The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
—
d
:
finanrial
rnntrb
INCLUDING
Bank and
(flotation Section
and City Section (semi-Annuaiiy)
Street Railway Section ('"'^Jf 68)
State
(Monthly)
Railway and Industrial Section (Quarterly)
id the year H)05. oy William B. Dina Company, Id the o'Hoe of Librarian of Con* reus, Washlngtou,
Po»1 office. New Vork. a« «ePon<1-cltm« ra*iter— *v ii.liam B. Dana Compant Publishers. 7rt^ Pine St.. N. Y.
ntere-d aooonttDg to Act of Congrtuw.
A weeMr ne»«onner
entered
»'
SATURDAY. DECEMBER
VOL. 8l
£he
Clearings at
(Chronicle.
Week ending December
—
Inc.
1905.
1904.
Subscription
ol
— Payable
For One iear
For Six Months
European uoscrnuion (inolurting postage)
European subscription si\ Months (including postage)
$10 do
6 OU
13 00
7 60
Annual subscription in I<on<lon (including postage)
Months subscription in I>ondou (including postage)
£2
£1
Six
%
buOscription includes following Sections—
Bank and Quotation
I
BAU.WAtA.ND
I
(montlilv)
Indcsikial (quarterly)
Terms
Advertising
ol
1
— Per
Transient matter per inch space (14 agnte
(
a,.. rt :„„ Business <^„. i.
Standing B„ a ,„„ =0 Cards
J
1
(
|
Cincinnati
$4 20
2'.' 00
29 00
lines)
(8 times)
Three Months
Su MoI„ ns
(IX times)
Twelve Months
26
tlmt>8)
-,0
1
WILLIAM
BANA COMPANY,
B.
Pine street. Corner
l»o«r
Box
•<•
llfli
Milwaukee
Indianapolis
Toledo
. _
Peoria
Orand Hapids...
Dayton
C.
Springfield,
111
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day have been $3,297,693,366. against S3 225. 716. 306 last week and 32,910,275,458
the corresponding week last year.
cnd:r.o
bv
.
New York
1905.
1904.
11,828.520.407
151. 716,589
114,435,424
81,032,440,739
132,048,042
108,968,379
22,469,448
168,578.228
...
Boston
Philadelphia
Baltimore
Chiraeo
:,191
191,382,771
53,637,136
St.Loms
New
Orleans
Seven
days
Othercitles. 5 days
Total
all rifles,
All cities.
•
Total
12
cities. 5
1
5 days
..
,958
$2,
day
all cities
35
364,947,623
20,984.373
I
I
$2,167,939,990
335,149,768
S2.503.089.764
407,1
545,1
for
week...
$3,297,693,366
$2,910,275,458
+
+
+5.0
+ 5.8
+ 13.5
+ 4.2
+ 12.7
12.0
14.9
+ 10.1
157,154.217
163.584.463
23.214,250
14,504,797
10.686,733
1,830,090
5.879,706
4,581,950
2,991.633
3.381,789
1,647.212
1,503,581
1.002,313
597,134
787,252
652.300
040.852
648.736
433.134
650,079
355.580
328,301
360,039
201,117
197,552
169,240
181.114
157.882
899,610
904,532
521,700
002,500
777,250
672,810
506,531
815,280
420,883
594,204
473.576
538,553
384,420
381,045
557,783
439,720
432,461
383,877
366,383
331,216
340,997
269,805
318,450
275,252
285,820
218,190
151,002
127.574
890,000 Not included
377,131 Not. included
111
.
Jackson
\nn Arbor
Wayne
Fort
South Bond
Tot. Mid. West
Francisco
LakeClty..;
and
oa
i
Fall.!
Total Pacific
KansasClty
the week covered by the above will be
given next Saturday.
We cannot furnish them to-d
clearings being made up by the clearing hoi'
Saturday, and hence in the above the last clay of the w<
has to be in all case
as we go to press Friday night.
Wepresentl
>ur usual detailed figi
previous
week, covering th<
iod eliding
day noon December 9 an
week in 190 1, 1903 and 1902 ar
with the week of 190 1 the total for thi
a loss of 2.0 per cent.
Outside of New Sfork the incr
over 1904 is 7.1 per cent.
..
eph
c.
Sioux City
lort
190,0'
Tot. other
Wcs
ms
Rochf-svr
Scranton
Syracuse
Wilmington
Readins
Wllkes-Barre ...
Wheeling
5,0'
..
-.
042
Erie
Chester
Total Middle.
.191
•
10
119
I
'IT
1
Blnghamton
Greenpburg
Franklin
i
1,480 son
1.305,
1,169, 134
881, .'7
600,
507,
nirmlnn-ham
1.1
'
14
344 012
2, 303. 004. 51'.'? .S04,t)07.9.M
!
-5.0
01,301
.
<
,398,847
ll
'
8,700
1
'
'
1,503
7,122,292
5.403,000
4,828,344
4,370,591
5.484,937
,408
9,628
1,782.447
f ,584,753
1,640.939
7,372
1.098,994
1,272,760
I.-1
18.8
299
33,914
900.000
902.454
I
I
949 R83
"
634,000
417,
16
771,000
1.001
175,81 3 759
i
'ii
total
+ 10.2
,g
148,1
I
I8,24o,091
—2.0
+ 7.1
1,120.181.260 1,046.1!
22,453,822
I
I
.2.
142,607
ancouver
II
unllton
John
London
81
\
2,004,604
2,498,440
1.968,052
1.019.055
-.178
'2.222
1.513,
I
•'
02-1
1.007
16,740,279
is 20
,Sli2
120
1,454,173
I. lsl|.
•
+ 0.1
—0.5
+ 14.1
2,7
2,18;
1.709.7H'.
1.2
l,2l
1.21
28,541,161
22,567,792
9,846,11
I
18,015
.
V
tul. Iidi
1.514.2'.-? V
10,522
7
1,777
3H.270.7sr,
Vi'lnnloeg
Quebec
477.664
00,700,804
48,133,556
00.01
977
3/291,348,845
to
l
I
— 12.0
— 13.1
"Voo'ooo
871 292
Oa..
089
244,
4-14.6
I6J
146.295
Canada
.',.
+ 16.2
+ 9.6
549,901
572,268
1.351
i
-
.0.000
913,978
'J.
1,23'
1,437 K02
.
Bouth'i]
.t
475 100
409,
298, 840
II
7i.l
'all
1
760 094
1,350,348
'
2,049
..
le
,023
1,058
1-
3,1
2,31
1,03!
3.009 991
...
Outride N. York.
i8,271
1.691
1.27
2,376,643
1,742,742
1,599.098
4,44
d
+ 11.0
+ 4.7
000
1.992
4.510,
o th
'.
"
52.214,745
21,141,000
17,104.006
7.313,850
0,990,014
5,057,405
5,1
4,071
Hie
10
53.315,226
21.020,017
I6;930,910
7,448,759
5
244
172.719
321,319
247.564,679
28,507,459
5.011,702
4,399,066
4,211,266
3,538,683
1.992,294
2,132,140
858.881
091,041
278,013
225
ibtis,
—0.2
7,938,801
4.135,101
4.248.114
3,822,518
2,200.848
2.170,885
MI7.21N
;
0,417
11,4
•
129
260.S47.854
26,799,701
—3.6
i
17.6
I
'
e
I
500
nh
%
6.187
6.165 812
3.471
a
84,9:
11,64
ilfl
880.427
21,322,371
i
;
5
052
1.864, 514
937
(g
9
Buffalo
Washington
Albany
50':.
19
198,317
80,410
1,-1
+ 27.1
+ 21.4
+ 40.4
+ 24.4
—7.0
+ 39.0
+ 6.9
+ 0.5
1,0
28
-Inn
L902.
928
50.317 745
04
9
'<:
1.049,527
I
ill
(j
Baltimore
2,9; 5,
1 80!
27,607 947
1,716
1,464
1904.
$
245,1
?2,576
591,686
6,854,038
5,15
5,984,727
14,661
mooTo
$
960
76)
ton
•rcember 9.
Philadelphia
Pittsburg
+ 7.8
+ 29.4
+ 11.0
+ 54.9
+ 47.8
+ 25,0
+ 48.2
+ 30.3
+ 52.2
+ 7.2
+ 23.8
+ 30.3
+ 9.1
+ 1.9
+ 6.0
+ 18.4
—0.5
+ 9.0
—1.4
+ 8.0
:
90.771 319
64.2
Clearings al-
New York
i-
222.!
in total
in total
t
,
1905.
3
714 Old 513
ilds .
+ 0.7
+ 20.8
+ 12.7
+ 10.6
+ 20.3
+ 15.7
+31.0
+ 18.4
60.411,830
24,954,659
i"
1,249,1
tlorado Snrines
—29.2
—12.1
4,062.376
3,004,366
3,213,105
710,977
78,096,093
27.308,24
Wichita
'
+ 15.2
+ 17.6
+ 11.9
—5.8
+ 5.4
—13.4
+ 15.5
+ 61.0
4,110.?:::!
24.41"
9,103,358
8,118,381
5,127,176
6 556,712
2,984,560
1,971,16!
749,678
1,199 320
:>olis
a 9
—11.6
300.021.28!
30,495,995
9,142,293
4,381.871
4 153,580
4,186,858
1,082,112
1,009.40
432.091
ia
'.1
+ 34.0
+ 13.3
330.031,510
39,454,431
10.145.800
0. 785,918
6,000,724
5.079,112
Sookane
Sioux
— 15.9
847,606
Mansfield,
Jacksonville,
+ 8.9
full details for
,
1,535,371
149.485.738
176.589,901
22.255,550
14,089,474
9,222,389
8,763,137
6,280,508
4,484.900
3.289,729
3.731.795
1,952,412
1,709,446
1,310.220
721,803
702,351
067.000
551,318
715,819
572,230
440.900
390,481
378,886
332,059
205,201
210,595
Ohio
i
The
+ 6.5
+ 8.1
—3.4
+ 33.1
+ 18.7
+ 0.8
+ 5.1
+ 14.4
Bloomlngton
Quiney
Decatur
Sail
.0.787
11,817
. .
175.308,969
209.738,130
26,854,300
13.574.758
11,242,936
9,978,872
7,032,381
5.459,000
4,905,904
4,125.209
2,054,827
1,712,972
1,010,366
ngeles
Seattle
Per
Tclerrraph.
[8
186.689.107
226,772,300
25,940.200
18,069.213
13,338,070
10,062,723
8,020,709
6,243.400
4.127,303
3,648,715
2,368,119
2,013,028
..
3 in
— R'l^ms
138.807.029
6,863,200
2,795.528
1,819.751
1,513,715
1,611.702
1. 324, 007
1.098,006
535,822
488.783
327.554
Youngstown
Canton
Rookford
VllliK.
Snrlngfleld.
Wtik
131.011,980
7,230,900
2,528,292
1,888,896
1,630,128
887,721
1,030,037
1,037,309
481.585
649,939
608,951
Lexington
NKW
CLEARING HOUSE RETURNS.
Clearings
+ 5.8
+ 4.0
+ 15.8
+ 9.1
+ 18.5
+ 8.9
+ 23 .3
+ 57.1
+ 15.S
+ 17.2
+ 1.2
Kalamazoo
Akron
ol Pefirl Siieci.
1902.
155,548.757
7.694.400
2.967,409
2,115,651
1,579,193
1.399,921
1,675,342
742,743
476,414
559,377
549.702
Evansvule
l*u hlialiers,
<»%>.
-
Cleveland
Detroit
Columbus
„
S7 00
(52 times)
OH1UAGO Oh KICK— Pliny Barllett. 513 Monadnock BIock.
LONDON OVM ICE— Edwards smith, Drapers' Gardens. E.
dfc
New Eng
Total
Chicago
Inch Space
Two Mouths
Worcester
Portland
Fall Kiver
Lowell
New Bedford
Holyoke
Statu and City (semiannually)
struct Kailway (3 tiroes yearly)
$
1,717.081
New Haven
Springfield
148.
lis.
1903.
164,549.724
8,002.300
3.430,457
2.308,080
1,871,016
1,524,258
2,060,770
1,167,096
551,371
655.721
556,314
Boston
Providence
Hartford
Advance
in
9.
or
Dec.
PUSL.SHED WEEKLY.
Terms
C.
NO. 2112.
1905.
16,
1).
.
4-7.0
7.041
I,
KM
u.i
1,630.703
1,001,847
1.053,535
1,042,124
912.037
761.810
OS 1.107
:.
Ictortn
Tntdl
f
*iMif1«%
IK
d'>- Ol
i
1
no'
M
I'M 1 ..,
THE CHRONICLE.
1692
[Vol. lxxxi.
when commerce became more active and needed the
notes that had been withdrawn, they were disbursed.
CHICAGO STOCK MARKET.
Our record of the transactions on the Chicago Stock
Exchange for the week and year, which is now a
regular feature of the "Chronicle," will be found to-day
on page 1714.
That was an
artificial
contrivance growing out of the
needs of the general situation, worked by men of sound
views who knew well the defect of the monetary system
our industries had to deal with.
No one recognized
better than they the temporary character of the device;
THE FINANCIAL SITUATION.
We
week
stated last
in
usually high rates for call
to a lack of currency as
but the hope was that public sentiment would in time
this column that the un- develop an automatic system carrying into practice, and
money could not be due making effective and permanent the idea of currency
we have gained in the volume contraction and expansion in accord with the wants
months 88 million of commerce. In these latter days, however, the imtwo years 213 million dollars; portant function of contraction is ignored, expansion
in circulation during the last twelve
dollars
and
in the last
becoming the chief, if not the only, concern. In that,
market has grown worse instead of better. Excep- interest more liberal ways of adding to the volume of
Is it not bank notes have been devised and
tion has been taken to that conclusion.
put in operatrue, it has been asked, that 50 million dollars of tion; besides these, 2% Government bonds have been
bank notes let loose to-day would break the stringency issued in every way open to the Treasury Department,
The effects, immediate and Philippine securities have been made to do service in
in the call-loan market?
remote, of such a fresh emission of currency we do the same pursuit, and now at length, and probably in
not undertake to unfold. No doubt it would act as an an almost limitless amount Panama Canal bonds are exone phase of which might be a pected to afford a basis for a like volume of new issues.
industrial shock
temporary relief from the high rates for loans This has thus become the restful assurance of the mananother might be a material loss of confidence; another agers of the speculation now so rampant that new bank
the encouragement of a new term of the current specu- notes can be turned out as fast as wanted, the money
lative mania; and still another, and later, a violent market can therewith be relieved as often as required
liquidation.
Of one thing we may be sure it is not from any existing strain, and the term of seeming
the medicine the country needs; and the truth of prosperity be kept alive through another year. May not
that, we repeat, is proved most positively by the that be a somewhat visionary reliance? We have seen
experience of a worse instead of a better state of the it has not been the course of affairs produced under the
money market after a gain in currency afloat in 12 stimulus of the recent currency expansion. Is there
months of 88 million dollars and in the last 24 months any greater certainty that it will prove more obedient
of 213 million dollars.
A specific ought to lose its to the will of the inflationist in the future? Besides it
infallibility in public estimation after such trials and would seem possible that, before we get through with
failures as those cited.
our canal enterprise, among the other effects produced
by this prolific method of manufacturing bank notes
What our industries need for regular, healthy de- Government bonds will fall below the point at which the
velopment is, as we have so often said, a currency profitableness of the bonds as a basis of circulation will
thoroughly in touch with commerce contracting and have vanished, however much legislation may hedge in
expanding as the requirements of trade increase or that privilege?
decrease.
There are several reasons why we could
A favorable occurrence this week has been the denot approve of Secretary Shaw's proposal as it stands;
yet,
in
spite
that change,
of
the situation of the
,
;
—
—
—
Court of Appeals of this State sustaining
open to criticism. Material change would be obvi- the contention that the courts have no right under the
ously needed before it could become automatic ex- election law to order the opening of the ballot boxes
panding and contracting the currency with equal fa- and a recount of the vote. Judge Gray wrote the opin-
in fact,
it
is
not sufficiently elaborated to be fairly
cision of the
—
cility;
so long as either function
was attended with ion
would have to be classed with the
unavailables.
Until a comparatively recent date an
ingenious management of the Government receipts
and disbursements made a very fair substitute for
contracting and expanding the currency afloat.
Through it the currency volume in circulation was regulated for a long number of years from one adminis-
friction, the device
of the Court, four other
only two dissenting.
The
members concurring, and
case
is
highly important, as
Judge Gray says, not so much because of the question
of which candidate is entitled to a certain office as because of the principle involved. The point at issue was,
did the Legislature intend that the Court or a Judge
thereof should
sit in
the election officers?
review of the ministerial work of
If
that was their power and duty
by each succeeding Secretary of the the announcement of the result might always be left in
Treasury. The usefulness of the plan was only feas- uncertainty until long after it had been pronounced by
ible when the Government revenue was in excess of the board of inspectors at the close of the canvass. This
its disbursements.
In that case the Secretary would would be a deplorable situation. "Of course."' says
tration to another
let his
surplus accumulate in the Sub-Treasury from
the Judge, "the provisions of the law are to be given
month in spring and summer while the the fullest effect which they permit of;" but, in his opininterior movement was toward this city, and as soon ion /'no construction by the Coui't is justified which peras the demand to move the crops set in, the same mits of judicial interference with a revision of elections
official found measures for letting these accumulations beyond what is plainly found authorized by the
In this way, at the time of the year while money statute; and I do not find any provision of this law
out.
was a drug in the market, a healthy contraction by which goes so far." One or two features of our elec-.
month
to
collections in the Sub-Treasury
was
in progress,
but tion methods and practices have been brought into.
—
TI1K niKoNicu:.
Dec. 16 1005.
L693
comaging feature
which differentiates the
to be remedied.
One is thai greater care should be current activity from anything of the kind witnessed
We refer to the fact that prices are being
devised for securing a higher class of clerks and inspec- in the past.
ignorance dis- kepi on a moderate basis of values. The} are of
tors.
The carelessness, incapacity and
closed through the errors brought to light in the returns course considerably higher than on occasions of de
Another indefensible source pression in the recent past, but they are way below
do not admit o<i excuse.
prominence during
which certainly ought
this litigation
present
at
1
weakness is our present ballot law. It should 1m
most carefully studied and revised. 'The claim has
likewise been made thai when the Legislature meets a
new law will be passed to annul the above-mentioned
decision and authorizing the opening of the ballot
boxes and a recanvass of the vote. Such an Act will
never be passed.
would violate every sense <d
It
propriety and so arouse public opinion as to prevent its
1
of
1
the figures reached
lower,
for
in
than
instance,
"boom"
other
the
at
time of
the
1899
buoyancy.
Certain
statistics
published
pressive testimony to the
week afford im-
this
volume
of business at present
being done and also throw an interesting
light
on the
prospects for the immediate future of the trade.
season's shipments
it
The
of iron ore
regions will reach,
consummation.
much
period-
from the bake Superior
appears, about 34,100,000 tons.
compares with only 21,822,839 tons last season,
Our foreign trade movement for November, pub- thus showing an increase of over VIV^ million tons,
lished this week makes a very satisfactory showing in or nearly 609?
The largest previous total was in
This
,
•
when the movement
The present season's
the general results.
Every merchandise total indicates 1002,
an increase compared with the same total a year ago. not tons.
only
imports and exports but also
in
For instance,
trade balance.
t
the favorable
in
the best previous record by
Novem- extraordinary
he imports for
27.571.121
exceeds
\Sy> million tons.
ore shipments
ber 1905 were $98,620,255, against S05,170. 172 for of the large earnings being
the same month in 1004: moreover, the 1005 total im- in the ore-carrying trade.
aggregated
total, therefore,
we
see one of the causes
made by
On
In these
the roads engaged
that
point
it
should
always be remembered that there are two classes of
the foreign trade record.
Again, the merchandise ex- roads that profit from these ore shipments. The
ports iu November were $170,297,885, which, it should first class consists of the lines that bring the ore from
be remembered, is the largest total not only in Novem- the mines to the Upper Lake ports.
From these
ber but in any other month in the country's foreign latter ports the Lake boats move the ore to the Lower
ports were larger than any other
November
total
in
Taking the imports and exports together, Lake ports, whence the second class of roads carries
the aggregate foreign trade for November was $268,- it to the points of consumption at the various iron
No single item could more forcibly portray furnaces. The most remarkable circumstance, how918,140.
the extreme and exceptional activity of the country's ever, in connection witjr the present activity in the
commerce which is just now in progress. We are apt ore trade, is still to be mentioned. This feature is
to speak of the crops, when they leave the farmers' referred to by the "Iron Age" of this cityOur conhands seeking a market, as the chief source of our rail- temporary points out that at the end of the first week
roads' traffic.
It is still, in good part, farmers' pro- in December, with cargoes of 1005 ore still coming
ducts we meet with as we measure trade movements at down the Lakes, it is authoritatively estimated that
the country's outports, but it is in a diversified form, nearly 90% of the merchant ores to be mined for 1006
and much of it in a more productive shape to the roads. have been sold. Careful computation also shows, it is
That is especially so when the figures cover manufac- stated, that, counting in the ore of consumers having
tured articles, and so. also, when they include not only their own mines and of consumers receiving ore on
trade record.
now been
exports but imports as well, the latter finding distribu-
long-time contracts, there has
Another important item is
the trade balance, which, as we have also said, was
of all the
of 36,000,000 to 37,000,000 tons
larger than the balance in 1004. being $71,677,630 in
and
November
few weeks ago the merchant ore interests
tion
over the country.
all
1005. against $62,898,485
1004.
in
an explana-
results in the recent balance furnish in part
tion of the lack of a gold
movement from New York
though Europe has shown
ness to
These
a
al-
.
need for and also a willing-
the exports, they are
more
about
1
is
,
An output
ore available for next year.
of this only
figured on for 1906.
.000,000 tons
for sale.
A
made an
ad-
is still
vance of 50 cents a ton in the price of ore over the
basis of 1005
in the case of certain high-grade ores
—
the increase,
make concessions to induce such a How. Speaking vance
farm products
Lake
placed 06'
it
is
stated, was 58 cents
— but
this ad-
has not operated in the least to diminish the
No- eagerness of consumers to contract for their full revember the current year than a year ago. being (in quirements from May 1 1000 to May
1007.
The
s'.H),"breadstuffs, provisions, cotton and petroleum")
"Alio" points out that this state of tilings
especially
of
in
in
1
\*>
3411.052.
year's
against
total
months
is
$88,037,907, but even the current
considerably
in previous
in
than most other
favorable crop years.
though, for an increase
ports
less
in
that
We
department
December and. not unlikely,
fall
look.
of ex-
the
present
take
in
the meantime.
some sub-
As far as current iron production is concerned, it
on an unprecedented scale. The make of die pig
metal in November was slightly less than in October,
only one word that adequately describes
month only contained 30 days, whereas October hail :>l days.
The rate of production in November was actually larger than for October or any
previous month.
In brief, the output in November
in
uent months.
is
noteworthy in view of the fact that there will be no
chance to gel lower-priced ore for nearly seventeen
months, no matter what turn the iron market may
activity
"marvelous
in
the iron and
steel
trades
There have been previous periods of
in the iron industry, hut thai now
l>ein<r enjoyed
by the country surpasses in every
ect nil similar era-.
There is. too. one highh en
exceptional activity
but the
was 2.014.021 tons, against 2,053,174 ton- in October,
1,899,500 ton- in September and 1,741,935 tons in
THE CHRONICLE.
1694
July.
Adding 30,000 tons
for the
output of the char-
coal furnaces, which are never included in these re-
turns, the present rate of pig iron production,
tained for a year, would give a total for twelve
over 25,000,000
of
months
was an addition
There
tons.
main-
if
during November of 11 to the number of active furnaces, and the weekly capacity of the furnaces at
December
work
1905 was 474,714 tons, which compares
with only 408,617 tons as recently as July 1 and with
1
357,846 tons on December
185,636 tons on January
1
1
of last year
of last year.
and but
Truly the
transformation which has occurred in this period of
less
than two years
We
is
wonderful.
are glad to see that
many
of our
prominent
[Vol. lxxxt.
The Imperial Bank of Germany on Monday advanced its rate of discount to 6% from 5^%, at which
it had stood since November 4, and the Imperial Bank
of Sweden and the Bank of Norway advanced their
rates this week to 53^% from 5%, at which they have
stood, the former since September 21 and the latter
since June 16.
With these exceptions there was no
change in official rates of discount by the European
banks; unofficial or open market rates were, however,
compared with last week, y% of 1% higher at
London, }/$ at Paris and 3^ at Berlin and FrankWhat seems to be the most reasonable
fort.
explanation of the sharp advance in open market
London
discount rates at
this
week
is
that
the
Bank of England has sought to obtain control of the
warning against the preopen market rate through bidding for money in that
vailing tendency to increase the functions and powers
market. This course may have been taken by the
We referred last week to
of the Federal Government.
Bank in connection with a further advance in the
the remarks made by James H. Eckels, formerly
price of gold bars of 34 °f a penny per ounce which
Comptroller of the Currency and now President of a
was made on Friday, thus affording additional proleading Chicago bank. This week William B. HornA rise in
tection to London's stock of the metal.
blower, at the annual dinner of the New York Southern
open market discounts at the British capital would
Society, was equally emphatic in opposing further
naturally cause an advance in such rates at other
concentration of power at Washington. Mr. HornEuropean centers.
blower's theme was "American Common Sense." He
The notable feature of the statement of the New
referred to the present cry for Federal control as one
York Associated Banks last week was the reduction
of those waves of emotionalism which in different
Loans dein the reserve to $1,246,525 deficiency.
forms have on various occasions in the nation's history
creased by $7,561,500 and deposits $14,936,800; the
threatened to sweep away the country's standards,
cash loss was $7,546,100, or much greater than was
but which have always been beaten back by American
estimated, probably because the receipts, which were
common sense, things working out all right in the end.
attracted from the interior as the result of the high
He thinks the experience on the present occasion
rates for money, were not important until after the
will be the same and in this we are sure conservative
middle of the week. Secretary Shaw announced on
opinion will agree with him. That belief, however,
Monday that, beginning with December 15, the interest
does not lessen the necessity for vigilance or for showing
on the public debt which would mature on January 1
the dangers lying in Federal control
The people have
would be disbursed; this interest amounts to $4,been shocked by recent revelations, hence the cry
150,028.
goes up, Let us have Federal control of the railroads
and the corporations, Federal control of the insurance
The New York market for money was somewhat
companies and Federal control of almost everything
easier this week, chiefly because of offerings of funds
Mr. Hornblower expresses his belief that
in sight.
from near-by and Western cities, and though the Treasthe Constitution still means what it says, namely
ury continued to absorb money from the banks, the
that "Rights not expressly granted to the Federal
amount reported as withdrawn was smaller than in
Government are reserved to the States and the people
previous weeks. Money on call, representing bankers'
thereof."
Admitting that corruption has been found
balances, loaned on the Stock Exchange during the
to exist, the question is asked, Is Federal control a
week at 15% and at 3%, averaging about 8%; banks
panacea for corruption? Are Federal officials immune
and trust companies loaned at 6% as the minimum.
from corruption? Every well-informed person is in
On Monday loans on the Exchange were at 1 5% and at
position to answer these questions for himself.
Mr.
6%, with the bulk of business at 10%. On Tuesday
Hornblower is not a man inclined to predict calamity,
with the matransactions were at 12% and at
but he does affirm that if we go on concentrating power
On Wednesday loans were at 10% and
jority at 8%.
at Washington there will come a time of corruption that
at 9%.
at 3%, with the bulk of the business
will horrify the whole country.
"Let each State/'
On Thursday transactions were at 13% and at 6%, with
he says, "be responsible for its own affairs. That is
On Friday loans were at 1 1 and
the majority at 7%
good Americanism and pretty good common sense."
with the bulk of the business at 9%. Time
We are glad to see, too, that Mr. Hornblower unre- at 6%, were easier though offerings were only
contracts
servedly expresses his faith in the integrity oT American
moderate. Rates on good mixed Stock Exchange
business life. Here is what he says on that point, and
the latter being the equivacollateral were 6@7%
it is deserving of wide circulation.
"Extravagant
for sixty, and
lent of legal interest and a commission
assertions are being made about the conduct of our
6% f or ninety days, 5% @6% for four and 53^% for five
fellow-men, particularly if these men be directors of
Commercial paper was quiet and offersix months.
large business enterprises.
A false idea seems to have
Quotations were 53^@6% for sixty to
ings were light.
Gentlemen, the great majority of the men
arisen.
ninety-day endorsed bills receivable, 6% for prime and
who are at the head of corporations are not dishonest.
63^@7% for good four to six months' single names.
Don't think our present business life is rotten to the
There is now but a temporary discore.
It isn't.
The Bank of England rate of discount remains untemper, which will pass away."
The cable reports discounts of sixty to
changed at 4%
citizens are uttering
words
of
.
%
.
—
.
—
\)\:r.
Hi
ninety-day bank
market rate
it is
3J £(§
..")!
thk
li)0.">
London3
bills in
13-16
,
ciikoxicliv
The following shows daily posted rates
exchange by some of the leading drawers:
The open
3)^ and at Berlin and Frankfort
According to our special cable from
at Paris is
._>'
(
.
DAILY POSl ED
London, the Bank of England lost £960,278 bullion
during the week and held £32,550,415 at the close of
Our correspondent
the week.
1G95
i:.\
i
for sterling
FOR] ORE ION EXCHANGE.
E8
in.
Thurt
Dil.
Brown
.v
Co
tit.
North America ...
Bank
open market), to exports of £659,000 (of which
£650,000 to South America and £9,000 to Gibralti
and to shipments of £350,000 net to the interior of
in the
I
-t
'an
of
;,v
80 daj
Stent.
\oo days
—
.
i
".
-
ret
i
15
88
'a
S7
83
1
ST
*
[60 days
(Right.
[60 diys
Merchants
of
88
i
Commerce
.-
iei
i
in..
D*\
1
lleldclbach, Ickel-
Bank
i
86
of
1
J
I
KIH
88
86
(2Det
..
/
it..
Montreal
Great Britain.
83
i
-i
m
Magoun a Co
Bank British
the loss was due to imports of £49,000 (wholly bought
i
B6
itio
Brothers
Boring
further advises us that
days
s
Canada.
86^
..
MiH
8260©4 8275 for
this week, influenced chiefly by a covering of short con- long, 4 8590@4 8595 for short and 4 8050@4 8G60
Commercial on banks 4 8230@4 8240 and
tracts induced by the easier tone for money in our mar- for cables.
ket and firmer discounts abroad, by a demand for documents for payment 4S1%@4 82%. Cotton for
:nent 4 81% @4 81%, cotton for acceptance 4 8230
remittance for the end-of-the-j
elements and by
8240 and grain for payment 4 82% @4 82%.
an inquiry for sighl exchange for the adjustment of
The
foreign exchange market
The market
was generally strong
closed on E riday at 4
i
maturing finance bills. There was an active and a
The following gives the week's movement of money
higher market on Saturday, when the demand was
somewhat urgent for Tuesday's mail. On Monday to and from the interior by the New York banks:
there were indications that this inquiry had been parShipocrl bv
Received by
Net Irvu rim
Week ending December 15.
intnt.
N v. Ba a N. V. Hanks.
tially satisfied, and rates fell off. On Tuesday, h<
sio.04i.ono
Gain $5,137 ono
$4,904,000
000
Gold
Gain 1,028,000
ever, the market was again strong, and one feature
\
—
Total gold and legal tenders
$11,671,000
$5,506,000
Gain $6,165,000
one cent per pound sterling
higher than those on Wednesday of last week. There
With the Sub-Treasury operations the result is as
were, consequently, some expectations of an early ex- follows:
port of gold to London an advance of half a penny per
In In
Ovl of
Net Change in
Week ending December 15 1905.
Hank Holdings.
Banks
Banks.
ounce in the price of the metal at that centre on Mon>06.ooo
Gain $6,165,000
Banks interior movement
day, to 77 shillings 10}^ pence, contributing to raise Sub-Treasury operations as abo'e $11,671,000
Loss 1,000.000
23.150.000
24.150,000
a
rise in sight to figures
—
.
r
$:>..
the gold-export point one-quarter of a cent above the
Total gold and legal tenders
—
normal but it was regarded as unlikely that gold
would be shipped unless there should ba concurrently a
decline in rates for
in sight sterling
a good
demand
money
The
in the principal
On Wednesday
Bank
for remittance
recovered because of a
demand
En"land.. 32.5S0.415
France
Germany
115.401 .SKI
a
la
Aus-Hunb
31,027,000
115,243,000
44.91S.000
Snain
15.012.000,
Italy
20 S09.000
6,602.700
3.292.607
NethTds .
Nat.Belga
for Saturday's steamer;
December 15 1904.
Total.
Gold.
£
Silver.
£
itu
of bullion
of
Gold.
by Thursday's mail, but
this was soon satisfied and in the afternoon the market
grew easier. On Thursday rates fell off and one feature
was fairly liberal offerings of loan bills for short periods,
but these were promptly absorbed and then the market
amount
European banks:
December 14 1905.
there was
Gain $5,165,000
$29,656,000
following table indicates the
here and a material advance
on London.
$34,821,000
Siln
£
Total.
r.
£
32.550.41." 31.22S.06?
43,515,088 153,916.669 106.601.28S
lti 343,000
4 1,370.000 38,384,000
3,641,000 118,884,000 10I.S54.000
12,019,000 .V..957.000 48, 023. 000
22,747.000 37,759.000 14,878,000
3.174,500 30,043, S00 22. ISO. 000
5,017,200
6.055.300 12,658.000
3.272.007
1.646,333
4,939.000
31.22R 062
-:
44.242.77. 150,844, 055
12,795,000 51,179, 00
6,568,00( ins 412, 00
12.136.000 00.759, 90
19,969,000 34,847, 00
3.160.200 25,340, 2 00
6,151,600 11,768, 8 00
1.030.333
4,909, 000
Tot. week 390,930.303 103,141,221 494,077.584 372,638,211 100. 0S4. 900 479,293.117
Tot. prev 391.362,823 103,587.339494,950.102371,997.322 106,410,493 478,407,815
same time there was a good inquiry for bills for
next week Wednesday's mail, which will ba the last
to reach London in time for the end-of-the-year settleat the
I
a The division (between gold and sliver) given
in
our table of coin and bullion
In the Bank of Germany and the Bank of Bel i'in is made from the best estimate
wo are able to obtain' in neither case is it claimed to bs accurate, as those ban ts
make no distinction in their weekly returns, merely re lo-tin-r the total gold a td
6ilver: b'Jt we b'lieve the division we mike Is a close approximation.
b The Austro-Hungarlan Bank statement Is now Issued In Kronen and Ileli cr
of Gulden and Rreutzer.
The reduction of the fo-m»r currency to sterling
Pounds was by eonsiilerin the Gulden to have the value of 50 cents. As the Kronen
r
ments.
l
Nominal
exchange
were
4 83H for sixty day and 4 86M@4 87 for short. Rates
for actual business on Saturday of last week were, compared with those on the previous day, 25 points higher
for long
at
quotations
4
8260@4
for
sterling
8270, 35 points for short
at
•
,
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
the amount of Kronen by 24 Instead of 20.
THE REVOLT IN RUSSIA.
On
cannot be said that the
Russian situation has changed materially this week.
Indeed, some of the dispatches have reported occurthe surface of things
it
8575@4 8785 and 15 points for cables at 4 8610®
On Monday long was 5 points higher at
4 8260@4 8275 and short 5 points lower at 4 8560@ rences which might be interpreted as more ominous
4 8570, while cables were 10 points higher at 4 8620@ than those which have gone before.
Disorder, no
4 8625. On Tuesday the market was strong at an ad- doubt, continues at various points. Isolation of the
vance of 30 points for long to 4 8290@4 83, of 30 different sections of the Empire from communication
x590©4 86 and of 35 point- for with one another continues, and to a very large extent
points for short to
cables to 4 8655@4 8660.
On Wednesday the move- the nsurgent labor chiefs seem to remain masters of
4
4 8620.
\
ment was irreirulur and while long was unchanged the situation. There has, however, been a tentative
short and cables were 5 points lower at 4 8585@4 8500 demonstration on the Government's part which not
for the former and at 4 8645C" 4 8650 for the latter. improbably foreshadows a change in the general situThere was an easier tone on Thursday, when long was ation. We refer to the arrest of the labor leader, ap15 points off at 4 8275@4 8285, short 5 point- at
8580 parently after that individual had issued orders re@4 8590 and cables 5 points at. 4 8635(3 4 8645. The garded by the Government as inciting to violence. It
market was generally firm on Friday, and though long has been quite impossible, with the meagre details of
was 15 points lower, short was 10 points and cables the dispatches, to .-ay whether ihis action by the Govwere 15 points higher.
ernment was a move of strength or of desperation;
1
lma
THE CHRONICLE.
[Vol. lxxxi.
whether it was part of Witte's own program or was because the demands of the Knights of Labor in the
forced on him by the reactionary party, which hud great demonstration of 1894 were industrial rather
We than political. But when any absolute power of that
lost patience with the Government's attitude.
demon- nature is conceded, it is never long before political
stration of positive resistance by the Government was demands follow mere stipulations for higher wages.
a move in which all real friends of order concur, and It will not perhaps have escaped the memory of every
which was taken because they believed that the time one that, in that very 1894, the Knights of Labor had
had come when the power of anarchy must be ready the impudence to apply to the Federal Court at Washare ourselves inclined to believe that this
first
to subside from the simple process of disintegration in
ington
in opposition to the plan of the Secretary of the
Treasury to issue bonds for gold.
It is true, the complainants in that suit were
We base this opinion largely on the fact that the
strike leaders, on receiving news of Krustaleff's arrest, thrown out of Court by Judge Cox on the ground that
immediately threatened a general strike of everv they had no standing in the case; but the incident was
industry in Russia, but that they failed to make good not without significance.
It ought at all events to
their threat.
We base it also on the plain statement lead American readers of the Russian news to weigh
made by Witte himself last Sunday, in which he their judgment carefully in the present abnormal
the ranks of
its
supporters.
be recalled, there was
showed that the only alternative to violent revolution
was the exercise of coercive powers. We subjoin some
of the remarks made by the Russian Premier in this
connection, because they seem to sum up very clearly
developments.
the true nature of the existing situation.
Cleveland and Secretary Olney, however, very soon
"On my
return from Portsmouth I found the country in a
position, from which there were only two issues.
difficult
The problem was thorny and fateful, but, after long and
In 1894,
will
it
a period when, as has lately been the case in Russia,
the whole
community seemed
to argue that there
nothing which the Government could do.
was
President
found a way of restoring public order, and no action of
that Administration has since that time received a more
definite seal of public approval.
We do not venture
Emperor, who needed no persuasion, to say at the moment what line of similar repression
own initiative, 'and, never doubting that he could
is likely to be followed by the Russian Government.
build upon the moral courage and the political good sense
But what to our mind is very certain is, that reof the majority of his subjects, took the course of issuing his
manifesto of Oct. 30, not only with alacrity, but with establishment of normal conditions cannot now be
long delayed.
pleasure
We do not believe that the Russian
"Clearly, the vast changes which the manifesto heralded people, as a whole, will remain contented with a govrequired time and patience to carry out, but what happened
ernment of two or three irresponsible labor leaders
careful deliberation, the
acted on his
was
utterly unexpected.
Sections of the
community
—nay,
work systematically to annihilate even if the alternative is return of the people in peniIf, indeed, the strike
their own means of livelihood and to ruin themselves and tence to the Imperial rulers.
Social instincts seemed to have become organizers who have for a fortnight dictated terms to
the whole nation.
atrophied.
Instead of uniting to preserve order, the people the Russian Government and people were able to proquarreled among themselves and attacked the Governvide for the people means of pursuing industries and
ment.
conceivably
"The only people who acted in their own interests were the averting want their tenure of power might
They knew what they wanted. They chose be absolute. They are able however to do no such
revolutionists.
whole classes
— went
to
,
the most effective means to attain it, and they are capable of
adopting these means even at the price of heavy sacrifices.
The revolutionists hide all their quarrels and animosities
and act together for the end they have in view, which spells
Out of the resultant chaos they promise a new
destruction.
world and an earthly paradise.
"Unless all elements of society abandon their own differences of opinion and join hands to assist the Government in
checking anarchy and in carrying out the Emperor's mani-
may
thing,
and
it
is
hardly conceivable that the people
they are not ready now
to applaud a sufficient show of force by the Government to prove its capacity of maintaining order.
will
not be ready presently
,
if
M. Witte's further assurance, last Tuesday, that the
Russian finances were sound and that Russian bondholders have no more to fear than they had six years
We do not,
ago, involves some other considerations.
be regarded as truly disquieting and
for ourselves, imagine that the great French bankingof the community and with
the efficacious measures of the Government, all may yet be houses would, except in the last emergency, allow the
righted; but without that help anarchy will continue, until coupon on Russia's external bonds to be defaulted.
finally the nation may demand the suppression of revolution Furthermore, we agree with Count Witte in his stateby force; and then it is not impossible that the principles ment that "even in the impossible event of the revoembodied in the manifesto may be repealed or suspended."
lutionists succeeding in establishing a government,
festo, the situation
serious.
We
With the moral help
from this, notwithstanding
its somewhat despondent tone, and we should infer
from the incidents of the week, that such coercion as
has thus far been applied means preservation of the
public order at all hazards.
Whatever one may think
the practices of the Russian Government in the past,
of
it must be conceded that the time is near at hand when
the Government must take positive action of this
nature if it desires to remain a government. Our
own people will not have forgotten what occurred in
Chicago during July 1894, when three labor leaders
set up headquarters in that city and proceeded, by
their individual fiat, to prohibit traffic on all the railways converging on that city. The case is not altogether identical with that of the Russian strikers.
should
suppose
they would be bound to keep faith with the bond
we think, in this direction where
the danger
The more perplexing problem is that
which we discussed last week the home finances and
holders."
It is not,
lies.
—
the public revenue.
How these can be sustained under
long continuance of the present conditions,
unable to understand.
we
are
Complexities already existing
in the situation appear very clearly in the outflow of
gold
in
progress this
from Russia
itself.
Government
is
week from the Russian banks and
people.
itself to
It will
No doubt
first
task of the
among
the Russian
the
to restore order
be wise to lose no time
in
applying
safeguarding the national finances, but return
of the financial position to the
not occur until order
is
domain
restored.
of safety will
THE CHRONICLE.
Dec. 16 1905'
1697
several branch lines in the
THE SOUTHERN
C
tl
i
in Califor-
'
The annual report of the
is in the same voluminous form as heretofore and reveals the same splendid operating and fiscal results, the
whole being indicative oi up-to-date methods and
management. Candor, however, compels the statement Chat there is nothing in the report which encourages
same State and
REPORT.
The new lines thus authorized, of
nia and Nevada.
Southern Pacific Company which a part are now under construction, aggregate
I'M 'IFH
suggestion of the early beginning of dividends
common
about 400 miles, and, including equipment, are estimated to cost about $14,000,000. It is added, furthermore, that besides the lines already authorized,
other important
extensions are under consideration,
furthermore, on August 14 1905 a concession was
granted by the Mexican Government for the construc-
by the Southern Pacific, or by some company
which it may organize for that purpose, of about 775
miles of railroad on the west coast of Mexico from a
stock of the company.
The income account for the year shows an excess of
receipts over expenses and rixed charges in amount of
tion
$12,431,973, as against $8,878,483 excess for the preceding twelve months, representing an improvement
connection with the lines
on the
of $3,553,490.
But going a step further,
it
appears
but $3,426,798 out of the $12,431,973 has been
disposed of.
In the first place, the 7% dividends on
that
the
all
new
issue of preferred stock call for $2,769,431.
reducing the year's surplus to $9,662,542, which
equivalent, however, to not far from
is
now
controlled to
Guada-
lajara.
After the foregoing announcements, the following
statement
is
made,
this being the significant feature to
which we have referred further above: "In view of the
large expenditures required for the construction of
these
new
lines,
and
in order that the
work may be
car-
5%
on the ried on advantageously and eventually financed on a
But of favorable basis, as well as to strengthen the company
this $1 .271 .845 was applied in payment for a note of the pending the effect of the aggressive building of comSan Antonio & Aransas Pass By. Co. given for moneys petitive lines which are [being projected into the terriadvanced to purchase $1,356,000 first mortgage bonds tory served by these lines, it is important to hold in
of that company guaranteed by the Southern Pacific reserve and carefully husband the resources of the comCo. and canceled pursuant to the requirement of the pany." It appears to us that these remarks point unTexas Railroad Commission; $135,955 was written off mistakably to the conclusion that, for the present at
for cost of surveys; and no less than $4,827,943 was ap- least, the policy pursued in the past as respects the
propriated for expenditures for betterments, additions putting back of surplus earnings into the property for
and equipment on lines in Louisiana, lines in Texas, and its betterment and advancement is to be continued.
It will be recalled that the $8,878,483 surplus earnings
the lines west of El Paso, Texas, and Ogden, Utah. As
to these expenditures for betterments and additions, of the previous year were applied towards the payment
moreover, the point is made that while the Southern of expenditures for reconstruction, betterments and
Pacific Railroad Co. is entitled to issue under its first re- additional equipment; also that the same disposition
funding mortgage of Jan. 3 1905 bonds for betterments was made of the $8,964,431 surplus remaining on the
and additions to its own line as well as for the acquisi- operations of the preceding year, the $10,541,471 surtion of new property, the case is different with the plus of 1901-02, and likewise the surplus of previous
other lines.
Emphasis is laid on the fact that all bonds years. As a matter of fact, during the whole of the
issuable under mortgages upon existing lines in Louis- two decades since the Southern Pacific Company comiana, in Texas and in Oregon, and upon the lines of menced operations, in March 1885, the policy has been
the Central Pacific Ry. Co. have been emitted. This to apply all surplus earnings to betterments, extensions,
being so. all expenditures for betterments of, and new equipment and the acquisition of additional propDuring the same period, as has been previously
additions to, such lines must of necessity be provided erties.
for out of the current income or from advances by the pointed out in these columns, the company has purSouthern Pacific Company. It is not easy to see, chased and canceled (from contributions to sinkingeither, how the situation in that regard can be speedily funds and from the sale of lands) a considerable amount
of bonds. Altogether an enormous sum has been added
changed.
In another part of the report there are some other re- to the value of the property from appropriations of inmarks which appear to be highly significant as bearing come. Even larger amounts have been spent upon
upon the unlikelihood of an early distribution of profits. the property through new capital contributions, and it
These remarks occur in connection with the discussion is obvious from what has been said that in neither parof the company's plans regarding future work. These ticular is there to be any change in the immediate fuplans appear to be quite extensive, the same as in the ture.
Still, there is always one qualifying circumstance
case of the Union Pacific Co.. which holds such a largo
ownership in the Southern Pacific property. In the to be borne in mind, which might lead to a deviation
construction of additional road and in the further im- from the past policy with regard to dividends. It is
provement of the physical standard of the system it is possible that income might expand in such a rapid
evidently the purpose to keep fully abreast of the rc- way as to make it entirely feasible, within the limits of
quirements of the time^ and to show no less progres- safety and prudence, to give shareholders some return
on
meiit and yet leave considerable amounts
than other larg<
ml
qrdei> for new equipment have been _
p to be appl
Then the report telle us that
d is
On
aboul $4,300,000.
y.
order to develop and protect the territory tributary to thai at the mom
nlj are growi is at a
it- lines, "he company, since
he close of the fiscal year, rapid pace, the increas*
ily 1 to
has authorized and provided for the construction of a months of the new or current fiscal
California Oct. 31, being $3,069,852 and the increase in
line'frorc a connection with the Oregon A-
still
$197^849,258 of
common
stock outstanding.
1
i
.
BB.
al
Natron, eastwardly into Central Oregon; also
earnings for the
same four montl
SI .422,6
THE CHRONICLE.
1098
The property
is
one of great magnitude and
figures in the report
reflect
that fact.
all
the
The system
ranks as one of the very largest in point of mileage of
any in the country, and in point of income stands
second only to the Pennsylvania Railroad. The mileage June 30 1905 comprised 9,384 miles (the mileage
operated was 9,138 miles), and in addition there were
4,895 miles of water lines and 11 miles of ferry line.
This is entirely independent of the 126 miles of road
owned by the Gila Valley Globe & Northern and the
extensive mileage covered by the Pacific Mail Steamship Co., the accounts of both these companies being
[Vol. lxxxi.
These maintenance outlays were on a very large
scale.
They averaged $1,476 per mile of main and
second track, which compares with $1,341 for the
preceding year, when they were already very heavy.
The outlays on the equipment averaged $85 per
freight-train car, $920 per passenger-train car, and
$3,473 per locomotive. As showing the high standard
of physical condition to which the property is being
brought, one statement must suffice.
During the
year, 577 miles more of new 80-lb. steel rails were laid,
and it appears that there are now no less than 4,699
miles laid with rails weighing 75 lbs to the yard or
over.
This is 50 per cent of the entire mileage.
During the year the new $100,000,000 issue of
kept separate and distinct. The income of the operated lines is fast approaching the 100-million mark, the
gross receipts for the year under review having been 7 per cent preferred stock was authorized and $39,$98,140,582. In the preceding fiscal year the total 569,840 of it was disposed of at par. The changes in
of these gross receipts was $95,522,992, showing, the funded debt of the Southern Pacific Company
moderate improvement, namely
We have stated above that operating
$2,617,590.
results for the twelve months had been very satisfacThis is evident from the fact that, with $2,617,tory.
590 increase in gross receipts, the addition to the operating expenses of the rail and water lines was only
$484,641. This augmentation in expenses, moreover,
was entirely due to further heavy increases in the
charges for maintenance maintenance of way and
structures and maintenance of equipment— representing expenditures for the improvement of the proptherefore, for 1905 a
and
companies were also important,
of the proprietary
but as to these
it is
only necessary to state here that
the net increase in the funded debt during the twelve
months was $14,604,921.
items,
the total
$55,922,761.
of
the
Allowing for some minor
new
capital
The expenditures
for
additions was
new
construction
and real estate, together with the cost of stocks and
bonds purchased, aggregated $18,354,338. Most of the
remainder of the new capital provided went to extinguish the floating debt of the company. A year ago
there were loans and bills payable to amount of
Now there are no such loans. On the
$26,130,195.
erty.
In the expense of conducting ^transportation there contrary, the company June 30 1905 had $5,294,486
was actually a very heavy decrease, the total of such of cash loaned out on demand. Altogether, the year's
—
expenditures for 1904-05 having been only $29,691,600, financing has left the
Of course,
as against $32,006,932 in the previous year, a reduc- condition.
tion of $2,315,331, or
7.23%.
On the Southern
Pacific,
sive
amount
of
work
company
it
is
in a strong financial
evident from the exten-
laid out for the future that the
on the Union Pacific, efforts are constantly directed requirements of new capital will be large. But the
toward producing increased efficiency and evolving means available for the purpose are also extensive.
further economies in management, and in the figures Sixty million dollars more of new preferred stock
could be issued if thought desirable, and there are
just cited we see the fruits of these efforts.
The saving in expenses in the late year is the more some mortgage issues that can also be drawn upon for
noteworthy as it was made in the face of a larger new capital contributions.
volume of t affic. The number of tons of freight
moved increased 780,479 tons, though as the gain
EDWARD ATKINSON.
was in the local or short-haul traffic, while certain
A long and very active life ended with the sudden
items of the long-haul traffic decreased, the tonnage
movement one mile fell off, but only to a very trifling death of Edward Atkinson on Monday last, who
extent, the comparison being 6,561,349,589 tons, lacked only two months of completing 79 years.
As a
against 6,563,648,418.
On the other hand, the boy of 15 he entered a commission house in Boston, in
passenger movement one mile increased from 1,269,- the summer of 1842, taking the boy's work, which was
725,211 to 1,293,473,849. In spite of the larger then of the old-fashioned sort, ranging from building
traffic the company reduced its locomotive mileage fires, sweeping out lofts and packing goods to that of
from 49,219,776 miles to 48,053,591 miles and its confidential clerk. He passed five years at this; in 1848
car mileage from 497,766,395 miles to 485,720,774 became a clerk, and afterwards treasurer, of several
There was also a saving from the substitution manufacturing companies, remaining such until 1877.
miles.
of oil for fuel and from a reduction in the price of fuel
Later he became head of the Boston Manufacturers'
There were likewise other economies, the result of Mutual, which he had helped to establish; this has been
the improvements and additions of facilities made the leading example, as he himself has been the leading
in recent years for the purpose of cheapening the cost exponent, of the plan of mutual insurance in a special
The freight-train load was again and restricted field, in which the factor of what is
of transportation.
bringing the average up to 341 tons, against called "exposure" being nearly eliminated, it became
raised,
325 tons the previous year and only 305 tons in 1901. practicable to greatly reduce the hazard and loss by
The ratio of operating expenses to gross receipts (in- making precaution the cornerstone and insisting upon
cluding the water lines) was only 66.65 in 1905 against the strictest adherence to the rules as to construction
67.98 per cent in 1904, of which cost of operation con- and occupation which experience had worked out.
as
tributed only 37.43 per cent against 40.50 per cent.
On the other hand, the maintenance portion of the
This plan has been, in
its field,
eminently successful.
Mr. Atkinson remained in
expenses formed 29.22 per cent of receipts, against the methods, the industry and the enthusiastic powers
27.48 per cent.
of analysis which were characteristic of him and fitted
it
to his death, retaining all
.
D
.,
THE CHRONICLE.
16 L905.1
c.
'
hing else, his
and usefully spent.
special field was only one
would
life
But this
Be was
diligt a1 statistician,
i
of his activities.
aot of the class u ho delve
establishing conclusions of
"
figu
based upon
eom
tvoti in to
cl
such as Mr. Atkirw on ex]
busily
lia\
in
he do
;
hii
I
own
their
Nor
lic life.
is
II
(>9<)
iple,
,
in oi
i
pub-
the value of an indefatigable industry,
which desires only to be righl and studies and analyzes
with rare skill and industry for lie end of discovering
I
the right, to be regarded lightly, oven
were comif it
which they have already taken up; a public speaker, an
industrious writer, an economist and a financier. Some mon; unhappily, it is so far from common that we
of his published works arc "Cheap Cotton by Free La- should prize it as a legacy of high worth as an example.
bor" (1861) the date oi which is noticeable: "Collection We can only wish it were an example far more attracof Revenue (1866); "Our National Domain" (1879); tive to the young.
.
"Labor and
Capital
"Rail*
the United States" (1SS0); "Cotton
not
Allies,
Enemies*'
ufactures oi the United States" (18S0);
Hank?'
•'
L881);
Man-
"What
"The Railway and the Farmer"
Distribution of Products" (1885).
(1880);
is
a
(1881):
RAILROAD GROSS EARNINGS FOR NOVEMBER.
He also wrote many
The compilations we present to-day with
reference to
pamphlets upon wages, fire loss, consumption of food, the gross earnings of our rail transportation lines serve
banking; economic legislation, etc. The Cotton Ex- to reveal in a striking way the heavy business at present
position at Atlanta in 1881 had its inception in an ad- being done by the railroads of this country.
Comfew years previous, and he is parison is with unusually good totals the preceding
dress by him in that city a
entitled to the credit of being one of the means in pro- year, November 1904 having recorded the largest
ducing the cotton manufacturing industry in the amount of increase of any month of that year. FurSouth.
thermore, Southern lines (speaking of them collecIn 1887 he was appointed by President Cleveland a
ively) had to contend with a smaller cotton movement
t
special
commissioner to report upon the status and
while the roads in the Gulf States, and particularly
New Orleans, were still suffering from
He was a conadvocate of sound money always, and was the the effects of the quarantine imposed on account of the
last of a little group of two or three persons in New yellow fever at the Crescent City and at some other
England who were called Free Traders, but whose points in the Gulf States. Besides all this, quite a
those running to
prospect^ of bi-metallism in Europe.
sistent
advocacy
if
free trade
never meant the extreme of a
number
of
roads throughout the country missed the
much less a swift and advantage which they enjoyed in 1904 from the
change to the reform for which they did World's Fair at St. Louis.
-V- such he was uncompromising, and. as it
November last year was the closing month of the Exstan I.
might be said, inconvenient also. He resembled the position, and the attendance was large on that account,
tariff
type
exclusively for revenue,
of
New England
old-time clergyman represented
adding greatly to the passenger
the carriers.
traffic of
Wooing," who Of course the companies having lines running into St.
felt
ly
saw Louis from the East or the West or the Southwest
upon the moral side of a subject. Mrs. Stowe or the South, or the North experienced the most
likened her personation to an "honest old granite boul- benefits from this extra passenger traffic last year, out
der."' impelled to roll with all its might toward any pari passu sustained the greatest shrinkage the present
wrong thing, regardless of consequences. Mr. Atkinson year because of the absence of th
iring circumoilarly uncompromising sturdiness of convic- stance.
It was, however, an influence even on roads
The thing which was right was to be advocated more or less remote from the scene of the Exposition,
because it was such. He had the good old Xew Eng- but which yet shared in the larger traffic because formlan belief that nothing can ever be settled until settled ing parts of through lines to St. Louis; the Xew York
according to right, and thai the ultimately prevailing Central, for instance, may be mentioned as belonging
in that clas<.
majority loes not depend upon its numerical stre;;
by the one
in Mrs. Stowe's "Minister's
bound
irr
—
to "testify"' as soon as he
.
—
i.
I
Notwithstanding these various drawbacks, our table
to-day.
Therefore there was no time-serving
most ardent
$5,935,134, or
one the same month
lown to the day of bis death by
showed
of the
He shows
him.
in
of the so-called Anti-Imperialists.
9.11%
last year,
compared wit h
on 83,677 miles of roadincrease as
,
following an increase last year too of $5,717,716. or
9.88%. To be sure, these figures cover merely the roads
Barbor wen
M
to see that this country, making preliminary returns and comprising barely
no fault or foresight of any person in
had been two-fifths of the mileage of the country, but there is
by
irresistibly 'borne out of its insularity and that manifest no reason to think that these early returns are not intiet in any jingo or offei
sense of that term, di< ative of the general result-.
clear, therefore, that the com
Of course the favorable featui
le
ausl
had
hope; were the activity and prosperity ot all
take up its new responsibilities in bi
inbut Mr. Atki
here terests hr
mt the United
raih
•ful must admit, tei
of
lerived a volume
Many who
deplored
3sity
th<
which sent Dev
ii
.
;
I
'I
i
!
our
re
d
ting
put-
all
con-
el in
duc
rs.
need not despair about
public
are
-
it
sec through it,alth
lin<
We
in
on
ion
ai
ha
anenl
need hardly say
tl
1905 and 1904 follow large and
November
otto
iro-
di
So ae
.
further advantage in
rinsl
We cannot
i.
The
We
whir:
in this
3uch
l
portant
-
.
previous p
of previous
;
ho pro
j
rain
in
1
a
movement.
earnings shown
ains in
In
cumu-
THE CHRONICLE.
700
1
[Vol. lxxxi.
We have adverted above to the shrinkage in the
and progressive, giving additional significance to
comparisons for each cotton traffic of Soul hern roads. It is noteworthy
In the following we show the
lative
it.
year since 1895.
be seen that the present
It will
the
is
ihat in
many
same month
ninth consecutive year of increase.
cases the shrinkage follows a loss in the
As
last year.
land are concerned, the total for
EamlnQi
Miletnje.
rear
lu-
Prec'ng.
cre'.ii
year
Road
year.
Mites.
Uitc.s.
1896....
1887....
122
126
[§98
111
89,367
1899....
1900
117
105
100
98,684
uo-
MOS.—
1904...
1905...
Jan.
1896 .
1897.
WIS
1899.
1000.
I
Nov
o
I
1901
.
1902
1903
.
110
119
114
110
103
93
74
I hi
8
I
11,517,487
.77
2 .56
87 907
30
88,629
95,150
89,367
96,867
2.10
93 873
88 235
95 172
911.630
.9
1
I
595 487,645
93 195
995
3 .68
88 ,251
2.10 623 776,463
2.56 639 338,998
1.91 613 553, 405
2.41 673 611,217
101)
8 .573
1
82 393
81
709
1.48 677 212.805
1.72
6.09
8.94
9.46
9.72
11.15
8.12
10.88
,
we have
many
large expansion in revenues this year in
addition to almost equally large expansion in 1904.
Notwithstanding the smaller cotton movement, the
absence of the World's Fair traffic and the ill effects of
we now present
indicates the
three
years.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN NOVEMBER, AND FROM
1.15
7 52
The favorable nature of the general results is emphasized when we deal with the returns of the separate systems or companies. Not only are there very few in-
table
cotton receipts at the different ports for the
JANUARY
—
stances of roads which have fallen behind but in
The
remains.
+ 6 .987,613
1
TO NOVEMBER
30, 1905, 1904
AND
1903.
Since January
November.
Note. Neither the earnings of the Mexican roads nor the miningloperfttions of
the anthracite coal roads are included in this table.
cases
1904 and
II
+ 26 .767,279
+ 37 930,434
+ 18 422,421
542,700,820 + 52 ,786,825
609,239,714 + 67 973,091
57(i,882,954i + 46 893.509
576,573.058| + 62 765,940
606,552,863 + 7 000,542
626,496,472 + 47 114,745
1
in
Al the Southern outports the
190,196 bales in 1903.
I
.
0.82 411 624,390 104,636,777
.36 460 1)82,396 433,915,117
1.28 461 937,617 12 1.007.183
1.77 559 918,43 511,486,013
I
2.41
).
1
45,833,778
59,800,183 64,149,899
59, 169, -148' 57, 853. 427
68,966,766 61,260,137
62,023,087 57,983,250
60,220,508, 57,887.073
63,536,601 57,818,885
71.0 14.232 65,109,098
1.50
—
_%_ receipts the present year were 1,552,847 bales, against
+ 1,944.211 4.24 1,660,932 bales id L9Q4 and 1,725,454 bales in 1903.
.-,.(.50.28
10.43
+ 1.316.021 2.28 Whether this shrinkage be ascribed to the holding back
+7,706,629 12.58
1,039,837 6.96
of the staple from market or to the diminution in the
+ 2, 333, 435 4.03
+ 5,717,716 9.88 size of the crop, the fact of a reduction in any event
+ 5,935,134 9
•17,777,989
3.65
(
—4,772.556 10~79
+8,696.984 20.9
11,188,179
39,415,623
50,213,481
88,251
102,492
90,106
86.742
83,968
83,677
70
07
55
.
1904.
1905.
or
raise
III!
'receding.
84,573
82.427
81,709
90,106
86, 712
84,002
83,677
68
I
J
0.81
35
1.28
1
1
55
/
96,967
97,494 9 1. I.V.I
103, 153 101,924
74
70
i
Veal
'.;.
89,214
96,103
89,936
96,391
1901...
only 167,045 bales, against 241,515 bales
Uf (+)
November.
Given
shipments overNovember 190.5 was
far as the
1
Ports.
1905.
Galveston
bales.
Sabine Pass, &e
New Orleans
Mobile
Pensacola,
&c
483.864
32,209
373,585
53752
1904.
473,380
41,774
196,532
62,1 75
21,818
33,632
286,644
33,206
32.388
Brunswick, &c
Charleston
PortRoyal, &c
Wilmington
Washington, &c
277.542
285
Savannah
286
71,941
Norfolk
Newport News, &c
•_.
145~584
5,657
43,1221
31,285,
74,267i
31
136,256
1
,964
1905.
1903.
1904.
1903.
647,429 2,525 240 2 007,599 1,916,617
234 320
31,063
107,985
140,685
483,950 1,8X4 805 1
1,757.630
259 70.S
50,061
193,778
197.104
25.4S7
155 282
97.423
115.519
2X9,420 1,607 410 1 ,209,850 1,051,245
42.519
136
117,66*
10,982
181 424
30,552
162,384
152.009
166
7001
758!
907
76,863
260 ,902
259,824
296,014
104
122
359
96.816
757.274
495.608
407,508
1.024
30.041
19.434
17,923
1
1.552,S47T.660,932! 1.725,454 7,983.005 6,404,546 6,171.178
Total
be observed frqm the foregoing that some of
there are only seven roads which are obliged to report de- the Atlantic ports had increased receipts rather than
creases in revenues (out of 55 reporting) and only in decreased receipts, this being particularly true of Satwo of these five cases do the losses exceed $30,000 in vannah and Norfolk. Contrariwise, New Orleans susamount, the two roads thus distinguished being the tained an unusually heavy falling off, presumably on
Texas & Pacific, with $117,409 reduction, and, the account of the yellow fever, its total for November 1905
the quarantine against yellow fever in the Gulf States,
It will
,
Yazoo &
513.
It
Mississippi Valley, with a reduction of $115,-
is
proper to say that both roads had large
On
creases in 1904.
the other hand, the
not only a long one, but
comprises
it
The Canadian
large magnitude.
list
many
in-
of gains is
increases of
Pacific has $989,000
gain, which follows $516,091 gain the previous year.
The Great Northern system has $570,260
this
is
increase
additional to $490,618 increase in 1904.
Northern
additional
has
Pacific
to
$750,898
$553,013
gain
which
gain,
last
year.
and
The
is
Among
being but 373,585 bales, against 496,532 bales in 1904
and 483,950 bales in 1903. In the table further above
it was shown that the only two roads with considerable
decreases in earnings the present year are the Texas &
Pacific ($117,409 decrease) and the Yazoo & Mississippi Valley with$115, 513 loss.
It has already been
stated that both roads had large gains last year.
It is
also interesting to note that it is precisely these two
roads that show the largest falling off in cotton deliveries at New Orleans, the Texas & Pacific having
,
Central has $619,563 im- brought in only 88,998 bales in November 1905, against
provement, following $413,338 improvement in 1904 141 ,445 bales in November 1904; and the Yazoo & Misand larger or smaller gains in the years preceding. The sissippi Valley and Illinois Central combined only 151 ,-
the trunk lines,
Illinois
New York
Central RR., in spite of the loss of the World's
536 bales, against 208,247 bales.
The Western live-stock movement as already stated
with it in 1904, has $260,060 increase after $368,029 in- was also smaller than a year ago. At Kansas City
crease last year, and successive gains in years preced- there was a slight increase, the deliveries at that point
ing.
In the South the Southern Ry. may be cited; it comprising 13,740 car-loads, against 12,669 car-loads in
has added $336,269 to its total this year, after an addi- 1904; but at Chicago the receipts were 27,569 car-loads
tion of $462,939 in 1904.
We show herewith all the against 28,694, and at Omaha 6,996 cars against 7,545
Fair
traffic,
which must have been an important item
changes as compared with
on the separate
$30,000 whether in-
last year,
roads for amounts in excess of
—
PRINCIPAL CHANGES IN GROSS EARNINGS IN
The Western grain movement was heavier than in
The remark applies to all the different cereals
NOVEMBER. wheat, corn, oats, barley and rye. Taking the ag-
Increases.
Illinois
Central
Gr Trunk Can (3 roads).
Denver & Rio Grande..
Canadian Northern
MinnStP&SSM
Wheeling
Louisville
& Lake Erie..
& Nashville __
& Southern...
Colorado
Mobile & Ohio
Mo Pac Svst (2 roads)..
Minn & St Louis
Central of Georgia
cars.
1904.
creases or decreases.
Canadian Pacific
Baltimore & Ohio
Northern Pacific
N Y Cent & Hud River.
Gt Nor Svst (2 roads)..
Southern Railway
,
$989,000
833 ,627
750,898
619,563
570,260
336,269
260,060
224,778
200,700
156,200
145,472
109,518
98,602
93,994
80,758
75,595
73,044
08,498
hicreases.
Chicago Great Western.
Duluth So Sh & Atl
Ala N O & T P (3 roads)
Internat & Gt North...
Mo Kansas & Texas
Iowa Central
Cin New Orl & Tex Pac_
Buff Roch & Pitts
Total
$61,853
47,735
46,202
38,206
34,631
33 ,697
32,321
30,667
(representing
32 roads)
$6,012,148
Decreases.
Texas
&
Pacific
Yazoo & Miss Valley
Total
(representing
2 roads)
$117,409
115,513
$232,922
gregate of the receipts at the various primary markets
for the five
weeks ending December
2, there is
an
in-
crease of 4,308,580 bushels in wheat, of 2,859,698
bushels in corn, of 8,875,807 bushels in oats, of 3,266,-
853 bushels in barley and of 257,351 bushels in rye.
Altogether the increase for the five cereals reaches
19,568,289 bushels, the totals of the receipts for the
five
weeks
this year being 95,016,267 bushels, against
75,447,978 bushels last year.
movement
are as below.
Details of the grain
—
.
.
;
DEC. L6
Wheat,
5,498,643
1,026.878
846.377
90
!
1,01 1,186
I
g 198
...
i
—
1,818,670
1904
to
,878
.700
'..
,9
39S.625
...
Corn,
Omsk.}
ybush.)
(bbls.)
I.
•
LOUR \M> QH U\ RE(
1
nJiin:
Dk.
1905
1904
l),:r,nl—
'
...
1.000
17
2,11 1,620
1,082
300.250
381.412
I
1
a
68.101
7,502
—
...
64.800
40.600
192,950
•
1904
Duln:
9,100
Greal South'n
Via New Oil A Tes P
oil a Nor East
Alabama A Vicksb'g
Victab Sh A Pacific
Baltimore >v Ohio
llellefonte Central
Buff Roch A I'm
311.7 10
130.648
100.000
422.300
.
.'.0.000
2, loo
4*3
51.2S0
378.840
845,362
978.400
...
1904
145,700
40
1.564
14.078.090
.710
1904
10.099.;; io
295,530
1905
1904
3.394.0 10
4.419.000
2.343.400
Northwi
Canadian Northern
Canadian Pacific
California
7.2.'0
1
31,380
936,400
0,100
10.787.933
5.994,257
—
pot is
t
1,645
2.063,
2.026.61
3.690.16b
2,281.180
...
291.470
so
1,800
926.225
33.29
i
Jan
il,967
19,527.239
16.667.541
22,616,524 13,750.507
13,740,717 10,483,654
1,520,030
1,262,679
to
Dec. 2.
25.931.790 100.7
22.134.414
B.343
7
Mtlicaukee —
328.650
('..712.900
7,344.760
2.1
389,600
19.262,973
3,824
2,
1905
1904
2,
2
(9.560
1904
4,434.470
Dttrot—
,66
i
1904
2.477.504
290,260
—
'lerfland
.V.17.194
Peoria—
1905
—
S35.205
...
17.324.240
15.751.445
2,377,662
2,865,000
174,850
6.684.747
10.556,900
7.027,100
17,015
5.183.431
3.64
3.102.479
4,762,537
15,018,610
16,3$
7.
017
851,711
09:'.,
Louisville
23,067
0,200
OKI, 000
+ 68,498
+ 1,713
8,568
61 ,863
sis
HIS
+24,493
1/438,048
'/I05.727
+ 14,484
+ 32,321
59
102
591
142,348
674,583
,7:'..-., 200
580,589
H 93,994
,534,500
221 ,384
+200,700
209.1 10|
153,109
146,142
+ 47,735
+ 6,66"
578
395
3,446,074
3,221,296
+224,778
4,085
4,085
4,005,094
244,989
189,804
4,699,720
33,640
4,468,014
201 ,809
161,780
4,439,660
25,883
057,894
226,030
3,506,723
12,789
6,365
62,874
+ 527,080
+ 43,180
+ 28,024
+ 260,00(1
+ 7,757
+ 38,206
5,860
250
5,701
261 ,048
91 4, SO
+ 73,044
+ 145,472
+ 34,631
+ 56,001
+ 18,604
+ 80.758
+ 1,185
+ 619,568
+ 750,808
+ 6,722
51
'.I
1,435
1st. 115
'
1
I
polis
Minn
2,054,800
2,575,600
8.731.220
10.562,779
B.875.5i2
193,835
7.942.030 1.017. .".72
1,910
3,672,071
3.041,286
35.369.700
37,734,670
15.176.106
12,189,800
...
all
11.567
27.9,709
204,400
22,271,990 12,477.050 1,480.383
1. ISO, 520
9,925.020 1.S00.901
2
1.072.400
4. .172.800
.
—
17 156,550 200.S99.S42 171.390.001 17s.005.042 66,090,846 6,360,703
10 971.215 197,632.187 151.9S1.054 158,798,305 61,419.088 7.107.7 15
1905
1904
s;
1'
ft
61 ,582
334,092
SSM
1,060,386
2,009,948
3,760,461
137,212
842,780
10,050
7,638,787
5,856,511
53,040
820,430
126,391
4,544,975
107,545
1,291,966
116,156
340,048
63,102
2,060,979
498,264
884,204
Missouri Kansas & Tex
Mo Pacific & Iron Mt_.
Central Branch
9.9.M.400
10,089,400
78.114.785
76.891.171
259,733
3,605,325
14,554
3,883
Nashville
it
Manistique
Mineral Range
Minn & St Louis
13.102.800
17.041.000
—
01)6,100
Macon & Birmingham.
1 1>. 100
153,018
9, 160
90.90S
171,600
201
P11905
SI 1904
Mobile & Ohio
.Nevada Cal & Oregon
N V Cent & Hud River
Northern Pacific
Rio Grande Southern..
St Louis Southwest
Southern Indiana
Southern Railway
Texas Central
Texas A: Pacific
Toledo Peoria ft West.
Toledo St Louis & West
Toronto Ham & Buff..
Wabash
To complete our
we
analysis,
furnish the following
Wheeling & Lake ErieYazoo & Miss Valley __
six-year comparison of the earnings of leading roads,
arranged
groups according to their location.
in
EARNINGS FOR NORTHWESTERN AND NORTH PACIFIC GROUP.
c.
p.,
4.659.000
o69
221,384
226.036
261.048
914,894
5.105.613
...
Dul S
Gt North Sya
-
,
6; 91
St I'.vS S
T.
M
Northern Pac
Total
19.
1902.
O.009
4.142.909
076.553
197.174
4,277.886
4.17
Central
Minn
1903.
S
6.511
Chle Gt West
M
1
1
1901.
$
3,58
1900.
s
2. 74-,
652,1-.".
1
1
1905.
1,895
176,123
2,714,817
177,141
273,200
408,774
3,02
3,770
217
.072
,699
770,391
1
RG
742.101
316,232
694,803
4.379. 190
1,675
-
i.'.VI
1901.
-
820
&
Pac.
Total
I..-.ll.7:.7
123, 115
9 368
507, 1-..'
1,574,751
1,738
1,523 883
2,914,375
737,909
1,195,802
1,162
375
1,298.371
1,136.537
1,291
9,937.70!
•nber.
Bun R &
ml
S
P
1-'
9.548.824
9,318.941
On
of
Ir U'.-s
HAM.
•
<fc
L
<t
W
W
1
1,501
0,511
16.156
1900.
$
5,704
1,821
357.704
a The Fa!
,
<t
Albany
Pacifli
New
Oil
Colorado
Tex
ft
Pac.
Southern
Denver
Rio Grande
Dululh Bo Sh & All
Georgia South A
la
ft
<v.
3. 142.838
97.97)
1.818.076
ma Northwest
Canadian
Cin
1,100
14,109
104.629
3,741.380
7.809
Vlcksb Sh & Pacific
Baltimore & Ohio
Bellefonte Central
Buff Roch & Pitts
I
2.011,010
L186
7.01
111,
LE.
ID
1
92, 157
290
20
1.714 990
1,143
1
Oh:.
1.431 585
.1
•
265.181
11
Creek K!{.. the Wallklll Valley
Grand Trunk of Cai
Grand Trunk Western}
Del Cr Hav A Mil
Gt Northern
P
Si
I:
Ini
lllinoi-
Southern
Inter
S
•
f
297.933
.109
$
.400
J7
20'
117.102
126
llle.
220,9,
n
015
1-
64
140
1
97
64
140
642
97
1
—
558
3,897
,292
798
1,828
3,042
5,849
388
926
+ 1,281
+ 336,269
+ 5,269
— 117,409
+ 4,326
388
926
144
3,515
5,706
180
1,308
172
7,196
—26,333
3,042
5,794
144
3,490
5,610
180
1,308
172
7,199
227
227
1,827
1
1
,020
,767
248
248
+4,881
451
88
2,517
—115,513
469
1,210
451
ss
2,517
469
1,207
+23,305
+ 3,170
+ 109,518
+ 5,935,134
83,677 81,709
—56,864
—8,240
—31,400
736
879
321
263
736
SS3
321
+ 1,754
263
+ 155,729
1,813
1
,590
30.
'
1
A Blrmii
Mineral
101 051
1
1
021
81
ft
Mi
791
17
liazoo
1.204
'
777
5,722
29]
'.717
st
-ouii
12.748.136 11.23.
«»k
-<s for fourth
vei for Noremtx
.373
1
,121 ,064
65,305,153
7,874,55s
1,520,374
4,028,500
4s, 999. 109
9,507,523
OS ,674
1 ,284,922
5,344,778
1
58,172
179,189
,'213,061
,300,253
59,7X8,003
51,761
7,050,606
I
,4
5,517.150
3 ,786
823,952
10!
15,621
.75:;
917,600
1,939. 555
1,471,00(1
8,110,900
44,059,554
8,061,470
113,230
6,993,705
4,929,005
1,392,606
760,490
0,1-0,887
10.502,674
2, 701, 764
1,599,862
5,083,023
14.940.S49
2,301,003
1,556,047
33,168,491
31,370,822
1,788,669
41,037,993
35,405, 4 64
2,218,889
5,682,529
1
//0.
.
1
1
,845
1,744,863
1,544,364
5 10,053
4,562
291,217
415,1 73
78,463
530.201
,097, SOI
,615,825
402, SO
1/6.224,289
1
1
43,815
102.951.
.005,1:;:
36S
11,170.-5!
,
I
1
1
272.70.".
1
J0 ,801
121 ,070
la*-t
8,203.778
9.20
M
54.313
1
Mount
ion
5,05s
2,26
34,455
10,702
5,.!
562
240
I
2,184
1
36,987,719
8,900.866
year.
•
year.
•
"1
C.Mt
A On
A Hod
tern Pacific
IUo G
58,129
603
691
2.600,616
o,v:
17,
.011.1
53
I
,19
l,42i
38,40
12-7,612
Mobile
9.801,784
as
KanI
77
.
same
285,536
1
Branch
713
of l'cv
reported; taken
2,179,900
1
1,0(1!
Louis
p a- s a
P
N
3.32
Decrease.
244,198
Range
Mioo
Mioo
Mo
1.051 519
Increase.
Manistique
I
•
Total
558
1004.
5,867,966
2,504,513
S
231
1
B.
137
1,159
4,101
//2.702.247
286,1
tral
OAN
250
267
4,374
M&M
Baal of Minn
Montana Central
Gulf .V Ship Island
Illlnoi
Central
Inel.
GROUP.
S
4,374
137
1,150
2,465,436
,154,892
•
Chattanooga Southern .
Chicago Croat Western..
Chicago nd <fc Louisv.
-'o Terminal Trans
JO.004.072 18.704.192 17,194.187 16.345.023 14.951,287 14.01
'
395
280
,036,445
j/3
Orl ft 'Tex PacOrl & Nor Eoel
Central of Georgia
523. 100
720
1.787
•a
>c
$
594.-10
2,337,866
\>.n
II
.772
1.296'
3,446,074
1
N"
386
1,120
2,400
678
—2,482
2,065,317
3,703,470
118,608
762,022
17,865
7,014,224
5,105,613
46,318
846,772
125,110
4,208,706
102,276
1,409,375
111,830
316,743
58,221
2,057,809
388,746
999,717
1005.
•Alabama & Vicksburg.
n
8,763.517
1901.
1
1,922
Road.
dian Northern
1902.
1903.
$
693.902
.
L
a-
1904.
of
New
1.17
1,630.313
771.413
1
1905.
Ala
330
1,118
2,170
GROSS EARNINGS FROM JANUARY|1 TO NOVEMBER
Neu
-.569
1,489
'.790.
846.; 72
i 19
1.215.909 10,91'
.
105
11
Ala
1900.
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
I) <i
,878
Figures here given are for three weeks only of the month in both
Mars; fourth week not yet reported.
-
532.817
078
StLSo
(ir
,399
x Four weeks ending Nov. 25/
Alabama Great Southern
1902.
,850
7,894
5,317
'
Gr Tr
1
+33,697
I
71,044,232 65,109,098
Total (55 roads)
Name
1.343.420
1.73
& Tex
1
1903.
S
$
07!
.
100
I
,878
L05
1
+ 98,602
+ ,705
Mexican Roads (not included in totals)—
Interoceanic of Mexico.
498,840
441 ,976
Mexican International566,874
558,634
Mexican Railway
X497.400
a'466,000
Mexican Southern
?/57,849
j/56,095
Nat RB of Mexico
1 ,060,422
904,693
miles less road.
1904.
>nbcr.
A South
ChlC
1
8,183
...-,7.01S
20.
4.5'.-
000
EARNINGS OF SOUTHWEST] RN GROUP.
Texas
,876
1
16.752.380 15.067.144 14,761,909 13,601,544 10,079,315
!.
a Results are based on
Col
•205
I
1
1904.
1905.
November.
S
Canadian Pac "..04S.0O0
I>>wa
13
3,896
27
553
205
16,558
in
4,650,000
983,021
10,744
694,582
159.022
127,864
1
12,457
Southern
intermit & Great North
lowa Central
9,140.354
9,686
S2-
5.-..
•
as
ISO
270
1, 0.51.
Illinois
8.092 099
6,942.569
... 3 9S3.900
... 2 775.300
-
830 580
1,324,800
979 032
825,674
45.995
I
7.072.900 14,771,861
0,940. S00 15.530..! 10
I
909,000
1905
1904
i
1
10,667
566,800
5,648,000
M &
Gt Northern -St
M tncl. Mast of Minn
Montana Central
Gulf & Ship Island
Illinois Central
84,821,159 25,432,958 2,186.449
-.'..907 2.183.776
67,065
2.070.500
2 103.760
1905
1904
U
-
'
I
S 199.711
.
