Full text of Commercial and Financial Chronicle : December 1, 1906, Vol. 83, No. 2162

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

V

Hf
i
o tmn
n e ria
IN C L U D IN G

F ac l
in n ia
-ywnide

Bank and Quotation Section (Monthly)
State and City Section (semi-Annual
Railway and Industrial Section (Quarterly) Street Railway Section
Entered according to Act of Congress, lu the year 1906, b y W i l l i a m B. D a n a C o m p a n y in the office of Librarian of Congress,Washington, D.C
A w ee* newspaper eutered at Poet Office, New York, as seocmd-claas matter—W il l i am B. D a n a Co m p a n y , Publishers, 76$4 Pine St., N. Y.
it

SATURDAY,

V O L S3.

DECEMBER

^Itje Chronicle*

1906.

Terms of Subscription— Payable in Advance
For One Y e a r ...................................................................................................$10 00
For Six Months................................................................................................. 6 00
European Subscription (including postage).............................................. 13 00
European Subscription six months (including postage)........................
7 50
Annual Subscription in London (including postage).............................£ 2 14 s.
Six Months Subscription in London (including postage)...................... £ 1 11s.
Subscription includes fo llo w in g Supplem ents—
B \n k a n d Q u o t a t io n (monthly)
I S t a t e a n d C it y (semi-annually)
R a i l w a y a n d I n d u s t r ia l (quarterly) |S t r e e t R a i l w a y (3 tunes yearly)

Terms of Advertising— Per Inch Space
Transient matter per inch space (14 agate lines)....................................... $4 20
( Two Months
(8times)........................... 22 00
Standing-Rn«dTie*a Paatfo J Three Months
(13times)........................... 29 00
Stanctin0 Business Laaiis < Six Months
(26 times)........................... 50 00
A Twelve Months (52 times)............................ 87 00
CHICAGO OFFICE—P< jdarHett, 513 Monadnock Block; Tel. Harrison 4012.
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.

W I L L 9A M B . D A N A C O M P A N Y . P u b l i s h e r s ,
Pine Street, Corner o f P earl Street,
Post Office B ox 9 5 8 .
N E W Y O R K ..

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$2,914,913,084, against §3,377,535,717 last week and
§2,909,738,451 the corresponding week last year.
P er
Cent.

1906.

1905.

New •
York__
B oston ------Philadelphia
Baltimore__
Chicago____
St. Louis_
_
New Orleans

$1,354,229,626
108,810,992
111,734,274
21,865,125
161,537,862
46,602,228
19,239,402

SI,483,168,290
105,226,724
105,070.655
19,906,522
150,927.870
45,560,735
16,784,946

—S 7
4-3.4
4-6.3
4-9.8
4-7.0
4-2.3
4-14.6

Seven cities. 5 days___
Other cities, 5 days_____

$1,824,019,509
395,417,284

$1,926,645,742
315,784,693

— 5-3
-f-25.2

$2,219,436,793
695,476,291

$2,242,430,435
667,308,010

— 1.0
4-4.2

$2,909,738,451

4-0.2

Total all cities, 5 d a y s _____________

A ll el

_______________________

Tota all cities for week.

given next Saturdaju W e cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
W e present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur­
day noon, November 24, and the results for the corresponding
week in 1905, 1904 and 1903 are also given. Contrasted
with the week of 1905 the total for the whole country shows
a gain of 9 .0 % . Outside of New York the increase over
1905 is 11 .0% .

1906.

1905.

Inc. or
Dec.

C
O
9

Week ending November 24.

Clearings at—

1903.

1906.

NO. 2162.
Week ending November 24.

Clearings at—

PU B LIS H E D W E E K L Y .

Clearings— Returns by Telegraph.
Week ending D ec. 1.

1,

1905.

Inc. or
Dec.

1904.

1903.

$
$
$
S
%
Boston .......... ..
128,882.145
16S.923.425 151.822.867 + 11.2
99,230,973
Providence .
8.088.60C
6,550,20(
S.4S9.900
+ 5.0
6.771,100
Hartford __ _
3,697,912
2.574.387 + 43.0
2,305,823
1,736.148
New Haven____
1.745.690
1,422,526
2.713.444
1,919.735 + 4 1 . 4
Portland_______
1.713,114
1.458,614
1.187.994
1,987,958 — 13.8
Springfield.
1 .214.362
1,880.216
1.746.525
+ 7.7
1.377,114
W orcester..........
3,329,516 + 20.C
1.196.841
1.595.803
824,987
Fall River ___
1.103.950
+ 4.4
604,326
883,535
1.152,868
New Bedford___
589,957
940.465 — 37.3
464,720
567,167
Lowell _ _______
597.822
479,296 + 24.7
364.410
444,050
Holyoke_ _____
_
452,786
430.991
551,482
431.493 + 27.8
Total New Eng.
.191,905,943 172,424,792 + 11.3 145,402,069 114,713,833
Chicago.... .........
236,307,338 214.393,540 + 10.2 168.071,872 147,996.509
Cincinnati __ _
25,899,650
24.256,700
20,402,900
+ 6.8
18,668,050
Cleveland______
17.098,684
15.208.355 + 12.4
12,323,147
12,397,096
Detroit. ...............
18.519,131
12,899,882 + 43.6
8,837 246
9,840,054
Milwaukee _,__
8,933.021 + 13.6
10,144,522
7.309,137
6,997,619
Indianapolis___
7,611.107
7 792,776
+ 2.4
5,570.658
5.807,668
Colum bus___ __
4,792,700 + 12.2
5.379.200
3,798,600
4.345.300
Toledo ___ __
4.564,313
4.209.258
2.727,508
+ 8.4
3 0IS,366
P eoria _________
3.529,470 — 17.4
3,248,522
2.866.602
2,915,765
Grand Rapids. _
2.064.578 + 22.3
2.525.635
1.622,384
1.641,364
D a y ton ________
1.830,945
1,650,610 + 10.9
1,333,162
1,431.014
E van sville__ .
1,865,673
1.805,574
1 .216,850
+ 3.3
1,156,061
Kalam azoo_ __
_
1,122,848 — 7.8
1.035.496
687,204
618.038
Springfield, 1 1
1
785.316
734,551
548,087
+ 6.9
550,000
Youngstown___
696,674 — 15.7
462.382
587,363
459,685
Fort W ayn e___
691.367
745.651
+ 7.8
Rockford ______
658,767
668.935 — 1.5
536.672
2 487,305
Lexington_____
524,787
555-163 — 5.5
427,767
496.343
494.000 + 30.6
Akron
_
_
645.003
546.200
448,000
Bloomington >__
417,268 — 1.5
411.135
399.041
312,283
386,007 + 25.9
C a n to n ___
486,054
378,872
474.868
Springfield. O .- 362.015 — 3.5
349.366
305.707
321,591
434,940
346,474 + 25.5
Quincv
_ __
286,978
340,764
South Bend,
341,483 + 16.7
398,406
Mansfield .
322,589 + 19.9
386,695
221,540
173.998
Decatur .
321,356 — 5.8
302,675
286,932
185,254
298,719. — 38.4
Jacksonville, 1 1
1
185,612
184,016
179.201
Jackson _______
259,218 + 14.1
209,728
175,000
295,855
206.375
Ann Arbor . _
116,929 + 76.5
104.339
79.S37
Tot. Mid.West. 343,281,532 309,490,391 + 10.9 243,566,948 219.949,969
San Francisco. _
50,202,544
35,132,299 + 42.9
29,326.996
25,951,156
Los Angeles. _
10,707,041 + 17.3
7,104.802
12,564,955
5.503,163
Seattle ______
6,851,558 + 46.6
10.042,570
4,705.529
3,553,220
SaltLake City. _.
8.249,214
3,930.292
5,550,904 + 48.6
4,497.159
Portland_______
4.580,122 + 57.7
7,221,026
3,657,522
3,143,330
Spokane..............
4,230.452 + 25-1
5.291.122
2,532,781
2,040,664
j Tacoma _.
4.771.429
4.028,555 + 18.4
1,721.604
2,690.751
! Helena
984,789
1.614,327
— 2.9
688.156
546,443
Fargo _____
855,769 — 26.1
664,142
666,729
519.145
405.270
279,351
398.977
Sioux Falls __
206,793
+ 1.6
Oakland________
3.188,504 Not included in total
; San Jose________
268.707 Not included in total
| Total Pacific.73,350,004 + 36.9 " 56,147,189
100,399,648
47,115,790
Kansas C ity ___
25,215,927 + 11.2
28,038,564
22,054,781
19.052,901
22,787,996 — 4.7
Minneapolis____
21,720.727
20.543,984
17,963.977
cS.904.785 + 11.8
6.386.772
O m a h a ________
7,348.884
9,951.565
S t . Paul________
6.149.212
10.3S9.928
7,155,041
3.785,931 + 18.3
Denver_________
4.918.79S
7.026,341 + 10.6
7,773.277
4 847.981
S t . Joseph_____
4.109.164
3 474.743
4.812,360
4,603.195
— 4.3
Dcs Moines_____
2,375,060 + 17.1
2,780,811
1,983,238
1.935.874
1.378.884
1.145.698
Stoux C i t y ____
1.856,560
1.779,380
+ 4.3
Wichita _
_
_
769.400
1,063.011
— 0.5
696,555
1.058,183
791.589 + 15.6
Davenport_____
626.096
915.433
672,553
Topeka _ _ ___
730.281 + 35.5
842.270
1,252,627
989,819
730.504
— 4.9
411.063
402,016
Colorado Springs
694,845
358.290
+ 2.9
Cedar Rapids.
521,404
536,670
390,332
Pueblo
014,866
512,961 + 19.9
Fremont ______
233.602
105,274
246,465
137.107;
+ 5.5
L in coln ________
1.086,376 Not included in total
92.170,908
64.087.183
Tot. oth.West.
86,271,192
+ 6.8
73,033,932;
St. Louis _____
62,234.373
53,005.893
67,124,624
+ 7.9
40.014.287
New Orleans___
25.967.726 — 1.9
21.529,804
17.201.219
25.466.335
12.378.424
11.268.469
— 9.0
7,954.438
Louisville_____
9.623.671
8 000.000
Houston _____
10.942,280 + 31.2
7.703,835
14.355,291
Galveston..........
8,060.006 + 16.9
6,066.000
5.348,000
9.420.000
Memphis ...........
5.493.292
8.564.787 — 35.9
4.689.399
6,348,055
6.604.51.3
4.441.075
Savannah _____
6.91 L510
+ 4.7
4,483.458
3.825.120
4.696.156
PJchmond ____
6.195.786
5.42.8.537 + 14.2
A tlanta___
6.195,880
4.426.850 + 40.0
2.586.900
3.300,986
Nashville ______
2.532.336
2.492,876
3.386.340
3,589.635 — 5.7
1.G 1.537
O
Fort W^orth........
3.320.330 + 30.9
2.320,958
4.347.987
2.413.314 - 13.1
1.514.571
1.328.958
A ugusta_______
2.098,768
N orfolk________
2,457.426 + 29.4
1 .539.891
1.<897.331
3.180.258
Birmingham___
1.138.931
1.363.091
3,392.141
1.990,801 + 70.4
1.098.334
Charleston ........
j .702.436 — 0.1
1,209.070
1.701.313
1.215.321
1.346.589
Little Rock____
1.617.509 + 16.9
1.890.579
Mobile .
1 447.857 + 36.6
1 977.951
1.232.330
1.345.509 +.12.7
K n oxville_____
1.517.006
1.018.981
i. .
761.512
C hattanooga__
729.823
1 .538.107
1.221.724
598.063
Jacksonville___
1.300.000
774-4SO
1.169,843 + 11.1
Macon .
507.994
741.000
624.302 + 43.2
S93.964
—
Columbus Ga .
400.000
— 1.7
309.858
406.966
Total Southern 180.05S.501
167.910.148
+ 7.2 132,357.862 107.734.411
Total all.......... 3.377.535.717 3,098,818.848
+ 9.0 2,043.741,846 1.740.860.919
Outside N .Y .. 1,186.790.495 1.069.051.297 + 110 857,680.012 730.459.756

$
$
$
$
%
New Y ork______ 2.190.736.222 2,029.767.551
+ 7.9 1.786,061,834 ! .016.401.163
Philadelphia___
158.067,992 149.200,981
+ 5.9 116.40S.264 103,616.823
Pittsburgh..........
53,674.073
42,175,044
32.879.994
51.568.973
+ 4.1
Baltim ore...........
23.183.098
19,066 693
29.262.946
27 321.724
+ 7.1
Buffalo_________
8.852.623
5.995.248
8.013,449 + 10.5
6,433,625
W ashington___
5.744 659
4.277.976
3.510.318
4.745.511 + 21.1
Canada—
A lbany............ ...
7.715.606
3,893.400
+ 54.0
3.118,431 Montreal______
5.008.885
R ochester...........
2.664.994
3.388,905
1.926.023 Toronto
3,508.178 — 3.4
Scranton_______
2.109.1! 1.035.237
1.705.721 Winnipeg .
2.182.711
— 6.2
Syracuse_______
1.979.305
981.641
1 744.279 + 13.5
1.213.003
W ilmlngton........
1.514.291
977.840 Ottawa
978.955
1.119.498 + 35.3
Vancouver..........
Reading _______
1.418.570
888.030
1 .088.441 + 30.3
W llkes-B arrc_
_
851.716
782.1 0. Quebec..............
1.284.047
1.076.592 + 19.3
Wheeling . . . __
1.099'107
843.168 + 30.4
786.302
564.245 Halifax ............
E r ie ....................
791.287
346.546 Hamilton..........
450.439
546.133 + 44.9
Binghamton___
631.600
380.500
357.800 St. John..............
485.900 + 30.0
C hester________
598.828
480.599 + 24.6
351.387
485.013 Jxmdon..............
Greenaburg____
514 603
399 748 + 28.8
436.248
294,452 Victoria .............
F ranklin.............
275.400
+ 2.0
103.194
249.636 Calgary..............
275.400
Edmonton ........
Total M iddle.. 2.469.719.185 2.289.372.321
Total Canada.
+ 7.9 1.993.233.246 1.193.259.733

35.252.708
28,508.950 + 23.7
21.580.239 + 33.0
28.705,537
11 .181 800 + 30.4
14.680.255
2.704.415 + 31.0
3.544.936
2.180.202 + 56.8
3.417,338
— 1.2
2.090.753
2.005.095
1.729,469 — 1.7
J .700.000
1.628.320
+ 4.4
1 .700.096
954.745 + 30.2
1.243.293
967.819 + 141
1,104.485
590.078 + 61.0
894.625
1,536.578 Not Included In total
Not Included In total
812.627
74.116.796 + 27.1
94.208.368

29.432.804
25.500.438
9.665.265
2.814,438
1.721.300
1.846.797
1.741.888
1.1,80.738
1.185.157
948,755
470.095

20.938.987
13.708 568
6.099.244
2.259.212
1.345.709
1.547.352
1.784.750
1.030.959
958.499
713.989
562.597

76,507.875

51.909.836

1314

THE CHRONICLE.
THE FINANCIAL SITUATION.

Wall Street affairs have exhibited a strong undertone,
and yet within narrow limits values have all the time
been unsettled. General business is so active and
favorable that confidence in the ultimate outcome
seems to keep up marvelously well; but there is a
near-by view of uncertainty and listlessness— a zone
in which at times the look is as if the market was ready
to go to pieces. Perhaps the opening of Congress,
the President’s Message, or both of them, have had
more or less of a disturbing influence, and therefore
to that extent are chargeable with this situation.
As for ourselves, we cannot see how any new law
Congress may pass or recommendation for Congres­
sional action the Message may contain can make the
possibilities more mixed and disturbing from a legal
or sentimental standpoint. Power to take the vitality
out of every corporation in the land, and a public
sentiment advanced enough to encourage such action,
already exists in prevailing opinion or in our statute
books. Acting under such authority, Government
emissaries, Federal and State, are engaged in traveling
at public expense all over the country, threatening
and in many cases undertaking prosecutions of com­
panies whose worst sin has been trying to meet the
wants of commerce and make money in spite of re­
strictive laws as bad as any nation ever was afflicted
with.
No doubt if worse complications for moneyed interests
or for money engaged in reproductive work can be con­
trived, they will be agitated. But since corporations as
an object for attack have been well nigh stripped of defensive power, this season’s Congressional pursuit will
probably take, as has been rumored, the individual
form— a kind of trap to catch those citizens who have
been frugal and industrious and whose weight of brain
is above the average— gifts landing those who possess
them in the conspicuous position of being what we
used to call forehanded men. That class was then
esteemed and believed to be contributing bravely to the
common weal,and were honored by the community;
now prosperity is made a mark for envy, odium and
legalized plunder, the measure of badness being graded
according to the weight of wealth each has amassed.
How long can our people favor such a course and
standard?
Our money market continues to act as an unrestful
influence, and yet some of the conditions which have
interfered with a steadier movement, especially those
connected with the European involvments, are no
doubt getting into better shape.
The relief to
the London market, through the release by the
Bank of France to French remitters to that
centre of gold— which relief, we noted last week, had
then begun to be extended— was continued this week;
it was in the form of American eagles and British
sovereigns, amounting, as reported, to $2,750,000,
which the Bank of England bought in the open market,
together with $3,000,000 from South Africa. This
relief appears to have been timely, for it enabled the
bank to report this week a gain of over £2,000,000
sterling, notwithstanding it was called upon to remit
$3,500,000 to Brazil; had not theTgold from Paris
been available, the shipment to Brazil might have
had a disturbing effect. Should this method of re-

[Vou I.XXXUI.

ileving the London situation be continued until the
South American demand shall be satisfied,doubtless
normal discount conditions at the British capital will
soon be restored. London financial journals state that,
the Bank of France has agreed to supply any further
demand for gold for Egypt up to £1,000,000, though
it is expected that £700,000 or £800,000 will be suffi­
cient to meet this requirement; should the Egyptian
inquiry thus be met by the French Bank it will still
further relieve the Bank of England and possibly
permit of a reduction in the Bank’s discount rate early
next year.
Contrary to expectations of many, there was a very
light inquiry for exchange in our market in the closing
days of last month for remittance for the settlement
of maturing finance bills. This, it is thought, may
possibly indicate the payment of such drafts with the
discounted proceeds of commodity bills, which were
forwarded for that purpose, or the extension of matur­
ing bills in Paris through the credit banks at that
centre. Only a few franc, finance or franc security
bills appear to have been negotiated this week. There
were less assuring indications, however, of a return
flow of money to this centre from the interior than was
the case in the previous week. Rates for domestic
exchange at Chicago on New York, which were then
at a premium, fell to par, and private advices stated
that banks in that city had received much less money
in November than they expected. At St. Louis the
domestic exchange rate was at a premium but it was
said that very little money was moving to the east­
ward and there was a good local demand for business
purposes. Money is quoted at full rates at New Or­
leans and in Northwestern cities, reflecting its active
employment, which will probably prevent its remit­
tance hither for the present. Among the shipments for
the week was one for $1,550,000 yesterday to San
Francisco, which makes $2,350,000 to that point since
last Friday.
With the prestige of his recent visit to South
America, Secretary Root has delivered before the
trans-Mississippi Commercial Congress an address,
evidently prepared with care, on behalf of the propo­
sition that the greatest opportunity for American
enterprises is in cultivating commercial relations
with the South American continent. It is not difficult
to agree with his opening remark that “ a little less
than three centuries of colonial and national life have
brought the people inhabiting the United States, by
a process of evolution natural and with the existing
forces inevitable, to a point of distinct and radical
change in their economic relations to the rest of man­
kind.” It is not entirely true that we have faced
about and have become a creditor instead of a debtor
nation,in that we have gone to lending instead of
borrowing, for the great constructive work here is not
yet finished and the rate of interest is not yet at its
bottom point; but it is quite true, and increasingly
true, that we are having more and more surplus goods
for exchange with other peoples, and that disposing
of this surplus abroad is becoming more a necessity.
Mr. R oot’s sketch of the industrial possibilities of
the great continent is probably not overdrawn.
Europe is doubtless nearer that continent than we
are, commercially speaking; but it is not irrelevant to

De c . 1 1900. J

THE CHRONICLE

note that nearly all of South America lies east of New
York, and that Liverpool is not much farther from
Rio in distance than our own metropolis. Whether it is
rational to admit the existence of any Monroe Doctrine
as to commerce is a grave question, and therefore the
use which Mr. R oot makes of that doctrine as a sort
of obligation upon this country to pursue trade with
the great domain at the southward— quite as applica­
ble, if at all, to the other great domain to the north­
ward— is one with which a cool calculation will not
hastily agree. For why should it signify whether we
trade with Brazil or with China, since the object of
well-considered trade is to make profitable exchanges ?
Incidentally (as well as fundamentally) it may be said
at this point that while we, as traders, have only to
consider the profit we are to get out of exchanging,
the higher and immutable law is that the process will
not continue long, notwithstanding all the statutes
which can be framed with the intent to support it,
unless the other party to it gets his advantage too.
The primary fact, illustrated and enforced before our
eyes by the operations of every clearing house, is that
trade consists of swapping things for things, and that
there can be no selling without buying.
Therefore, if it be the fact that Europe does the
major part of the total South American trade and has
a great advantage in it over us, the explanation is that
Europe offers these supposedly nearer neighbors of
ours a greater advantage than we do. All which Mr.
Root says of the necessity of studying the customs
and even the whims of the people, and adapting our
wares and our methods of packing, & c., to them,
offering what the desired customers think they want
rather than what we think they ought to have, is well
and timely; it has been said before, for every consul
repeats it from time to time; but it needs to be re­
peated until we learn it. But if it is entirely true that
we are not the carriers of even our own goods, is it
quite certain that this is a deplorable fact? The most
obvious proposition for every individual man is that
he shall turn his time and energy to doing that for
which all Ms personal conditions give him the greatest
advantage. If the engineer in charge of a tunnel took
up the shovel, he could get only a digger’s pay for
doing a digger’s work, and any man out of Ms best
place must suffer in results. How to find that place
is not always easy, and many men do not find it; cir­
cumstances have often directed men away from it; but
the law that each man should do that for wMch he is
best fitted,|and should supply his wants by trade with
others, must equally apply to those aggregations which
we call nations.
If this reasoning is good, we need not distress our­
selves about the carrying part. It sounds well and
makes a superficial appeal to so-called Americanism
to say that trade follows the flag; but might we not as
well say that the flag follows trade? At least, trade
is the thing to be sought, and if we have the goods
which are wanted, on terms of exchange which are
profitable to both sides in an open world’s competition,
those goods will not lack means of getting to market.
Perhaps it may be more profitable to turn time and
energy into producing the goods for exchange than
into the vehicles for carrying them, since obviously
the same time and energy cannot be used upon both
these. If it is more profitable for us to do the one
than the other, we may be fairly sure that the greater

1315

advantage will be followed, and we can contentedly
leave the lesser to others.

There was no change in official rates of discount by
any of the European banks this week; compared with
last week unofficial or open market rates were
of 1%,
lower at London, 34 of 1% at Paris and
1%
at Berlin and Frankfort.
The feature of the statement of the New York
Associated Banks last week was an increase of $2,031,750 in the surplus reserve, to $4,403,425. This was
the result of a gain of $2,902,900 in cash and of an
increase of $871,150 in reserve requirements. Deposits
were augmented $3,484,600 and loans were increased
$4,070,500. There were transfers, through the Treas­
ury, of $2,350,000 to San Francisco and $100,000 to
New Orleans during the week and shipments of $750,000 to Canada.

Comparatively large losses by the banks to the SubTreasury early in the week, as the result of Customs
and other payments, and the above-no ted movement
to San Francisco and to Canada caused some appre­
hension of stringency later when the December disj
bursements of interest and dividends, amounting to
nearly $70,000,000 should begin, and when an install­
ment on about $30,000,000 of New York Central stock
fell due. There was, however, no special activity in
call money on Wednesday, though rates therefor were
firm. On Friday, when preparations for the Decem­
ber settlements were completed by the calling in of
temporary loans for that purpose, rates were not ex­
cessively high, averaging only 10% until the last hour;
then there was a sharp rise to 2 7% . There was only a
slight change in the market for time money and the tone
was somewhat easier, especially for the shorter dates,
owing to the light inquiry, borrowers preferring to rely
upon the call-loan branch of the market, at least for the
next sixty days, expecting that soon after the turn of
the year offerings of time money will be more liberal.
Money

on

call,

representing

bankers’

balances,

loaned at 2 7 % and at 3 % % during the week, averag­
ing about 6 % ; banks and trust companies quoted 4 %
as the minimum.

On Monday loans were at 6 3 4 % and

at % % % with the bulk of the business at 5 3 4 % -

On

Tuesday transactions were at 6 % and at 4 % with the
majority at 5 % .

On Wednesday loans were at 7 3 4 %

and at 4 % with the bulk of the business at 5 % .
day was a holiday.

Thurs­

On Friday transactions were at

2 7 % and at 6 % with the majority at 10% .

Time loans

on good mixed Stock Exchange collateral are quoted
at 7 3 4 % for sixty and 7 @ 7 3 4 % for ninety days, 7 %
for four and 6 @ 6 3 4 % for five to six months; loans are
offered at 6 % for seven to nine months but no business
is reported.

Commercial paper is quiet, with rates

unchanged at 6 @ 6 3 4 %
dorsed

bills

receivable,

for sixty to ninety day en­
6@ 634%

for

prime

and

fi 3 4 @ 7 % for good four to six m onths’ single names.
It is reported that a few banks at Western centres are
in the New York market for choice paper and that some
round amounts have been sold during the week .

The Bank of England rate of discount remains un­
changed at 6 % .

The cable reports discounts of sixty

to ninety day bank bills in London 534 @ 5 ^ 4 % -

The

i3i<;

THE CHRONICLE.

open market rate at Paris is 3 @ 3 )^ % and at Berlin
and Frankfort it is 5% % . According to our special
cable from London, the Bank of England gained
£2,124,962 bullion during the week and held £33,263,144 at the close of the week. Our correspondent fur­
ther advises us that heavy imports from Paris (mainly
American coin) and free purchases in the open market
were largely responsible for the gain exhibited. R e­
ceipts from the interior were also of important volume.
The details of the movement into and out of the Bank
were as follows: Imports, £1,487,000 (of which
£1,039,000 from Paris, including £632,000 American
coin, and £448,000 bought in open market); exports,
£15,000 (wholly to Gibraltar), and receipts of £653,000
net from the interior of Great Britain.
The foreign exchange market was almost featureless
and extremely dull this week. This was due in part
to the fact that until Thursday there was no fast Euro­
pean steamer. It is to be noted, also, that though
the semi-monthly settlement on the London Stock
Exchange occurred this week, there was no special
demand for cables incident thereto, possibly indicating
the closing out of American accounts that were carried
over at the previous settlement. Expectations of a
more or less urgent demand for exchange for remit­
tance in payment for maturing finance bills were not
realized; it was suggested that the bulk of these drafts,
which were negotiated in August and therefore ma­
tured in November, had been paid with the proceeds
of commodity bills or extended for another period of
three months or exchanged for new franc bills. There
was no evidence of speculation in the market, for there
were no such movements as would indicate either
over-bought or over-sold conditions; the fluctuations
were within a very narrow range. Cotton bills were
comparatively abundant but there were few security
bills. On Wednesday, when the business was largest
and more active because of the Thursday holiday, and
also for the reason that there would be a fast steamer
on the last-named day, the inquiry was apparently
easily satisfied. Compared with rates on Friday of
the previous week, the only important change was in
cables, which were 10 points lower because of the com ­
pletion of the bi-monthly settlement in London. On
Friday easier discounts in London caused a rise in long;
short and cables were, however, lower because of a
light dem and, and, they were also influenced by the
flurry in money.
Nominal rates for sterling exchange are 4 81)^ for
sixty day and 4 86)^ for sight. On Saturday of last
week there was a fall of 5 points, compared with the
previous day, in long to 4 8050@4 8065, a rise of 5
points in short to 4 8570@ 4 8575 and of 5 points in
cables to 4 8665@4 8670. On Monday long declined
5 points to 4 8050@4 8055, short advanced 5 points
to 4 8570@ 4 8580 and cables 5 points to 4 8665@
4 8675. On Tuesday long rose 5 points to 4 8055@
4 8060, short fell 10 points to 4 8565@4 8570 and ca­
bles 5 points to 4 8665 @ 4 8670. On Wednesday long
advanced 15 points to 4 8050@4 8075, short 5 points to
4 8565@ 4 8575 and cables fell 15 poiuts to 4 8650@
4 8660. The market was irregular on Friday, long
rising 25 points and short and cables falling 15
points.
The following shows daily posted rates for sterling
exchange by some of the leading drawees:

[V O L . LXXXII1.
F rl.,
M on.,
Tries., I Wed.,
Thurg., F ri.,
Nov. 23 Nov. 26 Nov. 27\Nov. 28 Nov. 29 Nov. 30

Brown
JeOdaysU
Bros. & Co--------- . . (Sight.- 4
Baring
160 days 4
& Co______ ______
4
Bank British
<60 days 4
North America . . —; sig h t.. 4
Bank of
] 60 days 4
Montreal.. _____ -.1 Sight.. 4
Canadian B ank____ - - f 60 days 4
of Commerce____ -.1 Sight.. 4
Hefdelbach, Ickel160 days 4
helmer & Co_____ -.1 Sight.. 4
Lazard
J60 days 4
Freres __________ --( S ig h t .. 4
Merchants’ Bank
/ 60 days 4
of Canada_______ --(S ig h t-. 4

Hl'A
86)4
81 A
86A
81A
86)4
Hl'A
86'A
Hl'A
86A
81‘
A
86)4
81A
86'A
813^
86A

81^
86A
81)4
86'A
81'A
86)4
81)4
86)4
81A
86'A
81)4
86'A
81A
86 A
81A
86'A

81A
86A
Hl'A
86'A
81A
86'A
81A
86 A
Hl'A
86A
81A
86 A
81A
86 A
81A
86'A

81A
86'A
81'A
86^
81A
86'A
81 A
86'A
8 l'A
86 A
Hl'A
86'A
81'A
86'A
8 l'A
86A

81A
86'A
81A
86A
81'A
86 A
81A
86 A
81'A
86'A
Hl'A
86'A
81'A
86'A
81'A
86 A

H
O
L
I
D
A
Y

The market closed on Friday at 4 8075 @ 4 81 for
long, 4 8550@4 8560 for short and 4 8635@ 4 8645 for
cables. Commercial on banks 4 8030@ 4 8040 and
documents for payment 4 7 9 ^ @ 4 81
Cotton for
payment 4 7 9 ^ @ 4 7 9 cotton for acceptance 4 8030
@ 4 8040 and grain for payment 4 81 @ 4 8 1 ^ .
The following gives the week’s movement of money
to and from the interior by the New York banks:
Received by
Shipped by
N . Y . Banks. N . Y . Banks.

W eek ending Nov. 30 1906.

N et Interior
Movement.

Currency_____________ ______________
Gold ________

S6,185,000
706,000

$6,906,000 Loss
1,300,000 Loss

$721,000
594,000

Total gold and legal tenders______

56,891,000

$8,206,000 Loss

$1,315,000

With the Sub-Treasury operations the result is as
follows:
Into
Banks.

W eek ending N ov. 30 1906.
Banks’ interior movem’ t as above.
Sub-Treasury operations------------------Total gold and legal tenders) —

-

'|

$6,891,000 I
18,400,000,
$25,291,000

Out o)
Banks.

N et Change in
| Bank Holdings.

$8,206,000 Loss
21,400,000 Loss

$1,315,000
3,000,000

$29,606,000 Loss

$4,315,000

The following table indicates the amount of bullion
in the principal European banks:
N ov. 29 1906.

N ov. 30 1905.

Bank o f
Gold.
England. .
France.
Germ anya
Russia . . _
Aus.-Hunb
Spain-----Italy_____
Neth’l’ds.
Nat .Belga
Sweden

Silver.

1

Total.

’

Gold.

| Silver.

£
£
£
£
33,263,144 1 ________ ! 33,263,144 33,559,580
110,269,411 40,363,133 150,632,544 115,651.581
30.347.000 10.116.000 40,463,0001 32,822,000
114,055,000 1 4,361,000 11S,416,000|114,925,0001
46.944.000 11.824.000 58,76S,000| 45,467,000!
15.341.000 24,262,000' 39,603,000 14,996,000!
4,326,9001 36,093,900 26,045,000
31.767.000
5,643,200| 11,174,700
6,602,100)
5,531,500
1,613,333
4,840,000 3,232,000
3,226,667
_________! 3,962,000
3.740,000
3,962,000

1

Total.

£
1
£
________ ! 33,559,580
43,650,088| 159,301,669
10,941,0001 43.763,000
3,764,000;118,689,000
12.039.000 57,506.000
22.769.0001 37,765,000
3.148,2001 29.193,200
6,042,7001 12,644.800
1,616,000
4,848,000
_________
3,740,000

Total week 394,706,722 102,509,565! 497,216,2881397,040,261103,969,9881.501,010,249
Prev .week 392,213,704 101,922,572,494,136,276j394,937,241,103,239,672j49S,176,913
H a The division (between gold and silver) given in our table of coin and bullion
in the Bank of Germany and the Bank of Belgium is made from the best estimate
we are able to obtain: iu neither case is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reportign the total gold and
ilver; but we believe the division we made is a close approixmation.
- b The Austro-Hungarian bank statement is now issued in Kronen and Heller
instead of Gulden and Kreutzer. The reduction of the former currency to sterling
Pounds was by considering the Gulden to have the value of 50 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 by dividing
theiamount ofjKronen by 24 instead of 20.

THE DEATH OF SAMUEL SPENCER.
There is no way to measure the loss sustained by
the community through the untimely death of such a
man as President Samuel Spencer of the Southern
Railway Company. All that it is possible to say is
that the loss is incalculable— and this whether we con­
sider his capacity for usefulness to the general public
or to those associated with him, and who trusted to his
advice and judgment and depended upon him to carry
to success the numerous enterprises with which he
and they have been identified. In both respects he
occupied a position of commanding prominence and
influence, and in both he rendered services the value
of which it is literally correct to say cannot be esti­
mated. His work was exceedingly varied and his
sphere of activity large. He was connected with the
Baltimore & Ohio R R . for a long term of years and
served it in many different functions, finally acting

D ec . 1 1906. |

THE CHRONICLE.

as President of the road. This was at the time of the
first crisis in the affairs of that trunk-line property,
when Drexel, Morgan & Co. stepped into the breach
and delegated Mr. Spencer to see that the money
raised on that occasion was properly expended and
the road wisely and efficiently administered.
The annual report submitted by him at that time
was a masterly presentation of the road’s affairs.
Moreover, it marked a reform in railroad methods
and in railroad accounting. The Baltimore & Ohio
had previously been exclusively under the domination
of John W . Garrett. Mr. Garrett was a railroad man
of high order, and he early recognized the merit of
Samuel Spencer and promoted him rapidly from one
position-to another. But the Garrett management was
autocratic and secretive. The annual reports of the
road contained little information of real value. Mr.
Spencer when elected to the presidency changed all this.
His treatment of the road’s large accumulated surplus,
which had been the pride of the old administration,
will doubtless be remembered by many of our readers.
He showed that this surplus was not an available fund,
that it simply represented credits of earnings to profit
and loss, and that though the credits undoubtedly
comprised real earnings when made, it was now neces­
sary to consider how they had been employed and
what disposition had been made of the same. He
completely revised the accounts, and also had the
various classes of assets re-valued. The result was
that nearly $25,000,000 of the surplus was marked off
as having no longer any tangible existence. For the
purpose of indicating what an innovation in the road’s
affairs Mr. Spencer’s action marked, we reproduce
herewith the opening paragraph of our editorial review
of the report submitted at that time. This article
appeared eighteen years ago, in our issue of No­
vember 24 1888.
“ Itis refreshing to get hold of a railroad report in
which the management shows it has nothing to con­
ceal. Of course every company has its weaker points,
but if the confidence of the public is to be gained
there is no method like opening every closet and expos­
ing every skeleton. In this way the security holder
obtains sure proof of the honesty and efficiency of
those conducting the company’s affairs, while the near
view which the truth enables one to gain is always re­
assuring. These remarks find new and forcible illus­
tration in Mr. Spencer’s report of the Baltimore &
Ohio Railroad made public this week. It is a complete
exhibit of the company’s affairs— an entirely different
document from any ever before submitted. We do
not at all suppose that the previous administration
sought to conceal anything. But during the years of
the company’s prosperity these annual statements had
grown into a stereotyped form which necessarily
omitted many facts and much information. Now that
those days are passed and another condition of affairs
exists, different treatment was needful; and the new
President, Mr. Spencer, shows himself equal to the
occasion— he has taken the security holder into his
confidence, letting him know the whole outlook.”
We refer to this early event in Mr. Spencer’s life be­
cause it furnishes a clue to his whole career and reveals
the principles upon which his success was founded.
Reform in railroad accounts in the United States may
be said to date from that time. After such an elabo­
rate and detailed exhibit the old form of skeleton re­
port had to be abandoned by one road after another.
Mr. J. P. Morgan recognized Mr. Spencer’s services by
admitting him to full membership in the firm. Square
and open methods dominated his every act. Whether

1:517

dealing with his associates or with the public or the
security holders, he had nothing to conceal. He was
straightforward and honest, and in this way gained
and held the confidence of every one. In these days
when men high in authority are indiscriminately
attacked in the forum and by the press, it is certainly
noteworthy that not a breath of suspicion has ever
been raised concerning this man’s character.
But sincerity was not the only feature of Mr. Spen­
cer’s acts. He was a striking man in many other
ways. He was familiar with every detail of railroad
operations, and he appreciated the importance of
looking carefully after the small things in railroad
work. W ith this he combined executive ability of a
high order, and the capacity to grasp the large prob­
lems arising in connection with railroad development
and administration. Of course the crowning work of
his career was the rehabilitation of the lines now com­
posing the Southern Railway System. This will
always remain an imperishable monument to his
genius and fam e. W e have often referred to the nature
of this task. The undertaking seemed a well-nigh
hopeless one. Previous attempts at reorganization had
been made and been abandoned, and when Mr. Morgan
finally undertook the work he selected Mr. Spencer
for executing the scheme which his firm had devised
— Mr. Spencer then retiring from the firm. And the
occasion afforded him a splendid opportunity for the
exercise of his talents and for applying his knowledge
concerning railroad affairs. How well he succeeded
.the prosperous state to which the Southern Railway
system has risen sufficiently well attests. The
“ Charleston News and Courier” aptly describes what
he accomplished when it says that he fashioned this,
great railroad system out of chaos. The services he
rendered the South in the creation of such a network of
railroads must be obvious to every one. He acted as
President of the company continuously up to the time
of his death, or over twelve years— covering the period
of greatest advance of the South in material welfare.
A Southerner by birth, it was fitting that this im­
portant task should have been assigned to him. And
how extensive were his plans for the future is evident
from the recent creation of the new 200-million-dollar
mortgage of the Southern Railway, in order to furnish
adequate capital needs for further developing the
system. It should be remembered, too, that in pro­
moting the credit of the Southern Railway he really
served to promote the credit of the South in showing
what the possibilities of capital were in that section
under proper direction and control. Of course other
men will take up the work where Mr. Spencer has left
off, but in the larger view of things it is impossible
to absolutely replace a man like Mr. Spencer— any
more than it will be possible to replace the other
prominent characters that have played part in the
railroad history of the past and present.

R USSIA ’S SECOND EXPERIMENT.
It is characteristic of newspaper readers the world
over, and particularly in this country, that intense inter­
est in a given subject and prolonged discussion of it bring
an inevitable surfeit, so that when there is a lull in
news from such direction, and when, still later, devel­
opments begin to come in sight again, it is more than
usually difficult to excite the public interest. This
principle, we should say, applies forcibly to the present

13l»

THE CHRONICLE

situation in Russia. Probably few people are aware
that at the present moment the elections for the new
Douma, on the result of which hinges much of the fu­
ture history of that country, are actually in progress.
Little is heard of these elections in the press, and still
less of those Russian outrages, descriptions of which,
not long ago, were our daily pabulum at breakfast.
As regards the peasant outbreaks, there is at least
fair ground for believing that the agitation has in a
way burnt itself out. There is a limit placed by nature
m the way of these uprisings. People must live,
and if a whole population devotes itself throughout a
season to destroying property and cutting off the
means of livelihood, starvation is likely to do, for the
protection of the community at large, what the police
and the military were unable to accomplish. There is
nothing surprising in the reports of famine which have
come from the recent centres of Russian violence,
and by inference the assumption that the fires of in­
surrection are dying out is at least reasonable. The
attitude of Russia itself throughout this whole episode
has been so much one of passive endurance, waiting
for the strain to end by the physical breaking-down
of the enemy, that in a certain way it reminds one
of the policy pursued by the same Government
when Napoleon and his troops had entered Russian
territory.
The importance of the elections to the Douma is
twofold. Necessarily, the future of the Russian Gov­
ernment depends very largely on the calming of the
people through the smooth working of the proposed
new Parliament. But it is also admitted that the for­
eign credit of Russia, and its success in future financing
of its needs on the French and other money markets,
equally depend on the restoration of some sort of political
equilibrium at home. There have been definite, ru­
mors, during the last few weeks, that Paris bankers
had again engaged to finance a Russian loan on the
pledge of conciliatory action by the Czar in the matter
of the Douma. These rumors have-been specifically
denied by the Russian Finance Minister; nevertheless
it is perfectly evident that if Russian finance is to be
restored to a thoroughly solvent position, such an
operation cannot be very long postponed.
On
the other hand, it is impossible to suppose that a
loan of any importance could be floated unless
accompanied by some definite assurance that the
conditions of the past year will not return were
given.
The result of the Douma elections will of itself tell
much as to the future. It will be remembered that
when the old Douma was dissolved, last July, it was
instantly inferred that the new Parliament, summoned
for next March in the decree of dissolution, would be
either an obedient creature of the Czar, elected under
the bayonets of his soldiers, or else would be of such
radical character as should express hot popular
resentment over the treatment of the legislators of
last summer. Hence, there was great curiosity as to
the manner in which the Government would approach
the election period. So far as the meagre information
as yet at hand gives warrant for opinion, neither re­
sult is being witnessed. The Government has possibly
been saved from a serious legislative situation by the
intelligent manner in which M. Stolypin, the Premier ,
has conducted its affairs. He has been conciliatory,
has made at least an honest effort toward advancing the

[Y ol . l x x x iii .

reforms which the people have most at heart, and has
apparently gained the confidence of the various classes
in a greater degree than any of his immediate prede­
cessors, not excepting W itte. Returns from the Mos­
cow district, on the other hand, show that the repre­
sentatives elected by the nobility are exclusively Con­
stitutional Democrats. This would certainly indicate
a movement away from strict endorsement of the Im ­
perial party, and is more or less in line with what was
expected in the absence of Imperial control over the
vote. There will be better means of judging the situa­
tion, however, when the returns come in from the rural
districts, where agitation has been most violent, and
where governmental interference with elections would
be more practicable.
The actual results, in any case, are as difficult to
forecast as those of any political event in recent times.
The most that one can say, in the light of what has
happened during the past two years, is that the pre­
vious experience of other nations will be little guide
to the actual outcome at St. Petersburg. It is con­
ceivable that a Douma of violent and revolu­
tionary sentiments might be returned. But it is
equally conceivable that delegates with a wider judg­
ment of the difficulties besetting them will be in the
majority , and will enter upon the game of wresting
privilege from the Imperial Party with more intelligent
and effective tactics than were possible in the case of
the Douma convened last May and dissolved last July.
There is at least one excellent authority on Russian
politics who has pronounced the Douma of 1906 an
impracticable body, whose dissolution really cleared
up the political situation quite as much for the people
as for the Russian Czar.
This is the judgment of Dr. E. J. Dillon, a cool, un­
biased and experienced critic of Russian affairs. On
the other hand, there are two facts which deserve men­
tion in connection with the new Russian Parliament.
One is that the very faulty rules of parliamentary pro­
cedure which very largely served to block the dis­
cussions of the Douma of last summer ought, if the
thing is possible, to be revised. Unlike all other
assemblages of the sort in modern countries, the
Russian Douma ignored the rule of requiring that a
regular motion or resolution should precede discussion
and that speeches should be made strictly to that
motion or resolution. On the contrary, it was the
practice of the Russian Douma to allow discussion to
run virtually unchecked through a period of days,
and to refer the framing of the motion to a committee
who, when the Douma was talked out, should incor­
porate in formal shape Such proposals as it deemed
were approved by the majority.
The inevitable result of such a parliamentary pro­
cedure was that discussion would be endless and
effective legislation almost impracticable. Aside from
this, there will probably remain to be met at the
outset the rock on which the Douma of 1906 very
largely split— the question of the responsibility of
the Ministry to Parliament . It may be supposed that
the Imperial Part}7 is to-day quite as adverse to grant­
ing such a privilege as it was six months ago. But
much has happened since; and the one thing which the
world has definitely learned about the attitude of the
Czar is that he fears his people and is ready to make
concessions, willingly or unwillingly, if such conces­
sions seem to be the only path to safety.

D ec . 1 1906. J
THE

TRUST

COMPANIES AND
RESERVE LAW.

THE CHRONICLE.
THE

1319

State that the amounts outside of the city do not play
Tak­
ing the aggregate of all kinds of deposits, including the
amounts due to banks and other financial institutions,
we get for November 14 1906 an aggregate of $973,922,600. Four per cent on this, which is the present
requirement of cash called forj is $38,956,904. Actu­
ally the trust companies on November 14, speaking of
them collectively, held in their own vaults $41,120,300
of specie and $5,642,500 of legal tenders and bank
notes, making together $46,762,800. By January 1,
as we have seen, the cash reserve will have to equal
5 % of the deposits. On the present basis of deposits
this would call for $48,696,130 of cash. As the insti­
tutions now hold $46,762,800 of cash, the further ac­
cumulation required will be less than $2,000,000.
Since the previous return three months before, or to
be exact since Aug. 6, the cash holdings have in­
creased from $41,811,316 to $46,762,800. For this
period, therefore, the addition has not been very note­
worthy or important; but if we go further back the
contrast becomes more striking. On May 16 1906 the
cash holdings were only $33,406,302. On Feb. 20
1906 they were no more than $20,226,548, while on
Nov. 9 1905 they were but $19,936,623. At earlier
dates in 1905 the amounts were somewhat heavier,
they having been drawn down between June 7 1905
and Nov. 9 1905 in the sum of about 7% million dol­
lars. The point of chief importance just now, how­
ever, is that as compared with a year ago the trust
companies of New York City— presumably wholly
because of the new law— have added roughly about
27 million dollars to the aggregate of cash kept within
their own vaults. This has happened at a time when
the United States Government through excess of
revenues over disbursements has locked up consider­
able money in Sub-Treasuries, the statement for Nov.
1 1906 showing $324,029,969 of cash in Sub-Treasuries,
against $309,559,216 so held twelve months before,
on Nov. 1 1905. The increase, it will be seen, is
roughly 14)^ million dollars, and adding to the same
the 27 million dollars additional held b y the trust
companies, we get nearly 413^ million dollars absorbed
in these two ways. It is needless to say that such
absorption must have been no small factor in the
tension in the money market.
As regards that portion of the reserve which must
consist of deposits in the banks, the x
’eader need
hardly be told that this is greatly in excess of the re­
quirements. The trust companies on Nov. 14 had
$82,651,900 of reserve on deposit with banks and trust
companies and this was independent of $19,789,300
due from trust companies, banks and bankers in the
ordinary way. Adding the $46,762,800 of cash on
hand, we get an aggregate of cash on hand or due from
banks and trust companies of $149,204,000, or more
than the whole 15% reserve fund required. For it
should be remembered that the 5 % of the reserve
which may consist of United States bonds or bonds of
the city and State of New York is permissive, not obli­
gatory. In other words, the whole of the 15% reserve
fund may be made up of cash and deposits with other
institutions.
One other point claims attention. The trust com ­
panies do not hold such large deposits as they at one
time did. The aggregate now, as we have seen, is
$973,922,600. On Aug. 6 1906 the amount was

NEW a part of any great consequence in the inquiry.

The Clearing House in this city has given out a
statement showing the condition of the trust com­
panies in the Greater New York under the call of their
condition for November 14 made by the State Superin­
tendent of Banking. These figures come considerably
in advance of the official compilation which will be
prepared by the Banking Department at Albany when
the returns for all the trust companies of the State
have come in. Owing to the promptness with which
the data have been compiled— it will be noticed they
are of date hardly more than two weeks back— the}'
possess added interest. Furthermore, they attract
more than the ordinary attention because of the law'
passed in this State by the Legislature last April
requiring the trust companies to keep in their own
vaults a definite stated cash reserve— definite, we
mean, in their relation to the deposits.
The provisions of this new- law concerning the re­
serve of the trust companies are well known to our
readers. The text of the Act was published in our
issue of May 5, page 1015. In brief, trust companies
in the Greater New York are required at all times to
have on hand a reserve fund equal to at least 15%
of the aggregate of their deposits. Outside of this city
the reserve requirement is 10%. At least one-third
of the reserve in this city— in other words, 5 % — must
consist of either lawful money of the United States,
gold certificates, silver certificates, or notes or bills
issued by national banks; that is to say, 5 % out of
the 15% reserve required of the trust companies in
the Greater New York must consist of actual cash.
Outside of this city 3 % of the reserve fund of 10%
must consist of cash. Of the remainder of the 15%
reserve required in this city, 5 % may consist of
United States bonds, bonds of the State of New York
and bonds issued by any city of the first or second
class in this State. The other 5 % must consist
of moneys on deposit subject to call in any bank or
trust company in this State having a capital of at
least $200,000 or a capital and surplus of $300,000
and approved by the Superintendent of Banks.
It is the requirement as to. the cash holdings concern­
ing which the most interest has been felt from the
first, not untinged with some anxiety. The law pro­
vides that the cash called for need be accumulated
only gradually. Two per cent out of the total of 5%
w'as required to be on hand at the time of the passage
of the A ct. By July 1 the amount had to be increased
to 3 % ; by October 1 to 4 % , and b y the coming 1st
of January the full five per cent will have to be on
hand.
But while the law was framed leniently in this re­
gard, the process of accumulation had to be carried
on during an unusually trying time. For it is within
the ken of every one that the money market has been
in a state of more or less acute tension during recent
months. The figures now made available, however,
show that the process of accumulation has almost
reached its end— or at least sufficiently near so that
further anxiety concerning the subject may be dis­
missed. The figures, as already stated, deal entirely
with the trust companies in this city (comprising all
the boroughs), but the totals here constitute such
a preponderating proportion of those for the whole

1329

THE CHRONICLE.

$999,210,649. On May 16 1906 it was only $936,371,789; February 20 1906 it was $954,001,162; but
Nov. 9 1905 the aggregate was $1,009,988,663 and
Sept. 5 1905 the total was $1,124,934,198. In the
interval of fourteen months, therefore, the deposits
of the trust companies have been reduced 151 million
dollars. We may suppose that the loss reflects with­
drawals by depositors to take advantage of the high
interest rates, the depositors finding it possible to get
better returns for their money in the market than by
accepting the rates for deposits paid by the trust com­
panies. But have the banks fared any better with their
deposits ? As a matter of fact these have suffered an
even larger reduction than the trust companies, for
the weekly Clearing House return of Nov. 10 1906
showed net deposits of only $998,754,500, as against
$1,166,587,700 on Sept. 2 1905. The trust com­
panies themselves, however, are responsible for part
of this reduction, as their deposits with banks and
other financial institutions Nov. 14 1906 were only
$102,441,200, against $145,983,533 Sept. 5 1905.

THE UNION PACIFIC’S ANNUAL REPORT.
The complete report of the Union Pacific Railroad
Company for the year ending June 30 1906 has been
issued this week and it bears out fully the anticipa­
tions and calculations based on the preliminary re­
turn made when the company increased the dividend
on the common stock from a basis of 6 % per annum
to 10% . The results disclosed are in every way
marvelous— alike as regards the income showing, the
operating achievements and the display of free assets.
W e have used the expression “ marvelous” many times
with reference to the Union Pacific and also with
reference to some other large systems distinguished
for their good exhibits, and the reader may get the
idea that we are employing the word rather freely
and perhaps not with due discrimination; but really
there is no other appellative that fits the results.
They are truly wonderful.
Take first the income return for the twelve months.
On top of the large gains of previous years we find for
1905-06 a further increase of $7,956,594, or 13.41% ,
in the gross transportation receipts and a further im­
provement of $2,855,535, or 10.40% , in the net
earnings over operating expenses and taxes. This
alone would not attract particular attention, for
large and continuous gains have become almost the
rule among our principal railroad systems. But the
Union Pacific at the same time enlarged its income from
sources other than the transportation business— in
other words the income from investments— by $3,833,056 and contemporaneously reduced its fixed
charges (in the way presently to be mentioned) by
$2,290,575. The result is that as compared with the
year preceding the surplus above fixed charges has
risen in amount of $8,979,166, or almost 4 0 % . Even
without the income from investments— that is, con­
sidering simply the results from the transportation
business— the surplus above fixed charges reaches the
very large sum of $21,434,858; that is to say, with
fixed charges of only $8,882,911 there were available
net earnings from the transportation business of
$30,317,769. Deducting from the $21,434,858 net
earnings, the sum called for by the 4 % dividends
paid on the preferred stock, and allowing for 6% divi­

[V O L . L X X X III.

dends on the common stock (together $15,622,866),
there is left a remainder of $5,811,992, equal to 3%
more on the $195,446,900 of common stock outstand­
ing June 301906. It hence appears that from the trans­
portation business alone, without allowance for the
company’s enormous income from investments, 9 %
was earned on Union Pacific stock, and this too, we
might say, after a contribution of $2,206,610 to the
reserve fund for renewals, &c., this last having been
included directly in the expenses.
But, as already shown, in addition the company had
income from investments and other sources in the sum
of no less than $10,329,815. The 2 % extra made at
the time of the semi-annual payment on October 1
(we mean 2 % above the former 3 % semi-annual dis­
tribution) took only $3,909,558 of this, leaving conse­
quently a balance of $6,420,257 to be added to the
$5,811,992 surplus remaining above the 6 % dividend
on the transportation business. In brief, upon com­
bining the income from investments, &c., with the
income from the transportation business, a surplus
remains of $12,232,249, after allowing for the 8 % divi­
dends on the common stock which come out of the
year’s accounts, namely the 3 % paid April 1 1906 and
the 5 % paid October 1 1906. As stated above, this is
the amount too after including in the expenses a
charge or contribution of $2,206,610 to the reserve
fund. Out of the $12,232,249 a further sum of $2,700,000 was appropriated for betterments and addi­
tions made during the year; also $500,000 for better­
ments and additions of branch lines and $1,000,000 for
new equipment, making $4,200,000. Even then a
balance of $8,032,249 remained. Stated in another
way, after special contributions of, roughly, 614 million
dollars, the income statement shows an undivided
surplus of $8,032,249 over and above the 8 % divi­
dends charged against the year’s accounts.
The distinction between the transportation income
and the income from other sources should not be over­
looked. It should also be borne in mind that in rais­
ing the semi-annual payment from 3 % to 5 % , the 2 %
additional was taken entirely from the other income.
To be more precise, while the Union Pacific common
is now a 10% stock, only 6 % will come out of the
transportation business; the other 4 % will come out of
the income from investments, &c. The point of
difference is very important, for the Union Pacific’s
investments in other properties have been and are of
huge proportions, and very large profits are being de­
rived from the same.
Altogether— from transportation and from invest­
ments— the Union Pacific earned for the common
stock in the late year 14.22% . This is the result
before taking out the special appropriation of $4,200,000 already referred to, but after taking out the
$2,206,610 charged directly to expenses for the reserve
fund. With this last item eliminated, the amount
earned for the stock would be raised to nearly 15E j% .
In considering the probabilities for the future, this
item, it would appear, may with perfect safety be
excluded, for the report tells us the credit to the
reserve fund is now $4,774,610, a sum which for the
present is ample, considering the improved physical
condition of the properties, to permit a discontinuance
of further charges to operating expenses for reserve.
It is hence declared that the surplus from transporta­
tion operations available for distribution •will be

D e c . 1 1906.]

T H E C H R O N IC L E

greater by the amount of the annual deduction for
this reserve fund. It is furthermore pointed out that
there is also a credit of $4,678,351 to a reserve fund
for betterments, additions and' new equipment,
making a total credit to reserve funds of $9,452,961.
Income from investments the current year is also
certain to be further increased. The $10,329,815
derived in that way in the late year included a halfyear’s dividend on the company’s holdings of the
common stock of the Southern Pacific Company, the
first dividend on that company’s stock having been
paid, as is known, October 1 1906. In the current
fiscal year two semi-annual dividends of this amount
will count, and hence the addition on that account
alone will be $2,250,000. The report tells us that the
amount of the increase of income from investments
will probably be raised to $4,000,000 “ by the increased
yield from re-investment of the proceeds from the sale
of securities, and by receipts from other investments.”
The $4,000,000 is equivalent to over 2 % on Union
Pacific common stock, and by adding this to the 15%%
actually earned for the stock during 1905-06, we would
get earnings for the shares of, roughly, 17%%.
From the above it is obvious that the Union Pacific
under its present management owes its success in the
main to two things: (1) its operating achievements and
developments
and (2) the success attending the
company’s investments. On the subject of the oper­
ating developments, it will not be necessary to dilate
here, as we have so frequently dealt with this matter
in the past. Suffice it to say, enormous amounts of
money have been spent for the development and
improvement of the property,' and the results have
amply repaid the efforts in that direction. Comparing
the first year after the reorganization of the property
(1898) with the year ending June 30 1906, it is found
that the gross earnings in the interval have risen from
$32,631,769 to $67,281,542, or over 100%, and the
net earnings (we mean from transportation operations
alone) from $13,051,478 to $30,317,769, or over 130%.
What is particularly noteworthy is that this result has
been attained with scarcely any increase in the length
of road operated, this for the latest year having been
5,403 miles against 5,325 miles in 1898. The manage­
ment have had two main points in view: (1) develop­
ing the traffic and capacity of the system as fast as
possible and (2) moving the growing tonnage with
increasing economy and efficiency. The large ex­
penditures of money upon the property have been
entirely with that end in view.
What has been accomplished in this way will appear
when we say that during the eight years the number
o f tons per loaded car has increased from 12.53 to
21.54 (over 7 0 % ), while the train-load has been raised
from an average of 278 tons to 509 tons, the increase
in this last case being over 8 0% . None of our readers
need be told that an average train-load of over 500 tons
must be regarded as very high. In the Union Pacific
case, moreover, the averages for all the different divi­
sions are high. For the Union Pacific Division the
average is 494 tons; for the Oregon Short Line 558
tons, and for the Oregon Railroad & Navigation Co.
502 tons. These are the averages per revenue train
mile. Per traffic train mile, that is, taking into ac­
count the helping mileage, the figures would be some­
what lower, and yet be very high, the average in this
way for the entire system figuring out 452 tons.

1321

What an essential element economy and efficiency
are in the management of a system of the size of the
Union Pacific, and what a large aggregate even a small
saving per ton or per passenger involves, will be
plain when we note that in the late year alone the
Union Pacific moved 810,094,714 more tons of freight
one mile than in the previous year and 113,249,075
more passengers one mile, making altogether nearly
1,000 millions addition in a single year in the units of
transportation service rendered. Such figures as
these show at once the magnitude of the operations of
the system and the wonderful way in which these operar
tions are being extended. As bearing upon the same
point and as an indication of the density of the traffic,
it should not escape notice that in the late year the
ton miles per mile of road averaged 1,203,174 against
only 476,009 in 1898. This is the story told b y one
of the diagrams in the report, and it demonstrates
what has been accomplished over the same rails (for
we have seen there has been very little increase in
length of road operated) by reduction of grades,
changes in line, heavier rails, equipment of greater
capacity and closer supervision of car-loading and
train-loading.
In speaking above with reference to the year’s in­
come, we said nothing concerning the receipts of the
land department. This is yet another source of in­
come. Under the provisions of the first mortgage
of the Union Pacific Railroad, the net proceeds of the
sale of lands belonging to the company itself, and also
all sums of money received on account of interest or
principal of the bonds and for dividends upon the
stock of the Union Pacific Land Company must be
set apart by the trustee of the mortgage as a Cash Im ­
provement and Equipment Fund to reimburse the
Union Pacific for expenditures for betterments, im­
provements, &c. The net proceeds applied in this
way during the year were $1,240,000. Through these
appropriations of land income and the special contri­
butions from earnings, charges to capital account
have in recent years been almost entirely obviated.
During the late year the outlay upon items which
would ordinarily be charged to capital aggregated
$6,258,129; of this, $2,700,000 was met with appro­
priation from income; $1,240,000 from land receipts,
and $237,256 was supplied from other sources, leaving
the actual charge to capital account only $2,080,873.
In the year preceding, the result was even more strik­
ing. With capital outlays of $2,488,602, the credits
from income and from land sales were $4,188,753,
leaving in that year an excess of $1,700,151 above the
amount required for the purpose, with the result that
in the balance sheet “ cost of property” was actually
reduced in the amount given.
Another feature in the recent history of the Union
Pacific attracts attention. We mean the reduction
which has been going on in the funded debt of the com ­
panies constituting what is called the Union Pacific
System. The reduction has been effected through the
retirement of certain large bond issues and their re­
placement by stock. In the previous fiscal year there
was a decrease in the net amount of the funded debt
outstanding in the hands of the public of almost 60
million dollars ($59,796,500), this decrease having
been due mainly to the conversion into stock of the
Union Pacific R R . first lien convertible 4 % bonds and
the calling in of the Oregon Short Line R R . Co. 4 %

132VI

THE CHRONICLE.

and participating 25-year gold bonds, though there
were other items that affected the result, as was fully
explained in our review of the report of that year in
the issue of the “ Chronicle” of Dec. 9 1905, page 1638.
In the year now under review there was a further de­
crease in the net total of the debt in the sum of $28,413,000, mainly through the conversion into stock of
$30,605,000 more of Union Pacific R R . first lien 4%
bonds into an equal amount of Union Pacific R R . com­
mon stock and the retirement of the remaining Oregon
Short Line R R . 4% and participating bonds. As a
result, the aggregate of the funded debt in the hands
of the public June 30 1906 was only $201,532,000,
against $289,741,500 on June 30 1904. The fixed
charges in the late year were but $8,882,911, against
$11,173,486 in 1904-05 and $12,451,531 in 1903-04.
But the most remarkable exhibit of all is found in
the balance sheet in the display of cash and cash assets.
The report tells us that “ the current and other free
assets increased $71,354,759 over the preceding year.”
And the figures in the balance sheet bear out this
statement. The so-called “ current assets” increased
during the twelve months from $17,574,127 to $71,845,800 and the “ deferred assets” from $34,664,940 to
$51,172,090. If the deferred assets be considered
not immediately available, since they comprise prin­
cipally advances for the construction and acquisition
of new lines and payments for account of the San Pedro
Los Angeles & Salt1 Lake R R ., the $71,845,800 of
current assets may be regarded as all available, with
the single exception of the item of $7,832,788 repre­
senting the value of material, fuel and supplies on
hand. These current assets comprise some striking
items. For instance, of cash alone, $21,258,882 is re­
ported, and in addition the company on June 30 1906
had $34,710,000 loaned out on call in the Street, mak­
ing together only a trifle less than $56,000,000 of actual
cash. Twelve months before, on June 30 1905/ the
company held only $7,345,564 of cash with no money
loaned out on call.
But this does not tell the whole story of the change
during the twelve months in the company’s financial
condition. A year ago the company owed $11,198,375
on loans and bills payable outstanding: this year there
are no such obligations and the aggregate of the current
liabilities of all kinds has been reduced from $24,923,600 to $20,419,100. The explanation of this
transformation in financial condition is found in
the fact that the value of stocks and bonds owned
has been reduced during the twelve months from $159,275,326 to $96,781,806. But let no one conclude
from these figures that the company has parted with
securities of the nominal or par value of the amount of
the difference between these two totals. Obviously,
the company has disposed of assets having a money
value to the extent of the difference, but these assets
comprised items which netted the company a very
large profit and this profit evidently has been applied
in the reduction of the book value of the securities
held. We have in mind more particularly the dis­
posal of share holdings in the Northern Securities Co.
and the two constituent companies, the Northern
Pacific R y. and the Great Northern R y. A year ago
the Union Pacific accounts still showed $12,850,000
of Northern Securities Co. stock held-—the Oregon
Short Line R R . being the holding company. In ex­
change for $10,000,000 of this there was received the

V ol. l x x x h i .

due proportionate amounts of stock of the Great North­
ern Co., the Northern Pacific Co. and Northern Se­
curities “ stubs.”
The other $2,850,000 of Northern Securities ‘stock
(par value) was sold and there was also sold $9,960,089
par value of the company’s holdings of Great Northern
stock, likewise $14,830,082 par value of its holdings of
Northern Pacific shares. The aggregate par value of
the securities thus disposed of was only about 27 %
million dollars, it will be seen. The money value, how­
ever, must have been from two to three times this sum ,
since the shares referred to have all through the year
commanded a very high premium above par. The re­
port distinctly states that the decrease already noted
of $62,493,520 in the total of stocks and bonds owned
as charged on the books was “ mainly the result of the
above-mentioned sales.” The report also tells us
that the amounts realized from the sale of these stocks
“ were credited against the cost of the stocks owned.”
In other words, whatever profits were realized went
simply to reduce book values. There is another rea­
son for thinking that the profits from the investments
in Northern Pacific and Great Northern stocks do not
appear in the books, namely that if they had been
taken into the accounts there would be a record of
them in the profit and loss adjustments for the twelve
months, and no such record appears.
The Union Pacific, through the Oregon Short Line
Co., still held on June 30 large amounts of both
Northern Pacific and Great Northern shares. Besides
the operations already referred, to, the Oregon Short
Line Co. acquired under the subscription rights given
to the stockholders of the Great Northern Co. $3,744,400 stock of that company. We have prepared the fol­
lowing interesting statement to show the changes in the
holdings of these companies during the twelve months
and the amount of each still on hand June 30 1906.
N orthern P a d fic Stock.
_$
June 30 19 05_______24,295,152 15
R ec’d during year:
In exchange____ 3,887,730'00
On rights________
_ ____ _____

Great N orthern S tock.
$
18,665,259 49

28,182,882 15
Disposed of:
B y exchange------- -------*--------By s a l e _________ 14,830,082 15

25,396,489 49

12.S50.000

9,960,089 49

10,000,000
2,850,000

Remaining June 30
1906_____________ 13,352,800 00

N orthern
S ec. S lock .
$
12,850,000

2,986,830 00
3,744,400 00

15,436,400 00

N orthern
S cc.S tubs.
§
624,918 71
100.000 00

Nil

724,918 71
18 7 1
724,900 00

It will be seen from the foregoing that there still re­
mained in the Treasury June 30 1906 $13,352,800 of
Northern Pacific stock, $15,436,400 of Great Northern
stock and $724,900 of Northern Securities “ stubs.”
These are simply par values. The market value, how­
ever, of Great Northern stock now is over 315 and of
Northern Pacific stock over 220. If the whole block
of these stocks and of Northern Securities stubs were
disposed of, it would yield at present prices in the
neighborhood of $80,000,000. If the sale should
be made and the proceeds “ credited against the cost of
the stocks owned,” as was done the past year, the ag­
gregate cost of the stocks and bonds owned would be re­
duced (the amount now being $96,781,806) to below
$18,000,000 and we would have the unique spectacle
of stocks and bonds owned to an aggregate value of
$297,919,220 (we mean after the elimination of the
Northern Pacific and Great Northern share holdings),
and of which $137,380,720 remain unpledged, standing
on the books of the company for no more than $18,000,000. These stock and bond holdings comprise
some securities which it would be desired to retain for
purposes of control, but they also comprise some very

D mo.

1 190(5.1

THE CHRONfCLE

large items which could be readily parted with and
realized upon. To mention only one item, the list

templated.

The report is this time signed by Mr. E . H .

includes $55,000,000 of Oregon Short Line 4' , refund­
ing bonds which the Union Pacific R R . Co. holds un­

case with the reports of preceding years, these bearing

liarriman himself, as President, which was not the
the attest of the Secretary, and from this it would

appear that the company has at last reached a stage
pledged in its treasury.
It thus becomes evident that the financial strength wdiere Mr. Harriman feels entirely satisfied with its
of the Union Pacific Company is not fully revealed in development and the results achieved.
the $ 55 t9(38.8S2 of cash on hand or loaned out— that
FALL RIVER DIVIDENDS IN 1906.
in addition the holdings of Northern Pacific and Great
The cotton-m anufacturing industry of Fall R iver lias
Northern shares, & c., would bring at present market furnished very satisfactory financial results for 1906, and in
prices close to $80,000,000, and that furthermore there the last quarter of the year shareholders fared better than
in the preceding three months or in the same period last year.
are $55,000,000 of Oregon Short Line 4 % refunding The favorable result is due o f course to the dec idedly healthy
bonds held unpledged besides numerous other holdings condition o f the cotton-m anufacturing industry, which has
enabled the corporations, practically without exception, to

of stocks and bonds of smaller amount. Moreover, keep machinery fully em ployed, to make more liberal dis­
the $51,172,090 of ‘ ‘deferred assets” includes $17,300,- tribution to shareholders and appreciably add to the pre­
000 of payments for account of the San Pedro Los
Angeles & Salt Lake R R . and $22,836,611 of advances
for the construction and acquisition of new lines.
Sooner or later, we may suppose, these advances will
be repaid by security issues of the new companies and
in this way become available. Truly, therefore, the
array of assets is a remarkable one.
If we assume that the stock and bond holdings now
are substantially the same as they were on June 30
1906, then it follows as a matter of course that the
Union Pacific must participate in all the benefits to
accrue from ownership in the different properties.
On its Great Northern holdings, for instance, it will

viously existing surplus. One of the corporations— the
King Philip Mills— which for some years has pursued the
very conservative policy of declaring but 6 % per annum ,
no matter what the actual result of operations has been, has
reduced its surplus b y making a 50% stock distribution,
thus increasing its capital to $1,500,000. How the profit
and loss account of a number of the im portant mills stands
now as compared with a year ago is indicated by the following:
P R O F IT A N D LOSS SURPLUS.

Arkwright Mills _ _ _ , __ ____
Borden City Mfg. C o.
_ .
_
Caase M ills.. __________ ______
Cornell Mills_
_
_____
Davis M ills.. _______ __________
Flint Mills______________ _______
King Philip Mills. __________ _ . . .
_____ .
Laurel Lake Mills____
Merchants' Manufacturing C o ..
Narragansett Mills______
____
Parker M ills.......... _ _____
Sagamore Manufacturing Co —
Stafford M ills..
. . .
. .
Stevens Manufacturing C o____
______
Tecumseh M i l l s ....
Union Cotton Manufacturing Co

1000.
$95,426
73,706
124,005
177,639
244,073
43,611
1.017.781
108,815
222,229
49,907
60,224
188,973
147,524
189,044
96,284
86,841

1905.
$63,267
27,018
57,803
162,608
143,235
18,957
779,497
59,499
172,491
31,395
12,027
148,130
48,966
159,222
74.832
12,000

Increase
1906.
$32,159
46,688
66,200
15,031
100,838
24,654
238,284
49,316
49,738
18,512
48.197
40,848
98,558
29,822
21,452
74,841

get its proportionate amount of certificates of beneficial
interest in the Great Northern ore lands. It will also
$1,970,947
$955,135
T o t a ls _______________________
be entitled to any further rights that may be offered
T h is c o m p i l a t i o n d o e s n o t s e e m t o r e q u i r e a n y s p e c ia l
to take new Great Northern stock at par, now' selling com m ent. It is self-explanatory and shows that within

the year the sixteen corporations included, after paying d ivi­

at such a high premium.

In the case of Northern dends, & c., have been able in the aggregate to fortify their
Pacific, too, if rumor be correct, some valuable rights surpluses b y nearly one million dollars, or almost 5 0% .

The im portant happenings of the year up to the first of

are to be accorded the shareholders.
September were fully covered in our annual “ Cotton Crop
In considering the Union Pacific’s enormous aggre­ R eport” issued last September and require no further m en­
tion here.

The only developm ent of im portance since that

gate of available assets,it must not be forgotten, how­ time has been the demand o f operatives for a further increase
ever, that the company’s capital needs in the near in wages of 1 0 % , which the manufacturer's were loath to
future are also certain to be large.

meet and endeavored to compromise on the basis of 5 % now

Furthermore, it and another 5 % in February if conditions warranted. The
is perfectly safe to say that in the interval since mill hands refused to recede from their position and voted
a strike, to be inaugurated M onday, N ov. 26.. Trouble was
June 30 1906 the enormous holdings of cash have averted bjr the owners conceding the increase as asked. 7
The distribution of dividends for the fourth quarter of
been very greatly reduced. W e notice in the report
1906 has been decidedly greater than that for the similar
it is stated that the proceeds of the stocks sold period of 1905 and more satisfactory than in many earlier

during the twelve months were “ used in the construc­ years. All of the corporations included in our statement
have declared dividends during the last quarter averaging
tion and acquisition of newr lines and in the purchase 1.77% on the capital invested, against 1.09% in 1905,
of equipment and other property; also in an increase 0 .5 0 % in 1904, 1.39% in 1903, 1.49% in 1902 and 1.24% in
1901. The details for the fourth quarter are as follows:
in cash assets, which, since the close of the fiscal year,

has been applied to the construction of new lines and to
the acquisition of other property.” W e would call the
reader's attention to the words which we have here
put in italics. They should be considered in connec­
tion with the fact that Union Pacific interests are
known to have purchased recently $40,000,000 stock
of the Baltimore & Ohio R R ., the cost of which must
have been in the neighborhood of $50,000,000.
It should also be noted the report states new equip
ment has been ordered of an aggregate cost of $13,000,000. Then in enumerating what is being done in
the way of new construction work (building new lines,
extensions, & c.), the statement is made that since
the close of the fiscal year additional companies have
been incorporated. To this the remark is added that
“ the cost of lines in course of construction, of other
lines projected and of the additional equipment herein­
before referred to will involve an outlay of about
$50,000,000.” W e cite this remark simply to indi­
cate how extensive is the new work under way or con­

Fourth Quarter.
1906 and 1905.

Capital.

Dividends
1906.
P .C .

-$
800,000 I A
300,000 a 1 'A450,000 l A
495,000 l A
1,000.000 1 A
1,000,000 1
900,000 1 A
300,000 t H
400,000 9
500,000 \A
400,000 l A
580,000 2
1 ,000,000 4
800,000 l
1,000,000 51 J
4
300,000 5
75(1,000 i
800,000 i
400,000 3 A
750,000 1
800.000 1
600,000 l A
800,000 2
900,000
550.000 l
1,000,000 1
700,000 i H
750,000 2
300,0001 6
1,200,000 1A
750,000! 1
550,000|
l*
Total ......... .................... 21 .825.ooo! 1.77

American Linen C o_ __
_
Ancona M ills____________
Arkwright M ills ________
Barnard Mfg. Co
Border Cilv Mfg. Co . .
Bourne M ills.. _____
Chace Mills____________
Conanlcut Mills ______
Cornell Mills_____________
Davis Mills _____________
Davol Mills ____________
Flint M ills ______________
Granite Mills___________
Hargraves Mills _____ .
King Philip Mills________
Laurel Lake M ills ...........
Mechanics’ Mills
Merchants' Mfg. Co.
Narragansett M ills.. . .
Osborn Mills ___________
Parker Mills __ ___ .
Poeasset Mfg. Co ....... ..
Richard Borden Mfg. Co
Sagamore Mfg. C o____ .
Shove Mills ............... ..
StalTord Mills ....................
Stevens Mfg. C o_
_
Tecumseh M ills.......... ......
Troy Cot. & W . Mfg. Co _
Union Cotton Mfor. C o .. . .
W ampanoag Mills ______
W eetamoe Mills..................
a
b

On 5100.000 preferred stock.
Also stock d vldend of 50%

\mt.

Dividends.
1905.
P .C

$
12,000 1
1,500 No
6,750 1
7.425 1
15.000 i
10.000 l
13,500 d l A
3,750 i
8,000 l A
7,500; No
6,000 l
11,600 1 A
40,000 1 A
8,000 No
15,000 1 A
15,000 2
7,500 No
8,000 i
14,000 2
7,500 I
8,000, No
9,000 i A
16,000, 1 A
45,000 1
5.500J No
10,000 1
8,750 j 1 u
15,0001
18.000' 3
18,000| 1 A
7.5001 No
6,875 1
385.650' 1.09

Amt.
$
8,000
divid’d
4,500
4,950
15,000
10,000
11,250
3,000
6,000
divid'd
4,000
8,700
15,000
divid'd
15,000
6,000
divid'd
8,000
10,000
7,500
divid'd
9,000
12,000
9.000
divid’d
10,000
8.750|
7,500
9,000]
18,000
divid'd
5,500

In c.( + )
or
D ec.(— )
+
+
+
+

$
4,000
1,500
2,250
2.475

+ 2,250
+750
+ 2,000
+ 7,500
+ 2,000
+ 2,900
+ 25,000
+ 8,000
+ 9,000
+ 7,500
+ 4,000
+ 8,000
+ 4,000
+ 36.000
+ 5,500
+ 7.500
+ 9,000
+ 7,500
+ 1.37 5
+ 160.000

* On capital of $500,000.
<f On capital of $750 000.

]?HE CH R O N IC LE-

1324

Com bining the foregoing results w ith those for the first
nine m onths (published in the “ Chronicle” A ugust 2 5 ), we
have the follow ing exh ibit for the year. It will be observed
that on a capitalization o f $21,825,000 the mills have paid
ou t in dividends $1,491,100 in the present year, or an average
o f 6 .8 3 % , against only $688,550, or but 3 .3 4 % in the like
period of 1905.
Years
1906 and 1905.

Capital.

Dividends
1905.

Dividends
1906.
P .C .

American Linen C o____
A ncona Mills
_____ Arkwright M ills_______
Barnard Mfg. Co _____
Border C ity Mfg. C o____
Bourne M i l l s . - _______
Chace M ills ______ . . .
C on a n icu tlM ills_______
Cornell M ills.. ________
Davis Mills . . .
___
D avol M ills. ______ . .
Flint Mills . _________
Granite M ills.
________
Hargraves Mills
_. .
K ing Philip Mills
Laurel Lake Mills______
M echanics’ Mills.
M erchants’ Mfg. C o-----Narragansett Mills____
Osborn M ills. -----------Parker Mills ... . . . . .

S
800,000
300,000
450,000
495,000
1,000,000
1,000,000
900.000
300,000
400,000
500,000
400,000
580,000
1,000,000
800,000
1 000,000
300,000
750,000
800,000
400,000
750,000
800,000
600,000
800,000
900,000
550,000
1,000,000
700,000
750,000
300,000
1,200,000
750,000
550,000

A m t.

6
a4%
4%
4%
9%
4
6
4%
12%
6
6
6%
8%
1
hi)
11
4
4
8
4
1
6
6%
20
4
4
5
6
20
18%
2
4%

%
48,000
4,500
20,250
22,275
95,000
40,000
54,000
14,250
50,000
30,000
24,000
37.700
85,000
8,000
60,000
33,000
30,000
32,000
32,000
30,000
8,000
36,000
52,000
180,000
22,000
40,000
35,000
45,000
60,000
222,000
15,000
26,125

P.C .
3
No
3
3
3%
3%
4%
1
5
No
1
4
4%
No
6
5%
1
2
5
2
No
6
5%
4%
No
1
4%
6
8%
6
No
2

A m t.

7 n c .(+ )
or
D e c .l— )

$
%
24,000 + 24,000
+ 4,500
d ivid ’ d
+ 6,750
13,500
+ 7,425
14,850
35,000 + 60,000
+ 5,000
35,000
33,750 + 20,250
3,000 + 11,250
20,000 + 30,000
+ 30,000
d ivid ’ d
4,000 + 20,000
23,200 + 14,500
45,000 + 40,000
+ 8,000
d ivid ’d
60,000
10;500 + 16,500
7,500 + 22,500
16,000 + 16,000
20,000 + 12,000
15,000 + 15,000
+ 8,000
d ivid ’d
36,000
+ 8,000
44 ^ 0 0
40,500 + 139,500
+ 22,000
d ivid ’ d
10,000 + 30,000
+ 1,750
33,250
30,000 + 15,000
25,500 + 34,500
72,000 + 150,000
+ 15,000
d ivid'd
11.000 + 15.125

Shares. B A N K S — New York,.
how . High.
50 A m erican E xch. Nat. Bk 249% 249%
a 2,525 C om m erce, Nat. Bank of 180% 181
7 Corn E xchange B a n k ... 311%
150 Park Bank, N ational____ 455 455%
T R U S T C O M P A N Y — Brooklyn.
60 B rooklyn Trust C o......... ........ 410
410
a Sold at the Stock E xchange.

[V O L . L X X X III.
Close.
249%
181
311%
45 5%

Last previous sale.
N ov. 1906— 250
N ov. 1906— 180
311% O ct. 1906— 314
O ct. 1906— 465

410

F eb.

1906— 418

— A New Y ork Stock E xchange m em bership was reported
transferred this week for $87,000.
— A clearing-house association has been organized in
Colum bia, S. C ., to begin operations on January 2. The
officers o f the association, w hich is com posed of the seven
banking institutions of the city , are: President, George L .
Baker, President o f the State Bank; V ice-P resident, W . G.
Childs, President o f the Bank of Colum bia; Secret ary,
Treasurer and General M anager, B . F . P. Leaphart, Cashier
of the Bank of Colum bia.

— The railroad accident which occurred on Thursday near
Lynchburg, V a ., in w hich Samuel Spencer, President of
the Southern R ailw ay, lost his life, was also responsible for
the deaths of Gen. Philip Schuyler of New Y o rk , Charles D.
Fisher of Baltim ore and Francis T . R edw ood of Baltim ore,
all of w hom were traveling with President Spencer in his
R ichard Borden Mfg. Co
Sagam ore Mfg. Co__ __
private car. Gen. Schuyler, who was b o m in this city 70
Stove Mills
---years ago, was long identified w ith the New Y ork Life In ­
Stafford Mills _________
Stevens Mfg. C o .. . . . . .
surance & Trust C om pany, and was one o f its trustees at the
S ecumseh M ills_____
.
T roy C ot.& W . Mfg. C o.
tim e o f his death. Charles D . Fisher was sixty years of
Union C otton Mfg. C o _ .
Wampanoag Mills_____
age and was a son o f W illiam Fisher, with w hom he began
Weetamoe M ills. _____
business under the name o f W illiam Fisher & Son, stock
T otal —
_
------ 21,825,000 6.83 1,491,100 3.34 688,550 + 802,550
brokers. He later entered the grain business in partnership
with Gen. John Gill (President of the M ercantile Trust &
a On $100,000 preferred stock.
b N ot including 50% stock dividend.
D eposit Com pany of B a ltim ore), the firm name being Gill &
The foregoing indicates|that o ffth e fth ir ty -tw o m ills, all Fisher. He also served as President of the B oard of Trade
bu t tw o have paid out m ore than a year ago, and that in a
n u m b er)of instances the increases have been very h eavy. from 1885 to 1889. Mr. R ed w ood was a m em ber of the Bal­
It is also to be noted that the 5 0 % stock dividend of the tim ore Stock E xchange firm of L ow ndes & R ed w ood . He
K ing Philip M ills,is n ot included in the statem ent. W ith had been a m em ber o f the E xchange for over fifteen years,
that item included the average rate o f distribution w ould be and was one o f the mem bers o f its G overning Com m ittee.
greater thandn any year since 1890. T o furnish a m ore co m ­
prehensive com parison, we append the dividend record He was forty-three years of age. Mr. Spencer, in addition to
being identified with m any railroad interests, was a director
back tojl886.Jj-j-.--J
-Companies----- —
—
---------Dividendso f the follow ing financial institutions in this city: The H an­
Amount.
P . C.
Number.
Capital.
Years.
6.83 over National Bank, Trust C om pany of A m erica, Standard
$1,491,100
32
$21,825,000
______ ____
1906
3.34
32
20,625,000
688,550
1905 ________ ____
3.56 Trust Com pany and the new Carnegie Trust C om pany.
764,950
1904 . . . . . . _
32
21,505,000
1903
1902
1901
1900
1899
1898
1897
1896
1895
1894
1893
1892
1891
1890
1889
1888
1887
1886

32
35
35
35
34
34
37
37
36
35
35
34
33
33
33
33
33
33

_______
______ ____
________ ____
._
...
________ . . .
____
. ____
_______ ____
______ ____
______
_______ . . .
____ ____
________
________ ____
_____ __ ____
. _____ __ _
_______
... ..
________ ____

21,505,000
21,411,000
21,061,000
20.95S.500
20,058,500
19,408,000
22,793.000
22,628,000
21,828,000
21,478,000
21,278,000
19,858,000
18,558,000
18,658,000
18,558,000
17,608,000
17,204,700
16,116,200

1,217,275
1,368,400
1,164,095
1,855.450
1,201,327
467,700
772,700
1,385,675
1,772,925
1,128,000
1,706,310
1,492,260
914,850
1,420,870
1,850,700
1,696,040
1,427,990
1,047,550

5.66
6.47
5.53
8.85
5.99
2.41
3.39
6.12
8.12
5.25
8.02
7.52
4.93
7.62
9.97
9.63
8.30
6.50

As showing theTrelation this y ea r’s dividends in the case
of individual mills bear to those for a series o f years, we have
prepared the follow in g, w hich em braces seventeen of the
leading corporations. The intention is to com pare this y e a r’s
ratio with they average rate per cent for the previous ten
years:
1906
Amer. Linen C o .. 6
Border C’y M. Co. 9%
Chace Mills. — 6
Granite Mills------- 8%
King Philip Mills. 6
Laurel Lake Mills. 11
Mechanics’ Mills.. 4
Merchants’ M. Co. 4
Narragans. Mills.. 8
Osborn Mills------- 4
R. Borden M Co. 6%
Sagamore M. C o .. 20
Stafford Mills----- 4
Teeumseh Mills— 6
Troy C.&W.M.Co. 20
Un. Cot. Mfg. Co. 18%
Wampan'g Mills.. 2

1905
3
3%
4%
4%
6
5%
1
2
5
2
5%
4%
1
6
8%
6
—

1904
5%
3%
3
6
6
5%
3
2
4
3
5%
4

1903
7%
6
6
8
6
7%
4
4
6
4
6
4%
4
5% 6
10 16
4% 6
2
3

1902
8
6
6
8
16
6
4%
4
6
4
6
7%
4
6
22
6
4

1901
5
6%
6
7%
6
4%
5
4
5%
3%
6%
6
3
5
17
6%
2%

1900
6%
8
6
8
6
6
6
6
8
8%
9
9
8
7%
27
25
7

1899 1898 1897
1
4% 1
6
4
4
_ 3%
6
2
6
1
7% 4% 6
3H
3
5
2
1
5
1
5
5
4
7% 3
3
5% _ 1
14
4
6
5
4
IS
15
11
6%
8% 6
6
1
3

Av. 10
Years.
1896 ’96-’05
2%
4.45
5.45
7
4.75
6%
5.80
7
7.00
6
4.42
5%
7
3.85
6
3.10
5.20
6%.
4.10
7
5.70
5
5
4.70
5.20
8
5.15
6%
25
16.95
9
8.40
7
3.55

It will be observed that in m ost instances the average
rate o f distribution this year is ab ove the average for the
previous ten years.

ITEMS ABOUT BANKS, BANKERS AND TRUST GO’S.
— The public sales of ban k stocks this w eek aggregate 2,732
shares, of which 2,500 shares were sold at the Stock E x ­
change and 232 shares at auction.
The transactions in
trust com pan 3r stocks were lim ited to a sale of 60 shares of
stock of the B rooklyn Trust Co. at 410. The auction sale
included a large lo t, 150 shares, o f National Park Bank
stock , which was sold at 455 to 4 5 5 % .

— The organization of the Carnegie Trust C om pany of
this city has been com pleted. The com p an y is to begin busi­
ness next m onth in tem porary quarters at 146 B roadw ay.
Its affairs will be directed b y Charles C. D ickinson, Presi­
dent; Frank L . Grant, Vice-President; J. R oss Curran, V icePresident and Treasurer; Fred M. Parker, Secretary, and
Lawrence A . R am age, Trust Officer. The b oard of directors
is com posed o f the follow ing: George A rents, director of
the A m erican T ob a cco C om pany; R o b e rt B . A rm strong,
President o f the Casualty C om pany of A m erica; H . Carroll
B row n, H . C. Brown & C o., bankers, New Y ork and B alti­
m ore; J. R oss Curran; A . B. Chandler, Chairman B oard of
D irectors o f the Postal Telegraph Co.; Chas. C. D ickinson;
Frederick H . E aton , President Am erican Car & F oundry
Com pany; M. B. Fuller, President International Salt Com­
p a n y, New Y ork ; Frank L. Grant; Francis H am ilton, at­
torn ey; Arthur P. Heinze; J. W . H arrim an, H arrim an & C o.,
bankers; W illiam A . K eener, K eener, Lewis & L ayng;
J. D . L ayng, V ice-P resident C. C. C. & St. L . R ailw ay Co.;
A lton B. Parker, late Chief Justice Court o f A ppeals, New
Y ork ; J. G. R o b in , President W ashington Savings Bank;
Col. Jacob R u ppert J r., V ice-P resident B rewers’ B oard of
Trade; Charles M. Schw ab, President Bethlehem Steel Cor­
poration; Samuel Spencer, President Southern R ailw ay
Com pany; H enry L. Sprague, Stetson, Jennings & Russell;
Edgar Van E tten , V ice-President New Y o rk Central R ail­
w a y, and H orace G. Y ou n g , President First National Bank,
A lban y, and A lban y Trust C om pany. The permanent
quarters o f the institution will be in the T rinity-U nited States
R ealty Buildings, 111-115 B roadw ay, when com pleted next
M ay. As p re v io u s^ announced in these colum ns, the com ­
pany has a capital o f $1,000,000 and surplus o f $500,000.
— A t a meeting of the directors of the M erchants’ National
Bank of this city on W edn esday, W illiam A . T aylor, of
T aylor, W endell & C o., was elected to the directorate to
succeed the late Orris K . E ldredge.
— E . T. M attox, the well known representative of the Bank
of North A m erica, Philadelphia, has resigned from service

D

e c

. 1 1 9 0 6 .]

THE CHRONICLE.

1325

with that institution to resume association with the Lincoln Frederick Sylvester, Charles P. Sherman, Everett H . Brown,
Trust Com pany, Madison Square, New Y ork , with which S. Wilson H eaton, Joseph Savage, William G. Foulke,
he became connected some years ago upon leaving the George D. Porter, Alfred W hitehead, William II. Carpenter
National Park Bank of New Y ork. The Lincoln Trust and William E. Chapman.
has S I,000,000 capital, S I,000,000 surplus, large undivided
— The capital of the Second National Bank o f Wilkesprofits, and deposits approxim ating $21,000,000, while its Barre, P a., has been increased from $450,000 to $500,000.
clientele numbers between 6,000 and 7,000 and is rapidly The new stock, authorized by the stockholders O ctober 16,
increasing.
was paid for November 1 at the rate of $350 per $100 share,
— E lliott W ilton Lyon was elected Assistant Secretary of thus realizing for the bank its $50,000 increased capital
the Hom e Trust Company of New Y ork (Brooklyn Borough) and $125,000 increased surplus. Abram Nesbitt is Presi­
at a meeting of the directors on Novem ber 21. The com ­ dent of the institution and E. W . Mulligan Cashier.
pany announces that it expects to occu py its new Manhattan
— Arrangements were this week concluded for the merger
offices in the Evening Post Building, now being erected at of the Home Trust Company of Pittsburgh with the Guar­
20 Yesey Street, during the m onth of April 1907. The antee Title & Trust Company o f that city , and on Tuesday
number of directors of the institution will be increased to the first named ceased operations as a separate institution,
th irty, provision for six additional members having been becom ing a part of the Guarantee. No cash, it is stated,
made last spring.
is involved in the transaction, nor will there be any increase
— The Jenkins Trust Company of Brooklyn, which began in the capital ($1,000,000) of the Guarantee. A ccording to
business in July 1905, declared its first dividend this week, the Pittsburgh papers, the stockholders of the Hom e Trust
are to receive the equivalent o f $142 per share in stocks (pur­
being a quarterly dividend of 1 }4 % , payable Dec. 4.
chased from the Guarantee’s own shareholders) of the
— George Ellwanger, Yice-President of the Rochester
Guarantee Title & Trust and
the
Bank of Pitts­
Trust & Safe Deposit Company of Rochester, N. Y ., died on
burgh, N. A . The stock of the latter
was acquired
Monday last at the age of ninety years.
b y the Guarantee in January 1904 through the ] merger
— The Atlantic National Bank o f Providence, R . I ., of
the
Iron City National
Bank (owned [b y the
announces that “ in response to a general want, and in keep­ Guarantee) with the Bank of Pittsburgh. The present
ing with modern banking methods in other cities,” it will merger adds nearly two million dollars to the deposits of the
keep open on Saturday nights from 7 to 10 o ’clock for the Guarantee, making the amount $5,500,000. The transac­
purpose of receiving deposits. The m ovem ent was inaugu­ tion also includes the building of the Hom e Trust, purchased
rated on Saturday last.
b y it for nearly $700,000. The Hom e Trust Company,
— The Union Trust Company of Springfield, Mass., has capital $500,000, began business three years ago, in June
accepted plans for a building to be devoted solely to its own 1903. Its directors, numbering fourteen, are to becom e
use, soon to be erected at Main Street and Townsley Avenue. members of the board of the Guarantee. R obert J. D avid­
The property was purchased from the Second National son, Vice-President and Treasurer of the absorbed institu­
Bank, one of the institutions merged -with the trust corn- tion, will hold a similar office with the Guarantee, succeeding
pan}’ . The site covers an area of 52.12 feet on Main Street, Frank T. Phillips, who retires January 1.
142 feet on Townsley Avenue and 50.75 feet on Market Street.
— The purchase of a large plot of ground, wfith a view to
The main banking room will be 30 feet high from floor to erecting a [costly bank building, was effected b y the Union
floor, with an arched ceiling rising 13 feet more above the Trust Company of Pittsburgh last week. The property is
level of the second floor. On the second floor, above the located at W ood and Diamond streets. One portion, 120x
mezzanine gallery, provision has been made for five com ­ 120 feet, was acquired from H . C. Frick, and the adjoining
mittee rooms and a directors’ room , the latter occupying lo t ,120x120 feet, from the Colonial Trust Company. It is
the entire width of the east end of the structure. The ex­ asjjyet uncertain as to whether^ the site will be im proved
terior of the building will be graced -with an arch 21 feet wide with a one-story or thirty-story building. It is expected
and 44 feet high, flanked b y heavy piers on either side and that a determination will soon be reached and that work will
surmounted b y an elaborately carved cornice. Although be_(started on the structure next spring. W ith its com ­
the com pany will have a new building, it has decided to pletion the present home of the Union Trust on Fourth A ve­
permanently continue its present quarters at Main and nue will be disposed of. y • •
W orthington streets for the accom m odation of its patrons
— William T . Vinton, owing to ill health, has resigned as
in that section.
5
Cashier of the Dollar Deposit Bank of Johnstown, Pa.
— The Federal Trust Company of Philadelphia, organized
— The^Union National Bank of Zanesville, Ohio, capital
some months ago with a capital of $200,000, comm enced
S150,000, was merged into the First National Bank of Zanes­
business on November 5 at Broad and Federal streets. The
ville on November 9, the latter having previously secured
stock of the new institution (par $100) has been sold at $125,
control of the absorbed bank. The merger was ratified by
giving a surplus of S50,000. The officers are Oliver P. W al­
the stockholders of the respective banks on Novem ber 8,
dron, President; James W alker, Vice-President; Wilson T.
■when the Uniom National was placed in voluntary liquida­
Berger, Secretary and Treasurer, and Edgar K . Bleloch,
tion. The?First National has increased its capital stock
Title and Trust officer.
from $200,000 to $300,000. Its latest statement (N ovem ­
— Indictm ents charging perjury and embezzlement were ber 12) shows surplus and profits of $379,632, deposits of
this week returned by the Grand Jury at Philadelphia $2,524,231 and total resources of $3,551,064. The officers
against W illiam F. North and Marshall S. Collingwood, are C. Stolzenbach, President; George H . Stewart, Vicerespectively ex-Treasurer and ex-Assistant Treasurer of the President; W . P. Sharer, Cashier, and J. B. Larzelere,
Real Estate Trust Company of Philadelphia.
Assistant Cashier.
— A new Philadelphia financial institution is being formed
•— The people’s Savings Bank Co. of Zanesville, Ohio, it
under the name of the Mutual Trust Company. The m ove­ is reported, has increased its capital from $50,000 to $100,000.
ment is being developed by C. R . K och , James H ancock,
— M. B. Staley has replaced E . B. Reynolds as ViceJoseph D. Neal, Watson W . W alton, E. L. Rogers, S. C.
President of the First National Bank of South Bend, Ind.
W oolm an, W . J. K och and Charles Schaal. The com pany’s
— Tjie Michigan Savings Bank of Detroit has becom e affili­
quarters will be in the Bourse.
ated with the^First National and Commercial National banks
— Application has been made for a charter for the Mortgage of,_Detroit, through the purchase of a m ajority of its stock
Guarantee & Trust Company of Philadelphia. The building by interests identified with the two national institutions.
form erly occupied by the defunct City Trust, Safe Deposit It is said that the present officers will remain in charge of
& Surety Company at 927-929 Chestnut Street was recently the savings bank, the only change to be made being in its
purchased at public sale for $315,000 in the interest of the directorate'at the annual meeting in January. Its President,
new organization. The latter will have a capital of $1,000,- George Peck, in a circular announcing the alliance,stated
000. In addition to a general trust business it will engage that through the arrangement the bank will broaden its
in the insurance of titles and will guarantee the integrity of sphere and add to and strengthen its facilities for its increas­
mortgages. The incorporators are W harton E. Harris, ing business. The Michigan Savings Bank has a capital

THE CHRONICLE.

1326

of $250,000, surplus and profits o f $150,000 and deposits of
tw o and a half million dollars.
— The new N orth Avenue State B ank of Chicago, for which
a charter was secured last M ay, is to begin business on D ec. 8.
The institution has a capital o f $200,000 and a surplus of
$50,000. L . C. R ose is President, A . W . U nderw ood V icePresident and C. E . Schick Cashier. Messrs. R ose and Un­
derw ood are Vice-Presidents o f the Colonial Trust & Savings
Bank o f Chicago.
— The Mississippi Valley Trust Com pany o f St. Louis,
M o., has added over a m illion dollars to its item of deposits
during the year, the am ount having increased Jrom $16,997,225 on N ovem ber 9 1905 to $18,167,742 on N ovem ber 12
1906. The undivided profits now at $2,247,315 show an
increase o f $200,000, after the paym ent o f dividends am ou n t­
ing to $480,000, m aking total net earnings J ot the tw elve
m onths of $680,000. The present aggregate resources are
$27,019,635, com paring w ith $25,646,424 on N ovem ber 9
last year. The latest statem ent shows cash and exchange
in vaults of $2,168,688, and $4,032,339 with other trust
com panies and banks, m aking a tota l o f $6,201,027, against
its deposits o f $18,167,742, o f which b u t $10,703,826 are
payable on dem and.
iO
— The State N ational Bank
its semi-annual d ividen d o f
dividend o f 4 % , b oth payable
a capital o f $2,000,000 and
$850,000.

o f St. L ouis, M o., in
4 % , also declared
N ovem ber 30. The
surplus and profits

declaring
an extra
bank has
o f abou t

— The stockholders of the T itle Guaranty T rust Com pany
of St. Louis at a meeting on the 21st u lt. authorized an
am endm ent to the articles o f association enlarging the com ­
p a n y ’s pow ers. Similar action was taken b y the stockholders
last Ju ly, bu t the adop tion o f the am endm ent, it is reported,
was declared v oid b y the Secretary o f State because o f the
fa ct th at a stock h older, instead o f a director, presided at the
m eeting. Under the am ended articles, the com p an y is per­
m itted to con d u ct a regular trust com pan y business, and a
m eeting o f the directors will be held on the 5th inst to
decide w hat particular features will be taken up.
— In the declaration o f a quarterly dividend of 3 % , the
Bank o f N ova S cotia, at. H alifax, has increased the yearly
rate from 11 to 1 2 % .

^jorMpetargg

[V

ol.

L ra m .

French investors and operators, m oreover, ju stly point out
that France is the on ly great centre in the world in which
there is abundance o f loanable capital, in which rates are
easy, in w hich there is no apparent danger of stringency,
and in w h ich , therefore, there is ample op p ortu n ity for longcontinued activity.
The new courage of French operators and investors has
strengthened the London Stock E xchange and unless som e­
thing unforeseen happens, it is probable th at, in the im m edi­
ate future, at all events, there will be more activity in our
stock markets than has been witnessed for a long tim e p a st.
In Germ any, on the other hand, the fear o f a 7 % rate still
hangs over the Bourse; speculation is greatly checked; and
investm ent is on a small scale. In fa ct, the Berlin Bourse
at the present tim e follow s docilely in the footsteps of New
Y ork and London.
The 6 % Bank rate is still fully effective and it is beginning
to tell, inasmuch as all the gold reaching L ondon is now going
into the Bank of E ngland, the reserve of w hich is steadily
rising. It now am ounts to a little over £20,000,000 sterling.
The hope is strong, to o , that it will n ot be necessary to put
up the rate to 7 % , although there are still m any doubters
on that point. In the first place, the Bank of France has
intim ated that it is willing to supply gold for E gyp t to the
extent of a million sterling. Up to the present only about
£200,000 has been taken in gold for E gy p t from the Bank of
France because the exchange is unfavorable to shipments to
E gy p t. The best opinion, how ever, is that the E gyptian
dem and is n ot yet quite satisfied and that therefore m ore
gold will be taken from Paris. E v e r y b o d y , h ow ever, is
agreed that no m ore gold will be taken from L ondon for
E gy p t. The fear that the Indian Governm ent m ight require
m uch gold has nearly died ou t. So, also, has the fear that
R ussia will take the m etal. There rem ain, therefore, only
the demands for Argentina, Brazil and New Y ork to be
considered. R especting New Y o rk , the belief in London is
that no more gold will be taken from the Bank of England,
and hence that the new gold com ing to L ondon will suffice
to satisfy all the dem ands o f South A m erica. W hat those
dem ands will be it is im possible y et to foresee. All that is
certain is that Argentina will have it in her power to take
gold if she pleases. But whether it will require the m etal is
yet uncertain. R especting Brazil, there is, as we w rite, no
announcem ent that the bill for fixing the value o f the milreis
has passed. Until its passage n o b o d y w ould think of sending
gold; and, even if it does pass, whether gold will b e sent
soon will depend largely upon the date on w hich the new A ct
com es into force.
The India Council offered for tender on W ednesday 40 lacs
o f drafts and the applications exceeded 302 lacs at prices
ranging from Is. 4 l-3 2 d . to Is. 4 3-32d. per rupee. A pp li­
cants for bills at Is. 4 l-1 6 d . and for telegraphic transfers at
Is. 4 3-32d. per rupee were allotted abou t 13% o f the
am ounts applied for.
The follow ing return shows the position of the Bank of
E ngland, the Bank rate of discount the price o f consols, & c ..
com pared with the last four years:

(F rom our owe C orrespondent.)

London, Saturday, November 16 1906.
Since the m iddle o f the week a very m uch im proved feeling
has sprung up here. It was fou n d at the fortn igh tly settle­
m ent w hich ended on W ednesday that investm ent upon a
scale m uch larger than anything that had been known for
a long tim e past had been going on during the preceding
fortnight. The investm ent was largely in British railway
stock s, and this portion o f it was m ainly on accou nt o j
small investors scattered over all parts o f the U nited K in g­
d om . There was, also, a large investm ent in South Am erican
securities, in copper shares and in diam ond shares. A
poi'tion of this, likewise, was on British a ccou n t, b u t the
larger part was on French accou nt. The bu yin g had n ot
been noticed during the fortnight, bu t when delivery to o k
place and it was ascertained th at the stock was really bou gh t
for investm ent, a change to o k place in the Stock E xchange,
and m any of the bears began to cover. Since W ednesday
the bu yin g has continued. E specially. French bu yin g has
been very m arked and active.
In France, a striking change has taken place in respect to
the pu blic estim ation of the new Cabinet. W hile M. Clemenceau was actually form ing his m inistry there was a rather
pessimist feeling. It was feared, in the first place, that he
was to o strongly British and too m arkedly anti-Germ an,
and th at, therefore, he m ight fall into the same mistake as
M. Delcasse. M oreover, M. Clemenceau is an exceedingly
strong and able m an and hitherto had been rigid in his
opinions. Therefore, it was feared that he w ould be too
anti-clerical. Since the form ation of his Ministry he, his
Minister for Public W orship and his Minister for L abor have
all spoken and have m ade m ost favorable im pressions, the
tw o form er b y the very m oderate p olicy they announced
regarding the Church, the latter b y the strong com m on sense
w hich marked his utterances regarding labor and socialism .
In consequence o f th is, a more hopeful view o f the im m ediate
future is taken and business upon the Bourse lias decidedly
im proved. Since Thursday m orning, to o , another influence
has acted favorably upon the B ourse. The speech o f Prince
Bulow, w hich is severely criticised in Germ any and in A us­
tria, in France has made a very favorable im pression, and
thus the hopeful feeling on the Bourse has been strengthened.

