The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
,
CLEARINGS— FOR JU L Y SINCE JA N U A R Y 1, AND FOR W E E K ENDING J U L Y 30.
S even M on th s.
J u ly .
Clearings at —
■
1910.
1909.
In c. or
D ec.
1910.
W eek ending J u ly
•
I n c . or
D ec.
1909.
S
S
’
.
S
S
%
—5.3 60.838,019.292 57,401,266,959
7.878,1)96,790 8,319.741,747
658,053,901
556,432,570 + 18.3 4,583,566,450 3,839,516,173
1.303,385,229
+ 7 2 1,528,069.094
207.218,260
222.169,018
824.212,510
+ 9.4
139,706,721
127-652,785
913,563,127
261,119,564
45,050,114
40.374,728 + 11.6
293,533,261
192,364,323
216,056,814
28,894,738
28,600,022
+ 1.0
Washington............ _
162,075,315
24,160,579
24,589,816 — 1.7
173,844,551
Albany_____ _____
115,547,345
18,973,764
126.632,091
liochester..................
19,269,750
+ 1.6
11,966,914
Scranton____ ______
+ 4.0
74,096,375
11,440,195
87,562,940
61,117,918
Syracuse....................
12,726,203
8,662,769 + 46.9
77.238.268
Heading......................
6,871,183
6,695,379
+ 2.5
43,578,553
48,400,847
Wilmington................
0,775,451
6,111,053 + 10.9
46,918,100
40,123,597
7,360.224
46,784,150
7,617,120 —3.4
53.834,511
6,526,385
36,740,302
5,870,433 + 11.2
41,846,198
Wilkes-Barre_______
47,097,790
45.066.429
Trenton .... ...............
6,462,395
6,603,488 — 2.1
38,251,808
5,649,528 —3.1
35,991,185
5,472,846
3,723,603 + 11.3
29,085,106
25,347,618
4,145,963
+ 5.9
3.226,109
25,455,025
3,416,930
20,308,053
E rie ............................
2,083.300
+ 5.2
13,629,600
2,191,500
14.165,693
+ 7.6
2,237,037
14,382.206
2,406,449
17-127,381
2.491.584
+ 3.8
2.586,755
17-057,802
15,905,149
1,740,432 + 22.7
2,135,019
13,250,678
11,504,653
1,349,328 — 14.0
1.160,462
7,842,199
7,823.385
1,205,519
1,012,966 + 19.1
7,545,307
7,554,016
Total Middle.......... 9,099,381,815 9,400,058,016 —3.2 69,235,954,234 64,599,410.712
696.918,147
709,491,010 — 1.8 4,948.815.504
4,883,158,054
34,566.200
32,656,700
+ 5.8
237,142,700
218,419,200
19.822,687
15,986,520 + 24.0
108,544,215
133,574,212
13,395,134
13,255,802
88,939,827
+ 1.1
86,050.317
10,142,331
9,545,757
+ 6.3
62,725,204
68,906,606
9,570,424
8,513,396 + 12.4
50,064,373
57.361.638
9,984,432
7,514,572 +32.9
49,122,077
68,301,411
4,121,209
5,057,474 — 18.5
34,643,949
33,345,756
Fall River__________
4,327,677
4,239,564
+ 2.1
26,780,317
33,101,865
2,427,203
2,407.301
+ 0.8
14,913,682
16,987,802
2,219,599
2,201.601
+ 0.8
14,711,603
14,212,648
Lowell______ ____
807,495,043
Total New England
810,869,717 —0.4 5,698,299,474
5,545,523,546
1,141,550,827 1,175,965,152 — 2.9 8,271,876,828
104,402,200
737.305,400
121,597,600 — 14.1
98,088,237
584,862,663
81,081,379 + 21.0
538,880,374
+ 5.4
79,014,967
74,935,270
Milwaukee--------------+ 3.4
376.347,449
52,799.655
51,082,357
Indianapolis-----------38,708,752 + 11.9
278,390,527
.43,329.279
28.488.400 — 5.9
182,827,200
Columbus ..................
26.817,600
18,362,154
130.051,331
— 4.8
17,488,120
89,049,821
10,258,816 + 11.6
Peoria — ...............
11,447,098
79.474,983
C.rand Rapids............
10,165,877 + 10.8
11,268,839
66,636,815
9,380,602 + 12.3
Evansville ................
10,535,716
66,759,232
D a y ton ......................
10,464,042
8,575.802 + 22.0
+ 7.3
40,945,236
Kalamazoo.... ...........
5,549,590
5,169,726
+ 0.2
Fort Wayne________
30,949.217
4,423,565
4,434,135
Springfield, 111..........
30,947,434
— 7.3
3,984,631
4,298,171
Youngstown..............
32,354,680
5,201,424
4,237.255 + 22.7
Akron — .............. .
28,936,800
4,500,000
3,288,800 + 36.9
Lexington__________
25,680,517
3,124,693
2,799,140 + 11.6
Rockford __________
24,450,647
3,347,351
+
15.8
2,891,058
Bloom ington_______
2,356,163
19,281,098
1,970,004 + 19.6
Quincy........................
19,654,843
2,223.055
2,066,420
+ 7.6
Springfield, O h io...
16,210,552
2,724,707
2,427.669 + 12.2
C a n ton .....................
4,235,986
29,740,367
2,658,555 + 59.3
South B e n d .............
2,430,988
2,326,310
+ 4.3
15,905,166
Decatur .......... ...........
1,877,112
1.965,165 — 4.5
14,660,475
Jackson ____________
1,742,076
1,430,407 + 21.8
13.328,559
1.536,033 + 10.7
12,120,826
Mansfield...... .............
1,701,547
+ 0.9
9,332.324
1,116,250
1,106,076
Jacksonville, 111____
1,661,116 + 10.3
14,414,766
1,832,315
668.271 + 15 4
771,102
5,788,375
+
18.0
139,228
1,058,497
165,129
+ 7.2
1,435,816
10,030,182
1,538,128
+ 7.7
2,521,673
2,715,863
18,200,398
1,714.980 Not Included In total
1.714,980
Lansing ......................
Total Mid. Western 1,664,784,825 1,679,622,640 — 0.9 11.810,453.582
171.491.285 + 13.9 1,317,715,046
195,337,352
57,220,269 4~ 12.5
64.381,510
470,982,956
54,595.809 — 11.4
48.350,470
349.815,398
44.3
30,104.999
43,446,021
293,257,744
14,791,173 + 28.0
18.936,222
139,8.33,603
30,305,779
—
20.7
24,090,361
190,371,849
24,606,818 — 1.3
24,295,338
162.799,317
8,766,737 + 39.9
13.663,910
88,759,008
4,788,788 + 16.8
5,591,592
37,145,444
4,586,992 + 23.7
5,671,468
38,810,007
3,939,082 — 12.5
25,933,335
3,445.538
2,519,315 + 10.5
2,783,845
16.961,636
2,108,435 + 26.8
2,673,258
20,160,430
+31.9
1,888,691
San Jose____________
14,638.289
2,491,085
1,358,223
1,862,519
13,706.787
+ 3.0
1,050,000
1,019,586
5,985,908
+ 6.8
.3,700,000
3,950,000
24.616.S57
2,343,676 + 24.0
Pasadena * _________
2.905,042
25,489.937
Total Pacific..........
462,020,495
417,851,981 + 10.0 3,211,493,654
+ 8.2
Kansas C ity ..............
192,444,228
177,850,030
1.486,958,213
79,885,144
Minneapolis........ .......
70.753,541 + 12.9
606,767,616
+ 5.0
Omaha...... .................
62,234,401
59,274,770
490,641.330
+
29.2
49,995,872
St. Paul......................
38,703,307
329,254.203
+ 1.5
38,539,160
Denver........................
37,958,809
281,4.32,412
25,975,649
22,174,466 + 17.1
St. Joseph__________
211,378,126
14,720,028
14,454.591
125,495,327
Des Moines................
11,550,000
11,522,683 .4-0.2
91,634,477
14,753,300
12,116,079 + 21.8
86,854,566
W ichita......................
13,986,514
98,633,926
11,000,000 + 27.1
+ 5.4
6,568,980
Lincoln ......................
6,230,669
48,613,007
5,299,735
5,832.815 — 9.1
38,938,575
6,309,976
46,795,582
5,201,418 + 21.3
4,875.328
40,057,016
4,404,896 + 10.7
3,436.165
26.110,195
2.783,177 + 23.5
4,000,000
27,812.480
2,710,101 + 47.6
Sioux Falls...... .........
3,081,883
+ 1.5
22,105,440
3,036,088
2,600,000
18,002,688
Pueblo........................
2.343,676 + 11.0
1,356,002
+ 4.8
1.204.574
11,174,767
838,884 Not Included In total
Hastings.............. ..
527,625,851
Total other W est..
478,045,090 + 10.2 3,980.046,026
Details of Southern on page 000.
725,607,292
+ 0.4 6.591,311,220
Total Southern___
682,015,602
Total all.............. . 13.286,915,321 13,469,003,052 — 1.4 99.537.558,790
Outside New York. 5.408.248,525 5.149,321.905
+ 5 .0 38,6)9,538,898
Tabic Cleartu js by Telegraph and Canadian Clearings on page 000.
1908.
1907.
$
S
S
%
$
+ 6.0 1,850,725,864 1.677,658,600 + 10.3 1,342,439,448 1,603,602,887
+ 19.4
151,107,558 105,329,243 + 43.5 102,097,416 141.472.023
.48,230,959
+ 17.2
42,813,593 + 12.7
37,339,629
49,467,206
27,582,740
27,102,337
+ 10.8
+ 1.5
24,003,387
29.823.924
8,500,034 + 20.8
+ 12.4
10,271,658
7,016,485
8,886,971
5,500,741
5,350,435
+ 12.3
+ 2.8
4,208,357
5,685,932
4,699,523 + 13.3
5.326,208
+ 7.3
4.791,967
5,520,514
2,852,689 + 22.7
3,500.000
+ 9.6
3,150,789
3,965,732
2,343,762
4-5.1
2.462,635
2,551,590
2,200,000
+ 10.1
1,701,162 + 15.7
1.456,136
1,969,565
2,013,997
+ 19.8
952,184
1,337,301
1,275,283 + 12.4
1,433,470
+ 11.1
1,377,085
1,250,922 + 22.6
1,643,086
1,533.506
+ 16.9
+ 0.4
1,332,990
936,056
1,652,766
+ 15.1
1,659,366
1.052,889
1,090,762
1,363,434
1,230,001 + 10.8
+ 13.9
1.089,605 _ ___________
1,268,135 — U. 1
+ 4.5
1,266,275
849,779
1,115,956
1,022,194 + 14.0
1,165,324
+ 6.3
609,386
773,023
743,546 + 13.5
+ 14.8
844,027
796,049
519,849
752,365
647,025 + 16.3
+ 25.3
448,000
509,400
+ 3.9
512,000
376,600 +35.9
495.173 + 10.7
+ 19.1
548,311
453,358
.581,978
446,804
+ 7.2
470,526 — 12.5
640,974
411,488
343,062
+ 15.2
418,302
334.793 + 25.0
205,521
300,000
278,304
—0.2
222,580 —7.7
+ 0.1
+ 7.2 2,118,791,317 1,889,400,922 + 12.1 1,539,430,797 1,862,342,055
137,034,999
+ 4.7
6,030,000
+ 8.0
3,441,519 + 13.9
2,263.267
+ 5.9
1,700,000
+ 8.9
1.479,409 + 21.4
1,657,560 + 20.9
891,052 — 22.3
710,240
+ 17
366,121 + 30.9
432,820 —4.0
+ 5.3
156,006,987
123,007,772
5,555,400
3,623,963
2,920,626
1.541.151
1,681,997
1,229,569
533,326
589,910
425,878
356,151
141,465,749
144.000.505
6,892,300
4,138,409
3,043,900
1,900,000
2,085,333
[1,601.721
1,014,327
817.159
487,020
463,874
166,445,048
— 1.1
— 13.6
+ 94
— 23.5
+ 13.1
+ 11.6
— 17.7
— 2.5
+ 1S.2
+ 7.2
+ 21.2
+ 15.5
+ 18.5
+ 4.1
— 6.3
+38.1
+ 43.5
+ 40.0
+ 25.6
+ 45.2
+ 5.8
+ 10.1
+ 109.6
+ 20.3
— 15.7
+ 20 6
+ 1.3
—O.S
— 4.3
+ 23.1
+ 70.2
+ 22.3
+ 6.6
In total
— 1.5
202,139,006
19,850,900
15,160,936
11,776,994
8,397,611
6,790,137
4,593,500
3,878,83.8
2,035.292
1,775,071
1,586,765
1,274,655
828,764
613,408
752,138
496,112
560,000
481,750
499,753
405,399
448,364
365,240
406,000
333,654
514,132
317,574
246,589
221,691
278,735
69,881
18,975
250,000
225,706,588
26,344.650
18,184,068
13,114,620
9,784,790
7,828.880
5,534,800
3,862,879
2,362,948
2,436,635
1.800,132
1,845,975
1,099,368
780,145
671,757
738,516
5.80,000
622,346
569,440
429,390
448,957
356,266
486,113
520,651
293,149
342,601
2.85,019
240,405
287.367,864
327,516,579
41,454,214
13,000,000
9.975.019
8,445,387
3,751,106
4.218,664
5,595,491
2,543,204
1,044,161
1,113,000
888,549
529,874
479,075
489,000
300,000
255,000
35,000,318 + 18.4
11,596,655 + 12.1
11,179,817 — 10.8
5,269,762 + 60.3
2,755.000 + 36.2
6,870,216 — 3S.6
5,083.391 + 10.1
1,552,448 + 63.8
913,051 + 14.4
933,000 + 19.3
685,018 + 29.7
+ 4.4
507,415
337,453 + 42.0
375,000 + 28.0
230,276 + 30.3
242,182
+ 5.3
31,787,545
7,743,672
7,667,072
4,972,145
2,352,061
4,926,192
4,078,159
1,241,117
900,000
775,000
943,052
423,422
376,750
520,000
172,117
149,299
41,558,248
10,310,300
9,409.578
7,013,152
2,794,673
7,459,457
4,704,371
2,215,350
634,187
94,706,931
540,000
84,091,002
+ 11.9
+ 12.1
44,799,263
48,078,057
16,602,652
15,110,320
14,200,000
12,645,752
8,232,006
11,647,167
8,300,586
7,746,929
5,984,933
4,729,202
2,924,065
2,966,111
2,200,000
2,542,687
3,528,524
2,880,140
3,516,984
2,801,208
1,370,067
1,412,979
1,170,135
1,392,230
1,499,112
1,178,978
963,394
768,367
783,105
450,407
750,000
488,000
585,000
591.584
485,161
422.242
377.875
338.754
4,543,080 Not Included
124,966,817 112,097,159
+ 7.3
+ 9.9
+ 12.3
+ 41.5
+ 7.2
+ 26.5
— 1.4
— 13.5
+ 22.2
+ 25.5
—3.0
— 16.0
+ 27.2
+ 25 4
+73.9
+ 53.7
— 1.1
+ 14.9
+ 11.5
In total
+ 11.5
+ 14.1
152,563,024 138.404.570
+ 7.9 3,015,523,514 2,745,757,557
+ 11.0 1,164.797,650 1.068.098.957
+ 10.2
+ 1.3
+ 8.6
+ 23.1
+ 3.8
+ 9.9
+ 14.6
+39.1
—3.7
+ 23.4
+ 13.9
+ 3.5
+ 2.8
+ 4.0
—7.3
+ 21.6
+ 26.2
+ 11.1
+ 13.3
-f- 6.3
+ 9.3
+ 7.9
+ 14.4
+ 12.6
+ 17.7
+ 16.3
+ 12.6
+ 4.5
+ 25.5
+36.3
+ 29.8
+ 20.0
+ 21.4
+ 17.9
+ 7.2
+ 36.1
+ 14.6
+ 16.0
+ 30.0
+ 14.8
+ 8.1
+ 30.6
+ 16.4
+ 26.4
+ 14.8
+ 15.9
total.
+ 6.0
1,090,088.934
381,62,8,264
309,117.695
209,163.534
104,092.842
186,688,039
151,936,173
54,880,616
28,504,145
30,425,124
26,476,532
14,303,542
14,387,016
12,893,504
10,479,638
5,470.233
19,457,463
2,343,670
2,650,605.354
+ 20.8
+ 23.4
+ 13.2
+ 40.2
+34.5
+ 2.0
+ 7.1
+ 61.7
+ 30.3
+ 27.6
— 2.1
+ 1.8.6
+ 40.1
+ 13.5
+ 30.8
+ 9.3
+ 26.5
1,300,608,074
495,847,070
420,492,879
266,871,106
264,386.697
178,233,418
106.240,394
79,150,168
68,069,874
35,040,477
43.751.596
39,326,019
3.8,148,517
31,445,211
19,426,832
18,403,036
20,622,501
16,159,965
10,495.165
+ 14.3
+ 22.4
+ 16.7
+ 23.4
+ 6.4
+ 18.6
+ 18.1
+ 15.8
+ 27.6
4,902,040,508
92.259,595,804
34,858.328,905
1909.
30.
■%
7,954,783,046
794,958,800
481,064,725
426,915,221
339,625,934
240,331,089
173,624,400
118,985,777
82,501,304
69,449,674
59,184,143
56,715,599
35,221.288
27,482,649
29,624,467
25,772,293
21,225,496
19,790.983
20,374,236
15,889,134
16,667.330
15,126,530
21,846,792
13,882,021
12,641,351
10,250,958
10,558,170
8,557.454
11,040.189
' 4,971,597
837.789
8,733,662
15,701,961
Not Included In
11,144,336,562
3,417,679,122
1910.
In c. or
D ec.
+ 21.2
+ 11.1
— 1.0
+ 22.7
+ 27.4
+ 34.4
+ 51.2
+ 7.2
+ 11.4
■' 4*6.5
+ 16.7
143,499.485
6,510,500
3.918.986
2,397,923
1,851,027
1,795,246
2,004,135
692,075
722,161
479,188
415,652
164,286,378
250,586,007 253,371,880
22,610,750 126,165,000
18,285,582
20,008,011
16,723,099
21,871,325
11,219,785
9,923,284
8,641,770
7,744,797
5,397,600
6,557,000
3,581,749
3,674,843
2,641,984
2,235,425
2,268,070
2,124,867
2,153,860
1,776,231
1,876,373
1,624.379
1,223,798
1,032,282
963,393
925,318
958,172
1,022,076
1,065,192
771,053
990,000
690,000
674,549
481,829
745,693
593,776
569,525
392,380
481,524
455,175
487.573
442,719
1,086,762
518,595
510,671
424,420
431,670
511,931
315,000
261,208
354,912
350,339
265,777
267,886
361,533
377,786
107,589
132,426
19,975
33,996
272,629
333,358
514,465
482,838
343.703 Not Included
360,209,047 365,756,917
110,491
25,000
300,000
761,788
552,060
69,027,603
86,779,037
33,195,698
13.888,185
9,681,638
8,480,973
6,108.678
4,143,214
2,001,007
1,576.436
1.267,855
30,627,028
18,448,268
9,725,137
8,645,742
7,268,490
5,038,908
2,452.235
1,838,883
1,259,173
1,019,123
864.483
733,873
582,458
389.797
440.000
600,000
307,674
318,885
1,044,367
828,609
920,702
655,900
383,418
430,000
654,295
497.859
313,974
85,608,977
91,032,994
120,808,668 132,036,895
+ 9.8 2,243,620.053 2,666,148,608
+ 9 0 901.180,605 1.062,539,721
* Not Included In total lor month and seven months’ comparison Incomplete.
39S
THE CHRONICLE
THE FINANCIAL SITUATION.
Outside the political field the developments this
week have all been favorable. The agricultural prom
ise, upon which so much depends, continues highly en
couraging. Weather conditions the present week
have been about as desired, and as we gradually ap
proach the end of the crop season, it is becoming more
and more evident that, excepting a shortage in the
yield of spring wheat, we are to have bounteous har
vests. That certainly is the outlook as far as our lead
ing grain crops are concerned, in particular corn,
where the indications point to an unusually large pro
duction under the increase in acreage— barring, of
course, some unlooked-for adverse happening, such as
a premature frost. In the case of cotton the report of
the Government Agricultural Bureau, issued on Tues
day, shows, as had been expected, some decline in con
dition during July, owing mainly to excessive rains
in the South Atlantic States, still leaving, however,
the general average July 25 several points better than
at the corresponding date in 1909, with the comparison
especially good in Texas, the State of largest produc
tion, at 82 against 70. We discuss this cotton state
ment separately further below.
The termination of the strike on the Grand Trunk
Railway of Canada also affords occasion for gratifica
tion. With its New England connections and its
lines in Michigan and into Chicago, this Canadian
system has important ramifications in the United
States. In the settlement the striking employees get
slightly better terms than those originally offered by
the company, but on the whole the concessions on the
part of the railway have been smaller than are usually
required in such cases. The settlement was brought
about through the use of the good offices of the Cana
dian governmental authorities. For the present the
men accept the increases in wages offered by the com
pany, but the advances are to date back to May 1
instead of beginning with July 18.. As to the further
advances in the future, the company had originally
promised the new Canadian Pacific standard of wages
and rules beginning with Jan. 1 1913. Under the
agreement now reached this standard of pay is to be
gin a year earlier, namely on Jan. 1 1912. It is a
point gained to have this labor conflict out of the way.
In being obliged to make important increases in
wages, the experience of the Grand Trunk Railway
is like that of the American roads. And this directs
attention anew to the one weak point in the situation,
namely the rising expenses of the railroads and their
inability to offset the same. In the interest of the
continued prosperity of all our industries something
certainly ought to be done to preserve the earningcapacity and financial stability of the roads. The re
ports of net earnings that have been coming in this
week for the month of June have been of such a char
acter as to indicate that the present Government
policy— under which the outlays of the carriers are
increased and no compensation is allowed in the way
of higher transportation rates—is likely to involve
the roads in serious peril unless a remedy is soon ap
plied and the equilibrium between receipts and ex
penditures restored through better rates. Two of
our very largest railroad systems in point of earningcapacity, namely the Pennsylvania and the New York
( VOL. L X X X X I
■Central, have this week made public their June re
turns, and in both instances the increases in expenses
are of such magnitude as to furnish occasion for alarm
were it not that every one clings to the idea that ulti
mately the Inter-State Commerce Commission— at the
end of the summer season and after the November
elections— will withdraw opposition to the proposed
advances in rates.
The Pennsylvania RR. on its lines directly operated
east of Pittsburgh reports for the month an increase in
gross earnings of $1,176,400, but unfortunately this
was attended by a still larger augmentation in expen
ses, namely $1,669,600, leaving, therefore, an actual
loss in net of $493,200. On the lines west of Pitts
burgh the showing is not quite so bad, and yet even
here, though there is an increase in gross of $1,420,200,
augmented expenses have consumed $1,408,200 of the
same, leaving an increase in net in the trifling sum
of $12,000. For the combined Eastern and West
ern lines the result is that with an addition of
no less than $2,596,600 in gross earnings, net
earnings are almost half a million dollars less (in
exact figures $481,200 less) owing to the aug
mentation of $3,077,800 in the expenses. The re
turns of the controlled roads, whose accounts are
separately reported, are of the same character, indi
cating that the elements at work to produce the
adverse comparisons are general in their nature. Thus
the Philadelphia Baltimore & Washington, with
$131,200 increase in gross, has .$37,500 decrease in
net; the Northern Central, with $35,300 increase in
gross, has $52,900 decrease in net, and the West Jersey
& Seashore, with $12,300 increase in gross, has $61,000
decrease in net.
The experience of the Pennsylvania RR. is found
duplicated in the return of the New York Central,
another representative railroad system. On the
Central itself an increase of $698,182 in gross has been
accompanied by an augmentation of $1,203,630 in
expenses, thereby working a reduction in net of
$505,447. Nearly eveiy one of the auxiliary roads in
the Central system presents exhibits of the same char
acter. To avoid a weary repetition of the figures, wo
will refer to only two of these roads, namely the
Michigan Central and the Lake Shore & Michigan
Southern. The Lake Shore runs $209,643 behind in
net, though having enlarged its gross by $545,234;
the Michigan Central has added $215,872 to gross
but loses $91,594 in net. Combining all the roads
which make up the so-called New York Central Sys
tem, it is found that there has been for the month an
aggregate increase of $2,242,487 in gross and yet a
decrease of $752,275 in net. It is obvious that such
a state of things cannot go on indefinitely, especially
with additional amounts of both stock and bonds
outstanding, without inviting disaster not alone to the
railroads but to the whole business community.
Already the cloud hanging over transportation in
terests is being reflected in some diminution of trade
activity in certain directions. A conspicuous illustra
tion is the iron and steel industry. The railroads
constitute, as we have so often noted, the largest
single consumer of iron and steel products in the
country; and when this dominant factor is obliged to
curtail its orders, either because of inability to raise
needed new capital supplies or because of the necessity
of curtailing expenses, the effects are at once seen in
A U G . G 1 9 1 0 .!
the
c h r o n ic l e
the iron and steel trades. That is the situation
existing at the present time. The railroads are. no
longer able to raise new capital with full freedom,
while the rise in expenses makes imperative the prac
tice of economy and the enforcement of savings in
all directions.
Hence, orders from the railroads
have latterly been on a diminished scale. According
to the monthly statistics of the “ Iron A g e /’ of this
city, the make of pig iron in the United States during
July was only 2,142,442 tons, against 2,265,478
tons in June, 2,390,180 tons in May, 2,483,763 tons in
April and 2,617,949 tons in March— showing a steady
and uninterrupted decline. The curtailment has been
particularly marked in the case of the steel companies
which produce iron only for their own use. It should
be distinctly understood that this shrinkage in iron
production has no significance beyond that here indi
cated. Give the railroads fair treatment and a chance
to live, and their consumption of iron and steel and
their products will again quickly increase, and general
trade revival will also again return.
Political developments this week have not been of
the same encouraging nature as last week. Then the
tide of radicalism seemed to be on the decline, judging
by the defeat of William J. Bryan at the Nebraska
Democratic Convention and the nomination for Gov
ernor of an adherent of ex-Senator Foraker in the Ohio
Republican Convention. The present week the tide
of radicalism has again been surging upward. At
the Kansas primaries six so-called insurgent Repub
licans were nominated for Congress and only two regu
lar Republicans gained nominations, notwithstanding
the recent stumping of the State by Speaker Cannon.
In the Republican State Convention at Des Moines,
Iowa, the temporary Chairman, Senator A. B. Cum
mins, omitted mention of the name of President Taft,
while the platform adopted not only expressed dis
satisfaction with the Payne tariff bill of last year, but
endorsed the action of Senators Cummins and Dollivcr
and the insurgent members of the Mouse of Repre
sentatives in their opposition to the same. Indeed,
these resolutions endorse these two Senators for “ their
work upon the tariff bill, the railroad bill and the
postal savings bank bill.”
What is particularly regrettable is that Senator
Cummins in his speech made a most demagogic appeal
to his party associates. Here is a sample of some of the
things he said: “ Wealth is fighting hard for an undue
share of the profits of labor. Great wealth, combined
wealth, corporate wealth, is pressing small wealth
and individual wealth to the wall with weapons that
modern industrialism should no more tolerate than
modern warfare tolerates poisoned bullets. . . .
The Republican Party was not born to make men
rich. It cannot survive upon the feasts of millionaires.
It must live at the plain table of common men.”
Politicians who indulge in this kind of talk are simply
seeking to arouse passions. The motive that inspires
their efforts is transparent. They think clap-trap an
effective weapon in getting political support, and they
do not disdain to use it. The cause of reform, whether
of the tariff or of other things, is not helped but harmed
by such utterances.
299
of the late President Alexander J . Cassatt in the new
Pennsylvania terminal at Thirty-second Street, this
city. There is of course no need of a statue or any
other human mark to identify the name of Mr. Cassatt
with this, probably the greatest development in the
whole history of the Pennsylvania Railroad. It was
fitting, however, that his associates in this gigantic
undertaking, and who so cordially supported him in
it, should place on record their recognition and appre
ciation of his great services in that regard. The
statue bears the inscription on the base: “ Alexander
Johnson Cassatt, President Pennsylvania Railroad
Company, 1899-1906. Whose foresight, courage and
ability achieved the extension of the Pennsylvania
Railroad System into New York City.” Every word
of this is true. Equally true is the remark made by
Thomas DeWitt Cuyler, Chairman of the Memorial
Committee of the Board of Directors, at the unveiling
of the statue, when he said that the opening of the
station in this city marked one of the most important
epochs in the annals of the Pennsylvania Railroad,
and that as the years roll around the greater will be
the tribute paid to the genius of Mr. Cassatt.
It was certainly a wonderful conception, this carry
ing of the great Pennsylvania Railroad system into
the heart of New York City—nay, more than that,
continuing it on under the East River into Long
Island where, for all time to come, the Pennsylvania
will be strongly entrenched by reason of its control
of the Long Island Railroad. It required boldness of
thought and daring in execution to launch and carry
out such an undertaking; no man of ordinary mold
would have ventured upon the expenditure of $150,
000,000 in this way. No doubt the strain involved,
together with the criticisms of the muckrakers, hastened
Mr. Cassatt’s death. But the work has now success
fully been accomplished, the financial strength of the
Pennsylvania remains unimpaired, and for generations
to come the communities centred here, and along with
them the whole country, will enjoy the benefits.
Three great names will always be blazoned upon the
record of the Pennsylvania Railroad—J. Edgar Thom
son and Thomas A. Scott, who guided its destinies
in its early histoiy, and Alexander J. Cassatt, who
rounded out and completed the system.
John G. Carlisle of Kentucky, who died at his hotel
in this city in the last hours of July, lacking five weeks
of completing his 75th year, was a farmer’s boy who
had only a common-school education and read law
while supporting himself by teaching. Having at
tained local fame at the bar, he served a term in each
branch of the Legislature, then a term as LieutenantGovernor; then, in 1877, he came to Washington as
a member of the House, in which he served until 1890.
In December of 1883, he was elected Speaker and held
this position through the two following Congresses.
He left the House to fill the vacancy in the Senate
caused by the death of Senator Beck, and then went,
in 1893, to the Cabinet as Secretary of the Treasury in
the second Cleveland Administration. He fvas well
versed in parliamentary practice and in precedents, '
and won a good reputation as Speaker in a tiying time,
but in the Treasury he found a far severer task and
more trying circumstances. The gold reserve had
The directors of the Pennsylvania Railroad deserve; been declining as silver had been accumulating, and
commendation for erecting an heroic bronze statue expenditure had outrun revenue.
300
THE CHRONICLE
began by securing, with difficulty, the repeal of the
silver-pui chase law the country escaped getting
on the silvei basis by measures which were severely
ciiticised at the time, but amply justified them
selves later. In these Mr. Carlisle stood with Mr.
Cleveland, with whom he had been in sympathy from
the time of the tariff reform message of 1887 in the
former Administration. At the conclusion of this
second Cleveland term, Mr. Carlisle went out of
political view and of late years his name has been
little
His most prominent appearance
;SJnco Was in the campaign of 1896, when he renewed
his opposition to the silver heresy, which reached its
culmination in that memorable year.
Mr. Carlisle's strongest title to honorable remem
brance is his service in the Treasury during one of
the times in the later history of the country when
matters were strenuous, and not only was there more
to be alone than the performance of ordinary routine,
but that routine itself became difficult. Beyond
this, he had what might be regarded as good fortune
i n being on the active stage when the Democratic
Party was still adherent to some of its best traditions
and was attached to genuine principles. Although
temporarily swept aside by strange political currents,
he no more wavered in his adhesion to sound doctrines
and conservatism than did Mr. Cleveland himself.
These larger men have, one by one, gone from sight,
yet there are signs that the old leaven is not exhausted
and a sound Opposition party may revive, to act as a
check, even if it does not attain power in its turn.
Mr. Carlisle may be deemed fortunate in havingsurvived long enough to see glimpses of a dawn of
conservatism in government once more.
mentioned.
The cotton condition report issued by the U. S. De
partment of Agriculture on Tuesday last was quite
in line with expectations, as expressed on the New
York Exchange, and therefore was of little effect as a
market factor. With prices ruling at the present high
level, a further advance was not to be thought of un
less the condition, as officially announced, showed im
portant impairment; and, on the other hand, it was
not expected that, with trading rather restricted on
account of the manipulation in progress, any decided
decline would immediately follow a report indicating
mproved condition. There is, moreover, a disposi
tion manifested in some quarters to take a more op
timistic view of the crop situation than the Govern
ment report is claimed to warrant. The report as is
sued, and covering condition of the crop on July 25,
it is true, shows a deterioration of 5.2 points since the
25th of June, the average for the whole cotton belt
being stated at 75.5; but this is 3.9 points better than
at the corresponding date in 1909 and only 3.9 points
below the ten-year average. Furthermore, it is re
membered that in a number of seasons (1907,1905 and
1900), when condition on July 25 was approximately
the same as in the current year, very good crops were
secured. The result secured from last year's planting
was exceptionally poor; much less satisfactory than
for any year since 1884 so far as product per acre
is concerned. To use that year as a basis for judg
ing the current prospect would be manifestly erroneous.
Comparingthe July 25 1910 condition, however, with
that for the same date last season, we
[V O L . L X X X X I.
less, considerable improvement in important localities.
In lexas, for instance, condition is stated at 82, against
only 70 a year ago, 82 in 1908 (when nearly 4 million
bales wcic pioduced in that State) and a ten-year
average of 79. In Oklahoma, too, the condition is
satisfactory; 88, comparing with 79 a year ago, 66 in
1908 and a ten-year average of 74. Louisiana also,
notwithstanding a noticeable deterioration during the
month, is better than last year, and the same is true of
Alabama, Mississippi and Virginia. In fact, the im
pairment of condition as compared with last year is
largely confined to South Carolina, Georgia and Florida
in the Atlantic section, although Arkansas shows a
decline of 3 points and Tennessee 4 points. It is to be
noted, furthermore, that the general average this
year on July 25 was higher than at the same time in
1907 or 1905 and about the same as in 1900. In the
meantime, area has been increased to the extent of
about 7% as compared with 1907 and fully 22% as con
trasted with 1905, while the gain over, 1900 reaches
more than one-third. With facts such as these at
hand, it is possible for each man to make his own con
jecture as to what the crop of 1910-11 will be, and if he
uses either 1905 or 1900 as his basis, ho will reach an
almost 14-million-bale result. But estimates made
thus early are mere guesses and absolutely valueless.
As regards the present state of the plant, we are in
clined to believe that the situation in Atlantic and Gulf
sections is rather better than the Government reports
indicate. The deterioration noted is accounted for in
private advices, including our own, by excessive rains
that have prevented proper cultivation and fostered
the growth of weeds and grass; but with improved
weather recently reports from those sections have
taken a favorable turn. Drought has been complained
of in Texas and Oklahoma, but most of the reports
coming from those States indicate no material injury
to the crop as yet. The season is late quite generally,
and with good weather during August and September
considerable improvement in the condition of the plant
is possible everywhere. Early frost would, of course,
be detrimental.
The British Parliament adjourned on Wednesday
until Nov. 15, when an announcement of momentous
importance, national and international, may be made
by the Prime Minister, Herbert II. Asquith, concerning
the result of deliberations between the Ministerialists
and the Opposition on the proposed reform of the House
of Lords. From unofficial but influential sources inti
mations are emanating that at the recent conferences
suggestions of the most far-reaching scope were brought
forward and considered, suggestions that have inspired
discussion of a “ New British Federation." Bluntly
and briefly, it is hinted that a movement may be in
augurated to give England, Scotland, Ireland and
Wales each a local legislature, with a federal parlia
ment, elected by the United Kingdom, Ireland and
all the British colonies, to legislate for the whole
empire. Premier Asquith has already openly favored
home rule for Ireland, consequently he may feel
friendly disposed towards an extension of this principle
to other parts of the British Islands and the empire
as a whole.
One phase of the proposal, to wit, the establishment
of an imperial legislative organization, is not new, for
neverthe ever since Joseph Chamberlain launched his campaign
A ug. 6 1910.]
THE CHRONICLE
for an Imperial Zollverein the advisability of forming
some sort of council representative of the empire has
exercised public attention and a conference of colonial
statesmen has already been held in London. But
there has been no clamor on the part of Englishmen,
Scotchmen or Welshmen for a separate national parlia
ment, and so revolutionary is the proposal that
there is little likelihood of its adoption for some con
siderable time to come. Yet the developments of
recent years, not only in Britain and the British
colonies, but in Continental Europe, the Orient and
elsewhere, point to some change by and by along the
lines now mentioned. Such countries as Canada,
Australia and South Africa are undergoing an evolution
that promises to culminate in a fundamental change in
their relations with the mother country, and it is
entirely possible that this change will in the end
call tor the establishment of an Imperial Parliament in
which they will enjoy adequate representation. In one
sense the movement is akin to that which brought
about the Commonwealth of Australia, the Federation
of South Africa and even our own United States.
Premier Asquith, as became the head of the British
Government, was very guarded in his utterance
regarding the negotiations that have been carried on
between party leaders on the knotty problem of how
to reform the House of Lords. Having explained that
the conferees had held twelve meetings and carefully
surveyed the field of controversy, lie made this
significant statement,
"The result is that our discussions made such pro
gress— although we have not so far reached an agree
ment— as to render it in the opinion of all of us not
only desirable but necessary that they should continue.
In fact I may go further. We would think it wrong
at this stage to break them off.”
In political and financial circles the hope is enter
tained that a compromise will be effected if the de
liberations be confined merely to reforming the Upper
Chamber, but, as already stated, it is rumored that
the larger subject of Home Rule for each part of the
Mother Country and a body representative of the
whole empire will be submitted for consideration.
At all events, the next session of the British Parlia
ment is likely to prove one of great historic import
ance.
Before the adjournment this week, the Royal
assent was given to the King’s Accession Declaration,
which was passed by the Lords without a division.
Mr. Lloyd-George’s second Budget has also been
passed without incident.
The Spanish Government has recalled its Ambassador
to the Vatican (Marquis do Ojeda) and a struggle
similar to that recently witnessed in France has been
opened between Spain and the Pope. Premier
Canalejas has adopted an uncompromising attitude,
and is receiving support, not only from anti-clericals^
but from various Catholic interests as well as from
King Alfonso, who has this week visited France
and held conferences with President Fallieres, Premier
Briand and Minister of Foreign Affairs Pichon, while
later His Majesty proceeded to England, whore he is
the guest' of King George. Tli6 ! qiitcbme of the
contest/is awaited with uni Vetsal’iffterest!.
The trouble has been breWih'g since1 Atay, when the
Vatican did not promptly reply to a note sent by the
301
Spanish Government. On June 11 Cardinal Alerry
del Val, the Papal Secretary of State, replied that the
delay had been occasioned by the declaration of
religious policy made in the speech from the Throne;
another note giving reasons for the delay was delivered
on June 20, and then on July 9 Cardinal Merry del Val
stated that the Vatican would reply to the Spanish
note provided the Government took no steps to
enforce its announced program. Premier Canalejas
reiterated his demand for a reply to the original note.
Ihe Vatican refused, citing as justification for-de
clining further negotiations the general hostile attitude
of the Government and, in particular, the introduction
of the bill allowing non-Catholic organizations to dis
play outwardly the emblems of public worship. The
local 1 of the Spanish Ambassador followed, although
the Vatican did not immediately retaliate by with
drawing the Papal Nuncio (Mgr. Vico) from Madrid.
Appaiently the national spirit of Spain has been
aroused and it is questionable if eleventh-hour capitu
lation by the Vatican would induce the Spanish Gov
ernment to abandon its determination to cast off Papal
authority. Six years ago an agitation arose for a
change in the status, but the Vatican then succeeded
in retaining its hold upon the country. Since then
Protestants have worshipped a little more openly, but
the Papal authorities have refused to allow non-Catho
lic bodies to display on their places of worship any
sign indicating the nature of these edifices. The Gov
ernment is being cordially supported by many whose
sympathies do not lie with the Protestants, but whose
patriotism has been aroused by the attitude adopted
by the Church towards the State authorities. King
Alfonso, although a devout Catholic, has granted the
Prime Alinister a free hand, and it is believed that His
Majesty s course will be upheld. At the same time,
the Carlists are violently opposing Premier Canalejas.
To-morrow a huge demonstration of the Clerical sym
pathizers is scheduled to be held at San Sebastian,
and although the Alinister of the Interior has forbidden
the demonstrators to meet, the leaders have expressed
their intention to go ahead without legal authority.
Troops are held in readiness to enforce the Govern
ment’s orders, and it is feared that bloodshed may be
witnessed. The impression throughout Europe is that
Cardinal Merry del Val has failed to grasp the univer
sal progress towards religious liberty, and that by
seeking to exact too much he incurs the danger of re
ceiving very little. Coming so soon after the complete
separation of Church and State in France, the revolt in
Spain is naturally exciting world-wide interest. The
further progress of events will be closely followed.
American business men were astonished to learn
that another Chinese boycott of our goods had been pro
claimed at Canton. The cause, it was discovered,
was dissatisfaction with the Chinese detention sheds on
Angel Island, in San Francisco Bay, a matter that had
not come under general notice in this country and cer
tainly one regarded as entirely too trivial to justify
such drastic action on the part of the Chinese. The
boycott proclamation has been issued by the Chinese
Self-Government Society of Canton, one of the "China ,
fpr tlic'Chinese” organizations which have sprung up
in tiie Chinese Empire during rqcent years. There is
a'disposition to look upon the incident as too fantastic
for serious consideration, but it should not be forgotten
302
TIIE CHRONICLE
that a match can start a destructive fire, and the
United States knows from experience how damaging to
trade an Oriental boycott can become. Sentiment in
China towards foreigners in general, including America,
is at this moment hostile, owing in part to the dissatis
faction created by the determination of Great Britain
France, Germany and the United States to force Pekin
to adhere to its agreement covering the building of the
Hankow-Szechuen Railway. It behooves our Gov
ernment to lose no time in investigating the facts and
taking the proper measures to prevent the spread of
the boycott. There would appear to be no vital prin
ciple involved, and it should not, therefore, be a
difficult matter to placate Canton. The sooner this
is done the better for all parties, since there is no ac
counting for what the Chinese might succeed in doing
to cripple American trade should the conviction be
come general throughout the Empire that there was
just cause for complaint regarding the treatment
meted out to their fellow subjects at San Francisco.
As was the case in June, bank clearings for July
show a slight loss from the corresponding month of
1909, but that is due now, as then, entirely to the fall
ing off at New York. In fact, of the 137 cities for
which comparative figures for the month are pre
sented to-day, on the first page of this issue, only 29
record losses from a year ago, and, except in one or
two cases, the declines are hardly more than nominal.
At New York, however, the loss would seem to be due
to an easing up in business activity, as it is not to be
accounted for by slackened stock speculation. On
the contrary, 14,254,713 shares were dealt in at the
New York Stock Exchange in July this year, against
only 12,806,965 shares in the month of 1909 and 13,
857,563 shares in 1908. For the seven months of
this year, also, the sales were slightly greater than for
the period last year, comparison being between 112 ,
095,658 shares and 111,943,337 shares, while contrasted
with the dealings in 1908 (98,507,001 shares) there is
a considerable gain. At Boston the situation was
somewhat similar, the month’s transactions having
been 921,565 shares, against 904,799 shares, with the
seven months’ totals 8,029,364 shares and 7,802,487
shares, respectively. Bond transactions, however, con
tinue of restricted volume, the sales at New York for
the month this year having been only 38 millions of
dollars, and for the seven months 406millions, against
941^ millions and 820 millions in 1909 and 80 millions
and 525 millions in 1908.
For the whole country the loss in clearings is 1.4%,
as contrasted with the month in 1909; but for the seven
months there is a gain of 7.9% . Comparison with two
years ago discloses increases of 19.8% and 39.1% re
spectively. At New York the month’s decline from
1909 is 5.3% , with the gain for the seven months reach
ing 6.0% , and contrasted with 1908 there are increases
of 19% and 46.3% respectively. Outside of this city
the July aggregate exceeds that for 1909 by 5% and
the seven months’ total shows an augmentation of
11% .
Compared with 1908 there is a gain of 20.8%
for July and 29% for the longer period. The various
groups into which our compilation is divided without
exception exhibit better results this year than last year,
for the seven months, but the July totals in some in
stances (due to losses at principal cities) record de
creases. Thus, the percentage of decline for the month
[V O L . L X X X X I
in the Middle Section is 3.2% , but for the seven months
a gain of 7.2% is shown; in New England the July loss
is 0.4% and the seven months’ increase 2.8% , while
in the Middle West 0.9% represents the loss for the
short period and 6% the augmentation since Jan. 1.
Gains of 10.6% and 21% are shown, however, on the
Pacific slope, 10.2% and 16.7% in “ Other Western,”
and 6.4% and 14.1% at the South.
The exhibit for the Dominion of Canada is distinctly
favorable. At one or two points small losses from last
year are in evidence, but at others, notably Vancouver,
Victoria, Calgary and Winnipeg, very conspicuous
gains are to bo noted. Furthermore, the aggregate
for the thirteen cities shows an increase for July of
20% as compared with 1909 and the excess for the
seven months is 21.6%. Contrasted with 1908, the
gains are 57.1% and 52.6% respectively.
We have referred above to the Pennsylvania RR.
statement of earnings for the month of June and
pointed out that on the lines directly operated both
East and West of Pittsburgh a gain in gross earnings
of $2,596,600 has been attended by a loss of $481,200 in
net, owing to the tremendous augmentation in the
expenses. It only remains to add here that this
follows $2,239,100 increase in gross and $600,000 in
crease in net in June last year. In 1908, however,
there had been a loss of no less than $4,482,300 in
gross and of $620,100 in net. In the following we
furnish a six-year comparison of the earnings of the
Eastern lines—being the only portion of the system
for which we have the data for such a comparison.
Lines East o]
Pittsburgh.
1910.
1901).
1
1908.
1907.
1906.
1905.
8
8
$
8
S
June.
S
Gross earnings 13.757,087 12,580,687 11,313,187 14,035,487 12,360,787 11,408,087
Oper’g expens’s 10,169,883 8,500,283 7,621,483 9,632,983 8,389,983 7,810,983
Net earnings
3,587,204
4,080,401
3,691,704
4,402,501
3,970,804
3,597,104
Jan. 1 to June 30.
Gross earnings 80,123,949 70,142,949 64,023,149 79,141,549 69,826,849 61,074,849
Oper’g expens's 59,692,603 51,753,903 47,758,103 59,109,503 50,289,703 40,311,503
Net earnings 20,731,346 18,389,040 16,264,746 19,972,046 19,537,146 15,603,346
The August 1 settlements have entailed a drain
upon the Central banks of Europe and have imparted
firmness to foreign discount rates. At London the
exportation of gold (referred to in detail in the next
paragraph), together with heavy shipments to the
interior, has contributed to bring about a loss of
$10,445,000 in the Bank of England's total reserve,
while the imminence of Treasury financing—$15,
000,000 six months’ bills will be issued next Thursday
__is having an influence upon money rates. The
charge for accepting sixty-day spot bills is now 2% %
and for ninety-day bills 2 5-16%, while bills to arrive
are % of 1% higher. The Bank of France reports
a loss of $1,825,000 in its gold on hand, an increase
of $31,355,000 in bills discounted and an expansion
of $33,000,000 in its note circulation; money, however,
is so plentiful in Paris that bills are still negotiable
at 2% . The Imperial Bank of Germany issued its
weekly statement on the first day of the month,
and it consequently reflected the full strain involved
by the month-end settlements; cash on hand fell
$19,928,000 (including $11,755,000 in gold) and
there were increases of $19,500,000 in discounts,
$6,190,000 in loans and $20,889,000 in note circulation,
a showing that has led to an advance in discounts to
3Y%% for spot bills and 3)4% for bills to arrive. At
A u g . G 1910.)
THE CHRONICLE
Amsterdam the charge was on Friday raised to
4 % % , whereas it had been hoped that the tension at
that centre would have relaxed before now. Brussels
again quotes 2% % . There were no changes this
week in any official rates abroad, nor docs it appear
likely that any reductions will be made at the principal
cities during the remainder of the summer, notwith
standing that money is unusually plentiful, both in
Britain and at nearly every point on the Continent.
The Bank of England is not only failing to augment
its stock of specie by purchases in the open market,
but is losing reserve at a rate which, if continued, can
scarcely fail to bring about a more material advance in
private discounts and, in all probability, a rise in the
price of gold. Of the total offering of $4,500,000 new
South African bars on Tuesday— Monday, August 1,
was a bank holiday— New York bankers purchased
$3,750,000 at 77s. 934d., an advance of
per
ounce, the remainder going to India and the Con
tinent. On the same day $1,675,000 gold was with
drawn from the Bank for shipment to South America
on German account; this metal, presumably, was
secured recently in the open market by Berlin and
simply deposited with the Bank of England pending
shipment. Thursday’s weekly statement disclosed
a total decrease in reserve of £2,089,300, but this
was partly offset by a curtailment of £ 555,100 in loans,
a decrease of £137,150 in Government deposits and
a loss of £2,493,010 in other deposits. According
to our special cable from London the loss in bullion
during the week amounted to £1,042,576, leaving on
hand at the close of the week £39,010,747. This
brought the ratio of reserve to liabilities down from
51.29% last week to 49.99% this week. Our cor
respondent further advises us that the loss by the
Bank was made up largely of shipments to the interior
of Great Britain, although there was also a considerable
export to South America. The details of the move
ment into and out of the Bank were as follows: Imports,
nil] exports, £340,000 to South America and shipments
of £1,303,000 net to the interior of Great Britain.
The remarkable increase in the surplus reserve car
ried by the New York Clearing-House banks as re
ported last Saturday— the average surplus reached
$48,511,925 and the actual surplus $47,226,900—has
not been followed this week by any pronounced anxiety
on the part of financial institutions to release funds,
either on Stock Exchange collateral or mercantile bills.
As a matter of fact, a spirit of caution still permeates
the local banking community, notwithstanding the
continued inflow of foreign gold, the receipt of substan
tial sums on balance from the Government, moderate
gains of currency from interior points, stagnation in
stock speculation and diminished demands for com
mercial purposes. On three days this week call loans
have been obtained at 1 % , yet lenders did not strive
to place money on time by granting concessions from
the ruling rates. No satisfactory explanation is prof
fered for the extreme conservatism manifested; in
deed, suggestions that further disturbances from the
stock market are apparently expected, are met with
emphatic denials and with assurances that all the dan
ger spots have been removed. Yet the fact remains
that loans to carry over the year are not usually pro
curable under 5% , while very few commercial bills,
even of unimpeachable quality, are negotiable at 534%
303
a rare circumstance in a 1 @ 134 % call money market.
The firmness in time money rates is all the more re
markable in view of the meagreness of the demand.
The detailed range for time loans at the close of the
week is as follows: Sixty days 3 @ 3 3 4 % ; ninety days,
3 % @ 4 % ; four months, 4 @ 4 3 4 % > and five months
47
A@o%- The inquiry is chiefly for the last-named
period, as it now carries into January. Call money is
in very large supply. Since Tuesday the maximum
quotation has been only 1^4% , against 2 % on the two
previous days, 234 % last week, an average rate in the
previous week of 234 % and a maximum of 3 % the
week before. On Tuesday,Thursday and yesterday as
low as 1 % was named, while the average rate for the
week has been 134 % . Yesterday the range was 1 @
1M % > with 134% quoted at the close. Some very
choice commercial paper is on offer, but the absorp
tion is very slow. Local institutions are buying spar
ingly and Western banks, as well as those in New Eng
land, are finding other profitable uses for the bulk of
their available resources. Prime four to six months
single-name bills are quoted 534 to 6 % and less desira
ble names 634 to 6 3 4 % . Sixty to ninety days’ en
dorsed bills receivable are quoted 534 to 5 2 4 % .
Foreign exchange has advanced 34c- per pound
sterling this week, but rates are still on a level that
admits of importing new gold from London. The
strength manifested during the last few days has cre
ated mild surprise among a good many operators, who
had calculated that the offerings of bills drawn against
bonds placed in Paris some time ago, the recent output
of stock bills, the appearance of cotton bills drawn in
advance by several large houses, as well as a sprinkling
of grain bills, would serve to depress the market.
The
inquiry did not arise in connection with the Aug. 1 re
quirements, as it was in the second half of the week that
quotations advanced sharply. Firmness in London
discounts, following the poor weekly bank statement,
was, of course, an influence, besides which European
purchases of American stocks, which had been pro
gressing on a fairly large scale, ceased. Locally, a
slightly easier tone developed in the time money mar
ket, while call loans fell to a minimum of 1 % , with the
ruling rate only 134% - The upward movement in
exchange has not been so marked as to cause experts
to revise their views on the outlook; a majority still
firmly believe that low rates will prevail throughout
the autumn. It is claimed that our floating indebted
ness to Europe is unusually light, that few loans are
maturing, that exports of cotton will shortly be an
important influence, that farmers will be obliged to
market promptly a portion of their grain crop, owing
to the stricter attitude adopted by banks, and that ex
ports of manufactures are likely to be stimulated by
the recession in domestic demand. All this, however,
might easily be offset in the exchange market by any
incident or accident having the effect of inducing Euro
pean holders of our securities to throw them upon the
market in large volume, and in the present state of our
agriculture, our politics and our legal problems, the
possibility of mishap is kept in mind.
Operators are
showing great caution, so that the daily transactions
are by no means heavy.
Lazard Freres bought $3,250,000 new gold in Lon
don on Tuesday while L. Von Hoffman & Co. an
nounced the engagement of $500,000.
THE CHRONICLE
304
Compared with Friday of last week, sterling ex
change on Saturday was little changed, the rates
being 4 8360@4 8365 for 60 days, 4 8555@4 8560
for demand and 4 8575@4 8580 for cable transfers.
There was a sharp decline for all classes of remittance
at the opening of the week, 60 days being quoted
4 83% , demand 4 8530 and cable transfers 4 8555.
On Tuesday the undertone was again weak for demand
and cable transfers, the former closing five points
and the latter ten points lower. A recovery of five
points in 60 days and demand was recorded on
Wednesday, while cable transfers closed at 4 8555 @
4 8560. On Thursday an advance in discount rates in
London and the publication of a weaker Bank of
England statement helped to cause a rise in demand
to 4 8540 @ 4 8545 and in cable transfers to 4 8560 @
4 8570. On Friday demand was wanted at 8 45%
and cable transfers were not available at 4 85% at
the close.
The following shows the daily posted rates for
sterling exchange by some of the leading drawers.
M on., Tucs.,
F r i.,
Wed., Thurs., F ri.,
July 29. Aug. 1. Aug. 2. Aug. 3. Aug. 4. Aug. 5.
160 days
Brown
Bros. & C o--------- --\ S lg h t..
J60 days
Kidder, Peabody & C o--------- ..\ S lg h t. _
j 60 days
Bank of British
North America . . . .I S I g h t - .
i 60 days
Bank of
M ontreal................ . -IS I g h t..
160 days
Canadian Bank
of Com m erce------ ..I S I g h t ..
160 days
H eldelbach, Ickelhelmer & C o-------- . . \Slght..
j 60 days
Lazard
Freres ............... - ..I S I g h t ..
i 60 days
Merchants’ Bank
of Canada............. ..\ S lg h t -.
4
1
4
4
1
4
4
4
4
1
4
4
4
4
4
4
84 Vi
86 Vi
84 %
86 Vi
84 vi
86 Vi
N4V$
86 Vi
84 Vi
86 Vi
84 Vi
86 Vi
84
86
85 Vi
86 Vi
84 Vi
86 Vi
84
86
84 Vi
86 Vi
84 Vi
87
84 ^
86 Vi
84 Vi
86 Vi
84
86
84 Vi
86 Vi
84 Vi
86 Vi
84
86
84 Vi
86 Vi
84
87
84 Vi
86 Vi
84
86
84
86
84 Vi
86 Vi
84 Vi
86 Vi
84
86
84 Vi
86 Vi
84
87
84 Vi
86 Vi
84
80
84
86
84 Vi
86 Vi
84 Vi
86 Vi
84
86
84 Vi
86 Vi
84
87
84 Vi
80 Vi
84
86
84
80
84 Vi
8GVi
84 Vi
86 Vi
84
86
84 Vi
80 Vi
84 Vi
86 Vi
84 Vi
80 Vi
84
86
84
86
84 Vi
86 Vi
The market closed on Friday at 4 8350@4 8360 for
60 days, 4 8550@4 8560 for demand and 4 8575@
4 8585 for cables. Commercial on banks was quoted
at 4 83 @ 4 83% and documents for payment 4 82%
@ 4 83. Cotton for payment ranged from 4 82% @
4 82% , grain for payment from 4 83@4 83%.
The following gives the week’s movement of money
to and from the interior by the New York banks.
Week ending Aug. 5 1910.
Received by
Shipped by
N . Y . Banks. (V. Y . Banks.
Net Interior
Movement.
Gold ..................- .................................. -
$9,745,000
2,647,000
$2,647,000 Gain $7,098,000
527,000 Gain
2,120,000
Total gold and legal tenders..........
$12,392,000
S3,174,000 Gain S9,218,000
With the Sub-Treasury operations and gold im
ports the result is as follows.
Week ending Aug. 5 1910.
Out o f
Banks.
Into
Banks.
Net Change in
Bank Holdings.
Banks’ Interior movement, as above.
Sub-Treas. oper. and gold Im ports..
$12,392,000
37,200,000
$3,174,000 Gain $9,218,000
29,000,000 Gain
8,200,000
Total gold and legal tenders...........
$49,592,000
$32,174,000 Gain $17,418,000
The following table indicates the amount of bullion
in the principal European banks.
Aug. 5 1909.
Aug. 4 1910.
Banks o f
Silver.
E n gla n d ..
F r a n c o ...
Germany..
Russia a . .
Aus.-Hunb
S p a in ____
Italy d . . .
Netherl’ds
Nat.BcIg.d
Sweden . .
Swltzerl’d.
N orw a y . .
Total week
Frev. week
34.434,
13,545,
8,642,
12,930,
31, 268,
3,703,
2,127,
2,496,
Total.
Gold.
£
£
,016,747
,791,920
,091,400
,453,000
,301,000
,551,000
,503,000
.370,900
,488,000
,449,000
,996,000
,974,000
Silver.
Total.
£
38,574,280
38.574,280
147,935,560 36,028,24( 183,963,800
40,433,200 12,940,551 53,373,750
8,819,001 125.695.000
116,876,000
56.612.000 12,643.001 69.255.000
16.002.000 32,135,000 48.137.000
38.417.000
4.532.000 42.949.000
10.534.000 3,820,800 14,354,800
4.236.000 2.118.000 6.354.000
4.379.000
4.379.000
4,769,400
4,769,400
1.697.000
1.697.000
109,134,430 600,985,967 480,465,440 113,036,590 593,502.030
110,755,550 606,832,073 483,445,546 113,718,623 597,164,169
a The total of gold In the Bank o f Russia Includes the balance held abroad—
that Is, the amount held for Russian account In other Continental banks. The
proportion so held, and consequently duplicated In the above statement, Is about
one-sixth o f the total this year, against about one-eighth a year ago.
b The Austro-Hungarian Bank statement Is now Issued In Kronen and Heller
Instead o f Gulden and Krentzer. The reduction of the former currency to Sterling
Pounds was by considering the Gulden to have the value of 80 cents. As the Kronen
has really no greater value than 20 cents, our cable correspondent In London, in
order to reduce Kronen to Pounds, has altered the basis of conversion b y dividing
the amount of Kronen by 24 Instead of 20.
d The division (between gold and silver) given In our table of coin and bullion
In the Banks of Italy and Belgium Is made from the best estimates we are able to
obtain: It Is not claimed to be accurate, as the banks make no distinction In their
weekly returns, merely reporting the total gold and sliver; but we believe the dtvtston
we make Is a close approximation.
[V O L . L X X X X I .
THE SUFFRAGE PROBLEM IN ENGLAND.
The fortnight or so which has elapsed, since the
singular vote of July 12 in the British Parliament on
the bill for woman suffrage, has served on the whole
to throw into more confusion than before the ultimate
prospects of that legislation. It has not been possible,
either from the comment of the English press or from
the review of the circumstances of the vote, to reach
a satisfactory conclusion as to what the incident really
signifies.
That the House of Commons, by a vote of 299 to
190, passed to a second reading the Shackleton bill to
admit, under certain property qualifications, about one
million women to the Parliamentary suffrage, appears
on its face to be a notable achievement for the suffrage
campaign. But the circumstances of the vote were
most peculiar. It was marked, in the first place, by
complete disintegration of party lines. The Ministry
itself broke apart in its individual votes. The Prime
Minister, Mr. Winston Churchill, and Mr. LloydGeorge cast their votes against the bill; Mr. Haldane
and Sir Edward Grey voted for it. Mr. Balfour, the
leader of the Opposition, and Lord Hugh Cecil, who
have agreed on very few other contested points, united
in supporting the Shackleton measure; Mr. Austen
Chamberlain and two other of the strongest members
of the Opposition voted against it. It was supported
by 161 liberals and 87 conservatives, and opposed by
60 liberals and 113 conservatives, the Irish nationalists
being almost equally divided and the labor vote
mostly in its favor.
Even among those who favored the bill, the grounds
for supporting it differed radically, and the same thing
was true of those who opposed it. The plan of
woman suffrage limited by property qualifications
was approved by some members of both parties
because it would not admit to the vote the lower
classes of women, and was opposed by others for
exactly the same reason. Mr. Asquith took ground
against the bill because it was too radical an innova
tion in the scheme of popular government; Mr.
Lloyd-George and Mr. Churchill voted with him
because the plan was not radical enough. It is difficult
to infer, from so ccoifused a state of Parliamentary
opinion, what the real political drift actually is. Nor
are the prospects of the bill rendered any more clear
by the well-known fact that Parliament itself, what
ever its members’ individual opinions, is absolutely in
the dark as to what the present voting constituency
wishes. The English people have had no opportunity
of passing any formal judgment on the matter. It is
uncertain even what the women of England want. It
will be argued, no doubt, that the animated canvass
which the “ suffragettes” have carried on during
several years indicates strong convictions throughout
the ranks of women. But every one familiar with
political movements is aware that an aggressive cam
paign of the sort will cut a much larger figure in the
public eye than the necessarily more or less passive
campaign of opposition. There are anti-suffrage
leagues among the English women as well as suffrage
leagues; but in the nature of things their voice will not
be heard in the same degree. Indeed, one admitted
obstacle of the Organized anti-suffrage movement has
been that many women, especially among those of
standing in the community, refuse to allow the use
A ug. C
1010. |
THE CHRONICLE
of their names on the ground that their objection to
the whole scheme lay in their dislike of participation
by women in politics; and that to engage in an aggres
sive campaign against the suffrage movement would
itself be inconsistent with their principles.
And to this must certainly be added the fact that
Parliament, by its own supplementary action, dis
played a strong desire to get rid of the whole subject,
for the time being, at any rate. Having cast a
majority of 109 for the second reading of the bill, the
House of Commons, instead of carrying the measure
forward on the calendar at once, threw it back by a
majority of 145 to the Committee of the Whole, which
apparently postpones its consideration indefinitely;
and in the vote for such disposition of the bill, 176
conservatives and 124 liberals were found in the
majority, opposed by only 29 conservatives and 101
liberals.
It may, however, be fairly assumed that, since this is
the first occasion when a woman-suffrage bill has been
formally approved, even to the extent of a second
reading in Parliament, one inevitable sequel will be
a thorough-going discussion of the plan before the next
Parliament convenes. Such discussion has up to the
present time been conspicuously lacking. The demon
strations of the ardent suffragettes around the Houses
of Parliament, the so-called “ hunger strikes/’ and, in
particular, the episode of the women who chained
themselves to the grating of the visitors’ gallery in
the House of Commons in order to prevent their own
removal, have excited at least as much ridicule as
approval. Here in America, at all events, one is
strongly tempted to believe that such tactics would
have destroyed at once and permanently all prospects
for the legislation desired. It is not by demonstra
tions of this sort that any such measure can be forced
into law; it is by thorough and serious discussion of
the principles involved.
In general, it may be said that the more thoughtful
reviews of the question which have advocated the
granting of the suffrage to women have based their
arguments on the fundamental unfairness of depriving
so large a portion of the community of a share in
government. More particularly, the old argument
that taxation without representation is tyranny has
been greatly emphasized, and stress has also been laid
on the fact that, without a voice in legislation, women
could never be sure of being protected against laws
which should discriminate unequally between the sexes.
The arguments on the other side have perhaps been
summed up as concisely as anywhere else by Prof.
Dicey, in an article of some months ago in the “ Quar
terly Review.” Briefly summed up, Prof. Dicey’s
opposition to the woman-suffrage plan was based, first,
on the fact that the voting privilege is not an “ innate
right,” even to the male population as a whole; that
there is no inequality in taxation, because no woman in
England is taxed where a man is not taxed under the
same conditions, and that, as John Bright asserted
many years ago, “ women arc not a class.” That the
old law was in many respects unfair to married
women in the matter of porperty, Prof. Dicey admits,
but he contends that since the revision of the Married
Woman’s Property Act, between 1870 and 1882, every
reasonable grievance of which a married woman had
the right to complain in respect to her property has
been removed.
305
Going a step further, into what is possibly more
debatable ground, Prof. Dicey argues that lack of
emotionalism and firmness of purpose have been the
mainstay of British constitutionalism, and contends
that there could be no assurance of their continuance in
the electorate in the face of so radical an experiment
as is now proposed. That the suffrage is not desired
by women as a whole, whereas the extension of the
suffrage under the reform acts in the middle of the
past century was certainly demanded by the entire
constituency which would have been represented, is
also emphasized, and reference is made, on the same
lines as were employed by the Prime Minister in his
debate on the recent bill, to the inconsistency of con
ceding the right of women to the Parliamentary
suffrage while still even tacitly questioning their right
to Parliamentary representation, Cabinet membership
and administrative office.
Both for and against the principle of the recent
bill, much will be heard on these and similar lines during
the next year or so. That so fundamental and farreaching a change in the British Constitution should be
made without more serious deliberation than has yet
been had, and without better knowledge of the
constituency’s own wishes, was hardly to be imagined
in a country so noted for its conservatism in political
action as England. Perhaps it might be added that
a project for doubling the number of English electors,
with a minimum of knowledge regarding the probable
political consequences of such an act, would be at least
a venturesome move at a moment -when so many
political issues of the first magnitude are hanging in
England on the decision of the electorate.
As time goes on, it is not improbable that these
arguments will gain the greater hearing. The limita
tion of the power of the Lords, decision on the extent
to which socialistic measures shall be approved as a
part of British governmental practice, the problem
of protection or free trade, and the general question
of imperial administration, are all of them problems
on which the electorate must give the ultimate decision
during the next few years. Whether so revolutionary
a change in the composition of the electorate would or
would not be a dangerous experiment at just this
juncture—especially when no human being can be
sure what would be the effect of such changes on
the important public problems before the people—is
the question on which Parliament and the present
British electorate must reach some decision before the
next session.
IMMIGRATION AND EMIGRATION IN 1909-10.
The statistics of immigration for the fiscal year
1909-10 issued this week 'by the U. S. Government
furnish evidence that in this period of twelve months
there was a return to normal conditions in the in
dustrial affairs of the United States. It is true, of
course, that the movement of aliens into the country
in the latest fiscal year was appreciably less than in
1906-07, when the demand here for an increased
labor force seemed insatiable; nor does the total quite
come up to that of 1905-06; but with those exceptions
the arrivals in no year have been as large as in 1909-10.
Moreover only in 1906-07 was the net gain in foreign
born population (after allowing for the departure of
aliens) greater than in the fiscal year lately closed.
306
THE CHRONICLE
In order to understand the changes in the immigra
tion movement from year to year, it is necessary to
contemplate the changes in trade conditions in the
United States in the same time. From a period of
practically unexampled prosperity, we were plunged
in the fall of 1907 into depression and inactivity.
Immigration, which for many months had been pro
ceeding along record lines, fell off decidedly, and by the
middle of November 1907 departures of aliens from
the country exceeded arrivals, and so continued
month by month until the close of August 1908. In
the meantime conditions here were beginning to im
prove, and when that fact became known abroad the
tide turned in this direction again and, gradually
gaining force, has lately been on a very exceptional
scale once more. At the moment, of course, all of our
industries are not in a flourishing conditio', but
where such is the case it is due to a special rather than
any general influence. Cotton manufacturing, for
instance, is rather inactive, but that, as is well known,
is due to abnormally high prices for the raw material.
On the other hand, railroad earnings keep increasing,
building operations are comparatively active and bank
clearings, where unaffected by speculative transac
tions, indicate a volume of business clearly in excess
of earlier years.
It seems that the number of immigrants admitted
into the country during the last month of the fiscal
year (June), at 105,025, while less than in May,.com
pares with only 85,470 in June 1909 and 31,947 in
1908. Contrasted with 1907, when 154,734 immi
grant aliens came in, there is, of course, a large loss.
For the six months of the calendar year 1910 the in
flow reached 618,588, against 534,123 for the like
period of the previous year, only 192,656 in 1908,
and the record aggregate of 743,952 in 1907. And for
the full fiscal year 1909-10 (July 1 1909 to June 30
1910, inclusive), the movement was 1,041,570, com
paring with 751,786 in 1908-09 (the smallest total since
1901-02) and 782,870 in 1907-08. The previous year,
1906-07, gave the high-water mark of immigration—
1,285,349.
.
Turning to the details of the immigration state
ment we find that, as for a number of years past,
arrivals from Italy exceed largely those from any
other country, making up over one-fifth of the grand
aggregate. At the same time, the inflow from that
country, while greater than in 1908-09, falls below
the totals for several earlier years. Austro-Hun
garians, also a very important part of the immigration
movement, show a gain over a year ago, but a loss
from some former years, and the same is true of He
brews. The most noticeable increase recorded this
year is in the inflow of Poles, which advanced from
77,565 to 128,348; the latter figure, however, was
exceeded by 9,685 in 1906-07. Immigration from
Mexico, although in no sense large, has increased very
materially in the last two or three years. The Dutch,
French, English, German, Scotch and Scandinavian
immigration, furthermore, is showing considerable aug
mentation. This is cause for gratification, as it is
from those nationalities that a higher, or skilled,
class of labor is obtained.
Aside from immigrant aliens, to whom the above
remarks apply, there is of course also a movement of
non-immigrant aliens— those returning from visits
abroad. In June 1910 the non-immigrant influx was
[V O L . L X X X X I.
10,768, against 15,072 in the month of 1909 and 9,147
in 1908; for the six months it reached 75,506 and 103,
947 and 58,764 respectively, and for the fiscal years
was 156,467 and 192,449 and 141,825. With these
non-immigrants included, therefore, we have an aggre
gate inflow of aliens in June 1910 of 115,793, against
100,542 in 1909 and only 41,094 in 1908; the six
months' total reached 694,094, comparing with 638,
070 and 251,420 respectively and for the fiscal year
the aggregate was 1,198,037, against 944,235 in
1908-09 and 924,695 in 1907-08.
Against this inward movement there is a steady flow
of departures from the United States, varying with
the season of year or prevailing industrial conditions.
In 1909-10 and 1908-09 this outward movement was
of average proportions, but in 1907-08, with depression
prevailing here, it was the heaviest for any year in
our history. The June outflow this year was approxi
mately 37,000, with the six months’ total 182,708,
and the fiscal year 1909-10 aggregate 378,559, these
contrasting with 32,274 and 143,490 and 400,392 for
the respective intervals in 1908-09 and 60,482 and
341,881 and 714,828 in 1907-08. Making due allow
ance for these departures we learn that there was a
net increase in our foreign-born population of 78,793
in June 1910 and 68,268 in June 1909, against a loss
of 19,388 in 1908; the result for the first six months of
the current calendar year was a gain of 511,386
against 494,580 in 1909 and a loss of 90,461 in 1908,
and the outcome for the fiscal year 1909-10 was an
augmentation of 819,478, which compares with a like
net movement of 543,843 in 1908-09 and only 209,867
in 1907-08. In 1906-07, the record year, the excess of
arrivals over departures was for the six months no
less than 662,193 and for the 12 months reached
1,093,480.
BUILDING SUBWAYS B Y ASSESSMENT.
We have received the following communication from
the Secretary of the City Club of New York, taking
issue with some of the statements contained in the
article under the above caption in our paper of July 23.
To our thinking there is nothing in this letter which
requires modification of what was said in the article
referred to, nor is there anything in it that impairs
our general conclusion that the building of subways
or other rapid transit lines by assessments on the prop
erty benefited would be a menace both to the city at
large and to the particular property holders who would
be called upon to pay for the cost of building and
equipping such lines. We print the communication,
however, in full, in order that the reader may see wha
the advocates of the scheme are able to say in its
behalf. Here is the letter:
E X E C U T IV E OFFICES
T he City Cuun
of
Ne w Y o r k ,
55 West Forty-Fourth Street
A u gu st
3 1910.
T o th e E d i t o r C o m m e r c ia l a n d F i n a n c i a l C h r o n ic l e .
S i r :—In a memorandum, dated October 2 1908, and ad
dressed to the Public Service Commission and to the Board
of Estimate of New York City, the City Club demonstrates
the feasibility of constructing subway connections in out
lying districts by assessment upon the property benefited.
Hence we have read with interest your editorial of July 23
1910 entitled “ Building Subways by Assessment.”
The title of our memorandum above referred to is “ Build
ing of Rapid Transit Lines in New York City by Assessment
THE CHRONICLE
A u g . 6 1910. j
307
upon Property Benefited.” It seems unfortunate that the
It will at once be seen that the writer of the forego
author of your editorial did not have this title in his mind, ing is not discussing the same thing we were discussing.
for your conclusions in re ability of the taxpayer to pay are
invalidated by (1) your assumption that he must pay for a He is arguing in favor of elevated structures, while we
covered subway instead of a connecting rapid transit line; dealt with the cost of the construction and equipment
(2) by your failure to consider, on the credit side of the col ol subway routes. A t the hearing last April before the
umn, the enhanced value of the taxpayer’s property; special committee of the Board of Estimate, when pe
and (3) by your failure to distinguish the cases to which titions were submitted for the building of new rapid
even its friends do not propose to apply the assessment
transit routes which would involve an aggregate ex
principle.
1.
You assume that assessment rapid transit routespenditure of over 1,000 million dollars, the demand
would be covered subways costing $1,500,000 per mile. was almost exclusively for subway construction.
Those who evolved the assessment plan contemplated that Some of the petitioners did declare that they would be
all trunk subways would be built by general taxation, while satisfied with an elevated road if they could not get a
the extensions should be paid for by assessment. These ex
tensions in nearly every case would be either in the form of subway, but on the whole there was very little refer
elevated structures or “open cut” roads, either of which ence to elevated structures, and, indeed, public sen
costs approximately $500,000 a mile for a two-track road, timent, even in the outlying suburbs, is opposed to
or one-third of your estimate. The two roads thus far peti the building of elevated roads as being unsightly, and
tioned for, to be constructed by assessment, are designed to be avoided if possible.
to be built in either one of these two forms, and would cost
Elevated structures, of course, are less expensive
per mile about the figure named. The construction cost to
be assessed would be, therefore, not the $150 per lot of your than subways, and accordingly our critic gets lower
figures, which is the only object he has in view, since
article, but $50 per lot.
As for the argument that work done under public auspices he wants to demonstrate the feasibility of the building
has “ a habit of running up until . . . the aggregate of rapid transit lines by assessment. As he is thus
cost is found to be two or three times the original figures,”
it is not true as to work done by the Public Service Com arguing from such a totally different standpoint, we
mission. The estimate of the Public Service Commission, might dismiss his remarks without further comment.
made in 1908, for the six sections of the Fourth Avenue \Yc deem it important, however, to point out that his
Subway now under contract was $16,100,000, and the con estimates of the cost of building elevated roads are
tracts let aggregate $15,996,000. The Board of Additional apparently much too small, vitiating to that extent
Water Supply has done at least $50,000,000 of its work
within its original estimates. As a matter of fact, a sub his computations and deductions. He gives the cost
stantial part of the cost of the rock tunnel under the Borough of elevated structures at $500,000 a mile for a two-track
road. On Nov. 29 last, Edward M. Bassett, one of
of Manhattan will be paid out of money saved.
Instead of the cost of equipment equaling the cost of the members of the Public Service Commission, made
construction, it cost, in the present subway, only 50% of a speech at a meeting of the various civic bodies of the
the cost of construction, namely about $25,000,000. This
includes a power house capable of furnishing power for a first three wards of Queens, held at Schuetzen Park,
greatly enlarged subway and equipment for the most con Astoria. In this, speaking of the cost of rapid transit
gested traffic in the world. Equipment for an assessment routes, he said: “ A subway with two tracks will cost
rapid transit connection to any subway ought not to cost $1,500,000 a mile, while an elevated road will cost
more than $500,000 a mile, at least until population j ust about half that.' ’ W e are quoting trom the account
equaled subway capacity. The total cost would there
fore be about $1,000,000 per mile, instead of $3,000,000, of the speech given in the “ Flushing Evening Journal”
and the assessment per lot $100 on the average instead of Tuesday, Nov. 30 1909, as reprinted in a circular
of $300.
which the advocates of the assessment plan took occa
2. You state that many so-called suburban lots in the sion to distribute at the time. Mr. Bassett in this in
city arc not worth more than $500, and you fail to add any stance, too, was arguing in favor of elevated roads for
increment on the furnishing of rapid transit facilities. Even
in transitless Queens Borough it is difficult to purchase a Queens Borough, and hence would not be inclined to
lot for $500. Construct a subway connection and realty overstate the figures. It will be observed that he did
values immediately at least double. For proof thereof, we not say that the cost of elevated roads would be oneenclose copy of our memorandum, already referred to, show third of $1,500,000, which would have given the $500,
ing rise in realty values following construction of present 000 a mile taken by our correspondent, but said the
subway.
3. The advocates of assessment-built subway connections cost would be “ just about half” $1,500,000, making
do not urge its application to districts already served by even the amount $750,000 per mile. Thus, 5 0 % will have
to be added to our correspondent’s estimate of $500,000
fairly adequate existing rapid transit routes.
As regards the operation of these roads, it is dependent a mile, and all his computations increased in like ratio.
upon a connection with a trunk line through a populous
He also thinks that our estimate of the cost of equip
district, and affords an opportunity for earlier extension
ment— the cars, the motive power, the power houses,
than if the public had to wait until a new congestion made
such an extension by private capital a source of inordinate wires,boilers, engines, & c.,& c.,— wastoo high, and says
profit.
that in the present subway the cost of equipment was
As regards the assessment bonds, there arc more im only 5 0 % of the cost of construction, that is about
portant defects probably than those pointed out in your $25,000,000. But the reason why the cost of equip
article. To our belief they can be remedied. But even if
assessment bonds of the ordinary type had to be issued, it ment in this instance has been only 5 0 % of the cost
would not in the least hurt the principle of “ assessment of construction is perfectly plain. The present sub
subways.” It would merely slow up the process of building way includes several stretches of road where construc
subways. The important point is that p r o p erty en h a n ced tion cost was several times the $1,500,000 per mile
in v a lu e by the e x te n sio n to it o f a ra p id tra n sit su bw a y c o n
n ectio n sh ou ld p a y f o r the con stru ction o f the lin e to the exten t
that the in cre a sed v a lu e w arrants it, in stea d o f
in crea sed va lu e as a p resen t f r o m the c ity .
receiving such
,
Yours truly,
taken by us in the computations in our article. For
instance, the 2}/> mile extension to Brooklyn cost
$15,000*000, or no less than 80,000,000 per mile. Actu
ally, the Interborough Rapid Transit Co. has spent about
R obert S. B in k e r d ,
S e creta ry , C ity C lu b.
30 million dollars for equipment to date, while the city
has issued (roughly) 850,000,000 bonds to build the
THE CHRONICLE
308 ]
[V O L . L X X X X I .
probably, than those pointed out in your article."
W e do not agree with his further statement that these
more.
In our article we pointed out that work done by defects can be remedied. But it is not needful to
Government is always more expensive than when done enter upon a discussion of that point at this time.
W e admit that in our article we did not take into
by private parties under the stimulus of self interest,
consideration
the probable enhancement of the value
and that estimates have a habit of rapidly running up.
of
the
taxpayer’s
property. W e did this purposely.
W e are told in the above letter that this “ is not true
To
the
real
estate
speculator and the land boomer,
as to work done by the Public Service Commission,"
the
possibility
of
an
increase in land values is the only
that “ the estimate of the Public Service Commission,
argument
that
appeals;
but to the ordinary house
made in 1908, for the six sections of the Fourth Avenue
holder
the
situation
is
different.
He goes into the
subway, now under contract, was $10,100,000, and
road and the company has itself spent $12,000,000
the contracts let aggregate $15,990,000."
It will be
suburbs to get air and light and ample room and healthy
time enough to talk of the estimates of the Public Ser surroundings. He is seeking a permanent home. He
vice Commission having been within the mark when knows that his property will appreciate in value in
the work on this Fourth Avenue Subway has been ac any event, but he docs not want to sell until after the
tually completed and the road is ready for operation. lapse of years. If his property rises in value, his taxes
A t present only a beginning has yet been made. As are also sure to rise. Indeed, assessed values are often
pointed out in our previous article, the Brooklyn marked up long in advance of the building of the con
“ Daily Eagle," which has good sources of information, templated subway, and the taxpayer is hence obliged
in its issue of March 8 last asserted that additional to pay increased taxes years before the new trans
private property would have to be acquired to facili portation facilities are provided. That has been con
tate the construction and operation of the proposed spicuously true in the case of property along the line
subway, and that this would add many millions to its of the Coney Island extension. There, assessed values
cost. The “ Eagle" also said that, while it had been were in many instances doubled three to five years
computed that $23,000,000 would cover the cost of the
whole Fourth Avenue Subway, including the exten
ago, while it will take at least five years from the
present time, and perhaps a good deal longer, before
sions to Coney Island and Fort Hamilton, it was esti
the subway is built.
It is also well to recall again that property owners
mated now that the actual cost would be much nearer
$50,000,000 than the $23,000,000 originally counted
in the suburbs do not generally build houses on a sin
upon.
likely figure.
The Secretary of the City Club contends that “ those
gle 20-foot lot. As previously pointed out by us, the
least they have, as a rule, is three lots, giving a front
age of 60 feet, and more often they have five lots,
giving a plot of ground 100 feet square. W e showed
in our article that the assessment for building and
equipping a subway would probably amount to $300
per lot, making $1,500 for five lots. Suppose, how
ever, we assume it would be only $200 per lot (certainly
a minimum figure), then the assessment for the five
who evolved the assessment plan" contemplate ex
lots would be $ 1,000.
All that it is necessary to add on this point
is that no one with any reasonable knowledge of the
cost of such work would seriously contend that this
line to Coney Island and Fort Hamilton, together with
the land, property, privileges and easements necessary
for its construction and operation, is not to cost more
than $23,000,000; $50,000,000 seems a much more
This, distributed over ten years,
tensions by elevated structures. Ifut certainly that according to the assessment plan, would involve a pay
idea is not being followed in the case of the extensions ment of $100 each year. In addition, the property
of the Fourth Avenue line to Fort Hamilton and Coney owners’ ordinary yearly taxes have been increased—
Island. The Fort Hamilton extension is to be a sub run up, say, from $75 per year to $150. He would
way the entire distance, and so is the Coney Island ex therefore be called upon to pay altogether $250 per
tension except .as regards a veiy little piece at the year where before he had been paying only $75 per
..
# _
extreme end, where the conformation of the ground year.
In our estimation, if additional rapid transit lines
makes an elevated structure a necessity. He says
are to be provided, they should be built and equipped
do not urge its application to districts already served by private capital. In such event, the city would have
by even fairly adequate existing rapid transit routes." to run no risk of losses from operation, its credit would
If that be the position of the advocates of such schemes, not suffer, the property owner would not be called
then their ideas and desires are being strangely disre upon to pay the whole or any portion of the cost and
garded. We would refer again to the contemplated would yet get the benefit of any increase in values to
“ the advocates of assessment-built subway connections
that is the good
extensions to Fort Hamilton and Coney Island. The result from the new transit facilities,
old-fashioned
way
under
which
over
230,000
miles of
Brooklyn Rapid Transit Co. now has rapid transit
steam
railroads
have
been
built
in
the
United
States.
lines in operation to both points. Elevated trains
If
any
one
should
seriously
contend
that
building
of
on fairly good schedules are being run to the Island
over the West End line, the Sea Beach line, the Culver further new roads by private capital must now cease,
ine and the Brighton Beach line, besides which, there that the farmer must henceforth submit to assessments
are numerous trolley surface lines. Hence, on the in order to build the same, inasmuch as the value of
principle laid down by the “ advocates," there is no his land would be doubled or trebled, the suggestion
decent excuse for building the Coney Island and Fort would be laughed at. W e do not see that the situa
Hamilton subway, either on the assessment plan or tion is any different in the case of municipal subways.
If private capital cannot see any inducements to build
directly by the municipality.
W e agree with our correspondent when, in speak
such lines, certainly the municipality should not as
ing with regard to rapid transit assessment bonds,
sume the risk of providing them, either on the assess
he
ment plan or in ony other way.
says
“ there
are
more
important
defects,
309
THE CHRONICLE
A u g . 6 1910. |
RAILR O A D GROSS EAR N IN G S FOR THE H A L F
YEAR.
The compilations we present to-day covering the
gross earnings of United States railroads for the first
half of the current calendar year furnish striking
testimony to the great expansion in the railroad busi
ness in this period of time. They show that, as far
as the volume of traffic is concerned, the railroads
have had no reason to complain. Later on, when we
shall be able to present similar compilations regarding
the net earnings,it will appear that, notwithstanding
this growth in traffic and in gross receipts, there has
been a qualifying circumstance which serves to temper
materially the feeling of satisfaction that might other
wise be felt. For the fact is that, owing to the great
rise in operating cost, the profitableness of the business
has been greatly impaired. As a consequence, there
has been relatively little addition to the net, despite
W hat gives additional significance to the improve
ment the present year is that it was made in face of a
large falling off in the cotton movement over the roads
in the South. The shipments of cotton overland for
the six months of 1910 reached only 509,664 bales,
against 710,783 bales in 1909 and 681,640 bales in
1908. A t the Southern outports the deliveries were
but 1,964,066 bales, against 3,408,041 bales in 1909
and 3,043,028 bales in 1908. From the following
table it will be seen that the falling off in the deliveries
in 1910 extended to every one of the ports.
R E CE IPTS O F COTTON A T SO U T H E RN PO RT S FROM JAN . 1 TO JU NE 30
ru n s—
ly iu .
l 'J U u .
ly u o .
iu u / .
iu u u
.
iw o
G alveston____ bales. 683,311 1,191,089 1,088,886 1,603,836 805,768
903,476
Port Arthur, & c____ 107,515
232,159
82,453
104,263
49,300 177,161
New O rleaas............. 569,732
865,419
897,383
942,021
738,463 1,091.684
M o b ile_____________
73,557
131,791
107,350
82,289
69,502 104,913
Pensacola, & c...........
57,453
83,556
74,790
74,336
80,207
S9.056
S a v a n n a h _________
220,888
400,934 371,2S9
397,644 380,990 555,788
Brunswick_______
39,817
106,871
06,068
64,583
04,972
61,981
Charleston_________
23,438
61,050
35,447
30,650
27,902
43,874
Georgetown________
592
1,291
562
402
662
276
W ilm ington......... . . .
41,471
114,116
129,590
71,784 54,224
95,162
Norfolk ___________ 137,023
202,285
187,473
225,822
155,304 285,590
Newport News, & c ..
7,269
13,880
1,737
31,810
11,132
20,487
T otal........................ 1,904,066 3,408,041 3,043,028 3,629,445 2,438,426 3,429,448
In the grain movement Western roads enjoyed some
advantage by reason of larger deliveries, but the sea
board deliveries fell off. W e insert here a little table
to the gross results. While it is known that gross
to show the seaboard grain receipts, and from this it
earnings have been steadily rising, the magnitude of
appears that the aggregate for the leading cereals
the gain for the six months will, we think, nevertheless
amounted to 81,375,347 bushels in 1910, against
be a surprise to most persons. According to our
87,440,050 bushels last year.
figures, comprising an aggregate of 216,909 miles of
R E CE IPTS O FFL O U R AND G R A IN A T SE A B O A R D JA N . 1 TO JU N E 30.
Receipts o f—
1910.
1909.
1908.
1907.
1906.
road, the increase for the half-year reaches no less Flour
....................bbls. 8,317,837 7,362,156 8,412,332
9,743,742
8,081,540
than $159,453,018. The amount will be yet larger W h e a t ................b u s h ..33,713,152 33,340,796 36,758,872 42,739,714 37,058,172
the noteworthy expansion in gross receipts.
To-day, however, we shall confine ourselves entirely
when complete returns become available, especially
C o r n __________________ 22,512,796 20,638,999 25,220,82,8
Oats
...........................22,894,634 23,010,860 20,458,603
Barley
...................... 1,841,976 4,072,6.37 2,629,728
R ye _________
412,789
.376,752 1,097,450
58,270,999
28,018,671
2,656,917
1,242,702
66,701,217
41,211,387
7,244,617
828,190
Barley.
(bush.)
Rye.
(bush.) 3
as in the case of a number of large roads the June
Total grain....... .......... 81,375,347 87,440,050 86,165,481 132,929,003 153,043,583
figures are still delayed (June being the closing month
A t the Western primary markets the receipts were
of the fiscal year, when more or less adjustments are
always made), and in such instances our figures neces larger in the case of all the cereals, the aggregate
sarily cover only the five months to May 31 in both deliveries of wheat, corn, oats, barley and rye combined
being 288,194,609 bushels for the period from Jan. 1 to
years instead of the full six months. In ratio the
July 2 in 1910, against 240,090,916 bushels in the
improvement is 1 4 .54% .
corresponding period of 1909. W e annex our usual
It is almost superfluous to say that the present
table giving the details of the Western grain move
year’s increase follows a very large increase the pre
ment in the customary form.
vious year, too, though on the other hand this latter
RECE IPTS AT W ESTER N P R IM A R Y M AR K E TS.
represented nothing but a recovery from the tre
mendous loss of the year 1908. Our early compi
lation for the six months of 1909 showed an increase
of $108,137,631, or 1 1 .15% . Several weeks later we
presented more nearly complete returns, and then the
increase reached $122,730,709, or 1 1 .86% .
In 1908
the loss by our final compilations amounted to $197,
085,791, or 1 6 .65% , but the figures related to only
202,172 miles of road and we estimated that the total
falling off must have reached $235,000,000. The
gains for 1910 and 1909 combined, it will thus be seen,
greatly exceed the 1908 losses, and hence the present
year’s earnings, speaking of the roads collectively,
may be declared to be much the largest on record. In
the following we show the comparisons for the first
six months of each year back to 1897.
Mileage.
Jan. 1
to
June 30.
1897 _____
1898 .........
1899 _____
1900 .........
1 9 0 1 .........
1902 .........
1903 .........
1904 _____
1905 .........
1906 _____
1907 _____
1908 _____
1909 _____
1 9 1 0 .........
Miles.
158,295
158,775
161,166
166,701
175,371
179,065
173,655
177,673
185,912
196,571
200,352
202,172
211,536
216,909
Miles.
157,463
157,702
159,865
162,190
171.257
176,459
169,747
173,495
183,320
194,005
197,715
200,0,83
208,409
213,610
%
0.52
0.6,8
0.81
2.79
2.40
1.47
2.36
2.41
1.41
1.32
1.52
1.04
1.50
1.50
Year
Given.
Year
Preceding.
Increase
or
Decrease.
S
S
S
%
473,081,921
475,293,360
— 2,208,420 0.46
536,375,776 477,035,482 + 59,340,294 12.44
556,326,364
523,231,211 +33,095,153 6.32
613,342,613
565,393,511 + 77,949,132 13.78
704,538,792
642,321,514 + 02,217,278 9.69
749,023,005 701,088,284 + 47,334,721 0.74
847,034,318 745,087,476 + 101,946,842 13.68
794,929,168 810,131,983 — 15,202,815 1.87
910,027,258 846,375,228 + 63,652,030 7.52
1,019,355,572 922,090,020 + 126,659,552 13.72
1,185,196,030 1,050,957,670 + 134,238,354 12.77
987,005,757 1,184,091,548 — 197,085,791 10.65
1,077,855.189 969,717,558 + 108,137,631 11.15
1,255,758,276 1.090,305,228 + 159,453,048 14.54
Note.— Neither the earnings of the Mexican nor Canadian roads nor the mining
operations of the anthracite coal roads arc Included In this table.
Flour.
(bbls.)
Wheal.
(bush.)
Com.
(bush.)
Oats.
(bush.)
.3,954,977
.3,927,670
6,285,900 45,312,650 39,241,400 13,769,900
5,358,348 43,803,771 40,493,901 13,140,693
538,000
602,000
.1,453,795
.1,429,583
3,162,240
2,249,431
4,288,660
3,757,900
5,065,250
4,475,100
6,413,893
5,083,300
419,050
500,900
.1,255,990
.1,170,640
5,535,842 13,685,317
4,292,787 11,801,240
9,850,400
7,861,865
906,900
1,675,900
4,155
162,100
121,463
Ml
68,650
53,300
........
893,000
682,400
2,299,900
1,786,800
1,002,600
699,900
1 9 1 0 ............. .
1909.............. .
106,764
57,649
, 420,422
555,992
1,233,111
1,141,959
954,050
871.603
1 9 1 0 ............. .
1909............... ._
48,020
28,847
138,193
182,979
3,247,425
2,612,920
1,942,523
2,818,479
52,412
241,738
7,24 2
1 9 1 0 ............. .1,658,584
1909............... .. 933,728
321,292
323,305
8,046,368
7,504,360
6,085,862
3,679,580
1,254,912
1,616,000
199,700
171,000
1910________ .. .368,010 9,805,049
1909________ .1.327,045 5,346,992
Minneapolis—
43,506,940
1910________
29,155,780
1909...............
Kansas City--'
9,925,350
1910________
8,641,050
1909...............
612,693
666,311
4,716,865
1,163,908
3,489,135
1,393,577
314,846
35,826
4,693,121
2,860,236
6,675,708
5,148,950
9,219,458
0,735,534
870,530
655,823
9,695,850
5,330,860
1,863,900
2,789,000
.............. ............
1 9 1 0 _______
1909________
.................
______
1,000
1910............... .8,846,120 79,994,228 93,115,095 77,398,618 35,106,610 2,580,118
56.789,061 81,266,357 70,002,286 29,891.897 2,141,312
1909...............
Earnings.
Year
Year
InGiven. Prcced. cr’sc.
January 1 to
July 2.
Chicago—
1910________
1909......... ..
Milwaukee—
1910________
1909...............
St. I .o u l s —
1910...............
1909...............
The improvement in earnings continued through all
the months of the half year, and it is a remarkable
circumstance that the ratio of increase kept nearly
uniform from month to month, the range being be
tween 12.90% gain in June and 16.25% in May. This
is the more noteworthy inasmuch as in January and
February heavy snowfalls and low temperatures acted
to retard railroad traffic more or less in different
sections of the country. In May suspension of mining
in the bituminous coal regions reduced coal traffic over
many roads in the Middle and Middle Western States.
The monthly summaries are as follows:
310
THE CHRONICLE
Monthly Summaries.
Month Jan
Month Feb
1910
1910
Month Apr 1910
Month May 1910
Month June 1910
1910.
S
(740 roads)____
210,302,219
(773 r o a d s ) ............. 202,258,490
237,533,005
(750 roads)............... 225,225,596
(725 roads)
230,033,384
(253 roads)............. 143,703,054
1909.
Inc. or Dec.
$
182,649,825
174,159,723
204,916,097
196,595,911
198,049,990
127,593,822
S
+ 27,652,394
+28,098,767
+32,616,008
+ 28,629,685
+ 31,983,394
+ 16,109,232
%
15.14
16.15
15.92
14.50
16.25
12.85
In the case of the separate roads the increases have
been veiy large and also very numerous. In only one
instance has there been a decrease of any magnitude,
namely in the case of the San Pedro Los Angeles &
Salt Lake, and there the explanation is very simple;
floods washed away a portion of the road early in the
year and through traffic was not restored until June.
The table we now introduce shows all changes for the
separate roads, whether increases or decreases, for
amounts exceeding $1,000,000.
P R I N C I P A L C H A N G E S I N GROSS E A R N I N G S J A N . 1 T O J U N E 3 0 .
Increa ses.
In crea ses.
P e n n s y lv a n ia ( 3 ) ..............//$19 ,6 6 0 ,7 0 0 C leve C ln cC h ic & St L _ _ $1 ,6 7 3 ,2 4 5
B a ltim o re A O h io _______
7 ,564,783 D uluth M lssabe & N o r . .
1,649,722
S o u th e rn P a cific ( 1 1 ) ___
7 ,329,862 D u lu th & Iro n R a n g e ___
1.63 8 ,9 8 4
G rea t N o r th e r n _________
6,695,493 M inn St P & S S M ( 2 ) . _
1,599,569
U n io n P a cific ( 3 ) ________
6,26 6 ,8 8 0 R o c k Isla nd ( 4 ) _________ o l , 585,911
A tc h T o p A S a n ta F e (7)
5,112,941 L eh igh V a lle y ____ ..______ o l , 4 87 ,769
Ohio Burl A Q u in c y ____ a 4 ,775,150 W a b a s h ___________________
1,434,515
L ou isville & N a s h v ille ___
4 ,4 8 5 ,3 8 4 M ichigan C e n t r a l _______
1,397,035
N Y C en tral & H u d R iv e r 64,397,028 B o s to n & M a in e_________ o l , 329,463
C h ica g o A N orth w estern 4,36 5 ,1 5 1 S e a b o a rd A ir L in e _______
1,240,924
M issouri P a cific ( 3 ) _____
3 ,6 3 2 ,1 3 2 D en ver & R io G r a n d e .. .
1 ,240,227
L a k e S h ore & M ich S o u .
3 ,4 6 8 ,0 2 0 S t L ou is & S an Fran ( 3 ) . o l , 196,623
Illin ois C e n tr a l___________
1 ,190,978
3 ,4 1 5 ,8 4 7 D elaw are L a ck & W e s t . .
3 ,1 0 7 ,4 2 7 C h icago G reat W e s t e r n ..
N o rfo lk & W e s te r n _____
1 ,127,466
N o rth e rn P a c ific __________0 3 ,0 1 1 ,1 5 9 E lgin J o lie t & E a s t e r n ..
1,112,281
C h icago Mllvv & S t P a u l.
2 ,9 6 1 ,9 3 9 C o lo ra d o A S o u th ern ( 4 ) .
1 ,100,953
S ou th ern R a ilw a y _______
2,927,761 H o ck in g V a lle y _________ o l , 017,884
P h ila d elp h ia & R e a d in g . o 2 , 597,193
R e p re se n tin g 72 road s
P itts b u rg h A L ake E r ie .
2 ,5 0 0 ,9 7 7
N Y N ew H a v en A H a r tf 02 ,3 1 4 ,8 5 3
in o u r c o m p ila t io n .$12 9,52 5,4 54
C h esapeak e A O h io _____
2 ,1 9 4 ,6 6 7
D ecrease.
A tla n tic C oa st L in e _____
1,918,168 San P e d L o s A & S L a k e . $1,695,834
E rie ( 2 ) __________
0 1 ,798,384
N o te .— F igu res In paren th esis a fte r nam e o f ro a d In dicate n u m b e r o f
lines or c om p a n ies fo r w h ich separate returns are g iv e n In o u r co m p ila tio n .
a F igu res are fo r five m o n th s o n ly . 6 T h ese figures c o v e r m e re ly the
op e r a tio n s o f the N ew Y o r k C en tral Itself. In c lu d in g th e v a rio u s au x ilia ry
a n d co n tr o lle d r oa d s, like th e M ichigan C en tral, the L ake S h o re , th e " B i g
F o u r ,” th e “ N ick el P la t e ,” A c ., th e w h o le g o in g t o fo rm th e N ew Y o r k
■Central S ystem , the result Is a gain o f $ 1 6 ,5 0 1 ,2 4 1 .
//T h e s e figures represen t the lines d ir e ctly o p e ra te d e a st an d w est o f
P itts b u r g h , E astern lines sh o w in g $ 1 0 ,2 8 1 ,0 0 0 Increase a n d th e W estern
lines $ 9 ,3 7 9 ,7 0 0 , fo r all lines o w n e d , leased, o p e ra te d a n d controlled, the
result fo r s ix m on th s Is a gain o f $ 2 3 ,5 4 0 ,1 2 8 .
We now add our full detailed statement embracing
all roads for which it has been possible to procure or
make up the figures.
GROSS EA R N IN G S FROM JA N U A R Y I TO JU N E 30.
Name o f Road.
1910.
S
1909.
$
745,S81
1,745,041!
796,941)
0391,011l
46,982,71! !
1,059,25! !
a394.711
a511,94£i
13,918,455i
a500,938i
37,205,849i
1,422,062!
0844,727
2,432,590
0282,057
015,607,321
6730,265
3,439,597
0516,875
196,801
01,067,303
09,120,695
5,176,372
a l ,369,350
716,258
13,227,796
5,801,466
4,911,068
30,645,341
030,583,268
0543,535
4,988,811
2,547,235
022,405,029
0022.741
6,386,911
3.647,184
3,938,876
0414,885
307,084
6,991,756
0321,494
0893,958
0278,709
0276,284
9,297,367
16,327,135
9,882,047
241,224
a307,833
590,275
784,793
Alabama A Vicksburg c
831,401
Ala Great Southern.c.
2,197,0511
Ann A r b o r .c ........... ......
935,471»
Arizona A New Mexico
a402,34£i
Atch Top & S F(7 rds)c
52,095,6551
Atlanta Blrm A A t l.c .
1,278,827’
Atlanta A West Point.
a454,552!
«627,20£i
Atlantic A St Lawrence
15,836,623I
Atlantic Coast L in e.c.
Atlantic C ity..................
a544,933
44,830,632 :
Baltimore & O h lo .c .. .
1,574,859 i
Bangor A Aroostook.e
«778,2S4
Belt R y o f Chicago____
Bessemer A Lake Erie.
3,207,790
Bfrmlngham A South’n
a365,737
Boston & Maine______
al6,936,784
Buffalo A Susqueh-----6561,295
Buff R och & P it t s .c ..
4,231,406
Butte Anaconda A Pac
a505,060
Carolina Clinch A Ohio
627,975
Central New England.
a l , 246,048
Central of New Jersey.
a9,898,749
Central of G eorg ia .c..
5,747,529
Central V erm on t.........
a 1,491,860
Charleston & W C a ro ..
779,014
Chesapeake A O h lo.c.
15,422,463
Chicago A A lton . c ____
6,158.519
Chicago A East Illinois
5,731,630
Chicago & North West
35,010,492
Chicago Burl A Quincy 035,358,424
Chicago Cln & Loutsv.
a604,164
Chicago Great W est.c.
6,116,277
Chicago Ind A Loulsv c
2,937,365
Chicago MU & St Paul 025,366,068
Chicago Peo A St L __
0709,587
Chicago St P M & 0 _ .
7,304,182
Cln Ham & D a y t o n ...
4,468,583
4,636,877
Cln N O & Tex P a c.c .
0502,501
Cleve Term & V a lley..
Coal & Coke_________
366,588
Colorado A Sou (4 rds)c
8,092,709
0387,994
Colorado & W yom ing.
Colorado Midland.........
0846,228
Copper Range...............
0279,649
Cumberland & Penna.
0397,602
Delaware A H u dson ..
9,635,252
Del Lack A W estern..
17,518,113
Denver A Rio Grande c
11,122,274
Denv Northw A P a c .c .
429,097
Detroit A Tol Sh Line.
0401,923
Detroit A M ackinac.c.
630,232
Det Gr Hav A Milw__
989,031
050,515
Det Toledo A Ironton c
773,043
2,173,744
Duluth A Iron Range.
3,812,728
Duluth Mlssabe A Nor.
3.355,028
5,004,750
Duluth So Sh A A t l.c .
1,346,147
1,581,311
Eastern R y o f New Mex
0428,190
a393,960
3,559,531
Elgin Joliet A Eastern
4.671,812
Erie (2 roads) . c ......... ..
021,750,268 019,951,884
964,427
Evansv A Terre Haute
1,183,551
3,857,007
El Paso A Southw est..
3.863,784
Florida East Coast___
02,012,658
02,246,049
Fonda Johns A G lov.c
376,467
452,053
Georgia R R . c ______.".
1,271,623
1,430,158
Ga Southern A F la .c ..
1,036,499
1,130,010
Grand Trunk W e s t __
3.104,108
2,717.579
Increase ( + )
Mileage.
or
Decrease ( — ) . . 1910.
1909.
S
+ 85.52C1
+451,4091
+138,5391
+ 10,7341
+5,112,941
+219,575 i
+ 59,841
+115,2601
+1,918,168 ;
+43,995
+ 7,564,783
+ 152,797
— 66,443
+775,194
+ 83,680
+ 1,329,463
— 174,970
+791,809
— 11,815
+431,174
+ 178,745
+778,054
+ 571,157
+ 122,510
+ 63,356
+ 2,194,667
+ 357,053
+ 819,962
+ 4,3G5,151
+ 4.775,156
+ 60,629
+ 1,127,406
+390,130
+ 2,961,939
+ 86,846
+ 917,271
+ 821,399
+ 698,001
+ 87,616
+ 59,504
+ 1,100,953
+ 66,500
—47,730
+880
+ 121,318
+337.885
+ 1.190,978
+ 1,240,227
+ 187,873
+ 94,090
+39,957
+204,238
+ 122,498
+ 1,638,984
+ 1,049,722
+235.164
—34,230
+ 1,112,281
+ 1,798,384
+ 219,124
+ 6,777
+ 233,391
+ 75,580
+ 158,535
+ 100,111
+386,629
14!!
301>
301t
10J1
9,9611
67 C)
931
167'
4,460i
167
4.1981
600i
21
201
25
2,243
361
568
46
237
279
668
1.910
411
341
2,223
998
966
7,637
9,040
285
1,487
616
7,512
255
1,739
1,036
336
93
197
2,032
55
338
128
33
843
930
2,553
214
74
370
191
441
168
293
609
227
781
2,230
310
901
584
84
307
395
336
[V O L . LXX XX I,
Increase ( + )
Name o f Road.
Mileage.
1909.
Decrease ( —).
29.548.411
Great Northern_______
a249,76 4
Green Bay A Western.
a854,405
Gulf A Ship Island____
02,909,111
Hocking V alley_______
0306,939
Hunting A Broad Top
31,318,530
Illinois Central. c .........
4.008.034
Internat & Gt N o r .c ..
Iowa C e n tra l.c._ .........
1,017,80
01,135,710
Kanawha A Michigan.
885.225
Kan City Mex A O r't.c
Kan City Southern.c. _
5,055,133
Lack A W yom ing Vail.
270,467
256,970
Lake Term inal_______
Lehigh A Hudson R lv .
0599,838
Lehlgh V alley.e...........
014,677,332
Lehigh A New England
a358,720
Lexington A E astern. c
200,089
Louisiana A Arkansas c
683,078
Loulsv A N ashville.c..
26,461,650
582,103
Loulsv Hcnd A St L . .
Maine Central------------4,252,098
Midland Valley_______
661,099
Mineral R a n ge.c --------389,754
M St P A S S M (2 rds)c
10,497,466
Minnesota A Internat.
0354,884
Mlnneap A St L o u is.c.
2,279,438
Miss Central. c ------------459,251
0362,788
Miss River A Bonne T .
0348,87
Mo A Nor A rk a n sas...
12.402,505
Mo Kansas A Texas . c .
25,955,030
Mo Pacific (3 r o a d s ).. .
5,415,468
Mobile A O h lo .c...........
788,409
M onongah ela------------519,081
Monongahela Conn-----04,912,407
Nashv Chat A St L .c .
a081,326
New Orleans Gt N o r ..
1,788,287
New Orleans A Nor E c
880,24
New Orl Mob A Chlc.c
274.225
Newburgh A So Shore.
40,970,795
New York Cent A II R c
1.925.758
Cldc Ind A S outli.c.
Chic Kal A Saginaw
a90,46t
Cln N orthern.c_____
589,966
Clev Cln Ch A St L .c
14,181,268
Det A C h a rle vo ix...
029,517
Dunk All Vail A P it.
0113,787
Fulton Chain.............
.
al,665
Indiana Harbor Belt
0968.428
037,759
Kankakee A Seneca.
0248.34
Lake Erie Atl A Wh
2,570,881
Lake Erie A W est.c
23,713,128
Lake Sh A Mich So c
a80,799
Loulsv A Jeff Bridge
13,987,403
Michigan Central.c.
02,169
Mt Gilead Sh L in e ..
a05,076
N Y A O ttawa.........
5.449.523
N Y Chic A St L . c . .
Peoria A Eastern . c .
1.591.758
8,283,019
Pitts A Lake E r le .c .
Paquette Lake.
1,476,343
Rutland c _____
0248,968
St Law A A d lr o u ...
2,249,370
Toledo A Ohio Cent t
0192,514
Zanesville A W e st..
024,184,420
N Y New Hav A H art.
4.129.523
N Y Ontario A W est.c
01,439,468
N Y Susq A Western .c
1,382,498
Norfolk A S ou th ern ...
17.733.952
Norfolk A W estern.c . .
027,079,033
Northern Pacific--------Pennsylvania— Lines E ast ol Plttsbu
80,423,949
Pennsylvania R R .c .
641,393
Balto A Sparrows Pt
a84,530
Balto Ches A Atl . . .
0164,858
Cornwall A Lebanon
1,491.742
Cumberland Valley.
5,140,326
Long Island.c............
al34,368
Louisville Bridge C o.
a.37,737
Maryland Del A V a.
1,092,579
N Y Phtla A Norfolk
6,190,394
Northern C entral.c.
9.082.411
Phlla Balto A Wash c
Rosslyn Connecting.
07,950
Union R R o f B a lt o ..
0624,971
2.599.952
West JerseyASeash c
Lines West of PittsLines directly op(2) c
Cine A Muskingum
Cine Lebanon A Nor
Cleve Akron A C o l..
Grand Rapids A Ind
Toledo Peo A W est.c
V andalla............. ..
Waynesb A W a sh ..
Wheeling Term inal.
Pere Marquette----Pitts Shaw A Northern
Phlla A Reading...........
Port Reading------Quincy Om A Kan City
Richm ond Freds A Pot
Itlo Grande Southern.c
Itcck Island (4 roads).
St Joseph A Grand Isl.
St L A San Fr (3 rds).c
St L Merch Bdge Term
St Lo Southw (2 rds) c .
San Ant A Aran P a ss ..
San Ped Los A n g A S I,
Seaboard Air L in e .c. .
South Buffalo............. ..
Southern R a ilw a y .c .. .
Southern Indiana.........
Southern Pac (11 rds) c
Spokane International.
S un set............................
Syracuse Bing A N Y .
Terminal Assn o f St L .
Texas A Pacific.e_____
Texas Centra l . c ...........
Tonopah A Goldfield. .
Tol St Louis A W e st.c.
Unlon Pacific (3 rds).c
Union R R (of P a )____
Vicks Shrcv A Pacific. c
Virginia A Southwest . c
W a b a s h .c ................
Wheeling A Lake Erie c
Western M arylan d .c..
Western R y o f A la____
Yazoo A Miss Valley.c
152 minor roads...........
012,112
$
S
22,852,918
+ 6,695,493
0222,161
+ 27,003
0792,851
+ 61,554
a l , 951,227
+ 1,017,884
0237,481
+ 69,458
27,902,683
+3,415,847
3,745,504
+ 262,530
1,480,551
+ 137,253
a 771,605
+364,111
756,397
+ 128,828
+ 636,374
4,418,759
261,400
+ 15,061
183,550
+ 73,420
0548,478
+ 51,360
013,189,563
+ 1,487,769
+ 66,352
0292,368
219,846
+ 40,243
+ 67,339
616,339
21,976,206
+ 4,485,384
+ 79,092
503,071
4,000,905
+ 251,193
485,549
+ 175,550
393,985
— 4,231
8,897,897
+ 1,599,569
0263,244
+ 91,640
1,893,325
+ 386,113
366,041
+ 93,210
0270,866
+91,923
a230,355
+ 118,524
11,508,545
+ 893,960
22,322,904
+3,632,132
4,792.736
+ 022,732
480,250
+ 302,151
376,864
+ 142,217
04,680,613
+231,794
0281,603
+399,723
1,563,790
+ 224,491
744,159
+ 136,088
257,535
+ 16,690
42,573,770
+ 4,397,023
1,420,082
+ 499,076
076,059
+ 14,407
524,031
+ 65,336
12,508,023
+ 1,673,246
043,675
— 14,158
0103,979
+ 9,808
a8,907
—7,242
0689,233
+279,196
+ 8,813
028,940
0213,522
+ 34,823
2,167,342
+403,539
20,245.108
+ 3,468,020
a61,742
+ 25,057
12,590,308
+ 1,397,035
o2,028
+ 141
059,072
+ 0,003
4,071,473
+778,050.
1,330,352
+ 255,400
5,782,642
+ 2,600,977
014,051
— 1,939
1,370,055
+ 106,288
0214,744
+34,224
1,007,504
+ 581,872
0184,582
+ 7,932
021,869,567
+ 2,314,853
+ 179,554
3,949,909
01,437,893
+ 1,575
1,276,803
+ 105,695
14,620,625
+ 3,107,427
024,667,874
+ 3,011,159
gh—
70,142,949 + 10,281,000
618,449
+ 22,944
077,944
+ 6,586
al42,546
+ 22,312
1,192,535
+299,207
4,728,203
+412,122
111,393
+ 22,975
032,806
+ 4,931
1,488,195
+ 204,384
5,710,994
+ 479,400
8,465,211
+ 017,200
a7,776
+ 175
a486,450
+ 138,521
2,39S,452
+ 201,500
142
309
301
108
9,792
642
93
167
4,485
167
3,992
514
21
201
25
2,242
372
568
46
211
294
668
1,916
411
340
1,896
998
960
7,634
9,023
285
1,476
616
7,512
255
1,739
1,036
336
93
191
1,952
55
338
123
33
845
893
2,516
214
79
348
191
441
168
282
593
227
778
2,170
310
Grand total (380 rds) 1,255,758,270
867
Net Increase vl4.54% )
584
84
307
a These figures are for five months only In both years
395
6 These figures are for four months only,
336
c These figures are furnished by the com pany
1910.
1909.
7,129
225
307
350
70
4,551
1,159
558
176
740
827
23
11
97
1,441
170
93
255
4,595
20(1
932
324
127
3,569
177
1,027
164
53
365
3,072
7,170
1,114
65
7
1,230
276
195
403
13
3,688
329
56
247
1,982
51
91
2
106
43
88
886
1,062
3
1,746
2
70
558
350
191
24
468
65
444
89
2,045
545
151
602
1,951
5,849
105
43
88
886
1,511
3
1,746
2
70
556
351
191
24
468
65
444
89
2,043
545
151
582
1,942
5,695
3,970
5
88
26
162
390
3
84
112
467
717
3
9
355
4,017
6
88
26
162
391
3
84
112
468
716
3
9
355
6,961
225
307
347
70
4,551
1,159
558
177
660
827
23
0
97
1,446
170
93
226
4,401
200
931
324
129
3,458
177
1,027
150
53
346
3,072
6,488
1,114
61
7
1,230
91
195
403
12
3,587
332
55
247
1,982
51
91
2
213,610
THE CHRONICLE
Ana. G 1910.]
ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— T h e p u b lic sa le s o f b a n k s to c k s th is w e e k a g g r e g a te 7 4 6
s h a r e s , o f w h ic h 5 3 8 s h a r e s w e re s o ld a t th e S t o c k E x c h a n g e
and
208
sh ares
at
a u c tio n .
The
a u c tio n
s a le s i n c l u d e d
a
la r g e l o t , 2 0 0 s h a r e s , o f s t o c k o f t h e N a t i o n a l R e s e r v e B a n k ,
w h ic h w a s s o ld a t 1 0 0 .
N o tr u s t c o m p a n y s to c k s w ere s o ld .
T h e t a b l e b e l o w , g i v e n in o u r u s u a l f o r m , s h o w s t h e a c t u a l
s a le s o f N e w
at
a u c tio n
Y ork
and
C i t y b a n k s t o c k s m a d e d u r in g t h e w e e k
at
th e
S to c k
Exchange.
E x te n s iv e
ta b le s
s h o w in g th e b id a n d a s k e d q u o t a t io n s , d e p o s it s , s u r p lu s , & c .,
o f b a n k s a n d t r u s t c o m p a n i e s in a ll
U n ite d
S ta te s
are
p u b lis h e d
i m p o r t a n t c it ie s in t h e
m o n th ly
in
th e
“ Bank
and
Q u o t a t io n ” S e c t io n , th e A u g u s t issu e o f w h ic h a c c o m p a n ie s
t o - d a y ’ s “ C h r o n i c l e .”
B i d a n d a s k e d q u o t a t i o n s f o r a ll N e w
Y o r k C i t y b a n k a n d t r u s t c o m p a n y s t o c k s a r e a l s o p u b li s h e d
w e e k l y in a n o t h e r d e p a r t m e n t o f t h e p a p e r , a n d w ill b e f o u n d
to -d a y o n p a g e s 3 2 1 a n d 3 2 2 .
S hares. B A N K S — N ew Y o rk .
Low .
8 C h em ical N ation a l B a n k . . . 401
* 3 8 8 C om m erce, N a t. B a n k o f ___ 197
*150 F ou rth N ation a l B a n k ______ 1 8 4 }*
200 R e s e rv e B a n k , N a tio n a l_____ 100
H ig h .
401
200
185
100
C lose. Ixist previous sale.
401
D e c. 1909— 450
197
J u ly 1910— 200
1 8 4 }* J u ly 1910— 184
100
M ay 1910— 109
* S old a t th e S t o c k E x c h a n g e .
— J . E d w ard
S im m o n s , P re sid e n t o f th e F o u r t h N a tio n a l
B a n k , a n d o f t h e N e w Y o r k C h a m b e r o f C o m m e r c e , d ie d e a r l y
y e ste rd a y
(A u g u st
h e a r t fa ilu r e .
5)
m o rn in g
at
M ohonk
Lake,
N .Y .,
of
M r . S im m o n s w a s o n e o f N e w Y o r k ’s fo r e m o s t
b a n k e r s a n d f o r y e a r s w a s a p o w e r in t h e f in a n c ia l a n d b u s i
n e ss w o r ld .
H is p re sid e n c y o f
th e F o u r t h
N a tio n a l B a n k
d a t e s b a c k t o 1 8 8 8 a n d h is s e r v i c e s d u r i n g t h e p a n i c p e r i o d s
of
1884,
1893
w as b orn
and
1907
in T r o y ,
g r a d u a te d fro m
N.
w ill
Y .,
a lw a y s
be
rem em b ered .
S e p te m b e r 9
1841.
In
He
1862 he
W i l l i a m s C o lle g e a n d a y e a r l a t e r f r o m
A lb a n y L a w S c h o o l.
H e c a m e to
th e
N e w Y o r k in 1 8 6 7 , a f t e r
h a v i n g p r a c t i c e d la w in T r o y , a n d e n t e r e d t h e b a n k i n g a n d
b ro k e r a g e b u s in e s s .
In
1884 and
1 8 8 5 h e w a s P re sid e n t o f
th e N e w Y o r k S t o c k E x c h a n g e a n d in 1 8 8 6 P r e s id e n t o f th e
B o a rd o f E d u c a tio n .
In
1888 he
b e g a n h i s s u c c e s s fu l t e r m
a s P r e s i d e n t o f t h e F o u r t h N a t i o n a l B a n k a n d t e n y e a r s la t e r
to o k
up
th e d u tie s o f P r e sid e n t o f t h e
N ew
Y ork
C le a r in g
H ou se.
I n M a y 1 9 0 7 h e s u c c e e d e d M o r r is K . J e s u p a s P r e s i
dent
th e
of
n e c tio n s ,
C ham ber
he
w as
fo r
of
te n
C om m erce.
years
R a ilr o a d C o ., P r e s id e n t o f th e
B e sid e s
P re sid e n t
of
th ese
th e
con
P anam a
C o lu m b ia S te a m s h ip C o . a n d
a c te d a s R e c e iv e r fo r th e A m e r ic a n
Loan
& T ru st C o.
He
w a s a t r u s t e e o f t h e M e t r o p o l i t a n T r u s t C o . , d ir e c t o r o f t h e
B a n k fo r S a v in g s , th e A n n A r b o r R R . C o ., th e R o y a l In s u r
a n c e C o ., th e N a t io n a l S u r e t y C o ., th e U . S . C a s u a lt y C o .,
a n d th e S t a n d a r d M illin g C o .; h e w a s P r e s id e n t o f th e N e w
Y ork
In fa n t
A s y lu m , G overn or an d
T reasu rer
of
th e
N ew
Y o r k H o s p i t a l a n d c h ie f d i r e c t o r o f t h e S a i l o r ’ s S n u g H a r b o r .
M r . S im m o n s w a s k n o w n to th e p o litic a l w o r ld a s a w a r m
f r ie n d
of
Sam uel
J.
T ild e n
and
a
c o n se rv a tiv e
D e m o cra t.
H e r e f u s e d a t o n e t i m e t h e n o m i n a t i o n f o r M a y o r a n d a ls o
d e c li n e d t o a c c e p t t h e o f f i c e o f C o lle c t o r o f t h e P o r t .
He
w a s a p r o m in e n t M a s o n a n d a m e m b e r o f th e f o llo w in g c lu b s :
th e
U n iv e r s ity ,
T u xed o and
M e tr o p o lita n ,
D e m o c r a tic .
N.
Y .
A th le tic ,
a t S t . T h o m a s ’s C h u rc h a t 3 P . M . o n S u n d a y .
C o m m itte e
of
th e
L aw yers’,
T h e f u n e r a l s e r v i c e s w ill b e h e ld
C ham ber
of
C om m erce
T h e E x e c u tiv e
m et
a n d a d o p te d th e fo llo w in g r e s o lu t io n a p p o in tin g a
on
F r id a y
c o m m itte e
to a tte n d th e fu n e r a l:
Resolved, T h a t t h e E x e cu tiv e C o m m itte e learns w ith p r o fo u n d grief o f
th e death o f P resid en t S im m o n s, a n d It Instructs th e C h airm an t o a p p o in t
a co m m itte e to represent the C h a m b e r a t th e funeral a n d t o p repare resolu
tion s t o be presented a t th e llrst fa ll m e e tin g o f th e C h am ber, t o be held
O c t .6; a n d It Is the sense o f th e C o m m l ttee th a t this m e e tin g sh ou ld be espe
c ia lly d e v o te d to a m em orial o f M r. S im m o n s 's e m in en t p u b lic services an d
ex a lted person al c h a r a c te r .
— The
P h ila d e lp h ia
banks
have
a ls o
fo rm e d
a
N a tio n a l
C u rre n c y A s s o c ia tio n u n d e r th e t e r m s o f th e E m e r g e n c y C u r
rency L a w .
banks
at
th e
A t a m e e t in g o f r e p r e s e n ta tiv e s o f th e n a tio n a l
P h ila d e lp h ia
C le a r in g
H ou se
on
J u ly
29,
at
w h ic h a ll b u t t h r e e o f t h e c i t y ’ s n a t i o n a l b a n k s w e r e r e p r e
se n te d ,
b y -la w s
w ere
a d o p te d
and
th e
fo llo w in g
o f f ic e r s
e le c te d :
P resid en t— L ev i L. R u e , P r e s id e n t P h ilad elp h ia N a tio n a l B a n k .
V ice -P re s id e n t— E. F . S h a n b a ck e r, P r e s id e n t F o u rth S t N a tio n a l B a n k .
S e cre ta ry — H ow a rd W . L ew is, P r e s id e n t F a rm e rs’ * M e ch a n ics’ N ation a l
Bank.
T reasu rer— Josep h M o o re J r . , P re sid e n t N a tio n a l B a n k o f N orth ern
L ib erties.
E x e c u tiv e C om m ittee — L e v i L . R u e , C h airm an; F ran cis B . R e e v e s,
H o w a r d W . L e w is, J ose p h M oore J r ., J . R . M cA llister, J . T a tn a ll L e a ,
E. F . .Shanbacker, Jam es E . M itch ell, W illia m H . H eisler.
T h e M em bersh ip C om m itte e com p rises Jam es F . S u lliva n , J . B . H a rp e r,
H a r r y (J. M Ich ener, W illia m T . E llio tt, W illia m H . C a rp en ter a n d H o w a rd
W . L e w is .
A t C h ic a g o , th e a d v is a b ilit y o f
fo r m in g
a
N a tio n a l C u r
r e n c y A s s o c i a t i o n w a s d is c u s s e d a t a m e e t i n g o f t h e C l e a r i n g -
311
House Committee of the Chicago Clearing House held on the
2nd inst.
No definite action
in the
matter was
taken.
The meeting is said to have been the re
suit of a letter from Assistant Secretary of the Treasury
A. P. Andrew, in which he asked the Chicago Clearing House
to join in the movement for the formation of currency asso
ciations. It is reported that the plan will be discussed again
at future meetings, after the Clearing-House Committee has
obtained more information regarding the matter and given
it mature consideration. James B. Forgan, President of
the First National Bank of Chicago, was last week quoted
as not being very enthusiastic regarding the formation of
such an association. The newspapers reported him as hav
ing said: “ Such an association might help a little in giving
us a currency that we could send into the country, but the
cost would be almost prohibitive. We could not settle
Clearing-House balances with the notes of such an associa
tion, and that is where the greatest stress comes in times of
tight money. Those balances have to be settled in gold.”
— The Aberdeen Clearing-House Association at Aberdeen,
S. D., has passed resolutions intended to facilitate the ob
taining by local institutions of their proper proportion of
such part of the deposits of the Postal Savings banks as is to
be re-deposited by the U. S. Government in the banks.
Senators and Members of Congress from South Dakota are
requested “ to use their best efforts to induce the board of
trustees to prescribe such securities as shall be available in
this State [South Dakota], such as county bonds, school
bonds, township bonds,” &c. This has reference to the
bonds that must be deposited as security for the public
moneys received. The resolutions in full are as follows:
W herea s, T h e P o s ta l S a v in gs D e p o s ita r y A c t has be e n passed b y Con gress
a n d has b e c o m e a la w , an d
W herea s, A m o n g the p ro v is io n s Is o n e th a t m o n e y s d e p o site d In p o s t
o ffic e s shall b e re -d cp o s lte d In b a n k s In th e sam e lo ca litie s.
B a n ks are
requ ired to d e p o s it b o n d s s u p p o r te d b y ta x a tio n as se c u r ity fo r su ch m o n e y s ;
and
W hereas, T h e b o a r d , c o n s istin g o f th e P o s t M aster G eneral, th e S e creta ry
o f th e T re a s u ry a n d th e A t to r n e y -G e n e r a l m a y d e sig n a te th e classes o f
b o n d s re q u ire d f o r su ch p u rp o se s, an d
W h erea s, S h o u ld G o v e rn m e n t b o n d s . S ta te b o n d s a n d b o n d s o f large
m u n icip a lities be req u ired , It w o u ld be n e c e s s a r y f o r th e ban k s o f this S ta te
t o b u y such b o n d s In E astern m a rk e ts, se n d in g m o n e y east fo r th a t p u rp ose;
the n et result w o u ld be th a t a su m In e x ce ss o f th e p o sta l d e p o sits w o u ld be
transferred t o E a stern cen tres a n d th e b a n k s o f th is S ta te w o u ld n o t b en efit
b y such d e p o s it s .
N o w , th e re fo re , be It
R esolved, T h a t th e A b e rd e e n C le a rin g -H o u s e A s s o cia tio n requ ests o u r
S en a tors a n d M em bers o f C on gress t o use th eir b e s t e ffo rts t o Induce th e
said b o a r d o f trustees t o p re scrib e su ch s ecu rities as shall be a v a ila b le In
th is S ta te , su ch as c o u n t y b o n d s , s c h o o l b o n d s , to w n sh ip b o n d s a n d the
b o n d s o f s u ch m u n icip a lities as are In o u r m id st; a lso , be it
R esolved. T h a t th e S o u th D a k o ta B a n k ers' A sso cia tio n an d p u b lic e x a m
iners b e a d v is e d o f the a c tio n o f this C learing H o u se , a n d th a t th e o fficers
o f this C learin g H ou se a n d o f th e said S o u th D a k o ta B a n k e rs’ A s s ocia tion
a n d th e e x a m in e r be u rg e d t o use th eir Influence t o th e s a m e e n d .