(
1
1
1'
...
i
196
148
89
4,026
27
6,243
si
Grand Trunk of Can
Grand Trunk West
Del Or Hav A Milw
I
19,627
130,371
146,729
309
309
+6
I:
693,962
.
Total of all—
J 1905
190
2 3, 3
5,973
.
§51
1.226
-.170.
1
1
724
138,
Chattanooga Southern
Chicago Great Western
[nd A Louis;
Inal Trans
(in Now Orl 4 Tex Pac
Colorado ft Southern
Denver & Mo (irande.
Duluth So Sh iV Atl
Georgia South & Fla
!
10(14
1-90.",
r<
5.7...
Central of Georgia
32.809
7
275. 5S2
183.936
120.102
-
92 1.700
.000
1/214,164
..
De<
*
$
Uabama
1.190.1;'.;.
or
1904.
11)0.5.
2.0'
2.369.000
Mileage.
1
1,124,800
,700
842,
NOVEMBER.
[N
1
Road.
no
0,
1,265.657
80,006
...
of
5.25S
l.Oii
••id
I
1
1
Earnings.
Name
5,023.921
519.324
v
Mil.!
Oats,
27.800
1905
S
1701
GROSS EARNINGS AND
IPTS.
(fti
1,434.000
.ooo
1,560
W04
8
1
THE CHRONICLE.
L905.|
WES1 BRN
I
.
1
-on
1:
7,758,! 69
211
78,3
11
19
1
6,741 ,582
51 ,31!
I.7(
3
11
7.1'
tin. isii
8
THE CHRONICLE.
70:2
Nam,
Road.
;
s
,252 814
1, '2211, (.22
45,164 255
Southern ndiana
Southern Elailway
<
exas
Total (55 roads)
Net increase
(7.52'
,
I
(178,577
87,55'.)
10,606 863
,164 058
3,517 356
629
21,506 5 7;
4,676
6,996 712
10,876,240
2(19,377
t,336
50,277
1
I
I.-,
I
t
|
i
,21
3,331,393
629,598
22,530,442
3,928,788
7,139,769
I
figures are from Jan.
figures are down to the
147
3,449,325
—
,060
439,815
80,800
21,(124
961,871
1
GO'S.
—A
5 Lawyers'Titlelns.&Tr
Dec.
317J4 317J^ 317.V6 Dec.
600M 600J4 600 i Nov.
..
10 Lincoln Trust
l
1905— 273 V
2
1905— 201 34
1905—263
1905— 318)1
1905— 610
£ Sold at the Stock Exchange.
— Robert
Trust
week.
Goelet was elected to the board of the Lincoln
of this city at a meeting of the directors this
been
week for $88,000, the highest
The previous high record was $85,000.
in
Home Trust Company of Brooklyn, which has
operation since April last, will open a Ridgewood
Branch on January 3 at Hamburg and Myrtle avenues.
institution's main office is at 184 Montague
— A New York Stock Exchange membership was reported
paid.
charter
— The
Company
transferred this
It
is about to be sought for a new State bank
Brooklyn, the name of which will be the Dealers' Bank.
The movement is said to be the result of opposition among
Wallabout Market dealers to the contemplated transfer
of the Wallabout Bank to the People's Trust Company.
The capital of the proposed bank will be SI 00, 000 and the
stockholders will be principally produce dealers.
There
will also be a surplus of $50,000.
The bank's offices will
be at Washington and Flushing avenues. Everett S.
Berrian is spoken of as the possible President.
First sale
Oct.
of
in
Last previous sale.
Nov.
274
200
150
265
Bank
tioned in earlier issues of this paper.
at 150.
Close.
8v
stockholders of the Wallabout Bank of Brooklyn
hold a special meeting on the 27th inst. to take action
in the matter of its proposed liquidation.
The bank wilt
be taken over by the People's Trust Company, as men-
is the total of the
The first
week's transactions in trust company stocks.
public sale of Interbdro Bank stock was made at auction
High.
274
201
xl90 Commerce, Nat. Bank of. 200
150
150
5 lnterboro Bank
265
265
60 Oriental Bank
TRUST COMPANIES— New York.
the
will
which 190 shares were sold
Fifteen shares
and 70 shares at auction.
BANKS
thai
— The
week aggregate 260
at the Stock Exchange
New York. Low.
Shares.
5 American Ex. Nat. Bk__ 274
reported
had surplus and profits on De<
9 of $105,100, and deposits on the same date of $957,100.
The institution will shortly locate in new quartern at Manhattan and Greenpoint avenues.
The merger of the
Union Bank and the .Merchant.-' Bank of Brooklyn was
effected only a few months ago.
Early the present year
control of the Union was secured by its present head. David
A. Sullivan, then President of the Stuyvesant Bank, and
the consolidation of these two banks followed shortly after.
to Nov. 25 in both years.
end of the third week of November only.
shares, of
is
capital of $100,000.
batik stocks this
(if
it
Upon the consummation of the negotiations on
the 29th inst, the bank will be known as the Seventeenth
Ward Branch of the Union. The purchased bank has a
443,057
1
<
|
of $100.
747,(15(1
ITEMS ABOUT BANKS, BANKERS AND TRUST
Tin- public sales
—
1,023,863
.i
I
1
Brooklyn Borough has been purchased by the Union Bank
of the same borough, the juice paid being $300 per share
185,963
673.611,217 626,490,472 50,564,070
47,114,745
Mexican (loads (not inc .uded in tot als)—
5,654,575
Interoceanic of Mexico
5,656,235
Mexican International
(1,311,870
5,872,055
-5, (108,300
Mexican Railway
x5, 527, 500
Mexican Southern ..
i/l, 071 ,381
7/1,049,757
National EtR of Mexico
,133,739 10,471,868
X These
?/ These
1
.
i
Wheeling & Lake Erie.
Yazoo & Mi ;s Valley
Treasurer and James J. McCormai
ary.
Mi
Mott
ry held the
ffice of A
iry.
while Mr, \le(',,,
formerly with the Bowery Bank.
in
|
42,788, 70S
7<it»
Wabash
(
L86
'in' ral
Texas & Pacific
Toledo Peoria & Western
TVfledo 81 Louis & West
>v Buff
Hs
Toronl
hi
26,192
2,375,547
I
>
i
lm reuse.
1904.
L905.
[Vol. lxxxi.
The
price ever
—
The new branch of the North Side Bank, Brooklyn, at
Broadway and Lorimer Street, was opened on Thursday.
—
On the 7th inst the directors of the New York County
National Bank, 14th Street and Eighth Avenue declared
a 50-per-cent semi-annual dividend, payable to s1
olders
This makes the bank's 107th dividend.
Jan. I 1906.
The
It has
age
been designated the Broadwa}' Brant
H. C. Wortrnan. The bank
Grand Street. Brooklyn.
of
also operates a
branch
a1
710
— W.
W. Batchelder, Auditor of the National CommerMay and in both January and July of this year paid 50 per cial Bank of Albany, N. Y., has been chosen Assistant
cent.
During its entire existence the New York County Cashier to succeed Hugh N. Kirkland, who resigned to
National Bank has never passed a dividend commencing become Cashier of the Mutual Bank of New York.
with 4 per cent in 1855, steadily increasing the rate to 75
The Farmers' National Bank of Rome, N. Y.. ancommemmorated
institution
its
fiftieth
annivt rsary
last
—
—
per cent yearly, and on three occasions paying extra dividends of 100 per cent. Next May the bank will erect a
new building on the present site and adjoining property.
The managing staff includes: Francis L. Leland, President;
William H.
Jennison and William Carpender, VicePresidents, and Frederick Fowler, Cashier.
nounces the death on the 10th inst. of its Second Vice-President, Samuel Wardwell.
Mr. Wardwell organized the
bank in 1875 and served as Cashier until 1904, when he
was elected a Vice-President.
— Receiver
Williams of the Fredonia National
Bank of Fredonia. N. Y., on Monday began the payment
of the 25 per cent dividend (the first) authorized by the
Comptroller in November.
—
C.
L.
At the general meeting of the shareholders of the
Deutsche Bank, held in Berlin on November 27th, it
was
ed to offer the M. 20,000,000 of increased capital
The Security Trust Company of Schenectady. N. Y..
to the stockholders at 200%, to be paid in instalments as is in the preliminary stages of formation.
No details
follows: 100% premium on January 26 1906 and the par yet available concerning its organization.
value in four equal instalments on January 26, April 2,
The management of the new Commonwealth Trust
October 1 and December 3 1906. This increase will raise
Company of West Hoboken. X. J., announces that
the total paid-up capital to M. 200,000,000 and increase
pany will commence business about the 26th inst. at Clinton
the surplus to M. 96,662,000.
Avenue and Stevens Street. George B. Bergkamp is PresiThe Manhattan Trust Company of this city has in- dent; John Singer and Gustav Dopslaff are the Vice-Presicreased the extra dividend usually paid to 3 per cent as dents, and Thomas B. Usher is the Secretary and Tr sasurer.
against _' per cent paid previously.
The usual semi-annual The capital is $100,000 and the surplus $25,000. At
dividend of 3 per cent was also declared, both payments time of the filing of the certificate of incorporation
to be made on Jan. 2 1906.
name was erroneously reported by us as the Comi
—
.
—
I
—
I
— Th
tors oi
i
Bank of this city, at BroadQmrsday declared a semi-annual
tb
[utual
>3d Street, on
it
4 per cent, thus putting the bank on an 8-;
t
6 per cent per annum heretofoi
b
is
The appointment
$200,000.
i
Murphy,
of
the Fifth
have
n
chief clerk,
Avenue
B:
list
Company.
— The
Worcester Trust Co npany
has absorbed
I
city.
.
Eugene Galvin
and Theodore Hetzler,
'-venue and
appointed Assistant Cashiers.
Mutual Alliance Trust Company
Mott Assisty appointed Gilb
J
W
Bi
were made
without the knowledge of the dir.
nt,
and the merger is said to be da
H
directorate for the presidency.
[urray, Cashier
inlof
of the bank, will become a Vi<
and some of the bank's directors wi
Ti usf
.tion on the board of th
will be the liquidating agent.
-
!
of
It is stated that negotiations for control
-
'inounced.
C.
.
of
Ti
L905
1
.
and
•
of about a
-
in
ted
(Novembei
million and a baft
ok
remain "but three nati
my absorbed du
;;•,,
C
Cii
mal and the
liquid
will
(194,55
of
9
profits
dollars,
li
'
\lr.
n
on
I
Mass.,
v
.
from $500,000
I
Bank of
month,
of the directors to increase
The new
1750,000.
to
to be issued at
is
National
annual meeting aexl
their
at
recommendation
tin-
value $100)
—
1!
stockholders of the MetacomeJ
i
Eliver,
Salis-
lat<
National Bank of Worent.
as formerly Vi<
nrcester
•
i
the
National.
First
Hamilton has succeeded the
burj a< President of
instil
National,
Central
tin-
il.
rusl
national
03 four
v
indel tedness
Th«
$1!
June 1903 with the
and Massasoit National banks, forming the Mas iPocasset
in
Hank
-Poeassel National
— The
establishment of a new institution in Philadelphia
is planned.
The name will be the People's Trust Company
and the capital $125,000 in $50 shares-
— The Girard Trust Company of
i%
dividend
its
annual declaration
The
present
Philadelphia has incri
this week mad.- a semi-
annum, having
per
12%
of
instead of the previous 10%.
dividend, and is on a
the 138th consecutiVi
i-
capital of $2 500,000.
announced
is
It
thai the reeignal
McCurdy (former
or of Richard A.
President of
the Mutual Life Insurance Company') has been accepted.
as
—
ly
I.
prominent
in
taneial
I
imore, died in that city on the L3th inst., in
affa
his eighty-seventh year.
.Mr. .Me Lane was distinguished in
-
many walks
He was
one tin
ted in an
important capacity with the Wells, Fargo Express Camps
Among tiie other numerous interests with which Mr. McLane
was idei
was the Mercantile Trust & Deposit Company
of Baltimore.
His connection with that institution began
its inception, and he was Chairman of its executive comat
mittee until his health necessitated his resignation a few
of
life.
at
years ag
— Tl
November
chart >red on
Company
Trust
n
of Scranton,
was
Pa,.,
Of the authorized capital of
28.
$200,000 ami surplus of $50,000. one-half ($125,000) wil
be paid in by January 1. and the remainder, we are ined, probably iu monthlj instalments of ten per cent
each.
r.
but
The company
It will
will
busine
begin
banking bo-
in a
•
of the
any kind,
first
>f
lb
confine it-elf strictly to a trust business.
(of the Title Guaranty & Trust Company of
will
\.
i-
:;>
The other
-urer.
;
i
:
have no;
officers
y<
t
— The
Mountain City Trust Company of Altoona, Pa.,
rated b> October with §250,000 capital and $50 000
plus, i- mal in:; preparations to begin be
Less tl
;
!
!
I
install
the
i
of
includt
Smith, ". \.
-
ii
D
b
B
inkfl
Kurtz, Dr.
— The
.1.
director- of
W. S. Aaron, Dr.
>swald, L. F. Hinman, J. A. Kohler,
a A. D .vie. W. B. McEldowi
H. E. Crumbaker and I.. I.
tie- National Hank of Chester County,
die above,
I
on the 5th ill-! elected Tholna- \V.
The late J. PreStOH ThOH
;,,-i viously
held by Mr. Mar-
;
.
i
H-e of
\
to
1
— The
final draft of
Thomas Hoopes.
the Ohio Stat" bank
by the Ohio Btate Board
of the
of
bill
<if
tiie
(
biio
1',,
de in
mit!
nting
of
Th<
total
v
d of the
000
to
Na$1
000
OOt),
was
bion
approved by the directors on the 7
inuary
will be submitted to a vote of th<
it is proposed to transfer to the capital I
il.
from
ion
the surplus and undivided profits through the
dividend, and to issue new stock to ti
of a stock
B QOUnt
As the par value of the
of $350,000, to be sold at $120.
shares
is
for th
§100, a premium of §70,000
—The
thus be obtained.
Savimrs Company,
said, has been increased from $50,000
South
the
of
capital
will
it is
Lorain
to SI 00 ,000.
— The stockholders
of the First National Bank of Peoria,
from
on November 18 authorized an increase
$150,000 to $400,000. Twenty-five hundred new shares
were issued at par and taken by the existing stockholders.
The stock was all subscribed and paid in (in cash) within
two days after the meeting, the new capital becoming
The surplus, $300,000, was not
effective on November 20.
changed. This surplus, we are advised, has all bei Q earned
by a capital of $150,000. The addition to the capital was
made necessary by the large increase in the bank- business.
At the time the Peoria National Bank went into liquidation,
in October last, a large portion of the business of that institution came to the First National.
All of the stock of
the latter is owned by twelve persons.
The last sale before
the increase in capital was on a basis of $400 per MOO
share.
The bank has been paying 6 per cent in
ids,
but its earnings, we are informed, have been very largely
111.,
il
The
in excess of that figure.
President;
R.
C.
Wheeler,
officers are
I
John C. Proctor,
and W. E.
Vice-President;
Stone, Cashier.
— According
the Chicago papers, the directors of the
to
Hamilton National Bank of that city have decided to continue the policy of adding earnings to the surplus instead
of commencing the payment of dividends.
The bank on
November 9 had surplus and profits of $154,282, and in
that statement showed an increase in its deposit- over the
August report of $270,000.
— The Colonial Trust
Bank of Chicago, which
<fe Savings
been domiciled at 205 La Salle Street, corner
since July has
Adams, calls attention in a booklet lately issued to its
enlarged facilities and central location.
Illustrations together with the text tend to
the reader with the
in1
bank's several departments, namely, banking, savings, and
bond and mortgage. A list of the stockholders and the
of
names
of the offic< rs
and
di
>
tors
complete the make-up of
<
tion
I
amount
full
<500,000 additional capital
tin stockholders of the Firs! NaMilwaukee has been paid in. making the
of
the
Bank
tional
of
now
.<2
All of the
,000,000.
— The
the
7th
inst.
thi
— The
v
of
National !5ank of Omaha, Neb., is distribushowing the constant growth whicl
institution has enjoyed since its inco'| lora ion in
mil
of
containing other pertinent facts regarding tl
First
ting a booklet
t
the institution.
gate deposit
Oct.
joint
com-
is
selling
ill
::
L864
-
a1
\
ad
v
a.
little
table giving
Oct.
i
i
-
tggre-
various dates in the p
-
16,91
I
Oct
i
1,801
II
>t...
by
it
i
the Citizen.-' National Bank of Cedar
be raised on January 2 from $100,000
200,000. At the -ante time the surplus will be increased
$25,000, making the amount $40,000, besides winch there
will be undivided profits of $10,000.
James L. Bever is
President of tin institution and R. T. Forbes is C
capital
Rapids. Iowa,
a
it
m
announced, was taken by Milwaukee holders. The
price of the stock was $166 2-3 per $100 share.
OS
,386
0,478
and the
v. ill
i
—The
authorized in August by
.
was adopted
bill
Commerce on
in November by
a o
I'.o :r,l
24.
be $49 1,000.
committee appoin
devised
bank's capital
due on May 15 next. The officers of tie institution arc
H. L. Nicholson, President; Oliver Rothert and L. Z.
Repiogle, Vice-Presidents; E. J. Lomnitz, Secretary and
T
and A. S. Fisher, General
1.
The board
.1.
May
Of
:,
the boo!
•
pa-'
suspended on
to
1
of Lorain, Ohio,
stated that a dividend of $7 per shave in liquidation
wai paid on tiic 29th ult. to the stockholders of the National
Union Bank of Fall River, making $144 50 per share thus
i'llltoll Si
plan to increase th
tional Bank of Toledo, 01
stock
It is
The bank was consolidated
— Tin
said
is
en1
'
which
Ohio,
Canton,
is
Won
in
ha
of 20 per cent to the Wril.
aits
180.
,5
'.•
— An order
capii
a
tas
I
I70:J
riCLE.
I
be
inl
ticu-
TIIK CHRONICLE.
1704
from §7, 700, soi October
Berman
190.5.
1
Kountzi
1903 to $10 551,562 Novembei
is
President
A. Creighwith J .ton, Vice-President;
and
Kountze and
C. T.
L. L.
F.
of
the
II.
KoUntze,
9
[Vol. lxxxi.
plane
vjs
institution,
Davis, Cashier,
nl
Cashii
(From our own Correspondent.)
London. Saturday, December 2 1905.
week then; was greal apprehension
here and upon the Continent.
Prices were very much deed, and rumors circulated of impending
Th<
news from Russia was regi
lingly bad.
Fej
entertained that Count Witte would
overthrown, that the Reactionaries would triumph and thai
life and death struggle would be precipitated.
The German
Emperor's speech on opening the R<
-o
depression, and the Sultan's decision to defy the Pi
uneasim
ed to incr
In the middle of the week there was a complete change of
feeling.
It was found that a large military force had w
collected in Sebastopol and had acted promptly against
The fears, therefore, that the Army could n
mutineen
be depended upon were in a measure dissipated. There is
In the early pari of the
—
The capital (if the First National Bank of Buchanan
County at St. Joseph has been increased since th< acquisition ni' the National Bank of St. Joseph from $250,000 to
ilidated on
$500,000 paid in. The two banks wer
November 27. A statement issued on that date by the
First
National shows surplus and undivided profits of
E. D. McAllister,
$301,747 and deposits of 87,078,498.
formerly Cashier of the absorbed bank, is an Assistant
Cashier of the consolidated institution.
I
-
I
—
National Bank of Commerce in
The
St. Louis, at a special meeting on the 11th inst., elected J. O.
Van Blarcom President to till the vacancy occasioned by
The
the death on the 6th inst. of William H. Thompson.
new President has advanced to that office by successive
steps, having held the post of Cashier from 1877 to 1898
and that of Vice-President since then. No other changes
have been made in the bank's staff on account of Mr. Van
Blarcom's promotion, B. F. Edwards and John Nickerson
continuing as Vice-Presidents and J. A. Lewis as Cashier.
directors of the
— At
the annual meeting this week of the Mercantile
of St. Louis, William Maffitt, heretofore
Assistant Treasurer, was elected Treasurer.
George W.
Trust
Company
Wilson, who was the Third Vice-President and Treasurer,
continues in the first-named office. The usual "Christmas
dividend" of 4 per cent on the $3,000,000 capital was declared, payable on the 20th inst.
The company also pays
dividends of 1 per cent monthly, and in May distributed
an "extra spring dividend" 'of $4 per share.
— The
Citizens'
November
Bank
of Norfolk, Va., in publishing the
9 statement in the local papers accompanies
it
with a comparative exhibit displaying the growth of the
institution from the date of organization in 1867 to the
The return for November 9 shows capital
of $300,000, surplus and profits of $287,475 and deposits
of $2,297,940.
On July 1 1904 the surplus and profits
were but $262,739 and deposits $1,736,205. On the same
date in 1884 the amounts were: surplus and profits, $35,000,
and deposits, $374,624. The bank is under the following
management: W. W. Moss, President; J. W. Perry and
McD. L. Wrenn,
Vice-Presidents; Tench F. Tilghman,
Cashier; Norman J. Bell, Assistant Cashier, and George J.
Twohy, Trust Officer.
present time.
—At
a special meeting on Tuesday the proposition to
increase the capital of the National Exchange Bank of
Wheeling, W. Va., from $300,000 to $500,000 was approved
by the stockholders. The sale of the stock at $200 per
share will add $200,000 to the surplus fund.
— All
arrangements for the consolidation of the Metro-
Bank of New Orleans and the German-American
National Bank have been terminated, and the meetings of
politan
the stockholders, which were to have been held the latter
part of this month, have been canceled.
It is said that
the interests in the two banks were unable to agree on
details.
The organization of the German- American Savings
Bank & Trust Company, which has been in progress by the
German-American National, is proceeding, and the new
institution will begin business early the coming year.
— The Canadian Bank of Commerce (head
office, Toronto)
has issued its statement for the year ending Nov. 30 1905.
The net profits for the twelve months are shown to have
been $1,376,16S, which, together with the balance of $28,726
brought forward from the preceding year, and the premium
of $564,996 on the new stock issue gave a total of $1 ,969,890.
Out of this the bank paid dividends at the rate of 7 per cent
per annum, amounting to $666,784; transferred $1,000,000 to
the "rest" account and $25,000 to the pension fund, besides
which $219,234 was written off "bank premises," leaving a
balance of $58,872 to be carried forward. The bank's total
paid-up capital is now §10,000.000 and
ount
is $4,500,000.
The deposits are $74,373,491, as against
$70,459,351 a year ago and $62,783,655 two years ago.
.
—
The Bank of Nova Scotia at Halifax is to increase
semi-annual dividend from 5 to 5J^ per cent.
its
.
much
nervoi
still, of course, in France, Germany and
Holland, for in tho
Ri
an securities of
all kinds are held in enormous amounts.
Here in London
Russian securities are very little held, and the financial public
is not interested except in so far as what is happening in
Russia may affect the money markets and bourses of tinThere is, accordingly, a much more
three countries named.
hopeful feeling in London than either in Paris, Berlin or
Amsterdam. Nevertheless, the brilliant success of the
Japanese loan both in Paris and in Berlin proves very conclusively that the nervousness in those two cities is not
great as it is sometimes represented to be; that, on the contrary where a security recommends itself to the public there
The loan has been covered
is great eagerness to secure it.
more than 20 times here and over 12 times in Paris. Probably it might have been covered 40 times in London but
that the subscription list was closed three hours after it had
been opened. The new bonds stand at a premium, and
there is a good demand for them for French investors, for.
although 12 millions sterling were allotted to Paris to be
brought out there, that amount does not satisfy the French
demand, and consequently French investors are buying both
the new scrip and the old bonds.
Except in regard to Japanese, however, French investors
At the beginning of the week they
are doing little just now.
In consequence, prices
sold mining shares on a vast scale.
fell to the lowest level that has been touched for years, and
rumors circulated that serious failures were impending. An
interview Avith Sir Julius Wernher published in one of the
French papers seems to have checked the avalanche of French
selling, and later in the week there was a decided recovery.
The recovery in London has been still more marked in conThe impression is strong
sols and other high-class securities.
that now we are apt to have much cheaper money than hitherto and that the Government will change its policy in regard
Consequently there is a strong expecto the sinking fund.
tation that consols will steadily advance and with them all
There has also been an improvement,
high-class securities.
in British railway securities, and generally the second half
of the week has been in striking contrast with the first.
Hope has taken the place of gloom and depression. In
Germany trade continues exceedingly active, but little is
doing upon the bourses. The banks are using all their efforts
to keep speculation within bounds, and they occasionally
put pressure upon their customers to pay off loans. But
the customers, hopeful that there will be easy money as soon
as the new year sets in, are very unwilling to sell, and the
banks shrink from strong measures to compel them.
Money has become this week decidedly more plentiful
and easier. On Thursday next the Treasury will redeem
11 millions sterling of Exchequer bonds, and the general
impression is that that will set free so large an amount of
money that the rates both of interest and of discount will
be reduced and will remain low for the remainder of the year.
It is to be recollected, however, that the Government has
been making preparations for the redemption of these bonds
It seems unlikely, therefore, that very
for a long time past.
many of the bonds are still in the hands of the outside public.
Probably the larger part of them have been bought up by
the Government departments long ago, and consequently
the disbursements next Thursday will be much smaller
than is now anticipated. However, the city is very hopeful
that a large amount will be transferred from the Bank of
England to the open market.
Moreover gold is coming from South Africa in very large
amounts, and the Bank of England is securing a considerable
proportion of all that arrives. The Indian Government,
To do so, it is
furthermore, is buying silver on a large scale.
sending gold which comes into the Bank of England and
ultimately is at the disposal of those who have the silver to
The active export season is now in full swing, and as
sell.
recent rains have dissipated the fears of serious distress over
There is a
the greater part of India, the public is hopeful.
strong demand for money, and in consequence rupees are
taken" in large quantities out of the Treasury.
Over and above this, a very large amount of gold was sent
some months ago to Egypt to move the crops and to finance
It now turns
the active creation of companies then going on.
out that more gold was sent than is required, and the metal
The portion that
is being returned to London or to India.
goes back to India will, no doubt, be sent back here for the
,
\
,
Deo.
Hi
purchase of
of
For all these reasons, the hope is strong
moderately plentiful and easy for the rest
demand
barring of course a Btrong
1
.
'.)<
from
Is.
L-32d. to
1
Is.
DIVIDENDS.
The following dividends have been announced
week:
this
i
per rupee.
1-ltWl.
I
705
1
for gold for
The India Council offered for tender on Wednesday 80 lacs
Lacs at prices
rafts and the applications amounted to
jjing
.
.
(Tommcvctul and H\ isccUanc!.ui5iUuus
rued Stales and Argentina.
i
5
.
'
THE CHRONICLE.
lim.->
silver.
will be
money
;hat
.
1
Boo
Appli.\'<im.
l-32d. and for telegraphic transfers
(or bills at Ls.
1'-',
of the
1>. 4 l-16d. per rupee were allotted about
Camp
o,
I
at
amounts applied
for.
100 J.
1903.
D«
Dee. 2.
e
E
ork s it.
Northern Central
New
e
•JO. oi
28.110.620
1,850
11,092.840
S -, 1.087
r.5i«.i
40,22}
18.259.427
42.15
15.610.005
1,058
lO.Oli
1.670
.
21.097.1
23.645.i 16
18,116
II
31,282
lla-
\
...p. o.
it
p. c.
4
o
ix dividend.
The rates for
-'7
27
«
money have been
Nov.
England rate
of
*
et
—6
•
—4
mom
4@4'
l
At
3
3
3
days
Dec.
Nov.
Nov. 25.
2.
Hank
Ra^
Open
Market.
Interest at
Hank
;i
">'•;
BerUn...
5K
Hamburg.
l's
tort
:dam
3
3
4
4
;
4 7-16
43
_
nom.
irsburg
Madrid
Copenhagen
5
4%
m
4 7-10
nom.
4H
o}4
5\4
3
4
4Y,
.V..
I
<
5
4-.S
nom.
4
4H
4
5
414
write as follows under date of
Abel]
30:
The Bank
).
of England lias aeain scoured the principal portion of this
Next weeks arrivals Iruiti the (ape
jTlvals. which amounted to i'715,000.
be about £364,000. The Bank Ins lost £217.000 in Sovereigns, chiefly to South
is 400; India, £1,001.100; Sue;:, £1.000; West InAmerica. Arrivals— Australia. £
dies. £27,700: Shiplea, £649.200: China. £10.600: total, £1.714.900.
s—Bombay. £59,000: Colombo, £1.000: Madras. £500: total. £00.500.
A keen demand for really prompt delivery has been the feature of the
SILVER.
market during the past week, and though Mexico has been a Iree seller of Dollars.
these, not being due to arrive here before the middle of December, have been us
The spot Quotation has advanced to
illeve the immediate short position.
30 5-16d.. whilst forward has not risen above 29M|d. The Paris Mint has bought
10.000 Kilos for near delivery. The tone of the market at the close is somewhat
The price in India is lis. 7."> 13-16 per 100 Tolahs. Arrivals New York.
unsettled.
,100; West Indies. £10,500: total. £256.600.
Shipments—Port Said, £1,250;
^onc. £64.860: total. £319.710.
Bomb
MEXICAN DOLLARS. -These have been offered in fairly large quantities at
about their melting value, and a large proportion have been bought for Chin;
-co.
The remainder will be brought to this mart for shipment <•
Arrivals— Vew York, £47.ii20.
will
—
—
sold, fine, oz
E
'
.
1
a,
•
t.
9%
77
76
.
|
:::>';
m
I
-
.
I
4%
1
.-n.\ i:r.
2j.;
<!
4\
'<
oz .o76
coin, oz. o76
en, oz
term
Woo.
'
s. d.
lard.
IH
Nominal.
Nm
Kulard.
Bar silver, line, oz
" 2 mo. delivery
Bar si!', it containing
5 grs. gold, oz
1 grs. gold, oz
-. gold, oz
fake silver. OZ
Mexican dollars
—
.
Jan
lal
Dee.
Dec.
Jan.
w. 2
Hon.
Sat.
d. 29 11-D
H
39 7-16
per cents
S9%
fl-16
dn Par.).. fr. 99.75
nine Co
I
-
99.72%
American Screw (quar.)
.108
<fc
Ohio
.115%
68%
67%
21
1
92 \A_
83
'-.
'
.
39
92%
74%
[erred.
-
-
181
I
fan.
Jan.
fan.
ran.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Dec.
Iron, pref
No. 15
Lorillard Co., P.. pref. (quar.).
Mergenthaler Linotype (quar.)
Dec.
Kef::., pref. (quar.)
Y
Ol
X orfol k A \\
Preferred
.
1
rn
Jan.
to
Jan.
Dec.
to
Dee.
to
Jan.
to
of rec Jan.
of rec. Jan.
of rec. Dec.
of rec. Dec.
1
1
2
2
30
30
2
15
30 5-16
29 13-16
29%
30 13-10
30 5-1G
30%
30%
30 7-10
Auction Sales.
Holders of rec
to
to
IS
IS
1.
u
IS
15
10
10
10
Holders of rec
Holders of rec
folders of rec
to
Dec. 31
to
Dec. 21
Io
i
ran.
to
i
ran.
to
Ian.
1
i
Dec. 15
2
Jan.
Jan. IS
Dec. 30
Dec. 20
Dec. 20
Jan. 15
1
Jan.
Jan. 10
Jan. 10
Jan. 10
— Among other securities the following not
regularly dealt in at the
By
I
Messrs. Adrian
nom.
II.
Board were recently sold
MuUer & Son:
o fcs.
StOi
5
.
A.mi
I
r.
.
-
RR.Co
at auction:
Exch. Nat. Hk._274
250 Cent. Light. Co. of N.J.
$7 lot
Prel
265
60
io Providem Sav. Life As.
1600
SflC. of X. Y
Bonds.
520,000 Rockaway Vail. Ry.
1,250 Rock. Vail, i: .Co
200 Speedwell Lake RR. Co. 9-10
5 Lawyers' Title In. & Tr.
__
Co.
Ji'7>.
i7(i'.,
50 Sixth Ave. RR. !o
ent. Park, N. & E. R
26
205
10 Westchester Tr. Co
200
nterboro Hunk
150
It v Co. of Ani'-r
130
c.oi)',
!0 Lincoln
Co
r.
i..40
400 Standard Mill. Co. id
40 U. S. Flour M. Co.O
1st 5s. 1906.
190:; Coupon
Ocl
68
S2,00!) Pine Bluff & West
Hi;. Lsl 5s, L923.
ii
io:-
TREASURY CURRENCY
HOLDINGS.—The following
compilation, based on official Government statements, indite currency holdings of the Treasury on the First of
October, November and December L905.
corresponding dates in p
year will bt found in our i
Dea mber 17 1904, page 2l
i
com
3URV NET HOLDINGS
86%
com
—
Oct.
1
1905.
$
263,831.81
13,106,180
1905.
1
Dec.
1
S
i
i
i
10,
Minor
'l
- .
1
i
-
.
".7,,
col
otal cash
Less
1
B
-
...
In
31
und
:
.
103
141%
I
10!
i
Net
22
Preferred
.78%
b
£
iterlfa
'
101
Ted
»h
per share,
31
1
15 Holders of rec,
ran.'
ran..
15
10
10
31
Holders of rec. Dec. 30
Dec. 29
to
Jan.
to
Dec. 24
Jan
Dec. 21
to
Jan.
to
Dec. 17
Jan.
to
Dec. 17
Jan.
17
Dec.
to
Jan.
to
Jan.
Dec. 21
to
Holders of rec. Dec. 31
2
Jap.Jan.Jan.-
1
31
31
2g Dec. 18
:;o
Jan.
Jan.
1
on the reduced capital.
I
a
15
Dec. 30
9
Jan.
9
Jan.
2
Jan.
1
Jan.
to
Jan.
Jan.
Western Fnion Telegraph (quar .)No.l49
Westlnghouse Air Brake (quar.)
Extra (quar.)
house Machine (quar.)
cs
-
(Olders of rec.
to
to
to
to
.Ian.
Preferred (quar.)
Virginia-Carolina Chem., pref. (quar.)..
I
2
Dec. 31
i
Jan.
Jan.
Dec.
Dec.
ft
Equip. Cor. (monthly). No. 91.
Royal Baking Powder, pref. (quar.)
Fnion Ferry (quar.)
Union Big & Paper, pref. (qu.) No. 27.
T'nitcd Fruit (quar.) No. 20
United Gas Improvement (quar.)
United Shoe Machinery, com. (quar.) ..
v
.
i
30
Ian.
Otis Elevator, pref. (quar.)
1
2 Holders of rec. Dec. 20
1
30 Dec. 24
Jan.
tO
r
rlan<JTelep.&Teleg.(qu.)No.89—
Prefen
N*
to
to
Jan.
Jan.
Jan.
31 Dec. 21
30 Dec. 21
30 Dec. 21
16 Jan.
l. > Holders
16 Holders
16 Holders
15 Holders
Preferred (q uar .)
Central Coal & Coke, com. (quar.)
Pre fcrred (q uar .)
Columbus Gas Lt. & Heating, pref.
Crucible Steel, pref.. No. 13
..,
itr
.
1
$1 lot
-
irande com.. 39
1
to
to
30
American Shipbuilding, pref. (quar.)
American Type Founders, com. (quar.).
'I
,
Baltimore
Tua
89%
'M\4
31
IB
to
Dec.
Dec.
Dec.
<
£>ec. 15.
Dec. 30
Dec. 24
I
Miscellaneous Companies.
Aeolian Weber p. & P., pref. (quar.)..
a Five per cent
English Financial Markets Per Cable.
daily closing quotations for securities, etc., at London
as reported by cable have been as follows the past w<
ending
10
31
Jan.
2 Dec. 7
2 Deo.
2 Dec. 23
30 >(•[•. 21
(quar.)
Extra
Extra
National Sugar
I
I
Dec. 31
Dec.
Extra
Ice. pref.
io
19
rec
to
if."i6""to
1
Ian.
Ian.
Manhattan
&
16
,,ii
Franklin, Brooklyn (quar.) No. 62
Guaranty (quar.)
Steel
M
(I.
29%
nom.
Holder
Jan.
Jan.
2 Dec, 22
1
Dec.
8
23.
d.
to
of
Jan.
Jan.
Tiie quotations for bullion are reported as follows:
GOLD.
2
Ian.
Knickerbocker
Jan.
Jan.
Jan.
10
Dec. 17
2 Dec. 25
2 Dec. 17
Empire
November
—
-
Extra (quar.)
'-",
18
2
in
Jan.
Van Xorden
414
!',
4
4'.-
&
Pixley
Messrs.
nom.
5Ms
4y,
4
4 15-16
2fS
4
i.
Metropolitan (quar.) No. 36
5H
4%
3
3H
Hank
Kate. Mar::: I
2-,
3
4*4
•V,
iels
i
3
5H
'•:
3
.
Jan.
Dei-.
w.
i
1
ran.
11.
.
Open
Rate. Market.
1
Providence (qu.)J
Open
IS.
Hank
Open
Kate. Market.
3
Holder
ran.
Jan.
Jan.
Jan.
Jan.
Mutual
New York County National, No. 107
Trust Companies.
3Ji
3M
Hank rates of discount and open market rates at the
chief Continental cities have been as follows:
.
Di
Mercantile National
2«
2H
to
of rec.
to
to
to
of rec.
of rec.
Dei
I
Jan.
to
lolders of rec. Dec.
lolders of rec.
Jan.
to
C 17
j
>n
4K@4>|
i>,
i
i
I
(Brooklyn) (quar.)
itlonal
l
2 Dei
10
Fan.
Banks.
Fifth Avenue, N. Y. (quar.)
v.
4«i
I'm
dep
By Joint-stock banks
Uv discount bo
call
to 14
4
4
ZH®4
ilec..
I
to
Dec. 28
10
2
Jan.
Jan.
(quar.1
Passenger, Philadelphia.
Philadelphia Passenger
nlon
Deo.
Jan.
i
31
|
City Rapid Transit, pref. (quar.)
United
Deo.
,
27
to
Holders of rec.
30
Jan.
Jan.
!
Consolidated Traction, M. J
Dayton & Western Traction, com
Preferred (quar.)
Lincoln Traction, pref
Reading Traction, com
we. Passenger. Phlla. (quar.).
rum
10.
4
4
:
months
ailoired lor
Preferred
Dec
2
I
I
bills— 3 months
le
NOV.
17.
4
4
rates —
— 4 months
mouths
or Georgia
Street Railways.
Worcester Blec, pref
'.
as follows:
No\
Hank
op,
d.
'
Jan.
Dee.
Jan.
I
A Washington
Canton-Akron Hy.. pref
Capital
rac, W ash.. D.O.,
in Ry. (Dayton, <>.). com. (qua
l
no!
Jan.
i
i
I
15-16
J 9-16
.li'.d.
26 7-ir.ii.
4,000 253.726$00 21G. 145.000 247,934,000 >19,26
89H
30S-16d.
-house returns- 17,
47 15-16
5-16
3
15
Do
.",1
Northern Securities
Oregon KH..V Nav., prel
.v
to
i
.
Hartford (quar.)
.v
.
1
).
Holders or rec.
pref
.
Southwestern
[S.805
22 KS9.599
"i
l'hila. Bait.
17..'-
29,75S.tit)4
.v St. Louli
Pacltlc
I
i
Jan.
Jan.
Manhattan Elevated, guar, (quar.)
n
4.
.
2
Jan.
Jan.
tern
Central (quar.)
Minneapolis
looi.
com
I
i
,
1004.
9
ir.)
,
following return shows the position of the Bank of
England, the Hank rate of discount the price of consols, &C.
lared \sith the last four years:
rate
iin),
Rnil
Vtlantta Coast LI
Line,
Baltimore A Ann.
Heeeh reek, guar, (quar.)
Revere Beach «S Lynn
Boston
cub
Available
I,
•'(
in
bai
101.00
cun
Oedui.i
-
cub
bftuvoce
--
I
THE CHRONICLE.
1700
Statement
New York
City Clearing House Banks.
The following statemenl shows' the condition of
k City Clearing House hanks for thi
el
December 9. It should be distinctly undei
that as to all
items except capital and surplus the figures are the averages
of
!
i
[Vol. lxxxi.
New York
ol
s
ork figures
>
.
Eoston and Philadelphia Banks.— Below
kly returns
House
Boston and Phi
ia.
The
do not include
lember
City,
iimmary
i
-
hanks.
i:
i
omit
a
i
i
plurs (00)
of the daily results, not the totals at the
end of the week.
In other words, in reporting loans and deposits and
of specie and legal
nd< rs, the practice is to take the aggregate of the amounts for the several days of the week and
divide this aggregate by the number of days.
We omit two ciphers (00) in all cases.
!
;
$8
Surplus.
ti
Hanks
Capital.
Loans.
Surplus.
Spa
Lit) 'Is.
i.
00s omnia!
Bank
Of
s've.
Manhattan Co
..
America
Plicnix
City
Chemical
Merchants'
Ex
Gallatin
&
Butch.
Drove
Mech.& Traders
Greenwich
American Exch
Commerce
Mercantile
Pacific
Chatham
People's
North America-
Hanover
Irving
Citizens' Cent.
Nassau
Market *• Fult'n
Shoe & Leather
Corn Exchange
Oriental
Imp. & Traders'
Park
East River
Fourth
Second
First
N. Y. Nat. Ex.
Bowery
N. Y. County..
German-Ameri.
Chase
Avenue
Fifth
..
German Exch..
Germania
Lincoln
Garfield
Fifth
Metropolis
-
West Side
Seaboard
Bklyn
First N.,
Liberty
N. Y. Prod. Ex.
New
Amster.__
Astor
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
000,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2 000,0
3 000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2 000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
1,000,0
300,0
1,000,0
1,000,0
500,0
16,290,0
23,033,0
11,317,7
2,741,8
2,576,3
I,
12'.
3.4S5.3
3,855,3
253,1
17,867,4
7.77 4.7
382,6
2,266,2
144,5
359,0
561,6
4,346,8
12,177,7
4,361,0
651,9
1,055,4
437,2
1,829,2
7,068,8
1,078,9
647,2
325,9
1,381,2
453,3
3,358,6
1,130,3
6,733,5
7,215,0
114,9
2,930,7
1,582,8
15,882,7
888,1
774,1
744,0
561,1
4,951,2
1,749,6
lS,X2(i,0
21,415,0
5,754,0
161,064,5
23,529,0
5,370,6
8 200,0
2,250,0
5,676,0
4,275,2
29,207,2
131,953,3
21,476,3
3,218,5
5,719,2
2,086,7
14,308,7
49,371,2
6,964,0
18,236,0
3,265,3
7,142,1
6,800,0
30,656,0
9,287,0
23,763,0
64,812,0
754,4
898,1
1,483,0
1,334,2
435,0
1,615,9
749,8
1,000,0
638,5
2,084,0
496,4
603,8
614,5
350,0
Totals
S
$
N. Y.
Merchants'
Mechanics'
D< posits.
1,220,3
18,251,6
10,187,0
91,849,9
8,622,4
3,242,0
4,545,9
3,869,2
42,383,2
9,861,1
3,099,4
3,006,5
11,777,5
7,445,3
2,591,0
9,127,0
4,048,0
15,011,0
4,175,0
10,457,8
5,783,3
5,627.9
4,835,0
$
1,423,0
2,318,0
1,299,5
1.716,0
2,171,8
2,700,0
3,329,0
2,498,5
2,720,0
3,979,9
765,0
31,708,3
1
259,0
984,9
1,765,8
614,9
593,9
91,9
693,0
477,3
1,731.5
9,624,8
1,496,1
421,3
871,0
910,0
587,9
819,0
757,5
3,110,5
17,864,7
2,954,4
353,4
571.4
419,2
862,0
407,7
1,302,0
5,515,9
347,0
1,022,4
422,2
731,1
383,0
3,989,0
372,2
1,330.0
3,210,0
164,2
1,814,4
8,904,3
1,225,0
3,421,3
313,1
819,1
1,737,0
5,983,0
1.210,4
3,790,0
15,347,0
201,8
3 389,3
1,894,1
2,054,0
2 082,4
401,9
255,0
544,2
215,1
1,521,1
473,4
750,0
651,6
2,396,7
322,3
137.5
273,2
381,0
1,441,0
719.0
350,0
470,1
880,1
331,0
626,0
13,711,8
1,669,6
446,0
1,088,4
615,3
10,012,9
2,345,9
140,0
486,0
532,9
1,077,6
512,8
1,879,2
703,0
2,531,0
596,0
1,627,8
1,233,9
775,4
896.0
is.
25,045 ,0 22.5
14,135 ,1)26.8
17,895 .0 24.8
23,060 ,8 26.0
4,500 ,0122.7
149.579 ,5 26.5
22,046 8 27.4
5,731 6 25.9
5,969 3 25.1
2,788 5! 24.
23.0
6,570
4,707 9126.2
21,015 9!23.0
108,576 6125.3
17.711 2125.1
3,848 « 20.1
5,619 0i25.5
2.715 81.30.4
12.453 225.0
57.142 225.2
24.6
6,374
17,932 024.8
3,791 5 19.3
6,597 1|23.4
8,733 4 24.2
26.0
38,233
8,978 7 17.6
20,635 0:24.8
72,913 0125.4
1,458 7 25.0
20,217
26.1
24 6
10,849
75 336 0J20.9
8,195 4; 25 2
18.9
3.691
5,797 828.1
3 60S 4.-52.4
46 969 9 24.5
10,941 3 25.7
4,139 1 21-5
5,543 4 20.5
12 308 8 23 .7
7,662 fi|26.0
2,541 2125.5
10,375 3,27.0
4,291 0|25.2
17,030
23.3
4,493
?9.3
S.413
23 .5
6,738
25.2
6,573
25.1
4,871
25.1
7
4,283,
%
S
4,801
116,472,7 140,800,5 1016,320,8 173,526,3 73,286,1
a Total United States deposits included, §8,568,300.
New York
s
%
%
%
Nov. 18
256 [33,5
3,6 179,607,3
Nov. 25.. 257 273,2 1012,288,3 184,466,6 7i.4s4,9
$
-'.151,172.7
i
029,707,6
1,954,195.9
.
Dec. 2
257 273.2 10
52,3 179,843,4 74,515,1
Dec. 9.. 257 273.2 1016,320,8 173,521,,:; :
Boston.
Xov.25__ 41 867,6 180,278,0 15,244,0 6,599,0
Dec. 2.
41 867,5
179,509,0 14,706,0 6,140,0
Dec. 9.. 41 867,5 179,710,1) 15,260,0 6.691,0
:,
.105,535,0
992,235,7
207,113,0
209,580,0
7,183.0
151
3,230,8
1.549,7
Phi la.
Nov. 25..
Dec.
Dec.
860,0
860,0
48 860,0
210,449,0
209,652,0
210,427.0
48,
48,
j
9
58,807,0
59,393,0
54,462,0
244,513,0 14,112.0
149.201,0
134.590.3
113,401,9
,0
238,231,0 14,344,0
a Including for Boston and Philadelphia the item "due to other banks" and BlSO
Government deposits. For Boston these Government deposits amounted on December 9 to $1,387,000; on December 2 to SI, 396,000.
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Dec. 7 and for the week ending for general merchandise
Dec. 8; also totals since beginning first week in January:
....
FOREIGN IMPORTS AT NEW YORK.
-
For week.
1905.
DryGoods
General Merchandise
Total
Since January
1904.
$2,425,808
8,026,347
.
$10,452,155
CJ
1902.
1903.
SI, 964,756'
9,983,498
82,064,775
7,306,111
82.799,138
8,661,882
$11,948,254
$9,370,886
Sll. 461,020
1
DryGoods
8133,018,704 $113,947,971 S122,436,19 r $118,531,128
527,751,880| 458.589,235 433,143,922 419.941.284
i
General Merchandise
.
..
Total 49 weeks
770, 590;S572, 537,206 S555.580.121 $538,472,412
The imports
of dry goods for one week later
e found
our report of the dry goods trade.
The following is a statement of the export- (exclusive of
specie) from the port of New York to foreign
for the
week ending Dec. 11, and from January 1 to date:
in
EXPORTS FROM NEW YORK FOR THE WEEK.
1905.
For the week
Previously reported
.
1904.
513,323,116
509,713,035
$9,480,169
462,417,017
1903.
1902.
$12,113,71
$9,935,393
457,441,053
476,517
18
Total 49 weeks ..
$523,036,151 8471 807 186S48S (53
J467 406 446
Note. As the figures of exports as reported by the New York
-.;-;om House
from week to week frequently show divergence from the monthly totals, also compiled by the Custom House, we shall from time to time adjust the
tals by adding
to or deducting from the amount "previously reported."
i
.
—
I
The following table shows the exports and imports of
specie at the port of New York for the week ending Dec. 9
and since Jan. 1 1905, and for the correspond
riods in
1904 and 1903:
EXPORTS AND IMPORTS OF SPECIE AT NEW
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending December 9 1905, based on average of daily
Y( IRK.
results:
We
Banl
omit two ciphers (00) in
Sur-
.
00s omiiti
Capital.
d.
Loans
and
plus.
Invest-
Legal
Ten. &
Specie.
ments.
Great Britain
France
all cases.
Bank
Notes.
Deposit with
'
Net
Clearing Other Deposit's
Agent. Bks.&c.
N.-Y. City.
Boroughs
of
Man.&Br'x.
Wash. H'g'ts
S
100,0
Century
200,0
Chelsea Ex
Colonial
100,0
100,0
Columbia
300,0
Consol. Nat
Fidelity .
Street;.
Hamilton
._
Jefferson
Mt. Morris
Mutual
19th Ward
Plaza ..
Riverside
State.
12th Ward
23rd Ward..
Union
,
ten
United Nal
Yorkville .
Coal & I. \;l1
Metropolitan
34th St. Nat
Borough
S
154,2
133,1
74,5
316,8
392,2
1,000,0 1,004,3
200,0
138,4
500,0
96,0
200,0
129,4
400,0
408,7
250,0
144,0
200,0
200,0
269,0
216,4
274,7
102,6
100,0
100,0
100,0 1,085,2
200,0
151,7
100,0
126,4
750,0
619,5
1,000,0
178,5
100,0
320,7
300,0
233,6
1,000,0
304,2
200,0
203,7
S
746,0
992,3
676,3
3,648,7
6,195,0
4,066,4
852,5
4,504,2
4,454,8
3,327,6
2,833,3
3,MiO,3
2,733,3
3,627,0
1,582,4
11,719,0
2,381,0
1,659,7
6,
/.-,.-,, i;
2,258,9
2,776,8
3,072,5
3,824,9
1,138,9
$
12,2
27,0
39,4
89,2
275,0
399,4
19,t
152,3
221,5
9,7
145,8
34,5
30,6
240,0
22,3
716,0
42,0
61,4
43,0
216,1
36,5
627,9
232,2
236,5
S
36,0
28,9
12,3
372,9
240,0
70,6
50,7
317,8
181,2
131,3
100,2
291,7
212,3
211,0
111,6
357,0
263,0
177,7
571,4
56,5
293,0
129,6
57,5
4.8
$
71,5
64,9
32,8
399,8
345,0
261,0
77,5
289,1
113,2
272,8
181
i5o;o
336.7
108,0
89
139,0
136,0
133,7
268,4
85,9
122,3
444,3
269,2
117,4
S
610,4
923,2
710,0
4,386,6
6.320.0
2,330.0
842,9
5,210.6
4,929,2
3,370.4
3,274,4
3,926,8
3,043,5
3,780,0
•
.
36,8
27,4
164,9
3,7
25,0
48,0
260,0
124,1
56,8
57,2
9.8
~86~3
1,734,7
854,0 12,963,0
2,845,0
2,077,0
6,536,4
1,209,8
3,103,1
3,636,5
3,817,0
1.079,5
1,7
139,5
250,0
"
W,6
68,7
707,3
1
Brooklyn .
Mfrs' Nat...
Mechanics'
.
Nassau Nat
Nat. City
.
..
North Side..
People's
17th Ward..
Union
Waliabout
1,000,0
300,0
300,0
100,0
100,0
100.0
300,0
..
100,0
120,4 2,064,8
371,0 2,749,0
173,5
1,890,1
645,8
4,154,9
861,4 10,101,7
792,2 5,443,0
608,3 3,627,0
196,5
1,705,7
211,8 2,052,2
105,1
856,7
211,0 5,709,0
103,0
964,6
37,2
21,0
117.4
322,5
226,4
212,0
137,0
23,1
61,3
11,5
151,0
62,6
172,1
137,7
66,4
167,0
Total 1905
Total 1904
Total 1903
Nat
Hud. Co. Nat
Second Nat.
Third Nat. .
558,9
395,0
270,0
110,8
144,8
67,3
134,1
303,0
42,4
90,4
614,0
36,0
68,4 2,241,9
49,9
2,779,0
23,5 2,140,3
207,0 4,970,3
155,2 11.644,3
5,344,0
" 78~6
4,017,0
96,1
1,713,0
255,7 2,308,8
51,1
957,1
434,0 6,827,0
47,1
977,0
400,0 1,126,6
672,7
250,0
126,5
250,0
200,0
307,5
4,881,7
2,662,5
910.2
1,594,9
158,5
97,6
67,6
44,8
360,6
76.6
1,397.3
282,5
23,3
68,9
222,9
434,7
110,0
125,0
2,887,2
1,393,7
160,8
58,6
41.9
40, S
175,4
457,0
5,652,1
2.447,5
L34,9
9.4
25,2
Nat . .
Second Nat .
562,3
176,2
45,4
'
.i
;
'
'
149,473
4,000
711,0041
9,657
S2.491
120.572
38.377
1,701
S13.166
20
105,664
186, 29S
661,037
94,423
$1,037,455 $34,357,336
310.960 35,022,4701
974.961 30.183,871
SIC?, 141
18,762
10,919
$4,060,608
1,147.125
1,528.176
576,921
I
-
West Indies
1
Mexico
South America
All other countries
Total 1905
Total 1904
Total 1903
Of the above imports for the week in 1905 $59,916 were
American gold coin and $2,505 American silver coin. Of the
exports during tile same time $2,500 were American gold
coin and
were American silver coin.
Auction Sales.
— See page preceding.
and Witmncinh
Spencer Trask
&
Co.,
Investment Bankers.
We
transact a general banting business; sell and purchase investsecurities issue circulars describing short-term and long-term
hi.uh-srade bonds: execute commission orders upon the New York
Stock Exchange and in the financial markets of the leading cities.
Wo also have special representatives in all of the principal cities.
ment
;~
Branch Office, Albany, N.Y.
Willium and Pine
Moffat
2,888,0
1,428,7
Tot. Dec. 9 12237,0 14510,2 135330.3 5,901,2 7,320,5 11,575,9 5,428,2
1983,8
Tot. Dec.
2 12237,0 14510,2 134384,6 5,823,5 6,782,0 12, 142, 2 5.767
39,6
Tot. Nov. 25 12237,0 14510,2 133479,9 5.731,7 7,037.2 12,337,1 5.495,1 142391,8
$124,9: 9 $16 206,227
216,781
9 466,002
1,198,8 1 14 566,364
81,037, 195 $32,891,02-1,
Germany
945,0
2,042,8
243,3
84,1
S60,0s4
Silver.
Great Britain
France
Hoboken.
First
$16,500 838,375,547
4,005,000 101,618,698
107,000 33,324,710
SXauUinc*
123,9
181,2
335,4
701,3
1,039,7
698,0
521,0
33,2
Jersev City.
First
9.500;
All other countries
o)
200,0
150,0
300,0
252,0
20
5,388,661
108,300
7,516,500
8,000
$2,500
4,500
Mexico
South America
Brooklyn.
Borough . .
Broadway _.
S5,502,91I
4,266,136
3,387,006
980,342
240,781
1,59S,798
230,253
$1,500
25,352,566
Germany
West Indies-
5
&
Sts.,
New
York.
White,
•embers New York Stock Exchange.
NASSAU STREET,
HANOVER BANK BUILDING.
i)ealer« in En vestment Securities.
COMMISSION ORDERS EXECUTED FOR CASH
O*-
1
.
V
4
.
Dec. L6
For
THE CHKOXICLK.
L905.1
uhevs
51:
see jxigf
1
1
1
/
1907 at lO.S'o and 18,000 is reg. I907.'atjl03. The following
are the daily closing quotations; for yearly range see third pagt
u?:i^c(tc.
following:
705.
Inter,*!
Wall
Friday NigM, Dec.
Street,
•
linuissui
late
sufl
lev.
Is
registered
2s, 1930
coupon
js, 1080
3a, 1908-I9is. .registered
OOUpon
3s. 1908-1918
3s, 1908-1918, small. oonp
registered
4s, 1!H)7
coupon
Is 1907
registered
4s, 1923
•
•.-.
'
lie
.
;.
-..
I
•
I>,v.
le
~
12.235.700 Do-.
.. 526,300
Dec.
Legal tenders..
Reserve
211.965. 100
76.910,100
115,572,700
132,221,000
880,893,800
46,117.300
842,855,700
152.333,600
66,458,300
7. :,i,l. :,(I0 l.iisL'.nsy. CIO
Deo.
1
9
-
s
I
llDec.
a
1903.
Dec. 12.
115,972,700
135.1S7.700
'
I."
ilatl ib
Net depi
1904.
Dec. 10.
116.472
..
Surplus.
from
Dec
707,800
1.936,800
6.317,100
1.229,000
12,534.100
IIS, 040,000
1.
248.038.925 Dec.
7,54i;.100
200
288.875.200
279,510,000
218, '91.900
210. 13,925
... Def.1.246.525 Dec.
i.
3,81!, 900
9,365,200
8.077,975
12.4
.
Surph:-
.
.
_
.'I
included, acalnst Ss.567 500 last we
:idinz week of 1904.
With these United States deposits
surplus reserve would be $895,550 on December 9 and $4 707 625
ite
Foreign Exchange.
banks appear on the preceding
— The
Q —Feb 103
q —Fob •ion
»108
»ioa
103
*io:i
104
•104
•132
>
lv
•
— Feb 132
(,i
Keli
-
Sales
for
STOCKS
Week Ending Dee 15
•
132
•
1
4
•lll'i'l
•1(13
»ioa
»ioa
103
•1H3
»ioa
•108
101
•10-1
•181
"131
•131
103
•13
•131
•
:cj
•
lc_",
•103' 4 •103 ««
toa
•
•102»«
•1023,
•102 '4
*102-<i
•103',
1,
•13" (
1 30»4
:l
1
•j::i
-
lower.
is
Range sine Jan
Range for week
•
the
<•;.
To-
nominal rates
3)
wen
for
sterling exchange
87 for sight. Tofor sterling exchange were
s.l;)0;,/4 8595 for shorl
-day and 4 SG^fr-
day
-
i
;
t,
!.mg.
!
Commercial on banks 4 8230@
for
payment
815^(5
82%.
ents
-
.
I
ble-«?.
•!
Co;
!
Gotton
.'40
and grain
ptance
payment
for
4 82^(5
82%.
ra1 - for Paris bankers' francs
for long and 5 16%<5 5
:••
!i'
I
-
r
bankers'
long
i
1,10"
'
I
i
i
<
1
I
1
1
i
.
.
i
(i
1
'
i
to-day 25f.
1 1
:
/
ii
1
1
..
,
<'c
-I
'.
1
.
Securities Hi Cent']
' ek trust cei tiflcates
Rutland, prof
San Fran
St
E
i;i;
gui!
short.
.'ion
23H2Dccl3 2fi»aDeclfi 22 7e Dec| 34H/Mnr
S3HjDecll 87 Dec 15 77 Jan 87 Dec
A incr Malting Tr Co ctfs. 30" 5 Dec 14 5 Dec 14
5 Deo
5 l4 Nov
Pref Tr Co ctfs
250 25 Dec 9 25 Dec 12 25 Deo 26 Nov
Amer Tolearayh & Cable 201)1 90 Dec 9 90 DeolS 90 Dec iV.^^Jan
Asso Merchants. 1st pret 300 107 Decl2 107 Hi Dec 12 90 Jan !l 10'oOct
Des Moines & It Dodge. 600124 Dee 15 27'4 Dec 9 16 Nov! 2HHjMar
Diamond Match
831141 H2l)ec 9 142 34 Dec 13 138"aM:iT l40H?T)eo
5ti
Marl 7;'> Dec
General Chemical
100j 75 Dec 9 75 Dec 9
Preferred
50 107 Dec 12 107 Dee 12 101 Aiu:ll»7i4 Oct
OlgDiei
9:<4 Dec
!D H D (15
leneral Klec rights
93.iDeclfi
3,892
33 Nov 35*aNov
Greai Nor, pref, rights.. 22.4(17 33 Dec 9 33»4 Decl2
71 Jan 82 Deo
Homestiiko Mining
82 Dec 12 82 Dec 13
2(>0i
65 Feb L-95 Dec
Horn Silver Mining
95 Dec
100 1-95 Dec 14
Internal Steam Pump, pr
78HjMay ss" s Apr
5001 81"uDecl2 Sl''|Dee 12
run Silver Mining
100 5-OODec 14 5-OODoc 14
3-50Apr ">(ii)Dec
7
Dec 11 17 Decll
17HjAug
Keokuk <fc Des Moines.. 130
13H?Sep
Knick Ice (Ohic) pref
60
80 Dec
100 SH Dee 11 80 Decll
8 Dec 14 Feb
Manhattan Beach
L00 1 !-'iDii12 L134 Dcc
10.1NII
5 78 Dec
c
\ \ Central rights
B
6
Dec 15
4 D.'i- 15
31', Dec 14
2lH2>!m 34 84 l'< c
Dick
X V
1,800 29 Dec
7
Dec
Preferred
300 78 Dee 2 7.1 D
59 Jan
"' I3fi
N* Y Lack
Wesr ill...
DeclH 130 Dee 13 134Vne 136 Dec
SgDeo
Dee
Dee
X V X II & Hart rights. 31,524
4-\Dec 11
Ontario Silver Mining. .
I), c L2
1 Aug
6 Dec
i"'
3HjDcc14
2,3'
Preferred
II
9-16(5
lam
ii
L&
:
111
I'.e. low..
20
700
A
new stock trotfa....
Tc-'" eii
97"st>©c1
64 Decl3
'•
;
O^Dei
1.20
Outside Market.
—
13
27
vD.e
l
Jan
92
60
7."
76"al
800 3 50 Dec 1 3-8
DeolS
4floj i:
Dccl4 ltvixcii
11."
Decll
375 USHjDecll
Preferred
Far
Decll
59
15.000
Standard Mining
U 8 Leather
Western Maryland
1-75
1
1
\ug
72 Hi Jan
J'l.v
D. c
'.,
7
Sep
3
Apr
'
-:.
V
Not
16
I
Oct
19
Xov
26 W Dec
I
n
.
week,
in
ing
di
[n-
and
95 %<1
!
Hleh.
saction
hod. of
I
40 3-1CI
3
v/as attributed to
Co
1
tayb
at 212,
-
i
.
On
I
.
i
d
224,
>
i
'
:
'
I
.000
1
.
Bonds.
'
i
advance
Tic
d Coppi
:
!
i
'•
in
ha beei
the latter
no
2
Unite
1
Week
Amer Beet Sugar
pasre.
market was active and strong
until V
sday.when Then' was a partial decline, due to
the
ction of the demand for immediate remittance,
but there was a good inquiry for next week's ma.il; (he tone
s
Q—Jan
Q— Jun
•10:;
:'
«
'
on Dec
I
*io:i
•102
'.
l
;
sits
eline:
Q—Teu
I(i2
*103
»108
•103
•ion
103
have occurred in
industrial stocks. United States Steel issues have been active
and the preferred sold at the highest price in its history.
Anaconda Mining, when at its highest, showed an advance of
25 points, Smelting & Refining 11 points, Consolidated Gas
10 points, Tennessee Coal & Iron nearly S points, Colorado
Fuel <fc Iron 7 points and National Lead 8 points.
Amalgamated Copper has been active but covered a relatively narrow range. Sloss-Sheffield Steel & Iron and the Pressed
Steel Car issues have declined.
For daily volume of business see page 1715.
The following sales have occurred this week of shares no
represented in our detailed list on the pages which follow:
Dil/cr, in ts
previous iceck.
li '_•.',
11
& Hud.
NEW YORK
1905.
Dec. 9.
'
Dm
Pec
lost a part of its recent advance and Del.
The most erratic movements of the week
150,000 franc- in silver.
CITY CLEARING-HOUSE BANES.
oJ
Q — Jan 103^
y —Jan 103'«
Pre
13
—
The Bank of England weekly statement on Thursday
showed
decrease in bullion of £9(50.278 and the percentage
of reserve to liabilities was 40.10 against 40.86 last week.
The disci unt rate remains unchanged at 4%. The Bank
of/Fran, e shows a decrease of 3,825,000 francs in gold and an
increase
Per
12
11
Tlila la the price bid at the morning board no tale was made.
Railroad and Miscellaneous Stocks.
The general characteristics of the stock market have remained practically unchanged throughout the week. The market has been unusually active, the aggregate transactions exceeding the preThis is due, however, to
vious high record of the season.
exceptionally large dealings in a few issues rather than to S
general interest in the market as a whole.
Union Pacific lias been the conspicuous feature.
During
the two days when most active, about 700,000 shares writHaded in and within the week it has covered a range of over
This movement was accompanied by unusual ac9 points.
tivity in other issues, several of which fluctuated widely and
a few advanced to new high-record prices. Great Northern
lias been one of the strong features, especially to-day, and
The list of railway
closes with a net gain of 1% points.
shares that advanced about 4 points includes Southern PaHock Island, on the
cific, St. Paul and New York Central.
other hand, has declined over 2 points, "Nickel Plate" has
market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
rang
To-day's rates on call were (i@ll%.
3 to 15*
via! paper quoted at /i 1 ^ (»(»<',' for endorsePrime
ments,
for best single names.
,
y
•
io excess.
;
coupon
1028
Is.
I
P
higher
32 |"
oth
to
—
A conportion of the business transacted at the stock
this week lias been of a more or less sensational
A- noted in our review of the Stock market
transactions in several issues have been on an
scale am! the advance in some of them quite
No doubt the excellent annual report recently
the Union Pacific Railroad Company has stimumfidence in the value of its securities, and perhaps
count for an advance in its shares to a
to
- :,:>o\ e their previous high record in recent years.
also the
advance in copper metal warrants
quotations for copper stocks; hut the advance of
in one important issue and of S to 11 points in
jests a speculative movement which seems likely
Pec
P, c
Period*
15 L905.
The Money Market and Financial Situation.
Exchs
Oharac
below,
enorm<
TOT
1
1
States 3onds.
-
-
1715
New York
Exchange— Stock
Stock
AND LOWtSl HALK PBJCBb
UTOChH—HJdJikN'l
Monday
t/atnraap
Dec 9
{ICO
Dec
Hoc 11
S6<4 87 4
101 'i 106
87''-
KM4
lOva,
111 U
101
1IBV
11S%1]3%
98
07 4
•84
1
56*,
.
'225
%
.">
:;'
*7o
230
•so
113
07
K4% 85%
54 4 80%
*84
88
17:;
174
•70
7J
225
07-
mi 4
55=
31'
»a
8S
174
"2641 "sf""
>,
71k
1
fi
1
87 %
si
171
7
"a
1
so'..
•70
77
34 v 34%
177 1784
77
33
77
35 ^
ISO'..
::
3.7
'ISO'...
100
218 4
240
219
iy.-)
185
IS.',
190
g
18.7
195
6
*U
1
"•87
40
11%
•37
i
11%
47
41
47%
414
47% 48
80% hO%
41
473|
*4<Vv
227
450
38 4
90
94
20 4
31
754 754
21% 21*8
•85
87
77
35
180
100
3 4*8
178 34
187
210
19i»
'e
2-22
10
240
195
188%
17'.
•15
17 4
40
•37
40
74
*8n
268 209% 209
90
DO
20 38 20 4
37
37
37
78
78
784
•100 114
•100
-93 Si 94 4
93»4
•175 177
177
28 4 28
28 34
59
594 584
55
554 55
85
854
85
42
904
1,8
330
*68
73
1504 152 14
•101 4 103
73 u
117» 8 116*8
234, 24 4
•110 150
81
81*8
80
95
270 4
114
117%
23 ',
140 34
*80
101
137
105
37 4
1014 1014
13 7
166% 100%
11-4
205,
40*8
104 100 4
117 12 L
28 4 27
08
08 4
47-^
40
223 4 220
445 475
37%
94 4
904
94%
*74
*85
49
41
41^4
20% 20 4
484 48%
80
95
270 3
270
.
•74
80
95
*S5
209*8 270
78
37
78 78
36
78
170
177 V
177
284
59%
55*8
42
90 4
S345
72
102
73 V
118=6
24 4
149%
814
101
58
•54
*84 34
34
05
41
*95
329
*08
152
102
73 '4
117 4
23 4
*140
81 <4
100
Z 8*,
177^
284 29
58%
58 4 59 \
"S4% "84%
34%
06
42 3
4
72
154 '4
104
74"s
119*6
24
148
814
101
137-\
167
34%
33 4
00
42
08 34
44%
98
340
73
330
•63
1524154
103 104
73 4 77
110*8.122%
23% 24 4
140 150
81
81
100 103
137 41374
100 4 100 4
37-1 38 '4
384 37->4 3s3g 37% 38%
OS
084
OS
09
08
07 34 08
08
101% lU2% 101 >« 102% 102 4 103 4 102 4103 4
1474 147 V, 149 149 *149 150 4 148 150
374 40 4
21
151
09
*118
92
39
21
39 7e
39
39 4
21-% *18 4 214
1524 1524 154% 153% 154 4
71
70
09 4 72 4
72 4
21
120
92
120
118
92
91
1954 195% HUG 200 *190
52'! 53
53 4
52 4 5d 34
84 '4
83% 844 84 4 81
*92
94
93 4 *92 4
93 4
194 4 195% 195 195
105 4
100 4 100 '4 102 104% 101
98 103 98 103 '98
"103 108
*103 107 *104
130 140
139*8 I1IJ4 140
47
47
-41
*45
47
v
K:im
share*
102 4164 4
118 41144
«>7 4 97 H
1
1
:
-074
lor J^reoiout
V>'ll;
liaitye
Yeai
•
H ItjIltHi
Lowest
/.'.,/
Iltuhest
•-.>:
i>:kU.
8i; 7„ S8-\ \Wh. Topelta&Santa F<
104% 1044,
Do piel
4 1
4 Atlantic Coast Mne BR..
112% 113 4 Kaltimorf-A Ohio
10.,',
Jtaw/e lor i ear IVU5
mtiasis 01 lnti-Hitai
Wee I:
EXCHANGE
2.7
n
77% May22 93% Mar
2.2 IG
120
LOO
04
Jan 2. l05%S«p
Jan 25 170 Apr 24
99
(1.1170
.
1
4
J a 11
..
17
I0U
1
A ML'
,04
7 2 7 >,
i
I
4
Feb 89 4 Nov
Jan lnl ' Nov
Fell
'
Mm
5
4 Nov
I054 Dec
Oct
Do pref
2fl'l
Angli
80
4 Brooklyn Kabul Transit.. 126,561 .V; 7 h
V.,v
.,Feb ; j Nov
**3
87
•.
Buffalo & Basque, pref...
81
Dec).
,l„yl3
1 00
N01 SH Aug
S3
173% 1754 173 4174% / tanailian Pacific
77,401 130% Jan 28 177% Sip
I004 Mai 135 Oct
-70
7
^ anarta Southern
714 • 70
20o 07 Novl.'
\ ug
Nov
04 A pi
225 227 4 2(22 22 7 Central of Xe» Jersey...
400 190 Mav2: 235 Oct 2i
74 4 Feb l'U% Nov
54% 554 Chesapeake & Ohio
05
564
28,250 45 4 Muy2'- 60 4. 3. 11 2
28 4 Ma- 51 Nov
•30
33 Chicago & Alton
•:u
100 31 May 2
44% Maris 33 Jan 47 4 -Nov
70
70
Do pref
200 75 Oct 25 -3% Apr 7 75 .la
Jan
"21"" 74 4
21% 21*,
21% Chicago <4reat Western
63/><>
174 Mi>>22 25 4 Marl' 12%.; n 20 4 N'iv
•85 4 so 4 *85 4 80%
83% May.'. "
Do 4 p. c. debenture."
20
SKI
Nov
80 4J'lj
•70
•70
77
77
Do 5 p. c. pref. "A"..
301 00 .Ine « 784 Sep 21 47 4J'nc- 74% Nov
35
35%
May 2. 37 4 Apr
354 35 7,
Do 4 j). c. pref. "B"..
4^800 29
20 J'ih 394 Nov
K0 4 Chicago Mllir. & St. Panl 145.435 108 4 Mav 4 187 4 April! 137 4 Keb 177% Dec
170 4 1814 179
-187
isj
10O
187
190
Do pref
Jan I!
vprl
-.7% Oct
i73 Mai
9',72.' al90J^.i'no 9 249
2184^-1 •217 220 Chicago & North Western
Jan 31 61 4 Mai .'114 D'C
Do pret
200 234 Jan 13
Feu J 20? ]-.!, 237 Nov
'187
190 Chic. St. P. Minn. & On>.
188 189
Jan
225 Jan-'l 135 Mai L60 .Nov
2,200 150
'187
'187
195
195 Jan 17 230 Jan 31 ; 163 Apr 192 Dec
195
Do pref
-15
174 •15
17 4 Chicago Terni'l Transfer.
Jan 6 20 J'ne2
7%
'4 Nov
"ioo
5 4 Au:r
*37
•37
40
40
17 4 Jan 4 42 4J'ly 5
Do pref
27% Nov
1 1 4 A
114 124 Chicago Union Traction.
J "ne 2
13 •„ l-cii 2
5 'i .N iiv
114 11%
6
7,400
4 J'ly
iO
4
40
41
Do pref
1,«00 30% J'ly22 6
Feb 3 20 Ma\ 48 4 Nov
105 4107
111
100 lo7
Cleve. Cin. Chic. Ji St L. 11,900 90 Jan
.\Ul2
08 -2 N la» 03 v d?o
119 121
117 121
115 4 J'ly20 121% Marl! ioo Feb '.15 Nov
Do pref
--'s>,
28 4
284 28 4 Colorado & Southern
30 4 A pi 2
134-1'n- 21% Nov
8,900 22 4 Jan 2.
0.s% 08%
o7 34 68
Do 1st preferred
2.134 52 May J., 09i, Dec 8 4s J'ne 03
Dec
40% -10
404 47
Do 2d preferred
324 May.'. 47% D'c
17,000
17% >'l:. 37 4 Nov
223 ^24
221% 223 nelawarecfc Hudson
2,700 1784 May2- 2 io% Oct 2< 149 Mai 1904 Dec
'450 475
445 475
elaw. Lack. & West'n.
400 335 Jan J 19-j 4 del
J5U4 (Ten i">o 34 Deo
37
37 4
30% 37 4 Denver & Kio Grande
18 Mill 35% Nov
10,900 27 4 May 23 3o% Dec
*90
00
90%
90
91
Do pref
4,"00 834 May
Mail
Dec
04 4 Feb 89
i>5
05
94% a4% Detroit United..
2,200 76 4 Jan 2. 95% Aug24 004 J 'n<- 79% Dec
20 4 20 4 •19 4 20 Duluth So. Shore & Atl..
2,850 ll%May2." 22% Nov b
54 I'm 14% Nov
41
41 34
41
41
Do pref
1,700 21 Mav. 2 4 0% Nov
94 Aug 28 4 Nov
49 4
47% 48 4 I^ rie
37 4 May 2
48
Aug.'125,100
52-'i
214 »l«' 41% Nov
80 4 80 4
80 4 80 4 CjDo 1st pref
5.220 74%.May22 854 Aug
Dec
.75% May 77
73 4 74
73
73 4
Do 2d pref
33 Ma) 084 Dec
5,300 55 4 Jan 3 7.-<3fe Aug2 4
•74
•74
80
80 Evansv. & Terre Haute.
03 J My
75 Aug.l
54 J'ly 07 Dec
•85
35
95
90 Ailgl'- 72 Feb 83 Nov
Do pref
""is 85 Nov2
272 275 4 Great Northern, pret
270 272
242 4 Dec
9,200 236 Jan 4 35 Apr 1
170 M
83 Feb 16 90 Jan 1« 70 Aug 80 4 Nov
Green Bay&W.,deb. ctf.A
J
204 20 4
17 May22 244.Tnel
20 4 20%
Do
deh. ctf. h
20% Xov
13
11 J'u
•33
30
33% 33% Havana Electric.
1,300 15 Apr 24 38 4 Dec
82
82
Do pref
1,600 50 J'nel5 82 Lecl
105 114
1054114
86% Jan lb 119 4 Nov ,5 60 M«'. 94 Dec
Hocking Valley ...
•93 34 944
94
90o 90 Jan 18 97 '4 .Nov, 5 77 Mai 05 Dee
94
Do pref.
177 1783.1 175 4 170 4 Illinois Central.
6,340 152 34 Jan 25 183 sep 2b 125% Feb 159 Dec
29
28 4 29
29
Lowa Central.
Feb 3 14 J 'lie 33 Nov
6,165 24 May2n 32
584 58%
01 Dec b 3,2 Feo .70 Nov
58% 59%
Do pref.
2,550 50 Mayli
•54
•54
5s
58
29 4 May 2
58% Dec
850
22 4 May 38 Dec
{7 an aw ha & At ichigan
85 4 35 4 a; S3 4 844 »VC.Ft.S.<fcM.,ti'. cts. pli
04 's J'ne S3 4 Nov
700 81%J'ne:9 87 (Jet 2,
34
33 4 304
35% Kansas City Southern
115.700 22 4May22 30 4 Dec
10 in Feb 31% Nov
0->%
00 4 08 4
60
58,000 52 Jan 3 70 Feb 14
Do pief
31
Feb 50% Nov
42
42
4^%
42
1,580 284.1'nelo 47 4 Dec
20 Mai 43 4 Dec
Iake Erie & Western..
-95
•95
98
98
100 91 j'nei. 100 Mai 13 80 J'ni ,0o Oct
Do pref
L. Shore & Mich. Sonth'n
830 2290 Jan2> i350 Marl 3 .24.7 Nov 53oO Dec
•08
08
70 Long Island
68
100 50 4May22 73% Nov.
2 4 Nov
46 Mh>
152 153 4 Louisville & Nashville..
152 4154
60,100 rl34 4 Jan 26 157%Sep-^., 401
Feb r4s 34 Dec
103 164 4 163 163
May 1 175 Feo 9 139% Mai 09 4 Nov
1,100 161
V'l anhattan Elevated...
744 76 i'l etrop. Secur., sub. roc. 32,250 08%Nov21 91 Marl, 72% Mai 90 4 Aug
74 4 70%
11 9% 122 4 118% 1-J13 9 Metropolitan Street
89,310 114 May 11 133 Aug s i0434 Mai 130% Oct
24
24% 24
24% Mexican Central
27,300 184 ilay- 26 MailJ
Apr 23% Not
5
140 150 *14o 150 Michigan Central
175 «130 J'nel4 155 Aug 2. /119 4 Feb 50 Nov
80
79 4 79% Minneapolis <fe St. Louis
78
1,700 50 4 Jan 12 84% Oct 1
40 .111. 67% Jan
100 100
600 86 Jan 19 100 Oct
Do pref
80 J'ly 90 4 Sep
137 139 4 139 4 139 4 Minn. S. P. & S. S. Mane.
let
3.05U 89 4 Jan li 144 Sep 2
55 Jan 95
160 4107 s 100 J4 107 4
1,034 148 Jan 13 170 Sep u 110 Ma> 50 Oct
Do pref
37
37 4 38 4
37% Mo. Kansas <fc Texas
62,200 24 Miy22 39 4 Nov 6 14% Ieb 304 Nov
•06 4 0«4 •00 4 08 4
73 Aug J.
Do pref
3.300 504 May 2
32 4 J'ne 65 4 Dec
102 103 4 IU241034 Missouri Pacific
85,910 94 4May2. Uo% Maris 87 Feb 111 4 Dec
150 152 41474 1474 Nash. Chatt. & St. Loui*
794 137 Jan 12 158 Apr-u .014 Feb 14/% Dec
40
39
39
May » 45 Jan iU 34% Feb 4 5 4 Nov
39 4
at.of Mex, non.cum.pl 17,720 33 4.
21
21
204 21%
2,500 17% J'ueJO 24 4 Jan li
Do 2d pref.
15% Feb 2 j 4 Nov
154-*, 157
l4b%147% N. Y. Central & Hudson. 125,004 I3*yji May^a 107 34 Mai 14 12% .>lai 145 4 Dec
a
09
08 4 09%
09 4 N. Y. Chic. & St. Louis... 10,100 42 Jau.O 70-4 Dec
25 Maj 47 Dec
*118 120
114 J'lj-2, 122 4 Jan 30 1014 Mav 115 Nov
118 1*1
Do lstpref
•90
'90
9^
92
1,500 74 May 4 95 Dec
8 Dee
Do 2d pref
00 J'ut
190 4§197 4 £194% 1954 N. Y. N. Haven & Hartf
2,500 il 94 May22 2210 Sep .1 2IS54 Ma> 199 Oct
52 4 52% N. Y. Ontario & Western. 22,900 40 38 Jau 5 04 Mar3,
52 4 53%
49% Mai 47% Oct
84% 85 V 84 4 85 Norfolk c& Western
19,450 70 Maylo 80 4 Marl 1 53 4 Mai 80 4 Dec
*92 4 93% •924 934
100 91 4 Feb 2 4 ao AugU 88 Ma? 95 Dec
Do adjustment pref.
