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Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
State and City Section (semi-Ammaiiy)
Street Railway Section (T^tZTes)h
E n tered a cco rd in g to A c t o f C ongress, in tile y e a r 19 0 4 , b y W il l ia m B. D an a Co m pan y , in tb e office o f L ib ra ria n o f C ongress, W a sh in g to n , D . U:
A weekly newspaper entered at P ost Office, New Y ork, as secon d-class m atter—W
VOL. 79.
SATURDAY,
B. D a n a C o m p a n y , Publishers, 76 ^ P in e St., N. Y.
il l ia m
DECEM BER
17,
1904
NO. 2060.
W e e k e n d in g D e c e m b e r
Cleartongs at—
© fo w r a ic c.
1
PUBLISHED WEEKLY*
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B ank and Quotation (monthly)
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©ANA COMPANY, Publishers,
P in e S treet, C orn er o f P e a rl S treet,
P ost Office B o x 9 5 8 .
NEW Y O R K ,
CLEARING HOUSE RETURNS.
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, Dec. 17, have
been $2,955,143,453, against $3,289,070,592 last week and
$2,073,300,131 tbe corresponding week last year.
C le a r i n g s —R e t u r n s oy T e le g r a p h .
W e e k E n d i n g December 17.
1904.
New York..............................................
Boston...................................................
Philadelphia,........................................
B altim ore................. ...........................
Chicago.................................. ...............
SL L ouis................................................
New Orleans............................ ...........
*1,032,440,739
132,048,042
108,968,379
22469,448
168,578,228
51,450,787
20,984,373
$995,875,277
110,102,140
97,176,994
19,896,938
153.093,031
45,769.769
19,923,337
+63-9
+19*9
+12*1
+12*9
+101
+124
+5*3
Seven cities, 5 days.......................
Other cities, 5 days....................... .
Total all cities, 5 days...................
All cities, 1 d a y ....................................
$2,167,939,996
321,079,982
$1,411,837,492
270,941,873
+50*4
$2,489,019,978
466,123,475
$1,712,779,365
360,520,766
+45*4
+29*3
Total all cities for week................
$2,955,143453
$2,073,300,131
+42*5
190 a
P. C e n t .
+18*5
The full details for the week covered by the above will be
given next Saturday. We cannot furnish them to-day, clear
ings being made up by the clearing houses at noon on Satur
day, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur
day noon, Dec. 10, and the results for the corresponding
week in 1903, 1902 and 1901 are also given. Contrasted with
the week of 1903 the total for the whole country shows a gain
of 50-0 per cent. Outside of New York the increase over 1903
is 20*7 per cent.
W e e k e n d in g D e c e m b e r
C le a r i n g s a t —
New Y o r k ....................
P h ila d elp h ia ...............
Pittsburgh....................
B a ltim o re ....................
B u ffa lo .........................
W ash ington .................
A lban y...........................
R o ch e ste r....................
S c r a n to n ......................
Syracuse ......................
W ilm in gton .................
W ilkes Barre..............
W h e e lin g .....................
B in g h a m ton ...............
Greensburg..................
C h ester........................
Erie ....................... ...
Franklin, P a ...............
R e a d in g .......................
T ota l M iddle............
1904.
1903.
In c . or
D ec.
10.
1902.
190L
$
$
%
$
$
2,245,165.463 1,328,929,423 +69'0 1,371,026,235 1,662.949,755
152,880,052 102,372,719 --4 9 3 108,009,506 110,548.734
47,626,170
36,6S0,427 --29*8
37,680,938
42,507,253
23.410,912
21,322.371 +33*2
22,557,663
2-1,279,065
8,031,739
6,895,318 +16*5
7,022,352
0.672,132
5,600,042
4,320,925 --29*4
4,369,841
3,188,831
4,627.307
3,624,866 --27’7
2,952.070
5,795,027
3,315,600
2.458,271 +34-9
2,592,642
2,130.300
1,681,191
1.591,993
+56
1.845,089
1,175.848
1,306,722
1,273,009
+2-6
1,244,344
1,244,927
1,068.119
1,157.371
-7 -7
1,323,464
1,009.238
1,056,229
839,199 +25*9
746.607
809.153
769,094
655.224 + 17 4
780,483
705.153
475 100
443,800 + 7 0
401,100
390.900
468,500
477,664
—1*9
442.607
874,520
488.630
545,560 —104
420,031
295,707
569,607
439,563 +29*6
314,012
187.861 +83*1
1,023.324 Not include d in to tal.
2,503,884.627 1,514.222.224 +65*4 1.502 916,328 1,804,076,559
1904.
1903.
In c. or
D ec.
10
1902.
1901*
$
155,548,757
7,694,400
2,967.469
2,115,651
1,579,193
1,399,921
1,675,342
742,743
476,414
559,377
549,702
175,308,969
$
131,011.980
7.230,900
2,528,292
1,888,896
1.630,128
887,721
1,630.037
1,037,309
481,585
649,939
508.951
149,485,738
%
+18*7
+ 6 '4
- L17'4
r12’0
-3 1
+ 57 7
+28
-28*4
-1*1
-13*8
+8*1
+17*3
$
138,807,029
6,863,200
2,795.528
1,819,751
1,513.715
1 611,702
1,324,067
1,098.006
535,822
488.783
327.554
157,154 217
209,738,130
Chicago............
26 854,300
Cincinnati.......
13,574,758
C lev ela n d .......
11,242,936
D e t r o it ............
9.978,872
M ilwaukee ..
7,632.381
Indianapolis...
5,459,600
Colum bus........
4,905,904
T o le d o ..............
4,125.209
P e o r ia ............ .
2,054,827
Grand R apids.
1,712.972
D a y to n ............
1,535,371
E v a n sv ille . . . .
602,500
Akron..
1
899,610
Springfield, IU .
506,531
Y oungstow in ...............
cou n g stow
964,532
K alam azoo..................
672,810
L exington ............ —
594,204
Canton.........*................
538,553
R o c k fo r d ............. .... ..
381,645
Springfield* O...............
439,720
B lo o m in g to n ..............
383,877
Q u in c y ....................... .
831,216
D e ca tu r............................ ;
269,805
M a n sfield ....................
275,252
J a ck s o n v ille ...............
218,196
Jackson........*..............
127,574
A nn A r b o r ................. .
306.021,285
T otal Mid. W estern
176 589,901
22,255,550
14,089,474
9.222,389
8,763,137
6,286,508
4,484,900
3.289.729
3,731,795
1,952.412
1,709,446
1,310,220
667,000
721,863
715,819
702,354
551,318
572,230
440,966
390,481
378.886
332,059
265.201
216,595
222,849
198,317
86,410
260,847,854
+18*8
+20-7
-3*7
-13*3
-13'9
1-2T4
-21*7
-49'1
-10*6
+5*2
+0-2
+17*2
—9*7
4-24-7
-29*2
+37*3
+3*8
+22*2
-2*3
-16*1
-15?
-24*9
-246
-23*8
{-10*0
(-47*0
+17*3
163.584,463
23.214,250
14.504,797
10,686.733
8,163,690
5,879,706
4,581,950
2,991,633
3.381,789
1,647,262
1,503.581
1,002,313
652,300
597,134
648.736
787.252
640,852
433,134
650,679
855,580
S2S.801
360,639
261,117
197,552
169,240
181,114
157,882
247,564,679
60,000
175,968
199,868
75,074
244,285,952
San F ra n cis co .
L os A n g e le s....
Seattle...............
Salt Lake City..
P ortland...........
S p ok an e............
T a c o m a .............
H e le n a ..............
Fargo..................
Sioux Falls.......
T ota l Pacific.
30,495,995
9,142,293
4,381,771
4,110,233
4,062,376
3,004,306
3,213,105
710,977
941,760
348,960
60,411,836
26,799,701
7,938,801
4.135,104
4,248,114
3,822,518
2.200,848
2,170.885
897,218
780,417
321,319
53,315,226
+138
+15 2
+5*9
—3'2
46*3
+36-5
+48-0
-20*8
+20 6
48 '4
+13*3
28,507,459
5,611,702
4,392,066
4,211,266
3,538.683
1,992.294
2,132,140
858,881
691.641
278,613
52,214.745
25,238.109
4,105,954
2,972.257
4,404,516
3,544,240
1,665,688
1,172,726
743,604
585.882
322,379
44,395,355
Kansas City..........
M in n e a p o lis.........
Omaha....................
!
St. Paul..............
SL Joseph...............
D e n v e r ...................
D es M oines............
Sioux C ity .............
T o p e k a ...................
D avenport ............
W ich ita..................
Colorado Springs..
F r e m o n t ...............
Cedar Rapids........
T otal oth er W est’rn
24,954,659
21,620,617
23.972,576
16,930,910
8,591,686
7,448,759
6,854,038
0,682,955
5,153,268
4,234.176
5,984,727
4,510,733
2,935,539^
2,259,823
1,808,356
1,350 348
1,049,527
1,447,509
943,422
880,733
1,029.550
913,978
650,000
588 550
273,918
146,295
512,045 N ot include
84,201^61
60,015,386
f-15*4
21,141,600
-41*6
17.104,606
-15*3
7,313,850
{-25*7
6,990,014
-21*7
5,057.405
-32*;
4.294,992
-29*9
2,376,643
-33 9
1,742,742
-27*5
1,599,098
47*2
860,000
_ -127
519,901
572,263
- -10*4
4-86*8
160,690
d in to taL
+22*0
69,766,804
20,644,509
19,324,077
7,168,088
6,077,159
5,942,280
4,486,242
1,875,920
1,672,290
1,392,400
1,136.509
535.144
1,000,000
201,920
B o s t o n .........................
Provt d on ee..................
H a r tfo r d ....... *............
New Haven*................
S pringfield...................
W orcester....................
P ortland.......................
Fall R iv e r ....................
L o w e ll...........................
New B ed ford ........—
H o ly o k e .......................
T ota l New England.
+220
%
143,155,229
6,981.800
2,974,148
1.876,210
1,851,170
1.699,407
1,449,101
1,680,092
667,476
522,285
405,889
163,288,816
164,038.293
20 269,600
14,241,287
14,269,900
7,604,755
5,237,797
3,641,050
2,633,409
3,213,896
1,495,117
1,340,792
1,026,532
607,200
577,214
562,543
506,616
550,728
404,654
465,791
435,947
341.375
80-4,546
71,456,545
63,991,756
56,400.522 +13*3
53,998,632
48,132,556
SL Louis......................
28,640,250
25,501,301 + 1 2 3
17.952,944
16.398,847
New Orleans..............
11,643,200
11,457,256
10,419,952
10,844,503
Louisville^................
41-6
8,727,543
9,468,706 -7 *8
7.122,292
6,622,743
H o u sto n .............. .
5,141,000 424*6
6,407,500
5,403,000
Galveston...................
4,325,600
5,665,348
4,442,107 +27-5
4,828,344
4,258,138
Richmond....................
5,056,609
4,852,648
4-4*2
4,266,044
Savannah....................
4.370,591
7,319,134
7,914.583 —7*5
4,171.820
5,484,937
M emphis....................
4,071,756
3,951,550
3,338.408
48*0
3,230,501
Atlanta...................... .
3,145,198
2,919,977 +6*6
2,259,628
1,754,734
Nashville........ ..........
2,386,340
2,176,604
Norfolk.......................
1,732,44?
1,671.500
49-0
2,356,462
1,979,384 - -190
1,511,60S
1,584,753
Fort W orth.................
1,484,777
1,272,760 - -16*7
1,277,372
1,190,584
Birmingham..............
1,237,734
K n oxville...................
1,064.299 - -16*2
902,451
655,317
1,893,994
2,093,821
—9*5
1,640,939
2,282,070
Augusta......................
1,419,302
1,459,004 —2*7
1,098,994
1,186,815
Little Rock.................
1,361,784
1,333,914 +2*1
Charleston.................
560,958
1,009,000 -44*4
723,000
Macon..........................
771,000
949,883
900,000 + 5 5
500,648
631,000
Chattanooga..............
Beaumont................... W eekly figu res n ot aval lable.
1,083,082
800,293 +27*8
417,302
475,893
Jacksonville..............
322,541 N ot Include d in to ral.
Columbus, Ga............
159.242,614 140,128,529 49*0 118,243,091 121,198,553
Total Southern......
Total a ll................... 3,289,070,592 2.193,055,157 +50*0 2.207,859,503 2.508.681.780
Outside New Y ork .. 1,043,905,129 864,125,734 +20*7 835,833,178 845,732,025
Ca n a d a —
M ontreal....................
T o ro n to ......................
Winnipeg....................
H alifax.......................
Ottawa.........................
Q uebec.......................
Vancouver..................
Hamilton....................
St. John.......................
London .......................
V ictoria......................
Total C anada.........
28,541,151
22,507,792
9,846,11]
2,187.128
2.7S6.900
1,71
1.454,173
1,513,454
1,283,337
1,180,024
627,536
73,757,312
21,822,222
18,263,049
6.919,970
2,187,445
2,191,803
1,509,010
1,377,040
1,234,408
1,073,950
811.425
-S0‘8
H
8 -23‘6
4-42*3
-0*01
+27-2
+12'?
456
-22'6
H
-19*6
H
-45
H 5
-0 -5
58,081,095 +27'0
19.232.007
16,740,279
5,438.802
1,030,703
2,026,420
1,601,847
1,053,535
1,042,124
912.637
764,810
681,167
51,124,391
10.313,692
15,844,300
4.820.389
2,000,000
1,795,140
1,580,153
905,573
864,933
871,890
876,355
48,878,436
T H E CHRONICLE
2GG2
THE
F IN A N C IA L
SITUATION.
The disturbance in the security market that prevails is
not much of an enigma. Though somewhat complex,
the solution seems to be on tbe surface. The previous
speculation and liquidation are accountable for it in
part. Prices of securities in every free market are con
stantly on the move between overvaluation and under
valuation, seldom being a true measure of value; this in
good part is the natural outcome of two antagonistic forces,
each seeking to carry out its purposes, and both armed
with fiction as well as truth for arguments. So it happened
that the extreme liquidation of 1902-3 brought about a
state of general discredit, ending in prices which finan
cial classes acquainted with the intrinsic worth of prop
erties dealt in on the Exchange knew were a very low
range and would not continue; hence they began to pur
chase almost as soon as liquidation appeared to have
come to an end.
Soon thereafter this view was encouraged by enlarged
earning power followed by increasing purchases and
rapidly rising values for the properties offering. It was
usual at that time to claim that capitalists were putting
the market up. This statement was in no degree true
other than that those who held the largest interest in
properties offering perceived of course the incipient de
velopment first, and took earliest advantage of the
change. In other words, the growth in confidence
for the time being was a natural development
of the
existing conditions;
although in
the
course of events it occurred that ruling prices be
came decidedly higher than they were at the start. In
this way the market has reached a point demanding less
speed. The room for advances, which was so wide at
the start, has become much narrower, with the chance of
profit from purchases less certain; the gap between the
point of greatest undervaluation to the then demonstrated
true value has been more nearly closed up; while wide
differences in the degree of confidence inspired by the
selling prices of properties have become evident. Among
stocks exciting chief suspicion were blind pools, in
which knowledge of affairs was almost wholly con
fined to the circle of managers, and yet these pro
perties had secured in some cases the largest advances
in the market.
A ll such changes were evidently sources of reduced
vitality, some of them of weakness, and the blind pools
sources of general discredit having elements of an explo
sive tendency. Another affair that affected the market for
some stocks adversely, especially where the issues were
large, was the changeable and temporary character of
purchasers’ holdings. W e fancy there never was a
smaller proportion of investors of long standing among
the early buyers, and a larger proportion of pur
chases
made merely for a turn, than was to
be found in the ranks of the new holders on
this occasion. This came about in part by rea
son of the very low point at which many purchases
were made, the rapid and continuous advances estab
lished and the consequent large profit these buyings showed
easily persuading holders, through this profit or even by
a slight downward turn of the market, to realize on their
purchases. Moreover, these conditions and easy money
were highly favorable for pyramid building— advancing
values and cheaper loans permitting of larger holdings on
the original margin. Taken together, what has been
described in the foregoing is a congested state of affairs
\'OL. LXX1X
which could only be cured or relieved by just such liqui
dating operations as have been in process recently.
The wide-awake Boston operator saw in these facts his
opportunity for breaking the stock market, and improved
the occasion. He likewise made in the same interest very
effective use of the determination of the President to
favor actively the amendment to the Inter-State Com
merce Law authorizing the Commissioners to fix and
put into immediate operation railroad freight rates. W e
referred last week to this recommendation as it appeared
in the President’s Message. On that occasion we
claimed, according to the wording of that document,
it permitted a somewhat different interpretation. W e
are sorry to learn since that we were in er.
ror; that Mr. Eoosevelt’s intention was to procure the
passage of the Cooper-Quarles bill. It is a disappoint
ment to us that he has taken that course, for according
to our view no proposal within the scope of legislation
now before Congress could be more mischievous. But
we do not propose to discuss the bill at present. W e
have done it many times during past years, and if the
issue remains a live one, we shall return to it many times
hereafter.
The National Civic Federation has held its fourth an
nual meeting in this city the current week. What would
seem to be of even more importance is that the organiza
tion elected August Belmont as President. Putting a
banker of so much force at the head of this body to fill
the vacancy caused by the death of Senator Hanna of
Ohio ought to give it new life and materially extend its
influence. W e could name no one better equipped for the
position. Mr. Belmont has on several important occasions
shown a considerate and kindly feeling for labor and is
held in high esteem by wage-earners; moreover, his re
gard for labor is not of the kind that has in it one part
truth and ninety-nine parts politics— a sort which exists
ad nauseam and is the chief danger which threatens the
Civic Federation. Its purpose should be educational, and
consequently of slow growth. Peace is the object, but
mainly by making clear the causes for disagreements.
The departure which managers of the Vanderbilt
roads, as announced this week, intend to make, in chang
ing the fiscal year of all of their companies so as to
end with December instead of with June, is a
novel one but has much in its favor.
Changes
the other way, that is to the June 30 year, have
been common enough. The present is the first in
stance that we can recall of a change away from
that year. Ever since the Inter-State Commerce Com
mission began to require returns for the twelve months
ending June 30, one company after another among those
which had a different fiscal year has been abandoning
its own year and adopting that of the Commis
sion— which has also become the fiscal year of
the different State Boards and Commissions. This
movement has been so general that now there are only a
few companies left (though comprising some very prom
inent ones) which have a different fiscal year from that of
the Inter-State Commerce Commission. The reason for
such course has been obvious enough. The Inter-State
Commerce Commission requires some very elaborate statis
tics, and as the railroads themselves quite generally also
furnish very comprehensive reports, the desire is to avoid
the necessity for compiling two sets of figures. That
this objection, however, is not sufficiently strong to stand
D e o . 17, 1 904.]
T H E CHRONICLE.
as against advantages to be gained from, the opposite
policy, is evident from the action now announced on
behalf of the Vanderbilt roads.
The move in the present instance, we understand, has
been dictated by the promptings of expediency and by
the desire to secure uniformity in the accounts of the
various separate roads forming part of the Vanderbilt
system. There has been a further motive in the diffi
culty, which experience has shown to exist, of getting
directors together to pass on the annual statements dur
ing the summer months. The reports of several of the
companies have long covered the calendar year.
This remark applies more particularly to the Lake
Shore & Michigan Southern, the Michigan Central,
the New York Chicago & St. Louis and the
Lake Erie & Western. On the other hand, the
most important member of the whole body, namely the
New York Central, has been making reports for the
June 30 year, and so have the Cleveland Cincinnati
Chicago & St. Louis, or “ Big Four,” and the Indiana
Illinois & Iowa, among others. The question was,
whether, taking all the circumstances into consideration,
it was better to change the ending of the year of these
latter companies or change the close of the period in the
case of the first-mentioned roads. A s already stated, it
has been decided to make the year In all cases correspond
with the twelve months ending Dec. 31.
Much is to be said in favor of this change to the
calendar year. It is the normal period in the business
world. Our readers may recall that we commended the
action of the United States Steel Corporation— the
largest industrial concern in the world— when soon after
its organization it decided to adopt the calendar year as
the period for the closing of its accounts. Throughout
the business world this is the invariable rule. Notwith
standing that all Government accounts and operations
are made to end with June 30, and that the rail
roads have, one after another, as already stated,
adopted the same year, the practice in the business
community has remained unaltered. Certain other
considerations also urge the desirability of the calendar
year under existing circumstances. With the great ma
jority of the roads having the same fiscal year— in this
instance the June 30 year— their reports all appear
about the same time. During the six weeks from about
the first of September to the middle of October these re
ports crowd in from every direction. There are so many
of them that it is impossible for the newspapers to give
proper space to them or for those who make it a prac
tice to analyze the same to accord full consideration to
them. For this reason numerous reports have to
be passed over or receive only bare mention. Thus one
of the main objects of an annual report, which is to in
vite study and attention, is defeated. The alteration
of the fiscal year of the Vanderbilt roads will serve to re
lieve the pressure to that extent. These reports, we pre
sume, will hereafter appear in March, when it will be
possible both on the part of the newspapers and invest
ors to digest them and give them careful consideration.
A t the same time the change will facilitate comparison
of results between the Vanderbilt lines and the Pennsyl
vania lines, for these latter are among the few that have
adhered throughout to the calendar year. The Dela
ware Lackawanna & Western and the Delaware & Hud
son are two others which still make reports for the calenday year. The Gould roads, too, still adhere to the
calendar year.
2663
The Louisville & Nashville Railroad has this week in
creased its semi-annual dividend from
to 3 per cent,
placing the stock on a 6 per cent basis instead of the
previous 5 per cent. The company, as is known, is en
joying great prosperity, and there is every reason to
think tnat this prosperity will continue. The increase
in the dividend, therefore— a moderate increase it is
in view of all the circumstances— comes as a
natural result of prevailing conditions. In review
ing the
annual report
recently for
the
year
ending June 30 1904, we showed that the amount
available for dividends on the operations of the
twelve months had been $6,888,171, while the call for
dividends at 5 per cent was only $3,000,000, leaving a
surplus over and above the dividend requirements in the
large sum of $3,688,171. In brief, though only 5 per
cent had been paid on the stock, 11 per cent had been
earned. This was the result, too, after liberal allowances
for improvement work. For the four months of the new
fiscal year from July 1 to Oct. 31 there has been an im
provement moreover of $170,108 in gross earnings and
of $438,299 in net earnings as compared with the cor
responding four months of last year. The month of
November promises to show equally good if not still bet
ter results 5 for while the figures of net have not yet
appeared, in the gross there was an increase of $308,867.
There was no change in official rates of discount by
any of the European banks this week, and, compared with
the previous week, unofficial or open market rates were
firm at London, fractionally advanced at Paris and £ of
1 per cent higher at Berlin and at Frankfort. The
features of the statement of the New York Associated
Banks last week were a loan contraction of $8,513,500,
a loss of $1,633,400 in cash, a decrease of $9,838,100 in
deposits and a gain of $826,125 in surplus reserve. The
bank statement of this week should reflect, among other
items, the transfer of $1,500,000 through the SubTreasury to San Francisco and the withdrawal of
$2,100,000 gold coin for shipment to Berlin and Argentina.
Money on call, representing bankers’ balances, was
distinctly easier this week as the result of increased
offerings, some of which were from interior cities, influ
enced by the higher rates ruling last week, and the de
mand was materially lessened because of the reduction
in the volume of commission-house business. The range
for the week was from 3£ per cent to 2 per cent and the
average was a little below 3 per cent. Banks and trust
companies loaned at 3 per cent as the minimum, and
some of tbe former were quite liberal lenders during the
week. On Monday loans were at 3^ per cent and at 2
per cent, with the bulk of the business at 3 per cent. On
Tuesday transactions were at 3 per cent and at 2%per cent,
with the majority at 3 per cent. On Wednesday loans were
at 3 per cent and at 2\ per cent, with the bulk of the
business at 2% per cent. On Thursday transactions were
at 3 per cent and at 2£ per cent, with the majority at 3
per cent. On Friday loans were at 3 per cent and
at 2£ per cent, with the bulk of the business at 3 per
cent. Early in the week time loans on good mixed
Stock Exchange collateral were quoted at 3 f® 4 per cent
for all periods from sixty days to six months. Owing to
the pressure of offerings, however, and the indisposition
of borrowers to pay the higher rates, quotations were re
duced on Wednesday to 3J®3| per cent for all dates of
maturity. Commercial paper was lower, on a moderate
T H E C H R O N ICLE .
2604
[V O L . L X X 1X .
v o lu m e o f business, and qu ota tion s w ere at 4 © fi£ per
dent to the sem i-m on th ly
cen t for six ty to n in ety-d ay endorsed bills re ceiv a b le and
T u esd a y the tone w as firm, w ith lo n g 10 p oin ts higher at
for prim e fou r to six m on th s’ sin gle nam es, w h ile g o o d
4 8 4 2 5 © 4 8430
paper o f this class ru n n in g to these periods w as
4 8 6 9 0 ; cables w ere 5 points low er at 4 S 7 3 0 © 1 8735.
qu oted
at if © 5 - J per cent.
On
and
W edn esday
settlem en t in
short
the
rose
m arket
L on d on .
5 poin ts
was
again
On
to 4 8 6 8 5 ©
stron g,
lo n g
a d v a n cin g 1 5 poin ts to 4 8 1 4 0 © ! 8 4 5 0 , short 1 5 points
o f E n g la n d m in im u m rate o f discou n t re to 4 8 7 © 4 8 7 1 0 and cables 2 0 points to 4 8 7 5 0 © 4 8700.
coun ts o f sixty to
The
open
cent.
n inety-d ay
m a rk et
rate
T h e ca b le
ba nk b ills
at
P a ris
B e r lin and F ra n k fo rt it is
to our sp ecia l ca b le
lost £ 6 5 7 ,6 5 1
from
fu rther advises
( o f w h ich £ 5 0 ,0 0 0
2£ an d
is
at
A c c o r d in g
L o n d o n , the B a n k o f E n g la n d
o f the
the w e e k and h eld £ 3 1 ,w eek.
us that the
£ 8 ,0 0 0 (w h o lly from
reports dis O n T h u rsd a y the tone w as firm , w ith lon g 5 points high er
L o n d o n 2-J at 4 8 4 4 5 © 4 8 4 5 5 ;
per cent.
b u llio n d u rin g
2 2 8 ,0 6 2 at the close
in
loss
O ur
corresp on d en t
A m e r ic a
e x ch a n g e m a rk et w as
stron g this w eek,
ba nk ers’ settlem ents, the
to
rem it for
la tter ch iefly
for loa ns m a tu rin g at the en d o f the year, an d th ere w as
a ls o an in q u iry for e x ch a n g e to p a y for J a n u a ry in terest
and dividen ds on secu rities
h eld
abroad, the re la tiv ely
lo w e r rates for m on ey here than in E u rop e in d u cin g such
rem itta n ces
in
a d va n ce.
The
w as co m p a ra tiv e ly sm all and
o n ly m od era te in am oun t.
an a d va n ce, com p a red w ith
on e cen t per pou n d
supply o f ba n k ers’ bills
those
a gainst cotton w ere
B y T h u rsd a y there h a d b een
the lo w rates last w eek , o f
ste rlin g in
lo n g
an d in short, an d,
com p a red w ith th e o p e n in g o f th is w eek, the rise in lo n g
w as
| of a
cen t
and in
on
short |
of
a
cen t.
T rea su ry on W e d n e s d a y , for exports to B e rlin .
T h e fa ct
that the steam er on w h ich the g o ld w as shipped is a slow
steam er w o u ld p ro b a b ly m eet h is requ irem ents, for the
g o ld co u ld b e d elivered in B e r lin b y the end o f the year,
p ro b a b ly b e n eeded.
T h e fo llo w in g sh ow s d a ily p osted rates for sterling
D A I L Y P O STE D R A T E S F O R F O R E IG N E X C H A N G E .
F il l .
M o n .,
W e d ..
T h f r .,
F r i ..
T t t e s .,
L ee. 9. O ec. 12. itf-c. 13. D ec. 1 L D<sc. 15. D c. 16.
B row n
B r o t h e r s ..........
B a rin g ,
M agon n & C o.
B a n k B r it i s h
N o . A m e r ic a ..
Bank o f
M o n t r e a l ..........
C a n a d ia n B a n k
o f C om m erce.
H e id e lb a c b .I c k e lh e im e r & C o .
L aza rd
F r e r e s ................
M ercoa n ts’ B k.
o f C anada.
(6 0 d a y s
( S ig h t ..
(6 0 d a y s
l S ig h t ..
484
4 87%
484
4 87)*;
J 60 d a y s
( S i g h t ..
5 60 d a y s
1 S ig h t ..
(6 0 d a ys
{S ig h t ..
5 60 d a y s
(S ig h t..
(6 0 d a y s
( S ig h t ..
(8 0 d a y s
< S ig h t ..
84H
8 7 )4
4 84.
4 8 7)£
484
4 8 7)£
4 84
4 87M
484
4 87%
4 84
4 8?M
the fa ct
th at
e x ch a n g e
ca lcu la tion s
ca b le
transfers
seem ed
sh ow ed that, at
on L o n d o n an d
th ose fo r e x ch a n g e at B e r lin on th e B ritish cap ital, there
w o u ld b e a profit to the
tio n .
shipper as an arbitration opera
I t m a y be n o te d that this w eek
th e p rice o f g o ld
\ o f a p en n y per ou n ce, to 77 sh illin gs 1 0 § p e n ce for the
the g o ld -e x p o rt p o in t b y 1-1 6 o f a cen t p er
sterlin g.