Circulation_______
Public deposits___
j
.
Reserve,notes&coin
Com&bull.,both depi
Prop, reserve to lia­
bilities_____ p. c.
Bank rate____ p. c.
Consols, 2 Y P- c __

1906.
Nov. 14.
£
28,225.440
9,314,803
40,357,129
15,458,663
32.096,425
20,023.929
29,799,369

1905.
Nov. 15.
£
28,585,725
12,649,765
40,681,403
17,039,131
31.772,007
22,410,279
32,546,004

1902.
1904.
1903.
Nov. 19.
Nov. 18.
Nov. 16.
£
£
£
27.6S6.270 28,242.260 28,746,78."
10.729.762
7,173,774
6.929,247
39,439,155 37.544,901 38,233.033
15,610,005 16,141.556 17,512,457
24.706,825 23,935.989 26,S96,4S8
24,185,954 22,254,412 22,490,337
.33,402,224 32,048,672 83,062.122

45 Vi
41 15-16
49 15-16
40 H
51M
4
6
4
3
4
62 13-16
S6 5-16
8S 13-16
SS 11-16
88 3-16
22 ll-16d
27 Kd,
32 15-16d.
29 Md. 26 13-16d.
251,031,000 260,S40.000 241,533.000 194.705,099 194,936,000

The rates for m oney have been as follow s:
Nov. 16.
Nov. 9.
Bank of England rate--------6
6
Open Market rale—
Bank bills— 3 months----6
5J4 @6
— 4 months___ o Y @5 15-16
5U
— 6 months----- 5Y @o'A
5Y @5M
Trade bills— 3 months.. . .
6Y
6 ® 6Y
6 @614
— 4 months----6Y
Interest allowed for deposits—
By joint-stock banks------4
4
By discount houses:
A t call____________
411
4H
7 to 14 days---------------------4Y
4Y

Nov. 2.
6

Oct. 26.
6

5 Y @6
5h
5Y
6 @61£
6

SK
5/4
5M @5k6 @61.5
6@ 6H
4

4
4H
4Y

4Y
4J4

The Bank rates o f discount and open market rates at the
chief Continental cities have been as follow s:
Nov. 17.
Nov. 10.
Rates of
Bank
Open Bank Open
Interest at—
Rate. Market. Rate. Market.
P a ris______________
3
3
3
3
Berlin______________
6
5%
6
bY
Hamburg___________ 6
5%
6
5H
5 9-16
6
o fi
Frankfort__________ 6
Amsterdam ________ 5
4 15-16
5
4 15-16
Brussels ___________ 4 Y
4H
4Y
4Y
Vienna ____________
4Vi 4 7-16
4 Y 4 7-16
St. Petersburg______ 7Y nom.
TY nom.
M a d rid ..,__________ 4Y
4
4Y
4
6 0
Copenhagen________ 6 6

Nov. 3Oct. 27.
Bank Open Bank
Open
Rate. Market.Sate Market.
3
3
3
6
5M
6
5
6
514
a
5
6
5 3-16
6
5Y
5
4J4
5
4% •
414
414
4J-<
4
4 Y 4 7-16
4Y
4Y
7Y nora.
714 nom.
4Y
4
4Y
4
6 6
6
6

Messrs. P ixley & Abell write as follow s under date of
N ovem ber 15:
GOLD.— The Bank of England continues to receive the bulk of the arrivals, and
out of a total of £599.000 bought during the week, £543,000 is in bars and £51,000
from the Continent in C. S. sold coin. The only withdrawal is £10.990 Cor Gibrai tar. £375,000 is due from Cape Town per "Briton" on Monday next, Arrivals—
Cape, £622,000; West Indies, £24,000: Brazil, £14,000: Straits, £3,000; total, £663 000. Shipments—Bombay. £105,250; Rangoon, £2.500: Madras, £r,<»90 total,
£115,250.

O m

SILVER —The cash quotation touched 33d. on the 15th Inst, and has since fallen
I-lGd. to 32 15-1 fid. Though the U. S. Government has ceased tts purchases
America is still only a moderate seller, and the market closes steady. There have
been good orders from the Indian Bazaars during the week, though to-day we have
received no inquiries from that quarter. Forward has been quoted l-IGd. to 3-lGd.
inder spot The Indian price is Rs. S3% per 100 Tolahs. Vrrivals— New York.
£134.000; West Indies,£8,000: total.£ 142.000. Shipments— Bombay. £354.900
MEXICAN DOLLARS.— There is no business to report in these coin. Arrival*—
New Y ork,£48.000.

of our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived. In the new
form the statement indicates all the dividends announced
for the future by all large or important corporations.
Dividends announced this week are printed in italics.

The quotations for bullion are reported as follows:
GOLD.

N ov. 15.
5 . d.

London Standard.

Bar gold, tine, 0 3 ____ V. S. gold oe_______ .
< erman gold coin. 0 / . French gold coin, 0 7 . ' ;i >5 ' \ on. oz
.

77
76
76
76
76

NOV. S.
SILVER.
N ov. 15.
d.
London Standard.
a.
11 9
Bar silver, tine. o z . . .32 15-16

9
4
4
4
4

76
76
76
76

4
4
4
4

" 2 mo. delivery, oz
Cake silver, oz_____ .35 9-16
Mexican dollars-___ . nom.

N ov. 8
d.

32 U
s
32 3-16
35%
nom.

The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
IMPORTS.
1906-07.
1905-06.
Imports of wheat, ewi
.
...17.751,400 IS.932.S00
Barley ____
7.312.700
7,345.500
ats .
. ..
- - ............ -.2.7 17,7 00
2.834.900
______
595,330
641,665
Beans--------------------------------------355,250
276,040
an........ ............
.11,046,700 10,605.000
Flour
........ ................. ......... .
3,388,900
3,115,200
Eleven w e d s .

1904-05.
24.760,800
7,436,800
2.807.600
519.419
434,131
11,113,900
2.456.600

1903-04.
20,930,709
10.471.741
3,123,127
664.309
690,228
13,665,178
5,071.423

Supplies available for consumption (exclusive of stock on
September 1):
1906-07.
-.17,751,400
3,388,900
— 7.227,557

1905-06.
1S.932.S00
3,115,200
9,422,436

1904-05.
24.760.800
2,456,600
4,120.227

1903-04.
20.930.709
5.074.423
4.542.118

Total r_________ _____ _______2S.367.S57 31,470,436
Average price wheat, w e e k ._____
26s. 6d.
28s. 3d.
Average price, season.- ........ ........ 26s. 4d.
27s. 4d.

31,337,627
30s. 3d.
30s. 2d.

40.547,250
26s. 6d.
27s. 2d.

Wheat imported. cwt_
Imports of flour_____
Sales of home-grown, _

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.

Wheat ------------------..q r s . 1,704,000
Flour, equal to______________ qrs. 211,000
Maize
--------qrs.
875,000

Last week.

1,759,000
256,000
795,000

1905-06.
1,645.000
240,000
605,000

1904-05.
2,865,000
165.000
1.080,000

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:
Jjm don.
Wet k ending N o r. 30.

Sat.

M on.

Tiles.

W ed.

Silver, per oz____________ d 32 7- 16 32 5-16 32
32%
< onsols. new, 2% per cents. - s m
86 5-16 86%
86%
For account___ _____ ____ . S6%
S6 11-16 86 11- 16 86 9-16
rench Rentes (in P a r.l-.fr. 96.10
95.90
95.85
95.77%
Russian Imperial 4s. _____ 77
77
77%
78
Amalgamated Copper Co___ 116 %
115%
115%
0 Anaconda Mining Co. _ .
14 %
14%
14%
14%
A teh ison Topeka, <- Santa Fe 104)*
1
104%
105
106%
Preferred
____________ 105
104%
105
105%
Baltimore & Ohio. .......... .123
122%
122%
122%
Perferred ----------- --------- 95
95
95
95
Canadian PaeiP''___________ 187)-.
188%
186%
187%
Chesapeake & Ohio . 0(
56%
57
56%
Chi cago Great . . . i tern - _ _ is%
19
19
19
Chicago Mllw. & St. P a u l....190
187%
187%
189%
Denver & Rio Grande, co m .. 42
42
42%
44%
Preferred _ _ _
_______ ss
88
88
89
Erie, common .
__ . __ 46
45%
45%
46%
o
1st preferred - ____ _ _ 78 V
78%
78%
78%
2d preferred
70
69%
09%
70
Illinois Central
______ 181%
180%
181
181%
Louisville & Nashville_____ 151%
150
150
150%
Mexican Central _
___ 25
24%
24%
25%
Missouri Kons. & Tex. com. 42%
42%
45%
43%
P referred_ __
_
___ 76%
75%
77
76%
National R R .of Mexico__ __ 59%
59
59
59%
N •Y. General & Hudson. .. 135%
134
133
135
N. Y . Ont & Western______ 48%
50
48%
48%
Norfolk Western, com. . . 97 %
97%
97%
97%
P referred_
_
_______ _ 93
93
93
93
Northern P a cific ________ . _ 228
226
226%
a Pennsylvania___ . _ , _____ 71%
71%
71%
71%
a ReadtngCo___ •
_
____ 76
75%
75%
76%'
a Firs, preferred__
_ 46 %
_
46%
46%
46%
Second preferred_____ . 50
49%
50%
50%
Rock Island Co_____ ______ 32%
31%
31%
southern Pacific _ _______ 97%
96%
97%
97%
>0 ithemRy. common______ 35%
35%
35%
33
Preferred _____________ 97%
97%
97%
98
I nion Pacific, common_____ 193%
192%
193
193%
Preferred _____________ 95%
95%
95%
96
7 . S. Steel Corp., com ______ 49%
49
49%
48%
Preferred . . . . - ___ ___ 107%
107%
107%
107%
W abash ____ __ ________ 19%
20
20
19%
P re fe ire d ___ _ ________ 45
44
44
44
Debenture B'6__ ............ .. 83%
83%
82%
82%
a Prioe per share,

b £ sterling.

Thurs.

F r i.

32%
32
86 13-16 86 15-16
S6%
87 %
96.00
95.95
__
78%
116%
14%
14%
106%
106%
105%
105
122%
122%
95
188%
188%
57%
57%
19
19
188%
188
44%
44
S9
89
1_ .>
40%
78%
78
70
70
181%
181
150%
150%
25
43%
43%
76%
__
58%
136
136
49%
49%
97%
97%
93
93
230
_
_
70%
75 %
75%
_
_
46%
___
50%
_
_
33%
97%
97%
36
36%
97%
98 •
192%
193
95%
96
48%
49%
107%
107%
20
20
44
44%
82%
---

c For January account .

CotmrxerciaUuuI f^XisccILtucaus Ilcurs
Auction Sales.— Among other securities the following, not
■esrularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H . Muller & Son:
S to ck s.

32 Germ an-Am erican Fire Ins.
C o ---------------------- 510 % -515 %
50 G e r m a n Alliance Fire Ins.
O © ____________
0 Germania Tire In -

im i

THE CHRONICLE.

1 1906.

2 3 6 -2 4 3
C o ..
210

S to c k s .

50
100
100
25
50

Passaic X a t. Bank
- . .2 8 0
Am . T y p e F ound. Co. com . 41
......... 33
Union Ferry C o.
Nat. Bank of Com m erce .180 ),
A m er. E xch . Nat. B an k . .249?*

50 Nett. Park Bank ..........455-455 %
B on ds.
60 I Brooklyn Trust C o ............ 410
S I,000 U nited N. J. H R . 4s.
50 Unitea Bank N ote Co.
re g .. 1923_______ . . . 103),
prof __________$53% per sh. $3,000 John M atthews 25-year
■
5s. 1928 ....................... 92 %
5 V oodi&wn CenTy _ $ 147}< per sh .
V

D IV ID E N D S.
We have changed the method of making up our weekly
. s: of dividends. Heretofore our record has included only
r dividends ar Tr unced each week, but for the convenience

Name 0 / Company.
Railroads (Steam).
Ashland Coal W Iron, common (quar) _
Atculson Top.& Santa Fe, com. (No. 12)
Atlantic Coast Line, common ______
Atlantic Coast Line Co. (Conn.) (guar.).Boston & Lowell___________ _________
Boston & Maine, com. (quar.) (No. 165)
Buffalo & Susq., pref. (quar.) (No. 18)-Carthage Watertown & Sackett Harbor .. _
Chestnut Hill (quar.) - -- ------------ Chicago A: Eastern Illinois . pref. (guar.).
Cincinnati New Orl & Texas Pac., com . _
Preferred (quar.) . . . . ------- -----Cleve.
Pitts., ortg. guar, (quar.)----Special guar, (quar.).- — ----- —
Delaware £ Hudson Co. (guar.) . . . —
Delaware Lackawanna £ Western (extra)..
East Mahanoy
New Orl. & Northeastern, com. (annual)
New York Philadelphia & Norfolk-------Norfolk & Western, common__________
Phila., Germant’n & Norristown (quar.)
Pittsburgh Bessemer & Lake Erie, pref- St. Lawrence £ Adirondack - ____
St. Louis £ San Fran., 1st pref. (quar.)Street Railways.
American Railways, Philadelphia (quar.)
Chattanooga Railways, preferred (quar.)
Columbus (O.) Railway, common (quar.)
Grand Rapids R y., common (quar.)___
Kansas City Rv. & Light, prof, (quar.)..
Norfolk (Va.) Railway & L ig h t..____ _
Paducah (Ivy.) Traction & Light, pref..
Rochester ( N . Y .) Ry., com. (quar.)__ .
Rochester Ry. & Light., pref. (quar.)-.
Washington (D. C.) Ry. & Elect., pref.
Banks
Nineteenth Ward (quar.)___ ___ _____
Trust Companies
Jenkins (Brooklyn) (<
quar.)__ _ _____
Van Norden (quar.) .......... .......................
E x tr a ____________ _____ _ ____
_
Miscellaneous.
Adams Express-. - - . . ---------Extra_________________
___
Alabama Cons. Coal & Iron, pref.(quar.)
American Chicle, common (monthly)_
_
American Cotton Oil, common, _ ______
Preferred........ ............................. ........
American Express (quar.) _ _ . --------Amer. Graphoph., com. (quar.) (No. 36)
American Ice (old company), preferred.
American Ice Securities (quar.)_______
American Radiator, common (quar.)-Amer. Smelters Sec., pref. “ A ” (quar.),.
Preferred 4B " (quar.)
4
.... .........
Amer. Sugar Ref., com. £ pref. (quar,).
American Shipbuilding, common (quar )_
American Telegraph & Cable (quar.)___
American Tobacco, common (quar.)___
Common (extra)_ __ ............ .
American Writing Paper, preferred____
Associated Merchants, common (quar.).
Common, extra _ ________ _____ _ . _
Barney & Smith Car. common (quar.) - Preferred (quar.).............. ...........
Borden's Condensed Milk, pref. (quar,)..
Butte Coalition Mining (quar.)___ _____
ButterickCo. (qu ar.)._ ________ _ Calumet & Hecla Mining (quar.)_
. _
Central Leather, pref. (quar.)__________
City £ Suburban Homes____________
Cleve. & Sandusky Brew., com. (quar.)_
Preferred (quar.)____________
_ _
Clyde Steamship.
________
Consolidated Gas of N. Y . (quar.)______
Diamond Match (quar.)__
___
du Pont Tnternat. Powder, pref. (quar.).
Preferred. extra.__ ...... ...................
Eastman Kodak of N. J.. com. e x tra ,_
Eastman Kodak of N. J . , com. (guar.)_
_
Preferred (guar.)__
_ _ _ _______
Federal Mining & Smelting, com. (quar.)
Common (extra)_
_
, _ _ _______
Preferred (quar.)___________ _ _____
General Chemical, preferred (quar.),.
Great Lakes Towing, common________
Preferred (quar.).......... .
Great Northern Paper (q u a r.).,............
International Salt (qu ar.)______ _ .
International Paper, pref. (quar.).......... _
Intern.Smokeless P. & Ch., com. (quar.)
Common, e x t r a . _, ................ .
Kings Co. Electric Light & Power (quar.)
Knickerbocker Ice, preferred_______ ,_
Laclede Gas Light, common (quar.)___
Preferred.... ___
_ _ ____________
Massachusetts Gas Companies, common.
Preferred____ ______ _
........
National Biscuit, common (quar.)___ .
Nat. Enam. < Stamping, pref. (quar.)...
fc
National Lead common (quar.)_______
National Lead, preferred (quar.)............
XUes-BemetU-Pond. com. (special) ____
North American Co. (quar) (No. 16)-Philadelphia Electric.... ............. .............
Quincy Mining (qu ar.)-____ ___ _____
Quaker Oats, common (quar.)................
Common. ex f ra............ ................... _.
Railway Steel Spring, preferred (quar.).
Republic I. £ Steel, pref.(quar.) (No.23)
Preferred, extra___ __ ___ ______
Rubber Goods Mfg., pref. (quar.) (No.31)
Safety Car Healing & Lighting (quar.).

Per
Cent.

When
Payable.

Dec.
1
2% Dec.
Jan.
3
2% Dec.
Jan.
4
1% Jan.
Dec.
1
2 % Dee.
1% Dec.
1% Man.
2% Dec.
1% Dec.
1% Dec.
Dec.
1
Dec.
IK
Dec.
10
2% Dec.
Dec.
5
Dec.
5
2% Dec.
iDec.
3
0
Dec.
O
5
Dec.
Jan.
1
1% Dec.
1% Dec.
1% [Dec.
Dec.
1
1% Dec.
Dec.
1
Dec.
1
Dec.
1
1% Dec.
2% Dec.

Books Closed.
Days Inclusive.

20 Dec. 16
1 Nov. 9
10

10 Dec. 1
2 Holders of
1 Holders of
1 Holders of
31 Holders of
4 Holders of
2 Dec. 13
15iDec. 9
1 Nov. IS
1 Holders of
1 Holders of
15 Holders of
20 Dec. 6
15 Dec. 6
1 Oct. IS
1 Holders of
21 Holders of
4 Holders of
I Holders of
31 Holders of
2 Dec. 16

to
to

Dec, 20
Dec. 2

to
Dec. 9
rec. Nov. 24
rec. Dec. 1
rec. Nov. 17
rec. Dec. 22
reo. Nov. 20
to Dec. 16
to
Dec. 16
to
Nov. 30
rec. Nov. 10
rec. Nov. 10
rcc. Nov. 24
to
Dec. 19
to
to
Nov. 7
rec. Nov. 15a
rcc. Dec. 5
rec, Nov. 2
rec. Nov. 15
rec Dec. 22
to
Jan. 2

15 Nov. 29
to
Dec.
l Holders of rec. Nov.
1 Holders of rec. Nov.
1 Holders of rcc. Nov.
to
Dec.
1 Nov. 20
] Holders of rec. Nov.
1 Nov. 23
to
Dec.
1 Holders of rec, Nov.
1
Nov. 20.
1 Nov. 21
tx)
____

4
15
15
15
1
24
2
22

2%

Dec.

31 Dec. 21

1%

Dec.
Dec.
Dec.

4 Holders of rec. Nov. 28
31
31

Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Jan.
Dec.
Dec.
Jan.
Dec.
[Dec.
Dec.
Jan.
Dec.
Dec.
Dec.
Dec.
April
Dee.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Jan.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Jan.
Feb.
Dec.
Jan.
Jan.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Jan.
Feb.
IDec.
Jan.
Dec.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Dec.
Dec.
,Jan.
IJan.
Dec.
1
:Jan.
Jan.
Dec.
1
Dec.
Dec.
Dec.
IDee.
Dec.
Dec.
Dec.
Jan.

to
Nov. 30
1 Nov. 17
to
Nov. 30
1 Nov. 17
1 Nov. 10
to
Dec. 1
20 Dec. 15
to
Dec. 20
1 Nov. 16
to
Dec
6
to
Dec. 6
1 Nov. 16
2 Holders of rec, Dec. 15
15 Holders of rec. Dec. 1
15 Dec. 11
to
Dec. 16
2 Dec. 16
to
Jan. 2
31 Dec. 23
to
Dec. 31
to
Dec. 2
1 Nov. 24
1 Nov. 24
to
Dec. 2
2 Dec. 2
to
Jan. 2
1 Holders of rec. Nov. 17
1 Nov. 16
to
Dec, 2
1 Nov. 16
to
Dec. 2
1 Nov. 16
to
Dec. 2
lb Holders of rec. Mch.l£<z
1 Nov. 27
to
Dec. 2
1 Nov. 27
to
Dec. 2
15 Dec. 5
to
Dec. 16
1 Nov. 22
to
Dec* 2
15 Dec. 6
to
Dec. 16
to
Dec. 4
19 Nov. 15
1 Nov. 16
to
Dec. 2
18 Holders of rec. Nov 20
2 Holders of rec. Dec. 10
4 Holders of rec, Dec. 4
to
Dec. 16
15 Dec. 2
to
Dec. 16
15 Dec. 2
31 Dec. 16
to
Jan. 1
to
Dec. 16
15 Nov. 27
15 Holders of rec. Nov. 30
2 Holders of rec. Dec. 20
15 Holders of rec. Dec. 20
to
Nov. 15
1 Nov. 1
U
)
Dec. 16
1 Dec. 1
1 Dec. 1
to
Dec. 16
to
Dec. 9
15 Dec. 1
to
Dec, 9
15 Dec. 1
15 Dec. 1
to
Dec. 9
2 Dec. 23
to
Jan. 2
........ ..
to
15 Dec. 16
2 Dec. 16
to
to
Nov. 30
1 Nov. 27
] Nov. 16
to
Dec. 2
to
Jam. 1
1 Dec. 16
2 Holders of rec. Dec. 20
15 Holders of rec. Dee. 20
to
Nov. 30
1 Nov. 22
to
Jan. 2
3 Dec. 22
to
Dec. 16
15 Dec. 9
to
Dec. 16
15 Dec. 9
to
Nov. 30
1 Nov. 13
to
Nov. 30
1 Nov. 13
15 Dec. 29
to
Jan. 15
to
Jan. 1
1 Dec. 12
to
Jan. 1
1 Dec. 15
to
Dec. 16
15 Nov. 24
0 Dec.
1
to
Dec. 9
1 Holders of rec. Nov. 15a
13 Holders of rec. Nov. 23
to
Dec. 20
22 Dec. 8
15 Holders of rcc. Jan. 5
!5i Holders of rec. Jan. 5
20: Dec. 9
to
Dec. 20
0\ Dec. 13
to
Jan. 2
0 Dec. 13
to
Jan. 2
15 Holders of rcc. Dec. 8
22 1Holders of rec. Dec
8
22 Holders 0 } rcc. Dec. 8
15 Holders of reo. Nov. 21
1 Nov. 21
to
Dec. 2
to
l>ec. 3
lj Nov. 21
1 Nov. 11
to
Nov. 30
to
Nov. 30
1 Nov. 11
2 Holders of rcc. Dec. 10
15 Holders 0 / rec. Dec. ]
Dec. 21
to
Jan. 1
l1
to
Jan. l
31 j Dec. 9
l! Holders of rec. Doc. 10
1 Holden? of rec. Nov. 10

0

2
2
2
1%
1
2
3
3
1%
d9
m

1
1%
1%
1%
1
1%
2%
7%
1
1%
%
1
2
1%
40c.
1
$20
1%
2%
1
1%
4
1
2%
1%
1%
5
2%
1%
1%
1%
1%
2
1%
1%
1
1%
%
%
2
3
1%
2%
1
2
I
1%
1
1%
40 f
1%
2%
1%
%
1%
1%

2c

1%

0

4
Standard Oil (quar.)_____ _ __ ____ $10
Syracuse Lighting, common (quar.)___
%
Knlted Clear Mfrs.. pref. (quar.)
1%
D.8.Cast Iron P.&Kdy. .com .(qu.)(N o.5)
1
Preferred (nuar.) (No. 2 4 ) ...... ........
1%
/ nitrd Stairs Leather, vref. (quar.).
1%
ft. S. Smelt., Ref. tf- Min., prt/ . (quar.)
1% Jan.
V s. Red. ,S Ref., pref. (quar.) (No. 14)
c
1% Jan.
Dec.
U. S Steel Corp.. com. (nuar.) (No. 12).
% 1
Waltham Watch, common.................. .
1% IJan.
Preferred.......... ................. ..................
Dec.
3

to

Jan.

1

a Transfer books not closed. 5 April 1 1907. d Representing part of dividend
accumulations since April 1902. c On account of accumulated dividends
/S tock dividend.

THE CHRONICLE

132«

Statement of New York City Clearing-House Banks.—
The following statement shows the condition of the New
York City Clearing-House banks for the week ending Nov. 24.
It should be distinctly understood that as to all items
except capital and surplus the figures are the averages
of the daily results, not the totals at the end of the week.
In other words, in reporting loans and deposits and holdings
of specie and legal tenders, the practice is to take the aggre­
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
W e omit two ciphers (00) in all cases.
Banks

Capital.

Surplus.

Loans.

Specie.

00s omitted.
%
$
$
Bank of N. Y__
2,000,0 2,956,2
17,346,0
21,892,0
Manhattan Co.
2,050,0
2,863,7
Merchants’ ___
2,000,0
1,490,0
11,852,4
3,000,0 3,680,6
Mechanics'----18,993,0
4,083,8 21,372,9
America........ .
1,500,0
Phenix----------1,000,0
6,920,0
375,1
C ity--------------- 25,000,0 20,663,4 146,217,2
Chemical ____
300,0 7,914,6 24,645,6
485,4
600.0
Merchants’ Ex.
5,660,3
Gallatin 4 ___
8,450,9
1,000,0 2,353,2
Butch & Drov_
300,0
157,3
2,238,6
3S6.9
6,241,0
Mech.& Traders
700,0
Greenwich___
500,0
646,9
5,286,3
26,737,9
Amer. Exch__
5.000,0 4,607,3
Commerce____ 25,000,0 13,811,8 131,350,1
Mercantile___
3,000,0 4,711,9 20,734,0
P a cific____ __
500,0
772,7
3,121,7
1,018,2
450,0
Chatham_____
5,787,8
466,3
2,038,0
P eople's_____
200,0
North America.
2,000,0 2,197,8
16,138,4
Hanover_____
3,000,0 7,850,7 52,547,1
Irving_______
7,450,0
1,000,0
1,157,8
Citizens’ Cent-2,550,0
860,5
19,324,9
3,275,2
Nassau____ __
500,0
352,5
1,000,0
1,518,4
7,198,5
Market & Fult_
Metropolitan __ 2,000,0
809,2
11,016,6
Corn Exchange.
3,000,0 4,767,6 36,643,0
Oriental_____
750,0
1,202,9
10,136,7
Imp. & Traders’
1,500,0
7,030,9 24,559,7
P a rk ______ _
3,000,0 8,144,2 68,866,0
East River___
123,4
1,263,1
250,0
F ourth _______
3,000,0 3,083,1
18,296,0
Second______
300,0
1,777,8
9,916,0
First
____ 10,000,0 18,109,2 84,140,2
N. Y. Nat. Ex.
1,000,0
910,4
9,930,7
778,2
Bowerv _ _ - .
250,0
3,784,0
5,439,0
N. Y. County..
200,0
840,7
German-Amer _
603,8
4,150,6
750,0
Chase___ _____
1,000,0 6,137,0 46,469,0
Fifth Avenue, _
100,0
10,005,0
1,840.5
German Exch_ _
200,0
814,1
3,486,8
Germania____
200,0
936,5
4,719.6
Lincoln_______
300,0
1,670,4
11,781,5
Garfield_____
1,000,0
1,391,1
7.760,4
F ifth _________
456,6
3,007,6
250,0
Metropolis___
1,000,0
1,660,3
9,772,5
846,2
West Side____
4,140,0
200,0
Seaboard.. __
1,260.1
1,000,0
16,607,0
1st Nat., Bklyn
300,0
685,3
4,852,0
Liberty_______
1,000,0 2,224,9
10,241,5
N. Y. Prod. Ex.
1,000,0
571,4
5,975,4
New Amster__ . 1,000,0
280,9
5,963,6
Astor ________
350,0
727,7
4,904,0
State _________
100,0
12,821,0
1,542,3

Totals___

$
2,565,0
4,898,0
2,496,4
2,741,0
3,639,8
1,266,0
24,623,5
4,589.6
1,210,3
1,020,6
532,6
923,0
1,079,0
3,340,3
18,637,0
3,601,8
413,9
697,8
165,3
2,916,5
9,630,8
1,574,6
3,366,6
227,1
1,230,5
2,586,4
6,628,0
2,143,1
4,332,0
16,318,0
212,6
3,619,4
1,235,0
13,916,4
2,291,5
574,0
976,0
752,9
11,744,9
2,426,1
140,0
513,5
1,084,9
1,734,0
512,1
1,543,0
516,0
3,425,0
739,0
1,315,8
1,287,1
660,5
834,0
3,568,0

Legals. Deposits, a Re­
serve

New York City, Boston and Philadelphia Banks.— Below is
a summary of the weekly returns of the Clearing-House banks
of New York City, Boston and Philadelphia. The New York
figures do not include results for non-member banks:
W e omit two ciphers (00) in all these figures.
Banks.

Capital
and
Surplus.

a Total United States deposits included, $14,269,500.

Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Nov. 24 1906, based on average daily results.

Banks.

Capi­
tal.

Sur­
plus.

Specie.

Legals.

$
1062,333,2
1052,790,9
1045,498,2
1039,397,8
1043,468,3

New York
S
Oct. 27-. 274,326,8
Nov. 3-_ 274,326,8
Nov. 10-. 274,326,8
Nov. 17.. 274,326,8
Nov. 24__ 277,759.7
Boston.
Nov. 3_. 43,680,0
Nov. 10 - - 43,680,0
Nov. 37 .. 43,680,0
Nov. 24. _ 43,680,0
Phila.
Nov. 3-- 51,165,0
Nov. 10.. 51,165,0
Nov. 17_ _ 51,165,0
Nov. 24.- 51,165,0

S
194.349,6
187,652,2
181,803,4
183,906,4
185,016,2

S
69,998,6
69,353,6
66,371,1
67,085,4
68,878,5

Week.

Deposit with
Clear­
ing
Agent.

Other
N et
Batiks. Deposits
&c.

G reat B ritain
F ran ce
Germ an v
W e s t In dies
M exico

_

S
32,3
68.1
41.0
330,9
294,0
67,7
59,9
350,2
221,8
303,8
106,8
397,1
285,1
261,0
122,5
231,0
170,4
212,1
385,3
249,0
7,9
14,5

B orou gh __
200,0
150,0 2,668,8
Broadway __
150,0 408,5 2,732,1
Brooklyn__
300,0
164,0 1,958,7
Mfrs.’ Nat__
252,0 702,9 4,610,2
Mechanics’ _ 1.000,0 943,8 10,473,5
Nassau Nat..
750,0 894,6 6,509,0
Nat City__
300,0 638,0 3,326.0
North Side..
100,0 209,1 1,651,7
Union_____ 1,000,0 1,077,1 11,712,0

49,5
17,9
137,8
387,3
304.3
217,0
137,0
24,0
304,0

196,8
194,2
78,3
159,2
639,6
477,0
355,0
111,0
610,0

219,3
157,9 3,007,2
193,2
70,5 2,824,2
261,2
34,3 2,183,2
580,0 212.8 4,S86,1
1,003,1
177,1 12,166,2
745.0
5,895,0
380,0
96,0 3,666,0
61,8 227.2 1,831,9
896.0 1,009,0 13,000,0

Jersey City.
First Nat__
Hud. Co.Nat.
Third Nat__

400,0 1,163,2
250,0 703,6
200,0 331,5

4,242,2
2,603,8
1,922,0

180,5
99,8
60,6

323,5
SO,7
91,5

1,594,3
ISO,1
340,4

460,0
81,0
15,7

5,236,5
2.21S.4
2,066,5

Hoboken.
First Nat__
Second Nat_

110,0
125,0

2,329,8
1,464,5

160,3
61,8

25,6
33,8

222,3
75,9

96,0
75,6

2,176,9
1,563,6

S
43,5
60,8
56,0
469,8
457,0
405,0
66,6
442,4
133,6
328,7
273,3
104,5
295,4
127,0
103,7
233,0
142,9
724,8
184,4
514,0
118,2
68,7

%

6,4
97,6
215,6
3,8
434,0
65,7
236,4
173,2
57,8
60,8
333,3
91,1
122,0
29,9
69,0
15,0
WW -

S
699,9
1,238,2
1,209,8
4,804,7
6,297,0
4,633,3
954,3
6,298,7
5,586,9
4,179,0
3,124,3
3,543,8
4,039.8
4,167,5
1,951,0
2,955,0
2,188,9
7,580,1
3,702,4
4,269,0
1,380,4
416,5

Borough of
Brooklyn.

578.7
193,3

Tot. Nov. 24 11237.0 15257,3 131227,3 5,920,3 7,588,6 12,105,9 4,724,7 137942,2
Tot. Nov. 17 11237,0 14744,9 131729,0 5,689,1 7,624,5 13.082,6 4,635,8 139447,3
Tot. Nov. 10 11237,0 14744,9 131479,2 5,831,9 7,689,8 12,952,9 4.683,9 140252,4

T ota l 1906
T o ta l 1905
T ota l 1904

Since Jan. 1

W eek.

Since Jan. 1

$12,684
2,453
8,665
5,007

$59,347,687
14.72S.415
12,342,702
5,071,487
225.063
1,880,925
286,843

___- _ __

_____________
_____________

$1,850
5,731

S
14,1
34,5
52,2
108.2
344,0
653,7
16,4
180,1
271,1
8,9
127,9
21,5
19,7
289,0
19,4
36,0
66,8
425,5
34,4
663,0
309,1
83,0

Imports.

Exports.

All oth er countries

S
S
S
Wash. H’g’ts 100,0 168,8
891,8
Century ___
200,0
152,6 1,326,2
Chelsea Exch
100,0
98,8 1,018,2
Colonial___
100,0 405,4 4.113,9
Columbia__
300,0 436,7 5,866,0
Consol. Nat_ 1,000,0 1,122,4 7.294,9
F idelity___
200,0
148,4
997,0
14th Street-.
500,0
168,1 5,268,0
Hamilton__
200,0 225,7 5,119,5
Jefferson___
500,0 635,0 4,222,7
Mt. Morris.250,0
189,3 2,649,9
Mutual____
200,0 260,9 3,418,8
19th W ard-.
200,0 250,8 3,413,0
Plaza _____
100,0 318,3 3,875,0
Riverside__
100,0
108,5 1,803,1
12th W ard..
200,0 200,2 2,500,0
23rd W ard..
100,0
164,9 1.811,7
Union Exch_
750,0 789,3 7,740,2
Yorkville__
100,0 383,2 3,196,6
Coal & I.Nat.
500,0 550,9 4,530,0
34th St. Nat200,0 204,3 1,339,7
Batt. Pk.Nat.
200,0
116,5
626,8

$
2,066,619,6
1,973,259,5
1,760,139,3
2,196,881,1
2,190,736,2

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Gold.

N. Y. City.
Boroughs of
M an.& B r'x.

S
S
1034,698,1 46,724,6
1015,824,1 49,024,7
998,754,5150,544,4
994,480,5.51,357,2
997,965,1 52,265,4

Clearings.

The following table shows the exports and imports of
specie at the port of New York for the week ending Nov. 24
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
*

W e omit two ciphers (00) in all cases .
Legal
Tender
and
Specie.
Bank
Notes.

Deposits, a Circu­
lation.

Loans.

192,018,0 17,624,0 5,025,0 227,232,0 7,832,0 189,849,4
193,141,0 18,280,0 5,384,0 223,436,01 8,164,0 166,997,7
$
$
%
190,267,0 17,316,0 5,373,0 222,965,0 8,332.0 193,650,5
1,449,0
15,186,0 26.4
187,327,0 17,109,0 5,491,0 213,175,0 8,406,0 168,923,4
2,173,0 25,213,0 28.0
937,8
13,393,5 25.6
258,553,0 14.437,0 161,947,2
225,416,0
58,0
58,7<
18,070,0 26.1
1.979,0
255,316,0 14,456,0 132,844,4
224,471,0
57,720,0
2,032,5 22,353,8 25 3
256,708,0,14,487,0 163,125,1
223,417,0
57,125,8
136,0
5,797,0 24.1
256,286-0,14,482,0 158,068,0
221,584,0
59,097.0
8,418,2 124,171,2 26.7
1,727,3 23,473,3 26.9
5,951,7 26.7
378.9
a Including for Boston and Philadelphia the item “ due to other banks” and also
603.7
6,256,6 25.9 Government deposits. For Boston these Government deposits amounted on Nov. 24
79,8
2,426,9 25.2 to $3,559,000; on Nov. 17 to $3,578,000.
830,0
7,146,0 24.5
340,4
6,150,5 23.0
Imports and Exports for the Week.—-The following are the
18,704,7 23.4
1,050,1
25.2 imports at New York for the week ending Nov. 24; also totals
7,848,0 105,031,1
1,132,4
17,616,5 26.8 since the beginning of the first week in January:
420,5
3,641,3 22.9
FOREIGN IMPORTS AT NEW YORK.
871,4
5,819.3 26.9
578,5
2,656,8 28.0
1,225,6
15,635,7 26.4
F or week.
1904.
1903.
1905.
1906.
5,819,5 60,143,0 25.6
383,0
7,176,0 27.2 Dry Goods __ _____ ______
$2,307,294 $2,290,094
$3,252,218 $2,926,751
1,480,2
19,080,5 25.4 General Merchandise______
8,350,440
10,185.432
10,841,769
10,341,831
499,0
3,589,1 20.2
592,3
6,749,7 27.0
Total _ ________ ______ $13,437,650 $13,768,520 $12,649,125 $10,640,534
11,305,7 24.1
146,5
Since January 1.
3,981.0
41,839,0 25.3 Dry G o o d s__ ________ ____ $146,805,165 $127,322,819 $109,711,548 $116,878,304
466,7
9,973,3 26.1 General Merchandise______ 546,998,028 509,081,563 443,115,218 415,745,647
21,483,0 25.3
1,111,0
3,606,0
77.452,0 25.7
Total 47 weeks__________ $693,803,193 $636,404,382 $552,826,766 $532,623,951
182,0
1,561,9 25.2
1,887,0 20,507,5 26.8
N ote .—As we are now able to obtain the statistics of weekly imports for one week
9,750,0 24.9
1,194,0
1,733,5 65,311,5 23.9 later than heretofore, the totals for all years in the above table have been adjusted
311,7
9,996,5 26.0 so as to cover the same number of weeks as the exports.
265,0
4,192,0 20.0
The imports of dry goods for one week later will be found
487,6
5,777,3 25.3
187,6
3,975,9 23.6 in our report of the dry goods trade.
1,231,1
50,258,5 25.8
The following is a statement of the exports (exclusive of
516,0
11,085,7 26.5
785,0
4,283,6 21.5 specie) from the port of New York to foreign ports for the
5,676,2 21.9
729,9
1,624,8
11,922,4 22.7 week ending Nov. 24 and from Jan. 1 to date:
308,7
8,110,8 25.1
EXPORTS FROM NEW YORK FOR THE WEEK.
3,021,1 24.2
222,1
512,5
9,274,8 22.1
4,350,0 24.6
556,0
1904.
1906.
1905.
1903.
1,523,0
19,259,0 25.6
566,0
4,975,0 26.2 For the week______________ 816,131,282 $12,584,555 S8.298,020 $10,333,191
464,3
7,905,3 22.5 Previously reported------------ 549,454,841 485,825,409 440,394,921 454,490,390
419,4
6,870,9 24.8
490,0
6,483,0 17.7
Total 47 weeks__________ $565,586,123 $498,409,964 $448,692,941 $464,823,581
217,0
4,690,0 22,4
167,0
15,240,0 24.5

119,150,0 158,609,7 1043,468,3 185,016,2 68,878,5 997,965,1 25.4
a

Loans
and
Invest­
ments.

[ V o l . L x x x iir

-

- - - ____
______
_____
_ - _____

$684,028
1,130,576
4,122,581
34,350
S5.971.53o
38,347,047
95,660,698

$28,809 $93,883,122
32,261 16,031,386
8,631.452
32,285

S996.605 841,507,549
1.611,200
13,760
110,502
100,000
430
11,974
1,213

$704
131.376
6,327
35

$1,553
4,503
10
113,651
900,608
1,183,011
71,943

$997,S18 $43,355,415
837,703 32,356,416
916,922 34,373,436

$13S,442
16.112
159,133

$2,275,279
3,847.772
1,118,993

S7,5S1
82,500
3,669,002

Silver.
G rea t B ritain
F ran ce
G erm an v
W e s t In dies

______ ____
____ _ _
_. .
- ___________ - -

Sou th America.
A ll oth er co u n tries.

—

__ _
— -

T ota l 1906_______________________
T o ta l 1905_______________________
T o ta l 1904_______________________

Of the above imports for the week in 1906, $13,255
were American gold coin and $839 American silver coin.
Of the exports during the same time $6,850 were American
gold coin a n d ______ were American silver coin.

^anhiutjs and ffxuaucial.

Write for copy of our 12 page circular of C o m p a r a t i v e V a lu e s
o f R a i l r o a d B o n d s describing about 60 issues listed upon the
N. Y . Stock Exchange selling at less than par value, with high
and low range since January 1 1905

Spencer Trask & Co»_

Branch Office, Albany, N.Y.

W illiam and Pine Sts., New York.

Mo f f a t & W h i t e

M em bers N ew Y o r k S tock E x ch a n g e .
5 NASSAU STREET.
HANOVER BANK BUILDING

Dealers in Investment Securities.
C O M M 1 S S ON O R D E R S E X E JU TED F O R C A S H O N L Y

IBauIi^rs7 ©alette.
For Dividends see pane 1327.

Wall Street, Friday Night, Nov. 30 190(5.
The M oney M arket and Financial S itu ation .— No new
features or special characteristics have developed in the
security m arkets this w eek. There was the usual lack of
interest and falling off in the volum e o f business previous to
the m id-week holiday, from w hich there has been little if any
recover}' to-d a y . Perhaps operations in W all Street are
restricted or held in abeyance in anticipation of the con ­
vening of Congress and the President’s recom m endations to
th a t b od y .
The m ovem ents o f currency during the week indicate that
the bank statem ent to-m orrow will show a loss of reserve.
Notwithstanding this prospect and the im pending m on th ’s
end settlem ents, the call-loan rates have n ot ruled higher
than the recent average until near the close to -d a y ,w h en a
2 7 % rate was recorded. R ates for tim e loans, how ever,
have been abou t the highest o f the season.
The Bank o f England reports a som ew hat larger reserve,
w hich is accounted for in part b y shipments o f gold from
Paris.
Union P acific’s annual report attracted attention, and
considerable discussion follow ed its publication on Tues­
d ay .
The open market rates for call loans on the Stock E x ­
change during the week on stock and b on d collaterals have
ranged from 3 % to 2 7 % . T o -d a y ’s rates on call were
6@ 27% .
Prime com m ercial paper quoted at 6 @ 6 % %
for endorsements and 6 @ 6 % % for best single names.
The Bank o f England weekly statem ent on Thursday
showed an increase in bullion of £2,124,902, and the per­
centage of reserve to liabilities was 44.92, against 40.32
last week.
The discount rate remains as fixed O ct. 19th at 6 % .
The Bank of France shows a decrease of 27,575,000 francs
in gold and 5,700,000 francs in silver.
The New Y ork City clearing-house banks in their state­
m ent o f N ovem ber 24 showed an increase in the reserve held
o f .'52.902,900 and a surplus over the required reserve of
.34,403,425, against 32,371,675 the previous week.
1906.
Nov. 24.

Differences
form
previous week.

1905.
Nov. 25.

1904.
Nov. 26.

s
Capital_ ; __________
__
119.150,000
Surplus_____________
158,609.700
Loans and discounts_ 1.048,468,300 Inc.
_
Circulation__ ________
52,265,400 Inc.
Net deposits........ .. _ - a 997,965.100 Inc.
Specie __ ___________
1S5.016.200 Inc.
Legal tenders________
68,878,500 Inc.

4,070,500
908,200
3,484,600
1,109,800
1,793,100

Reserve held _ _ ____
25% ol d eposits______

253,S94,700 Inc.
249,491.275 Inc.

2,902,900
871,150

258,951,500
249,794,400

294.434,500
286,053,125

4,403,425 Inc.

2,031,750

9,157,100

8,381.375

Surplus reserve____

1329

THE CHRONICLE.

D eo . 1 1906. J

8

S
S
116,472,700 115.972,700
140,800,500 135,187,700
1,012,288,300 1,102,420.900
42.126,500
54,602,600
999,177,600 1,144,212,500
184,466.600 217.957, S00
76.476,700
74,484,900

a S14.269.500 United States deposits included, against S14.320.800 last week and
SS,567.500 the corresponding week of 1905. With these United States deposits
eliminated, the surplus reserve would be S7,970,800 on November 24 and 85,951,875 on November 17Note.— Returns of separate banks appear on the preceding page.

Foreign Exchange.—The market was extremely dull this
week, fluctuations were within a narrow range,and the tone
was generally steady, closing irregular.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4.81% for sixty day and 4 86% for sight. To-day’s
(Friday’s) actual rates for sterling exchange were 4 8075@
4 81 for long. 4 8550@4 8560 for short and 4 8635@4 8645
for cables. Commercial on banks 4 8030@4 8040 and docu­
ments for payment 4 7 9 % @ 4 81%. Cotton for payment
4 79% @ 4 79%, cotton for acceptance 4 8030@4 8040 and
grain for payment 4 81 @ 4 81 %.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 21% a@ 5 2 1 % for long and 5 19% a @ 5 19% d for
short. Germany bankers’ marks were 93 15-16@94 for long
and 94%fi(5;94% for short. Amsterdam bankers’ guilders
were 40fc@40 l-10d for short.
Exchange at Paris on London to-day 25f. 26c.; week’s
range 25f. 27c. high and 27f. 26c. low.
The week’s range for exchange rates follows:

State andJRailroad B o n d s.— Sales o f State bonds atj,the
Board are lim ited to 3200 Tennessee settlem ent 3sX(small
bonds) at 9 7 % .
jjJ -,.;i
A little m ore a ctiv ity is noted in the m arket for railway
and industrial bonds at the E xchange. This was especially
true on Tuesday and W ednesday, when the transactions
were more widely distributed than for a long tim e past.
Prices have generally been steady.
M exican Central issues have been in dem and and are alm ost
the only issue that advanced a poin t or m ore. A tchison
convertible 4s have been strong in sym p ath y w ith the shares.
W abash Pittsburgh Term inals have been w eak, closing a
point low er. Other changes are unim portant.
U nited States B o n d s.— No sales o f G overnm ent bon ds
have been reported at the Board this w eek. The follow ing
are the daily closing quotations; for yearly range see third
page following.
___________________
Interest
Periods
23,
2s,
33.
33,
3s.
43,
4S.
4s,
43,
2s,

1930 _____ ___ registered
1930______ ......... coupon
1908-1918- ___ registered
190S-191S- .......... coupon
1908-1918- -small coupon
1907 ........ ___ registered
1907_____ .......... coupon
1925 _____ ___ registered
1925_____ ______coupon
1936--Panama Canal reg

N ov.

N ov.

N ov.

N ov.

24.

26.

27.

28-

Q—Jan
Q—Jan
Q— Feb
Q—Feb
Q— Feb
Q—Jan
Q—Jan
Q— Feb
Q—Feb
Q— Nov

*104
*104
*103
*103
*102 !*
*101%
*10134
*13014
* 130V5
*1041*

*104
*104
*103
*103
*1021*
*101?*
*101%
*130?*
*13014
*1041*

*103?*
*104
*103
*103
*1021*
*101?*
*1011*
*13014
*130 %
*1041*

*103?*
*103?*
*102?:,
*102?*
*102'*
*10114
*1011*
*13014
*130)4
*1041*

N ov.

N ov.

29.

30.

.
1
P
H
H
n
•
!

*103)*
*103?*
*102?*
*102?*
*1021*
*10014
*1011*
*130)4
*1301*
*104

*This is the price bid at the morning board: no sale was made.

R ailroad and M iscellaneous S tock s.— Business in the stock
market has steadily declined in volum e throughout the w eek,
to -d a y ’s market being the dullest in a long tim e past, and
prices are generally som ew hat lowrer.
There have been a few exceptional features. Great
Northern continued the decline noted last week until if
reached 314, a loss of 19 points. It closes nearly 5 points
above the low est, bu t with a net loss of nearly 3.
Missouri Kansas & Texas continued to advance until it
reached the highest price o f the year, near -which it closed.
Northern Pacific has covered a range of nearly 7 points and
is only a point below the highest. Atchison has been a
strong feature on its favorable traffic reports. Other active
railway issues are generally low er.
The miscellaneous list has been irregular and net changes
are about evenly divided betw een higher and low er. Gen­
eral Electric has been the strong feature o f this grou p,
closing 1 % points higher than last -week. Smelting & R e ­
fining is dow n over 2 points, while the U. S. Steel issues are
only % lower in each case.
For daily volume of business see page 1337.
The follow ing sales have occurred this week of shares n ot
represented in our detailed list on the pages which follow !
STOCKS.
Week ending Nov. 30.
Alice M ining__________
American Teleg & Cable.
Buffalo Rocli & Pitts__
Can Pac subscriptions.Chic B u r l i D g & Quincy..
Comstock Tunnel_____
1st 4 s ______________
Cripple Creek Central _.
General Electric rights..
Homestake Mining____
Iron Silver Mining_____
Knicker Ice, pre£_______
N Y Central rights ._ .
New York Dock______
N Y & N .TTelephone.. .
Ontario Silver Mining__
Standard Mining_______
Tenn Coal rights_______
U S Leather, preferred..

Sales
for
Week.

Range since Jan. 1.

Range for week.
Lowest.

Highest.

915 7% Nov
200 8814 Nov
100 128 Nov
100 182 Nov
2 202 Nov
2,300 30c. Nov
10,000 23c. Nov
100 69 Nov
5,800 12 Nov
420 82?* Nov
100 8414 Nov
100 79 Nov
18,446 5 34 Nov
200 43 Nov
100 12614 Nov
770 4 Nov
1,400 S2.60Nov
1,500 73^Nov
200 113 Nov

26 S Nov
28 90 Nov
28 128 Nov
27 182 Nov
30 202 Nov
26 32o. Nov
28 23c. Nov
30 69 Nov
26 12% Nov
30 90 Nov
30 $414 Nov
24 79 Nov
26 6 Nov
27 43 Nov
26 12614NOV
24 414 Nov
24 S2.85N0V
30 814 Nov
26113 Nov

Lowest.
27
27
28
27
30
24
28
30
30
27
30
24
28
27
26
30
24
30
20

S2J4
86
124
153?*
202
10c.
12c.
69
12
80%
84)4
75
414
34
124
1%
%
2V>
714
103?*

H ighesl.

Jan 89%
Nov 93%
Nov 153%
July: 182
Novi 220
Mch 40c.
Sept 30c.
Nov 80
Nov 12%
Jan 100
Nov $6
July 85%
Novi 6%
Jan 50%
Oct 1551*
June 4%
Oct S5
Nov 8%
July 117

Nov
Mch
Sept
Nov
June
Mch
Mch
Oct
Nov
Nov
Apr
Sept
Oct
Jan
Feb
Oct
Jan
Nov
Feb

Outside M arket.— A ctive trading in Great Northern Ore
certificates and a break in International Salt & Nipissing
Mines were the features in a generally -weak and declining
curb m arket. Some im provem ent was noted to-d a y , bu t
gains in price were on ly fractional. Great Northern Ore
certificates opened dow n 2 points from last F rid ay’s close
at 87, sank to 7 9% , m oved upward again, reaching 87%
to-d a y , and reacted finally to 86. International Salt was
prom inent for a break of 10 points to 20, b u t recovered to
27. It sold to-d a y down to 25. Standard Oil from 512%
-------------Long------------- -------------Short------------- ----------- Cables----------- went down to 510, advanced to 530, bu t subsequently reacted
Sterling Actual —
to 525. International Mercantile Marine preferred advanced
H igh. ........4 8075
@ 4
81] 4 8570 @ 4 8580
[4 8665
@ 4 8675
L o w ......... 4 8050
@ 4
8055[ 4 8550
@ 4 8560 I 4 8635
@ 4 8645
from 29 to 32, easing off to-d a y to 3 1 % . The com m on sold
Paris Bankers' Francs—
up from lfi% to 11. H avana T ob a cco com m on lost 2 points
H igh .......... 5 22'/* @ 5 2 I% o |5 19%<i @ 5 19%d I ..............................
L o w ......... 5 22%n
@ 5
22%! 5 20 @ 5 1!)%a
...............................
to 12. Guggenheim E xploration sold dow n from 317 to
Germany Bankers' Murks—
295. Electric B oat com m on advanced from 30 to 33 and
H igh- .........93 15-16 0 94
i 94*Ad
@ Q »*
I _________ _______
L o w ---------93 13-16 @ 93 15-16 i 94 11-16 @ 94?*
| ......
............ the preferred from 75 to 76. Em pire Steel preferred gained
Amsterdam, Bankers' Guilders—
2 points to 46. Chicago Subway from 51 % dropped to 50%
H igh .............................................. I 40fc
@ 4 0 1-16d ' . .............................
Low ..............................................
| 40
@ 4 0 1-16 | ..............................
and to-d a y sold up to 51% and back finally to 50% . Nipissing sank from 28 % to 25 and ends the week at 2 6 % . Butte
Loss: al-16 of \%. d 1-32 of 1%. h 3-32 of 1%.
Plus: k 1-16 of 1%. x 1-32 of 1%. y 3-32 of
S New Y ork was an active feature, losing abou t 2 points to
c
The following were the rates for domestic exchange on 6, but recovered to 6 % . M ontgom ery-Shoshonc m oved
New York at the undermentioned cities to-day: Savannah flown from 16% to 14 and up again to 1 5 % . United Copper
buying, 50c. per 31,000 discount; selling, 75c. per 31,000 com m on declined from 76 to 7 4 % , advanced to 76 and
premium. Charleston, 10c. per 31,000 premium. New Or­ closed to-d a y at 75. Boston Consolidated Copper rose from
leans, bank, 85c. per 31,000 discount; commercial, 31 15 per 3 0 % to 3 3 % . N evada Smelting from 8 went down to 6
31.000 discount. Chicago, 5c. per 31,000 discount. St and to-day recovered to 7 % . Tennessee Copper advanced
Louis. 15c. per 31,000 premium. San Francisco, 50c. per from 47% to 49, falling subsequently to 4 8 % .
31.000 premium.
Outside quotations will be found on page 1337.
4

New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O C C U PYIN G

TW O

PAGE*

« j*

tiT O Q K b —H W U B f i l
S a tu rd a y
N ov 24

M onday
N ov 2 0

A N D L O W E S T S A L E P R IC E S

T u e sd a y
N ov 27

W ed n esd a y
N o v 28

T h u r sd a y
N ov 29

1 0 2 % 103%
101% 103
101 % 1 0 1 %
101 % 1 0 l
137% 137%
137 138*4 137 137% *136 137
119 119*2 118*0119% 118% 119% 119 119^
92%
92% 92%
*91 H 92 T *91% 92% *92
i
79% 80%
79
79%
78% 79%
7V
80
*S0
88
•80
88
*80
88
,v
80
38
180 181% I80% 18i% 1 8 1 % 182% 181 % 182%
6 8 % *67% 6 8 %
67
67 H •67% 6 8 % *67
i
225 227
*225 230 •225 230 *225 230
55% 56
65% 65%
55% 56%
66
65^
•29
31
31
30
30%
-20
31% *29
75
75 *........ 76
76*4 76 *........ 76
18% 18%
18% 18%
1 S% 18%
18Jfl 1»°8
•SO
81
*81)
81
81
81
*79% 82
72
73
73% 73%
72
72
72
72
27
27%j *26% 27% *26% 27%
* 2 0 '% 28
181% 184 % 180 183 s lftO^ 184% 182% 184
198 198
•197 202% 198 200
•108 202
2u3 203
205 205% 206 206
203 207
237 237 *232 240
•231 210 •230 240
•170 180 *170 ISO * 170 180 *170 180
•176 185 •175 185 *175 185 *175 185
12
12
*9
12%
•9
13
•........ 12
•22
29
*22
29
*22
29
-2 2
29
4% 5%
5 % 5%
5
5
4% 5
17
18
16% 16%
16
16%
16% 16%
92
92
93
93%
93% 93%
»92
93h
*113 115 *113 115 ♦113 115 *113 115
38
38%
38
38%
38
38%
38% 38*4
69
*6 8 % 69
•68*4 69'H 69 % o y % 69
i
57
57%
56% 57%
6 6 % 57%
•67 H 58
a
228 229
226% 229
226H: 228*4 2 2 6 % 228
649% 549%
549% 549% ♦540 550
642 642
41
41 % 41% 42%
43
43%
40% 46%
86
86 %
85% 85%
86
86
*84
86
84
84
86
*83 ........ *84
*85
90
§18
18
• is
r j ^ *18% 19% * 17% 19
*37
39
37 % 37 % *36
39
*37
39
44 % 45
44
44%
44% 44%
44
44%
76%
76% *76
*78*4 76*2 76% 76% *76
68
67% 67% *67
69 S *67
i
67% 67%
*6.5
70
*65
70
*65
70
*66
76
♦85
95
*85
96
•85
95
*85
96
814 318
316% 318% 317 319
819 321
*81 ooc —
*81 ........
101 101 % 101 1 0 2 %
• 101*0 102 *101 % 102

R a ilroa d *.
103% 104% A tch. Toneka<fcSania Fr
102
102
Do pref................
136% 136% Atlantic Coast Line K R ..
1 1 8 % 11.9% IJaltimoredk O h io ..........
•98
93% 11 Do nref..
79% 8 0 % Brooklyn R apidTransit..
*80
88
Buffalo
Susque, p ref...
182 182*8 / Canadian Pacific.’..
*67
6 8 % 1 Canada Southern...........
*223 228 Central of N ew J ersey ...
553 56 S Chesapeake & O h io...".
4
*29% 31% Chicago < Alton R R ......
fc
*........ 76
Bo pref..........
18
18^ Chicago Great W estern..
*80
81
B o 4 p. c. debentures
*71% 74
Bo 5 p. c. pref. “ A ” ..
*26% 27%
Bo 4 p. c. pref. “ B”
182 183% Chicago Milw. & St. Paul.
*197 200
B o pref.............
*204 207 Chicago & North Western
Bo pref_
_
*170 180 Chic. St- P. Minn. & Om
*175 185
Bo p re f...
*9
12
Chicago T em pi Transfer.
29
29
Bo pref___
5%
5% Chicago Union Traction.
17% 18
B o pref.
92% 22% Cleve. Cm. Chic. '& St. L
*113 115
B o pref.
38
38% Colorado & Southern
*6 8 % 69
B o 1st preferred
57
57
B o 2d preferred
*226% 22 S lAdaw ar© & Hudson
*545 550 JF'elaw. Lack. < W est’ n
fc
42
42=8 Denver So Rio Grande
*84
86
B o pref.
84% 85 Detroit United
*18 *a lyag Duluth So. Shore < Atl
fo
*36 % 38%
B o p re f..
43% 44% L h i e .....
76
76 T-i B o 1st jiref .
*67
6S
Bo 2d pref.
*65
75 Evansv. So Terre Haute.
♦85
95
l)o pref
316 319*2 Great Northern, pref
♦81
♦........ 15
*45
47 l_I avana E lectric.
•86
87 AX Do pref..
* . .......126
Hooking Valley ..!
93% 94
Bo p re f..
176% 176% I llinois Central..
37
-67\ a nterboro-Metropol i tan
76% 76%
30% 30% Iow a Central ...........
§2*2 62*2
B o pref .............
*64
72
g/r anawha & Michigan
*78
80 A\-C.Ft.S.<&M.,tr. cts. pfd
30% 31 Kansas City Southern^ . .
62
©3
B o p ie f___. . .
SIM* 30** T ak© Erie & Western
*77
80 A j D o pref............. .
*61% 65 Long Island..
145% 146% Louisville < Nash vine
fe
I423j 143*2 \/l anhattan Elevated..

46
46
*85
87
*........ 126
§93% 93%
175 175%
36%, 36%
7 6 % 7 6%
30% 30
62
52
•65
72
*«8 % 79
30
32%
62
63%
30% 30%
•77
80
*62
66
144 % 146
143 143

*45
47
*86
87
*. — ..1 2 6
*93% 95%
175% 176%
36% 36%
76
76
29% 30%
52
52%
*64
72
*78
79
31
32
63% 63%
*30
32
*77
80
*62
66
145% 146%
143% 144

46
86
126
*93% 94
175 176
36% 37
76% 7 6%
30% 30%
52% 62%
*64
70
78% 79%
31
31%
68
63%
*30
32
*77
80
*6i% 64
145% 145%
U2% 145

>
*108 iio % * 106 n<3%
24 % 24 % 23% ‘24
^190 W o *190 195
70
64% 64% *uQ
*90
97
*90
97
*146 148 *145 150
* ........17 0
*___.. 17o
40°8 4.1 % 41% 42%
74% 76
73% 74%
94% 95
93*8 94%
* 143 146 *142 146
*58% 57% *56% 57%
*26 % 28% *27% 29%

*H>6 110%
* 23 % 24%
192 % 192%
*60
68
*90
98
*146 150
167 % 168
42% 4 3%
73% 75%
94% 94%
*142 145
*56% 57%
*28
29%

*106 110%
28% 24%
*185 195
64% 64%
*90
98
*146 149
167 167
41*8 4ii*a
76-8 / 4 -£
94% 94-8
143 % 144%
•56% 57
29
29

*106 il< H Metropolitan Street
25% 25% Mexican Central........
*185 195 Michigan Central.
*60
70 Minneapolis & St. Louis
*90
98
Bo p r e f...
♦14d 148
*165 170
Bo pref..........
42% 43 Mo, Kansas < Texas
%
73a 74*2
4
B o pref.......... „
94% 94% M issouri Pacific..
* 142 1^5
V Tash. Chatt. & St. Louis
57=4 58=8 1^! at.of Mex, non-cum.pf
29% 29%
Bo 2d pref.............

129% 131% 128% 130% l2 9 % i3 0 % 130% 138%
63*8 63%
63% 65
65% 63%
*62% 64
*112 1.20 *112 120 *112 120 * l i 2 120
*35
88
86
86
*85
87
*84
87
192 192 ♦190 193
•192 193 *iy2 193
47
47%
48
48%
47
47 % 46% 47
94% 94%
94% 94%
94% 94%
9-1% 94%
§90
90
*88
90
•88% 90
*88% 90
.
222% 281%
21.8% 221% 218% 221 % 219%224
U 8 133 *AoQ 131 *129 130
*125 129
*100 108 *100 iu8 *100 Lu8 ♦iOO 108
*122 128 ♦i22 128 *122 130 *122 130
138 139
138% 139% 133% 139% i38% i39
*35
40
*35
40
*35
40
*35
40
84
85
85 % »5 % 35% 35% *83% 86
*100% 108% *100 108 *100 105 *loO 108
145 % 148% 14o % 1 4 1 % 146% 148% 146% 148 %
9o % 90 % •90%........
yL
91
*89
91
98
98
•94
9 /%
•94
97%
*95
98
30% 31%
31
31%
31% 32%
30% 31%
68
68
68
66 % 67 % 67
*66% 68
*68
72
•70
72
*70
7-1
*69
71
47% 4 3 %
48
48
48% 4.8\
§49
49
2©% 25%
26
26%
2 6 % 2 i>%
26
26
60
60
Gi.% 61% *6 !
*61
62%
62
94% 95
93% 94%; 95% 9 4 'fc 94% 95
*119 ll9 % 119 119% 119% 119% i i y * u y * «
34*a 34%
33% 34 < 34% 34%
33% 34%
94% 94%
*94 % 90
*94% 95
94% 94%
37-8 38%
37% 38%
3?a 38 *
4
4
37% 38%
121 125
'l 'z l 125
•121 125 •121 125
29
29
20% 29V
29% 30%
29
2*
34
34%
84
34% 34% 34%
34% 34%
53% 53%
53% 534s
63 % f>3 % *52% 53 ^

B o pref
131% 132 N. Y. Central < Hudson..
fe
*63% 64% N. Y. Chic. & St. Louis__
*112 120
Bo 1st p ref...
85
85
Bo 2d pref....... .
193 193 N. Y. N. Haven < Hartf.
&
48
48% N. Y. Ontario < Western.
fc
94% 94% Norfolk & W estern..........
90
90
Do adj ustment pref.
222 225% Morthern "Pacific.. . . . ___
*127 130
jLMcihc Coast Co.............
*IU0 108 A Do 1st pref___
*123 128
B o 2d pref................
137 7*133=4, Pennsylvania....................
*35
40 Peoria < Eastern.
&
84% 84% Pittsb. Cin. Chic. & St. L.
*100% 108
B o pref.......................
146% 148
ea d in g ..........................
*90% 91 JLAlst p re f. . . .
*94
93
2d p r e f .......................
31% 32% Rock Island Company___
67% 6s%
Do pref.......................
*7o
72 St. L .& S .F r.t 1st pref___
48% 49%
B o 2d pref..."............
24% 25% St. Lotus Southwestern..
*60
62
Bo pref.......................
94
94% Southern Pacific Co........
*119 120
Do pref........................
34
34% Southernv.tr. cfs. stmped
94
94%
Do pref.
do
37% 38•* Pexas < P a c ific ............
fc
*123 12(5
1 hird Avenue (N. Y .)...
29
29 Toledo Railways & Light
34% 34% ToL St. L. & VV. v. tr. ctls
53
53 ‘4
Do pref. vot. tr. ctfs.

*46
49
*85
87
* ____ 126
§93
93%
175% 175%
36% 36%
*76** 77%
*30 ' 31
61%
*65
72
78% 78%
30% 30%
61% 62 %
80
30
*76
80
*62
66
145 147
143% 143%

46
*84

E r td a y
N ov 8 0

STOCKS
N E W YORK STOCK
EXCHANGE

.............................

,
a

cc
M
<
1
*!
=
25
H
*
d
>

■

1
S ates 0 I Jianrje to r y e a r 190 0 \R a n ge to r P rev io u s
Y ea r (1 9 0 5 ;
On. b a sis o f 1 0 0 -sh a re lots
the
w e etc
S h ares 1 L ow est
j H ig h est
L ow est '.H ighest

]
-r
89,300 85% May 2 110% Sep 11' 77% May 93% Mai
85 u 9S%JTy 3 106 Jan 3 99 Jau U05%Sep
1,100 131 % JTy 3 167% Jan 2u! 120 Jan 170 Apr
8,800 Il05% May 2 125% Sep 2) i 1 0 0 % Jan 117 Aug
201 9 1 Oct 22 99% Jan 5 91 Mar 100 Aug
48,9 60 71 JTy 12 94% Jan 26; 56% May 91% N or
• • . - r S3 Jan 12 . 87 Feb < , 84 Dec 91% Maj
8
15,800 155% May 2 1 - % Oct 3 130% Jan 177% Sep
200 65%.I,ne30 70% Jan 8 ' I 67 Nov 74% A y.t
300 204 May 2 239% May24 190 May 235 Get
4,500 51 % N 0 v 12 j 65 % Aug30 45 % May 60 % Max
.......... ...... . .....
-100 25 % Sep 15 1 35% Oct 8
____
400 75 N ov‘27 1 7 1 % Oct 5
5*200 16 J’ne2e 23% Jan 20 17 % Max ! 25% Mai
10 - 79% Sep
86 % Jan 17i 83% Max f 89 Sep
5uU 71% Nov lo 80 Jan 31 60 J'ne 78% Sep
400 24% Nov 14 39% Jan 2 2 ! 20 Maj 3*7 % Apr
204,650 155 % May 2 198% Aug27j 168% Max 187 % Apr
400 177% May 2 21S Aug i 7 182% Jan 192% Apr
1,900 192 Apr 27 240 Jan 15 j!alW *J'ne 249 Jan
100 225 Aug 9 270 Mar 30 |234 Jan 265% Feb
168 J’n e -8 .198 Jan 15 1150 Jan 225 Jan
175 Nov 14 202 Jan 15[ 195 Jan |230 Jan
224
9% Apr 19 18% J a n l9 ! 7% Jan ; 20 J’ n«
100 26 Oct 30 42% Jan 22 17% Jan 42% JTy
5,20u
3%May21 | 13% Fen20
6 J'rn 13% Feb
2,500 1 1 '8 JTy 12 47% Mai 12 30% JTy 54 Feb
800 90% May 2!109% Jan 15 90 Jan 111 Mai
110 JTy 19 118 Jan 23 115% JTy 12134 Ma*
2,800 29 % Jan 4 41. Oct 3 22% Jan 30% Apr
600 6 6 % A pr 30 73 % FeD20 52 May 69%De«
2,900 43 May 2 58% Oct 2 a 32% May 65 Deft
6,320 189 May 2 23 1% Nov 22 178% Max 240-% Oct
40. 437% May 2 560 May24 335 Jan 198% Oot
8,300 36% May 2 51% Jan 26 27% Maj 3934 Dee
500 83 Oct 27 91% Jan 2* 83% May 91% Dee
60i* 84 Nov 2k 102 Feb 9 76% Jan 96% Bee
30 16 J T y 13 22% Jan H i 11% May 22% N ot
100 32 Apr 28 45 Jan 11 21 May 46% N or
20,800 38% May 2 50% Jan 16- 37% May 52% Aug
500 75 May 2 83 Jail 15 74% Maj 85% A Of
450 62% Apr 27 76% Jan 16 55% Jan 78% Aug
70 Sep 7 76 Jan 2 63 JTy 7 5 Aug
. . . . . . 80 JTy 13 94 Aug 2 85 Nov 9b Aug
38,700 275 May 2 348 Feb 9 236 Jan 335 Apr
92 % J an 22 83 Feb 90 Jan
j
11% Oct 25 23 U ,rAn 19 17 Ma^ 24^ J’ne
1,110 33% Jan 19 63 A ug11 15 Apr 38% Dec
77% Jan 15 97% May 8 50 J ’ ne 82 Bee
H 3 is Feb 8 135 Apr 24 86% Jan 121% Dec
260 92 %N o v it 9 9 % j’ ue 1 90 Jan 97% N or
3,283 164 May 2 184h2.j>iie 7 152% Jan 183 Sep
8,400 33=8j ’iie27 65% MaylO
1,000 70% JTy 3 87% May 10
2,755 24 J T y 12 34% j an 12 24 Mar 32 Feb
1,200 48 JTy 17 63% Jan 33 50 May 61 Bee
52 Mar 7 76 J’ ne b 29% May 58% Dec
300 77 Oct 22 84% Feb 7 81% J’ne, 87 Oct
12,750 22% JTy 3 37% Jan 5 22 % Max 3 6 1 Bee
|
4
16,550 49 J T y 12 71 Jan 5i 52 Jan 70 Feb
300 27% JTy 3 44% Jan 12 28% J’ ne 47 % Dee
. . . . . . 75 Sep 2o ^92 % Jan _5; 91 JMe ?106 Mar
61% u ct 27 81% Jan 16 50% Maj 73% Nov
10,900 136 l4 May 2 156% Jan l9j rl34 % J an 157% sep
6,220 140 Sep 25 162 Jan 26! 1.61 May fl75 Feb
65 Feb ft s 75% May 11 6ft % N ov 91 Mar
lu3 JTy 12 127 Jan 16 114 May 133 Aug
14,600 18% May 2 26=8 Jau 19 18% Max 26 Mar
fuO 140 MarlO 200 JTy 17 $130 J’ne 155 Aug
40o 63 Aug 3 84^ J a n 11 56 % Jan 84% Oct
90 Apr 27 100%Jan 3i 86 Jan i(iti Oct
.. . . .
141%Jan 4 164 Mar 2li 89% Jan 145 Bee
30 u 163 % Apr 30 183% Jan 111 148 Jan 173 Bee
189,0iO 29 Mt*v 2 43% X ov27! 24 Ma> 39% Nov
23,630 64% Apr 27 7 o HN ov‘27 1 56% May 73 Aug
7,0o0 8 d% May 2 106% Jan 20! 94% May 110% Mar
400 133 May 3 149% Jan 12 137 Jan 153 Apr
l,loO 36 A p r27 03% NOV--: 33% Maj 45 Jan.
900 18 %J’ nel6 39% N ov30 17% J’nt 24% ja n
^2 % j nelO 36 % sop 12
80 -4 Sep * 83 Aug 4
53,910 126 N ov *2 156% Jau 8; 136% May 167% Mar
1,800 o9 Mar 5 73 ‘2 A p r l i i 42 Jan 76st Dec
11-*- A p r i l 120 » Jan 27 114 JTy 122% Jan
8
300 8 0 May 3 9i% Jan 9 74 May 95 Bee
|
190 JTy 10 204=a J an lit] $191% Bex; *2L6 Sep
200
(
7,60U 43% May 2 o7 *4 Jan i>r 40% Jan 64 Mar
3,530 84 Feb2ft 97% Uct 2: 76 May 88% Mar
|
150 89% Apr 12 96 Jan 6 91 % Feb 96 Aug
99,600 1 *9 % May 2 233% Feb 141 165 Api 2 16 % Augi.03* Jan 10 142 J’ne 5; / 8 % J an 109 % Oct
800
1O0 Jan 5 106 Jan 29 luO Jan L08 Feb
I0o% Jan 10 135 May 8! 85 Jan 109 Oct
120,900 132% J’ly 2 L47 % Jan 21 131% May 148 Aug
33 Apr2ft 46 % j an 15 j 27 Jan 48% Apr
700 75 May 2 87 J an 24* 70 Max 187% Mai'
^ ^ . luO May 4 1^9 A u g l |105 Feb 112 Ma*
4 Jan ^0 ! F79 Jan 143% N or
624,400 l l 2 May 2
600 89 Sep 2 ft 96 Jan 2 / 90 Max 97 ftep
500 96 Apr3u 102 Jan ^0 84 Jan 101 Nox'
97,30o 22 % j >iy 13 32% NovJO 2 1% .ucc 37% Jan
3,100 60 J ’ iy 2 69% Aug 20 60% N gy 85 Jan
60 Feu26 72% Apr 3- 67 Bee 81% Mar
l,42o 401-j J'ly 17 51% Feb 6 | 45 Bee ?3 % Mar
3,000 2 0 % May 2 27 -8 Jan 19! 20 May 27% Jan
300 48% May 2 6 j% Sep lu 55 Nov 6 6 % Apr
39,u5o 61 May 2 97 % Sep 21 57% Ma> 72% Feb
8S5 216 JTy 2 120 %J ?ne 6 115% Jan 1 2 2 % De*
14,7u0 3 1% Nov 12 4 3 % Jan 26 28 May 38 sep
800 i'4 N oy3u 103 Jan 16 95 Apr 182% Sep
25,810 28 May 2 40% Oct 2 29% Apr 41 Mar
______ 121 N ovlu rl39% Jan 17 1 .0 Dec 14 L Dee.
60 j 29 N o y 2 1 36 Jan 2 -| 2 2 % Jan 37% Apr
900 2 5 % j’ iy 2 40 % Jan i9| 34% May. 43% Apr
700 43 Ply 13 59% Jan 19: 51% Jan 65 Apr

BAiNKS AiND TRUbT COMPANIES— BROKERS' QUOTATlOiSS
B id t ASK
B id A s k
B id A s k |
B id A s k
B an k s
B anks
B anks
Banks
1 I nterboro^J. 145
Fifth............. 340
Metropoli*n51 160 170
Pacific^)....... 240 250
155
NRW YORK
First............. 700 710
Par it........ .
f rvi n .«
*
240 250
Alt Morris1 .; 240
455%
A etn a ......... 207% 215
,[....... 300 325
14 th Street^] 225
2U
0 2L
O Mutual •
People’ s^___ 300
N assaufj ___ 195 2 00 i Pile n i x ___ _ 170 [l80
America I ,... 525 535
F o u rth ___‘J. 210 214
Liberty . . . . 50 ) 520
Ainer Exch.. 1249%
G allatin_
_ 365 3.5
15n coin
1500 1700 New Amster 200 210 j Plaza’ ,.......... 560 580
A s to r ___. . . . 650 750
Nexv York Co 1200
Prod Ex clil . 170 175
G arfield__
300
Manhatta,n1i 300 310
Battery Park . 25 135
N Y Nat Ex. 200
German Am* is o
205 | Riverside! .. 250 feSG
L55
Market <fcFui 165 t7o
.185 LlO
B ow eryli___ 320 330
New Y ork ... 315 320 i Seaboard
German E x ’ 115
.Mechanics’ . 245 255
501
>
Bnich’ 9<fc Di 1(0 l 70
vf eeh J - Tra
J
Night & Day
500 i Second . . . . . . 700
German ia1|
1 .5
Century V ... 175 185
Greenwich \ 295 305
,|.......... 25 <
*0
.Mercantile.. 25U .60
19 tii Ward \
> o ; state4
6
C h a se .......... i 5
ooo
Do
54th Stceet.. 2u'3%L___
North Amer. 265
75
HamiltouH .. .6 0
.Merch Excli. 165
Chatham . . . ! -'95 305
Hf i n over
F id e lit y 4
50 u >12 v
Northern
170
12th W ard l . 350
200
l?U
)
Chelsea Kxc* i95
23d War«P .. l.-M IFifth Ave* .. 3800 4200 j imp < Trad. 550
fe
Oriental’ _
_ 270 .80
Metropolis 4 . 390
* Bio ahd asked prices; no sales were made on tins day. < Less than 100 shares. $ Ex-rignts. 1 State uanks. a blx.-divid.end and rights* bN ew s&Jhk*
}
]
a SaA© at Stock Exchange or at auction this week. s Trust Co. certificates.
h Assessment paid.
n Sold at private sal© at this price.

B an k s

L id

Ask,

B an k s
Chem ical___
Citizens’ Ctrl
C it y .............
Coal & Iron.
Colonial°,i ...
Columbia*,, ..
Com m erce...
Consolidated
C'rn Ex ell'll
Discount^ ...
East River..

B id

A sk

4100 14250
140 145
26 5 270
250 260
700
450 >25
1180% 1181
157 165
t311%
LoO .60
. 50 • 0
6

De o .

1

New York Stock Record—Concluded— Page 2

1906.]

ti'l O V h S - -H U i HLS l a n d
Saturua*,
Nov 24
-1 0 9 ^ 110V
ISO ^
•92
64 V
71^
*19
•35
•1/
37V
21V
*25 V
51V

Aionaan
J\ov 26
109V110V

188 V 1*5V 188%
93
92V 9-V
65
64\ *68
71V 71V
71 \
v,
*80 V S
19 * 19 V
4
20
42V 43
*35
40
40
17 V 17 V 17V
36
88V
37V
22
$23
32
26\
25 V 25 V
50% 53
61V

• Tuesday
1 \Ob 27

LO * LS2

19 V
42 V
•35
•16V
•37
22
*25
*51

19V
-13 V
40
17V
39
22
26
62V

Friday
Nov 80

l Weone^aay J Thursday
Nov 28
| Nov 49

109 V 109Vl*lO9
lSt'.%188V
92 V
-62
64
*70
72

.SALA BN JONS

110%

W
>
00
H
J
M
►
M
%
P
>
>
8

txctaye ror /Tevtovi
JCanye lor year * *uo
oasis w 1 uy-snare lots
/.owesi
lOSVJ’ly 3
) 50 Oct :
138 V May 2
91 V May 2
50 Apr2o
55 Apr 20
84 V Apr 19
18% J’ ly 12
iOVJan 3
3 - Jan 3
16 Apr 28
36 May 2
2 1V Oct 3 i
23 M ay 2
44 J’ly 2

1 Jl i yhexL

i Lowest

Jan 22 |l05 Jan
; ] ;.o oct .• $1-VJ% May
l ’h v se p I 113 Jan
99 V Jan 2 95 V Nov
98 Jan Is 21 V Jan
93 V Jan 17 ; 04 % Jan
87 '• Jau ) 8 SO JTy
*
20 V Jan 24 | 17 V May
58% F o b .7 | 37 Mu>
U V Fne 4 27 Nov
21% Feb 0 15 Ma\
4 8 V Feb 6 36 May
29SaFt*b 0 20 May
33 Jan 17 20 A pi
64 Jan 15 45 Jan

Highest
122 % Apr
Dill JTie
151% Dec
101% Feb
92 V Dec
94 V Dec
So Nov
24 V Sep
48 Feb
30 Dec
19% Mar
48 Feb
28 V Mar
33 V Aug
64 V Oct

4,100
\\/ abash...........................
4,7 ,0
> V Do pret......................
......
W os tern M ar y 1
and..........
500
Wheeling d Lake E rie...
a
900
Do 1st pref.................
67 0
Do 2d nref.................
lOo
Wisconsin Central............
400
Do prer.......................
Industrial & .Hiacell
*2SO 300
50 $240 J’nel 4 ^300 Aug27 $236 Jan $250 Feb
a dams Express..............
80u 16 J’ly 3 27% Jan 24 13 May 24 V Dec
17% 17 V 7V. Uis-Chalmers..............
1,200 40 Sep i 67 Jan 24 46 V May 68 Feb
46 V 46 V
Do prof......................
112 V 113% Amalgamated Copper....... 139,000 02% J’ly 13 118V Feb 13 70 Jan 111% Dec
3oO 20 J’ly 3 34 % Jan 2.
25% 25% Amer Aericult Chemical.
20 Jan 29% Apr
*9 1 V y4
. . . . . . 91V Nov2 J 102 Jan _5 89 % Feb 95 Aug
Do pret......................
1,000 20 V Mav 2 85 Jan 6 23 Nov 35 Dec
*24
24 V Amer Beet Sugar..............
. . . . . . 82 b Oct 18 89V Jau 8 77 Jan 89 Dec
*......... 87 *
2
Do pref........................
4,700 32% J’ly 13 47 v Jan 24 31 M ay 43% Apr
44V 44V American Car 6b Foundry
10*2 102
420 98 v J’ly 13 105 Jan 24 z91V Jan 104 V Apr
Do prof........................
4,410 28 May 2 44 V Jan 11 27% JTy 40% Dec
*33
33 V American Cotton Oil.......
*90
93
90% J’neCU 95 Jan 10 89 V J’ly 97 Feb
Do pref
*240 245 American Express............
210 Apr 26 272 Aug JO $201) V Jau 246 Feb
7% May 2 11% Jan 15
*9
9 V American Grass Twine ..
4% Aug 14 Jan
500
5 VNov21 30 Jan 26
6 J’ne 11% Dec
6V
6 V Amer Hide
Leather___
1,900 24 Novi2 43 Jan 25 29 V Cot 55% Mar
28V 29
Do pref........................
1,400 35 V Jan 2 9 1% Sep 25 24% J’ly 36 Deo
88
8S°8 American Ice Securities.
*18
19 American Linseed............
100 17 May 7 29 V Jan 2z 15 V Jan 23 Dec
. . . . . . 38 Nov 2 58% Jan 20 36 Jan 48 V Apt
*38% 40
Do pret........................
$75
76 American Locomotive...
1,630 53% May 2 78 V Jan 4 33 Jan 76 V Dec
22 J 110 V May 2 120 V Jan 16 L
*111 112
03% Jan 122% Apr
Do prof........................
4 J’ne29
6 ^ Apr 5
......
6 Dec
5 V Nov
*3V
4 Amer. Malt. otfs. of clop...
25 Jan 8 29% Apr 5 24% Dec 26 Nor
*25
28
Do prof. ctfs. of dep..
25 Sep 15 54% Apr 16
*27
30 Amer Pnonmatin Service
60 Aug 7 83 V Apr 12
*60
63
••••• 94 Nov22 101% Jan 18 97 V Sep 102 N ot
*92 V 93 V Amer Smelters Soc pref B
151 % 163V Amer. smelt’ g < Relin’ g. 92,700 138 V May ‘7 174 Jan 18 79% Jan 170% Dec
&
U om 116
1,955 113% Sep 28 130 Jan 12 111V Jan 137 Dec
Do pref........................
*200 240 American SnuJf.................
«*mm 2u0 J’ly 6 220 Jan 25 163 May 250 Nor
mm
*101 105
100 V Oct 2 c 107 Jan 1.6 99 Jan 110 Dec
Do pref
10 1 10 L American Steel Foundr’s.
-j
j
3,200
9% Nov20 15V Jan 17
6% JTy 18% Mar
3,650 40 May 2 53V Jan 17 35 % J’ne 67 V Apr
46% 4 6 s
Do prof.......................
5,825 127 V May 2 157 Jan 8 130 May1154% Dec
*1 3 3 V 134 American Sugar Refining
*130 132
130 Sep 20 140 Jan 19 133 May 141 Aug
Do pref........................
600 130 J’ly 18 144% Jan 19 131 Dec 148V Jan
136 V 137 V Amer. Telepli. & T eieg...
35u 96 J’ly 3 109 Jan 22 91 % Jau 109% Dec
*98V 99 Amer. Tolmc. (new), pref.
l,5u0 28 Nov 12 48 Jan 6 20% Jan 47 %Nov
35
35 American Woolen............
20o 101 J’ly 13 110% Jan 24 93 Jau 108 V Mar
* 102 V 104
Do pref............... ........
fl2?9V280V Anaconda Copper.............. 52,240 223 V May 4 300 Febio 100 V May 295 Dec
*105 120
I0U 10-> Nov2b 178 Jan 3 175 Dec *215 Feb
LKooklyn Union Gae___
. . . . . . 13 V J ’ly ^ 21% Apr 14 10% Jan 22 V Dec
•loV 16V Drunsw. Docket C.Imp’t
$63
53 Buttenok Co......................
2u 40 Apr lb 70 May 9j 50 Dec 60% Jan
37
3 / % / lentral Leather............
600 34 Oct 26 49 % Jan '24 40 Sep 47% Oct
1,060 100 J’ly 3 107 V Jan 24 102 V Nov 1u5 7 N ov
102 102 V J Do pref......................
q
54% 55 Colorado Fuel & Iron___ 34,608 40% May 2 83 % Jan 26 38 May 59 Mar
*79
99
85 J’ne29 112 V Jan 29 80 Aug 105 Mar
Do pref........................
27
28 V CoL & JB
Tock. Coal < Iron. 33,620 17 May 2 3o V Nov26 11% May 20 Dec
fc
300 130% Apr27 18l34 Jan23 175 Nov 214 Mai
•13 7 V 138 s Oonsoiidated Gas (N” Y .).
.
21,823 18 V J’ly 13 28 Apr 4
22 V -"3% Corn Prodnota Refg
82
82
2,200 74 £ May 2 85% Apr 2
Do pro!
1,780 5L Jan3U 74% Sep 2u r34 % Jan 54% Dec
71V 71V Distillers Security Corp.
* ........ so
81% Jan 3 87% Jan 19 76 May 89 V Feb
1,400 138 Jan 4 199 Jan 22 60 Jan Il5 Nov
•166 ls 5 Federal Mining & smeit’g
3,500 91 JTy 3 112% Jan 22 75 Jan 1 10 V N ot
*94V 97%
Do pref........................
3,200 lOO^J’ly 13 184 Got 9 169 May 192 Mar
177 177v General Electric...............
1,100 16 -j sep f ^ 26 V Jan 15 18 % J’ne 25 V Dec
•IS
19
I nternational Paper.......
82
82 1 Do pref........................
2 00 80% sep 22 90 Jan 13 76% Feb 88 V Lee
*50% 59 International Power.......
. . . . . . 48 Sep i* #95 Jan 29 48 Oct 100 Feb
28 Jan 15 60 May 8 26 Dec 40 % Feb
*40 V 42 Tnternat Steam Pump
-79 Jan i l 93 May 14 78 V May 88% Apr
*8 3 s 89
Do pret........................
1,900 54% J’ly 6 84% Sep k7 10 Jan 63 De**
7 6 % 7 6 V KnickerDocker Ice( Chief
2,0 00 62 May 2 7 1VOet ^4 52 Aug 69 V Dec
7 5 s 7 6% \j ational Biscuit............
* .........117
. . . . . . llo ^ J a n 5 118% Oct 8 110 Aug 120% Mar
Do pref........................
700 12 May 2 18% Jan 15 11 Aug 31 % Apr
15 7 1578 Nat Ename 1 g<fcStarnp’ g
a
m
<
*84
87
lOo 82 Sep 1 1 88 *j Mar s 80 Aug 9.4 Apr
Do pref......................
6
3,7oO 66 May 2 95 * Jan 19 24 V Jan 89 % Dec
75V 76 National Lead...............
lt>2 s 102 V
20u 100 V J’ ne 7 106V Jan 2_ 97% Jan 115 *3 Dec
Do pref........................
*140 145 New York Air Brake.......
l,5o0 133 J’ly 12 163% Jan o 140 May 168% N ot
-89 V 90 North American Co., new
5o0 ©7 V Nov .2 107 Jan 12 95% Nov LO? Apr
41
41% pacific Mail......................
9,550 28% J’ne^b 51V Jan 19 33 May 55% Dec
92% 92 V 1 eop. Gas-L.<fc C. (Chic.)
2,850 88 JTy i3 103 Jan 2 97% May 115 V Apr
* i.7
13 Pitts ourgh coal Co..........
3, tfU 13 V May % 18% Nov23 12% JTy 21 May
o
*58
60
1,600 50 J Ty 3 62 ±2 Jan 19 45% J’ly 80 V May
Do pref......................
54% 54 V Pressed Steel Car..............
8
2,150 43 May 2 64 * Jan -4 33 % Jah 68% Doc
1,675 95 M ay 2 105 Feb 1 87 Feb 101 v Uct
yyv 99 v
Do nret.......................
a;189% 190 Pullman Company............
6 p7 x'189% Nov30 2 /0 Nov 9 J30 May 258 Aug
2, loo 44 May 2 62% Jan 151 30 May 63 V Dec
53
53 V s > an way Steel Spring...
-95% 102
IV Do pref........................
40 0 97% J Ty 13 i07 Jan 2 4 Jo Jan L06 Nov
38
38 Republic Iron < Steel...
fe
9,44u 22 V May 2 40 % sep I j 15 Jan 36 % Dec
101 101
2,67,* 91 May 2 1 1 0 Jan 9 67 Jau lu8 Dec
Do pre!........................
75% 75% O loss-SUetUelcl St. & Iron
1,7 00 68 V JTy 13 9'< V Jan 12 00 Jan 118 V Feb
*104 110 O Do pref........................
100 1 0 is, Oct lo l i 3 A p r 3 LuO Jan 130 Feb
1162 166 Tenn. CoaJ, Iron 6k H R ...
4,4ou 129 Jan 2 $166 Novou 68 Jan 148 Deo
*87
87 s Texas Pacific Land Trusi
61L/ 60 May 2 88 Oct 28 37 % Jan 66 Dec
8 V h% I I mon Bag 60 Paper.......
5 V &ep 7 15 v Jau 19
8% 1 'ne 15% Ool
645
60 V 60
690 52 Oct 15 84 Jan 18 68 Jau 82% Dec
U Do prel.........1.............
47
47% U. S. Cast L Pipe 6k Foirn.
4,lo0 43 V May - 53 Jan 17 19 % Jan 48 V Dec
87V 87%
Do prel........................
1,100 h7 V Novl3 96% Jan 24 79 % Jan 9 7% Apr
*115 120 United States Express...
lu9 May 1 138 V Jan 26 >110 Dec 134 Feb
*b5
8->V U S Realty A Imp*rove’ m
200 75 Augio 94 Jan 2u 77 Jau 98 V Mar
•27V 30 U S Reduction < Re tin’ g
24 Mar l 40 % j ’ne 5 18 Feb 40 V Apr
fc
60 Mar2^ 84 jTie 6 3o Jan 73 V Aug
•69
72
Do prei......................
52
52% United States R ubber___
2,510 38 J T yi3 59 V Get 2 33% Jar 58% Sep
108 1U8
Do 1st prel.................
40 u zlOi% JTy 13 £115 Jan 15 98% Jan il8 V Apr
*76 V 79
Do 2d p r e f...............
3o 75 May 2 jc& 7 ^ Jan 15 75 Nov 83% Dec
4 7 V 47% U nited States Steel.......... 148,810 62% J’ly 13 uOv ucl 12 24% May 43 V Dec
1U4V 105
Do pref........................
4
9,010 OSJ J’ly 3 L13% Jan 2o 90% May Lu7 l)eo
*38 S 41V Virgi ma7 CaroUna Chera.. 12,60*/ 31 JTy 3 58 J an 2 28% Sep 68% Deo
*106 s i 10
Do pref.......................
100 104 JTy 3 117V Jan 2 i03 % May 118% Dec
75
77 Virginia Iron Coal & C ..
8,525 38 May 2 78 v Nov22 36 J ’ ne 52 V Fob
297 302
VL ells Fargo 6c Co.......
215 233 Mar23 305 Oct -6 $220 V Dec 260 Feb
87V 87%
est’ n Union T ele’ gph
7,65o 85 Nov26 91% Jan 26 92 Jau 95 V J'no
♦150 157 West’ gh’ seE i AM lgassen
148 Augdui 176 Jan 5 152 May 184 Apr
♦167 135
Do Istp ref...
162 Nov lb* 188 Jan 22* L*7 % i >eo 197 Apt.
20
43 V
*35
*16 V
*38
22 V
*26V
•51

19V
43%
40
17V
38 V
23
26V
52%

-275 300 *276 300 -275 300 $285 285
16% 17%
17 V 17V
17 V 17 V
l i h 17V
44 V 4 5 s
46
46V
46V 46V
-44 V *9
112V 113V 112% 113 V
112 113V 111 V113
*25
26 S
26 V 26
•35
2 5 V -25
25V
92 V •91V 94
•91V 94
•87
92V *87
24
24
24 V 25V *24
•24V 25
34*8
87 V *......... 87V
•........ H7 V * ......... 87 V *
44
43V 44 V
44 V
44
44V
43V
1U IV 10IV •101V 102
•101V102 * 101V 102
33
33
33
33 V
33V
re 'a 32 J, 32
95
*yo
95
*90
*90
95
•90
94
-240 246 *210 245 *240 245 *240 245
-9
9V
•8V
9V
•9
9V
*8 V
yv
-6
6V
6V
6V
*6
6V
6V
6V
27
27
27
37
27 V 27 V
27V 27v
88 V 89
88V 88%
38 V 89V
88V 89%
19
19
*18
19
*1SS 19
•IS
19
•38V 40
*08 V 40
*38% 40
•38V 40
7 iV 75 V *7 4 V 73
74 V 75
74V 75V
112 112 $112 112
•m v i i ^ v *111 112
*8 V 4
*3 V 4
*3V
4
*3%
4V
*25
27
*25 V 37
*25 V 27
•25V ^7
29
*26
30
*27
* 26
80
•27
30
62
*69
63
*69
*58
62
•69
62
*
.
-93 V 93V •92V 93 V *92 V 93V •re1 a s 1
15 3l« 1 5 4 ‘<
163 V 164 v 153V 155V 163V 155
I16 116V 116 116V
116 116
116 U 6
*200 240 *2oo 240 •200 240 •200 240
*101 190 *101 lUo *101 105 *10 L 105
10«3 103*
10 V 11
lu v 11
POV K>7
*
47
46
$46 V 46V *46
46V
46
47
1S4 i*136
134 V 135V 13o V loo V 135 135%
*130 135 •loU loo •130 135 *130 136
136 V 136V 136 136 •136V 139
•135 139
U
*98 1U
98
93V
•98 100
98 S 98 V
34V, 35
34V 36V
35
36
35
36
>ll)2 104 *102 104
103 103 V
*102 104
276 278 V 278 281
278 V 280V
276 V 379
105 V 105 V »lUo 120 ♦105 120
•105 120
16V •lo»4 164,
*16
16V •15V 16 V *16
•45
56
•40
56
*40
66
•45
66
3?34 37V *37V 38
*37
375b
37V 37 V
102% 102%
1102V i02V 102 103 v 103 103
64
54V 65V
64V 56%
55 V
54V 56v
*79
•8L 100
90
*79
99
*81 100
28
29V
27 V 30V
27% 28V
27 V *39V
*138 139 *137 V 137 V 13 7V 138 *137 V 138 s
22 sc 23 V 22V 23V
22 U 223a
22% 23 V
•81
^2
81V 82 V
»1V 82 ” h iV 82V
70V 70V *70
71V
71V 71%
71
71
SO * ___ _ 80 ♦. „ H
•
Kft
O
174 178V 177 178 •175 180
•ieo 174
99%
V
99
98
98
y9V
98V 08V
175 V 175V 176 V 177
175 > 176 H 175 177
a
t
18V 18V *18
18V 18V
18V
*18
19
82
81V 81V •Si
*81
82V
*81V 82V
•50V 59
*60V 59
•50*4 59
*5UV 59
•42
45
*40% 43
40V 42V •40-a 44
-81
-81
83 V
33 V *81
83V
*81 ~ 83%
77 V 77 s
77 V 77%
76
77V
77
77V
74V 74V
• V 74 V 74V 75V
74
*74V 75
* ......... 117 V * ____ 1L7 V * .........117 S
•116 117 V
16
16
16V *15V 16 V
* 15
16 v *15
*84
87
*83 V 87
*84
87
85
85
76
77
76V 76 V
76
76
75V 76V
*10IV U 2V ♦101 V lu2v ♦102 102V 102%102%
143 1447g 144 144% 141% 144%
*140 146
•88
9 1 V 88 V 8o%, * ____ 91
89 V 89%
*38
39 V 4LV
39
39
39 V
41
41V
91S 92 V
92 V 93
91% 92%
93 V 93*4
17
17
17V *17
18
17
18
17V
60
59 V
69
591, 60 ^
60V
59
59
64
61
58V 54
5 4 V 54
54V 54%
yy
99% 100
$97V 97V *9 t V •Jasj 98
267 267
256 V 250% *254 ____
•256 259
53
53
5 : V 53
53
53
53
53
160 1U0 ♦luu 100 V 10JV100V
loo loo
37
37%
37 V 33%
37 *2 37 V
38
38 S
lOu v 1**1 V 10 L luiw 101 101 v 101V 101V
75
75 V 76
76 H
i
*75 V 76 V
•5 V 7 5 V
108 108 •lui n o
•105 108 *104 108
160 161 c, 161 162
•155 160
161 165
36 V 86 V -85
87% *86
87 V
87V #7V
8%
8*3 fcV
8V
9
9
60 V 60V
60 V 6 0 s
60V 61
60
60
4oV 48 s,
46 V 46 V
47
47 V
47V 47%
89
80%
*87V **% ♦......... 90
88V 89
•115 120 * llo 1*0 *115 120 *115 120
*s8
90
88 V 89
-85
89
•88V 90
*28
3U
*28
30
•27 V 29 V •23
71 v *70
72
•70
7 1 v *70
*70
72
52
52
6 IV 62 V
51V 6 -V
51% 51V
107 V 107 V * 107 V 108
• 107 V 193 V 108 I08
$79
79
•76
79
•76
79
•76
79
4 <V
47 V 47V
47
47 V 48
47 V 48
106 105
104 V 164V 104V loo
104% 105
37 *, 39
39
42
37V 37V
41
42V
110
llo
*106 ■ 110 •107 110
s
*105 llo
73
75
75 ^ 7ti'e 76
74
75
77V
•290 300 *290 300
*290 302 *290 302
80
86
85 V 85 V
85 V
87 V
87% 88 V
*155 158 •162 160 ♦150 160 *160 160
*167 185 •167 105 •167 135 *167 165

I
.Voles o>
UIA
1 Week
! Shares

200
Twin City Rapid Transit.
Do prof........................
186% 187% | Tmon 1?acitic................... 509,451
350
*92
93
vJ Do pref.......................
46
04 V 64S Unit Ryslnv’t of Sau Fran
6O0
71
71
Do prof........................

*109V 110

16 6 v i 4 . v
92 s 92 V
64 V 64 V
71
71V
19%
43
•36
16V
38
*22
*25V
•51V

•STOCK.N E W VO IIK STOCK
EXCHANGE

1331

20%
43 V
40
17V
40
22 V
26s
53

BaJN'KS AND TRUST COMPANIES—BROARR.S’ QUOLAlTONS
Trust Co’s Bid Ask
Trust Co’s Bid 1A etc
Trust Co% Bid A sk
Fifth Are Tr 550 570
BROOKLYN
Mut. Alliance1210 220
BROOKLYN
Fulton.......... 3 tO 330
N Y J,iIeA IT 1090 1030 BrooKiy'ri Tr 1410 i.......
N. Y. CITY
Guaranty Tr
Citizens’ ....... 150 jl 65
New York Tr 725
520
........ First............. 390
Flalbush___ 270
Bankers’ TrJ 570 IPO ‘ (i uardiau Tr 2J8
StandardTrT 415
130
......... Home Bank* 160 1
Bowl’ gGreen 110 •r
-0
Hudson....... 100
Franklin___ [325 '350
1'itleGu A Tr 565
Hannlton___ 330 350
, .'ianufactrH*. UO ' ........ Broad wayTr.l 1^5 Il6i ! Knick 'rb’k’r 1150
Tr Co of Am. 740
Mechanics*.. 290 M05
Central Tr’sfl 2«»0J 2u0 Law T 1 <fcTr 275 285
union Trust 1340 1360 Home........... .......185
Nassau........ 250 ^60 . Colonial....... | '80 1'9 >
Lincoln TT... 3 0
.lenkiDH....... 209 1
,00
___
IJ S AlLg A Tr 445
BROOKLYN
1Nat City___ 3IX) i....... Columbia___|*2i0 |250
Maniiatian .. 470 490
Kings Co___ 430 .......
U nit Slates . 130 )
North Side* . .......4*0 , Commonw’thl ....... *5
Mercantile..
L 1st L 6c Tr. 300 ___
*»50
Van N ’denTr 00 310
Borough^___ 160 . . . . . . i Prospect Pk* 150 165
Nassau......... 205 ! ..
Empire........ 310 320 i Metropolitan 505 575
Washington. 400
Broanway^ .. ;uu . . . . . . Terminal___ 1 i‘ » 1........ Equitable!': i »5 15/
MortouTruai ; oo 800
Peojde’s ..
325 '350
215 230
Windsor...
Brooklyn* .. 135 145 |U mon* ........ 228 J38 j Farm 1,0A li|l36d| 139m| M in uai ......... ...... 130
i
>Williams!/tr. .2 0 |
.......
} Bid and a* d prices; no Hales on this (lay. $ Less than 190 shares. t Ex-rights. b New stock, c Ex-dividend and - ghu.
•Sale at. Stocx: hxchange or at anotion this week © Ex stock dividend. x Trust Co. certificates. «} Banks mancod with .a paragraph Oj) are State banka.

Bank*
Union Exch^
U S Excha’c’
WaHln H’J
jift*
West Side* .
YorkviileV .

Bid
222
125
225
600
490

A sk
228
ISO

Bank**

B id ! A sk | Trujit Cos.