195 4197% Northern Pacific
195 4 100
11,300 105 Apr 24 210 4 Ang2l
105 105 % 103 104
IOO 78 4 Jan 15 .004 Oct lti
Feu 82 4 Deo
51
Pacific Coast Co.
*yj»
•99 103
1,100
Jan 3 108 i'eu
105
Do 1st pref.
05 J'ly 101 Sep
107 4108
lu4 108
85 Jan 12 109 Oct 9 01 '4 Jao b04Dec
250
Do 2d pref
K14142 4 Pennsylvania
1414143
310,740 1314May.. 48 Aug. 4
114 Mai 140 Dee
"44
•43
40
4'j
100 27 Jan 25 48% Apt o 17 Ma
32 4 l>ec
Peoria & Eastern
77 Jan
100 Feb 14
Pore Marquette
74 4 J'ne 81 -4 Jan
78 4 J 'iy 12 87 4 Feb
7
Do pret
08 M:>\ 79 4 Nov
•80
82
82
82 Pittsb. Cin. Chic. & St. L.
200 70 May 3 87% Marl
55 A pi SO Dec
1O0 109
105 Feb 17 112 Mar 13 90 Apr 107 Dec
100 110
Da pref
138 4140% 137% 139% Reading
159,080 #79 Jan 13 43% Nov 8 38% Mai 82% Dec
92 V *9i
92
93
400 90 May2. 97 b>ep 30 70 Mai 92 Dec
1st pref
•90
97% *95
700 84 Jan 5 101 Nov 2 55 4 Feb 85 Deo
97 4
2d pref
234 24%
179,0.-0 22% wee 15 37 % JHD 8
22% 23% Rock Island Company
10 4 Mai 37% Nov
3
02 4 1,4
01% 03%
47,320 00 4Nov27 85 .lau 4 5 7 34 Jan 80% -Nov
Do pref
12 jue 2 25
Dec
9
.Mai
18 Nov
JL Josepli&Gr'd Island. 2,400
4 % Dec
1,735 40 4 .Uav21
03 4 03 4 £j Do lstpref
35 Ma> 60 Not
2,112 20 .T'ne s 35 Dec 11
Do 2d pref
10 Jan 30 Nov
"72"*
72 4 73 s i?ji\
900 70 Nov 23 Si 4 Mar 6 01 Mai 79 34 Dec
St. L. &S. Fr., 1st pref
55
56% 53
8,00u 53 Dec 10 73 '2 Mar
55
Do 2d pref
394 Jan 72 4 Dec
190
175 Jan 3u 194 4 i'uel2| 150 Jan 185 Dec
190
O.& E. I. com stock tr ctf s
23 4
23
20 M»>'22 27 4 Jan 201
4',ib'(j
22
22 4 St. Louis Southwestern.
94 I'm 29 Dec
•57 4 59
*57
020 55 Novll 00% Apr J 8. 25%J'ne 00 34 Dec
59
Do pref
09% 71% 68^4 09% Southern Pacific Co
381,220 57 34 May 4 72% Kel>27 41 4 Mai 0b% Nov
120 4121
840 115% Jan 5 22 Dec 15 113 Sep 119 4 Dec
Do pref
1214122
35% 30% 35 4 35% Southern v.tr. cfs. stmpeo 81,803 28 May 19 38 Sep 22 184 Feb 37 4 Dec
•90% 100
800 95 Apr2- 102 -j Sep .1 774Jau 97 -a Dec
•99% 100
do
Do pref.
•98 100
•98 100
97 Apr lb 1004Augl4| 90 Feb 98 Dec
M. & O. stock tr. ctfs
32,306 29% Apr2H 41 Marl 3 20 4 I'ue 38 4 Nov
345H 36%
34 4 Texas & Pacific.
so-'a
•s.;
89'i
.Mar
.Mny2
91
0fl
1
I
87
1
'j
1
I
I
1
1
-
I
1
1
.
i-
.
:'
,.
.
1
li
1
11
L'
J
118
91
,
-'b
121
01
198
64 4
85 4
93 l4
190
104 4
101
107 4
141 38
47
1
.
-
I
1
1
1
;)
'4
1
•95
98
335
100
105
35
78
50
85 4
1374 1374
'4
37'.
90
4
80% 814 *814 814
73
73
73% 74
>35
37
79
114
94
177
29
•08
1521s I53I4
102
73
*0%
40i4
4 8 3s
054 074
431.,
11 34
03 4 105
117 121
28% 29 8
OS
08
40
47 4
225 225
445 445
37 '4 38
90"-.
89
94 8 95
4
41
85
33*2 35
32% 33"-.
054 05%
114
Sa l*s
STOCK
'
195
49 4
8Q% sa%
72% 74%
72 4 72K
*74
SO
*80
95
137
174
711 71
225 230
55 4 56 4
173
Dec
874 884
10.7
STOCKS
NEW YOKK
J-riday
Weekly and Yearly
im<:k«
1
404 47^
224 224
224
450 4.10 '440
37 4 37%
37%
.SO
SO 4
90
04
04 «a
94
20% 20%
20
•95
85
180
1S5
•15
1
*117 121
2V% 29 4 29%
U.tH.
08^ 03 4
43 4
90%
185
185
219
',
41
120
'4
4
85 »b
•80
•J
124
10'.,
40
08
'37
is
40
12
103% 1037s 1U3%103
•117
29
60
'
77
\
1804 190
8218
*240
1
IBs
112% 1134
97
77
3514
105 4
31
178% 180 J
245
•_'•_'
4
:
21% 22
'854 Si"',
-70
894
87--<
105
62
'7.74
80
1
'„
:,<-\
*31
*854 87
221
•286
*1B3
•185
4
;;
230
4
20% 22
1784
173
"70
225
Dec 11
1
4
55%
H
88-\
I'M
1
I
230
7
Dec 13
1(53
81%
Thursday
j
1
874
88
104% 105
L0II
-;»7
Wednesday
'Inesuay
Record, Daily,
two
o<:<iufyin<;
39*8
39
21
21%
1504
153'4
09
118
91
71
120
92
190% 190%
52 34 53%
84% 85%
"92
93 4
195 4190 4
104 105
•98 103
102 10
140 4 141°6
•44
40
«
1
•»
I
1
1
<
1
1
1
1
1
1
1
*80
82
'100 110
135% 137 4
82 93
97
97
24, 78
2i>4
4
06 4
05
74
59
'180
*57
07%.
74
01
100
23
5s
OS',
120»til2i
34% 35%
90% 09->4
•98 100
33 % 34%
«4s
48
'SO
85
100 110
137 4 Mo 4
"92
93
97 4 97 4
2d
204
05
00%
21
2a
03
01 v
32 4 35
•73
75
59
594
180 190
22
23
58 '4 58 4
68 4 70-.
121 121
354 35 34
90%
98
34
l'Jo
100
34=8
100
85
110
139-14
1414
*8l
-92
93
97
97
25 4 20
054 00
82 4
106
139 4
92 4
97 4
824
110
141
92 4
97 4
24% 25%
04
05%
-J
i
1
03 4
33 4
•73
58
ISO
234
584
08*8 704
1204 12o%
•73
74
58
57
180 190
22 4 22 4
58 4 59
08% 70%
00% 304
120 4 12 L
35% 3i5^
100 100
*98 100
34 4 35 %
99 4 99%
•98 100
35
35%
,
i
034
33 4
75
59
190
23 \
59
1
.
BAiNKS AJND TRU&T COMPANIES— BROKERS' QUOTATIONS
Bid Ask
Bid Ask
Bid Ask
BmiKs
Jinnlis
Banks
Bid Ask
435 495
Park
Metropoli'n'ii 175
185
Interboroll.. tl50
340
290
People's!,
Citizens' Ctrl 144
Mt Morris'.. 2
228 234
Irving
770
148
132
188
200
City
Mutual!;
Aetna
195
300
... Phenix
279 281
Jerterson'i... 181
14tliStreei1J. 200
570
Pia/.a'
»>
•>35
Coal & Iron. 245 255
500 520
200 Mo
Ainericali ... 625
Nassau*i|
Liberty
220 225
Fourth
(Colonial
Amer Kxcli.. t'274
1650
New Amster 490 500 Prod Exchl; 170 180
... 000
Lincoln
375
Gallatin
280
32.
Ellverside,*i .. 250
Columbia' .. 400
New YorkC'i 1300
Astor
760 825
Manhattan!). 310
Garfield
500
La: try Pari;
152 4 Commerce... t200 12.11 German Ami 100
Market ct Ful JOS 272 4 N Y Nat Ex. 202 4 2074 Seaboard 6 .. i)300
170
325"'
700
...<
Second
115
Consolidated 107
York... 305
liovveryl
275 290
New
172 4 German Ex" 4 00
mm Mechanics'
Shoe* Leth. 155 105
Kxchge' 370
Dutch's <fc Dl 170
i'so"
<80
Mech & Tra' 175 185 19th WardV 350
Germanial .. 450
State'
1500
Discount',! ... 150
J07
North Amer. 230 240
175
100
Mercantile ..
Century 1
Greenwich
255
14th Street.. i95
ICast River.. 150
Chase
700
160
Northern
135
Hamilton^] .. 220
Merch Exch- 168 175
.....
12th Wan'.', 22 a
Oriental',:
265
Chatham
315 32(i" Fidelity*
200
Hanover
Merchants'.. 170
170
510 515
2.7 5
23d Ward
150
400
1
ISO
Kitth Ave' .. 3500 3750
Paciric"'
Chelsea K\e
mo & Trad: 590
Metropolis*
* Hid and asked prices; no sales were made on tins day.
a Ex-dividend and rights. b New stock.
4 Less than 100 shares,
t Ex-rights. \ state banks,
s Trust Co. certificates.
a Sold at private sale at this price
t sale at Stock Exchange or at auction this week,
h Assessment paid,
llillllio
NKW
VOliK
Bid
Ask
Banks
Chemical
*
Hid
4350
Banks
Ask
Fifth
Kirst
1
.
I
I
1
Cm
-.
.
",,
1
.
1
I
.'
.
.
4
4
4
1
-
.
DEC.
s
J
4
1
Hi 11105
8
8
1
Monday
ursday
/
Sm
1224 122
•38% 33^
121 413'J
•3 2 4
37
59
•1154 IHiS
120
37
37
58 4
115
115S
3
Dm
123
is
•31%
32' 9
S
7
125
82% 32 7
•35 4 87
83
2.7
1
tYiday
124
126
115
Mi
•86
37
1
1
4
B
UA
st.
i.,i.
I'w
|W
91
91
I'-',
"jo 4'
•17%
19
•40
•S3
l.i
42
26
20
(
m.,
P
84
84 S
20 4
235
19
17
4
\
!
•
u
4S
27
26
26
35
31
04
30 4
03
30%
62 4
so 4
00 \,
02
260
•
4 2
'.
014
140
234
Its *0%
08
P7
250
65
.
0%
!l
36% 3S\
34
21 "a 21%
44V «4W
.0%
117
117 4
l'.!'
•
%
:
5s
Do
-.
130
4
12
4<;
230
H
V
i
147
14'.'
170
174
ISO
214
u
21
100
164% 181
129% 133 >
4 35
214 21%
2.0
Ho
13
133
•108
14-
134
1'
250 250
108 4 112
112
14
48
4!t,
1404 1134
134
134
140
139
'133
108
101 4 105 Si
182% 193
175 180
2J
204
53
20%
•68
44 4
13'i
108^
43% 44 4
105 4 105 4
43% 44 4
190
4190
175
185
204 204
2
53
•52
53
44%
444
44
44 4
44%
%
104%105 Z103 4103 4 103 •* 103 '4
'104 4105
47->4
47
47
52 4
53
54%
47 4 47 %
-89 4 96
•894 97
94 4 95
»S9 4 y
1H4
19
184 19
ig'«
184 18 4
lav
177 4179^ 178 l»04 179 4186%
177 177
15 4 154
15
15 '4
154 15%
15 4 lg%
bKi
•54
55 4 6*5 Si •53
56 4
57
50
50
49
48% 49% 49 4 51 34
49 4 W?
83
83
•78
50
814
8c
•78
83
44
t>
135 130
100%108.-.
184 S, 184%
23%
'24-.
80".
•67 4 68
54 %
53
59%
59
IO4
ItiS
100
10>5
10'i
107%
300
100
•''«
50>4
50
104%luO'-(.
14 4 14 >
*56
57
58%
100%loO%
•242
J50
6J
'>3
02 %
14 -j
82
-'J
'.
••
86
30
56% 58%
100
250
133
64
•134
14-.
604 614
103 4 103
33 4 34,
107 4 108
•38
39 4
104 107
90
91
110 U5
45
04 4
115
144
ll^B
814 82
444 4.".%
46 4
944
1
4 144 4
65% 66
142
644
14',
71
104
484
113%
113 4
94
4118% 114
120
114
--
524
314
31% 32%
71
'4
72
72
55 4 67
112 112
11
.",'.',
.
'
10j4 105
43
:,
4
44 v
1134 114 4
I
'j
50-4
.'><>
v
240
.-'7
2441
•17-'
174
1.4
1
HI
•l'.MI
l»84
170
190
227 24
93 4 934
173 173
i»S4
IHU
1934
2*7
24 o
93
-
S.
BaAKjs
Blu
11:uik«
Union
Excli c
United
85
vclm'e'
n'liiv
West
ftlUe'
..
Vork\
U5
ASK
Hid
1I.1I1U-.
Home
150
Bank',
M.clianics'
575
490
u
310
.
310
.
-
Bill
53,900
100
1
400
pref
American Steel Foundr's.
]
5,500
14,800 35 4 J'nel4
Do pref
American Sugar Kenning 219.310 130 May22
300 133 MaylO
Do pref
131 Dec 4
Amer. Teleph. & Teleg...
Deo
14
U4
Deo
48% DCO
20% Nov
12 . Nov
36% -N(iv
105 Nov
D&c
Dec
9
29
82 4 Dec
115 Uct
170 Nov
1
99% Nov
Due
Dec
15 4
57 4
149% Mar
1224 Mai 153
141 Augl) 123 Jan 141
148 4 Jan 6 121
Feb 149 4
07 4 Apr 4
26
.I'ly
Nov
Nov
Nov
'J
yrel.
85% Nov
1
96 Dec
Jan 25 Nov
Jan 94% Dec
Feb 120% Nov
Mai 229 4 Oct
10
09
61
185
12% Dec
62% Dec
J'ly
5
47' Feb
25 4 Mai 58% Nov
63 Apr 95 Deo
8 J'ne 19 4 Dec
185 Feb 220 Oct
9% Ma> 26 4 Nov
05 Mai 82 4 Nov
19 4 J'ne 40 4 Dec
82 Nov *3% Nov
43 4 Nov 68 Dec
71 Nov 90 Nov
C151
J 'lie 194 4 Nov
10 4 May 25% Dec
64 4 Feb 79% Dec
26 Mai 72 4 Dec
8 Sep 12 4 Oct
36 Jan 59 4 Nov
1004 Jan
1
1 7
14 Sep 23 4
75 J'ly ?87
14 4 Feb 26 4
80 4 Jan 984
120 Feb 104
80 Mai 107
24 Feb 55
Nov
Nov
Dec
Oct
Dec
Nov
Nov
Nov
92% Mai
U24Dcc
24 4 Ma)
44 4 uct
Ma)
71% Mai
% Mai
31%.Ma>
25 Ma)
3% Aug
45
Feb
6
4 Ma)
40
100
43
Mai
Feb
29
4 Dec
Dec
J'ly
Nov
4 Nov
4 Nov
134 Nov
75 4 Nov
204 Dec
sl% Dec
}128 Nov
84 4 Nov
5
77
39
40 4 Dec
34 4 Dec
104 Feb
Dec
Jan 100
41
1
»%Mu) 334 Deo
'4
Ma*
95%
22%
.I'm
4 4
51
97%Api
200
85
153
ISO
ig
II
J'lif
9
1
•_•
Ma) 1-.
Allf
ICC
•
ibu
Ma]
J
\"v
Nov
lie
18 4--. -I'
J
;
I
\..g
160
Deo
\.,v
•
CO.UfA-NlES— BttOrCtiKS' (^UOlAilON-S
Bid
01.
Aik
500
1
Bowl'iUrooii
590
223
107
I..I.V
'•I
IOO
Equitable
'J
..,<t
T
I
.t
1
1
,\.
1
ASK
Hid
aim Co'k
Llfe&Tr 1075
\v York Tr 7.0
Heal
1
i.it Tr'i
Mil loo
aiiliallaii
UlUlO ..
Metropolitan
Morton I'ruM 8 o
M ui. Albania j 00
-bin.
Ii
.
1
-.'1
1
1
I
I
120
I'nii Stat,
1.1.1
Van N'denl
no
1
,
•
B
in..
Ex
"
.i,
Hut
u
rankJln
—
312
I
272 4
1
mo
Ask
120
1
lal lni^ll
.
.
200
Ion....
dome
.1
l-o
.nkiim
l-'i
500
t
Washington
WimlHor
.
.
t-
1
mini Trn-i
00 1440
5 1.1
U S M K ,v
500
950
ill.
1
i-
12'l
I
4
raiM Co'«
HHooki.YN
Brooklyn Ci
i
lOO
.
StandardTrM
il lei
n A: Tr
Tr Co or Am.
J
1
I
\
NY
1
Lincoln Tr... (MJO
2210
95
AMK
Bid
1'rum Co'x
::-y0
Fifth Avo Tr
i.uar.inty M'r 625
835
Ouardian Tr 225
Knick'rb'k'i I1111O
CITY
Bankers'
Nov
Nuv
i>S
36 4 Non-
.
t
Dec
18 4
73 4
31 4Jaij
66% Nov
77 Jan lo5 Deo
',
nil
94
Ma\
14% Api
74% Jan
'
1
Dec
Nov
Nov
35
May
6
37
:
I
May 92
Mai !44
67
i09
16
O
7tn Ward'..
al a
354 ICO
94% Deo
37% Dec
97
Nov
J 19
Nov
17 23
7
J'ne
Deo
Jan 19 48 4 Apr 17 22 4J'ui<
33 Jan 25 78 4 Nov 2
16 4 Jan
103% Jan 6 122% Apr 15 75 4 Jan
4 Sep 2
8% Jan 14
2 4 J'ne
20 J'ne 9 28 4.Mar 7 16 J'ne
97 4 Sep 6 I02 N,,vl7
79% Jan 9 165 DecU 40 Feb
1114 Jan 13 1 37 Dec
88% Jan
103 May31 250 Nov20 110 Jan
99 Jan 7 110 Dec 8 85 Jan
6%JMy27 18%.Mar20
34 J'm
"Too
Deo
87
154 Jan
1,200
Uelln'g. 203,600
Amer. Tobac. (new),
Xov
71
83% Deo
24% Deo
36
1
Oct.
1
Bmpi
totk Kxcluuige or
.N'nv
49% NOV
M nr 21% Nov
6
1
140
IbO
aim
J5
in
220 Feb J50
J
(1
,
Commonw'U
200
7
t
140
iiiiiiii'
J
JMu
i
1.
lal
i.,tii
B'n
Willi..:.
Wailaboui'
I
J'lv
52%
4 J'ne 32 Not
16
37
1
"li'
I'.i.'g.
21
12,425 91% J an 25 09% Doc 1
30,970 20% Jan 26 47 4 Nov j8
1,100 93 Jan
108 4 Mar 15
205,10c l004May22 196 Dec 13
192
183 189
Anaconda Copper
185
'180
190
100 175 Dec 7 •r'215 Feb 14
175 135
Brooklyn Union Gas
20
runsw. Dock<fe C.Imp'i
20
8,125 10%.laul3 22 4 Deo *
20% •19
•52
-52
50 Dec 6 60 4 Jan Is
53
53
Buttenck Co
52",870 40
bepli 47 4 Oct 23
46
45 4 47 4 / lentral Leather
44
5,60" 102 4 Nov 13 105%Nov29
103 103% 104 104 4 V > Do
pref
190,600 38 May22 59 Mar24
514 54% 5o4 524 Colorado Fuel <&> Iron
-89 4 94% •89 4 94%
200 80 Augl7 105 Mar21
Do pref
18 4 18 s Col. & Hock. Coal <fc Iron. 12,700 ll%May24 20 Deo »
IS * 1S4
179 -4 1«3 '4 Consolidated Gas (N. 1".). 24,140 175 Novlb 214 Mar 3
181 185
14% 15 Corn Products
8,05;
8% J'ne 8 22% Fob 7
14% 15
Do pref
55% 55% 54 4 54 4
1,562 40 Aug 9 79 Jan 10
49% 50 -i Distillers Securit's Corp. 54,98:' £34% Jan 25 51% Dec 13
50
51
82
82
electric Storage Battery.
s'2 4 82 4
1,190 76 May23 89 4F60 27
137 4 137 4 Federal Mining & Smelt'g
3,300 60 Jan 11 145 Nov21
138 139
1074108%
Do pref
20,660 75 Jan 5 U04Nov21
I08 109
179% General Electric
8,700 1 69 May'2u 192
185 187 4 cl74
MarlO
23
•23% 24
15.900 184J'uel6 25 4 Dec
83% I nternational Paper..
1
88 4 Lee 1
£85 4 86
Do pref
5,170 76 4 Feb
86% 87
57 4 57 4 International Power..
400 48 Uct 1 100 Feb 23
57 4 57 4
55
59% 58% 59 4 Knickerbocker Ice( Chic) 50,400 10 Jan 16 59% Dec 14
62 4 64% National Bisouit
62
63 4
25,330 52 Augl6 66% Apr 3
Do pref
1,400 HO Aug 19 120% Mario
113 115 •1134115
I64 Nat Enameling&Stamp'g
31 4 Apr a
1,300 11 Aug 1
16% 16 4 164
•86
80 Aug 12 94 Apr 19
Si<
Do pref
•86
90
87% National Lead
161,850 244.1 an 24 89 4 Dec 14
864 89 4 85
Do pref
800 97%Jau 7 115 4 Dec 1
106 4106 4 105 105
10641664 New York Air Brake...
160 100
5,800 140 May22 168%Nov20
984 100 North American Co., uew 20,400 95% Nov 9 107 Apr!99% 10] 4
9,800 33 May22 53% Dec 5
48% 49 4 484 48% Paciflc Mail
eop. Gas-L.(& C. (Chic.) 47,500 97 4 Maylo 115 4 Apr 3
105-4 106% 1054109
Hi
16
Pittsburgh Coal Co
1,500 12 4. My 19 21
Mayl5
14% 174
62 4
02
Do pref
3,800 45 4 J My 2b 80 '4 May 15
584 63
55% 56 4 Pressed Steel Car
55 4 56 4
23,445 38 4 Jan 3, 58% Dec 8
Feb lb 101 4 uct 25
•99 4100 4 •994100
Do prel
2,070 87
217 247
Pullman Company
May 31 25 S Aug 14
248 248
1,400 230
59 4 00
ail way Steel Spring.
31,000 30 May22 63% Dec b
60
61
i)
Vdo pref.
810 93 Jan 25 H)6 Nov20
103 104 4 -103 104
33 4 34 4 Republic Iron it steel
41,400 15 Jan 23 36 4 I'ec 9
33% 34 4
Do pref
20,422 67 Jan lo 1"8 Dec 13
108 xlu4 4 101%
107%
•384 40 Rubber Goods Mfg
24 Marl4 39 Sep 30
•38
39
106 106
Do pref
ioo 94 Jan J5 1094Apr 1
105 107
90 4 ClossShetiield St. cfc Iron 28,400 60 Jan j5 U84 Feb24
89
914 89%
loO Jan 13 130 Feb 23
110 124
Do pref
110 125
standard Rope & Twine..
% Jan '^b 3 Jan 3
143
144 4 Tenn. Coal, Iron & RR... 78,550 68 J an 25 145 Dec 14
139 4 145
374 Jan 31 bO Dec 13
65 4 65
Texas Pacific Land Trusi
6.700
64 4 65 4
11
8% 1'ne 6 15 4 Uct 13
13,800
144 14% 14
Union Bag & Paper
Ian 10 82 4 Uct 1
Do pref
1,000 68
82
45
45% 44% 46 U. S. Cast 1. Pipe & Foun. 20.150 19%Jan 3 484 I'ec S
Do prel
794 Jan 3 9<% Apr 17
92% 93%
1,-50
92% 94
United States Express...
113 120
Feb b
113
118
81-J ;U0 Dec 1 134
•87
88 C s Realty <fc Improve'ni
500 77 Jan 4 984 Mario
8/
86
Keb'J- 40 4 Apr l.S
31% 32 U S Reduction <fc Ketin'g
5,510 18
32
32%
Do pref
4,6oo 35 Jan 13 73-4 Augl 7
71
71^ 714 714
54 4 50
United States Rubber
33,350 33% Jan 3 58 4 Sep 1»
55 S)
55
Do 1st pref
1 1 j
110% 110%
11
4,300 98% Jan 6 118 4 Apr 7
Do 2d pref
82
5,800 75 NovlO 83% Dec 2
824
32 4 82
37 4 3s 4 United States Steel
37 4
91,816 24% Maya-. 39 '„ Dec 12
Do pref
175.4-H 90% .M»yj2 lob Dec 12
104% 105 4 104 '4 105%
43 4 14 4 Virginia-Carolina Chem.. o4,375 _"• Sep 11 46 4 Dec 5
43-4 45 4
103 a .May 1 1164 Dec 5
115 4 115%
Do pref
111% 115
•50
5 1 4
50 4 Virginia Iron Coal & C.
3,WU 3U J'ne it
j
4 Feb 24
•227 240
•227 235
235 Jan 3 260 Feb 21
\ 1/ells, Fargo &, Co
'» est'u Union Tele'gpli
8)872 92 Jan 17 954J'nel9
}93% 93%
May 20 184 Apr 6
175
We»fgh'seEl<fcMfgas»en
177 4 175
1,000 152
177
|.'..ii23 197
Do lxt orei
•190
•190 193
193
i>'0
April
Centra
Colon wJ
,-t
Ian 9 J2C0 Feb
.May 4 24 '4 Dec
--2
6 a
Ataltlnsr
43% 41% American Woolen
105 100
Do pref
43% 4.i'4
1054105 4
X. T.
300
N..rl:
Brooklyn'
Ask
140
.
IV
13
2,370
American Snuff
Do
37
1
4
384 Mail..
Apr29 33 4 Aug'21
Jaii i;;
64 4 Uct 17
•
'.
25o
112
13 4 13 4
13%
J 3%
47
47%
47 4 48
147 149% 145 4149%
13.4% 139%
*132
137
137 143
107% 108 *10l>4 106 4
AND TRUST
ifhctrs'.
426
..
220
IDS
K.l)
IS
I
114.J'iy
M:iy
«<o
No'*
N "v
\.,v
Jail
48%
I
dui 13
1
I
Mas
•..'::
.1
Leather
161 4 104% Amer. Smelt'g&
£13041314
Do pref
134
i)
<
'.5
pi
1
Do pref
Amer Smelters Sec pref B
BKOOKLVN
228
ao
bbooklv.-.
Borough*
4 American
264
f-v
•.
33 4
434
62
2 ,
HI 4
ill
SJ
..J
H--4
•'
-
10o% 10O
41
5u 4
4
31
72
104% L05%
l!2>4
'4
86
SO
.
-
14',
81% 82
454 46
94
15
4
.7
56
100 4 100',
246 250
14 4',
1,11
0^-.
1 64
15
5s% 08s
1
51 V
111
37 >
104 >
5 -J
1054106^
100 4
OU4100S
•242 26o
250
62
liO
6l 34
144
ao',
.
58%
130 4
111
;
15
58
100^4
50
50%
106 106' 4
•11
15
•55
58 S.
55 4 5 j
SO 3* 51
105 4100 4
•14
107
166 J4
9J%
.
70 4
4
104
164
99% 100%
si
464 46 ',
944
374
80 4 87%
81
115 4
l«7 4
llo^g
16% 104
I
04',
15
•Ho
•86
h9
89 \
87
106 107 4
166 7 * 167%
100 4 102
48 4 50 4
»!'
104 '4 103 4104
54
34% 85
106 4lO7> 107 107'e
•38
4o
40
•as
•102 4107
•iOJ lo7
2
6y J4 914
89%
112 li» -10/ 12."
135 4 138
544
113
•to
103
M
115
•80
{30
70 4
165
>4
1144 H5 4
16 4 16%
90
60 %
103 103
35 4
100 100
•38
40
•103 107
90% 92
•112 118
141
j.">
114
784
115 4
794 81
140
;i
164 16S
•85
9o
•86
141
108% 109
108 41*04
1«3%183% 183 4180 4
23 4 23
23->4
23
86 4 87 6
86 4 874
-58
68% 58
58
52 4 55
55
59% 60
59 4 694
64 4
62
J
108
•113
113"-.
138
138 139 4
109
183 184%
23 4 24%
.-6 4 «><%
•58
5y
544 55 4
5
;»
1
i;
108 4109
180
•
•20',
•26
!.. "'
p
!
45
68% 70 American Locomotive.. 101,850
920
1164116 4
Do pref
54
250
1
1334
L464 148»,
1394 UWs,
l&O
•»
'4
204
1
4
1004100 4
1014 103 4 1614 105
7
13 jj
4
31 4
2i
•42 4
34
20
1 '04
2>i
hi
s..
46%
lt'5
1.6
5
.,
'4
4a
101
47
De prof
S5
American Ice Securities
21
Amencau Linseed
43 4
Do pref
'
86
24
48
J
I
9
u
rii.
!'•
9
!
.
I
i
*804
i
1
N,.v
\c,V
i3J.ii.i5
Chemical.
11-*
'
Mai
ir,
1'i'bl'i
39'.. Hal
May
08
.1'
70 Jan 26 lOJ'slH'C 16
;3 'h
jo Jan 24 29 4 Apr 15
13
.Mai
89 4 l'"eb 3 95 AuglO 72% Jan
May'JJ 43% Apr 14
28*700 31
14% .1 My
1,1,/'
c:< 14. Inn 2."
044 Apr 6 67 Jan
9,150 27% J My 19 38 Apr 3
24% J'ne
700 89 '4 My 11 97
k.iiK;
88% J'ne
236 }*2004Jau 4 240 Fob 2
ISO J'lK
3.650
4% Aug] 7 14 Jan 4
5 Aun
35,. On
6 J'ne 7 11% Dec 10
2% Jan
46,310 29 4 Oct 20 65 4 Mar 17 II 4 Jan
!•20,250 24% J My
Dec 5
36
pref
A:
71
I
I
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M»)-23
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110 117
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Class
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class
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.
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n
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92 V d02
923 b 141
92 »s
02 V
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92
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kese
132
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48
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45
the
Dec •05
102
09 4 Oct '00
102 V Mar '02
1
Mar '02
11 1
11934 Oct
105 V Dec
10234 Oct
'04
'04
'06
'01
Mar '01'
96^001 'OB
120
96
99
95 V Dec '04
9634 j'ne '05
22
22
95 "a
22 Sale
q-j
99^ 99
99
7
SO
101>.2
Registered
Knox &
N
See
L&
ST
Atlantic Coast 1st g 4s./ilP52
Charles & Sav 1st g 7s. .1936
Sav F &
1st gold 6s.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s 1928
Brims &
1st gu g 4s 1938
Sii Sp Oca «Si (i gu g 4s 1918
Atlantic A- ihiiiv kee South By
Austin & N
bee Sou Pacific
Baltit Ohio prior lg3 Vs. 1925
Begistered
/il925
W
W
W
Gold 4s
Registered
ft.1948
MS
J-J
A-O
A-O
M-N
West
1st g 4s. ..1917
Bat Creek
S bee Mich Cent
Beech Creek See
11
Bellev da Oar bee Illinois Cent
Bkiyn
Moutauk bee Long 1
Bruns
^st See Atl Coast L
Buffalo if V <fc Erie see Erie
Buffalo B
P gen g 5s... 193
A11& West 1st g 4s gu.. 1098
Cl<fcMali lstgu "6s
104;;
Boch & Pitta 1st g 6S...1921
Consol 1st g 6s
1922
Buffalo it Southwest See Erie
Butt
Susq 1st ret g 4s.<fl951
Bur C
<k
See C li i
P
Canada South 1st 5s
1908
>2<i 5s
1913
&
B
J-J
N
sale
117 V
114V
96V 97
94^4 95
102 »s Sale
02
91^)
98^ Sale
92 V 03
91".
99 V Jan '05
98VNov'04
Oct
97
99V
'04
99V
10134
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1013
102 V Dec '05
01 a8 Dec'0;
98=8
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92 V
92 34
92VJ'ne'05-
119VMar'04
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Nov'05
100
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94
93 V 95
80
82
75
77
9234 ....
113 ....
113 116
112 ....
120 Dec'Oo
111113
107 J'ne'04
95 V Dec'O
82
82
76 Dec '05
93 34 J'ly'05
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115 Nov'05
115 V Aug'Oo
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115
Nov'05
104VMar'05
v
101
1
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101 103
101
94 V 97 78
102
102
10i>4 Oct '05
103*4 109 8 108 34 Nov'05
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104
118V
117V 122
116
107 3« Sale
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10534 111
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113 113
101 V 104
IO734 Nov'06
113 Mar'OC
103 V Nov'05
98 J'ly'05
113V 113V
100 Sep '05
82 V Dec'Oo
80
80 V
*2V
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.
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10IP, 103
95 V 98 V
96 V 96 V
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120
J-J
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1103811109 ....
Aug'04
110 V Jan '05
101 % Nov'05
106 Nov'05
106 V J'ne'05
100 Apr'05
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106
.
106^ 106
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lo9
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109",
110
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115 V U6 34
118 V 120
109 J4 111=8
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loo
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100
185
183=e 185
Aug'04
lo5
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= Apr'05
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102
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11536
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104 4 105 34
102 34 10234
99 101 V
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110
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115
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110
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104
juai'04
11! 34 Oct '05
100
112%
112
AIar'05
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113 115
126 V 128 >i
104-8
105 10^34 Nov'05
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99
99
99 103 Nov '98
114.V
114V Nov'05
114
114
114
110V
111 Nov'05
109 V
H'8V Nov'05
Sinking-fund 6s... 1879-1929 A-O
Begistered
1879-1929 A-O
Sinking fund 5s.. .1879-1929 A-O
933,
91
Begistered
1879-1929 A-O
Debenture 5s
1909 M-N
92V 92 V
Begistered
1909 M-N
108V 108V
109 109
Debenture os
1921 A-O
Begistered
1921 A-O
9734 100
Sinking fund deb 5s
1933 M-N
Begistered
1933 M-N
Des Mo & Minn 1st 7s. .1907 F-A
North Illinois 1st 5s
1910 M-S
Ott C E & St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 7s.. 1907 M-N
MB L S <fc West 1st g 6s 1921 M-N
119 V 123 V
Ext & Imp sfund g 5s 1929 F-A
Ashland Div 1st g 6s. .1925 M-S
Mich Div lstg6s
1924 J-J
Convertible deb 5s
124 126^
1907 F-A
124 34 130
Incomes
1911 M-N
Chic Bock Isl & Pac 6s.. .1917 J-J
Begistered
1917 J-J
98 100
General gold 4s
1988 J-J
Begistered
102 104 34
1988 J-J
104 34 109
Refunding g 4s
1934 A-O
10534 106
Coll trust Series D 4s. ..1900 M-N
1148
1910 M-N
M4s
1915 M-N
1910 M-N
N4s
-N
4s
1917
94
94
P4s
1918 M-N
Chic R I & Pac RB 4s. .2002 M-N
119 121V
Registered
2002 M N
3SI 113
Coll trust gold 5s
110=8
1913 M-S
Bur Ced ii & No 1st 5s. 1900 J-D
Con 1st & col trg 5s... 1934 A-i
"9o"i«i"
2*8
Registered....
67
193 1 A-O
88V
CB IF <fc N 1st gu 5S.1921 A-O
52V '83V
M & St L 1st gu g 7s.. 1927 J-D
93
95
"i 116V115V
Choc Ok & G gen g 5s .01919 J-J
11 0=s U5
1952 M-N
Consol gold 5s
192;: A-O
llS'-jlloV
Keok & l>es M 1st 5s
108 34 112
Chic btb* a o sec W. Cent
Ul 34
UOSeUS'a
11134 Nov'05
109 V J'ue'04
U»9'6
i09'8
108 V J'ly 05
115 V Dec'Uf)
110 Oct '05
116 V Oct '05
127»4 Oct '05
104-s Dec'Oo
115V
108 V
105
U5V
II334 Oct '05
107
106*8
90V 93 V
98 V 101
137
134
112
109VU1 3*
112
137
113V
J-J
1UV
UOV Nov'05
110-4
106
108
193=6 107 34
3 133 V 138 V
28 •17 34 122
135 V
117'g
136V 13534 Nov'05
115 V Dec'Oo
129V
114V
J-J
J-J
J-J
J-J
J-J
100
111V
103=8
1
J-J
J-J
J-J
108 V
100
98V 97 V Dec'05
115 -8
115V Oct '05
lib *
1183s Oct "05
l
110 110 4 110 V Nov'05
Il5=8ll0 34 115V Nov'05
J-J
J-J
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106V 106V
ll9VMar'Oo
120
101^103=8
105
Dec'05
De«'Oo
103 5
86 34
83 V
80V 80 V
7934
96VFeb'05
107
loo
100
80 V May'Oo
102
95 V
V
98
97
113V Feb '05
,
102
F-A
118V
V 108 V
10B»4
119
106 V
103
U1VU4V
105V Jan '04
Nov'05
Nov'05
IO0-4
l
4
lvJ3Si
117
lt^5V105V
104
119=8
U5 U5V
lOo'-i
Dec'05
107
10-1
llOVMar'Oo
126^ 12634 1263s 120%
119V ..
1183, Oct '05
129V
142 V Feb '02
13034 137
131V Jan '05
101V
105=8 »ep '00
Iu3
109 Sep '03
1--4
122 Dec'05
119
123 May'Oo
l
UOV UOV
1203b130
U834 US 34
104 "4 Nov'05
104 34 lOl 3^
96
U9V
105's
io j 4 Sale
95
'4
105 V
105
V
131 v isfv
.05 V 105 V
120 34 120
122 123
90
b;de
95
95;
933
97
J'ly'04
96
93
i3»
Nov'05
May'04
94 V
U4.J
104V 107V
sj
94 V 90 V
78" "85"
94 V
90
May'04
78
",9-v
97
95
00
1
-op '04
SO sale
100 l4 Sate
88 V
90
100 V
;
.19
ioOV
11S34
.
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112
114V 111
10b34
Ill
109 V
,
'
51
"-
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Nov'05
S8V
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:1
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100Vlo2-j
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i'u" i\i"
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Aug'Oo
Uj Ap: '05
UoV Sep '05
109
UU 34
114V
114
1203s
108
103
.15
115
on .Next Pase.
Street itaiUvay
Brooklyn Bap Tr g os
1st refund conv g 4s
.1945
.2002
Begistered 4s
.2002
BkCity 1st con 5s. 1910..1941
Bk Q Co <fc S con eu g 5s .1941
Bkiyn Un El 1st g 4-5s .1950
stamped guar 4-5s .1950
Kings 00 El lstg4s... .1949
stamped guar 4s
.1949
Nassau Klec gu g 4s
.1951
Con u Ry & List & ref g 4' 1Vs'51
Stamped e uar 4 Vs
.1951
Den con Tr Co 1st g 5s.. .1933
Den Tr;un (Jo con g6s. .191ii
Met Ky Co 1st gu gOs. .1911
Det United 1st con g 4 Vs .1932
Havana Flee consol g 5s. 15:
Louis Ky Co 1st eon 5s.
.
'Noprii
134'v 134=8
rsalt
/.nu>
JI11//1
104 \
Southwest Div Ist6s....l909 J-J
1921 J-J
Wis<fe Minn Div g 5s
Mil & No 1st M L 6s.. ..1910 J-D
1913 J-O
1st consol 6s
ChiCcfe Northwcons7s
1910 Q-F
1880-1920 K-A
Extension 48
Registered
1880-1920 F-A
1987 M-N
General gold 3Vs
Begistered
^1987 t4-F
Uailway
•_
1939
1992
1992
5s.. ..1940
g4s.. 1989
1989
g 5s. .1941
General gold 4 Vs
Begistered
Craig Valley 1st g
A Div 1st con
2d consol g4s
103»4 108S
Warm Spr Val 1st
Greenbrier Ry lstgug4s '40
1 99 V 101
92
96
Cluc<fe Alt RB ref g 3s. ..1949
0/ $oto £.
Hallway 1st lien 3Vs... 1950
1950
Beeistered
V 102
101
Chicago Burlington <fe yuiu—
1922
Denver Div 4s
Illinois Oiv3Vs
1949
Begistered
1949
Gold 4s
1949
Iowa Div sink fund 5s.. 1919
3
102»4 102 !
Sinking fund 4s
1919
Nebraska Extension 48.1927
Registered
1927
95
97
Southwestern Div 4s
1921
Joint bonds See Great North
34
96
07 V
Debenture 5s
1913
10
Han & StJos consol 6s. .1911
24 V
Chic & E IB 1st s 1 cur 6s. 1907
1st consol g 6s
1934
General consol 1st 5s
1937
Registered
1937
Chic& IndC By 1st 58.1936
Chicago & Erie See Erie
Chic In& Louisv ref 6s... 1947
101
Bef unding gold 5s
1947
96V
Louisv N A & Ch 1st 6s. 1910
3 106
101 4
Chicago Milwaukee & St P—
IOOVIO4I4
Terminal gold 5s
1914
100 106 34
General g 4s series A..el989
9314 99S
Registered
el989
General g 3 Vs series B.el989
93V 97%
93 V 98
1921
Chicfc LSuOivgSs
99=8 99=b
Chic & Mo Bit Div 5s... 1920
1910
Chic& Pac Div 6s
99=8 99=8
Chio& PWlstgSs
1921
99 V 99 V
Dak& GtSog58
1916
Ear & Sou assu g6s
1924
Hast& DDivlst7s
1910
1st 5s
1910
98 V 101
1908
I & D Exten 1st 7s
10034 10334
LaCrosse & D 1st 5s
1919
Mineral PointDiv5s
1910
13178 131'8
1910
So Minn Div 1st 6s
90 V 102
93 14
86
88=8 93 V
MISCELLANEOUS BOM)*—Continue!!
Street
J.uiv
104V
.
J-J
J-J
1940 J-J
Mobile Biv 1st g 5s
Apr'97
103
...
....
J-J
pl945 Oct
pl945 uct
pl945 Oct
Mac & K or ;>.v 1st g 58.1946
MldOa A. All Uiv os
1947
Nov'05
J-J
Cen Branch U Plstg4s...l948 J-D
92
Cen Branch By Seeilo Pac
Cent of Ga RB 1st g 5s..2>1945 F-A 120 122 V
Consol 20UI 5s
104" M-N 113 V Sale
;
Registered
1045 M-N 112 113V
purmou g 4s. 1951
10038 101
94V10SV
100V100S
102'fe
119*4
983a
& Shawn See 111 Cent
Carolina Cent See Seab Arr L
Carthage & Ad See if YCdiH
Ced B la E & if See B C B & if
1st pret income g 5s
2d pret income g 5s
3n pit! income g 5s
V
114=8 114=8
Nov'04
losVJ'ly'05
109 Apr'05
108 '« 109
126
70
96V
96V
96
102%
108-s
Carb
Cen
93't
May'05
13178 Sep'05
112»8 Jan'04
114 58 Nov'05
100 L4 Nov'05
97 34 Oct '04
M-S 122V...
A-O 101 34 ....
&
C
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8
99 58 J'ne'05
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,
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WVa Sysrel 4al941 M-N
Southw iuv 1st g3 Vs. ..1925 J-J
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/U925 M-J
Monou itiv 1st gu g 5s. .1919 K-A
CenOhio R 1st cg4Vs..l930 .V;-S
Pitts Oier & Tol 1st g 6s 1922 A O
Pitts
101
99
102'b 100
102
101G8 I>ec'05
101'8 102' 8 390
93 4
60
94
95 Sep '05
102 8 sale
1023s Sale
94 Sale
ft.1995 Nov
92
fcl995 Nov
93J-J
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ftl995 M-N
Debentures 4s Series E. 1907 FA 100 58
Series F
1908 F-A 100^8
99^
Series G
1909 F-A
99
Series H
1910 F-A
98^
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1911 F-A
97^
Series K
1913 F-A
99 >a Sale
East Okla Div 1st g 4s.. 1928 M-S
Adjustment g4s
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Chas & Sav See Atl Coast Line
Clies & Ohio g 6s ser A..M90* A-O
132^ 134V
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1939 M-N
99'
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1995 A-O
1955 J-D
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January
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11334
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Leh<fc Wllks B Coal 5s. .1912
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106
134
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gen'l gold 5«. 1 987 j-j
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of
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131 'p 1333,.
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North Carolina consol 4s. 1910
1919
6s
So Carolina 4 Vs 20-40
1933
Tenu new settlement 3s. .1913
Small.:
Virginia fund debt 2-3s... 1991
6s deferred Brown Bros etfs.
Alabama Cent
1
io;iVl0478
:
mot; J.J
1900 J-J
1906 J-J
1920 J-J
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1911 A-O
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U S oi Mexico s t g 5s of 1809 Q-J
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1954 J-D
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U. S.
Wgelc's
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Weekly and Yearly
Record, Friday
OCCUPYING KOIJR
1
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J-J
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F-A
F-A
F-A
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J-J
J-J
108
108
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98%
9 108
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106
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1963
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1946 J-J
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92
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105
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i
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Oct '05
Nov'05
102'- Deo'06
J-J
FA
Si
J'ly'OI
"a
C Co
Ed t. Hi nee X V & E L 11
Eq G LX i" lst con g 5s.
100
1093< I09*j
RR bee Erie
Kal A G R bee L S & M S
an & Mich See Tol & O
K C Ft S & M See St L S F
K C * M R B See St L & 8 h
Kan C & Pacilic .See M K & T
110
105
120Si 125Sj
102', 105
II '"I.".
121--I
115%
K-A
lol
95
M
116%
101, A-O
1909 J .J
1921
101
W
(us
Dei Gas Co con lst g 5a. ..191s
Ed El IB Bun Sf K Co V. I. ,t
101%
100
89%
Middle Uiv reg 5s
192
10.,,
Omaha Div lst g 3s
St Lotus Div&teuu g 3s. 196]
Registered
195]
Gold 3Si8
1951
Registered
1951 J-J
Spring Div lst g 3Sis...l951 J-J
Western Lines 1st g 4s. .1951 FA
BeUev&Car lst 6s
1923 J-D
Carb & Sha-w lst g 4s... 1932 M
ChicSt
O g 5s.. .1951 J-D
Registered
1951 J-D
Gold3Sis
1951 J-D
Registered
1951 J-D
Meiuph Div 1st g 48.. .1961 J-D
St L Sou lst gu g 4s
198] M-S
lml Bl <& West See CC C it St 1.
Ind Deo&
lst g 5s
1935 J-J
lstgtiargold 5s
1935 J-J
Ind 111 & la lst g 4s
1950 J-J
Int & Great Nor lst g 6s.. 1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
Iowa Central lst gold 5s. .193s J-D
Gold 4s
1951 M- S
125% 127
Si
1
112
6a.l945 M-.N
...
Dec '05
101
Sale
Si
102
Extended
L95] A-0
g8Sis
1st gold 3s sterling
1051 M-S
Coll Trust gold 4s
1952 A-0
195'. A-0
Registered
Tex gold 4s ...195! M-N
L.N O ifc
Registered
1953 M-N
Cairo Bridge sjold 4s
1951 J-P
LoinsvDiVitTerm
'-,s. 105:
9.-»3
108*4
:
110
"a
103Si
Si
91
J-D
.
N
W
Litcbt
.-
lst g 5,
Qaa con
101
'o;
93%
Nov'0.
J-J
lst»cu''58.1942 J-D
(.111 and Electric
G L Co l=t
Bklyn U Gas lst con
100
102
Si
127
105
2
133
Aue'o:
I
:
122
1
107 Si IDS.,
113 l4 117Si
101 S; 103
132 S» 137
Oct 'or,
oci '05
Oct
10834
107
L08»i J'ly'06
13 '4 J iv '04
M->.
Ind l8iccu gu k6s.. 1926 J-J
Atlanta
105
&
City Son lst gold 3s.. 1950 A O
Registered
1956 A-O
Kentucky Cent See L it; N
101
70
90
91
-.
104.<8
llu l4
101
95
,
:
.u
Kan
Saa Cbead
iiull.t s I 1st rol it tiros bl962 J-J
it st Jo
SeeC B
Q
ousatonio See N "Y
H it 11
Hock Vall8tconsolK4Sjs. 1999
loon
Registered
Col <t H V 1st ext u 4a.. 1948 A-O
ior>;
Col & Tol ist on is
Houst E it
lex Set So I'ac
Holistic rexCen SaaSoPaoCo
J-J
I limois central 1st g 4a.. 19.*>1
0.",
l
I'.eirislereil
J-J
lst gold 3%a
495] J-J
Registered
195] J-J
Kan
'04
Sep '05
Ho'aOct'Oo
Mar'05
99 100
94 4 9o"
J-D
J-D
J-D
Sep
111
'
-is
103 S> 115
02
B6
111
o'0<
<fc
Mum
coll tr g
Ky
Greenbrier
loe-siio
98 101% Jerlersou
Jan'o
rf7
I>,
<fc
2d tis
1916 J-J
Dul Short Line lst gu 5s. .19 16 M-S
Dnl So Shore it AH g 5s. .193' J.J
|7<a8tot
*ee St P M <fc M
X-iast Ten Va & Ua bee So Ky
Elgin J ol it Eaal 1st g 6a.l94] M-N.
Elm tort it X o bee Lth it 2\ \
Erie lst ext gold 4s
1947 M-N.
2d ext gold 5s
1919 M-S
3d est gold 4%s
1923 M-S
4tt. ext gola 5s
1921 A-O
5th ext (told 4s
192)- J-l
lst consol gold 7s
1921 .u-s
lst consol X tuntl 7s
1921 M-S
Erie lst con sj 4s prior.. lu.n J-J
Kei-'isteretl
1996 J-J
ist consol gen Hen g 4s. .1996 J-J
Kegistereo;
J-J
Penn
.v.i'..
100
101
L&N
i2S-" H Xov'u."
...
ia»
1133s--102»s...
iHJ
DesMoiUnRv lst g 5s. .1017
Det M & Tol bee L S
\fc M So
JJ
1
96 Si
J-D
1--A
Vl-N
111
'.;:;
,
Lst 7s.. .1914
suat 7a
1911
101
1021 Q-J
Hi-!;istered./i
78%
73
90 U
1
bases
'04
(
;
UOSillOS!
i
it
78...1901
12
N \ 'cin
IVnn It If
See
.s'ec
Gray's Pt Term SaaSt L S W
,l N,,r— C B it Q coll lr4s 102
116% 116%
t
it
ua
VGA
* Oswegat
Grand Kapit lml
<fc
Lack* Western
in
Mar'Os
105
isi
ifc
Dak
alla.s
Oct
I
i
i
1
100%
iOO^Salc-
1
134%
lor,'.,
Apr '05
10
H"i 111
89 <t 92
1
.
100 Si 103
Oil
186
109
I
Han
Novo
'-
I9«s
'.
"89$"
Jan'oi
LIS
135"
(
>9
101
1
10'." 4
L08 T
.
101%
U
104'4
10 ',
101
:,
it)
-..
I
HifiK
12o( 4
Pere Mai
1st 68.1918 A-0
Ala See Sea A Line
Car iV .Nor Set Bea A l.inr
Georgia Paoitio saaSo Kv
iila
Nor Sea So PaoCo
i
102% Deo'06
1
1
Low
.%„
Oct '06
Di ''"
leorgla a
i
a, ....
mil
II
1
1
106
Uii1H*Ho(1Ss'J
110
116
'o;
08%J*iy*O{
10-."-j....
w
1
122
i'1'2'
.since
(
;.-
Del
'
.
113
1.1)
Kange
-
'nnvayrg 1
1
laCd Penin SM Sea Alt [Am
st li D Co lst k 4%a. 194
s\ A Den
1st g6a....l921
Kt W it Kio Or 1st e Is. .1928
.sec So Pac !o
J <al Hnr it 8 A
& Tol
Gl So ><(.'
See
it \\ aco
.4*k
123
1021 J-J
i
no
/10'
S
sitlr
1
Greei.v SC4 So Kj
Hock Val Set Hock Va,
Set Hock Val
Corn A Term Sea N C- W
A-0
Conn it Pas Kits 1st 4a
Colum
SM
i
3^
Weekft
Range nr
"•
,,
i
(is.
i'.irt
I
i
In,
oona
PereM
nnt.t
I
'.'!'S
113»4
isi
Dec
16
r.nii
si-
11
i'
Gouv
J-J
tel98l
.
122S1
'oi
N'ov'OB
1
IKi'i D
.....
.
oci
iaa
loo
1*
it
\ al l):v 1st g4s...i'.'4t
G
186%
Marni
...
...
it
nee
t ruliiu
:
lstgeneral c-olil 6s
1942 A-0
MtVornon lst gold 6a.. 1923 A-0
Sull Co Branch 1st
5B.19S0 A-O
l/iu-poit So .v«cii M ,t- si r
i
B K
M-N
199< M-N
4s..l94o M-S
|!
livims
186*"
l:'o>-j...
1-
i'ii
It
i
Lsi •- la.1991
tr B 48.. 199(1
Div lstool
Registered
Low Hi',
188% 139
a .1
Deo'OS
03
...
1
»-j
.
v
\
Wrick knit.,, dko
1
L
Lnm is 1993
W 4 M DM
II
J'muiin/
."»
I :t
W
Cin S
1711
/
STOCK KM!'
N. Y.
Sn.
a o
iJ-C
is:
AlA Low
Zi'lrl
eon 6a... 1930 J-7^
.M it
I'
s
,
,
BOND*
Bwng
13
Kaiige or
rtday
I
See Pi
rut--
1. A-
WeeK's
.'nee
n. v. a roi !K iix< ha.\..i
Wbks kniuno dbg Lfi
Chic st
Clue si
1
Bond Record— Continued— Page 2
1905.]
BON
1
:
1
'
'
.1
(Jet
jIihiIht
110
;
1
2
113
.1
«
'pi
%
inn Sale
.
Bond Record— Continued— Page 3
1712
IIUM)h
N.
Price
STOCK KXCIIANDK
V.
IKK
Vv
Si
l-.NUINC J)KC 15
Week'*
J'ridoil
lire. 16
u
Range or
AU
HlU
Louisv cfc Nasnv (Continued
LCuicfc Lex <rold4*2S...]93; M-N
o
1st gold 6e
1931 J-J
2d gold 6a
193(J J.
Fensacola Div gold Os... 1920 M-S
1921 IV1-K
St E Div lst gold Os
2d gold 3s
1980 M-S
Is'
Al
Al
cfc
NO&
Ki/ox.fc Nor lstg68ll»4(1
11 cutler BdgelSt8fg6s.l931
Kentucky Cent gold 48..19S7
N cfc Al cfc Al 1 at g 4 %s 194 5
L<fc N-south Al joint 4s. 1952
S 1st gu g 5s... 1937
Fla
Pens cfc Atl lst gu g 6s.. 1921
a cfc N Ala con gu g 5s.. 1930
At,!
L&
N
&
Sink lund tola 6s
L
cfc
Uogu
Jell Bilge
N A & Ch
Malion Coal
1,
anhaium
See C 1
L
See L S cfc AI B
By consol 4s. 199o
;;;;;.
Nov'O:.
Au-'ll
I
70
I
7K
>s
1"h119
M-S
J-J
101
.M-S
J J
'..
Sale
lie's
110
K-A
96i«
llllSa
L06
97
Apr '05
1
12J
19
1
1
1
;.',.
115
1
I
U
5
'.j
A-0
i
03 3.i Sale
Sen
'05
1
1934
J.j
/'li-
ny
AO
11 6
1 5
I
'2
*fl
1
li;
107
9b 34
104
107
1.
80b
25
19
92
HO 4
HI'-.
'-j
24»8
19
Sale
2.1
81»e
'20
70
774
99*4
107
108
104 104
106' 8 109
20 >, 241
A-O
J-D
.\I-M
VI-
J-J
135io
106
117 >a
107
113 li4
97
99
120*4 Apr '05
113*4 Mar'05
4
100^ Sale
I003g
F-A
89
106 >4
100*2
A-0
J-J
M-N
.\fl-S
Mob& Birtn prior Hen g 5s 1945
J-J
1945 J-J
Mortgage gold 4s
Mob J K C lst cons g5s.l»5.-. J-J
Mob Ohio new gold 6s. .1927 J-D
<fc
Mohawk & Mai
92*4
Dec '05
Dec '05
Nov'05
96 *4 Nov'05
93 K
94%
93
89
!v
107
115^4
115*8 115*4
109 Nov'05
109 Nov'05
108 >«
13
107*2 Dec'05
1063s 109 "s 1083a lO-Sg
102%....
10234
102 a4
12212 121*2 121 «s
105-2 105
105*2 106*8
107 »2 103
93 ^i Sale
97 ^ 98
107*2
93*2
97 *2
107*2
104
2
121*2
Mar'05
l03 34Nov'0^
120 Dec'05
il6*4 110
116 Nov'Oo
94*2
9478
lie
1
94*2 95
94%
94»4
100
113
95
F-A
115»-_
Q-F
9i) a4
J-J
99
1
116
116
93% 96%
94 a4
11234
*2
103 105*2
116*2 120
115*4 119
94
98
93*4
93*4
95 *2 100
25 34 130
126 K
124*2 12b*4J'ne'05
99
98 Dec 05
M-S
98
104*2110
lll*2Mar'04
96 Oct '05
98
99
129 Nov'05
98
99
125%
107
110*2
93*2 96*4
93*2
97 S
*-.
-.
97*4
115*2
I0934
105*4 110%
Dec '05
"12*5"
'4
120
J2
96*2 99*4
15 34 Nov'05
92*4 Oct '05
I334
U534
92*4
95
Nov'04
101*2 101
lst consol gold 5s
192c*
Jasper Branch lst g 6s. .1923
McAl
lst 6s. .1917
P Branch lst Os
1917
shet See L cfc N
Nasli Elor
Natot Al ex prior lien 4 "28. 1920 J-J
lst consol 4s
1951 A-O
MW*AI
&
New H & D seen Y X II ik H
N J J unc KB See N Y Cent
New Cin Bdge &ePennCi
N O & N E prior lien g 6s pl915 A-0
N V Bkln it Alan Bch See L
N Y Cent <k H Kiv g 3^8.1997 J-J
121^ 121% Nov'05
120
114
119
114*4 114=4 114 Nov'05
IIS '4
1 24
Oct '05
114 Ji
117*4 Mar'05
113 'a
113 J'ly'04
.107
Oct
L06
85
124
117*4 117*4
105*8 105%
7934 «5 *2
'05
85*4
85
123
117
<fc
113
1
Clear! Bit Coal lst s
J-J
M-K
FA
FA
F-A
F-A
J-J
J-J
J-J
A-O
J-D
4s. 1940 J-J
1
<fc
North
1
102
103*2
121
'03
l'i
vpr'01
19
Nov Of
Jn.-'ii
106
18 *2
J'ly'05
1
jj
22
122
124
119
106
120
99
100
106
IOO*2Nov'oo
97 ;
74
101 a
,VI-.\
tOO" Oct "'05
.
dar'00
105
112
119*2Mai'n5
115%
116
id;
11334 Jan '02
105%
113
116
>
'„
20001 M-K
lst g 5s...1927!a-0
104%....
107^9 ffeb'06
10 1*4 104 v 104
104
103 Oct '05
119%
119%
107*210712
1
;:o4
100s
103
103
102*4
103*2
106%
105%
i'cfe'ireenw l^ake See Erie
Y & liar .See N Y C & Rud
Y Eack &
See D E <fe VV
Y E E & \V See Erie
Y Long Br See Cent ot N J
N'or cfe South lst g5s
N'orl cfe West gen g 6s
1941
1931 M-N
extg6s..l934
New River lst g 6s
193
N cfc Ry 1st con g 4s. 1996
Registered
1990
Div'l lstlcfc gen g48...1944
Pocah cfe C joiiit4s..l941
cfc
W
T lstgug5s
V N E lst gu g 4s
CCcfc
99
10038
91
89
89
83
99 *s
9834
Sale
Sale
s..
91
90
90
lOO^e
*•_.
W
C
B
cfc
Q coll tr 4s
See
Gt Nor
NovM.
Coast Co lst g 5s
194b
ac of Missouri See Mo Pac
Panama lst s fund g4*2S..1917
Sink lund subsidy g 6s.. 1910
Penn Co Guar lst g4*as.l92l
Registered
1921
Guar 3*2S coil trust reg.1937
Guar 3*28 coll tr ser B...1941
Tr Co certif's gu g 3*48.1916
C St L cfe P lst con g Ss.1932
Kegistered
1932
CI cfc P gen gug4*2sser A. '42
Series B
1942
Sories C 3*2S
1943
Series D 3*28
1950
Erie cfe Pitts gu g 3 *2S B.1940
Series C
1940
N cfe C Bdge 2en gn g 4 *-2S 1945
P C C cfe St L gu i *2S A. 1940
Series B guar
1942
194'Series C guar
Series D 4s guar
1945
Series E 3*2 guar g
1949
Series F 4s guar
1953
Pitts Ft
cfc C lst 7s... 19 12
2d7s
1912
'(1912
3d 7s
W
feuu
107
103
133*3133%
132*2 13234
129 J4 129*4
63 100 104 3g
100
loo
91*2
95
108
H)9*2 Feb'05
100%100*-. 100'4 100 'i
94*2 98
109*2 109*3
100 103*2
105
103
Sale
103*4
77
Salt
100
125
132
114
109
F-A
115*2 116
A-O
J-D
10/
'4
98
75%
7
4
106%
7834
7034
-
t
99%102
'05
125
126%
J'ly'93
Dec'o.
114
lu7% lo9
99% 101
9z*2 94
114*2116*2
114
J'neo.'
100*2 Nov'O
94%.
0,-M
103% 10634
Dec'05
Oct
100%
97
10434
105
104*4 Nov'05
7 6 '4
77
76 J'ly'05
100
116
Dec'05
94
117
....
114%Aug'0
112
111
J-J
J-E
A-O
M-N
J-J
J-J
M-S
F-A
M-N
A-O
A-O
117
118
Nov'05
118
113%
....
112% Dec '05
111
115
99
114
100S- 100
Sale 114
Oct
99% 101%
'0;
in
112
J-J
115
116*4
102%10134
104*210434 io4 34Dec'o:
102 Apr '02
IO9" i'09i4 109
109*4
107 34 107 a 4
93 "2 94 *i 93 '. Nov'o5
91
94 '4 93*4
93*4
97*2 38
98
97*3
119
11834 Oct '05
A-O
M-N
103*4 111*4
10 106
106
93% 93%
93-4
94
97
99%
11.% 120
II334
F-A
J.J
J-J
J-J
.
.,
93%
9&%
104
94
103
106*2
112*2
111*4
.12*2
103
Nov'05
114*2
11334
113
105 *2
96S
93
'0.
Marl.-)
:c>7
M-S
Apr';'-,
Dlc'u.
106
109
111*2 Sep '04
107*2
J-D
93 3 Sale
103 sale
103*2
W- 3
12*2
127% Oct
.
IW-N
M N
I
121
119
17
98*3
'01
113*2 IXi
s, J'ne'05
1 12
103*2 103 -.
9 4 Dec'05
112
1
98-2
-.
'Oi
.,
ill%ll3
A-O
98
Jan
Nov
90
98 34 Apr'04
111*9
107*4
103*2 Sale
J-J
J-J
98*2
102
.
A-O
M-N
M-N
F-A
J-D
108*4 Aug'05
9o*2Sale
99
A-O
RK lst real est g4s.l923 MS
Consol gold 5s
1919
Consol gdld 4s
i.
1915
Convertible g 3 *2S
1912
Convertible g 3.!a8
Alleg Val yen nu ^ 4s.. .1942
CI cfc Alar 1st gu g 4*23-19355
D R R K cfc Bge 1st nu 4s g.'SO
Cr R <& I ex 1 st gu B 4 *<js 1941
'O.
'05
108 34ll2
NYC
105
105
107»4....
iq834 Dec'05
131 '« 1323,. loiJ Si Jan 05
131*8
132*2 May'05
129 >
IL934 Nov Ov
101% Sale 101% 102 V
9934 J'ne'04
124*2..
oswego cfe Rome See
O C F cfc St P See C cfe N W
On'rk cfe Cher C 1st gu 5s g.1913 A-O
Apr '02
1
193% 103*,
105% Oct '05
F-A
hio Kiver RR lst g 53.1936
General gold 5s
1937
Ore cfe Cai See So Pac Co
Ore KR cfc Nav see Va Pac
ore Short Line See Un Pac
90
Oct
Sep
103>4l03'<.
U.-F
Nor Wis See O St P M cfe O
Nor cfe Mont See N Y Cent
Olnd cfe W See C C C cfe St L
.<
Gouv<£ Uswelstgugos 1942 J-JJ
Mohcfc Alal 1st rag4s..l991 M-S 105*6 107*4 105
N J J unc B gu lst 4s.. .1930 F-A 102*4
105
N Y<fc Hu lst con era g4s 1993 A-O 101 105 106
131% Apr '03
J-J *100
J-D
W
StPcfe N P gen g 6s. ...1923
Registered certinc's..l923
St Paul cfc Dul lst 5s. ...1931
2d 5s
1917
lst consol gold 4s
1968
Wash Cent lst g4s
1948
Nor Pac Ter Co lst g 6s.. 1933
Nor Ry Cal see So Pac
.
95
A-O
A-O
A-O
Scio
cfe
1939 M-N
North Illinois See Chi cfe N
North Ohio See L Erie cfc
Nor Pac— Prior lien g 4s. .1997
Registered
1997
General lieu gold 3s
a'2047
Registered
a2047
St Paul-Dul Div g 4s
1990
Kegistered
1996
107 J
100
91
F-A
192_ J-J
. .
98*4 100%
93 *v il.
9334 ioo'2
Dec 05
100*8 100
134 100 102*4
10 90
90*2
91
93
3 S8*2 91
87*2
89*2
3 33*4 91*2
89 *2
B9 *2
89
90
90 Nov'05
105% 107
106% Sep 'o..
"12 Alar'04
10
99*2 Sale
123
<fe
—
121»4
I
Beech Cteeklst gug4s.l93o
Registered
1930
2d gu gold 5s
193(
Beech Cr Ext lstg 3*12801951
Cart<fe Ad lst gu g 4S...19S1
1902
13»ac
Morris cfc Essex See Del E cfc \V
^l ash Chat cfc St E lst 7s. 1913
Registered
1997
Deben g 4s
1934
Eake Shore coll g 3>2S...19y<s
Begistereil
199h
Mich Cent coll gS'ss
199h
199.^
Registered
Jan
100
IU51 M-S
Utica& Blk Rtvgug4s.l922 J-J
Chic <fc St E 1 St g 4s. 1937 A-O
Registered
1937 A-0
104*4
Monongahela Uiv See B <fe (J
Mont Cent See St P M cfc Al
Morgan's La cfc T See S P Co
T&
139
I
Sep''05
1
?:?
N V
90
109 34
94
107
106 110
10638 107*2
104*2 108 34
102*4 107
110
ily^
111
104%
10H^...
0-J
10234
99
i'O&H
See N
i23"*i
ifc
f.
10034
106 J4
96 Hj
cfc
lst extension gold 6S..A1927
General gold 4s
1933
Monteom Div lst g 5s. .1947
St L cfc Cairo coli g 4s..el930
Guaranteed g4s
1931
M cfc u coll 4s See Southern
V
7
10038
3434
10334
87
107
89 *4
,
g4s.. 1933
1940
Registered
Improvem't
,\1-S
Sh cfc So lst gu g 5s. 194:-! J-D
Tex & Okla lst gu g 5a.. .1943 Al-S
Missouri Paoilic 3d7s
1900 M-N
lst consol goldOs
1920 M-N
Trust gold 5s stamped. tzl917 .VIKegistered
al917 M-S
lst coll gold 5s
1920 F-A
40-year gold loan 4s
194 M-S
Cent Br Ry lst gu g 4s. 1919 F-A
Leroy&C V A List g 5s 1920 J-J
Pac K oi Mo lst ex g 4s. 1933 F-A
2d extended gold 5s. ..1933 J-J
StL lr AlcfcSgencong5sl931 A-O
Gen con stamp gtdg 5s 1931 A-0
W lst g 5s. 1920
99*-. l''l*4
cfe
97*4 Aug'05
J-l)
Slier
rei gold 4s. .1929
...
Moy'05
1
cfe
114 34 Nov '05
97 Dec '05
:i
102*2 Dec '05
103 Nov'01
<fc
G Div 1st
1931
N
N
W
N
N &
New York New Hav
Haii^
Housatonic R con g 5s. .1937 M-N
137 137
N H <& Derby con cy 5s. 1913 M-K
10834 111% N Y & North See N Y C <& H
120*4 122
N Y O W ret lst g 4s..i/1992 M- S
113*4 113*4
Regis $5,000 only
rvl992 M-S
1183, 117*4 N Y
Put See X Y C <fc'H
95 *a 93
N Y R B See Long Island
98*4 NYS4W See Erie
96
N Y Tex & M See So Pac Co
137 J'ne'05
111*8 Oct '05
102 l4.
102 >2.
M K& Ok lst git 5s
1942 M-N
M K T ot T lst gu g 5s. 1942
cfc
107*2 110
09 *2
99% 103
cfe
J-U
J-D
1944 A1-N
4s.. ..2001
2
loo
cfe
-\
May'00
«
loo
102
1
K W O con Istext5s./tl922 A-0
Oswe B 2d go g 5s...«1915 FA
KW&l/l'i; 181 go - 5s. 191- (Vl-.N
26*4
20*4
94*8" 99 '*2
07>aNov'O5
90 s«J'ly'01
IO8H2
13'5V
Bat C & Stur 1 st gu g 3s. 1 989 J-D
N Y & Harlem g 8*2K...2000!iVl-N
7373 8234
19
11
108
lo7
100
103! M-S
5s
Registered
4s
Registered
J L<fe S 1st g 3*2S
lst g3*.J s
'._.
N
105
cfc
cfc
*2
'4
107
Apr 05
1
107
99
Wa lst gug 5s... 194o .Vl-N
Kan C Pac lst g 4s.. .1990 fc'-A
Mo K K lst gu g os. ..194 A-O
cfe
2
15
J-l;
cfc
1
4
1
I
High No Low High.
102
123
123 h
1
January
.'.uiv
1
V
IstextgoldSs
St L Div lst ret g
V
1
I
1
l
RiVcfc
98 "'4
or
93*^.11,. Oi
Bale' l'Oi„
101
H»0%
1st 7s. 900
Kii A <feu Jilst gac58.1938
Malioii (.-:
1st 5 .. 1934
Range
eetc's
Last sale
Ask
103*2 Sale
LU7
1928 M-8
F-A
J-J
J-J
RK
1'itts Ale.KA S" 1st gn 68.1932 J-J
2d guai 6s
193 J-J
McKeesA li V 1st Bh I'm J-J
Midi Cent lst consol 68.1 909 M-S
M
102*4
96
Dcc'O,
Nov'O:'
103'j
10
A-O
190s J-J
1991)
M
Unified
Debeninr
Is
Del Moil A. Tol
:,
111)
10.3
Alar'O.
98 a4
;
!•«"'!
90'-,
W
Verdi
'.j
7.1
'
AO
<Vj Mont lstgu v 5s. 191 6
Slioro 1st 4s gu... 2301 J-J
Resristered
2801 J-J
Lake Shore gold >m
1997 J-D
RegiHtereri
1397 J-D
113*8 114 "S
116
107
M
Dai
121
*-i
JMC 16
Hid
\V<-.M
I
102
li'-
109
.2k1„132
126*3 128
111'114
I
"3
!
I
H
Vol. lxxii
(T«
Nor
109
.Miiy'05
74-'„ Oct '05
M'h Sep '06
13
Nov'99
101 -„ Dee '05
10H Sep '05
lliO'a
lo.s'„
F-A
Mar'05
I :;!•'.,
131'',
\f
28
joo
i
l/tlj/i
I.(IV)
J Tire
3.2
stock exchange
Wees enoinu dec 16
N i'cvm& h Br—fConctn
y.
Janvani
No
109
IB]
1
SaU
Low
1
Since
<fi;
See N V Cent
Metropolitan El see M;m Ry
Alex Cent consol gold 4a.. 1913
Ls1 consol income g 3s.al939
2d consol income g 3s..al939
Equip cfc coll (told 5s
1819
Coll tr k 'l'^s 1st ser
1807
Mex Internal 1st con g 4s. 1977
Stamped guaranteed
1977
Mex North lst gold 6s
1910
led Cent See N Y Cent
Mid ol JS J See Erie
Mil L S & VV See Cliic <fc N
M il & N oi tli Hee Cli AI c& St 1
Minn cfc .st L lst gold 7s. .1927
Iowa Ex lst gold 7s
I'M)'.
Pacific Ex lst, gold 6s. ..1921
South West Ex lstg 7s. 19 10
lst consol j; old 5s
1934
1st ana refund gold 4s. .194!'
Des Al & Ft D lst ga 4s... '35
M u u cfc St L g u Hee K C K A N
M St P cfc SS Al eong4inigu'3>S S Al cfc A 1 st g 4 int gu 1921
Minn Uii See St P Ai cfcAI
Mo Kan cfc Tex lst g 4s.. .1990
2d sold 4s
#199u
IS
cfc
D
r.mi A-O
648.-1945
KrMSU'led
Mctiopol El 1st g 6s
Man 8 W Uolomz g 5s
McK'pt
.1
La.it
J»>.M).-«
Range
C
-5
I
*
M-N
F-A
0:
97%W)2%
14;
103 '4
102 '4
104*4 Oct '05
.
ul'jlO?
104*4 104*4
110
110% Nov'05
110%.
'05
110%lll*2
HO
103*2.
J.J
106
97*2
Aug
Jan
110
.Hi.SCKLliANEOLS BOA O.s—Continued on Next Page
Coal and Iron
Col F cfc 1 Co gen s t g 5s. .1943
Convertible deb g os
1911
Col C cfc I Dev f:vt 5s g..l9o9
C01 Fuel Co ueu sold 6s. 1919
Gr Kiv Coal cfe C Istg6.sl9l9
Collnduslsl convossrii A. 1934
1st g cfc COll os »u Ser 15.1934
Con tin' talc lst s 1 gu5s 2.195Jen cfc Clear C cfc I Istg5s.l926
192s
2(1 gold 5s
F-A
F-A
J-J
103 34l04
.
94
.vl-N
102
A-O
V A
FA
F-A
J-D
J-D
Kan cfc 11C cfc Clststfe5s.l951 J -J
Pleas Val Coal 1st gs f 5s. 192." J-J
Teun Coal ^<-ii 5s
1951 J-J
ienn Div 1st g Os
«1917 A-O
Birm Div lst consol Os.. 1917 J-J
Cah C M i.'o 1st gn g 68.1922 J -D
De Bar C cfc 1 Co gu g Os. 10 lo F-A
V Iron Coal & Co 1st g 5s. 1949 M-S
*
Noprice Friday;
latest
107
102
76 *4 Sale
75 *4 Sale
103 *2
101 %
99
104
104
90
J'ly'05
*3
li.'O 7b
113%
i
19
T
508
1312
76
m^
s
76
1
io4*2ibT
Oct '00
100 %
Dec '0
112
bidaudasked. a Due Jan tiDueFeb
68
"93% 102"
109%113
110
112=
103
105
30
c
Due
Alar
<i
93*2
93%
90s. Oct '05
J-J
97'
tj-
M-N
109%
104
..
-2..
Union
104*4 ....
104*2....
98
'•
'
1
Dec'o5
10
lo4%
10
9S%
93*3
109% 109*3
109%May'0q
105% 3 i>
1
i.03%
-.j
105
103
Nov'O.
98
96
Dec'O:
Sale
87
87
L05
1
.3
107%
li0*4
J'ly'04
Hanufacturing ct Industrial
Am Cot OU
A
Hide
111
ext4%s
.b 1j lst 8
im
Am
I
l9li Q-F
R
Os.,1919 M-S
98
9S%
A-o
st;
Spirits Allg lst g6S.,1915 .M-S
Thread Est col tr 4s. ..1919 J-.l
19 14, A-O
Tobacco 40-yr g 6s
I02
91
Aiin-r lee SeCiir
Am
93*..
N
T
J Tel gen g 5s. .1920 ,vi-.\
col tr cur 5s. 1938 J-J
Fd aiol real est sr 4%S...1950 ,Vi-.N
Alut On Tel s lund 6s. ..1911 M-N
Northw Tel gu 1 4*us g..l934 J -J
cfc
iVest
112
102
Dec '03
105*4 104 a Oct '05
Sale
92
92
112
1'elesrrn.pli aiid Telephone
Telep cfe Tel coll tr 4s 1329
Coinm Cable Co lst g 48. .2397
lst s 1 g 5s
1918
Alet
cfc
Am
N Y
107 May'97
102 % Oct '03
105 '2 Oct '05
101
90
'04
Wly'Ol
73 %
76*;
73
76
107 % Dec'04
l()o
92
Oct
105%
102
85
deb g
4s.
Due Apr ADuej'ly
Os..
1
9./
1951
/tDiieAu'g
F-A
OS*,
9>'.
87
102% 01%
115% Saie
30% Sale
96*2 101
94 '4 100%
ss
102%
94
17
<"
••.
,
101%
47% 33
93
115*8
11534
tO
82
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q
Due Dec
I
1,
'.
110-4 113*4
71
s Option
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Dec. 10 1906
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4
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10 4 Sep
LO
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109',
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i
n S*TezAMei
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v
lonsoi gold 5s
48. 1931
i
114
'::';
112
b'A
i;i;
A llr.n'in: colls Vs. 1911
fine creek reg guar US...
(
Put-See .nn r.>
Pitts L'leve A" Tol >.. K A o
J.
Ii
118«*
J
Pllllll
D
12o
Ill
Dee'O.
137
....
....
•.
1 1
HI
.Nov!',
114
Pitts ft \\ a Ch utt Peitn Co
—
1
J J
Pitts June 1st itoKIUs
Pitts A 1- Frie '.v. s; 5s...nl9-s A-U
II '•'
Pllt*
Pitts S't A- 1. K 1st fl 5s... 1940 A-O
i '
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KM
si
<
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"i
1943 J-J
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A
15
fl
Oct
1124
Deo'os;
119
199, J-J
4s
st*re.l
it".':
J
J
jersey Lent con u 4s...i96i A O
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Kiel: A Dan see South Ky
A Meok .see aoutheri)
Rio Gr West 4k l)en<t K10Q1
s;
Dee'O:.
J'ly'97
1940
98
>-;
1174121
1144
1U8
103
100
V
11
Sale
Sale
sale
Miiv'O.103:.. 13
'5
198
102^
lo;iV
99 "s
100
100*6 104
MO
8
103
101
98
41
4
4
7S
89
78
91
J -J
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Xov'05
Jan '05
109
76
89
194 J-J
Kutiain: 1st con s 4 4*
t 1. Chain 1st gu4s g.l9ia J-J
1
lOG^
106 4 Oct '05
100
100
93
1014Kov'01
gu g4s...l949 J-J
1st
A- H
See Fere Marq
Ot Jo & Gr lsl 1st a 4s... 194".
St Law Ac Adliou 1st g 58.1996
99
96
^a;: lu?
94
J-J
944
94 14
51
2d mild 6s Class C
I90i.
M-N
1931
General gold 6s
1931
General gout 6s
KK COUS g 4S..'90
(St L As S F
Southw Div 1st g 5s. .1947
Refunding g 4s
1961
0-year ^oltl uotes 4 4.. 190a
il cou a 6s. .192a
K C
S Ac
K G Ft siilKj ref g 48 1936
KCdt M KA Blst gu 58.1929
St Louis So See Illinois Cent
J-J
J-J
J-J
115 4
102
J-J
87
95
J-D
MS
86% Sale
i
98 4 Sep
1024 Aug'05
4
a7
88
95 Dec '05
125 Aug'05
»74
863a
•84 1004
19l>:; J-J
1933 J-J
J-J
Kegistereo.
....1933 J-J
1910 M-N
Dakota ext gold 68
1937 J-D
Jlout ext 1st gold 4s
Kejristered
1937 J-D
lsi cousol gold 6s
Registered
to gold 4 "as. .1933
87 4
10734 110
139 "4 140
12441264
H6»8
21
80% 844
107^8 113
4
102 38
1922
let g 6s
193"
1st gu g 6s
193
Kefcislereu
lsl guar gold 5s
193
Will
S V 1st gold 5s. .193c
St P A; A or Pac see A or Pac
J-J
J-J
J-J
136 7a
1364seu
U9 '4l20
J -J
A
&
A
See ao Pac Co
os. 1919
H t dc S P 1st sink
?av V & West See Atl Coast L
Scioto V'ai A N L See Sol Ac V\
Seaboaru alt Line g 4s ...195U
Coll tr ielund a 5s
1911
Car Cent 1st con g 4a.. .1949
Pla Cen A; Pen 1st g 5s. 191s
1st land gr ext g 5s. ..1931'
Consol gold 58
1943
Ga Ac Aia Ky 1st con 5s 01945
Ga Car Ac >.' o 1st gu g 5s 1929
<fc
'05
1094.
1093sDec'05
109^4
110
A. if
:.'