— In a message to the Texas Legislature on the 27th ult.,
Governor Campbell of that State, after submitting recom
mendations for (1) a better system of accounting for the
Comptroller’s office, and (2) advising legislation prescribing
the duties of County Tax Collectors, Tax Assessors, County
Clerks, the Comptroller and the State Treasurer, also adds
a third recommendation, advising legislation for dealing
with the subject of guaranteed bills of lading. We reprint
below the latter part of the message:
3 . T h e e n a ctm e n t o f a d e q u a te law s d e fin in g “ b ills o f la d in g ” a n d d e
fining the w o rd s "c a r r ie r s .”
P r o v id in g th a t It shall be the d u t y o f c o m m o n
carriers a n d th eir o ffice rs a n d a g e n ts t o Issue n e g o tia b le bills o f la d in g an d
straigh t o r n o n -n e g o tla b le bills o f la d in g a t the requ est o f th e s h ip p ers,
b etw een ce rta in p laces t o b e p r e s c r ib e d In th e law , a n d defin in g n e g o tia b le
o r o rd e r bills o f la d in g a n d n o n -n e g o tla b le o r str a ig h t bills o f la d in g , a n d
p re scrib in g th e necessary re q u ire m e n ts fo r all bills o f la d in g ; t o m a k e all
n e go tia b le bills o f la d in g n e g o tia b le b y e n d o r s e m e n t a n d d e liv e ry In the
sam e m a n n e r as bills o f e x c h a n g e a n d p r o m is s o r y n o te s, a n d p r o h ib itin g
the p la c in g u p o n n e g o tia b le bills o f la d in g a n y term s w h ich w o u ld In a n y
m anner lim it th eir n e g o tia b ility : a n d p r o v id in g f o r th e d iv isio n o f bills o f
la d in g Into s u ch d iffe re n t series as m a y be a p p ro p r ia te , a n d d efin in g ea ch
s eries, p re scrib in g h o w b ills o f la d in g shall be Issued, a n d p r o h ib itin g the
Issuing o f n e g o tia b le b ills o f la d in g in p a r t o r p arts e x c e p t as pre scrib ed b y
law ; p re s crib in g th e d u tie s o f general fre ig h t a g e n ts o r person s a u th oriz ed
to a c t fo r th em a n d th e d u tie s o f lo ca l s ta tio n agen ts o f c o m m o n carriers,
an d fo r su ch a d d it io n a l legisla tio n o n this s u b je c t as business c o n d itio n s
a n d the gen eral w elfare m a y d e m a n d .
— Under the amendment made at the recent session of the
New York Legislature to the law respecting the reserves of
State banks, “ time deposits not payable within thirty days
represented by certificates showing the amount of the de
posit, the date of issue and the date when due,” may be ex
cluded in the computation of the cash reserve required
against deposit. This change has been made with the view
of placing the banks on the same footing with the trust com
panies.
— It is reported from Des Moines, la ., that the Western
Grain Dealers’ Association, alarmed at the proposed drastic
legislation aimed at speculation, has passed resolutions con
demning such action. The “ Journal of Commerce” in a dis
313
p a tc h
THE CHRONICLE
fro m
D e s M o in e s d a te d
J u ly | 1 7
sa id :
.’, “ T h e
r e s o lu
[V O L . L X X X X I.
A t t o r n e y -G e n e r a l
F red .
S.
J ackson,
in
t i o n s s t a t e t h a t t h e s y s t e m o f b u y i n g a n d s e lli n g a g r ic u lt u r a l
m andam us
p r o d u c t s f o r f u t u r e d e l i v e r y a n d l e g i t i m a t e in t e l l i g e n t s p e c u
C o m m is s io n e r
l a t i o n in t h e p r i c e s o f t h e s a m e a r e i n d i s p e n s a b l e
fa c to rs o f
n a tio n a l b a n k s to th e g u a r a n t y s y s t e m
th e g r a in
t h e e li m i
as
tra d e .
T h e g r a in d e a le r s d e c la r e t h a t
n a t i o n o f t h e s e w o u l d d e s t r o y t h e m o s t e c o n o m i c a n d s c ie n
t ific m e t h o d s w h ic h
fo r
th e
m a rk e tin g
tim e a n d
of
e x p e r ie n c e h a v e y e t e v o lv e d
a g r i c u lt u r a l
p ro d u c ts
of
th e
a t t h e l e a s t e x p e n s e a n d g r e a t e s t c o n v e n i e n c e .”
S ta te
had
D o lle y
b an k s.
G overnm ent
a
w r it
S ta te
T re a su r e r T u lle y
had
to a d m it
o n th e s a m e fo o tin g
m a in ta in e d
d e n ie d
of
Bank
th e
th a t
n a tio n a l
as
th e
banks
th e
re fu se to a d m it su c h b a n k s .
w r it o f m a n d a m u s a s k e d fo r b y A t t o r n e y -G e n e r a l J a c k s o n '
bank
are
w h ic h
com pel
C o p ie s o f
th a t
w h ic h
D o lle y
had
r ig h t to p a r tic ip a te , h e w o u ld
n a tio n a l
le g i s la t u r e s
M r.
S ta te
to
T h e “ C a p i t a l ” s t a t e s t h a t t h e C o u r t in r e f u s i n g t o g r a n t t h e
d e c id e d
S ta te
and
fo r
c o u n try
o f th e I o w a d e le g a tio n a t W a s h i n g t o n a n d
v a r io u s
a p p lie d
o ffic ia ls
t h e r e s o l u t i o n s , it is s t a t e d , w ill b e s e n t t o a ll t h e m e m b e r s
of
been
to th e m e m b e r s
c o n s i d e r in g
such
no
te st
had
case
c o u ld
a c tu a lly
be
sou gh t
brou ght
a d m is s io n
u n til
to
som e
th e
fu n d
a n d b e e n re fu se d .
le g is la t io n .
— B a n k C o m m is s io n e r W ill ia m P . G o o d w in o f R h o d e I s la n d
— U n d e r d a te o f J u ly 17 th e S t . L o u is “ G lo b e -D e m o c r a t ”
p u b lis h e s a d is p a tc h fr o m G u th r ie , w h ic h s a y s :
“ I t d e v e lo p s
has
r e c e n tly
is s u e d
a
c ir c u la r c a llin g
th e
a tte n tio n
of
th e
t r u s t e e s o f s a v i n g s b a n k s o f t h a t S t a t e t o a la w p a s s e d b y t h e
t h a t , a l t h o u g h a c a ll w a s is s u e d J a n . I , o r d e r in g S t a t e b a n k e r s
G en eral
(o f O k la h o m a ) to p a y in to th e b a n k g u a r a n ty fu n d a n a sse ss
t h a t th e d u t y
m e n t o n t h e i r in c r e a s e d
i n s t i t u t i o n s s h a ll h e r e a f t e r b e p e r f o r m e d b y a c e r t if i e d p u b
d e p o s its o f th e
b a n k e r s h a v e p a id a n y a t t e n t io n
p ast yea r, b u t
fe w
t o t h e a s s e s s m e n t .”
The
m a t t e r , i t is s t a t e d , w a s t h e s u b j e c t o f d is c u s s i o n a t a r e c e n t
m e e tin g o f th e S ta t e B a n k in g B o a r d , a n d th e m e m b e r s are
e n d e a v o r i n g t o f in d s o m e m e t h o d s o f c o m p e l l i n g t h e b a n k e r s
to p a y a n d th u s r e c u p e r a te th e fu n d .
A
lic a c c o u n t a n t
d ir e c tly
upon
at
th e
J an u ary
s e s s io n
w h ic h
of
a
th e
S ta te.
c o m m itte e
P r e v io u s ly
of
th e
th is
tru s te e s .
a ls o re q u ire s t h a t th e e x a m in a t io n s a n d
c o u n t a n ts m u s t c o v e r s u b je c ts a n d
“ C o m m e r c ia l”
on
J u ly
20
sta te d
T he N ew Y ork
th a t,
d e s p ite
th e fa c t
t h a t b e tw e e n J a n . 31 a n d J u n e 3 0 th e n u m b e r o f S ta t e b a n k s
in c r e a s e d f r o m
creased,
th e
tim e ,
60S
to ta l
$ 4 5 ,4 8 1 ,5 5 0 ,
a
to
691
and
d e p o sits
d ecrease
i t is s a i d ,
s in c e t h e la w
t h e p a id -s u p c a p i t a l w a s i n
dropped
of
fro m
$ 4 ,4 4 7 ,0 0 0 .
$ 4 9 ,9 2 8 ,7 4 4
T h is
is
t h a t a f a lli n g o f f h a s o c c u r r e d
b e c a m e e f f e c t i v e in
th e
to
f ir s t
in d e p o s i t s
1908.
— W e le a r n f r o m t h e C i n c i n n a t i “ E n q u i r e r ” t h a t , a l t h o u g h
t h e r e is n o la w in K e n t u c k y p r o v i d i n g f o r t h e e x a m i n a t i o n
o f S t a t e b a n k s , S e c r e t a r y o f S t a t e B . L . B r u n e r , in v i e w o f
t h e c o n d i t i o n s h o w n b y r e p o r t s c o m i n g f r o m s o m e o f t h e in
s t i t u t i o n s , h a s d e c id e d t o e m p l o y S t a t e b a n k i n s p e c t o r s a n d
e x a m in e a g o o d m a n y o f th e in s titu t io n s .
F o r th is p u r p o s e ,
it is s t a t e d , h e w ill c a ll u p o n t h e b a n k s f o r v o l u n t a r y s u b s c r i p
tio n s.
It
is f u r t h e r s t a t e d
th a t m a n y
of
th e
banks
u r g e d t h a t h e b e g i n r e g u la r e x a m i n a t i o n s , s o t h a t
in p o s i t i o n
to
a c c e p t p o sta l
have
th e y m a y
s a v in g s d e p o s its .
No
new
c h a r t e r s , it is s a i d , w ill b e is s u e d b y M r . B r u n e r u n t il h e h a s
p e r s o n a lly a s c e r ta in e d th e s t a n d in g o f th o se w h o a re to se r v e
a s o ffic e r s .
A t t h e latQ s e s s io n o f t h e K e n t u c k y L e g i s l a t u r e
a b ill p r o v i d i n g f o r t h e e x a m i n a t i o n o f S t a t e b a n k s p a s s e d
b o t h H o u s e s , b u t w a s v e to e d b y th e G o v e r n o r .
— L aw rence
T.
Tw eedy
becam e
id e n t if ie d
w ith th e b o n d
d e p a r tm e n t o f th e G u a r a n ty T r u s t C o . o f th is c it y o n th e 1 st
i n s t ..
M r. T w e e d y w a s c o n n e c te d
fo r
th r e e
and
a
h a lf
y e a r s w ith th e A lb a n y b r a n c h o ffic e o f S p e n c e r T r a s k & C o .,
and
b e fo r e th a t fo r a y e a r a n d
o ffic e o f t h a t fir m .
a h a lf w ith
th e N e w
Y ork
M r . T w e e d y is t h e s e c o n d A l b a n y m a n
in a
p u b lic
e n try
B a llin g e r ,
S e c re ta r y
1 4 th u lt.
of
th e
to
sa tisfa c to ry
as
In te r io r ,
m ade
th e
p u b lic
m a tte r,
in
w h ic h
th e
to ta l
t h e s e c o a l la n d s is g i v e n a s $ 4 4 9 , 8 7 6 , 2 0 8 ,
b a n k in g
a ssista n c e
in te r e s ts , e lim in a te
o f c l e a r i n g -h o u s e
c o m p e titio n
m e t h o d s .”
and
The
fu rn ish
fir m
w h ose
b a n k r u p tc y occu rred
b e e n p u t ofT u n t il O c t . 1 7 .
in
A p r il
is c h a r g e d
th e m a ils .
th e G o v e r n m e n t ,
1 2 5 b a n k e r s , r e p r e s e n t i n g 3 7 i n s t i t u t i o n s , a n d i t s p u r p o s e is
w ith
abroad.
h a v e p a i d u p v e r y l i t t le o f t h e 1 0 0 %
w h e n a c a ll f o r a s s i s t a n c e is m a d e , a n a s s e s s
th e ir r a t in g .
le v ie d
upon
th e
d if f e r e n t b a n k s a c c o r d i n g
T h e P r e s i d e n t o f t h e a s s o c i a t i o n is S . A . R i n n ,
P r e s id e n t o f th e P u n x s u t a w n e y N a t io n a l B a n k .
d e m u th
to
o f C le a r f ie ld is S e c r e t a r y a n d
E . E . L in -
G eorge W .
G anoe of
H o u t z d a l e is T r e a s u r e r .
— A
d iv id e n d o f
of A . O . B row n
2]/^%
h a s b e e n d e c la r e d t o t h e c r e d it o r s
& C o . , w h o f a i l e d in A u g u s t 1 9 0 8 , b y J o h n
$ 4 ,6 9 5 ,9 3 0 ,
of
w h ic h
T h e l i a b ili t ie s o f t h e
$ 2 ,2 3 4 ,3 6 1
w ere
secu red ,
$ 2 ,4 5 1 ,5 7 9 u n se c u r e d a n d $ 9 ,9 9 0 r e p r e se n te d sa la r ie s .
sta te d
th a t
1 ,2 0 0
c r e d ito r s
w ere
nam ed
in
th e
— T h e T o p e k a “ C a p ita l”
J u ly 9 t h d e c li n e d
m akes an
to
p ass
upon
th e v a lid ity
th e
fu n d .
T h i s c o n c lu s i o n g r e w o u t o f t h e t e s t c a s e b r o u g h t b y
S ta te
fa ile d
tim e
fo r
O.
in s titu t io n
II.
C h en ey
paym ent
“ E a g le ,”
a c c o r d in g
“ m ore
has
th a n
ord ered
la s t
lo n g
th e
of
B r o o k ly n
“ E a g le ,”
a sse ssm e n t o n th e s to c k
by
S ta te
M arch .
s in c e
80%
y e t p a i d t h e a s s e s s m e n t .”
to
S u p e rin te n d e n t
“ A lth o u g h
e x p i r e d ,”
t h e le g a l
c o m m e n ts
th e s to c k h o ld e r s
th e
has n o t as
T h e i n s t i t u i t o n , w h ic h f a i l e d
in
e ffo r t
to
p a r tic ip a te
in
h a s th u s fa r p a id to d e p o s ito r s 4 0 %
M ay 1 1909, 2 0 %
in d i v i d e n d s — 1 0 %
o n O c t. 1 1 9 0 9 a n d 1 0 %
on
o n M a y 11 1 9 1 0 .
I t is s a i d t h a t s u i t s w ill b e b r o u g h t a g a i n s t t h e s t o c k h o l d e r s
in t h e f a l l t o c o m p e l t h e p a y m e n t o f t h e a s s e s s m e n t .
— C.
B.
B r o o k lin e
W ig g in
N a tio n a l
has
been
Bank
e le c te d
V ic e -P r e s id e n t
o f B r o o k lin e ,
M ass.
M r.
of
th e
W ig g in
w a s fo r m e r ly A s s is t a n t A u d it o r o f th e O ld C o lo n y T r u s t C o .
re p o rts th a t th e S u p rem e C o u rt
o f t h e d e p o s i t - g u a r a n t y la w o f t h a t S t a t e u n t il s o m e n a t i o n a l
a c tu a lly
th e
of B anks
I t is
s c h e d u le s ,
m a n y o f w h o m , h o w e v e r , d id n o t p r o v e t h e i r c l a i m s .
of K an sa s on
of
B orou gh ,
N o v e m b e r 1 9 0 8 a s a r e o r g a n i z a t i o n o f t h e J e n k in s T r u s t C o . ,
T o w n s e n d , r e fe r e e in b a n k r u p t c y .
w ere
th r o u g h
— T h e s to c k h o ld e r s o f th e d e fu n c t L a fa y e t t e T r u s t C o . o f
tio n o f th e o th e r in s titu t io n s .
be
w ill b e c o m
T h e b a n k r u p t fir m
s e n d i n g f r a u d u l e n t b ill s o f l a d i n g
B r o o k ly n
w ill
has
w h ic h c l a i m s t h a t t h e fie ld
to fu r n is h a s s is ta n c e to a n y b a n k r e p r e s e n te d b y th e c o -o p e r a
“ D e s p a t c h ,”
la s t ,
T h i s a c t i o n o f t h e C o u r t is d u e
p e lle d t o b r i n g w i t n e s s e s f r o m
e s ta b lis h
m en t
on
— T h e c a s e a g a i n s t S t e e l e , M ille r & C o . , t h e C o r i n t h , M i s s .,
m e n t o f t h e a s s o c i a t i o n is r e p o r t e d t o h a v e b e e n e f f e c t e d b y
A c c o r d in g to th e P it t s b u r g h
v a lu a tio n
M y D ea r M r . P resid en t:— T h e ord ers to r th e w ith d ra w a l o f c o a l lands w h ich
are tran sm itted here w ill co m p le to the series w h ich h a v e been p rep ared In
a c c o r d a n c e w ith y o u r In stru ction s. T h e se ord e rs co n firm and co n tln u o
all e x is tin g c o a l lands w ith d ra w a ls an d a d d m a te ria lly th e r e to . T h e areas
c o v e r e d are as fo llo w s : A riz o n a , 161,280 a cre s; C o lo r a d o , 0 ,1 0 1 ,1 6 1 acres;
M o n ta n a , 2 0 ,2 0 8 ,8 6 5 acres; N ew M e x ico , 2 ,0 4 4 ,2 7 9 acres; N o rth D a k o ta ,
1 7,828,182 acres; O re g o n , 102 ,502 a cre s; S o u th D a k o ta , 2 ,8 7 0 ,2 8 7 acre
U ta h , 5 ,8 1 4 ,2 8 7 acres; W a s h in g to n , 2 ,2 0 7 ,0 0 7 acres; W y o m in g , 1 3 ,0 0 9 ,
718 acres.
T h e to ta l o f co a l lands n o w w ith d ra w n In th e U n ite d S tates Is th erefore
7 1 ,5 1 8 ,5 8 8 acres.
A ll the la n d , h o w e v e r , Is o p e n t o agricu ltu ra l e n tr y , w ith a lim ite d su r
fa ce p a te n t, u n d er the term s o f th e o rd e r o f w ith d ra w a l an d In a c c o r d a n c e
w ith the re ce n t e n a ctm e n t p r o v id in g fo r ag ricu ltu ra l s u rfa ce e n tries on
w ith d ra w n o r classified co a l la n d s.
A lr e a d y 10,210,082 acres o f c o a l la n d . In p a rt Inclu ded In t h e earlier
w ith d ra w a ls, h a v e been classified a n d ap p ra ise d b y th e G e o lo g ic a l S u r v e y
p rio r to J u ly 1 1010 an d restored to a p p ro p r ia te e n tr y .
T h e to ta l ap p ra ised v a lu a tio n o n these c o a l lands Is $ 4 4 0 ,8 7 6 ,2 0 8 as c o m
pared w ith $ 1 7 0 ,0 6 3 ,7 6 6 w h ich w o u ld be th e m in im u m p rice t h a t fo rm e r ly
o b ta in e d In th e disp o sa l o f G o v e rn m e n t c o a l la n d s .
T h e o r d e r fo r w ith d raw al fo r A la sk a , a p p ro v e d b y y o u o n J u ly 2, Is o*
n e ce ssity In general term s o n a c c o u n t o f th e lack o f land su rv e y s .
In the
e x p lo r e d p o r tio n o f A la sk a , w h ich c o m p rise s a b o u t 2 0 % o f th e d is trict,
file s u p p o s e d areas o f co a l fields a g g re g a te a p p r o x im a te ly 12,000 squ are
m iles.
In these coa l fields th e arfias b e lie v e d t o be u nd erlain b y w o rk a b le
beds o f c o a l are a b o u t 1,200 squ are m iles, In m o re th an th re e -fo u rth s o f
w h ich area o n ly th e lo w e r-g ra d e c o a ls o c c u r . T h u s th e k n o w n c o a l lan ds
o f A lask a w h ich arc b eliev ed t o bo a ffe c te d b y y o u r o rd e r o f w lth d ra w a
ag g re g a te so m e 7 7 0 ,0 0 0 acres.
V e r y r e s p e c tfu lly ,
R . A . B A L L IN G E R ,
c o v e r e d b y t h e i n v e s t i g a t i o n is s o la r g e t h a t it
m o te
A.
th e
M r . B a llin g e r s a y s :
to a m o v e b y
is s t a t e d , w ill s e e k “ t o p r o
on
I n h is l e t t e r b e a r i n g
a p p r a is e d
c ia tio n o f P e n n s y lv a n ia w a s fo rm e d a t P u n x s u t a w n e y , P a .,
T h e o r g a n iz a t io n , it
acres
R.
T h e s e f ig u r e s d o n o t i n c l u d e t h e w i t h d r a w a l s in
A la s k a , b u t a p p ly to th e S ta t e s a lo n e .
on
7 1 ,5 1 8 ,5 8 8
P r e sid e n t T a f t b y
r e c e n tly .
bank
la w
r e p o r ts o f th e a c
b e in f o r m
is r e p o r t e d
c o m m u n ic a tio n a d d r e sse d
co tto n
— N e w s p a p e r rep o rts s a y th a t th e C en tral B a n k e r s ' A s s o
J.
re ste d
new
— T h e to t a l a m o u n t o f c o a l la n d s w it h d r a w n b y th e G o v
e r n m e n t fro m
t o e n t e r t h e G u a r a n t y T r u s t C o . , o f w h ic h C h a r le s I I . S a b i n
o f A l b a n y is n o w V i c e - P r e s i d e n t .
f ir m
d u ty
The
l o s s in t h e d e p o s i t s o f t h e S t a t e b a n k s o f O k l a h o m a is
b y S t a t e B a n k C o m m is s io n e r E . B . C o c k r e ll.
th e
re q u ire s
o f a u d itin g th e b o o k s a n d a c c o u n t s o f th e se
to th e C o m m is s io n e r .
r e p o r t e d t o b e s h o w n in t h e s t a t e m e n t o f J u n e 3 0 1 9 1 0 is s u e d
be
A s s e m b ly
of
B o sto n .
— T h e c r e d ito r s o f th e P y n c h o n N a t io n a l B a n k o f S p r in g
f i e ld , M a s s ., a r e t o r e c e iv e a d i v i d e n d o f 2 % , a c c o r d i n g t o a n
announcem ent b y
th e
C o m p tr o lle r
of
th e
cu rren cy.
T h is
it is s t a t e d , m a k e s a t o t a l o f 1 0 0 % p a i d t o c r e d i t o r s o n c l a i m s
a g g r e g a tin g $ 1 ,0 4 8 ,6 0 2 .
T h e i n s t i t u t i o n f a il e d in J u n e 1 9 0 1 .
of
th e
N a tio n a l
C ity
C a m b rid g e
S e p t. 6 w h en
r e c e n t l y d e c la r e d
w ill b e m a d e .
Bank
M a s s . , h a v e r e c e iv e d t h e d i v i d e n d o f 6 0 %
o n t h e 2 d i n s t . a t w h i c h , i t is s a i d , t h e y c o n s i d e r e d a n u m b e r
o f a p p lic a tio n s fo r s t o c k .
T h e l a s t p r e v i o u s d i v i d e n d w a s p a i d in A p r i l 1 9 0 5 .
— D e p o sito r s
of
— A
o u t o f t h e p r o c e e d s o f t h e s a le o f t h e i n s t i t u t i o n ’ s q u i c k a s
se ts.
T h e a m o u n t p a i d is s a id t o b e a b o u t $ 2 3 0 , 0 0 0 .
th o u g h t
th a t w hen
th e r e m a in in g a s s e ts a re so ld
tio n a l d iv id e n d o f a b o u t 1 0 %
w ill b e p a i d .
I t is
an
a d d i
T h e in s titu t io n
c lo s e d i t s d o o r s in F e b r u a r y la s t u p o n t h e d i s c o v e r y o f d e
fa lc a tio n s b y
th e
313
THE CHRONICLE
A u g . 0 1910.
G eorge
in s t it u t io n .
W .
It
C o le m a n ,
w as
r e c e n tly
R . M a r s h a l l , c h a r g e d w i t h c o n s p i r a c y w it h
th a t
W illia m
John
J . K e li-
fu rth e r
d iv id e n d
of
5%
has
been
d e c la r e d
w h ic h f a i l e d i n S e p t . 1 9 0 8 .
to b e a b o u t $ 3 0 ,0 0 0 .
— A . V . S im o n , a fo r m e r C o u n c ilm a n o f P it t s b u r g h , w a s
s e n te n c e d
on
th e
1 4 th
u lt. o n
c h a r g e s g r o w in g o u t
c e r ta in b a n k s w e re n a m e d a s c it y d e p o s it o r ie s .
of
in c r e a s in g
its
c a p ita l
sto c k
of
th e
p a s s a g e o f a s t r e e t o r d i n a n c e a n d a n o r d i n a n c e u n d e r w h ic h
is e i g h t m o n t h s in j a i l a n d fin e s o f $ 2 0 0
p u rp ose
o f th e
b a n k ’s to t a l in d e b te d n e s s o f $ 5 9 8 ,1 2 5 h a s b e e n p a id to d a t e .
h e r in a i d i n g a n d a b e t t i n g C o l e m a n , h a d b e e n a r r e s t e d a n d
th e
th e
T h e a m o u n t t o b e p a i d is s a id
P ress d is p a tc h e s s a y t h a t 7 0 %
h e ld in $ 1 0 , 0 0 0 b a i l .
— F or
to
c r e d it o r s o f t h e C o s m o p o l i t a n N a t i o n a l B a n k o f P i t t s b u r g h ,
fo r m e r ly b o o k k e e p e r o f
re p o rte d
A n o t h e r m e e t i n g is t o b e h e ld o n
fin a l p l a n s f o r t h e o p e n i n g o f t h e i n s t i t u t i o n
fro m
— W .
M.
D o n a ld s o n
has
becom e
T h e sen te n ce
a n d c o sts.
P r e sid e n t
of
th e
M er
$ 7 5 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 , th e C e n tra l N a t io n a l B a n k o f P h ila
c h a n t s ’ N a t io n a l B a n k o f H a r r is b u r g , P a ., s u c c e e d in g H . D .
d e lp h i a h a s c a lle d a s t o c k h o l d e r s ’ m e e t i n g f o r S e p t . 1 4 .
Ile m le r , a n d J . F . D a p p
p roposed
to
is s u e
2 ,5 0 0
new
sh ares
(p a r
v a lu e
I t is
$ 1 0 0 ),
of
as
w h ic h p r e s e n t s h a r e h o ld e r s m a y t a k e o n e f o r e v e r y t h r e e o f
o ld n o w h e ld , p a y m e n t s to b e m a d e o n o r b e fo r e O c t . 4 .
its s t a t e m e n t o f
June
30,
a n d p r o fi t s o f $ 3 , 1 7 2 , 0 3 9
o f f ic e r s a r e :
th e
in s titu t io n
rep o rte d
In
s u r p lu s
a n d d e p o sits o f $ 1 9 ,5 5 5 ,7 0 3 .
Its
— L e w is
H .
Cook
T re a su re r o f th e
f ie ld , O h i o .
has
becom e
— The
&
C o m m e r c ia l
and
A s s is ta n t T re a su re r o f
o f C le v e la n d , O h io . •
N a tio n a l
to
S e c re ta ry
S a v in g s C o . o f S p rin g
M r. C o ok w as fo r m e r ly
h a s d e c l a r e d , in a d d i t i o n
— F r a n k H a s t i n g s h a s b e e n e le c t e d P r e s i d e n t o f t h e S e c o n d
A s s is ta n t
A m e r ic a n T r u s t
t h e G a r fi e ld S a v i n g s B a n k C o .
W m . T . E l l i o t t , P r e s i d e n t ; W m . P o s t , C a s h ie r ,
a n d W m . Y . C o n r a d a n d A . H . J o n e s , A s s i s t a n t C a s h ie r s .
ta k e s th e p la c e o f M r . D o n a ld s o n
V ic e -P r e s id e n t .
Bank
of
C o lu m b u s ,
O h io ,
t h e r e g u la r q u a r t e r l y d i v i d e n d
o f 2 % , a n e x t r a d iv id e n d o f 2 % , m a k in g 4 %
in a ll t o b e p a i d
N a t i o n a l B a n k o f A l t o o n a , P a . , t o . r e p la c e t h e l a t e J o h n P .
fo r th e J u ly q u a r te r o n
Levan.
c o r d i n g t o t h e “ O h i o S t a t e J o u r n a l ,” t h e i n s t i t u t i o n a ls o p a i d
M r.
H a s tin g s h a d
n u m b er of years.
been
W illia m
H .
C a s h ie r o f t h e b a n k
A lle n
has becom e
fo r a
A s s is t a n t
C a s h ie r .
an
e x tr a
— S to c k h o ld e r s
of
th e
M e rc h a n ts’
N a tio n a l
and
F ir s t
th e
0 8 3 ,8 6 4 .
— The
banks of
3 d in s t.
P h i la d e lp h i a
T h e s to c k h o ld e r s
r a t if ie d
o f th e
th e
p la n s
fo r
M e r c h a n ts ’ N a tio n a l
of
In
2%
its
p o r t e d s u r p lu s a n d
m e r g e r o f t h e t w o in s t i t u i t o n s a t s e p a r a t e m e e t i n g s h e ld o n
N a tio n a l
th e
d iv id e n d
d is b u r s e m e n t.
e le c t e d
J.
A.
S a v in g s
M e tc a lf
u n a n im o u s ly
$ 1 ,5 0 0 ,0 0 0
in
accordan ce
w ith
th e
te rm s
in f a v o r o f
$ 1 ,0 0 0 ,0 0 0
of
th e
to
m erger
Bank
and
P re sid e n t a n d
F ir s t N a tio n a l s to c k h o ld e r s v o t e d
l a s t .p r e v i o u s
of
June
30
and
C a s h ie r o f
of
C o lu m b u s ,
Bem an
th e
Thom as
in s titu tio n ,
m e r ly
been
d ir e c t o r s
of
th e
M e rc h a n ts'
N a tio n a l
s u c c e e d in g
its
q u a r te r ly
1°
7 ) 4 :% ,
th e re b y
to
30% .
The
d iv id e n d
r a is in g
bank
has
on
th e
th e a n n u a l
a
c a p it a l
2d
in s t.
fr o m
d iv id e n d s fr o m
o f o n ly
$ 5 0 ,0 0 0 ,
s u r p lu s f u n d o f $ 4 0 0 , 0 0 0 .
— In
accordance
w ith
th e
M id d e n d o r f, W illia m s
4th
in s t.
purchased
F arm ers’
N a tio n a l
1 ,5 0 0
Bank
p la n
put
out a
new
sh ares
of
is s u e
announced
som e
a
_
of
of
th a t
th e
c ity .
I t is r e p o r t e d t h a t t h e n e w i n t e r e s t s in
th e b a n k h a v e p u r c h a s e d th e r e m a in in g u n p a id c a p it a l a n d
$ 5 0 0 ,0 0 0
T h e in s ti
h a s d e p o sits o f a b o u t $ 2 0 0 ,0 0 0 .
— In
o r d e r t h a t h e m ig h t d e v o t e a ll h is a t t e n t io n
a s P re sid e n t o f
t o h is
th e
F ir s t
N a tio n a l
Bank
of
C a n to n ,
O h io .
L o u is A . L o ic h e t, w h o w a s V ic e -P r e s id e n t o f th e la t t e r , h a s
su cceed ed
to
th e
o f th e C en tral
w eeks
C o m m e r c ia l
The
J.
p re sid e n c y .
N a tio n a l
Bank
C o l.
and
S u lliv a n
th e
is
P re sid e n t
S u p e rio r S a v in g s
&
T r u s t C o . o f C le v e la n d .
& C o . o f B a lt im o r e , M d ., o n th e
r e c e n t l y r e d u c e d it s c a p it a l f r o m
th e n
24%
.......
ago,
6%
but
E.
C le v e la n d , O h io , in s t it u t io n s , C o l. J . J . S u lliv a n h a s re sig n e d
— T h e A t la n t ic C ity N a tio n a l B a n k o f A t la n t ic C it y , N . J .,
in c r e a s e d
has
c a p i t a l o f $ 5 0 , 0 0 0 , o f w h i c h a b o u t $ 4 1 , 0 0 0 h a d b e e n p a i d in
a t th e la s t s t a t e m e n t .
Bank.
T h e d e t a i l s o f t h e m e r g e r w e r e g i v e n in o u r is s u e o f J u ly 9 .
O h io ,
T h e in s t it u t io n h a s a n a u th o riz e d
tu tio n
m e m b e r s h a v in g fo r
re
r e s p e c tiv e ly
t h a t t h e l a t t e r w ill s o o n b e i n c r e a s e d t o 8 1 0 0 , 0 0 0 .
new
bank
d e p o s its o f S 3 ,-
to e ig h te e n
th e s e v e n
q u a r te r ly
th e
a r r a n g e m e n t a n d in c r e a s e d t h e b o a r d o f d ir e c t o r s f r o m e le v e n
m em b ers,
A c
W . F . H o f f m a n is P r e s i d e n t .
S e c u rity
S m ith a n d F . T . J o n e s.
t h e m e r g e r ; t h e y a ls o r a is e d t h e c a p it a l f r o m
th e
p r o fits o f $ 2 2 6 ,0 1 1
o f 9 ,2 6 1
The
w ith
sta te m e n t
a p p r o v e d t h e m e r g e r b y a v o t e o f 9 ,1 2 1 s h a r e s o u t o f a t o t a l
a n d n a m e d a li q u i d a t i n g c o m m i t t e e o f t h r e e .
it s c a p it a l s t o c k o f $ 3 0 0 ,0 0 0 .
&
in s titu tio n
to $ 3 5 0 ,0 0 0 a n d
$ 1 5 0 ,0 0 0 , it b e in g a n n o u n c e d
— The
U n ite d
S ta tes C ou rt o f
A p p e a ls
on
J u ly
1 3 th
o r d e r e d th e s e t t in g a s id e o f th e s e n te n c e s im p o s e d o n J a m e s
S.
P r e tty m a n ,
Jacob
K apner and
Abe
K apner,
w ho
w ere
c o n v ic te d o n c h a r g e s g r o w in g o u t o f th e fa ilu r e o f th e F ir s t
N a tio n a l B a n k o f D r e s d e n , O h i o , a n d d ir e c te d t h a t t h e y b e
g iv e n n e w tr ia ls .
T h e C o u r t d e c id e d t h a t th e c h a r g e s a g a in s t
a t t h e t i m e t h a t t h e n e w s t o c k w o u ld b e t a k e n b y M i d d e n d o r f ,
P re tty m a n ,
W illia m s
b e e n p r o v e d ,a n d t h a t th e c o n v ic t io n o f th e K a p n e r s w a s n o t
&
Co.
T h e p r i c e p a i d is s a i d
to h a v e b een
$120
w ho
w a s V ic e -P r e s id e n t o f
th e
bank,
had
not
a s h a r e , t h u s g i v i n g t h e i n s t i t u t i o n a c a p it a l o f $ 5 0 0 , 0 0 0 a n d
ju s t i f i e d b y t h e e v i d e n c e .
in c r e a s in g it s s u r p lu s b y $ 3 0 , 0 0 0 .
o f th e K a p n e r B r o s . & D u g a H o s ie r y C o ., a n d it w a s a lle g e d
$ 1 ,4 0 0 ,0 0 0 .
Sam uel
II.
I t h a s d e p o sits o f a b o u t
S h r i v e r is
P re sid e n t o f
H . F . M cse rv e o f M id d e n d o r f, W illia m s
d e n t , a n d I I . M . M a s o n , C a s h ie r . '
Sc C o . ,
.
th e b a n k ,
V ic e -P r e s i
J a c o b K a p n e r w a s fo r m e r ly h e a d
t h a t t h e f a il u r e o f t h e b a n k w a s d u e t o h e a v y l o a n s t o t h e
h o s ie r y
,;c j
com pany.
— A n i n d i c t m e n t w h ic h is s a i d t o h a v e c h a r g e d t h e e m b e z z l e
— T h e A m e r ic a n N a tio n a l B a n k o f W a s h in g t o n , D . C ., a t
m e n t o f $ 3 7 5 a g a in s t G e o rg e G . M e tz g e r , fo r m e r ly P re sid e n t
a s t o c k h o l d e r s ’ m e e t i n g o n J u ly 2 7 , i n c r e a s e d i t s c a p it a l s t o c k
o f th e fa ile d B r o a d w a y S a v in g s B a n k
fro m
w as q u ash ed o n
$ 5 0 0 ,0 0 0
to
$ 6 0 0 ,0 0 0 .
The
e n la r g e d
c a p it a l
w ill
be
J u ly 5 t h
by
Judge
Co.
o f T o le d o , O h io ,
Joh n son of
th e C o m
c o m e e f f e c t i v e O c t . 1 a n d w ill b e b r o u g h t a b o u t t h r o u g h t h e
m o n P le a s C o u r t a t t h e r e q u e s t o f P r o s e c u t o r H . C . W e b s t e r .
i s s u a n c e o f 1 ,0 0 0 n e w s h a r e s o f s t o c k ( p a r v a l u e $ 1 0 0 ) , t o b e
T h i s r e c o m m e n d a t i o n is r e p o r t e d t o h a v e b e e n m a d e o n t h e
s o ld
to o u t
g r o u n d t h a t t h e c h a r g e c o u ld n o t b e p r o v e d .
to
w a s f r e e d o f a s i m i l a r i n d i c t m e n t o n J u n e 2 0 , w h e n a j u r y , in
t o p r e s e n t s h a r e h o ld e r s a t $ 1 5 0 p e r s h a r e a n d
s id e r s
at
$160
per sh are.
The
in s titu t io n
$ 5 5 , 0 0 0 t o it s s u r p l u s in t h i s w a y .
e x p e c ts
add
W . T . G a l li h e r is P r e s i
a c c o r d a n c e w ith in s tr u c tio n s fr o m
d e n t o f t h e b a n k , C o lin I I . L i v i n g s t o n e a n d I I . I t . W a r f i e l d
a
V ic e -P r e s id e n ts ,
cern ed
J.
W .
W illia m
W illia m s a n d
S e lb y ,
Edm und
S.
C a s h ie r ,
W o lfe ,
and
A.
C.
W e st,
A s s i s t a n t C a s h ie r s .
v e r d ic t o f a c q u it t a l.
th e
It
e m b e z z le m e n t
J u d g e J o h n s o n , r e tu r n e d
is s t a t e d
of
M r. M e tzg e r
$ 4 ,0 0 0
th a t
in
th is
charge
“ m o n e y ;”
con
th a t
th e
e v id e n c e w e n t to s h o w t h a t a d r a ft f o r t h a t a m o u n t w a s in
T h e i n s t i t u t i o n , in it s s t a t e m e n t f o r J u n e 3 0 , r e p o r t e d s u r
v o lv e d , a n d t h a t J u d g e J o h n s o n ru le d in e ffe c t t h a t c h e c k s
p l u s a n d p r o fi t s o f $ 1 9 7 , 3 3 3 a n d d e p o s i t s o f $ 2 , 4 4 9 , 8 8 4 .
o r d r a f t s w e r e n o t “ m o n e y ” w i t h i n t h e le g a l m e a n i n g o f t h e
— T h e D a y & N i g h t B a n k is t h e n a m e u n d e r w h ic h a n e w
i n s t i t u t i o n is b e i n g f o r m e d in B a l t i m o r e .
I t is r e p o r t e d t h a t
a b ill p r o v i d i n g f o r t h e o r g a n i z a t i o n o f t h e b a n k w a s p a s s e d
te rm .
T h e in d ic t m e n t s w e re r e tu r n e d i n 1 9 0 8 , fo llo w in g th e
su sp e n sio n o f th e in s titu t io n o n A p ril 2 o f t h a t y e a r .
— G eorge
H .
T h e c a p it a l h a s b e e n
F ir s t
N a tio n a l
f ix e d a t $ 1 0 0 , 0 0 0 , b u t i t is s t a t e d t h a t t h e c o m p a n y is e m
June
1909,
p o w e r e d t o in c r e a s e t h e a m o u n t t o $ 1 , 0 0 0 , 0 0 0 .
im p r is o n m e n t.
a t t h e l a t e s e s s io n o f t h e L e g i s l a t u r e .
is
in
sh ares
of
$10.
A c c o r d in g
to
th e
T h e sto c k
B a ltim o r e
“ S u n ,”
Beddow ,
Bank
w as
of
fo r m e r ly
A s s is ta n t
Iro n w o o d ,
M i c h .,
s e n te n c e d
He
on
th e 2 5 t h
w a s r e le a s e d
on
a n a p p e a l to th e A p p e lla t e C o u r t .
P r e sid e n t,
in
b a il,
p e n d in g
B e d d o w , to g e th e r w ith
II.
n c w jb a n k .
la s t , w a s a r r e s te d s h o r t ly a ft e r th e b a n k ’s fa ilu r e o n c h a r g e s
r e c e iv e d
and
$ 1 0 ,0 0 0
f a il e d
f iv e y e a r s ’
C a s h ie r ,
w ho
fo rm e r
to
A r t h u r P . G o r m a n J r ., S t a t e S e n a t o r in M a r y l a n d , is i n t e r
Jahn,
u lt .
e s t e d in t h e p r o j e c t , a n d is e x p e c t e d t o b e P r e s i d e n t o f t h e
T h e ^ o r g a n i z e r s j f f ^ t h e J n s t i t u t i o n h e ld a m e e t i n g
F.
C a s h ie r o f t h e
w h ic h
a s e v e n -y e a r
E.
T.
L arson ,
se n te n c e
in
fo rm e r
S e p te m b e r
314
THE CHRONICLE
of fraud and conspiracy. Jahn committed suicide on Sept. 4
1909. The institution had a capital of $50,000 and de
posits of about $600,000.
—A new national bank, to be known as the Lincoln
National Bank, is being organized in Detroit, Mich. In a
circular which is being sent out .by F. A. Smith, who has
charge of the organization plans, it is pointed out that
Detroit, with a population of about 450,000, has only four
national banks, though there are in addition a number
of important State institutions. The deposits of Detroit's
banks have increased 85% during the past ten years, having
advanced from $67,744,955 to $125,297,625; yet there has
been a decrease in the number of banks through consolida
tions. The clearing-house figures show an equally large
percentage of increase, the total bank clearings for the city in
1909 being $767,738,122, as against $415,073,499 in 1899.
Manufacturing interests during the past ten years, according
to the Board of Commerce reports, have increased 85%.
Mr. Smith, who will be actively associated with the new
bank, has been prominent in banking circles for many years,
having been Cashier of the Commercial National Bank, and
after its consolidation with the First National held the
responsible position of Assistant to the President.
—On Monday, Aug. 1, the Continental & Commercial Na
tional Bank of Chicago commenced a consolidated business in
the quarters of the old Commercial National, corner of Clark
and Adams streets. The removal, of the assets of the
Continental National, amounting to over one hundred
millions, was accomplished quietly and expeditiously after
bank hours on Saturday. As a result of this merger the
new Continental & Commercial National Bank now ranks
second in the United States in resources—only the National
City Bank of New York surpassing it.
The Continental & Commercial Trust & Savings Bank,
which is an affiliated institution with nearly twenty millions
resources, occupies the old quarters of the Continental Na
tional and the American Trust & Savings Bank, corner
Clark and Monroe streets. By this arrangement both the
National Bank and its.affiliated trust company have superb
and commodious accommodations. George B. Caldwell and
C. Frederick Childs are associate managers of the bond
department.
—E. W. Harden has resigned as Vice-President and direc
tor of the Monroe National Bank of Chicago, having removed
to New York.
—James Lawrence Houghteling, for a quarter of a century
a member of the prominent Chicago banking firm of Peabody,
Houghteling & Co., died late last week at his home in Winnetka, 111., from nephritisf^ He was born in Chicago in 1855
and ranked as one of its most~useful citizens socially,"'as a
business man, a religious worker and a philanthropist. He
was in 1883 the founder of the Brotherhood of St. Andrew
and for many years was its President. He had also during
his life in Chicago been President of the Young Men’s
Christian Association (to which he was a generous contribu
tor) , President of the Board of Trade, and an influential mem
ber in the University, Commercial, Onwentsia and numerous
other clubs.
—Mayor Busse of Chicago has just appointed three
prominent bankers of that city as members of the reorganized
police-pension board of five, to Handle in future the large fund
(now over $800,000) devoted to that purpose. The appoint
ments announced by the Mayor are: John J. Mitchell, Presi
dent of the Illinois Trust <SSavings Bank, to succeed Thomas
Hoyle, who formerly was Treasurer; Joseph E. Otis, Presi
dent of the Western Trust & Savings Bank, to succeed
William E."Fortune, who recently was elected Treasurer by
the board in place of Boyle; Oscar G. Foreman, Vice
President of Foreman Brothers’ Banking Co., to succeed
former President William Rothman.
—News of another merger of -two Chicago institutions—
the Prairie National Bank and the Western Trust & Savings
Bank—came to hand during the week. Dispatches from
Chicago say that the negotiations have been practically
completed and that the actual merger of the institutions
merely awaits the vote of the directors and the stock
holders. The terms of consolidation provide that the
Western Trust & Savings Bank shall issue $250,000 new
stock for the purchase of the assets of the Prairie National.
The latter has a capital of $250,000 and the exchange of
shares will, therefore, be on an equal basis. The capital of
the Western Trust & Savings Bank will be increased to
$1,250,000 by the transaction. The combined institution
[V O L . L X X X X I .
will have deposits of [$10,651,070. It [is reported that
President George Woodland of the Prairie National and
H. J. Evans, a director, will be elected directors of the
Western Trust & Savings Bank at once to fill vacancies,and
that Harry R. Moore, Vice-President of the Prairie National,
will become Cashier of the Western Trust & Savings Bank,
succeeding William C. Cook, who will be made a Vice
President.
The Western Trust & Savings Bank of Chicago was
admitted to membership in the Chicago Clearing-House
Association on the 29th ult., following the report of the
Clearing-House Committee, which unanimously recommen
ded the action. J. B. Forgan is Chairman of the Committee.
The new member has been assigned No. 25. Two other
changes, it is reported, will be made this week, owing to the
merger of the Continental National and Commercial National
banks. The Continental & Commercial National Bank
will be No. 3 on the list, the present number of the Com
mercial; No. 11, which is the Continental’s present number,
remaining blank. The Continental & Commercial Trust &
Savings Bank will be assigned the present number of the
American Trust & Savings Bank, No. 17. The Western
Trust & Savings Bank has a capital of $1,000,000 and in its
statement of June 30 reported surplus and profits of $207,424
and deposits of $8,745,965. Its officers are: Joseph E.
Otis, President; Walter H. Wilson and Lawrence Nelson,
Vice-Presidents; Williatn C. Cook, Cashier; and Addison
Corneau, Assistant Cashier.
—The Broad Street Bank of Richmond, Va., announces
that it has purchased the business and good will of the
Broad Street branch of the Bank of Richmond. The Broad
Street Bank has a capital of $200,000, surplus and profits
of $110,000 and deposits (exclusive of those of the Broad
Street Branch Bank of Richmond) of over $1,250,000. It is
also announced that a contract for the erection of a new
building at its present location has been given and that,
pending the erection of its new home, the business of the insti
tution will be transacted at the present quarters of the newly
acquired Broad Street branch of the Bank of Richmond at
303 East Broad Street.
—The Capitol Savings Bank of Richmond, Va., and the
Bank of Commerce & Trusts, of the same city, have agreed
to consolidate. The officers of the enlarged institution
will be: Oliver J. Sands, President; A. R. Ilolladay, Vice
President, and R. M. Kent, Cashier. No date has been
set for the actual consolidation, but it is expected to take
place within two months. The Capitol Savings Bank has a
capital of $50,000. The Bank of Commerce & Trusts
recently took steps to increase its capital from $200,000 to
$300,000..
—The latest report of the First National Bank of Rich
mond, Va., to the Comptroller of the Currency reveals the
fact that its deposits of $5,922,126 75 on June 30 were the
largest of any institution in that city. Its earned surplus
on that date was $1,000,000, in addition to $15,783 undivided
profits and $1,000,000 capital. Following the practice of
some large corporations inviting publicity to their inside
financial operations, the officers of this bank make a public
report annually to its stockholders showing in exact detail
many things which are generally kept confidential among the
directors of banking institutions. Summing up last year’s
business, the President, John Purcell, in his letter to the
stockholders Jan. 1 last, stated that the gross profits for
1909 were $317,065; amounts recovered from old debts,
$11,303, and profits on sales of U. S. bonds, $1,244, brought
the total profits up to $329,612, out of which there was
deducted $119,740 for taxes and expenses, $5,594 for losses
charged off, $90,000, or 9% yearly, for dividends paid
stockholders during 1909, leaving a cash balance of $114,277.
Adding to the latter $43,365, the balance of undivided
profits from 1908, the net profits were $157,642, of which
$100,000, or an amount equal to 10% of the capital, was
carried to surplus fund Dec. 31 1909, letting the undivided
profits stand at $57,642 on Jan. 1 1910. This was a gain in
capital, surplus and undivided profits, &c., of $114,277 over
the previous business year 1908. The bank’s aggregate
resources June 30 1910 were $9,516,787. John M. Miller Jr.
is Vice-President and Cashier, and Frederick Nolting, Vice
President. The Assistant Cashiers are J. C. Joplin, W. P.
Shelton and Alex. F. Ryland.
—The City Bank & Trust Co. of New Orleans, La., has
moved into its new home on Carondelet St., near Canal.
The building is an entirely new one, the site having been
purchased by the institution about a year ago. The New
315
THE CHRONICLE
A u g . 6 1 9 1 0 .J
The clearings for the week ending July 30 make a very
Orleans “ Picayune" points out that in 1906, the year of its
organization, the institution had deposits of about $150,000, satisfactory comparison with the same week of 1909, the
but that now they are about $700,000. The bank has a increase in the aggregate having been 30.4%.
capital of .$150,000. M. J. Sanders is President and F. P.
W e ek ending J u ly 30.
Clearings a t —
Breckinridge, Manager and Cashier.
In c. or
1907.
D ec.
1908.
1909.
1910.
—The increase in the capital stock of the Zion’s Savings
«
Canada—
Bank & Trust Co. of Salt Lake City, Utah, from $200,000 to
8
%
i
S
Montreal ________ _____ 43,677,128 34,291,767 + 27.4 25,784,308 27,584,458
$500,000, as detailed in our issue of May 28, became effective Toronto________________
28,401,043 24,636,410 + 14.1 20,528,560 21,991,328
Winnipeg......... ................
8,628,238 10,501,179
17,774,471 10,149,576 + 75.1
on July 1. The institution, in its statement of July 9, Vancouver.....
...................
3,822,733
3,397,208
8,965,777
5,419,512 + 65.4
Ottawa......... ........ ............
2,513,527
2,738,587
3,411,778
+ 9 .8
3,106,885
reported surplus and undivided profits of $313,145 and Quebec..............................
1,753,891
2,249,398
2,453,798
— 8.3 . 1,793,509
Halifax________________
1,844,565
1,930,231
deposits of $5,127,500.
1,722,450
1,710,863 + 13.2
Hamilton________ _____
1,457,552
1,783,436
1,096,044
1,546,550
— 5.7
—Samuel D. Reynolds was appointed receiver of the First Calgary _______________ 2,875,224 1,754,731 + 63.9 1,057,720 1,341,280
t.J o h n ....... .......... ..........
1,312,512
1,535,324
1,393,871 + 10.1
1,196,551
Trust & Savings Bank of Billings, Mont., on the 14th ult. SLondon
_______________
1,217,775
1,336,938
991,510 + 2 2 .8
882,995
Victoria.......... ..................
772,991
1,822,775
1,315,725 + 3 8 .5
1,050,559
The institution was affiliated with the First National Bank Edmonton
........................
874,185
671,089
739,048 + 8 0 .2
1,332,906
of Billings, and both suspended business on July 2. Both Keglna ...................... ........
858,617 Not Incl. In total.
Brandon_______________
429,772 Not Incl. In total.
are said to hold State deposits.
—The Los Angeles Hibernian Savings Bank is the name Total Canada________ 110,727,382 89,510,296 + 3 0 .4 70,547.878 77,403,023
of a new institution which began business in Los Angeles,
Southern Clearings brought forward from first page.
Cal., on June 1. The bank has a capital of $250,000, divided
into 2,500 shares of $100 each. Of this amount, $148,500
S even M onths.
has been paid in. There is no surplus, the institution being Clearings at —
in existence less than sixty days. The deposits July 30
amounted to $290,000. The officers ai'e as follows: Robert
Louis_____
G. Hill, President; D. F. McGarry and George W. [Lichten- St.
New Orleans. .
isville-----berger, Vice-Presidents; Geo. A. J. Howard, Cashier, and HL ou
o u s to n ..........
Walter R. Holly, Assistant Cashier.
G alveston ____
Richmond ___
—H. J. Welty, formerly President of the defunct Home Fort W orth ___
M em phis..........
Security Savings Bank of Bellingham, Wash., was arrested A tla n ta ---------Nashville ____
on charges of embezzlement, but subsequently released on Savannah
____
$10,000 bail. Einerys Morgan and George M. Crawford, N o rfo lk .............
Birmingham . .
formerly Cashier and Vice-President respectively, of the in Jacksonvl.le . .
v illJ -----stitution, were arrested on the charge of receiving deposits MK nobo xile...............
.
when they knew the bank was insolvent. Bail in each case Chattanooga.
Charleston____
was fixed at $2,500. The institution had a capital of Little l t o c k ...
$ 100, 000 .
—The Merchants Bank of Canada (head office, Montreal),
has declared a quarterly dividend of 2 } 4 % , payable
September 1 to holders of record August 15. This contrasts
with 2% previously paid and raises the annual rate of distri
bution from 8% to 9%.
—Terms of the merger of the Union Bank of Halifax, at
Halifax, Nova Scotia, with the Royal Bank of Canada (head
office, Montreal), to which we referred in our issue of July 16,
have been announced. At a special meeting to be held on
Sept. 8 the stockholders of the Royal Bank will be asked to
ratify the issuance of 12,000 shares of new stock, having a
par value of $1,200,000, for the purchase of the assets of the
Union Bank, the terms being that for every five shares of
Union Bank stock (par value $50) two shares of Royal Bank
stock (par value $100) will be issued. The Union Bank has
a capital of $1,500,000. In a circular the directors of the
Union Bank (whose stockholders will meet on Sept. 7 for
the purpose of approving the merger), explaining the reasons
that prompted them to favor the consolidation, point out
that they have long been convinced of the necessity of raising
new capital in order to successfully compete with the larger
banks, but that this new capital was not forthcoming.
—The annual dividend rate of the Bank of Ottawa, at
Ottawa, Ont., was increased from 10% to 11% at a meeting
of the directors held on the 25th ult., the new rate to go into
effect with the payment of the quarterly dividend on Sept. 1.
The increase was made, the “ Montreal Gazette" states, so
as to let the shareholders participate in the continued pros
perity of the bank, inasmuch as the reserve fund of the insti
tution is now larger than its capital.
Canadian Bank Clearings.—The clearings of the Canadian
banks for the month of July 1910 show an increase over the
same month of 1909 of 20.0% and for the seven months the
gain reaches 21.6%.
,
J u ly .
S even M on th s.
Clearings at—
1910.
1909.
Inc. or
D ec.
1910.
1909.
Inc. or
D ec.
r
Canada—
S
S
'S
%
%
Montreal......... 191,790,531 168,927,013 + 13.5 1,186,672,711 1,003,908,538 + 18.2
Toronto ......... 130,430,610 121,980,587 + 9.2 895,728,730 803,828,741 + 11.4
Winnipeg......... 78,409,478 50,701,664 + 54.0 471,074,555 353,115,864 + 3 3 .6
Vancouver____ 37,630,303 22,973,715 + 6 3 .8 242,139,175 139,793,980 + 73.2
O ttaw a........... 16,080,916 11,577,020 + 10.3
110,872,800
98,511,274 + 12.5
Quebec............. 10,933,711 11,420,348 — 4.3
68,798,790
05,271,801 + 5.4
9,554,905 — 5.3
9,050,371
H alifax...........
58,065,463
53,212,734 + 9.1
8,114,859 + 3 .0
8,356,331
Hamilton.........
56,092,900
45,917,290 + 22.2
8,207,557
12.371,753
Calgary...........
+ 4 9 .6
81,871,412
47,728,358 + 71.5
6,615,511 + 6.4
St. John...........
7,038,760
44,068,810
39,508,173 + 11.4
5,020,237 + 0.2
London ...........
5,926,075
39,050,561
35,721,507 + 9.3
6,051,953
Victoria ......... 10,517,023
+ 7 3 .8
55.397,039
38,938,718 + 50.0
1,183,286 + 39.4
Edmonton____
35,751,123
6,831,885
27,438,510 + 3 0 .3
lleglna ...........
4.052,201 Not Incl. In total.
24,854.449 Not Incl. Into tal.
Brandon------9,308.085 Not Incl. Into tal.
2.075,817 Not Incl. In total.
Total Canada 530,379,810 441,995,316 + 20.0 3,346,187,153 2,750,985,554 + 21.0
Augusta______
O klahom a____
Macon ..............
B e a u m o n t ___
A u stin ________
Columbia.......... <
W llm ’ton .N .C .j
Columbus, Ga_
G u th rie............
V icksburg____ ;
V a ld o sta _____
Jackson _______
Meridian* . . . .
Tot. South'n!725,607,292j082,015,602
+ 6.4}5,591,311,2204,902,040,568| + 14-1
* Not included In totals, comparison Incomplete.
W eek ending J u ly 30.
C ln rin g a a t —
--------- ---- ----------- -- ——---- -------—
St. Louis.............
New Orleans-----Louisville............
Houston_______
Galveston______
Richmond _____
Fort Worth_____
Memphis_______
Atlanta...............
Nashvi le ______
Savannah ______
Norfolk................
Birmingham-----Jacksonville_____
Knoxville ________
Mobile.........................
Chattanooga . . .
Charleston................
Little Rock_____
Augusta-----------------Oklahoma...........
Macon..................
Beaumont .............
Austin
Columbia
Wilmington, N.C.
Columbus, Ga ___
rinthrlp
VJ UtiUlIC - - - - - - - Vlnkqhnrff
V U,AoUU 1(-J -----------Vftlflnsth
V tVIUUOUl - - - - ----iTftckson
Meridian .............
Total Southern
In c. or
D ec.
1909.
1910.
1907.
1908.
+ 11.2
+ 14.4
+ 12.3
+ 7.9
+ 6 .2
— 11.7
— 11.4
+ 5.2
+ 33.0
+ 0.3
+ 23.5
+ 10.8
+ 19.0
+ 37.1
+ 3 .7
+ 20.4
+ 24.3
+ 18.7
+ 4.2
— 5.5
+ 28.0
+ 2 .0
— 14.3
+ 55.9
S
56,662,342
9,729,011
10,126,116
8,196,510
4,300,000
4,608,180
3,946,543
3,046,640
2,651,106
2,753.809
2,279,732
1,626,102
1,314,087
1,018,799
1,087,181
979,648
982,S68
818,412
834,811
1,024,238
885,208
373,775
403,851
354,771
S
52,322,749
13,254,147
13,046,944
9.9S7,3C6
5,398,500
6,300,000
3,000,000
3,170,588
3,449,485
3,931,440
2,635,880
2,250,679
2,018,109
1,321,221
1,562,800
1,296,254
1,320,171
1,090,000
1,134,671
1,280,115
915,500
525,000
400,000
312,372
+ 16.7
280,000
400,000
S
04,934,275
14,195,628
11,114,498
11,162,797
4.977,500
5,984,527
4,391,894
3,439,914
6,619,551
3,775,077
2,836,346
2,568,044
1,859,275
1,927,548
1,451,421
1,286,680
1,344,390
1,133,619
1,203,891
1,310,816
2,175,697
612,000
600,000
684,771
S
58,386,123
12,408,922
9,893,811
10,343,950
4,688,000
6,779,309
4,950,542
3,268,990
4,977,220
3,762.813
2,297,600
2,317,405
1,562,859
1,405,593
1,399,662
1,068,269
1,081,560
954,469
1,155,386
1,386,958
1,700,000
600,000
700,000
439,202
364,562
%
183,305
169,683
+ 8 .0
205,922
250 000
175,000
232,000
156,312
+ 7 .8
+ 12.0
319,000
152,563,024
138,404,570
+ 9.0
120,808,668
132,036,895
Our usual monthly detailed statement of transactions on
the New York Stock Exchange is appended. The results
for the seven months of 1910 and 1909 are given below:
Seven M onths 1910.
D escrip
tion .
P a r Value
or Quantity.
A ctual
Value.
S even M onths 1909.
A ver.
Price.
P a r Value
or Q uantity.
A ctu al
Value.
iv e r .
Price.
112,095,658
111,943,337
Stockl Shs.
JVal. $10087,889,750 59.853.968.635 97.7 $10263,088,82f $9.782,528,314 95.3
UR. bonds 8375,350,000 $364,711,376 97.1 $795,511,600 8764,452,270 96.1
$246,064 104.9
8259,700
$234,700
8278,173 107.1
Gov’t bds.
824,462,842 100.5
State bonds
$30,754,950
$24,348,500
$30,682,290 99.8
$214,301 296.4
8784,400
$1,695,645 216.2
$72,250
Bank stks.
Total
$10495,038,800 $10251,336,119 97.7 $11083,255,875 $10571,903,791 95.4
The volume of transactions in share properties on the
New York Stock Exchange each month since Jan. 1 in 1910
and 1909 is indicated in the following:
THE CHRONICLE
316
We subjoin the totals for merchandise, gold and silver for
twelve months since July 1 for six years:
SALES OF STOCK AT THE NEW YO R K STOCK EXCHANGE.
1910.
M 'lh .
N timber
of
Shares.
1909.
V a lues.
P a r.
N um ber
of
Shares.
A ctu a l.
M erch a n d ise.
V a lues.
P a r.
[V O L . L X X X X I.
A ctu a l.
S
S
$
$
Jan . 24,538.649 2,255,816,775 2,236,041,564 17,275,500 1,609,551,575 1,550,409,801
Feb . 16,012,626 3,423,073.275 1,407,743,928 12,337,199 1,142,192,700 1.082,075,181
Mch. 14,988,179 1,336,803.725 1,327,476,419 13,050,595 1.240,583,900 1.175,409,706
lstqr 55.539,454 5,015,693,775 4,971,861,911 43,263,294 3,992,328.175 3,807,954,748
April 14,089,639 1,279,487,675 1,256,488,974 19,055,Gish,719,193,800 1,047,943,217
May 11,918,978 1,055.491,350 1,004.681,480 16,495,2.30) 1,478.017.600 1.410,748.1.14
June 16,292,870 1,452,455,025 1,385,474,622 20,322.2301.882,256.850 1,815,478,974
2d qr 42,301,487^3,787,434,050 3,646,645,076j55,873.0785,079,468,250,4,874,171,105
6 m’s 97,840.941 8,803,127,8258,618,506,987j99.136,372 9,071.796,4258,682.125,853
Twelve
M onths.
Im ports.
E xports.
1909-10
1908-09
1907-08
1906-07
1905-06
1904-05
S
1,744,966
1,663,011
1,860,773
1,880,851
1,743,864
1,518,562
G old.
E xcess
of
E xports
8
S
1,557,855 187,111
1,311,92C 351,091
1,194,342 666,431
1,434,421 116,430
1,226,502 517,302
1,117,513 401,049
E xports.
$
118,563
91,532
72,433
51,399
38,574
92,594
Im ports.
Silver.
E xcess
E xof
E xp orts ports.
$
S
43,340 75,2231
44,00 1 47,528
148,337 -(75,901
114,510 (63,111
96,222 357,048
53,649 38,945
s
55,287
55,083
57,921
56,739
65,869
48,849
E xcess
of
E xp orts
Im ports.
$
S
45,217 10,070
43,955 11,728
41,658 13,203
42,947 13,792
44,443 21,426
27,485 21,364
a Excess of Imports.
Similar totals for six months since January 1 for six years
make the following exhibit:
July 14,254,713 1,284,761,925|l,235,461,645U2,806,965 1,191.292,4 0 o | l, 1 0 0 ,4 0 2 ,4 0 1
M ercha ndise.
The following compilation covors the clearings by months
since Jan. 1:
S ix
M onths.
MONTHLY CLEARINGS.
Clearings Outside N ew Y ork .
Clearings, T otal A ll.
M onth.
1910.
1909.
%
$
s
Jan __ 17.143,348,295 14.052,390,638 + 22.0
Feb . . 13,111,985,258 11,260,311,084 + 16.4
+ 19.0
12.623.772,489
M c h .. 15,021,382,183
1910.
s
5.894,272,314
4,960,845,197
5,975.198,570
1909.
%
S
5,168,090.843 + 14.0
4,372.605.700 + 13.4
6,136,934.369 + 16.3
1st qr. 45.276,715.736 37,936.474,111 + 19.3 16,830,315.081 14,677.630.972 + 14.7
April . 14,014,994,640 13.692.120.791
M a y .. 13.147,7 0.447 13.006.573,040
June.. 13,811,172,040 14,155,364,270
+ 2.3
+ 1.4
— 2.4
5,673.333.468 5.077.392,114 + 11.3
5.310,7. 0,8 0 4,910,322,048 + 8.8
5,446,850.931 5,043,660,966 + 8.0
2d qr. 40,973,927,133 40,854,058,101
+ 0.3 16,460,975,292 15.031,375.728
6 mos. 83.230,042,869 78,790,532,212
+ 9.5 33.291,290.373 29.709.006.700 + 12.1
J u ly .. 13,2S6,915,321 13,469,063,652
— 1.4
5,408,248,525
5,149,321,905
1910 ...
1909 ...
1908 ...
1907 ...
1906 ...
19 0 5 ...
The course of bank clearings at leading cities of the
country for the month of July and since Jan. 1 in each of
the last four years is shown in the subjoined statement:
BAN K CLEARINGS AT LEADING CITIES.
— ---------------J u ly ----------------------------------J a n . I lo J u ly 31— -----(000,000s
1910. 1909. 1903. 1907.
1910.
1909.
1908.
1907.
om itted.)
S
$
s
s
$
S
$
$
New York......... .. . 7,879 8,320 6,018 7,312 60,838 57,401 41,577 55,215
8,272
Chicago ................ . 1,142 1,176 1,002 1,087
7,955
0,746
7,299
B oston.................. .
714
4,883
697
709
649
4,949
4,136
5,095
Philadelphia......... .
658
504
4,584
3,840
556
636
3,390
4,371
St. Louis............... .
255
268
298
276
2,156
1,917
1,727
1,865
Pittsburgh........... .
222
207
176
244
1,528
1,303
1.207
1,667
195
165
San Francisco____ .
171
1S3
1,318
982
1,091
1,338
Cincinnati............. .
104
122
108
127
842
737
795
715
B iltlmore ......... .. .
140
128
114
130
914
870
S24
706
192
Kansas City......... .
178
144
923
131
1,487
981
1,301
Cleveland________ .
98
81
68
532
88
585
481
430
68
New Orleans_____ .
68
52
08
501
502
484
449
Minneapolis......... .
80
71
70
97
548
023
607
496
50
52
Louisville_______ .
49
59
401
384
334
402
Detroit.................. .
79
75
56
63
539
427
389
413
51
Milwaukee______ .
53
45
47
310
370
304
324
Los Angeles......... .
01
57
44
50
471
382
2S8
370
33
28
Providence _____ .
35
34
237
218
188
230
O m ah a------------- - .
02
59
40
44
491
420
341
327
45
37
40
40
294
201
Buffalo.................. .
235
258
50
39
39
41
329
207
St. Paul_________ .
268
268
272
43
39
30
37
240
Indianapolis ____ .
215
244
34
281
264
39
38
30
224
Denver.................. .
233
32
202
25
29
227
Richmond............. .
30
109
188
177
151
19
10
19
141
Memphis _______ .
19
142
55
39
45
350
309
Seattle__________ .
48
230
286
17
18
134
109
16
99
Hartford ........... .
20
115
23
31
190
187
30
135
24
Salt Lake City__ .
182
Im ports.
s
804,740
787,973
877,797
910,450
857,842
740,968
800,332
717,997
522,451
751,279
637,359
589,941
$
4,408
69,976
155,340
189,171
220,483
151,027
S
49,510
63,834
53,519
36,300
31,011
39,831
Im ports.
Silver.
E xcess
E xof
E xp orts ports.
S
S
19,388 30,128
20,130 43,698
26,308 27,151
21,409 14,831
62,538 (130,927
16,610 23,221
$
27,054
29,360
25,514
29,219
33,437
25,082
E xcess
of
E xp orts
Im ports.
$
21,901
22,872
21,054
22,396
23,077
15,173
S
5,153
6,488
4,460
6,823
9,700
9,909
a Excess of Imports.
In these tables of totals, gold and silver in ore for all years
are given under the heads respectively of gold and silver.
The following shows the merchandise balance for each year
back to 189():
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
+ 9 .5
+ 5.0
E xports.
s
G old.
Excess
E xof
Exports ports.
12 m onths endin') J u n e 3 0—
0 months endinrj J u n e 30—
1890......................
Exports 68,518,275
1890 ......
Imports 18,721,363
1 8 9 1 . . . ......................... Exports 3 9 ,5 6 4 ,614 1891 ................. ...Im ports 13,201,571
1892
___
Exports 202,675,680
1892 ___
Exports 47,425,412
1893
......................................... Imports 12,005,798
1893 .........
Imports 08,800,021
1894
______________________ Exports 244,132,692
1894 ............................................ Exports68,486,072
1895
........
Exports75,508,200 1895 _____
Imports
4,735,035
1890............................
Exports 102,882,204 1890.............
Exports 74,956,440
1897
___
Exports
286,203,144
1897 ......
Exports 36,901,882
1898
......................................... Exports 015,432,070
1898 ________________________ Exports295,280,759
1899..................
Exports 204,573,754
.........
Exports
5 2 9 ,8
7 4 ,8 13
1899
1900
......................................... Exports 514,541,898
1900 __________________________ Exports272,015,091
1901 ...........
Exports 288,411,518
.......
Exports 664,592,820
1901
1902 ______
Exports 181,854,021
1902
.....
Exports 478,398,453
1903
....... .... - Exports 394,422,442 1903 .................. . - Exports 184,907,400
Exports 105,388,544
1901..........................
Exports 409,739,9001904 ____
Exports 151,027,589
.E xports 401,018,595 1905 ______
1905......
Exports 220,483,398
1900.........................
Exports 517,302,0511900.......
1907 ____
..Exports 189,171,189
1907
______________________ Exports 446,429,053
1908 .........
Exports 355,340,358
1908
______________________ Exports 006,431,554
1909
1909 --------------------------------------Exports09,975,878
____________________ Exports351,090,880
1910
.....
Exports 187,111,349
1910
......
Exports
4,408,306
pXmxcta rui (£n m m cv ctalgn g l
[From our own correspondent.]
L o n d o n , S a t u r d a y , J u l y .30 1910.
At last the remarkable and almost unaccountable depres
sion from which the European and American stock markets
have been suffering seems to be coming to an end. Inasmuch
as the trouble did not originate in London, or even in
Europe, it is not surprising that operators became very much
alarmed, or that stock-brokers and bankers felt themselves
very little in a position to reassure them. The settlement in
London on Monday last opened with a renewal of the depres
sion of the preceding week, and this was accentuated by the
Total ........... .. .12,434 12,698 10,459 11,578 93,288 80,932 67,151 85,192
dramatic fall in prices in Wall Street on Tuesday. It looked
6,249
4,421
5,327
771
853
771
030
Other cities........... .
4,771
for a time as if there were no bottom to the market, and, of
Total all_______ .13,287 13,469 11,095 12,349 99,537 92,259 71,575 89,903
course, if it had continued every other active market would
Outside Now York.. 5.108 5,149 4.477 5.037 38,699 34,858 29,998 34,748
have been more or less affected. Fortunately, however, on
Wednesday there was a turn in the tide when prices on the
American side of the Atlantic rose almost as rapidly as they
IM P O R T S A N D E X P O R T S FO R J U N E .
The Bureau of Statistics at Washington has issued the had fallen on the preceding day. As there is not, and has
statement of the country’s foreign trade for June, and from not been all through the crisis a large “bull” account open
it and previous statements we have prepared the following here, the market readily responded to the more favorable
indications, and if this market is permitted to follow the
interesting summaries:
even tenor of its way a recovery may be confidently pre
FOREIGN TRADE MOVEMENT OF TH E UNITED STATES.
dicted. But this depends wholly upon influences over which
(In the following tables three ciphers (000) are In all cases omitted.)
----------------- 1909-10----------------- ---------------------- 1908-09----------------this side has no control; and the forces at work it is not
E xp orts. Im ports.
E xcess.
E xp orts.
Im ports.
E xcess.
fully in a position to appreciate.
Me r c h a n d i s e .
8
8
$
$
$
$
Until the recent slump the general opinion, even in the
July-Sept.................. 373,052
350,597 +22,-155
352,970
276,017 +76,923
Oct.-Dee.................... 567,17-1 -106,927 +160,2-17
522,008
317,875 +201,193
most conservative circles in London, was eminently optimis
January.................... 144,461
133,070 +10,791
156,713
103,577 +53,130
tic. It was known that there was a measure of speculation,
February.................. 124,558 130,123
—5,505
126,052
113,051
+7,398
March ......................
143,058 163,000 — 19,342
139,291
132,874
+6,417
particularly in copper in Paris, but the other European
Apr ....................
133,110 133,923
— 813
125,175
122,108
+3,007
markets were generally assumed to be sound, and the result
May............................. 131,084
119,932 +11,152
123,323
116,000
+7,203
J u n e ........................
127,809 119,083
+ 8,1 86
117,419
124,005
— 7,246' of the crisis affords evidence that the forecast was fairly
accurate.
Total........... ........ 1,744,960 1,557,855 +187,111
1,663,011 1,311,920 +351,091
G o ld a n d G o ld in O r e .
Rarely has the political horizon been less darkened by
July-Sept................
33,-139
10,970 + 22,469
15,420
12,020
+3,400
clouds. Internationally this country is at peace with all the
Oct.-Dec..................
35,008
12,982 +22,626
12,278
11,848
+430
January..................
6,163
2,131
+ 4 ,0 3 2
7,865
3,421
+4,444
world, and the constitutional struggle between the two great
February................
2,937
3,063
— 126
8,861
3,570
+ 5,285
parties which threatened to cause trouble before the death
March ....................
1,815
4,374
— 2,559
21,252
5,102 +16,090
of King Edward now appears to be in course of an amicable
April ......................
36,284
2,101 +34,183
6,338
3,346
+2,992
May....... .............. ._
719
3,143
—2,424
11,171
2,263
+ 8,908
settlement. So far as the money market is concerned, the
June........................
1,598
4,576
—2,978
8,347
2,368
+5,979
optimists have proved perfectly correct. Money in the
Total.................... 118,563
43,340 +75,223
91,532
44,004 +47,528
short-loan market is difficult to employ at 1%. Even in the
S i lv e r a n d S i lv e r In O r e .
trying settlement through which the Stock Exchange has
July-Sept------------13,930
10,369
+3,561
13,267
9,651
+3,616
Oct.-Dec................
14,303
12,947
+ 1 ,3 5 6
13,056
11,431 +1,624
just passed, brokers, where they desired to do so, had no
J a n u a ry ................
4,498
4,248
+250
4,542
3,064
+878
difficulty in increasing their loans, and were able to obtain
February................
4,588
3,155
+ 1,4 33
4,853
3,509
+1,344
March ....................
4,553
3,995
+558
5,079
3,280
+ 1,799
them at a lower rate than at the preceding account. The
April ......................
4,697
3,810
+ 857
4,953
4,223
+730
Bank return is an eminently strong one. The reserve, al
May..........................
4,131
3,355
+776
4,428
3,857
+571
June........................
4,587
3,308
+ 1,2 79
5,505
4,339 + 1,1 66
though some £750,000 less than last week, still amounts to
30j^ millions sterling, and although the public deposits, at
Total....................
55,287
45,217 +10,070
55,683
43,955 +11,728
+ Excess o t exports. — Excess of Imports.
1534 millions,arc nearly twico as largo as they were at this
A ug. 6 1910. J
THE CHRONICLE
317
time last year, the very fact that the Government has to pay
The following shows the imports of cereal produce into
so large a sum into the market in itself assures a sufficiency the United Kingdom during the season to date, compared
of loanable capital at very moderate rates.
with previous seasons.
IMPORTS.
The India Council offered for tender on Wednesday 40 lacs F orty-seven w eeks—
1909-10.
1908-09.
1907-08.
1906-07.
of its bills and the applications exceeded 317^ lacs at prices Imports ol wheat..................... cwt. 92,569,440
81,642,200 84.677,350 83,990,752
Barley ..........................................
20,812,20020,537,700 19,114,686 18,529,134
ranging from Is. 3 31-32d. to Is. 4d. per rupee. Applicants Oats.....................................
17,927,60013,495,70011,681,1999,577,914
for bills at Is. 3 31-32d. and for telegraphic transfers at Is. Peas......... ............................................. 2,148,283
1,378,180
1,327,570
1,568,050
B eans-----------------------------------------1,962,574 1,122,230
901,060
399,950
4d. were allotted about 14% of the amounts applied for.
Indian corn------------------------31,261,158 33,526,100 35,824,657 44,461,470
The following returns show the position of the Bank of Flour
----------------------------10,195,11910,276,60012,701,80012,221,772
England, the Bank rate of discount, the price of consols,
Supplies available for consumption (exclusive of stock on
&c., compared with the last four years:
Sept. 1):
1906.
1907.
1908.
1910.
J id y 27.
Circulation _______
£
28,611,850
15,34.3,763
44,098,935
17,371,517
29,643,303
30,497,473
40,059,323
1909.
J u ly 28.
£
29,848,280
8,524,857
45,744,308
15,365,072
29,019,076
27,857,389
39,255,669
J u ly 29.
J id y 31.
A u g . 1.
£
29,533,275
5,845,433
40,001,079
15,017,299
28,843,907
26,037,114
37,120,389
.£
29,922,270
8,664,699
43,406,967
16,082,513
29,713,380
24,367,412
35,839,682
£
30,577,825
9,482,805
42,394,893
15,977,133
29,420,538
24,029,187
36,757,012
Governm’t securities
Other securities----Reserve.notes & coin
Coln&bull. .both dep
Prop, reserve to lia51 5-16
51 5-16
47 7-16
50
bllltles______p. c.
40B
3
Bank rate___ p. c.
4
2B
3B
2B
81 11-16
87 9-10
83 13-16
Consols, 2 B P- c—
86 15-16
83 B
30 1-16(1.
23 7-16d.
Silver...................... .. 24 13-16d.
24 Bd. 31 15-16(1.
Clcar.-house returns 234,149,000 212,329,000 193,577,000 256,139,000 272,380,000
J u ly 22.
J u ly 8.
J id y 15.
3
3
3
IB
2 1-16(312 B
2 5 -1 6 0 2 B
2 15-16@3
2B
1B @1B
2
2B
2B
2B @2B
2
2H
2B
2B
2B
IB
IB
IB
IB
IB
IB
IB
IB
1B
l y.
IB
IB
The bank rates of discount and open market rates at the
chief Continental cities have been as follows:
J u ly 30.
B ank O pen
Rate. M arket.
2
3
F a r ls ................... - - . . .
Rales o f
Interest a t —
J u ly 23.
B a nk O pen
R ale. M arket.
J u ly 16.
B a nk O pen
R ate. M a rket.
J u ly 9.
B ank O pen
R ate. M a rk et.
3
2
3
3
2
IB
4
4
Berlin.. -----------------. . .
3B
4
3B
4
3B
2B
4
3 y%
4
Hamburg................. . . .
4
3B
4
2B
3B
3y
4
Frankfort-------------.. - 4
4
4
3B
2 15-10
3B
5
Amsterdam ............ . .
4M
5
5
4B
5
4B
2B
Brussels ................. . . . 3 B
2B
3B
2B
3B
2B
3B
2B
4
3 13-10
4
V ie n n a ................... . . .
4
4
3 9-10
3B
3B
nom.
5
nom.
5
5
St. Petersburg------. . .
nom.
nom.
5
4
4
4
4
4B
Madrid .................... . .
4B
4B
4B
4
5
Copenhagen --------- . . . 5
4
5
5
4
4
GOLD.—The arrivals this week were £738,000 ami ot this India took £107,000
and the balance was divided between Germany and the United State-i.thc latter at
one time being an eager buyer. Owing to the rather keen competition, the price
advanced to 77s. 9B<b, hut has since relapsed to 77s. 9B d . Since our last the Bank
has received £10,000 trom France In sovereigns, while £30,000 have been withdrawn
for South America, £10,000 for South Africa, £6,000 for Gibraltar and £5,000 for
Peru. Next week we expect £717,000 from South Africa. Arrivals—South Africa,
£599,000; India, £80,000; New Zealand, £49,000; Brazil, £10,000; total, £738,000.
Shipments— Bombay, £67,500; Colombo, £2,500: total, £70,000.
SILVE R.—The Indian speculation continues to be the dominant Influence, and
prices are maintained at a level that keeps away all buyers except for Immediate
requirements. There has been some disposition on the part of the bears to cover
qt postpone their eng’ gements for the end of the month, and this has led to the
widening of the difference between cash and forward. It Is rumored that there will
be another large shipment to India by the settlement steamer leaving on Aug. 5;
there are fears, therefore, of another shortage In the available cash supplies. Ameri
ca, however, Is meeting the demand freely, and shipments to this country average
£200,000 every week. We are also receiving supplies from San Francisco, as, owing
to the low Shanghai exchange, shipments to China are at present Impracticable.
The stock In London Is now about £1,500,000, while In India, Including what Is on
the sea from London and from China, there is now over £2,000,000. Probably
£3,000,000 of these supplies have been taken up by Indian buyers; further amounts
keep falling due, and there Is no sign at present of their demand being satisfied.
Chiefly on tills demand, the forward price has kept very steady at 24 13-10d., while
cash has fluctuated between 25B d. and 25 5-10d. China exchange remains di
vorced from sliver, and Is about 3% below parity. About £250,000 is now on the
way from China to India, and further sales continue to be made. It must not be
overlooked that these sales are putting China on a tinner basis, and when the export
season Is more active, as is expected In two or three months’ time, this difference
should materially shorten. 'I'he bazaar demand shows no Improvement, and the
latest monsoon reports are not over favorable. Currency returns show an Increase
of about IB crores, at 33B crores, exclusive of 3 B crorcs In the gold standard
reserve, so that the prospects of the Government being In the market are still very
remote. The price In Bombay Is Its. 63 5-16 per 100 tolahs. Arrivals— New York,
£210,000; Mexico, £7,000; Singapore (coin), £89,000; total, £336,000. Shipments
— Madras, £2,500; Port Said, £1,000; total, £3,500.
Messrs. Pixley & Abell write as follows under date of
July 28.
GOLD.— The amount for disposal this week was £730,000, and although both the
Continent and the United States of America were buyers, the competition was not
so eager as last week, and the price dropped back to 77s. 9d., at which the United
States secured the larger portion, the balance being divided between the Continent
and the usual Indian and trade buyers. Since our last the Bank has received
£12,000 In sovereigns from France, and has lost £50,000 to Batavia and £10,000
to Singapore. Next week we expect £795,000 from South Africa and £120,000 from
India and Australia, all of which will, It Is thought, go abroad. Arrivals—South
Africa, £717.000; West Indies, £13,000; Australia, £2,000; total, £732,000.
Shipments— Bombay, £94,750; Calcutta, £10,000; Colombo, £2,500; total,
£107,250.
SIL V E R .—Silver has been a weak market; there Is no change to report In the
general situation, the ordinary buyers showing no return of confidence and keeping
ns far as possible out of the market. Owing, however, to a change In the tactics
of the Indian speculators In Bombay, where It Is reported that they have been
willing to lend silver for the July settlement until August at a difference of 4 annas,
the value of spot has declined below forward, and In London, for similar reasons,
the premium on spot has declined from 7-16d. to as low as B d . for two months.
Tills has caused considerable selling on the part bf other Indian dealers, who perhaps
have also been Influenced by reports of deficient rains in several districts in India,
and the price has declined from 25B d. to 21B d. for spot and from 24 13-16d. to
24Bd- f°r forward, the weakness of spot being accentuated by liberal offerings from
America. Silver Is still being transferred in large quantities from London to India,
and it is estimated that upwards of £250,000 will go by this week’s mall, while
further largo shipments are expected to be made by the settlement steamer of the
5th August. In spite of these shipments the stock in London amounts to about
£1,500,000, supplies from America averaging over £200,000 per week. Currency
figures show a further Increase this week, being now over 34 crores. The price In
India Is Its. 62 7-10 per 100 tolahs Arrivals— New York, £265,000; Mexico,
£12.000; West Indies, £3,000; total, £280,000. Shipments—Bombay, £4,600;
Port Said, £2,000; total, £6,600.
The quotations for bullion are reported as follows:
GOLD.
London Standard
J u ly 28.
s. d.
Bar gold, fine, oz......... 77 9
U. 8. gold coin, oz____76 5
German gold coin, oz. 76 5
French gold coin, o z .. 76 5
Japanese yen........... .. 76 4
Total--------------------------- ---------- 128.312,719 117,373,601 1 2 9 ,2 1 ^ 8 2 129,922,812
Average price wheat, week-------- 31s. lid .
44s. Od.
31s. 5 d.
32s. 6d.
Average price, se a so n ................. 32s. 6d.
35s. lid .
33s. Od.
27s. 6d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
W heat_______
Flour, equal to.
Maize_________
J u ly 21. |
SILVER.
s. d. | L on don Standard.
77
76
76
76
76
9B
5
5
5
4
T h is w eek .
L a st w eek.
2,697,000
2,465,000
-qrs.
-----.........
Im ports —
January ............................. —
February ______________
March ..............................
April ______ ___________
May......... ...........................
June ...................................
S ix
Interest allowed f o r deposits -
By Joint-stock hanks___
By discount houses:
At ca ll............................
7 to 14 days...................
1907-08.
1900-07.
84,677.350 83,990,752
12,701,800 12,221,772
31,837,132 33,710,288
8 8 ,0 0 0
100,000
795,000
710,000
1909.
2,095,000
115.000
980.000
1908.
1,595,000
• 90,000
615,000
The British imports since Jan. 1 have been as follows:
The rates for money have been as follows:
J u ly 29.
Bank of England r a te ... . . .
3
O pen M arket R ale —
Bank bills—60 d a y s .. . . .
IB
— 3 months. . . .
2 @ 2 1-16
— 4 months. . . .
2 5-10
— 6 months. — 2 B @ 3
Trade bills—3 months. . . . ’
2B
— 1 months...
1909-10.
1908-09.
\Yheat Imported........................cwt. 92,509,440 81,642,200
Imports ol flo u r ............................. 10,195,119 10,276,600
Sales or home-grown..................... 25,548,160 25,454,801
J u ly 28.
d.
IBar silver, fine, o z . . . 24 B
I " 2 mo. delivery, o z .2 I B
|Cake sliver, o z .............26 9-16
|Mexican dollars...........nom.
I
J u ly 21.
d.
25B
24 13-16
27B
nom. F.
..
...
...
...
...
...
1910.
£
55,921,154
51,158,357
58,120,393
59,555,459
55,209,179
54,636,758
months___ _____________________ 3 3 4 ,4 5 2 ,8 7 8
T h e
ex p o rts
s in c e
Jan .
1 h ave
1909.
£
53.500,304
60,468,143
52,013,405
49,173,702
44,854,548
51,711,874
D ifferen ce.
£
P et
C ent.
+ 2,420,790
+ 690,214
+ 6,106,928
+ 10,381,697
+ 10,414,631
+ 2,924,884
+ 4 .5
+ 1 .3
+ 1 1 .7
+ 2 2 .0
+ 2 3 .2
+ 5 .6
3 0 1 ,6 4 7 ,6 7 0
+ 3 2 ,8 0 5 ,1 4 8
+ 1 0 .9
been
1910.
as
fo llo w s :
£
P er
Cent
3 4 ,8 0 3 ,1 1 5
3 1 ,6 9 1 .8 7 0
3 4 ,3 9 1 ,5 5 8
3 5 ,2 9 2 ,2 1 6
3 3 ,6 0 7 ,3 1 1
3 4 ,7 9 9 ,6 5 4
2 8 ,8 0 3 ,0 4 6
2 8 ,0 2 4 ,4 5 2
3 1 ,9 0 4 ,6 7 3
2 8 ,9 5 8 ,4 5 8
2 9 ,5 2 5 ,7 4 0
2 9 ,7 1 7 ,9 7 5
+ 6 ,0 0 0 ,0 6 9
+ 3 ,6 6 7 ,4 1 8
+ 2 .4 S 6 .8 8 5
+ 6 ,3 3 3 .7 5 7
+ 4 ,0 8 1 ,5 6 5
+ 5 ,0 8 1 ,6 7 9
+ 20 8
+ 1 3 .1
+ 8 .9
+ 2 1 .9
+ 1 3 .8
+ 1 7 .1
Six months........................................ .. 2 0 4 ,6 8 5 ,7 2 3
1 7 6 ,9 3 4 ,3 5 0
+ 2 7 ,6 5 1 ,3 7 3
+ 1 5 .7
E xp orts —
January ________________ ______________
February ...................................................
M a rch .........................................................
April ............................................................
M ay. ........... .................................................. ,
June _______ ___________________ _______
D ifferen ce.
1909.
£
£
The re-exports of foreign and colonial produce since Jan. 1
show the following contrast:
1910.
R e-exp orts —
£
January_______ ________ ................ 8.147.164
February ........... .............. ................ 10.184.560
March .............................. ................ 8,443,988
April ________ _________ ________ 11,858,654
M a y ................................... ................ 8,294,202
June......... ......................... ............. .. 8,383,643
1909.
£
0,687,551
8,473,634
7,540,319
8,631,000
7,251,248
7,965,605
D ifferen ce.
£
+ 1,459,613
+ 1,710,926
+ 903,669
+3,227,648
+ 1,043,014
+418,038
P er
C ent
+ 21.8
+ 20.1
+ 12.1
+ 3 7 .4
+ 14.3
+ 5.3
Six months.................... ................ 55,312,271
46,549,168
+8,763,103 + 18.8
They Indicate that slight adjustme ts
have been made In the monthly returns as Issued.
N o te . — The aggregate figures are official.
English Financial Markets— Per Cable.
The daily closing quotations for securities, &c., at London,
as reported by cable, have been as follows the past week:
L on don,
W eek ending A u g . 5.
Sat.
Sliver, per oz......... .. ......... d .
Consols, new, 2 B per eents.
For account......... .................
French Rentes (in Paris).fr. 97.25
Amalgamated Copper Co____
b Anaconda Mining Co......... ..
Atch. Topeka & Santa F e ...
Preferred..............................
Baltimore & Ohio__________
Preferred..............................
Canadian Pacific ....................
Chesapeake & Ohio................
Chicago Milw. & St. P a u l...
Chicago Great Western.........
Denver & Illo Grande______
Preferred..............................
E rie......... ..................................
First preferred............... ....
Second preferred................
Illinois Central.. . .
...........
Louisville & Nashville......... ..
Missouri Kansas & Texas . .
Preferred..............................
Nat. RR. of Mex., 1st pref .
G
Second preferred
3
N. Y. Central & Hudson____
N. Y. Ontario & Western.. . as
Norfolk * Western................
Preferred..............................
Northern Pacific............. ........
o Pennsylvania ......................
a Reading.................................
a First preferred_________
a Second preferred...........
Rock Island ............................
Southern Pacific____________
Southern Railway..................
Preferred..............................
Union Pacific..........................
Preferred. ..........................
U. S. Steel Corporation____
Preferred............... ..............
Wabash . ------------------------Preferred..............................
Extended 4s........................
1
a Price per share, b £ sterling.
M on.
:
:
;
:
:
:
■
:
:
:
:
•
:
;
•
t
Q
as
n
2
B
Z
<
«
>
:
:
■
:
:
;
,
;
:
.
:
:
:
:
T ues.
W ed.
24 9-16 24 B
S IB
ki %
81 B
81B
97.10
97.17 B
62 b
65B
8
7B
97 b
99 B
ioi
101
107 h
10SB
90
90
191
i88B
67 b
72 B
126 B
123B
22
21 B
28 b
29 B
70
71
23 b
24 B
39
37 b
30
31
132
131
141B
140
3i
32 B
62
■ 61
69 B
69 B
28 B
29B
115
112B
40
40 B
90 B
97 B
91
91
116B
11SB
05
60
osB
70 B
45
45
40B
job
30B
29 b
115
H 2B
23
21B
so
51 B
i62 b
166B
92
92 B
71
67 b
118B
n7B
17B
10B
32 b
35 B
63
63
Thurs.
24 B
81 B
S IB
97.10
64 B
7B
98 B
101
10SB
90
189 B
72 B
125
22 B
29B
71
24 B
39B
31
132
141
31B
63
69 B
28 B
114
41
97 B
91
116B
65B
70 B
45
47
29 B
113B
22 B
51
165B
92
69 B
11SB
16 B
34
63
F r i.
24 B
81 B
S IB
97.15
63 B
8
99 B
101
109B
90
190 B
72 B
120
22B
29
71
24 B
40
31
132
141
31B
64
09B
28B
114B
40 B
97 B
91
117B
66 B
70 B
45
47
30B
114B
22 B
51B
167 B
92 B
70B
H 8B
17
34 B
63
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian II. Muller & Son:
Stocks
Stocks.
8 Chemical National Bank____ 401
36 Estate of Edward Roberts.. \ $500
80 Roberts, Cushman & Co . . . J lot
47 Metropolitan Street Ry_________ 5
200 National Reserve Bank.......... 100
25 Santa CecillaSugar C o.$5 25 per sh.
3,500
Dtamondfleld Black Butte 1
B onds.
Consol. Mining Co., SI each.. |
4.000 Goldf. Blue Bell M.Co.,Slca.) $75 $5,000 Santa Cecilia Sugar Co. 1st
2.000 Goldf.LoneStarM.Co.,$lca.| lot
6s, Aug. 1910 coup, attached
61
$600 Santa Cecilia Sugar Co. coup.
1.000 Security Gold M. & Milling
,
notes. 1913, 1914.................. $305
. . . . Co., $1 each.............................J
318
THE CHRONICLE
[V O L . L X X X X I .
Statement of Now York City Clearing-House Banks.—The
National Banks.—The following information regarding
national banks is from the office of the Comptroller of the detailed statement below shows the condition of the New
York Clearing-House banks for the week ending July 30.
Currency, Treasury Department:
The figures for the separate banks are the averages of the
N A T IO N A L B A N K S O R G A N IZ E D .
daily results. In the case of the totals, the actual figures
J u l y 21 to J u l y 27.
at the end of the week are also given:
9.8 1 8 — The First National Bank ol Laton, California. Capital, $25,000.
J. Q. Hancock, President; C. A . Sm ith, Cashier; D. F. Elsenberg
For definitions and rules under which the various items are
and A . E . Hudson, Assistant Cashiers.
(Conversion of the Laton
made up, see “ Chronicle,” V. S5, p. 836.
State Bank.)
9 .8 1 9 —
The First National Bank of Marcus, Iowa. Capital, $100,000.
W e om it two ciphers (00) in a>l cases.
F . S. Barnes, President; C. W . Roe, Vice-President; D . H . Smith,
Cashier; F . S. Barnes Jr., Assistant Cashier.
,820— The National Bank of Smlthtown Branch, New York. Capital,
Legals.
D ep osits.
R e
L oans.
S p ecie.
C a pital. S u rp lus.
B a n ks.
$25,000. John S. Hunttlng, President; Frederick G. Booth, Vice
A verage. Average. A verage. s’ ve.
A v erage.
00s om itted.
President; J. A . Overton, Cashier.
9.8 2 1 —
The First National Bank of Floyd, Iowa.
Capital, $25,000.
S
S
S
S
$
%
$
919,0
10,223,0 20.0
Geo. H . Jackson, President; A . S. Griffith, Vice-President; O. C.
2,000,0
3,404,0
3,473,6
18,619,0
Bank of N. Y .
40,000 0 29.8
Klndlg, Cashier.
2,050,0
4,105,7
32,850,0 10,108,0 1,849,0
Manhattan Co.
9.822— The d e a n National Bank, Olean, New York. Capital, $100,000.
20,551,0 27.3
2,000,0
4,200,0 1,412,0
1,762,0
19,090,0
Merchants’ -----Charles E . Andrews Jr., President; Charles J. D ully, Vice-President;
51,105,2 20.4
0,000,0
7,883,8
Mech. & Metals
52,301,0 12,310,9 1,176,3
C. A . Keener, Cashier; VV. II. Scully, Assistant Cashier.
23,198,8 25.4
1,500,0
5,787,1
23,014,2
3,787,7 2,109,1
America......... ..
422,0
0,545,0 27.0
1,000,0
703,8
Ph enlx_______
1,309,0
7,440,0
L IQ U ID A T IO N .
25,000,0 30,741,0 157,540,7 52,316,5 5,743,0 161,547,3 35.9
City_____ _____
,175— The Columbia City National Bank, Columbia City, Indiana, placed
3,000,0
25,847,0 20.7
Chemical_____
6,360,1
5,041,4 1,830,7
27,982,0
In voluntary liquidation July 23 1910.
000,0
214,8
6,952,9 25.8
Merchants’ Ex.
564,5
1,582,7
6,745,5
1,000,0
0,621,0 20.4
451,1
Gallatin. ___
2,497,7
8,437,1
1,296,8
2,341,2 25.0
300,0
153,3
79,9
505,5
Butch. & Drov.
2,524,7
181,4
8,043,4 25.0
Greenwich____
500,0
DIVIDENDS.
822,4
1,830,0
7,205,4
5,000,0
28,021,0 25.8
Amer. Kxch._
4,194,0
5,418,7 1,948,0
32,947,7
Commerce_____ 25,000,0 15,893,1 134,080,1 33,170,4 9,731,2 122,820,0 35.0
3,000,0
2,656,3
9,864,7 25.7
1,519,3 1,017,7
Mercantile___
13,948,6
500,0
403,1
473,9
3,380,7 25.8
Pacific _____ .
916,0
3,787,5
D i v i d e n d s a n n o u n c e d th is w e e k a re p r i n t e d i n i t a li c s .
450,0
7,781,3 27.0
Chatham......... ..
1,037,0
7,195,4
1,053,1 1,053,3
200,0
People’s ...........
460,2
129,7
1,832,9
428,9
2,181,9 25.0
3,000,0 11,707,4
69,321,2 29.2
Hanover______
00,129,3 12,783,2 7,334,3
P er
W h en
B ook s Closed.
2,550,0
5,313,4
320,5
Citizens’ Cent..
1,644,2
21,738,7
21,219,4 20.7
P a yable
Cent.
D a ys Inclusive.
N a m e o f C om pa ny.
500,0
Nassau_______
521,8
7,170,0
434,8 1,577,0
8,055,2 25.0
8,589.4
1,510,0
981,0
1,000,0
1,681,8
8,704,3 28.0
Market & Fult.
Railroads (Steam).
1,428,8
283,0
Metropolitan .
2,000,0
11,475,8
2 JOS,7
11,848,9 20.0
Aug. 2f Holders of rec. July23a
3
Alabama Great Southern, preferred—
3,000,0
5,352,0
39,879,0
48,081,0 29.0
Com Exchange
8,953,0 5,482,0
Sept.
: Holders of rec. July29a
Atch. Topeka & Santa Fe, com. (No. 21)
m
7,432,1
Imp. & Traders
1,500,0
25,000,0
3,207,0 2,340,0
22,250,0 24.9
2
Sept.
: Holders of rec.Aug.20n
Baltimore Chesapeake & Atlantic pref. .
5,000,0 12,300,0
80,102,0 20,856,0 1,428,0
84,407,0 20.3
P ark--------------3
Sept.
Holders of rec. Aug. la
Baltimore & Ohio, common............
102,6
344,1
113,7
1,072,5 27.3
250,0
1,466,3
East River___
2
Sept.
: Holders of rec. Aug. la
Preferred ______ _____ __________
3,875,0 2,200,0
22,775,0 20.0
Fourth.............
5,000,0
5,050,7
24,875,0
: Holders of rec. Sept, la
Boston & Maine, common (quar.)
1*4 Oct.
155,0
2,038,3
Second _______
1,000,0
12,502,0
2,970,0
12,184,0 25.0
3
Sept.
: Holders of rec. Atip.l5a
Preferred ............- ..........................
10.000,0 19,855,0
80,990,0 20.1
First _________
99,178,8 20,606,4 2,088,8
2
Buffalo Rochester & Pittsburgh, common
Aug. ir Holders of rec. Aug. 5a
Irving Exch__
2,000,0
23,418,9 32.9
1,640,8
0,014,3 1,091,8
20,172,(5
3
Aug. 15 Holders of rec. Aug. 5a
Preferred . . ...................................
3,710,0 24.0
Bowery ______
250,0
819,0
837,0
55,0
3,562,0
3H Sept.
Aug. 19 to
Sept. 25
Chic. Mllw. & St. P., com. and pref-----7,871,5 24.8
N. Y. County..
500,(1
1,004,7
7,829,2
099,7
1,219,4
3*4 Aug. 21 Holders of rec. Aug. 5a
Chic. St. Paul, M. & O., com. & pref.........
3,787,4
25.8
German-Amer..
750,0
700,7
217,7
3,926,3
702,7
2
Sept.
Holders of rec. Aug. 8a
Cleve. Cln. Chic. & St. I... common-----79,468,0 27.5
5,000,0
7,472,5
70,977,2 16,628,5 5,303,8
I Holders of rec. Aug. 10a Chase_________
C'leve. & Plttsb. rcg. guar, (quar.)---------l H Sept.
25.0
14,118,1
1
0,0
1,078,0
Fifth
Avenue..
2,070
5
12,618,3
2,454,0
y
Sept.
]
Holders of rec.Aug. 10a
Special guaranteed (quar.)......... .............
3,904,6 22.8
2C0,0
470,3
881,0
415,6
4,024,8
i
Sept.
: Holders of rec. Aug. 18 German E x ch ..
C rip p le Creak Central, p r e f. (qu .) (N o . 19)
5,544,4 24.5
Germania.........
850,3
200,0
1,010,0
4,872,1
50) ,0
: Holders of rec. Aug. la
3*4 Sept.
Illinois Central (No. I l l ) ...........................1 1,403,7 26.1
840,1
Lincoln.............
1,000,0
1,526,0
13,082,1
2,915,6
3*4 Aug. it July 21
to
Aug. 10
Louisville & Nashville---------------------------8,055,4 25.0
171,0
Oarfield......... ..
1,000,0
1,177,0
1,893,5
8,095,0
2
Minn. St. P. & S. S. M „ leased lines-----Oct.
i Holders ol rec. Sept.20a
3,768,5 20.4
257,3
250,0
48), 7
741.1
Fifth..................
3,440,5
2
National Railways of Mexico. 1st p r e f...
Aug. 1C Holders of warr’t No. 5
1 1,320,0 25.7
Metropolis____
1,000,0
2,089,8
710,8 2,199,5
11,438,0
N. Y. Chicago & St. Louis, 1st & 2d pref.
i Holders of rec. Aug. la
2*4 Sept.
200,0
1,023,4 . 4,255,0
210,0
4,781,0 25.4
1,000,0
N. Y . Ontario & Western, common
Aug. 15 July 31 to Aug. 15 West Side.........
21,203,0 20.9
1,000,0
1,913,4
Seaboard...........
18,409,0
4,209,0 1,187,0
Norfolk & Western, common (quar.)-----1*4 Sept. 10 Holders of rcc. Aug.3 la
2,717,7
20,704,8 29.1
1,000,0
19,007,1
4,941,1 1,104,8
Liberty_______
l
Aug. 18 Holders of rec. July30a
Preferred (quar.).....................................
1,000,0
738,8
9,842,3 20.8
2,256,4
8.123,7
387,1
P e n n s y l v a n i a ......... ......................................
1*4 Aug. 31 Holders of rec. Aug. 5 N. Y. Prod. E x.
1,000,0
808,5
3,902,0
17,880,0 23.3
14,903,0
270,0
4
Peoria & Bureau Valley....... .....................
Aug. 10 Holders of rcc. Aug. I State __________
1,000,0
332,5
0,381,3 20.4
14th Street-----5,319,0
1,122,0
505,4
2
Reading Company, first preferred--------Sept. 10 Holders of rcc. Aug.24a
373,2
1,000,0
5,740,0
710,0
5,847,0 27.1
8810,0
Rome Watert'n & Ogd., guar. (quar.).
1*4 Aug. 15 Holders of rec. July30a Coat & Iron—
Seaboard C om pa n y, fir s t preferred ...........
to
Aug. 15
2*4 Aug. 15 Aug. 11
Utica Clinton & Binghamton..................
to
Aug. 10 Totals, Average 132,350,0 189,131,4 1191,400,2 277,616,9 72,865,7 1207,882,7 29.0
1*4 Aug. to Aug. 2
Vandalla (quar.).........................................
1*4 Aug. 25 Holders ol rec. Aug.l5a
Actual figures July'30..
1200,559,9 279,178,1 72,023,0 1218,299,2 28.9
Street and Electric Railways.
Boston Elevated...........................................
3
Aug. 15 Aug. 2
to
Aug. 15
1
Conn. Ry. & Lighting, com. & pref. (qu.)
Aug. 16 July 31
to
Aug. 15
On tne oasis of averages, circulation amounted to $48,440,500 and United States
Havana Electric R y., com. and pref-----to
Aug. 13 deposits (Included In deposits) to $1,038,800; actual figures July 30, circulation,
1*4 Aug. 13 July 24
1 Holders of rec. Aug. ll)a $48,028,500; United States deposits, $1,638,500.
Metrop. West Side Kiev., Chic., pf.(quar.)
H Sept.
Ph iladelphia C om pa n y, p referred ................
l Holders of rec. Aug. 10
2*4 Sept.
1
Portland R y , L . ct- P . ,c o m . (quar.) (N o . 5)
Sept.
1 Holders of rec. Atlg. 12
3
W hatcom Co. R y . & L t., p r e f. (N o . 1 4 ) . ..
Sept.
1 Holders of rec. Aug.22a
Banks.
3
Aug. 10 Holders of rec. Aug. 6
M ech a n ics & M eta ls ( q u a r . ) . . . ..................
Miscellaneous.
Amalgamated Copper Co. (quar.)...........
*4 Aug. 29 Holders of rec. July 30a
1
American Caramel, common (quar.)-----16
Amer.Lt.& Tr., com.(payable In com.stk.) 2 *4sffc. Aug. 15 July 17
to
July 31
2
A m erica n R adiator, com m on (q u a r .) -----Sept. 30 Sept. 23
to Sept. 30
1*4 Aug. 15 Aug. 7
P referred (q u a r .) ..............- ............ ..........
to
Atig. 15
le
American Shipbuilding, common (quar.)
1
le
1
Common (extra)........................................
1 Aug. 23
A m . Sm ellers' S ecurities, p f. A (qu .) N o . 22
1*4 Sept.
to
Aug. 31
l Aug. 23
P referred l) (q uar.) (N o . 2 1 )..............—
1*4 Sept.
to
Aug. 31
STATE BANKS AND TRUST COMPANIES
American Steel Foundries (quar.)...........
1*4 Aug. 15 July 31
to
Aug. 15
2*4 Sept.
1 Holders of rec. Aug. 15
A m erica n T obacco, com m on (q u a r .) ...........
1 Holders of rec. Aug. 15
7*4 Sept.
Stale B anks
T rust C os.
State Ranks
Trust Cos.
C om m on (e x tr a ) .................... .....................
3
in
outside o f
Aug. 15 Holders of rcc. Aug. 0
in
outside o f
Bond & Mortgage Guarantee (quar.)-----W eek ended J u ly 30.
4
Greater N . Y . Greater N . Y . Greater N . Y . Greater N . Y .
Borden's Condensed Milk, common--------Aug. 15 Aug. 0
to
Aug. 15
Butte Coalition Mining (quar.)....................
l Aug. 13
25c. Sept.
to
Sept. 1
$
1 Holders of rec. Aug. 15
$
$
Bu tterick C om pa n y ( q u a r . ) ......... ............ ..
H Sept.
$
05/106,000
*9,033,000
*8,375,000
25,125,000
Cambria Steel (quar.)...................................
1*4 Aug. 15 Holders of rcc. July 30a Capital as of Juno 30___
Casein Company, pref. (quar.) (No. 4 1 ) ..
2
Atlg. 10 July 31
to
Aug. 9
171,281,300 *10,800,851
*13,077,768
37,935,400
Consolidated Gas of New York (quar.) —
1
Sept. 15 Holders of rec. Aug.l7a Surplus as of June 30____
Diamond Match (quar.)..............- ...............
1*4 Sept. 15 Holders of rcc. Aug.30a
02,23d,100 137,082,300
5
1 Holders of ree. July 30
291,130,500 1,024,224,000
Eastman Kodak, common (extra)— . . .
Sept.
Loans and Investments..
+301,500
+ 62,400
— 2,202,000 —20,178,400
Change from last week.
General Chemical, com. (quar.)-----1 Holders of rcc. Aug. 22a
U4 Sept.
Gorham Manufacturing, common (quar.)_
2*4 Aug. 10 Holders of rec. Aug. 5a
115,676,400
49,405,900
Internat. Harvester, pref. (quar.) (No. 14)
1 Holders of rec. Aug. 10a
1*4 Sept.
— 1,372,700
1
Change from last week.
—2,785,000
International Nickel, com. (quar.)-----Sept.
1 Aug. 13
to
Sept. 1
13,472,200
::::::::::
20,471,100
Common (extra)........................................
Sept.
1 Aug. 13
to
Sept. 1 Legal-lenders & bk. notes
+ 10,000
Internat. Smelting & Refining (q u a r.)...
Change from last week.
+ 347,400
................
2
Sept.
1 Aug. 20
to
Sept. 1
Jefferson & Clearfield Coal & Iron, pref__
2*4 Aug. 15 Holders of rec. Aug. 5a
Kansas City Breweries, pref. (quar.)----to
Aug. 15
1*4 Aug. 15 July 31
90,002,500
113,222,200
K in g s C o. lilac. Lt. <fe P ow . (g u a r . ) . — __
2
339,547,000 1,110,400,700
Sept.
1 Holders of rec Aug. 22
•>
—3,536,200
— 201,000
+ 160,400
Lehigh Coal & Navigation (No. 127)____
Change from last week.
—4,279,000
Aug. 31 Holders of rec. July 30
Michigan State Telep., com. (quar.)____
1 Aug. 17
to
Sept. 1
1*4 Sept.
135,721,700
19,813,600
Preferred (quar.).......................................
1 Oct. 10
18,515,900
97,003,000
to
Nov. 1
1*4 Nov.
— 422,600
M ob ile Electric C o ., p ref. (q u a r.) ................
Change from’ last week.
+ 45,700
+ 04,100
— 1,010,100
1*4 Aug. 15 Holders of rcc. July 30
Montreal Light, Heat & Power (quar.)..
1*4 Aug. 15 Holders of rec. July 31a
16.2%
21.1%
National Carbon, preferred (quar.).........
29.0%
13.6%
to
Aug. 15 P. C. reserve to deposits..
1*4 Aug. 15 Aug. 6
Percentage last week..
10.0%
I Sept. 10
21.1%
National Lead, common (quar.)................
29.3%
13.5%
to Sept. 13
*4 Oct.
Preferred (quar.)........... ....................... ..
to
Aug. 23
1*4 Sept. 15 Vug 20
New York & Richmond Gas......... ...............
Aug.
0 Holders of rec. Aug. 1
i
+
Increase
over
last
week.
—
Decrease
from
last
week.
*
As
of
March
25.
N iles-B cm en l-P on d , com m on (q u a r .) .........
to Sept. 20
1*4 Sept. 20 Sept. 11
N o te. — ‘‘Surplus’.' Includes all undivided profits. ’ ’Reserve on deposits' In
P referred (q u a r .) ______________________
to
Aug. 15
1*4 Aug. 15 Aug. 7
Nlpe Bay Co., common (No. 1)_________
l
Sept. 15 Holders of rec. Sept. 1 cludes, for both trust companies and State banks, not only cash Items, but amounts
due from reserve agents. Trust companies In New York State are required by
7
Preferred (No. 1).......................................
Aug. 31 Holders of rec. July 30
iw to keep a reserve proportionate to their deposits, the ratio varying according to
1 Holders of rec.Sept.16a
North American Company (quar.)...........
1*4 Oct.
People’s Gas Light & Coke (quar.)____
1*4 Vug. 26 Holders of ree. Aug. 3 location as shown below. The percentage of reserve required is computed on
Pratt & W h itn ey C o ., p r e f. (q u a r .) __ ____
to
Aug. 15 the aggregate of deposits, exclusive of moneys held In trust and not payable within
1*4 Aug. 15 Vug. 7
thirty days, and also exclusive of time deposits not payable within 30 days, repre
Pressed Steel Car, pref. (quar.) (No. 16) _ .
to
Aug. 23
1*4 Aug. 21 Vug. 4
Procter & Gamble, common (quar.)_____
Aug. 15 Holders of rcc. July 30a sented by certificates, and also exclusive of deposits secured by bonds of the State
3
Pullman Company (quar.) (No. 174)____
Vug. 15 Holders of rec. July 30 of New York. The State banks are likewise required to keep a reserve varying
2
Quaker Oats, preferred (quar.)..................
1*4 Aug. 31 Holders of rec. Aug. la according to location, the reserve being computed on the whole amount of deposits
Sears, Roebuck & Co., com. (quar.).........
1*4 Aug. 15 Holders of rec. July 30« exclusive of time deposits not payable within 30 days, represented by ccrtKlcatrs
Silversmiths Company (quar.)..................
1*4 Vug. 15 Holders of ree. Aug. 10 (according to the amendment of 1910), and exclusive of deposits secured by bonds
United Bank NoteCorp., common (quar.)
1
Uig. 15 Vug. 2
to
Aug. 15 of the State of New York.
United C igar M f r s . , p ref. (q u a r .) ............. ..
1 Holders of rcc. Aug.20a
— Trust C o s .—
— Stale R a n k s —1*4 Sept.
l Vug. 14
U. S. Envelope, preferred....................... ..
to
Sept. 4
Of
Total
3*4 Sept.
Reserve Required f o r Trust Com panies
Total
Of
United States .Motor, preferred (quar.)..
to
Aug. 4
which R es t r ie
and Slate Ranks.
Reserve
1*4 Vug. 10 July 31
which
U. S. Steel Corp., com.(quar.) (No. 2 7 ) ..
to
Sept. J5
Location —
Required in C osh.R equired. in Cash.
1*4 Sept. 29 Sept. 2
Preferred (quar.) (No. 37)<_..................
to
Aug. 15 Manhattan Borough..................................................... 15%
15%
2 %
1*4 Vug. 30 Aug. 2
15%
Vtrglnla-Carollua Chcm., com. (quar.).. 1 * 4 / Aug. 15 VUg. 0
tO Allg. Ir, Brooklyn Borough (without branches In Manhat.)15%
10%
20%
10%
Other boroughs (without branches in Manhattan) 15%
10%
15%
7H %
a Transfer books not closed, b Declared 4 % , payable In quarterly Installments.
15%
Brooklyn Borough, with branches In Manhattan.. 15%
20%
20%
d Correction, e Declared 8% (4% regular and 4% extra), payable In quarterly
Other Boroughs with branchesIn Manhattan____ 15%
15%
15%
15%
5%
Installments of 2 % . /Declared 5 % , payable In quarterly installments.
Elsewhere In State— .............................. _.................10%
15%
6%
.
The following shows all the dividends announced for the
future by large or important corporations:
.........
The State Banking Department also now furnishes weekly
returns of the State banks and trust companies under its
charge. These returns cover all the institutions of this
class in the whole State, but the figures are compiled so as
to distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
following:
For definitions and rules under which the various items are
made up, see “Chronicle,” V. 86, p. 316.
The Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York n o t i n the C le a r in g
H ou se.
These figures are shown in the table below, as are
also the results (both actual and average) for the Clearing
House banks. In addition, we have combined each corre
sponding item in the two statements, thus affording an aggre
gate for the whole of the banks and trust companies in the
Greater New York.
NEW YO R K CITY BANKS AND TRUST COMPANIES.
Clear.-H ou<e
B anks.
A ctualF igures
W eek ended J u ly 30.
Total o f all
BanksJh Trust
C os. A v rage.
Clear .-H ou se State B a nks &
B a nks.
Trust C os. not
In C .-H . A v er.
A v erage.
Capital as of June 3 0 ..
S
132,350,000
$
132,350,060
S
74,581,000
206.931,000
Surplus as o t June 30. -
189,131,400
189,131,400
179,347,900
368,479,300
1,114,491,200! 2,305,891,400
— 21,104,100. — 12,163,400
1,200,559,900 1,191,400,200
+8,940,700
Change from last week + 20,358,900
1,218,299,200 1,207,882,700 a l,091,726,400! 2,299,609,100
+ 1,168,900
— 21,708,700!
Change from last week + 29,002,400 +22,877,600
Change from last week
279,178,100
+ 6,349.000
277,616,900
+ 11,569,200
122,160,800!
— 1,392,200,
399.777,700
+ 10,177,000
Legal tenders-............
Change from last week
72,623,600
+2,108,900
72,865,700
+2,348,700
621,786,500,
— 200,700
94,652,200
+ 2,148,000
Aggr’te money holdings
Change from last week
351,801,700
+8,457,900
350,482,600
+ 13,017,900
cl43,947,30o!
— 1,592,900
494,429,900
+ 12,325,000
Money on deposit with
other bks. & trust cos.
Change from last week
....................
....................
24,386,000
+ 1,551,500
24,386,000
+ 1,551,500
Total reserve.............
Change from last week
351,801,700
+ 8,457,900
350,482,600
+ 13,917,900
168,333,300
— 41,400
518.815,900
+ 13.876.500
Percentage to deposits
requiring reserve-----Percentage last week..
28.92%
28.90%
29.05%
28.43%
17.7%
17.5%
Surplus reserve..............
47,226,900
48,511,925
+
319
THE CHRONICLE
A ug. 6 1910.]
tu u ic-ou U .t , . . . .
.
..................
W e om it two ciphers (00) in all these fig u res.
C a pital
and
S u rp lu s
B a n k s.
Boston.
July 9 . .
July 16. .
July 2 3 ..
July 30. .
Phlla.
July 9_.
July 1 6 ..
July 2 3 ..
July 3 0 ..
L oa n s.
$
$
40,300,0 202.399.0
40,300.0 200,757,0
40,300,0 201,911,0
40,300,0 201,798,0
56,315,0
56,315,0
56.315,0
56,315,0
Legals.
$
23,293,0
23,945,0
24,369,0
23,919,0
$
4,820,0
5,667,0
5,477,0
4,870,0
65,295,0
66,649,0
69,355,0
70,857,0
252,779,0
251,301,0
249,999,0
249,533,0
Clearing*
%
S
252,883,0
252,850,0
249,767.0
245,256,0
S
7,520,0
7,513,0
7,497,0
7,467,0
154,243,0
170,560,0
153,570,3
143,499,5
291,845,0
293,445,0
292,727,0
293,863,0
15.988,0
16,196,0
15,984,0
15,811,0
139,402,9
146.544 2
137,641,6
151,107,6
a Including Government deposits and the Item "due to other banks.” At Boston
Government deposits amounted to $3,036,000 on July 30, against 83,040,000 on
July 23.
Imports and Exports for the Week.—The following are
the imports at New York for the week ending July 30; also
totals since the beginning of the first week in January:
FOREIGN IMPORTS AT NEW YO R K.
1910.
1909.
1908.
1907.
Dry Goods..................•
________
General Merchandise..............
$2,631,661
15,319,130
$3,771,157
12,897,550
$2,551,135
9,798,169
$3,056,157
9,499,995
T o ta l___________ _________
S in ce J a n u a ry 1.
Dry Goods.................................
General Merchandise..............
$17,950,791
816,668,707
$12,349,304
$12,556,152
$91,171,013
452,133,281
$99,681,994
398,992,840
$67,599,443
285,639,011
109,630,360
414,616,273
F o r W eek .
.
Total 30 weeks.................... $543,304,294 $498,674,834 $353,238,454 $544,246,633
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 30 and from Jan. 1 to date:
EXPORTS FROM NEW YO R K FOR TH E W EE K .
1908.
1907.
89,254.153
371,345,673
88,503,578
358,419,128
1909.
1910.
For the week....... .....................
Previously reported................
-I
D ep osits, a C ircu
lation.
S p ecie.
$12,803,943 $10,293,816
361,791,766 350,184,669
Total 30 weeks.................... $374,595,709 $360,478,485 $380,599,826 8366,922,706
— i>eelease Horn last weeK.
* a These are the deposits alter eliminating the Item "Due from reserve depositories
and other banks and trust companies In New York City” ; with this item Included,
deposits amounted to 81,228,459,800, a decrease ol $4,344,300 from last week.
In the case ot the Clearing-House banks, the deposits are "net” both lor the average
and the actual figures. 6 Includes bank notes, c O t this amount State banks held
$14,798,700 and trust companies S129,148,600.
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 1910, and for the corresponding periods in
1908:
The averages of the New York Clearing-House banks 1909 and
EXPORTS AND IMPORTS OF SPECIE AT NEW YO R K .
c o m b i n e d with those for the State banks and trust companies
in'Greater New York outside of the Clearing House compare
E xp orts.
Im ports.
Gold.
as1*follows for a series of weeks past:
W eek .
W eek .
S ince J a n . 1
S ince J a n .l
COMBINED RESULTS OK BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
W e om it two ciphers in all these fig u res .
W eek
Ended.
May
June
June
June
June
July
July
July
July
July
2 8 ..
4 ..
11 -.
1 8 ..
2 5 ..
2 ..
9-_
10 ..
2 3 ..
3 0 ..
L oans and
Investm ents ■ D ep osits.
S
2.305.681.4
2.371.700,9
2,358,172,2
2.361.489.8
2.372.896.1
2.390.776.1
2,355,907,6
2.331.502.9
2,318,054,8
2.305.891.4
$
2.323.016.9
2.329.930.0
2,329,091.5
2.338.192.9
2,355,570,7
2.368.248.4
2.316.544.5
2.300.377.2
2.298.440.2
2.299.600.1
S p ecie.
$
380.847.3
378.288.5
379.990.2
383,945,9
388,859,0
382.979.6
367.817.4
370.881.3
389.600.7
399.777.7
Tot. M on ey Entire R es.
H oldings. on D ep osit.
Legal*.
S
471.926.4
468.192.9
470.792.5
475.269.4
480.539.9
473.071.5
456,669.3
407,790,2
482.101.9
494.429.9
$
91.079.1
89.904.4
90,802,3
91.322.5
91.680.9
90.091.9
88.851.9
90.908.9
92.504.2
94.652.2
S
493.964.4
491.135.1
493.105.7
497.976.7
502.770.4
496.189.8
479.891.1
490.754.8
504.930.4
518.815.9
the statement of condition of the clearing non-member
banks for the week ending July 30, based on average
daily results:
W e om it two ciphers (00) in all these figures.
B a nks.
C a p i
tal.
S u r
plus.
L oans,
IJIaL to
and
Invest
m ents.
Legal
Tpnrfpr
A CilUtsI
and
S p ecie.
B a nk
N otes.
D ep osit with
Clear
ing
A g en t.
Other
B a nks.
& e.
Nd
D eposits.
N. Y. City
Boroughs o f
M a n .A Ilrx.
Wash. I l’ts
Century __
Colonial__
Columbia - .
Fidelity__
Jefferson__
Mt. Morris.
Mutual____
Plaza ____
23d W ard-.
Un.Ex.Nat.
Yorkvllle
New Neth. _
Bat.Pk.Nat
Aetna Nat.
Borough o f
B rooklyn.
$
100,0
200.0
400,0
300,0
200,0
500,0
250,0
200,0
100,0
200,0
1,000,0
100,0
200,0
200.0
300,0
200,0
Broadway .
252,0
Mfrs.’ Nat.
Mechanics’ . 1,000,0
750,0
Nassau Nat.
300,0
x .ii. City
200,0
North Side.
300 0
First N a t..
Jcrsey City.
400,0
First N a t..
250,0
Ilud.Co.Nat
200,0
Third N a t..
Hoboken.
220,0
First N a t..
125,0
Sccond Nat.
$
265,8
141.5
333,2
746,5
167,0
530,4
313,2
364,1
440,0
114,0
924,0
449,4
252,7
150,8
310,5
$
s
8
48,2
140,7
1,243,4
20,5
230,0
1,360,0
420,4
698.5
5,449,2
509,0
546,0
6,297,0
66,3
112,3
999,4
444,0
89.4
3,181,4
27,3
481,9
2,665.2
559,5
45,2
isi.6
386,0
343,0
4,010,0
45,3
154,0
1,873,8
8.452,4 1,159,0 1,000,0
722,7
46,8
4,033,5
85,0
281,0
2,301.0
31.4
182,7
1,346,4
28,1
436,2
1,972,2
$
169,6
63,8
712,0
897,0
83,0
260,1
355,6
690,1
854,0
218,9
569,2
299,2
338,0
75,1
92,4
417,9
22,1
236,1
463,2
357,6 1,272,9
312,0
624,0
513,0
103,0
108,8
130,9
308,0
85,0
278,7
730,9
1,489,9
1,416,0
879,0
396,4
388,0
372,8 3,508,6
118,3 6,074.7
241,2 14,769,5
7.386,0
155,0 5,170,0
107,6 2,334,2
38,0 3,098,0
504,6 2,989,7
802,4 5,074.4
775,4 11,473,2
984,8 6,937,0
5S0.4 3,921,0
135,4 1,818,6
594,6 3.421,0
$
16,0
89,2
270,4
_______
__
206,1
80,8
5,3
__
__
__
257,2
5,0
_
22,1
$
1,257,8
1,620,0
6,919,0
7,186,0
1,018,8
3,506,2
3,386,6
4,250,0
4,803,0
1,987,0
8,480.8
5,228,0
2,606,0
1,222,0
1,847,4
1,240,3
753,4
398,0
5,109,9
3,082,0
2,070,4
342,4
141,2
76,4
354,5
33,3
112,7
2,513,9
202,4
358,1
310,0
212.7
19,1
6,929,6
2,638,4
2,225,8
620,5
238,7
2,969,2
2,722,1
130,2
90,2
18,2
90,5
153,3
79,7
237,2
193,1
2,791,8
2,912,0
Tot. July 30 8,447,0 13,131,6 100894,0 7,526,4 8,158,1 14,564,3 2,957,1 115217,2
Tot. July 23 8,447,0 13,131,6 102329,3 7,496,1 8,303,5 13,551,1 2,688,3 116101,0
Tot. July 16 8,447,0 13,131,6 103089,4 7,662,6 8.662,8 13,181,6 2,839,7 1117056,3
anu irimu,UBiiJiii<*
—u w u w is a s u m m a r y ui
the weekly totals of the Clearing-House banks of Boston
and Philadelphia.
M O nion
Great Britain.......................................
Franr.fi
________
Germany
West Indies....... ............................... ..
Mexico
_________ _
South America________ ___________
All other countries.----------- -----------Total 1 9 1 0 ..................................................
Total 19 09 _ Total 1 9 0 8 ..................................................
Silver.
Great Britain_____________________
France-------------- -------- ------------------Germany -------------- -----------------------West Indies...........................................
Mexico-------------------------- -------- ------South America
All other countries......... .....................
Total 1 9 1 0 ..................................................
Total 1 9 0 9 ...........................- ....................
Total 1 9 0 8 - - ..........................................
.......