Bid

A sk

New York Stock Exchange—Bond itecord. Friday. Weekly and Yearly
uom

>s

N. Y. STOCK EXCHANGE
W kkx E h drkj Nov 30
t

■ Si
K

U. ?% tiiovfrn»i»efli
U S 2s eonsol registered, d103'• Q - J
V S 2s consol coupon---- did‘ 0 Q-J
6
U S 3ft registered........... kldl Q**
U S 3s coupon..................fcl91b Q-Y
U S 3ft reg email bondfl..tel9n si-*
U S 3a con small bonds.,fcl91.8 Q - l
U S 4ft registered........... h 19.07 Q •
J
U 8 4s coupon « . . . ......... ft1907 Q-J
U S 4a registered............1926
U S 4a coupon................... 1926 b
T S Pen Can 10-30 yr 28.7*1’ 3 Q-N
J
.
PhiUnnine islands 48.1^14-34 >■ ^
Pub v k ' aid imp re? 4s 193' Q-S
Pub wks and Imp reg.--1930 Q-F
Foveisrn Government ♦
Japanese Govt 6s sterPg-1911 A-O
2d series 6s.....................1911 A-O
£ loan 4ks ctfs full pd. 132-6 F-A
2d series 4ks ctfs lull paid. J -J
£ loan 4s ctfs full paid.. 1931 J - J
Repubof Cuba 5s exten debt.. M-JS
U S o£ Mexico s t g 5a of 1899 Q-J
Gold 4s of 1904...............1954 J-D
U
State Securities
Alabama cnrr fund 4 s___1920 J-J
Diet of Columbia 3*658___1924 F-A
Louisiana new codsol 4s.. 1914 J-J
North Carolina consol 4s.1910 J -J
6 8 ...,.......
1919 A-O
Bo Carolina 4 ks 20-40....... 1933 J-J
Term new settlement 3s.. 1913 J -J
Small..... ............................... J -J
Virginia fund debt 2-3S...1991 J -J
6s deterred Brown Bros ctfs.
Railroad
A labama Cent See So Ry
laba Midi See At Coast Line
Albany 6c Susa See Del<fc Hua
AJiegheny Valley See Penn HK
Alieg & West See Bull H & P
Ann Arbor 1st g 4s........ft1995 Q- J
Atch T 6c S Fe—G-en g 4s. 1995 A-O
Registered................... .1995 A-O
Conv g 4s...............
1955 J-D
Warrants for 50-yr conv 4s..
Adjustment g 4s......... ftl99f> Nov
Registered ............... ft199 5 Nov
Stamped.................... ft1995 M-N
Debentures 4s Series E.1907 F-A
Series F........................1908 F-A
series G........................190V1 F-A
Senes H...................... 1910 F-A
Series 1........................ 1911 F-A
Series K....................... 1913 F-A
East Okla Div 1st g 4s.. 1928 M -S
Atl Knox 6c N See L & N
Atlantic Coast 1st g4s.ftl952 M-S
Charles & Sav 1st g 7a..1936 J-J
Sav P & W 1st gold 6s.. 1934 A-O
1st gold 5s...................1934 A-O
Ala Mid 1st gu gold 5s ..1928 M-N
Bruns 6c W 1st gu g 4s ..1938 J-J
L 6c N coll g 4s........... ol952 M-N
Sil Sp Oca < G gu g4s ..1918 J -J
&
Atlantic 6c Danv See South Ry
Austin & N W £feeSou Pacific
T
B ait 6c Ohio prior Ig3ks.l925 J-J
Registered..............ft192 5 Q - J
Gold 4 s........................ ftl948 A-O
Registered............. _ftl94S’ Q - J
P Jun & M Div 1st g 3ksl925 M-N
P L E & W Y a Sys ref 4sl941 M-N
Southw Div 1st g 3ks...l925 J -J
Registered............... ft19 25 Q - J
Monon Riv 1st gu g 5s.. 1919 F-A
Cen Ohio R 1st c g4ks..l930 M-S
Pitts Clev 6c Toi 1st g 6s 1922 A-O
. Pitts & West 1st g 4s...1917 J-J
Bat Creek & 8 See Midi Cent
Beech Creek See N Y C & H
Bellev & Car See Illinois Cent
Bklyn 6c Montank See Long I
Brims 6c West See Atl Coast L
Buffalo N Y & Erie See Erie
Buffalo R & P gen g 5s... 1937 M-S
All & West 1st g 4s gu..l998 A-O
Cl 6c Mali 1st gu g 5s___1943 J -J
Koch 6c Pitts 1st g 6s... 1921 F-A
Consol 1st g 6s............1922 J-D
Buffalo & Southwest See Erie
Baft'A Susq 1st ref g 4s. £1951 J - J
Bur U R & N See C R I 6c P
Cfanacia South 1st 5s...... 1908 J-J
>2d 5s........ .....................1913 M-S
Registered.
............1913 M-S
Carb 6c Shawn See X Cent
U
CaroLina Cent See Seab Air L
CarthageAd See N Y O & B
Ced R Fa F & N See BORA N
Cen Branch U P 1st g 4s... 1948 J -D
Cen Branch Ry See Mo Pac
Cent of Ga RR 1st g 5s._#1945 F-A
Consol gold 5s................ 1945 M-N
Registered................... 1945 M-N
1st pref income g 5s_ #1945 Oct
_
2dpref income g os_ #1945 Oct
_
3d pref income g os_ #1945 Oct
_
bhatt Div pur mon g 43.1951 J-D
Mac 6c Nor Div 1st g 58.1946 J-J
Mid Ga 6c Ati Drv os___1947 J-J
Mobile Div 1st g 5s...... 1946 J-J

Isrice
Frida/H
X ov 30
Mia

Week* 8
R a n g e or
L a st S a le

A 8 > L ow
c

L04
104 k
103 k
103 k
107
104 k
m o v i o l a 102 k
i 0 j c L02
.
102
"180 ^ 13 i 130k
! 30 42131
i 30k
104 1C5 ‘ 05 k
109 ^ ........ 111
I031i 103;b
1034, 104
102‘ 4 103 ^
4
103 103 ^2

Mon m
So'ci

O CCU PYIN G

KOOK

RONDS

R ange
S in c e
J a n u a ry J

H iqh Lie Ixno

N ov’ 06 .... 103 k
N ov’06 . . . . 103
A ug’06 . . . . 102k
Oct *0»i . . . . 102
J ’2ie‘U2
Oct ’05
Nov ’O'102
N ov’ O . . . . 102
C
1129
n . ’06
V
_ 129k
N ov 06 _
Oct ’ 06 ....| i.05k
May’ 06 • H 108k

N. Y. S T O C K E X C H A N G E
WKKK E nding N o v 30

//w/<
105 k
104 k
103k
H)4k
103k
104k
131k
132 k
105 k
HI

97k
97k
97
97 k
92
93
91k
92k
83 k
84
103
103
97 k N ov ’ 06
95 k
95 k

111
......... 117 k
105 k
LOi ........ 101
128 132 122
120
96k
973s 99
95 k
95 ......... 95 k
24
20
24

M ar’02
J ’ne’Oo ___
D e c ’04
J ’ly ’ Ob ___
J ’ ne’ 06 . «••
M ar’O
O
A ug’06 . . . .
Dec ’04
Oct ’06 ___
Oct ’ 06

93 k
100k
100k
106 k
104k
92k
95
92k
99k
99 k
100 k
96 k
98k
94
95k

N ov’ 06
101k 6b
100k
8
108 k 498
Oct ’06 . . . .
3
92k
Sep ’05
92*4 3b
May’1*5
O c t ’06
Jan ’06 . . . .
Oct ’ 06 -- - *
N ov’ 04
94
1
A ug’06 —

115

93
93k
101 Sale
100 101
108k Sale
••••••
92
93
92
93
100 k .........
983 100
4
97 .........
96 ........
9 4 k .........
94 Sale
95 k ........

117k 118
101
122

101
122

95k

963«

94 k
20

903«
23 k

90
100
99 k
100k
100 k
91

99
104 k
103 k
HOk
108 k
97\

91

97

Sale

101 Sale
101 .........
89 k .........
95 k Sale
91k Sale
8 8 k .........
105 k . . . . . .
1 0 0 k ........
112 .........
96 .........

* 1 1 7 k .........
1 0 0 k .........
113 _____
1 2 2 k .........
1 2 5 k ....... .

98*4 99 k
100 k 1 0 0 k
96k 96k
94
94
95k101k

98

Sale

93k
94 k 33 9 2 k 97k
95 J ’ ne’ 06 ... 93
95
101
l u l k 109 100 k 105 k
101
101
3 99k 103 k
89 k N ov’ 06
89 k 92
95
96k 13 04 k 99 k
91 k
91k 22 89;k 93
89 Oct ’ 06 ___ 8 8 k 89
1 0 8 k J ’l y ’ 05
109 A p r ’ 05
119k Mar,04
96 Oct ’ 06
95 100

118k N ov?06
101k A ug’ 06 - - - 103 A p r ’ 97
124 A p r ’ O
O
125 k 125 k
i
98

98

18

1 1 6 k 119k
LO I k 101k
124 124
125 k 128 k
9 5 k 99k

102k 34 1 0 0 k 103
1 0 2 k 102 k 102
1 0 4 k 104k 104k N ov’ 06 •••• lG 3 k 10834
103 105;k
1 0 3 k ........ 103 N ov ’06

......... 95

95

118 . . . . . . 119
.........111k 111
113
89
89 Sale
75 ......... 7 o k
........ 71
70k
91 ......... 93
109 k ........ 115 k
109 ......... 115
1 0 9 k ........ 115 k

95

1

May’ 06
111
16
A p r ’06 ••••
89
4
2
75k
1
70k
J’ ne’06
D e c ’06
N ov’ 05
A ug’ 05

90

95

119
109k
113
89
75
70
93

Week* s
R a n g e or
L a st S a le

A 8/ L ow
i

VI-N 104k
J-J 1 2 8 k 130
126 sale
1Ilk
t.i
107 k
j -j
M-N 100*4 Sale
Q-M l o o k 10 L
M-S

V
*
T^

Range
Sxnce
J a n u a ry 1

Jiig/i S o . L ow

H ig h

106
106
128 k 128 k
126
K’6
111 N ov’ O
O

2 106 106
4 12534 132
1 125 k 1 31k
L llk 113

lo o k
100°8

1 102
1 100

100*4
100k

102 k
102 k

O
102k 105 103 N ov’ O
101k 106k
105 k ........ 105 N ov’or*
105 110 k
2 116 119k
116 k 116k 116 k 116k
116 J ’ne’06
i. 14 k 116k
i o 5 k Sale 105 k 105 k 19 103 k 109
104 MayT»b •••• 104 105
104
112 F e b ’ Oo — L12 112
103
103 Sale 103
4 100 103 k
96
95 N ov 06 —
98
95
96*4
105
113 k F eb’05
____ 9 9 k F eh ’ 06
93 k
99k 99k
79 k 80 k 80 -2 N ov’ 06
773 78
4
1 1 76k 82
78
78
80 k May’ 05
101 “ 101
4 99k 1 0 2 4
lO uk
93
9 3 k 93 k
98 k 24 91
95 k
90 S e p ’ 06 __
91*4
90
90
103k sale 103 k 103 k 113 101 106k
110^-4 Jan ’ 05
100 k
100 k lO ok ” ’i ! 96*4 102*4
101k
102 N ov ’ OO
102 107
104 l4 May’ l>6
— 104k 104k
LO
O J ’l y ’ 06
98 100
103
105
44l
107*4 N o v ’ 06 . . . .
92 o ’c i ’ 06
103 k
103 k N ov ’O
O
132 Oct-’ 66 . . . .
131k
117
1 1 6 k 117k 117
l l s k F e b ’ oC
114
115 J ’l y ’06
102

108

102 k 107
107k 112 k
92
96k
102 k 104k
120 k 139
116 k 120
11 8 k H 8 k
114 k 118 k

128
4 128 137
128 k 130k 128
113 k 115 114 k J’ ne’ 06 . . . 113k U 4 k
105 k Sep ’06
105 k
105 k 108 k
106 Oct ’ ut . . . . T 6 108 k
108k
108
108
1 105 k H I
108
105 104 k O c t ’ 06 ••»• 104 k 104k
92 k 94
93 k
93 k
V 9 1 k 97
j
115k Oct ’05
11 1 k
114 k
112 k Oct ’ 06
112 118 k
1063
4
108 A pr ’06 . . . . 107 k 108 k
28 ) I l k 115
1 1 2 k 113 112 k 1 12 k
108
110 J’ ne’06 . ..J [107k 110k
123 k
137 k J slv ’ 99
110
110 O c t ’ 06 ’ ll! 110 113
103
106 A ug’ U
4
182 k A p r ’O . . . 182 k 182 k
O
nok
111
111
1 ! 111 1 1 3 k
103 k
106k A p r ’05 . . . .
107 108 107 N ov’ 06
106
104k May’Oo
104 k lO o k
112 U c t ’ 06
112 k
112 115 k
107 k
106 Aug* 06 ..
106 10Sk
112k
115 F eb ’ 06 . . . j 115 115
i 20 k 122 k 121 N ov ’ 06 . . . . U 9 k 126
102
101*4 N ov’ O ___ 101*4 105 k
O
99 k
l o l J ’l y ’ 06
101 102
95
1 95 1 0 0 k
1
96 k
96 k
96 N ov ’ O ___ 96
O
96
111 O c t ’06 •••• 111 113
_ 1 1 4 k ll4 k
119 1 14 k F e b ’ 06 _
106 k
106k N ov ’O ___ 106k 109*4
O
......
107 k J’ne’U ___ |107k 1 0 7 k
O
101k
102 N o v ’Ob . . . . 101 104k
101 S e p ’ 06 .... 101 101
106
107 k Nov ’06
105 k 112 k
i0 8 k Jan '04
114
113k 113 k
1 113 117
117 F e b ’06
117 117
102
102
105 k D ec ’ 07
102
1 0 1 k Sep ’ 06 - ••. l O l k l O l k
100 'a
101k N ov ’ O ... 101*4 102 k
O
122
1 2 3 k S e p ’ 06
122 k 126 k
116 k
116 k Oct ’ u6
1145 118
8
126 k
142 k Feb ’ 02
127 k
1*28 k F e b ’06
Mich Div 1st g 6s........ 1924
128 k l'2 8 k
100°a
101 Oct ’ 06
101 101
Convertible deb 5 s___11*07
98
109 Sep ’ 03
Incom es....................... 1911 |W
-K
Chic R ock Isl 6c Pac 6s. ..1917 J -J l l t t k i l9 % 119 k Oct ’ 06 . . . . 1 1 7 k 120 k
R egister ed.....................1917 J-J 117 k
118k N ov’06
117 k U 9 k
General gold 4s................ 1988 J-J l u l k 102 k 101k 102k 85 99 1 0 3 k
Registered..................... 1988 J-J i01
99 102
10 j 3 Sep ’ 06
4
9 2 k Sale - 9 2 k
93 176 9 2 k 97
R efunding g 4 s .............. 1934 A-O
94
97 J’ l y ’ 04
Coll trust S en esH 4s ..1 9 1 o M-N
92
92 k N ov ’O
O
J 4 s ............................... 1912 M-N
92k 92k
89 k
96 N ov’ U
u
M 4s.................................1915- M-N
M-N
93 May’ 04
N 4 s ................................ 1916
88
O 4 s................................. 1917 M-N
39 k May’06
89k 89k
90 May’ 04
P 48.................................1918 M-N
88 k
78 Sale
Chic R, I 6c Pac R R 4 s ..2002 M-N
77 *4
78
48 75 k 8 1 k
. ^^^
79 Dec *05
R egistered.................... 2002 M N
92
Coll trust gold 5 s.........1913 M-S
92 k 92 k
92 k 12
93 k
Bur Ced R 6c N o 1st 5 s .1906 J-D
102 k May ’ 06
look 102k
Con le t Sc col tr g 5 s ... 1934 A-O 115 k
116k N ov ’ O
G
116k H 9 k
R egistered..................1934 A-O
120 k Mar’03
C R I F ^ N W 1st g u 5 s. 1921 A-O 107
111 N ov ’05
M 6c St L 1st gu g 7 s ..1927 J-D
109 N ov’ 06
Choc Ok 6c G gen g 5s .o !9 1 9 J-J
105 i o 6 5g
Consol gold 5 s..............1952 M-N 108k
111 May’06 ___ 111 111
i ’0 9 k 105k N ov’ O — lu 5 7s l l l k
K eok 6c Des M 1st 5s___1923 A-O
O
Chic tst 6c N O See 111 Cent

97 s4 Sale
97k
973 28 9 7 k 102k
*
1 4 9 k .........
1 2 8 k ......... 132 k Jan ’06
132k i3 2 k
114 . . . . . . 112k Jan ’ 04
1 1 0 k ........ 11458 N ov’05
2
9 4 k ........ 39 V M ar’ 06
99k 99k
90
9 0 k 69 90
89k 90
95 k
9 6 k ........ 97k A u g ’ 06 . . . . 953 93 k
4
94

£ l

Rricefrid a y
JS'ov 3 0
H
ul

Oen R R 6c B of Ga col g 5s 1937
Cent of N J gen’ I gold os. 1987
R eg istered ..................ftl987
Am L ook 6c Imp gu oft.. 1921
Le & Mud R gen gu g 5 s 1920
Leh < W ilk s E Coal 5 s.. 1912
fe
Con ©xt guar 4 k s ___grl9iu
N Y 4c L ong B rgen g 4s 1941
Cent Pacific S ee So Pacific Co
Clias 6c Sav S ee A tl Coast Line
OheB<fc Ohio g 6* eer A -.A 1908
Gold 6s............................. al911
le i cow iol g o s ..................1939
Rfjgwterrcd..................... 1939
General gold 4 hafl.............1992
R egistered.................... 199 2
Craig V alley 1st g 5a___1940
R < A D iv lfit con g 4 a .. 1989
fe
2d ctmaol g 4 s................ 1989
Warm Spr v a l 1st g 5a.. 1941
Greenbrier Ry 1 stg u g 4e ’ 40
Clue 6c A lt R R ref g 3 a ...1949
R a il w a y 1st lien 3 k e ... 1950
R egistered..................... 1950
C hic B url& Q— Denv D 4s 1922
lUinoie D 1 v 3 k s .............. 1949
R egistered..................... 1949
Go hi 4s............................1949
Iow a D iv sink fund 5 s.. 1919
Sinking fund 48.............1919
N ebraska Extension 48.1927
R egistered..................... 1927
Sooth western D iv 4©___ 1921
Joint bonds See Great North
Debenture 5s................... 1913
Han 6c St Josconaol 6 s ..1911
O h ic & E E llref < imp g 4s 1955
fe
1st s f cur 6 s................... 1907
leteoB »ol g 6 s..................1934
General o o a s o lls tS s ___1937
R egistered..................... 1937
Chic & in d C Ry 1st be.1936
Chicago 6c E rie See Bri®
C h ic In. & Louiev re< 6 «...1 9 4 7
R efunding gold 5 s.......... 1947
L ouisv N A & Ch la t 6s. 1910
Chic Mil 6c 6 t P term g 5s 1914
General g 4s series A ..« l$ 8 9
R egistered....... .......... e l 9 80
Greneral g 3 ^ series B .el989
Chic 6c L Su D iv g 5s___1921
Chic 6c Mo R iv D iv 5 s ... 1926
Chic 6c P ac D iv 6s.......... 1910
CMcc& P W 1st g 5s....... 1921
Dak 6c Gt So g 5s.............1916
Far & Sou aesu g 6s....... 1924
H ast & D D iv 1st 7 s....... 1910
1st 5s............................... 1910
I 6c D E xten 1st 7s.........1908
LaCroane & D 1st 5e___ 1919
M ineral P oint D iv 5s___1910
So M inn D iv 1st 6e.........1910
Southw est D iv 1st 6s___1909
W is 6c Minn D iv g 5«___ 1921
M il 6c N o 1st M L 6s. ...1 9 1 0
la t consol 6s............
1913
C hic 6c N orthw cons 7 s ___1915
Extension 4s.........1886-1926
R egistered.......... 1886-1926
i
General gold 3
1987
R eg istered ................. #1987
Sinking fund 6 s ...1879-1929
Registered...........1879-1929
Sinking fund 5 s ...1879-1929
R eg istered ._____1879-1929
D ebenture 5 s . . . .............. 1909
R egistered....... ............. 1909
Debenture o s ................... 1921
R egistered..................... 1921
Sinking fund deb o s....... 1933
R egistered..................... 1933
Des Mo 6c Minn 1st 7 s ..1907
N orth Illinois 1st 5s___1910
Ott C F 6c St Paul 1st 5s 1909
W inona & St Pet 2d 7s. _1907
M il L S 6c W est 1st g 6s 1921
E x t 6c Im p sfund g 5e 1929

143 06k 1 0 1 k
76 96 k 101k
288 90 k 95 k
set 89 k 9 3 k
123 82
88
12 101k 108
. . . . 97 e8 101 k
1 92 k 96
hese a r e p r ices 0 n th e b a s u o f $5 to «£.

t 97 \ Sale
t 87
97 H
i 92 s4 Sale
j 92 6 Sale
*
t 84
84C
*102^103
% 97?8 98k
95 Sale

PAGES

121
114k
113
99
93
91
94k

•HISCELI jA N E O U S BO N O S—C ontinued on N ext P a^ e.
S tr e e t l^ n ih vay
B rooklyn Rap T r g 5 s.„...1 9 4 5
1st refund convYi 4 s ___2002
B kO ity 1st con 5s. 1916.1941
Bk QCo<& S con g u g 5s. 1941
B k lyn Un El 1st g 4-5S.1950
Stamped guar 4-5s___ 1950
K in gs Co E l 1st g 4 s ....1 9 4 9
Stamped guar 4 s _____1949
Nassau E lec gu g 4 s ___ 1951
Conn R y & L 1st 6 c ref g 4 ks ’ 51
Stamped guar 4 k s .........1951
Ben Con Tr Co 1st g 5 s ...1933
B et U nited 1st con g 4 k e .l9 3 2
H avana E lec consol g 5s. 1952
Inter-M et coll 4 k s . .......... 1956
Internat T rao coll tr 4 s.. 1943
Lom s Ry Co le t con s 5 s ._1930
'
v 1st & coll 5s. 1
Manila E lec XVJV W W 1 A V C . 1953

1

A-O
J -J
J -J
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J -J
A-O
J-J
F-A
A-O
J -J
J-J
IW- K
* J
M-S

N o p n e e F rid a y ; la te s t p rice th is

105 .........
98*4 94k
.........109
10 Lk
____ _ _____
. . . «...
87
90
8 9 k 90k
85 k S53
4
104 k ........
1 U2 3< ........
.........
.........
82
.........

93k
92 k
Sal<‘
80

......

98 C

5 hum 105
94 k 11 92
Oct ’ 06
105
100 Oct ’06
100
107
107*-.
6 10 5 k
110 Feb *36 . S r *
i
31 S e p ’ 06
90
89 k
89 k
5 89
85 k
853 58 85
4
103k N ov ’ O
O
102
103 k N ot’ 06
95 J ’ ne’ O
O
9 3 k Oet ’ 06
93 k
92 k N o v ’06
92
8 Ik
82 k 690 80*4
7 9 34 Sep ’ 06
79
109 Mar’98
98 May’ 06
9S

105
94
105

w eek .tbD a e j a n

a

Due A pr

Street R ailw ay
Met St Ry ge® ool tr g 5s. 1997
Ref g 4s............................ 2002
100
BwmyJfe 7th A v 1st eg 5s 1943
107
Col6c 9th AV 1st gu g §8.1993
104
113k H L e x A v A P F Istgu gS s 1993
n o ij Third Ave RR con gu 4s 2000
95 ! Third Av© Ry 1st g 5s.. 1937
96k S Met W S El (Chic) l* t g 43.1938
89 k MU El Ry 6c L 30-yr g 53.1926
103 k Minn St Ry 1st con g 5 s ..1919
103k N Orl Ry Sc Lt gen 4 ^ s ..1985
St Jos Ry L tH < P ls t g
&
’37
96 k St Paul City Cab con g ts_1937
95k Underground of Lon 5 s ... 1^08
90 C Union El (Chic) 1st g 5s.. 1945
84
i United RRs San F r sf 4s. 1927
United Rys St L 1st g 48.1934
i o d m W Chic St 40-yr con g 5s. 1936
tfto

eD ae

M ay

^ D u e J ’n e

ftD u e J ’ ly

fc D u e

F-A 108 108k
A-O ......... 34k
J-D 1 1 2 k 113k
M-S 114 116
M-S 1 1 3 k 115k
J-J
91
.......
J-J * ........ 116k
F-A
91
92k
F-A l o e k i i i
J-J
J -J ......... 90 k
_
M-N
J-J
J-D
9 4 k 95k
A-O
8 1 k ........
A-O
J-J ......... 87
M-N
Aug

o D a e U ct

9
108
108k
38
83 k
85
113 N ov’06
115 O c t ’ 06 ...
113 k Oct ’06
90 k N ov’ O
O
2
115k 115k
93 k J h y ’ 06 . . . .
109 J ’l y ’ O
t:
107 k FeO’06 - % 90 k Sep ’06 . . . .
103 k N ov ’O' ....
110 k N ov’ 06 ...
7
95
95 k
106 k J ’ly ’ 05
83 k N ov’06
86 k N ov’ O ___
O
99 D e c’97
# Due N ov

108 117
S3
92
110 116*4
113 119k
112 116k
90
95 k
1J 5 k 110
93k 93k
109 109
L 0 7 k l0 7 k
S93* 9 2 k
103k 103k
llO k llO k
93 k 9 8 k
71
90
83k 88k
o^

s O p tio n

Sate

New York Bond Record—Continued— Page

D e c . 1 1906. J

N. Y. STOCK E XC H A N R K
W eek E nding N ov 30

J Z
O
K
-*
-i*''

Chic St L cj Pitta See Penn.Ci
V
Chic St P M < O con O s...103 d j _^
&
>
Cons Os reduced, to S 4 s . 1930 j_ p
Oh St P ib Minn 1st s Os 191s rw
i-N
N or W isconsin 1st 6s...l93(> j . j
St P cfc S City 1st g 0S...19U'* a -O
Chicago T e r Trans g 4 s ...1 0 4 j . j
Coupon o i l ....... ......................
Clue ib W
I ml gen g Os q 193V
Consol 50 year 4 s ............195*2 j_ j
CineiV \V M ich See Fere Marq
Choc O ib G uLf S ee C K I it P
Cm H ib D 2d gold 4 4 ©-.-1937 j . j
Cui D «fc i 1st gn g 6 s ... 1041 r*-N
C Find ib Ft W 1st g u 4 s g.’ 25 M.-N
Cin 1 ib N 1st sru g 4 s .1953 j . j
V
C 1 St L lb O ^ C C C i f c S t i .
Cin S & C S ee C C C S t L
Clear held < Mali See B K ifcP
&
Clev Cm C ifc St L gen a 4s 1993
Cairo D iv 1st gold 4 s___1939Cin W < M D iv 1st g 48-1991
fc
St L D iv 1st ooi tr g 4s ..1 9 9 c
R egis 161*00..................... 1990
Spr it Pol Div 1st g 4 s.. 194o
w W Y a l Div 1st g 4a...I94i>
C 1 S t l «fc C consol 6 s.. 1920 f*-jh
1st gold 4s.............^ ..fc l9 3 0 q . j
R eg istered .............. &193(> Q-F
Cm s ifc Cl oon 1st g 5s. .192-8 J . j
C C C < I co n so l78.........1914 j . j )
fc
Consol sink fund 7 s ___ 1914 j . p
General consol gold 6s. 198 4 j . j
Registered..................1934 j . j
Ind B l ib \V 1st pref 4 s .1949 * . q
O Ind ib W Is* pf 5 s ...t il9 3 b q . j
P eo ib East 1st c o n 4 s ...1940 a -0
In co m e 4 s...................... 1994) ^ pp
Cl Lor <b W h oon 1st g 5 s.1933 a .-q
Clev < 31 arietta See Penn RK
fc
Clev ib Mahon Val g 5 s ... 1933 j . j
Clev «fc Pitts S ee Penn Co
Col M idland 1st g 4s_____1947 j . j
Colorado < Sou 1st g 4 s ...1929
fc
Coimn <b Greenv See So R y
Col 6s H ock Val See H ock Yal
Col < T o i See H ock Y a l
fc
Col Conn < Term See N < W
fc
fc
Conn < Pas R ivs 1st g 4s. 1943 A-O
fe
ak ib Gt So
C
D alias <fc W acoSee eeM & St P
S M K & T
Del Lack < W estern 7 s ...1907 >1 .3
fc
M o m s & Essex 1st 7 s ...1914 m -N
1st consol guar 7s....... 1915 j _d
Registered..................1915 j . j )
1st ret gu g 3 4 s .......... 2000 j _□
N Y Lack cfc W 1st 6 s ...1921 j . j
Construction 5s.......... 1928 y -A
Term «fc im prove 4 s___1923 m -N
Syr B ing cfc N Y' 1st 7 s..1906 a -O
W arren 1st ref g u g 3 4 s . 2000 y -A
Dei <b H ud 1st Pa D iv 7 s .1917 m -S
R egistered..................... 1917 vs.s
lo -y r oonv deb 4s.......... 1916 j j )
A ib < bus con v 3 4 s ....... 1946 A -0
fc
Bens < Saratoga 1st 7s. 1921 M-X
fc
Dei R iv R R B ridge See Pa P.R
Denv < R Gr 1st con g 48.1936 j . j
fc
Consol gold 4 4 s ............... 1936 j . j
Im provem ent gold 5 s ... 1928 j -d
Rio Gr W est 1st g 4 s___1939 j . j
M ge and col trust 4sA .1949 A -0
Utah Cent 1st g u g 4s a l9 1 7 a -0
R io Gr So gu S ee R io Gr So
Des M 01 < F t D S ee M cfc S t L
fc
Des M cfc M inn See Ch cfc N W
D e sM o iL 'n R y 1st g 5 s ..1917 M-N
Det & M ack 1st lien g 4 s .1995 j -D
Gold 4s................................1995 j -D
Detroit Southern—
Ohio Sou D iv 1st sr 4 s ...1941 M-S
Dulcfc Iron R ange 1st 5 s.. 1937 A-O
R egistered......................... 1937 a -O
2d 6s................................... 1916 J-J
Dui Short L ine See N or P a c _
Dul So Shore cfc A ti g 5 s ..1937 J .J
IP as t of M inn 6 '^ S t P M & l i
H /ast Ten Ya cfc Ga S ee So Ry
Elgin Jol cfc East 1st g 5s. 1941 M-N
Elm Cort < N o See Leh cfc N 1
fc
E n e 1st ext gold 4s..............1947 M-N
2d ext gold 6s....................1919 M-S
3d ext goia 4 -^s.......
1923 M- S
4th ext gold 5s............. 1920 A-O
6th e x t gold 4 s.................. 192b J-D
1st consol gold 7s............. 1920 M-S
1st consol g fund 7s....... 1920 M-S
E n e 1st con g 4s p rio r.. 1996 J - J
R egistered..................... 1996 J - J
1 st consol gen lien g 4 s.. 1996 J-J
R egistered......................1996 J - J
Penn coil tr g 4s............ 1951 F-A
50-year con v 4o A .........1953 A -0
Bud N Y < E n e 1st 7 s ..1916 J-D
fc
Bud cfc S W gold 6s.........19Ur> J - J
Chic < E n e 1st gold 5s. .1982 M-N
fc
Jed R R 1st gu g o s ___a l9 0 9 A-O
Long D ock consol g 6 s.. 1935 A-O
Coal cfc R R 1st cur gu 68.1922 M-N
D ock < Im p 1st cur 6 s ..1915 J - j
fc
N Y < Green L gu g 5a. 1946 M-N
fc
N Y So* < W 1st ref 5 s .1937 J-J
fc
2d gold 4 4 s ..................1937 F-A
General gold 6s........... 194o F-A
T e n n in a ila t gold 5 s ...1948 M-N
R egis $5,000 e a c h ... 1943 M-N
M Id R R or N J 1st g 6s. 1910 A-O
Wilk c Ea 1st gu g os. 1942 J-D
fc
Ev c Ind 1st con gu g 6a. .1926 j . j
fc

tTACC
F r id a v
N ov 30
Bui
132

W eek 's
EaJifje o r
L a st S a le

K anye
S in es

Janitcrrq 2

A v A L QU
V b
jtiioh No Lew Uiqh
I S o 4 1324 N ot’06
*2
13 L 136

9 2 4 ........

93

Dec *0S

1 * 2 9 ^ .......... 1834 Oct ’06

128 la ........ 1294 Mar’04
1 1 9 4 ........ 1194 Nov’06
99*4......... 99 4 N ov’ Oh
9 7 % .......... 97 4
974
1 1 3 4 ........ 11 24 1 1 2 4
98 4 ........
Oct *04

104 4 ___

113
107

’
. " I I I ” 94

91

102% Sato
1 0 1 4 .......
99 4 .......

1034

L314 1354
1194 1244

yj4 1 0 1 4

1 96 1004
64 110 114*4
074 934

Oct ’ O
O
Aai'lM

107

112

M sr‘0 6 ....h 91

91

1024 12 1004 1U64
100 1004

1 0 3 % .......
99 4 1O
S
9 9 4 ___
1113a.......
1 3 0 4 ____

Oat *06
A u g’06
Oat *04
IM* *01
994 F ab’ 06
96 Stp *06
105 J a a ’0-4
100 N av’00
101 May* 00
1134 J’ bo’04
1184 J ’l y ’04

iai

103

1124115
1134122

133 4

134 4

d34

135

94

____

9 4 4 ____

103
97

100
9*
104)
104)

i**

10 14

93410S
9«

98

W 4103 4

134 4

1 0 4 4 N ov’ 01

72 4
112°»

064
73
1 1 2 4 0 ct *06

1134

1 1 6 4 J a n *00

75
76
9 1 4 9a

964
73

75
914

75
92 4

96 4101
69
SO
11241154

9
47

104% A p r ’ 06
1 1 9 4 N ov’ 06
122 S e p ’ 06
127 J ’ ne'05

1134
12 24

99

994 99

107

106 41074
96 ____
864

884

93

96
92
........

110

944

100
.......
86

994
106 Oct ’ 06
1 0 6 4 N ov ’ 06
964
96
88
88
97 Jan ’ 02

110
92
93

Sep J
04
Oct ’ 06
N ov 06

86

Oct ’06

794
964

1047e 107 7g
119 4 1264
121 127

124 4 1 2 6 4 1 2 1 4 Sep ‘06
112 ........ 1 0 8 4 A ug’061
1024 A u g ’ 06
..........102
1 0 2 4 A u g ’ 06
102 F e b ’ 03
133 F e b ’ 06
1254
149 Aug’ 01
♦ ill 4 1 1 2 4 1 1 1 4 1124 200
116
1 1 7 4 14
142 4 Mar *05
132*4
105

71
91

1214 1264
10841144
102 102*4
10141044
133

133

107
106

112 7
e
117

9841014
106 108
105 109
22 94 4 100
1 86 4 92

92
90

994
964

1124

112 4 F e b ’ 06

86
934
1094 114 4
11241124

1 1 2 4 $ [o v ,06

111

111

110

110

1 1 3 4 1 1 5 4 1 U 4 N ® t*06
1074
114 4
1084
110 4
103
129
133

100

1094
1054
1094
1004

J a n ’ 06
F e b ’ 06
A u g ’ 06
O c t ’ 06
F e b ’ 05
129
F e b :U6

1134

1 1 4 4 119*6
10741074
114 1 144
107 4 1094
110*21154

127 1 3 4 4
1284
133 133
127 12b99 4 102
100
100
1004
99 4 1 0 0 4
99 4 9 9 4 Oct ’06
*80 Sale
89 4 93 4
894
90 4
90
91
90 Oct ’ 06
90
98
92
92
6 90
>
91 4 9*2
1 0 3 4 Sale 1024 103 fc 38 1 0 0 4 1094
127 N ov ’05
1204
1044104 4
1046 Feb ’06
a
1014
117
1164 1224
1 * 6 4 117 U.17
lOu 1014
1 0 1 4 JFa»,B6 t
1014
120 135 4
129
129 N ov'06
118 J ’l y ’ 04
108 4
1094 1 0 9 4
L097e Sep ’ 06
108
121 4 Oct ’ 05
105
116 1 1 7 4
116 1164 Oct ’ 06
100 103
1 0 0 N o v ’ U6 l
i o o ” 102
1044 HO
104 4 Oct ’06
i ‘1 2 ”
lib May'OO
11541 18
104 4 Oct ’06
llu O ct’06]
116 Apr’06

102

1164

1044H O
109 113
[110 118

BONDS
N. Y. STOCK E X C H A N G E
W kkk Ending N ov 30

1333

2
Jhnce
F r id a n
N ov 30

E n e «fc Pitts See Penn Go
Evans cfc T H 1st cons 68.1921 J-J
1at general gold 5s.........1942 A-0
Mt Vernon 1st gold 6 s .. 1923 A -0
Sail Go Branch 1st g 6s. 1930 A-0
L\*trgo ib So s e e Ch M ib St i*
F lint < Pere M See Pore Mai
fc
Fla C cfc Panin See Sea A ir Line
Fort St U D Co 1st g 4 43.1941 J-J
bn W ib Den C 1st g 6 a ....1921 J -D
Ft \V < Rio Gr 1st g 4 s ... 192s J -J
fc
1 1al ILar A S A
S ee So Pac Go
l Yal H A H o f 1382 18158.1913 A-0
Georgia A A ia a** Sea A Line
Ga Gar «fc N or See Sea A Line
Georgia Paoittc s e e s o Ry
Gda V G A Nor See So Pac Co
G ouv «fc Os w©gat See N Y Cent
Grand Rap A Ind *Se#Peun R R
Gray’ s P t Term See St L S W
Gi N or—C B A Q coll tr4s 1921 J -J
RotfiatertKl./i................... 1921 Q-J
Green Oner Ry See Ches & O
Gull A S I 1st ref A t g 5s 61952 J -J
an A St
See
H ousatomJo<S«# N C B A Q H
c
Y N HA
Hock Val 1st consol g 4 4 s . 1999 J -J
R egistered........................ 1999 J-J
Col A H V 1st ext g 4 s .. 1948 A-O
Col A T ol 1st ex 4 s ....... 1955 F-A
R oust E A W T ex See So Pac
HoiLst A T ex Cen Se^SoPacC o
liinois Central 1st g 4 s ..1951
L R egistered..................... 1951 J-J
J-J
1st gold 3 4 s ..................... 1951 J-J
R egistered..................... 1951 J-J
Extended 1st g 3 4 s ....... 1951 A-0
1st gold 3s sterling......... 1951 M- S
Coll T ru st gold 4s______1952 A-0
R egistered..................... 1952 A-0
L N O A T ex gold 4s ...1 9 5 3 M-N
R egistered..................... 1953 M-N
Cairo Bridge gold 4 s___1950 J-D
L ou isvD ivA T erm g3 4 s. 1953 J-J
Middle D iv reg 5s.......... 1921 F-A
Omaha D iv 1st g 3s....... 1951 F-A
St Louis D ivA term gSs.1951 J-J
R egistered..................... 1951 J-J
Gold 3 4 s ........................ 1951 J .J
R egistered..................1951 j - J
Spring D iv 1st g 3 4 s . ..1951 J-J
W estern Lines 1st g 4 s ..1951 F-A
Bellev A Car 1st 6s....... 1923 J-D
Garb A Shaw 1st g 49...1932 M-S
Chic St L A N O g 5 s ...1951 J-D
R egistered..................... 1951 J-D
Gold 3 4 s ........................ 1951 J-D
R egistered..................1951 J-D
Memph D iv 1st g 4 s ... 1951 J-D
St L Sou 1st gu g 4 s___1931 M-S
Ind Bi A W est S ee C C C A St L
Ind D ec A W 1st g 5 s . . . . . 1935 J-J
1st guar gold 5s................ 1935 J-J
Ind 111 A la 1st g 4s......... 1950 J-J
Int A Great N or 1st g 6 s ..1919 M-N
2d gold 5s.......................... 1909 M-S
3d gold 4s.......................... 1921 M-S
Iow a Central 1st gold 5 s.. 1938 J-D
Gold 4 s............................... 1951 M-S
J etferson R R S ee Erie
F a i A & G B S ee L S A M S
iV a n A M ich See Tol A O C
K C Ft S A M See St L A S F
K C A M R A B S ee S tL A S F
Kan C A Paciiic S ee M K A T
Kan City Sou 1st gold 3S..1950 A-0
R egistered........................ 1950 A-0
K entucky Cent See L A N
Keok A Des Mo See C R IA P
K noxville A Ohio See So R y
Erie A W 1st g 5s. .1937 J-J
L ake gold 5s.......................1941 J-J
2d
N orth Ohio 1st g u g 5 s.. 1945 A-O
L Sho A M ich S S ee N Y Cent
Leh Val N Y 1st g*u g 4 4 s .1940 J-J
R egistered........................ 1940 J-J
Lehigh Val (Pa) cons g 4 s .2003 M-N
Leh V T er R y 1st gu g 5 s.l9 4 1 A-O
R egistered........................ 1941 A-O
Leh V Coal Co 1st gu g 5s. 1933 J-J
Leh A N Y 1st guar g 4 s .. 1945 M-S
R egistered.........................1945 M-S
E l C A N 1st pf 6s ____ 1914 A -0
Gold guar 5s..................1914 A-0
Leh A Hud R S ee Cent of N J
Leh A W ilkesb S ee Cent oi N J
Leroy A Ganey Val See Mo P
Long Dock. See Erie
Long IsL’ d—1st con g 5 s./il9 3 1 Q-J
1st consol gold 4s_____7tl931 Q-J
General gold 4s................ 1938 J-D
Ferry gold 4 4 s ................ 1922 .71-S
Gold 4 s ...............................1932 J -D
U uilied gold 4 s ................1949 ivi-s
Debenture gold 5s.......... 1934 J -D
Guar ref gold 4 s.............. 1949 ?^-S
B klyn A M ont 1st g 6 s ..1911 M-S
1st 5s............................... 1911 M-S
N Y B A M B l s t c o n g 5 s 1935 A-O
N Y A R B 1st g 5s....... 1927 M-S
N or SliB ls t c o n g g u 5 s o l9 3 2 o-J
Louisiana A Ark lHt g os.1 9 2 7 M-S
Louisv A Naeliv gen g 6 s.1930 J-D
Gold 5s............................... 1937 M-N
Unified gold 4a................ 1940 J-J
R egistered..................... 1940 J-J
Coll trust gold 5s.............1931 M-N
6-20-yr col tr deed g 48.1923 A-O
E H A Nash 1st u 6 s..^ .1919 J-D

h id

A a up©

W eek's
N a tiye o r
L a st S a le

S in ce
J a n u a ry 1

A
H ia h No t,o w l i 4(|
116 Sep ’ 06
118 118
y 106 4 109 4
106 4 106 4
114 A pr ’05
106 4 F e b ’06 .... 1064 10U%

A sk Low

1 1 6 % ........
105 .........
108 ........
1 0 1 4 ........

98 4 ......... 105 Mar’ Otf
114
1j 4 4 Ll i l l
1 1 341 15
884N a*-vr; —
84
86 4 90
99

103

100 4 Sale
......... 99

100

99%
98%

1 0 2 4 1 0 3 4 104
107

N ov ’ OG —

il5
91

9 8 4 103

1004 129
98% 42

93% 101%
97 1 014

N ov ’Q . . . . 1014105%
C

Sale

1 0 6 4 107
10 104% 110
103 Nov’ O
G
103 103
98%
3 9841014
08 4 ........ 98%
.........102
1014 Oct ’ Oh — 100 l o w

109 ......... 1 0 9 4 S e p ’ 06
1094 1 0 9 4
. . . . . . . . . . . . 104 4 A u g ’mj
104% 104%
100 J ’ ue’ 06 ___ 99% 100
102 4 .........
96 4 J ’ly '06
9 5 4 95%
99 ......... 99 4 J’ne’ 06
99 4 1 0 1 4
70 Oct ’04
1 i'd i i o 7 v
io*i% 104% 102% 102%
102 Oct ’ 01
108% Sale 1034 104
10 101% 1 0 6 4
100 May’ 06
100 100
. . . . . . . . . . . . 105 A u g’ 06
105 105
9 1 4 ........ 93 4 N ov ’06
9 1 4 94%
104
123 May’ 99
75
8L
7 8 4 A p r ’06
78 4 7 8 4
78
81
80 O ct ’06 ••« • 80
824
89 % .........
89 .........
1 0 2 % .........
1 1 7 % .........
95 .........
1 2 1 4 ........

93 4 J’ne’06
101 % Oct ’ 99
100 N ov’ O
O
102 N ov ’ O
O
122 D e c ’ 05
90 N ov’ 98
120 4 S e p ’06
119% M ar’04
93% May’ 04

934
102

934
107%

120% 1 2 3 4

1 0 1 4 ......... 101 4 A ug'06
9 9 % ......... 103 N o v ’ 04

10141014

106% 108%
106 4 108 4 106% Oet ’ 06
107 4 D e c '02
99 Oct ’ 06
984100
974100
. . . . . . 115 116 O c t ’ 06
116 120
99 4 Sale
994
99%
3 98 1 0 2 4
. . « . . . 7 8 4 7 7 4 N ov’06
73
80
_____1 1 4 V 109 A ng’ 06
109 115
------- 85
85% N ov ’ 06 . . . . 83% 88

71% Sale

714
71% 19
63 Oct ’ Ou

70

754

116
1 114 119
1 1 6 % ......... 116
110% 113%
Ill
......... 110% J ’l y ’06
108 ......... 117 J a n ’ 06 — 117 1L7
1 0 9 % ........ 109 4 N ov’ 06
107 ......... 1 1 2 4 N o v ’05
„ ___ _____ _ 95 Oct ’06
1 1 6 4 ........ 116 Oct ’ 06
109 4 Oct ’ 99
112 % A pr ’Oh
9 6 4 ------- 96 % Nov 06 -

109 1 1 1 4
.. . 95
984
116 12U4
»

104 ......... 113% Jan ’06
•
****•• •*•**■ 1 0 5 4 Jam ’ 06 •

il2
116 4
954 964
n *% u s%
1054 40*4

1 1 4 4 _____ 113% 113%
1 113% 117
100 4 ........
......... 99% 90%
99%
2 9541024
102 N ov’OJ
96 ......... 9 9 4 Oct ’06
99 4 9 9 4
96
96% 96 N ov ’ Ud
95% 101%
110 ......... 110 J ’ ne’ 04
......... 99% 99% N ov’ O
G
90 1 0 2 4
1 0 3 4 _____
101 ......... 103% J ’ ly ’Oh
1.03% 103%
110 ......... 1 1 0 4 N o v ’06
1 1 041 10%
108 ........ 111 J a n ’06
ill
111
109 109
1 0 7 4 ........ 109 N ov’ 06
105 105
........ 1034 105 J ’ne’00
117 ........ 119
119
1 1144 1204
1 1 6 % ........ 116 4 N ov’ O
O
11041214
1 014 Sale 101% 101% 42 9 8 4 1044
101% J ’ l y ’ 06
100 1 0 1 4
........ 1104 111% J ’ne’ Ob
11141164
97% 98
97 4
97 4
1 9541004
111 ........ 1144 J’ne'05]

*111S$(JJEL.I^ASEOU» BON DS—Gouxinued on N ext P a g e .
G a s and E le c tr ic L igh t
Atlanta G L Co 1st g 5 s ...1947
Bkiyn U Gas 1st con g 5a. 1946
Bo halo Gas 1st g 6s.......... 1947
Consol Gas oonv deb 6s___1909
Cons urn Gas See P G A C Go
Detroit City Gas g 511____ .1923
Det Gas Co oon 1st g 5 s...1918
E d EiXllBkn S eeK .' C o E L A P
EdEIllA^NYGAELHA^
Eq G L N Y 1st con g 6 s ..1932
Gas A Elec Berg Co c g 6s. 1949
Gen Electric deb g 3 4 s .. 1942
Gr Rap G L Co 1st g 6 s ...1915
Hudson Co Gas 1st tr 5 s ..1949
Kan City (Mo) Gas 1st g 5s 1922
Kings Co El L A P g 5 s ... 1037
Puxcnaae money 6s.........1097
Ed Ei 1 Bkn lstcon e 4s 1939
1

J-D
M-N
A-O
J -J

106 8 10 64 1054
*
67
644
65
1 3 7 4 ____ 168 N ot’06

106
63
137

ilt%
80%
166%

J-J
F-A

101 lO f 101% 101 %
1 0 0 _____ 1014 2fov’ 06

106
100

104

106

644

M-S
J-D
FA
88
F-A l o o
M-N 103
A-0
A-O
A-O
J-J

113
614
394 874
1074
103 4
98
08

1014

N ot’03
Oct >
01
Oct ’06]
D ec’ 00
N o r ’06
J’ l y ’O
O

103 4 IO8 4
I 06
98

11641117 N ov’O l
O
9.J4 M ar’06!

117 122
934 934

N u p rice F r id a y ; la te st bidand asked th is

w cck.

o D u e Jan

86 4

b D uo

Feb

90

iS M and Electric Ligbi
tU
Lac Gas Lof bt L 1st g 5s.*1919 Q-F 104 J» 104 H 104 4 104%, J 10* 1 0 * 4
i
Ref and ext 1st g 5a....... 1034 A-O 1024105
101 Oct ’00. • ••—101 104%
Milwaukee (las L 1st 4 s.. 1927 M-N ,- _
03
*44
02% 94 Oct »06
N Y G E L U A P g 6 s ...1948 J-D 105 1 0 6 4 105
1064 12 106 100 %
Purchase money g 4 s ...1949 F-A
16 84
0*
85% Sale
86 4
86
lUl4XoV06
Ed El ill 1st oonv g 5 s ..1910 M- 8 lu l
100 1 0 4 4
1st consol gold 6s_____1996 J-J
1134 118
1 1 4 4 1134 J’ne’t'O
" V 1 loo
NYAQE1 LAP 1st oon g 6al930 F-A
98 Oct '00
08 104%
N Y A Rich Gas 1st g 5 s .1921 M-N
101 103 Nov*06
Pat A Pas G A E con g 6s. 1049 M 8
104% Nov’06
Peo Gas A C 1st oon g 6 s .1943 A-O
120 120 J’nPoe
117 m
Refunding gold6a.......... 1947 M-S
10 14107%
100 fc 102 Oet ’06
ChG-LACkt; 1st gug 5a 1937 J-J 105 108
106 Oct ’06
104 107
Oon G Co of Ch 1st gu g 5 s.’3d J -D 104 106 105 J’ne'oo
106 108
Mu Fuel Gas 1st gu g 5s. 1947 M-N . . . . . . . . . . . 103 4 Dec ‘05 . . . .
_____
•Syracuse Lighting 1st g 5 s.’51 J-D 101
Trenton G A El 1st g 5 s ..1049 M-> 1 06
i l o Muy’05
Westchester Liirht’ g tr 5s.1050 J -D 104 . . . . . 106 4 A pr’00 . . . . lioii 108%

d D u eA p r eDueMay

/ t D u e J ’ ly

kDueAug

oUuoUct

gDuoDee

jO p lio n b a la

L334
ii ."
N. Y . STOCK 3fcXC H A X G E
W kkk ENiXKr-t NOY 30

New York Bond Record—Continued— Page
Jrc c e

J"n < / <
U i
JVov 3 0

r-W eetc's
R a n g e or
L a st R ate

Range
S in ce
J a n v x tr y 1

1W.\ tir^
N. Y. STOCK E X C H A N G E
W k k k Exm xn N o v 30

3

[V O L . L X X i l l l

R rxce
L r iiia v
j\O V J )

A'o L ow JJign N Y Cent
\B ta
Ai /».! L o w
H R—( (J o n u n u cd )
Louiav < N ashv—( C o n tm u e a ;
fc
..1109
L C in & .Lex gold 4 %s. ..1981 M-W ! 1063d
N or & M ont 1st gu g 5s. 1916
..1130
L - - 128 130 " W est Shore 1st 4s g u ...2361
At 1st gold G.s---- 1930 i J-J 1 127
- 122
122% 122%
R egistered..................... 2361
X O tS M 2d gold 6s...... 1930 I J-J | 123
o
. . . . 107 % In 7 %
.1 0 7 %
Lake Shore gold 3% s___ 1097
Pcnsacoia D iv gold O s... 1930 | v 8
Yl— 117% 120%
.3118
St L D iv 1st gold Gs....... 193 J !M-8 I IY k "
R egistered................. 1997
—
70
/ i> ! 71^2
71% 71%
Debenture g 4s............ j 92s
2(1 gold 0 8 ...................... 19d(! :V 8
»116 116
Ka A & G R 1st ir:1c 5 s . 1933
Atl Knox & N or 1st gosP.MG J -D 115 119 J16 J ’ ly
. : u>8t2 Jan 06 . . . . 108% 108 %
Hend or Beige 1st &f g 6 b. 1931 M-S
Mahon CT HR 1st o s ..1934
99 L
- --- 98 101
Pitts M cK
Y 1st gu Gs. 1932
K entucky Cent cold 4 s.. 1987 J -J j ' 9 8 'd io v
108
108 ]1 0
2d guar 6s.......................1934
L<&N M < M - . g 4 1*8194f> M-S l 102
‘6
” 9 5 ’ 91 L
— 93*4 98
M cK ees & B V 1st g Os 1918
L A N -S o u th M joint 4s ,19:>2 J -J I .
} 111 117*6
114
Mich Cent 1st consol 6s. 1909
N Fia & 3 1st gu g 5s. ..1937 if-A 114 Sale 114
U 2k
112 % 112 %
5 s......................................1931
Pons A A tl 1st cm g 6 s ..1921 F-A 110
i 15l4
R egistered..................1931
S A N A la cou gu g 5 s.. 1936 F-A 111
....
107
101 *
4
4 s .......... ■
......................... 1940
Sink fund gold 6s.........1910 A -0
97
95
97 100%
L A Jeft Beige Co gu g 4 s .. 1945 (V S
R egistered................. 1940
iJ L & S 1st g 3%8........... 1951
L N A < Oh.
fc
C I & L
1st g 3 % s .......................... 1952
ahon Coal
A
M anhatlan R ySee L S 4s.M S A -0 100 101
10 99% 103%
consol
199(
Bat c & Stur 1st gu g 3 s. 1989
N Y < Harlem g 3% s...200U
fc
R egistered..................1990 A -0
b 102% 106
Registered.....................2000
M etropol El 1st, g 6s_...T90$ J -J 104 *8 bai*5 104
M eK ’ p i A B V S ee JS Y Cent
N Y & N orth 1st g 5 s ... 1927
R W & O c o n Ie te x t5 8 ./il9 2 2
M etropolitan El S ee M a n Ry
45 75% 85
84
83
84 Sale
Oswe < R 2d gu g 5 S ...U 9 1 5
fc
M ex Cent consol gold 4 s ..1911 J -J
27'
27 7 Salt
8
25*4
16
27%
1st consol incom e g 3 s.a l9 3 9 J ’ iy
R W < O T R 1st gu g 5s. 1918
fe
20** i9 i 14
19
20 *4 Sale
21
Utica & Blk R iv g a g 4 s . 1922
2d consol income g 3 s ..#1939 J i y
N Y Chic tfe St L 1st g 4s. 1937
Equip A coll gold 5s....... 1919 A-0
10U % N ov’
98% 101
Registered........................ 1937
Coil tr g 4%s 1st Ser-----1907 F-A 100^4........
Mex Internal 1st con g 4 s .1977 M-S v......... 90 H y o ^ J U y ’ 01
N Y <L Greenw Lake S ee Erie
105 Ma
N Y & H ar S ee N Y C & Hud
M ex N orth 1st gold 6s-----191U J-D
N Y Lack & W S ee D L < W
fc
M ich Cent See N Y Cent
N Y L E & W S ee Erie
Mid of N 3 S ee Erie
N Y & Long Br See Cent of N J
Mil J S A W S ee Chic A N W
U
New York New H av & Harb—
MU A North /te* Ch M A St P
137 J ’ne
Minn A St L 1st. gold 7 s .. 1927 J-T) 134*2
H ousatom c R cod g 5 s.. 1937
111 % Oct
Iow a Ex 1st gold 7 s .......1909 J-D
N H & Derby con cy 5s. 1918
il5 ~
U S J’
P acific E x 1st gold 6 s . . . 1921 A -0
[18 120 % N Y & N orth See N Y C<feH
South W est E x 1st g 7 s .1910 J -D
N Y O & W ref 1st g 4 s ..#1992
110 %
10
110% 11.4%
R egis 85,000 on ly.........gl99 2
1st consol gold 5 s.............1934 M-N 109 112
0
923 sale
d
92*4
9
1st ana refund gold 4s. .1949 M-S
N Y & Put S ee N Y Q & H
0Obi 97
- * 97
95 .......
97 A pr
97% N Y & R B S ee Long Island
x;e3 M A F t D 1st an 4&...’ 35 J-J
N Y S & W s e e Erie
Minn A S t L gu itee B C R A N
101 Oct
M St P A S S M con g 4 in t grip3s J -J
100*4 102% N Y T ex c% M S ee So Pac Co
103 N ov ’ 01
98
Nor & South 1st g 5s.
M S S M A A 1st g 4 int gu 1926 J -J
.1941
Nori & W est gen g 6s....... 1931
Minn Un S ee S t P M AM
993s 99*4 99%
99*4 27 98*4 103
Mo Kan A T ex 1st g 4 s ...1 9 9 0 j -d
Im provem ’ t & ext g 6 s.. 1934
j 84% 92V
87
87 ^
b7%
88
2d gold 4 s........................ g ±990 F-A
N ew R iver 1st g 6s....... 1932
1 102 107*8
102 104. 102 %
N & W R y 1st con g 4s. 1996
1st ext gold 5 s ................. 1944 M-N
. . . . 32*5 91%
b6
89
R egistered..................... 1996
1st A refund 4 s ................2004 M-S
9 0 1 198 85 90%
.4
'V 6 “ Sale
89 %
D iv ’ l 1st i<fc gen g 4 s ...l9 4 4
Gen s f 4 % s................... 1936 J -J
88 Sep J
o
86
88
94
Pocah O & C joint 4 s.. 1941
St L D iv 1st ret g 4 s___2001 A-O
CC’ & T 1st gu g 5s.........1922
Dai A Wa 1st gu g 5 s ... 1940 M-N 1 0 i 108 108 F ebO . 0-. 107 108
94 Oct ’0 . . . . 94
94
96
Kan C A Pac 1st g 4s. ..1990 F-A
96%
Scio V & N E 1st gu g 4s 1989
112 N ov ’ O . . . . 110 116
Mo K A E 1st gu g 5 s ... 1942 A-O 112
North Illinois S ee Chi & N W
M K A Ok 1st gu 5s....... 1942 8V
J-N 105*4 107 1 0 6 % N oy’ u . . . . 104% 109% North Ohio See L Erie dk W
8 105 109% Nor Pac—Prior lien g 4 s .. 1997
1061
M K A T ol T 1st gu g 5S. 1942 M-S 105 S 106L 106
103% A pi ’0 —
R egistered..................... 1997
Sher Sh A So 1st gu g 5 s .1943 J-D 106
1.08% 108%
105*4 Apr'O —
General lien gold 3s___ a-2047
105% 109%'
T ex A Okla 1st gn g 5 s .. .1943 M-S
103 O ct ’ Uti —
101 104 I
R e g is te re d ................. &2047
M issouri Pacific 3d 7 s....... 1906 M-N
1 118% 125
St Paui-Dul D iv a 4 s___1996
1st con sol gold 6s.............1920 M-N 119*8 120 119%
1U4
T ru st gold 5s stam ped. a \917 M-S 104 104L
Dul Short L 1st gu 5 s.. 1916
103 107%
107%
R e g is te re d ..................al917 M-S
C B < o coil tr 4s See Gt X cr
fe
104 107%
4 102% 108%
Lu4 %
4
St P & N P gen g 6s___1923
1st co 1 gold 5 s..................1920 F-A 104 * 105
1
8 9 ^ ....... .
40-year gold loan 4s....... 1945 M -S
90% 94%
R egistered certifie’s ..l9 2 3
9 4 4 943
4
St Paul < Dul 1st os___ 1931
fc
Cent Br R y 1st gu g 4-S.1919 l: -A
93
99
Leroy A C V A L 1st g 5s 1926 J -J 102 ........ 110 k
2d 5 s ............................. 1917
- - - • lb l*8 105
Pac k o f Mo 1st e x g 4s. 1938 F-A 101 ^2......... i0i*8 A
1st consol gold 4s........1968
- - - - 116 120*8
2d extended gold 5 s ...1938 J -J 117 1 2 0 L 118 J
W ash Cent 1st g 4 s ........1948
2 111%117% Nor Pac Ter Co 1st g 6 s.. 1933
St L Ir M A Sgen con g 5sl931 A-O 113 4113*4 113% 114
116 N ov ’O
Gen con stamp gtd g 5s 1931 A -0
N or R y Cal S ee So Pac
6 89% 94
90
9L
91A 90*4
"Unified A ref gold 4 s.. 1929 J -J
Nor W is S ee C St P M & O
4 91% 96
92%
92
R iv A G D iv 1st g 4 s .. 1933 M -S
N or < M ont S ee N Y Cent
fe
100
107 107%|
Ind & W S ee
C& t L
V erdi V I A W 1st g 5s. 1926 M-S
) hio R iver R R C C g 5s.S1936
•r ~m 113 115*8
n
Mob A Birm prior lien g 5s 1945 J -J 108
1st
96 o c t ’05
General gold 5s.............. 1937
M ortgage gold 4 s . . . . ___ 1945 J -J
- - • • 94% 9b
98 Oct
M ob 3 A K C 1st cons g 5 s .1953 J-J
re & Cal S ee So Pac Co
127% N ov’ O - < 0 124% 128*4
U **
M ob A Ohio new gold 6a.. 1927 J-D 127*8
re R R & N av S ee Un Pac
122 D e c ’ 05
1st extension gold 6S..&1927
Ore Short Line S ee Un Pac
. . . . 93
94 ]
General gold 4 s ................ 1938 u
ego & Rom© S ee N Y O
99
114 % J Ty ‘06
F & St P S ee C 6k N W
113 114%
M ontgom D iv 1st g 5 s ..1947 F-A
92% .
92
92% 98
Oz’ rk & Cher C 1st gu 5s g.1913
.St L A Cairo coil g 4s..<?193o Q-F
....
101 ]
97*4
Guaranteed g 4 s.......... 1931 J-J
fp a c Coast Co 1st g 5s_ 1946
_
1 ac o f M issouri S ee Mo Pac
M A O co ll 4s See Southern
M ohawk A M ai S ee N Y C A H
Panama 1st s fund g 4 % s.. 1917
Sink fund subsidy g 6 s.. 1910
Monongaheia R iv S ee B A O
Penn Co—Guar 1st g 4 % s.l921
Mont C ent S ee St P M A M
R egistered..................... 1921
M organ’s La A T S e e S 1? Co
Morris A Essex ^ D e l L & W
Guar 3%s coll trust reg.1937
Guar 3 %s coil tr ser B ...1 9 4 1
113% 119%
ash Chat A St L 1st 7s. 1913 J -J 117*2120 113% N ov’06
T r Co certif’s gu g 3 % s.l916
1^ 1st consol gold 5 s........ 192b A -0 113 l4 sale 113% 113% 1 6 112 115%
Gu 3 %s tr ctfs C ..............194 2
119% 119%
.Jasper Branch 1st g 6 s ..1923 J-J
G - 3 %s tr Ctfs D .............. 1944
M cM M W A A i 1st 6 s ..1917 J-J 1 1 3 3 4 ; ; ; ; ;
113
C St L &i P 1st con g 5 s .1932
T A P Branch 1st 6 s ....1917 J -J
Nash Fior A Shef S ee L A N
Cl & P gen g u g 4 % s s e r A . ’42
Series B .......................... 1942
101% 105
Nat of M ex prior lien 4 % s.l9 2 6 J -J 103 .......
‘to v
85
7 82% 87%
85
85
Sale
Series C 3%s..................194b
1st consol 4 s..................... 1951 A-O
N ew H A D S e e N Y N H A Pi
r
Senes D 3% s..................1950
E rie & Pitts gu g 3 %s B . 1940
N J June HR S ee N YTCent
Series C.......................... 1940
N ew A Cin B dge S ee Penn Co
N O & N E prior lien g 6s #1915 A -0
N<feC B dgegen srag4% sl945
P C C < £ S t L g u 4 % s A ...l9 4 0
N Y B kln A Man Bell S ee L 1
94*4 Sale
S en es B guar................ 1942
94*4
95 400 91% 99%
N Y Cent A H R iv g 3 % s.l9 9 7 J -J
95 % Oct ’06 - ..V 92
S enes C guar................ 1942
R egistered.................... 1997 J -J
98%
3 98% 102%
99% 99 5>
Series D 4s guar........... 1945
D eben g 4 s.......................1934 Wl-N *99 100
11 86% 93
88
88 %
88% Sale
S enes E 3 % guar g ___ 1949
Lake Shore c o llg 3 % s ...l9 9 b F-A
4 85 % 91 %
87%
86*2 87 L 87%
S en es F 4s g u a r ......... 1953
R egistered..................... 1998 F-A
37 Sale
86%
87 % 52 36% 92%
M ich C ent coll g 3 % s ___ 199b F-A
Pitts Ft W & C 1st 7S...1912
85% s7 L 88 4 J ’ne’ 06 —
R egistered..................... 199b F-A
2d 7 s.................................1912
86% 90 l4
Beech Creek 1st gu g 4s. 1936 J -J 101 . . . . . . loa^t Sep ’OC —
3d 7s............................. A1912
102 105 %
102 M ar’04
Penn R R 1st real est g 4s. 1923
J -J
2d gu gold o s ................1936 J -J 105%
Consol gold 5s..................1919
Beech Or E x t 1st g 3 %s 61951 A -0
Consol gold 4s.................. 1943
Convertible g 3 %s........... 1915
Cart A A d 1st gu g 4 s ... 1981 J-D .........103%
85 ......... 95 A p r ’ 02
Clearf Bit Coal 1st s f 4S.194U J-J
Convertible g 3 %s--------- 1912
A lieg Vai gen gu g 4 s ... 1942
G ouv A Oswe ls t g u g 5s 1942 J-D
M oh A Mai 1st gu g 4 s.. 1991 M-S *103 103% 105 N ov ’05
Cl cfc~Mar 1st gu g 4 % s..l935
105 Oct '02
N J J unc R gu 1st 4 s ... 1986 F-A
D R R R & Bge 1st gu 4s g . ’36
N Y A P a 1st con gu g 4 s 1993 A-O ibV>% I 0 3 ” 104% F eb’ 06 —
Gr R & I ex 1st gu g 4 %s 1941
104% 104%

B id

Weetc*H
R ange or
L a st S a te

A s L L o vj

R ango
m n ee

Ja n u a ry 1

J liy h \

H

k jS

106 ........ 106
106%
JIM04 109
104 % S a le 1104% 1 0 4 i
If 103% 107%
17[j 95 101%
96% Snie , 96%
........ 96 Aug 06
ih>
99%
99% 638 -6% 101%
*99% 100 | 99%
116
... 125 % Mar Oo ---- 122 % 125 %
___ 139 J a n ’ 03
i*:2%
125%
109
1.-3%
1107%
-fl 07% 107%
J 18% J ’l y ’ 06
115%
■118% 130
119 J ’ ne’06
J il9
119
.104% Marh <
103
- 104% 104%
<
106% No v’OO
1...................
91% 95 1 97 S e p ’ 0 6 ;
96% 98%
10 i% j ’i y '0 6

112
113%

119% Mar’05
112% Oct KG'
113*4 Jan ’ 02

100 % ......

io’ r% i o i %

...

103% A u g ’06

L ll% 116

102 % Sale
1 0 1 % .......

102%
102%
1 0 0 % Oct ’ 06

103% 104
192 106
100% 100%

114%

124

124

100% Sale

100*4
100*4
1 0 1 % J ’ne’Ot

F e b ’06
26

125

99% 104*4
L01 101%

104 Sep ’ 06
104 111
O
129
132%
128 % ........ 129 N o v’ O
1 2 9 % ....... 130*4 F e b ’06
1.30*4 130*4
<27% 127%
1 2 7 % ........ 127% Oct ’06
99% Sale
98% 102%
99% d
99*8
100 F e b ’06
noo
100
*’ f 96
94% *97** 97
97
99%
15 91
92%
92% Sale
95%
92%
105 ......... 109% F e b ’Uo
98% Sale
99
98%
Ai 98 103
103% Sale 103% 103 '8 103 102 106%
J 102 106
102*4....... . 102*8 N oy'%6
75 Sale
74%
75% l o'J 74% 78%
1 74*4 76
73 ....... . 75
75
98 101
98 J ’l y ’ 06
101% ___
122% 125
111

107*4
99
91%
116%

123% N o v ’ Or
132 J ’ l y ’ 99
113 M a ro> i
107*4
1U30>
98 % O ct h 6
93 M a y ’ O
11 7 N o v ’0 6

122% 125
113
107*4
98%
yi
L15

113
110
100
93
117

113% Sale U D
I i 0 - 2 0 d ic 1116

May’ 00
113%

116 116
110 % 114%

107% 111% 113 i

99
112

100

97
112

Oct ’ 06
N oy’ Oo

98% 100%
UO 114

101

......... 103

J ’ l y ’ 06

103

102

A p r ’ 02

......

106% 107% 107% 10 7 %
i
105 J ’ l y ’ 06'
b8 %
90% J’ ne’06
89% 90% 90 Oct ’ <6 —
95% 96
96*8 N ov’ Oo
Sb5g
89 Oct ’06.
87*4
90% M a r ’ Oo
114
1 2 0 % Sep ’06
107
108% A u g ’ u
106
98% D e c ’09
96 Jan 04
94
96% J a n ’ Oi
98*4 A p r ’ 04

106%

.04% 108%
10<> 105
90% 90%
90

96
S9
90%
117%

9 2 *4

98
89
90%
122

96% 96%

*102

90 ^2

10 ^ Oct ’ 06
110% Sep ’ O
t
112 .)' jie’Oo
99 J ’neKK
92 N o'.’ Ol

Oct ’ 02
J ’ne ’ 06
A p r ’ 04
Oct ’ 06
111^2 sep ’ 04

1 27%
119
119
102% 105% 104%

96 Sale
99% sale

A lia ’ 03
96% 242
95 %
99% 24
99%
104 % Oct ’ 05

106

108% 112%
Iu9 % 112%
99
99
89% 94%
117% 119
I'04 % 1*06%
92% 101
y6 105*4

110

Jan ’ 05

108

Sep ’ 06 ---- 105

108V,

—C ontinued on N ext P a g e
C o a l a n d ir o n
Col F & I C o gen s f g 5 s ..1943 F-A
99 100
Convertible deb g 5 s___ 1911 F A
85 .........
Col C & I D ev gu 5s g__1909 J -J
Col Fuel Co gen gold 6s. 1919 T 1-N 9S .........
V
Gr R iv Coal < C l s t g 6sl919 A -0
&
Colorado Industrial
1st H
ilo 60 coll 5s gu ___1934 F-A
75% SaleContin’ tai C 1st s f gu 5s g.1952 F-A
Jett & Clear C & 1 1st g 5s. 192 6 J-I)
2d gold 5s.......................... 1926 J-D
K a n & H C C 1st s f g5s,1951 J -J ........ 105%
Pleas Val Coal 1st g s f os. 1928 J -J
Tenn Goal gen 5 s.............. 1951 J -J
9 7 bale
Term D iv 1st g 6s....... a-1917 A -0
Birm D iv 1st consol 6 s.. 1917 J-J 108% 103%
Call G M Co 1st gu g 6s. 1922 J-D
b e Bar C & I Co gu g 63.1910 F-A 101 102
V Iron Coal & Co 1st g 5 s .1949 M-S
95% 97

99% N ov’06
88 P ly >06

97% 105
88 102%

107 % O ct ’ 04
10258 A p r ’ 00

102% 102%

75
75% 115 73
107% D e c’ 04
107 May’ 97
102% Oct ’ 03 —
105% Oct ’ 05
105 Ocr, ’ 00
97
97% 10 97
106% N o v ’06
106
2 106%
108% 10S102 D e c ’ 93
100 A u s ’ U
C
100
*14 91*4
96
96

S3%

T e le g ra p h and T elep h on e
Am Telep & T el coll tr 4s 1929
Comm Cable Co 1st g 4 s ..2397
Met T & T 1st s f g 5s....... 1918
N Y & K J Tel gen g 5 s.. 1920
West Union col tr cur 5s. 1938
Fd and real e-st g 4 % s ...l9 5 o
M ut Un T el s fund 6 s ... 1911
N ortliw Tel gu f 4 %s g . . 1934

v la m iia ctu rin g tfc In d u strial
Am Cot Oil ext 4% s.......... 1915
101% Am Hide & L 1st s f g 6 s.. 1919
110% Am er Ice Secur deb g 6 s.. 1925
Am Spirits Mtg 1st g Os.. 1915
111
Am Tliread 1st coi tr 4 s ... 1919
103*4 A m T obacco 40-yr g 6s-----1944
4s........................................ 1951
98%
* N o p rice F riday; latest b id and askecL a D u e J a n b D u e Fob c D u e M ar d D u e A p r
D u e J ’ly k D u e A u g 0

J-J

9 1 % ........

92
92
8 90*8 95%
9 6 10 98
96% P n e'06
109% M ay’05
iVPN
105 % J ’ly ’ u3
J-J 104 % 105 % 105 % N ov ’ 06
103 109%
Afl-N ........ 101% 100% 100% Yu 100*8 106
A1-N
1 0 6 % 107
106% M ar’ 06
J-J
103 J ’i y ’ 04
Q-J

.....................

Q-F
M- 8
A -0
M-S
J-J
A-O
F-A

98
........ 94
2 94
94
94
17 89 100%
8 9 % ........ 39%
90
90 Sale
90
90
2 86% 94
98 104
1 0 1 % ......... 103 N ov ’ Oo
88% 92%
92
93
91% N ov ’ 064 " 109% 117
109% Sale 109% 110
76%
77 % 94 76 % 84
j
77% Sale

D u e O ct p D u e N o v q D u e Do© s O ption Sale

New York Bond Record—Concluded— Page

B a a I 10(H).J

j*r\ce
f'r id a y
S o V JO

Is. Y. STO C K E X C H A N G E
wiflrtjrK E nding N ov 30

W eetc't
H ang* or
L a st S a le

I«c
i a ..
S a n ye
^ *o
1Since
p <
=
>
*3* J a n u a ry 1

H id
A n a Low
H ig h S o
Penn U K—( con tin ued)
Pkila&iai A W Lot g -13..1943|M N ................... 107 4 Oct *0l>
Sonde) Lewis 1st g 4 s .. .1936 j J 1 0 0 4 ........
110 4 Sop ’01 .
U Is' J RK*fc Can gen 4s .1944'M Si ........ 110
Pensacola A A tl See l. A Nash)
Peo A East iVc C C O A St L
F 113 . . . .
123 4 Jan ’051
P eo a . Vek Ui. 1st g 6s— 1921
99
1004 Doo *0V
• rOhl 4 Si3.................... 01921 3 \
Ju
Pero M ain—Cli A \ M 5s 1921 J D *1 0 1 4 ...... 109 A p r ‘02
S
1 1 3 4 IS o v ’ Uti;
FlllU A P M :: us..............1920 A c 113
lSLCOUSOl BOUl OS...... 1939 .V N 107 109 105 N ov’06:
I
i
O! 1 0 3 * 4 ____ 106 H Sep ’ 061
Pt H urou Div 1st g o s. 1939
A ................
Sag Pus A i i 1st gU g 4S.1931
Phil ft! «V \y S ee P enn HR
115 4 Mar’06
P lulatb Reading cons 73.1911
137 Nov* 9 7
Pin e Cree k reg guar 6 s . . . 1932
Pitts (Jin A St L bee Penn Co
Pitts Clove A Pol S ee B «fc O
Pitts Ft \V A Cli See Penn Co
120 Oct *01
Pitts J unc 1st gold Us....... 1922j J
107 4 N ov ’06
Pitts A L Erie ‘I d g 5 s ...a l9 2 8 A 91 1 0 7 4
P u ts M cK ees A Y &£«N Y C
’eu
120 M ar’06
Pitts Sh A L E 1st g 5S...1940 A O U 5
98 J ’l y ’97
1st consol gold 5s.............1943 J Ji 1 1 6 4
Pit ts A West s e e B A O
Pitts Y A Ash 1st con 53.1927 M N 10S 4 . . . . 116 May’05
99 4 Sale
1 > eading Co gen g 4s....... 1997 j J
994
09% 81
lOO 4 J’ ne'06
MX Registered..................... 1997 j J
97
97 4 21
9 7 4 Sale
Jersey Cent coll g 4 s . . .1951; A O
Rensselaer A bar bee D & H
Rich A Dan bee South Ry
R ich A Meek bee Southern
Rio Gr West See Den A Rio Gr
109 Mar’ 05
Rio Gr J une l« t gu g 5 s ... 1939
76 D ec *05
Rio gr bo 1st gold 4s.........1949
89 Jan ’ 05
G uura nteed.......................194U
Rock A Pitts bee B R & P
Rome Wat A Og S ee N Y Cent
1064 Oct *05
Rutland 1st con g 4 4 s — 1941
95
98 4 J ’ne’ 06
OgA L Cham 1st gu 4s g .l9 4 b
•Ji
1014 N ov’01
Rut-Canad 1st gu g 4 s ... 1949
Ji
.Qan Pus A H beeP ereM arq
92
95
O t 3 o A Gr U i 1st g 4 3 ...1 9 4 t
9 1 4 N ov’ 06
J
j
....... 124
122 J a n ’06
bt Law A Adirou 1st g o s .1996
o
2 d gold t»s.......................... 1996
St L A Cairo s e e Mob A Ohio
St L A Lrou M ount See M P
St L K C < N See Wabash
fc
St L M Br See T RR A of St. L
St Louis A b a n Fran cisco—
General gold us................ 1931
1284 12*4
1264
112
General gold 5s................ 193i
I I 2 4 1124
93 N ov ’ uo
S* Li A b F R R cons g 4 s ..’ Ou
93
SouthW Div 1st g 5 s ..1947
102 4 A u g’05
R efunding g 4 s ............ 195 L
84 4 69
8 3 4 84 "4 82
6
98
98
98 Sale
5-year gold notes 4 4 --1 9 0 8
K C b't b A M con g 6 3 .-1 9 2 8
118 ........ 120 4 J T y ’06
34
K C Ft b A M Ry ref g 4s 1936
81;
82
8 13© Sale
K C A .M R A B 1st sru 53.1920
96
S t L M & S u East gu 4 4 g l9 0 9
St Louis ^ 0 S ee Illinois Cent
■St L b W 1st g 4S bd Otis. 1989
1
N
9 5 4 ........ 9 5 4
95 4
86 Oct ’06
2d g 4a me bond ctfs...2>1989
J
80
87
Consol gold 4 s.................. 1932
D
81
814 814
8 1 4 16
D 101 .........
Gray’ s Pt T er 1st g u g 5s 1947
St Paul A Dal S ee N or Pacific
Paul M A Man 2d 6 s . . . 1909
O 105 1 0 6 4 1054 N ov’ 06
1st consol gold 6 s.............1933
133 7 N ov’06
©
J 1334J
R egistered..................... 1933
j 40 May’ 02
J 111 Sale L l l
Reduced to gold 4 4 s .. 1933
111
J
R egistered..................1933
1 1 6 4 A p r ’ 01
N 10638........ 106 4 N ov ’06
Dakota ext gold 6 s ......... 1910
D I 0 1 5e 1 0 1 7s 10 i N o v ’06
Mont ext 1st gold 4s___ 1937
D
1004 O c t ’ 06
R egistered..................... 1937
O 1004
E M inn 1st div 1st g 5 s ..1908
1 0 l5a A n g ’06
O
N or Div 1st gold 4 3 ___ 1945
Minn Union 1st g 6 s___ 1922
120 .... 124 May’05
Mont C 1st gu g 6 s......... 1937
133 1 3 4 4 133 O c t '06
R egistered..................... 1937
i 3 6 4 May’06
115
1st guar gold 5s...........1937
116 Aug'06
W ill a b F 1st gold 5s. .1935
118
1214 Oct ’05
S t P A N or Pac See N or Pac
St P A b ’ x City See C St P M A u
S Fe Pres A Ph 1at g 5 s .. .1942 M-S 1 0 6 4
1 1 2 4 Jan ’06
S A A A P S ee bo Pac Co
S F A N P 1st sink l g 5 s .1919 J-J 108
110 O c t ’ 05
Sav F A W est S ee A tl Coast L
Scioto Val A N E S ee N or A W
Seaboard A ir Line g 4s ...1 9 5 0
82 38 Sale
324
8 2 4 SI
Coll tr refund g 5 s .........1911
1
100 bale 1 0 0
100
A tl-B irm 3 0 -y rlst g 4 s .e l933
92 Oct ’06
Car Cent 1st con g 4 s ... 1949
9 6 4 M ar ’ 06
944100
Fla Cen A Pen 1st g 5 s .1915
106 ....... 1074 A n g ’ 06
1st land gr ext g 5s ...1 9 3 0
105 . . . . .
Consol gold 5s...............1943
106 4 ___ J09 4 M ar’ 06
Qa A A la Ry 1st con 5s c/1945
110 4 May’06
Ga Car A N o 1st g u g os 1929
110 J a n ’ 05
1094
Seab & Roa 1st 5s.............. 1926
1073*
LU8 A ng’ 06
bher bhr A bo S ee M K A T
Sil bp UCii A G S ee A tl Coast L
Sod Bay A bo 1st g 5s....... 1924 J -J !
102 Jan’03
So Car A Ga See Southern
So Pac Co— RR 1st rel 4s. 1955
954
9 6 4 88
96 4 Sale
Gold 4s (Cent Pac c o ll). £1949
O l3; sale
75
914
02
R e g iste re d ..................A.T949
........ 91
9 1 4 May’ u6
A A X W 1st gn g 5 s ___ 1941
1 0 4 4 ....... 109 4 F e b ’ 06
Cent Pac l*»t ref gu g 4s 1949
1 0 0 l4 21
100 * Sale 1 0 0
4
R egistered..................... 1949
98 4 May’ 06
M ort euar gold 3 4 s . . £1929
S 6 34
8 6 y4 l6l
86*4 bale
Tiirou-di b l L 1st gu 4s ’54
95 Oct ’06
Gal Har A S A 1st g 6 s .. 191 u
105 107 lo o N ov ’06
i le x A Pac 1st g 5s___1931
lu8 4 ........ 109 N ov ’u6
Gila V G A N 1st gu g 5s. 1924
103 ......... 106 *4 J !ly ’ 06
Houfi E A W T 1st g 58.1933
107 4 F e b ’05
1st miar 5s red.......... 1933
N 102 1 0 6 4 104 A ug’06
H A T C 4st g 5s int g u ..l9 3 7
4
J| 111 ......... 111 4 lll-H
Consol g 6 a int g u a r... 191 2
o n o 1124 1 lO*^ N ov ’06
Gen cold 4s mt guar.. 1921
O 91
22
94
94
W aco A N W div 1st fir6s’ 3U
N
127 4 F o b ’ 0 '^

L ow

High.

107 4 110 4

:

112 4 i iS
105 1 1 0 4
10641114

11541154

107 4 1 0 7 4
118

120

974102*8
99 4 100 4
95*6 1014

984100 4
90

122

94 4

122

125 1 2 8 4
1 0 941 14
92
95 4
31*4 S8
95 4 98
12041 21
81
874

94
82 4
76

993
4
89
82

10541094
133 1 3 7 4
1074 1 1 2 4

1064H 1
100 1044

1004 100 4

1014 101*8
133 136
1364 1364
116 1 1 9 4

11241124

82
92
1U0 1 0 4 4
88
97
9 6 4 97
L07 4 1 094
1104 H I 4
108

110

944
91
914
109 4
984
984
S6
95
105
109
106

97*8
964
92
no
102*4
98 4
89
994
106
111*4
1081
4

103 4 105 4
109 4 I I I 4
110*4 116
934

994

M I .SC E L L AN EOUS

BONDS
N. Y. STOCK E X C H A N G E i £ ~
W skk E nding N ov 30

J335

4
S r ic r
Z Y id a y
S o v 30

B refe'is
H an ge or
L a st S a le

)- c
K a iige
^ -0
!0 0
S in e^ < J an u a ry l

H id
Ash' L ow
H i g h A 0 L ow H ig h
southern Pac Co—( C o n tin u e d )
M organ’s La A T 1st 7 s.l9 1 S a -O 123 4 ........ 127 S e p ’ 06 . . . F27 127
1st gold 6s..................... 1920; j . j
116 4 ........ 116 N ov ’ 06 . . . . 116 118
iOl<fel(H%
101-4 No\’ 0 ti
No of Cal 1st gu g 6s___1907, j . j
113 J a n ’ 01
Guaranteed gold 5s___1938 a -O
99 J< 2 4
V
Ore A Cal 1st guar g 5s. 1927 j . j 1 0 1 4 . . . . 99 A ug’ 06
87 4 Sale
SfiH)
S7 4 47 H5 4 90
S A A A Pass 1st gu g 4s. 1943 j ,]
bo P of Ar gu 1st g 6 s . . . c l 909 .f . j 105 A 106 4 105 Oct ’06 . . . . 1044 105 4
j oo 4 nrr
1st guar g 6 s............. c l 910 .j . J 1 0 5 * i........ 107 N o v ’06
So Pacific of Cal—
i l l 1134
1st g 6s series E A F ... 1912 a •
O 168 ........ 111 A ug’ 06
1 1 i ^ ]) 0 c ’ (M
1st gold 6 s.....................1912 A-O
1st con guar g 5 s .........193 7 |M-N 1 1 1 8 4 ........ 119 J a n ’06 . . . . 119 119
...... ......
108*e J ’ ly ’05
S tam ped..........1905-1937 |M-N ........
! lOd ......... 10*1 4 Sep ’ uO
104 4 i 05*4
8 Pac of N M ex 1st g 6s. .1911
So Pac : 'oast 1st gu 4s g . 1937
111 Jan ’ 06 . . . . i l l 4 i n 4
Tex A NO babDi v 1st g 6s. 1912
104 110
Con gold 5s....................1943 j . j i ’0 4 ........ l o t Sop ’ 06
116 116 4 116
1164 14 115 1 1 9 4
Southern—1st con g 5s____1994 j . j
R egistered......................1994 J -J 115 1 1 6 4 114 N ov’06 . . . . 116 1 1 7 4
94 N ov’06 . . . . 93
98 4
M ob A Ohio coll tr g 4 s .. 1938 M-S ......... 94
119 N ov ’ 06
115 1 1 9 4
Mem Div 1 s t g 4 4 - 5 s . . . 1996 J-J
1 94
97 4 ........ 9 7 4
994
974
St. Louis div 1st g 4 s____ 1951 J-J
A la Con R 1st g 6s.......... 1918 J-J 114 4 ........ 113 J a n ’ 06 . . . . 113 113
91 ......... 96 J ’ne’06
96
96*a
A tl A Danv 1st g 4 s........ 1948 J - J
91 ......... 92 J ’ne’ 06
92
92
2d 4 s ................................1948 J .J
A tl A Yad 1st g g u a r48.1949 A-O
Col A G reenv 1st 6s....... 1916 j - J 112 4 ........ 1164 May’05
2 1144 116
lift
E T Va A Ga I)iv g 5 s ..1930 J -J 1 1 5 4 ........ 115
2 116 119*4
Con 1st gold 5s............. 1956 M-N 117 4 ......... 116*8 117
112 O c t ’06
112 1164
E T gd reor lien g 5s........ 1938 M-S
68
69
7'2 4 A ug’Ot'
724 724
Ga Midland 1st 3s............1946 A O
119 4 123
Ga Pac Ry 1st g 6 s.......... 1922 J - J 120*8........ 120 OCl ’06
Knox A Ohio 1st g 6 s ... 1925 J-J 1 2 1 4 122 122% A p r ’ Oi- .... 122 4 1 2 2 4
5 1 L2-s 116
Rich A Dan con g 6s____1915 j - J 114*81164 1144 1144
112*4 112*4
Deb 5s stamped..............1927 A-O 109 4 ........ 112*4 Jan ’Oti
87 ........ 98 F e b ’05
R ich A Meek 1st g 4 s ...1948 M-N
105 1084
So Car A Ga 1st g 5s___ 1919 M-N 106 .........
L12 112
......... 112 Oct 06
V irginia M id ser C 6 s ...1916 M-S I l l
i07 107
Series D 4-5s................. 1921 M-S 1 0 7 4 ........ 107 N ov ’ud
Series E 5 s ......................1926 M-S 109 4 ....... 113 D e c ’05
General 5s......................1936 M-N 1 1 0 4 1114 111 4 S e p ’ 06 . . . . 1 1 1 4 1 1 4 4
Guar stamped............1936 M-N 107 4 ........ 109 4 May’06
109 4 114 4
94& ......... 94 4 Oct ’ Oo
8
94 4 94 4
W O A W 1st cy gu 4 s .. 1924 K-A
W e s tN C 1st con g 6 s.. 1914 J -J 112 4 ........ 111*4 Oct ’ 06
u iiiu S
S A N A ia See L A N
117 J ’l y ’ 00
Spok Falls A N or 1 s t g 6 s . 1939 J - j
100 N ov’ 04
Stat Jsl Ry 1st gu g 4 4 s .. 1943 j - d
Syra Bing A N Y h ee D L A W
109 112
' j'e r A of bt L 1st g 4 4 s . .1939 A-O 107 ......... 109 May’ 06
u6
119 1204
1 1st con gold 5s___ 1894-1944 F-A 117 ......... 1i l Oct J
5 9441004
96
Gen refund s t g 4S.........1953 J-J
......... 9 6 4 96
2 1104 H I
St L M Bge T er gu g 5s. 1930 A-O 110*4 Sale 1 104 110*4
T ex A N O See So Pac Co
7 116 124
Tex A Pac 1st gold 5s.......2000 J-D 119 1 1 9 4 1184 1194
92 N o v ’ 06 . . . . 85 102
2d gold inc 5 s................. g20U0 Mar .........100
O Mar’06
La D iv B L 1st. g 5s....... 1931 J -J 103 ........ 1 L
1084 HO
106 4 N ov’04
W M in W A N W 1st gu 5s ’ 30 F-A
Tol A O C 1st g 5s_______ 1935 J-J 113 115 114 4 N ov ’ 06 .... n i 4 i i 5 ' 4
111 May’ 04
W estern D iv 1st g 5 s ...1935 A-O
106 109
General gold 5s................ 1935 J-D i ’o e ......... 106 A u g’ ub
96
97
9 5 4 99 4
97 N ov ’06
Kan A M 1st gu g 4 s___1990 A-O
90
82
9 0 4 N ov’ 06 . . . . 89 4 9 3 4
Tol P A W 1st gold 4 s . . . . 1917 J-J
2 > 8 4 90
89
90
90
90
Tol St L A W pr Lien g 3 4 s . 1925 J -J
v
8 7 o*4 8 4 4
8U 4 Sale
50-year gold 4 s................ 1950 A-O
804
80 4
99 4 N ov ’ 05
Tor Ham A Buff 1st g 4S.A1946 J-D
8 [is te r A Dei 1st con g 5 s 1928 J-D
110 113 4
112 4 N ov’ u6
U
1st refund g 4 s.......... 1952 A-O ......... 93
93 S e p ’ 06 . . . . 93
94 4
Un P ac R R A 1 gT g 4s ...1 9 4 7 J -J * L034 1 0 4
103*8 103 7c 54 102 4 106*4
.
R egistered..................... 1947 J -J 102 ......... 102 N ov’ 06
1014 1064
1
Ore R y A N a v con g 4s. 1946 J-D ........ 102
101
101
99 4 102
Ore Short Line 1 s tg 6 s . . 1922 F-A *124 1244 123*4 N ov ’06 - •• 120 126
10 116 119
1st consol g 53.............. 1946 J -J 115 117 116
116
96 4 bale
Guar refund 4 s .............1929 J-D
96 4
96 4 28 94 4 97 4
R egistered..................1929 J-D
9 4 4 Oct ’06
944 944
Utah A N or 1st 7 s.........1908 J-J 1*04 ........ 105 A ug’ 06
105 1U6 4
Gold 5s............................1926 J -J 108 7e ........ 110 J ’ne’ 06
110 110
Uni N J R R A O Co S ee Pa RR
Utah Central S ee R io Gr Wes
Utah A N orth S ee Un Pacific
Utica A Black R S ee N Y Cent
........
F-A
4
02
eb
Vrandalia consols tg gus4___ 1955 J -J *100 102 10278 F e p ’’ 06 — 198 4 1 0 5
era Cruz A P l
4 s l9 3 4
98 S
06
98
98*8
V er Val Ind A W S ee M o P
V irginia M id S ee South Ry
Va A Southw ’t 1st gu 5 s .2003 J-J 114 ......... 1144 N ov ’ 06
108 114 4
gold 5s....... 1939
119
W abash 1st5s..................1939 M-N 113 4 Sale 113 113 19 1 1 2 4 109
2d gold
F-A 105 Sale 105
1U54 14 104
Debenture series A ....... 1939 J -J *......... 95
■
95 N ov 06 .... 87 4 98
S en es B .......................... 1939 J-J
80 Sale
79 4
80 495 7 2 4 8 6 4
1st Lien equip s fd g 5 s .. 1921 M-S 100 ......... 100 Sep ’06
100 100
92 .........
1st lien 50 yr g term 49.1954 J -J
93
93
D el A Oil E xt 1st g 5 s ..1941 J -J I l l 112 1 114 1 1 1 4
2 108 1 1 1 4
Dos M oin Div 1st g 4 s ..1939 J-J
97 N ov’O
^
Om D iv 1st g 3 4 s ........... 1941 A-O ......... S3
85 4 May’06 ..... 84
864
Tol A Cli D iv 1st g 4 s ...1941 M-S ......... 97*4 9 4 4 A u g ’06 —
92
95 4
St Chas Bridge 1st g 6s. 1908 A-O
109 4 M ar’03
W ab Pitts T erm 1st g 4 s .1954 J-D
82% Sale
82 4
82 4 14 8 1 4 00 4
2d gold 4 s .......................... 1954 J-D
33 bale
33
34 104 33
414
W arren s e e Del Lac A W est
Wash Cent S ee N or Pac
Wash O A W S ee Southern
W est Maryland 1st g 4 s . . . 1952 A-O
83 7 Sale
a
83 7
s
844 lo 8 2 4 8 S 4
Gen A conv g 4 s ............. 1952 A-O
704
71
7 2 4 71
7 2 4 24 69
West N Y A Pa 1st g 5 s.. 1937 J-J 116 i i ;78 1167e 1 i 6 7e
8 114 118
Gen gold 3-4s................... 1943 A-O
32 4 97 3f
92 7 N ov’ oo —
8
92*4 94
Incom e 5s.......................^1943 Nov
30 May’ 06
30
31
W est No Car /S South R y
’e€
W Va Cent A P 1st g 6 s ..1911 J -J IOC 4 ........ 10G4 Auy'O1
100 4 109
W heei’ g A L E 1st g 5s.._1926lA -0 109*8......... 112*4 J ’ l y ’06
112 114
W heel Div 1st gold 5 s.. 1928 J -J 108 ......... 112 4 F eb’O
*
i 124 1124
Exten A Imp gold 5 s . . . 1930 F-A 109
1114 Aug’05
R R 1st consol 4s............. 1949 M-S
87 ........ 867e N ov’ U —
O
86
93 4
2 0 -year equip s f 5s ...1 9 2 2 J-J In i 3j
W ilkes A EavSt S ec Erie
W ll A Sioux F S ee b t P M A M
Wia Cent 50-yr 1st gen 4 s. 1949 J -J
904
6 89
95
90
90*4 90

BON OS—C on clu d ed .

H n .n u ln ciu rin c OL Iuduslrial!
.U iacellancoufl
I
1
Beth Steel 1st ext s f 6 s.. 1926 J-J
94
95
f 98
90
j Adams Ex col tr g 4 s .........1948 VI- S 1 0 2 4 Sale 1024 1024
96 A ug’fM
3
5 102
lent
rather 2 0 -year g 5s. 1925 A-O!1 9 8 4 Sale
Am Dk & Imp os
Cent N J
98 4 95 90*4 102 4 |
984
Cousol TuOacco 50-yrg 4ft. 1551 F- A • 77
7<s
8 3 4 Am SS Co of W V a g u s . ...1920 M-N
77
77
100*4 J ’no’02
1 77
Registered 4 s ................. 1951 F A
7 8 4 7 8 4 B 'ki’ n FerryCo 1st cons g os ’48 F-A
7 8 4 M ar’ 06
41 Oct ’06 . . . . 41
Distil -ecC o r « unv 1ar g 5 s . ’27’A -0
90
8 7 4 Sale
” 72 81
Clue Jc<fe St Yard col g 5 s .1915 J -J
87
874
108 J ’ ne’05
Int Paf»er Co 1st con g 6s. 1918; F-A 100 4 107 1(.*64 106 4
6 9 7«
70 Sep ’ 06
3 105 4 1 1 0 4 DeiM 6c M Id g r incom es.. 1911 A-O ......... 06
Consol con v s f g 5s.......1935 J - J
9 2 4 Hale
or>.
Hoboken L & I gold 5 s ... 1910 M-N
92 4
« 92 100
In*, bt Pump lo -y r conv. 6s ’ Ll J-J 1 102 Sale 101*4 1 0 2 4 19j 101 104*4 Mad Sq Garden i s t g 5 s ..l 9 1 9 M-N
Kmcker lee (Clue) 1st g 5 s .*28'
. . . . . . . . . . . . 97 4 Oct ’05
. . . . . . . . . . . . Man I5ch H A L g eu g 4 s ..1940 M-N
50 F e b ’ 02
Lackaw steel 1st g 5»
1923
, 1 0 2 4 Sale 1014 102*0
4 1 0 1 7 108*4 NVwp N o Ship A D DoadlOOO J -J
b
arch M f g Co lftt g 6s 1920: M-N
78 ........ 78
so
93 » - N Y Dock 50-yr 1st g 4 s ..1951 F-A ................. \) i
<
a 80
93
94 N ov’ 06
u 1r
Jell 5*..1925 .1 - J
73
73 4 7 2 4
73
0 ' 72*4 77
Provident Loan S o c4 4 s .l 9 2 l 51-S
99
99 M »y’ O0
:o lt r 5 s . 1934 A O | ................. 98
92 '4 N ov’06 . . . .1 92 4 98
St J oseph Stk Yds 1st 4 4 s . 1930 J-J
1004 S e p ’05
11 deli g 6 s.. 1913
1<»5 4 Sale 105 4 105 4 J
105 4 lO’J 4 •St L T er Cnnples btat’ n A Prop
conv deb gos '2-1 J -J
9 7 4 98
97*4
98
1 cl 90 4 9 9 4
C 1 st tr 4 4 « 5-20 y ea r.. 1917 J-D
^o
con 1 M l
M-N
9 1 4 Sale
97 4
98 4 393 95*4 101 - 8 Yuba Wat Co con g 6 s ..1923 J -J
i l ‘2 J ’iy ’ 04
.. d 1
MN
97 4 Sale
2l 93*© 1 0 0 4 Sj> Val Wat W orks 1st Os. 1906 M-S
97 4
98*113 4 J T v ’O
O
- . . 1
_______ 12 A-O
98
99
97 Oct '0 6
97 1014 U s Red A R ef 1st s f g 6s. 1931
. . . . . . . . . . . . 97
97
3
N o price 1 da\’ ; latest bid ind asked this weok. o D u e J a n 5 D u e F e b d Due A pr «D u e May g Due J ’ne^ h Due J ’ly p D w N o r s O o tu m
*

104^t

58

78

93
99

103
Sal#

OHIOAG-O STOCK EXCHANGE—Stock "Record—Daily, Weekly and Yearly
S T O C K S -^ H IU H E B T A N D L O W E S T B A L E P R IC E S
S a tu rd a y
N ov 24

•150

M onday
N ov 26

197:J *150
.