1
J-J
A-O
«1-U
J-J
J -J
J-J
J-J
J-J
J-J
8eab <fc KoalstSs
1920 J -J
aher shr & So See JIK4 1
ail ap uca Ac (i see Atl Coast L
Sod Bay A; So 1st g 5s
1924 J-J
So Car Ac Ga See Southern
So Pac Co— RR 1st ref 48.1955 J-J
Gold 48 (Cent Pac coll)./cl949 J-D
fcl94fa
J-J
t-A
Cent Pac
194'.' b'-A
Reins tered
Mort tuar eold 3^.s..A:192'.' J-D
A-O
Throujgh at L 1st gu
)al Hal Ac a A 1st gtfs..l91u FA
!
Mez
1931
Gila Vi.Tdi: N 1st gu g5s.l 9^1
- K A
I 1st g §8.193:
193.;
uar 5s red
D A; 1 V 1st K 5s Hit ^u.
Uonaol
iar.,,1912
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Ac
.
894
l
-
W
-
-
102
97 4 Sale
94 Sale
W div
acoA N
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j
964
'03
94
97 4
94 4
94
May'o.-j
10/4
lol', Sale
101
•154
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lOl^
99 4 Mar'03
87
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Dec '05
.
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110
',
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120
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85
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111
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84
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ill
98
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108
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110 Dec '04
114 4 J'ly 'o5
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110
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113=8
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7 125
h
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115
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114
97 34
97
1164
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1114Apr'05
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109
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109 4.
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122'.
122
100 Nov '05
112 4 112 s,
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116
116
114 4 116
111
1064
109 34 Sep '05
98
93
'05
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913a
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111 1124 112f> Nov'05
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106 Sale 106
foes
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1054 Dec 05
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4
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112414534
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123 34 127 4
120 4 11 117 4120 4
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sale
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9<$ia
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96
96
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103
103'-'4
Aug'05
1034104=8
112
ill
no
111
10 4 sale
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1
Nov'O
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76
102
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1
4
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sale
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109
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95
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118
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; 68.. 1923
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Due
N'mv
(Option Sale
CHICAGO STOCK EXO EI AY.IE-Stock
STOCKS— h KIHLsl AND LOWEST HALK
Morutn
Dec 11
Saturday
Dec o
Thursday
Dec 14
Wednesday
Dec lit
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v
i/
Dec 12
PlilChs
Lriiin
Record-Daily, Weekly and Yearly
STOCKS
CHICAGO STOCK
EXCHANGE
,/
Dec 15
Range
hales
11
lor
Year
Kange
1905
01 Vie
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100
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161
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100
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64
14 H Apr 25
8 34 Dec 1
3S2 Jan
60 Jan 25 73 S2 Apr 25 31i4 Jan
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125 Feb21 134 Dec 15 115'4 Jan
24
38 Jan 19 5934 Sep 18
19 Jut
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7 S2
Masonic Temple
M11& Chic Brew'g
47H-
Oct
Oct
2^2
6234 64>4
62 14
63
63
*113>4 114*4 •113Hi
113*4 116
78
77 H, 77 4 76
77W
•116 120
1154115H '117
Last sale
11
100
J'ne'04
.9
47
Last Sale
Last Sale
Ice... 100
'05
'06
64^2 National Biscuit,
IHS2
Do pref
19 Sep 20 23 Oct 6
62 34 Augl6 65 4 Apr 3
38 11034 Augl7 120Ja Marie
482 41 Jan 25 80 Nov23
15 110 Jan 5 120 J'nel9
534 Mayl9
5 Apr 20
L<fc
20
Apr
Nov
36
Jan
7,83.i
100
100
100
100
77 H National Carbon
119
Do pref
May'05 Page Woven Wire Fence
Last Sale 101H J'ne'05 People's Gas
Pnllman Co
42
:>
99 58 Mayl8 11034 Apr 8
C'kelOO
100
Nat St'k YdslOO
Swift&Co
100
The Quaker Oats Co. 100
100
Do pref
Un Stock Yds(So Om)100
Union Bag & P Co. ..100
100
Do pret
Unit'd Box Bd & P ColOO
1 34
9
Feb
Jan
Dec
_
Nor
Aug
44SiMar27 48»3Augl4
2>4 0ct 18
2 Jan 30
175
Oct
'1 ..'.iii
Sep
58SjDec
25
99 ia Jan 11 6 H Nov
25i4 .Mai 46 H Dec
96 Jan 120 Sep
98 s8 Feb 110
4
-Nov
Sj
Nov
S:
Jan
;
St Louis
103
*104
102 Ha 103
'150 160
104 104
103
105
*
10234 I03I4 102 Ha 10234 •101142:103
'150 155
•150 160
160 160
104 Si 103H103V 104 104
LastSale
2
1414
*38
2
14is
14
14 '4
39
38Sa
38H
2
2
*2
'38
14Hi
39
14 H
39
•2
2H
14^
39
2
2 Hi
141s
2
160
104
Dec '04
10 s9
2
1334
•39
4>
14
39*4
14
3914
102
101
150
104
2
B.ONDS
Trice
Tr'uiay
Dec 15
Hid
Asi<
Mange
January
High. No.
Amer Biscuit os
1910 F-A
Amer Strawboard Ist6s..l9ll J-J H00 .... 100 S2 J'ly '05
Cass Are
F G(StL) 5s. 1912 J- i 102 H lOSSj 1025gDec'05
Cluccfe
J-D
J-D
....
59>i
J-J $103
103Si
A-O
F-A
A-O
100
J-J
M-N
M-S
M-S
J-D
M-N
A-O
80
98
80 '4 "so"
105H106
$94
i-<5
100
Continental National..
L'ook Co State Savings
Corn Exchange Nat...
Drexel State
Drovers Dep National
First National
50
66 Si
103 'g 104 Si
15 103=8 104*4
99
ia
100
99 H
81
68
1
79 Nov'04
80 Apr '01
105 78 106
lOSSalOS^
94
Nov'05
99*4 100-8
9334
9934
99
16
94 14 Sale
94 '4
Sale
88 34
8 8*4
Nat Englewood..
Foreman BrosB'k'gco
Fort Dearborn Nat..
First
"
"so"
99 Hi 94
97
97
99
May'05
94 '4
4
10
94
86
90
88
8834
Dec'o.
94
95 Nov'05
*92
A-O $72
M-N +90
89 Aug'05
94 1«
9414 Sale
M-S
94 '4
90ia
M-N
90 Sj Dec '05
J-D lOOHs. ... 100S?Sep'05
M-S
99 34 Dec '05
99 Si
F-A 99ia
99 ia Nov'05
M-N $99 78
100 Sep '05
M-N 100
100 Aug'05
1st 6s. 1943 A-O
123 S. 123H J'ue'05
98
11
9734 Dec '05
98
Feb
J-J
J-J
Bankers National
Calumet National
Chicago City
Chicago National
Chicago Savings
Jommercial National..
10034 Nov'04
t
J-J
F-A
J-J
104 May'05
103 Apr'04
58 Dec '05
104 Si J'ne'05
103 56 103\
100 Oct '05
Low High,
100H
J-J
MilElec K,y 5s ....1919 J-J
Chic Pneum Tool 1st 5s .ol921
Chic Rock I & Pac EK 4s. 2002
Collat Trust g- 5s
1913
Common-wealth Elect 5s. 61943
Illinois Tunnel 5s
1928
Kans City Ky& L,tCo5s.l91o
Knickerbocker Ice 1st 5s. 1928
Lake street El 1st 5s
1928
Income 5s
192,;
Metr Vt Side El 1st 4s
1938
Extension g 4s
1938
North Chic St 1st 5s
1906
1st 5s
1909
Refunding g 4Hs
1931
No Chic City Stltv 4HS.1927
North West'n El 1st 4S...1911
Ogden Gas 5s
1945
Pearsons-Taft 5s
1916
BBB
4-40s
1920
4-40s Series C
4-60s Series E
102
J-J
1
99 Ha 101 M
102»s 103 4
103 104
<fe
Chic Board ol Trade 4s ...1927
Chic Consoi Br & Mlt6s
Cliic ('onsol Trac4Hs
1939
Chic Edison debent 6s
1913
1st gold 5s
A1926
Chic Autlitorium 1st 5s. ..1929
Chic Dock Co lst4s
1929
Chic EquitGas 6s
1905
'89*'
IS
Hamilton National ..
Hibernian B'k'g Ass'n
Home Savings
.Manufacturers Bank..
Sa
98
100
16
Milwaukee Ave
Sj
Nat Bank of Republic.
National Live Stock...
North Side State Sav..
Oakland National
Peoples Trust & Sav ..
Prairie National
!i6 Sj
90ia
100
99 4
Prairie State
"95"
Pullman Loan & Sav..
South Chicago Savings
93 14
88
9534
96Sa
IOOS2 100 H
99
99 Sa
99 Sa
100
99
State.
Bank of Chicago.
Stock Yards Savings ..
State
Union Bank
Union Slock Yds State
7
s
99*4
100
4-80.S SeriesF
100*4 Amer Trust <fe Savgs..
People'sGas
12314 123*4 Central Trust Co of 111
Refunding g 5s
1947 M-S
IO6I4 106 Si Oct '05
105 Sa 107^8 Citizens' Tr <fc Sav Bk.
Clue Gas Lt& C 1st 5s. .1937 J-J
108 Si 108
1073., 108 58
colonial Trust & Sav..
108
Consumers' Gas 1st 5s.. 1936 J-D
106 Sa 107 Sa Drovers Trust & Sav.
107H 106 H Nov'05
7
South Side Elev 4 Sis
1924 J-J 103 3g Sale 103% 103S2
102*4 104 8 Equitable Trust Co
Swift & Co 1st g 5s
1914 J-J 103
102ia 103»6 Federal Trust & Sav..
103 Sj Dec '05
Union El (Loop) 5s
1945 A-O 105 Sale 105
105 107
First Trust & Savings
105
Union Pacific conv 4s
1911 M-N
114 Nov'04
Illinois Trust & Sav..
1910 M-S
U S Brewing 5s
81 J'ly '04
Jackson Trust & Sav..
U s steel Corp 2d 5s
cl963 M-N
88 Nov'04
Kenwood Tr & Savings
WestChicStlst5s
1928 M-N 100 S2 Sale 100*8 100H
90 Wj lot's Merchants' L'ni&Tr Co
Tunnel 1st 5s
1909 F-A
OS S> Sep '05
M etropolitan Tr & Sav
60
OSS..
80
Debent 6s
1914 J-D "85"
90 Feb '05
no
Northern Trust Co Bk
so
Consoi g 5s
86 S: 85 Dec '1 '5
1936 M-N
90*8 Royal Trust Co
75
West DivCity Ry 4^>s..l932 J-J
98
97 Sj Nov'05
Union Trust Co
88
98
VVcst'rn stone Co 5-20 5s. 1909 A-O
98 Oct '05
Western Trust & Sav.
98
98
Note— Accrued interest mus t be added to all Chic ago bo ml price s.
Woodlawn Tr<feSav Bk
Aiso paid 12"6 in Dec, 1903, in stock of First Crust A Savings Bauic.
1 nsludes special dividen
* Bid and asked prices; no sales were made ou this day.
$ No price Friday latest nrice this week,
a Due Dec. 31,
6 Due June.
cDue April. A Due July, ft Capital and a sirpiua to be increase
L&C
||
080
1 38 J'ly 25
8 Aug 10
2,542
75
23
Feb 15
OutstandSurplus <£
ing
fronts
Slock
NAME
Since
or
Last Sale
Low
S2
Nov
6
5
4
99 7 8 Apr 116
35 34 j'ne 47
75 J'ne 87
2S2Apr
3
3
1534 Oct 2
41 Aug21
Oct
'4
7
J'ly
J'ly
14
Nov
lOSgDec
-
1
se
2
Nov
Jan
Dec
Chicago Banks and Trust Oomnanies
Week's
Eange
Jan
Dec
7
14 ',
Do pref
100
Western Stone
100
40
This is new stock.
t
Chicago Bond Eecord
ch icago stock exch'ge
Wkkk Eniiixg Dec 15
910 101 Dec 15 114
46 Jan 25 165
86SjJan 4 109
201
324
t
",|
;
I.
Ltn.r.-
In
iyod
In
iyu4
2,000,000 ^1,065 ,468
100,000
31 .37
183 ,110 13
200,000
8+5
1,000,000 1 ,4 19 ,esi
15
12+3
ft 6:1 ,807
ft 500,000
2,000,000 1.745 ,086 12
12
3,000,000 1.16 J ,403
8
8
3 ,122
6
50,000
6
3,000,000 3,620 ,025
12
12
16 ,409
200,000
6
6
289 ,874
600,000
8
8
8,000,000 6,036 ,230 ||12
12
100,000
121 4.46
10
6+1
500,000
624 ,oi5 Pnv ate Ba
230 525
1,000,000
6
6
500,000
15 4 2b2
3,,1,000,000 1,07 8
"s
"s
100,000
187, 913
10
10
200,000
13, 251
274, 993 "e
250,000
"tt
2,000,000
998, 598
6
6
15
1,000,000 1, 320 926
12+3
50,000
5; 725
6
"«"
50, 471
50.000
6
200,000
24, 171
New Bank
250,000
61, 1S5
"*8
250,000
88, 0",S
1,33
171. 135
300,000
8
8
200,000
37, 066
5
1,000,000
665, 406
6
250,0(10
111, 882
200,000
23. 651 Began Mayl
200.0JJO
26, 692
3,000,000
2,000,000
2,0-4,288
937,29.
200,00(1
200,000
01
30^
635.88'J
Last Taid
io.j
V-J 'et
Jan 'an
•o:>.
J-J
'05,
J'ly
Q-J Dct
Q-J •->ct
Q-J Jan
Q-J let
3-3 Oct
y-J let
y-J Oct
!
8
4
05, 3
Vi.3,'3""
'05, 2
•05, lSa
!
06, 3
ISa
05, 2
'06,
'05.
'05.
3
'05,
ISa
2Sj
nk
Q-J Oct
J-J J'ly
J-J fly
Q-F Nor
J-J
y-J
CJ-J
h
J'ly
.Jit
Oct
Oct
J'ly
J-J Oct
Q-J Oct
Q-J Oct
Q-J Oct
05, 4
'05, 5
'
1
5,
'05,
'05,
'05,
3
IS,
3
IH
'05,
'05,
3
'05. 2
'05, 2
'05, 1
'05, 2
llH
New Bank
6
7
Q-J
let
Q-J Oct
4
New b ank...
Q-J Oct
5
5
Q-J Oct
6
6
M-S Sep
8
8
Sav,
hAm. Tru^t
1
600,000
527,434
200,000
51,465
500,000
527,687
2,000,000 Merged wi
1,000,000
918,813
ie"
12+4
4,000.000 6,498,233
250,000
82,978
200,000
18,224 Began Jan 3,
12
12
3,000,000 3.667,171
6
6
750,000
255,296
8
8
1,500.000 1.715,182
6
6
500,000
462,011
1,000,000
1,000,000
Per-
"6
&
Q-J Oct
'05. 2
'05, 1*4
'05,
'05,
'05,
li*
ISa
5
Bank
'05, 3
i'yo
Q-J Oct
J-J
ly
y-J Oct
F-A Aug
•05. 3
'05, 3
'05, 2
^05, .;
Q-J Oct" "'dK/i'a
20,015 Began Mayl, 190 5.
200.701
declared Aug. 10, 19J1.
6
—
.
Dec.
THE
L905
ltJ
—
Business at Stock Exoliauges
ot
m
i'ui«aiortnM» Ai
DAILY.
-
Sfl'llfl
Stock*
Dec
17,300
1,926,
Tuesday
Wednesday
1.70
Ituirsday
Irntay
1,806,032
:i'>.
».',">
i
12.800
at* ,iuu
ii
(If
.-i
)
January
Dec IS
to
I
1904
1
7.340,002
247,627,967
L79377.272
9.141.350
822,978,879,150 pla,697, 109,200
(860,035.075 hwo.s i
$827,000
9500
£693,800
$14,000
par..
Bank Mums,
BONDS
Total bonds
»17,;:
DAILY rHANbAOi.TO.N»
$990,569,455
UOSTON AND
ITlli
.U'
Listed
shares
inesuay
Thursday...
Friday
c
Bond
shares
Total
LAD LLPH1A
I
Bond
Unlisted
shares
sales
3101,000
L7.000
27.000
10,000
25.100
15,316
33,768
25,758
16,018
25,940
29,584
9.442
31,030
24,644
12,815
13.836
86,600
08,150
87,700
123.U00
$135,000
145,371
107,594
$507,450
S22.00U
28,500
17.594
25. .'77
-
48.290
37.486
.-.-.n
r
560,054
Brooklyn F^erry stocklOO
101,001)
15,821
BA NY 1st Os 19.ll.J-J
XA EB Ferry stk. 100
N
N
104
7o
90
M-N
1st 5a 1922
Wee'clv Review of Outside
NY& SoBlyknF'eiTy&Si
Tranap 1st 5a 1900M-N
<fe 23d Sta Ferry 100
lat mort 5a 1919. ..J-D
Union Eerry atock .100
M-N
Ulat5al920
98
40
1i
Market will be lound on a preceding page.
92
28
95
dCred lluilwnys
NEW VOKK
Ask
Bid
CITY
F stk 100
Street Railways
1
'
37 >a
84
90
80
New4"-2S
fSorip 5s 1914 ....K-A
venae
stk. lot
0s 1914
1, scrip
F-A
Pub Serv Corp
390
MA
05
St N AV..100
1 1st mort
0s 1910 .M-S 100
05
.. income
0s 1015 J-J
S
Interboreuuii Lap FT. 100 221
Lex at A l^v if OB .stes' k Lxc
Ketropol Securities see Stk 1
Metropol Street By See stk b.
N.L ': Avenue slock. 100 185
.
205
1st niort os 1009 M-JN }102
5- 1948.... T-A J113
Conaol
tl Avenue sloek 100
Sou Boulev 5s 1945. .J-J }102
So Per 1st 5s 1919. ..A-O
Thinl Avenue see .stock KlCll
TA
5s 192a ',105
Tarry
S kersSl R R 5s 1946A-0 ;loo
2sl.. ds 29tll = ls 1st 5s 'be till
Dwei iy-1 dSt st* lot. 3i 5
J-J
100
Deb 5s 1900
Union By 1st 5s 1942 P-A }110
*
.
I
M
W
•
V»
estcheat 1st 5s '43 J J
ao«
See
V
Tt
110
360
121
209
185
Coll trust 5s gold notes
ctis 2"
1909 optional
M -N
J ersey St By lOu
M-N
1948
Nortn
1st 4s
Cons Trao o£ N J.. . 100
1st 5s 1933
J-D
New'k Pas By 5s '30J-J
Bapid Tran St By.. 100
1815s 1921
A-O
J O Hobi&Patersonloo
list
M-N
48 % 1949
So J Gas £1 <fc Trao 100
Gu ^'5s 1953
M-S
405
85
109
No Hud Oo By 0sT4JJ
-5
'
Second Avenue stockloo
N
of
J100
to O u o perpet
list
105
B"ystk..l0(
i
Nortli Chic street
114
102
100
110
100
3»7
100
Preferred
34
98
245
107
5s 1928
J-J
Kst 5s 1924
M-S
Pat City con 6s '31. J-D
2d 6s
1914 optA-O
lie Ll (Ohio)
See O
222
list
K 118!
x list
Syracuse Rap iT5s 1946
Trent p.ui 5s 1943 j-d
United Rys ol StL—
Com vot tr ctla
100
195
210
103
lie
SITU'-.
100
109
i'reieired
100
»en 4s 1934.....S'ee Stk
UnitRysSar.Fran .SeeStk
"
Wasli Ky& El OO....100
100
Preferred
4s 1951
J-D
West UlUOMKOSt
100
-M-7s
VOou g 5s 1930
list
108
no
113
no
',,
101
112
112
Has
$
.NEW
.
loo
239
1st consul 5s 1948. .J-J
1U2
Brooklyn Oily stock. ..10
Con 5s See stock Lxcli list
BklnOTosslu 5s 190S.J-J 102
Bkn Hgts 1st 5s 1941 A-O 104
Biun QCoA sub See Stk Lxcli
BkJyn Bap Iran See Stk Lxeli
^Coney Is. ABkJyn ..100 2b0
1st cons g 4s 1948. .JJ
97
BrkC A N 5s 1939. J-J 112
GratANuw lstos'oo F-a BO'S
ALonmer
NVi
241
Gas—
Last Kiver
1st 5s 1944
Conaol 5a 1945
N Y&Blchmoud
108
Nor Un
list
J
-J
J-J
Gas.100
1927.M-N
1st 5s
standard Gas coin ..100
• t'K-ferre.l
lou
M-N
1st 5a 1930
'
100
101
lioago
loo
t
4
1
*
l
\
18
17
H
>
s
38
12
Lu r-j
3
r
1
.
31
1
.1 i
.'s
-
3
1
7
t
'-2
1
230
J
10
25
30
894
87
96
05
1
•1
.'
W\
1
1-
:
(U; St
1
2
11 3
A.O }106
See O bicajto
Ry..l00
Prelerrec
Dili
Colnni Ry con 6a See PI:
Crosai'wn lat5a'33.J-D
Grand i'.apida Ry
100
Preierre.:
100
Lakr
ti
see C
liLouiMV St 5s 1930..JdfcJ
L
>-,
'
.
100
108
-.
$Buyer paya aecrued mterest.
1
1
1
Qdians
p'
L06«s
;,
s
100
173
10
list
1
.s .ii
1
,.
68
60
Preferred
LOU
Central Foundry
loo
Preferred
LOU
Del) Os 1919 Op 'ol.M-.N
7
ntrai Leather
'1
Sti
Century Bealty
104
loj
.us
CousoLlri
1
96
:
rl
Preferred
'
lits.
(
!ar
Cons Finn
Preferred
'Now York Dock
100
Preferred
loo
N Y Transportation...'.:!
.cr.vdlv.
tNow
.
x
Preferred
1
14«*
115
105
140
504
71»«
13
3 l4
28
27
7
1-
"a
16
99
103
103
125
108
135
45
37
102 h
31
4
344
77
SO
r.'-j-.
03,
f
197
7
I '4
i
63
L10
L07
Phoenix Securities
3*4
3
Pittsburg Brewing
Preferred
Pittsburg Coal See £
50
.'
5U
t
20',
1
40
264
'-,
Exch
list
70
75
IS
loo
Pope Manufaoturing.loO
lat preferred
100
100
YVhitn pref. .loo
2d preferred.
Pratt
A
J
Russell A Erwin
26
Safety Oar Heat
Lt loo
Singer Mtg Co
100
5
100
100
110
Realty Asaoc (Bklyn)loo
Royal BakPowd pret.loo
113
ol
03
300 320
A
040 001)
38
45
Standard OouplercomlOO
Prel erred
100 120
Standard Milling Co. lou
13^ 15
41
43
Preterred
100
t
81
5s
N
Standard oil of
Storage Power
062
J. .100
50
A Co See Boston St It
1st 5s 1910-1914. ...J-J $10-'
Teuneaaee Copper
25
IjTexas A Pacilic Coal 100
1st Os L908
A-o
Title Ins Co of N Y..10U
Tonapah Min (Nevada). 1
Trenton Potteries comloo
Preferred new ....100
Trow Directory new. .loo
u s steel
(
'01
i
Col tral 6s
if 6a
''
s
48
80
a 05
110
L88
14
L91
1
L9 1
loo
1".
l'a
r
,
1174
112
114
07^
91
list
1
J113
lit
114
125
7
.
6
E ct'r.100
1
.
.
LOO
Preferred
Ilsl
1
itle
A M011 Quai
ii'i'i M
K
1
'
.,1
HUM-.
r2H
155
1
3
ill
1
\\
2
ii'.
LOO
100
LOO
100
100
opt '11
not op'-
1
eraal Pire
1
144
21
103
65
82
GtuA Lnden
lit
105
70
47
t
"iiii.
'•>
iol 11
82
085
h
4
Exi u'ge
r
Swill
(
;
81
190
9
t
t
3
1st)
1
109
3*
loo
loo
loo
IjOntario silver
Otis Elevator com
list
1
9
52
9 "4
O^
^Preferred
20^ U S Hub 2d pi MaStook
8'J
E
73
-i
Am
Preferred
u s. Casualty
u s Envelope com.
4
38>a
110
1st. preferred
2d preferred
20
72
l
13>4
34
82
l
Nil es-Bem't- Pond iif.ioo
Nor
Lum'r A PulplOl
h
60
105
100
'-!
9V
',
J.J
ReatlDf; LOO
1
Vq
30
12
N Y.MlveA Security. 10'
L38
26 "a
:o.
104
85
110
90
Mosler Safe Oo
10.0
of Cuba
100
National Surety
100
21
I New Central Coal
M-.N Y Biscuit Os 1911.
181)
1
102
6^.
Nat Bank
1
Oomproased Air
110
30
f
1130
ineaebrougb Mia Co 100 440
City Investing !o
108
'.cialliutll B)com
loo 110'v
st prefei red
1
100
86
'
2d preferred
loo
98
Industrial. 8«aSto< k El
coi a Hook oalA 1 pi Lou
63
1st g 5s 10 17
i
t
United Copper
L6
81
13
108
5
Mont A Boston Conaol .5
Mortgage Bond Co... loo
d
3
75
125
130
Stk
80
i
20
200
10
Coal. .50
50
Union Copper
LI
Mis Union Typewr com.. 100
ho
o
M onongahela B
1
62
>102
100 107
•
.
Mine Securities
Mitchell Mining
9>,
8*8
<
U'.i
—
las
,v
r
Casein Oo of Am com..
Preferred
10
Casualty Co of America
Celluloid Co
loo
Cent Fireworks com. loo
(
90
276
127
1st
18"
Price
i
iji.md Rapids <»iia
• 1st 5s 1915
Hudson Co
list
|
LOO
odaos ..is LOO
..JJ
D Co. .100
•
ii.-:
3
I
122
J-D ;110
Lol*
ll
1
1
Oi-th <>ai Li <Jo..
dc
G
Camden Land
1
5s 1038
Detroit City Gas.
llos 111'
i 112
<fc
list
lol
ila
tl
'
1
.)
iiiii<-rs'
i 1
,
Copper
34
1-
t
1|
.
Deb Os 1917
Chicago Oily Ry
12
32
41
1
,
OTHEB CITIES
Light ds Tract. LOO
1
Buffalo Street By—
1st conaol 5s 1931.. F-A
91^
liat
Alb A Suaq 40yr 3 "28 cts $117
Ohio Peo A St L pref.loo
3
Deposited atock
3
Undepoaited atock
Prior lien g 4 W30M&S 100
90
Con nitg g 6s 1930. J AJ
15
income 5a 1930
British Col
Kings Oo. Elevated—
Columbus
J
'4
;-;.,'.,
72
01
Preferred
70
92
Col tr deb4>al922op'07
-.
109 '_ International Salt
101
7 1
111
1st g5sl951
r.
108
International Silver, loo
47
Preferred
LOI
101
1st Os 1948
J-D 3107
79
00
Lackawanna Steel. ..loo
14
95
Lanston Monotype
20
30
Lawyers .Mort lnaur.100 185
46
96
JLeh A Wilkeab Coal. 50
Lord A Taylor
100 114
102
Preferred
loo
Lorillard (P) pref ...100 130
119
Mack iv Oompaniea ..10o 50
71
Preferred
lot.
10
4^2 Madison Su. Garden. .100
Z5
4
2d Oa 1919
M-N
10
109
liManhatt Beach Co.100
3
9 2 H; Manhattan Transit
20
Mex Nat Construe. pllOO 13
109 112
00 >2 07 "a IIEort Worth A Denver
73>2 70
City stamped
100
«9534 96 l4 Northern Securities.. 100
27
275 30o""
Stubs
70^ Pitts BessALE
37
50 r 31
i 75 >a
82
83
Preferred
77
50 r 74
Seaboard Air Line
8108 109
114^2
Coll tr5a 1907 op. ..M-S 100
101
U13H2
240 250
SeaboardOo.... See Bait Exch list
90
Va A Southwestern. .100 60
U08
20
74 14 75
i
Industrial and lUisccI
121
125
$102 103
Alliance Bealty
124
100
5112
110
91
Amer Bank Note Oo. 50 90
9'UO 113 American Can com... 100
9*4
100
8104
08 -8 09'(,
Preferred
loo
5122
American Chicle Co.. 100 158 164
103
a 00
Preferred
loo 100
tiicago list
Am Graphophone coni.lt t 478 0'4
109
}108
9 *
Preferred
8's
10 t
{103
105
Am ice Sec unties
Sec Stk E xlist
Am Malting Os 19 1 4. J-D 104 105^
34 h 3i 7H American Nickel
l^
18«
10 t
84 Se Amer Press Assoc'n.100 100 105
84
Exch list
2
4
Am Soda Foun com. .100
Kxcli liat
eo
60
1st preferred
100
4312
12
7
2d preferred
'a
100
8 's
American Surety
50 190
88 >s 89
34,
American Thread pref..5
4H
00
58
Am Tobacco (uewi com.. 470 430
85
Exch list
06^
Pretd
See Stock
4a and 6a
See Stk Exch liat
35
40
Typefo'rs com.. .100
98 101
Preferred
100
5 '4
4 34
Amer Writing Paper. 100
32
32 hi
H07 L09
Preferred
100
k Exc h list
90
90 "fl
5s 1919
J.J
Exch list
Arizona Con Mining... 50 t
205
Baldomcro Mining
2
1
5
25
18
liBarneyA Sin Oar ...100
$108 no
100 128
Tl Preferred
Bethl'm Steel Corp. ..100
32 4 33 14
$110 >v lWa
Preferred
89
90
100
110
$107
Coll.tr. g.s.t. Os 1914....
103
4 2
Bliss Company com
>o
108
162
.;.>
107
}104
140
Preferred
50
130
150
lioudd: MtgOnar
400 410
100
155
170
Borden's Oond Milk.. 100 173
170
112
109
110
Preferred
loo 114
st 1st 0s 102
120
Amer
1949 See Stock Lxcli list
100 104>j
1st 4a
Prelerred
S
loo
Nassau Eiec pre!
Bay State Gas
75
60
18
A-O 110 113
5s 19-14
liinghamton Gas 5s 1988 4U8
1st Is 1951
See St k Ex< Ii lis: Brooklyn Union (Ma deb
N VTOgA K;atlHtex44* 101 101
6a 1909 txinv '07. ..M-S 100
Hteinway 1st Os 1922.J J 4117 120
BaffaioClty QaastooklOO
Exch
1st 5s 1947
Conaol hu of N
OTUEU CITIES
J-J J 92
1930
l»t 6a
Gr"pt
3$^
Am
.Securities
YOKK
Cent Union Gaa 1st 5s...
Con Gas (N V) stk. See St
BROOKLYN
Oonv deb 6a ctta .SVeStk
103 \ r Mutual Gas
100
Allan Ave 5a 1909. .A-0 5101
A-O 1 1 1 K 113^ New Amsterdam Gas—
Con 5a g 1931
BBiWLis 1933. .A-O
Ask
112
A B—
1st gold 5s 1932... J-D
It
Bid
LynnA Boa 1st 5a '24. J-D iiwh
New Orl Rya& Lisht.100
32
Bieeck St A l^ul
94
lit mort 4s 1950 ..J-J
IJB'y A 7th Ave stk ..100 240
VAi mort 5s 1914 ...J-J 104
Con 5s 1943 See Stock t.Xl'.;
B'v..:y Sari 1st 5s gu 1924 no«
340
t'l Crosst'n sik..loo
LSI M OS 1922 ...M-N 4117
205
^iljeu PkN <fc L K stk. 100
flCnr't'rA loth si stk loo 175
Cold; 9tll Ave os See Stock Lxcb
42d St
36
76
66
r
Kailroad
& urSt
7
1
Y A Hob con 5s'40.J-D 5 108 Hi
Hob Fy 1st 5s 1940 M-N $109
N Y<& N J 1st 5s 1940. J-J iioi
Outside Securities
A.
'1
10
luternat'lBankingColDO
fnt'n'i .Merc Marine. 100
6
4Si
10th
Dry D L B
.O'-J
lo.i
144
'id
Ms
Listed
shares
sales
I
81
1'H
Philadelphia
I
57,225
96.22C
81.275
30,58*
10 ,891
...
Tuesday
A
12'-.
1
'
EXCHANGES
Boston
fluting
Dec IS
lyos
w
(684,180
21,920,076
978,986,300
J987.937.170
1,651,500
16,704.800
Ru. and mis. bonds
Bl.125.620
201,318,960
785.494.600
34,500
3478,800
26,074,900
(10,000
onrta
Saturday
Holiday
'-.
(
olovet nineut bonds
1
69
loj
I
$10,000
-—.Nil allure?
nna
18 h
•
1
Pat
'
I
Dte 15
1905
1904
1006
B
ins' siuv. 1.11 in.
I
v Stock
Sseohonge
',"
11
1
'
1,000
1,000
$15,704,800 81,661,500
y
ii
$2,000
403,500
185,000
2.715,800
3,335,700
9.041.360 E860.U
10..
-'I
1
30
l~
COIH
im
ASIC
iPi
'
.
ilil.ue
1
".V.oiio
2,t586.0UO
'.'.•.'tin
1,382,19'
Total
i\en
162,5
Hoinl.t
$1"
205,000
«1 .247,000
1,902,000
2.810.300
H77.424.700
608,123
Monday
\, .-I'.-.
10
'ci uolble steel
98
Lou
40
mo
steri cu
30
Cuban os 01 L898
Madl» n ii:ist»s 1921'.. A-O $100 1111
JJDlsinond .Match Co. 100
Nmvark Qaa 6« L944.Q-J }186 137
Dominion ( lopper
91
92
Dominion seounttea. LOU
Newark Conaol Gas. .100
.is Copper
w-D $110^ 111'-.
g 5s 1948
6
HC011
Electl Ic Boat
No Unison L 11 it Pow —
LOO
joo
A-O $108
Prefei red
6s 1938
3
a [ndC Nat A 111 .100
6
Electric Lead Reduo'n.50
35
i.i)
1st 6a r.120
LO
Preferred
50
70
71
Eleoti to Vehicle
Fat A Pas Gas A KleolOl
L0(
MU g 5s 1949. ...M-S $104 100
Preferred
LOO
99
Eleotro-Pneam'loTraja LO
St Joseph Gaa 5a 1937. J-J $ 97
Empire steel
100
Preferred
LOI
Teleat »fc Telephone
Chemical ..100
1| General
* Preferred
87
91
V Amer Teleg * Ca ble 100
10U
137
llCentralifc So Amer. 100 130
Qolrt Hill Copper
Commer Un Tel (N Y).25 115
reene Con Copper... LO
Kmp A Bay State Tel loo 78
Greene Consul Hold... 10
100
47
Franklin
63
Greene Gold-Silver.... 10
100 120
HQold A stock
GuffirenheimExplo'n. 100
Hudson River Teleph 100
87
91
Hack'naaokMeadcn
10O
J Teleph... 100 166
Haokonsaok Water !o
JIN Yds >J
Northwestern Teleg. 60 125 128
Kef g 4B 52 o|i 12. ..J-J
SO
Hall Signal Co
26
PaoiflO & Atlanlic
85
105
Havana Commercial .loo
HSoutliern <fc Atlantic 25 101
Preferred
LOU
Havana Tobacco Oo. . 1 00
Electric Companies
Preferred
LOI
lat g 5a June 1 '22. J-D
Ohioago Eiliaon Oo See C hicago list
Hecker-JonesJew'l Milt
HKingaCo El LifePOo 100 B198 201
Narragan (Prov) El Co 50 (98 102
lalOa 1922
57
Her'g-Hall-Mar.new.loo
N Y A Q El L&PowOolOO 55
85
90
Preferred
100
HobokenLandA Imp loo
25
115s 1910
M->
U nited E leotrio of N J 1 00
Houston Oil
J-D $ 74»a 75
100
48 1949
Preferred
100
Hudson Realty
Ferry Companies
Inger80ll-Rann pref.. lot
o a
Bonds
..1
.
.
.
.
)»((..
,',L,
103
.
100
ijjirayVUaslNt 6s'24.M-N
LogAWabV Lst6s'26.J-D
Hands
far ralu*
Shares
100
.
LOU
.
HUN
•
^Preferred
Kailroad 6U
l i
SatuiUa}
EXCHANGE
MJEW XOMK STOCK
lllt^O .M
....
1
Kansas City O.is
Laclede Gas
WEEKLY AND YKAULV
/,.
If-,
5l
uiliUllH [lOllS (las
v')
lai
;u-iis,.n inn \a '4 '37. A-O
i
1
g
1715
CllKoXlCLlv
|j|t»
Volume
«
.
Pump
l.ret.
100
2
116
'ks coin
loo
"it Uol
% very active Ml
24
123
BOSTON STOCK EXCHANGE— Stock
7»linre
Price*
— >oi
Centum
I'er
'liiesaay
/»-.-
»67%
•lii.i
'.,
Dec,
:/
87% 87 H
•KM H, in,-,
M62
163
•170
87
%
172
'1
•105
•2 53
'152
'1
105
254
153
87%
J.Vl
171 34 172
'•
1
•241
171
•2-J1
304
75
"7-1
7
310
5
310
175
253
H,
175
126
•
•124
172
......
141%141 3,
•90
*9u
•90
•93
96%
-93
t>5H
»t»8
141% 141%
"73"
do
•93
95Hi
209
58
50
60
•60
•98
60
60
•60
98
Hi
05
149
94
8
147
k,
97
134 3
4
44% 44%
140
'
95
98%
98
135
Hi
24
113
'•,
24 14
*92
10
34
10H;
24%
4514
24
94
.
H!
135%
44
;i
*239
•239 240
239
*183 187
185 188
182
48 "s 48% '4ff% 48 Hi
48 l4
85
85
85
85
85
*198 200
'198 200 •198
1%
1%
1%
132
•1%
12
245
10
1U3
*
245
*
103
•1%
1 34
•248
10
103
'3
4
105
75
*74
31
'
3]
57
37 t
104% 104 7t
43%
105%
*3
105
102->4
4
5
t
42% 43%
o%
5 l4
*1%
5
2%
-75
Hi
7
10
2%
5 34
1%
1%
36%
-75
705
705
...... ......
30
7
29% 31
*6
-61
79
*
18%
10
10 H,
3
4%
8
•61
!
81 7t
18
79
Ha
7
"2
'
•116
17
17%
10
9%
29%
2 34
17H,
17%
-2%
10
10
29% 32
H,
•4%
24
24 H.
24
10!4
10H:
10%
24 %
10JJ
1
1
63
4 Hi
% Si ^
82
5
Ha
30
2
84
2
109 Ha 109 k •108
6
isia
6
2%
7%
2%
7%
125
125
13
125
"12
133,
10% lit
46
Hi
82
-61
Last salt
17%
9%
17
10
6%
9
*
t
0%
2%
7%
125
13
H.
82
85
39 %
9%
56%
58
6 34
6
y
9 Hi
Ha
;1
13
93
11%
86
93
6%
"2%
7%
125
12
41Hi 41
2
in,
17%
123
I2I4
Hi
t
7-4
124
12 %
110
6
6
2%
7%
2%
7%
123
12
"9%
56
12%
45 Ht
9"4
9 Hi
10% 10% H% 11
63% 64% 63% 65
•84% 86% *S4
85
39% 39% 41 Hi 40% 41 Hi
9H,
9h.
6%
9
9
190
9 l4
56% 68
6% 6%
8% 8 34
57
6%
of assess' ts called in
124 14
4414
H,
127% 127%
127% 128% 128% 128% 128 Hi 129
3
2
2
2
2
1%
1 4
Before pay
5%
2%
109
10% 10%
56% 58
39-,
9
6%
2%
7%
2%
7%
123
9^
4
17%
10
12%
110
2
j.
2
Hi
H.
86
40 "4
;,
2
5
12H,
85 %
6
17
63 H,
3
58 Hi
79%
30% 32% Z29%
4% 4*4
4Hl
24 14 24 ,
23%
9% 10H>
9%
4
109
LOO
100
loo
loo
pref
Mexican Central
H & Hart....loii
10(1
N H
Norwich & Wor prel no
N Y
.N'
1
old Colony
Pere Marquette
Ji,i.
100
loo
100
Seattle Electric
loo
Do pref
loo
Union Pacific
100
Do pref
100
Vermont & Mass
100
West End St
50
Do pref
50
Wisconsin Central... 100
Do pref
100
WoicNash& Koch. .100
lUiNcellaneoiiM
Amer Afrncnl Chem.100
Do pref
100
Amer Pneu Serv
50
Do pref
50
Amer Sugar Ketin
100
Do pref
100
Amer Telep & Teleg.100
Amer Woolen
loo
Do pref
100
Boston Land
10
Cumberl Telep & Tel 100
Dominion Iron <fe St
East Boston Land
Edison Elec Ilium.. .100
General Electric
100
Mass'chuflettsUasCos 1 00
Do pref
100
Mergentlialer Lino.. 3 00
Mexican Telephone., lo
N E Telephone
100
Do
prel
56% 57
6%
6 34
9
Do
Do
pref
pref
25
.'
Atlantic
25
2
1
150
123
1*6
.Jan 13 182
Nov 14 132
Jan 4 -:i
160%Jau 19 167
1
59%. fan 16
10
88
3 175
540 13
1,104 55
1-0
.ian
Oct
19 34
232
10 205
79
28; 58
306 50
9tJ
16'
.
4
i
3
1
216% Sep
j
>0
,
-
Feb
b 102
6%
146
44
8,898
2,74 2
15,034
184
2,-.li
2,785
1,315
Mar20 151
Nov
called in
191. 4.
*
Biciacdasked.
||
N.
i
v
Oct
.Apr
Apr
Apr
Feb
Nov
Aun 73% Dec
Jan 42 Feb
1
42
150
Jan
3% Feb
1
3
1,650
2,163
71,943
2,855
1,950
230 Fell 265 Aug
al51 J'ne 194 Nov
36 Dec 44 '4 Aug
77% Mai 84% Oct
173 J'ut 200 Nov
1%
118
8
208
•45
750
17
J'ly
Mai 243
Nov
Nov
Mar 116 Oct
Dec 22% J'ly
24% Oct 26 Nov
.e99%
22
2
Feb 2o
95
Aug 8
34% Aug 7
14% Jan 16
Jan
64
6%Ma
10 j %
4
olHjMaj
6
6%J'ne
Mai
75% J'ne
j:90%Aug
i
•6<
8% May
50 Apr
H; Jan2o
(jet
22% Feb
104
92
ioo
Feb
Mar
oct
•75
Nov
3
Mar24
Jan 25
Aug
1
•20
6
7
83 \ Dec
(
U
38
40
103
7
Ne w stock
.
fAss'tpaid
.
1
Jan
•75
74% Nov
Jan
Jan
Nov
J'ne
2% Mat
1
j
•45
J'ly
4 .Nov
15 %:Xov
o
u l6Sov
34% Dec
Deo
5
35% Nov
t9
2
'a
Deo
Nov
3% J'ne 11% Deo
34 % Feb
2 % Jan
•50
J'ne
9 % Feb
Feb
2o% Feb
53
(i-50
SO
•50
Aug
57% Nov
6% Aug
2% Nov
23 '4 Deo
38 Nov
33% JS'ov
t5
A'ov
Feb 125
Ma;
3
Nov
Nov
1% J'ne 3% Nov
3% Aup 10% Nov
May 140 .\ov
4% Nov
Nov 43% Dee
3% Mai 18% Nor
6
6 Mai
Mar
85
•25
J'ne
34
18
Jan
8% Jan
30
Jan
2% J'ne
5
Dec 15
69
•50
tE: (•rights
's
00
•25
72
20 Oct
•62% Feb
y7o li'pllMI
134
Nov
Nov
Nov
o2% Xov
10 May
7
<
J'ly 116
J'ne
1% J'ne
May 19 t7%Oct 11
Dec 15 15% Feb 21
4
Feb
28»4
jnel'2
Oct
10% Aug 36
i-
Jan
14
1
Apr 18
6% May
Jan 17
13% Maria d 3 Feb
4
17%May2o
1 la
Nov
82% Dec
29% Nov
3 Nov
J'ly
% Nov
Feb 22% Nov
Mar 38% Nov
May 1%gNov
6% J'ly
20 J'ly
1
cl
7% Nov
43
May li,
lo
Deo
Dec
Jan
93
100
(i3%6 Mai '21
8%Janlt
9
Jan
23%Aov
101
'- .1
2o'8 Oct
% Dec
•to
76
8
9
y
Dec
33
95
Feb
1
8 Feb
an 5
48% Dec 13 15% Feb
Feb
7 .Novlb 25
-'
J'nel5
Jan
20% Dec
;
Jan 103 Dec
10% Feb 34 Nov
40% Jan V9 % Deo
ll%Mar3o
Nov 2
loo 60 JanlO 86 J4 Mar31
117 Mar 2 5
113 JanlO
2
May 2 b 4 Oct b
8 Api29 20% Oct 17
4,650
5 Jan 4 10% Dec
3,630
71,461 20% J'uel3 32% Decl4
3
J'ne
77
7,898
1,010
4,50a
2,530
Oct
5
Feb 113
111% J ne2c
57 Decll
117% Apr
39% Dec 12
J'ne21
5% Sep
9
90
12%May22
3,845
Oct
6% Jan
1
8
Apr
2% Nov
Feb 141 Nov
4 Jan
%Oct
4% Ang23
25% Mayjl
1
May 2
1,440
&ep
4
-N'o\
112% J an 122% Dec
7 l4 J'ne 19% Nov
5% Jan
7% Dec
2% May 2 5 10% Oct 18
18 Apr 24 49 Oct 17
70 Jan 25 102%Decl5
f
6% Nov
Feb 27 % s.-p
122% Feb 152% Nov
122% Jan 4 1 Nov
119 4 Feb 149% Nov
9 Feb 21% Nov
68% Jan 94% Dec
17
.i
Apr2y 115
Dec
87
71
:,
2%May25
24% Dec
12% Apr
i<
453 103
567 57
631 31
Dec 146% Dec
a 143
21,845
35
5%J'ly 5
7
Jan lu
28 239 Dec 4 257 Apr 6
296 169 % Mav2-_ 191 Jan 17
1,92b 38% Jan o 51% Aug31
891 SO % Jan lo ^8% Mayl2
141 JtS5%J'ne20 206 Apr 29
iS2i
1
Eeb 6
2% Oct 7
409 131 Dec 1 140% Apr -7
1
Peb 24
2% Jan 9
lo Jan 6 17 JanlO
33 230 May23 258 Oct 2
60
8% Jan 12 10% Feb 23
214 100 Dec 15 114 Jan 5
18 J'ly2b 23 Jan 18
8 25 May 2 3 27 Aug23
270
I 3!
•_.;
J'n. jo7
J'ly
80%
Mai
S %
29
19% Jan 25 29% Apr 15
86 Jan 3 96% Sep 18
4% Apr 13 11 Decl4
20 Jan 17 36% Dec 13
130% May2S 149 % Dec U
Mny22 140%Aug23
J 32
130% Dec 4 148 J an 4
21 J an 23 47 Nov28
92% Jan 3 109 Mar31
4 3< J'ne
3% Marl
116 Augl7 124 Jan 6
17 Jan 24 27% Dec 15
950
8
776 105
134
Apr
Jan
Jan
50
40
30S 93% Jan 9 102 Sep 6 87 U Ma) 95-s.J ly
Jan 6 146% Dec 14 71% -Mai U6%Xo»
40 95 Sep 1 101% Feb 20 86% Mai 9 7 '4 Dec
172 Jan 18 bO Oct 9 160 Mav 173 Nov
67 93 Jan 3 102 Sep 14
s9 Jan 93% Dec
101 112 Jan 3 117%Api J> 108 Jan 114 Dec
21%Jan27 3l%Sep IS 16% J'ly 17 -j leb
55% Augll 60 H) Sep 13 37%J'ly 43% Dec
1,670
1,240
8
.!>'
Dec
15,235 113
Cons Mercur Gold... 5
82 Hi Copper KangeConColOO 57,748
20
100
100
12
25
18 Eranklin
10 Gran by Consolidated. 10
31% Greene Consolidated. 10
4% Guanajuato Consol.. 5
24 Isie Koyaie (Copper). 25
25
10 Mass Consol
25
Mayflower
"17^' Michigan
25
Mohawk
25
63
4 34 M ontana Coal & Coke 25
12 Nevada Consolidated 5
Nov
Jan 232
74
68
14
Dec 15 87 Keo 6
Apr 13 72 Jan 19
Jan 5 67% Ang25
J'ne
i^o%
A pi
May
5
_•:
Jan
%
i
>ep
Oct
Hi
J
May 25
May23 222
Apr 20 138
10
Dec
175
24
.I'ne
>
1
.Jan 24 .'33
5 212
4
<;ci
Nov
Apr 162% Jan
i
71
"0%Mar30
25 % Mar 14
4
151
J'ne 127
J'ui
J'ik-
l:;.;
c'.V.'i
Dee
Apr
23
21
Nov
May
% Jan
2,»75 •30
18% Daly. West
80% Dominion Coal
Do pref
Nov'05
Dec '05 Elm Kiver
Oct
Dec
AuglG 276 Jan 285
Maris 133 J'UI 142
Oct 3K 24% Jan 57
NovlO 73 Jan 88
Jan 24 192
a 195 Dec
164 Oct
1,201,
,
:>2
4
1
leb
Mar2a
AngH
;
Jan 12 .100
Dec 14 148
11
i
15
Marl'.
i
285
163
25
-62
1%
d Before p ny'tof assess 'ts
174
1
36% Bingham Con MindcS 50 I3,b^0 28 May 2 2 37% Dec 13 19
Bonanza (Dev Co)... 10
-75
100 •50 May 6 •9o Oct 5 •39
6 Oct
5% Jan 26 27 Dec 8
25ft BostonConC<fcG(rcts) £1 63,281
25
723 <;01 J'ne 7 (20 Dec 15 435 Jan
720 Calumet <SS Hecla
10 Marls •20 Oct 10 •05 Apr
(Silver)
Catalpa
lo
501)
-16
25 5,605 16% Mar22 34 % Oct 24 till % Feb
29% Centennial
6%
8
131 34
254
-Apl
Marlt; 230
Dec 12 185% Marl4
Jan 6 175 Apr 2<l ;o5
Jan le 311
293
1
13%. J an 17 35 ..la: 2.
150 03 Hi .Jan 17 82% API 13
171
J'nel5
J'ue3o
25
ll%J'ue 8
100
100 Ha Jan lo
100
100
10 34% Jan 4
98' 8 Jan 5
100
100 39,039 24%May22
100 2,804 91 May 2 2
•40
Mar30
25
Teteg.100
54 12 Dec 5
90 Oct 2o
100
20
82 % Oct 2
Mfg... 50
91 May 2
50
Minim;
AdventuroCon
Dec
.55% Dec
Mai 242% Nov
Am .75% Dec
J"ll<
,
1
-19
6 May2t>
1'8 Oct 13
250 •70 J'ne27
ls% Dec 11
10% Jan
10,616
"iS"
May 1 64% Dec 6
!J,8o6 48
62 %
2
J'ly 6
6% Dec 1
4,665
4%
30.582 10% Dec lb 13 Dec 14
11%
34 Auglt 93 Dec 13
55,840
85%
88
•75
May 29 2% Oct 4
25
Dec '05 Old Colony
25 4,695 23% May 1 36 Dec 6
33
33% Old Dominion
3,002 88 Feb 9 115 Oct 20
107
108
32%
33% Parrott(Silvdfc Copp) 10 15,835 22 J'nel2 34% Dec 14
3% Janl4
530 50 J ne22
25
1 34 Phcenix Consol
1%
378 95 May 4 118 Jan 17
109
109
l%May 1 8% Oct B
980
6
6
ly -May 8 3 J an 18
2%
2H, Santa Pe(Goid<fe Cop) 10 1,065
6% Feb 6 9 Jan 3
Shannon
10 5,350
7%
7%
494 101 May23 140 Marl 4
25
124
124 Tamarack
2 Feb 3 16% Oct 2
1,655
12
12
25 1,960 24% J'ne2o 49% Dec 15
45
49% Tennessee
7% Jan 26 13% Feb 1
10.0..9
12H,
10%
9
Mario 68% Dec 15
6s% United Copper
100 106,250
64
100
Do pref
SO 74% Nov 9 S.i Hi Dec 1
85
83%
21 Jan 25 41%Nov-8
40
41% UmtedStates Mining 25 14,0-6
9 % Apr 6 ll J4.1an 6
914 Unit States Coal itOil 25
685
9%
55 34
Utah Con (Gold)
5 25,9s2 39% Mar 4 58%Nov27
67
8 Hi
130 132
2
&
Westing El &
West Telep
1
329 17o
Northern
Nov' 05 Central Oil
60
Last Sale 116
63
108
6
4
•62
17%
108
10% 11%
54% 57 Hi
40%
39% 40
9% 9%
56
110
24
l
fi%
81 14 8314
18
19 Hi
7H
64
•1% 2
33% 34
7
29
H-
17>4
4%
1 34
Dec '05
Dec '05
710
63
4
63 Hi
4 Ha
Do
131%
Dec '05 PlantCom t'st stk comloo
14
25%
719
-i%
17% 18
Maine Central
Mass ElectncOos
31
'•60
"1% 2
Last Sale
34% 35
33 Hi 34 Hi
33% 34% 33% 34%
111% 111% llOHtlll
109 110
108% 109% 107 108%
32
3.5 H
31% 32% 30 Ha 32
33 %
31
33
34%
* 1 %
1%
1%
1 34
1%
"lHa
1% 1%
1% 1%
6
24
36
-70
*1
17
•1
5
»1%
lh
4I4
47%
7
10 Ha 1^4
84% 85 34
b4
4%
414
loo
KM)
Klectric
pref
J'ly'05
•Id
29
•60
78
-
Do
1
Iny2li
11Hj 1 test
Mai 89% Nov
Jan 104% Nov
94
H
09%.Jan 21 105% Sep 2j
Dec t 261 Apr 4
Nov i 58% Apr 28
.1
i
&
40%
41 %
99% 102% Amalgamated CopperlOO
11%
11»4 Am Zinc Lead & sm. 25
25
45%
45 B4 Anaconda
514
6%
Arnold
*1%
25
41
LastSale
7
"61
81% 83
19%
18
2*4
16%
•
6
91
25% 26%
715
63
5%
7%
31
1% 1%
23% 24
3G 34 37%
714
25%
lOv
1% 1%
17% ls^
4%
61 '4
-1%
5
••60
"75
29 H
4 Hi
24
10
10% lb%
•1% 1-.
17% 18%
80
2%
18
10%
2«% 29%
4%
5
"62
8OI4
10
26^
64
•6
7
'116
'2 Hi
17
28% 28%
24
•61
-61
80 34 83%
16 -j 17 Hi
79
lie
•2 Ha
18
6%
29% 30%
30
29 34
*6
7
•61
81% 83 Hi
17 34 18%
*
31 14
....
31
*6
61
'oiinecticut iuvcr... Ul
yitcllDtirg pre!
100
liy
'or Jveoiout
Lowest
llLijhest
24' 253
451
'
100% Swift & Co
100
Dec '05 Torrington Class A.. 25
100
2--%
99%101 34
10% 12
46% 47%
25% 25%
25% 26%
695
7
41
1% 1%
23% 24%
36% 37 Hi
••60
-60
•GO
24 Hi 26
680 695
Hi
102
"13
•91
Last sale 85
Last Sale vS
7
5
24 Hi
36 34
24
35% 36
680
47%
5 Hi
(Jo
Do pref
bep '05
100
250 Pullman Co
100
10 Keece Button-Hole.. 10
•247
*
12% 12%
91
40% 41 14
98 S. 100%
10% 10H,
48%
48
98 a4
10
)OH
LOO
f rovidi ocelOl
|»ret
<fc
\licut<ie
77%Mny20 93% Mar
1,054
1241
Do pref
U S Leather
Do pref
J'iie'05
U S Buober
Last salt /iC/% STov'05
Do pref
38
38 7 t
37%
38% U S Steel Corp
105 105% 104% 105 *
Do pref
LastSali. 5u
Deo'05 West End Land
31
88
100
7
714
41H,
46
24%
••65
•y5
88
100
•1%
131%
1%
132
27%
85
200
85
200
Last Sale i3%
Last Sale Z22%
12
91
91
*85
o<
"26%
Do pref
25
Last sale J%
Dec '05 Union Cop L'd <fe M'g. 25
104%106
United Fruit
105
100
105
74% 74% 73%
73% Un Shoe Mach Corp. 25
4
••50
12
14
41
97
6 a4
2
24% 20%
680
88
100
24
24
25
34 34 35
*-65
•13
"91
•85
•95
13
92
7*4
7%
40% 41%
96 Hi 98 %
10
lb%
44% 44 Te
7
42 H,
98
10
101
73% 73%
Sl% 31%
31%
31
47%
200
250
105
239
178
*26' 4
67
13
•90
*S5
*95
88
100
41%
*3
239
187% al78
Last Sale
..'-..
104% 105
'•50
7
*26%
239
10
•
43%
122
25%
*5%
Lastsai,t 13 Ht
•247
250
10
103
"22H2
4
122
Last Sale 2%
1 34
12
•
•
105
74
74
131
:i
12
*85
•95
*1%
•247
250
10
103
1%
4
131
11
35
149
139
136
.
84% 85
200
13
.....
35
146 V4
139
136
47% 48%
37% 38% 38% 39 14
38% 39 'a
104% 105 H I05%l05 7e 105%105 4
••50
*
•lHa
26% 26%
•3
4
104 % 105
74
74%
31
31%
37%
97
10
103
•22 %
•22%
*26%
104
12
248
'
184
131
1 34
*
23:1
184
48 Hs 48 Hi
85
85
200 200
48%
•1%
1 34
12
251
10
103
•
"22%
•26%
1%
239
184
85
200
IH2
1%
132 132
132
132
239
239
185
24 h
IOI4
11
35
147% 149 4
140 140
135 137H)
148%
)
101
Rutland prel
Last Sale no
Dec '05
98% 98^ 98%
98 Hv
l43 a4 146% 143% 145%
•97% 98 % -97%
98%
Last Salt ISo
Oct '05
*98'4 99
•98%
113% 114% 114
114
Last Sale HI
Oct '05
Last Salt 6'W
Oct '05
Last Sale 151
Kov"05
36 Hi
140
101
85
43%
8%
43 Hi 44
105 105
-203
208
24ft
135
Oct '05
Aug'05
209
Oct '05
58
58
31
147
140 Ha
134 34
43 34
134% 135%
*23%
al'.)5
Last sale
24 Hi
93
93
31
146Hj148
140 140
43 Hi 44 Hi
197
98% 98 Hi
8%
8
196
208
& Albany
& Lowell...
& .Maine
01
Do pret
(:hioJuiicI'.y&
(10
209
55
60
113
30%
30%
148%
16
60
141%144^
•97% 98 H.
24 %
94
*
ID*
61
65
•bO
98 % 98 Hi
98 '4
24 '4
ifi
60
104 Hi 104 4 104% 105
1U4%106
105 106
"3%
•3 34
*3%
3% 3% . ..... ...
*121% 122 Hi •121% 122% '121% 122% •121% 122 Hi + 121% 122%
*19% 20
•/3
23% 24% 2414 25S
24
20
22 Hi
"5% 6
*5% 6
*5% 6
5Hi
5Ha
132
94
1
'.
H.
]
lioston&Wor Klec
Ga
•90
:to
•15
'
97
141
'4
*i39% 140h •139
134
•60
94
8
*
135
Xov'll.".
141
141
90
•93
•23% 24%
60
60 H
65
60
24H1 24 Hi
»7% 81,
*30% 31
11,.,
Last sale Lbi
Last Sale 133
•
6
97 34
98H2
25
94
147
60
113% 113% *113%114%
114
25
94
-
67
65
•97
98%
114
t8?
196 H.
•208
209
55
9$%
98% 98%
140% 142% 141% 142 'a
99
137% 140 '4
•07% 98 H
*98*
•208
2*09
'
*
e
15
61
'-4
63
1
Ki-'i"
jirel
U S Vim
Do pro!
100
Dec'oS
Oct '05 Oon<fc Mont <Jla«H4..10o
(Jet '05 Coun& 1'ass Kiv prel KM
//'.
192
14)2
60
r
Last .sale JUS
.
95 V
15
10
15% 15 a4 •15
15%
•<;;:
01% 61
CO
60
61
*23% 24 %
24% 24 % 24% 24%
195% 196
196 Hi 196 H 196 196 % 196
18
61 %
*208
'73"
17.-.
-
t
Boston
311
Lowest
s/iaret
Bbnton Klevatefl
'4
J
311
Last S a
Last 8 a
141 34
•
1^4
172
28
Kuilron<l«
87 3, Atch Top .V; Ssnta
Do
105 ',
25,n, lioslou
Bo ton
24
Boston
172
Do
Nov 06
/;.,
i.aii .<a it
Mil
J
164
175
•
!-
J 11
75
75
175
/.,
180
*
•309
28
*30'J
•105
154
Last Sale
•309
87%
BS»J
104% 10
253% 253
Hi
year
lor
Week
EXCHANGK
Dec 15
Hemye
8ales\
BOSTON STOCK
frietay
ntirsaay
Dec 14
87% 88%
Hi
105
i..
255
«
Dec 13
8"
105
264*4 254% 233*4 264
) 53
1 53
153 153
'ill
•241
172 172
170 172
»7«i
105
STOCKS
I'ricen
H'ett;i€5(tai/
Dec 1!
11
Weekly and Yearly
Record, Daily,
.
28 J4 Dec
12 J4Nov
47
N ov
6% Nov
leb 13% Nov
Jan 110 Nov
Feb 1 3 Not
Ex-dir. & rights.
N
\
.
1
Dec. :g 1905
UUISOl*
1 _
BHDnra
hone
lelephc
a Tel ooll
i upcr l-l B
.
•
•
it
i
i>i.'
Ateh
Last
I
>'-
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^yep
'ox
o
v
.
93
MS
11 2
1 1 2
112
102
99
J-l'
48. .May]192'
lOWa
u re
l)o tie lit
Lsl 5s.
4s
SWel
Div
l'.'l:
v
toiv
's
Nov
'0.-,
noe
Sop
'02
'do
Nov'ol
107
"4
W
A Mom
Conn A
oona
ls..j
l-...
a-o
Paes. H 1st
1927
Current Kiver 1st 5s
1st Is... 194i
Del Or Ran
Doumuoii Coal 1st s I is..]194'
.
A
99
A
1
l.'l.
lo3- Sep
103
>
.
Registered 4s
NO
'119V
V-J
NotK — Hitvi'i
i
8
!".V'i
139 la
"
',
Now
120
Saturaau
Dec 'J
.ii
'i.oe«
9
— Aot
K 1-iltUIII
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1
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LO'j
Moig
140'-.
102
10)
18
>i
'.
all
J-riaau
Dec 15
MU^VU.
*30'4
•01
.
90
90
60 !*
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30
"4
*
91
01»s
•00 1«
15«s
61
'14 3 !
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14
9
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14-.
-0014
52'\
•5219
20%
2s^
lit IU4
's
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I
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LOO
101
Doc''..,
1
10;;
Nov'O
IOH'4 Fell
102'.;
lo;i-'.|
100 '4
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1
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Uir: ; , .Jan '0
124 '4 Sop '05
12-1
LOi
102
loo
911
105'. 107 V 100
102
107
:
.Mai '02
'1
'4
061
1\
Dec '0.
Oct
'Di
Dec
102
lO'i'.,
102 \ IO2O9
10J=„ 03 ^
16 lOO-'s
'05
1i9l
05 4
H94ia
1
!"9 n a ill
)*
Flat price.
OUUl yi
Mange
lor Year
iuur>
tht
.3
1
103
ami asked.
»
'!
10.",-.,
•
109 <% A Ug'05
I
I
1
OCt '05
Nov'Oi
4
'().".
sop
10913
I
H99"g
103'h
02
1
i.j
92
l"'.",
i
sale
10;
'
Dec'Oi
Oct 'Ofi
'
10., ',
102-' 8
102 o8
102
llS'.j
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out '09
,
10G ; s
138
in,;-',
Dec '»5
-<9'«
loo
102«!|
102
95
Koiro;
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10534
1026s
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'-
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97'" i'0'0"
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Nov'O.,
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140
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103
10.)
145
102 "'„
LBO>9
1"3' 8
107 t
"'.•",
-.1
Sep US
I07>s N'ov'oi
103
a^UILXV
Sales
ol
j. uL.
liange
Previous
1904)
101 •
Year
(
Week
Lowest
shares
100
431
83s
404
700
8
Do 1st prel
109
»,-9k 9"k
Do 2d pre!
100
60 k, 00 1-2
•15
15 k United Ky & Electric. 50
60 J4
1
FA
I
L|
107
30 34 31 h
I'O
'
1.
-J
I
J.WV.
Consolidated Oas
-!.
2i
'o:
nit
price Friday; latest hid
stocas see below)
80
TOO
loygioii^ 19 J '4 loOk
30^ 3914 30 '4 30 >4
107
30
i
99>a
>s
10.;
Baltimore
.87
S7
107«alo7^
192
(tor Bonds and Inactive
hxirsaai)
1
99
i.j
4s.
ACTIVE STOCKJS
I'rices
D'C 13
No
lioston tsouus.
1
I'n, -o.
;,
1 1
1
K
Dec li
ll'd.nt-.i'u.u,,
Dec li
lOtiSjlOOH
•
CI
1
1918 M-S
Union I'ac KK<Ji gr g 4s. 1947 J-J
1st lieu conv Is
1911 M-N
U nitoit Exnlt conv gen 58.1911 M-S
L' s Steel Corp 10-00 yr is. 1903 M-N
West End Street Hv Is
1915 FA
1914 M-S
Uolil4Si.s
Oolil debenture 4s
l'JIO M-N
1917 FA
Oolil4s
Western Telephcfc Tel 58.1932 JJ
SViscoL'Sin Cent 1st iron 4sl9 19 ,.1-J
Wisconsin Valley 1st 7.-.. 1900 J-J
103 4
'1
L39
L3&
9d
«,
•
..'1
103
03«»1( 3
let
:'.'
on u a v
Dec 11
-7
*
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09
100
FA
105
Apr '05
99
14
i'o''.'
"".,
Aus'tM
4s 194
J.J
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1st g 5s
1930
Seattle Eleo
.in. Haute Mi c - is
929 .l-J
iJ.^V«
^IlIUO
7i
J-.I
Uiitlaiiil-i'anailian 1st
lo::'„
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OO
<
.
lo'i'ij
Aeg'ufi
i
100
99^
101
'"."'
Apr '06
99%
1
98
102^
',
Dee u5
N4t o.
29
L'orrlngton 1st » js
101
Sep
SI
,
lo".
p 'HI
,1
.
'-I
-
1"'
*
Us
"79"
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1922 FA
B8...1919 J-J
Kepub Valley lal
Kntiaiid 1st con gep 4>s8.1941 J-J
'2 1-.
97 H
108
1939 A-O
illii
126
L09
109 Vi
-
is... 19
1;
I'onn 1st 4s
11
,
interest ;u audition to the purchase price tor
nav.
Eimlautl Cons
Colony uiX.l 4s
Oreg Ky & Nav eon z
oreg Sh lane 1st g ii-
96&,
lot '.
L20>9 L20Sl
100 1^
ioo101 >4 Di c <>.'
10ii4
4s ".".".".. .'.'."."...".
M-S
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\ o
Unstamped 1st Os
Gi N or C B & y coll ir 4s 1921 J-J
„lol
'4
1
10
120 «n
102
FA
4
-.'."-:
'OS
Api '06
Deo '05
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N
.VI
1901 M-S
! 0- M S
lis.
1
Jan
n'ju,
:
11
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99
9384 N0V11&
loi ', N.,v 'o.'.
Iv
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lo2'-j
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1
uu
Salt
S
1
1
J
W
Eastern 1st sold
Ittohbarg 5,s
109
109\|
12 '.1
1
"-1
Nov'O;
"n" wi"
Ian
Jan 108U
no. L929
LOO
100" 10';"
'06
in
1916 A-O
1
Loevjioa
Fob '05
129
,
M
."-.
:im'„ 102
102\,
12
101
1
9
9
4 Deo '05
l2o»s Mar'Ofi
'12'iV.ji-".'
j-5
on
1
/!!//(.
.'
.I'noOl
.Miniiodoii Klec coii K 5h L929 J.J
1929
.Now EngGOl Vain is
l!)00 A-O
Now Kiiu. l'oloph os
1907 A-o
lis ....'.
190.- A-O
os
1 li'.l
99
9'.' l
i
il
-
101
lO'J'v
M-S
lsi
ijjj'l
1
100
107
107
'.""- l'.Kl
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Concord
1 1
-
94%
1941 A-O
Coli trust refunding a is]
l92i J-J
St 1' Imb
Mil
1921 .I.J
iV St P Wis v div Osl
N
1
Chic «fc No Mich 1st uu is.) -...;i
Cine A
Mich gen 58....]1921 r-o
A
1
101
1928
tla
lo.,
's
Lo5%
100
eons inc :is
coin mc Da
toll Telejj eons
Hun.
sop '05
/.,„'
I".
Mexican Centra] oous 48..1911 J-J
102',
LOB
100
1
k*
.
.
-
I
ii
Mav'l'i
101)
.
Cli
.iiy'ii-
99 V
192: F-A
192. /.-.N
192 VI. s
194: 1-J
101
99 4 LOO
101
io.v
100'
VI-.
l.ol n
Joint bonds see Gt Nortl
Cine JO Ky A stk Ida is 191. J-J
Ch M
,•;,;'
lo2
Dqo'03
]
..
4s
:i
J'uo'ol
J'ne'05
'05
'00
109
109
A-O
A-O
'
1911
191.
."is
Denver Kxteu 4s
Nebraska Exien 4s
Illinois
Sop
g-i
i
if
Dlv
I
111
IU0!
1st
lira
1>1V 1st
H
».
January
s,tlr
LO]
Kan r A M Rydi Br lsl .-1929 \ o
KanCStJoA C H lsi 7s.. looi J-J
.Maine Cent onus lsl 7.-... .1912 A-O
Cons 1st 4s
19 12 A-O
Marn HoushAOnl Lat.tis.1925 A-O
k Jan 'o.i
k Dec '04
oot
A M
:-,'li
Assented income
UK)
129
1
M
I'
.v
Scott
.V
1-1 5
or
It
l.n.s:
l->
Loi"
O
L925 A
cull In
M
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102
1
!: s
KanC
1...
I
u.Ul
103 >» May'05
117
Feb '04
l
.-
10
104% a.pr'00
'•_'
.
',
spr
Kan C
Ho
19
J.J
19 1-: J-.l
Boston A- M ill no 4 FA
Boston Terminal 1st 3%e.
191- J-J
Bur a Md Bit ox 8a
191- J-J
Non-exempt tie
loll J.J
Sinking fund is
191. Alt
Butte A Boston 1st lis
VICedar Rap<S Mo R Lai 7s.
a<
lo;
0,1,1 ii
i'
.111
.
'
(
k
i'3k
MS
Ii
Hiu
108
102
',
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nam,
Illinois stool iteben 5a
19 lo j.j
A-O
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lsl 7s.. 191 7 A O
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mo,
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H
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n
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'l
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stmolit K
V 199. Noi
Boston Kifci Litriu 1st 6a.]190.192
Consol 6s
1901 J-l
Boston * Lowell 4s
"
Hi
'iiniiiirv
r.
.
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BOSTON STOCK
'0!
L91I
M
*
/i.n l.ou>
9
190.- J -J
is.
tr 4s. 192" J.J
a Nebraska lsi
no A s If con -
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5
IH».M»>
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suict
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Mm
Am Bell
Alll
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'1
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5
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BOSTON STOCK cXCH'Ol
Wm
V
1
.
Hajnest
MayK
83
99
I
1
_-::
31% Dec
6
SB .Mai.'.,
47 7B J an 2
01
Id
,
12kiApr24
15
DOC
'a
Hi/l'iest
57 k Jan 86 Deo
71 J'ne 1 09 k Dee
Apr 13
90
HO*, sop
51 ay 2
21k an
Lowest
1
1
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534 J'ne
1
5
'4
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Philadelphia
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,
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98
31
31
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B»4
ii
61%
Canibr.a Iron
Central Coal 6c Coke.lOi
Preierred
4 "4
•-.
1
Consol Trac ol NJ...I01
steel. ..t
Preierred
'-
j.i
101
Klec Storage Uatt
Insurance Co
A
ni
10
5i
ral
ivania..6i
ii
1
06
3
107
LOi
no
lui
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Tenopali .Mm.
J
l'.
4
11
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1
.
...
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..
104
M
ill. in
C
1.
Ml Coast
110
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112
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.
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003,
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oil
1
M
i rao lal
a j-a
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91%
ill
107
117
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108
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82%
1
'.
Norfolk
North Ceni
1
:
i
1
1 1
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1
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.
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1
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ild
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nconies
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1
.
paid,
-
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is'i
Ask
liul
105
1
1
10
1
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on verttble
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ai-it
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72
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Dec
22
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is
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19*4 Oct
li.J J
1st is q '29 J-J
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1
.
iioo,
Nov
1 '1
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1939.1-1)
Ala
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9
Iji
1st
.Mai
I
i:
8»k
oi
RR4sl 52M-S
1
Mai
.-1
I'.lis'.'.i
OCt
Dec
4'i
Dec
42 k Dec
59 Dec
-Mai
5$ "23 J-J
-
1907
1
'
105
L03
look 100
Va
'>
k
33
28
>iii,t
io -
Jan 119
45>, Jan
1.-
1st
,
-May
5
s
19
||
,
Novell
1
''u
Dec
7o
Mm
7
3
'
72
:
ti- ol in<
59 V Deo
1
Kia... 100
<v ,'„t
lsl 7...
& Ch
Feb
&
Boqda
\ll
3334
14
2'„ Mai
55 78 -Mai
1,'ilvA sul, \Vas|i .-:
1. .0
1
By 1st ."- Jill-'. \
!ol<&Grn\ 1st 6
J-l
onsol las 6s.
94
lo
Bui and inked prices; ndaali
]10'4
iu
Miaoostia
J
N
No
Ei
114T
loo
100
J-J
I.J
Au«
CA A e.\t is.'O'.I.J-J
20 7s
1910 A-O
City A sun isi is. .22 J-D
Cor,
S',11 it
31
Knoxv
1
Duck
01
125% Apr
."
ireb2s
'
O.B-8 Brewing
-h.ii
-
,1'no
is.u.i
i.i.
Pa A x
Con
90
20
ChasCltyBy
(.'lias Ky ii tt
mi. LOO
Co
1.1
Warwick Iron
Wok.
I.
prel
Penn
'
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1
loo
Ind
United .N
UK ,v
Unit i tac Pitta pi
"ii^
-D
114
Pi
Coalcfc
Dec
20
'.
2d income
Preferred
l<
1
11
1
97 J J
is 1930..,' 1)
oonis'iiJ-J
'4
k Nov
44 k Nov
1
,
10.,
ill
..M-N
.
t
J-;
Prel
'
.
no
,
1
Atlanta <a Charlotte., loo
Atom Coast Line liU loi
Allan Coast L iConniloi
I
Penn
:
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Ala '>>ns
l.y-1
M-N
V Traolst4s'20.J-i.
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1
Inactive siocUs
06 '4
TJ.QJ
l''i
lui
D
s
11
1
MALTl.MOtlE
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Webihach
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'-
Annuity Os
...ii
Ph^i (ji-iiuaud; Noi
Phi.
Ra,.
Snequen Iron ex .->!'
'
LOJ
1
Pennsylvania Steel. .101
Ti
I'
10I
00
New Con
XYPIi&X
j-F
.1
TraO Ind «en 5s'19.J-J
I'll HysTrc(ts4s'49JJiJ
.1-1
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1
1
Gen M 4%i g.l924.Q-i
c 1st 5s e .;.;.. .l-J
LehVext4slBtl948.J-D
l^:h
191
Feb
5k J'iy
Jau 27
Jan 20
'4
J'nt
7 J4
1
col •r'4s'21..I.J
Ky<fc Lcoh 58 '5 1.)-.;
i'.ocli
1
1- B
jr
7
1
Xovli
li
9,'lks-B G.V:
7s 1910
Consol Os 1923
2 k
.',
iio
2(1
_
00
W^
P
Nov
51
36% Oct
18's.Mn.N
',
;
[82 4s '.iT.J.J
ol
.11
Terminal 5s
19
slK tr oll-
r.
<ji
Osg 1911. ...J-l)
.\1 4s g '47. A-O
Ex Imp
Con
1020 .M-N
Too lr
M
Con
118
43
3
Fl
<fc
i'-Vil,
.'
ii
i'l.
1st .M is
RBs
15
I
Plnla Co
100%
110% 112k
4
Oct
12% Feb 20
29
Bid
gen Al 5 g '20. A-O
lien M 48gl920..A<fcO
1'h & Read 2d 5s '33. A-U
Con M. 7s 1911
J-D
A-O
54k Apr
lUkJan'Ji
8klOec 2
•
-.
1
PUH.ADEI.1MMA
ASK
G;o-l. lsl
I.ehiichNav 4-213
.,1
Noi
Mid
48 Jan 3
24 34 aiay22
30
49
_'
14k.>ltt}24 25 U .ilar 4
1,070 lookJ'i.v 3 123%Nbv2l
10,'344
52 k 3 an 9 90 k Xov 3
1,050
2 78 Dec i
5 a4 Jau 1
23,185 65' a ie Osy2. 73%Ang23
8,958 40 J4 Jan2i 55I4 XoVl
l-';A|'l-'i
8,374
J'lie 5
8
19, 4 r>o 11734 J an J J30
A |0
J
39% Jab 13 71l3 16 .N„v 9
257 45 May20 47 •- AUg2V
§00 42 Jan i' ..O'o Xov
421 5H\t Mar 9 63% OQt 17
5y
50
50
50
5U 13.907
24o
100
'.;
191 1. J -D
no coi
Indianapolis By
11
Reading
li'.ii',
X
<k
.
5<j
Pluladelp'a Co (Pitlsh) 50
Philadelphia Electrict. 25
fioia itapiii Transits. . 50
P
oxt 7s 1910
100
KK
•48
lultrsta',
-
H
Lut.
X
.....
,iu hl.'a-
..
& Schuyl
94%
Marsoou Co
Pennsylvania
40 '4
4
Do 1st prel
Do 2dpiel
49
02 k 02 k Union Tracton
91'-. United Oas lrupt
94
*31
31% Welsbacll t^o
8
'
.
02 k
95 '4
31
iron is'l:' J-J
-1 By 1st con 5a 1932
J 1 si
Trac ot
,
Iol
a.. LI
K,
-
40
4,',.
in
ok
KA-A
i'ow A: Cliem.ii.
i eiephon
•
h
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.....
Keystone
.-in
oa 1J i.5
All City 1st is g'lO.M-N
Bails Tor 1st is 1926.J-D
Berg&EBrw 1st o-'2l J-J
BeUde Steel Os 193.-. y-i'CheJa DCan 1st is TO J -J
Choc it M e 1 -t i- 1 949 j-j
Con
51
ii
X
•.:
^ll'i
*48-.
02 k.
Am Kvs cun vis
..lo<
Indianapolis St
Indiana I nton Tr
Llt
%
loo
I'.iss
Harruoi:
Int, -r
>4
'4
II
Easton con Eleetnc
B
A, Val
Li
%
8%
1
31-4
Biade
5
3
S'l,
32-.
-30
31
118 "4
84 k
71
92
SlQ
32
5
I'llll.ADEia'HIA
American Cetuent
Bell Telephone
Prelened
Geruianiown
95 "a 90
I
llllK'llll' >tOCUs
Alleu'l. ny Val pri
Diamond state
4i-V
49
02 "a
021.3
,
90^
52
:;.',
prettrctts
10U
Lake Superior Corp
100
Leoigh C <fe Navtrctfs. 5(
70%
3
,
4
1
33
11
3.
31
-.
51"e
8k
h\
Do
-.
3
52%
3--,
'
98 =S
1
84'.i
2»ia
8»4
3J
1-
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84
70^ 71k
40-4
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97
•«
3
33
•,--.
i
HO^
70»4
-"0
.
1"
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85
10
39%
IS
1-
118
607
2.320
l,95o
28
51
Electric Co ol America 10
lien Asphalt tr ctls
100
'4
17«4
40
3
.
•
10
10'j
51
8
3:'V
-
'
119'-.
11
'
8k
9
40
7' ';.!
3
709 16
52
1
a
9
3918S
52% American Railways.... 50
28^ iainiiria Steel
50
11
28%
U's 11%
2s i4
-.
4
'-j
52 k.
28 >«
*i2k 53
1
111»
ls
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119*1
9
O.i
'J
3
4',
IS
L.S
Uy
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Sj
52^
'
I
'1
N
THE CHRONICLE.
1718
[Vol. lxxxi.
Inxrjestmmi and ^ailraad Intelligence,
RAILROAD GROSS EARNINGS.
STEAM
railroad from which regular weekly or monthly
;urn.3
following table shows the gross earnings of every
The first two columns of figures give the gross earnings for the latest week or month, ur;d the Is t two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a sup]
;iry
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some ther
period.
The returns of the street railways are brought together separately on a subsequent page.
The
i
can be obtained.
<
Latest Gross Earnings.
Week or
Month.
Roads.
Current
Year.
July 1
Previous
Year.
to
Latest Date.
Current
Year.
Previous
Year.
%
&
Yick.Nl>';-
VicksbSh
ft
wk No\
wk Nov
4th
P. 1th
Allegheny Valley. October ..
Mice .
Atch Top ft s Fe.
Atlanta & Char. - September
Atlantic ft Bir._.
embei
Atl Coast Line
October ..