400
4 ,4 5 5
3 ,2 7 6 ,9 8 2
4 ,0 2 0
$ 4 ,6 0 2 ,5 0 5
3 ,4 0 5 ,4 0 1
314
3 2 9 ,6 2 0
8 ,9 6 8 ,1 6 6
4 1 ,9 0 0
3 5 ,3 2 2
1 ,9 4 0
1 ,5 1 0 ,4 1 3
7 6 9 ,4 1 5
$ 3 2 ,1 5 0 ,0 0 0 $ 2 ,8 1 7 ,7 0 1
119,178
1 4 0 ,0 0 0
$ 1 4 0 ,4 0 0 $ 4 4 ,4 4 1 ,5 0 3 $ 2 ,8 5 8 ,9 8 6 $ 1 0 ,7 3 6 ,8 4 6
6 ,0 1 5 ,5 7 3
6 5 ,6 9 8
9 1 0 ,3 0 0 7 3 ,8 5 0 ,6 0 2
1 1 ,7 7 1 ,5 8 6
1 5 5 ,2 6 4
200 4 7 ,1 2 6 ,5 7 5
$ 7 3 6 ,3 7 3 8 2 3 ,3 7 5 ,8 8 6
5 4 ,0 0 0
1 ,2 9 1 ,1 0 0
4 3 4 ,3 7 3
“ '5 0 9
6 2 ,2 3 5
2 $ 1 3 ,3 4 4
|---------
2 6 *25 5
4 ,5 5 0
*2* 806
3 ,0 7 0
1 ,2 0 1
7 ,8 2 4
5 1 ,3 7 1
7 4 1 ,6 2 6
7 0 8 ,3 5 9
8 1 4 ,8 4 3
$ 7 9 0 ,8 8 2 $ 2 5 ,1 9 4 ,3 9 9
9 5 4 ,3 6 0 2 7 ,4 0 8 ,3 5 8
9 8 1 ,1 2 3 2 5 ,1 2 6 ,6 7 0
$ 7 ,6 5 0
1 1 9 ,5 4 1
3 3 3 ,8 6 6
8 2 .3 3 8 ,5 6 8
3 ,0 7 4 ,1 4 0
2 ,1 6 4 ,6 7 2
a
1 ,7 8 0
Of the above imports for the week in 1910,814,400 were
American gold coin and 8__ American silver coin. Of
the exports during the same time, 81,480 were Ameri
can gold coin and 8790 were American silver coin.
§aixtoti0 and financial.
INVESTMENT SECURITIES
Our eight-page circular N o .687 describes several Issues of sound
Investment bonds yleldlpg about 4 H to 5 H % .
Spencer T ra sk & C o.
43 E X C H A N O E P L A C E . - - - N EW Y O R K
Branch offices: Chicago, 111., Boston, Alass., Albany, N. Y.
WHITE,
W E L D & CO.
Members New York Stock Exchange
5 N A SS A U S T R E E T ,
TH E ROOKERY,
N EW YORK
C HICAG O
B A N K IN G and E X C H A N G E of every description In connection with
EXPORTS & IMPORTS
*
International Banking Corporation
60 Wall S t.. New York.
C A P IT A L & SU R P L U S . 56,500,000
B R A N C H E S and A G E N C IE S throughout the W O R L D .
THE INTERNATIONAL BANK
Organized under the Laws of N. Y . State.
60 Wall S t., New York
Accounts Invited. Interest paid on Term Deposits.
TH O M AS H . H U B B A R D President.
THE CHRONICLE
320
l.cerr
W a l l S t r e e t , F r i d a y N i g h t , A u g u s t 5 1910.
The Money Market and Financial Situation.—So little has
occurred this week directly affecting security values that
business in Wall Street has been limited in volume and
generally devoid of public interest. Taking advantage of
the opportunity which conditions afford, many people
usually interested, directly, or indirectly, in Stock Exchange
operations are away for a mid-summer holiday and those
remaining seem to be waiting for new developments.
Any information relating to crop conditions is, of course,
eagerly sought, but public interest is now divided between
harvest results and the political situation and outlook.
Private estimates as to the present condition of spring wheat
are disappointing and the Government 'report, due next
Monday, is awaited with considerable interest.
Surplus reserves of the local banks last week reached
$47,226,900, while the demand for loans is limited and rates
on call have been quoted as low as 1%. As the time is near
at hand when funds, probably in large amount, owing to
prevailing high prices, will be required for marketing the
crops, not only the local money market, but financial con
ditions abroad are attracting more than usual attention just
now. The Bank of England reports this week a reduction
in its gold holdings and a slightly lower percentage of reserve.
The latter is, however, still above the average for the season.
The open market rates for call loans at the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to 2%. To-day’s rates on call were 1@1 M%Commercial paper quoted at 5)^@5% % for 60 to 90-day en
dorsements, 5K@6% for prime 4 to 6 months’ single names
and 6)<£@6J^% for good single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,642,576 and the percentage
of reserve to liabilities was 49.99, against 51.29 last week.
The rate of discount remains unchanged at 3%, as fixed
June 9. The Bank of France shows a decrease of 9,125,000
francs gold and an increase of 225,000 francs silver.
N EW Y O R K CITY CLEARING-HOUSE BANKS.
1910.
A verages f o r
w eek ending
J u ly 30.
S
132,350,000
189,131,'100
Loans and discounts... 1,191,400,200
Circulation....................
48,446,500
1,207,882,700
Net deposits........... ..
1,638,800
U. S. dep. (lncl. above)
277,616,900
Specie ........................ ..
Legal tenders........... ..
72,865,700
25% of deposits..............
D ifferen ces
fro m
previous w eek.
s
Tnc. 8,910,700
120,300
Dec.
Inc. 22,877,600
20,100
Dec.
Inc. 11,569,200
Inc. 2,348,700
13,917,900
350,482,600
301,970,675 Inc. 5,719,400
1909.
1908.
A v erages fo r
week, ending
J u ly 31.
A verages f o r
iccek ending
A u g - 1.
$
$'
390,977,800
356,718,400
400,433,900
311,350,325
126,350,000
126,350 000
174,450,100
161,127,100
1,350,661,200 1,273,230^900
49,405,700
56,149,900
1,426,873,600 1,365,401,300
1,729,000
9,211,500
309,003,900 321,313,400
81,973,900
79,120,500
Surplus reserve____
48,511,925 Inc.
8,198,500
34,259,400
59,083,575
Surplus, cxcl. U. S. dep
48,921,625 Inc.
8,193,475
34,691,650
61,393,950
N o te .—The Clearing House now Issues a statement weekly showing the actual
condition of the hanks on Saturday morning as well as the above averages. These
figures, together with the returns of separate banks, also the summary Issued by the
State Banking Department, giving the condition of State banks and trust companies
not reporting to the Clearing House, appear on the second page preceding.
Railroad and Miscellaneous Stocks.—The stock market
has been dull and irregular throughout the week. Prices
declined on Saturday, Monday and during the early hours
of Tuesday, at which latter time practically the entire list
was from 2 to 4 points or more lower than at the close last
week. Northern Pacific was exceptionally weak, establish
ing a new low record for the year and since 1907. It was
over 20 points lower than at any time in 1909. Chesapeake
& Ohio showed a loss of 6% points, Baltimore & Ohio 4%,
Sloss-Sheffield Steel & Iron 5% and Smelting & Refining 5.
A sharp recovery began on Tuesday which has brought more
than half the list up to, or above, last week’s closing prices.
Reading has recovered more than the 4 points it had lost,
Rock Island preferred has recovered a substantial part of the
decline noted last week and New York Central, Pennsylvania,
St. Paul and Union Pacific have been notably strong—the
latter showing a net gain of 2% points.
The stocks mentioned have been leaders of the market,
although Steel common has been by far the most active.
It fluctuated over a range of about 3 points and closes with a
fractional net loss. The preferred, which sold ex-dividend
on Monday, is down 1% points.
[V O L . L X X X X I
Foreign Exchange.—An advance in discount rates at Lon
don, where there isa keen demand for gold, facilitated a rise in
sterling late in the week. The close finds the undertone firm.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 84 for sixty day and 4 86 for sight. To-day’s actual
rates for sterling exchange were 4 83^@4 8360 for sixty
days, 4 85x/ i @4 8560 for cheques and 4 85%@4 8585 for
cables. Commercial on banks 4 82%@4 83% and docu
ments for payment 4 82% @4 83. Cotton for payment
4 82%@4 82% and grain for payment 4 83 @4 83%.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 20% less 1-16@5 20% for long and 5 19% less 1-32
@5 19% for short. Germany bankers’ marks were 94 9-16
@94 11-16 for long and 94 15-16@95 less 1-32 for short.
Amsterdam bankers’ guilders were 40% less 1-16 @40% for
short.
Exchange at Paris on London, 25f. 22%c.; week’s range,
25f. 23%c. high and 25f. 20%c. low.
Exchange at Berlin on London, 20m. 45%pf.; week's
range, 20m. 46%pf. high and 20m. 44%pf. low.
The range of foreign exchange for the week follows:
Sterling, A ctu a l—
P a ris H ankers’ F ra n cs —
S ix ty D a ys.
Cables.
4 8560
4 8510
4 8590
4 8545
.5 20%
.5 21%
5 18% less 3-32
5 19% less 1-16
5 18 % less 1-16
6 19 % less 1-32
G erm any H ankers’ M a r k s —
High lor the week
Cheques.
.4 83 %
.4 83 %
. 91 11-16
- 94%
95
94%
95 1-16
94 15-16
.
.
40 25
40 18
40 30
40 23
40 06
39 95
The following are the rates for domestic exchange at the
undermentioned cities at the close of the week: Chicago, 10c.
per $1,000 discount. Boston, 5c. per $1,000 discount. San
Francisco, 70c. per $1,000 premium. Charleston, buying,
par; selling, 1-10 premium. St. Paul, 40c. per $1,000 pre
mium. Savannah, buying, 3-16 discount; selling, par.
New Orleans, commercial, par; bank, $1 per $1,000 premium.
St. Louis, 5c. per $1,000 discount. Montreal, 31%c. per
$1,000 discount.
State and Railroad Bonds.—Sales of State bonds at the
Board include $13,000 Virginia 6s deferred trust receipts at
40 and $52,000 New York State Canal at 101% to 102.
The market for railway and industrial bonds has been less
active, but prices have been better maintained than last
week and the transactions have included a large number of
issues. A list of the relatively strong issues includes Northern
Pacific, Heading, St. Louis & San Francisco, Norfolk &
Western, Burlington & Quincy, Atchison and Brooklyn
Rapid Transit.
Wabash ref. & ext. 4s have been notably weak, although
the offerings have not been large. Rock Island and U. S.
Steel 5s have been unsuually active and are fractionally
higher.
F o r d a i l y v o lu m e o f b u s i n e s s s e e p a g e 330.
United States Bonds.—Sales of Government bonds at the
Board arc limited to $500 3s reg. at 101%. The following
arc the daily closing quotations; f o r y e a r l y r a n g e s e e th ird
p a g e f o llm u in g :
Interest ; J u ly
Periods | 30
2s,
2s,
3s,
3s,
4s,
Is,
2s,
2s,
1930 _____ . . . registered
1930........... ........... coupon
1908-18... __ registered
1908-18 . . ...........coupon
1925 .........
..registered
1925........... ...........coupon
1936.Panama Canal rcgls
1938.Panama Canal regls
Q—Jan
Q— Jan
Q— Feb
Q— Eel)
Q— Feb
Q— Eel)
Q— Eeb
Q — Nov
*100%
*100%
*101%
*101%
*114%
*114%
*100%
*100%
Aug.
1
*100%
*100%
*101%
*101),
*111%
*111%
*100%
*100%
A ug.
2
*100%
*100%
*101%
*101%
*114%
*111%
*100%
*100%
A u g.
Aug.
A ug.
3
4
5
*100%
*100%
*101%
*101%
*114%
* 114 %
*100%
*100%
*100%
*100%
*101%
*101%
*111%
*111%
*100%
*100%
*100%
*101%
*101%
‘ III %
*111%
*100%
*100% *100%
1This Is the price bid at the morning board; no sale was made.
Outside Market.—The market for outside securities was
devoid of feature this week, business being unusually quiet
and price movements irregular. Changes either way were
only slight. British Columbia Copper advanced from 4%
to 5. Butte Coalition rose from 17% to 18%, sold down to
18 and then up to 19, with a final reaction to 18%. Chino
Copper was traded in between 11% and 12, with the close
to-day at the high figure. Giroux weakened from 6 5-16
to 6 and recovered to 6%. Grecne-Cananea improved from
6% to 7 and reacted to 6%. Miami Copper, after an early
decline from 18% to 18%, ran up to 20%, closing to-day at
20%. Goldfield Consolidated advanced from 8% to 8%
and finished to-day at 8 7-16. Kerr Lake sold down from
7% to 6 15-16. La Rose Consolidated advanced from 3 11-16
to 4. Nipissing fluctuated between 10% and 10%, the close
to-day being at 10%. Union Mines was strong and rose
from % to 1%, reacting finally to 1 1-16. In the miscellane
ous department American Tobacco was traded in at 399 and
400. The usual dividend of 2%% and 7%% extra was de
clared. Inter-continental Rubber moved down from 21 to
20% and up to 21%. Standard Oil sold up about 5 points
to 610 and down to 609%. United Cigar Manufacturers
common lost about 3 points to 60% and recovered finally
to 60%. In bonds Western Pacific 5s lost a point to 91%
and sold up to 92.
Outside quotations will be found on page 330.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G
STOCKS— HIGHEST A N D LOWEST SA LE PRICES.
Saturday
July 30
*28
*65
94%
98
*105
108
♦87
731"
1837*
♦5(>
♦240
6834
♦
-21
401"
1193.
140
141
*203
*135
*150
*2%
*6
*65
♦____
*51%
*70
*69
*155
*490
28
67%
Monday
Aug. 1
35
*28
70
*65
96%
94%
98
98
107'r 108
108% 110412
90
*85
743v
73
1847* 184%
65
*55
280 *240
713.)
25
27
66 *
21%
2U"
40% *40
121% 119
116 *145
141% 141
210 *203
150 *135
170 *150
*2%
3%
*6
8%
70% *65
♦
99%
52% * 5 !
*70
73
70
72
155
156
525 *490
2734
281"
68
69
*10%
*10% 13'
20%
20
{20
22
22% 223,!
36% 37
36%
*28% 30
*28%
122% 123% 122%
50%
*51% 54
♦
94
.
94
97
1211"
♦140
♦87
307*
61
49%
*125
*65%
273*
109%
*59%
*100
*82%
*145
39%
9334
*89
114%
*95
*80
*98
126%
*91
*105
134
*84
*88
28
583.1
*58
38%
40
937*
93
11534
108
no
118
127%
94
115
1363*
90
91%
29%
60
65
39
3834
93%
*88
113%
*95
*80
*98
128
*91
*105
133%
*85
*89
2773
59
*58
35
561"
1087*
21%
50
25%
9
*6%
20
44%
«1001",
158%
89%
56%
111
22
50%
2534
0%
8
20
443*
106'"
15'J34
00
*54
10834
2034
48%
25
933
*6
20
435s
*105
15734
+89
16%
323.1
42
*63
*4
*9
*5
48
Wednesday
Aug. 3
16
17
31%
33%
42
*41
69% *02
*4*4
5
12
*9%
*5%
6%
48
*45
Thursday
Aug. 4
35
36
*28
*28
35
*23
35
70
*65
72
*65
70
70
*65
95% 963,
937g 9034 953s 97%
95%
98% 98-% 983g 983,
97% 98
98
107% 10734 107% 1071;
10534 107
108
105% 106
105% 104 1057s 105% 106
yo
♦85
90
+80
*85
90
90
741.1 7434
75%
74
743*
75
73
184 1801., 185% 186% 185 185
185
65
*55
65
*60
65
*55
65
280 *250 280 *250 280 *250 280
69
707g 69% 70';
65
70%
27
27
*24% 26% *2434 27
25
68 * ___
60
66 *
66 *
21% 21%
20% 21
21% 22
21%
41% 42*2
41
42%
41
40
41
120% 118% 122% 120% 1223., 12034 1213.1
14034 140*4
148 146% *146 147
146
142 142
141% 14138 14134 *141 142
210 *203 210 *203 210 *203 210
150 *135 160 *135 160 *135 150
170 *150 170 *150 170 *150 170
*2%
*2%
*23g
3%
3%
3'"
3%
* __
9
9
*6
8%
*65
70
*05
70
75
*65
75
♦
.
90
99%
99%
99%
63
51
52
61
*50
52
*50
73
70
70
73
*70
70% 70'"
70
*69
72
*69
*69
72
72
155
154 154
1557s 1557g §155% 155%
502 *490 510 *491 575 *492 675
28%
28
28
28
27
28% 283,,
68
67
69
*68
70
*69
75
53
47% 471"
53
53
63
10% 10% *10% 12
13
*10% 13
213.,
22% 22% *19
22
20'"
20
23% 24
221.|
22% 2334 23% 24%
3834
38% 39
38
36% *3534 38
*28% 3034 30% 30%
30
30% *28
122'., 123
1225* 121 123% 121% 124
6234 63
61
61% 53
63
62
90% * ____
06 * ___
*105
94% 94% +94% 97%
*
96
90 * __
*105
*105 125 *105
128" *124*
1634 15*8
42%
45%
16%
17
313* +29
*68
69
2634 25%
69
60
*14
17
*30
40
*57
65
13834 134%
132 *127
24
26
*40
122% 121%
*140
150
*87
88
291.1
31
59%
61
49
51%
135 *125
68% ♦66
27%,
28%
110% 108
61
*59%
*97%
110
90
*80
151 *145
127
16%
44%'
♦16
31%
69
2634
*58%
*14
*30
*57
135
♦127
♦24
Tuesday
Aug. 2
130*
16%
44%
16*4
31
71
25%
00
17
40
05
135%
132
25%
00
122
146
881"
305,s
59*8
60
130
08%
28*8
109%
01
111)
91
151
145
39
94
93
115
108
no
us
127
94
115
135%
91
90
29
59%
05
37
120%
15%
42%
*10
*29
68
2534
68
*14
*30
*57
134
*127
23
*35
1207s
*140
*87
28%
*58
47%
*125
*60
37%
108%
59%
+97%
*80
*143
*
38%
93
*87
112%
♦95
*80
*98
1253.1
*91
*105
13278
*85
90
27%
58%
*55
34%
57
58
110% 108%
21
21%
49
50
25%
25
93S
0*8
63,
7%
207,
20*4
433,,
44
107 *105
169»s 157%
01% *89%
27
+50
16%
15%
327,
31*%
44
*4112
69% +02
*4%
6
12
*10
0
*5%
48
471"
126*% 127%
16
10%
4434
46
1034
17
30
*29
68
*08
37%
273S
5934
60
*14
17
40
*30
05
*55
13634 13634
131 *127
24
23
60
52
122% 123%
146 §143
88% +87
31
31%
61
61
50%
48%
130 *125
08% *65%
273,
27%
111
1095g
69% *59
100 *100
92
*80
150 *143
146 K__
391"
40
943.,
9434
93
*8.8
11434 111%
108
*95
110
*80
*98
118
128% 127%
*91
94
115 *105
135
137
*85
90
91%
90
283S
30
62
62%
*58
60
36%
36%
♦20
215
5734
so
112% n o
22
22%
4934
60
253,
25%
10%
7%
0»«
6%
20
207g
44
44%
107
16134 1597g
*89%
01
27
20
55
1634 16
34
32%
4234
44
69% ♦62
5
*4 14
12
♦10
0
*5
471" *48
*28
*05
90%
981
10'/%
106%
*85
75
185%
*60
*250
70%
*25
*
22
4134
121%
148%
142
*203
*130
*150
*2%
BANKS
AND
Sales of
the
Week
Shares
PAGES
STOCKS
N E W Y O R K STOCK
EXCHANGE
Range Since January 1.
On basis o f lUD-share lots
*65
*50
*70
*69
157%
*493
28%
69%
* ____
11%
21%
2334
38%
*29%
122%
62
* ___
*
*105
TRUST
Highest
Highest
nn A r b o r __________
.
25 F eb
36 M ch
______
Do n rcr___________
481" F e b 23
72*2 Men
57,850 <Hch T op ek a & Santa Fe
to t, J ’ ly :6 124's Jan
Do p re f___ ______ .
1,400
10414 Jan lu
x<J7 J ’ ly
1,600 A tlan tic Coast Line R*R*’ 10212 J ’ ly 2
137'?Jan 6
7,000
a 'tlm o re & O h io ______ * x ' U4 A ug
llO 's J a n
D o p re f____________
94 Jan
80 J ’ly
20,675 B rooklyn R a pid T r a n sit.
08% F e b
82:,s M a y .l
6,760 ' 'a nadlan P a cific________
178 F e b _ 198i4 M ay25
'a n ada S o u th e rn ______ "
60'2 J ’ly 20
70 Jan
248 J ’ ly 26 312 Jan
100,280
65 A u g
92 Jan
200
23/* J ’ly .
6684 Jan
______
Do p r e f________________
64,s J ’ne;.
69
Apr
1,750 .’ tiio G t W es, trust r t f s . .
19 J ’l v t
36?s Jan
1,920
Do pref trust c t f s ____
40 J ’ly „
43
64% Jan io
12234 30,950 Chicago M 'lw & St P a u l.. 113-44 J ’ne 011 158% Jan ;
D o p r e f________________ 143i« J ’ ly 2
580
1461"
172% Jan ,
3,515 Ihicago & N orth W estern 13 7 1 4 J ’l y : . 182i2 Jan i
142%
D o p r e f______________
203 J-I1027 225 Jan t
210
:hlo St P Minn & Omaha 140 A p r 28 162*2 F e b
150
D o p r e f________________ § 1 0 0 Apr 25 |17U% Feb 18
170
21" May24
6% Jan
3%
_____
6 I4 Mav24
1214 Jan
70
J ’ly 25
9214 M ch 18
75
D
o
p
re
f________________
100
J
’ne
4
______
104
Jan 15
99%
100 .oloraclo & S o u th e rn ____
46 J ’ly 26
65% F e b ’ 6
53
D o 1 t p referred _______
200
VO J ’ly .7
83
M en
73
50 A u g 1 81 Jan 6
Do 2d preferred
160
72
1,050 I Delaware & H u d s o n .:.. j4 9 :4 J ’ly 26 185 Jan 3
158%
I ' e aw are Lack & W e st- 4 9 J J ’ly 26 620 M ch 2 1
530
62 Jan 3
3,430
2314 J ’ ly 26
29%
84 Jan 3
Do p r e f_____
1,377
02% J ’ly 26
70%
300 D etroit U n ited .
45 J ’ i y i i
06 Jan 27
60
18% Jan 3
600
10
J 'ly ;
11%
D o p r e f.
595
34% Jan
17
J 'ly :6
21%
0,500 I'rlo
34% Jan
243,
i-% J 'ly .6
E
D o 1st p re f.................
1,500
35 J ’ ly 7
38'"
52% M ch
D o 2d p re f_________
100
26 I4 J 'ly 27
42 M cll
31%
118 J ’ ly .6 14378 Jan
123% 15,160 Nrcat N orth ern pref_____
3,992
Iron Ore p r o p e r t ie s ..
45 j ’ ly b
8012 Jan
63%
Creen B ay & W d eb ctfB
12
J ’ly 26
I8ig M ch 21
200
avan a E le ctric_______
8812 Jan 20
971. A p r U
98%
Jo pr
Do
p r e f_________
94i» Jan 25
99 Jan 4
96
a lle y ___________ 103 M ay 6 l247g J ’ ly 14
W Val
Do p r e f....... ....................
86 F e b 7 101% J n e l4
llinois C en tral_________
124 J ’ ly 26 147 Jan 6
128% ‘ i '3 0 0
n terboro-A Ietropolltan .
13,000
14'4 J ’ly 20
25i2 Jan 11
Do
p
r
e
f______________
403, 11,700
41l2 J ’ly 26
027g Jan 12
15 J n e j u
1,400
30 Jan 3
107g
Do p r e f.
25 J ’ly 26
500
54% J a n 3
30*8
68 A u g 2
C Ft S & M tr cfs, pref
80 F e b 18
200
78
ansas C ity S o u t h e r n ..
23 J ’ly 2 ;.
44% Jan 3
1.525
27
68 A u g 2
Do p r e f_____________
71 Jan 4
1,600
60%
ake Erie & W estern ___
15 J ’n e 30
6
2534 Jan
16
I i D o p re f_____________
45
J ’n e 29
62% Jan 3
40
60
j ’ly 1
70% A p r 14
1,000
65
131'? J’ly 26 15934 Jan 5
3,300
13838
anh attan E le v a te d ___ 123 J ’ ne3U 13 9 M ch >
132
63*4 Jan 4
Inncapolls & St Lou's
243.,
23 J ’ly 26
1,150
D o p r e f____________ . . .
47 J ’ ly 27
80 F eb L4
200
51
12534 3,400
114 j ’ly 26 145 M en 3
D o p re t____________
144 J ’ ne 6 15o% M ch 2
14534
125
D o leased line ctt3____
86 '2 M ay 5
9234 j a n
3
89
27 j ’ly 26
3H" 13,850
t l 's J a . i l
Do p r e f_______
7458 Jan 6
600
67 j ’ly 6
62%
P a cific.
7,500
41 J ’lV 26
735g M a y .3
51%
ash C hatt & St L o u is , 125 J ’ly -6 139 J a o 8
130
at R ys o f M ex 1st pret
60 F e b 3
69 J ’ly 20
68%
D o 2d pret_________
1312 J ’ly 26
5,400
28
29*8 M ay b
111% 20,650
105% j ’ly -6 128 M ch b
100
55 >2 M ay 4
61
67 M sy27
D o 1st p r e f.
{10 1
J ’ly 8 10934 Jan 2 1
no
D o 2d p r e f ..
8 2 % A p r 28
98 Jan 19
92
149 A p r 28 162 M ch 14
200
150%
Subscription receipts
100
-H43 J n e i o /Il6l M ch 11
143%
38'? A u g 2
50 Jan 6
2,600 t Y O ntario & W estern .
40
2,800 lorfolk & W estern _____
98
83*2 J ’ly -6 108% M ch 21
D o a d ju stm e n t p re f___
88 F e b 2
91% M ch 16
93
145%
Jan 3
111*2 A u g 3
115% 50,120
acltlc Coast C o .
105
J ’ ne 7 118% j a n 12
108
D o 1st p r e f ..
no
Do 2d p r e i ..
105 F eb 14 118 Jan 3
110
112212 J ’ly .6
13812 Mr h 9
127% 36,025
8J J ’ly .6 ’.043g M ch 22
100
02%
Do pret___ ____________ 114 Memo 118 M ch 1
115
e adin g................................ 13058 J ’ ly 2 j 172% F e b 18
139% 478,950
1st pret_____________
88 J ’ly -2
93% F e b 17
90
2d p re f........................
87 J ’ ly ’. 6 110i2 Jan 3
500
94
57% Jan 5
30% 50,571 R o ck Island C o m p a n y ___
22?s J ’ W 26
D o p re f_______________
54 J ’ly 27
921; A p r 9
5,730
62%
Q t L & San Fr, 1st p r e f ..
73 Jan 0
6 OI2 J ’ ne 13
67
D o 2d p r e f....................
3,000 O
60 Jan 6
38
34*2 A u g 2
t Louis S ou th w estern ___
34i2 Jan 3
I 8 I2 J ’ly 26
D o p r e f________________
900
61l2 J ’ ly .6
58
77% Jan 3
1123, 102.625
IO3 I4 J ’ ly 26 2138% Jan 4
3334
Jan 3
22%
3,025
18
J ’ly 2 b
D o pref
do
3,050
43 J ’ ly 26
75 Jan 3
50%
'exas & P a cific_________
2,250
26
30% Jan 3
2 2 '2 J ’ ly 26
bird A v en u e <N Y ) ___
3,600
8%
6 '" J ’ no 1
I9i2 Jan 7
200 lo le d o R ailw ays & Light
7
1534 j a n it
6 i2 J ’ ly 6
227,
3,800 1'olcdo St L & W e s t e r n ..
64% Jan 4
19 J ’ ly 26
Do
p
r
e
f________________
463,
42 S4 J ’ly 28
2,800
72% Jan 4
263 Twin C ity R a p id Transit 103 j ’ly 26 117i2Jan 3
107
1635, 376,000 J J n lo n P a clQ c__________
15214 J ’ ly 26 204% Jan 3
D o p r e f.
911?
800
88% J ’ly 26 103% Jan V
300
23'4 J PC 30
20
42% Jan 3
D o p r e f . . . ______. . .
200
47 J'n e30
7233 j a n 8
54
a b a s h ........................
103,,
12">s J ’ ly 2.i
2734 Jan 3
3,100
Do p r e f ..............
61 Jan
6,000
34
28'S J 'ly 26
•40
J ’ ly 26
54%Mch 12
43
300 W est M aryland R y . . . ,
6714 J ’ no 18
70 '2 M ay 19
D o p r e f____________
69%
io Jan
5%
2,300 W heelin g & Lake E r i e ..
3 A p r 28
23 Jan
Do 1st p r e f____________
8 J ’ ne iO
111"
300
D o 2d p re t__________
7
050
4 J ’ne 30
13i2 Jan
48
300 W isconsin C e n tra l___
44 J ’ ly -6
VRi"Mch
35
72
97%
98'"
109
107
01
V5%
186
05
280
7134
40
65%
2210
Range for Previous
Year (1909)
-inti, -.ails
A
0
H
H
127*4 127% 127% 128%
1634
1534 16%
10
4634 44% 451"
45%
167,
16
163,|
16%
30
*29
30
30
71
*08
71
*68
271j *2634 27%
27
6934 60
60
+58
17
*14
16
*14
*30
45
40
*30
60% 63
65
63%
137% *136% 138
137%
131 *127 131 *127
24% 24%
24%
24
*51
54
52
*48
1235, 123 124
12334
143 *142 150
14534
*87
89
89
*87
32
30% 30*4
31
01% 62
61
*62
48% 50
51
49%
130 *125 130 *125
68% *65% 68% +60
28
27% *27
28
111% 109% 11034 U07g
*59
01
61
*59
*100 n o
no
*100
*80
92
92
*80
150 ♦145% 150
150
145 ♦
145
143%
3934
40
39%
39%
*94
95
96
95%
98
*87
93
*88
1143,
115
112*4
114
108
*95 10,8
*95
111)
*80 n o
*80
*98 n o
no
*98
128% 1273g 128% xl26%
94
*90
94
115 *105 1 1 5 *105
137% 135% i37'a 13634
*85
90
90
*85
91% 91% *91%
91%
2834 29%
293,
29%
6334 61
62
62
*55
65
65
*55
36% 36%
33
37%
+22
21
24
♦22
59
58
6012 *55
10978 111% 11034
112
21% 2 1 %
22%
2U"
4934 4934
403.,
50%
263.,
25%
253.,
{2 75!4
8
9
%
8J*
6% . . . . ____
*6%
203, 22%
22%
20%
4534
454.1
46
40
____ IU0 I2 106*2 107
162% 160 161% I 6 U 4
90*8
00%
91
91
__ _ ____
26
20
60
50
*50
16% 16%
16'"
10%
3234 33%
34%
33%
423., ♦4234 45
43
69% *62
69% *02
5
634
5%
5
11
11
11
12
7
6
7
6
50
*46
48
50
Ask
Ask
Banks
Rut
nut
Banks
C hatham . . 320
330
N ew York
175
Chelsea E x f 200
180
A etna
Chemical . . 1401
600
A m erica H .. 580
30
237' Citizens’ Cti 155
A m er E x cb .
1*0*0”
C ity ............... 365
115
A u d u b o n . . 1(H)
375
Coal & Iron 150
B a ttery P k. 115
125
165
Colonial
j|
..
B o w e r y l l... 375
350
C olum bia 1|. 350
B r o n x B o r o l 300
C om m erce . 1197 ti.00*"
190
B ron x Nat
200’
Corn Ex 1%. 315
B ry a n t Pk T 155
320
16)
East R iver. 145
B u tch & Dr 140
155
145
Fidelity <[|.. 105
Cen tu ry 1|_. 170
175
175
Fifth A veil 1100 4500
C h a s e _____ 480
780
'B id and a ked K. .__ .. .... ........ ....... .....- - ...........
{S a le at Stool: E xch ange or at au ction this week
96
96
Friday
Aug. 5
TW O
I
K
P1
M
N
F
R
W
C O M P A N IE S— B R O K E R S '
20
M ch
9 7 if. J a n
100'j Jan
107's Jan
i0 3 '- F eb
91 N ov
67 Jan
1165 M ch
00 % Jan
2 :6
P'eb
5563 Jan
67/g FeD
70 N o v
3 1 % D ec
58 -% D ec
141 F eb
158% M ch
173% t e b
208 M ch
148 API
106% Jan
3 % D ec
7 % D ec
68 Jan
100 Jan
61 D ot
7 (jlo Jan
73% Jan
187% F eb
535 F eb
37% Jan
79% Jan
56 Jan
14% N o v
28 Feb
22 % M ch
36%
28% Mch
136% F eb
66% M ch
13% N ov
39 F'eb
8 3 % F eb
Men
25
M ch
*125-% O ct
101 ,% J ’ ne
143% A u g
1 2 2 % J ’ly
96 A p r
8 2 /g J ’ne
189% D ct
70% N ov
323'" Sep
91 % D ec
74 % Apr
78% M ch
3 7 % D ec
64% D ec
165% Sep
Isl A ug
I9‘i% A u g
V230 " A u g
167 A u g
>iso J ’ly
7
Jan
!8% J7R
83% D ec
105 M en
68% Jan
86 M ay
84U Jan
2 0 0 " M ay
680 A p r
51
Apr
90 F e b
71% A u g
21
Jan
36% Jan
39 J ’ ne
5034 A u g
48 A u g
157?8 A u g
881 " A u g
21 D ec
103 D ec
1U0 D ee
941' , J ’no
88 Apr
137 f e o
162% A u g
li% M ch
25% D ec
3634 M ch
63% D ec
2b34 N ov
38 A p r
48 Sep
62 A p r
74% F eb
82 Sep
70% A u g
37
677* £ e b
76% A u g
19% F eb
29% Allg
48 Jan
647* J ’ ne
69 Jan
7 1 % D ec
rl21 Jan
162% A u g
1 5 3 % Jan
137 D ec
61 Sep
65 Jan
M M ch
90
Jan
132% Jail
1 4 9 I0 Jan
1641" A u g
147 A p r
9 4 " D ec
89 J iy
501" O ct
3 5 % F en
71 J.eb
78%' O ct
65 F eb
77% Aug
122% Jan
142 D ec
44% A p r
64 Deo
21
D ec
26% M ay
120% F eb
147% A u g
48% Mch
69 N o v
100 F'eb
100 F’eb
76% A p r
95
N ov
{154 N o v 1743, J ’ne
,il4 7 t-D e c *149% D ec
42% F eb
55% J ’ne
84% Jan
102 D ec
85% Men
92% J iy
133% F eb
159% A u g
7b Mch 1161" Dec
100 M ch 4106 " Sep
88 M ch 115 D eo
126% F'eb
151% Sep
86% Jan
997g D eo
104 Feb
116% Sep
118 F'eb
173% Sep
89 M ch
98 A u g
90 F eb
117% D eo
20/g F'eb
81 D eo
675* F e b
943j D eo
65% Mch
74 D eo
36 F eb
0084 Sep
353g D ec
20% F'eb
47% Jan
82 D e c
114-% F’ eb
139% A ug
22 F e b
34 A u g
60 Jan
76% D ec
30 F eb
40% A u g
12% D ec
42 % Jan
7 May1 5 % Jan
43 F eb
54?g O ct
0434 F eb
74% Jan
9? Jan
116% D ec
172% Feb 219 A u g
r94 M ch 118% A u g
30 F e b
47 Sep
50% F eb
77 Sep
16 F'eb
277g D ec
41 F e b
6134 J ’ne
5
J ly
J ’ ly
6% J ’ *y
357* Jan
15%
127), Jan
257S Jan
15% Jan
637), A p r
^ U O l ’A iT O N S .
nut
Ask
nut
Banks
Eta
Ask
Banks
Banks
F ilth .......... 300
210
350
frv ln g N Ex 205
Mutual J . . . 285
First _______ 875
Nassau i|___ 240
Jeiferson fl.„ 175
185
900
14th S t H ... 150
New N eth'd 210
L ib e r ty ____ 025
165
F o u r t h ____ {185
900
L in co ln ____ 400
4*2” * N ew Y ork C o
G allatin . . . 320
New Y o r k . 320
3*4*0' dan h attan li 320
335
N’ ht & D a y f 200
G a r ll e ld ___ 290
Mark’ t& F ul 250
300
255
19th W a rd . 250
G crm -A m 1] 140
260
150
M ech& M ct’s 250
N orthern . .
G erm ’ n Kxlj 485
M ercantile . 150
160
Pacitlclj____ 230*
Germ ania 1). 550
170
5*0*5" Merch Exch 160
P a r k ............ M45
G oth am . . .
M erch an ts'. 175
180
155
150
P eop le’s 9 . . 270
G reenw ich 1] 255
M etropolis T; 390
265
410
. . P h e n lx ____ 195
H a n o v e r ___ 620
M etropol ’ nil 200
630
P'azaH.......... 625
Im p ft Trad 540
Mt MorrlsH. 250
560
260
d a y . t Ex-rlgnts. $ Less tn an l o o snares. UState nanus, a E x -d ivid en d
n Sold at p riva te sale a t this price,
t 2d
h First Installm ent paid
Ask
295
hia
Banks
P rod E xch {j 165
R eserve . . . f 100
2*3*0** seaboard . . 390
Second . . . . 400
3*3*5*' S h erm an ___ 135
State 1]____ 275
225
12th VVard.
260
23d W a r d .. l*4*u”
105
U n o n E x c . 165
240
W ash H ’ ts H 275
350
W est Side 1i 650
280
V orkvllie H. 600
205
Ask
178
___
4*2*5*’
0
N ew sto ck ,
aud rignts.
paid
u 3d paid.
....
2*9*0*’
140
1*7*5*’
.1 1 .
111.
322
N qw York Stock Record— Concluded— Page 2
STOCKS— HIGHEST A N D LOW EST SALE PRICES.
Saturday
July 30
Monday
Aug. 1
Tuesday
Aug. 2
Wednesday
Aug. 3
Thursday
Aug. 4.
Friday
Aug. 5.
Sales ol
the
Week
Shares
STOCKS
N E W Y O R K ST O C K
EXCHANGE
fV O L . L X X X X l .
Range Since January 1
On basis o f lOO-sl,ire tos
Lowest
Range for Previous
Year (1909
Highest
Lowest
.im ustri :lu A iiscclla.iocu .
*250
. . . *250
*250
...
*250
*250
___ *250
dam s E x p ress________ >241) .f’ n c c i'270 Jan f
19) Jan
*8
93
*7%
9
8
8
81
*S%
9
8%
8%
Ills-Chalmers_________
71 - J ’ ly 2
800
15 Jan 3
123j F eb
*23% 29
*23
28
28
27
*23
27
*23
28
27
27
1 ) 0 p re i.
200
643| Jan ft
38 F e b
(511,8 021
GO
60% 617
64
62
0134 63»j 123,800
64
60's 02 %
551,4 J ’ly 1 ;
90% Jan 3
65 F eb
3812 3S1
40
40
*40
42
40
41%
41% 421.
42% 43
35
J ’ly 2i
49 Jan 10
1,300
33% Jan
+9l> 102
+90 102 *100 102 *103 102 *100 102 *100 101
Ugl4 A n r
Do p re t_________
103 Jan 10
05% Jan
281.1 281
2734 201
28
281
2!)7f
29
29% 301
30% 33b '7~300 A m erican lie e t Hug,
24 J ’ ly 2 t
47% Jan 10
20% Jan
90
*.85
921 *85
*85
*85
Do pret_________
89 J ’ly 2
90 *____ 90
90
0 5 1 - J ’n c 1:
82 Jan
8*8
734
8
8
Y34
73
7%
734
77g
8
8
0 % J ne >1
A m erican C an_____
"
2*200
*J.NJ,an
3
7% Feb
6 GI2 6 (J1
64
65%
65
65
60
65% 651
D o p re l________________
62
J ’ ly
66%
66
6t)lj
811-Jan i
7U- Feb
2.700
43
45
43% 44
443,8 45%
44-g 45
45% 45%
3 9 1 - J ’ ly 2i
7,550 A m erican Car & Foundry
41% F eb
72's Jan £
109 109% 1093a 109% 109 109
*109% 111
109 109
Do p r e t ,_______________ 109 .I n ) ii 1 2 0 M ch !
ID7I- F eb
710
54
of)
5534 56%
54% 55
53% 54
55% 55%
55
21 ,1$ J ’ ly 2 (j
55%
1,505 A m erican C otton O il____
01)1; M ch .
42% Jail
+101 101
*101 101 §101 101 *101 101 *101 103
Do p re l____________
HU F ob
30
10 i A p r l .
9 < 0 «'i 1
*225 250 *225 250 *225 250 §235 235 §235 235 *225 250
35 A m erican E x press_______ §235 A u g ; .:.!) Jail
§205 Feb
47s
4‘>
*4>s
5
*4%
5
*41*4%
5
5
4% J ’ly it
100 A m erican H ide & Leather
6% Feb
31 ,; Jan
ft
2512 25
25
25125% 25%
26
26%
Do p re f________________
25
253
25% 26
20 J ’ ly 2 (
2,050
3) F eb
Jan ;
18*2 l£>'^
1834 18% *18% 183,
1834 19%
18% 18%
18% 183
1,000 A m erican Ice S e c u r itie s ..
l(;% J ’ly 2 (
18% Jan
2 9 % Aleh .
♦J 1
12
11% 11%
11% 11% *11
1134 113
12
12
12
700 A m erican L in s e e d _______
1 0 % J 'ly 27
12
E'eb
173, c a n ;
29
29
*28
*20
33
31
30
*28
31
30
D o pret______________
*28
30
2 5 % J ’ n e j,
300
407g Jan ;
29 Jan
32^2 J4
3234 35%
353,
34% 343,
35
34
35
33
33%
29 J ’ly .8
5.700 A m erican L o c o m o t iv e ..!
o2%
Jan
49
F
eb
105 105
103 103 k
104% *100 10234 ¥____ 1023.,
Do p re f______________
105 105
500
10 3
A u g £ 115 Jan 7 109% Feb
43.j
434
*43,;
5
43,
*434
434
434
43
5
5
800 Am erican Malt C o rp ___ I
4 % J ly .6
8
F
eb
5%
J
’
ly
3012 JOl?
30
30% 301- *301- 31
30% 30% 530
*30
30%
Do p re f_____________
28% J ’ ne ,u
330
48 M ch 21
38 N o v
+82
85
*81
*82
85
85
*83
80
*80
85
*81
85
A m er Sm elters Sec pret*!*
>2
J ’ly 23
80 Jan
90>3 Jan ;
64% (jGto
62% 07
653s 67f| OV.TOO A m cr Sm elt ng& Retlnlnr
Go's 66165
671,i
03% 65
0 1 % J 'ly 2 .
77% F eb
101 Jan 3
101 101 *100 101
101% 1013g *100% 10134 1()134 1013.', 1013. KIR,
Do p re l________________
900
9 8 % J ’ ly 26
li)l Jan
112*: Jan :
Am erican Snuir___________ 2n
*200 300 *200 300 *200 300 +200 300 *200 300
A p r 4 : 5 A p r 27
2 2 . Men
*95
101
*95 101
*95 101
+95 101
D o p re t________________
*95 101
*95 101
9 51 - Jail l;> 101
>J5 M ch
M av.il
423, 43
4334
43
437g 437g §12% 42%
43
43
43
43%
1,705 A m cr Steel F ound (new)
38 J ’iy 26
3 1 % Feb
00
Jan lo
+ II 6 I2 12 0
115% 117
110 7g 1107g 110% 116% 117 119
*115 118
1,800 Am erican Sugar R ciln ln ; 114% J ’ no i 1287g F eb 18
1 15 % N ov
*115 120 *115 120 *114 120 *114 120 §116'g 120 *114 120
Do pret________
115 J ’ ne 6 12 4 F eb 23
119
118 N ov
130's 13Ufi 12034 1303, 130 1315g 13134 132% 131% 13134 131% 132%
8,100 Am erican l ’eieph & Teieit 1263j J ’ly 20 1433s Feb 21
125 Feb
*91
92
92
92
913.1 9134
*91
92
91% 9U *91
92
500 A m erican T o b a c (new) ,pl
90% j ’ly 26
UOi- Feb
9 )3, M ch 1*26
27l.| *24
277g
28% 28%
26
26127
28% 28%
271800 A m erican W o o 'c n ________
i5',s J ’ly 6
20
F eb
00%
Aleh
18
93% 9 .H2
93% 9334 9334 9334
93
931.s
93% 937g
93
937s
Do pref___________!
91% J ’ ly 3 104 Aleh 7
1,000
93% Jail
38
38
38
38
38
38%
39
38% 39%
37
373.
3,910 /A n a co n d a C o p p e r / J7rr$25 { 3 3 1 - J ’ly 2 t, ftol Jail 0 5 3 7 % F eb
*20
24
*22
24
23% 241- *23
25
21
J no ;
*22
*20
23124%
200 O e th le h e m S t e e l ..
18% Aim
34 Jan ;
* ____ 53 *____ 52 *
521- +------ 52 ¥
Do pret_________
63 F e b >
52% *
52
4/
le b
05 Jan l
128 128
129% 129% 127 127 *127 130
129 130
126
J ’ i y 20 1641-Jan 0
128 12S
" ” 800 llro o k ly n Union C a s___
US Jan
*83.( 10
*834 1 0 1 §9
9
*ss4 10
8 J ’ l ic .o
30 U runswlck T erm & ity Sc
*834 10%
1 7 /- D ec
18%
Jan
0
♦29
31
*29
301.1
*29
3034 *29
303,
30
30
28
J ’ ne *29
31
100 H utterlck C o____________
23/s Jan
03
Jan 4
301_i 31%
31% 33l,|
32% 33%
29% 31
291- 30%
331.1 34% 17,425 / 'entral L e a th e r____ ! ! _
25% J ’ ly 26
25% Aleh
483, Jan 3
♦101 103
D o p re t_____________
101% 102 *101 103
1027- 103
101 101 +100% 104
750 '
99% J ’ly 27 109% Aleh 1
UOi., A pr
261J 26%
2534 27%
26% 28
2734 28%
27% 28
253| 2534
3,000 C olorado Fuel & i r o n . . !
2 2 % J ’ly 20
29
F eb
iO Jan 3
*4*2
6%
6%
*5
6%
*5
6%
*4%
Col & llo c k Coal & Iron"
*5
6%
*4%
6%
4 % J ’ ly 20
2 1 -1 - F e o
92% Jan 4
C om stock T u n n e l. P a r 52
23c J ’ly 15
21c A p r
oOe. Jail 3
124 % 1261.1 123% 1*2*5*" 123 127
120 127% 125% 126% 127 128% 20,113 C on solidated Has (N Y)
322 J ’ly 2’U 160% Jan ii
1 14% l eb
133.1 14
13% 137g
14
14
11% §14
*13% 11%
1,700 Corn P rod u cts R e fin in g .!
131- 13%
11% J U8 30
23% Jan 6
10% Pel)
7212 72%
73
72% 721- *70% 73
Do p r e t . . . ________
*70% 74
400
71% 71% *70
7U3S J ’l y -0
73% e'eb
803s Jan •
*53
63
*53
63
*53
03
*53
03
*53
*53
03
63
Crex C a rp et________ ! ! ! ! !
55 A p r .0
46
Jan
021 - Feb ::
27
27
*25% 28
27
27
*25% 27
27% 273g
*20
27%
D istillers’ Securities Corn
2 5 % J ’ly 21,
33% Jan U.
32% Eeh
*223.i 40
*2234 40
*223.1 40
*2234 40
*223.i 40
*2234 40
Federal Alining & S m elt’
25 J ’iy 14
55 Alcli
60
M ch 8
♦60
65
*55
69
*.r>5
65
*60
*60
69
69
*00
621D o p re f_____________
53 A n r 5
80 Eeb
88 Jnn .,
138 1391; *138 140
138% 1101- 13934 1401- *133 142
111 141
1.300 General E lectric_______ ”
134 J ’ ly 20 10 0 % Jan 0
160% Eeb
87% 88%
80% 877g 87% 88
871- 88%
87
88
nt H arvester stk t'r ctls s83% F e b 6 125% Jan H
(j'J tlIlQ
4,200
88-% 89%
*117% 118 *117% 118
118 118 k_
118
117% 117% 11S% 119%
Do pret stk tr c t f s . . . 1 1 7 % A u g 4 12 9 Jan 1.300
109% Jan
4°s
4-s
43g
43g
*4
51*4%
*433
5 I4
*4%
5%
5%
300 Int Mer M arine stk tr ctt.
J ly
4% J ’ ly 25
7 % Jan c
15% 151# *141- 151- *14
10
15% 151? *14% 16% *11% 17
Do p r e l_______________ _
200
1 2 % J ’ ly 20
143s Jan 1,
18’Tj J ,‘ v
I)3! 10
*91101*0
101*9
*9% 11
l()3s 103,
10
1,700 Internation al P a p e r_____
9
J ’ ly 1
iji- Mch
16
Jan
0
*46
48
47% 47% *40
473i 473.4
Do p re t________________
*45
48
*44
49
48
30 J
4 1 1- J ’ly 20
4/1, Mch
o l% J a n 3
39
39(2
39
40
39
40
3834 39%
38% 39
40% 4012,550 (n tern at Steam P u m p ___
•30'S J ’ly 20
3 3 1 ., Eeb
64-sJan <
*79
80
*79
7934 80%
80^3 80%
80
80
Do p r e f________________
*78% 80
SO
420
7s% J ly 20
8 2 1 - Jan
903,
Jan
L
94
94%
95% 97
9434 90
96
97
95
95%
90
98%
5,175 Laclede Lias (St L) c o i n ..
93% J ’ ly 29 1161- Jan 10
101 J ’ ne
*81
86
*81
*81
80
86
83
*81
84
*83
83
100 M ackay C om p a n ies_____
SI
79
J ’ly 20
70 Jan
01% Jan .‘
*71
7212 *71
Do p re f________________
72%
72% 72% *71
72% *711., 72%
731- *71
100
<1
J ’ ly 27
69% Jan
78%
.Jan
10
*101 107 *10(1% 102 *101% 107
ational H ls c u it _____ !
101 101
900
100 101
*997s 101
100 A u g „ 115 Jan 6
UOi- Jan
*118 130 *118 130 *118 130 *120 130
Do p r e l ________
“ 1 1 8% J ’ ly- 0 125
100
120% 1201- *120 130
Jan 17
118% a an
*16
161- *15% 17
16% 10% *15
10115%
300 iNat E n am el’g & S tam p"!
16% *15
15 J ’ ly 20
j*j5o t eb
28%
Jail
3
*75 100
*75 100
Do p r e f...................... ..
*75 100
*75 100
*75 100
*75 100
8 0 % Aiay 13
82
Jan
90^2 Jail
48% 483g 49% 49L
49
50
491- 503g
49% 50
" 2*900 N ational L e a d ___________ “
50%
4 5'- J 'ly 20
71% l'OD
89>s Jan 4
*101 106 *101 105 *100% 105 *1021- 106 *100% 101
Do p re f____________ !* iui% J ’ly 20 110% Jan IV 10 2 % A p r
103% 1031150
19
19%
19
1!)
18% 19%
19
19
19
19119% 197g
7,100 dN cv Cons C opper ."/Mr £ 5 $ 1 7 1 - J ’ ly o $215s M ay 16
*68
72
*65
70
69
69
§70
7!)
*05
70
*05
70
120 New Y o rk A ir D rake____
59 J 113 0
80 Eeb
95% Jan 3
*64
6712 *63
*63
66%
07
67
657s 05%
057s 67
07
800 N orth A m erican Co new
0 J J ’ ly 0
72
Jan
84 Jan 8
*2312 25
23% 2334
24
*24
25
24% *23% 24%
24% 243,|
900 1 J a cd lc Alan_____________
22-S J ’ ly 2u
29% F eb
43% Jan 4
30% 30% *30
33% *301- 33% *301- 33130% 301- *31
33%
200 T actlic T elep & T eleg!"
30 J ’ ly 25
45% N ov
46% Jail 4
105 105L 105 105% 105% 103% r 10334 104% 104% 101% 105
I053g
2,800 P e o p le ’s G L & C (C h ic)! 10 3 J ’ly 20 1163s J an 3 1 0 1 % Jan
*86
89
*84
88
*86
89
*85
90
*85
83
P h iladelphi 1 Co ( f t t t s b ’ h)
*85
89
84 J ’ ly 0 106% Jan 3
99% Hoc
14% 14%
145g 15
14
14
15
15% 1511578 15's ’ 1*950 P ittsburgh C oil C o ____
15%
13 J ’ ly 20
10 A p r
27% Jan r
*00
70
D o p r e t.
___
*60
70
*60
*60
70
70
*00
70
70
*60
6 0 % J ’ ly 26
40 Eeb
85 Jan J
29
29%
30
30
30% 30%
32
32
29% 29132
32
1,950 Pressed Steel C ar________
25 J ’ ly .6
30% Eeb
6178 Jan J
*90
95
D
o
p
re
f______________
*91
95
*90
94
*91
04
*92
94
94
94%
200
90
J ’ ly 2 7 1 0 /% Jan ft
9(1 Eeb
*155 158 5156 156 §157
157 *155
158 *155% 157
158
158
202 Pullm an C o m p a n y __ _ ! !
155 J ’ ne.ji, 200 Jan H
109 Jan
*2%
3
2b
*2%
3
*2l.i
2%
33fi
33g
*2%
3%
*2%
100 Q uicksilver Alining__ ! .
2 % J ’ ne 27
1*9 Jan
37g A p r 5
*27s
3
*27„
3
27g
Do pret________
2%
*2>g
*3%
3%
100
5%
*3%
2?s A u g 2
3
Aleu
578 M a y .l
2934 2934 *29% 31
3034 o0*Tj *29% 31
*29% 31
*29% 31
200 I » all w ay Steel S p r in g !!
28
J ’ly 20
32% Aleh
61's .Jan 0
*00% 95
*90% 99
I Vi h o p r e f_____
*901.1 99
*90% 99
*901.1 99
*92% 99
95 J 'l y 6 107 Jan 17
977g
Eeb
28% 28%
28% 28%,
28% 29%
2834 2S34 29% 30
28%' 28%
*3*025 R e p u b lic Iron & S te e l! "
27
J 'u e 4
1 0 is F ob
467s Jail 3
*88
90
897g 90
80
89
88% 88%
*89
90%
Do p r e f____________ ! ‘
90
90%
1,420
8 2 % J ’ ly - 0 104i.| Jan 3
««07% Eeb
48% 53
51% 57%
50
50
49
53%
*53
50
50
56
7,250 iJloss-S h effleld Steel & Ir
4 3 % J ’ly 30
861- J all 3
63
Eeb
l I 6 I4 Ujl*
D o pret_________
20 O
114
J ’ly 0 113% F e b 1 107% Eeb
21% 21% *21
22% 227g
2 2 % 23%
23
22% 22% *22% 23~
2,400 dT enn essccC opper P a r l s l 519% J ’ ly ‘2 0 540-8 Jan '•> *33% O ct
*80
95
88
*83
95
84
86
*81
*85
90%
200 Texas P acltlc Land Trust
33
F eb 8
801- E’eb
05 M ay 13
*6%
8
717
*6%
8
*6%
7
*6%
71nion Hag & P a p e r ..
*6%
7%
100
0
J ’ ly 5
9% Eeb
13% Jan 10
♦55
61
*55
60
*55
60
*55
66
D o p re t_________
55
55
58
§58
28
06
Jan
7J Jan H
55 J ’ ly 15
*97 100
*97 100
96
9/
*95
*95 104
*95 102
200 U nited D ry G oods C o s ""
115 O ct
96
A
u
g
2 12 2
Jan
3
J10034 1003.| *99% 104
99% 99% §9934 993.1 *981.1 100 >100 100
Do p re f.......................... !
402
9 9 % A u g 2 U37s Jan
4 rll)9 Sep
15
15
*14% 15
*14
200 U S Cast I Pipe & Foundr
24% E’ eb
32 Jan 3
1 4 % J ’ly 2 1
*32
*52
55
D o pret________________
60
100
70 Aleh
49 J ’ n e .o
84 Jail 16
*95
98
98
98
*95
93
*95
0.8
*96
99
*90
99
100 U nited States E x p r e s s .!
82
Feb
95% J ly 20 145 Jan Hi
*
*65
68
68
*65
08
*65
68
*64
07
(J S R e a lty & Im p ro ve m t
0 1 E'eb
84% Jan 4
04 % J ’ ly 20
*4
0
*4
*4
7
7
*4
7
*4%
7
*4
7
U S R e d u ctio n & Retlnlnn
10 M ch
4 J ’ nc_7
11 Jan 14
♦12
20
*12
30
*12
*12
30
20
*12
20
*12
20
D o p r e f...........................!
24 E'eb
13 J ’ly 3
29% Jan 3
*31
33
*32
34
*30
34
33
33
*31
33
32% 33
400 U nited States R u b b e r ..
27 Feb
62% Jan 3
27 J 'ly 6
*104 105
101% 101% 101 101
105 105% 101 104% 1043.1 1 0 5
Do 1st pret___________
2,010
98 Jan
110%
Jan
lo
99
J
’
ly
26
*05
69
67
07
65‘8 65*4 *05% 6S34 *65% 681- *65% 6.8
D o 2d p ret_____ ______
300
84 Jan *
0 71 - Feb
69 - J ’ly 2 7
6634 67%
06
67%
65% 6884
67
69%
67
08 %
67’i 69
>80,250 U nited States S teel___ _
0 1 % J ’ ly 26
o
l
Jan
3
41%
E’eb
115 115% r l l 2 % 1 1 3 % 113
114% 1113,, 114% 115
15
1141- 15
D o p r e f............................. l lo i - J ’ ly 20 125% Jan "
6,200
107 Fen
4234 437g
431.1 44%
43% 44%
44
44%
43% 44%
43% 441- 13.104 dU tah C o p p e r___ Par J io 1539% J ’ nciio 500% Jan 6 $39% E'eb
56% 58
56% 57%
56% 577g
5734 58%
577.,
57-% 58% x57%
7.800 V irgin a -c a r o d n a C h e m ._
47
F eb .1
02% AIay2’ 7
40% Eeb
*110 118 *110 117
117 117 *116 120
118 118
119 119
Do p ret________________ 1 1 7 J 'ly 28 12 9 )4 Jan 4
200
114 Jan
* ____ 01
____ 61
61
61
____ 61
61
V rglnla Iron Coal & Coke
68 A p r 22
73 Jail 8
57 Eeb
Vulcan D ctin n in g ________
15 F eb 4 §25 Jail 16
0 F eb
Do p r e f______________ !
00 F e b '
80 Jan 6
45 Jan
♦155 108 *155 168 *155 108 *155 168 *155 168 *155 103
ells F a rm & C o _____
152 Feb 8 ,195 Jan 4 300 Jan
60
00
60
00
60% 61%
62
62
61% 62
64
05%
estern U nion T e l e g ..
2,800
5:i J ’ly 26
78% Mch •
04 F eb
5434 5434
52% 54%
55
58
6834 3,050 A cstln gh ’ seEl (JcAltg assen
55%
55
56
55% 56
49% J ’ ly 20
82% Jan 3
74 F eb
*106% 125 *1061, 155 *105 125 *105
*105 125 *100
25
25
Do 1st n r e f____________ 11
May
130 F e b 24
lb ) Mch
A
1
__
I
N
U
__
__
__
W
Highest
25) N o v
107g A u g
671- N o v
EC's N o v
50 A u g
103 A u g
491 - A u g
98 O ct
15% N o v
86 J ’ na
70 1 - N ov
124% A u g
79% N o v
1071.1 N o v
,t0 D ec
LO Sep
ftp's A u g
42% A pr
20
J 'u e
4 7 % J ’ ne
09% A u g
J22 Aug
1 1 1 - J ’no
59 Sep
92% AUg
105% N ov
1 10 % A u g
1285 N o v
105
May
60% N ov
130% Sep
131 A p r
145% Sep
101
A liy
401- AUg
107% d 's *
554 :l- Dec
30% Sep
091 - Sep
10 4 % D eo
191- Deo
37
N ov
61% O ct
i l l Sep
63 D ec
9 1 % Dec
37c O ct
165% Jan
2 0 % J 'n o
93% J ’ ne
63 D ee
41% Jan
1) 6 % M ay
in AUvT
172% AUg
, 1 .3% D ec
128 D eo
0
O ct
27 >j? Jau
19% Jan
09% AUg
5 4 % N ov
91 Sep
1 i i-% D ec
9 51 - N o v
7 7 % Dec
120
Sop
130 Sep
30% Deo
99% Sep
94 AUg
113% A u g
97% N ov
87% J ’ne
48% N o v
64 O ct
120 A u g
J03 D ec
29% N ov
87% Deo
5b A u g
111% A u g
200 A u g
9% J i y
10 Alay
54D A u g
109 A u g
49% Sep
1 1 0 % J ’iy
1)4% O ct
120 Sep
$49 J an
937s J 'y
15% J ’ne
81% J ’ne
125% Deo
114 Dee
35% J ne
87% A u g
§111 D eo
87 Sep
17% J 119
39% A u g
67% AUg
123% A u g
89% A u g
047„ O ct
I ’J l O ct
107% N o v
66% D eo
128 D ec
7578 Sep
37% N ov
91% N ov
070
D eo
85% N o v
90 A u g
145 Sep
BANKS AN 1) TKUST (JO PANINS— aANk NIIS' ^UOTAJL’luNS.
iSUl
R a n ts
llrooklyn
B road w ay * 375
B rook lyn .
C on ey ls l’o f
First ..........
290
H ll i s i d e f .. .
H um es tead§
M a n u fac’ rs
415
M ech a n ics’1 240
M on tau k . .
N a s s a u ____ 245
__
__
A$K
no
J55
125
115
250
150
270
L»unks
Hrooklyn
4at C ity ___
N orth Side 1
People s ___
P rosp’ c tP k '
Terminal H
1 rust C o’ s
N Y City
A t o r _____
Hankers’ Ti
H 'w ay T r . .
ma
Ask
293
305
180
150
150
—
340
145
16J
90
380
050
150
1 ru st go j
nia
■V Y City
Carnegie . . 120
Central Tr. 9 0
C olum bia . . 27 )
Com m ercial
115
Com wealth
150
E m p i r e ___ 30.)
E uult'ble Tr 485
Farm L o & l 1709
Fidelity . . . 2 5
F u lt o n ____ 290
Ask
130
lOll)
280
120
•ill)
485
740
210
—
1 rust C o ’ s
G u a r'ty i r .
G uardian l'r
H u d s o n ___
K n lck erb kr
Law T 1 & Tr
Lincoln Tr
M annattan
M ercanti'e .
M etrop ol't'n
M u tu a l____
Mut A l'n ce
NY L lfe & fi
but
820
__
170
290
255
140
375
790
A t*
840
175
180
309
205
145
40 J
740
535
__
__
__ 1321-
13)
1100
1120
1 rust l o ' s
but
Ai*
N Y Trust. 040
05^
•kavoy.........
105
Standard 'l'r 400
•111)
l lt l e G u * Tr 499
500
1 r Oo ot Am .140
35 1
Union Trust 135) H75
(IS Mtg& l'r 405
475
Unit States 1200 1226
Van N orden
230
A as lung to n 375
W estchester 150
W indsor . .
120
130
1 rust
G o’ s
ILookiyn
H rooklyn Tr
Citizens’ ___
E l a t b u s b __
F ran klin___
H am ilton . .
Horne . . . . .
K.ngs Go . .
L Is! L <5s ’l'r
N a s s a u ____
P eop le’ s _ .
Q ueen- C o .
W lllln m sb ’ g
Bid
Ask
410
439
140
225
225
290
1 10
200
210
270
103
500
295
170
300
115
310
185
315
125
100
*Utd and asked prices: no sales on tius day. ■l Less than to o shares, tE x -r l
gilts t> N ew s tock c E x -d lv an 1 rights, il N ow q u o te d dollars per share.
tS ale at S to c k E xch ange or at auction this w eek
s H i- stock dividend.
1|Hanks m arked w ith a paragraph <!> are S tate banks.
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
Jan. 11901), th e fUeo'ianqe m othod o f quotin'] bonds toas ch anged, an l prices are now a l ’y—" a \ l intorasl” —snctpl lo r in com e an d d e fa u lte d bonds.
BUNDS
N . Y. STOC K E X C H A V i l li
WlCKK ENTUNi- Al'QUPT 5
•WO
P rice
h u ia ii
A u g u st 5
W eek's
R ange or
Last sa le
S75
R ange
<nnct
J a n u a ry
1
BONDS
N. Y. ST O C K E X C H A N G E
W kick E n d i .vo A u gu st 5
Jdrice
b r io a'.
A u g u st 5
W eek's
S a n y e or
L a st s a le
I
R an ge
biu ce
0 J a n u a ry
l
Mia
a s k Low
J fiyh A’o L o w H ig h
H igh A’o Low Jfiyh C e n to l u u l il t —< co n y
Chatt Uiv pur m ou g 48.1951 j . n
Oii^ Sep '1)0
......... 00
1004, 101'g 1004, J’ly ’ 10 .... 100 M 101*4
U S
Mae db N o r iliv 1st g 58.1040 J.J
10ll*4 101 4,
100*8......... 1047e J 'u e 08
100n8 ......... 100 J lie 10
U3
10.4,
___
1047
Allil
G
a
de
A
U
b
i
v
6
s
101*4
l o l l4 102 1 0 2 l4 J 'n e ’ 10
J-J 100 ......... 1 16 N o v ’ 05
U3
M obile D iv l s t g 6 s........10-iG J-J 105 ......... 110 J a n ’ l*. : : : : i i V 6 ” iV 6 ‘ *
101 *4 103
101 *4 102 1 0 1 * 4 J ’ ne ’ U
VJ S
102 Hi 102 Hi Ceu K Kob Box G a c o l g os 1037 M-N ......... 102
.....................'l O lt , J ’ l y ’ 10
102 J ’l y ’ 1 . . . . 102 103
U 3
lo
u
t
01
N
J
g
e
u
’
l
g
o
ld
58.1037
116
>
4
11 4"ft
114 :«S 115 114'V, J ’ l y ’ io
J -J 120 1 2 L 1 2 0 -ft i a i V 27 120 125*3
U 3
114 V, 1164,
K e g is te r e d ................... a l0 8 7
114 Hi 115 V, 1 1 4 5, J’ ly ’ 10
121
12L
......... 122
1 120*4 125
U8
A m D ock da Im p gu o s . . 1021
lU0*blUl 101 Alal’OO
......... 110 Hi 107 J ’ ne’ lO . . . . 107 lUSHa
U3
Be db liu d it gen g u g 5s 1020 j - j
9 8 * g .........
Leh db W ilks B Coal 5 s . . 1012 M-N 100 ......... l o o *5 J ’ ly ’ in . .. J l o o Hi 101*4
F o r e ig n llo v e r iim c n l
Con e x t guar 4 His___ y l ’J l o Q-M
0G5s
90*8 12 054, 97
100 Alay’ 10 ...J iO O
100*4
A r g en tin e— Internal 5s o f 1000 M-8 1 00s* Sale
N Y db B on g B r gen g 4s 1041 M-S
Im perial Jap an ese G o v e r n m i
05
94*4 9*1 H. Cent P aou ic bee So P a eillc Co
94*8
S terlin g man 4 His........... 1025 F A | 94*8 Sale
C
en
t
V
e
rm
o
n
t
1st
g
u
g
4s
.«1
0
2
0
03
7$
05
7g
94
>
s
9
4
H
i
)
93
7
s
04
H
i
85*s
J
’no’
lL
Q
-F
85*4 90
85
87
20 sorios 4His..................1025 J J
8 0 78
sale
88*8 02 Hi Chas db s a v bee A t l C oast B ine
80*8
Sterling loan 4 s .............. 1031 J J i
Clies da O luo gold Os......... a l o l l A-O 100*4 . . .
102 *8 '02ift
2 101 Hi 104
100*6 J ’l y ’ 10 . . . . 1 0 0 *ft 1 0 1 * 4
R o p u lio l C uba 5s exten d e b t.. 11-S I lo o Hi 102
G
en
lu
u
d
iu
g
da
im
p
t
5s.
I
0
2
0
J
’l
y
'10
06
.
1195
0
7
'4
J -J ......... 102*3 1 0 2 J ’ l y ’ 10 . . . . 1102 105*3
J
San LJaulo(B razili t r u s t5 s 1010
1st co n so i g o s ......... . .. .. 1 0 3 0 M-N 111 S aa 1 1 1
____. 97*4
1)7 J ’iy ’ 10
. ; 0b34 0 p 34
n l
17 1 1 U3, 1 14 * 4
II 3 oi .M exico s i g os oi 1800 - j t 90*J
K e g iste re d ....................... 1030 M-N
3 | 04V, 0 7 S
94*s 9 0 hi| 94 Hi
04 Hi
1 1 2 Hi J a n ’ l a
112*3 112*3
G old 4s OI 1004..................1054
G
eneral
gold
4
His.............
1002
hese
a
re
p
r
Ices
o
n
the
b
asis
of
$5
to
H.
M-S 100 10U34 100 Hi lOdHi
\T
l 1 90
iu 3*3
K e giste re d .......................1002 M-S --------102*4 t o i'f t J ’n o ’ lo . . . . 1 0 l 78 1 U1 7s
S t in e a n d C ity S e c u r it ie s
C o n v e rtib le 4*as (w ills ) . 1030 F-A
100 V, Sale 100 >a 1 0 0 l4
100 101 %
89 Hi San.
80
n ot, 3 70 | 80
N V C ity—4 ^ 8 r e e fs ......... 1000
05*4
Big
.'a
llo
y
i
s
l
4
»
..............
1044
07
Sale
83
89
07
03
J-U
07 100*s
80 A p r ’ lb
87
89
4% C orporate S to c k ........Iu50 iVI.N
07 Sale
c o a l itiv K y 1st g u 4s ..1 0 4 5 J-U
82
87
07 100 Hi
07
08
85 *8 J ’ n e ’ ib
41’,, C orporate o t o c k -----1058 M-N
83
86 *s
lo
o
Sale
Craig
Valley
i
s
l
g
o
s
.
...1
0
4
0
103
105
>
8
10534
J
-J
110
.d
u
j’
O
O
1
0
5
'b
1007e
U-N
N e w 4 His............................ 1057
lo
3
........
82
P o tts C reek B r 1st 4 s . . 1040 J - J
00
1 0 2 34 J ’ l y ’ io . . . J ll0 2 34 103 Hi
00
J a n ’ 00
N e w 4 His........................... I ' l l M-N
K da A UIV IstCOU g 4 S ..1080 J-J
94
05
00*3 0 5
2 96
99
4H»% C orporate S tock ..1 0 5 7 M-N 1054, »alb lUO*^ 100*4 78 105*8 WO
83
2d consul g 4 s ................. 1080 J-J
0 0 *3 J ’ n e ’ lO
4 Hi'lo assessm t b o n d s .... 1017 M-N 103 ........ 1 0 2 34 J ’ly 10 . . . 102*8 104
kUHi 93
97 Sale
W arm Spr Vai 1st g 5 s ..1041 M-S
20. 0 7 100
07
08
113*4 i*eb’ 05
4% C orporate 8 t o o k ....l 0 5 7 M-N
113*8 J ’ n c’OO
93
G reen b rier K y l a l g u g 4s ’ 40 M-N
OlHi Alar’ lu
91
IHHi
N Y sta te — H igh w ay 4 s .. 105b M-S
U3Hi J ’l y '10
Sale
70
7u
itfa si ib’3H, Clue da A lt K K re i g 3 s ...1 0 4 0 A-O
J ......... 104
70
77
8o C arolina 4 *a» 2U-40.........1035
Sale
09
70
R a ilw a y 1st lien 3H is...l00U J -J
0 4 0 0
T en u new setiiem eu t 3S..1013 J .J
95 Hi 96*4 06 •> J ’l y ’ i o
0834 75
75 O ct ’ 00
0 0 'ft ou 78
K e g iste re d ....................... lo o u J -J
0 0 'a Jan '10
V irgin ia fund dent 2 - 3 s ...l0 0 i J -J
C h ic liurldb <4 — D cn v D 4s 1022 F-A
13 40
39
40
60
40
40
9 3 * 4 ......... 09 J ’l y ’ lu
OS’ s 1 0 0
Os d eferred U rowu Bros otts.
Illin o is JL)lv3His................1040 J -J
o7 **»
80*3 87*2 87
8 OH1 8 J *3
K e g iste re d .......................1040 J -J ......... 88
91*4 U eo’ b 8
K u ilr o a o
Ills
U
iv
4
s
.........................
1040
OS’ s 00
09 *s sale
J -J
98*3 100®»
luoainu C ent s e e Mo liy
Io w a U iv sin k lund 5 s ..l o l O A-O 104 *3......... 108 Hi O ct ’ 00
laba M idi bee A t Coast Bine
B u lking lu u d 4 s ..............1010 A-O
98 1 0 1 ’6 0 9 -j J ’n e’ lO
98*3 100
A lban y db Suso bee Uei db Huu
N ebraska itx te n sio n 4 s . 1027 M-N
97*3 9 9 Hi 0 8 J ’l y ’ lu
A liegiieu y Valley see Penn Klt
98 100*4
K e g iste re d ....................... 1027 M-N
101 *ft AlcU’bU
A lle g db VVosl bee Bull U & 1
S
ou
th
w
estern
U
iv
4
s
.
...1
0
2
1
75
M-S
.........
00
07*4
Aiay’
iO
74
83
H
i
76
76 Hi 75
Ann A r b o r 1st g 4 s ......... /il0 0 5 y -J
97*3 99
J o in t bonds bee G rea t N orth
0 7 34 Sale
98
A toh T Jfc 3 b e—G en g 4 s . 1005 A-O
07 °»
07*8 101
U ooeu tu re 6 s..................... 1013 M-N lOOHi Sale 100*3 100*3
97 ........
08 1 0 0
K egistered .......................... 1005 A-O
08 J ’ ne’ lO
8 100*3 102 *»
G en eral 4 s ....................... 1058 M -S
98 sale
89
94*4 00 Hi J ’l y ’ 10
0 7 's oa
42 97 100
88
«5
A d ju stm en t g 4 s ........... /ilOOu Nov
H an ea St-J os co n so i Os.. 1011 M-S l o o ' s ......... 10 0 *4 J ’ly 10
02
02
1UU34 102
K e g is te r e d ................... /il0 0 5 Nov
02 J u n ’ 10
81
82
82 J ’l y ’ i o
80
04*, Chic da B 111 ret da u n p g 4s 1055 J - J
00
81
8 6 *«
3 t a m p e d . . . . . . . . . . . . . . / t l 0 0 5 M-N
8 0 ’ a 00"8
1st con sol g Os................... 1034 A -O 120*8 137*8 1 2 1 J ly io
113 Hi 117
121 127
C on v 4s issu o of 1 0 0 0 ...1 0 5 5 J-U
U3H> A p r ’ 10
G eneral co n so l 1st 6 s . . . . 1037 M-N 107 H.......... I03*y J ’iy ’ l o
100 12276
lu 8 *e 113
Con v * 4 s ............................ 1055 J-U 104 Hi 105 lU3*t 104 Hi
K e giste re d ....................... 1037 M-N
114 i i » , ’ l)2
08 1 0 4 ‘4
00 Hi........
C on v 4s (fu ll ptl r c c t s ) .. lUOO J -D
08
Clue db ln d U K y i s l 6 s . 1030 J-J *100*3.
112
M a r 'lo . . . '1 1 2 “ 1 Y 2 ”
1u434 122*8
10-your con v g 5 s ......... I u l7 J -l) 107 sale loOHi 107
08 78 J a u ’ 10
08 7a 0 8 7» C h icago db E rie b ee E rie
U eoen iu res 4s S e n e s J .1 0 1 2 F-A
12 0
J ’ n e’ lO . . . . 1 2 0 1 2 &Hl
S e n e s K . . . . . ......... ..... 1 0 1 3 F-A
08 Hi b e b ’ 10
08 Hi O8 -1 Clue i n db B ou isv re i Os...1 0 4 7 J -d ♦122
114 D e o 'u o
U etu ndlug gold 6 s........... 1047 J -J 106
02 ...
07
97 '4
07 A p r ’ 10
E ast O kla l)iv 1st g 4 s ..1028 M-S
10 0
J ’ no iu . . . 100 100*4
B ou isv N A db Ch 1st O s.iO lb J -J
92 Hi 0'1s«
S h ort Buie 1st 4s g ......... 105b J -J ......... 0 2 34 02 Hi J ’l y ’ i o
89
93 hi 04 A p r 'i u ...J| 03*3 04
107 Hi 100 *a Clue l n d db S ou 60-yr 4 s ..10 6 0 J - J
3 e e t’ 1'08 db I’ ll 1st g 58.1042 M-S ......... l o o
107 Hi J ’ly 1 0
I 0 8 H1 103 J n e ’ lb . . . 103 103*3
C n ie d iu da s t P term g 6s 1014 J -J 1 0 1
A tl K n o x »S> N bee B db N
Oa-'b 44 98 lUOHi
98*4 98 Hi 08*.
93
G eneral g 4s series A ..e l0 8 0 J -J
0 3 'ft
9338 93
92 Hi 0 0 7s
A tla n tic Coast 1st v 4s./iU *6 11-S
103 *3 O ct '0 8
K e g iste re d .....................siObO
100 S e p '0 0
A la 51 id 1st gu gold 6s ..1 0 2 8 M-N 105
80*4 J ’l y ’ io
80*4 87
85*8 89
UOV, J ’ne’ OO
90 ........
G eneral g 3 His series B.bliidO
B runs as VV 1st gu g 4s . . 103b J-J
9 1 * 4 sa le
01 Hi
01*4 31 91*3 9 3 34
2 5 -y r d o o e n 4s ................. 1034 j - j
Charles Jo 3 a v 1st g 7 s ..1030 J-J 128 ........
lo 7 *4 108
CI110 da B S u U iv g o s ___ 1021 j - j I 0 6 * 9 ......... 107*4 M a r i o
00 Salt
80
05 Hi
80 Hi
9 0 's
h Os N coll g 4 s ............... olUS2 M-N
110*4
C h ic da M o K iv U iv 6 a ...1 0 2 0 j - j 100 Hi....... 107 j n o 'lu . .J 107
8av F db VV 1st gold Os.. 1034 A-O UO 12 J 127 J ’ no’Un
106 »S 107*4 lu b *3 J ’ i y ’ 10 . . . lb O *8 108*4
ClllOdb P W l s t g 5a........1021 j . j
M ar ’ 1 0
112
11a
1st gold 6 s .......................1031 A-O 107 ........ 1 1 2
Uak db G t So g 6 s ..............1010 j - j 102 *3......... lt ) 2 "ft J ’l y ’ i o . . . 1U2*3 lO S ^
06
05
06
07 ‘a
Sll 3 p Uca db G g u g 4s ..101 b J -J
b ar db Sou assn g Os........1024 j . j 110*4......... 110*4 M ay’ l o . . . Hit)*, 1 1 0 * 4
A tla n tic db liu n v bee Soutli Ky
BaCrosse db U 1st 6 s ....1 0 1 0 j . j 104*8 100 lUo J 'n e ’ i o ...'1 0 6 * 4 100
A ustin db N VV 3 JJ 3 0 U Paciiic
00*4 01*3 90
l o o Aiay’ iu ... 100 100>s
004.
M in eral P oin t U iv 6 s___ 1010 j - j
90
9 2 7ft
aitdb O h io p r io r lg 3 * a s .1926 J -J
1UU K e v 'o o
So M 11111 U iv 1st Os......... 1010 j . j
91V, O ct ’ 00
K e g l s l o r e i l . .. .. .. .. . /l l 9 2 5 *W
l o a H i J 'iy ’ io
9 8 * 4 Salt
VVis da iM in u U lv g o s ___ 1021 j . j l o 5 ‘a
106 *3 108
OOHi
98
97*4 1 0 0 '4
G old 4 S ............................../il0 4 b A-O
1 0 U“b Alay ’ 1 0
l o o *4 IU0 <%
Alii db NO 1st M B O S ....1 0 1 0 J-U
97*4 0U34 J ’ly ’ lo
00
0 0 ’t
K e g is te r e d ................... 7ii94s y - J
1st co n so l Os................... 1013 J-U 104 * « ........ 105 Aiay’ lu
104*4 105*3
120 G et *01
P itts J uuo 1st gold O s... 1022 J -J 111*3
111 J 'l y 'l u
M ar 10
1 1 0 7s 113
87*4
8 0 'a 80*8 C h ic db N o rth w co n s 7 s ___ 1016 Hl-F 109 113
P J u n d b M D iv 1st g 3 *asl926 M-N
89
98 ........ 1 0 0 J ’n e lo
80
03
E x te n sio n 4 s ......... 1880-1020 b'-A
80 Hi
90 Hi 101
89*s
p B Edb VV V a S y s r e r 4 sl041 M-N
89 Sale
04 ........
Oo *« a iy ' 1 0
95*4 95 *s
K e g iste re d ........... 1880-1020 b’ -A
8 0 '4
80
01
80
Southw D iv 1st g3H i8...1 926 J -J
8 8*4 Sale
81 7ft
a s -4 23 87
G eneral g olu 3 His............. 1087 M-N
89\
80 Hi OO Hi
U o g is ie r o d ................... /(1025 t^-J
......... 8 0 ' A p r ’ l
03 *s A pi ’00
K e g is te r e d ...................p l0 8 7 y -P
1U3 103
06*4
Oen d u o K 1st e g 4 H is ..l0 3 u 11-S
103 M a r ’ 1 0
110*8 M ay 1 0 . . . . U O *8 UlSft
-uay'10
S in k in g luud O s...1870-1020 A-O 110
110 Hi H 3 Hi
112
Cl nor db VV con 1st g 5s 1033 A-O
..
K e giste re d ........... 1870-1020 V-O 107*
b’e b ’ dV
1 1 1 *4 uv’ uo
M onon lriv 1st gu g 5 s ..1010 F-A io i* a
l)e o ’ 0 0
S in k in g lund 6 s ...18 7 0 -1 0 2 0 A-O 103 lUbHi l o o J ’l y 'l u . . . 105
I09*a
Ohio K lvor HH 1st g 5 s .1030 J -l) 1U2 *4 .........
K e g iste re d ........... 1870-1020 A-O 105 1U0'>8 100 Auu-'iu . . . lbO 106
110*4 112 JSov’00
G eneral gold 5 s ............. 1037 A-O
D eben tu re 6 s ..................... 1 0 2 1 A-O 105 107 Hi 107 M a y 10 . . . 105 107
P ills GlOV db'i'Ol l s t g Os 1022 A-O 1U9 ‘a
liOHi ,Mai’04
lte g is io r e d .......................1 0 2 1 A-O 1U5 ..........lOtlH) i -e o ’ io ,...lilu9H) 106*a
P itts db W est 1st g 4 s . ..1 0 1 7 J -J ♦98
ObHi Sep ’00
l o o Nov’O
S in k in g lu n d d eb 6a........1033 M-N 108*3 100 110 May’ 10 ___1:109*3 111*3
Stat is l Ky 1st g u g 4 *as 1043 J -l)
K e g iste re d .......................1033 M-N H 8 110*8 100 j i y
Beecn c r e e k bee N 1' C da n
Alll B S da W est 1st g Os 1021 M-S 11 4 ^ j......... 1 i 4*4 J ’l y ’ 10 ;:::* u i4 * s 1 1 7 * 4
B ellov db Car bee Illin ois Com
......... 1 1 2 * 4 M ar’ lu
...I 112*4 112*4
E x t db im p s lu u d g 5s 1020 F-A l o o
Bklyn Jb W outauk bee lain g 1
A sh lan d U iv 1st g Os..1025 M-S l l 7 * « . . . . . . 142 Hi b t b ’u2
B run s db VVosl bee A tl Coast L
117*6......... 123*8 A p r ’Oo
M ich U iv l s t g Ob......... 1024 J .J
Buitalo N Y db K n o bee Erie
UOH, j ’l y ’ 10 . . . J 1 13 7ft 110 'a
I n c o m e s .......................... 1 0 1 1 M-N 100 Hi......... 103 Hi .uuy’ uo
Butlalo K db P gen g 6 s ...103 7 11-S 107 113
J iy’io
loo
Ohio H ock Is l db P a c O s... 1017 J -J lUOHi l i l ’ft 1 1 0 * 3 A pr ’ 10 ....I 110*3 112
C on sol 4 His........................ 1067 M-N 1U3 109
93 *3
00 J ’l y ’ i o
113 Hi A u g ’ uo
00
00*8
K e g iste re d .......................1017 J -J 1U0*4 H I
AH db W est l s t g 4s gU..10Ub A-O
05 sa le
103 J ’l y ’ 08'.
04 Hi
0 5 *s ‘ lO 94*3 99
G eneral gold 4 s ................. 1088 J-J
Cl db Mali 1st gu g 5 s ....1 0 4 3 J-J 108
115 J ’n e i o 1. . . 116 117
06
06 *4 03*4 F e b 'i o
98*4 93*4
K e g iste re d .......................1088 J-J
Koch & P itts 1st g O s... 1021 F-A 114 118
1 1 0 34 1 1 0 '4 A p r ’ 1 0 J.. . . 1 1 0 '4 1 1 0
8 8 ‘4 Sale
87
8 8 *g
80
92
K etu m liu g g 4 s ................1034 A-O
C on sol 1st g Os.............. 1022 J -D
72 Alar’ 1o'__ 'I 7 2
07 J ’l y ’ 04
Cou tru st S eries 11 4s ..l O l u M-N
Bull db Suso 1st ret g 4s.d l9 6 1 J -J
07*« J ’l y ’ io
97*» 97*«
J 4 s ................................... 1 0 I 2 M-N
B u r C li db N bee C It 1 db P
04 Hi JUU '10
94Hi 9 4 * 3
M *»s................................... 1016 M-N
mn 3 o 1st e x t O s .............. 1013 J-J 1 0 3 '« Sale 1102Hi 1031ft! 8 102 Hi 105*6
94 U eo '00
N 4 s ....................................1010 M-N
'2d 6 s ................................... 1015 ■VI-3 100 100*4 1007ft J ’l y '10 . . . . louas 101*4
"
04*4 M ay’ lO
94V, 94*a
O 4 s .................................... 1017 M-N
iteg ia iorod ....................... 1 0 1 3 m-S .....................10U*4 M ay’07
03 ‘a A u g ’ uO
P 4 8 ................................... 1018 M-N
Garb db Shawn Nee lit c e n t
72 Sale
Chio It 1 db Pao U K 4 s ..2002 M-N
70*4
72 557 0 6 7a 8 3 7a
Carolina C ent Nee S cab A ir 1,
K e g is te re d ......................2002 Al N
70*4 ila y ’ 10 . . . . 79*4 80 ’6
CarlliUgeJh A d bee A V c eb 11
Bur C K db N — l s t g 68.1031 A-O Ib9*4ll4*4 113HiJiai’ lo . . . . 118 Hi 114 *3
Ceil K la b db N bee B C K db IS
K e g iste re d ................... 1034 A-O ..................... 120*3 M ar’ 03
Ceu Branch Ky bee -Mo Pao
N o v ’ U5
OK l b ’ db N VV 1st gu 58.1021 A-O 103 ..........I l l
112*3
.. 11 2 'a 1 1 3 Hi
Cent ol Git H it 1st g 0s..pl>J4 b'-A ♦113
3 103*4 100
M db S t B 1st g u g 7 s ..1027 J-U
M-N 105 105 «» 101*4 104*4
Kegistered.................. 194, M-N
Choo O k da G ge n g os .oiO lO J -J <........ 103 104 Jlay’ lO . . . . 104 104
108 113 A p r ’ 00
'
20
C on sol g o ld o s ................1002 M-N 1 0 2
110
IO8 H1 1U8 M a r ’ 1 0 . . . . 1 0 8
Get
86
89*4 85
Stamped ..............................
8 (j
98*8....... 101 bdU’ iO . . . . 103*8 104
K e o k db U ts Al 1st O S ....102 3 A-O
85 A p r ’ 1 0 . . . .
2u ptol income g 6 s ....p l9 4 Oct
•8t J ’ ue’ l o . . . .
84*4 Jhio a t b db N U bee 1U C ent
78
2d p cl income g 5s stamped
83*4 Jiuo S t B db P itts bee t’en u C o
79 A p r ’ 10 . . . .
78
♦7*2
3d pi el income g 6 s ....p ip i. ‘Jet
77 | 3
h u e s t P Ai db u eon O s...1 0 3 0 J-D| 123*3 127*3 124Hi J ’ l y '10 ___1123 127*4
79
80
77
3d prof income g 6a stamped. •••• <79
81 M ay ’ 1 0 . . . .
C ons Os redu ced to 3Hi8.1030 J . l ) 1 85 ......... 93 U e o ’ 03
81
79
I', !\ t io v r t MIHCII
2a con sol registered . U193U
2s con sol c o u p o n .... i(l93U
Os r e g is t e r e d ............. / c i o i s
3s c o u p o n .................... /cl918
3s oou sm all b on d s.. /clOlH
4s reg istered ............. ..102 ;.
4s c o u p o n ................... ..1025
P an Can 10-30 y r 2s. /d 0 3 0
Jiia
AsIc Low
?:i
1.... 00
A
00
98
ti
B
106
....1
100
C
8888
82
lU lH C E lih A N K O IJ S
.•Street N nil w a y
B rook lyn Bap T r g 5 s ........1946
l s i refu nd con v g 4 s . . . . 2 0 0 .
B k v, 1iy 1st cou 6 s . 191 9.1941
Bk
■ odb S cou gu g 68.1941
B k lyn Uu El l s t g 4 -6 s .l9 5 o
S tam ped guar 4 -6 8 ....I 9 6 0
K in us Co Kl l s t g 4 s ___ 1919
S t;.input guar 4 s ......... 1949
Nas3..ii I'.iec gu g 4 s . ...1 9 5 1
Conn d.yiVs B 1st & ref g 4 His ’ •) i
Stam ned cu n r 4 *-js......... 1951
Del *. lin ed 1st con g 4 *38.1932
H tu
I'.leo con sol g Os. 1952
In n
t coll 4 His............. I960
lu t .
o l 13-yc c o n v Os. 1911
4............. 5s Series A ......... 1952
In te l ..It r is e coll U 4 s .. 1949
M am , 1 i.le c l a t * coll 6 s . 1953
*N ’o pr.co Friday, latest this week.
B O N D S —C o n tin u e d 011 N e x t P a g e .
S tre e t R a ilw a y
1 102
1 0 4 7e M et S t Ky ge n col tr g 6 s . 1997
lte
f
g
4 s ...............................2002
73
7 9 *4 87
81*3
82
BwayJb 7th A v l s t o g o s 1943
101 Hi J ’l y ’ 10
101*4 104
99 Hi Mur’09
Col db 9111 A v 1st gU g 6 s . 1993
B e x A v d b P b' 1 st g u g 5s 1993
11 99 10 0
99
100
T h in l A v e UK con g u 4 s 2 0 0 0
99 7S
9U*f
3 99*8 103
C e u t T r Co ce rtfs stm p d ...
84*4 A p r ’ IU
84
83
T h ird A v e K y 1st g 6 s ..1937
80
80
86*4
2 80
82
N O rl Ky db Bt ge n 4 * 3 3 ..1 9 3 o
7 0 7b
79*,
70
102 *e M ar’ l l
--t P aul C ity Cal) cou g 68.1937
100 H. J ’ n e’ lO
100*3 102
80 J ’l y '10
82»b T ri-C ity lty So lit 1st 8 f 68.1923
80
94 A p r ’ 10
83*4
4 ' i s ......................... .............
77*3
78*4 300 77
100*4 1CO Si
100*4 104
In co m e Os...........................1948
11)0
101)3,
100 103 *, U uiou El (C h ic) 1st g 6 s .. 1946
07 *e M a r’ lo
07 *8 07 'a U nited K ys St L 1st g 48.1934
98 M ay’ 06
U nited l il t s San F r s f 4 s . 1927
10»
IlFlat. a D u o J a n
102
d Dus Apr
dD ueM ay
p D u e ,1’ne
/tDue j ’ly
F-A
A-O
J -D
M-S
M-S
J-J
73*4
...
97
90
96
80
......
99*4
100
98H,
.... ......
70 J ’l y ” 0
75
82*4
46 J ’ ly ’ l i
46
54
98 Hi J ’ no 1(: . . . . 98*3 102
96 J ’ ly 10
96 102
97 A p r ’ 10
96*3 99
63 J ’j y 'l i
63
69*3
63 ^
oOS. 2 8 50*a 68*8
IU6 H1 J ’l y ’ lu
105*3 1 0 8 7(
87
M ui‘ 11 . . . . 87
87
J -J
J -J
65
00
lu o ^ io ts
......... 85
J-J
A-O
103*8 108% 107*8 D e c ’ U9
U5*4 N7
97 J ’ne’ lO
j -j
AO
j -j
A-O
kD u e A u g
90
83 4 84H
37 ^ Saic
83*3
36
79
80
00*4 Sale
79*3 J ’ l y ’ 1'.
6 0 's
66*4 " t
oD aoO ot
85
374
p D u e iio v
54
6b
99
83
80
31*3 40
79*3 83
05
74
s O p tio n Sal#
334
BONDS
IT. Y . ST O C K E X C H A N G E
W eek E ndino A u gu st 5
New S'ork Bond Bocord—
-C o n tin u e d -- -P a g e
P r ic e
F riday
A u g u st 5
Weekt*
R ange or
Last Sale
R ange
Since
J a n u a ry
1
Hid
A s A Lout
H ly/i
Ohio S t P M * O—( V on )
Low Hluh
123 J ’l y ’ 10
Oh S t P * M inn I s tg U s 1918 M-N 122
123 127
129 °a M ay’ 99
N o r W isconsin 1st 6 s ...1 9 3 0 J -J 122
St P A S C ity 1st g Os__ 1010 A-O 111 *3 112 *3 1113^ 1113*
11 l»4 1143,
108 Wj 11‘2
108 Wj J ’ l y ’ l o
108*3112
C h i c * W est i n d g e n g 6 s(? 1 0 3 2
89 Wj
88
89 *3 80
88
03 Wj
C on sol 50-year 4 s ............ 1952
C h ic * W M id i s e e P ere M arq
C hoc 0 & G ulf See C H l & P
113 O ct ’00
Cln li * U 2d srolil 4 4 s . . .1937
100 103 Hi 101 J ’ ly 10
10 1
108
Oin D * 1 1st b u b 5 s ...1 9 4 1
C F ind & F t W 1st gu 4s ir.’ 23
8 7 14 Jan ’ 10
......... 85
87
87*
Oin i & W 1st bu b 4 s . 1953
107 M a r’ 10
......... 102
105 107
Ind D e c * W 1st g 5 s . . .1935
107 *2 D eo '02
1st guar gold 5 s ............ 1935
0 I St L * C See O C O * St L
Cin S * c See O C C St 1,
Oleartield A M ali See B P. * P
P2\
923.1 923a
90*3 90 Wj
C lev C m C * .‘-t L sren a 4s 1993
94** 94*3 A u g ’99
C airo D lv 1st c o ld 4 s . . . . 1939
90
J
’
ly
*10
90
94 *3
Cin W * M D iv i s t i r 4 s . 1 9 9 1
91*4
J
’n
o’
10
88
91*3
91*4 9 6 a,
8 t L D iv 1st col tr x 4 s ..1 9 9 9
91 Oct '97
R eg istered ....................... 1990
1U0*» 90 D ec ’99
Syr * Col D iv 1st g 4 s .. 1940
99 M ay’ 10
90
90
W W Vai Div 1st g 4 s . . . 1940
104 w,........ 105*4 F e b ’ l
105*4 105*4
C 1 St i .& C con sol O s..1 9 2 0
92
*a
.
.
.
.
.
97 J 'iio ’ 1
97
98*3
1st gold 4 s .................... lei930
92*3
90
98 F eb TO
98
98
R e g is t e r e d ................/cl9 3 6
193 ........ 109 *, s e p ’ 99
Cin S * Cl con 1st g 5s. .1928
1w6 ........ l o o t , D e o ’ 00
0 0 C * 1 c o n s o l7 s ..........1914
C on solsin k I u n d 7 s ....l9 1 4
119 124
125 N ot ’OU
G eneral con sol gold Os. 1934
R eg istered ....................1934
94 J ’ l y ’08
inu ill * W 1st yret 4 s . 1949
O Ind & W 1st yl 6 s . ..(<1938
88
93
J ’ l y ’ 10
94 *3
P eo * East 1st con 4 s . ..1 9 4 9
60
63
J ’ l y ’ lo
67
In com e 4 s .........................1999
C lev * M arietta See P en n K it
C lev * P itts s e e Penn Co
6 6 " , 76V, 69
69
06
81a,
Col M idland 1st g 4 s ......... 1947 J J
93 Sale
93
94 w,
93
97 '1
Colorado * S ou 1st g 4 s . ..1 9 2 9 F A
93 Sale
94*,
9u
94*3 99
K elurnl & e x t 4 Wjs..........1935 M-N
111*3114
F t W * D en C 1st g Os..1921 J-D ......... 110 *» 111*3 J ’ no'10
Colum * u r e e u v See s o Ky
Col * H o e s Vai See llo c k Vai
Col * T o l See H o ck Vftl
Col Conn * T erm See N A W
C o n n * Pas Ki vs 1st g 4s. 1943 A -O
100 M ay’ 10
100 100
C uba UK 1st 69-yr 5 g . . . . ! 9 5 2 J - J
a k & U t S o s e e C M * St P
alias * W aco See M K * X
D el Hack * W estern —
109 «, J ’ ne’ 10
10 9 5 , n i* 4
M o r r i s * E ssex l s t 7 s . . . 1914 M-N 109 > 9 ...
112 114*,
1st con sol gu ar 7 s ........1915 J-D l U \ 1 1 2 * s 112 J ’ n e’ 10
127 J ’ n e ’05
K eg is ie r e d ................... 1915 J-D
8
5
3
4
.
.
.
.
04
Sep
’
oj
1st ref g u g 3 Was........... 2999 J-D
115 J ’l y ’ 10
N Y Hack & W 1st O s...1921 J -J
113 117
107*, J ’l y ’ 10
C on stru ction 5 s ........... 1923 F-A 107 108
1 0 7 * 4 lio w j
90*4 98*4 98 J ’l y ’ l o
97a* 101
T erm * im p r o v e 4 s ....l 9 2 3 M-N
102 *6 F e u ’ 03
W arren 1st ref g u g 3 *39.2000 F-A
i ’i o " iV o *,
D el * H ud 1st Pa D lv 7 s . 1917 il-S 1 18*3 120 120 M ar’ l o
149 A u g’ Ol
K ogistered ....................... 1917 M -S
9 0 ) , 97
97
9 7 -4 2 2 o o s i i o j
1 0 -y r c o n v deb 4s........... 1910 J-D
100 J ’ ly iu
100 103
1st lien equip g 4WjS___ 1922 J -J 100 101
98
98 *g 98*4
90** 100 Wj
9 8 *4
1st & ref 4 s .........................1913 M-N
91
9 134 91 w»
91*4
Ul
07*3
A l b * S u s c o n v 3*ss........1940 A-O
123*4 130*4
K eus & Saratoga 1st 7 s . 1921 M-N 121 12434 123*4 J ’n e ’ l o
D e l K lv K K b r id g e See Pa UK
9234 Sals
92*4
94
11 0 2 ’*, 9734
D e n v & K Ur 1st oou g 4 s .1930 J-J
1033* 104*3
C on sol gold 4*38................1930 J-J ......... 104*3 104 *» M ar’ 10
96 101
100 106
101
lo l
Im p rovem en t gold 6 s ...1 9 2 8 J-I)
9 0 a« 91
003,
91
90**, 94*3
1st * relu n d in g 5 s ......... 1965 F-A
98 F e b ’ Ob
B io G r J uno 1st gu g 6s . 1939 J
78 D e o ’ 09
79
B io g r So 1st gold 4 s ....1 9 4 0 J -J
85 M ar ’ 0 8
G uaran teed..................... 1949 J - J
80
89
89
94*3
B io G r W est 1st g 4 s ___ 1939 J - J
83 'a
83*3 83*4
84*4
M g e and col trust 4S A .1 949 A-O
97 J a n '02
U tah C ent i s t g u g 4s a l9 1 7 A-O
D e s M o i A F t u 6 'e s M A s t i .
110 S e p ’ 04
D es M ol Un B y 1st g 6 s ..1917 M-N
94 ........
05 A p r ’ l o
97
D ot * M ack 1st lien g 4 s . 1995 J-D
99
92
89 J ’ l y ’ 1 0
91
G old 4 s.................................. 1996 J-D
74
F eO 'lO
....... 74
74
D ot So— 0 S DIV 1st « 4 s . 1941 M-S
106 H i
D a l * Iron B a u g e l s t 6 s . .l 9 3 7 A-O *106 Wj....... 1 0 6 w, J ’ly 'l o
106 *, Aior’ ue
B eg istered ...........................1937 A-O
2d Os..................................... 1910 J-J
D a l S h ort L in e See N o r Pao
106*3 107*4
D u l So S hore * A H g o s . .1937 J-J 100*3 108*4 l o a V ’i y ’ i o
a a t o t M in u 6 'e e S l P M A M
a a t T e n V a & G a See S o Ky
113 D e o '09
E lgin J o l * E ast 1st g 6 s . 1941 M-N 1 0 7 4 1 1 0
Elm C ori * N o See Leh & N Y
E r io 1st con sol gold 7 e . . . .1929 M-S 1173i 123*3 119 J ’l y ’ 10 . . . 118*4 122*4
00 Wj___
100 J ’ ue’ lu ...i 100 lo o
N Y & E rie 1st e x t g 4s 1947 M-N
10 6
1 0 0 J4 M ar’ l o
l0 0 :,4 lOO7,
2d e x t gold 6 s................. 1919 M -S l o l
103 1U3 S
98 ____ 103 A iai’ 10
3d e x t gold 4 *3S..............1923 M-S
100*4 Jau ’ lu
100*4 100*4
4th e x t gold 6 s ................192U A-O 1 0 1 * ,___
9034 9Ua4
0 0 34 F e b ’ lu
5th e x t gold 4 s ................192s J -D
N Y L K A W l s t g fd 7 s. 1929 M -S ......... 1 2 0 34 124 A u g ’ 09
8 o a4 87*4
80»4 81*4 B l
81
E rie 1st con g 4s p r io r ..1990 J-J
81 N o v ’ 00
K e g is ie re d ................... 1990 J-J
67
67
70 7»
07*,
«8
68
1st con sol gen lien g 4sl9U 0 J-J
70
83 s. F e b ’07
K eglstered................... 1990 J-J
83*3 80*4
80*4 86 J ’l y ’ 10
P en n coll tr g 4 s ......... 1951 F-A
64
83
60
eO
07
O
60-year c o n v 4-> A . .. .1 9 6 3
60
60
66
73*s
01
do
S eries 0 .1 9 6 3 A-O
Bull N Y A E rie 1st 7 s ..1910 J - D luU 116 V 1 1 3 ) , M ar’ l o ... ! 1137, 113*,
115
C h i c * Erie 1st gold 6 s .. 1982 M-N H I * , 1 1 2 ), l l l ‘, J ’ly” lO . . . 1 1 0
C lev * M aliou Vai g 6 s .l9 3 S J-J 111*4.......... 1 1 2 1 D e o ’ 08 ...II.
1127 M ar’ lo l
130 127
L on g D ock con sol g Os..1936 A-O 120
114 114
Coal * KK 1st cu r gu Os. 1922 M-N ..........100*, 114 A p r '10!
......... T03W, u c t ’ 09!
D o c k * Im p 1st cu r O s..1913
J lo o
98 106 1103 w, J »n To*
103W, lo 3 Si
N Y * U reeu L gu g 6s.l94i> VI. N
98 1 0 0 *3 ! 99 J ’i y ’ 10
I 99
104*3
N Y Sua * W 1st ret 6 s .l9 3 7 J-J
2d gold 4Wjs..................... 1937 F-A .....................100*4 D e o ’ 06
82
80*3' 8 0 J 'u e ’ 10'
II 89
93
G eneral gold 6 s..............1949 F-A
lOSWjMay'lO
T erm inal 1st gold 6 s ...1 9 4 3 M-N 106
108*3 108*3
K egis $6,000 e a c h ...1 9 4 3 M-N
M id K K o tN J l s t g O s.1919 A-O
......... 100*4 M ar’ 10'.
100*4 101 *,
98w,T01*3 Mar’ 10 .
W l i k * Ea I s t g u g 6 s . 1942 J-D
101 *3 101*3
D
no no
E
LllISjCELljAN EOLIN
O n , nnd E le c t r io L ig h t
A tlan ta G L Co l s t g 5 s ...1947
B k ly n U Gas 1st con g 5 s. 1946
Buttalo Gas 1st g 5 s............ 194',
C olnm bus Gas 1st g 5 s ....1 9 3 2
D etroit City G as g 6 s .......... 192o
D e l G as Co con 1st g 6 s...191fc
E q G L N Y 1st Con g 6 s ..1932
G a s * E lec B erg Co c g o s . 1949
G r B ap G E C o l s t g 6 s . . .1916
H u d son Co G as 1st g o s . . 1949
K an C ity (.Mo) Gas 1st g 6 s 1922
K in g# Co El L * P g 6 3 . . . 1037
P u rchase m oney 6 s.......... xtiv'i
Ed El H Bkn ls t c o n g 4 3 1030
Lao G as L 01 S t L 1st g 5 s . « l 9 l o
K ef and e x t 1st g 6 s ........1934
M ilw au k ee G as L 1st 4 s . . 1*927
N e w a r k Con G a s g o s . . . . 1948
J-D ♦lOO1*
j
M-N ......... 106 W
1
A-O ......... 65** 66®, J ’ n e ’ 10
J -J
10 0
10 1
10 1
A p r ’ lu
J-J
F-A 1 0 0 * , ......... 96®, Sep ’ 08
M- 8 ......... 105*3 101 *s j ’ n e’ 10 . . . .
61 *3 Get ’ 0 1
J-D
F-A * » 8 ” i o f ‘ 1 0 0 O ct ’ 01 *
M-N 101 *3......... 101*3 J ’l y ’ i c
97 M ar’ lo
AO
97
100 J ’ l y ’ 10
, 10 0
AO
A-O 112 113W, 112 J ’l y T n
90 Alar’ lo
J-J
, 90
101
102
O
y -F i o f 102
10 0 W
, 99*3
9 » 3,
A-O
99
M-N
90®* 91 A p r ’ 10
83
J-D
, 108®»
* N o price Friday; latest hid and asked this week.
D u e Jan
BONDS
N . Y . ST O C K E X O H A N O E
W
eek
E n d in o A
u gu st
*S-2
5
E v A Ind l s t c o n gu g 6S ..1926 J -J
rle * Pitts s e e P en n Co
E v a n s * T 11 1st co n s Os. 1921 J - J
1st gen eral gold 5 s......... 1942 A-O
M t V ern on 1st gold O s ..1023 A-O
Bull Co B ranch 1st g o s . 1930 A-O
a’a rg o * S o See Oh M * St P
l i n t * P e re M s e e Pere Mar
Fla O * P en in .See Sea A ir L in e
F ort St U D Co 1st g 4 *3 8 . 1 9 4 1 J-J
Ft W * K io G r 1st g 4 s . .. 1928 J -J
1 *al l ia r * S A
See So Pac Co
' Yal 1 1 * H of 1882 1st 6 3 .1 9 1 3 A-O
G e o r g i a * A la See s e a A L ine
G a C a r * N o r See s e a A Line
G eorgia P a cific s e e So Ky
G ila V G * N or See So Pao Co
G on v * O sw egat See Fi V c e u t
G rand B a p * Ind See Pen 11 KK
G ra y ’ s P t T e rm See St L S W
G t N or—C B * q coll tr 4s 1921 J - J
K e g ls t e r e d .a ..................... 1 0 2 1 Q -J
S t PaiU M * Man 4 s ___ 1933 J - J
1st co n so l gold Os......... 1933 J •J
R e g iste re d .................. 193 3: J - J
R educed to gold 4 * 3 3 1933 J - J
K o giste re d ................1933 J -J
Dakota e x t gold Os___ 1910 M-N
M ont e x t 1st gold 4 s..l9 3 7 | J-U
K e glste re d ................... 1937) J-D
E M in n N o rD lv 1st g 4s 1948 A-O
M inn U m on 1st g Os..1 9 2 2 J -J
M o u tC 1st g u g O s....1 9 3 7 J -J
K e g ls te r e d ...................1937 J -J
1st guar gold o s ........1937- J -J
W ill * S F 1st g o ld 5 s 1938 J-D
G re e n b rie r Ky See d i e s * O
G u lf 3s S 1 1 s t ret * t g 6 s 01952 J -J
an * S t J o See C B & q
o u satom o See U Y N H A H
H o ck Vai ls tco u so lg 4 W jS . 1999 J - J
R e g iste re d .......................... 1 9 9 9 J - J
Col * H V 1st e x t g 4S .. 1948 A-O
Col * T ol 1st ex 4 s ........1955 F -A
llo u s t E * W 'l e x s e e So Pao
H o u s l * T e x Con See So Pao Co
| Uinois C entral 1st g 4 s ..1961
4 R e g is te re d .......................1 9 5 1 _ _
1 st golu 3 * 3 8 .......................1961 J -J
R e g is te re d .......................19 5 1 1J-J
E x ten d ed l s t g J W j,........ 4 9 5 1 A-O
1st gold 3s ste r lin g ......... 1951 M-S
Coll T r u s t gold 4 s........... 1952 A-O
K e glste re d .......................1 9 5 2 A-O
1st r e f 4 s ............................ 1 9 5 5 M-N
L N G & T e x gold 4s ...1 9 5 3 M-N
R e g iste re d .......................1 9 5 9 M-N
C airo B ridge gold 4 s . ...1 9 6 0 J -D
liO u isvD iv& T erm g 3 *33.1968 J -J
M id dle D iv reg o s ........... 1921 F-A
Gmalui D iv 1st g 3 s ........1961 F-A
St L ou is D iv A te rm g3s.l*J61 J - J
R e g iste re d .......................1961 J - J
G old 3 * 3 8 ........................ 1 9 5 1 J - J
K e g lste re d ................... 1961 J -J
S p rin g D iv 1st g 3 *3 8 ...1 9 6 1 J -J
W estern L ines l s t g 4 s ..1951 F-A
B ellev * Car 1st Os........1923 J-D
Carb * Shaw 1st g 4 s ...1 9 3 2 M-S
O hio S t L A N O g 6 s . ..1 9 5 1 J -D
R e g is te re d .......................1951 J-D
GoU13Wjs...................IIIIlDSL J-D
M einph D iv 1st g 4 s . . .1951 J -D '
St L Sou 1st g u g 4 s ....1 9 3 1 M-S
in d B l * W est 8 '« « C C C * S t l . l
In d i l l * l a 1st g 4 s ..........I960 J - J
In t * G reat N o r l s t g 6 s .. 1919 M-N
2d gold 6 s ............................ 1 9 0 9 M-S
T r u s t Co c e r tfs .......................I ------3d gold 4 s ............................ 1921 M-S
Io w a C entral 1 st gold 6 s . . 1938 J-D
G old 4 s ................................. 1951 M-S
c at A * G it s e e L s * Al s
4V an * Alich See T o l * O U
K G Ft S A M . See S t L * S F
K C & M K * B see St L * S F
u a u C & Paoilio s e e M K * T
Kan C ity S ou 1st gold 3 s . . I 9 6 0 A-O
K eglstered .......................... 1 9 5 0 A-O
K e f * irnpt 6 s A p r 1950......... A-O
K en tu ck y c e n t s e e L A N
I
K eok * D es M o s e e U B 1A P
K n o x v ille * O hio See So B y I
ako E r i e * W 1 s t g 6 s . . 1937! J -J
2d gold 6 s ........................ 1941 J - J
N o rth O hio 1st g u g o s .. 1945 A-O
L S h o * M ich S s e e N Y Ceut
Leh Vai N Y 1st gu g 4 *33.1940 J - J
xtegistored.......................... 1940 J - J
L eh igh Vai (P a ; co n s g 4 s.2 0 0 3 M-N
Leu V T e r B y 1st g u g o s . 1941 A -O
B e g is te re d .......................... 1 9 4 1 a -O
Leh V Coal Co I s t g u g 6 s. 1933 J-J
Deli * N Y 1st g u a r g 4 s ..1 9 4 6 M -S
B e g iste re d .......................... 1 9 4 5 M -S
E l C * N 1st pf 6 s . .. .. 1 9 1 4 A-O
G old gu ar 6 s ................... 1914 A-O
Leh * H ud B See C en t of N J
Leh * W iikesb See c e n t e r N J
L eroy * Caney Vai s e e M o P
uiong D o ck s e e E rie
A1931 q - J
A1931 W-J
..1 9 3 8 J-D
..1 9 2 2 M -8
[Y O I*
2
P rice
Friday
A u g u st
5 Ul
105
6
W eek's
R ange or
Last Sale
R ange
Since
J a n u a ry 1
S l y ft
O ct ’09
A s k Low
114
109
98*4
LXXXXL.
Low J iia d
115 D e c ’ 09
OH3, 101 *a J ’ n o’ K)
114 A pi ’05
95 J ’n e’ 08
10 1
10 2*3
i
92
3a) t
85
95*4 100
96*,
92
88*a
86 M at TO
J ’ly ’ 09
97
94 4 97*,
94*4 9 b 7,
9 3 7, 100
125 *, 128**4
Sale 9 4 ^
95 Wj
96*3 95
95
1 0 0 I 9 8 7, J’ ne’ 10
125 *3 ' 125 St J ’ ly TO
....... 132 A p r ’OO
lOo 7,
iU 37,
I 0 8 A1 J ’ n e’ oO
10u®, J ’nu'lO
98
98
100*, G o t ’O0
99a4 Jan ’ 1 0
114 -j F eb ’ J 0
129 F e b ’ 1 0
136*4 **'**’ O0
112 3 110 J ’l y ’ 10
116 J ’ no’ uO
89 Wj 89
lu 3 a4 I07«a
1 0 0 * 3 1 0 1 **,
90
L
93
94
110
A p r ’ IO . . . .
10 0
1 0 0 “,
1 0 0 *3 Sop ’ uo
U5 *3 M ay’ l o
99 *4 u uu '09
17
104 J ’ n e’ 10
107-*, A p i ’ 07
92
92
94 Sep '09
93*3M uy’ oO
80 J 'J y '0 9
09
99
99 J ’ u e’ OO
9 0 '1,
97
96*1, s a l e
9 8 * 4 ......... 97*4 J ’l y ’ *0
......... 97°, 97 Aiay’07
luO A p r '09
87 ** Aiay'10
.......... 90
102 ........ 123 A iui’ 99
7734 M ar’ lu
7 9 * 4 D e o ’ u8
102
94
115
116*3 .
100*4
99**4 99a4
1 .3
114*3
129 129
H
lOO8, Sale
93
87
8 8*3
86
1 1 3 7,
87*»
9 4 7,
99 7, 104
95
95*s
104
10534
" 90" ' 02"
90
10034
Vii“a UO®,
9 ( *4 10U3,
8 1
*, 8 8 * 3
7 Va4 *7*734
89 F e b ’ 1 0
101 *, G et ’90
10 0
Aiov’ OO
05 J ’ l y 'l o
l l 7 *3 Ai»y’ io
99 v e o ’ 10
1 l 4 a4 Muy’ 10
118 Alar’ lu
90 Get ’09
97 *3 Alur’ lu
98 J ’l y ’ ub
88a4
89
Uo
117*3
99
IIP ,
118
98
117*3
99
119
118
91*3 97 wi
95
96 M ay’ 10
88
108**, 1 0 8 * 3 J ’ly TO
110
Alay’ 10
I ..,.. 1 1 0
......... 1 1 0
108*3 103*3
lo * , J ’ n e ’ l o
19*, 25
103 1 0 3 7, 103 J ’ly T o
09*4
69*4
......... 70
95
98
108*3 U 0 34
106a4 112
10ua4 1 12a4
19*, 86
102 lO 0a4
09*4 7 7*3
72*4 72*4J’l y T 0
73
................... I 63 g . 1
9 0 34 100*4 100 J ’ly TO
71*3 74
99*3103
108*, i i o 34 J ’l y ’ i o
lo0*4 106 W
3 M arTU
, ......... iu 9 M ar’ 10
U O ’ , 11
106*3 H
108*3 11
105*3 ......... 10534 J ’no’ 10
......... 105*3 107 A u g 'o o
.......... U0a4 9 7 * 3 A p r'1 0
. 1 1 3 ° , 114 J 'n e ’ lO
. I13a4 109 Wj G et ’ 99
ioU ..........108 N o v ’OO
00
06 I 9334 Alar’ 10
106*4 U
104
96*3 9 7 * 3
1U
115**4
93a4 95
102
100
......... 101 w4 F e b ’ lO
......... 101*4 oep ’ 09
101 Wj l o l l ,
109
110*3
112
96
90
F e b ’ 10
101
lo o
93
96
96 M ay’ 10
100 *, Feb T o
99*4 G e t ’ 06
93 w, aiur’ ioi
104 Wj D e c’Oa'
112
96
U7a4
1 0 0 ‘, 100*4
93*3 95
BOND.*,—C o n tin u e d 011 N e x t i'n jg e .
f in s a n d E l e c t r ic L ig h t
N Y G E L U A P g 6 s . . .1 9 4 8
P
u rch a se m oney g 4 s . ..1 9 4 9
105 i"o7»«
64
67
Ed El ill 1st co n s g 6 s . .1996
N YACJEI iMfcP I s t c o n g 6 s l9 3 0
10 i
i o i - . N Y * K icli G as 1st g 6 s .1921
Paoiflo G * E le o C o Cal G * E
*in*3 io5*3
c o r p u n ify in g * r e f 5a is*37
Peo G as Jo c 1st c o n g 6 s .1943
B efu n d in g gold 5 s........... 1947
U >i*aio334
O h G -L A C ke I s t g u g 6s 1937
97
97
Con G Co of Ch 1st g u g 6 s .’ 36
*00 1 0 1
In d N at Gas * O il 30-yr 5s ’ 36
110*3116
.Mu Fuel Gas 1st gu g 6s. 1947
87*3 90
P h iladelphia Co c o n v os ..1 9 1 9
lU0*3 I 0 6
Syracu se L igh tin g 1st g o s . ’ 61
99 *, 101
T reu tou G * El 1st g 6 s ..1949
91
92*, U n ion E leo L * P I s t g 6 s .l 9 3 2
W e stch e ste r ln g h t’ g g 6 s .1950
h D ue Keb
4 Due A pr
eD u e
M ay
J -D
F-A
J -J
F -A
M-N
110
M-N
A-O
M-S
J -J
J-D
M-N
M-N
F-A
J-D
M -s
MS
J-D
88
02
91
91
6
91
115*, 1 1 0 \ 1 18*4 M a r ’ 1 0
118
......... l o t
1 0 2 *3 M ay’ l )
102*,
..........104*8 103 J ’l y ’ lo
102 7,
10 1 W
j M ay’ lo ___ 1 0 0 * 4
.......... 0 0
4 Aug^OU
•••••• ............ 101
M at’ l o __T_ i o i
100 J ’ ly TO
1U0
97
____ 1 0 0 M ar'll*
IU0
*98 ......... 1 1 0
Muy’05
98*, 100
96 J a n '08
100 J ’ no’ lo . . . . 1 0 0
09 *a sale
80
83
Sale
90*3
100*4
46
99*a 103*4
80*4
8 0 a.
80*4 87
6
110
110
1 1 1 *,
1 110
l o o *4 M ar ’ 1 0 . . . . 10 0 * 4 1 0 1 >«
97 *3 J ’ l y ’ 09
RD u e J Ty IcD u e A u g qD u e
Deo
92
119
104
104*4
10 2
io i
105
10 0
10 0
jO b t lo n 3al6
BONDS
N. Y . STOCK E X C H A N G E
WKKK ENDIN''- ArOUST 5
■3
O
s i;
kange
Since
J a n u a ry 1
W tsk’ t
k a n g e or
Last Sale
iY<c«
tVirlnv
A u g u st 5
1
C o n tin u e d — P a g e
BONDS
N. Y . S T O C K E X C H A N G E
WKKK ENDIN'' AUGUST 5
335
3
JnVst
k e r io d
New York Bond Record—
AUG. 6 1 9 1 0 .1
P r ic e
tr id a y
A u g u st 5
W eek’ s
\ k a n g e or
L a st Sale
■g-s
kange
§■3 !
Since
*5 63 J a n u a r y 1
b ia
A s k Low
H igh. A’o L o w Jtioh
N Y C en t <fe H u —(C o n )
2 78
82*4
80
80
in c h c e n t co ll g 3 * 2 » ___ 1998 F-A ......... 80
.........
80
V
70
V
M
ar ’ 1 0 . . . . 70v 79 V
Itegistered....................... 1998 F-A
t>5
9 7 S 98» 4 A p r ’ l * . . . . i 08*4 93*4
Beech C reok 1st g u g 4 s. 1036 J . J
10 2
M ar’ 04
K em stered ....................... 1936 J -J
106 .....................................
2d gu gold 5 s..................1036 J - J
B ee.-hC r E x t 1st a 3 *2 8 61951 A-O
. . 97 V A p r ’ OO
Oart <fc A d 1st gu g 4 s . ..198 1 J-O
Gouv<fe O s w e l s t g u g 5 s 1942 J-D
M oh <& Alai 1st gu g 4 s ..1991 M-S " I I " IIIIII " 9 8 V J ’n e ’Yo IIII " 9 8 V ’ 0 9 V
N J J u n c it g u 1st 4 s . .. 1986 F-A ..................... 106 O ct ’02
8 8 V 93
93
03 " l " 0 3 " *03 V
N Y <to H arlem g 3*3S ...2 000 M-N
N Y <fc N orth 1st g o s . ..1 9 2 7 A -O 1 ..................... 108 O ct ’ 09
95*4 9 8 V 0 6 *4 J 'l y ’ 10 IIII *96*4 * 0 8 V
N Y <fc Pu 1st c o n gu g 4s 1993 A-O
N o r <fc A lont 1st gu g 5 s . 1916 A O
Pine C reek reg guar 6 s . 1932 J -D ..................... 131*2 Jan ’ ii9
it W<fc O co n 1 st e x t 5 s ./i l9 2 2 A-O I06*a 197®g 1 9 / J ’l y ’ t o . . . . 107 110
O sw e <fe K 2d g u g 5 s ...« 1 9 1 5 F - A 1 ......... 105*2 106 J a n 'O s
104 104
it VV <to O T li 1st gu g 5 s . 1918 M-N; 1 02 *a......... 104 J ’ ue’ iO
. . . . 1 0 l 76 1 0 2 *s
102 ‘
Rutland 1st co n g 4 *3 8 . . 1941 J - J
86 V 01V
80
85 | 86 V M ay’ 10
O a& LOhain 1st gu 4s g l9 4 8 J .J
02
J n e’ U0 III
Rut-C anad 1 st g u g 4 s . 1049 J -J
St Law <fc A d ir 1st g 6 s . 1996 J -J .......... .......... 115 J ’ ne’ 09
125 F o b '0 8
2d gold 6 s........................1996 A-O
U tica <fe B lk Itiv gu g 4 s . l 9 ‘22 J - J 100 .......... 102 A p r ’ lu . . . . 100 102
00
92 V
9(>V J ’l y ’ i o ___ 90
L ake S hore gold 3 *33 ___1907 J-D
6 88
92
88
8 0 V 88 V
88 V
ite g is te re d ...................1U97 J-D
95*4
8 02
92
92 V
92V 92
D eben tu re g 4 s ............. 1928 ■M-S
95*4,
92 V 02 V
02 V 33 02
25-year g 4 s .................. 1931 M-N
K a A <to G K l s t g u 0 68.1938 J - J 100
......... 109 O ct ’ 07
M ahon C’ l l i l t 1st 6 s . . 1934 J - J l o 7
P itts <to L, E rie 2 d g 5 s . o l 9 2 H! A-O 100 . . . . . . 100 D e o ’ u0
..........130*2 Jan '0 9
12 2
P itts AlcK <to Y l s t g u 6 3.1032 J -J
2d g u a r d s .........................1934 J -J 1 2 0
AloKees<to B V 1 s t g 6 s 1918 J -J 107
O ct ’09
Alien c e n t 5 s ...................... 1931 M-S 1O 0*«......... 115
J n e ’ 06
R e g is te r e d ...................1931 Q-M 108 *8 ......... 119
Jan T o . . . . .
4 s .........................................1940 J -J
D o c ’ 00
08 V
R e g is te r e d ................... 1940 J -J
90 J ’ n e 0 8
J L <to S 1st g 3 * 3 8 ........ 1051 M-S
87
90
80*2 87 A p r ’ 10
1st g 3*2S.........................1952 M-Nj
00*2 92*2
89 a4 9 0 * a J ’ u e ’ lO
20-year deb 4 s ................1029 A-O
B a t e <to S lu r 1st g u g 3 s. 1089 J -D
8 07*2100*2
98*2
98*2 «aie I 08
N Y C h ic (to St L, 1st g 4 s 1937 A-O
D e c ’ 09
10 0
R e g is te r e d .......................1937 A-O
00
02
D eben tu res 4 s ............... 1931 M-N ......... a a V 0 0 J ’ n o’ l o
99*4 102*4
W e s t S h ore 1st 4s g u . . . 2361 J -J 100 103 101*4 101*4
97
96*4 1 0 0 * 2
ite g is te r e d .......................2361 J -J ......... 07 78 07*4
N Y <to G reen w Bake s e e E rie
N Y <to l ia r s e e N Y O <te H ud
N Y L a ck <to VV See D L <to VV
N Y L, E <to VV See E rie
N Y <to L o n g B r See Cen t of N J
N Y N 11 <to 11—C o u v o s .. 1948 J .J 131*2 Sale 131*4 131*2 40 130 V 135V
8 06*2 103*4
97 Sale
90V
97
C ou v de b e n 3 * 2 8 .............. iy 5 6 J -J
H o u s a io u ic R con g 5 s ..1937 Al-N l U V ........ 110 J a n ’ 10 . . . . 116 116
107
A
u
g
’
O0
100
*4........
.
M-N
N 11 <fe D e rb y co n o y 6S.1018
N Y 'to N o rth See N Y C <to H
1 05
08
07
06*8 97*2 97
N Y O <fc VV ref 1st g 4 s ..p l0 0 2 AI-S
1 0 1 V J ’n e ’06
R e g is 4>6,000 o n ly ..........f/1902 M-S
N Y <to P u t s e e N Y C <to H
N Y <to It B See B on g Island
N Y s (to VV See E rie
N Y T e x (to Al s e e 6 0 P a c Co
100 101 V
N o r (to S outh 1st g 6 s ..........1041 M-N 100 *4......... 101 M a y '10
N o r l <fe W est geu g 6s........1931 M-N 124 126 123*4 J ’ ly TO . . . . 123 126 V
Vlar’ lu
124*8 l ‘2 liV
im p r o v e m ’ t<to e x t g (is .. 1034 F-A 121 124 126
N e w R iv e r 1st g 6 s ........1032 A-O 120 ......... 123 M ay'10 . . . . 123 124V
n
96*2100
97*4 Bale
96*2
07
N <fc W R y 1st co n g 4 s .1096 A-O
97
97
07 A p r ’ lu
ite g is te r e d .......................1996 A-O
0 1 * 4 J ’l y ’ 0
01
03 V
9u
91
D iv ’ l 1st 1 (to geu g 4 s . .. 1944 J -J
06 *2
07 *2 136 04*2 108*2
97 *4 Sale
10-25 y ear c o u v 4 s ___ 1032 J-D
88
J ’ly TO
b7
90 V
P o ca h C <fc C ) o in t 4 s ..l 0 4 1 J -D .......... 88
C C<fc X 1st gu g 6 s ......... 1922 J -J 104 *2......... 106 A p r TO . . . . 104V 106
04
06V
94 J ’ly TO
S cio V <to N E 1st gu g 4s 1080 M-N
N o rth Illin o is See Chi <to N W
N o r ;n O hio See B E rie <to VV
99*2 1 0 0
99 1 0 2 V
N o r Pao—P rio r lie n g 4 s .. 1997 (J J 100 Sale
15 80
96
00 J ’ly TO
98*2 1 0 1
R e g is te r e d .......................1997 (4-J
9 1 7» 05
70
70
69 V 74
7 0 * 2 *>ai*
G eneral Hen gold 3 s___ «2047 14 -F
86
87*3
7 2 V F e b ’ lO
7 2 V 72 V
R e g is t e r e d ................,.a 2 0 4 7 y - F ......... 70
97 A lar’ 10
06V 97V
S t P a u i-B u l D iv g 4 s ___ 1906 J -D
09
09
90 F e o ’ 10
D u l s h o r t B l s t g u o s .. 1916 Al-S
C B (to 14 co il tr 4s s e e (It A o r
U
O
V
J
’
ue’
lO
.
.
.
.