G o ld r e ce iv e d at
d u rin g the w eek , $ 6 0 8 ,8 8 3 .
.8434
87M
85
87L j
84
8734
85
8734
SoJrjj
88
8434
8734
843s
8734
8S
8734
85
8734
8434
8 7)4
84 W
8 7 )4
85
8734
85
8734
85
8 7)4
85
88
8434
8734
8434
8734
84
8 7 )4
85
8734
8436
8734
8434
873*
8 5)4
88
8534
S8
8534
88
85M
88
T h e m a rk et closed on F r id a y at 4 8 4 6 5 © 4 8 4 7 5 for
cables.
C o m m e rcia l o n
hanks, 4 S 4 3 5 © 4 8 4 4 5
d ocu m en ts for p a ym en t, 4 8 3 f © 4 84 | .
m en t, 4 8 3 | © 4 8 3 J ;
co tto n
fo r
and
C o tto n for p a y
a ccep ta n ce,
4 8435©
4 8 4 4 5 , an d g ra in fo r p a ym en t, 4 8 4 | © 4 8 4 §.
T h e fo llo w in g g iv e s the w e e k ’ s m ovem en ts o f m on ey
to an d from the in terior b y th e N e w Y o r k hanks.
W e e k e n d in g D e c . 16, 1904.
R e ceiv e d by
S h ip p e d b y
i-V. T . B a n k s . V . T . B a n k s .
87,5 55 ,00 0
W it h
the
N e t I n te r io r
M o v e m en t.
§ 5 ,0 0 8,0 00
1 ,3 3 6,0 00
T o t a l g o l d a n d le g a l t e n d e r s . . .
898 ,00 0
88,891 ,00 0
G a i n . §2 ,5 4 7 ,0 0 0
$ 5,9 04 ,00 0
S u b -T rea su ry
G a in ,
4 40 ,00 0
G a i n . $ 2 ,9 87 ,00 0
operation s and g o ld exports
the resu lt is as follow s.
the C u sto m H o u s e
T h e re w as taken from the
In to
W e e k e n d in g D e c . 16, 1904.
B a n ks.
O at o f
B an ks.
N e t C hange in
B a n k H o l d in g s .
B a n k s in te r io r m o v e m e n t a s a b o v e
$ 8 ,8 91 ,00 0
$ 5,9 04 ,00 0
G a in . $ 2,9 87 ,00 0
S u b - T r e e s . o p e r . a n d g o ld , e x p o r t s . .
2 7 ,3 00 ,00 0
3 2 ,4 2 1 .0 0 0
L oss.
T o t a l g o l d a n d le g a l t e n d e r s . . .
§8 6 ,1 9 1 ,0 0 0
3 8 ,3 25 ,00 0
L o s s . $ 2,1 3 4 ,0 0 0
5 ,1 2 1,0 00
T h e fo llo w in g ta b le in d ica tes the a m ou n t o f b u llion in
the p rin cip a l E u ro p e a n banks.
D e c e m b e r 15, 1904 .
D e c e m b e r 1 7 , 190 8.
Bank of
G old .
S ilv e r.
T o ta l.
£
fo rm e r and to 76 sh illin gs 5 f p e n ce for the la tter, thus
pound
8 4 )4
8734
84
8734
84
8734
MV>
8 7)4
8534
88
84 >2
87
lon g, 4 8 7 2 0 © 4 8 7 3 0 for short an d 4 8 7 6 5 © 4 8 7 7 5 for
bars an d o f A m e r ic a n g o ld co in at L o n d o n w as a d v a n ced
lo w e rin g
85
87^
8134
8734
84
8734
8434
8734
84
8734
84
8734
8434,
8734
T h a t the sh ipm ent
pa rt or w h o lly co v e r e d w ith
W e d n e s d a y ’ s rates for
The
a d va n ce o f 20
bills w ere u nchan ged.
I f the in d u ce m e n t o f in terest on the con sig n m en t in transit
has been offered to the shipper, a slow in stead o f a fast
lik e ly from
4 8720©
poin ts for lo n g h ills an d 5 poin ts for cables, w h ile sight
v essel seem ed to in d ica te that the e x p ort w as m a de on order.
w h en it w o u ld
to
The
sum o f $ 1 ,6 0 0 ,0 0 0 g o ld co in w as ob ta in ed at the Sub-
w a s in
F rid a y at an
00 C
O
an d
stron g
net to the in terior
in flu e n ce d "by a som ew h a t u rg en t dem an d
m e rca n tile
w as
an d £ 5 0 ,0 0 0 to
o f G re a t B rita in .
fo re ig n
poin ts
w as due to im p orts o f e x ch a n g e b y som e o f the lea d in g draw ers.
E g y p t), and to shipm ents o f £ 5 6 6 ,0 0 0
: The
m arket
A u s tra lia ), to exports o f £ 1 0 0 ,0 0 0
to S ou th
short rose 2 0
4 8 7 3 0 and cables 10 poin ts to 4 8 7 6 0 © 4 8770.
CO00
The Bank
m a in s u n ch a n ged at 3 per
£
£
G old .
S ilv e r .
T o ta l.
£
£
8 1.2 2S ,0 62
31.2 2S ,062
£
3 0 ,4 27 ,91 4
F r a n c e ........ 106 ,58 8,7 78
G e r m a n y * . . 87,0 87 ,00 0
R u s s ia ........... 101,854,000
4 4 ,2 4 1 ,CSS 150,828,466
13,0 13 ,00 0 50,050 ,00 0
9 5,2 67 ,56 8
33,041 ,00 0
6,5 5 8,0 00 108,412.000
82,2 91 ,00 0
7 ,7 2 7,0 00
4 6,7 05 ,00 0
12,1 70 ,00 0
E n g la n d ....
3 0 ,4 27 ,91 4
44,S16.2SS 1S9,5S3,S56
11,6 09 ,00 0 44,6 50 ,00 0
90,0 18 ,00 0
A u s t .- H u r u t
48,0 23 ,00 0
12,1 38 ,00 0
60,759 ,00 0
S u b -T re a su ry on F r id a y in e x ch a n g e for g o ld certificates
S p a i n ............
14,878 ,00 0
19,969 ,00 0
S4,S 47,000
1 4,5 32 .00 0
19,0 64 ,00 0
22,180 ,00 0
3,6 1 7,2 00
3 ,1 6 6,2 00
25,346,200
2 1 ,3 16 ,00 0
3 ,3 3 5 ,2 0 0
$ 5 0 0 ,0 0 0 g o ld co in fo r e x p o rt to A r g e n tin a .
I t a l y -----------N e t h e r l 'd s ..
6,1 5 1.6 00
11,76S,S00
4 ,1 8 3 ,7 0 0
6 ,433,400
2 4 ,6 51 ,20 0
10,6 67 ,10 0
N a t . B e l g .* .
S,272,667
1 ,638,833
4,9 0 9,0 00
3,1 8 $,0 00
1 .569,000
4 ,7 0 7 .0 0 0
[N om inal rates for sterlin g ex ch a n g e are 1 8 5 © 4 S o l for
six ty day and 4 8 7 J © 4 88 for sight. T h e m a rk et w as a ctiv e
and stro n g on S a tu rd a y o f la st w eek at an a d va n ce, c o m
pared w ith the p re vio u s day, o f 2 0 poin ts for short, to
4 S 6 5 5 @ 4 8 6 6 0 ; lo n g an d cables w ere u n ch a n ged , the
form er at 4 8 '3 6 5 @ 4 8 3 7 5 an d the la tter at 4 8 6 7 5 ©
4 8 6 80 .
O n M o n d a y the m a rket w as qu ite s tron g all
arou nd, lo n g a d v a n cin g 50 p oin ts
to
4 8 4 1 5 © 4 84 25 ,
short 2 5 poin ts to 4 8 6 8 0 @ 4 8 6 9 0 an d cables 55 points to
4 8 7 3 0 © 4 8 7 4 0 , the la tter in respon se to a dem an d in c i
5S ,S S I,000
3 8 .5 96 ,00 0
T o t . w e e k . .. 3 71 ,27 6,7 07 1 03 ,871,821 478 ,14 8,5 2b 3 3 0 ,90 2,1 82 106,279,888 4 37.1S 2.070
T o t . p r e v .. 3 71 .54 8,8 04 1G6,92S,39S 4 7 S .4 fr.1 9 7 S 31,321.171 105,035,126 4S6.S 56,297
* The division {between gold and silver) given in our table of coin and
bullion in the Bank of Germany and the Bank of Belgium ia made from the
best estimate we are able to obtain; in neither case is it claimed, to be
accurate, as those banks make no distinction in their weekly' returns, merely
reporting the total gold and sUver; but we believe the division we make is a
close approximation.
t The Austro-Hungarian Bank Statement is now issued in Kronen and
Heoer instead of Gulden and Kreutzer. The reduction of the former currency
to sterling £ was hy considering the Gulden to have the value of 50 cents. A s
the Krone has really no greater value than 20 cents, our ca-ble correspondent
in London, in order to rednoe Kronen to £ , has altered the basis of ©onverston
by dividing the amount of Kronen by 24 instead of 20.
D e o . 17,1904.]
2665
THE CHRONICLE.
I f the B a ltic fleet w ere to reach the scene o f action, itj
CLOSING IN ON FONT ARTHUR.
w ould be in a m ore precarious position than w ere A d m i
T he singular deadlock w hich has so lon g existed in the ral Skrydloff’ s ships when they em erged in A u g u s t from
E astern W a r has been interrupted during the past two Y la d ivostock and P o r t A rth u r to confront the Japanese*
Since it has been
A t best, the R ussian vessels had in that fam ous sortie)
adm itted by both sides that the financial considerations
tw o avenues o f retreat— to Y la d ivostock or to P o r t A r-j
o f the w ar w ere o f param ount im portance, the fact that
thur.
weeks by several interesting events.
T h ey had, as w ill be rem em bered, occasion toj
both borrowers have again, and successfully, entered the m ake use o f both o f them, not to m ention tw o or three i
m oney markets o f the w orld is a m atter to be considered.
R ussian vessels w hich took refuge in neutral harbors)
W h a t w ill probably strike m ost people, in reading the
and w ere prom ptly dism antled b y the authorities.
announcem ents alike o f the Japanese and R ussian loans,
sim ilar disaster at the present time w ou ld leave the B a l
is that although each governm ent asked for m ore than it
tic fleet largely at the m ercy o f its enem y.
borrow ed in the spring, the terms on w hich these new
tock harbor is blocked b y ice; P o r t A rth u r harbor is com
loans have been underw ritten are better than either bor m anded b y the guns o f 203-M etre H ill.
row er m ight have looked for.
Y la d iv o s
I t is hard to
T h e Japanese, instead o f im agine, under such conditions, that the fleet w ill be
resorting to their other sources o f revenue as a pledge,
have secured the new
A
$ 6 0,00 0,00 0 loan b y the
same
allow ed to approach such a dangerous vicinity.
W h a t is to b e concluded, then, regarding the n ext step
Custom s revenue as had been previously u tilized to secure
o f the w a r?
the $50,00 0,00 0
credible sources o f R u ssia’ s efforts to obtain m ore fight
loan o f A p ril.
The
Russians,
who
We
hear
from
various m ore or
less
borrow ed on the exactin g terms o f a short-time loan last in g ships from neutral P ow ers or to arrange for the con
spring in Paris, have now succeeded in obtaining m oney
struction o f such
both on
stories m ay b e taken w ith a grain o f salt; there are som e
the F ren ch and G erm an markets, and are said
to have pla ced a long-tim e bond issue at B erlin .
T he
additions to her armament.
These
aw kw ard diplom atic obstacles, and at best a lon g time
com m ents o f the lenders, alike in N ew Y o rk , L ondon,
must elapse before the ships could be delivered.
P a ris and B erlin , have been to the effect that the credit
thermore, there is a sim ilar opportunity open to
F u r
o f both belligerents is w ell esteemed. I t w ould, therefore,
I t is, in short, still the conclusion o f the best qualifiedj
be prem ature to im agine that a break-dow n o f borrow in g
observers that the w ar m ust be fou gh t on land, and there,)
Japan.;
facilities w ould for some tim e yet embarrass either com at least, one change in the situation m ust be near at
hand. This is the final capitulation o f P o rt A rth u r and
batant.
T h e incident o f the fortnight in the w ar m aneuvres is the release o f the Japanese arm y n ow surrounding it to
m ore interesting.
Such discouragem ent as the friends
o f Japan had begu n to feel so
co-operate w ith O yam a at the N orth.
I f it is true that
lon g as P o r t A rth u r re the operations before M ukden have been h eld in cheek
m ained uncaptured and the fleet in its harbor undis because o f the necessary reinforcem ents sent to the arm y
squadron approaching from the before P o r t A rth u r, there is a possibility that the plan o!
turbed, w ith the B a ltic
W e s t, was based very la rgely
ships from the N orth
on
a feelin g that i f the
Sea were to confront A d m ira l
T o g o ’ s fleet, w hile the P o r t A rth u r squadron was at
action at the N orth m ay be radically changed.
A
very
experienced critic,
w riting recen tly in the
“ F ortn igh tly R e v ie w ” o f L on don , takes the grou nd that
liberty to attack it in the rear, there was at least possi the year’ s events have proved that the Japanese, while;
b ility that the suprem acy o f Japan upon the sea w ould be
surpassing every m odern nation in the valor and indi-|
seriously threatened. T his phase o f the situation has been
vidual prowess o f their soldiers, are extrem ely deficient
altered in a degree w hich even yet is not w holly under in the attributes o f m ilitary genius.
stood.
B y w hat appears to have been
a particularly
brilliant exploit o f m ilitary valor and self-sacrifice, the
This conclusion
the w riter bases, as it w ou ld be based b y m ost observers,
on the failure o f O yam a to strike a final b low
at K u ro-
Japanese succeeded last w eek in capturing the m ain ob patkin w hile his front was still exposed at L ia o-Y a n g .
je ctiv e point around P o r t A rth u r— the one high h ill from
The conclu sion o f that w riter is that the Japanese com
w hich their artillery could com m and both tow n and fleet.
mander, w hile possessing all the advantages o f num bers
T he tow n has not yet been brought to surrender as a con and position, still devoted his care so exclu sively to pro
sequence; but, what is m ore im portant, the guns from
tection o f his ow n position that he allow ed to slip from
203-M etre H ill w ere trained
his grasp one o f those brilliant opportunities w hich com e
on the battleships and
cruisers still rem aining in the harbor, w hich, as a conse but rarely in a war.
quence, have been put entirely out o f com m ission.
W h a t this new
T h e ju stice o f the criticism w ill in the m ain be con
developm ent actually m eans is seen
m ost forcib ly in the com m ents from
St. Petersburg.
F rom that point com es a quiet intim ation that the B a ltic
ceded by all students o f the war.
Such concession does
not, how ever, answ er the question, w hat is to be the fur
ther outcom e o f the land m aneuvres ?
D eficien t or not
fleet m ay not, after all, be
allow ed to com plete its jo u r in the highest attributes o f strategy, the fact remains
ney into the Y e llo w Sea.
Its position, indeed, on arriv that the Japanese com m anders have not yet experienced'
in g in those waters w ou ld be som ewhat precarious.
It
a reverse, that although there has been no A u sterlitz or
ia now num erically no m ore than a m atch for A d m ira l Sedan, they have still in every case— assum ing the cap
T o g o ’ s fleet, and it is not that until a ju n ction is effected
ture o f P o r t A rth u r— accom plished the m ain objective
w ith the ships w hich have
contem plated w hen
around the Cape.
taken the lon g sea route
the cam paign began.
W h a t pros
B u t i f it w ere superior in num bers, pect, then, rem ains for a reversal o f this m ilitary m ove
the fact w ould still rem ain that the R ussian fleet is nec ment, even in case o f accru in g reinforcem ents to the
essarily ill-equipped, that it needs the overhauling and
Russians ?
C ertainly it is not to be supposed that the
refitting w hich in the n avy is deem ed indispensable after occupation o f a frontier line by tw o armies o f tw o or,
a lon g sea jou rney, and that finally the m orale o f the three hundred thousand m en apiece w ill go on indefi.j
in. nitely. Neither is it generally believed that the Japan
cidents to be vastly inferior to that o f their antagonists. ese propose to carry their a ctive operations further north.'
Russian crew s and officers has been proved by m any
THE CHRONICLE.
26GG
[VO L. LXXIX,
P ort A r
the general uses o f the com p a n y , and in the secon d p la ce
thur in their hands, the b esiegin g force released for oth er
the general m ortg a g e for $ 1 0 5 ,0 0 0 ,0 0 0 m ade at the tim e
action, and their ow n rein forcem en ts co m in g rapidly from
o f the reorgan iza tion in 1 8 95 , w as draw n so as to p ro
Ja pan , the
v id e the m eans, in part at least, for the capital requ ire
B u t is there an y reason to suppose th at w ith
arm y before M u k d en
can be attacked and
rou ted by G en era l K u rop a tk in , even w ith v e ry su bstan
m ents
tial
the
rein forcem en ts ?
We
do
n ot
see any grou n d for
from
y ea r
com p a n y
to
has had
year.
U n d er
a u th ority
to
this
issue
m ortg a g e
$ 3 ,0 0 0 ,0 0 0
o f bon ds each year for im provem en ts, term inals, secon d
assu m ing such a probability.
T h e situation seem s on its face to h ave resolved its e lf
in to n ot on ly a m ilita ry but a d ip lom a tic dea dlock.
deadlocks o f this sort cannot, in
But
the nature o f the case,
be allow ed to g o on in defin itely.
P o s s ib ly ev en P o r t
track, equ ipm ent, etc., n ot o v er
$ 7 5 0 ,0 0 0 , h ow ever, o f
the am ou n t to g o for exten sion s.
T h is seem ed a liberal
a llow a n ce for capital needs at the tim e the m ortg a g e was
m ade, bu t it has actu ally fallen, as exp erien ce has dem
A r th u r ’ s surrender w ill in trod u ce a n ew chapter in the d i
onstrated, considerably short o f the requ irem ents.
p lo m a cy o f the w ar.
gether, $ 3 0 ,0 0 0 ,0 0 0 o f bonds w ere reserved for this pu r
I f not, it seem s n ot at all im prob ab le
that the hom e situation o f at least one o f the b ellig eren ts
pose under the m ortga ge.
w ill force its hand.
A lto
special fu n d w ill he exh a u sted by J u ly 1 1905.
R u ssia, con fron ted already by an un
H o w e v e r, the w h ole o f this
A s we
easy and disorderly popu la tion , w hose m ain line o f protest
sh ow ed in re v ie w in g the annual report, there rem ained
has co n v e rg e d on w hat they deem the u nw ise and u n w a r
unissued on J u n e 30 1 9 04 $ 5 ,6 0 0 ,0 0 0
ranted w arfare in
gage
the
E a st, has
ev ery
that o f personal pride and prestige, to
to a close.
laid
on
b rin g the con flict
I t has, indeed, the m otiv e
ow n finances, for h o w e v er m u ch
the great reserve
P ete rsb u rg ,
it
is
G o v e rn m e n t resorts to that
$ 3 ,0 0 0 ,0 0 0
T h e $ 3 0 ,0 0 0 ,0 0 0 o f debentures crea ted in 1 9 02 w ere
used m a in ly to pay for n ew equ ipm ent u rg en tly needed
in the ru n n in g o f the road.
the
these debentures h ave alrea dy been
m om en t
the
to p rosecu te the w ar
o f general m ort
was then availab le,
a ccu m u la ted at St.
that
fu n d
h ave been
bonds, o f w h ich
le a v in g on ly $ 2 ,6 0 0 ,0 0 0 for the im m ediate future.
o f p ro te ctin g its
stress m a y
o f g o ld
re cog n ized
m otiv e, ex cep t
00 0 fa llin g
w ill m ark the sw ift declin e o f the n a tion ’ s ou tside credit. •A d ju s tm e n t
due
F u rth erm ore, $ 5 ,0 0 0 ,0 0 0 o f
each year.
paid off,
$ 2 ,5 0 0 ,-
T h ere is a clau se in the
M o rtg a g e w h ich g ives a u th ority to
issue
T o us the p reva len t argu m en t that fin an cial exh a u stion . $ 2 0 ,0 0 0 ,0 0 0 ad dition a l A d ju s tm e n t 4s for im provem en ts
w ill p resen tly overtak e Ja p a n is
h ave n e ve r b een able to
a little strained.
understand
h ow
such
W e ' at the rate o f $ 2 ,0 0 0 ,0 0 0 a y ea r after the $ 3 0 ,0 0 0 ,0 0 0 g e n
an out- 1 eral m ortg a g e bon ds p rov id ed for the sam e purpose h ave
com e co u ld be look ed for in a m a n u fa ctu rin g State, am ply ; been used up.
T h is p rovision w ou ld b ecom e operative
p rovid ed w ith capital o f its ow n, so lo n g as its trade an d 1 after Ju n e 3 0 1 9 05 , bu t there is the con d ition atta ch ed
indu stry do n ot collapse.
O f that there is at present
n ot the slightest sign.
that the ad dition a l bon d s can on ly be issued w ith the
con sen t o f a m a jority o f the A d ju s tm e n t bon dh olders
th em selves.
S u p p osin g this
consent
to be g iven , the
$ 2 ,0 0 0 ,0 0 0 o f n e w m on ey to b e raised in this w a y each
THE ATCHISON COMPANY’S N EW BONE
ISSUE.
C a rry in g ou t
the
su ggestion s
year w o u ld g o m erely to offset to that ex ten t the am ount
requ ired to take up the $ 2 ,5 0 0 ,0 0 0 o f debenture 4s fall-
con ta in ed in the last
in g due each year.
I t thus appears
an n ual report (w h ich su g gestion s w e q u oted in fu ll in
that w h ile the
com p a n y has h itherto
our re v ie w o f the report on O cto b e r 1 ) ,the directors o f
been able to g et a lon g w ith ou t an y ex ten siv e
the A t c h is o n
o f bon ds (aside from the $ 3 0 ,0 0 0 ,0 0 0 o f debentures), the
T o p e k a & S a n ta F e R a ilw a y this w eek
a n n ou n ced their decision to create a n ew issue o f bon ds
tim e has n ow arrived w h en
for
future h ave b ecom e
an
a g g re g a te
of
$ 5 0 ,0 0 0 ,0 0 0 ,
con v ertib le at the
com preh en sive plans for the
n ecessary.
I n the
option o f the h old er in to com m o n stock, to p rov id e for
the fu n ded debt o f the system w as
the future capital needs o f the com pa n y.
am oun t o f $ 7 ,5 0 0 ,0 0 0 th rou gh
A
m e e tin g o f
bon ds
the net
the sale o f $ 1 0 ,0 0 0 ,0 0 0
general m ortg a g e
ary 2 4 1 9 05 to a ct on the prop osition and also to au th or
been
ize an in crease o f $ 5 0 ,0 0 0 ,0 0 0 in the com m on stock so
p a yin g o ff o f $ 2 ,5 0 0 ,0 0 0 o f debentures.
to
late fiscal yea r
in crea sed in
both classes o f sh areh olders has b een ca lled for J a n u
a llow ed
n ew issue
(represen tin g
a ccu m u la te in
bon ds that had
the treasury)
At
and the
the sam e
as to be prepared for the con v ersion o f the new bon ds
tim e it appeared from the annual report that the ex p en d i
in to stock sh ou ld the holders at an y tim e elect to m ake
tures ch a rgeab le
to cap ital a ccou n t for the con stru ction
the e x ch a n ge.
and acqu isition
o f ad d ition a l railw ays, equ ipm ent and
T h is an n ou n cem en t o f a n ew b on d issue is ch iefly in
other properties, and for im provem en ts, had am oun ted
terestin g b ecau se the A t c h is o n has b een m u ch less p rom
du ring the tw e lv e m onths to $ 1 4 ,5 5 3 ,7 8 0 . A n o th e r state
in e n t in m a k in g n ew
m en t b rou gh t ou t the fa ct that for the p eriod from J a n u a ry
ca p ita l ad dition s than m ost other
la rg e railroad system s.
T h e presen t reorga n ized c o m
1
1 8 96 to J u n e 3 0 1 9 0 4 the a g g reg a te u n d iv id e d surplus
pany dates from 1 8 9 5 and in the in terva l since then the
net in co m e o f the com pa n y, after d ed u ctin g all charges
only la rge n e w issue o f bon d s has been the $ 3 0 ,0 0 0 ,0 0 0
and dividen ds, had been $ 3 3 ,0 8 4 ,3 9 8 , w hile the
debenture 4s crea ted in 1902 , th ou gh m en tion
betterm en ts an d
im p rovem en ts (in clu d in g discou n ts
bonds
am ou n ted
should
perhaps also be m ade o f the E a stern O klah om a D iv is io n
sold) h ad
d u rin g the
cost o f
on
sam e p eriod to
m ortg a g e for $ 1 0 ,0 0 0 ,0 0 0 to c o v e r the exten sion s b ein g
$ 3 0 ,1 8 9 ,2 9 4 , sh ow in g that these enorm ous outlays w ere
b u ilt in
p rovided for from surplus in com e.
E a ste rn
$ 6 ,1 2 8 ,0 0 0
la test
nies.
la rge
bon ds
has
n ew
In
are
h ad
less
secu rity issues
the
an n ual
d iv id en d s,
had
T h ere
date.
A tch is o n
tin ctly
of
O k la h om a ,
first
surplus
u n der
been
reasons
occa sion
pla ce, the
a b ove
disposed
tw o
than
w h ich
to
m ortg a g e
of
at
the
W e take it that the prop osed
con v ertib le
bon ds w ill
w hy
the
n ot be a m ortg a g e ob liga tion bu t a pla in bond, since the
create
dis
debenture 4s o f 19 02 w ere issu ed u nder the
other la rge
com p a n y has
com p a
had
a
the am oun ts pa id out in
w h ich surplus has h en ce b een availab le for
that no n ew m ortg a g e
on
lin es
then
con d ition
ow n ed should be
m ade w ith ou t secu rin g the debentures thereunder.
rate o f interest w h ich
the
bon ds
are
The
to bear and other
details have o f course n ot y e t been determ ined.
I t n eed
xIIE CHRONICLE.
D eo . 17,1904. J
266?
liardly be stated that it is the purpose to put out at ju st such a contingency, and the only question is whether
present only a part o f the total authorized issue o f the Treasury regulations for g iv in g to flour m anufac
T he bonds w ill be offered to stockholders
turers the benefit o f the draw back allow ed on exports o f
for subscription on terms to be hereafter announced.
flour made from foreign wheat shall be fram ed in a suffic
T h e proceeds from the sale o f this first block, it is stated,
iently broad and liberal spirit to achieve the end con
$50,00 0,00 0.
w ill be used for the com pletion o f the lines under w ay,
tem plated by the lawm aker.
to construct certain additional branches and feeders, to
understood that th e relative merits o f protection and free
It
should be distinctly
build second tracks and reduce grades, to purchase ad trade do not enter into the controversy, N o interest w ill
ditional equipm ent, and to provide a fund applicable to suffer from carrying out the intent and purpose o f the
statute, and g iv in g m illers the rebate w hich it was in
other capital requirements.
In the circular issued to the shareholders, P resident tended they should have. T he fact is established by
E ip ley states that it is the b e lie f o f the directors that abundant testim ony that at the prices at present prevail
surplus net in com e w ill continue to be in excess o f the in g for wheat in the U n ited States, our flour makers can
cost o f all ordinary betterm ents and im provem ents, but not sell flour at a sufficiently low figure to com pete w ith
that additional capital is needed for construction pur the foreign flour makers in the markets o f the world.
O n the other hand, Canadian w heat can be purchased at
poses and for the acquisition o f additional facilities in
order to develop fu lly the earning capacity o f the system,
prices w hich make such com petition possible.
and to enable it to m eet the requirem ents o f the grow in g
native is whether the flour shall be m ade from
territory through w hich it extends. W h ile on this point,
ported w heat or the exports cut off.
it seems desirable to reproduce a table previously given
could in any event be used for the dom estic flour trade,
in these colum ns, show ing how enorm ously the earnings
since in that case the rebate or draw back could not be
o f the system have expanded in the last few years.
obtained.
A veiage
Y ea r Miles
E nding OverJ u n e 30. aUd.
o f the m illing interests at W a sh in g ton on W ed n esd a y o f
1 8 9 7 ..
1 8 9 8 ..
1 8 9 9 ..
Earn-r.gs,
Including
Other
In com e.
$
im
N o foreign wheat
Secretary Shaw had a conference w ith representatives
E xpenses,
Taxes, <tc.
Fixed
In terest
Charges.
A djustm ent
Bmd
In terest.
^
Surp'us.
^
this week, and he took occa sion to m ake his position in
6 .4 4 3 3 0 ,8 7 5 ,7 2 9 2 4 ,8 1 4 ,4 2 5 4 ,6 0 8 ,8 5 3 1 ,5 4 0 ,3 8 0 d e f .8 7 ,9 3 1
the matter entirely clear. A
6 .9 3 6 3 9 , 3 9 6 , 1 2 6 3 0 ,5 1 3 ,5 5 3 4 ,9 9 2 ,1 4 8 2 ,0 5 3 ,8 4 0 1 ,8 3 6 ,5 8 5
ence he gave out a statem ent
7 .0 3 2 4 0 , 7 6 2 , 9 3 3 2 9 ,3 3 2 ,9 6 4 5 ,1 8 8 ,1 3 2 2 ,0 5 ? , 8 4 0 4 ,1 8 7 ,9 9 7
1 9 0 0 .- 7 ,3 4 1
T he alter
4 6 ,4 9 8 ,8 9 9 2 9 ,4 1 4 ,4 2 8
5 ,2 9 1 ,3 2 6 2 ,0 5 3 ,8 4 0
9 ,7 3 9 ,3 0 5
t the close o f this confer
w hich goes into a careful
analysis o f the w hole subject and w hich contains some
1 9 0 1 ..