W ednesday
N ov 2 8

T itesd ay
N ov 27

197 3 *150
4

197*4 *150

ThAtrsday
N ov 29

1973
4

-5*4 5*3
*5*4 5*3
6*4 5 L
4 * 6 *4 6 *3
*16
18
*16
18
18
16*6 1 6 *8 *16
50
50
50
50
60
60
43
4 5*4
5
5 **
4*8 4 G
e
16
16
163 173
4
4
1 6 *8 1 6 *8
62*4 62*4
62*4 62*4
*62
63
*62*4 62\
*85
8 / V *853s 87*3
j
*85 ........ *85*4 87*3
27
27
28
26*3 26*3
27*3 27*3 *27
72*3
*71
72
71
71
72*3 72*3 *71
40
40
34
35
*........ 36
34
06
*25
27
*25
27
*25
27
*25
27
*62
65
*62
65
*62
65
64*3 64*3
*90
92
90
90
"90
92
90
90
35
35
35*3
35 34 *35
*35
35*3 *35
*100*3 101*3 *100*2 100 '2 *100*3101*3 *100*3 101*3
30
32*&
*29
30
*29
32
*29
32

*1
-6

1*8
6*3

143 143
49*4 493
«
*........ 117**
*109*4 1093
4
127^ 128
*473 48*3
4

*3 L 35
*31
35*a
*36 *2 37 *3 *36*3 37*3
*106 110 *106 110
*66
68
*561 68
3
*1
*6

1*8
6 **

143 144
60
60
*____ 117*3
10934 X0934
127*3 127*3
*473 48*3
4

*i
*6
144

*31
*36*3
*106
* ........

i%l

*i

6*3

*6

R a ilroa d s
Oct *0(5 Ciiic City R y ............. 100
Chic Pass R y ..........
5 *3 Chic & Oak Park.......100
*16
18
Do pref...............100
*50
51 Chicago Subway
TO
O
6*4
5 > Chic Union Tract___ 100
4
1738
17*8
Do pref...............100
*62
63 Kane City Ry A Rt ..100
86
So3©
Do pref...............100
27
27*4 Metropol W S E lev .. 100
*70
72
Do pref...............100
*35
40 North Chic Street___100
N ov’ 06 Northwestern E le v .. 100
26
LastS ale
T H A N K S- *64
66
Do pref...............100
90
90 South Side E lev ........ 100
G IV IN G
35
DAY
35 StreetsW Stable C R 100
L a s t S a l e 101 *3 N ov’ 06
Do p ref...............100
31
31 West Chic Street....... 100

LastS ale
LastS ale
LastS ale
LastS ale
LastSale
LastSale
L astS ale
LastSale
L astS ale

35*8
37*3

110
68

ih
6*3

144*3 *144 144*3
50
60
4
*........ 117*3 *........ 1163
109*4 109*4 109*4 109*4
127*3 128
127*3 127*3
*473 48*3 *47*3 48*3
4

LastS ale
L astS ale
L astS ale
LastS ale
L astS ale
LastSale

74*3 74*3 743 743
4
4 74*3 75
*116 * 118
3
116*4 116*4 117 117*3
86
86
*85 ........
86
86
86
86*4
*........ 119
*........ 1163
4
*____ 117 " *116 l i 9

74*4 76
*117 118

93
93
93 *3 937g
110*4 110*3 110*4 111
*135 138 "135 138
100*4 100*3 100*3l00H
1
8*4

*25

1
8*8

SO

1
8*8

30

1
8*3

30

65
*93

L astS ale
LastS ale
LastS ale

69
69
93*4 93*q
1 1 0 3 111*4 111 111*3
4
136 136
136 136
100*3 100 *3 100*sl00*3
1
? 78

68

95

1
8*4

*............. 30

1
67
$

1
8*8

*............. SO

L a sts alt
LastSale
LastSale
LastSale
L a sts ale
LastS ale
LastSale

Chicago Bond Record
BON D b
CHICAGO STOCK: E X C H ’ GE ~ ci
W eek E nding N o t 30
■SBi

P r ic e
F r id a y

Nov 30
B id

S ales
oj th e
Week
Shares

L a s t S a l e MO

6 *3
65
q
63b 6*3
6 »*
6*3
6*4 6 3
c
55 3 55 \
4
56
56
553 553
4
4
*121 *» 130 *127 130 *127*3 130 ‘ 130 130
LastSale
*126*3 130 *126*3 130 *126*3 130 *126*3 130
77*3 77*3

*3 L 36*3
*37*3 38*3
*106 110
*........ 56

F r id a y
N ov 3 0

STOCKS
CHICAGO STOCK
EXCHANGE

W eek ’ s
R a n g e or
F a s t B ale

A s k L ow

L ow est

140
10
10

255
550
800
100

80
ISO
355
359
100

148
230
191

H ig h e st

Sep 28 200

5 *8 Nov 5
16 Oct 16
3 9 3 J ’ly 13
4
4 J ’ly 12
12*3 M*j 18
5 4 ‘3-7au 2
8 > Oct 31
25 Oct 30
65 *3 Oct 23
25 Mar 14
23*3 J ’ly 24
60 May 23
89 *3 Apr 30
27 Marl 8
98 Jan 26
23 Apr 10

R a nge fo r P r e io u i
Y ea r ( 1 9 0 5 )

R

So

7 *4 Jan 17
283j?J*n 2

R ange
/Since
J a n u a ry 1
H ig h

99 7 1003
e
4

101

101

55
55
100*3104

101

1 0 3 34

963 963
4
4

87

87

80

90

102*3 105 78
87
95
973 100 *4
4
99 100
95 100
12
5

91
95
8538 89
90
90
91
79
80
92*4
90
943
4
89 100*4
100*3 100*3

99 4 99*78
a

99 100
99*3 100
120
1ms
8
10 L017 105 7e
104*3 108
104 1 0 5 78
103*3 103*3
HOI 105 5
g
IOI^ b 103 \
100 105*3
19

Jan |205

4
16
40

J ’ly
J’ly
Oct
6*8 J’ne
26 J’ ly
30 JaD
82 *2 J an
20 Jan
5 9 *3 J an
55 J ’ly
21 May
60 Mar
90 *8 M ay
27 Aug
96 Dec
40 J ’ne

13*4 Feb20
46*4 Mar 12
63 *9 Feb 9
93*3 Feb 8
30 J ’ne 8
72 4 Nov 3
85 Mar 12
28 3 Feb 23
68 *3 Mar 1
99 J’ne 9
3 5 3 Nor 12
4
102 J’ n elo
60 Feb 19

H ighest

8»4 Dec

Oct

734 Jan

28

Dec

13 7 Feb
e
51 Feb
60 Sep
92 Sen
28 *3 Oct
73 *4 Sep
99 F A
2G D«*c
68 Oct
100 A%g
30 sop'
] ()?.0 MLr
A
72 Fete
14 *8 Apr
73^2 Apr

76 Jan 110 Deo
125 Feb 134 Dfr©
38 Jan 593 Sop
4
98 *8 Jan 105*3 Mar
35 Oct
106 Mar
60 J’ ly
148*3 Feb
10 J an
34 J’ne
6 J ’ne
153 Jan
32 Jan
125 May
95 Apr
134 *3 Feb
55 J’ ne
11 Feb
63 Feb
44*3 Mar

40

Jac

112

Rig

70
150
in

0«t*
Mar

j tuf

Jm
7 Jan
172 Fete
58*4 Deo
143 *3 Fall
118 Dae
145 A mg
67 N ot
42 Nov
7 5 Oct
1

2
19

Jan
Sep
5 2 3 Aug
4
11 U 4 Aug
3
41 Jan
110 Jan
5 Apr
99 S M ay
g

2 l4 Oct
23 Oct
67a4 Dec
120*3 Mar
80*4 Dec
12(1 J’ne
5 3 May
4
I 1034 Apr

101
46

114 Jan
165 Dec
109 *3 Nov
2*3 Apr
16 Dec
41 Aqg

Dec
Jan
86*3 Jan
J’ly
8 Aug
23 Feb

Chicago Banks and Trust Companies
10138 103*4

10

Low est

Jan 5 180

M iscellan eou s
6*3 American Can............100
925
6*3
6 J’ ae28 11 78 Jan 20
56:j4
D o pref
...
100
450 51 J ’iy 13 72 Jan 25
&53
4
162 Amer Radiator........ 100
20 115 T %b 9 130 Nov 7
*127*3
130
Oct ’06
129 Aug27 136 Jan 17
Do pref...............100
*77
78*3 Amer ShipDldg.
200 54 J an 13 81 Nov 5
100
110
Nov ’ 06
Do pref
100
101 Jan 11 110 Oct 19
31
Sep ’ 06 Amer Straw Board........
17 Feb28 3 i Sep 22
38
Nov’ 06 Booth (A) A Co
36 Jan 23 40 Feb 6
.100
Sep ’ 06
108
Do pref____
100
108 Jan 25 113 *3 J’ne 2
N ov’ 06 Oal & Ohio Canal A 1)100
58
55 May26 64 Feb 6
May’05 Central Trust Bank 100
175
40 16838 May 18 175 May 31
Mar’06 Clnnagn Andltorium
16
16 wFeb 13 16 *3 Feb 23
1
N ov’06 Chic Brew’g & Malt’g ___
1 Mar 6
1 Mar 6
6
N ov’06
Do pref___
6 N ovl4
7 Jan 16
*140
144 Chic E d ison ...............100
313 136 J ’ly 31 165 Feb 15
*493
4
50 Chic Pneumatic Tool. 100
198 49 May 2 63 Feb 9
115
97 101 Apr27 139 Jan 15
117*2 Chic T eleph on e........ 100
109
109 Ohio Title" & T ru st... 100
65 103 M»y 3 118 Jan 9
441 118 J ’ne 6 147 Feb 7
£ 120*8 128 Diamond M atch........ 100
N ov’ O Illinois B rick........ 100
C
481
3
41 *3 Sep 1 7 l 3 Jan 23
4
N ov’ 05 Knickerbocker Ice 100
3 11
4
F eb ’ O
O
80
Do pref .
100
797 Feb 23 80 Feb 28
S
17
J’ne’06 Rondon A Chir, Orvntr
9
D ec’04 iVan nfno.tn rerfl’ Fn el ..
f
46
N or’ 06 lYfasnnie Temple
46 May 2 2 48 Sep 25
V g
J ’l y ’ 06 Mil A Chic Brew’ g
1 3 May29
4
2*3 Feb 3
22
Sep ’ 06
Do pref
21 * J’ne29 23 Mar 7
805 62 May 2 77*4 Oct 24
75*4
76*4 National Biscuit.......100
184 113*2 Jan 4 119 Oct 24
116*3 117
Do pref...............100
*85
86
183 78 Jan 5 95 Mar 3
National Carbon___100
119
N ov’06
Do pref
_
100
115 F e b 21 122*3 Mar 9
May’ 05 Page W o Wire Fence
d3
4
92*3 J ’l y ’06 People's Gas R A C’ kel 00
8 8 7 J’ly 10 93 *2 May 17
q
62 Sleara Roebuck com TO
O
*59
240 50 Aug 2 59 Nov28
933
4
933
4
81 92 *4 N ov 3 99 Sep 1:;
Do
pref...............100
1093 111*4 Swift & Co.................. 100 1,078 101*4 Jan 17 119 *a Sep 27
4
135*« 135*8 The Quaker Oats Co. 100
156 115 May 16 152 *3 Jan 5
100
100
197 100 Sep 6 10634 Feb 15
Do pref...............100
1 U nitfd Box Bd & P ColOO 2,533
7 Nov21
b
2 a Jan 12
4
* 78
00 c. <* «>•••»•
0a
6 78 Nov 28 17*4 Jan 20
Do p ref........ ....1 0 0 4,150
30 Western Stone.......... 100
46 29*3 J’ly 23 42 Mar 27
-26
M ining
57s
Mar’06 Adventure Con . . . . . . 25
5 3 Mar 7
4
6 3 Feb 26
4
3 6 *3
36*2 Mar 7 36*2 Mar 7
Mar* 06 A llo u e z ..................
25
29\
J’ne’ 08 Bingham Con Mining 50
293 J’nelb 4 4 34 Feb 26
4
10 "
No* ’06 Biack Mountain___.T___
7 3 J’ly 14 14*4 Mar29
4
19*2 N ov’06 D aiy-W est___. . . . . . . . 20
14*4 Mar 7 2 U5g N ov 5
4
3*3 J ’ly 26
N ov’ 06i H ubbard-E lliott.............
4% Oct 2
8 5 *4
Feb ’ 001No B utte..................... 15
85*4 F eb 23 85*4 Feb 23
6 Feb24
7 78 J ’n e l 6
7*s“ J'ne’ 06! Shannon..................... 10

H ig h N o. L o w

Amer Biscuit 6 s ................1910 F-A
Amer Strawboard 1st 6 s..1911 J -J
e
9 9 78 . . . . . . 99 7 May’00
Cass A v e & IP G (S tL ) 5s. 1912 J-J $ 1 0 1 % Sale 1013 b 1013 b
101 Mar’06
Cine Board of Trade 4s ...1 9 2 7 J-D
103 A p r ’ 04
Cine Consol Br & Mit 6 s .......
J -J
J-D
56 J’ne’ 06
55
Clilc Consol Trac 4*23....... 1939
Ciiic Edison debent 6 s___1913 J-J
100*3 N ov’ 06
101
ioT 101
1st gold 5 s .................... 711926 A -0
9 6 3 J a n ’ 06
4
Chic Auditorium 1st 5 s ... 1929 F-A 100
Ohio B ock Co 1st 4s..........1929 A -0
*99
87 F e b ’06
Chic N o Shore Elec 6 s___1912 A - 0
Chic & M il Elec B y 5s . . . . 1919 J-J
81*fl
S l 5 Sale
8
Chic Pneum Tool 1st 5s .<zl921 J -J
8158
79 N ov’ 04
Chic Rock I & Pac R R 4 s.2002 M-N
80 A p r’ 04
Collat Trust g 5s............ 1913 M-S
Commonwealth E lect 5 s.&
1943 M -S ^102 * 103 103 Oct ’06
2
88
87
Illinois Tunnel 5 s ............ 1928 J -D
97*4
973
4
Kama City B y < L t Co 5S.1913 M-N
fe
973
4
99
99
99*4
K m ckerb’cker Ice 1st 5s. 1928 A -0
95 Oct '05
Rake Street El 1st 5s.......1928 J -J
....... 100
16 M a y ’ 05
Incom e 5 s ....................... 1925 F e b
91*4
Metr W Side E i 1st 4s___193S F A 91*4 Sale 91
85 S
j
85 *3
Extension g 4 s............ ...1938 J-J
85
86
90 F e b ’ O
G
North Chic St 1st 5s........ 1909 J-J
1st 5 s ................................1916 J-J
Refunding g 4*ss.......... 1931 A-O
79 Aug’06
80 J ’iy ’ 06
N o Chic City By 4Rs ...1927 M-N 1 75
85
90*8
90
North W est’n E l 1st 4 s ...1911 M-S
90*4 90
Ogden Gas 5 s .................... 1945 M-N
92*4
92
92*4
Pearsons-Taft 5s.............1 9 1 6 J-D 100
100*3 Mar’06
97 N ov’ 06
4*40s.................. .................. . M-S
97
99 Oct *06
4‘60s Series E ........................ M-N 98
99*2 Sep ’ 06
4’808 Series F ........................ M-N
99*a
118
People's Gas R<fc 0 1st 6s. 1943 A-0 *118 Sale 118
Refunding g 5 s ..............1947 M-S * ............ 104 10 2 ^ 102*3
105
105
Chic Gas Rt<fc C 1st 5 s.. 1937 J-J 104*3
104 J ’ne’06
Consumers' Gas 1st 5s..1936 J-D
Mutual Fuel Gas 1st 6 s. 19 47 M-N
103*3 F eb ’ 06
South Side E lev 4 428...* ..1 9 2 4 J-J 10L 101*3 101 *s 101*8
102
102
Swift & Co 1st g 5 s .......... 1914 J-J 102
ioi 100 100
Union E l (Roop) 5 s.......... 1945 A-O
114 N ov’Q4
Union Pacific ©onv 4s ....1 9 1 1 WIN
United Box Board 6 s...............
75
75
77
W est Chic St 1st 5s.......... 1928 M-N
90
85
90
Tunnel 1st 5s...................1909 F-A
68*3 Sep ’ 05
69 N ov’ 06
Debent 6 s ....................... 1914 J-D
723g
Consol g 5 s ......................1936 M-N
72*3 70
W est Div City Ry 4 *38—1932 J-J
87
87
W est’ra Stone Co 5 s ....... 1909 A -0
96*3 Jan ’06

R a n g e lo r Y ea r
190 6

65
80
60
55
85
96*3

77
101*4
85
843
4
95*3
96*s

NAME

Outstand­ S u rp lu s &
In
in g
P r o fits t
19U4
S tock t

D iv id en d R ecord
In
1905

P er­
iod

L a s t P a id
%

8
Bankers N ationa l....... $ 2 ,000,000 $1,167,169
8
Q-J Oct ’ 06, 2
§34,3 L4
100,000
None J -J J’iy ’06, 5
Calumet National........
500,000 §114,195 8-j-5
10
Chicago City................
J -J J’ly ’ 06, 5
Chicago Savings.......... k 500,000 5# 73,069
12
Commercial National.. &2 , 000;000 i,9 7 6 ,6 il 12
Q-J Oct ’06, 3
8
Continental N ational.. 4,000,000 2,377,066
8
Q-J Oct ’06, 2
§4,392
Cook Co State Savings
50,000
6
6
Q-J Oct ’06, l«a
Q-J Oct ’06, 3
12
Corn Exchange N a t... 3,000,000 4,195,804 12
20,215
200,000
6
6
Dr ex el State................
Q-J Oct ’ 06, l*a
325,704
600,000
8
Drovers Dep National
8
Q-J Oct ’06, 2
200,000
§26,597
Englewood S t a le ........
Q-J Oct ’ 06, 1*2
500,000
Federal N ational........
72,213 Began basin ess Oct 16, 1905
First N ational............. 8 ,000,000 6,733,649 12
1112 Q-J Oct ’ 06, 3
First Nat Englewood..
100,000
§ 130,530 6+4
10
Q-J Oct ’ 06, 2 *a
500,000
642,324 P n v ate Ba nk
Foreman Bros B ’k ’g Co
Fort Dearbor n N at___ 1 ,000,000
318,1 80
6
6
Q-J Oct ’ 06, 1*2
500,000
175,435
Hamilton N ational___
Hibernian B ’k’ g A ss’n 1 ,000,000 l , 0 S6 ,Sio
8
8
Q-J Oct ’06, 2
71,879
Kaspar State B an k ....
200,000
200,000
20,139
Q-F Nov ’ 06, 1
Monroe N ational........
250,000
§65,313 Besran bus in ess Oot 2. 1905
Mutual B ank........... .
Nat Bank of Republic. 2 ,000,000 1,084,733
6
6
Q-J" Oct ’06, 1*2
National Rive S tock... 1 ,000,000 1,327,470 12+3 12+3 Q-J Oct ’06, 3
§7,749
50,000
6
North Side State Sav..
6
Q-J Oct ’06, 1*2
100,000
3 0,3 6 0
Oakland National........
6
6
J -J Oct ’06, 3
66,37 y
250,000
Prairie N a tion a l...___
250,000
8
Q-J Oct ’06, 2 ’
119,323 11^3
Prairie State................
Pullman Roan & Sav..
300,000
213,587
8
8
Q-J Oct ’06, 2
250,000
3,545 Began bus in ess July 3, 1906
Railway Exchange—
200,000
§53,459
4
South Chicago Savings
5
Q-J Oct ’06, 1*4
897,637
Q-J Oct ’06, 2
6
s
State Bank of Chicago. 1 ,000,000
250,000
147,573
None
Stock Yards Savings..
200^00
§36,491 Began May 1 , 190 5.
Union Bank of Chicago
200,000
§36,406 - - - » None Q-J Oct ’ 06, 1*2
Union Stock Yds State
Q-J Oct ’06, 2
8
Am er Trust & Savgs.. 3,000,000 2,374,525
7
Q-J Oct ’06, 1*4
939,164
Central Trust Co of 111 2 , 000,000
4
600,000
534,995
5 + 5 Q-J Oct ’ 06, 2 *a
Colonial Trust & Sav..
5
§69,304
6
200,000
Q-J Oct ’06, l*s
Drovers Trust & Sav..
6
First Tmftt.
Savings # 1 ,000,000 1 , 633,392
Iliinois Trust & Sav.. 4,500 000 7,403,564 1 2+ 4 12 + 4
1 Nov ’ 00 , 1
20 0 ,0 0 0
§27,057 Began Jan 3, 190 0
Kenwood Tr & Savings
§18,524 Orga nized Nov 18,1905.
200,000
Rake V iew Tr & Sav..
§3,147 Incor porate d M arch, 1905
200,000
Rive Stk Tr & Sav Bk.
12
Merchants’ R’ n&Tr Co 3,000,000 3,947,487 12
Q-J Oct ’00, 3
J -J J’ly ’06, 3
750,000
319,124
6
6
M etropolitan Tr & Sav
8
Q-J Oct ’06, 2
8
Northern Trust Co Bk 1,500,000 §1,691,504
, #0% .
200,000
45,609
c.0••
-« •««o
Peoples Trust & S a v ..
QhF Nov ’ 00 , 2
500,000 §502,634
6
Royal Trust C o ...........
6
Union Trust . Co_____ _ 1 ,000,000
625,465
283,752
6
Q-J Oot ' 0 0 . 1 %
Western Trust & Sav. lioooiooo
6
Sep 6 , 1905
200,000
14,553 Began bn sin
W Side Tr & Sav B k..
200,000
W oodlawn Tr&Sav Bk
§21,408
____ 1Q-J Oct ’ 06, 1*2

N ote.—Accrued interest urns t be added to all CM© ago bon d price s.
? P ^ d e n d s are paid Q-J, with extra payments Q-F. % Includes special dividend of 30% declared Aug. 10, 1904.
i g o v . 12, ’ 06 for National Banks and N ov. 13, ’ 06 for State institutions, except those designated by UR whioh are 0X date Sept. 4 and 5, *08# respectively.
Bid and asked prices; no sales were made on this day. t No price Friday; latest price ih u week,
c iiu e Dec. 31. b Due June, ft Due July,
k Capital and surplus to be increased.

D e c . l 1900.]

1337

THE CHRONICLE

Volume ot Business at Stock Exchanges

Ask
AS
fi Ilulimlrial mid iUiNcei mu
12
13
30 H
Cruel Die Steel.......... 100
81
8i *
l 10
Prefei red....... ........100
Cuban tis of 1896......
100 104
134
IIDiamond Match Co. 100 12 7 * 128
91
Newark Consol Gas..l<
TRANSACTIONS AT THE N E W YORK STOCK EXCHANGE
Dominion Copper (new) 1
4*
107
UCon g 5s 1948.......J5*
D A ILY, W E E K L Y AND YEARLY
Douglas Copper............ 5
No Hudson L H A Tow
36
Electric Boat.............. 10U 30
$108
) 72
Preferred................. 1(H
76
..................
4
Slocks
Week ending
10
14
Electric Vehicle........ 100
1st 6s
26
29
Eailread <ic
S tale
V S
Now 30
20
Preferred................. 100 17
68
71
Ponds
B&tuls
Bonds
Shares
Par value
iyot>
5
Empire Steel.............. 100
6
$100
103
45
47
$ 90
92 V Preferred................. 100
•865.000
480.310 $40,953,500
$60,500
42
Saturday
Federal Sugar, com.. 100 38
T d ea r Sc Telephone
73,*39,500
1,33:,500
168,000
825,745
78
Preferred................. 100 73
Monday” .............
67,049, M)0
2,063,100
274,000] « •
75
7S
NArnerTeleg A Cable 10
783,295
TGeneral Chemical ..100
|
88
90
Tuesday.............
1,949,500
132,000
IjCentral A So Aiuer. 10
48.784,000
562,815
140 L493
4 li Preferred............... 100 101 105
Wednesday........
.............. HO L I D A Y .......
6 *g
115
Gold Hill Copper........ 1 t 6
44,451,200
2,383,600
337,000
Emp A 1
509,292
75
Greene Con Copper...10 f 2 6 1
Friday................
Fran kill
Greene Consol Gold... 10 f U‘ 2 8 *
45
55
UGoid A
2
110
Greene Gold-Silver.... 10 f 1 7i
$8,688,600
$971,500
T o ta l............... 3.161.457 $274,877,700
80
GuggenheimKxplo’n.lUO 295 310
82
January 1 to Jitto SO
Week ending No* 30
Hackeusack Water Co —
JN YA N J
125 127
Sales at
93 *
flNorthwest
Kef g 4s 52 op 1 2 ...J-J $ 90
120
Bexv York Stock
95 100
Pacific A A
Hall Signal Co.......... 100
75
83
1005
1906
Exchange
1905
1906
13
Havana Tobacco Co..100
99 103
20
Preferred..................100
27*
231.448.286
263,-540,948
5.873,654
8,161,457
Stocks—N 0. shares
E lectric Com panies
66
1st g 5s June 1 ’22.J-D
70
Par vaiue........ $274,877,700 $566,779,250 $23,127,762,825 $21436.510^75 Chicago Edison Oo See
Heeker-Jonee-Jew’l Mill
lncago list
$3,600
66*4,400
$800,100
$250,000
Bank shares, par..
IjKtngsCo El LAP Co It
1st 6s 1922..............M-S 105 109
112
i 47
BONDS
N&rragan (Prov) El Co £ flOOti 103 *u H.er’ g-Hall-Mar.new.lOO
32
36
$1,713,800
$10,500
$1,083,620 NY A U ElLAPowColl > 57
Government bonds
Hoboken Land A ImplOO 200
63
64,246,250
$971,500
197,14$,$60
3,34*5,500
State bonds...........
H6s 1910................. M-N $101
75
85
564,573,900
9.365,500
8,588.600
756,*66,200
E E and mis. bonds
9
10
Houston OH............... 100
80
51
Preferred................. 100 47
$ 69 L 70
$9,560,100 $12,741300 $630,838,950 89M.499.670
Total bonds___
Hudson Realty..........100 130 140
Ferry Companies
54
Ilngersoll-Rana com. 100
1 Preferred................. 100 9 3 *
)
*4
DAILY' TRANSACTIONS AT TH E BOSTON AND T U I LA DKHPH1A
$100
InternatTBankmgColOO 135 145
EXCHANGES
10*2 11*
Int’n’l Mero Marine. 100
70
Preferred................. 100
1st 5s 1922...........M-N
31*2 32
87 4
76*2 77
Boston
P hiladelphia
$ i’05 L07
N Y & Hob con 5s ’46
Col tr d 4 V22op’07A-0
Week ending
Intemat’l Nickel___100 100 120
Hob E t 1st 5s 19461___ $108*2 110
Nov 30
Preferred................. lOu 85 100
N Y A N J 2d 5s 1946.J-J $105
Bond
Listed
Unlisted
Bond
Listed Unlisted
1906
26
28
30
International Salt....100
10th A 23d Sts Ferry 100
37
sales
shares
shares
sales
shares
shares
66
63
1st g 5s 1951..........A-O
1st inort 5s 1919...J-D $ 80
85
4
6
International Silver. 100
33
9,009
$1,000
3,610
$ie,:oo UUnion Ferry stock .100 30
5,559
Saturday....... 38,145
50
Preferred................. 100
62
Hist 5sl920 ......... M-N
91 —
13,758
75,450
6,671
9,368
17.000
Monday........ 63,033
1st 6s 1948............... J-D 108
79,100
21*440
5,7 $7
31.000
7,406
Tuesday........ 62,564
Railroad
71
73
Lackawanna Steel...100
2,657
48,700
18.000
1SL597
7,647
W ednesday. . $7,057
14*2
Lanston Monotype.___20 t 14
........ HOL ID A Y ...
Deposited stock___
Lawyers Mort insur.lOO 185 190
1
52,600
8,689
11,500
19,09$
8 ii
Friday........... 52,816
60
Undeposited stock.
IjLeli A Wilkesb Coal.50
1
Lord A Taylor............ 100 125 135
90 100
18,516
$271,950
$78,500
S8.669
82,900
T o t a l ....... 2*3,615
Preferred................. lot) 100 103
Con mtg g 5s 1930.JAJ
57*2
Income 5s 1930.............
6
HLonliard (P) pref ...100 140 150
12
73
73*
Mack \j Companies ..100
50*2 52
Preferred................ 100
Ft W A Den Cy std..l00
68*2 69
98 105
15
Great North en Ore ctfs..
25
86
863 Madison So Garden..100
4
N Y N H & Hartford75 ....«•
2d 6s 1919..............M-N
Con deb31*8 1956. JAJ $113 L14
A W eekly Review of Outside M arket w ill be found on a preceding page.
TJManhatt Beach Co.100
5*2 7
North’n Securities Stubs 175 212*2 Manh Bch Hotel A Land.
6
Penn, gu g 4 * % notes
Preferred................. 100
7
Street Railways
Street Railways
Bid A sk
82
Bid
Ask
Nov 1 1907..........MAN $ 933 99*4
86
HGem g. 4S-194U...M.N
4
North Chic Street See C hioago list Pitts Bess A L E ___
HEW YORE CITY
Manhattan Transit___20 t 5
S6
t 33
5*2
13
96 100
Pub Serv Corp of N J100
17
31
33
Mex Nat Construe.pf100
BleeckSt A Ful F stk 100
t 70
75
66tj 66
Mitchell Mining.......... 10 t 5
90
92
Tr ctfs 2% to 69b perpet
lilstinort 4s 1950 ..J-J
5*2
Coll trust 5s gold notes
Monongahela R Coal..50 f ........
HLC.stk.tr. cis.ser.A’52
8
91
%B’y A 7th Ave stk ..100 230 238
95
1909 optional___M-N $ 95
96
Seaboard Air L in e Preferred................... 50 f 25
2d mort 5s 1914 ...J-J 100 104
25*
North Jersey St Ry 100 50
Coil tr 5s 1907 op...M-S
99% 997 Mortgage Bond Co... 100
Con 5s 1943 See Stock Exch list
97*2 102*2
s
1st 4s 1948........ M-N $ 75
SeaboardCo___ See Bait Exch list
Nat Bank of Cuba___100 104 11*2
76
B’way Surf 1st 5s gu 1924 $104 106
Cons Trac of N J...1 0 0
77
78
National Surety........ 100 170 200
IjCent’l Crosst’n stk.. 100 290 330
Industrial and Jliscel
1st 5s 1933..........J-D $166 107
Nevada Cons’d Copper.5 t 19
19*2
6s 1922 ...M -N 111 116
37
New’k Pas Ry 5s ’30J-J $111 113
45
IINew Central Coal___20
t95 100
JjCenPkN <*ER stk. 100 195 200
Rapid Tran St R y..l00 250
fiChr’ t’rA 10th St stk 100 165 171
132 *2 137*2 N J Ter Dock A imp. 100
1st os 1921.......... A-O $108
Allis Chalmers Co 1st m
N Y Biscuit 6s 1911.M-S 102*2
OolA 9tli Ave 5 s See Stock Exch list
J C Hob A PatersonlOO 35
8 f 5s ’36 opt’ 16 wL J-J $ 33*2 84*2 N Y Mtge A Security. 100 19o 200
Dry D E B A B—
42
72
4S g 1949........... M-N $ 71
45
148 150 flNew York D ock___100
li s t gold 5s 1932...J-D 103 n o
So J Gas El A Trac 100 113 120
^Preferred.............. 1U0 83*2 85
130
^Scrip 5s 1 9 1 4 ___F-A 100 102
99
5
Gu g 5s 1953.......M-S $ 97
6
Eighth Avenue stk,.10u 370 385
6*2 N Y Transportation...20 1 4*4
99 101
No Hud Co Ry 6s’14J-J $108 110
55
Niles-Bem-Pond com. 100 150 L60
iTScrip 6s 1 9 14___F-A
56
23*4
Nipissing M ines....... 5 t 23
O
5s 1928..................J-J $108 110
190 195
H42d A G rStF ’y stk.. 100 375 AO
4
Preferred
HOntario Silver........ 100
55
70
Ext 5s 1924.......M-N $100 103
100
42d St M A St N AV..100
105
4*
50
54
Pat City con 6s ’31. J-D $115
43
Otis Elevator com___100
45
111st mort 6s 1910 .M-S 102 105
96
Preferred........
2d 6s___1914 opt A-O $100
Preferred................. 100
99
100 X 83*2 85
67
72
^2d income 6s 1915 J-J
So Side El (Chic) See C liicago list Amor Hardware........ 100 115 118
Phoenix Securities.......... . . . . . .
Interboro-Metropolitan—
_
Common. See Slock Ex clia’ ge list Syracuse Rap Tr 5s 1946 $105*2 106'2 Am Ice Securities_ See Stk E x list Pittsburg Brewing___50 t 31
31*2
Preferred................... 50 t 60*2 51
Am Malting 6s 1914. J - D 105 106
Preferred. See Stock Ex cha’ge list Trent P A 11 5s 1943J-D $101 104
Pittsburg Coal See Stock Exch list
95 100
4 * bonds. See Stock Exch list United Rys of St L—
2%
44
2 *2 4 *
45
Com vot tr ctfs.......100
1
Lex A y A Pav F 5s See St k Exc list
Pope Manufacturings 100
3
60
70
li Preferred...............100
81 1 81
4
35
1st preferred.......... 100
45
Metropoi Securities See Stk E x list
13
17
2d preferred............10
Gen 4s 1934___See Stk Exch list
2d preferred.......... 100
5
Metropoi btreet By See Stk E x list
10
Amer Steel Foundries—
Pratt A Whitn pref.. 100 100 103
Ninth Avenue stock. 100 170 L80 UmtRysSanFran S'eeStk Exch list
42
42 *
2
M 6s 1935........... AAO $ 97*4 98
Wash Ry A El C o .... 100
Public Serv Corp of Va—
Second Avenue stocklOO 195 203
86*4 American Surety___
1st m g 5s July 1936 opt 95
Preferred................ 100 x 86
1,1st mort 5s 1909 M-N $100 102
187 192
97*2
88
4 s 1 9 5 1 ....................J-D
88^4 Ajnencan Thread pref.. 5 \ 4
Consol 5s 1948___F-A $110 112
5 Realty Assoc (Bklyn)loO 155 160
29
30
Royal BakPowd pref. 100 106 109
350 376
AmTobac (new) com ~
J13ixth Avenue stock 100 172 175
HWest Chicago S t ___100
70
72
Prefd....... .. See S
TiCon g 5a 1936___M-N
Exch list Safety Car Heat A Lt 100 280 290
Sou Boulev 5s 1945..J-J $100 104
Exch list Seneca Mining.......... 25 f ........
So Fer 1st 5s 1919...A-G $105 106
Ga» Securities
L
Singer Mfg Co............ 100, 480 500
38
Third Avenue See Stock Exch L st
40
HEW YORK
Preferred
Standard Cordage___100
96 100
Tarry W P A M 5s 1928 $102 104
8*4 10
65
59
1st M.g.5s.’3i red.. A.O
2*2 3
104 Cent Un Gas 5s g’27MAJ $100 103
YkersstRR 5s 1946A-C a o i
17
Preferred................ 100
20
Con Gas (N Y) stk. See St R Exc h list
23
2334 AdjusLM.5s.Apr 1,1931
28th A 29th Sts 1st os ’96 $101 106
Conv deb 6s ctfs 6eeStk Exch list
Standard Coupler comlOO 44
TiTwenty-TITd St stk 100 375 400
lst«fg5s*19 op ’09.J - J 80
87
Preferred................. 100 120 130
1 Barney A Sin Car ...100
]
74
Union Ry 1st 5s 1942 F-A $105 107 TMutual G as............. 100 170 200
j
7
9
H
Preferred.............. 10U ,140 145
Standard Milling Co.100
Westcnest 1st 5s ’43 J -J $105 108
New Amsterdam Gas—
28
33
Preferred................. 100
20
21
1st consol 5s 1948.-J-J $ 98 100
BROOKLYN
79
80*2
1st 5s 1930............ M-N
N 1' A East River Gas—
61
70
1st ext 5s—See Stk
chang e Let Standard Oil of N J..100 523 526
Allan Ave 5s 1909..A-O i 99 101 v
* 1st 5s 1944.............. J-J $102 107
Swift A Co See Boston St k Exc h’ge
140 145
Con 5s g 1931........ A-O $lo5 lu7
Consol 5s 1945........ J-J $ 93 100
38
Preferred
98 luO N Y A Richmond Gas.100
130 134
1st 5s 1910-1914...J-J $102 105
B B A \V E 5s 1933..A-O
Tennessee Copper.......25 t 48*2 49
375 385
Brooklyn City stock... 10 225 230 Nor Un 1st 5s 1927.M-N $100 102
.74
Borden’s CondMilk..
Con 5s See Stock Exch list
ijTexas A Pacific Coal 100
175 183
liStandard Gas com ..100 1U0 126
110 115
1st 6s 1908..............A-O $105 110
Bkln Crosstn 5s 1908.J-J 100 102
1 Preferred........ .... 100 100 120
British Col Copper........ 5 t 13** 13 H Title Ins Co of N Y ..100 175 180
Bkn Hgts 1st5s 1941 A-O 103 107
1st 5a 1930............M-N $ 105 103
,
21
Tonapall Min (Nevada). 1 t 20
36
Bkln 0 Co A Sub See Stk Exch list
Butte Coalition Min..L5
37
OTHER CITIES
17
Bxlyn Rap Tran See btk Exch list
2
5 TrenionPotteries comlOO 15
93
93
Preferred
1 Coney Is. A BkiyD ..100
,
150
60
Amer Eight A Tract. 100 xllO 113
Preierred new ___ 100
75
39
99 ^
49
90
93
118 123
1st cons g 4s 1948..J-J
Trow Directory new..100
Preferred................ 100 x 9 8
Brk 0 A N 5s 1939.J-J 105 108
*l
S
133 136
Union Copper............... 10 t ihe
Bay State Gas............. 50
1*
90
15
94
Gr*pt ALoruner St 1st 6s 103
Union Typewr com..100
RinghaTOH*™ Gas 5s 1938 $ 96
13
1st preierred_______100 117 122
Kings Co. Elevated—
68
Brooklyn Union Gas deb
73
1st 4s 1949 See Stock Exch list
6s 1909 conv 'U7...31-S 110 130
2d preferred............ 100 117 122
3
4
9
60
Nassau Elec pref....... 100
65
7
United Bk Note Corp..60 t 67
Preferred................ 10U
75
14
Builaio City Gaa stock 101/
18
64
5s 1944................... A-O 105 108
Preferred ............... 50 t 52
1st 5h 1947 See Stock Exch list
Deb 6s 1919 op ’01M-N *74
78
96
1st 4s 1951.......... See St k Exc h list Consol Gas of N J—
Stk E X lis t United CigarMfg., pL 100 93
924 Century Realty..
4
N Wb’g A Fiat 1st ex 4 * s 100 104
United Copper............ 100 75*2 769
195 20 0
1st 5s 1936...............J-J $ 90
97
Stein way 1st 6a 1922. J-J $110 113 Consumers’ L H A Pow —
Cneeebrough Mfg
Preferred................. 100 92
420 440
OTHER CITUto
Chic Pneom Tool.
U. S. Casually............100 2 J0
Icago list
5s 1 9 3 8 ....... ....... J-D $104
40
Buffalo Street Ry—
U S Envelope com... 100
102
Elizabeth Gas Lt Co.. 100 275
105
98 101
1st consol 5s 1931..F-A $110 111
HPreferred................100
Essex A Hudson Gaa 100 122 126
104 110
42
47
Deb 6s 1917............A.O $105
US Rub 2d pf See Stock Exch list
Fort Wayne 6s 1925..J-J
Hist preferred_
_
96
Chicago City Ry
See C kicago List
60
U B Steel Corporation68
\2d preferred.....
Gas A El” Bergen Co_100
96
Oolo Industrial. He
Columbus (O) St By..lOD 101 101L Grand Rapids Gas—
Col tr s f 5t ’51 opt ’l l . . $112** u « \
k Ex list
Preferred................ 100 10J 109*) U at 5s 1915....... ..F -A $102 103
Col tr 0 t ob ’51 not opt.. $112*4 119
74
76
120
Coium Ry con 5a See Ph L a list
L
U S Tit Gn A Indam.100
1st * 6s 1917____ J-J $ 82
Hudson Co G aa.____100 111 113
87
Croeat’ wn 1st 5s ’33.J-D $107 1091* Indiana Nat A 111 Gas—
Col tr 0% Oct 1956.
97 1 0 1 ** Utah Copper Co_____ 1U t 34*4 34*
Grand Rapids Ry___100
26
68
75
1st 6s 1908............M-N’
27
W catches ter A Bronx
55
60
Preferred................ 100
69
87
9o
74
Title A Mort Guar. 100 172**
Indianapolis Gas
..50
8*s
2*4
Lake 8i (Chic) El See C hi cage lUt
Westingh Air Brake..60 1161*2 164*2
1st g £a 1952.......... A-O « 39 102
6
5S
VLoulsv St 5s 1930..JAJ $110* 111L Jackson Gas 5» g ’37.A-O $ 95 100
15
18 $ West Elec A Mfg—
LynnA Bos 1st 5s ’24.J-D $107 * n o
6U
98*
Kansas City Gas........ 100
Debenture 4s 1951 AAO
Con a f 6s ’31 Op ’12 J -J $ 93
3 i 3 36
4
* New Orl Rvs A Lgt.See Stk E x list Laclede Gas............. 100
L O Cons Storage Batteryioo
O
White Knob Min........ 10
11
8
*
~ Preferred..........Set
Stk E X list li Preferred............. 100
98
Preferred.................... 10
Corn Prod Ref See Stock Exch list
8
2f
lb 2 *
TGen M g 4 * s *35 See Stk E x list] Laray’eGaslst 6s’24.M-N
42
48
117
1 15 i ■M 1Worthing Pump pref. 100 114 |
M
'<Buyer pays accr'd ink rPrice per ah. f Sale price. a Ex-rights.rEx-div. I New stock. * SeUs ou St'k Exch., but not a very active security.

Outside Securities

<«nM V ' c n r i f i i N

LogAWabV 1st 6s»25. J-D

B ui
28
$ 106 *9
$133
90
106

BOSTON STOCK E KG ST NOB-Stock Record, Daily, Weekly and Yearly
\
M iare i>«*IC«?*»— l »( P er Centum I'rice*
4
S0.ht.rtia y
N ov 24

A'lonrt a y
N ov 26

T v es < y
fn
N ov 2 7

W ed n esd a y
N ov 28

T h u r sd a y
N ov 29

F r id a y
N o v SO

.STOCKS
BOSTON STOCK
EXCHANGE

1S ales
0/

the
! W eek
1
Shares

R a n g e /or y e a r
190 6
L ow est

H ig h e st

U ange >or Trerv lou *
Y ea r ( 1 9 0 5 )
Low est

H ig h est

R a ilroa d *
1
Santa FelOO 1 775 i 8 6 % J’ ly 12 110% Sep 11 77% Mai 93% Mar
•1 0 0 % 101 % *1 0 1 % 1 0 1 % 1 0 1 % 1 0 2 % 1 103% 103% TH A N K S- 103% 104% Atch Top
Do pref.............. 1()(
N ov ’ 06
i 98% J ’ ly 3 105 % J an 3 99% Jan 105% Sep
* 103% 1 0 2 % *101 % 1 0 2 % 1 0 1 % 1 0 2 % *101 % 102 % GIVING- 102
242% 242%
BAY
242 242
242% *242% Boston & A lbany___100
51 24o Sep 24 257% Feb 19 253 Dec 261 Apr
* 242 ........ 241 % 242
71 Il47 AnglU 160 Jan 10 152 Nov 158% Apr
151 151
150 150
152
152 Boston Elevated....... 100
153 153
" ........154
fc
N ov’ O Boston < Lowell.......10(
G
232 Nov L 246% Apr 2 £241 Ma\ 249 Mar
G
*232 ........ *232 ........ L a s t S a l e 2%ii
•
*231 *........ 231
164 165
165 165
%L02
162% Boston & Maine.......100
3 78:10 : Oct 2' 1
170 Dec 1.85 % Mar
180% Apr 2 1
164 164
105 105
Do pref...............100
165
N ov’ O
G
164 Oct H 175% May 4 1 7 1 Jan (175 A pr
J
1
301 301.
300
300 Boston & ProvidenceLOO
6 30 I N ov 2 ' 314 % Apr 24 »05 Jan '311
Dee
*30(5 305 *300 305 * ........ 303
25% 25%
625 25 Jan 17 39% Apr 7 13% Jan ! 35 51ar
26% 26%
26
26%
25%
26 Boston&Wor Elec Co___
*26 ........
Do p re f.....................
N ov’06
i 72% Jan 16 90 Apr 7 63 % Jan j 82% Apr
478
80 *........ 78 *........ 78
L a s t S a l e 80
* ........ 79
40 1156 Oct 27 |182 Jan 12 1150 Jau ■
* 160
1 6 0 % Chic June R y& U S Y100
160 160 *160 160%
82 Mar
160 100
Do nref
TOO ____ 1117% J’l v 26:127 Jan 1 C L
, 23 Noi ‘ 132 Feb
*120
........
L a s t S a he 120
N ov’O
G
L a s t S a l e 1 8 7 \ N ov’ O Con & Mont Class 4. 1 00
90 Mar24 . L
G
]87% Nov 8 •
86 Jan i i 80% 51ar
L a s t S a t e 755
Nov’ O ' Conn & Pass R iv pref 100! ........ 158 " U c t 27 163 Apr » L in Jan ft 67 ’ Aug
60
Nov 06 Connecticut River TOO _____ 2 45 (Jet 1 298 Apr 2 285 Jan i300 A up’
L a s t S a l* 285
iS5 135
135 135
94 132 Oct 27 145 Jau3' 1141 Dec ! 148 Mar
a?l33% 133% Pitch burg pref.......... 100 (
136 135
*132 165
105 105
Ga Ry < Electric
L
100
2 0 a 95 J an 8 107 Apr 2 7 1 50 % Jan 92 Oct
Do n r e f___
TOO
L a s t S a l e 92
N ov’O
G
90% J’ly 2 05 Jan 2 l 86 Jan 96 Nov
TOO .. ... |197 Mar27 198 A p r 13 |l75 Jan L92 Dec
L a s t S a l e 198
Oct J Maine Central
Ob
19
19
19
10
68 b: 17 Jan 5 23 J ’ne 8 13 Oct 23 Apr
19%
19% Mass Electric Cos___100
19
*19
19*2 19
69% 60%
69 % 69 %
*70
71
60% 69%
Do pref...............100| 247 50 % J an 2 75 J’ ne 8 55 Nov 70% Mai
69
G s
O
24% L a s t S a l e 215q Aug’06 Mexican Central.......100, ......... 21% Aug 2 2 25 > Jan 9 19% May 25% Dee
4
-24 > 25*8 *23% 24% *23% 24% *24
6
192% 193
342 100 5 ’ly 11 207 l4 Jan 27 a!92}^ Dec 315 % Sep
103 103% 102% 103
192% 192% N Y N H < Hart___100
fc
192% 103
L a s t S a l e ■5 5
Oct ’ 06 Northern N H
100 . . . . . . 155 Set) 2 163 Feb 7 164 Oct
Aug’Ob Norwich & W or pref 100
_ 228 J ’ ly 12 233 % MarlO 232 Jai _'33 * May
_
L a s t S a l e 228
202 202
' 2 0 0 % 202
202 202
121 200 J ’ ly 18 210 Jan 15 205 % Jan 2 12 Apr
*202
........ Old Colony................ 100
201 202
100 ... .. 53 Sep 2
*53 ........ *53 ........ *53 ........ L a s t S a l e 5 j % Oct ’ 06 Pere Marnnette
*53
53% Oct 1 70 Jan 102 Feb
*50 ........ *59 ........ L a s t S a l e 60
1 00 1
Do nrftf____
*50% 60
50 .Jan 15 65 Oct 11 52% Dec 87 Feb
N ov’ 06
*69*125 G
O
N ov’O Rutland pref.......... 100! ........ 47% Nov > 64 a'an 4 50 Apr 72 Jan
G
L a s t S a l e 50
95
95
100
44 65 Jan 10 9 9 Oct 2 50 Jan 67 % Aug
*95
96
95
05 Seattle Electric
*
.. 96
102 102
*1 0 L 102
10L
101
54 05 Jan 10 06 F eb20 93 % Jar 102 "s e p
*101 102
Do pref...............100
187% 188
187*2 187*1 186%187% 186% 188
186% 187% Union Pacific........... 100 3,140 139% May 2 105 Sep 4 113 Jan 151% Dec
G
91 May 3 99% Jan 2 95 Sep 101% Feb
Do pref...............100
*92 H 93% *92% 03% *02% 03% *02% 03% L a s t S a l e -92% N ov’O
i
100
N ov’O Vermont tfe Mass
G
170 Sep 24 178 Apr 4 L72 Jan 180 Oct
*171 173
L a s t S a l e >72
94
94
04
94
94
94
170 03 Nov 2 2 101 Jan 2 93 JaD . 62 Sep
03%
03% West End St.......50
*93% 94
<108 110
110 110
* 110
........
*100 ........ 110 110
Do p ref........
50
31 lo7 Sep 1 116% Apr 9 110 Dec 117 % Apr
100
25% May 9 27% Oct * 21% Jan 31 % Sep
L a s t S a l * 27%
Oct ’ 06 Wisconsin C crtm l
•
Do nref
100 ____
Oct ’ 05
L a s t a l e 60
55 % Aug 60 % Sen
A p r’ 06 W oic Nash & Rnr.fi lo o
150 Feb 5 150 '2 Feb 16 146 Mai i 5 L Nov
L a s t S a l e 150
M iscellan eou s
5 2 1 J ’l«r ] 2 34 Jan 27 19% Jan 29 % Apr
25% 25%
Amer Agricui Chem ±00
02
92
92
92
*01% 92
*01%
92
91% 02
Do p ref...............100
129 01 May 2 102 Jan 26 86 Jan 96% Sep
13% 13%
1 3 -a 14
13% 14
13% 13%
13%
13 % Amer Prieu Serv....... 50 | 045 11 J an 3 29 Mar 2 l
4% Apr 15 Dec
30% 30%
30% 31%
30
30%
Do pref............... 50
609 26 Aug 0 46 Apr 2 20 Jan j 36 % Dec
30%
30%
31
31%
1.34% 135% 135% 135% 135% 135%
134% 135
133% 134 Amer Sugar Refill___100 > 3 3 128 May 2 156% Jan 8 ! 30% Ma\ 154 % Dec
oj I d1 % 131 % 132% 132% 132% 132% 132 132
< v 131 May 2 141 Jan 2 i 32 Mai 140 % Aug
#130% 130%
Do pref...............100
136% 136% Amer Telep & Teles: 100 2,127 128 J ’ly lu 144% Jan 17 130% Dec '148 Jan
136% 13 6 v 136 136% 135% 136% 136% 137
36
36
35% 35%
35
35%
35
35 Amer Wooden........ 100
960 28 N o v l : 47% Jan -4 21 Jan 47 N ov
34% 35
103 103
102% 103
102% 103%
102% 103%
103 103
Do pref...............100
756 101 Nov 9 110% Feb 2 02% Jan ; 09 Mar
*3% 4%
*3% 4%
43 J’ ne
^
10
3% Jan 11
4 %J’ne 7
N ov 06 Boston Laud........
*3% 4% L o ,s t S a l e 4
3% Mai
*117
117 % Cumberl Telep & Tel 100
*117 u H L *117 117% 117% 117% 117% 117%
26 115 J ’ ly 30 L
18% Marl 2 116 Aug 124 Jan
*l 2 % ........... *22 % ...........
2
22% 28
22% 22%
26%
26% Dominion Iron & St .........
600 21% N ovi 3 3 4 A pr 3 17 Jau 28 Dec
8
8
“8
8%
*8
8%
”8
8%
100
*8
8% East Boston Land ...............
5 % J an 31 10 Aug 3
7 % J an
5% J ’ly
228 % 230 * ........... 228%
Edison Elec Ilium. 100
42 223 Nov26 250 Jan 13 239 Dec 347 Apr
228 228
* ........... 232
228% 228%
176 1 <6 % 176% 177
191 Jan
General Electric
ion
193 161 J ’ly 14 184 Oct 9,
58% 50
58% 59%
58% 59%
58% 58%
59%
59 % Mass’chusettsGasCoslOO 5,340 44 May 3 64% J’ne 18 38% Jan 51% Aug
85% 85%
85 % 85 %
8 5% 8 < %
>
85% 85%
530 84% Mayl7 90 Sep U 80 % Jan 88% May
Do pref ................... 100
85%
85%
206 206 *205 207
205 205
........... Mergenthaler Line . .100
*207
*205 206
3 190 Mar 2 ., 209 Oct 22 ?IS5% J’ne 206 Apr
3% 4%
4
4%
*4 %
4% Mexican Telephone.. 10 1,449
i Fell H Dec
4% 4i*i6
3 Jan 2
5% Sep 17
3%
w
3ea 4 ‘4
*50
90
57% 58% *58
58
59 %
50 , N E Cotton Y as® ___ICO
273 27 Mar 2 6 60 Nov22 25 Nov 27 % Dec
*50% G
O
80% 89%
00
90
89
89
»«•« «^
107 80 Mar 26 90% Nov 24 80 Nov 80% Nor
00% 00%
Do pref...............10#
120 120
120 1*20
*120 130 *129 130
130
130 N E Telephone.......... 100
24 128 Sep 4 141% Apr 6 131 Dec 140 % Apr
r
1 *
c
*
lo
- ...........
%A
2% .Inn
PJfl.ntflrvrp t’ fitstk com 100
%
N ov’06
% N ovl2 l 1^ Jan 15
1 Feb
*........ 10 - ........ 10 *........ 10 * ........... 10
*
S©p ’05
Do p r e f .....
100
10 Jan 17 Jan
L a s t S a l e IS 1
255% 257
257 258
256 257
260 260
279 *190 N ov30 268% Nov b 230 Mai J53 Oct
a?190
190% Pullman Co ...................... 100
*10 ...........
10% 10%
10% Feh
■+10 ........... *10
"10
9 % J an 1 1 10 ‘■ Oct 30
10
q
Reece Hutton-Hole
10
110% L ll% I l l 111
111 111
110% 110%
111
111% Swift < C o ... . . . . . . " 1 0 0
237 101% J’ ne22 120 Sep 26 100 Dec 114 Jan
fc
*20
23
*20
23
*20
23
*20
25
G
22% Jan LI 23 Feu 13 18 J ’ly 23 Jan
L a s t S a l e 2 2 % J’ ner’O Torrington Class A .. 25
*25% 27% L a s t S a t e 27% Nov'06
*25% 27% *25 % 27% *25% 27
25 J’ly 28 27% Nov 5 25 Mai 27 Aug
Do pref....... . ...... 25
*8 % 4
*3% 4
*3% 4
*3% 4
3%
3% Union Cop L’ d < M g. 25
50
2 J’n e ll
2 % May
4 % Aug
fc
4% Nov 2
10;;% 108% 108% 108% 108 108% 108% 109%
100
109 % United Fruit ........... .1.100
777 103% May 2 113% Mayl7 103 Apr 115 Feb
70% 70%
71
71
70
70%
71
71
60
70 Un Shoe Mach Cor p . 25 2,245 60 Nov30 86% Feb 11 57 J ’ne 00 Aug
29% 29 % 29
20
20%
29%
20
29%
1,725 20 Oct 22 3 2 \ J ’ly 23 £30% Dec 34% Aug
20
29
Do pref ............. 25
47% 47%
47% 47%
47% 47%
47% 47%
47%
47% U S Steel Corp.......... 100 3,2^2 32% J’ly 2 50 %Oct li| 24% May 43% Dec
105 105
105 105
105 lu5
105 105
104% 104%
799 09 J’ne30 113% Feb l! 91 May 1.07 Dec
Do pref...............100
T
95
*40 J an 2 6 *75 Sep 1 •40 Mai ‘67 % JfL i
Sep ’ 06 West End La/nd
L a s t S a l e ’ 75
9%
0%
0
0
9
9
*8% 0
9
9 West Telep & Teleg.100
57
8 Nov 7 17 % Jan 18, 11 Dec 22% Feb
79
80
80
81
80
80
*80
82
155 79 Nov2 / 98% Jan 10 90 Oct 104 Fsb
*70
80
Do pref.......... L.100
Oet ’06
73% Oct 3 86 Feb 7 82 % ()ct 92 Mar
jju>o(//oai*c 78
Do Tvrp/f
fift
75 Nov22 08 Jan 11 91 Ma> LO
O Oct
N oy’ 06
L a s t s a l e 75
M ining
5
5
5
5
4% 5
4%
4i% 6 Adventure C o n ...___ 25 4,341
4% Nov 22
4i5i< 6
5
8% Oct 11 12% Mai t 10% Oct
47
48%
45.
47%
48
40%
43
45
48
48% A llou ez....................... 25 23,461 31 *-2J’ly iO 49% Nov28 18 Apr 49 Oct
111%112% 112 3g 113 % 112% l13%
112% 113%
112% 113% Amalgamated CopperlOO 17,-01 02% J’ly 13 118 Feb It 70 Jan 111 % Dec
30
30
30% 30%
31
32
*30
31
32
34 Am Zinc Lead & Sim. 25
500
8% Aug 10 I 54 jS ot3U
I
T
8 J ’ ue 15% Dec
25
N ov’ O Anaconda,
G
57% May 2 74 Febi-1 25 % M a.j 73 % Dec
L a s t S a l e 75%
ii% i ‘%
i
11% 12
11% 12%
11^8 13 ^
12%
13% O rcadian ................... 25 15,659
2 % J ’ly 13 15% NovlO
7 Nov
1 Mai
1% 1%
1%
1%
% J’ue 5
3 Nov
1% 1%
550
2 Jan 3 *45 J’ ne
*1%
1%
*1%
1% Arnold ....................... 25
14
15 % 15
15
14%
14% 14% *14
14%
14H A tla n tic..................... 25 2,235 10% May28 28% Jan 6 12% Maj 2d % Oct
32
32
32% 32%
32% 33
32% 33
32 %
32% Bingham Con Min<fe S 50 3,47 2 25 J ’ly i 3 49% Feb 14 28 May 37 % Dec
*•65 '80
*■65 '80
*........ '80
*•65
'80 Bonanza (Dev C o )... 10
400 •45 May 20 *90 Oct 13 ’50 May '95 Oct
%
%
32
32%
31% 31%
32% 33%
31
31
32%
33 BostonConO<feG(rcts) £1 3,135 20% M ario 35% Oct 11
5% Jan 35 Dec
3 6 % 36%
36% 36%
36 *2 36%
*36
36%
36%
3 6 % Butte C oalition ........ 15 2,475 25 J’ly 13 42 Oct 4j
162 162
162 162%
161 % 163
162 163
163
163 (Ja.umet da A r iz ........ 10 o,6S2 107 J ’ly 14 163 N oy24!
855 855 *^55 860
855 860
860 865
43 675 May 2 880 Nov 1 601 J ’ne 720 Dec
860
860 Calumet & H ecla___ 25
35% 37
36% ’ 68 % 38
34
36
38%
33
33 C entennial................. 25 22,486 17% J’ly 13 38% Nov2b 16% Mar 34 % Oct
•50 *5 2
“50
“52
•51 *53
%
%
»'4 9
'49 Cons Mercur G old... 5 3,750 ar49 NovoO ■70 Jan
*30 Mai’ *75 May
83% 84%
83% 83%
84%
83
83 *
* 83
83%
84% Copper Range Con Col 00 8,732 66% J ’ iy 13 86 % Jan 2u 64 Jan 8o% Dec
20
20%
20
‘21
20% 20%
20
2U%
21
21 D a ly -W e s t................ 20 1,048 14 MarLO 21% NovlO 11% Mai 22 Nov
100
61 % Oet 25 84 Ftthix
863 Mar
4
N ov’ 06 D o m i n i o n H nal
L a s t s a t e 62%
l l 3 113
Do pref _ _ _
100
La0 Dec
48 113 N ovi? 122 Mari 9
2
2
1%
1%
400
1% J’ly 31
*1%
2 Elm R iver.................. 12
1%
1%
2% Jan 12f- 2 Mai
4 Oet
*1%
1%
21% 22%
21% 22
22% 23%
22% 23%
22%
23 Franklin............. .......... 25 6.817 14 ^ May 2 2b % Sep .7
8 Api 20% Oct
13
13 %
13
13%
13
13%
13% 13%
9% Jan 17 15 Oct 9
5 JaD 10% Dec
13%
13% Granby Consolidated, 10 2,093
26 % 26%
26% 26%
2b% 26%
26% 26%
26%
26 \ Green© Consolidated. 10 9,606 19% J’lv i2 31% Apr 16 20% J’nt 32% Dee
*4% 4i i ie
*4%
5
4% 4 ‘4
235
*4% 5
*4%
4% Guanajuato Consol.. 5
4 % J ail 5 7% Jan 18
7% Apr
3 Jan
23% 24%
24% 25
22% 22%
24% 24%
24%
26 Isle Royaie (Copper). 25 7,765
J’ly 14 29-s Jan 6 17% May 28% Jan
7% 8
8
S
8
8
8
8
6 *aJ ’ly 14 1 2 '8 Jan IS
7%
8% Mass Consol............... 25 1,292
6 Mayf 13 % Mas:
*% 1
*90 *95
•SO '90
*........ *96
*05 M ayflower................ . 25
*...........
640 •40 J’ ne27
1 % .Tan 4 •70 J'ntI l% O ct
13
14
1
14
14%
14% 14%
13% 14
14%
14% M exico Cons M & S ...1 0 5,760 13 Nov 13 145q Nov2
r<% 17%
17% 18%
18
18
18%
19% M ichigan.................... 25 10,261 10% J ’ne22 19 % Nov30 10% Jan 18% Dec
17% 1«%
73% 75
72% 73%
72% 73
73% 74%
73
74% M oliawk..................... 25 3,558 54% Mar 5 75 N ov27 48 May 64% Dec
2 % 2 % L-^16 2%
1% 2
2
2%
1% Xov27
6% Dec
7% Feb 13
2 J ’ ly
1%
2 Montana Coal & Coke 25 11,525
19 % 19%
10% 10%
19
10%
*19
19%
18%
10% Nevada Consolidated 5 2,235 11 Jan 26 2 3^ Oct 9 10% Dec 13 Dec
111%112
111% 112
*111% 112
111 % 112
111% 112 North Butte............... 15 3,709 74% Mar 6 117% Oct 3 i 34 Aug 93 Dec
*1%
2
*1%
2
*1% ‘3
*1% 1%
435 ■7U J ly 17
1%
2 Old Colony................ 25
2 N o v i 6 •75 May
2% Oct
56% 58%
57
57
56 % 57 i
57
57%
57%
67% Old D om inion............ 25 4.244 33 J ’ly 13 66% Oct 24 23% Ma' 36 % Dec
134 136
131 135
133% 136
136 137
25 6,6 i 6 93 Mar 7 137 N ov2£ 88 Feb 115 (Jet
136
137 O sceola.................. .
26
29
26% 26%
26% k6%
28% 36%
30%
30% Parrott(Silv<fe Copp) 10 10,300 22% J ’ly 14 48 J an 2 22 J ’ ne 47 Dec
1 % 1%
* 1% 1 %
1
1%
1% 1%
370 •60 May 10 1 % J an 4 •50 J’ nt
3 % J an
*1%
1% Phoenix Consol.......... 25
103 104
104% 104% 104% 104% 105 107
107■
103 Quincy........................ 25 2,275 80 J ’ly 16 L14 Jan 11 95 Mai L18 Jan
5%
7
5% 5%
7
7%
5% 6 %
6%
7% Rhode Island............. 25 19,269
3% J ’ ly 16 8 ^ Jan 10
1 % May
8% Oct
4i5ie 6
4%
4%
4% 5
4% 5
1%M
4% 415ie Santa Fe(Goid & Cop) 10 5,7 ld
3 Jan
1% J ’ly 26
o 3s N ov21
18% 18%
18% 18%
17% 17%
17% 18%
18%
18 % Shannon..................... 10 20,944
5% Jan jl 18% Nov2<v
O
9 Jan
6% Feb
100%100% 101 102% 102 106% 107 110*4
110
113 Tam arack................ 25 1,395 90 J’ ne 9 122 Jan 2 101 May 40 Mar
17% 18
17% 18%
17% 18%
17 ^ 174
25 9,284
9 Apr 28 18% Nov 30
2 Feb 16% Oct
17%
18% Tecumseh .......... .
47 % 47 % 47% 4 / %
_ _r. 25
40
49 Tennessee
*220
24% J’ne
1 L% 11% i i % 1 1 %
11
11
11
11%
7% J’nel9 13 NovD
11
11% Trinity............. .......... 25 1,305
7% Jan 13% Feb
76
76
75% 75%
75°s 75%
75a 75-)4
4
74%
75 United Copper_____ 100 1,270 57% May 2 78 Feb 7
9 Mai 75 Dec
L a s t S a l e 700
TCnv’Ofi
11 TT^hv 1
!
9%
0%
*9% 10
10
10
9%
10 Unit States Coal &OU 25
0% Sep 8 14% Mar30
9%
725
0% Apr 13% Dec
62
62%
61 % 6 2 % 62
62% 62%
62%
62%
63% U S Smelt Ref.tfeMin. 50 3,113 51 Mar 5 66 Jau 2<!
45% 45%
45% 45%
45% 45%
45% 4 5
46
46 '
Do pref............... 50 3,824 43 M ar 5 47 % Sep 17
63% 63%
63% 63%
63
63 % 63% 66
65
65 % Utah Con (Gold) . . . . . 5 s;? i6 52% J ’ne28 69% Jan 12 39% Mai 68% Nov
*6
6%
6 % 6 % _ 6 'a _ 1.
6% 6%
7
7% V icto ria ............. ...... 25 5,134
5% Nov 22
9% M arl4 c2 May 17 % Oct
11
11%
11
11
11
11
n
ii
10%
11 W inona................ .
4 J ’ly 3 13% Oct 0
25
670
7 % Dec 15 % Feb
*tO 160
160 160
160 160
161 161
*159
161 W o lv e rin e ..........
25
244 LSI Jan 30 ISO Aug31 105 Jan 34 Dec
1 2
2%e
2
2
2
2
2
2%e
2
2 Wyandot..................... 251 2,050 •70 JMy 10 2% Oct 10
2% Feb
1% J’ne
Before pay’t- of asses ^ ’ ts ca lle d in 1905. cFBsforopay’to fa s s ’ta called in 190-i. *Bidandasked. | New stock. t A ss’ tpaid. 1 Ex-rigiios. a Ex-div. A rights
|

1339

Boston Bond Record.

\)MJ. 1 190$.
o

ISO A ii?>

W oek ’ s
R ange or
L a st s a U

Jhrice
fY ic ia *
N o v oO

BO STO N OTOCK E X C H ’ G E
\ V « S ENDING N o v 3 0

R ange
S in ce
January 1

HON II.-*
BOSTON STO CK E X C U ’G E

W

eek

W eek ’ s
Rang e or
l.a st s a l e

l*rice
jb tid a v
N ov 3 0

75-S

E nding N o v 30

Ac

Since
January !

B in
A s k L ow
JUgfi ,\o
J it pn Ao Low Juan
Illinois Steel deben 5a___1910 J-J I 100 Hi........ I00*e Oct ’00
98
98% 12 97 % 100
N on-convert tie ben 5 8 ... 19 L3 a -o ; ____ UK)1 10.i% Nov *00
*
6 89% 95
90%
90%
t 1185*8 S83j la Falls A Sioux c i s t 7 s.. 1917 A O 12218........ ' - 2 % N ov’ 0*
1N7 % H87%
98 ......... 97 lv Sep VO
101 Mar’00
L04 104% Kan G Clin A Spr ls i 5 s ... 19251 A O
V
102 % N ov’ 00
99% 110.1% Kan C Ft H A Galt 1st 7 s.. 190S J-D!
C
100% 100% LOO*4 100%
Kan C Ft Scott A M Os___192S| M-N! 118% i ’l9 ” 119 N ov ’ 00
92 ......... 92 7 N o v ’O
92% 97
g
O
IKan C M A R gen 4 s.......... 19341(V S i 9 4 % ........ 94 H
i
94 %
9 2 % ___
Assented incom e 5 s .......1931 M-S
92
lid
F e b ’O
-i
92
...................
Kan C A M Uy A Br 1st 5s 1929 A-O
101 JTy VO
104% A p r ’00
5
101 S e p ’00 . . . . 101 101% Kan C s t Jo A C 1 1st 7 s .. J90, J.J| 100 100*3 100 *4 Sep ’001
Maine Cent cons 1st 7 s ... 1912iA-O
1 13 f,n 113 V
1
114 M ar’oO
114 114
Cons 1st 4 s .......................1912 A-O!
101 % Sep V 5 ___
112% Jan ’o;>
M ».\ *04 ...
1 1'
.......120
107 % ....... D>8 N ov’ Do
107% 111% Marq Hough A Out 1st Os. 1925 A-O
Mexican Central cons 4 s.. 191 i J -J , 82
84 18 < ■s N ov M« ___
1 >*
102 S e p ’ 05
1st cons me 3 s.......... Jan 1939| JTy
20
28
2 0 % •VI ’ Or . . . .
99% Oct ’00 . . . . 99
99%
*9 9 % m u
2d cons m e 3 s .......... Jan 1939 JTv I
17% A u g ’05
100 J ’ne’ Ol
i¥s% i . ’ i; 123% N ov ’ 06
123% 123% M ich T elop 1st 5 s .................1917 J - J
Minne Gen E lec con g 5s 1929 J-J '
102 *3 Avig’O l ...
111 *s J T y ’05 . . . .
4
1U01
J 8
8 6 * * 9*6"* New E ng Cot Yarn 5s-----1929 F-A! 100 100 * iOO
86
ir6
------- 86
New E n g T e le p h 08........... 1907 A-O 1
100 Oct MG ...
109 May’ 05
O s ....................................... 1908! A-O
100% Oct ’or.!....
1 0 1 A ng’O
O
100
101
5 s ........................................19151 A-O
106% A pr VG
102% J ’ly 00
102% 104
99 % 100 100 N ov’ O
99 100% Now England cons g 5s... 1945 J - J
O
boston Term 1st 4 s....... 1939 A-O
1 0 2 % J ’ ne’ oo
11>2% 105 %
101 G,......... 99 J ’ly O
101*3 Sep ’ 06
O
97% 99% Old Colony gold 4 s .............1924 F-A
«02*8 Jan ’05
91% *4 90% 94% Oreg R y A N av con g 4 s.. 1940 J -l)
91% 91% 91%
Oreg Sli Line 1st g Os....... 1922 F-A
<2121% Mar’ 06
Repub Valley 1st s t O s... 1919 J -J
103 Jan ’0
1 LOS % 107
105
105
105
98 N ov’ O
*
90
97
99% Rutland 1st con gen 4 %s. 1941 J-J
98
107*2 N ov ’ u5
Rutland-Canadian 1st 4s 194 9 J-J
102 M a i’02
122 124%
122 A p r ’06
Savannah Klee 1st cons 5s. 1952 J-J
120 F e o ’05
98*a May’00
l
100
Seattle E lec 1st g o s .........1930 F-A 104 105 104 Oct ’ U
103 Ang’ O . . . . 103 103
O
102 D e c ’ O
Terr© H aute E lec g 5s---- 1929 J -J
.'
101 Oct VO
101
101 105
101% J ’ne’ U
O
09*3
l u l % 1 0 1 % Torrington 1st g 5s.......... 1918 M-S
99*2
7103% N ov’ O
Union Pac RR A 1gr g 4s. 1947 J -J
'^
112% Jau '03
U50% A p r ’06
1st lien con v 4 s................ 1911 M-N
104 ' 104
100 104
1 .0 0
106
United Fruit con v gen 5s. 1911 M-S 1 0 6 % ....... 106*4 N ov Oc
92 S e p ’ 06
90 ___
90
97
9758 U 8 Steel Corp 10-00 yr 5 s .1963 M-N
97% Sale
98 Sep ’ 00
98 101
West End Street Ry 4s---- 1915 F -A 10u % ....... 100*8 Sep ’ 06
lu3% Sep ’05
103 JTy TO
Gold 4 %s............................1914 M-S
103 % A p r ’ 05
1023a Jan 00
Gold debenture 4 s...........1910 M-N lOO^
100% Oct ’ 00 —
99% 102%
Gold 4s............................... 1917 F-A 100 %
O
134% 137%
101*4 N ov’ 06
1 3 4 ^ ......... 134% N ov ’O
W estern Teleph A T el 5s. 1932 J-J
100 100
100
140 A p i ’ 05
. . . . . . .g g «
98%
98%
98% 11 96% 1 0 1 % W isconsin Cent 1st gen 4sl949 J -J
1194*3 Sep ’ 05
97% N ov’O
G
90% 101% W isconsin Valley 1st 7s__1909 J-J
93
109 c8 A ug’ U5

B id

Boll Telephone -la---- 1908 J - J
Am Tetap & Ted coll ti' 43.1929 J -J
A m W m Paper 1st s 16s g 1919 J -J
A teh A N ebraska 1st 7a.. 19081 M-8
A*©h T op A S F© gen g 43.. 1995 A-O
A diuslinent g 4 s___J ’ly 1995 Nov
»®*U>u E lect Light 1st 03.1908 M-S
Consol 5 s.......................... 1924 M-S
Boston & Low ell i s .......... 1907 J -l)
i t . ........................................1910 J -J
le s io n A M am e4% s.........1944 J-J
B oston Term inal 1st 3% e.l947 F-A
Bar A Mo R iy ex 6s.......... 1918 J -J
N on-exem pt 0s................ 1918 J -J
Sinking luml 4s.............. 1910 J-J
S u tto A Boston 1st 6s---- 1917 A -0
.Ceiiar aap«fc Mo R 1st 7 s .1910 Nl-N
2d 7 a .................................. 1909 J-l)
Cent Yem it 1st g 4 s ..M a y 1920 Q-F
OB A
town D iv 1 st 03.1919 A-O
Iowa D iv 1st 4 3 ..............1919 A-O
D ebenture 63................... 1913 M-N
D enver Exten 4 s.............1922 F-A
N ebraska E xton 4 s ....... 1927 M-N
B A 8 W s l 4s..................1921 M-S
Illin ois D iv 3 %s.............. 1949 J -J
Joint bonds Bee Gt Northern
Chic Jo Ry & Stk Yds 5s .1916 J-J
Cotl m ist relnncling g4sl94U A -O
Oh M*1 A St P D ub D Os.. 192U J -J
OB M A St P W is V div 031920 J -J
Chic A N o M ich 1st gu 58.1931 M-N
Chic co \Y Mich gen 5s___1921 J-D
Concora A Mont cons 4 s.. 1920 J-D
Codh A Pass K 1st g 43...194 5 A-O
Current River 1st 5s.........1927 A-O
D ei Gr Iwin * VV 1st 4 s ... 1940 A-O
fc
Dom inion Coal 1st s 1 5.3.. 1940 M-N
F itch bur v 5 s , .....................19 Us M-N
4 s ........................................1915 .VI-S
48 ....................................... 1927 M-S
Frerut Elk A M o V 1st 0 s ..1933 A-O
■Unstamped 1st Os.......... 1933 A-O
Q : N or C B A Q eoLL tr 4 s 1921 J -J
R egistered 4 s................... 1921 q - J

< ^1
j

■—

A S k ls>io

98 % Sale
90 % 91

N ote —Buyer pays accrued interest In addition to the purchase price tor ail Boston Bonds.

* N o price F riday; latest bid and asked.

Low H i y ft
100 101%
IOO 101 *3
122 *h 1-2%
97 % 100
102*o 100
117% l ‘23*ti
94 *3 99%
92
100 104%
100*4 102*3
113% 115
75% 84
19% 20 Si

97
LU
O
D»0%
104

100%
101 v
lu i%
107

LOl *3 101%
1121 C 7121%
103 ' 103
98
98*3
103 *u 109
99 *2 100
102 *3 7104%
1150 % 155
105 112%
H90 HOC^s
100*8 102%
lu 2 - 10:^%
102% 102%
1 0 0 1 102%
4
99% 103%

Fiat price.

Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
S h n re P r ic e s—Not Per Centum P rice s
saiiLTday
2 fc v 24

JU onoay
A'ov 2 6

1 u esetay
J ro v '4 7
S

W eu n esa a y
N ov 28

A C T IV E S T O C K S

T h u rsd a y
N ov 2b

B a ltim o re
Consolidated Gas.......... 100
109 109 N orthern C en tra l......... 50
21 Seaboard (n e w )..............100
24
D o 1st pref............ 100
Do 2d p r e f..__ ...1 0 0
*15% 15% United R y A E le ctric.. 50

•

109 I us
*23% 23%

109 109
23% 23%

109 109
*23% 24

*50
51
15% 15%

*50
<15% 15%

*50
*15% 15 %

52
•51% 52
52
37% 35*%
37% 37%
•12% 12%
12% 12 ’4
8
*6
32
32
•30
*30
14% 14%
•14% 15
*100 l o o % <100 107
79
79-4
79
78
2%
2%
2%* 2%,
69 %£9i^i£;
69% G9U16
48% 48^^
48
48 S
8 'if
8%
8%,
22 % 22-.
22% 22%
72 7 73%
e
*46% 46
*45
40
*47
48% 48%
48
*62% 03%
63
63
97% 98 M 97% 97%
...

52
52
37% 38
12
12*8

P H IL A D E L P H IA
I n a c tiv e S lo c k s
A lle e h tn y V a lp r e f___5C
A m erican ce m e n t....... 10
A m er Gas o f N J ....... 100
B eil T eicpn on e______ 5u
Cam bria Ir o n ............... 50
Central Coal A Coke.lOu
Consol T rac o f N J ...1 0 0
Diamond sta te S teel.. 10
P r e ie r r e d ................... 10
Easton Con E lectric 5.50
EJec Storage bate___100
P re fe rre d ................. 100
Ft W ayne-A W V ....... 100
Oerma a tow n Pass.......50
Indianapolis S t.......... 100
Indiana Union T r ___lou
In-u3'< nce Co of N A..1U
In te r Sin P ow A Cbem.50
.Keystone Telephone ..5 0
P re fe rre d ................... 50
K eyston e W a tci 1Caae.1 t>u
............... lo
LttLH S c h u y lk ill...___
M m eh il: A S c ln ijl H..5U
N H aven iron A fcUel.5
N orthern C entral........ 5u
N ortu lV ansyivam a..5U
Pennsylvania sa lt....... 50
Pennsylvania St e e l., luu
P re ie rre d . . . . . . . . . . . lo o
Phila Co (Pitta) p r e i...50
P h ilG eim au A N o rris.50
Phila T raction ..............50
Railways G eneral....... lu
Susqnch Iron A S teel..5
Tidewater S t e e l .......l u
Pr le r r e d ...................lu
Tonopah M ining of N evl
Union T r o l 1m l.........luo
U n u c ilN J RR a O ..109
Unit T rac Piets prot..5u
W arw ick Iron A s te e l.lu
WC-!?t J ersey A S ea S h. 50
W estm oreland Coal__ 5
W ilke* Gas A K iec..lU

*30
32
14% 14%
'IOO 107
78% 79%
2%
2%
69% 697i«
*48% 4 8 -v
8%
3%
22
22
737!3 74%
*45
40
*47% 48%
62% 63
97% 98
.........
R id

10
53
43

77
____ _
%
7o

.......
23
20%
11
........
a *
......
........
2%
......
103%
113
io i
46
97
%
20%

...
........
7%
00
........

A sk

109

109

i
*
$

15% 15%
*51
51%
38% 38%
11% 12
6
6
*31
14% 14%
*106 107
78% 73%
2%
2%
69
69%
^48% 48%
8%
8%
22
22%
73% 74%
*45 % 46
47% 47 %
63
03
97% 97%

t
9

W
W
Q
D
Q
M
>{
2
d
>
>
$
9

1
•
•

*51%
38%
11%
‘6
*31
14%
<106
78%
2%
69
*48
8%
21%
738ie
*45
*47%
03
97
*28

lJU lljA i> E l,P H lA

B onds
A1 V al E ext 7e 1910 A-O
10% A lt A L V E le c 1 %s’33.F-A
AniKys con v58 1911-J-D
53 % A tl City 1st 5s g ’ 1 9 .M-N
48% Bails Ter 1st 5s 1920. J-D
B ergA E B rw 1st Os’ 21 J-J
Bethle Steel Os 1998.Q-F
Che A D Can 1st 5s ’ 10 J-J
i f Choc A Me 1st 5s 1949 J-J
Ch Ok A G gen 5s *19 J-J
34
Col St Ry 1st con 5s 1932
7L
Con T rac of N J 1st 5 s .’33
E A A 1st M 5s 1920 M-N
Elec A Peo T r stk tr ctfs
........ Eq 11 Gas-L 1st g 5s 1928
11 A B Top con os ’ 25 A-U
Indianapolis R y 4s. 1933
27% Interstate 4s iy 4 3 ..F -A
n % Lehigh N av 4%s ’ 14.Q-J
R R s 4s g .......1914.<4-F
........ | Gen M 4%s g. 1924.Q-F
|
Leh V C 1st os g ’ 3 3 ..J-J
15
Leh V ext 4s 1st 1948. J -D
2d 7s 1910
M-S
Consol 6s 1923....... J-D
*
A n n u ity Os.______ J-D
........
......
Gen cons 4s 2U03.M-N
115
Leh V T rac 1 st4s *29.J-D
N ew Con Gas 5s 1948 J-D
107
Newark Pass con os 1930
48 %! |N Y PJi A N o 1 s t4s ’39 J -J
Incom e 4s 1939....M-N
97% ’ N oOlnoTrac con 5s’ 19.J-J
No Penn 1st 4s ’ 3 0 ..M-N
% •Penn gen Os r 1910..V a r
i t , Consol 5s 1 1919... Var
Penn A Md Steel con Os.
2 0 % i! Pa A N V Can 5s ’39. A O
Con 4s 1939............A-O
.......;
........ ; Penn Steel 1st 5 s ’ 17 M-N
People’ s T r tr certs 4s ’43
P C o Is tA c o ltr 5s’ 4T M-S
60
ConA col lr 5s 1051 M-N
90 ‘■ Phil Elec gold li i ;t ctfs.
j
....... j) Tru*t certifs 4 s.............

* Bi* f>xii x asaed pn:04»; no sales on tliij. d a /.

* Ex

j$iits.

( F o r R o n d s a n d I n a c tiv e
S to c k s see below J

A r id a ij
N ov 30

S a les
th e
W eek
Shares

R a n g e l o r Y ea r
1006

0/

L o w est

82 J’ne 7
137 97 JTy 3
H 5 23% N ov26
85 Sep 20
53 % Get 3u
300 14% Sep 13

R a n g e to r P r e v io u s
Y e a r (1 9 0 5 )

H ig h est

92 J’ne2()
109% N o v 2 2
32 Jan 17
91% Alar3u
62 % J an 5
19 Jan 15

P h ik u leip h ia
32 50% Sep 10 54 Jail 27
51% American R ailw ays___ 50
39% Cambria S te e l............... 50 9,909 30% Jan 5 39% N ov 20
11% E lectric Co of A m erica 10 5,747 J1 May 9 12 % Nov2«*
0
7 Gen Asphalt tr c t l s __.100
6 N ov28 14 Jan 4
32
Do " pref tr c t f s ___100
32 N ov 3 48 Jan 19
15 Lake Superior C orp___100 1,117 14% Nov26 23% Jan 15
107 Lemgli C A N a v tr ctfs. 50
101 % May 2 118 Jan 19
79% Lehigh V alley............... 50 2,730 65 May 2 86 J ’ne 8
y2o l 7i6 Oct 8 3lf>ie Jan 10
2% Marsden C o.................... 100
69% Pennsylvania R R ......... 50 3,583 61**8 J ’ly 3 73l l ie Jan 22
48% Philadelp’ aCo (P ittsb ). 50
24 47 A pr 20 a o 4 “2 Mar 20
7% Jan 11 9% 0 Oct 17
600
8 % Philadelphia E lectric?. 25
21% Pluia Rapid T ra n sito .. 50 3,122 §20% N ov21 §3 l% Jan 2 <
74 R e a d in g ......................... 6u 13,3 t 5 50% May 3 83 Jan 23
46
Do 1st p ref............ 50
4 3 % A pr 10 17)5i0 Jan 23
48%
Do 2d p ie i.............. 50
110 44% May 2 51 Jan 23
63 Union T r a c to n .............. 50
389 01% Nov2u 65 A u g 2 .
97% United Gas Iinpt.......... 50 7,053 1151 % May 10 LOl Feb 15
30 W elsbach C o ................. 100
29% A u gl4 32 Mar 1

| M id

102

il2 *
105%

*97%
105%

112**
123
97%

A sk

98

....

98**
87
07%

....

149%
97%

....
-----........

....

io i%
107%
101% 101%
99% 9 9 -j
71%
: *.50 paid.

Ma> 90
Mai 110%
34
83 Mai 91%
47% Jan 64
12 % A pi 18
83
99

48 Jan
24% May
10% Jan
8 % Dec
36 ~ Nov
14% Ma>
100% JTy
52% Jail
2 70 Dec
6518ie .via)
40% Jan
8 J ’ ne
l 17% Jan
39% Jan
45 May
42 Jan
58% Mai
90 J ’ ue
20 Feb

Ask

H A LTLUOHE
j.12% C hasC ityR y 1st 5 s ’ 23 J-J
P A E gen M 5 g ’ 20. A-O
1U3
Clias Ry G A El 5s ’ 99 M-8
Gen M 4s g 1 9 2 0 ..A A O
Ph & Read 2d 5s ’ 3 3 .A-O
Chari C A A ext 5 s .’ 09 J-J
113% 115
Con M 7s 1911.......J-D
2d 7 s............... 1910 A-O
110
City A Sub 1st 5 s ..’22 J-D
Con M 6s g 1911...... J-D
103%
City A 8 u b (W a s )ls t5 s ’ 48
E x Im p M 4s g ’4 7 .A-O
Coal A 1 Ry 1st 5 s ’ 20F-A
Term inal 5s g 1941. Q-F 121
P W A B col tr 4s ’2 1 .J-J 102
Uol A G rn v 1st Os.1910 J-J
Consol Gas O s... 1910 J-D
Portland R y 1st 5s 1930.
Rooh Ry& L con 5s ’54J-J
5 s...................... 1939 J-D
Ga A A. La 1st con us ’ 45J -J
>
U Trac Ind gen 5s’ 19. J-J
85% GaCar A N 1st 5s g ’ 29 J-J
85
Un Rys T r ells 4s’ 49JAJ
Georgia P 1st Os... ’22 J -J
U T rac P it gen 5s ’97 J-J
Ga8o A Fla 1st 5s 1945J -J
W elsbach s r 5s 1930.J-D *74% 75
W lks-B G A E con5s’55J-J ........
G-B-S Brew 3-4s 1951M-S
2d incom e 5s 1951 M-N
BALTLUORE
K noxv T rac 1st 5s ’28A -0
In a ctiv e S to c k s
LakeK E l 1st gu5s’42M-S
60
A la Cons Coal A I ion. 100
M e tSt( W ash ) Istds’ 25 F A
90
P r e i ............................lo o
Alt Ver Cot D uck 1st 5s.
Atlanta A Charlotte.. 100 19 •
I n c o m e s .........................
Atlan Coast Line R R. 100 137
N pt N AO P 1st 5s’38 M-N
Atlan Coast L (Conn)lOO 3*25 350
General 5s— 1911 M-S
90
Canton C o................... 100
95
Norroik St 1st 5 s ’ 4 4 ..J-J
13
14
Cons Cot Duck C orp...5u
North Cent 4 %s 1925 A-O
33% 34
P re fe rre d ................... 50
Series A 5s 1920___J -J
30
Georgia 8ou A FJa...lUU
Series B 5s 1920___J-J
97 100
1st pret..................... luu
Pitt Un Trac 5s 1997.J-J
80
2d p ref.......................l o o
85
Polo Val
5s 1 9 4 1
a
G-B-S B rew in g.......... 100
8 % Sav Fla A1stest 5s '34 ..J-J1
W
A-t
Seaboard A L 4s 1950 A-O
Bonds
Anacostia A Pot 5s.......... 102% 103% Scab A Roan 5s 1920.J-J
South Bound 1st 5 s ..A O
Atl A Ch 1st 7 ... 1907 J-J 103
U El LA P 1st 4 %s’29 M -N
A llan C L R R 4s 1952M-Si 95
Un Ry A El 1st 4s ’49 M-S
A tl Coast L (C t)ctfs 5s J-D; 108
Incom e 4s 1949........ J-D
Ctls o f luuebt 4 s ___J-J
ti) j
Va 51 id 1st (is 1 9 0 0 ..M-S
6-20 v r 4 s 1925..........J-J' so
91
2 d scries Os 1 9 1 1 ...M-S
Balt CPass 1st 5 s ’ l l AI-N 103
103 %'
3d sen es Os 1916..M-S
Balt Funilg 58.1916 M-N 109 %, llo%|
4th aer 3-4-58 1 9 2 1 .M-S
Exchan go 3 %s 1930 J-J 101
5tli series 5s 1920.M-S
Balt A P la tes r a m A-O 105
Va (Stale) 38 new ’ 3 2 .J-J
Balt Trac 1st 5 s.. ’29 M -N 1 12 %!
Fu ml de b12-3s 1991. J -J j
No Balt Div 5a 1942 J-D' 117 *
1
W est N C con O 1914 J -J
h
Convertible 5 s.’06 M-N ........ 1
W obV u (JAP lsiO g ’ l l J-J
CentT Ry conosl 932 M-N I 110 I
WLl A Weld 58.. 1935.J-J|
E x t & Imp 58.1932 M S J 10 .» j

P H IL A D E L P H IA

R id

91

iu’1

r 4-15 paid.

f $1*) paid.

^ ^20 oaul.

a Receipts.

H ig h est

L ow est

0 $ 25 paid.

A pr
Sep
Dec
Nov
Dec
Mar

54% Apr
32 Dec
12% Feb
17 % J an
49 Jaa
25% Mar
123% Nov
90 % N ov
5% Jan
73 % Aug
55% N ov
12% A pr
i 36 A pr
7D%6 N ot
47 'u Aug
50% Nov
63 % Oct
125% Apr
31 Nov

R id

Ask

105 107
95
93
115
114
109
102% 104
10 J M iU5 %
113% 114%
105 % 100
110\ 1 12
1U9% 110
110 110%
118
112
58 * 58%
33
33 %
105
110
115
8-1% 84%
97
09
lu8
10/
115

LO
O
112

108

1|o

1 16

114
114
82% 82 %
113
n o j 112
93
94
SH?, 89
09 % 60%
108
1 10
J 10
111
95
O
95% D ^
’ 12 114
107
108
U 7 |L1J

1340

THE CHRONICLE.

[V O L

L X X X Iil.

uucstmewt and Railroad Intelligent*.
RAILROAD

GROSS EARNINGS.

The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. T h e r e tu r n s o f th e s tr e e t r a ilw a y s a r e b ro u g h t to g e th e r s e p a r a t e ly o n a su b s e q u e n t p a g e .
Latest Gross E a rn in g s.
r o ad s

W eek or
M o n th .

.

C urrent
Y ea r.

P rev io u s
Y ea r

3
Ala Great Southern — See Sout hern Rail way.
Ala N G & Tex Pae.
53.000
54.000
N O & N E ast___1st wk Nov
24,000
29.000
Ala A Vlekabarg - 1st wk Nov
22,000
25,0-00
Vicksburg Sh A P 1st wk Nov
8,462,882 7*029,456
fc Atch Top A S Fc_ October
343,050 318,192
Atlanta A Chari------August —
05,513
120,909
AUan Blrm A A tl’ c . September
Atlantic Coast Line September 1,958,388 1,892*798
Baltimore A Ohlo_- October . . 7,321.458 6,853,792
259,262
202,058
Baeigor A Aroostook September
5,250
5,198
BeUotonte Central - _ October _ _
4,049
4*287
Bridgeton & Saoo H September
189.515
173,669
Buff Koch A Pitts— 3d wk Nov
140,163
165,392
Buffalo A Susq------ October . .
192,053 173,108
Cal North western _ _ October —
159,900, 131,800
Canadian Northern. ad wk N o v
Canadian Pacific— id wk Nov 1,378,000 1*334,000
Central of Georrla__ ad wk N ov 229,200 253,500
Central of N Jersey _ October — 2,189,890 2,158,112
2,825
2,990
Chattan Sou th ern .. 2d wk N ov
Chesapeake A O hio. September 2,144,476 2,000,285
3,286
Chesterfield A Lane September
4,051
Chicago & Alton R y September 1,111,463 1,045*340
103.680
Chic Great Western 3d wk N ov 179.371
108,825 114,614
Chic Ind & Louisv ad wk N ov
tral.
Chic Ind Sc Southern — See New
5,261,887
Chic Milw & St Paul September
6,148,512
Chic & North W est. October __
Chic St Paul M A O . O c t o b e r _ 1,415,873 1,867,479
32,560
33
Chic Term Tr R R __ 3d wk Nov
1 way.
1
Cin NO A Texes P ac — See Sout hem
Cincinnati Northern — See New York Cen tral.
Clev Cin Chic A St L — See New York Cen tral.
187,437
232,510
Colorado M idland.. September
295*517
A Col A South Sys._ 3d wk Nov 306317
27,171
Col Newb A Laur. O c t o b e r _
50,583
Capper Range------ A u g u st___
C o rn w a ll________ September
13,602
35,079
Qomwall & Lebanon September
42,761
Denver A Rio Gr_ 3d wk Nov 439,200 422*600
_
22,845
21,782
Detroit A Mackinac 3d wk Now
97*530
79,043
Det Tol A Iront Sys Sd wk N ov
17,028
29,233
Dul R L A W lnnip. September
61,674
66,449
Dul So Shore A A tl. 3d wk N ov
E r i e ______________ September 4,441,679 4,431,612
Evansville A Ter H — See R ock Island
Fairchild A N E ._ . October . .
Fonda Johnst A Gl_ September
298,906 274,052
Georgia R R _______ October
Georgia South A Fla — See Sout hern Rail way.
Grand Trunk Sys__ 3d wk Nov 876.486 791,904
Gr Trunk W est_. 1st wk Nov 115,126 114,299
30.299
22,736
Det Gr H A Mllw 1st wk Nov
38,040
40,333
Canada Atlantic- 1st wk Nov
5,919,964 5,469,193
Great Northern____ October
272,471 239,018
Montana Central- October
Total system____ October _ . 6,192,435 5,708,211
43,384
Gulf A Ship Island. 2d wk N ov
48,060
602,280 699,508
Hocking V alley____ October
4,920,342 4,351.144
Illinois C en tral____ October
Inter A Gt Northern 3d wk N ov 192,000] 159.000
clnteroceanic (Mex) 3d wk Nov
144,688
111,200
64.340
Iowa Central______ 3d wk N ov
67.630
201,908 176,608
Kanawha A M lch .. September
K&n City Southern- October . _ 778,917 632,271
Lake Erie A W est’n — See New Y ork Cen trah
Lake Shore A M Sou — See New Y ork Cen tral.
Lehigh Valley_____ October . - 3,177,149 3,031,261
Lexington A East’n September
47,275
47,549
Long Island_______ September
I n c . 25 2,999
79,292
Louisiana A A rkan. October
105,032
Loulsville & Nashv- 3d wk Nov 922,175
871.335
17,074
15,819
Macon A B in n in g -_ October - 33,034
Manistee A N o E . September
31,604
Manlstlque________ October
4,905
4,547
37.340
Maryland A P e n n .. October
36,159
141,596
147.394
a Mexican Intem at. 3d wk Nov
115,400
e Mexican R ailw ay­ 1st wk Nov 130.000
's Mexican Southern 1st wk Nov
16,786
18,248
Michigan Central
— See New York Cen tral.
Mineral Range_____ 3d wk N ov
14,544
15,678
Mlnneap A St Louis 3d wk N ov
81,025
66.609
Minn St P A S St M_ 3 d wk Nov
247,065 254,17$
Mo Kan A Texas___ 3d wk Nov 550,255 474,954
Mo Pac A Iron M t— 3d wk Nov 910.000 858.000
Central B ra n ch .. 3d wk N ov
28,000
27.000
T o t a l ___________ 3d wk Nov 937.000 8 8 6 .0 0 0
& Mobile Jack A K C A u g u s t___
120,751
57,331
Mobile A Ohio
— See Sout hern Rail way.
Nash Chatt A St L . September
924.716 869,135
285,891 244,645
a Nat R R of Mexico, 3d wk N ov
Hidalgo A N E ._ 3d wk Nov
17,824
N ev-Cal-Oregon____ October
26,769
33,701
October
Nevada Central____
8,558
5*430
N Y Ohio A St Louis — See New York Cen tral.
N Y Ont A Western September
715,767 655,980

July 1 to Latest D a te.
Current
Y ea r.

P rev io u s
Y ear.

3

$

1,097,439
505,756
528,618
29,756,479
706,589
363,787
5.706,345
28,125,241
685,755
18,602
14,346
3,434,314
597,132
682,862
3,149,100
29,610,792
4,695,294
8*997,116
59,172
6,273,478
10,160
3,254,017
3,891,584
2,476,231

912,630
402,312
346,450
25,724,902
664,678
276,573
5,195,474
25,568,514
551 *282
20,094
16,348
3,718,712
522,945
717,905
2,068,500
24,027*251
4,561,012
8,638,015
49,147
5,743,179
■8,658
3,032*277
3,489,658
2,490,191

646.910
5*241,212
99,150
142,010
57,540
135,521
8,470 v
563
491,582
1,653,622
86,083
1*376,301
13*317,380

534,103
4*688*299
90,928
117,756
47,982
110,170
8*010,748
400,709
1*583,806
37,052
1,284.777
12,797*671

241,792
1,001,669

222,822
953,448

17,845,946
2,220,755
664,634
808,484
20,573,430
964,659
21,538,089
873,293
2,433,443
18,396 282
3,447,104
2,555,085
1,271,078
600,094
2,843,868

16,297,577
2,039,944
564,692
776,910
17,654,076
877,485
IS,531,561
714,622
2,269,736
16,076,035
2,837,681
2,291,398
1,170,060
542,097
2,279,751

12,609,704 11,489,032
138,138
151,208
Inc.376 ,378
419,041
304,178
18,456,939 16,401,037
55,934
53,578
37*209
132,235
2,827,853
2,502,100
429,416

ROADS.

W eek or
M o n th .

C urrent
Y ea r.

P rev iou s
Y ea r.
%

15.461,303 13,684.980
24,233,597 22,204,452
4,829,750 4,549,441
681,151
679,735

42,131
135,447
2.350,131
2,202.700
411,492

309,492
305,149
1,561,353 1,613,243
5,525,531 4,775,180
10,201,477 8,777,678
18,567,184 10,622,336
662,322
845,313
19,229,506 17,467,649
235,046
123,989
2.804,494
5,671,068
393.112
109,158
23,012

2,543,156
4,989,017

2,368,642

2,147,457

96,379
17,169

July 1 to Latest D a te .

Latest Gross E a rn in g s .

N Y C A Hud River October __ 8,592,458 8,138,376
Lake Sh A M S ._ October
3,761,665 3,404,032
450,793 472,693
Lake Erie A West October
190,382
Chic Ind A S ou .L October ._
211,600
Michigan Central _ October
2,421,325 2,246,747
Cleve C C A St L . October __ 2,270,095 2,067,682
282,640 294,435
Peoria A Eastern October
79,180
84,730
Clncln Northern- October __
Pitts A Lake Erie October . . 1,272,168 1,174,840
R u tla n d ________ October
266,796] 252,713
N Y Chic A St L . October
843.609 843,127
241,043 246,485
N Y Susq A W est-. September
Norfolk A Western- September 2,596,395 2,398,544
N ort hem Central _ _ September 1,052,519 948,719
Northern Pacific___ Ootober . . 7,003,284 6,262,694
602,048 621,827
Pacific Coast Co___ September
d Penn— East P A E September 13059 859 12334 159
d West P & E ____ September
I n c . 66 1,400
Peoria A Eastern — See New York Cen tral.
Phila Balt A W ash. September 1,414,090 1,310,390
806,930 780,090
Philadelphia A Erie September
Pitts Cin Chic A StL October _ _ 2,724,624 2,447*184
Pitts A Lake Erie — See New Y ork Cen tral.
5,051
Raleigh A Southport September
8,118
3,628,428 3,689,337
Reading R a ilw a y .. October
Coal A Iron Co__ O c t o b e r _ 3*783*813 3,747,550
7,522.241 7,436,887
Total both cos___ October
Rich Fred’ksb’gAP September
126,724 119,915
63*231
77.366
Rio Grande J u n ct.. September
12,932
13,321
R io Grande South__ 2d wk Nov
Rock Island System October __ 5,869,337 4,842,715
z? e St L A San Fran O c t o b e r _ 4*338.7263 ,719 ,9 28
f Evansv A Ter H O c t o b e r _
204,381 202,405
9,812,444 8,765,048
Total of ail lines. October
Rutland— Sec New York Centr al
135.835 128,152
St Jos A Grand Isl. September
St L A San Fran — See Rock Island Sy stem.
St Louis Southwest- 3d wk Nov 215*336 190,830
Seaboard Air Line— September 1,188,696 1,201,450
32,498
44,645
Sierra Railway____ October _ .
141,389 127*205
Southern Indiana. _ October
cSouthem Pacific Co September 9,714,238 8,881,660
Southern Railway __ 3d wk Nov 1,075,549 1,053,247
Mobile A O h i o ... 3d wk Nov 176,466 174,921
Cin N O A Tex P_ 2d wk N ov 157,437 150,635
74,795
71,875
Ala Great South. 2d wk Nov
Ga South A F la .. September
176,528 153,517
23,992
29,615
Texas Central_____ 3d wk N ov
Texas A Pacific____ 3d wk N ov 357,909 296.521
7,605
6,357
Tidewater A W est. September
458,942 390,511
Toledo A Ohio Cent September
26,347
24,064
Toledo Peo A W est. 3d wk Nov
81,491
78,564
Toledo St L A West 3d wk Nov
3,439
3,773
Tomblgbee V alley. _ September
65,964
67,835
Tor Ham A Buffalo October ._
Union Pacific Syst. September 6,340,122 6,209,508
82,424
89,912
Virginia A So W est. October ._
502.521
W a b a sh ___________ 3d wk Nov 504,721
82,417
Western Maryland. 3d wk Nov 102,616
549,108 500,308
West Jersey A S’e . _ September
122,440
Wheeling A Lake E 2d wk Nov 132,462
15,799
14,304
W 'm sport A N Br__ neptember
649,325 609,818
W isconsin Central- _ September
22,018
23,393
W right sv A Tenn__ September
616,068
767,395
Yazoo A Miss Valley October

P eriod .

V a rio u s F is c a l Y e a rs.

Atlanta A Charlotte Air Line— Mch
Beliefonte Central_____________ Jan
Manistique
-------------------------- Jan
Mexican Railway----------- -------- Jan
Mexican Southern_____________ Jan
Jan
New York Central________
Lake Shore A Mich Southern. Jan
Lake Erie A Western------------- Jan
l Chicago Indiana A Southern Jan
Michigan Central _ ----------- Jan
Cleve Cin Chic A St Louis------ iJan
Peoria A Eastern------------------ Jan
Cincinnati N orth ern ----------- Jan
Pittsburgh A Lake Erie-------- Jan
R u tla n d ______ — - --------- Jan
N Y Chicago A St Louis_____ Jan
Northern Central---------------------- Jan
d Penn— East of Pitts A Erie— Jan
d W est of Pitts A Erie.
- - Jan
Phila Baltimore A W ashington. Jan
Philadelphia A Erie____________ Jan
Pitts Cin Chic A St Louis--------- Jan
Rio Grande Junction----------------- Dec
Texas A P a c ific ---------------------- Jan
West Jersey & Seashore----------- Jan

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

Aug
Oct
Oct
N ov
Nov
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Sept
Sept
Sept
Sept
Sept
Oct
Sept
Nov
Sept

C urrent
Y ea r.

P rev iou s
Y ea r.

33,375,425
14,939,347
1,858,975
749,593
8,992,991
9,005,7(52
1,074,925
387,148
5.043.276
1,077,852
3,279,361
718,024
7,526,577
3,089,270
25,058,980
1,787,668
38 *579 *223
I n c . 2,1

31,526,166
13,473,285
1,821,131
703,025
8,362,720
8.188.996
1,039,334
324,372
4,455,535
990,014
3.032.996
688,999
6.920.294
2,721,170
21,740,315
1,872,837
35,032,923
26,500

4,227,495
2*391,804
10,252,842

3.797.295
2,298,009
9*291,320

.19,832
13,884,105
10,242,481
24,116,586
414,397
202,861
233,991
19,726,694
15,881,442
808,879
36,417,015

15,144
13,789,754
10,439,029
24.228,783
380,405
172,763
215,050
17.915.078
13,971,587
777,414
32.664.079

432,245

406,527

4,089,763 3,522,095
3.546.138 3,425,400
127,365
165,629
546,962
477,347
28,671,713 25,662,778
21,955,341 20,561,092
3,872,525 3,414,751
3,229,080 2,974,523
1,473,773 1,338,696
515,801
447,988
381,983
447,323
5,794,070 4,526,240
22,446}
21,099
1,334,829 1,128,512
500,636
532,881
1.646.276 1,668,018
15,315
10,198
261,795
238,154
18,913,650 17,423,956
324.554
342,829
11,365,810 10,016,144
2,101,718 1.850,313
2.050.139 1,929,539
2,343,342 2,124,005
50,044
54.083
1,940,662 1,842,216
54,606
50,807
2,723,690 2,062,880

Current
Y ea r.

31 32,036,362
31
46,586
88,366
31
7 5,971,100
7 1,061,237
31 76,254,649
31 35,546,443
31 4,384,354
31 1,895,856
31 21,612,133
31 20,368,280
31 2,536,481
31
862,909
31 12,090,432
31 2,345,720
31 8,165,360
30 8,565,064
30 10S406 072
30
I n c . 6,5
30 11,740,906
30 6,057,726
31 24,405,401
30
573,586
21 12,397,558
SO 4*220,691

P rev iou s
Y e a r.

51*908,907
49,574
83,726
5,333,800
1,029,384
70,715,729
31.640,229
4,110,502
1,739,898
19,0S9,879
18,420,019
2,346,238
704,021
10,508,827
2,132,306
7,375,906
7,717,264
97,007,772
34,900
10,867,306
5,943,102
21,830,245
483,799
10,172,224
3,761,791

AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M o n th ly S u m m aries.

3rd week Sept
4th week Sept
1st week Oct
2d week Oct
3rd week Oct
4th week Oct
1st week Nov
2nd week Nov
3rd week Nov

(43
(41
(43
(43
(43
(39
(44
(43
\S7

roads)
roads)____
roads)____
roads)____
roads)____
roads)___
roads) —
___
roads)__,__
roads)____

C v r'n t Y ea r P r ev 's Year.

6
10.517.002
13,560*315
10.170.700
10*735,986
11,035,972
16,733,537
10,509,849
11*028,072
10,203*272

$
9,298,534
12,823*209
9*249,351
9,750,257
9,778,276
14,263,160
9,584,752
9,938,002
9,620*255

I n c . or D e c .

$
+ 1,218,528
+ 737,106
+ 921,349
+ 985,729
+ 1,257,696
+2.470.377
+925*097
+ 1*000,070
+563*017

%
13.14
5.75
9.96
10.11
12.86
17.39
9.65
10.97
6.06

M o n th ly Sum m aries.

Month
Month
Month
Month
Month
Month
Month
Month
Month

Feb 1906
Mch 1906
April 1906
May 1906
June 1906
July 1906
Aug 1906
Sept 1906
Oct 1906

(118 roads) _
(110 roads).
( I ll roads).
(124 roads) _
(113 roads).
(117 roads) _
(118 roads) _
(122 roads) _
(68 roads).

C u r'n t Y ea r Prev*s Year. I n c . or D e c .

$
142*656,542
159,258,890
136,685,537
152,183,742
146,010,301
168,336,461
179*191,945
184,551,471
86,795,590

112*895.257
143,978,440
128,005,775
138,557,872
130,233.293
148*013,565
159.835,022
171,553,520
78,007,440

-f-29,761 *2S5
4-15*280,450
4-8,679,762
+ 13,625,870
+ 15,777,008
+ 20,322,896
+ 19,356,923
+ 12,997,951
+8,786*150

26*36
10.61
6.78
9.83
12.11
13.73
12.11

7.58
11*20

a Mexican currency, b Includes earnings of Gulf Sc Chicago Division, c Includes the Houston A Texas Central and its subsidiary lines in both
years, d Covers lines directly operated, e Includes the Chicago A Eastern Illinois in both years, f Includes Evansville A Indiana R R . h Includes
earnings of Col. A South., Ft. W orth A Denver City and all affiliated lines, excepting Trinity A Brazos Valley R R . k Includes In both years earnings
those of the Indiana Illinois A Iowa
of Denver Enid A Gulf R R ., Pecos System and Santa Fe Prescott A Phoenix R y . I Figures prior to April 10 1905 are tl
and Indiana Harbor of Indiana.

THE CHRONICLE

D e c . 1 1906.]

Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the third
week of November. The table covers 32 roads and shows
6 .1 3 % increase in the aggregate over the same week last
year.
1906.

T h ird week o f N ovem ber.

ButTalo Rochester & Pittsburgh
Canadian Northern________ ___
Canadian Pacific______________
Central of Georgia-------------------Chicago Great Western _______
Chicago Ind Sc Louisville______
Chicago Terminal Transfer____
Colorado & Southern (including
Ft W orth & Denver C ity )-----Denver Sc Rio Grande_________
Detroit & M ackinac................... ..
Detroit Toledo & Ironton_____
Duluth South Shore & Atlantic.
Grand Trunk of Canada—
Grand Trunk W estern_____ v
Detroit Gr Haven & MUw__
Canada A tlantic_______ _____
International & Great Northern
Interoceanle of M exico...........
Iowa Central____ _ _________
_
Louisville Sc Nashville_________
Mexican International_______
Mineral R ange. _ _________
_
Minneapolis «i- St Louis.
__
Minneapolis St Paul & S S M ___
Missouri Kansas & T exas______
Missouri Pacific & Iron M tn____
Central Branch_____________
Mobile Sc O hio________________
National R R of M exico_______
St Louis Southwestern________
Southern R ailw ay......................
Texas C en tral.. __ _ ______
Texas & P a cific________ . . .
T oledo Peoria & W estern...........
T oledo St Louis & W estern____
W abash________ _
Western M aryland............. ...

1905.

In crea se. D ecrea se.