Bait ft Ann S L.
imbei
\o\ ember.
Bait ft Ohio
tober ..
Bangor ft Aroost
'i
I
i
i
t
1
Bi Llefonte
1.
Central N
o
.
ember.
Bridgt & Saco R_ October ..
Buff Roch ft Pitts 1st wk Dec
Buffalo & Susq.. October .
N Jersey October ..
Chattan Southern 1st wk Dec
October ..
Chesap ft Ohio
Ctiic ft Alton Ky. October ..
Chic Gt Western. 1st wk Dec
Chic Ind & L'v_. 1st wk Dec
Chic Milw ft St P. October ..
Chic & North W October ..
Chic St P M & O. October _.
Chic Term Tr RE 1st wk Dec
Cent'l of
On N O ft T Pac.
Cm Ch ft St L.
See South*
Copper Range
September
2,158,112
2,632
2,-039;665
1,097,778
157,530
106,570
5,598,603
6,148,512
1,367.479
32,624
m
522,946
379,595
101,185
770,493
756,53!
115,558
85,900 2,353,100 1,800,000
979,000 26,929,251 23,475,910
227,300 5,072,031 4,714,836
1,907,602 8,638,015 7,643,582
60,514
2,077
58,539
1,807,467 7,782,844 7,017,641
1,300,783 4,130,055 4,709,145
136,259 3,977,908 3,462,171
104,964 2,753,562 2,563,962
5,015,619 19,283,582 17,913,030
5,372,570 22,204,452 20.313,284
1,286,785 4,594,442 4,333,303
753,482
696,493
31,716
Ry. S ystem bel ow.
October .. 2,067,682 2,202,569 8,188,996
Peoria & East'n October ..
294,435
248,757 1,039,334
h Ccl ft South Syt 1st wk Dec255,971
213,347 5,316,541
63,757
25,087
19,441
Col Aewb & Lau. September
CI
October ..
ft Leo.. October ..
Denv & Rio Gr__ 1st wk Dec
Det ft Mackinac. October _.
Det Tol ft Ir and
Ann Arbor Svsl 1st wk Dec
Dul So Sh ft Atl. 1st wk Dec
Erie.
October ..
F'rchild &N. E._ October ..
o\\ hattan
Farmville &
Fon Johnst ft Gl. October _.
ft Denv City Now includ
Ft
October ._
Georgia RH
Ga South ft Fla.. See Southe
Gr Trunk System 1st wk Dec
Gr Trunk West 4th wk Nov
Det Gr H & M. 4th wk Nov
Great Northern.. November.
Cornwall
Cornwall
J
i
W
Montana
Cent'!
Total system
GulfftShip Islam:
Hocking Valley..
Illinois Central..
November.
November.
1st wk Dec
October
..
November.
Illinois Southern. November.
Int ft Gt North'r 1st wk Dec
1st wk Dec
a Interoc (Mex)
Iowa Central
1st wk Dec
Kanawha & Mich October
Kan Citv South' October
Lehigh Val RR_. October
Lexing
..
..
East'n. October ..
Long Island
October ..
Louisiana & Ark. October ..
ft
& Nashv. 1st wk Dec
Macon & Birm
November.
Manis & No East. September
Louisv
Manistique
November.
Maryland ft Penn
a Mexican Cent'i.
a Mexican Intern
o Mexican Ry
a Mexican South.
Millen ft Southw.
October ..
October _.
Mineral Range
Minneap
M St
& St L__
P ft S St M.
Mo Kan ft Texas.
Mo Pac & Iron Mt
Central Branch
Total
wk Dec
Wk Nov 25
3d wk Nov
1st
October ..
1st
1st
1st
1st
1st
1st
1st
wk
wk
wk
wk
wk
wk
wk
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Mobile
1,016,468
570,022
48,371
512,24!
600,513
54,729
450,
49,102
Inc. 47 3,882
9,245
Inc.
24,903,066 21 ,892,890
6,793,290 5,549,380
929,708
988,98*
311,291
324,311
88. 902
276, ,
245,093
95,513
1,986, L6] 1,916,683 7,181,935 6,575,431
47,493
41,568
H.,.VJ14,04;
29,132,474
6,591 ,374 5,757,747 32,159,
727,974
229,298
205,703
780,
26,06
22,306
5,973
6,243
20,410
18,191
4,062
4,400
746 4,063,506 3,709,152
141,172
145,
140,163
55,715
14,052
36,216
363,700
89,761
75,236
52,205
4,412,628
2,278
Now Tide
73.766
ed in Colo
274,052
rn Rv. S
729,053
126,436
44,844
4,995,094
244, 9S9
5,240,083
48,617
599,508
4,699,720
33,640
130,700
108,170
56,683
183,368
632,270
3,031,261
42,055
Inc. 12
79,292
806,585
14,554
31,604
3,883
37,340
436,318
139,700
112,800
20,564
6.S47
13,303
75,610
187,856
405,843
714,000
24,000
738,000
51,251
3,866
21,110
340,200
77.948
173,471
62,033
152,386
8,876,983
348,903
or
MJ&KC-G&CDh Wk Nov
55,93(
November.
138,626
Cal Northw'n
Canadian North. 1st wk Dec
97,700
Canadian Pacific. 1st wk Dec 1,260,000
215,500
Cent'l of Georgia. 1st wk Dec
Week
Month.
Roads.
ystem be! ow.
Ala Gt Southern- See South* in Ry.
Ala N o & Texas Pacific.
78,318 1,134,212
N o & N East. 4th wk Nov 111,582
Ala
Latest Gross Earnings.
8,243,247
1,004,120
4,363,090
51,325
174,995
20,835
79,127
7,828,692
328,632
66,442 1,748,466 1,565,160
45,703 1,411,536 1,210,531
3,938,064 17,210,299 15,996,411
11,000
8,044
3,129
which see.
water & Western,
271,347
305,017
63,926
rado & S outhern S ystem.
953,448
847,178
258,692
ystem bel ow.
722,130 17,518,221 16,591,865
136,724 2,399,966 2,161,279
651,333
671,668
38,226
4,468,014 22,649,169 19,713,322
982,218
201,809 1,122,474
4,669,823 23,771,643 20,695,540
826,078
44,499
862,234
569,883 2,269,736 2,283,946
4,439,660 20,906,317 21,377,499
157,465
124,967
25,883
125,800 3,180,281 3,036,021
107,864 2,532,686 2,482,645
51,033 1,297,066 1,154,671
725,465
614,463
145,855
645,248 2,279,750 2,284,532
11,489,032 10,474,197
3,005,465
180,243
40,436
157,903
Inc. 25 3,194
1,097
68,184
304,178
263,891
£809,945 18,249,462 17,346,476
12,789
63,518
60,666
36,996
98,518
107,937
46,014
42.S22
6,365
135,447
32,289
121,617
2,258,234 9,058,S92 8,246,364
120,312 2,769,274 2,870,578
117,900 2,498,100 2,411,600
19,641
451,475
439,740
7,356
29,100
28,015
12,797
335,149
309,989
58,115 1,780,543 1,403,582
174,962 5,316,550 4,051,604
381,925 9,866,570 9,646,509
669,000 18,637,305 19,522,031
23,000
917,699
751,810
692,000 19,555,004 20,273,841
St
of
ft
KR
L._
ler
4th week
Aug
week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
Sept
Sept
Sept
Sept
Oct
Oct
Oct
Oct
1st
its
Nov
Nov
Nov
Nov
Dec
(43
(40
(40
(37
(37
(39
(39
(3S
(44
(40
(42
(40
(43
(39
roads J.
roads)..
roads). _
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads) ..
roads)..
roads)..
$
13,342,178
8,421,108
8,754,057
8,663,273
12,368,234
8,941,774
9,430, 7S6
9,434,892
14,510,876
8,331,329
9,780,290
9,773,299
13,059,928
8,803,184
$
12,770,603
8,072,981
8,502,578
8,514,190
11,899,965
8,643,551
8,965,878
9,292,845
14,096,129
7,777,198
8,832,358
9,031,440
12,253,008
8,149,710
Nev-Cal-Oregon
.
Novi
Col.
&
nib(
r
Nevada Central.. September
N Y C ft Hud Hi-.
mber.
N V Out ft Wesl
ber ..
N V Susq & Wesl
Norfoll
Northern
October ..
aber
Northern
Ohio Riv & West.
Pacific Coast Co. October ..
dPenn— EastP&E October ..
dWest P ft E__ October ..
PhilaBalt ft W'sh October ..
October ..
Phila ft Erie
Pittsb C C ft St L October ..
'
i
Raleigh
S'port.
ft
(
ictober ..
Reading Railway October ..
Coal ft Iron Co October ._
TolP
ft
Tol St
Tor
West
L
ft
Ham
1st
1st
W
ft
wk Dec
wk Dec
Buff. November.
Un Pac System.. October ..
Virginia ft So W'n October ..
1st wk Dec
Wabash
West'n Maryland September
Jersey ft Sea'e October ...
Wheeling & L E. 1st wk Dec
Wichita Valley.. July
W'msport ft N Br October
Wisconsin Central October
Wrightsv ft Ten. October ..
W
Yazoo
&
Miss
"V
al
November.
3,454,841
4,814,090
17,865
117
LOfl
1 1 ,739
2,440
39,15'
7,014,224
35,20
-',578 2,809,869
662,412
2
944,727
255,728
220
820,930
2,393,037 2,041,727 9,313,331 7.- 11,619
19,050
3,605
:;,787
1,009, 407
23,877
68,348
63,102
6,708,394
82,424
442,575
418,497
331,930
103,775
12,170
13,538
649,150
21,891
884,204
1
Mar
Birmingham
Dec
Jan
Jan
Jan
Peoria ft Eastern
Interoceanie of Mexico
Manistee ft North Eastern
Tan
Jan
Manistique
Jan
Maryland ft Pennsylvania
o Mexican International
a Mexican Railway
a Mexican Southern
a Nat RR of Mexico
New York Central
Northern Central
d Penn East of Pitts & E...
d West of Pitts ft E
Marl
—
Phila Baltimore & Wash
Philadelphia & Erie
Pitts Cin Chic & St Louis
Rio Grande Junction
Texas ft Pacilic
West Jersey ft Seashore
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
Jan
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
8
e
Includes the Chicago
k Atlanta Knoxville
ft
ft
15,921
11,833,803
9,814,336
21,648,139
460,104
145,519
210,797
15,367,506
458,846
13,573,994
4,074,639
3,103,238
605,605
31,985,354
956,889 22,988,376 21,647,208
144,076 3,896,097 3,670,585
140,170 3,121,581 2,885,414
62,389 1,408,706 1,257,003
720,573
146,442
762,881
23,446
397,807
439,182
286,411 5,220,494 5,725,860
19,000
8,446
32,925
29,756
364,323 1,506,144 1,493,545
23,349
590,009
585,355
71,746 1,857,104 1,738,663
58,221
305,688
280,837
5,925,773 24,132,350 20,831,323
324,555
200,300
53,108
436,140 11,069,368 12,209,710
362,565 1,218,508 1,041,130
298,430 2,261,469 2,045,069
79,333 2,532,660 2,039,736
12,170
4,110
4,110
64,519
13,981
67,620
629,788 2,491,366 2,415,280
20.9S6
66,858
72,698
999,717 2,955,790 3,600,145
Current
Year.
Previous
Year.
Oct
Sept
Sept
Inc. 88
$2,233,217
864.682
55,547
18,420,019
2,346,238
5,764,405
335,627
87,609
246,537
6,011,755
5,608,300
1,071,381
11,713,882
78,349,516
8,726,671
98,636
52,079 ,222
643 .820
Nov
Oct
Oct
Dec
Sept
Nov
Oct
Dec
Nov
Nov
Dec
Nov
Oct
Oct
Oct
Oct
Oct
Oct
Sept
Dec
Oct
51 ,761
18,243 ,068
2,527 797
5,762 439
328 ,363
78 ,784
221 ,679
6,432 182
5,527 ,500
1,049 ,757
10,713 ,557
71,679 ,273
8,568 ,071
110132894 97,593 ,894
Inc. 6,11 6,500
12,149,987 111,339 ,087
6,-40,944 6,394 ,513
21,830,245 19,920 ,506
453 ,405
483,799
10,867,477 ill,162 ,651
4,093,921 3.820,521
Cur'nt Year Prev. Year.
1904 (124 rds) 159,732,959
Month Oct
Month Nov 1904 (124 rds) 154,304,117
Month Dec 1904 (123 rds) 146,748,102
1905 (116 rds) 127,073,058
Month Jan
1.75
3.94
Month Feb 1905 (117 rds) 113,714,506
Month Mar 1905 (118 rds) 143,622.857
3.45
Month April 1905 (11.5 rds) 136,595,868
5.18
Month May 1905 (118 rds) 144,103,256
1.53
Month June 1905 (104 rds) 125,942,575
2.94
7.12
Month Julv 1905 (115 rds) 143.658,287
Month Aui; 1905 (115 rds) 154,972,550
10.73
8.21
Month Sept 1905 (115 rds) 161,431,629
Month Oct
1905 ( 51 rds) 66,053,039
6.58
Month Nov 1905 ( 55 rds) 71,044,232
8.02
Decatur to Ackerman inclusive, c Includes the
all affiliated lines,
835,300
4,706,376
2,923,850
8,302.346
and Monthly.
Monthly Summaries.
4.47
4.31
2.95
$9,477
23,622
58,483
2,332,305
40,898,318
5,856,511 5, 105, 013 27,589,952
20,972
20,795
59,356
582,824
557,497 2,455,862
12572 075 10728 675 47,748,218
Inc. 69 4,200
Inc. 2,
1,282,781 1,145,981 5,080,076
797,843
729,319 3,09.
2,447,184 2,168,822 9,291,320
4,745
4,356
19,888
3,689,337 3,399,735 13,789,754
3,747,550 3,223,363 10,439,029
7,436,887 6,623,098 24,228,783
127,347
116,369
507,752
172,763
63,231
56,331
11,843
10,412
255,529
4,842,715 4,318,813 17,915,078
541,951
135,424
115,135
3,719,928 3,842,614 13,971,587
191,334
196,183 3,957,403
1,201,450 1,117,223 3,425,400
32,498
31,638
125,110
607,680
126,391
9,392,428 8,938,468 35,055,206
Jan
Belief onte Central
CI C C & St Louis
I
>
8
Period.
Allegheny Valley
Atlanta ft Chart Air Line
ft
8
612,174
ious
Year.
Prt
;60
Various Fiscal Year3.
Atlantic
Current
Year.
Ry. 8 ystem bel ow.
91"
903,524 3,462,814
241,689 5,603,537
280,143
Total both Cos October ..
Rich Fr'ksb ft P. October ..
Rio Grande Jct.. September
1st wk Dec
Rio Grande So
Rock Island Sys. October ..
October ..
St Jos ft Gr Isl
St L ft San Fran t October ..
St L Southwest.. 1st wk Dec
Seaboard Air Line September
Sierra Railway.. October ..
Southern Indiana November.
So Pacific Co.c. October ..
Southern Ry Sys
Southern Rv._ 1st wk Dec 1,039,392
Mobile & Ohio. 1st wk Dec
155,924
Cin NO ft TexP 3d wk Nov
147,058
Ala Great Sou. 3d wk Nov
70,010
Ga South & Fla November. 153,109
1st wk Dec
Texas Central
24,399
Texas & Pacific.. 1st wk Dec 260,614
Tex S V ft N W. October ..
15,600
Tidewater & W'n October _.
8,159
Tol ft Ohio Cent. October ..
377,632
$
+ 571,575
+ 348,127
+ 251,479
+ 149.0S3
+ 468,269
+ 298,223
+ 464, 90S
+ 142,047
+ 414,747
+ 554,131
+ 947,932
+ 741,850
+ 806,920
+ 653,474
o Mexican currency. 6 Figures include earnings of stations,
subsidiary lines in both years, d Covers lines directly operated,
South., Ft. Worth & Denver City and
had previously been included in 1905 since Jan. 1.
of
%
Cur'nt Year Prev's Year Inc. or Dec.
.
rn
Previous
Year.
Date.
to Lates'
6299,022
621 ,673
I
Mex
AGGREGATES OF GROSS EARNINGS—Weekly
Weekly Summaries.
I
Ohio... See Southi
ft
Nash Ch
a Nat
Current
Year.
July 1
3
154,758,622
140,909,476
136,889,640
119,220,078
117,252,135
130.879,546
127,237,317
129,712.739
114,845,032
130.32S.530
141,S67,461
147,709,816
62,631,366
65,109 ,09S
Houston
ft
Inc. or Dec.
%
a
+ 4,974,337
+ 13.3
.
+ 9,858,462
+ 7.8J
—3,537.620
+ 12.7
+ 9.358.551
+
14,300.517
+ 11,09
+ 13,323.757
+ 13,105,039
+ 13,721,813
+3.421.673
+ 5,935,134
3.21
9.51
7.20
6.5S
3.01
9.73
7.35
11.09
9.66
10.02
9.23
9.2S
5.46
9.11
Texas Central and
Eastern Illinois in both years, h Includes earnings
Northern included in both years since April 1; it
—
Dec. 16
——
.
.
THK CIIKOMCLK.
19Q5.]
Roads.
A
s
-
iter
Buffali
Canadi
Pittsburg
«\r
141.17.'
rn
hi
Centra] ol
Chattl
215,500
2,632
leorgla
Western
Chicago
Chicago indianap • Louisville
101. 00
106,570
32,624
1
,800
Erie b
11,800
1
Wmsporl
21,271
1
1
Denver
Denver & Rio Gr ide
.v
213,347
340,200
42,624
nton
i
75,236
52,205
66,442
47.. 703
8,794
0,502
729,053
722,130
6,923
48,617
130.700
108,170
56,683
806,5 15
139,700
13,303
75,610
187,856
405,843
714,000
44,499
125,800
107, SO!
51 ,033
&
Dulutli So 8h
i
Atlantic
\\
.
,
est
em
A Mil
Gulf
& Ship
u North
Iowa
Nash Ule
Mexican Internationa]
Mineral
Rl nge
St Louis
Minn A
Minn £
3SM
Ka nsas a Texas
Mo Pacifi A Iron Mountain
Branch
Mobile & Ohio
National RR of Mexico
outhern
Rio G
81 Louis Southwestern
Southern Railway
Missoui
i
'
'
'
Texas A P cific
Toledo Ptoria & Western
Toledo St Louis & Western..
Nor Bch
a()ci
31
lo Ocl
1
13,
286,41
07
1
1
July
,848
,431
1
,849
82,503
95
25,797
!
528
.740
3,398
430.140
6,435
24,442
S, 149. 710
707,252
653.471
53.77S
to Oct
1
November our
of
statement
final
roads and shows 6.58% increase in
ne week last year.
31
729
6,995
686
New
Or]
\
& Tex Pac—
& North
-
iurg
Pacific.
Alal
Vicks
U
1
&
'
-
.rl
33,264
7,565
17.000
3,456
&
Chi
Ry
Binghamton Ry
October
October
..
_
Boston & Worcest'r November.
Burlingt'n (Vt) Tr. October .
Gas & Electric. October
Cent Market St... October
October
Perm Trac
Cal
077.. 004
13,059,928 12,253,008
168,144
,920
:
Chi
..
..
..
Mil Elec
Octobei
>ak Park. November.
a-
<
x W(
;
24,351
1,042
8,896
38,095
0.7.:;:'
27.
19,180
57,507
del. 3,015
def. 4,193
l
16,870
Jan.
1
to
Current
Year.
Previoui
Year.
$
AurElf?in
5~627
5,100
32,800
Tor.
9,178
58,268
9,555
26,932
17,692
61,757
def. 424
1,123
4,549
9,268
37,524
23,007
115,080
2,808
11,144
Current
Year.
Albany & Hudson. October __
American Rys Co. _ November.
7,4.720
.rl!
Week or
Month.
157,417
930,779
71
Mexican R
Texas
2,187
21,975
6,263
33,139
,338
8,005
tali S
Prt
Yl er.
S
S
1
49,102
.
4,141
22,552
13, 020
49,100
2,231
,250
4,323
30,710
765
2,187
21,875
673
2,758
9,071
36.2S4
22,859
114,092
2,805
11,187
1
4,978
of
Road.
Inmate. Decrease.
1904.
1905.
456
0,7,71
9.530
337
1,065
'
Latest Gross F.ari ings.
S
S
>rted (38 roads) 12,697.708 11,924,340
Previi
Ala
November,
of
360
3.000
543
2,172
—
of Net E'ngs.
Current
Pre
Year.
Year.
s
8
2.213
1,956
S.277
11,000
STREET RAILWAYS AND TRACTION COMPANIES.
the aggregate
Name
Fo-
S
3,300
643
2,172
Oct 31...
to
— — Bat.
Previous
Year.
330
Edison Elect Ilium Co.
(.Brockton, Mass.) ..Oct
,l:m
1
to Oct 31.
Fall River Gas Works. Oct
July 1 to Oct 31. _
Houghton Co. Elect Light
Hancock, Mich.).Oct
Jan
1
to Oct 31...
Lowell Elect Light
Oct
July 1 to Oct 31...
Minn Gen Elect
Oct
July 1 to Oct 31. ..
Toledo Peoria&West.Nov
July 1 to Nov 30...
1
Rentals, etc.
Int..
Current
Year.
S
...Nov
Jan 1 to Nov 30...
Bridgeton & Saco Riv.Oct
38,454
1
—
Roads.
July
week
11
10.: 19
1,057
below these charges:
deficit
Wmsport & Nor Bch.OcI
rth
64,519
Bellefonte Cent
45,000
1,000
23,349
71
8,8o
3
10.^7
13,981
I
160
506
\
covers
over
I'.'
1
1
\rt earnings hen given arc aft< r deducting
\,i earnings here given arc before deducting taxes.
above or
s
.:.
956,889
23,446
442.7.7:.
103,77.-:
Tot
1
17.105
12,894
8,
wheeling
1
100,1s:!
I
•
22,435
138,4
—
19,388
174,962
381,925
669,000
23.000
144.070
241,689
10.412
191,334
1,039,392
24,399
260,61
23,877
:.:1
.
58,1 15
1,843
1
1
120.312
12,077
155,924
280,143
-
(
7.02,000
Interest Charges and Surplus.
The following roads, in
to their gross and net earnings given in the foreaddition
going, also report charges for interest, etc.. with the surplus
i,94.)
91
24 .000
-
Tc\.l-
1
100.277
111,830
23.7.00
A
rsland
Inter:
Inter*
c, ntral
Louisville <S
t>
Canada
ol
081
270,071
,252,817
32,504
30,253
00,734
214,017
7,0.513
180, 195
16,156
7.72.132
5.07.0
Arc
Grand
a
Ann
(incl.
16,369
160,104
184,21
I
1
4,900
300
•-'.•..-..H71
l
10
1
131,1 17
>! ,289
,44C
98,041
271 ,482
,973,693
10,393
167,632
'.•os
itherrt (ini
w
20..
.30 1,7.13
1
127,:: I 7
7.07.77,2
I
a
July
.000
868,700
d<U
0.7.0. ill
31
Ocl
Rich Fred A Pol
to Ocl 31
July
Southern Indiana b Ocl
to Ocl 31
July
To! Peoria & West b No\
July
o Nov 30
720..",
-Net EarningsPrevious
Year.
Year.
S
%
c um ml
7,.-,.-,
81,716
transfer
Chicag
Color.'
Ft.
to del
I
707.' 13
Ocl
1
I'M
2,077
136,259
157
•:• in
(
1
81
1
t
i
85,900
979,000
227.300
'.17.71)0
,260,000
i
l
'
1
D< crease.
r
Od
to
1
.l.in
//K
1904.
1905.
Ocl
Elect
.Inly
Phila
i
Gross Earn'gsPrevious
Year.
Year.
I
t
oi ,926
58,985
227,680
198,300
Citrrcnt
Minn Gen
:
1719
—
In the table which
Latest Gross Earnings by Weeks.
follow- we sum up separately the earnings for the first week
The table covtM- :>9 r.>;i'l~ :iinl >hi)u.- s .(»•_•
of D
er.
over the same week lasl year.
inci
a th
•'
3
1
:
N
Cin Northern Trac. September
en
Ry & L'ht
1
280,008
C718.433
506,401
234,085
24,178
105,754
42.713
19,431
28,755
6,417
7,163
7
8
$
24,830
120,700
58,573
22,728
33,977
,402
5
12,720
9,055
41,359
55,025
66,159
i
62,028
73,222
51.909
240.007
ri.3,i.ls7
382,890
211.951
74,449
4,518,542
120,810
100,584
12,109
430
37
473, 8S9
747,128
0249,755
.704
100,712
47,7„S!
17
'
Net
Monthly
'2;s
to Latest Datss.
!"
— The
table
STEAM
lu icatine, la).
fol-
railroai
Is
October
..
TrCo October
.
Clev Painsv &
Id nber
Spring. October
3p'g&TJrb. Octoi
.
'
A
ment, including
ful]
itained,
is
all
1st
gi\-en
wk
Ry..
&
1
No-
'1
c
21.278
20,123
90,564
ne of
i
577
—
Cl
Tr
59
r
1
..::
'
1
Land C
toi Co 8
to
ElecCo
7,117
er
1
73,704
•
12
1
Co
id
.1
S
1,245
19
!
1
.Y
,2
49'
c71,
-
ae
Traction.
a
:.
1
,
C
1
tectric
10:
207,189
186,109
180,279
SO, 010
"
Nov. 18 1905.
Dee. 23 1905.
),432
Dec
k
ub
21,871
.
>
1
10,720
44 ,171
19,758
19,020
10,503
48,729
i
Illin
t
7
..
...
130
.1
I
Co
hrac
.
-,,;".,,
43t
38;
L(
3,9
Co—
Ir
.
1
I
661
70:
Light
!.
.
.
307
1
'
t
31
.
Traction
11
&L—
.
14.
!
.
1
1
1
31,726
'7.
1
.'7
•
1
i
i'
.
'
'
1
'
i.
'
7
.
'
;
'
I
1720
THE CHRONICLE.
Latest
Vavie o I
R(n
Crop Earnings.
Week ot
Month.
(
'urrent
Year.
$
Ht&Pow Go.lNovember
ran OakPd &
San Jose Hy
Octoh.
i.i
59,111
681 ,926
619,184
47,082
I'
Co
Seattle Electric
South Side Kiev.
Syracuse it T Ry
.
_
38,162
439,14
330,121
24,201
48,171
6802,176
481,600
0132,736
795,316
2,102,269
•2:V.l
November.
October ..
Co October ..
Tern- Hte & TL Co ictober _
Tol BowlGr&So Tr October ..
Toledo Rys & Lighl October ._
Toledo & Western. October ..
Toronto Railway
Wk. Dec. 9
Twin City Hap Tr 1st wk Dec
Tampa
Electric
United Rys oi st L
UAited of San Fran
Wash Alex & Mt V
Youngst'n-Sharon
J«
%
November.
October
_
NovemberOctober ..
,826
138.234
83,727
34,586
57. :>:m;
t
26,766
165,511
27,123
52,726
95,924
711,881
638,319
20,324
46,304
76~,387
203,232
127,740
71,828
32,708
47,405
1
/;670,274
450,054
1,496,867
790,.'',78
329,300
513,235
20,880
45,135
573,289
207,359
540,572
81 ,943
115,050
150, 19f
I.
1,440,140
183,647
2,248,454
4,010,600
9,289,372
5,507,437
226,063
379,208
876,629 27, 70S, 099
595,445 5,825,660
19,789
231,435
39,109
441,847
m
-
i
r"
ar^X#ay
^s!
^•
-
Street Railway Net Earnings.— The following table
gives
the returns of STREET railway gross and net
earnings
reported this week.
A full detailed statement, including all
roads from which monthly returns can be obtained,
is given
once a month in these columns, and the latest
statement of
this kind will be found in the issue
of Nov. 25 1905.
The
next will appear in the issue of Dec. 30 1905.
Roads.
Elect Corp.aOct
East St Louis
Jan
to
1-
Oct 31...
to
1
& Sub.Nov
Nov 30
Gross Earn'gsCurrent
Previous
Year.
Year.
$
515,860
378,402
4,518,542 3,242,109
118,218
129,821
1,223,065
1,248,146
24,979
21,630
71,399
63,626
23,927
22,274
149,471
142,054
El Paso Elect (Tex.). Sept
July 1 to Sept 30...
Galveston Elect (Tex.) Oct
May 1 to Oct 31...
Honolulu Rapid Trans
&Land_b
_
Oct
27,052
Jan 1 to Oct 31
267,117
Houghton Co. Street Ry.(Hancock, Mich.) .Oct
16,539
Jan 1 to Oct 31
dl34,997
Houston Elect _
Oct
46,324
Aug 1 to Oct 31...
137,566
Internat. Ry. (Buffalo) b
July 1 to Sept 30
1,206,683
Jan 1 to Sept 30
2,958,028
Crosstowa St. Ry b—
July 1 to Sept 30...
148,986
Jan
1 to Sept 30..
406,966
Jacksonville Elect.
Oct
25,797
Jan 1 to Oct 31
259,595
Northern Ohio Tr&LtaNov
77,110
Jan 1 to Nov 30. _.
878,200
St. Joseph Railway, Light
Heat & Power
Nov
64,095
Jan 1 to Nov 30. ..
681,926
'-savannah Electric
Jan
Oct
49,907
to Oct 31. __
481,666
Seattle Electric
Oct
232,826
Jan
l to Oct 31. __ 2,102,269
Tampa Electric
Oct
34,586
Jan
1 to Oct 31...
329,300
l
Terre Haute Tr
Jan
l
&
Lt. .Oct
to Oct 31. ._
57,336
513,235
Net EarningsCurrent
Previous
Year.
Year.
$
$
138,627
94,779
1,175,707
857,230
63,548
81,931
683,307
9,315
24,781
8,890
59,908
697,639
6,834
19,640
28,074
271,022
10,849
99,445
11,307
105,613
17,965
5,117
7,144
54,600
16,959
32,899
rfl65,737 def. 10,439
$
S
10,713
9,444
124,524
10,664
87,486
41,626
355,554
11,739
99,925
7,958
65,295
153,627
7,513
93,945
60,777
486,028
13.970
118,268
9,093
71,278
ANNUAL REPORTS.
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the "Railway and Industrial" and "Street Railway"
38,639
96,942
19,158
60,132
1,064,691
2,680,809
642,070
1,389,516
557,899
1,077,568
137,882
394,076
29,359
240,681
71,388
819,115
80,201
194,770
10,255
109,036
33,780
406,963
71,545
160,703
9,402
93,445
32,468
373,673
59,111
619,184
48,171
450,054
203,232
1,911,897
32,708
295,418
47,405
468,047
32,811
328,167
18,155
199,579
84,625
731,621
15,855
137,187
19,523
172,279
27,288
279,522
21,358
192,503
67,037
600,732
13,624
119,859
17,277
160,723
,
Interest Charges
& Elect Corp Oct
Jan
1 to Oct 31...
El Paso Elect (Texas)Sept
Cal Gas
July 1 to Sept 30...
Galveston Elect (Tex.) Oct
May 1 to Oct 31
Honolulu Rapid Trans &
Land
Oct
Jan
l to Oct 31. _.
Street
Current
Year.
$
d49,329
c/48,958
Bal. of Net E'ngs
Current
Year.
$
89,298
682,753
5,529
13,556
4,723
34,908
—
Previous
Year.
$
45,821
373,900
3,462
9,612
(M92.954
3,786
11,225
4,167
25,000
d483,330
3,372
4,820
48,319
4,433
44,300
26,572
255,129
£7,319
264,263
3,753
36,121
9,015
27,116
3,561
1,364
33,787 def.46,560
8,276
10,143
24,910
33,016
3,583
20,813
8,683
7,989
Ry—
(Hancock, Mich.) . Oct
Jan
1 to Oct 31.:.
Houston Elect . . _
Oct
Aug 1 to Oct 31...
Internat Ry. (Buffalo)—
July 1 to Sept 30. _.
Jan 1 to Sept 30...
Crosstown St. Ry.
July 1 to Sept 30..
Jan 1 to Sept 30
Jacksonville Elect . . . Oct
Jan
1 to Oct 31. ..
Previous
Year.
$
10,028
—
Page.
1431
1607
1490
American Cotton Oil
American Malting
1373
American Shipbuilding
1312
1313
American Typefounders
1311
Atlantic. & Birmingham
Atlantic Coast Line
1546, 1558
Baltimore & Ohio.
1546, 1554
Bangor & Aroostook
1311
Bergner & Engel Brewing
1608
Buffalo Gas
1663
Buffalo & Susquehanna
1310, 1319
1607
Canadian Northern.
Central Vermont
1488
Chicago Burlington & Quincy..81, 1369
New Orleans & Tex. Pac.,.1432
Cincin.
1487
Cleveland Lorain & Wheeling
Cleveland Ter. & Val
__14S8
Colorado Fuel & Iron
1373
1608
Consumers Gas, Toronto
1313
Corn Products (Hall- Year)
1488
Cripple Creek Central
1312
Detroit & Mackinac
Domin.I.&S. (5 mos. end. May 31) 1549
1434
Edison Elec. 111. of Boston
Equit. Life Ass .So. (statem't Sep.30)1663
1372
Port Worth & Denver City
1432
Georgia Southern & Florida
Granby Consol. Min. Smelt & Pow._1490
1313
Greene Consol Copper
1374
Homestake Mining
Independent Brewing, Pittsburgh.. 1490
1313
International Paper
1665
Interoceanic Ry. of Mexico
1370
Iowa Central
1374
Lehieh & Wilkesbarre Coal
Louisville Henderson & St. Louis. .1312
1433
Maine Central
1 490
Mergenthaler Linotype
etc.
Alabama Great Southern
Alabama & Vicksburg
.
Railroads,
etc.
—
Minneapolis & St. Louis
Mobile & Ohio
Nevada-Calif .-Oregon
New England Cotton Yarn
.New Orleans & Northeastern
Page.
1430
1371
1607
160«
1547
New York & Richmond Gas
1614
New York Susquehanna & Western. 1371
W. K. NiverCoal (bal. sh. May 1)._1435
Pittsburgh Brewing
1491
1491
Pitts. Reduc. (bal.sh. Aug. 31)
Pullman Co.
1314
1491
Republic Iron & Steel
1372
St. Joseph & Grand Island
San Francisco & North Pacific
1490
Seaboard Air Line_
1370
Singer Sewing Machine (New Jersey)1491
1547
Southern Indiana.,
1314
Standard Milling..
Toledo Peoria & Western
1433
1431
Toledo St. Louis & Western
1491
Torrington Company
1669
Union Pacific
1662,
1372
United Elec. Rys. of London
United Fruit
1548, 1561
1548
United Gas & Electric of N. J
1434
United States Finishing
1373
United States Steel Corp. (9 mos.) - .
1548
Vicksburg Shreveport & Pacific
1435
Virginia Iron Coal & Coke
.1433
Virginia & Southwestern
1310
Wabash RR
Westches. Light'g (Statem't Sep. 13) 160!/
1552
Western Maryland
1489
White Pass & Yukon
York Silk Mfg. (off. statem't Nov.l) 1608
Street Railways
1434
Montreal Street Ry
1171
New York City Rv
1611
West Penn Rys., Pittsburgh
—
{Report for the Fiscal Year ending June 30 1905.)
The report at length will be found on pages 1728 to 1738
review of the results for the year
of to-day's "Chronicle."
Below are the statisis also given in our editorial columns.
tics of operations for three years:
A
TRAFFIC AND TRANSPORTATION OPERATIONS— ALL LINE^.
Average miles of road operated
—
1904-05.
9,137.85
1902-03.
8,842.01
1903-04.
9,014.19
Passenger traffic
Passengers carried, including ferry
—
29,797,457
suburban
1293473849
Passengers carried 1 mile
43.41
all passengers __
miles carried
Av.
Aver, received from each passenger
$1.84
other than ferry suburban
Average per passenger per mile
2.183 cts.
other than ferry suburban
$3,206.92
Receipts per mile of main track
SI .65
Receipts per revenue train mile (a)
Average No. passengers per train __
65.15
other than ferry suburban.
—
—
—
— —
—
Freight traffic
24,464,827
Tons carried, includ. co.'s freight
. .6561349589
Tons carried 1 mile.
"18,041
Ton miles per mile of road all fr'ht
268.20
Average miles hauled all freight .
Average received from each ton
—
—
30,668,125 31,446,491
1269725211 1188399066
41.40
37.79
$1.77
$1.81
2.141 cts.
$3,114.64
SI. 59
2.175 cts.
$3,050.95
$1.55
63.00
63.63
23,684,348
22,230,367
6562648418 6308502359
728,035
711,099
277.09
283.78
1.022 cts.
commercial freight
Av. p. ton p. mile com'l freight ..
Receipts per revenue train milecommercial freight (6)
Ton miles per revenue train mile-
$2.97
1.046 cts.
S2.92
1.014 cts.
$2.91
$2.60
freight (av. tons per train)
miles per traffic mile all freight
(average tons per train)
Average tons per loaded car all
341.32
325.54
320.31
290.13
275.30
267.43
18.96
19.31
18.67
—
and Surplus.
-Int., Rentals, etc.
Roads.
This index does not include reports in to-day's "Chronicle.''
Railroads,
Southern Pacific Company.
a Net earnings here given are
after deducting taxes.
earnmgs here ^ ven are before deducting taxes.
h rLir
a i amng off due to a strike and
a boycott by the trades unions.
Houghton Co.
to Oct 31...
1
—
-Bal. of Net E'ngs
Current
Previous
Year.
Year.
sections.
i
Jan
10,430
101,001
—
Previous
Year.
%
23.024
249,149
10,694
105,017
25,411
245,178
1,885
19,934
9,319
95,428
x After allowing for other income received.
d Also includes sinking fund charges.
-
.
&
Jan
Rentals, etc.
is, 91
& Lt..Oct
Terre Haute Tr
724,298
1,911,897
1,381,278
705,530
295,418
468,047
from Apnl 1 190 5
b Totals are from J " ne 2 5 in both
f
t ^
from July 1
both years, d There are results for
1 -p f?
m-iirf'linp
lotals a'!? from Aug. 1 in both years,
h There are the,
JSSttJS?' °
(
r
s ° al1 ^e constituent companies.
* Decrease due to
stri£
,?, boycott,
S
x Decrease due to the fact that the Louisiana
P. lio?
i J
n a
nlMt
z TotaIs
v SpaniSh Silver
ffi b oth
Cal Gas
Roads.
Northern Ohio Tr * I.t Nov
Jan 1 to Nov 30
Savannah Electric
Oct
Jan
1 to Oct 31...
S>-att]<- Electric
Oct
Jan
1 to Oct 31...
Tampa Electric
Oct
Jan
1
to Oct 31...
$
Int.,
Current
Year.
$
23,067
253,336
10,642
105,634
23,848
245,593
1,885
ILOUH
Year.
ear
32,217
40.007
14,725
85,684
Paulo (Brazil)
Tram L & p Co. Wk Nov 19
Savannah he Co October ..
Schuylkill Ry Co.. November.
October
October
>
—
date.
oi. our,
i
Seranton Hailwav
I'll
S
1
.sao
latest
l<>
i
Cum nt
lull
I'
Year,
Ry
St Joseph (Mp)
I'll
Jan.
[Vol. lxxxi.
all
S3. 00
Ton
—
freight
a Based on revenue passenger and all mixed train miles, but excluding
locomotives, light and helping, b Based on revenue freicht and all mixed
train miles, but excluding locomotives, light and helping; the methods
prescribed by the Inter-State Commerce Commission of the United States.
V. 81, p. 1242, 900.
—
242,106
715,561
238,112
627,864
2422,694
2723,029
2340,866
2496,578
47,239
133,557
3,380
31,140
44,629
127,359
3,017
30,766
233,960
264,326
6,875
77,896
227,848
236.380
6,385
62,679
Massachusetts Electric Companies.
(Report for Fiscal Year ending Sept. 30 1905.)
President Gordon Abbott, under date of Dec. 1, says in
substance:
General Results.
The lines cover so large an extent of territory that
—
they feel immediately any disturbance in business conditions in the eastern half of the State, and such a disturbance existed in Fall River during
t'le first six months of the fiscal year in the shape of a strike of the opThe loss in gross earnings in the city of
eratives in the cotton mills.
Fall River during the past year was $41,310, instead of the considerable
increase in gross earnings which might otherwise have been expected,
inasmuch as the other lines of the Old Colony Street Railway showed an
The decrease in gross above referred to
increase for the same period.
7
.
THE CHRONICLE.
I)Kt\ 10 1905
ma
L72J
practically a decrease In net, tor It was not possible to reduce the
car mileage to any appreciable extent.
The winter, while by no means
as severe as the winter of 1903-04, was still much more t
any other winter since the Massachusetts It
railway operation than
statement of
parties were formed, as uiii be shown by the follov In
the expense on the lines during the past six years for t he removal
mow and Ice: 1900, 120,378; 1901, SI ,293; L902, Ml, 301;
These figures do not include
,459; 1604, (173,085; 1905, I82,H58.
amount expended for increased consumption of coal, or for thi
pairs to e luipment, power stations an ears, made n< c a arj bj a severe
winter, which were especially cos l.\ lasl year.
he past summer also pave mo e than the usual proportion of stormy
1'hc business '-.onv on Sundays and holidays
3
Sundays and
to Sept. ;>ii amounts to more than
from Slav
of the t ita] passen
t:er business of the year,
ihe earnings on those lays amounted to
.lor in 1904 and 9724,555 in 1905, an increase of less than r .while
the Increase in the total earnings for the same months amounted to
$135,665, or »'..'
The operating companies an In better condition to do a
present.
profitable business than at any time in th>- past three years, and If con
is should be reasonably favorable in the future, then- can bardlj be
any doubt as to their ultimate prosperity.
Earnings
Expenses
6,734,128
1.456,303
0,863
4,479,620
The new power station at Qutncj has taken o:i the
Additions, dbc.
operation of practically the whole 01
Colony street Railway system,
and since June 1st 1905 has furnished all the power south of Boston, with
The economies resulting have more man paid
unimportant exceptions.
the i:i;. Test on the money investe I, and Instead of being short of power,
a-, the condition previously, there is now
a surplus large enou
take care of all the increase in business which Is likelj to occur In the next
rive years.
During the past year additional machinery has been installed at Wob irn and Gloucester, and steam turbines are now being
This work should give the Boston i
Haverhill.
erected at Salem an
power to take care of any probable increase In the
Northerbusiness during the next fe.v years.
In the last annual report a summary was given showing that $10,549,t'.si im,i been expended wi the various properties since you became interested in them.
During the late fiscal year $2. 255, 77s was expended
track and line construction, $741,301;
for the same purposes, vlr.:
cars, plows, rolling stock and electrical equipment, $158,160; land and
builditi s, $52,731; power stations and machinery, $779,434; sundry
ipment, $194109; total, $1,751,535; track and line reconstruction,
$504,243; grand total, $2,255,778.
More money has been spent neon maintenance of track and equipment
than In any previous year.
The increase of maintenance charges over
those of the preceding fiscal year is S9t,0i4.
In addition, the extensive
reconstruction of the past year has rei laced 17 miles of inferior track with
lush-standard work; 66 miles of wire have been in like manner replaced
by reconstruction. Also .-even miles of new track have been built and
2J2 miles of new wire installed.
The condition of track, equipment and
power is better than at any lime in the past istory of the companies.
The Boston 4 .Northern and Old Colony Street Railway companies Own
or control 866 miles of track in 3 States, 22 cities and 66 towns.
Net earnings
Charges
2,277,825
1,513,515
1,901,343
1,4621,1 26
734,310
ns
438,717
406,003
1840.855
840.233
301.862
def.27.2S0
sur. 0.022
I
tin-
-
T1h consolidated income account and balance sheel of the
controlled companies and the income account and balanci
sheel of the Massachusetts Electric Companies were as belov
v
I
i
H
l
,
OONSOLIDAj" ED INCOME ACCOUNT OF
WD
STREET K.UI.WW
mi
HI
I
R
OPERATING
ELECTRIC LIGHT COMPANIES.
i
1903-04.
1904-06.
s
looi 02.
1902-03.
s
$
|
,090,168
3,827,372
1,011
l
4,155,909
.
2
1
,
78 ,002
1
,83
1,391,239
i
I
1
Divisible
income
Dividends
372.
.•
Balance
871,.-.:..
1,390
sur.195.I67
CONSOLIDATED BALANCE SHEE1 OF Ail STRE1 T RY. \M> ELECTRIC
LIGHT COMPANIES CONTROLLED HV THE MASS. EXEC. COMPANIES FOR THE VEAR ENDING SEPT. 30.
1
t
1
—
As against the above work, and some which was done in
Secur ties.
the previous fiscal year, the Railroad Commission authorized during the
vear the issue of $700,000 stock and S500.000 bonds of the Boston &
Northern Street Ry. Co. and $500,000 stock and §500,000 bonds of the
Old Colonv Street Kv. Co. Application for an issue of ;i further amount
of $200,000 par value of stock of thejOld Colony Street Ry. Co. is now
pending, and it is the intention of both of the above-mentioned companies to apply for permission to issue further bonds as soon as this
matter is settled. (See also "future requirements'' below.)
The trustees of the Massachusetts Electric Companies now hold for
the benefit of their shareholders 1S2.001 shares of stock of the operating
companies, is against 80,393 shares taken over by them at the time of
the formation of the trust in June 1899.
;
—
Depreciation.
A considerable portion of the work'lone during the
The amount of depreciation
past year has been reconstruction of track.
found bv the Board of Railroad Commissioners on the figures presented
to them of work done between May 1 1904 ami Aug. 31 1905 was $31 ,<>71
This amount has been charged off by the operating companies; so that
there is no further charging o'T to be done on account of any reconstruction completed before that date.
Future Requirements. The experts estimate the amount necessary to
be spent in the next two or three years in order to put the entire properties in first-class condition to do the business as -?3, 555. 044, viz.:
Track construction, $443,636; reconstruction, $1 ,377,038; cars and snowplows, $1 ,069,245; feed wire and bonding, $159,900; power -tations
mow under construction"), $281,225; buildings, $223,400. The trustees
are of opinion that it will also be desirable at some time in the future to
invest about S290.000 in new car barns and about $600,000 in repair
shops, which should
sfderably more than the interest on the
invest men*..
There are now in the treasuries of ihe operating companies 81.390,500
bonds, and application will soon be made for leave to issue others on
account of work done since Aug. 31 last. These bonds will be sold when
the directors of the operating companies deem it advisable so to do.
The proceeds should provide funds enough to complete work which will
justify an application for leave to issue additional stock of a par value
of 81,500.000, wl ich" will be taken by the Massachusetts Electric Companies and Dai for by surrender of note, held in the treasury at the date
of the publication of this report.
The issue of this stock will give the
operating compani >s the right to apply for leave to issue a further am
of $1 .500,009 in bonds whenever that amount i- expended on the abo
!
—
•
The cost of reconstruction is divided by the Railroad Commissi) ners
into two, about equal, part-, one of which may be capitalized and tinited as depredation; it is therefore
other
robable that th< re
will be about 8675,000 to lie charged off on this account dt ring the
three vears.
Comparison. The year ending Sept. 30 190.) is compared with ll at
ending Sept. 30 190-5 as follows: lucres
lss income, $1 ,0S1 ,200;
increase m expenses and fixed charges, Si ,022,967, viz.:
Mai
of roadway and track, $54,279; maintenance of equipment, $179,857;
wages, conductors and inotonnen, 8-330,071; cost of power, $109,921;
accidents and accident insurance, $58,552; winter
$62 280;
fire insurance, $25,247; taxes, 985,865; interest on bonds, $40,211; miscellaneous interest, $67,082.
Coupon Notes.—Ot the Issue of $3,500,000 coupon note- to be -cured
by the deposit of certain shares of the operating companies as collateral,
$2,700,000 were issued early in ooi and become due Jan.
The
1906,
have in the past purchased substantially nil the issues of capital
: of the operating companies which have been authorized from lime
to time, and have made payment therefor by turning over the not
the operating companies held in the treasury of the uassachua
trie Companies,
with a view to Increasing the amount of noti
it was deemed wise, coinddentally with an extension of the Issue of M
chuaetts Electric Companies' notes already outstanding, to issue the
balance of $800,000 alreadv authorized, but a- yet unissued,
At a
-p.-ejai meeting of the shareholders held on July 2s 1905,
n the trustees to arrange for the sale of (3,500,000
pon notes
of the M
lectric Companie
ding
old, and the proceeds will be used for the retirement of tl
due on Jan. 1 next. The discount on the new notes, amounting to $1.57,500, has been charged oir to profit and lo -
mm
i
—
I
-
l
i
I
The unusual amount of reconstruction determined by
No D
the Railroad Commission during tl
d a chai
$311,971 to the prohr and lo
Hi of the 0p<
The remaining surplus permitted dividends of only -"
for
it
pting in the Hyde Bark El
Co
paid
These dividends were pari u to the tn
-
.
,
Electric Com
it
after
notes, your 'r
the preferred share'til to be done on
view oi
Thejj
that this conse rvatlve policy is the wl
e
<
m
coupon
>
I
for
1905.
1
1904.
£
s
Liabilities—
S
I
18 199.900 16.760,100
d 35.560,018 Capital stock
Property.'
37,896
Cash..
539,600
770, 429 Funded debt..
16 361,500 15,169.500
l.L's:s,002
160. TOM Votes
lf>7,!)12
a3, 471,653
tccts. rccclv., &c.
Coupon deposits .
90.303
84,038 Vouchors, acctS.,
salaries, Ac
582,610
Sinking
and re345,138
84.037
demption funds.
68,109
90.303
70,440 Coupons oulst'd'K.
564,771
Int., rentals (fctaxes
569,101
Prepaid taxes, ln54,233
sur. and rentals.
61,469
349,448
68,920 DiVB. ilecl'd imp'd
10,000
41,00!)
144,390 Renewal fund
Lease accounts
79.473
112,908
Materials and sup's
552,873
708,789 Surplus
82.560
Discount on bonds
($
1
.
.39,499,946 37,567.727
Total
.39.499,946 37,507,727
Total ..
a Of this amount SI, 300. 153 was held by the Massachusetts Electric Companies
and the Massachusetts Street Railway Accident Association.
MASSACHUSETTS ELECTRIC COMPANIES— STATEMENT
PROFIT AND LOSS YEAR ENDING SEPT. 30.
OF
1903-04.
$
1902-03.
$
1901-02.
$
466,016
105,181
840,738
85,371
697,960
97,994
571,197
926,109
795,954
9,000
6,223
121,500
«61 6,722
9,000
5,887
121,500
782,215
9,000
8,148
121,500
625,213
Total
143 ,570
753 ,445
Balance for the year, .sur.306, 000 def. 182,248
9 IS, 602
sur. 7, 507
sur .32, 093
1904-05.
—
Income
$
Divs. on stocks owned. .372,540
Mis.c-.int. on notes, &c. (net) 77,030
Total income
449,570
Expenses
Salaries
General officers. 10,500
Legal and miscellaneous . .
5,670
I nterest
1 27 ,400
—
—
Div. on pref. shares
(4°/,
remainder,
MASS. ELECTRIC
1
—
2%
1904;
July
and charged
$616,722.
No
S
Sundry stocks, &c,
1904). $822,296; less
and loss on that
dividends since-.
V. 81,
1
to profit
35,939
1.305.000
Miscellaneous
1,018
Divs. receivable..
349, 40S
.
30.
1904.
1905.
Liabilities
S
?
$
Preferred shares. .20,557,400 20,557,400
Conuhon shares... 14,293, 100 14.293.100
33,026,745
Coupon notes
3,500,000 2,700,000
2.711 ,(100 Vouchers payable
1.390
.187
69,7691 Res. for dis. on
coupon notes
121.500
1,750,0001
1904.
—
I
I
treasury
29,913,785
Stocks deposited to
secure cp. notes. 7,080,000
ID
.
1
2,450, Accrued interest on
coupon notes.
54,170]
.
.
Dlv.&coup.tmc.for
&
Profit
—Total p.
V. 81,
763,861
COMPANIES— GENERAL BALANCE SHEET SEPT.
1905.
Cash
Notes receivable.
Jan.
to Sept. 30 1903
date. $205,574;
p. 1665.
Assets
)
(2%
a Dividends paid
amount accrued
38.691.150 37,614.134
loss,
sur
.
30,375
2,450
29,420
39,375
668
176,919
38,691. 150117.61 -1.134
Total
1665. 1493.
Pope Manufacturing Co.
(Report for the Fiscal Year ending July 31 1905.)
l
mentioned work.
1904.
15)05.
I
President Albert A. Pope, under date of Dec.
substance:
(i.
says
in
In the reorganization of the business of the company the industries in
nil of its factories and in those of some Ol the subsidiary companies
were found to be not only unprofitable but of a description that it
The liquidation of such inseemed impossible to continue at a profit
dustries seemed to be, therefore, inevitable, and thus far has been accomplished, I believe, v.iih the least possible loss,
other departments of
the company have, on the other band, shown large profits, which have
been nearly absorbed by the losses and expenses of liquidation and tiecost of maintenance of unoperated factories, the latter item amounting
for the year to $90,261.
These unavoidable burdens on the earnings
are, I believe, largely a matter of the past the liquidation of unprofitable
departments being nearly completed and factories not operated by the
company having b<
The changes and
d or otherwise disposed of.
evolutions in the business have made necessary the purchase of a large
quantity of new and modem machinery for the gn ater economy of manufacture, and now our operated factories are well equipped and in excelli nl
condition to produce goods satisfactory In quality and cosl
The manufacture of automobiles, w bJch is now the larger part of the business ol he
company, is a comparatively new industry, and it ha- taken much
Wi
and money to experiment and produce roods of a standard quality.
believe that <<
a nigh position In the line 01 manufacture of
these goods, ami thai further expendituri
direction will be lim.
,
t
I
i
ited.
The
yea
the Bsci
gross sales of automobiles and bicycles durin
'*
The
$7,547. 5os, an increase over the prei
current assets an
1,418; the current liabilities arc $1,182,725.
The real estate and buildings and their equipi lent df mat
re all
in fine condition, and there la no bonded de6t oi ll< n o
ration
for
on the property.
Reserves have been created out ol
the renewals of machinery and equip
comable, and Interna] profits between department* and
panies have been eliminated.
Tin- amount ol business done bv the company during
onths
of the new fiscal -.< ar con
hat of t
nlzutlon i- nearlj
period of the year lust ended, and
the r< sull
oi thi
completed, and los esfrom llqui
compi
«i Ion
hould be mor<
I
I
t
i
i
The profit and loaa accounl and combined bal
Including the subsidiary compani
iheel
THE CHRONICLE.
1722
PROFIT AND
LOS.S
ACCOUNT.
7,801,145
1903-04.
S
7,226,590
6,496,396
',,095,794
1,304,749
loss 73 ,360
72,612
,230,796
gain 6,507
55,651
1,303,995
1,292,954
15,919
29,267
71,589
1,1 4 7, S95
87,220
50,993
1904-0.-,.
$
md
earnings.
Less manufacturing and producing costs and operating expenses
President M. O. Adams is quoted as saying:
Our stockholder., have waited patiently since July 1 1896. when the
dividend was reduced.
During these years the road has been greatly
improved in its physical condition; the equipment has been doubled:
fares have been very materially reduced and wages of employees have
been voluntarily Increased on an average of 10T^.
The stockholders
are
Net>
ings
Miscel
Interest
Total
i><
id
a
ni
'
gains and losses
discounts received.
income
.
1
duct—
Administrative, selling and general expenses...
Commercial discounts and interest
Interest at d discount on loans
Balance,
1
,1
surplus.
COMBINED BALANCE SHEET JULY
1905.
Assets
S
Cost of prop.. Ac. IS, 553,987
346,850
Def. ch'geto oper's
Materials and sup.
at or below cost
Misc. investments.
068,999
692,929
82,688
286,284
Cash in banks and
on hand
202,519
2,
Ace. rec., less res'v
Bills receivable
Total
—V.
94,066
31.
1904.
1905.
Liabilities
$
$
$
19,453,912 First pref. stock .
2,429,676 2,500,000
297,167 Second prer. stock 9,183,000 10,000,000
Common stock.. .10,000,000 10,000,000
3,111,398 Stock of Federal
105,600
734,9041
Co. outstanding
98,154 Bankers' loans...
825,000 1,095,000
"
126,330 Accounts payable.
306,206
310,055
Pay-rolls accrued.
51,519
43,317
283.099 Res. for renew. ,&c.
75,000
Surplus
23.859
50,993
1904.
—
I
|
1
22,894,201 24,104,965
22,894,261 24,104,905
Total
SO, p. 2348.
GENERAL INVESTMENT NEWS.
[Vol. lxxxi.
now having
their proper retuTn In a larger dividend.
—
— V.
69, p. 953.
—
Boston & Worcester Electric Companies. New Trustees.
At the annual meeting on Dec. 7 the following trustees were
elected:
Messrs. K'ellc-y, Chapman and Underwood, succeeding Messrs. Parker, Moen and Toulmin, all deceased:
For three years— A. E. Childs, Philip Stockton, R. T. Paine 2d,
Win. M. Butler, James P. .Shaw. For two years— Stillman F. Kellev,
Maro 8. Chapman and Win. L. Underwood.
Report.
President Shaw states .that during the year
ending Sept. 30 1905 the company earned
on its preferred shares after liberal deductions for maintenance.
—
4%
A 2,000 k.w. turbine has been installed. See statement for
the controlled company, the Boston & Worcester Street Ry.
below.— V. 80, p. 1911.
—
—
Boston &yWorcester Street Ry. Report. The results for
the years ending Sept. 30 1905 and 1904 compare as follows:
Gross
Net
Interest
Taxes Dividends Balance,
Year.
Earnings. Earnings. Charge.
Paid.
Paid. Surplus.
1904-05
$453,904 $218,710 $80,525 $33,123 $103,494 $1,568
1903-04
400,022
88,192
179,489
46,944 44,353
The balance sheet of Oct. 1 shows outstanding capital stock, 81 ,725,000;
funded debt, $1,717,000; notes and accounts payable, 8373,595: less
cash and other assets, $171,786; net floating debt, 8201,809.— V. 80,
p. 649.
—
—
Brooklyn Heights RR. To Guarantee Bonds. Brooklyn
Union Elevated 4-5% bonds and Kings County Elevated
RAILROADS, INCLUDING STREET ROADS.
4% bonds will be guaranteed on two days in each month
Alabama Great Southern Ry., Ltd. Liquidation. The in 1906 by the Brooklyn Heights RR. Co. at 85 Clinton St.,
shareholders will vote Dec. 29 on a proposition to liquidate Brooklyn, N. Y., between 9 a. m. and 12 m., as follows:
the company (the English organization) in accordance with January
16 and 30 May
15 and 29 September 14 and 28
15 and L'S June
15 and 29 October
15 and 30
the agreement made on Nov. 23 with the Southern Railway February
March
1 5
and 30 July
16 and 30 November 15 and 30
Co., as provided in the following letter from Samuel Spencer, April
16 and
15 and 30 December
14 and 28
President of that company, dated Oct. 13 1905:
— V. 80, p. 162. 30 August
As you know, the Southern Railway Co. has acquired as a permanent
Brooklyn Rapid Transit Co. Bonds. Application has
investment a clear working majority of all the outstanding shares of
made to the New York Stock Exchange to list 83,the Alabama Great Southern Railway Co., Limited. It would seem, been
therefore, that the necessity for the continued maintenance of an English 042,000 additional first refunding mortgage 4% bonds of
holding company no longer exists. For these considerations, I would 2002, making the total listed $20,042,000.
The additional
submit to you, on behalf of Southern Railway Co., a proposition that
bonds include $2,500,000 sold last July and $542,000 sold
your company be wound up, the holder of each share of the English
V. 81, p. 1664. 917.
company to receive in exchange therefor an equivalent amount at par since that time. All for improvements.
in snares of the same class of the American company — the Alabama
Chattahoochee^ Gulf RR.— Called Bonds.—Ten (810.000)
Great Southern RR. Co. As the par of the shares of the American
Company held in your treasury is the same as the par of the outstanding first mortgage bonds will be redeemed on Jan. 1 1906 at the
shares of your English Company, such an exchange would seem to be Citizens' Bank of Savannah, or at the office of the Treasurer
practicable.
of the company.
V. 77, p. 2279.
After the unfunded arrears of dividends upon your preference shares
—
—
—
—
—
—
—
have been paid as I understand you contemplate doing in December there will be two chief classes of debts to be looked after, viz.,
(a) the debentures, amounting to £134,000 and (6) the funded arrears
of dividends on your preference shares, amounting to £53,257 15s,
bearing 4': cumulative interest, unpaid since June 30 1892, or, in round
figures, there will be due on Feb. 1 1906 (say) £81,000.
(a) As against your outstanding debentures you hold an equivalent
amount of ""debentures of the American Company, both of which will
mature on Aug. 15 1906, the Southern Railway Co. will undertake to
find a purchaser for all the debentures of the American Company as of
Feb. 1 1908, for cash, at a price sufficient to pay off the principal and
shall
—
accrued interest of the outstanding debentures of the English Company.
(6) Your outstanding certificates of funded arrears issued under Act
of 1888 are now redeemable only out of surplus earnings; but to further
promote the liquidation, the Southern Railway Co. will guarantee the
absolute amortization of such funded arrears, together with the interest
heretofore accrued upon them, in five years' time from Feb. 1 1906.
To accomplish this the holders of your outstanding funded arrears
certificates will be asked to accept in exchange therefor a similar obligation of the Alabama Great Southern RR. Co., issued by- it to fund the
equivalent arrears of dividends in respect of its own preference shares,
together with accrued interest thereon to Feb. 1 1906. This new obligation will be a firm agreement to pay every six months for five years
from Feb. 1 1906 one-tenth of the amount of the principal thus determined, with interest thereon at the rate of 4% per annum, and upon
the certificates of such obligation, the Southern Railway Co. will endorse
its unconditional guaranty.
Such a funding plan would,
would seem reasonable to expect,
permit the Alabama Great Southern RR. Co. to continue to paj dividends upon its preference shares as heretofore, and provide for the
payment
a specified time, of the funded arrears which in their
present
an obligation of the English Company, stand in the
way until
if any distribution upon the ordinary shares.
i
1
;
.
— The
directors have declared a dividend of
on "A" preference 6% shares on the £664,570 stock,
subject to the Act of 1838, paj^able this month, making
6% paid during year, and 3J^% on the remaindi r of the
issue (£11.500), bringing the dividends on all the "A"
shares up to due date.
V. 81, p. 1431, 1241.
Atlantic Coast Electric Ry. Reorganized Company.
This r;
ompany was incorporated at Trenton. N. J.,
on Dec.
ith
0,000 authorized capital stock, as success no
tl
titic Coast Electric RR., recently bid in at
foreclosure sale for Henry H. Rogers of the Standard Oil
Dividend.
2%
—
—
—
y or with associates. The incorporaL. Spier, William Evarts Benjamin and
Henry H. Rog rs. V. 81, p. 1435, 974.
Co., eitl
tors are Charles
i
—
Chicago Cincinnati
&
Louisville
RR.
—Status. — In
view
Hamilton & Dayton
and the Pere Marquette companies, and the probability that
of the receivership of the Cincinnati
steps will be taken to separate the Chicago Cincinnati &
Louisville from the C. H. & D. system, the following state-
ment, obtained by the "Boston News Bureau'' from the
former owners of the C. C. & L. which was built by Boston
,
pertinent:
The syndicate which built the C. C. & L. was approached in the
summer of 1904 by interests representing the Pere Marquette, with a
view to purchase. Negotiations culminated on July 5 in a sale of al
The Pere Marquette
the stock of C. C. & L. to the Pere Marquette.
capital,
is
paid for this stock S3, 500, 000 4% 10-year collateral trust bonds, secured
on the $4, 206, 000 stock of C. C. & L. The bonds are Pere Marquette
bonds. The syndicate agreed to deliver the C. C. & L. to Pere Marquette, free of all floating debt, and with bonds at 825,000 a mile, includIt was stipulated that, while the road would be deliving equipment.
ered immediately for operation, control of the directorate would not pass
until the collateral trust bonds were also endorsed by the C. H. & D.
The bonds endorsed by the C. H. & D. have not yet been delivei
and the original syndicate controls the directorate of C. C, & L.
.
holds the executive offices.
The C. C. & L. is a standard-built, 70 and 85-pound railway from
It has its own terminals in Cincinnati.
Cincinnati to Chicago.
Ii
a contract for terminals on Chicago Terminal, but the line lacked nine
In consequence the road
miles of a connection when the road was sold.
lit rates for a Chicago connection.
This is
pays 50<7f of its throu h
the reason why the rev ha not earned its charges, let alone pay divithe collateral trust bonds.
dends on the stock that securi s
Under the arrangement for sale, the nine-mile connection was to be
id on
built by the new control' with money provided by the sell rs,
rer been
That connection
deposit in a Boston trust company.
The money is still on deposit in Boston.
built.
No commission was paid to the United States Mortgage & Trust Co.
.
i
f
1
or
any one else.
This sale of C. C.
& L. to Pere Marquette is not questioned,
a legitimate sale cf a railway propi !v by its owners to another
The trade was concluded some da^
for a proper consideration.
the C. H. & D. bought the Pere Marquette.— V. 81, p.
Mayor Dunne's Play
Chicago Union Traction Co.
—
HY
-
'
-
The Chii ago City Council on Dec. 5. by a
tracked.
proposition
ery
44 to 22. side-track'.
Alderman be given blanks to circulate for bh< signatures
propositi
o lum
necessary to auth< riz<
Uev
For the pu
to issue Mueller < rtifh
ouncil al
(V. 81, p. 1492.)
roads of the city.
passed resolutions asking J nes Dalrymple of Glasgow for
'
'
'
i
.
i
I
I
I
Augusta-Aiken Railway & Electric Co. Change in Con- bis opinion on the st
ib
ituatioii in Chicago, and
A New York syndicate ha
mtracted to purchase providing for the employment of experts to determine a
the control of this compa
br nsfer
ivas to be
subThe M
reasonable price for gas in Chicago.
made yesterday. V. 78, p. 341.
and lower
ent ga
mitted an ordinance provi
Baltimore Chesapeake & Atlantic Ry. New President.
prices for electric lights.
Chase
has ;<".>n elected P
e
:nt and directoi to sucton Nov. 28 recomThe committee on local trans
ceed S. M. Prevost, deceas
to the same
new traction
itions in mended to the City Council for pa
the Maryland Delaware &
i.a Ry. Co.
on from
V. 80, p. 1420. ordinances, raisins; the city's pro
tgs.
an average of 7.42% to 8. 5<
Boston Revere Beach & ':'.;
RR.- Dividend Incret
The din ors have declared a semi-annua] dividend of 2%,
d the
Loan Authorized. -Judge Gr
payable January 1 to holders'of record
aber 16. This receivers to borrow money with which to pay the interest
increases the annual rate from 2%, as pa
ilarlv since on the Consolidated Traction Company's general mortgage
1896, o 4%.
bonds, if necessary.— V. 81, p. 1492. 1241.
trol.
—
•
—
—
:
I
.
.-•>
—
\
i
I
•
•
— —— —
"
i>
}•.<.
——
—
& Dayton Ry. Dej
committee, consisting of
Hamilton
i
!
ithers,
X. Walla
.
Si
..
tection."
preferred stock of the C. H. & 1>.
collateral for the aforesaid notes have no
voting power so long as the Interest is paid on the notes,
but with default on the notes the stock would regain its
right to vote.
Rumor of Syndicate. An unconfirmed reporl states that
J. P. Morgan has formed a syndicate, including himself,
Norman B R< am 11 McK Twombly George F. Hake!-, e1 al.
to hold the cci imon stock recently surrendered by the Erie
77,500 shares of
deposil
irt
—
.
Co.
.
.
—
George W. Perkins has been elected chairman
the board.
See that comStatus of Chicago Cincinnati <ft Louisville.
Chairman.
—
pany above.
—
Suit (<> Hold Stockholders Liable.
Harris, as
Geo. \\
holder of a bond issued by the C. II. & D. in 1892, filed suit
in the Superior Court at Cincinnati on Deci 9 to hold the
stockholders of record prior to Nov. 3 1903 (when the constitutional amendment was adopted relieving the shareholders of Ohio corporations from double liability on their
stock, see V. 77. p. 2342) liable for the debts incurred by
V. SI, p. 1664, 1(i09.
the company before said date.
&
Southern Ry. Payment of Equipment Trusts.
The company on Dec. 1 called in and placed under its
new mortgage all the outstanding equipment trusts.
Joseph II. Young, General SuperinGeneral Manager.
tendent, has been appointed General Manager, to succeed
J. M. Herbert.— V. 81, p. 1241. 1169.
Colorado
—
—
Columbus (O.) Ry. Modification <>f Lease. At the annual meeting on Jan. 16 the shareholders will be called upon
to vote upon the proposition to modify ami amend Cue
of the railway to the Columbus Railway & Light Co.. dated
June L8 1903. V. 7(3. p. 1400.
Columbus O.i Railway & Light Co. Modification of
Lease.
See Columbus Ry. above.— V. so. p. 117.
1
—
—
l'-
—
&
Co
amount
total
$45,705,700.
listed
additio
Bl, 200, 000 have hen issued at par to the
ir value ol
said company's
Fuel Co. in exchanee foi
"
bonds being part
••
;i 2,000 remain
i< ri at
thorize
of *2 .000 ,000, of \
and $99,000 have been canceled to meet sinking fund reJ
thereof have been issui
reset tiie capital stock of the
Grande Southern KR.
Rio Grande Southern R.R. Co. consists
are owned by tl
er & Rio
th<
i
-
:
due Nov.
office of
<mi:
.
.'
i
,
1935;
rustee.
t
uid
5
inti
!
compi
rhe
1905.
om-
bonds have
to be used to paj the af<
ire mil*
of rail 'oad in Mi
and to acquire
\. ('.. and also the Cranberry fnn and
land adjacent thereto in Mitchell County fi
17s.
Cranberry Iron A Coal Co.
V. 81, p.
bts
y
of
I
'
j
for loans aggri
.7.">i'>.
1
I
.
I
I
—
Called Bonds.
International Traction Co., Buffalo.
Us
Nine second mortgage bonds of the Buffalo & \:
lot for
1896 have
Electric Ry. dated July
redemption on Jan.
1906 a1 the Mercantile Trust Co.,
'>.
New York, al 1(>."> and interest. V. 81, p, 1665
Great NortherngiRy. of Canada. See Muck uzie-Mann
V. 70, p. 2795.
Railway system below.
I
I
I
—
&
Green Bay
KR.—Added to
Western
CommitU
illiara
-
E. 1). Stokes, a large holder of debenture 15 bonds
elected a member of the protective committee
those bonds.
See V. 81, p. 1005, 841.
Halifax
&
Southwestern Ry.
—
— See
been
-
inting
i
Mackenzie-M
in
Rail-
i
way system below. V. 80, p. 2219.
V 'dens
Hudson Valley Ry. Receivership Rescinded.
tails on December 3 Justice H. T. Kellogg, of tl.
me
3u]
apCourt, on motion of the company, rescinded th ord
—
pointing Jarvis P. O'Brien of Troy as receiver
pany.— V. 81, p. 975, 777.
Illinois Central RR.
See Tennessee Central R
V. 81, p. 1436. 1315.
—
Illinois
>'
com-
,
iw.
I
— A1
Mr. Earling MadeChain
Tunnel Co.
annual meeting on Wednesday A.
J.
Earling
the
of
it
of
the St. Paul, was elected Chairman, both of
V. 81, p. 61! ,725.
directors and of the executive committee.
See Mackenzie-Mann RailInverness Railway & Coal Co.
way system bi low.
—
—
I
T
rtyKansas City Raihvay & Light Co. Called Bon
three Corrigan Consolidated Street Ry. first mo - 1906
gold bonds will be paid at the Central Trust Co. Jan.
at 110.— V. 81, p. 555.
Kansas City Southern Ry. Notes. As we g
»rothe directors are in session arranging the details
$5,posed issue of notes, reported to be for the amount
100,000.
The money is to be used for improvements.
iurg,
Blair & Co., Kean, Van Cortlandt A: Co. and L
5%
I
—
'•'
<
Thalmann & Co. have agreed
>
to
underwrite the
issue.
V. 81, p. 1610, 1315.
&
Kentucky
.
•
I
.">'
amounting to $250,000 matured' Nov.
was also indebted to the Cl
;
i
of
Philadelphj
gold bonds ol
.
&
i
Rio Grande RR. Listed. The New York
hange lias listed $1,312,700 additional prefen d
making
k,
Oi
i.ooo of
.
—
w
;
o.
ny.
1
Denver
—
—
TS
17
li.
J.
a
Mc(
requests deposits of the !'.•', gold collateral trust notes
1905
the Central
aent dated March
issued undi
"In the judgment of the committee,
Trust Co. of New York.
the appointment of the receiver has in no wise impaired the
aefil of the holdi rs *<i
value of the security held for
said collateral trust notes, but it believes that the inten
ir proof the note holders demand concerted actio)
—
— —— —
East Tennessee &, Western North Carolina RR.
\
mortgage has
Collateral
.)
Imond and
ie
:
!
.with Fred C. Randall, 54 Wall
of,
p
THE CHRONICLE.
I
Cincinnati
Trust \
i;i;
——
1,
Ohio River Interurban Railway.
has filed at Paducah a mortg
bonds to cover the proposed lii
Mortgage.
— This company
an issue of
Whitesides
is
The
d.
u
runs
line
E.
to
.
h
fi
)
Gra
•
RR.
Co. arc
Rio
said
Is
-
l.-"
10,000.
— V.
-
liern
81,
Cairo, 35 miles, via Wickliffe,
|>.
—
New
The M
Stock.
usetts
has authorized the company to issue
Rj iln a
.itional stock in exchange for the $1,000,000
k of the Vermont Valley
V. 81, p. S99.
Connecticut River
BR.
I
I
:
Bonds
Electric Corporation.
:.
Shibley
19 Exchang
Pr<>\ id
ing al
97
d Baniod interesl
;
v
il
1
1902 and due April
•:y.
managed by Stone &
We
1
;
follows for the year ending Oct.
1
earnings,
$325,623;
1
1905:
"
$150,873.—V. 81, p.
Des Moines Iowa Falls & Northern
ifork, the transfer
•
I
is
being
Valley RR.
Coal Co. undi r
Lehigh
Valley
Guaranteed
"Ind
Paul
iv
in
made on
separate
Des
I
D. M.
Northern Ry. an
y over 50 mil<
V".
-i
76
igh
lied
&
N.
Lexington (KjT .) & Interurban Railways.
.—This company, incorporated under th
Jersey on Dec. 6 with $4,000,000 of authorh
stock, and an authorized bond
ited to has acquired the following:
Lexington P.. hi
npany, which icl les street
light, gas and ice plants; thi
Grass [faction Co
from Lexington to Gei
roads
and t<> Paris; the Frankfort
sailles fraction Co
thi citj lines and
Frankfort, and an
in road to Versailles, and the
—
1
—™w
-
i
Ver-
ction Co.,
-
(licit
opi rati
from
L<
xingto
i
to
\
I
;it
Kenilso
number ol projecti d roi
and rights.
J. Levering Jones of Philadelphia is Preside,,
Louis
Des Cognets of Frankfort Vice-President. Chandler Broth& Co. are
(are V. 81, p. 10
Mackenzie -Mann Ry. System. Operati
1
following roads
ol
k< ozi( viz.:
Ireat Norl hen
Canada. 275 miles, including Chateau?
.i
-
li
•
i
I
V. 79,
p.
3697,
903
:
Bai
ington
ii;.
.
Hal
50 mile
Tl
.
Montreal, Qui
Massachusetts Electric
i
1,000,
li
Win. M
—A prt
New
ipital
i
•
re.
(
p.
'
It
Moini
constitute
1.
58.
Ann Arbor & Jackson Ry.
51,
1.570.
ddli ton
'
—
iw.— V.
I
(
F
I.
will
p
i
•
1
Detroi.
of
o
Mou
the
Bonds.
I
nd $25,000
Lie for the road.
bonded for only $14,000 per mile, including
Mason
line north to
.:
81
I
Ry.—Change in
Western people who were interested in the
Id a controlling into
Wm. A. Bradford
Jr.
o1
li
i
730; opcratiiiii expenses, $546,107; uel
interesl on bonds, $174,750;
'
incomi
W. A.
ling.— V.
i
dp
ill
—
1493,
of the street railway and electric-lightin
pledgi d to secure the afoi
and bond.pa:
trust born
•
v
Lexington (Ky.) Railway.- -See Lexington &
Railways above.
V. 81, >>. 10
.
1922;
The com105,000.
md owning all the stock
Lding
->
er<
I
i
o'
ist
—
ut
i
Off-
Co.
Bonds.
Ishpeming Ry.
the $145,000 first
on Jan.
1906 at 10
00
the issue ou
of
RR.—
W.
&
Lake 'Superior
1492,
Ky.
i
1
additional capital stock, of which $141,000i
payment for the alternating current system
I
ler
!',
CHRONIC LK.
TIIK
1724
for
tomplel
the
and the
re-
improvements.
Reports on another page of this
See Annual
oort.
uc— V.
81, p. 1665, 1493.
Electric Railway
Light Co. Bonds Sold.
N. W. Harris & Co. have sold $2,000,000 of this comy's new issue of "refunding and extension mortgage"
1906, and due Jan. 1 1931,
4;Hj% gold bonds dated Jan.
but optional at 108 and interest on and after Jan. 1 1!
—
&
Milwaukee
1
payable Jan. 1 and July 1 in New York. Denomiregistration
coupon bonds with privilegi
principal.
Trust Company of America, New York, Trus-
interesl
nation $1,000;
of
tee*
•
President John I. Beggs writes under date of Dec. 7 1905:
This company, organized in January 1896, owns the entire street
and central station electric light and power business oi
Milwaukee, in addition to operating an e tensive system of intreel
irurban lines radiating from the city, together with the entire
ni
The
electric light and gas business of the city oi Racine.
inks for the ten months ended Oct,. :it 1905 show a satisfactory
increase in both gross and net as compared with a similar period of
1904, notwithstanding the fact that beginning with Jan. 1 190.j the
company materially reduced street railway fares, six tickets now being
.sold for twenty-five cents, or twenty-five tickets for one dollar.
The gross earnings and amount available (or interest charges (after
taxes and depreciation reserve fund) for the past four years
been as follows:
ha
1904
1901
1903
1902
Gross earnings
S2.417.434 $2,737,321 $3,030,476 $3,218,694
1.099,690
1,194,067
1.093,346
Available for interest912,323
Dividends at the rate of 6% are being paid on $4, 500, 000 preferred
The entire
stock, and at the rate of 5% on $9,000,000 common stock.
$9,000,000 outstanding common stock (except directors' shares) is
American Company of New York. In 1903 and
owned by the North
1904 respectively dividends of 4%, and in 1905 dividends of 5%, were
paid on the common stock.
To enable the company to still further develop its rapidly growing
business and also to provide for the refunding, at maturity, of its present
mortgage indebtedness, the company has authorized an issue of $20,000,000 "refunding and extension mortgage bonds," issuable as follows:
Reserved to refund the $8,000,000 outstanding bonds, viz.:
Milwaukee City RR. Co. first 5s, due Dec. 1
1908
$1,000,000
West Side RR. Co. first 5s. due Dec. 1 1909- __
500,000
^"•Milwaukee Electric Ry. & Light Co. consol. 5s
due Feb. 11926
6,500,000 $8,000,000
Amount now to be issued
2,000,000
In treasury for future improvements, etc
1,000,000
In escrow, to be issued after Jan. 1, 1907, to an amount not
>"• exceeding $1,000,000 per year, for extensions, improve9,000,000
jg-ments, acquisitions, etc
The proceeds of the $2,000,000 bonds to be issued immediately will
be used for the purpose of retiring floating debt incurred for extensions
and additions already made, and to pay for additions and improvements now in progress. Under the terms of the mortgage the entire
authorized issue of bonds will not be outstanding prior to 1915, at which
time (assuming that all bonds which mav be issued are then outstanding)
the interest charge will be but $932,500 per annum, or $261,567 less
than the amount available for interest for the year 1904.
The company owns and operates the entire street railway and central
station electric light and power business of the city of Milwaukee, being
a consolidation (1896) of six street railway companies and three electric
lighting companies, the total street railway mileage (measured as single
In addition to the
track) of the company being about 130 miles.
properties in the city of Milwaukee, the Milwaukee Electric Ry. & Light
Co. owns the entire $1,000,000 capital stock of the Milwaukee Light,
Heat & Traction Co. (which is paying dividends of 10% per annum),
and guarantees as to prinicpal and interest the latter company's $3,223,000 bonds, $580,000 of which are held in the treasury of the Milwaukee
The Traction Company represents the
Electric Railway & Light Co.
interurban and suburban mileage, owning approximately 140 miles
(measured as single track), and connecting the city of Milwaukee with
the principal near-by cities, viz.: Wauwatosa, Waukesha.S South Milwaukee, Racine and Kenosha, thus making the total street railway
mileage operated by the Milwaukee Electric Railway & Light. Co. approximately 270 miles. The Traction Company also owns the street
railway and electric lighting and gas systems of Racine and the electric
lighting plant at Wauwatosa.
It has been the policy for some years to put an arbitrary 10% of gross
earnings into a "depreciation reserve fund," and it is believed thai
the physical- condition of the property compares favorably with that
of any other street railway and electric lighting system in the country.
The company has accumulated a fire insurance reserve fund of $350,000
and an injuries and damage reserve fund of $250,000, both of which
funds are invested in 5% bonds, and are being steadily increased. The
franchises of the company, for the generation and sale of electricity,
are perpetual, and cover the entire city.