1 9 0 2 ..
1 9 0 3 ..
7 .8 0 7 5 4 ,8 0 7 ,3 7 9 3 4 ,5 0 2 ,0 3 9 5 ,7 7 6 ,9 7 0 2 ,0 5 3 ,8 4 0 1 2 ,4 7 4 ,5 3 0
M r. Shaw points out that
7 .8 5 5 6 0 ,2 7 5 ,9 4 4 3 6 ,2 7 2 .4 3 2 6 ,3 8 5 , 1 4 5 2 ,0 5 3 ,8 4 0 1 5 ,5 6 4 ,5 2 7 telling arguments and facts.
7 .9 6 5 6 3 ,6 6 8 ,3 9 0 4 0 ,6 3 5 ,5 7 6 7 ,0 8 0 ,6 4 5 2 ,0 5 3 ,8 4 0 1 3 ,8 9 8 ,3 2 9 there are three distinct propositions coverin g the m anu
1 9 0 4 ..
8 .1 7 9 6 9 ,4 1 9 ,9 7 5 4 4 , 6 4 1 , 4 3 4 7 ,3 6 4 ,9 3 0 2 ,0 5 3 , 8 4 0 1 5 ,3 5 9 ,7 7 1
I t w ill be seen from the foregoin g that in the seven
years from 1897 to 19 04 the gross in com e o f the system
increased from
$ 3 0,87 5,72 9
whereas in 1897
to $ 6 9 ,41 9,97 5, and that
there was a deficiency
below
the
am ount needed to m eet interest charges, in 1904 on the
other hand there was a surplus in excess o f the am ount
required for charges in the large
sum
o f $15,35 9,77 1.
E v ery one w ill, w e think, agree w ith the m anagem ent
that a system w ith such a record cannot rem ain station
ary (even though the desire be to avoid all unnecessary
extensions), and that grow th com m ensurate w ith the de
velopm ent o f the country is necessary to insure perm a
nent prosperity.
facture o f flour for the export trade from im ported wheat.
T he first relates to the m anufacture o f flour in bond.
F o r m any years m ills have been perm itted to m anu
facture flour in this w ay.
U n d er the law applicable to
such cases, no duty is paid, but the im ported w heat is
taken to the bonded m ill, there converted into flour and
by-products under G overn m en t supervision, and the en
tire product o f the im ported w heat is exported.
goes into consum ption at hom e
N othin g
and no duty is paid.
This plan, how ever, is not desirable, since the bran (one
o f the by-products) w ill not stand exportation.
The second proposition in volves the draw back
vision o f the law.
p ro
A s has been previously pointed out
in these colum ns, the statute authorizes the m anufacture
TEE DRAWBACK REGULATION'S ON
EXPORTS OF FLOUR.
o f flour from
im ported w heat in
allow s a draw back equal
ordinary m ills, and
to the duty on the wheat, less
one per cent, w hen the entire product o f the wheat is
Secretary Shaw deserves com m endation for the deter exported. U n d er this proposition, w hich has been in
m ined stand he is taking on beh alf o f the flour m anufac operation for a num ber o f years, and against w hich, the
turers o f the U n ited States in the matter o f the draw back
Secretary states, there has been no com plant, the m ills
allow ance on exports o f flour m ade from im ported wheat.
im port the wheat, pay the duty, convert it, and export
In the language o f a form er P residen t o f the U n ited
the flour, and the by-product passes into dom estic con
States, it is a condition, not a theory, that confronts the
sumption.
country’ s m illin g interests.
value o f the exported flour
F o r the four m onths ending
N ovem ber 30 1904 the exports o f flour from this country
w ere only 3,242,982 barrels, as against 6,6 91,59 2 barrels
in the corresponding four m onths o f last year.
obviou sly a prodigious fallin g off.
This is
P rim a rily the reason
T h e draw back is com puted on the relative
and
the
hom e-consum ed
by-products.
T h e third proposition is the only one over w hich any
controversy has arisen.
I t relates to the m anufacture
o f flour com posed in part o f Canadian and in part o f
for the great shrinkage is fou nd in the present season’ s hom e-grow n wheat. I t aims not at the exclusion o f the
deficient w heat yield, w inter and spring, bu t that is no dom estic wheat, but at its jo in t use w ith the foreign
reason w hy the shortage should not be m ade good to the wheat, the latter bein g used sim ply to m ake up for the
extent possible by im ports o f wheat from M anitoba and deficiencies in the hom e product. H e n ce the dom estic
the other Canadian P rovin ces having large surplus sup grow er o f w heat is as m uch interested as the m iller in
plies o f wheat.
getting a broad, sensible interpretation o f the draw back
T he only thing that stands in the way is the duty o f provision. O n this proposition the Secretary o f the
25 cents a bushel im posed on all w heat com in g from
Treasury has not yet definitely passed.
foreign countries.
o f it he has subm itted to the A ttorney-G en eral.
T he tariff law, how ever, provided for
T he legal phase
F rom
2668
"HE CHRONICLE
[V O L . LXXLX.
the rem arks m ade, h ow ever, by M r. Sh a w , there w ould
the A tto r n e y -G e n e r a l’ s opin ion w ill be in a ccord with the
seem to he no dou bt as to w ha t his u ltim ate decision w ill
view s o f M r. S b a w .
be
m ay n ot be dealt a b low from
i f the
the w ay.
A tto r n e y -G e n e r a l
finds
no legal obsta cles in
T h e S ecretary takes pains to
poin t ou t that
to the
end that this large industry
w h ich it w ou ld u ndou bt
edly take a lo n g tim e to recov er.
the qu estion in v o lv e d is the sam e as has been passed on
in
a n um ber
of
other
m anufactures.
F or
instance,
dra w b a ck has been a llow ed on steel rails m anu factu red
GOFF E E P it OT) UGTION A N D CONSUMPTION.
from A m e r ic a n ore an d im ported m angan ese and iron ore
A b o u t one year ago an a rticle was pu blish ed in these
in the m a n u factu re o f B e s colu m n s sh ow in g that a h igh ly sp ecu la tive m ov em en t in
o f e x ce e d in g hardness used
sem er steel. D r a w b a c k has been a llow ed also on lard c o m coffee w as then under w ay, based on the theory that the
pou nd com posed in part o f cotton -seed oil and in part o f con su m ption o f coffee had overtaken the produ ction . A n
im ported oleo-stearine.
D ra w b a ck has been allow ed, too,
analysis o f the figures for the last com p leted crop year,
on paper m a n u fa ctu red
in part from C anadian pulp and
w h ich ended J u n e 30 1904, show s that the actual
in part from A m e r ic a n
pulp; lik ew ise
o f the variou s coffee crops o f the w orld for that year was
w h ich im ported
a llow ed
D ra w b a ck has fu r in deed
C h in a cla y is used.
th erm ore been
on b o o k paper in
on v ery m a n y sim ilar m a n u fa c tion.
b elow the am oun t o f coffee taken for con su m p
T e v e rth e le s s, from causes ex p la in ed later in this
and in part o f d o article, the sp ecu lation resu lted disastrously.
tures com p osed in part o f im ported
m estic m aterials, w here the rela tive proportion has to be
show n from the
T h e a d v a n cin g ten d en cy to p rices cu lm in a ted early in
m a n u fa ctu rin g estab lish F eb ru a ry.
book s at the
The
F eb ru a ry
m ent.
T h e Secretary a cco rd in g ly
a n n oun ces that i f the a p
low ed , regu lation s w ill he
so
draw n
as to
ensure the
p a y m e n t o f duty on ev e ry bushel o f C a na dia n w h ea t that
com es in, w h ile at the
sam e
ers w ill be served b y
actu ally exported.
tim e the
a llo w in g
in terests o f m ill
top
d elivery,
prices
reached
w ere
8-05c.
for
spot
option,
and
9 T 0 c.
for
the
S ep tem b er d elivery, in w h ich the sp ecu la tive trad in g w as
from m ix e d w heat is a l the heaviest.
p lica tion for draw ba ck on flou r
yield
declin ed,
F rom
u n til
these prices
on M a rch
the m a rket steadily
19th M a rch
delivery, w h ich
was then the spot option, w as at 5 -1 0c. and S ep tem b er
delivery sold at 5-7 0c.
O ver-sp ecu la tion
w as in
part
on flour
responsible for the break in prices, sp ecu la tiv e holders
grea t fa llin g o ff in
the
b e in g u nable to take care o f their com m itm en ts w hen
draw ba ck
R e fe r rin g to the
the flou r exports, as n oted a b ove, M r. S h a w
w e ll says
that i f the E u ro p e a n bakers w ho h ave been u sin g A m e r i
can -m ade flou r ch a n g e to other flour, it
im possible to g e t the trade ba ck , and
w ill be n e x t to
it n e v e r
ca n be
put to the test.
T h e prim ary cause, h ow ev er, o f the d eclin e w as the
u n p reced en ted ly la rg e m a rk etin g o f coffee b y cou n tries
other than B ra zil.
T o be sure, the y ield o f the R io an d
g o t b a ck u n til the A m e rica n farm er sells his w h ea t cheap
San tos crops for the crop year 1 9 0 3 -0 4 p ro v e d to b e on ly
e n ou gh to p e rm it the A m e rica n m iller to u ndersell.
1 0 ,4 0 8 ,0 0 0
As
illu stra tin g the situation as it exists at the presen t tim e,
it is poin ted ou t that w hen the
ex p ert o f the
T reasu ry
bags, or ab ou t the m in im u m estim ate, b u t the
am oun t o f coffee secu red from other coun tries w as 6 ,2 0 0 ,.
000 bags, or about 5 0 0 ,0 0 0 ba gs in excess o f all p reviou s
D ep a rtm en t w as at M in n ea p olis last m on th the Sheffield-
records.
K in g M illin g C o m p a n y
other than R io and S a n tos w as fou nd, n ot in the y e a r ’ s
sent
39
o fferin g flour at five cents per
p ro d u ctio n as sh ow n
w ere obtain ed.
by
the
O ne o f them
useless for y o u to ca b le
us
on
ca b legra m s to E u rop e
ba rrel b e lo w the cost o f p rod u ction bu t in the en orm ous am ou n t o f coffee m a r
books.
read:
But
“ It
such
tw o
is
replies
ab solu tely
a basis,” an d the
other “ T o u r p rices are ou t o f sigh t.”
B u t the
story is
T h e reason for this e x cep tion a lly la rge su p p ly
keted by the U n ite d States o f C olom b ia an d by V e n e z
uela.
D u r in g the p eriod o f in su rrection in these
T h is coffee did n ot com e to m a rket u n til the crop year o f
n ot y et com plete.
m ore facts fu rn ish ed b y M r. S h a w :
H e r e are som e
“ T w o m ills
are
1 9 0 3 -0 4 and it far surpassed all ex p ecta tion s, a m ou n tin g
to about 1 ,5 0 0 ,0 0 0 ba gs.
n o w in process o f con stru ction in L o n d o n , each w ith a
upset the
ca p a city o f 4 ,0 0 0 barrels a day.
coffee.
S im ila r m ills are b e in g
b u ilt at B e lfa st and other places.
and it is then sent th rou gh the U n ite d States in b on d
ex p o rte d
from
T ew
Y ork .
ca lcu la tion
I t w as this d ev elop m en t that
o f the
sp ecu la tiv e
in
— an under-estim ate, as it p roved , o f a m illion bags.
T h us it
h appened
that the
tota l supply for
I t m igh t as w ell be
w as 1 6 ,6 0 8 ,0 0 0
b a gs, m ade
g ro u n d at M in n ea p olis as elsew h ere, th ereb y h o ld in g the
R io and S a n tos
crop, 4 ,7 0 0 ,0 0 0 ba gs
trade u n til con d ition s cha nge.
interests
A s alrea d y stated, it h ad been ex p ected that the
C a n a dia n m ills r e g u surplus o f the tw o coun tries w ou ld be on ly 5 0 0 ,0 0 0 bags
la rly sell flou r for ex p o rt on the T e w Y o r k C ity m a rket
and
tw o
coun tries a la rg e qu an tity o f coffee w as accu m u la ted .
I f the trade passes from
up
of
the year
1 0 ,4 0 8 ,0 0 0
bags o f
prod u ced in other
coun tries and 1 ,5 0 0 ,0 0 0 b a gs o f surplus from
C o lo m b ia
the A m e r ic a n m ills to the E u rop ea n m ills the in ju ry to
and V e n ezu ela . O b v io u sly , ex cep t for the 1 ,5 0 0 ,0 0 0 bags
the farm er
accu m u la tion s, the supply w ou ld h ave b een n ot 1 6 ,6 0 8 ,-
o f the
T o r th w e s t w ill
be past ca lcu la tion .
T o-d a y the p rice o f A m e r ic a n w h ea t is ab ou t 16 cents
000 bags,
ab o ve that o f C anada.
coffee taken b y the w orld for
S ecreta ry Sh a w , b e in g from the
T o r th w e s t h im self, appreciates the im portan ce o f h o ld in g
000 bags.
the e x p ort trade in flou r i f it ca n be don e u nder the la w
o f coffee
as it n ow exists.
sum ption
but on ly
T h e m illers are on ly a skin g w ha t the
1 5 ,1 0 8 ,0 0 0
bags.
T h e am oun t o f
con su m p tion
w as 1 6 ,1 3 3 ,-
T h u s it is clea rly apparent that the quan tity
actually grown last year fell short o f the co n
by
1 ,0 2 5 ,0 0 0
surplus
the A tto r n e y -G e n e r a l.”
T o co m p lete the argu m en t statistics are added to show
that
cam e
the
out
u n e x p e cte d ly
from
V e n e z u e la
la rge
C olom b ia u p settin g calcu lation s.
that there are 2 5 ,2 5 8 flou r and grist m ills in the U n ite d
su pply
ba gs,
la w perm its, and the la w qu estion has been su bm itted to
an d
T o tw ith s ta n d in g this failure, the sen tim en t n ow ex ist
in g in
the coffee
trade, pa rticu la rly in this
cou n try, ig
Rio and
of the
p lo y e d foots up ab ou t 4 5 ,0 0 0 , and that the am ou n t pa id in w orld ’ s output, is b e lie v e d to be on the decrease. It is
w ages annually is $ 2 3 ,0 0 0 ,0 0 0 .
I t is to be hoped that therefore con fid en tly b eliev ed that the su pply of coffee
States, that the cap ital requ ired to run these m ills is $ 4 7 5 ,-
again
0 0 0 ,0 0 0 , that
Santos coffee, w h ich
the n u m b er o f operatives
an d clerks em
of a
bullish tenor.
T h e prod u ction
of
represents ab ou t tw o-thirds
this yea r w ill fa ll co n sid e ra b ly short o f requ irem en ts, so
that a m a terial in roa d w ill he
m a de
in to
the ex istin g
stocks in the w o rld ’ s m arkets, the
assu m ption also b e in g
that n o
an y o f the p ro d u cin g
surplus
cou n tries
poin t
to
stocks e x ist in
he m a rk eted this season an d again disap
an ticip ations.
T h e fo llo w in g table sh ow s the e x
tent o f the o v e r-p ro d u ctio n fo r severa l y e a r s past and the
ex p ecte d decrease in supplies for the cu rren t year.
W o r ld ’ s sto ck
beginning o f
crop yea r.
S ag s.
18969 7 ..................... 2 ,5 8 8 ,1 9 3
18979 8 .................. 3 ,9 7 5 ,8 8 0
189899 .................. 5 ,4 3 5 ,9 7 4
18990 0 .................. 6 ,2 0 0 ,0 1 3
19000 1 .................. 5 ,8 4 0 ,5 6 1
19010 2 ................... 6 ,8 6 7 ,6 2 7
19020 3 ................... 1 1 ,2 6 1 ,3 3 1
1 9 0 3 - 0 4 .................................. 1 1 ,9 0 0 ,1 7 3
190405 ................... 1 2 ,3 6 1 ,4 6 4
B io a n d
S a n to s c r o p .
B ags.
8 ,6 8 0 ,0 0 0
1 0 ,4 6 2 ,0 0 0
8 ,7 7 1 ,0 0 0
8 ,9 5 9 ,0 0 0
3 0 ,9 2 7 ,0 0 0
1 5 ,4 3 9 ,0 0 0
1 2 ,3 2 4 ,0 0 0
1 0 ,4 0 8 ,0 0 0
* 9 ,5 0 0 ,0 0 0
Other
k in d s .
B ags.
4 ,9 5 2 ,0 0 0
5 ,5 7 0 ,0 0 0
6 ,4 7 4 ,0 0 0
5 ,5 5 4 ,0 0 0
4 ,4 3 0 ,0 0 0
4 ,4 7 1 ,0 0 0
4 ,2 8 1 ,0 0 0
6 ,2 0 0 ,0 0 0
* 4 ,5 0 0 ,0 0 0
D e liv e r ie s .
B a g s.
1 2 ,2 4 4 ,2 0 4
1 4 ,5 7 1 ,9 0 2
1 3 ,4 8 0 ,9 0 4
1 4 ,9 7 2 ,6 9 9
1 4 ,3 2 9 ,9 2 5
1 5 ,5 1 6 ,6 6 3
1 5 ,9 6 6 ,4 9 8
1 6 ,1 3 3 ,7 0 7
* 1 6 ,1 0 0 ,0 0 0
g e n e ra lly
a cce p te d
* Estimated.
A s sh ow n b y the a b o v e table, the
estim ate o f this y e a r’ s p ro d u ction o f the R io an d S a n tos
coffee crop is 9 ,5 0 0 ,0 0 0
hags,
crops o f other kinds
coffee
hags.
of
T h e se estim ates in d ica te
an d
the
is
p la ced
a
tota l
curren t crop year o f 1 4 ,0 0 0 ,0 0 0 h ags.
ou ttu rn
o f the
at 4 ,5 0 0 ,0 0 0
su pply for the
The
in d ica tion s
are that the ta k in gs for con su m p tion w ill be
p r a c tic a lly
the sam e as last year, or 1 6 ,1 0 0 ,0 0 0 bags, thus
w h ich foresh adow s,
crop y ea r
J u ly
1
1905
to
T h ose
after
o f cou rse, a re o f
d u ctio n in the w o rld ’ s stock o f coffee at th e
the n e w
replaced by another, which shows definitely what was the
cause of the former.
“ The vegetation remaining above the ‘ b e lt’ tends to dis
appear completely in the full-grown tree, its capacity for
bearing fruit being confined to the ‘ skirt,’ that is, to the
part between the ‘ b e lt’ and the ground, and this aspect
of the tree, with its upper leaves curled up as if by severe
frost, is what .unfortunately, is the fate awaiting perhaps
two-thirds of the Sao Paulo coffee plantations. W ith this
there is, as one might expect, a falling off in the crops, and
time, the most important factor, does not fail to bring with
increasing frequency still other causes for a smaller yield.
“ The careful observer comes to the conclusion, finally,
that with the present trees, the very ones that made this
region famous for its production, it w ill no longer be possi
ble for the State of Sao Paulo to put upon the market suf
ficient coffee to meet the demands of consumers, much less
to show the excess o f production which is still a source of
uneasiness to many. On the contrary, as will probably be
crushingly demonstrated by the crop o f 1905, the diminution
in the production of the Sao Paulo coffee trees w ill break
the record for poor crops, and prove a tremendous surprise
considering the number o f trees we are said to possess. The
truth is that the number can no longer be so great as deter
mined a few years ago by statistics compiled for economic
reasons unnecessary to recall, that still continue, if dis
guised by the courage with which they have been met by
planters of Sao Paulo.”
sh ow in g
a sh ortage in p ro d u ctio n as com p a red w ith the con su m p tion
o f 2 ,1 0 0 ,0 0 0 hags,
2G69
THE CHRONICLE.
D eo . 17, 1904]
coffee
o p e n in g o f E a s t
1 0 ,2 5 0 ,0 0 0
bags.
U n til this w eek no u nu su al sp ecu la tiv e a ctiv ity h ad b een
w ho
cla im
fa v o r
also
of
a h ig h er
sm aller
other
cou n tries.
are that the crop
p a ra tiv ely sm all one.
ra n g e o f
y ield s
of
Java
in the
A d v ic e s
p rices h ere
p rod u ction
from
etc.? w ill he
the
a com
H a y ti, w h ich last yea r p rod u ced
a la rg e crop, w ill h ave, it is b eliev ed , sligh tly less than
exp erien ced the presen t crop year in the coffee m arket,
an avera ge y ield .
th ou gh the te n d e n cy o f p rices has been tow ards a h igh er
forty per cen t sm aller than last y ea r.
basis.
o f C olom b ia , w h ich p reviou s to the in su rrection in that
on
T h e past fe w days, h ow ev er, d ea lin gs
a la rg e
scale.
T h e p rice for the spot
gra d u a lly im p ro v e d u n til it n o w stands
in g
an
a d va n ce
of
cents
per
low p oin t to u ch e d last sp rin g, w h ile
h a v e been
op tion has
cou n try p rod u ced on an a v era g e a b ou t 4 5 0 ,0 0 0 b a gs a n
n u a lly, is ex p ected this yea r to g iv e a crop o f on ly 1 5 0 ,-
po u n d
from
the
S ep tem b er d eliv ery
fo llo w in g
0 0 0 bags.
Y e n e z u e la is ex p e cte d to p rod u ce a crop o f
a b ou t 2 7 5 ,0 0 0 ba gs, com p a red w ith a ten -y ea rs’ a v era g e
o f 4 5 0 ,0 0 0 bags.
G u a tem a la , h ow ev er, it is understood,
p rice tou ch ed last M a rch for S e p w ill p rod u ce a fu ll crop an d M e x ic o , it is b e lie v e d , w ill
tem ber d e liv e ry 1904 .
The
T h e U n ite d States
at 7*35c., sh ow
19 05 has a d v a n ce d to 8 -3 0 c., sh ow in g a rise o f o v e r 2 £ c.
per p o u n d from the
T h e crop o f P o r t o R i c o is estim a ted
h a v e a crop o v er the a v era g e.
e x tra ct from a recen t rep ort b y the
S ecreta ry o f A g r ic u lt u r e for the
S ta te o f S a o P a u lo ,
P r ice s thus far this cro p y ea r h a v e b een on a rem u n er
a tiv e basis to the coffee p roducer, and this has b een an
B ra zil, claim s, it w ill be seen, that con d ition s h a v e to an
in d u cem en t to h im to h urry his su pplies to m arket.
im portan t e x te n t ch a n g ed in the coffee-p rod u cin g zon e o f
form a tion r e ce iv e d
B r a z il ■
from B r a z il w as to the effect th at the u n p reced en ted ly la rge
d u rin g
In
the la tter pa rt o f N o v e m b e r
“ It seems unquestionable, as meteorological observations p roportion o f 85 per cen t o f the S a n tos crop had been
inform, that this State, until recently endowed with ideal
shipped to m arket.
T h e su pply o f coffee that has been
conditions for coffee plantations, is gradually being deprived
a ccu m u la ted for the A m e r ic a n m a rk et stands far in
by a radical change in the climate of the factor that most
contributed to the building up of the greatest and most pros ex cess o f all p reviou s records. O n D e c . 1st the su pply
perous tropical industry in the world.
o f all k in ds o f coffee in sigh t for the U n ite d S tates m ar
“ The contrast between the coffee tree of to-day and that kets am ou n ted to 4 ,6 1 1 ,4 5 5 bags, co m p a re d w ith 3 ,3 7 7 ,6 6 1
of several years ago is striking. The coffee tree then was so
bags on J u ly 1st, the o p e n in g o f th e crop y ea r, and 3 ,1 6 6 ,luxuriant in its growth as to challenge comparison with the
4 0 4 b a gs on D e c . 1st 1 9 0 3 .
O n the other hand, h o w e v e r,
most beautiful shrubs, perfect in form by its complete
covering, without any break in the continuity of the leaves; E u ro p e has ap peared to la ck co n fid e n ce in the situ ation,
but to-day its very appearance shows its deterioration.
b e in g a v e ry m e a g e r b u y er, and has a llow ed her stock s
“ The impression caused by the appearance of the coffee to decrease.
I t is estim a ted that the p u rch ase b y
trees, with their branches divided about the middle o f the
E u ro p e o f B r a z il co ffee to D e c . 1st w as n ot in ex cess o f
tree by an empty space, which was then given the name of
‘ the belt’ is still fresh in the minds of planters. This then 2 .2 5 0 .0 0 0 ba gs, w h erea s in recen t years E u r o p e ’ s p u r
signified to the planter nothing less than the result of the chases by this date h a v e b een in the n e ig h b orh ood o f
impoverishment of the soil. He was far from supposing it 3 .5 0 0 .0 0 0 to 4 ,0 0 0 ,0 0 0 bags. T h e su pply o f all kinds o f
could be the first symptom of unfavorable olimatic influence coffee in sigh t for E u ro p e on D e c. 1st a m ou n ted to
fraught with still graver disaster.
“ Gradually, as observation showed that the same thing 6 ,9 2 1 ,2 7 5 b a g s ; this sh ow s a sh rin ka ge o f 9 1 1 ,5 1 8 ba gs
occurred with trees planted in soil that seemed considered >from J u ly 1st, the o p en in g o f the crop year, w h en the
ideal, the phenomenon began to be explained by the great su pply in sigh t for E u ro p e w as 7 ,8 3 2 ,7 9 3 bags, and on
strain to which the trees were subjected by the enormous ! D e c . 1st 1 9 0 3 the E u rop ea n v is ib le su pply w as grea ter
crops, which after all were nothing more than a proof of the
b y 1 ,4 6 8 ,4 3 0 bags than on the sa m e date this year, and
early vigor of the soil. To-day, however, as may be seen, j
the ‘ belted’ aspect of the tree tends to disappear, so as to be a m ou n ted to 8 ,3 8 9 ,7 0 5 bags.
2070
[VOL. LXX1X
rIIE CHRONICLE.
m arkets
their earnings, and on ly on e o f these is for an am ount in
seem to bo lo o k in g forw ard to a reviv a l o f sp ecu la tiv e
excess o f $ 3 0 ,0 0 0 , n am ely the C h ica g o G rea t W estern ,
a ctivity
and in the case o f that road the figures the present year
The
bull interests in the A m e rica n
coffee
du rin g the secon d h a lf o f the crop year, w hen
they b elie ve that this y ea r’ s sh ortage in p rod u ction w ill
are based on a grea tly dim in ish ed m ileage.
be co m e m ore apparent and rapidly d ecrea sin g stocks w ill
roads show
be experien ced.
A m e rica n
T h e supply o f coffee availab le for the
m arket, it is true, is a record -b rea k in g one,
but it appears
to
be
la rg ely under the con trol o f a few
strong interests, wdio, should the m arket
turn
in
favor, are n ot ex p e cte d to hurry the m a rk etin g
holdin gs, bu t to do all in
their
o f their
their p ow er to foster an a d
v a n cin g ten d en cy to prices.
T h e coffee trade
am ounts.
T h e C anadian P a c ific heads the list w ith an
in crease o f
in m uch
$ 5 1 6 ,0 9 1 , bu t the G rea t N orthern
the
sam e
section ,
is
a
close
System ,
secon d, w ith
$ 4 9 0 ,6 1 8 gain , w h ile the N orth ern P a c ific reports $ 3 9 2 ,
967
increase.
N ew Y o r k
dle
of E u rop e has n ot been in clin ed to
A l l the oilier
gains, the m ost o f them for considerable
to
W est
A m ong
C en tral
the
the
E astern
trunk
has $ 4 1 3 ,3 3 8 gain .
Illin ois
C en tra l
its last y e a r’ s earn ings
lines
the
the M id
ad ded
has
In
$ 4 0 3 ,5 1 5
and the W a b a s h $ 2 3 9 ,7 3 6 .
g iv e full cred en ce to the reports r e ce iv e d from p rod u cin g
In the S ou th there are the Sou th ern K a ilw a y , w h ich has
coun tries o f a m aterial red u ction
bettered last y ea r’ s results
crops.
in the
outturn o f their
T h e disastrous resu lt o f last y e a r’ s sp ecu lative
m ov em en t, in w h ich E u rop ea n interests w ere b e lie v e d to
v ille & N a sh ville, w hich
w h ile
h ave been the h eaviest losers, has had the effect o f crea t and
in g
in creased
con servatism
m e r c h a n ts ; th ey therefore
on the part
h ave
o f E u rop ea n
sh ow n a preferen ce to
and
roads
in
the
by $ 3 6 4 ,0 8 7 , an d the L o u is
has
done better by $ 3 0 8 ,8 6 7 ,
Sou th w est the M issou ri K a n sa s & T ex a s
M issou ri P a c ific m ay be m en tioned, w ith $ 3 3 1 ,3 6 4
$ 2 0 3 ,0 0 0
are
gain , resp ectiv ely .
E ven
the
C olora d o
distin gu ish ed for im p rov ed results this tim e,
dispose o f e x istin g surplus stocks in their hands, obtain com pa rison n ow b e in g w ith the p eriod in 1 9 03 w hen the
the break o f m in in g
in g p rices w h ich show a fa ir r e c o v e r y from
last sp rin g in valu es.
T h is attitu d e o f E u ro p e in ta k in g
a d va n tage o f im p ro v in g p rices to
and
g iv e
from
a
sk ep tical
B ra z il
and
ear
oth er
to
red u ce ex istin g stocks
the
statem en ts co m in g
coffee-p rod u cin g
countries,
troubles
had
alrea dy beg u n
affairs.