116
V
118V
113*2117
F-A
S t P <fc N P g e u g 6 s ....1 0 2 3
111
F o b ’ lO' . . . i l 7
117
R e g is te re d ce rU h c’s .. l 0 2 3 y -F 112 117
61 82
86
110
110 J ’n e ’ l o ___ 110
S t Paul <to D ul 1st 6 s . . ..1 9 3 1 F-A
6 ! 82*4 87*4
. 8 - 34 82*4
» 2 ’«
I03 *e-Mar 10 . . . . 103 V 103*8
............ 102*3 J a u ’ i o ....| T 0 2 *3 102*3
2d 6 s ..................................1917 A-O
0 6 *2 A p r ’ 10 . . . . 9 6 V 0 / V
1st co n so l g o ld 4 s ......... 1968 J-D
.
...| 98 D o c ’06
02 V J a n ’ 00 .
89 .
W ash c e n t 1st g 4 s ..........1948
116 110 117*4 A lu y -lj " I I iYv v iV ” v
2 llo V K O V
110 V K O V
110*2.
114*3 117 *j Alar’ 10 .. 117V117V N o r P ao 'Ter Co 1st g 6 s ..1933
110
87 Alay’ 10 — . 87
N o r R y Cal s e e s o Pao
b5
b7
90
10S*3
Alar’
lu
N
or
V
V
is
See
C
s
t
P
Al
<
fc
O
103 108
— . 100*3 108*3
76 Alay’ 08
N o r be M on t See N Y Cent
96
J n e ’ 10 ...J l 96
l n a <to W s e e c C C <to s t L
06
06
m o Itiv it R See s a lt <to O
O re <to Cai s e e S o P ac c o
O re s n o r t B u ie s e e Un Pao
O sw e go <te R om e See N Y O
102 V I 0 8 7i
j u o C oast C o 1st g 6 s . ...1 9 4 6 J-D 104 104 V 102 V J ’n e ’ 10
a c 01 Alissuuri See Alo P a c
103
J ’l y ’ 10 . . . J 102 103 V
Penn R lt 1st real e s t g 4 s . 1023 M-N ..........102
..............107*2 J ’l y ’ JO . .. .'T 0 7 *3 110*4
J .J
lu 0 V Jan ’ 0 9 ..............................
C on sol g o ld o s ................... 1019 M-S
A -O
_ * ......... 110*4 108*3J ’l y ’ i o . . . . 108*3 110-2
Consul gold 4 s................... 1043 M-N 102 ........ 1 U6 F e b ’ 1 0 . . . . 106 1 0 6
......... 116*3 Alay’ 0 / ,. . . J ' .......................
J -J-! 1. 1..5 -2
* **
. ( ( - , , Mur'IlK
'I
08 V
98*4 40 08 V 1 0 2
08V bale
C o n v e rtib le g 3 *28............1912 Al-N
05
05 v! 94 94 V 97*2
96*4 Sale
C o n v e rtib le g 3 *as............ 1916 J -D
• 'j
1UJ ......... n o
102
7 6 101*4 101-8
Sale 102
C on sol g o ld 4 s ................. 1948 M X 1 0 2
A lle g Vui gen g u g 4 s . ..1 9 4 2 M -S
0 8 * 4 ....... 1 0 2 * 4 A p r ’ 10 . . . . 102V 102 V
1 ' 93 V 95V
03 V Sale
03 V
93 V
l-J
F-A
...................
D
R
it
it
(to
B
g
e
l
s
t
g
u
4
s
g
.
’36
8
8
*4
92
V
1
8
y
v
J
’
ly
TO
,
AO
88
80*4
P h u a B a i * W 1st g 4 s .. 1 9 4 3 M-N 100 *8........ 103 V D e c ’ 0 0 . . . . ' .....................
1 0 2 *4 Alar’ 10 ,. . . . 1 0 1 * 4 102*4
J.J
(i -J
*«i 100
j. v u
. . . . . . to y
Jan *03 . . . . . . . . . . . . . . . .
Sou Bay (to SO 1st g o s . . . 1924 J
84 ‘ g J ’n o ’ 10 ,. . . . 8 2
85
A-O
U N J R lt (to Can geu 4s. 1944 M-S ..................... 103 V Alay’ 10 . . . . 1 0 3 V 1 0 1
1
104*2 105 1 4 103 106
Peuu C o—G uar 1st g 4 *a s.l9 2 l J - J 1 104 V 105
J -J
R e g is te r e d ...............!.102 1
......... 101 V 103*4 F e b ’ 1 0 ___ 103*4 103*4
1
90
0 0 | 17 90
00
00 Sale
G uai 3 *as c o ll trust r e g . 1937 M-S
87 V
87 V 2 2 8 7 V 0 2
J -J
G u a r3 * a se o h tr ser B ...1 9 4 1 F -A 1 ......... 91*4 89 V J ’ *!" TO . . . . 89 V 9 1 V
8 0 V 00V
J -J
8 o v J ’ ly t o
06*2 Alay’ 10 . . . . 0 6 * 2 97 V
M-N
9
5
V
96
V
l
’r
Co
c
e
r
til’s
g
u
g
3
‘as.
1916
16
92
95*4
02
v
9‘
2
*4
.Yl-N
93 V 94
00
Jan T o . . . . i 90
90
G u 3*28 tr c t ls C ....... ....1 9 4 2 J -D .......... 0 0
F-A
bOV
s i V 28 79 V 82 V
81 Sale
01
D e o ’ 09 . . . . .....................
G u 3 Vs tr Ctls D ........ . ...1 0 4 4 J -D ......... 94
F -A ! ......... 79 V 7 0 j ’ n o ’ 1 0 . . . . ■ 78*8 80 V
S o ij0X, h iq h
Lont: Isla nd—(L o n )
\
lSl“ „
,4.**, f?2 * t „ " V ^
G u m rot sold 4 s ...... ........ 1 9 4 9 M-Si 96
97 | 9a J ly 10 . . . . 04** 100
B k ly n <S> M ont 1 s t g 6 s . .1911 M-S .....................
l u t o s ................................. 1911 M-S ...................... 101V D ec 08
K V B<& M U 1st con ft 6 s 193b A-O 102 V ......... I I O ^ K ot 06
A p r ’ 07
N Y<& li 15 1st g 6 s ........1927 M-S 1 0 0 V ......... 106
100*4........... 1 0 9
N o v ’ Otj
N o r S liB 1st con g ku 5 s o 1932
.. 96
I 97
N o v ’09
L ou isian a & A r k 1st g 6 s . 1927 $ I s
112*4 116*4
112
.........
'112®*
J
’ l y ’ 10
J-D
L o u ist <fc N ash v gen g 6 s .l9 ;i0
114 114
A p r ’ 10
G olu 5s..................................1997 M-N; 112 ..........114
, 96°b 100*3
97U Sale
9(1V
97*4
U n ified golil 4 s ................. 1940 J - J i
................'100
M ay’OO
s i a » A o ; : : : : : : : : l 9 u 5 ;A : o ' : : : : : :
io7 n o
Onll
irnf.1 fin_______
9 3 1 M-N 106. .......... ,107
- l y 10
C oll trust,
tru st gold
6 s............. 11931
J ’ l y ’ lO
111*4 112
E 11 <fc N ash 1st r 6 s ___ 1910 J -D 109 >4 ........112
103 106
A p r ’ 10
L Ciu & L ex golil 4 Vs. ..193 1 M-N, 102 ....... .1 0 3
M a i’ 10
124 126*4
N O & M 1st gold O s ....1 9 3 0 J-J 118 124®*124
•**'*‘ 9
N O <& M 2d gold 6 s........1930 J-J ! 117}* - - - - - 1J0
107*4 110*4
P e n s a c o la D iv g o l d 0 s . . . l 9 2 0 |M-S| 105*4 110 107*4 M ar 10
111 114
114 J ’ ue’ 10
113
S t L D iv 1st gold 6 s....... 1 9 2 1 |M-S
M a y ’ OO
75
71
(58
2d gold 3 s . . . .................. 1 9 8 0 ,M- 8
J
’
l
y
’
lO
01
96*3
9
1
94
91
A t l K n ox <fc Cm d iv 4 s .. 1965 M-N
116 J ’ly 06
A l l K nox <fc N or 1st u 5sl94tJ J-O
Jnn
’09
110
103
.........
M-S
H en d or B d g e l s t s t g Os. 1931
07*3
I 96
K e n tu ck y C en t gold 4 s .. 1987 J - J ............ 9 8 * 4 97 J ’ly 10
1(54
1 0 5 *3
L & X <6 M & M 1st g 4 Vs 1 9 4 5 M-S
,- - ..........106 > 104 M ay’ 10
92
'
9
0
uo®4
J
’l
y
’
i
c
...........
8
9
V
J
L<& N -S outh M join t 4 8 .1962 J - J
111
109
A 100 *4 ......... 109 J ’ u o ’ 10
N Jbla <Ss a 1st g n g 5 s . .. 1 0 3 ' F-A
98
...........
N<&0 Bilge gen gu g 4 'as 1946 J - J
1 10 *3 110*4
110*3.......... i l O *3 M ar’ 10
P en s <to A l l 1st g u g 6 s .. 1921 F A
109*3111
S <fc N A la con g u g 6 s .. 1936 F-A 109*3 114 109*3 J ’ ly T o
89*3 M ay’ 10
b 9 * a 8 0 *a
L & Jell B i l g e U o g u g 4 s . .1046 M-S
L N A & Ch See C 1 & L
ahon Coal See L 8 <to M S
94 78
08 7g 98*4
94 7, 05 V 04 7g
anhattan Ky con sol 4 s. 1990 A -0
104 A p r ’ 06
R eg istered ....................1990 A-O
84 7i “ 0 9 7s
95
94
0 6 V 95
StmpU ta x e x e m p t .. 1090 A-O
M c K 'p i <fe B V See N Y Cent
06 V 08*3
08V 93 V 98*3 J ’ly TO
M ex C en t c o n s g 4 s ........... *911 J . J
3 l 78 M ay'lO
27*3 3 i 7e
1st con s m o g 3 s ......... <tl939 J’ ly
25
*3 A p r '09
2d co u s m o g 3s tru st r e c ts ..
77
Alar’ 10
76** *7*7*
76
M ox I n l o r i i a t ls t c on g 43.1977 M-S
_____ bO F e b ’08
Stam ped g u a ra n teed ... .1977 M-S
00
M.ay’
10
J
-D
M ox N orth 1st gold o s — 1910
M id i C en t See N Y C en t
M id ot N J See E rie
M il 1 ,3 ( 4 VV See Ohio <to N W
MU & N orth ^ O h M & B t P
131 M ay’ 10
181 131
M illu <53 St L 1st gold <8.. 1927 J-D 131
118 J a n ’07
P aoillo E x 1st gold O s ...1921 A-O 101
loo*-. J ’ ly t o
1 100**3 i b T
South W est K x 1st g 78.1910 J -D
' 102V 109
1st con sol gold 6 s ........... . 1034 M-N 101 103 V i 0 2 »b J ’i y T u
75
M uy’ lO
'7 0
81*3
70
65
1 st and refu n d gold 4 s ..19 4 9 M-S
87 M a r ’lu
87
01 *4
85
D os Al <fc F t D 1st gu 4 s ... ’35 J -J
M in n ei St L gu See B C H<to X
03 J ’l y ’ 10
03 100
96 V 98
M S t P <&S S A1 o on g 4 ln t g u ’ 38 J .J
0 8 *3 J a n ’ i o
08*3 98*3
9/
........
M S S M <fc A 1st g 4 int g u 1926 J -J
M in n Un See S t P M <feM
U7V
96*3 100
97*4
9 7 S 98
M o K an <& T en l i t g 4 s . . . 1990
83
82
87*4
82*4
82 V b3
2d gold 4 s .......................... ffiOOO
lo o
6 100 106
100
......... 101
1st e x t gold 6 s ................... 1944
82 J ’lio’ lO ...I 81*3 85*4
80
1st <to refu nd 4 s................. 2004
s4
8, 83*3 0(*a4
84
84
83
G en h I 4 * 3 8 ..................... 1936
88 A p r ’OO
85
S t L D iv 1st ref g 4 s ___ 2001
J ’ ue'10
ioa*** i*o*3
105
IIT6 " . .
D ai <to Wu l s t g u g 6 8 ...1 9 4 0
90
93*i
92*3 0 2 A p r ’ 10
K an C <to Pao 1st g 4 s . ..1 0 9 0
loO
1 106 113
106
108
106
M o K <fe E 1st g u g 6 s . . .1942
103 105*3 1 0 3 J ’ly TO ... 103 107 V
M K <to Ok 1st g u 5 s ........1042
2 100 *8 105
102 *3 Sale I le 2 V
H*2V
M K <to T o I T 1st gu g 6 s . 1942
......... 109 | llo >4 A p r 09
Slier Sh <to b o 1st gu g 6 s. 1943
......... 103*8 1 0 6
M ar’ 10 . . . 105 105*3
T e x <& O kla 1st g u g 5 s . .. 1943
1 1 0 l *3 1 1 1
M o P acific 1st c o n a 6 s ...1 9 2 0
T r u s t gold 6s sta m p ed .«1 0 1 7
... I 00V 09®s
R e g is t e r e d ................... a l9 1 7
24 100 102V
1st coll gold 5 s ................... 1 0 2 0
10 i 75
8 l 7s
40-year gold loan 4 s........1945
M
6 100 102*4
U
I
1
00
cc
oc
8d Vs extd at 4 % ................1938
1st <& r e f c o u v 5 s .............. 1959
C o m B r B y 1 s t g u g 48.1019
Cen B ranch U P l s t g 4 s .l 9 4 H
L e r o y (too V A L l s t g S s 1026
P a c It o f Alo 1st e x a 48.1038
2 d e xten d ed g old o s . . .1938
S t L l r Al<fc S g cn con g 6s 1931
G en con stam p g td g 5s 1031
U n ified <to rot gold 4 s ..1029
RiV (to G DlV 1st B 4 s . . 1033
V e rd i V 1 (to W 1st r 63.1026
M obJ <fc K C i s t c o n s g 6 s. 195.1
M ob tto O hio new gold 6 s ..1027
1 st exten sion gold 6 s ../il0 2 <
G eneral gold 4 s .................193s
M o u lg o m D iv 1st g 6 s ..194',
St L <fc C airo c o ll g 4 s . . 01930
U uarunleou g 4 s........... 1931
M & o coll 4s s e e Southern
M ohaw k <fc Alai S e e S \ C<to H
MonongaheLu R iv See H <to O
M on t C en t See S t P A1 <& Al
M organ ’ s La <to 1' See s P Co
M orris <to E ssex See Del L <fc \\
\ ln s h C h a t * S t L i s t 78.1913
l x 1st c on sol gold 6 s ..........192s
J a s p er B ran ch 1st g O s..1923
M cM Al W * A l 1st 6 s .. 1011
T <fc P B ran ch 1st 6 s ___ 1 0 1 1
N ash F lor <to Sliet See L (to A
N a t Uys of A le x p r 14 Vs 1 9 5 1
G uar gen 4 s ........................1977
N ut of Alex prior Hen 4 V s .i9 2 o
1st con sol 4 s .......................1951
N ow 11 tto D s e e N V N n & n
N J J u n c lilt s e e N V Cent
N Y 15luu <to A5aii Bell See L 1
N V C en t <to 11 l t i v g 3*38.1097
ite g is le r e d ....................... 1U97
D eb en g 4 s .........................1934
L ake Shore c o ll g 3*3S ...1 90s
Iteg is lered ....................... 190s
1U L S C E L I
C o n i a n il I r o n
B u lt A S u s q I r o n s 1 o s . . ..1 9 3 2
D eb en tu re 6 s ................ a 1926
C 01 i* <to 1 c o g e u s I g 6 s ..l 0 4 o
C on v ertib le d eb g 5 s — 191 1
C ol In d u lst(to c o ll os g u .. 1034
C on tin ’ talC 1 st s 1 g u 5 s g . l 9 o G r itiv Coal <to C I 8 t g 6 a . . l 9 l 0
J ell * C lear C & 1 1st g 6 s . 102*
Knn .to 11 C <fc C 1st s I g 5 s . l 0 o l
,P oca h Con C ollier la ta 1 Oa.’ o i
S u n d a y C reoa C o g 6 s ___ 1941
■Tenn Com gon o s ............ 1951
T en u D iv 1st g 6 s ....... a l9 1 7
B lrm D tv 1st con sol 6 s ..1017
Cali C Al C o 1st g u u 68.1922
D o B ar C <to 1 C o g u g 6 8 . 1 0 1 0
iV lo io r F u el 1st s f 5 s ......... 1053
!V a Iron Coal & C o l s t g 58.1949
1
J-D
M-S
hA
F A
E-A
F-A
A-O
J-D
J -J
J -J
J J
J -J
A-O
J.J
J D
F-A
J -J
M-S
97 V 100
71
Sait
" 0 0 " i b '6 "
.........
81
09*4
81V
... . . . .
...
100*8 162 s
103*8.........
103 V .........
loO .........
.......... b8
06
08
0 9 V N ov ’ O9
04 D e o ’ 00 . . . .
07 V J ’ ly TO . . . .
00 V J ’ h e’ 10 .
70
71
26
.07*8 D e o ’ 04
102 V A p r ’OU
107 Alay’ 07
105 V D e o ’ Ol*
83 J ’ n t’ 10
73 F o b ’ 07
102 V J ’ly It
103 V J 'n e ’ 10 . . .
104 J 'l y ’ li
110 J a n ’01
100 Jan (
87 A u g ’ 09
1
07 V
97 V
►No prico F riday; latest bid and askod. a D u o J a n
V N K O U S B O N D S —C o n tin u e d o n N e x t P a g o
bD u o Fob
t ln n u ln c tu r in g A I n d u s tr ia l
A llls-C lialm ers 1st 5 s........1936
A m A g uh ein 1st c 5 s ........192ft
U6 ” 03
93
0 6 V Ain C ot Oil e x t 4 V s........... 1916
82*4 Am H ide <fc B 1st e I g 6 8 ..I U I 0
70
A in er I c e & ecur deb g 6 s .. 1925
A m S p irits Altg 1st g 0 s . . l 9 1 «
......... .......... Am I 'u r e a d ls t c o i tr 4 s ..1919
A m T o b a c co 40-yr g 6 s -----1944
4 s , .......................................... 1951
”8 3 " " 8 3 "
lo th S teei 1st e x t s i 6 s .. 1 0 2 0
......
en t le a t h e r 20-year g os.1 02:
i o a " 104 V
o n s 1 l o b a c c o g 4 s ........... 1951
103 v 107
jo rn P ro d R o t s f g 5s — 193,
104 107
......... . . . . . .
1st 2 5 -y e a r s t 5 s ................103*
C u ban -A m er s u g a r c o ll tr Os T 8
io o 100
D istil 'e e Cor c o u v 1 st g 6 s .’ 2 1
E I d u P o n t P o w d e r 4 V s ..l 9 3 t
04 V 100
......
e l l u o a l a y ^ D n e i ’ne
hD ue i ’ly
k D u e .vug
J -J
A-O
(J-I*
M-S
A-O
>1-S
J.J
v -o
b’ -A
J-J
A-O
F-A
d-N
M-N
t-G
AO
J-D
74
74*4
7 4 V Sale
l n o v vah* 100 V 101
93
05
03 V
93V
96
96
96
68
' 6 7 " Sale
67
94 V
04*» 07
94 V
00
90
00
105*4
105*4 Vale (05
78 E
78
7 8 V sale
84 s
83*4 Sale
83 V
97*4
07 V
97 V s a lt
77*4
76 V
73 V Salt. . . . . . 91 V *J4V A p r ’ lu
93 V 94 J ’ly TO
96 V J ' l y TO
■*96" 07
07 s,
67
63
67
85 J''ly T 0
82 V 63
o D uo wet
84 V
3b 74
14 100 103
l 03 V 98
4 96 102
« 67
73V
96
1 94
1 00
93V
36 L04 V 109
41 76 V 85 V
11 83 V 89*4
07 07 102
14 7 6 V 8 3 V
07
04
. . . . 03V gs**
9 6 V 97
74 7»
” ‘4
67
,^ 85
88 V
n' D u e .N ot j D u e 1160
! F lat.
326
N ew Y o rk Bond
BONDS
N. Y. ST O C K E X C H A N G E
W kkk EvniNo AUGUST 5
So k
P rice
Friti a y
A u g u st 5
W eek’ s
R ange or
Last Pale
s5
E e c o r d - “Concluded—-Page
Range
Since
p
;
'0
BONDS
N. Y. ST O C K E X C H A N G E
W kkk E.vm.vu A f o r s r 5
4
JVOL. L X X X X I .
I 3!
P rice
P raia
A u gu st 5
11
R ange or
Last s a le
R ange
Since
Jan u ary l
P e n n s y lv a n ia C o—("Con;
Uiu
ass /,()«>
H igh A Lou> H igh
Hui
litie Jioiv
H aul' -Vo i,o,o H igh
G uar 15-25 year g 4 s ___1931 A O ___
U 04 9 6 4 J ’ n e T 0 ___ 9 0 4 99
o P a c B it 1st re f 4 s ......... 1955 J-J
94 s a lt
934
9 4 4 09 9 3 1, 9 5 7s
Cl * M ar 1st gu g 4 4 s . . 1935 M-N 1U1 ......... 110 J a n ’ 0 5 ...............
S ou th ern —1st eon g 5 s ___ 1994: J - J 104 4 sa lt 1 0 3 4
I 0 4 4 22 103 Jo 1 1 14
C l * P g o n g u g 4 * a s s e r A . ’42 J -J 103 ......... 1 1 0 4 J a n ’ 0 9 .........
'
102 4 ........... 1 1 0
R e g is te r e d ...................... 1994' J - J
M uy’ u j
S eries B ............................ 1 9 4 2 a -O 103 ......... 1093, J ’ l.v’ 09 .
'
73 '•.Sale
D o ve lo p * ge n 4s Ser A . I960; A-O
73 4
74 4 12 ” 7 3 " '81*4
S eries C 3 4 s ................... 1948 M-N
90
1•
9(J■ A•u g .....
’ 0 9 .....................
85
5 1 o b * O hio c o ll t r g 4 s ,. 1 9 3 8 :51-S
8 6 4 8 5 “u J’ne’ lo . . . 8 5 4 9 0 4
S eries U 3 4 s ................... 1950 F-A
90
.........
. . . . ! 90 M ay’08 . . . .
105 107 4 l o o J ’ ly ’ i o . . . 100 111)
M
em
D
iv
1st
g
4
4
5
s
.
.
.
1990!
J
-J
E r i e * P i t t s g u g 3 4 s B .194 0 J j
91
-----] 92 A p r ’ 0 7 ...........
S t E ouis (tiv 1st g 4 s ___ 1951 J -J
84
8
7
4
80
J
’l
y
’ ll)
80 4 87
91
„ S ®rl? sI(' ............................1940 J -J
___ 1 9 8 4 A pr ’ 0 4 ___
A la Con B 1st g Os......... 1 9 1 8 J - J
105 ......... 108 H e p ’0 8 ____
1st jtu g 4 4 s 1941 J -J 100
. . . . 104 4 O ct ’ 0 3 .........
A t l * D auv 1st g 4 s ........1948 J - J *
.
91
I
92
4
Oct
09 . . . . I.....................
P itts 1H W * C 1st 7 s ...1 9 1 2 J - J 10 4 4
. . . . 1 0 5 4 I’ l .V lO ----- 10*3*4 i ’o 'li"
2d 4 s .................................UUS J -J
•83
4
85 I 92 J ’n o ’OO1___
2<17s.................................... 1 9 1 2 J . J 1 0 4 4
— 1 0 5 4 1 ’ ne 1 0 ,. . . 1 0 5 4 ) 0 j 7f
A tl * Yad 1st g gu a r 4 s . 1949 A-O
___ 107 O c t ’O H ....
6
* A 7$ ................................ A1912 A -0 104
Col * G re e n v 1st Os....... 1910 J-J
*1*05" . . . . . . i b u ” J ’ ne’O '
P itts 1 * Asli 1st con 53.1927 M-N 107
109 M ay’ l o ___ ioV)" i o o "
E T V a & G a D iv g o s . . 1930 J - J
......... 1 U 4 111)
F e b ’ 10
.. 100 UO
P CO * St 1..UU4 4 s A . . . 1940 A-O
........10tl78 107-4 J a n ’ 1 0
107 4 107 4
Con 1st gold 5 s ............1950 M-N
110
sale 1 1 1 )
110
1 109 1 1 4 4
S eries B g u a r ...........................1942 A-O....... 1 9 7 4 1 0 3 4 J ’ l y ’ i o !------ 103 4 1 0 7 4
E T en reor lien g 5 s...... 1938 M-S
100 105 ilOO F e b ” 0
. 100 100
S eries C g u a r ...........................1942 M-N....... 100
1 1 2 4 -l 'n e ’OO . . . .
4
Ga
M
id
lan
d
1st
3
s..........1910
A-O
......... 07 ! 05 N o v ’09
_____
I 98
OH M
Xfnr’
IlO
V98
io " "F T "
S eries D 4s g u a r ........... 1945 .M-N ......................I
ar’ 10
Ga Pac B y 1st g Os........ 1922 J -J
H 0 4 1 1 1 4 X 1 1 * 8. 1 1 1 4
2 1 1 1 ‘8 113 4
G en es E 3 4 gu ar g ___ 1949 F-A ...................... 94 J ’l y ’ l o
94
K n ox * O hio 1st g O s... 1925' J -J 109 114
114
4 F e b ’ .Vj
. 1134 1 M 4
S eries F 4s g u a r ......... 1953 J -D .................................................
■ d on * B ir p rio r lion g 5s 1945 J - J
.... 1 1 6 4 A p r ’ oO ..
C S t L * P 1st eon g 5 s. 1932 A-O 111*3......... 11178 J ’n e’ 10 ■— 111 4 112
M ori g a g e gold 4 s ........ 1945 J - J
82 A u v ’ud . . .
Pensacola * A tl Ree 1. * N ash
;
R ich * D an co n g Os__ 1915' J -J
105
103
1 0 0 4 A p r ’ 10 . .. 100 4 100 4
Peo * E ast Ree O C C * St E I
I
I
D en 6s stam ped............ 1927 A-O
1 0 3 4 1U0 105 4 M ay l o i . .. 1105 1074
P e o * Pek Un 1st g Os___ 1921 Q -F
112 F e b ’ 1 0 . . . 112 112
K iel! * M eok 1st g 4 s ...1 9 4 8 M-N .......
75 C ot ’Oh . . .
20 void 4 4 s ...................... 5192 1 M-N
90 4 100
1 0 0 4 D e c ’ 0 5 1. ..
S
o
C
.
i
r
*
G
a
1st
g
6
s
___
1919'M
-N
10
L
103
102 J ’ l y '10
P c r o M arqu ette—R e f 4 s .. i 955 J -J ......... 72
75 4 A p r ’ 10' ..
7 5 4 79
V irgin ia M id ser C o s . ..1 9 1 0 M-S l o o t
112
C e l ’UO
Cll * W A1 5 s ...............................1921J-D
........ 101
1 0 1 ’, M u r’ I o !. . .
1014, 102
N ones D 4 -5s................ 1921'M -S 103
.108 4 D e o ’00
P lm t * P 51 g Os......................... 1920 A-O
105 ......... '1 1 1 4 A p r ’ 10!___ 1 1 1 4 1 1 2 t
195
S e n e s E 5s......................1920 M-S 105
_____10 M, D eo ’09
1st con sol gold 6 s .......... 1939 M-N ......... 1 0 3 4 105 D e o ’ Oo1......... "
G eneral o s . .................... 1930 M-N 101
.........
........4 J ’ly 10
.........105
1 ib*5 4 10*7*8
P t H uron D iv 1st g 53.1939 A-O ......... l o i J ’ l y ’ l o . . . . i o i " ib*5*
G uar stam ped...........1930 M-N 1 0 5 4 ............107
............
D e c ’09
Sag i u s * H l s t g n c 4 s . 1931 E-A ---------------W O * W 1st e y g u 4 s .. 19241 F-A
80
......... ' 91 F o b ’ 10
J|*9i** *91***
PliU B * W Ree P en n BU
I
W est N C 1st con g O s ..191 4 ! J --JJ 104
lo0*8 M ay’ lo
. 105 4 100 4
P h ilip pin e Hy 1 st 30-yr 3 14s’ 37 J - J
80
89
89 4 J ’ ly ’ 1 0
88
90
S * N A la See E
* N<
-------Pitts Cm * St E See P enn Co
ii
Spoltai.e lu te rn a t 1 s t g 5s 1956 J - » ........ 100 I1 0 0 4 S e p '09
P itts C leve & 'Pol Ree B * O
’ J er A ol Ht 1 . 1st g 4 4 s . .1 9 3 9 A-O 103 10 f V 1 0 i 4 A pi ’ ll)
107 •*» 107 4
Pitts Ft \V * Cli Ree Penn Co
A
1st
con
gold
6
s
___
1
39
4-1
944'F-A
108
1
1
0
1
112
M
ay
l
o
112 1 1 5 4
P itts 5 I c K e e s * V NeaN Y Con
G eu refu nd s t g 4 3 ......... 1953’ J -J
97 4 98
98 4 J iy ’ 10 . . . . j 97
98 4
P itts Sli * E E 1st „g 5---------------A-O
s . . .1940
1114 1144 1 1 2
M iiy ’ 1 0 .... 1 1 2
112
St E M B go X e r gu g 5s. 1930 A -O 103 109
109 M ay’ lO .
109 109 4
1st con sol gold 5 s .............. 1943 J -J
9 3 '4 > iy ’ 97
T
e
x
*
N
O
Ree
So
Pao
C
o
I
P i t t s * W est Ree B * O
T o x * Pac 1st gold 5 s ..........2000 J-D 108 4 109
1084 109
0 1084 112 4
eading Co gen g 4 s ........1997 J-J
98 Sale
se
084
60 97 1 0 0
2 d g o l d i u c 5 s .................... o2U00 Miir
0 0 4 06
70 M a t’ l O ___ I vu
70
B eg istered ....................... 1997 J-J
J l y ’ io
95
974
Ea D iv B E 1st g 5 s ........1931 J - J
«S ........ 103 Sep ’ 0 ;> . I
J e r s e y C en t coll g 4 s . ..1 9 5 1 A 0
97 1
90
i 96
W .Min W * N W 1st gu as ’ JO F-A
100 4 N o v ’O j!___ 1 ..................
974
ttenssciaer * Sar See l) * H
Tol * O C 1st g a s ................1935 J •J 1U0 Wait 100
lo o
100 112 4
R i c h * Uan A'ee Sou th lty
105 1U9 112 Sep ’ 09
W estern D iv 1st g a s ...1 9 3 5 A-O
R ich * 51cck Ree S outhern
G oneral gold 5 s ..................!9 3 5 [ J-D
1U 1 4 5IuyT0
99 4 1 0 4 4
R io G r W est Ree D on * IHo Gr
Kan * M 1st gu g 4 s ___ I ’J J o 'A-U
8
94 4 5 ia r T o
99 _ 94 4
Booh * P itts Ree B B * P
Tol P * W 1st g o ld 4 s . ...1 9 1 7 ! J •J
03*4 93 A pr lu
9 14
92
93 4
R om e W a t * O g Ree A V Cent
T o l St E * W p r lie n g 3 4 s . 1025' J - J
b8 M av’ to
8s
38
90
R u tland Ree N Y Cent
60-year gold 4 s .......................... i9 6 0 A -o
76
7 7 4 J ’ i y ’ 10
77 4 81
4 ja g T u s * 11 Ree Peru 5farq
Coll tr 4s g Ser A ............ 1 0 1 7 F -A
8^
84
4
M
ay’
la
834 804
O t J o * G r is l 1st g 4 s . . . 1947 J-J
8 0 4 89 J ’ n e’ lO
89
94
Tor Ham * Bud l s t g 4 s ./U 9 4 li J -i>
84
89 J ’noTO
8 7 4 01
8 t E * C airo Ree M ob * d u o
103 J ’n c lO
109 100
St E * Iron .Mount Ree 51 P
80 U cl ’ u9
St E M Br Ree T U K A oi S t E
U 11 Pao B B * 1 g r g 4s ...1 9 4 7 ' J - J 1 0 0 4 , sale 100 4
100 4
0 0 4 102
St E ou is <fc S F — l o n g Us. 1931 J -J
120 A p r ’ 1 0 ___ 120 124
B eg iste re d ....................... 1947 J -J
09 J ’i y ’ l o
98 4 1014
G en eral gold 5 s .................1 9 3 1 J -J
105 1 0 0 S 1 U0 J ’ l y ’ l o . . . . 1 9 5
1084
20-yr c o u v 4 s ............................. 1927 J -Ji u j ' e sale 103
104
191
ILO ‘4
St E * S F B B to n s g 4 s . . ’ 9U -J -J_ ......... 8 8
90 M a r’ 1 0 . . . . uo
914
1st * rot 4 s .......................j/2008 M-S
Oop, sa le
96 4
9 o a4
9a
984
G en 15-20 yr 5s . . . . . . 1927 M-N
85 4 Sale
84 4
80 | 7 2 ' 84
90
Oro B y * N a v con g 4 s . 1910 J -D
9 6 ‘g J ’ly TO
U44 9 8 4
99 ......... 1 0 0 4 A p r ’ 10 . . . . 1 0 0 4 1 0 0 1.,
S ou tliw D iv 1st g o s . . 1 0 4 / A-O
Oro Short Bine l s t g O s .,1 9 2 2 F-A 11*3*4 114
U 6 J ’l y ’ 10
U
3
4
117
R efu n d in g g 4 s .............1951 J -J
7 9 4 salb
7 8 4 TI1 79 4' 87l 7 8 -j 85
1st co n so l g 5 s ................1910 J - J 1 0 8 78 ......... 109
ro9
2 1984 113 7a
K C 8 t S * 5 i e o u g Us.. 1928 M-N 113 ......... 1 1 5
J J y ’ i o . . . . 1n 1
1174
G u a r r o lu n d 4 s ..............iy u y J-D
9 1 Sale
91
92
2U 91
9 1 7*
K C F t S * 51 B y ror g 4s 193U A-O
7 1 Sale
7 _ 77 4[ 10 . 70 4 82
B e g is te r e d ................... 1 9 3 9 J -D
91
J
a
u
’09
K C * 51 U * U 1st g u o s . 1929! A-O
95 ......... 100 4 D e e - 0 0 !
U t a li * N or gold 5 s . .1 9 2 0 J -J
10 7 4 D ec ’ 99
O z’ r k * Ch C l s l g u 5 s g .1 0 1 3 1A-O
90 4 97 4 9 0 4 J ’ neTO'
Uni
N
J
U
B
*
0
Co
Ree
P
a
B
B
00 4 97
St E ou is So .See Illin o is Cent
Utah C entral Ree B io G r W es
St E S W 1st g 4s bil ctls .1 9 8 9 M-N
88 Sale
83
884'
88
93ab U t a h * N o rth Ree Un Paoiiio
79 7S 1 - 1 4 J ’ no l o .
2d g 4s luo bond O tfs ...p l0 8 0 J -J
80 4 82
U tica * B lack B Ree N Y Cent
Consol gold 4 s .................. 1932 J-D
Sale
73 ~
73 4 17 73
79
v audalia co n so l g 4s ....1 0 5 5 • -98 N o v ’ OO
G ra y ’s P t T o r l s t g u g 6s 19 17 J-D
1 0 1 4 A p r ’07
00 A p t t o
• era C r u z * P i s t g u 4 4 s l 9 3 4 J -J
St P a u l & Dul Ree N o r Paoillo
V er Val lu d * w Ree 51 o P I
S t P .Minn * 51an See G t N o r
V'lrginin M id Ree South B v
d t P * N or Pao see N ot Puc
Va .is S o u th w ’ i 1st g U a s.2 0 0 3 ! J -J
105 1 1 0 4 105 J’ly T o 1
105 108
St P * S ’ x C ity .SeeC S t P 51 * u
1st con s 60-year 6 s .......... 1958 A-O
94
00
0 4 4 J O 'T O . . . ‘ 94 4 U 84
S A * A Pass 1st gu g 4 s . .. 1943 J-J
83 4 Salb
814
84
83
4
8 8 *.
lo 7 J 1 1 1 0 / 1 1 3 4
VV
iSDKOld
08........
1939
1VI-N 1 0 7 4 8ale 1 0 /
8 F * N P 1st sin k 1 g 6s . 10 1 9 J J
98 4 ......... 104 O c t ’ 09
»»
2d gold as................... 1039 F-A ......... 98 4 99
99
|
98 103*
Sav 1' & W est Ree A tl Coast E
j
D obeiitu re series B ____ 1 U3 9 1J - J ......... 1U0
80 J ’ly TO
80
80
Scioto Vai * N E Nee N o r * W
1st Hen e qu ip s t i l g a s . .i y 2 1 M-S ......... 99 109 J ’ne t o
10 0
102
Seaboard A ir Eiue g 4s . . . i 9 6 0 A-O
83 4
83 4
6
80
1st lieu 50 y r g term 48.1954! J - J
90
J
la
r
T
o
82
8a
.
____ _ 90
-90
C oll tr refu nd g 6 s ......... 1911 M-N
99 4 9 9 4 99 J ’l y ’ l o . . . .
1st ref aud e x t g 4s . . . . 1950’ d - J
10U4
09 T„ 0 2 4 ^ 3 8 60 4 7 7 4
0 1 4 ~alo
70 | vm;
A d ju s tm e n t 6 s .............. o l9 4 9 F -A
09 4 70 I 70
764
D o t * Cu E xt l s t g 6 s .. 19 4 1 1J -J
104 ........ 106 J
10 . . . . 105 1 0 7 4
A U -B in n 3 0 -y r ls t g 4 s .e l9 3 3 .M-S
79
82 | HO J ’ ue’ 1 0 ___
87
D e s.U o in D iv l s t g 4 s . . 1939 J-J
83 D e o ’ oo
Car C en t 1st con g 4 s . ..1 9 4 9 J-J
90
9
1
4
.d
a
i’
i
o
.
.
.
.
93
UU1 DlV l s t g 5 4 s ........... 1 9 4 p A-O
914
76 A p r T o
0 8 -j 77
70 4
Fla Con * P en 1st g Ss.1918 J •J 100 ,
103 A p r’ 10 . . . . 103 103
T ol * Ch D iv 1st g 4 s . .. 1 9 4 1 IVI-S
99
Jail
T
o
8 14
00
100
1 st land gr e x t g o s . ..1 9 3 0 J-J
W ab Pitts T erm 1st g 4 s . 1954 J-D
33
30
30
30
C on sol gold o s ............... 1943 J-J . 1 0 0
62 4
......... K 1 0 4 M ay ' 1 0 . . . . 1 0 0 4 1004
Trust. Co c e r tfs ......................... I .. ..
33
3.1
3
a
1
«
j
64
Ga * A la B y 1st con 5 s o l9 4 5 J - J l o i 4 ......... 1 0 1 4 M a r’ 10 . . . . 1 0 4
10 4 4
2 U gold 4 s ........................... 1954 J -D
4
a "s
114
G a Car * N o l s t g u g 0 3 1929
102 4 100 lu 4 J ’l y ’ 1 0 . . . . iu 4 1•0 4 4
’T ru st c o c o r n s ........................
a4
04
124
Seab * Boa 1st 0 3 ........... 1020
100 A p r ’ 10‘
100 100
W arren s e e D el la ic * W est
Slier Slir * So Nee M K * X
W asn C en t s e e N or Pao
8 U Sp u c a * U Ree A tl Coast E
I
W asli O * W Ree Southern
S ou tn crn P a cillo Co—
W ash T e rm ! 1st g u 3 4 s .. 1945 F-A
88 4 M ay TO
88 4 90 4
G o ld 4 s ( C e n t l ’ a c c o ll ) . #1049 J-D
89 Sale
89
90
11 89
96
W est M aryland I s t g 4 s . . . l 9 6 2 A-O
___
8 2 4 Sale
82 4
8 JS j 39
82 4 80 4
R e g is t e r e d ................... A.T940 J -D ......... 90 : 90 J ’l y ’ 1 0 . . .
G en * c o u v g 4 s ............. 1953 A-O
HO
90
Vi 4 F o b T o
il
73
20-year c o u v 4 s ......... i/1929 M-S
96«e 8ale
UO
90 4 391
924 10 0 4
Trust Co c e r tfs .............
7 3 -j A p r ’ i o
0 8 4 74 4
Cent P ac 1st rei gu g 4s 1949 F-A
95 4 95 4 95 4
954
6 94 4 9 7 4 .„>v V aC’ent * P 1st g Os 1011 J -J
l o o 4 N o v ’ 09
R e g is te r e d ....................... 1 9 4 9 F-A ..................... ' 97 FeO ’ lu . . . .
97
97
W e s tN i * p a 1st g o s . .1937 J-J
.......1 1 0 4 1 1 0
J ’ 110 1 0 **"’ 109 4 1 1 0 4
M o r i gu ar g o ld 3 4 ts../cl9 2 9 J -D
87
88 4 87 4 J ’ i y ’ 10 . . . . 87 4 89 4
G eu gold 4s..................
1943 A-U
84 . . . . 1 92 A la i TO
9 0 4 92
T h rou g h SL E 1st gu 4s ’ 54 A-O
87«b 9 3 4 92 J ’n o ' l o ___ 9 1 4 94
In co m e 6 s ........................(1 1 9 4 3 !Nov
34 F e b ’07|” ”
G H * S A M * P 1st o s .. 1931 M-N 104 108 1 0 3 4 1 0 3 4
I
2 1 0 3 4 1 0 0 4 W est N o Car Ree South B y
G lia V G * N l s t g u g O s .1 9 2 4 M-N ........ .......... 1 0 4 4 Sep ’ 09
W h eel’ g & E E 1st g a s . . .1 9 2 0 A-O
1044 1044
, 103 1 0 4 4 F ob TO
H ous E * W T 1st g 58.1933 M-N 1 0 1 4 ......... 106 4 M ay’u o ____ 1
................
W heel D iv 1st gold 6 a ..1 9 2 8 J -J
101 1 0 1 J a n ' i o l ‘ " !.*> 104
•• • 104
1st gu a r 5s red ........... 1933 M-N 1 O1 4 1 0 5 4 105 J ’u e’ 10 . . . . 105** io*5 4
E x te u * Im p g o ld o s . ..1 9 3 0 F-A
' 99 102
102 J-u o’ lO
101
H & T C l s t g 5 s i n t g u . . l 9 3 7 J -J 109 4 1 1 0
1 1 0 4 J ’ n e ' l o ___ 109 4 1 1 0 4
l t B 1st co u so l 4s............. 1949 M-S
7 0 4 ' 7 9 4 J ’i y ’ 1 0 1
1 70
h74
C on sol g Os int g u a r ...1 9 1 2 A-O 108 4 1 10 ' IU9 4N ov’00
20-year equip 3 f 6s . .. 1 0 2 2 1J-J
100 I 99 D e o ’08 . . . .
G eu gold 4s ln t g u a r ..1921 A-O
92
94 j 0 2 J ’ l y ’ 10 . . . . ' 92
9 8 4 W ilk es * E ast Ree E rie
W a c o * N W d iv 1st g 0 s ’ 3U M-N 110 ......... 1 1 9 4 H a r ’ l o . . . . 1 1 9 4 11 9 4 W ii * S io u x F Ree S t P M * 51
A * N W 1st gu g 6 s ___ 1941 J -J
100 .......... 1 0 7 4 J an 0 9
VVis C en t oO-yr 1st g en 4s 1949 J -J
914
914’ 4
92
91
96
M org a n ’s Ea * T 1st 7 s .1918 A 0 ..................... 122 4 nmg’ OS . . . .
S u p * D u u l lv * term l s t 4 s ’ 30 !M-N
89 4 9 0 4 ’ 90 J ’l y ’ l o 1. . . J
94
1st gold Os.....................1920 J -J
107 ..........1 1 0
n o v ’ u o ____
N o ot Cal gu ar g o s ......... 1938 A-O
T c t o g r a p l i n m l T e le p h o n e I
..................... 1 1 2
F e b ’07 . . . .
O r e * Cal 1st gu ar g 6 s. 1927 J -J 100 ........ 100 J’no'10 .... i o o i o o
A m T e lo p * T e lc o U tr 4s 1029 J - J
00 J ’ n e’ 10
I
89
00
93
S o P a c ot Cal—Os E * F .1912 A-O 1 0 2 4 ......... 1 0 4 4 J ’n e ’08 . . . .
C o n v e rtib le 4 s..................1930 M- S
904
1 0 0 4 aVU
09 4 Hale
1st gold Os..................... 1012 A-O
1004
1 0 2 4 ......... 114 4 D e c ’04 . . . . ' . . . ” .............. M ic h State X’elep 1st 5s ..1 0 2 4 F-A ......... 9 8 4 0 8 4 J ’n o ’ l o . . . 1
09
1st con gu ar g 5 s ......... 1937 M-N
1 0 7 4 ......... 1 1 0
M ay’ 07
...................... N Y T e lo p 1 s t * g e n s t 4*as.’3U M-N
90 4 3alo
004
904 49
99
S Pac o f N M ex 1st g Os.. 1911 J -J 10 0 4 ........ 101 Mar ’10 ... . lo i lu 'i"
Pu c T e l * T e l i s t 6 a ......... 1 9 3 7 J . j
U57i Halo
954
0 0 4 62
994
S o Pa c Coast 1 st g u 4s g . 1937 J - J
84
93 1 90 J ’l y '0 9 . . . . . . . .
W est U nion co l tr cu r 6 s .1038 J -J ......... 98
97 4 J ’ly T o
1
1
004
T e x * N U S a b D lv ls t gOs.1912 M-S 1 0 1 4 ......... 1 0 1 4 Muy ’ 1 0 . . . . l o t 4 i. 0 2 4
FU am i real eat g 4 4 s . . .I 9 6 0 M-N
93
93 4 94
94 4 * 0 9 3 4 0 7 4
Con gold 5 s................... 1 9 4 3 'j - J
10 0
......... 1 0 2 N o v '0 9 . . . . '.
C o u v 4s, S eries A ........... 1930 M-N 1 0 1 4 Sale 1 0 1 4
1014’ 60 1 0 0 41024
102
|
R
0
1
111,1,811
.11 I S O U , l , A M i O U 8
lU u iiiiiiicliii
F-A
Jan T o
133
10 0
10 1
10 0
J ’ l y ’ 10
J-J
81
80 J ’ lie’ io
824
M-S
02
92* J ’ly t o
A-O
i)0 Sale
90
90
J-D
90
95 *• 5XnyT0
M-N 1 0 1
10 1
Sale l o i
J -J
07
0 8 4 97 J ’l y ’ K
AO
lo t
104 J ’ ncTO
j-j
92
93 M ay TO
00
90
93 -May’ lO
Vl-N 104 4 105
104*-1 J ’ ly TO
J -J
85*80
8 6 4 Sale
J .J
84
87
80 J ’ ly T o
J -D 1 0 2 Sale 1 0 1 3
10 24
M-N 1 0 2 4 Sule 1 0 2 *
10 2 4
M-N .........
10 2
10 2 4
and ask ed this w eek. 6 D u e Feb a
10-yrg deb os ................U017 J-D
Int Paper Co 1st con g Os.lOlt F-A
C on sol c o n v s f g a s ..... 1930
I n t St Pum p i s t s t 5 s ___ 1929
L a ck aw s t e e l 1 st g a s .. . 1 9 2 3
N a t E u a m * S tp g 1 st 5 s .. 192 a
N y A ir .-rak e is t c o u v Os ’ 28
B y s te e l Spgs |st s f a s . .. 192 I
K epu a u t a 1 s t * c o lt r a s . 1 9 3 4
U n ion Bag * p 1 st st 5 s .. 193b
S ta m p e d ......................................
U s Heath Co s 1deli g iV .V iu iB
U S K ealty * 1 co n v deb g a s ’ 2 1
ft S
* K ef 1st s t g Os. 1931
U S B u bber 1 0 -y rco ll tr O s .’ lfe
U SI
Si'Vn
■'n v 6ok
:i
10-00 yr as. f Cou9
rug ..alU
* V o p rico F riday; latest bid
132
131
82
133
H O M J 8 —C o n c lu d e d .
.11huh 1net 11 ring ifc in d u stria l
/a -C a r Ciiom 1st 15-yr 6s 1023
iV estiu ghouse E * . U s t 6 s '31
.WlSCCtlUllUOUS
Adam s E x co l tr g 4 s ..........1948
A i m o u r * C o lstreaiest*4 4 s ’ 39
B ush T erm in al 1st 4s. ...1 9 5 2
C on sol a s ......................' . . . lo o s
10 0
1144
Cine J o * t Yard co l g 5s . 1916
9 0 4 9s4
Det M * M l d g r in c o m e s .. 1911
10J IB 104
m s t it t o r I r r ig W ks 4 T a 1943
93
90 4 I n t y ie r c a u M arin e 4 4 s . .1922
93
9 0 4 Hit N a v ig a tio n 1st s f o s . 1929
104 4 105
N e w p N o 8 hip * D D 5 s d l9 9 0
85 4 94 4 N Y D o ck 50-yr 1st g 4 s ..1051
80
90 4 P ro v id e n ce s e c dob 4 s ___ 1067
1 0 J4 104 4
P rovid en t Doan Hoc 4 4 s . 1921
1 0 1 4 105 4
s Y u ba W at Co coil g U s ..1923
1017g 10 o 34 W ash W ater P o w 1st o s .. 1939
D uo A p r * D ue M ay ,/D u o .i ne /
A D ue J ’ ly
82
82
130 147 4
100 105
84
89 4
92
904
95 78 100
95 4 0 7 4
J-D
J .J
M-S
J-D
A-O
J -J
J -J
A-O
M-N
A-O
F-A
J -J
F-A
M-N
51-S
J -J
J- J
80 4 Sale
93
00 4
.........
.........
05*8
36
95 4
00
75
95
08
80
........
93
Salb
904
874
89
97
98
10 0
105
40
35
....... . 07 4
Salb
63 4
78
70
95
**0*2*4 9 1 4
90
95
112
10 1
084
87
10
18
03
1
01
02
J’ ne 10
J ’ ue’ lo
J a n ’ Ob •—
J ’ l y ’ lo
M ar ’ 10
00
111
0 0 4
86
02
904
874
00
35
00
60
70
100
93
934
94 4
89
98
40
98
714
83
704
3
D e o ’ OU
J ’ly ’ O
0 0 4 94
Nlay'lO .... 90
90
J ’ l y '09
J ’ l y ’ 04
F e u ’ lo .... 1 0 1
io i
A’ D iic A u g oD u o O ct p D u o N o r s O p tlo n aalo
CHICAGO STOCK EXCHANGE—Stock Record-Daily, Weekly and Yearly
— -----Saturday
July 30
♦170
STOCKS —HIGHEST A N D LOW EST SALE TRICES
185
♦ 212
♦ 0
►170 185
* 2 i2
Tuesday
Aug. 2
Wednesday
Aug. 3
*0
♦ 0
75
*70
*70
75
*15
16
10
*15
*8% 10
*8%
10
*4
*4
*4
(5
6
*2%
23.,
*212
2%
2%
* __
25 *____ 25 * ___
*
70 *
70 * __
18
*1812 22
♦181* 22
60
*59
60
GO
*59
*70
*15
*81*
60 k
63 f __
7
71*40
43
60
63
7
43
* __
*
7
*40
* __
*55
*7
+40
60
63
/
43
Friday
Aug. 5.
'Thursday
Aug. 4
Sales
o l the
Week
Shares
185 Mcli’ 10
1%
July’ 10
l
July’ 10
65
65
15
July’ 10
9
June’ 10
5
July’ 10
*2%
278
20
May’ 10
70
July’ 10
*18
22
*59
61
____
____
____
50
____
____
____
7
60
63
7M
43
Sou
Sale
Sale
Sale
65 Junc’ 10
61% July’ 10
40
July’ 10
40
July’ 10
Do p r e t ___________100
South Side E )levatcd._100
125 Streets W S table C L .1 0 0
Do
pret....................100
—
Last
Last
Last
Last
____
4
10
8
73.1
66
65%
240 *240
130 ►128
80
80
108 *105
131
132
7%
7%
65% 65%
*245
____
Last Sale
79% 79%
*107 109
►131 132
77S
7?s
651*
65%
*240
250
126 July’ 10
70%
70%
*107
109
*132
133
655
410
2
35
00
50
l's
3
32
117
35
35
32% 32% *32
60
*55
60
50
*48
50
*1
Us
Last Sale
1%
3
*2
32
32
32
32% 32%
115 115
11(1
115 115
*33
35
59
July’ 10
50
May’ ll)
1
Apr’ 10
10
♦31
♦110
*31
35
58
*55
*48
60
*1
Us
*2
3
32
32
117 ►110
*140
111
144
11L
144
111
*3212
♦55
*48
*1
8%
6614
250
130
80
10S
13H-
13?s
13"8
88%
60
*44
89
591c
*8 8 14
90
8
60%
*238
►128
»____
H
<13012
►140
111
*140
►no
144
111
*140
no
32%
116
290
200
Last Sale 144 July’ 10
110 111
no
110 %
302
*13
00
59
90
90
60
60
*44
X
50
*881.1 90
32%
1151*
14
25 Corn P rod R ei Co c o m ___
Do
no
pref____
305 D iam ond M atch_____ 100
405 Illinois B rick _________ 100
3 M asonic T e m p ie _________
50
90
21
101
121
115
US'.!
105%
x__
►103
119
►115
*115
105%
21 *_
104
101
119D 120
118
1151*
118 *115
105% 101%
21
103
120
1161* 115% 115%
118 *115% 119
104% 104 104
102
123
115%
no
105
220 N ational B iscu it_____ 100
Do
p r e f___________100
80
220 N ational C a rb o n _____ 100
Do
pret....................1 0 0
245 P eop le's Gas L & C ok e.lO O
15212 150% 151% 148%
119
118
1021.1 102 102% 102%
100 *150 160 ►155
152
150
119
117%
102% 102%
158 ►
155
1513. 150% 151% 151
151-%
ns
*117% 118 *117% 118
102% 102% 11)2% 102% 102%
Last Sale 100 July’ 10
158
1,116 S ca rs-R o c buck c o in .-lO O
Do
p r e f---------------- 100
36
330 Sw ift & C o ____________ 100
l'hc Q uaker O ats C o .-lU O
90
501*
60
90
102 103’
103 103 ►ion* 103
(i-!|
6%
6%
*0'4
<l's
0%
*12
144
111
255
37
200
89%
5(5
*4-4
•K
*88>.i
89
591*
<41
n
*S8i.i
it
•103
*10212 104
120
*120 123
115
115
*114
118%
M il
118
105% 105% 1051.1
*151%
118
102
*155
*31
*55
*48
*1
*2
*31
110
66
250
130
80
10S
132
M iscellaneous
Am erican C a n ________ 100
Do
p r e f__________ 100
A m erican R a d ia t o r ._ 100
Do
p r e f__________ lOo
A m er S h ip b u ild in g ___ 100
Do
pret....................100
A m er l e l e p & T c le g _____
Booth (A) & C o______l o o
Do
p r e f....................100
Booth Fisheries c o m ____
Do p re f_____________ _
Cal & C hic Cana! A: D.IOO
C hic B rew ’g & M alt’g ____
D o p ret____________
Chtc P n eu m atic T o o l.1 0 0
C h icago T e le p h o n e ___100
J)o rights____________
Chtc T itle & T r u s t___ 100
C om inonw t h -E d is o n .1 0 0
18
*12
is’
IS
*12
102 102
*61.1
6%
*12
18
90
58%
45
103
*0
90
58%
45
89%
58
90
58%
*100
*120
*115
*115
104%
103 *102
61*0
103
0%
Last Safe 15
Do
pret............... .. 100
93
70 U nit B o x Bd & P C o .1 0 0
June’ 10
Inter
es:
‘fertoa
A m er S traw b’ d 1st 6s_1911
A rm ou r & Co 4 K s ___ 1939
A urora Elgln& Chlc 5.1941
Cal & So Chic R y Co
1st M :>S...................... 1927
Cass A v & F G (St L) 5s '12
Chic Board ot T rade 4sl027
C hicago C ity R y 5 s___ 1927
Chic Uonsoi Br & Mlt 6s___
C hic Consol T rac 4 4 s 1939
C hic A u ditorium Ist5sl92i)
C hic D ock Co 1st 4 s ._ 192J
Chic Jc H R 1st M g 6S.1945
C hic No Shore lilec Gs.191
Chic Pile I’ool 1st 5 s .a l0 2 !
C hic Uy 5s_________-.1 9 2 7
C h 'c Uys 4-5s scries “ A ’
C hic Uys 4-5s series “ B"
C hic Uys 4-5s series ’*C’
C hic Uys coll 0 s . -.1 9 1 3
Chic U ys Fund 0 s__ 1913
Chic U ys T em Ctfs 1st 5s
Chic R I & P U R 4s . _ 20 0 2
Coll a t trust g 5 s___ 191.;
Chic T elep h on e 5s____ 1923
C om m 0 n w -1•:illson 5 s. 1 9 1 3
Clilc Edison deb 6 s . 1913
1st g 5s____ July 1926
D ebenture 6s____ U)2i>
C om m on w E lect 5sM943
Illinois Tunnel 5 s _ ._ .lU 2 t'
K an C ity R y & Light
Co 5 s ______________ 1913
K nlclc'b ker Ice 1st os 1928
L ake St El— 1st 5s___ 1928
In co m e 5s_________ 192.
M etr W Side El—
1st 4s_____ ________ 1038
E xten sion g 4s____ 193 k
M orris & Co. 4 H ____ 1939
N orth W est El 1st i s . 1911
N o VV G -L & Coke Co 5s 23
O gden Gas 5s________ 194.)
Pearsons* Taft 5s---------191,
4 .4 0 S ........................ ...........
4.60s Series 10....................
4.803 Series F___________
P c o Gas L & O 1st 0 s . 194.1
R efu n d in g g 5s-------1947
C hic Gas L A C 1st 5s 1937
Co ns um Gas 1st 5.<.1930
M ut’ l Fuel G a s ls f 5 s l 9 D
South Side Elev 4 H 3 -U 2 4
S w ift A Co 1st g 5 s___191»
U nion EL (Loop) 5s._104..
U nion l’ aclilc con v 4 s . 1911
U nite 1 B o x Board col 6?‘ 2G
G eneral m tge 6 i _______
W estern Stone Co 5 s . . 1 909
N oln — Accrued interest
F - A
J - D
•\ - C
F
A
J - .1
1 - D
F - A
J - J
1 - 1)
F - A
A - U
M• b
\ - O
J • J
1* • A
A - (,
J - D
F - A
F - A
- A
2
At - i \
v l1 .1 J \\\ •II -
b
1)
S
J
0
b
b
1;
VI - N
A - (J
J - .1
Feb
F - A
J • J
f - J
vl Q *M
»l - N
I - 1.
vl - t
vl - N
a •
A r V
1 - J
1 - L
VL • N
J - J
1 - J
A ■ (i
>1 - N
i - j
\ c
must
Price
Friday
A vq . 5.
in-..
Week's
Range or
Im u ScUs
S to n e _______ 100
185
1%
4
07
14
8
3
2%
H‘ds
Sold
69
16
51
M ch 7
J ’ly 28
JT y 1 8
M ay c
M ay 23
Mavai;
May24
J ne29
M ay 18
F e b 1?
Jan n
F eb 7
63
55%
7
40
M a y jl
JTy !
J T y 28
J ’l y 1 6
20
2
102
j'ne'O )
101% Oct'OJ
100 May'O/
101
102
103 Apr'01
50 Apr‘09
90% Jail'd j
____
U4% Dec'09
87
Feb'Oj
85 ’ 2
86
97
97
88 J’ ne’ 10
75 July 10
90% AiCil 1U
98%
98k"
98 July’ 10
UIJ% A p C lo
66% Allg'08
66% July'OS
191%
101%
1 0 1 % Sale
100% iUJ'n 100i2 100%
100
l'ne’08
1 0 0 % 100 June TO
100
100% Allg'09
100% lUJ'l
lOO'.i
80
Dec ’08
10J
9434 July’ K
90 Men'09
8 ) May’ ll)
16 May'05
24
____
....
1
4
___
....
1
__
4
3
___
___
2
_
81
81%
6
77
77
1
88
88%
3
94
94
14
99
Apr’ 1 1,
94 July’ l
100% Mch'09
961* Mch'10
97 Fe )'lu
98% MMi lO
121% MavO'J
____ 101
101% July’ lU
103 J u l y '10
r . . 103
102 McnlO
. __
lOUo Dco’O'J __
92
92%
92
92
5
10 J Sale
100
lo o
10
____
'90
88
Apr' 14
ll4
Nov'01
6)
70
70
Apr'111
00
60
6V Jnue’ lO
85% Julv 0 ‘
•e added to all flh lo i ro h ond
81% Sale
76
77
$88%
94
Sale
99
91
9S%
95
90
97%
7%
109
30
10
M ch 7
Jau 26
Jan <
Jan 6
Jan 8
Jan H
5
Jan 1,
810
77-% M ch jO
25 J ’n e _ i
31
56
50
1
J ’no
J ’ne
Jar.
F eb
6
»,
11
4
180 M ch
Ur O ct
5 O ct
31
lot?
8
3%
30
78
D ec
D ec
D ec
D ec
D ec
1 >ec
47 . Jan
60 J n e L l
72D J UC2L
104
Jan
6
6% J 'n e a o
13>£Jan It
62U J ’ly 20
82 Jan <•
A p r LG 250 M ay t
J T y 19 135 A p r 4
72 F e b 7
84% M a y l(
108 J'lyi>3 112 .Jan 1 1
181*4 J ’ly 30 142% M ch
39% J an i)
74 Jan 4
65 F e b 17
1 F eb 4
63
60
29%
97
190
4
15
13 1*
29%
62
8 ji*
Feb
Jan
Jan
J-iy
ja n
.ian
Jan
ja u
J’i /
asay
69
D ec
119 %
45%
89
ca n
Jan
Apr
Feb
73 w a y
61 M ay
5li D ec
lib* D ec
7% Jau
71% Jan
109 Jail
15% N ov
80* J ’no
225% O ct
132 JT y
St % Deo
112
Sep
146 N o v
101
10
48
51%
1
F eb
M av
J 'n e
Jan
Apr
49
D ec
, 5% D ec
58 A p r
1 Apr
25*2 J 'ly 20
110 M avlT
4/
187
F e b .1
Jau 3
20
127
M ch
Jan
42
140
142% Jail 21
J 'ly 27
163
1 2 1 % Jan
M cn iu
H
117
107
Jan
Jau
152 O ct
1—1-2 J i y
17%
70%
117
88
48
Feb
Mch
Jan
Jau
Jail
13Mt A u g
88% D ec
47 Sep
Jau
F eb
Jan
Jan
Jan
1 0 8 ':
13 1 ’ JT y 9
79% A p r 7
83 J ’ ly 26
53 J ’ly 26
43 1 * Mch 0
40 M ch 17
93 J ’ n 2 2 1
82 '
12/
91
46
60%
11m ,
F e b 28
.a n 0
M ch 2
Jan 7
M a y 2*
A p r no
101
138
104
112
103
Aug 3
J ’ly it
F e b 24
F e b 10
JT y 26
115
125
120
121
115%
Jan 7
Jan 18
J ’ ly 1
M ch 30
Jan 3
97%
118%
82
J10
102
148
117%
101l«
155
F eb 7
Aug 3
.inn 26
JT y 27
100%
122
109%
180
Apr
M ch
Jan
F eb
14
14
8
ill
65 % a n
101 Jan
100% Jan
119 Jan
106 Jan
15% Jan
6
3
22% A p r
1
98% Jan
»8 Feb
3% M ch
15
F eb
101 J T y l»i
5% A p r 28
15
j ’ ne 30
Range
lor
Year 1910
NAME
Outstand
ing
Slock
t
__
__
__
Surplus
and
Pro fin
T
119%
13U
10S'124
119%
1
169%
121%
114%
162
D ec
Sep
Sep
Sep
D ec
N ov
Aug
Alch
D ec
O ct
Aug
D ec
105 D ec
1% Mch
25
M ch
Dividend Record
In
1908
in
1909
$100,039
6
540,302
0
C alum et N a tion a l_____
C hicago C ity ------------------500,00c,
204,053
10
10
rC o n tl’ tal & C om m Nat 20.000,000 10,000,006 Began Aug. 1
taCoirnnerclal N a t io n a l.. 8,000,000 3,733,972 u l l
U ll
^Continental N a t io n a l.. 9,000,000 5,209,551
8
8
Corn E xch ange National 3,000,000 5,215,397
12
12
200,006
6
Drexel S ta te-----------------22,020
9
600,006
D rovers' D cp N ation a l.
377,552
10
9H
200,006
31,310
E nglew ood S t a t e . . . . . .
0
0
1 0 1 % 1031.,
10,000,003 10,534.793
12
First N a tio n a l.......... —
12|
150,006
10
10
First N at E n g le w o o d ___
177,944
500,000
P n v ate Ba
F orem an Bros li lt's C o . 1,000,006
396,273
8
Fort D earborn N ational 1,000,006
8
921,617
8
8
H ibernian B 'k ’ g A ss’ n . . 1,500,006
125,145
K aspar State B a n k ____
200,006
10
10
250,165 Beg l :s. M
84% 87%
La Salle St N a tion a l . . 1,000,006
452,391 10-F2
10
97 1013S Live S to ck E: ch 'g e Nat 1,250,006
04,726
4
95%
4
88
M onroe N atio la l.............
300,00v,
86
75
Tat Bank o f R e p u b lic .. 2,000,006 1,198,085
8
8
90% 91
N ational C i t y . .......... ...... 1,500,006
353,751
3
0
101% N ational P r o d u ce ............
76,395
250,006
3
93
North A v en u e S ta te ___
200, OOo
73,141
98
2>*
6H
50.00U
22,005
0
0
100*8 100% N orth Side S tate S a v ’ gs
200, OOU
16,207
P eop le’s Stk Yds State.
300,000
93,556
250,006
08,226
10038 103% Prairie N a tio n a l________
500,006
04,490
8
0
1001.1 102?p Prairie S ta te......................
Ua'lvvay E x ch a n g e-----250,006
2
22,806
None
309,000
109,421
100 100% S e c u r i t y .............................
South C h icago Sav in gs.
200,000
0
6
85,000
200.000
South Side S ta te ----------4.000 Beg. b us Sep
10 0 % 102%
State Bank o f C h ic a g o .. 1,500,006 1,6S2,S96
H
12
250,006
Stock Yards Saving*___
180.918
7 •
8
200,006
6
6
U nion Bank o f C h icago.
43,024
94% 94%
50,000
7.4P.
-Vcndek S t a t e . .
------0
None
w Am erican T ru st & Savs 3,000,006
8
392.018
0
80
86
806,154
7
7
uentral T r u 't C o o t I I I .. 2,000,000
0
U500.006
111,068
C hicago S av Bk & T r —
1H
0
6
84
C hicago T itle & T r u s t .. 5.0U0.006 11,319,100
80
4
4
Citizens T rust * Savings
50.00U
0,992
80
70
502,189 8 + 2
S+2
600,000
88
93% Oolonla T rust A Sav'ng*
y;34 90% u?Cont & Com m T r & Sav 3,000,000
114.207
D rovers' 1 rust-v S lvings
99
200,000
8
99
7H
1,500,000
191,036
3
Farwell T rust C o ---------92% 90%
13
First T rust <”< S a v in g s .. 2,500,006 2,964,148
G uarantee T rust & S a v .
200,000
1 ',554 Incorp orated
96%
Harris Trust & S a v in g s. 1,250,000 1,410,412
0
97
97
9^
98% 98% Illinois Trust & Savings 5,000,000 8,746,024 L6 + 4 10 r 4
200,00.
52,446
K en w ood T ru st & Savgs
0
6*4
36,287
200,000
6
101% 103M Lake View Trust& Savgs
103 1 0 1 % M erchants' L o a n & T rC o 3,000,006 5,813.218
12
12
750,006
M etrop olitan 1 rust& Sav
211,315
102 102%
6
0
Northern T rust C o .......... 1,500,006 2,271,139
8
8
200,006
04
N orth-W estern 'lr& S a v
92
61,701
6
0
500,009
8
100 100% Pullm an T rust & Savgs.
200,060
8
200,000
83
Sheridan T r K Sav Bank
83
23,013 Beg b us. JTy
S to ck m e n ’s t rust & Sav
200.000
5
5
28,92c
70’
Union tru st C o -----------1.200.000 1,102,581
8
71)
t8 + 2
W estern T’rus. .c S av in g' 1,000,006
05
0
0
05
207,424
W est Side lr& S a vB an ii
200.000
97,141
vVnodlnwn Tr& SavK an
t. rices
20 0 .0 0 0
44,844
6 1 6
* Hl.l and asked prices; no sales were made on this day. f June 30 (close ol buslnes > lor national banks and July l
t No nrlco Friday latest price tills wee'*, a Duo Dec. 31. b Duo June. A: Also 20'.:;, In stock, n Capital and surplus
with extra payments Q-F. s In addition the equivalent of 4% more came from First Trust & Savings Bank, t Dec. 31 1909.
First Tru3t & Savings Bank, w Commercial and Continental Nat. banks consolidated under name o f Cont. & Comm. Nat.
Tr. & Sav. under name of Cont. & Comm. Tr. & Sav. Bank. See V. 90, p. 1690; V. 91, p. 10, 252. x Extra dividend.
185
210
1 l6
Ask Lois
H ig/i No
High
tx>w
99% 9934
9 '% Mch’ U)
9073
90%
1 tKVa 94%
__
90% Sale
____
102 Sale
____
____
____ ____
____
____ . . . .
____ ____
____ 88%
....
97%
____
76
90
98
98%
____
Highest
Chicago Banks and Trnst Companies
Chicago Bond Record
BONDS
C H IC A G O ST O C K
EXCHANGE
W eek ending A u g . 5.
W estern
Range fo r Previous Year
(1909)
---------------—•
Lowest
Highest
Range fo r Year 1910
—
Lowest
K a. road s
C hicago C ity U y______ln o
Chicago & O ak P a rk - _ 1 0 0
D o pret _________ io n
Chic R y s part c tf ,,l " ___
C hic Hys part ett * 2 " ___
Chic Hys part ctf ’3 " ___
Chic Hys part c t f ” 4**___
C hicago S u b w a y ______100
Kails C ity R y & L t_ _ 1 0 0
Do p i e r .......... ......... 100
vletropol VV S K iev___ 100
Do p r e t ___________100
Sale
Sale
Sale
75
Sale
Sale
Sale
2%
Sale
Sale
20
61
8
7»J
65%
OOI4
250
210
130 *128
80
79
108
108
131 ►130
8 I4
00'.i
♦238
♦128
80
* ____
13U.1
ST O C K S
C H IC A G O S T O C K
EXCHANGE
Last
Last
Last
+70
75
Last
10
Last
10
Last
6
2%
23.1
25
Last
Last
70
18
*18
60
*59%
*170 185
*2 1 *
*170 185
*2 D
*0
♦70
75
*1512 10
*8% 1!)
♦1
0
♦211 21*
*
25
*
70
♦181** 22
♦59 “ GO
♦ ._
*__
♦7
♦40
Monday
Aug. 1
P etrod
Last Paid
%
An
.1-4
1910
D-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-M
Q-M
nk
Q-J
Q-J
J-J
y To
Q-M
Q -t
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Dec ‘09, 0
ltdy TO. 5
See note to
July TO, 2
July TO, 2%
July 10, 4
July TO. 1%
July TO 2%
July 1U, 1%
June30T0,3»
jno 3UT0,2%
July 10.2
'uly TO, 2
July 10, 6
V.9J, p.1277
'no au’ iu 2 it
AUg *10.1
juneJOTO, 2
July 10. 11,
July TO, 1%
July TO. 1%
July TO, 1%
July TO, 1
b ly ’ io . 2i2
Q-M lue 30T 0U *
Jan '0 3 .2
Q-J ,u ly TO, 1%
Q-J July TO. 2
t *09 V. 8 9 . n. 817
Q-J J ly TO. 3
Q-M Juns30T0;2
M N May TO, 3
Q-M Dec31 08.1%
Q-J July *09. 2
Q-J July TO, 2
QT July TO, 1%
Q-J July TO, 2
A-O A pr9,T 0,3
Q-J luly 10, 2%
See note w
Q-J luly 10. 2
Q-J July *J0, 1%
Q-M June30T0, i
1908 V.87 p.1133
Q-J July' 10,3
July TO. 4
Q J July TO, 1*4
Q-J luly TO, 1%
Q-J July TO, 3
Q-J July TO. 1%
Q-J July TO, 2
J^J July TO, 3
Q-J luly TO, 2
12 Tl 9 V 89,p.141
J-J July TO, 3
Q-M Jufyl2T0,2*
Q-J July TO, 1%
Juno 30T0.2
Q -l Julv TO. 2 ^
(openin'; ol business) lor State Institutions*
to be Increased, q Dividends are paid Q-Ji
t> In addition the equivalent of 1% came from
Bank and the Amer. Tr & Sav. and Comm.
BOSTON
STO O K E X C H A N G E — S tock R ecord, D aily, W e e k ly and Y e a r ly
S H A R E P R IC E S — N O T P E R C E N T U M
J u ly
U4H
98*4
♦____
120
*201
* __
* __
*70
30
M onday
Aug. 1
9414 9414
9314 *97
99
95
222
125
220
*123
*201
.
£___
220
125
210
210
140
140
21)2
292
15
15
74
*70
74
10 *
10
*30
37
*36
37
♦____ 142 *
142
____ ____ 1101* 111
_
____
120 120 *125 120
*107 1071a 1071.1 IO/I4
*85
861* *85
851?
Aug.
2
Aug.
98
95'8
977S *98'4
220
222
1221* 122
205 *205
140
140
¥
292
292
15 *
*70
74
*70
10 ¥
*36
37
*36
*
*
142
*1101*
*1101a
97*2
220
rl22
201
140
12512
120 126
107l2 1071* *107'2
8512 851* ¥ ____
*143.i 15!8
1434 1434 *1434 15's
15's
*70
*79
80
80
80
80
*79
150 151
ISO’ s 150'2 150 15038 150
140
3
P R IC E S
Aug
903,
9812
222
122
210
140
292
15
74
10
37
142
9 012
*9SU
2211*
+ 123
*205
140
* ___
187
27
107
100
¥
S a les
o f the
4
Aug
5
9012 917S
9612
9«'*
98»g *93
9 •2
2211* 222
222
125
120
125
205
210
205
140
140 ¥ __
292 ¥ __
292
L a s t S r ’e 14
Julv’ 10
L a s t S a le 70
Julv’ 10
L a s t S a le 8
April’ 10
L o s t S tie 30
Julv’ 10
¥
140
142
140
*11012
+1101*
L a s t S a le 270
Mcll’ 10
12512
12512 12512
12512 *125
107 107 *1071*
87
80
80
87 ♦__
L a s t S a le 204
Mav’ 10
1512 l rl*
1512
1512
151*
8H4 81
801g 8<)":?
80U
152
150U 150 150^4 151
140
L a s t S a le
187
187
*20
187
29
♦
I0712
105
*98:* 100
99i2 991?
1583,3 1593< 158 159'8
*891.3 90I4 89'4 89 14
*100
1003.1
*-11o
ir>3
118
US
,;.3l
*20
03 •2
*8l.i
10r’S
*5
*140
27
108
983.1
1573.3
*8912
187
27
103
98*4
161
9012
187
*25*2
¥ ____
*9834
I 6OI4
*89'.i
102
00U
187
* 251* 27
¥ __
107
381*
1003.1
5
1434
118
118
132
27
931*
81?
17*2
0
3812 40
100t2 1001*
*41 O 4'8
1412 14l2
118 1181.1
118 118
130 131
*20
27
931.4 03'2
8
8U
17
*10
0
*5
140 140
8
254
1 1012
79'2
91
216
*4
5
37
*35
61
02U
2 2 '2 22l2
*H 2
5
3614 3014
60*8 02
22
22
*412 5
38
33
60
031?
2214 221.1
¥
L a st S a le
40*4
*3012 401*
1001" 100'* IOOI4
434
■13,8 412
141*
1 412 151*
116
11 o' 2 117
110 117 *110!2
130 1313,3 13134
28
*27
*26
93I4 9433 93'2
81?
* 81.4
*8'4
*16
*1012
17
*5
0
*5
*13918 ____ *13913
8
8
251 255
139 139
80
80
91
91
*2141* 210
*5'4
51*
IOSI4 103U
100 100
13012 1301?
*
95
157 159
* 12I4
103 103
*30
31
30
*27
187 187
481.4 49
26'2 27
651,4 08",3
11312 1111?
101*
*15
180
*251*
180
27
1021*
*9934100
09
99
ItiOfy lt)l34 10234 1631*
90i2 90'? *90-8
0U2
88
88
88
88
88
*87
88
871.1 83
10012 10012 10012 1001* 10012 10012 10012 *100U 101
8
8
253 251
140 140
*79
80
*90
91
210 216
*5'4
5'2
5^2
109
IO.3I4 108U
101
100 100
131
130'2 130'*
95 *
95
155
157*2 158
*113.1 1214 1218 12'.t
102 102
102 102*4
*30
31
*30
31
*27
30
*27
30
185 180
185 187
4S12 48'2 4 884 48*4
27
27
27
27
6734 0734 60
67*4
*114 114
11234 114
*15
1012 1512 10
8
254
140
791*
*90'*
210
*5'.i
♦lOS'j
* ____
* ____
* __
¥
41
83
*100
88
IOJI4
41
S h a res
S T IC K S
BO STO N STOCK
EXCHANGE
R a n g e S in c e J a n .
43.,
15U
117
118
132U
28
94
9
17'2
6
____
R ange fo r P rev io u s
L o w e st
tiailrom ls
911* J ’ly 23
1,053 A tc h T od & Santa E c.100
97‘ 2 A u g 2
Do
p re t___________100
120
B
oston
A
A lb a n y ____ 100 218 J ’ no .0
188
42 B oston B le v a te d _____ 100 r, 122 A u g 2
27 Boston & C ow ell_____ 100 20J J ’ly .7
134 J ’na \j
48 B oston A M aine_____ ion
25 B oston A P r o v id e n c e . 100 r‘292 J ’ n e .’O
14 .I’ nelO
B oston Suburban HI C o s.
70 J ’ly l
8 Meh
B oston A W ore Klee Co .
30 J ’ ly _»
60 Clilc Jun e tty A U S Y . 100 140 A u g 5
111) A p r 2
Do
p r e f________ ..1 0 0
9
C on n ecticu t Ftiver___ 1011 265 Moll «
124 ? J ’ly 19
25 K itchburg. p r e f_______100
98 Ga Uy A e le c t r ic ____ 100 104 Jail 3
85 A p r 8
28
Do
pret___________100
202 Fen hi
IU 4 J ’ly 20
770 Mass K lectrlc C os____ 100
75 J ’ ly 1
190
Do
p re t___________100
149 A p r 28
402
lout? M en 11
2
N orw ich A W or prct-1 0 0 210 A l a y l .
17 Old C o lo n y _________ 100 185 M ay
25 M ay ,
3 Rutland p r e f_________ to o
1 Seattle E le ctric_______ 100 108 A u g 2
98*4 A u v 2
22
Do
p r e t__________ 100
2,791 Union P a cific ________ 100 15J 1.1 J ’ ly 20
8 ji4 J ’ly 20
120
Do
p re f___________100
102 A p r 22
88 _ 50
87 At a y 2
121 W est End S t________
99 J ’ly 6
Do
p r e f___________50
103
I I Ighesl
L ow est
123*8 Jan 0
98 Jan
10414 Jau /
100*4 Jan
234 Jan 10 226 JHII
13o3j Jan 6 121R Jan
22/ Feb -.4 2231* D ec
152 F eb 2 132l2 Jail
298 Jail 20 295 Hep
11*4 •*a 11
10 Jan 3
00'2 Jan
70 A p r 10 Alav
10 Jail 7
43 Jail 3
4(5*2 Ut'C
150 Jail 19 113 oau
H 6 N ov
113 Jan -6
270 Alcll 10 207 "»I1
133l2 Jan a I28i2 N ov
tb
Otiil
1) 2 A p r -9
7\)
i<aii
83 Jau L
201 M ay.ii
195 Oot
1U4 Jau
2.) A p r 14
Jail
88 A p r .
162*8 Mi ll 14 4153 N ov
140 Jbeb
2U0 Jail
190 U ee
/
20 A pr
35 Jail 3
91)14 Mch
110 Jan
971* A pr
100 M ch
, 1/ 2-s F eb
2041* Jail
103*8 J Ml 3
93l2 Alch
95'2 Mch 8
109 F eb 10
18/3 -! an 10
«8
102
Jan
O ct
33 14 Jan
94 Jun
14
14
6
5>2
.55 *.50
12U *12
1034
11
18
18
5034
50
535
520
10l2 *15
.07 *.00
0112 01
Gl2
C'2
7
7
.37 *.38
10
10
0.'8
0
3012 31
034
f>\s
lo 's
1034
*21g
2*4
1l
10.34
1012
10'4
3
3'4
7
VI?
3234 33
9*8
10
7
6'4
.50 *.35
.50
.48
19
18'4
5
*4
45
*4 112
19
19U
4
3*8
10'2 1 138
2312 221?
8
8
d2
6
.40 11.25
____ *3312
120 *120
13
*12
72
71
1714
17*4
1 '2 *11*
91*
912
141.1
51*
.55
13
11
18”>s
51
525
10
.07
03
01*
71?
H ig h e s t
125'g O ct
J ’ no
Apr
Dee
M ch
N ov
301 Jan
22 F eb
/ 71? N ov
14t2 M ch
6514 O ct
102 J ’ne
123 JT y
2/5 Alch
130 F eb
103 D ee
88'2 Sep
196I4 Jau
19 O ct
81 N o v
174-s J 'n o
149 A u g
215 Sep
.2001s Jan
40 J ’no
U /*2 Aug10/ A u g
218*,| AUg
U /14 A u g
1/5 A p r
UHig A p r
112 A p r
100
239*4
13a
235
153
124 M ch . H I / N’ O'143*8 F eb ?4
1251., F eb
2 / i 2 1’ cb
391* Mch 1 931* Jau
10414 Aloh 23
41* A p r
l l t 2 Jan /
1514 A p r
28 Jail 0
3*4 A pr
8 '2 Jan 11
125 Jan
15212 Mch
18i? Jan
71 M ch •!
/ Jan
HSgJa.i 3
100 JT y 14 245 Jan
lOUUJau 0 150*8 * e b
69 Jun
84i4 M ayib
89 J an
97 Men 18
2U2i2 Men
22012 F eb 2 Jan
0*4 A layio
08 A pr
124 Jail 3
93 Jan
115 Jan 11
138I2 Alch 1 1 12(5*4 Jan
76 I’ cb
100 Jau 6
200 F e b 1 1 108 Jail
9*4 Jan
1214 A p r 14
109*4 Jau 1U 100 Jau
201., Alav
34i4 Jan 3
24R Jail
31 M ay 0
1201? Jan
190 M ay 19
71*4 A p r 18 x 5 i Alcll
31 J an 1
281* Jau
413iJ F eb
90*4 Jan 3
125r'8 Jan 0 107 F e b
0ig Jail
18 Jan 0
76 M ch
SOU Aug
105 J 'ly
9-8 F eb
22i2 N ov
130 A p r
131 A p r
145is Sep
4U*8 Aug
108 J ’ne
121* Sep
^1>2 A ug
8I4 O ct
147'? N o v
/ 13,| D ec
13/s J ’ ne
200 A p r
173 A u g
83*4 D ec
97 A p r
220*4 D ec
3l4 O ct
126 O ct
118 O ct
139 Sep
108 O ct
199 A u g
12 Sep
I14i2 A u g
34 D ee
35 N o v
170 D ec
/i
O ct
3 H4 .Sep
91/g O ct
131 O ct
10 D ec
90 D ec
47<$ O ct
34 Jau
05 F eb
23 Alch
38is F eb
30 F eb
8 J iy
.45 F eb
17's J ’ ly
8 Sep
21*8 Pol*
90U M ay
585 F e b
29 F e b
.10 J ’ ne
68'? Feb
7 '2 May
7‘2 F eb
1 O ct
13 F eb
7*s J 'n o
9U F eb
9 F eb
8'4 Hep
6i2 D ee
10i2 Alay
02 O ct
90*2 N o v
40i2 D ec
64 D ec
61*4 Deo
18 Jan
.80 M ay
24 D ec
11U D ec
3358 N ov
110 Jan
095 A u g
44l2 Sep
.35 Jan
80*4 N ov
12 M ch
10*8 A p r
2 '2 Jau
19 A u g
1214 N ov
110i2 D ec
14*8 N ov
38 D ec
7*2 A u g
104
Mch
5?s J an
8*3 Feb 11
13 Jail
24 F eb 11
127*8 Mch 2 f H4 N ov
10
63
F eb 1
F e b 26
3
4012 Jan 3
53*4 Jail 3
60*4 Jan 3
1214 Jan 14
.70 Alch 28
241., Jan 13
18*4 M ay 26
2Si2 Jan 3
10^i Jan 3
085 Jan 3
38 Jan 3
.10»« Jan 10
85 Jan 3
9 5gMch28
1334 Jan 3
2i2 F eb 18
22l2 M ch J
12i2 Jan 10
11114 Jan 3
1178 Jan 3
30 Jan 12
578 Jan 4
90*4 Jan
1434
14
71*
*6
.55
*.50
12
13
10t2 11
181*
IS
SOU 51
525 525
10
*15
.07
*.00
0112 021"
7
7
7U
7'4
.38
.38
10
10
10'4
6
01.1
0'4
33
32
32/«
03.,
012 63,
1034 1012 101*
2*4
214 2l,j
1 [I .
11
22*8 A pr
1012
l>3t 17 '
17'i 1712 10*4 17
18
18
131* M ay 5 2812 Jail 3
438 Isle R oy a le (C o p p e r ). 25
2I2 Alav
3
31?
3
3
*-34
3
3
3
3
3 JT y 7
0*4 Jan H
300 K ew eenaw C o p p e r____ 25
712 A p r
71?
7
71.1
7
7 Aug 1
11 Jan 5
7U
7's
7U
7*4
7U 4.008 Kerr L a k e____________ 5
10 Jan
3334 361*
351.4 30
3512 353g 36'4
39 13,120 Lake C o p p e r_________ 25
28(2 JT y 15 94'2 Jan 22
35's
10*4 JTy
10
10
91
10
10
10
10 Jail 14
10
IOI4
050 La Salle C o p p e r_____ 25
9 J ’ly 23
0*4
414 M ch
87s Jan 22
7
7
0 '2
1)1*
73,
41* M ch 8
61*
7*4
582 Mass C on sol___________25
03.1 7lfi
.30
Apr
17gJan
13
.50 *_
.50
.60
M
ayllow
cr
_________
_
25
.50 *.35
.50 *___
.48
J
’ly
29
.50
100
31? A pr
.43
.45 .45
.38
6 Jan 7
.50
.48 *.45
•4S 4,790 M exico Cons M A S - . 10 .30 j ’ly 19
.43
12*4 F eb
2053
*103.1 20
19
205S 1,290 Miami C o p p e r________ 5
17 J T y 18 20 Jan 4
20's 20'g *1934 20'4
8i2 Jan 21
6*4 O ct
4I4 *4'g
5
414
4*s
*1'8
3/8 JT y 12
414
4'8
41.1
200 M ich ig a n -------------------- 25
45
40
40
75 Jan 22 z57>2 J iy
45
45
46
47
43 J Ty 30
45
45
245 M ohaw k_____________ _ 25
1<J3S 19
197g
1012 F eb
193,;
197g 1.233 N evada C o n s o lid a te d .
271* Jail 11
19
191.;
191*
10
17'>sJTy 6
5
4I4 *4
10*8 Jan 12
31* N o v
4
414"g
31? JT y 13
4
412
4
4 '4
550 New A rcadian C o p p e r .25
10
1014 Ill's
1012
12 Alay 26
lot?
9*4 Jan 17
0?8 O ct
101?
10*8 103.,
1012
804 Nlptsslng M ines____ _ 5
243.,
23»4 24 lg
18 J ’nc ,0
2412
2534 8.745 N orth B u tte _________ 15
50 Jau 3
24
2412 24
23
47 D ec
8
8
o*s J ’ly 13
257s Alch 7
8
8I4 *73,
4l2 M ch
8
8
9*4
860 N orth L a k e__________ 25
8*4
6
6
0
0
51* JT y 18
6
6-g
0
12*4 Jan 14
673
210 O jlb w a y M in ing_______25
5*4 N o v
5's
.40
.40
.40 *.35
.40 A u g 4
.40 K__
.40 *.35
1*4 F eb 1
.40 J ’ ne
.50
50 Old C o lo n y ___________25
35
35
35U
35
35
3514
291? J ’ue 15
*3312
65 Jau 3
47*4 Feb
60 Old D om in ion ________ 25
12334
1233.4 124
12834 12334
12334
114 J ’ ly 27
122 121
81
*12
13
13
13
. . . . *12
U J ’ ly 0
*12
13
21*4 Jan 3
19 D eo
25 Parrott (Stiver A Cop) 10
72
71
71
71
72
70
70
* / u 2 72
01 J T y 6 92 Meh 9
83 Dec
52 O ulncy________________ 25
173g 175,; ____
170t *173g 1,1.1 *1714 1/34
15*4 J T y 1 24*., Mch s
125 R ay Consol C o p p e r .. 10
*u*
1*8 *U 2
lSfi
l l 2 J ne30
11* N ov
15,3 *11*
1*8
234 Jan 3
1*8
200 Santa Fe (Gold A Cop) 10
13.1
93,
0l2 10
0-34
91?
9 '2
93.1
9U
10
8*4 JT y 0 18 Jan 3
1,752 S h a n n o n _____________ 10
13i2 F eb
DS
*U 2
Vs
*15S 1'3
IT, J ’ne30
Rs
175
3*4 Jan 19
17S
4034 40
40
4()i2 40'2 42
39
39
411?
4012 41'*
30 J T y u
1,502 S u p erior________ ______25
G8i4 Jan 14
34 Jan
8
81*
81*
S'*
9I4
8 '2
8'g
8
9
Sl2 2,213 Superior A B oston Min 10
S '2
7*8 J T y 14
13*8 N ov
10'2 1134
11
10t2 1012 101*
1H2
121g 3.608 S u p cn o rA P itts C o p p . 10
9 JT y 6
12/8 A pr
lo*s 103.8 11
lO’s J a u lu
62
51
51
52
61
*50
51
62
52
63
54
02 J iy
307 Ta na r a c k ____________ 25
78 Jan 6
45*2 j ’ no 22
134
*434
5
5
514
5U
5
5
5
0*4 Dec
5 '4
51,,
519 T rinity________________ 25
4*1 J T y 18
3434 *33l2 3U? *3312 34*2 *331* 341* *33'2 34*2 34
34
28 Jan
50 U m tedS tatcsC oalA O II 25
33 Alch .1
40*4 F eb 15
37
30l2 37
301.1 303s
3734 2,575 U S Sm elt R ef A M in . 50
30
39 F eb
36'2 3012 363.1 30
33'* JT y 20
05 Jan 8
47
4014 47
44 oan
47
4 / 1,1 47U 471.1 47
47
40'4 47
Do
p re f___________50
1.155
45*4 J T y 20
3
234
234
*212
3
3
4 O ct
3
3
5
27S 3
505 U ta h -A p ex M ining___
2'2 J iy 22
514 ,/an *
22
22
231?
23 14 237g 2.790 Utah C o n so lid a te d ___
23'* 24
2212 231*
37*4 F eb
22U 24
5
40 ' Jan 3
18i2 J ’ tie.iO
437^
4333 4338 41
4334
____
44
4312 4334
39*4 F eb
44
215 Utah C op per C o _____ 10
001* Jan 3
/(39*4 J ’ n o 30
21*
*2*4
3
3 O ct
212 Vy2 *23.4 3
27s
*234
91) V ictoria _____________ 25
5*4 Jan 14
2'8
31.1
2*2 J ’ ly 22
51•> *584
*7,34
5>2
0
0
0
0
0
43., A p r
6
63.1
0U
835 W in o n a _______________ 25
15 Jan M
110 110
n o
110
110 110
110 111) *111
110 n o
.50 Jan 3 139 M ch
50 W o lv e r in e ________ . . . 25
I
02
J
’
ly
12
]1*
* lt2
11*
1*4 *1*2
1°8 1*8
1*4
’.’ O ct
43.1
1*4
134
134
3*.i Jan l*
275 i V v a n d o t ____________ 2 4
H i J T y 20
* d e io re pay s ot asses, ts caued in lu o o .
* u . j autl asked prices, u i k i v s to c k . a Ass’ t paid, o E x -s to c k d lv . n E x rtguts. « E x * d lv. a n d
14
0
*.5 0
12*2
10'2
18
4934
*525
*16
*.0 0
61
*6'4
6'8
.35
*93.i
6'4
301*
*61*
10
*2
11
♦1512
*3
7*a
32
10
*6l2
*.2 5
♦ .48
1S'4
*4
45
19's
4
101*
22*8
* /l2
*0
*.2 5
*33-4
120
*12
*70
♦17's
1*2
938
1-8
89
812
101*
*50
4^4
•34
36
47
3
*21*2
43 <8
Y ea r
(1909)
421*
30 J ’ ly 27
4212
43
1.415 Am er Agrlcul G h38
cm ._ 1 0 0
983, M ch (.
Do
p r e f___________100
145
4*g A u g 2
478
5U
5'g
5'.| 1.109 A m er Pneu S e rv ice ___ 50
14 J ’ ly 15
15
10l2 1034
Do
p ret___________50
107g 1.400
11012 1171? 118
11812
882 A m or Sugar U elln____ 100 115 J ’no 0
118
Do
p r e f___________100 115 J 'n o 6
1171,1 118*4 118
257
1311.1 1313, 13134 1321,1 6,318 A m er T clep A T e ie g ._ 1 0 0 127R J ’ ly 20
20 J ’ ly /
L a s t S a le 203.1 Julv’ 10
A m erican W o o le n ____ 100
91 J ’ ly l
93'2 04
93t2
403
Do
p r e l_______..1 0 0
94
7 M ch 18
*8'4
0
30 Atl G ulf A W I S S I . . 100
10 M ayiu
16
10
82
Do
p re f___________100
*1012 171"
L a s t S a le 5
July’ 10
4 '2 J ’ly 28
. 10
Boston Land___
*139'g
*139'g
60 Cum b T cle p A T e le g .1 0 0 138 •JT y 28
0331 Jnnp'lO
0j 84 J ne 1
D om inion Iron A S t e e '..
8
83g
8I4
Sl4
7‘g A p r 14
S's
GOO East Boston L a n d _____
81.,
255 255
255 255
255
255
190 10(1Ison E 'e c I l b i m . . 100 .239 Ja 26
140 140
140 1401* 141
141
125 General E le c t r ic .. . .1 0 0 135 J ’ly .6
/0 l4 Eeb 8
80
801?
80
8OI4 8OI4 SO' 1
074 M assachusettsGasCos 100
89 M ay 10
9U 2 9H*
9H* 9134 91*4
01<*4
Do
p re f___________100
203
*2141*
*2141* 210 *214I2 210
13 U ergenthaler l.ln o ___ 100 2IH 4 Jc.u 4
2*4 Jan 3
57g
*5U
5"g
634
5-8
* jl 4
30 M exican T e le p h o n e .. 10
*108
108
108
58 N E C otton Y a rn ____ 100 108 A u g 6
*107*3
99*2 A u g 3
9012 lOo' ¥ __
100 *100
Do
p r e f................... 100
123
¥ __
13012 130*2 130U 130!2 lao’i*
03 N E T e le p h o n e _______100 1230*2 A u g 1
¥
91 M en .2
P acific Coast P o w e r . . 100
L a s t S a le 95
95
Juno’ 10
158
158 159
153 159
159'2
320 Pullm an C o ___________ 100 153 J ’ne3u
lli.i Jau 16
*12I4
30 R eece B u t t o n - H o le .. 10
*12'4
*121*
109 Jan 24
1021* 10234 102*8 1023g 10212 1021*
235 Sw ift A C o ____________ 100
28 M chJu
30
30 1’o rrln g ton , Class A . . 25
*30
30
31
30
31
27 Jan la
*27
Do
p r e f________
25
30
28
28
5
*27
30
187
188
263 U nited F ru it_________ 100
1135*2 Jan 15
186 1S712 187 187
61
40*i J ’ly 9
4S34 49
60
3,657 Un Shoe Mach C o r p ._ 25
487g 60
267g 2 /
27
27
2514 J ’ ly 0
153
Do
p r e f__________ 25
27
27
oi3g J 'ly 20
68'.i
6 734
08/g 10,420 U S Steel C o r p ________ 100
071s OOU 07
Do
p r e f__________ 100 i l l J 'ly 20
115 11512 11412 11434 115U 115U
643
1C12 *15
14 E e o H
*15
101? *15
1012
150 W est T elep A T e l e g ..l 0 0
85 ¥ ____
85
85 ¥ _ _
85
6
86 Alch 29
Alining
5
5
51*
5
5
5
25
4 JT y 13
270 A d ve n tu re C o n ..
39
39
33
39
39
31 JT y 13
3912
25
554 A llo u cz ______________
01
02
621?
62
65i4 JT y 12
63'2 19.273 A m algam ated C op per 100
03'8
*21
*21
22
iy i2 J 'ly 20
22
155 A m Zin c Lead A S f n . . 25
377q .Tul v'in
15
1,592 A rizona C o m m e rcia l. 25
12*4 M ay 4
U*4 1434 1414 1412 14*4
5 J Tie 30
O'2 01* +5i2 612
0
0
305 A tlan tic _____________ 25
.5.) M eh u
*.50
.55
L a s t S a le .55
July’ 10
B onanza (D ev C o )___10
10 M ay 4
*12i4 13
133g
127S 13
13
5
995 Bos ACorbCopASII.M g
OI4 Full 8
11
lli4
113g
12
11
2,195 B utte-B alalclava C o p . .1 0
11'4
15>g J ’ ne30
183g 181?
19
1UU 1,176 Butte C o a litio n _______ 15
1S12 19
41*4 J T y 12
61
5212 1.312 Calum et A A r iz o n a .. 10
501* 5112 50i4 60'g
525
631
609 J ’ly 0
520 525
525 525
37 C alum et A U ecla ____ 25
131* J T y 15
16U
101* 1012
1012 161? ¥ ___
85 C en ten nial____________ 25
L a s t S a le .07
July’ 10
.07
* .06
Cons M ercur G o ld ____
1 .01 JT y 0
62
58 F eb 17
63
63! 2 1,347 lopper R ange Cou Co 100
62
02!2 02
0 JT y 21
7
7
*G7g
7
*6*4
7
220 D a ly -W e s t____________ 20
7
C 4 JT y 13
75g 1.290 East B u tte C op M ln ._ 10
71.,
7'8
7U
7'4
.35
.35
.05
.25 J ’ ly 20
.40
*.35
.35
620 Elm R iv e r____________ 12
9'* J ’ ne in
10
11
IOI4 10'*
1()12 1M*
1,550 Franklin . . _________ 25
0 JT y 20
O'g
6*4
O'*
03s
65g 3.930 G iroux C o n so lid a te d .
5
0'8
3H*
*32
321S 31
321?
32/g
20 JT y 0
300 G ranby C o n s o lid a te d .lO o
67g
7
7
o '2 JT y 29
0*4
67s
1,044 G reene C ananea_____ 20
0*4
17
17
171.,
171* 1.145 H an cock C on solidated 25
14*4 J iy 19
171,1
1712
+2
2 J ’n o i2
2's
110 H elvetia C o p p e r_____ 25
*8
2*4
10012 100U IOOI4 10034 1003,
1
33U F eb
c7*4 D ec
9*s Aug
/ 4I4 Deo
19'g Deo
18'4 M ay
1 D ec
0 N ov
2’8is D ec
1314 M ch
70is Jan
30 N ov
8*8 D eo
13 Sep
85*4 Juil
IDs A u g
1 11* D ec
.90 D oc
59 A u g
170 D eo
30*4 J ’no
99 J an
2/8 Jail
177g Jan
0 / D eo
18*2 May
18*2 JTy
90 F eb
17*3 Jan
30i2 N ov
59 Sep
54 O ct
6*4 Jan
49*4 N ov
00 N ov
0 Deo
(13*4 D eo
158 A u g
4 Jan
rights.
A ug. 6
1010. |
Boston Bond Record
W e e k 's
Rang
„e or
L a st"H a le
BO STON ST U C K E X <’ H ’(4 i£
W eek K nuim . A u gu st 5
R la
s t .i k
Low
3 0 5 D>
B O ST O N S T O C K K X O H ’ G E
W eek e n d in u a u g u s t 5
2-3
R ange
l o S 1 S in c e
J a n u ary
l
H ig h
A m A e r io u l C hem 1st 6 s ..1 9 2 8 A -O .....................1 0 0 «8 lt'O ^
A m 'T elon A l e i con tr 4s. 1929 j . j .
89 *4 sale
89*4
8 9 H,:
C on v ertib le 4 s . ................. 1938 m - s ! 9 9 * g l0 0
99 Hi
99 Hi
A m W rit Vapor 1st s i 6s * 1919 j . j 1 ..................... 87 *4 J ’ ly MO
A m Z in c D A S d eb O s .... 191.) M-N
96 102
100 J ’ ly 10
A riz Com Cop 1st c o u v OS 1918 M S ....................... 162 F e u '*.0
A te n T o p A s b e g e n g 4 s .. 1095 a -OI 97*4 08*4 98*9 J ’ l y ’ 10
A d ju s tm e n t g 4 s ___ .J ’ ly 1995 N ov
89
91
SSHiJ’l y 'lO
S t a m p e d .................J ’ ly 1995 M-N
89
91
O t ^ M a r ’ lO
0 0 -y e a r c o n v 4s.............1956 j . d
......... 102 Hi J ’l y ’ 10
10-yoar c o n v 5 s .............1917 J .D
104 ......... 117*9 F e u '1 0
A tl G lut A W 1 S S D ines 5 s .’ 59 j - J
03
G3
G3 Sale
......... 110 F e b '0 4
B o s t o n E le e i l.C o n s o i 6 s . 1924 M-S
B oston •& D ow ell 4 s........... 1 9 1G J - J
......... 100*4 M ar’09
B o s to n a M aine 4*9*......... 194 4’ J -J
....... ...............104 Hi O ct ’08
B os ton Term inal 1st 3*as.l947i F-A .......................112 Hi Jan ’0 3 1
B u r * M o K iv eon s G s ___ 1918 J - J ......................'103 F e b ’ io !
B u tte A Boston 1st Gs-----1917! A-O ......................TOO J ’ n e’Ol
B u tte I S le c * T o w I s t g 5 s .l 9 5 1 J-D ......... 100 |...........................
Cedar B ap * Alo B 1st V s.lO lO M -N ...................... 113 Hi M av’ JO
C en t Verint 1st g 4 s ..M a y l 0 2 0 Q -F
8 6 Hi 8 6 H11 85 J ’l y ’ 10
O B A U low u D iv 1st 68.1919 A-O
11103 o c t ’ 07
Io w a D tv 1st 4 s ................1919 A -O
98Hi J ’ n e’ 10
D ebenture 6 s ..................... 1916 M-N .....................1 0 1'"*4 M a r’ 10
D en ver E x ten 4 s .............1922 F-A
97 *a......... 99*8 Feb TO
N ebraska Exurn 4 s ........1927 M-N
99 M ai TO
B * 8 W s 1 4 s ................... 1921 M-S
99 O ct ’ 09 ,
Illin ois D iv G tjs................1949 J - J
__________ 80*% J ’ly TO
Ohio j o B y A BtK Yds 6 8 .1 9 1 5 J-J 1 0 0 1 0 0 *» 1003s 1 0 0 *8j
Coll tru st refu n d in g g 4s 1940 A-O ..................... 1 89
89
Oh MU A St P D u b D Gs.. 1920 J - J ..................... 116*2 J a n ’ 10 1
Oh M A S t V W is V div G sl920 J -J
...................... 1 2 0
F e u ’05
Chic 03 N o M ica 1st gu 5 s . l 9 3 i M-N ..................... 99 M ay’ 10
Ohio A W M id i gen 6 s ....1 9 2 1 J -D .......................100 J ’ ly TO
C on cord A M on t rains 4 s .. 1920 J-D ..................... 01 D e o ’ 07
Conn A Pass B 1st g 4 s ... 1043 A-O ....................... 112*4 Jan ’ 03
Cudaliy T a cK (T lie )ls t g 6s 1924 M-N
99 100 100*4 A u g’09
C u rrent D iver t s t 6 s ......... 1927 A-O ..................... 99 A n r ’ 10
D et G r Kan A W I s t 4 s . . . l 9 . t A-O ..................... 89 M ar ’ 10
D om inion Coal 1st a I o s . .1940 M-N
98
93*a 90H iJ’ u e’ lO
F lteilb u rg 4 s ......................... 1915 M-S .......................103 *e A p t ’ 06 ,
4 s .......................................... 1927 M-S ..................... 90 A p r ’ 0 8 .
i ’ rem t Elk A M o V 1st G s..1933 A-O ...................... 133 M ar’ 09
U nstam ped 1st Os........... 1933 A-O ....................... 140 A p t ’ 0 5 .
G t N ot O B A y c o ll tr 4s 1921 J - J ,
94 78 s a le
94 7a
U0 I4
B e g is tered 4 s ..................... 1921 O-JI
9 4 * 4 ......... 94®a
94 8o
329
i'r ic e
F r id a y
A u gu st 5
Bui
.
Illin o is Steel deben 5s
1913 A-O .......... 99H
l a F alls A S io u x ( T ..1917 A -O
K an C Clin A Sur j 1 925 A O
_
*92** *9*3*
K a n O F tS A U u lt .
. . 'l y i l l j '- D
K an C F t S c o t t A
...1 9 2 8 M -N
m *‘ "I"
K an C M A B g e n 4 s ........... 1934 M-S
91*2 92
A s s e n te d in co m e o s ___ 1934 M- S
91 ........
K an C A M By A B r 1st 6 s l9 2 9 A-O 101 104
M ain e C en t co n s 1s t 7 s . ..1 9 1 2 a -0
C ons 1st 4 s .................................. 1012A-O
M aro H ou gh A O nt 1st G s.1925 A-O
M ass G as 4*28 .......................U 139 j j
M icli T e le p ls t 6 s ................. 1917 J- J
M ln n e G en E le c c o n g 5s 1929 j . j
N e w E n g C ot Varn 5 s___ 1929 F-A
N e w E n g T e le p h 5 s ............ 1915 A-O
5s..................................................... 1910 A-O
N e w E n gla n d c o n s g 6s ... 1945 J . j
B oston T e rm 1st 4 s .........1939 A-O
N c w ltiv e r (T h e) c o n v 6s . 1934 j . j
N Y N H A H con d eb 3 HiSl96G J - J
C o n v d eb Ga ( o t t s ) .......... 1948 J .J 131 133
Old C olon y gold 4 s ...................... 192 41F-A
O reg B y A N av co n g 4 s ..l9 4 G ; J-D
O reg SU D ine 1st g Gs........1922 F-A
T o r e M arqu ette deb g G s.. 1912 J . J
B e p u b V a ney 1st s i Gs#.. .1 9 1 9 J - J
B utland 1st co n ge n 4 H»s. 1941 J - J
Butland-C anailian 1st 4s 19491 J - J
Savannah E lec 1st c o n s 5s. 1952' J - J
Seattle E leo 1st g 5 s ......... 1930 F-A 103 104
S lia n n o n -A n z 1st g Gs___ la 19 M-N
95 Sale
T e r r e H a u te E le c g 6 s ....1 9 2 9 J nJ
T o r r in g to n 1st g 6s ........... 1918 M-S
U nion T ao B B A 1 gr g 4 s . 1947 J - J
20-year co n v 4 s ................. 1927 J . J
U nited F ru it gen s t 4 *98.1023 J . J
96 Bate
U S Coal A OU 1st 8 f G s.. 1938 M-N 134 142
U S Steel C orp 10-G0 yr 6s . 19G3 M-N
W est E n d S tre e t B y 48___ 1916 F-A
G old 4 *2-4.............................. 1014 m -S
G old d e o e n tu re 4 s ........... 191G M-N
G old 4 s ................................. 1917 F-A
W e ste rn T elep li A T e l 5 s . 1932 J .J ........... 95*2
W isc o n s in Cen t 1st gen 4 s l9 4 9 J - J
101
103
103
113Hi 114
85
88
* 9 8 *2 *98**2
101*2 101 '*4
99 *« 99*4
99
90 H,
102*8.... .
,..|| 80 *s 88 «s
6 IOO 1 0 l s4
5 89
92 78
. . 116*2 U 6 H1
I 99
100*2
104
100
99
99
89
90
9GHt 08*4
12 94*a 9 <*t,
10,| 94Hi 9GHt!
N o t e —B u yer pays a oorued in te re st In a dd ition to tho p u rch ase p rice fo r aU B o sto n B onds.
W e e k 's
R ange or
L a s t H a ls
R ange
S in c e
J a n u ary 1
Lou
Jiign .to L o a H i g h
99*2
99 8
1 | 99H) 101
117 A p r ’ 08
9 3 ‘s "7
99*4 F e b ’ l
. . . 99*4 99*4
113 J 'n e T o . . . '1 1 3
118
93 J ’l y ’ lo ...l| :*3
93*2
91
91
12 I 91
92
103 M a r ’10 . . . 102 103
1 13®g N ov ’ Ou
101*4 Sep T)5 " j " " " * " " *
115 J ’n e ’08
97
97 *2
99*4
0 , 97
99*8
102 >2 A ug’ 04
101
101 H.
2 100*4 105
103 F e b ’ 09
100*2 s e p '08
93*«MatTO
99*8AprTo ...i 09
77 A p r ’ 10
77
79*2
98*9 M ayTO
98*2 102
131 J ’l y ’ lO
131 135
101 A p r *09
08 7s Sep ’ 09
11 6 *s 110*8
110*8 F eh T O
09 .tla i’ l o
98*2 99
105 D e o ’ 08
107*2 N o v ’ 0 5
102 M a i’ 02
7bHj A p r T j
78*2 78*2
103*2 M ar’ 10
103*2 104*4
90
95
9 / A p r '07
1U03, M a r’ 10
100 >4 1*10*4
9 9 7s A p r TO
99 7s 10U«s
108*b A p r ’ 10
1*18*8 109®8
95*4
9G
13 95*4 9G»s
153 160
155 M a r’ 10
1 0 l* 2 l0 5 * i
102 H. J ’ly 10
99*4 J ’ l y ’ iO
97
93*4
101 34 J 'n e ’ 09
08 *2 A pr TO
98*2 99**
97
97
1 I 97
99
95
95
2 94*2 99
94*8 Jan T o ... i 94*18 94**
* N o p n o e F r id a y ; latest bid and asked.
88 110
'J F lat price.
PhiladelD hia and B altim ore S tock E x c h a n g e s — S tock R ecord , Daily, W eek ly , Y e a r ly
JHIiare Trices—Not Tor Centum Trices
S a tu r d a y
J u l y JO
.....
M ond ay
A u gu st l
lu e sd a u
A u gu st 2
.....
’124*9 124*9 *124 .....
10
19
•19
*18*9 .....
..... •38 42 *30
42
14 7s IP's 1478 147e *14*4 15
4'2
41 Hi
11*4
47*4
23
GG78
*8
17 Hi
•88
71*9
637m
43
14a8
17-*,
67
*8 *6
43
81^
W ed n esd ay
A ugust 3
1
....
124
20
41
*143,
'1 h u r s d a y
A ugust 4
87
87
1*24 124
*20
*40
4-i
* 14*4 15
124
20
41
16
42
*41*9 42*9 *41*9 42Hi *41*9 42 Hi1
42
41*8 41'f, 41*8 42
41*4 41*4
U*4 * il
U ‘4 *‘11*1 11*9 11*4 117
47*4 4GJ4 47 8 4G Hi 47*9 47*9 48
23 ‘9 *23 •23*9 24
‘23T 23
-25
G8
G8
G8
68
68
69
70
«*4 -7
•7
8*4 *7
8*4
17*9 17
17*9 17*4 17*,' 18*8 19*9
89
89
hi)
1
88 Hi
89H» 80*4
73*4 70
72
70
73 I 72*9 73*4
03H. G3 G37s G3‘ *i8 i:4
63*, G3
43 *8 42*4 •13 > 42*9 43 ; 43
43*8
14 Hi 14*8 14»8 14*8 I4H» 14%
Id
17*4 18
18
IS | 17*8 18
Ob;<io' 67 <*7*io 60*9 G77s 08
68*9
8
8*4
8*4 *s*ia 8*4
43
43
4*2*9 4--*4 43
427» 42'.
817g 81*8 81*9 b l 7s 82*s| 81*9 8178
T i l 11.A D E I .I 'll IA
R id
A sk
i n a c t iv e .sto c its
1 .......
! .........
I .........
*
“8
......... ......... :
1 .........
1 45
" 40 "
> 7V)»* 80
1
1 ........
i .........
i ......
\ .........
» ......
in s u ra n ce Co o i N A . . H 1 13^4 10*9
1 ___
'
7*9
8
1
|
*41 *9
41*9
*11*4
47 Hi
70
8*8
19
*89
73
63*4
43*4
14 '*8
18
68
87,
43
81<*s
42H)
42 *s
11*9
47*9
26*9
7 i78
8*8
la°8
90
74*8
Gl*«
43*4
14"» !
i8*r
68 *9:
8 *8
43*9
81*8:
S a le s
A C T IV E S T O C K S
------------------ 0/ t h e
tY id a y
|W eek ( F o r R o n d s a n d in a c tiv e
A ugust 5
*65
*86
•124
*20
21
*40*9
69
88
*10
*41*4
*42
*11*4
47
26
72*8
*7 Hi
19*«
89
74
a;U3Si
*13
14*9
1**;
68 H.
8*4
43*9
81*9
T t U D A D K C T t ll A
U E x -righ ts.
||$15 paid,
40 M ar21
80 M a r ll
115 Jan 8
1 8 * W ’ly 2 9
41 J ’ ly 2 7
l 2«sM ay 3
H ig h e st
I A sk
114
R a n g e t o r J g r e v io u s
F e a r ( m in t j
L ow est
| H ig h est
60 May 23 30 M ar 48 D eo
90 J ’ly 14 76 Mari 89 M ay
132 Feu 28, 100 Jan 1 2 1 S D eo
2 7 *4 Ja n 3 1 1*4 Feb 28*« ueo
47 Jan 8 22*4 Feb 48 D eo
15 S J ’l y 15
9*4 Feb 14 Hj D eo
16*4.uar18
81 *9 82
9 7 S 98*4
26 Dec 43 Jan
44 »a J ’ly 48 D eo
3 2 7a Feb 49 ®8 Deo
K iel's Jan 12 ** J ’ ly
43 Jau 63 J ’ ly
15 Hi J an 33*4 D eo
53 Jan 84** D eo
0 S Jau i d
Apr
14*4 Jan 33 *8 May
06 Jan 125 S D eo
67
F**b 113 s e p
03 ** Feb 7 5 •'’a Sep
40 >9 Feu 5 1 7s D eo
11 *4 Feb 14 *« Deo
24 H, Jan 3 6 Hi A pr
6 0 S Feu 86 *4 Sep
6*4 Jai. 7**ia M ar
5 0 78 Jan 0 8 78 May
84®8 Ala) 95 Hi D eo
s
P IIID A D E D T U IA
j R id IA s k
B A D T I .I I O U E
| R id I A s k
.
Pli A B ead 2d 6s ‘3 3 . A-O
C h a s C ity B y l s t 6 s ’ 2 3 J -J 100 .........
Con M 7s 191 1........J-D ib T * i i b T 'l Chas B y G A El Os ’ 99 51-8
02*9 93>a
E x im p M 4s g ’4 7 .A-O
Chart C A A 2d 7 s ’ l 0 A-O
T erm in al 6s g 1 9 4 1 .o - F ii*5** ii'sH i C ity A S ub 1st 5 s .. ’22 J-D iiiT T io7**
P W A ii col tr 4s ’ 2 1 .J-J
100 1 C ity A S u b (W a s ) ls t 6 s ’48
P ortlan d B y 1st 6s 1930.
Coal A 1 B y 1st 6s ’ 2 0 F-A
98 jlOO
ltoch lty A D co u 6s ’ 54J-J
98 1 Col A G r u v lstG s.191G .I-J
Spa n ish -A m I r 6s ’ 27 J-J 100 :100*9 C on sol G as 6s . . . 1010 J -D
U T r a c l u d gen o s ’ ll).J -J
6a........................1030 J-D i u 7 3« i o 3 *
U 11 B ys T r o ils 4s’ 49J A J *73**1 •74 " G a A A la 1st con 6s ’ 46J -J
102*9
U nited B y s I n v l s t c o l l t r
G a C a r A N l s t o s g ’ 2 0 J -J 103 H, 104*4
.
.
.
.
.
.
1
s f u s 1926................ M -N
G eorgia P 1st 6s . . . ’ 22 J -J 108
79
112
U T r a c P it gen 6s ’97 J -J
103
G aSo A F la 1st 5s 1046J-J 105
106
W elsb aeh s f 5s 1 0 3 0 .J .D
87*
87*9 G -B -S B rew 3-4s 1051M -S
W lk s-B O A E c o n o s ’55J-J
2d in com e 6s 1051 M -N
B A D T D H O ltE
K u o x v T ra o 1st 5s ’ 2 8 A -0
I n a c t iv e StocUH
D akeB El 1st g u 5 s ’42M -S
A la Oons O oalA Iro n . 100
32
M acon B y A D tls t 5 s ’ 53 J-J
P r e t ............................. 100
67
M em ph is s t 1st 6s’ 45 J-J
A tla n ta A C h a r lo t t e ..lo o
M et 8 t( W a s h )ls t5 s ’ 2 5 F A
A tla u Coast D (C on u) 100 io5** 225** M t V e r C ot D u c k 1st o s .
C anton C o ................... 100 l o o
N p t N A O P 1st 5s'38 M -N
C ons C ot D u ck C o r p ...6 0
4
N o rfo lk St 1st 5 s ’ 4 4 ..J-J
6
P r e f e r r e d ....................50
N o r th C e n t4 H is l0 2 5 A -O
17
20
G e o rg ia S ou A F la. ..1 0 0
30
S eries A 5s 1 0 2 6 .. ..J - J
1st p r e t...................... 100
S eries B 5s 1 9 2 6 ___ J-J
92
05"
2d p r e f....................... 100
70
P itt Un T ra o 6 s 1997.J-J
G -B -S B r o w in g ........... 100
2
P o to Val 1st 6s 1 9 4 1 ..J-J
1
B onds
Sav Fla A W e st os ’34 A -()
R r ic e s a r e a l l “ a n d
Seaboard A D 4s 1950 A-O
in t e r e s t."
Saab A B oa n 5s 192G.J-J
A n a co stiu A P o t 5 s ........... 100 100*9 S outh B ou n d 1st 6s ..A -O
A tl A Ch e x t 4 His T O .J-J .........
U E l B A P lst4H iS’ 20 M -N
A tla u C D B B 4 sl9 5 '2 M -S " 92*4 "93**i U n it y A El 1st 4 s ’40 M-S
A t l C oast D( C t)otfs 5s J-D 103*a 105
In c o m e 4s 1 04 9........J-D
C tfs o f in d e b t 4 s ....J - J
F u n d in g 6s 1 9 3 6 ...J-D
6-20 y r 4s 192 5......... J-J
88
V a M ld 2d ser Gs ’ l l . M - S
B a ltC P a s s l s t S s ’ l l M-N
99*4 100*4
3d series 6 s 1 9 1 6 ..M -S
B a lt F u n d g 6 s .l9 1 6 M -x \ 104
101*9
4th ser 3-4-5S1 9 2 1 .M-S
E x ch a n g e 3 *93 1030 J-J
93
6th s e n e s 6s 1 9 2 6 .M -S
93H.
B alt A P 1 st 6s m 1T 1 A-O 101
V a (S tate) 3s new ’ 3 2 . J-J
B S P A O l s t 4 *98 '6 3 F -A
02 *, 92 Hi
Fund d ebt 2-38 1991.J-J
B a lt T ra o l s t 6 s . . ’ 29 M -N 105 107
W e s t N O con 6s 1014 J-J
N o B a lt D iv 6s 1042 J -D 107
109
W e s Va C A P 1st O g ^ l J-J
C en t’ l B y co n o slU 3 2 M -N 106
W il A W e ld 5 S ..1 9 3 5 .J -J
E x t A Im p 63.1932 M S
100H
i 101*9
105 107
102
102 *9
.........
102*4
bOHi
60*4
100*9 101*9
108
106*4
i o o ” 100*9
148
"95 H 96
102 Hi
102*
74*9
L ow est
8
J P rices a r e a l l “ a n d
in t e r e s t."
.......
B a lt im o r e
......... |Oon. G as EL D. A P o w .1 0 0
2)
D o p re t..................... 100
195,N orth ern C e n tr a l.......... 50
600 Seaboard (n e w )............... 100
100
D o 2d p r e l.............. 100
200 U nited B y A E le c t r ic .. 60
Tliilndelpliiu
A m e rica n C e m e n t......... 60 18 J ’ n e l7 28 J a n 3
42
29 A m erican H a llw a y s .. . . 60 4 1», J ’ ly 21 60 Jan G
42 *2 1,519 Cam bria S t e e l................. 60 40*4 J ’ly 2 G 53 S Jan 10
n s
24-. E le c tr ic Co of A m e r ic a 10 11*4 J ’fy 39 1 2 S Jau 14
982 E leo Storage B a tte r y .. 1oO 42 J ’ ueoo 64 *4 M arl 1
47 S
27 S 6,243 u e u A sp n a it tr c t f s ___ 100 19 s J ’ly 20 34*8 Jan 29
73*4 2,r.iG
D o p r e f t r o t f s ___ 100 64 J ’ ly 2G 84*4 j a u 10
2d K eyston e T e le p h o n e ... 60
7 J ’ly 6 13 « a n in
10 S 3 ,0 3 . Dake s u p e r io r C o r p . . . .100 1 6 S J ’ne-iu 2 8 ‘4 Jau 3
89
79 Denigli C A N a v t r c t f s . 60 86 J ’ne3o 123 J a n 7
74*8 30,094 l.e h ig h V a lle y ................. 60 62 >9J ’ly 27 121*4 M a r ie
0 3 'v 2,129 P en n sylva n ia B i t ......... 5u 61l l i« J ’i y 2t GU*18 M ar 9
43 S
843 Vluladelp’ a C o (P it is u ). 60 42 J ’ ne3i 63*4 Jan
14*4 1,6 17 P h iladelphia E iectricjl. 25 I 1 3 7a i*00 b
18*4 1,609 Vhila Bapld T r a n s i t . . . 50 15 A p r 28 2b Hi Jau 3
09®b 8,705 B e a d in g ........................... 60 6 0 S J ’ l y 2i 86 Feb l
720 T on opah M in in g .........
8*4
1
9*l 0 M a yl3
b S J an 2
43*2 1,435 U m o n T r a c t io n ............. 6t 4 l* 8 J ’ ly 2t 52*4 ja u
8L*4 2,032 U nited G as l m p t ........... 6c 79 J T y 2 c 95*8 J a n l o
R id
106*9
S to ck s see b e lo w i
20
B onds
A lt A DV Eleo 1 S s ’ 33.F -A
A m G as A E lec 5 s ’07. F-A
A m Bys co n v 6s 1 91 1. J-D
A tl City 1st 5s g ’ 1 9 .M -N
B e rg A E B r w 1st 6s’21 J -J
B e tb le Steel Os 109 8.U -F
CI100A M o 1st 5s 1949 J -J
C l i c k A G gen 5 s T 9 J-J
Col S t B y 1st co n 6s 1032
C o u T r a o o f N J 1st 5 s .’ 33
E A A 1st M 5s 1020 M -N
E lec A P eo T r stk tr ctfs
E q 11 Uus-D 1st g 5s 1028
Indianap olis B y 4s. 1033
In te r s ta te 4s 1043 . .F - A
D e b ig h N a v 4*as T4.C4-J
B its 4s g ........1 9 1 4 .Q -F
"*8*4
G en M 4 His g .l0 2 4 .(J -F
P re fe rre d v t 0 .
12
T f * Leh V C 1st 6s g ’ 3 3 ..J -J
16*9 17*9 Deli V ex t 4s 1st 1 0 4 8 .J -D
2d 7s 1010.*............... M-S
M in clnll A S c lm y l 11..50
C on sol 6s 102 3........J-D
N H aven Ir o n A S te e l.5
A n n u ity 6s ............... J-D
U on co n s 4s 2 0 0 3 .M -N
N orth P e n n s y lv a n ia ..60
Deli V T ran con 4 s ’35J-D
Pen nsyl B B r e c e ip t s ___
: : : : : : N e w Con G as 5s 1048 J -D
P en nsylva nia S a lt........00 11)8*4
N e w a rk Pass co n 5s 1030
P en n sylva n ia a ie e B .1 0 0
N Y Pli A N o 1st 4s ’30 J-J
P r o t e r r e d ................... 100
In c o m e 4s 1 0 3 0 ...M -N
Phila Co (P itts ) p r o f ...6 0 'V i '* ‘ Va** N oO h ioT ra o e o n o s’ lO.J-J
fh il G orm an A N o r r is .60 147
P en n gen Gs 1010 . . . V ar
'h ila T r a c tio n ................60
82*9 83Hi
C onsol 5s 1010........V ar
tail w ays G en era l........10
Pou n A J ld s t e e l con Gs.
lusquon Iron. A S te e l . .6
Pa A N Y Can 5s ’30. A-O
’ ld ow a ter S te e l........... 10 ......... ! . ........
Con 4s 103 0............. A -O
P r e f e r r e d ..................... 10
P en n s t o o l 1st 5s T 7 M -N
Jm on T r of l u d ..........100
P e o p le ’ s T r tr ce rts 4s ’43
Jolted N J l il t A C . . 100
P C o I s tA c o l tr o s ’ 40 M -S
In it T ra o P itts p r o f .. 60
Con A c o l tr 6s 1961 M -N |
V arw ick Irou A s t e e l . 10 ' " o ' d ' i o " Ph il E lec g o ld tru st c t fs .
Vest J e r s e y A S e a S h .6 0
.62 j.........
T r u s t c e r tifs 4 s ...........
Vestm orelaud C o a l....5 0
P A E g e n M 6 g ’ 2 0 .A-O ,
Rilkes Gas A E lee..lU O .....................
Gen 61 4 s g 1 02 0..A A O |
•Bui and asked; n o sales on this day.
S h a res
R a n g e S in c e
Jan J
95
101*4
75
' « 8T
f $ 12*4 paid.
40*9 41*9
♦ $ 1 3 * 9 paid.
$ $ 3 5 paid.
a B e c o ip t s . 6 $ 2 5 paid. « $ 5 0 p a id . U $l2 H »paid.
330
THE CHRONICLE
V o lu m e oi Business at S tock E x ch a n g es
TRANSACTIONS AT I’ HK NEW Y O R K STOCK EX CH AN G E
D AILY , W E E K L Y ..N D Y E A R L Y
S tock s.
W e e k en d in g
A u g . 5 1910.
S h a res.
B onds.
$20,253,500
33,818,000
67,967,950
45,741,500
27,194,300
36,991,350
$597,500
981,000
1.193.000
1.344.000
1,375,500
1,377,000
2,482,061 $221,966,600
$6,873,000
Saturday ___________
M o n d a y ___. . . . . ___
Tuesday_____ _______
W ednesday . . . . . . . .
Thursday____________
F rid a y ______________
T o t a l ........... ............
R a ilroa d ,
B a r v a lu e.
231,485
388,180
640,287
506,940
300,943
414,226
S a te s at
N e w Y o r k S to c k
E xc 'i'irv je.
W eek e n d im A u g .
1010.
5
B on d s.
B on d s.
$52,500
241,500
110,000
118,000
101,500
04,500
Telegraph an d Telephone
A m er T e le g & C a b le . 100
Central * So A m e r ..1 0 0
$500 C om in'l U n T c l (N Y i . 25
Einp & B a y S tate T e l . 100
Franklin
$500 s G old & S to ck T e l e - il l 00
e N orthw estern T e le g . 50
Pactftc to A tla n tic ____ 25
e P a c T elep & T e le g p t.1 0 0
Southern & A tla n tic__25
e
e
1 to A u g . 5
190).
Stocks—No. s h a r e s ...
114,348,230
5,085,892
2,482,081
110,432,741
Par v a lu e _________ $221,965,600 5460,040,950 810,289,639,050 310,670,520,925
Bank shares, p a r . . . . .
$749,000
81,000
$73,250
853,800
B on d s.