$
189,515
159,900
1,378,000
229,200
179.371
108,825
33,322

$
173,669
131,800
1,334,000
253,500
163.680
114,614
32,560

$
15.846
28,100
44,666

306,S17
439.200
22,845
79,043
66,449

295,517
422,600
21,782
97.530
61,674

11 .300
16,600
1,063

876,486

791.904

84,582

192,000
144.68S
67,630
922,175
140.668
15,678
66,609
247,065
550,255
910.000
27,000
176,466
285,691
215,336
1,075,549
29,615
357,909
24,064
78,564
504,721
102,616

159,000
111.200
64.340
871,335
131.917
14,544
81.025
254,178
474,954
858,000
28,000
174,921
244,645
190,830
1,053,247
23,992
296.521
26,347
81,491
502,521
82,417

33,000
33.48S
3.290
50,840
8,751
1,134

Total (37 r o a d s _______ 2____ 10,203,27 2 9,620,255
Xet increase (6 .0 6 % )________

15,691
762

4,775

75.301
52,000
1,545
41,046
24.506
22.302
5 ,623
61.388
2,200
20,199
659,332
583,017

$

24,300
5,789

18.4S7

14,416
7,113
1,000

2,283
2,927

1906.

1905.

In crea se. D ecrea se.

$
$
9,669,188 1,106,363
74.795
150,635
6,802
43,384
5,276

$
25,451
2,920

Total (43 roads)_____________ 11,028,072
Net Increase (1 0 .9 7 % )______ .

9,938,002 1,118,441
1,090,070

28,371

Net Earnings Monthly to Latest Dates.— The table fol­
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Nov. 24 1906. The
next will appear in the issue of Dec. 22 1906.
C u rren t
Y e a r.
R oa ds.
$
A tch Topeka Sc S F_b__ _Oct 8,462,882

P r ev io u s
Y ea r.

------- N et E ar n in es ----C u rren t
Y ea r.

R oads.

P rev io u s
Y ea r.

S
$
$
7,029,456 d Z , 692,611 d 2 ,885,485
25,724,902d ll ,948,414 dd ,725 ,305
352,102
410,317
818,836
3,197,705 1,156,714 1,521,953
60,685
140,163
55,310
225,274
522,945
196,389
5,722.767 2,784,827 2.274,071
20,021,251 10,057.149 7,479,505
320.581
411,591
1,080,492
933,002 1,194.483
3,805,012
1,934
1,503
3,286
4,032
3,439
8,658
6.852
6,186
27,171
21,737
24,635
90,928
18,914
77,948
21,957
76,898
83,002
337,090
def899
2,278
569
8,044
def2,670
1,007
97d On?
89,924
113,793
238,090
330,857
953,448

July 1 to Oct 31
_ 29,756,479
Buffalo R och Sc P itts, b. -O ct
815,394
July 1 to Oct 31 . _
2,865,832
Buffalo Sc Susq . .
a _Oct
165,392
July 1 to Oct 31 __
597,132
Canadian Pacific a
Oct 6,946,605
July 1 to Oct 3 1 .. . . .25,237,792
Central-of G eorg ia .a _ -O ct 1,085,756
_
July 1 to Oet 31 _
3,962,694
Chesterfield & L an cas.b . .Sept
4,051
July 1 to Sept 3 0 ..
10,160
Colum X ew b'y& L au r.a -O ct
29.044
July 1 to Oct 31 _
99,156
Detroit Sc M a ck in a c.a .. -O ct
105,665
July 1 to Oct 31
422,485
Fairchild Sc Northe’ n .b . -O ct
1,627
July 1 to Oct 3 1 ..
5,586
Georgia R R a
qoa
July 1 to Oct 3 1 ..
1,001,669
Greenwich Sc Johnsonville. b—
July 1 to Sept 30. _____
6,930
5,908
17,715
21,832
Jan 1 to Sept 30______
19,252
53,010
18,755
56,883
Gulf Sc Ship Island, a _ Oct
_
39,140
55,507
192,977
161,956
July 1 to Oct 3 1 ..
157,332
186.470
773,219
623,813
Hocking V alley, a _____ -O ct
205,506
242,217
602,280
599,508
July 1 to Oct 3 1 ..
896,852
895,239
2,433.443 2 ,2 69,736
Hudson Rlv El Pow C o . . Sept
29,900
78,730
69,530
34,668
July 1 to Sept 30._
91.479
102,735
209,365
230,808
Iowa Central, a................ -O ct
h \ 18,233
284,654
*85,066
301,820
July 1 to Oct 3 1 ..
*329,752
*232,804
1,072,000
980,650
Keystone Telephone Co of
Philadelphia................. Oct
30,331
36,107
80,848
68,575
July 1 to Oct 31...........
204,804
131 ,242
295,279
123,668
Lehigh Valles', b .........
.O ct 3.177,149 3,031,261 Ol ,287,627 01,302,951
July 1 to Oct 3 1 .. ____1 2,609.704 11,489,032 05,474.370 04,833.425
Lehigh Valley leased lines In New York State, b —
July 1 to Sept 30........... 2.940,000 2.629,029 1,197,892
895,072
Jan 1 to Sept 30........... 7,271,548 7,021,854 2,2 81,193 2,059,580
Louisiana Sc Arkansas.a .O ct
31.701
79,292
30,489
105,032
July 1 to Oct 3 1 ..
136.054
304.178
120,789
419,041
Maryland Sc Pennsylv. a .O ct
15,194
37,340
14.871
36,159
July 1 to Oct 3 1 ..
50,728
52,545
132.235
135.447
*121.841
Minneapolis Sc St Louis.a1 Oct
*178,882
384,686
346,134
*529.503
*608.178
July 1 to Oct 3 1 ..
1 .344.320 1.370,841
New York Sc Pennsylvania, b—
8,013
6.860
28,496
July 1 to Sept 3 0 ...........
27.427
21,361
Jan 1 to Sept 30______
80,911
78,544
21,182

Net EarningsC u rren t
Y ea r.

P rev io u s
Y ea r.

$
621,827
1,872,837

$
129,118
380,829

$
151,983
453,179

___Oct 3,828,428 3,680,337
13,884,105 13,789,754
Coal & Iron Co b _ Oct 3,703,813 3,747,550
_
10,242,481 10,439,029
_ Oct 7,522,241 7,430,887
_
24,228,783
- - Oct
July 1 to Oct 31
Dtal all c o s .b ____ _ _Oct
July 1 to Oct 31[______
---- Oct 5,369,337 4,842,715
19.726,694 17,915,078
1. a .O ct 4,338,726
3,719,928
July 1 to Oct 31 ______ 15,881,442 13,971,587
Evansville & T H . a, - Oct
202,405
20 1,381
July 1 to Oct 31
808,879
777,414
9,912,444 8,765,048
July

1 ,556,900
5,499,945
249,746
310,341
1,806,646
5,810,280
132,830
521,984
1 ,939,476
6,332,270
1,883,208
0,633,000
1,490,759
5,501,106
95,168
382,725
3,469,195

1,613,658
5,958,172
322,152
566,649
1.935,810
6,524,821
119,100
472,640
2,054,910
6,997,461
1 ,621,424
5,594,519
1,229,305
4.675,318
95,222
369,646
2,945,951

. .Sept

$
602,048
1,787,668

Reading: Company—

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
d The com pany now Includes earnings o f the Denver Enid & Gulf R R .,
Pecos Valley system and Santa Fe Prescott & Phoenix R y. in both years.
For October taxes and rentals amounted to $213,163, against $196,839 In
1905, after deducting which, net for October 1906 was $3,479,448, against
$2,688,646 last year. From July 1 to Oct 31 1906 taxes and rentals were
$835,968, against $773,437 last year.
* For Oct. 1906 additional income was $4,493, against $3,373 In 1905,
and from July 1 to Oct. 31 was $20,395 in 1906, against $16,249 in 1905.
k For Oct. 1906 additional income was $28,261, against $15,688 in 1905,
and from July 1 to Oct. 31 was $88,726 in 1906, against $54,141 in 1905.
o Including other income, total income (exclusive of results o f coal
companies) for October is $1,399,184 in 1906, against $1,360,358 in 1905
and for period from July 1 to Oct. 31 is $5,909,160 in 1906, against $5,081430 in 1905. Deductions from, total income for additions and im prove­
ments were $128,685 in October 1906, against $49,532 in 1905, and from
July 1 to Oct. 31 were $703,391 in 1906, against $358,927 last year.

Interest Charges and Surplus.
— I n t ., R en ta ls, dec .—
C u rren t
Y ea r.

$
Previously reported (40 roads) - 10,750,100
Alabama Great Southern_
_
71,875
Cincinnati New Orl & T ex P ac-_
157,437
Gulf Sc Ship Island. _ ________
4S.660

---- G ross E a rn 'g s -------

-Gross E a rn 'os
P rev io u s
C u rren t
Year.
Y ea r.

76,315

For the second week of November our final statement
covers 43 roads and shows 10.97% increase in the aggregate
over the same week last year.
S econ d week o f N ovem b er.

1341

P r ev io u s
Y ea r.

R oa ds.
$
$
Georgia R R _
Oct
a51,415
a51,983
July 1 to Oct 31
fl207,932
(7205,661
Greenwich & Johnsonville—
July 1 to Sept 30______
4,700
4,600
Jan 1 to Sept 30
_ _
13,900
13,500
H ocking V a lle y ______ . - Oct
05,514
62,930
July 1 to Oct 31_
250,771
271,597
Lehigh Valley leased lines In New York State—
July 1 to Sept 30______
279,262
273,862
Jan 1 to Sept 30 ____
769,987
816,986
Maryland&Pennsyl vania Oct
3,958
3,833
July 1 to Oct 31 _
16,182
151
333
New Y ork Sc Pennsylvania—
July 1 to Sept 30
6,019
5,277
Jan 1 to Sept 30______
16,447
15,861
890,500
Reading C o_- , ___ -_O ct
868,500
3,562,000 3,472,144
Juiy 1 to Oct 31

— B a l . o f N et E ’ n g s .—
C u rren t
Y ea r.

P r ev io u s
Y ea r.

$
#37,949
#33,924

$
£63,352
£131,190

x 2 ,516
£6,154
£158,237
£693,743

£1.578
£6,335
£176,179
£636,611

918,630
1,484,206
11,236
34,546

621,210
1,242,594
11,038
37,212

1,994
4,914
1 ,048,976
2,770,270

1,583
5,321
1,186,410
3,525,317

£ After allowing for other income received.
a Includes road rental (paid b y lessee) and other deductions,

STREET R A ILW AYS AND TRACTION COMPANIES.
Latest G ross E a rn in g s.
N am e of
R oa d .

W eek or
M o n th .

Albany & H udson___ September
aAmerican R ys C o___ October __
cAur Elgin & Chic Ry October __
Binghamton R y _____ October __
Birin R y Lt & Power September
Boston & W orcester. A u g u s t_
_
Brockton & Ply St Ry September
Burlington (Vt) Trac October __
Camden&Trenton R y September
Cape Breton Elec Co_ September
Cent Penn Traction _. October
Chari Con R y Gas&El October
Chattanooga Rys Co_ September
Chicago & Mllw Elec_ October __
d Chicago & Oak Park October
Cleve Painesv & E ___ September
_
Cleveland & Southw. O ctober_
Columbus R R Co____ September
_
Dallas Elec C o rp n _ A u g u s t _
_
Detroit Mon & Toledo 3d wk Nov
Detroit United R y ___ 3d wk Nov
Duluth Street R y _ 3d wk Nov
_
E Liverpool Tr&LtCo September
East St Louis & Sub_ October
El Paso Electric_____ September
Ft W ayne Sc Wabash
Valley Traction__ September
Galveston Electric Co September
Georgia R y & E le c .. J u l y _____
Hartf & Spring St Ry September
Havana Electric R y . Wk N ov 25
Honolulu Rapid Tr &
Land C o __________ September
Houghton Co St Ry _. September
Houston Electric Co. September
Illinois Traction C o .. October
Indianap Col & South September
Jackson Consol T rac. October __
Jacksonville Elec Co. September
Kan City R y & Light October ..
Lake Shore Elec R y . September
Lex & Interur Rys Co October . Lorain Street R y ____ September
October . .
Madison Sc Int Trac
Manila Elec Ry Sc Ltg
Corn— Ry D ept_ September
_
Lighting D e p t ___ September
Met West Side Elev. .' October
Mllw Elec Ry Sc Lt Co October . .
Mllw Lt Ht S cJ r C o . . October . .
Wk Nov 24
Montreal Street Ry
Nashville Ry Sc Lt.
October
N J Sc H R Ry & FyCo October . _
N O Ry Sc Light C o .. September
Niagara St C Sc T o r .. October . .
Nor Ohio T r Sc Lt C o. September

C urrent
Y ea r.
$

P r ev io u s
Y ea r.
$

36.499
230,005
109,738
21,968
166,812
67,136
12,236
7,409
21,564
24,267
60,768
51,924
47,830
88.905
74,331
29,411
56.499
17,792
84,527
4,704
99,171
14,971
31,220
190,945
35.905

34.323
217,456
100,948
22,728
140,998
63.324
10,104
7.161
14.128
21.572
55,447
48.128
62,028
73,263
25,695
48,729
15,321
85,575

1 to latest d ate .

Jan.

C u rren t
Y ea r.

$

P rev io u s
Y ea r.
$

2,288,184

2,066,003

255,249
1,392,001
348,299

234,085
1,144,069
313,983

567,917
536,466
370,360
722,448
691,125
207,636
539,133

490,584
493,683
473,890
673,738
1S5.319
449,432

91,816
13,161

6257,792
5,120,553
681,990

4,541,940
586,719

159,722
24,979

1,524,342
279.777

1,305,213
208,592

106,811
31,821
237,100
21,199
30,405

85,855
24,700
202,994
14,038
28,813

821,178
237,314

700,704
199,267

136.7 91
1,379,050

107*477
1,291,295

30.885
22,689
52,535
280,339
24,910
11 ,025
26,968
531,671
89,023
46,482
13,191
11,675

26,554
20,338
45,432
233.930

37,500
34,000
221 .140
307,475
56,539
59.988
132,61 1
35.197
441 .807
22.058
95.393

99 '>9 7

10,0 57
25,070
466,860
79,600
l l “,512
9,098

240,066
258,374
171 ,372
118,458
428,874
372.340
2,443,647 1.976,682
177,727
154,158
104,849
124,025
234,272
233,798
4,519,1 11 4,001,046
664,804
589,068
44 3,5501
93,38 1
108,209
93.859
106,974

386,000
270,750
204,585 2,022,909 1 ,859,036
278,391 2.894,178 2,653,661
514 .701
591.581
50,475
54,135 2 .863 ,965 2,499,559
102,556 1 ,138.073
947.858
35.671
366,892
301,911
351.849 4,218.184
21,571
225.4471
210.484
88.2 681 770.395
716.513

iM test G ross E a rn in g s.
N a m e of
Hoad.

C urrent
Y ea r.

W eek or
M o n th .

N o r f 6c Portsm Tr Co September

Northern Texas Tr Co September
Northwestern E lev_. October _.
Oklahoma City R y . October
Peekskill Light 6c R R September
Pitts M’ K 6c G reen .. September
Portland Rys C o .. .. September
Puget Sound Elec Ry A u g u s t _
_
St Joseph (Mo) R y Lt
Heat 6c Power Co - _ October .. _
Savannah Electric Co September
Seattle Electric C o_ A u g u s t___
_
•South Side Elevated. October _.
Syracuse Rap Tr R y . October _ _
_
Tacom a R y 6c P Co._ A u g u s t _
Tampa Electric Co..- September
Terre Haute T 6c L Co September
Toledo R ys & Light. October
To! Urb 6c Inter R y _ . October . _
T oledo 6c W estern_ September
_
Toronto R a ilw a y___ W k N ov 24
Tri-City R y 6c Lt C o. September
Twin City Rapid Tran 3d wk Nov
United R R of S F . . . October
Unlted Rys o f B a lt.. September
United Rys of St L__ October _ _
Wash Alex 6c Mt V er. October _ _
Western Ohio R y Co. October
'Whatcom Co R y & Lt
O o _______________ September

P rev iou s
Ye ar.

J a n . 1 to latest date.
C u rren t
Y ea r.

$
$
*
968,162
118,590 102,209
_____
70,338
57,973
136,933 124,995 1,228,403
10,800
15,835
146,573
108,812
13,547
11,453
17.785
171,069
2 J 6-17
AU47.982 215,360 k l ,237,578
. _____
56,538
87,253
69,438
49,805
269,853
145,044
95,923
76,035
40,023
78,820
176,960
28,792
21,654
58,087
144,442
108.579
^541,008
622,841
831,460
22,671
35,040

65,043
48,721
224,936
143,877
83,728
63,865
33,034
54,987
165,511
26,766
25,108
51,217
121,011
95,717
638,319

23,369

$
874,657
1,151,374
92,421
141 ,273
1 ,397,321
617,832
431,759
_____
1 ,356,302
790,385

14,661

758,710
25,156

691,670
473,674

P rev io u s
Y ea r.

1,432,208
901,698
——- w—
339,882
588,485
1,688,034
289,232
177,648

294,714
455,899
1,573,293
252,004
180,236
__ ___
_

5,008,867

4,194,032

4.898,699
7.608,284
235,284

7,014,783
210,838

a Figures for the month in both years include operations of the Scranton
B y ., acquired Jan. 1 1906. b Total is from March 1. c These figures are
for consolidated com pany, d These are results for main line, h These are
early preliminary returns; decrease due to earthquake, fire and strike
among employees, Aug. 26 to Sept. 5 1906.
k Decrease due to Lewis &
d a r k disposition last year.

Street Railway Net Earnings.— In the following we show
both the gross and the net earnings to latest dates of all
STREET railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month we bring together all
the roads reporting, as is done to-day. Besides the companies
furnishing monthly returns, we have added this time the roads
which make quarterly returns.
-------G ross E a r n ’gs -----------------N et E arn in gs ------C u rren t
Y ea r.
R oads.

V L L X ltl
O. XX

LHE CHRONICLE

1342

$
3 6 ,4 9 9
1 1 8 ,1 9 9

A l b a n y & H u d s o n . a ___S e p t
J u ly 1 t o S e p t 3 0 _______
A u b u r n 6c S y r a c u s e , b —
1 1 6 ,0 2 4
J u ly 1 t o S e p t 3 0 _______
J a n 1 t o S e p t 30
2 5 9 ,8 1 0
A u r o r a E lg in 6c C h i c . b ___ O c t
1 0 9 ,7 3 8
J u l y 1 t o O c t 31
5 0 2 ,8 2 1
B in g h a m t o n R y C o ______ O c t
2 1 ,9 6 8
J a n 1 t o O c t 31
_ _
2 5 5 ,2 4 9
J u ly 1 t o O c t 31
___
1 1 6 ,8 4 4
B r o c k 6c P l y m S t R y . a . S e p t • 1 2 ,2 3 6
B r o o k ly n H e ig h ts R R . b —
J u ly 1 t o S e p t 3 0 _______ 3 ,7 5 4 ,5 3 5
J a n 1 t o S e p t 3 0 ______ 1 0 ,3 2 0 ,3 7 2
B fe ly n Q u e e n s C o & S u b . b— ■
J u ly 1 t o S e p t 30
4 2 2 ,9 3 1
J a n i t o S e p t 30
1 ,1 8 1 ,0 9 9
C 'o n e y Isl & G r a v e s ’ d . b —
J u ly 1 t o S e p t 3 0 _ _
3 8 ,3 9 6
J a n 1 t o S e p t 30
. . .
5 1 ,3 8 6
N assau E le c tr ic , b—
•July i t o S e p t 3 0 _ _ _ _
9 4 0 ,1 9 5
J a n 1 t o S e p t 3 0 _______ 2 ,5 4 3 ,9 0 3
C a p e B re to n E l C o .a .. S e p t
2 4 ,2 6 7
C e n t r a l P e n n a T r C o _____O c t
6 0 ,7 6 8
J a n 1 t o O c t 31
5 6 7 ,9 1 7
C h a r le s t o n C o n s o l _ b ____ O c t
5 1 ,9 2 4
M e h 1 t o O c t 31
. . .
4 3 2 ,1 6 0
C h a t t a n o o g a R y s C o ____ S e p t
4 7 ,8 3 0
J u ly 1 t o S e p t 30
___
1 4 5 ,9 7 3
C h ic & M ilw E l e c t .
.O c t
8 8 ,9 0 5
Jan 1 to O ct 3 1 ..
7 2 2 ,4 4 8
C lo v e P a in s V & E a s t. a . S e p t
2 9 ,4 1 1
J a n 1 t o S e p t 30
2 0 7 ,6 3 6
C le v e & S o u t h w e s t e r n . _ O c t
5 6 ,4 9 9
J a n 1 t o O c t 31 .
5 3 9 ,1 3 3
C o lu m b u s R R C o . a _____S e p t
1 7 ,7 9 2
C o n e y Is l & B k l y n . b— •
J u ly 1 t o S e p t 30 _
5 5 1 ,7 8 7
J a n 1 t o S e p t 3 0 _______ 1 ,3 3 4 ,2 8 6
D a lla s E le c C o r p . a ____ A u g
8 4 ,5 2 7
D e t r o i t U n i t e d __
O ct
4 8 0 ,3 4 8
J a n 1 t o O c t 3 1 _______ 4 ,8 2 7 ,4 9 0
D u lu t h S t R y C o b . _ _ O c t
6 6 ,4 2 2
J a n 1 t o O c t 3 1 _______
6 3 6 ,8 9 2
B a s t St L o u i s & S u b u r b - O c t .
1 9 0 ,9 4 5
J a n 1 t o O c t 3 1 _______ 1 ,5 2 4 ,3 4 2
E L tv e rp T r & L t C o . b . .S e p t
3 1 ,2 2 0
N o v 1 t o S e p t 3 0 _______
3 0 1 ,4 3 8
E lm ir a W a t e r L t 6c R R C o . b
R R C o o n ly —
J u ly 1 t o S e p t 30
6 7 ,2 8 3
J a n 1 t o S e p t 3 0 _____
1 6 3 ,2 5 1
E l P a s o E le c t C o . a ______ S e p t
3 5 ,9 0 5
J a n 1 t o S e n t 30
2 7 9 ,7 7 7
Ft W a y n e & W ab Vail . S e p t
1 0 6 ,8 1 1
Jan 1 to S ept 3 0 .
8 2 1 ,1 7 8
G a lv e s t o n E l C o . a ____ S e p t
3 1 ,8 2 1
2 3 7 ,3 1 4
J a n 1 t o vSept 3 0 _______
G e o r g ia R y & E le c t C o . . J u ly
2 3 7 ,1 0 0
H o n o lu lu R T & L a n d C o . b S e o t
3 0 ,8 8 5
Jan 1 to S ept 3 0 .. _ _
2 5 8 ,3 7 4
Houghton Co S t R y . a _ . S e p t
2 2 ,6 8 9
J a n 1 t o S e p t 30
__
1 7 1 ,3 7 2
Houston E le c t C o . a _____S e p t
5 2 ,5 3 5
Jan 1 to S e p t 30 . . .
4 2 8 ,8 7 4
Hudson Valley R y C o . b —
J u ly 1 t o S e p t 3 0 ______
2 3 2 ,4 3 9
J a n 1 t o S e p t 30 . .
4 6 4 ,1 7 5
0 M u d s T r a c t io n . C o . a ___ O c t
2 8 0 ,3 3 9
J-m l t o O c t 3 1 ..... ....... 2 ,4 4 3 ,6 4 7

P r ev io u s
Y ea r.
$
3 4 ,3 2 3
1 1 8 ,6 3 5

C u rren t
Y ea r.
3
1 4 ,0 4 7
3 7 ,1 5 0

P rev io u s
Y ea r.
S
1 0 ,7 2 2
3 6 .0 8 8
5 1 ,9 1 0
9 1 ,0 0 8

9 9 ,9 1 6
2 1 8 ,5 7 1
1 0 0 ,9 4 8
4 5 1 ,6 5 6
2 2 ,7 2 8
2 3 4 ,0 8 5
1 1 0 ,5 8 3
1 0 ,1 0 4

5 8 ,0 3 2
1 0 6 ,S87
5 0 ,5 8 4
2 5 2 ,7 5 0
8 ,0 9 1
1 2 2 ,5 2 1
5 9 ,2 6 0
6 ,7 1 6

4 7 ,0 4 2
2 2 9 ,5 7 0
1 0 ,4 6 6
1 1 5 ,1 2 °
5 8 ,6( 5
3 ,5 7 3

3 ,5 0 8 ,1 8 1
9 ,4 1 7 ,2 3 6

1 ,8 1 3 ,6 3 5
4 ,6 0 3 ,5 5 1

1 ,7 8 6 ,0 3 7
4 ,1 2 5 ,3 8 2

3 9 1 ,5 3 5
1 ,0 3 6 ,5 2 6

1 9 4 ,6 9 3
5 3 2 ,5 1 6

2 1 7 ,5 2 7
4 7 7 ,8 0 8

3 1 ,1 5 4
4 3 ,5 5 5

2 3 ,8 7 9
2 6 ,3 9 6

1 9 ,1 1 8
2 0 ,6 3 3

9 1 1 ,1 1 8
2 ,3 3 9 ,8 6 7
2 1 ,5 7 2
5 5 ,4 4 7
4 9 0 ,5 8 4

4 1 3 ,6 6 3
1 ,0 1 7 ,9 2 8
1 1 ,2 2 9
1 5 ,0 0 4
8 6 ,8 3 7
1 6 ,0 5 0
1 6 3 ,1 5 7
1 5 ,5 5 0
5 6 ,1 4 9
4 8 ,2 8 4
4 2 9 ,0 6 8

4 4 8 ,9 2 5
9 9 3 ,3 5 2
8 ,6 7 7
1 6 ,5 5 0
9 8 ,3 8 8
1 8 .1 3 4
1 6 1 ,4 8 1

4 8 ,1 2 8
4 0 2 ,5 1 1

6 2 ,0 2 8
4 7 3 ,8 9 0
2 5 ,6 9 5
1 8 5 ,3 1 9
4 8 ,7 2 9
4 4 9 ,4 3 2
1 5 .3 2 1
5 1 6 ,5 3 4
1 ,2 5 5 ,4 9 9
8 5 ,5 7 5
4 4 4 ,4 1 6
4 ,2 7 0 ,0 6 7
5 7 ,5 0 5
5 4 7 ,1 7 9
1 5 9 ,7 2 2
1 ,3 0 5 ,2 1 3

14,682
9 7 ,2 8 2
2 4 ,8 5 8
2 3 4 ,7 0 3
6 ,5 2 6

3 8 ,9 9 8
2 7 8 ,0 1 8
1 2 ,4 0 5

78,307

2 2 ,3 8 6
1 8 7 ,6 2 6
5 ,5 8 5
1 7 1 ,8 7 8
3 4 6 ,0 6 2
3 5 ,8 3 0
1 6 2 ,3 7 7
1 ,7 1 8 ,5 9 3

2 5 6 ,8 1 5

2 1 1 ,6 5 0
4 3 2 ,5 8 5
2 S .4 S 5
1 5 4 ,9 9 1
1 ,9 2 0 ,9 0 5
2 8 ,4 2 0
3 0 0 ,9 6 3
9 4 ,3 9 6
7 4 8 ,9 9 5
1 3 ,9 1 0
1 3 6 ,9 4 6

6 4 ,3 3 3
1 5 3 ,5 3 0
2 4 ,9 7 9
2 0 8 ,5 9 2
8 5 ,8 5 5
7 0 0 ,7 0 4
2 4 ,7 0 0
1 9 9 ,2 6 7
2 0 2 ,9 9 4
2 6 ,5 5 4
2 4 0 ,0 6 6
2 0 ,3 3 8
1 1 8 ,4 5 8
4 5 ,4 3 2
3 7 2 ,3 4 0

2 2 .9 3 1
4 7 ,5 7 1
1 0 ,7 6 1
8 7 ,5 0 1
4 5 ,0 1 8
3 1 2 ,1 7 3
1 4 ,6 9 6
9 5 ,0 3 6
1 2 2 ,7 9 9
1 5 ,0 2 6
1 0 8 ,7 1 3
1 0 ,9 0 8
6 1 ,4 9 5
18 0 9 8
1 5 0 ,8 5 2

1 6 ,7 0 7
4 1 .3 4 0
9 ,3 1 5
7 2 ,5 0 6
3 4 ,7 5 6
2 6 5 ,7 5 3
9 ,4 9 1

2 1 1 ,7 7 6
4 1 3 ,9 6 4
2 3 3 ,9 3 6
1 ,9 7 6 .6 8 2

1 9 0 ,8 3 2
1 3 S .4 2 1
1 ,1 0 8 .1 5 3

1 22,212

2 9 .6 0 0
2 6 5 ,8 7 0
8 5 ,9 0 4
7 2 0 ,6 9 3
9 3 ,2 0 0

1 0 9 ,5 5 6
1 0 ,3 0 8
8 8 ,5 9 6
C 9 .135
c d e f l 5 ,556
2 1 ,0 3 0
1 4 9 ,3 4 8
1 1 8 ,9 0 7
1 6 5 ,0 5 0
1 3
55

— G ross E a r n ’gs ------P r e v io u s
C u rren t
Ye a r.
Y ea r.

R oads.
5
$
Internat R y Co of Buffalo, bJuly 1 to Sept 30______ 1,342,260 1,200,683
Jan 1 to Sept 30______ 3,259,403 2,958,028
Crosstown St R y C o .b —
July 1 to Sept 3 0 ______
148,986
170,653
Jan 1 to Sept 30_____
172,917
406,960
Indianapolis Col & Sou. .Aue
21,314
25,330
Ithaca St R ailw ay, b—
July 1 to Sept 3 0 ..........
32,594
30,28S
Jackson Consol T r a c ....... Oct
10,057
J 1,025
May 1 to Oct 3 1 ______
84,820
73,463
25,070
Jacksonville El C o .a ..S e p t
26,968
Jan 1 to Sept 30......... ..
233,798
234,272
Kan City R y & L C o .b .O ct
466,860
531,671
June 1 to Oct 31____
2,406,769 2,164,754
Kansas City W estern.a—
.July 1 to vSept 30____ _
74,610
75,684
Jan 1 to Sept 30.
212,812
Kingston Consolidated, b—
July 1 to Sept 3 0 _____
49,130
42,268
Jan 1 to Sept 30._ _
96,469
108,245
Lake Shore E le c t.a ____Sept
79,600
89,023
Jan 1 to Sept 30______
589,068
664,804
Lexington 6c Interurban.O ct
46,482
Jan 1 to Oct 31. . . .
443,550
Long Isl Elect C o .b —
July 1 to Sept 30___ .
59,873
68.412
Jan 1 to Sept 30______
134,174
151,778
Lorain St R y Co ...
Sept
11,512
13,191
Jan 1 to’ Sept 30______
108,209
93,381
Manila Elec R y & Light—
_____
Railway Departm ent.Sept
37,500
Jan 1 to Sept 30 .
386,000
_____
Lighting Departm ent.Sept
34,000
Jan 1 to Sept 30 . . .
270,750
Mass Elect C os.d—
July 1 to Sept 30______ 2,573,001 2,271,176
Oct 1 to Sept 30______ 7,520,536 6,737,014
278,391
Milw Elec R y & Lt C o. b.O ct
307,475
Jan 1 to Oct 31______ 2,894,478 2,653,661
50,475
Milw Lt H t & T r Co _ b
Oct
56,539
Jan 1 to Oct 31______
514,701
591,581
249,788
281,822
Montreal St R y C o______ Oct
354,849
441,807
New Orl R y & Lt C o .b .S e p t
Jan 1 to Sept 30______ 4,218,184
N Y City R y C o .b —
July 1 to Sept 30______ 4,621,877 4,509.610
Jan 1 to Sept 30______ 13,084,051 12,566,158
42d St Manhat’ ville & St N Ave~b—
234,824
July 1 to Sept 30_____
273,119
602,490
Jan 1 to Sept 30____
731,235
D rydock E B ’way & Batt’y . b —
61,873
July 1 to Sept 30____
144,031
248,056
Jan 1 to Sept 30_____
414,843
Westchester E lectric, b—
113.874
102,856
July 1 to Sept 30______
240,959
Jan 1 to Sept 30______
265,978
Yonkers R R _ b—
96,994
107,231
July 1 to Sept 30______
271,962
234.455
Jan 1 to Sept 30______
Tarryt'n W t PI & M am aroneck.b—
41,322
July 1 to Sept 30____
46,434
89,199
Jan 1 to Sept 30____
105,217
.Southern B oulevard.b—
July 1 to Sept 30______
17,746
12,448
Union R y C o .b —
404,750
July 1 to Sept 30______
442.486
1 ,062,985
Jan 1 to Sept 30______ 1,182,910
N Y & Long; Isl Tr C o .b —
60,604
July 1 to Sept 30______
71,980
116,044
Jan 1 to Sept 30____ _
170,174
N Y & Queens C o .b —
243,394
July 1 to Sept 30____
272,643
599,765
Jan 1 to Sept 30____
6S2.654
102,209
Norf & P ’tsm’th Tr Co__Sept
118,590
874,657
Jan 1 to Sept 30______
968,162
88,268
North Ohio Trac C o .a ..S e p t
95,393
716,513
Jan 1 to Sept 30______
770,395
57,973
Nor Texas Tr Co_a___Sept
76,338
10.S00
Oklahoma City R y ______ Oct
15.835
Jan 1 to Oct 31______
146,573
Orange County Traction—
44,896
July 1 to Sept 30______
37,854
11,45 3
Peekskill Lt & R R C o .a .S e p t
13,547
92.421
Jan 1 to Sept 30______
108,812
Philadelphia Co__b—
July 1 to Sept 30_______ 4,238,158 3.805,250
Jan 1 to Sept 30_______ 13,510,395 11,920,498
PittsMcKees&Greensb b Aug
26,324
23,160
Jan 1 to Aug 31_______
149,422
123,4S8
Portland R y C o .b _____ Sept
6147,982
215,369
Jan 1 to Sept 3 0 ______ 61,237,578 1,397,321
Puget Sound El Co_a__Aug
87,253
56,538
R ichm Lt 6c R R .b —
July 1 to Sept 30_______
95,625
76,071
Jan 1 to Sept 30_______
216,406
177.846
Rochester & Eastern, b—
July 1 to Sept 30---------73,255
69,492
Jan 1 to Sept 30______
174,073
157,086
St Jo R y Lt H t & P o w ..O c t
69,438
65,043
Jan 1 to Oct 30______
691,670
617,832
Savannah Elect Co_a__Sept
49,805
48,721
Jan 1 to Sept 30______
473,674
431,759
Schenectady R y — -b
July 1 to Sept 30_______
296,43S
240,044
_______
Jail 1 to Sept. 30---------717,36S
Seattle Elect C o .a ______A ug
269,853
224,936
Syracuse Lk Shore & Nor _b—
July 1 to Sept l . --------66,598
______
Syracuse
Rap
T ran. b__Oct
95,923 83.728
Jan
1 to
Oct 3 1 __
901,698
790,385
_
384,582
336,375
July 1 to
Oct 3 1 _
Tacom a R y & Pow C o .a .A u g
76,035
63,865
Tam pa Elect C o .a ______ Sept
40,023
33.034
Jan 1 to Sept 30______
339,S82
2 94,714
Terre Ht Tr 6c Lt C o.a .S ep t
78,820
54,9S7
Jan 1 to Sept 30--------588,485
455,899
Toledo Rvs & Light C o.a Oct
176,960
165,511
Jan 1 to Oct 31______ 1,688,,034 1.573,293
28,792
26,766
Toledo Urb 6c In te r.a ____Oct
Jan 1 to Oct 31______
289,232
252.004
T oledo 6c W estern R y ._ S e p t
21,654
25,108
Jan 1 to Sept 30______
177,648
180,236

N et Barrvtotgfc----C u rren t
P rev io u s
Y ea r.
'e a r .
o
8
•
p

684,59o
1 .370,535

342.07 m
' ,389 .516

88,258
208,807
13,551

80,201
194,770
11,201

12,747
3,578
36,649
9,488
88,464
281,649
1.222,538

! 2,585
8,365
80,795
9,118
18,781
236,74'
•,109,87;

25,921
84,411

29,143

26,374
50,615
46,425
303,077
18,587
159,620

1.8,819
89.106
42,545
270,350

30,378
42,599
5,955
34,296

27,779
44,821
4,106
2 8,414

14,1 #6
185,350
19,506139,306

_ _.. _ __

_
------

-- ---

l,181.688i
2,673,489
155,305
1.461,899
32,792
362,552
124,133
201,984
1.921,377

1.080,317
2,277,824
149,628
1 ,368,257
30,630
300,562
108,107
; 53,880

2,436,059
6.085,421

2,217,352
5,386,296

• 112,0SC
235,096

54,786
71,04 e

110,210

45,488

1,472
left-7,679

39,972
43,822

44,922
57,822

32,372
72,602

38,399
‘>4,961

13,660
18,542

12,392
9,515

6,46 ■

i ,194

189,444
416,074

149,299
286 S

31,935
75,428

36,386
53,262

113,224
230,413
47,809
336,596
47,422
360,874
25,356
7,919
69

47,370
209,821
37,323
320,014
43,410
535,503
24,011
4,9 01

8,356
6,171
51,893

2-2,607
5,786
40.369

1.347,413
5,285,273
14,294
82,989
e64,191
#519,417
49,857

1,289,072
787,818
12,402
61,141
C08,650
632,571
>2,930

29,802
39,520

f. 1,5 / /
<tef3,643

29,932
60,941
33,572
335,578
17,9 93
191,968

32,009
45.943
33,334
295,556
19,678.
L
81,424

106,194
218,825
108,942

116,410

33,892
40,863>
388,587
16S,046
25,917
17,773
141,582
39.746
249,012'
76,090
805,347
11,690
137,258
7,813'
6 1 ,2 ft

84.356
37,653
339,24
t5 1 .254
23,923
14,826
t 21,331:
.
24,272
I 52,756
S3 ,255
,387
13,839
f t <5,902
Cl .454

D md. 1 15)06.

— G ross E a r n * u s -----(Current
P rev io u s
Y ear.
Y ea r.
Roads.

T iClt-j Ry «r Lt a
S
Sept
Ypr 1 to Sept 30 .
i'roy A New England.b
July t to Sept 30
Jan 1 to Sept 80 Twin Cltv Rap Tr Co.b_Oct
Jan 1 to Oct 31------ _
l nited Rys of St Louis a Oct
Jan I to Oct 31
United Ry of San Fr b. June
Jan l to June 30
i nited Traction Co of Albany
July 1 to Sept 3 0 ___
Jan 1 to Sept 30____
L tica A Mohawk Valley, b—
July 1 to Sept 3 0 ...........
Jau 1 to Sept 30______
Wash A lex A Mt V ern_a.O ct
Jan 1 to Oct 31______
Western Ohio R v Co - -Oct
June I to Oet 31 _
_
Whatcom Co R y A Lt.a.Sept

1348

THE CHRONICLE.

I

$
144.442
808,165

8
121.011
710,286

16,207
27,790
473.821
i .69 l .258
831.460
7 .608.284
-148,453
2.940.099
b—
527.162
1,406,959
287,776
725,887
22.671
235,284
35,040
187,348
23.369

—N et E arnings
C u rren t
P rev iou s
Year.
Y ea r.

3
66.866
316,249

8
15.923
258.582

16,320
28,154
420,981
3.908.668
758.710
7.014.783
561.054
3.392,035

1.695
5.063
2 47.386
2.513.773
344.747
2.952.390
263,653
1.612.112

6,401
10,563
228.044
2.132.582
319,566
2.542,544
293.376
1.741 .287

439,075
1.301.811

229.072
590.270

145,433
123,550

246.403
628,939
25,156
210.83S

124.018
293,589
11,462
114,603
14,248
92,895
7.527

119,346
246.373
14,504
97.303

14,661

_____
3.579

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Decrease in 1905 due to strike and boycott,
fcl Decrease due to Lewis & Clark Exposition last year.
f-J
* 11? Incudes the]Georgetown]Rowley & Ipswich Street.Ry. in*both years. TS

Interest Charges and Surplus.— The iollowing STREET
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c., with the
surplus or deficit above or below these charges:
- I n t . . R en ta ls A c.—
C u rren t
P rev io u s
Y ea r.
Y ea r.

— B a l. o f N et E ’ ngs.
C u rren t
Y ea r.

P rev io u s
Y ea r.

8
R oads.
8
8
8
7.292
5,000
6,755
Ylbany A Hudson
Sept
5,722
July 1 to Sept 30 ______
21,875
15,000
15,275
21.088
Yuburn A Syracuse—
17.434
16,256
July 1 to Sept 30 _
£41,140
£35,975
Jan 1 to Sept 3 0 -.
48,600
49,471
£58,719
£43,329
Aurora Elgin & C h ic ___ Oct
26,158
24,450
24,450
22,592
July 1 to Oct 31______
100,809
97,743
151,943
131,S27
Binghamton R y Co _ _ Oct
7,707
384
7,281
3,185
July 1 to Oct 31_ ___
_
30.845
28,847
28,415
29,758
Brock & Plym St R y_-S ept
1,814
1,752
4,902
1 ,821
.Brooklyn Heights R R Co —
July 1 to Sept 30
1.341.378 1.145.941
£668,774
£521,767
Jan 1 to Sept 30
3.754.906 3,167,270
£985.579 £1,047,789
Bklyn Queens Co 6c Sub—
July 1 to Sept 30
111,467
118.687
£90,162
£100.610
Jau 1 to Sept 30______
329.982
313,547
£217,500
£168,764
Coney Island & Gravesend441
July 1 to Sept 30_ _
529
£23,909
£18,892
Jan I to Sept 30_ _
935
6,650
£26,623
£14,453
Nassau Electric—
July 1 to Sept 30
268.637
250,259
£174,299
£217,893
Jan 1 to Sept 30____ .
771.874
652,878
£360.034
£397,261
Cape Breton Elect C o_ Sept
_
4,419
4,250
6,979
4,258
Charleston Consol
_ Oct
13.017
13,267
3,033
4,867
Mch 1 to Oct 31 ____
103.984
104,883
59,173
56,598
13,726
cieve A Southwestern. _Oct
16,018
8,840
8,660
Jan 1 to O ct 31
147,900
126,461
86,803
61.165
olumbus Gas Lt Co__Sept
3,671
1,889
1,914
4,637
Coney Island 6c Brooklyn—
July 1 to Sept 30
£134,913
£96,733
77,643
76,438
£138,556
Jan 1 to Sept 30____
232,726
214,76S
£200,785
15.250
15,392
13,235
20,438
Dallas Electric C o ___ -Aug
£62,925
£73,035
Detroit U nited__________Oct
95,716
92,388
949.300
£832,944
Jan 1 to Oct 31
921,573 X) ,007 ,767
12,21 2
Duluth St R y Co - _
_
Oct
17,849
17,388
10,571
Jan 1 to Oct 31 .
._
176,494
95.69 2
170.178
124,469
East Liverpool Tr A Light Co
Nov l to Sept 3 0 ______
£43,858
93,367
Elmira Water Lt A R R Co—
R R Co only—
July 1 to Sept 30 _
£4,777
12,118
12,243
£11,261
Jan 1 to Sept 3 0 -.
37,616
£12,431
£4,707
E; Paso Elect Co _ . .Sept
5,529
•
3.786
6,406
40,624
Jan 1 to Sept 3 0 ______
52,473
35,028
31.882
5,324
Galveston Electric Co. Sept
10,529
4,167
4,167
Jan 1 to Sept 30
57,536
37,500
£10,634
H on olu lu R T & Ion d C o. _Sept
£5,915
4,796
4,794
Jan 1 to Sept 3 0 __ . .
£69,732
£49,168
43,364
42,998
Houghton Co St R y _ Sept
c5,423
_
3,896
3,712
7,012
Jan 1 to Sept 30. - . __
26,298 cdef47,924
35,197
32,368
louston Elect C o____ Sept
10,306
11 ,988
7,792
9,042
Jan 1 to.Sept 30_______
78,534
68,385
72,3 IS
80,963
Hudson Valley R y Co—
July 1 to Sept 30______
£75,894
£57,060
67,764
52,091
Jan 1 to Sept 30_______
£17,734 £ d e fl9 ,227
186.084
195,265
uu-mat Ry Co of Buffalo—
£459,598
£422,694
July 1 to Sept 30______
247.716
242,106
£723,028
Jan 1 to Sept 30 _ _ . .
£691,961
727,785
715,561
•rosstown St R y Co—
fuly 1 to Sept 30 . .
£33,960
48.241
£41,225
17 ,239
Jan 1 to Sept 30
£64,325
142,662
133,557
£64,952
Ithaca St R y Co—
July 1 to Sept 30
£ l l ,046
£10,672
5,140
4,604
569
Jackson Consol Trac . Oct
2,796
699
2,879
May 1 to Oct 31
14.235
19,374
17,275
16.558
Jacksonville Elect C o. Sept
6,155
5,733
3,333
3 ,380
71.021
July 1 to Sept 30. ____
2 7,760
58,115
30,349
Kan City R y A Lt Co
.O ct
117,291
150.244
J39,455
121,405
June 1 to Oct 3 1 __
488.344
126,711
724,194
683,160
Kingston Consolidated
July 1 to Sept 30
£8,774
£1,163
17.950
17,806
Jan 1 to Sept 30
37.833
£13.232
£2,030
37,520
i.ong Isl Elect C o—
£18,878
£22,583
July ) to Sept 30
9,375
9.309
Jan 1 to Sept 30
£17,226
£18,269
2 7.346
27.456
Mass Electric Cos .d —
714.268
July 1 to Sept 30
376.643
805,046
360,049
O ct 1 to Sept 30
1,594 ,502 ! .543,515 1,078,987
734,309
z6H .010
£71.607
Mliw Eloct R y A Lt ____ O ct
92,451
80 .07 5
Jan 1 to O ct 3 1 ...........
88 4 ,370
£614,711
£618,521
769,217
9,299
Mllw Lt Ht A T r Co.
Oct
£4 ,604
28.256
21.331
Jan 1 to Oct 3 1 ______
£95,741
90,464
267,501
210,098
Montreal St Ry Co______ Oct
40,610
83,523
87,044
121,063
41 ,028
New Orl Ry A Lt C o _ __ Sept
15,096
160,356
138,784
519.527
1 .401 .850 j

[tit.. R en ta ls, <fcc.—
P rev iou s
C u rren t
Y ea r.
Y ea r.

•r *4 -j'
• •i •

Roads.
$
X V City R y C o July 1 to Sept 30
. . . 2,805.632
Jau 1 to Sept 30 _____ 8.475,981
4 2d St Manhat 'vllle A St N A ve—
.lulY i I o Sopt 30
.
99,246
Jan 1 t o Sept 8 0 -. .....
295,323
Drvdock E B'w ay A B att’ y —
July 1 to Sept 30____
48,540
Jan 1 to Sept 30 ____
143,989
Westchester Electric—
July 1 to S ep t 30______
25,417
Jan 1 to Sept 30____
77.871
Yonkers U R —
July 1 to Sept 3 0 ______
29,825
Jan 1 to Sept 3 0 .........
84.031
T a -ry t’ n W ’te PI A Mamaroneck—
.] uly 1 io Sept 30
3,056
Jan 1 to Sept 30______
23,764
Southern Boulevard—
July 1 to Sept 30...........
5,277
Union R y Co—
July 1 to Sept 30______
73,112
Jan 1 to Sept 30...........
223,037
X Y A Long Isl T r C o July 1 to Sept 30______
14,349
Jan 1 to Sept 30____ .
42,502
N Y A Queens C o—
July 1 to Sept 30______
51,221
Jan 1 to Sept 30...........
152,908
N orf 6c P ’tsm ’ th Tr Co__Sept
37,814
Jan t to Sept 30______
296,954
North Ohio Tr 6c Lt Co__Sept
22,674
Jan 1 to Sept 30_____ _
204,151
Nor T ex Tr C o............... Sept
9,941
Philadelphia Co_—
July 1 to Sept 30........... 1,083,550
Jan 1 to Sept 30______ 3,292,551
Portland Railway C o
Sept
30,790
Jan 1 to Sept 30_____ _
277,110
18,217
Puget Sound Elect C o .-A u g
Bichm Light 6c R R —
July 1 to Sept 30_____
34,397
Jan 1 to Sept 30______
88,397
Rochester A East Rap T r —
July 1 to Sept 30______
22,239
Jan 1 to Sept 30______
66 873
Savannah Elect C o______Sept
11,529
Jan 1 to Sept 30--------102,225
Schenectady Railway—
July 1 to Sept 30____ _
42,819
Jan 1 to Sept 30____ _
164,189
Seattle Elect C o ........... .... Aug
27,713
Syracuse Lk Shore A Nor—
July 1 to Sept 30_
1,566
Syracuse Rapid T ra n s.-O ct
24,137
Jan 1 to Oct 31______
231,314
July 1 to Oct 31______
95,540
Tacom a R y 6c Pow Co . _Aug
11,902
Tam pa Elect C o_______ Sept
108
Jan 1 to Sept 30______
108
Terre Ht Tr A L t ______ Sept
14,066
120,479
July 1 to Sept 30______
Toledo Rys A Lt C o______ Oct
42,507
Jan 1 to Oct 31 ______
423,961
Toledo Urb & Inter______Oct
9,715
T roy 6c New England—
July 1 to Sept 30______
329
Jan 1 to Sept 30_______
3,355
Twin City Rap Tr _____Oct
114,758
Jan 1 to Oct 30_1 ,118,910
United Rys of St L ou is.-O ct
198,026
Jan 1 to Oct 31______ 1,981,425
United R R s of San Fr_ _June
1S5,106
Jan 1 to June 30______ 1,142.057
United Traction Co of A lbany—
July 1 to Sept 30_____
87,481
260,043
Jan 1 to Sept 30_____
Utica 6c Mohawk Vail—
July 1 to Sept 30 _. .
45,855
Jan 1 to Sept 3 0 .___ _
136,180
WHiatcom R y 6c L t ____Sept
3,759

$

Bal. o f Net E ’ ngs
Cti rre n t
P revi o n
Y ea r.
Y ea r.

$

3

2.803,050£def 10 5 ,742:tdoiTU. ,2.M
*
8 ,3 7 3 ,05&rftl ,489 ,377£/l2,039.637
99,846
£25,547 xdef25.7 72
204.999 rtlcflO ,414£Uen 59,942
40,664
120,857

£12,570 £def25,270
£19,452 £dcf96.64l

£15,290
25,569
£20,100
76,547 £def32,363 £def 10,988
£2,584
28,934
£9,465
84,692 £defl 1,318 £def20,807
8,052
23.948

£5,604
£4,440
£def5,122 £def!4 ,332

4,746

1,184

def3,552

67,6 00
199,986

£120,832
£206,533

£86,202
£97.942

12,150
18,267

£18,246
£33,900

£25,147
£36,252

51,310
153,080
29,82 3
265,641
23,166
207,302
9,937

£67,656
£90,162
£13,373
£75,190
24,748
156,723
15,415

£48.986
£63,450
£12 J302
£88,344
20,244
128,201
14,074

1,057,223
£314,763
£309,311
3,184,437 £2,215,487 £1,891,885
........... ..
_________
33,401
................
242,307
_________
15,113
31,640
17,817
27.000
def505 £def3,77I
81,000 £def75,215 £defl4,900
20,025
60,075
10,561
94,992

X 9,264
r d e f 189
6,464
89,744

£13,059
£def9,lT 5
9,117
86,432

45,846

£72.131

23,796

£64,874
.r69,132
81,229

20,494
204,096
81,775
11,093
1,885
17,034
10,829
91,803
42,826
425,020
5,879

£32,469
16,726
157,273
72.5 06
14,015
17,670
141,474
25,680
128,533
33,583
381,386
1,975

17,161
135,144
69,479
12,830
12,941
104,298
-l 3,443
60,953
40,429
346,367
7 ,960

1 ,649
5,332
103,208
1.000,216
198,840
1,990,697
183,940
1,078,511

1,366
1,708
132,628
1,394,863
146,721
971,165
£79,469
£518,799

4,752
5,231
124,836
1,132,366
120,726
551,847
£112,089
£679,101

86,5 81
259,328

£145,250
£339,129

£61,402
£172,369

44,841
133,421
2,229

£78,340
£158,867
3,768

x i 15.760

60,560

£75,466
2.35 0

c Decrease in 1905 due to strike and boy cott.
h Deficit.
x After allowing for other income received

ANNUAL REPORTS,
Union Pacific Railroad.

(R e p o r t f o r th e F i s c a l Y e a r e n d in g J u n e 30 1906.
On pages 1351 to 1360 is given the report of the board of
directors; also the income account, balance sheet and other
tables. Below are the traffic statistics, earnings, expenses,
charges, etc., etc., compiled for the “ Chronicle” :
T R A F F IC S T A T IS T IC S .

A v . miles o f road oper .
E q u ip m en t —
L ocom otives_______
Passenger cars______
Freight cars_ _ ______
_
Road service equipment

1905-06.
5,404

1904-05.
5,357

1903-04.
5,353

1902-03'
5,762

881
580
23,637
2,454

835
566
22,406
2,434

856
557
22,048
2,439

<24
566
21,071
2.431

P a ssen g er tra ffic

Vo. of rev. pass, carried
4,803,094
3,859.012
5,758,914
4,128,435
-<.»
Pass, carried 1 mile.
642,544,422 529,295,347 486,036,536 4 • -163,410
Receipts of pass, trains
per mile of main track
$3,054
$2,695
$2,529
$2,217
Rec'ts of pass, trains per
rev. train mile.n_
S I.07
$1.03
$1.48
$1.31
Average No. of passen
53.32
gers per train
59.71
60.22
45.93
F reig h t tr a ffic —
11,204,275 10,257,222
■
.657.9 14
Tons com m 'l fr’ t carried 13.048,346
Tons carried 1 m i l e ____;5353374071 4821257771 4052410826 3750485295
3,535,855
Tons eornp’y fr’ t carried 4,515,608
8.418,728
3,111 ,701
Ton miles per mile o fi
1,062,300
777.818
road (all freight)
903,016
1 ,203,174
Receipts per mile of mal i
$8,019
track ......... ................
$7,367
$6,292 04
$9,067
Receipts per revenue
train m ile_a .................
$3.84
$3.66
$3.26
$3.82
Tons per rev. fr’t train
451.06
402.87
mile— all freigh t.a _
_
509.71
506.70
a Based on revenue pavengers and freight and all mixed train

1344
/.

THE CHRONICLE

[V o l . L x x x m .

E A R N IN G S A N D E X P E N S E S .

Mexican Northern Railway.

1905-06.
R eceip ts —
$
Pass, and extra baggage 13,236,055
3,264,858
Mall and express_______
F r e ig h t ------------------------ 48,992.015
1,386,214
All other sources_______

1904-05.
$
11,343,339
3,094,476
42,902,258
1,356,773

1903-04.
$
10,508,897
3,026,814
39,452,068
1,277,100

1902-03.
$
9,760,552
3,015,731
36,261,679
1,178,287

Total rail lines_______ 06,879,142
402,401
W ater lines......................
n
[ T o t a l _______________ 07,281,543
O p eratin g ex p en ses —
Maint. o f way & struct s 9,900,409
7,118,940
Malnt. of equipment —
Conducting transporta’n 16,203,783
1,600,944
General e x p e n s e s --------

58,756,846
568,103

54,264,878
1,014,352

50,216,248
858,940

59,324,949

55,279,231

51,075,189

Net _________
Other receipts.
Mex. silver exch. g a in ..

$237,232
41,363
415

$192,963
36,107
4,300

7,341,905
6,883,676
13,927,128
1,634,326

6,497,270
6,111,552
13,975,075
1,373,224

5,293,475
6,025,640
13,827,532
1,256,356

$149,527
32,311
8,723

$114,137
30,849
def.6,789

Total in co m e ..
Charges ........... ..

$279,010
117,914

$233,370
117,230

$190,561
114,257

$138,197
110,057

S u rp lu s______

$161,096

$116,140

$73,304

Total rail lines---------- 34,824,076
437,095
W ater lines-------------------

29,787,034
583,668

27,957,122
1,069,485

26,403,002
936,882

$28,140

29,026,607
(52.51)
26,252,624

27,339,884
(53.53)
22,735,305

( R e p o r t f o r Y e a r e n d in g J u n e

30 1906.)

IN C OM E ACCOUN T FOR TH E Y E A R E N D E D J U N E 30.
1905-06.
1904-05.
1903-04.
1902-03.
Gross
.............
$362,940
$310,377
$269,924
$200,888
Expenses ______
125,708
117,413
120,396
86,751

-*

B A L A N C E S H E E T O F J U N E 30.

1906.
$

1905-06.
$
Gross transp’ n receipts. 67,281,543
Operating expenses____ 35,261,171
1,702,602
Taxes ---------- ----------

1904-05.
$
59,324,949
30,370,702
1,492,012

1903-04.
$
55,279,231
29,026,607
1,470,836

1902-03.
$
51,075,189
27,339,884
1,407,332

1905.
1906.
1905.
A ss ets —
L ia b ilities —
$
$
$
Cost of road and
Capital stock . __3,000.000 3,000,000
equ ipm en t___ 4,810,717 4,808,529 Funded debt _ ..1,660,0 00 1,660,000
Stocks & bonds. 578,010
517,540 Sinking fund. . . 786,549
725,810
Sinking fund InAccrued int. and
vestm ’t a cct. _ 755,000
697,000
coups, unpaid
6.360
5,490
Cash
178,364
233,121 Audited vouchers 10.662
19,032
Materials & supBetterments _ ._ 146,118
145,952
plies
35,431
36,279 S u r p lu s _____ . . 917,499
756,404
Cos. & individ’s . 183,412
40,522 Sundry accounts
13,746
20,303

— 36,963,773
Total _______
Net receipts---- -------- 30,317,770
Add—
Int. on bonds of cos.
other than Oregon
Short Line and Ore.
297,910
R R . & Nav. Co______
Divs. on stocks of cos.
other than Oregon
Short Line and Ore.
7,237,917
R R . & Nav. C o______
"Rentals
506.179
Bal. of int. on loans and
open a cc’ts other than
with auxiliary com p’s 2,28 7,809

31,862,714
27 462,235

30,497,443,
24,781,788

28,747,216
22,327 973

T ota l________ 5,540,934 6,332,991
— V . 77, p. 2098

35,261,171
Total _ . —
(52.41)
P. c. of exp. to earnings.
R e c’ts over oper. exps_. 32,020,372

30,370,702
(51.19)
28,954,247

IN C O M E ACCO U N T .

Available for charges and
dividends____________ 40,647,585
D ed u ct —
Interest on bonds in
8,870,898
hands of public
12,013
Sinking fund Sc m iscell..

Vicksburg Shreveport & Pacific Railway.
296,124

311.406

322,282

5,219,644
403.391

2,490,520

3,887,645
437.916

577,600

1,464,917

33,958,994

29,048,632

26,975,816

11,011,606
161,882

12,387,977
63,562

11,551,124
148,049

_
_

23,732,424
8,032,250

15.066,225
7,719,281

11,883,628
4,713,466

10,333,168
4,943,474

x This includes 6% ($11,640,834) paid out of the earnings of the road,
leaving a surplus from the operations o f the year of $5,811,992; also a
further semi-annual dividend of 2% ($3,909,558) paid Oct. 1 1906 out of
“ other incom e.” The “ other incom e” (included in our table) aggregates
$10,329,816; deduct the aforesaid 2% dividend, $3,909,558; balance, sur­
plus of other incom e, $6,420,258, which, added to the surplus Horn opera­
tions, makes a total surplus of $12,232,250. From this last item was appro­
priated for betterments and additions made during the year $2,700,000;
for betterments and additions of branch lines, $500,000; and for new
equipment $1,000,000; total, $4,200,000. Net surplus for year as shown
above, $8,032,250.
B A L A N C E S H E E T J U N E 30— U N IO N P A C I F I C A N D
C O M P A N IE S .

A U X IL IA R Y

1906.
1905,
1904.
1903.
A s s e ts — ■
$
$
$
$
R a i l w a y s , e q u i p . , & c ___ 3 5 3 , 5 7 3 , 1 5 5 3 5 1 , 9 4 3 , 4 0 2 3 5 3 , 6 3 7 , 1 9 7 3 5 8 , 6 5 9 , 7 8 6
C o s t o f e x t e n s i o n s _______
5 9 6 ,3 8 2
1 4 5 ,2 6 2
1 5 1 ,6 0 8
9 1 0 ,0 0 0
S to c k s & b o n d s o w n e d _ _ 9 6 ,7 8 1 ,8 0 6 1 5 9 ,2 7 5 ,3 2 6 1 3 9 ,9 2 7 ,5 7 1 1 3 9 ,8 9 6 ,2 1 7
T r u s t f u n d s _______________
2 5 2 ,0 1 2
2 3 2 ,7 5 7
2 3 6 ,6 7 4
1 2 4 ,2 2 8
A g e n t s & c o n d u c t o r s ___
6 8 9 ,5 9 7
5 4 4 ,2 8 0
5 6 2 ,5 2 7
6 1 4 ,4 4 5
D e m a n d l o a n s ____________ 3 4 , 7 1 0 , 0 0 0
__________
__________
__________
C a s h ______________________ 2 1 , 2 5 8 , 8 8 3
7 ,3 4 5 ,5 6 5
3 ,524,258
1 ,9 0 8 ,5 5 9
I n d iv ’s & c o m p a n ie s - - .
1 ,7 6 2 ,2 9 1
3 ,0 5 0 ,3 4 8
1 ,6 8 6 ,8 0 2
4 4 4 ,8 4 1
M a t ’l , f u e l & s u p p l i e s - 7 ,8 3 2 ,7 8 8
4 ,5 0 5 ,9 0 5
4 ,2 4 5 ,9 3 3
4 ,680,182
T r a f f i c b a l a n c e s _________
4 6 4 ,2 4 2
2 6 4 ,8 4 1
3 5 0 ,8 9 8
1 8 4 ,4 9 8
U . S . G o v ’ t t r a n s p ’ n __
7 5 9 ,0 1 2
8 0 3 ,0 6 4
8 0 5 ,9 0 6
9 7 4 ,8 3 1
L oans to Sou. P ac. Co__
__________
__________
2 0 ,4 6 0 ,9 2 7
1 5 ,3 9 6 ,1 1 9
S a n P . L . A . & S . L . R R . 1 7 ,3 0 0 ,0 0 0
2 0 ,4 0 0 ,0 0 0
1 4 ,9 6 0 ,0 0 0
__________
B ills r e c e i v a b l e __________
8 ,9 2 9
5 5 8 ,9 3 0
8 8 4 ,6 5 5
5 5 0 ,0 0 0
D iv s. a n d in t. a c c r ’d to
J u n e 3 0 _________________
4 ,360,057
5 0 1 ,1 9 5
__________
__________
D iv id en d s
accru ed to
J u n e 30 o n a d i v o n
N o . S e c . C o . s t o c k ___
__________
__________
__________
6 1 8 ,6 8 9
A d v a n c e s fo r c o n s t r .,& c . 2 2 ,8 3 6 ,6 1 1
5 ,9 9 4 ,9 6 5
4 ,3 5 7 ,2 7 7
7 ,3 6 6 ,5 6 5
S u n d ry p r o p ’y c o m p ’s . .
__________
5 7 5 ,9 3 6
3 3 1 ,2 2 2
1 8 1 ,9 5 1
I n d i v i d ’s & c o m p a n i e s . _
__________
4 5 8 ,6 7 0
__________
__________
F o r o c e a n s t e a m s h i p s ___
5 ,1 2 6 ,7 9 7
4 ,9 6 4 ,9 8 6
5 ,0 5 5 ,3 1 1
3 ,7 9 9 ,8 9 6
R o l l i n g s t o c k _____________
5 ,7 8 4 ,3 3 8
2 ,1 6 8 ,3 8 4
3 ,1 8 1 ,2 2 7
7 0 7 ,3 8 1
L a n d & tow n co n tra cts.
2 ,927,826
2 ,287,932
2 ,352,651
2 ,8 5 4 ,4 8 1
M i s c e l l a n e o u s ____________
5 1 1 ,6 5 2
1 0 1 ,9 9 9
__________
4 1 5 ,9 9 5

Total assets__________577,536,379 566,123,746 556,712,644 540,388,745
Liabilities —

Common stock _________ 195,446,900 164,841,900 108,770,900 108,770,900
Preferred stock ________ 99,544,100 99,558,900 99,558,900 99,551,900
Bonds, after deduct’g bds.

of a u x ’y corn’s o w ned_201,532,000 229,945,000 289,741,500 279,272,000

Coupons due July 1____ 2,528,005
Int. accr’d on bonds &
loans to June 30_____
618,958
Loans & bills p a y a b le ... _________
Vouchers & pay rolls_
_
5,327,346
Divs. pay. July 1 & O ct.l 11,764,777
Taxes assessed, not du e.
929,973
Sundry p rop’y com p’s . _ 2,997,127
Individs. & com pa n ies..
52,589
Trust a c c o u n ts ________
51,878
Reserve for betterm ’ts,
' additions, <5cc_______
9,452,961
Reserve for flood dam ’ge
________
Insurance fund________
452,522
Equip, replace, fu n d s .. _ _______
Deferred payments on
•land co n tra cts.______
2,927,826
Reserve for dep’ n leased
* S .S .’s and roll’g stock
763,056
M iscellaneous__________
350,332
Profit and loss__________ 42,796,026

( R e p o r t f o r F i s c a l Y e a r e n d in g J u n e

30 1906.)

President C. C. Harvey, Aug. 14 1906, writes in substance:

Total
. . .
_ . 8,882,911 11,173,488 12,451,539 11,699,174
Surplus over charges___ 31,764,674 22,785,506 16,597,093 15,276,642
D ed u ct —
Div. on com . s t o c k s ( 8 ) 15,550,392 (4 ^ )7 ,1 0 4 ,2 5 0 (4)4,350,836 (4)4350,612
3,982,356
3,982,064
3,982,248
Div. on pref. stock (4) _ _ 3,981,764
D iv. on O. R . & N. stk.
492
454
544
outstanding_____
268
Appro, for betterm ts,
4,200,000
3,979,165
3,550,000
2,000,000
im pr’ts, eq u ip ., & c—
Total _ _
Balance, surplus.

T o ta l______ -.6,540,934 6,332,991

2,528,005

2,528,005

2,528,005

743,403
11,198,375
3,685,474
6,600,014
893,293
2,128,935
________
77,218

1,963,310
13,128,000
3,113,840
4,167,072
780,534
809,304
_________
175,880

1,511,570
14,250,000
3,330,931
4,386,660
719,847
247,349
_________
275,711

5,241,480
_________
405,028
127,393

3,000,000
_________
297,427
114,442

500,000
500,000
191,300
113,809

2,287,932

2,352,651

2,854,481

39,536
378,665
35,443,194

________
205,198
26,005,682

_________
252,040
21,132,240

Total liabilities______ 577,536,379 566,123,746 556,712,644 540,388,745
— V. 83. p. 1172, 1038.

E a rn in g s. — There

is a decrease in gross earnings of $122,180,
or 8 .5 8 % . and a decrease in the
net
eurnings
of
$79,644.
During July 1905 yellow fever broke out in New Orleans and along the iine
of your road. Strict quarantine regulations were enforced by the State
and other authorities until Oct. 23, seriously interfering with travel and
business generally. The passenger receipts for August, September and
October fell off com pared with the previous year from $116,168 to $25,086,
a decrease of $91,082, or over 78% . There was a decrease also in freight
earnings of over $38,000. The onerous conditions under which trains had
to be run during quarantine prevented any material reduction being made
in expenses to meet the loss of traffic. The cotton crop in North Louisiana
was also very small, so that'after quarantine was rem oved there was a con­
tinued decrease in freight traffic until the end of December, after which
it improved.
Maintenance of way expenses include $28,336 for new steel bridges;
S3,700 for new station at Tallulah; SI6,576 for replacing 60-lb. rails with
75-lb. rails; $15,924 for new sidetracks, less the value of old sidetracks
removed.
Maintenance of equipment includes $24,000 for renewal of engines and
$43,083 part cost of 200 new b ox cars purchased in 1903-04 on car trust
plan; the last payment for which is payable March 1 1907. The expenses
also include the cost of one mail car, 23 box cars, 21 flat cars and 8 coal cars
credited to replacement fund to take the place of a like number of vehicles
broken up or disposed of.
D iv id en d s. — A dividend of 5% on the preferred stock was paid Aug. 26
1905 and a dividend of 2% on the com m on stock was paid N ov. 30 1905.
[In 1906 the preferred will receive its full dividend, but the dividend on
the com m on stock will be om itted.— Ed.]
R oa d . — Of the 171.47 miles of main track operated, 64.13 miles are laid
with 75-lb. steel rails and 107.34 miles with 60-lb. steel rails. During the
year there were laid in the main track 12.97 miles of 75-lb. steel rails in
replacement of 60-lb. steel rails. There are 36,719 lineal feet of bridge
structure on the line between Delta and Shreveport, o f which 2,702 feet
are steel and iron spans and 34,017 feet wooden trestles. Since June 30
1886 the length of wooden trestles has been reduced from 56,778 lineal
feet to 34,017 lineal feet and 280 openings closed.
E q u ip m en t. — The road is equipped with 32 locom otives, 30 passenger,
baggage and mail cars and 984 freight and other cars. Since the organiza­
tion of your com pany on May 1 1.901 the freight equipment has been in­
creased from 671 cars to 950 cars, or 4 2 % , while the total carrying capacity
has been increased from 14,472 tons to 24,050 tons, or 66% .
C a p ita l A c c o u n t. — The expenditures on capital account were for three
passenger coaches, $28,256; depot grounds and right of way, $2,072; total,
$30,328.
E q u ip m en t T r u st. — The com pany has contracted for the purchase o f
200 freight cars to be paid for from the proceeds o f 4I^% equipment trust
for $193,554, payable in semi-annual installments ,|the last installment being
due April 1 1913.
O P E R A T IO N S , E A R N IN G S , E X P E N S E S A N D C H A R G E S .

1905-06.
171
Miles operated _ _
O peration s —
324,765
Passengers ca rried -----Pass, carried 1 m ile------ 13,871,544
2.51 cts.
Rate per pass, per m ile.
710,906
Tons of revenue freight.
Tons rev. f ’ght 1 mile— 65,533,866
1.21 cts.
Rate per ton per m ile___
E a rn in g s —
5
348,010
Passengers. _
—
790,779
Freight _
-------163,435
Mail, express, & c. . . .

1904-05.
171

1903-04.
171

1902-03.
171

400,099
16,305,693
2.70 cts.
689,256
61,769,381
1.33 cts.
$
440,150
SIS,752
165,503

375 ,486
15,469,447
2.72 cts.
722,226
66,954,307
- 1.26 cts.
$
421,152
845,393
160,206

324,179
13,660,431
2.76 cts.
703,255
64,564,980
1.15 Cts.
$
377,149
743,260
148,114

Total
. ._
Oper. expenses & taxes.
P. c. of exp. to earnings.

1,302,224
1,038,397
(79.74)

1,424,405
1,080,933
(75.89)

1,426,751
1,046,885
(73.38)

1,268,523
897,534
(70.75)

Net earnings
-----Other in c o m e -----------

263,827
14,068

343,472
15,627

379,S66
10,057

370,988
11,632

277,895
Total net in c o m e -----D ed u ct —
170,480
Interest on b o n d s -----Div. on com m on s to c k ._ ______ i . - i .
D iv. on preferred stock . (5)107,140

359,099

3S9 ,923

382,620

Total _ —
. —
Balance, surplus.

277,620
sur.275

170,480
(2)57,130
(5)107,140
334,750
24,349

160,438
157,980
(3)85,695 (2 H) 71,412
(5)107,140
(5)107,140
353,273
36,650

336,532
46,088

B A L A N C E SH E E T J U N E 30

1906
1905.
1906
1905.
S
S
LiabilitiesS
8
Cost of property----- S,057,038 S,026,710 Common stock ____ 2,856,500 2,856,500
Investment account.
15,800
15,800 Preferred stock____ 2,142,800 2,142,800
Stock of material,
V. S. & P. Railroad
&c., on hand____ 176,359
167,275
prior lien bonds— 1,323,000 1,323,000
Station agents_____
10,627
11,662 ! V. S. & P. Railway
Remittances in tran­
general M. bonds. 1,822,000 1,822,000
sit _____________
11,5561 Int. on M. not due..
28,413
28,413
14,315
Cash in hand and in
Sundry creditors___ 148,1S1 127,525
b a n k ___________ 318,022 355.4421 Creditors on pay-roll 42,813
40,745
Other railroads------94,S03
77,9661 Other railroads____
50,324
28,675
Sundry debtors------16.068
50,514
29.475! Roll, stock, rep. fund 61,142
75,396
Bills receivable------51,000, Equip.obi’ns p.contra 193,554
42,000
Equip, trustp. contra 193,554
75,396! Net revenue account 269,861 326,714
Assets —

T o ta l________
-V. 81, P- 1552.

S.93S,5S7 S,822.2S2|

Total

8,938,587 8,822,282

Deo. 1 1906.]

THE CHRONICLE,

Alabama & Vicksburg Railway.
(Report for Fiscal Year ending June 30 1906.)
President C. C. Harvey, Aug. 11 1906, writes in substance:
E a r n in g s .— There Is an Increase In gross earnings of $22,204. or 1.03% ,
and an Increase In net earnings of $15,428, or 5.38% .
During July 1905 yellow fever broke out In Louisiana and later In Vicks­
burg. Strict quarantine regulations were enforced throughout the South
by State and other authorities until Oct. 23, seriously alTectlng travel and
business generally. The passenger receipts of the company for August.
September and October fell off $50.881. or over 5 6 % , as compared with the
previous year, and it is estimated that the loss In freight earnings amounted
to at least $20,000.
The operating expenses Include, a liberal expenditure towards maintain­
ing the physical condition and equipment of the property. Maintenance
of way expenses include $54,793 for new steel bridges. $20,867 for replacing
60-lb. rails with 75-lb. rails. $2,987 for additional telegraph wire. $14,359
for raising grade and $61,046 for ballasting. Maintenance of equipment
Includes $24,000 for renewal of engines. The expenses idso include the cost
P h y sica l C o n d itio n .— Of the 142.78 miles of main track. 87.39 miles are
laid with 60-lb. steel rails and 55.39 miles with 75-lb. steel rails. During
the year there were laid In main track 7.49 miles of 75-lb. steel rails In re­
placement of old 60-lb. rails. There are 19,396 lineal feet of bridge struc­
ture In the main track, of which 2,097 lineal feet are steel and 17.299 lineal
feet are wooden trestle. During the year wooden trestles were extended
100 feet in length to give additional water way; 55 feet of wooden bridge.
150 feet of light iron bridge and two trestles aggregating 276 feet In length
were replaced by 380 feet of heavy steel spans. Since June 30 1886 the
length of wooden bridges and trestles has been reduced from 27,381 lineal
feet to 17,299 lineal feet and 238 trestle openings have been closed.
The company has acquired the right to use the union passenger station
at Meridian, Mississippi, that is now being constructed oy the Meridian
Terminal Co. This station will be com pleted by Sept. 1 1906.
E q u ip m en t .— The com pany owns 26 locom otives, 24 passenger, baggage
and mail ears and 1,119 freight and other cars. During the ten years ending
June 30 1906 the freight equipment has been increased from 465 cars to
1.092 ears, an increase of 135% , while the carrying capacity lias been in­
creased from 11,805 tons to 32,775 tons, or 178% .
of 19 box cars. 2 coal cars and 6 flat cars credited to replacement fund.
L a n d s .— There were sold during the year 10,255 acres of land for $51,065,
of which $38,502 was paid in cash and $12,564 in notes. The cash receipts
amounted to $50,253. and the expenses, including taxes, to $7,159, leaving
net $43,094. Second mortgage bonds of the face value of $97,000 were
purchased out of the accumulated proceeds of land sales and canceled.
The lands unsold at June 30 1906 aggregate 15,612 acres.
O P E R A T IO N S , E A R N IN G S , E X P E N S E S A N D C H A R G E S .
1904-05.
1903-04.
O p era tion s —
1905-06.
1902-03.

Passengers carried _ .
338,720
Pass, carried 1 m ile____ 14,228,895
Rate per pass, per m ile.
2.57 cts.
Tons (freight) car. rev__
802,360
Tons (freight) car. 1 mile 81,893,399
Rate per ton per m ile_
_
1.08 cts.
E a r n in g s —
8
P a sse n g e rs_
_
_____
365,409
Freight.
885,388
Mail, express, & c.........
129,449
T ota l_________________
Oper. expenses and taxes
P. c. of op. exp. to earns.
Net earnings

D ed u ct —

362,229
14,866,S15
2.65 cts.
761,603
79,652,058
1.05 cts.
$
394,537
836,777
126,729

328,277
13,014,610
2.70 cts.
725,756
77,349,843
1.05 cts.
$
350,755
814,444
121,894

277,404
11.800,103
2.66 cts.
646,485
65,773,927
1.10 cts.
$
313,958
720,795
115,793

1.380,246
1,078,028
(7S.10)

1,358,043
1,071,252
(78.88)

1,287,093
994,415
(77.26)

1,150,546
848,973
(73.79)

302,218

286,791

292,678

301,573

cr. 1,738

119,415.

119,415
20,845
(6)63,000
203,260
98,313

Interest on bonds
_ _
Miscellaneous ( n e t ) ____
Dividends
__ . . . . .
New freight cars _ _

115,777
cr.21,500
(7)73,500
65,496

(7)73,500
59,963

(9)94,500
97,851

T ota l_________________
Balance, surplus_____

233,273
68,945

236,461
50,330

310,028
def.17,351

119,415

cr. 16.417

B A L A N C E S H E E T J U N E 30.
1906.
1905. !
1906.
1905.
Assets —
S
S
I Liabilities —
S
S
Road & equipment-.3,171,580 3,270,380: Common stock____ 1,050,000 1,050,000
Investments______
16,700
16,7001Bonds (see Supp.)..2,091,300 2,190,000
Materials, &c_____
71,861
75.346] Interest on bonds__
28,641
29,854
Cash — ___________ 042,052
542,668 Miscei. creditors----- 183,657
118,035
Sundry debtors____
75,804
49,444! Other railroads____
89,441
71,922
Station agents--------16,788
9,5161Replacement rolling
Remittances_______
19,492
18,26 4! stock fund_______
29,360
19,823
28,632
43,541
Other roads..............
42,879
40,316! Miscellaneous______
Bills receivable____
39,639
77,184! Land sales accts___
66,048
112,962
Bills receivable, lands 20,572
18,359 i Net revenue account 550,884 481,939

Total____________ 4,117,965 4,118,1761
— V. 83, p. 322.

Total...................... 4,117,965 4,118,176

New Orleans & North Eastern Railroad Co.
(Report for Fiscal Year'ending June 30 1906.)
President C. C. Harvey, Aug. 10 1906, writes in substance;
E a r n in g s. — There is an increase in gross earnings of $438,201, or 17.09% ,
and an increase in net earnings of $116,789. A dividend of 3 K % on the
registered common stock was paid Dec. 1 1905 from the net earnings
5.
During July 1905 yellow fever broke out in New Orleans, and strict quar­
antine regulations which were enforced against that city by State and other
authorities until Oct. 23 seriously affected the earnings. The passenger
receipts for August, September and October fell off, compared with the
previous year, by $59,426, or over 4 5 % , and although freight earnings for
t h e same period did not show a decrease compared with the previous year,
it Is estimated they would have been greater than they were by at least
$ 6 0 ,0 0 0 if yellow fever had not appeared. The maintenance of way ex­
p en ses lnclude$147,887 for new steel bridges In replacement of lightlron
s t r u c t u r e - , $37,078 for reinforcing Lake Pontchartraln trestle, $11,097 for
additional sidetracks and $4,577 for tw'o new steel water tanks. Mainte­
nance of equipment includes $30,000 for renewal of engines, $42,000 for new
p a s s e n g e r cars. $20,000 towards the cost of rebuilding old worn-out freight
c a r s . $10,865 for a wrecking crane and $5,035 for three new wrecking cars.
The expenses also include the cost of 79 coal, 45 box, 1 dump and 50 flat
cars, credited to replacement fund.
The increase In the cost of conducting transportation is owing to the
large Incrense in freight traffic and to the use of the terminal facilities of
the New Orleans Terminal Co. referred to in the report of last year. A
considerable portion o f the Increased traffic this year is due to these addi­
tional facilities.
R o a d . — The main track Is laid with 75-lb. steel ralLs. There are 2,441
lineal feet of steel and Iron bridges and 60,245 lineal feet of wooden trestles
— in all 62.686 lineal feet (11.87 miles) of bridge structure in the main line.
This includes Lake Pontchartraln creosoted trestle, 5.72 miles. There are
also 2,907 lineal feet of wooden bridges and trestles in sidetracks. During
the year two 62-ft. plate girder bridges were replaced by 134 ft. of trestle;
other trestles were extended an aggregate length of 113 feet. Since January
1884 the number of trestles has been reduced by 62 and the length by
15.23 miles.
E q u ip m en t. — The com pany owns 57 locom otives, 54 passenger, mall and
baggage cars and 2,279 freight and other cars. During the ten years ending
June 30 1906 the freight equipment has been Increased from 1,508 to 2,235
cars, an Increase of 4 3 % , while the carrying capacity has been Increased
from 33,150 tons to 63,110 tons, an Increase of 90% .
C apital A cc o u n t. — The expenditure on capital account amounted to
$23,419, being part cost of grading for a second track between New Orleans
and South Point, 16 miles in length, In course o f construction.
Trackage R ig h ts, A c .— Effective Aug. 1 1906, your com pany has granted
to the New Orleans Great Northern H R. Co. trackage right between
Slidell and New Orleans and the Joint use of your Press Street terminals In
New Orleans.
The St. Louis & San Francisco H R . Co. has given notice that on Jan. 2
1907 It will exercise Its right to terminate the contract with your company
for trackage between Meridian and New Orleans.

1345

Y our com pany has acquired the right to use the Union Passenger Station
at Meridian. Miss., that Is now being constructed by the Meridian Terminal
Co. This station will be com pleted by Sept, l 1906.
E q u ip m en t T r u st .— The com pany has contracted for the purchase of 600
freight cars, to be paid for from the proceeds of a 4 H % equipment trust
for $461,651, payable in semi-annual Installments, the last being due April 1
1913.
O P E R A T IO N S , E A R N IN G S , E X P E N S E S A N D C H A R G E S .

1905-06.
1904-05.
1903-04.
1902-03.
Miles o p e ra te d ______ _
196
196
196
196
O p era tion s —
Passengers carried_____
577,636
497,559
467,312
533,684
Pass, carried 1 m ile____ 26,274,959 24,719.572 23,036,547 22.897,095
A v. earn. p. pass. p. mile
2.00 cts.
2.10 cts.
2.12 cts.
2.08 cts.
1,833,265
1,544,010
1 ,390,596
_
Revenue tons carried_
1,354,493
Rev. tons carried 1 mile-229,304,742 195,040,204 175,382,355 177,676,912
A v. earn. p. ton p. m ile0.92 cts.
0.93 Cts.
1 .Ct.
0.94 cts.
$1.19
$1.49
$1.24
A v. earn. p. pass. tr. m_
$1.17
$2.74
Av. earn. p. fr’t tr. m__
$2.58
$2.81
$2.78
$15,324
Gross earnings per mile$13,087
$12,338
$11,004
E a rn in g s —
$
8
$
$
541,351
517,975
Passengers____476,802
488,578
F r e ig h t ............................
2,118,672
1, SI 0,040
1,760,553
1,664,110
341,954
235,761
167,836
144,064
Mail, express, A c ---------Total earnings. - ____
Oper. exps. and ta x e s ._
P. c. of exps. to ea rn s..

3,001,977
2,228,133
(74.22)

2,563,776
1 ,906,722
(74.37)

2,416,967
1,788,518
(74)

2,285,036
1,657,564
(72.54)

Net earnings........... ..
Other in c o m e __________

773,844
21,507

657,054
14,064

628,449
15,702

627,472
11,461

Total . _____________
795,351
671,118
D ed u ct —
Fixed interest on bonds.
324,690
324,195
Interest on incom es____
67,500
67,500
2.065
15.300
M iscellaneous__________
D ivid en d s___________ _ (5)300,000 (3££)210,000

644,151

638,933

321,900
67,500

317,624
67,500

(3)180,000

(3)180,000

569,400
74,751

565,124
73,809

Total .............
Balance, surplus.

694,255
101,096

616,995
54,123

B A L A N C E SH E E T J U N E 30.

1906.
1905.
1906.
Liabilities —
S
$
S
Cost of property. _14,207,621 14,184,202 Common stock __ 6,000,000
Material & supplies 295,835
241,360 Bds.(seeRy&I Sec) 8,242,000
Agents...... ...........
78,161
89,078 Interest on bonds.
210,045
Cash
-----------998,440
584,307 Miscei. creditors..
509,828
Sundry debtors__
119,975
81,136 Equip, obligations 461,651
Remittances____
14,586
13,917 Other accounts__
99,787
Equipment trust. 461,650
Other railroads__
159.85S
Other railroads_
_
239,565
170,848 Rolling stock fund
128,505
Net rev. account..
603,781
Assets —

T o ta l___ _____ 16,415,455 15,364,S54
— V. 82, p. 987.

Total . . ._

1905.
$
6,000.000
8,242,000
210,045
221.941
83,426
131,116
63,641
412,685

. 16,415,455 15,364.854

Nevada-California-Oregon Railway.
(Report for Fiscal Year ending June 30 1906.)
Vice-President and General Manager T . F. Dunaway,
under date of Reno, Nev., Aug. 2 1906, says:
G eneral R es u lts .— The gross earnings show an increase for the year.
The increase in freight revenue would have been very much larger, how­
ever, were it not for the San Francisco disaster in April 1906. There was
a decrease In the amount of freight from the Pacific Coast points destined
to our territory caused by the shortage o f supplies at San Francisco and the
diversion of traffic for the relief of that district.
The physical condition of the road has been fully maintained. The
apparent increase in the operating expenses is due principally to renovating
ocom otives— changing from w ood to coal and oil burners— and to the settle­
ment of personal injury judgm ent incurred in previous year, charged to
perating expenses of the current year.
B o n d s .—-Bonds to the amount of $7,000 were purchased for the sinking
und and canceled.
E x te n s io n .— The survey for the extension of the road from Madeline, its
present terminus, to Alturas, California (40 m iles), was com pleted, and the
permanent location of line from Madeline to Likely has been adopted.
Rights of way have been acquired for the entire distance, including station
grounds and terminal facilities at Likely and Alturas. Construction was
commenced at Madeline, Cal., on June 1 1906, and it is expected that the
road will be com pleted and in operation to Likely, M odoc County, Cal.,
20 miles north from Madeline before the close of the present calendar year,
and that the remainder of the extension to Alturas, M odoc County, Cal.,
20 miles north from Likely, will be completed during the year 1907.
O P E R A T IO N S , E A R N IN G S , E T C .
O peration s —
1905-06. 1904-05. 1903-04. 1902-03.
Tons carried_____ _____ _________
40,280
42,727
39,845
42,209
3,140,503 3,398,486 3,187,409 2,914,389
do
1 mile.
Revenue per ton per mile (mills) _
4.605
4.107
3.956
4.562
14,280
Passengers carried........... .. ...........
15,441
10,733
12,615
Passengers carried one mile
967,961
852,531
930,973
867,562
Revenue per pass, per mile (mills)
6.347
5.945
5.038
4.799
E a rn in g s —
$
$
$
$
126,084
Freight______ _____ ______ ____ __ 144,635
139,568
132,960
Passenger _ _
___________
61,436
50,685
46,902
41,630
Mail, express and m iscellaneous..
23,057
29,515
21,849
21,707

_ _____

229,128

219,708

194,835

196,297

Maintenance of way, e tc ________
Maintenance of equipm ent. _
Conducting transportation______
General expenses..
____

22,705
18,236
66,305
17,521

26,841
15,708
54,645
16,042

24,237
19,824
51,554
17,485

18,951
21,1 G6
50,762
14,170

Total expenses.. ________ .
Net earnings____________________
Other incom e_____

124,767
104,361
19,880

113,236
106,532
17,247

113,100
81,735

105,049
91,248

Total net Income........... ............

124,241

123,779

81,735

91,248

Interest on bonds............................
Taxes ........... .............. ..........
Sinking fu n d ................... .
Interest on loans. _
Permanent improvements.

25,467
7,021
6,170
10,535
490

25,783
5,858
6,220
11 ,729
14,078

26,067
6,065
6,290

27,650
5,335
4,870

T o t a l ........... .......... ............ ..........
Balance, surplus...................... ........

49,683
74,558

63,608
60,111

38,422
43,313

37,855
53,393

Total earnings___

E x p e n se s —

D ed u ct —

B A L A N C E SH E E T J U N E 30.
1906.
1905.
1906
1905. 1
$
Assets —
Liabilities—
$
$
8
Property account__ 2,798,694 2.801,2401|Stock, common-------1 ,450,000 1,450.000
Bonds owned............ 103,000
103.000] Stock, preferred----- 750,000 750,000
G10.000 017.000
Stocks owned..........
700 [ •
700
Accrued Interest----5,608
Cashier.....................
17,814|
4.283
39.106
Due from agents___
11,590
5,701
7.181
1,982 Vouchers..................
Individuals and cos.
10,300
4,943
15,632 Pay-rolls..................
4.936
2,040
Hospital fund........ 2,200
U. S. Gov’ t— P. O.
Dept., e t c ...........
21,079
3,490
3,4431 Net traffic balances.
3,369
Sierra Vat Ry. C o.. 211,409 214,1091 Loans_____________ loo.ooo
194.935
Material accounts__
21,530] Profit and loss_____ 269,102 210.150
13,494
Miscellaneous..........
434
4.072!
Surplus account___
45,065
05,000

T o ta l................... 3,230.389 3,248,8291
— V. 81. p. 1607.

T o ta l......... ........ 3,230,389 3,248,829

1316

THE CHRONICLE.
Chicago Union Traction Co.

[ V o l . u rsn w i

The statement enables us to make the following companson:

R e p o r t f o r L e a s e d L i n e s f o r y e a r e n d in g A u g . 31 1906.)
IN C O M E ACCO U N T F O R
The earnings of the operating companies for the years
1905.
ending Aug. 31 are reported as follows:
Net gain____________ _________
N orth C hicago S treet R R .

1905-06.
$3,518,004
. 2,185,694

1904-05.
$3,245,513
2,117,584

1903-04.
$3,174,514
2,118,478

N e t -------------------- _________________ $1,332,3X0
25,172
Other incom e______

$1,127,929
22,939

$1,056,036
21,467

Gross earnings------Operating expenses -

___ ___

$1,150,868

$1,077,503

$802,313
423,045
35,519

$731,914
380,790
38,164

$746,502
189,802
141,199

Total deductions __________________ $1,260,877
$96,605
Balance, surplus- -

$1,150,868

$1,077,503

1905-06.
_________ $6,573,964
Gross earnings_____
Operating expenses _________________ 4,335,737

1904-05.
$5,963,016
3,958,136

1903-04.
$5,523,135
3,802,898

Net earnings _ ________ _______ $2,238,227
_
50,404
Other incom e____ . _________________

$2,004,880
45,819

$1,720,237
44,303

. __ ... . _________________ $2,288,631

$2,050,699

$1,764,540

_______ $1,424,047
C h a rg e s___________
Consol. Traction Co. d e f i c i t . _____
797,124
Depreciation _
________________
67,460

$1,414,574
555,805
80,320

$1,383,448
432,334
248,758

Total deductions. _________________ $2,288,631
p deficit.
Balance, v l 11 \ - x U — — — — — _
— V. 83, p„ 687. 491.

$2,050,699

D ed u ct —
Interest and premium on bonds . $23,575
w ritten off- ....... ...........
80,000
8% on preferred stock .
___
4 l % on common stock ____ . . .
A
45,000

_ _ __ ____

_____ $1,357,482

____
C h a rg e s----------------- ________
____________
D epreciation_____
Consol. Traction Co. d e f. ___________

W est C hicago S treet R R .

Total

D ed u ct —

Tine plant consists o f 544,000 spindles, all of which have been run to tlieir
full capacity during the past year. W e have purchased the property of the
Taunton L ocom otive W orks at a very reasonable price and the buildings
will be used for storage purposes. This will give us ample storage for co t­
ton and will make it unnecessary for us to hire any outside storehouses,
as w e have bad to do in the past year. Our net sales during the twelve
months have been 46,771,000 pounds; we have invoiced to customers 46,947,000 pounds. In comparison with 52,700,000 pounds sold last year and
44„400,000 pounds invoiced, and we have a very large amount of orders
booked lor future delivery. W e have used during the year 106,000 bales of
cotton *
T h e profits from manufacturing for the year have been $914,000. $200 ,000 has been charged to profit and loss and credited to new machinery ac­
count, to be expended later as needed, and $15,000 has been credited to
suspense account to take care o f possible bad debts. Dividends amounting
to 6% have been paid on preferred stock, and $57,000 has been paid to the
sinking fund and $57,000 of bonds have been canceled. The balance to
profit and loss after all deductions is $510,000.
R E S U L T S F O R Y E A R E N D I N G S E P T . 29 1906 A N D 1905.

____$930,700

5177,700

$26,705
1,586
80,000

$27,897
1,592
80,000

§29,751
1,592
60,000
45,000

$95,179

$55,852

$21,356

1902.

B A L A N C E S H E E T D EC. 31.

1904. 1
1905.
1905.
1904.
*
$
S
| Liabilities —
8
Plant, franchises, &c.z2,371,624 2 .369,9081
Common stock.
.1,000,000 1,000,000
Prepaid insur., &c .
3.998
6.232 j Preferred stock ... .1,000.000 1.000,000
Accounts receivable.
66,923
55,761! Bond account___ --- *375,000 400,000
Materials, &c______ 125,804
111,279 |
Accounts payable . _ 24,589
10,249
Stocks and bonds.
2/73,648
89.648 Accrued interest.
1,875
2,000
Fum., fixtures, &c._
10.783
11.0911 Profit and loss..
344,914 278,464
Cash_____ ________
93.538
46,795!
Assets —

Total____________ 2,746,378 2,690,713 | Total____________ 2,746,378 2,690,718
x After deducting 8100,000 in the treasury. Compare text above, u Present
market value over 887,000. z Includes Lancaster & Penn Creamery, equipment
and buildings. 824,012.
Dividend Record.

1898
Common (% )_____ .... 0
Preferred (%)_ .
4
—V. 83, p. 494.

1899
4
8

1900
4
8

1901
3
8

1902
4k
8

1903
0
8

1904
0
8

1905
4k'
8

190!
8
S

(The) Pullman Company.
31 1906.)

The comparative statement of income account was given
last week, page 1226. President Lincoln supplemented
the annual report with the following:
T

New England Cotton Yarn Company.
29 1906.)
President C. Minot Weld, under date of Nov. 7, says:

T otal p r o f i t s . ______________________
D ed u ct —
Interest on first mortgage 5% bonds, say
Suspense account, & c___________________
Preferred dividend_______________________
Sinking fund_____________________________

YEAR.

1903.
$165,043

(R e p o r t f o r F i s c a l Y e a r e n d in g J u l y

(R e p o r t f o r F i s c a l Y e a r e n d i n g S e p t .

1905-06.
Profits from manufacturing (abou t)______________ $914,000
16,700
Miscellaneous profits____ _________________________

1904.
$203,471

Net surplus . . . . _________ . . . $06,450

$2,064,540
$300,000

Total Income

D ed u ct —

CALENDAR

1904-05.
S510.000
______
$510,000

The number of passengers carried during the year was 16,253,947, and
the number o f miles run was 467,629,664. During the previous year the
number of passengers carried was 14,969,219, and the number o f miles run
was 444,986,296. This year, therefore, shows an increase o f over 8 % in
the number of passengers carried and over 5% in the number of miles run.
The value of the manufactured product o f the car works o f the company
for the year was $27,718,992, and of rentals $384,157, a total o f $28,103,149,
against $16,801,495 for the previous year.
The average number of names on the pay-rolls at Pullman for the year
was 8,814, and wages paid $6,157,477, making an average o f $699 for each
person employed. The total number o f persons in the employ o f the
com pany, in all departments, was 24,028, and the wages paid during the
year was $14,546,786. The number of employees for the previous year
was 18,901 and the wages paid during that year $11,186,199.
C om p a ra tive S ta tistics.

1905-06.
1904-05.
1903-04.
1902-03.
Cars made (value)______ $27,718,992 $16,512,387 $22,838,400 $22,546,878
Rentals received________
384,157
289,108
304,360
338.811
Total miles of R y. under
contract for operation
of Pullman cars_______
190,433
184,147
180,035
175,761
Number of pass, carried. 16,253,947
14,969,219 13,312,668 12,321.260
Miles run by cars_____ 467,629,664 444,986,296 408,234,382 389,254,410
See also V. 83, p. 1233, 1226.

____$260,300
$263,150
____ 15,000
16,585
(6% ) 120,000 ( 1 M % ) 30,00 0
____ 57,000
"
58,000

National Steel & Wire Co.
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e

30 190G.)

In connection with the consolidation plan outlined on a
subsequent page of the “ Chronicle,” there has been issued
a pamphlet report giving the balance sheet of the National
Balance to surplus a ccou n t_____________________ $278,400
$142,265 Steel & Wire Co. (the holding company) on June 30 1906.
and also the following reports for the controlled companies
B A L A N C E SH EET.
Sep. 29 ’06 Sep. 30 ’05.
S ep . 29 '06. Sep. 30 ’05. for the years ending June 30.

Total charges and pref. d iv _________________ _____ $452,300
Credit b a la n ce .____________________________________ $478,400
New machinery account (see a b o v e )______________ 200,000

Assets—

$

Real est., mach’ry
& 'flmprovenTfs. 8,518,190
,
Merehandise____ 2,031,788
Ace’ ts & notes rec. 1,521,683
Cash ___________
907,785
Investment_____
412,540
Suspense aeeount.
2,779

$

8,226,074
2,593,471
1,317,588
521,485
412,540
17,505

T otal_______ 13.394,765 13,088,663

-V. 81, p. 1608.

Liabilities —
$
Preferred sto ck ... 2,000 ,000
Common stock__ 3,900 ,000
1st mtge. 5% bds. 5,206 ,000
Notes & acc’ts pay. 1,493 ,294
R es’ ve for suspense
27 ,616
New mach. acc’t . .
200 ,000
Res’ve for deprec.
57 ,625
510 ,230
Profit and loss___

$367,735
$142,265

$

2 , 000,000

3.900.000
5.263.000
1,670,080
23,753
231,830

T o ta l_________13,394,765 13,088,663

American Caramel Company.
( F i n a n c i a l S t a t e m e n t .)

This company, owning factories at York, Lancaster and
Philadelphia, Pa., resumed dividends last year on its com­
mon stock, paying during 1905 three quarterly dividends of
1 A % each. This year it has paid 1M>% quarterly with y 2%
each quarter extra, making 8% for the year, A financial
statement, which has just come to hand, says:
The com pany was organized in March 1898 with $500,000 8% preferred
stock and $1,000,000 com m on stock. In June 1900 the preferred stock
was increased to $1,000,000, and an issue of bonds authorized in order to
purchase the Lancaster (Pa.) Caramel Co., the capitalization being now
$1,000,000 8 % preferred stock and $1,000,000 com m on stock. The author­
ized bond issue was $600,000, but $100,000 of the same have never been
issued. The amount of bonds retired up to and including June 1 1906
is $150,000, and the com pany has purchased and holds in Its treasury
$6,000 o f the bonds, leaving In the hands of the public only $344,000 of
the issue. The annual sinking fund is $25,000, with the privilege of re­
tiring $50,000 per annum. The trustee for the bondholders is the Industrial
Trust C o., Providence. R . I.
It will be noticed that the surplus account for the year 1905 was in­
creased $66,450, after having paid in dividends on preferred and com m on
stock, interest and premiums on bonds, $148,575. The com pany also re­
tired $25,000 o f bonds during the year. The business since Jan. 1 o f this
year has exceeded in amount and in profits the business for the same period
o f last year.
The com pany since its organization has paid dividends of 8% per annum
on the preferred stock, being 2% quarterly, January, April, July and Oc­
tober, and it is now paying 8% per annum on the com m on stock, payable
2 % quarterly February, May, August and November.
V o tin g T ru stees and D ir e c to r s .— A voting trust- was formed May 1 1905
Tor live years, consisting of over two-thirds of the common stock, conse­
quently the voting trustees will select the management for the five years
ending 1910. The preferred stock has no voting power at any time on any
matter unless the com pany should fail to pay regular dividends for a year
on the preferred stock. The voting trustees are; Daniel F. Lafean, Presi­
dent; Wendell P. R ice, Vice-President; Edward Cornell and W m . B. Ran­
dall, New York; Ohas. C. Frick, Y ork. Pa.
D irecto rs. — President, Daniel F. Lafean, Y ork, Pa.: Y 'ce-P res., W endell
P, Rice* N. Y .; Frank Haviland and C. C. Frick, v o h -. Pa.; w . M. Mick
• •d e . E. Peterson, N. Y .; Clinton H. W eeden, Providence, R . I.

S A F E T Y IN S U L A T E D W IR E
C A B L E C O ., B A Y O N N E , N . J .
{R ep o rt of P resid en t L c R o y C la rk, J u ly 1 1906.)

The total output for the year ending June 30 1905 was $1,363,481; for
the year just ended, $2,036,904— a gain of $668,423, or 4 8 % , without any
additional machinery. It has been decided to expend about $3,000 for
100 additional braiding machines. The cost o f labor for the earlier year
was $237,105, or 17.31% o f the total output, while for the year just ended
it was $274,441, or 12.98% of the total output— a saving o f 25 % . As the
greater portion of this saving has been made during the last half o f the
year, it is fair to assume that next year’s showing will be very materially
increased. Due to the complete reorganization o f the administrative and
selling forces, there has been a saving in the past year of $36,989 in these
departments. In December last the executive and selling offices were
m oved to the Bayonne W orks. The physical condition of the plant is
better than ever before. The com pany is at a disadvantage in handling
its greatly increased business, due to lack of sufficient working capital.
The outlook for the coming year is all that could be desired, and orders have
already been booked for the entire product in certain lines at advanced
prices.
N A T IO N A L W IR E C O R P O R A T IO N , N E W H A V E N , C O N N .
{R ep ort o f G eneral M a n a g er H erbert S m ith , form erly M a n a g er o f W ire D e ­
partm en t D o r m o n , L on g & C o ., M id d lesb o ro , E n gla n d .)

The total output for the year ending June 30 1905 amounted to $1,246.374; for the year just ending, $1,440,641, a gain of $194,267, or a gain o f
16 A % . The cost of labor for the earlier year was $368,664, or 29.4%
of the total output, while for the year just ending it was $398,953, or 27.7% ,
making a saving o f 14% . The total administration and selling expense
for the year 1904-05 was $138,138, while that for the past year amounted
to $94,101, a saving o f $44,027. The physical condition of the plant is
better than ever before. During the year buildings to the amount o f
$79,099 and machinery to the amount of $53,842, a total of $132,941,
have been added to the plant.
The com pany has been at a disadvantage in running and handling this
large business, owing to the lack of sufficient working capital, the plant
only operating at about one-half its full capacity. The outlook for the
coming year is all that can be desired, and orders already on the books
unfilled will run the plant well into the present year.
N A T I O N A L S T E E L F O U N D R Y C O ., N E W H A V E N , C O N N .
{R ep ort of G eneral M a n a g er H erbert S m ith , J u ly 1 1906.)

The total output for the year ending June 30 1905 was $158,768; for the
year just ending, $356,130, making an increase of $197,362, or 124% in ­
crease. The cost of labor for the earlier year was $91,110, or 58% o f the
total output, while for the past year it was $178,560, or 5 0 % . making a
saving o f 16% . The reduction in administration expense was $19,186.
Labor charges for year 1904-05 were $29.155, while those for the past
year were $9,969. Additions to plant, §14,647.
DE

K A L B & U N IO N F E N C E C O M P A N I E S , D E K A L B . I L L .
{R ep ort of G eneral M a n a g er J u d so n B r e n n e r , S ep t. 22 1906.)

Sales from July 1 up to the present tim e are considerably ahead o f last
year, being about double. The principal part of our increased business
iias been on Eagle and Union barb wire, this increase alone being 2,169,038
lbs. over the previous year. The increase in sales should have been more,
but when you are reminded that prices for all wire commodities were lower

THE CHRONICLE.

D » c 11906.'