The
D enver
part in
&
$ 2 2 7 ,3 0 0 in crea se and the C olora d o
increase.
Thus
to play an a ctiv e
R io
G ra n d e records
Sou th ern
p ra ctica lly all sections
$ 5 0 ,4 3 3
o f the cou n try
are represented, and the record is on e o f la rg e and g e n
eral im p rov em en t.
I n the fo llo w in g
crops
form , w e
ch a n ges
w ill be short o f requ irem ents, has n ecessitated the takin gs
$ 3 0 ,0 0 0 .
that
con d ition s
g ro w th
have
o f coffee and
n ot
b een
that the
fa v ora b le
ou ttu rn
for
o f the
the
b y A m e r ic a n interests o f an u n u su a lly la rg e percen ta ge
o f the su pply o f coffee m arketed thus far this crop year*
I t n o w rem ains to be seen w h eth er or n o t the secon d
h a lf o f the present crop yea r w ill sh ow the decrease in
this sea son ’ s p rod u ction that m ost o f the reports from the
p ro d u cin g
cou n tries
have
foresh ad ow ed ,
and
if
so
w h eth er E u ro p e w ill con tin u e to keep in the b a ck g ro u n d
as a bu yer.
sh ow
a ll
Increase*.
$316,091
490,618
413,338
403,515
392,967
354,087
831,364
308,867
254,756
239,738
227,300
203,00 0
155,240
139,562
121,801
119,324
100,924
Wabash.... .. .. .. .__
M Pae. &Iron Mt. >
o.
GROSS E A R N IN G S
NOVEM BER.
FOR
T h e N o v e m b e r statem en t o f railroa d gross earnings is
the best o f the year.
N eith e r in am ou n t or ratio has any
previou s m onth show n so la rg e an increase.
O ur com
pilation s o f cou rse c o v e r on ly the roads w h ich fu rn ish
Central B r a n c h ... s
M inn.8t.P . & 8. Ste M .
Y asoo & M iss. V aU ey.
Central o f G e o r g ia ..
Grand T runk Sy&t’ m
o f Canada <3 r’ ds).
Oln. N .O .& T e x . P a e ..
table, in our usual
am ounts in ex cess o f
IK GROSS S A R X IK G S
P B IS O rP A L O H AK G BS
Canadian P a c in o -------G reat N orthern Bye
M ontana Central
N. Y . C e n t r a l ...... .
Illinois C en tral.. . . .
N orth ern P a c ific ...
Southern R a ilw a y .—
Mo. K ansas & T e x a s ..
L ouisville & N ashville
Pere M arquette...........
D enver & R io G ran de.
R A IL R O A D
for
IK
NOVEMBER.
Increases.
W iscon sin C e n t r a l....
Bt. L ouis S outhw est...
St. L ouis Van. & T. H .
T ol. St. L. < W estern .
fe
Nash. C h a t.* St. L o u is
T exas & P a cific....... .
M obile A O h io..............
Buff. R ooh .& P ittsb ’ gh
C olorado < Southern.
fe
Tol. & Ohio C e n tr a l...
C h lo.In d p U s& L ou isv .
A la. Gr’ t Southern......
D uluth So. 8h. & A l l . .
A la .N .O .& T .P .(3 r ’ ds)
W heeling & L. E r i e ... .
$81,992
75,359
72,138
65,444
63,613
60,222
54,815
5 1 ,146
60 ,483
49,431
4 4 ,979
4 2 ,532
36,114
32,263
30,982
T o ta l (rep resen tin g
38 r o a d s )____ ____ $5 ,593 ,956
C hic. G re a tW e e te r n * 8*
$61,790
P a r ticu la r sign ifica n ce atta ch es to this la rg e and satis'
fa ctory list o f gain s b y reason o f the
circu m sta n ce that
the im p rov em en t has b een m a d e in fa ce o f a sm aller
prelim in a ry reports (it b ein g too early for an y o f the
grain m ov e m e n t at the W e s t and also (w h a t m a y seem
others) and on these the g a in o v er the sam e m on th last
su rprising in v ie w o f the la rge cro p ) a som ew h a t sm aller
y e a r reaches $ 5 ,7 1 7 ,7 1 6 , or 9-88 per cent.
T h e rem ark
m a de b y us in r e v ie w in g the figures fo r th e p reviou s
cotton m ov em en t in the Sou th .
liv e-stock
m ov em en t in
O n the oth er hand, the
the W e s t , sp eak in g o f it as a
m on th , n am ely that the com parisons are stea d ily g ro w w h ole, w as m u ch h ea v ier the presen t year.
in g better, applies o f cou rse w ith a d d ition a l fo rce n ow
also
that w e h a v e these figures.
Thus
U p to and in clu d in g J u ly
ou r early p relim in a ry com p ila tion s reco rd e d a loss each
m on th .
several
the
T h ere w ere
oth er fa v ora b le in flu ences and con d ition s.
m on th
had on e m ore w o rk in g da y than the
sam e m on th last year, N o v e m b e r 1 9 0 4 h a v in g con ta in ed
I n A u g u s t there w as for the first tim e an in on ly fou r Su n days, against fiv e S u n days in N o v e m b e r
crease, this in crea se a m ou n tin g to $ 1 ,9 5 1 ,2 9 8 , or 3*39
1903.
per cent; in S ep tem b er a still la rger im p rov em en t w as
to sw ell the pa ssen ger receip ts o f m a n y differen t roads
sh ow n, the in crease b e in g $ 2 ,4 6 5 ,0 8 8 , or 4*17 per cent;
and system s, atten dan ce at the F a ir h a v in g been quite
in
large, m ore esp ecia lly as N o v e m b e r w as the last m on th
O cto b e r,
th ou gh
the
m on th in
1 9 0 4 had on e less
T h en
the W o r ld ’ s F a ir at St. L o u is operated
w o rk in g day than the sam e m on th o f 1 9 03 , the g ain w as
du ring w h ich the E x p o s itio n was open.
alm ost equ ally large, b e in g $ 2 ,4 5 0 ,2 7 2 , or 3-83 per cent;
he rem em b ered that in this m on th o f last yea r the roads
for N o v e m b e r n ow , as w e h ave ju st seen, this am ou n t is
had already beg u n to feel the effects o f the in du stria l de
m ore than dou bled, the g ain b e in g $ 5 ,7 1 7 ,7 1 6 , or 9-S8
pression, w h ich later w as to assum e in crea sin g dim en
per cent.
sions.
S u ch results are certain ly en cou ra gin g .
A n d , w hat is
p a rticu la rly g ra tify in g is that the sh ow in g is m u ch the
sam e
for
the
O u t o f the 68
separate roads con sid ered b y them selves.
roads w h ich are in clu d ed in our totals,
there are no m ore than 6 w hich h ave fallen beh in d in
I t sh ou ld also
S till, this last is a circu m sta n ce o f im p orta n ce
chiefly as con cern s som e o f the separate roads.
a g g re g a te our table
an increase, the
I n the
at that tim e sh ow ed, n ot a loss bu t
am ou n t o f this
in crease, too, h a v in g
been o f qu ite fair p rop ortion s— $ 2 ,3 3 3 ,4 3 5 , or 4-03 p er
cent.
O f course, the
a ll-p erva d in g
fa v o ra b le
circu m -
D C 17,1904.1
E.
the
c h r o n ic l e .
stance the present year in November was the revival in
general trade. The iron and steel industry, as will be
recalled, got under almost full headway again in No;vember, while evidences of improved business were mani;fest in many other branches and lines of trade. In the
following we show the November totals for a number of
years past.
Mileage.
Year
Given.
Year
Preceding.
Gross Earnings.
Year
Given.
Increase
or
Decrease.
Year
Preceding.
Miles.
Miles.
(123 roads).
U20 roads).
(114roads).
(1 17roads),
(1 05roads).
(ICO roads).
(74 roads).
(70 roads)
(6 8 roads).
89,930
96,391
89.367
98,054
97,494
103,453
90,106
86,742
84,002
89,214
95.103
88,235
96,907
94,069
101,924
88,251
84,573
82,427
39,415,323
60,213,481
47,777,989
59,800,183
59,109,448
63,000,706
02,023,08-/
60,220,608
63,580,601
44,188,179
41,517,497
46,833,778
54,149,899
57,853,427
01,200,137
67,983,250
57,837,(73
67,818,885
\ Jan.l to Nov, 80
|1890 (110 roads).
f!89T (119 roads).
i l8 9 8 (114 roads).
[1899(110 roads).
[ 1900 (103 roads)
[1901 (93 roads).
190* (7 4 roads).
11908 (7 0 roads).
11904 (6 7 roads).
88,029
95,150
89,367
90,807
90,030
102,493
90,100
88,742
83,988
87,907
93,878
88,235
95,172
93,195
100,995
. 88,251
84,573
82,303
411,024,390
400,082,390
401,937,617
659,918,434
595,487,046
077,212,805
023,770,403
639,338.998
613,563,406
404,030.777
433915,117
424.007,183
511,490.018
642.700,820
009,289,714
670,882,964
570,673,053
006,652,803
November,
, 1890
! 1897
11898
:1888
f1900
[1901
,1902
1903
'i M t
N
o te
$
%
Dec.
Inc.
Inc .
Inc.
Inc.
Inc.
Inc.
Inc .
Inc.
$
4,772,550
8,095,934
1,944,211
5,650,284
1,316,021
7,700,0^9
4,039,337
2,333,435
5,717,710
Inc. 6,987,013
Inc. 20,767,279
In c .37,930,434
Inc. 48,422,421
In c .62,786,825
In c .07,978,C91
Inc. 40,898,509
Inc. 62,705,940
Inc. 7,000,642
2671
The live-stock movement was larger both in the cattle
receipts and in the receipts of hogs, while on the other
hand the number of sheep brought in was smaller. The
figures relate to the combined markets of Kansas City,
Chicago, Omaha, St. Louis and St. Joseph, and they
show sheep receipts of only 797,496 head for November
1904 against 953,916 head for November 1903, but hog
receipts of 1,525,935 head against 1,185,881, and cattle
receipts of 887,383 head against 815,882 head.
The reason why the cotton movement in the South did
not quite equal that of last year is that in 1903 the crop
was very late (comparatively little coming forward in
September), so that an unusual quantity was crowded
into October and November. At the Southern outports
the receipts this year were 1,660,932 bales against
1,725,454 bales last year. It will be seen from the fol
lowing, however, that the greater part of the whole loss
occurred at Galveston, most of the other ports showing a
larger movement than a year ago. It remains to be
added that the shipments overland were also heavier
than in 1903, though not quite coming up to 1902,
the comparison being 232,491 bales, against 190,196
bales and 248,691 bales.
.— W e d o n o t I n c l u d e t h e M e x i c a n r o a d s i n a n y o f t h e y e a r s .
The statement was made above that the grain move
ment had been smaller in November 1904 than in Nov
ember 1903. Taking the four weeks ending November
26, the receipts of wheat at the Western primary markets
were only 26,865,762 bushels this year, as compared with
33,592,547 bushels in the corresponding four weeks of
last year. There was also a diminution in the deliveries
of oats, of barley and of rye, and the loss here was offset
only in small part by the increased arrivals of corn.
Altogether the receipts of wheat, corn, oats, barley and
rye fell off over 11,000,000 bushels, the total for the four
weeks of 1904 being only 59,287,406 bushels, against
70,341,592 bushels for 1903, as may be seen by the
Subjoined table.
BBOEIPTB Off if'IjOUK ANI> G R A I N FOR FOUR W E E K S E N D IN G N O V E M B E R
2 6 AND S IN C E JANUARY 1 .
P low ,
W heat*
(bhl s.)
C b u sh .)
k CMcaoo— _
688,198
} 4 wks. N ot ., 1004
726,185
4 wks. N ot ., 1908
t-Since Jan* 1,1904 8,284,807
0,070,880
i Since J a m l, 1903
r Milwaukee
881,*50
14 wks. N ov., 1904
438,000
r4 wks. N ot ., 1903
i Since J a n .l, 1904 2,084,600
f Since J a n .l, 1908 8,115,9 i0
St. Louis
108,226
i 4 wks. N ov., 1904
205.060
[ 4 wks. N ot ., 1903
[Since Jan.1,1904 2,180 980
: Since J a n .l, 1903 2,118,086
Gate*
(bush.)
B a r le y *
(b u s h .)
B ye o
( b u s h ,)
2,440,083
180,011
0,103,900 4,148.471 2,045,701
5,006,655
257,080
0.319,875 6,627,294 3,894,856
22,O30,v94 81.U09.414 07,714.247 22,v93,05 2,220,892
24,198,894 80.021,228 82,417,703 20,530,04: 2,771,044
897,146
1,441,920
7,526,150
7,845,924
183.400
549.900 2,068,200
104.000
527,930 2.431,810
2,192.05 0,971,550 15,193 30> 1.312.000
2.080,410 7,703,500 16,837,950
890.400
133,950
180,800
1,632.837
2,171,840
22,189,215
19,862.076
800,110
934.200
000,506 1.324 670
10,450,000 16,929.590
20,132,468 18,660,085
318,250
355.000
4,428 470
6.621,613
ToUdo
! 4 wks. N ot ., 1904
i 4 wks. N ot ., 1903
[Since Jan.1,1904
Since J a n .l, 1903
! Detroit—
C om ,
( b u s h .)
896,000
411,400
792.00c
6i0,OUO
0,010,747 7,001,400
11,548,902 0,427,309
113,530
820,000
175,663
487.000
00H.408
2.841.001
2.486.001 1.210.000
2,40r
8,b00
17,0)6
67,410
49,4 80
17,100
100,818
19,000
54,7u0
286,800
200 a 5o
182.441
8 10,243
2,205.044
2,040,800
Cleveland—
4 wks. N ot ., 1904
|4 wke. N o t ., 1903
ec.oas
603 808
856,903
93,931
333,100
828,053
1,762,071
492,039
788,377
611,79r
043,400,783,514 7,944,118
0,918,177 0.623,91b
02,050
61 000
847,9>6
704,105
83.400
90.400
830,200
814.000
076.900
681,100
1 7 % -0 ,0 U l 10,241,600
2
18,022,96( 9,529,830
845,300
317,100
2,0O3.5O(
635,700
705,500
2,702,500
Since Jan.1,1904
[ Since J a n .l, 1903 4,600,400
4,6*5,564
7 ,8 10,07a
22^51,642
26,411,383
1.274,028
1,087,783
10,307,140
29,28)
974 4,917,109
Peoria—
D iln t ,
4 wks. N ot ., 1904
, 4 wks. JSov., 1903
MinnravoHe—
4 wks. N ot ., 1904
4 W ks. N o v .. 1903
Btnoe J a n .l, 1904
[ Since J a n .l, 1903
; Kansas City
4 wks. N ot ., 1904
4 wkB. N ot ., 1903
Since Jan.1,1904
Binoe Jan. 1,1903
November
P o rts.
1904.
Total...... ..................
1908.
473,380
41,774
490,532
62,675
21,818
Galveston.. . . . . . . . hates
Sabine Pass Ac..........
#ew Orleans.- ..............
Mobile,...........................
PiDneois. &e.....c..........
Savannah........................
Brunswick, A c .,..........
harlsston.......................
Fort Royal, Ac............
Wilmington.....................
Wsu hlngton, A c ..........
lorfclk...........................
Newport News, Ac.........
047.429
31,003
483,950
277,542
43,122
31,286
28k
74,267
81
130,256
1,964
Since January
1902.
50,031
25,487
239,420
42,519
30,652
166
70,863
104
96,816
1,024
1904.
1903.
1.
1908.
888,185 2,007,699 1,9)0 ,0 1 7 1,843,968
140,685
24,719 107,986
105,774
450,700 1,788,799 1,757,680 1,919,950
42,098 193,778
197,104
189,907
18,568
97,423
115,5 9
182,491
239,000 1,209,850 1,051,245 1,016,620
23,746 110,982
117,068
1( 8 340
28,796 103,384
152,009
211,477
1
768
907
280
290,014
48,813 259,824
237,661
121
122
859
807
496,e08
407,608
380,640
76,81*
19.434
17,928
87.940
5,4C6
1,000,032. 1,725,454 1,852,824 0,404,546 0,171,178 6,179,369
To complete our analysis, we furnish the following sixyear comparisons of earnings for the more important
roads contributing returns, arranged in groups.
E A R N I N G S O F SO U TH ERN Q B O U T .
November.
A la b a m a G t . S o . .
G e n t, o f G e o r g ia .
I l n J N .O - A T e x .F .
L o u is v . A N a s h v ..
i o b i l e A O h io ...
3 a f:h .C h a t .A 8 t .L
sou th ern R y ... )
S t. L o u i s D i v . 5
f a z o o A M is s .V a l.
T o t a l ................
1 904.
1903.
1802.
3
$
$
2 8 !,8 2 0
265,401
297,933
791,932
852,705
974,60k
400,482
636,590
636,514
63,894,216 68,085,348 52,950,463
044,881
787,106
082,201
777,768
864,0=2
800,409
1801.
$
220.861
761,406
474,106
b2,707,007
565,432
686,712
1600.
?
201,440
017,802
394,193
52,41^,632
661,968
608,234
1899.
$
196,821
677,291
4,109,864
3,745,707
3,505,722
944,835
805,278
780,391
775,493
689,013
440 ,0 0 7
2.467.1T1
6 7 2 ,7 8 0
601,023
8,8 06 .1 4 7
177,293
6 6 4 ,6 0 9
11,659,106 10,702,904 10,101,369
9,470,162
8,640,703
8,4 92 ,2 8 8
3,298,454 3,005,875 |
107,0=8
186,22
204,398
384,067
290,385
3.090,21 4,704,012
3,220,008 8,740,046
4 wks. N ot ., 1904
4 wks. N ov.. 1908
1
Bince J a n .l, 1904
Since Jan. 1,1903
JANUARY 1 TO NOVEMBER 3 0 , 1 9 0 4 , 1 9 0 3 AND 1 9 0 2 .
6 F r e i g h t o n m a t e r ia l c a r r i e d f o r c o m p a n y 's o w n u s e is n o l o n g e r c r e d i t e d t o
e a r n in g s , t h e I t e m h a y i n g b e e n e l i m i n a t e d f r o m b o t h e a r n i n g s a n d e x p e n s e s *
T h e fig u r e s f o r 1 9 0 4 ,1 9 0 3 ,1 9 0 2 ,1 0 0 1 a n d 1600 a r e g i v e n o n t h i s b a s is .
[4 wks. N ov., 1904
[4 wks. N ov., 1903|
!Since Jan.1,1904
JJBince J a n .l, 1003
Bince J a n .l, 1904
; Since J a n .l, 1903
RECEIPTS OF COTTON AT SOUTHSRN PORTS IN NOVEMBER, AND FROM
WARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
S8.241
12,827,400
12,922,411
70,040,471
74,967,101
3,989,700
3,818,000
38,58^,170
29,010,040
2,473,000
1,60*,000
105,93(
134.910
8,180,08*
2,581,567
28,305
4,126
170 463
10,807
890
6oO
11,607
November.
600
20,000
A n n A r b o r ...............
B u f f .R o c h . A P i t t s
l,08d,80u
24J,^0C
1,809,326
1,157,38*
7,311,207
210,203
202,7«6
971,777
901,623
O h lo .I n d .A L o u ls v .
G r a n d T r u n k S y s ,.
H o o k in g V a l l e y . .
I l l in o is C e n t r a l . . . .
N .Y . C e n t . A H . R .+
P a re M a r q u e t t e ...
3 t. L . V a n . A T . H .
£ o l . A O h io C e n t . .
P o l. P e o . A W e s t . .
T o l . B t .L . A W e s t .
W a b a s h .....................
5,928,18b
89.200
200,000
362,180
1,903,780 1,434,520
295,477
2 011,780 1,776,7-0
24,419,*80 9,749,231) 1,802,331
19,524,842 10,347,710 1,417,797
510,000
833,700
40^,040
427.200
12,162.000 4,871,000
13 850,48C 0,152,200
Total of a ll4 wks. N o t ., 1904 1,930,701 90,805.762 11,044,865 11,460,464 8,241,811 1,008.584
4 wks.Nev., 1908 2.879,67a 83 692,647 10.858,683 14,748,430 10,074,440 1 , ( 78.092
Since Jan.1,1904 10,931,540 190 970.909 150 8*4 889 159815693 00,199,828 7,473.878
Since J a n .l, 1908)18.207.269 192.444,997 105,289.759*105568100 57.184.574f 7,598,517
W h e e l.
A L.
E r ie ..
1904.
1903.
$
1
101,14*
107,753
043,772
694,918
459,922
414,948
3,044,324 2,925,000
488,061
612,328
4,475,145 4.071,030
7.014,224 6,600,836
♦1,103,044 •208,883
205,876
278,014
802,783
352,214
97,971
3 1 1 ,(0 0
261,299
810,743
2,067,812 1,8 1 8 t07t
867,704
888,746
1909.
1801.
%
$
168,208
170,250
694,81(
623,106
881,369
400,511
2,726,461 2,464,299
4 69,9 0
477,804
3,741,8*0 3,486,864
0,427,977 5,837,016
791,067
♦903,438
180,9 i6
178,40*
250.262
206,077
99,243
91,270
290,202
223,504
1,714,909 1,639,573
298,144
368,143
1800.
1899.
$
150,839
488 398
333,068
2,407,008
407,770
3,142,838
5,704,612
712,771
159,077
217,900
92,457
204,081
3
168,610
413,281
360,023
2,420,480
389,653
2,831,703
4," *5,492
043,428
107,415
200,300
80,023
179,553
1,410,401
259,109
1,431,685
205,181
T o t a l .................... 21,037,398 19,248,097 18,860,242 16,809,59k 15,072,045 14.287,045
• I n c l u d e s L a k e E r ie A D e t r o i t R i v e r R y . in 1904, in 1903 a n d in 1902.
t T h e F a ll B r o o k S y s t e m , t h e B e e c h C r e e k H R . a n d t h e W a l l k i l l V a l i e v R R *
in c lu d e d f o r a ll t h e y e a r s , a n d B o s t o n A A l b a n y In 1 9 0 4 ,1 9 0 8 ,1 9 0 2 ,1 9 0 1 a n d lOOfr
267:!
THE CHRONICLE.
H
AJBEriN Or iNOHiawUSTBKN AND NOKXH fiO fflO GROUP.
Gts
1008.
1004.
November.
1003.
GROSS E A R N IN G S FHOM J A H B A K Y 1 TO NOVEMBER 30.
1889.
1800.
1901.
s
%
t
S
$
1
4,669,000 4,142,909 8,070,000 8,688,883 2,748,680 2,077,404
652,185
667,018
760,872
078,658
094,688
660,887
186,270
170,128
221,88*
107,174
217,888
204,805
4,009,823 4,178,206 4,177,880 8,770,410 2,714.817 2,016,186
200,037
224,430
177,141
217,956
106,085
198,821
258,072
806,000
273,200
201,284
816,282
200,072
750.661
742,101
604,803
£28,692
014,894
408,774
(8.052JJ18
4,9*5,58? 4,652,000 4,370,400 4,101,675 3,028,522
{ 200,663
480,388
610,262
464.110
494,308
482,303
670,800
Canadian Paolllo.
Ohio.<31. W e s t....
Dainth 8.8.A Atl.
Great North. 8y».
Iowa C e n t r a l.......
Mlan.A St. Lonla,
M. St. P .A S .8 .M .
North. Paolllo.. ^
Bt.Panl A D u l . )
Wl*oon*tn Centfi.
T o t a l ..~ ......... 17,167,744 16,627,211 16,811,171 14,088,847 10,600,708 11.804,023
MARKINGS OB' SOUTHWB 8 TEKN GROUP.
November.
Col. & Sonth.
B ® n .* R .G r.)
R. Gr. W .. J
I a t .4 G t .N o ..
Mo. E . & T ex .
M o.F.&Ir.M t.
St.L. Bonthw.
T exas & Pao.
1904.
1903,
10 0 2 .
10 0 1.
I960.
1899.
8
%
566,389)
615,850
t
832,817
1,584,600
1,807,800
1,811,787
049,282
2.065,317
8,825,000
848,772
1,853.503
654,769
1,733/953
8,628,000
771,413
1,208,871
500,700
1,030,818
8,618,402
700,162
1,186,637
$
%
428,415
410,817
980,077
L480.98O f 088,174
( 401,194
891,081
507,482
535,015
485,067
1,574,761
1,628,883 1,308,506
8,314,788
2,914,376 2331,821
737,908
800,935
696,284
1,195,302
1,175,896
010,845
9,908,65
0,648,8*4
9.818,941
T o t a l______ 10,845,697
8
408,699
8,708,517 7,009.998
GROSS E A R N IN G S A N D M IL E A G E IN NOVEM BER.
Gross Earnings.
Name o f Road.
Mileage.
Increase or
Decrease. 1904. 1903.
1904.
Alabama Gt.Bouth’n.
Ala.N.O.&Tex.Pao.—
N.Orl.A No. E a stAla. & Vleksb____
Vicksb. Shr.&Pac..
Ann Arbor................
Beliefonte Central..
Buff. Rock. & Plttsb..
California & Northw.
Canadian Pacific___
Central of Georgia...
Ohattan. Southern...
Ohio. Great Western.
Ohle. lad. & Lcuisv..
Chic. Term. Tr. RR..
Gin. N.O. & Tex.Pac..
Colorado & Southern.
Denv.& Rio Grande)
Rio Grande West. >
Detroit Southern_
_
Dul. So. Shore & Atl..
Qa. South. & Florida
Gr. Trunk of Can... 1
Gr. Trunk West.. >
Det. Gr.Hav. & M. )
Gt. No.—s .p .m .&m:. )
, Eastern of Minn. 5
Montana Central..
Gulf & Ship Island..
Hocking Valley____
Illinois Central...... .
Illinois Southern......
Internat’l & Gt. No..
Iowa Central— .. . . .
Kanawha & Ml eh. . .
Bake Erl© & Western.
Louisv. & Nashville,
fltaeon & Blrinlng’m.
Manlstique..... . . . . . .
Mineral Range.........
Minn. & St. Louis___
Mlnn.St.P.* S.Ste.M.
Mo.Kan. & Tex.........
Mo. Pao.&Iron Mt...
Central Branch—
Mobile Jack. & K.O..
Mobile < Ohio...........
fc
NaBh. Chat. & St. L ..
Nevada-Cal-Oregon..
N.Y.Oen.&Hnd.Riv..
Northern Paclflo......
Pere Marquette........
Raleigh & Cape Fear
Rio Grande booth’a.
St, Louis Southwes’a
St. L. Van. & T. H ...
Southern Indiana___
Southern Railway....
T.Haute & Indlanap.
T. Haute & Peoria...
Texas Central..........
Texas & Paoifio____
Tol. & Ohio Central..
Tol. Peoria <e West’n.
f
Tol. St. L. & West_
_
Toron. Ham. <eBaft..
f
Virginia & Southw...
Wabash................... .
Waeel. & Lake Erie.
Wisconsin Central..
Yazoo & Miss. Val..
T o ta l (68 roads).
1903.
*
297,938
9
255,401
9
+42,582
213,818
130,371
145*729
167,763
6,243
694,918
115,5§8
4,659,000
974,569
10,744
694,582
459,922
180,846
636,514
568,283
1,534,500
145,504
221,384
136,188
206,745
133^ 08
161,148
5,936
643,772
110,948
4,142,909
852,765
9,659
756,372
414,943
141,687
535.590
615,850
1,307,200
134,196
185,270
141,941
+ 6 ,5 7 3
+13,269
+12,431
+ 6 ,6 0 5
+307
+ 51,146
+ 4 ,6 1 0
+ 516,091
+ 121,804
+ 1,085
—61,790
+44,979
—10,811
+100,924
+50,433
+ 227,300
+11,308
+ 3 6 ,1 1 4
—5,763
196
196
143
143
189
189
292
282
27
27
553
500
205
205
8,455 8,044
1,878 1,845
105
105
818
929
591
556
102
102
336
386
1,120 1,121
2,398 2,398
432
432
578
574
895
895
3,044,324
2,925,000
+ 119,324
4,085 4 ,085
4,468,014
201,809
169,774
512,328
4,475,145
25,88-3
649,232
224,430
138,606
409,998
3,894,23.5
12,446
6,366
62,874
261,264
914,894
2,065,317
3,709,000
116,000
j/30,858
737,106
864,082
17,865
7.614,224
4,945,667
1,163,644
5,086
46,318
846,772
278,0.14
1 2 5 .U 0
4,109,854
180,011
62,251
102,276
1,358,593
352,214
111,606
316,743
69,022
47,414
2,057,812
388,746
676,800
944,835
11 7 ,1 0 2
4,047,389
181,806
152,217
488,661
4,071,630
20,333
654,769
198,321
126,227
406,511
3,085,848
12,050
5,185
46,453
*58,072
759,654
1,733,953
3,467,000
155,000
W24.449
082,291
8 CO,463
16,887
6,600,886
4,552,600
908,888
4,247
32,152
771,413
205,876
115,473
3,745,767
171,418
44,308
104,162
1,298,371
302,783
97,971
251,299
45,859
47,024
1,818,076
857,764
494,808
805,273
+420,615
+70,003
+ 7 ,5 5 ?