Government b o n d s ___
State bonds .................
U R . and mlsc. bonds.
$500
718.000
6,873,000
$5,000
552,000
32,012,500
$282,700
31,420,450
381,625,500
0239,700
21,898,700
821,891,600
Total b o n d s .............
$7,591,500
S32,569,500
$413,308,850
$350,028,000
D A IL Y TRANSACTIONS A T TH E BOSTON AND P H ILA D E LPH IA
EXCH AN G ES.
B o s to n .
W e e k en d in g
A n y . 5 1910.
L isted
sh a res.
U n listed
sh a res.
P h ila d elp h ia .
B ond
sa les.
L isted
sh a res.
U n listed
sh a res.
B ond
s-lei.
Saturday___________
M onday............. ..........
T u e sd a y _____ ______
Wednesday..... .......... ..
T h u rsd ay....................
Friday______________
5,942
12,647
18,066
13,984
10,798
20,325
5,016
12,060
12,842
10,314
10,011
13,760
$14,000
32,000
15,500
11,000
14,000
25,000
7,910
11,617
9,812
11,037
10,222
16,035
3,915
5,280
10,560
7,670
6,237
6,490
$2,500
28,000
24,300
64,200
17,100
16,600
T o t a l........................
81,742
64,0091
$111,500
60,733
40,161
$150,700
O utside S ecu rities
All bond prices are n o w "a n d in terest’
Street If a l'w a y s
N ew
B id
S frcef R a ilw a ys
A sk
Pub Serv C orp N J ( C o w
Cons T ra ct ot N J . .1 0 0
71
73
1st 5s 1933.......... J -l)
N ew ’ k P a sR y 5s '30 J-J
107
R a pid Tran St R y . . l 0 0 240
1st 5s 1921...........A-O
104
J C H o b & P a te rso n —
43 g 1949.......... M-N
71':
So J Gas El to T r a o .1 0 0 1:5
Gu g 5s 1 9 5 3 ...5 1 S
96
N o H ud Co R y 0s 14 J-J
5s 1928.....................J-J
E x t os 1924____ M-N
P a t C ity co n 6s ’ 3 1 . J-I)
2d 6s o p t 1 9 1 4 .. A - 0
So Side El (C h ic)— See Oh icago
Syracuse R T 5s '4 6 ..M - S 1 j1
Trent P & H 5s 1 9 4 3 .J-D
65
U nited R ys o f St L—
C om v o t tr c t fs ____ 100
613.
e P referred ________ 100
Gen 4s 1934 — S e e Stock E xc
U nitR yd San Fran S e e Stk E xc
W ash R y to El C o____ 100
31
P r e fe r r e d ___________100
84
4s 1951......................... J-U
83
Y o r k C t-U
B leeck St to Eui E s t k . 100
1st m tgc 4s 1 9 5 0 ..J-J
B ’ y & 7th A v e s t k
100
2d m tge 5s 1 9 1 4
J-J
Con 5s 1943 — S e e Stock
B ’ w ay S u n 1st 5s gu 1924
C en t'l CrcDst'n stk . . . 1 0 0
1st m tg e 6s 1922 ..M -N
Cen Pk N & 15 U stk ..1 0 0
C h r’ t’ r & 10th St s t k . .1 0 0
Col & 0th A v e 5s S e e Stock
D ry D K li & B —
1st gold 5s 1932 . . . J - U
S crip 5s 1 9 1 4 _____ F-A
E ighth A v en u e s to c k .lO u
S crip 6* 1 9 1 4 ____ F-A
42d & Gr St K 'y stk ..1 0 u
42d St M & St N A v e . 100
1st m tge Gs 1910.A1-8
2d in com e 6s 1 9 1 5 .J-J
In ter-M et — S e e S tk Each
L ex A v to P a vE 5s S e e Stk
M etropol St B y — S e e Stk
N inth A v en u e s t o c k . .1 0 0
S econ d A v en u e s t o c k . 100
1st M 5s'09 e x t '1 U ..M -A
Consol 5s 1948____ F-A
♦ Sixth Avenue s t o c k ..100
Sou B ou lev 5s 1945___ J - j
So F er 1st 5s 1919___ A O
T h ird A v e n u e — S e e Stock
T a rr y W P & M 5s 1928
Y k ersS tR U 5 s 1946 A t,
28th & 29th Sts 5s '90 A -0
T w e n ty -th ir d St s t k . .100
U nion R y 1st 5s 1 94 2. E-A
W estch est 1st 5s '43 J-J
e x ce .it w here m arked ‘ f."
15
50
115
102 1021
106
980
102
/"so"
15
Exc
102
102
US
112
100
80
E xc
95
/ 35
200
200
/ 95
12
/ 45
ange
E xc
E xc
155
14
99!2
Ferry C om pa n ies
f) to N Y 1st 6s 1911 .J-J
N Y * E tt Ferry stk .1 0 0
1st 5s 1922............... M-N
N Y & H o b 5s M ay '4 6 . J -D
H ob F y 1st 5s 1910 M-N
V Y & N J 5s 1910____ J- J
10th & 23d Sts F e rry.10b
1st mtgO 5s 1 0 1 9 ..J -D
e U nion Ferry s t o c k . .1 0 0
e 1st 5s 192 J_______ M N
S h ort-T erm N otes
A m Clg ser A 4s 1 1 . . M b
Ser B 4s M ch 15 '12 Al-S
Bait<S)Ohio i ^ s i o i . - . j - i )
Bethleh “Mecl os '1 4 . .M -N
Dhlc & A lton 5s '13 M-S
Gin H am * D 4s 1 9 1 3 .J -J
O O O & St L 5s, Jun e '11
H udson C om panies—
bs O ct 15 1 9 1 1 ____ A -0
6s Feb 1 1 9 1 3 .......... F-A
In tcrb U T g 6s l u l l . M - N
K O H y& L lgh t 6s 1 2 . M-S
Minn & St L g 5s '1 1 . F-A
- N Y C Lines Kq 5s '10-22
W i t Jan 1011-1025____
N Y N 11 to 11 5s '10-'12
St L to S F 4 M s '1 2 o p .F -A
5s Mch 1 1913____ M-S
South R y g 5s 1 9 1 3 . . F-A
Tidew ater 6s. 1913 guar
W abash 4 ^ s 191 j _ _ .M -N
W est T e l e p & T 5s '1 2 . F-A
vVestlngh’ e EI&M 6i 1913
5 % notes O ct 1 9 1 7 .A -0
R ailroad
a Chic G t W co m tr otfslS er
e Preferred tr c t f s . . /
Chlo Peo <5o St L—
Prior hen g4 H s '3 0 . M -S
Con m tg g 5s 1 9 3 0 ..J -J
In co m e 5s, Ju ly 1 9 3 0 ..
C h icago S u b w a y _____ 100
K ausas C ity Sou 5s A p r 1
1950 — S e e S to ck ICxcb
N at R ys ot M exico — S e e S
N orth ’ ll Securities Stubs
50
Pitts Bess & L E ____
P r e fe r r e d _________
50
e R ailroad Securities C o—
111 C stk tr ctfs ser A 52
Seaboard C o m p a n y —
1st p referred _______100
C om to 2d prel — S e e Bal
Seaboard A ir Line—
Coll 5s e x t M ay ’ l l . M - S
W est P a c 1st 5s ' 3 3 . . M-S
Industrial and M iscel
A dam s E xp g 4s 1947 J-D
Ah m eek M ining_______ 25
N ew Y ork
A lliance R e a lty .
11m
991o
Cent Un Gas 5s 1927 .J -J
A m erican B o o k _____ io n
Exc
Con Gas (N Y ) — S e e Stk E xc list
A m erican Brass.
ton
/ 60
s M utual G as__________ 100 153
158
Am erican Chicle c o m . 100
/5
New A m sterdam G as—
P r e fe r r e d ....................100
1st con sol 5s 1 9 4 8 ..J-.J
7 15
07
99
A m G ra ph oph on e co m 100
190
N Y & E R G a s 1st 5s '44 J-J
103
P r e fe r r e d _________ 100
Consol 5s 1945______J-J
95
93
A m er H a r d w a re _____ 100
65
N Y <Ss R ich m o n d G a s . 100
56
40
Am M alting 6s 1 9 1 4 ..J -D
N Y & W e stc h e s te r L ’h t ’ g —
A m er Press A ssoo’ n ._ 1 0 0
Brooklyn
D eb g 5s 1954 g u a r.J -J
95 1U012 A m St Found new — S e e S
A tlan A v en u e H R —
N or Un 1st 5s 1 9 2 7 .. M-N
05
0s 1935_____
A.M
Con 5s g 1931______A-O
98
e Standard Gas c o m . .1 0 0
50
Del) 4S 1923.......... . . F - A
07
B B & VV E 5s 1 9 3 3 .. A -0
e P r e f e r r e d ________ 100
85
A m erican S u re ty _____ 50
B r o o k ly n C ity S t o c k . . 10 145 155
1st 5s 1930................M-N
Am erican T hread pref 5
Con 5s— S * e Stk E xcb in ge list
A m T o b a c c o Co c o m . .1 0 0
B kln H gts 1st 5s 1941 A -0
97
O th e r C i t i e s
A
m er T y p e fd crs c o m . 100
Bkln Q ueens Co to S ub—
Am Gas to E lec c o m . . 50 *39
P r e fe r r e d _________ 100
e 1st g 5s '41 o p ’ 16.J-J
68
P r e fe r r e d ___________ 50
♦41
D eb g 0s 1939____ M-N
<Tst con 5s '41 o p ’ 10 M-N
95': 97*i A m er Light to T r a c t . . 100 255
A m er W riting P a p e r .. 100
B k lyn R a p T r a n — S e e Stk Exc list
P referred . . . _______ 100
P r e fe r r e d ________ .100
C ou ey Isl & B k ly n ..1 0 0
76
B ay S tate G as__________ 50
l s t s r g 5s '19 o p ’09 J-J
h
1st con s g 4s 1 9 4 8 .. J - j
83
W
B lu gh 'ton (N Y» Gas W ks
A 'JG t& V V IndS S L ues.lO O
Con g 4s 1955.......... J-J
80
75
1st g 5s 193 8............. A -0
95
P r e fe r r e d ___________ 100
B rk 0 & N 5s 1 9 3 9 .J-J
95 100 B rook lyn Un Gas— SeeStk E xc
Col tr g 5s 1959____ J J
K in gs C El 4s — S e e Stock E xc ■1st
B uffalo C ity Gas s t k . . 100
4
B arn ey to Sm ith C a r . . 100
N assau E lec pret______100
1st 5s 1047— See Stock E xc
P r e fe r r e d ___________100
5s 194 1....................... A-O 103" 105 Con Gas o f N J 5s '3 6 . J-J
9J
B eth ” m Steel Corp — S e e S
1st 4s 1951 — S e e Stock E xc list
Consum ers’ L H & P o w —
Bliss C om pa n y c o m . . 50
N W ’ b g & E’lat 1st ex 4
92
5s 1938......................... J-D n o
P r e fe r r e d ................. .. 50
S tcln w a y 1st 0s 1 9 2 2 ..J -J
104
D enver Gas to E lec___ 100 140 145
Bond to M tgo G uar___ 100
Gen g 5s 1949 o p .M -N
89
90
B orden ’s C ond M ilk ..1 0 0
O th er C it ie s
Elizabeth Gas L t C o . . 100 300
P r e fe r r e d ________ .‘ . l o o
B uffalo S treet K y —.
Essex to H udson G a s . 10b 132
British Col C o p p e r .. .
5
1st consol 5s 1 9 3 1 ..F - A
103
Uas to El Bergen C o . .1 0 0
72
74
B u tte C oalition Mining 15
D eb 6s 1917_______ A -0
1U4 * Gr R a p 1st 5s '1 5 .F -A
98
Casein Co ot A m c o m . 100
C olum bus (O) St R y __100
U712 H udson Co G as_______ 100 130 132
P r e fe r r e d ___________100
P r e fe r r e d ____ __
. l o i ; 104 105
Indiana L igh tin g C o . . 100
60
Casualty Co o f A m e r .. 100
33
Colum R y con 5s — S e a Ph m 1st
4s 1958 o p ...................F-A
60
C ellulo’ d C o ___________100
05
C rosst’ wn 1st 5s '33 J-I)
Indianapolis G as______50
Cent Firew orks c o m . .1 0 0
♦ Conn R y & Ltg c o m .1 0 0
1st g 5s 1952........... A -0
74"
79 "85"
P r e fe r r e d ___________to o
e Preferred ................l o o
78 '
Jackson Gas 5s g '3 7 . A-O
9gD Central F o u n d r y _____ 100
88
1st & ref 4 H s — S e e Stk E xc dst
e L a cled e G as__________ 100
95
P r e fe r r e d ____ ___ ..1 0 0
96
G rand Rapids R y pref 100
80l.|
e Preferred _________100
80
D eb 0s 1919 o p '0 1 . M-N
♦ L cu lsv St 5s 1 93 0. J -j 1041
Madison Gas 6s 1 9 2 6 .A-O
Ch esebrough M fg C o . .1 0 0
107
L y n n <5e Bos I t 5s '24 J-L) 104 106
N ew ark Gas 6s 1 9 4 4 ..Q -J 128 131
C ity In ve stin g C o -------100
« N ew Orl ttys & L g t.1 0 0
N ew ark Consol G a s .. 100
25
95
P r e fe r r e d ___________ 100
98
e P referred _________i o o
e Con g 5s 1 9 4 8 . . . J-U
6(.5S 604j
2 Clallln (H B) c o m . . 100
103
Gen M g 4 4 s ’ 3 5 — S e e S tk Ex 1
No H udson L H & P o w —
e 1st p referred _____ 100
P u b Serv C orp of N J . t o o 107 110
A -0
5s 1938.........
e 2d p r e fe r r e d _____ 100
T r ctfs 2 % to 6 To per pet
Pacific Gas & E, c o m .1 0 b
l7
Col to flo c k C oa l& I pf 100
N orth Jersey St R y lo o
P r e fe r r e d ___________ too 83
55
1st g 5s 1917_______ J-J
85
1st 4s 194 8.......... M-N
74
Y d ' Pat So Pas Gas to E le c . 100
82
Col tr 0s O ct 1 9 5 6 .. J-J
90
Con g 5s 1 9 4 9 ._ _ Al->
Consol Car H e a t in g ...I 0 u
St Joseph Gas 5s 1037-J-J
91
Consol R u b b e r T i r e .. 1 00
94
P r e fe r r e d _________ .1 0 0
D ebenture 4s 1951 A-U
Q as S cc u r iF c j
iTo"
60
88
10012
100
101
100
101
102
102
100
101
100
88
100
ijT
101
102
1021
96
1033j
VO
80
88
10514
25*5
st
99
12
/
102
1U0
1U2
110
51 541j
100 101
* P e r snare
o Bade,
j S ills on st.i. E x . nut not very active
A st
Industrial an d Mi seel
1st
j C rucible S teel_______ 10t
90
0 P referred ________ 100
122
D a v D -D a 'y C op per C o . l b
37
e D iam ond M atch C o . 100
50
d u P o n tlH D d a N e m P o lOu
80 , c Preferred ________ lOu
85
e G old 4 K s 1 9 3 8 .. . J - D
76
E lectric Boat _
inn
23
P r e fe r r e d ___________iou
so
Em pire S t e e l _________ 100
P r e t e r r e d ___________ 100
jG euerai C h em ical___ 100
71
0 P referred ________ 100
75
____ 113
G oldlleld C onsol M in e s .10
100 110 G old Hill C op per ____ _ 1
____ ir e e n e -C a n a n e a ______20
65
in
Kxnlnr'ii
100
40
v*U^^vUllLI 1
11 l^aDlUl
4$ 1
vv
O'
105 112
e H ackensack
W ater Co
105
R e ! g 4S '52 o p '1 2 . .J -J
112
60
70
Hall Signal Co c o m . .1 0 0
H avana T obacco C o . . l 0 o
94
Prei e r r e d ___________ 10b
00 " 100
1st g 5s .Juue 1 '22 J-D
le ck er-Jon es-Jew ch MIL
1st 63 1922________ M b
91
98
20
H e r'g-H all-a lar, n e w . 10b
28
60
H oboken Land * Im p 100
6.)
e 5s 1910___________ M-N
9512 97
1 j 2 104
H ouston O i _______. . . 1 0 0
Preterred _________ 100
93
•8
35
H udson R e a lty _______ 100
45
65
75
« In gorsoll-R a u d c o m . 100
27
30
e P referred
_______ 100
93
anterconttn't'l R u b b e r .100
97
In teruat’ i U ank'g C o .1 0 0
I n t e r u a f M cr Mar — S e e s
US78 9912 intern ational N ic k e l ..1 0 0
P r e fe r r e d ___________100
9/
.7
1st g os 193 2_____ A-O
98
iS ij
95
DO'- International S a lt____ 100
98>i 9jlg
1st g as 1951_______ A -0
98
intern ational S T v e r .,1 0 0
97
100 1003s
P r e te r r e d ____ ____ _ 1 0 u
1st Os 1918............... J - u
90
0 8 - Internat Sm elt & U efg 100
93
93 • .ntern at Time K e e o -d .lO o
P r e fe r r e d ___________lo o
1U018 I0J>3
07
USD Jones * Laugliliu s te e l Co
1st s f g f)S I93U..A1-N
97
98
54.30 4 2% aLackawanna Steel___ 100
. 1st c o n 5s 1 9 o o . .. A l - b
54.80 1
9j7g 101
: D e b 03 191 C.............At-b
951^ 96D Lanston M o n o t y p e ___ 100
951) 9JD Law yers M tge C o ____ 100
W llkes-B C o a l. 50
97
93 14 Leh
99>8 9JV e Lorlflard (P) p re l___ 100
vladtson Sq G a r d e n .. 100
2d 6s 1919............... M-iS
os’ll' 99I4
vlantiattan T r a n s i t ... 20
9912 too
M onongabela it C o a l . . 50
P r e t e r r e d _______. . . 50
M ortgage B ond C o ___ 100
Stool: E xc Nat Bank ot C u b a ____ 100
N a t’ ! S u r e ty ....................100
list
3 N evada C on s’ d C op per o
/ 85
N ov-U tah Min A S in . 10
7 50
a New Central C oa l___ 20
t . . . . ” 5"
NY A ir B rake 0s— S e e Stk
2 >4 23.) N Y Biscuit 0s 1911 .A l-b
s Mew York D o ck ____ 100
♦ Preterred ............... 100
ange list
t lifxc list N Y M tgo & S e c u r it y .100
95 105
N Y T r a n s p o r t a t io n .. 20
*32
N ltes-B ern-Pond c o m .1 0 0
34
N1 pissing M i n e s . . . . . .
5
♦70
74
o n to C op per C o . . . . . . .1 0
8 O ntario S ’lv e r_______ 100
90
Otis E levator c o m ____ 100
P r e te r r e d ___________10b
S78
t Ex\' list Pittsburgh B r e w in g .. 5u
P r e fe r r e d ____ ______5u
• 99
99L P ittsburgh C om — S e e Stk
02 D P o p e M fg Co c o in ______ 100
92
P referred....... ............1 0 0
P ratt & W h itn ey p ret-1 00
/ D214 925s P roducers O il................. 100
R e a lty A ssoc ( B k l y n ) . 100
*170 180
Royal Bak Pow d c o m .1 0 0
120 125
152 160
P r e fe r r e d ___________100
113 122
Safety Car H eat & L t-1 0 0
Seneca M ln 'n g ________ 25
215 420
Singer Mfjf (tn
ion
97 102
South Iron & S coin . .1 0 0
Preferred
____ 10b
15
3)
Standard C o r d a g e ....1 0 b
117 120
1st M g 5s ’31 r e d .A -O
100 101
A d ju st M 5s A p r 1 1931
95 11)5
Standard C ou pler co in 100
tk Ex list
P r e te r r e d ____ . . . . . 1 0 0
99 U)1
Stanunrd M illing C o . .1 0 0
0J
(36
P r e 'e r r e d ________ ..1 0 0
no
2!i0
*4D
1st 5s 1930............... M N
399 402 " Standard Oil ot N J ..1 0 0
Sw ift & C o — S e e U ost Stk
33
42
1st 5s— 6D0 Chlo S tock
93 100
Texas C o m p a n y ...........100
98 100
3 « T exa s do P aclllc Coal 100
2
T itle in s Co of N Y . . . 1 0 0
25
27
T o n o p a h Min (N evada) 1
87
88
Trenton P otteries co m 100
0
bl.
Preferred, n e w . . . . . 100
id s 1712
Trow D ir e c to ry _______ 100
62
05
U
nderw
ood T y p o w p f 100
35
U nion T y p e w rite r comlOO
90 " 100
1st p r e fe r r e d _______ 100
tk Ex use
2d p r e fe r r e d .......... .100
120 125
U n'ted B k N ote C o r p . 50
120 L3o
P r e fe r r e d ___________50
240 250
U nited Cigar M frs____ 100
111 113
0 P referred _______.1 0 0
103 105
U nited C op p er________ 100
*41.
6
P r e fe r r e d ___________l o o
♦184j 19!
2-T, U S C asualty_________ 100
2>4
U S E n velop e c o m . ..1 0 0
58
62
P r e t e r r e d _______I l l l O b
125 140
123 125
U S F in is h in g ________ 100
P r e t e r r e d ___________lo o
4
1st g i>S 1 9 1 9 _______ J-J
10
30
Con r 5s 19 2 1)
J-J
(J S Steel C o rp o ra tio n —
Col tr s f 5s '51 o p t '11
7 35
40
Col tr s t 5s ’51 not opt
700
0J "72"" (J S T I t Gu & I n d c i n .. l 0 0
♦Utah C op per C o — S e e Stk
105 116
105 115
W aterbu y Co c o m . ..1 0 0
P r e fe r r e d ___________100
87
92
W estch ester * B ron x Tit
88
93
& Mtgo G uar_______ 100
/ Vo"" 70*" W estlngh’so A ir B rak e.5b
/ 50
W est El & M fg 5s— NeeStli
60
43
W orthin g Putnp p rcf-1 0 0
40
81>1
103j
r so
” 5" ’
BUt
E lectric C om pa n ies
Chic Edison C o — S e e Chi sago
G r't W est P o w 5s '4 0 . J -l
84
* K ings C o El L & P C o 100 120
N arragan (P rov) El C o . 50 *8 ID
40
N Y & Q El L & P ow Co 10b
VI
P r e fe r r e d ___________ 10b
U nited E lec o f N J ___ 100
so
1st g 4s 194 9_______ J-D
74
W estern P o w e r c o m . 100
2612
P r e f e r r e d -----------------100
43
______
$718,000
Jan.
[V O L . L X X X X I
T Flat price
/. Nom ina.
s -U iv .
>■ E x-n g n t*
B id
A sk
107« m s
72D 725s
• ID
13.1
90
80
152
148
843| 8 5:>4
82'.!
6
25
20
n ‘M
70
10
15
75
65
88
95
100 105
*33f
8I3
* n la 1319
*65*
7
140 ISO
85
38
3
0
68
103
35
"y"9"l8
6
32
no
93
97
21
90
tk Ex
133
89
92
6
47
0j
109
no
135
"45"*
5
10
62
105
40
""a
36
....
22
100
1st
137
92
94
8
63
SO
112
112
140
125
fob"" 105
10014 IC034
____
90
____
80
235
225
130
25
85
* ll4
* bl2
*201j
no
no
25U
40
91
90
82
240
....
145
35
....
H2
7
20U
116
113
200
ll)38
*uia
6S
40
60
Exo list
100
_.
Yd
*80
200 205
*4
5
95 100
*1038 10»8
Its
* l uia
1
3
44
48
94
90
*23’ s 231a
12'a
E x o ' list
zS2
05
78
81
100 105
110 147
no
115
190 200
103 103
124 126
95
280 293
“ lO
13
23
20
'j
/ T o " 21
5
73
40
1*0*0*’
11
"lV "
40
45 ,
81
85
0J0 009
EXC list
E xc list
130 139
100 105
145 155
♦818 83*
4
8
45
55
20
30
99 100
40
45
102 n o
100 108
*42
46
*50
£3
01
01
102 103
4D
47*
25
15
215
53
57
115 118
96D 100
107 112
100 105
95 100
114
114
no
Exo
115
115
120
list
....
160 170
*130 137
EXO list
104
103
sN e w
1
1
stock.
THE CHRONICLE
A u g . G 1910.
331
% um stm znt and ^iaiiraad intelligence.
K A I L K O A U G r t O S S E A R N I J N G S.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. T h e re tu r n s o f the electric r a ilw a y s a re b rou q/it together s e p a r a t e l y o n a s u b s e q u e n t p a q e .
July 1 to l.a t s s l D a t e .
L a te s t G r o s s l i a m i n o s .
HOAD
s.
W eek or
M on th
C u rren t
Y ear.
P rev io u s
Y ea r
C u rren t
Y ear
P rev io u s
Y ea r.
$
?
S
S
I s it e s t G r o s s l e a r n i n g s .
C u rren t
Y ea r.
N Y C A H ud R lv .
L ake Shore A M S
n Lake E A W e s t.
Chic Ind A South
M ichigan C en tra l.
Clev C 0 A St L . _
Peoria A Eastern
Cincinnati N o rth .
P itts A L ake Erie
R u t l a n d _________
N Y Chic A St L .
T o t all lines a b o v e
T o l A O hio C e n t.
N Y N H A H a r tf..
J Y S n q & v V e st..
N o rfo lk S o u t h e r n ..
N orfolk A W e ste rn .
N orthern C e n tr a l..
N orthern P a cific___
P a cific C oast C o ___
P en n sylva n ia C o ___
il P e n n — E o f P A E
<’ W est o f P A E .
Pore M a rq u e tte____
Pill la Halt A W a sh .
P itts Cln Chic A S tL
R aleigh A S o u th p ’ t.
R eadin g C o m p a n y .
P h lla A R e a d in g .
Coal A Iron C o ._
T o ta l both c o s ___
R lcii Fred A P o to m
R io G rande Ju n e___
R io G rande S o u t h ..
R o c k Island L i n e s ..
St Jos A G rand I s l.
St Louis A San Fran
Chlo A East 111..
/ E vansv A T er H
T o ta l o f all lin es.
St L R k y Mt A P a c .
St L ou is S o u th w e s t.
San Po t L A A S L .
S e a o o a rd A ir L in e , i
A tla n ta A B lr m . ) 3d w k J u ly
Florid a W Shore J
Sou th ern I n d ia n a .. May _____
S outhern P a cific Co June _____
S outhern R a il w a y .. lth w kJuly
.Mobile A O h io ___ 3d w k July
Cln N O A T P . . . 3d w k July
Ala G reat S o u th . 3d w k July
G eorgia So A F la . 3d w k July
T exa s C en tral______ Jun e . . .
T exa s A P a c ific ____ 4th w kJuly
T id e w a te r A VVest. M ay . . .
I’ o le d o P e o r A W e s t 3d wk July
T o le d o St L A W est lth w kJuly
T o in b lg b e e V a ll e y .. June . . . . .
U nion P a cific S y s t . J u n e _____
V a n d a l la _______. . . June . . . . .
Virginia A Sou vVest J u n e __
W a b a s h ___ . . . . . . . 4th w kJuly
vVcstern -Maryland . M a y _____
W Jersey A S e a s h .. June __. . .
W heeling A L E rie. J u n e _____
W hite R iver (V t) __ M a y ______
W righ tsvllle A Tenn J u n e _____
Y a z o o A Miss V a il. J u n e _____
e
1st w k July
1st wk July
1st w k July
A la T en n A North, J u n o _____
J u n e _____
l Oil wk July
J u n e _____
f u n e _____
l i m e _____
r u n e _____
J u n e _____
U oston & M a in e ..
May _____
M a y _____
lth w kJuly
Huiralo & S u s q ..
\?)!'il __ _
Canadian Nortliei _ 4th w kJuly
Canadian P a c if ic .-. 4th w kJuly
Central of G eorgia. J 1 w k July
Central of N ew Jcr- f a y _____
Central V e r m o n t___ M a y _____
C h atta n ooga South 2d wk July
C hesapeake A O hio. 4th w kJuly
C h icago & A lto n __ lth w kJuly
Vfay _____
3d wk July
id wk July
— Sec New
M a y _____
Ch Mil & P u g Sd. M a y _____
M in e _____
J u n e _____
J u n e _____
— See New
•lay _____
4th w kJuly
M a r c h ____
M a y _____
J u n e _____
Cornwall A I-chan M a y _____
C uba R a ilr o a d ____ J u n o _____
D elaw are A H udson L i n e ..........
June . .
4th w kJuly
3d wk July
2d w k July
Ann A rbor.
3d w k July
lth w kJuly
J u n e _____
D ui Sou Sh & A 11_ . •id w k July
J u n e _____
M a y _____
F a irch ild & N or E_ f u n e _____
F on d a John s A G lov f u n e _____
J u n e _____
— See Sout
G rand T ru n k S y s t.
lth w kJuly
3d w k July
3d w k July
C anada A tlan tic. 3d w k July
G reat N orthern Sy f u n e _____
G ulf A Ship I s 'a n d . May _____
H ock-lug V a lley____ v i a v _____
Illinois C en tral____ J u n e _____
In tern at A tit N or itn w kJuly
a In terocea n ic M ex
lth w kJuly
Io w a C en tral____ _ 4th w kJuly
K anaw ha A M ic h .. May ..........
K ansas C ity South. f u n e _____
K C Mex A Orient VI wk July
Leh igh V a lle y _____ May _____
L ex in g ton A E a s t.. J u n e _____
L o n g Island ______ J u n e _____
Lou isiana A Arkan J u n e _____
L ou ls v lle n d A St 1 May ..........
3(1 wk July
s L ou lsv A N ashv
M acon A B lrm ln g'm J u n e _____
M aine Cen tral.:___ J u n e _____
M anlstlqu e............... J u l y ..........
M aryland A I’ enua May _____
a M exican R a ilw a y . 2d wk July
M ichigan Central
—S ec New
M ineral R a n g e ___
3d w k July
lth w kJuly
M issouri K an A Te> J u n e ___
M inn St P A S S Ml Jd w k July
C h icago D iv is io n '
M ississippi Cen tral. J u n e _____
M o P a c A Iron Alt
Central B ra n ch . J lth wkJuly
N ashv Chatt A St I. M a y ..........
a N at U ys of Mex t
lth w k luly
N evada-C al-O re toil. ■id i. ic July
N evada C en tral____ l a r c . i ____
N O G reat N orthern M ay _____
N O M obile A C h ic. 3d w k July
N Y O ut A W estern J u n e _____
53,000
49,000
49,000
53,000
21,000
29,000
21, 00(
20 . 00C
20,000
28.00C
20 . 00C
28,000
7 ,1 4 ;
01,715
4,047
80,482
8 ,4 5 9 ,03C 3,102,501 104993 196 94,265,717
46,301
123,738
41,246
135,863
2,194.977 2 ,0 3 3 ,O lf 20,810,268 20,144,005
8,088,755 8,755,964 88,901,252 76,412,856
135,215
91,684 1 ,295,2 15 1 ,091.817
227,028
103,710 2,990,521 2,818,444
06,411
8,004
5.00C
75,407
3 610,825 3,330,937 39,092,074 36,079,828
43,910
4,390
3.040
46,985
820.684
230,953
264,737
801,247
104,213
116,571 1,819,719 1,908,461
843,500
360,600
261,400 1,225,100
2,752,000 2,270,000 8 , 000,000 7,004,000
586,700
230 300
201,800
684,900
2,40 1,530 2,000,890 .5,724,403 23,415,034
326,209
203,526 3 470 425 3,202,035
2,032
1,289
1,846
3.567
873,818 2,842,136 2,410,007
957,912
303,003 1,101,785 1,089.088
301,072
5,817,653 8,139,750 80,769,043 72,185,863
244,913
641,558
227,022
713,340
115,871
110,805
310,430
344,0 72
Y ork Ceil tral.
5 304,850 4,506,232 59,270,555 54,012,827
1,397,412
6,570,81 1 5,671,537 74.175,68 1 65,978,4 71
1,284,337 1,143,738 15,005,023 13.524,050
831,022
042,428 0,440,525 7,807,040
Y ork Cen tral.
185,165
194,091 2,153,807 2,123,740
445,341
417,136 1,350,418 1,279,809
30,941
30,658
221,921
222.060
01,148
62,334
087,494
070,048
17,378
10,715
106,360
203,607
35,356
27,407
300,885
400,002
220,198
196,704 2,550,336 2,157,105
1,613,698 l ,545,739 19,036,436 18,907,945
3,194,163 2,882,952 36,005,987 33,553,435
675,400
041,300 2 , 012,100 1,944,400
33,728
25,685
75,521
81,548
31,479
23,897
50,157
60 032
33,174
33,797
105,226
104,174
31,315
34,009
102,125
103,210
1,292,880 1,048,086 10,289,004 0,847,572
72,308
69,495
201,266
2 0 5 .1 9 7
067,706
628,414 7,437,661 7,274,014
1,500,138 1,280,205 50,107,299 10,020.293
1,832
1,613
20,506
25,038
79,291
773,849
69,715
901,751
100,786
179,019 3,010,957 2,750,872
hern Rati .vay.
719,037 1 ,167,357 3,179,896 3,491,184
92,999
111,052
320,503
334,387
23,977
32,488
106,560
102,405
24,814
29,651
103,345
105,525
6,03 9,486 1,753,751 34,440,018 53,658,463
159,843
150,525 1,911,110 1,732,805
6 5 5 ,85f
396,278 6,873,335 5,400.396
5,043,210 4,518,088 02,378,177 57,145,512
221,000
109,000
572,000
053,000
242,377
184,145
080,940
684,928
69,275
67,809
252,739
225,737
243,887
175,835 2,522,357 1,971,719
860,084
700,882 0,723,879 8,901,396
37,700
33,300
1 12,300
88,500
3,180,300 2,830,310 32,915,051 30,211,292
54,392
36,366
484,020
412,626
In c 4 8,596
In c 1,1 40,954
113,740
02,412 1,322,762 1,186,401
88 , 00 '-'
85,205 1,080.450
930,522
970,57;
886,000 2,807,875 2 . 544.5ft5
10.117
8,067
140,402
139,512
775,393
755,388 8,922,312 8,337,723
3,283
3,193
3,283
3,193
33,894
34,73.3
376,707
348,217
149,500
133,300
278.800
314,600
Y ork Gen tral.
13,374
16,122
37,845
47,503
80,160
101,299
384,561
36 6,760
1,908,151 1,800,871 2 1,559,346 25,300,915
399,138 1.351,443 1,197,170
449,251
81,073
57,542
803,040
693,707
i ,45 1,000 1,192,000 4,212.000 4,007,000
011,900 10,610,055 10.224,879
1 006,508
1,037,354 1,535,149 5,275,783 4,432,293
8,013
21,738
0,008
2 7,030
1.37.1
446
4 7,828
64,825 1,354,005
153,991
29,275
24,852
84,817
71,822
710,320 8,578,783 8,2 0 0 ,1 7 0
702,858
July t 13 l.a les '. D a i s .
ROADS.
V a rio u s F is c a l
7,695,909
3,048,580
384,581
217,778
2,177,052
2 ,172,926
228,784
82,034
1,279,907
260,591
741,348
18889470
320,361
4,761,765
88,190,534
41,485,402
4,572,381
2,815,468
25.481.C01
25,938,951
2,802,296
1.107,241
12,077,547
2 ,891.769
9,3 8 3 ,9 1 0
216 747163
14,140,671
49,520.363
1,019,803
2,4 1 7 ,3 1 9
29,327,101
11,058,048
82,313.050
5,918,131
4 1 ,6 8 1 ,7 6 5
142419 390
J.500
14,109,565
10.929.349
7,534,894
140,372
211,11
218,981
2,745,450
: 1,009,802
5,451,9 >7
598,42 1
4,210,206
12580 687
0.200
1,195,679
1,520,817
2,421,.118
11,634
1,025,723
2,983,331
7,009,054
245,850
76,130
11.971
1.931,411
126,098
3,170,249
779,301
200,852
4,150,401
182,858
307,255
303 209
339,835
3 6 ,877,795
32,838,555
0 9 .716.350
1,832,373
797,479
3 0 ,220
55,741,410
1,464,970
34,690,825
9,451,491
1,937,316
46,085,632
1,294,094
798,794
6 ,095,179
330,390
1,080,085
2,221
Y ea rs.
P rev io u s
Y ea r.
P erio d .
B e llcfo n te C en tral______________
Uelaware A H u d s o n ____________
M a n ls tlq u e ______________________
a M exican R a ilw a y _____________
e N Y Central A H u dson R i v e r . .
L ake Shore A M ichigan South
n Lake Erie A W e s te rn _______
C h icago Indian a A S o u th e rn .
M ichigan C en tral_____________
C levc Cln C h icago A St L o u is .
Peoria A E a stern _____________
Cincinnati N o rth e r n _________
P ittsbu rgh A L ake E r ie _____
R u t l a n d ______________________
N ew Y o r k C h icago A St L ouis
T o ta l all lines (1 1 )____________
N orthern C en tral________________
d P e n n — East o l P lttsb A E r i e ..
d W est o f P lttsb A E r i e _____
P h lla B a ltim ore A W a sh lp g to n .
Plttsh Cln C h icago A St L o u is ..
Itlo G rande J u n ctio n ____________
T e x a s A P a cific _________________
W est Jersey A S eash ore________
977,010
133,228
102,775 1,272,83
1,090,567
11294413 10397489 135022007 120521909
1,458,083 1,420,637 4,700,564 4 ,5 6 0 ,4 9 7
183,688
174,578
540,235
505 ,975
169,675
140,680
495,288
424 ,9 9 0
73,836
57,613
222,355
180,325
44.915
37,940
133,570
113,820
61,510
65,737 1,014,276 1,104,481
379,314
347,869 1,121,595 1 ,018,726
8,753
0,678
76,196
68,481
19,602
1 8 ,8 )5
57,687
51,297
78,851
82,351
234,790
304,202
7,403
6,169
85,349
81,320
7,508,953 3,861,177 JO,228,092 78,750,461
871,034
708,655 9,831,480 8 ,773,395
90 537
80,435 1,196,194 1,130,286
757,549
779,429 2,300,140 2 ,238,368
617,821
498 ,360 6,492,180 5,456,251
549,424
537,124 5,967,358 5,464,658
645,190
593.702 0,950,43
5 ,633,645
2,921
15,217
14,053
262’, 2 65
753,516
603,410
10,035,257
Ian
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
fan
D ec
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
\V‘. s k it! S u n v n t r i e s .
3d
4th
1st
2d
3d
4th
1st
2d
3d
4 th
w eek M ay
w e -k M ay
w eek June
week Juno
week June
w eek June
w e e k J u iy
w eek Ju ly
w eek J u ly
w eek Ju ly
(4 5 r o a d s ). .
(41 r o i d s ) . .
(4 1 r o a d s ) ..
(42 r o a d s ) ..
(42 r o a d s ) ..
(44 r o a d s ) ..
11.) r o a d s ) ..
(44 r o a d s ) ..
(43 r o a d s ) ..
(23 r o a d s ) ..
C u r id
S
12.474
16,484
12,553
13,106
13,073,
17,171
12,351),
12,546,
12,802
13,402
P r e v 's
Y ea i
S
10,784,565
14,038,471
10,954,872
11,239,607
11,348,208
14,859,700
11,133,004
10,906,342
11,432,364
12,974,546
In c. or D sc.
S
4-1,600,1 16
+ 2,445,7.66
+ 1,508,277
+ 1,867,112
+ 1,725,300
4-2,312 204
4-1,226,137
+ 1,580,085
+ 1,370,322
+ 487,703
%
15.67
17.42
14.59
10.60
15.15
15.20
U .O l
14.41
11.99
3.80
M o n th ly S u m m a ries.
M onth
M onth
M onth
M onth
M onth
M onth
M onth
M onth
M onth
M onth
Sept
O ct
N ov
Deo
Jan
F eb
Mch
Apr
M ay
Jun e
1909 (88 2 r o a d s ).
1909 (881 r o a d s ).
(755 ro.adsl .
19 ) ) (753 roads) .
1910 (710 r o a d s ).
(773 r o a d s).
1910 (739 r o a d s ),
1910 (750 roads)
(725 roa Is).
1910 (53 roads) .
19).)
1010
1010
C u r 'n t
Y e a r P r e v 's
S
246,005.050
222. 006,181
217,370 051
260.613,053
210 .302 ,21 9
202 .258 ,10 0
237 ,533 ,00 5
225 ,225 ,50 0
230,033 ,384
63.572,503
Y ear
$
210 013 703
205 ,155 121
211,281 501
232.261.182
182,010,825
171.159,723
201,916,097
193,595,911
103,049,990
53,215,670
In c. or D ec.
S
4-27,052,253
4-10.551.063
+ 36,080,430
4-28,351,871
+ 27,032,394
+ 23,008,767
+ 32,616,008
+ 23,620,685
+ 3 1 ,9 3 3 ,3 9 4
+ 8,356,824
a M exican currency
U L o v e r : lines d ir e ctly o p e ra te d ,
c Inclu des the N ew Y o rk A O tti.v a . the St. Law rence A A d iro n d a ck an d
N . Y . Ity ., th a tter o f w h.ch, being a C anadian ro a d , d o c s n ot m ake returns to the In te r-S ta te C om m erce C om m ission
r In clu d e s
In ba i l R lt
/ Inclu des t a - C leveland Lorain N ,V neellng R y . In b o th years,
n In clu d e s the N orth ern O h io Rid
p In clu d es earnings
A Ft I) 0(lge a id w ix c \l 'n o . A P a cific
s Inciu 1 -s L o u isville A A tla n tic fro m J u ly 1 1900 an d ‘ lie F ra n k fort A C in cln n at £ro:n N ov
eludes the M exican Intern; ational from J u ly 1910.
%
12.35
8.05
17.03
12.21
15.14
16.15
15.92
14.58
16.25
15.14
the O tta w a A
E v an sville A
of M asonO lty
1 1909.
t In -
THE CHRONICLE
332
Latest Gross Earnings by Weeks.—In the table which fol
lows we sum up separately the earnings for the fourth week
of July. The table covers 23 roads and shows 3.80% in
crease in the aggregate over the same week last year.
1909.
F o u rth w eek o f J u ly .
B u ffa lo R och ester & P ittsbu rgh
Canadian N o rth e r n .........................
C anadian P a c ific .............................
Chesapeake & O h io _____ ______ _
C h icago & A l t o n ..... .............. .........
C olorad o & S o u th e r n ___________
D en ver & R io G ra n d e _________
D etroit & M a ck in a c____________
G rand T run k o f C a n a d a _______
G rand T ru n k W e s te rn _______
D etroit G rand H a ve n & M il.
C anada A t l a n t i c ____________
In tern a tion a l & G reat N orth ern
In terocea n lc o f M e x ic o _________
Io w a C en tral____________________
M in neapolis & St L o u is ________
M issouri P a c ific _________________
N a tion a l R a ilw a y s o f M e x ic o . .
S t L ou is S o u th w e s te r n _________
S ou th ern R a ilw a y _______________
T e x a s & P a c ific _________________
T o le d o St L ou is & W e s te rn ------W a b a s h ____________ __________ ____
T o ta l (23 r o a d s ) ____
N et Increase ( 3 .8 0 % ) .
In crea se.
230,953
300,600
2 ,752,000
957,912
301 ,072
445,341
675 ,400
31,315
261,200
2,2 7 0 ,0 0 0
873,818
303 ,063
417 ,1 3 6
641,300
34,609
719,037
1,167,357
221,000
242,377
69,275
104,299
1,453,000
1,637,354
307,255
1,458,083
379,314
78,851
757 ,549
D ecrea se.
$
264,737
S
33,784
99,400
482 ,000
84,094
1,991
28,205
34,100
" 3~,294
448 ,320
22,000
199,000
184,145
67,899
89,160
1 492 ,000
1,535,149
265,477
1,420,637
347,869
82,961
779,429
58,232
1,376
15,139
39,000
102,205
41,778
37,446
31,445
4,110
21,880
13,181 ,987 12,696,946 1,037,420
485,041
552,379
For the third week of July our final statement covers 43
roads and shows 11.99% increase in the aggregate over the
same week last year.
1910.
T h ir d w e e k o f J u l y .
1909.
In crea se.
D ecrea se.
S
$
$
P re v io u s ly r e p o r te d (38 r o a d s ) . 12,416,203 11,083,068 1,484,616
17,891
227,022
244,913
C h icago G reat W e s te rn --------------33,728
D en v er N orth w est & P a cific ___
8,043
25,685
D e tro it T o le d o & Ir o n t o n —
33,652
33,794
A n n A r b o r -----------------------------6,975
G eorgia S ou th ern & F lo r id a ____
44,9 1 5
37,940
24,852
4,423
N ew O rleans M obile & C h ic a g o .
29,275
151,481
145
T o ta l (43 r o a d s ) ---------------------- 12,802,686 11,432,364 1,521,948
1,370,322
151,626
For the month of July the returns of 21 roads show as
follows:
1910.
M o n th o f J u ly .
1909.
5
I n c r e a s e .1
j
$
$
G ross earnings (21 r o a d s )_______ 35,7 0 8 ,1 4 9 3 2 .7 1 9 ,0 4 1 12,988,508
%
9.16
It will be seen that there is a gain on the roads reporting
in the amount of $2,988,508, or 9.16%.
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the gross and net earnings of STEAM railroads
and of industrial companies reported this week:
----- G r o s s E a r n i n g s -----R oa d s.
C u rren t
Y ea r.
5
P rev io u s
Y ear.
$
193 ,715
158,526
A tla n ta B irm & A t l .b .J u n e
2 ,5 7 9 ,3 4 0
2 ,0 6 9 ,8 0 7
J u ly 1 to Ju n e 30 —
June 8 ,4 5 9 ,0 3 0
A tch T o p & S a n ta F e .
8,102,501
J u ly 1 t o Ju n e 3 0 ___
____ 1 0 4 ,993 ,19 5 94,2 6 5 ,7 1 7
. Jun e 2,1 9 4 ,9 7 7
2,0 3 3 ,0 1 8
____.2 9 ,8 1 0 ,2 6 8 2 6 ,1 4 4 ,0 0 5
.J
u
n
e
1
,098,816
C h ica go & A l t o n .a .
932,864
13,358,475 12,500,682
5 ,6 7 1 ,5 3 7
.J u n e 6,576,811
7 4,175,684 65,978,471
1,143,738
.J u n e 1 ,2 8 4 ,3 3 7
15,095,023 1 3,524,050
1 ,139,267
June 1,349,885
16,774,628 1 5,080,412
C op p er R a n g e . b . . _ ___ .M
61,148
62,334
May
ay
J u ly 1 t o M ay 31
076 ,648
687,494
C ornw all b ____________ .J
Jun
u nee
17,378
10,715
J u ly 1 to Jun e 30
203 ,097
106,360
C uba R a ilr o a d __________June
..June
226,198
196,704
J u ly 1 to Jun e 30 —
2 ,5 5 9 ,3 3 6
2 ,1 5 7 ,1 6 5
.J u n e 3 ,1 9 4 ,1 6 3
2,8 8 2 ,9 5 2
_____ 3 0 ,0 0 5 ,9 8 7 3 3 ,5 5 3 ,4 3 5
D u lu th So Sh & A t l . b . . J
.Juunn e
302,981
269 ,484
J u ly 1 t o Jun e 3 0 _______
—
2,719,338
3 ,302,147
G eorgia R a ilr o a d _______.J
June
une
196,780
179,019
—
2 ,750,872
3,010,957
.J u n e 6,039,486
4 ,753,751
_____ 04,446,918 5 3,658,463
g I n te ro ce a n lc o f M e x .-.J
J uu n e
830,663
714 ,800
J u ly 1 to Jun e 30 ________ 7,9 8 7 ,2 9 7
7 ,400,403
266,435
243,816
u nee
Io w a C e n tr a l.a _________.J
Jun
3 ,0 1 5 ,0 4 7
J u ly 1 to Jun e 3 0 _______ 3 ,3 6 1 ,2 8 2
54,392
36,366
L e x in g to n & E a stern , b -J
.J u n e
484 ,6 2 0
412 ,626
J u ly 1 t o Jun e 30
L o n g I s la n d _____________.JJu
I n c . 4 8 ,596
une
J a n 1 to Ju n e 3 0 _______
I n c . 412,1
92,412
L ou isian a & A r k a n .a . - Jun e
113,740
J u ly 1 t o Jun e 3 0 _______ 1.322,762
1,186,401
755,308
775 ,396
M aine C e n t r a l . b _______Ju n e
8,3 3 7 ,7 2 3
J u ly 1 to Jun e 3 0 . ____ 8 ,9 2 2 ,3 1 2
3,193
M a n lstlq u e_______________ J u ly
3,283
24,458
Jan 1 to J u ly 3 1 _______
25,009
70,569
M ineral R a n g e .b _______Ju n e
62,737
826 ,375
J u ly 1 to Jun e 3 0 _______
820 ,500
352 ,003
M ln neap & St L o u is .a ..J u n e
4 3 0 ,5 2 5
J u ly 1 to Ju n e 3 0 _______ 4,9 4 5 ,3 9 1
1,171,315
M ississippi C e n t r a l.b . . -J u n e
81,0 7 3
57,542
J u ly 1 to Jun e 3 0 _______
8 9 3 ,0 1 0
698 ,707
t7 M exica n In tern a t
.J u n e
8 3 9 ,6 5 5
597 ,015
J u ly 1 t o Ju n e 3 0 - . . - . . 8 ,9 2 0 ,8 5 4
0 ,953,284
M issouri K an & T e x b Jun e 1,000,151
1,890,871
J u ly 1 to Jun e 3 0 . .........2 0 ,5 5 9 ,3 4 0 2 5 ,3 0 0 ,9 1 5
0 N a t R y s o f M e x ico ..J u n e 5 ,1 8 9 ,8 2 5
4,331,441
J u ly 1 to Jun e 30 _____ 5 2 ,562,293 4 8 ,8 0 5 ,5 2 2
------- N e t E a r n i n g s ------C u rren t
Y ear.
$
P rev io u s
Y ear.
$
29.601
d e f.2,768
579,390
357 ,025
J3,431,650 73,237,273
735,231,375 736,770,522
370 ,699
487,563
0,791 ,021
8,081,160
*397,679
S330.481
*4,270,834 S4,711,931
2,1 8 1 ,0 0 6
1,607,863
2 2 ,0 2 2 ,0 6 5 22,787,232
403 ,8 8 7
321,645
5 ,200,544
4,693,421
415 ,199
313 ,100
5 ,913,168
4 ,854,725
16,593
24,777
282 ,566
184 ,675
8,906
4,2 7 5
100,665
37,016
110,584
91,647
1,107,299
950,089
1,408,368
1,268,238
1 6 ,713,218 15,075,722
99,351
04,615
1,032,899
739,820
158,568
46,932
894,683
522,438
1,832,402
2,063,083
2 5 ,1 7 5 ,0 3 3 21,133,910
386,667
268,064
2,9 1 4 ,1 1 3
2 ,554,506
ft52,354
*16,484
* 6 6 9 ,4 1 5
*454,871
30,249
5,508
161,892
73,137
D e c . 45,788
I n c . 56,592
43,805
35,863
400,004
362,693
227 ,147
266,120
2 ,9 4 5 ,0 2 5
,5;>8,445
d e f. 1,139
d e f .196
d e f.5 ,1 3 2
971
5,042
5,445
87,8 3 0
125,342
fcl 14,002
* 1 04 ,060
fc l,301,602 f c l , 133,465
32,8 1 0
72,845
363 ,900
270,661
356 ,3 4 5
292,696
3,7 8 6 ,0 9 3
2,905.807
238.104
583,962
7 ,3 7 3 ,2 0 7
7,633,508
2,204,531
1,866,105
2 0 ,9 6 8 ,7 3 5 19,638,643
[V O L . L X X X X I .
------- G r o s s E a r n i n g s - ^ —
C u rren t
Y ea r.
P rev io u s
Y ear.
------- N e t E a r n i n g s -------C u rren t
Y ea r.
P rev io u s
Y ear.
$
S
S
$
cN V C & H u d R i v e r .b -J u n e 8,394,091
7 .695,909
284,124
2 ,7 8 9 ,5 7 2
J a n 1 to Ju n e 3 0 . . . ..4 6 ,9 7 0 ,7 0 8 42,5 7 3 .7 7 0 11,2 0 3 ,1 3 7 12.0 4 5 ,3 7 9
L a k e Sh & M ich S o . b .J u n e 4 ,1 9 3 ,7 9 4 3 ,6 4 8 ,5 6 0
1,1 8 2 ,4 6 9
1,392,113
Jan 1 to Ju n e 3 0 _______ 2 3 ,7 1 3 ,1 2 8 20,2 4 5 ,1 0 8
7 ,1 1 2 ,7 2 7
7 ,1 0 6 ,4 6 0
eL a ke E r i e * W e s t . b .J u n e
422,951
384,581
89,8 2 9
72,982
Jan 1 to Jun e 3 0 _______ 2,570,881
2,1 6 7 ,3 4 2
550,798
287,263
C h ic i n d & S o u t h . b - Ju n e
239 ,815
217,778
3 3 ,0 7 0
15,563
1,9 2 5 ,7 5 8
1,426,682
538,000
285,976
Jan 1 to Ju n e 3 0 ........
M ich igan C e n t r a l .b .- J u n e 2,3 9 2 ,9 2 4
2,1 7 7 ,0 5 2
594,134
685,728
Jail 1 to Jun e 3 0 ........... .1 3 ,9 8 7 ,4 0 3 12,590,368
3 ,051,941
3 ,6 8 5 ,0 3 5
C le v C In C h & St L . b . J u n e 2 ,3 9 8 ,5 9 3 2 ,1 7 2 ,9 2 6
4 6 8 ,5 3 7
612,563
J a n 1 to Jun e 3 0 _______ 14,181,268 1 2,508,023 3 ,2 2 0 ,2 0 5
3 .069,621
P e o ria & K a s te r n . b .J u n e
279,091
228,784
59,3 3 7
64,240
Jan 1 t o Ju n e 3 0 _______ 1 ,591,758
1,3 3 6 ,3 5 2
4 2 5 ,1 4 0
3 1 9 ,2 1 7
C in cin n a ti N o r t h . b . - J u n e
105,551
82,034
22,933
11,814
589 ,966
524,631
111,634
83,632
J a n 1 t o Jun e 3 0 . ..........
P itts & L a k e E r ie .b .J u n e 1,6 0 6 ,6 3 6
1 ,279,907
935 ,798
764,808
J an 1 t o Ju n e 3 0 _______ 8 ,2 8 3 ,6 1 9
5 ,782,642 4 ,4 6 9 ,8 0 3
2 ,8 9 7 ,9 2 5
R u t l a n d .b ................. ..J u n e
279 ,5 7 0
260,591
88,983
61,006
J a n 1 t o Jun e 3 0 _______ 1,476,343
1 ,370,055
3 9 1 ,8 1 6
3 2 1 ,6 3 7
N Y C h ic & St L . b ___ Tune
818,941
741,348
162,826
203 ,926
Jan 1 to Jun e 3 0 ____
5,4 4 9 ,5 2 3
4 ,6 7 1 ,4 7 3
1,715,651
1,2 6 3 ,2 9 0
T o ta l all lines ( U ) . b - J u n c 2 1 . 131 ,957 18,889,470 5 ,9 9 2 ,0 4 0
0 ,6 7 4 ,3 1 5
Jan 1 to Ju n e 3 0 . . . . . 120 .740 .44 5 1 0 5 ,1 9 6 ,4 4 6 3 3 ,6 9 0 ,0 4 2 3 1 ,3 6 5 ,4 3 5
82,2 3 0
505,631
320,301
T o l & O h io C e n t - b __ June
197,203
J u ly 1 to Ju n e 3 0 _______ 4 ,476,951
1,342,781
4,1 10,671
1 ,547,598
2 4 8 ,8 4 0
719,329
250,091
N Y O n tario & W e s t .a .J u n e
792,859
2 ,4 5 7 ,9 0 9
J u ly 1 t o Jun e 3 0 _______ 8 ,578,783
8 ,290,170 2 ,4 8 6 ,0 4 3
253 ,415
1,009,802
200 ,5 1 5
N o rth e rn C e n tr a l.b
--.Tune 1 ,045,102
1 ,007,284
1,075,684
Jan 1 to Jun e 3 0 ____ . 6 ,190,394
5,710,994
1,078,11!
1 ,121,019
N o rfo lk & W e s t e r n .b . -J u n e 3,0 0 1 ,9 2 3
2,7 4 5 ,4 5 0
J u ly 1 t o Jun e 3 0 ______ 3 5 ,0 6 3 ,8 7 0 29,327,101 14,017,1 11 1 1 ,597,345
1 ,953,097
1,7 1 4 ,1 0 6
P e n n sy lv a n ia C o . b _____ Ju n e 5 ,220,294
4 ,2 1 6 ,2 0 6
J u ly 1 t o Jun e 3 0 .
.
53,5 6 3 ,1 8 7 4 1 ,6 8 1 ,7 6 5 18,6 7 8 ,1 0 7 14,796,181
P e n n s y lv a n ia — L ines d ir e ctly o p e r a te d — •
E ast o f P itts & E r i e ..J u n e l 3 ,757 ,0 8 7 12,580,687 3 ,5 8 7 ,2 0 4
4,0 8 0 ,4 0 4
Jan 1 to Ju n e 3 0 - . . 8 0 ,4 2 3 ,9 4 9 70,1 4 2 ,9 4 9 2 0 ,7 3 1 ,3 4 6 18,389,046
In c.
12,000
I n c . 1,420,020
W e s t o f P itts & E r i e .Ju n e■
I n c . 1,673,000
I n c . 9,1179,700
Jan 1 to Jun e 3 0 ____
358 ,035
1 ,520,817
395, 535
P h lla B a lt & W a s h .
June■ 1,652,017
1,935,260
1,926 460
J an l to Ju n e 3 0 .
. 9 ,0 8 2 ,4 11 8,465,211
347 ,9 1 7
328, 908
1 ,195,079
P e rc -M a rq u e tte .b .
June 1,299,593
4,062, 369
J u ly 1 to June 3 0 _____ 1 5,995,625 14,169,505 4 ,7 0 2 ,3 8 2
140,159
785 ,510
211, 751
860,916
S t L o u is S o u t h w e s t .a ..J u n e
2,265, 932
2 ,458,144
•July 1 to Ju n e 3 0 . .......... 10,936,516 10,331,889
Sou th ern R a ilw a y —
261,
339,628
673,609
798,921
Cln N O & T e x P . b . .J u n e :
2,757,
3,5 4 8 ,5 0 8
7,8 2 6 ,0 8 2
J u ly 1 to Jun e 3 0 _______ 9,079,471
77,
100,558
293,382
370,965
A la G reat S o u t h . b . .J u n e
1,077,
1,325,853
3 ,560,292
J u ly 1 to Jun e 3 0 _______ 4 ,2 2 1 ,0 0 6
36,
28,644
102,149
168,481
G eorgia S ou & F l a .b .J u n e
554,
520,248
1,996,937
2 ,322,158
J u ly 1 to Jun e 3 0 _______ 2,3
140,
167 ,732
996,655
T e x a s & P a c ific , b ____ Jun e 1,160,282
1,140,
1,442,574
6,618,168
Jan 1 to June 3 0 _______ 7,4 3 0 ,0 7 6
p
l5 1 ,
p89
,7
0
6
T o l S t L ou is & W e s t .a .J u n e :
306,300
294,195
J u ly 1 to Jun e 3 0 .......... .. 3,7 7 2 ,0 3 6
3,428,644 p i , 2 2 2 ,716 p i , 202,
161,
708,655
202 ,847
V a n d a lla .b _____________ June i
871 ,034
2,143,
2 ,381,888
8,7 7 3 ,3 9 5
J u ly 1 to Jun e 3 0 _______ 0,8 3 1 ,4 8 0
171,
110,855
W e s t J ersey & Seash ore. June
537,124
549,424
325,
243,132
2,398,452
Jan 1 to Jun e 3 0 _______ 2 ,599,952
I N D U S T R I A L C O M P A N IE S
-N e t E a r n in g s—
------- G r o s s E a r n i n g s -------R oa d s.
C o m p a n ie s .
C u rren t
Y ea r.
$
A m e rica n E x press C o . b . A p r 1,877,734
J u ly 1 to A p r 3 0 _______ 16,222,824
A m T & T (A ssoc) C o s .a .J u n e l3 ,8 0 2 ,6 6 1
Jan 1 to June 3 0 _______80,6 3 4 ,6 1 4
C u m b erlan d T & T C o .b .J u n e
565,163
J an 1 to Ju n e 3 0 _______ 3,3 6 6 ,0 0 9
g M exica n Lt & P o w e r . .J u n e
567 ,560
Jan 1 to Ju n e 3 0 _______ 3,229,261
g M e x ica n T r a m w a y s ___Jun e
459,140
J an 1 to Jun e 3 0 ----------- 2 ,735,666
W ells F a rgo . b ___________A p r 1,216,965
J u ly 1 to A p r 3 0 _______ 12,116,599
P rev io u s
Y ea r.
C u rren t
Y ea r.
P rev io u s
Y ea r.
$
$
$
1,581,316
286 ,039
299,543
14,310,285
2 ,308,338
1,778,472
12,289,390
3,9 3 7 ,1 9 6
3 ,7 2 5 ,4 0 6
7 2,112,092
72,1
1 2 ,0 9 2 24,276,781 2 2,728,922
536,985
245,755
234 ,706
3,180,833
1 ,449,965
1,304,428
443,074
312 ,005
56,755
2 ,072,230
2 ,169,154
1,114,703
459,868
233 ,296
230,104
2,684,278
1.321,397
1,392,382
308,033
316 ,500
1,124,124
.
.
2,669,651
10,524,023
10,524,923
2,7 0 8 ,6 5 0
a Net earnings here g iv e n arc a fte r d e d u ctin g taxes,
b Net earnings here given arc b efore d e d u ctin g taxes,
c In clu des the N . Y . & O tta w a , the S t. L a w rence & A d ir o n d a ck an d the
O ttaw a & N . Y . R y ., the latter o f w h ich , being a C a n adian r o a d , does
not m ake returns t o th In t r-S tate oC m m e rce C om m ission .
e Inclu des the N orth ern O h io IU t.
g T h ese results are In M exica n c u rre n cy .
h For June 1910 a d d itio n a l Incom e Is g iv e n as sh o w in g a cre d it o f 8 4 ,369,
against a d e ficit o f 82,204 In 1909, and fo r period from J u ly 1 to Jun e 30
w as a deficit o f 539,241 In 1910, again st a deficit o f $67 ,915 last year.
j T h e c o m p a n y n ow Includes th e earnings o f th e A t c h . T o p . & S an ta Fe
R y , G ulf C o lo . & S an ta Fc R y ., E a stern R y . o f N ew M e x ico S y s tem ,
San ta Fe P re sco tt & P h o e n ix R y ., S ou th ern K ansas R y . o f T e x a s , and
T e x a s & G ulf R y . In b o th years.
F o r Jun e ta xe s a m o u n te d to 856 3,86 8,
against $32 0,28 0 In 1909; a fte r d e d u ctin g w h ich , net fo r Jun e 1910 w as
5 2 ,8 6 7 ,7 9 2 , against 8 2 ,9 1 6 ,9 9 5 last y e a r.
For period fro m J u ly 1 to Jun e 30
ta xes w ere 8 4 ,0 0 6 ,4 1 9 In 1910, again st $ 3,015,219 In 1909.
fc F or Jun e 1910 a d d itio n a l Incom e w as $ 18 ,274 , against $22 ,380 In 1909,
and fo r period fro m J u ly 1 to J tine 30 w as $14 4,60 5 In 1910, again st $ 161,053
last year.
,
p F or Jun e m iscella neous cre d its to Incom e w ere $16 6,37 3, against
$41 2,26 5 In 1909, an d fo r p eriod fro m J u ly 1 to Jun e 30 w ere $533,067 In
1910, against $75 2,21 9 In 1909.
s A fte r allo w in g fo r m iscella n eou s ch arges and cre d its to Incom e fo r the
m o n th o f June 1910, to ta l net earnings were $40 3,70 5, against 5386,703 last
y e a r, and fo r p eriod fro m J u ly 1 t o Ju n e 30 w ere $3,8 0 3 ,9 9 9 this y ea r,
against $4 ,4 3 8 ,4 1 1 .
Interest Charges and Surplus.
R oa d s.
— I n t . , R e n t a l s , & c .—
C u rren t
P rev io u s
Y ear.
Y ea r.
$
310 ,399
C o lo ra d o & S o u th e r n — June
J u ly 1 to Jun e 3 0 . .,------- 3 ,119,806
16,712
C op p er R a n g e ___________ M ay
147,351
J u ly 1 to M ay 3 1 .............
36,667
C u ba R a il r o a d __________June
435,210
J u ly 1 to Jun e 3 0 ----------112,633
D ulu th S o Sh & A t l — June
J u ly 1 to Jun e 3 0 ............. 1,173,253
225,091
G eorgia R a il r o a d ........... June
901,470
J u ly 1 to June 3 0 ----------11,695
M ineral R a n g e __________June
167,509
J u ly 1 to June 3 0 _______
463 ,836
M issouri K ansas & T e x .J u n e
J u ly 1 t o Jun e 3 0 _______ 6 ,629,705
$
267,345
3 ,0 7 7 ,5 8 9
12,937
135,812
34,774
399,291
96,939
1,095,341
74,078
741,329
13,175
172,799
450 ,376
6,428,648
— H a l . o j N e t E ’ n g s .—
C u rren t
P rev io u s
Y ea r.
Y ear.
$
$
C102.066
C129.310
02,949,698 02,198,859
d e f . 119
11,840
135,215
48,863
73,917
56,873
672 ,089
550,798
,rd ef5,355
£ 6 9 ,9 5 6
.-rdefS 1,8 24.rd ef201,447
z d e f.3 9 ,4 1 0 £ d e f.l5 ,8 7 2
£13 0 ,8 5 2 £ d f. 100,598
x d e f5 ,4 2 4
£ d e f7 ,7 1 5
.Tdef69,763 z d e f4 4 ,4 0 8
z d f.1 5 3 ,2 5 7
£20 8 ,2 8 2
£ 1 ,0 1 4 ,4 6 3 £ 1 ,3 8 6 ,2 9 5
333
THE CHRONICLE
A u g . t» 1 9 1 0 .
— B a l . o ] N e t E ' n g s .—
— I n t . , R e n t a l s , & c .~
C u rren t
P rev io u s
Y ear.
Y ea r.
H oa d s.
C u rren t
Y ea r.
$
$
S
$
P rev io u s
Y ear.
161,093
147,138
87,747
N Y O n tario A W e s te r n .J u n e
102,953
1,343,127
1,313,897
1,114,782
J u ly 1 to Ju n e 3 0 _______ 1 ,172,140
658 ,926
574,532
462,093
N orfolk A W e s t e r n -------Ju n e
503,583
6,224,358
8,3 8 1 ,2 2 5
5,3 7 2 ,9 8 7
J u ly 1 to Jun e 3 0 _______ 5 ,6 3 5 ,8 8 6
29,675 clef.24,183
346,122
Here M a r q u e tte __________Ju n e
380,012
40,652
469,714
4,2 5 6 ,2 6 9
J u ly 1 to Ju n e 3 0 ----------- 4 ,5 0 0 ,1 0 8
* 9 4 ,1 7 3
*17 ,1 9 6
163,347
S t L ou is S ou th w estern .J u n e
166,832
*7
2
4 .1 6 9
* 9 38 ,167
2,019,308
J u ly 1 to Ju n e 3 0 ----------- 2 ,0 6 5 ,0 9 7
IN D U S T R IA L COMPANIES.
__ I n t , R e n t a l s , etc.— — B a l . o f N e t E n o s .
C u rren t
Y ea r.
C o m p a n ie s .
P rev io u s
Y ear.
C u rren t
Y ea r.
ANNUA L R E P O RTS.
Annual Reports.—An index to annual reports of steam
railroads, street railways and miscellaneous companies which
have been* published "during the preceding month will be
given on the last Saturday of each month. This index will
n o t include reports in the issue of the “Chronicle" in which
it is published. The latest index will be found in the issue
of July 30. The next will appear in that of Aug. 27.
Norfolk & Western Railway.
( P r e l i m i n a r y S t a t e m e n t f o r F i s c a l Y e a r e n d in g J u n e
P rev io u s
Y ea r.
E A R N IN G S . E X P E N S E S
...
A m e r T & T (A ssoc) C os. Jun e
s lf« ’ fl33 5,57 8’ 4
7 ,9
« 0 5 18,720,448
M SM “
17,144,017
J a n 1 t o Ju n e 3 0 ............. 5,556,333
41,5 4 0
107,534
193,167
C u m b e rl’ d T A T Co
Jun e
48,221
255,821
1,102,433
1,108,606
Jan 1 t o Ju n e 3 0 .............
287,oJ<s
__
c A fte r a llo w in g fo r m iscella n eou s charges anil cre d its t o Incom e.
* A fte r a llow in g fo r o th e r Incom e r e ce iv e d .
ELECTRIC
R A IL W A Y
AND
TRACxIO N
Jan.
L a test C r o ss E a r n in g s .
N am e of
R oad.
W eek or
M o n th .
C u rren t
Y ear.
5
P rev io u s
Y ear.
339,113
Jun e . . .
151,851
J u n e ___
45,707
J u n e ___
8,937
M ay . . .
31,869
Jun e . . .
218,575
ta y . . .
9,524
M ay . . .
21.576
M ay . . .
Ju n e . . .
73.952
June . . .
1098,059
A p ril . . .
33,261
Jun e . . .
115,592
M ay _____
2d w k J u ly 208,809
95,340
J u n e ____
46,957
A p r i l ____
200 ,553
J u n e ____
51,148
M ay ____
50,993
J u n e ____
319 .103
142,568
43,865
8,193
31,758
184,82.1
12,088
18,745
16,003
67,257
997,347
30,771
103,525
153,046
83,036
44,289
164,887
47,510
42,122
1,844,095
738.771
255,305
43,141
1,695,080
677,953
234,619
37,7 2 0
1,070.700
39,022
102,820
103,448
393,747
4,1 5 0 .2 3 2
153.578
567.768
4 ,760,398
511,641
193,551
1,119,353
264 ,014
260 711
919,567
42,570
85.941
89,192
358 ,107
3,7 8 0 ,9 6 5
136,429
503,996
3,9 7 2 ,2 0 5
452,491
168,980
957,216
236 ,400
212,293
122,344
103,823
99.952
44,510
111,702
103,604
91,764
39.825
598,352
500,047
530,823
1,237,090
532,673
466,923
479,809
1,159,058
36,129
25,472
472 ,255
46,721
601,477
103,533
388,174
96,072
71,677
157,426
496,391
221,673
117,766
179.576
160,492
53.861
19,330
21,806
478 ,679
169,190
33,406
25,964
423 ,616
39,656
552,628
95.825
346,138
82,966
60,590
144,461
479 ,030
198,203
104,900
160,434
151,598
37,533
17,698
20,172
430,743
156,054
145.263
124,243
2 ,365,774
237,062
2,3 8 9 ,4 9 4
526,728
2 ,2 4 9 ,4 7 3
457 ,094
2 .295,272
887,954
3,1 6 0 ,5 5 2
1,087,335
556,656
1,274,946
765,607
227,916
128.269
122,577
2,101.518
195,739
2,1 8 5 ,0 7 0
474,677
2,015,853
385,978
2,056,128
831,704
3,041,084
973.941
483,348
1,191,842
759.016
149,144
106,025
2,6 4 5 ,6 1 3
761 ,476
96.609
2,2 7 2 ,7 7 9
689,960
945,454
625,793
4 ,3 7 3 ,5 7 0
3,6 3 5 ,8 7 9
85,401
241,858
52,379
467,961
16,221)
50,421
237,986
152,739
80,781
184,778
50,275
4 57 ,259
14.802
47.821
212 ,8 3 5
147,414
494 ,015
1,387,425
246,065
458,605
1,188,170
240 ,418
85,278
262,488
1,219,221
4 ,0 4 4 ,8 3 0
77*, 104
246,867
1,085,332
3,6 8 1 ,4 9 7
£11,975
£9,753
£6,393
620,626
30,60
£393,480
£328,656
£186,321
2 ,494.867
169,919
£388,510
£298,956
£177,017
2 ,337.252
158,424
A m erica n R y s C ° - - - c A u r Elgin A C h ic R y
B a n gor R y A E lec Co
B a to n R o u g e E lec Co
B in g h a m ton St R y . .
B ir m ’ ham R v . Lt * '
B r o c k to n A P ly St R y
C ape B reton E lec C o .
C arolina P ow A L t Co
C entral Penna T r a c . .
C h icago R a ilw a y s Co
C leve I’ alnesv A East
D allas E lectric C o r n .
D etroit U nited R y . .
D u lu th -S u perior TrC o
East P en na R y s Co
E a st St L ou is A S u h .
El P a so E le c t r ic -------F alrm A C larks T r Co
F t W a y n e A W abash
V a lley T r a c tio n Co. M ay _____
G a lv -I I o u s E lec C o ._ M ay _____
G ra n d R a p id s R y C o . J u n e _____
H a v a n a E lectric R y . W k J u ly 31
H on olu lu R a pid Tran
A p r i l ..........
& L a n d Co
H o u g h to n Co T r a c Co M ay ..........
Illin ois T r a c tio n C o . . M ay _____
J a c k s o n v ille E lec C o- M a y ...........
K ansas C ity R y & Lt A p r i l -------L a k e Shore E lec R y . J u n e _____
M llw El R y A L t C o . J u n e ______
M l l w L t H t & T r C o . . J u n e --------M on trca l S treet R y - - W k J u ly 23
N ash vllle R y & L ight J u n e _____
N ew O rleans R y A L t J u n e ______
N orth O h io T r a c & Lt J u n e ______
N orth T ex a s E lec C o . M ay _____
J u l y ______
N orth w cst E lcv Co
N orf & P ortsm T r Co M a y ______
May ..........
O k la h om a C ity R y
P a d u ca h T r & L t Co.. M ay _____
P en sa cola E lectric Co M ay _____
P o rt (Ore) R y l i t P t o l i m e _____
P u g et S ou n d E lec C o . M ay ______
R io de Jan eiro T ram
L ig h t & P o w e r ------- J u n e ______
St Joseph (M o) R y L t
H ea t & P ow er C o . . Ju n e . . .
S ao P a u lo T r , L t & P J u n e __
S av an n ah E lectric Co M ay _ .
S eattle E lectric C o . . M ay . .
S ou W iscon sin R y Co Iune . .
T a m p a E le c tr ic C o . . M ay . .
T o le d o R y s & L ig h t. M ay _____
T w in C ity R a p T r a n . 3d w k J u ly
U n d ergrou n d El R y
of L o n d o n T h ree tu b e lin es— W k J u ly 30
M etrop olita n D ls t . W k J u ly 30
U n ited T r a m w a y s . W k J u ly 30
U nited R R s o f San I-r A pril . .
W h a t c o m C o R y & L t M ay - c
1 t o la t e s t d a t e .
C u rren t
Y ea r.
P rev io u s
Y ear.
$
COMPANIES.
16,313
£12,020
£10,752
£6,451
648,015
35,404
T h ese figures are fo r co n so lid a te d c o m p a n y .
^
Iho following table gi\es
the returns of ELECTRIC railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
Electric Railway Net Earnings.
tub.
lrlwwl
mrill
Ur* f n i i n r l i n
flip
ifiSllfi
OI
JU lV
o l) l i i l O .
issue of Aug. 27 1910.
1 IlC
------ C r o s s E a r n i n g s ------- --------N e t E a r n i n g s -------C u rren t
Y ea r.
R oa d s.
P rev io u s
Y ear.
C u rren t
Y ea r.
$
$
$
23,717
43,865
45,7 0 7
Ila u gor R y A E lect b
31 1,969
522,329
555 ,937
J u ly 1 to Ju n e 3 0 .
15,177
31,758
3 1 ,869
B in g h a m ton St R y b . .J u n e
148,533
331 .776
348 ,786
212,823
479
,030
.J u n e
496,391
N ew O rl R y A L ig h t
1,480,424
3,0 4 1 ,9 8 4
Jan 1 t o Jun e 3 u ----------- 3,1 6 0 ,5 5 2
348 ,9 2 7
59$,101
650,604
T w in c i t y R a p T r Co b . June
1.834,120
3 ,2
J a n 1 to Jun e 3 0 ............. 3 ,5 8 2 ,2
. 48
. 5 0 ,0 6 0
a N et earn in gs here given a fte r d e d u ctin g ta x e s.
*b N et earnings here give n are b e fo re d e d u ctin g taxes.
.June
P rev io u s
Y ea r.
$
22,675
273 ,996
13,001
138.258
201,532
1 ,411,790
332 ,2 2 0
1,627,584
Interest Charges and Surplus.
R oa d s.
C u rren t
Y ea r.
P rev io u s
Y ea r.
$
$
13,071
13,014
B a n g or R y A E l e c t - - .J u n e
157,279
149,765
J u ly 1 to Ju n e 30
9,784
8,935
.J u n e
B in g h a m to n S t R y .
108,428
107 ,549
J u ly 1 to Ju n e 3 0 ----------176,526
171 ,955
N ew O rl R y A L ig h t ..J u n e
1,035,834
Jan 1 to Jun e 3 0 ----------- 1,000,028
0140,251
T w in C ity R a p T r C o . . .J u n e C140.112
0827,758
0841,142
Jan 1 to Ju n e 30
o
n
preferred
s
to
c
k
,
c In clu d es dividen d,
* A fter a llow in g fo r oth e r Incom e re ce iv e d .
C u rren t
Y ea r.
$
10,646
154,1591
5,393
4 0 ,1 0 5
36,297
426 ,414
20,815
992,978
P rev io u s
Y ear.
$
9,661
124,231
4,066
3 0 ,7 0 9
29,577
375 ,950
191 ,909
799,820
E a r n in g s —
P a ssen ger, m all a n d e x p r e s s ---------- . . .
F re igh t -------------------------------------------- . . .
A N D
CH ARGES.
1909-10.
1,945
$4,815,724
3 0 ,2 4 8 .1 4 6
1908-09.
1 ,925
$4,445,781
21,8 8 1 ,3 2 0
30 1910.)
1907-08.
1,881
84,7 9 8 ,2 7 8
2 4 ,1 6 3 ,9 3 9
-$ 3 5 ,0 0 3 ,8 7 0 $29,327,101 $2 8 ,9 6 2 ,2 1 7
T o ta l e a rn in g s------------------ ---------O p e r a tin g E x p e n s e s —
$ 3 ,3 8 4 ,7 0 9
$ 3 ,331,888
M ain ten an ce o f w a y A stru ctu res . . . $ 3 ,7 5 2 ,0 4 5
4,9 1 0 ,2 4 2
4 ,9 1 9 ,4 3 5
. _ 5 ,9 5 1 ,9 0 7
475 ,578
487 ,106
...
551,806
T r a ffic e x p e n s e s -----------9-.324.276
8,3 4 0 ,9 9 2
. . . 10,069,726
C on d u ctin g tran sp ortatio
669 ,909
644 ,335
...
7 2 1 ,2 7 5
G eneral e x p e n s e s ---------T o ta l e xp en ses —
N et e a r n in g s -------------F ix e d charges and taxes
.$ 2 1 ,0 4 6 ,7 5 9 $1 7 ,7 2 9 ,7 5 6
. ..$ 1 4 ,0 1 7 ,1 1 1 $1 1,597,345
. $5,0 3 5 ,8 8 6
$ 5 ,3 7 2 ,9 8 7
l__
919,668
919,668
$ 5 ,2 4 8 ,4 8 0
919 ,656
T o ta l d e d u ctio n s
...................
$ 9 ,8 6 3 ,6 6 6 $8,8 7 1 ,4 2 3 $ 9 ,0 6 9 ,2 5 0
B a lan ce s u rp lu s. 11 ________________ $ 4 ,1 5 3 ,4 4 5
$ 2 ,7 2 5 ,9 2 2
$ 1 ,1 2 8 ,2 5 3
A m o u n t o f c o m m o n s to c k d iv id e n d In 1909-10 Is a p p ro x im a te an d n ot
o ffic ia l.— V . 90, p . 1425.
Colorado & Southern Railway.
( P r e l i m i n a r y S t a t e m e n t f o r F i s c a l Y e a r e n d in g J u n e
30 1910.)
C O M B IN E D S U M M A R Y O F O P E R A T IO N S O F A L L C O L . & S O . L IN E S
1909-10
1908-09.
1907-08.
O p era tin g r e v e n u e ---------------------- . . .$ 1 6 ,7 7 4 ,6 2 8 $ 1 5 ,080 ,41 2 $ 14 ,283 ,13 3
O p era tin g e x p e n s e s ............ .................... - 10,8 6 1 ,4 6 0
1 0 , 6 8 7
9 ,5 4 2 ,8 0 9
N et o p e ra tin g r e v e n u e ------------------ _ $ 5 ,9 1 3 ,1 6 8
.
475 ,933
$ 4 ,8 5 4 ,7 2 5
393 ,9 0 7
$4,7 4 0 ,3 2 4
407,101
O p era tin g In c o m e -------------- ----------- . $ 5 ,4 3 7 ,2 3 5
156,336
M iscellaneous cre d its t o in co m e (net) .
$ 4 ,460,818
421 ,723
$ 4 ,3 3 3 ,2 2 3
243 ,167
$ 4 ,5 7 6 ,3 9 0
$4,882,541
T o t a l _________________________ ______ . $5,593,571
/ )/n/11cl ■■
In te re st o n b o n d s A c
____________ $ 2 ,6 4 3 ,8 7 3
$2,6 8 3 ,6 8 2
$2,4 6 3 ,0 5 8
D ivid e n d s o n Hrst p reL s t o c k _______(4 % )3 4 0 ,0 0 0 (4 % ) 3 4 0 .0 0 0 ( 4 % )3 4 0 ,0 0 0
do
s e co n d p re f. s to c k . . (4 25 )3 4 0 ,0 0 0 (4 % ) 3 4 0 ,0 0 0 ( 4 % ) 3 4 0 ,000
do
c o m . s tk . (2 % D e c. 31 ’ 09 ) 620 ,0 0 0 (2 % ) 6 2 0 ,000
--------------T o t a l d e d u c t io n s ---------------------------- _ $ 3 ,943,873
B a la n ce , su rp lu s------ ------------------ . $1,6 4 9 ,6 9 8
— V . 91, p . 214 .
$ 3,983,682
$898,859
$ 3 ,1 4 3 ,0 5 8
$1,4 3 3 ,3 3 2
,
Southern Indiana Railway— Chicago Southern Railway.
( R e p o r t o f C o m m i t t e e — A u g . 19 1908 to J u n e 30 1910.)
The reorganization committee, whose plan is outlined on a
subsequent page, makes substantially the following statement:
D e f a u l t s — A p p o i n t m e n t o f R e c e i v e r .— M yron J . C a rp en ter w as a p p o in te d
re ce iv e r o f th e S ou th ern In d ia n a R y . C o . on A u g . 19 1908 an d Im m ed iately
t o o k possession o f the properties o f th a t c o m p a n y an d o f th e C h icago
S ou th ern R y .
H e w a s a p p o in te d re ce iv e r o f the la tte r A u g *-•> 1908.
W h e n the re ce iv e r t o o k possession , there w as p r a c tic a lly n o cash o n h an d,
w ages and s u p p ly bills w ere In d e fa u lt: e q u ip m e n t n otes w ere o v e r d u e and
th e business o f th e road s had fallen a w a y . T h e Ch ca g o S ou th ern R y . C o.
had m ade d e fa u lt In the p a y m e n t o f th e Interest due J u ly 1 1908 on Its 1st M .
5 % b o n d s. Issued u nd er m tg e . d a te d J u ly 1 1906, and n th e p a y m e n t o f th e
p rin cipa l due J u ly 1 1907 o f th e 5 % co lla te ra l g o ld b o n d s Issued u nd er
trust agreem en t d a te d J u ly 1 1905. T h e S ou th ern In d ia n a R y . C o . had
d e fa u lte d o n the Interest due A u g . 1 1908 o n Its 1st M . 4 % g o ld b on d s
issued und er d eed o f trust d a te d F e b . 1 1901.
.
A d j u s t m e n t o f C a r T r u s t s — S u r r e n d e r o f U n d e s i r a b l e E q u i p m e n t .— W h en
the re ce ive r w as a p p o in te d , the S ou th ern In d ia n a R y . C o. had e q u ip m en t
notes o u tsta n d in g, to p a y w h ich , w ith Interest, o n N o v . 1 1908, w o u ld have
rem dred $ 75 3,33 4. M uch the larger part o f the n otes w as o v e r d u e . A
settlem en t w as m ade w ith th e holders o f the n o te s b y w h ich th e y a c c e p te d
8200 000 In cash and new notes fo r th e b a lan ce o f $55 3 ,3 3 4 , p a y a b le o n e fo u r th o°n N o v . 1 1909 and on e -e ig h th o n each M ay an d N o v . ^ h e r e a ft e r
th e Inst n a vm e n t fallin g d u e o n N o v . 1 1912.
In o ld e r t o raise m o n e y lo r
th e p a y m e n t o f $20 0,00 0 on a c c o u n t o f the e q u ip m e n t n o te s, a p a y m e n t on
a c c o u n t o f live new lo co m o tiv e s fo r the S ou th ern In d ia n a , th e p a y m e n t o f
so m e $87 ,000 In ta xes o f th a t c o m p a n y and
m e n t an d o th e r pu rp oses, th e re ce iv e r sold at p a r $ 3 8 -,0 0 0 r e c e iv e r s cer
tmW h e n th e re ceiver w as a p p o in te d , th e o n ly e q u ip m e n t o ^ e d b y th e
C h icago S ou th ern R y . C o. w as 10 lo co m o tiv e s anil 235 sid e -d u m p cars. the
cars be in g s u b je c t to $78 ,122 e q u ip m e n t trust n o te s. ° “
m 1®®®*
large m a jo r ity o f these n otes was In d e fa u lt, and t he v e rid o r o f t h e c u r s
cla im e d th e rig h t t o re-tak e an d sell the cars, an d also cla im ed th a t th e ie w as
due fro m the re ceiver fo r rental and d e s tro y e d cars $1.),000 , an d fu rth er,
th a t a sale o f the cars w o u ld fall t o p a y the a m o u n t d u e o n th e n o te s b y
$ 33 ,000 .
B elievin g th a t the d u m p cars w ere p r a c tic a lly useless fo r th e
pu rposes o f th e r o a d , th e re ce iv e r m a d e a c o m p le te se ttle m e n t w ith th e
v e n d o r an d n oteh old ers, u nd er w h ich the n o te s w ere d is ch a rg e d , th e cars
w ere retu rn ed to the v e n d o r and a cash p a y m e n t o f S o ,000 m ade b y the
re ceiver. T h e re ceiver then b o u g h t fo r th e C h icago S ou th ern 200 oO -ton
coal ears o f m o d e rn co n s tru ctio n fo r $ 1 4 3 ,0 0 0 , o n e -fo u rth p a y a b le In cash
and the rem ain der In ca r-tru st n otes p a y a b le In eq u a l m o n th ly-In stallm en ts
e x te n d in g o v e r a p eriod o f s ix ty m o n th s , an d live large fre ig h t lo c o m o tiv e s
•it i c o s t o f $78 750, o n e -fo u rth o f w h ich w as p a y a b le In cash a n d th e re
m ainder In annual Installm ents, o n e -e ig h th each o n Ju n e 24 1910 a n d Jun e
24 l ‘) l l and o n e -fo u rth each on Ju n e 24 1012 and Ju n e 24 191 J.
It is e x p e c te d th a t th e re ceiver w ill, at an ea rly d a te , c o n t r a c t fo r th e
purch ase o f a con sid era b le a m o u n t o f n e w f f 1J}o t e ^ to r Urn°purchase nHce
co m p a n ie s b u t In th at case he w ill e x e cu te Ills n otes to r ttie p urena se p rice,
w h ich , h o w e v e r , will co n ta in a p ro v is io n p erm ittin g th eir r e d e m p tio n In
a n d 1 st M . C o u p o n s .— O ut o f the earn in gs o f th e
properties* th e re ce iv e r has paid n ot o n ly all Installm ents o f p rin cip a l,
a m o u n tin g t o $ 314 , 659 , an d all Interest o n th e e q u ip m e n t n o te s th a t h a ve
fallen d u e b u t lias. In a d d itio n , m ade a n tic ip a to r y p a y m e n ts o f p rin cip a l
a m o u n tin g t o $497219. H e has paid th e Interest o n th e 1st M . b o n d s o f th e
I S f t h e r n In d ia n a R y C o. due A u g . 1 1908 a n d F eb . 1 1909, has m ad e p rovfsVon fo r th e p a y m e n t o n A u g . 1 1910 o f th e Interest d u e A u g . 1 1909. an d
he has co n sid erable cash o n h an d at th e p resen t tim e .
M B e a g e — l . S ou th ern In d ia n a R y .— T erre H a u te t o S e y m o u r , I n d ..
121 42 m • T erre H au te B elt, 7.45 m .; W e s tp o r t bran ch , 26.4a m .; S u lliva n
branch 18 48 m .; C h icago e x te n s io n , 28.46 m .; coa l bran ch es, 25.93 m .;
lo t'll 228 19 m iles. 2. C h icago S ou th ern R y . — In d ia n a -Illln o ls S ta te line
to a p o in t near C h icago H e igh ts, 111., 114 .30 m iles; to ta l b o th r o a d s . 342 .49
m iE a u i n m e n t .—
S ou th ern In d ian a R y . — 46 lo co m o tiv e s . 31 passenger cars,
24 1 b o x cars, 23 s to c k cars, 1,004 llat cars, 4,5 0 7 co a l cars, 84 o th e r cars.
C h ica go Sou th ern R y .— 15 lo c o m o tiv e s an d 200 co a l cars.
G rand t o ta l,
61 t o c o m o t h x s . 31 passenger cars a n d 6.062 fre igh t cars.
__ T h e general sch em e Is t o h a v e a new c o m p a n y a cq u ire th e p r o p
erties o f the e x is tin g co m p a n ie s , t o le a v e u n d istu rb e d the S ou th ern In d ian a
R y Co 1st M. b o n d s, t o g iv e t o h olders o f th e o th e r secu rities In com e b on d s
334
THE CHRONICLE
P-n ^
° f th e n ew c o m p a n y , and t o raise e n ou gh m o n e y b y the sale o f
b on d s Issued u n d er a first and refu n din g m o r tg a g e ” (w h ich Is to be a first
m t (jre. u p o n th e p rop erties n o w ow n e d b y th e C h icago S ou th ern R y . Co.
u p ™ th c ,o tllc r p roperties) t o p a y oft o r p r o v id e fo r the
TnfiVlficat.e s > the e q u ip m e n t o b lig a tio n s , Interest In d e fa u lt on the
^ h t n e r n In d ia n a 1st M . b on d s an d the e xp en ses o f re o rg a n iz a tio n , so th a t
b ? s u b sta n tia lly w ith o u t d e b t o th e r than the 1st M.
tb e ®°,uth ern Indian a lt y . C o ., the new “ first an d r e fu n d in g ”
bouh s- the n ew Incom e b on d s a n d su ch e q u ip m e n t tru st n o te s as m a y be
ofSthe p I a n CC° Unt °* tb e I)urctlase ° t new e q u ip m e n t su bsequ en t to the date
the fo llo w in g ta b le s, th o se sh o w in g earnings, expenses
i nf onl ? ’ ? n,d rulieage and e q u ip m e n t, a rc fu rn ish ed b y the re ceiver.
> th a t the figures fo r th e p eriod b efore he t o o k possession are taken
rrom book s k ep t b y the fo rm e r o fficia ls o f the c o m p a n ie s.
For co n v e n ie n ce
in m a k in g c om p a rison s, the receiversh ip Is treated In the tables as h a v in g
begun on S e p t. 1 1908, an d th e m on th o f A u g u s t 1908 Is treated as th ou gh
the p rop erties had been o p e ra te d fo r the w h ole o f th a t m on th b y th e rail
w a y c om p a n ies. T h e C h icago S ou th ern w as n o t o p e n fo r business until
A o v . 10 1907, an d fro m th a t tim e until th e a p p o in tm e n t o f a receiver Its
a c c o u n ts w ere m erged In th ose o f the S ou th ern In d ia n a : so th a t It Is not p o s
sible t o state sep a ra tely th e earnings an d expen ses o f th e tw o road s b efore
th e receiversh ip . T h e figures w ere prepared o n th e e x p e c ta tio n th a t the
reorg a n iza tion w ou ld be c o m p le te o n Ju n e 1 1910, and th erefore m a n v o f
th e figu res speak as o f th a t d a te .
A N N U A L E A R N I N G S A N D I N C O M E ( J U N E 1910 E S T . B Y R E C ’ R ) .
Y r . t o A u g . 31 1908. Y r . t o A u g . 31 ’ 09. Y r . t o J ' n e 30 1910
E a r n in g s , & c .— O t
B o th C o s .
B e fo r e R e c e iv 's h ip .
U n d er R e ceiv ’s h ip .
U n d er R e c e iv 's h iv
$1,5 9 7 ,3 4 2
910,831
$ 2 ,068,694
1,186,804
G ross earns. & l n c . . $ l , 540 ,210
o p e r a t in g e x p .......... 1,065,094
N et earns. & In c . $47 5,11 6
$686,511
$88 1,88 9
------Y e a r e n d e d D e c . 31 1909------ Y r . e n d . J ’ n e 30 ’ 10 ( J u n e e s t . )
S ou . In d .
Ch. S ou.
T o ta l.
S o u . Im l.
Ch. Sou.
T o ta l.
G ross ..$ 1 ,3 9 2 ,2 2 5 $378,581 $1,7 7 0 ,8 0 6 $ 1 ,6 0 4 ,5 2 9 $46 4,16 5 $2,0 6 8 ,6 9 4
O p. e x p .
765 ,002
199,194
964,196
942 ,415
244,389
1,186,804
N et . .
$627,223 $179,387
$ 806,610
$66 2,11 4 $21 9,77 6
$88 1,89 0
N E T E A R N I N G S A N D I N C O M E F R O M A U G . 31 190/ T O J U N E 30 1910 ( J U N I
1910 E S T I M A T E D )
Y r . en d .
— Y e a r en d . A u g . 31 1909— -1 0 M o s . en d . J u n e 30 1910A u g . 31 '08.
( U n d e r R e c e i v e r s h ip .)
(U n d e r R e c e i v e r s h ip .)
S ou . In d .
T o ta l.
September _ .
O c t o b e r ... .
N ovem ber. .
December . .
January . .
F eb ru ary.. . .
M a rch ____ . .
A p r il......... . .
M a y _____ . .
J u n e -------- . .
July _____
August . . . . .
$6/,236
69,567
60,557
62,381
40,202
38,672
42,131
13,058
14,239
4,324
17,231
45,518
$37,928
53,137
45,463
39,529
34,503
38,186
47,278
54,206
47,281
45,516
49,423
60,560
C n .S o u .
$2,779
8,773
13,178
4,045
7,325
12,536
16,050
14,935
15,250
8,941
11,851
11,803
T o ta l.
$10,707
61.910
58,64 1
43,574
4 1,828
59,722
63,328
69,141
62,531
51,487
61,274
75,369
S o u . In d .
$56,018
66,954
66,210
61,022
48,399
47,041
54,704
22,423
60,354
68,969
$15,639
19,535
20,318
19,205
19,105
22,52/
28,991
1,261
16,436
27,106
871,687
$0,489
80,528
80,22/
67,504
69.56S
83,695
23,084
76,790
96,075
............
......... ..
______
Total ------ $4 5,116 $553,046 $133,466 S688.512 $532,124 $199,123 $742 2 4 /
N o t e .— The Chicago Southern was opened for traffic Nov. 10 190/
There was a
strike of coal miners during April 1910. June 1910 estimated by-jrccelver.
L I A B I L I T I E S , IN C L U D IN G C A P I T A L S T O C K (A C C R U E D M N T E R E S T
I S F I G U R E D T O J U N E 1 1 9 1 0 ),
1. B efore R e o rg a n iz a tio n .
— C h i c a g o S o u t h e r n -------- S o u t h e r n I n d i a n a —
P r in c ip a l. A c e r . In i.
P rin c ip a l.
A c c r .I n t .
.
$71 5,00 0 $104,271
3 ,2 8 5 ,0 0 0 396 ,937
1 ,902,500
288 ,229
92,950
690
-
C ollat. b o n d s . ® . .
1st M . b o n d s . ! / . .
G en. M . b o n d s .!/
S y n d ica te cer tfs .!/
E q u ip , o b lig a 'n s
(to Ju n e 1 9 1 0 ).
R e c e iv e r ’s c e r tfs .
F lo a tin g d e b t . 2 . .
C apital s t o c k -------
320 ,000
1 ,500,000
G ra n d
T o ta l.
__________
_______
$819,271
$ 7 ,5 3 7 ,0 0 0 $40 1,97 3 11,620,910
3 ,2 1 2 ,0 0 0 334 ,583 3,5 4 0 ,5 8 3
__________
_______
2 ,190,729
397 ,544
382 ,000
847 ,0 0 0
11,0 0 0 ,0 0 0
1,656
1,910
492 ,8 4 0
383,910
1,167,000
12,500,000
T o t a l ..................$ 7 ,815,450 $79 0,12 7 $2 3 ,3 7 5 ,5 4 4 $ 7 4 0,12 2 $32 ,721 ,21 4
2. N ew C o m p a n y .
S ou th ern In d ian a 1st M . b o n d s (u n d is tu r b e d )_______ $7,5 3 7 ,0 0 0
100,493
A c c r u e d I n t e r e s t........ ..........................— ..........................
" F ir s t an d refu n d in g ” b o n d s ..............................................
2,5 0 0 ,0 0 0
I n c o m e b o n d s ...........................................................................
6,500,000
S t o c k ..................................... - ......................................................
5,500,000
------------------- 22,137,493
S h ow in g a re d u c tio n In liab ilities. Inclu din g ca p ita l s t o c k , o f . . $10 ,583 ,75 1
In clu d in g th ose p le d g e d 'a s collateral, b u t e x c lu d in g those p led ged
u n d er 1st M .
y In clu d in g th ose p led ged as collateral.
z T h is represents th e a m o u n t o f cla im s filed w ith the special m aster
ex c lu d in g Indebtedness lo r w hich bon d s o r s y n d ica te certificates have
been p led g ed , an d cla im s ble d b y J o h n R . W alsh o r J. It. W alsh & C o __
V . 91, p . 277, 215.
x
American Pneumatic Service Company.
81 1910.)
Pres. Wm. II. Ames, Boston, June 0, wrote in substance:
(R e p o r t f o r F i s c a l Y e a r e n d in tj s t a r c h
G e n e r a l R e s u l t s .— T h e y ear e n d in g M arch 31 1910 sh ow s co n solid a ted
net surplus earn in gs, a fte r p a y in g all ch arges. Interest an d sinking fu n d , o f
$ 21 1,84 2, again st $14 4,95 9 fo r th e llscal y ear 1908-09, o r an Increase o f
4 6 % . T h e a ctu al net earnings w ere m u ch In excess o f $21 1,84 2, but It
w as necessary to charge again st th em e x tr a o r d in a r y legal and o th e r e x
penses th a t w ere c o n tr a c te d fo r d u rin g the tw o pre ce d in g years, and w hich
w ere n ot co m p le te d until tills y e a r. T h ese a ggregate $9 1 ,7 /2 .
N e w S t o c k .— O n M arch 5 1910 the a u th orized capital s to c k w as Increased
b y $ 3 ,0 0 0 ,0 0 0 o f 1st p re f. 7 % cu m u la tiv e s t o c k , o f w hich $1,500,000 has
been sold an d Issued. A part o f the p ro ce e d s has been used to retire o u r
floa tin g d e b t , an d th e balance w ill be used to c o m p le te the co n stru ctio n
o f o u r m a il-tu b e lines In N ew Y o r k an d exte n sio n s In o th e r cities. T h e
e m a ln ln z $ 1 ,6 0 0 ,0 0 0 o f this s to c k Is retain ed unissued (V . 90, p . 70 1 ).
E x t e n s i o n s .— T h e w ork n o w being d on e In N ew Y o r k C ity will co m p lete
all th at th e G overn m en t has n o w c o n tr a c te d fo r w ith us In th at c it y , but
the P o s t-O ffic e D ep a rtm e n t Is at present con sid erin g th e a d v is a b ility o f
h a v in g built a sp ecial line o f d o u b lc-e ig h t-ln ch tu bes in N . Y . C ity to
c o n n e c t the new P en n sy lv a n ia R R . sta tion w ith the G eneral P o st O ffice
d ow n tow n an d the G rand C entral sta tio n a t 42d S t. T h is line, If built,
w ill be a b o u t 4 A m iles lo n g , an d w ill be co n n e c te d w ith th e e x istin g llne 3.
T h e N ew Y o r k P n eu m a tic S ervice C o. on e o f o u r subsidiaries, has
en tered Into a c o n tr a c t w ith th e U nited S tates T re a su ry D e p a rtm e n t for
th e co n s tr u c tio n fo r It o f a d o u b le line o f eigh t-in ch tubes c o n n e ctin g the
C u stom R o u s e an d A p p raisers’ W areh ou se In N ew Y o r k C ity. T h is line
Is a little o v e r 2 m iles In le n g th , a n d w hen co m p le te d In D e ce m b e r 1 9 to ,
w ill be ow n ed an d op era te d b y th e T re a su ry D e p a rtm e n t fo r the rapid
transm ission o f papers an d d o cu m e n ts beneath the con gested streets.
T h is line m arks the o p e n in g o f a new Held fo r y o u r c o m p a n y , w hich
sh ou ld be v e r y p rofita b le because o f Its ow n ersh ip o f valu able paten ts.
Vice-President Oakes Ames, June 1 1919, wrote in brief:
T h e op era tin g results o f th e sto re service co m p a n ie s fo r the past year
s h o w a gross business o f $ 1 ,3 9 7 ,8 8 3 , o r an Increase o f p ra ctica lly 2 0 % ;
net earnings w ere $ 17 9,92 6, o r an Increase o f 0 8 % ; w hile the surplus after
d e d u ctin g all charges. Inclu din g p ro fit an d loss a d ju stm e n ts, w as $16 3,65 3,
o r an Increase o f 5 0 % .
D uring the year, there w ere Included In expenses
a m o u n ts a g g reg a tin g som e $30 ,000 fo r e x tr a o r d in a r y charges.
D u rin g th e fiscal year new c o n tr a c ts ta k en h a v e e x ce e d e d th ose o f the
previou s y ear b y 5 1 % a n d n early all at b etter prices.
R e p o rts th ro u g h o u t
the co u n tr y w o u ld Indicate a c o n tin u e d g o o d business fo r the c o m in g year.
T h e d em an d s fo r o u r special c o n v e y in g ap p a ra tu s a rc Increasing steadily]
and bid fair to equ a l In v o lu m e an d Im p orta n ce o u r regu lar store service
business. M any o f the large o ffic e an d m u n icip a l b u ildin gs are p r o v id in g
c o n v e y in g a p p a ra tu s fo r e x p e d itio u s deliveries o f m all, ord ers, & c .
D uring the year w e h a ve co n su m m a te d a c o n tr a c t w ith the N a v y D epart
m en t p ro v id in g fo r a n y fu tu re use b y o u r G o v e rn m e n t o f p n e u m a tic a m m u -
[V O L . L X X X X I .
n itlo n h oists.
In a d d itio n to th e Installation a lr e a d y m a d e , w e h a v e
su b m itte d plans fo r several ty p e s o f hoists fo r th e 12-Inch turret g u n s ,
and are s h o rtly to take up the p ro b le m o f h a n d lin g a m m u n itio n fo r 14-ln ch
guns.
G o o d progress has been m ade d u rin g the y e a r In th e d e v e lo p m e n t o f
new an d Im p ro ve d cash -carrier a p p a ra tu s, an d p la cin g o u rselves In a
p o sitio n to m eet a n y co m p e titio n w h ich m a y sp rin g u p .
The officers of the mail-tube department say:
T h e N ew Y o r k P n e u m a tic S e rvice C o. has e x te n d e d Its p o s ta l-tu b e lines
t o S ta tio n V , co rn e r o f Beach S t. an d W est B ro a d w a y ; S ta tio n II W e s t
102d S t. near A m ste rd a m A v e .; S ta tio n C, 9th A v e . an d 13th S t • and
has d is co n n e cte d Its tu bes fro m S ta tio n A , N o . 136 G reene S t , pen d in g
th e r e m o v a l o f the sta tio n to a new site .
N et Increase In m ileage, 1.0708
m iles. T h e to ta l len gth o f all th e lines In N ew Y o r k Is n o w 21.9459 m iles
o f d o u b le tu be.
N ew tra n sm ittin g an d re ce iv in g term inals h a v e been d e sig n ed ; also
an a u to m a tic m o to r co n tro lle r to e c o n o m iz e p o w e r In o p e ra tio n .
D u rin g th e su m m er o f 1909 the C h icago P osta l P n e u m a tic T u b e C o.
c o n s tr u c te d a liv e -fo o t tunnel u n d e r th e C h icago R iv e r a t W ells S t ., to
re-estab lish th e tu b e s ervice b etw een th e G eneral P o s t O ffice an d the
C h icago & N orth W estern R y . s ta tio n . T h e tu b e line w as relald fro m
La Salle S t. an d H a d d o c k P lace to the N orth W estern s t a tio n , v ia the
tunnel .2781 m iles. T h e op e n in g o f the N orth W estern line increased the
o p e ra tin g m ileage o f the C h icago system 1.7958 m iles.
In B o s to n , B a ck B a y sta tion w as m o v e d to a new site o n H u n tin g to n A v e .,
Increasing the len gth o f tu be lines 0.1070 m iles.
C hanges In S ta tio n A ,
Increased the length o f line 0.0147 m iles.
N o new lines w ere c o n s tru cte d In S t. L ou is du rin g th e y e a r.
O n M arch 31 1910 o u r gross Incom e fro m the U. S. P ost O ffic e D e p a rtm en t
fo r p n e u m a tic-tu b e s ervice w as a t the rate o f $86 9,39 4 per y e a r.
T h is
service con sists o f 40.5526 m iles o f d o u b le p n e u m a tic tu b e s , c o n n e c tin g
40 p o s t o ffice s and railroad -depots, as fo llo w s:
B o s to n , 6.7740 m ilesN ew Y o r k , 21.2763 m iles; B r o o k ly n , 1.3500 m iles; C h ica g o , 9.2058 m iles;
S t. L ou is, 1.9465 m iles.
M a i l - T u b e S e r v i c e f o r th e L a s t T h r e e F i s c a l Y e a r s .
1909-10.
1908-09.
1907-08.
38.5 8 3 0
30.6124
23.0085
A v e ra g e m iles In o p e r a t io n ........................
G ross In co m e.......... ......................................
$65 8,95 3 $525,021
$39 0,24 2
N et o p e ra tin g e a rn in g s__________________
316 ,124
219,432
99,962
T h e per m ile co st o f o p e ra tin g th e system s has been fu rth er r e d u c e d ,
a m o u n tin g to a p p ro x im a te ly 1 1 % per m ile, as c o m p a r e d w ith th e year
1908-09 and 3 0 % per m ile as c o m p a re d w ith 1907-08. T h e Increase In
the a m o u n t o f m all han dled has been v e r y d e c id e d , an d w c are n o w h a n d lin g
o r transferring betw een 70,000 and 75,000 carriers per d a y , an d trans
p o rtin g betw een 14,000,000 an d 15,000,000 letters.
Treasurer Gilman Clapp, June 9, wrote in part:
D u rin g the y ear there w ere e x tra o rd in a ry ex p e n d itu re s o n a c c o u n t o f
past litiga tion an d the a cq u irin g o f th e U nited .Store S e rvice & T u b e C o 's ,
paten ts, and legal expenses In c o n n e c tio n w ith th e d e v e lo p m e n t o f the
am m u n itio n h oist, a m o u n tin g to o v e r $9 4 ,0 0 0 , all o f w h ich w ere ch a rged
against the earnings fo r th e y ear, a lth o u g h a largo p o rtio n w as p r o p e r ly
ch argeable against the earnings o f the p re vio u s y e a r .
S ince the close o f th e llscal ye a r the c o m p a n y has received $ 1 ,0 2 4 ,4 1 0
on a c c o u n t o f the sale o f $ 1 ,500,000 o f Its ilrst pret. s t o c k , w h ich Is bein g
paid In m o n th ly Installm ents. A ll the n otes o f the va rio u s co m p a n ies d u o
to ou tsiders, a m o u n tin g o n M arch 31 1910 to $71 5 ,9 0 1 , h a ve been p a id ,
and the com p an ies are n o w en tirely free fro m Ho tting d e b t.
B y th e sale
o f the new ilrst pret. s to c k all the n ecessary fu n d s are p ro v id e d to finance
the co n s tr u c tio n w ork fo r the m all tu be co m p a n ie s fo r the n e x t 12 m on th s,
an d the c o m p a n y w ill n o t be o b lig e d to b o rro w m o n e y fo r this p u rp o se.
1909-10.
$514,128
31.
1908-09.
$37 2,71 6
D ed u c t—
In terest paid o u ts id e r s _____ _________________________
S in k in g fu n d o b lig a tio n s ____________________________
D epreciation a c c o u n t, C h ica g o _____________________
D epreciation leased store s ervice p la n t s ____________
A d ju stm en ts, losses, & c ___________________
$12 0 ,4 1 9
3 6 ,980
38,3 7 0
48,0 0 0
28,401
$89 ,713
3 6 ,980
3 8 ,3 7 0
4 8 ,000
20,849
.
.
.
$27 2,17 0
$241,958
689
$23 3,91 2
$ 1 3 8,80 4
1,378
.
.
$241,289
D r .29,427
$137,426
C r.7 ,5 3 3
C O N S O L ID A T E D
IN C O M E A C C O U N T — Y E A R S E N D IN G M A R C H
G ross p_________________________
rofits an d re n ta ls
D ivid en d s p a id _________________________________
B a lan ce o f Incom e In e xcess o f all ch a rg e s .
T o t a l .......................................................................................
IN C O M E A C C O U N T S F O R
$211,842
Y E A R S E N D IN G
— * P a ren t C o m p a n y .—
1909-10.
1908-09.
$
$
G ross Incom e an d sa le s .
52,38a
3 8 ,0 7 7
T o ta l c o s t o f sales, e x p .
110,781
71,2 5 7
M A R C H
$14 4,95 9
31.
M a i l - T u b e C o m p a n i e s .—
1909-10.
$
65 8 ,9 5 4 '
353 ,984
1908-09
$
525,021
3 1 3 ,8 6 7
d e f .58,396
87,089
d e f .33,180
57,929
304 ,970
122
211 ,154
212
Gross p rofits less In t_ . def. 145,485
S in k in g fu n d , d e p re c.
53,961
losses, & c _______ ______
d e f .91,108
304,848
210,942
50,555
38,370
38,370
N et p ro fits____________ d e f. 204,440 d e f . 147,663
D r .2,317
D r . 5,237
P rofit a n d loss a d ju s t’s . .
286,478
D r .8,006
172,572
C r . 13,273
G ross p ro fits-------------Interest paid o u ts id e rs.
257 ,872
S u r p l u s _________________ def. 2 09,083 d e f . 149,980
185,845
•Parent c o m p a n y show s loss, as It has no p a rticu la r earn in g c a n a c lty and
d o e s have general exp en ses, b o n d Interest, Interest o n floa tin g In debtedness
and taxes to p a y .
,
S to re S erv ice C o m p a n ie s .
T o ta l A l l C o m p a n ie s .
G ross Incom e an d s a le s.
T o ta l c o s t o f sales, e x p .
1909-10.
$
1,397,883
1 ,130,319
1908-09.
$
1,171,091
976,350
1909-10.
$
2 ,109,222
1,595,094
1908-09.
,
5
1,7 3 4 ,1 9 0
1 ,361,474
G ross p r o f i t s . . _________
In te re st paid o u t s i d e r s ..
267 ,554
33,2 0 9
194,741
31,572
514,128
120,419
372 ,710
89,713
G ross p rofits loss Interest
S ln k in g fu n d ,d e p r e c . & o .
234 ,345
54,419
103,169
49,274
393,709
151,751
283,003
144,199
N et p r o fits ____ __________
D ivid e n d s p aid o u tsiders
179,926
689
113,895
1,378
2 11,958
089
138,804
1,378
Surplus fo r y e a r . . _____
P ro fit a n d loss a d ju s t ’s .
179,237
D r . 15,584
112,517
D r. 3,422
241 ,269
D r . 29,427
137,426
C r .7 ,5 3 3
103,053
109,095
211,842
144,959
S u r p l u s _________________
BALANCE
SHEET
A M E ll.
P N E U M A T IC
1909.
1910.
in to .
S
L ia b ilitie s —
A s.? ’l l —
s
3
Investments ____17 559,756 17,460,783 Common stock . . 9,991,325
63,150 Preferred s t o c k .. . 6,328,810
68,500
P a te n ts......... ........
-18,388 Bonds______ _____ 1,060,500
Pia u s ___ ___ ___
48,506
533,733
Notes & acct3.pay.
Cash, notes & accts.
27,551
41,425 Contracts for purcli.
6,867
r e c .................... _
10,61/
Endorsements. - .
Accis. r c. bet veen
com inles
1 528,143 1,152,788 Int.& taxes accrue 1
2,818
2,086
3,809
p a y a b le ------ - A dv. Insur. & lnt.
5,317
1 19,125
Mat. and supplies.
138,527 Advance collection
Def. chgs. t> o per.
0,tJ85
7,485 1st pref. stock sub27,440
scrlptlon----------10,017
Disc, pa » r & gua:
12,500
Sink, f m l (not
d e s e rv e s................ 1,022,458
42,050
Invest.) ..............
43,200 Profit on bonds
purchased for
sinking f u n d - ..
38,766
414,702
S u rp lu s........... ..
T o t a l ........... ...... 19 113,383 18,977,414
31
1909.
8
9,991,325
6,328,810
1,064,000
183,104
6,867
50,500
S E R V I C E C O ., M C I I .
2.S53
5,317
657,872
16,050
370,746
T o t a l .................. 19,443,383 18,077,444
CON SOLIDATED B A L A N C E SH EET A M E R IC A N P N E U M A T IC SE RVICE CO.
A N D SU B S ID IA R IE S M A R C H 31.
1909.
1909.
1910.
1910.
S
Assets—
$
Liabilities—
S
$
Capital stock held
Tatents, good-will
and lnvcstm entsl3,275,335 13,206,374
by outsiders____ 16,526,887 16,535,309
r ia n t accounts___ 5,747,340 5,255,394 Bonded d ebt_____ 1,646,000 1,580,000
668,436
715,901
Patterns, drawings
Notes payable____
162,800
63,558 Accounts payable.
156,933
63,793
and designs___
Accrued Interest,
Cash, office, banks
40,215
41,724
51,238
76,224
Ins. and ta x e s ..
and agents_____
104,312
103,450
Contingent lla b ll..
Notes A accounts
316,S92 Reserves— Depre347,705
receiva ble_____
324,702
723,762
c ’ n of plants.
Merchandise 1 n 15,919
7,010
894,588
795,861
Doubtful accts
ventories______
10,318
18,184
124,951
115,195
Insur. of plants.
E xp. oncontracts.
9,806
Completion of
7,130
Prepaid accounts.
119,483
119,771
contracts . . .
Sinking fund de7,876
145,650
1,771
Reconstruction.
190,314
p o s it s .................
164,025
208,689
33,655
31,183
Sinking fund __
Other Items...........
4,693
5,596
MlsceUabeous ___
262,759
474,601
S u rp lu s__________
T o t a l __________20,751.279 20,000,907
— V. 90. p. 701.
T o t a l .................. 20,751,279 20,000,907
Gas Securities Co. of New York.
{S t a t e m e n t o f J u n e 30 1910.)
This successful lidding company, of which Ilcnry L.
Doherty, of the firm of Henry L. Doherty & Co., No. 6 Wall
St., N. Y., is President, C. T. Brown, Vice-Pres., and Louis
F. Musil, Sec. & Treas., has paid i/j of 1% monthly in divi
dends on both classes of stock from its inception, and also
declared stock dividends on its common stock paid in common
stock as follows: Julyl 1909, 100%, $73,000; March 7 1910,
100%, $140,000. Par of shares $100.
B A L A N C E S H E E T O F O A S S E C U R I T IE S CO . J U N E 30.
1910.
1910.
1900.
L ia bilities—
S
A ssets—
$
$
Cash . _______
57,080
48,322 Preferred s t o c k . 487 ,800
292 ,000
B on d s o w n e d ___
55,795
53,100 C om m on s to c k
842,902 A d ju s tm e n t due
S to c k ow n ed . - .1 ,9 1 5 ,5 5 4
92,965
p o o l su bscrib ers ----------389 ,083
B ool h 'ld ’gs A p fts 250,882
2,050 S u r .a v a il.fo r d lvs.
A eets. r eceiv a b le
1,402
685,052
on c o m . s t o c k . 1,509,004
2,400
B ills r e c e iv a b le .
1,400
T o t a l . ............... 2 ,2 8 8 ,8 0 4 1,338,817
T o t a l ..................2,2 8 8 ,8 0 4 1 ,338,817
T h e Gas Secu rities C o. w as ln co rp . a t A lb a n y o n Ja n . 6 1906 and it
h old s securities In a nu m ber o f the fo llo w in g co m p a n ie s w h ich ate u n d e r
th e m a n a gem en t o f the D oh erty O p e ra tin g C o .:
D e n ve r (C o lo .) G as A
E lectric C o ., L in coln (N eb .) Gas A E le ctric L igh t C o ., K n o x v ille (T e n n )
G as C o ., E m p ire D istrict E lectric C o . o f J o p lin , M o. (In clu d in g S prin g
R iv e r Bow er C o .), .Spokane (W a sh .) G as A F u el C o ., S p o k a n e F alls Gas
L ig h t C o ., P u e b lo (C o lo .) G as A F u el C o ., M o n tg o m e ry (A la .) L ight A
B ow er C o .. L eb a n on (B a.) G as & Fuel C o ., E a sto n (B a.) G as A E lectric
C o ., M eridian (M iss.) L ig h t & R y . C o ., F re m o n t (N e b .) G as, E le ct. & B ow er
C o ., M assillon (O .) E le c tr ic A Gas C o ., S u m m it C o u n ty B ow er, D illon (C ol.)
T h e c o n t r o l o f th e D en ver, L in c o ln , K n o x v ille , S p o k a n e , J o p lin (E m p ire
D istrict E l. C o. an d S p rin g R iv e r P o w e r C o.) Is to be a cq u ire d b y a h o ld in g
c o m p a n y (see D en ver Gas A E le ctric C o. In V . 91, p . 1 5 6 .)— V . 89, p . 912.
Kansas City Breweries Co.
31 1909.)
{ R e p o r t f o r F i s c a l Y e a r e n d in g D e c .
RESU LTS FOR C A L E N D A R YE A R S.
1908.
1909.
1909.
1908.
Deductions (Con.) —
Barrels sold ...........
319,508
312,267
$25,000
$25,000
Total Income......... $2,512,211 $2,486,466 Sinking fund_____
Deduct—
Dlv. on pf. Stk.,3%
43,980
Purchases & e x p . . $1,920,901 $2,004,105
Total dcdu c____$2,284,456 $2,321,625
D epreciation_____
95,852
93,680
$227,755 $164,811
Interest on bond s.
198,720
198,840 Bal., surp. for year
.
Balance brought fo r w a r d ................................................................
534,887
370,046
Total surplus Dec. 31.......................... ...... .................................... $762,642
B A L A N C E SH EET DECEM BER 31.
1909.
190S.
1909.
f\.sscts~~~~
s
S
Liabilities—
$
Brewery p lants,A c.a6,341,002 6,241,839 Common stock _____1,557,000
Furniture A fixtures.
3,639
3,639 Preferred stock_____1,466,000
Outside real estate
First mtge. bo n d s._ c3 ,198,000
agencies, A c _____ 119,385 117,101 Accounts payable A
30 1st M. bds. (cost)
19,430
______
accrued taxes____
99,008
Mater,supp.,mtges,&c 542,538 516,172 Total surplus.............. 762,642
C a sh ........... - ...............6182,782
93,838 Sinking fund reserve. 125,520
T otal........................ 7,208,776 6,972,891
335
THE CHRONICLE
A u g . 0 1 9 1 0 .)
$534,887
Total ......................7,208,776 0,972,891
a Brcwcrv plants, properties and good will Include value prior to 1906, $5,743,634;
additions and improvements, 1906,3226,599; 1907,8285,879; 1908,3258,000; 1909,
$195,015; total, $6,709,133; less depredation reserve, $368,132; bal., $0,341,002.
6 Includes $59,219 building and sinking fund reserves and $123,563 gen «
nd
c After deducting 3111,000 bonds In sinking fund.—V. 89, p. 723.
«£
O n th e o th e r h a n d , $25 ,000 p r e f. s to c k o f th e R e lia n ce C o . w as p a id to the
N o rfo lk C o . fo r th e e x c lu s iv e selling a g e n c y a b o v e referred t o , w h ich should
net y o u r c o m p a n y an a n n u al p rofit o f n early th a t a m o u n t.
A c q u is itio n s .— in fu rth e r pu rsu an ce o f th e p o lic y o f o w n in g m ills so
s itu a te d as t o g iv e a d v a n ta g e o u s fre igh t rates, y o u r b o a r d has a cq u ire d fo r
a b o u t $41 ,0 0 0 lands fo r a m lli a t P o u g h k e e p sie , N . Y . , w h ich Is a railroad
g a te -w a y t o N ew E n g la n d , an d fro m w h ich w ater tr a n s p o r ta tio n a t low
rates m a y be had t o N ew Y o r k C ity . T h e d e v e lo p m e n t o f this p r o p e r ty Is
n o t In Im m ed iate co n te m p la tio n .
In c o n n e c tio n w ith y o u r c o m p a n y a ffilia te d interests also h a ve secu red
c o n tr o l o f a n o th e r Im p o rta n t stra te g ica l p o in t, w h ich w ill be av a ila b le fo r
y o u r fu rth e r needs w h en re q u ire d .
D iv id en d .— It w as w ith great regret th at y o u r b o a r d re d u ce d the last
sem i-an n u al d iv id e n d t o 1 % , m a k in g 4 % p aid fo r th e y e a r, b u t In view
o f the e x is tin g c o n d itio n s In th e trad e It w as d eem ed co n s e rv a tiv e t o h u sba n d
y o u r resou rces. T h e net r e d u c tio n In surplus fo r the y e a r is o n ly $ 3 5 ,7 7 0 .
T h e p resen t u n fo r tu n a te a n d a b n o rm a l c o n d itio n s o f th e tra d e c a n n o t
co n tin u e In defin itely.
C O M B IN E D IN C O M E A C C O U N T , A L L C O M P A N IE S .
1907.
1908.
1909.
N et earnings o f s u b sid ia ry co m p a n ie s fo r
y e a r e n d in g N o v . 3 0 ___________________$16 5,22 7
$268,186
$48 1,81 0
D educt—
B o n d ln t. A sin k, fu n d A m er. C em . C o.
o f N . J ., p aid & a ccru e d t o D e c. 31
(Incl. part o f $78 ,000 b o n d s can celed
$67 ,9 7 5
in 1 9 0 9 )___________________
$64,240
$65 ,575
Cen tral C em ent C o . b o n d In te re st_______ _______
330
B o n d ln t. & sin k, fu n d R e lia n ce C em ent
C o. t o N o v . 30 (Incl. b o n d s c a n ce le d ,
$15,750 In 1 9 0 9 )________________________
4 8 ,087
• 50,079
48,869
R e lia n ce C em ent C o . d lv . o n pref. s t o c k . *10,850
*9,975
*9,975
A m er. C em ent C o. o f N . J ., e xp en ses
.
12,875
22,412
14,481
A m er. C em ent C o. o f N . J ., d lv s ______ ( 4 % ) 8 1 ,000
( )
(7 )1 4 0 ,0 0 0
6 120,000
T o ta l d e d u c tio n s ____________ __________ $217,052
B a lan ce fo r y e a r ____ _________________d ef .$ 5 1 ,825
Surplus a c c t. S e p t. 1899 to en d o f y e a r . .$ 5 4 0 ,0 1 1
S u rp . A m er. C em . C o ., N . J ., D ee. 3 1 ___ $23 2,80 9
$ 2 5 8,90 0
$290,771
s u r .$9,286 su r.$ 191,039
$575,781
$56 6,49 5
$20 1,12 2
$129,201
♦ A fter d e d u ctin g $10 ,150 re ce iv e d b y A m erican C em en t C o . o f N ew Je rsey
In 1909, a g ain st 511 ,025 In 1908 a n d 1907.
CO M BIN ED G EN ERAL B A L A N C E SH EET, A L L C O M P A N IE S , N O V . 30.
1909.
1908.
1908.
1909.
Assets—
Liabilities—
3
$
$
S
Property a c c o u n t..a 3 ,873,801 4,227,574 Capital stock (Amer.
Cem. Co. o f N. J . ) . 2,100,000 2,000.000
Lesey A Trlnkle C o.,
additional lnyest’t
50,000 1st M. 5 % gold bonds
50,000
(Am .C .C o.of N .J.)
620,000 698,000
Other stks. A bds .61,297,051
869,986
81.346 Other stks. & b d s . .c l , 551,500 1,567,250
60,863
Bills receivable_____
30,500 Reserves for doubtful
accts. & bags, & c.
15,470 22,266
261,474
Sundry accounts____ 221,973
51,175
Materials, supp., A c . 210,142
261,267 Bills payable_______ 101,125
12,150 ln t .A s.f.(A m .C .C o.
12,918
Suspense account__
of N. J.) accru e d ..
12,667
13,317
Deferred charges—
Legal exper'” ' A c.
4,956 Bond lnt. A dlv.pref.
3,717
21,938
stock, Rel.Cem.Co.
22,430
N orf.Port Cem nt
178,141
M iscellaneous........... d 157,147
25.000
Corp. selling agy
Profit and loss_____ 1,181,126 1,256,166
T otai........................ 5 ,761,405 5,808,253
T otal........................ 5,761,465 5,808,253
a r>—.perty account Includes plant, machinery, real estate In Pennsylvania and
New T >rk, cement and limestone quarries, patents, railroad rights of way, floats,
to. i i j ade-marks, good-will, & c., A c.. $.3,828,162, and new purchases of lands,
s u n e y j. options, A c., In New York State and patents, $45,639.
b including Reliance Cement Co. preferred stock, $132,500; common stock,
$500,000: Central Cement Co. com mon stock, $200,000; North American Portland
Cement Co. preferred stock, $100, and com mon stock and rights, $13,468; American
Cement Co. of New Jersey scrip, $284; Norfolk Portland Cement Corporation
preferred stock rights (at par) ,$114,400, and com mon stock rights (at p ar), $335,300;
miscellaneous securities, $999.
c Includes Reliance Cement Co. preferred stock, $300,000; com m on stock, $500,
000; first mortgage 6% bonds, $530,500, and mortgage on land, $15,000. Central
Cement Co. common stock. $200,000.
d MFcellaneous in 1909 Includes sundry accounts, $117,427, and balance to be
paid on Norfolk Portland Cement Corporation preferred stock subscription, $9,720.
— V. 90, p. 169.
G E N E R A L IN V E S T M E N T N E W S ,
RAILROADS, INCLUDING ELECTRIC ROADS.
Boston & Albany RR.—S a l e o f B o n d s . —The company has
sold to N. W. Harris & Co. and I3ond & Goodwin $2,000,000
25-year 4% bonds maturing May 1 1935. The bonds are
offered to investors at 97 and int., yielding 4.20% income.
See advertisement on another page.—V. 90, p. 1G12.
Boston Elevated Ry.—N e w D i r e c t o r . —James L. Richards,
P r e s i d e n t o f t h e Boston Consol. Gas Co., has b e e n elected
a d i r e c t o r t o fill a v a c a n c y . —V. 90, p. 1554.
Brinson Ry. (Savannah Northwestern Route).— M
erger-
—This company on or about Aug. 20
1909 absorbed the old Savannah Valley RR. and, wishing to
American Cement Co. of New Jersey.
issue $420,000 bonds secured by an absolute first mtge. on
{ R e p o r t f o r F i s c a l Y e a r e n d in g D e c . 31 1909.)
the entire .system, issued $275,000 7% cumulative preferred
Pres. Robert W. Lesley, Philadelphia, Jan. 3 1910 wrote: stock to take up the $275,000 Savannah Valley RR. bonds,
Y o u r m a n a gem en t has d e clin e d to sell e x c e p t w here som e p r o fit co u ld be
which were callable on any interest date at par.
realized.