’ is q viIt*' r e a s o n a b le , a n d . In f a c t , s a t i s f a c t o r y .
T h e c a p it a l e x p e n d i t u r e
w a s 5 5 ,7 0 0 t o r t h e y e a r e n d in g J u n e 3 0 1 9 0 6 .
A s t o fu t u r e b u s in e s s , w e c o u l d n o t aslc f o r b e t t e r I n d ic a t io n s .
A ll c r o p s
i v e b e e n h e a v y , e s p e c ia lly c o r n , w h i c h w ill b e a s la r g e a s a n y c r o p w e h a v e
e v e : tu r n e d out'.
I p e n c o r n d e p e n d s s t o c k r a is in g , w h ic h c a lls f o r fe n c in g .
Aid it h as a lw a y s b e e n o u r e x p e r ie n c e w it h g o o d c o r n c r o p s w c h a v e h ad
. e: r e s p o n d lu g ly g o o d fe n c e b u s in e s s .
QROSS

SALES

OE

C O N T R O L L E D C O M P A N IE S .
1006.
1905.
-------- Increase -------S a f e t y I n s . W ir e & C a b le C o _
$2 ,0 3 6 .9 0 4
$1 .* 6 8 ,4 8 1
5 6 6 8 .1 2 3
-18%
.N a tio n a l W ir e C o r p o r a t i o n
. 1.-140,641
1 .2 4 6 .3 7 4
1 9 4 ,2 6 7
1 6 .4 %
N a tio n a l S teel & F o u n d r y C o .
3 5 6 ,1 3 0
1 5 8 ,7 6 8
1 9 7 .3 6 2
124%
D e K a l b 4 C o l o n F e n c e C o 's _ .
See te x t a b o v e .

v'car ending June SO—

N A T I O N A L S T E E L be W I R E C O .— B A L A N C E S H E E T J U N E 30 19 0 6.
Assets —
L i a b i li t i e s —
I n v e s t ’s in F t o c k s & b o n d s .$ 7 .1 7 7 ,8 9 6 P r e fe r r e d s t o c k .
_
$ 3 ,6 3 3 ,7 0 0
u r n lt u r e a n d f i x t u r e s . 1 .0 5 4 j C o m m o n s t o c k
.
. . 3 ,8 7 5 ,8 1 7
R e c e i v a b l e s ______
2 .4 0 1 .3 9 4 S p e c ia l lo a n s b y d ir e c t o r s
1 ,3 7 2 .1 2 5
'as'i
4 5 ,0 3 5 |D u e c o n t r o l l e d c o m p a n i e s .
3 0 5 ,6 9 0
. B ills p a y a b l e ___
_ .
2 8 6 ,7 6 8
R e s e r v e f o r u n p a id d iv l
5 6 ,8 3 4
d e a d . M a y 1 9 0 6 . ___ .
IS u r p l u s ______ ________
9 4 ,4 4 5
T ota l
- V . 8 3 . i> 1 0 0 .

$ 9 ,6 2 5 ,3 7 9

T o t a l ____

. .

.

$ 9 ,6 2 5 ,3 7 9

GENERAL IN V E S T M E N T N EW S.

RAILROADS, INCLUDING STREET ROADS.
Atchison Topeka & Santa Fe Ry.—C o n so lid a tio n o f

C on-

w a y C o . a n d C h a r le s F i t c h K e m p a n d T h o m a s R o b e r t R o n a l d , t r u s t e e :
s e c u r in g a n Issue o f £ 2 9 2 ,5 0 0 " D o m i n i o n A t la n t ic R a i l w a y e x t e n s io n d e ­
b en tu re s t o c k ." — V . 8 0 , p . 990.

Eastern Wisconsin Railway & Light, Fond du Lac, Wis.
—Battles, Ileye & Harrison, New York and
Philadelphia, are offering at par and interest $50,000 5%
bonds of 1923. The authorized issue is $1,500,000, of which
$712,000 is outstanding and $192,500 is reserved for prior
liens and $595,500 for improvements, etc., at 90% of cost.
E a r n i n g s .—For 10 months ending Oct. 31:
B o n d s O ffe r e d .

10 M o n th s .
1 9 0 6 . _______
1 905 ______________
— V . 81. p . 974.

C ross.
$ 1 5 6 ,2 7 5
1 4 6 .1 3 1

O p . e x p . & ta x e s .
$ 1 0 3 ,0 9 1
IO I .0 7 I

Net e a r n s
$ 5 3 ,1 8 4
4 5 .0 6 0

Great Northern Ry.—S a le o f S to c k . —See report of Union
Pacific RR. on a subsequent page.
R u m o r s o f N e w S tock I s s u e .—The "Wall Street Summary"
yesterday said:
In connection with the strength of Northern Pacific and Great Northern
to-d a y In an otherwise extrem ely dull m arket. It Is learned that It Is proposed
to announce before the close o f D ecem ber the plan of the Great Northern
directors to Issue $50,000,000 additional stock to the shareholders at par
It is proposed to use a part o f the proceeds o f this Issue to pay tor I m ­
provem ents and extensions and a part to buy the equ ity o f th e Northern
Pacific In the Burlington stock deposited under the 4 % jo in t bon d issued
by the Great Northern and Northern Pacific com panies. T h e am ount o f
this equ ity Is now calculated at about $32,600,000, w hich w ould be e q u iv a ­
lent to a little m ore than 21 % o f the $155,000,000 Northern P acific stock
outstanding. It is proposed to m ake this distribution in the form of a cash
dividen d. A t present prices, the rights on the $50,000,000 Great Northern
stock to he Issued w ould be w orth a little ab ov e 50.— V . 83, p. 1290. 1228

Illinois Coal Properties.—
—The “Coal Trade Journal” in September last had
the following from its correspondents:

notice lias been published in
P r o p e r tie s H e ld b y R a ilro a d
Texas o f the intention of the m anagem ent to apply to the
In te r e s ts .
ext Legislature for authority to consolidate into one system
die Gulf Colorado & Santa F e, the Texas & G ulf, the Gulf &
coal com
ber
Interstate, the Gulf Beaum ont & K ansas City* and the Gulf of Either through friendlypanies ow panies or b y direct ow nership, a numthis
Im portant railroad com
n considerable tracts o f coal lands in
Beaumom. & Great Northern; with the right to extend the region. A map recently com piled b y a Cartervllle Engineering Co. show s
interests affiliated w ith
Y ork Central.
•onsolidated road to Tim pson, about 15 m iles, and from som e 85.000 acres ow ned b y Illinois Central interests,the New acres b y Rock
12.000 acres ow ned by the
14,000
Long View to a point on the Red R iver, a distance of about Island, 18,000 acres b y C. B. & Q. and 4,000 acres b y Missouri Pacific.
125 m iles, whence, it is said, the line will be extended north­
O p e r a tio n o f B r o o k ly n
west through Indian Territory to a connection with the T u n n e l .
K ansas City line of the Santa F e, an additional distance of
about 150 m iles.— V . S3, p. S17, 832.
S a le o f N etc S tock o f M a n h a tta n R a i l w a y .
&
E x t e n s io n o f B o n d s . —
N otice is given under date of N o v . 26 by advertisement on
R eco rd D a y .
another page th at an arrangement has been made with
J. P , Morgan & Co. to extend all the outstanding bonds
from Jan. 1 1907, when they m ature, to Jan. 1 1910 at 4 % %
interest, payable Jan. 1 and July 1 in New Y o rk .
The afore­
said bonds include $ 50 0 ,0 0 0 4 % preference bonds; $ 4 ,2 5 0 ,0 0 0
first mortgage 7 % bonds and $ 7 5 0 ,0 0 0 4 % income bonds.
The lien of the several m ortgages now securing the bonds
will continue unimpaired. Holders of the bonds agreeing to
D iv id e n d s.
xtend will receive also a compensation of % of 1 % in cash
and will surrender all right of voting thereon.
The right to extend as above is reserved to such of the
(1) T o p a y 2 K % (£2 5s per £100 share) on the outstanding 4 Yi % secon d
present holders as shall deposit their bonds with J. P. Morgan debenture stock (£ 1 ,1 50 ,0 00 ), m aking w ith the 2 M % paid M ay 30 last the
full 4 }^ % for the year.
& C o ., 23 W a ll Street, on or before Jan. 2 1907.
The
(2) T o pay 7 % on the 7 % “ B ” debenture stock (£4 69 .4 59 ).
(3) To recom m end th at, after providing for the £14,646 standing to the
interest due Jan. 1 1907 on the above bonds will be cashed
debit of the preferred shareholders In suspense, a dividen d o f 4s per share
at tim e of deposit . All bonds not so extended will be pur­ (2 % ) o u t lie 100,000 7 % preferred shares (£1,000,000) be declared.
(4) To set aside £8 ,000 for investm ent In trustee securities as a special
chased b y the firm at par on Jan. 2 1907. The Mercantile
accordance w ith the conditions o f issue o f the 5% prior
T rust & Deposit Co. of Baltim ore, M d ., is authorized to reserve fund in (£400.000 outstanding).
lien debentures
accept deposit of the bonds for the account of J. P. Morgan
The warrants for the ab ove paym ents, less incom e tax at Is, will be
Issued to the proprietors whose names appear upon the registers at the close
< C o .— Y . 8 2 , p. 1322.
fc
o f business N ov. 17, and w ill be posted on D ec. 6.
Central
L i s t e d . — The New Y ork
8rock Exchange has listed $ 25 0 ,0 0 0 additional consolidated
mortgage 5 % bonds of 1945, m aking the total am ount
fisted to date $ 1 6 ,9 5 0 ,0 0 0 , and has authorized the listing
rom time to tim e, prior to June 1 1907. of $ 75 0 ,0 0 0 addi-V o t i n g T r u s t C e r tific a te s .
uonal oonsols on official notice th a t they have been sold for
he purposes stated in the application, m aking the total
authorized to be listed $ 1 7 ,7 0 0 ,0 0 0 .
These $ 1 ,0 0 0 ,0 0 0 of
additional bonds were issued chiefly on account of expendi■ ir s m ade and to be made for the following purposes:
rolled

C o m p a n i e s .— Form al

Et 17

Atlanta

Interborough Rapid Transit Co.—
—It is now expected that trains will be in operation
under the East River from the Battery to Borough Hall,
Brooklyn, before April 1.
—See that com­
pany below.
—The company’s system on Nov. 26 carried
1,486,777 passengers, the largest record to date, and
an increase of 171,559 (13.05%), equal to $8,578, over the
corresponding day in 1905. To this result the elevated
contributed 917,143 passengers, an increase of 10.64%,
and the subway 569,634, an increase of 17.13%.—V. 83,
p. 1228, 970.
Interoceanic Ry. of Mexico.—
—The directors,
out of the net revenue for the year ending June 30 190 6
have decided:

Charlotte Air Line Ry.—

of Georgia Railway.—

The previous dividends on the “B” debenture stock include
4%% from the earnings of 1904-05 and 6% from the earnings
of 1903-04. The National RR . of Mexicoo wns £1,000,009
of the “second debenture stock.”—V. 81, p. 1665.
Lehigh Valley Transit Co.
—The
Philadelphia Stock Exchange has listed $4,676,424 preferred
stock voting certificates representing a like amount of 6%
preferred stock cumulative after Nov. 3 1910 and $2,782,750
common stock voting trust certificates in place of the same
amount of common stock.—V. 83, p. 96.
T o reimburse the com pany In w hole or in part for outlays on account
•: the purchase o f land at Savannah. A lb a n y . Athens, M acon and C olum ­
<
Kansas City Southern Ry.— N e w O f fic e r . —Edward F
bus, G a ., Birm ingham . A la ., and other places; the construction of add)
ilon a l yards. depots, terminals and tracks at these and other places; the Cost, for some jmars past the Second Vice-President-and
. idening of the gauge of the 50-m ile narrow -gauge road from Colum bus Traffic Manager of the Seaboard Air Line Railway Co., has
o G reenville, G a., know n as the Colum bus & R om e R R .; the acquirement been appointed Vice-President of the Kansas City Southern
•
w locom otives, cars and other equipm ent; the building o f new modern
shops a t M acon. G a.. and additions to the shops a t Savannah and Colum ­ Ry. Co., in charge of traffic, effective Dec. 15 1906.—V. 83,
bus. Ga.
p. 1288, 687.
E a r n in g
—For the 3 months ending Sept. 30 earnings were: Macon Dublin & Savannah RR.—Veto B o n d I s s u e . This
company, controlled by the Atlantic Coast Line interests,
has called a meeting of its shareholders for Dec. 22 to vote
upon making a mortgage to secure an issue of $1,880,000
— V . 8 3 , J). 7 o l . 435.
bonds.—V. 81.
Cmciigo Indianapolis & Louisville RR.—O f ferine/ o f Guar­ first mortgage (Elevated) Ry., p. 1792, 265. S a le o f S to ck .
Manhattan
New York.—
anteed B on is.— See Indianapolis & Louisville Rv. in last
The $4,800,000 new stock offered at auction on Wednesday
week's issue, p. 1290.— V. 83, p. 888, 686.
II. Muller
all
ranging
Cleveland & Sharon Electric Ry .— S u c c e sso r C o m p a n y .— by Adrian to $143 per & Son was andsold at prices is stated,
from $141
$100 share, averaging, it
This company has been incorporated under the laws of Ohio about 141%. Redmond & Co. and J. & W. Seligman & Co.
with 12,500,000 capital stock as successor of the Cleveland purchased jointly $3,800,000 stock at an average of about
> Sharer. Traction Go., which was placed in receiver's hands 1.41%; D. Lapsley & Co., $650,000 at 141, and the balance
v
^ept. 21 1904. The incorporators of the new company arc was sold to various persons, in smaller blocks of not loss than
E . Jay . inney. Herman J. Nork, Don C . Finney, C. M. 500 shares. The stock, it is understood, was underwritten
Pierce ar c C. W . Dilli.
by a
headed
Co. at 140, less
Cleveland & Sharon Traction Co. -S u c c e s s o r C o m p a n y . 2%% syndicateadditionalby Kuhn, Locb & might be obliged
and 1%
for any stock thc-y
See Cleveland & Sharon Electric R y . above.— V. 79, p. 1266. to take. As Kuhn, Loeb & Co. purchased only 500 shares
Domamon Atlantic Ry. —Acquisition M o r tg a g e . -The fol­ of the stock, the company will receive, apparently, as the
lowing instrument: have been deposited in the office of the proceeds of the sale, about $138% per share, or $6,666,000
in all. The amount due the Interborough Rapid Transit foi
Secretary of State of Canada:
expenditures under the lease from April l L903 to Sept. 30
all
1906 was $3,452,183 (see V.83,p. 1228), leaving available
about $3,200,000 for future disbursements. A large part
T hree
rnonthc
•9 0 6
190JE .

G ross
e a r n in g s .
.5 2 .8 7 6 .9 3 9
2 .7 2 4 .5 2 1

O per. ex p .
an d ta x e s .
$ 6 1 2 ,4 2 1
7 8 2 ,8 9 3

O th er
in c o m e .
$ 2 9 ,6 6 5
3 1 .0 9 4

F ix e d
ch a ro es.
$ 5 9 0 ,0 2 9
5 4 6 .3 4 0

B a la n c e .
s u r p lu s .
$ 5 2 ,0 5 7
2 0 7 ,6 4 7

1
A d o td o f c o n v e y a n c e , d a te d O c t . 7 1905, c o n v e y in g
th e p r o p e r t y
: c fr a n c h is e s o f t h e M id la n d K a l i w a y . L t d . , t o t h e D o m in io n A t la n t ic
. V w a y O o.
a m o r t g a g e d i i r - l O r t . 7 1 9 0 5 b e t w e e n t h e D o m in io n A tla n tic R a il

1348

THE CHRONICLE.

o f the sto ck sold to R e d m o n d & Co. and Seligm an & Co. has
been re-sold b y them to in v e sto rs.— V . 83, p . 1291, 1228.

Manila R R . — Syndicate Over-Subscribed— Construction to
Proceed.— Speyer & C o., o f this c ity , in co n ju n ctio n w ith
Speyer B rothers and the H on g k on g & Shanghai B anking
C orporation o f L on d o n , have form ed a sy n d ica te fo r a b ou t
$20,500,000, for the pu rpose o f re-adjustin g the finances o f
the M anila & D agu p an R y . Co. (V . 79, p . 786; .V 83, p . 435)
and for the con stru ction o f ad d ition al m ileage and extensions
b y T he M anila R R . C o., an A m erican co rp o ra tio n . A fter
n egotiation w ith S ecretary T a ft, a co n tra ct has been m ade
w ith the U nited States G overn m en t to bu ild certain lines o f
railw ay in the Island o f L u zon (V . 82, p. 1102) a n d ,e n c o u r ­
aged b y the success o f the M anila & D agu pan R y . C o .,in
th a t islan d, it was n o t con sidered necessary to ask for the
gu aran ty o f the U nited States G overn m en t.
As m ost o f the capital required has been su bscribed
a b roa d , where all o f the existin g securities o f the old c o m ­
p an y are h eld, the interest in the sy n d ica te a llotted to this
cou n try m ust necessarily be sm all.
T h e first w ork was to arrange fo r th e taking ov er o f th e old M anila &
D agu pan R y ., com prising origin ally a b o u t 120 m iles o f ro a d , and to build
branch lines, until now it has som e 210 m iles o f road in operation . T he
intention is to com m en ce at on ce to su rvey and b u ild 425 m iles a d d i­
tion a l, with steel bridges, rails 65 pounds per yard and ballast o f g ood qu al­
ity , all going to m ake a railroad o f the best A m erican typ e.
W h en the
lines now con tem p lated are bu ilt the Speyer sy n d icate w ill have som e 700
m iles o f road (a part o f it d ou ble t r a c k ), running through fertile and wellp opu lated districts that are now p rod u cin g sugar, rice, h em p , co p re x ,
to b a c c o , corn and other p rod u cts. It is ex p e cte d that w itlj quicker and
cheaper m eans o f transportation these districts will p ro v e capable o f alm ost
unlim ited d evelop m en t.— V . 82, p. 1380.

Metropolitan Street R y., New Y ork. — Electric System on
Grand Street.— On N o v . 25 horse car service on th e G rand
Street line was replaced b y cars op era ted b y u ndergrou n d
tro lle y .— V . 83, p . 96.
Missouri Kansas & Texas R y . — New Officers.— A drian H .
Joline was on M on d ay elected P resid en t, v ic e Mr. F . N.
F in n ey , resigned. Jam es N. W a lla ce , P resident o f th e
Central T rust C o ., and J. G. M etcalfe h ave been elected
d irectors and m em bers o f the E x e c u tiv e C om m ittee o f th at
com p a n y to fill vacan cies.
Rumors Revived.— A s to the renew al, after a lapse o f sev­
eral m on th s, o f the rep ort th at the H ill interests have a c ­
qu ired a large, if n ot a d om in a tin g , a m ou n t o f sto ck in the
co m p a n y , the “ P hiladelph ia News B u rea u ” q u otes “ an in ti­
m ate friend o f Jam es J. H ill” as saying:
I k now th at the Hill interests have been qu ietly pickin g up Missouri K a n ­
sas & T ex as sto ck fo r the past six m onths. A large line was purchased
a b ou t six m onths a g o , w hen E. H . H arrim an g ave his first in tim a tion that
he was to co n tro l the destinies o f the Illinois C entral. T h e M issouri Kansas
& T exas and the B urlington roads are natural allies, conn ecting at Kansas
C ity , and th e Hill ow nership o f Missouri Kansas & T ex as is apparently de­
sired as an offset to the H arrim an-Illinois alliance. T he M. K . & T . system
has been placed in a strong p hysical con d ition , and its earnings to -d a y are
at the rate o f 4 % o n the preferred stock and 3 % on the com m on s to ck .—
V . 83, p. 890, S12.

Missouri Pacific R y .— L isted . — The New York Stock Ex­
change has listed $3,739,000 third mortgage bonds, extended
at 4% to 1938, and has authorized the listing, from time to
time, prior to June 1 1907, of $89,000 additional on official
notice that they have been extended, making the total
amount authorized to be listed $3,828,000. Compare V. 83,
p. 492.
E xten sion Contract Attached to Extended Bonds.
E xten ded b y m utual consent to July 1 1938 and m ade p a y a b le in gold
coin o f the U nited States o f the present standard o f w eight and fineness:
p rov id ed , h ow ever, and it is further m u tu ally agreed, th at if the Missouri
P acific R ailw ay Co. shall at an y tim e before the 1st d ay o f July 1938 give
notice o f its election so to d o b y ad vertisem ent published in tw o new spapers
in th e C ity o f New Y o rk n o t less than o n ce a w eek fo r fou r con secu tive
weeks it m ay p a y o ff this b on d b y paying to th e holder th ereof 51,050 in
g old coin o f the U nited States o f the present standard o f w eight and fineness,
together w ith the interest then due th ereon , and after the date so fixed
in such ad vertisem ent for p a y m e n t, interest shall cease on this bon d and
all coupons m aturing subsequent to said d ate shall be void and o f no effect.

[ V O L . L X X N I1I.

the to ta l listed $ 9 0 ,3 3 4 ,6 0 0 , as against $ 83,357,100 ou tsta n d ­
ing June 30 1906, as show n b y last annual rep ort.
(C om pare
V . 82, p . 8 6 9 .)— V . 83, p. 1229, 1099.
N orfolk & S outhern R y .— Consolidation Completed .— A t
N orfolk , V a ., on N o v . 23 the con solid a tion was com p leted
uhder this title per plan in V. 82, p . 929, o f the variou s ra il­
w a y and steam ship lines in E astern N orth C arolina and
S outheast V irginia, fo rm erly ow n ed or con trolled b y the
N orfolk & Southern R R . and the V irginia & C arolina Coast
R R . com p a n ies, togeth er w ith th e John L . R o p e r L um ber
C om p any and oth er lu m ber interests. T he officers o f the
new co m p a n y are:
M arsden J. P erry, Chairm an o f the board; F rank S. G annon, President:
M orris K . K in g , Charles O. Haines and G eorge R o p e r, V ice-P residents:
W alter B. G w y n , Secretary; M atthew M anly, T rea su rer; M. W . M aguire,
General Superintendent; R . P . F oster, A ssistant S uperintendent.

T he John L . R o p e r L u m b er C o., w h ich ^recently b o u g h t
the properties o f the B lades L u m b er Co. and B ellh aven
L um ber C o., and 2 m iles o f tra ck o f the V irginia & C arolina
Coast R R . at W in th ro p , will b e op era ted as an in d ep en den t
con cern , althou gh ow n ed b y th e railw ay co m p a n y . T h e
com p lete lines o f the system h ave a track age o f 408 m iles,
while th a t under con stru ction is 187 m iles lon g . P resident
G annon o fficia lly announces th a t a b rid ge 5J^ m iles lon g
w ill be bu ilt o v er A lbem arle S ound to tak e the place o f the
present ferry system . T he W a r D ep a rtm en t has given p er­
m ission fo r the b u ildin g o f the b rid g e.
T he con solidated co m p a n y will a u th orize an issue a m ou n t­
ing to $25,000,000 par valu e o f first and refu n din g m o rt­
gage b on d s and will h ave an au th orized issue o f $5,000,000
5 % n on -cu m u la tive preferred sto ck and $ 20,000,000 c o m ­
m on sto ck . T he $10,000,000 ca p ita l sto ck of the J. L .
R o p e r L um ber Co. and its issue o f first m ortgage g old bon d s
am ou n tin g to $10,00 0 ,0 0 0 , w ill b e p la ced under the lie n o f
the m ortgage o f the railw ay c o m p a n y .— V . 83, p . 1171, 970.
N orfolk & W estern R y .— Application to L ist .— T he c o m ­
p a n y has applied to the New Y o r k S tock E xch an ge to list
$2,000,000 divisional first lien and general m ortgage 4 %
b on d s o f 1944. This w ill increase the a m ou n t listed to
$ 1 3 ,0 0 0 ,0 0 0 .— V . 83, p . 1037.
N orth C hicago Street R R .— Report .— See Chicago U nion
T ra ction C o. under “ R e p o rts” on a precedin g p age.— V . 83,
p . 1 2 2 9 ,8 9 0 .
N orthern P a cific R y .— Sale of Stock .— See rep ort o f U nion
P acific R R . on a subsequent page.
Rumors .— See Great N orthern R y . a b o v e .— Y . 83,'p . 1099,
1109.
P en n sylva n ia R R .— Conversion of Bonds into Stock .— T he
a m ou n t o f con v ertib le 3 jd j% b o n d s o f 1912, o f w h ich $5 0 ,000,000 were listed on the P hiladelph ia S tock E xch a n g e,
has been reduced b y con version in to sto ck to N ov . 10 to $20,000,500. T he am ou n t o f stock as increased b y con version
o f b o n d s, e tc ., is n ow $ 3 0 6 ,1 4 5 ,4 5 0 .— V . 83, p . 1229, 1171.
P ort A n g eles P a cific R R .— Foreclosure Decree .— Judge
H a n ford in the F ederal Court at Seattle has ordered the fo re ­
closure sale o f this p ro p e rty , interest due A p ril 1 1905 upon
the $2,000,000 5 % bon d s secured b y m ortga ge to the K n ick ­
erbock er T rust Co. o f New Y o r k , as tru stee, b ein g in d efau lt.
C. P . Cham berlain is re ce iv e r.— V . 81, p . 778.
Q u ebec & L ak e St. Joh n R y .— Reported Purchases of Stock
by Canadian Northern Interests .— A press d ispatch from
T o ro n to says:
M ackenzie & M ann liave been for som e tim e past securing big block s o f
th e com m on stock and it is rum ored here that the Canadian N orth ern
interests and their friends now ow n a controllin g interest. M ackenzie &
M ann, having been refused b y the T ranscontinen tal R ailw ay C om m ission
the route they had surveyed to the Q uebec B ridge, will now p rob a b ly use
hoth the valuable d ock and other railw ay term inals o f the Q uebec & Lake
St. John R y . at Q u ebec and C h icon tin i.— V . 83, p. 96.

E arn in gs. — The results of operations for the 2 months
St. L aw ren ce & A d iro n d a ck R y .—■
Dividend .— A d ividen d
ending Aug. 31 1906 were:
o f 5 % has been declared on the $ 1 ,615,000 sto ck , all ow n ed
Gross earnings____________ 84,044,636
Operating expen ses________ 2,751,212
N et earnings______________ 1,293,424
O ther incom e (dividen ds,
515,830; su ndry a c c ’ ts,
5 5 6 ,6 4 5 )_______________
72,475
T ota l net in c o m e _________ 1,365,899
— V . 83, p . 964, 903.

D educt—
Interest on b o n d s _________ 5692,439
R entals an d ta x e s _________
167,342
S undry a c c o u n ts__________
41,383
B alance, su rplus__________
464,735
T o ta l surplus Ju ly 1 1 9 0 6 -.6 ,9 2 0 ,159

National RR. of M exico .— D ividends of Controlled R oad .—
See Interoceanic Railroad of Mexico above.— V. 83, p. 1091.
New Orleans & Northeastern R R .— Report.— See “ Annual
Reports” on a preceding page.
Dividend Increased. — An annual dividend of 5% has been
declared, payable Dec. 1 tojholders of record Nov. 30. This
contrasts with 3j^% last year and 3 % 'each in 1903 and 1904.
V. 82, p. 987.
New York Brooklyn & Manhattan Beach R y . — P roposed
L ea se. — This subsidiary of the Long Island R R . has called a
meeting of its shareholders for Dec. 18 to approve a lease
taken June 5 1906 of certain portions of the property of the
Canarsie R R . (Compare Y. 82, p. 1155.)—-V. 68, p. 669.
— New York New Haven & Hartford R R .— N o tes. — The
$2,000,000 two-year 5% coupon notes referred to in our
issue of Nov. 17 (page 1229) were purchased by Bond &
Goodwin of Boston and have all been resold by them. They
are not secured by deposit of collateral, mortgage or other­
wise, and have the same standing as debenture bonds so
far as the investor is concerned.— V. 83, p. 1229, 1099.
New S tock. — The New York Stock Exchange has been re­
quested to list $6,750,000 additional capital stock, making

b y the N ew Y o rk Central & H u d son R iv e r R R . , pajm ble
D ec. 31. This is the first d iv id en d since July 1903, w hen
3 % was d isb u rsed .— V . 80, p . 223.
Sao P aulo (B razil) T ra m w a y L ig h t & P o w e r C o., L t d .—
New Stock, & c .— T he shareholders v o te d N o v . 23 to in ­
crease the cap ital stock from $7,500,000 to $8,500,000 and
the num ber o f directors from 9 to 10. T he $1,000,000 new
sto ck is offered at par ($100 per share) to stock h old ers of
record D ec. 15 in am ounts equal to 13 1 -3 % o f their resp ective
h old in gs, to p rov id e fo r exten sion s and im p rovem en ts. R .
M. H orn e-P a y n e o f L o n d o n , E n g la n d , a d irector of the
Canadian N orthern R a ilw a y and o f th e R io de Janeiro C o.,
it is a n n ou n ced , w ill b e the new d ir e c to r .—>V. S3, p . 1230.
Southern R a ilw a y .—Leased Line Bonds .— See A tlan ta &
C harlotte R )u a b o v e .
Listed .— T he New Y o rk S tock E xch a n g e has listed $ 1 ,0 0 9 ,000 ad d ition al first con solida ted m ortga g e 5 % b on d s o f 1994,
m aking the to ta l listed to date $46,78 6 ,0 0 0 . T he ad d ition al
bon d s were issued on a cco u n t o f the follow in g exp en ditu res:
D ou b le tra ck , $749,289; con stru ction o f va riou s bran ches and
exten sion s, $239,423; real estate and righ t o f w a y at various
p oin ts, $160,000.
Statement of Issuance of $46,786,000 F irst Consolidated M ortgage Bonds.
Purposes o f reorganization------------------------------------------------------------ $21,911,000
C incinnati exten sion bon ds and A laba m a Great S outhern R y .
C o ., L td ., sto ck ________________________________________________
2,100,000
N ew con stru ction , new equipm ent and for th e acqu isition o f
branch lines or securities th e re o f______________________________ 15,222,000
R ed em p tion or acqu isition o f prior lien b o n d s----------------------------4.292,000
R etirem ent o f equ ipm ent trust oblig a tion s-------------- ------------------ 3,261,000
— V. S3, p . 1281, 977.

D

ec.

l 190G. ]

THE CHRONICLE.

Spokane & Inland Empire RR.— N am e.— This is the cor­
rect name o f the com p an y whose bon d s, & c., were described
last week under title o f Spokane & Inland R y .— V . 83.
p . 1291.

week that their clients had withdrawn their opposition in
view o f m odifications o f the plan. Compare V. 83, p. 1039,
971, 829.

du Pont International Powder Co.— Dividends.— The di­
Underground Electric Railways of London.— Listed in rectors on N ov. 24 declared a quarterly d ividen d of 1 )4 %

London.— The L ondon Stock E xchange has listed for this on the preferred stock , payable Jan. 2, and an extra dividend
com p an y 's subsidiary, the Great Northern P iccadilly &
B rom pton R ailw ay C o., £67,000 4 % perpetual debenture
s to c k .— V. 83, p. 214.
Vicksburg Shreveport & Pacific Ry.— Report.— See ‘ ‘ A n ­
nual R eports” on a preceding page.
Dividend Omitted on Common Stock.— F or reasons which
appear in the aforesaid annual report, the com pany will om it
the annual dividend on the com m on stock usually paid iu
N ovem ber. Last year 2 % was paid; in 1904 3 % and in 1903
2 )4 % • — V . S I, p. 1552.
Wabash RR.— Time for Deposits Extended.— N otice is
given b y advertisem ent on another page that a m a jority of
the outstanding debentures of each series ( “ A ” and 1-B ” )
have agreed to exchange the same under the terms [of the
readjustm ent plan (V . S3, p. 626, 1099), and that the time
within which further deposits will be received for exchange
b y the United States M ortgage & Trust C o., depositary,
under the plan , has been extended to and including D ec. 22
1906.
Suit.— A t St. Louis on N ovem ber 26 James P ollitz of New Y ork C ity, owner o f 8100,000 com m on stock ,
filed suit in the St. Louis Circuit Court on behalf of him ­
self and other stockholders to prevent the com pany from
carrying out the financial plan recently announced. Judge
W ithrow granted a tem porary restraining order returnable
D ec. 7 — V. S3, p . 1230, 1099.
West Chicago Street RR.— Report.— See Chicago Union
Traction Co. under “ A n n u a lR ep orts” on a preceding page.—
V . S3, p . 6S9.

INDUSTRIAL, GAS AND MISCELLANEOUS.
American Chicle Co .—Fourth Bi-monthly Extra Dividend .—
T h e d irectors on O c t. 24 d ecla red on th e co m m o n s to c k th e
usual m o n th ly d iv id e n d o f 1 % , an d an ex tra d iv id e n d o f 1 % ,
b o t h p a y a b le N o v . 20 to h old ers o f r e co rd N o v . 14. T h e
first o f th ese b i-m o n th ly e x tra d iv id e n d s , since th e s to c k w as
p la ced on a 1 2 % b a sis, w as p a id M ay 19 1906, th e secon d
o n J u ly 17 an d th e th ird on S ep t. 2 0 , ea ch b e in g 1 % .
C om ­
pare V . 8 3 , p . 4 3 7 ,1 5 2 .
American Gas & Electric Go. — Purchase.— See E lectric
C o. o f A m e rica b e lo w .
American Realty Co.— Called Bonds.— T h is c o m p a n y — a
su b sid ia ry org a n iza tio n o f th e In te rn a tio n a l P ap er C o. — has
ca lle d eigh teen (S I 8 ,0 0 0 ) m o rtg a g e b o n d s o f 1901 fo r p a y ­
m e n t on Jan . 1 1907 a t th e U n ion S afe D e p o s it & T ru st C o .,
P o r tla n d , M e .— V . 8 1 , p . 1667.

o f 1 )4 % , payable Feb. 15. B oth dividends accrue to stock
o f record D ec. 20. The announcem ent of these dividends
follow ed the declaration of dividends noted below by the
con trolled com p a n y , the International Smokeless P ow der &
Chemical C o.— V. 83, p . 438.
Electric Bond & Share Co.—Purchase.— Sec E lectric Co.
of A m erica b e lo w .— V. 82, p . 221, 163.
Electric Co. of America, Philadelphia.— Sale of Stock .—
The shareholders will vote D ec. 14 on a proposition to sell
the com p a n y ’s assets to a new com p a n y , which will p robably
be known as the A m erican Gas & Electric C o., and will be
controlled by the E lectric B ond & Share Co. o f New Y ork
(V . 82, p. 221, 163), in consideration o f 814 per share (par
o f shares, S1U) for the $4,486,645 capital stock of the E lectric
Co. of A m erica, to be paid in collateral trust bonds of the
new corporation. The “ Philadelphia News B ureau” says:
“ It is understood that the Am erican Gas & Electric Co. will
have 81,200,000 preferred and $2,500,000 com m on stock ,
and th at the preferred will be sold for cash at par, 8100 per'
share, with bonus o f 100% in com m on stock . The preferred
stock will be 6 % cum ulative. It will take abou t $6,280,000
5 % trust certificates to take up all the $4,486,645 E lectric
C om pany of A m erica s to c k .”
The official statem ent given ou t b y the E lectric Co. of
Am erica says in substance:
A t a m eeting o f the board of directors of the E lectric Co. o f Am erica held
this day a proposition from the Electric B ond & Share Co. of New Y ork
to take over the property o f the E lectric Co. o f Am erica was presented,
and it was unanim ously decided to recom m end the acceptance of the p rop o­
sition to our stockholders. T he proposition provides for the transfer of
the property to a new corporation to be organized by the Electric Bond &
Share C o., In consideration o f the issue and delivery to your com pan y of
collateral trust 5 % 100-year gold bonds o f said new corporation, which
bonds, equivalent to a value of S14 per share, are to be secured b y a pledge
of the stocks and bonds and other securities o f corporations owned by your
com pany in accordance with a collateral trust agreement to be m ade be­
tween the new corporation and the Standard Trust Co. o f New Y ork as
trustee.
The bonds will also have as security, In addition to the aforesaid p rop ­
erty conveyed b y your com p an y, the sum of 51,000,000, w hich will be paid
to the trustee under the collateral trust agreem ent, and will constitute a
fund which can be used only for certain lim ited purposes, to w it: for better­
ments and extensions to plants and properties o f subsidiary com panies
turned over to the new com pan y b y this com p an y, and to be held under
the collateral trust agreement.
T he am ount o f the bonds which the E lectric Co. of Am erica will receive
will enable Its stockholders to receive bonds bearing interest the equivalent
o f a dividend o f 7 % on the par value o f the present outstanding stock o f
the com pan y. T he managem ent o f the new corporation will consist of
men possessing electrical ability o f the highest order, and financial resources
sufficient to carry the contract into successful effect.

As to the earnings, properties owned, &c., see V. 83,
p. 321, 438. '
Federal Mining & Smelting Co.— Extra Dividend of 3)4%
on Common Stock.— This com p a n y , controlled b y the A m eri­

American Smelters’ Securities Co.— Increase in Dividend can Sm elters’ Securities C o., declared on M onday the regular
by Controlled Company.— See F ed era l M in ing & S m eltin g C o.
b e lo w .— V . 8 3 , p . 1038, 971.

quarterly dividends o f 1 M % on its preferred stock and 1 )4 %
on its com m on stock , and in addition an extra dividend of
American Soda Fountain Co.— Notice to Dissatisfied 3 3 4 % on the com m on. A ll three dividends are payable
Stockholders.— T h e sh areh old ers h a v e re ce iv e d a letter D ec. 15 to stockholders o f record on N ov. 30. The extra
u rgin g all th ose dissatisfied w ith th e results o f th e present dividend of 3 )4 % now declared com pares with extra d iv i­
m a n a g em en t to b e presen t a t th e a n n u al m e e tin g , or in lieu dends of 1 % paid in each quarter of 1905 and 2 )4 % quarterly
o f th a t to sen d th eir p ro x ie s to J oh n M a tth ew s, in d iv id u a lly , from March to Septem ber this year. The com m on stock
(C o m p a re Joh n M atth ew s In c o r p o r a te d b e lo w ).— V . 8 2 , p . receives all told this year 1 7 % , w hich will be increased to 2 0 %
in 1907 if the rate of dividend declared this week is m ain­
567.
Boston (Rubber) Belting Co .— Extra Dividend.— A regu ­ tained for the y e a r.— V. 83, p . 971, 967.

General Electric Co.— Option to Subscribe—Further Facts .—
Shareholders of record D ec. 8 are entitled to subscribe at par
for 810,861,200 new stock to the exten t o f 2 0 % of their re­
California Petroleum Refineries, Limited.— Listed in Lon­ spective holdings. Subscriptions will be payable one-half
don.— T h e L o n d o n S to ck E x c h a n g e has listed 5,0 0 0 V e n ­ on Jan. 16 1907 the other half A pril 16 1907. As soon as pos­
d o r s ’ shares o f £1 e a ch , fu lly p a id (N o s. 5,0 0 3 to 1 0 ,0 0 2 ), sible after D ec. 8 assignable warrants and circulars giving full
a n d a fu rth er issue o f 17 ,8 5 5 shares o f £ 1 e a c h , fu lly p a id inform ation as to the m ethod o f m aking subscription will
(N o s . 145,447 to 163,300 an d 1 3 1 ,3 3 3 ).
C om pare V . 8 3 , be mailed to all stockh olders.— V. 83, p. 1292.
Advance in Prices. — Owing to the increase in the prices of
p . 98.
Chattanooga (Term.) Gas Light Co.— Successor Company. iron, copper and other m aterial, the com pany has advanced
— T his c o m p a n y r e ce n tly filed articles o f in co rp o ra tio n in prices from 5 to 10 % on electrical apparatus.— V . 83, p.
T en n essee, its a u th orized ca p ita l s to c k b ein g 5 1 ,2 5 0 ,0 0 0 , to 1292, 1101.
lar q u a rterly d iv id e n d o f 2 % an d an ex tra d iv id e n d o f 2 %
h a v e b een d ecla red on th e 5 1 ,0 0 0 ,0 0 0 s to c k , p a y a b le Jan . 1
to h old ers o f re co rd D e c. 1 5 .— V . 8 1 , p . 1846.

su cce e d to th e p r o p e r ty an d fra n ch ises o f th e C h a tta n oog a
G as L ig h t C o. (ca p ita l s to c k 5 2 0 0 ,0 0 0 ) “ as soon as th e C ity
C ou n cil g ra n ts th e n ecessary p e rm is s io n .”
T h e p ro p e rty
has n o t b een taken o v e r an d n o n ew b o n d s , w e are in fo rm e d ,
h a ve y e t b een issu ed. T h e in co rp o ra to rs w ere G eorge E .
M cG ee, J. B . S izer, H . A . T h o r n to n , J. P . H osk in s and
R o b e r t P ritch a rd .

General Railway Signal Co., Rochester, N. Y .— Removal of
Office and Buffalo Plant.— The com pany has arranged to

Copper Range Consolidated Co.— Extra Dividend.— A
q u a rte rly d iv id e n d o f -SI 50 p er share (1 ) 4 % ) an d an ex tra
d iv id e n d o f 50 cen ts ( ) 4 % ) h a v e been d e cla re d , p a y a b le on
D e c. 22 to s to ck h o ld e rs o f record D e c. 3 , co m p a rin g w ith
$1 50 O c t. 1 and 81 25 each J u ly 2 an d M arch 31 la st, all
w ith o u t e x tr a s .— V . 8 3 , p . 495.

Granby Consolidated Mining, Smelting & Power Co.,
Ltd. — Change in Par Value.— The shareholders are notified

m ove its general offices and Buffalo plan t to R ochester,
where the local plant will be greatly en la rged . The Buffalo
real estate has been sold to the Century T eleph one Construc­
tion Co. of Buffalo for 8250,000. The additions at R oches­
ter are to have a floor space o f abou t 100,000 square feet;
Consolidated Gas Co., New York.— Mr. Tilford Resigns as the first new building is to be ready for occu p an cy on Feb. 15,
Trustee.— F rank T ilfo r d has resign ed fro m th e b o a r d o f tru s­ the remainder of the factory buildings on April 15, and the
office building on May 15.— V . 83, p. 40.
te e s .— V . 8 3 , p . 9 7 1 ,8 9 2 .

Distillers’ Securities Corporation.—Opposition Withdrawn.
— T h e a tto rn e y s rep resen tin g th e m in o r ity sto ck h o ld e rs
w h o o p p o s e d the fo rm a tio n o f a n ew $ 1 8 ,0 0 0 ,0 0 0 c o m p a n y
fo r the m a n u fa ctu re o f d en a tu red a lco h o l a n n o u n ce d last

b y circular over the signature o f President Langeloth to pre­
sent their stock certificates to either one of the transfer
agents, the Title Guarantee & Trust C o., 176 B roadw ay,
New Y ork , and the American Loan & Trust C o., 53 State
Street, B oston, to be exchanged on the basis o f ten shares
o f a par value o f 810 each for one share o f a par value o f
8100. It is proposed to list the new certificates on the Stock
Exchanges at New Y ork and B oston .— V. 83, p. 1095, 821.

1 .JSO
‘

THE CHRONICLE.

W G reat N orth ern P o r tla n d C em en t C o .— Foreclosure— Fur­
ther Facts.— R eferrin g to th e fo re clo su re su it w h ich w as m e n ­
tion ed last w eek , fo llo w in g th e d e fa u lt in th e in terest du e
N o v . 1 on th e $ 6 0 0 ,0 0 0 first m o rtg a g e b o n d s , an o ffic e r o f
th e c o m p a n y is q u o te d as sa y in g :
T h e c o m p a n y ’s assets ex ceed Its d eb ts b y several hu ndred th ou sa n d d o l­
lars b u t th e m a n y necessary im p ro v e m e n ts fo r Increasing th e c a p a c ity o f
th e p lan t an d m a n u fa ctu rin g ce m e n t a t th e low est p ossible c o s t, w h ich w ork
has been clone during' th e past su m m e r, lias crea ted an in d eb ted n ess w h ic h ,
at th e p resen t tim e , it is Im possible to p ro v id e fo r . T h e cred itors w h o
h a v e fu rn ished m aterial an d m erchand ise d o n o t represen t a large in d eb ted iiess, b u t som e o f the bills are p ast d u e and the c o m jia n y is n ot in a p osition
to p a y th em . T h e largest p a rt o f th e Indebtedness is d u e to bon d h old ers
and sto ck h o ld e rs, an d th is Ind ebted ness is n ot p ressin g .— V . 83 , p. 1292.

[ V O L , L T X K in .

n ess a n d e s t a b lis h m e n t o f th e fin a n c e s o f t h e c o m p a n y ort .
t h o r o u g h ly s t a b le b a s is .
T h e c o n d it i o n o f th e m o n e y m a r ­
k e t d u r in g th e p a s t s ix m o n t h s , d u r in g w h ic h c o m m e r c ia l
lo a n s h a v e b e e n v e r y d if f i c u l t t o n e g o t ia t e , h a s e m p h a s iz e d
th is n e c e s s it y .
T h e p la n a d o p t e d , w h ic h p r o v id e s n o t o n ly
f o r in c r e a s e d w o r k in g c a p it a l b u t a ls o f o r th e a c q u is it io n o f
s u c h a d d it io n a l p la n ts a n d p r o p e r t ie s as m a y b e d e s ir a b le
f r o m t im e t o t i m e , is as fo llo w s :
T h e N a t io n a l C o n s o lid a t e d W ir e & C a b le C o . h as b e e n in ­
c o r p o r a t e d u n d e r th e la w s o f M a in e (V . 8 2 , p . 7 5 5 ) w ith ar.
a u t h o r iz e d c a p it a l as fo llo w s :

First lien 50-year 5% sinking fund gold bonds, coupons payable

Mar. 1 and September 1, at office of Knickerbocker Trust Cc. .
(J. M .) G u ffe y P e tr o le u m C o ., P itts b u r g h , P a .— Reorgan­
New York. Issue limited t o ____ ______________________ $3.000,O
b'
ization Flan. — T h e p la n referred to la st w e e k calls fo r th e
To be used In taking up the present outstanding se­
curities of the National Steel & Wire Co. and of
d ep osit o f th e stock s an d in d e b te d n e ss o f th is c o m p a n y and
the controlled companies as hereinafter explained $4,000,000
th e G u lf R efin in g C o. w ith th e U n ion T r u s t C o. o f P itts ­
To provide additional working capital. _________ 1,000,000
(Making the total bonds issuable at present $0,b u rg h , as d e p o s ita ry , on o r p rio r to D e c. 1 1906.
(C om p are
000 0 0 0 . )
V . 83, p . 1293.)
Reserved for future needs__________ ____ ________ 3,000,001)
. _____________________
Im p e ria l P a p er M ills o f C anad a. - Terms of Exchange.— 5% cumulative preferred stock__ ____________________ ___ 8,806.000
8,000,000
Common stock______________
T h e reorg a n iza tion p la n re c e n tly a n n o u n ce d has n o t y e t
H o ld e r s o f e x is t in g s t o c k a n d b o n d s a r e in v it e d t o d e p o s it
c o m e to h a n d , b u t th e “ L o n d o n C anadian G a z e tte ” states th e ir h o ld in g s w ith th e K n i c k e r b o c k e r T r u s t C o ., 6 6 B r o a d ­
th a t fo r each £ 1 0 0 o f th e e x istin g b o n d s th ere w ill b e g iv e n w a y , N e w Y o r k C it y , f o r e x c h a n g e o n t h e f o llo w in g basa b :
th e fo llo w in g a m ou n ts in secu rities o f th e co n so lid a te d I m ­
P r e s e n t s e c u r itie s —
H e ld
- E a r N a t. C o n . W . < G . C o £
perial C om p a n y :
E a c h $1,000 o f
B o n d s . P r e f.S lit. O a m .S tk .
b y P u b l ic .
F o r th e p rior lien b o n d s , £131 5s in new 5 % “ A ” m o rtg a g e d eben tu re
s t o c k , Interest cu m u la tiv e , bu t p a y a b le o n ly o u t o f p rofits; fo r th e d eb en ­
tu res o f th e Im perial C o ., £121 in 6 % “ B " n o n -c u m u ia tiv e m o rtg a g e d e­
b en tu re s to ck , interest p a y a b le o n ly o u t o f profits; fo r N orth ern S u lp h ite
C o. 1st m o rtg a g e b o n d s (£ 1 0 0 ,0 0 0 o u tsta n d in g ), £ 1 2 0 in “ A ” m ortg a g e
d eben tu re sto ck o f th e c o n so lid a te d Im p eria l C o .— V . 8 3 , p . 1232.

In te rn a tio n a l S m o k e le ss P o w d e r & C h em ica l C o .— Divi­
dend.— T h e d irectors o n N o v . 24 d ecla red a regu lar q u a rte rly
'dividen d o f M o f 1 % on th e co m m o n s to c k , p a y a b le Jan . 2,
and an e x tra d iv id e n d o f ^ o f 1 % , p a y a b le F e b . 15.
B o th
d iv id en d s a ccru e t o s to c k o f re co rd D e c . 2 0 .— V . 8 3 , p . 439.
l o l a P o rtla n d C em en t C o .— Proposition to Purchase.—
P ress rep orts fr o m D e tr o it sta te th a t a s y n d ica te represen ted
b y P resid en t S h eld on H . B asset a n d S e creta ry E . H . R y a n ,
is seekin g to p u rch a se 5 1 % o f th e ca p ita l s to c k a t p a r.
T h e fo llo w in g p a rticu la rs are p u b lish e d :
T h e ca p ita l s to c k is $3 ,000 ,000 co m m o n a n d $1 ,500 ,000 p referred , p ar
v a lu e $25. D iv id e n d s o n the p referred h a v e been p a id a t 7 % per an nu m
and 4 % o n th e co m m o n .
In D e cem b er 1905 an e x tr a d iv id e n d o f 2 % on
th e c o m m o n w as p a id . T h e c o m p a n y is in co rp o ra te d u n d er th e law s o f
W e st V irgin ia , an d co n tro ls the l o la P ortla n d C em en t C o. o f N ew J ersey.
It ow n s 1,500 acres o f cem en t lan d at lo la , K an sas, w h ere it op era tes its
ex ten siv e p la n t.
It also o p era tes a p lan t a t D alla s, T e x ., an d p rop oses
t o ex p e n d a b o u t $1 ,250 ,000 in b u ild in g a 3 ,5 00-barrel a d d itio n th ereto.
(C om pare V . 7 8 , p . 1 2 7 7 .)— V . 81, p . 562.

J oh n M a tth e w s , In c o r p o r a te d , N e w Y o r k .— Status.— T his
C om p an y , w h ich is in d e p e n d e n t o f A m e rica n S od a F o u n ta in
C o. (w h ich see a b o v e ) , is d escrib ed as fo llo w s :
I n c o r p o r a te d in 1901 u n der the law s o f N ew Y o r k S ta te to m a n u fa ctu re
sod a w ater. A u th o rize d ca p ita l, $ 1 ,0 0 0 ,0 0 0 , all o f on e class, o f w h ich
$514,000 is o u tsta n d in g ; p ar o f shares, $100. F u n d e d d e b t, $300,000 5 %
g old d eb en tu res, d ated 1903 an d d u e 1928, o f w h ich $145,000 are o u tsta n d ­
ing: d e n o m in a tio n , $1,000; interest p a y a b le A p ril 1 and O ct. 1 at C o m E x ­
chan ge B an k . S inkin g fu n d , $6,000 per a n n u m .
(A t a u ctio n o n N o v . 28
$3,000 o f these d eben tu res w ere sold at 92 M -— E d .)
T h e c o m p a n y is a
con solid a tio n o f th e firm o f Joh n M atth ew s, G u nther & S tu ck e, N ation al
S od a W a te r C o. o f B r o o k ly n , J. H . E lfers, O tto R u n k , W illia m P . B y rn e
H a n b u ry S m ith a n d W illia m E . G ee. P resid en t, G eorge] M atthew s; S ec.
S . H . V ial; T rea su rer, Joh n H . M atth ew s. O ffice 333 E ast 26th S t.,
N ew Y o r k . T h e co m p a n y is n o t a “ b ra n ch ” or in a n y sense con n e cte d w ith
th e A m e rica n S od a F o u n ta in C o. o f B o sto n , N ew Y o r k an d P h ilad elp h ia.

K a n k a k ee L ig h t, H e a t < P o w e r C o .— Incorporated.—
&
T h is c o m p a n y w as r e c e n tly in c o r p o r a te d u n d er th e law s o f
M aine w ith $ 1 0 0,00 0 ca p ita l s to c k in shares o f $100 ea ch .
P resid en t an d C lerk , M . W . B a ld w in ; T reasu rer, C. E .
E a to n , b o th o f P o rtla n d , M e.
L a k e S u p erior C o r p o r a tio n .— New Director.— R . W ilso n
Sm ith o f M on treal has b e e n elected to th e b o a r d as on e o f
th e rep resen ta tiv es o f th e O n ta rio G o v e rn m e n t, to su cceed
W . H . P lu m m e r.— V . 8 3 , p . 1101, 1096.
M an h attan B ea ch H o te l & L a n d C o .— Foreclosure Sale . —
Ju stice J a y c o x in th e S u prem e C ou rt, B r o o k ly n , on N o v . 27,
in th e a ctio n b ro u g h t b y th e T itle G u aran tee & T ru st C o. as
tru stee u n d er th e m o rtg a g e secu rin g $ 1 ,5 0 0 ,0 0 0 4 % b o n d s ,
ord ered th e fore clo su re sale o f th e p r o p e r ty . T h e a m o u n t
fo u n d to b e d u e w as $ 1 ,6 2 3 ,3 7 3 . T h e ord er d irects th a t a fter
p a y m e n t o f th e a m o u n t d u e on th e b o n d s , th e p ro ce e d s b e
d iv id e d , first, a m o n g th e h o ld e rs o f th e $ 2 2 5 ,0 0 0 o f 5 % scrip
certificates rep resen tin g co u p o n s fu n d e d in 1894. T hese
certifica tes, it is u n d e r s to o d , w ere p u rch a sed at m a tu rity
b y th e M an h attan S ecu rities C o. a n d are n o w h eld b y i t .—
V . 8 3 , p . 216.
N ash u a (N . H .) M a n u fa ctu rin g C o .— Extra Dividend . —
A n e x tra d iv id e n d o f 5 % has b een d ecla red on th e $ 1 ,0 0 0 ,0 0 0
sto ck (par o f shares $500) a lon g w ith th e regu lar sem i-an nu al
d iv id en d o f 5 % , p a y a b le D e c . 1 to h o ld e rs o f re co rd N o v . 27.
In 1904 and 1905 1 0 % d iv id e n d s w ere p a id .
N a tion a l C o n so lid a te d W ire & C able Co .—
-Consolidation
Plan. — See N ation al Steel & W ire Co. b e lo w .— V . 8 3 , p . 99.
N a tion a l Steel & W ir e C o .— -NewPresident.— L e R o y C lark,
P resid en t o f th e S a fe ty In su la ted W ire & C able C o ., o n e o f
th e su b sid iary com p a n ie s, has b e e n elected P resid en t o f th e
N ation al Steel & W ire C o. to su cceed E v e r e tt B . W e b ste r ,
w h o resign ed som e tim e a g o .
Report.— See “ A n n u a l R e p o r t s ” on a p re ce d in g p a g e .
Financial Plan. — A circu la r, signed b y P resid en t Clark,
u n d er d a te o f N o v . 2 4 , sa ys: “ D u rin g th e p a st y e a r th e tre ­
m en d ou s in crease in bu sin ess o f th e c o n tro lle d co m p a n ie s
has m ad e it e v id e n t th a t som e finan cial p lan m u st b e p u t in
op eration in ord er th a t su fficie n t w o rk in g ca p ita l m a y b e
available fo r th e e co n o m ic a l h a n d lin g o f th is in creased b u si­

National Steel & Wire Co.—
x Preferred s to ck _______ _ .$ 3 ,6 3 3 ,7 0 0
x Common stock________
. 3,875,817
Safety Insul. Wire & Cable Co
Stock ($1,500,000)_____
28,500
Bonds (V. 77, p. 2162)___ . . . Z291.000
National Wire CorporationStock ($1,000,500)_____
24,425
Bonds (V. 77, p. 2394)____
37,000
National Steel Foundry Co.—
stock (V. 77, p. 2394)____
1,300
x
z

51,000

$400
100

i ,6 6 o

100
400

i ,000

l’ .ooo

10#

400

1,000

i,6 6 6

190

1,000

Or the voting trust certificates issued therefor.
Remainder of $1,250,000 Issued is owned by National Steel & Wire Co.

I n a d d it io n th e p r e s e n t s t o c k h o ld e r s o f th e N a t io n a l S te e l
& W ir e C o . a re o ffe r e d th e o p p o r t u n i t y o f s u b s c r ib in g f o r

t h e $ 1 ,0 0 0 ,0 0 0 o f a d d it io n a l b o n d s t o t h e e x t e n t o f 5 0 % o f
t h e ir p r e s e n t h o ld in g s o f p r e fe r r e d s t o c k o f th e N a t io n a l S te e l
& W ir e C o . a t 9 5 , o r s a y $ 9 5 0 f o r e a c h $ 1 ,0 0 0 b o n d , s u b ­
s c r ip t io n s t o c a r r y a b o n u s o f 2 0 % o f c o m m o n s t o c k o f th e
N a t io n a l C o n s o lid a t e d W ir e & C a b le C o .
§. -*
D e p o s it s o f s t o c k f o r e x c h a n g e m u s t b e m a d e o n o r b e fo r e
J a n . 1 1 9 0 7 .— V . 8 3 , p . 100.

National Wire Corporation.— S ee N a t io n a l S te e l fe W ire
C o. a b o v e .— V . 77, p . 2394.

New York (Bell) Telephone Co. — Stock Pledged . — S ee
W e s t e r n U n io n T e le g r a p h C o . b e l o w .— V . 8 2 , p . 1 3 7 7 .
Niles-Bement-Pond Co.— Extra Cash Dividend Available
for Paym ent in Full on New Stock. — T h e d ir e c t o r s o n N o v . 26
d e c la r e d a ca s h d iv id e n d o f 4 0 % o n th e c o m m o n s t o c k ,
p a y a b le J a n . 2 t o h o ld e r s o f r e c o r d N o v . 3 0 .
B y com m on
c o n s e n t th is d iv id e n d w ill b e a p p lie d in p a y m e n t in fu ll a t
p a r o f $ 2 ,0 0 0 ,0 0 0 o f th e $ 3 ,5 0 0 ,0 0 0 n e w c o m m o n s t o c k
a u t h o r iz e d N o v . 2 0 .
T h e d iv id e n d is p a id b y w a y o f d is t r i­
b u t io n o f a p o r t io n o f th e c o m p a n y ’ s a c c u m u la t e d s u r p lu s ,
w h ic h a m o u n t s t o $ 4 ,2 5 8 ,0 0 0 ; in a d d it io n th e P r a t t & W h i t ­
n e y C o ., w h o s e e n tir e c o m m o n s t o c k , $ 1 ,5 2 5 ,0 0 0 , is ow n ed ,
(th e o u t s t a n d in g p r e fe r r e d s t o c k b e in g $ 1 ,2 2 5 ,0 0 0 ) , h a s a n
a c c u m u la t e d s u r p lu s o f $ 1 ,0 6 3 ,0 0 0 .
T h e r e m a in in g $ 1 ,5 0 0 .000 c o m m o n s t o c k h a s a ll b e e n s u b s c r ib e d f o r b j r t h e p r e s e n t
s t o c k h o ld e r s a t p a r , p a y a b le in f o u r in s ta llm e n ts a s d e s ir e d .
A cquisition. — I n v ie w o f th e g r e a t d e m a n d f o r la rg e
m a c h in e t o o ls a r r a n g e m e n ts h a v e b e e n m a d e to p u r c h a s e
t h e p la n t o f th e R id g w a y M a c h in e T o o l C o . o f R i d g w a y , P a
— V . 83, p . 1293, 1174.

North Shore Electric Co., Evanston, & c ., 111.— E arnings .—
F o r y e a r s e n d in g S e p t . 3 0 :
Y ear—
G ro ss.
1905-06 _____ $544,242
1904-05 _____ 370,832

O p e r .E x p .

$355,936
239,156

N e t.

$188,306
131,676

I n te r e s t

$95,392
65,278

3 a l.,S u r

$92,9166,398

C a p ita liz a tio n S e p t. 3 0 1 9 0 6 : S t o c k , $ 2 ,5 0 0 ,0 0 0 ; b o n d s ,
$ 2 ,0 5 0 ,0 0 0 (n o w $ 2 ,0 7 5 ,0 0 0 ).
R u s s e ll B r e w s te r & C o ., N e w y
Y o r k a n d C h ic a g o , a re o ffe r in g a b l o c k o f th e b o n d s a t p a r
a n d in t e r e s t .— V . 8 2 , p . 9 9 0 , 5 1 3 .

Northeastern Telephone Co., Portland, M e.— Vote Re­
scinded.— A p r e s s r e p o r t fr o m P o r t la n d , N o v . 12 s a id :
The vote of a year ago, converting a part of the common stoek Into ore
ferred and exchanging for a block of outstanding bonds a prescribed
amount of the preferred stock, was rescinded at a meeting of stockholders
held this afternoon. The action has been opposed by the minority holders
of common stock, and the Maine Supreme Court granted a temporary
injunction to restrain the company form carrying the plan into effect. A
majority of the stock is held by Scranton, Pa., people.—V. 81, p. 1853.
Onondaga Lighting. — New C o. — -See S y r a c u s e L ig h t in g
C o . b e lo w .

People’s Gas & Electric C o. o f Mason City, Iow a,— In cor­
porated.— T h is c o m p a n y w a s in c o r p o r a t e d a t D o v e r , D e l . ,
on S e p t. 13 1905 t o d is t r ib u t e g a s a n d d e v e lo p g a s la n d s ;
c a p it a l, $ 8 0 0 ,0 0 0 .

The Brice Gas & Electric Co., recently operating in Mason City, had out­
standing $200,000 common stock, $100,000 preferred stock and $150 ,000bonds.
People’s Water Co., Oakland, Cal.— New Bonds A uthorzed. — T h e s h a r e h o ld e r s o f th is n e w c o m p a n y , t h r o u g h
w h ic h t h e R e a lt y S y n d ic a t e w ill p u r c h a s e a n d a m a lg a m a t e
th e C o n tr a C o s ta a n d S y n d ic a t e W a t e r C o m p a n ie s , o n N o v .
15 u n a n im o u s ly a u th o r iz e d a m o r t g a g e t o se c u r e $ 2 0 ,0 0 0 ,0 0 0
3 0 -y e a r 5 % b o n d s d a t e d J a n . 2 1 9 0 7 .
C om p are V . 8 3 , p
8 9 5 ,1 0 4 0 .

For other Investuneat News see page 1360,

THE CHRONICLE

D ia< . 1 ly o o . |

! 351

Reports and JJacumcuts.
UNION PACIFIC RAILROAD COMPANY
N IN T H A N N U A L R E P O R T — F O R T H E Y E A R E N D E D J U N E 30 1 90 6.
N e w Y o r k , October 26 1906.
T o !iit Stockholders of the U n io n P a c ific R ailroad C o m p a n y :

The Board of Directors submit herewith their report of the operations and affairs of the Union Pacific Railroad and
its Auxiliary Companies for the fiscal year ended June 30 1906.
The combined operations and affairs of the Union Pacific Railroad Company, the Oregon Short Line Railroad Company
and The Oregon Railroad & NavigationCom pany are herein designated for convenience b y the term “ Union Pacific Railroad
and Auxiliary .C om panies.”
P R O P E R T IE S A N D M IL E A G E .

The Union Pacific Railroad and Auxiliary Companies owned or controiled by ownership of stock or by lease on June 30
1906 the following miles of railway and water lines:
M a in
T ra c k .

C o m p a n ie s .
ITNION P A C IF IC R A I L R O A D C O .:
M ileage o f lines ow n ed ___________ __________ _____ __
Mileage of lines leased,
________
.
_ ___
O R E G O N S H O R T L I N E R A I L R O A D C O .:

___
___

_

___
_

. ________________________
________ ______
.

______
__________ _ 0 3 ,1 2 7 82 163 .1 6 1 ,0 7 0 .7 1
. _______________
6.03
1 ,1 4 9 .3 8

Mileage o f lines of which the entire capital stock is ow ned b y the Oregon Short Line R R . C o ., and which are operated
as a part of its lines_______ _____
_ _______
_________
_
_ _ ______ ____________
_________
Mileage o f lines leased___ _ .
_
________ __
______ _______ ____________ . .
_
_ _
_______
O R E G O N R A I L R O A D & N A V I G A T I O N C O .:
Mileage o f lines ow n ed _______
, ,
___
. . . . ______ ______
__
.
______ . . .
____
Mileage o f lines leased _ _
_____
_______ _____
. . .
______
____
_
_
___ ______ ________
___ _
Total mileage June 30 1906
_
T otal m ileage June 30 1 9 0 5 - _______ __
_______
In crease.

________

_

_

_______

_

__
__________ _____ ____
____ ___________
_ . ___ _
___ ____
__
__
________ __________________________________________
___

_

__

___________

S econ d
W ater
T rack. S id in g s. L in e s .

._

______ '_________

4 .6 3

241.01
2.41

336 .5 3
6 4.45
3 7 3 .8 9 2 5 8 .0 0
3 2 .2 3

1 ,0 7 5 .2 8
6 8.39

5 ,6 6 4 .2 9 167.79 1.683.84 2 5 8 .0 0
5 ,5 8 8 .1 0 1 05.27 1 ,5 6 1 .9 6 2 5 8 .0 0
7 6 .1 9

6 2 .5 2

121.88

a Includes mileage of Leavenworth Kansas & Western R y. C o., 1(55.33 miles of main track and 11.43 miles of sidings.
The entire capital stock o f
tnis com pany is owned by the Union Pacific R R . C o., but it is operated by its own organization; its earnings and expenses, other than advances made
for Its operation, are not included in the statement of earnings and expenses o f the Union Pacilic R R . Co. and auxiliary com panies.

The details of the mileage of the railroad and the water lines are shown in Table No. 1 of the Comptroller’s report.
The changes in the operated mileage since the last report are as follows:
U n ion P a c ific R a ilroad : Re-measurements and changes in line reduced the length of main track .32 mile.
The second
track, between Kansas City and Topeka, Kansas, a distance of 67.36 miles, was completed in June 1906. In the length
of sidings there was a net increase of 50.12 miles.
Oregon Short L in e R ailroad:
The length of main track was increased 1.02 miles by the construction of a connection
with the San Pedro Los Angeles & Salt Lake Railroad at Salt Lake City, Utah.
In the length of sidings there was a net
Increase o f 34.48 miles on the line of the Oregon Short Line Railroad and of 26.94 miles on the lines of the Proprietary Com­
panies.
M in id o k a & Southwestern R a ilroad :
The projected route of this Company is from Minidoka, Idaho, across Snake River
to a point on Salmon River, a distance of about 85 miles. The line from Minidoka to Twin Falls, Idaho, 59.09 miles in
length, was opened for traffic September 10 1905.
Y ellow ston e P a rk R a ilroa d :
The projected route of this Company is from St. A nthony, Idaho, to the boundary of
Yellowstone Park, a distance of about 70 miles. The line from St. Anthony to Marysville, Idaho, 16.40 miles in length,
was opened for traffic June 15 1906.
Oregon R ailroad & N a vig a tio n C o m p a n y :
In the length of sidings there was a net increase of 8.22 miles.
K'"l
The average number of miles of railroad operated for the jrear, for which the accompanying statements of earnings
and expenses are subm itted, was 5 ,4 0 3 .5 5 miles.
IN C O M E F O R T H E Y E A R .
The gross receipts and disubrsements of the Union Pacific Railroad and Auxiliary Companies, after excluding all off­
setting accounts between them , were as follows:
Average miles of rail lines operated during the year-----------------------------------------------------------------------------------------------------------------------------------

5,403.55

T R A N S P O R T A T IO N O PERATIO N S.

Gross transportation receipts (Table N o. 2 4 )--------------------------------- ------------------ --------------------------------------------------------------------------------------------Operating expenses. Including charge of $2,206,010 39, reserve fund for maintenance, renewals, etc. (Table N o. 2 4 )____$35 261,170 84
T a x e s __________________________________ ____________________________ _____ _______________________ - ________ _______________
1,702,602 32
----------------------Receipts over operating expenses and taxes__________________________________________ _______________________________________________

367,281,542 60
36,063,773 16
$30,317,769 44

F ix ed Charges.

interest on funded debt outstanding In the hands of the Public (Table N o. 13)-------------------------------------------------------------------- $8,850,478 05
Interest on Oregon Short Line R R . Co. Income A and Incom e B bonds outstanding In the hands of the public (Table N o. 13)
20,420 00
SlDking fund requirements, Utah & Northern R y . C o., consolidated m ortgage---------------------------------------------------------------12,013 33
-----------------------

8,882.911 38

Surplus after payment of fixed charges------------------------------------------ ---------- --------------------------------------------- ------------------------- ------------------

$21,434,858 06

Application of Surplus.
Dividends on stocks of the Union Pacific R R . Co.:
Two percent on preferred stock, paid April 1 1906__________________________________________________________
$1,990,882 00
Tw o percen t on preferred stock, payable October 1 1906 __________ __________________ ______________ _____________________
1,990,882 00
Three percen t on common stock, paid April 1 1906 _______________________________________________________________________ 5,776,497 00
Three percent on common stock, payable October 1 1906 -----------------------------5,864,337 00
Dividends on stocks of the Oregon Railroad & Navigation Co. In hands o f the public:
Tw o per oent on preferred stock, paid January 1 1906 ___________________ ________ __________ ________________ ___________
134 0 0
Twe per cent on preferred stock, payable July 1 1906 ......... ...............- ..........................- ______________________________________
134 00
Surplus after payment of dividends

15,622.866 00
$5,811,992 06

IN C O M E OTHER T H A N F R O M T R A N S PO R T A T IO N O PERATIO N S.

i merest on bonds owned of companies other than Oregon Short Line and Oregon Railroad & Navigation Co. (Table No. 14)
Dividend on stocks owned of companies other than Oregon Short Line and Oregon Railroad & Navigation C o., Including
dividend o f $2,250,000 on common capital stock o f Southern Pacific C o., payable October 1 1906 (Table N o. 14 )____
Rentals from steamships and other Income_ _____________________ _____- ______________ ______________ ___________________
_
P.alance of Interest on loans and on open accounts other than with auxiliary com panies____________ ___________ ________

$297,910 67
7,237,916 67
506.170 24
2,287,809 02

Total receipts_______ _______________________________________ __________ _________________________________ _____ _________ $10.329,815 60
Deduction— For dividend o f 2% on com m on stock of Union Pacific R R . C o., payable O ctober 1 1906_______ __________
3,909.558 00
Surplus.......................................................................... ............................................................ 1.................................................................... $6,420,257 60
----------------------Total surplus from transportation operations and other Income_____ ________________ __________ ________________________________ _
A ppiled as follows—
_
$2,700,000 oo
Appropriated for betterments and additions made during the y e a r .. _
\pproprlated for betterments and additions o f branch lines_______________________________________
500,000 00
Appropriated for new equ ip m en t............................................
1,000,000 00
V et surplus— this year
Ne> surplus— last year.

6,420,257 60
$12,232,249 06

4 ,200,000 00

$8,032,240 66
$7,219,281 34

1 3 52

THE CHRONICLE

[V O L . L X X X I1I.

The results of the yea r’s operations com pared w ith those of the preceding year are as follow s:
Increase.

Decrease.

Per cent.

46.01

.86

Gross transportation receipts---------------------------------------------------------------------------------------------------------------------------------------- 57,956,593 94
Operating expenses------ ------------------------------------------------------------------------------------------------------------------------------------------------ 4,890,468 80
210,589 93
Receipts over operating expenses anti tax es----------------- - -------------------------------------------------------------------------------------- 2,855,535 21
Incom e other than from transportation operations................ ......................- ------------------- --------------------------------------3,081,263 04
T otal surphis________________________________________________________________________________________________________ 5,936,798 25
F ixed charges_______________________ _______ ________ ________________________________ _______ _________________________
Surplus over fixed charges----------------------------------------------------------------------------------------------------------------------------------------- 8,227,373 67

—
—

-------- -----------52,290,575 42

1341
16.10
14.11
10.40
42.51
17.10
20.50
34.96

The details o f the transportation receipts and operating expenses are fully dealt with under “ Transportation O perations.”
There is included in incom e other than from transportation operations the semi-annual dividend of tw o and one-half
dollars ($2 50) per share, payable O ctober 1 1906, on the com m on capital stock o f the Southern Pacific C om pany, w hich,
on the holdings of the Oregon Short Line R ailroad C om pany, am ounted to $2,250,000. The remaining increase resulted
entirely from an increase o f $1,710,209 29 in interest on loans and on open accounts other than with the A uxiliary Companies.
The decrease of $2,290,575 42 in fixed charges resulted largely from the conversion of $30,605,000, face value, Union
Pacific R ailroad C om pany First Lien C onvertible Four Per Cent Bonds into an equal am ount o f Union Pacific R ailroad
Com pany Com m on Stock and from the retirem ent of the remaining Oregon Short Line R,ailroad C om pany Four Per Cent
and Participating B onds. Paym ent for dividends on stocks increased $8,445,363 50; this increase resulted from the con ­
version of the above-m entioned convertible bonds into stock and from an increase in the rate of dividends on the com m on
stock of the Union Pacific R ailroad C om pany.
There was received during the year from the Trustee o f the U nion Pacific R ailroad C om pany’s First R,ailroad and
Land Grant Mortgage $1,240,000, w hich, under the provisions of the m ortgage, was applied to the paym ent for better­
m ents, im provem ents, equ ipm en t, e tc ., n ot otherwise paid for.
There was received from the Trustee up to June 30 1906
on this accou nt $5,992,036 56, w hich was likewise applied.
The details of the fixed charges for the year are shown in Table No. 13, and o f the interest and dividends collected on
bonds and stocks ow ned in T able N o. 14.
C A P IT A L STO C K .
Stocks of the U nion Pacific R ailroad and A uxiliary Companies outstanding in the hands of the Public at the beginning
o f the year', v iz.:
C om m on sto ck ___________________________________________________________________ __________ ___________________ _______________ 5164,872,110 00
Preferred s t o c k ------------------- --------- ---------------------------------------------- ---------------------------------------------------------------------------------------------- 99,569,134 00
------------------------- 5264,441,244 00

Issued during the year:
Union Pacific R R . Co. com m on stock exchanged for an equal am ount of Union Pacific R R . Co. first lien convertible 4 %
bonds retired_______________________________________________________________________________________________________________ 530,605,000 00
Union Pacific R R . Co. preferred stock exchanged for an equal am ount o f Oregon Railroad & Navigation Co. preferred stock
2,200 00
----------------------- --

30,607,200 00

5295,048,444 00

Deduction— for the follow ing stocks acquired bu t included in statem ent of stocks owmed b y
U nion Pacific R ailroad and A uxiliary Com panies, v iz.:
Union Pacific R R . Co. preferred sto ck _____________________ _________________________________________________________________
Oregon R ailroad & N avigation Co. com m on sto ck __________________________________________________________________________
Oregon Railroad|& N avigation Co. preferred s t o c k ---------------------------. ---------------- ---------- ___________________________________

517,000 00
10 00

2,354 00
19,364 00

A m ou nt of stocks outstanding in the hands of the Public June 30 1906, viz.:
Com m on sto ck ________________ .,_______________________________________________________________________________________________5195,477,100 00
Preferred s t o c k _______________________________________________________________________________________________________________
99,551.980 00
------------------------- 5295,029,080 00
Increase during the year.

530,587,836 00

The total am ount of stocks issued and outstanding, and the am ount owned b y the Union Pacific R ailroad and A uxiliary
Companies are shown in detail in Table N o. 7.
FUNDED DEBT.
Bonds o f the U nion Pacific R R . and auxiliary com panies outstanding in the hands o f the public at the beginning o f the year_________ 5229,945,000 00

Sold du rin g the year:
Oregon Short Line R R . Co. 4 % refunding 25-year gold bon d s_____________________ __________________________________________________________

2,750,000 00
5232,695,000 00

Deduction— for bonds retired b y exchange, b y redem ption, and^by cash deposited with
Trustee for bon ds satisfied of m ortgage:
Union Pacific R R . Co. first lien convertible 4 % bonds exchanged for an equal am ount o f Union Pacific R R . Co. com m on
sto ck ___________________________________________________________________________________________- _____________________________ 530 605,000 00
Oregon Short Line R R . Co. 4 % and participating 25-year gold bon ds, v iz.:
R edeem ed under call o f February 1 1905----------------------------------------------------------------------------------------------------------5531,000 00
9,000 00
Cash deposited with E quitable Trust Co. o f New Y o rk , trustee, for redem ption of bonds not presented---------------------- 540,000 00
Oregon Short Line R R . Co. incom e “ A ” bonds acquired bu t included in statem ent of bonds owned by the U nion Pacific
R R . and auxiliary com panies______ _________________________________________________________________________________________
15,000 00
Oregon Railw ay & Navigation Co. first m ortgage 5 % bonds. Cash deposited with Farmers’ L oan & Trust C o., trustee,
for redem ption o f bonds matured but not presented-------------------------------------------------- -------------------------- --------------------------3,000 00
--------=
--------------A m ount of bonds outstanding in the hands of the public June 30 1906
Decrease during year

31,163,000 00

5201,532,000 00
528,413,000 00

The reduction in the issue o f First Lien Convertible B onds of the Union Pacific R ailroad C om pany b y their conversion
into com m on stock entitled the Com pany to withdraw capital stock of the Oregon Short Line R ailroad Com pany to the
am ount of $21,000,000, par value, w hich was added to the com p a n y ’s free assets. All bu t $550,000, face value, of these
bon ds have been con verted into com m on stock , and the outstanding bonds have been called for redem ption on N ovem ber 1
1906. U pon satisfaction o f this m ortgage there will be released from the lien thereof abou t 858 miles of railw ay, which
will then be a free asset o f the Com pany.
The total am ount o f bon d s issued and outstanding, and the am ount owned b y U nion Pacific R ailroad and A uxiliary
Com panies are shown in Table N o. 7.
A SSE TS A N D L IA B IL IT IE S .
The assets and liabilities o f the U nion Pacific R ailroad and Auxiliary Companies are shown in detail in Table N o. 5.
The value of the lands belonging to the U nion Pacific R ailroad Com pany and remaining unsold at the close of the fiscal
year is n ot included in such statem ent o f assets. The securities o f the A uxiliary Companies ow ned, as well as all offsetting
accounts betw een the com panies, are elim inated, thus dealing only with the securities in the hands of the public.
In exchange for 100,000 shares o f the stock o f the Northern Securities C om pany there were received 29,868.3 shares
o f the preferred stock of the Great Northern R ailw ay C o., 38,877.3 shares of the com m on stock o f the Northern Pacific
R ailw ay Co. and 1,000 shares of Northern Securities C om pany stubs. Under the subscription rights given to the stock ­
holders of the Great N orthern R ailw ay C o., the Oregon Short Line R ailroad Co. acquired 37,444 shares of the preferred
stock o f said C om pany. There were sold during the year stock of the Northern Securities Com pany to the am ount of
$2,850,000 par value; preferred stock of the Great Northern R ailw ay Co. to the am ount o f $9,960,089 49 par value; com m on
stock of the Northern Pacific R ailw ay Co. to the am ount o f $14,830,082 15 par valu e, and stubs o f the Northern Securities
Com pany to the am ount of $18 71 par value. The am ounts realized from the sale of these stocks wrere credited against
the cost of the stocks ow ned; the proceeds therefrom were used in the construction and acquisition o f new lines, and in the
purchase of equipm ent and other property; also in an increase in cash assets, w hich, since the close of the fiscal yea t,
has been applied to the construction of newr lines and to the acquisition of other prop erty. The current and other free assers
increased $71,354,759 20 over the preceding year.

D

eo.

1 1 9 0 0 .]

T he stock s
th e close of last
sto ck s, th e fa ce
are su m m arized

1353

THE CHRONICLE.

and b o n d s ow n ed stan d ch arged at the close o f the y ea r w ith $96,781,806 06, against $159,275,326 24 at
y ea r, a decrease o f $62,493,520 IS, m a in ly the result o f th e a b o v e -m e n tio n e d sales. T he par value o f the
value o f th e b on d s o w n ed , the a m ou n t th ereof p led g ed or u n p led ged, and the changes during the y ea r,
as follow s:
Total Owned.
1

J u n e 30 1906.
S tock s o f the A u x ilia ry C o m p a n ie s-.......................
S tocks o f other C om panies- -------------------------------

+ Increase.
— Decrease.

+ $19,364 00
$62,672,120 00
108,701,000 00 ' — 23,571,790 35

Unpledged.

Pledged.
June 30 1906.

+ Increase.
— Decrease.

$31,846,100 00 - $16,153,000 00
---- 1,045,244 80
110,209,400 00

June 30 1900

+ Increase.
— Decrease.

$27,826,020 00 H-$1G, 173,264 00
58,401,600 00 — 19,520,545 55

T ota l s t o c k s _____________________________________ $231,433,120 00 — $23,552,426 35 $145,1 15,500 00 — $20,199,144 80

$86,287,620 00

- $3,353,281 55

$2,564,000 00
12,829,000 00

+ $2,564,000 00

$74 ,587,000 00
6,020,200 00

— $5,299,800 00
+ 11 ,500 00

$15,393,000 00

+ $2,564,000 00

$80,607,200 00

— $5,288,300 00

$17 ,035.1 1 1 Mi $160,894,820 00

$8,0 1) .581 55

B onds o f th e A u xiliary C om p an ies----------------Bonds o f other C o m p a n ie s --................... ..................

$77,151,000 00
18.849,200 00

$ 2 ,7 3 5 ,8 0 .......
+ 11,500 00

T ota l b o n d s ..........- --------- -------------------- ---------------

$96,000,200 00

— $2,724,300 00

T ota l stocks an d b o n d s------------------------------------ $327,433,320 00 — $20,276,726 35 $160,538,500 00

'A f t e r allow in g $3,025,440 fo r excess o f the par value o f N orth ern S ecurities stock surrendered ov er the p ar value of-th e stock s received In exchan ge.

T he details o f the stock s and bon d s ow n e d , pled ged an d u n p led ged, are show n in T ables N os. 7 , 8 and 9, and a state­
m en t o f receipts and disbursem ents fro m all sources in T able N o. 6.
LAND DEPARTM EN T.
U nder the provision s o f th e U nion P acific R a ilroa d C om p a n y 's First R a ilroa d an d L and G rant M ortgage, the n et
p roceed s from the sale o f lands b elon gin g to the U nion P acific R a ilroa d C om p a n y , after p a y m e n t o f expenses and taxes
appertain ing th ereto, and also all sum s o f m on ey received on a ccou n t o f interest or p rin cip al o f the b o n d s and fo r d ividen d s
u p on the stock o f the U nion Pacific L a n d C om p a n y , are set apart and held b y the Trustee as a Cash Im p rov em en t and
E qu ip m en t F un d to reim burse the R a ilro a d C om p a n y fo r an y expen ditu res fo r b etterm en ts, im p rovem en ts, equ ipm en t
or for oth er p roperties n ot p a id for ou t o f oth er fu n d s or charged to op eratin g expenses or co st o f m aintenan ce. T he am ou n t
received from the Trustee during the y ea r and thus app lied was $1,240,000.
The tran sactions in respect o f the a b ov e-m en tion ed lands fo r the year were as follow s:
N u m ber o f acres so ld _______________________________________________________________________________________________________________________________ 1,239,750 62
T o ta l am ount o f sales (cash and prin cipal o f deferred paym ents) after dedu cting e x p e n se s----------- ------------------------------------§3,048.840 43
Interest o n deferred paym en ts an d other co llection s______________________________________________________________________________
486,110 20
— ----------------------- $3,534,950 63
A verage price received per a cre _______________________________________________________________________________________________________________________
272
N um ber o f acres o f land rem aining unsold June 30 1906___________________
2,766,845 J8
E stim ated value o f lands and tow n
lots rem aining unsold June 30 1906______________________
$1,555,746 05
L a n d co n tra cts outstanding June 30 1906________________________________________________________________________________________________________ 8,440,691 76

The details o f the y ea r's tran sactions and the a ccou n t w ith the Trustee in respect o f said fu n d s are show n in T ables
N os. 15, 16, 17 and IS.
C A P IT A L E X P E N D I T U R E S .
T he charges to capital a ccou n t oth er th an fo r b on d s and stock s in com pan ies oth er than the U nion P acific R a ilroa d and
A u xilia ry Com panies were as follow s:
E xp en d itu res fo r a ccou n t o f exten sion s, v iz .:
O regon Short Line R ailroad C om pan y— S u rv ey s__________________________________________________________________________________
O regon R ailroad & N avigation C om pan y— E xten sions o f Elgin B ranch, and S t. Johns B ran ch ________________________________

$27,139 26
479,764 30
$500,903 56

E xpen d itu res fo r B etterm en ts and A d d ition s (T able N o. 2 2 ), v iz .:
F or b a lla s tin g ___________________________________________ _________ - __________________________________________________________________
$198,530 73
524,448 63
F or bridges, v ia d u cts, an d cu lv erts_________________________________________________________________________________________________
F or shops, buildings, an d y a rd s_____________________________________________ _______________________________________________________ 1,448,023 20

For real e sta te _______________________________________________________________________________________________________________

F or
F or
F or
F or
F or
F or

494,980 29

fencing, telegraph lines, shop m ach in ery, an d other m inor expen ses______________________________________________________ 107,455 44
additional side and passing tra ck s_____________________________________________________________________________________________
734,975
second m ain tra ck ________________________________________________________________________________________ - ______________________ 1,441,014
changes in line, redu cin g grades, w idening em ban k m en t, and tunnel im provem en ts----------------------------------------------------------422,073
interlockin g an d b lo ck s ig n a ls _________________________________________________________________________________________________
350,957
additional host o f equ ipm ent ad d ed during preceding fiscal y e a r ------------------------- --------------------------------------------- --------- --------15,179

62
10
62
24
94
5,737.638 81

A dju stm en t in am ou n t d edu cted from cost o f railw ays, equ ipm en t, and appurtenances on a ccou n t o f difference betw een
i.- fa ce value o f stock s and bon ds o f au xiliary com panies and the price at w h ich th ey were taken o v e r ---------------------------------

13,586 94

-•
.
$6,258,129 31
¥■ Deductions—
A p prop riation from In com e A cco u n t fo r betterm ents an d additions m ade during the y e a r----------------------- --------- ------------------ $2,700,000 00
A m ou n t received from T rustee o f U nion P acific R ailroad C om pan y First M ortgage F ou r Per Cent B onds in p a y m en t o f e x ­
penditures fo r betterm ents, im prov em en ts, equ ipm en t, e t c ., not otherwise p rov id ed f o r ------------------------- ---------------- ------------- 1,240.000 00
P roceeds from sale o f p ro p e rty app lied under provision s o f m ortgage for p ay m en t o f betterm ents an d im p rov em en ts____
174,143 61
Cost o f surveys w ritten o ff______________ - ___________________________________________________________________________________________
55,783 77
C ollection o f old claim s acqu ired in re org a n iza tion ____________________________________________________________ ___________ _______
7,328 81
------------------— 4,177,256 19
N et expenditures for cap ital a c c o u n t___________________________________________________________________________________________________________ $2,080,873 12

In ad d ition to the a b o v e capital expen ditu res, there was a d van ced during th e year fo r a cco u n t o f th e con stru ction
and a cqu isition o f new lines, and fo r equ ip m en t and oth er p ro p e rty , the sum o f $17,541,755 88. T he to ta l expen ditu res
fo r these accou n ts at the close o f the y ea r a m ou n ted to $51,172,090 42; this sum is represented in p a y m en ts o f $17,300,000 00
m ade for a ccou n t o f the San P edro L os A ngeles & Salt Lake R R . C o., in the purchase o f im p orta n t term in al properties,
in ab ou t 488 m iles of com p leted m ain tra ck , 108 lo co m o tiv e s, 24 passenger train cars, 3,410 freight train cars and in the
steam ships “ M ongolia” and “ M an chu ria.”
These steam ships are chartered to th e P acific Mail Steam ship C om pany.
B E T T E R M E N T S A N D A D D I T IO N S .
The details of the expenditures fo r b etterm en ts and additions are show n in T able N o. 22, and the ch aracter o f the
p rin cip al betterm en ts to the roa d w a y , e tc ., in T able N o. 23.
On the Union Pacific R a ilroa d th e installation o f electric b lo ck signals betw een C ouncil B luffs and O gd en , and betw een
K ansas City and T op ek a , the distance aggregating a b ou t 1,070 m iles, is progressing and will p ro b a b ly b e com p leted a b ou t
January 1907. In terlockin g crossing plants are in process o f erection at C olum bus, Central City and Blue Springs, w hich
will g ive additional safety and d ispatch to the m ov em en t o f trains. A t O m aha exten sive a ddition s to the present shop
facilities are progressing. T hey will cost a b o u t $820,000, an d, w hen com p leted , w ill b e o f m aterial assistance in m aking
repairs w ith greater prom ptness and e co n o m y .
It was fou n d advisable to rebuild the rollin g mill at Laram ie for the m an u ­
factu re o f bar iron , bridge and track m aterial, rail fastenings, tie plates, e tc ., in order to utilize ad van tageou sly the scrap
m aterial accu m u latin g on the C om p a n y ’ s lines. T he secon d main track betw een K ansas C ity and T op ek a , 67.36 miles in
len gth , was com p leted and opened fo r tra ffic in June 1906; a b ou t 88 miles o f ad d ition al secon d m ain track are in course of
con stru ction at variou s poin ts. A reservoir o f a b o u t one m illion gallons ca p a city was bu ilt a t Laram ie.
On the Oregon Short Line R a ilroa d im p orta n t a d d ition s, estim ated to cost $625,000, are b ein g m ade to the yard s at
Salt Lake C ity. A t P ocatello there are in course o f erection a new car-repair sh op , an o ffice b u ildin g, coal and scrap bins,
e t c ., estim ated to co st $84,700; and a reservoir o f ab ou t tw o m illion gallons ca p a city , a pip e line a b o u t 26,864 feet in len gth ,
and requisite pum pin g m ach in ery, estim ated to cost $110,750, are a b o u t com p leted . A secon d m ain track is in course of
con stru ction from the south into O gden , a distance o f 2.90 m iles, estim ated to cost $231,500.
On the Oregon R ailroad & N avigation C om p an y's lines electric b lo ck signals were installed betw een E ast P ortlan d
and T rou td ale, Pendleton and La G range, and D urkee and H u n tin gton , the distance aggregating a b ou t 110 m iles. Fuel
oil storage and delivery tanks o f steel were erected at A lb in a , Dalles and U m atilla, and are in course o f erection at A rlin g ton ,
H eppn er and St. Johns, Oregon. T h ey w ill have an aggregate ca p a city o f 3,502,500 gallons and are estim ated to cost
$110,515 36. A creosotin g plan t was ad d ed to the bu rnettizing plan t at W y e th , O regon, increasing the ca p acity o f the plant
to a b ou t tw o m illion ties per annum . T he a d d ition s to the shop facilities at A lbin a (som e o f which were com p leted and others
are approachin g com p letion ) will consist o f an ad d ition to the engine house o f 22 stalls, a m achine sh op 163 ft. x 340 ft .,
store house 80 ft . x 200 ft. and a paint and car repairing shop 80 ft. x 540 ft ., all of b rick . These buildings, when com ­
p leted , will be equ ipped with m achinery and appliances o f the best design, which will enable the com p a n y to m ake repairs
m ore p rom p tly and w ith greater e co n o m y . A pu m p in g station was bu ilt and oth er im provem ents were m ade to existing
w arehouses and oth er buildings situated on this p rop erty . T w o tunnels o f an aggregate length o f 817 feet were enlarged
to stan dard size. J

1354

THE CHRONICLE

| V O L . L X X X III

The following changes in line were completed, or are in course of construction, viz.:
N ew L in e .

M a x im u m Grade
F e et P e r M ile .

S a vin g
in
C u rva tu re
D eg rees.

L o c a tio n .
M ile s
C on­
structed.

D ista n ce
S aved.
M ile s .

1.10
14.75
------

.01
.12
07

34

.28

.01

D a te O pened
fo r B u sin ess.

Union Pacific Railroad Com pany—
East of E v a n s to n _____ _ _ ------------------ ------- ---------- --------Kansas City to Topeka _ .
_____
_
_ _ ______
Point o f Rocks to R ock Springs ______ ______ _________
Oregon Railroad & Navigation Co—
Mica, W ashington_____ _______
- - ------- -----_

Old L in e.

N ew L in e.

2

84.5
79.0
53.0

43.0
19.0
43.0

August 11 1905.
May
11 1906.

38

89.8

89.8

December

1905.

EQUIPMENT.
The changes in the equipment during the year were as follows:
S o ld , D estroyed
or C on d em n ed ,
and C redited to
R ep lacem en t
Fund.

L o c o m o tiv e s _
_
_ _
____
_ _ . _
........... _
Baggage cars _ . . .
____
...
Baggage and mail cars- _ _________
_
_____
__
_ ___ ._
Baggage and passenger cars
____
____
.
_____
__
_____
Business cars
______
_
_
. . .
_ _ _ _
____
Dining c a r s ___
__
___ _
_
_ _
_
_ __
_
_ .
M o to r c a r s ___
------ - - - - .
___
_____
. - _
Observation cars —
...
.
_ ___ ___ .
_
_
____
Passenger cars _
____
_ _
_
_____
_
_
___
Postal cars.
_ —
—
______
_ __ _
_
_
______
_
B ox cars,
__ «
Caboose cars __ ______
- ___ ____
_____
Flat c a r s . . _
_
___
____
_ __
__
_ _ __
Furniture cars_ __
_
__
___
__
___
Gondola cars_
_________ _______
_ __
Gondola cars (drop bottom ) _
_ __________
_____
Gondola cars (hopper bottom ) __________ ___________________
Refrigerator cars .
_ _ _ _
_ _ _ _ _
Stock cars _ ________
___ _
_
_ _ _
___ _____
R oad service c a r s _____

__

_ __
_

_
Am ount credited or charged_

____ __

_ __ ____

C a p ita l
A cc o u n t.

Total.

73
6

4

74

fi

4

—

1

1

1

F r e e A ss ets.

'

1

2

*1

5

7
1
3

_____________

2

2

110

__
___

234
8
45
51
384
3
2
45
92

1

1

____

154

60

60

__
_____
_____

__

_ ________________

R ep la cem en t
Fund.

28
1

__

_ _ _ _

A d d ed and Charged to

__

____ __

1,390

350

300

---------------------------------

1,500

350

_

24
300

24
-----

$522,278 95

$318,261 56

$2,500 00 $3,401,120 76 $3,721,882 32

*Credit.

The locomotives added during the year averaged 97.23 tons total weight of engine without tender and 81.96 tons upon
drivers. The freight cars added during the year averaged 50 tons capacity.
The locomotives and cars owned and their capacity at the close of the year were as follows:
L a st Y ea r.

T h is Y ea r.

Locom otives, standard gauge ...___________________ __________
“
narrow gauge_________- ______________________

D ecrea se.

In crea se.

P e r C ent.

834
1

46

5.52

881

835

46

5.51

68,005
77.28
55,251
62.78

61,848
74.16
49,932
59.87

6,157
3.12
5.319
2.91

9.96
4.21
10.65
4.86

Passenger train cars, standard gauge
“
“
“
narrow gauge .

579
1

559
1

20

3.58

f* Total

580

*560

20

3.57

23,629

*22,404

1,225

5.4'

8

8

23,637

*22,412

1.225

5.47

T otal

880
1

____________________________________ __________ _

Total weight, excluding tender— standard gauge (tons)____
Average total weight, excluding tenders (tons)____________
Total weight on drivers— standard gauge locom otives (tons)
Average total weight on drivers (ton s)____________________

Freight train cars. standard gauge
“
“
narrow gauge _
Total -------------------________________ _ _

32.16

Average capacity of standard gauge cars (tons)
».

..

.

:

-------- ■ .

■

................

■

■

-

-

29.94

2. 22

7.41

.......

Road service cars_______________________________

2,454

”732

*2,462

* Change in last year’s figures due to classification adjustment.?

The equipment ovuied
the respective companies is shown in Table Noe 21.
pacity and the service of all equipment are shown in Tables Nos. 27, 28 and 29.

The changes during the year, the ca­

TRANSPORTATION OPERATIONS.
The results of the year's transportation operations compared wdth those of the preceding year are as follows:
Y e a r E n ded
J u n e 30 1906.

Average miles o f rail lines operated_______________

5,403.55

Y ea r E n ded
J u n e 30 1905.

5,357.54

|
In crea se.

P e r C en t.

D ecrea se.

.86

46.01

R eceip ts —
Passenger, including extra b a g g a g e ________________
Mail and express------------------------------------------------------F re ig h t_________________----------------------------------------- Switching, rentals, and all other sources___________

$13,236,054
3,264,857
48,992,014
1,386,214

Total rail lin e s ___________________________________
W ater lines - ________________________________________

$66,879,141 73
402,400 87

$58,756,845 47
568,103 19

$8,122,296 26

Total ____________________________________________

$67,281,542 60

$59,324,948 66

$7,956,593 94

O peratin g E x p e n s e s —
Maintenance o f way and structures_______________
Maintenance of e q u ip m e n t.-----------------------------------Conducting tra n sp orta tion -------------------------------------General expenses-------------------------------------------------------

$9,900,409
7,118,940
16,203,782
.1,600,943

90
68
90
25

28
10
61
94

$11,343,338
3,094,475
42,962,257
1,356,773

$7,341,904
6,883,675
13,927,128
1,634,326

93
94
50
10

$1,892,715
170,381
6,029,757
29,441

97
74
40
15

50
74
06
00

$2,558,504 78
235.264 36
2,276,654 55

'

16.68
5.51
14.03
2.17
$165,702 32

13.82
29.17
13.41

$33,382 06

34.85
3.42
16.35
2.04

$146,572 83

16.91
25.11

Total rail lines____________________________ _______
W ater lin e s --------------------------------------------------------------

$34,824,075 93
437,094 91

$29,787,034 30
583,667 74

$5,037,041 63

Total ____________________________________________

$35,261,170 84

$30,370,702 04

$4,890,468 80

16.10

Receipts over operating expenses________ _________

$32,020,371 76

$28,954,246 62

$3,066,125 14

10.58

of passengers carried--------------------------------o f *passengers carried one m ile-----------------of passenger trains per mile o f main track
of passenger trains per reven u e tra in mile

4,803,094
642,544,422
$3,053 72
$1 67

4,128,435
529,295,347
$2,694 86
$1 63

674,659
113,249,075
$358 86
$0 04

16.34
21.40
13.32
2.45

F reig h t T r a ffic —
Tons commercial freight c a r r ie d --------- , -----------------Tons commercial freight carried one m ile --------------Receipts per mile o f main track -----------------------------Receipts per reven u e train m ile-------------------------------

13,048,346
5,353,374,071
$9,066 63
$3 84

11,204,275
4,821,257,771
$8,019 03
$3 82

1,844,071
532,116,300
$1,047 60
$0 02

16.46
11.04
13.06
.52

P a ssen g er T r a ffic —

Number
Number
Receipts
Receipts

a Revenue passenger train and all m ixed train mileage,

b W ay-bill tonnage,

c Revenue freight train and all m ixed train miles.

THE CHRONICLE

D e c . 1 1906. J

1355

The transportation receipts and operating expenses are shown in detail in Table No. 24, and the details of passenger
and freight traffic in Tables Nos. 25 and ‘ 6.
2
The rail lines were operated for 52.07 per cent of their gross receipts against 50.70 per cent in 1905. The average
for both rail and water lines was 52.41 per cent against 51.19 per cent in 1905. Expenses for “ maintenance” were 25.45
per cent and for “ operation” 2 6.62 per cent of the gross receipts of the rail lines.
The increase or decrease was principally in the following items of expenses:
M a in ten a n ce of W a y and S tru ctu res. — (increase, $ 2,558,504 7 8, or 3 4 .S5 per cent.)
Repairs of roadway increased
*41S,992 95. Renewals of cross-ties increased $163,908 0 7, the result of the greater number of tie-plates used and the greater
cost of burnettized ties. Renewals of rails, frogs, switches and fastenings increased $245,815 89, as the result of the greater
amount of rails of greater weight, the greater number of frogs and switches put in the track and the large number of con­
tinuous rail joints used. The remaining increase was in the charge of $1,6 9 1,61 0 39, reserve for future maintenance, re­
newals, etc.
The following rails, cross-ties, tie-plates and continuous rail joints were used in making renewals and the entire cost
thereof charged to operating expenses:

TM s Year.

____

Miles of new 80-lb. steel rails

_

Equal to miles of continuous track, . .
Percentage of renewals of all ties In track.

. __

._ _

..........

.............

........

............. .....

176.43
192.76
47.91
417.10
1,891,016
352,118
2,243.134
796.57
14.31
3.378,058
609.69
278,643
422.19

...... .

I n c lu d in g sid in g s

Equal to miles of continuous track______ ____ ______
Equal to miles of continuous track

___ _

__ .. .
. __

.

.

__ __

_ ................ _

+ Increase.

— D ecrease.

Last Year.

+ 176.43
—99.45
+ 47.70
+ 124.68
—8,853
—320,977
—329,830
— 132.97
+ .98
+ 1,903,703
+ 343 37
+ 278,643
+ 422.19

292.21
.21
292.42
1,899,869
673,095
2,572,964
929.54
13.33
1 474,355
266.32

The weight of rails per yard in main lines and branches at the close of the year was as follows:
Mileage of Owned and Leased
Main and Second Track Operated
at the Close of the Year.

Total.

Main and second track ________________________

3 ,7 3 8 .9 1
1 ,8 5 9 .81

2 3 2 .5 0

5 ,5 9 8 .7 2

2 3 2 .5 0

T o ta l

-

__

__________

"Per cent last y e a r ,

_

---------

90

100 .0 0
100.00

___ _____________

Lb.

85

Lb.

42 88
4 2 .8 8

80

75

Lb.

70

Lb

67

Lb.

60

Lb.

4 04.11
43.01

1 ,2 5 2 .9 5
9 8 .7 3

15.6 6
2 5 .5 8

1 ,6 5 6 .1 0

4 4 7 .1 2

1 ,3 5 1 .6 8

4 1 .2 4

2 9.58
25,7 8

7.99
8 .15

2 4 .1 4
2 8 .4 2

.74
.80

Less than
56 Lb.

Lb.

56

1 3 4 .2 3
9 4 5 .9 6

1 ,6 5 6 .1 0

.77
79

.36

Lb.

" 4 5 0 '2 3 '

.48
2 9 6 .3 0

1 ,0 8 0 .1 9

4 5 0 .2 3

2 9 6 .7 8

1 9.29
2 0 .5 0

8 .04
11.10

5 .3 0
4 .1 0

Expenditures for maintenance of way and structures averaged $1,777 02 per mile of main and second track operated
against $1,343 98 for the preceding year.
At the wood-preserving plants of the companies 1,337,691 cross-ties and 53,880 switch-ties were burnettized and
229,253 lineal feet of piling and 942,696 B . M. feet of other timber were creosoted.
M a in ten a n ce of E q u ip m e n t. — (Increase, $235,264 36, or 3.42 per cent.)
The increase was principally in repairs and
renewals of freight cars and of road service equipment . There was a decrease of $660,185 39 in repairs and renewals of loco­
motives, as the result of the greater charges in the preceding year for locomotives vacated; and in repairs and renewals of
passenger cars of $116,536 54. These decreases are partly offset by a charge of $515,000 reserve for future maintenance
and renewals.
The charges to repairs and renewals of locomotives and cars include $190,315 7 5 , the difference between the original
cost or inventory value of old locomotives or cars destroyed, broken up or condemned during the year, and the price obtained
for them dismantled or otherwise disposed of.
The average cost of repairs per locomotive and per car per annum, and the average number of serviceable locomotives
and cars owned were:
Average Cost Per Annum.

Including Charge for Locomotives and Cars Destroyed, Broken Up, or Condemned.

Freight train cars _

___ __

_

_ -

-

_

-

_

This Year.

______

Average Serviceable Number.

Last Year.

5 3 ,0 6 7 79
1 ,07 8 53
123 13

This Year.

5 3,791 07
1 .271 74
102 64

Last Year.

847
570
2 2 ,5 3 2

811
558
2 2 ,0 4 9

The equipment owned by the respective companies is shown in Table No. 21, and the capacity, the service and the
average cost of maintenance are shown in Tables Nos. 27, 28 and 29.
C onducting T ra n sp orta tio n . — (Increase, $ 2,276,654 55, or 16.35 per cent.)
Expenses for fuel for locomotives increased
$604,521 77; locomotive service other than fuel, $386,391 06; train service, $304,335 09; injuries, loss, damage and other
casualties, $110,742 24; station and terminal expenses, $489,691 99; these increased expenses were principally caused by
the greater amount of traffic handled, from an increase in locomotive mileage of 14.22 per cent and from an increase in
the speed of trains. Mileage and switching payments increased $290,382 37, and superintendence and all other expenses
$90,590 03. The increase in the amount of work done by the transportation department of the rail lines is shown in the
following table:
+ Increase.
— Decrease.
Gross transportation receipts _
___________________ _____________ . . . _______
Expenses conducting transportation
_______
__
___ .
____
Passengers carried one mile _
_
_
. .
.
. . .
Mileage o f passenger e a r s ..................
...............
Locom otive mileage of passenger trains, Including helping.
.... ............... .................
Tons of revenue freight tarried one m i l e _____ _____ ____ .
. . . . . . _____ _____
Tons of revenue and com pany freight carried one m ile____ ____________ ______ ______________
Mileage of freight cars.
..
'
....
__________ . . . .
Locom otive mileage of freight and mixed trains. Including helping
Locom otive mileage In revenue service. Including helping and switching
____

Per Cent.