The street railway franchises
extend to Dec. 31 1934 and are fair and reasonable.
railwaj
Oitj
ii
;
,
The population of Milwaukee increased for the decade
ending June 30 1900 39.5%. The total population at present
tributary to the system is estimated at over 400,000.
V. 81,
—
p.
1666.
—
Missouri Kansas <& Texas Ry. Listed. The New York
Stock Exchange has listed $1,734,000 first and refunding
mortgage 4% 100-year bonds of 2004.— V. 81, p. 1666, 1610.
Missouri Pacific Ry. Car Trusts.
Under agreement
dated June 15 1905, series "G" 5% equipment trust certificates have been issued to the aggregate amount of $430,000,
payable $43,000 annually on June 1 from 1906 to 1915, inThese certificates cover 35 consolidation lococlusive.
motives, and are guaranteed principal and interest by the
—
Missouri Pacific Ry.— V. 81, p. 265, 212.
Muskegon (Mich.) Traction & Lighting Co. Franchise
Extended. The City Council on Dec. 2 passed the ordinance
extending the company's street railway franchise until Jan. 19
1931 and the gas franchise 5 years, on condition of a reduction of 22J^% in the price of illuminating gas and 20% in the
V. 80, p. 1235.
price of electric current.
—
—
Nashville
New York
first
5%
bonds of 1928, making the
$7,608,000.— V. 81, p. 1096, 1044.
amount listed
New York Central
& Hudson
See Rochester Railway
1315.
—
Chattanooga & St. Louis Ry. Listed. The
Stock Exchange has listed $42,000 additional
consolidated mortgage
total
•
.;.
Northern Texas Electric Co.
•'.••
&
—
River RR. Acquisition.
Light Co. below.— V. 81, p. 1493,
Holding Company.
company was
—Tl
recently incorporated under the laws of Maine
5,000,000 of authorized capital Mock, of which
500,000 is '/; non-cumulative preferred, and took o
:lly all or the capital stock of the Northern Texas
fraction Co., which was purchased by Stone & Webster of
Boston last .September. The new company has issued no
Tar value of stock $100.
bonds.
I)ivi<.
red
lock are payable semi-annually on March
and Sept. I.
'tiding, $2,387,800; preferred stock
Common
President, John W. Hallowell;
outstanding. $2,387,800.
Secretary, Henry It. Hayes; Treasurer, A. Stuart Pra1
V. 81, p. 900, 1104.
1
I
Northern Texas Traction Co.
'
.
[Vol. lxxxi.
trie
Co.
above.— V.
— See
Northern Texas EL
81, p. 1101, 900.
—
Peoria & Pekin Terminal Ry.
New Officers. W. T. Irwin has beei
cted President, Guy W. Talbot, Yic< President and General Manager, If. M. Danforth, Treasu>
all with offices at Peoria, 111.— V. 81, p. 1101.
Listed.
Philadelphia Co.
The New York Stock I change has listed $255,200 additional preferred stock and
$1,047,000 additional common stock, to be added to the
amounts now on the list, making the total listed to dajte
Preferred stock. $6,000,000 and common
as follows:
—
$30,000,000.— V. 81, p. 1606. 1611.
Pittsburgh Youngstown & Ashtabula RR.
— The shareholders
Consolidation.
vote Jan. S on a proposition to consolidate this road, 125 miles in length, with the Newcastle &
Beaver Valley RR., 15 miles in length.— V. 73, p. 616.
will
Portland (Ore.) Railway.
Bonds
Offered.
— Redmond
&
Co., who, by advertisement on another page, are offering a
block of the first and refunding 5s at par and interest, are
advised that the gross earnings for the ten months ending
Oct. 30 were as follows:
873.355
1904.
$1,049,688
654,909
8716.840
§394,779
1905.
Gross earnings
Operating expenses
SI, 590, 195
Net earnings
"The earnings have been very large this year, owing to the Lewis &
Clark Exposition, and there will probably be a slight decrease rather than
an increase in 1906. However, the management, taking this into consideration, and basing calculations on the normal rate of increase for
1905 and 1906, makes the following estimate for the year 1906:
1905
1906
(estimated).
(2 mos. est.).
81,700,000
986,000
Surplus
The
gross earnings of the
were as follows:
8819,320
5164,480
250,000
$294,900
Net earnings
Interest on underlying bonds and taxes
Interest on "first and refunding" 5s
$1,S34,195
1,014,875
§714,000
$120,000
299,100
Cross earnings
Operating expenses
8404,840
combined properties since 190
1905
_$1,590,196
1904.
$1,262,606
1903.
81,079,983
51.5%
16.9%
21.3%
(10 mos.).
Earnings,
Increase
1901.
1902.
$890,226
21 .0
$735,938
r
;
The bonds and the property securing the same were
18.3%
fully
See also the advertisement
described in V. 81, p. 1437.
on another page.
Franchise.
The Common Council of Portland. Ave are
informed, has passed over the Mayor's veto the ordinance
transferring to the Portland Ry. Co. the franchises of the
See V. 81, p. 1666.
constituent companies.
Quebec New Brunswick & Nova Scotia Ry. See Mackenzie-Mann Railway system above. V. 79, p. 2698.
Decision of Railroad
Reduction in Traffic Rates.
Commission. The Illinois Railroad & Warehouse Commission on Dec. 5 ordered that the Secretary of the Commission shall prepare a new schedule of maximum rates,
as provided by the statutes; and all railroads operating in
the State of Illinois shall be classified as roads of Class A
and roads of Class B; that from Jan. 1 1906 the schedule
of reasonable maximum rates for the transportation of
freight and cars on railroads of Class A shall be a reduction
of 20% from the schedule at present in force, and that roads
of Class B shall be permitted to charge not to exceed 10%
additional to the schedule provided for roads of Class B, as
herein provided.
A press dispatch yesterday from Topeka. Kan., states
that the Kansas Railroad Commission has decided to order
a reduction of 5% in the freight rates on all classes of grain.
Rochester (N. Y.) Railway & Light Co. Purchased
The Andrews-Yanderby Andreivs-Vandcrbilt Syndicate.
syndicate, which already controlled the Syracuse
b'ilt
Rapid Transit Co.. the Rochester & Eastern Rapid Ry..
the Utica & Mohawk Valley Ry., the Rome City Street Ry.
and the Oneida Ry., has contracted to purchase the control
of the Rochester Railway & Light Co. at $125 per $100 share
There is also outstanding
for the $6,500,000 common stock.
$3,000,000 preferred stock, but the offer of purchase is to
It is said that a holding company,
the common stock only.
to be knowiri as the Mohawk Valley Co.. will be organized to
take over and operate ail the trolley andjighting enterprises
V. 80, p. 185*.
acquired in this interest.
Rock Island Co. Improvements. Daniel G. Reid, Secretary and Treasurer, was quoted in Chicago on Dec. 11 as
saying (compare V. 81, p. 1611):
—
—
—
—
—
—
—
—
—
During the next three vears 830,000,000 will be expended in bringing
up to the highest standard the physical condition of the Rock Island-
— —— —
— —
Deo. 16
.
.
|
The
present business of Hie
xcellent
The din cto
nprovements to the pro
e next
loldfield
incorporated
a
I
cars, i'i
1.000
island-' Frisco lines, including tin' C
nois.
tern
were mentioned
rn Dlinois and
a<
I
which
till
ion
t
;
ad
company's fit si mi
and due Abo-, li
which $8,892,000 is outstanding an
through
100
L<
1
board of d
stockholdings
I
.
tood,
Voakum, and
:
lot
.
i
for eight
id
i
pany) declared
(the o
.
dividend of
1
l
'
•
paid in January 1905.
company constitute the main sourc
l
•
trough
&
ownership
its
&
of the
('.
P.
ih.c
,7
by
Moines RR. New
& Northern Ry. above.
Falls
Santa Fe Central Ry.
Status.
Line.
— See
annum
per
,
in
i
in:-
h
d bj
I'm:
reel
of
li
the
R.
Des Moines
Co.,
Co.
liailwaj
n
raili
aboul
'Hi
I'i'"
miles of
irved being approxi na
company arc stated to be e
he
V. 7.">, p, 78.
ually \ aluable.
I
principal
:
i
i
& Des
Paul
a
_'
.V
circular says:
The United r.
the
(
St.
;o
,
ally urn
present reduction
-tood to fo
ow the omission o'i the quarterly dividend
of 1%, which would otherwise lu- paid next February, on
of the parent company. said -hares
the pr<
having received i~ quarterly since February 1903.— V.« 81,
p. 1611, L551.
i.
ting with
y<
,
[uarting
2
,
i
000
i
,000,000)
and
Liouis
at.
ors of the
y
I
I
ol
DO
at
ha
from
will retire
klar.
$9,000,000,
i
Paci
;
Jan
to
I.—
1,000
>
is
SV
\.
'
-
:.'s
cago Rock Island &
Eastern Ulinoi
build
to
W. Hi
Si
i
;
V
to
was
ill!,
s
;
.
1
& East
•
>c1
'«
des it is
d to complete the line
aer of L906. -V. 81, p, 728.
United Traction & Electric Co., Providence, R.
equipment was
lis
I
ous orders for
.hr hea
Franci
- for
th
in
loldfield
<
725
to the
I
i
—
1
•
.
$10,
5,000
—
.
THE CHRONICLE.
loo.-,
i.
—— —
—
.
lie
Zanesville Railway, Light & Power Co.
Sold.
ond
Philadelphia syndicate headed by Randall M<
Co., has
Vice-President of the United Gas [mpn
purchased the entire capital stock of this company and
assumed its bonds. The Mansfield Ry. & Light Co. hi s
mil been acquired.
(Regarding other acquisitions oi
syndicate, see United Gas Improvement Co. in V. 81 p. 977,
and Columbus Newark & Zanesville Electric Ry. in V. SI,
p. 1375. 1043.)— V. 68, p. 87.
l1
,
— Regarding the rumors that
failure of the Enterprise National Hank of Pittsburgh,
holds a large block of this company's bonds as collateral for loans made to the Pennsylvania Development Co.,
ting, it is said. ^oOO.OOO, would lead to the appointnl of a receiver for the property. Attorney Walter Lyon,
counsel for the Pennsylvania Development Co., on Dec. 5
quoted as saying:
a perfect understanding as to the
:ess of
D
Company to the bank. It is well to remember, too,
i'.ailroad do<
There will
c ut.
be no misun lerstandrng or friction at all in the payment of this money,
.'.ill get
every cent of it.
..eh
i
.
for the sale of the property have been pending
past.
Tin- "Pittsburgh Gazette" remarks:
"It is said that the earnings of the railroad have been sufficnot only to meet all expenses of operation maintenance,
i1
but to equal the interest on ail the loans which were
obtained with, the bonds :t s collateral.'— V. 80, p. 223.
s
me time
,
.
Southern Ry.
Acq
RR.
Tennessee Central
-
V. SI, j). 1487. 1376.
Bonds. -Charlottesville <k Rapidan RR. bonds ag>e paid at the Philadelphia Trust, Safe
Philadelphia, Pa., on.Jan. 1 1906.
Deposit & Insuran
—
i
INDUSTRIAL, ANS AND MISCELLANEOUS.
American Cigar Co. Xew Stock. This company,
—
by the American Tobacco Co. has
trolled
.
con-
filed a certificate in
creasing its capital stock from $10,000,000 td §20,000,000.
The new
cumulative.
by the issue of $10,000,000 pref.
stock is offered to the common stockholders at par, sub-
6%
be payable Dec 27. The American Tobacco
majority of the share capital one repoi
about 75%. The business is said to be growing rapidly.
J. B. Cobb is President and W. S. Luckett is Secretary.—
V. 80, p. 1060.
American Smelters Exploration Mining Co. IncorporaThis company was incorporated in Arizona on Dee. 2
ted.
inc.
with $25,000,000 authorized capital stock,
li. Sheldon and L. P. Crowell.
An officer of the Am
Smelters' Securities Co. states thai he has no knowled
scriptions to
Co. owns
—
a
—
new corporation.
ot the
Smelters Securities Co. Earnings of
Federal Mining & Smelting Co.
See
Lead
Consolidation of Lead Companies.
Proposed Guaranty. See Alabama Great Southern Ry., Co. below.
!.— V. 81, p. 1494, 1179.
Reported Not Allied.
See American Smelters Exploration
Tennessee Central RR.rol.
The Mining Co. above.— V. 81, p. 1494, 1317.
fcral and the South
ilway Co. took over
ary.
American Tobacco Cc. Increase of Stork by S
te company on Dec. 1. the former having
See American Cigar Co. above.
V. 81, p. 1611, 13
ion of the main line from Nashville to Hopkinsville, Ky.
filler,
American Witch-hazel Co. Sale /)< c. 31 .-Si
- luthern Ry. the
< with small bra
No. 346 Broadway, New York, referee in bankrupt'
3hville to Harriman, 166 miles, and
property for sale at auction at Deep River, Conn.,
V. 81, tises this
C .vford branches, aggregating 28 miles.
on Dec. 21 under order of he United States District Co tr1 for
p. 1437.
the Southern District of New York.— V. 80, p. 1176.
Texas Southern Ry. Sale Postponed. The foreclosure
American Woolen Co.—Increase in Wages. This con
>een postponed bj r the Disin
of 10<
has announced an [flcrea
trict Courl
Marshal
of Julia ('.
ials and employees, be
ploy
12 miles of the toad out
Harle of New York
Jan.
1906.— V, 81, p. 900, 842-.
<t of clouding the tit!
ild have
M
The
ved.
Amoskeag Manufacturing Co.—
V. 81, p. 1611, 900.
of foreclosure.
to
shareholders on Dec. 12 duly ratified the pro;
Tonopah-GoldfieldRR. Consolidation. See TonopahRR.
of th
Co.
acquire the property and franch
IW.
ted in V* 81, p. 1611.
and the Manchester Mills, on tern
Tonopah RR. Consolidation. The Tonopah-Goh
or of petitioning the LegisThe stockholders ah
RR. h
RR' lature for permission to increase ''" capital
also to
and the Gbldfield RR., tl
inge the present capital stock, amounting to $4,000,000,
built to Goldfield
it, it is said, of $505,000.
alue of
,000 each bo 40,000
000 shai
ion th
field
See further particulars
shares of the par valui of $100 aoh.
it
i:i;
1500,000 stock of
in V.
p. 1611.
American
— See
sidiary.
:
—
—
—
—
—
—
.
—
I
—
—
i
,
:
i
1
—
.
—
I
—
i
—
.
;
M
i
:
.
.
I
I
J50,000
:
'ti
!
Tonopah RR.
.
of merger.
4
81,
A
:..
Central Leather Go.
9
D
C.
Application
pn
tional
'!
Li
to
503 ,900
,862 300 addicon,
rial
1
t
of
the
proposed $1,500,000
of
coi
the
and
lit
rn
ii
li
Bradford
W
in
fir
t(
lectively.
tl,
v.
Turner
I
29,
pah
bareholder u
of
I
Li<
n
5<
,
bonds
I
i
$5.
from vo
RR.
i
—
mo.
10
-
d
I
mak-
51
Chicago Pneumatic Tool Co.
i<> moi
for the q
i
it
.
/,
ipah
,
of L925
d $29,943,000, $37
V. 81, p. L243,
738,029
101
Dividen
bei
months
w.ai:
call
;
V. 81, p
RR.
City
th
fcjj
I
timer.
An
official
cir-
con•
ion of the
i
on
as of
Nov.
1
Mm
L6.
I
Gas
Co.,
die Id
ated John
V
pany.
i
.
Neb.
ft
Dec. 5 ap-
Andi
L.
3
Beatrice,
i
THE CHRONICLE.
1720
Co.
Crucible Steel
<
b
Divi
suspi tided in ]
of
-
I
i
iber
America.
Resum
D\
($2
L903 after havi
l
owing that
In
p
- dui
perations of
th
profit
10,019,996
tocls
I
XI.
.
gu-
on the company's
declaration of
th
of
Li
%
1
pay-
tec. 29 '" hold rs of r» co <i Dec.
dividends being cumulative, the]
/. 81,
upon paymenl of the aivid id just
138, 12
p.
Cumberland (Bell) Telephone. & Telegraph Co.
ew Stock.
iceof 259i
The directors on Thursday authorized th
new stock to stockholders of record Jan. 2 L906
>ct.
L906.
payable one-fourth Feb. L, April 2, July 2
V. SO, p. 2396, 714.
Delaware River Steel Casting Co. Sale Dec. 21. This
company's property at Chester, Pa., is advertised for sale by
the trustee, the Real Estate Trust Co. of Philadelphia, on
the premises Dec. 21. Tin receivers ai sJ a ties ^.. G. Campbell and Howard H. Houston.— V. 80, p. 47 1.
Dominion Coal Co. Listed in Boston. The Boston Stock
Exchange has listed the $3,000,000 preferred stock (7%
cumulative) and the outstanding $5,000,000 first mortgage
5s, dated May 1 1905, part of a total authorized issue of
$7,000,000, of which $2,000,000 can be put out only after
Nov. 1 1906, to cover not more than 75% of capital improvements.— V. 81, p. 214.
Export Lumber Co.— Meeting oj Creditors.
Receiver
Waterman A. Taft has called a general meeting of the creditors of the company, a dissolved corporation, to be held at
his office in the Whitehall Building, 17 Battery Place, New
York, on Jan. 25 1900.— V. 75, p. 983.
The company
Federal Mining & Smelting Co. Earnings.
reports its net earnings for the quarter ending Dec. 1 1905
in comparison with the corresponding quarter of 1994, when
the results fell $50,000 less than normal on account of the
shortage of water, as follows:
able
I
i
his period
,
I
'
E.
—
I
—
—
—
—
,s'(
—V.
November.
241,000
0,i >ber.
201 ,940
101 ,52/
iili'Ttlrr.
160,991
101,624
75,619
81, p. 1553, 1377.
Harbison-Walker
Refractories
Total.
003,931
27S.770
Co.
Report.
— For
years
ending Sept. 30
Denr.. &c
SS8.9
1,068,0.57
118,663
Ncl.
Year.
1904-05
1903-04
—V.
$1,109,090
'
Interest.
£154,512
103,563
Div.,&c. Bui., sur.
15
kOOO $350,216
57 ,000
209,831
81, p. 1177.
—
of New Jersey.
Earnings.
This
reports for the fiscal year ended Oct. 31: Receipts,
$344,274, contrasting with $272,314 for the year 1903-04;
disbursements, $339,254; balance, $5,020; interest, $25,000;
deficit, $19,980; previous surplus, $40,809; balance, $20,889.
—V. 77, p. 2101.
Iron
Steamboat Co.
company
—
Keystone Telephone Co. of Philadelphia. Bonds Listed.
This company has listed on the New York Stock Exchange
$4,009,000 of its first mortgage 5% gold bonds issued for
the purpose of refunding a previous issue of $2,500,000
bonds (all of which have been paid and the mortgage canceled)
to pay all other obligations incurred in the construction of the plant and to furnish an adequate working
capital for extensions and betterments.
A full statement
of the listing will appear in the next issue of the "Chronicle."
V. 81, p. 268, 34.
Lehigh Valley Coal Co.— Listed.— The New York Stock Exchange has listed $1 ,400,000 first mortgage guaranteed bonds
of 1933, interest reduced to 4%, for $1,000 each, Nos. 10,601
to 12,000, inclusive.
The proceeds of these bonds were used
to pay for properties purchased, and to furnish working capital to extend the company's business in the mining and sale
of coal. The entire issue of these bonds, $12,000,000, has been
guaranteed as to principal and interest by the Lehigh Valley
RR. Co. in the following form:
—
For a valuable consideration, the Lehigh Valley RR. Co. hereby guarantees to the holder of the within bond the punctual payment of the principal and interest thereof, when and as the same become payable. In witness whereof, the said company has caused to be hereunto affixed, its corporate seal, duly attested, at Philadelphia, this 12th day of September
A. D. 1893.
Attest:
Secretary.
Third Vice-President.
I'i''-'
Exchange has
bond of 1921
k
after
.
irg
if
I
he
bul
Co.
Listed.
— Tl
onal
list<
10
Comj
225,000.
ice,
I
c<
es.
i
to d
tee to
i
New York &;Richmcnd Gas
5%
during
inf
>rr
.
i
—
i
i
will
of
rat<
Chairn
G orge a' Perl
gned his active ch
remain a member of
,',
v
which
%.
'
1
1905..
1904
securities,
i
Vici
,;
l
I
i
I
om-
'
i
making
.
York
Charles M. Haj
id
province of Quebec, and IrthurG.
and Hubert W. Davis, all
treal in the
U d
li
I
.81,
p.
.John
ortg
fi.rs1
37.
W.
Mon-
!
foonan
States, Will
At Tacoma, on >cc. 4,
Pacific Starch Co.
hip.
of thie compi ay on appliF. Cosper was madi
Mancation made by Mrs. Barbara Piggott, who allet:
••
Thee-:.
agement and frau ul<
stock is
of stock.
ton and
alleged to be $575,000, of which $325,000 is
$250,000 preferred stock. The plant, it is said, has been
V.81,p. 1104. 104<
closed since lasl February.
T
Ocean
-
I
—
Patchogue (Lace Mill) Manufacturing Oo.—M
je.
kermortgage dated Nov. 1 1905 has been made to tl
bocker Trust Co., trustee, to secure an issue of (150,000
bonds.
Pittsburgh Plate Glass Co. New titock. The shareholders
will vote at the annual meeting Feb. 13 on a proposition to
increase the capital stock from $12,500,000 to si 7
10, by
stockthe issue of 50,000 shares of common stock at par
holders of record at that date to have the privilege to subscribe to the new stock to an amount equal to 40% of their
—
—
V. 81, p. 153.
Pittsburgh Steamship Co. Called Bonds. There are
called for redemption at par at the Union Trust Co. in Pittsburgh, Pa., on Jan. 1, $189,000 of this company's first mortgage 5s of 1900.— V. 79, p. 2646.
tck.
Pocasset Manufacturing Co., Fall River.
The shareholders will vote Dec. 21 on a propositi a to increase the capital stock from $600,000 to $900,000.
Railway Steel Spring Go. Bond Offering. Harvey Fisk
14,& Sons, who recently underwrote the entire iss
500,000 15-year 5% bonds, will, in a few days, send out a
respective holdings.
—
—
—
circular offering the shareholders the right to subscribe
therefor at or about 96J^. These bonds are a first mortgage
on the properties of the Latrobe Steel Co. recently purchased but not a lien on the other assets of the Steei Spring
It is understood that orders have been received by
Co.
See V. 81. p.
the bankers for a large part of the bonds.
1496.
Santa Cruz Electric Light & Power. Change in Control.
The control of this property has been purchased by John Martin and I. P. Lowe, who some time ago bought the Watson,
—
ville
Light
& Power
Co.
The Santa Cruz Company,
it
is
stated, buys electricity from the Big Creek Power Co., which
has a plant at Big Creek, up the Coast, and another at WatThe capital stock, at last accounts, was $300,000
sonville.
authorized and $154,540 paid in; bonds -authorized, $100,000
of 6s, of which $30,000 is out standing.
—
Spring Valley Water Co., San Francisco.
I.
W. Hellman and
L.
Refunding.
the Union Trust
announced, the head of a
W. Hellman
Jr. of
is
Co. of San Francisco are,
syndicate which has underwritt sn $14,500,000 of this company's new bond issue at a price rumored to be at or about
93, the proceeds to be used in paying the $13,616,000 bonds
i
(first mortgage Cs, second and third mortgag
mature on Sept. 1 1906, or can then be called and paid off.
The subscriptions to the syndicate, it is stated, were largely
in
excess of the
amount
required.
& Twine Co
—-V.
81,
p.
512.
—
UnPlan of Reorga n izatio n
der date of Dec. 12 1905 the first mortgage bondholders' committee, consisting of Alvin W. Krech, Chairman; James B.
Clews, Donald Mackay, Charles E. Orvis and Valentine P.
—V. 79, p. 155.
Snyder, with Lawrence L. Gillespie as Secretary, has issued
Mexican International Improvement Co., City of Mexico. a plan, which has been approved by the income bondh'oldi rs'
—Coiled Bonds. This company has called for redemption committee. This plan provides, if the property be bid in by
all of its $73,400 outstanding bonds, and will pay the same,
the committee at foreclosure sale, that a new company
principal and interest, on Jan. 1 at its office.
V. 80, p. 2462. shall be incorporated under the laws of New York or New
Mutual Life Insurance Co. New President. On Wednes- Jersey, as the committee may determine, and. if desired, be
day, Charles A. Peabody was elected President to take office called the "Standard Cordage Co."
on Jan. 1 1906 at an annual salary of $50,000. Emory McThe new company will issue the following securities:
Clintock is nominated .to fill a vacancy in the board of 1. First mortgage 5% 25-year gold bonds, interest payable
January and Julv in each year; July 1906 coupons on: retrustees caused by the resignation of Elihu Root and Charles
deemable at 105; coupon bonds SI ,000 each, registrable as to
A. Peabody to fill the vacancy caused bv the resignation of
principal: full registered bonds $100 and multiples. Issue... $2, 806, 000
Judge Rufus W. Peckham. V. 81, p. 1614.
$2,329,000
To holders of present firsts
476.:
To holders of present incomes
National Lead Co. Consolidation.
A definite announce627
expenses
In treasury or for reorganization
ment regarding the oft-deferred consolidation with the 2. Adjustment mortgage 5% 25-year voting bonds, interest
United Lead Co., this time with the American Smeltpayable if earned, with the right to elect a majority of diStandard Rope
.
,
,
—
—
—
—
—
;
ing & Refining interests in the lead, is generally expected,
following the meeting of National directors to be held next
dnesday. Current rumor says that three shares of
United Lead stock ($15,000,000 said to be outstanding)
will be exchanged for one share of National Lead common.
V. 81, p. 1668, 671.
New York Life Insurance Co. Officii
nt.
In our
columns will be found an official statement
•
;
—
rectors until interest has been paid for two consecutive years,
and after that with right to vote on equal terms with stock:
that is, for each S100 one vote, the same as is accorded
2.500,000
each share of stock
82,123 ,500
To holders of present firsts
238,187
To holders of present incomes
138,313
In treasury or for reorganization expenses
;
i
-
in 5100 shares
holders of present firsts
im
rs of
mization expenses
in
2.^00.100
3. Capital stocl
To
To
•
;
'
:
'
]
i
-
40.714
.
.
,
THE CHRONICLE.
ribut< d as Follows, the
present scmeiit bains; the amounl whi<
are required t<> pay by way of subscription at 75
;age bonds assigned them
e proportion 01' new .ii~
m being :;•'>' hi the ca
purpose, the p.
f.
it
new firsts
old firsts and <•, in the case of old Lnco
so subscribed being included in the amount rei ivable, as
,
(partly est
Dee.
i
no;,
Will
ling
New
Cash.
it
M
s.Y,.1
6s
1st 6s.
Bds
/idtf.
Stodfc.
si:.",
.-,o
:;:.
70
50
\
of this plan as
Within twenty days after notice of the
positing Brsl
riptions for new bonds shall be
bind!
Balance
mortgage bondholders to the Equitable Trusl C5o. ol New N ork
shall be paid wnen called for by the committee.
of subscriptions
Holders ot certificates of deposil of the Colonial Trust Co, for Income
bonds, who elect to participate In the reorganization and pay the subscripol the amount of their
tions ben in contemplated, are required to pay 25'
ons to the Equitable Trust Co. within 31 days of the mailin
this plan to such certificate holders by the income bondholders' com-
[incomes
IS
;._•
i
.
.
mittee.
should the property, at foreclosure, be purchased by outside bidders.
any payments on account of subscriptions that may have been mad.- will
be returned in full, without interest, to the income bondholders, and the
mortgage bondholders, respectively, less, however, as to the latter,
actual cash disbursements and reasonable charges of this committee,
without, however, any allowance to them as compensation for their serommittee assumes no liability to the holders of certifii
for income bonds except to the return of their cash payments as herein
pan
i
ad. Dec.
:\\
,V<
|
'
capital indebtedness will thus !><• reduced
mm;. 190. made up of $2,740,000 first mortgage 6s,
fron -$6,805,330 ")', incomes and $11,960,860 capital stock, to
$8,106,000, made up as follows: $2. SOU .000 first mortgage 5s,
(2,500.000 adjustment bonds and S2.S00.000 capital stock.
••It tot unreasonable to assume that the first mortof the new company should be worth at least 75,
cue adjustm. nt bonds 40 and the comparatively small issue
of stock 20," making the total value of the securities to be
given for ach $1,000 first mortgage bond paying the assessment (subscription) $982 50, less subscription payment of
8720.
"A
responsible bankers and individuals has,
foregoing
ions, underwritten the issu< of
rtgage bonds to the extent of $740,000.
te of
-;
subji
new
•
i:
1
account of such of the
•
as
-
ions
amo
thereunii
to be
stributable cash val
•
lit
ion
-
bonds.
to the bondholders under the
bi
a
'i
$74,000
,
S..71
diiiir
old
an
bility of
i
ion
he ritrht to di
domed b
iting
i
operative are conditii
_.:i00,000 out of the total of
i
first
-
bonds.
Tie.
.:re
.
not
ing to
in
and have been obliged to
mortgagi
of the folio
i,
Boston.
pon which
to
h:
<
e properties eo\ en
Brsl
puryMill,
lyn, N. Y.; MorX. Y.; Sewall & Day Mill, Boston, Mass.;
irt, N. '.. cc isisting of
re
four mill
:S97.
idition to f
a
297.6
,87
iO
,2
1
and
S]
_
tut
is
one
<;e.
13
1,
ty should
in a farge din
in
91
I
,830
IM%
I
.
The "DeWolverine Portland Cement Co.
Dividend.
Tribune" states thai this company declared a quarterly
dividend of !'•_>',. payable Nov. If) to stockholders of
record Nov. 10, the tasl dividend having been 3% paid in
August.—V. 77, p. L50.
troil
—
Redmond & Co. of New York are offering at 100 and
accrued interest the unsold balance of an issue of $5,982,000
sinking fund
of the "first and refunding mortgage" ">'
These bonds are
gold bonds of the Portland Railway Co.
exceptionally well secured, being a mortgage upon the
entire property and franchises of the Portland Railway Co..
which owns practically all the electric railways in the city
of Portland, the largest city in Iregon and one of the richesl
The franchises under which the
on the Pacific Coast.
company operates are stated to be extremely favorable,
and those under which the greater part of the system is
operated run beyond 1930, when these bonds mature.
The profits of the company show substantial and uniform
increases year by year, and. including the interest on the
present issue, the net earnings for this year will be nearly
By far the
twice the interest on the entire funded debt.
greater portion of the bonds have already been sold.
,'
,
,
—
The initial number of the "Journal of Accountancy,"
published under the auspices of the American Association of
Public Accountants, has recently made its appearance.
According to the editorial announcement it will be devoted
to promoting the standing, ethics and interests of the proIts pages are to
fessional accountant.
en over to the
e
thought of the profession and are
the literary
work of men eminent in their various
of business
,
''
>
I
.
,
v subjects.
In additii n to these features,
the "Journal'' intends to publish the news of accountants in
all countries and to have each month a digesl of legislation
and legal decisions of pertinent interest to accountants,
besides a book department for th(
areful review of literature
The educational and correspondence
in its particular field.
.
i
departments will offer accountants an
and discuss the problems proposed.
in the
November
i
inity to present
The
principal arte
follows:
I
"Education and Training of a Certifi
Sterretf; "Duties and Res]
the Pub
b
Regard to Nevt issues of Stocks and B
Professional Standards (a
lea ford
by Robert H. Montgomery;
Che Scope of th
J.
i
i
i
...
ig
E.
with
Dickinson;
Accountants),"
on of Accoun-
and.
•
The editoi.s of the "Public Ac oiu
Joseph French. Johnson. Dean of the N<
School of Commi
e, Accounts and Finance
Sherwood Meade, Dire<
ng
and Finance,
riiversity of Pennsylvania.
aal" are:
University
I
S
ig
till
Total surplus (estimated) Dec. 31 1905 $16,785,160. The
dividend is payable Jan. 15.
V. 81, p. 1173,
regular
92
ai
•
adequate for the reor-
e
The
to.
capital stock,
its
thi
810
,043
00
1,940,971
'
he Cannabis Mfg. Co. control
owned by
chief items not
ed that
•
368
;
:;,
1905 (est.)
tancy," by F.
is belii
!
some
bet
;
tirely
operate
.
mo
»>
on
t
mid
foregi
be determi
The
ireclosure
Bal
paid.
si ,217,021
l
The
I
months ending
Bix
Int.chi
t
The bonded and
Quarterly.
and
00,000
(actual
1904
Co.
the quarter
n
rest.)
actual)
I'ti
Telegraph
for
in
were:
;>1
i
here shown:
Exist
$2,7 10.01
Union
Western
I
v
172'
i
d Dr. Edward
of Accounts
i
manufactured output
mi about 30,000,000 to
entire
— On
page xvj Messrs. A. M. Kidder & Co., 18 Wall St.,
week offering investors §150,000 Kansas City Elele
:'ime of business annually.
Thi
vatedRy. Co. first prei
ace 6^5 gold bonds due July 1922.
true of the two Brooklyn mills also.
arid with p
Litions
ad adequate These bonds are guaranteed, principal and meres;, by the
ompany shouli
a anMetropolitan Stree! Ry. Co. of Kansas City, which owns the
•apacity of at least $325,000.
This
sed upon
entire stock of the Kansas City Elevated I<y. The guaranty
ear 1904 and pre
For the fiscal year
has also been assumed by Cue Kansas City Railway & Light
rned about $155,000, or about $9,01 o
amount
to pay the interest on
f'o., which owns practically all
and electric
Is.
In addition to this it paid the Union Selling Co
properties of Kansas City, Mo., ai
msas City, ivans., of
cost ol maintaining idle pro
which the Metropoli
reel Ry. forms the principal underthat at
through a selling company. In lying property.
These bonds fo m pari of an issue of $600,10,000
pom
-•
ds
of hat
wall
i
I
Mill
'ay
are this
<
i
i
I'
•
00
i.OOO
i
ir
money bono
The
•
to
which sum the
ma] and other
;uired
i
000,
outstanding, cove ing, i1 is claimed, the mosl valuarailwayin Kansas City, including the lines
"i!
Eighth St. through the tunnels and
the
a1
Union Depol
all
ble pie<
i
— We invite our readers
table
27.
The
&
.
Co.'s advertisemeul on pagexiv,
ion & Electric Co.
Provid
(
ddei
.
1
13.
,i
of
Electric
1
I
he
Ry. Co.) owns
placi b
off
I
United Ga3 Improvement 0c
—V
villi
p
I
3
77.
in
1
i
i
—A
..
l
uted Ti
company
oUed
I
bin a radius of ten
a
Harris
offering $500,000 United
tl
(the
THE CHRONIC LK.
17^8
and
iftcpnarts
[Vol. lxxxi.
Stoatmjcuts,
SOUTHERN PACIFIC COMPANY AND
ITS
PROPRIETARY COMPANIES.
TWENTY-FIRST ANNl'AL REPORT— FOR THE YEAH ENDED JUNE
New
To
30 1905.
York, November 9 1905.
the Stockholders:
The Board of Directors submit herewith their report of earnings and expenses, together with statements of the ay
and liabilities; of the Southern Pacific Company and Proprietary Companies, for the fiscal year ended June 30 1905.
PROPERTIES AND MILEAGE.
The transportation
lines constituting the
Southern Pacific System, June 30 1905, were as
DIVISIONS.
folio v.
Main
to Companies whose capital stocks were principally owned by
Company:
Southern Pacific Company under leases to it:
Operated by the
Mileage of lines belonging
I.
the
South
Second
Track
Track.
Sidings.
Water
Ferries
Lines.
rn
Pacific
(a)
—
Si
m
t
a3,335.
101.
1,460.
671.
Central Paciiic
Ry
Oregon & California RR
Operated by Companies owning the lines:
(b)
Morgan's Louisiana & Texas Railroad & Steamship Line
Louisiana Western RR
—
Texas & New Orleans
Galveston Harrisburg
RR
& San Antonio Ry
JCJGalveston Houston & Northern Ry
Houston East & West Texas Ry
RR
Houston &
New York Texas & Mexican Ry
Houston & Texas Central RR
Nevada & California Ry. (narrow
Shreveport
1!
gauge)
Southern Pacific Company
Mileage of lines belonging to Companies whose capital stocks were principally owned by the Morgan's Louisiana & Texas Railroad & Steamship Co., but which were operated by Companies owning
81.81
8.52
14.95
1,002.62
40.39
643.32
113.64
3.00
3.00!
3.691
315
338.
198.
440.
916.
hern Pacific Railroad
South Paciiic Coast Ry. (narrow gauge)
40.06
177.18
52.69
149.00
216.96
20.35
42.51
5.92
24.69
190.53
17.78
1.00
805
3.89
52.
190.
39.
176.
690.
293.
3,700
.
the lines:
RR
Iberia & Vermilion
Direct Navigation Co
Gulf Western Texas
&
15
Pacific
Ry
3.51
111"
Total mileage of Proprietary Lines.
18". 53
9,033.82
Mileage of lines belonging to Companies whose capital stocks were owned otherwise than by the
Southern Pacific Comvany, but. which were operated by the Southern Pacific Company under leases:
New Mexico & Arizona
149.23 2,719.68
88.10
262.60
10.48
20.42
10.69
4,895
10.69
10.69
4,895
4,895
&
Santa Fe
III.
RR
Sonora Railway
350.70
Total Mileage June 30 1905_
Total Mileage June 30 1904_
30.90
?9,3S4.52
9.372.36
Total Mileage of Leased Lines.
149.23 2,750.5s
158.14 2,652,92
12.16
Increase
a Includes line of Southern Pacific RR. Co. from Mojave, CaL, to The Needles, 242.51 miles, which
Railway Co. until September 1 1979, for an annual rental of S218.133.00.
details of the mileage of the railroads owned or leased,
of the Comptroller's report.
Since the last report the following change has occurred in
The
1
97. 6G
8.91
Decrease
and
of the ferries
is
leased to the Atchison
and water
lines, are
Topeka
shown
in Table
No.
ownership of lines operated:
This company was incorporated, under the laws of the State of California,
California Railway Company.
for the purpose of constructing and operating a line of railroad commencing at or near Hazen station on the line of the
Central Pacific Railway, to a point at or near Mojave on the line of the Southern Pacific Railroad Company; also a branch
line commencing at or near Churchill station on the line of the Carson & Colorado Railway, to a point at or near Mound
On May 11 1905 the company purchased the property of the Carson
station on the line of the Virginia & Truckee Railroad.
& Colorado Railway Company, whose entire capital stock is owned by the Southern Pacific Company. This change in
ownership did not change the number of miles of railway operated by the Southern Pacific Compan}'.
The following changes occurred during the year in the mileage owned and operated:
A line from Derby to New Junction, 7.91 miles in length, was opened for business September
Central Pacific Railway.
18 1904.
The line from Mastic station to Alameda Wharf, 1.25 miles in length, was abandoned.
Morgan's Louisiana & Texas Railroad and Steamship Co. An extension frgm Raceland toLockport, 8.14 miles in length,
was opened for business October 2 1904.
Nevada & California Railway Company. The line from Junction to Candelaria, Nev. 6.00 miles in length was abandoned.
Southern Pacific Railroad Company.
In Contra Costa County, California, a line was built from San Pablo to Point Richmond, 1.60 miles in length. The Company acquired the narrow-gauge line in San Bernandino County, California, from
San Bernardino to Redlands, 10.12 miles in length, formerly operated by it under lease. The line from San Bruno to
South San Francisco 2.16 miles in length, was sold. By re-measurement of all the Company's lines, correction in distances
diminished the length of main tracks 1.67 miles. These changes made a net gain in main track mileage of 11.23 miles.
The right-of-way of the second track from Los Angeles to Shorb, 7.12 miles in length, was sold and the rails removed.
Summarized, the changes in the mileage of all the Company's lines were as follows:
Nevada
—
&
—
—
—
Main track additions by
Gain by re-measurements
—
,
,
17.65 miles
3.92
lines built
21.57
Main track abandoned
"
9.41
"
Second track decreased
Sidings net increase
12.16 miles
"
8.91
"
97.66
Excluding the Mojave Division, leased to the Atchison Topeka & Santa Fe Railway Company, the operated mileage
Company's lines on June 30 1905 comprised 8,791.31 miles of "Proprietary" and 350.70 miles of "Non-Proprietary
The average number of miles of road operated for the year was 9,137.85 miles.
lines.
of the
INCOME FOR THE YEAR.
The gross receipts and disbursements of the Southern Pacific Company in respect of its leased lines and of Proprietary
Companies in respect of lines not leased, and the other receipts and disbursements of the Southern Pacific Company, and
of all Proprietary Companies, after excluding all offsetting transactions between them, were as follows:
.
.
Dec.
THK rilKOXlCLK
lb 1905.
During
r
I
June 30 1905.
rail
all
operated
tinea
proprietary aiul non-proprietar;
)
<" /
1906.
i
:;o
30 1904.
9,137.86
-
the
Ended
I in i<
Average miles of
729
1
reOUU.
at(
9,01 1.19
EIECEIPTS.
195 ,515,158 01 $92,933,230 7:;
341 ,259 B0
225,602 37
219,01
90
306,687 80
17
667,21
686,228 69
<;ro>s transportation receipts of rail and water lines
Rentals for trackage, other property, and facilities
Income from sinking funds pledged for redemption of bonds
Income from lands and securities not pledged for redemption of bonds
Interest on bonds of the Southern Pacific Company and on bonds Of
160, 107
50
i53
34
-
Miscellaneous receipts
Interest received on loans and interest accruing to June 30, on open accounts other
than with Proprietary Companies
receipts
359,763 13
32,000 on
106,855 :>7
398,368
lis
178,086 IS
639,393 61
38,165 9"
139,587 35
32,000 00
36,039 58
486,166 12
10,582 00
income from Investments
Total
$87,672*90
19,017 52
1
1
companies other than Proprietary Companies
owned of companies other than Proprietary Companies
.-locks
18,1
Proprietary
ipanies owned
Interest on bonds owned of
Dividends on
28
381 ,027
I
i22,992 29
6,3
220,176 08
70. sir, 99
fOO, 797184
$2,617,889
71
$484,0
57
DISBURSEMENTS.
Operating expenses, rail and water lines
Taxes, rail and water lines
Insurance on steamships, taxes and other expenses
Land department expenses
raxes on granted lands and on other lands
Miscellaneous expenses
Total expenses
and
oi
Southern Pai
Company
Company and
America
and interest accruing to June 30 1904 on open accounts other
Co.'s note- to
S. of
D".
and
—
$368,915 15
$16,705,832 84 $15,654,325 25
764,565 36
941,003 52
$1,051,507 59
$176,438 16
oo
218,133 00
7:;
1,418,317 85
187,872190
821,587 80
218,133 00
i.oi-t
"$630,821 32
$151,446 52
§113,593 17
540,995 90
681,704 59
001,138 68
$1,366,436 44
$673,994 02
S85,70S,608 76 $86,644,508 95
Total disbursements
$935,900 19
$12,431,973 24
over ex [lenses and charges
Expenses
51,399 46
19,817 35
$692,442 42
Total other eharges
Deduct
19
818,422,546 10 519,053,367 42
interest eharges
Betterments and additions payable from income of Southern Pacific Company
Principal of advances to San Antonio & Aransas Pass l!y. Co. under guaranty of
bond
Deduction for annual depreciation of rolling stock owned by Southern Pacific Company
ipts
16
15
1,418,317 85
than with Proprietary Companies
Sinking fund contributions and income from sinking fund investments
Rentals for trackage, other property, and facilities
Total rentals
13.552 98
108,326 it
135,005 IO
.?
85
Proprietary
.
Interest on C. P. RR.
Interest on loans paid
11
51
$66,593,620 24's66,224,705 09
taxes.
Interest on Outstanding funded debt of Southern Pacific
Companies
fflc
163,664,235 io $63,179,
2,309,200 53
2,352,763
291 ,-121 11
390,746
99,213 06
134,278
127, Mill
178. 7o:! 60
50,846 54
31,029
$37,853 35
•
60,142 78
33,553,489 90
5,878,483 34
for the following disbursements:
for
surveys written off
$135,955 46
Balance
$12,296,017 78
Paid for note of San Antonio & Aransas Pass Railway Company, bearing interest at the rate of 4 per cent per annum,
given for moneys advanced to purchase Si ,356,000 00, face value. First Mortgage 4 Per Cent Bonds of the San Antonio & An
Uway Company (guaranteed as to principal and Interest by the Southern Pacilic Company)
and canceled pursuant to the requirement of the Railroad Commission of Texas
1
Balance
Dividend of 3!s per cent on Southern Pacific Company
per cent payable July 17 1905
Expenditures for betterments, additions
prietary Companies, as
in
shown
in
,271 ,845
50
$11,024,172 28
paid January 16 1905, and dividend of Z
preferred stock
A
X
2,769,431 CO
Balance
Lines
$(551,704*59
and equipment
No. 21:
for
$8,254,741 28
account of the respective Pro-
detail in Table
.-.$1,137,353 27
948,296 70
2,742,293 16
Loui-iana
Lines in Texas
Lines west of Kl Pa«>, Texas, and Ogden,
Utah
I'.alance
4,827,943 13
$3-,426,798 15
.
The Southern Pacific Railroad Company is entitled to issue, under its First Refunding Mortgage of January 3 1005,
additional bonds for betterments and additions to its own lines, as well as for the acquisition of additional property; but.
since all bonds issuable under mortgages upon existing lines in Louisiana, Texas and Oregon, and upon the lines of
the Central Pacific Railway Company, have been issued, it is necessary that all expenditures for betterments of and addition- to such lines be provided for out of the current income or from advances by the Southern Pacific Company.
The results of the year's operations compared with those of the precedingjyear are as follows:
Dean
Increase.
as;e
•
s
t
miles of
rail lines
operated.
$2 581, 927 28
441,088 59
of
the
2.78
7.80
,
-
Gross transportation receipts over operating expenses and taxes
details
Operatii
1.37
$2,140,838 69
ransport afion receipt jes and taxes
The
Percent.
123.66
transportation
receipts
and operating expenses are
fully
dealt with
.67
under
"Transportation
The charges for interest on the outstanding funded debt of the Southern Pacific Company and of the Proprietary Companies 'after deducting the interest collected on BUCb of these bonds as are owned by said companies), and for int<
on the Central Pacific Railroad Company 'e Three Per Cent Notes to the United Statee of America, increased $<;'.)(> ,on:-s _'.">;
Th<
this increase i- dealt with fully under "Funded D<
however, a net decrease in interest on loans and on
open accoui
with proprieta
11,327 ,520 01, Leaving a Del decrease in all interesl charges for
i:-;i; :<;.
The decrease in other cl
ating to 1673,99 02, resulted principally from the fad thai
the year of si;;',
Railway Coi tpany did not have to call on tin Southern Pacific Company foi any di
th'- San Antonio & Aransae I'
'lie- Southern Pacific Company guaranteed, in 1893, the principal and interest
iency under the guaranty of it- bond-,
io <\ A'
of the bond- oi
y Company; this was the firsl year in which the earnings of thai
on
company were sufficient t,, meet all expenst -. including bett< rments and additions and oil fixed cha
the advances by the Southern Pacific Company.
The charges against the incomi of the year include $1,237,011 92 advanced by the Southern I'
»mpany to the
ComOregon <v California Railroad
y. but thh -'no -lill remains due from that company to the Southt
•
i
i
.
-
'
!
i
I
pany.
The transactions of the GjLla Vail*
or in any statements of the transactions and
tte and liability
disbu
mpany
Railway!
>f
be found
in
the Propi
Tabl<
!
arc nut included
Compani
_'!).
30 and 31.
in
tin-
statement oi income,
lowing the receipts,
!
TH E CHRON [CLE.
730
I
vol. lxxxi.
sets :tiHl liabilities, income account and profit and loss of the Pacific Mail Steamship Company. us
annual report of Baid Company, may be found in Tables Nos. 32. 33 and 34.
from the sales of lands, amounting to $1,461,296 79. were paid to the Trustees of the respective mortgages.
by them for the redemption of bonds.
to b
discount on bonds sold during the year, amounting to $2,368,602 75, was written off to profit and loss,
dated statement of the Income Account and of the Profit and Loss Account of the Southern Pacific Company
roprietary Companies, showing in full all transactions between said companies, may be foun
in Table- No.-.
2 t and 3
Details of the Income Account and of the Profit and boss Account of the Southern Pacific Company are shown
in Tables Nos. 8 and 9, and of the Proprietary Companies in Tables Nos. 11 and 12.
il
publi
bhi
in
of th
last
I
;
1
CAPITAL STOCK.
common
capital stock of the Southern Pacific Company during the year from the amount outstanding
which was
8197.S49.258 64
Under the authority conferred by the stockholders of the .Southern Pacific Company, at a special meeting held July 20 1904, for
an issue of 7 per cent preferred stock to the amount of $100,000,000, the details of which were fully dealt with in the annual
report for the preceding year, the Board of Directors resolved to issue at par such preferred stock to the amount of $40,000,000,
payments therefor to be made in three instalments, viz.: twenty-five per cent, or $25 00 per share, at the time of making the
subscription 'September 1 1904), twenty-five per cent, or $25 00 per share, on or before the 3d day of October, 1904, and the
last instalment of fifty per cent, or $50 00 per share, on or before the 1st day of December 1904.
Each shareholder was entitled
to subscribe to one share of preferred stock, of $100 00 par value, for every five shares registered in his name.
This subscription on the outstanding capital stock amounted to
39,569,840 00
There was qo change
in the
at the beginning of the year,
Total stocks of Southern Pacific
Company outstanding June 30 1905
The Proprietary Companies had outstanding
amount of
$237,419,098 64
at the beginning of the year
common and
preferred stock to the
".
$304 ,208,572 00
There was issued during the year:
Central Pacific Railway Company Four Per Cent Cumulative Preferred Stock, in exchange for
of Southern Pacific Company Four Per Cent Gold Bonds (Central Pacific stock collateral)
Total stocks of Proprietary Companies outstanding June 30 1905
a like
amount
200,000 00
$304,408,572 00
'.
owned by Southern
Pacific Company, viz.:
Deposited against the issue of Southern Pacific Company common capital stock
$163,926,133
Deposited under Southern Pacific Company Four Per Cent Gold Bonds (Central Pacific stock
collateral)
80,274,200
Deposited under Southern Pacific Company Two-Five-Years Four Per Cent Gold Bonds
52,397,000
Deposited against Southern Pacific Company Two-Five-Years Four and One-Half Cent Gold
Bonds, called for redemption but not presented
5,993,000
Freelin Treasury
234,709
Stocks
Total
Stock free in Treasury of Morgan's Louisiana
Railroad
.t
Steamship Co
00
00
00
50
$302 ,825 ,042 50
845,000 00
303,670,042 50
standing in the hands of the Public
Leaving
o
Amount
of stocks of
.
& Texas
00
$738,529 50
Increase during the year
The
73S,529 50
Southern Pacific Company and. Proprietary Companies outstanding in the hands of the Public June 30 1905_$238,157,628 14
839,570,277 50
details of the stocks deposited as collateral
under the above-mentioned capital issues are shown
in
Table No.
5.
FUNDED DEBT.
On June
1905 the Southern Pacific Company called for redemption the entire outstanding issue of its Two-Five Years
Four and One-half Per Cent Gold Bonds, amounting to $30,000,000, face value. For the purpose of retiring these bonds,
the company, under an Indenture dated June 1 1905, issued its Two-Five Years Four Per Cent. Gold Bonds to the amount
of $30,000,000, face value.
Of this issue, bonds to the amount of $6,991,000 were issued in exchange for a like amount
died for redemption; the remaining bonds, amounting to $23,009,000, are a free asset in the treasuiy of the
of the bo ids
1
i
Compan
The Central Pacific Railway Company, under an Indenture dated October 1 1904, authorized the issue of its Through
Short Line First Mortgage (Four Per Cent) Gold Bonds to the amount of $10,000,000, face value, to pay for the construction
of the^Ogden-Lucin Cut-Off, more particularly described in the annual report for the year ended June 30 1903, for subsequent
improvements and additions to said line, and for other corporate purposes.
To provide the funds for the retirement of bonds of the constituent companies merged by consolidation into the Southern
Pacific Railroad Company, for the acquisition of additional property, and for other corporate purposes, said Southern
Pacific Railroad Company, under an Indenture dated January 3 1905, authorized the issue of First Refunding Mortgage
(Four Per Cent) Gold Bonds to the amount of $160,000,000, face value, to be applied as follows:
$25,000,000
93,6S2,500
15,000,000
26,317,500
for general corporate purposes.
for refunding," exchanging,
redeeming, purchasing or retiring outstanding old
bond;-..
for general refunding purposes.
for construction
purposes and the aca.uisition of additional
lines.
$160,000.,000 Total.
Bonds
as
to the
amount
of $75,000,000, face value,
were issued and sold during the year, and the proceeds thereof applied
stated.
'ter
I;
On June 1 1905 there matured $1,000,000, face value, Galveston Harrisburg & San Antonio Railway Compan}- Second
Mortgage Eastern Division 7 per cent Bonds. Under the laws of Texas, and the rulings of the Railroad Commission of
that State, that Company was not allowed to issue new bonds for the purpose of paying or refunding the bonds thus matured.
The Company being without the means to pay the bonds at their maturity, the Southern Pacific Compan}-, in anticipation
tieir maturity, bought these bonds, so far as offered, and at the close of the fiscal year had purchased bonds to the
amount of $926,000.
The changes in the Funded Debt
were as follows,
of the
Southern Pacific Company and of the Proprietary Companies during the year
viz.:
Bonds, Equipment Trust Obligations, Three Per Cent Notes of the Central Pacific Railroad Company
of America, and other fixed interest-bearing obligations outstanding at the beginning of the year
in favor of the
United States
S301, 893,084 28
_
Issued during the year:
—
Southern Pacific Company.
Four Per Cent Gold Bonds (Central Pacific Stock Collateral) issued in exchange for a like a lounl if 'referred Stock of the Central Pacific Railway Company deposited with Trustee under provisions of Mortgage.
Two-Five Years 4 Per Cent Gold Bonds issued in exchange for a like amount of Two-Five Years 4
Per
i
S2OQ.O0O 00
M
Cen
CentrFir
redemption June 1 1905
mpany.
tori
;e 4 Per Cent Bonds, issued for account of Three Per Cent
Notes to the United
Vugust 1 1904 and February 1 1905, of $2,940,635 78 each, paid off
,ine First J irtgage 4 Per Cent Gold Bonds issued for the construction of Ogden-Lucin
tonds
P
Railway
fie
i
:
Stat
Thro
:
called for
I
—
Cut-Oil:
Iroad
South
Company.
—
.
(4 Per Cent) Gold Bon;!s, issued for the following purposes:
tandi ig bonis
For retiring a like amount of old oi
outstanding old bonds
For
For general corporate purposes
ii
.
':
6,991,00000
5,881,000 00
8,300,000 00
14,517,000 00
5,4S3,000 00
25,000,000 00
75,000,000 00
96.372,000 00
Dec.
16
THE CHRONICLE.
1905J
lirowjltt
1731
$458,270,084 28
Forward
Retired during the year:
—
Southern Pacific Company.
Bts Per Cent Steamship Bonds purchased and canceled
Two-Five Years ('.. Per Cenl Gold Bonds called for redemption June
Central Pacific
Ii-:<
1.
$71,00000
1
—
Refunding Mortgage » Per Cent Bonds, purchased from payments
Three and One Hall Per Cent Mortgage Gold Bonds:
Purchased from payment- to Slnld ig Fund.
Purchased from proceeds from sale of lands
Purchase from sale of securities
First
1906, paid off or exchanged
to
Sinking Fund and canceled
Galv
in favor of the
Railway Company.
iern
Equipment Trust Notes paid
off
United states of America, due August
a-
7
—
5.881,27156
1,265 50
idated Mortgage 6 Per Cent Bonds
Company.
-
5425,000 00
135,000 00
560,000 00
—
Mortgage 5 Per Cent Bonds purchased from proceeds of lands sold
First
34S.000 00
1904, and
—
final
id
l
._.
Railroad Company.
Hands called for redemption from proceeds of lands sold:
First Mortgage 5 Per Cent
Houston
20,000 00
$29,000 00
218,000 00
101 ,000 00
-
1
Notes of Central Pacific Railroad Company
February l 1905, paid o:T
2S ,2 12,000 00
596,000 00
Company. —
SouthiTn Pacific Railroad
$500,000 00
Stockton & Copperopolls First Mortgage 5 Per Cent Bonds, due January 1 1905
V.," due April 1 1905
12,449,000 00
B. 1' R.R. First M irtgage 6 Per Cenl Bonds of 1875,
1,998,500 00
Iforaia Pacific Third Mortgage 6 Per Cent Bonds, due July l 1005.
1,000,000 00
California Pacific Third Mortgage 3 Per Cenl Bonds, due July 1 1905
called for redemption August
Per Cent B
S. P. R. R. First Cons
--- 24,524,500 00
1 1906
4,045,000 00 44,517,000 00
6 Per Cent Bonds of 1875, Series "B," due October 1 1905
S. P. R. R. First
"
.
onus was provide for in the issue of $75,000,000 new First Refunding (Four Per
(The retirement of th
Centi Bonds.
tue of the new bonds there was deposited with the Trustee of the new
Sim til insausly with tl
int of the "outstanding old bonds" or the cash to pay for all such as had not been premort
sented for
1
V w Or
ment to State
Texas
Company.
.(•
Texas
of
for
—
account of School
Fund Debt
6,542 07
Total
$378,051,005 09
bonds deposited as
1
$80,219,079 19
collateral
under Southern Pacific Company Two-Five Years Four Per Cent Mortgage,
viz.:
iern Pacific
New York Texas
Amount
cl
Company Four Per Cent
<fc
(C. P. stock collateral")
and fixe 1 interest-bearing debt. Southern Pacific Conranv and Proprietary Companies
$6,354,000 Income Bonds) outstanding in the hauls of the Public, June 30 1905
of fun led
a ling
Increase during the year..
•The
1,000,000 00
548,030 00
Mexican Railway Company, Matagorda Division, 6 Per Cent
shown
in Table
BOB
$376,503,005 09
$14,604,920 81
No.
4.
j
IMUCAPITAL EXPENDITURES.
The expenditures
(in-
_
details of this debt are
for the construction of
new
1,51 s? ,000 00
|
equipment, and betterments and additions to completed lines were
lines,
as follows:
Central Pacific Railway
—
Cost of O^'len-Lucin Cut-Off, including 28 locomotives, 9 passenger ani 200 box cars (50 tons capacity)
Less accounts charged off
$9,700,077 05
4,295 97
$9,695,781 08
$7,543 74
11,681 72
3,454 69
22,680 15
$25,956 98
8,765 07
17,191 91
—
Louisiana Western Railroad.
Extension from Mallard Junction to Lake Arthur
Extension from Lafayette to Baton Rouge
-
Surveys
Company —
Southern Pacific Terminal
Terminal facilities at Galveston, Texas
Less sale of old material, and adjustments.
Texas & New Orleans Railroad
Extension to Sour Lake
Company —
10,606 57
Total
$9,746,259 71
Expenditures for Betterments and Additions
Table Wo. 21:
For
For
For
For
For
For
For
For
to
completed lines
of
the Proprietary
Companies, as skown in
—
ballasting
and culverts
shops, buildings and yards
nal estate
fencing, telegraph lines, shop machinery, and other minor expenses
additional side and passing tracks
changes in line, reducing grades, widening embankments, tunnel improvements, and second main track..
10 locomotives, 14 chair, 2 dining, 4 passenger, 75 refrigerator cars of 30 tons capacity, 593 box cars of 40
tons capacity, 90 flat cars of 50 tons capacity, 1 rotary dredger, 1 steam crane, and co-t of equipping passenger cars with Pintsch gas and axle lighting..
bridges, viaducts
$336,488
660,837
1,320,884
63,292
390,503
822,506
685,874
16
81
29
66
94
47
27
1,111,247 12
5,391,634 72
$15,137,894 43
—
Southern Pacific Company
Cost of stocks and bonds
3,968,131 38
-
$10,100,025 81
Less the following credits:
Gulf Western Texas <t Pacific Railway
Expenses for surveys written off
—
New York Texas & Mexican
Adjustment
Railway —
in construction accounts
$2,883 67
--
—
Morgan's Louisiana & Texas Railroad A Steamship Company
Difference between cost of steamships sold and the amount realized from
ships placed out of cornmis ion and their estimated present value
expended for.
L
Extension from Cypremort to Week's Island
Extension from Raceland to Lockport
Surveys
sale,
and
of steam-
$534,172 00
$15,454 88
64,679 04
157 95
80,201 87
468,880 18
14 10
THE CHRONICLE.
1732
Brought Forward
—
A
California RR.
Adjustment in construction accounts
Oregon
Souther a Pacific
RR.
>
$456,777 99
-
319.106,025 81
9,787 35
-
—
Proceeds from sale of rock, and other collections
Adjustment in construction accounts
Proceeds from sale of real estate
i
|Vol. lxxxi.
$15,518 71
56,781 36
2,956,416 57
-
££
g-
Ifv
•'•'
l.i
;_.
13,028,716 64
—
expended for
Construction, Simi Tunnel to Burbank
Extension to Fair Oaks
Change of gauge Lodi Branch
88
Real Estate
$57,96169
V
14,884 27
148,495 00
2,673,700 oo
-
2,895,040 96
Total
U'litmvs Proprietary Companies and Southern Pacific
e.Ni.i
Less
amount "appropriated from Income Account
Company
Company
133,675 68
600,24102
$18,505,784 79
151,446 52
-
of Southern Pacific
.
Balance charged to Capital Account
.$18,354,338 27
.
These expenditures were provided for by an issue of $8,300,000 00, face value, Central Pacific Railway Company Through
Short Line Four Per Cent Bonds, $200,000 00, face value, Southern Pacific Company Four Per Cent Gold Bonds (Central
Pacific Stock Collateral) and $9,854,338 27 from earnings and other sources.
The details of all expenditures for Capital Account of the Proprietary Companies are shown in Table No. 7.
SINKING FUNDS.
for account of the Sinking
follows:
The transactions
Companies were as
Funds
of the
Southern Pacific
Company and
Income from investments collected during year ended June 30 1905
Income from annual requirements of mortgages
of the respective Proprietary
$219,01490
515 ,000 00
,
Total applicable for redemption of bonds
Amount
$734,014 90
15,914,183 81
to the credit of the respective sinking funds at the beginning of the year
Total
Less amount paid for the following bonds purchased and canceled:
$71,000, face value, Southern Pacific Co.'s Steamship First Mortgage Six Per Cent Bonds
$130,000, face value, Central Pacifically. Co.'s Three and One-Half Per Cent Mortgage Bonds
$26,000, face value. Central Pacific Ry. Co.'s First Refunding Mortgage Four Per Cent Gold Bonds
816,648,198 71
$74,550 00
116,774 38
26,348 06
804 78
218,477 22
$894 00
16,428,827 49
$16,429,721 49
Loss on bonds called for redemption
Balance June 30 1905, consisting of cost of bonds purchased for investment and cash uninvested,
viz.:
Southern Pacific Company
Proprietary Companies
The sinking fund transactions
shown in detail in Table No. 15.
of each
company, the
securities held,
and the cash on hand
for
account of each fund, are
LANDS.
The transactions
of the Proprietary
Companies
in regard to proceeds
from the
sale of lands pledged for the
redemption of
bonds were as follows:
Number of acres sold
Cash receipts from
32,374
$53 ,452 84
64 ,361 43
117,814 27
3 88
2 ,282 ,796 77
14,555,114
$814,000 00
sales
Principal ol deferred payments on time sales
Total amount of sales for the year
Average price received per acre
.
Land contracts outstandingMune 30 1905
Number of acres of land remaining unsold June 30 1905
Face value of bonds purchased and canceled by Trustees from proceeds of the sales of land paid over to them (costing $789,648 55)
of each company in respect of lands and the disposition made of their cash receipts therefrom are shown
Tables Nos. 16 and 17.
The above statements do not include transactions in respect of the lands formerly belonging to the Houston & Texas CenUnder the Trust Indenture executed by Frederic P. Olcott, the purchaser thereof at foreclosure
tral Railway Company.
sale, the proceeds from the sale of these lands are to be applied to the purchase and cancellation of bonds of the Houston &
Texas Central Railroad Company issued under its First Mortgage and its Consolidated Mortgage. The cash receipts and
disbursements for account of these lands were as follows:
The transactions
in detail in
Cash on hand June 30 1904
Receipts from sale of rands, from principal of deferred payments, and from interest on deferred payments
Receipts from lease of lands
Other receipts
$379,648 85
'.
Lesse
•
|
of
$737,835 61
74,142 27
12,664 35
Land Department and taxes on lands
$824,642 23
99,364 33
725,277 90
Leaving available
for
Deduct for cost
redemption of bonds
of
$1, 104 ,926 75
bonds purchased and canceled,
viz.:
$458,000, face value, First Mortgage Bonds.
140,000, face value, Consolidated Mortgage Bonds.
666,793 80
Total
S59S.000
Cash on hand June 30 1905
Amount
of land contracts outstanding
June 30 1905
$438,132 95
$757,609 41
1,946,715
'.
Acres of land remaining unsold June 30 1905
There were called for redemption on July 20 1905 Consolidated Mortgage Bonds to the amount of $140,000. face value,
and, on September 26 1905, First Mortgage Bonds to the amount of $250,000, face value; total, $390 .000.
ASSETS AND LIABILITIES.
The details of the assets and liabilities of the Southern Pacific Company are shown in Table No. 10, and those of the ProThe value of the granted lands belonging to the Central Pacific Ry. Co., the
prietary Companies in Tables Nos. 13 and 14.
Oregon & California RR. Co., the Southern Pacific RR. Co. and the Texas & New Orleans RR. Co., which remain unsold
The cash proceeds, however, from the sale of the
at the close of the year, is not included in the assets of said companies.
lands, the disposition made thereof, the cash in hands of trustees, and the other transactions in respect of said lands, are
shown in Tables Nos. 16 and 17.
The combined transactions of the Southern Pacific Company and of the Proprietary Companies, for the year, briefly stated,
'
•._:
'.
were as follows:
_
_.i_:.
Sadi»feiiWd
^UmMfiH
y
'
'
T
r
.
.
Dec.
THE CHRONICLE.
10 L906
|
/.'
I?*}
Southern Pa-
./</.*
Proprietary
'ompanite.
Comp'y.
cific
S39.50tl.S4O (M)
7,191 .mm mi
Pacifl
Railroad Co. 's notes to U. S, ol America,
$39,709,840 00
96,372,000 00
11
.sill (ID
re
28,288,000 00
51 ,986,079 19
$18,477,840 00
Balance
receipts from capital created brought
N<;i
$200,000 00
89,181,000 no
$46,760,840 00 smi,:;n] .duo do $136,1
Total capita] created
Bonds, equipment uust notes, and Central
or pro\ Ided for from (.'ash on hand
Less:
Total.
(
'.4,920 81
80,219,079
<;,:,
I'.'
" •_' ;.,o si
down
8, 17,094 0-1
12,431 ,973 24
1
Balance from Income Account,
No.
["able
l'
$74,801,828 09
Total receipts
Dis
Is
—
vis
new construction, real estate, and stocks and bonds charged u> capital account
Increase in sinking funds
Loans and other current liabilities paid off
_
$60,646,7 13 41
Increase in cash on band
reserved to retire Southern Pacific Railroad Co. 's bonds called tor redemption August l 1905,
Deduct lor amount
:;(),.s:!7 500 00
bonds maturing October 1905, and bonds which bad matured but had not been presented .
(Oi these bonds $27,942,500 have since June 30 1905 been paid off; the cash for the remaining sj,ss.r .hod >\ait-posited with The Equitable Trust Company of New York, Trustee, u> provide for their retirement
Increase in other current assets
s from income. Table No. 2
.
.
Dlvidi
red stock of Southern Pacific Company, discount on bonds sold, ami other profit and loss charges (including
>ou 00 tor refunding outstanding old bom Is of Southern Pacific Kit. Co.), Table No. 3
IS
Expenditures
for
138 J7
480,1 17
.si
23 880,223
17
l!l.s|<),-_>4;{
41
1
.
•
.
>
001,301
407.S00 96
.->:;
7.858,802 64
.
S74, 80 1,828 09
Total disbursements.
\ settlement was effected during the year with the San Antonio & Aransas Pass Railway Company in respect of the ad ranees made to it from time to time since 1893 by the Southern Pacific Company, under its guaranty of the principal and
interest of the bonds of that Company.
These advances are now evidenced by notes of the San Antonio & Aransas Pass
Railway Company due July
1920, bearing interest from July 1 1904 at such rate, not exceeding four per cent per annum
(non-cumulative as the net earnings and income of the Railway Company shall suffice to pay, after the payment of all
expenses incurred for maintenance and operation, of betterments on, improvements of, and additions to the railway, for
taxes and for fixed charges.
The interest charged on these advances in former years was written off, and the account is dealt
with as a contingent asset on the Southern Pacific Company's books.
Bonds to the amount of SI. 374.000 00 were purchased from proceeds of sale of lands and canceled; bonds to the amount
of S 10 1,000 00 were purchased from sale of sinking fund securities and canceled, and bonds to the amount of $120,000 00
were purchased from sinking fund contributions and canceled, thus making a total of $1,601,000 00 bonds purchased and
canceled during the year.
1
>
.
EQUIPMENT.
The following changes have taken place during the year
in the
equipment owned by the companies:
Added and
destroyed
Sold,
or condemned
&
to
Re- Replacement
placement Fund.
Fund.
29
45
Baggage and express cars
Baggage, express and mail cars
Bawas>- and passenger cars .
Basgage. mail and passenger.
3
6
1
1
Chair Car-
4
4
Total.
20
4
3
Free Assets
So. Pac. Co.
Capital
Account.
credited
Locomomr-
char(/ed to
al8
3
11
3
19
«3
1
176
Caboose
Flat cars
.
802
99
1,077
262
90
750
1,102
75
672
14
624
84
car>
Gondola
1
14
6
6
3
9
3
Narrow-gauge passenger car-
165
20
6
2
2
10
Postal cars
82
2
Dinintr cars
Observation
Passenger cars
Box
38
a75
2
Refrigerator
Stock car-
81
Tank-
11
Other
250
14
Narro.' -gauge freight cars
78
263
54
Road
13
Berries cars
17
18
1
.
Amount
credited or charged
SI, 192, 124
.
8581,194,055 75 $1,755,895 51 $2,183,160 3416,133,711 60
aCredir.
The locomotives added during the year averaged 97.79 tons total weight of engine without tender and 82.78 tons upon
The freight cars added during the year averaged 50.00 tons capacity.
driver-.
There remained to the credit of the fund for replacement of rolling stock at the close of the year, $169,932 60.
The locomotives and car- owned and their capacity at the close of the year, were as follows:
.
This Year.
Last Year.
,i.7H
1,534
33
3.3
1,703
1,567
Locomotives, standard gai
narrow g
1
l
Total
•
Total weight, excluding tenders
Average total weight on drivers
dnril
i/u>ii/i
106,811
63.96
85,782
51.37
tons
92,510
......
Total
1
15 46
6 05
3.66
1 1
,498
16 Is
,576
6 07
39
2.65
1 49
,538
38
1
1
2 47
858
13
1
.
OIU
164.(141
31 46
11
I
18.
7
799
30
The changes during
us
18
l.sl
6.64
,279
.i.Ji.7
ipment owned by the companies is shown in Table No,
in Tables Nbs. 25, 26 and 27.
ill equipment
an
1
B10
44,801
tandard-g
,
8.68
2.94
75.
!
'.
l
136
8 87
.
'
.
—
PerCent.
1,471
67
44.050
•
Decrease.
14,301
60.31
74,284
48.43
66
i
136
m
tons
1,510
.
Increase.
1
i
1
:::,
28
1
—
is
s;;
apacity, and the
THE CHRONICLE.
1734
[Vol. lkxxi.
TRANSPORTATION OPERATIONS.
of all lines operated during the year
The transportation operations
were as follows:
Year ended
Year enrlnl
June 30 1905. Jane 30 1904
Year ended June 30 1905.
Increase
Average miles of
Receipts
rail
operated
lines
9,137.85
326,412.031 08 $26,201,487 59 SI ,21 1,143
3, 615, 455 12
3, 036, 501 28
57,75n,:',l
94 56,602,651 17 1,156,600
143,542 68
7,929
135,613 68
1,334,252 29
138,439
1,472,691 47
Freight
I
Car mileage.
--
Rentals, switching and
Total
all
other sources
S21.040 16
771.
00
.
18
.
5.85
10.37
Terminal Co
Total
29.21
$95,515,158 01 892,933,230 73 82,581,927 28
Pacific
2.78
2.87
.42
—
Operati g Expenses
Maintenance or way and structure
Maintenance of equipment
Conducting transportation
]
513,731,801 10*12,315,661 81 id ,416,239 29
12,989,732 07
99
2,116,88072
rail
1 1
61
182,315,331 25
203,314 99
.50
7.80
7.23
10.62
858,530,014 88 858,286,141 24
4,818,148 74
5,059,749 86
75,303 55
74,470 36
Total
Receipts over operating expenses
8484,641 57
.77
831,850,922 91 $29,753,637 20 82,097,285 71
Terminal Co
8243,873 64
241,601 12
363,664,235 10 S63.179.593 53
lines
Water
lines
Southern Pacific
939,050
12,050,08146
32,006,932 24!
1,913,56573
I
General expenses
Total
4.81
.06
2.04
49;
189.403,682 29 886,910,506 oi 12,493,126 28
5,- 19,1 18 66
5,790,423 42
22,696 24
292,407 06
66,105 76
226,301 30
rail lines
lines
Southern
1.37
—
Passenger and extra baggage.
Mad and express
Water
Per Cent.
Decrease.
123.66
9,014.1
7.05
.42
6.01
1.11
8S33 19
Passenger Traffic —
Number
Number
of passengers carried
of passengers carried one mile
Receipts of passenger trains per mile of main track
Receipts of passenger trains per revenue train mile
Average receipts per passenger per mile (excluding ferry
Average distance carried (excluding ferry suburban)
—
Freight Traffic
29,797,457
2.183 cents.
84.39 miles.
30,668,125
1,269,725,211
S3, 114 64i
si 59
2.141 cents.
82.83 miles.
24,464,827
6,561,349,589
86,103 44
82 91
1.046 cents.
268.20 miles.
-4:;
$3,20
—suburban)
870,668
23,084,348
6,562,648.418
$5,786 95
$2 00
1.014 cents.
277.09 miles.
1,293,47:;/
!
2.84
1.87
2.96
3.77
1.96
1.88
23,748,638
S92 28
$0 0".
.042 cents.
1.56 miles.
—a
Tons commercial and company freight carried
Tons commercial an company freight carried one mile
Receipts per mile of main track commercial freight
1
—
Receipts ner revenue train mile — commercial freight
Average receipts per ton per mile — commercial freight
Average distance carried
—
all
•_
freight
3.30
780,479
1,298,829
.02
8.89 miles
5.47
11.92
3.16
3.21
8316 49
$0 31
.032 cents
aWaybill tonnage.
Compared with the preceding year the per cent
operating expenses to gross receipts was as follows:
of
Water Lines.
Rail Lines.
This Year.
Last Year.
This Year.
Total, Includ.
Terminal Property.
This Year.
Last Year.
Last Year.
Per Cent.
29.88
35.58
Per Cent.
PerCent.
PerCent.
Per Cent.
Per Cent.
For "maintenance
For "operation" .
28.03
39.03
19.82
67.13
19.59
63.53
29.22
37.43
40 50
Total
65.46
67.06
86.95
83.12
66.65
67.98
27.48
The transportation receipts and operating expenses for each company are shown in detail in Table No. 20.
The sources from which the increased transportation receipts were derived and the causes which have contributed
thereto are given in the review of traffic, Tables Nos. 22 and 23.
The expenses for "maintenance" increased $2,356,975 23, or 9.21 per cent. This was caused entirely by the increase
in expenses for maintenance of way, of structures, and of equipment, as hereinafter explained.
Expenses for "operation"
decreased $1,872,333 66, or 4.98 per cent, caused principally by a decrease in expenditures for fuel for locomotives, loco•
motive and train service and in payments for injuries, loss, damage, and other casualties.
Maintenance of Way and Structures. (Increase, $1 ,416,239 29, or 11.50 per cent) Expenditures for repairs of roadway
increased $742,117 20; caused mainly by expenditures for improving the roadbed and adapting it to the greater weight of
the equipment and of the trains passing over it.
Expenditures for renewals of cross-ties, rails, frogs, switches, and fastenings increased $355,806 73, the result of the greater amount of such renewals made during the year.
Expenditures for
repairs of buildings, docks and wharves increased $196,540 68, the result of extensive repairs made to buildings on all
the companies' lines.
The following rails, cross-ties and tie-plates were used during the year in making renewals, and the cost thereof charged
to operating expenses:
—
This Year.
Miles of new 75-lh. steel rails
Miles of new 80-lb. steel rails
Total miles of new steel rails
.66
577.40
578.06
Number of
Number of
btirnettized cross-ties
other cross-ties
Total number of cross-ties
Equal to miles of continuous track
Per cent of renewals of all ties in track, including sidings
Number of tie-plates
Equal to miles of continuous track
The weight
of rails per
Last Year.
yard in main
owned main and second tracl^
operated, including N. M. & A. <^
Sonora Rys.
lines
,739,144
,272,766
,011,910
1 ,046.53
8.70
,496,314
433.68
and branches
at the close of the year
Branches
Total
Per cent of total miles of track this year
Per cent of total miles of track last year.
2.50
479.82
482.32
1,174,195
1,167,105
2,341,300
824.69
6.90
2,264,502
398.82
+ 97.58
+ 95.74
+ 564,949
+ 105,661
+ 670,610
+ 221.84
1.80
+
+ 231,812
34.86
+
as follows:
61.5 and
Miles of
Main and second track
was
—Increase or
Decrease.
— 1.84
-I-
Total
96-76.
8046.
5,396. If
3,866.94
20.91
9,263.09
21.28 2,727.83
100.00
100.00
.37
.22
.24
2,663.60
64.23
29.40
16.92
76-76.
75-/6.
60-/6.
Less than
56-/6.
54-/6.
52-/6.
50-/6.
50-/6.
654.73
1,468.59
74.57 1,411.38
76.38
331 .49
255.86
125,13
124.66 .1,257.46
331.88
407.28 1,543.16 2,066.11
407.87
255.86
124.66 1.382.59
331.88
22.36
27.67
4.39
5.39
2.76
3.02
386.81
20.47
4.39
4.71
16.43
16.41
1.34
1.41
15.23
1S.64
3.48
5.59
Dec.
TI1K CIIKONICLK.
10 1905
1735
Expenditures for maintenance of way and Btruotures averaged 81,470 41 per mile of main and second track, against
$1,341 77 for the preceding year.
At the several wood-preserving plants of the Company, 522,305 lineal feet of piling and 3,854,052 feet B. M. lumber
were ereosoted. and 1,726,338 crossties were burnettised.
Maintenance of Equipment. -(Increase, S939.050 01 or 7.80 per cent.) Expenditures for repairs and renewals of
.Miles run by locomotives decreased 2,018,0/6 miles, or 3.83 per
locomotives increased 8181,370 30, or 3.39 per cent.
cent.
The expenditures include 1143,377 47, the difference between the present cost of 28 old light-weight locomotives
disposed of and the price obtained for them. 892.201 34, for changing 70 locomotives to burn oil, and S 45,013 07 for
changing 19 locomotives from compound to single expansion; also 837.893 39 for metal cabs applied to 77 locomotives, for equipping 100 locomotives with acetylene headlights, and for 174 steel-tired wheels used in making
renewals.
Expenditures for repairs and renewals of passenger ears increased $192,102 50, or 15.34 per cent.
Miles run by passenger
equipment increased 5.01 .098 miles, or 5.15 per cent. The expenditures include $102,300 81, the present cost of replacing
28 cars sold, destroyed or condemned, viz: 8 baggage and express, 4 baggage, express and mail, 4 baggage and passenger.
4 chair, 10 passenger and 3 postal cars; also $10,194 52 for equipping 14 passenger cars with steam heat, 13 with steel-tired
wheels, and 6 with vestibules and steel platforms.
Expenditures for repairs and renewals of freight cars increased $198,400 24, or 5.49 per cent. The expenditures include
$502,053 45, the present cost of replacing 1,556 freight ears sold, destroyed, or condemned, and the cost of equipping 45
narrow-gauge cars with air brakes and 347 narrow-gauge cars with automatic couplers.
These expenditures include
JbJ Expenditures for repairs and renewals of road service equipment increased $127,439 84.
$23,802 72, the present cost of replacing 78-cars condemned and broken up; the greater part of the increase resulted from
corrections in charges and from the large credits given in the preceding year to this equipment for its use in construction
.
1
1
•
work.
£v The average cost of repairs per locomotive and per car per annum, and the average number of serviceable locomotives
and cars maintained during the year were:
Average Cost Per
Including Charge for Locomotives and Cars
Annum.
Average Serviceable Number.
Destroyed or Condemned.
This Year.
Locomotives
$3,473 36
.
920 40
85 00
Passeneer train cars
Freight train cars
Last Year.
This Year.
S3, 588 17
823 11
Last Year.
1.518
1,483
44,571
1,637
1,566
44 ,887
81 15
The equipment owned by the Proprietary Companies and the Southern Pacific Company is shown in Table No. 18,
and the changes in all equipment, the capacity, the service, and the average cost of maintenance are shown in Tables Nob.