T h e result has been th at the business fo r th e y e a r show s a
Win. Morris Imbrie & Co., 45 Broadway, N. Y. City,
fa llin g o lf, as c o m p a re d w ith 1908, o f 1 9 % In q u a n tity an d o f a b o u t 9 % In
th e a vera ge price re ce iv e d . T h e differen ce In earnings Is w h o lly due to
purchased the $420,000 new 1st M. 5% gold bonds, due May 1
th e d ecreased q u a n tity o f ce m e n t sold and the re d u ce d price a t w h ich It
1935 (trustee Farmers’ Loan & Trust Co., int. M. & N.),
has been necessary t o s. 11 It. T h ese c o n d itio n s have n ot been p ecu lia r to
your com pany.
It m a y c o n fid e n tly be stated th at y o u r p r o p o r tio n o f
jointly with the National City Bank of New York, and, hav
ou p u t to c a p a c ity Is q u ite up to th e average o f all the m ills o f th e E a st.
ing sold the'greater part of them, offer the balance at 96
\ v a r ie ty o f causes has co n tr ib u te d t o this result. T h e Leh igh V a lley
d istrict w as the first d istrict In this co u n tr y In w h ich the m a n u fa ctu re o f
and interest, yielding about 5.30% on the investment. The
P ortla n d cem en t w as larg e ly d e v e lo p e d .
O f late years local m ills have
firm is also offering the pref. stock at 105 and interest, par
been establish ed In va rio u s o th e r d istricts.
N orfolk Portland Cem ent C o rp o ra tio n .— Y o u r c o m p a n y has o w n e d since
$100. A circular calls attention to the following points:
Its In corp ora tion Im m ense d e p o sits o f shell-m arl an d cla y a b o v e N o rfo lk ,
Va.
In o rd er to u tilize these la n d s, an d at the sam e tim e m eet the ch a n g e d
c o n d itio n s allu d ed t o In th e p re ce d in g p a ra gra p h , y o u r c o m p a n y organ ized
the N orfolk P ortlan d C em en t C o rp o ra tio n , w h ich pu rchased these lands
an d m in ing rig h ts, and a m ill site a t N o rfo lk , and issued $30 0,00 0 ts t M.
6 % b on d s, $350,000 7 % cu m . p re f. s to c k an d $500,000 c o m m o n s to c k .
Y o u r c o m p a n y gu aran teed the p rin cip a l an d Interest o f these b o n d s,
secu red the ex clu siv e rig h t t o sell the o u tp u t fo r 10 years o n a co m m issio n
basis, an d su b scrib ed fo r $111,400 p re f. s t o c k , g iv in g In part p a y m e n t fo r
th e latter $100,000 o f y o u r c o m p a n y ’s treasury s to c k and In p a y m e n t fo r the
lands co n v e y e d and In co n n e c tio n w ith Its s u b s c r ip tio n to p re f. s to c k an d
fu rth er con sid era tion s It has received also $33 5,30 0 c o m . s t o c k , thus g iv in g
It o v e r 3 2 % o f the p ref. s to c k a n d 6 7 % o f the c o m . s t o c k . T h e great
a d v a n ta g e s In freigh t rates w hich th e new c o m p a n y w ill e n jo y In N o rfo lk ,
R ic h m o n d , W a sh in g ton and B a ltim o re , A c . , seem t o assure a m u ch better
p rofit than Is possible fo r m ills In the L eh igh V a lley d istrict.
O utput. - W h il e o u r c a p a c ity fo r natural ce m e n t has rem ain ed s ta tio n a ry
a t 100,000 bids, since the fo rm a tio n o f the c o m p a n y In 1899, th e c a p a c ity
p er an n u m fo r the p rod u ctio n o f P o rtla n d ce m e n t has Increased fro m
500 ,000 to 2 ,1 0 0 ,0 0 0 b id s ., w ith an a d d itio n o f o n ly a little o v e r $36 0,00 0
to ca p ita l a c c o u n t, o r sligh tly In e xce ss o f 12'% .
S ecu rities.— T h rou g h the sinking fu n d s and w ith th e cash p ro ce e d s from
th e sale o f N orfolk hinds, there has been a fu rth e r re d u ctio n In y o u r b o n d s
fro m $698,000 (orig in a lly $1,000,000 ) to $62 0 ,0 0 0 , an d In b o n d s o f the
R elia n ce C em ent C o. fro m $55 2,25 0 (o rigin a lly $60 0,00 0) to $53 6 ,5 0 0 .
N e w S e c u r itie s O ffe r e d .
(1) A n a b so lu te first m tg e . o n the to ta l 72 m iles o f sta n d a rd -ga u ge rail
road ru n n in g fro m M lllh aven , G a ., to S a v a n n a h , to g e th e r w ith its e q u ip
m en t and term inal p rop erties.
(2) On th e ro a d Itself th e b o n d s are Issued
at less than $6,000 p er m ile.
(3) T h e e q u ip m e n t v a lu a tio n a lo n e Is esti
m ated at $20 0 ,0 0 0 .
(4) T h e term inal p rop erties, w ith o u t regard t o th eir
stra te gic p o sitio n , h a v e a c o n s e rv a tiv e cash v a lu e o f $30 0 ,0 0 0 .
(5) T h e
" s c r a p ” v a lu e o f th e railroad has been estim a ted a t $80 0 ,0 0 0 .
(6) T h e
net earnings are n early fo u r tim es the Interest ch arges.
Capitalization o f the B rinson R ailw ay C om pa n y.
F irst mts>r. 2 5 - y t a r 5 % g o ld b o n d s d a te d June24 1910, p ar $ 1 ,
000
v o t s u b j. to call (to ta l a u t h .. $ 1 ,0 0 0 ,0 0 0 : re se rve d . Issu
ab le o n ly u n d e r c o n s e r v a tiv e m tg e . re strictio n s [n a m ely t o a
p rin cip a l a m o u n t net e x c e e d in g 8 5 % o f the c o s t o f e x te n sio n s
an d Im p rovem en ts, bu t o n ly w hen the m t ea rn in gs, a fte r ta x e s,
rep airs, A c ., fo r six c o n s e cu tiv e m o n th s w ith in th e last e igh t
m o n th s shall h ave b e e n tw ice th e in terest charge fo r a h a lf
y e a r , Inclu din g th e b o n d s ap p lie d f o r .— E d .], $ 5 8 0 ,0 0 0 ), o u t
sta n d in g
- - _________________
-------- . --------------- — - — S420,000
7 % cu m u la tiv e pref. s tock (to ta l a u t h ., $ 5 0 0 .0 0 0 ). o u t s t a n d i n g ..
275 ,000
C om m on s to c k , total a u th . an d Issued (par o f shares $ 1 0 0 )............. 1,000,000
T h e road runs fro m M lllh aven . In S cre v e n C o u n ty , G a ., to S a v a n n a h ,
th rou gh a rich c o t to n , tim b e r, n ava l stores an d garden tr u c k c o u n tr y , an d
It Is p a rticu la rly a d a p te d fo r e c o n o m ic a l o p e r a tio n , b ein g practlcaU y an air
line (o n ly o n e slight c u r v e ), w ith n o bridges an d o n ly o n o sh ort 1 % g r a d e .
THE CHRONICLE
S a v a n n a h ’ s e x p o r ts are larger than th ose o f all o th e r South A tla n tic p o rts
c o m b in e d — a rc equ a l in value to 7 5 % o f th ose o f P h iladelphia and greater
th a n th ose o f S an F ra n cis co . T h e G ov e rn m e n t has spen t o v e r $8 000 000
on Its h a rb or.
T h e r o a d ’s term inal p rop erties In S av annah con sist o f 82 acres In the c it y
P roPe r > c o n v e n ie n tly lo ca te d to the w holesale and m a n u fa ctu rin g d istricts,
w ith in <i sh ort dista n ce o f th e term in als o f the C entral o f G eorgia K y . and
a b u ttin g th e U nion S ta tio n p r o p e r ty . T h is p r o p e r ty is nearer than a n y
o t h e r term in al p r o p e r ty to Central J u n ctio n , the p o in t w here all the rail
ro a d s o b ta in access t o the c it y . A t Central J u n ctio n the B rinson R y . C o.
ow n s 70 acres, w hich m akes possible a p h y sica l co n n e c tio n w ith all railroads
en terin g S av an n ah .
M lllliavcn Is th e cen tre o f 16 large c o t to n p la n ta tio n s , on e o f w h ich alon e
con ta in s a b o u t ,.0.000 acres. T h ere are trib u ta ry to the ro a d 21) lu m b e r
m ills, L n ava l store distilleries, 8 large c o t to n ginneries, as w ell as s a n d ,
ce m e n t, pipe plants an d c o tto n -s e e d o il m ills.
B esides sh ip p in g these p r o
d u cts , th e c o m p a n y carries back a large to n n a g e o f fertilizer. T h e passen
ger tr a ffic Is unu su ally re m u n erativ e fo r a ro a d o f this ch a ra cte r.
G ross E a rn in g s by M on th s S in ce A b so rp tio n o j Old Savannah V a lley ItII.
S e p . '09. O c t .' 00. N o v . ’ 0 0 . D ec . ’ 09. J a n . TO . F eb . TO . M c h . ’ 10.
$12,134
$12,812
$13 ,367
$13,678
$11 ,9 7 0
$12 ,189
$13 ,658
T h e net earnings fo r the p eriod (7 m onths) w ere $43 ,7 7 9 , bein g at the
rate o f o v e r $75 ,000 per y e a r, w hich Is n e a rly fo u r tim es the Interest charges,
or, a fte r p a y in g the Interest o n th e b o n d s, this sh ow s the d iv id e n d on all
o u tsta n d in g 7 % p ref. s to c k to be earn ed n early three tim es o v e r . A W
T h o m p so n , ch ief engin eer o f the B a ltim o re & O h io R R ., rep orts that the
m ain line sh ou ld c o n s e r v a tiv e ly return $ 9 0 ,0 0 0 a y ear net earnings, and
w ith r lg h t-o f-w a v , term in al p r o p e r ty a n d e q u ip m e n t, should In d isin tegra
tio n brin g a rou n d $80 0,00 0 c a s h .— V . 90, p. 1674.
t VOL. LXXXXI
nual dividend of i y 2 % upon the 81,300,000 stock, of in
terest upon the amount of the new bonds now outstanding
or hereafter issued at the request of the New York Central
for improvements, the present issue to be 82,900,000, the
amount of the old 7% bonds paid off.—V. 90, p. 1490.
Federal Light & Traction Co., New York.—O f f i c e r s . _
The officers and directors are:
D ir e c to r s .— R . R . C olga te, A n s o n W . B u rch a rd , .Samuel M cR o b e rts
H a rrison W illia m s, M . I). T h a tch e r, P a rm e ly W . H errick , E d w in N S an
de rso n , J . J . B o d e ll, J . C. C olgate, R . E. B reed, V . E v e rlt M a c y ,‘ Craig
C o lg a te , H . H o b a r t P o rte r, W . S. Ililf and J e rry C rary.
B
E x ecu tive C om m ittee.— Jas. C. C olga te, C h airm an; H arrison W illia m s,
A n s o n W . B u rch a rd , Sam uel M c R o b e r ts an d E d w in N . S a n d erson .
M a n a g e r.— V . 91, p. 38.
Fonda Johnstown & Gloversviile RR.—B o n d s .—The com
pany has applied to the P. S. Comm., 2d Dist., for authority
to issue 84(33,000 of its 1st consolidated general refunding
bonds dated 1902, in order to pay off certain existing obli
gations other than mortgage construction bonds, and to meet
the cost of double tracking, etc.—V. 91, p. 38.
Grand Trunk Ry.— W a g e S e t t l e m e n t . —The strike of the
conductors and trainmen which was begun on July 18
ended August 2 in a compromise.
Canadian Northern Ry.—M e r g e r . —On July 29 there was
hied in the office of the Secretary of State of Canada an agree
ment dated May 9 1910 “amalgamating” with this company
the Saskatchewan Midland liy. Co., duly sanctioned by the
te d , w ill receive fro m M ay 1 last an a d v a n c e In w ages
Governor-General by order in council dated June 1 1910. o f 'Ia phep romxenim, aItte Isly sta
1 8 % . am i be gin n in g J a n . 1 1912 a rate slig h tly below th e
E a stern A s s o c ia tio n sch e d u le , w ith a s ta n d a rd iz a tio n o f p a y an d rules o n
Compare V. 89, p. 1595, 1480.
the basis r e c e n tly c o n c e d e d b y the C anadian P a c ific .— V . 91, p. 154.
N e w O f f e r . —See Quebec & Lake St. John Ry.—V 91
Hilo RR., Honolulu.—D e t a i l s o f M o r t g a g e . —1
The 81,000,
p. 153.
000 bonds recently sold are part of an authorized issue of
Chattanooga Southern RR.—N e w I n t e r e s t s .— T h e s e c u r i t ie s 84,500,000
of 20-year (3% gold bonds dated Oct. 1 1909
o f t h i s r o a d w h ic h w e r e s o l d a t a u c t i o n o n J u ly 1 5 (s e e
under a mortgage to the Bishop Trust Co. as trustee, of
“ C h r o n i c l e ” J u ly 3 0 , p a g e 2 1 4 ) w e r e a c q u i r e d f o r 8 5 0 , 0 0 0 ,
which 81,000,000 were issued at once and 81,000,000 were
th e u p s e t p r ic e , b y th e E r b in te r e s ts a n d N e w m a n E r b
reserved to retire an equal amount of bonds under a mortgage
w a s th is w e e k e le c te d P r e s id e n t o f th e c o m p a n y .
W . H.
to the First American Savings & Trust Co. of Hawaii, dated
D e F o r e s t , r e p r e s e n t i n g t h e R u s s e ll S a g e e s t a t e , w a s e le c te e !
Oct. 1 1901, the remaining 82,500,000 being issuable for ex
V ic e -P r e s id e n t .
T h e r e a r e fu r th e r c la im s to b e s e ttle d
tensions and improvements costing not less than 90% of
b e f o r e t h e r e c e iv e r c a n b e d i s c h a r g e d .
I t is c o n t e m p l a t e d
the par value of the bonds issued. The new bonds will
t o c o n s t r u c t a s h o r t p ie c e o f r o a d in c o n j u n c t i o n w it h t h e
probably be offered at 97.—V. 90, p. 1613.
R o m e & N o rth e rn
w h ic h w ill m a k e a d i r e c t lin e b e t w e e n
Houston & Texas Central RR.—C a lle d B o n d s . —Consoli
C h a tta n o o g a a n d A tla n ta .
C om pare V . 9 1 , p . 2 1 4 .
dated mtge. bonds of 1890, aggregating 8225,000, have been
Chicago Consolidated Traction Co.— Y e r k e s E s ta te B o n d s — drawn
by lot and will be redeemed at 110 ad interest on pre
D e c i s i o n .— P r o b a t e C o u r t J u d g e C u t t i n g a t C h ic a g o o n J u ly 2 9
sentation at the company's office, 120 Broadway, N. Y.
d e c lin e d to p e r m it L o u is S . O w s le y , e x e c u to r o f t h e e s t a t e o f
City, interest ceasing Sept. 26. See numbers in our ad
C h a r le s T . Y e r k e s , a t p r e s e n t t o d e p o s i t t h e e s t a t e 's 8 4 , 5 0 0 ,
vertising columns last week.—V. 90, p. 1363.
0 0 0 b o n d s u n d e r t h e r e o r g a n i z a t i o n p l a n , h o l d i n g in e f fe c t
Licking River RR.—S o l d . —J. A. McLeay, 4th Nat. Bank
t h a t t h e e x e c u t o r s h o u l d n o t p a r t w it h t h e b o n d s u n t il th e
Bidg., Atlanta, Ga., and associates, it is announced, have
r e o r g a n i z a t i o n c o m m i t t e e is in a p o s i t i o n t o g i v e n e w s e
purchased this road, extending from Salt Lick, on the
c u r i t ie s in e x c h a n g e .
T h e d e c is i o n s a y s i n p a r t :
Chesapeake & Ohio Ry., to Blackwafer, Ky., a distance of
T h is plan Is n ot o ffen siv e to th e C o u rt’s Idea o f w h a t ou g h t to be d o n e In
32.3 miles, with two branches.
Its u ltim a te resu lt.
If the p ro p o s itio n w ere to su b s titu te these [new] bond s
here, n ow o r at som e futu re d a te , fo r the bon d s held b y the esta te, an d the
C ou rt fo u n d , a n d perhap s It m ig h t w ell fin d , th a t the transfer Is d esirable
fo r th e ben efit o f th e cre d ito rs p rim a rily , an d o f the o th e r parties Interested
In th e esta te s e c o n d a r ily , I sh ou ld h a ve no h e sita n cy In en terin g an o rd e r,
I th in k , p e r m ittin g such c o m p o u n d ; bu t no such p ro p o sitio n Is before the
C o u rt. W h e th e r there e ver w ill be such a p ro p o sitio n Is p r o b le m a tica l.
[Counsel fo r the reorg a n iza tio n co m m itte e express sa tisfa ction w ith the
d e c is io n , assertin g th at a fte r fo re clo su re and th e passage o f a new fra n ch ise
o r d in a n ce th e y w ill be ab le to m ake such e x ch a n g e as Is required b y the
C o u rt. C ou nsel fo r M rs. Y erk es, w h o o p p o s e s th e a c ce p ta n ce o f the plan ,
p rofess to believ e th a t the d e cisio n will hinder reo rg a n iza tio n . T h e y also
cla im th a t u n d er the d e cisio n o f J u d ge Ball In M ay last (V . 90, p . 1362)
a n d the law s o f Illin ois the C h icago R a ilw a y s an d Its d irectors arc personally
liab le t o th e estate fo r the p rin cipa l an d Interest o f the b o n d s, th e a m o u n t so
d u e . It Is a sserted , b ein g $ 5 ,6 6 9 ,5 3 0 .— E d .]— V . 91, p . 214. 153,
Chicago Southern Ry
e r n I n d ia n a , R y .
&
.— R e o r g a n iz a ti o n P l a n .— S e c S o u t h
b e l o w .— V . 9 0 ,‘ p . 1 4 9 0 .
It Is p ro p o se d to e x te n d the ro a d 8 o r 10 m iles to u n d e v e lo p e d co a l fields
In M organ C o u n ty , K y . A t last a c c o u n ts th e ca p ita l s to c k w as $ 30 ,000 ;
b o n d e d d e b t , $ 50 ,000 .
G ross earnings fo r the y e a r e n d in g Ju n e 30 1908
w ere $31 ,390 .
Meadville & Cambridge Springs Ry.— D e p o s i t s C a lle d F o r .
—A committee requests the holders of the 8300,000 1st M. 5s
to deposit their bonds with the Colonial Trust Co. of Pitts
burgh, as depositary, it being “ essential to the interest of
bondholders that immediate and aggressive action be taken
The committee consists of—
Jas. C. C h aplin, o f C olonial T ru st C o .; J o h n M . Jam iso n , o f J a m ison Coal
& C oke C o .; I). R . H ill, o f Safe D e p o sit & T ru st C o ., and W . II. P a rk e,
w ith D . .I t. H ill, S ecretary (all, It Is u n d e rs to o d , o f P itts b u r g h — E d .) .
See
p. 68, “ E l. R y . S e c .” — V. 89, p . 42.
Meridian (Miss.) Light & Ry. Co.— I n c r e a s e i n S t o c k .—
The company has increased its capital stock from $1,400,000
(of which $400,000 was preferred) to $2,000,000 common (no
preferred), all outstanding.—V. 90, p. 914.
Metropolitan Street Ry., New York*.— T r a n s f e r s O r d e r e d . —
The Public Service Commission, in view of the provisions of
B on d s d a te d J u ly 1 1910 an d d u e J u ly 1 1932, b u t redeem able on a n y
Interest d a y , a n y o r all, a t 103 an d Interest.
In ord e r to enab le the new
the Act of 1910 amending the Public Service Commission's
c o m p a n y t o m ake necessary repairs, & c., these b o n d s will n o t begin to
law, issued on August 3 a new order directing the receivers
d ra w in c e a s t until 1912.
tn t. .). Cc J . a t o fiic e o f tru stee.
Par, $ t ,o c o
of this company and the officers of the Central Park North
T h e rem a in in g $ 2 3 6,00 0 b o n d s are reserved fo r ex te n sio n s, a d d itio n s , Im
p ro v e m e n ts o r b etterm e n ts .
N o prior liens rem ain o u tsta n d in g .
M ain
& East River RR., which operates the 59th St. crosstown
fine In o p e r a tio n , 39 m iles; sidin gs, 2 m ile s.— V . 91, p . 154.
cars, to enter into negotiations for the restoration of transfers
Columbus Delaware & Marion Ry.—C o u p o n P a y m e n t .— in
59th St. between the crosstown line and all the inter
The Mercantile Trust Co. of New York announced on July 30 secting
lines of the Metropolitan.
that it had received funds from the receiver to pay the
e previou s o rd e r. Issued b y the C om m ission (u n d er the u n a m en d
coupon due Feb. 1 1910 on the first ref. M. 5% bonds of the ed T hlaw
) fo r transfers o n these lines w as d isregarded b y th e c o m
ies, and the m atter w as carried to th e c o u r ts .
It Is still pen d in g
company with interest at 0% on the amount due. The pan
before the A p p e lla te D ivision o n c e rtio ra ri p r o c e e d in g s .— V . 91, p . 94.
“ Ohio State Journal” of Columbus, July 29, said:
Metropolitan West Side Elevated Ry., Chicago.—C o n
T h is m ak es tw o Interest p a y m e n ts o n these b o n d s w hich h a ve been m ade
b y th e r e ceiv er an d all b o n d Interest Is paid u p to d a te w ith the e x ce p tio n
s o lid a tio n D e l a y e d . —Henry A. Blair, who has been arranging
o f th a t o n the $ 1 ,0 0 0 ,0 0 0 o f th e first m o rtg age b o n d s o f the C olum bus
a merger of the Chicago elevated railroads, was quoted by
D elaw are & M arlon E lectric R R . C o. w h ich w ere d u e M ay l .a n d these will
[he Chicago “ Record-Herald” of July 28, on his return from
be p aid b e fo re th e six m o n th s ’ lim it exp ires S e p t. 1. E arnings o f the
c o m p a n y are k eep in g up w ell an d the re ce iv e r h op es s o o n to h a ve m atters
New York, as follows:
arra n ged so th a t all bon d Interest will be paid p r o m p t ly on m a tu rity.
In
Cleveland
Eastern Traction Co.—
N e w M o r t g a g e .— T h e
c o m p a n y h a s m a d e a m o r t g a g e to th e G u a r d ia n S a v in g s &
T r u s t C o . o f C l e v e l a n d , t o s e c u r e a n is s u e o f 8 1 , 0 0 0 , 0 0 0 1st
M . b o n d s , o f w h ic h 8 7 0 4 , 0 0 0 w ill s h o r t l y b e i s s u e d , p e r p la n
o u t l i n e d u n d e r E a s t e r n O h i o T r a c t i o n C o . in V . 8 9 , p . 1 5 9 0 .
a d d itio n t o an Increase In earn in gs, o p e ra tin g expen ses have been d ecreased
an d th e c o m p a n y Is s low ly being b ro u g h t back to a fa ir financial co n d itio n
— V . 90, p . 372.
Coney Island & Brooklyn (Electric) RR.—N e w B o n d s .—
The P. S. Commission, 1st Dist., on July 30 sanctioned the
issue of 8489,539 4% consols of 1904, which, if sold at 80,
would net 8391,031, applicable as follows:
C on ey Island A v e . im p ro v e m e n ts , $21 3 ,7 7 7 ; p r o p e r ty a b a n d o n e d pur
suant to legislative en a c tm e n t, $ 79 ,717 ; o th e r exp en ses, $62 ,051 ; balan ce o f
costs o f ten n ew cars, $16 ,0 0 0 ; co st o f co n s tr u c tin g v estib u les fo r 100 cars
$ 7 ,2 4 2 ; n ew a p p ro a ch to B r o o k ly n B rid g e , $ 1 3 ,4 4 4 .— V . 90, p . 771,
Dunkirk Allegheny Valley & Pittsburgh RR.—N ero B o n d s
a n d L e a s e . —The shareholders on Aug. 1 authorized (1) [he
making of a new first mortgage to the Guaranty Trust Co.
of New York, as trustee, to secure an issue of 85,000,000
4} ^ % 50-ycar bonds. (2) A modification of the lease of the
property to the N. Y. Central & Hudson River RR. Co.,
so as to provide for the payment as rental, in addition to an
It Is im p ossible t o ca rry o u t a Iln anclal deal in N ew Y o r k at the present
tim e such as a m erger o f the C h ica go e le v a te d lines.
W h ile I w as there
tlie hotels seem ed d eserted and a b o u t e v e r y b o d y w h o co u ld get a w a y was
In the m ou n tain s o r at seaside re so rts.
A s a result I did n o t see the m en
I e x p e cte d to h old co n fe re n ce s w ith . M o re o v e r, there Is a blue feelin g In
N ew Y o r k financial circles ju s t n o w .
S om e a scrib e It to the cr o p o u tlo o k
an d o th e rs to legislation again st c o r p o r a tio n s .
U nder such c o n d itio n s It Is
o u t o f the qu estion to ca rry th ro u gh an u n d e rta k in g th a t In volves m a n y
m illio n s.
I had plans w ith m e fo r the co m b in a tio n o f the e le v a te d lines,
bu t I dkl n o t h a v e an o p p o r t u n it y to thresh them o u t w ith th e m en X
w anted to see.
I feel ce rta in , h o w e v e r, th a t th e deal w ill be carried o u t .
— V . 90, p. 1676.
Missouri Kansas & Texas Ry.—N e w B o n d I s s u e A u t h o r
—The shareholders on July 30 authorized the proposed
$125,000,000 mtge. (V. 90, p. 1491). The plan to sell a
block of the new bonds abroad was changed in favor of the
note issue described in “ Chronicle” of July 9.
N o t e s o n A m s t e r d a m B o u r s e . —The 810,000,000 one-year
5% notes dated Aug. 1 1910 were on July 7 introduced on the
Amsterdam Bourse by Tcixeiva Mattos. See V. 91 p. 94.
ized .
THE CHRONICLE
A u g . 6 1910.
337
fro m Ja n . 1 1911, an d (d> ail u n redeem ed c o u p o n s to be sur
Missouri Pacific Ry.—N e w T r u s t e e . —The Equitable Trust Interest asw ith
the e x c e p tio n o f the A pril 1910 c o u p o n s on the p rio r lien
Co. will on Sept. 7 become trustee under the Kansas & Colo rendered
b o n d s. T h e co m m itte e is u n a n im o u sly o f the o p in io n th a t this settle m en t
rado Pacific mtge., succeeding the Guaranty Trust Co., Is o n e w h ich sh ou ld be a c c e p te d b y th e b o n d h o ld e rs — V . 90, p . 1045.
which is now trustee of the Missouri Pacific “ first and refund
Rio Grande RR.—S o l d . —This narrow-gauge road was
ing” mtge.—V. 91, p. 276.
sold at auction at Brownsville, Texas, on July 26. It was
New York Central & Hudson River RR.— R e f e r e e ’s D e c i bid in for $48,000 by Wm. E. Guy of St. Louis, who is
s i o n . —James G. Graham, as referee, has rendered areport sus supposed to own or represent 51% of the stock and all of the
taining the special franchise assessment on Park Avenue for $48,000 bonds. Compare V. 91, p. 276.
the years 1900 to 1908, inclusive. The report will come be
St. Louis & San Francisco RR.— N e w E q u i p m e n t B o n d s .—
fore the Supreme Court for confirmation.
Speyer & Co. have purchased from the company $1,450,000
T h e to ta l assessed v a lu a tio n fo r the 0 years a m o u n ts to a b o u t $9 5 ,0 0 0 ,0 0 0
5% equipmqnt notes, Series “ Q,” secured by equipment
a n d th e ta x es to $ 1 ,7 1 7 ,4 4 3 , w ith a b o u t $ 8 0 0 ,0 0 0 a ccru e d Interest.
The
c o m p a n y cla im ed a m o n g o th e r things th a t th e N . V . & H arlem H it ., cre
costing (about) $1,617,000, towards which the railroad com
a te d In 1831, a cq u ire d a right o f w a y in P a rk A v en u e m a n y years b e fo re
pany pays in cash (about) $167,000, and will issue its equip
F o u rth A v en u e w as o p en ed b y the c it y in 1857, an d th a t th e Cen tral did n o t
op era te its lines th rou g h th a t th o ro u g h fa re b y virtu e o f a n y S tate fra n ch ise
ment notes for the balance, $1,450,000.
g ra n ts, b u t fro m the easem ents it secu red fro m the p re d e ce sso r c o m p a n y .
T h e co n te n tio n th a t the special fra n ch ise ta x d oes n o t a p p ly t o steam
ro a d s w as ov erru led on th e stren gth o f the de cisio n o f J u d g e Chester In
M a y last (V . 00, p. 140 1).
D a m a g es C la im e d .
—N. Y. State Forest, Fish & Game
Commissioner Whipple has brought two suits against the
company for forest fire damages to State lands, as follows:
O ne In T ow n sh ip 5 In H e rk im e r C o u n ty , In th e v ic in it y o f H eaver R iv e r ,
the p en a lties a m o u n tin g t o $ 5 7 0,00 0 an d th e a ctu a l d am ages t o $ 30 ,000 ,
an d one in F ran klin C ou n ty near T u rtle a n d H eel p o n d s, the penalties
a m o u n tin g to $53 3,00 0 an d the a ctu a l dam ages t o $ 27 ,000 .
Suit has also
been b ro u g h t again st the D elaw are &. H u d so n fo r $ 1 ,4 0 0 ,3 0 0 penalties at
the rate of $10 a tree fo r fo re s t lan d s d e s tr o y e d b y (ire cau sed b y the rail
r o a d ’s lo co m o tiv e s b etw een S aran ac L a k e a n d Lake P la cid , an d $94 ,000
a ctu a l d a m a g e s .— V . 90, p. 1077.
New York New Haven & Hartford RR.—B o n d s . —Sec New
York Westchester
Boston Ry. below.—V. 91, p. 154.
New York Westchester & Boston Ry.—B o n d s . —This sub
sidiary of the N. Y. N. II. & Hartford RR. applied on Aug. 2
to the P. S. Commission, 2nd Dist., for authority to issue
$5,000,000 50-year 1st M. 5% gold bonds, to provide for
the payment of $953,446 advanced by the City & County
Contract Co. in connection with the construction of the branch
line from Mount Vernon to White Plains, and to meet the
cost, estimated at $4,294,549, of completing, electrifying and
equipping said branch.—V. 90, p. 914.
Northern Central Ry.—L e a s e . —The directors of the Penn
sylvania RR. on Aug. 1 approved the proposition to lease
the Northern Central Ry. for 999 years on the basis of a stock
dividend of 40%, a cash dividend of 10% and a guaranteed
annual dividend of 8% on the capital as increased by the
foregoing allotment. The stockholders of the Northern
Central Ry. Co. will act on the matter after October 14.—
V. 91, p. 154.
N e w S e c r e t a r y . —Lewis Neilson, Secretary of the Pennsyl
vania lilt., has been appointed also Secretary of this road,
succeeding Stephen W. White, who retires under pension
rules; also Secretary of the West Jersey & Seashore, suc
ceeding J. M. Harding, deceased.—V. 90, p. 914.
Ocean Shore Ry., San Francisco.—B o n d h o l d e r s ’ C o m m i t t e e .
—The committee of twenty-five has announced the following
reorganization committee, which has authority to bid in the
property at foreclosure sale on Sept. 1: G. C. Moore, A. C.
Kains, R. D. Robbins, W. J. Dutton and Maurice Schweitzer.
Compare V. 91, p. 276.
Pennsylvania RR.—L i s t e d . —The N. Y. Stock Exchange
has listed $12,750,000 additional Allegheny Valley Ry. Co.
gen. mtge. 4% bonds, due 1942, making the total amount
listed $20,000,000.
&
T h e a d d ition a l b on d s w ere Issued as fo llo w s : $ 1 0 ,0 0 0 ,0 0 0 t o retire 8 1 0 ,
0 00 ,000 A lleg h en y V a lley R R . lo w -g ra d e -d iv tslo n 1st M . 7s, d u e A p ril 1
1910, and $ 2 ,7 5 0 ,0 0 0 for d o u b le -tra ck in g , e x te n sio n o f ya rd s an d p u rchases
o f ad d ition al real esta te.
U pon ca n ce lla tio n o f th e m tg e . secu rin g said 7 %
b o n d s, th e general m tge. will be a first lien o n th e p r o p e r ty o f th e A lle g h e n y
Valley R y . C o ., w hich has been ta k en o v e r b y P e n n a . R R . C o .— V . 91,
p . 155.
Philadelphia Rapid Transit Co.—P o w e r . —Contracts have
been signed with the Delaware County Electric Co. and the
Beacon Light Co. (both subsidiaries of the Philadelphia
Electric Co.) to supply power for the operation of the lines
of the Philadelphia Rapid Transit Co. in Delaware County,
supplementing that generated at the plant at Folsom.
C a r T r u s t s . —The shareholders of the Union Traction Co.
will vote on Sept. 21 on increasing “ the indebtedness of the
company from $1,500,000 to $3,000,000.” An official state
ment explains:
T h e Increase herein referred to Is th e gu a ra n ty o f the rentals o f th e e q u ip
m en t lease o f the P h iladelph ia R a p id T ran sit C o ., w hich lease has been m ade
th e basis o f an issue o f ca r trust ce rtifica te s, an d this s ix ty d a y s ’ p u b lic n o
tice Is given in o rd er t o m eet th e requ irem en ts o f th e law in case such gu a r
a n t y should be held an increase o f in d e b te d n e ss.
N o a d d itio n a l fin a n cin g
Is c o n te m p la te d hereu n d er. T h is Is m erely a fo rm a l ra tifica tio n o f th e a ctio n
a lrea d y a u th orized at the special m eetin g o f th e s to ck h o ld e rs h eld o n Ju n e
20 1910.
(C om pare V . 90, p . 1555, 1677.)
Pittsburgh Cincinnati Chicago & St. Louis Ry.—L i s t e d .—
The N. Y. Stock Exchange has listed $4,000,000 additional
consol. M. guaranteed 4% bonds, series “ G,” due 1957, mak
ing the total amount listed $10,000,000.
T h ese $ 4 ,0 0 0 ,0 0 0 Series G b o n d s w ere Issued t o re fu n d th e 2nd M . 7 %
b on d s o f the Jeirerson vllle M adison & Iiu l. R R . C o ., w h ich m a tu red J u ly 1
1910, and to p r o v id e fo r c o n s tru ctio n w ork a lre a d y en te re d u p o n , co n sist
ing o f a d d ition a l s econ d an d third tra ck , term in al fa cilitie s, tra ck e le v a tio n
an d new e q u ip m e n t.— V . 90, p . 1614.
Quebec & Lake St. John Ry.— N e w O f f e r . —Holders of
certificates of deposit issued in respect of prior lien, first
mortgage and income bonds will meet in London Aug. 8 to
consider, an amended and improved offer made by the repre
sentatives of the Canadian Northern Ry in the terms of the
proposals ^et forth in the trustee's’ membl-aridum, dated
Deo. 21 1909, with the following modifications:
(a) T h e first m ortg a g e b o n d s to be e x c h a n g e d a t th e rate o f £70 o f new
s to c k f o r e v e r y £100 b on d s: (b) the in co m e b o n d s to b e e x ch a n g e d at the
rate o f £13 new s to c k fo r e v e r y £100 b o n d s; (c) th e new s to c k t o c a r r y
T h e n o te s are t o be d a te d A u g . 1 1910 an d w ill m atu re In 20 sem i-an n u al
Installm ents-— $72 ,0 0 0 o n F e b . 1 In each ye a r an d $73 ,000 o n A u g . 1 in each
ye a r until p a y m e n t Is c o m p le t e d .
C entral T ru st C o. o f N ew Y o r k Is the
tru stee. T h e n o te s are to be r e d e e m a b le a t the o p tio n o f th e c o m p a n y a t
a n y tim e a t par an d a ccru e d interest u p o n 60 d a y s ’ previou s n o tice . T h e
e q u ip m e n t co n sists o f 250 steel u n d erfram e freight cars, 53 lo c o m o tiv e s ,
11 passenger an d o th e r cars an d 6 e le ctric m o t o r cars fro m th e G eneral E lec
tric C o .— V . 91, p . 155.
Seaboard Co.— D i v i d e n d s R e s u m e d . —The directors of this
holding company on Aug. 1 declared a semi-annual dividend
of 2)^% upon the first pref. stock (at last accounts $6,360,
600), payable on and after Aug. 15 1910 to stockholders of
record Aug. 10 1910.
ii
.
T h e earlier d iv id e n d s (a n te d a tin g th e re o rg a n iz a tio n o f th e S e a b oa rd
A ir Line R y . C o.) w ere 2 } 4 % s em i-an n u ally fro m J u ly 15 1906 t o J u ly 15
1907, a ggre ga tin g In all 7 i i % . — V . 8 9 , p . 43
Southern Indiana Ry.—R e o r g a n iz a tio n P l a n . —The reor
ganization committee, consisting of Emile K. Boisot, Anton
G. Hodenpyl, Christopher D. Smithers, Melvin B. Johnson
and Festus J. Wade, has issued a plan of reorganization for
the Southern Indiana Ry. and Chicago Southern Ry. under
date of July 1 1910. This plan has been approved by the
protective committees, under whose agreements a large
majority of all classes of securities have been deposited.
The financial statement covering the period from Aug. 19
1908 to June 30 1910, on which the plan is based, will be
found on a preceding page under" Annual Reports.”
H o ld e rs o f C h icago S outhern secu rities w h o h a v e n o t y e t d e p o s ite d th em
u n d er th e p r o te c tiv e a g reem en t o f D e c. 17 1908 m a y , w ith o u t p e n a lty ,
b e co m e parties th ereto an d e n titled to p a rticip a tio n In said plan o f reor
ga n iza tion b y d e p o sitin g their h old in gs on o r b efore S e p t. 1 1910 w ith the
G irard T ru st C o . o f P h ila d elp h ia , as d e p o s ita r y , o r w ith its a g e n t. F irst
T ru st & S av in gs Hank o f C h icago.
H old ers o f S ou th ern In d ia n a R y . gen . M . 5 % b o n d s w h o h a v e n o t y e t
d e p o site d their b o n d s u nd er th e a g reem en t o f Ja n . 31 1910 m a y , w ith o u t
p e n a lty , b e co m e parties to said agreem en t an d e n title d to th e b e n e fito f
said plan b y d e p o sitin g th eir b o n d s o n o r b e fo re S e p t. 1 1910 w ith th e
F irst T ru st & S av in gs Bank o f C h ica g o , d e p o s ita r y .
Final d ecrees h a v e been en tered fo re clo sin g the g e n e ra l m o rtg a g e o f the
S ou th ern Indian a R y .a n d the 1st M .o f the C h icago S o u th e rn , an d d ire ctin g
the sale o f the m o rtg a g e d prem ises, an d th e d ates o f sale m a y be fix ed as
s o o n as d eem ed a d v isa b le .
Digest o f P lan — New C o m p a n y and Its Securities.
A new c o m p a n y , to be ca lled th e C h ica go T e rre H a u te & B e d fo r d R y .
C o. o r o th e r a p p ro p ria te nam e, o r an e x is tin g c o m p a n y , w ill be u sed, to
a cq u ire w ith such e x ce p tio n s as th e re o rg a n iza tio n c o m m itte e m a y d e te r
m in e, th e p r o p e r ty o f T h e C h ica go S ou th ern R y . C o . an d T h e S outhern
In d ia n a R y . C o ., s u b je ct to th e lien o f th e 1st M o f T h e S ou th ern In dian a
R y . C o. d a ted F e b . 1 1901. T h e new c o m p a n y w ill, so fa r as p ra ctica b le,
be ve ste d with the d ire ct ow n ersh ip o f the en tire p r o p e r ty , an d it is e x p e c te d
w ill also a cq u ire th e s to c k o f T h e B e d fo rd B elt R y . C o . o r th e p r o p e r ty o f
th a t c o m p a n y , s u b je c t to e x is tin g liens th e re o n .
(1) $ 2 0 ,000 ,00 0 “ F irst and R efunding M o rtga ge" 5 0 - Y ea r Gold Bon ds.
In terest, p a y a b le sem i-an n u ally, fro m such d a te as m a y be d e te rm in ed
b y the reorgan ization c o m m itte e .
R a te o f Interest o n th e first $ 3 ,5 0 0 ,0 0 0
bon d s to be 5 % p er a n n u m ; on all su bsequ en t Issues to be fixed a t rates n o t
e x ce e d in g 5 % per a n n u m . A ll o f the b o n d s a t a n y tim e o u ts ta n d in g , b u t
n o t less than all, shall be s u b je c t to red e m p tio n a t o p tio n o f new c o m p a n y
a fte r n o tice o n a n y Interest d a te a t 107 13% an d Interest. T h e b o n d s to
be a first m o rtg a ge u p o n th e railroad an d e q u ip m e n t ow n e d b y T h e C h icago
S ou th ern R y . C o . o r the re ce iv e r th e re o f on J u ly 1 1910, and a general
m ortg age u p on the railroad an d e q u ip m e n t o w n e d b y T h e S ou th ern In d ian a
R y . C o . o r the re ceiver th e re o f on J u ly 1 1910. s u b je c t t o th e lien o f T h e
Sou th ern In d ian a R y . first m o rtg a g e . T h e m o rtg a g e m a y , In th e first
Instance, also be s u b je ct to a n v liens o r cla im s s u b je c t t o w h ich th e p rop er
ties are sold at foreclosu re sale, o r w hich u n d er th e d e cre e th e purchaser
m a y be required to assum e o r p a y .
In case it p ro ve s Im p ra ctica b le t o m ake
th e m o rtg a g e a d ire ct lien u p o n a n y p a rticu la r p r o p e r ty . It is Intended th a t
b o n d s secured b y such d ire ct lien, o r s to ck o f the c o m p a n y w hich shall ow n
such p r o p e r ty , o r b o th , shall be p ledged u nd er the m o rtg a g e In su ch m anner
th a t su b sta n tia lly th e sam e result w ill be o b ta in e d .
(a) $2,5 0 0 ,0 0 0 o f said b o n d s shall be presen tly Issued fo r th e purposes
o f re o rg a n iza tio n . In case th e re ceiver, a fter M ay 15 1910, has e x p e n d e d
o r shall e x p e n d m on eys o r c o n tr a c te d in debtedn ess fo r e x te n sio n s, Im p r o v e
m en ts, & c , a d d itio n a l b o n d s to an a m o u n t su fficie n t t o c o v e r th e sam e
m a y be Issued on reo rga n iza tio n .
(b) $ 1 ,5 0 0 ,0 0 0 b o n d s shall be Issuable fro m tim e t o tim e as re q u ired fo r
general c o rp o ra te pu rp oses, o f w h ich n o t m ore than $50 0,00 0 m a y be issued
b efore J u ly 1 1911.
(c) $ 7 ,537,000 b o n d s shall be reserved to retire th e first m o rtg a g e b on d s
o f T h e Sou th ern In d ia n a R y . C o.
(d) $350,000 b on d s shall be reserved to retire th e 1st M . 5 % b o n d s o f
T h e B e d fo rd B elt R y . C o .; if the new c o m p a n y acqu ires neith er th e s to c k
n o r th e p ro p e r ty o f th a t c o m p a n y , these b on d s need n o t be so reserved.
(e) T h e rem ain der o f th e issue, Inclu din g a n y b o n d s n o t n eeded fo r the
a b o v e pu rposes, shall be reserved , to be Issued fro m tim e to tim e u nd er
ca re fu lly gu arded restriction s fo r the acq u isitio n o r c o n s tr u c tio n o f new
p r o p e r ty , fo r ex te n sio n s, be tte rm e n ts an d o th e r ca p ita l e x p e n d itu re s .
(2) $ 6 ,5 0 0 ,0 0 0 50- Y e a r Incom e B onds C u m ulative Tw o Years A f t e r D a te.
T h ese b o n d s shall bear such d a te as th e re o rg a n iza tio n co m m itte e m a y
d eterm in e an d shall bear Interest at th e rate o f 4 % per ann um fo r t w o years
and a t th e rate o f 5 % per ann um th e re a fte r until m a tu r ity : th e Interest to
be cu m u la tiv e fro m an d a fte r tw o years a fte r th e d a te t h e r e o f. T h e Interest
fo r the first tw o years shall be p a y a b le o u t o f th e net earnings if, an d to
th e e x te n t th a t, th e net earnings and In com e, In the d iscretion o f the b oa rd
o f d ire cto rs, shall, c o n s iste n tly w ith the w elfare o f the c o m p a n y , w arra n t
such p a y m e n t, th e discre tio n o f said board in such re sp e ct t o be final. T h e
interest In su bsequ en t years shall be pa ya b le o u t o f th e net earn in gs a v a il
ab le fo r th at purpose d eterm in ed in th e m anner to be p r o v id e d In th e m ort
gage and to be a p p ro v e d b y the reorgan ization c o m m itte e .
A ll o f th e
b on d s a t a n y tim e o u tsta n d in g , b u t not less th an all, shall be s u b je c t to
r e d e m p tio n a t o p tio n o f new c o m p a n y a fte r n o tice on a n y Interest p a y m e n t
d ate a t par and u n p aid Interest fro m the tim e th e sam e b e co m e s c u m u la tiv e
t o d a te o f r e d e m p tio n . T h e b on d s shall be secu red b y a m o rtg a g e Im m edi
a te ly su bsequ en t In lien to the first an d refu n d in g m o rtg a g e . T h e h olders
shall h a ve a t all s to ck h o ld e rs' m eetin gs th e rig h t to east o n e v o te fo r each
$100 par v alu e o f b o n d s held b y him unless th e re o rg a n iza tio n co m m itte e
d6‘e m It e x p e d ie n t to m o d ify o r w ith h o ld such p ro v isio n . T h e m o rtg age
m a y also. If the co m m itte e deem It a d v is a b le , co n ta in pro visio n s a u th o riz in g
the trustee o r oth ers t o exe rcise th e v o t in g p o w e r o f a n y b o n d h o ld e r at a n y
m eetin g a t w hich he shall n o t be p resen t. T h ese b o n d s are t o be p resen tly
Issued fo r th e p u rp oses o f th e plan .
338
THE CHRONICLE
^3*r<?5;50 0 ’ 000 C om m on Stock to B e P resen tly Issued f o r the P u rp o ses o f P la n .
I f th e reorg a n iza tion co m m itte e deem best, all Issued s to c k o f the new
c o m p a n y , e x c e p t shares necessary to q u a lify d ire cto rs, shall be p la ce d In a
Xl nV/ 1?
,
!
'
t er m o f ten years o r such s h orter p e rio d as th e c o m m itte e
m a y a p p ro v e .
I he v o t in g trustees shall be n am ed b y th e r e o rg a n iz a tio n
Whr m huT m .'l- nria
*;YC P° w e r t 0 1111 v a ca n cie s.
P r o v is io n m a y be m ade
Tiw
n T n w i ^ 0C Ct ° f
n<TT <;onV)an y m ay be so ld b y th e v o t in g trustees
m v.? tc/
° o t less than 7 5 % , th e p ro ce e d s to be d istrib u te d
a m o n „ th e h old ers o f v o tin g trust certifica tes (see also rig h t to p le d g e b e lo w ) .
S ecurities Undisturbed— $7,5 3 7 ,0 0 0 1st M . 4 % B on d s o f S outhern In d ian a
liy . C o. Issued u nd er M ortga ge D ated P e b . 1 1901.
T h e Plan c on tem p la te s an arran gem en t w ith th e co m m itte e rep resen tin g
th e holders o f said first m o lt , b on d s u nd er a g reem en t d a te d A u g 14 1908
w h ereb y If the plan Is carried o u t th e d e cla ra tio n th a t these bon d s are due
will be ann ulled and th e fo re clo su re p ro ce e d in g s und er the first m o rt. d is c o n
tin ued In con sid era tion o f (a) th e p a y m e n t o f the Interest c o u p o n s w hich
h a ve m atu red, o r w ill m a tu re , o n an d a fte r A u g . 1 1909, In clu d in g Interest
o n all such c o u p o n s a t the rate o f 0 % up to tim e o f p a y m e n t; (b) th e p a y
m ent o f the c o m p e n s a to ln , expen ses an d liab ilities o f th e said 1 st M b o n d
h old ers’ c o m m itte e , & c;; (c) th e agreem en t b y th e new c o m p a n y n o t to
Issue a n y a d d ition a l b on d s u n d er said m o r tg a g e ; (d) th e s u b je c tin g t o said
first m ortg a g e as a lien thereon o f all th e e q u ip m e n t ow n e d b y T h e S ou th ern
In d ian a R y . C o. o r b y the re ce iv e r th e re o f on J u ly 1 1910, s u b je c t o n ly to
a n y eq u ip m en t tru st n otes th e re o n , (p ro v isio n fo r the p a y m e n t o f all these
n otes Is m ade In the p la n ), w hich e q u ip m e n t th e new c o m p a n y w ill c o v e n a n t
to p reserve In g o o d w ork in g o r d e r a n d repair; (e) In case the p r o p e r ty o f
T h e B ed ford B elt I t y . C o. o r s to c k th e re o f shall be acq u ire d th e s u b je c tin g
o f th e sam e to said first m o rtg a g e as a lien th ereon se co n d o n ly to th e
m ortg a g e n o w o n such p r o p e r ty ; ( / ) th e s u b je c tio n to said first m o rtg a ge as
a first lien th ereon o f e v e r y e x te n sio n o r branch n o t e x c e e d in g 1 0 m iles In
len gth n o w o r hereater c o n s tr u c te d o r acq u ire d fro m the present line o f T h e
S ou th ern In d ia n a I t y . C o .
Cash R equired f o r C a rry in g Out the P la n , A p p r o x im a te ly § 2 ,3 3 9 ,1 5 8 .
R e c e iv e r s ’ ce r ts ., w ith I n t - - $ 3 8 3 ,9 1 0 1P referred cla im s
$125 0 0 0
E q u ip , o b lig a tio n s , w ith In t. 4 9 2 ,8 4 1 1P u rch . o f B e d f.B e lt I ty . C o 207,’ s00
I n t . o n S o u . I n d . 1 st M . 4 s . . 3 1 2 ,0 3 2 ]S e ttlem en t o f cla im s, w o rk I n t . o n d ep os ited c o ll, b o n d s
17,875|
Ing ca p ita l, r e o rg . e x p , tec. 800 ,0 0 0
T h e Interest on S ou th ern In d ia n a 1st M. Is Is c o m p o s e d o f the c o u p o n s
th a t w ere d u e A u g . 1 1909 an d F e b . 1 1910, w ith Interest th ereon at 6 %
p er an n u m to Ju n e 1 1910. T h e a b o v e Interest Installm ent o n the C h icago
S ou th ern colla tera l b on d s d e p o site d u nd er th e plan Is p ro v id e d to place
these b on d s o n a p a rity w ith C h icago S ou th ern 1st M . b o n d s, th e Interest on
w h ich has been p aid to and In clu din g Ja n . 1 1908. T h e Interest o n the c o la tcra l b on d s has been p a id o n ly to an d Inclu din g J u ly 1 1907.
Table S how ing H ow I t I s Intended that the N ew S ecu rities Shall B e Used.
H olders o f S ecu r
------- W ill R eceive in E x ch a n g eF irst &
ities tfc S yn d i
In com e B on d s.
S tock.
R ef. 5s.
cate, I f D ep o s.
S o u .I n d .g e n ..VI. $ 3 ,2 1 2 ,0 0 0 8 5 % $ 2 ,7 3 0 ,2 0 0 4 0 % $ 1 ,2 8 4 ,8 0 0
C h .S ou .lst.M .bds 3 ,2 8 5 ,0 0 0 7 0 % 2 ,2 9 9 ,5 0 0 4 0 %
1,3 1 4 ,0 0 0
...............
Ch. S o. c o ll .b d s .
715 ,000 7 0 %
500 ,5 0 0 4 0 %
286 ,000
S .y n d ic a te certs
1,9 0 2 ,5 0 0 4 2 %
799 ,0 5 0 5 8 %
1,1 0 3 ,4 5 0
I ................
S o u . I n d . s t o c k . 11,0 0 0 ,0 0 0 ____
________________
C ld c. S o u . s to c k
1,5 0 0 ,0 0 0 ................................................................ . I
..................
T o be s o l d . ......................................................................................... ................ $2,5 0 0 ,0 0 0
• S ettlem en ts.re
170,750 ____
1 ,5 1 1 ,7 5 0
.
o r g .e x p ., & c .....................................
T o t a l -------------$ 2 1 ,6 1 4 ,5 0 0 ------- $ 6 ,5 0 0 ,0 0 0 ______ $ 5 ,5 0 0 ,0 0 0 $ 2 ,5 0 0 ,0 0 0
• S ettlem en ts, co n tin g e n cie s , m iscella n eou s req u irem en ts o f r e o rg a n iz a
tio n (In clu din g th e sale o r p le d g e o f a p o r tio n th e re o f In c o n n e c tio n w ith the
sale o f “ first an d re fu n d in g ” b on d s) n o t to e x c e e d .
A s y n d ica te m a y be fo rm e d to p u rch a se su ch o f th e " fir s t an d r e fu n d in g
b o n d s ” as m a y be Issued p resen tly In c o n n e c tio n w ith r e o rg a n iz a tio n '
an d such o f th e new In com e b o n d s an d s to c k n o t requ ired fo r d is trib u tio n
to d e p o s ito r s, as th e re o rg a n iz a tio n co m m itte e m a y d e te rm in e , o n such
term s as th e co m m itte e shall a p p r o v e .
D e p o sito rs and also h olders o f the
1st M . b on d s o f T h e S ou th e rn In d ia n a I ty . C o ., m em bers o f th e c o m m itte e ,
& c., m a y p a r ticip a te In th e sy n d ic a te w ith th e sam e righ ts as a n y o th er
su bscrib ers.
T h e r eorg a n iz a tio n co m m itte e m a y ple d ge th e s to c k o f the
new c o m p a n y t o secu re a n y s y n d ic a te th a t m a y un d erw rite a n y o f said
“ first an d refu n d in g m o r tg a g e ” b o n d s, eith e r w ith o r w ith o u t a n y o th er
secu rities o f the new c o m p a n y , again st loss In co n se q u e n ce o f such u n d e r
w ritin g; p r o v id e d , th a t In case o f a n y such pledge all h olders o f v o t in g trust
c ertifica tes shall h a v e th e rig h t t o p a rticip a te In th e s y n d ica te .
Status on B a sis o f E a rn in g s f o r Y ea r ending J u n e 30 1910 (J u n e E stim a ted ).
N et earns, fo r first y ea r o f o p e r . (If e qu a l t o earns, fo r fiscal y ear
1909-10; Ju n e e s t )— ( S c e “ A n n u al R e p o r t s " o n a p re c c d ln g p a g e )$ 8 8 1 ,8 9 0
D ed uct— In terest on S ou th ern In d ia n a 1st M . b on d s (u n d istu rbed ) $301,480
I n t . o n $ 2 ,5 0 0 ,0 0 0 “ 1st & re f. b o n d s ” t o be Issued o n r e o r g ’ t l o n . . 125,000
T a x e s (estim a ted ) — ........................... .............. ............................................. 101,356
T o t a l fixed ch a r g e s ............................................................... .....................
5 5 2 7 836
In terest 4 % o n Incom e b o n d s (If a u th o riz e d b y d ir e c t o r s )_________ 260,000
S u rplu s on th e basis o f earnings fo r th e fiscal y e a r 190 9-1 0____ $94,053
T h e re ce iv e r e x p e c ts th a t th e earn in gs o f the n ew c o m p a n y wll sh o w a
s a tisfa c to r y Increase fro m ye a r to y ear, an d th a t th e y w ill be su ffic ie n t not
o n ly to p a y th e Interest o n the In com e b o n d s an d all fixed ch arges, but also
t o sh ow a con sid era b le surplus th ereafter.
In th e a b o v e estim ate no Interest o n llo a tin g d e b t o r e q u ip m e n t trust
n otes Is taken Into con sid e ra tio n as It Is e x p e c te d th at o n the co m p le tio n
o f th e reorg a n iza tion th e new c o m p a n y w ill h a v e n o llo a tin g d e b t o f a n y
kin d an d no eq u ip m en t n otes o u ts ta n d in g o n a c c o u n t o f e q u ip m e n t ow n ed
a t th e d a te h ereof, e x c e p t such as it w ill h a ve cash In h an d fo r.
Any
a d d ition a l eq u ip m en t pu rch ased o r th a t m a y be p u rch ased a fte r J u ly 1 1 9 1 0
fo r w h ich eq u ip m en t n otes m a y bo Issued w ill p re s u m a b ly earn m u ch m ore
th a n th e Interest o n th e c o s t .— V . 91, p . 277, 215.
Third Avenue RR., New York.— P l a n
N ot
A pproved
by
.—The Public Service Commission, First District,
on Aug. 2 made known its reasons for not approving the
reorganization plan which was outlined in V. 90, p. 108, 104.
Two fundamental objections are named: (1) the value of the
property does not, in the opinion of the Commission, justify
the proposed capitalization; (2) the probable earning capac
ity of the system, as estimated by the Commission, would for
1909 barely meet the interest ($031,000) on the 4% refunding
bonds, and in 1910 and 1911 would be only 2 or 3% on the
income bonds, with no evidence that the stock would receive
even a small dividend for many years to come, 5% on the
incomes calling for $1,120,800 and 0% on the slock for
$995,400. The reorganization committee takes issue with
the Commission on both the foregoing conclusions.
C o m m is s io n
A s t o ea rn in gs, th e C om m ission po in ts o u t th a t th e surplus o f the system
($ 1 ,6 8 2 ,9 0 0 ) fo r th e y ear e n d in g S e p t. 30 1909, sh ow n In th e co m m itte e ’s
sta te m e n t, V . 9 0 , p . 164 (b u t n o t con sid ered b y the co m m itte e a su fficie n tly
fa v o r a b le In d ex o f p ro b a b le results fo llo w in g re o rga n iza tio n ) w o u ld , after
m a k in g th e c o m m it t e e ’s d e d u ctio n o f $38 2,90 0 fo r d e p re cia tio n an d fra n
chise ta x e s , be o n ly $ 1 ,3 0 0 ,0 0 0 , o r b a re ly su fficie n t t o p a y the Interest on
th e refu n d in g b on d s an d 3 % o n th e Incom es.
If to th e fo re g o in g surplus
be a d d ed th e a d d ition a l In co m e — $ 6 0 5 ,0 0 0 — e x p e c te d b y H a rry H ronner
(n a m ely , pow er to W estch ester co m p a n ie s , $ 1 1 2 ,0 0 0 ; sa vin gs In Interest on
r e c e iv e r ’s certificates, loan s, te c., $ 10 3,00 0: savin gs o f la w y e rs’ and m asters’
fees, $ 50 ,000 ; sa vin gs In re p a v in g , $40 ,000 : p ro s p e ctiv e earnings fro m W est
ch ester C os., $10 0 ,0 0 0 , and p r o b a b ly y e a rly Increase, $ 2 0 0 ,0 0 0 ), e v e n then
th e C om m ission states, th e surplus o f $2,2 8 7 ,0 0 0 w o u ld atford less than
5 % fo r the s to c k . T h e co m m itte e ’ s a llo w a n ce , h o w e v e r , f o r d e p re cia tio n
an d fra n ch ise ta x Is d eem ed b y the C om m ission m u ch to o lo w , an d the a fo re
said estim ate o f earnings Is con sid ered o v e r -h o p e fu l, so th a t m a n y years
th e y th in k , w ou ld elapse before there co u ld be a n y re tu rn to th e shared
h old ers . C om pa re V . 89, p . 1662.
[V O L . L X X X X I .
C om m ission 's V a lu a tion , as against Com m ittee’s P ro p o sed $ 5 4 ,9 1 6 000 N ew
S ec u n tie s ($ 1 6 ,5 9 0 ,0 0 0 stock; $22 ,5 3 6 ,0 0 0 in com es; I l5 .7 9 0 .0 0 0 * , )
R e p r o d u c tio n c o s t S e p t. 1 1909, $42 ,9 0 7 ,8 1 6 ; d e p r e c ia tio n to
present c o n d itio n , $11 ,8 0 7 ,6 9 1 ; va lu e , net, $31,001 125- e x
p en d itu res o n p r o p e r ty to F e b . 28 1910, $588,142- v a l u e V e h
28 1910, s a y , $ 3 1 ,6 0 0 ,0 0 0 ; a d d p ro m o te rs ’ profits’ an d d e v e l
o p m e n t, $ 3 ,5 0 0 ,0 0 0 , an d cu rren t assets, $ 1 ,7 4 6 ,6 3 7 ; total
D e d u c t curren t lia b ilitie s _____________ - - - - - - - - - I I - I . I I I I I I I I ’ ^18,’ 7 1 0 ’ 7 4 4
N et assets s u b je c t to c a p ita liz a tio n ____
$18 135 8 9 3
A llo w a n ce s fo r new c a p ita l: O rga n iza tion e x p e n s e s .. ...............
’s o o 'o o o
R e c e iv e r ’s certifica te s, A c _____________
" g ooo’
ooo
F o r n ew tra ck s, & c., o n T h ird A v e . a n d s u b s id ia r ie s ! IIIIIIIII 2)ooo)ooo
T o ta l assets s u b je c t t o c a p it a liz a t io n ............................................. $ 2 9 ,9 5 0 000
A d d in g a p ro p e r d is co u n t u p o n a new Issue o f b o n d s, & c., a fa ir a p p r o x i
m a tio n o f the a ggregate ca p ita l w hich the C o m m ission in tim a te s It w ill allow
w o u ld be som ew h ere betw een $ 3 0 ,0 0 0 ,0 0 0 a n d $ 3 5 ,0 0 0 ,0 0 0 .— V . 9 1, p . 95.
Tri-City Ry. & Light Co.— R e p o r t . —Year ending May 31:
Y ea r ending
Gross
m nn
E a rn in g s.
.............................$ 2 ,2 2 6 ,1 4 5
-------- . - - - -------- 1,9 0 0 ,7 1 5
— V. 90, p . 1041.
N et
Interest on
E a rn in g s.
B on ds.
$ 9 5 6,46 5 $ 4 2 0,82 6
8 21 ,282
3 88 ,682
United. Railroads of San Francisco.— B o n d s
Other
In terest.
$ 56 ,080
6 2 ,789
of
B a la n ce,
S u rp lu s.
$ 4 7 9,55 9
309 ,810
A l l y .— S ee
Sierra & San Francisco Power Co. under “ Industrials” be
low.—V. 90, p. 1556.
Western Maryland Ry.— L i s t e d .—The New York Stock
Exchange has listed $205,000 additional common stock,
making the total amount listed to date $24,224,500, with
authority to add from time to time prior to July 1 1912
S2o,204,600 additional common stock, on official notice of
issuance and payment in full, making the total amount
authorized to be listed $49,429,100.
T h e $25 ,4 6 9 ,6 9 0 a d d itio n a l s to c k w as sold at 50 o n a c c o u n t o f th e p r o
posed e x te n s io n to a c o n n e c tio n w ith the P ittsb u rg h * L a k e E rie w hich
w ,t h oe qulpmeon t . i.6t Is e s tim a te d , w ill c o s t a b o u t $ 1 2 ,7 0 0 ,0 0 0 . C om p a re
—For 5
s. ending May 31 1910:
In c o m e A c c o u n t.
1110
n r .,i 0 0 0
1 . 1 „ .........
....
O p era tin g r e v e n u e .......... ..$ 3 ,0 5
4 ,3 9 2 T o ta l __
net In co m e ____$ 1 ,5 2 1 ,7 2 2
N et a fte r ta x e s, ($92,500) 1,302,477
D ed u ct—
M lsc. Incom e b a la n c e ____
34,681 In te re st on b o n d s __
8 51 ,342
R en ta ls o f leased lin e s____
58,925
N et Incom e ra ilw a y s
$1,3 3 7 ,1 5 8 F ret. d lv . (q u a r.) ( ! % ) . .
100 ,000
N et p ro fits c o a l, & c .............
1 8 4 ,5 6 4
T o ta l d e d u c t io n s _______ $ 1 ,0 1 0 ,2 6 7
T o ta l net In co m e _______ $ 1,521,722 B a l. t o p ro fit & loss, cre d it $51 1,45 5
— V . 91277 ., p .
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Fork & Hoe Co., Cleveland.—R e - i n c o r p o r a t i o n .
-1his company, heretofore a New Jersey corporation, its
outstanding capital stock being $2,500,000 7% cum. pref.
and about $2,000,000 common, in shares of $100 each (no
bonds), is succeeded by a new company of the same name,
incorporated in Ohio on or about June 1 with $10,000 nominal
stock, which has been or will be increased to $0,500,000,
viz.; $2,500,000 7% cum. preferred and $4,000,000
common. The old pref. will be exchanged for new pref.,
S for $, and the old common for new common, one old share
for two of the new common, in order to distribute $2,000,000
of the accumulated surplus. Depositary for old shares to
be exchanged, Citizens' Savings & Trust Co., Cleveland.
T h e d iv id e n d ra te , It Is u n d e rs to o d , has been 7 % on p r e f., 4 % on co m
sin ce A pril 1905. P r e s ., VV. H . C o w d e ry ; T r e a s ., P . II. W lt h ln g t o n ’
F a cto rie s in 1910: A sh ta b u la W o r k s , A s h ta b u la , O .; B a tch e lle r W ork s
W a llin g fo r d , V t .; B olles W o r k s , B in g h a m to n , N . Y .; E ly W o rk s S t ’
J o h n sb u r y , V t .; G en eva W o r k s , G en eva , O .; H a rd m a n W o rk s, H a r d m a n )
Term
The Io w a h a rm in g Tool C o ., I-t. M ad ison , l a .; O tsego W ork s N o
G irard, P a .; P h ilad elp h ia W o r k s . F r a n k fo r d , P h ila d e lp h ia , P a l- S ou th ern
W o r k s , M em phis, T erm .; W illo u g h b y W o rk s, W illo u g h b y , O .; W lth ln g to n
W o r k s , J a ck s o n . M ich .; T h e N a tio n a l H an dle C o ., F t. VVayne, In d , an d
M em ph is, T e n n . C om pa re V . 75, p . 668, an d see V. 88. p . 1 1 9 9 .
Ameiican Gas & Electric CoV, New York.— N e w P r e s i d e n t .
—Vice-President It. E. Breed has been elected President,
succeeding Henry L. Doherty, resigned. A. RI. Young has
been made Vice-President.—V. 91, p. 90.
American Light & Traction Co., New York.—E a r n i n g s .—
For the year ending June 30:
Y ea r end’ g E a rn s, fr o m
Other
N et
P r e f . D ie . C om m on
B a lan ce,
J u n e 30. Su b. C os.
Incom e.
P r o fits .
( 6 % ) . D ivid en d .
S u rp lu s
1 9 0 9 -1 0 ...$ 3 ,2 2 2 ,2 3 0 $37 6,26 2 $ 3 ,4 8 8 ,3 4 1 $85 4 ,1 7 2 $85 7,36 4 $1,776 805
1 9 0 8 - 0 9 ... 2 ,7 4 7 ,7 8 3 304 ,834
2 ,9 7 7 ,8 3 0
8 5 4 ,1 7 2 680,417 1,443,241
T h ere w ere also d e d u cte d s to c k d iv id e n d s o n th e co m m o n s to c k a m ou n tin g
to $94 9,28 2 In the y ear e n d in g Ju n e 30 1910, again st $82 7,91 0 In 1908-09
le a v in g a balance o f $ 8 2 7,42 3 In 1909-10, a gain st $615,331 in 1 90 8-0 9’
— V . 90, p. 978.
’
American Telephone & Telegraph Co,, New York,—E a r n
.—President Theo. N. Vail on July 30, referring to the
summary of the combined business of the American Tele
phone & Telegraph Co. and associated companies for the first
six months of 1910, which is given in our earnings depart
ment, says:
in g s
000 , an Increase o f n early $90 0 ,0 0 0 o v e r last y e a r” ~ ^USt 's llort °* 5 4 ,0 0 0 ,T h e a m o u n t set aside o u t o f re ve n u e to p ro v id e fo r r e co n s tru ction and
renew als u n d er th e h e a d o f d e p re cia tio n w as $ 1 3 ,8 9 4 ,9 7 4 , o r $3 605 373
m ° re i(lar| last yca J ' ; O f this s u m , $2,9 0 9 ,7 4 3 w as used fo r these pu rposes,
w hile th e ba la n ce, $ 1 0 ,9 2 5 ,2 3 1 , rem ain s as a reserve fo r fu tu re replacem en ts
T h e net earnings s h o w an Increase o f $ 1 ,5 4 7 ,8 5 9 . w hile Interest ch arges
rem ain s u b s ta n tia lly th e sa m e.
T h e net profits a v a ila b le fo r d iv id e n d s
Increased $ 1 ,5 7 6 ,4 3 1 , w hile th e d iv id e n d s paid Increased o n ly $619 838
O f the $1 8 ,7 2 0 ,4 4 8 net p rofits, $ 1 2 ,6 1 8 ,0 2 0 w ere p aid o u t fo r d iv id e n d s ’
le a vin g a surplus fo r six m o n th s o f $ 6 ,1 0 2 ,4 2 2 , an a m o u n t su b s ta n tia lly
equ a l to h a lf o f the d iv id e n d s p a id , a n d an Increase o f a lm o st $1 000 000
o v e r last y e a r.
’
’
T h e u n e x p e n d e d reserve fo r r e c o n s tru ctio n an d rep la ce m e n ts fo r the six
m o n th s , to g e th e r w ith this su rplu s e a rn e d , Is $ 1 7 ,0 2 7 ,6 5 3 , o r $4 409 G°7
In excess o f the total d iv id e n d s paid fo r the six m o n th s. T h ese reserves
an d surplus earnings p ro v id e d o v e r 8 0 % o f th e $2 1 ,1 3 2 ,0 6 6 e x p e n d e d on
c o n s tru ctio n a c c o u n t fo r the six m o n th s.
N o t Inclu din g the sta tion s o f c o n n e c tin g c o m p a n ie s, th e Increase In sta
tion s o f the Bell system d u rin g the six m on th s was 234 9 3 5 as c o m p a re d
w ith an Increase o f 167,691 s ta tio n s In th e first six m on th s o f 1 90 9.__
V . 91. p . 216
339
THE CHRONICLE
A u g . 6 l!) 1 0 .1
Arkansaw Water Co., Little Rock.— N e w S t o c k .—A cer Engineering Co. of Chicago and Evansville is building the
tificate has been filed increasing the capital stock from plant, ai d expects to have it completed by Nov. 1 1910,
as required by their contract.
'§50,000 to, it is said, $500,000. Compare V. 89, p. 13o0.
T h e fra n ch ise p ro v id e s fo r the p a y m e n t to the c it y o f 3 % o f th e ann ual
Austin (Tex.) Gas Light Co.— N e w S t o c k .—A certificate gross r e ce ip ts . S h ou ld th e c it y n o t gran t th e c o m p a n y a ren ew al o f the
n ch ise o n its e x p ir a tio n a n d , Instead, sh ou ld en gag e in th e m u n icipa l
was filed at Austin, Tex., July 22, increasing the capd^lstock fra
ligh tin g business, then th e c it y m ust b u y tills c o m p a n y ’s p la n t a t an
from $325,000 (consisting of $75,000 0% pref. and $250,000 ap
p ra ise d v a lu a tio n , fixed b y three app ra isers, o f w h ich th e c o m p a n y an d
th e c it y each e le ct o n e an d the tw o the th ird .
common) to $350,000.
T h e b o n d s are d a te d Ju n e 1 1910, m ature Ju n e 1 1920, b u t are callab le
B o n d e d d e b t Is rep orted t o co n sist o f 527 5,00 0 5 % rf/n at®? o l ^ n t e r c s t
($3 0 0 ,0 0 0 a u t h .,. due in 1 9 2 5 ,b u t red eem able O ct. 1 1910 a t lO o,
tc
&**P o w e r "C ol o f M u n cic) b i d . , b e lo w .— V . 81, p . 1377.
Canadian Colored Cotton Mills Co., Montreal.— S to c k
In w h ole o r In p a rt a t 105 o n a n y Interest d a te a fte r Ju n e 1 1915. In terest
J. ii u . at C h ica go a n d E v a n s v ille . S in k in g fu n d , b e gin n in g w ith 1915,
d u rin g first five y e a rs, t o retire 2 % o f o u ts ta n d in g b o n d s y e a r ly ; d u rin g
e n su in g liv e years 3 % , an d d u rin g last five years 4 % . T h e unissued b on d s
are reserved fo r p erm an en t b e tte rm e n ts o r exte n sio n s a t n o t to e x c e e d 8 5 %
o f th e co st th e re o f. T h ere are n o p r io r liens. T h e m o rtg a g e c o v e r s an
entire c ity b lo c k lo ca te d In th e heart o f th e c it y , th e p o w e r hbuse n o w being
e re cte d th e r e o n , all th e fra n ch ise rights an d o tn e r assets. M erca n tile T ru s t
& S av in gs C o . o f E v a n sville w ill be on e o f th e tru stees.
T h e preferred s to c k carries a 6 % d iv id e n d , w h ich w ill b egin to a ccru e
Ja n . 1 1911, an d Is p a y a b le q u a rte rly th e re a fte r. T h e d iv id e n d Is a c c u m u
la tiv e an d th e s to c k Is p referred as t o assets, bu t w ith o u t v o t in g p o w e r.
P a r S100 e a ch .
M ay be ca lled a t a n y tim e a fte r J a n . 1 1916 a t 105 plus
all arrearages. If a n y , o f d iv id e n d s .
P res., N e w to n K e lsa y; V lc e -P r c s ., W m . H . M cC u rdy a n d H e n r y C .
M u rp h y; T re a s ., Chas. F in le y S m ith ; S e c ., J o h n J . N o la n .
<
certificate was filed on July 28 1910
increasing the capital stock from So,000,000 to $8,000,000
(common and pref.), in order to carry out the plan lot pmchasing the shares of the Mt. Royal bpinning Co ..owning a
plant at Montreal (not Marysville, N. B.); also the Gibson
Cotton Mill, Marysville, N. B. See plan in \ . 90, p. 1241.
Goldfield (Nev.) Consolidated Mines Co.— D i v i d e n d .—
Chalmers Motor Co., Detroit.—D i v i d e n d s .—This company,
established in the spring of 1900 to manufacture the “ Chal E a r n i n g s . —An official circular dated July 30 announces
mers Detroit” motor car, has declared a cash dividend ot dividend No. 8 at 50 cents per share, being the regular
30% and a stock dividend of 900%, this last by increasing quarterly dividend disbursement of 30 cents per share,
an extra dividend of 20 cents per share.
the capital stock from $300,000 (all of one class) to $3,000, together with
(T on s Treated and S h ipp ed ) and E a rn in g s f o r Second Q uarter.
000 through an increase in the par value of each share from P rodu(Jction
u n e A p p ro x im a te.
“ M e t. L o s s " m^ans “ M e la Ittrgical lo s s e s ." )
M o n th — D ru T o n s. Gross V a l. O p . C ost. C on str'n. M e t. L oss. N et P r o fit
$10 to $100.
A p ril
16,226 $ 1 ,1 2 3 ,7 4 4 $ 1 9 7,09 2 $65 ,0 0 0 $44 ,342
$ 8 1 7,31 0
I n c r e a s e — M e r g e r .— A
T h e c o m p a n y has Invested $ 1 ,5 0 0 ,0 0 0 In new buildin gs and m ach in ery
to tu rn o u t p r a c tic a lly all th e p arts w h ich g o Into the Chalm ers cars, and
th e o ffic e r s c o n c lu d e d th a t th e s to c k should m ore closely represent the
e x t e n t o f th e p r o p e r ty an d business. O fficers: P re s., H u gh Chalm ers,
S e c ., H a r r y VV. F o r d ; T r c a s ., C. A . P fe ife r.
Chester County (Pa.) Electric Co.—S a l e
—Chan
cellor Curtis at Wilmington, Del., on Aug. 1 ordered the
sale of this property under foreclosure of mortgage;
Central Trust & Savings Co. of Philadelphia, trustee.
O rd ered .
W illia m M H o p e o f D o v e r Is re ce iv e r an d w ill c o n d u c t th e sale
The
a m o u n t d u e fo r p rin cipa l and Interest on th e $19 0,00 0 b o n d s Is s ta te d as
$ 2 0 4 ,0 0 0 . T h e c o m p a n y Is said to ow n several m ills In D elaw are a n d p o w e r
p lan ts In C hester C ou n ty , P a .— V. 8 9 , p . 165.
Citizens’ Light, Heat & Power Co., Montgomery —
See Montgomery Light & Water Co. below.—V. 89, p. 921.
Columbus & Hocking Coal & Iron Co.—P l a n .—The com
mittee consisting of Frank B. Keech, Chairman, Alexander
Gilbert and Frank N. B. Close, with Bankers’ Trust Co.,
7 Wall St., as depositary, has issued the following plan.
Holders of bonds, stock, notes and claims who have not
deposited the same may become parties to the plan by de
positing their holdings with the depositary on or before
Sept. 7 1910.
. . .
___ %
Proposed New Company and New Sccurifics.
’
I t Is p rop osed to organ ize a n ew c o m p a n y and vest In It th e o w n ersm p
o r con trol o f all th e p r o p e r ty o f the C olu m bu s & H o ck in g C oal & Iro n C o.
and th e C olu m bu s & H o ck in g C lay & B rick M fg. C o ., as a c q u ir e d b y the
c o m m itte e a t foreclosu re sale o r o th erw ise. T h e new securities to be:
First m tg e . 5 0 -y c a r 5 % sin kin g fu n d g o ld b o n d s, d a ted Ja n . 1
1911, red e e m a b le at 1 0 5 % and ln t ., annual sinking fund ta x o f
at lea s t 5 c . p er to n o n c o a l, 15c. per b b l. o n oil and 25c. per
1,000 on b r ic k ---------- ------------------------------------------------------------------- ^ I 'n n n o n n
C om m o n s t o c k --------------- ----------------------------------------- ----------- ---------------- 4 ,0 0 0 ,0 0 0
W ill Receive in E xchange----A m ou n t
N ew 1st M .
N ew Stock.
Outstand'g.
$
$
Holders o f —
__S ___
518.000
........
.............
1st M. 5 % w ith J u ly ’ 10 c o u p , o n 691,000 75
600.000
2d M. 6 % w ith J u ly ’ 10 c o u p , on 800 ,000 7f
12,000 1 0 0 %
120 ,0 0 0
P f.s tk .w h o p a y $10 a share, a b t . 120,000 10%
700 .000 5 0 % 3,5 0 0 .0 0 0
C om . stk . w ho p a y $10 a s h a r e .7 ,0 0 0 ,0 0 0 10%
170.000
3 8 0 ,0 0 0
C on tin gen cies, a n y balan ce t o new c o m p a n y . .
T o t a l ................................ ............................................... 2 ,000,000
4 ,0 0 0 ,0 0 0
H o ld e r s o f b o n d sy n d ic a te receipts for bon u s pref. s to c k to can cel sam e.
T o general cred itors fo r claim s o f $100 o r un d er, 100% In cash; c la im s
o v e r S100. 5 0 % In cash.
.
.
T h e new c o m m o n s to c k to be d ep osited u n d er a v o tin g tru st a g reem en t,
w h ich shall Inclu de the fo llo w in g a m o n g Its essential features: (a) s to c k to
rem ain In trust fo r live years; (0) v o tin g trustees to be Invested w ith all
pow ers and p r iv ileg es o f c o m m o n stock h old ers; (c) the llrst v o t in g trustees
shall be n am ed b y the c o m m itte e .
Current A ssets and L iabilities as o f A p r il 30 1910.
A ssets 15144 8 5 4 )__
I Liabilities ($333,468) —
Cash
...................... $19,389 U n paid a c c o u n t s ______ ______ $178,612
A c c o u n ts re c e iv a b le
. .. .1 0 1 ,4 6 5 1 L o a n s ------------------ ------------- —
12,900
B ^ k s o ld b u t n o t d eliv e re d 14,000 l n t ., sin k, fu n d , 1st M .,
10.000
ton n age ta x , ta x e s. & o . .
54.731
o i l u e n v e r e u ......... ...................
.
A d v a n ce s due L a th ro p , H as| kins & C o _________________
87,225
T h e fo re g o in g sta tem en t Is m ade fro m d a ta furnish ed b y th e receivers
as o f A p r il 30 1910 and co v e rs the Coal C o .. B rick C o . an d th e C o n stru ction
C o ., the la tte r tw o com p a n ie s being subsidiaries o f th e fo rm e r . O h io .State
t a x o n c a p ita l, b ein g c o n tin g e n t, Is not In clu ded. O n A u g . 1 1910 the to ta l
a ccru ed cu rren t liabilities will be a b o u t $ 3 o 0 ,000 , t o w hich m ust b e a d d e d
ex p en ses o f foreclosu re, receiversh ip an d re o rg a n iz a tio n .— V . 9 1 , p .2 1 0 I c 6 .
Covina Valley (Cal.) Gas Co.— S to c k I n c r e a s e .—The share
holders will meet on Sept. 1 at Covina to consider increasing
the common and preferred capital stock, &c. At last ac
counts there was outstanding .$10,000 pref. and $34,000 com
mon stock; bonds auth., $50,000; issued, $34,000.—V. 80,
p. 1365.
Crows Nest Pass Coal Co.—D i v i d e n d .—The directors have,
after two years’ intermission, declared a dividend of 1%,
payable Aug. 10 to shareholders of record Aug. 5, covering
no particular.period.—V. 90, p. 1168.
Dawes Bros. (Inc.).—See Heat, Light & Power Co. of
Muncic, Ind., below.
Evansville (Ind.) Public Service Co.— S t a t u s
o f N e w E n te r
.—This Indiana corporation was granted on Dec. 6 1909
a liberal 25-year franchise by the City of Evansville to fur
nish electric light, power and heat from a central station.
The capitalization consists of $1,000,000 of authorized capi
tal stock, of which $500,000 is preferred, the amounts out
standing being $400,000 common and $200,000 preferred,
and an issue of $500,000 1st M. 6 % gold bonds, of which
the present issue will be $250,000. The Central Station
p rise
M ay
20,509
J u n c I I I I ______20,091
1 ,037,276
909 ,4 8 0
214 ,962
174,800
40,0 0 0
65,000
4 3 ,206
41,2 1 6
739,108
6 28 ,464
T o t a l ............. .5 6 ,8 2 6 $ 3 ,0 7 0 ,5 0 0 $58 6,85 4 $17 0,00 0 $128,764 $2,1 8 4 ,8 8 2
" O n Ju n e 30 1910 th e c o m p a n y ’ s cash balances ag g re g a te d $ 2 ,7 1 1 ,8 7 5 :
o n J u ly 3 0 , a fte r th e d isb u rse m e n t o f d iv id e n d N o . 8 , th e y w ill be a p p r o x i
m a te ly $ 1 ,4 2 5 ,0 0 0 .”
C om p a re V . 91. p . 212.
Great Shoshone & Twin Falls Water Power Co— O f fe r i n g
—Emile de Planque, 37 Wall St., N. \ .
City, representing J. S. & W. S. Kuhn Inc., Pittsburgh,
Chicago and Philadelphia, is offering at par and int. $500,000
6% collateral trust coupon notes of $1,000 each, uncondi
tionally guaranteed by the American Water Works & Guar
antee Co. of Pittsburgh, Pa. Dated Aug. 1 1910. Denomi
nation $1,000. Maturities, $100,000 due Aug. 1 1911,
$150,000 due Aug. 1 1912, $250,000 due Aug. 1 1913, but
callable at any time upon 60 days’ notice as follows; Ma
turity of 1913 at 102 and int.; maturity of 1912 at 101 and
int.;*1911 maturity, 100 & int. Int. F. & A. at Common
wealth Trust Co., Pittsburgh, trustee. A circular reports:
o f G u a r a n te e d N o t e s .
F in a n cia l Statem ent.
C apital s t o c k , fu lly p a i d . .$ 1 ,5 0 0 ,0 0 0 1 B o n d s in tr e a s u r y ---------------$ 5 7 5,00 0
A u th . 5 % b o n d Issue____ 1 0 ,0 0 0 ,0 0 0 1B o n d s held fo r b e tte rm e n ts
Bonds Issued (sec. fo r notes)
625,0001
(to be Issued at 9 0 % c o s t )8 ,8 0 0 ,0 0 0
E a rn in g s o f Great Shoshone F a lls P la n t.
1908.
1909. 1910 (5 mos)
G ross e a r n in g s .______________________________ $17 ,7 2 5
$69,113
$49 ,923
N et earn in gs (after o p e ra tin g expenses) —
7,029
4 8 ,606
36,092
B y reason o f exten sion s an d Im p rovem en ts th a t are b ein g m a d e . It Is
b eliev ed th a t th e net earnings o f 1911 w ill be n e a rly th ree tim es the net
earnings o f 1909. T h e n et earnings o f th e G reat S h osh on e Falls p la n t, th e
o n ly plan t In o p e ra tio n In 1909, w ere fo r th a t y ear 6 0 % In e x ce ss o f th e
a m o u n t required to p a y Interest on the present Issue o f $50 0,00 0 o f n o tes.
T h e n otes o ffe re d are issued t o refu n d a like a m o u n t o f n otes o f the
c o m p a n y m atu rin g A u g . 1 1910.
T h e to ta l a u th orized n o te Issue is
$1 ,2 0 0 ,0 0 0 ; the rem ain in g $700,000 can be Issued o n ly as the 1st M . 5s,
issued fo r exten sion s and im p ro v e m e n ts , are a v a ila b le a n d are d e p o s ited
w ith th e trustee a t the ra tio o f 125 % o f b o n d s to 1 0 0 % o f n otes Issued,
T h e b o n d s d ep o site d are secured b y a llrst m o rtg a ge o n th e real e sta te,
d a m s, h ead gates, pow e r-h o u se s, m a ch in e ry , s u b -sta tio n s, transm ission
lines, fra n ch ises, rights o f w a y an d o th e r pro p e rtie s o f the c o m p a n y . Includ
ing those a cq u ire d hereafter, an d are g u a ra n te e d , p rin cip a l an d Interest, b y
A m e rica n W a te r -W o r k s & G uarantee C o.
T h e c o m p a n y has In o p e ra tio n and Is fu rth e r d e v e lo p in g on th e b n a k e
R iv e r , I d a h o , o n e o f th e greatest gro u p s o f w ater pow ers in th e U n ited
S ta te s. T h ese w ater p ow ers are lo ca te d In the cen tre o f th e fa m o u s Tw in
Falls Irrigated c o u n tr y . T h e c o m p a n y has c o n s tr u c te d d a m s, h ead gates,
p o w e r-h o u se s , m a ch in e ry , & c., at G reat S h osh on e Falls and a t th e L o w e r
S a lm on F a lls, an d Is n o w also a c tiv e ly a t w o rk o n d e v e lo p m e n ts a t o th e r
p o in ts . T h e to w n s o f T w in Falls, Je ro m e , W e n d e ll, H a ge rm a n , H ollister,
F iler, B u h l, K im b e rly and G o o d in g , the p rin cipa l citie s In th e Twin halls
tr a c t, arc n o w b e in g su p p lied w ith pow er an d lig h t.
The c o m p a n y Is
r a p id ly e x te n d in g Its tran sm ission lines to c o v e r the entire T w in r a ils
s e c tio n ; it ow n s p erp etu al fra n ch ise rights th ro u gh th e te r rito r y In w h ich It
o p e ra te s.
[In co r p o r a te d In J a n . 1907.— E d .]
Heat, Light & Power Co. of Muncie, Ind.— S u c c e s s o r
—This new company recently filed a certificate in
Indiana increasing its authorized common stock from $30,000
to $500,000 and creating an issue of $135,000 7% cum. pref.
stock preparatory to taking over the property of the Muncie
Gas Light & Fuel Co. (V. 89, p. 1480). The bondholders’
committee of the last-named company, consisting of G. P.
Hoover, Andrew Cooke and II. A. Dow, recently made the
following statement to the depositing bondholders:
C om pany.
T h e M uncie Gas L igh t & F uel C o. has been p u rch a se d b y C harles G .
D aw es an d R u fu s C. D aw es o f C h ica g o , an d th efr a s so cia te s, w h o co n tr o l
an d arc su cce ssfu lly o p e ra tin g va rio u s gas pro p e rtie s th r o u g h o u t the
c o u n tr y , an d w h o re ce n tly pu rch ased the p ro p e rty o f the H e a t, L ig h t &
B ow er C o ., the c o m p e tin g pla n t In M u n cic, in ord e r to c o n tr o l the entire
gas business In th a t c it y an d its s u b u rb s. R iv e rsid e an d N o rm a l C ity .
T h e H e a t, L ight & B ow er C o ., w ith the fo llo w in g c a p ita liz a tio n s , w ill
o w n the p r o p e r t y 'o f b o th c o m p a n ie s: P r e f. s to c k . 7 % c u m ., $13 5 ,0 0 0 ;
co m m o n s t o c k , $50 0,00 0; 1st Al. b on d s ($300,000 a u t h . ) , $ lo 0 ,0 0 0 , 2 d M .
b o n d s, $24 0 ,0 0 0 .
O f the 1st M. 5 % 2 0 -y e a r b o n d s (d a te d Ju n e 1 1910.
redeem able a t 102 y. an d int. o n a n y Int. d a t e ), $15 0,00 0 w ill be Issued fo r
n o t e x ce e d in g the a ctu a l cost o f perm an en t e x te n sio n s an d a d d itio n s , in clu d
in g a gas h o ld e r, an d fo r reasonable org a n iz a tio n e x p e n se s; th e rem ain in g
$150 000 to be issued fo r n o t e x c e e d in g 7 5 % o f th e c o s t o f perm an en t
e x te n sio n s an d a d d itio n s , in clu d in g an a rtificial gas plan t w hen necessary.
T h e en tire $2 10,000 o f the 2d M . 15-year 5 % b o n d s (re d e e m a b le a t par
a n d lnt on a n y ln t. date) w ill be Issued Im m e d ia te ly , $ 2 2 8,80 0 t o be
d eliv e re d to the holders o f the b o n d s o f th e M u n cie G as L igh t & F u el C o.
to c o v e r the prin cipa l and $20,800 p a st-d u e ln t. on said b o n d s, a n d the
rem ain in g $11 ,200 to be sold t o p ro v id e fu n d s t o p a y In cash live m o n t h s ’
Int. o n the old b on d s (Jan . 1 t o Jun e 1 1 9 1 0 ), ln t. o n o v e r d u e c o u p o n s and
o th e r necessary exp e n se s.
O n this basis y o u w ill re ce iv e fo r ea ch $1,000
b o n d represented b y certificate o f d e p o sit $1,100 2d M . b o n d s bearin g in t.
fro m Jun e 1 1910 and $26 71 In cash .
W e h a ve also secured fo r y o u a n o p p o r t u n it y t o pu rch ase at 95 a n d ln t.
the new 1st M . b on d s a c c o m p a n ie d b y a bo n u s o f 5 0 % In p ar v a lu e o f co m
m oil s t o c k . T h e pref. and c o m m o n s to c k s o f the new c o m p a n y (e x c e p t fo r
th e c o m m o n a llo tte d t o su b scrib in g b o n d h o ld e rs) w ill be taken b y M essrs.
D aw es an d th eir associa tes an d w ill represen t a cash In vestm en t o f at least
$100 000
T h e M essrs. D aw es an d th eir a ssocia tes h a ve also agreed to
p u rch ase all o f the $15 0,00 0 1st M . b o n d s w h ich are n o t su b scrib e d fo r .
340
t t t f
. r n n
P ^ w es g;is Interests, It is u n d e rs to o d , are largely held b y th e M e tro
p olita n G as & E le c tr ic C o. o f C h ica go (V . 8 5 , p . 1 5 3 4 ).
In O ct. 1908 there
«ai/w 5 if? e ’ p re s u m a b ly b y the sam e Interests, “ D aw es
a rtificial gas, & c '— l 'd ’ ] 0 0 ’ 00° capItal s t o c k - a n d th c rlt?ht to m a n u fa ctu re
r Hydraulic Power Co. of Niagara Falls.—Bonds.—Spencer
Ira.sk & Co., New York, Boston, Chicago and Albany
recently offered at par and interest $050,000 “ first and
refunding mortgage” 5% gold bonds, tax-exempt in N. Y
btate, dated July 1 1910, due July 1 1950, but redeemable,
all or any part, at 110 and int. on any int. date after July 1
1920 upon six months’ prior notice. Commonwealth Trust
Co. of Buffalo, N. Y., trustee; also transfer agent and regis
trar. Par $1,000 (c*&r). Int. J. & J. The bonds have
all been sold but the firm’s advertisement describing the
issue is published for record on another page of to-day’s
“ Chronicle.” A circular says in substance:
, Capitalization o / the C o m p a n y as o f J u ly 1 1910.
First an d r efu n d in g m t g c .” 5 % b o n d s, d u e J u ly 1 1 9 5 0 ..
$650 000
R eserv ed to retire $ 1 ,2 0 0 ,0 0 0 N iagara Falls H y d ra u lic P o w e r &
M fg. C o. 1st M . 5 % b on d s d u e J a n . 1 1917 an d callab le on
a n y Interest d a te on 6 m o s .' n o tice at 100 & Int. (V . 86, p. 859) 1 200 000
R eserv ed to retire $65 0,00 0 N iagara Falls H y d ra u lic P ow er & ’
M fg . C o. purch ase m o n e y 4 % b o n d s (secu red b y m illing p rop
erties) d u e M ay 1 1920 ________________________ ______________ 650,000
T o ta l b on d s o u ts ta n d in g , ln cl. th e p resen t $650,000 “ first
and refu n d in g ” 5s______________________________________
$ 2 5 0 0 000
“ F irst an d refu n d in g m t g e .” 5 % b o n d s reserved In th c treasury
’
’
fo r a d d ition s , e x ten sio n s an d Im p ro v e m e n ts, o r fo r the a cqu isi
tio n o f n ot to e x ce e d $ 7 5 0,00 0 Cltir E le ctrica l D istrib u tin g Co
"*j ,
first m o rtg a g e 5 % b o n d s, d u e J a n . 1 19 4 0 _______
000,000
T o ta l au th oriz ed Issue o f “ first a n d r e fu n d in g m t g e .” 5 % bondsS J 500 000
C apital s to c k , all c o m m o n , a u th . an d o u t s t ’ g (par o f shares $ 1 0 0 > $ 1 2 ,’ o o o ! o o o
N ote.— T h e c o m p a n y Is u n d e r c o n t r a c t to d e liv er on O ct 1 1 9 1 0 $2 500 000 , par v a lu e, o f Its 6 % co n v e r tib le 2nd m tg e . b o n d s ’ w hich a re e x
pressly m a d e s u b je c t to the Hen o f th c “ first and r e fu n d ln g ’m o r tg a g e .”
* T h e CUir E lectrica l D istrib u tin g C o. has an au th orized Issue o f SI 500 000 1st M 5 % b o n d s d u e J a n . 1 1940. O f these C d s , $ 7 5 o !o o o Ire ow n e d
b y th e H y d r a u lic P ow er C o. o f N iagara ta ils an d are p ledged w ith the
trustee as c o lla te ra l se c u r ity fo r Its "fir s t a n d refu n din g m o r tg a g e ” 5 %
b on d s.
T h e ^rem aining $750,000 1st M . 5 % bon d s o f the Cfi If E lectrical
D istrib u tin g C o. m u st be a cqu ired b y th e H y d r a u lic P ow er C o. o f N iagara
F alls th rou gh Issue o f a part o f the $1,0 0 0 ,0 0 0 “ first and r e fu n d in g m tge ”
5 /u b on d s reserved for a d d itio n s , exte n sio n s a n d Im provem en ts.
A s these
b o n d s are a cq u ir e d , th e y w ill be pled ged w ith the trustee u n d er the "fir s t
an d refu n d in g m t g e .” o f th e H y d ra u lic P ow er C o.
O rganisation.-— In co rp o ra te d (at A lo a n y o n M ch. 28 1910; on Ju n e 1 1910
th e s to c k w as increased fro m $ 5 0 0,00 0 to $ 1 2 ,0 0 0 ,0 0 0 .— E d .) t o a cq u ire
the plan ts, properties w ater rights and all o th e r assets o f th c N iagara Falls
H y d r a u lic I ow er & M fg. C o. (In corp. In 1878 and had paid regular d lv l2 d o f y e a rs ); also the ou tsta n d in g b o n d Issue o f the
ClllI E lectrical D istrib u tin g C o.
I h e tr e a ty betw een th c U nited S tates
a n d Canada p rov id es fo r a m a x im u m dive rsio n o f w ater fro m th e A m e rica n
side o f th e falls o f 20,000 c u b ic feet per s e co n d , a n d , in the op in io n o f c o u n f 1.'
H y d r a u lic P ow e r C o. o f N iagara Falls has an establish ed rig h t to
6,500 c u b ic feet o f w ater per se co n d fo r Its h y d ra u lic canal.
Ih e business o f the H y d ra u lic P o w e r C o. Is con fin ed to the d e v e lo p m e n t
or m e c h a n ic s horse p ow e r. T h e c o m p a n y ow n s a p p ro x im a te ly 100 acres
o f land lo ca te d a t N iagara Falls.
W ith the e x c e p tio n o f the land n ecessary
fo r the o p e ra tio n o f Its o w n pla n t, it rents this real estate to va rio u s m an u racturlng con cern s on lo n g -te rm leases. T h ese con cern s are also users o f
its com m ercia l p ow er.
I n o r d e r b e s t t o serve the lessees o f a b o u t 25 a c r e s o f
this lan d, w hich is lo ca te d In the C ity o f N iagara Falls, N . Y ., a b o u t 1 'A
m iles from the m ain plan t o f the c o m p a n y , the Cllir E lectrical D istrib u tin g
C o. w as In corp ora ted (V . 89, p. 4 7 2 ). T h is c o m p a n y tran sform s the m cch an lcal horse pow er in to e lectrical horse po w e r an d op erates the tran sm is
sion line servin g the lessees o f this land w ith the co m m e rcia l p o w e r used b y
th em .In their va riou s m a n u fa ctu rin g Industries.
S om e o f the Lam est Custom ers o f the C liff Electrical D istribu ting C o.
E le ctro M etallurgical C o. O n eid a C o m ’ ty , L td .
N ation a l E le c tr o ly tic C o .
N iagara P u lp B oa rd C o. T ita n iu m A llo y M fg. C o. N iagara Falls M illing C o .
D efian ce P a per C o.
U . S . L t. & H tg . C o.
C ity o f N iagara F a lls,
W m . A . R o g ers, L td .
N ation a l C a rbon C o.
pow er tor p u m p . s ta .
fi? A ls o su pplies a b o u t 50 sm aif cu stom ers w ith 1 to 250 h. p. e a ch .
P r in c ip a l Custom ers o f H yd rau lic P ow er C o ., B ein g L essees o f Its Lands and
Users o f Its C om m ercial Pow er, Said P ow er B ein g in A d d ition
to that S u p p lied C liff E lectrical D istribu ting C o.
A lu m in u m C o. o f A m erica
CUir P a per Co
B u ll. & N . F . E l. L t . & P o w .C o .
N iagara F a lls 'M illin g C o.
T h e A lu m in u m C o. o f A m e rica , In c o m m o n w ith all o f th e a b o v e m en tion ed con cern s, leases its land fro m th c H y d r a u lic P ow er C o. and has
erected a rou n d Its tra ct o n e o f th c m ost co m p re h e n siv e plants in the U nited
S tates for th c m an u factu re o f alu m in u m p ro d u cts . T h c c o n tr a c ts w ith the
A lu m in u m C o. o f A m erica p ro v id e fo r the d e liv e ry o f m e ch an ical p o w e r
a m ou n tin g to 49,000 h . p.
C om pa n y's P ro p erty .— T h e can al e x te n d s fro m the p o in t o f Intake o n a
2 o-acre tract a b o v e the falls to the pow er s ta tio n s, lo ca te d a t the fo o t o f
th e ell If on the 70-acre tra ct b e lo w the falls. T h e canal Is a p p ro x im a te ly
o n e m ile In len gth , 100 feet w ide, 14 fe e t d eep and 35 fe e t fro m base to to p
o f w all, and Is c u t th rou gh solid r o c k . T h e land o c c u p ie d b y It runs d i
r e c tly throu gh the business s ection o f th e C ity o f N iagara Falls, N . Y .,
a n d . ap a rt from its Im portance fo r pow er p urposes. Is a v a lu a b le asset.
•lr e
P °w er station s are lo ca te d on the 70-acre tra ct a t the b o tto m
o f th e cliff o n the N iagara R iv e r. T h is land runs north a b o u t o n e m ile
an d ex ten d s to a p oin t c o n sid e ra b ly b e y o n d the cr e s t.o f the c lllf. T h e o n ly
p o r tio n o f the riv er fron t fo r said dista n ce n o t o w n e d b y the c o m p a n y has
a fron ta g e o f 100 fe e t.
T h e c o m p a n y op erates und r w hat Is k n o w n as the
h igh est " h e a d ” a t N iagara Falls, a p p ro x im a tin g 210 fe e t.
P o w e r S ta tion N o. 1, o f re la tive ly sm all c a p a c it y , has been a b a n d o n e d
fo r m a n y years. P o w e r S ta tio n N o. 2, c o n s tru cte d several years a g o , is
m od ern in all respects; rated c a p a c ity , 34,000 h . p . P o w e r S tation N o. 3
tw o-th ird s n ow c o m p le te d . Is c o n s tru cte d o f sto n e , c o n cre te an d s te e l’
th e w ater w heels are 10,000 h. p . e a ch , five o f th em being co n n e cte d to d i
rect-cu rren t gen erators used b y the A lu m in u m C o. o f A m e rica , an d repre
sen tin g a w ater-w heel c a p a c ity o f 50,000 h. p ., and three oth ers co n n e cte d
t o 10,000 h . p . A llls-C h alm ers a lte rn a tin g -cu rre n t gen erators. A n a d d i
tion a l 10,000 h. p . unit Is n o w b ein g Installed, w hich will give the sta tio n a
c a p a c ity , a b o u t S ep t. 1 1910, o f 90,000 h. p ., m a k in g the total c a p a c ity
o f th e tw o sta tion s 124,000 h . p. A steel-fra m e e le v a to r sh a ft and e lectric
cran e han dles the su pplies, and Is ca p a b le o f liftin g 50-ton fre ig h t cars and
low erin g them the entire 200 fe e t to the floors o f th e p o w e r s ta tio n s.
T h e o u tsta n d in g b on d e d m tg e . d e b t o f the c o m p a n y , a m o u n tin g to
$ 2 ,500,000 , Inclu din g the present Issue o f $65 0,00 0 bon d s. Is a t the rate o f
a p p ro x im a te ly $20 per h . p . d e v e lo p m e n t, being low er than th a t o f a n y o f
th e prin cipa l pow er com p a n ie s In the U nited S tates o r C anada.
Statem ent of E a rn ings o f the P ro p erties f o r the Y ear ended A p r il 30 1910.
G ross, Inclu din g $11 ,357 In
In t. o n $ 1 ,2 0 0 ,0 0 0 1st M. 5s $60 ,000
terest, & c .................................$623,331 I n t. o n $65 0,00 0 purchaseO p eratin g ex p e n s e s .................. 135,886
26,000
m o n e y 4 % b o n d s ________
D ep reciation (1 5 % o f gross
I n t. o n $65 0,00 0 “ first and
e a r n in g s ) ...................
97,658
r e f.” 5 s . . ................................
32,500
?,n‘hP?r
T o ta l net In com e _________ $38 9,78 7
B a l a n c e __________________ $271,287
T h e net earnings fo r M ay 1910 w ere $47 ,2 7 8 , equ iva le n t to $ 55 7,43o’ fo r
cu rren t fiscal year.
T h c c o m p a n y Is u nd er c o n tr a c t t o d e liv e r o n O ct. 1 1910 $ 2 ,5 0 0 ,
000 6 % c o n v e r tib le 2nd m tg e . b o n d s, w hich are e x p re ssly m ade s u b je c t to
th e lien of th c “ first an d refu n d in g” m tg e . 5 % b o n d s.
T h ese earnings w ere derived from a d is trib u tio n o f a b o u t 70,000 h . n
T h e c o m p a n y has c o n tr a c ts fo r the d e liv e ry o f 100,000 h . p ., w hich will K v
c o m e eU ectlve A u g . 1 1910.
It Is o ffic ia lly s ta te d th a t th e dd'tfiands fo r
p ow er are largely In excess o f the present c a p a c ity o f the p la n t, but the c o m
p a n y will have su fficien t pow er to m eet the requ irem en ts o f th e business
as soon as the a d d ition a l w o rk , h eretofore referred to , Is co m p le te d
[T h e d irectors an d office rs Include: P residen t, G eorge B. M ath ew s
S ecretary an d T reasu rer, A rth u r S ch o e lk o p f; J a c o b F . S c h o e lk o p f, G eorge
h m
i p t
t?
W . O lm s te d . P a u l A . S c h o e l k o p f . C . P . H u g o S c h o e lk o p f. H an s S c h m id t.—
Inter-State Light & Power Co., Galena, 111.—In c o r p o r a te d -.
— tins company was incorporated in Delaware on June 14
1910 with $3,000,000 of authorized capital stock in shares of
$100 each to take over in the interest of H. M. Byllesby &
Co. of Chicago all the physical properties of the Inter-State
Light & Bower Co. of New Jersey (V. 89, p. 997) and all the
capital stock of the Inter-State Light & Bower Co. of Wis
consin. The new company will have an authorized bonded
debt of $2,000,000, part of which will be used to take up and
cancel the bonded debt of the Inter-State Light & Bower
Co. of jN. J. I here are $500,000 bonds of the New Jersey
company now outstanding. (V. 89, p. 997.) The system is
described as follows:
in T h iS ip n ^ P. n T ^ U1)plt.e3. w lt£ e le c tr ic ity a te r rito r y o f 200 squ are m iles
z
mIrl.In£ Helds o f so u th w e ste rn W iscon sin an d n o r th f’ owe1' Is p r o v id e d a t a m odern ste a m -g e n e ra tin g sta tion
G a le n a ! f lL .’ p S
%
f f i a f c d i y
l o a d . - V a890. p ! 9 9 7 ?S ^
c!
' ^
H azel G r e L m W ^
wUha
a n d ZhlC m lneS’ Wh,Ch
Manufacturers’ Light & Heat Co., Pittsburgh .— Report.—
For G months ending June 30:
S ix
Gross
M on th s. E a rn in g s.
1910 .
$ 3 ,0 9 0 ,6 6 0
1909 . - . 2 ,8 0 2 ,6 9 9
—-V . 91, p . 217, 157.
N et (after
T a xes) .
S I ,6 61 ,297
1,859,831
Other
In com e.
$3,901
Interest and
Ilencvm ls.
$30 9,91 5
492,541
B a lan ce,
S u rp lu s.
$ 1 ,355,283
1,367,290
„
„
/T .
----------------thereunder to
Dawes Bros. (Inc.).—V. 8G, p. 1534.
Mexican National Packing Co.—M e e t i n g . —The holders of
1st M. 6% Rastro debentures will meet in London Aug. 10
to vote on accepting the reorganization plan, also on au
thorizing the trustees to deposit with Glyn, Mills, Currie
& Co. the $2,500,000 6% consolidated gold bonds of the
Mex. Nat. Backing Co. held by the trustees as security for
the Rastro debentures. Compare Y. 91, p. 157, 97.
Montgomery (Ala.) Light & Water Power Co.— P u r c h a s e
f, 7 ^udgc Thomas G. Jones of the U. S. Court for the
Middle District of Alabama on Aug. 2 handed down a decision
requiring President Alex. Rice of the Citizens’ Light &
lower Co. (VC 83, p. 438) to carry out his contract for the
company’s property to Henry L. Doherty & Co.
of a . \ ., acting in the interest of the Montgomery Light &
Water Bower Co. On the ground that said contract had
fallen through, Mr. Rice had undertaken to sell the Citizens’
property to Richard Tillis, who controls thc Montgomery
Traction Co. None of the Citizens’ bonds, we are informed,
will remain out.
N o t e s O f f e r e d .—Cramp, Mitchell & Shober, Philadelphia,
Williams, McConnell & Coleman, New York, and Trowbridge
& Niver Co., Chicago, &c., are offering at par and interest
$100,000 6% 2-ycar notes, dated June 1 1910, due June 1
1912, but redeemable June 1 1911 at par and interest.
Principal and interest (J. & D.) payable in N. Y. City. Bar
$1,000 (c*). Trust Co. of America (N. Y.), trustee. Total
auth. issue, $300,000, secured by deposit of $000,000 of the
company’s first consolidated mtge. 5% gold bonds due
Jan. 1 1943. A circular says in part:
¥ .V !}
Fhc p ro ce e d s o f these n otes w ere used to pu rch ase th e
t i<rhf
H e a t & P ow er Co a c o m p e titiv e lig h tin g p la n t W . 8 9 . p * 9 2 feavlng^tho
M o n tg o m e ry L ight & W ater P ow er C o .w ith no c o m p e titio n In t h e y a f a n d
e le ctric business. T h e franchises h a v e no b u rden som e r e s trictio n s ; e lectric
fra n ch ise has n o tim e lim it; gas fra n ch ise e x te n d s to 1054.
n
C a p ita liza tion .
c a p it a l s to c k a u th o rize d and o u ts ta n d in g _________________________ $ 2 , 0 0 0 ,0 0 0
r lr s t c o n s . M. 5 % bon d s held to retire u n d e rly in g b jn d s (M o n t
g o m e r y W a te r P o w e r C o . 1st M. Gs, due J u ly 1 1020, $ 3 0 4 ,0 0 0 ;
* 8 n<it SnJRe,T * o l K!Jnft& P T ver 9.0, ls t M - 5 s - d u e S e p t. 1 1947,
$300 00° ) , $ 69 1,00 0; o u ts ta n d in g , $ 1 ,2 6 4 ,2 0 0 ; held t o secu re
£*d s . *?sue <d d o te s , $60 0,00 0; held fo r fu tu re re q u ire m e n ts,
$ 44 1,80 0; to ta l a u th o rize d I s s u e _____________________________ . . . 3 ,0 0 0 ,0 0 0
E a rn in g s f o r Tw elve M on th s E n d in g M a rch 31 1910.
G ross e a rn in g s-----------------------$332,3601 Interest o n u n d e rly in g b o n d s .$ 3 8 ,0 4 0
N et earnings (a fte r t a x e s ) . . 172 ,3 4 0 | In t. on $ 1 ,0 5 3 ,5 0 0 l s t c o n . 5 s . 6 3 ,210
N et surplus a p p lica b le to Int. ($18,000) o n these ($ 3 0 0 ,0 0 0 ) n o t e s . . $ 7 0 ,4 9 0
It Is estim ated th at th e a b s o r p tio n o f th o C itizen s’ C o. w ill s o o n Increase
th e a b o v e net earnings to $25 0,00 0 per a n n u m an d o v e r .
T h e first co n so ls c o v e r all p ro p e rty an d franchises now o w n e d o r h ereafter
a c q u ir e d . Inclu din g th o w ater p o w e r ge n e ra tin g s ta tio n o f a p p ro x im a te ly
5,000 h. p . c a p a c ity o n th e T a lla p o o s a R iv e r , 30 m iles d is ta n t, reservoir
transm ission lines an d p riva te right o f w a y 2 0 0 f t. w ide to M o n tg o m e r y ’
also an a u x ilia ry steam g e n eratin g plan t o f 2 ,0 0 0 h. p . c a p a c it y , gas plant
co n d u its , & c.
O ver 48 miles o f gas m ains arc n o w In o p e r a tio n
P o p u la
tio n o f M o n tg o m e ry e stim a te d a t 6 5 ,0 0 0 . C om p a re V . 85, p. '4 3 , 8 6 6 .
Muncie (Ind.) Gas Light & Fuel Co.—See Heat Lfcht'&
Bower Co. of Muncie above.—V. 89, p. 1480.
’
Nevada-California Power Co.—T r u s t e e . —Lawrence C.
Phipps has been elected a trustee, and Trustee Delos A
Chappell has been made President, both to succeed the Into
F. J. Campbell.—V. 89, p. 108.
New York & New Jersey Water Co., Bayonne, N. J.__
—B o n d s —E a r n i n g s . —This company authorized* kite
in 1909 (V. 89, p. I486) an issue of $600,000 6% 3-year col
lateral trust gold notes, due Oct. 15 1912, which were to be
secured by deposit with Trust Co. of America, New York,
trustee, of $950,000 4% 50-year first consols, these bonds
bearing the endorsement below mentioned. Only $25 000
of these notes, we learn, have been issued. President T. A.
Beall on July 22 wrpt&
S ta tu s
T h ese n otes w ere a u th o rize d f o r th o p u r p o s e o f a cq u ir in g certa in w ater
w ork s p r o p e r ty o w n e d b y a aoth er. c o m p a n y In th c S t a t e - o f Notv Jersey
T h e n otes were not Issued, as;th e d e a l tell th ro u g h , and e x c e p t as tti $ 2 5 -ood
o f the n otes, the c o m p a n y holds th em re a d y fo r use o r fca n ce lla tlo fi'a s It
m a y h ereafter de te rm in e
T h e rem ain in g $25 ,0 0 0 noted h a v e been Issued
an d the pro ce e d s a p p lied t o now c o n s tr u c tio n . T h o c o m p a n y has s p e n t
d u rin g the last tw o years a b o u t $30 0,00 0 In c o n s tr u c tio n an d Im p ro v e m en ts,
th e bulk o f w h ich has been p aid fo r o u t o f earn in gs.
I t has a lw a ys p a id Its
A U G . G 1910.
THE CHRONICLE
c o u p o n s p r o m p tly , and Is a lre a d y In fu n d s to p a y th e c o u p o n due N o v . 1
n e x t o n the $400,000 first co n so ls.
A circular issued last November, when the purchase that
fell through was pending, said in substance:
T h e c it y o f B a yon n e has a p o p u la tio n o f o v e r 5 5 ,0 0 0 , Is g ro w in g ste a d ily
In fa v o r for business and resid ential pu rposes. T h e c it y purchases from
th e c o m p a n y a t fixed prices all the w a te r requ ired fo r m u n icipa l, m an u
fa c tu rin g . d o m e s tic and all oth e r purposes du rin g the period o f tw e n ty -fiv e
y ea rs. T h e c o m p a n y d eliv ers the w ater to the c it y In bulk and the e jty
d istrib u tes to the cu stom ers, c o lle c tin g Its rentals a t a g o o d p ro fit. T h e
c o m p a n y also su pplies, u nd er sim ilar co n tr a c ts fo r v a ry in g p e rio d s, the
to w n o f H arrison , p op u la tion 15,000; to w n o f K e a r n y , p op u la tio n 10,000;
B orou g h o f E ast N ew ark, p o p u la tio n 3 ,0 0 0 , and to su n d ry m a n u fa ctu rin g
a n d p riv a te con su m ers. A ll exte n sio n s o f d istrib u tin g pipes are bo rn e b y
th e con su m in g m u n icip a lities.
,
. ,
..
T h e b on d s d ep osited to secu re these n otes be a r an en d o rse m e n t b y the
c it y o f B a y o n n e under th e c it y ’s seal an d sign ed b y the M ayor an d C ity
C lerk, recitin g the provision s o f the c o n tr a c t and c e r tify in g th a t fro m the
reven u es a ccru in g to the w ater c o m p a n y an a m o u n t w ill be paid b y the
c it y to the tru stee su fficien t to p ro v id e fo r the p a y m e n t o f the sem i-an n u al
Interest u p on the bon d s.
A u d it C o .'s Estim ate o f In com e fo r the Y ear 1909, H osed on R evenu es, &C.'
o f the N in e M onths u p to S ep t. 30 1909 and also o f the P reced in g Y ear.
W a te r to C ity o f B a y o n n e . . $ 1 4 2 ,5 0 0 1B o ro u g h o f E ast N e w a r k —
$5,000
T o w n o f H a r r i s o n _________
30,000 Clark T h re a d C o. a n d su n d ry
T o w n o f K e a r n y ____________
3 0 ,0 0 0 1 o th e r m a n u fa ctu re rs ...........
11,500
T o ta l r e v e n u e ________________________________________________________ $219,000
E x p en se— Inclu din g c o s t o f w ater, o p e r a tio n o f d is trib u tin g pla n t
and ta xes & assess’ ts w ill p r o b a b ly ag g re g a te f r o m . .$ 1 1 7 ,0 0 0 to 119,000
P r o b a b le n et Incom e fro m w a te r s u p p ly o p e r a t i o n ______________ $100,000
P resen t fixed charges {In terest o n $ 4 0 0,00 0 co n s o l. 5s a n d on
$523,000 o u tsta n d in g 1st 5s— E d . ) . ______________________________
4 6 ,0 0 0
Condensed Extracts from Letter o f T reasurer W m . N . L eonard . N o v . 9 1909.
[N o te a tr iv o Change In p la n a ffe c tin g p r o p o s e d Issue o f $95 0,00 0 1st
c o n . 4 s — E d .]
, ,
T h e c o m p a n y (In corp orated In N ew J ersey A p ril 19 1895— E d .) has been
en gag ed fo r a b o u t 12 years In su p p ly in g w a te r to th e c it y o f B a y o n n e under
c o n tr a c ts m ad e In 1894 and 1904, ea ch fo r the term o f 25 years, w h ich c o n
tra cts h ave been ratified and co n firm e d b y new a greem en t m ade O ct. 6
1909 p r o v id in g fo r new p ipe line. A t th e tim e th e first d e liv e ry w as m a d e ,
th e estim ated pop u la tion o f th e c it y w as 1 9,000, and the a m o u n t o f w ater
c on su m ed d u rin g the first y e a r a vera ged a little u n d er 2 , 0 0 0 .0 0 0 gallons
a d a y , fro m w h ich the c o m p a n y re c e iv e d a gross Incom e o f a b o u t $ 65 ,000 .
T h e presen t p op u la tion Is estim a te d a t 55,0 0 0 a n d th e a vera ge d a lly c o n
s u m p tion o f w a ter ex ce e d s 5 ,0 0 0 ,0 0 0 gallon s, an d the a m o u n t paid to the
c o m p a n y b y th e c it y Is a b o u t $14 0,00 0 per a n n u m . T h e c o m p a n y Is also
s u p p ly in g w a ter, under lon g -te rm c o n tr a c ts , t o o th e r m u n icip a lities.
T h e c o m p a n y Is n ow en gag ed In the d e v e lo p m e n t o f a new an d a d d itio n a l
w a ter s u p p ly an d the co n s tr u c tio n o f d u p lic a te c o n d u it s y s te m . T h e e n g i
neer In ch arge rep orted S ep t. 17 1909 th a t a b o u t 6 0 % o f the en tire w ork
had been co m p le te d an d m aterial fu rn ish ed to th a t d a te , and th at lie
E stim ated th a t a tota l o f $260,033 w as y e t to be e x p e n d e d to c o m p le te the
p r o je c t .
T h is w ill not o n ly Insure th e c o m p a n y ’s present s u p p ly , b u t w ill
en a b le It to secu re part b en efit o f reven u es a ccru in g fro m c o n tr a c ts w hich
h a ve been m ade th rou gh th e H u d son C o u n ty W a te r C o.
T o p ro v id e th erefor the c o m p a n y w ill Issue $950,000 o f 5 0 -y c a r 4 % first
c o n s ols, b ein g p art o f a to ta l a u th . Issue o f $ 2 ,0 0 0 ,0 0 0 , o f w h ich $400,000
w ere Issued In 1900 an d $ 6 5 0,00 0 are reserved t o retire $60 0,00 0 5 %
b on d s, o f w h ich $77,000 are held In th e sinking fu n d (th ese 5 % bon d s
a rc d u e F e b . 1 1920; Interest F . & A . a t M orton T ru s t C o ., N . Y . : sinking
fu n d $9,000 y ea rly since 1902— E d .) , le a v in g av a ila b le fo r present c o n
s tru ctio n w ork , $95 0,00 0. [T he first co n s o lid a te d m o rtg a g e w as m ade
In 1900 to the C ity T rust C o. o f N ow Y o rk , now the T ru st C o. o f A m erica,
as trustee, to secure $ 2 ,0 0 0 ,0 0 0 4 % gold b o n d s d a te d J u ly 1 1900 and due
J u ly 1 1950, b u t s u b je c t to call In a n y a m o u n t a t 105 on a n y Interest d a y
on one m o n th 's n otice.
P ar, $ 1 ,0 0 0 .
In terest M . & N . a t o ffic e o f trustee.
$40 0,00 0 o f the bon d s w ere Issued to retire an e qu a l a m o u n t o f s to c k , the
Issue o f w h ich w as reduced from S 1,000,000 to $ 60 0,00 0 J u ly 28 1900.-— E d .1
[T h e capital s to c k o f the N . Y . & N . J. W a te r C o. Is $ 6 0 0,00 0 In $100
shares, a m a jo rity . If n ot all, o f w h ich Is o w n e d b y the H u d son C o u n ty
W a te r C o ., a c o m p a n y w ith $ 1 ,0 0 0 ,0 0 0 s to c k In $100 shares and a $ 4,000,000
b o n d Issue, o f w hich som e $945,000 Is o u t . V . 80, p . 1237; V . 81, p . 1317.
T u rn er A . B eall, 100 B r o a d w a y , N . Y . , P residen t o f b o th c o m p a n ie s,
w ritin g J u ly 22 1910, said: “ T h e H u d so n C o u n ty W a te r C o ., w ith w hich
th e N. Y . & N . J . W a ter C o. has certa in c o n tr a c ts fo r th e rental o f p ip e lines
an d the p urchase o f w ater, w as p la ce d In th e han ds o f receivers (M essrs.
H a rry H u b b a rd and W illia m N . L eon ard ) o n th e a p p lic a tio n o f the w riter
In A p ril last b y reason o f th e passage b y th e L egislatu re o f the S ta te o f N ew
Jersey o f an A c t p roh ib itin g the tra n sp o rta tio n o f w ater fro m w ells o f the
c o m p a n y In th a t S tate fo r the fu lfillm en t o f Its c o n tr a c ts to s u p p ly w ater
t o the U n ited States G ov ern m e n t and to th e c ity o f N ew Y o r k fo r use and
c o n s u m p tio n In Staten Isla n d, such d e liv e ry o f w ater h a v in g been p ron ou n ced
b y the N ew Jersey cou rts as bein g law fu l If taken fro m subterran ean
sou rces b u t n ot from su rface so u rce s. A fte r th e e x p e n d itu re b y th e c o m
p a n y o f a b o u t $1,000,000 In w ells, plant and e q u ip m e n t In reliance u p o n thl
p ro n o u n ce m e n t, th e L egislature u n d e rto o k to ch an ge th e s ta tu te law o n the
s u b je c t. T h is change d estro y e d the cre d it o f the H u d so n C o u n ty W a te r
Co an d necessitated the a p p o in tm e n t o f receivers fo r the p u rposes o f re
o r g a n iz a tio n .”
(C om pare V . 87, p . 1481; V . 90, p . 170, 449 , 979, 124 2).
T h e N . Y . & N . J. W a ter C o. Is n o t In the han ds o f receivers; It has n ever
d efa u lted In Its co u p o n s and Is n o t lik e ly so t o d o .
[F u n d s t o p a y the N o v . 1
1910 co u p o n s on Its $400,000 1st co n s o l. 4s are a lre a d y o n h a n d , as s ta te d
a b o v e — E d .]— V . 89, p. 1486.
Niagara Falls Hydraulic Power & Manufacturing Co.—
S t a t u s o f S u c c e s s o r . —See Hydraulic Power Co. of Niagara
Falls above.—V. S9, p. 475.
Northern Idaho & Montana Power Oo.—S t a t u s .—1
This
company, which has recently purchased the Willamette
Valley Co's properties, lately owned by the Northwestern
Corporation (see that company above and V. 89, p. 925),
was organized early in 1909 under the laws of Delaware
by H. M. Byllesby & Co., Chicago, and purchased the
properties of the Kalispell Water & Electric Co. and Flathead
Valley Water <k Power Co., Kalispell, Mont., Northern Elec
tric Co., Newport, Wash.: Big Bend Light & Power Ccu of
Whitefish, Mont.; Pend d'Oreille Electric Co. of Sandpoint,
Idaho, &c. Besides the properties just acquired, the water
power plant operating at Big Fork, Montana (capacity
1,500 h. p.), and small steam-power plants at Sandpoint,
Idaho, and Newport, Wash., the company is understood to
be contemplating the construction of a large hydro-electric
plant at Cabinet George on Clark’s Fork River; ultimate ca
pacity over 50,000 h.p. The company’s capitalization, &c.,
appears from the following:
C om m o n s to c k (par $100) a u th o rize d an d o u t s ta n d in g .......... » ------- $ 4 ,0 0 0 ,0 0 0
P r c f s to c k (par $10 0 ). 6 % cu m u la tiv e fro m J u ly 1 1912, a u th o r
ized , $2 ,5 0 0 ,0 0 0 : o u ts ta n d in g ---------------------------------------------------------2 ,1 1 0 ,0 0 0
1st M . 6 % b on d s, dated F eb . 15 1909 an d d u e F e b . 1 1949, bu t
red eem a b le F eb . 1 1914 at 110 and ln t.
D e n o m in a tio n $1,000
an d $500. C ou pon s F . & A . T ru stee, A m e rica n T ru st &
S av in gs B a n k , C h icago. S in k in g fu n d , F e b . 1 1919 to F e b .
1934, 1 % : F e b . 1 1935 to F e b . 1948, 1 H % .
T o ta l au th orized
Issue, $10 ,0 0 0 ,0 0 0 ; o u ts ta n d in g -------------------------. --------- ----------------$ 2 ,6 8 8 ,5 0 0
U n d erly in g 5 % b on d s on the loca l system In c it y o f K alispell.
M o n t. (K a lisp ell W a ter & E le ctric C o. 1st M . 5s, ln t. F . & A .
at F arm ers' L oa n & T ru s t C o ., N ew Y o r k ) . . ............. ........... 210 ,000
U n d e rly in g 5 % bond s on th e p r o p e r ty o w n e d b y this c o m p a n y
in th e W illa m ette V a lley, O re. (b e in g , it Is su p p o s e d , w h o lly
o r c h lelly b on d s o f the W illa m e tte V a lle y C o . — E d . ) _____ _____
723 ,0 0 0
P rop erties.— B ig F ork H lver, M o n t., w ater p o w e r; K alisp e ll, M o n t.,
W h ite fis h , S om ers, P o is o n an d B ig F o r k , M o n t.; S a n d p o in t, I d a h o ; K o o to
341
n i l an d P o n d e r a y , N e w p o r t, W a s h .; M o y le , P riest an d C lark’ s F o r k R iv e r ,
M o n t., an d I d a h o w a te r po w e rs; D allas, M o n m o u th , In d e p e n d e n c e , Cor
v a llis, A lb a n y , E u g e n e , S p rin gfield , M arsh field, N o rth B e n d a n d E m
pire, O re.
Northern California Power Co., Consolidated.— N e w
P la n t.
—The company on or about June 20 began operating its
Inskip power plant, capacity 8,000 h. p., making the com
pany’s total capacity 26,000 h. p. Sec V. 90, p\ 853.
Nova Scotia Steel & Coal Co.— D i r e c t o r s . —J. R. Wilson
and K. W. Blackwell have been elected directors to succeed
Robert Reford and R. E. Chambers, who resigned.
F o r g e t I n t e r e s t s . —Montreal “ Gazette” August 2, said’
T h e final tra n sfer o f th e large b lo c k o f th e c o m p a n y ’s s to c k held b y th e
F o rg e t Interests w as m a d e t o -d a y t o th e p u rch asin g sy n d ic a te h ead ed b y
R . E . H arris, P residen t o f th e c o m p a n y , an d a c h e ck fo r clo se on to $ 2 ,0 0 0 ,
000 w as given to M r. I lo d o lp h e F o rg e t, M . P ., an d his a ssocia tes. T h e e x
a c t price p aid fo r th e s to c k has n o t tran sp ired , b u t It Is s ta te d t o h a v e been
a little be tte r th a n 86 p er share, an d b etw een 20,000 an d 2 5 ,000 shares
o f the s to c k w ere transferred t o th e p u rch a sin g s y n d ic a t e .— V . 91, p. 218.