+ 2 3,667
+403,515
+ 5,500
—5,537
+26,100
+ 12,37£
+ 3,487
+ 30 8 ,8 6 7
+ 396
+ 1 ,1 8 1
+16,421
+ 3,192
+155,240
+ 331,364
+ 242,000
—39,000
+ 6,409
+54,815
+63,613
+ 978
+413,338
+ 392,967
+254,756
+839
+14,166
+75,359
+72,138
+9,637
+364,087
+ 8,593
+17,943
-1 ,8 7 6
+60,222
+49,431
+ 13,636
+ 65,444
+ 13,163
+ 390
+ 239,736
+ 30,982
+81,992
+ 139,562
309
5,628
260
28©
S47
4,374
137
1,159
558
177
880
S.644
97
64
127
342
1,629
3,042
5,794
388
196
912
1,226
144
3.490
5,610
2,108
34
18C
1.308
158
166
7,204
8C
174
227
1,827
440
248
451
88
809
5,828
260
261
347
4.331
137
1,149
558
177
880
3,611
97
64
127
642
1,453
2,783
5,616
388
96
912
1,201
144
3,422
5,589
2,060
34
180
1,293
158
168
7,187
80
174
227
1,754
436
24S
451
88
134
134
2,516 2,484
469
469
977
977
1,201 1,171
63,536,601 57,818,885 f5 ,7 17 ,7 1 6 84,002 82,427
M exloan R oads—< N ot inclur) ed in totals .)
494,911
Interoeeanic (M ex.)..
480,000
+14,011
Mexloan R ailw ay___ Y473,7ftO Y442.90O
+ 80,800
M exloan S ou th ern...
83,187
85.692
—2,555
Nat’l RR. o f M exico..
871,779
866,603
+ 5,276
736
321
263
1,598
[VOL. LXX1X.
736
321
263
1,376
Name of Road.
1904
Alabama Gt. Southern.
Ala. N. O. & T e x . P a o.—
N. O. & N ortheast’ n.,
Alabama & V lcksb’ g ..
V icksburg Shr. & P ao.
Ann A rb or.................
Sellefonte Central........
Buff. Rooh. & Pittsburg.
Oaltforal a & Northwest.
Canadian Pacific..........
Central of G e o r g ia .....
Chattanooga Southern.
Ohio. Great W estern_
_
Ohio. In d. < Louisv.......
fe
Ohio. Term’ l T ransfer..
Oin. New Orl.& Tex.Pao.
Colorado & Southern...
Denv. & Rio G r a n d e ..)
Rio Grande W estern {
Detroit Southern............
Dul. So. Shore & A t l....
Ga. Southern & F lorida
Grand Trunk....... . . . . . )
Gr. Trunk W estern.. >
Det. Gr. H. & M ilw .J
GreatNo. St.P.M .& M. >
East’n o f M innesota (
Montana Central. . . . . .
Gulf & Ship Island-----H oofcing V alley___ ____
Illinois C e n t r a l.._____
Illinois S o u th e rn ........
Int. < Great N orthern..
fe
Iow a C entral.. . . . . . . . .
Kanawha & M ichigan
Lake Erie & W estern ...
Louisville & N ashville..
Maoon < B irm in gh a m ..
&
M anlstique............ ........
Mineral R ange...............
Minneapolis & St. Louie
Minn. St. P.& 8. Ste. M..
Mo. Kau. & T e x a s ........
M o.Paoiflc < I r o n M t...
fe
Central B ranch..........
Mobile Jaok.& K . C ity ..
Mobile & Ohio.................
Nashv. Chat. & St. L ...
Nev.-Cah-Oregon...........
N. Y. Cent.& Hud. R iv ...
Northern Paoifio............
Pere M arquette..............
RiO'Grande Southern...
St.Louis Southwestern.
St. Louis Vand. & T. H .
Southern Indiana...........
Southern R a ilw a y ......
T. H aute & In d la n a p ...
Terre H aute & P eoria ..
Texas C entral....... .........
Texas & Paoifio..............
Toledo < Ohio C en tra l..
fe
Toledo P eoria & West’n.
Tol. St. L. & W estern....
Toronto Ham. & B u ff...
V irginia & Southw est..
W abash........................
W heeling & Lake E rie ..
Wisconsin C entral.........
Yazoo A M iss. V a lle y ..
Increase.
1903.
$
2,904,191
2,698,530
2,179,900
1,213,084
1,300,253
1,743,951
51,7(51
7,051,562
1,383,899
44,059,553
8,953,018
113,236
7,058.114
4,928,425
1,395,588
6,455,015
5,068,716
14,946,349
1,300,198
2,301,903
1,545,793
2,219,345
1,094,187
1,227,439
1,939,900
68,390
7,257,672
1. ‘293,376
42,084,141
8,491,990
108,088
7,529,061
4,930,788
1,580,075
6,147,332
5,789,299
15,738,130
1,512,598
2,533,748
1,569,524
31,033,093
32,568,616
35,405,463
2,218,889
1,663,132
5,302,686
44,211,737
272,785
5,224,241
2,262,724
i;526,871
4,528,802
34,236,303
117,570
78,785
596,772
2,600,732
6,835,323
17,390,65!
38,307,855
1,527,600
y410,104
7,301,970
9,513,827
191,111
71.679,271
44,385,822
11,080,585
419,105
7,463.075
2,908,026
1,226,622
42,689,857
1,968,657
592,742
678,578
10,797.582
8,445,770
1,214,110
3,341,057
607,590,
510,760
22,530,472
3,930,680
6,009,692
7,384,887
36,681 628
1,957,969
1,651,896
5,834,75©
43,355.323
153,092
5,289,505
2,180,550
1,484.437
4,780,236
33,627,949
128.914
64,188
525,258
2,714,754
6,733,-79S
16,032,326
38,007,010
1,399,000
2/392,896
7,120,360
9 ,1 4 0 ,137
182.914
73,465,888
44,174,006
10,'290.917
448,871
6.711.141
2,294,919
1,054,374
40,197.866
1,892,222
574,465
598,650
10,678,021
3,5-27,526
1,174,020
2.903.142
534,256
620,612
20,680,373
4,132,167
6,176,271
6.692,911
Decrease.
$
205,661
39,445
118.877
72,814
195,949
16,629
206,110
70,523
1,975,412
461,026
5,148
471,547
2,358
184,487
307,683
720',583
791,281
212,400
231,845
23,731
1,535,523
i , 276,165
260,920
11,236
532,064
856,414
119,693
65,261
82.174
42,434
251,431
608,354
11,344
14,597
71,514
101,525
1,358,325
300,945
128,000
107,208
161,610
373,690
8,197
1,786,618
211,816
789,668
29,766
751,934
608,107
172,248
2,491,991
76,435
18,277
81,928
119,511
40,090
437,815
73,334
1,849,599
691,946
81,756
109,852
201,487
166,679
T o ta l (67 roa d s).. ..613,553,405 606,552,868 16,258,781 9,258,239
7,000,542
Net lnorease (1*15 p.c.)
M exican Roads—Not Included In totals.
4,981,430
666,217
5,650,647
Interoeeanic (M e x .)....
441,800
Mexloan R a ilw a y ....... Y5,427,400 Y4,935,600
949,752
128,171
Mexloan Southern........
1,077,923
161,831
National RR. of M ex__ 10,433,95 • 10,277,126
v These figures are dow n to the end o f the third week of Nov. om y
If Figures are fo r period to Nov. 26,
FALL RIVER DIVIDENDS IN 1901.
T h e c o tto n -m a n u fa c tu r in g
tu rn ed v e r y u n sa tisfa c to r y
in d u s tr y o f F a ll R iv e r h as r e .
fin a n cia l
sh areh old ers h a v e re c e iv e d m u c h leas
1898.
r e su lts
fo r
1904 a n d
th a n in a n y y e a r sin c e
T h e u n fa v o r a b le r e s u lt is d u e to
th e p ra ctic a l w ip in g
o u t o f a ll m a r g in o f p ro fit d u r in g m u c h o f
th e season b y th e
h ig h co st o f th e r a w m a te r ia l as c o m p a re d w ith th e o b ta in a b le
se llin g price fo r m u c h
o f th e p ro d u ct.
w ere a t te m p te d to r e m e d y
V a r io u s e x p e d ie n ts
th e situ a tio n , b u t th ey fa ile d o f
th e ir p u rp o se , a n d w h e n fin a lly a n o tice o f a re d u c tio n o f w a g e s
w a s d e te r m in e d u p o n a strik e resu lted (J u ly 2 5 ) , w h ic h is y e t
in fo r c e ,
a lth o u g h o w n e r s are n o w
m a k in g
e ffo r ts
to g e t
m ills in f u ll o p e ra tio n .
T h e d e v e lo p m e n ts o f th e y e a r u p to th e first o f S e p te m b e r ,
in c lu d in g
th e
c u r ta ilm e n t
h ig h p rise s, e t c ., w e re fu ll y
o f p r o d u c tio n co n seq u en t u p o n
co v ered
in
our annual C otto n
C r o p R e p o r t issu ed la st S e p te m b e r.
T h e o n ly d e v e lo p m e n t
o f im p o r ta n c e sin ce th a t tim e is
a tte m p t to re su m e fu ll
th e
o p era tio n s referred to a b o v e .
T h e d istrib u tio n o f d iv id en d s
fo r
th e
seoon d h a lf in 1904,
la r g e ly m a d e , o f co u rse , fr o m a c c u m u la te d su rp lu s, has been
appreaiaV ly less th a n th a t fo r th e first h a lf and m u c h less sa t
isfa c to r y th an fo r th e sim ila r period o f a n y y e a r b a ck to a n d
y Figures here given are fo r three weeks on ly o f the m onth In both
years, the fou rth week not yet reported.
Y Figures are for four weeks ending N ov. 26.
in c lu d in g 1899.
T w e n t y -t w o o f th e th ir ty -tw o co rp o ra tio n s
in c lu d e d in o u r s ta te m e n t h a v e d eclared d iv id en d s d u rin g th e
second h alf-y ea r averagin g 1 ’20 per c a n to n
the ca p ita l in
vested, against 2 76 per cent in 1908, 2 ’90 per cent in 1902,
2 37 per cent in 1901 and 4 41 per cent in 1900.
A m erican L in en Co........
A rkw righ t M ills........... ...
Barnaby M an u fact’g Co. .
Barnard M an u fact’g C o ...
B order City M an u l’ g C o ..
B ourne M ills........................
C hace Mills ... — . . . . . . . . .
Conantcut M ills...................
C ornell M ills........................
D avol M ills...........................
F lin t M ills.............................
Granite Mills........................
H argraves M ills.................
L aurel L a b e M ills..............
M erch ants’ M a n u fa c’g Co.
N arragansett M ills............
Osborn M ills .......................
Parker M il l .........................
P o ra sset M an u fact’g C o ..
R ichard B orden M fg. C o..
S agam ore M a n u fa ct’g Co.
S eacon n et M ills..................
S h ov e M ills...........................
Stafford M ills....... ............
S teven s M an u fact’g C o .,..
T ecu m seh M ills...................
T ro y C ot. & W M fg. C o . . .
U nion C otton M fg. Co.......
W am pan oag M ills...............
W eeta m oe M ills..................
Capital.
$800,000
450,000
400,000
495,000
1,000,000
1,000,000
760,000
180,000
400,000
400,0(0
580,000
1,000 OfO
800,000
1,000,000
soo;i 00
750 000
800,000
400,000
750,000
800,000
600,000
800,000
900,000
600,000
650,000
1,000,000
700 000
600,000
300,000
1.2Ou,000
750.0.10
650,000
Dividends 1904. Dividends 1903. Increase
or
P . C. A m ount. p . c. A m ou n t. Decrease.
2*.
2k
..N o
..NO
1
H
1
m
i
i
i
3
..N o
3
ik
1
..N o
1
1
..N o
2!s
2
..N o
..N o
..N o
2
2k
i
ik
..N o
..N o
T o ta ls .............................. $21,605.00 J 1-20
$32,000 —$12,000
$20,000
<
5
11,260
13,6 00
—2,250
d ivid en d . ..N o d ivid end .
V
j
9,900
d ivid en d .
-9 ,9 0 0
10,0i 0
3
30,000 —20,010
6
5,000
32,000 —27,000
3
7,500
22,500 -1 5,00 0
3
6,4 0 —2,700
2,700
3
12,000
4,000
—8,000
4,000
3
12,000
—8,0 0
3
17,400 — 11,600
5, SCO
4
40,000 —10,000
30,000
20,000 —20,000
d ivid en d .
2H
3
30.CO
O
30, tOO
4
12,000
4;eoo
-7 .6 0 6
7 fiO > 2
if) nOO
7 £00
2
l«,0 0o — 16'COO
d ivid en d .
4,000
12.000 —8,<>i0
3
2
15,000 —7.600
7,500
24,000 -2 4 ,0 0 0
divid end .
3
—9,000
3
18,000
9,000
24,000
20,000
3
—4,000
2
18,000
18.000
18,600 -16,500
dlvtdend.
2%
—6.5C0
6,500
d ivid en d .
1
20,00(1 -2 0 ,0 0 0
2
d ivid en d
S8,0 0 — 14,OOo
14,000
4
15,000
—2,600
3
12,600
24,000 —12,000
12,000
8
3
36,000 —18,000
18.000
7,t 00 —7 5(10
d ivid en d .
1
11,000 —11,000
2
divid end .
.TT-'
T
$257,250
2-76
$594,200 —.366,960
C o m b in in g the foregoin g results w ith those for the first six
m onths (pu blished in the C h r o n i c l e June 11, page 2 8 6 5 ), w e
have the fo llo w in g ex h ib it for the year.
ratio w ith the average rate per cent fo r the previou s nine
y e a rs:
A v’
T he details
fo r the second h a lf-y ea r in 1904 and 1903 are as fo llo w s:
T h ir d a n d f o u r t h
Qu a r t e r s .
1901 and 1903.
2673
THE CHRONICLE,
D e c . 17. 1901.]
I t is seen th at on a
capitalization o f |21,505,000, the m ills have paid o u t in d iv i
dends only |764,950 in the present y ear, or an average o f but
3 ’56 per cent, again st $1,217,275, or 5 ’ 66 per cen t, in the like
19C4.1903.. 1902. 1901. 1900.1899.
8
5
A m er. L inen C o .. .. 5 k
7k
6k
4k
1
3
Barnaby M fg. Co.
6
4k
4k
6
6
8
6
B order C’y M. Co. . 3 k
6k
6
0
6
6
6
C hace M i l l s .........
8
8
8
6
G ranite M ills....... . 6
7k
6
16
6
6
K ing Philip Mills. . 6
7k
6
0
Laurel L. M ills... . 5 k
7k
4k
3M
4
5
6
5
M ech an ics’ M ills..,. 3
4k
4
4
4
6
M erchants’ M. Co. . 2
1
0
6
8
5
Narragans. M ills.. . 4
5k
4
4
Osborn M ills........ . 3
5
3k
8k
6
6
9
R . B orden M. Co.. . 5 k
6k
7k
6
9
Sagam ore M. Co.. . 4
4k
7k
5k
4
4
3
Stafford M ills.......
8
14
0
6
5
T ecu m seh M ills .. • 5 k
5
7k
16
22
17
27
T roy C.&W.M.Co. .10
18
0
6
Un. Cot. M fg. Co.. ■ 4 k
6 k 25
8k
3
4
7
6
W am pan. M ills ... . 2
2k
Io w ill be observed th at in a lm o st all cases the average rate
o f distribution this year is m u ch below the average fo r the
previous nine years.
IT E M S A B O U T BANKS, B A N K E R S AND T R U S T G O ’S,
— T h e p u b lic sa le s o f b a n k
sto c k s
a t th e S to c k E x c h a n g e .
ity
&
A m e rica n L in e n C o..........
A rk w rig h t M ills..................
B arnaby M a n u fa ct’g C o...
B arnard M a n u fa c t’g C o -.
B order C ity M a n u f’g C o ..
B ou rn e M ills ----- --------C hace M ills.........................
C on a n icu t M ills..................
C ornell M ills .......... ..........
D a v ol M ills .........................
M in t M ills...........................
G ran ite M ills.....................
H a rgraves M ills .... ..........
S in g P h ilip M i l l s ...........
L au rel L ake M ills.............
M ech an ics’ M ills...............
M e rch a n ts’ M a n u f’g Co..
N arragansett M ills..........
O sborn M ills...............
P arker M ill..................
P o ca sset M a n u f’g C o.......
R ich ard Borden M fg . Co.
S agam ore M a n u f’g C o .. .
S ea con n et M ills ...............
S h ov e M ills.........................
Stafford M ills.....................
S tev en s M a n u fa c tu r e Co.
Tecumseh M ills.................
T r o y C ot. & W . M fg . Co..
U nion C otton M an ’f ’g Co
W am p an oag M ills.............
W e eta m oe M ills ..................
C apital.
Dividends 1904 Dividends 1903. In crease
or
P . O. A m ou n t. P . C. A m ou nt. Decrease
$800,000
450,000
400,000
495,000
1,000,000
1,000,000
750,000
180,000
400.000
400,000
580.000
1,000,000
800,000
1,000,000
300,000
750,000
800,000
400,000
750,000
800,000
600,000
800,000
900,000
600,000
550,000
1.000,000
700,000
500,000
300,000
1,200,000
750,000
550,000
$44,000
5k
24,760
5k
..N o dividend.
..N o d ivid en d
35,000
3H
35,000
3k
3
22,500
9,000
5
16,000
4
36.000
4
4
23,200
60,000
6
16,000
2
60,000
16,500
5k
3
22,500
16,100
2
4
16,000
3
22,500
16,000
2
27,000
4k
44.000
6k
38,000
4
7,500
ik
..N o d ivid en d .
..No dividend.
42,000
6
27,500
6k
10
80,000
54,000
4k
2
16,000
2
11,000
7k
6
1
4k
6
10
0
7
6k
6
«
8
6
6
7k
4
4
6
A
8
6
6
«k
6
3
4
8
6
16
6
3
4
$60,000
27,000
4,000
22,275
60,000
53,000
46,000
10,800
20,000
24,000
34,800
80,000
48,000
60,000
22,500
80,000
82,000
24,000
30,000
64,000
36,000
48.000
40,500
30,000
10,500
40,000
50,000
80,000
48,000
72.000
22,500
22,000
—$10,000
—2,250
—4,(00
—29,275
-2 5,00 0
—17,000
—22,500
—1,800
—10,000
—8,000
—11,600
—20,000
-33,000
—6 odd
—7,500
—16,000
—8,000
—7 500
—41,000
—9 000
-4 ,0 0 0
—4,60u
—22,600
-16,500
—40.U06
—14,000
—2,500
—18,000
—18.000
—7,»00
— 11,000
S to ck o f
th e N . Y . S ecu r
T r u s t C o . so ld a t 7 0 0 , as c o m p a r e d w it h
w h e n th e la s t p r e v io u s sa le w a s m a d e .
U . S . M o r tg a g e & T r u s t
m a r k e t a t 475.
a g g r e g a t e 55
a u c tio n a n d 5 sh a r e s
T h e tr a n s a c tio n s in tr u s t c o m p a n y
sto c k s r e a c h a t o t a l o f 6 3 sh a re s.
C o . sto c k
6 1 9 % in J u l y ,
A lo t o f
w a s s o ld
10 s h a r e s o f
in
th e “ c u r b ”
T h e la s t a u c t io n s a le o f th is s t o c k w a s m a d e
in O c to b e r a t 440.
Shares.
B a n k s — New
York.
Price.
L a st p r ev io u s sale.
Dee. 19 04— 2 4 3 13
Mar. 19 04— 209
240-242
2235s
B a n k —Brooklyn.
1004 and 1903.
th is w e e k
sh a res, o f w h ic h 50 sh a re s w e re s o ld a t
§15 Commerce, Nat. Barth of.............
30 North America, Nat. Bank o f . . .
period o f 1908.
1898. 1897. 1896. 1895.
1
7
1
2k
•
....
Ik
4
4
7
17 k
....
6
3k
6k
1
2
7
6k
6
6
6
4k
.... ....
6
5k
....
3
7
6k
7
•. . .
2
6
1
5
7
6k
4
....
7
7
3
3
5
7
1
....
25
5
4
6
8
8
4
6k
6k
11
15
25
28
6
9
11
6k
1
3
7
8
9 years
:93-’C3.
4 7-9
2k
7 2-9
5 1-9
6
7 1-9
4 1-3
4 5-9
3 7-9
5 5-9
4 7-9
5 8-9
7
0 5-9
5 2-9
20
9 1-3
4 5-9
10 Prospect Park B ank....................... 135
T b u 8T C o m p a n ie s —N ew York.
20 Bowling Green Trust Co......... .
224
10 Guaranty Trust Co......................... 690
20 N. Y . Security & Tr. C o ............... 7 0 0
13 North American Trust C o .......
First sale.
Nov.
Oct.
July
Oct.
2751a
19 04— 21 7 %
1903— 6771 a
19 04— 6191*
19 04— 250
§ Of this amount 5 shares were s o il at the Stock Exchange.
— I t ap p ears th a t w e w e r e in e rror in s ta tin g in th is c o lu m n
la st w e e k th a t M e ssr s. H a m b le t o n
b een a sso c ia te d w i t h P r e s id e n t
&
C o.
E m ory
of
B a lt im o r e h a d
in th e p u r c h a s e la s t
sp r in g o f th e G e r m a n B a n k o f B u f fa lo , w h ic h c lo s e d it s d o o r s
on th e 5 th o f th is m o n th b y o rd e r o f S u p e r in te n d e n t K i l b n r n
o f th e S ta te B a n k in g D e p a r tm e n t .
M essrs, H a m b le t o n
&
C o.
i n f o r m u s b y le tte r th a t th e y w e r e in n o w a y in te r e s te d w i t h
M r . E m o r y in th e p u r c h a se r e fe r r e d
never had any
c o n n e c tio n
o th e r b a n k in B u ffa lo .
w it h
to ,
th e
and
t h a t th e y h a v e
G erm an
B an k or any
T h e y a ls o sa y t h a t th e y d e n ie d b e in g
c o n c e r n e d in th e p u r c h a se w h e n th e a n n o u n c e m e n t
p e a re d la st M a y .
to o n r n o tic e .
first
ap
U n f o r t u n a t e ly , th is d is c la im e r n e v e r c a m e
T h e ir d e n ia l n o w is
fu ll
a n d e x p lic it , as w i ll
ap p ear fr o m th e f o llo w in g e x t r a c t s f r o m th e ir le tte r to u s :
“ T h e a n n o u n c e m e n t t h a t M essrs, H a m b le t o n & C o m p a n y
p u rch a se d th is “ a n k (t h e G e r m a n B a n k ) w a s w i t h o u t f o u n
b
T he foregoing indicates that o f the th irty -tw o m ills, a ll b u t d a tio n a n d f a c t , a n d w a s d e n ie d a t th e tim e b y th is h o u s e .
one have paid out less than a year a go, and in m o st cases the T h e fu r th e r s t a t e m e n t y o n m a k e , th a t M r . E m o r y w a s c o n
decrease is v ery im portant. T o fu rn ish a m ore com preh en n ected w it h th is h o u se , is a lso w it h o u t fo u n d a tio n a n d fa c t ,
M r . E m o r y n e v e r h a v in g b e e n c o n n e c te d w i t h th is h o u se in
sive com parison, w e have com p iled the fo llo w in g , w h ich e m a n y m a n n e r w h a t e v e r .
braces the years back to 1886:
“ W e h a v e h a d n o t h in g to d o w it h th e G e r m a n B a n k , its
/---------Companies.--------/------Dividentis.----- v p u r c h a se , sa le o r a d m in is tr a tio n , a n d M r. E m o r y ’s ele c tio n
Years.
Number.
Capital.
Amount.
P. 0. to its p re sid e n c y w a s s o m e th in g w e n e v e r h e a r d o f u n til it
1904.............. .........
32
21,505,000
764,950
3 56 h ad b een a c c o m p lis h e d a n d th e a n n o y in g a n n o u n c e m e n t
1 9 0 3 ................... .
32
$21,505,000
5-66 m a d e a t th e t im e t h a t w e w e r e c o n n e c te d w ith it.
$1,217,275
“ W e w a n t y o u to c o r r e c t in th e m o s t p o s itiv e m a n n e r —
21,411,000
6 ’47
1902.........................
35
1,368,400
35
21,061,000
1,164,095
5-53 sin c e y o n h a v e m a d e th is a s s e r tio n — t h a t th is h o u se w a s in
1 9 0 1 ........................
35
20,958.500
1900.........................
1,855,540
8-85 a n y w a y c o n n e c te d w it h e ith e r th e G e r m a n B a n k , th e G e r
5-99 m a n -A m e r ic a n B a n k — o r w i t h a n y o th e r b a n k iu B u f fa lo — or
34
20,058,500
1,201,327
1899.........................
34
2-41 w ith a n y o f th e officers o r o w n e r s o f sa id in s t it u t io n s .”
19,408,000
467,700
1898.........................
T o ta ls .............................
1897.........................
1896.........................
1895.........................
18 9 4 ........................
1893.....................
1892........................
1 8 9 1 ...'... ..............
1890.........................
1889.........................
188 8 ........................
1887................ ........ .
1886.........................
$21,505,000
37
37
36
35
35
34
33
33
33
33
3-50
$764,950
22,793,000
22,628,000
21,828,000
21,478,000
21,278,000
19,858,000
18,558,000
18,658,000
18,558,000
17,608,000
17,204,700
16,116,200
5-06 $1,217,275 -4 52,8 25
772,700
1,385,675
1,772,925
1,123,000
1,706,310
1,492,260
914,850
1,420,870
1,850,700
1,696,040
1,427,990
1,047,550
3-39
6-12
8-12
5-25
8-02
7-52
493
7-62
9-97
963
8-30
6 ’50
A s sh ow in g the relation this year’s dividends in the case of
in dividu al m ills bear to those fo r a series o f y ears, w e have
prepared the fo llo w in g , w h ich
leading corporations.
em braces eighteen
o f the
T h e Intention is to com pare th is y e a r’s
— The G overn ors o f
th e N e w Y o r k
S to c k E x c h a n g e h a v e
v o te d to m a k e S a t u r d a y , D e c e m b e r 2 4, a h o lid a y o n th e E x
c h a n g e , w h ic h th e r e fo r e
w i ll b e
c lo se d fr o m
F r id a y a f t e r
n o o n , D e c e m b e r 23, u n til T u e s d a y m o r n in g , D e c e m b e r 2 7 , in
o b se r v a tio n o f C h r is t m a s .
o n D e c e m b e r 31.
su sp e n d b u sin e ss
The
P roduce
The
on
b o th
E xchange
C h r is tm a s b u t
not
on
T h e E x c h a n g e w i ll
C o tto n
and
D e c e m b e r 24 a n d
w i ll
clo se on
D ecem ber
r e m a in o p e n
C o ffee E x c h a n g e s
81.
w ill
D e c e m b e r 81.
th e S a tu r d a y
b e fo r e
T n e m em bers o f
th e
B o s to n S to c k E x o h a n g e h a v e v o te d to c lo se o n D e c e m b e r 24,
a n d it is ex p e o te d t h a t th e
P h ila d e lp h ia
E x c h a n g e w i ll a lso
su sp e n d b u sin e ss o n th a t d a y .
— Ten
per
cent
e x tra
has
b een d e c la r e d b y th e K n i c k e r
b o ck e r T r n s t C o m p a n y o f th is c ity in a d d itio n t o th e r e g u la r
2674
THE CHRONICLE.
semi-annual dividend of 10 per oent, both payable Dao. 27.
The extra payments previously were 8 per c»cit Jane 1904,
7 per oent January 1904 and 7 per cent July 1903.
—It is reported that a membership in the New York Stock
Exchange was transferred on Thursday for a consideration
of $77,000.
—In anticipation of the repeal of the savings bank fran
chise tax the Bowery Savings Bank o f this city has an
nounced that the rate of interest on deposits for the six
months to January 1 1905 will be increased from
to 4
per cent per annum. It is understood that similar action
will be taken by the majority o f the other savings banks
which have not been paying the higher rate. As reported
previously in these columns, special efforts for the repeal of
the tax, which is at the rate of 1 per cent on the surplus,
have recently been made. Both political parties o f the State
have pledged themselves to secure its repeal, and a bill to
this end will be introduced at the opening of the Legislature
in January.
—The North American Trust Company o f this city has de
clared a semi-annual dividend of 5 per cent, payable Decem
ber 31. This is an increase o f \% per cent in the rate,
per
cent having been paid June 30 1904.
—About January 3 the Greenwich Bank of this city ex
pects to open a branch on W illiam and Fulton streets, to be
called the W illiam Street Branch. Mr. Clarence Foote, fo r
merly Cashier of the old Hide & Leather National Bank, at
present Assistant Cashier o f the National Bank o f Com
merce, will have charge of this new branch.
—The Fifth Avenue Bank, corner of Fifth Avenue and
44th Street, of which Mr, A. S. Frissell is the chief execu
tive, reports $11,383,554 deposits in its statement for De
cember 8, which compares with $10,109,975 on September 8.
W ith a oapital of $100,000 the bank has a surplus fund of
$100,000 and undivided profits o f no less than $1,697,372. Its
total resources are now $13,279,926. On December 8 the
directors declared a regular quarterly dividend of 25 percent,
payable to stockholders January 1. The other officials are
Mr. B. H. Fancher, Cashier, and W . G. Gaston, Assistant
Cashier. The follow ing compose the directorate: Charles
Stewart Smith, Gardner W etherbse, Russell Sage, A. 8.
Frissell, John B. Dutcher, James|R. Plum, John D. Crimmins, James G. Cannon, Edw ard A . Price, Thomas 8. Van
Volkenburgh and W illiam H, Porter.