+ 58,122,296 26
+ 2,276,654 55
+ 113,249,075
+ 7,526,532
+ 1,185,525
+ 532,116,300
+ 810,094,714
+ 34,100,521
+ 1,694,258
+ 3,507,306

13.82
16.35
21.39
12.34
13.36
11.04
14.23
9.23
13.36
14.22

The average number of tons of freight per train, tons per loaded car and the per cent of loaded cars per train (including
caboose) for the respective companies for the year were:
•Tons Per Train.
Tons.
r.'nlon P a c ific R R . C o .
. . .
O r e g o n S h o r t L in e R R . C o ___
O re g o n R a ilr o a d 6c N a v ig a t io n C o
A v e r a g e all l i n e s . ..........

..................

4 9 4 .2 7
5 5 8 .4 8
5 0 2 .4 9
5 0 9.71

• T o n m ile s p e r r e v e n u e fre ig h t train a n d

+
—

Tons Per Loaded Car.

Increase.
Decrease.

Tons.

Per Cent.

+ 7 .9 3
— 19.38
+ 1 7 .7 7

1.63
3 .3 5
3 .6 7
.58

+

2 .9 2

all m ix e d tra in m ile*.

Tons.

+
—

Increase.
Decrease.

Loaded Cars Per Train.
Cars.

+
—

Increase.
Decrease.

Per Cent
of Loaded Cars
Per Train.

1Tons.

Per Cent.

2 0 .2 5
2 4 .9 9
2 2 .5 9

4- .49
+ .1 0
+ 1 .06

2 .4 8
.40
4 .9 2

24.41
2 2 .3 5
2 2 .2 4

—
—
-

.21
.86
.27

.85
3.71
1.20

7 4 .9 7
7 1 .8 3
7 9 .5 0

4- 2 .6 7
4- .87
— 1.86

2 1 .5 4

+

2 .0 8

2 3 .6 7

—

.35

1 .4 6

7 4 .8 0

+ 1 .7 9

.44

Cars.

Per Cent.

1

THE CHRONICLE.

356

[V O L . L X X X III.

The expenses per locom otiv e mile in traffic service were, for fuel for locom otives 14.195 cents against 13.763 cents in
the preceding year, and for the entire expense for conducting transportation 57.519 cents against 56.468 cents in the pre­
ceding year.
General Expenses.— (D ecrease, $33,382 06, or 2.04 per cen t.) Expenses for general adm inistration increased 8140,147 10; insurance, $3,904 52, and rents and all other expenses, $32,468 71. There was a decrease in legal expenses of
$167,488 59, and in stationery and printing of $42,413 80.
Water Lines.— (D ecrease, $146,572 83, or 25.11 per cen t.) This decrease is only apparent and is the result of the cessa­
tion of the operation of the water line from P ortlan d, Oregon, to San F rancisco, California, after the first quarter of the
preceding year. Expenses for the operation o f the river line increased $14,630 21.
GENERAL.
The receipts for the year were the largest in the history of the Companies since their reorganization in 1898. E xcluding
the $10,329,815 60 incom e from investm ents, and dealing only w ith the transportation operations, they com pare with those
for the year 1898 as follow s:

Year Ended

June 30 1898_______________

____

____

Receipts over
Operating Expenses
and Taxes.

M iles of Road
Operated.
_____

_

---------------------

I n c r e a s e ---------- _ --------------- - - —
- - ---------- - - - Per Cent ------------------------------------------------------------------------------------

-

Gross Transporta­
tion Receipts.

Operating E xpenses
and Taxes.

5,403.55
5,325.68

$67,281,542 60
32,631,769 05

$36,963,773 16
19,580,290 89

$30,317,769 44
13,051,478 16

77.87
1.46

$34,649,773 55
106.18

$17,383,482 27
88.78

$17,266,291 28
132.29

The operating expenses for the year were charged with $2,206,610 39, w hich sum was credited to a reserve fund for
future m aintenance, renewals, etc. The credit to this fund is now $4,774,610 39, which for the present is am ple, consider­
ing the im proved physical con dition o f the properties, to perm it a discontinuance of further charges to operating expenses
for reserve. The surplus from transportation operations available for distribution will therefore be greater b y the am ount
of the annual deduction for this reserve fu n d. There is also a credit of $4,678,350 93 to a reserve fund for betterm ents,
additions and new equipm ent, w hich makes a total credit to reserve funds of $9,452,961 32.
Incom e from investm ents, i. e., incom e from interest, dividends and rentals and from sources other than transportation
operations, am ounted to $10,329,815 60. This sum will p rob a b ly be increased b y m ore than $4,000,000 on receipt of a
full yea r’s dividend on the com m on stock o f the Southern Pacific C om pany, b y the increased yield from re-investm ent of
the proceeds from the sales o f securities and b y receipts from other investm ents. The B oard of D irectors, therefore, decided
to declare a dividend of tw o per cent from investments from income, in addition to the dividend of three per cent declared
from the operations of the railw ays, thus increasing the sem i-annual dividend payable O ctober 1 1906 to five per cent.
A lthough the Companies purchased considerable equipm ent during the past five years, there rem ained b u t a small gain
after deducting the equipm ent of light weight and small capacity sold, condem ned or destroyed, and 973 freight cars trans­
ferred to road service. The gains com pare with the increased service perform ed as follow s:

Purchased.
L ocom otives— num ber
_ _ __
____
_ _ _ __
__ _ _____ _ _ ____
“
— weight on drivers (tons) _ _ _ _ _ _ _ _
_
_ _ _ _ _ _
_________
___
_ _ _ _
Passenger-train cars— num ber _
___
Freight-train cars— num ber _
__
___
_____________________ _
“ — total cap acity (tons) _
___
___
__ _____
___
* — average cap acity (tons) __
■
_
_

287
104
5,657

______ _
____ ____ __
______
_ _ _ _ _
Increase in locom otive m ileage.
__
“
mileage o f passenger equipm ent
_ _
_
“
passengers carried one mile _
__
__
_ _ _
________________ __
“
mileage o f freight equipm ent
_ _ _
._
_
_________ _ __________
“
tons carried one m ile— all freight _____ __
_
_ .
“
average tons per loaded car— all freigh t. .
__
__

_ _

In Service
In Service
June 30 1906. June 30 1901.
880
55,175
579
23,629
747,846
32.16

826
40,140
536
22,291
577,369
26.30

N et Gain.

P er Cent.

54
15,035
43
1,334
170,477
5.86

6.54
37.46
8.02
5.98
29.53
22.28

_______
_____ ______
_
_______ ____
_ _
_
__ _ .
_ _ _ _ _ _ _
__ __________
_____ __
_
_ _____
_ ____ __
__
____ __
_ _______
_
_________ _ _

__
_

18.36
28.61
88.64
40.03
72.06
13.84

To provide for the ab ove deficiency in equipm ent, for the requirements of the increasing traffic and for the new lines
under construction, there were ordered to be delivered during the year next 105 locom otives, 50 passenger-train cars, 3,000
refrigerator cars and 4,350 other freight cars. The aggregate cost of this equipm ent will be about $13,000,000.
In addition to the M inidoka & Southwestern R ailroad and the Y ellow stone Park Railroad Companies, referred to under
"P rop erties and M ileage,” the follow ing new lines have been p rojected and are in the course of construction b y these com ­
panies, or b y com panies organized in their interest:
Union Pacific Railroad.— A line from O ’ Fallons to N orthport, Nebraska, about 114 miles in length, all graded, and o f
which abou t 19 miles of main track are laid. A line from Strom sburg to Central City, Nebraska, about 23 miles in length,
which will p robably be com pleted abou t January 1907, and which will considerably shorten the distance betw een p oin ts
on the M anhattan and Beatrice Branches and points west o f Central City. A line from Thayer, W y om in g , to the coal mines
in H orse Thief Canon, about 12 miles in length, and a line from the W ashington Mine, Colorado, to Grant Coal Mines, about
7 miles in length, will p rob a b ly be com pleted b y the end of the current calendar year.
Oregon Railroad & Navigation Company.— A n extension of the Elgin Branch from Elgin to Joseph, a distance of abou t
63 miles, of w hich abou t 18 miles are graded. An extension of the St. Johns Branch from St. Johns to a poin t near T rou tdale, a distance of 20.15 m iles, which will form a loop w ith the present main line to Portland; abou t 3 miles of this line are
graded.
Malad Valley Railroad.— The remaining part of this line, from Garland, U tah, to M alad, Id a h o, a 'd ista n ce, of 31.83
miles in length, was com pleted during the year and pu t in operation July 1 1906.
South Omaha & Western Railroad.— T h e construction of this double-track line from South Om aha to L ane, Nebraska
a distance o f 11.6 m iles, which will shorten the distance betw een South Omaha and Council Bluffs and points west of Lane,.
8.94 miles, is progressing and will p rob a b ly be com pleted within the next year.
Topeka & Northwestern Railroad.— This Com pany was organized to build a line from M enoken to M arysville, K ansas,
a distance of abou t 70 miles. The line from Menoken to Onaga, Kansas, a distance o f abou t 38 miles, was opened for
traffic F ebruary 5 1906, and the remainder of the line will p rob a b ly be com pleted in the early part o f the n ext year.
Columbia River & Oregon Central Railroad.— This C om pany’s line from Arlington to C ondon, Oregon, a distance of
45.31 miles, was leased to the Oregon R ailroad & N avigation Com pany July 1 1906.
Oregon & Washington Railroad.— This Com pany was incorporated to build the line from P ortland, Oregon, to Puget
Sound, a distance o f abou t 230 miles. The acquisition of ample terminal properties in the best locations is well advan ced
in b oth T acom a and Seattle, and work on this line will be actively prosecuted when pending applications for the necessarym unicipal franchises shall be granted.
Under an agreem ent for the construction o f a jo in t line w ith the Northern Pacific R ailw ay Com pany from Texas City,
W ashington, a p oin t opposite R iparia on the Snake R iver, to Lew iston, Id a h o, about 72 miles in length, the Oregon W ash ­
ington & Idaho R ailroad Com pany was incorporated for the construction of this road. A b ou t 15 miles o f main track arelaid, abou t 32 miles additional are graded and the entire line will be com pleted during the n ext year.
Since the close of the fiscal year additional com panies have been incorporated. The cost of lines in course of construc­
tion , o f other lines p rojected and of the additional equipm ent hereinbefore referred to will in volve an ou tlay o f abou t $50,-

000,000.
The public is inform ed of the enormous destruction o f property in San Francisco b y the fire in April 1906. The calam ity
was unparalleled in the history of the cou ntry, and to give relief prom ptly to the stricken people of that city called for
extraordinary efforts and measures. The assistance given b y this Com pany in con ju n ction with that given b y the Southern
Pacific Com pany is fully set ou t in a report m ade b y the President of the Southern Pacific Com pany to the B oard of Direc­
tors of that C om pany, and, as a m atter of inform ation to the stockholders of this C om p a n y. said report is printed as an
appendix hereto.

D

ec

.

1 1906. J

THE CHRONICLE

1357

The Insurance fund shows a gain in the year’s transactions o f 847,493 85. The operations o f this fund from its com ­
m encem ent to June 30 1900 are shown in T able N o. 120.
Under the pension system put into effect b y the com panies on January 1 1903 there arc carried on the pension rolls
77 em ployees. The paym en t to them for the year am ounted to 819,021 20.
The accom panying report o f the Com ptroller shows in detail the property of the U nion Pacific R ailroad and A uxiliary
C om panies and their com bined financial and other transactions.
B y order of the B oard o f D irectors.
. H . H A R R IM A N ,

President.
A P P E N D IX .
R eport of the President of the Southern P acific C om pany to the Board o f D irectors of that C om pany on the
San F rancisco D isaster.

New York, October 4 1900.
ToPthe Board of Directors Southern Pacific Company:
An earthquake occurred at San Francisco on W ednesday, April 18 1906 at 5:15 a. m . (8:15 a. m ., New Y ork tim e).
This was im m ediately follow ed b y a num ber o f fires in the business and lower sections of the city , w hich rapidly spread into
a general conflagration that could n ot be checked on account of the breaking o f the w ater m ains, w hich cut off the water
su p p ly. The fire raged for three d a y s, and was n ot brought under control until the night o f A pril 20th, when the people
succeeded in stopping the progress o f the fire tow ards the W estern A d d ition , at Van Ness Avenue and Franklin Street.
TheMiomes of at least 200,000 people were burned, and the ordinary sources of fo o d supply for the city cut off, so that it
becam e necessary to furnish fo o d for practically the entire population of San Francisco, to im provise tem porary shelter
for those whose homes were bu rned, and to carry aw ay large num bers of people fleeing from the city .
R eports of the disaster were received in New Y ork abou t 9 a. m. (New Y ork tim e), and im m ediately telegrams were
sent to the officers in charge of the Southern Pacific and Union Pacific Systems directing them to act qu ick ly and to co­
operate with the officers in charge at San Francisco in doing all that could be done to relieve the distress, and, before the
d ay was ended, all the forces of b oth system s were a ctively co-operating in the relief w ork. In order that I m ight give
personal assistance and encouragem ent, I left New Y ork on the m orning of Thursday, April 19th, and arrived at San Fran­
cisco on S unday, the 22d.
R elief supplies, consisting of fo o d , m edicines, m edical appliances and other articles needed in the em ergency were
im m ediately collected in the larger tow ns and cities on the System and m oved rapidly tow ards San F rancisco, so that their
delivery to the several distributing places in San Francisco was begun on the evening o f April 18th and thereafter con tin u ed,
so that it m ay be said that no one needed to be in want o f fo o d , and that everyone was able to secure som e shelter after
the first n igh t.
To expedite the delivery of supplies, the num ber of cars, not on ly those originating on our own lines, bu t also cars
tendered b y connections, was lim ited to ten or fifteen per train, so as to make passenger train tim e. This service was con ­
tinued until advised from San Francisco that a sufficient qu antity had been received to provide for im m ediate wants; there­
after th ey were carried on regular fast freight trains.
In the 35 days follow ing the disaster over 1,600 carloads of relief supplies and over 224,000 passengers were carried
free. The Com pany n ot on ly gave freely this im portant service, but the interruption to its regular passenger and freight
business was naturally very great, and this, of course, added largely to the expense o f taking care of the situation.
The Trans-Bay steamers m aintained their regular tw enty-m inute schedules betw een San Francisco and O akland,
w ith the exception o f a few hours when it was reduced to hourly service because o f the im possibility o f obtaining fresh
water for the boiler supply o f the boa ts. A fter this short interruption, the usual tw enty-m inute service was resum ed and
regularly m aintained thereafter. The local train service connecting w ith the boats was also regularly m aintained, and
although very large crow ds were handled, w hich taxed facilities to the utm ost, no accident or in ju ry occurred. In view
of the fact that this extraordinary disaster was encountered w ithout warning and under circum stances o f great excitem en t,
it is alm ost m iraculous th a t such a large traffic could be handled under these trying conditions w ith ou t serious in ju ry to any
person. Such a result is certainly the highest p roof that could be had of the a bility and efficien cy o f the men in charge of
this w ork. On April 19th, the day of heaviest travel, 1,073 carloads of refugees were transported. On the 20th nearly as
large a num ber were carried, and the m ovem en t continued extrem ely h eavy u n til A p r il 26th, w hen, on the suggestion of
the M ayor, the General of the A rm y and the Citizens’ Com m ittee, unrestricted free transportation was discontinued.
In addition to the free service perform ed b y the regular ferry steam ers, the Com pany sent its river steamers and extra
ferry steamers to take passengers from ou tlying wharves and landings to the eastern side of the B ay.
Inform ation bureaus were established on the 20th and the 21st at nine points in the city , served b y horseback riders,
w ho posted notices advertising free service and particulars as to m ovem ents of trains and relief w ork, inquiries about missing
people, statem ents of accom m odation s, relief provid ed b}'- outside cities, e tc., etc.
In the destruction of pow er houses and street car tracks, autom obiles furnished abou t the onty means of com m un ica­
tion . Gasoline for these vehicles was furnished from the C om pany’s stores as long as the supply lasted, and the assistance
thus rendered to relief com m ittees, physicians, m ilitary and civil authorities was highly appreciated.
E xplosives were issued free from the C om pany’s stores on request of the San Francisco Fire D epartm ent.
Three of the C om pany’s steamers were placed at the disposal of the Quarterm aster’ s D epartm ent to handle relief sup­
plies and they remained in service w ith ou t charge until May 26th.
All of the C om pany’s shed facilities in San Francisco were tendered for the im m ediate relief of the homeless. A num ber
o f team s engaged in the construction o f the B ay Shore Line were turned over to the Governm ent to be used in hauling
supplies; the wages o f the team sters were paid b y the Com pany.
T em porary tracks were laid on request of the city authorities on a great m any of the paved streets fo r the purpose
o f rem oving debris and hauling in material for rebuilding.
F ortunately the fire was checked on the side of the street opposite from the C om pany’s freight term inals. Its general
h osp ital, a m odern and thoroughly equipped building, was burned; its 150 patients, m any suffering from severe injuries,
were all safely rem oved under the im m ediate charge of the Chief Surgeon and his staff and were accom m odated in hospitals
in near-by cities. In the tw o days during which the fire was burning tow ards the hospital over 250 injured persons were
given free attention. The Chief Surgeon and his entire hospital staff', including the nurses, left the hospital only after the
rem oval o f the injured and when there was no longer any possibility of saving it. Some of them remained on du ty until
th ey fainted from exhaustion. The Surgeon o f the Union Pacific at Portland and 39 nurses were taken to San Francisco
and gave their tim e to the care of the sick and injured.
The old general office building on Fourth and Townsend Streets was destroyed; also the general offices in the M erchants’
E xchange B uilding, with m ost o f the b ook s, vouchers, accounts, records, etc.
I com m end to the B oard, the officers and em ployees of the Com pany in all departm ents as deserving praise for d u ty
well and faithfully perform ed, particularly those who remained on duty at a tim e when their homes and fam ilies were e x ­
posed to the dangers and terrors of the earthquake and to the subsequent dangers from the flames, whose progress it seem ed
im possible to arrest.
Had it not been fo r the work of the Southern Pacific C om pany, the loss o f life would have been m u ch greater. The
official report shows the loss of 425 lives, although the lives o f over a half million persons were endangered.
The officers and em ployees of the Company deserve the highest com m endation for the m aintenance of its service, which
afforded the means to bring food and necessary supplies to the city and to carry from the city people who fo u n d it necessary
to go to other places for refuge. The perfect discipline maintained b y the w orking staff of the Com pany reflects m ost highly
on its organization, and the prom pt and efficient service rendered contributed largely to the feeling of courage and c o n ­
fidence with which the people o f San Francisco faced this calam ity.
W hile the C om pany has done m uch to relieve this situation, much remains to be done before the city can be rehabili­
tated. It should be not only the du ty b u t the pleasure o f the Com pany to continue in all legitim ate ways its assistance
in restoring and rebu ildin g the city.
Although the expense o f the free service rendered and the loss caused b y the interruption in the regu lar m ovem ent
o f traffic on the lines o f the Southern Pacific and Union Pacific Systems were great, I authorized an additional expenditure
o f 8200,000 for relief w ork, and I now ask you r approval of this appropriation.
Herewith are transm itted all messages and com m unications concerning thislm atter; also'detailed reports of the officials.
e .» h . ; h a r r i m a n .

THE CHRONICLE

1358

[VOL. LXXXIII

UNION PACIFIC RAILROAD AND A U X IL IA R Y COMPANIES.
NO . 2 .— IN C O M E F R O M T R A N S P O R T A T I O N O P E R A T I O N S Y E A R E N D E D J U N E 30 1 9 0 6 .

O p e r a t in g e x p e n s e s a s s h o w n in d e ta il in T a b l e N o . 2 4 ---------T a x e s .......................................... ..................- ......................................................
T o t a l o p e r a t in g e x p e n s e s a n d t a x e s ------- -----------------

$ 3 5 ,2 6 1 ,1 7 0 84
1 ,7 0 2 ,6 0 2 32

G r o s s t r a n s p o r t a t i o n r e c e ip t s , a s s h o w n in d e t a il in T a b l e .
N o . 2 4 .................................. ....... ............

$ 6 7 ,2 8 1 ,5 4 2 60

$ 3 6 ,0 6 3 ,7 7 3 16

1n te r e s t o n b o n d s in h a n d s o f p u b lic , a s s h o w n in d e t a il in
T a b le N o . 13 ----------- ---------- ----------------------------------------- . . .
S in k in g fu n d r e q u ir e m e n t s ------------------------------- - --------- ------------D iv id e n d s o n p r e fe r r e d s t o c k o f U n io n P a c if i c R R . C o .:
T w o p e r c e n t p a id A p r il 1 1906------------------------------- --------T w o p e r c e n t p a y a b l e O c t o b e r 1 1906....... .............................
D iv id e n d s o n c o m m o n s t o c k o f U n io n P a c if i c R R . C o .:
T h r e e p e r c e n t p a id A p r i l 1 1906---------------------------- -------- T h r e e p e r c e n t p a y a b le O c t o b e r 1 1906--------------------------D i v id e n d s o n p r e fe r r e d s t o c k o f O r e g o n R R . & N a v i g a t io n
C o . , in h a n d s o f t h e p u b lic :
T w o p e r c e n t p a id J a n u a r y 1 1906_
_______
T w o p e r c e n t p a y a b l e J u ly 1 1906_ - _____ ___________
B a la n c e t o p r o fit a n d lo s s (N o . 4 ) . _________________________

8 ,8 7 0 ,8 9 8 05
1 2 ,0 1 3 33
1 .9 9 0 .8 8 2 00
1 .9 9 0 .8 8 2 00
5 ,7 7 6 ,4 9 7 00
5 ,8 6 4 ,3 3 7 00
134 00
134 00
5 ,8 1 1 ,9 9 2 06
$ 6 7 ,2 8 1 ,5 4 2 60

$ 6 7 ,2 8 1 ,5 4 2 60

NO. 3 .— IN C O M E O T H E R T H A N F R O M T R A N S P O R T A T I O N

D iv id e n d o f t w o p e r c e n t o n c o m m o n s t o c k o f U n io n P a c ifi c
R R . C o . , p a y a b le O c t o b e r 1 1 9 0 6 _____________________________
B a la n c e t o p r o fi t a n d lo s s ( N o . 4 ) ________________________________

$ 3 ,9 0 9 ,5 5 8 00
6 ,4 2 0 ,2 5 7 60

O P E R A T I O N S Y E A R E N D E D J U N E 30 1 9 0 6 .

I n t e r e s t o n b o n d s o w n e d o f c o m p a n ie s o t h e r t h a n O r e g o n
S h o r t L in e a n d O r e g o n R R . 6c N a v i g a t io n C o . ( T a b l e N o .
14) ___________________________________________________ ____________
D i v id e n d s o n s t o c k s o w n e d o f c o m p a n ie s o t h e r t h a n O r e ­
g o n S h o r t L in e a n d O r e g o n R R . 6c N a v i g a t i o n C o . , in ­
c lu d in g d iv i d e n d o f $ 2 ,2 5 0 ,0 0 0 o n c o m m o n c a p it a l s t o c k
o f S o u t h e r n P a c if i c C o ., p a y a b l e O c t o b e r 1 1 9 0 6 (T a b le
N o . 14) ______ _______________________
R e n t a ls f r o m s t e a m s h ip s a n d o t h e r i n c o m e ______
_
___
B a la n c e o f in t e r e s t o n lo a n s a n d o n o p e n a c c o u n t s o t h e r
t h a n w it h A u x i lia r y C o m p a n i e s . _______ _______
_ __

$ 1 0 ,3 2 9 ,8 1 5 60

$ 2 9 7 ,9 1 0 67

7 ,2 3 7 ,9 1 6 67
5 0 6 ,1 7 9 24
2 ,2 8 7 ,8 0 9 0 2
$ 1 0 ,3 2 9 ,8 1 5 60

N O . 4 .— P R O F I T A N D L O S S F O R T H E Y E A H E N D E D J U N E 30 1 9 0 6 .

A p p r o p r i a t e d f o r b e t t e r m e n t s a n d a d d i t i o n s m a d e d u r in g
th e y e a r
___
_
__
___ _ _
_
_
A p p r o p r i a t e d f o r b e t t e r m e n t s a n d a d d it i o n s o f b r a n c h l i n e s .
A p p r o p r ia te d fo r n ew e q u ip m e n t . .
_ ______
_ _
___
R e s e r v e f o r d e p r e c ia t i o n o f r o ll in g s t o c k o w n e d a n d le a s e d
t o o t h e r c o m p a n ie s
B a la n c e J u n e 3 0 1 9 0 6
_
____ ..

B a la n c e J u n e 3 0 1 9 0 5 , v i z . :
$ 2 ,7 0 0 ,0 0 0 o o ;
______
___
In com e a ccou n t _ _ _ _
_
.
S in k in g f u n d s ___
__ _____
_
___ _
_
________
5 0 0 ,0 0 0 ooi
1 ,0 0 0 ,0 0 0 001 B a la n c e in c o m e f r o m t r a n s p o r t a t i o n o p e r a t i o n s ( N o . 2 ) ____
B a la n c e , in c o m e o t h e r t h a n f r o m t r a n s p o r t a t i o n o p e r a t io n s
3 0 4 ,5 5 5 99
( N o . 3 ) ______________________________
4 2 ,7 9 6 ,0 2 6 39' S in k in g f u n d c o n t r ib u t i o n s a n d in c o m e f r o m s in k in g fu n d
in v e s t m e n t s
___
___ _
_
___
__
___
P r o c e e d s f r o m s a le s o f u n p le d g e d la n d s a n d t o w n s it e s _____
A d j u s t m e n t s in a c c o u n t s
. _ _____________
$ 4 7 ,3 0 0 ,5 8 2 38

N O . 5 .— A S S E T S A N D

ASSETS.

J u n e 30 1906.

C a p ita l A s sets—
C o s t o f r a il w a y s , e q u ip m e n t a n d a p p u r ­
t e n a n c e s ______________________________________ $ 3 5 3 ,5 7 3 ,1 5 5
C o s t o f e x t e n s i o n s _____________________________
5 9 6 ,3 8 1
S t o c k s a n d b o n d s o w n e d , a s d e t a i le d in
9 6 ,7 8 1 ,8 0 6
T a b le s N o s . 8 a n d 9 _________________________
2 5 2 ,0 1 1
T r u s t f u n d s _____________ ______________________

06
84

J u n e 30 1905.

1 5 9 ,2 7 5 ,3 2 6 24
2 3 2 ,7 5 7 10

$ 4 5 1 ,2 0 3 ,3 5 4 74 $ 5 1 1 ,5 9 6 ,7 4 7 0 6

6 ,4 2 0 ,2 5 7 60
1 9 ,7 0 2 77
4 1 ,1 9 9 58
6 4 ,2 3 5 95
$ 4 7 ,3 0 0 ,5 8 2 38

L IA B IL IT IE S

30 § 3 5 1 ,9 4 3 ,4 0 1 97
1 4 5 ,2 6 1 75
54

$ 3 4 ,0 5 4 ,4 3 5 44
8 8 8 ,7 5 8 9 8
5 ,8 1 1 ,9 9 2 0 6

J U N E 30 1 9 0 6 .

J u n e 30 1 9 0 6 .

L IA B IL IT IE S .

C a p ita l L ia b ilitie s —
U n i o n P a c if i c R a ilr o a d C o m p a n y c o m ­
______ _____
$ 1 9 5 ,4 4 6 ,9 0 0
m on sto ck
_
_ _ _
U n i o n P a c if i c R a ilr o a d C o m p a n y p r e ­
fe rre d s to c k
_
__ _ _
9 9 ,5 4 4 ,1 0 0
O u t s t a n d in g s t o c k s o f A u x i l i a r y C o m ­
p a n ie s , v i z . :
O r e . S h o r t L in e R R . C o . c o m m o n s t o c k
1 0 ,0 0 0
O r e g o n R R . 6c N a v . C o ., c o m m o n s t o c k
2 0 ,2 0 0
O r e g o n R a ilr o a d a n d N a v ig a tio n C o m ­
p a n y p r e fe r r e d s t o c k __
7 ,8 8 0
F u n d e d d e b t a f t e r d e d u c t in g b o n d s o f
A u x i l i a r y C o m p a n ie s o w n e d ( T a b le N o .
12 ) ____________________________________________
2 0 1 ,5 3 2 ,0 0 0

J u n e 30 1 9 0 5 .

00 $ 1 6 4 ,8 4 1 ,9 0 0 0 0
00

9 9 ,5 5 8 ,9 0 0 00

00
00

1 0 ,0 0 0 00
2 0 ,2 1 0 0 0

00

1 0 ,2 3 4 0 0

00

2 2 9 ,9 4 5 ,0 0 0 0 0

$ 4 9 6 ,5 6 1 ,0 8 0 0 0 $ 4 9 4 ,3 8 6 ,2 4 4 0 0
C u rren t A ssets—
C a s h ________________________________________ _
D e m a n d l o a n s _____________ _ __________________
B ills r e c e i v a b l e ________________________________
A g e n t s a n d c o n d u c t o r s ______________________
T r a f f i c b a l a n c e s __________________________
D i v id e n d s a n d in t e r e s t a c c r u e d t o J u n e 30_
I n d iv id u a ls a n d c o m p a n i e s __________________
U . S . G o v e r n m e n t t r a n s p o r t a t i o n __________
M a t e r ia l, fu e l a n d s u p p l i e s ___________________

69
00
90
71
37
59
57
23
14

$ 7 ,3 4 5 ,5 6 4 58

$ 7 1 ,8 4 5 ,8 0 0 20

C u r re n t L ia b ilitie s —
C o u p o n s m a t u r e d b u t n o t p r e s e n t e d ___
C o u p o n s d u e J u ly 1 st
.
_______
I n t e r e s t a c c r u e d o n b o n d s a n d lo a n s t o
J u n e 30
_ _
______
D i v id e n d s d u e b u t u n c a lle d fo r
____
D i v id e n d s p a y a b le J u ly 1 a n d O c t o b e r 1 _
B o n d s s a tis fie d o f m o r t g a g e L o a n s a n d b ills p a y a b l e . _
_
...........
V o u c h e r s a n d p a y r o lls _____________________

$ 1 7 ,5 7 4 ,1 2 7 14

$ 2 1 ,2 5 8 ,8 8 2
3 4 ,7 1 0 ,0 0 0
8 ,9 2 9
6 8 9 ,5 9 6
4 6 4 ,2 4 2
4 ,3 6 0 ,0 5 7
1 ,7 6 2 ,2 9 0
7 5 9 ,0 1 2
7 ,8 3 2 ,7 8 8

5 5 8 ,9 2 9
5 4 4 ,2 7 9
2 6 4 ,8 4 0
5 0 1 ,1 9 5
3 ,0 5 0 ,3 4 7
8 0 3 ,0 6 3
4 ,5 0 5 ,9 0 5

90
82
81
33
55
98
17

$ 1 3 5 ,3 2 0 15
2 ,5 2 8 ,0 0 5 00
6 1 8 ,9 5 8
3 2 ,4 6 9
1 1 ,7 6 4 ,7 7 7
1 2 ,2 2 5

32
00
00
00

5 ,3 2 7 ,3 4 6 28

$ 1 4 1 ,5 8 5 15
2 ,5 2 8 ,0 0 5 0 0
7 4 3 ,4 0 3 31
2 6 .7 4 4 0 0
6 ,6 0 0 ,0 1 4 50
1 1 ,1 9 8 ,3 7 4 9 8
3 ,6 8 5 ,4 7 3 77

$ 2 2 ,8 3 6 ,6 1 1 37
1 7 ,3 0 0 ,0 0 0 00
5 ,1 2 6 ,7 9 6 58
5 .7 8 4 ,3 3 7 86
1 2 4 ,3 4 4 61

$ 5 1 ,1 7 2 ,0 9 0 42
C o n tin g en t A s se ts —

Unadjusted acco u n ts______
Land and town lot contracts

$ 3 8 7 ,3 0 7 00
2 ,9 2 7 ,8 2 6 22
$ 3 ,3 1 5 ,1 3 3 22

$ 2 4 ,9 2 3 ,6 0 0 71

D e fe r r e d L ia b ilitie s —
T a x e s a s s e s s e d b u t n o t d u e ------------------------ .
- - _____
$ 5 ,9 9 4 ,9 6 5 30 I n d iv id u a ls a n d c o m p a n ie s

$ 9 2 9 ,9 7 3 27
5 2 ,5 8 8 93

$ 8 9 3 ,2 9 2 84

2 0 ,4 0 0 ,0 0 0 0 0

$ 9 8 2 ,5 6 2 20

$ 8 9 3 ,2 9 2 8 4

S 4 5 2 .5 2 1 56
5 1 ,8 7 8 44
1 3 2 ,2 3 8 43

$ 4 0 5 ,0 2 7 71
7 7 ,2 1 7 7 8
8 7 ,8 5 7 35

7 6 3 ,0 5 6 56

3 9 ,5 3 5 86

4 ,6 7 8 ,3 5 0 93

3 ,1 7 3 ,4 7 9 9 8

4 ,7 7 4 ,6 1 0 39
2 ,9 9 7 ,1 2 6 71

2 ,5 6 8 ,0 0 0 0 0
2 0 9 ,4 2 8 7 6
2 ,1 2 8 ,9 3 5 16

2 ,9 2 7 ,8 2 6 22

2 ,2 8 7 ,9 3 1 88

$ 1 6 ,7 7 7 ,6 0 9 24

D efe rr e d A s s e ts —
A d v a n c e s fo r th e c o n s tr u c tio n a n d a c q u i­
s it io n o f n e w l i n e s __________________________
P a y m en ts fo r a cco u n t o f S an P e d ro L os
A n g e le s a n d S a lt L a k e R a ilr o a d C o ______
O c e a n s t e a m s h ip s “ M a n c h u r ia ” a n d “ M o n ­
g o l i a ” ________________________________________
R o llin g s t o c k __________________________________
L a n d a n d M is c e lla n e o u s p r o p e r t y __________
I n d iv id u a ls a n d c o m p a n i e s _________________
D u e f r o m p r o p r ie t a r y c o m p a n i e s ____________

$ 2 0 ,4 1 9 ,1 0 0 75
........ .....................

$ 1 0 ,9 7 7 ,4 1 4 4 8

$ 4 2 ,7 9 6 ,0 2 6 39

$ 3 4 ^ 4 3 ,1 9 4 12

4 ,9 6 4 ,9 8 6
2 ,1 6 8 ,3 8 4
1 0 1 ,9 9 9
4 5 8 ,6 6 9
5 7 5 ,9 3 6

07
09
08
741
09

$ 3 4 ,6 6 4 ,9 4 0 37
C o n tin g en t L ia b ilitie s —
I n s u r a n c e fu n d (T a b le N o . 20) - - - —
- - -.
$ 2 ,2 8 7 ,9 3 1 88 T r u s t a c c o u n t s _
E q u ip m e n t r e p la c e m e n t f u n d s . _
- _
$ 2 ,2 8 7 ,9 3 1 88 R e s e r v e f o r d e p r e c ia t i o n o n s te a m s h ip s
a n d r o ll in g s t o c k le a s e d —
___
R e s e r v e fu n d f o r b e t t e r m e n t s , a d d it io n s
a n d n e w e q u ip m e n t —
----------------R e s e r v e f u n d f o r m a in t e n a n c e , r e n e w a ls ,
& c ____________________________________________
U n a d ju s t e d a c c o u n t s —
- --------- D u e t o p r o p r ie t a r y c o m p a n i e s .
---------------P r in c ip a l o f d e fe r r e d p a y m e n t s o n la n d
a n d t o w n l o t c o n t r a c t s (T a b le N o . 16) __
B a l a n c e to c r e d i t o f p r o f i t a n d lo s s ( T a b l e
X o . 4) _ _ _ __________________________________

Total assets

$ 5 7 7 ,5 3 6 ,3 7 8 58 $ 5 6 6 ,1 2 3 ,7 4 6 45

T ota l

l i a b il it i e s _____________

-

.

$ 5 7 7 ,5 3 6 ,3 7 8 58 $ 5 6 6 ,1 2 3 ,7 4 6 4 5

1359

THE CHRONICLE

D e c . 1 1906. J

I N ION PACIFIC RAILROAD AND A U X IL IA R Y COMPANIES.
NO. 7.— STOCKS AND BONDS OF T H E UNION PACIFIC R A IL R O A D AND A U X IL IA R Y COM PAN IES JU NE 30 1006.

Owned b y U nion P a c ific R ailroa d and A u x ilia r y C om p a n ies.
Total Issued
and
O utstanding
J u n e 30 1906.

A m ount
in H a n d s o f
P u b lic
J u n e 30 1906.

STOCKS.
Union Pacific H R . Co.
com m on stock.
. $195,448,900 00 $195,446,900
Union Pacific R R . Co. I
preferred s t o c k __
99,569.300 00' 99.544.100
Oregon Short Line R R .
10.000
Co. capital s t o c k __ 27.460.100 00
Oregon H R. & Navigation
20,200
Co. com m on stock______ 24.000,000 001
Oregon R R . & Navigation
7.880
Co. preferred stock _____ 11,000.000 00!
Boise City R y. & Term.
Co. capital stock- 22,900 00
St. Anthony R R . Co.
capital s t o c k ________
40.000 00
Salmon River R R . Co.
capital s t o c k _____ __ I
110.000 00
W yom ing Western R R .:
Co. capital stocki
50.000 00

O f the Total Owned there are
Oregon Short
L in e .

U nion P a c ific
R R . C o.

O rcoon R R .
tfc N a v . C o.

Total.

P led ged .

U npledged.

00

$ 2 ,0 0 0 00

$ 2 ,0 0 0 00

$ 2,000

00

25,200 00

25,200 00

25,200 00

00

27.340,700 00

27.450,100 00

27,450,100 00

$109,400 00

00

23,979,300 00

$500 00

00

10,869.220 00

122,900 00

00

23,979,800 00 $23,979,300 00

500 00

10,866,800 00

125,320 00

10.992,120 00

22,900 00

22,900 00

22,900 00

40.000 00

40.000 00

40.000 00

1 10,000 00

110,000 00

110,000 00

50.00 0 00

50.000 00

50.000 00

_

Total

$357.701.200 00 $295,029,080 00

BONDS.
I’ nlon Pacific R R . Co. 1st
Mtge. R R . and Land;
Grant 4 % _______
. . $100,000,000
Union Pacific R R . Co. 1st!
Lien Convertible 4 %_ 581.000
Oregon Short Line RR.Co.
Consol. 1st Mtge. 5 % _ . _
12.328,000
Oregon Short Line RR.Co.
non-cum. Income A __
7,185,000
Oregon Short Line RR.Co.
Collateral Trust NonCumulatlve Income B_
14.841.000
Oregon Short Line RR.Co.
4% Refunding________
100,000,000
Oregon Short Line R y. Co.
1st Mortgage 6 % ______
14,931.000
Utah <c Northern R y. Co.
5
1st Mortgage 7 % ______
4.993,000
Utah & Northern R y . Co.
Consol. Mortgage 5 % . _
1,802.000
Oregon R R . & Navigation
Co. 4 % Cons.Mtge.Gold
22.022,000

$27,367,900 00 $35,180,820 00 $123,400 00

$62,672,120 00 $34,846,100 00

$27,826,020 00

$2,564,000 00

$4,251,000 00

00

$ 1 0 0 , 0 0 0 ,0 0 0 00

00

581.000 00

00

12.328.000 00

00

370.000 00

$4,251 ,000 00

00

48,000 00

14,793,000 00

14,793,000 00

14,793,000 00

00

45,000.000 00

55,000,000 00

55,000.000 00

55,000,000 00

00

14.931.000 00

00

4.993.000 00

00

1.802.000 00

00

21.479.000 00

$543,000 00

543,000 00

543,000 00

$2,564,000 00 $543,000 00

$77,151,000 00

T ota l________________ $278,683,000 00 $201,532,000 00

$74,044,000 00

$6,815,000 00

$2,564,000 00

$2,564,000 00

$74,587,000 00

Total stocks and bonds. $636,384,200 00 $496,561,080 00 $101,411,900 00 $37,744,820 00 $666,400 00 $139,823,120 00 $37,410,100 00 $10 2,4 1 3 ,020i00

UNION PACIFIC RAILROAD AND A U X IL IA R Y COMPANIES.
NO. 8,— STOCKS O W N ED

OF O T H E R COM PANIES, JU NE 30 1906.

Owned b y U n ion P a c i f ic R a ilroa d and A u x ilia r y C& m vanles*
Total Issu ed
and
O utstanding
J u n e 30 1906.

O regon Short
L in e R R . C o.

O f the Total Owned there are
O regon R R .
&, N a v . C o.

$300,000 00

19,544,000 00
1 ,000,000 00
300,000 00

Total.

$300,000 00

P led ged .

~3oo7ob"o~66

1 ,000,000 00

1 ,000,000 00

300.000 00

U npledged.

$300,000 00
$10,343,100 00

10,343,100 00

$10,343,100 00

1 , 000,000 00

300.000 00

15,436,400 00

$15,436,400 00

15,436,400 00

225,000 00

225,000 00

225.000 00

225.000 00

1,000,000 00

1 , 0 0 0 ,0 0 0 00

1 ,000,000 00

1 ,000,000 00

25.000 00

25.000 00

25.000 00

50.000 00

50.000 00

50.000 00

$25,000 00
00
Leavenworth Depot &
RR. Co. capital stock.
150,000 00
1 00,000 00
Mill Creek Flume 4c Mfg.
Co. capital stock___
200.000 00
Northern Pacific Ry. Co.
capital stock________
Northern Securities Co.
(stubs)......... ............
Occidental 4c Oriental
SS. Co. capital stock.
1 ,250,000 00
10.000,000
Ogden Union Ry. 4c De­
pot Co capital stock300.000
150,000 00
Paclfic Express Co. capi­
tal stock ............. ........
6.000,000
3.600.000 00
RattlesnakeCreek Water
Co. capital stock____
78,300
Short Line Land & Imp.
Co. capital stock_
_
100.000
50,000 00
So. Omaha 4c West. R R .
Co. capital stock.
100,000
Southern Pacific Co.
common stock........... 197.849,258
107,849,258 64
Southern Pacific Co.
preferred stock______
21 .569,840 00
30,569,840
Spokane Union Depot
Co. capital stock_
_
125.000
Topeka Iron Co. capital
s t o c k .......................... I
55,000 00
110.000
Union Depot 4c Ry. Co.
(Denver) capital stock
400.000
160.000 00
Union Depot Co. Kan­
sas City) ranltal stock
495.000
450,000 00
Union Land Co. capital
stock
10,000
Union Pacific Coal Co.I
capita) stock__
5.000,000
Union Pacific Land Co.
capital stock__ ____
100.000
Union Pacific Water Co.
capital stock________
500
Walla Walla 4c Colum­
bia River RR. Co.,
700.000 0 0 1
capital stock............... i
Total

U n ion P a c ific
R R . C o.

$300,000 00

i, i
o
©
o
©

Cascade R R . Co. capital
stock . ............... ..........
Chicago 4c Alton R y. Co.
preferred stock ______
Columbia & Palouse RR
Co. capital stock ____
Columbia So. R y. C o_
_
Great Northern R y. Co.
capital stock ________
Green
River
W ater­
w ork s Co. cap. stock
Leavenworth Kansas &
Western R y. Co. capi­
tal s t o c k ____________

A m ount
in H a n d s o f
P u b lic
J u n e 30 1906

200,000 00

200.000 00

200,000 00

13,352,800 00

13,352,800 00

13,352,800 00

724,900 00

724,900 00

724,900 00

8.750.000 00

8.750.000 00

8.750.000 00

150,000 00

150.000 00

150.000 00

2.400.000 00

2.400.000 00

2.400.000 00

78,300 00

78,300 00

78,300 00

50.000 00

50,000 00

100.000 00

1 0 0 .0 0 0 00

50,000 00
100,000 00
90.000. 000 00

90.000. 000 00

90.000. 000 00

18.000. 000 00

18.000. 000 00

18.000. 000 00

125.000 00

125.000 00

125.000 00

55.000 00

55.000 00

55.000 00

240.000 00

240.000 00

240.000 00

45.000 00

45.000 00

45.000 00

10.000 00

10.000 00

10.000 00

,000.000 00

5,000.000 00

5,000,000 00

100.000 00

100.000 00

500 00

500 00
700,000 00

700.000 00

99,400 00

600 00
500 00

00.000 00

$28,996,900 00 $1 37.564 .100 00 $2,200,000 00 $168,761 ,000 00 $110,299,400 00 $58,461 ,600 00

THE CHRONICLE

I360

[Y o l . l x x x i i i ,

UNION PACIFIC RAILROAD AND AU XILIARY COMPANIES.
NO.

9 .—

BONDS OWNED OF OTHER COMPANIES JUNE 30 1906.
O w n ed b y

T o ta l Is s u e d
and
O u ts ta n d in g
J u n e 30 1906.

Atchison Union Depot&
y HR. Co. 2d. Mtge. 5%
Cheyenne County, Colo•rado refunding' 5 % - Columbia & PalouseRR.
Co. 1st Mtge. 6 % ----Columbia Southern Ry.
Co. 1st Mtge.'5 % ----Green River Water­
works Co. 1st Mtge

6 % -----------------------------

Leavenworth & Topeka
Ry. Co. 1st Mtge 4 % .
Leavenworth Depot &
RR. Co. 1st Mtge. 5%
Northern Pacific Term.
Co. 1st Mtge. 0 % ----Ogden Union Ry. &
Depot Co. 1st Mtge.
5 % ------------------------RattlesnakcCreek Water
Co. 1st Mtge. 0 % ----Sumpter Valley Ry. Co.
1st Mtge. 6 % ---------Union Pacific Coal Co.
1st Mtge. 5 % ---------Union Pacific Land Co.
1st Mtge. 4 % ----------

A m ount
In H a n d s o f
P u b lic
J u n e 30 1906.

$30,000 00

U n io n P a c if ic
R R . C o.

U n io n P a c if ic R a ilr o a d a n d A u x i l i a r y C o m p a n ie s .

O regon S h ort
L in e R R . C o.

O f th e T o t a l O w n e d th e r e a r e

Oregon RR. &
Nuvlgatlon Co

T o ta l.

$4,500 00

$4,500 00

$31,500 00

$4,500 00

26,200 00

26,200 00

26,200 00

U n p le d g e d .

P le d g e d .

26,200 00

2.829.000 00

$2,829,000 00

2.829.000 00

700.000 00

700,000 00

700.000 00

700.000 00

208,000 00

208.000 00

208.000 00

208.000 00

$2,829,000 00

205.000 00

102,500 00

102,500 00

102,500 00

102,500 00

150.000 00

87,000 00

63.000 00

63.000 00

63.000 00

3.665.000 00

3,494,000 00

44.000 00

171.000 00

171.000 00

326.000 00

163,000 00

163.000 00

146.000 00

163.000 00

163.000 00

146.000 00

146.000 00

146.000 00

64.000 00

64.000 00

4,372,000 00

4.372.000 00

4,372,000 00

1 0 , 000 ,0 0 0 00

150.000 00
5,000,000 00

127,000 00

1 0 , 0 0 0 ,0 0 0 00

$64,000 00

86 ,00 0 00

628,000 00

1 0 , 0 0 0 ,0 0 0 00

$15,129,200 00

Total _
NO. 10.—

1 0 , 000,000 00

$64,000 00 $3,656,000 00 $18,849,200 00 $12,829,000 00 $ 6 ,0 2 0 ,2 0 0 00

RECAPITULATION OF STOCKS AND BONDS JUNE 30 1906
O w n ed b y
Issu ed and
O u ts ta n d in g
J u n e 30 1906.

A m o u n t in
H a n d s o f P u b lic
J u n e 30 1906.

U n io n P a c if ic R R . a n d A u x ilia r y C os.

T o ta l.

O f w h ic h th ere
a re P le d g e d .

A n d th e r e
r e m a in s
U n p le d g e d .

Stocks of Union Pacific RR. and auxiliary companies as shown
Table No. 7 - _ , ____________________________________________________
Stocks of other companies as shown in Table No. 8----------------------

$357,701,200 00 $295,029,080 00 $62,672,120 00 $34,846,100 00 $27,826,020 00
168,761,000 00 110,299,400 00 58,461,600 00

Total stocks___________________- _______ --------------------------------

$231,433,120 00 $145,145,500 00 $86,287,620 00

Bonds of Union Pacific RR. and auxiliary companies as shown
Table No. 7_________________________________________________
Bonds of other ci mpanies as shown in Table No. 9----------------------

$278,683,000 00 $201,532,000 00 $77,151,000 00
18,849,200 00

$96,000,200 00 $15,393,000 01

Total bonds „ ______________ . . _____ *_______ - ________ -

People’ s Gas L ig h t & Coke C o ., C hicago. — See Indiana
Natural Gas & Oil Co., V. 83, p. 1293— V. 82, p. 574.
Pullm an C o m p a n y . — Listed .—The New York Stock Ex­
change has authorized the listing on Dec. 7 of the $26,000,000
additional stock to be issued as a stock dividend, making the
total listed to date $100,000,000. Compare V. 83, p. 1233.
Earnings .— For two months ending Sept. 30 1906:
Net, incl. other income___ $2 ,492,665
Gross earnings__________$5,652,319 |
Net earnings____________ 2,324,256 |
Div. on $74,000 ,000 stock986,667
Surplus over two months’ dividend on old stock____________ $1,505,998
Total accumulated surplus Sept. 30 1906 before stock distribution 28,628,019

R eport .—See “ Annual Reports” on a preceding page.—
V. 83, p. 1226, 1233.
Safety Insulated Wire & Cable Co., Bayonne, N. J.— See
National Steel & Wire Co. above.— V. 77, p. 2394.
Scranton Anthracite Briquette Co.— M ortgage .—The
stockholders have authorized the making of a mortgage for
$125,000 to the Colonial Trust Co. of New York, as trustee.
Go.

(Paints,

& c .),

Cleveland,

$80,607,200 00

$327,433,320 00 $160,538,500 00 $166,894,820 00

Total stocks and bonds_____________________________________

Sherw in-W illiam s

$2,564,000 00 $74,587,000 00
12,829,006 00
6 , 020 ,2 0 0 00

Q .—

Extent of P lant. — The following inform ation is published:
The company now maintains eight factories with 196 buildings repre­
senting a floor space of 984,255 square feet and fourteen warehouses having
155,500 square feet of storage space. The buildings of the company cover
26.16 acres with a total floor area of 1,139,755 square feet. Capital stock,
authorized, $2,500,000 common and $1,000,000 7% preferred; outstanding
(at last accounts), $2,490,400. Par of shares, $1 0 0 . President, H. A.
S lerwin; Secretary and Treasurer, S. P. Fenn. Office, Cleveland, Ohio.
Compare V. 76, p. 1411, 107; V. 79, p. 2646.

Swift & Go.— Acquisition. —The “ Canadian Journal of
Commerce,” Montreal, of Nov. 23 had the following:
Swift & Co. on Nov. 16 assumed control of the packing plant of .T Y.
.
Griffin & C o . , Winnipeg, which has branches at Nelson and Fort William.
Mr. Nicholson, formerly manager of Swift & Co.’s plant at St. Joseph, Miss.,
succeeds C. N. Aldrich as President and General Manager of the Griffin Co.
It is understood considerable extensions are contemplated, including the
erection of a packing plant at Edmonton.— V. S3, p. 1040, S22.
Syracuse Lighting Co.— Control by United Gas Improve­
ment C o.— Leased to New Company— Increase of Stock .— A

special meeting of the stockholders will be held Dec. 6 to
vote on leasing the property to the Onondaga Lighting Co.,
which was incorporated in New York on Dec. 5 with $1,000,000 authorized stock by the United Gas Improvement Co.
of Philadelphia; and also on increasing the common stock
from $3,000,000 to $8,000,000. Of the stock of the Onon­
daga company $250,000 will be paid up as soon as the con­
sent of the Commissioner of Gas & Electricity is obtained.
The lease will run for 999 years from Jan. 1 1907 and
provide for annual rentals guaranteed by the United Gas
Improvement Co. equal to dividends payable quarterly on
the two classes of stock, as follows:

tricity to the increase of the common stock from $3,000,000
to $8,000,000, as above stated.
The bonded debt of Syracuse Lighting Co. on Sept. 30 last
consisted of $2,384,000 first mortgage 5% gold bonds dated
1901, due June 1 1951 ($2,500,000 authorized; see V. 77,
p. 248, 399), and $2,500,000 Syracuse Gas Co. first 5s, due
Jan. 1 1926 (V. 74, p. 482).— V. 83, p. 1102.
Belm ont D evelopm ent G o. —Listed in Phila­
delphia.—The Philadelphia Stock Exchange has listed
$1,295,007 capital stock in shares of $1 each.
U nion Gas & Electric Co. of Cincinnati.— Additional D i­
rectors.—The board of directors having been increased from
11 to 15, the following new directors are announced: H._B.
Plant, H. L. Doherty, Theodore Clauss and Harry O. Aordecka.— V. 83, p. 1234, 912.
United Bank Note Corporation.— Postage Stamp Contract
Goes to Government Printing O ffice. —Postmaster-General Cortelyou on Nov. 22 awarded to the Bureau of Engraving &
Printing of the Treasury Department the contract for fur­
nishing postage stamps and books of stamps for the postal
service during the period of four years beginning Feb. 1
1907.

Tonopah

The annual saving if the award had been made to this company's sub­
sidiary, the American Bank Note Co., would have been approximately
$17,000, "but the Postmaster-General is convinced that this amount would
be more thafi offset by the loss on the machinery of the postage stamp plant
in the Bureau of Engraving and Printing.—V. 83, p. 1102.
United B ox Board & Paper C o . —Rum ors.— Press despatch­

es from Chicago this week state that several plans for a fur­
ther reorganization have been under consideration recently,
but that nothing definite has been decided upon. The earn­
ings, although showing considerable improvement over last
year, are reported to be still inadequate. The preferred
stock, which was quoted as high as 1734 last January, has
since declined to about 7.
A part of the plan, it is supposed, will be a. reduction in the capital stock,
which at present consists of $13,896,433 common and $14,771,459 pre­
ferred. The "Chicago Inter-Ocean” says that President Barber has pro­
posed to organize a syndicate to take over the company’s holdings in Amer­
ican Strawboard Co. stock and relieve it of the obligations falling due under
the issue of $1,750.000 of 6% collateral trust bonds.— V. 83, p. 499,327.

United Gas Improvement Co. of Philadelphia.

— New Sub­
sidiary to Lease Syracuse Lighting Co. — See that company
above.— V. 83, p. 1123, 499.

United States Smelting, Refining & Mining Co.—C h a ir m a n .

— President William G. Sharp has been elected also Chair­
man of the board to succeed Robert D. Evans, resigned.—
V. 83, p. 912.
— O re C on tra ct. — See last "week’s issue,
On the $1,000,000 preferred stock, 5% yearly to and including 1913; in editorial, p. 1261, and news item, Great Northern R y ., p.
1914,
and 6% thereafter.
On the common stock, in 1907, 2%; in 1908 and 1909, 2 ^ % ; in 1910, 1290.— V. 83, p. 1123, 1097.
3%; in 1911, 4%; in 1912 and 1913, 5%; in 1914, 5 ^ %

and thereafter 6%.

The consummation of the deal depends, according to pres­
ent terms, on the consent of the Commission of GasJ& Elec­

United States Steel.

Western Power Co. of New Jersey.— B o n d I s s u e
C o m p a n y . — See Great W estern Power Co.
—V. 8 3 , p. 499 , 9 7 3 . j

trolled

of Con­

above.

D eo.

l

1 9 0 0 .1

THE CHRONICLE.

Western Union Telegraph Co.— Xew Bonds— Option to
Subscribe.— T he com p a n y under d ate o f N o v . 26 offers to

1361

The (Fommcmai Times.

shareholders o f record D e c. 5 the o p tio n to subscribe a t 87^2
from D ec. 6 to 3 p . m . D ec. 17 fo r 810,000.000 “ con v ertib le
CO M M E RCIA L E P IT O M E .
4% redeem able g old b o n d s ” in a m ou n ts equal to 1 0 % o f
th eir respective h oldin gs. Ten per cen t o f the a m ou n t o f
F rid a y N ight, N ov. 30 1906.
su bscrip tion m ust a ccom p a n y the su b scrip tion ; the rem ainder
There seems to be no abatement in the activity of trade, an
m ay be p aid at an y tim e prior to Jan. 15 1907, bu t if n ot activity which finds its reflex partly in numerous reports of in­
p a id u ntil after Jan. 1 1907 interest at 4% from th at d ate on creases in wages. Mills and factories are in many cases work­
the deferred p ay m en t m ust a cco m p a n y such p a y m e n t.
ing to the height of their capacity. It will be recalled, too,
T hese b on d s are secured b y d ep osit w ith the B ow lin g Green that the foreign trade in October was of unparalleled size,
T rust Co. o f New Y o rk as trustee o f 89 ,7 3 3 ,1 0 0 cap ital sto ck taking it in the aggregate, while the increase in exports was
o f the N ew Y ork (B ell) T elep h one C o ., to ta l issue $ 5 0 ,0 0 0 ,- also something remarkable. With an extraordinary sale for
000 (V . 82, p. 1377). T he N ew Y o rk T elep h on e Co. has the products of the field and the mill, there continues to be a
fo r m an y years paid and is n ow p a y in g regular d ividen d s at noteworthy absence of speculation. Prices are generally
the rate o f 6 % per a n n u m , and is earning a g o o d surplus a b ov e well maintained.
the sam e. T he entire b lo ck o f 810,000,000 bon d s had been . LARD on the spot has declined, owing to dulness of trade-,
u n derw ritten b y K u h n , L oeb & Co.
larger receipts of hogs and increased offerings of product.
A circu lar says in substance:
City is quoted at 9c. and Western at 9)4c. Refined lard has

T h e b o n d s are p a rt of th e "red e e m a b le 4% so ld b o n d s” w hich th e di­
re cto rs are a u th o riz ed to Issue from tim e to tim e to th e a g g reg a te a m o u n t of
S2o.00d.000 a n d are secured by a n in d e n tu re d a te d N ov. 2G 1906, Howling
G reen T ru st C o., tru ste e . T h e bonds now offered will be co n v ertib le a t
th e o p tio n of th e holder or re g iste red ow ner (b u t n ot a t th e o p tio n of th e
com pany) Into sto c k of th e com p an y a t p a r a t a n y tim e a fte r Ja n . 2 1909,
a n d before Ja n . 2 1919. an d w ith in said p erio d up to th irty d a y s prior to
a n y d a te for th e re d em p tio n of said bonds w hich m ay be n am ed in an y call
for th e re d em p tio n th ere o f, w ith p ro p er a d ju s tm e n t of in te rest as set fo rth
in said in d en tu re . Said bonds will be redeem ab le a t o p tion of co m p an y a t
5 ’;. prem iu m a n d accru ed in te re st on M ay 1 1912 or on an y Interest day
th e re a fte r. T he coupon b o n d s will be e x ch an g eab le fo r reg istered bonds
a n d ti-.e reg istered bonds for coupon bonds. C oupon bonds m ay also be
reg istered as to p rincipal only. T he coupon b o n d s of th e p re se n t series
of $10,000,000 of b o n d s will be d a te d Ja n . 2 1907. a n d all th e bonds will
m a tu re X ov. 1 1936. B oth p rin cip a l a n d in te re st will be p ay ab le in gold coin,
of th e U n ited S ta te s of th e present s ta n d a rd of w eight a n d fineness, w ith o u t
d ed u ctio n for a n y ta x or ta x e s w hich th e c o m p an y m ay be re q u ire d to pay
th ere o n or re ta in th erefro m u n d e r a n y p re se n t or fu tu re law of th e U n ited
S ta te s or of an y S ta te , c o u n ty or m u n ic ip ality th ere o f. D en o m in atio n of
coupon b o n d s, s i . 0 0 0 : of reg istered b o n d s w ith o u t coupons SI .0 0 0 , or
S5 . 0 0 0 . or S i0.000. as m ay be d esired. In te re st p a y ab le M ay 1 a n d N ov. 1.
b ut th e lirst p a y m e n t will be for four m o n th s on ly , n am ely for th e period
from Ja n . 1 to M ay 1 1907.— V. S3, p. 129S, 973.
Westinghouse Electric & Mfg. Co.—Preferred Dividend. —

In the statem en t o f earnings w hich appeared on p . 1226 o f
ou r issue o f N ov . 17 the rate o f the d iv id en d show n on the
preferred stock should have been stated as 1 0 % instead o f
7 % . the preferred shares under their pa rticip a tin g p rovision
receivin g 3 % y ea rly in a d d ition to the m inim u m o f 7 %
cu m u lative to w h ich th ey are e n title d .— V . 83, p . 1234, 1226.

Wolverine Portland Cement Co., Coldwater, Mich.— Extra
Dividends.— A n extra d ividen d o f 5 % , b ein g the th ird extra
d iv id en d o f the sam e am ou n t distribu ted during the fiscal
y ear beginning M arch 1 1906, was p aid N o v . 15 along w ith
the regular qu arterly d ividen d o f l l % .
A
A fou rth “ e x tra ”
d iv id en d o f 5 % has been ordered to b e paid w ith the regular
q u arterly d iv id en d o f I A % on F eb . 15 1907, making 26%
fo r the year endin g F eb. 28 1907. E . R . R o o t is Secretary
and T reasu rer.— V . 83, p . 434.

— Redmond & Co. have just issued another of their series
of pamphlets in which they are describing and analyzing
various issues of investment securities. The pamphlet con­
tains 16 pages , one page being devoted to each issue de­
scribed, while at the end two pages contain lists of miscel­
laneous bonds and guaranteed stocks with data, prices and
yields. An index inside the front cover renders the informa­
tion given very accessible. The pamphlet is of compact
pocket size and is admirably adapted for readj' reference by
investors.
— Redmond & Co.’s extensive list of high-grade railroad
bonds and tax-free guaranteed stocks will be found on page
xxxx. The income yield varies from 3.80 to 5 % % and the
list is remarkably well diversified.
— Percy IV. Brooks, for many years connected with N. W .
Harris & Co., and for the last five years a partner at the
firm’s New York office, will withdraw on Dec. 1 and go into
the bond business for himself about Jan. 1. Mr. Elmer E.
Black, for years identified with the firm, and for the last
ten years a partner at the Chicago office, will hereafter be
one of the resident partners at the New York office.
— Ashwell & Co., 30 Broad Street, have issued a little
booklet entitled “ Stop Orders.” It gives valuable sugges­
tions relative to operations in the stock market, a li
dividend-paying railroad stocks and the rate paid by each;
also a table giving the approximate yield of stocks paying
from 1 to 12%.
— Following the dissolution of the New York Stock Ex­
change firm of Alexander, Thomas & Davies, Frederick M.
Davies, George W . Thompson and James P. Thomas have
formed a new co-partnership to be known as Davies, Thomp­
son & Co. The concern’s offices are at 30 Pine Street, this
city.
— Albert B. King & Co., 206 Broadway, carry a large
stock of lithographed borders which, when lithographed or
printed upon, make bonds at a fraction of the cost of work
for which borders have to be made specially. The stock
borders are either printed from steel or are lithographed.
— James M. Drake, of the New York Stock Exchange
firm of Drake, Mastin & Co., died on the 23rd ult. Mr.
Drake, who was eighty-two years old, was one of the original
members of the Stock Exchange.

been quiet with Continent easier and other grades steady.
Refined Continent is quoted at 9.75c., South American
10.75c. and Brazil in kegs 11.75c. Lard futures at the West
have been active and irregular with the fluctuations mod­
erate. Larger receipts of hogs and liquidation, together
with the dulness of the spot market, have caused irregularity
at times, but commission houses have bought on declines
and packers have given support .
PORK on the spot has ruled steady with trade fairly active.
Mess is quoted at $17 75@$18 75, clear $17 50@$19 and
family $17 75@$18 75. Cut meats have been steady with
a fair jobbing demand. Pickled shoulders 8c., pickled hams
12@12J^c. and pickled bellies, 14@10 lbs., 1 0 j/£ @ ll % c .
Beef has been more active with some irregularity in prices.
Mess is quoted at $8 50@$9 50, packet $10 50@$11, family
S13@$14 and extra India mess $19. Tallow lias been firm
with light offerings and trade fairly active; City 6)^c.
Stearines have been active and firm; oleo 12c. Butter has
advanced with the demand active; creamery, extras, 30J^c.
Cheese has been fairly active and firm; State factory 14c.
Eggs have been in fair demand at higher prices; Western
firsts 33j^@34c.

D A IL Y C L O SIN G P R IC E S
S a t.
D ecem ber d e liv e ry _____ 8.55
Ja n u a ry d e liv e ry _______ 8.35
M ay d e liv e ry ___________ 8.30

O F L A R D F U T U R E S IN C H IC A G O .
M on.
Tues.
TT'e-d. T h u r s .
F rx .
8.62
8.70
8 .6 7 p:
8.60
8.371-4 8.47 J-4 8.45
H oli- 8.45
8.35
8.45
8.45
d a y . 8 .4 2 14

O IL.— Cottonseed has been active and easier with larger
offerings. Prime summer jrnllow 43c. Linseed has been
easier but without quotable change. The market for seed
has declined but offerings of product have been light and the
demand continues fairly active. City, raw, American seed,
42@43c.; boiled, 43@44c.; Calcutta, raw, 70c. Lard has
been quiet and steady; prime 78@80c. Olive has been
fairly active and firm; yellow 64@ 68c., green 58@60c. Cocoanut has been easier, owing to a lessened demand and
larger offerings. Cochin is quoted at 9 j^ @ 9 ^ c . and Cey­
lon at 9c. Peanut has been quiet and steady; yellow 50 @
60c. and white 55@65c. Cod has been fairly active and
steady; domestic 36@37c. and Newfoundland 38@40.
COFFEE on the spot has been quiet and easier. Rio No.
7, 7 % c .) Santos No. 4, S % c . West India growths have
been quiet and steadjq fair to good Cucuta, 8 j^ @ 9 % c .
The market for future contracts has declined, owing to long
liquidation for local and Wall Street account, foreign selling,
the dulness of the spot market and selling for a decline by
professional traders. The market has lacked support except
what came from the covering of shorts.
The closing prices were as follows:

D e c e m b e r----------5.80c. ( A p r il______________ 6.15c. [ A u g u s t _________ 6.50c.
J a n u a ry ----------------5.90c. ( M a y ___ ,_________ 6.25c. S e p te m b e r ______6.55c.
F e b ru a ry _________ 6.00c. J u n e ______________ 6.30c. O c t o b e r __________6.60c.
M a rc h ---------------- 6.10c. Ju ly
6.40c.

SUGAR.— Raw has been quiet at a slight advance in
quotations. Centrifugal, 96 degrees test, 3 27-32c.; musco­
vado, 89 degrees test, 3 ll-3 2 c.; and molasses, 89 degrees
test, 3 3-32c. Refined has been steady with some increase
in trade. Spices have keen firm and fairly active. Teas
have been in good demand and firm. Hops have been quiet
and steady.
TOBACCO.—The demand for domestic leaf has been quiet
of late, manufacturers being well supplied in many instances.
Increased interest is reported in the market for Havana.
The prospects for a fair-sized crop are reported as more
favorable, with planters endeavoring to make up the delayed
farm-work. A steady trade in Havana is reported with
supplies depleted and prices firm.
PETROLEUM has been in active demand and firm.
Export business has been more activd. Refined, barrels,
7.50c., bulk 4.40c. and cases 10c. Naphtha has been fairly
active and steady; 73 to 76 degrees 18c. in 100-gallon
drums. Gasolene has been active and firm; 89 degrees 21c.
in 100 gallon drums. Spirits of turpentine has been active
and firmer at 7 0 A c - Rosin has been in fair demand and
steady; common to good strained $4 20.
COPPER has been quiet but firmer; lake 221\>(o 22;: i e.;
electrolytic 2 2 % (o 2 2 A 1
'- Lead has been quiet and steady
at 5.90(3)6c. Spelter has been quiet and steady at 0.35(3:
6.45c. Tin has been more active and firmer; straits 43.40c.
Iron has been firm and more active; No. 1 Northern 824(5}
827 50; No. 2 Southern, 822 50(5 827.

T H E C H R O N IC L E

1362

[ V OL. L X X X H I,

COTTON

On Shipboard, Not Cleared for —

F r i d a y N i g h t , N o v e m b e r 3 0, 1906,

A ok.|30
7

T H E M O V E M E N T O F T H E C R O P as indicated by our
telegrams from the South to-night is given below.
For
the week ending this evening the total receipts have reached
3 9 0 ,8 3 8 bales, against 4 1 0 ,6 2 3 bales last week arid 4 1 6 ,4 7 3
bales the previous week, m aking the total receipts since
the 1st of September 1906 4 ,2 6 5 ,1 9 7 bales, against 4 ,0 3 6 ,2 0 3
bales for the same period of 1905, showing an increase
since Sept. 1 1906 of 2 2 8 ,9 9 4 bales.
R e c e ip ts a t—

M on.

S a l.

F ri.

T h u rs.

W ed .

T u es.

49,301

63,099 79,613 54,973

58,605 85,247 390,838

The following shows the w eek’s total receipts, the total
since Sept. 1 1906, and the stocks to -n ig h t, compared with
last year:
v
Receipts to
Nov. 30.

1905.

1906.
This
week.

Since Sep

1 1906.

Slock.

Since Sep

This
week.

1 1905.

1906.

1905.

414,543

283,714

262,056
57,475

355,203
51,048

167,982
25,018
13,683

177,509
28,394
53,334

26,457
46,579

21 .147
71.860

117,163
4,812
11,943
2,075

136,988 1,705,128 103,657 1,393,478
Galveston____
38,829
37,836
6.413
Port Arthur. _
14,754
986
15,473
CorpusChristi, &c. 2,946
97,467 856.737 74,646 625,689
New Orleans
9,359 138.811
Mobile__________ 14,590 120.812
55,120
42,788 10,130
5,828
477^
350
2.477
•Jacksonville, &c
Savannah . .
61.687 813,444 45,031 909.792
18,475
84,261
70,757
9,428
Brunswick__ • 93,654
Charleston__
7,442
7,048 128,592
424
Georgetown . _ . _
521
50
Wilmington__
16,433 214,000 16.200 234,923
26.098 250,583 26,418 371,705
Norfolk
1 ,091
5,656
7,781
Newport News, &c
3,225
1,840
New Y o r k ___ _
300
568
36
16,955
Boston
1,4'30|
2,373
3,560
5,188
Baltimore-..
15,755
20,652
5,863
1,545
Philadelphia _ __
353
1,859
83

231,853
3,560
12.743
2,059

_____

Total__ ______ 390,838 4,265,197 322,610 4,036,203 1,149,786 1,292,424
In order th at comparison m ay be m ade with other years,
we give below the totals at leading ports for six seasons:
1906.

1905.

1904.

1903.

Galveston, <
fcc
New OrleansMobile _ _
Savannah __
Charleston, &c
Wilming’n ,&c
Norfolk
N’port N., &c.
All others___

139,934
97,467
14,590
61,487
7,442
16,433
26,098
1,091
26,096

111,056
74,646
9,359
45,031
7,098
16,200
26,418
3,225
29,577

101,765
111,189
17,196
69,060
8,519
13,360
33,068
354
22,973

153,142
101,474
13,035
47,652
5,078
12,637
17,969
692
17,469

63,305
121,664
10,470
50,423
9,340
13,751
20,554
822
24,132

82,068
96,917
9,036
49,344
14,784
11,641
21,289
941
36,885

Total this wk_

390,838

322,610

377,484

369,148

314,461

322,905

Receipts at

| 1902.

1901.

Since Sept. 1. 4,265,197 4,036,203 4,587,762 4,024,019 3,878,624 3,709,945
The exports for the week ending this evening reach a
total of 3 3 3 ,3 9 5 bales, of which 1 2 4 ,2 1 8 were to Great Britain,
4 7 ,9 1 8 to France and 161 ,2 59 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1906:
W e e k e n d in g N o v . 30 1906.
E x p o r te d to —
E x p o r ts
froth —

Galveston___

G reat
C o n ti­
B rita in . F r.n ce. n e n t.

39,836 17,668

Corp.Christi.Ac
New Orleans.. 57,571 26,095
Mobile _ - . _
Pensacola___
Fernandina _.
_
Savannah ___ 6,947 _
Brunswick___
_
_
Charleston___ _
_
Wilmington__ 9.549 _
_
_
_
Norfolk_____
Newport News .
New York___
457 4,155
Boston _____ 3,739
Baltimore___ 1,414
Portland, Me-San Francisco.
Seattle _____
Tacoma_____
Portland. Ore.
Pembina____
Detroit...........
Totla_____
Total

4,685

___
_

_
_
_
_
.
_
_

T ota l.

G rea t
B r ita in .

F ra n ce.

628,668 164,489
10,115

60.0S5 143.791

239,212 127,569
15,846 15,376
24,435 1 1 ,2 0 0

44,672 51,619
12,037 12,037
10,349 10,349
9,549

82,770 24.262
30,754

8,372
3,818
3,659
4,685

_
_
125
125
___ ___
___
___

__

72,211
2,367
1.717
S9.221
43,215
34,403
21,914

_ _

_

6,000
15.756
1,303

____ ___
____ ___
___ _ ___
450

—

C o n ti­
n en t.

T ota l.

367,432 1,160.589
36.936
26,821
1.238
1,238
206,736 573,517
9,393
40,615
14,507
50,142
309,292
19,851
IS,063
108,416
2,161
73.65S
5.785
28,830
20,777
11,043
4,827
—

heaving
slock.

Total.

50,519
164,811
33,560
4,000
15,850
31,000
9,400
39 ,000

211,537
249,732
134,422
9,683
41,625
15,579
107,763
31,305

Total 1906.. 114,999 54,282; 73,024 59,295 46,540 348,140
Total 1905.. 136,312 42,764 60,663 35,019 50,244 325,002
Total 1904.. 106,201; 30,5841 73,014 25,099 23,538 258,436

801,646
967,422
727,046

12,995 7,601
5,156 23,910
75,844 36,731 23,408 21,685
2,060 4,000j 22,000j 3,500
6,600.
2_
,500
15,000;

650'

7, bob'

1,300
2~.460i
4,000; 13,000

. _A

3,200
7,000

857
7,083
2,000
4,000
1,600
31,000

Speculation in cotton for future delivery has continued to
be far from active, being lim ited for the most part to what
is termed the professional elem ent.
But what with very
strong Southern spot markets and a com paratively small
crop m ovem ent, prices have advanced.
N ovem ber ad­
vanced 90 points on T uesday, though it fell 75 points on
W ednesday. The rise was due to covering of shorts. T h e
weather has been cold and at times rainy, and this, with a
reported continued scarcity of cars in some sections, and an
apparent holding back of cotton b y some of the planters,
particularly of the better grades, has served to reduce the
crop m ovem ent and to encourage some reduction of esti­
m ates of the crop. The average estim ate of the New Y ork
Cotton Exchange is 1 2 ,4 5 7 ,0 0 0 bales; th at of the Liverpool
Exchange 1 2,4 4 3 ,0 0 0 bales.
A W all Street house issued an
estim ate of 1 2 ,1 1 4 ,0 0 0 bales, which was practically in accord
with some other recent private estim ates, though the average
estim ate of the Memphis Cotton Exchange is m uch higher,
1 2 ,6 8 2,59 6 bales.
But with rising spot prices at the South,
increasing premiums there on the high grades and also a
gradual increase of premiums on spot cotton over futures,
there has been considerable covering and some slight in­
crease in outside trading for long account.
Liverpool people
have been good buyers here, and at tim es spot interests have
bou gh t, while Southern hedge selling has not been sufficent
to have any depressing effect.
On the other hand, there
has been not a little Southern bu yin g, partly for New Or­
leans.
W a ll Street houses have also been buyers.
Latterly
some reaction has taken place on the eve of the Thanksgiving
holiday here on Thursday and the Liverpool holiday on Fri­
day for the dedication of the new Liverpool Exchange, all
of which served to bring about a moderate reaction.
T o-d ay
however, there was another advance here, owing to an un­
expectedly sharp rise in Liverpool on Thursday, while this
market was closed, the rise across the water being due partly
to Continental buying.
Moreover, the spot m arkets at the
South continued strong, and very few December notices
were issued here, holders being apparently loath to relin­
quish their cotton with prices at the South so strong.
Finally
there was a good deal of covering as well as a certain amount
of buying through W all Street and other houses for a rise.
Later on realizing of profits caused a reaction, though the
closing prices nevertheless showed a small advance for the
day.
Spot cotton has ruled quiet.
Middling uplands
closed at 1 1 .4 0 c ., an advance during the week of 30 points.
The rates on and off m iddling, as established N o v . 21 1906
by the Revision Com m ittee, at which grades other than
middling m ay be delivered on contract, are as follows:
F a ir_________ e_ 2.00 on Strict low mid__ c0.14 off Middling tinged-C- 0.12 off
Strict mid. fair__ 1.75 on Fully low mid___0.32 off Strict low mid. ting 0.46 off
Middling fair------ 1.50 on Low middling---- 0.50 off Low mid. tinged-. 0.90 off
B a re ly m id . f a ir .- 1.25 on Barely low mid— 0.70 off Strict g'd ord. ting. 1.25 off
Strict good mid__1.00 on Strict good ord_0.90 off Fully mid. stained 0.42 off
Fully good mid__0.88 on Fully good ord__1.07 off Middling stained- - 0.50 off
Good middling__ 0.76 on Good ordinary---- 1.25 off Barely mid. stained 0.7.8 off
Barely good mid- - 0.57 on!Strict e'd mid. tgd, 0.30 on Strict low m. stain 1.50 off
.
Strict middling— 0.38 on Good mid- tinged- Even Fully 1 m. stained 1.75 off
Middling________ Basis. Strict mid. tinged- 0.06 off Low mid. stained- 2.00 off
On this basis the official prices for a few7 of the grades for
the past week would be as follows:

F rom . S ep t. 1 1906 lo N o v . 30 1906.
E x p o r te d to —

27,907 85,411

3,760
79
2,245

New Orleans..
Galveston___
Savannah____
Charleston___
M obile_______
Norfolk ____
New York___
Other ports__

Great 1
| Ger- 1 Other Coast­
Britain. France, many. Foreign wise.

T o ta l.

18,717 27,141 35,256 16,872 23,249 15,753 136,988
Galveston
_____ _____ ____
___
___
Port Arthur . __ _
___
___
____ 2,946 2,946
OorpusChristl , &c
9,087 15,766 17,846 13,112 16.521 25,135 97,467
New Orleans .2,803
405 2,896 14,590
3,013
1,050 4,423
Mobile
_ -,
_
_
___ ____ ____ _____
Pensacola _ 350
312
38
Jacksonville, &c.
6,082 15,449 10,020 11,006 7,076 61,687
12,054
Savannah
18,475 18,475
Brunswick ____
1,942 7,442
498
897
1,256
1 ,093 1,756
Charleston ____
___
___ _____ ____
_ __
_
Georgetown __ .
1,569 16,433
2,294 4,410
3,000
2,395
2.765
Wilmington __
3,123 26,098
6,233
3,329
5,693
3,730
N orfolk___ —
3,990
____
___
____
1,091
1,091
Newp’t News, &c
300
36
58
50
156
1,430
741
198
86
229
176
Boston
- ___
____ 5,188 5,188
Baltimore . ___
53
353
200
—
50
....
50
Philadelphia___
Totals this week.

a t—

416,324
50.605
18,063
186,627
4.528
1.717
178.635
49.000
64.536
21,914

GULF.

10.15
10.90
11.40
12.16
12.90

10.15
10.90
11.40
12.16
12.90

10.40
11.15
11.65
12.41
13.15

10.40
11.15
11.65
12.41
13.15

10.40
11.15
11.65
12.41
13.15

9.40
10.90
10.94
11.40

9.40
10.90
10.94
11.40

9.40
10.90
10.94
11.40

9 .2 0

10.70
10.74
11.20

M A R K E T A N D SALES A T N E W

Spot Market
Closed.

Saturday-_ Firm. 10 pts. adv_Monday— Steady, 20 pts. adv.
Firm _ _ ____ _
Tuesday
Wednesday Steadv __ ______
Thursday Fridas*------ Q u ie t__ __
Total

Thurs.

10.15
10.90
11.40
12.16
12.90

1 2.9 5

STAINED.
Low Middling— ---------Middling__ __ __
Strict Low Mid. Tinged —
Good Middling Tinged-----

450

In addition to above exports, our telegrams to-night also
give us the following am ounts of cotton oij. shipboard, not
cleared, a the ports nam ed. W e add similar figures for
New Y o rk .

Wed.

9.95
10.70
11.20
11.96
12.70

11,043
4,827

1905____ 161,371 36,488 110.478 308,337) 1.049,079 369,120 1,037,351 2.455,530

Tues.

in. 2 0
10.95
11.45
12.21

Good Ordinary ----Low Middling----------------M iddling-----------------------

2 0 ,7 7 7

124,218 47,918 161.259 333.395 1,297,298 365,955 1,228,S30 2,S92,0S3

Mon.

Sat.

Futures
Market
Closed.

Steady______
Very steady.
Steadv
Steady______
HOLIDAY
Steady______

H
O
1.
I
D
A
Y

Fri.
10.15
10.90
11.40
12.16
12.90
10.40
11.15
11.65
12.41
13.15
9.40
10.90
10.94
11.40

YORK.

Sales of Spot and Contract.
Con- Con­
Export sum'n. tract.

—

‘ 566
'3 5 6

16

500
600

Total.
'8 6 6

850
616

9,800 9,800
366 11,400 11,766

D

AT TH E INTERIOR TOW NS the movement— That is,
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.

FUTURES. —The highest, lowest and closing prices at
New York the past week have been as follows:
o

£

0}

K

0 5 0 ? Q j j - o s l ft -ric?
o P I O 3 I o * ^ o 3* I p e
* w ^ I 3* cn * cc 3
cc 3
3
3 * 5% 3 ?

jq ™ oq °

yq w

(T
P

5

ft

; ft* ^ —c? ft —c
:
O 3 ;•x . 3 : Ov''e3
a O -^
a;
3
i s s
3* 3-jq ©irq , 3*-^
R
q
-jq O C c iq C J °
C oe

-vi-sj

©
1

1©

1
©

1©

1
1

®

J 1
1 1
1 1

1 1
1 1

i.

1©
o o
© -J
•oe ro

1©
M
l

_

05 1
© |
• —
—
©©
be < 1
4* ©

© ©
O ft!
O
© to
I®
rmrn»' 1 ©
m—
O©
OO
OO be be be
•v] © © ©

1®
M«*
-» —
©© ©
©© © 1
>*© © l
—
■
M►
-* —
»
©o
©©
0c ©
©
© © © to
1©
\ *
— —9—
©©
be be ftl -vj
cc © —

1 (S'
• ©
1 oc
©©
©©
©©
|
©©
©©

^ ft

O£
as 3

3P

fc
3 00

oo
©©

13(i3

T H E C H R O N IC L E

. 1 1 9 0 6 .1

e c

**
-» — ©©
C © «U00
O
■,«\
I® I /a

'
O
i
© 1
—i
© 1
©
Ce
|

CJ *
*I
Ji 3
3 ft

3*

m

•a
s
•a
-t

m
3 r>

n
C
<

©$
■

© © H©
O
3 -0 00 C
0

l H
o- -

Co

Oe 00

oc o

p~

r>

► 0*2
3X
a o 3.® a'
3 C
3 £

*»-a
cs

©
© 1
© 1

d U ^ < =.» m -' r v S - m g v m p m
m
1
S
,
•oSN SoE eSi
3k
C O c. %
r
*< ----r
p'

x

-

II

© to C » *
o—
■
© -s] 3 O
>

U

,° Oc

c
21.
3
$ Q' 02.
O£ P
>
i *-t

•

© to

.

11

I

i

1 1

O ©
-si ©
O o©

1 ©

i

i

i®

11

| ®

t i
1 i

l®

O O
•si <1
© -s i

C©
h

*
vJ

!>

— S
S

o ©

Co
© ©

© 0C
■si ©
t— —
© ©

© be
4- ©
i_k
© ©

Cl *s3
-s3 ©
W
-.
© ©

■sj ©
• ©
—

© ©
© Cc

©
© ©

>
—
© 1
4X
©

©

1©
— W.
© ©

1®
*
—
©

-© ©

©

^ i
-si 1

t o to

© |
^3 i

© ©
—

CO 4^.
© 1
ftl
©
.

1 !

C iS

i©

to to

1®

g |

© ©

CO L
© ©
— w
-k
© ©
© i&
^ Oc

1 ©
— —
© ©
to C
O

I ^
-

Co
©

©

ft e

1 .7 0

11

©

© ©

1 .3 5

1 1

CS *si

cs -— to to

®
-4 ©
4S-©

©

» oo t—C *-*
—
J«
K

-T-

o o

o P.

1©
— —i
.
o o

1 ©

• g
CO q
?°s*

w w
ro co

- * re
© ©

O !
C
oo 1
kU ]

i

S

_

1 ©

1 ©

to
1 ^
1 ©

1 1
1 1
1
1

]
1

1
1
1
I

1
1
1
I

©
-s i
Oc

1 ©
M >*
—
© ©
bo ©
© to
1
1 o
©
-sj

CO
1 ®

o ©
bo be
H -O

!

©

-s| “ si
© 4—

1 ®
©
be

©

c

s i be
© Oe

.

© ©
CO ©

©
Gc

1 ®
©

j

o

1 ©

1 ®

I I
1 !

1
!

1
j

1 ®
l -

O

1 ®
1
—k
©

© "-s i
Oi. ©

©
©

i ®
—
©

«
!

I —*
! ©

I
1 ©

1 *
—
1 ©

; f—
1 ©

•si

©
©

©
to

Oe

1 ©

1 ®

1 ©

i ®

©

©

1 *
1 ©

1 »
1 ©

1
1

\ (§ •

fmm

sj

ze ©

I ©
- j —k
© ©

^ ©
s) ©

Co ©
© to

w
© — © *-*

©
© te © * * - ©
—
-4
j
k . © •v © Oc •vi ©
tk
© -0 © fti _ © © h
© © © © oc ce © © © -1 © © •u te
© ©
© © © ©
© © © © o © — © © 0 c (c ©

0C

1 ^
i e

H-k

1 o

1 ©
* *
—
©

}
1

1
1

© © £. -sj © to
>

1 kI ©

1 s
1 ©

,

to
si

©

I
1 ©

1
S

1
1

M- —
o o

! ®
—
L
© ©

©
45s

— —
© ©
4 x ifck
© ©

1

©

1 ©
©
s j
©

©

©

1 ©

CO
1 CO
1 ©

I

__ ___
©

i
1 -

1
1 ©

0 0 Oc

I-*
©
1 ©
f
—*
o
1 to

©
c
1 ©

Oc
1 ©

^>
-*

'C to to ^ © it*
s

h
*
© \U C*. M to

cs
.o
ft
*3

Co ocX © V j to Tu. or?— Co Oo?— 00
i
*
X t o © V j C V j C COV i O OS o* Oc O C C o"*fc.C C
O
O
S
O
~ Co>-* , 3 Co >U M Co Co cs C<
^ C oo Co C M > l\5 tc M © 00 Co © Co © OS to © © w
rt
O
—
tCo ©1C * J Co © *sj l o Q © © to 4^. oe Oo
On
C
Co
C © Ci © Cl © © -vl « © © © * to *vj
O
—

©

1
!

to
1 ®

re
©

! -I

I
1
1

C 00
O

to I
co
to
—
►
-*
C o * - C ; CS c;»to CJ to —
O
C »-» Co
C
to Co 0^.
Co Co Co ©
to
Co Co -si cs — © to -vl C
O
■ o , C J f t i ^ © - ^ C O » U W * - 4 P » © © ^ 1 0 0 © 0 i . O » © C l © i - J C o ^ ^ » t k ^ a 4 * 0 0 » U » U > -‘ ^ 0 0
o

> ©e
• < -»
3

©

© ►©
-*

oo ot h i oo cn — oi to p * O c L o ” ©
*3
O O o c c to t o > *
£
© to *-* M i c 't c - ) — >
—
•-* — oo • £ . cj os oo cs -«j - * to ©
—
co to © © c;« -o o © oc © co
cs oc © u- c;« to ©
■ — W -vl CJ 00 — oc -J to
»3
to 3 ftl © C» C © CJ ocC .U © ^ © Oj -vl C5 to d to i-* ©
O

I

1
J

• M I

- 1 ft i

Ci O

C o Co

© ©

7
T

:E

o i
I

-4 *l
s

®

o
o

5TgS
C 3 . •/3
: cc ■. P
£
22. P r.
-3 3 ?r
t: P v;

° p
5o
ft
'<

©
0C

to

©

*-*

I 1 | 4 to
— —

t—

© re -.1

—

—0 c

K
—
© © ©

tk
© © 0C © © © b-L ZC © -si ftl © ■o it*- • ©
i.
© l o Zo O ©
c;« © © © © 1
© © ,u -vi
l
© 4^ •v © © ►- © © c c OC
© re 1
© 00
t
—

itk4 © i •© to
^ —

© ©

C 4 © ©©
O -.

Js. t v —
0^ *
—
to
► © ftl © -0 -v3 CO Co C © © ©
U
O

© > - ‘ —* © © © © t O © t - * © C O © © © © © © 0 0 0 0 ) - * © > - ‘ ^3COH-‘ © © © © - 0 > - * C O

^ ~C
o

^ ^
S*s?*9
0}

OO

4i.©©©©©©©4i.tO'0c©©©©©©©©©©©©©©©^l©00©©©*“
O

© 4^. «K © <-4 © © © to t-4 © © © © - * © © © O © © — © ^ © * © -J to © *v * * ©
l
s.
—
3

s.

r §*
C o^

£
0C
©
Oc
.u
©
o

4—

©
©

1
'

©
©
-J
©

■

©

1 ^
1 ©

©
©
©

©
*
—
-si
© © © © © 4^.tC«— ©
k
—i-ki-k <1 k-i t e
© 4- © ©
c -si © © " © © * — © o X V i © © V i © " - i ? t . V i
© V -oc © ©
0t * - ‘ © - s J © - « l > — O © i - ‘ O © © © © C / T 4^ © k —C © © © C
^1 © © © © © © © © © Oo © © O © kt»- kt* © *-* © © © © ©

5
ft

c»s
*
“*
©
* ©
—
© * 4^. 4^ © © © © © © * — ©
—
*
© 4^ © © © © > - i 0C © - v l © —
© C “s i ^ i * s j © t e © © o c © © £ k . © o c e © c ; « © © - s i © O H - o © ^ © 4i - © o e
bo © Vi © — © © "© © oc 4^
V* * © © © © o r e © © ^ i © © © © cc V i X ©
—
© © C -si © © 4a. © © — © © oe © © C — © © © © -si C -U © © C © © © ©
. ^ 1 0 c © © C 4i.k— C C 4i s ] s ) t * C t k * - © ^ 1 © © © © © K —M © © » — >-*©
-k

0
ft,
a

•si
©
i i - J k -C k i©
© © V ^ © © 4^-?— ©
© W O * - k C > 4s © © ©
O O © Oo © C © 4i». ©
C c
re
©
©
©
C

s
ft.
a

o«»
■

r

■si
oc — 4*.
Vi © © oc © ©
- 1© © c © ©
« 4a . © 4s . ‘- * ©

te
©
reSP ©
o © t c »-*»-*© i-i
©
^ i © oc ^• s
—
£. © 4*.
^ ^ 5r
©
te > r e © © oo bo re X © Vi © © © h- X © © bo © 4^-© X © X 4^
t*
C
© c © © f t l © 4i . © © © 0 4 ^ © © - s i r e * s i © © © o c © © o r e ©
©
‘- * 4k k f t l © © © f t l © i — © © © 4k . © * s l © © © © ^ l © © k - ‘ 4i . © ©
• •
H
i
CC
>
-*
ts-M M M tcv-M -M L ;
t\5 00 ^ to
..Co
4i - © © © © H - k © © 4s . ©
© > U © © > —4i . © © 4Sk © © 4k. >t. © © 4k. © © ii. O 4-.
C
Cj
© © "© X X © b e © * © © © X © V i Vi — i-k © © © © © bo ©V*. © X V i © © oc © ©
’
t e © 02 © s-* o c t e © ► © © -4 © -4 i— © © *si © © © © - j -vi »-* -vi r c © ©
—
»
© o oc
© 4*.H-4i . © 4k*4i . © - s i - s i © © © - s l © t e © © © © © 0 0 © © 4i - ‘- k© f t ! © O 0 O c © ©
•

s:
o
ft
s
ft
a
**
*■

b
ft
I-*
t—
i
©
©
©

THE VISIBLE SUPPLY OF COTTON to-night, as made
up by cable and telegraph, is as follows. Foreign stocks, as
r*
©
well as the afloat, are this week's returns, and consequently
©
©
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
The above totals show that the interior stocks have i n ­
(Friday), we add the item of exports from the United States, c r e a s e d during the week 48,688 bales, and are to-night
including in it the exports of Friday only.
60,156 bales less than at the same period last year. The
1904.
1903.
1905.
N ovem b er 30—
1906.
562,000
379,000 receipts at all the towns have been 57,084 bales more than
777,000
Stock at L iv e r p o o l_______ bales, 507,000
9,000
15,000
2 0 ,0 0 0
Stock at L o n d o n ________________
8.000
34,000 the same week last year.
22,000
41,000
Stock at M anchester_____________
35,000
422,000

2,0 00

599,000
24,000
233,000
4 000
142,000
3.000

2,0 0 0

36,000
5,000

502,000

458,000

354,000

915,000 1,340,000 1,057,000
Total European stocks________
13,000
54,000
India cotton afloat for Europe___
80,000
841,000
626,000
American cotton afloat for Europe 941,579
63,000
71,000
Egypt.Brazil,Ac.,afloat for Europe
93,000
165.000
151
Stock in Alexandria, E g y p t _______________ 188,000,000
215,000
449,000
.Stock in Bom bay, I n d i a ________
335,000
985,482
Stock in U. S. p o r t s ______________1,149,786 1,292,424
766,146
667,389
Stock In U. S. interior towns_ __ 607,233
_
26,661
25,288
r . S. exports to-d a y _____________
45.433

776,000
26,000
933,000
51,000
171,000
115,000
887,758
504,406
85.236

Total Great Britain stock _____
Stock at H am burg______________
Stock at B re m e n ________________
Stock at A n tw e r p ______________
Stock at H avre__________________
Stock at Marseilles______________
Stock at B a rcelon a _____________
Stock at G enoa__________________
Stock at T rie ste_________________

550,000
12,000
182,000
______
114,000
4,000
6 .000
46.000
1,000

838,000
13,000
312,000

Total Continental stock s______

365,000

141,000
4,000
28,000

11,000

12,000

153,000
5,000
121,000
2 ,0 0 0

31,000
28,000
2 ,0 0 0

Total visible su pply___________ 4.355.031 4,677,474 4,130,916 3,552,400
Of the above, totals of American and other descriptions are as follows:
A m er ic a n —
293,000
426,000
674,000
508,000
Liverpool s t o c k ______ ____ bales
29,000
19,000
28.000
37,000
Manchester sto ck ___
_
____
393.000
317,000
Continental stock ________ _____
318,000
471,000
933,000
841,000
626,000
American afloat for E urope_
_
941 ,579
887,758
985.482
f . S. port sto ck s____________ . . 1 ,,149.786 1,292.424
504,406
766.146
667,389
L*. S. interior stock s_________ _ - 607,233
85,236
25,288
26,661
U. S. exports to -d a y ________ ____
45,433

OVERLAND MOVEMENT FOR THE W E E K AND
SINCE SEPT. 1.— We give below a statement showing
the overland movement for the week and since Sept. 1,
as made up from telegraphic reports Friday night. The
results for the week and since Sept. 1 in the last two years
are as follows:
----------1906---------- ---------------- 1905----------

N ovem b er 30—
S h ip p ed —

W eek .

S in ce
S ep t. 1.

W eek .

S in ce
S ep t. 1.

_ 23.351
St.TLouis___________ .
C a iro _ ____ ____
_
. .11,296
Rock Island
_
_ ____
. . 1,218
L ou isville_
_
3,044
758
Cincinnati.
_
_ _ _ __
other routes, <fec_ _______
_ 8,769

176,374
51,600
8,375
20,645
14,199
82,880

20,570
10,933
3.140
5,177
2,117
6,241

134,416
59,739
13,637
27,975
15,665
46,199

..4 8 ,4 3 6

354,073

48,178

297,631

Overland to N. Y ., Boston, A c . __ 7,271
. . 3,359
Between interior tow ns_____
2,085
Inland, & c., from South- .

21,827
16,897
13,531

9,542
623
5,803

39,720
5,220
17,947

Total to be deducted________ _ 12,715

52,2oo

15,968

62,887

Leaving total net ov erla n d .a ____ -35,721

301,818

32,210

234,744

Via
Via
Via
Via
Via
Via

Total gross o v e r la n d ______

D educt sh ip m en ts —

a Including movement by rail to Canada.

The foregoing shows the week's net overland movement
8 6 ,0 0 0 has been 35,721 bales, against 32,210 bales for the iveek last
9 ,000
5,000 year, and that for the season to date the aggregate net over­
37.000 land exhibits an increase from a year ago of 67,074 bales.
26,000

Total A m e rica n ______________ 3 ,516,031 3,794.474 :3,537,916 3,049,400

E ast In d ia n , B r a A l , <£c.—

Liverpool stock ........... .......... . .
London s t o c k __ _________ . _
Manchester stock . . , . ______ ___
Continental s to c k s ----------- ----- India afloat for Europe________
E gypt, Brazil, & c., afloat.
Stock in Alexandria, Egypt
Stock In B om bay, India______ _

$ i ,000
8 ,000

7 ,000
47,000
80,000
93,000
188.000
335,000

103,000
20,000

4,000
31,000
54,000
71,000
151,000
449,000

54,000
15,000
3,000
65,000
13,000
63,000
165,000
215,000

51,000
174,000
115,000

593,000
503,000
Total East India, A c .. .
883,000
839.000
Total A m e rica n ............... .......... 3 ,516.031 3,794,474 3,537,916 3,049,400
Total visible s u p p ly .. _________ 4 .355.031 4,077.474 4,130,916 3,552,400
6.48d.
Middling Upland, Liverpool___
4.77d.
6 19d.
6.i6d.
12.65c.
Middling UplAnd. New Y ork.
9c.
11.40c.
11.65c.
Egypt. Good Brown, Liverpool
10 V d . 8 9-16d. 8 15-16d. 8 15-lGd.
n
0.50(1.
Peruvian. Rough G ood. Liverpool
10.65d.
8 .7 0 d .
9.00d.
Broach. Fine, Liverpool . _____
5K d.
5 % d . 5 1-16d. 8 1- 1Gd.
5 3-16d. 5 15-lGd.
Tlnnevelly, G ood, L iv e r p o o l... .
5M d.
5 9-16d.

Continental imports past week have been 194..000 b a le s.
The above figures for 1906 show an increase over last week
of 258,310 bales, a loss of 322,443 bales from 1905, an
excess of 224,115 bales over 1904 and a gain of 802,631
over 1903.

■1906
In Sight and S p in n ers'
T a k in g s.

W eek .

S in ce.
S ep t. 1.

---------- 1905—
W eek.

S in c e
S e p t. 1.

Receipts at ports to N ov. 30
390,838 4,265,197
301,818
. 35,721
Net overland to N ov. 30.
611,000
Southern consumption to Nov. 56 . 47.000

322,610 4,036,203
234,744
32,210
46.000
605,000

.473,559 5,178,015
510.957
48,688

400,820 4,875,847
35,641
532,212

.522,247
............... 5,688,972
718,418
North, spinners’ takings to Nov.. 30.. 96,482

436,401
........... 5,408,159

Total m arketed__________
Interior stocks in excess. .........

—

Came Into sight during week.
Total in sight Nov. 30_____

120,836

834,063

Movement into sight in previous years:
W eek —

D a les.
S in ce S ep t. 1
1904 — Dec. 2 ...... .....................515,075 |1904— Dec. 2.
1903— Dec. 4 ........................... 468,451 1903— Dec. i

Dec. 5

1901- Dec. 6

391,626 1902

447.1 001 1901

Dec 5
Dec. 0

3aU s .

.6,162,816
-5,309,100
.5,309,286
.5,137,556

1364

THE CHRONICLE

Q U O T A T IO N S F O R M ID D L IN G C O T T O N A T O T H E R
M A R K E T S .— B elow are the closing q u ota tion s o f m iddlin g
co tto n at Southern and oth er principal co tto n m arkets fo r
each d ay o f the w eek:
C lo s in g Q u o ta tio n s fo r M id d lin g i C o tto n on
Week E n d in g
N ov.

S a l’d a y . M o n d a y .
30.
G alveston .
10%
11%
N ew O rle a n s.. 10 15-16 11 3-16
10%
M obile ............... 1 0 %
10%
S a v a n n ah _____ 1 0 %
10%
C harleston ____ 1 0 %
10 %
W ilm in g to n ... . 1 0 %
10 %
10M
11 .2 0
B oston ............... 1 1 . 1 0
11
B altim ore
11
11.45
11.65
P h ila d e lp h ia ___
___ 11 1-16 1 1 %
A u g u sta
,10 15-16
M e m p h is______ 1 0 %
11
S t. L o u is______ 1 0 %
H o u sto n . ___ 10 11-16 1 1 1-16
10%
L ittle H o c k ____ 1 0 %

T u e sd a y. W ed’d a y . T h u r s d ’y.

11 3-16
11%
11 3-16 11 3-16
10 11-16
10%
1 0 11-16
10%
10%
10%
10%
10%
11 %
11 %
11.40
11.40
11
11%
11.65
11.65
11%
11%
10 15-16 10 15-16
11
11
11 1-16
1 1 3-16
10%
10%

—
F r id a y .

%
%
11-16
10 15-16
10%
10%
11.40
11%
11.65
11%
1 0 15-16
11%
11%
10%

11
11
10

H
O
L,
I
D
A
Y

T he closing qu ota tion s to -d a y (F rid a y ) at oth er im p orta n t
S outhern m arkets were as follow s:

A t l a n t a ___________ 11 (M ontgom ery ______10 % I R a le ig h ____________10%
C olum bus, G a
10 % | N ash v ille__________ 10% |S h r e v e p o r t-------------10%

N E W O R L E A N S O P T IO N M A R K E T .— T he highest,
low est and closing q u ota tion s fo r leading op tion s in th e New
Orleans co tto n m ark et fo r the past w eek h a ve been as follow s:
S a t’d a y . M o n d a y , T u e sd ay, W e d 'd a y , T h u r s d 'y , F r i d a y ,
N ov.
N ov.
4. N o v .
N ov.
N ov.
N ov.

2

—R ange _ _
Closing
D e c e m b e r—
R ange ______
C lo s in g _____
J a n u a ry —
R a n g e.
Closing- . .
M a rc h —
R ange ______
C losing______
M ay—
R an g e ______
Closing ______
To n e —
Spot .
_ .
O ptions . . _ _

26.

27.

10.76
10.61-.
1 0 . 6 6 -.
10.63-.
10 69-.
10.73-.
10.79-.
10.87-.
10.93-.
F irm
S tead

— 11.04 —
7010.71- .96
6710.91-.92
7110.72-.98
7010.94-.95
8210.80-.08
8011.05-.06
9410.9S-.23
9411 19- .20
F irm .
y . S te ad y .

10.85 —
10.75-.00
10.75-.76
10.73-.03
10.75-. 76
10.83-.13
10.86-.87
10.99-. 25
1 1 .0 0 - .02
E asier.
B a ’ly s ’y

29.

30.

10.93 —
10.65-.81
10.81-.S3
10.66-.82
10.81-.82 H O L IDAY.
10.77-.92
10.92 —
11.07-. 15
11 06- .07
Q uiet.
S tead y .

--- =
--- ===--10.90-.02
10.91-.92
10.90-.02
10.90- .91
1 1 . 0 0 -. 13
1 1 .0 0 - . 0 1
11.17-.29
11.17-.18
F irm .
B a ’ly s ’y

28.