Pacific Pass Coal Fields Co., Ltd., Yellowhead Pass,
Alberta.—B o n d s O f fe r e d —S t a t u s . —J. M. Robinson & Sons,
St. John, N. B., have recently been placing,with astock bonus,
$50,000 1st M. sinking fund 6% gold bonds, par $500 and
$1,000 each, due March 25 1939, but s u b j e c t to call for the
sinking fund at 105 and interest. Int. M. & S. 25. A
circular says:
C a pitaliza tion —
A u th o rized .
Issu ed .
6 % 1st M . b o n d s (tru stee. R o y a l T ru st C o . ) _______$ 2 ,0 0 0 ,0 0 0
$ 1 ,2 5 0 ,0 0 0
C apital s to c k (par v alu e $100 per sh a~ e)___________ 5 ,0 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
T h e p r o p e r ty co n sists o f 28,160 acres a n d e x te n d s fro m the head w aters
o f the M cL e o d R iv e r sou th ea st t o the h ead w aters o f the B razcau R iv e r In
the P r o v in c e o f A lb e rta abou t, 130 m iles w est o f the C ity o f E d m o n to n an d
30 m iles so u th o f th e G rand T ru n k P a cific R y .
A n isola ted coa l field
su rro u n d e d b y an e x te n d e d area g e o l g ica lly d e p riv e d o f this valu able
c o m m o d it y .
A p p r o x im a te to n n a ge based e n tire ly on the visib le seam s,
8 0 0 ,0 0 0 ,0 0 0 to n s .
A v era ge a n a lysis; m o istu re , 4 .6 7 % ; v o la tile , 3 4 .9 6 % ;
fixed c a r b o n , 5 3 .3 0 % ; ash, 7 .0 7 % ; su lph u r, 0 .2 9 %
T h e rm a l unit of
heat b y B ritish m e th o d , 11,566.
In q u a lity the co a l b e lon gs t o the best
b itu m in o u s. T h e vein s run fro m 20 t o 30 feet In th ick n ess, are self-d ra in in g
an d p erm it o f g r a v ity hau lage; It Is e s tim a te d , th e re fo re , th a t th e coa l can
be p u t o n cars fo r 5 0 c. p er t o n o f 2,0 0 0 lb s .. In clu din g all Item s e x c e p t
e x e c u tiv e e xp en ses an d Interest. T h is should m ean a profit o f $1 per to n .
T h e m arket fo r the co a l e x te n d s sou th t o C a lga ry an d east t o W in n ip eg
w ith o u t c o m p e titio n o f a n y m o m e n t.
P o p u la tio n o f M a n ito b a , S a sk a tch e
w an an d A lb e rta (e s tim a te d ), 1 ,2 0 0 ,0 0 0 , as a gain st 808,803 In 1905.
W o r k has been started on the d e v e lo p m e n t o f five m in in g o p e ra tio n s w ith
a co m b in e d c a p a c it y o f 750 ,0 0 0 to n s p er a n n u m .
As the G rand T ru n k R y . ’s
bran ch line t o the p r o p e r ty w ill be c o m p le te d a b o u t D ec. 1, the c o m p a n y
sh ou ld be sh ip p in g co a l w ith in fo u r m o n th s fro m th a t d a te .
E stim ated net
earnings: 1911, $ 20 0,00 0; 1912, $ 37 0,00 0: 1 913, $ 7 2 0 ,0 0 0 .
B on d Interest:
1911, p r o v id e d In Initial fin a n cin g ; 1912, $ 5 2 ,6 0 0 1913, $ 7 9 ,5 0 0 .
A n nual sin k in g fu n d ,c o m in e n c I n g -1 9 1 4 ,a s u m n o t less than 2 % o f the p ar
value o f all b o n d s Issued w h eth er ca n ce le d o r o u ts ta n d in g , to g e th e r w ith
Int. at 6 % o n all b o n d s c a n ce le d , sh ou ld retire $ 1 ,2 5 0 ,0 0 0 b o n d s b efore
m a tu r ity .
D ire cto rs .— E . B . G rcen sh lelds, P r e s ., an d H o n . R o b t . M a ck a y , V ice Pres. (d ire cto rs B a n k o f M on treal); W m . M olson M nephcrson (P re s. M ol,s o n ’s B a n k ), J o h n T h e o . R o ss (P res. Q u e b e c B ank) and A . H . C o o k , K .C .,
all o f Q u e b e c; H . A . L o v it t , K .C ., F . L . W a n k ly n an d J . W . M cC on n ell,
M on treal: R . B ru tln el and A . d eB ern ls, E d m o n to n .
Planters Compress Co.—D e c r e a s e i n S t o c k . —The company
filed a certificate decreasing its capital stock from $10,000,000
to $3,510,000.—V. 91. p. 42.
Security Investment Co., Pittsburgh, Pa.— D e f a u l t — A t
—Default having been made April 1 1910 as to pay
ment of principal then due on the issue of 5% “bond-pur
chase certificates” dated April 1 1907 (total author
ized $300,000) the Standard Trust Co. of New York, as
trustee, has brought suit to enforce the agreement of the
Investment Company to procure the sale at par of the $300,
000 first lien 5% consols of the Lackawanna & Wyoming
Valley Rapid Transit Co. deposited as collateral. The
Trust Company has also obtained an attachment on property
of the Investment Company in the hands of Kuhn, Loeb &
Co. The interest on the bond purchase certificates has been
paid in full and several offers for settlement of the principal
sum have been made but not accepted. Compare V. 86,
p. 550, 1158, 1162.—V. 87, p. 1303, 1537.
ta c h m e n t .
Sierra Pacific Electric Co., Nevada and California.— S to c k
—Stone & Webster, Boston, N. Y. and Chicago, are
offering $1,100,000 6% cumulative pref. stock and $550,000
common stock in blocks of 10 shares (par $100 each) pref.
stock and 5 shares (par $100 each) common stock for $950.
Dividends are being paid quarterly on the pref. stock., Q.-F.
O ffe r e d .
Condensed Statement Regarding Sierra Pacific Electric Co.
O w ns all th e s to ck s o f th e co m p a n ie s w h ich d o th e en tire e le ctr ic lig h t
ing and p o w e r business In th e cities an d to w n s o f R e n o , S pa rk s, V irgin ia
C ity , C arson C ity and S liver C ity , N e v a d a , an d In th e su rro u n d in g Im por
ta n t m in in g an d Irrigation d istricts o f W estern N e v a d a . T h ese co m p a n ies
also d o th e en tire gas business In R e n o , S park s an d C arson C ity , an d su p p ly
w ater fo r d o m e s tic purposes In R e n o an d S pa rk s; also a c o n sid e ra b le p o w er
business w ith m ines an d m ills. In clu d in g som e o f th o se lo ca te d o n th e w ellk n o w n C o m sto ck lo d e an d In th e Y e rrln g to n c o p p e r d is tric t.
C a pitaliza tion A u th orized and all O utstand ing.
P re f. s to c k , 6 % c u m u la tiv e , re d . a t 115 an d a cc u m u la te d d lv s .
P re f. as t o d iv id e n d s an d In case o f liq u id a tio n _________________ $3,5 0 0 ,0 0 0
C o m m o n s t o c k _______________________________________________ ______ - 8 ,0 0 0 ,0 0 0
B o n d e d d e b t , a side fro m $75 0,00 0 o u ts ta n d in g 6 % sin k , fu n d
b o n d s o f su b sid ia ry c o s . (a Hen on o n ly a part o f th e to ta l
p r o p e r t ie s ). [T hese b o n d s are u n d e rs to o d to Include $45 0,00 0
o f R e n o P ow er, L ig h t & W a te r C o . (V . 81, p . 618) an d $30 0,00 0
o N e v a d a P o w e r, L ig h t & W a te r C o. (V . 78, p. 1 9 0 9 ).— E d . ] . .
N one
E a rn ings & E x p en ses o j Com bined C os. f o r 12 M o s . ending A p r il 30 1910.
G ross e a rn in g s .......................... $540,5001 In t. ch arges an d t a x e s _______$62,031
N et e a rn in g s_______________ $349,234 |S inking f u n d ............ ...................
$7,500
E
B a lan ce fo r d iv id e n d s , & c ---------------------------------------------------------------$279,703
D iv id e n d s on $ 3 ,5 0 0 ,0 0 0 6 % p re f. s to c k r e q u ir e ..................................... $210,000
E arn ings a p p lic a b le t o d iv id e n d s sh o u ld be Increased b y m ore th a n
$100,000 b y the 9,000 h . p . p la n t a b o u t to be c o n s tr u c te d , a large p art or
th e cash th e re fo r being n o w In th e tre a su ry. R e p o rts o n o th e r large w a te rp ow ers fo r w h ich som e o f th e p r o p e r ty an d righ ts h a v e a lre a d y been a c ,
qu lred sh o w th a t these p ow ers can be d e v e lo p e d o n a p r o fita b le basis,
an d It Is e x p e c te d th a t th e grow th o f business w ill Justify th e d e v e lo p m e n t
o f som e o f these In th e near fu tu re.
W estern N eva d a , lo n g a co p p e r and g o ld -m ln ln g d is tr ic t, has re c e n tly
re ce iv e d ad d e d Im petus d u e to the su ccessfu l m in in g o f lo w -g r a d e ores w ith
e le ctric p o w e r, th e d e m a n d fo r w hich th e lo ca l c o m p a n ie s are a t present
un a ble t o s u p p ly .
E q u a lly stim u la tin g t o p o p u la tio n an d In du stry Is the
g reat Increase o f Irrigation In this d is trict. T h e U . S. R e c la m a tio n S ervice,
th ro u gh th e T ru ck e c-C a rso n p r o je c t, plans to Irrigate o v e r 200 ,0 0 0 acres
o f land a b o u t 40 m iles fro m R e n o , o f w hich 32,0 0 0 acres w ere Irrigated In
1909. R e n o Is a lre a d y th e largest c it y In N e v a d a an d the n atural coram er-
THE CHRONICLE
343
clal centre. A t Sparks, about 3 miles from Reno, the Southern Pacific
shops, recently established, have caused substantial Increase In population.
Total population served est. at 3 2,000.
The local companies at present own and operate four hydro-electric plants
located on the Truckee River, combined capacity 7,300 h. p .; 135 miles of
high-tension lines and complete distributing systems In communities served.
The gas and water plants at Reno and the gas plant at Carson City will take
care of substantial Increases In business.
Franchises are adequate, and
either have no time Unlit or run for 25, 50 or 90-year periods. The local
companies also own certain lands for reservoir purposes on the slopes of the
Sierra Nevada M tns., which, together with the rights already In use, are
of great value for the future development of water powers aggregating
about 150,000 h. p. [The Sierra Pacific E l. Co. was lncorp. on or about
July 27 1909 In Maine.
It Is under the Stone & Webster management.
The companies controlled Include, we understan
The Reno Power, Lt. &
W ater Co. (V . 81, p. 018; V . 88, p. 690); the W ashoe County Power & De
velopment Co., the Hunter Creek W ater C o., and the Sparks W ater C o.,
all of which In 1905 passed under control of Union Light & W ater Co. (V .
81, p. 1854); and the Truckee River General Electric Co. and Its subsidiary,
the Carson E l. L t. Co. (V . 87, p. 1303).— Ed.]
P r e fe r r e d D iv id e n d N o .
[V O L . L X X X X I.
(The Commercial Times.
C O M M E R C IA L E P IT O M E .
F r i d a y N i g h t , A u g . 5 1910.
There is seasonable quietude in business circles generally.
Dealers in nearly all staples display conservatism, there be
ing an almost universal tendency to move cautiously, await
ing developments. Cooler weather, with rains in droughty
sections, have created a more hopeful feeling in grain as well
as cotton circles. The bright outlook for a big corn crop is
the most encouraging feature.
ST O C K S O F M E R C H A N D IS E .
4.—A quarterly dividend of $1 50
share has been declared on the prfeerred capital stock,
Eer
eing dividend No. 4, payable Aug. 1 1910 to stockholders
of record July 27 1910.
Sierra & San Francisco Power Co.— R e -c l a s s i f ic a t i o n
of
A 11(7. 1
1910.
J u lu 1
1910.
Aua. 1
1909.
Codec, Brazil___________________ .
Coffee, J a v a _____ ____________________________
Coflee, others___ __ __________ _______________
Sugar........................... .. ............... ................
.
2,618,610 2,017,133 3,154,392
30,108
32,540
50,061
313,123
418,787
313,350
54,114
64,732
58,500
17.200
24,640
10,700
Cotton _________________________ ______ _________
217,030
102,175
93,929
Manila h e m p ___________________________________
3,368
4,243
3,665
087
1,202
486
Flour, barrels and sacks_____________________
50.200
55,300
21,600
—This ally of the United Railroads of San
Francisco has filed papers in Redwood City,Cal., re-classify
ing its authorized bonded debt of $20,000,000, which, ac
cording to the original plan was to consist of $14,000,000 1st
on the spot has shown almost no change. Trade
M. bonds and $6,000,000 2d M. bonds, into 1st M. bonds, hasLARD
been quiet, with light offerings. Prime Western 12.25c.,
$10,500,000 and 2d M. bonds $9,500,000.
Middle Western 11.75c., City steam 11.45c. Refined lard
The first mortgage Is limited to $30,000 ,000 ; the 2d mortgage to $ 9 ,5 0 0 ,
has been lifeless. Refined Continent 12.45c., South Amer
000. The 2d mtge. bonds are due Jan. 1 1949, Kntck. Trust C o., trustee,
Interest rate for series A , $ 1 ,0 0 0 ,0 0 0 ,fixed at 6 % ; series B, $8,500,000, at
ica 13.25c., Brazil, in kegs, 14.25c. Lard speculation has
5 % per annum, payable J. & J. For description of 1st M ., <fcc., see bond
been confined mainly to professionals. The feeling has been
offering In V . 91, p. 157, 218.
easier in the main, owing to the weakness in corn.
Syracuse (N . Y .) Lighting Co.— R e d u c t i o n i n R a t e s . —Be
D A I L Y C L O S IN G P R IC E S O F L A R D F U T U R E S IN N E W YORK.
ginning this month, the company reduced its gas and electric
Sat. M o n . T u e s . W e d . T /iurs. F r i .
September delivery................................ 11.84 11.80 11.80 11.95 11.80 11.80
power rates.
October d elivery ................................... 11.70 11.70 11.82 11.80 11.82 11.75
F u n ded
D eb t.
The] gas reduction affects the large consumer only, the prices being now:
D A IL Y C LO SING P R IC E S O F L A R D F U T U R E S IN CHICAGO.
First 30,000 cu. ft. or less per month, 95c. per 1,000. as heretofore; next
Sat.
M on.
T u es.
W ed .
Tlhurs.
F ri.
20,000 cu. ft. per m onth, 75c. per 1,000; next 50.000 cu. ft ., 70c.; In excess
September delivery . . . 1 1 . 5 4 H 11.50
11.00
11.70
l l.0 2 > 3 11.53
of 100,000 cu. ft. per month, 63c. per 1,000.— V . 90, p. 918.
October delivery.............11.42 H 11.37 'A 11.45
11.57 14 11.50
11.4214
Texas City Transportation Co.— I n c r e a s e i n S t o c k .
—The
PORK on the spot has been dull and prices have sagged
company filed a certificate increasing its capital stock from a trifle.
Mess $25, clear $23 50@$24 50, family $26. Beef
$2,500,000 to $2,800,000.—-V. 90, p. 563.
has been inactive with practically no changes. Mess $15@
Union Utilities Co., Morgantown, W . V a . — E a r n i n g s . — • $15 50, packet $16®$16 50, family $19@$19 50, extra
For fiscal year ended April 30 1910 and month of May 1910:
India mess $29@$30. Cut meats have been inactive but
G ross.
N et.
B o n d I n t. B a l . ,S u r .
strongly sustained, owing to the light supply. Pickled
Year ended April 30 1910.............. $313,409 $170,383 $51,050 $124,733
hams, regular, 16c.; pickled bellies, clear, 15@19c.; pickled
Month of May 1910.........................26,608
14,433
4,304
10,129
ribs 16@17c. Tallow has been quiet and steady; City 7c.
The company’s securities were purchased In Joint account by W m . Morris
Xmbrle <5c Co. and the National City Bank of New York In 1909 and sold by
Stearines have been quiet; oleo ll)^c., lard 13%c. Butter
the former In the latter part of that year. There are now outstanding
has been slow, excepting for fancy grades; Creamery extras
$1,033,000 1st M. 5s, due 1944, S200.000 7 % cum . pref. stock and $ 8 00 ,00
com. stock. Compare V . 90, p. 373.
28@28J^c. Cheese has been fairly active with demand
Western Ice Co.—T r u s t e e ’ s S a l e . —The Hudson Trust Co., seasonable and the tone firm; State, whole milk, colored or
as trustee under the general and collateral trust 5% mortgage white, fancy, l lj^c. Eggs are dull, with supplies excessive,
dated Dec. 1 1906, sold at auction on Aug. 3 the collateral excepting of choice varieties; Western firsts 18@19c.
OIL.—Linseed prices are unchanged. Holders are firm
deposited under the mortgage, to J. H, Harding, who repre
sented the E. R. Thomas liquidating committee, parcel 1 and consumers holding off and using substitutes; City, raw,
bringing $480,000 and parcel 2 $20,000. Compare Y. 90, American seed, 90@91c.; boiled 91@92c.; Calcutta, raw,
95c. Cotton seed has been strong on light stocks; winter
p. 452.
Wheeling (W . V a .) Mold & Foundry Co.— N e w S t o c k .— 9@12c., summer white 9@ll.50c. Lard quiet but firm;
Shareholders of record July 27 arc entitled to subscribe at prime $1@$1 04; No. I extra 61@63c. Cocoanut is in fair
par, $50 a share, for the $95,000 treasury stock, increasing request and firmly held; Cochin 10)^@10%c. Ceylon
the outstanding stock to $500,000. A technical paper says: 9J^@9J^c. Olive has been strong, 75®80c. Cod is firm
with demand active, partly for substitution; domestic
The company recently received two large contracts, one for all the castings
to be used In connection with the Panama Canal lock work, aggregating 40@42c., Newfoundland 43@45c.
$1,000,000 In value, and the other for all the steel castings to be used In the
COFFEE on the spot has been strongly held, but slow,as
16-sheet and four Jobbing mills to be built at Gary, In d ., by the American
roasters are holding off; Rio No. 7, 8%@8%c.; Santos
Sheet & Tin Plate Co. [The last dividend was 2 % quarterly, paid Feb. 1908.
Bonded debt, $250,000.] Compare V . 90, p. 1306.
No. 4, 9^8@9%c. Mild grades were firm in sympathy.
Wilmington (Del.) Gas Co.—L i s t e d . —The Philadelphia Fair to good Cucuta 10@10^c.
Prices in the speculative
Stock Exchange has listed $2,180,000 “ first and refunding" market have advanced, pattly on foreign buying orders.
sinking fund mortgage 40-year 5% gold bonds.
European markets were strong, reflecting buoyancy in
There Is also $1,000,000 pref. stock 6 % cum . and $2,00 0 ,0 0 0 common
Brazil, the Rio crop being estimated at still lower figures.
stock; par of shares $100. The W . T . Fields C o., New H aven, Conn., of
Closing prices were as follows:
fered In Dec. last a block of the pref. at 97 and accrued dividends (payable
M . & S .).
Compare V . 89, p. 781; V . 90, p. 379, 508.
Wolverine Copper Mining Co.—R e p o r t
F isca l
Y ear—
T o ta l
R e c e ip ts .
N et
E a rn s.
Year end. June 30:
N ew
D iv s . on
C o n s tr u e .
S tock..
B a la n c e ,
S u r .o r D e f.
$2,939 $600,000 d e f.$ 2 9 ,!3 4
1909-10 ...................... $1,294,199 $573,805
1908-09 ...................... 1,342,382
650,044 44,905
600,000 sur. 5,139
During the year ending June 30 1910 there were produced 9 ,7 5 7 ,lo t lbs.
of rellned copper, against 9,995,748 lbs. In 1908-09; total cost 7.413c.
against 7.375c.; price per lb. 13.24c., against 13.35c.— V . 87, p. 351.
—Spencer Trask & Co. in their August market letter say:
“ From all points of view we are growing more than ever con
fident that bonds of both high and secondary grades are now
selling at prices which make them distinctly attractive from
the investment standpoint. It is rare that purchases,
especially if they be extensive, can be made at the lowest
oint in a declining market, and therefore our advice is to
egin buying now with due discretion. Prices are down
anywhere from 5 to 10 points below their high of last year,
and there is consequently every opportunity for material
appreciation from present levels." They give a list of bonds
showing yield at present prices.
—Redmond & Co. advertise on another page a list of
securities for August investments, to which the attention of
investors is invited. Detailed descriptions of any of the
securities will be sent on request.
—Alfred Mestre & Co., members of the New York Stock
Exchange, 37 Wall Street, are offering an attractive list of
railroad notes and equipment bonds maturing in 1911
netting from 4>£% to 6%.
—The Washington Investment Co., Frick Bldg., Pitts
burgh, Pa., is issuing in pamphlet form the new United States
Postal Savings Bank law.
J a n u a r y ____7 .3 8 0 7 .4 0 I M a y _________ 7 .5 0 0 7 .5 1 [September . . 7 . 1 0 0 7 . 1 5
F e b ru a ry ___ 7 . 4 2 © 7 .4 4 J u n e .................7 .5 2 0 7 .5 4 I October
7 . 1 5 0 7 .2 5
M arch______ 7 .4 6 0 7 .4 7 July _
— 7 .5 4 0 7 .5 5 Novemper . - 7 .2 5 0 7 .3 5
A p r il________ 7 .4 8 0 7 .5 0 1 A u g u s t ........... 7 .0 5 © 7 .1 0 | Decemper . . 7 . 3 5 0 7 . 4 0
SUGAR.—Raw has been quiet but steady; centrifugal,
96-degrees test, 4.36c.; muscovado, 89-degrees test, 3.86c.;
molasses, 89-degrees test, 3.61c. Refined has been quiet
with withdrawals light. Granulated 5.15c. Teas have been
dull but firmly held. Spices have been firm on light stocks
and improved demand. Wool has become firmer under
active buying. Hops have been dull and firm.
PETROLEUM.—Refined has been steady with trading
mainly for export, domestic demand being slow. Refined,
barrels, 7.65c.; bulk, 4.15c.; cases, 10.05c. Gasoline, 86
degrees, in 100-gallon drums, 18%c.; drums $8 50 extra.
Naphtha, 73@70 degrees, in 100-gallon drums, 16%c.;
drums $8 50 extra. Spirits of turpentine quiet at lower
prices, 70@70)^c. Rosin dull in spite of sharp break;
common to good strained $5 80.
TOBACCO.—The market has undergone no change from
the dulness previously noted. Buying is still simply to sat
isfy immediate wants. Only a few Western buyers have ar
rived as yet. Somewhat conflicting reports are received as
to the growing crop. While beneficial showers have fallen
in some sections, complaints of drought have been received
from Northern Wisconsin.
COPPER advanced temporarily, later receding partially;
lake 12%@13c., electrolytic 12)^@12%c. Lead quiet at a
slight advance—4.40@4.50c. Spelter lias been offered at
lowerprices, while bids have advanced a fraction—5^@5.40c.
Tin has been strong, 33^@33)^c. Pig iron has been dull
all over, although inquiries arc better; No. 1 Northern $16
@$16 50, No. 2 Southern $15 25@$15 50.
THE CHRONICLE
A u g . 6 1 0 1 0 .]
COTTON.
R e c e ip ts a t —
M on.
S a t.
153
'6 7 3
" '3
4
14
B ru n sw ick______
"II
G eorgetow n------W ilm in g to n ........
"4 2
255
233
67
1,639
'2 9 0
"253
"306
l ',6 l i
" '5
'2 5 7
211
" '3
"l8
'2 5 7
"3 2
'2 4 3
"548
"3 6
'" 4
!
t\5Cv3l
. . . .
"3 9
49
13
Newp’t News,&c.
0
13
175
T o ta l.
F rl.
T h u rs.
W ed .
311
"8 6
"4 3
P ensacola----------Jacksonville, &c.
T u es.
620
"4 2
706
*354
. . . .
'(534
9
14
Baltimore ______
Philadelphia . . .
—
—
" '8 6
3
257
'6 8 4
26
257
685
1,280
6,491
'6 8 5
Totals this w eek.
1,703
7 6 1t
453
1,461
833
The following shows the week's total receipts, the total
since Sept. 1 1909, and the stocks to-night, compared with
last year:
1908-09.
1009-10.
R eceipts to
A u g . 5.
S in ce S ep
1 1009.
T h is S in ce S ep
1 1908.
W eek .
1,639 2,472,535
142,381
72,100
1,61 1 1,304,893
8,892
257 a2 54,167
138;i04
39,680
548 1,352,227
229,426
224,122
36
.
1,576
312,511
42
542,189
706
18,789
41,873
681
14,296
26
81,313
257
2,581
685
2,051 3,610,456
152,759
157,936
2,103 2,080,771
20,221
1,512
387,846
163,997
250
29,098
570 1,490,003
319,817
209,756
2,6 19
5 409,218
589,909
607
18,175
19,101
32
19,075
584
100,783
6,981
T h is
W eek .
Galveston________
Port A r th u r .. . .
Corp. ChrlstI, <Scc.
New Orleans____
Gulfport ________
Mobile
Pensacola________
Jacksonville, & c.
S a van n ah ........ —
B runsw ick_______
C harleston---------Georgetown ____
W ilmington ___
N o rfo lk ..................
N ’ port News, & c.
New Y o r k _______
B o sto n ___________
Baltimore.......... ..
Philad elphia____
1
S tock.
1910.
1909.
4,603
9,974
44,819
57,386
422
6,184
2,736
373
15,805
211
2,354
1 19
1,631
125
5,392
212,089
1,992
2,522
1,654
129,129
3,927
2,887
1,375
7,804 9,796.381
281,693
6,401 7,253,655
T o ta l___________
a 3,004 bales added as revision of receipts since Sept. 1.
234,749
8 ,7 3 3
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons:
R eceipts at —
1000.
1010.
G alv esto n ___
Pt .Arthur &c.
New Orleans.
M o b ile _______
Savannah ___
Brunswick___
Charleston,&c
W ilm in g to n ..
N o r fo lk ...........
N 'port N .,& c .
A ll others____
Total this w k.
1908.
1907.
1006.
1005.
1,630
2,051
14,557
2,360
7,420
24,916
1,611
257
548
2,193
1,512
570
_______
2,030
347
2,581
' 2,402
288
820
" 2 ',306
544
6,514
* 1,652
5
007
..
866
183
60
1,002
_______
1,110
" '2 8 4
163
395
_______
748
" '2 9 1
75
2,903
213
4,343
14,862
363
10,040
424
497
836
8,550
103
2,271
6,401
7,804
21,876
7,460
24,699
62,871
30
42
706
Since Sept. 1 . 7,253,655 0,706,381 8,242,002 9,680,588 7,753,102 9,012,222
The exports for the
of 23,637 bales, of
3,960 to France and
Below are the exports
week ending this evening reach a total
which 7,187 were to Great Britain,
12,490 to the rest of the Continent.
for the week and since Sept. 1 1909:
W eek ending A u g . 5 1910.
E xp orted to —
E xp orts
fro m —
Galveston____
Port Arthur...
Corp.Chrlstl.cStc
New Orleans..
Mobile......... ..
Pensacola____
Gulfport.........
Savannah ____
Brunswick___
Charleston____
Wilm ington...
Norfolk...........
Newport News.
New York____
Boston ...........
Baltimore____
Philadelphia . .
Portland, M e..
San Francisco.
Seattle ...........
Tacoma...........
Portland, Ore.
Pembina.........
Detroit.............
Total...........
Total 1908-09.
Conti
Great
Britain. F r 'nee nent.
1
____
____
____
____
____
____
____
____
6,708 3,960
179
300
____
____
____
____
____
—
____
____
____
____
____
____
____
—
Total.
2,360
2_,350
’ 166
”l66
____
____
____
____
____
9,830 20,498
10
189
____
____
____
____
200
____
____
—
300
____
____
____
200
____
____
—
O n S h ip b o a r d , N o t C le a r e d f o r —
Au
nt
2*
1*n
1/ • U ti*
F r i d a y N i g h t , A u g u s t 5 1910.
T H E M O VEM EN T OF T H E CROP as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
6,491 bales, against 20,730 bales last week and 56,422
bales the previous week, making the total receipts since
Sept. 1 1909 7,253,655 bales, against 9,796,381 bales
for the same period of 1908-09, showing a decrease since
Sept. 1 1909 of 2,542,726 bales.
Galveston ______
Port Arthur------Corp.Chrlstl, &c.
New Orleans____
G u lfp o rt________
343
F rom S ept. 1 1909 to A u g . 5 1910.
Exp orted to —
Great
B ritain . F rance
715,532 377,722
25,883 18,398
______
____
576,301 191,086
39.348 74.601
48,950 54,674
7,818
240,311 83,991
87,045 5,496
16,901
100,690 15',700
4,863
342,712 84,2II
98,169
18.563 7,890
45,581
____
427
______
____
______
_____ "
_____ ’
...........
C onti
nent.
Total.
959,262 2,052,516
98,100 142,381
17,428
17,428
408,490 1,175,880
41,092 155,041
40.455 144,079
1,074
8,892
447,299 771.001
99,041 191,582
101,095 117,996
182,205 298,595
1,756
0,619
...........
184,859 611,782
11,406 109,575
57,513
31,054
17,247
62,828
427
59,978
59,978
29,040 .29,010
4,640
4,604
200
200
600
600
...........
G rea t
B r i t a in . F r a n c e
New O rlean s..
G a lv e sto n ____
Savannah ____
Charleston____
M o b ile ________
N o r fo lk _______
New Y o rk ____
Other ports___
152
4,000
150
l'lOO
Total 1 0 1 0 ..
Total 1909 . .
Total 1 9 0 8 ..
5,221
4,866
1,895
2,015
2,225
1,707
919
815
100
____
G er
m any.
O th er
F o reig n
428
400
____
3 ,1 0 0
348
____
____
____
1,866
25
800
—
4,982
7,440
25,129
1,628
1,701
7,577
2.867 10,756 12,089 25,711? 3.528.970104
3,790.810
T o ta l.
L e a v in g
S to c k .
403
600
5,074
1,448
1,324
l',47£
7,400
175
39,145
3,155
8,733
373
422
155
204,689
8,848
16,173
21,428
41,306
265,520
213,321
148,271
—
2,327
5,196
4,998
The speculative cotton market has been characterized
this week by extreme irregularity, there being frequent
transitions from strength to weakness, the final outcome be
ing a big advance in the current month, a smaller gain in
September and fair losses on the rest of the list. In a word,
the near-by contracts have been well supported by the strong
interests which have the small local supply so thoroughly
under control, while the new-crop deliveries, after being
buffeted about from day to day, as might be expected in a
“ weather market,” have finally given way under the aggres
sive hammering of the local crowd. At times the weather
news from the Southwest has been disquieting, maximum
temperatures in Texas and Oklahoma ranging from 100 to
110, while the rainfall has generally been insignificant. On
the other hand, the news from the rest of the belt has gen
erally been favorable, although on one occasion there was
talk of damaging rains in Mississippi and Arkansas. At one
time buying was quickened by the monthly report of the
Department of Agriculture, which made the condition 75.5,
against 80.7 last month, 71.9 last August and a ten-year
average of 79.4. Some argued from this that the production
would be between 11,750,000 and 12,000,000 bales. Others,
however, argued that, because of the larger area, the yield
would exceed 12,000,000 bales. They called attention to the
fact that two years ago Texas raised a crop of 3,831,000 bales
on an area of 9,494,000 acres, Whereas the area is now
10,877,000 acres and the condition the same as it was then,
viz., 82. At one time spot houses were good buyers, and
it was said that Fall River had reported a better trade
in cotton goods. At another time there was considerable
liquidation by Southern and Wall Street longs because of a
reported low barometer in Texas and predictions of general
rams and cooler weather. To-day August made a net ad
vance of about 20 points, advancing at one time from 15.34
to 15.67 under, excited covering by three or four shorts.
Meantime the new crop futures were losing from 10 to 16
points under vigorous hammering by the local crowd, who
were prompted mainly by reports of cooler weather and rains
in Texas and Oklahoma, Mexia, Tex., reporting rainfall of
1.60 inches and Hobart, Okla., 1 inch. Then, too, good
showers were reported in the Eastern belt, and favorable
crop news was received from the Carolinas. There are many
who believe that on account of the improvement in the
Central and Eastern belt and the relief in the Southwest the
new-crop deliveries will soon work to a still lower level.
Still there are others who think that the buying was of a
much better class than the selling. For one thing, they
mentioned the spirited bidding for October by brokers
representing Continental spinners. Moreover, Wall Street
houses also bought October and December.
The rates on and off middling, as established Nov. 17 1909
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
F a ir................. -3 c . 1.50 on! Middling............ _c. Basis|Good mid. tinged.c Even
Strict mid. fair___ 1.30 onjStrlct low. mid_____ 0.25 off|Strict mid. tinged..0.15 off
Middling fair...........1.10 on|Low middling______ 0.60 off|Mlddllng tinged
0.25 off
Strict good mid
0.66 onjStrlct good ord
1.05 ofTIStrlct low.mid.ting.0 .6 0 ofl
Good middling____0.44 on |Good ordinary______ 1.75 off (Low mid. tinged ... 1.50 off
Strict middling___ 0.22 on |Strict g’d mid. tgd .0.35 on IMiddling stained.. .0.75 off
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
J u l y 3 0 to A u g . 5 —
Sat.
M id d lin g u p l a n d s . . . ........................ 1 5 . 2 5
Mon.
1 5 .2 0
T u es.
1 5 .3 0
W e d . T h u rs.
1 5 .4 5
1 5 .4 5
F r l.
1 5 .6 0
NEW YORK QUOTATIONS FOR 32 YEARS.
The quotations on middling upland at New York on
Aug. 5 for each of the past 32 years have been as follows:
1 9 1 0 .c . ____ 15.60
1 9 0 9 .. . ____ 12.60
1 9 0 8 .. . ____ 10.75
1 9 0 7 .. . ____ 13.25
1 9 0 6 .. . ____ 10.70
1 9 0 5 .. . ____ 10.75
1 0 0 4 .. . ____ 10.45
1 9 0 3 .. . ____ 12.75
1 9 0 2 .c ____
1901............. .
1900............. .
1899_______ .
1898............. .
1897_______ .
1896_______ .
1805............. .
8.06
9.50
6.12
6.06
8.00
7.88
7.19
1 8 9 4 .c ._
1893____
1892____
1891____
1890____
1889____
1888____
1887____
. . . 6 .9 4 I 1 8 8 6 .C .. . . 9.56
. . . 7.81 1885........... - .1 0 .4 4
. . . 7.38 1884...........
. . . 8 .00 1883........... . .1 0 .2 5
. .. 1 2 . 2 5 1882........... ..1 3 .0 6
. .. 1 1 . 3 1 188 1 .......... ..1 2 .0 6
. .. 1 1 . 0 0 1880.......... . .1 1 .5 6
..
1879...........
..11.00
.10.00
..11.00
MARKET AND SALES AT .NEW YORK.
The total sales of cotton on the spot each day during the
week at New York 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 spot and futures closed
on same days.
S p ot M arket
C losed.
F u tu res
M arket
C losed.
7,187 3,960 12,490 23,637 2,369,097 913775 2,736,285 6,019,157
In addition to above exports, our telegrams to-nignt also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York.
C o a st
w is e .
Saturday. _
M onday___
Tuesday . .
Wednesday
Thursday .
Friday____
Total
..
Quiet,
Quiet.
Quiet.
Qulct,
Quiet
Quiet,
10 pts. d e c ..
5 pts. dec___
10 pts. a d v ..
15 pts. a d v ..
................. .........
15 pts. a d v . .
F i r m ________
Steady.............
Steady----------Steady.............
Steady.............
Steady_______
Sales 0/ S p ot and C ontract.
C on C on
S p ot. sum 'n. tract.
-
-
3". 166
2,490
1,216
6,805
7",666
"666
1,700
...1
T otal.
7",66o
3",I66
3,090
2.915
9,300 16,105
344
THE CHRONICLE
[V O L . L X X X X I
FUTURES.—The highest, lowest and closing prices at
AT THE INTERIOR TOWNS the movement—that is,
New York the past week have been as follows:
the receipts for the week and Since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
in detail below.
@
1
@
|
©
|
@
|
@
|
@
|
©
|
@
1
©
© © ©
•CO<OOTj*OOOt^O€Vl«Vl<OOTf05<DO<DTt05i-Hts.M050T-»iOCM
~
^
t'"
O
rx
tH
00
■go . iPjTj'HiCHOiOOHOcO^'MOHOMOiCTfOHOiOtOOH
o
r*
lO
CO
O
CO
lf-rHO05 irtOrfHifOH iOMiOOOOiOOhh
iOrjilO
O 3<o
,
C
V
l
CO
©
C
M
C
O
co rH
r
H
r
H
cq rr c
m
"
o
COiHCM
SI
SI 31 SI 21 SI M S I I
IH
MM
r-t 1
O
C
15
0 nO
<
o-IO
<M
oO
OO
f? C
LOt? »ro^c<oo 1°co S 1 11 C
LO
TO
f 15 12
'T
lootoooooifloaotoio
lOOOGCOffO^
lOMOQC "
lOO rfrji CO
CO C
O C
O coco CO
CO
CO C
O
CO C
OC
A a 'g
O
'C
O00OC
M "‘
@5|
1 @
| @1 @
I ©|
@T
tOgfi
i-4C
M
io @|
<
C
O@
t^1O
o @1 @
51T
0f @| 0
oO
C
OrtH
o 0
HM
Tof
C
O
O0
cU
o-c0o5 cC
C
O C
H
O»o
O
C
O
CO
CO 12 CO
CO coco 12 coco 11 C
rH
i—
t 12 12
COOCDHOOO^cCUOlOoCxrOcOCoCUHHtDiOOOOUOOOu
4LOCMCOlOr
lOTf
O 1.0
lOlO
CO
CO
-CMrHrfiOOOiO
1 rHrHCO
^ rr
coco
coco
coco
©1 ©
©I
@
1
©I
©I
©I
©I
©
©
,©
I
©
I
ir-tCMrfCMOOt^CBO
IH
lOr--U- O Tf to
H
05lOtHlO0‘0C
O
l<0 Tf
CO•'T T
-H
C
O I0«0 »0O Tfuo C
OT
J<
io o
»OiO
CO
CO CO
CO CO
CO CO
CO
COCO
ro«o
05<000'cOCOoONH<Oo(500005<000<l, iO<OOiOOOtOMcO
‘OO rfTf coco
C
OC
O
CO
coco CO
coco
CtrJ«Ol^OCM'M«C05Tl'05<0t>-C0CMr>>OOtHC005OCMHCMP>HO
CO
CO
U-O<0CO^fH <OCO<OCOO C
O «5005x}<mmh OOOOOhM
rH LO CO
CO
MHr-HM’M
’o N HH
©
©I
©
©I
©
©I
©I
©I
©
©
I
©
I
©
I
3
3
co*h rj<c\]
■a,2
<ol>* 0000 0000
3
H
l0
H
n
T
jt|
/5
O
0
0
O
O
KOOOCOlOOO
•OlO Tfr}« CO
CO CO
CO coco CO
CO
coco coco COCO
3coo
00CO -- -------•4.22«
£Tc? <*>
C
O1-0 OC
O coo
O Tf
« § *
u- »o l>. UO o ^
o»o
U- IO
»01.0 Tf-rf C
OC
O CO
OC
O COC
O
coco
CO C
coco
r. 'O ^ CO1.0 lO© C5l - COO 1.0rHCOO CMa O cm© CM-f © "lO00<C© rf 00
■«0§M
.
Ca
r■H05lOoO
CM
C^l?M
rf<ors»CiTfC'|r|1»OCOHOC'qoOC'lrHO<OOrfr}«TfTf*HiOCM^103
©I @| @| @| © I'. © | @| @| © © I © I © I
CM C0^»0<0i0<0 ^ C O C M O O CMOJ^O^rf C M O O c 0 0 5 0 U -O tH r H 0 5 < D < 0 0 < D 0 0 0 5 0 0 »0
a3
TPl.o
ls
*O
O
ts
»
0
5
C
0
T
l<
H
0O
ClO
>l<
0eM
0C
tH
C0
05
C
0T
TT
trfrH
5H
0H
0T
5rt^
f0CtH
C000C0<0O05O
tH
r
H
O
lO
l^
C
M
O
C
O
lO
*000O
5C
0^
<tO
l^
t^
rl'H
j»0T
jiT
coco CO
CO CO
CO coco C
OC
OC
O
tHHtHHiHCO
*—
4 iS
l SloSSS
i.oIO © 00
c
o
c
o
IOlO
0
C|M CMrH t"<
»Tf 05 rH05 tH03O
ICOIU
*H
O05 : s
<00
lOIO rf rf C
O
CO C
O COC
O CO
CO CO C
OC
O
COCO
fO*3
©
| ©I
©| ©[ ©| ©I ©ICO I.o©I
0 © © ©
»0
OO r*CO 1005 <000 O CM
u.
TH cm
o rH
tfS <D
uO
1.0 0
rfrf
COCO
COCO
rfiO
Tf lO
IO
COCO
COCO*
I CO*
C
MOHH
i.o
I.oO Tfrf C
OC
O C
O coco
©
|
|© © ©I
O
00 ©f
OM ©
C
O
O
r-4 r-4 O h rf O ».0O 0
C0O
O
OO rf-rf C
OC
OC
’OC
*O C
Oco
fee fci) bio Itp . to
«]« io
COCO
io o
coco
I
'VCO I
rf Tf
rp1(0 || 11
coco’
co CO
@
|
@
|
©
©
©I
rH
MT
C
LOO ©I ©I
C
OC
CO
CO IC
*
y: : : : : :
<
5 2 o I So I So I So I So I So I S o i S o ^ S S I So I So I So
SPtoWGto *.«o
m o
<*/
to
I-Ko o'Ctfo
^ H O *•>H Cd
OO V
Eh
V 0 ‘~M M
%
M o M o
o
THE VISIBLE SUPPLY OF COTTON to-night, as
made up by cable and telegraph, is as follows. Foreign
stocks, as well as the afloat, are this week’s returns, and
consequently all foreign figures are brought down to Thurs
day evening. But to make the total the complete fig
The above totals show that the interior stocks have d e
ures for to-night (Friday), we add the item of exports c r ea s ed during the week 5,750 bales and are to-night 30,550
from the United States, including in it the exports of Friday bales less than at the same time last year. The receipts
only.
at all the towns have been 140 bales more than the same
A u g u s t 5—
1010.
1909.
1008.
1007.
week last year.
. 412,000
932,000
439,000
878,000
Stock at London
.
9,000
12,000
10,000
21,000
OVERLAND MOVEMENT FOR THE WEEK AND
.
35,000
60,000
54,000
69,000
SINCE SEPT. 1.—We give below a statement showing
. 456,000 1,004,000
968,000
503,000
the overland movement for the week and since Sept. 1, as
Stock at H am burg.
12,000
9,000
24,000
18,000
made up from telegraphic reports Friday night. The results
- 104,000
203,000
242,000
182,000
. 103,000
206,000
106,000
for the week and since Sept. 1 in the last two years are as
149,000
Stock at Marseilles
.
2,000
3,000
5,000
3,000
follows:
Stock at Ilarcelona
.
17,000
25,000
30,000
21,000
Stock at G e n o a ___
Stock at Trieste . .
Total Continental stocks.
India
Stock
Stock
Stock
U . S.
.
.
19,000
7,000
22,000
5,000
20,000
18,000
21,000
40,000
.
264,000
473,000
445,000
434,000
.
cotton afloat for Europe___.
3
30
.
In Bom bay, India_________ .
In U . S. ports______________ .
In U. S.Interior towns____
exports to-day_____________
720,000 1,477,000
68,000
82,000
73,177
46,321
17,000
16,000
58,000
53,000
263,000
531,000
234,749
281,693
94,837
64,287
5,403
2,375
948.000 1,402,000
82,000
138,000
57,515
53,183
18,000
30,000
75,000
35,000
443,000
628,000
189,587
307,176
124,744
88,226
14,082
1,583
1,706,676 2,201,106 1,951,928 2,683,168
Of the above totals of American and other descriptions are as follows:
A m erica n —
330,000
Liverpool stock____________ bales.
321,000
845,000
761,000
Manchester stock___________
44,000
.
28,000
47,000
57,000
361,000
204,000
436,000
333,000
57,515
.
46,321
73,177
53,183
189,587
U . S . port stocks____
. 281,693
234,740
307,176
124,744
U . S . Interior s to c k s..
04,837
64,287
88,226
14,082
U . S. exports to-day.
5,403
.
2,375
1,583
.
E a s t I n d ia n , B r a z i l , A c .—
Liverpool stock________________
London stock_________________
Manchester stock_____________
Continental stock_____________
E gypt, Brazil, &c., alloat-
.
.
047,676 1,736,106 1,120,928 1,601,168
01,000
9,000
7,000
60,000
82,000
16,000
53,000
531,000
87,000
12,000
13,000
37,000
68,000
17,000
58,000
263,000
109,000
10,000
10,000
84,000
82,000
18,000
75,000
443,000
117,000
21,000
12,000
101.000
138,000
30,000
35,000
628,000
840,000
555,000
831,000 1,082,000
047,676 1,736,106 1,120,928 1,601,168
Middling Upland, Liverpool______
8.07d
O.OOd.
Middling Upland, New Y o rk ____
15.45c.
12.70c.
E gypt, Good Brown, Liverpool-.1 3 7-16d. 0 13-10d.
Peruvian, Rough Good, Liverpool ll.O Od.
8.25d .
Broach, Fine, Liverpool__________
7 M d.
OJ^d.
Tlnnevelly, Good, Liverpool______
7 H d . 5 15-lOd.
10.85c.
13.40c.
8 J^d. 11 5-16d.
O.OOd.
11,50d.
5 7-16d.
6H d.
5 l-1 6 d .
5 Jid.
--------19 0 9 -1 0 -------
A u g u s t 5—
S h ip p e d —
W eek .
1,503
r 1,011
.
Via
Via
Via
Via
C airo...............
Rock Island.
Louisville —
C incinnati.. .
.
525
252
. 2,486
1,276
S in ce
S e p t . 1.
453,538
183,388
19,015
132,479
48,671
139,543
155,704
. 7,053 1,133,238
--------10138-0 9 -------W eek .
4,625
464
224
437
956
137
S in ce
S e p t . 1.
678,405
305,504
30,603
85,602
50,303
187,610
277,527
6,843 1,615,734
D ed u c t s h ip m e n ts —
Leaving total net overland*
2,660
145,040
48,037
57,572
285,197
3,276
252,440
848,041
3,567 1,363,285
1,652
2,842
1,043
140,063
65,037
79,197
6,437
616
616
* Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
has been 646 bales, against 3,567 bales for the week
last year, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 515,244 bales.
1000-10----I n S ig h t a n d S p in n e r s '
T a k in g s .
S in ce
W eek .
Receipts at ports to Aug. 5 ..........616
Net overland to Aug. 5
. 32,000
South’n consumption to Aug.
S e p t . 1.
7,253,055
848,041
2,307,000
Total marketed_________________ 30,107 10,408,606
Interior stocks In excess----------------- *5,750
£18,870
S in ce
W eek .
7,804
3,567
52,000
63,371 13,547,666
£10,160
*12,710
Came into sight during week— 33,357
— —
_
Total In sight Aug. 5 . . .......... ............ ........... 10,380,820
50,661
North’n splnn’s takings to Aug. 5 .................
20,448
* Decrease during week.
2,138,272
S e p t . 1.
0,706,381
1,363,285
2,388,000
13,528,407
2,767,408
£ Less than Sept. 1.
Movement into sight in previous years:
W eek —
K~a le s
1008— Aug.
8 ..............................51,507
1007— Aug.
0 __________ _
40,561
1006— Aug. 10.............................. 64,200
1005— Aug. 1 1 . ^ . , .......... - r . 101,660
1 S i n c e S e p t . 1—
B a le s .
1007-08— Aug.
8 . ..............11,310,381
1000-07— Aug.
0 ................ 13,344,168
Continental imports for the past week have been 50,000
1005-00— Aug. 10_________10,082,868
bales.
1004-05— Aug. 11 ................ 13,350,431
The above figures for 1910 show a decrease from last week
QUOTATIONS TOR MIDDLING COTTON AT. OTHER
of 121,992 bales, a loss of 494,430 bales, from 1909, MARKETS.—Below are the closing quotations for, middling
a decrease of 155,252 bales from 1908 and a loss of 886,492 cotton at Southern and other principal cotton markets for
bales from 1907.
each day of the week.
A ug. 61910.]
THE CHRONICLE
C lo s in g Q u o ta tio n s f o r M id d li n g C o tto n o n —
A u g . 5.
G a lv e sto n _____
New Orleans- M o b ile _________
Savannah _____
Charleston____
W ilm ington___
N o r fo lk ________
B a ltim o re _____
Philadelphia___
Augusta________
M em p h is_______
St. Louis_______
H o u s t o n _______
Little Rnek
S a t'd a y .
M o n d a y . T u e s d a y . W e d ’ d a y . T h u r sd 'y .
14 H
14 H
1456
15 56
14 A
14 5s;
14 Ys
15A
15
15
1556
15.45
1556
15
15
14 56
14 56
l15.50
5 A
15 A
15
15
14 «
14 A
1456
14 56
14 56
1556
—
F r id a y .
1456
14 5i
14 56
1556
1456
1456
14 11-16 14 13-10
14 56
1456
15 56
1556
15
1556
15.70
15 56
15
15
14 Yx
14 56
15
15 56
15.70
15 56
15
-
15
15 56
15.55
15 56
15
15
1456
14 56
14 Yx
14 56
15
1556
15.85
15 7-10
15
15
14 Yx
14 56
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
S a t'd a y ,
J u l y 30.
M onday,
A u g . 1.
T u e s d a y , W e d 'd a y , T h u r sd 'y ,
A u g . 2.
A u g . 4.
A u g . 3.
F r id a y ,
A u g . 5.
A u g u st—
R a n g e _______ — 14.49 14.50-.52 14.40-.57 14.59-.65 14.55-.63 14.66-.68
Closing_______ 14.48-.51 14.50-.51 14.46-.50 14.65-.68 14.61-.62 14.65-.68
S e p te m b e r —
R a n g e ----------- — 13.78 13.85 — 13.89-.04 13.99-.13 13.84-.98 — @
Closing............. 1 3 .8 3 .8 5 13.85-.87 1 3 .9 0 .9 1 14.13-.15 13.90-.95 13.81
O ctob er —
—
—
R a n g e _______ 13.32-.43 13.30-.46 13.38-.60 13.50-.65 13.32-.47 13.25 .41
Closing_______ 13.42-.43 13.4 5-.46 13.42-.43 13,64-.65 13.42-.43 13.29-.30
N ovem b er—
Range _______ — @ — — @ — — 13.46 — @ — — @ — — @ —
Closing___13.36-.37 13.39-.41 13.38-.40 13.60-.62 13.38-.40 13.27-.29
D ecem b er—
Range _______ 13.24-.37 13.30-.41 13.31-.53 13.44-.60 13.27-.40 13.22-.37
Closing_______ 13.36-.37 13.39-.40 13.37-.38 13.59-.60 13.37-.38 13.25-.26
J an u ary—
Range _______ 13.30-. 37 13.33-.43 13.3 5-.53 13.47-.65 13.33-.45 13.27-.42
Closing_______ 13.39-.40 13.42-.44 13.40-.41 13.64-.65 13.43-.44 13.30.-31
M arch —
Range _______ 13.40-.48 13.42-.54 13.46-.67 13.59-.75 13.42-.54 13.40-.51
Closing_______ 13.49-.51 13.63-.64 13.50-.51 13.74-.75 13.54-.55 13.42 —
M ay—
R a n g e ---------- —
Closing_______
T on e—
S p o t _________
O p t io n s --------
@
— 13.62 — — 13.70 — @ — 13.50-.58 13.50 —
13.02 — 13.60-.62 13.80 — 1 3 .6 0 .6 2 13.50 —
Easy.
Steady.
Steady.
Steady.
Steady.
Steady.
Firm.
Steady.
Steady.
Steady.
Steady.
Steady.
WEATHER REPORTS BY TELEGRAPH.—Our tele
graphic advices from the South this evening indicate that the
weather has on the whole been more favorable the past week,
and improvement in the crop is reported from some sections.
Needed rains have fallen in Oklahoma and in portions of
Texas, but there is complaint from the latter State of de
terioration as a result of hot and dry weather, and boll-weevils
are also referred to.
G a l v e s t o n , T e x a s . —Continued drought and hot weather arc
causing deterioration. Complaints of boll-weevils and bollworms are increasing. It has rained on one day of the week,
the precipitation being four hundredths of an inch. The
thermometer has averaged 83, the highest being 88 and the
lowest 78.
A b i l e n e , T e x a s . —There has been no rain the past week.
The thermometer has averaged 89, ranging from 74 to 104.
B r e n h a m , T e x a s . —We have had no rain during the week.
The thermometer has ranged from 72 to 102, averaging 82.
C u e r o , T e x a s . —We have had no rain during the week.
Average thermometer 80, highest 103, lowest 71.
D a l l a s , T e x a s . —It has been dry all week.
The thermo
meter has averaged 89, the highest being 100 and the lowest
H e n r i e t t a , T e x a s . —There has been rain on two days the
past week, the rainfall reaching twenty-nine hundredths of
an inch. The thermometer has averaged 90, rangimr from
71 to 108.
H u n t s v i l l e , T e x a s . —There has been no rain the past week.
The thermometer has ranged from 72 to 99, averaging 80.
L a m p a s a s , T e x a s . —There has been no rain the past week.
The thermometer has averaged 88, the highest being 100
and the lowest 09.
L u t i n g , T e x a s . —Dry all the week.
The thermometer has
averaged 87, ranging from 72 to 101.
P a r i s , T e x a s . —The week’s rainfall has been thirteen hun
dredths of an inch, on two days. The thermometer has aver
aged 89, the highest being 104 and the lowest 73.
S a n A n t o n i o , T e x a s . —We have had no rain during the
week. The thermometer has averaged 80, ranging from
72 to 100.
T a y l o r , T e x a s . —Dry all the week.
The thermometer has
ranged from 72 to 100, ayeraging 80.
W e a th e r f o r d , T e x a s . —No rain the past week.
Average
thermometer 89, highest 104, lowest 74.
A r d m o r e , O k l a h o m a . —It has rained on one day during the
week, the precipitation reaching forty-five hundredths of
an inch. The thermometer has averaged 90, ranging from
71 to 109.
6
B
M a r l o w , O k la h o m a . —Rain has fallen on two days of the
week, the rainfall being one inch and fifty-five hundredths.
The thermometer has ranged from 71 to 109, averaging 90.
O k l a h o m a , O k la h o m a . —We have had rain on three days
during the week, the rainfall being seventy-eight hundredths
of an inch. The thermometer has ranged from 72 to 10G,
averaging 89.
A l e x a n d r i a , L o u i s i a n a .— This, weqk’s rainfall, has been
twelve hundredths of an inch, oh brie 'day. Average ther
mometer 85. highest 98 and lowest ? ! . /
;
A m i t e , L o u i s i a n a . —We have Waff rain oh otic day during
the week, the precipitation being one iiVch. The ther
345
mometer has averaged 84, the highest being 97 and the
lowest 71.
N e w O r l e a n s , L o u i s i a n a . —There has been no rain during
the week. The thermometer has averaged 85, ranging
from 74 to 95.
S h r e v e p o r t , L o u i s i a n a . —Rain has fallen on one day during
the week, the rainfall being one inch. The thermometer
has ranged from 70 to 99, averaging 84.
C o l u m b u s , M i s s i s s i p p i . —We have had rain on one day
during the week, the rainfall being one inch and twenty-five
hundredths. Average thermometer 79, highest 96, lowest 61.
M e r i d i a n , M i s s i s s i p p i . —We have had rain on three days
during the week, the rainfall being one inch and seventy-five
hundredths. The thermometer has ranged from 64 to 92,
averaging 78.
V i c k s b u r g , M i s s i s s i p p i . —The week’s rainfall has been
ninety-one hundredths of an inch, on three days. Average
thermometer 82, highest 94.5, lowest 70.
E l d o r a d o , A r k a n s a s . —We have had rain on two days
during the week, the precipitation reaching thirty-one
hundredths of an inch. The thermometer has ranged from
69 to 97, averaging 83.
F o r t S m i t h , A r k a n s a s . —The week’s rainfall has been
seventy-eight hundredths of an inch, on two days. Average
thermometer 88, highest 104, lowest 72.
H e l e n a , A r k a n s a s . —Cotton is improving.
We have had
rain on one day during the week, the rainfall being only
one hundredth of an inch. The thermometer has ranged
from 65 to 94, averaging 80.
L i t t l e R o c k , A r k a n s a s . —Weather conditions good for cot
ton the past week and reports indicate general improvement.
Rain has fallen on three days of the week, the rainfall being
one inch and twenty-four hundredths. Average thermom
eter 83, highest 94, lowest 71.
D y c r s b u r g , T e n n e s s e e . —It has rained on two days of the
week, the precipitation reaching seventy-two hundredths of
an inch. The thermometer has ranged from 63 to 95,
averaging 79.
M e m p h i s , T e n n e s s e e . —Rain beneficial, but more is needed.
Rain has fallen on one day during the week and the precipi
tation has been fifty-five hundredths of an inch. Average
thermometer 80.2, highest 92.2 and lowest 67.
N a s h v i l l e , T e n n e s s e e . —We have had rain on two days of the
past week, the rainfall reaching eighty-four hundredths of an
inch. The thermometer has averaged 79, the highest being
96 and the lowest 62.
M o b i l e , A l a b a m a . —Generally dry and favorable for crops in
the interior. We have had rain on one day of the week, the
rainfall being thirty-one hundredths of an inch. The ther
mometer has averaged 84, ranging from 74 to 95.
M o n t g o m e r y , A l a b a m a . —Weather fine for crops; cotton
improving. Rain has fallen on two days of the week, the
rainfall being forty-one hundredths of an inch. The ther
mometer has ranged from 71 to 93, averaging 82. Month’s
rainfall 10.27 inches.
S e l m a , A l a b a m a .—We have had rain on one day during
the week, the rainfall being thirty-four hundredths of an inch.
Average thermometer 80, highest 94, lowest 65.
T h o m a s v i l l e , A l a b a m a .—There has been rain on three days
of the week, to the extent of twenty-seven hundredths of an
inch. The thermometer has averaged 80, the highest being
97 and the lowest 63.
M a d i s o n , F l o r i d a . —We have had rain on four days during
the week, to the extent of ninety-three hundredths of an inch.
The thermometer has averaged 83, ranging from 70 to 97.
T a ll a h a s s e e , F l o r i d a . —Rain has fallen on four days during
the week, the rainfall being one inch and twenty-three hun
dredths. The thermometer has ranged from 72 to 94,
averaging 83.
A t l a n t a , G e o r g i a .—Rain has fallen on two days of the week,
the rainfall being forty-four hundredths of an inch. Average
thermometer 79, highest 92, lowest 66.
A u g u s t a , G e o r g i a .—There has been rain on one day during
the week, the rainfall being fifty-one hundredths of an inch.
The thermometer has averaged 83, the highest being 95 and
the lowest 70.
S a v a n n a h , G e o r g i a . —There has been rain on five days of
the week, the precipitation reaching thirty-eight hundredths
of an inch. The thermometer has averaged 82, ranging
from 72 to 97.
C h a r le s t o n , S o u t h C a r o l i n a .—We have had rain on five days
during the week, the precipitation reaching one inch and
fifty-two hundredths. The thermometer has ranged from
74 to 92, averaging 84.
G r e e n w o o d , S o u t h C a r o l i n a . —The week’s rainfall has been
twelve hundredths of an inch, on one day. Average ther
mometer 84, highest 99, lowest 70.
S p a r t a n b u r g , S o u t h C a r o l i n a . —Tt has been dry all the week.
The thermometer has averaged 82, the highest being 98 and
the lowest 66.
C h a r lo tte , N o r t h C a r o l i n a . —We have had rain on two days
during the week, to the extent of one inch and thirty-three
huhclredths. The thermometer has averaged 80, ranging
fjrojn 70 to 92.
G rk fyn sboro, N o r t h C a r o l i n a . —We have had rain on two
days durihg the week, the rainfall being seventy-four hun
dredths of an inch. The thermometer has ranged from
65 to 93, averaging 79.
346
THE CHRONICLE
WORLD’S SUPPLY AND TAKINGS OF COTTON.
Cotton Takings.
W eek and Season.
1909-10.
W eek .
W eek .
A le x a n d r ia , E g y p t,
A u g . 3.
1,969,025 16,889,442 2,563,876 18,970,479
D ed u ct—
Visible supply A u g. 5 ___________ 1,796,676
1,796,676 2,291,106
172.349 15,092,766
110.349 10,896,166
62,000 4,196,600
Total takings to A u g. 5 ..................
Of which American___________
Of which other_______ _______
COTTON CROP CIRCULAR.—Our Annual Cotton Crop
Review will be ready in circular form about Wednesday,
Sept. 7. Parties desiring the circular in quantities, with
their business card pjrinted thereon, should send in their
orders as soon as possible, to secure early delivery.
CALIFORNIA’S FIRST NEW BALE.—The first bale of
new cotton of the season of 1910 was ginned at El Centro,
Cal., on Aug. 4. A dispatch to the New York Cotton Ex
change states that “ it is very fine and clean and white and of
exceptionally strong fibre. This year’s acclimated seed pro
duced a slightly larger staple. Crop prospects are fine.
Other growers are now packing and hauling in the Imperial
Valley. Irrigated cotton is a success.”
THE AGRICULTURAL DEPARTMENT’S AUGUST
REPORT.—The following statement, showing the condition
of cotton on July 25, was issued by the Department of
Agriculture Aug. 2:
The Crop Reporting Board of the Bureau of Statistics of the United
States Department of Agriculture estimates, from the reports of the
correspondents and agents of this Bureau, that the average condition of
the cotton crop on July 25 1010 was 7 5 .5 % of a normal, as compared
with 8 0.7 on June 25 1910, 71.9 on July 25 1909, 83.0 on July 25 1908,
7 5.0 on July 25 1907, and 79.4 the average of the past ten years on July 25.
Comparisons of condition by States follow:
J u l y 25 J u n e 25
—J u l y 25----------S ta te s —
1910.
1910.
1909.
1908. 10 -l/r.av
Virginia ................................ ...............
80
81
71
90
81
72
North Carolina.................. .................. 71
71
89
80
South Carolina__________ .................
70
75
77
84
80
G eorgia................................
78
78
85
81
82
84
85
Florida........................... ....... .................. 70
83
68
85
78
A la b a m a .............................. .................. 71
81
64
86
78
Mississippi_______________ .................
81
71
58
83
69
77
L o u isia n a _______________ ________
78
82
84
70
79
Texas ___________________ _________
82
86
76
77
A rk an sa s.................... ......... .................. 73
80
88
82
80
82
76
Tennessee.................... ....... .................
85
80
88
Missouri_________________ .................. 72
84
79
06
88
81
O klah om a_______ _______ .................. 87
95
. . .
C a lifo rn ia _______________ .................. 98
—
. . .
80.7
75.5
71.9
1908-09.
1907-08.-
4,909,633
900
6,674.903
2,500
7,160.722
T h is
S in c e
W e e k . S e p t . 1.
S in ce
T h is
W e e k . S e p t . 1.
T h is
S in ce
W e e k . S e p t . 1.
3,000 156,736
119,286
2*500 304,8 57
600 62,534
193,961
218,542
4,500 362,905
89,283
5,500 369,504
75,878
6,100 643,413
10,500 864,691
5,500 883,015
R e c e i p t s (cantars) —
This w e e k ____ _______ ___
Since Sept. 1---------------------
E x p o r t s (bales)—
To
To
To
To
2 ,291,106
272,770 16.679.373
193,770 12.769.373
74,000 3,910,000
• Embraces receipts la Europe from Brazil, Smyrna, W est Indies, &c.
United S tates________ ..................
1909-10.
S eason .
Visible supply July 2 9 .................. 1,918,669
2,498,215
Visible supply Sept. 1 . . ...............
1,931,022 ________
1,714,982
American In sight to Aug. 5 ____
50,661 13,528,497
*33', 3 57 10,389,820
Bom bay receipts to Aug. 4 . . .
3,000 2,093,000
10,000 3 ,148,000
Other India shlp’ ts to Aug. 4 ___
490.000
10,000
4,000
540.000
Alexandria receipts to A u g. 3 . .
654,600
890.000
Other supply to A u g. 3*
276.000
2,000
**3',666
204.000
Total s u p p ly _________________
ALEXANDRIA RECEIPTS AND SHIPMENTS.
1908-09.
S eason .
[V O L .LXX XX I
83.0
79.4
L iv e r p o o l____________
M anchester----------------C on tin e n t____________
Am erica_______________
Total exports_________
N o t e .— A cantar Is 99 lbs.
6,000
226,945
210,688
Egyptian bales weigh about 750 lbs.
The statement shows that the receipts for the week were
000,000 cantars and the foreign shipments 6,100 bales.
MANCHESTER MARKET.—Our report received by
cable to-night from Manchester states that the market con
tinues firm for yarns and quiet for shirtings. Manufact
urers are working at a loss. We give the prices for to-day be
low and leave those for previous weeks ot this and last year
for comparison:
1910.
8
32s C op
d.
d.
J’ne.
17 1 0 *
@
11*
24 10 9-16® 11 5-16
TitIx
J
illyr
1
10 *
11 *
@
11
s 10 H
@
11
15 1 0 H
@
22
10 *
11 *
@
29 1 0 *
@
11*
5
@
10 *
s. d.
5
5
8
5
5
5
5
5
11* 5
8 <4 lbs. Shirt C o t’ n
C o l’ n
M id.
U p l’s
ings, com m on
to fin e s t.
Tw ist.
Aug
1909.
* lbs. Shirt
32s C op
d.
s. d.
d.
d. s. d.
6*@ 10 5
8.09
8.05
*
*
@
@
8
*
9
4
4
5 * @ 1 04
5 @ 10 4
5 @1 0 4 *
5*@ 10 6
0 @ 10 7
7.86 8 *
7.92 8 *
7.94 9 *
7.97 8 %
8.16 9 *
@
@
@
@
@
9*
9*
9*
9*
9*
4
4
4
4
4
6
8.07
@
9 * 4 10
@ 10
6
@ 10 7-
8
8
9
M id .
U p l's
ings, com m on
to fin e s t.
Tw ist.
9
9
s. d.
11
11
@ 8
@ 8
10 @ 9
10*@ 9
11 @ 9
10 © 9
10*@ 9
@9
d.
5 .9 6
6.06
0
1*
3
2
3
6.33
6.75
6.72
0.48
0.73
2
6.69
SHIPPING NEWS.—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 23,637 bales. The shipments in detail, ns made
up from mail and telegraphic returns, are as follows:
T o ta l b a le s .
NEW
Y O R K — To Liverpool— July 2 9 — Arabic, 3 , 2 1 6 . ..A u g . 2—
Caronla, 3,443 upland, 49 f o r e ig n ..________ ___ _______________ 6,708
T o H avre— July 3 0 — St. Laurent, 3 ,9 6 0 _________________________ 3 ,960
T o Bremen— Aug. 3 — Prlnz Friedrich W ilhelm , 3 ,2 4 1 .................. 3,241
T o Hamburg— July 29— Kalserln Augusta Victoria, 2 5 _________
25
T o Barcelona— July 2 9 — Aflanta, 2,796; Fcderlca, 3 ,4 6 8 _______ 6,264
To Genoa— July 2 9 — Konlg Albert, 3 0 0 _____________ _____________
300
N E W O R L E A N S — To Antwerp— July 29— Cayo Gltano, Jo_________
50
T o Genoa— Aug. 5 — Dora Baltea, 2 ,3 0 0 __________________________ 2,300
S A V A N N A H — To Hamburg— July 29— Zvfra, 1 0 0 . . _____ __________
100
B O S T O N — To Liverpool— Aug. 1— Ivcrnla, 1 0 4 ...A u g . 3 — Georg
ian, 7 5 ---------------------------------------------------------------------------------------------179
10
T o Yarm outh— July 2 8 — Prince George, 1 0 ---------------- --------------- -P H I L A D E L P H IA — To Manchester— July 11 — Manchester Port, 300
300
T A C O M A — T o Japan— Aug. 3— Suverlc, 2 0 0 ------------ -------------------------200
COTTON CONSUMPTION AND OVERLAND MOVE
T o ta l.................................................................................................- .............. ......... 23,637
MENT. TO AUGUST 1.—Below we present a synopsis of
LIVERPOOL.—By cable from Liverpool we have the fol
the crop movement for the month of July and the eleven
months ended July 31 for three years:
lowing statement of the week’s sales, stocks, &c., at that port:
1909-10.
1908-09.
A u g . 8.
W eek .
Bombay___ —
P «•nor/o
nzporiis
fro m —
B om bay1909-10..
1908-09..
1907-08..
Calcutta—
1909-10..
1908-09..
1907-08..
Madras—
1909-10..
1908-09..
1907-08..
AH others—
1909-10..
1908-09..
1907-08..
1909.
1910.
R eceipts a t —
.............
S in ce
S ept. 1.
10,000 3.148.000
W eek .
_____
_____
_____
W eek .
3,000 2,093,000
S in ce
S ept. 1.
14,000 2,038,000
S in ce Septem ber 1.
F o r the W eek .
C on ti
G reat
Britain. nent.
1908.
S in ce
S ep t. 1.
Japan
bC iiina Total.
Great
B ritain .
C on ti
nent.
13,000 15,000 28,000
7,000 11,000 18,000
10,000 2,000 12,000
95,000
24,000
28,000
975,000
580,000
641,000
Japan
A China.
Total.
894,000 1.964,000
667,000 1,271,000
430,000 1,099,000
_____
_____
_____
1,000
1,000
_____
.........
1,000
1,000
_____
5,000
6,000
5,000
50,000
45,000
25,000
48,000
31,000
20,000
103,000
82,000
50,000
_____
_____
” ____
_____
__
1,000
.........
_____
1,000
2,000
4,000
7,000
10,000
22,000
28,000
28,000
1,000
13,000
9,000
27,000
48,000
47,000
3,000
5,000
6,000
_____
3,000
32,000
313,000
302,000
265,000
15,000
80,000
37,000
360,000
410,000
325,000
2,666
•
Y,66o
1,000
2,000
1,000
8,000
8,000
28,000
23,000
Total all—
1 9 0 9 -1 0 ..
1908-09..
1907-08..
17,000 15.000 32,000
Y.666 13,000 14,000 28.000
3.000 16.000 3,000 22,000
136,000 1,360,000
65,000 955,000
66,000 959,000
958,000 2,454,000
791,000 1,811.000
496,000 1.521,000
S aturday.
S p ot.
1■sBa:
INDIA COTTON MOVEMENT FROM ALL PORTS.
J u l y 22.
J u l y 29.
A u g . 5.
22,000
22,000
1,000
3,000
18,000
6,000
28,000
439.000
347,000
15,000
8,000
37,000
19,000
34,000
.. .
1,000
28,000
3 ,0 0 0
47,000
4 12,000
321,000
22,000
16,000
30,000
8 ,000
6,000
17,000
12,000
41,000
458,000
366,000
16,000
11,000
37,000
20,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
M on d a y.
T u esda y.
| JO w
58,558
38,689
Gross overland for J u ly ..................... bales.
45,311
Gross overland for 11 m onths------------------- 1,127,084 1,610,518 1,149,671
27,846
27,166
Net overland for Ju ly--------------------------------29,579
847,683 1,360,828
Net overland for 11 months_______________
897,156
146,474
96,854
Port receipts In J u l y .„ ------------------------------133,623
Port receipts In 11 m onths----------------------- 7,248,925 9,791,174 8,220,126
121,747
163,467
Exports In Ju ly------------------------------------------120,840
6,009,992 8,346,029 7,321,992
Exports In 11 m onths_____________________
259,483
256,136
Port stocks on July 3 1 -------------------- ---------214,463
Northern spinners’ takings to Aug. 1 ------- 2,145,436 2,760,817 1,863,459
Southern consumption to A u g. 1 ------------- 2,281,000 2,344,000 2,131.000
Overland to Canada for 11 months (In
107,081
cluded In net overland)________________
122,108
102,517
1,915
Burnt North and South In 11 months____
8,635
Stock at Northern Interior markets A u g. 1
14,038
10,475
235,320
285,020
Came In sight during July............... ..............
290,709
Am ount of crop In sight A u g. l ___________ 10,362,608 13,489,002 11,299,784
339,844
Came In sight balance season____________
282,045
13,828,846 11,581,829
Total c r o p _____ ______ _____________________
513.32
505.98
Average g r o s s weight of bales____________
509.02
481.98
489.32
Average n e t weight of bales........ ...................
486.02
J u l y 15.
Sales of the week_______ bales . 24,000
____
Of which speculators took . _
Of which exporters took— .
6,000
Sales, American_______________ . 20,000
Actual export........ ....................... . 12,000
Forw arded____________________ . 45,000
Total stock— Estim ated______ 493,000
Of which American________ .3 9 6 ,0 0 0
Total Imports of the week___ . 37,000
Of which American............... . 12,000
Am ount alloat________________
40,000
Of which Am erican............... . 22,000
Moderate
demand.
Mld.Upl’ds
Sales.........
Spec.&exp.
HOLI
DAY.
HOLI
DAY.
F u tures.
Market
opened
1
/
Market
4
P. M.
)
)
J
W ednesday. Thursday.
More
demand.
Moderate
demand.
F rid a y.
Quiet.
8.17
8.20
8.19
8.07
6,000
500
8,000
500
7,000
500
6,000
300
Steady at
7 @ 9 pts.
advance.
Steady at
*@ 2*
pts. adv.
Quiet at
3@0*
pts. adv.
Steady at Barely st’y Firm at
5@ 9*
at 0 * @ 9
* ® 5 pts.
pts. adv. pts. dec.
advance.
Irreg. at
2 @ 7 pts.
advance.
Irreg.unch.
to 3 * pts.
adv.
The prices oi iutures at Liverpool ior each day are given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
T h e p r i c e s a r e g iv e n i n p e n c e a n d lOOtfts.
July 30
to
Aug. 5.
Sat.
Tues.
yi 1 2 * 12^ 1
d.
August - A u g .-S ep .
Sep .-O ct .
O c t.-N o v .
N ov .-Deo.
D ec.-Jan..
Jan .-Feb..
Feb.-M ch.
M ch.-Apr.
Apr .-M ay.
May-Juno
Mon.
4
p.m . p.m . p.m . p.m .
12
d.
H O L I
DAY.
d.
12*
p.m .
1 d.
H O L I
DAY.
d.
7
7
7
7
7
7
7
7
7
7
7
85*
62
31 *
16
06
03*
03
02*
02*
02
02
T h u s , 7 85 m e a n s 7 85-100d .
W ed.
Fri.
Thurs.
4
1 2tf
4
4
4
12X
12 H
p.m . p.m . p.m. p.m . p.m . p.m. p.m .
d.
d.
82*
59
31*
15*
06
03*
03
02*
02*
02
02
88
66
38
22*
13
11
10*
10*
10*
10
10
d.
87 *
65*
30*
24
15
12*
12
12
12
11*
11 *
d.
d.
d.
86*
65
34*
19 *
11 *
09
08 *
08 *
08 *
08*
08 *
80*
59
30*
15
06*
04
03 *
03 *
03 *
03
03
d.
75
54
23*
09
00*
98
97*
97*
97*
97
97
85*
63
31
16*
08
05*
05
05
05
04*
sm
BREADSTUFFS.
F r i d a y , A u g . 5 1910.
There was a slight decline in wheat-flour prices during the
week. Offerings for forward shipment from the interior
showed enlargement and mill representatives manifested
greater willingness to sell. In fact, some of them were in a
mood to make price concessions. This tendency was largely
traceable to the decline in cash-wheat values, owing in part to
fairly heavy receipts at primary points. Finding it easy
to secure larger supplies of wheat on more favorable terms,
millers became more anxious to sell. At the decline a fair
business was accomplished in choice strong Kansas and Okla
homa straights to arrive. There was comparatively no
pressure to sell choice soft winter-wheat flour, as it has been
down to a big discount compared with hard-wheat flour.
There was a moderately active trade in choice spring patents,
but at rather lower figures, mainly brought about by re
ports of more satisfactory threshing returns; yield and quality
being somewhat better in some places than expected.
Wheat fell to lower levels and especially prompt deliveries
and near-by contracts, September having declined more
rapidly than December. This suggested for one thing that
dealers generally were inclined to “ run away” from the actual
cash property. Whether this was partly fictitious could
only be conjectured. There were, however, many shrewd
traders who felt convinced that big Western speculators,
large millers and other prominent interests—barring the
farmer—were maneuvering for a decline. It was easy to
see that needless ado wras being made over the so-called
heavy primary receipts, which were actually only normal.
Of course, millers and elevator owners are generally
ready to use manipulative tactics at this season
in order to fill their bins, &c., at lowest possible cost.
Naturally they were quick to make capital of the dulness in
the flour trade and the limited interest on the part of ex
porters. It is true that little wheat has been taken recently
for prompt shipment, barring small lots of new red winter
via Baltimore and Philadelphia, but it is generally believed
that France will soon need to import on a fairly large scale
as the weather in that country has been unfavorable, and
hence it is asserted that the crop has been seriously injured.
Some authorities estimate the loss at over 50,000,000 bushels,
and consequently it has been predicted that the duty in that
country would be greatly reduced, if not taken off wholly.
Therefore there has been a wide difference of opinion as to
the probable import requirements for the cereal year. It is,
in snort, too early to form a definite opinion, some of the
guesses ranging between 20,000,000 and 40,000,000 bushels,
' against nothing in ordinary seasons. Nevertheless exporters
to France have bought little or nothing in this market, but
have, it was asserted, made fair contracts on the Pacific coast.
However, the bulk of the French buying thus far embraced
mainly off-coast cargoes on the London market.
The stronger tendency in European markets was also
partly traceable to reports that the recent bad weather had
cut down the yield in Russia and hence the exportable surplus
had been reduced. In addition there has been some fear in
Argentina owing to dry weather, but no definite particulars
were given. On the whole, most all signs have pointed to
comparatively light world’s shipments in the near future.
It is now estimated that our crop will reach 624,000,000
bushels, embracing 200,000,000 bushels spring—a loss of
90,000,000 compared with last year—and 424,000,000 winter.
According to recent estimates by the Department of Agricul
ture it is thought that we will need for food and seed this sea
son 600,000,000 bushels. The heaviness in domestic markets
was ascribed in part to reports of more satisfactory threshing
returns from spring as well as winter-wheat territory. It was
declared that in numerous cases the yield and quality was
better than anticipated. Such reports naturally led to the
growth and spread of bearish sentiment. A few so-called
experts in the Northwest estimated the yield in the three big
States—Minnesota and the Dakotas—at 148,000,000 bush
els, against previous estimates as low as 135,000,000 bushels.
The early depression was partly chargeable to the large in
crease in the visible supply and the big addition to the world's
available supply—4,900,000 bushels, against 623,000 last
year. To-day materially stronger feeling was developed,
prices recovering sharply,all the early decline being regained,
and more too. The sudden and radical change was ascribed
to light offerings and the anxiety of short sellers to cover.
It was easy to see that the bear element had been over-con
fident and aggressive and had over-sold. Buying was stim
ulated partly by higher cables and partly by a big rise in
Winnipeg consequent upon reduced estimates as to the yield
in Manitoba and the Northwestern Provinces.
D A IL Y C LO SIN G P R IC E S O F W H E A T F U T U R E S IN N O W Y O R K .
S a t.
M on.
T u es.
W ed . T h u rs. F r t.
100X
109 %
1124
No. 2 red winter.............. . . ............... 1 0 9 ' 4 1 0 8 }* 1 0 7 4 107** 107 4
September delivery In elevator____ 1 0 8 }* 1 0 7 4
106 }* 1 0 7 4 107 }*
December delivery In elevator____ 1 1 0 4 1 1 0 4
1 0 9 4 109J* 1 1 0 4
D A I L Y C LO SIN G P R IC E S O F W H E A T F U T U R E S I N CHICAGO.
S a t.
.September delivery In elevator____ 10 3 4
December delivcrv In elevator____ 104 4
M ay delivery In elevator.................... 108 4
347
THE CHRONICLE
A ug. G 1910.]
M on.
102 4
104 4
108}*
T u es. W ed .
1 0 0 4 101 4
1 0 2 4 104 4
107}* 108 4
T h u rs. F r t.
102 4
104
1
1004
105
100
110}*
Conspicuous dulness and narrowness were the main
features in the local corn market early in the week. De
mand was lifeless at the outset and with offerings larger a
slightly weaker feeling was noticeable. Most traders were
inclined to sell more freely, prompted chiefly by a declining
tendency in the West, where the weather and crop prospects
were more favorable. Most of the time temperature was
lower nearly all over the belt, while there was moderately
heavy rainfall where moisture was badly needed. Conse
quently it was estimated that appreciable benefit had been
done in many fields. Indeed, advices from numerous credi
ble sources were more encouraging, and hence it was as
serted that farmers were showing far more willingness to
part with their reserves. Nevertheless, crop estimates in
circulation showed that a materially lighter crop was ex
pected than indicated a month ago, some guessing the pro
duction at 2,858,000,000 bushels to 2,900,000,000 bushels,
against over 3,000,000,000 bushels suggested last month.
To-day the market was moderately active and firmer but
largely in sympathy with the West and the higher trend in
wheat.
D A IL Y C LO SIN G PR ICE S~O F N O . 2 M I X E D C O R N I N N E W Y O R K .
Cash corn________________ ___________
September delivery In elevator____
S a t.
73 4
72 4
M on.
704
72 4
T u es.
714
70 4
W ed . T h u rs. F r t.
714
714
73
70 4
714
714
D A IL Y ' C LO SIN G P R IC E S O F C O R N F U T U R E S IN CHICAGO.
S a t.
M on.
63 4
September delivery In elevator____ 64
December delivery In elevator____ 61 H
May delivery In elevator___________ 63 4
T u es.
02 4
00 4
61 4
61 4
63 4
W ed . T h u rs.
02 4
024
00
00 4
01%
02
F rt.
63 4
60 4
02 4
There was no animation in'the market for oats futures in
Western markets. At times traders displayed limited
interest and as a consequence the variations were slow and
unimportant. Temporarily the trend was downward, partly
owing to the favorable weather West and partly because of
the brighter outlook for the corn crop. Selling was partly
stimulated by reports that farmers were making bigger
deliveries to country stations. To-day the market was
firmer, with sellers for the decline inclined to take in profits.
D A I L Y C LO SIN G P R IC E S O F O A T S IN N E W Y O R K .
S a t.
M on.
T u es.
W ed.
T h u rs.
46-48
Natural w hite_________ 4 0 4 - 4 9 4 6 }* -4 9 46-48
W hite clipped, 34 to 36
lbs____________________ 48-48 4 48-48 4 4 8 -4 8 }* 48-48 4
D A IL Y
F rt.
46-48
46-48
4 8 -4 8 * * 4 8 -4 8 }*
C LO SING P R IC E S O F O A T S F U T U R E S IN CHICAGO.
S a t.
M on.
07 4
September delivery In elevator------- 37 4
December delivery in elevator-------38 5*
May delivery In elevator___________ 41
T u es.
00 4
37 4
40 4
38 5*
414
W ed . T h u rs.
00 4
304
F rt.
07 4
38
40 5*
38 5*
415*
38 . ,
404
The following are closing quotations:
Winter, low {Trades____ 53 25 (
Winter patents................ 5 30(
W inter straights_________ 4 750
W inter clears___________ 4 00 (
Spring patents__________ 5 90 (
Srlng straights__________ 5 2 5(
Spring clears..................- - 4 50 0
FLOUR.
Kansas straights, sack_?4
Kansas clears, sacks___ 4
City patents____________
R ye flo u r................ ............4
Graham flour___________ 4
Corn meal, kiln d r ie d .. 3
9 0 © $5 20
0 0 © 4 40
Nominal
1 0 @ 4 50
1 5 © 4 25
4 5 © 3 50
G R A IN .
Corn, per bushel—
W h ea t, per bushel—
N o. 2 m ix e d _______ elev.
N . Spring, N o. 1 ................. 51 26 5*
N o. 2 y e llo w ____ f.o .b .
N . Spring. N o. 2 ................. 1 25 4
N o. 2 w h ite ______f.o .b .
Red winter, N o. 2 ................ 1 09
R ye, per bushel—
Hard winter. N o. 2 ________ 1 11}*
No. 2 W estern___ f.o .b .
Oats, per bushel—
C e n ts .
State and Jersey_______
Natural white_________
46 © 4 8
Barley— Malting..................
W hite clipped.................. 48 @ 5 2
Feeding, c .I .f., N . Y . _
Mixed___________________ Nominal
C en ts.
73
Nominal
Nominal
85
Nominal
65 @ 7 0
Nominal
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August 1 for each of the last three years have been:
R eceipts a t —
Oats.
C om .
W heat.
F lou r.
B a rley.
R ye.
bbls.lOOlbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushASlbs. b u . 56 lbs.
101,760
55,950
23,616
34,234
279,025
279,639
178,800
1,991.300
266,900
7,165
243,430
62,250
56,448
100,690
482,800
391,600
164,100
201,000
84,400
135.999
112,680
2,386,934
3,111,956
2,290,837
3.766.683
1,771,277
2,736,335
1.341,250
92,660
3,272
1,213
55,750
42,800
............
2,070,100
222,610
448,137
1,263,890
214,000
19,325
26,812
962,798
131,061
3,368,400
337,735
360,238
395,713
8,727,133
8,753,178
7,117,162
Chicago____
Milwaukee..
Duluth.........
Minneapolis.
Toledo.........
Detroit.........
Cleveland . .
St. L o u is...
Peoria.........
Kansas City.
146,970
65,625
22.105
Total w k .’ lO .
Same wk. ’09
Same wk. ’08
.
________
18,000
6,120
15,050
_________
............. _________
_________
2,800
8,400
5,500
4,400
545,279
363,310
427,258
49,070
41,230
91,893
Since Aug. 1
1909 -10 ... 20,161,328 256,331,511 184,039,739 93,701,043 81,277,072 6,846,238
1908 -09 ... 20,501,246 226,549,292 152,861,633 164,145,865 82,099,980 6,339,626
1 907 -08 ... 18,585,135 224,316,535 122,769,279 185,893,786 62.358,202 6,724,874
Total receipts of flour and grain at the seaboard ports for
the week ended July 30 1910 follow:
F lou r,
R eceipts a t—
New Y o r k ..............
Boston....................
Philadelphia.........
Baltimore................
Richmond..............
New Orleans * ____
Galveston...'_____
Mobile......................
Montreal..................
661s.
141,638
79,349
36,718
32,388
943
13,134
W heat,
bush.
C om ,
bush.
O ats,
bush.
B a rley,
bush.
R y e,
bush.
254,200
78,925
3.000
24,491
30,742
43,976
281,500
3.000
6,500
133,395
365,100
63,000
79,579
6.033
23,700
98,300
65,813
1,150
134,090
45,280
256,852
433,040
42,658
26,000
‘ 1,566
24,455
258",825
Total week 1910.. *270.125 1,271,575
Since Jan 1 1910 9,375,270 38,079,557
Week 1909 ........... 209,110 1,438,426
Since Jan. 1 1909.-8,231,609 37,617,691
4,574
605,529
769,802 111,153
5,724
25,164,998 26,432,430 2026,033 426,680
320,489
621.084
44,512
47,168
28,243,042 25,356,748 4189,859 484,203
* Receipts do not Include grain passing through New Orleans for foreign ports
on through bills of lading.
348
THE CHRONICLE
[V O L . L X X X X I .
The exports from the several seaboard ports for the week slow expansion of the volume of business doing and at the
ending July 30 1910 are shown in the annexed statement:
persistency with which most buyers confine their attention
W heat,
C orn,
F lou r,
O ats,
R y e, B a rley,
F eas
to such spot goods as are available and at their reluctance
E xp orts f r o m —
bush.
bush.
bbls.
bush.
bush.
to follow the upward movement in values for forward con
New Y o rk ______
57,803
7,352 32,431
8,728
755
Boston..................
62,914
893
tracts.
As a result some of the highest prices now asked by
Philadelphia____
82,000
15,000
manufacturers in staple lines are more or less nominal with
Baltimore_______
16,000
1,000
1,908
New Orleans____
the position made difficult, owing to the fact that, although
209,300 10,881
50
80
Galveston......... __
5,172
............
actual business has not established these as a trading basis,
..........
.........
M obile..................
6,500
1,500
Montreal________ 282,000
the condition and prospects for the market for raw material
17,000 34,000
10,000
21,000
4,000
apparently more than fully justify the extreme advances
Total w e e k .... 500,717
241,152 101,785
18,778
21,000
4,835
Week 1909 . .
held for. The situation at first hands is not easily explained.
854,493
65.686 80.933
41,510 25,670
1.200
The destination of these exports for the week and since Reports from distributing centres throughout the country
indicate a considerable business in progress, and, as pre
July 1 1910 is as below:
viously noted, jobbers and other buyers, who have goods
--------- F lo u r ---------- Corn ------------S in ce
S ince
due to them on existing orders, are pressing for deliveries,
S in ce
W eek
J u ly l
W eek
J u ly 1
W eek
and when placing new orders require shipment forthwith
E xp orts fo r week and J u ly 30.
1910. J u ly 30.
1910. J u ly 30.
1910.
S ince J u ly 1 to —
bbls.
bbls.
bush.
bush.
wherever the merchandise is available. With such stock
bush.
United Kingdom.. 34.340
166.670
391.117 1.932,446
17,000
206,714
conditions as here indicated, and a steady business in progress
90,602
Continent..........._.
61,008
13,640
376,329
102,841
in other markets, buyers here might be expected to hold
Sou. & Cent. Amer. 11,099
60,158
13,998
23,998
202,480
575,825
West Indies_______ 28,252
85,051
20,732
107,654
more liberal views in regard to the future and to act more
505
generously upon them. Commission men and mill agents
14,618
Other Countries____ 14,454
5,000
5,000
940
1,951
hold the opinion that this policy of conservatism cannot
Total____________ 101,785
388,010
500,717 2,337,773
241,152
994,985
much longer be rigidly adhered to; but this has no effect
379,752
854,493 3,210,471
Total 1 9 0 9 ............ 80,933
65,686
444,668
The world’s shipments of wheat and corn for the week upon the mills, and the curtailment of production continues
ending July 30 1910 and since July 1 1909 and 1908 are of a very pronounced character, while the market now is
comparatively bare of ready supplies. In the woolen goods
shown in the following:
division there have been no developments introducing any
new feature into the general situation, and the conditions
W heat.
C orn.
recently established appear likely to prevail for some weeks
E xp orts.
1910.
1909.
1910.
1909.
at least. In local jobbing circles further sales of the TefftWeller stocks by the H. 13. Claflin Co. have been held, and
W eek
S in ce
S in ce
W eek
S in ce
S in ce
J u ly 1.
J u ly 30.
J u ly 1.
J u ly 30.
J u ly 1.
J u ly 1.
the rapidity with which these have been closed out has been
a satisfactory feature.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
North Amer. 1,049,000
5,594,000
7,237,000 438,000
1,700,000
497,000
Russian____ 2,760.000 15,816,000
DOMESTIC COTTON GOODS.—The exports of cotton
9,184,000 298,000
1,264,000
3,424,000
Argentine . . 1,656,000
4,424,000
8,232,000 3,188.000 10,105,000 16,945,000 goods from this port for the week ending July 30 were 2,153
Danublan . .
810,000
3,621,000
624,000 383,000
6,547,000
4,553,000
packnges, valued at $155,478, their destination being to the
Indian_____ 2,000,000
0,896,000 10,984,000
Australian. _ 560,000
2,160,000
1,008,000
points specified in the table below:
Oth. countr’s
61,000
336,000
840,000
-----1010----Total......... 8,929,000
38,850,000
38,109,000 4,307,000
19,976,000
25,419,000
The quantity of wheat and corn afloat for Europe on dates
mentioned was as follows:
W heat.
July
July
July
Aug.
Aug.
30
23
31
1
3
1910..
1910..
1909..
1908..
1907..
C orn.
U nited
K in gd om .
Continent.
Total.
Bushels.
Bushels.
B ushels.
22.320.000 7.920.000 30.240.000
22.320.000 7.520.000 29.890.000
17.920.000 12,180,000 30.400.000
14.400.000 9.120.000 23.520.000
19.840.000 9.600.000 29.440.000
United
K ingd om .
B ushels.
7.395.000
6.800.000
7.565.000
7.140.000
8.240.000
C ontinent.
Total.
Bushels.
Bushels.
10.625.000
10.030.000
12.410.000
0,515,000
10.880.000
18.020,000
16.830.000
19.975.000
13.685.000
19.120.000
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports July 30 1910, was as follows:
AMERICAN GRAIN STOCKS.
W heat,
bush.
New Y o rk ____ ..............
Boston_______ _______
Philadelphia . . ..............
Baltimore_____ ..............
.............
.............
Buffalo............. ..............
.............
Detroit________.............
Chicago_______________
Milwaukee____ .............
Duluth________ .............
Minneapolis___ .............
St. Fouls______.............
Kansas City___ .............
I’corla............. .._______
Indianapolis . . . .............
On Cakes ____ .............
On Canal and River.. .
281,000
96,000
292,000
1,007,000
11,000
30,000
382,000
229,000
151,000
2,390,000
202,000
1,734,000
2,838,000
404,000
1,491,000
1,000
116,000
651,000
39,000
.
C orn,
bush.
Oats,
bush.
R ye,
bush.
Barley,
231,000
47,000
9,000
93,000
213,000
4,000
381,000
34,000
117,000
448.000
140,000
168,000
3,000
45,000
102,000
92,000
1,000
17,000
152,000
21,000
61,000
505,000
20 000
314,000
786,000
346,000
268,000
20,000
17,000
111,000
92,000
871.000
210,000
100,000
61,000
lfiO 000
54,000
186,000
198,000
Total July 30 1910.. 12,375,000
3,770,000
2.761,000
Total July 23 1910.. 10,082,000
3,909,000
3,016,000
Total July 31 1909.. 7.609,000
2,706,000
3,800,000
CANADIAN GRAIN STOCKS.
W heat,
bush.
C orn,
bush.
Montreal_______.............
675,000
Fort W illiam ................ 1,827,000
Port Arthur___ _______ 1,346,000
Other Canadian._______
505.000
20,000
Total July 30 1910.. 4,353,000
Total July 23 1910.. 4,376,000
Total July 31 1909.. 1,622,000
20,000
14,000
81,000
SUMMARY.
Oats,
bush.
16,000
20,000
5,000
9,000
2,000
59,000
110,000
4,000
33,000
37.000
315,000
239,000
34,000
15,000
140,000
243,000
290,000
93,000
R ye,
bush.
995,000
850,000
273,000
B a rley,
953,000
153,000
953,000
950,000
262,000
153,000
159,000
112,000
W heat,
bush.
C orn,
bush.
Oats,
bush.
3,770,000
20,000
R ye,
bush.
Barley.
American ......... ............ 12,375,000
Canadian ........................ 4,353,000
2,761,000
953,000
243,000
995,000
153,000
3,714,000
3,966.000
4,062.000
1,520,000
2,759,000
4,696,000
5,592,000
213,000
296.000
93,000
100,000
621,000
1,447,000
744,000
1,148,000
1,009,000
385,000
510,000
420,000
1,110,000
589,000
Total
Total
Total
Total
Total
Total
Total
July 30
July 23
July 31
Aug. 1
Aug. 3
Aug. 4
Aug. 5
1910.-16,788,000
1910.. 14.458.000
1909.. 9,231,000
1908.-16,174,000
1907..48,313,000
1906.-29,684,000
1905.-13,715,000
3,790,000
3.923.000
2.787,000
2,078,000
7,556,000
4,338,000
4,792,000
----- Mgf -----
T H E D R Y G O '» D S T R A D E .
N e w Y o r k , F r i d a y N i g h t , A u g . 5 1910.
The improvement in the general tone of the cotton goods
division of the market recently noted has been fully main
tained during the past week, with, in some instances, a fur
ther hardening in prices. At the same time, however, there
is disappointment expressed in various directions at the
N e w Y o r k to J u l y HQ—
W eek .
7
Great Britain_____________________________
Other Europe_____________________________
7
China.............................................. ..................................
India
_____________
Arabia_____________________________________ 165
A f r ic a __________________________
48
W est Indies______________________________
300
Mexico__________________________
23
Central Am erica__________________________
400
South America____________________________ 800
Other countries_____ _____________________ 324
T otal..................................................................2,153
S in ce
J a n . 1.
1,271
022
42,707
8,415
7,004
2,028
10,142
1,100
5,070
28,801
25,100
140,057
3,330
235,007
The value of these New York exports since Jan. 1 has been
$9,631,055 in 1910, against $12,777,009 in 1909.
The home demand for heavy brown sheetings and drills
has been of moderate extent only, and little business for ex
port has been reported in these. Prices arc firm, but can
hardly be quoted better than they were a week ago, and ex
treme rates held for are not always realizable. Lower grade
denims are in occasional fair request, but the demand for
higher cost goods is limited, and in other coarse, colored
cottons a moderate business was reported with prices main
tained. Bleached muslins show an ordinary business passing
at fully previous prices. In printed fabrics new lines of per
cales have been opened for next season, and in most instances
show a decline compared with previous season of y 2c . a yard.
Staple prints are steady, and a fair business in fancy lines for
next season is recorded. Fine dress ginghams and zephyrs
are also doing fairly well for the new season. In gray goods
for printing and converting purposes lots from second hands
have been generally cleaned up, and previous irregularity in
prices mostly disappeared, with 38J^-inch 64 squares now
regularly bringing 5 % c . The demand for cotton yarns
shows an expanding tendency, and spinners are generally
asking higher prices. Stocks of yarns available for quick
shipment appear to have been very materially reduced.
WOOLEN GOODS.—Although there arc still some lines
of goods to be opened for the new season, the display is now
so general in men’s wear woolens and worsteds that there
is little to retard buyers from placing their orders, so far
as opportunities available at the selling end are concerned.
This has not led to any material increase in business, and the
demand coming forward is so irregularly distributed that it
is evident buyers have no great degree of confidence in the
future, even at the prevailing lower range of prices at which
the new season has opened. Some of the leading makes of
staples have done well, but in other directions results are
regarded as disappointing, particularly in fancy woolens, in
which only an occasional line appears to have attracted
buyers to any extent. Dress goods and cloakings continue
slow. There were expectations that the cloakmakers’ strike
might be settled this week, but up to the present time the
workers are still out, and an early agreement with I'
the em
ployers problematical. This keeps back business in
ir many
lines of dress goods and cloakings.
FOREIGN DRY GOODS.—Imported dress goods are
held firm by advices from the other side, but the business
doing here is limited. In men’s wear fabrics the market is
quiet. There is no change to be noted in silks or ribbons,
and linens are firm, with household and dress linens in steady
request for next season’s importations at full prices. Some
improvement in the demand for burlaps is noted at prices
previously prevailing.
349
THE CHRONICLE
A u g . C 1910. j
JU L Y BOND SALES.
P r ic e .
A m o u n t.
R ate.
M a tu r ity .
P a g e.
N a m e.
$12,000
2 2 7 - . A f t o n S c h o o l D is trict, O k la ______
95.000
2 2 7 . .A l b a n y , N . Y ____________________ 4
5.000
3 5 0 - .A l b o r n S ch . D ls t., M in n ___________
13.000
1 6 5 . - A l la l f a C o. S . D . N o . 65, O k l a .- 6
100
6.000
1930
2 8 7 - - A l t o n , 111_________________________ 4
100
15.000
1 91 5,’ 20 & ’ 25
2 8 7 . - A lt o n , 111.................... ..........................4
100
12.000
<11930-1950
_ 6 5 . - A l v i n , T e x ----------------------------------- 5
100.625
PUBLISHED WEEKLY.
4
0
.0
0
0
d
l9
3
0
-1
9
5
0
2 8 7 . -A m a r illo , T e x ____________________ 5
100
4.0 0 0
1914
1 6 5 .-A n n a p o lls , M il___________________ 4
Terms of Subscription— Payable in Advance
100
4,5 0 0
5 1 - - A r c o la Sell. D ls t., C a l___________ 6
100.166
15.000
2 8 7 - -A r e o la S ch . D ls t., I ll ___________ 5
F o r O no Y e a r ......................................................................................... ...............{ $
100.05
5.000
1915-1924
2 8 7 . -A s h la n d S ch . D ls t., O h io _______ 4
IS 00
100
11,050
1920
E u ro p e a n S u b s cr ip tio n (In clu d in g postage)
3
5
1
--B
a
r
t
h
o
lo
m
e
w
C
o
u
n
ty
,
I
n
d
______4
f
t
7 50
101.881
17.000
1913& 1916
E u rop ea n S u b s crip tion m x m onths (in c lu d in g p o s ta g e ).
8 . . B a y C ity , M ic h --------------------------- 5
..
£
2
14s.
A n n u a l S u b s c r i p t i o n i n L on d on (in clu d in g p o s t a g e ) .. .. ......... —
100
532.000
2 8 7 - -B a y o n n e , N . J ..............................- , 4 f t & 5
I s.
107 .355
3,4 5 0
S ix M on th s S u b s crip tio n in L on d o n (in c lu d in g p o s ta g e )........................I
1921-1927
6 0 . - B a y T o w n s h ip , O h io -------------------5
50
100
60.000
C a n a d i a n S u b s crip tion (in c lu d in g p osta ge) ................................................. s’ 1
•
d l9 3 0 -1 9 4 0
- 5 1 - .B e c k l e y , W . V a --------------------------- 5
100
100 .000
1915-1940
3
5
1
-B
e
d
f
o
r
d
C
ity,
V
a
--------------------------5
f
t
S u b scrip tion in clu d es fo ll o w i n g S u p p lem en ts—
100
10,000
d l9 3 0 -1 9 5 0
5 1 - - B e li C o. C om . S .D . N o .66, T e x , 5
100
15.000
B INK AND QUOTATION (m ou th ly )
I STATE AND C it y (sem i-an n u a lly)
1930
2 8 7 . - B e m ld jl, M in n ................................. 5
104.22
16.000
1913-1920
R a il w a y a n d in d u s t r ia l (q u a rte rly) E l e c tr ic R a il w a y (3 tunes yearly)
2 8 7 -.B c r e a , O h i o ....................................... 5
B a n k e r s ’ C o n v e n t io n (y e a rly )
103.63
5.000
1911-1920
R a il w a y E a r n in g s (m on th ly )
2 8 7 - -B e r e a , O h i o ---------------------------- -5
100
2.000
1911-1920
1 6 6 . -B e t t e r to n , M d ----------------------------- 5
100 .676
Terms of Advertising— Per Inch Space
85,000
1911-1930
288 _ . B e v e rly , Mass - . - - - - - - - -----------4
105 .579
14,500
1929-1937
1 6 6 . -B ig Spring T o w n s h ip , O h io -------- 4 f t
T ra n sie n t m atter p e r in ch sp ace (14 a gate lin e s) ........................................ f . i ?,?.
100
6,000
228 _ _B o o n v lllc , I n d -----------------------------4
( T w o M o n th s
(s t im e s )............................... jtj.
100.269
1
,0
0
0
,0
0
0
1950
”
1 6 6 - -B o s t o n , Mass
.
„
,
) T h re e M on th s (13 t im e s )............................... -vj "}{
4
1911-1930 1,829,0001 100
S ta n d in g B u sin ess Cards < g ix M o n th s
(2 0 t im e s )............................... 60 00
974 ,000
4
1911-1940
166.
(. T w e lv e M o n th s (52 t im e s )................
87 ou
235 ,000
4
1911-1930
35 1 .
C H I C A G O O F F I C E — P lin y B a r t le t t ,513 M o n a d n o ck B lo c k ; T e l. Ila r r ls o n 101
4
1911-1919
4,5 0 0
L O N D O N O F F I C E —E d w a rd s & S m ith , 1 D ra p e rs’ G arden s, E. C.
4
1911-1928
27,500 £100
4
1911-1920
75,000
3 5 1 . -B o s t o n , M ass. (6 Issues) - .
W IL L IA M
II. D A N A C O M P A N Y , P u b li s h e r s ,
1911-1921
11,000
4
3 5 1 . -B o s t o n , M ass-----------------■- -
*. O . B ox
.
F ron t, Pino und D c p e y s to r S ts ..
Now \ orli.
17,500
1911-1915
4
351 -B o s t o n , M ass. (4 Issues) . .
9,000
100
4 ■ d l9 1 5 - l 920
2 8 8 - .B r a c k e n C o u n ty , K y ............
40,000
2 2 8 - -B r u s h , C olo .............................
100
7,500
5
100
20,000
1911-1930
4
101.014
7,000
5 ft
100.088
150,000
1911-1940
4.55
166 .
10,000
98.30
4 f t d l9 1 5 -1 9 3 0
228 . . C a n ton ,
68,700
100.60
V a riou s
4 ft
28,000 V100
4 ft
100
2,500
1 9 1 2 -1 9 /5
6
101.85
27,000
1940
5
1 6 6 -.C h r is t ia n C o u n ty K y .
96.038
60,000
1911-1930
. 4 ft
1 6 6 . -C lc e ro -S tic k n e y T
105.683
500,000
1930
4 ft
V100
40,000
1911-1924
5
101.349
63,000
1 6 7 . . C o lto n , C a l.
101 .50
20,000
1940
5
100
5,000
d
l9
1
6
-1
9
3
0
3 5 2 ...C op peras C o v e I n d . S . D ., T e x . 5
100
8,000
d l9 3 0 -1 9 5 0
90
5,000
1930
6
101.621
18,500
1920
5
5
10,000
103.55
10,000
3 5 2 ..
C u nningham S c h . D ls t., C a5l..
100
25,000
6
3 5 2 . . C u shin g, O k l a ........ - - - ................
$ 1 1 0 0 0,0 0 0 4
26,000 1/100
4
1 6 7 ..
C u ya h o ga C o u n ty . O h io 100
75,000
1915-1930
6
2 2 8 . _ I)a d e C o u n ty . F l a . . - - ...............
4,000
2 8 9 ..
D a k o ta S ch . D ls t., C a l . . ...................
191119198,4 0 0
167 - . D a n b u ry T o w n s h ip , O h io . - - - - - o
22,000
100
2 8 9 ..
D aw son C o. S . D . N o . 6, M o n t . 5 1930
.............
191219176,700
2 8 9 ..
D a y to n , O h io ........................ ■?
20,000)
1915-1934
2 8 9 ..
D a y to n , O h io ......................... 4
8 .3 0 0 ) 100.966
1912-1919
2 8 9 ..
D a y to n , O h io ......................... ■>
10.000J
1914-1917
2 8 9 ..
D a y to n , O h io --------------------- 4
25.000 rrlOO
1940
2 8 9 - . D e tr o it, M ich ............. ................ - - - 3 >3
80.0 0 0
.............
d l9 3 0 -1 9 4 0
2 2 9 ..
D odge C ity, K a n s . - . - ...... 5
25.000
_______
1940
2 2 9 -.D o r m o n t S c h . D ls t., P a . . . - - - - 4 H
45.0
0
0
j/100.833
000 4
d
l9
1
9
1 0 7 - .D r u m m e r T w p . I I . S . D ., 1 1 1 -.. 5
20.000
100
229
D ry d e n U n. F r . S .D . N o .8 ,N .Y . 4
100,000
_______
2 2 9 : :D u l u t h I n d . S . D .. M in n ............. 4 M d l0 3 0 -1 9 4 0
21,000
101.08
289 D u n k irk , O h io .................... - ............5
1915-1935
20,000
.............
1 6 7 . . D y sa rt, I o w a . - ------------------------3 0 0 0 0 £100
2 8 9 ..
E a st O range, N . J - - - - - ............... 4 1950
10,000
100
2 8 9 ..
E a st S tro u d sb u rg S . D ., P a ------------4
10,000 102.0525
1915-1924
289
E llsw orth T o w n s h ip , O h io ...........4 f t
2,000
1916
1 6 7 _ .E lm a S ch . D ls t., W a s h ............. .. 6
100.017
250,000
1915-1936
2 2 9 ..
E rie C o u n ty , N . Y ........ - - - 4 f t
100.084
65,000
1911-1930
107. .
E rie C o u n ty , O h io ............... 4
100.248
12,500
d l9 2 0 -1 9 3 0
3 5 2 . . E u re k a , M o n t--------- - - - ------- --—
jj
105
75,000
1940
352 F a irm o n t, W . V a . (2 Issues)—
5
26,000
1917-1929
167 F a ribau lt C o u n ty , M in n ............... 5 f t
100
2,000
1915& 1916
1 6 8 . . F ra n k fo rt, N . Y ..................- ........... 4 .9 5
62,000
1930
3 5 2 . .F r e e p o r t , 111 - ...................................4 f t
101.29
15,000
1912-1919
2 9 0 . -F r e m o n t , O h io ............... - ..............4 f t
102.002
7,794
1914-1921
4
6
1 0 8 . . G allon , O h io ..................- ...................4 f t
103.77
2,984
108. .
G allon , O h io -------------------- 4 f t
,1924
100
1 9 1 0f,’t 111910,
&’ 12 11 & 1,800
229. .
Glen S ch . D lst. N o . 4 , N . Y ------------5
12
100
11,000
1945
1
6
8
_
.
G
lo
v
e
rsv
llle
,
N
.
Y
.
4
4 )4 s;
25,000
1915-1930
2 9 0 . -G o th e n b e rg S. D . N o . 20, N e b . 5
100
250,000
229. .
G ra yson C o u n ty . T e x ......- 4 f t
100.105
19,000
1915-1025
2 2 9 ..
G reen B a y , W I s .................... 4 f t
50.000
100.0625
1940
1 6 8 --G r e e n v llle , S o . C a ro ------------------ 5
12.000
100
1911-1915
168. .
G reen ville, S o .
C a ro ----------a
4 8 .000
100
1911-1915
2 2 9 --G r e c n v llle , S o . C a ro ......................o
90.000 100.0625
1940
28.000
103.75
1915-1934
2 9 0 -.G u llto r d T w p ., O h io --------4 ft
100.144
45.0 0 0
1915-1939
2 2 9 -.I I a m b u r g U n .F r .S .D .N o .l .N .Y , 4 ft
100.125
10.000
1940
3 5 3 -- I I a m m o n t o n , N . J -----------------------4 f t
100
14,408
1911-1914
3 5 3 ..
H a n c o c k , M i c h ----------------- 6
104.34
100,000
2 2 9 ..
H a r b o r S p e c. S ch . D ls t., O h i o . . 41915-1944
ft
102.625
27.000
2 2 9 ..
H a v re d c G ra ce, M d ---------5
--------------- -101.05
15.000
1 0 8 _ -IIa z le h u r s t, M iss-------------------------5
1911-1930
50.000
----------------290 H a z lc T w p . S ch . D ls t., P a ---------5
9.500
290 H a w a rd e n S ch . D ls t., I o w a -------5
1914-1920
100.815
84.0 0 0
2 9 0 -- I I e n r y C o u n ty , O h io ...................... 4 f t ------------------100.666
3.000
3 5 3 --H lg h g r o v e S c h . D ls t., C a l...........- ----------------100
89.000
2 3 0 . -H ig h la n d P a rk , M i c h .................... 3 f t
100.416
1.200
1 6 8 - - I I ln c k lc y T w p ., O h i o .................... 5 1911. 12& 13
100
102,874
1919
3 5 3 ,-I I o b a r t , O k l a . - - - - - - - - - - - - - - - 6
168
H o u sto n C o u n ty C o m . S c h . D lst.
1.000
d
l9
2
0
-1
9
3
0
N o . 56, T e x ................................ - a
168 H o u s to n C o u n ty C o m . S c h . D lst.
1,200
1930
N o . 60, T e x . . - - - - - - - - - - - - - 5
50.000
1930
1 6 8 . . H u n tin g to n I n d . S . D ., W . V a . 5
155,0001 102.677
1940
3 5 3 -.H u n t in g t o n , W . V a . (2 Issu e s). 5
2 2 5 ,0 0 0 /
V a riou s
3 5 3 . -H u n tin g t o n , W . V a ......................... 6
100.166
22,500
2 9 0 . - H y d e P a rk , Mass - - - - - ............. 4
103.20
55.000
230. .
1 .g le w o o d S c h . D ls t., C a l - . - — Y9Y1-1940
5
V100.50
46.000
a
l9
1
7
230 Io w a C ity In d . S ch . D ls t., I o w a 5
103 .333
9.000
353. .
1 0 . a S ch o o l D is t r ic t ,C a l.6
100.92
Y0 2 0-1924
5.000
F o r the
M o n th o f
M on th o }
F o r the
2 9 0 --J a n e s v llle , M inn
---------------------5
100
6,934
1910-1919
Seven
M
o
s
.
1
6
8
.
.
Jasper
C
o
u
n
ty
,
I
n
d
.............5
J u ly .
J u ly .
Seven M o s .
101.111
15.000
1915-1929
. $ 8 ,1 0 4 ,0 4 3 $86,047,708
3 5 3 . -J o h n s to w n , N . Y - - - - - - ............... 4 f t
10 1 0 _______ §3 ,501,530 $10 4,5 4 2 ,1 7 3 1 9 0 0 - - .
95
150.000
81,959,334
. . 18,613,958
1 ono
2O .I20.647 227 ,240 ,96 4 1 8 9 9 ..
291 _ .J u le sb u rg Irr. D ls t., C o l o . - - - - - 6
102.34
15.000
51,947,111
7,8 6 8 ,5 6 3
108. .
K ala m a zo o S . D . N o . 1, M i c h . . 4 la
1 g o 8 ............. 21 108 678 190 ,191 .25 7 1 8 9 8 .- - - 100
60,633
1911-1920
90,665,231
. 17,3 8 9 ,8 5 9
2 3 0 ,-K a n s a s C ity, K a n s ----- 5
1 0 0 7 ............. 10 352 457 131 .700 .34 6 1897 - .
100
_ . N o . 93, W ______
d l9 1 2 -1 9 1 5
2.500
48,490,451
5 ,3 1 3 ,4 9 5
2 9 1 . . K i n g C o. S . D
a s h .. 6
1 0 0 6 ............. 25 442 095 127 .780 ,34 0 1 8 9 6 .- - . .
100
55.000
7 2 ,3 6 6 ,2 7 3
1 5,374,660
1 6 8 ,- K l n g C o. S. D . N o . 162, W a s h . 4 f t d l9 1 5 -1 9 2 5
100 5............. 10 878 ,302 1 2 2 .601 ,35 6 1 8 9 5 . . .
102
20.000
7 4 ,6 8 0 ,2 2 9
8 ,2 5 3 ,2 3 7
2 9 1 ..K la m a t h Falls, O re ......................... 6
d l9 2 0 -1 9 3 0
1 0 0 4 : : : : : : 3 3 ,2 3 3 :2 5 4
1 7 1 , 1 0 2 .4 0 0 1 8 9 4 -,20.000
3
4
,3
5
4
,7
1
5
1
8
9
3
.
.
.
1
,691,600
190 3............. 15.6 7 0 ,2 4 0
» 6 .2 4 0 ,6 7 4
10b'.137
76.000
53,232,391
i 6 8 ' ' L a cc r o t s e ^ o t m Y y Y w i i : : : : : : : :
dYoYs - / § 2 5
4 ,1 3 9 ,1 0 0
1 9 0 2 - - - - - - 1 2 ,861,550 1 0 0 ,489 .94 5 1 8 9 2 - - . . . .
33.000
201 : : L a G range S ch . D lst 1 1 1 - - - - - - 4 f t
1921-1927
1901 - - - - 8 ,2 6 2 ,4 9 5
6 0 ,485,555
102
20.000
1 6 9 -.L a k e C ou n ty S . D . N o . 7, O r e - - 5
----------------4 0 .000
111.119
6,520
2 ^0
is Y u ^ j: : : : v
y g ra y o
100
100.000
10.0001 104.096
1
1
.0
0
0
/
2 9 i : ± i m a s c h ! D ls t.: O h io ..................- 5
1911-1921
15,000
1 6 9 --L ln e v llle , A la ------------------------------- 5
l 030
S t a t e aw »
C ity b e t a p t m e w t .
'^Ixe (P ttcm itlje.
Y9Y1-1925
1
958
MUNICIPAL BOND SALES IN JULY.
Our monthly table of municipal bond sales shows that
during July the disposal of such securities (exclusive of 87,
313,796 temporary loans, $4,000,000 “general fund” bonds
of New York City, 81,491,713 Canadian debentures and
8425,000 bonds of Porto Rico) aggregated $34,501,536.
This according to our records, is the largest output of
municipal bonds for July of any year, the last previous high
figure having been in July 1904, when $33,233,254 bonds
were issued.
Prominent among last month’s sales was New York State s
% 50-year canal bonds, which were sold on a
basis of 3.9679%. Of the total amount offered, however,
$2 242,000 had to be taken by the Comptroller as a sinking
fund investment in the absence of other bids. In addition to
this the State sold $200,000 5% 5-44-year (serial) Canaseraga
Creek bonds on a basis of 4.782%. Through unusual methods
the city of Philadelphia succeeded in disposing of $5,000,
% 30-year bonds at par over the counter, after having
failed to float an issue of $8,000,000 bonds inMay. One other
large sale negotiated during July was $4,173,500 4% bonds
by the city of Boston, Mass., at prices ranging from 100 to
100.269. Among other sales for the month were: Los An
geles, Cal., $1,530,000 4J^s; Bayonne, N. J., $532,000 4^s
and 5s; Cleveland School District, Ohio, $500,000 4J^s; Mil
waukee, Wis., (3 issues), $480,000 4J^s; South San Joaquin
Irrigation District, Cal., $459,500 5s; Oakdale Irrigation
District, Cal., $425,000 5s; Schenectady, N. Y., $300,000
^s; Huntington, W. Va. (3 issues),$380,000 5s and s; Erie
County, N. Y., $250,000 4^s; Grayson County, Tex., $250,
000
Memphis, Tenn., $260,000 4^s; Muskingum
County, Ohio, $225,000 4s; San Francisco, Cal., $260,000
4J^s; Middletown, Conn., $209,000 4s, and St. Lucie County
Fla.,’ $200,000 5s.
Conditions in the municipal bond market were not alto
gether favorable, and not a few new issues failed. Among
the unsuccessful offerings were: $800,000 4s of Cleveland,
Ohio; $580,000 (5 issues) of Pawtucket, R. I.; $500,000 5s of
Galveston County, Tex.; $500,000 4s of Louisville, Ky.;
$375,000 (5 issues) of Oklahoma City, Okla., and $250,000 4s
of Minneapolis, Minn.
The number of municipalities emitting bonds and the
number of separate issues during July were 239 and 347
respectively. This contrasts with 309 and 403 for June 1910
and with 392 and 485 for July 1909.
For comparative purposes we add the following table
showing the aggregates for July and the seven months for a
series of jears. In these figures temporary loans, and also
In the following tabic we give a list of July lbeirts to the
amount of $34,501,536, issued l?y Z3& mUiliciphlttics. In
the case of each loan reference is made to the, page in the
“ Chronicle” where an account of the sale is given.
.
mi-
(2
350
P a ge.
THE CHRONICLE
N a m e.
R ate.
[VOL. L X X X X I
M a tu r ity .
1911-1912
1911-1914
1911-1913
1911-1915
1911-1920
1940
1912-1920
C
c
A m oun t
P a g e.
P r ic e .
N am e.
R a te.
M a tu r ity .
A m o u n t.
P r ic e
$1,000
1919-1923
$ 19 ,000
100
2,000
100
. 5
<11920-1930
7,500
100
3 ,000
£ 5
<11930-1950
7,000
100
... 5
5,000
1914
2,000
101 .46
25,000
100
1911-1920
4
,0
4
0
100
291 ..L o n s d a l e ,
30,000
• 51* <11911-1930
10,600
100
6,000
101.508
172 . .Y o u n g s t o w n , O h i o . .
1914-1937
120,000
10 0 .0 2 5
1,53 0 ,0 0 0
1 7 2 ..
Y o u n g s to w n , O h l o . .
1911-1912
1,800
100.78
6,000
io ,
t ve
D - N o - 28> O k la .. 6
1930
172. .
Y o u n g s to w n , O h i o . . .
. 5
1911-1915
15,000
1 00 .046
2 9 1 _ _ L u eas C o u n ty , O h i o . . . ................ 4 ^
1911-1920
62,308
101.633
1 7 2 . -Y o u n g s t o w n , O h i o . .
. 5
1911-1915
410
102 .438
1 6 9 ..
L u cas C o u n ty , O h io ---------4 1*
1911-1920
21,260
102.003
1 7 2 ..
Y o u n g s to w n , O h i o . . .
. 5
1911-1915
2,2 7 5
1 02 .109
- L u ca s C o u n ty , O h io -------------------4 1*
1911-1920
35,373
101.881
2 3 0 ..
L u ca s C ou n ty , O h i o . ........ 4 1 *
...............
12,658
100.914
T o t a l b o n d sales fo r J u ly 1910 (239 m u n icip a litie s,
2 5 3 ..
M c K lttr lc k S ch . D ls t., C a l.................8
. . 3,0
. _______
00
105.24
c o v e r in g 347 separate is su e s )....................................... fc$ 34,501,536
3 5 3 ..
M alden , M ass____ _________ 4
1940
3 5.000
101.22
d S u b je c t t o call In a n d a fte r the earlier
3 5 3 ..
M alden, M ass__________
_
4 10.000
1911-1920 a A v e ra ge d ates o f m a tu r ity ,
101.22
y
e
a
r
a n d m atu re In the later y e a r ,
fc N o t In clu d in g $ 7 ,2 6 3 ,7 9 6 o f t e m
*>00-.M a id e n , M ass. (2 issu es)________ 4
1911-1915
10,000
101.22
p o r a r y loans re p o rte d a n d w h ich d o n o t b e lo n g In th e list, x T a k e n b v
4
2 3 0 ..
M arlon , O h i o ____
4,500
100
sin k in g fu n d as an In ve stm e n t,
y A n d o th e r co n sid e ra tio n s.
2 3 0 ..
M arlin S c h . D ls t., T e x . ... 5
<11926-1956
15.000
100
2 3 0 ..
M a son tow n , P a . (2 Issues)_________ 4 1*1940
25.000
R E V IS E D T O T A L S F O R P R E V IO U S M O N TH S.
2 9 2 ..
M em ph is, T e n n _______ . _ 4 1 *
1950
260,000
2 3 0 ..
M ercer C o u n ty , O h i o ____ 4 1 *
1911-1915
57.000
101.098
The following items, included in our totals for previous
2 9 2 . .M id d le s e x C o u n ty , M ass________ 4
1910-1916
3 5 ,000 100.0331
months, should bo eliminated from the same. We give the
2 9 2 ..
M id d le to w n , C o n n ________ 4
1930
209,000
100
1 6 9 ..
M id d le to w n , O h io ________ 4 1*
1912-1946
35.000
page number of the issue of our paper in which the reasons
105.761
1 69 __M lllersbu rg, O h i o _______________4
1916-1923
8,000
100.20
for
these eliminations may be found.
1 0 9 ..
M ilw au kee, W ls . (3 I s s u e s ) . . ! . 4 M
1911-1930
4 80 .000 100.71
.
2 3 1 ..
M in n eap olis, M in n ________ 4
1940
„
,
N a m e o f M u n ic ip a lity .
A m ou n t
10 0 .0 0 0 1 1 6 6
2 3 1 ..
M in n eapolis, M in n ________ 4
1939
5 0 ,0 0 0 /
fo ?"
U',‘ l0,; / , rCe S c\ M
•„N o - 1 • N . Y . (M cli. l is t ) . .
5 45 ,000
3 5 4 ..
M in n eapolis, M in n ________ 4
1939
2 9 1 . .L a k e la n d , F la . (3 issues, M arch l i s t ) . .
r>5 0 0 0
19.000
2 9 2 ..
M issoula C o. S . D . N o . 24, M o n t. 6 <11915-1920
2 9 3 ..
P ella, Io w a (M a rch lis t ) --------------------------------------fio o o o
1,200
100
3 5 4 . -M o n tg o m e r y , A l a _______________ 5
1940
2 9 3 ..
P h o e n ix U n io n H g h . S c h . D ls t., A riz . (Juno lis t ) ________ H I
150|000
100,000
2 9 2 ..
M o n tg o m e r y C o u n ty , O h io _______ 4 1*1911-1920 25.000
We have also learned of the following a d d ition a l sales for
3 5 4 ..
M o n tg o m e r y T w p ., O h io _4 1 *
1911-1924
19 0 0 0 /
3J*%
basis previous months.
1 0 9 ..
M t. Calm I n d . S ch . D ls t ., T e x . . 5<11920-1950 10.000
P a g e.
N a m e.
1 R a te.
100
M a tu rity .
A m o u n t.
P r ic e .
2 9 2 ..
M t. O liv e S ch . D ls t., C a l____
_________
3,000
2 8 8 ..
B o u n tifu l C ity , U ta h ___—
„
5
<11920-1930
$ 35 ,000
100
1 0 9 . _M t. V e r n o n , N . Y _______________ 4 1*
1946-1950
25.000
2 8 9 _ _ F a ir v ie w C ity , U ta h ____
5
103.20
1930
15,000
100
2 9 2 ..
M uskingum C o u n ty , O h io ________ 4 1919-1931 225.000
2 9 0 ..
G re g o ry , S o . D a k ______ . " 5
100 10
1930
8,5 0 0
1 7 0 ..
N assau C o u n ty , N . Y ____ 4 H
1920-1929
110.000
102.337
2 9 3 ..
0 1 .m p ia Sch. D lst., W ash
—
5
<11911-1930
4 0 ,000
100
2 3 1 ..
N ew B a rb a d o e s T w p . S . D . . N . J . 5
1911-1919
16,400
2 9 3 . . P e o ria , 111__________________ . . . I 4
100
1911-1930
250 ,000
1920
1 7 0 ..
N ew B e d fo r d , M a ss_______4
50.000
2 9 3 ..
R h o m e S ch . D ls t., T e x ___
100.159
—
5
<11920-1930
7,500
100
2 9 2 _ .N e w B ru n sw ick , N . J ___________ 4 1*
1920-1960
91.000
100.07
1 1 0 ..
N ew R o c h e lle , N . Y ........ 4 1* 1915-1931
All the above sales are for June. These additional June
17.000
101.48
1 1 0 -_ N e w R o c h e lle , N . Y ____________ 4 )4* 1* 1920-1930
55,000
101.75
Issues will make the total sales (not including temporary
l l O - . N e w R o c h e lle , N . Y ____________ 4 41*H
1911-1931
21,421
101.20
2 3 1 ..
N ew R o c h e lle , N . Y _____ 4 4J*1*
loans) for that month $18,755,085.
1916
4,500
100.027
3 5 4 ..
N ew Y o r k C ity (2 Issues)_3 3
1959
205,7951
3 5 4 ..
N ew Y o r k C i t y ....................4 4
B O N D S O F A M E R IC A N P O SSE SSIO N S.
1959
3,550
3 5 4 ..
N ew Y o r k C i t y ___________ 3 3
1910
P a g e.
N am e.
500J
R at
M a tu rity .
A m o u n t.
P r ic e .
1 1 0 ..
N ew Y o r k S t a t e ___________ 5 5
1915-1954
1 0 7 . .P o r t o R i c o . ____________
200,000
103.13
. .
4
<I1920-1927|
$5,000
10 3 .1 2 5
1 7 0 ..
N ew Y o r k S t a t e ___________ 4 4
1960
111,000,000100.70479
42 0 ,0 0 0 1 00 .062 6
3 5 4 ..
N o rth D a k o ta (14 Issues)_4 4
V a riou s
119,800
100
2 3 1 _ _ N o r th flc ld S c h . D ls t., M in n ____ 4
BO N DS SOLD B Y
1930
lA R IA N M U N IC IP A L IT IE S .
10,000
1 7 0 ..
0 . k d a l e Irrig a tio n D ls t., C5a l . . _
P a g e.
4 25 ,000
100
N a m e.
R ate.
M a tu r ity . . A m o u n t.
P r ic e .