[V O L . L X X IX .
aflk^d, at the annual meeting on* January 10, to take action
in Ihe matter o f amending the articles of association so as to
extend for another twenty years the' charter expiring on
May 27 next, and aleo to vote on the proposition to change
the par value of the bank’s $3,C00,0C0 stock from $25 to $100
per share.
—A t a meeting o f the directors of the Lincoln Trust Com
pany of this city on W ednesday, Mr. Isaac Guggenheim was
elected a member of the board.
—The articles of incorporation of the Home Trust Company
were filed in Brooklyn on the 10th inst. As heretofore stated,
the institution will operate in this borough and Brooklyn,
the principal office being in the latter borough. It is to have
a capital o f $500,000 and surplus of $250,000.
— One of the State banks in this city recording a substantial
growth in business during the last three months is the Mutual
Bank, corner of Broadway and 33d Street. W ithin this period
its deposits have increased from $2,768,647 (September 13)
to $3,536,523 (December 8th), showing a gain of $767,877,
while surplus and undivided profits have advanced in the
same time from $193,046 to $221,670. On December 8th the
board declared a 3 per cent dividend, payable to share
holders December 23d. The institution’s capital is $100,000. It is officered by Messrs. James McClenahan,
President; Charles A. Sackett, John C. Van Cleaf and Samuel
McMillan, Vice-Presidents; Langley W . W iggin, Cashier,
and W illiam B. Krug, Assistant Cashier.
Mr. Richard
Delafield is Chairman of the board o f directors.
—Mr. Gordon Macdonald, o f Messrs, Speyer & Co., has
been elected a member o f the board o f the Bank of Long
Island at Jamaica.
—Mr. W illiam Murray has been elected to fill the vacancy
in the board of the New Jersey Title Guarantee & Trust
Company of Jersey City, occasioned by resignation of Mr. J.
E. Hulshizer.
—The death was announced yesterday of Mr. John D. Par
sons Jr., President of the Albany Trust Company and the
National Exchange Bank of Albany.
—Besides the usual semi-annual dividend o f 3 per cent, the
directors of the Albany Trust Company o f Albany, N. Y .,
have declared an extra dividend o f 1 per cent, payable Janu
ary 1. The company commenced business in May 1900, and
began the payment of semi-annual dividends of 3 per cent
—The State Bank of New Y ork has declared a semi-annual in January 1902. Mr. Joel W. Burdick, Ganeral Passenger
dividend of 25 per cent from the profits o f the past six Agent of the Delaware & Hudson Co., has been elected a
months, payable Jan. 1. In July 1904 25 per cent was also director of the trust company to succeed the late Noel E.
paid. But the rate previously was only 10 per cent each Sisson.
half-year since July 1901.
—A t a meeting of the directors this week Mr. Edward ^A,
— The Interboro Bank o f New Y ork, 110 W all Street, the
new bank in the lower W all Street district, to which we re
ferred November 26th, w ill open fo r business’ next Monday
morning. Its officers are as follow s : H. G. Runkle, Presi
dent; W illiam Carpender, First Vice-President; H. L. Merry,
Second V ice President, and W . K. Vanderpoel, Cashier. The
capital stock is $100,000 and surplus $50,000. The full board
o f directors will be made public later.
—Among' the prominent speakers who will address the New
York State Bankers’ Association, Group V III., at its annual
dinner next Tuesday evening in the grand ball-room o f the
W aldorf-Astoria are the following : Senator John P. Dolliver of Iowa; Dr. Edwin A. Alderman, President University
of Virginia; Hon. Martin W . Littleton, President o f the Bor
ough of Brooklyn, and Mr. P. F. Murphy, the noted afterdinner speaker. The dinner tickets, limited to 450 persons,
were largely over-subscribed.
Weppner was reinstated as Cashier o f the Germ an-American
Bank of Buffalo, The announcement is also made that Mr.
Michael Nellany has been re-elected as a director to replace
Hon. John G. W ickser, resigned. The statement issued with
regard to these reappointments says: ‘ ‘This action on the
part of the board has been taken at the suggestion of the
Boffalo Clearing House Committee, and has its unanimous
approval as a part of the committee’s plan for the reorgan,
ization of the bank.”
The charges brought against President Richard Emory,
Cashier Paul W erner and Assistant-Cashier W illiam P
Luedeke of the German Bank of Bnffalo, in connection w ith
the return, uohonored, of a draft for $190 on a New York
bank, purchased at the German Bank on the date of the
suspension of the latter (the 5th Inst.), were dismissed on
Tuesday after several hearings. It was shown that a bal.
ance of $31,082 in favor of the German Bank was held on
that day by the New York institution. It is reported that
when the German Bank closed, the city of Bnffalo had de
posited with it $117,216 in ordinary funds and $8,645 in
Comptroller’s cash. Insurance to the amount o f $100,000
against its deposit in this institution is, however, held by
the city.
—The Union Exohange Bank, which has lately outgrown
its present accommodations at Fifth Avenue and 20th Street,
wilLmove on March 1st next to larger quarters on the north
west corner of Fifth Avenue and 21st Street. Its new bank
ing home will be situated on the street floor. A safe deposit
company will establish safe-deposit vaults in the basement.
The institution was organized less than a year and a-half ago
—The Bank of B offalo o f Buffalo, N. Y ., as liquidating
and now has about $6,000,000 deposits.
agent, has declared a final dividend o f 8 9-10 per cent to the
—Messrs. James Speyer, Oscar G. Murray and Daniel G. depositors of the Niagara Bank of Boffalo. The total real
Reid were this week elected directors of the Guaranty Trust ized by the depositors is thus brought up to 88 9-10 per cent,
80 per cent having been paid them by the Bank of Buffalo
Company of this city.
—Notice Las been sent to the stockholders o f the Mechan when the latter took over the affairs of the defunct bank
ics’ National Bank of this city to the effect that they w ill be shortly after it suspended in July 1901.
D ec . 17, 1904. J
THE CHRONICLE,
—Mr. Manning C. Palmer, the form er President of the
American Exchange National Bank o f Syracuse, N. Y . (in
receiver’s hands since February last), was placed under arrest on Thursday, the 8th inst. An indictment is reported to
have been found against the banker in the Federal Court at
Utica.
—Mr. C, E, Hough has been chosen to succeed Mr. Freder
ick C, Burroughs as Cashier o f the City National Bank of
Bridgeport, Conn. Mr. Burroughs, as previously noted, be
came Cashier lately of the National Tradesmen’s Bank of New
Haven.
—The United States Trust Company o f Boston has pur
chased, at a total cost o f $225,000, two adjoining pieces o f
property at Bromfield and W ashington streets, Boston. The
buildings are numbered 1, 3 and 5 Bromfield Street, for w hich
$125,C O was paid, and 7 and 9 Bromfield Street, the price for
O
which was $95,000.
2675
j —Mr. Frank Murphy, President of the Merchants’ National
j Bank of Omaha, Neb., died in New Y ork City on Monday of
.
' this week. Mr. Murphy was born in Pittsburgh sixty-three
years ago. He was President also of the Omaha Gas Com
pany and the Omaha & Council Bluffs Street Railway Com
pany.
—Mr. Benjamin B. Graham, Vice-President and a director
o f the Mechanics’ National Bank of St. Louis, and a director
o f the St. Louis Union Trust Company, died on the 12th inst.
Mr, Graham was also President o f the Graham Paper
Company.
—The Colorado Banking & Trust Company o f Cripple
Creek, C olo., in order that it may apply its time and effort
to the development o f other branches of its business, has de
cided to discontinue its banking department, and has notified
its depositors to this effect, Over a year ago the company
organized the Colorado Finance & Development Company, to
—The charter of the Central National Bank o f Philadel which concern it transferred its mining and irrigation enter
phia was renewed on the 18th inst. for another twenty years. prises.
During the last twenty years deposits have risen from $4,231,—Mr. F. L. Holland has advanced from the post o f Assist
000 to $9,546,000; surplus and undivided profits from $1,001,- ant Cashier of the Western National Bank o f San Francisco
000 to $2,447,000 and loans from $4,064,000 to $8,820,001. to that o f Cashier. In his new office he succeeds Mr. C. S.
The present market value of the stock at $388 compares with Scott.
but $271 in 1884, while the book value is now $426 against
—The Canadian Bank o f Commerce, head office Toronto,
$288 in the earlier year. Dividends aggregating $3,435,000 is shortly to increase its paid-up capital from $8,700,000 to
have been paid by the bank since it began business in 1865,
$10,000,000, the directors having passed a resolution provid
the rate the past twenty-nine years having been 12 per cent
ing for the issuance o f $1,800,000, tfce balance o f the author
per annum without interruption. Mr. Theodore Kitchen is
ized capital. The new stock (par value $50) w ill be allotted
President o f the institution; T. L. De Bow, Cashier, and
to shareholders o f record January 12, in the proportion o f
W illiam Post, Assistant Cashier.
one new share for every 6 69-100 shares o f old stock. A t $70
—Stockholders of the Union National Bank o f Philadel
phia, at their annual meeting on January 10, w ill vote on the
propositions to change the par value of the stock from $50 to
$100 per share, to increase the number o f directors and to
change the number of shares necessary to be held by a stock
holder in order to be eligible as a director.
per share (the price at which the stock w ill be put out) a
premium o f $520,000 will be realized. The statement o f the
bank fo r the year ending November 80 is most gratifying,
The net profits for the twelve months were $1,124,974, an
increase of more than $120,000 over 1903. The rest account
is now $3,500,000, $500,000 having been transferred to that
—Action w ill be taken by the stockholders o f the Girard account out o f the year’s earnings. Present deposits o f $70,National Bank of Philadelphia, at the annual meeting on the 459,851 compare with but $62,783,655 a year ago.
11th of next month, on the proposed abolition o f the rotation
—Mr. Randolph Macdonald, form erly Vice-President, has
system, under w hich one-third o f the directors are annually been elected President o f the Sovereign Bank o f Canada,
retired from the bank’s service. This will be effected by an head office Toronto, to succeed Mr. H, S. Holt, resigned.
amendment to the articles o f association rem oving the pro Other changes in the personnel o f the bank are the election
hibition against the election o f the same persons as directors o f Mr. A. A. Allen as First Vice-President and the appoint
fo r more than three years out o f four. The articles w ill also ment o f Mr. D. M. Stewart to the office o f Second Vicebe amended so as to make the number o f directors not lees President, in addition to the post o f General Manager here
than fifteen nor more than,twenty.
tofore held by him. Mr. Stewart has also become a director
—The new Columbia Savings & Trust Company o f Pitts o f the bank. Mr. Charles R. Cumberland has been ap
burgh, referred to last week, opened for business on Thurs pointed Assistant Manager at Toronto, vice the late Mr.
day at 400-402 Smithfield Street. Mr. W . J. Diehl is the Launcelot Bolster.
President and Mr. E. W . R olfe Secretary and Treasurer.
—A valuable guide for those interested in Hawaiian securi
—Dr. J. H. W right has been elected Vice-President of the ties is presented in book form by the Hawaiian Trust
Company, Ltd., o f Honolulu, T. H. Information as to
Central Savings < Trust Company o f Pittsburgh.
fc
—Mr. Adolph W . Ehrman, Assistant Cashier o f the Old Government, railway and sugar plantation bonds is given,
Detroit National Bank of Detroit, Mich,, has tendered his prepared, it is stated, from accurate and reliable data. The
resignation, to take effect on January 1. It is Mr. Ehrman’s company announces that exceptional facilities for making in
vestments and negotiating loans upon approved securities for
intention to enter the mercantile line of business,
—Mr. I. N. Perry, who in October retired as President o f non-residents are possessed by it. The management consists
of Mr. E D. Tenney, President; Gov. G. R . Carter, Vicethe National Bank of North America o f Chicago on account
President ; J. R . Galt, T reasurer; Z K. Myers, Secretary
o f the charge of arson made against him, was acquitted by
and W . W. North, Auditor. The capital of $100,000 is fully
Justice Foster at Chicago on the 9th inst.
paid.
— At a stockholders’ special meeting on Monday the num
—The regular semi-annual dividend o f 4 p. c., payable Jan
ber of directors of the Continental National Bank of Chicago
uary 1, was declared this week by the National Bank of Cuba,
was increased from 12 to 15. The new members o f the
The closing of subscriptions to the bank’s additional capital
board chosen were A. W . Harris of N. W . Harris & Co., Ed
of $1,000,000 was announced on Wednesday. Tbe issue was
ward Hines of the Edward Hines Lumber Co. and B. A.
greatly oversubscribed and about 50 bankers throughout the
Eckhart of the Elkhart & Swan Milling Co., all o f whom
were directors of the late National Bank o f North America. United States are among the new shareholders. The stock
was offered at $115 per share, payable $35 upon subscription,
—By a vote of 56 to 42, at a special meeting held on Satur
$40 January 1 1905 and $40 March 1 1905. The bank’s
day last the members of the Chicago Stock Exchange decided
authorized capital is $5,000,000, of which $1,000,000 had been
against the erection of a new building for the present on a
previously issued.
most desirable plot of land on Jackson Boulevard for the
long lease of which the Exchange held an option that expired
on that day. The subject had been agitated fo r several IMPORTS AND EXPORTS FOR NOVEMBER.
jears, and many of the most prominent members of the
T h e B u r e a u o f S t a t i s t ic s a t W a s h i n g t o n h a s issu e d
Stock Exchange were strongly in favor of a new building the s t a t e m e n t o f t h e c o u n t r y 's fo r e i g n t r a d e fo r
devoted entirely to its own uses. Only a single member of the
N o v e m b e r , a n d f r o m i t a n d fr o m p r e v io u s s t a t e m e n t s
Governing Committee was opposed to the scheme; the plan
being defeated mainly by the votes of the more conservative we h a v e p r e p a r e d t h e fo llo w in g I n t e r e s t in g s u m
and the younger members.
m a ries.
THE CHRONICLE.
PO H BIQN T R A D E M O V B M B R T O F TH B U N IT E D S T A T E S .
[ I d th e fo llo w in g : t a b le * t h r e e c ip h e r * (OOOi) a r e In a l l o a i e i o m i t t e d . ]
- 1 9 0 4 .—
Exports.
[T le r ch ’ d le e .
f
Imports.
1
-1 9 0 3 .—
Excess.
»
+ 1 1 7 .8 0 4
+ 4 7 ,5 8 5
+ 14,029
+ 4,616
+ 5 6 ,1 2 0
+ 6 9 ,8 1 1
+ 0 1 ,6 2 2
Exports.
1
Imports.
1
A'xc r,u.
$
+1117.046
+ 5 7 .2 6 3
+ 9.623
+ 7,897
+ 1 8 .6 4 8
+ 7 8 ,4 6 8
+ 8 3 ,2 0 2
[V O L . L X X IX .
#frmiJCtary|<Eomnxexxxo fguQlisIx ■ U u
Tte
[From our own oorrespo ident.]
L o n d o n , Saturday, December 8, 1904,
Daring the first four days of the week business was ex
ceedingly active on the Stock Exchange. Prices rose and
markets all broadened. For the first time there was clear
evidenoe that the public had shaken off its apathy and was
participating in the movement. The publication o f the
93 9 .3 4 6 + 3 0 6 .8 0 3 1 .3 0 9 .9 8 4
9 1 7.720 + 3 9 1 ,2 0 8
T o ta l....... 1 .3 0 3 ,7 3 8
Anglo-Rnssian agreement as to the inquiry into the North
G e ld and G e ld In O r e .
Sea outrage gave the first impetus. And this was strength
8,896
-5 ,7 6 1
Jan.-M ob....
4,888
22,110 - 1 7 ,7 2 8
2,085
64.061
5.580 + 2 3 ,1 2 1 ened by large buying from the Continent, especially on G er
38,701
A p r.-Jn n e..
25,648 + 3 8 .4 1 8
8,925
4,681
+ 4,487 man account.
1,083
—7.842
J u ly .............
9 .H 8
French purchases for the moment are not
10,763
7,840
7.764
+ 2.999
85
—7,764
A u g u s t___
Septem ber.
2,745
4.212
5,186
- 4 .1 8 7 large, for the moneyed classes in France are discouraged by
-1 .4 9 7
908
5,020
O c t o b e r ...
8,056
-4 .1 4 9
352
-4 .6 7 4 the introduction of the income tax bill.
They look upon its
3 650
N o v e m b e r..
16,318
4,714 + 16,099
903
11,370 —10,377
introduction as proof that the Socialists control the Govern
48.087
- 5 .1 6 5 ment and can compel it to do what they please.
10 7.70 9
81,414 + 2 6 .2 9 5
42.882
T o ta l........
Therefore
S l i v e r a n d S i l v e r In O r e .
other Socialistic measures are apprehended.
+6,440
13,026
6,824
4,660
Jan.-M o b ...
11,109
+6,20 2
The very fear, however, will probably lead the French in
+ 1.075
13.341
6,961
5.381
A p r.-J u n e..
6.896
+ 6.390
2,504
4,536
2.991
+427 vesting public to buy more largely even than heretofore
J u l y ............
1,381
+3.15 4
4 ,K
49
2,869
-3 4 0 of foreign securities.
2,518
+2,33 1
2,020
A u g u s t.......
Tnere is an utter unwillingness to
Septem ber.
3,379
1,687
+631
2,033
2,368
+1.37 6
engage in enterprise at home, and for the time being the sav
Ootober.......
3,485
2,788
1,663
+405
+1.92 2
3,143
N ov em b er..
3,405
+ 3 ,5 1 1 ing classes are leaving their money on deposit with the
2.452
6,063
2,557
+953
The banks find it impossible to employ the money
T o ta l........
31,890 + 12,199 banks.
46.020
23,692 + 2 2 ,3 2 8
34.095
profitably at home, and therefore they are investigating it
-t-H xces* o f ex p ort*.
—H xoei* o f Im ports.
in other markets. For the time being a very large part of
W e s u b jo in t h e to ta ls fo r m e r c h a n d is e , g o ld and the bank balan ces^ being employed in Germany,
There is also active buying of Spanish securities. It is said
silv er fo r t h e elev en m o n t h s sin c e J a n . 1 fo r six
that the Spanish Prime Minister intends to bring in a bill
years.
for compelling the Bank of Spain to sell its Government
MBBOHANDISB.
SILVER
GOLD.
securities and buy gold. Upon the strength of this there has
E leven
E x cess
E xcess
been very active investment, both on Frenoh and Spanish
E xcess
E x p o rts. Im v o r ts .
E x
Im of E x
E x
Im
H o t.
01
of
account, in Spanish bonds. There have been also very active
E x p o r ts ports. p o rts. E x p o rts p o rts . ports. ports.
dealings in Italian securities. And in Germany everything
9
t
*
1
9
$
9
9
$
1 9 0 4 . 1,805,788 93 9 .8 4 5 3 6 6 3 9 3 107,709 81,414 26.295 46.020 23.692 22,828 is going on most prosperously, although during the week
1,809.934 917.72 6 3 9 2 2 0 8 42,882 48.037 •5,155 34,095 21,896 12,199
1903.
1 9 0 2 . 1,212,694 87 4 .9 6 0 3 3 7 7 3 4 33,177 42,006 •8,829 43,726 23,702 20.024 markets have not been quite as booming as they were a little
1,069 4 0 915 28,358 22.557 while ago. Here in London German operators have been
1 9 0 1 . 1,828.434 80 0 ,4 9 0 527944 53.039 51,970
1 9 0 0 . 1,332.056 760.45 2 5 7 1 6 0 4 53.724 63,362 •9,638 58.863 36.01-2 21,881 buying British Government securities on a large scale, while
1 8 9 9 . 1 152,200 7 2 8.28 4 4230C 0 33.522 45,715 *12,193 47,701 27,818 19,943
French investors have been buying South African mining
•Excess of imports.
shares,
The belief is general, both at home and abroad, that the
S im ila r t o t a ls fo r th e five m o n t h s sin c e J u ly 1 fo r
Bank o f England will not now have to raise its rate of dis
six years m a k e t h e fo llo w in g e x h ib it.
count. There will, o f course, be a very strong demand for
money during the present month, especially during the last
M BB OH AN D ISB.
SIL V B B .
GOLD
F iv e
tw o weeks of the year, Still, it is hoped that no change will
E xcu t
E xess
M ot. E xp orts. Im p or ts. B x c e s s
Im
E x
E x
Im of 3 a
of
_ Of
take place. And if not, the impression is widespread that
E x p o r ti p o rts . ports. E x p o r ts p o r ts . p o r ts . p o rt)
the improvement in markets will continue, It is true that
t
S
9
t
9
9
9
1
<
1 9 0 4 . 63 2 ,0 1 2 4 3 1 .6 0 8 201031 39.260 33.650 •5,610 19,653 9.017 9.786 yesterday there was a setback, which was mainly due to
1 9 0 3 . 6 1 2 282 4 0 4 982 2 0 7 3 0 0 11,646 34.062 • 2 2 616 1 6 590 11,915 4.876 profit-taking after the sharp rise of the preceding four days,
1 9 0 2 . 5 74,497 4 1 8 6 1 7 1 5 5880 12,801 28.819 • 1 5 ,9 '8 21,208 11,482 9,716
In the market for government securities Consols were sold
1 9 0 1 606,581 3 6 7 .0 1 0 2 3 9 5 3 2 2 3 518 30,012 *12,494 22,480 13.228 9,267
1 9 0 0 . 6 2 0 022 3 2 1 .0 8 4 2 9 8 9 8 - 23.284 46,736 *23,462 28.493 18.133 10.360 on a considerable scale, partly because they had risen and
1 8 9 9 55 9 ,1 8 2 33 9.7.-9 2 1 9303 5,968 22.320 *16,858 20.141 13,882 7,259 partly because it became known that the New Zealand G ov
* Hxoess of imports.
ernment intends to borrow a million sterling. Daring the
past few years the borrowing of the British Government, the
I n th e s e ta b le s o f t o t a ls , g o ld a n d s ilv e r in o re fo r colonial governments and the municipalities has been on
a ll th e years a re g iv e n u n d e r t h e h e a d s r e s p e c tiv e ly oi such a scale that the market for the securities has been oversupplied; and it was hoped that the borrowing would cease
g o ld a n d silv e r .
T h e fo llo w in g sh o w s t h e m e r c h a n d is e b a la n c e fo r for awhile so as to allow all the recent loans to be taken np.
Consequently, when it became known that a fresh colonial
e a c h y e a r b a c k to 1 8 7 5 .
loan was to be issued, operators were discouraged and selling
B X O E 8S O F M E R CH AN D ISE IM P O S T S O B B X P O B T S .
took place on a great scale.
6 months ending Nov. SO—
11 months en ding Nov. 3 0 —
That, however, is a merely passing movement. Confidence
1875
........................ Exports.*2,920,595
1875 ...............ImportB.* 18 .874,617
1876
........................Exports.72.837,042
1876 ...............Exports. 122.900,825 has been restored. It is now firmly believed that the Czar
1877... .........ExportB. 62.208,577 1877 ...........E xports.100,104,9y0 has taken stringent measures to prevent interference with
1878..
. ... Exports.118,848,888 1878 ...........Exports.269,614,539
1879
.....Exports.115,243,376 1879 ...........ExportB.230,279,987 neutral shipping, and consequently that the relations be
1880
....Exports. 110,198,223 1880 ...........E xports 141,361,717
1 8 8 1 ........... ExportB . 143,615,639 tween England and Russia will not be disturbed. Moreover,
1881
........................Exports.45,615,673
1882
........................Exports.21,109,792 ......Im ports. 18,327,238 everybody is confident that in the New Year money will be
1882 ....
1883 ...........Exports. 86,517,433
1883
........................Exports.40,434,414
1884 ...........Exports. 70,931,406 abundant and cheap. The activity in New Y ork and the
1884
........................Exports.60,175,571
1885
Exports. 23,005,236 1885 ...........E xports 78,318,929 long continued rise in American securities has exercised a
1886..
. ... Exports. 21,814,348 1886 ...........Exports. 20,835,610
1887
........................Exports.12,454,370 . ... . .. . 1 . p o r t s . 14,636,757very great influence upon this market.
1 8 8 7 ..
1888
...Exports. 2,754.283 1888 ................................. Im ports. 58,821.017
During the week money has been in exceedingly strong
1889
1889 ...
........................ Exports.50,236,712 .....E x p o r t s . 19,581,456
1890..
. . ......Exports. 15,176,764
1890 ........... Im ports. 3,544.599 demand, owing to the usual requirements at the end of the
1891............. Exports. 104,962,401 1891 ........... Exports. 91,700.830
1892 ...........Exports. 75,07 0,203 month, to the settlement in ordinary Stock Exchange securi
1892..
. . . . . . ..Exports. 27,644,831
1893............Exports.125,618,387 1 8 9 3 ______ E x p o r ts . 65,172,031
1894..
. ... Exports. 57,561,820 1 8 9 4 ........... E x p o rts. 126,047,892 ties during the first three days of the week and to the settle
1895
............................Imports.2,402,246...........Im ports. 7,137,281
1895
m il
1896
......Exports. 191,096,979 1 8 9 6 .... ...... E x ports. 266,052,419 ment in Consols on Thursday. Furthermore, about
................................Exports.24C 603,919p o r t s .293,563 818 lions sterling o f Japanese money wa9 paid into the Bank of
1897
1 8 9 7 .......... ...E x
1 8 9 8 ................................... E x p orts. 637,870,363
1898
................................Exports.242,583,604
1899
.....Exports.219,392,617 1 8 9 9 ........... E x p o r t s .423,966,371 England, which for the moment reduced the supply in the
1900
......E x p o rts. 298,988,644 1 9 0 0 .. . ...... E x p o r t s .5 7 1,603,735 open market. It is understood, however, that the Japanese
190 4
1901
.....................E x ports.23 9,53 2,161 _________ E xports.5 2 7 ,9 4 3 .6 8 2
1902.. ...........Exports. 155,879,626 1 9 0 2 .. . . . ...E x p o rts. 337,7 33,647 Commissioner who came over here to arrange for the recent
1903............. Exports. 207,300,8 24 1903 ............E x p o rte .3 9 2 ,207,824 loan and left at the beginning o f the week has given instruc1904............. Exports.360,393,001 1904 ....... E x p o r ts .20 1,004,460
.
Jan.-Mob... . 3N0.764
Apr.-Jnne. . 2 9 2 ,9 0 2
8,7.224
Ju ly ............
9 2 ,2 5 1
A u k -n it....,
S ep tem b er. 1 3 4,26 5
1 02,590
O otober......
N ovem ber. . 1 5 7.03 0
116:1,960
5145.877
71.194
87,738
84,189
911,779
93.158
3 9 1 , «72
3 6 3 .9 8 0
91,818
89.440
11 0 ,8 0 5
1 6 6.38 9
16 6 .2 6 0
‘1 6 4 ,0 8 7
1 4 8 .7 1 7
81.188
81.049
81,817
81,981
77.C07
D e c . 17, 1904.]
THE CHRONICLE
1904.
1903.
1902,
1901.
Nov. 30
Dec. 2.
Dec. 3.
Dec. 4.
4
a,
m
x
28,635,230 20,013,850 29,477.370
Circulation.......................... 28,110,620
7.836,032
>1,092,840
9,124 053
Public deposits.................. 8,274,087
40,228,514 89,271.670 40.007.739
Other deposits.................... 42,163,345
Government securities.............. . 1 6 ,6 1 0 ,<05 18,259.427 17,612,333 17,526,083
29,316,806 27,833,460
20,528,405
Other securities................. 29,768,864
21,097.144 21,382,675 23.045.740
Reserve o f notes and coin _ . 22,869,599
_
Coin & bullion, both departm’ts 32 550,219 31,282,374 32,219,625 85.348,110
42%
43%
47 15-16
Prop, reserve to liabilities, p. c. 45 6 -1 6
4
4
4
Bank rate........ ..........per cent.
3
88 35-16
92 9-10*
91%
88%
Consols, 294 per cent .................
20 7-16d.
2118-16d.
25%d.
Silver..............................................
27)4 a
Clearing-House returns.............253,726,000 210,146,000 247,934,000 219,207,000
* Ex-dividend.
The quotations for bullion are reported as follows:
Gold.
D ec.
Bar gold, flne....cz.
U. 8. gold ooln...oz.
Germ’ n gold ooln.oz.
French gold eoln.cz
Japanese yon_ cz.
_
So
77
Silver .
N ov.
1.
L o n d o n S ta n d a rd .
L o n d o n S ta n d a rd .
24.
do
10%
76 5
*76 5
*76 5
*76 5
s. d .
77 11
76 6
*76 6
*76 6
‘ 76 6
* Nominal.
D ec.
I ****
lions to his agents that every care should be taken that the
money market should not be disturbed. Therefore, the
money will be lent out quickly again, so that no act of the
Japanese Government may interfere with business.
As the week is ending the supply of money in the open
market is large, owing to a very considerable extent to the
large quantities of bills discounted by the Bank of England
and to the loans obtained there. It is thought probable that
there will be no material decline in rates next week, the more
particularly as between now and the end of the year there
is usually an outflow of money from London to the interior
amounting to about 4 millions sterling. Moreover, during
the second half of the month all the preparations for the end
of the year have to take place. Against this, however, is to
be set the fact that India is sending a million sterling in gold
to London to pay for silver. The price of gold is lower, and
it is believed that the Gdrman demand for the metal is almost
satisfied. In fact the German exchange has been rising
during the week. Furthermore, it is believed that during
the next three or four weeks not much gold will be sent
either to Egypt or to Argentina. If not much gold is taken
for abroad, it is believed that enough of the metal will come
in to enable the outflow of money from London to the in
terior to take place without unduly reducing the reserve of
the Bank of England.