N ovem ber

W E A T H E R R E P O R T S B Y T E L E G R A P H .— R e p o rts to
us b y telegraph fro m the S outh this even in g den ote in the
m ain a con tin u ation o f w eather co n d itio n s fa v o ra b le to the
gath erin g and m ark etin g o f c o tto n . In con sequ ence pick ing
as a rule has m ade g o o d progress where n o t already finished
and co tto n has m o v e d quite freely to m ark et.
Galveston, Texas .— W e h a ve had rain on one d a y during
the w eek to the ex te n t o f one h u n d red th o f an in ch . T he
th erm om eter has averaged 64, ranging from 56 to 72.
Abilene, Texas .— W e h ave had ligh t rain on fo u r days
during the w eek , the rainfall b ein g n in ety -on e hun dredth s
o f an in ch . T he th erm om eter has ranged from 3.8 to 66,
averagin g 52.
Fort Worth, Texas. — R a in has fallen on tw o d ays o f the
w eek , to the ex ten t o f one in ch and fo r ty -tw o hun dredth s.
A verage th erm om eter 56, highest 72, low est 42.
Palestine, Texas. — R a in has fallen on tw o days o f the w eek,
to the ex ten t o f fifty -fo u r hun dredth s o f an in c h . T he th er­
m om eter has averaged 60, the highest b ein g 76 and the
low est 44.
Taylor, Texas. — R a in has fallen on tw o d ays o f the w eek ,
to the ex ten t o f n in ety-th ree h undredths o f an in ch . T he
th erm om eter has averaged 62, ranging from 46 to 78.
Corpus Christi, Texas. — W e h ave had h e a v y rain on three
d ays during the w eek , the rainfall b ein g tw o inches and
fifty -fo u r h u n d red th s. T he th erm om eter has ran ged from
56 to 74, averagin g 65.
San Antonio, Texas. — I t has rained on tw o d ays o f the
w eek , the rainfall b ein g eig h ty hun dredth s o f an in ch .
A verage th erm om eter 63, highest 74, low est 52.
■ •Shreveport , Louisiana .— W e h ave had rain on tw o claj^s
during th e w eek , th e rainfall b ein g n in ety-th ree h undredths
o f an in ch . T he th erm om eter has ranged fro m 44 to 77,
averagin g 60.
New Orleans, Louisiana .— W e h a ve h ad n o rain during the
w eek. T he th erm om eter has averaged 64.
Leland, M ississippi. — There has been n o rain th e past
w eek. T he th erm om eter has averaged 5 3 .3 , the highest
b ein g 71 and the low est 37.
Vicksburg, M ississippi. — W e h a ve h ad rain on one d a y
the past w eek , the rainfall b ein g seven h undredths o f an in ch .
T he th erm om eter has averaged 58, ranging fro m 40 to 77.
Helena, Arkansas. — C onsiderable co tto n is open in g.
There has been rain on one d a y du rin g the w eek , the p recip i­
ta tion bein g eleven h undredths o f an in ch and in d ica tion s
are n ow for rain. T h erm om eter has ranged from 36 to 70,
averagin g 49.3.
Memphis, Tennessee.— P ick in g and m ark etin g fa v o re d b y
fine w eather h ave progressed w ell. R a in has fallen on one
d ay during the w eek , the p recipitatin n b ein g tw elv e h u n ­
dredths o f an in ch . T he th erm om eter has averaged 5 0 .1 ,
he h ig h est b e in g 70 and the low est 3 5.3.
Nashville, Tennessee.— W e have had o n ly a trace o f rain
during the w eek. T he th erm om eter has averaged 47, ranging
from 31 to 65.

Lv o l .

l x x x iil .

Mobile, Alabama .— Fine w eather in the in terior and cotton
p ick in g has m ade g o o d progress. T here has been rain on
one d a y du rin g the w eek, the p recip ita tion being one h u n ­
dred th o f an in ch . T h erm om eter has ranged from 44 to 75,
averagin g 61.
Montgomery, Alabama.— P ickers are scarce, but the gath er­
ing o f the crop is n early co m p le te d . It has been d ry all th e
w eek. A verage th erm om eter 58, high est 74, low est 36.
Madison, Florida. — W e h ave had no rain during the w eek ,
T h e th erm om eter has ranged from 34 to 61, averagin g 58.
Savannah, Georgiai.— W e h ave h ad no rain th e past w eek .
T he th erm om eter has averaged 60, the highest being 78 and
the low est 40.
Charleston, South Carolina.— W e h ave had no rain du rin g
the w eek. The th erm om eter has ranged from 43 to 7 6 ,
averagin g 59.
Greenwood, South Carolina.— D ry all the w eek . A verage
th erm om eter 52, highest 65, low est 39.
Staleburg, South Carolina.-— T here has been no rain th e
past w eek, b u t the w eather has been co o l and fro sty . T h e
th erm om eter has averaged 56, th e highest being 77 and th e
low est 32.
Charlotte, North Carolina .— W e h a ve had no rain during th e
w eek. T he th erm om eter has averaged 53, ranging from
32 to 74.
Ardmore, Indian Territory.— T h e past w eek has been
clo u d y , w ith several light rains, interferin g w ith the m ark etin g
o f the crop .
F ully 7 5 % o f c o tto n has been p ick ed and
farm ers and m erchants h ave sold freely; con sequ en tly stock s
are sm all.
T he follow in g statem en t we h ave also received b y tele­
gra p h , show ing the height o f rivers at the p oin ts nam ed
at 8 a . m . o f the dates g iv e n :

N ew O rle a n s ___________A bove zero
M e m p h is ______________ A bove zero
N a sh v ille ______________ A bove zero
S h re v e p o rt_________ ...A b o v e zero
V ic k s b u rg _____________A bove zero

30 1906.
10.5
29.3
11.2
2.1
33 5

N ov.
F e e t.

of g a g u e .
of g a u g e .
of g a u g e .
of g a g u e .
of g a u g e .

1 1905.
5.7
7.4
13.6
9.1
12.2

D ec.
F e e l.

IN D IA C O T T O N M O V E M E N T F R O M A L L P O R T S .—
T he receipts o f co tto n at B o m b a y and th e shipm ents from all
In d ia ports fo r the w eek and fo r the season from S ept. 1 fo r
three years have been as follow s:
N ovem ber

29.
—

R e ce ipts at

B om bay . . .
E x p o rts fr o m

—

B om bay—
1905. __________
1904. _______ . .
C a lc u tta —
1906
1905_____ ______
1904
M adras—
1908_____ ._ _
1905____________
1904
A ll o th ers—
1906. ______
1905 ______ . . .
1904. __________
T o ta l all—
1906
1905 __________
1904. ________ .

W eek.

62,000

C on tin e n t.

S in c e
S e p t.

1. W eek.
229,000 63,000
'

T o ta l.

G re a t
B r it a i n .

11,000
8 ,0 0 0

1,0 0 0

1,0 0 0

2 ,0 0 0

1 ,0 0 0
1,0 0 0
1 ,0 0 0

1 ,0 0 0
1 ,0 0 0
1 ,0 0 0

2 ,0 0 0

3.000

2 ,6 6 6

13,000

14,666

11,000

13,000

1.
237,000
1.
T o ta l.

1 ,0 0 0
2 ,0 0 0

12,0 0 0
6 ,0 0 0

1 ,0 0 0
1 ,0 0 0

14,000
3,000
38,000
30,000
27,000

117,000
16,000
13,000
8 ,000
3,000
7,000
15,000
3,000
40,000
39,000
27,000

163,000
47,000

179,000
49,000

2 ,0 0 0

1,0 0 0
2 ,0 0 0

C ontin e n t.

cable n o t receiv ed
iY , 6 6 o lb",665 fioY.ooo
14,000
2 ,0 0 0
10,000

2 ,0 0 0

1,0 0 0

S in c e
S e p t.

S in c e S e p te m be r

F o r the W eek.
G re a t
B r it a in .

1904.

1905.

1906.
, S in c e
W eek.
S e p t. 1.
n o t | received

2 ,0 0 0

3,000
16,000
2 ,0 0 0

3,000
6 ,0 0 0

A ccord in g to the foreg oin g , B om bajr appears to sh ow an
________ com p a red w ith last year in th e w eek ’s receipts of
_____ bales. E x p o rts from all In d ia p orts record a _____ o f
19,000 bales during th e w eek and since Sept. 1 show an
_______ o f _____ bales.
N E W Y O R K Q U O T A T IO N S F O R 32 Y E A R S .
T he q u ota tion s fo r m iddlin g uplan d at N ew Y o rk on
N ov . 30 fo r each o f the p a st 32 years have been as follow s:

1906.C ..1 1 ,4 0 1898.C ____ 5.56 1S90.C - . _. 9 .4 4 1 1 8 8 2 .c_ ..1 0 .4 4
1005. _ __ 11.80 1897_______ 5.81 1 8 8 9 .____ -.1 0 .2 5 1 1 8 8 1 . . _ 1 2 . 0 0
1 9 0 4 .. __ __ 9.30 1896____ __ 7.68 1 SSS _ . _ 9.88 1 1 8 8 0 . . . . 1 2 . 0 0
1 9 0 3 .. . ...1 1 .6 5 1895 ._ _. 8.56 1SS7. . . . ..1 0 .5 6 i 1879 _____ . 12.50
1902 _____ 8.55 1894. . . . 5.81 1886_____ . 9.1911878.__ . __ 9.25
1 9 0 1 .. _ ._ 8 . 0 0 1S93. ____ 8.06 18S5_____ 9.44 11877____ .1 1 .3 1
1 9 0 0 .. _ ...1 0 .2 5 1892. . . . . 9.94 1884 . _ . 10.4411876. . _ 12.19
1 8 9 9 .. _____ 7.75 1891_______ 8.06 1S83____ . 10.56 1S75---- ..1 3 .1 2
N o te — Prices In years prio r to 1902 reu d ced to decim als. .

L IV E R P O O L C O T T O N E X C H A N G E .— New Building
Opened.— T he new b u ild in g fo r the L iv erp ool C otton E x ­
ch ange, erected at a co st o f a m illion and th ree-qu arters of
d ollars, was op en ed to -d a y b y the P rin ce o f W ales. In his
speech the P rin ce referred to th e efforts b ein g m ade to d evelop
th e cu ltiv a tio n o f B ritish -grow n c o tto n , w ith the o b je c t of
m ak in g the h om e co tto n spinners p a rtia lly in d ep en den t of
foreig n su p plies, and said he h ad fo llo w e d th e d evelop m en ts
w ith great in terest, and h op ed th e m o v em en t u ltim a tely
w ou ld b e successful.
F A L L R I V E R M IL L D I V ID E N D S IN 1 9 06.— In our
ed itoria l colum ns to -d a y w ill b e fo u n d an article under the
a b o v e ca p tion cov erin g the results fo r the year 1906.

K id .

T H E C H R O N IC L E

D e o . 1 1900. J

1906.
W ORLD'S SUPPLY AND TAK IN G S OF COTTON.The following brief but comprehensive statement indicates
■ 4 lbs. ShirtO
tugs, common
525 Cop
at a glance the world’s supply of cotton for the week and
to finest.
Twist.
since Sept. 1, for the last two seasons, from all sources from
d. s. d.
d.
which statistics are obtainable; also the takings, or amount Oct. d.
19 9 15- 1 0 ® 11 6 7 }i ®9 10
gone out of sight, for the like periods:
6 7 n ®9 10
26 9 15- 16® l i
1906.
Cotton Takings.
Week and Season.

W eek.

1 S eason .

Visible supply Nov. 2 3 ------------ 4.096,721
Visible supply Sept. 1--------------522“ 247
American in sight to Nov. 30 —
60.000
Bom bay receipts to Nov. 29 4.000
Other India shln’ts to Nov. 29__
43,000
Alexandria receipts to Nov. 2 8 ..
8.000
Other supply to N ov. 28 . a -------Total supply_________________ 4.733.96S
D ed u ct —

Visible supply N ov. 30------------- 4.355,031
378.937
307.937
71.000

Total takings to N ov. 30----------O f which A m erican_____ - Of which oth er. __
. ..

1905.
1 eason.
S

W eek .

4,535,561
436.461
62,000
3,000
42,700
11,000

2 ,545,470
5,108,159
229 ,000
62.000
339,700
137,00.0

8,289,128 5.090.722

8.721.329

1,784". i 56
5,688,972
221,000
60,000
410.000
125.000

4,355,031 4,677,474

4,677,474

3.934.097
3.071.097
863,000

4,043,855
3.252.155
791,700

413,248
354,548
5S ,700

1
a Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.

A L E X A N D R IA RECEIPTS AND SHIPMENTS
OF
COTTON.— Through arrangements made with Messrs.
Choremi, BenaehU<fc Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
A le x a n d r ia , E g y p t,
N ovem b er 2S.
R eceip ts (cantars a) —

This w e e k _______
Since Sept. 1_____

E x p o r ts (bales)—

To
To
To
To
2\
T

Liverpool______ __
Manchester
.. —
C o n tin e n t_
_ America

Total e x p o r t s ____

1906.

1905.

1904.

310,000
3,070,304

320,000
2,549,750

300,000
2,485,225

S in ce
T his
w eek . S ep t. 1.

S in ce
T his
w eek. S ep t. 1.

This
S in ce
w eek. S ep t. 1.

10,250
9,750
14,500
4,000

83,739 12,250
62,648 5,000
90,727 10,000
13,382 3,750

74,077
47,810
83,373
19,827

9,250
S_
,250
700

74,668
38,924
83,255
12,549

38,500 250,496 31,000 225,087 18,200 209,396

•

a A cantar is 9S lbs.

COTTON CROP ESTIM ATES.— Estimates on the cotton
crop of 1906-07 have been made by Cotton Exchanges and
firms as follows:
N e w Y o r k .— Announcement was made on the Cotton Ex­
change on Tuesday that the average estimate of 161 members
of the Exchange placed the present cotton crop at 12,457,000
bales, the highest estimate being 13,650,000 bales and the
lowest 11,250,000 bales.
Messrs. Latham, Alexander & Co., New York, made public
last week their estimate of the cotton crop of 1906-07, the
total reached being 12,150,000 bales.
Mr. R. L. XeilPs estimate is 13,780,000 bales.
Mr. J. L. McLaurin's estimate is 11,785,000 bales.
Messrs. Dick Brothers & Co. estimate the crop at 12,114,0 0 0 bales.
Messrs. Atwood, Violett & Co.'s estimate is 11,666,871
bales.
Messrs. Gwathmey & Co. expect 12,725,000 bales.
Messrs. Edward Moyse & Co. estimate the crop at 12,635,0 0 0 bales.
Mr. Charles C. Cowan puts the crop at 14,015,000 bales.
The Southern Cotton Association estimates it at 11,140,000
bales.
M e m p h i s .— The estimate of 127 members of the Cotton
Exchange averages 12,682,596 bales, the highest being 14,156,000 bales and the lowest 11,375,000 bales.

Nov
2 9 ;s
9 9 7s
16 10
s
23 10V
30 10 A

®
©
©
©

io n 6

10 S
107s
11
11

6
6
6
6

7

7
S
8

9
9
9
m
@9 10
@9 10

@9

1905.
Cot'll
M id
Vpl's

d.

j 1 lbs. ShirtU

325 Cop
Twist.

cl.

0.33 s.L
6.12 S!i

®
©

5.80
5.75
5.85
5.99
0.19

©
©
©

BX
BA
8H

C)
O

9

©

Col'll
M id
l pi's

lugs, common
to f inest

s. d.
d. s. d.
9 6 0 ©8 10 A
0
9K 6 1a m
9M 6
9M 0
on 6
0
9;, 6

va

m

3 A ©9
3 @9
4 A ©9

5

©9

0
3

0
4A

5

d.
5.42
5.71
5.91
0.16
5.93
6.11
6.16

S H I P P I N G N E W S .— A s s h o w n o n a p r e v io u s p a g e , th e
e x p o r t s o f c o t t o n fr o m th e U n ite d S ta te s th e p a s t w e e k h a v e
r e a c h e d 3 3 3 ,3 9 5 b a l e s .
T h e s h i p m e n t s in d e t a i l , a s m a d e u p
f r o m m a il a n d t e l e g r a p h i c r e t u r n s , a r e a s f o l l o w s :
T otal bales.

N E W Y O R K — T o Liverpool— N ov. 26— B ovic, 180 upland, 71 Sea
257
Is la n d _______________________________________________________
200
T o London— Nov. 23— Minnehaha, 200.... . _________ _____
T o Havre— N ov. 23— St. Laurent, 2,556------N ov. 24— La
4,155
Gascogne, 1,599_____________________________________________
258
T o Bremen— N ov. 26— Main, 258_____________________________
512
T o Hamburg— N ov. 24— Batavia, 512________________________
T o Barcelona— N ov. 28— Egremont Castle, 1,839_________ - 1,839
T o Naples— Nov. 28— Cedric, 951_____________________________
951
T o Venice— Nov. 23— Sofia Hohenberg, 2 0 0 . ___ _____________
200
N EW O RLEAN S— T o Liverpool— N.ov. 23— Californian. 14,866
____N ov. 27— Norseman, 21,330; W ayfarer, 20,620________ 56,810
T o Leith— N ov. 26— Mill pool, 1 7 5 .___________________________
175
T o London— Nov. 27— Michigan, 600_________________________
600
T o Havre— N ov. 23— Manchester Shipper, 11,595____N ov. 27
— Michigan, 14,500____________________________________ A____ 26,095
T o Bremen— N ov. 24— Mariner, 9,177____Nov. 26— Merchant
Prince, 8,816____N ov. 30— Missouri, 20,416________________ 38,349
T o Hamburg— Nov. 26— H jortholm , 200; Rapailo, 1,567_____
1,767
T o Antwerp— N ov. 27— Bellena, 238 ___ Nov. 29— Foston, 250
488
T o Genoa— N ov. 23— Teesbrklge, 10,781_____________ ______ 10,781
T o Trieste— N ov. 28— Carolina. 700__________________________
700
T o Fiume— Nov. 28— Carolina, 8,000_________________________
8,000
G ALVESTO N — T o Liverpool— N ov. 24— Irak, 15,291____N ov. 26
— Logician, 10,715____N ov. 28— Barbadian. 7,992_________ 33,998
T o Manchester— N ov. 27— Ramon de Larrinaga, 5,838_______
5,838
T o Havre— N ov. 24— Nembe, 7,607____Nov. 27— Teodora de
Larrinaga, 10,061___________________ ____ _________ _________ 17,668
T o Bremen— N ov. 27— Industry, 10,463; Linfield, 8,683_____ 19,146
T o Hamburg— N ov. 24— Aldgate, 672________________________
672
T o Antwerp— N ov. 23— Penrith Castle, 3 ,406________________ 3,406
T o Barcelona— N ov. 28— Maria, 1,129________________________
1,129
To Venice— Nov. 28— Maria, 1,185____________________________ 1,185
To Trieste— Nov. 28— Maria, 1,600__________________ _________
1,600
T o Fiume— Nov. 28— Maria, 769_____________________________
769
SAVAN N AH — T o Manchester— N ov. 24— Lincairn, 5,947 upland
1,000 Sea Island______________________________________________
6,947
T o Bremen— Nov. 24— Asgard, 8,617; South Australian, 13,470
Nov. 28— Parana, 8 ,9 5 4 .__________________________________ 31,041
T o Reval— Nov. 24— Asgard, 500; South Australian, 110____
Nov. 28— Parana, 300______________________________________
910
226
T o Riga— Nov. 28— Parana, 226______________________________
T o Gefle— Nov. 24— Asgard, 400___________________ , __________
400
T o Uddevalla— Nov. 28— Parana, 100________________________
100
T o Christiana— N ov. 24— South Australian, 200______________
200
T o Barcelona— N ov. 28— Eugenia, 6,194______________________ 6 194
T o Trieste— Nov. 28— Eugenia, 3,463_________________________
3 463
T o Venice— N ov. 28— Eugenia, 450____________________________
450
T o Fiume— Nov. 28— Eugenia, 1,688_________________________
1 ,688
BRU N SW ICK — T o Bremen— N ov. 29— Candleshoe, 12,037______ 12,037
C H A R LE STO N — T o Bremen— N ov. 24— W ittekind, 10,3 49______ 10,349
W ILM iN GTON — T o Liverpool— N ov. 26— Zamora, 9,549________
9,549
BOSTON— T o Liverpool— N ov. 26— Ivernia, 2,160____N ov. 27—
Devonian, 1 ,1 8 5 __________________________
3,345
T o Manchester— Nov. 23— Bostonian, 394____________________
394
T o Yarmouth— Nov. 23— Prince George, 7 9 ___________________
79
B A L T IM O R E — T o Liverpool— N ov. 23— Ldstermore, 1,414______
1,414
T o Bremen— Nov. 27— Cassel, 2,245__________________________
2,245
P H IL A D E L P H IA — T o Liverpool— N ov. 26— Haverford, 4,504___ 4,504
T o Manchester— Nov. 27— Manchester Exchange, 181_______
181
125
SE A T T L E — T o Japan— N ov. 27— Aki Maru, 125__________________
T ota l..................................
..333,395
T h e p a r tic u la r s o f th e fo r e g o in g s h ip m e n ts fo r th e w e e k ,
a r r a n g e d in o u r u s u a l f o r m , a r e a s f o l l o w s :
C er ------ Oth. E u ro pc — M e x ..
Great F ren ch
B rita in . p o rts . m a n y. N orth . S outh.
& c. J a p a n .
T o ta l.
New Y ork ____________ 457
770 2,990
____
8,37 2
4,155
New Orleans___ 57,591 26,095 40,116
143,771
488 19,481
85,411
G a lv eston _____ 39,836 17,668 19,818 3,406 4,683
31,041 1,836 11,795
51,619
S a v a n n a h ______ 6,947
12,037
B ru n s w ick ____ ____
12,037
____
____
10,349
C h a rle sto n ____ ____
10.349
____
____
9,549
W ilm ington_____ 9,549
Boston _______ 3,739
3,818
79
3,659
B a ltim ore _____ 1,414
2,245
4,685
Philadelphia___ 4,685
125
125
Seattle _______ ____
T o t a l ______ 124,218 47,918 116,376

8,720 35,959

79

125 333.395

EGYPTIAN CROP.— Messrs. Choremi, Benachi & Co. of
The exports to Japan since Sept. 1 have been 36,372 bales
Boston, and Alexandria, Egypt, furnish us the resume of
answers received by the Alexandria General Produce Asso­ from Pacific ports.
ciation in October as follows:
Cotton freights at New York the past week have been as
The month of October, except for one or two days rain, has been one of follows, quotations being in cents per 100 lbs:
good, even temperature, which has greatly benefited the cotton cron.
Pods were matur
conditions, so that In the Central
and Southern Provinces of the Delta the first and second pickings are al­
most- entirely finished. Their yields are superior to those of 1905. and
satisfactory r ^ i lt s are expected in the Northern Provinces; but In these
picking will be continued for several days. The third pickings are. as usual
each year. Irregular, insignificant in many places; but in others they will
give a more or less appreciable increase. Since our last report, ginning
yields have shown 1% to 114% better results. In Upper Egypt and
Fayoum crop returns are very' satisfactory, and the yield per feddan will
be much In excess of last year, which will fully compensate, and perhaps
more than compensate for the decrease In acreage. From t he foregoing
satisfactory Information there is every hone for a good result, which we
estimate from 8,500.000 cantars to 6,750,000 cantars.

S a t.

Liverpool _______ . c .
18
M anchester_____ _c.
20
H a v r e __________ -C.
22 X
Bremen _ _ ___ . c .
25
25
H a m b u r g ___ __ . c.
Antwerp . .
20
-C.
Ghent , via A nt. - . c.
26
R ev a l, Indirect.. -C. 28 © 30
R ev al. via Canal. . c.
B arcelona______ c.
31
Genoa __________ -C.
25
32
Trieste _ ......... _ -C.
Japan.................. _c.
45

M on.

T u es.

28 ©30

18
20
22 X
25
25
20
26
28 ©30

31
25
32
45

W ed ,

31
25
32
45

18
20

22 A

25
25
20
26

18
20

22 A

25
25
20
26
28 ©30
31

T h u rs.

H
O
L
I
D
A
Y

26

82
45

F r l.

18
20
22 A
25
25
20
26
28 @ 30
31
25
32
45

JUTE BUTTS, BAGGING, ETC.— The demand for bag­
L I V E R P O O L . — B y C!able from Liverpool we have the fol—
ging during the past week has been unimportant, with prices lowing statement o f the week’s sale-s f stocks, & c . , at that port:
unchanged, however, at 8 % c . for 1% lbs. and 9 }/%<■. for
N o v . 16.
N o v . 23.
N o v . 9.
N o v . 30.
2 lbs., standard grades.
Jute butts continue dull at 3(h 4c. Sales of 1he week ____ bales . 54,000
54 ,000
46,000
36.000
2 ,000
2 ,000
1 ,000
2 ,000
Of which speculators took
for bagging quality.
1 ,000
2,000
3,000
1 ,000
Of which exporters took.
MANCHESTER M AR K ET.— Our report received by
cable to-night from Manchester states that the market
is steady for yarns and quiet for shirtings. Spinners are
considered to be well under contract. Wc give the prices
for to-day below and leave those for previous weeks of
this and last year for comparison:

Sales, Am erican............. ..
9 ,000
Actual export ................. ..........
F orw a rd ed ............. ........
..... _ 86,000
.326,000
Total vtock— Estimated
Of which American— Est. _ 246,000
. 126,000
Total Import o f the week.

4 60.000
Amount afloat .
Of wh;ch American_______ .404.000

45,000
7,000
11 4 .000
339 .000
262.000
183 .000
104 .000
493.000
448,000

38.000
0.0 0 0

95.000
428 ,000
847 .000
194 .000
173,000
451 .000
407,000

28,000
10,000
73,000

5 0 7 .0 0 0

426.000
162.000
137,000
471 .000
396,000

1366

T H E CH RONICLE.

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:
S p o t.

S atu rd ay.

M onday.

T u esd a y.

W ed ' d a y .

T h u rsd a y .

Market, 1
12:15 ]
P. M. J

Dull.

Dull.

Quiet.

Moderate
demand.

Moderate
demand.

Mid.Upl’ds

6.09

6.08

6.21

6.13

6 19

Sales-----Spec.&exp.

4,000
400

5,000
500

6,000
500

8,000
700

F r id a y .

8,000
500

Quiet at
F u tu res.
Market 1 7 @8 pts.
opened, j advance.

Irreg. at
1 @3 pts.
advance.

H
O
I,

Steady at Steady at Steady at
4 points 5 @7 pts. 2 @3 pts.
advance.
decline.
advance.

D
A
Y

Market, 1 Steady at Very st’y Quiet at Steady at Very st’y
4
] 6 @8 pts. at 5 @7% % @5 pts. 3 @7% at 6% @10
P. M. J advance. pts. adv. advance. pts. dec. pts. adv.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
T h e p r i c e s a r e g i v e n i n p e n c e a n d lOOths.
T hu s'. 5 86 m e a n s 5 86-lOOch
Nov. 24

M on.

Sat.

Tues.

Wed.

T h u rs .

Fri.

to

Nov. 30. 12% 12% 12% 4 12% 4 12% 4 12% 4 12% 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
November
Nov.-Dec.
Dec.-Jan _
Jan.-Feb.
Feb.-Mch.
Mcli.-Apr.
Apr.-May
May-June
.1une-.July
July-Aug.
Aug.-Sept
Sept.-Oct.
Oct.-Nov.

a.

----

5
5
5
5
5
5
5
5
5
5
5
5
5

a.

86%
74
70
68%
69%
70%
72
73%
75
76%
69%
58
51

d.

d.

86 93
73 80
69% 76 %
68% 75%
69 % 76%
70 % 77%
72% 79%
74 81
75% 82%
77 84
70 77
55 63
48 56

d.

01
87%
84
83
84
85
86%
88
89%
90%
81
67
60

d.

98
85
81
80
81
72
83%
8o%
86%
87 %
78%
63%
56%

d.

95%
82
76%
75%
76
77
79
80%
81 %
82%
74 %
59
52

d.

d.

95 97 %
82 85
76 78
75 76%
76 78
76% 78%
78% 80%
80% 81%
81% 82%
82 %.83 %
74 % 76
57 54
49 53

a.

a.

90
85
84
85
86%
88%
90%
91 %
92%
84%
56%
58%

a.

H
0
L
:
D
A
Y

BREAD STUFFS.
F r id a y N ig h t, N o v . 30 1906.
Prices for wheat flour have ruled steady, with some in­
crease in the demand, though the volume of business is still
far from being active. Export trade has continued quiet,
though the exports from the seaboard of late have been lib­
eral. A t the Northwest higher quotations are being se­
cured, it is reported, but the buying has been quiet. The
output of the mills there is materially smaller than at this
time last year. Rye flour has been more active with prices
firm. Corn meal has been firm with a better export demand.
In wheat the fluctuations during the week have been con­
fined to moderate if not narrow limits, and the net changes
are therefore slight. The light receipts at the Northwest
have been one of the principal bullish factors, although of
late they have increased somewhat. On the other hand,
the world’s exports last week proved to be unexpectedly
large, and the fear of December liquidation both here and
at the W est has also hung over the market with a more or
less depressing effect. Y e t the export trade has at times
been somewhat better, the actual exports from this country
have reached a liberal aggregate and the weather at the W est
at times has been rainy. A Kansas State report in regard
to the winter-wheat condition was in the main favorable.
But if we consider the primary receipts and the exports,
they are factors which have on the whole been regarded as
bullish. Roughly speaking, however, the market has been
for the most part in a waiting attitude, bullish and bearish
influences about balancing each other for the time being.
In the judgment of not a few, the immediate future of prices
may be shaped largely by the size of the deliveries on Decem­
ber contracts to-morrow. Meantime if the crop is large the
actual movement for one cause or another, partly on account
of car shortage, is so small that the big crop fails to exert
any particularly depressing effect. To-day prices were
easier, owing to lower cables, larger receipts, bearish Argen­
tine crop reports, favorable weather and liquidation.

DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
S a t.

M on.

T u es.

W ed . T hu rs.

F ri.

80%
No. 2 red winter . . . ------ . -81 Vs 82% 81 % 81%
.81 % SI Vs 80% 80% Holi- 80%
December delivery in elevator..
-84% 84% 84% 84% day. S4%
May delivery in elevator ----DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
S a t.

M on.

T u es.

W ed . T h u rs.

F ri.

73% 73% 72%
72 bi
December delivery in elevator. . _ .73
.78% 78% 78% 78
Holi- 78%
May delivery in elevator- . -77% 78
78
77% day. 77%
July delivery in elevator- . _
Indian corn futures have advanced, owing to the smallness
of receipts and available supplies. Shorts have covered,
and there has been little inclination to sell for the short
account on account of the strength of the statistical position.
Farmers seem disposed to hold for higher prices, though the
small receipts are traceable partly to car shortage. There
has been a better cash demand at times, and cash prices have
been strong. To-day the market was easier, owing to re­
ports of larger country acceptances, selling by receiving
houses and liquidation.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
S a t.

Cash corn__ __
_____ ...5 3 %
December delivery in elevator. . ...5 2 %
-lanuary delivery in elevator___
_51
May delivery in elevator.. . ___ --.50%

M on.

53%
52%
51%
50%

T u es.

53
52%
51%
50%

W ed . T h u rs.

53
53
Holi51% day.
51 H

F rl.

53%
52%
50%

[ V O L . I.X X X I I1,

DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
S a t.

December delivery in elevator_____ 42
May delivery in elevator_________ 43 j^
July delivery In elevator___ ______ 44

M on.
42 V*

T u es.

W ed . T h u rs.

43
43 % 43%
44 % 44%

43L*
43%
44%

F ri.

4z y *
Hoii- 43%
day. 44%

Oats for future delivery in the* Western marketjhave ruled
steady in the main. The receipts have been moderate and
cash market has been firm, but there has been considerable
liquidation at times. The market is considered by many
to be overbought and the bull side at the moment is certainly
not popular. T o-day the tone was easier, influenced b jr
reports of larger country acceptances, increasing stocks,
liquidation in the May option and the fact that the cash
demand was of small proportions.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
,
S a t.
M on.
T u es.
W ed . T h u rs.
F ri.
Mixed, 26 to 32 lbs__
39
39
39
39
39
White clipped, 36 to 38
Holl­
ies ..................... _.39%-41% 39%-41 % 39%-41% 38-40 day. 38-40
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
S a t.

33 %
34 %
.32%

M on.

T u es.

33%
35
32%

W ed . T h u rs.

33%
34%
32%

F ri.

33%
84 % Hob32 % day.

33
34%
33

The following are the closing quotations
FLOUR.
80 @$3 15 Kansas straights.......... $3 55 @.$3 75
65 @ 2 75 Kansas clears_________ 3 35 @ 3 30
3 40 @ 3 65 Blended patents______ 4 35 @ 5 00
3 65 @ 3 75 Rye f l o t r ...__________ 3 75 @ 4 15
3 95 @ 4 25 Buckwheat flour_____ 2 25 @ 2 30
3 60 @ 3 851Graham flour_________ 2 90 @ 3 75
3 80 @ 3 90] Cornmeal______ _____ 2 70 @ 2 75
GRAIN.
Wheat, per bush.—
c.
]Corn, per bush.—
. c.
N. Duluth, No. 1_____ _ 83% 1 No. 2 mixed_________ f.o.b.53%
N. Duluth, No. 2. I.o.b. 82% ] No. 2 yellow ________ f.o.b .54%
Red winter. No. 2 f.o.b.
80% I No. 2 white__________ I.o.b.54%
Hard “
“
I.o.b. 77%
Rye, per bush,—
Oats—Mixed, bush.—
No. 2 Western________
65 %
No. 2 white_________ 39% @40
State and Jersey_____ Nominal.
No. 2 mixed________
39
Barley—Western______ Nominal.
No. 2 white clipped
38% @40
Feeding_______________
45
Low grades____
Second clears-_
Clears ________
Straights____
Patent, spring.
Patent, winter.
Kansas patents

$2
2

The statements of the m ovement of breadstuff's to market as
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 Aug. 1, for each of the last three years, have been:
R e c eip ts at —

Chicago___
Milwaukee. _
Duluth____
Minneapolis.
Toledo ..
Detroit _
Cleveland__
St. Louis__
Peoria____
Kansas City.

F lo u r .

W h ea l.

60 lbs.
326.000
213,840
2,045,167
1,915,030
54.000
17,320
20,037
309,219
10,800
674.000

bbls,196lbs bush.

Totai week
Same wk. ’05
Samewk. ’04

167,534
88,725
101,150
2,600
1,S88
56,435
11,850

430,1S2
621,454
467,509

C o rn .

O a ts.

56 lbs.
1,605,948
34,200

32 lbs.
1.851,873
190,400
80,113
733.140
81,200
98.299
105.570
4-32,000
1S9.000
94.800

R ye.

526,075
611.900
542,762
443,540

56 lbs.
51,378
44.800
17.944
62.810
600

4,500
58,500
59,000

11,333
7,000

3,856,395 2,246,277
3,989,113 2,772,061
2,613,895 2,053,076

bush.

195.865
303,682
220,300

bush.

42,900
155.000
195,827
257,744
328,410
286.000
235,000

5,585,413
8,005.200
6,377,653

B a rley .

3.141,029
4,880.682
4,755,900

bush.4Slbs. bu.

Since Aug. 1
1906____ 8,330,713 105,327.933 59,016,350 84.8.36,098 28,597,661 2,921,697
1905____ 8,494,156 117,851,058 58,817,772 101.070,726 38,934,739 4.119.614
1904____ 7,244,993 112,272,723 50,394,515] 76.S23.4S3 34,822,952 3,917.767
1
Total receipts of flour and grain at the seaboard ports for
the week ended N ov. 24 1906 follows:
F lo u r ,

R e c e i p t s a t—
bbls.
New York. _
149,955
___ - 76.373
Boston
Portland__ .. _
510
Philadelphia____
77,508
Baltimore—. _. - 66,988
Richmond
8.S89
Newport News. .
38,803
New Orleans- 0 __
11,257
Galveston_______ ____
Montreal___ ___ 16,304
Mobile .,
____
3,661

W h ea t,
bush.

809,400
714,052
138.000
633,116
149.33S
27.82S
32,200
161.000
698.093

C o rn ,
btish.

O ats,
bush.

B a riev ,
bush.

371.950
119.6S4

619,300 239,500
86,305

SI,732
262,105
22,946
124,285
99,000
191.000
157,186
20.925

153,286
86.9S9
78,836

2,000

R ye
bush-

975
1.625
4.000
16.923

82,200
13.685
750

68,448

Total week ..
Week 1905 -----

450,248 3.363,027 1,450.813 1,124.351 309,948 23.525
481,113 3,399,648 2,481,505 1,972,900 921,718 82,419
a Receipts do not include grain passing through New Orleans lor foreign ports
on through bills of lading.
Total receipts at ports from Jan. 1 to Nov. 24 compare
as follows for four years:
R eceip ts o f —
1906.
Flour--------------------- bb!s. 16,029,006

Wheat-------------------- bush. 96,538,825
C om ----------------------------- 88,115,053
Oats------------------------------ 72,2S2,S2S
Barley _________________ 4.788,231
Rye____________________ 1,443.470

1905.
12,395,581

1904.
15,494,292

1903.
19,631,131

40,761,77S 37,785,382
93,582,569
88,747,115 46,613,975 94,630,137
65,083.105 43,958,876 48,375,215
10.998,611
6,403,120
3.912.594
1,264.110
1,032.421
3,826.182

Total grain-------------------263,168,407 206,854,719

135,823,774 244,326,697

The exports from the several seaboard ports for the week
ending N ov. 24 1906 are shown in the annexed statement:
E x p o rts from —

W h ea l,
bush.

C o rn ,
bush.

_ 835,640 13S.649
_ 138,000
- 162,710
Boston ,
25,714
Philadelnhia — . 114,663
51.428
Baltimore_____
104.707
______ . _ _
124,285
Newport News. New Orleans__ - 176,000
79.10S
. 144.S60
6,424
Galveston .
- 555,359 145.037
Montreal..
20.925
Mobile_______ - -------Total week— -2.127.232 696.277
Same time 1905- -1.694.9S8 1,197,327
New Y ork __

F lo u r ,
bbls.

53,916
510
28,780
41,449
9.36S
38,803
10,141
1,794
10,872
3,661

Oats,
bush.

R ye,
busk.

B a r le y ,
bush.

16,315 26,791 36.569

P ea s.
bush.

9,779
8.591

15,040
45,743

7S0

__ _

750

18,452

5,067

—

199.294
77,S4S 26,791 55,021 24,217
247.085 1,306,S95
624,264 ii,B s

De o . L 1906.j

THE CHRONICLE

The destination of these exports for the week and since
July 1 1906 is as below:

--------- F lo u r ---------------------- Wheat------------------------- Corn -----------Since
Since
Since
Week
J u ly 1
Week
J u ly 1
Week
J u ly 1
E x p o rts /o r week a nd N ov.24 .
1906. N o r . 24.
1900. N ov. 24.
1900.
since J u ly l to—
bbls.
bbls.
bush.
bush.
bush.
bush.
United K ingdom .. .112,342 2.521,093 982,133 22,772.171 290,749 7,205.730
C ontinent. . . . . . 36,309 979.119 1,133.599 21,135,S30 351.051 9.275,907
So. and Cent. Am er. 13.517 303,SOS
2.500
0S.126
300 280,070
W est In d ie s .. . . . . 32,581 514.823
1.000
5,010 51.117 799.700
B rit. Xo. Am. C ols.. 3,370 41.870
8.000
8.000 ............
29.021
O ther countries.__ 1,175 103.9S2 ______
102.317 ______
140.205
Total
...199,294 1.498.086 2,127.232 11.152,057 090.277 17,730,759
Total 1905
____ 217.085 3.77S.691 1.694,OSS 17.720.34S 1.197,327 21,829,010
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports Nov. 24 1906, was as follows:

TF/ifaf,
bush.
New York.
_____ . 1.694,000
" afloat______
200.000
Boston
. . _____
P hilad elp h ia..............
640.000
B altim ore__________ . 826,000
583.000
Now Orleans . . . ___
Galveston...................... . 1.129,000
Montreal __________ . 182,000
3,000
T o ro n to ...........
Buffalo_____________ . 3,100,000
'■ afloat______
T o le d o ....... ................... . 763,000
*' afloat______
516.000
D e tro it........... .............
" afloat______
. 9.023.000
“ afloat______
M ilwaukee_______ .. . S32.000
“ afloat_____
Fort- W illiam ________ I 2,3 s i ".66o
Port A rthur________ . 1.4S4.000
D u lu th _____ _______ - 4.342.000
" afloat_____
Minneapolis . . . . . . - 1.S51,666
St. Louis____ _______ . 3.686.000
•' afloat_____
Kansas C ity .............. I 3.744,000
Peoria______________ - 206,000
Indianapolis.- . ___ . 329.000
On Mississippi R iver.
On Lakes . ____ ____ . 3.706,666
On Canal and River. . 353.000
Total Xov. 24 1906. -41.645,000
Total Xov. 17 1900. .39.370,000
Total Xov. 25 1905- -35,957,000
Total Xov. 20 1901. -35,595,000
Total Xov. 2S 1903. .30,150,000
Total Xov 29 1902. .45.083,000

C orn,
bush.

Oats,
bush.

305.000
122.000
31.000
597.000
227.000
114.000
106.000
306,000
220,000
230.000
101,000
1,000

781.000
10,000
117.000
302.000
172.000
26",666
4,000
821.000
1.374,000
54,000
1.526,000
565.000

—
21,000
33.000
160,000
59.000
12S.000
214,000

S74.000
3,382,000
885,000
156.000
1,023,000
35.000
85,000
464,000
12,662,000
11.248.000
2S.59S.000
24,232,000
9.584,000
7.054,000

2,978.000
2.S5S.OOO
5,576.000
1,852.000
5,867,000
2.93S.000

Rye.
bush.

43,000

B a rle y.
bush.

40,000

2,000
122,000
’ 1,666
4 IS,000
16,000
05,000
564,000
9,000

<52’,666
685,000
1,000

152,000

224,000 1,1 SO .000
69,000 176,000
6.000
21,000
30,000
65,000 1,644,000
509.000
1,634,000 4,470,000
1.632.000 4,286,000
2.080,000 6,060,000
1.870.000 6,038,000
1,127,000 5,637,000
1,256,000 3,831,000

TH E DRY GOODS TRAD E.
New York, Friday Night, Nov. 30 1906.
A large business has been transacted in the cotton goods
market during the week, and the usual quietness that pre­
cedes a holiday was not at all in evidence. All classes of
buyers, including converters, jobbers, cutters and retailers,
seem to be in need of goods, and under the influence of their
pui chases prices have again been forced upwards. The
orders placed have necessarily been for future delivery, for
supplies for anything like near-by shipment are almost en­
tirely lacking. Contracts have again been for more distant
shipment than heretofore and mills are becoming more and
more sold ahead. That advances have not been more radical
is due almost entirely to the fact that there are few goods
offered for sale, and it seems reasonably certain that still
higher prices will be recorded when agents have anything to
offer. More New England mills have granted increased
wages to the operatives, and this of itself is regarded as con­
firmation of the sold-up condition of the mills, and of the
fact that prices to manufacturers have been so remunerative
that they could not afford to run the risk of a strike at the
present time. Complaints of an insufficiency of labor,
especially in the South, are constantly increasing, and cur­
tailment of production is becoming more pronounced. A
particularly encouraging feature of the week has been the
receipt of some inquiries for light-weight sheetings from
China— the first in a long while— and reports from that
country to the effect that stocks are moving more freely
into consumers’ hands. The woolen and worsted goods
market has been generally quiet.
DOMESTIC COTTON GOODS.— The exports of cotton
goods from this port for the week ending Nov. 24 were 16,611
packages, valued at $866,501, their destination being to the
points specified in the tables below:

1906-------S in c e
N e w Y o rk to X o r . 24.
Week
J a n . 1.
G reat B rita in _______________________
97
1,455
O th e r E u ro p ean ........................ .......
12
1,220
C h in a _______________ ________ ____
. .6.585 89,843
In d ia _________________. . . _____ . . . . 844 12,195
A r a b ia .........................................................
A frica ...................... ................................. 1.012 50.721
13,316
W est I n d ie s ___________ ________
1,041 26,518
M exico____ _____________________
56
1,938
C en tral A m erica_____ _____________ - - . 606 14,377
S o u th A m erica______________________ . . 931 51,955
O th e r C o u n trie s...........................................
81 17.178
T o ta l_______________________________ -.1 6 .6 1 1 280,716

--------■1905-------S in c e
J a n . 1.
Week
22
1 .233
10
855
100,213
900 16,555
23,779
10,173
704 30.040
2,710
114
076 16.030
945 54,854
422 15.846
3,793 278,290

1367

continues good, and it is now expected that the total for the
year will equal that of last year. It could not be learned
that any actual sales had been made to China, but the receipt
of inquiries from that quarter was regarded as very encourag­
ing. Bleached goods are becoming scarcer and scarcer, and
it is announced that leading tickets will be advanced next
week, possibly to the extent of 34c. In the meantime the
number of small orders being received is very large, but all
business is necessarily for future shipment. Wide sheetings
have been advanced and are difficult to obtain. Denims
and tickings are selling for far distant delivery, and the latter
particularly are very firm and are bringing top prices up to
next March. Other coarse, colored cottons are well con­
ditioned. Cotton flannels are expected to be put upon a
higher basis. Ginghams cannot be turned out in sufficient
volume to supply the heavy demand. Several of the more
prominent lines of prints have been withdrawn from sale
and others are sold ahead all through the summer. Ad­
vances are also expected in these. Print cloths are un­
changed and some fair sales have been recorded, narrow
goods being in particularly good demand.
W O O L E N GO O D S.— Duplicating still continues in the
men’s wear woolen and worsted goods market and further
lines have become sold up during the week. These are
mostly lines of worsteds, which are far and away in best de­
mand, although, compared with the initial business, the
duplicate ordering of woolens shows a decided improvement.
Serges have again become popular and rush orders are being
sent in by those who thought earlier in the season that they
would not require them. There has been a fair business in
the cheaper lines of 1907 heavy-weights, particularly in
overcoatings, but for the current season the overcoatings
market is very dull, being influenced to a great extent by the
recent mild weather. For the new season tourist coatings
have again been in good demand, and the popularity of these
is expected to continue for some time longer.
Dress goods
are in the between season’s period and the market has been
quiet. In summing up the recent buying it is again apparent
that worsteds have had all the best of it, with broadcloths
selling well.
F O R E IG N D R Y G O O D S.— Importers of woolen and
worsted dress goods have had a very good season, and have
been particularly successful with voiles and broadcloths.
Silks are firmer. Linens continue strong. Burlaps are very
firm.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending November 24 1906 and since
Jan. 1 1906, and for the corresponding periods of last year,
are as follows:
'^ ^
O
: %~ o°-

to* Trj W Q

£.
—P ~ £ o
X So
3 «
n1
>

n3 29 3§
2. ? W° o d
a ? . 3 2. “

*
0

o

o.

: is

-4
w
H
-4
a
jo
a
d

p

©<
3P

“0

tO -J*
— In

o* © . m y

t\: © rc

>1 O i I

m

Sn
-» 4- cn0 1 ^ C WO
3
5
N O to
5 VO
1 3O 6 8
G: c
C
©V t o -si
l
C6 C3 £ .

t o 1*4 « c o o
*v]

m

tc | O

o

c

cc -J t c v

W **1 cs tU C
O

v toV V-v
n I hi
4^. vn vn 00 c o

© ^V c o
oo

to 4- to t ts
o\
O t O 4- ©
s o Os
© V© *1V
I <
"t V © -si 00
o I V fo
I
to © ©

o
3

d

1o
y ?r in
* r*

V V © 4OI S

»

S^

j?

yj

o

V to » © *J■
<
-* *
-) —© O
a © c ©c
- * s O-*
n
——to *
»

3 |- * |Wfc S * W
3
1
i

"o« 1 *•! Vi I io b» c y rz
co , - v © os
vco os 1z in to co © to
-3 I p 4- i|=I u oc* Vj
3 -V v to tc

—
• I ‘-kO |I li V V C
* ! to to
1
S
1c
© to U yi
O
p i* W
V » o
S 1
- *1 *1 C

c c
n s

y,

*-l © C to
O
I to ce W » w
i
| — co in ju u
| to 0- VI 4- cs

Ml 4— -0 u r v v
- 1
o s
V ! to 4-I toSco © to V
I —n! C ^ — O
1 CC
-3 1
»

y

p

»

>© V C to-J r
I S
1— ! *s CO-*© o
•to V « CS
—■

-1 IZ -1 M

— tz

C © tO
O © oo
"* — ©0I
* *3 0
J 0
© ©0 © V
0
V ©© ©-n
s
>

0
0

O
S
to
©
V to O VI ©

<

© VI CS OS Cl

-ci

CO Os 00 t o
tfi O t o ©

I")
r.

©
—*

tn Oo Co ©
—* VI v i t o

© =3
Vs © -J V © ~ O -4 :
V O
33 Vo I "to — j C © ^
co
—I
VI C l :

■ to

V»
1 Z>
z©
n

,

1

M0 , © t a 1 v
4
-—
to | o v
y

© O l V © C © *10
S O D

- v s V« , ©
s ©
1 v © 1r CO © cv c
o
o© © s s

0 I uuy 56Z
"to te

-J ©© I V
kJ O0
Ii 4* ©0

—*
©

t

"© "pc "co v»

Z.

o

tl C z
o

f;

*

-1

-

rC© to-s -o
o s |
C © c C gI
o
4- Vi H U > -

j 10 VS V* os

- ©

»
o3
© - y y f.
The value of these New York exports since Jan. 1 has bene o y e » i © V l0 —
4 V ito © “.I
- ©
- y it'
© “S
Vi
v s — Go
0 I «J*f |O *- -s to-I
0 I « — © 4 O to ©
*
|
116,151,740 in 1906, against $15,097,506 in 1905.
* C ! -*j *- C to 1
1 6 J1 > i
»
© "4OOV
-b S s
5 I •! © ; V to to to ©
3 *
J
—4-1 -s 4 4 V
© o©o00 1"c
> ©i
*
There has been an improved domestic demand for heavy­ a
•J © | to ^
*
1
OS
os
-Vole. T h e a b ove totals since Jan. 1 In both years cover one trior
weight drills and sheetings, and sales of medium-weights
1 1 an th c , aCPr^ a te for the sam e period tflvcn In the tablo "Im p o rt
.'
have, been unusually large. Contracts have been placed for and b x p o rts for the W e e k " In C om m ercial and M iscellaneous Newdistant delivery and mills are well provided with orders for This Is due to change o f dates o f statistics Issued b y the Custom House
P
as to
some time to come. Trade with miscellaneous countries wroper ead ju stm en t osothe new m ake all statem ents uniform will hr - <,,
th th beginning f
year

*1

y y

y

y

•

! 3G«

T H E CH R O N IC LE

B ond P rop osals and N egotiations this weeg
have been as follow s:

Acton, Ont.— Debenture Offering.— Proposals will be re­
ceived until Dec. 8 by Thos. T. Moore, Municipal Clerk, for
$3,954 36 4% 20-year pavement debentures.
Adairsvillc, Eartow County, Ga.—Bond Sale.—This town
recently awarded $17,500 5% water-works bonds to T. J.
Carling of Macon at 101. Denomination $500. Interest
January and July. Maturity $2,500 every five years.
Alameda County (Cal.) Union High School District No. 4.

■ Bond Sale.— On Nov. 19 the $125,000 5% high-school—
building bonds described in V. 83, p. 1245, were awarded,
it is stated, to the Oakland Bank of Savings of Oakland for
$129,056 51, or 103.245—a basis of about 4.60%.
Amherstburg, Ont.—Debentureoffering.—Proposals will be
received until 4 p. m., Dec. 4, by J. H. C. Leggatt, Town
Clerk, for $12,244 45 4}/%% local-improvement debentures,
maturing part yearly for twenty years.
Anaconda, Deer Lodge County, Mont.— Bond Offering.—
This city will sell at public auction at 8 p. m., Dec. 21, an
issue of $34,000 4YN funded city-hall bonds. Denomina­
Vo
tion $1,000. Interest semi-annually at the American Ex­
change National Bank in New York City. Maturity twenty
years, subject to call after ten years. P. M. Sullivan is City
Clerk.
Antwerp, Ohio.—Bonds to be Issued.—It is stated that an
issue of $8,000 town-hall bonds will be put out by this place.
Arcade Township (P. O. Phillipsburg), Phillips County,
K an .— Bond Sale.—We have just been advised that this

township on Oct. 1 awarded $14,000 4% refunding bonds
to Kelly & Kelly of Topeka at par and interest. Denomi­
nation $500. Date July 1 1906. Interest semi-annual.
Maturity January 1 1926, subject to call at any time.
Asheville, Buncombe County, No. Caro.— Bond Election.—
The question of issuing $30,000 school-building bonds will
be decided by the voters of this city on Dec. 6.
Athens, Athens County, Ohio.— Bond Offering.— Proposals
will be received until 12 m. Dec. 24 by W. B. Golden, Vil­
lage Clerk, for $4,060 5% Morris Avenue improvement
assessment bonds. Denomination $406. Date Jan. 1 1907.
Interest March 1 and Sept. 1. Maturity $406 yearly on Sept.
1 from 1907 to 1916 inclusive. Certified check for 10% of
the bonds bid for, payable to the Village Treasurer, is re­
quired. Accrued interest to be paid by purchaser. Bidders
to satisfy themselves as to the legality of the bonds before
bidding. Official advertisement states that if any of the
property owners pay the amount of their assessment in cash
before the time of sale, the aggregate of bonds to be offered
will be reduced accordingly.
Bisbee, Cochise County, A riz.— Bond Sale Not Consurn
mated.— We are advised that the $80,000 5% sewer-construc­
tion bonds awarded on Sept. 27 (V. 83, p. 994) to the
Miners’ & Merchants’ Bank of Bisbee at par, take the place
of the $80,000 5% bonds awarded on July 18 to S. A. Kean
of Chicago, which sale was not consummated. Denomina­
tion $1,000. Date Sept. 21 1906. Interest June and
December. Maturity Sept. 21 1931, subject to call after
five years.
Bostwick Precinct, Neb.— Bond Sale.— On Oct. 31 an
issue of $4,000 6% coupon bridge bonds was awarded to the
Treasurer of Lincoln County at par. This was only the
bid received. Denomination $1,000. Date Oct. 1 1906.
Interest semi-annually at the State Fiscal Agency in New
York City. Maturity $1,000 in each of the years 1923,
1924, 1925 and 1926.
Bourbonnais (P. O. Kankakee), Kankakee County, 111.—

Bond Sale.— The $4,200 5% improvement bonds offered but
not sold on Oct. 1 have been placed with the Merchants’
Loan & Trust Co. of Chicago. See V. 83, p. 994, for de­
scription of bonds.
Carbon County School District No. 31 (P. O. Bearcreek),
M ont.—Bond Sale.—This district recently awarded $1,500

bonds to the State Land Commissioners at 107.79.
Charlottesville, Albemarle County, V a.— Bond Election.—
An election will be held Dec. 4 to vote on the question of
issuing $160,000 4)^% 10-40-year (optional) bonds. These
bonds take the place of the $135,000 4% coupon reservoir
bonds awarded some weeks ago to N. W. Harris & Co.,but
which were subsequently refused by them as illegal. See
V. 83, p. 1187.
Cheviot, Hamilton County, Ohio.—Bond Offering.— Pro­
posals will be received until 12 m., Dec. 27, by Charles Craig,
Village Clerk, at the office of Schorr & Wesse.lmann, Rooms 4
and 5, Bavaria Building, Cincinnati, for $1,590 5% 1-10-year
(serial) Harrison Avenue assessment bonds. Authority
Section 95 of the Municipal Code. Denomination $159.
Date Oct. 29 1906. Interest annual. Certified check for
10% of the bonds bid for, payable to the Village Treasurer,
is required. Accrued interest to be paid by purchaser.

[V O L . LXXX111.

Chicago (111.) Sanitary District.—Bond Offering.—Sub­
scriptions will be received until 12 m. Dec. 26 by I. J. Bryan,
Clerk, Room 1500, American Trust Building, Chicago, for
the $500,000 4% coupon bonds mentioned in V. 83, p. 1306.
All bonds maturing prior to the year 1916 will be offered at
par and bonds maturing in 1916 and after will be offered to
nel the purchaser thoreoi 3.97% pe r annum. Denomination
$500. Date Jan. 2 1907. Interest semi-annually at the
olfice of the District Tr< asurer. Maturity $28,000 yearly on
Jan. 2 from 1909 to 1925 inclusive and $24,000 Jan. 2 1926.
Certified check for 5% of the bonds bid for, payable to the
District Clerk, is required. Blank forms for subscription
will be furnished by the district.
Ohillicothe, Ohio.-—Bond Ojjering.— Proposals will be re­
ceived until 12 m., Dec. 3, by the Trustees of the Sinking
Fund for $10,700 4% street-improvement bonds. Denomi­
nation $1,000, except one bond for $700. Date Aug. 15
1905 Interest semi-annually at the office of the City
Treasurer. Maturity Aug. 15 1915. Certified check for
2% of the par value of the bonds bid for, pajmble to the
Trustees of the Sinking Fund, required. These are not new
bonds, but securities heretofore held in the sinking fund as
an investment.
Cincinnati (O.) School District.—Bond Sale.— On Nov. 26
the $200,000 4% 40-year coupon bonds described in V. 83,
p. 1133, were awarded to MacDonald, McCoy & Co. of Chi­
cago at 106.142— a basis of about 3.70J^%. Following are
the bids:

M acD onald, McCoy & Co.
[ E . H . RolUns& Sons,Chic.S205,253 00
Chicago ---------------------$212,285 50 | F irst N a t. B ank , C in ____ 205,122 00
W eil, R o th & Co., C in .._ 210,621 00 R. K leybolte & Co. (for
O tis & H ough, C incin__ 210,477 00 i 5 5 0 ,0 0 0 )_______ .
51 7 6 0 00
G erm an N at. B ank, Cin_ 210,376 00 j W estern G erm an B ank
Seasongood& M ayer, Cin_ 210,365 001 (for 550,000) ___ . . 51,130 00
Breed & H arrison, Cin__ 207,000 00 | C ity Hall B k.(for 520,000) 20,620 00
A tlas N at. B ank, C in___ 206,252 50! H ighland C ountv B ank
U n io n s. B. & T r.C o.,C in_ 206,141 00 | (for 5 1 2 ,0 0 0 )
__ 1 2 , 6 0 0 00

Cleveland Heights, Ohio.—Bond Sale.— On Nov. 6 the
two issues of 4)^% coupon Sewer District No. 2 bonds,
aggregating $44,264, described in V. 83, p. 923, were
awarded to Hoehler & Cummings of Toledo for a premium
of $580, or 101.31.
The five issues of 4Y2V0 coupon bonds, aggregating $18,195,
offered on Nov. 20 and described in V. 83, p. 1056. were
awarded to Otis & Hough of Cleveland on Nov. 20 for $18,414 9 2,or 101.208.
Clinton County (P. O J Plattsburg), N. Y .—Bond Sale.—
On Nov. 26 the $60,000 4% 15-year coupon asylum-building
bonds described in V. 83, p. 1246, were awarded to W. N.
Coler & Co. of New York City at 100.706 and accrued interest
—a basis of about 3.938%. Following are the bids:

W .N .C oler & C o., New Y o rk . 100.7061E d m u n d Seym our & Co.,
W . J. H ayes & Sons, C leve._100.40 | New Y o r k _______________ 100.17
R hoades & Co., New Y o rk ._ 100.271 i K ountze B ros., New Y o rk ___100.067
N . W . H arris & C o.. N. Y__ .100.184 \ Geo. M. H ah n , New Y o r k .. .100.03

Cohoes, N. Y .—Bond Offering.— Richard Bolton, City
Chamberlain, will sell at public auction at 12 M., Dec. 15,
$38,609 15 4% local-improvement bonds. Securities are
dated Dec. 1 1906. Interest Jan. 1 and Juty 1 at the Na­
tional Bank of Cohoes. Maturity $2,900 75 yearly on
Dec. 1 from 1907 to 1911 inclusive and $24,105 40 on Dec. 1
1907.
Covington, K y.—Bond Sale.— On Nov. 19 the $1,399 61
5% 1-10-year (serial) Mary Street improvement bonds dated
Jan. 1 1907, offered on that day (V. 83, p. 1246), were
awarded, it is stated, to E. Zeissz & Co. for $1,420 26, or
101.475.
East Hartford, Conn.—Note Sale.—This town recently
awarded $60,000 5% serial bridge notes to the Societ}'' for
Savings of Hartford.
Eaton, Preble County, Ohio.—Bond Sale.— On Nov. 26
the $1,500 4% 2-6-year (serial) street-repair bonds de­
scribed in V. 83, p. 1133, were awarded to the Preble County
National Bank of Eaton at par.
Eatonton, Putnam County, Ga.— Bond Offering.— Pro­
posals will be received until 7 p. m. Dec. 6 by M. F. Adams,
Mayor, for the $15,000 5% coupon sanitarv-sewer bonds de­
scribed in V. 83, p. 392. Denomination $500. Date Jan. 1
1907. Interest semi-annually at the office of the City Treas­
urer. Maturity $500 yearly on Jan. 1 from 1908 to 1937 in­
clusive. Bonds are exempt from all taxes. Certified check,
payable to the Mayor, is required. Bonded debt, including
this issue, $40,000. Assessed valuation for 1906 8844,840.
El Centro School District, San Diego County, Cal.—Bond
Election.—An election will be held in this district to-day
(Dec. 1) to vote on a proposition to issue $3,400 7% 1-8-year
school-building bonds. Denomination $425.
Elyria, Ohio.—Bond Sale.— On Nov. 26 the $54,000 Broad
Street bridge, $21,000 Fourth Street bridge and $15,000
sewer-construction 4j/£% coupon bonds, a description of
which was given in V. 83, p. 1056, were awarded to the
Security Savings Bank & Trust Co. of Toledo at 105.016 and
accrued interest. Following are the bids:
Security Savings Bank & Trust Co., Toledo______________ 594,515 00
W. R. Todd & Co., Cincinnati_________________________ 93,879 25
W. J. Hayes & Sons, Cleveland_________________________ 93,600 00
Otis & Hough, Cleveland_______________________________ 93.495 00
Fall River, M ass.— Bond Sale.— On Nov. 27 $20,000 4%
registered highway bonds were awarded to R. L. Dajr & Co.
of Boston at 101.637— a basis of about 3.80%. Following
are the bids:

THE CHKONirTJ

D e c . 1 1 9 0 6 .]

R . L. D ay & O o .. B oston ------101.037
B lake Bros. & C o.. B oston. 101.41
N VV. H arris « C o.. C hicago. 101.382
m
Ailam.> & C o., B o sto n . . . .101.311
D enison & F arn sw o rth , O iev. 101 ,«“>1
R ud. Kle.vbolte & Co.. N. V .101.20

Geo. A. F ernald A C o .. H ost. 101.20
W orcester No. lu st for S a v . .101.21
B lodget. Men'll & Co.. Bo.st. U) 1.182
\V. J. H ayes & Sons, C le v o .-lO l.
K stabrook & C o.. B o s to n .__ 100.79
E . II. Rollins Sc Sons. B o s t..100.333

Lakewood, Cuyahoga County, Ohio .—Bond Sale.— On
Nov. 27 the $6,500 5 % funding and tin: $31,329 5 % Summit
Sewer District bonds described in V. 83, p. 1308 and 1247,
were awarded to W . J. Hayes & Sons of Cleveland. The
following bids were received:

Denomination $ 1,000 or multiple. Date Dec. 1 1906. In­
$6,500
$31,339 4
F u n d in g H ands. S ew er H
ands.
terest semi-annually by check. Maturity Dec. 1 1916.
W . J. H ayes & Sons, C le v e la n d .______ . . . . .$ 0 , 0 0 5 oo
$32,310 00
."Gadsden, A la .—Bond Sale.— On Nov. 15 $20,000 5 % L am precht Bros. Sc C o .. C leveland ___ ___ . . 6,605 00
31,829 00
32,134 15
school-building bonds were awarded to Steiner Brothers of O tis & H ough, C le v e la n d ......................................... .. 6,576 05
Lebanon, Warren County, Ohio .—Bond Sale.— On Nov. 26
Birmingham at par and accrued interest, conditioned on the
bonds being voted at an election which has been called for the $3,500 4 % coupon trunk-sewer bonds described in V. 83,
Dee. 31. Denomination $500. Date Jan. 1 1907. Interest p. 1134, were awarded to Seasongood & Mayer of Cincinnati
semi-annual. Maturity thirty years. These bonds take at 10.1.58 and accrued interest. Following are the bids:
tiie place of the $15,000 bonds voted on June IS and subse­ Seasongood Sc M ayer, O la. .$3,555 30 B righton-G erm an B ank C o .,
C itizens’ N at. B ank. L eb’n . 3,550 00 C in cin n ati_______________$3,526 25
quently awarded to Steiner Brothers. The lirst amount J. M cCreary, L ebanon _____ 3,550 0 0 C ent. T r.& S afeD ep.C o.,C ln 3,521 00
a . par
was found to be insufficient and a new election called, as W ell, R oth & Co., C ln e ln .. 3,526 50 W . R . T odd & C o . , C iu -----a Less $70 for a tto rn e y s' fees and-expenses.
above, to authorize the larger issue.
Lewis County (W ash.) School District No. 119.—Bond
Bond Sal- . — This city has awarded $30,000 4 % sewer
A
bonds to the First National Bank of Ludlow, Ivy. These Sale.— On Nov. 17 the County Treasurer sold $900 5 l %
securities take the place of the $30,000 sewer bonds awarded bonds of this .district. Interest payable at the office of the
some time since to the A. L. Rich Co. of Cincinnati, which County Treasurer. Bonds are subject to call after five years.
Litchville, Barnes County, No. Dak.— Bond Offering.—
sale was never consummated owing to the fact that the
Cincinnati firm was placed in the hands of a receiver before Proposals will be received until 8 p. m. Dec. 7 by the Village
Council for $3,000 5% bonds. Denomination $1,000. In­
the bonds were paid for. See V. 82, p. 1390.
Garrettsville, Portage County, Ohio.— Bond Sale.— On terest semi-annual. Maturity twenty years. Certified
Nov. 26 the $0,500 4 % 5-10-year (optional) coupon water­ check for $200 required. Fred Bettschen is Village Clerk.
works bonds dated Sept. 15 1900 and described in V. 83, p.
Livingston, Park County, M ont.— Bond Offering:— Geo.
1247, were awarded, it is stated, to the Garrettsville National E. Reed, City Clerk, will sell at public auction at 2 p. m.
Bank of Garrettsville for $0,551, or 100.784.
Dec. 31 $25,000 6% 10-20-year (optional) coupon sewer
Grand Junction, Mesa County, Colo.— Bids.— The follow- bonds. Denominations twenty bonds of $1,000 each and
ng bids were received on Nov. 20 for the $300,000 5 % coupon fifty bonds of $100 each. Date Jan. 1 1907. Interest
water-svstem-extension bonds awarded, as stated last week, semi-annually at Livingston or at New York City. Certified
to the Ramey Udlock Investment Co. of Grand Junction check for $1,000 required.
Los Angeles County (P. O. Los Angeles), Cal.— Bonds De­
at par:

R am ey-U dlock In v estm en t C o., G rand Ju n c tio n ---------------------------100 feated.—Unofficial returns indicate that the five issues of 4%
S. A. K ean, C hicago-------------------------------------------------------------------— alOO.Oo 1-10-year (serial) bonds aggregating $900,000 described in
• T his b id , we are inform ed, w as n o t accom panied by certified check, V. S3, p. 1188, were defeated at the election held on Nov. 22.
and w as n o t. therefore, considered.
Middletown, Ohio.— Bond Sale.— On Nov. 24 the $1,361 70

^GGrosse Pointe, Mich .—Bond Sale.— On Nov. 21 the $20,000 30-year coupon water-works bonds described in V. 83,
p. 1247, were awarded to E . H . Rollins & Sons of Chicago
at 106.50 and accrued interest for 4J^s— a basis of about
4 .1 2 %

B. H . RoUins & Sons, C hicago------for 4J4s.
\V. E. Moss Sc Co., D e tro it------------for 4}<s.
B . S tevens C o _____________________ffo r 4 V<s
ifo r 3s__
H K . N oble Sc Co., D etroit --------for 4V£s
jfo r 3 s ._
T re n b rid g e Sc N icer Co., C h ic a g o ../fo r 4 ^ s
\fo r 5s._
E * H . R ollins & Sons, C hicago------for 5 s ._
A
H ood & Co., D e tro it------------for 5 s ..
Spitzer
Co.. T oledo-------------------- for 5 s ..

521,300 00
20,710 00
20,436 00
21,776 00
. 21,350 00
2 1 ,6 8 8 00
20,170 00
21 ,2S7 00
. 22,400 00
. 21,65350
. 20,710 00

i^-Hahira, Lowndes County, G a .— Bonds Voted.— On Nov. 13
this town voted to issue $ 10,000 school-buildihg bonds
^Hamilton, Butler County, Ohio .—Bond Offerings.— Pro­
posals will be received until 12 m. Dec. 19 bjr Thad. Straub,
Crty Auditor, for $55,000 4 % revenue-deficiency bonds.
Authority Section 99 of the Municipal Code. Denomination
$500. I)ate Nov. 1 1906. Interest semi-annual. Maturity
Nov. 1 1926. Certified check, payable to the City Treasurer,
is required. Accrued interest to be paid by the purchaser.
This issue is in addition to the $115,000 water bonds to be
sold at the same time. See last week’s issue, page 1307.
.'Ham ilton Township (P. O. Mays Landing), Atlantic
County, N. J .—Bond Sale.— On Nov. 17 the $25,000 5%
coupon bonds described in V. 83, p. 1247, were awarded to
Harriman & Go. of New York City at 104.50.
Haverhill, M ass .—Bond Offering.— Proposals will be re­
ceived until 10 a. m. Dec. 5 by Arthur T. Jacobs, City
Treasurer, for $20,000 4 % coupon bonds. Denomination
$1,000. Date Oct. 1 1906. Interest semi-annually at the
First National Bank in Boston. Maturity $2,000 yearly
o» Oct. 1 from 1907 to 1916 inclusive. Accrued interest to
be paid by purchaser. These bonds trill be certified to as to
genuineness by the City Trust Co. and their legality will be
approved by Messrs. Storey, Thorndike, Palmer & Thayer
of Boston.
Hillsdale, Mich.— Bond Sale.— An issue of $14,000 4%
refunding bonds has been awarded to Spitzer & Co. of Toledo.
These bonds are dated May 1 1906, but we are not informed
as to the date of the award. Denomination $1,000. In­
terest Jan. 1 and July 1. Maturity yearly on Jan. 1 from
1308 to 1914 inclusive.
if
“ 'Kenmore, Erie County, N. Y . — Bond Sale.— On Nov. 26
$31,000 5-29-year (serial) improvement bonds dated Dee. 1
1906 were awarded to H . C. Powers & Co. of New York City
at 100.055 for 4>£.s. Following are the bids:
M C Powers & C o ., New Y ork ____ for 4 K » - ................— ..............$31,017 17
Gee. M. Hahn. New Y o r k . . . .............. for4 .30s ................................... 31,089 90
W J. Haves S Sons. Cleveland____for 4 .3 0 s ..................................... 3
c
1
Vi
O’ Connor S Kahlcr. New Y ork..........for 4 .3 0 s .................. .................. 31,008 00
c
lu a r W . Sherrill. Poughkeepsie., .for 4 .3 5 s ...................................... 31,002 00
Radolnh Kleybolte & Co..N ew Y orkjfor 4 .4 0 s ..................- ................ 31.040 00
for 4 > is _____________________ 31 ,»8 0 00

^ Interest semi-annual. These securities take the place of
amount of street bonds awarded on Oct. 28 to O'Connor
1. Kahler of New York City, which sale, however, was not
eonaummated for the reason that the New York firm’s
attorney disapproved of the form of question submitted to
the voters at the time the first election was held. The bonds
■*ve been re-voted.

4% 1-10-year (serial) street-improvement assessment bonds
dated Oct. 15 1906 and described in V. 83, p. 1248, were
awarded to the Merchants’ National Bank of Middletown
at 100.389 and accrued interest. Following are the bids:

M erck.N at. B k.,M iddlet’n - a $ l,367 0 0 1Oglesby
B. L. F e rris_______________a l , 366 701
a A nd accrued interest.

&

B o rn itz________a$ l,3 6 2 70

Mineral W ells, Palo Pinto County, Texas.— Bonds Regis­
tered and Sold.— On Nov. 17 $10,000 water-works and $8,000
sewer 5% 10-40-year (optional) bonds dated Sept. 20 1906
were registered by the State Comptroller. These bonds
were purchased on a 4)^% basis on Nov. 20 by the State
Board of Education.
Mineral Wells School District (P. O. Mineral W ells), Palo
Pinto County, Texas.— Bonds Registered and Sold.— On Nov.
17 the State Comptroller registered $ 10,000 5 % 10-40-year
(optional) school-house bonds dated Sept. 20 1906. On
Nov. 20 the State Board of Education purchased these bonds
on a 4 Yf/o basis and interest.
Mount Grab, Brown County, Ohio.— Bond Offering.—
Proposals will be received until 12 m . Dec. 24 by Fred Kibler,
Village Clerk, for $700 4 % coupon sidewalk and streetimprovement bonds. Authority Section 2835 of the Revised
Statutes. Denomination $100. Date Nov. 1 1906. Inter­
est annually at the Bank of Mount Orab. Maturity $100
yearly on Nov. 1 from 1907 to 1913 inclusive. Certified
check for 10% , payable to the Village Clerk, is required.
Bonded debt, including this issue, $1,500. Assessed valua­
tion for 1906 $95,000.
Nashua, N. H . — Bond Sale.— This city recently sold to its
sinking funds at par an issue of $20,0004% 20-year refunding
bonds. Denomination $1,000. Date July 1 1906. Interest
semi-annual.
New Orleans, L a.— Bonds Authorized.— Under Constitu­
tional amendments adopted by the people of Louisiana on N ov.
6 , this city is authorized to issue $8,000,000 4 % sewerage
and water bonds to mature Jan. 1 1927, subject to call after
Jan. 1 1917; also $200,000 4 % bounds to pay back salaries
of school teachers, these to mature Jan. 1 1942, subject to
call after Jan. 1 1928.
Niagara Falls, Qnt.— Debenture Sale.— In the “ Chronicle
last week under the head of Niagara Falls, N. Y ., we re­
ported the sale of $56,754 debentures to W ood, Gundy &
Co. of Toronto. 'Phis sale should have read Niagara Falls,
Ont., and not N. Y.
Debenture Sale.— On Nov. 20 the $16,000 4 % sewer de­
bentures offered but not sold on Oct. 8 were awarded to
Wood, Gundy <e Co. of Toronto at 94 and accrued interest.
f
North Alton School District, Madison County, 111.— Bond
Election.— Reports state that at the spring election a propo­
sition to issue $10,000 school bonds will be submitted to the
voters of this district.
Northampton, M ass .—Temporary Loan.— The City Treas­
urer recently awarded a temporary loan of $30,000 to Jose,
Parker < Co. of Boston at 4 .8 7 % . Loan matures March
fc
27 1907.
North Bay, Ont.— Debentures Not Yet Sold.— No sale has
yet been made of the $ 10,000 4 y2% school debentures
offered by this town on June 30 1906, but withont iuooee*.

1370

THE CHRONICLE.

< Nottingham School District (P. O. Nottingham), Cuya­
hoga County, Ohio.— Bond Sale.— On Nov. 21 the $50,000

43^% school-building bonds described in V. 83, p. 1135,
were awarded to Hayden, Miller & Co. of Cleveland at 105.318
and interest— a basis of about 4.06>£%. Following are
the bids:
Hayden, Miller & C o . , Cle_$52,659 00
Well, Roth & Co., Clncln. 52,515 50
Otis & Hough, Cleveland. 52,455 50
MacDonald, McCoy & Co.,
Chicago ___________ 52,161 50

[You.

e x x x iii.

Post Falls, Kootenai County, Idaho.— Bond Sale.— The
$12,500 10-20-year (optional) coupon water-works bonds
offered by this town on Nov. 3 have been awarded at par
as 5)/js to J. M. Holmes of Chicago. Denomination $500.
Date Oct. 1 1906. Interest semi-annual.
Reading, Pa,.—Bond Sale.— This city recently delivered six

W. R. Todd & Co., Clncln.$52,100 00
W. .J Hayes & Sons, Cle .. 51,947 00 issues of sewer bonds, aggregating $95,500, to contractors
.
Denison & Farnsworth,Cle 51,887 50 in payment for work done.
F. L. Fuller & Co., Cleve­
land ......................... 51,755 00
Reed City, OsceolaCounty.Mich.— Bonds Not Yet Issued.—

Ontario, San Bernardino County, Cal.—Bond Election.— W e are informed that the $15,000 bonds mentioned in V. 83,
Reports state that an election has been called to vote on the p. 997, have not yet been issued.
question of issuing $35,OOO^streeCbonds.
Renfrew County (P. O. Pembroke), Ont.— Bids.— We
give below the bids received on Nov. 20 for the $14,000 4 %
debentures described in Y. 83, p. 1248. As stated last week,
(optional) coupon school-house bonds dated July 2 1906 they were all rejected.

Orchard Park School District No. 21, Chaves County,
N. Mex.—Bond Sale.—On Nov. 17 the $2,000 6% 10-30-year

Brouse,
& Co_____
C.
and described in V. 83, p. 1058, were awarded to Wm. E. W ood, GMitchell Go., T o ro n to$13,651 |Wm. illusBrent, Toronto____ $13,528
undy &
. 13 ,5741A em
Jarv is & C o., T o r .. 13,364
Sweet & Co. of Denver at 101.75 and accrued interest. The Geo. A. Stim son & C o., T o r .. 13,5571D om inion Sec. C o rp o ra tio n .. 13,121
bids were as follows:
Reno, Washoe County, Nev.— Bond Sale.— On Nov. 26
Wm. E. Sweet &Co., Denver a$2,035 |
Watson, Preston & Co., Chic.n$2,000 the $25,000 5 %
S. A. Kean, Chicago_______2,0011Noel-YoungBd.&Stk.Co.,St.L. 2,000

Orlando, Fla.—Bond Offering.— Proposals will be received
until to-day (Dec. 1) by A. B. Johnson, City Clerk, for the
$12,000 5% coupon street-paving bonds voted on Sept. 8.
Denomination $500. Date Nov. 1 1906. Interest semi­
annually at the City Treasurer’s office. Maturity Nov. 1
1911. Certified check for 10%, payable to R. L. Hyer,
President of Council, is required. Bonded debt, including
this issue, $72,000. Assessed valuation $1,355,000.
Qshawa, Out.— Debenture Sale.-— This town recently dis­
posed of to Wood, Gundy & Co. of Toronto, an issue of $7,000
4H % debentures maturing part yearly for thirty years.
Osnafourg, Stark County, Ohio.—Bond Sale.—We are ad­
vised that the $2,500 1-8-year town-hall bonds offered on
Oct. 31 have been awarded to the First National Bank of
Dolgeville, N. Y ., at par for 5s. See V, 83, p. 997, for
description of these bonds.
Ossining Union Free School District No. 1 (P. O. Ossining),
Westchester County, N. Y .— Bond Offering.— Proposals will
be received until 7:30 p. m. Dec. 10 by Milton C. Palmer,
President Board of Education, for $90,000 coupon school­
building bonds at not exceeding 4j/£% interest. Denomina­
tion $1,000. Maturity $5,000 yearly beginning July 1 1908.
Certified check for $5,000, payable to the Board of Educa­
tion, is required.
Oxford, Butler County, Ohio.— BondffSale.— On Nov. 26
the $3,000 4% 6-11-year (serial) coupon electric-light-plant
repair bonds described in V. 83, p. 1189, were awarded to
the Citizens’ Savings Bank & Trust Co. at 101.214 and
accrued interest. Following are the bids:
Gits. Savs. Bk. &Tr. Co__$3,036 42 |
Brighton-German Bank.
Seasongood & Mayer, Cine. 3,011 25 | Co., Cincinnati________$3,00125
Weil, Roth & Co., Cincinu- 3,003 25|W.R.Todd &Co.,Cincin______par
IHoehler & Cummings, Tol_____par

Paden, Creek Nation, Ind. Ter.—Bonds Approved.— An
issue of $1,000 school bonds of this place has been approved.
Painesville Township, Ohio.—Bond Offering.— Proposals
will be received until 12 m. Dec. 21 by W. Albert Davis,
Clerk Board of Township Park Commissioners, for $10,000
4% coupon park bonds. Denomination $500. Date Jan. 1
1907. Interest semi-annually on April 1 and Oct. 1 at the
Painesville National Bank. Maturity $500 each six months
beginning April 1 1910. Certified check for 5% of bid,
payable to the Treasurer of the Park Commissioners, re­
quired.
Paris, Ontario .— Debenture Sale.— On Nov. 12 $4,500
4M% local-improvement debentures were awarded at par.
Securities are dated Dec. 1 1906 and mature part yearly for
twenty years. Interest annual.
Park County (P. O. Livingston), Mont.—Bonds Voted.—
By a vote of 1111 to 836 this county on Nov. 6 authorized
the issuance of $25,000 jail-building bonds. The question of
offering these bonds will be taken up by the Board of County
Commissioners in January.
Phillipsburg Township (P. O. Phillipsburg), Phillips
County, Kan.—Bond Sale.—This township, we are informed,
awarded $12,000 4% refunding bonds to Kelly & Kelly of
Topeka on Oct. 1 at par and interest. Denomination $500.
Date July 1 1906. Interest semi-annual. Maturity Jan. 1
1916, subject to call at any time.
Portland, Me.— Note Sale.— This city has disposed of at
private sale to the Portland Trust Co. an issue of $22,000
school-house-site notes. These notes were subsequently
purchased by the Sinking Fund Commissioners of Portland
as an investment.
Portsmouth, Ohio.—Bond Offering.— Proposals will be
received until 12 m. Dec. 24 at the office of Filmore Musser,
City Auditor, for $14,000 4% coupon Drew Factory Sanitary
Sewer bond?. Authority Section 2,835 Revised Statutes of
Ohio and Ordinance No. 1096 passed by the City Council
Nov. 7 1905. Denomination $500. Date Dec. 1 1906.
Interest semi-annually at the office of Winslow, Lanier &
Co. in New York City. Maturity $3,000 Dec. 1 1916, $3,000
Dee. 1 1917, $4,000 Dec. 1 1918 and $4,000 Dec. 1 1919.
Certified check for 2% of the bonds bid for, payable to the
City Auditor, is required. Accrued interest to be paid by
purchaser. All bids must be unconditional.

10-30-year (optional) gold coupon park
purchase and improvement bonds dated Jan. 1 1907 and
described in V. 83, p. 1309, were awarded, it is stated, to
the Farmers’ & Merchants’ National Bank of Reno at 101.008.
Richmond, V a .— Bonds Awarded in Part.— Of the $994,760
4 % refunding and improvement bonds offered on Nov. 20,
$486,260 were disposed of as follows: $4,000 to J. M.
Nolting at 103, $10,000 to J. L. Williams & Sons of Rich­
mond at 101 and $472,260 to the Commissioners of the Sink­
ing Fund at 101. See Y . 83, p. 1135, for description of
these securities.
Rochester, N. Y .— Temporary Loan.— This city on Nov. 23
awarded an 8-months loan of $32,000 to the Security Trust
Co. of Rochester at 5.75% interest and $13 premium. The
bids were as follows:

Security Trust Co. ($13 premium)___________________________ 5 . 7 5 %
Rochester Trust & Sale Dep. Co. ($5 premium)________________ 6.00%
Broadway Sav. Institute, New York_________________________ 6.00%

Temporary Loan.— On Nov. 28 $449,000 water-works
improvement fund (renewal) notes and $100,000 water-works
improvement notes, payable 8 months from Dec. 1, were
awarded to A. B. Leach & Co. of New York City at 5.25%
interest and $141 09 premium. Following are the bids:
A. B. Leach & Co., New York, lor $549,000—5.25% and $141.09 premium
Union Bank, Medina, lor $20,000—5.50% and $5 50 premium.
Goldman, Sachs & Co., New York, for $549,000—5.60% and $5 00 prem’m.
Genesee Valley Trust Co., Rochester—For $50,000, 5.70%: for $50,000
5.65%; for $10,000,5.60%.
Security Trust Co., Rochester, for $400,000—5.75% and $5 00 nremium.
Bond & Goodwin, Boston—For $449,000, 5.95%; for $100,000, 5.70%.
Rochester Savings Bank, Rochester—For $50,000, 5.91%; for $50,006
5.86%.
George H. Burr & Co., New York, for $549,000—6% and $5 00 and $17 06
premium.
Rochester Trust &Safe Deposit Co., Rochester, for $100,000—6% and $5 06
premium.
Rolla, Phelps County, M o.—Bonds Voted.— This city
on Nov. 3 authorized the issuance of $39,000 water-work*
bonds by a vote of 290 to 14 and $10,000 sewerage bond*
by a vote of 288 to 16. These bonds were voted on Sept. 28,
as stated in V. 83, p. 926, but that election was subsequently
declared void.
Sag Harbor Union School District No, 11, Town of South­
ampton, Suffolk County, N. Y.— Bond Sale.— On Nov. 22
$5,800 4% school bonds were awarded to the Sag Harbor
Savings Bank of Sag Harbor at par. Denomination $1,000,
except one bond for $800. Date Dec. 1 1906. Interest
semi-annual. Maturity $1,000 jmarly for five years and $800
in six years.
St. Boniface School District No. 1,188, Man.— Debenture
Offering.—Proposals will be received until 12 m . Dec. 20 bv
G. A. Rocan, Secretary-Treasurer, for $100,000 5% schoolbuilding debentures. Interest annually in St. Boniface.
Maturity $3,200 yearly on Dec. 1 from 1907 to 1925 inclusive
and $39,200 Dec. 1 1926.
St. James, Watonwan County, Minn.— Bond Award.—
This city has awarded the $6,500 5% city-hall bonds, bids
for which were received on Nov. 14 (V. 83, p. 1310), to the
Wells & Dickey Co. of Minneapolis for $6,606 (101.63),
accrued interest and blank bonds.
St. Louis, M o.—Bonds Authorized .— On Nov. 26 the Mayor
signed a bill providing for the issuance of the nine issues of
3J^% 20-year bonds, aggregating $11,200,000, voted o*
June 12. See V. 82, p. 1399.
Sandersville, Washington County, Ga.— Bond Election.—
An election will be held in this city Dec. 5 to vote on propo­
sitions to issue $20,000 sewer and $10,000 water 5% bonds.
Maturity $6,000 every five years beginning Jan. 1 1912.
Sandusky, Erie County, Ohio.—Bond Offering.— Proposal*
will be received until 12 m. Dee. 24 by Alex' M. Wagner,
City Auditor, for the $7,000 4% coupon Columbus Avenu*
Slip and Railroad Street paving bonds. Denomination
$1,000. Date Sept. 1 1908. Interest semi-annually at the
City Treasurer’s office. Maturity $1,000 yearly on Sept. 1
from 1908 to 1914 inclusive. Certified check for $1,000
required.
San Juan School District, San Benito County, Cal.— Bond
Offering.—Proposals will be received until 10 a. m. Dee. 4
by Elmer Dowdy, Clerk Board of Supervisors (P. O. Hollis­
ter), for $12,000 5% gold coupon school-building bonds.
Denomination $600. Date Jan. 1 1907. Interest semi­
annually in Hollister. Maturity $600 yearly beginning

187!

THE CHRONICLE

D e c . 1 1906.]

All bidders offered accrued interest in addition to their
bids. For description of bonds see V. 83, p. 1310.
Spiro School District, lnu. Ter.— P rice P aid for B o n d s .—
We are informed that the price paid by J. H. Edwards for
the $6,000 6% school-building bonds recently awarded to
him (V. S3, p. 1310) was par. Denomination §1,000. Date
“about Sept. I 1906.” Interest January and July. Ma­
turity twenty years.
Terre Haute, Vigo County, Ind.— B ond S a le .—On Nov. 6
the three issues of 6% 1-10-year (serial) coupon street-im­
provement assessment bonds , aggregating $8,566 82, de­
scribed in V. 83, p. 1137, were awarded to the Terre Haute
Trust Co. at [>tf, accrued interest and furnish bonds.
Toccoa, Habershaw County, Ga.— B on d s R e fu sed .—Mr.
C. H. Coffin of Chicago informs us that he has rejected the
$35,000 5% 28-year coupon water-works bonds awarded to
him on Oct. 10 for the following reasons: “Failure to show
the requisite number of registered voters as provided by the
Georgia law; failure to show the publication of the election
notice for the requisite time in advance of the election, and
the absence of the final ordinance levying a tax and properly
prescribing the form of the bonds.”
Tuscaloosa, Ala.— B ond E lection .—The proposition to
issue the $125,000 30-year gold coupon water-works bonds
mentioned in V. 83, p. 928, will be submitted to a vote on
Dec. 5.
Union County, Miss.—B on d s"N ot S old .—No sale was made
on Nov. 7 of the $4,500 6% Kings Creek Swamp Land Dis­
trict No. 1 bonds offered by the Board of Supervisors. The
bids received, we are informed, were contingent on the bonds
being a county obligation, whereas Chapter 70, Acts of 1902,
under which the securities were authorized, provides that
they be paid by the owners of the property benefited. The
Clerk of the Board of Supervisors has been directed to dis­
pose of the bonds at private sale and report to the Board at
the December meeting. Several bids of par have already
been received from local people.
Uniontown, Perry County, Ala.— B on ds N o t Y e t S o ld .—
No sale has yet been made of the $10,000 5% 20-30-year

Jan. 1 1909. Bonds are exempt from all taxes. Assessed
valuation for 1906 $542,530.
San Pedro, Los Angeles County, Cal.—Botid S a le .—On
Nov. 12 the $40,000 5% 1-20-year (serial) gold coupon cityhall bonds described in V. S3, p. 1190, were awarded, it is
stated, to the Los Angeles Trust Co. of Los Angeles at 105.45
—a basis of about 4.36%.
r Schoolcraft County (P. O. Manistique), Mich.—B on d s
V o te d . —This county recently voted to issue $16,000 poorhouse bonds. The question of floating these securities will
be taken up at the next meeting of the Board of Supervisors,
which will be held in January.
£?• Shiawassee County (P. O. Corunna), Mich.—B on ds
D efeated. —The proposition to issue the §67,000 4% court­
house funding bonds mentioned in V. 83, p. 515, failed to
carry on Nov. 6.
Slater Independent School District (P. O. Slater), Storey
County, Iowa.—Bond S a le.—On Nov. 26 the §3,500 5%
coupon school-building bonds described in V. 83, p. 1249,
were awarded to O’Connor & Kahler of New York City at
100.771. Following are the bids:
O’Connor & Kahler. X. V ___ $3,527|Flrst Nat. Bk., Rarncsv_ $3,520 00
_
Win. R. Compton Bond &
1\V. J. Hayes & Sons, Clove. 3,505 00
Mort. Co., Macon (no c h e ck ) 3,535|S. A. Kean, Chicago-------- 3,501 75

Sonoma County (P. O. Santa Rosa), Cal.— V o te .—We arc
advised that the vote on the §280,000 ± } 4 % court-house
bonds authorized on Nov. 6 was 6,406 for to 2,263 against.
Date of sale not yet fixed.
South Bethlehem, Northampton County, Pa.— B on d S ale.
—On Nov. 27 the $75,000 4% 15-30-year (optional) coupon
street-paving bonds dated Oct. 1 1906, bids for which were
received on Nov. 26, were awarded to the South. Side Bank­
ing Co. of Bethlehem and the E. P. Wilbur Trust Co. of
South Bethlehem for their joint bid of 102 and accrued in­
terest—a basis of about 3.824% to the optional date and
3.8S7% to full maturity. Following are the bids:
So. Side Bkg. Co., S. Beth. Jcl
E.P.Wilbur Tr.Co.. So. B eth .jl0 2 .
Denison & Farnsworth, Bost.101.19
E. V. Kane & Co., Phila_____ 101.15
X. W . Halsey & Co.. X. Y ____100.57

WestUng,.Iones&Emmett,Ph-100.50
W . J. Hayes & Sons, C leve._100.137
Allentown Nat. Bk., AUent’ n.100.10
So. Beth. Nat. Bk.. So. Beth_100
Mrs. M. Amrhelm.So. Bethle­
hem (S7,000)_____________ 103.

INVESTMENTS.

___ M E W L O A N S . _______ _______

BONDS

R

OF TH E

STATE OF NEW YORK
FO R

H IG H W A Y
EXEM PT

IM PRO VEM ENT

FROM

Notice is hereby given that, pursuant to the
provisions ol chapter 469 of the laws of 1906,
sealed proposals will be received at the office
of the State Comptroller, In the city of Albany,
until W E D N E SD A Y , D ECEM BER 12, 1906,
at twelve o’clock noon, of that day, for the pur­
chase In whole or in part of
One Million Dollars in Bonds

to be Issued by the people of the State of New
York, In either registered or coupon form ,at the
option of the purchaser, bearing interest at the
rate of three per cent per annum from Decem­
ber 1, 1906, payable semi-annually on the first
days of June and December of each year, and
the principal payable on the first day of Decem­
ber In the year 1956. Principal and Interest
payable in gold coin of the UnltecT States of Amer­
ica. of the present standard of weight and fineness
at the Bank of the Manhattan Company in the
city of New York.
Coupon bonds will be issued In the denomina­
tion of One Thousand Dollars and registered
bonds In denominations of One Thousand and
Ten Thousand Dollars.
A sinking fund Is established by law for the
extinguishment of the Indebtedness created by
the sale of the aforesaid bonds and for the pay­
ment of the Interest thereon as the same be­
come due.
The Bonds are exempt from taxation.
No proposal will be accepted for less than the
par value of the bonds nor unless accompanied
by a deposit of money or by a certified check or

K a ta b lU b e d

1N H 3.

H . C. Speer & Sons Co

First Nat Bank Building, Chicago,

C IT Y C O U N TY
AND T O W N S H IP

BONDS

D AY

< CO.,
&

BANKERS,
35 Congress Street,
BOSTON.

3 Nassau Street,
NEW YORK.

New Yo rk C ity Bonds

T A X A T IO N

bank draft upon a bank or trust company of
the city of Albany or New York, payable to the
order of the Comptroller of the State of New
York, for at least two per cent of the par value
of the bonds bid for.
All proposals, together with the security de­
posits, must be sealed and endorsed ’’ Loan for
Highway Improvement” and Inclosed In a sealed
envelope directed to the “ Comptroller of the
State of New York, A lbany.”
The successful bidder or bidders will be re­
quired to pay for the bonds, on the acceptance
of the proposal, by deposit in the Bank of the
Manhattan Company In the City of New York
to the credit of “ Treasurer of the State of New
York on account of the Highway Improvement
Fund.” of the amount of the award, together
with premium and accrued Interest from Decem­
ber 1, 1906. less the amount of the deposit of
such successful bidder or bidders which will be
applied toward the payment for the bonds. All
other deposits will be returned by mall to the
respective bidders within three days after the
bonds have been awarded, unless different In­
structions to the Comptroller as to the return
of the deposit are duly given.
The Comptroller reserves the right to reject
any or all bids which are not In his opinion ad­
vantageous to the Interests of the State.
W ILLIAM C. W ILSON,
Comptroller.
State Comptroller’s Office.
Albany, N. Y.
November 17, 1906.

HIGH GRADE B O N D S
L litu u p o n

req n eiit.

Denison & F a rn s w o rth ,
BOSTON an d

L.

CLEVELAND.

E X E M P T FR O M STATE, COUNTY
AN D CATV TA X E S

Blodgetj Merritt

Co ,

BANKERS,

16 Congress Street,

B o sto n .

3« NASSAU S T R E E T , N E W YORK.

STATE, CITY & RAILROAD BONDS.
A d ria n H. M u lle r & Son

AUCTIONEERS.

R e g u la r W e e k l y Sales

STOCKS and BONDS
OF

EYERY WEDNESDAY.

%
O ffice

N o.

55
W IL L IA M
STREET
C o r n e r T i n e M tre e t.

A F in an cial C o u rts h ip

Or a Plea for Conservative
Investments
(By F rank W. Rollln.)

The above book will be furnished
w ith ou t cost on application to
E. H. ROLLINS & SONS, 21 Milk
8t., Boston.

THE CHRONICLE.

1372

[ V O L . L X X X 1 I1 .

(optional) gold coupon street-paving bonds offered but not one bond of each issue yearly on Oct. 1 from 1907 to 1916
sold on July 15. We are informed that it is the intention inclusive. Bonds are exempt from all taxes. Certified
oi' the town not to re-offer these bonds until next February, check for 1% of the bonds bid for, payable to the City Treas­
as the money will not be needed until that time.
urer, is required. Accrued interest to be paid by purchaser.
Vanderburgh County (P. O. Evansville), Ind.— Bids.— The amount of bonds to be offered will be reduced should
Following are the bids received on Nov. 22 for the 8150,000 any of the assessments be paid in cash before time of sale.
West Elizabeth, Allegheny County P a.— Bonds Not Sold.
i A % 15-year redemption bonds awarded, as stated last
‘ x
— No sale has yet been made of the $6,500 4)^% coupon
week, to Francis J. Reitz of Evansville:
general-improvement bonds offered without success on Oct. 1.
F. J. Reitz, Evansville. _$154,510 00 N. W. Hands & Co. and
K. D. Bush & Co., Ind.|
E. H. Rollins & Sons,
R. Kleybolte & Co., Clnj 154,055 55 Chicago _____ _____$153,030 00 See V. 83, p. 778, for description of securities.
Jas. F. Elliott & .Sons and
J. F. Wild & Co., Indian­
White Plains, N. Y .—Bonds Not Sold.— No award was
Breed & Harrison___ 153,170 50 apolis_____ _____ _
152,250 00 made on Nov. 22 of the $85,000 4% 30-year water bonds de­
Weiser School District No. 16 (P. O. Weiser), Washington scribed in V. 83, p. 1192.
County, Idaho.—Bond Sale.— This district has awarded
Bond Offering.— Proposals are again asked for the $85,000
$1,000 5% gold bonds offered on Nov. 1 to the State of 4% water bonds mentioned above, this time until 8 p. m.
Idaho. Securities are dated Oct. 1906. Interest January Dec. 3, by the Board of Trustees, John J. Brown, President.
and July. Maturity September 1913.
Authority Chapter 769, Laws of 1896. Denomination $1,000.
F-Weliesly, Mass.—Bond Sale.— On Nov. 26 $104,000 4% Interest semi-annual. Maturity 30 years. Certified check
coupon school-house bonds were awarded to E. H. Rollins for 5% of bid, drawn on a State or national bank or trust
&, Sons of Boston at 101.277 and accrued interest—-a basis company, required. Peter Paulding is Village Treasurer.
Willoughby, Ohio.—Bonds Awarded.— The $2,500 4y2%
of about 3.83% . The following bids were received:
sewer bonds bids for which were received on Nov. 19 were
E. H. Rollins & Sons, Bost..101.277 Rud. Kleybolte & Co., N. Y.100.82
Blake Bros. & Co., Boston__ 101.23 Adams & Co., Boston______ 100.811 awarded on Nov. 26 to Lamprecht Bros. & Co., Cleveland,
R. L. Day & Co., Boston___ 101.217 Estabrook &Co., Boston___100.81
.N. W. Harris & Co., Boston. 101.21 Geo. A. Fernald & Co., Rost.100.686 at their bid of 100.20. See page 1311 of last week’s issue
Blodget, Merritt & Co., Bost.101.088 Merrill, Oldham & Co., Bost.100.649 for list of bids.
Denison & Farnsworth, Clev.J 00.888 W. J. Hayes & Sons, Cleve..100.63
Woodville, Sandusky County, Ohio.—Bond Offering.—
Denomination $1,000. Date Sept. 1 1905. Interest Proposals will be received until 12 m. Dec. 19 by Otis
semi-annual. Maturity $6,000 yearly on Sept. 1 from 1907 Bittinger, Village Clerk, for $5,650 4% registered First
to 1923 inclusive and $2,000 Sept. 1 1924.
Street sewer assessment bonds. Denomination $565. Date
Wellston, Ohio.—Bond Offering.— Proposals will be re­ Dec. 19 1906. Interest Jan. 5 and July 5 at the Village
ceived until 12 in. Dec. 4 by J. H. Brown, City Auditor, Treasurer’s office. Maturity $1,130 yearly on Jan. 5 from
1908 to 1912 inclusive. Bonds are exempt from all taxa­
for the following bonds:
$14,360 4 i 4 % coupon New York Avenue improvement assessment bonds. tion. Certified check for 10%, payable to the Village
Denomination $1,436.
Treasurer, is required.
1,765 4 } 4 % coupon Second Street improvement assessment bonds.
Woonsocket, S. D .— Bonds Not Sold.— No sale has yet
Denomination $176 50.
1,705 4^% coupon First Street improvement assessment bonds. De­ been made of the $5,000 6% bonds which this city has been
nomination $170 50.
1,710 4 ] 4 % coupon Broadway Street improvement assessment bonds. offering. These bonds are to be issued as a bonus to aid in
Denomination $171.
building the new court house. Denomination $100. Date
Theabove bonds will be dated Oct. 1 1906. Interest semi­ Oct. 20 1906. Interest semi-annual. Maturity twenty
annually at the First National Bank in Wellston. Maturity years, subject to call after three 3rears.

IWVESTM E I T S ,

ERVIN

&

COMPANY,

INVESTMENTS.

F©BL

HVYE8THEBNT.

43 Exchange Place,
New York.

0A&

T

Detroit.
N ew Y ork.

P hiladelphia.

Examines & guarantees Real Estate Titles.
Loans Money on Rond and Mortgage.
Furnishes Mortgages to Investors.
Receives Deposits subject to checH, allowing
Interest.
Does all Trust Company Business.

Albert Kleybolte & C o.?

Specialists in New Jersey Securities.

e is e l e &

K in g ,

Street,

CIN CINN ATI, ©.

and

M iglii-G ra d e P u b l i c
S ecu rities

S erv ice

Correspondence Solicited

C
o.

W illia m R, Compton
Bond & M ortgage
MACON, MISSOURI.

(Established In 1989.)

B AN K E R S,

MISSOURI MUNICIPAL BONDS—
School, City, County and Drainage
Our list gives a wide selection of
many attractive issues in siz6\ of
$2,000 to $100,000
Opinion Chicago eounsel, full legal
papers furnished
We buy direct and handle nothing on
brokerage
MUNICIPAL AMD CORPORATION
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular
B ONDS.
New York, Chicago, St Louis and
Kansas City references
x8x La Salle S&reet, Chicago.

Members of New York and Philadelphia
Stoek Exchanges.
Private Wires to
‘J S'-TSS1B r o a d St.,
’S’
N.Y. and Philadelphia.
NEWARK..

Mac Donald,McCoyp; Go.,

W IL L IA M K . C O M PT O N . P re s id e n t.
4 Warden Bonding:,

MUNICIPAL AND RAILROAD

BOr^lDS.
XJ8T ON APPLICATION.

SEASO N G O O D & M A X E S
Raercaiitile dLibeary fStsSMlag,
C IN C IN N A T I.

FINANCE COMMITTEE.
In Charge or Banking Interests.
ED W A R D T . BED FO R D .
CLARENCE H . K E L S E Y .
ED G AR L . MARSTON.
W IL LIAM H . NICHOLS.
JAMES H . O LIPH AN T.
CHARLES A . P E A B O D Y .
JACOB H . SCHIFF.
JAMES SP E Y E R .
E D W A R D O. S T A N L E Y .

Municipal,,
County, State,

INVESTMENT B O M B S ,
BOSTON.

'W a ls iiit

g u a r a n t e e
sea Street.

BONDS

409

it l e

$M,ooo,QOO

176 Broadway. New York.
17S Rem
Brooklyn.
198 Mtcntegue Street, Brooklyn Banking Dep!-

AND

PUBLIC SERVICE CORPORATION

Perry, Coffin & B urr,

r

andTR U ST c o m p a n y

MUNICIPAL

Brexel Building,
Philadelphia,

60 State Street,

M IS C EL L A N E O U S .

H. W NOBLE I COMPANY,
.

BANKERS,
(I?ew York Stock Exchange,
ers ^pj^jk&ei|ihia stoek Exchange,

j

CLARENCE H. KELSEY President.
FRANK B AILEY, Vice-President.
ED W AR D O. STANLEY Second Vice-President,
Manager Banking Department.
CLINTON D. BU RD ICK, Third Vice-President,
J . W R A Y CLEVELAND, Secretary.
ARTHUR TER RY, Treasurer.
P R A N K L . SNIFFEN, Manager Brooklyn Banking
Department.

A M E R IC A N
TELEGRAPHONE
COMPANY
Treasury Stock
Sterling Debenture Corporation
Room 422,
W 56 A L L

BONDS

STOCK

ST.

NEW

YORK

CERTIFICATES

Engraved on steel or lithographed, or
partly printed and partly lithographed.
Book of 100 certificates, steel-plate bor­
der, and seal press, $15; cheaper styles
as low as $2 50 for a book of 50.
A LBERT B .X IF G & CO., 206 Broadway, N. Y

MAX B. BORG*
SCisceilaaaous Beads aad Curb
A SPBCIALTY.

BR O A D

ST.

NEW

8865 RECTO R,

Seoaritifif

YORK.