1 7 0 --O b c r lln , O h i o . . ................................41*
41*
1911-1920
4,000
102.26
1925
$2,500
1 00 .60
3 5 4 - .O c h e y e d a n , I o w a ________________ 5 5
1920
12,000
1930
19,000
2 9 3 ..
0 1 .p h a n t , P a _______
55
25,000
103.02
V a riou s.
3 9 ,058
99.06
293.
-O r o v lllc , C a l______________ 55
1911-1950
120,000
101.675
1930
15,000
96.66
1 7 0 ..
0 . f o r d S c h . D lst., O h io . . .4
4
1912-1931
■ 20,000
100
-.
5
12,000
1911-1930
2 3 1 ..
0 . a r k S c h . D ls t., M o . . . _.
________
6,000
-6
1,000
1 7 0 . -P a c ific G rov e H igh S . D ., C a l . . 5
1911-1925
3 5,000
10 L 6 4 4
. - C
,
1925
3 ,5 0 0
2 3 t _ .P a x v l l le S. D . N o . 19, S o . C a r o . 5
M
51*
1940
12,000
95.008
-51*
5,000
1930
1 00 .60
1 7 0 ..
P earsall In d . S c h . D ls t., T e5x _ _ <11920-1950
5
13,000
100
- - 41*
1930
2 0 ,000
101.02
2 9 3 ..
P ella, I o w a ________________ 55
1911-1930
6 0 ,000
99.50
-5
2,8 2 7
1911-1925
3 5 4 . -P e lla , I o w a ____________________ . 0
1916-1920
3
5
7
.
-M
a
c
d
o
n
a
ld
,
10,000
100
-- 4
1030
6,000
9 6 .2 5
2 9 3 ..
P eoria , 111_____ _______
5
1911-1920
6,400
100
___
. - 5
4,693
1 0 0 .5 6 5
2 3 1 ..
P h ila d elp h ia , P a ___
4
1940
5 ,0 0 0 ,0 0 0
100
6 5 ,835
1911-1940
1 7 0 ..
P la ln v lc w In d . S ch . D ls t., T e x . 1930-1950
5
10,000
100
..4 1 *
1911-1940
17,000
97.941
H O - .P o n t la c S c h . D ls t., M i c h . .......... 41*
1918-1925
1 7 3 -_ O u tr e m o n t, Q u o .
8 0,000
103.07
1052
2 00 ,000
100 .95
2 9 3 ..
P o r t C lin to n , O h io ________ 5
1911-1925
105.11
15.000
- - 4 l*
586 ,500
9 7 .6 7 5
2 9 3 . -P o r t s m o u th , N . I I ________ .
4
1911-1917
15,500
100.05
■- 51*
i o n -1626
800
232. .
P r o v o C ity , U ta h .......... ..
5
d l9 2 0 ,1 9 3 0
90.000
100
1. 5
1960
40 0 ,0 0 0
104 .15
2 9 3 . . Q u in cy , M ass________ _______ _ . 4 1 * 1911-1920
56,825
1 02 .176
. .
.. 5
19,000
3 5 4 . . R a d fo r d , V a _________________ . 5
1940
2 1.000
100
.. 5
1911-1030
15.000
3 5 4 ..
R e d m o n S. D . N o . 8 0 , I I I . . _______1911-1918
7
10,000
10.000
1 7 0 . - R e e v e s C o . C om . S .D . N o .l .T e x . 5
1940
5,000
100
1911-1920
5,000
1 1 0 -- R lc h la n d (T ow n ) an d R ich la n d
.. 5
1911-1930
15,000
Cen tre (C ity) J o in t S . D . N o.
. 5
1911-1030
2 5 ,000
99.2 0
2, W l s ________________
4M
1911-1925
100
60,000
: 6
1911-1920
2,0 0 0
1 01 .25
2 9 3 . -R i v e r t o n , W y o __________________ o
d l 925-1940
25,000
100
2 3 2 - -R o b e r t s C o. C o m . S ch . D lst.
T
o
t
a
l
-----------------------------------------------------------------------------$1,49
1
,7
1
3
N o. 1, T e x ____________________ 5
<11920-1930
2 0 ,0 0 0
101.33
2 3 2 . - S t . L u cie C o u n ty , F la ___________ 5
2 00 ,000 100 .262 5
4
2 3 2 . -S a le m , M a ss_____ _________
ok
nnm1
1911-1920
u
O UVU
232. .
5 a le m , M a s s ____________
4
1911-1919
1 8 ,0 0 0 / 100.019
2 3 2 ..
5 a le m , M a s s . . ...................... 4
1911-1915
5 ,0 0 0 /
,.
° f S e creta ry o f S ta te .— Dispatches state
2 3 2 - S a n d u s k y , O h i o . .............................. 4
1919
20,000
100.125
4
l11/11/
o in
232 -S a n d u s k y , O h io _______ ____
that William M. Cross, Secretary of State, died in Okla
1 1 ,OUU
100.217
2 3 2 - -S a n d u s k y , O h io _________________ 4
1919
15,000
100.166
homa
City
on
Aug.
4.
2 9 4 - - S a n d y C I t y C o m .S .D .N o .3 7 , K y . 6
1911-1914
2,000
100
2 9 4 . San F ra n cis c o , C a l . _____________ 41*
1915-1934
260 ,000
171 ..S a n g e r fle ld & M arshall (T ow n s)
U n . F r c e S . D . N o . 11, N . Y . 4 1* 1915-1932
26,000
100 .125
3 5 5 ..
5 . n L u is R e y S ch . D ls t., C a l______ 61911-1922
3.6 0 0
101.833
2 3 2 ..
5 .h e n e c t a d y C o u n ty , N . Y _______ 4 H
1925-1933
100,000
103.27
294. .
5 .h e n e c t a d y , N . Y _______ 41*
1911-1930
3 00 .000
101.833
Aiken, AikenCounty, So. Caro. — B o n d E le c tio n .— This city
1 1 0 - . S c o tia , N . Y . (6 Issu es)_________ 5
1926
8.600
1927
1 1 0 ..
5 . o t i a , N . Y . . . _______ ___ 5
6,000
will again submit to the voters the $78,000 water-works2 9 4 ..
5 . o t t C o . L e v . D lst. N o . 2 , M o . . 61912-1930
2 5.000
system-improvement bonds voted (V. 91, p. 287) on July 21.
171 - .S e n e c a C o u n ty , N . Y ........ .............. 4 1*
14,075
100 .035
3 5 5 . .S e v ie r C o u n ty , T e n n .......................5
1930
150.000
This new election is caused, it is stated, by the fact that the
10 0
2 9 4 . -S h e lb y C o u n ty , O h io ____________ 414
1011-1913
5,150
10 0 .3 4 9
City Council in hurrying to hold the election on July 21
171-.S h e r w o o d S ch . D ls t., O h io _____ 4 1*
19 13-1937
2 0 .000
103.92
1950
171 ..S h r e v e p o r t , L a __________________ 4
149.000 100
failed to meet certain requirements in regard to city registra
2 3 2 . -S h r e v e p o r t , L a ............ .....................4
1950
50.000
100
tion.
2 9 4 -.S I v e r ly , P a ______________________ 5
8,0 0 0
100.625
1 1 1 ..
5 0 .t h a m p t o n , N . Y -------- 41*
1911-1924
2 5 .000 100
Alborn School District (P. O. Alborn), St. Louis County,
171 - -S o u th e r n P in es, N o . C a ro ___ . . . 6
1930
2 0.000
105 .05
3 5 5 . -S o u th H a v e n , M ic h __________
5
Minn.— B o n d S a le — This district recentty awarded $5,000
11,000
3 5 5 ..
5 0 .t h o l d U n .F r .S .D .N o .O .N .Y . 51911-1936
12,000
104.50
bonds to the State of Minnesota.
3 5 5 . .S o u t h San J o a q u in Irr. D Is.,C al. 5
1940
4 59 ,500
100
171 ..S p r in g f ie ld , O h io ________________ 5
1918-1022
11,455
Allentown, Lehigh County, Pa.— B o n d O ffe r in g . — Pro106.817
2 3 2 ..
5 .r in g fie ld S ch . D ls t., O h io _______ 4 , 4 1925-1034100.000
105.94
osals will be received, it is stated, until 7 p. m. August 9
232.
-S t a m fo r d , C o n n __________4
1035
3 5 .0 0 0
2 3 2 ..
5 .a m fo r d , C o n n -- --------------4>*
1935
y Chas. O. Ilunsicker, Mayor, for $34,500 4 % sewer bonds.
3 0.000
3 5 5 ..
5 .r o m s b u rg S ch . D lst., N e b _______ 5
_____________
18.000
100
Interest semi-annual. Certified check for 5 % is required.
2 0 4 ..
T io g a C o u n ty , N . Y _ . ........ 4
1911-1922
3 5 ,000
100.713
2 9 4 . - T ip p e c a n o e C o u n ty , I n d ............... 6
1911-1920
8,0 0 0 102.5125
Alturas, Modoc County, Cal.— B o n d s V o ted .— According
294. .
T r e n to n , N . J . (2 I s s u e s ).. 4 4
1920
2 5 ,0 0 0 101.04
to reports, a proposition to issue $2 0 ,0 0 0 high-school-building
1 1 1 ..
T rin id a d S c h . D ls t., C o lo _41*
d l9 2 5 -1 9 4 0
50.000
100.000
3 5 6 ..
T u la re, C a l________________ 5
1011-1950
8 0 .000 103 .10
bonds was favorably voted upon at a recent election.
2 3 3 ..
T u x e d o (T o w n ) U n io n F ree S c h .
*1
D lst. N o . 6, N . Y _____________ 41*
1011-1925
Amory, Monroe County, Miss.—B o n d S a le .— The $18,000
15.000
100.268
3 5 6 ..
U h r ic h s v illc , O h io ________ 41*
1935
5,000
105 76
5 % 20-year electric-light-plant bonds offered on Aug. 2
2 3 3 ..
U n ion C o . S . D . N o . 5, O re _______ 5(11920-193050.000
100.102
(V.
91, p. 165) were awarded to the Amory Light & Power
233. .
U p p er S a n d u s k y , O h io ....................... ........................5 16.000 1/105.581
__________________________
233. .
U tica , N . Y ----------------------- 4 4
1911-1930
50.000 101.704
Co. of Amory at par.
2 3 3 - .U t i c a , N . Y _____________________ 4 1* 1911-1930
60,000
101.703
233 . . U t i c a , N . Y . ............ ....................... 4 4
1911-1923
6,5 0 0
100 .769
Ansley, Neb.— B o n d s to be O ffered S h o r tly .— In reply to
233- U tic a , N . Y ...................................................................
41* 1911-1916
5,194
100.111
our inquiry as to whether any action had yet been taken
233. .
V e n tn o r C ity , N . J ________ 5
1940
2 5 .000 100 .125
233. .W a lla W a lla S ch . D ls t., W a s h . . 5
1930
50.000
looking towards the issuance of the $ 12 ,0 0 0 water-works
101.36
3 5 6 ..
W a s h in g to n S . D . N o . 52, 1 1 1 ... 51913-1019
18.000 1/100.561
and electric-light-plant bonds voted on June 6 (V. 90,
1922-1931
2 9 4 ..
W a s h ita C o u n ty , O k la ___ 5
7 5.000
100
2 9 4 ..
W a m e g o S c h . D ls t ., K a n s ................41915-1924 2 0 ,000 100
p. 1691), the Village Clerk writes us, under date of July 30,
2 3 3 ..
W a rren S ch . D ls t., O h io ... 4
.............
50.000
100 .20
that “ the bonds are printed and will be signed up this week,
3 5 6 . .W a te r lo o , W l s ___________________ 4 4
1916-1930
2 8 .000 100
234.
-W a u k e g a n , 111___________ 5
1911-1930
3 0.000
when they will be presented to the Auditor of Public Accounts
100
2 9 5 ..
W a u k eg a n T w p . S. D ., I ll _________4 1 0 1 1 - 1 9 320.000
0
for his approval. When this is done they will be offered
2 9 5 ..
W a y n e s b o r o , V a ________ _ 5
<11920-1045
5,000 I06" ' "
172. .
W e n a tc h e e , W a s h ............... 5
___________
for sale in accordance with the laws of the State.”
50,000
100
2 3 4 - -W ilk e s -B a r r c , P a ________________ 5
___________
7 ,4 0 0 /1 0 0 .75tO
Aransas Pass, San Patricio County, Tex.— B on d E lectio n .
„ „
1 102.55
1 7 2 ..
W illa r d , U ta h ..........................................................
.............
9.0 0 0
— The Mayor informs us that an election will be held Aug. 30
.
1
N ew s Item s.
B on d P ro p o sa ls and N egotiation s this week
have been as follows:
E
351
THE CHRONICLE
A u g . 6 1 9 1 0 .]
to vote on the question of issuing the $25,000 5% 20-40-year
(optional) water-works bonds mentioned in V. 90, p. 1091.
Areola School District, Madera County, Cal.— B o n d
S a l e .—
B e llo w s
F a lls ,
W in d h a m
O f fe r e d S h o r t l y . — W e
tiie
$ 1 3 ,0 0 0
4 %
are
C o u n ty ,
a d v is e d
5 -2 0 -y e a r
(o p tio n a l)
The First National Bank of Madera, it is stated, recently
purchased $4,500 6 % bonds at par.
Ashland, Ashland County, Ohio.— B o n d S a l e . —On Aug. 1
the $8,000 5% coupon Broad Street improvement assessment
bonds described in V. 91, p. 287, were sold to the Farmers
Bank of Ashland at 104.956 and accrued interest, hollowing
is a list of the bids submitted:
su ccess o n J u n e 2 5
(V . 9 1 , p . 50)
a g a in
fu tu r e .
F a rm e rs ’ B a n k , A s h la n d - .$ 8 ,3 9 6 5 0 1P r o v id e n t S av in gs B a n k &
T illo ts o n & W o lco t t C o .,C I e . 8,208 80
T r u s t C o ., C in c in n a t i-- - - ? 8 , 255,40
Hk & S av C o ., Ash. 8,2 6 5 10| Spltzer & C o ., l o l c d o -------- 8 , 2 2 8 uu
M a tu rity $400 ea ch six m on th s fro m M arch 1 1911 to S e p t. 1 1920 Inclusive
r e c e iv e d
(P. O. Ashland), Ohio.— B o n d O f f e r i n g .—
Proposals will be received until 12 m. to-day (August 0)
by J. F. Welty, County Auditor, for $11,500 5 lA % A. R.
Plank Mill-Dam removal bonds.
in
are
a d v is e d
F ir s t
d a te
B an k
5 %
B o sto n ,
lo c a l
of
B o sto n ,
A u g .
A u g .
1
fo r
in
Atlantic County (P. O. May’s Landing), N. J — Rond
—Proposals will be received until 11 a. m. August 10
bv the Finance Committee of Board of County Chosen
Freeholders for $60,000 4% registered public-buildingimprovement bonds.
to
th e
A u th o r it y , page 79, 1901 L a w s.
D e n o m in a tio n $ 5 ,0 0 0 .
D a te S e p t. 1
1910.
In terest Ja n . an d J u ly a t the S e co n d N ation a l B ank, A t la n t ic C ity,
o r C o u n ty C o lle cto r’ s o ffic e .
M atu rity $10 ,000 y e a rly o n J a n . 1 fr o m
1915 to 1920 Inclu sive.
B on d s are e x e m p t fro m all ta x e s, e e r tin e u
ch eck fo r 10% o f b on d s bid fo r , p a y a b le to L . C. A lb e r ts o n , Is re q u ir e d .
Attleborough, Mass.—B o n d S a l e . —Reports state that
$100,000 4% coupon sewer bonds were sold on Aug. 3 to
Perry, Coffin & Burr of Boston at 100.31.
T h ese securities arc part o f an Issue o f $ 2 0 0,00 0 b o n d s a u th o rize d b y
C h apter 1 5 ? A c t s o f 1909 a n d b y an e le ctio n held J u ly 7 1910.
D e n o m in a
tio n 1 SI 000
D ate J u ly 1 1910. In terest s e m i-a n n u a lly a t th e H is t
N ation a l B ank o f B o s t o n . M a tu rity $ 7 ,000 y e a r ly o n J u ly 1 fro m 1911
to 1924 Inclu sive and $2,000 o n J u ly 1 1925. T h e b o n d s arc ta x -e x e m p t .
Auburn, N. Y .— B o n d s N o t to be I s s u e d th is Y e a r . —The
City Comptroller advises us that the $8,000 5% school bonds
recently authorized (V. 91, p. 50) will not be issued until
about Aug. 1 1911.
Austin, Mower County, Minn.— B o n d O f f e r i n g . —Pro
posals will be received until 8 p. m. Aug. 19 by the Common
Council for $30,000 5% coupon water-works and light im
provement and extension bonds.
A u th o rity , election held J u ly 26 1910.
D e n o m in a tio n $ 1 ,0 0 0 .
D ate
Tniv 1 1910.
In terest p a y a b le scm l-ar.a n a lly at place design ated b y
n i/rrh ascr
M a tu rity J u ly 1 1920. C ertified ch e ck fo r 5 % o f b o n d s bid fo r ,
p a y a b le t o th e C ity T reasu rer, Is re q u ire d . T . M . F o ste r Is C ity R e c o r d e r .
—Dispatches state that
a loan of $50,000 has been negotiated with the Eastern
Trust & Banking Co. of Bangor at 4.57% discount. Ma
turity Nov. 1 1910.
s in k in g
A m o u n t.
$ 1 0 ,0 0 0
1 5 .0 0 0
5 .0 0 0
1 0 .0 0 0
2 .5 0 0
2 7 .5 0 0
5 .0 0 0
4 .5 0 0
1 1 .0 0 0
5 0 .0 0 0
1 0 .0 0 0
1 5 .0 0 0
6 0 .0 0 0
2 5 .0 0 0
3 0 .0 0 0
5 .0 0 0
2 0 .0 0 0
2 5 .0 0 0
2 5 .0 0 0
1 5 .0 0 0
9 1 ,
S o ld
—Proposals will be received, it is stated, by Board
of County Supervisors (P. O. Riverside) until August 17
for an issue of $2,00 0 bonds of this district.
O ffe r in g .
S a le .
—Julian Sharpneck has purchased, at par, $11,050 4)^%
10 -year frce-gravel-road bonds.
Interest May and No
vember.
Beach City, Stark County, Ohio.— B o n d O f f e r i n g . —Pro
posals will be received until 12 m. Aug. 22 by II. B. Ward,
Village Clerk, for the following 4)^% bonds:
D c510 400 M ain an d W e s t streets Im p rovem en t (assessm ent! b nils.
Cm V Uage
5 ’
n o m in a tio n $500 an d $540
In terest a n n u a 'ly
0 In u s t v e .
C lerk ’s o ffic e .
M atu rity $1,010 o n A u g. 1 1911 „ > t
b o ,)1!s.
D c2 ,0 0 0 M ain an d W e s t streets Im p rovem en t (assessm
M atu rity
0:) y a ly o n
n om in a tion $100.
In terest ann ual.
An,r 1 f ro m 1911 t o 101 o Inclu sive.
.
,
A u th o rity .’ S ection 95. M unicipal C o d e .
D a te A u g. 1 191 0. C ertified
.ch eck fo r $500, p a y a b le t o the Village C lerk, Is r e q u ire d . P u rch a se r to
p a y a ccru e d Interest.
Beaumont Navigation District, Jefferson County, Tex.
p .
th a t
w ith o u t
th e m a rk e t
rep o rts
th a t
th e
an
issu e
R e je c te d .— A l l
b id s
erron eou s.
5 %
2 0 -y e a r
coupon
2 8 8 , w e re r e je c te d .
to S i n k i n g
b o n d s,
d is p o s e d
tru st
on
R e
3
and
d a te d
of
a t
T ru st F u n d s
J u ly
par
1
1910,
d u r in g
J u ly
fu n d s :
P u rp o se .
M a tu r ity .
1910
an d
due
N o v .
J u ly
1
a
19 10 ,
lo a n
w as
of
$ 5 0 ,0 0 0 ,
n e g o tia te d
d a te d
3 }4 %
a t
d is c o u n t.
B ro o m o C o u n ty
( P . O . B i n g h a m t o n ) , N . Y .— N o B o n d s
S o l d .— W e a r e i n r e c e i p t o f a l e t t e r f r o m t h e C o u n t y T r e a s u r e r
u n d er d a te
of
A u g .
4
s ta tin g
th a t
p o r ts t h a t h is c o u n t y h a s s o ld
ja il
of
an
th e re
is n o
tru th
is s u e o f $ 3 5 ,0 0 0
in
th e
4 %
re
c o u n ty -
b on d s.
B r u n s w ic k , F r e d e r ic k
$ 5 ,0 0 0
p la c e
on
stre e t
an d
A u g u st
1.
B u ffa lo ,
w ere
N .
C o u n ty ,
$ 5 ,0 0 0
.— B o n d
Y
d is p o s e d
of
at
M d
w a ter
.— B o n d s V o t e d . — I s s u e s
b on d s
S a l e s .— T h e
par
d u r in g
w ere
v o te d
fo llo w in g
J u ly
to
th e
b y
4 %
th is
b on d s
v a r io u s
c ity
s in k in g fu n d s :
$ 2 0 ,0 0 0 0 0 m u n lc lp a l-b u lld ln g b o n d s d a te d J u ly 1 1 9 1 0 a n d d u e $ 1 ,0 0 0
y e a r l y o n J u l y 1 fr o m 1 9 1 1 t o 1 9 3 0 In c lu s iv e .
1 5 . 0 0 0 0 0 g r a d e -c r o s s i n g b o n d s d a t e d J u l y 1 1 9 1 0 a n d d u e J u l y 1 1 9 1 1 .
9 2 9 0 6 4 m o n t h l y lo c a l -w o r k s b o n d s d a t e d J u l y 1 5 1 9 1 0 a n d d u e J u l y 1 5
1911.
B u llo c k C o u n ty
—P ap ers
road
report
(P . O . U n io n
th a t
a
.— B o n d s V o t e d .
S p r in g s ), A la
p r o p o s itio n
b o n d s w a s fa v o r a b ly
v o ted
to
u pon
issu e
a t
a
$ 6 0 ,0 0 0
p u b lic -
re c e n t e le c tio n .
B u tle r S c h o o l D is t r ic t ( P . O . B u t le r ), B a te s C o u n ty , M o .—
B o n d O ffe r in g — P r o p o s a ls w ill b e r e c e iv e d u n t il A u g .
W .
O .
A tk c so n ,
$ 3 5 ,0 0 0
V .
9 1 ,
4 > ^ %
p .
S ecreta ry
B oard
of
h ig h -s c h o o l-b u ild in g
E d u c a tio n ,
bon d s
v o te d
on
10
b y
fo r
th e
June
2 1 .
50 .
I n t e r e s t s e m i -a n n u a l .
M a t u r i t y 2 0 y e a r s , s u b j e c t t o c a ll a f t e r 5 y e a r s .
B o n d e d d e b t , n o t I n c lu d in g t h is Is s u e , $ 7 , 0 0 0 .
A ssesse d v a lu a tio n " o v e r
$ 1 ,1 1 5 ,0 0 0 ”
C a m b r id g e
p r o p o s itio n
v o te
D en om in a tion $ 1 ,000.
D ate N o v . 1 1909.
In terest s e m i-a n n u a lly In
N ew Y o r k o r B ea u m on t.
M atu rity fo r t y years, s u b je c t t o call a fte r ten
yea rs. C ertified ch eck fo r 2 % o f bid Is requ ired .
o f
Beckley, Raleigh County, W . Va.— B o n d S a l e . — The
$60,000 5% 20-30-year (optional) street-improvement and
sewerage coupon bonds described in V. 90, p. 1115, were
sold on July 28 to the Central Trust & Safe Deposit Co. of
Cincinnati at par. Denomination $1,000. Date Aug. 1
1910. Interest annual.
Bedford City, Bedford County, Va.— d e s c r i p t i o n o f B o n d s .
_We are advised that the $100,000 5 } 4 % hydro-electro
power-plant bonds, recently delivered to Cutter, May & Co.
of Chicago (V. 91, p. 287) are in denominations of $1,000
each and are dated June 1 1910. They mature part yearly
from 1915 to 1940 inclusive. Interest semi-annual. These
bonds were awarded on March 10 at par and accrued interest,
with the understanding that they be re-submitted to the
voters.
Bell County Common School District No. 6 6 , Tex.— B o n d
S a l e ,—The Michigan Trust Co. of Grand Rapids purchased
on June 1 the $10,000 5% 20-40-year (optional) bonds
registered by the State Comptroller (V. 90, p. 1691) on
May 26. The price paid was par and accrued interest
Denomination $500. Date May 10 1910. Interest April 16
an d
be
C o n s u m p tiv e s ’ H o s p ita l c o m -)
p le t lo n o f s e c o n d w a r d _____ ( $ 1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
C o n s u m p t i v e s ’ H o s p i t a l C o t-1 2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
t a g e w a r d f o r w o m e n ________ / 1 , 0 0 0 1 9 1 6 t o 1 9 2 0 In c lu s iv e
B a th H o u s e , O r ie n t H e i g h t s .. 1 ,0 0 0 J u ly 1 9 1 1 t o 1 9 1 5 In c lu s iv e ,
N e p o n s e t P l a y g r o u n d , l l l lln g l
a n d g r a d i n g ____________________1 1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
S a v in H ill P a r k , lo a m a n d !
p l a n t i n g ________________________ J
5 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
r
2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
P l a y g r o u n d s , I m p r o v e m e n t s .!
1 , 0 0 0 J u l y 1 9 2 1 t o 1 9 2 7 In c lu s iv e
f,
5 0 0 J u ly 1928
N e w F ir e B o a t . ....................
1 ,0 0 0
J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
L o c k e r B l d g . , F r a n k l in F i e l d .
5 0 0 J u l y 1 9 1 1 t o 1 9 1 9 In c lu s iv e
W a s h in g to n S t ., W . R o x b u r y
1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 1 In c lu s iv e
G e n e v a A v e n u e , B o w d o ln S t .l
3 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
t o C o l u m b i a R o a d ____________J 2 , 0 0 0 J u l y 1 9 2 1 t o 1 9 3 0 In c lu s iv e
N e w L ib r a r y B ld g ., W a r d 2 2 .
1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
F ir e S ta t io n , L a u r la t A v e n u e 1
2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
D is tr ic t . .
____________________j 1 , 0 0 0 J u l y 1 9 1 6 t o 1 9 2 0 In c lu s iv e
P l a y g r o u n d , P a r k e r II111_______
3 ,0 0 0
J u l y 1 9 1 1 t o 1 9 3 0 In c lu s iv e
B a th in g e s ta b lis h m e n t, W a r d l
2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
15
.
...J
1 , 0 0 0 J u l y 1 9 1 6 t o 1 9 3 0 I n c lu s iv e
B a t h H o u s e , C h a r l e s t o w n _____ ( 2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 2 0 In c lu s iv e
\ 1 , 0 0 0 J u l y 1 9 2 1 t o 1 9 3 0 In c lu s iv e
B a t h H o u s e a n d G y m n a s i u m ! 1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 I n c lu s iv e
. . .
9 t li S t r e e t ______________________ /
B a t h ’ g e s t a b l i s h m e n t ,W a r d l S
1 , 0 0 0 J u l y 1 9 1 1 t o 1 9 3 0 ln c l u s v e
P l a y g r o u n d , W a r d 7 ..................... f 2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
\ 1 , 0 0 0 J u l y 1 9 1 6 t o 1 9 3 0 In c lu s iv e
P l a y g r o u n d , W a r d 1 6 . ................f 2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
1 1 , 0 0 0 J u l y 1 9 1 6 t o 1 9 3 0 In c lu s iv e
F ir e S t a t i o n , O a k S q u a r e a n d ! 2 , 0 0 0 J u l y 1 9 1 1 t o 1 9 1 5 In c lu s iv e
F a n e u ll S e c t i o n _______________ J 1 . 0 0 0 J u l y 1 9 1 0 t o 1 9 2 0 In c lu s iv e
5
—Proposals will be received until 12 m. Nov. 1
by W. S. Davidson, Chairman Canal Commission (P. O.
Beaumont), for $493,000 5% navigation bonds.
B o n d O ffe r in g .
fu n d s
w ere
T e m p o r a r y L o a n .— D u r i n g
J u ly
Loan.
Banning School District, Riverside County, Cal.— B o n d
$ 3 7 0 ,5 0 0 ,
o ffe r e d
p u rch ased
.— B i d s
D u r in g J u l y .— T h e f o l l o w i n g 4 %
a g g r e g a tin g
th e
h ad
$ 1 2 ,0 0 0
V .
to
A u g .
.— N o B o n d s S o l d . — W e
th a t
are
G a
th e
.— B o n d s
M a s s
4
b on d s
C o u n ty ,
of
b on d s
B in g h a m to n
w a ter
T h o m a s
on
of
sc h o o l b o n d s d e s c r ib e d
O ffe r in g .
under
N a tio n a l
o f $ 5 ,3 0 0
A u th o r it y , S ection 4501 a, 4 51 0-3 4, 4 51 0-3 1, R e v ise d S ta tu tes
D e
n om in a tion $500.
D ate A u g . 1 1910.
In terest s e m i-a n n u a l. M a tu rity
$1,000 each six m on th s fr o m A u g . 1 1911 t o F e b . 1 1912, ln.c l^ S Vp „ ^ i tl
$3,000 each six m on th s fro m A u g . 1 1913 t o A u g . 1 1 9 1 o In clu sive. C erti
fied ch eck fo r $500, p a y a b le to th e C o u n ty T reasu rer, Is reciulred. 1 urchaser to p a y a ccru ed Interest.
Bartholomew County (P. O. Columbus), Ind.— B o n d
near
d a te
w ill b e p la c e d
B in g h a m to n , B ro o m e C o u n ty , N . Y
Ashland County
Bangor, Me.—T e m p o r a r y
th e
.— B o n d s
V t
under
o f th e
C a n to n ,
and
Y i%
Issu e
M cP h erso n
b id s
b on d s,
d e s c r ib e d
s o ld
a t
$ 2 8 ,0 0 0
4
T h e
C o u n ty ,
1 1 1 .—
w ill
be
A u gu st
K a n
r e c e iv e d
V . 9 1 ,
S ch ool
C o u n ty ,
p ar.
b on d s
a g g r e g a tin g
in
C h a m p a ig n
p a ig n
w ere
.— B o n d E l e c t i o n . — A
C o u n ty , I n d
$ 8 ,0 0 0
p e o p le , it is s t a t e d , o n
s a tis fa c to r y
4
C ity , W a y n e
to
on
s u b m itte d
to
a
8.
.— B o n d s N o t S o l d . — N o
A u g .
1
$ 3 0 ,0 0 0 ,
fo r
th e
o ffe r e d
tw o
on
is s u e s
th a t
d a y
p . 2 8 8 .
D is tr ic t
B ond
Y iffc b o n d s t o
p u rch asers
(P .
O .
C h a m p a ig n ),
S a l e .— T h i s
A .
w ill
B .
d is tr ic t
L each
p a y
th e
on
& C o. of
cost
of
C h am
J u ly
21
C h ic a g o
p r in tin g
th e
b o n d s.
C h a th a m ,
q u e s tio n
m en t
V .
P itts y lv a n ia
of
is s u in g
and
9 1 .
w as 71
p .
th e
C o u n ty ,
$ 1 0 ,0 0 0
s c h o o l-b u ild in g
5 1 ,
“ fo r ”
c a r r ie d
to
C le v e la n d ,
O tis
&
H ou gh
4 %
3 0 -y e a r
5
a t
an
a d d itio n
e le c tio n
.— B o n d
o f C le v e la n d
$ 1 4 ,0 0 0
coupon
V .
90 ,
p .
of
W o o ster
5 %
J u ly
been
V o ted .— T h e
s t r e e t -im p r o v e
m e n tio n e d
2 8 .
25
(V . 9 1 , p .
in
T h e
v o te
sta te
th a t
O h io
to
$ 8 0 0 ,0 0 0
b on d s
o ffe re d
.— B o n d S a l e .— O n A u g . J l
th e
F o llo w in g
th e
5 1 ), at p ar.
s t r e e t -im p r o v e m e n t
1 0 6 .8 9 .
p apers
aw arded
w a t e r -w o r k s -e x te n s io n
J u ly
1 6 2 6 , w ere aw a rd ed
a t
bon d s
h e ld
S a l e .— L o c a l
h ave
C o ld w a te r , M e r c e r C o u n ty ,
th e
.— B o n d
3 0 -y e a r
“ a g a in s t .”
O h io
w ith o u t su c c e ss o n
V a
5 %
bon d s
m e n tio n e d
C itiz e n s ’ N a tio n a l
are
th e
in
B an k
b id s :
C i t i z e n ’ s N a t i o n a l B a n k . W o o s t e r . . . .................................................................$ 1 4 , 9 6 4 T6 0
C
D e n is o n & C o . , C le v e la n d
.................................................... ....................1 4 , 8 1 3 7 5
H a y d e n , M ille r & C o . , C l e v e l a n d ......................................................................
1 4 .6 7 0 0 0
B a r t o , S c o t t & C o . . C o l u m b u s .................................................................................. 1 4 , 5 7 5 . 0 0
E.
3 52
THE CHRONICLE
Collingswood, Camden County, N. J.— B o n d s N o t S o l d —
According to a letter received by us from the Borough Clerk
no bids were received on Aug. 3 for the §18,500 4y 2 % funding
bonds offered on that day and described in V. 91, p. 228.
Columbus, Muscogee County, Ga.— B o n d O f f e r i n q .—
Proposals will be received until 1 2 m. August 24 by M M
Moore C1erk of Council, for the §100,000 4 ^ % gold coupon
Chattahoochee River concrete-bridge-construction bonds
authorized May 4.
n, S,1. '00r0 -, ® ate J u ly 1 1910.
In terest s e m i-a n n u a lly In
Fa°iUin b lr?'
J u ly 1 1940.
B o n d s are e x e m p t fro m S ta te an d c it y
Celjtlaecl ch eck fo r 1 % o f b o n d s bid fo r . p a y a b le to J . S. Matthews*^
Treasurer, Is requ ired . P u rch a ser to p a y accru e d In terest.
’
Columbus, Columbia County, W is.— B o n d O f f e r i n q .—
Proposals will be received until 8 p. m. August 10 by W. J.
Riedner, City Clerk, for the following 5 % bonds:
$ 45 ,000 sch o o l-h o u s e b o n d s.
D e n o m in a tio n $50 0.
D ate .Tuly 15 1 9 1 0
In terest an n u al. M a tu rity y e a r ly o n J a n u a ry 30 as follow s$1,000 fro m 1911 t o 1915 Inclu sive; $2,000 fro m 191G t o 1920
Inclu sive, an d $3,000 fro m 1921 to 1930 Inclu sive.
16,000 electric-lig h t b o n d s.
D e n o m in a tio n $ 1 ,0 0 0 .
D ate J u ly 3 1 1910
In terest sem i-an n u al.
M atu rity $1,0 0 0 y e a rly o n J a n u a rv a t '
fro m 1914 t o 1929 Inclu sive.
C ertified ch eck fo r 2 % o f b o n d s bid fo r is re q u ire d .
Concord, Middlesex County, Mass.— B o n d O f f e r i n g . _
Prop a will be received until 7 p. m. Aug. 9 by George G.
Morr . Town Treasurer, for §20,000 4% coupon municiDai
light bonds
*
D e n om in a tion $ 1 ,0 0 0 .
D a te A u g . 1 1910. In te re st s e m l-a n n u a llv nr
th e O ld C olon y T ru st C o. In B o s to n .
M atu rity A u g . 1 1 9 4 0
B o n d s arp
t a x -e x e m p t and will be certified as to their genuineness b y the O ld C o lo n v
T ru s t C o. o f B os to n , w h ich c o m p a n y w ill fu rth er c e r tlty th a t the le g a llt v o f
this Issue has been a p p ro v e d b y M essrs. S to r e y , T h o rn d ik e , P a lm er & Dnilsro
o f B os to n , a c o p y o f w hose o p in io n w ill be d e liv e re d to the p u r c h a s e r .'
s
Conecuh County (P. O. Evergreen), Ala.— B o n d
S a l e .—
The §20,000 5% 30-year coupon road-improvement bonds
described in V. 91, p. 107, were sold on July 15 to Otto
Marx & Co. of Birmingham at 101.50 and accrued interest.
Cooper Independent School District (P. O. Cooper), Delta
County, T e x . — B o n d S a l e .— 1The §8,000 5% 20-40-ycar
Copiah County (P. O. Hazlehurst), Miss.— B o n d s
P ro
Papers state that a movement has been started in
this county to issue road bonds amounting to §10 0 ,0 0 0 .
Copperas Cove Independent School District (P.
Copperas Cove), Coryell County, Tex.— B o n d S a l e .—
O
The
§5,000 5% 6-20-year (optional) coupon school-buildino-addition bonds registered by the State Comptroller on
June 10 (V. 90, p. 1692), were sold on July 20 to H. N.
Swain of Dallas at par. Denomination §500. Date June 7
1910. Interest annual.
Covington, Miami County, Ohio.— B o n d S a l e .— The suc
cessful and only bid submitted on Aug. 2 for the §1,000 4 y 2 %
6-7-year (serial) coupon sewer bonds described in V. 91,
p. 289, was one of 100.10 and accrued interest submitted by
Stacy & Braun of Toledo.
Creston, Platte County, Neb.— Rond S a l e .— The §10,000
5% registered water-works bonds offered without success
on June 15 (V. 90, p. 1693) haye been sold.
Cunningham School District, Contra Costa County, Cal.__
—According to reports, this district recently sold
§10,000 5% bonds to B. Fernandez at 103.55.
Cushing, Okla — B o n d S a l e .— The §25,000 6 % water
works bonds, offered without success on June 20 (V. 90
p. 1693), have been taken by the contractor at par in pay *
ment for the work.
Dolgeville, Herkimer County, N. Y .— B o n d S a l e .— 'The
First National Bank of Dolgeville was awarded the §20 000
2-20-year (serial) paving bonds offered on Aug. 3 ( V ’ oi
p. 289) at par for 4s. Among the bids were the following:
B o n d S a le.
F irst N a t. B k ., D o lg e v ille .. fo r 4 s I A . B . L e a ch & C o ., N . Y
fo r 4 7 5 *
N . W . H arris & C o .. N . Y _ _ f o r 4.70s G eo. M . H a h n , N . Y
"
fo r 5s
W . N . C oler & C o ., N . Y . - . f o r 4.75s|
............... 0 53
D e n o m in a tio n $50 0. D a te S e p t, i 1910. In te re st se m i-an n u al.
East Cleveland, Cuyahoga County, Ohio.— B o n d
O ffe r in q
—Proposals will be received until 12 m. Aug. 8 by K F
Leet, Village Clerk (No. 309 Williamson Bldg., Cleveland')
for §7,300 4)^% Wierfield Street extension bonds.
A u th o r it y S ection 100 o f th e M u n icipa l C od e o f 1902.
D en om in a tion
$50 0, e x c e p t o n e b on d fo r $300.
D ate M ay 1 1910. In te re st sem i
a n n u a lly a t th e S u p erior S av in gs & T ru s t C o. In C levelan d . M atu rltv
$300 o n N o v . 1 1920 and $500 e v e r y six m on th s fro m M ay 1 1021 to N o v 1
1927 Inclu sive. C ertllled ch e ck on a b an k In C u y a h o g a C o u n ty fo r 10%
o f b on d s bid fo r , p a y a b le to th e V illa ge T reasu rer, Is re q u ire d .
P u rchaser
t o p a y a ccru ed Interest.
dsel
East Liverpool School District (P. O. East Liverpool)
Columbiana County, Ohio.— B o n d S a l e .— On August 1 the
§14,000 4% 8-14-year (serial) coupon school-repair bonds
described in V. 91, p. 289, were purchased by Wm. G
McCullough of Wellsville for §14,250—the price thus beirnr
101.785.
b
East St.Louis Park District(P. O .E.St.Louis), St. Clair
County, 111.—B o n d O f f e r i n g . —Proposals will be received
until 12 m. August 20 by S. Ellsworth, Secretary Board of
Park Commissioners, for §10 0,0 0 0 4>£% coupon bonds to
purchase lands for parks, boulevards and buildings.
D en om in a tion $500.
D ate A u g . 1 1910. In te re st sem i-a n n u a lly in F ast
M a tu rity $50 ,000 on A u g 1 In each o f the years 1920 and
1930. Certified ch eck fo r $ 1 , 0 0 0 Is re q u ite d .
™
East Rutherford School District
Bergen County, N. J.—B o n d s N o t Y e t
(P.
O. Rutherford)
Up to August 3
S o l d .—
no sale had yet been made of the §60,000 4 y 2 % coupon
bonds offered without success (V. 90, p. 1693) on June 14
Elizabeth City, No. Caro.— B o n d O f f e r i n g .— Proposals will
k e r n e d until 4 p. m. Aug, 10 by Z. Fearing, Mayor, for
§60,000 5% coupon street-improvement bonds The sue
««nnU
nnbL
dde? wiH a ls0 be s i v e n an °I)fcion 011 an additional
§60,000
bonds.
A u th o r it y C h a p ter 215, P r iv a te A c ts o f 1907.
D e n o m in a tio n $ 1 000
D ate d a y o f Issuance. In terest a n n u a lly In N ew Y o r k C ity .
M a tu r ltv
20 years. T h ese b on d s w ere ottered (V . 91, p . 107 ), bu t n o t s o ld .o n J u ly U
Eureka, Lincoln County, Mont,— B o n d S a l e .— On July 23
the §12,500 10-20-year (optional) water-works bonds
described in V. 91, p. 167, were sold to Chas. II. Coffin of
Chicago at 100.248 for 6 s. The Farmers’ and Merchants’
State Bank of Eureka offered par and a bid at par less the
cost of lithographing was also received from S. A. Kean
& Co. of Chicago.
, J a™ ont- Marion County, W. Va.— B o n d S a l e .— The
§69,000 water-works-improvement and the §6,000 Fourth
otieet budge 5% 30-year coupon bonds described in V. 91
p. 290, were sold on July 29 to the First National Bank of
t
f,fc , 105 and accrued interest—a basis of about
4.b88 / q . Bids at par were also received from S. A. Kean
A Co. ot Chicago and Field, Longstreth & Co. of Cincinnati.
Florida Mesa Irrigation District, Colo.— B o n d s V o t e d —
According to Denver papers this district, which was recently
organized, has voted to issue §1,060,000 bonds.
Fredonia, Chautauqua County, N. Y .— B o n d O f f e r i n g —
Proposals will be received until 7:30 p. m. August 10 by
II. L. Cumming, Village President, for §16,500 A V 2 % gold
registered street-paving bonds.
AT D e n o m in a tio n $ 1,650.
D ate A u g . 1 1910.
In te re st s e m i-a n n u a lly In
N ew Y o r k e x ch a n g e . M a tu rity $1,650 y e a rly o n A u g . 1 fro m 1911 t o 1920
Inclu sive.
u
Freeport, Stephenson County, 111.—B o n d s O f fe r e d b y
—The Harris Trust & Savings Bank of Chicago is
offering for sale §62,000 4)^% 20 -year refunding bonds.
Denomination §1,000. Date Aug. 1 1910. Interest semi
annually at the Harris Trust & Savings Bank in Chicago.
Freestone County Road District No. 1 , Te x . — B o n d O f f e r
in g .
1 roposals will be received until 12 m. Aug. 15 by
Judge for the Commissioner’s Court at
Fairfield, for the §50,000 5% coupon road-improvement
bonds registered by the State Comptroller on June 28
(V. 91, p. 168).
B a n k ers.
(optional) bonds registered by the State Comptroller on
June 17 (V. 90, p. 1092) were sold on July 17 to funds of
Delta County at par. Denomination §1,000. Date June 1
1910. Interest annual.
p osed .
[V O L . L X X X X I .
A cTts. o t tl.lc L egislatu re o f 1909.
D e n o m in a tio n $ 50 0.
D ate
I ® 1910. In terest a n n u a lly a t the S tate T reasu rer’s o ffic e In A u s tin .
™ C,,on°rnad3
AIat u rlty M ay 10 1950, s u b je c t to call a fter
I 9 0 9 ea$ 2 ’ 500 000^ Str Ct baS n ° d e b t a t present< A ssessed v a lu a tio n fo r
Gallon, Crawford County, Ohio.— B o n d S a l e .— The §12,000
2/o refunding bonds mentioned in V. 91, p. 108, were
a)v5;}dod on August 1 , it is stated, to the First National Bank
of Cleveland at 101.458.
Geauga County (P. O. Chardon), Ohio.— B o n d S a l e . —
Ihe First National Bank of Chardon purchased on August 1
at par the §20,000 4% coupon road-improvement bonds
described in V. 91, p. 290. A bid at par, less §145, was
also received from the Davies-Bertram Co., while Seasongood
& Mayer offered par, less a discount for attorney’s fees and
other expenses. Both bidders are of Cincinnati. Maturity
§ 1,0 0 0 each six months from April 1 1912 to Oct 1 1921
inclusive.
Gettysburg School District (P. O. Gettysburg), Darke
County, Ohio. B o n d O f f e r i n g . —Proposals will be received
until 12 in. to-day (Aug. 6 ) by J. II. Kniesly, Clerk Board
of Education, for §3,000 5% coupon school-building-complction bonds.
^ /
®iec.t:i ™ 3 3991' 3092 R e v is e d S ta tu te s.
D e n o m in a tio n s $90 0,
JthnT
anc*
D ate A u g . G 1010. In te re st M arch an d S e p tem b er
a t th e Treasurer s o ffic e . M a tu rity fro m 1911 to 1921 In clu sive.
C ertllled
ch e ck fo r 2 / o , p a y a b le to th e T reasurer o f th o B oa rd o f e d u c a t io n , Is re
q u ire d . B o n d e d d e b t . Including this Issue, $ 8 ,0 0 0 .
N o flo a tin g d e b t .
Assessed v a lu a tio n $31 0,48 0.
Gleason, Weakley County, Tenn.—B o n d s V o t e d . —Recently
this town voted in favor of a proposition to issue §6,000
concrete-walk bonds. The vote was, it is stated, 64 to 2 1 .
Graham School District, Los Angeles County, Cal.— B o n d
O f f e r i n g . —Proposals will be received until 2 p. m. Aug. 8 by
the Board of Supervisors, it is stated, for §25,000 5 % bonds.
D e n o m in a tio n $ 1 ,0 0 0 . In terest an n u a l.
A u g. 8 fro m 1916 t o 1940 In clu sive.
M a tu r ity
$1,000
y c a r lv
y
on
Greeley School District No. 6 (P. O. Greeley), Weld
County, Colo.— B o n d s V o t e d . —It is stated that this district
on July 28, by a vote of 55 to 8 , authorized the issuance of
§62.000 bonds.
Greenfield, Mass.—N o t e S a l e . —According to reports the
§45,000 4% coupon school notes offered but not sold’ on
July 9 (V. 91, p. 168) have been awarded at par and ac
crued interest as follows: §13,000 to local parties and §32 000 to Boston parties. Maturity §8,000 yearly on July 1 from
1911 to 1915 inclusive and §5,000 July 1 1916.
Greenfield Fire District No. 1 (P. o. Greenfield), Franklin
County, Mass.—B o n d s V o t e d . —Advices state that this
district has voted to issue §75,000 notes.
!* Grosse Pointe, Wayne County, Mich.— B o n d O f f e r i n g . _
Proposals will be received until 8 p. m. August 10 by William
G. Diegel, Village Clerk, t<5r §50,000 4% park-imdrovement
bonds.
A u th o rity ele ctio n held J u ly 11 1910.
D e n o m in a tio n $1 0 0 0
A u g . 15 1910. In terest a n n u a lly fit th o V illage T rea su rer’s o ffic e
tu rity A u g . 15 1910. Certified c h e ck fo r $250 Is requ ired
D a te
M a
353
THE CHRONICLE
Aua. 6 1910.]
Lincoln, Neb.—B o n d s D e f e a t e d . —The $100,000 park bonds
proposition submitted to the voters on June 30 (V. 90, p.
until 12 in. to-day (Aug. 6 ) by M. Kile, Clerk Board of Edu 1695) was, according to local papers, defeated. On the
same day the voters also defeated a proposition to issue
cation, for $8,00 0 4 y 2 % school-improvement bonds.
sewer bonds.
D e n o m in a tio n $800. D a te “ (la y o f s a le ." In te re st s e m i-a n n u a l. M a
Groveport School District (P. O. Groveport), Franklin
County, Ohio.—B o n d O f f e r i n g . —Proposals will bo received
tu r ity $800 y e a rly on S e p t. 1 fro m 1012 t o 1021 Inclu sive.
An election will be
held in this borough Sept. 20 to vote on a proposition to
issue the $150,000 street bonds mentioned in V. 91, p. 52.
Hammonton, Atlantic County, N. J.—B o n d S a l e .— I lie
$10 ,00 0 4 J4 % 30-year water-extension bonds, proposals for
which were asked until July 30 (V. 91, p. 108), wcie puichased by the ITaminonton Trust Co. of Ihunmonton at
100.125. Denomination $500. Date Jan. 1 1910. Interest
semi-annual.
Hancock, Houghton County, Mich.—B o n d S a l e . —On
July 20 the First National Bank of Hancock was awarded
$14,408 70 0% 1-4-year (serial) sewer assessment bonds
at par. Denomination $3,002 19. Date June 20 1910.
Interest semi-annual.
Haddonfield, N. J .—
B ond
E lec tio n —
Highgrove School District, Riverside County, Cal.— B o n d
—It is reported that the $3,000 bonds offered on July 18
(V. 91, p. 108) have been sold to the Riverside Savings
Bank & Trust Co. of Riverside for $3,020 (100.000) and
accrued interest.
Hobart, Okla.—B o n d S a l e . —A11 issue of $102,874 20
6 % bonds has been taken by the Warren-Quinlan Asphalt
Co. at par in payment for work performed.
S a le.
D en om in a tion $ 1 ,0 0 0 .
D ate M arch
S ep t. 1. M a tu rity S e p t. 1 1919.
Huntington,
Cabell
County,
8
1910.
W.
In te re st
a n n u a lly
Va.— B o n d
on
S a le -
to reports, the following bonds were sold on July 28
to the Western-German Bank of Cincinnati for $390,175
(102.077) and accrued interest:
A c c o r d in g ;
$ 8 0 ,0 0 0 5 %
75,000 5 %
225 .000 6 %
th e
b u lld ln g-slte b o n d s due In 30 y e a rs.
p a v in g an d sew er b o n d s (fifth series) d u e In 30 y e a rs.
street-im p ro v e m e n t b o n d s d u e $45 ,0 0 0 o n Ju n e 1 In each or
years 1912, 1914, 1916, 1918 an d 1920.
Iowa School District, Fresno County, Cal.— B o n d S a l e .—
Reports state that $9,000 6 % bonds were recently awarded
to the First National Bank of Fresno for $9,300—the price
thus being 103.333. '
Iron River, Iron County, Mich.—B o n d V o t e d . —A
proposition to issue $10 ,00 0 6 % water-extension and street
grading bonds was authorized at an election held July 14
by a vote of 62 to 20. The bonds will mature serially from
1911 to 1915 inclusive.
Itasca Independent School District (P. O. Itasca), Hill
County, Tex.—B o n d s R e g i s t e r e d . —On July 28 the State
Comptroller registered $35,000 5% 10-40-year (optional)
bonds.
Johnstown, Fulton County, N. Y . —B o n d S a l e . —C. E.
Denison & Co. of Cleveland purchased on July 29 the $15,000
4 j^% coupon school-building and site bonds described in
V. 91, p. 230, for $15,166 75 and accrued interest. The
following oilers were received:
C. E . D enison & C o .,C le v e l’ d . l 0 1 .111 A d a m s & C o ., N ew Y o r k — 100.746
H. M. G rant, N ew Y o r k _____ 100.021
B u m p u s-S tev en s C o ., D e tr o it.101.03
D ou gla s F e n w ick & C o ., N . Y . 100.38
G eo. M . I la h n , N ew Y o r k — 100.93
N . W . H arris & C o ., N . Y . . . 100.334
Isa a c W . Sherrill. P o u g h k ’s le .100.77
A . B . L ea ch & C o ., N . Y ____ 100.01
P e o p le s ’ H ank, J o h n s t o w n -.1 0 0 .7 0
Maturity $1,000 yearly on N o v . 1 fro m 1915 to 1929 Inclusive.
Kansas City, Kan.—B o n d S a l e . —We are advised under
date of Aug. 3 that the $5,585 Series B No. 3 and $2,372
Series A No. 10 5% 6 -year (average) bonds offered without
success on June 2 (V. 90, p. 1695) have been sold.
Keyser, Mineral County, W . Va. —B o n d s V o t e d . —The
voters of this place on July 25 authorized, it is stated, the
issuance of $30,000 water-works-improvement bonds.
Laconia, Belknap County, N. H . —N o t e S a l e . —This city
recently awarded $20,000 4% sewer notes to local investors.
Lawrence, Essex County, Mass.—B o n d O f f e r i n g .— Pro
posals will be received until 10 a. in. Aug. 10 by William A.
Kellihcr, City Treasurer, for $120,000 4% coupon or regis
tered paving bonds.
D en om in a tion $ 1 ,000.
D ate A u g . 1 1910.
In te re st se m i-a n n u a lly at
th e E liot N ational B a n k In B o sto n o r at the C ity T reasurer s o ffic e In L a w
ren ce. M atu rity $15 ,0 0 0 y e a rly on A u g . 1 fro m 1911 to 1918 Inclu sive.
T h e b on d s w ill be certified as to their genuineness b y th e O ld C o lo n y T ru st
C o. o f B os to n , w h ich c o m p a n y will fu rth er c e r tify th a t th e le g a lity o f the
Issue has been a p p ro v e d b y M essrs. S to re y , T h o rn d ik e , P a lm er & D od ge
o f B os to n , a c o p y o f w hose o p in io n w ill be deliv e re d to th e p u rch aser.
Lincoln School District
(P. O. Lincoln),
Neb.— B o n d s
—Local papers state that the proposed $315,000
school bond issue presented to the voters June 30 (V. 90,
p. 1695) failed to carry.
D efea ted .
Llewellyn School District (P. O. Artesia), Los Angeles
County, Cal.—B o n d E l e c t i o n . —To-day (Aug. 6 ) an election
will be held in this district to vote upon the question of is
suing $1,500 bonds.
Long Beach, Cal.—B o n d s N o t S o l d . —No bids were sub
mitted on July 29 for the $75,000 pier-improvement and the
$50,000 Belmont Heights pleasure-pier 4J^% 1-40-year
(serial) gold coupon bonds described in V. 91, p. 230.
Los Angeles, Cal.— A d d i t i o n a l
S a le s o f O w en s R iv e r B o n d s .
—We are informed that $1,530,000 more of the $23,000,000
Owens River Acqueduct system bonds have been disposed of
as 4)^s as follows: $530,000 delivered to A. B. Leach & Co.
and Kountze Bros., 8500,000 awarded to the New York Life
Insurance Co. and $500,000 to the Metropolitan Life Insur
ance Co., all of New York City. As previously reported by
us, an option was given to Kountze Bros, and A. B. Leach
& Co. in July 1908 on $17,886,400 bonds of this issue, that
being the part remaining unsold at that time. As the city
was in need of more money immediately to carry on the work,
the syndicate agreed to release its option on $1 ,000,000 of
the bonds. This makes a total of $13,375,600 bonds dis
posed of to date. See V. 90, p. 648.
Louisville, Ky. —B o n d s to be I s s u e d . —This city, according
to local papers, will issue in the fall, $350,000 refunding
bonds in denomination of $1,0 0 0 each.
Lovington, Moultrie County, 111.—B o n d S a l e . —On Aug. 1
the $2,500 5% water and light bonds mentioned in V. 90,
p. 1255, were purchased by the Hardware Bank of Lovington at par.
Lucas County (P. O. Toledo), Ohio.— B o n d O f f e r i n g .—
Proposals will be received until 10 a. m. Aug. 12 by C. J.
Sanzenbacher, County Auditor, for $30,606 4
bridgeimprovement and repair bonds.
A u th o rity S ection s 2434, 2435 and 5638, G eneral C od e.
D e n o m in a tio n
$500, e x c e p t on e bon d fo r $106.
D ate A u g . 22 1910. In te re st s em i
an n u ally at th e C o u n ty T reasu rer’s o ffic e .
M atu rity o n A u g . 22 as fo llo w s :
$2,606 In 1911, $3,000 y e a rly f .o m 1912 to 1917 Inclu sive an d $2,500
y e a rly fro m 1918 to 1921 In d u s’ re. Cash o r certified c h e c k o n a T o le d o
ban k fo r $1,000 Is requ ired .
B e n d s t o be deliv e re d A u g . 22.
McConnellsville, Morgan County, Ohio.— B o n d S a l e . —On
Aug. 3 the $8,500 4% coupon street-paving bonds described
in V. 91, p. 291, were sold to the Citizens’ Savings & Loan Co.
of McConnellsville at 101 and accrued interest. A bid of
par less $85 was also received from the Davies-Bertram Coof Cincinnati. Maturity S500 each six months from July 1
1922 to July 1 1930 inclusive.
McKittrick School District, Kern County, Cal.— B o n d
S a le .
—Barroll & Co. of Los Angeles are reported as having pur
chased $3,000 8 % bonds at 105.24.
Malden, Mass.—B o n d S a l e . —The following 4% bonds
were sold on July 12 to E. H. Rollins & Sons of Boston at
1 0 1 .2 2 and accrued interest:
$35 ,0 0 0 3 0 -y e a r sew er b o n d s. $5,0 0 0 1 -5 -y e a r (serial) street b o n d s, $ 1 0 ,
000 1-1 0 -ye a r (serial) su rfa ce -d ra in a g e b o n d s an d $5,000 1 -5 -yea r (serial)
b rtck -sld e-w a lk b o n d s.
D e n o m in a tio n $ 1 ,0 0 0 .
D a te M ay 1 1910. I n
terest sem i-ann ual.
Mansfield School District
County, Ohio.— B o n d s N o t to
(P. O.
Mansfield), Richland
—In reply to our
inquiry as to whether the $7,500 4% high-school-buildingimprovement bonds, bids for which were rejected on June 18
(V. 91, p. 54), would again be offered for sale, we are ad
vised that the “ bonds will not be sold, as we do not need
them.”
Marlborough, Mass.—B o n d O f f e r i n g . —Proposals will be
received until 3 p. m. Aug. 8 by Charles F. Robinson, City
Treasurer, for $50,000 4% coupon sewer bonds.
be R e - O f f e r e d .
D en om in a tion $ 1 ,0 0 0 .
D ate J u ly 1 1910.
In te re st s em i-an n u ally In
B o s to n .
M atu rity $2,000 y e a r ly on J u ly 1 fro m 1911 t o 1935 In clu sive.
T h e b o n d s are e x e m p t fro m t a x a tio n . T h e genuineness o f the b o n d s w ill be
certllled t o b y the O ld C o lo n y T ru st C o . o f B o s to n , w h o w ill fu rth er c e r tify
th a t the le g a lity o f th e Issue has been a p p r o v e d b y S to r e y , T h o rn d ik e ,
P a lm er & D o d g e o f B o s to n , a c o p y o f w hose o p in io n w ill be deliv e re d t o the
purch aser free.
Lee County (P. O. Tupelo), Miss.—B o n d S a l e . —The
Marshallville, Macon County, Ga.—B o n d s V o t e d . —At an
People’s Bank it Trust Co. of Tupelo purchased $100,000 election held in this place July 25 an issue of school bonds
5 J^% road-construction bonds on July 14 at par.
was voted.
D en om in a tion $500.
D a te J u ly 1 1010.
In terest s e m i-a n n u a l.
M a
Massachusetts.—T e m p o r a r y L o a n . —A loan of $1,000,000,
tu r ity J u ly 1 1935, $500 b ein g s u b je c t to call each y e a r b e g in n in g 1921.
Lewis County (P. O. Lowville), N. Y .— B o n d O f f e r i n g .— due Oct. 22 1910, has been negotiated.
Massena (P. O. Massena), St. Lawrence County, N. Y .—
Proposals will be received until 4 p. in. August 8 by Everett
Williams, County Treasurer, for $20,000 5% coupon court B o n d O f f e r i n g . —Proposals will be received until 2 p. m.
Sept. 2 by the Town Supervisor for $40,000 4% coupon
house-addition bonds.
highway bridge bonds.
A u th o rity Chapters 16 and 29, L a w s o f 1909.
D e n o m in a tio n $500 .
D ate A u g . 10 1910.
Interest a n n u a lly o n F eb 10 at the C o u n ty T re a su re r’ s
o ffic e
M aturity $4,000 y e a rly o n F eb . 10 fto m 1911 to 1915 In clu sive.
T h e su ccessfu l bidders will be required to p a y fo r 5 % o f th e a m o u n t a w a rd e d
th em w ithin 48 hours a fte r re ce iv in g such n o tice .
B o n d e d d e b t , th is Issue
F lo a tin g d e b t , $ 8,000. A ssessed v a lu a tio n fo r 1909, $ 1 0 ,8 0 0 ,2 9 0 .
T h e se
b on d s w ere olfcred w ith o u t success as 4s ( V . 91, p . 230) o n J u ly 15.
PSLiberty Township (P. O. Ohio City), Van Wert County,
Ohio.—B o n d S a l e . —The $12,000 4
coupon road-improve
ment bonds offered on Aug. 1 and described in V. 91, p. 291,
were awarded, it is stated, to Stacy & Braun of Toledo at
102.525.
D e n o m in a tio n $ 1 ,0 0 0 .
D ate A u g . 1 1910. M a tu rity fro m A u g. 1 1911
to A u e . 1 1930 In clu sive. C ertified ch e ck fo r $50 , p a y a b le t o the T o w n
Supei v is o r, Is re q u ire d .
B o n d e d d e b t , n o t In clu d in g th is Issue, $22 ,0 0 0 .
Massillon, Stark County, Ohio.—B o n d O f f e r i n g . —Propos
als will be received until 12 m. Aug. 1 1 by It. J. Krisher,
City Auditor, for $1,920 4
street-improvement (city’s
portion) bonds.
A u th o rity , S e ctio n 283 5, R e v is e d S ta tu te s .
D e n o m in a tio n $960.
D ate
A u g. 1 1910.
In terest s em i-an n u al. M a tu rity $960 on A u g. 1 1912 an d
$960 o n A u g . 1 1913. C ertified c h e ck fo r 2 % o f b o n d s b id fo r , p a y a b le to
the C ity T re a su re r, Is re q u ire d .
P u rch a ser to p a y a ccru e d Interest.
354
THE CHRONICLE
[ VOL. L X X X X I .
bonds are due $23,000 yearly on Jan. 1 from 1930 to 1933
inclusive and $22,000 on Jan. 1 1934.
school-building bonds described in V. 91, p. 292, were sold
North Dakota.— B o n d s P u r c h a s e d b y th e S ta te D u r i n g J u l y .
on Aug. 1 to the Provident Savings Bank & Trust Co. of Cin —The
following 4% bonds, aggregating $119,800, were dis
cinnati at 105.70 and accrued interest. A list of the bidders posed of
at par to the State of North Dakota during the
follows:
month of July:
P Middletown School District (P. 0 . Middletown), Butler
County, Ohio.— B o n d S a l e .—The $125,000 4 y 2 % coupon
P r o v .S a v .B k .& T r .C o .,C ln _ .5 1 3 2 ,1 2 5 1W e ste rn -G e rm a n I lk ., C ln _ _ 5130,700
W e ll, R o th ft C o ., C ln_____ 131,814 |
M atu rity p art yea rly o n A u g . 1 Irom 1915 t o 1950 In clu sive.
Miles, Runnels County, Tex.— B o n d s N o t Y e t S o l d . —No
sale has yet been made, we are informed, of the $20,000 5 %
water-works bonds described in V. 90, p. 1696.
Milwaukee, W is. —B o n d O f f e r i n g . —Proposals will be
received until 1 1 a. m. August 10 by the Commissioners of
the Public Debt at the office of Carl P. Dietz, City Comp
troller, for the following 4j/£% coupon bonds:
550 ,000 w est sew erage b o n d s .
D e n o m in a tio n s : 40 b o n d s o f 51,000 each
an d 20 b on d s o f 3500 e a c h .
3 0 .0 0 0 sou th sew erage b o n d s .
D e n o m in a tio n s : 20 b o n d s o f 51,000 each
an d 20 b on d s o f 5500 e a ch .
2 5 .0 0 0 a u d itoriu m b o n d s.
D e n o m in a tio n s : 20 b o n d s o f 51,000 each and
20 b on d s o f 5250 e a ch .
A u th o rity , C h apters 4 0 b an d 41 o f the S ta tu te s o f 1898 and A cts a m e n d
a t o r y thereof an d s u p p le m e n ta l th e r e to .
D ate J u ly 1 1910. In terest
sem i-a n n u a lly at the C ity T re a su re r’s o ffic e o r a t the G u a ra n ty T rust C o.
In N ew Y o r k C ity .
F iv e p er c e n t o f the b o n d s m atu re ea ch year.
B ids
are requ ested o n e a ch Issue s e p a ra te ly an d also o n the en tire Issue c o l
le ctiv e ly .
Miners Mills, Luzerne County, Pa.—B o n d s N o t S o l d . —
An issue of $15,000 5% 1-15-year (serial) sewer bonds was
offered without success on July 27. Denomination $500.
Interest January and July.
Minneapolis, Minn.— B o n d s A w a r d e d i n P a r t . —Local
papers report that of the $150,000 park bonds (the unsold
portion of the issue of $200,000 4% coupon bonds due July 1
1939 and mentioned in V. 91, p. 231, $19,000 were disposed
of on July 23 at private sale.
Mobile, Ala.—B o n d O f f e r i n g . —Proposals will be received
until 12 m. Aug. 15 by Pat J. Lyons, Mayor, for $117,000
5 % coupon public-works bonds.
A u th o r it y S ection 136, M u n icipa l C od e.
D e n o m in a tio n 51,000. D ate
S e p t. 1 1910. In terest s em i-an n u ally In N ew Y o r k C ity .
M a tu rity “ o n e ten th o r m ore each y ea r a t a p rem iu m o f 2
plus In te re s t."
B on ds are
e x e m p t from S tate an d c it y ta x e s . C ertified ch e ck fo r 2 % , p a y a b le t o th e
M a y o r , Is requ ired .
Monmouth School District No. 38 (P. O. Monmouth), 111.—
B o w m a n C o u n ty S ch o o l D is tr ic t N o . 2— 5700 sch o o l-b u ild in g b o n d s d a ted
J u ly 1 1910 an d due J u ly I 1925.
C arter S c h o o l D istrict N o. 20, P e m b in a C o u n ty — 5700 r e fu n d in g b o n d s
d a te d J u ly 1 1910 and d u e J u ly 1 1925.
G reen V a le S ch o o l D istrict, O liver C o u n ty — 5000 s c h o o l-b u ild in g b on d s
d a te d A p ril 1 1 9 1 0 an d d u e A p ril 1 1920,
H all S c h o o l D is tr ic t, S argen t C o u n ty — 55,000 s c h o o l-b u ild in g b o n d s d a ted
J u ly 1 1910 an d d u e J u ly 1 1920.
H ig h la n d S c h o o l D istrict N o . 51, W illia m s C o u n ty — 51,800 s c h o o l-b u ild in g
b o n d s d a te d Ju n e 1 1910 an d d u e Jun e 1 1920.
J a m e s to w n In d e p e n d e n t S ch o o l D istrict (P . O . J a m e s to w n )— 5 2 4 ,0 0 0
s c h o o l-b u ild in g b o n d s d a te d A p ril 15 1910 an d due A p ril 15 1930.
J o h n so n S ch o o l D istrict N o . 26, T o w n e r C o u n ty — 51,000 s c h o o l-b u ild in g
b o n d s d a te d J u ly 1 1910 and due J u ly 1 1930.
M ed icin e B u tte .School D istrict, M ercer C o u n ty — 51,700 s c h o o l-b u ild in g
b o n d s d ated Jun e 1 1910 an d d u e Jun e 1 1920.
N o rw a y S ch o o l D istrict N o . 12, M cH e n ry C o u n ty — 56,500 s c h o o l-b u ild in g
b on d s d a te d J u ly 1 1910 a n d d u e J u ly 1 1930.
O ak Creek S ch o o l D istrict N o . 4 , B o ttin e a u C o u n ty — 56,000 s c h o o l-b u ild
ing b on d s d a te d Ju n e 1 1910 a n d d u e Ju n e 1 1930.
Sargen t C o u n ty — 550 ,000 co u r t-h o u s e b on d s d a te d J u ly 1 1910 a n d due
J u ly 1 1930.
S h e rw o o d , W a rd C o u n ty — 54,500 Ore-hall a n d ap p aratu s b o n d s d a te d
J u ly 1 1910 and d u e J u ly 1 1930.
V a lle y C ity, Barnes C o u n ty — 515 ,000 city -h a ll b o n d s d a te d Ju n e 1 1910 a n d
d u e 55,000 o n Ju n e 1 In each o f the years 1917, 1922 and 1925
W Infleld S ch o o l D istrict N o . 41, S tu tsm an C o u n ty — 52,000 s c h o o l-b u ild in g
b o n d s d a te d J u ly 1 1910 an d d u e J u ly 1 1930.
Ocheyedan, Osceola County, Iowa — B o n d S a l e — The
$12 ,0 0 0 5% 10 -year water-works bonds voted on June 13
(V. 90, p. 1697) were sold on July 2 2 .
Okanogan, Okanogan County, Wash.— B o n d s N o t S o l d .—
There were no bidders for the $6,000 6 % 10-20-year (optional)
water-works bonds offered (V. 91, p. 231) on July 28.
Ossining, Westchester County, N. Y .— B o n d S a l e . —The
Village Clerk advises us that the $121,000 5.29 (serial)
street-improvement bonds offered on Aug. 2 and described
in V. 91, p. 293, were awarded to A. B. Leach & Co. of
New York at 100.41 for 4j/^s. The bids were as follows:
A . B . L e a ch & C o ., N . Y _ a 5 1 2 1 ,496 101 K o u n tz e B r o s ., N . Y _ _ a 5 1 2 1 ,0 6 1 79
N . W . H arris & C o ., N . Y a l2 1 ,4 2 2 29| Ferris ft W h ite , N . Y ..2 :1 2 1 ,6 1 7 00
a F o r 4 M s . x F o r 4.60s.
D ate A u g . 1 1910. In te re st sem i-a n n u a l.
Petaluma School District, Sonoma County, Cal.— B o n d s
—Of a total of 125 votes cast at an election held V o t e d . —A proposition to issue $45,000 4%% school-house
July 19, 121 were in favor of a proposition to issue $47,000 bonds carried by a vote of 598 to 39 at an election held re
cently.
4 x/i % 10-19-year (serial) high-school-building bonds.
Pella, Iowa.— P r i c e P a i d f o r B o n d s . —We arc advised that
Monroe School District (P. O. Monroe), Monroe County,
Mich.— B o n d s V o t e d . —An election held July 28 to vote on the price paid for the $10 ,0 0 0 6 % sewage-disposal and
the question of issuing $50,000 building bonds resulted in purifying-plant bonds awarded on July 11 to the Investors’
favor of the issue by a vote of 192 “for" to 143 “against." Securities Co. of Des Moines (V. 91, p. 293) was par.
e n o m in a tio n 5500.
D a te J u ly 1 1910. In terest s e m i-a n n u a l. M atu r
We are informed that it will be at least four or five months ityD52,000
y e a rly o n J u ly 1 fro m 1916 t o 1920 In clu sive.
before the bonds are put upon the market.
Philip, Stanley County, So. Dak.— B o n d O f f e r i n g . —Pro
Montgomery, Ala.—B o n d S a l e . — Local papers report that
will be received until Aug. 8 by A. S. Anderson, City
the $100,000 5% 30-year gold coupon funding bonds described posals
Auditor, for the $13,000 5% water-works bonds voted on
in V. 91, p. 169, have been placed in Boston.
May 31 (See V. 90, p. 1629).
Montgomery Township (P. O. Ashland), Ashland County,
D e n o m in a tio n $500.
In te re st s e m i-a n n u a l.
M atu rity 20 years, s u b je c t
Ohio.—B o n d S a l e . —An issue of $19,000 4^% road-improve t o call a fte r 10 y e a rs .
ment bonds was disposed of on July 10 to the First National
Pierce County (P. O. Rugby), No. Dak.— B o n d O f f e r i n g .—
Bank of Ashland on a 3%% basis.
Proposals will be received until 2 p. m. Aug. 9 by II. Albert
D e n o m in a tio n 5500.
D a te A u g . 1 1910. In te re st sem i-an n u al. M aturson for the $70,000 court-house-building and $15,000 jail
t y fr o m F'cb. 1 1911 t o A u g . 1 1924 Inclu sive.
building 4% registered bonds voted on June 29 (V. 91.
Newman School District (P. O. Newman), Stanislaus p. 170).
v
’
County, Cal.—N o B o n d E l e c t i o n . —In reply to our inquiry
A u th o rity , A rticle 22, C h apter 28, 1905 C o d e .
D e n o m in a tio n 55000
D ate A u g 1910.
In te re st sem i-a n n u a l.
M a tu rity A u g. 1930.
B on ds,
as to the result of the election held in this district July 5 to are
x -e x e m p t .
B o n d e d d e b t, Inclu din g these Issues, 5 9 6 ,0 0 0 . F lo a t
vote on a proposition to issue $1,0 0 0 bonds, we are informed ing ta
d e b t , 5 1 .2 8 9 .
A ssessed v a lu a tio n 1909, 5 4 ,2 6 0 ,2 9 3 .
that no such election took place.
Poquoson School District (P. O. Poquoson), York County,
New Philadelphia, Tuscarawas County, Ohio.— B o n d s V a.— B o n d S a l e . —Reports state that the $6,000 30-year
V o t e d .—The question of issuing the $130,000 water-works school-building bonds voted on Feb. 22 (V. 90, p. 650) were
bonds mentioned in V. 91, p. 54, was favorably decided at an disposed of last month to local investors.
election held Aug. 2 by a vote of 1,324 “for” to 67 “against."
Putnam County (P. O. Ottawa), Ohio.— B o n d O f f e r i n g .—
New York City.—B o n d S a l e . —During the month of July Proposals will be received until 12 m. Aug. 6 by the Board
the Sinking Fund of this city purchased the bonds given of Commissioners for the following 5% coupon bonds:
below at par:
523 ,000 Joseph S lefker S to n e R o a d Im p ro ve m e n t b o n d s.
M atu rity on
B o n d s V o ted .
P u rp o se—
V a riou s m u n icipa l pu rposes
R a p id transit b o n d s ...............
W a te r b o n d s _________________
A ssessm en t b o n d s ___________
G eneral fu n d b o n d s ...............
Int.R ate. M a tu r ity .
.
3
1959
.
4
1959
.
3
1959
.
3
1910
.
3
1930
A m ou n t.
5142,170
3,550
63,625
500
4 ,000,000
T o ta l
54,210,325
The following revenue bonds (temporary securities) were
also issued during July:
Interest.
4
4
4>£
3
A m ou n t.
52,411,715
605,791
350,000
50,000
T o t a l ............................................................................. .................................
53,417,506
R evenue
R evenue
R evenue
R evenue
b on d s,
b on d s,
b on d s,
b on d s,
current ex p e n s e s_______________________
cu rren t ex p e n s e s _______________________
s p e c ia l_________________________________
s p e c ia l_________________________________
—On Aug. 1 the $400,000
water and the $114,000 sewer 4 ^2 % gold registered bonds
dated Aug. 1 1910 and described in V. 91, p. 231, were sold
to W. C. Langley & Co. of New York City at 102.133 and
101.37 respectively. Purchasers to pay accrued interest.
The other bidders were:
Niagara Falls, N. Y .— B o n d
S a le.
B lo d g e t & C o. (b o th Issues)--------------------------------------------------------------N . N . H arris ft C o. (b o th I s s u e s )....................................................... ..
K o u n tz e B ros, sew er _____________________________________________ ,
w a t e r ......................................... . ......................................................... \
A . B . L ea ch ft C o. (b o th Issues)____________________________________
P a rk in son & B urr (b o th Issu es)___________________________________
101.788
101.084
l o o 813
101.072
100.933
100.3333
S e p t. 1 as fo llo w s: 53,000 In 1915 an d 55,000 y e a rly fro m 1916 t o
1919 In clu sive.
B a rn e y A e lk e r S to n e R o a d Im p rovem en t b o n d s. M a tu rity 52,0 0 0
on S e p t. 1 1915 anti 53,0 0 0 y e a r ly on S e p t. 1 fro m 1916 to 1919
Inclu sive.
A u th o r it y S e ctio n 4670-19 R e v is e d S tatu tes.
D e n o m in a tio n 51,003.
D ate Stm t. 1 1910.
In terest se m i-a n n u a lly at th e C o u n ty T reasu rer’s o f
fice In O tta w a .
Cash o r certified ch e ck on a bank In O ttaw a fo r SI 000
Is re q u ire d .
P u rch a ser to p a y accru e d Interest, to furnish blank b on d s
an d p a y fo r tra n scrip t o f p r o ce e d in g s . J . K erstin g Is C o u n ty A u d ito r
T h e b o n d s are ta x e x e m p t .
14,000
Radford, Montgomery County, Va .— B o n d S a l e . _On
July 28 the $21,000 5% 30-year normal-school-property
bonds described in V. 91, p. 232, were disposed of to local
investors at par.
B o n d s N o t S o l d . —No satisfactory bids were received for
the following 5% 30-year bonds, also offered on July 28
(V. 91, p. 232): $35,000 for public-school improvements,
$25,000 for street and court-house improvements and $17,000
for refunding bonds of the old town of Radford.
Randall County Common School Districts Te x . —
B onds
—Bonds of the following districts of this county
were registered by the State Comptroller on July 25: $2,000
of District No. 19, $1,500 of District No. 18 and $1,500 of
District No. 20. The securities carry 5% interest and
mature in 20 years, but are subjject to call after five years.
R e g iste r e d .
Redmon School District No. 80 (P. O. Redmon), Edgar
The above bidders are of New York City and all offered County,
111.— B o n d S a l e . —This district has disposed of the
accrued interest in addition to their bids. The $400,000 $10,000
1-8-year (serial) coupon bonds described in
water bonds mature Jan. 1 1940, while the $114,000 sewer V. 90, p.7%
1698.
A u g . G 1910.
THE CHRONICLE
355
Ridgefarm School District No. 207 (P. O. Ridgefarm) 12 m. on that day by H. C. Jacoby, Clerk Board of Edu
Vermilion County, 111.— B o n d O f f e r i n g .—Proposals will be cation.
recetved until 2 p. m. August 8 by R. W. Fisk, Secretary of
Juvn,e 21 191° D e n o m in a tio n $500.
D a te
the Board of Education, for $20,000 5 % registered school SMeilen 'w TMi l ai ot uerml t vwS L1s*h.eld
‘ s p a y a b le at the F a rm ers' N a tio n a l B a n k o f S even
bonds.
b on d s are t a x L t m n /
\IarPh 1 fro m 1911 to 1924 In clu sive. T h e
t^ C le rk B o a ^ r^ d u c a tT o n ?^ S f f i d d " 5% 01 bld* madc payable t0
a n n u a lly at R id g e fa r m , o r In th e h o m e c it y o f th e p u rch a ser
.
M a tu rity $ 1 ,250 y e a r ly fro m 1915 to 1930 Inclu sive. C erti
fied c h e ck fo r 5 % o f the b on d s Is re q u ire d .
Rippey, Greene County, Iowa.— B o n d s N o t S o l d .—A letter
received by us on Aug. 1 states that no award had yet been
made of the $7,000 5% 10-20-year (optional) water-works
bonds, bids for which were asked (V. 91, p. 170) until July 20.
Rochester, N. Y .— N o t e S a l e s .—The $300,000 renewal
local-improvement 8 months’ notes offered on Aug. 4 (V. 91,
p. 293) were awarded as follows:
„ „ ,,
f ( 5 % ) _ ................................ .................. .................. $100,000
L . R o b b in s , R o c h e s te r (5 H % ) ______________________
_
50,000
(5 )4 % )
......................................... ............. ..
50,000
_ \ ( 5 % % ) -------------------------------------------------------50,000
H . L ee A n s te y , N ew Y o r k ( 5 % % ) ____________ _______________________
50,000
$ 1 ^ 0 0 hOrD L e A D r ? lt l ° i 9 t o SemTn1ty o f . M arylan d o f 1910.
On the same day (Aug. 4) the $100,000 water-works-im
provement renewal 8 months’ notes (V. 91, p. 293) were
awarded to Sutro Bros. & Co. of New York at par and a
premium of $28 for 5s.
Rosedale School District (P. O. Rosedale), Wyandotte
County, Kans.— B o n d S a l e .—This district recentlv sold
$13,900 5% building bonds to the Commerce Trust ‘Co. of
Kansas City, Mo., at par and interest. The bonds are
dated July 1 1910 and mature July 1 1930.
Russellville, Franklin County, Ala.— B o n d E l e c t i o n .—An
election will be held Aug. 8 , according to reports, to vote on
propositions to issue $7,000 refunding and $3,500 schoolimprovement bonds.
St. Francis Levee District, Ark. — D e s c r i p t i o n o f B o n d s .—
We are advised that the $710,000 5 % coupon refunding
bonds authorized on June 20 (V.90,p. 1698) are in denomina
tion of $1,000 each and are dated Julv 1 1909. They mature
July 1 1959, but are subject to call after July 1 1939. Inter
est semi-annually in New York or Minneapolis.
St. John, Stafford County, Kan.— B o n d O f f e r i n g . —Pro
posals will be received until 3p.m. Aug. 10 by A. O. Seevers
City Clerk, for $10,000 5% 20-year sewage-disposal-works
and outfall-sewer bonds; also $27,500 5 % 1-10-year sewer
district bonds. Certified check for 5% of bid, payable to
the City Treasurer, is required.
Salem, Ore.— P u r c h a s e o f W a t e r P l a n t P r o p o s e d .—An elec
tion will be held Aug. 15 to allow the voters to determine
whether or not the city shall purchase the local water plant.
Salem School District (P. O. Salem), Marion County, Ore.
— B o n d s V o t e d .—This district, it is stated, voted to issue
$40,000 school-improvement and refunding bonds at an
election held July 29.
San Diego, Cal.— B o n d E l e c t i o n .—Propositions to issue
the following 4y 2 % gold bonds, aggregating $3,513,000,
will be submitted to a vote of the people on Aug. 9 :
« i P 3 n 2 V or^ E ast P o in t L o m a B o u le v a rd ; $5,5 0 0 fo r F o rt S to c k to n R o a d ;
$ 18 ,000 fo r the co n s tr u c tio n o f a bo u le v a rd fro m L a J olla t o the n o rth e rly
b o u n d a r y o f th e c it y ; $3,000 fo r th e co n s tr u c tio n o f V o lta ire Street; $3,000
fo r th e c o n s tr u c tio n o f L o m a Pass B o u le v a rd ; $ 1 8 ,0 0 0 fo r the co n s tru ctio n
o f a b ou lev a rd o n th e n orth side o f M ission V a lle y ; $17 ,500 fo r a bridge
D lce o R v er; $13 000 fo r th e a c q u is itio n o f M em orial G rou n ds,
531 0,00 0
fo r an a d d itio n to the w ater sy s te m ; $92 ,500 to e x te n d the sew er
sy s te m north o f U pas S treet an d east o f In d ia n a S tre e t; $26 000 to exten d
th e sew er system north o f J u n ip e r S tre e t to U n iv ersity A v e n u e an d east o f
th e c it y park ; $74 ,5 0 0 to e x te n d th e sew er system Into th e su bu rbs o f San
D ieg o an d a g r a v ity line o f sew ers to ca rry th e sew age n o w han dled b v the
e je c t o r a t F ifth S treet an d U n iv e rsity A v e n u e ; $52 ,000 to co n s tr u c t a svstem o f sew ers In C h ollas V a lle y ; $14 ,000 to co n s tr u c t a system o f sew ers at
R a clllc B ea ch ; $50 ,000 fo r a storm drain fo r the N an d 28th streets d istrict$ 4 5 ,0 0 0 fo r a g a rbag e In cin era tor plan t; $140,000 to p urchase a site fo r a
n ew c it y hall; $94 ,000 fo r th e lire d e p a rtm e n t; $1,0 0 0 ,0 0 0 t o Im p ro v e th e
1 ,400-acre p u b lic park an d $ 1 ,5 0 0 ,0 0 0 fo r gas, e le ctrlc-llg h t, heat an d u o w e r
w ork s .
v
San Joaquin County (P. O. Stockton), Cal.— B o n d O f f e r
.—Proposals will be received until 10 a. m. Aug. 9 by the
Board of County Supervisors for $500,000 5% highway
bonds. These securities are part of the issue of $1,890,000
bonds voted in March 1909, $290,000 of which were disposed
of (V. 89, p. 490) on Aug. 3 1909.
in g
In terest Is pa y a b le a t K ou n tz e B ros. In N ew Y o r k C ity o r at th e C o u n ty
T re a s u ry , a t the o p tio n o f the h old er. T h e le g a lity o f the bon d s will be
a p p r o v e d b y D illon & H u b b a rd o f N ew Y o r k C ity .
B id m ust be m ade o n a
b lan k fo rm furnish ed b y F u ge n c D . G ra h am , C o u n ty C lerk, or b y D illo n &
H u bbard .
T h e o f fi c i a l n o tic e o f th is b o n d o f fe r i n g w i ll be f o u n d a m o n g
th e a d v e r tis e m e n ts e ls ew h er e i n th is D e p a r t m e n t .
San Luis Rey School District, San Diego County, Cal.—
—G. G. Blymyer &Co. of San Francisco purchased
on July 7 the $3,600 6 % 1-12-year (serial) school-building
and improvement bonds voted (V. 90, p. 1510) on May 14.
The price paid was $3,666 (101.833) and accrued interest.
Denomination $300. Date June 7 1910. Interest*annual.
Schenectady, N. Y .— C e r ti f i c a t e S a l e .—On Aug. 2 the
$100,000 certificates due Feb. 2 1911 and described in V. 91,
p. 294, were disposed of at par for 5 % s .
Scranton, Pa.— B o n d s A u t h o r i z e d .—Local papers state
that an issue of $75,000 viaduct bonds has been authorized
by this city.
Seven Mile School District (P. O. Seven Mile), Butler
County, Ohio.— B o n d O f f e r i n g .—Additional details arc at
hand relative to the offering on Aug. 11 of the $7,000 4)^%
coupon school-building-repair bonds mentioned in V. 91,
p. 171. Proposals for these bonds will be received until
B o n d S a le .
Sevier County (P. O. Seviervilie), Tenn.— B o n d S a l e .—
county has turned over to the K. S. & E. Railroad at
par an issue of $150,000 5% 20-year railroad-aid bonds.
amiuaJinatl0n S1’°00' Date July 1 191°- interest semi
n Somerset County (P. O. Princess Anne), Md.— B o n d
I'TjT 9 n roposals Wl11 be received until Aug. 9 by R. F.
Maddox, County Treasurer, for $25,000 4 y 2 % couponihighschool-building-erection bonds.
1 1 ns
D e n o m in a tion
ate informed that the remaining $9,000 bonds will be offered
*9 nnnn atGr ° 5 ' ,Theseusecurities take the place of the
$20,000 coupon dock and harbor-improvement bonds offered
without success on June 20 (V.|90, p. 1698), which have been
canceled.
Southold Union Free School District No. 9 (P. O. Mattinnn
County, N. Y.—B o n d S a l e . —An issue of $12,
000 5% school-building-addition bonds was disposed of on
July 25 to the Southold Savings Bank of Southold at 104.50.
w i t nr1
1
D a te A u g . 1 1910.
In terest J a n . 1 an d J u ly 1.
M atu rity $600 y e a r ly o n J a n . 1 fr o m 1911 to 1930 Inclu sive.
*
South Omaha, Neb.—Rond S a l e .— The $203,300 5 - 10 -year
(optional) coupon paving bonds (the unsold portion of the
15 issues of bonds, aggregating $255,300, mentioned in
,v .>Phave been awarded, according to local papers,
to topitzer & Co. of Toledo at par and accrued interest for 5j^s.
South San Joaquin Irrigation District (P. O. Manteca),
San Joaquin County, Cal.—B o n d s A w a r d e d in P a r t .— Reports
state that $459,500 more of the $1,875,000 5 % 30-year irri
gation bonds mentioned in V. 91, p. 0 6 , have been disposed
of at par, $325,000 going to Thomas Archer, representing
Turlock interests, and $134,500 to local investors. ” This
makes a total of $801,500 bonds sold to date.
Stromsburg School District (P. O. Stromsburg), Polk
County, Neb.—B o n d S a l e . —An issue of $18,000 5 % school
building bonds was recently disposed of,' it is stated, to a
broker of Lincoln at par.
Summit, Union County, N. J.—B o n d s P r o p o s e d . —Papers
state this city is considering the issuance of $72,000 stormsewer bonds.
Syracuse, N. Y.—B o n d O f f e r i n g . —Proposals will be re
ceived until 1 p. m. Aug. 16 by M. E. Monahan, City Comp
troller, for the following 4j^% registered local-improvement
bonds:
$ 1 6 0,00 0 b o n d s
D e n o m in a tio n $500 o r a n y m u ltip le th e r e o f.
M a tu rity
„ „ nnn 510 ,000 y e a rly o n J u ly 15 fro m 1911 t o 1920 Inclusive.
27,000 bond s
D e n om in a tion $100 o r a n y m u ltip le th e r e o f.
M atu rity
a ..
S o ,400 y e a rly o n J u ly 15 fro m 1911 to 191 5 In clu sive.
t o™U t™ l 3*’ C1T ip t9 f 684, 1905 L a w s, and p ro v is io n s o f S e c o n d Class Cities
L a w , C h apter o 3 , C on solid a ted L aw s, an d a m e n d m e n ts th e re to .
D ate
4 ,‘ l y , l j } 910,;. . In ter?,si sem i-an n u al.
T h e bon d s are e x e m p t fro m t a x e s .
.)vliU )0 certJ fl ? d as t o th eir genuineness b y th e C olu m bia T ru st Co.
In N ew Y o r k C ity , an d th e legality o f th e bond s w ill be e x a m in e d b y Messrs.
C aldw ell & R eed o f N e w Y o r k , a c o p y o f w hose o p in io n will be furnished
^ L th e p urchaser. C ertified ch eck fo r 2 % o f b o n d s bid fo r , pa y a b le to the
C ity C o m p tro lle r, Is r e q u ir e d .
Pu rchaser to p a y accru ed Interest an d be
p repared to take th e b o n d s A u g . 23 1910.
Tallmadge School District, Summit County, Ohio.— S o n d s
By a vote of 98 to 17 the $15,000 school-building
bonds mentioned in V. 91, p. 232, were authorized at an
election held July 23. Bonds mature part yearly for 15
years.
Tarentum, Allegheny County, Pa.—B o n d O f f e r i n g . —Pro
posals will be received until 4 p.m. to-day (Aug. 6 ) by W. A.
Gibson, Borough Clerk, for $10,000 4
grading curbing
and paving coupon tax-exempt bonds.
V o t e d .—
p J S S S S T ^ J 5 H0n'nirDa'pA A u ? ' 1 191 w
In te re st sem i-a n n u a lly a t th e
i co p ie s
lal B a n k , Ia r e n tu m .
M atu rity Auer. 1 1 9 3 2
O rtiflpri
ch e ck fo r *>% o f b on d s bid fo r , p a y a b le to th e B orough Treasurer Is
nr^thi-o^V O fficial a d v e rtis e m e n t states th a t there Is no litiga tion pe n d in g
o r th reaten ed against these b on d s, a n d th at n o d e fa u lt has e v e r been
m ad e In p a y m e n t o f an o b lig a tio n .
cv l' r ueen
Tarpon Springs, Hillsboro County, Fla .—
Bond
O f fe r i n g
offering by this town of $15,000 6 % bonds
which was to havc^ taken place Aug 1 has been postponed to
bept. 1 . Dr. J. E. Douglass is Chairman of Town Trustees.
Trenton, N. J.— B o n d s A u t h o r i z e d . —An ordinance was
passed Aug. 2 to issue $5,000 police, fire telegraph and tele
phone-system bonds at not exceeding 4)^% interest.
l o s t p o n e d .— T h a
D e n o m in a tio n $100 o r a n y m u ltiple th e re o f. " D a t e " d a y o f Issue.M
in te r e s t se m i-a n n u a lly at th e C ity T rea su rer’s o ffic e . M atu rity 20 years.
Trinity County (P. O. Weaverville), Cal.—
N o B o n d E lec
.—Referring to the reports that an election would be
held to vote on the question of issuing $125,000 road bonds
(V. 90, p. 1510), the County Clerk informs us that a “ bond
issue is not to be considered or voted upon.”
Troy, N. Y .— T e m p o r a r y L o a n .—The Troy Savings Bank
of Troy was awarded $100,000 5% certificates on Julv 29 at
100.26957. Maturity Nov. 7 1910.
tio n
Tryillo School District (P. O. Riverside), Riverside County,
Cal.— B o n d E l e c t i o n . —An election will be held in this district
to-day (Aug. 6 ) for the purpose of submitting to voters a
proposition to issue $2,000 school-building-addition bonds.
T H E
3 5 6
Tulare, Tulare County, Cal.— B o n d S a l e .—On July 25 the
$80,000 5% 1-40-year (serial) gold coupon sewer-systemconstruction bonds described in V. 91, p. 232, were awarded
to E. H. Rollins & Sons of San Francisco at 103.10 and
accrued interest—a basis of about 4.762%. The following
bids were received:
E .H .R o llin s & S on s,S an F r _ .5 8 2 .4 8 0 1B ank o f T u la r e ---------------------- $80 ,626
J a s .H .A c la m s & C o .,L o s A n g ._ 8 1 6 3 5 |G . G . B ly m y e r & C o ., S an F r . 8 0 ,4 1 0
W m . R . S ta a ts& C o
L o s A n , 8 1 ,4 5 7 1
,
A ll b idders offered a c c r u e d Interest In a d d itio n t o th e ir b id s.
Uhrichsville, Tuscarawas County, Ohio.— B o n d S a l e .—On
July 30 the $5,000 4
25-year coupon fire-departmentimprovement bonds described in V. 91, p. 233, were sold to
the Provident Savings Bank & Trust Co. of Cincinnati at
105.76 and accrued interest—a basis of about 4.129%. A
list of the proposals submitted follows:
C. E. D en iso n & C o ., C le v e .$ 5 ,2 0 3
00 S e a s o n g o o d & M a y e r, C In. 5,184
00 N ew First N a tio n a l B a n k ,
C o lu m b u s ________________ 5,155
25
00 Breed & H a rrison , C in__ . 5,1 0 5
County,
B o n d s V o ted .
P r o v id e n t S a v in gs B a n k &
T ru st C o ., C in c in n a ti___$5,288
H a y d e n , M iller & C o ., C le v. 5,266
F irst N a t. B a n k , C levelan d 5,254
F ie ld ,L o n g s tr e th & C o .,C in . 5,251
25
00
00
00
111.—
—An issue of
6% coupon electric-light improvement and water-works
bonds amounting to $10,000 was authorized at an election
held July 28 by a vote of 255 “ for” to 99 “ against.”
Vandalia, Fayette
[ VOL. LXXXJvI
C H R O N IC L E
D e n o m in a tio n $50 0.
In te re st s e m i-a n n u a lly at th e C ity T re a su re r’s
o ffic e .
M a tu rity $500 ea ch s ix m o n th s fro m Ju n e 1 1912 to D e c. 1 1921
in clu s iv e .
Victoria Independent School District (P. O. Victoria),
Victroia County, Tex.— B o n d s R e g i s t e r e d . —The State Comp
troller registered $12,000 5% 10-40-year (optional) bonds on
July 27.
Washington Court House School District (P. O. Washing
ton Court House), Fayette County, Ohio.— B o n d s V o t e d .—
The $100,000 school-building bond proposition submitted
to the electors on July 25 (V. 91, p. 234) was authorized, it
is stated, by a vote of 517 “ for” to 256 “against. '
Washington School District No. 52 (P. O. Washington),
Tazewell County, 111.—B o n d S a l e . —On July 18 the First
Woonsocket, R. I . — T e m p o r a r y L o a n . — A c c o r d i n g t o r e
p o r t s , th is c it y b o r r o w e d $ 2 8 0 ,0 0 0 o n A u g . 2 fr o m B o n d &
G o o d w in o f B o s to n a t 5 .2 8 % d is c o u n t.
M a t u r it y $ 5 ,0 0 0 o n
D e c . 2 1 1 9 1 0 , $ 2 0 0 ,0 0 0 o n F e b . 9 1 9 1 1 a n d $ 3 0 ,0 0 0 o n M a rc h
7 1911.
Wyandot County (P. O. Upper Sandusky), Ohio.— B o n d
S a l e .— T h e
$ 1 3 ,0 0 0
5%
p u b lic -r o a d -im p r o v e m e n t
bonds
o f f e r e d o n A u g . 4 a n d d e s c r ib e d in V . 9 1 , p . 2 9 5 , w e r e
a w a r d e d , i t is s t a t e d , t o t h e C i t i z e n s ’ S a v i n g s B a n k a t 1 0 2 .7 1 1
Yakima County School District No. 1 0 , Wash.— B o n d
S a l e .— O n J u l y 2 3 t h e $ 1 0 , 6 0 0 c o u p o n s c h o o l - b u i l d i n g a n d
f u r n i s h i n g b o n d s d e s c r i b e d in V . 9 1 , p . 1 7 2 , w e r e a w a r d e d t o
t h e S t a t e o f W a s h i n g t o n a t p a r f o r 5 > 2% 1 - 2 0 - y e a r ( o p t i o n a l )
b on d s.
T h e o t h e r b id d e r s w e re :
L . N . R o s e n b a u m o f S eattle b id fo r 6 % 5 -2 0 -ye a r (o p tio n a l) b o n d s, p r o v id e d
th e Interest be p a y a b le sem i-a n n u a lly. T h e secu rities t o be d e liv e re d
t o th em free o f c o s t.
„
. „
,, .
S . A . K ean & C o . o f C h icago b id fo r $10,000 6 % 5-2 0 -y e a r (o p tio n a l) b o n d s ,
p r o v id e d th e d istrict a llo w e d th em $250 fo r blan k b o n d s.
Yellowstone County School District No. 8 (P. O. Billings) ,
Mont.— B o n d O f f e r i n g .— P r o p o s a l s w ill b e r e c e i v e d u n t i l
1 0 a . m . A u g . 1 0 b y D . J . P h e l a n , C le r k B o a r d o f T r u s t e e s ,
fo r $ 3 ,5 0 0 6 % c o u p o n sc h o o l b o n d s .
D e n o m in a tio n $500.
D ate J u ly 1 1010. In te re st s e m i-a n n u a lly a t t h e
C o u n ty T reasurer’s o ffic e o r In N ew Y o r k C ity . M a tu rity J u ly 1 1 9 2 0 ,
s u b je c t t o call a fte r 5 y e a rs. Certified ch e ck fo r 5 % o f b o n d s a d v e r tis e d
f o r sale, p a y a b le t o J . L . B a rk e r, C h airm an, Is r e q u ire d .
Youngstown, Ohio.— B o n d S a l e .— T h e f o l l o w i n g b i d s w e r e
r e c e iv e d o n A u g . 1 f o r t h e s i x i s s u e s o f 5 % b o n d s d e s c r i b e d in
V . 91, p. 295:
$23,000
57,500
$2,000
$1,110
S I ,540
$580
bonds.
bonds.
bonds.
bonds.
bonds.
bonds.
s
s
s
s
$
$
Davles-Bertram Co.,
■
......... ................................... ..
............
Cincinnati............. _a23,772 00 o7,792 00
Firemen's Pension
........... «2,020 00 o l,1 3 0 00 al,5 70 00 a500 00
Fund, Youngstown
............
TUlotson & W olcott,
7,774
87 2,012 70 1,132 03 1,570 57 501 51
Co., Cleveland____ 23,729 10
....................................................................
First Nat. B k ., Cleve. 23,722 25 7,761 50
....................................................................
Breed & HarrisonCln. 23,717 60 7,734 75
______
- ..............................................
Stacey & Braun, T o l. 23,715 30 7.757 75
Seasongood & Mayer,
............................................. - ................ ..
Cincinnati........... .. 23,695 00 7.757 00
Hayden, Miller & C o .,
Cleveland............. - 23,670 00 7,751 45 2,011 50
C E . Denison & Co.,
Cleveland................ 23,669 50
- ......................... *
Weil, Roth & Co., Cln. 23,621 00
....... .................................................................................
Otis & Hough, Cleve_ 23,595 00 7,725 00
.................................................................. Provident Savings Bk.
& Tr. Co., C ln......... 23,570 70 7,716 75
..................................................- ............
Trust & Savings Bank of Chicago was awarded the $18,000
5% coupon school-repair-and-erection bonds described in
V. 91, p. 171, at 100.561. Purchaser to pay accrued interest
and furnish blank bonds. Maturity part yearly on April 1
from 1913 to 1919 inclusive.
Waterloo, Jefferson County, Wis — B i d s R e j e c t e d . —No
satisfactory bids were received on July 15 for the $28,000
4/4j% coupon water-works and sewer-system-construction a Successful bids.
A ll bid d e rs offered a ccru e d Interest in a d d itio n to their b id s . W e are
bonds described in V. 91, p. 111. They were all rejected. In form
ed th a t th e bids o f th e TU lotson & W o lc o t t C o . o n tlic fo u r sm all
Maturity part yearly on July 15 from 1916 to 1930 inclusive. Issues w ere m ade w ith th e c o n d itio n th a t th e y be aw a rd e d th e la rg o Issues.
B o n d S a l e . —The above bonds were subsequently disposed
Zavalla County (P. O. Batesville), T e x . — B o n d s R e g i s te r e d
of at par to local investors at private sale.
— W e a re a d v is e d t h a t $ 2 0 ,0 0 0 5 %
1 0 -4 0 -y e a r (o p tio n a l)
Wichita Falls, Tex.— D e s c r i p t i o n o f B o n d s . —The $17,500 r o a d a n d b r id g e b o n d s w e r e r e g i s t e r e d o n J u l y 3 0 b y t h e
street-improvement and $4,000 city-hall 5% 10-40-year S t a t e C o m p t r o l l e r .
(optional) bonds registered by the State Comptroller on
June 2 and 14 respectively (V. 90, p. 1700) are in denomina Canada, its Provinces and Municipalities.
tion of $500 and are dated April 10 1910. Interest annual.
Barton Township, Ont.— D e b e n t u r e S a f e . — B r e n t , Noxon
Wiggins, Harrison County, Miss.— B o n d s A u t h o r i z e d .—
We are advised that this town has authorized the issuance of & C o . o f T o r o n t o h a v e b e e n a w a r d e d a n is s u e o f $ 1 9 , 0 0 0
F6 500 street and $1,000 refunding 5% bonds. Bonded debt, 4 }4% 2 0 - y e a r d e b e n t u r e s .
not including this issue, $9,400. Assessed valuation, $300,
Blake School District No. 94 (P. O. Gladstone), Man.
D e b e n t u r e E l e c t i o n .— A n e l e c t i o n w ill b e h e ld A u g . 8 t o v o t e
000.
.
Wildwood School District (P. O. Wildwood), Cape May
County, N. J . - B o n d s N o t S o l d . —An issue of $9,000 4^%
10-18-year (serial) school-rebuilding bonds was offered with
out success on July 25. Denomination $500. Date Aug. 1
1910. Interest semi-annual.
Willoughby, Lake County, Ohio.—B o n d O f f e r i n g . —Pro
posals will be received until 12 m. Aug. 8 at the office of the
Village Clerk, C. C. Jenkins, for the following 4y 2 % bonds:
$ 2 ,5 0 0 stre e t-im p ro v e m e n t (series “ A ” ) b o n d s.
M a tu rity $500 ea ch s ix
m on th s fro m M arch 1 1024 to M arch 1 1026 in clu siv e .
6 .0 0 0 c le c tr lc-llg h t (series “ D ” ) b o n d s. M a tu rity $500 ea ch s ix m o n th s
fr o m M arch 1 1020 to S e p t. 1 1025 In clu sive.
,
.
1.000 w a ter-w ork s (scries “ I ” ) b o n d s. M a tu rity $50 0 M arch 1 1023 an d
D a t e ^ M a r c h ^ V o 1 0 ! ^ in t e r e s t sem i-an n u al.
Certified ch e ck o r d ra ft fo r
$ 1 0 0 , p a y a b le to th e V illa ge T reasu rer, Is r e q u ire d . P u rch a se r t o p a y a c
cru ed Interest.
Wilmington, Clinton County, Ohio.— B o n d S a l e .— '
This
county has accepted the bid of par submitted by the Clinton
County National Bank of Wilmington for the $19,000 4%
street-improvement bonds offered on July 22. See V. 91,
p. 295. Maturity part each six months from March 1 1919
to Sept. 1 1923 inclusive.
Winthrop, Mass.— B o n d S a l e .— Perry, Coffin & Burr of
Boston have been awarded the $20,000 4% water bonds
offered on August 3 and described in V. 91, p. 295, at
100.632. Maturity $2,000 yearly on Jan. 1 from 1921 to
1930 inclusive.
The following bids were received:
P e r r y , C offin & B u rr. B o sto n 1 0 0 . 6 3 2 1B lo d g e t & C o ., B o sto n
100.286
D L b a v & C o B o sto n
100.307 N . W . H arris & C o ., B o s t o n . 100.270
E sta b rooit & C o .. B o s t o n ____ 1 0 0 .3051 E . H . R o llin s . B o s t o n ----------- 100.066
Woodlawn, Beaver County, Pa .— B o n d O f f e r i n g .— Proposalsiwill be received until Aug. 10 by F. M. Stetson, Borough
Secretary, for $81,000 4^% coupon bonds.
M a tu rity p a y a b le e v e r y liv e yea rs fro m M ay 1 1 9 1 0 .
a n a tion al ban k fo r 1 % o f b o n d s b id fo r Is re q u ir e d .
Certified ch e ck on
Woodlawn School District (P. O. Woodlawn), Beaver
County, Pa.—B o n d O f f e r i n g — Proposals will be received
until Aug. 10 by J. T. Bell, District Secretary, for $85,000
4K% coupon bonds.
Is M a tu rity 15, 20, 25 an d 30 years fro m M ay 1 101 0.
a*n a tion a l ban k fo r 1 % o f b o n d s b id f o r Is r e q u ire d .
C ertified c h e c k o n
o n th e q u e s tio n o f is s u in g $ 2 ,0 0 0
1 5 -y e a r d e b e n tu r e s .
Bowmanville, Ont.—
D e b e n t u r e O f f e r i n g .— P r o p o s a l s w ill b e
r e c e iv e d u n t il A u g . 1 5 b y J . S . M o o r c r a f t , T r e a s u r e r , f o r t h e
$ 1 2 , 0 0 0 4J^% e l e c t r i c - l i g h t d e b e n t u r e s v o t e d ( V . 9 0 , p . 1 6 3 2 )
on M ay 3 1 .
M a t u r it y p a r t y e a r ly fr o m 1 9 1 1 to 1 9 3 0 in
c lu s iv e .
Camrose, Alberta.—
D e b e n t u r e O f f e r i n g .— P r o p o s a l s w ill b e
r e c e iv e d u n t il 8 p . m . A u g . 1 6 b y O . B . O l s o n , S e c r e t a r y T r e a s u r e r , f o r t h r e e is s u e s
of 5 %
d e b e n tu r e s a g g r e g a tin g
$ 3 3 ,5 0 0 .
Maturity part yearly for 20 years.
Dunnville, Ont .— D e b e n t u r e O f f e r i n g .— P r o p o s a l s w ill b e
r e c e iv e d u n t il 8 p . m . A u g . 8 b y J . W . H o l m e s , T o w n C l e r k ,
y>%
fo r $ 1 0 ,0 0 0 4
...i _____ . m n
C a n a X n C k of
c o u p o n b o n u s d e b e n tu re s.
n , , „ M nm h 14 1010. In terest a n n u a lly a t th e
a t D u n n v llle . M a tu rity p a rt y e a r ly f o r
C om m erce
20Fannystelle School District No. 767, M u n .- D e b e n t u r e s
V o t e d .— B y a v o t e o f 2 1
to
1 th e $ 6 ,0 0 0 5 %
2 0 -y e a r sch oo l
d e b e n t u r e s c a r r ie d a t t h e e l e c t i o n ( V . 9 1 , p . 2 3 o ) h e l d J u ly 2 8 .
Forest, Ont.—
$ 1 8 ,0 0 0
D e b e n t u r e s D e f e a t e d .— A p r o p o s i t i o n t o is s u e
p u b l i c - s c h o o l - b u i l d i n g d e b e n t u r e s w a s , i t is s t a t e d ,
d e fe a t e d a t a n e le c tio n h e ld A u g u s t 2 .
Glennena School District,
is s u e o f $ 1 , 0 0 0 6 %
M a c k e n zie
Man.— D e b e n t u r e S a l e — An
d e b e n tu r e s h a s b e e n a w a r d e d to W m . A .
& C o. of T o ro n to .
Granum School District (P. O. Granum)
—
Alberta
D e
b e n tu r e S a l e .— T h i s d i s t r i c t s o l d $ 5 , 0 0 0 5 H % s c h o o l d e b e n
t u r e s d u r in g J u l y t o C . H . B u r g e s s & C o o f T o r o n t o a t 1 0 0 . 6 0 .
T h e d e b e n tu re s are d a te d A u g . 1 1 J 1 0 a n d m a tu r e p a r t
y e a r ly
fo r 2 0
years.
D eb en tu re E le c tio n .
Guelph, Ont.—
#
O n A u g . 8 a n e le c t i o n
w ill b e h e ld in t h i s p l a c e t o v o t e o n t h e q u e s t i o n o f is s u in g
$ 1 0 ,0 0 0 d e b e n tu r e s .
Hoey School District No. 2495 (P. O. St. Louis), Sask.—
5'A%
D e b e n t u r e S a l e .— A n is s u e o f $ 8 0 0
1 0 -y e a r s c h o o l-h o u s e
d e b e n tu r e s w a s d is p o s e d o f a t p a r o n J u n e 1 to a n in v e s to r
of R e g in a .
D a te J une 1 1 9 1 0 .
I n t e r e s t a n n u a l.
A u g . 6 1910. |
T H E
p la c e
8
—
—
St. Francis Xavier (P. O. Eustache), Man. D e b e n t u r e
E l e c t i o n .— O n A u g . 1 0 t h e v o t e r s o f t h i s m u n i c i p a l i t y w ill
p a s s u p o n a b y -la w p r o v id in g fo r th e is s u a n c e o f $ 1 ,5 0 0
d e b e n tu re s.
Sarnia, Ont. D e b e n t u r e s A u t h o r i z e d .— I s s u e s o f $ 1 , 0 0 0
h o s p ita l a n d $ 3 ,0 7 5 b r id g e d e b e n tu r e s h a v e b e e n a u th o r iz e d
b y th is m u n ic ip a lit y .
Seaforth, Ont. D e b e n t u r e E l e c t i o n .— A n e l e c t i o n w ill b e
h e ld A u g . 8 t o v o t e o n a b y - l a w p r o v i d i n g f o r t h e f l o a t i n g of
t w o is s u e s o f d e b e n t u r e s , a g g r e g a t i n g $ 7 5 , 0 0 0 .
Sydney, N. S.— D e b e n t u r e s V o t e d . — T h e e l e c t i o n h e ld
J u ly 2 0 ( V . 9 1 , p . 1 7 3 ) r e s u l t e d in a v o t e o f 1 , 1 1 4 t o 1 4 5 in
f a v o r o f t h e p r o p o s i t i o n t o is s u e t h e $ 3 5 0 , 0 0 0 d e b e n t u r e s a s a
b o n u s to th e s h ip -b u ild in g p la n t .
Thamesville, Ont.— D e b e n t u r e S a l e .— A c c o r d i n g t o r e p o r t s ,
$ 1 0 ,0 0 0 5 % w a te r -w o r k s -d e b e n tu r e s h a v e b e e n a w a r d e d to
—
—
B re n t, N o x o n
& Co.
of T o ro n to .
D eb en tu re S a le .
p u r c h a se d $ 1 5 ,0 0 0 5 %
of
T o ro n to
M a t u r it y p a r t y e a r ly fo r 2 0 y e a r s .
O f f e r i n g . — P r o p o s a l s w ill b e
r e c e iv e d u n t il A u g . 2 9 a t t h e C i t y O f f i c e f o r t h e f o l l o w i n g 5 %
coupon b on d s:
$10,000 w a tcr-w o rk s-e x te n slo n d e b e n tu re s.
M a tu rity 25 years.
8,000 local ce m e n t-w a lk s -lm p ro v e m e n t d e b e n tu re s.
M atu rity 15 years.
4.500 S even th S t. Im p ro v e m e n t d e b e n tu re s.
M a tu rity 20 years.
3.500 sew er-exten slon de b e n tu re s.
M a tu rity 25 years.
In terest sem i-an n u al. S . S om e rville Is C ity T reasu rer.
Whitby, Ont.— D e b e n t u r e O f f e r i n g .— P r o p o s a l s w ill b e
r e c e iv e d u n t il A u g . 1 £ b y J o s e p h W h i t e , T o w n C l e r k , f o r
$ 8 ,5 5 0 4 J /j % lo c a l-im p r o v e m e n t d e b e n tu r e s .
In tere st a n
n u a l.
M a t u r it y p a r t y e a r ly fo r 2 0 y e a r s .
M IS C E L L A N E O U S .
LOAN S.
F O
H IGH W AY BONDS
O ffice o f the C o u n ty Clerk,
K a lllsp cll, M o n t., J u ly 12th, 1910.
N o tic e Is hereby given th at sealed bids will be
receiv ed b y the C ou n ty C om m issioners o f F la t
head C ou n ty In the S tate o f M on tan a, a t the
o ffic e o f the C ou n ty C lerk, at K alllsp cll, M o n tan a,
on the 17th d a y of A u gu st, 1910, fo r the sale o f
$ 1 0 0 , 0 0 0 refu n din g b on d s, the d e n o m in a tio n s o f
said b on d s to be $1,000 ea ch , pa y a b le In 20 years
an d redeem able In 10 yea rs, an d to bear Interest
a t not to ex ceed 4 ' A
p er a n n u m , Interesr
p a y a b le at the office o f the C o u n ty T reasu rer o f
said C ou n ty on the 1st d ays o f Jan u ary an d J u ly
o f ea ch y ear.
B ids w ill be o p e n e d a t the o ffice
o f th e C ou n ty Clerk e x -o fflc lo Clerk o f the B oa rd
o f C ou n ty C om m issioners o f said C o u n ty at
K a lllsp cll, M on tan a, on W e d n e s d a y , the 17th
d a y o f A u gu st, 1910, a t 10 o 'c lo c k A . M.
A
certified ch eck of 5 % o f b id to a c c o m p a n y each
b id , ch eck to be returned If bid Is re je c te d .
T h e B oa rd reserves the right t o r e je c t a n y or
all b id s.
„
B y ord er o f the B oa rd o f C o u n ty C om m issioners.
C. T . Y O U N G . C o u n ty Clerk,
b y F R K D S . P E R R Y , D e p u ty C o u n ty Clerk.
S E A L E D P R O P O S A L S w ill be re ce iv e d b y the
B oa rd o f Su p erv isors o f San J o a q u in C o u n ty until
T U E S D A Y , A U G U S T 9 T H , 1910, a t 10 o ’ clo c k
a. m ., fo r the purch ase o f all o r o f a n y p a rt o f
$500,000 o f H ig h w a y B o n d s o f a $ 1 ,8 9 0 ,0 0 0 Issue
o f five p er ce n t H ig h w a y B on ds o f said c o u n t y ,
p rin cipa l an d Interest p a y a b le a t K o u n tz e B r o s .,
N ew Y o r k C ity , o r a t C o u n ty T re a su ry , a t o p t io n
o f h old er.
L e g a lity o f b o n d s will be a p p ro v e d b y
IMUon & H u b b a r d , N ew Y o r k .
B id s m ust be
m ade o n b lan k fo rm s furnish ed b y c o u n t y .
P rin ted circu lars c o n ta in in g full In form a tion and
b lan k fo rm s fo r bids ca n be had o n a p p lic a tio n
to E u gene D . G ra h am , C o u n ty C lerk, S t o c k t o n ,
C a liforn ia, o r t o D illo n & H u b b a rd , N ew Y o r k .
E U G E N E 1). G R A H A M ,
C o u n ty Clerk o f San J o a q u in C o u n ty ,
C a liforn ia.
6
1312 F IR S T N A T IO N A L B A N K B L D (1 ..
E S T A B L I S H E D 1885
H. C. SPEER &
SONS C O .
First Nat. Bank Bldg., Chicago
WESTERN
MUNICIPAL AND SCHOOL BONDS
M . S m it h
& C o.
HODENPYL, WALBRIDGE & CO.
7
%
400 The Rookery
W a ll
S t .,
N ew
Y o r k
Railroad, Street R y., Gas & Elec. Light
CHICAGO
BLODGET & CO.
. SECURITIES
The United States Life
Insurance Co.
1850
M cC O Y
&
COM PANY
00 S T A T E S T K E E T , B O S T O N
Municipal and
Corporation Bords
30 P I N E S T R E E T , N E W Y O R K
STATE, CITY & RAILROAD BONDS
181
Municipal and
Corporation Bonds
N E TT IN Q
Municipal and Corporation Bonds
La
S a lle
S tre e t,
C h ic a g o
R A IL R O A D
Mercantile Library Building
CINCINNATI
421 C h e stn u t S t.. P H I L A D E L P H I A . P A .
FIRST NATIONAL BANK BUILDING
CHICAGO
DRAINAGE BOND
& M AYER
<fc C O .
Municipal and Corporation Bonds
Specializing in Examination of
SE A S0N G 00D
E S T
BANKERS
CORPORATION AND
MUNICIPAL BONDS
We offer a very exceptional
BONDS
R
Reynolds, Watson & Co.
LAW YER
L I S T O N A P P L IC A T IO N
R
C h a r le s
F. W M . K R A F T
A N D
A . M a c k e n zie & C o .
d e b e n t u r e s d u r in g
Vernon, B. C.— D e b e n t u r e
4}^% Refunding Bonds
M U N IC IP A L
gas
J u ly .
San Joaquin County, California
BONDS
—W.
Toler, Alberta.—
Flathead County, Montana
CHICAGO, ILL.
D e b e n tu r e s A u th o r iz e d
This
issu a n c e o f $ 2 0 ,0 0 0 5 %
2 0 -y e a r
Quinton, Sask. D e b e n t u r e O f f e r i n g .— P r o p o s a l s a r e a s k e d
f o r b y t h i s v i l l a g e f o r a n is s u e o f d e b e n t u r e s .
T . W a d d in g t o n is S e c r e t a r y - T r e a s u r e r .
8 5 0 0 ,0 0 0
1 0 0 ,0 0 0
th e
—
—
—Aemilius Jarvis & Co.
of Toronto were awarded the $65,835 26 5% coupon or
registered local-improvement debentures offered on July 25
and described in Yr. 91, p. 235. Maturity part yearly from
1911 to 1940 inclusive.
N E W
a u th o riz e d
Preston, Ont. D e b e n t u r e E l e c t i o n N o t H e l d . — T h e b y - l a w
p r o v i d i n g f o r t h e i s s u a n c e o f $ 1 2 , 0 0 0 5 % d e b e n t u r e s w h ic h
w a s to h a v e b e e n s u b m it t e d to th e v o te r s o n A u g . 1 ( V . 9 1 ,
p . 2 9 6 ) h a s b e e n w ith d r a w n .
Moose Jaw, Sask.—D e b e n t u r e s V o t e d . —The voters of this
place have passed by-laws providing for the issuance of
$375,000 sewage-disposal-plant, $12,000 concrete sidewalks,
$20,000 permanent road-improvement and $12,000 sidewalk
debentures.
Niagara Falls, Ont.—D e b e n t u r e s V o t e d . —The election held
Aug. 1 (V. 91, p. 296) resulted in a vote of 237 to 179 in fa
vor of the proposition to issue the $2,500 5% 20-year fire-hall
debentures. Interest annual. Date Dec. 1 1910.
D e b e n t u r e s D e f e a t e d . —At the same election, propositions
to issue the following debentures were defeated:
LOAN S.
has
sch ool d e b e n tu re s.
W o o d . G u n d y & C o ., T o r o n t o .$5,7751 O n ta rio S ecu r. C o ., T o r o n t o . .$ 5 ,5 8 7
B ren t, N o x o n & C o., T o r o n t o . 5,718 |G . A . S tlm so n & C o ., T o r o n t o . 5,400
A em lllu s J arvis <fc C o ., T o r o n t o 5 ,0 4 4 1
.
D e n o m in a tion $500.
D a te A u g . 1 1910. In te re st s e m i-a n n u a lly at the
U n ion B a n k o f M ontreal.
D e b e n tu re d e b t , n o t In clu d in g tills Issue,
$37 ,4 1 4 .
N o floa tin g d e b t . A ssessed v a lu a tio n fo r 1 91 0, $ 94 3,74 3.
$15 ,0 0 0 colleg ia te-in stitu te de b e n tu re s.
V o te 54 " f o r ” t o 361 " a g a in s t .”
2,0 0 0 d eb en tu res t o re-h e a t the co lle g ia te In stitu te. V o te 89 “ fo r to
325 " a g a in s t .”
North Bay, Ont. D e b e n t u r e S a l e .
.—
Portage la Prairie, Man.—
Kamloops, B. C.—D e b e n t u r e O f f e r i n g . —Proposals will be
received until Aug. 10 by J. J. Carment, City Clerk, for
$16,000 5% 10-year debentures.
London Township, Ont.—D e b e n t u r e s A u t h o r i z e d . —-By-laws
have been passed by the Council of this place providing for
the issuance of $7,500 5% school and $8,000 current-expense
debentures.
Lloydminster, Sask.—P r i c e P a i d f o r D e b e n t u r e s .—We are
advised that the price paid for the $15,000 6% debentures
recently disposed of to C. II. Burgess & Co. of Toronto
(V. 91, p. 57) was 102.75. The debentures are dated
July 1 1910 and mature part yearly for 15 years.
Macdonald, Man.—D e b e n t u r e S a l e . —The $6,000 4% 20year coupon telephone-extension debentures, offered on
July 27 (V. 91, p. 235), were sold to the Toronto General
Trust Corporation, representing Wood, Gundy & Co. of
Toronto, at 96.25 and accrued interest. Following are the
N E W
3 5 7
C H R O N IC L E
OTTO JULIUS MERKEL
BROKER
44 A N D 48 W A L L S T R E E T , N E W Y O R K
I N V E S T M E N T SECURITIES
C orresp on d en ce I n v ite d .
IN T H E C IT Y OF N E W Y O R K
Issu es G uaranteed C o n tra cts
JOHN P. MUNN, M. D., President.
F inan ce C o m m itte e
C L A R E N C E H . K E L S E Y . P res. T itle G u .A T r .O o .
W M . H . P O R T E R , P res. C h em ical N ation a l B ank
E D . T O W N S E N D , P res. I m p . & T rad ers N a t. B k .
G o o d m e n , w h eth er ex p e rie n ce d In life insuranee
or n o t. m a y m ake d ire ct c o n tr a c ts w ith this C om
p a n y . fo r a lim ited te r rito r y If d esired, and secure
fo r th em selves, In a d d itio n to first y e a r's com m ieslon . a renew al Interest Insuring an Incom e fo r the
fu tu re.
A ddress th e C o m p a n y a t Its H o m e O tfloe
N o . 277 B r o a d w a y . N ew Y o r k C ity
3 5 8
T H E
Q xu st
Died stales
C H R O N IC L E
[ VOL. L X X X X I
©crmpatxies.
tidsi
Sexist ©xmxpaixte.
con pg or new i t t ,
Chartered 1353
45 and 47 W A L L S T R E E T
C A P IT A L,
S U R P L U S A N D U N D IV ID E D PR O FITS
$ 2 ,0 0 0 ,0 0 0 .0 0
$ 1 3 ,7 3 3 ,3 0 3 .2 1
T h is C om p a n y acts as E x e cu to r , A d m in istra to r, G uardian, T ru stee, C ou rt D e p o s ita ry an d In
•User recogn ized trust capacities.
I t allow s Interest at cu rrent rates o n dep osits.
I t h old s, m anages and Invests m o n e y , securities and o th e r p r o p e r ty , real or person al, lo r estates
• orp ora tlon s an d Individuals.
M a n h a tta n
T ru st
C om pany
EDWARD W . SHELDON, President
W ILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A . EDWARDS, 2d Asst.Sec
Temporary Offices
TB USTEES.
B a y a rd C u ttin g,
W illia m R o c k efeller,
A lex a n d er E . O rr,
W illia m H . M a cy J r .,
W illia m D . S loan e,
W .
JO H N A . S T E W A R T ,
G ustav H . S c h w a b ,
F ran k L y m a n ,
Jam es S tillm an ,
J o h n C laflln,
J o h n J . P h e lp s,
F id e l it y T
C h a i r m a n o i th e n o a r a .
L ew is Cass L c d y a rd ,
L y m a n J . G age
P a yn e W hitney',
E d w a rd W . S heldon
C h au n cey K e e p
rust
G eorge L . R iv e s ,
A rth u r O. Jam es.
W illia m M . K in gsley.
W illia m S tew a rt T o d .
O gden M ills.
E g e rto n L . W ln th ro p
Company
U3 BROADWAY
WALL STREET
CORNER NASSAU
N E W A R K , N. J.
Resources Over $29,000,000
Jtcjcmxixtaixts.
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts as Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles of
Real Estate throughout New Jersey.
General Banking and Savings Departments. Bond Department for
purchase and sale of municipal and public utility securities. Safe Deposit
Department.
CENTRAL TRUST COMPANY
of NEW YORK
LYBRAND,
RO SS BROS &
MONTGOMERY
C e r tifie d
P u b lic
NEW YORK,
165 Broadway.
PHILADELPHIA,
Land Title Bldg.
PITTSBURGH,
Union Bank Bldg.
CHICAGO, First National Bank Bldg.
JAM ES
54 Wall Street
A c c o u n ta n ts
(Pennsylvania)
PARK
&
CO.
C E R T I F I E D P U B L IC A C C O U N T A N T S
New York, Chicago, Cincinnati, and
London, England.
Capital and Surplus, $18,000,000
A U D IT O R S
FOR
F IN A N C IA L
IN S T IT U
T IO N S . IN D U S T R IA L A N D
M IN IN G C O M P A N IE S
In v e s tig a tio n s , F inan cial S tatem en ts.
P eriodica l A a dits and A c c o u n tin g .
(o f which $1 7 ,0 0 0 ,0 0 0 has been earned)
Authorized to act as Executor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on Daily
Balances.
A cts as Transfer Agent, Registrar and Trustee under Mortgages.
i*itxanjcial.
Adrian H. Muller & Son,
CHARTERED 1864
A U C T IO N E E R S .
Regular Weekly Sales
Union T ru st C om pany o f N ew Y ork
MAIN OFFICE: 80 BROADWAY.
U p t o w n O ffic e : 4 2 5 F ifth A v e n u e , c o r n e r 3 8 t h S t r e e t ,
W i t h M o d e r n S a fe D e p o s it V a u lt s
Capital $ 1 ,0 0 0 ,COO
Surplus (earned) $ 7 ,7 3 7 ,0 0 0
OF
STOCKS and BONDS
E V E R Y
W E D N E SD A Y
Office. No. 55 WILLIAM STREET.
Corner Pine Street.
ALLOWS INTEREST ON DEPOSITS.
A c t s a s E x e c u t o r , G u a r d ia n , T r u s t e e , A d m i n i s t r a t o r a n d In a ll F i d u c i a r y C a p a c it ie s
o n b e h a lf o f I n d iv id u a ls , I n s t it u t i o n s o r C o r p o r a t io n s .
THE AMERI CAN MFG. CO.
M A N ILA , S IS A L A N D JU TE
O J iiio is T r u s t& S a v m g s B a n li
CORDAGE
CHICAGO
C apital and Surplus
$ 1 3 ,6 0 0 ,0 0 0
Pays Interest on Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and Foreign Exchange.
Transacts a General Trust Business.
C O R R E S P O N D E N C E IN V IT E D .
6 5 W a ll
S treet,
-
N ew
Y ork
GEO. B. EDWARDS
Tribune Building, 154 Nassau Street.
Telephone 4218 Deekman,
NEW YORK. N. T
Negotiations,Investigations, Settlements
In or out of New York City
Satisfactory References
@FedFRASER