25, 20 and 27.
|-
—
Expenditures for fuel for locomotivees
Conducting Transportation.
(Decrease, $2,315,331 25, or 7.23 per cent.)
decreased $1,665,648 04, and expenditures for wages of enginemen and trainmen $235,087 89, a total of $1,901,330 53,
These savings resulted, in part, from a decrease of 1,166,185 miles, or 2.37 per cent, in mihs run by
or 10.10 per cent.
locomotives in revenue service; from the substitution of oil for fuel; from a reduction in the price of fuel, and from other
economies the result of the improvements and additions of facilities made in recent years for the purpose of cheapening
In payments for injuries, loss and damage to freight and property, and other casualties there
the cost of transportation.
was a decrease of 8433,100 47, or 21.49 per cent, and in payments for mileage and switching charges of $136,954 95, or
Expenditures for station, terminal and ferry service increased $252,493 90, or 2.81 per cent, caused prin20.87 per cent.
cipally by the increased traffic handled.
&• Compared with the results of the preceding year, the work done by the Transportation Department shows the following
results:
Increase.
Gross transportation receipts
Crail lines
$2,315,331 25
—
23,748,638
5,611,698
160,381
...
Locomotive, mileage of passenger trains, including light and helping
Tons of commercial and company freight carried one mile
Car mileage of freight trains
Locomotive mileage of freight and mi
s, including light and helping
Locomotive mileag
helping, and switching.
.87
1,298.829
12,045,621
1,229,195
1,166.185
:
I
,
The average number of tons of freight per train, tons per loaded car,
to totai freight ear mileage (including caboose), were:
and the per cent
e.)
•"
303.67
297.15
rncres
-•
-
Cent
Tons
per
loa'M
i-,
365.48
344.23
6.52
.
1904'j.
21.25
0.17
..
1905.
1904
19.29
19.78
18. 7S
11
!
car milet
|
Increase.
uding caboose), 1905
caboose,
58
71.78
55
2.45
.
15
4.85
l:
.96
.35
1.81
.27
1.42
67.KS
?4!.32
325.54
19.31
.49
loaded freight
A v( rage
All Lines.
.05
2 .48
Per cnt of
Per coat of
.02
2.42
5.17
2.37
of loaded freight car mileage
Lin 'S
1
Part of El Paso. West of F I Paso.
oany Freight.
Co;
in
2.87
7.23
1.87
5.15
$2,493,126 2S
only)
Expenses conducting transportation (rail lines only),
Passengers carried one mile (including ferry suburban)
Car mileacre of passenger trains .
Tons carried
P(r Cent.
Decrease.
4.71
71.01
CX. 06
2.95
4.33
3
a Ton miles
-
I
The expenses t
Fuel for loco
preceding ye
the
train
and
all
mi.xc
I
train
I
d 82.93 cents per revenue train mile, against 87.27 cents in the
raged L2.72 cents per locomotive mile in revenue service against ir>.xi cents in
i
ion use "f the rolling -lock of the companies enabled them to
put into effect this year fo
ir with a decrease in total freight car miles of
12,045,621 miles.
In the per cent of leaded
freight car mileage to total fr<
there was a gain of 2.95 per cent: in empty freight car mihs there wan
r mileag
11.44 per cent.
a decrease of 18,1 88
A review of the general operating results by which these expenses are effected is given in Table No. 24.
been entirely
The increase In these expenditure
General Expeneee.
(Increase, $203,314 99, or 10.62 p< r cent.)
for account of general administration.
Legal e pensee decreased $36,318 95.
Water Line Exp
-(Increase, $241. ooi 12, or 5.01 per cent.)
Expenses for "maintenance" increased $3, son 7S
The latter expenses include $162,041 65
or .34 per cent.
1237,705 34, or 6.04" per cent.
Expenses for "operation" incr
for insurance on steamers, the year's proportion of insurance effected on the entire fleet; Si ,070 85 for increase In payments
additional Bingle trips between Mew Orleans
for loss and damage, and a nel increase of S03.1 19 70 in expenses incidenl to
and Havana, arid 55 trip- between New York and Oalveston. In the sailings between New York and New Orleans there
was a decrease of 16 single trips.
The
clei
handle the
traffic fo
•
—
i
i
1
1
THE CHRONICLE.
1736
[Vol. lxxxi.
GENERAL.
The operations of the properties were free from serious losses or damages by floods, by fire,
The expenditures for maintenance were sufficient to fully cover the annual depreciation.
by other exceptional
The saving in expenses
or
causes.
conducting transportation has been already explained.
for all lines reached 341.32 tons per train, the greatest in Hie history of the Company.
lines u esl of E] Paso, the average train-load reached .'Sfio.-IK tons, against 335 -'47 tons in 1903, a Kain of 30 tons.
In the last four years the improvement iii the average train-load and in the reduction of light and helping
for
On
The average train-load
movement
quired for the
Company's
of the
Computations based mi revenue train
traffic
was as
mileai/r plus three-fourths "[
,
mixed tram mileage.
Lin*
,
t
o/
1905
As erage train-load
ge re-
follows:
Ea
Average train-load
the
1901
El
Lines
ra*o. West of El Pa
ragt all
Lines.
308.71
290. 28
Light and helping mileage freight trains, 1905
Light and helping mileage freight trains, 1901
Increase
347.42
305.34
18.43
6.35
55.95
17.69
42.08
405,062
[ncrease
Per cent
372.13
316.18
2,975,418
2,894,415
856,241
.
450,179
52. 64
1.4K0
749,656
—
all
. .
6,379,951
850, 198,998
.28
freight over 1901 __
.
..
..
1.176
9.84.
2.83
24.80
...
Increase in ton miles
Per cent of increase
-
:;.
81,003..
...-
Decrease
Per cent
L3.78
_
-
6,578,949
15.21
Under the pension system put in effect January 1 1903 there are carried 218 employes on the pension rolls of the companies.
The payments to them for the year amounted to $80,048 61.
At the close of the fiscal year the average age of locomotives in service was 12.92 years, of passenger equipment 15.28
years, and of freight equipment 9.74 years.
The older equipment should be retired in order to secure continued economy
in maintenance, as well as a material increase in carrying capacity.
To effect these desired ends, there were ordered for
delivery during the ensuing fiscal year 67 locomotives, 76 passenger train cars and 2,650 freight train cars, costing about
$4,300,000; this policy should be continued until all the older equipment is replaced.
In order to develop and protect the territory tributary to its lines, the Company, since the close of the fiscal year, has
authorized and provided for the construction of a line from a connection with the Oregon & California Railroad, at Xatron,
eastward^ into Central Oregon; also several branch lines in the same State, and in California and Nevada. The newlines thus authorized, of which a part is now under construction, aggregate about 400 miles, and, including equipment,
are estimated to cost about .$14,000,000.
In addition to the lines already authorized, further important extensions are
under consideration.
On August 14 1905 a concession was granted by the Mexican Government for the construction by this Company, or
by some company which it may organize for that purpose, of about 775 miles of railroad on the west coast of Mexico, from
a connection with lines now controlled, to Guadalajara.
In view of the large expenditures required for the construction of these new lines, and in order that the work may
be carried on advantageously and eventually financed on a favorable basis, as well as to strengthen the Company pending
the effect of the aggressive building of competitive lines which are being projected into the territory served by these lines,
it is important to hold in reserve and carefully husband the resources of the Company.
APPROVED BY THE BOARD OF DIRECTORS.
ALEXANDER MILLAR,
Secretary.
No.
2.— INCOME ACCOUNT FOR
THE YEAR ENDED JUNE
30 1905.
COMPANIES.
SOUTHERN PACIFIC COMPANY AND PROPRIETARY
(Earnings and Expenses of "Proprietary" and "Non-Proprietary" Lines and Miscellaneous Income of the .southern Pacific
prietary Companies, and combining details shown in Tallies Nos. 8 and 11.)
.
Operating expenses (and taxes) of proprietary lines, interest on funded debt and all other expenses of proprietary
companies as shown in detail in Table No. 11
$79,656,839 15
Operating expenses, taxes and all other expenses incurred in connection with the operation of the following non-proprietarv
RR
1.149,646 75
Expenses of Southern Pacific Co. (Table
No. 8):
Expenses of steamship lines operated. -$4,572,895 91
Interest on S. P. Co. 6% steamship bonds
122,190 00
Interest on S. P. Co. 4% bonds (C. P.
bonds
in detail in
1
on S. P. Co. 4% 2-5-years bonds
due proprietary companies on
advances and open accts - $1 ,058 1 60 32
Less interest due from proprietary companies, including interest charged
Oregon & California RR.
,245,038 34
26,303 34
,
987,854 64
Rental to Central Pacific Ry. Co
_
Rental to Oregon & California RR. Co Rental to Southern Pacific RR. Co
.
Charter of steamers
Faxes
General and miscellaneous exoenses_Sinking fund contribution
Premium on $71,000, face value, S. P.
Co. 6% steamship bonds purchased
and canceled
Deduction for annual depreciation of rolling stock owned by Southern Pacific Co
.
«9: .^9.021 76
Table "No. 11
lines:
RR
Receipts of Southern Pacific
No.
$230,050 16
589,018 57
Company
819.068 73
(.Ta-
8):
Gross receipts of steamship lines operated$5,351 ,834
122,400
Dividends on Wells, Fargo & Co. stock.
236,411
Dividends on other stocks
474,100
Interest on bonds owned
3,364
Net proceeds from lease of lands
Profits from operating wood-preserving
17,674
works
213,349
Rentals from terminal facilities
123,636
from other property
.
Rentals
Rentals from equipment
... 1,951,880
385,306
Interest on loans and on open accounts.
61 ,971
Miscellaneous receipts
2-5-years
Interest
Interest
58
00
43
84
63
02
60
98
81
40
38
8.941 ,930 67
70,305 68
10,000
5,000
10,000
18,914
136,591
1
00
00
00
78
52
51 ,279 89
75,000 00
3,550 00
540,995 90
8,181,562 02
Balance carried to appropriation of income
below
Total
shown
ble
1,193,496 66
4J4%
Co
as
Receipts of the following non-proprietary
Mexico & Arizona
Sonora Railway
$384,605 45
765,041 30
Sonora Railway
Stock Collateral)
Interest on S. P. Co.
Receipts of proprietary lines and miscellaneous income of proprietary companies
New
lines:
New Mexico & Arizona
Company and Pro-
12,431,973 24
$101,420,021 16
v
$101,430,021 16
Total.
APPROPRIATION OF INCOME.
Expenses
for surveys written off
.
Paid for note of San Antonio & Aransas Pass Railway Co.
given for moneys advanced to purchase $1 ,356,000* face
value. First Mortgage Bonds of the S. A. & A. P. Ry.
Co. (guaranteed as to principal and interest by S. P.
Co.) and canceled pursuant to the requirement of the
"Railroad Commission of Texas
Balance to
Total
profit
and
loss
(No. 3)
....
....
i$135,955 46
Balance from income account above
.
.
-
$] 1.431
973 24
1,271,845 50
11,024,172 28
$12,431 ,973 24
Total
.
$12,431,973 24
"
.
Dec. 1G
i
15)05
THE CHRONICLE.
i
PROFIT AND LOSS-JINK
30 11)0.-,
SOITHEKS PACIFIC COM PA N \ \ N PROPR II'.
(Combining Details shown Tables Woe, 9 and 13 <>f pamphlet repi
No. 3.
I
Difference between coal charged on books and proceeds
from
s.iU'
of
steamship and property
1185,268
Difference between cost and present value oi steamships
placed out ol sen Ice
average
charged on
books and amount of insurance recovered
and stocks sold during the year
Discount on bonds
Dividends on preferred sunk of southern Pacific Comp'j
Dividends on stocks of Proprietary Companies
Int charged on advances to S.A &A.P Rj Co .{written off
oi
61 ,231
2,783,692
2,769,431
6,484,463
370,990
160,000
109,850
old interesl claims
Adjustment in interesl accounts
Readjustment in distribution of express contract of 1803
Fund for refunding outstanding old bonds ol Southern
Pacific RR. Co
Accounts written on anil other charges
Balance June 30 1906, via.:
Southern Pacific Company (No. 9)
114,654,7*
Proprietary Companies (No. 12)
79,780,481 58
No. 5.
D
oi
'sited or
.
B2
7."i
I
Balance June 30 1904, viz.:
Southern Pacific Company
AR \ COMPAN1
| 9,997,104 83
81 ,272,694 2!
Proprietary Companies
Balance From appropriation ol Income above
Annual contribution to Sinking Funds
$616,000 00
Income from Sinking Fund Investments
219,01
90
(mi
Proceeds from Bale of lands pledged
06
00
no
166 09
94,435,258 56
:t.i si) ,.-,i»i
01
bonds
On Ootids sold
Dividends on stocks of Proprietarj Companies
Dividends on stocks of other Companies
old Interesl claims collected
Profits from sale of miscellaneous propectj
Accounts written off ami othi adjustments
Note of San Antonio & Aransas Pass Railway Compan
charged to Income, now credited and charged to
V. ft A. P. Ry. Co
22.716 29
I
25
36 os.' i',-l
.000 00
184, 128 oo
hi
•••
V|
75 17
Ills
fl.845 50
!S9 ,51 6 25
Total
Pacific
Company,
ai-o
30 1905.
under tndi
1
tvturee
Union Trust Co. of New York City (under slump prescribed by
acquired against the issue of Capital stock of the Southern Pacific Company.
Galveston Harrisburg ft San Antonio Hy. Co. Capital stock
Louisiana Western RR. Co.
Capital Stock
.
Morgan's Louisiana ft Texas RR, & S. s. Co. Capital stock
.Mexican International RR. Co. —Capital Stock
_
Southern Pacific RR. Co. Capital Stock
Texas ft- -New Orleans RR. Co. Capital Stock ._
.
...
.......
rs deposited with
New York
standing
30 1905.J
rty.
start Exchange),
$ 27,005,600 00i$ 27,084,372 00
.
.
.
•_.
3,310,000
4.994.000
4. 104. 00
123,619,033
4,997,500
1
.
—
securing
alue
Stork
and out-
<."'
Pro pi
.
00
160,000 00
i
Fan
—
90
.
Stocks or Bonds
or Cost of
—
—
i
redemptii
for
Profits
hypothecated with Trust Companies againsl Issue of Capital stock of Southern
Southern Pacific Company bonds.)
—
1,172 28
_
'.
VND PROPERTY OWNED, SOUTHERN PACIFIC COMPANY, JUNE
-STOCKS, BONDS
588 92
00
5.48 1,000 00
si
Total
)
'•
.
Payment
M
23 1 ,7f.y S2
27,377 72
8. S. "Kl Dorado"
Difference between cost of s.s. ••Louisiana"
.1
17:57
00
00
00
00
00
3,360,000
15,000,000
18,708,200
128,307,960
",000.000
00
00
00
00
00
$168,090,233 00 $197,460,532 00
//. -Stocks deposited with
Union Trust Co.
New
of
York City, Truster Southern Pacific
gold bonds (Centra! Pacific Stock Collateral).
Common Capital Stock
Central Pacific Ry. Co.
_
.
Central Pacific Rv. Co. -Four per cent cumulative Preferred Stock
(also 167,206,700 00, face value, of the capital stock of the Central Pacific
Company Four per
cent
—
—
deposited with Central Trust Co: of New York, Trustee
Years Four per rent qold bonds.
Carson ft Colorado Rv. Co. Capital Stock
.
...
Galveston Houston ft Northern Rv.— Co. Capital Stock
Cila Valley Globe ft Northern Ry. Co. -Capital Stock
Houston East ft West Texas Rv. Co. Capita] Stock
*.
Houston <fc Shreveport RR. Co. Capital Stock
Houston ft Texas Central RR. Co. Capital Stock
Maricopa & Phoenix ,v Sail River Valley RR. Co. Capital Stock
Miscellaneous Capital Stock
Morgan's Louisiana & Texas RR. ft S. S. Co. Capital Stock
New York Texas ft Mexican Rv. Co. Capital Stock
___
Oregon & California RR. Co. Common Stock
Oregon & California RR. Co. Preferred Stock
Pacific Mai Steamship Co.
Capita] Stock
.___.
Southern Pacific RR. Co.— Capital Stock
Southern Pacific Terminal Co. Capital Stock
..__.
...
Sunst RR. Co. Capital Stock
..
—
Total
Wells Fargo
ft
Co.
Two-Five-
—
—
—
1
—
—
—
1
.
.
—Capital
4.375 ,000 00
198 .000 00
,997 ,000 00
,905 ,000 oo
395 ,ooo oo
9 .990 ,000 00
(89 ,300,00
2,500 ,000 00
10,000 ,000 oo
008 ,000 00
6,945 ,000 00
,9S0 ,000 00
1
10,005 ,000 00
4,000 ,000 00
1 ,995 ,000 00
248 ,500 00
I
.
.
—
Co.'s Express
Pacific
>
—
—
—
Southern
880,275,500 00
Co.)
—
—
—
RR.
(67,275,500 00
13,000,000 00
S80.274.200 00
III — -Hocks and Bonds
,274,200 00
13 ,000,000 00
3 0,000 00
200,000 0O
2,000,000 00
.920.000 00
100.000 00
10,000.000 00
,000,000 00
2,500,000 00
'
1
!
630,040
7.000.000
12,000,000
20.000,000
00
00
00
00
2,000,000 00
500.000 0»
$67,636,800 00
1,530,000 00
Stock
$69,166,800 00
Total stocks
Carson & Colorado Ry. Co. first mortgage 4 per cent bonds
..
Galveston Harrisburg ft San Antonio Rv. Co. second mortgage, M. <t P. extension 6 per cent bonds
Galveston Hafrisburg <v- San Antonio Ry. Co. 6 per cent equipment bonds.
.
Galveston Houston ft Northern Ry. Co. first mortgage 5 per cent bonds
Gulf Western Texas & Pacific Ry. Co. first mortgage 5 per cent bonds
Houston &. Shreveport RR. Co. first mortgage 6 per cent bonds...
Houston ft Texas Central RR. Co., Lampasas Branch Extension, 5 percent bonds
Maricopa &. Phoenix ft Salt River Valley RR. Co. first mortgage 5 percent bonds
Maricooa A Phoenix RR. Co. first mortgage (i per cent bonds
New York Texas ft Mexican Ry. Co.. Matagorda Division, ti per cent bonds
Southern Pacific Co. 4 [,er cent bonds 'Central Pacific Stock Collateral)
Sunset RR. Co. first mortgage 4 per cent bonds ...
....
.....
Texas ft New Orleans RR. Co. 6 per cent equipment bonds
Texas <fc New Orleans RR. Co.. Dallas Division, first mortgage 4 per cent bonds
$2,000 ,000 00
1,110 ,000 00
1,230 ,000 00
800 ,000 00
2.224 ,000 00
150 ,000 00
425 ,000 00
78 ,000 00
539 ,000 00
548 ,000 00
1.000 ,000 00
142 ,000 00
,020 .000 00
1,190 000 00
.
.
1
Total bonds
$12,456,000 00
Total stocks and bonds
IV
I
$81,622,S00 00
kt and vroperiu pledged with Central Trust Co. of New York, Trustee Southern
Pacific
Years Four and one-hall per end qold bonds called for redemption .June
1905. a
Austin A North Western RR. Co. -Capital Stock
d Texas <£ Northwestern Rv. Co. -Capital Stock.
Cromwell Steamship Co. Capital Stock
Fort Worth ft New Orleans Ry. Co.
Capital stock
South Pacific Coast Rv. Co. -Capital Stock
Co.
Two
Fivi
1
00
100 oi)
195.000 00
995, 000 00!
295. 000 00
5,993,000 00
200,000 oo
,000,000 00
300,000 oo
no). 000 <in
$1 ,005.000
—
Total stockt
18,483,00000
Galveston Harrisburg
ft
San Vntonio Rj
RB Co
it
equipment bonds
equipment bond
1164,000 00
136,000 ii"
Co. 6 per re
.
8 per cenl
S3O0.000 on
Ocea
i
-•
ii
-
169 locomoi
locomoti
costing
•-.
Uba
•K!
112 passengei
Dia,
tram
'El Siglo" and
5.694 freight
r,,r-.
'El Valle." costing
r.n-i «.irs of all kinds
I
$2,226,501 oo
and 526 road service
Cl
9,66
Total property
|1
I
1
rged on
.
i,
____^_
,
L
the entire Issue o
96
,889,825 96
•
I
o00,000>. $1,7
00
,889,825 96
12.7.",',
Total
'if
124
propert]
rota] face value of stocks deposited or pledger) under mortgages
Total face ..due of bonds deposited and pledged under mortg
Total cost of property hypothet
ler mortgs
a
I
I,
malned out landing June 30 1905.
1
150,660 068 96
72
:
,',
I6O00
THE CHRONICLE.
1738
10.— ASSISTS
No.
ASSETS.
June 30
—
AND LIABILITIES— SOUTHERN PACIFIC COMPANY.
1905.
June 30
LIABILITIES.
June 30 1905. June 30 1904.
Capital Liabilities
Common capital stock
...$197,849,258 64 $197,849,258 64
Preferred car ital stock issued
39,563,300 00
Preferred capita] stock issuable
6,540 00
First mortgage six per cent steamship
bonds, dre January 1 1911
2,001,000 00
2,072,000 00
Four per cent gold bonds (Central Pacific
stock collateral), due August 1 1949..
29,818,50000
29,618,500 00
Two-five-vears f mr and one-half per cent
gold bonds, due December 1 1905 ...
1,788,000 00
30,000,000 00
Two-five-years four per cent gold bonds
1904.
—
Capital Assets
Stocks owned deposited against the Issue
of capital stock of the Southern Pacific
Co., stocks and bonds deposited and
property hypothecated under mortgages of Southern Pacific Co. 4% and
...$270.1 48, 675 72 $2(16,180,544 34
4J^% bonds (No. 5)
3,659,761 75
Steamships
3,659,761 75
444 00
894 00
Sinking Fund (No. 15)
$273,809,331 47 $269,840,750 09
due June
C^wrrvnt
[Vol. lxxxi.
1
1910
6,991,000 00
A 9 "jets
Bonds and stocks unpledged (No. 6)...
$4,826,209
1,491,489
5,294,486
607,256
4,043,129
1,515,291
6,898,289
1,243,513
Agents and conductors
Demand
loans
Bills receivable..
Cash
Individuals and companies
Material, fuel and other supplies
U. S. Government transportation
$4,548,255 16
1,528,939 58
79
66
09
540,279
6,425,188
576,708
8,925,474
1,222,415
99
11
32
70
21
41
38
61
—
S9.769 19
1,384,715 50
Loans and
Deferred Assets
2,136,535 85
743,482 79
5,715,221 94
$6,027,872 12
299,25184
Steamship Co
Individuals and companies.
Investments in other properties
Real estate and lands
„.„
Steamships and other floating equipment
Pacific Mail
331,258 41
10,928,91191
4,494,472 82
952,270 42
4,653,774 26
Rolling stock
Wood-preserving
property
and
plant
$10,840,412
1,149,868
587,450
8,314,479
4,296,768
1,177,964
2,501,140
—
80
Deferred Liabilities
Taxes estimated to June 30
Wells- Fargo & Co. 's express contract..
41
78
26
52
71
152,063 63
Proprietary Companies—
Direct Navigation Co
Gal. Harrisburg & San An. Ry.
146,395 05
$29,014,480 44
$55,686
6,268,107
530,632
1,063.784
176,033
118,407
229,769
5,583,690
2,314,763
$62,133 90
6,592,096 68-
Co
Galveston Houston & Northern Ry Co.
Gulf Western Texas & Pacific Rv. Co..
Houston East & West Texas Rv. Co. ..
61,642
32,284
630.313
342,017
6,794,811
2,877,350
'
Houston & Texas Central RR. Co
New York Texas & Mexican Ry Co
Oregon & California RR. Co
Texas & New Orleans RR. Co
49
21
86
01
79
49
$17,392,650 43
""
AS
Individuals and companies
*?(?£/?
*
~" *
31
22
36
70
$298,684 94
18,901 08
4,152,482 16
Total
$4,334,477 50
$4,470,068 18
Balance
$349,296,000 68 $343,433,435 14
Total
San Antonio & Aransas Pass Ry. Co...
Total assets
No. 13.— ASSETS— PROPRIETARY
Total
.
Sinking funds (No. 15)
Land grant accounts (No. 16)
Trust funds (No. 17)
$677,108,343
16,428,827
2,282,796
380,874
47 $662,812,136 58
49
15,913,739 81
77
4,285,667 43
10
416,293 97
.
Individuals and companies
Materiil, fuel and supplies
Traffic balances
U. S. Government transportation
Bonds owned (No. 6)
Cash and bonds denosited against bonds
satisfied of
mortgage
63
15
02
50
31
09
38
84
784,483 78
$30,188,782 70
Total
168,08315
$2,136,17193
1,586,820 86
2,167,48135
1,607,697 54
$268,304
112,974
330,858
994,949
3,532,485
138,739
409,563
817,755
and
$14,654,770 98
loss
72
69
7S6.083 78
—
Louisiana Western RR. Co..
Morgan's Louisiana & Texas
RR. & SS. Co
**
Rv. Co
Oregon & California Rv. Co.
Southern Pacific Terminal Co.
Texas & New Orleans RR. Co
"
"
43
82
90
94
01
74
Vermilion RR. Co
Louisiana Western RR. Oo
Morgan's La. & Tex. RR.&SS.Co
10,831 45
444,702 75
"
1,353,672 58
Due from Southern Pacific Co
Contingent A ssets —
Individuals and companies
Renewal and replacement funds
Unadjusted accounts
Profit
_
and
loss (No. 12)
Total Assets.
33
26
1,120,678 56
71
68
"39,166" 24
341 .353 37
$6,050,624 79
$31,653,192 02
$29,268,191 75
$6,512 09
142 19
127,498 93
$32,765 75
,656 95
385,407 41
43 05
161,975 38
231,457 45
111,111 87
$552,087 75
$219,84^ 02
$1S6,908 86
855,405 67
221 ,715 54
-'- ,20.3 22
10,821 25
29, 319 74
$419,830 11
$12,832,739 44
$11,813,461 26
1,481,09110
297,341 17
50,679 03
45,032 81
24,020
62'-,000 00
1
fd5,T93~84
62
7.02,761 79
00
81
26
44
35
89,637,542 43
to Southern Pacific
Company. _
$17,392,650
243,090
135,077
4.345
7.170
3,462,586
36
40
43
88
93
$6,044,160 91
13
SI 6,340,875 48
74
$122,807
185,417
4,285,667
575,630
—
Contingent Liabilities
Individuals and companies
Unadjusted accounts
Principal of def. pay's on land contracts
Renewal and replacement funds
Forref. out'gold bonds of S. P. RR. Co.
|
I
Profit
and
Total
867,167
201,610
2,282,796
438,312
2.024.0S1
92
77
48
45
58
33
43
50
$5,013,978 36
Total
aOf these bonds $27,942,500 have, since June 30, 1905, been paid off, and cash
Company of New York, Trustee, to provide for their retirement.
Trust
«4 ,573 ,698 85
1,268,952
1,639,194
176,769
2,265
200,690
4,083,850
Total
1
$812,841,000 51 $740,631,657 66
1,787,845 14
7,099 00
146",002 71
Southern Pacific Terminal Co..
Texas & New Orleans RR. Co..
Due
Total
Total
&
N.Y.Texas & Mex. Rv. Co
Southern Pacific RR. Co
1,121,964
2,265
84,638
375,153
76
00
00
00
—
Prnpr ietary Com pa n ies
to Direct Navigation Co
Gal.. Har. & San An. Rv. Co...
Gal, Houston & Nor. Rv. Co_ .
Gulf West. Texas & Pac. Ry.Co.
Houston East & W. Tex.Rv. Co.
Houston & Shrevenort RR. Co.
Houston & Te-as Central RR.Co
IbPiia
2,124,317 83
00
76
00
212,631 55
149, 751 07
Sinking funds uninvested (No. 15).
$134,153 21
New York Texas & Mexican
74
65
56
$183,917 95
18!, 010 69
.
$9,639,795 35
"
00
$188,520
324,776
177,276
461,505
677,675
320,000
8725,211 26
Unadjusted accounts
Taxes assessed but not due
Due
791,708 94
22
03
9X
00
93
835,145,313 92
.
Deferred L ia 5 il lives
Individuals r.n companies
$7,391,715 84
$4,345
135,779
2,176,727
87,909
306,137
29,319
1904.
00 $279,408,572 00
24,<?00,000 00
00
85 278,398,960 92
2,«51,265 56
00
24
29,406,357 80
—
$2,259,996 12
RR.Co
$9,997,194 63
$652,310,077 09 $614,865,156 28
Total
—
**
369,83112
$349,296,000 68 5343,433,435 14
liabilities
Total
•
$6,948,097 42
$164,534
231.566
360,404
428,520
678,048
123,000
hills pavable
Loans and
1,681,552
Vouchers and payrolls
19,127
Unpaid dividends
625,000
Bonds satisfied of mort. not presented.
Bds.calledforred.Aug.'05ordueOct.'05 a30,827,500
$850,655 51
604,312 11
805.028 50
92
56
89
45
S6
92
1,110,144 62
1,018,418 08
.1,625,134 84
—
31
$764,675 22
520,677 25
816,143 49
$2,252
151,348
2,763,801
586,707
1,564,773
70,861
$1,656,88174
1,167,687 03
Current Liabilities
Individuals and companies
Traffic balances
Coupons matured but not presented
Coupons due Julv 1st
interest accrued to June 30, but not due
99
34
58
56
87
$2,101,495 96
Provrvtani Companies
Due from Central Pacific Ry. Co
Direct Navigation Co
Gal. Har. & San An. Rv. Co.
Oil. Houston & Nor. Rv. Co.
[•
"i
Gulf West. Tex. & Pac Rv. Co
Houston E. & W. Tex.Rv. Co
Houston & Texas Central
$29,268,19175
==========
1,393,22394
1,967,122 56
268,079 52
!
Total
156,21298
—
Total
Deferred Assets —
Individuals and companies.
Land ami other property
Stocks owned (No. 6)
1,748,99153
9,510,398 90
158,203 89
12,543,586 25
$279,408,572
25,000,000
.
Fund.&otherfixedint.-bear.debt(No.4) 321,520,418
2,8."0,000
Equipment trust obligations (No. 4)...
Three p. c. notes to U. S.of Am. (No. 4). 23,525.086
$696,290,841 83 $683,427,837 79
$340,168
54,687
53,359.661
692,433
3,668,609
87,415
429,253
772,070
7,67164
11,11888
1,615,17173
8,513,799 03
263,779 94
16,142,194 88
$334,641,229 70 S333.436.240 51
to credit of profit
Capital
Capital Stock.
Preferred Stock.
Current Assets —
Bills receivable
$5,143,126 50
No.
June 30 1905. June 30 1904.
$672,256,482 19 $657,840,003 73
4,941,861 28
4,972,132 85
Agents and conductors
$561,678 35
==========
14.— LIABILITIES— PROPRIETARY COMPANIES.
LIABILITIES.
June 30 1905. J we 30
Liabilities
COMPANIES.
Cost of road and franchises
Expenditures for new lines
Total
$4,886,889 08
52,155 33
$31,653,192 02
liabilities
ASSETS.
Capital Assets—
$530,000 00
j-u
811,126,597 70
— — —
$246,623 63
31,436 54
4,056,417 33
Rolling stock replacement fund
$225,678 35
336,000 00
—
$16,340,875 48
--
13
54
$226,000 00
304,000 00
Continqent Liabilities
Marine insurance fund
Floating equipment replacement fund..
Replacement and renewal funds.
Steamship insurance fund
Rolling stock depreciation fund
Unadjusted claims and accounts
Unadj .accounts, Proprietary Companies
45
87
35
26
96
26
26
$37,118,514 35
Galveston Houston & Northern Ry Co.
Houston & Shreveport RR. Co
Louisiana Western RR. Co
Morgan's La. & Tex. RR. & SS. Co
Nevada & California Ry. Co
Southern Pacific RR. Co
Southern Pacific Terminal Co
other
2,597,953
26,130,195
1,034,244
5.525.782
$13,313,84134
—
—
Proprietary Companies
Central Pacific Ry. Co
91
$27,839,875 41
Cash
rolls.
—
Construction advances
/^/wifTn/Tpnt
Vouchers and pay
$23,767,260 95
423,71247
1,396,57750
payable
bills
Traffic balances.
$25,919,665 87
$10,049 19
163,01497
3,161,10110
•
03
78
=====
$278,017,598 64 $259,539,758 64
—
Current Liabilities
Unpaid dividends
Dividends payable July 17 1905
Interest coupons due but not presented.
Interest coupons due July 1
Interest accrued to June 30, but not due
loss
(No. 12)
Liabilities
for the
$5,169,522 84
$92,613,227 02
$93,0S6,155 55
$812,841.000 51 .8740,631,657 66
remaining $2,S85,000 was deposited with The Equitable
.
Dec. 10
f
£}xt
.
.
.
.
—
TllK CilKONIOLK.
190.-).]
COTTON.
Commercial Times.
Friday
fair
amount
Friday Nigfa, Dec. 15 1805,
of business activity has born experienced
the past week; in fad in some lines tin- approaching holiday
season has thus far had little or no influence as a temporary
quieting faetor.
Renewed activity has developed in the
pig iron markets and business is reported pending on important quantities for delivery during the Brat quarter of
1906.
Practically all metals have been in good demand at
advancing prices.
Business in holiday specialties has been
on an extensive scale, and the reports from retail trade are
of exceptional activity in holiday goods.
The outlook for
the winter-wheat crop, as reported by the Government's
Agricultural Bureau, is favorable for a large yield.
Lard on the spot advanced early in the week, but at the
close
there was an
tendency to
easier
reaction exporters were
and
prices
more active buyers.
the
at
Closing prices
were 7.90c. for prime Western and 7.50c. for prime City.
Refined lard has been quiet.
The close was at 8.00c. for
refined for the Continent.
Speculation in lard for future
delivery has been moderately active, but at the close, under
selling by packers, there was an easier turn to prices.
The
close was quiet
DAILY CLOSING PRICES OF LARD FUTURES
Sat.
Dec. delivery
7.70
Jan. delivery ... 7.874
Mon.
7.424
Tues.
7.70
7.35
7.35
IN
CHICAGO.
Wed.
Tlnirs.
52
7.22}|
7.52.4
H
7
Fn
7.5.".
7.274
7.30
7.30
7.224
7.30
Business in pork in the local market has been quiet, but
prices have held steady at .$ 1 5 00 (fr 1 5 26 for mess, $15@
17 for clear and S16 for family.
Cut meats have been quiet
but steady at 9}4@9He- for pickled hams and S'i ("<»<•.
for pickled bellies, 14@10 lbs. average.
Beef has been
dull, closing at 88
8 50 for mess, S9 00(5,9 50 for flank,
$10 50 for packet. $12 50 for family and $17 50 for extra
India mess in tierces.
Tallow has sold slowly, closing with
sellers at 4j^e.
Stearines have been quiet but steady,
closing at 8©8J.£c. for lard stearine and 7^jc. for oleo
stearine.
Cotton-seed oil has been easier, closing at 29c.
for prime yellow.
Butter has held steady at unchanged
rices, closing at 16^@24 ^c. for creamery.
Cheese has
E
een quiet but steady at ll(cU3%e. for State factory, full
Fresh eggs have been more freely offered and
cream.
May
delivery
7A2yi
@
1
prices have weakened to 27@2£c. for best Western.
Brazil grades of coffee have had only a lig'.it demand, an
unsettled situation in the speculative markel holding buyers
in check; prices have been easier, closing at 7%e. for Rio
No. 7 and X 7-l(Jc. for Santos No. 1. West India growths
have been in limited supply and firmly held, closing at
9J^c. for good Cucuta and He for good average Bogota.
Speculation in the market for contracts has been moderately active but at lower prices, due to selling for the account of discouraged speculative holders to liquidate their
accounts.
European interests have been the principal
buyers. The close *as steadier.
The closing asked prices
were as follows
December
January
February
... 6.30c. March
... 6
April
... 6.35c.
September 1005 4,601,721 bales, against 5,290,704
same period of 1904, showing a decre.'ise since
of
1st
Sept.
1905 of 688,983 bal
1
ReceipU
Mon
Sal.
<it
Raw sugars have been firmly held, but the close was
quiet at 3>^c. for centrifugal, 96-deg. test, and 3j/gc for
muscovado, 89-deg. test.
Kcfired sugar has been quiet
and unchanged at 4.50c. for granulated. Other staple
groceries have been well held, but business has been quiet.
Kentucky tobacco has been firmly held but no sales of
importance have been reported the past week.
Despite
the near approach of the holiday season, business in seedleaf has continued fairly brisk and at a firm basis of values.
Sumatra tobacco has been in steady demand. G
buyers have been pur.
in the local market of supplies
suitable for their needs.
Havana tobacco has been firm.
The new crop has been reported damaged by recent h<
rains in Cuba.
Shipments of Straits tin from primary markets are light
and prices have been firm and advancing, closing at 36<§
Ingot copper has been reported u
36.40 c.
for future delh ery; prici s have advan< d, closing at is £< (S
bead has advanced, closing
19c. for Lake and electrolytic,
finnat6.i2H@6.25. Spelter has advani
6 55@6.6t
closing firm.
Pig iron has been in more active demand and
prices are firm at S17.75@18.75 for No, 2 No
and
$18.25 for No. 2 Southern.
Refmed petroleum has continued in g lod demand and
26,290
firm, closing at 7.60c. in barrel-, 10.30c. in cases
in bulk.
Naphtha has been unchanged
at
i_v.
and
1
for 71
1
1
,Thura.
fl,300
1,037
1
,935
,522
7,116
1
2,278
,882
,466
1
'
6,950
1
1
1
5,551
6,575
730
268
1117
,899
916
5,881
1,014
,627
,299
,895
1,200
7,629
3,600
4.0S7
4,318
627
26.554
660
912
134
595
4,623
100
5,037
4,628
50
34,365
31,674
•'
1
1,010
1
25
702
1,017
Waahingt'n.&c
de-
Credit balances have been
grees and 12c. for 70 degrees.
steady, closing at 1. 58c.
Spirits turpentine has been more
active and priced have advanced to 67Jjjc, closing firm.
Rosins have had a good sale at higher prices, closing firm at
$3.45 for common and good strained.
Sops have been
irregular, holding firm for choice grades but flat for the
low grades. Wool has been in fair demand and firm.
2,(134
39.755
11,627
8,659
Brunswick
Charleston
George) 'wn ,>v
\\ llmingtoo
85,274
9,619
58,760
8.674
9
8,506
858
27
5.382
8,678
492
,267
1,646
567
518
Total.
8,689
,785
1
1
!
J _
2,593
6,566
749
Norfolk
N'port N., Ac
1.107
027
Vork
\.
on
Baltimore
Philadelphia
50
Tot. this wk.
47,548
86,664
57,316
The following shows the week's
1
1905, and the stocks
57.209 264,806
1904.
1905.
334
total receipts, the total
to-night, compared with
since Sept.
last year:
Stock.
Receipts to
Dec. 15.
This
week
Galveston
ft. Arthur, &c_
New OrleansMobile
Pensacola, &c.
Savannah
Brunswick
.
.
Charleston
Oeorpet'n, &c.
Wilmington
Washingt'n, Ac
Norfolk
&c
N'port N.,
New York
Shire Si p
1 1905.
85,274 1,564,765
9,619
77,075
58,760
751 ,896
156,354
8,674
2,634
69,182
39,755 1,003,362
1 1 ,627
90,007
136,640
3,659
424
253 ,502
7,629
26,554
627
428,945
9.395
1
Boston
Baltimore
Philadelphia
..
1905.
29S
245,047
208,519
309.625
51,313
422,441
69,018
159,812
22,760
45,140
143.188
11,118
30,566
29,328
9,665
72,901
27,935
222,539
3,478
6,482
4,170
96,555
2,257
50
4,181
3,097
6,556
1.4S9
411
,303
1904.
1904.
1
94,931 1,604,232
1,011
85,441
96,627 1,259,823
185,478
14,757
11,714
97,677
55,752 1 ,089,366
113,735
10,203
155,996
3,555
550
49
249,469
5,695
122
392,477
14,302
27,450
29,367
2,054
5,037
4,623
334
Since Sep
This
week.
8,397
26,689
13,623
3,448
1,591
5,867
264,806 4,601,721 320,447 5,290,704 1,172,595 1,028,770
Total
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons:
we
ReceipU
1905.
at
1904.
Galv'n, &c_
\
Orleans.
Mobile __
94,893
58,760
Savannah
on, &c
Wilm'n, Ac
39,755
.
.
8,674
.
.
1903.
95.942
96,627
14,757
55, 752
.329
15,468
24,801
627
24,255
33,470
592
11,269
wk
264,806
320,447
298,872
.
.
Tot. this
Since Sep.
1
4, 601,7 J
1
17,611
260,830
20,509
962
10,199
-
'
51.276
13,375
10,080
19,993
86,308
73,606
6,356
33.685
7,000
3,999
14.633
2,642
39,302
292,433
267,531
1
(3,218
All others..
89,102
82,883
69,308
75,040
8,673
44,345
103,674
83,758
8,690
53.12S
4,734
3,604
5,695
14.302
298
7,629
26,554
1900.
1901.
1902.
7.71
1
397
290,704 4,048,241 4.391, S39 4,300.923 4,254,287
The exports for the week ending this evening reach a total
of 277,319 bales, of which 176,295 were to Great Britain,
36,780 to France and 64,244 to the rest, of the Continent.
Below are the exports for the week and since Sept. 1 1905:
Work ending Deo.
15
l'J05.'From Sept.
Kxportcd to
m
1
4G.40-I
ilve iton
1905 to Dec. 15 1905.
Great-icnt.
Btltali
1
1
Exported
Fix porta
In,
6,778
18.673
Total.
71,860
mr.d-e.
Britain.
France
8,931
1,400
ola
(Savannah
Brunswick.
10,050
5.500
'r.ri
12.553
44.183
I
10
Wilmington
124,104
53,535
30,813
5.6O0
111.695
412.740
18.206
New York
5...0IS
1.115
1.115
297;
.
Ball Imore
Philadelphia
Portland, Me
I
72,048
664,621
6.113
Norfolk
San
Total.
110,31"
10.882
••aits
Mobil
Continent.
679,032222,281
22,488
1
210.457
01'. 7
4.142
26.607
2.7117
nil
hi
-'.us-t
1,434
Total
12
10.903
5.271
2.983
576
10
Total, loot
9:1.042
27.591
ln.wr.i
Portland, ore
I
Fri.
<>,<;!
New Orleans
Mobile
Pensacola, 4c
Sa\ annab
1
i
Wed.
&c
ft. Arthur,
.
7.05c
Turs.
14,437
eston
!al\
1
Vp'l
55
tember
6.650. October
as indicated
bales for the
Norfolk
6.45c. July
1905.
15
by our
telegrams from the South to-night is given below.
For tho
week ending this evening the total receipts have reached
264,806 bales, against 300,712 bales last week and 322,610
bales the previous week, making the total receipts since the
7.324
7.75
Dec.
Night,
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
A
7:w
I
676
1.1S7.914
.512
-!'..io0
In addition to above exports. OUT telegrams to-night alHO
give us the following amount- of COttOD on shipboard, not
We add wimilar figure* for
cleared, at the porta named.
New
York.
THE CHRONICLE
1740
On Shipboard, Not
Dec.
FUTURES. — High,
—
Great
Ger-
3,996
Orleans
Galveston
.
Other
many. Fore
9,694
18,156
53,481
1 ,200
Savannah
n/ii
345 26,749
4,514 125,003
10,216
15,419
2,408
33,133
25,600
Total.
3,200' 30,000
5,000
5,000
Mobil.'
1
,500
1
,600
2,974'
8,540
Norfolk
1
36,496
New York
Other ports.
7,(100
1
3,500
,000
3,000
12,000
1
1,614
36,496
3,100
!
3 ,000
1,600
28,000
stock
282,876
120,044
129,812
40,140
36,699
36,405
207,939
38,218
I
00
c
®
I
£
(g
|
—o
Ol —
Total 1905
Total 1904
Total 1903
79,177
81,793
95,002
33,750
60,489
30,521
86,271
60,298
94,365
28,735
38,511
45,237
52,529 2S0.462
22,671 263,762
31,334 296,459
«—
892,133
765,008
625,486
cotton Tor future delivery has continued
interest in the market, however, has
been repi rted diminishing, the trading being done principally
During the first half of the week the
by regular operators.
tendency of prices was downward, the report of the Census
Bureau issued last Friday being the factor, as it induced
selling for the account of recent speculative buyers, they
being disposed to liquidate their holdings.
Hear interests
also were understood to be more aggressive.
On Wednesday,
however, the market again turned firmer. Advices from the
English market showed unexpected firmness and rumors
became current that the next report of the Census Bureau,
to be issued on Dec. 20, would be more favorable to bull
Buying for the account of bear interests to cover
interests.
short sales became quite free, and prices made a fair advance.
Reports from the South of firm holding of cotton by the
planters also operated in favor of the market.
On Thursday,
under renewed liquidation, values yielded slightly. Friday
there was a moderate advance in prices during the morning
in response to firmer foreign advices.
Towards the close
reports became current of cheaper offerings of cotton by
Southern holders, and this had a weakening influence, part
of the improvement being lost.
The close was barely steady
at a net gain for the day of 10@12 points.
Cotton on the
spot has been quiet and unsettled, closing at 12.20c. for middling upland.
The rates on and off middling, as established Nov. 18 1903
and reaffirmed Nov. 15 1905 by the Revision Committee,
at which grades other than middling may be delivered on
contract, are as follows:
Speculation
5
=
in
Fair
1.30 on Strict low mid__C- 0.14 off Middling tinged.c. 0.12 off
1.13 on Fully low mid
0.2G off Strict low mid .ting 0.34 off
c.
Middling fair
0.96 on
Barely mid. fair.. 0.79 on
Strict good mid
0.G2 on
fully trood mid
0.53 on
Good middling
0.44 on
Barely good mid. 0.33 on
Strict middling
0.22 on
Middling
Basis
Low
0.38 off Low mid. tinged..
0.55 off Strict g'd or. ting.
0.72 off Fully mid. stained
0.86 off Middling stained-.
1 .00 off Barely mid.stain'd
Strict g'd m. ting. 0.30 on Strict low m. stain
Good mid. tingedEven Fully 1. m. stained
Strict mid. tinged. 0.06 off Low mid,, stained
middling
Barely low mid
Strict good ord
Fully good ord
Good ordinary
0.50 off
0.84 off
0.42 off
0.50 off
0.78 off
1
1
1
.06 off
.28 off
.50 off
On this basis the official prices for a few of the grades for
the past week would be as follows:
UPLANDS.
Sat.
.
11.10
72
12 10
12.54
13.06
10.80
11.42
11.80
12.24
12.76
11.00
11.62
12.00
12.44
12.96
11.00
11.62
12.00
12.44
12.96
Mon.
Tues.
Wed.
Thurs.
11.35
11.97
12.35
12.79
11.25
11.87
12.25
12.69
13.31
11.05
11.67
12.05
12.49
13.01
13.21
11.25
11.87
12.25
12.69
13.21
Sat.
Middling Fair.
Thurs.
11.35
11.97
12.35
12.79
13.31
Middling
Good Middling
Wed.
Sat.
Low Middling
Tues.
11.10
11.72
12.10
12.54
13.06
Good Ordinary
/Hon.
Mon.
Tues.
Wed.
Thurs.
10.60
11.60
11.76
12.10
10.60
11.60
11.76
12.10
10.30
11.30
11.46
11.80
10.50
11.50
11.66
12.00
10.50
11.50
11.66
12.00
GULF.
Good Ordinary
Middling"
_
Middling
Good Middling
Middling Fair..
.
.
STAINED.
Low Middling
Middling
Low
Mid. Tinged.
Good Middling Tinged. _
The quotations
1
1
|
'
Fri.
11.20
11 82
12 20
12.64
13.16
Fri.
11.45
12.07
12.45
12.89
13.41
Fri.
10 70
11
70
11.86
12.20
middling upland at New York on Dec.
15 for each of the past 32 years have been as follows:
1905c. 12.20
for
1897.C oVs
1904... 8.00
1903... 12.45
1902. __ 8.65
1901
8.50
1900. ..10^
1899... 7 11-16
189S... 5 33-16
1896..
1895. __
1894. __
1893. __
1892..
1891-..
1890. __
1889c. 10 5-16
7 3-16
S 9-16
11881. c_llj$
1888. __ 9Vs
1880... 11
1887... 10 9-16
11879. .12^
1886. __ 9J3
1878. . _ S%
1885..- 9 3-16
1877
1 1 7-16
1884. _10 13-16 |1S76...1^
1883--_ 10 7-16
1875
13 5-16
1882._ _10%
|1874__.14V6
%
1
5M
1
8
1
9 13-16
8
1
9%
MARKET AND
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Futures
Spot Market
s
CO
be
**
bo bo
Closed.
ConExport sum' n.
Saturday
.
Monday
Quiet 50 pts. dec. Firm
Quiet- _
Easy
Tuesday _ Quiet. 30
Wednesday Quiet 20
Thursday Quiet
_
Total-..
Steady
Firm
Barely steady
adv. Barely steady
pts. dec.
pts. adv.
.
Friday
and Contract.
ss
I©
|®
ss
Oi —
Oi
o
I®
3|
/
|
c
10 T.
sc.
OJ-
-i
to
©
—©
I©
%
'S
sx S
OS O
sX
— oc
OiCO
©
— o OS
ICO ooo
I® I©
—
tOtO
IO IO
cs
©
I®
I
I
I
S
Oi
O
c
®
'"S
I
©
ooo
I
®
g
IC IO
oc
o:
OO
— Oi
|®
10 to
o
o
X
-I
CSito
C
1
I
— to
©
I
©
1=
I
©
C.
o
IE
-J
—
00 —
so
X
o
•
CO Oi
10,0
——
-en—
— i;
toS
cctc
=
coo
8M — X
oox
100
© I® I© I®
oc.
CC
-JO
-
——
1
10 10
05
o
!
—
to
CO
CnlO
g
—— ——
c c. end
occc
—
s
as
00 -1
IO
ICC
Ol
—
£tf
c. oc
8
g
8
ooo
as©
I
MS S —
— O OlO
—
——
oo
OS
-3-
ooo
——
Oi
SI
IE
I
r. z.
kt^
OlOi
XOi
® I® I© I©
—
oc £1 CIS
XX
to
£5
;
•~
o-i
5.'
;-
1.60 1.63
© I®
o
CO
to
s
Z
I©. IS
IE
Oi
o
to
to
IE
IE
©
3
—
is
—
—
g
—
IE
c
3
to
o
o
co
g
— C>
— _'
Oi O.
•„
oic
§
— 10
to
©
&•
cocc
—
CV
IE
o
c
co
Cn c.
s so
— to
— to
IE
Kl
*-b;
g
c. c.
4-
toto
2.17 2.27
|C
o
o
CO
l
~.
01 Ol
oi
co
®
I®
I®
15
Ol
o
»t
——
-
X
OOi
-. ~.
to
ox o
to
II
c. ot
—
JUT
s
toto
1.00
o
ss a. s
xb
oo oo o
oo coo o — CO
030
© I®
CO
oitn
COO
occ
I®
to to
——
'*:
oo o
o
CSC
O-J0
oioo
1
I
IO
IS
I
ox ss
4-— C. —
O
10
b
s
I
s
I
:
I
I
os
co
THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks, as
as follows.
well as the afloat, are this week's returns, and consequent!}'
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday) we add the item of exports from the United States
including in it the exports of Friday only.
1902.
1904.
1903.
December 15—
1905.
hp by cable and telegraph,
is
,
Stock at Liverpool
Stock at London
Stock at Manchester
866,000
13,000
327 ,000
684,000
19,000
314,000
4.000
151,000
3,000
31,000
25.000
5,000
561,000
_ .
at Hamburg
at Bremen
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
637,000
15,000
32,000
2,000
7,000
29,000
2,000
Total Great Britain stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
804,000
15,000
47,000
bales.
552,000
181 ,000
at Trieste
Total Continental stocks
.
Total European stocks
India cotton afloat for Europe.
Amer. cotton afloat for Europe
1
,427,000 1,230,000
29,000
81,000
865,000
787,000
66,000
68,000
Egypt, Brazil, &c.,aflt. for E'pe
174,000
169,000
Stock in Alexandria, Egypt
511,000
276,000
Stock in Bombay, India
1 ,172,595 1,028,770
Stock in U. S. ports
791,971
738,424
Stock in U. S. interior towns
U.S. exports to-day
39,665
.
35,451
443,000
8,000
46,000
472,000
7,000
497,000
12,000
5.000
156,000
2,000
41,000
37,000
2,000
479,000
6.000
157.000
5,000
87,000
3,000
42,000
44,000
2,000
491,000
346,000
236,000
825,000
988,000
54,000
53,000
685.000
783,000
74,000
81.000
182,000
191,000
189,000
146,000
927,945 1,078,169
542,141
571,482
28.485
107,185
4.993,684 4,502,192 3,806,271 3.694.186
Total visible supply
Of the above, totals of American and other descriptions are as follows:
American
—
Liverpool stock
Manchester stock
Continental stock
bales.
American afloat for Europe
U.S. stock
U. S. interior stock
U. S. exports to-day
Total American
East Indian. Brazil, d-c.
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
—
Egypt, Brazil, &c. afloat.
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India, &c
Total American
701,000
39,000
525,000
787,000
1,172,595
738,424
39,665
592,000
26,000
488,000
865,000
,028,770
791,971
35.451
392,000
371,000
39,000
321,666
453,000
685.000
783,000
921,945 1.078,169
571,482
542,141
28,485
107,185
4 .002 ,684 3,827,192 3,217,271 3.076,136
103 ,000
15,000
8,000
36,000
81,000
c.s, noo
169,000
511,000
45,000
15,000
6.000
64,000
29,000
66,000
174,000
276,000
72,000
8,000
7,000
38,000
53,000
74,000
191,000
146,000
80,000
7,000
25,666
54.000
SI. 000
182.000
189.000
589,000
618,000
675.000
991,000
4.002,684 3.827,192 3.217,271 3,076,136
Market
Closed.
Sales of Spot
I0 1O
C
X — o.
SO X
The outside
Strict mid. lair
500C
/ /
X
o
©
QIC
s
ICIC
%
active.
CIO
—b
<§
30
Strict
York:
Leavim/
Coastwise.
Cliaili-stor
Low
New
low and closing prices at
1
Britain. France
\.
Cleared lor
[Vol. lxxxi.
Quiet 20 pts.
1,407
Contract.
Total.
1,500
2.907
r.ioo
100
1,100
350
2,113
2,700
4,813
356
356
450
4,993,684 4,502,192 3,806.271 3,694,136
Total visible supply
4.19d.
4.52d.
7.60d.
6.29d.
Middling Upland, Liverpool...
S.70c.
7.95c.
13.05c
12.20c.
Middling Upland, New York ..
8%d.
7Hd.
8 l-16d.
Ecvpt, Good Brown, Liverpool 8 9-1 6d.
7.20d.
10.50(1.
9.50d.
9.00d.
Peru v. Rough Good, Liverpool
6?-gd.
5Hd. 4 5-16(1.
Broach, fine Liverpool
4M<14J^d.
6Md. 4 25-32(1.
Tinnevelly Good, Liverpool ... 5 9-16d.
Continental imports past week have been 124,000 bales.
The above figures for 1905 show an increase. over last
week of 126,988 bales, a gain of 491,492 bales over 1904
and an excess of 1,187,413 bales over 1903.
.
.
.
AT THE INTERIOB TOWNS
movement-
the
the receipts for the week and since Sept.
thai
l.
corresponding period for the previous year
below.
for the
—
1741
M VKKFTs.- -Below are the closing quotations of middling
cotton at Southern and other principal cotton markets I'm
each day of the week.
set
is
in detail
>
ndiiHj
Sut' day.
Monday. Tuesday.
(lalveston
12
ll?i
New Orleans
12 1-16
U-Vfi
II 11-111
Dee. 15.
Mobile
S.i
1
annali
Charleston
\\ Urnlngton
Norfolk
Boston
Baltimore
Philadelphia
Uigusta
Memphis
SI
*
— -i
c
to
—
'
-
.-.
—
:
i
Atlanta
.
i->
>
1
—
r.
•
CI
X
'
—
C iC
i
1
to
1
11
11
T
-
9-16
11-16
1
1
H
S
1
1
1
1
.
?
12
12
12
1
1
1
ll«
-
1
7-16
I
H
I
Nashville
.
1
1
H
9-10
13-16
H
•,
I
H
9-16
1
M
()0
.88
12.45
13-16
11",
i
1
1
M'\
WVs
at other
important
Natchez
I
Montgomeryi_.il H
I
12.25
11
11
11
.
~'
Louisville
!
I
1
\m
7
n*A
LlJj
1.75
11
s
1
il
1
12
1
7
'
1
lie
12.00
,80
.75
12.25
LIJi
11 13-16
K
1
Raleigh
Shreveport
.1111-16
113-16
_11%
1
**.
I
1
C;i
-
December
:
Monday, Tuesday Wed'day, Thursd y
Soi'day,
Dec. 9.
c
CC
IC
.-.
-
—
,88
12.10
75
12.05
11 7-10
U
9-1
<
I
cc
1
ir.
11',.
12.35
11
r.
-J
1
1
11
ii-,
9-16
B-16
1
est
!
— WfO — M *. — COIC
—
x -: j 3 —lec ciu-iccio-s^c- c c5 tc ic X
m-jnoivXcx cQCji30O.t> — cc;O-JO30;Dtc:ei:O.^ — cc ic x » *. -j
icicc^xc;c;y-cici*icocis^NS'-20ciic
r.uuC-Z3 r.
.feittcciac
— tc x — c — — cc
— — cc — tc — ic
:c
— C — ci — — tiOAS- tc3;©r5*-35cJtc-;o socj^xx^icicchc.c:
- — — "x ico— "— O) CO c CS
Q C Ot -J CO Cn <S X "x "o "o O O C c cc etc 3 x j ic c cc tc O tc o — y
o
x cc cc z.
z
z c r — ic
c
o ii c< as -i
l-cicr.-j-^sfco-xJ'XOM-cos-i'.'iC-r-iooioA—
cc
IC
12.12
I
M
11 V4
M \
9 16
11
W%
M,
te
Friday
11.
and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
1
i
y.
— Z.
Ci
11
1
Thursd
NEW OBLEANS OPTION MARKET.— The highest, low-
—
ic.
U-16
LltH
12.10
12. tin
Columbus.missUH
i
•6.
—
1
11
uh
Columbus, Oa.iiH
—
—
IC
— — Cc — -i -ice ~ ic c- cc :c ic r: ic cid-i cc — ic o ccooco —
,'x^.'/-!:c;wC«*::'OiXXi;~^:xCwCDicc;'CC*iicc:c
~.;-vxnX!C~-02
cc
— c-C' cc ~ ic ;c c> ic d ii ~-i occ — c — Ci x "x u-1; I. -u— Vic,, "colo
C — cc o r: cc — jc — ic c i: z. z x — cc — ico - X o Ci CJ *. tc
C
j cc jc _ c o — cc ci ~ x ic
n.ccc-;sax--c -i cc-i c.-i c
•
1
H
11
The closing quotations to-day (Friday)
Southern markets were as follows:
— 9) IC >C — IC re CC
--ICO IC 'C CC ^ —
^ - :; ,i i> *. joi'^a'sMinoo- o'-u —
^ c ii x>z.
2 k C :: - : j r: iv m r. w- ic ic * r. r ; o /. c ;; c c ; : eni&Q x i; - *icc.----^cc5^-c:cc-;-;i-;i
sz.
c j~
:-
n
s
1
r>
12
Louis
.
11
s
7
1
<.i'<llltl.
11
1
ii
Houston
Little Rock
>-
Middling Cotton on
ciosini/ Quotations for
Ml
II
1.
..
QUOTATIONS FOB MIDDLING COTTON AT OTHER
is
the shipments
week and the stocks to-night, and the same items
for the
.
.
TIIK CHRONICLE.
1>ec. 16 L905
out
;
;
CO
o
.
i
c-i
11. 71-. 91
1
1
Closing
? a
11.90-.91
1
1.51-.53
Dec. 13.
Dec. 14.
Frida
Dei
>:
i"'
.52-. 78 11.41-. 61 11.58-.88 tl.68-.81 ll.83-.92
W-.49 11.84-.85 11. 70-. 79 11. 82-. 84
1
I
1
1.
.
January—
Range
11.74-.9S 11. 57-. 88
i
i
I
12.
—
Range
I
Dec
Dec. 11.
11. 97-. 98
—
losing
Marrh
1
1
.57-. 58
I
1.
43-. 00 11. 05-. 95 11.75-.90 11. 93-. 04
53 -.54 11. 91 -.92 11. S0-. 87 11. 92-. 95
IC CC
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12. 20-. 27 11. 85-. 86
1.79-.80 12. 15-. 16 12. 11-. 12 12. 16-. 17
Closing
C — '-CC^CvA. — o
—
:
.85-. 09 12.13-.37 12.19-.34 12.33- .40
ll.96-.97 12. 32-. 33 12. 28-. 29 12.33-.34
1
1
July—
Range
..
Closing
.
12.30-.5612.il- .45 12. 04-. 20 12. 24-. 43 12.30-.41 12.45-.5S
12.12-13 12. 07-. 08 12. 43-. 45 12.38-.39 12. 43-. 44
12. 54-. 55
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.
WEATHER REPORTS BY TELEGRAPH.— Our
tele-
graphic reports from the South this evening denote that the
',
:
-
c.-'
I
-
rf».
J*-
.
:
i.-
»
I
•
The above totals -how that the interior stocks have
increased during the week 35,459 bales, and are to-night
53.547 bales less than at the same period last year.
The
receipts at all the towns have been 41.399 bales less than
the same week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
weather has been less favorable the past week. Rain has
been general, and in a number of localities the precipitation
Picking is still in progress in
has been rather excessive.
some sections, but the movement of cotton to market has
been somewhat restricted as a result of the tendency to hold
for higher prices.
Galveston, Texas.
—
— We
have had heavy rain on three days
SINCE SEPT. 1. We give below a statement showing the during the week, the precipitation reaching three inches
and eight hundredths. The thermometer has ranged from
ovi rland movement for the week and since Sept. 1. as made
^8 to bO. averaging 49.
telegraphic reports Friday night.
The results for
«p from
Fort
md
tin
low.-:
since Sept.
in the last
1
two years are as
1904—
-190.3
}>•
Shipped —
Since
15.
-
Week.
ViaSl
Via Cairo
Via Root (aland
\i
Louisville
Ac
1.
-j
a
1:.^
be deducted
j
21,687.
.
79,
ti0.174
7.729
16,361
.46,795
to
21,685
82,000
02,213-
391,536
10,53!»
rail
:<4.(>S7
1
523,639
1
..v.:;
52,157
1
17s
,288
13,208
84,264
13,019
69,228
307.272
49,191
454,411
1
3 ,863
Canada.
shows the week'.- net overland movement
this year has been 46,795 bah'-, again-t 19,194 bales for the
areek Ias1 year, and that for the season to date the aggregate
d exhibit- a decrease from a year ago of
17,139
bate
The
; :--K'>ing
1
!
905
In >
Takn'ij
-t, to
v
I
to
I).-'
De
Week.
264,806
795
15
15
I
Sept.
601 ,721
307,272
19,194
356,601
I
5,5
603,247
Total h sight
194,240
J)
;iki!iir-
1
I't.lll
1
7.9 15
to Dec. 15
i
1
1,029
1
02
59,115
729.711
7,08
. 1
-1
1
1
1,1;
at into sighl in previous yeai
Bait
it
18
9
19...
1901
_•
1
.393,063
.388,442
1901
1900
1
'-
De
—
—
1
1,212
lowest 40.
Abilene,
during the
Tans. -We have had
liylit rain on three days
week, the precipitation being Bfty-eight hundredths of an inch.
The thermometer has averaged 42,
the highest being
and the lowest 28.
A little cotton remains to be picked.
Hel im. Arkansas.
Some planters are holding Tor higher prices.
ek's
rainfall has b en two inches and seventy-six hundredths,
on three days
Werag thermometer 11, highesl 58 and
lowest 25.
.\njur.tii. (in. -Cotton generally
or higher
b
g held
prices.
We have had rain on three days of the pasl week,
the rainfall being two nicies and nineteen hundredths.
thermometer lias averaged 17, ranging from 30 to 80.
»een rain on three
Mew Orleans. Louisiana. There ha
day.- of the week, the precipitation being three inches and
ged 51.
Thermometer hai
aeventy-eighl hundredths.
There has been rain on three
Shreveport, Louisiana.
days during the week, the precipitation being one inch and
thirty-three hundredths. Thermometer has ranged from 32
">
i
''
.
20
-
21
B.I L2.578
11
10
.
—
i
130,556
jjght rluri
'
Sept.
5,290,704
614,000
Interior slocks in ex
1902— Dec.
eek.
320,447
unption to Dec. 16 15,0
•Sout:.
M
ii
1
—
Worth, Texas.
There has been rain on three days
during the week, the precipitation being two inches and
ten hundredths.
There has been rain on four days of
Palestine, Texas.
the week, the precipitation reaching one inch and forty-five
hundredths. The thermometer has averaged 46, the highest
being (i0 and the lowest -V2.
Taylor, Texas.
We have had rain on three days during
the week, to the extent of one inch and sixty-two hundredths.
The thermometer has averaged 49, ranging from 34 to 64.
San Antonio. Texas. We have had rain on two days
during the week, the rainfall being ninety-eight hundredths
The thermometer has ranged from 34 to 6
of an inch.
averaging 49.
Corpus Chrisii. Texas. It has rained on three days of
the week, the precipitation reaching sixty-eight hundredths
of an inch.
Average thermometer 49, highest 58 and
—
1.
221,508
141,705
21,754
7.983
*•>_'
461
84
-
movement by
:i ,r>:i
9,994
ftc
overland a
total net
I'
17 :ir>>
14,358
3,472
5,417
18.7Sti
:;4.44s
57,334
—
t
151,958
85,195
Since
Sept.
Heel:.
2,742
14,987
Tots! ktoss overland
Deduct shipments
Overland to N. Y.. Boston,
Between interior towns.
Inland, etc., from South.
utul
l.
i'.S9_'
Via Cincinnati
Via other routes,
'!
Sep/,
19,198
14,830
2,685
-
fol-
averaging
i
16
We have had rainon two days of
Vveknburg, \fi
'/</"
the past week, the rainfall being two Inches and Beven hun-
THE CHRONICLE.
1712
dredths.
The thermometer has averaged
31 to GO.
45. ranging from
Alexandria,
—
Hock, Arkansas.
Four inches of snow on the ground
this morning, which retards picking and marketing. Rain has
fallen on three days of the week, to the cxtenl 61 thirty-one
hundredths of an inch. The thermometer has averaged 40,
the highest being 55 and the lowest 25.
Memphis, Tennessee. Fine weather early part of the week
for gathering cotton.
Marketing active. Rain lias fallen on
two days the latter part of the week, the precipitation reaching ninety-nine hundredths of an inch. The thermometer has
averaged 41.8, ranging from 29.8 to 58.2.
Nashville, Tennessee.
Receipts are small and there is material deterioration in grade.
We have had rain during the
week, the precipitation reaching one inch and sixty-one hundredths.
The thermometer has ranged from 30 to 57, averaging 44.
Mobile, Alabama.
Weather in the interior fair early in the
week, but latterly there have been heavy rains. Rain has
fallen on three days of the week, to the extent of ninety-five
hundredths of an inch. The thermometer has averaged 49,
the highest being 05 and the lowest 31.
Montgomery, Alabama. We have had rain on four days
during the week, the precipitation being sixty-nine hundredths of an inch. The thermometer has averaged 46,
Little
December
—
—
1905
F</<iji/,
1904.
1903.
140,000
2,016,333
270,000
3.625,651
13.
Receipts (cantai
This
v.
f<-k
:;50,000
.Since Sept.
Exports
1
3,082,420
I
—
—
(Vol. lxxxi.
imles)
This
—
week.
To Li verpool
To Manchester
To Continent
To America
A
cantar
is
This
week
1.
17,250 95,153
4,750 59,518i
13,750 110.570
3,500 25,752,
Total exports
a
Since
Sept.
98
39,250
Since
Sept.
Since
Tiiis>
ue< k
l.
Sept. 1.
97 522
54,714
1 1, hob 121,541
800 15,600
6,260 90,627
3,760 61,512
7,600 100,432
2,250 18,962
4,000
18,750 261,533 16,300 289,377
290.993J
lbs.
This statement shows that the receipts for the week were
350,000 cantars and the foreign shipments 39,250 bales.
MANCHESTER MARKET.—
Our report received by
cable to-night from Manchester states that the market is
quiet for both yarns and shirtings.
Merchants are not
willing to pay present prices.
give the prices for to-day
below and leave those for previous weeks of this and last
We
year for comparison.
ranging from 29 to 60.
—
1005.
1904.
Madison, Florida. We have had rain on three days of the
past week, the rainfall being two inches and twenty-five hunHX lbs. Murt- Cot'n
8K lbs. Shirt- Corn
Mid
mgs, common
32* Cop.
ings, common
Mid
32s Cop.
dredths.
Average thermometer 45, highest 60, lowest 30.
Twist
to finest.
Twist.
Up's.
\Up'i
to finest
Savannah, Georgia. There has been rain on three days of
Nov d.
d.
d. s. d.
d. s. d.
s. d.
d.
8.
d.
the week, the precipitation being two inches and four hun0.16 H'A
10 Bit
<">
9y,
5.42
3M@9 3
&.9 3
@ 9'i o
17 8^
5.34
69 3
& 9% 6 3 (S9 2 5 .93 8 9-10 (R 9>i
dredths.
The thermometer has averaged 5
ranging from
24 8K
S.08
@9 3
@ 9% AV %9 4H 6.11 8 9-16 @ 9Ji 6
2
34 to 62.
Dee.
7-16 @
1
9
(5)9
(«>9
@ 9% 6 5 (3)9 5 6.16 8
9'/i\5 11
3H 4.77
Charleston, South Carolina.
It has rained on three days of
(a;
6.42 8^
6
6
9
5 11 (&9 xy, 4.19
8 9 3-16 &;9 15-16
15 9
(at
4.19
the week, the rainfall being one inch and nineteen hun@ 8^15 10H@9
9K 6 5 @9 4H 6.29 8
dredths.
Average thermometer 52, highest 62, lowest 35.
COTTON CONSUMPTION TO DEC. 1.—
Greenwood, South Carolina. There has been rain on one
the week, the rainfall being one inch and eighty- By cable to-day we have Mr. Ellison's cotton figures brought
day during
five hundredths.
The thermometer has averaged 43, highest down to December 1. We give also revised totals for last
year that comparisons may be made. The spinners' takings
52 and lowest 35.
in actual bales and pounds have been as follows:
Cliarlotte, North Carolina.
Little cotton is being sold,
farmers waiting for 15 cents. We have had rain during the
Continent.
Total.
Great Britain
Oct. 1 to Dee. 1.
week, the rainfall reaching one inch and thirty-one hundredths. The thermometer has ranged from 28 to 58, averFor 1905.
aging 43.
655,000
1,478,000
Takings by spinners. .bales
823 ,000
486.9
486
488
The following statement we have also received by tele- Average weight of bales.lbs. 319,640,000 399,978,000 719,618.000
Takings in pounds
graph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given:
For 1904.
1.394,000
629,000
765,000
Takings by spinners .bales.
Dec. 15 1905.
Dec. 16 1904.
I
—
.
!
,
;
—
(i
EUROPEAN
—
—
.
New
Above zero
Above zero
Above zero
Above zero
Above zero
Orleans
Memphis
Nashville
Shreveport
Vicksburg
gauge.
gauge.
gauge.
gauge.
gauge.
of
of
of
of
of
Average weight of bales.lbs.
m pounds
Fed.
Feet.
9.0
23.5
14.5
9.0
27.0
Tftkiwgs
2.8
2.4
8.3
1.7
0.4
INDIA COTTON MOVEMENT FROM ALL PORTS.—
receipts of cotton at Bombay and the shipments from
India ports for the week and for the season from Sept.
for three years
Receipts at
1
have been as follows:
December 14.
1905.
1904.
1903.
Since
Since
Week.
Bombay
93,000
Week.
Sept. 1.
414,000
Since
Sept. 1.
74,000
380,000
Week.
Sept. 1.
64,000
Oct. 1 to Dec.
Gnat
281,000
Conti-
Brit'n.
Bales of 500 lbs. each,
000s omitted.
nent.
the
Week.
Since September
1.
Great
Continent.
Great
Total.
Continent.
Britain.
Total.
.
14,000
13,000
12,000
14.000
13,000
14,000
13,000
2,000
5,000
140,000
30,000
53.000
153,000
32,000
58,000
1,000
2",666
1,000
2,000
8,000
5,000
7,000
10,000
5,000
S.000
14,000
7.000
10,000
15,000
7,000
12,000
40,000
33,000
32,000
44,000
33.000
35,000
1,000
Madras
1905
1904.
1903
1,000
f,666
2,000
2,000
1,000
1,000
4,000
¥,666
4",
666
3,000
i",666
2,000
Total.
372
592
,509
347
684
272
617
396
964
668
583
442
825
807
75
333
221
451
296
784
<!07!
1,025
1.032
288|
396
684
408
272
672
396
1,080
668
629
948
136
276
412
4. weeks.
530
288
979
396
.
242J
365;
Consumption Nov., 4 weeks
319i
Total supplv
Spinners' stock Nov.
1
Takings in November
Bombay
Continent.
315
302
358
Consumption Oct .,
Britain.
,
57
290
256
274
Spinners' stock Dec.
For
Great
Total. Brit 'n
877
632
.
1
Takings in October
1905
1904
1903
Calcutta
1905
1904
1903.
1904.
1.
Spinners' stock Oct.
—
493.4
687.735.000
According to the above, the average weight of the deGreat Britain is 488 pounds per bale this season,
The
against 495 pounds during the. same time last season.
Continental deliveries average 486 pounds, against 492
pounds last year, and for the whole of Europe- the deliveries
average 486.9 pounds per bale, against 493.4 pounds last
Our despatch also gives the full movement for this
season.
year and last year in bales of 500 pounds.
1905.
—
Exports from
492
376,380,000
liveries in
The
all
495
311,355,000
—
..
.
Total supplv
1
621
1
i
The comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
All others
1905
1904
1903
Y,666
3",
666
16,000
14,000
17,000
16,000
14,000
20,000
202,000
75,000
102,000
20,000
2,000
11,000
222,000
77,000
113,000
1
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
19,000 bales. Exports from all India ports record a gain of
2,000 bales during the week; and since September' 1 show
an increase of 145,000 bales.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through
Choremi, Benachi &
arrangements made with Messrs.
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:
Spinners' stock Oct.
Takings to Dec.
Supplv
1
Great
Total. Br,t'n.
-
1
—
Total.
372
315
753
2,316
.'so
1,068
,368
544
792
1,748
1.336
629
94S
136
276
412
99
99
171
6S
171|
68
99
99
167
167
877
1,439
1,421
319j
*72'
256
639
Continent.
57
623
621
800
895
576
..
.
1
Spinners' stock Dec.
nent.
Great
Conti-
Brit 'n.
Total all
1905
1904
1903
1904.
1905.
Oct. 1 to Dec. 1.
Bales of 500 lbs. each.
000s omitted.
792
1
1,376
Weckhi Consumption,
000s omitted.
In October
In November
72
1
i
The foregoing shows that 1;he we ekly c -insum ption s now
171,000 bales of 500 p ounds each, againt t 167, 000 hi lies of
The total
like weights at the corr esponc ling tii ne lasl year,
spinners' stocks in Gre, it Brit ain an d on t he C01 itinen t have
increased 119,000 bah 3S dui ing tl le mo nth a ad ar< 2 now
536,000 bales more thai latth e same datel ast sea son.
s
—
Dec. 10
.
THE CHRONICLE.
1905.)
NEW YORK COTTON EXCHANGE.—The Hoard of
Managers of the New York Cotton Exchange have adopted
an amendment to the by-laws as follows:
I.1YKKPOOL.
By a vote which was almost unanimous, tin- Exchange
has made the Saturdays before Christmas and New If ear S
Day (Dec. 23 and 30) Exchange holidays.
JUTE BUTTS. BAGGING, ETC.—The demand for bag*
ging during the past week has been very light, with prices
lbs. and 6%0. for 2 lbs. standard
unchanged at o s c for
,
Jute butts continue dull at 1%@1%°- for
grades.
quality and 2(e/.-' ,c- for bagging quality.
—
SHIPPING NEWS. As shown mi a previous page, the
exports of cotton from the United States the past week have
reached 277,319 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bales.
Liverpool, per Baltic, 4,323 upland, 160
Bovic, 1,576 upland, ir foreign
1;
per Garrick, 201; Titian, 1,518
To .Man
To London, per Minnehaha, 2.107
To Havre, per Crow n of Granada, 297
To Hum burs;, per Amerika, 42
To Antwerp, per British Empire, 1,140
To Naples, per Florida, 36 1
To Chi i.i, per Yeddo, 500
Dec. 1 1— Colonial. 7.500;
To Li
Ian, 23,000
Dec. 13— CaliCon
Darien, 6,000..
Inventor, 0,000
To tfani
Uagpool, 1,450
To Hull 1>
•
1,719
2.107
297
42
1,110
.-
—Dec.9
-Dec.
475
Mississippi,
13
-Andoni. 5,284; Indian, 1
Engineer, si, 000
Dec.
12 -Mi
•i. 6,000
Musician. 11,952
GALVESTON To LiverpoolDec. 12— Ikhal, 8.458
.mi. 11,772
D
Asuncion de Larrinaga, 12,774...
To '
7
Cayo Largo, 1,448
To Lon.
773
To Havre— Dec. 14To Bremen— Dec. 14— Mainz. 4.700
1.720
:— Dec. 9
To!
.450
1
To Barcelona
Fert, 10.803
To
MOBILE—To Liverpool- Dec, 8 British Trader, 8,936
ro Havre— Dec: 7—Chi verstone (additional), 292
pens VGOLA
To Genoa—Dec. 9— Carolina. 700..
To Trieste— Dec. 9 Carolina, 700
Cayo Gitano, S.S03
To Liverpool Dec.
To Bremen— Dec. 12—Hercules, 6.4sa..
.-—Dec. 8 Osceola, 2,228.
To
To Reval— Dec. 12—Hercules, 200
Osceola, 250
To Gottenburu Dec.
Havre
To Bremen -Dec.
—
—
—
SAVANNAH—
—
9—
—
'
—
8—
To Barcelona—Dec. 12—Sicilia, ts,750
To Genoa— Dee. 12 -Sicilia, 4,035
BRUNSWICK—To Liverpool—Dec. 12— North Sands, 10,010..
-Dec. 12— .North Sands. 49
To
-To Liverpool— Dec. 12—Sellasia, 5,500
CH\RI.'
>
Liverpool—Dec.
11
— Sylvania,
Quiet.
Market,
Monday.
Quiet.
12:16
P
.
M
4li,000
1,000
8,000
37,ooo
s.ooo
ss.ooo
S07.000
808,000
86.000
8,000
so, 000
777.000
674,000
111,000
107.000
336.000
277,000
x.r>.000
KOt.000
701,000
li-c.ooo
114.000
91.000
880.000
34S.00O
r>05.000
70,000
454.000
Thursday.
Friday.
Quiet.
Quiet
Quiet.
Quiet.
0,000
7.000
500
Market
15 pts.
i::<.i.
j
Market.
|
P.M.
j
0.23
6.29
10.000
1.0UO
7.000
9@li
at 8 pt.s.
dec.
advance.
pt.s.
Weak
17® 21
Firm at
Steady at
Quiet at
Barely et'y
opened,
6.17
8.000
1.0J0
500
,e\p.
Fvtt
6.08
6,000
G.27
6.25
Utd.TJpl'dl
500
Wed' day.
Tuesday.
J
.
•1
pta.
Qui,
unchanged.
4(5 5 pta.
advance.
decline.
500
Steady at
advance.
'
at
pts.
t
at
Barely st'y
l@:i pts.
5@11
ii
decline.
decline.
nnch steady
Quiet at
12®
pts. dec.
to 2
1
rice.
pta.
8®
1
1
a
t
pts.
advance.
advance.
prices of futures at Liverpool lor each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and 100th. Thus: 6.18 means
6 18-100d
The
005
0,000
til.
1,450
475
23,839
OW.
14,000
Sat.
—
—
—
—
—
Ivo Mara. 1,363
Japan— Dec.
6
—Crosby
12.77
Mon.
Tues.
Wed.
Thurs.
Dec. 9.
32.1S2
Dec. 11.
Dec. 12.
Dec. 13.
Dec. 14.
---
Dec.
Hall, 934
12% 1 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.
•
4,700
1,720
1,450
10
8,936
292
700
700
8.S03
6,485
2,228
200
250
6,750
d.
d.
3.803
2,718
246
5,959
5,559
2.797
2,291
1,096
2,607
Twickenham, 500
1,434
277,319
Total
The particulars of the foregoing shipments for the week
arranged in our usual form, are as follows:
d.
>ecember 6 is 6 12 6
lec.-Jan. 6 16 6 12 6
in.-Feb. 6 19 6 16 6
Feb.-Mch. 6 23 6 20 6
Mch.-Apr. 6 30 ti 24 6
\: r.-Mav 6 31 6 27 6
May-June 6 36 6 30 6
J nne-July 6 35 6 31 6
July-Aug. 6 39 6 32 6
Aug. -Sep. 6 31 6 24 6
Sep. -Oct . 5 98 5 94 5
Oct .-Nov. ,5 88|5 84 5
1
1
.1
4,035
10,010
49
t 5,500
8—
Fri.