The India Council offered for tender on Wednesday 100
lacs of its drafts, and the applications exceeded 661 lacs at
prices ranging from Is. 4 l-32d. to Is, 4 8-321. per rupee.
Applications for bills at Is. 4 l-16d. and for telegraphic trans
fers at Is. 4 3-32d. per rupee were allotted about 48 per cent
of the amounts epplied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
2677
1
Bar silver,fine...oz
Do 2 mo. delivery
Bar silver,oontain’g
5 grs. gold_ cz.
_
4 grs gold,...oz.
3 grs. gold..„.oz
Cake silver ........oz
Mexican dollars.oz.
273s
2678
27
26%
277s
271116
27%
29%
*27
27%
27516
27%
29l18
*27
d.
d.
The following shows the imports of cereal produce into
the United Kingdom during the thirteen weeks of the season
compared with previous seasons :
XMPOBTE.
1904-5.
19QS-4
1902-3.
1901 2.
Imp’teof wheat, ewt.28.919,000 25,384,309 23,587,134 17,024,900
8,416,900 12,076,841 11,571,732 8,654,000
Barley...................
Oats....... .
3,498,100
4,223,327 4,818.381 5,155,600
Peas .........................
590,231
742,849
456,810
521,800
Beans................... . . .
473,511
801,598
680,593
635,500
Indian corn...... ....... 12,000,600 15,519,378 8,824,543 10,315,600
F lo u r ...............
2,985,600
6,109,523 5,173,815
6,025,700
Supplies available for consumption (exclusive of stock
on September 1):
1904-5,
190S-4.
1902-3.
1901-2.
Wheat Imported, ewt.28,919,000 25,384,309 23,587,134 17,024,900
Imports of flour........ 2,985,600 6,109,523 5,173,815 6,025.700
Sales of home-grown. 4,834,230 5,576,095
6,517,755 8,142.312
T otal..............3 6,73 3,83 0 37,069,927 85,278,704 31,192,912
Aver.prie© wheat, week.3Ga. 5d.
26s. 6d,
25s. Od. 27s. Id.
Average price, season.30s. 2d,
27s. Id.
25s. lid .
26s. 3d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
Wheat___ _,qrs.
Flour, equal to qrs.
Maize............... qrs.
T h is w e e k .
2.730.000
215,000
1,025.000
L a s t w e e k ,.
2,895,000
175,000
1,080,000
1903-4.
1,370,000
310,000
835.000
1902-3
1,865,000
345.000
435.000
E n g l i s h F i n a n c i a l M a r k e t s —P e r C a b l e .
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Dec. 16:
London.
S a t.
M on.
lu e s .
W ed .
Thun.
F ri.
27i5ia 28i,8
28
Sliver, per ounce— d. 27U16 27%
28
87l3le 87i5ia 88%
87%
Consols.,new, 2% p. ota. 87%
87%
871616 88
For account.............. 8715ie 88116
88*18 88%
Fr’oh rent®s(in Paris)fr. 98-72% 93-77% 98-72% 98-65 98-47% 98-45
89%
89%
89%
89
Spanish 4s.___ . . . . . . . . 89
5%
5%
5%
5%
5%
Anaconda Mining........
5%
8638
85%
85
Ateh. Top. & Santa Fe. 88%
88%
86
106
105% 104% 104%
106
Preferred...... ...........
104%
100% 101% 101% 102%
Baltimore & Ohio........ 163% 102
98
Preferred................... 98
98
98
98
98
Canadian Paoifle......... 134% 134% 132% 132% 132% 133%
49%
47%
47%
48
Chesapeake & Ohio_
_ 49
48%
23%
22%
23
23
Ohio. Great Western... 23%
23
The rates for money have been as follows :
170% 172
171
172%
Ohio. Mil. & St. Paul... 176% 176
32%
31%
32
Den. & Rio G r.,com .... 32%
31%
31%
Interest allows*
88
87%
88
88%
Preferred................. 88
89
Open Market Bates.
for deposits i t
37%
38%
36%
Erie, common.............. 39%
36
37%
London.
75%
77
74%
75%
1st preferred............ 77%
76
2rads Bills, J oin i Oio’tS's
Bank Bills.
57
57
56%
57
56
2d preferred............ 58%
S to ck A t 7-14
155
156
Illinois Central............ 159
158% 155
157
8 Months. 4 Months 0 Months 3 Mot. 4 Mos B a n k i fa ll
146% 141% 141% 141
Louisville & Nashville. 146
143%
22%
20%
21%
20%
Mexican Central......... 22
21 »4
8@8%
3
8% 3M@3% 1% 1%
8
Nov. 4
307„
32%
30%
Mo. Kan. & Tex., com.. 33%
31%
30%
8(S>3%
a%@2 5-ie
8% 8M@3% 1% 1%
“
11
63%
63%
64
Preferred .................. 65
65%
63
3
3
3
3%
8
H
"
18
1% 2
41
40
41
42%
Nat. RR. of Mex., 1at p f. 43
41
8@8%
sa s%
3
3%
3%
“
26
1% 2
139
139
N. Y. Cent. & Hudson.. 142% 142
138
139%
2%@3
2%@3
2%®8
43%
8%
2
3%
45%
44%
44%
43%
1%
Dec. 2
N. Y. Ontario & West-.
44 %
79%
80%
80
Norfolk & Western...... 79%
78%
80%
94%
94
96
Preferred.................. 96
86
96
The Bank rate of discount and open market rates at the Northern Securities_ 130
128
132
128
127
_
128
chief Continental cities have been as follows :
70
69%
69%
69%
Pennsylvania.............. 70%
08%
39%
40%
39%
40%
38%
Phila. & Reading *......
40%
46%
45%
1st preferred*........... 46
45%
46
46%
Dec. 3.
Nov. 20.
Nov 19.
Nov. 12.
42
41%
2d preferred *........... 42
41%
41.
42
B a te s o f
62%
62%
Southern Paoifle......... 65%
63%
63%
64
In terest a t
Bank
Open B a n k Open B a n k O p en B a n k Open Southern Railw., oom.. 86%
34%
34%
84%
35%
34%
98%
Bate. Market B a t e . M a r k e t B a t e . M a r k e t B a t e . Marks
Preferred.................. 98
98
97
88%
97%
Union Paeiflo.............. 114% 118% 109
111%
111% 110
811-16 3
8
8
2%
2 9-18
3
Preferred.................. 98
97%
97
97%
97%
97%
P a r is ..............
6
28
5
8%
8%
U. 8. Steel Corp., com.. 30%
29%
27%
28%
28%
6
4M
0
4
B e rlin . ..... .
93%
92%
Preferred..................
90%
88%
91%
917
8
5
5
3%
3%
5
6
4
4%
Hamburg.......
Wabash....................... 23
22
22%
21%
22
22%
6
5
3%
8%
6
4
5
Frankfort........
4H
Preferred.................. 46%
45%
44
43
43%
43
215-16 3
8
8
Amsterdam.....
2%
215-10 3
m
70%
Debenture “ B ” ___
70
68%
68%
68%
68
3
2%
Bru*»eU.........
3
3
2%
8
m
2%
* Price per share.
t December account.
3%
Henna...........
3%
3%
3%
3%
8%
8%
3%
St. Petersburg.
nom
5%
5% nom.
5% nom.
5% nom.
3
Madrid............
3
4%
4%
3
8
4%
4%
© u m r o j e r c m l a m i 3 | X is c c U a u c o xxs | | je w s
Copenhagen.... 4%
4%
4%
4%
4%
4%
4%
<%
—The well-known firms of Messrs. Price, Waterhouse &
Messrs. Pixley & Abell write as follows under date of
Co,, Chartered Accountants, and Messrs. Jones, Caesar,
D cember 1, 1904:
G old—The arrival o f bar gold this w eek from South A frica proved
m ore than the buyers w ere w illing to take, and the price was reduoed
t o 77e. 10%d., at w hich the ch ief portion w as purchased fo r Berlin. This
price is now not obtainable and the ten den cy is easier. It is reported
that * 1 ,0 0 0 ,0 0 0 in sovereigns w ill b eeh ip p ed hom e this week from
India. £450,000 has been w ithdraw n from the Bank this week, of
whioh £3 50 ,0 00 for Egypt. £14,000 has been paid in from Australia
and Paris. A rriva ls: Cape. £639.000; Australia, £28,000; Bom bay,
£ 4 0 0 0 ; 8traltp, £ 2 ,0 0 0 : W est Indies, £2 0,00 0. Total, £693,000.
Shipm ents: Bom bay, £36,000.
Silver—A fter a small reaotion the price hardened on renew ed c o v e r
in g by shorts for Novem ber, and in the last tw o days the tendency has
been very Arm on the news o f the large shipment, o f Gold from India,
referred to above. This has brought in som e speculative buyers and
we quote to-day 27%d. for cash, closing small sellers, while forward
is Arm at %d. low er. The prloe in India is Rs. 69%. A rrivals: New
Y ork, £ 1 8 4 ,0 0 0 ; Australia, £9,000. Total, £193,000. Shipm ents:
Bom bay, £8 2,00 0; H ong K ong, £52,001. Total, £ ) 34,001.
M exican D olla rs-T h ere is no business to report In Mexi an Dollars
and the price remains nominal at 27a. £36,800 has been shipped to
M exico via New York.
Dickinson, Wilmot & Co , Certified Pnblic Accountants of
54 William Street, New York City, have jointly established
permanent headquarters on the Pacific Coast, having opened
offices in the Mills Building, San Francisco. This branch
office will be under the personal direction of Mr. G. R. Web
ster, Chartered Accountant and Certified Public Accountant,
and Mr. F. G. Phillipps, Certified Public Accountant, The
San Francisco office has been established at the solicitation
of the firm’s large clientele on the Pacific Coast, who were
hitherto subjected to a delay and extra expense in having
their work executed from the firm’s Eastern offices. These
firms also have offices in Chicago, St. Louie, Pittsburgh,
Lornlon (England) and Melbourne (Australia), and were prac
tically the pioneer accounting concern in this country.
Messrs. A. Lowes Dickinson, H W. Wilmot, G O. May and
C. J. Marr compose the firm of Jones, Caesar, Dicninson,
Wilmot & Co.
2678
THE CHRONICLE.
Books Closed.
(Days Inclusive.)
Per When
Cent Payable
Itn ilro a d n (S ic ftin ).
Chicago & Kant. Ills., c o in .......................
Chio. R I. & Pacilio R y (q u a r .)............
D enver < Rio G range, p r o f.....................
&
L ou isville < N a sh v ille ..............................
fc
M inneapolis
8t. Lon is. p r e f................
N . Y . N ew H a v en
H artford (qu ar.).
N orthern Central (N o HO).......................
Phiia. Bair. & W a s h in g to n ......................
Philadelphia < Erie, c o m .........................
fe
S t r e e t R a ilw a y s .
Boston Suburban, pref. ( q u a r / ..............
Heat. M antua < Fair., Phiia., c o m ____
to
do
do
do
p r e f.......
M an ohester(N .H ) T rac., lit. < P. (qu .)
fe
R eadin g T r a c tio n ........................................
St. Joseph (M o ) U y.L t.H <feP.(pt. (q u .)
Union. Pass R y , Phiia ...........................
W ash ington W a ter Pow ., 8p oka n e(q u .)
W est Phiia. Pa*8. Ry., P h iia .................
B anks.
C itizen s’ Central N a tion a l.......................
M ech an ics’ N a tio n a l..................................
M ercan tile......................................................
S tate..................................................................
Y o rk v ille ....................................................... .
T r u s t C o m p a n ie s .
Central R ealty Bond < T r u s t ................
&
C o lo n ia l..........................................................
E q u itab le (quar ) ......... ...............................
F ranklin. B rook ly n (quar.) (N o. 5 8 )...
G uaranty ( q u a r ) .......................................
K n ick e r b o c k e r .............................................
do
(e x tr a ).............. .................
M etropolitan (N o. 3 3 )................................
N orth A m e rica n ..........................................
R eal E sta te....................................................
W illia m sb u rg , B rooklyn (q u a r .)...........
M is c e lla n e o u s .
A m erica n O lilcie pref (q u a r .)..............
A m erican Iron & Steel M fg., pf. (q u .).
A m erican S crew (quar ) ...........................
A m erican T ypefou n ders, com . (qu ar.).
do
do
p ref. (quar ).
Celluloid C om pany (q u a r.).......................
do
do
(e x tr a ).......................
Central Coal & Coke, com . (q u a r.)___
do
do
p ref. (qu ar ) .........
O nm berlan dT eleg.& T elep (q u .)(N o.8 5 )
E m pire Steel & Iron , p r e f.......................
In tern a tion al S ilver, pref. (qu a r.).........
In tern a t Sm okel P. & Chem ,com .(q u .)
In tern et Steam P., com (qu ) (N o. 16)
M ergen th a ler L in oty p e ( q u a r .) .............
do
do
(e x tr a )..............
N a tion al 8 u g ar R e f’g, pref. (q u a r .)___
Otis E leva tor, pref. (q u a r .)......................
P, L orillard, pref. (q u a r.).........................
St. J oseph Stook Y ards (q u a r .)...............
S ecu rities C om p an y ...................................
S3os8-8heffleld Steel & Iron , p ref. (qu .)
Standard Coupler, c o m ..............................
do
do
p ref ............................
T o rrin g ton C om pany, p r e f......... .............
U n ion B ag & Paper, pf. (qu .) (N o. 23).
U n ion F erry (q u a r .)...................................
U n ion S w itch & Signal, com . (q u a r .)..
do
do
pref. (q u a r .)..
U nited F r u it (qu ar ) (N o. 2 2 ) ................
U n ited G as Im pt. (q u a r .)......... ................
V a.-C arolina Chem., pf. (qu .) (N o. 37).
W e s t . U n ion T e le g (quar ) (N o. 145).
W estin gh ou se A ir B rake (q u a r .)...........
do
do
(e x tr a )...........
* Transfer books do not close,
5
Jan
Ian
2
2
3 Deo 24
10 Deo 29
Jan
3
2>a
2
4
2
2
Eeb 10
10
Deo 31
Jan 10
Deo 31
Deo 30
Jan
3
5
4
25
5
Jan 3
Jan 10
Feb 9
Jan 24
Jan 10
to
Jan 1
Holders of rec Deo. 15 *
Holders of reo D eo 31
H olders of rec. Dec 14
Holders of rec. Deo 21
16 Holders
20
20
16 Holders
) Holders
31 Holders
2 Holders
2 Holders
2 Holders
50c. Jan
2
Deo
3 Deo
1V Jan
>
76c Jan
1^ Deo
$4 75 Jan
IS Jan
$5 Jan
Jan
S Deo
Jan
2 Dec
Jan
3 Deo
Jan
1 Dec
Deo 31 Deo
6
5
2H
3
5
10
10
8
6
5
2
25
16
19
10
21
to
to
to
of reo. Deo 15
of
of
of
of
of
of
reo.
reo.
reo.
reo.
rec.
reo.
to
to
to
to
31 Deo 28
3
31
17
19
15
20
15
Jan 2
Jan 1
Jan 3
Deo 31
to
to
2 Dec 23
8 Holders of reo.
to
to
31 Dec 24
31 Holders of reo.
to
27 Deo 21
27 Deo 21
to
to
Deo 26
3
to
31 Dec 22
to
8 Deo 20
Holders of rec.
Jan
Jan
Dec
Deo
Deo
Dec
Deo
Jan
Deo
Jan
Jan
Deo
Deo
Deo
Deo
Deo
Deo
Jan
Deo
Jan
Jan
Deo
Deo
Deo
Jan
Jan
Jan
Deo
11
20
2
2
31
27
27
3
2
2
15
Jan 2
to
31 Deo 25
2 Holders of rec. Deo 24
Jan 1
to
31 Deo 22
15 Holders of reo. Jan 10
15 Holders of reo Jan 10
31 Holders of reo. Deo 15 *
31 Holders of reo. Deo 15*
16 Holders of reo. Deo 31
16 Holders of reo. Dec 31
Jan 2
to
2 Deo 21
1
to
Jan 2
2 Deo 17t
3 Holders of reo. Deo 20
Jan 3
to
3 Deo 21
to
Jan 2
81 Deo 18
to
Jan 2
31 Deo 18
Jan 11
to
3 Deo 21
14 Holders of rec. Deo 31
to
Jan 2
3 Deo 18
31 Holders of rec. Deo 24
to
Jan 15
14 Jan 1
Jan 3
3 Deo 21
to
Jan 2
23 Dec 18
to
to
Jan 2
23 Deo 18
2 Holders of reo. Deo 19
Jan 15
to
16 Jan 1
Jan 3
3 Dec 21
to
Jas 10
10 Jan 1
to
10 Jan 1
to
Jan 10
10 Holders of rec. Deo 31
14 Holders of rec. Dec 31
Jan 15
16 Jan 1
to
to
Jan 2
16 Deo 21
Jan 10
10 Deo 31
to
Jan 10
10 Deo 31
to
Deo
Jan
1 Deo
1 Jan
13 Jan
4
1^ Deo
2 Deo
l h Jan
Jan
1*4 Jan
Jan
1 Jan
50c. Jan
Jan
2 4 Dec
5 Deo
1 4 Jan
14 Jan
2 Jan
1 4 Deo
2 4 Jan
13 Jan
4
1 Deo
4 Deo
34 Jan
134 Jan
4 Jan
2 Jan
2 4 Jan
13 Jan
4
2 Jan
2 Jan
14 Jan
2 4 Jan
2 4 Jan
f.XXIX.
Breadstuffn Figures Brought from Page 2706.— The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Deo. 10
and since Aug. 1, for each of t be last three years have been:
D I T lt t E K D I .
Name of Company.
|V01.
t Correction.
R eceip ts a t —
F lo u r .
1
W h ea t.
B b l t .l M l b h
Chicago.......
Milwaukee ..
Duluth.........
Minneapolis.
Toledo.........
Detroit......
Cleveland ...
8L Louis ....
Peoria.......
Kansas City.
158.701
69.826
19,390
Tot. wk. 1904
Same wk. ’08.
Same wk.’OS.
S in c e A u g . 1.
1904 .............
1903 ..............
1902.............
329,308
365,259
329,713
4 000
11,077
52.876
12,900
Oats.
(J o rn .
1
B a rley .
R ye.
Bui5.0Oih«| B u s h .tW lb s B u s h 32 lb, Bush.48 l i t Bu.56 Ibt
503,072 3,720,400
820.400
016,070,
47,778
140,000
120.10*
238,30O
]
593.650
40,000
005,034'
232 76*
298.787,
42,401
182 500
401,300
893,760
40,860
8.430.9 lot
839 000
54.2^0
2,500
43,000
83,701
247,711
114,30k
.........
4,760
350,722
94 097
332,200
0i.O O
O|
261,700,
233,650
6.445
795,000
16,000
17,000
113,4'*
90,300.
010,200
75.000
400.500j
2,326,710
3.323 432
2,700,616
0,780.393
3.018 285
8,940,850
5,602 347
5,814,400
5,710,552
2.048,107
1,688,001
1,290,003
194.6S9
220,025
197,884
8,044.648 124,302.725 02,147,591 81,423.150 39,112.902 4,800 451
8,973.720 125,008 002 60,741 333 71.033,931 57,907.209 8,916,431
9,087.224 168.483,270 44.872,714 82,559.93 30.101,013 5,742,718
The receipts of dour and grain at the seaboard ports for
the week ended Dec. 10, 1904, follow:
* »ata
R eceip ts a t—
/***» |
bu sh .
b b ls
New York .........e
—. 145,772
Boston,.
«♦,« > « 27,209
m
Portland. Me ....
2,408
62,470
Philadelphia
42,678
Baltimore
1 510
Richmond
... 5*,009
Newport News,..
New Orleans*...........
8,660
Galveston ..
IMontreal
5.521
1,074
Mobile ........... ..
S.317
St. John, N. B.........
bu sh .
340,160
198,943
587.000
130,910
294,554
47*,005
21.002
1,428
100.300
32 900
19,*58
3,000
S4V>00
223,605
W 94
0.K
H 200
31/84
28,220
•♦ • •••
•
9,000
43,437
61,829
29,-78
20,450
....... .
17,000
42,301
R it
bUSK
k
314.400
19,7s0
20,000
20,000
b u ek
10,402
. *T,....
........... .........
30,433
36,671
2,879
9,899
62,600
8-^5,227 1.498.895
844,422
409,7 L
S 10.402
Total w eek.,. ... 350.930
878,220 40,059
Week 1903......
547,742 2,453,067 1.11.6,29? 1,680,291
* Receipt* do not include grain passing through New Orleans for foreig n
none on through b ills of lading.
Total receipts at port® Ztom Jan, 1 to Dec. 10 compare as
'•olinw for four years:
B
R eceip ts o f 1904.
Flour........................ bbls. 10,167,735
1903
20,807,591
1902
20,847.214
1901
21,728,497
Wheat ..........
bush. 39.820.060
Cora .................. ...
49,1 5,887
45.734.930
«»
Barley ....................
7,752.408
i*
Rye............-..........
1,129.950
98.880274
96.841.092
51 210 618
4,029,437
3,931,624
130,030.in8
22 277,716
49.821,707
8,804.098
6.465,080
154,197,870
104,411.048
69,749,150
5,165,940
3,648,084
256.006,645
211,899,299
337,102,093
Total g r a i n . “
148,019.903
The exports from tne several ioaooard ports for the week
ending Dec. 10, 1904, are shown in the annexed statement:
M x p o r t s fr o m --
C orn ,
bu sh
Ml#*
26,840
96 894
97,b08
flew York.
Portland, Me.
Boston.. . ....
Philadelphia..
taltlmors___
flowu'rt New*
Orleans..
Galveston..... .. . . . . . .
.... ...
**obiie.
St.John, N.B, 42.331
112,732
33,990
10,7 6
301,e98
2,128
19.431
12U.867
8,000
Total week.. 203,063
664,367
F lo w .
b b ls .
89.832
2,408
18,083
10,670
3,i 70
69.009
4,0 42
23,170
. *. •
20
10,870
70
1,074
3,317
8,379
9,399
142.251
B a rley ,
O a ts.
bu sh .
is i
52,040
bu sh
190.270
26,610
95,920
Fifli
bu
1,255
87,771
.. . . . . . . •• • •
•• •
30
••••M • • • • • • * V .
M •••• •• •
........
62,500
.........
371,302
39,050
The follow ing compila Same time *08.1,620,391 874.272 443.848 144.202 19,105 55,004 14,358
The destination of these experts for the week and since
tion, based on official Government statements, indicates the
Jniy 1,1904, it as below:
currency holdings of the Treasury on the 1st of September,
Flour.— ---- , -------- tVhteu.------- —
*
-------- Corn.
M x
t
k
n
Jul
We
n e Ju
n
Ju
October, November and December, 1904. Statement for u>*ih paonrds sfionrs e D e c .e k10. S i1,c 3904,l y DWce. e10 S iI, e s1904l y DW ce.e k B i1,e s19C4.y
e
e
10.
J u l y 1 to—
bUSh.
b b l* .
bu sh .
b u ih
b b ls .
corresponding dates in previous yea r ivill be found in Jilted Kingdom 49,782 1,492,491 203,003 6,014,941 222.739 6,070,554
Ooutlnent...... ... 65.994
024,835
542,317
400,2.0 5,45r,K58
C h r o n i c l e o f Dee. 26, 1908, page 2372.
3.900
3,3C0
1 2,587
«
& C. America.
11,041
29 >>SL
T
reasury
Cur
rency
H
o l d in g s
.—
TRE ASU RY NET H OLDIN GS.
Sept 1,1904 Oct. 1,1904 Nov. 1,1904 Dec, 1,1904
doldingsin Sub-Treasuries —
Netgold coin and bullion............
Net silver coin and bullion.........
NetU. S. Treasury notes....... .
Met legal-tender notes................
Netnational bank notes.............
Net fractional silv er............. . .
Cashin Sub-Treasuries.............
Cash In national banks.............
Cash in Philippine Islands.........
1
199.512,294
28,672,41
5
50,813
13,809,797
18,023,0*7
12,454,000
1
$
$
283,0^8,900 231,000,229 233,812,0»5
10.894.481 9,0? 1/80 9,092,8*0
44 070
61,U3
105.901
9,750,2 > 4,548,596 4,067,379
*
14,061,921 12,041,002 12,29-,003
11,400,29? 10.685,044 9,808.023
273,098,400 275.307,824 207,307,293 209,112,970
112,841.419 U2,303,M)5 U4.568.4H2 112,041,489
0,452,880 5,824/03 5,794,510 6,211,070
C ash In banks, sub-treas.,etc.. 392,392,765 393,491,032 387,720,285 380,360,129
current liabilities.*.... 94,417,401 92,081,86) 91,367,488 93,021,471
297,976,301 30l,414/i 63 ^90,362/97 293,344,650
160,000,000 150,000,001 160,000,000 150,000, U
00
Available cash balance......... 147.976,304 151,414,103 146,352,797 143.344.058
*' ‘Chiefly disbursing officers’ balances.”
Auction Sales.—Among other securities the following not
regularly dealt in at the Board, were recently sold at auction;
By Messrs. Adrian H. Muller & Son :
S to c k s .
Stocks.
20 Bowling Green Tr. C o ...2 2 4
4 Cook & Bernheimer Oo.,
20 N. Y. Seour < Trust Co.700
fe
8 p. o p re f....................... 93 1
a
6 Cook & Bernheimer Co,,
50 Gas < Electric Co. of
fc
Bergen Co....................... 0 4 5 9
6 p. o. com...................... 71
6 B’klyn U n.Elev.RR., pf. 31
13 North Amer. Trust C o ...275^
5
do
do
do com. 16
10 Nat. Bank of Conomeroe.240
35 Internal. BarkiDg Coro. 155
Bonds.
10 Guaranty Trust C o .......690 58
$4,500 Deutsoher Vereln (N.
25 K. O. St. L.& Chio. RR. 0
Y.) 1st 5s, 1911 .................. 65
p. o., p r e f....................... I52kj
$900 Oeutsoher Vereln Re
23 Internat. Ocean Telegr’k
i
Co. 6 p. o. stock............123 S
deemable S c rip .................. $60
20 Lawyers’ Title I qs C o ...340
$8,000 Grand Rapids & Ind.
lO Prospeot Park Bank.......135
RR.5s, M’skegon-Uiv., 1926.
Jan., 1904, coups, attached. 68 ^
30 Nat. Bk. of North Amer 223®s
11.528
4,*86
8,710
470 307
40 847
17U.339
*••.••••
••«• •♦
• •
Total*.............. 342,251 3,089 810 203,003
iPotal 1902-08.... 443,848 7,028,676 1,620,391
......
52,4i4
0,643,032
40,310,625
27,451
2,359
1/92
438,706
84,261
35562
604,357 12,184.528
874,272 28,488,779
The visible supply of gram, comprising the stocks in
canary at the principal points of accumulation at lake and
isabo&rd ports, Dec. 10, 1904, was as follows:
In s t o r e a t —
New f o r i .
Do
ftfofiti*.*
Boston.
Philadelphia.
Baltim ore...,,.........
New oneans.. ^ ^ .
dAiveston ..............
Montreal............
fOiORtl),,,.,. * . . i
Bufialo.v.. .....*««•««.
Do
afloat.........
Toledo..
Do
afloat.........
D e tro it....»». . . . . . . .
Do
afloat........
JMCftftO................... .
i* rif
049*14,
, b u sh ;
1.071,000
21,CC0
8 1 ,i 00
30 000
984 000
2L4 000
126 000
15.' 00
4,036,000
bu sh .
k u sh ,
281,000
9,000
107,000
274,000
490,000
423/ 00
1 529,000
102,000
490,000
15 v* 0
168.000
19,000
173 000
4O0
O
2,370,000
o
o
O
C
O
Gold reserve fu n d .......................
West Indies..
Sr.K.Am. C olo’ t
Ether countries
15 V 000
" 8,000
311.000
375,000
!!!.*!!!!
..........
v.v.'.'.v.
117,000
072.000
2,688,000
786,000
105,000
....
224.000
.
08,000
1,702,000
443 G O
O
6,144 000
893.000
*’ *2,000
34,C O
O
483,000
..........
’ 39,000
&d,bob
......... .
21,000
62,000
2,978,000
....
5,848,000
1,094,000
112,000
278,000
*90,000
12,000
1,009.000
28,000
221,000
3J4.000
73 000
444 000
1.5'W.OOO
218,000
‘ l2,V66
1,000
.........
1,315,000
621,000
14V,0 0
*0
946,000
242 000
092,000
Milwaukee...............
Do
a floa t.......
Fort William............ 1,274 ooc
Port Arthur... . . . ..T f 980.000
T
Duluth . . . . . . . . . . . . . . . . 8,080,000
....
Do
afloat...... .
oClnneapoiis............ 12.457,000
St. Louis................... 8,107,000
Do
Afloat •#
XansaiGity............... 1,700.000
1,000
P o o n a .........................
273 000
Indianapolis...........
Jb Mississippi River.
L a k e * ....................... 4,759,000
canal and r iv e r ..
Total Deo. 10. 1904 37.10 1,000
Total Dec. 3, 1904...80,800.000
Total Dec. 1\ 1903...34,304.000
Total Dec. 13, 1902, 48 151,000
Total Dec. 14, 1901...69.353,000
894 0C0
. . ...
135,000
* 12.060
4,006
33.000
*13,000
4,5f<5,000 24,201.000
3.181.000
6 693.000
5.493.000
11,187,000
24.4i*7,000
8,277.000
6,198.000
5.742.000
1.993.000
2.018.000
1.159.000
1.302.000
2.038.000
* 3,000
5,748,000
6,630,000
5,932,000
3 841.000
2,858.000
New York City Clearing House Banks.—Statement of
condition for the week ending Dec. 10, 1904, based on aver
age of daily results.