Dec. 15.,
1
I
d.
1
1
d.
d.
d.
09 5 96 5 99
09|5 96 5 99
13i6 00 6 03
18|6 05 6 07
22 6 OS 6 12
25 6 12 6 15
28 6 15 6 18
30 6 17 6 20
31 6 18 6 21
23 6 10 6 13
91 5 83 5 86
82 5 74 5 77
15 6
15 6
19 6
23'6
21 6
31 6
34 6
36 6
37 6
29 6
97 5
88 5
6 05 6
6 05 6
6 09 6
6 13 6
d.
d.
11 6 11
11
1
1
15 6 15
ti
ti
d.
d.
d.
12 6 17 6 23
12 6 17 6 23
ti
19 6
6 18 6 24 6 24 6
ti
21 6 27 6 28 6
6 25 t> 30 ti 31 6
6 27 6 32 ii 33 ti
(i
28 8 33 6 34 ti
6 19 6 25 6 26 6
5 92 5 99 5 98 5
5 83 5 89 5 89 5
19 8
15 (i 20
20 6 21
25 6 29
28 6 32
32 ti 36
34 ti 37
35 6 39
26 6 31
99 6 02
90 5 94
6 26
6 30
6
6
6
6
6
6
5
35
38
42
43
45
36
07
99
BREADSTUFFS.
Dec. 12
1,010
—Devonian, 2 793
To Manchester— Dec. 8— Iberian, 2,718
To Y irmouth—Dec. 5 & 12— Boston. 246
BALTIMORE— To Liverpool Dee. 8 Rowanmore, 5,959
To Havre— Dec. 9—Cycle, 5.559
-To Bremen— Dec. 13 Neckar. 2,797..
PHILADELPHIA— To Liverpool— Dec. 8— Haverford, 2,291...
Japan— Dec. 9— Doric, 1.096
SAN FRANCISCO— To
Dec. 12
SEATTLE— To Japan— Dec. 8 Shaivmut, 1.244
TACOMA— To
Dec. 15.
49,000
2.000
3.000
43.000
12,000
Dec. 8.
1,000
1,000
1
.
!
1.
-11,000
1
—
BOSTON— r
Saturday.
Spot.
8,066
NEW ORLEANS—
To London
Die.
week
spot cotton have been as follows:
;
NEW YORK — To
cable from Liverpool we have the
the week's sales, stock, Ac, at
of
The tone of the Liverpool market for spots and futures
paper each day of the past week and the daily closing prices of
;
I
— By
Nov. 24.
bales. 42,000
i.ooo
took.,
Of which exporters
of which speculators took 2,000
.84.000
Bales American..
8,000
Actual export
00,000
Forwarded
72,r>,ooo
rotal stock— Estimated
Of which American Est. 684,000
Total import of the week... 186, 000
101). 000
of which American
Amount afloat..
305,000
American
Of which
220,000
Sales of the
another.
:'
1743
following statement
that port:
Three dollars; *od tif'v cents for each and every one bundled bales
bought or soldi whto a transaction Is made for a member of the ESxonai
making ibe round transaction (buying and selling) $7, tins rule being
equally applicable to extension or transfer of contracts from one month to
—
1
Friday, Dec. 15 1905.
The market for wheat flour has developed some irregu
larity.
Winter-wheat flours have received increased attention from buyers, owing to their depleted stocks, and they
have placed orders for moderate supplies at a steady to firm
basis of values.
The demand for spring-wheat flour has
been quiet and there has been a slightly easier tendency
to pticcs.
Rye flour has held steady at unchanged prices.
Buckwheat flour has been quiet and unchanged. Cornmeal has been quiet and easier.
Speculation in wheat for future delivery has been on a
limited scale only.
Early in the week there was a fractional advance in prices.
European cable advices were
firmer despite continued large world's exports.
The American visible supply statement, however, showed a considerable decrease in stocks and cable advices were received reporting rains in Argentine, which were unfavorable for the
harvesting of their wheat crop, which is now starting.
The report by our Government's Agricultural Bureau on the
condition of the winter-wheat crop was favorable, present
prospects being interpreted as indicating a yield of -195,000,sin Is.
This report promple d a limited amount of sell000
ing in both the American and European markets and there
was a weaker turn to prices. On Thursday the market
again turned firmer, values advancing slightly. The crop
news from India was unfavorable, drought being reported.
Advices received from the Northwest report that it is estimated that the requirements for the Northwest mills this
JOn will reach the enormous figures of 207,000,000
A moderate export business has been transacted
hels.
in the spot market; prices have followed futures.
To-day
tic tone' was quiet but steady.
The spot market v. as un-
m
The exports to Japan since Sept. have b< a 19,381 bales
from Pacific ports and 500 bales from New York.
Cotton freights at New York the past week havi
1
1
follows:
Tues.
Sol.
Liverpool
c.
Manchester
c.
c.
c.
Havre
Bremen
26
22
30
30
Ghenl
I
Genoa
80
34
i.e.
34
34
86
82
ism. 20
80
30
18&20
c.
30
80
te
40
Japan, prompt, e.
40
Quotations are cent? per 100 lbs.
82
18(320
80
40
34
DAILY CLOSING PRICES OF
WHEAT FUTURES
Sat.
Mmi. Tins.
in
84
elevator
32
18@20
18®20
10
10
is
i
10
84
and there has been
Indian corn futures have been qu
Wea her conditions in the
a gradual sagging of values.
interior have been favorable for the handling e>t the emp
have been running
anei the' receipts at the p imarj
ly heavy.
r,
have continued
Some
') he: heard <»f grading no1 coming up to expectations.
The,
I
36
IN NEW YORK.
Wni. Thun. Fri,
97% 97%
I6M 95% 95%
95% 95% 94% 91% 95
96%
delivery in elevator
93% 93% 93% 92% 93% 93%
DAILY CLOSING PRICES OF UIIKVI M H REE IN CHICAGO.
Sal.
Mon. Tues. Wed. Thurs. Fri.
U ws%
December delivery in elevator 86% so% 86% 85
ss% ss%
tor
88% 89% 88!
fob.
No. 2 red winter
ember deliven in elevator.
.
80
28@30
35
e.
80
28® 30
c.
.c.
Reval. v.Canal.e.
Barcelona
c.
Thun.
25
22
30
26
2.1
HambiiH,',aakerlc.
Antwerp
Wed.
25
22
30
changt d.
THE CHRONICLE.
1744
demand
for actual supplies has beeD only moderate, the
buying by the home trade being Oil a limited scale, while
exporters have placed comparatively few orders, they apparently being disposed to hold back looking for lower
Speculative interests, influenced by the increasing
prices.
supplies, have turned sellers, liquidating their holdings.
The spot market has been easier. To-day the tone was
firmer on reports from the interior of scarcity of freight cars
to ship supplies. The spot market was more activ<
Mod.
erate export sales were made ai outporis.
I»\ILV CLOSING PRICES of No. 2 MIXED CORN (N NEW YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.
r>\\4
Cash corn
f.o.b. 53
52 H 52
51
5134
I
)<ccmi>o;- delivery in elevator
56J4
January delivery. in elevator
.
56
53^
50%
55J4
53%
50%
M
54%
52%
54%
55
52%
.".2
50%
49J3 50
DAILY CLOSING PRICKS OF CORN FUTURES IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
December delivery in elevator- 45% 44% 44J£ 44% 44% 45%
42
42% 42 ]4 42
42%
January delivery in elevator
44% 44% 44% 44
44% 44%
May delivery in elevator
45
44% 44% 44% 44% 44%
July delivery in elevator
May
delivery in elevator
51
%
Oats for future delivery at the Western market have been
and there has been a fractional decline in prices. The
movement of the crop has continued on a liberal scale and
There has been a falling off in
stocks in sight are large.
the demand in the cash market and this has given an easier
tone to the situation. To-day the tone, was quiet but
quiet,
steady.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Mon. Tues. Wed. Thurs. Fri.
Sat.
f.o.b. 36%
36% 37 H 37 % 37% 37%
No. 2 mixed
f.o.b. 37%
37% 37% 37% 37% 37%
No. 2 white, clipped
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
31% 30% 30% 30% 30%
December delivery in elevator- 31
32% 32% 32% 32% 32% 32%
Mav delivery in elevator
31% 31% 31% 30% 30% 30%
July delivery in elevator
The following are closing qoutations:
FLOUR.
Patent, winter. .84 50
$2 85
@$2 95
@84 80
Fine
3
3
3
3
3
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
00
10
25
35
90
4 35
.
@
@
@
@
@
@
3 05
3 20
Citv mills, patent. 5 00
;
Rye flour
Buckwheat
3 30
3 60
4 25
3 90
flour. 2 10
Corn meal
Western, etc. ._ 3 00
Brandy wine ... 3 05
5 45
@
@
@
@
@
5 40
4 60
2 25
3 05
3 10
GRAIN.
Wheat, per bush
N. Dul., No. 1..
N. Dul., No. 2..
Red winter, No. 2
Hard "
Oats Mixed, bush.
White
No 2 mixed
—
No. 2 white
c.
|
Corn, per bush
95%
V3%
95%
—
51%
f.o.b. 51%
f.o.b. 51%
f.o.b. 51%
71
@
@
@
77%
Nominal
49
41
56
45
partment's report on cereal crops December 1 was issued
on the 11th inst as follows:
The Crop Reporting Board of the Bureau of Statistics of the Department of Agriculture finds from the reports of the correspondents and
agents of the Bureau as follows:
The newlv-seeded area of winter wheat is estimated at 31,341,000
The
acres, an increase of 0.6% over the area sown in the fall of 1904.
condition of winter wheat on December 1 was 94.1, as compared with
82.9 in 1904, 86.6 in 1903, and a ten-year average of 91.5.
The following table shows for each of the principal States the percentage
of acreage sown to winter wheat this fall as compared with that sown
last year, the average of condition on December 1 of the present year,
the corresponding averages for 1904 and 1903, and the mean of the
December averages of the last ten years:
Average Condition December
1
compared
Ten-
with
States.
last
1905.
1904.
1903.
year.
Kansas
101
.
Missouri
Nebraska
..
.
.
.
California
.
Indiana
.
.
.
Illinois..
_
Ohio
Pennsylvania
Oklahoma.
Texas
_
Michigan.
_
__
_
United States
90
81
94
100
84
126
108
103
100
94
96
106
93
96
77
93
90
96
97
95
98
97
95
97
95
77
82
76
86
68
SO
92
100.6
94.1
82.9
—
Exports of Flour and Grain from Pacific Ports. The exports of grain and flour from Pacific ports for the week ending
•"!!<
Dec. 14. as received by telegraph, have been
-
From
United
Francisco
to
Kingdom. ."33,000
bushels barley;
to various Pacific ports, 4,54! barrels
flour, 700 bushels corn
,000 bushels wheat and 4 ,000 bushels
barleyFrom Tacoma to South America, 11,030 barrels
flour and 76,353 bushels wheat.
From Seattle to South
America, 5,815 barrels flour.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1 1905, comparison being
made with the corresponding period of lasl year.
,San
.
l
Corn,
Wlnai.
Flour,
year
average.
87
87
90
97
84
85
80
93
92
93
96
90
92
86
94
92
93
86
91
80
84
85
91.5
sti.r,
The newly seeded area of winter rye is estimated at 95.9% of the area
sown in the fall of 1904. The condition of winter rye on December 1
was 95.4, as compared with 90.5 on December 1 1904, 92.7 at the corresponding date in 1903, and 95.8 the mean of the December averages of
the last ten years.
The following table shows for each of the principal States the percentage of acreage sown to winter rye this fall as compared with that sown
last year, the average of condition on December 1 of the present year,
the corresponding averages for 1904 and 1903, and the mean of the
December averages of the last ten years:
26,000
29,545
Total
Total 1904
4,818,358
3,107,722
55,545
82,680
1,634,340
1,494,451
The movement
ivith
last
Average Condition December
1905.
1904.
1903.
year.
99
Pennsylvania
New York
. .
Michigan
New
Jersey
California
United States
96
90
100
92
98
92
1
95.9
Tenyear
average.
97
96
95
98
93
97
84
90
95
94
94
93
97
91
95.4
94
97
88
95
97
96
98
98
98
93
96
97
90.5
92.7
95.8
90
91
214,617
97,730
2,239,534
2,714,169
is
Barley,
busn.bum.
311
market as indicated
of breadstuff's to
statements below
311
816
in the
prepared by us from figures collected by
New York Produce Exchange.
The receipts at Western
and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
the
lake
Receipts at
—
Wheat,
Flour.
Corn.
Rye.
Barley.
Oats.
bblsAOdlbs. bush. 00 lbs. bush. 56 lbs. bush. 32 lbs. ivtshAW,. fru.56 lbs.
Chicago
323,422
1,635,921
135,240
1,315,183
2,235,560
100,200
134,466
8,947
183,905
44,095
145,000
Milwaukee.
Duluth
52.415
34,350
338,842
5,600
403,000
467,773
329.308
355,258
5,010,460
5,602,347
5.814,400
Toledo
0,100
1.308
.
Kansas CityTot .wk. '05
Same wk.'04
Same wk.'O.S
Since Aug.
1905
1904
1903
827,078
501,600
351,1^7
307,020
67,000
17,600
25,223
29,880
4,800
315,000
165,200
106,800
147.500
79.200
11,000
2,400
3,434,022! 2.213,585
2,325.710 2,048,107
3,323,432 1,588,664
4,155,932
6,730.393
3,018.285
Minneapolis.
Detroit
Cleveland
St. Louis
Peoria
1,823,950
151,200
236,030
414,060
45,300
83,801
91,781
39,900
582
34,210
229,000
235,064
303.905
444,350
351,000
882,000
157,903
194.539
226.025
1
9,423.706 128,691,696
8,044,648 124.302,725
8.973,726 125,068.002
66.868,951 107,780,717 43,
4,458,511
62,147.594 81.423.456 39.112,902 4,306,451
66,741,323 71,033.931 37,967,209 ".,916,131
Total receipts of flour and grain at the seaboard ports for
December 9 follow:
the week ending
bbls.
New York
190,555
45,150
3,639
95,720
74.983
4,000
Boston
Portland
Philadelphia
Baltimore
Richmond
Newport News
New Orleans. a
Galveston
Norfolk
Montreal
Mobile
St.
15".
491,439
1.190,857
34,294
102,857
1,526,000
430,600
4,628
16,405
11.250
27T.078
71.530
26,398
343.897
72.500
285.600
212.772
37,380
14.400
19,059
2,250
12,246
4,705,611
1,498,865
221", 590
2,065,218
835,227
1,538,077
844,422
562.39S
469.713
105,665
Rye.
bvsh,
25,350
1,850
12.800
21,187
269,632
447,520
350,930
1904
Raris,,
783,750
113,537
110.700
146,400
8,814
Oats,
hush.
6 is. 700
bush.
1.625
week
Total
467
""857
6,710
John..
Week
Corn
Wheat,
bush
400,000
543,752
183,180
109,728
52.768
21,468
Flour,
—
Receipts at
New
a Receipts do not include grain passing through
through bills of lading.
61.187
16.402
Orleans for foreign ports on
Total receipts at ports from January
for four years:
December
to
1
9
compare as follows
—
1905.
1903.
1902.
13.252.590
16,167,735
20.807,591
20.847.214
bush. 45, 188,454
97,426,575
68,593,410
12,539,595
39,826,656
49,175,887
45,734,936
7,752,468
1,129,956
98,386.274
96,841,692
51.216,618
4,629,437
3,931,524
130.080; 163
2.', 277, 716
49,821,707
3,804,693
1,365,039
Receipts of
Flour
.225,113,083
143,619,903
255,005,545
211,399,299
.bbls.
Wheat.
Corn
Oats
Barlev
Rye.l
Total grain
1904.
5.40S.OSO
The exports from the several seaboard ports for the week
ending last Saturday are shown in the annexed statement:
—
Wheat,
Corn,
Portland
Boston
bush.
326,551
81,457
385.712
521,252
Philadelphia
73,397
Baltimore
Norfolk
-
Oats,
bush.
bbls.
Rye, B'i
bum.
bush.
4.422 307,251
23.S.953
10.213
343,897
56.139
750
13,000
6,364
1,625
8,814
11,250
269.632
2.250
4,422 440,333
371.302
1,321,417 2,199.936 278.118 2,582,988
Total week
664,357 142,251
52.040
1904. _ 263,063
The destination
1
is
of these exports for the
as below:
—
-Flour-
Dec. 9
1905.
Dec. 9.
bbls.
since July 1 to
.189,001
United Kingdom
18,171
Continent
So. and Cent. America 36,736
bbls.
bush.
,371,530
810.814
S93.6S2
422,735
369,416
572,786
5,000
—
West
Indies
No. Am. Colonies
_
Other countries
Brit.
25.693
6,063
2,454
83,001
115,319
7.547
39,056
since
Corn-
Smce
Week
July
week and
Wheatr-
1
Exports for week and
498
527,276
Same time
July
Peas,
bush
6.299
37.3S0
82,702
173,317
S7.478
3,639
°9 295
60,057 1.080.479
69.776
926.900
4.62S
102,857
16,000
23,520
143,936
NewportNews
New Orleans
Galveston
Montreal
Mobile 1
St. John, N.B. ..
Flour,
bush.
417,747
183, ISO
196,005
Exports from
New York
Week
compared
States.
165,546
bush.
51,981
2,516,377
2,250,000
Rye,
2,073,434
212,916
32
bush.
Since
Acreage
Oats,
bush.
1,669
Exports frombbls.
San Francisco. 248,000
Pugot Sound.. 886,340
Portland .
500,000
48%
AGRICULTURAL DEPARTMENT'S REPORT ON
CEREAL CROPS DECEMBER 1st.— The Agricultural De-
Acreage
The final estimates of the total acreage, production and farm values
of the principal crops for 1905 will be issued on December 20 at 4 o'clock
p. m.
c.
Western mixed
No. 2 mixed ..
No. 2 yellow
Nom'l
No. 2 white
Rve, per bush
36%@. 37%
Western
42
37%@
Nominal
State and Jersey.
Nominal.
Barley Western . .
Feeding
f.o.b.
f.o.b.
f.o.b.
f.o.b.
[Vol. lxxxi.
Since
July 1
Dec. 9.
1905.
bush
bush.
14.031,370 873.255 13. 075,381
6,676,0121262,214 11 937,266
101.207 29.76!
190,143
24,457 34,70<".
051,413
70.977
20,598
July
1
Week
1905.
bush.
278,118 4,322,866 1.321,417 20,833,0461321,417 25,945,778
263.063 6,643,032 664,337 12.1S4.52S
Total
Totail904lII-im.-142.251 3,089.810
supply of grain, comprising the stocks in
granary at the principal ports of accumulation at lake and
seaboard ports, December 9 1905, was as follows:
The
visible
.
Dec.
|
Whmt.
"
Oats,
bush
bush.
1.052.000
791.000
1,81 i.ooo
Hurl,
demand.
461.000
7 I.IIIUl
..000
Philadelphia
180.000
409.000
179.000
166,000
155.000
154 ooii
!.000
•no. ooii
.;.ooo
661.000
800,000
2s;i.ooo
ston
Montreal
roronto
1,175,000
16.000
77
loi.ooo
1
2S.0O0
2,327.000
139,666
677.000
,00(1
409,000
254.666
9 .ooo
Jl.i.OOO
•.:;4').iKH)
.il 1.0(1(1
,000
.'.il.ooo
109.000
77.000
afloat
Toledo
"
i.
i.oi. ooo
bo',
l
666
,;,0(I0
'i
Milwaukee
"
837.000
712.000
2.419.000
Duluth
1.000
r.'.ooo
.
li.O(H.OOt)
201.000
843,000
667.000
221,000
6.S22.000
2.015.000
-
137.000
93.000
137,666
i.;r.<o.ooo
On
Canal and River
vatism
000
ic.666
126~.666
28,1 12.000
2,137,000
1.993.000
0.137.000
1.1.-.9. 000
5.932.000
3,841,000
1..-.71.
i.ooo
9 1.000
Mississippi Klver
i>n
779.0(10
,
l.-
77.ooo
-
9 1905..S4.711.000
2 1905. .36.943.000
10 1904. 37.108.000
Dec. 1- 190
1.804.000
Total
Total Dec. 13 1902. .48.161.000
7.703.000
6.393.000
4.565.000
rot*] Dec.
Total Dec.
-'.I94.000
.-.,.-193.000
24.201.000
S.277,000
5.498.000
-
I
('..193,000
I.
.390. 000
."..743.000
1.302 .000
THE DRY GOODS TRADE.
New
York, Friday, Dec. 15 1905.
Buying of cotton goods has been somewhat restricted
during the week on account of the high prices prevailing
at the present time, and owing to the fact that jobbers arc
In spite of this, however,
stock-taking period.
for spot goods fur filling in purposes has been
fairly insistent and future deliveries have not been entirely
The fact that stocks are in a healthy condition
neglected.
the
in
demand
the
instances second
in
feel disappoin ed ai
ti..
conserbuyers.
This cautiousness is due in
great part to the uncertainty regarding prices, for buyers
had generally expected a higher level than has been named,
and the fact that prices have been kepi low has in itself
As a
created some suspicions in the minds of buyers.
matter of fact, the present level is accounted for by the
manipulation that has entered into the construction of
fabrics, and manufacturers have adopted this method rather
than be compelled to name prices that might seriously
There is a disposition on the part of
interfere with sales.
agents to get through with as much of low-grade business
a- possible before showing the medium or higher grades
The
of goods, and openings have accordingly been -low.
hading interest is expected to open lines of overcoatings
shortly and to show a very wide range of goods and until
this has been done the clothier is not expected to lake much
interest in the market, having nothing to guide him as to
Duplicate orders are being received in
style or fabrics.
fair quantities for men's wear light-weight goods, and the
Initial buying
call is still for worsteds rather than woolens.
of dress goods is now practically over ami duplicate orders
have not yet been received in any large quantity. Agents
are busying themselves with preparations for nexl season,
but there are as yet few indications to guide them in their
reports
10,000
376.000
7.000
371,000
ipolis
that some
shown by
I
afloat
Kan-
few
a
in
a transnormal business
most of the low-grade men's wear
woolen and worsted heavy-weight goods but there are
acted during the week
126.666
78,666
4,2
afloat
'
but
WOOLEN GOODS.—A
1.128.000
Minneapolis
St. Louis
also are steady,
:>''•,<
at
afloat
ft. William
Port Arthur
strength
theii
very firm but the amount of business transacted during
the week has been small.
Regulars are nominally quoted
afloat
Cbleagc
maintain
cottons
hands are able to sell both prints and these at low ir prii
Prinl cloth price- remain
than those asked by agents.
afloat
Detroit
.
Y\i<le Bhectings are firmer
steadily held .•".•! in fair
infinitesimal.
pillow cases an-
Is
Coarse, colored
Ginghams
263'.666
1,010.000
"
—
1
and near-by deliveries are practically impossible
Manufacturers are .-till in no hurry to name prici
ipped
Prints
goods, Owing to the high COSl of the raw ma:'
are decidedly firmer, ana the recent business has been heavy.
772 000
24.000
-
Bultalo
;
1745
margin of profit
and sheets and
i/
hush
996.000
HM.OOti
10
afloat
Hyr.
hush.
222,000
Boston
Baltimore
\,\\ Orleans
,
THE CHRONICLE.
IG 1905
Now Vort
o
.
sellers
I
over the country and that buyers still find it necessary
purchasing for immediate delivery is taken to
plans.
mean that the situation is bound to remain very firm for
GOODS.— There is little doing in imFOREIGN
some time to come. .Many lines are sold up for spring and
The outlook for
ported woolen and worsted dress goods.
manufacturer.-- whose raw material requirements have not
A fair holiday trade lias been
silks is growing brighter.
been covered are very cautious in naming prices, owing to done in ribbons.
Linens continue to advance and fair
The scarcity of orders are still being received. Burlaps remain firm, with
the uncertainty of the cotton market.
in small supply.
supplies at first hands and the needs of buyers still remain Caleuttas
The export division Importations and Warehouse Withdrawals of Dry Goods
the two principal factors in the market.
very quiet at the pressent time and the future outlook
is
The importations and warehouse withdrawals of dry goods
at this port for the week ending Dec. 14 1905, and since Janis not very encouraging. owing to the large stocks held in
uary
1905, and for the corresponding periods of last year
China and the consequent slow movement. There ha
are as lollows:
been some re-sales of goods by exporters to the home trade
during the week, but as the sellers have insisted upon
>—
- Eh
H
Fla
C
Wo
iring full market prices, this has not been a demoralj ?T = S o ~
~ K
o ^
= x";o
"3
^
C — g
o —
-—
(P
Men's wear heavy-weight woolen and worsted
izing feature.
o
§i,S o ~ g
-'
3
3
—
»
3
2
V
c
O
-i
goods have been moderately active during the week and
h
H
5
all
to continue
DRY
i
isce
isce
anu
Ila
Sill
'
'
'
'
'
'
i
i
i
i
Cot
Sill
BO
,
,
I
,
i
goods have
die--
moved
fairly
2
j.
freely.
DOMESTIC COTTON GOODS.— The
exports of cotton
goods from this port for the week ending Dee. 11 were 5,778
packages, valued at $395,173, their destination being to the
points specified in the tables below:
-5
X
S
,
o
3
3
•a
o
3
^J*
.
i
-1905Since
Xiw York
to
Jan
Die. 11.
'Britain
.'?
European
Oth^-r
152
China
1,780
India
Jan.
144
9
3,218
25
West [ndies
Mexico
-al America.
7t.".
47
282
17
32,89:s
V.M
786
1.'
.'
193
..7.959
a
Other Countries
286
The value
HI
1.71
required
lighter-weight
there
iih'
ha.-
Bheetings
been
little
1
86,022
7,069
ii
09
—
-•
—
55,766
20,230
236.171
/
-1
•
count*
the latf
are
r
•
d
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99
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Irills
a1
are being kept
— (i
- —
-J c>
io ~
-1
freedom,
strength of the gray goods
finer
y
39
—
tions.
Cn
li(C
markel and advances on the
any time. These are being
urged by manufacturers of lower-grade goods, who <i
i-
39.
CO
z
z
—
but
:..
en
inquiring for goods
finding difficulty in securing the required construcBleached goods are becoming firmer, owing to the
i-
O
0.2S7
20,403
2,382
-I
a.
T.
o*
o;o
1
than these with Borne
doing in either hefl
-
i
i
to
Cn
The home trade ha- purchased
The bag trade
or Bheetings.
—
to
to
6,526
New Vork
deliveries.
v>
0>Cd
.:'.:.7
both 3 and 3.25-yard sheetings and a- the-.- have been made
full prices, manufacturers have been rather pleased than
otherwise to have tlnir customers' need- supplied in this
v. a- they themselves have been unable to mam them
tii"
cr.
iZ
806
1
ha- been
export* since Jan.
$15,668,379 in 1905, against $14,063,836 in 1904.
re-sales by exporter- to home buyer- have included
of these
1
i
[t
'
ft
s
ti
o
»
1
1
256
::-
Total
5
l«).:ilti
779
10,21:'.
Africa
tc
Sinct
1
1.252
1.010
106.21H
106.213
18,335
X',.
iil
.
-1904-
i
,
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i
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—
-
THE CHRONICLPl
1746
STATE
ftW®
ClTY JitffiVTytZVT.
Items.
3^%
New York City.— Bonds Listed.— The $12,500,000
50-year gold corporate stock issue of New York City, put out
recently for various municipal purposes and awarded to
different bidders on Nov. 23, was listed on the New York
Stock Exchange on Dec. 14. See V. 81, p. 1510, for details
of stock.
—
Bonds Not Tax Exempt. In accordance
Seattle, Wash.
with data furnished from time to time by various city
officials there has appeared in our "State and City" section
or suppement for some years the remark that "All the bonds
There arose
issued by this city (Seattle) are tax exempt."
recently some question as to the accuracy of this statement.
We therefore took the' matter up with the City Comptroller,
who in turn submitted the question to the Corporation
Counsel whose reply follows:
\>yi to acknowledge receipt of your letter asking for an opinion from
this office as to whether or iut municipal bonis of the city of Seattle
are exempt from taxes,
this city
["he constitution and statutes of
I
speciimllv provide that all property belonging to a municipal corporation is exempt from taxation for any purpose, but after bonds are actually issue
an pass to ownership of third parties there is no question
as to the right to assess same for all purposes of taxation.
I
Bond Proposals and
Negotiations
this
week
have been as follows
Abington Township (Pa.) School District. Bonds Proposed.
The issuance of $30,000 4% building and refunding
—
being considered.
Albert Lea, Minn.—Bond Sale.— The $18,000 4% 20-year
sewer bonds offered on Nov. 15 were awarded to N. W.
Harris & Co. of Chicago, subject to their attorney's approval
See V. 81, p. 1449, for
as to the legality of the bonds.
description of securities.
Securities are dated Jan. 1 1906.
Altoona, Fa. Bond Election. At the spring election Feb.
20 1906 the question of issuing $300,000 reservoir and
$100,000 street, avenue and highway improvement bonds
will be submitted to a vote of the people.
Altus, Green County, Okla. Bond Election Postponed.
We are informed that the election which was to have been
held on Dec. 19 to vote on the question of issuing $30,000
water-works and $4,000 electric-light 5% 30-year bonds has
is
—
—
been postponed until Jan. 16 1906.
Bond
— On
Dec. 5 the $40,000
4% coupon water and the $10,000 4% coupon sewer bonds
described in V. 81, p. 1507, were awarded to the Capital
No other bids were
City Bank, Apalachicola, at 95.50.
Apalachicola, Fla.
Sale.
received.
—
Arkansas City, Kan.— Bonds Defeated. This city on
Nov. 21 by a vote of 135 to 222 defeated the proposition
to issue $20,000 water-works improvement bonds.
Atwood, Rawlins County, Kan. Bonds Voted Bond
Offering.— This city on Oct. 6 by a vote of 73 to 53 authorized the issuance of $10,000 5% 20-year water-works bonds.
Proposals for these securities will be received until 8 p. m.
—
Jan. 4 1906.
Battle Creek, Mich.
Bond Question Not to be Considered
at Present.
We are advised that the matter of calling an
election to vote on the question of issuing $250,000 water
bonds (see V. 81, p. 860,) will not be taken up until after
the spring election.
Bayonne, N. J. Bonds Authorized. The issuance of $50,000 4J^% improvement bonds has been authorized. Denomination $1,000. Date Dec. 1 1905. Interest January
and July at the Mechanics' Trust Co. of Bayonne. Maturity
Dec. 1 1911.
—
—
—The
State Comptroller on Dec. 7 registered $1,900 5% 10-20-year (optional)
school-repair bonds bearing date Sept. 1 1905.
Beaumont, Tex.
Bonds
Registered.
—
Beaver County (P. O. Beaver) Pa. Bond Offering.
Proposals will be received until 10 a. m. Dec. 18 by the
County Commissioners for $465,000 4% bridge bonds.
Denomination $1,000. Date Dec. 20 1905. Interest semiannual. Maturity $13,000 on Dec. 20 1906 and 1907;
$15,000 on Dec. 20 in each of the years 1908, 1909 and
1910; $16,000 on Dec. 20 1911; $17,000 on Dec. 20 1912 and
1913; $18,000 on Dec. 20 1914; $19,000 on Dec. 20 1915
and 1916; $21,000 on Dec. 20 1917 and 1918; $22,000 on
Dec. 20 1919; $23,000 on Dec. 20 1920 and 1921; $25,000
on Dec. 20 1922; $26,000 on Dec. 20 1923; $26,000 on Dec.
20 1924; $28,000 on Dec. 20 1925; $29,000 on Dec. 20 1926;
$30,000 on Dec. 20 1927 and $14,000 on Dec. 20 1928.
Certified check for $20,000, payable to the Treasurer of
Beaver County, required. Geo. W. Carey is Chairman.
Benona Township, Mich. Bonds Defeated. This township on Nov. 21 voted against a proposition to issue $10,000
highway bonds.
Bentcn County School District No. 9, Wash. Bond OfferProposals will be received until 10:30 a. m. Dec. 30 by
ing.
C. O. Kelso, County Treasurer, P. O. Prosser, for $1,000
10-year coupon building and furnishing bonds at not ex-
—
—
annually at the office of
Interest
County Treasurer.
Benzie County (P. O. Franfortj Mich.
—
An
News
bonds
interest.
lxxxl
Bond Election.
election will be held in this county in April to vote on a
proposition to issue $50,000 court-house bonds.
rfrt«VVVVVVVV\VWVV/VVS^VVVV»VV«AVV^AV«VVVVVVv*v.
1
6%
ceeding
[Vol.
—
Biloxi, Miss.
Bonds Defeated. The proposition to issue
$15,000 additional water- works bonds failed to carry at
the election held Dec. 5.
The vote was 1 19 for to 15 against
two-thirds of the qualified voters being necesssary to
authorize, while only about one-third was polled.
Bogus Brook (P. O. Princeton), Minn. Bonds Not Sold.
We are advised that no sale has yet been made of the $2,200
—
—
4%
bonds offered on Nov.
11
and described
in V.
81, p.
1131.
Brookville Township, Campbell County, Va. Bonds ProThe question of issuing $50,000 road bonds is being
considered in this township.
We are informed that it will be
several months before anything definite can be done in the
matter.
posed.
—
—
Canonsburg, Washington County, Pa. Bond Offering.
Proposals will be received until 7:30 p. m., Dec. 18, by W.
C. Black, Clerk of Council, for $20,000 4% coupon bonds.
Authority Act of April 20 1874, as amended April 13 1897
(Keller vs. Scranton 202, Pa., 586) and ordinance approved
Dec. 8 1905.
Denomination $1,000. Date Dec. 18 1905.
Interest semi-annually at the office of the Borough Treasurer.
Maturity $10,000 on Dec. 18 in each of the years 1915 and
1925.
Certified check for $200 payable to John T. McNary,
Borough Treasurer, required. Securities are free of State
tax.
lionded debt at present 874,600.
Assessed valuation
Actual valuation $1,850,000.
$1,697,433.
Cincinnati, Ohio.
Bonds Authorized. The City Council
on Nov. 27 authorized the issuance of 3200,000
hospital
bonds. Denomination $500. Date Dec. 1 1905. Interest
semi-annually at the American Exchange National Bank
of New York City.
Maturity Dec. 1 1935.
Bonds Proposed. An ordinance is being considered by the
City Council providing for the issuance of $425,000 viaduct
bonds.
Columbus, Ohio.— Bonds Authorized. The City Council
on Dec. 4 authorized the issuance of the following bonds:
—
3^%
—
—
$5,000
4%
coupon Erie Alley Improvement bonds. Denomination $1,000. MaturMarch 1 1936, subject to call March 1 1910.
Maturity March 1
coupon sewer bonds. Denomination $1,000.
ity
3,000
Ci%
1908. subject to call
The above
March
1
1907.
be dated not later than March
Interest semi-annually on March 1 and Sept. 1
securities will
1 1906.
at the office of the City Treasurer.
—
Coronado, Cal. Bo?ids Voted. This place on Nov. 27
voted in favor of issuing $135,000 sea-wall bonds.
Crowell Independent School District, Foard County,
Tex. Bond Sale. This district has sold to the State Board
of Education the $2,000 5% 10-20-year (optional) schoolhouse bonds registered by the State Comptroller on Nov.
29 1905.
Dawson County (P. O. Lexington), Neb. Bond Sale.
We are informed that the State of Nebraska recently purchased an issue of $30,000 4% refunding bonds of this county
—
—
Denomination $1,000. Date Nov. 1 1905. Inat par.
Maturity Nov. 1 1925, subject to call on any
terest annual.
interest-paying date.
East Orange, N.
Bids Rejected
J.
—Bond Offering. — The
following bids, all of which were rejected, were received on
40-year school bonds described
Dec. 11 for the $140,000
in V. 81, p. 1624:
John D.Everitt & Co. .New York. 104.66 W. J. Hayes & Sons. Cleveland.. .101 .28
Farson Leach & Co., New York. .104.577 Savings Investment & Trust Co.,
104.
Newark (for $50,000)
N. W. Halsey &Co., New York-.104.41
H. L.Crawford & Co.. New York. 104.178 N..I .Plate Glass lns.Co.(for$S,000) 104.
R. M. Grant & Co., New York. ..104.17 Fifth Ward Sav. Banklfor $5,000,103.58
...»<" 5.000.102.54
104.
Newark
Kountze Bros., New York
Jfor 5,000.101.52
If
102.06
Spitzer &Co., New York...
Bids are again asked for these bonds, this time until
Jan. 22 1906.
Elkhart County, Ind. Bonds Refused. Owing to certain
courtirregularities in the advertisement the $16,000
house bonds awarded on Nov. 23 to J. F. Wild & Co. of Indianapolis have been refused by that firm.
4%
—
Englewood, N.
awarded an issue
Halsey
&
Co. of
Date Dec.
ity Dec.
1
1935.
New
1
—
On Dec. 5 this city
Sale.
city-hall bonds to N. W.
York at 103.058. Denomination
Bond
J.
of $16,000
$1,000.
3^%
1905.
4%
Interest semi-annual.
Matur-
—
Following are the bids received
Everett, Mass. Bids.
Dec. 7 for the $10,000 4% coupon sewer bonds and the
$23,000 4% coupon sidewalk notes awarded, as stated last
week, to Jose, Parker & Co. of Boston and Lawrence Barnum
& Co. of Boston:
Sewers.
& Co.. Boston
Lawrence Barnum & Co.. Boston
Blake Bros. & Co., Boston
R. L. Day & Co.. Boston
Estabrook & Co., Boston..
N. W. Harris & Co., Boston
Farson, Leach & Co., Boston
E. C. Stanwood & Co.. Boston
Rudolph Kleybolte & Co., New York
Blotlset. Merritt & Co.. Boston...
Adams & Co., Boston
W. J. Hayes & Sons, Boston
Jose, Parker
S.
A. Kean, Chicago
ISS-25I
J9x?? 5
}2|-§5 n
9
}9§X§
JXoXX,
JRgXTn
Sidaralks.
Jx^-fiil
1
iXrSx 5
JSHVn
101.539
101.021
Joo
---}>!5v»«
-
Jxi ?£
!2iX?
--JxIS?
106.75
101.22
101.17
101.33
101.02
Falconer Union Free School District No. 6, Town of
Chautauqua County, N. Y.—Bond Offering.—
Further details are at hand relative to the offeringfon Jan.
Ellicott,
——
Dec. 1G 1965.
—
—
Interest May
and Nov.
at the First
Date Jan. 1 1906.
.Maturity SI .711) yearly on
National Hank of Falconer.
\ .. l from 1906 to L925 inclusive.
Certified cheek for
ho Hoard of Education,
10, payable to the Treasurer of
The district lias no debt at present.
required.
Assessed
valuation 1005 st;.~>7 V..V
Interest annually at the Bank of Kernersville.
Maturity
Authority for issue Chapter li Private Laws
20 years.
The town has no debt a1 present. Assessed valuaof 1905.
tion 1905 $252,931.
The validity of these bond.- has been
See V. 81, p.
passed Upon by the State Supreme Court.
I
1
1273.
.
—
I
issi
interest.
Maturity seri1905.
Interest semi-annual.
Date Nov.
ally on May 1 from 1906 to 1915 inclusive.
Galena School District No. 120 (Jo Daviess County,
—On Nov 28 the $18,000 1', coupon
111.
school-building bonds described in Y. si. p. 1571, were
arded to N. W. Harris & Vo. of Cnicag*
»18,193.
1
1905.
1
Bond
Ga.
Offering.
J
an
Bond Sale. On Dec.
bonds was sold at par and accrued
are da:
County,
additional details are at hand relative to the oil'erAugold school bonds.
ing on Jan. 2 1906 of $6,000 ','
thority. Act of Legislature of 1905.
Proposals for these
received until
12 m. on
securities will be
thai
day by
J.
1).
Dunwody, Mayor. Denomination $1,000.
Interest
1000.
Jan.
semi-annually at the Fourth National Bank, Atlanta.
Maturity thirty years, subject to
call $1,000 every five years.
Bonded debt, this issue. Assessed valuation 1906 $340,000.
Lincoln County (Wash.) School District No. 107. Bond
On Dee. 2 $4,000 10-20-year (optional) achoolbuilding and furnishing bonds wore awarded to V.'m. I).
FolPerkins & Co. of Seattle at 101.30 for :>< 2 per cent,..
lowing are the bids:
-
v
Kalb
Some
.
Fitchburg, Mass.
De
Kirkwood,
t
(
174
tiik oiikonicij:.
J
Proposals
8
1906 of 134,200,49! coupon school bonds.
fox these bonds will he received until 12 tn. on that day by
1'.
Mcniain. District Clerk.
F.
Denomination $1,710.
.200 :c_.<
—
.
I
1
—
—
M.
Bond Offering. This town
Dec. 5 by a vote of 71 to 5 authorized the issuance of
20-30-year (optional) w iter-works-improvement
$10,000
d- for these bonds will be received until
190
Jan.
Gallup, N.
">
;
Fur
w
Grand Island (Neb.) School
2.—Bond Offering.
District No.
i
!
_,
will
'
f<
inr
.
a
I'erklns
nls.
&
Co.. Seattle..*
I.e.,.'
Morris Bros., Portland...
1,036 C. ii. Coffin, Chicago.
.$4,081
4,005
—
—
1
Certi
Fiscal Agency in New York City.
.payable to the Secretary Board of Education,
the Nel
check
.5'
l>.
Bond Offering. Proposals will be reLogansport, Ind.
ceived until 2 p. in. Dec. 28 by D. A. Middleton, City
Comptroller, for $188,000 3J^% refunding coupon bonds.
Authority, Act of General Assembly approved March (i
1005.
1000.
Denomination $1,000. Dale Jan.
[ntei
Maturity $8,000
semi-annual at place to suit purchaser.
•yearly on Jan. 1 from 1907 to 1916 inclusive, and $108,000
on Jan. 1 1926, subject to call after Jan.
1910.
Certified
kfpr $5,000, payable to City Treasurer, required.
bo received until Jan. 15 1906 by 11. A.
Edwards, Secretary Board of Education, for the $60,000
10-20-year (optional) coupon school-building bonds
Securities are in denomination
voted at the election Nov. 7.
Interest semi-annually at
Date Jan. 1 1906.
of $1,000.
la
,,
Roberta Bros, Spokane
C. H. Coffin, Chicago
•")
1
uired.
i
Great Barrington
^Mass.) Fire District. — Bond Sale. —We
has
are
s ild
to
parties
ical
1
—
—
it
Long Beach, Cal. Bond Election. An electioi
is
siated. will be held on Dec. 22 to vote on the question of
issuing 810,000 wharf-protection and improvement bond.-.
the
Reservoir-dam and the $5,500 Berklair bonds, voted Sept. 15.
shire Heights
Proposals will be reGreensburg, Pa. -Bond Offering.
ceivt d
p. m. Jan. 8 1906 by the Borough Council
DenomF
funding and improvement bonds.
{27
Interest semi-annually in January and
000.
tbject to call after 10 years.
July.
Maturity 30 y
from tax. C rtified check for $500 required,
F,
tain
'
—
—
.
—
mi-annual.
Harmony Township School District, Beaver County, Pa.
: nng.
Proposals will be received until 7 p. m. Dee.
Bond
retary, for $28,886 70 h%
by Charles A H" school-district bonds. Denomination of bonds $1,000,
Interest
or -s-vi 70.
Date Jan. 2 1900.
semi-annually at the Ambridge Sayings & Trust Company,
Maturitv S886 79 on Jan. 2 1910, $1,000 vear'lv
Ambridg
on Jan. 2 from L91I to 1934 inclusive, aid $4,000 Jan. 2
Bonded debt at
Certified check for $300 required.
1935.
::•
Assessed valuation $2,341,600.
$44,500.
Harrington, Wash. Bonds Defeated. The proposition to
issue $23,000 water-plant-purchase bonds failed to carry
at the election held |Dec. 5, the vote being 53 for and 71
Ohio.
Bonds Authorized. The issuance of
Marion,
$30,000 park and boulevard bonds has been authorized.
Maury County (P. O. Columbia), Tenn. Bids Rejected.
No satisfactory bids were received on Dee. 5 for the $150,000
4% 10, 15 and 20-year coupon funding bonds described in
V. 81, p. 127:5.
Mercer County (P. O. Trenton), N. J. Bonds Authorized.
Local papers state that the Board of Freeholders has
authorized thi issuance of $7,950 bridge and $154,969 64
road 4% bonds.
Miami County (P. O. Troy), Ohio. Bond Sale. On Nov.
17 an issue of $22,700 5% ditch bonds was awarded to the
First National Hank of Troy.
Middlesex County (P. O. New Brunswick), N. J. Bonds
The Board of Freeholders has authorized the
Authorized.
issuance of $8,000 refunding and $30,000 road bonds.
Milledgevilie, Ga.
Bond Offering. Proposals will be received until 12 m. Jan. 10 1906 by the Sewer Commission,
Charles L. Moore. Clerk, for $20,000 5% gold sewer bonds.
Authority City Charter. Section 25, .State Acts approved
DenominaNov. 4 1889 and an election held Nov. 9 1905.
tion $10,000 bonds of 81,000 each and $10,000 bonds of $500
Date Feb. 1 1906. Interest annually on Jan. 1 at
ach.
the office of City Clerk and Treasurer.
Maturity $1,000
Certified
yearly on Jan. 1 from 1907 to 1020 inclusive.
Bonded debt,
check for 10% of the amount bid required.
including this issue, $51,100.
Assessed valuation 1905
again-t.
(equalized) 81 .320,000.
l;
valuation
Assessed
n1 $122,700; aoating debl $1 3,907.
David P. Hudson is
$6,273,490.
—
lie.
On Dec.
Grove City Pa. School District. B
10
15-year school-building bonds was
an
awarded to Lamprecht Bros. & Co. of Clevel md a1 in:;. 7-")
Denomination $500. Date Dee. 11
for 4 2 per cents.
—
i
'
190o.
Inti
•
-
—
—
—
1
—
x
—
We are advised thai this
Hazlehurst, Miss. Bond Sale.
city has sold an issue of $10,000 5% 6-20-year (optional)
For description of securities
ool, water and light bonds.
V.
81
p.
.
931.
—
Bonds
(Tex.i Independent School Dist.
registered
-Tin- State Comptroller on Dec.
10-10-vear (optional) school-!
nds bearing
dat,- April
1905.
\n election will
Independence, Kan. Bond Election.
be held in this citv "ii Dec, 19 to vote on the question of
10-20optional) bonds in aid
1,000 l'V;
iss
of the Pittsburg Independence A: Oklahoma R.R.
Hughes Springs
i
1
—
—
—
The following bids
Ironton, Ohio. Bond Sale.
reived on Dec. 12 for the $90,000 1% 20-year coupon
funding bond- described in V. 81, p. 1509.
,
/
Lake County, $40,000; Bi-' Stone. 812,000.
Villages— south St. Paul, $10,000; Wadena, $10,000; ErsXine. $3,000.
51,000; Lake l'orl. $700; Confrev, $400; Pom. Toy, $1,100;
Arthur, $1,000; Kroschel. S'.miii.
$3,000.
School Districtu
Blue l/arih, No. 113, $400; Roseau, No. -57, MOO; Mower. No?
iii,
129, No. 116. $200; Swift, No. 2, $6,000; Clearwater, No. 38,
1,600; Todd. No. 11.5, $(',(>(); Kittson,
$500; Roseau. No. 82, $700; St
No. 75. $3,500; Marshall. No. 13, $1,200; Swift. No
9; Clearwater, No. 5,
Big Stone, Independent No. 1, $9,500; St. Louis
$700; Otter rail, No. 175, $1,000;
No. 13, $3,500; Otter Tall. No. 268, $1,300.
Towns- Livonia
i
.
\\
liza
A
7U
r<»2
i
Firel
;
—
Olive, Wayne County, N. Q.—Bvi
ing.
Proposals are asked for (any time) by J. F. Ange for 85,000
5'
" bonds.
20-]
:
Murray Graded Common School District No. 35, Calloway
Ky. Bond Offering. Proposals will be received
Nat.
1000 for the J12.400
5-20-yi
m. Jan.
vote of
school-building bond- authi
a
to v at eli ction h< Id Sept
ination
I! a inej
ai- annual.
1
W
12
Newark, Ohio. Bond Sale. On I"
6,000
r; refunding bond- described in V*. 81, p. 1510, were
for
irded to the Franklin National Bank of N
until
.".'
p.
1
1
,
(optional)
HI
I
•
i
1
County,
'
v.
.
—
(P. O. Key West) Fla— Bond Sale.
the 860,000 ','
5-20-year (optional) school bonds
described in \. 81, p. 1063 were awarded t<> W. K. Todd
101
<V Co. of Cincinnati at
00
N
I
Monroe County
On Nov.
,
I
Well
—
Mount
I
<
— Bond
Issues.
According to the St. Haul
Dec. 6 the following loans were recently
approved by the State Board of Investment:
Minnesota.
" Pioneer Press" of
.
re-
192,512
01
—
—
.
—
—
—
.
11
—
—
,
Bank,
i.
2.1
•
I
I
I
l.'ni'
l.—l
Bond A
Jersey City, N. J.
$60. 0' in"
coupoi
tered refunding general and $300,000 F
rorized.
has bi
dated Jan. 2 1906 and will mature Jan. 1 1936.
,
i
,
funding
will be
Bond
Kernersville Graded School District, Forsythe County,
W. Harmon, Secretary and
D.
N. 0.—.Bond Offering
graded-school$4,000
Treasurer, is offering foi
Date, when
ued.
Denominati
VI
building bond-.
•">'
,
'
$16,409 80.
i
Defeated.
1
)ee.
i
]
—The propositito carry
bond
tional*
.
according to
Orange County
On
Dee.
ii
an
li
(P.
issue
failed
ical rep
O.
Goshen
oi
130,000
,
at
1200,000 addithe election held
N. Y. Hun,/ Sale.
court-house bond-.
I',
THE CHRONICLE.
1748
S. A.
\V. J.
Kean, Chicago
Hayes & Sons, Cle eland
%
Kean
offered but not sold on July 24, was awarded to S. A.
Following are the bids:
of Chicago at 100.50.
issue of $5,500 A}/
building bonds for $5,634.
Denom2
ination $500.
Date Nov. 1 1905. Interest semi-annual.
Maturity Nov. 1 1925, subject to call after Nov. 1 1915.
$.'iO,150|Newbureh Bav. Hk., Ncwbur;.'li-$30,026
30,105|Mlddletown 8av. ilk., Middleto'n 30,000
—
Roanoke, Va. Bonds Voted. At the election held Dec.
12 this city by a vote of 520 to 102 authorized the issuance
of $275,000 street, $100,000 sewer and $25,000 fire-department
bonds.
Maturity Jan. 1 1936. Date of sale not
Denomination $1,000. Date Dec. 15 1905. Inten
Maturity $5,000 yearly on Feb. 1
Feb. 1 and Aug. 1.
from 1907 to 1912 inclusive.
Portage, Wis.— Bond Sale.— On Dec. 5 the $20,000 4%
coupon bridge bonds described in V. 81, p. 1451, were
awarded to the First National Bank of Portage at 100.815
and accrued interest. Following are the bids:
First NiitioiKii Bank, Portage.. $20, 163 Thos. J. Bolder & Co., Chicago. S20, 075
N. w. Harris & Co., Chicago.. 20,156 Trowbridge & Niver Co., Chicago 20,011
s. A. Kean, Chicago
... 20,140 W.J. Hayes & Sons. Cleveland. 19,950
Pueblo, Col.- Bids. The following bids were received on
refunding sewer bonds
Nov. 27 for the $43,000 ±Y
2
awarded, as stated last week, to M. D. Thatcher:
$44,000 Splteer & Co, Toledo
M.D. Thatcher
$43,370
I
—
4%
yet determined.
—
Rochester, N. Y. Temporary Loan. This city on Dec.
12 awarded a $320,000 6-months loan, account of overdue
taxes, and a $100,000 8-months loan, account of local improvements. The bids received were as folio
s.
%
•
100.197 R. L. Day & Co., Boston
100.06 Blake Bros. & Co., Boston
100.05
—
Rutherford School District, Bergen County, N. J. Bids
Following are the bids received on Dee. 11 for
the $48,000 4% bonds described in V. 81, p. 1627, all of
which were rejected.
102.765 H.L. Crawford & Co.. New York. 101. 11
Dick & Robinson, New York
101.03
N. W. Harris & Co., New York.. 102. 194 Kountze Bros., New York
102.10 JohnD.Everitt & Co. .New York 100.571
S. A. Kean, Chicago
R. M. Grant & Co., New York... 101. 14
San Marcos, Tex. Bond Offering. Further details are at
hand relative to the offering on Jan. 8 of $8,000 school, 83,000
street and $1,500 repair 5% 15-40-year (optional) bonds.
Proposals will be received until 2 p. m. on that day by J. R.
Denomination 8500. Date Nov. 8 1905.
Porter, Mayor.
Bonded debt at present $29,000.
Interest semi-annual.
Rejected.
100.059
100.06
securities are described as follows:
The high-school
in denomination of $1,000, date Dec. 1 1905,
interest semi-annual, and the sundry-loan orders are in
denominations of one bond for $200, nine bonds of $500
each and nine bonds of $1,000 each. Date Dec. 1 1905.
—
Assessed valuation 1905, $1,170,190.
Reading, Mass. Temporary Loan. This place has negotiated a four months loan of $19,000 with Jose, Parker &
Co. of Boston at 4.63% discount and 10 cents premium.
River Park, Ind. Bond Sale.
month to E. M. Campbell
MEW
&
Bond
Sale.
N.Y.,
TAX BONDS.
Public notice is hereby given that sealed proposals
will be received by the Board of Trustees of the Village
of White Plains, N. Y.. on WEDNESDAY, THE
TWENTY-SEVENTH
OF DECEMBER 1905, at
the Corporation Rooms, Grand Street, in said village,
at 8 p. m.. for the following
Ninety-nine $1,000 tax bonds under Chapter 147 of
NEW YORK
Land-Title Bldq.
Detroit.
Philadelphia.
MUNICIPAL
AND
PUBLIC SERVICE CORPORATION
MEMBERS
BONDS.
NEW YOEK AND BOSTON
STOCK EXCHANGES.
Laws
of 1905.
Said bonds to bear interest at the rate of four per
cent per annum, payable semi-annually. Bonds to be
dated December 1, 1905, and shall become due and
payable forty years thereafter.
Each proposal must be accompanied by a certified
check on a State or National Bank or Trust Company
for five per cent of such bid.
Checks of unsuccessful
bidders to be returned to them.
The Board of Trustees reserves the right to reject any
and all proposals necessary to protect the interest of
the village.
By order of the Board of Trustees.
Dated White Plains, N. Y., December 4, 1905.
Penobscot Bldq.,
8 Nassau 8treet,
86 Congress Street,
BOSTON.
W. NOBLE & COMPANY,
H.
BANKERS,
DAY
STATE, MUNICIPAL, AND HI«H GRADE
K.AJI.ROAD SECURITIES.
RudolphKleybolte&Co.
60 State
OSALSK*
CLEVELAND.
F.
&CO
STREET RAILWAY
MUNICIPAL
AND
»7-2»
PINE
Interest Paid
VfBlStiT,
on
Dailvarcti
NEW
YOKfc,
Time Deposits
Trowbridge & Niver Co.
BOSTON,
CHICAGO,
Bank Bldg.
63 State
1st Nat.
BO^DS.
HIGH GRADE
LIST ON APPLICATION.
BONDS
SEAS0NG00D & MAYEB, INVESTMENT
o S OCkS
tv
mercantile Library Building,
ROLLINS & SONS.
BOSTON.
r
BUNDS stSck OEITIFICATES Municipal
lithographed,
Engraved an
steel or
or
printed and partly lithographed.
at
N.Y
San Francisco.
Chicago.
Blodget, Merritt
& Co
,
BANKERS,
16
;s<.
Congress
Street,
Boston.
NASSAU STREET, NEW YORK.
STATE. CITf & RAILROAD BONDS.
'
CORR SPONOENCE SOLICITED
CINCINNATI.
ALBERT
E. H.
Street.
MUNICIPAL AND RAILROAD
one hundred certificates and
ileal press $10; cheaper styles as low as
$2 so for a book of fifty.
B. KING & CO., 206 Broadway,
Corporation
BOiMDS.
Renyer.
BONDS.
CHICAGO.
Book
Service
MUNICIPAL AND PUBLIC SERVICE
LA SALLE STREET.
partly
Public
BOSTON.
Municipal Bonds.
171
HI
BONDS.
FULTON & CO.,
R.
I
MUNICIPAL, RAILROAD aof
LIST.
DENISON, PRIOR
Street,
BOSTON.
President.
SEND FOR
Burr,
INVESTMENT BONDS.
Clerk.
INVESTMENT- BONDS,
&
Perry, Coffin
JOHN J. BROWN,
PETER PAULDING,
Santa Barbara County,
INVESTMENTS.
INVESTMENTS.
DAY & C
LOAiMS.
PLAINS,
— On
Dec. 4 $2,500 6% school-site and
building bonds were awarded to the Win. R. Staats Co. of
Pasadena at 108.36. Following are the bids:
an
Co. of Indianapolis
§99,000
WHITE
Santa Maria School District,
Cal.
— This place awarded early
last
—
—
The
bonds are
Interest semi-annual.
d Awarded $100,000 of 6-months loan.
Russell County (P. O. Lebanon), Va. Bond Sale.
On
Nov. 25 the $12,000 coupon court-house-improvement bonds
described in V. 81, p. 1512 were awarded to John Nuveen
& Co. of Chicago as 4J/£ per cents and blank bonds.
Sundry-Loan Bonds.
ml Homls.
o Broadway Savings Institution, New York. S20.000 6-mos. at 4%.
d Bond & Goodwin, Boston for all 5% and $5 premium.
Goldman, Sachs & Co., New York, for all at 5%.
a Awarded as per bid.
—
Higli-Scli
—
{
!
Date Dec. 1 1905. Denomination $1,000. Interest
semi-annual.
Maturity Dec. 1 1925, subject to call after
Dec. 1 1915.
Quincy, Mass. Bond Sale. On Dec. 7 this~city awarded
$113,000 3.05% 6 1-3-year (average) high-school bonds
and $13,700 3.65% 1-10-year sundry-loan order bonds to
R. L. Day & Co. of Boston, the former at 100.197 and the
latter at 100.059.
Below is a list of the bids received:
R. L. Day & Co., Boston
Blake Bros. & Co., Boston
Estabrook & Co., Boston
[$100,000— 8-mos. at 4.25%
100.000 6-mos. at 4.25%
100,000—6-mos. at 4.45%
a Rochester Savings Bank, Rochester
43,700 Pueblo Savings Bank, Pueblo... 43,215
43,045
Walpole
Hume Lewis
N.
[Vol. lxxxi.
k
1
\: ecurities
U
Established lf»S5.
H. C. Speer
&
Sons
Co..
Corporation
Company First Nat, Bank Building, CMcs&o.
of Pittsburgh, fa.
CITY COUNTY
f
Paid up Capital $200,ooo.©»
AND TOWNSHIP
—
Dec. 10
Win u
W
Pasadena. 12,708 Merchants Tr. Co.. Los
2.695 Riverside Saw Uk. ,v
F Johnston
Vermilion County (P. O. Danville), HI.—Bond Sal
Dee. 12 the $100,000 I'
L-10-year (serial) funding bonds
10()5 were awarded to \
\\
Halsey & Co.
dated Oct.
and Mason. Lewis & Co. of Chicago. See V. 81, p. 1628
for descripl ion of bonds.
12,080
\
On
Riverside
Date Nov. 6 L905.
Denominations 11,000 and 11,500.
Maturity $1,000 on Nov. »i L913 and
Interest annual.
|] ,500 on Nov. 6 191 i.
South Brooklyn, Ohio.—Bond Safe. On Nov. '27 the (7)
coupon bends, nfrgivcating SI ,(>'.H>, d'-scrilicd
Issues of
were awarded to 1'. S. Briggs & Co. of
in V. 81, p. 13:
Washington, N. J.—Bond Sale. On Dec. 9 the $3,000
park bonds mentioned in V. 81, p. 1575, were BOld as
i
follows:
r .-v. Colo, bond No
,
..">.
Securities arc dated Now '_>< 1905.
Cincinnati for 112,190.
Bond Sale. We are jusl
B. C.
South Vancouver,
the Sot) .000 road bonds described In
vised that on Oct.
Y. 81, p. 1136, were awarded to Waghorn, Gwynn & Co.
of Vancouvi r at 100.10 for S per cents.
Spartanburg (8. C.) School District -Bond Sab:. We are
20advised that this district has sold an issue of $30,000 !'
These bonds were authorized by a vote
school bonds.
year
of 143 to 3 at election held Dec. 9.
ing
1
al
mo.r.o.
Bond
1
1000.
.Ian.
Offering.
1
[nteresl semifrom 1911 to
— Proposals
be
will
27 by the Board of Tn
Authority Chapter
tax bonds.
Date Dec. 1 1005. Interest semi\)ee.
40-year
1005.
bond offering
official notice of this
will be four:.!
among
—
Kan.
—
Woodward, Okla. Bond Offering. Proposals will be
received until 12 m. Dec. 26 1905 at the office of the Town
10-30 (optional) coupon waterTreasurer for $50,000
works bonds. Interest semi-annually at the fiscal agency
Certified check for
of the Territory in New York City.
F. H.
$1,000, payable to the Town Treasurer, required.
6%
Ga.— Bond Sale.—On Dec. 4 the £10,000
coupon electric-light-plant bonds described in V.
81. p. 1027, were awarded to Denison, Prior & Co. of Cleveland and Boston at 109 and accrued interest.
Tolland School District No. 13, Gilpin County, Colo.—
Bonds Voted Bond Offering. This district on Dec.
voted
Id
Racer is Town^Trcasurcr.
Wooster, Ohio. Bond Sale. We are informed that this
city has awarded at private sale an issue of $21,000 4% refunding bonds to Seasongood & Mayer of Cincinnati at par.
Denomination $500. Date Dec. 1 1905. Interest semiannual.
Maturity Dec. 1 1925.
—
,~>
(optional)
o-15-year
school-house
bonds.
Proposals for these bonds will be considered at
any time. B. ii. Davidson is President of the Board of
SI. 700
Directors.
MISCELLANEOUS.
INVESTMENTS.
OFFICE OF THE
Go,,
CORPORATION
ATLANTIC MUTUAL INSURANCE COMPANY,
New
BONDS.
York, January 20th, 1905.
The Trustees, in Conformity with the Charter of the Company, submit the following statement of
its affairs on the jisl of December, 1Q04
;
Salle Street, Chicago.
T
POTTER,
B.
MUNICIPAL
Total Marine
orikiriQ
DUIMUO.
172 Washington Street,
CHICAGO,
-
-
Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904...
Premiums on Polioles not marked off 1st January, 1904
Premiums
Premiums marked
and
CORPORATION
ILLS.
-
ofl
Specialists
in
New
Jersey Securities.
Losses paid during the year which were estimated
In 1903 and previous years
Losses occurred, estimated and paid in 1904
New York and Philadelphia
Stuck ixebaages.
757-75<> Broad
St..
AJ>U
and Sold.
Bills Receivable
the hands of European Bankers to pay losses under polioles payable In
foreign countries
Cash
In
IK'wi'O*.
*%
*HH.
Jacob Rubino,
ST.,
Drexel Eldg.,
NEW
BKOKKK AM) HKALKK
Aggregating
of
February
next.
The outstanding
certificates of the Issue of 1 899 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the •eveulh of February
next, from whloh date all Interest thereon will cease.
The certificates to be produced at
the time of payment, and canceled.
A dividend of Forty j>er cent If deolared on the net earned premiums of the Company
for the year ending 31st December, 1904, for whloh, upon application, certiiloatss will be Issued
on and after Tuenday, the second of .May, next.
By order of the Board,
G.
IN
(
Yeara Nought and Sold.
oiLLESP
STANTON FLOYD-JON KS,
Secretary.
TRUSTEES.
and
I".
JOHN M
$12,638,243 93
A dividend of Six per oent Interest on the outstanding certificates of profits will be paid
the holders thereof, or their legal representatives, on and after Tuesday, the seveuru
GUSTAV AM-INfK.
IN,
f!.AN( IJOHN N. BEACH
B. lloll.TON
THAT DO NOT NEED EE0EGANIZATI0H. Wll.l.IAM H. BROWN,
7KRNON
ItltoWN,
WALDRON
Atlantic Mutual Insurance Company Wcrlp
IIAI'MAN,
I'M II.
el All
241,710 47
351,301 69
Bank
Y0BK,
Railway Bonds, Guaranteed Stocks
other Investment Securities
1,020,087 28
in
to
HAVES & SONS.
'I.;V *l 4 Hit,
226,513 19
R63.569 08
Premium Notes and
PUBLIC FRANCHISE CORPORATION
BUNDS
J.
$142,418 20
84,094 99
Returns of Premiums and Expenses, $405,721 91
Cash
NEWARK.
llouyhi
$318,124 29
771,957 98
The Company has the following Assets, viz.:
United States and State of New York Stook; City, Bank and other Securities
$5,243,600 52
Speolal deposits In Banks and Trust Companies
1,417,543 97
Real Estate oorner Wall and William Streets and Exchange Place... $4,289,000
Other Real Estate and Claims due the Company
75,000 4,364,000 00
BANKERS,
MLMUjVaL
from 1st January, 1904, to 31st Deoeraber, 1904
$3,016,978 35
$275,926 58
$3R3,074 72
Taxes
107,148 14
$1,090,082 27
of
Private Wires to
N. Y. & Philadelphia.
$3,633,494 92
„
Less Salvages
Re-insurances
EiSELE & KING,
Members
$2,909,343 08
724,151 84
Interest received during the year
"
"
"
Rent
less
LIST ON APPLICATION.
Room
i
i
Bond Sale. This city has sold at par
School Fund Commissioners an issue of S45,00O
1% 1-10-year (serial) refunding bonds. Denomination
Date Nov. 1 1905. Interest semi-annual.
$500.
Tallapocsa,
BROAD
of
and
Village Clerk.
Wichita,
—
3
4%
">
."..
to the Slate
Swissvale (Pa.l School District. Bond Election.
An
election will be held to-day (Dec. 16) to vote on the question
of issuing $50,000 school bonds.
W.
N m.
100.8'
the advertisements elsewhere in this department.
1
La
is
The
—
Debenture Offering.
Proposals will be
Ont.
received until Dec. 20 by S. Founder, Town Treasurer, for
$23,500 4 ..', school debentures dated Dec. 21 1005 and
maturing part yearly for twenty years.
171
Laws
147,
;
MUNICIPAL AND
bond
i;
annual. Certified check for 5% of bid, drawn on a State
or national bank, or trust company, required. Peter Pauld-
—
&
SOO.000
for
,
MacDonald, McGoy
:
al
100. >
White Plains, N. Y.
received until 8 p. m.
Staples Independent School District No. 78, Todd Countyl
Proposals will be received unti
ring.
Minn.-/)'
3 p. m. to-day (Dec. 16) by H. W. Barrett, Secretary, for
Intei'c".-year
refunding bonds.
SS.000 4'
Certified check for $200 required.
annual.
issue
atllOO
00
at
i
Dale Jan.
Denomination $500.
Maturity $500 yearly on
annual.
1916 inclusive.
,
—
- iOO
I
Peter R. Wlllen, bo
Irehle Lance, bond \o.
I
—
.
r,
1
Sudbury,
;
1
—
•">'
to
1710
THE CHRONIGLE.
1905.1
Lts&Oo
B1
— ——
—
—
—
UtK.
GKOK'.
0OKNE1JI
WALL
;kt,
y l.i:i
HKRIihUr
L.
I
MANN,
GRIGGS.
IHNT A uiuscoat,
IN
W.
II
A
HI),
Mo KIMS K. JBSUP
I'll KUDO KB
JOHNSON,
I'.
LKW1S CA8S Kin A !U>.
KKANCIs II. LBGOKTT,
I.
AiU.hI.KANHKIl
II
1
UholtOK
'
11. 11.
LtCVttKlCH,
N. I.OVKI.I,,
II.
IIAKI.I—
W.
I)
:.
M \CV
MARSH
MOOItK
U.I.,
[OLA8
PALMBR,
FtV PAKI
B-RBDHRIC \ I'Ml-ONB,
DALLAS .: PB \
yUlNTARD,
A. A. HA>
I'.
ItlKKK.
JOHN
DOUGLAH KOBIN8ON,
I.
(1USTAV
-
II
Willi a j
r:a.
RAVEN, President.
CORNELIUS ELDEST, Y ice- f res
THKO. P. JOHNSON, ad Vice-' rcs't.
A. A.
1
No. 518 Atlantic Building,
4951 Wall
Street,
NEW
YORK.
1.
JAS. L.
LIVINGSTON,
yrf
VicePre*'
THE CHRONICLE.
1750
Yakima County School
District No. 54, Wash.- -Bond
bo received until 1.0:30 a. in. Dec.
30 by Lee Tittle, County Treasurer, P. O. North Yakima,
for $7/l.s9 coupon 15-year funding bonds ;it not exceeding
6% interest. Interest annually at Hie. office of the County
Treasurer.
Offering.
— Proposals
W.
will
4'.,
and Boston . .
3,589 25
Lamprecht Bros. & Co.. Cleve. 3,578 40
Cummlngs. Toledo. 3,575
The Security 8a V. Bk. & Tr.
iioehier
•
All the
May
11
1895.
,
Will, Ifoth
above bonds are
purchaser on
to be delivered to
— Proposals
be received until 8 p. m. Dec. 20 b}^ J. H. Claxton,
Secretary Hoard of Education, for $106,000 4% registered
Authority Chapter 543 Laws of 1899. interest
bonds.
semi-annually on Apr. 1 and Oct. 1.
Maturity $15,000
yearly on April 1 from 1923 to 1928 inclusive and $16,000
April 1 1929.
Certified check for 5% of the amount of
bonds bid for, payable to the Treasurer of the Board of
will
Education, required.
—
Youngstov/n, Ohio. Bond Offering. Proposals will be
received until 2 p. m. Dec. 26 by Win. I. Davies, City
Auditor, for the following bonds:
$2,735
5% Cliff Street grading bonds dated Jan.
from 1907 to 1911 inclusive.
Oct.
5% Lydia Street sewer bonds dated Jan.
1900. Maturity $547 yearly on
1
l
600
1,345
190G. Maturity $120 year v on
Oct. 1 from 1907 to 1911 inclusive.
sidewalk bonds dated Jan. 1 19()(i. Maturity S2G9 yearly on Oct. 1 from
1907 to 1911 inclusive.
1
5','
Interest will be payable semi-annually at the office of
Purchasers must be prepared to take
the City Treasurer.
the bonds not later than Jan. 2 1908, the money to be
delivered at one of the city banks or at the office of the
A certified check on a Youngstown bank
City Treasurer.
for 2% of the amount of bonds bid for, payable to the City
Auditor, must accompany proposals, which must be made
for each block separately.
Bond Sale. On Dec. 8 the (8) issues of bonds, aggregating $57,405, described in V. 81, p. 1628, were awarded to
'tr.
<t
Co., Cincinnati
a
Hayden, Miter
<
C
^^
ND
A
TlllE
GUARANTEE
andYRUST COMPANY
146 Broadway, New York.
175 Eemsen Street, Brooklyn.
M'f'rs Branch, 198 Montague St., Br'klyn.
Examines & guarantees Real Estate Titles.
loans Money on Jiond and Mortgage.
Furnishes Mortgages
to Investors.
Receives Deposits subject Co check, allowing
all
Trust
i><
Co., Cincinnati
Cros. -II nil B
S72
00
H.
-
-
J.
16,200 00
Crust A: 6. Dep
Cincinnati
..585 00
Hi, 171 65
Boston..
Market Street Bond* C$3,500.)
E. ii. Roiiins & Sons, Chicago 16,165 50 W. J. Hayes & Sons.
;3,C38 00
The Dollar Sav. <t
Denison, Prior A; Co., Clever.
Co.,
Voungstown
land and Boston
10,165 00
3,630 25
nlral Tr. A s. In ;,. Co.,
The Mahoning .National Bank
Toledo
16,123 50
Youngstown
3,025 00
Denlson, Prior & Co., Cleve.
Lamprecht Bros. A: Co., Cleve. :;,oi6 55
and Boston
.
...16,11925 Hoehler A- Cummings, Toledo. 3,014 00
Parkinson A: Huir, N. Y
16,107 00 The Security Sav. Bk. & Tr.
Lamprecht Bros. <v Co.. leve 16,104 00
Co., Toledo .... . .
3,000 00
mini Sav. Bk. <V Tr. Co., Cin 16,085 00 Weil, Both 4 Co., Cincin
3,591 00
Albert KleybOlte & Co., Cin
10,0119 50 Hayden, Miller a- Co
3,570 70
F. L. Fuller & Co., Cleveland 16,050 00 The Central Tr. A- S. Dep. Co.,
Hayden. Miller & Co., Cleve. 16,013 20
Cincinnati
3,569 75
\V. K. Todd & Co., Cincin. a. 15,150 00
McGulJey Street Bonds (85,300.)
W. 3. Hayes A; -oris, Clove. __ 5,571 00
Park Bonds ($22,00
Haves & Sons, Cleve-- $24,414 00 Denison, Prior 4 Co., Cleve.
W. J.
and Hum in
Seasongood >t Mayer, Clncln. 24,384 50
5,560 25
The Central Tr. & S. Dep. Co.,
The Mahoning National Bank,
Toledo
24,312 501
Youngstown
5.550 00
Denison, Prior & Co., Cleve.
Lamprecht Bros, ft Co Cleve 5,538 48
24,245 50| Hoehler ft Cui nines. Toledo. 5,532 50
and Boston
Weil, Both & Co., Cincin
24,245 00 The Security Sav. Bk. ft Tr.
Co., Toledo
The Dollar Sav. & Tr. Co.,
5,525 00
Younastown
24. 210 94 Weil, Both A- Co., Cincin
-.
5 520 00
24,202 42 Hayden, Miller 4 Co
Jackson 4 Curtis. Boston
11 00
The Central Tr. 4 S. Dep. Co.,
The Security Sav. Bk. A: Tr.
24,200 00
Co., Toledo
Cincinnati .
5 439 32
24,200 00
Gm
F. L. Fuller & Co., Cleve
E. H. Rollins & Sons, Chicago 24,180 00 W. J. Hayes 4 6
00 50
Hoehler & Cummings, Toledo. 24,167 00 The Mahoning .National 3ank,
24,124 10
Parkinson & Burr, N. Y
Youngstown ...
4,100 00
J. amorec.ht Bros. & Co., Cleve 24,081 20 Denison,
Prior A: Co., Cleve.
and Boston
The Union Sav. Bk. & Tr. Co.,
4 002 50
24.046 00 Lamprecht Bros. A: Co., Cleve. 4,076 30
Cincinnati
Albert Klevbolte A- Co., Cin_. 24,008 60 Hoehler 4 Cummings, Toledo.. 4 067 25
Hayden, Miller & Co., Cleve._ 23,831 94 The Security Sav. Bk. A: Tr.
Co., Toledo
W.'R. Todd & Co.. Cincin.. .a 22,300 00
4.047 00
Roth
.v
Co., Cincinnati .16,1"
Ms,
-
'
'J
(
t
;
Weil, Roth <v Co.. Cincin
4.033 00
Hayden, Miller & Co.. Cleve.. 4,003 00
The Central Tr. & S. Dep. Co..
Cincinnati
3,945 00
a For 4 per cents.
CO.,
New York.
ACCOUNTANTS.
LYBRAND,
ROSS BROS &
MONTGOMERY
Public Accountants'
Certified
(Pennsylvania)
Stephen Glrarct Building,
PHILADELPHIA.
Wall Street Exchange Building,
SEW VOKK.
WM. FRANKLIN HALL,
Accountant,
CO., Limited,
Hill, Cannon St.
CO., Limited,
Exchange
Buildino-,
*ee
BOSTON, MASS,
53 State Street.
oooke audited. Examinations and investigations conducted with the utmost
care and eilloiency.
Principal Philippine Office, Manila, P.
I.
BneTnv «
KERR,
J. C.
CERTIFIED PUBLIC
ACCOUNTANT
WASHIN3T0N LIFE BUILDING,
141 BROADWAY,
CHARLES A. PKABODY,
JACOB
W.
Montreal.
.
3.500 00
Dep.
S.
Co., Toledo
CANADIAN CORRESPONDENTS:
H. NICHOLS.
JAMH.S H. OLIPHANP.
&
50
00
Bank,
.National
'trust
00
00
50
oo
00
00
1
I,.
.
A.-
CANADIAN WHITE
WILLIAM
Cincinnati
i
:
WHITE &
ALEXANDER E. ORE, Chairman.
EDWARD T. BKDFORD.
CLARENCE H. KEbSEY.
EDGAR MARSTO.N
3,608
3,504
3.502
3,501
.
25
and Electric
Fower Plants Financed, Designed and Built,
In Charge of Bunking Interests.
* Co.,
3,507 75
•
3 491
i
Eleotric Railways, Electric Light
FINANCE COMMITTEE:
Roth
The Mahoning
3.557 80
Youngstown
p.
($15,000)
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.
J. G.
22a College
$:i,514 75
land
Hayes 4 sons. Cleve
$610
Seasongood
Mayer, Clncln. 16,25
Lamprecht Bros. A: Co., ' leve
601
loehli
I
igs, Toledo 16.267 50 Hayden, Miller A: Co., Cleve..
600
The Security Sav. Hk. <\
Hoehler A- Cummings, Toledo... 600
43-49 Exchange Place,
business.
Toledo
Well,
LONDON CORRESPONDENTS:
Company
(83,500.)
i
4 Co., CH m
and Boston
The Se'ty Sav. Bk. & Tr.
'rural
Engineers, Contractors,
Interest.
Hoes
/so;, da
Hayi
on, Prior
•
Ha
J.
WHITE &
G.
J.
.;.
i
ENGINEERS.
$10,000,000
w.
(jo
—
MISCELLANEOUS,
are the
3,570 00 Hoehler a Cummings, Toledo
3,564 00 Lamprecht Bros, & Co
'
8av.
i>ii'
W.
v. ell.
Y .—Bond Offering
._
CO., Cini
&
The Central
Authority Section 16 of Title 7 of City Charter
Dale Dec. 26 1905. Maturity i eb. 1 1908.
Dec. 26 1905.
Yonkers School District, N.
<t
TDledO
'
highway Improvement bonds. Authority Chapter 294, Laws of 11)0.5.
Date Ore. L!(, l'J05. Maturity S.,,0U.'l yearly oil April
from 1907 to
ed
Following
re-Department
I
4
1
14.700
Cleveland.
i
the following bonds:
1910 inclusive.
assessment bonds.
of
l'et- 1 louse Honda (f
SO
w. J. Hayes Sons, Cleveland»3,694 50
Denlson, Prior <v Co., Cleveland
—
•}',,
& Son-
Hayes
J.
bids:
Yonkers, N. Y. Bond <)jj< ring. Proposals will be received until II a.m. Dec. 18 by John II. Coyne, Mayor, for
$20,000
jVOL. LXXX1.
SCHIFK.
THE SOUTH.
Opportunities, Investment
JAMES SPEYER.
EDWARD O. STANLEY.
CLAILENCE H. KELSEY, President.
FRANK BAILEY, Vice-President.
EDWARD Manager Banking 2d Vice-President.
O. STANLEY,
Department.
CLINTON D. BUB.DICK.3d Vice-Pres.
J. WRAY CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
FRANK L. SNIFFEN, Mgr. Mnlrs' Branch.
ESuslnesn
Securities,
Real Estate, Timber, mines.
Industrial Properties, Farm or Town
Mortgages in all parts of the South.
METROPOLITAN INVESTMENT
QKO. B.
CO..
all
Firm
of
NEW YORK.
W. F.WEISS,
CEUTIFIED PITBLIC ACCOUNTANTS
128 Broadway, New York.
TKLKPUON1S—87 68-8769 CORTLANUT.
EDWARDS. President, Charleston, 8.C.
Commercial and Financial Agt. Business undertaken In
TELEPHONE 6W-12 COKTXANDT.
parts of the world. Satisfactory references.
LOOMIS.CO^ANT&OO.
ACCOUNTANTS
CERTIFIED PUBLIC
30 Bread Street X'ew York.
Tel, 4P5S
ONE PIECE OF PAPER GOOD THE WORLD OVER
Are You a
Money Order
Bank ?
The standard, uniform Money Order of the
Bankers' Money Order Association is now &
familiar feature of Amerioan banking. This
the only system at the service of banks
absolutely Free of Charge, Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
North Africa and Australia. The most
flexible
medium of exchange in
make to the public
use.
AU
ANKERS' MONEY ORDER ASSOCIATION,
Discount BnHl<!Ina.
Street,
Tel. 43rtl
'!;
3-315 West 59th * treat.
Illinois
),
NEW YORK.
John.
JAMES PARK &
CO.,
CERTIFIED PUBLIC ACCOUNTANTS
52 Broadway, New York,
234 LaSalle
Street, Chicago.
OTTO JULIUS MERKEL
BROKER
W1UTK »OK PARTICULARS TO THE
oi
(New York and
56 Pine
are your
own profit.
Bank
ALFREDPUBLIC ACCOUNTANTS
ROSE & CO.,
CKUTlirlKD
is
charges you
Broad.
Now
44 AMI) 46
Yavls.
WALL
ST
NEW YORK
INVESTMENT SECURITIES.
Corr
pondenee invited
@FedFRASER