We om it two cip h ers (0 0 ) in a ll cases.
BANKS.
Bk. of N . Y .
M a n h a t. Co.
M e r c h a n ts ’
M e c h a n ic s ’ .
A m e r ic a ___
P h o e n ix . . .
C i t y .............
C h e m ica l ..
M erch . E x .
G a U a tin ___
B u t. So D r o v
M e ch .& T ra .
G r e e n w ic h .
A m e r .E x c h .
C o m m e r c e ..
M e r c a n t il e .
P a c ifi c _____
C h a th a m . . .
P e o p le ’ s . . .
N . A m e r ic a
H anover ...
I r v i n g ........
C itiz e n s ’ . .
N a ss a u ___
M a r.& F u lt.
S h oe <fcLthr.
C ornE xch .
O rie n ta l . . .
Im p . So T ra d
P a r k ...........
E a s t R iv e r
F o u r th ___
S e c o n d ___
F ir s t ..........
N .Y .N t .E x .
B ow ery . . .
N . Y . Co .. .
G erm a n A m
C h a se ...........
F ift h A v e . .
G erm a n E x .
G erm a n ia . .
L in c o ln ........
G a r f ie l d ___
F ift h ..........
B k . o f M e t ..
W e s t S id e ..
S e a b o a rd . .
1 st N .B k ly n
L ib e r t y ........
N . Y . P r. E x
N e w A m st.
A s t o r ..........
Capital.
2679
THE CHRONICLE
D ec . 17, 1904.
S u rplu s .
Loans.
$
$
$
2 .600.5 1 7 .9 5 7 .0
2 ,0 0 0 ,0
2 .415.5 2 8 .2 1 3 .0
2 .0 5 0 .0
2 ,0 0 0 ,0
1 ,4 -8 ,9 1 4 .021.2
3 .0 0 0 . 0 3 .3 6 6 .8 2 1 .3 5 1 .0
3 ,5 5 6 ,4 2 2 .9 2 5 .1
1 .5 0 0 .0
3 .2 0 0 .0
1 .0 0 0 . 0
261,1
2 5 .0 0 0 . 0 1 7 .0 0 3 .0 1 7 2 .7 0 4 .7
7 .7 0 1 .6 2 7 ,6 3 2 ,6
300.0
5.996.4
375 .6
600.0
2 .2 3 3 .0
8 .9 0 0 .4
1 ,000,0
2 ,0 1 8 ,2
127 .6
3 0 0 .0
5 .1 5 0 .0
357.7
7 0 0 .0
2 .967.7
539 .6
500.0
5 .0 0 0 . 0 4 .1 3 9 .8 2 9 .5 1 4 .3
2 5 .0 0 0 . 0 1 1 ,667,4 1 5 2 .4 8 8 .7
3 .0 0 0 . 0 4 .4 8 4 .2 2 3 .7 8 1 .0
625 .0
3 .3 6 8 .2
4 2 2 ,7
1 .081.3
6 .4 3 2 .9
4 5 0 .0
40 8 .9
2 .1 0 0 .2
2 0 0 .0
2 .0 0 0 . 0 2 .0 4 9 .3 1 5 .8 6 5 .0
3 .0 0 0 . 0 6 .774.7 4 8 .1 8 3 .4
6 .8 7 6 .0
1 .0 0 0 . 0 1 .091.4
69 7 .2 1 8 .6 1 5 .5
2 .5 5 0 .0
3 2 1 .4
2 .7 4 3 .5
5 0 0 .0
1 .3 3 5 .9
6 .7 4 4 .4
1 ,0 0 0 ,0
8 .0 8 0 .7
38 0 .7
1 ,0 0 0 ,0
3 .3 1 8 .5 2 8 .1 9 5 .0
2 ,0 0 0 ,0
1.058.3
7 .3 8 2 .3
7 5 0 .0
6 .7 0 3 .3 2 4 .4 7 8 .0
1 .5 0 0 .0
3 .0 0 0 . 0 7 .0 7 6 .4 6 8 .7 2 3 .0
134.2
1 .0 6 7 .3
2 5 0 .0
3 .0 0 0 . 0 2 .9 9 9 .0 2 0 .9 7 9 .6
9 .3 6 6 .0
1 .4 6 0 .2
3 0 0 .0
1 0 .0 0 0 . 0 1 4 .3 2 8 .0 100,3 7 6 ,4
874.7
7 .9 1 4 .6
1 .0 0 0 . 0
3 .3 9 9 .0
7 7 3 .4
2 5 0 .0
672.5
4 .5 6 9 .5
2 0 0 .0
51 7 .3
3 .9 3 8 .9
7 5 0 .0
4 .1 8 0 .6 4 5 .2 4 1 .7
1 ,0 0 0 ,0
9 .886.9
1 .785.4
1 0 0 .0
2 .5 1 0 .2
68 2 .7
2 0 0 ,0
8 7 5 .3
2 .779.6
2 0 0 ,0
1 .3 9 5 .5 1 3 ,6 6 0 ,5
3 0 0 .0
1 .3 0 6 .3
7 .5 7 0 .4
1 ,0 0 0 ,0
2 .6 0 0 .3
3 9 6 .0
2 5 0 .0
1 .4 5 6 .3
8 .6 3 5 .3
1 ,0 0 0 ,0
3 .9 2 2 .0
528.9
2 0 0 .0
1 .4 3 1 .4 1 5 .2 7 7 .0
5 0 0 .0
596.2
4 .3 2 0 .0
3 0 0 .0
1 .9 4 8 .4 1 1 .179.7
1 ,0 0 0 ,0
51 8 .3
6 .5 3 1 .7
1 ,0 0 0 ,0
6 .0 1 2 .4
561.1
5 0 0 .0
4 .7 4 1 .0
5 8 2 ,0
3 5 0 .0
Specie.
We om it two cip h ers (OO) in a ll these figures.
L ega ls . t Deposits R e
s’ ve.
$
$
New York City, Boston and Philadelphia Banks.—Below
is a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
$
P .C .
2 .4 4 9 .0 1 .8 2 3 .0 3 6,800,0 25*4
6 .2 8 4 .0 2 .2 2 9 .0 33.286.0 25- 5
3 .062.5 1 .332.2 17.248.8 25*4
3 .576.0 1 .973.0 2 1 .8 1 9 .0 25*4
3 ,8 8 9 ,9 2 .217.1 2 4 .7 8 4 .6 24*6
54 2 .0
2.684.0 28*5
225 .0
3 3 .4 2 1 .0 8 .4 9 6 .8 166,243,7 25*2
6 .8 4 2 .4 1.771.5 27.743.1 27*4
1 .2 3 2 .6
6,698,5 27*3
596 .6
552.4
7 .0 2 6 .3 26*8
1 .3 3 2 .5
2 .6 6 1 .0 25*0
85,9
58 1 ,9
5 .783.0 24*5
75 8 .0
652 .0
267,2
2 .8 6 8 .4 28*7
558,2
3 .3 5 3 .4 1.734.8 2 1 .6 2 4 .6 23*5
2 3 .87 9 .7 1 1 ,604,0 1 3 9 ,1 6 8 ,0 25*4
8 .7 8 9 .6 1 .240.5 2 0 .5 0 9 .0 24*5
325.1
4 .155.1 20*0
509.5
65 4 .8
6 .425.3 24*5
92 4 ,9
2 .775.8 3 0 0
4 8 7 .6
346.1
2 ,1 0 6 ,2 1.882.2 1 5 .016.9 26*5
1 2 .50 6 .7 3 .5 8 0 .6 5 9 .5 1 7 .2 27*0
6 .204.0 23*0
326.2
1 .1 0 1 .4
4 .5 5 6 .8 1 .3 6 7 .8 2 2 .9 4 8 .4 25*8
3 .2 4 0 .9 19-9
42 1 ,1
22 3 .8
6 .9 1 6 .9 30*3
713.5
1 .382.1
9 .051.1 24*2
4 3 6 .0
1 .9 0 7 .8
5 .1 6 9 .0 3 .6 3 0 .0 3 4 .5 9 1 .0 25*4
7 .771.1 28*7
4 3 0 ,4
1 .8 0 6 .0
3 .7 7 2 .0 1 .4 1 5 .0 2 1 .5 0 2 .0 24*1
1 5 .6 8 8 .0 5 .2 8 6 .0 7 9 .1 4 8 .0 26- 4
1 .602.2 40*8
194.7
45 9 .4
4 .29 1 .0 2 .2 3 7 .0 2 4 .1 6 2 .5 27*0
1 .1 1 7 .0 1 .652.0 1 0 .447.0 26-5
2 4 .62 7 .7 2 ,5 1 9 ,5 9 8 .8 4 4 .0 27*4
43 4 .1
1 .418.7
7 .3 1 1 .8 25*3
46 0 .0
3 .8 8 9 .0 20*8
35 1 .0
5 .5 2 1 .4 22*4
445 .7
7 9 1 .6
23 0 .1
4 .021.5 26*1
82 0 .4
1 2 ,26 5 ,4 1 .6 2 5 .3 5 3 .9 6 2 .4 25*7
2 .5 0 7 .6
34 0 .6 1 1 .0 3 7 .5 25*8
22 0 .0
3 .8 0 4 .5 27*7
8 3 5 .0
4 4 3 .0
5 .5 4 8 .0 21*9
77 1 .7
1.242.1 2 .1 2 1 .3 14.648.1 22*9
31 1 .8
1 .9 3 4 .6
8 .039.1 27*9
56 9 .9
2.794.1 25*2
135.9
5 3 5 .0 1 0 .428.3 25*2
2 .09 5 .1
620.0
4 .0 4 3 .0 24*5
37 4 .0
3 ,4 6 6 ,0 1 .504.0 1 8 ,5 2 8 ,0 26*8
64 9 .0
8 9 7 .0
4 .8 3 6 .0 31 9
24 9 .0
2 .3 5 6 .8
9 .8 4 6 .0 26*4
1 ,04 9 ,3
433.1
6 .0 3 1 .0 24*5
1 .3 8 2 .6
34 8 .0
7 .070.9 24*4
2 9 4 .0
9 3 8 .0
4 .8 1 2 .0 25*6
T o t a l . . . 1 1 5 ,9 7 2 ,7 1 3 5 ,1 8 7 ,7 1 0 8 2 0 8 9 4 2 1 1 ,9 6 5 ,1 7 6 ,9 1 0 ,1 1 1 1 8 0 4 0 0 25*8
,
t
t Total United States deposits included, $23,306,000.
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Dec. 10, 1904, based on average of daily results.
Capital &
BAN S Surplus.
K
Loans.
Specie.
Legals.
De
posits. t
C ircu
lation.
C le a r in g s .
a
*
<
g
N .Y.
$
S
$
$
$
Novi 9 251.160.4 11127107 223,918,4 75.640.7 11598776 42.188.5 2.184.204.7
Nov26 251.160.4 11024209 217,957,8 76.476.7 11442125 42.126.5 1.786.061.8
Dec 3 251.160.4 10906029 212.561.1 77,947,5 11278781 42.126.5 2,299,046,0
Dec 10 251.160.4 10820894 211.965.1 76,910,1 11180400 42,534,1 2,245,165,5
Bos*
Nov26 52.635.4 186,628,0 17.170.0 6.301.0 224.124.0 7.413.0 128,882,1
Dec 3 52.635.4 186.910.0 15.914.0 6.627.0 221.335.0 7.406.0 161.368.4
Dec 10 52.635.4 185.052.0 16.147.0 6.612.0 220.093.0 7.366.0 155,548,8
Pkila.
ro,o
68,0r
261.744.0 11.962.0 116,408,3
Nov26 48.167.1 215.835.0
66,31.8,0
Dec 3 48.167.1 216.438.0
260.125.0 11.977.0 173.820.5
61,5$*7,0
Dec 10 48.167.1 217.968.0
255.675.0 11.973.0 152,880,1
t Including for Boston and Philadelphia the item “ due toother banks, 19.
and also Government deposits. For Boston these Government deposit#
amounted on Dec. 10 to $3,757,000; on Deo. 3 to $3,764,000.
Imports and Exports for the Week.—The. following are
the imports at New York for the week ending for dry goods
Dec. 8 and for the week ending for general merchandise
Dec. 9 ; also totals since beginning first week January.
FOREIGN IMPORTS.
1904.
F o r week.
1903.
$1,964,756
Drv Goods____ _____
9,983,498
General Merchandise
Total____ ________ $11,948,254
1902.
1901.
$2,064,775
$2,799,138
$2,216,680
8,661,882
7,306,111
9,466,101
$9,370,886 $11,461,020 $11,682,781
Since Jan. 1.
Dry Goods.___ _____ $113,947,971 $122,436,199 $118,531,128 $101,398,318
General Merchandise 458,589,235 433,143,922 419,941,284 426,519,867
Total 49 weeks . . . . . $572,537,206 $555,580,121 $538,472,412 $527,918,185
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 12, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
1904.
1903.
1902.
1901.
$9,480,169 $12,113,769
$9,965,393 $11,330,534.
For the week..............
Previously reported.. 462,4L7,017 476,517,686 457,441,053 477,801,541
Total 49 weeks....... $471,897,186 $488,631,455 $467,406,446 $489,192,075
N ote.—As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount “previously reported/'
The following table shows the exports and imports of
specie at the port of New York for the week ending Dec. 10
and since Jan. 1,1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT N EW Y O R K
W e om it two cip h ers (OO) in a ll cases.
E xports .
D eposit w ith
BANKS.
Capi
00s omitted tal.
S ur
plus.
L oan s & Specie. Leg. T.
N et
ScBank Clear 1 Other Deposits
In vest
g
ments.
N otes . Agent. BJcs.Scc
N. Y. City.
B orou gh s oj
M an & B r’n x
$
243,1
291,8
116,7
81,9
123,3
118,9
193,0
195,8
245,0
106,6
682,2
114,3
105,4
285,3
122,5
304,0
63,3
135,2
137,7
1,117,2
517,4
01,1
$
2,956,8
5,009,0
2,245,6
1,902,6
3,374,0
2,525,3
3,061,6
1,436,9
3.441.0
1.276.0
8,393,0
1,868,0
1,637,1
2,117,1
908,2
2,354,2
683,4
710,7
2,195,9
4,029,0
4,252,3
412,2
$
72,7
309,0
110,5
13,1
169,7
136,0
29,6
24,0
227,0
21,7
468,0
46,0
56,6
39,2
12,9
11,3
25,7
12,5
222,4
294,6
137,3
28,5
$
244,3
204,0
103,7
171,4
123,0
109,5
317,9
173,4
216,0
102;4
403,0
221,0
150,3
321,7
56,1
141,0
34,9
37,6
62,4
48,3
241,9
17,9
$
$
$
312,0 244,2 3,480,3
373,0
3,5 5,246,0
272,7
30,0 2,774,6
185,0 139,6 2,262,1
276,3 230,0 3,878,6
298,7
55,7 3,256,8
194.4
55,7 3,327,1
753,2 372,9 2,448,1
196,0
3.741.0
89,7 162,7 1.492.1
184,0 1,362,0 10,239,0
127,0
2,280,0
94,S 169,3 1,991,4
206,1 114,4 2,480,7
81,8
918,3
266,0
5,4 2,385,8
34,8
82,8
726,3
74,4
581,3
75,8
1,283,1
214,7
25,6 2,325,0
655,8 500,0 5,082.0
32,8
67,2
492,3
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
337,0
161,3
585,4
407,2
63,3
760,8
598,3
162,2
184,7
89,6
245,4
116,0
84,4
91,8
2,343,8
1,843,7
3,631,2
7,371,7
1,281,2
5.428,0
3,287,0
1,341,3
1,562,1
711,1
1,393,0
1,228,9
821,0
1,821,7
16,6
131,0
255,9
187,9
11,8
195,0
140,0
17,6
69,0
11,5
138,0
61,1
47,2
30,0
205,3
71,5
123,0
542,1
121,3
319,0
303,0
94,2
138,7
59,2
23,0
122,2
29,0
109,1
259,1
7,1
228,2 122,5
660,7
51,2
979,9
83,2
148,5
47,3
913,U 26,0
380,0
68,0
43,5
84,2
90,4 120,0
83,0
74,1
225,0
35,0
219,7 362,0
31,8
84,0
148,3
30,4
2,475,7
2,102,8
4,299,5
8,987,0
1,507,2
5,737,0
3,615,0
1,356,9
1,780,4
769,8
1,501,0
1,704,5
828,0
1,920,5
100,0
115,5
894,6
55,5
10,0
......
836,6
400,0 1,082,3 4,216,2
172,5
300,3 2,074,3 1,396,1
6,760,4
250,0
250,0
200,0
660,9 2,175,0
261,9 1,224,0
294,4 1,502,0
93,3
74,3
45,3
81,3
27,6
68,8
268.9
230,4
472,0
100,7 1,912,9
22,2 1,169,9
4,9 1,879,3
110,0
125,0
538,2 2,862,4
160,7 1,246,4
194,5
57,9
40,0
35,1
156,8
86,3
673.9 3,342,0
72,0 1,226,2
$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
Colonial___
Columbia ..
14th Street.
Gansevoort.
Hamilton ..
Mt. Morris
M utual___
19th Ward .
Plaza .
Riverside ..
State ........
12th Ward .
23d Ward ..
Yorkville ..
Fidelity_
_
Jefferson ..
Century ...
Wash. Hgts
United Nat. 1 .000.0
Consol. Nat. 1,000,0
Union Exch 750,0
Chelsea Ex. 100,0
B orou gh oj
B rook lyn .
Broadway .
Brooklyn ..
Mfrs.’ Nat..
Mechanics’
Merchants’ .
Nassau Nat
Nat. City ..
North Side.
Peoples......
17th Ward .
SpragueNat
Union.........
Wallabout .
Borough ...
B orou gh of
R ichm ond.
1st Nat.,S. I.
J e r s e y C it y
First Nat...
H udson
Co
National .
Second Nat
Third Nat..
H oboken.
First Nat...
Second Nat.
87,9
Tot. Dec 10 102370 123630 1049768 4.474,2 6,325.4 127867 7,085.2 1184045
Tot. Dec 3 102370 123630 1035433 4,668,0 5,968.1 1i 1933 7.749,7 1163902
Tot. N oy26 1U2370 123630 1016024 4,505,4 6,115,7 126968 8,405,0 1163027
Gold*
W eek.
Since Jan. 1.
Great Britain..................
France................ ..............
G erm any..........................
W est Indies.....................
Mexico...............................
South America................
Ail other countries.......
$2,000,000 $23,667,979
53,668,942
1,000,000
2,005,000 17,001,225
1,626,995
4,650,515
3,042
. . . . . . . .
Total 1904..................
Total 1903..................
Total 1902..................
Silver.
Great Britain...................
France ...............................
G erm any......... ................
W est Indies.....................
M e x ic o ..............................
South America................
All other countries.........
$4,005,000 $101618,698
107,000 33,324,710
1,022,404
28,748,784
Total 1904..................
Total 1903..................
Total 1902..................
$310,960 $35,022,470
30,183,871
974,961
564,530
33,012,160
$308,460 $31,360,973
1,596,369
25,800
222,52*2
2,500
60,600
1,744,825
11,381
I mports.
W eek.
S ince J an. 1.
3,614
3,164
13,811
1,380
$2,052,978
3,489,290
1,633,993
989,302
121,497
1,040,380
138,562
$216,781
1,198,801
40,197
$9,466,002
14,566,3 64
5,924,718
$194,812
$o35
12,635
10,511
166,724
634,634
273,964
48,122
$3,450
1,300
14,012
$18,762
10,919
45,304
$1,147,125
1,528,176
1,229,527
Of the above imports for the week in 1904, $2,900 were
American gold coin and $4,300 American silver coin. Of the
exports during the same time, $4,005,000 were American gold
com and $------were American silver coin.
Auction Sales.— See page preceding.
^ u u k in Q a m i fJitm ticiaX.
Spencer Trask 6c Co.
Monthly Descriptive List of High-Grade
IN V E S T M E N T BONDS.
Transact a general banking business and execute
stock and bond orders upon the
New York Stock Exchange.
Branch Office, Albany, N.Y.
W illia m and Pine St*., New York.
M o f f a t
& W
h i t e
,
IU em bcrs N e w Y o r k S to ck E x ch a n g e ,
1 NASSAU STR E E T, CORN ER W A L L ,
Dealers in Investment Securities.
TeL 5820-582L C ortlan dt.
T e le p h o n e S io c k s a S p e c ia lt y .
2680
THE CHRONICLE
[VOL LXXlX.
U nion P acific con v ertib le 4s have been the prom inent
feature. The transactions in them have been on an enor
mous scale, and after d eclin in g nearly 5 points they have
s a r For D ividen d* te e page 2 6 7 S,
recovered a large part o f the I o s b . U . S. Steel 5s have been
only a little less active, but covered
m uch narrow er
WALL STREET, FRIDAY, DEC, 16, 1W
04.-5 F. M. and show a small fraction al net loss. a olorado Midlat d range
C
1st 4s
The M oney M ark et and Financial Situation.—The dis
and M exican Central 1st incom es have been n otably strong.
turbing influences noted last w eek as affectin g the se cu r'ty
Central o f G eorgia issues are nearly a poin t higher than last
markets w ere again dom inant at the opening this week,
w eek. Consolidated T ob a cco 4s have been weak.
but their force was soon spent. G ood b u y in g was evident
United States Bonds.—Sales o f G overnm ent bondB at the
at the low er prices and a favorable result o f the flurry has
been the sh iftin g o f securities in considerable volum e into Board are lim ited to $4,000 3s, co u p ., 1908-18, at 104% to
the hands o f stronger holders; and also a m ore con servative 105, and $500 3s, reg,, 1908-18, at 104%. The fo llow in g are
level o f prices. This level is n ow m uch b elow the recent the daily closing qu ota tion s; for yearly range see thtra page
m a xim u m —a con dition w h ich also exists in the cotton and follow in g:
grain markets.
Interest Dec.
Dec.
Dec.
Dec. Dec. Dec.
Periods
13
14
10
IS
12
16
The news o f the week is generally o f a favorable character.
A n advance o f L ouisville & N ashville’s dividend rate to la, 1930............registered Q —Jan *104*g ‘ 104*8 *104*« *104*8 *104*8 *104*8
three per cen t is the natural result o f largely increased earn 18,1930..____. . . . ooupon Q —Jan *104*8 *104*8 ‘ 104*8 *104*8 *104*8 *104*8
ings, w h ich , as is w ell know n, has been the experien ce o f la, 103O,Bma.l.registered
la, 1980, small___coupon
other systems, especially in the South and Southwest.
(a, 1918........... registered Q —Feb *104 *3 *i04*3 * 104*2 *1.04 *3 *i"04>3 *104*3
The foreign exchange m arket is firmer and further ship Is, 1918................. ooupon Q —Feb *104 >3 *104*3 ‘ 104*3 *104*3 104*3 105
>8,1018, small.registered Q —Feb __
m ents o f gold have been arranged for. The m oney m arket, Is, 1018, small___ooupon Q —Feb *104*4 *104*4 *104'*4 *104*4 *104*4 *104*4
on the other hand, is easier, and m axim um rates fo r call 4s, 1907............registered Q —Jan *106*8 ‘ 106*8 -105*8 •106*8 *106*8 *105*8
Q
*106*8
100*8
loans are abou t one per cent low er than those recen tly is , 1907..................ooupon Q —Jan ‘‘ 106*8 ‘*130*4 *106*8 *130*4 *106*8 *106*8
4s, 1935............registered
-F e b 180*4
*180*4
*130*4 *130*4
4s. 1925..................ooupon Q —Feb *181 *181 *181 *131 *181 *181
quoted.
The open m arket rates fo r call loans on the Stock E xch an ge
•Thins the price bid at tbe morning board; no 11I1 w n
as xaae
during the w eek on stock and bond collaterals have ranged
Railroad and Miscellaneous S to ck s.- On a volu m e o f
from 2 to 3% p. c. T o-d a y’s rates on ca ll were 2% to 3 p. c. business steadily dim inishing fro m over 2,000,000 shares on
P rim e com m ercial paper quoted at 4 % @ 4 % p. c. fo r endorse M onday to about 700,000 shares on Thursday, the stock
m ents and 4 % @ 4 % p. c. fo r best single names.
m arket has becom e m ore settled in ton e. F o llo w in g the
The Bank o f England w eekly statem ent on Thursday substantial recov ery noted at the close last week, M onday’s
showed a decrease in bu llion o f £657,651 and the percent m arket was again decidedly soft, no support bein g apparent
age of reserve to liabilities was 45’37, against 45'93 last w eek, to offset a flood o f liquidation w h ich in cluded all classes o f
the discount rate rem aining unchanged at 3 per cent. The stocks. T uesday’s m arket was weak at the opening, h ut
Bank o f F rance show s a decrease o f 3,975,000 fran cs in later, fo llo w in g a recov ery o f over 5 points in A m algam ated
gold and an increase o f 1,175,000 francs in silver.
Copper, there was a general reaction from the low prices
N E W Y O R K C ITY OLBARING-HOUSiS B AN KS.
w h ich had been recorded. Since Tuesday the m arket has been
steadier, but the tendency has been tow ards fu rth er re co v
Differences
1902
1903
1904
ery, w hich was quite pronounced to-day, and closin g prices
frotn
Dec. 13
Dec. 12
Dec. 10
previous week
are in a fe w cases nearly up to those o f last w eek. A list o f the
railw ay shares that have fluctuated over a range o f 5 points
*
9
§
$
115.572,700 102,251,900 or m ore includes N ew Y o rk Central, N orth W est., St. Paul,
Capital. . . . . . . . . . . . 115.972.700
132,221,000 121.964 800 Baltim ore & Ohio, Central o f N ew Jersey, D elaw are &
135.187.700
S u rplu s..........
Loans & discounts 1,082,089.400 Deo" 8,513,500 880,893,800 879,371,500
46.117.300
407,600
42.634.100 Inc
Circulation............
45,560,700 Hudson, Lackaw anna, Erie, L ouisville & N ashville, U nion
Net deposits......... *1,118,040 000 Dec 9,838,100 *842,855,700 873.731.200 P acific, M issouri P acific, G reat N orthern and B rook lyn
696,000 152,333,600 168.859.200 Rapid Transit.
211,665,100 Deo
S p e cie ...............
66.458.300
67,000 400
76.910.100 Deo 1,037,400
Legal tenders. . . . .
A large proportion o f industrial issues has covered a
Reserve h e ld ...... 288,875,200 Dec 1,633,490 218,791,900 226,819,700 w ider range, as follow s: A m algam ated Copper 7% points,
279,510,000 Dee 2,469,525 210,713,925 218,432,800
15 p. 0 . ©1 deposits
A naconda M ining 10% points, U nited States Steel pre
9,365,200 Inc
826,125
8,077,976
8,386,900 ferred 6% points, Tennessee Coal & Iron 8% points, C ol
Surplus reserve
* $23,306,090 United States deposits included, against $23,333,200 last orado Fuel & Iron 7% points, G eneral E le ctric 7% points,
week and $86,808,700 tho corresponding week of 1803. With these N ew Y o rk A ir Brake 8 points, A m erican Sugar R efining 6%
United Statesdeposits elim inated,thesurpiusreservew ould he $16,191,700
points and C onsolidated Gas 9% points.
on Deo. 10 and $14,372,376 on Deo. 3.
N ote .—Returnsof separate hanks appear on th epreoedin g page.
For daily volume o f business seepage 2687.
The follow in g sales have occu rred this w eek o f shares n ot
F o re ig n E xch an ge.— The m arket fo r foreign exchange was
strong this w eek, influenced b y a dem and to rem it fo r m er represented in our detailed list on the pages w h ich follow .
ca n tile and bankers’ settlem ents. G old exports are $1,600,000
Sales
STOCKS
for
Bangs tor Week
Range since Jan. 1.
coin to G erm any and $500,000 to A rgentina.
Week Finding Dec. 16 Week
T o-d ay’s (F rid a y ’s) nom inal rates fo r sterling exchange
609 21 Deo
13
w ere 4 85@4 85% fo r sixty day and 4 87% @ 4 88 fo r sight. T o Amer Agrioul Cbem....... 300 80 Deo 15 2 3 q D ecl0 74 Mar 24<*Deo
Amer Beet Sugar, pref..
16 80 Dec 16
Sep 80 Nov
26 95 Dec 10 05 Deo 10 82 JftC 95 Deo
d ay’s (F rid ay’s) actual rates fo r sterling exch ange were Amer Teleg & Cable., ..
Tobac Co
100
4 8465@4 8475 for long, 4 -8720@4 8730 fo r short and 4 8765@ Amer & Denv C,(old) pf.. 500 147*4DeclS 147*4Deo)3 130>4Feh 149 Nov
Ft W
stmpd..
38 Dec 12 38 Deo 12 88 Dec 64 Feb
4 8775 for cables. C om m ercial on banks, 4 8435@4 8445, and general Chemical, prel..
20 101*4 D ecl5 101*4Deol5 94 Feh lO iqD ec
Homestake Mining........
110 70 Dec 12 73 DeoiS ASiaMa- 73 Nor
docum ents fo r paym ent, 4 83% @ 4 84%. C otton fo r paym ent,
Knick loe (Chicago),prel 300 64 Deo 18 64T
8Deo 12 48*sJan 63 Oot
4 83% @ 4 83% ; cotton for acceptan ce, 4 8435@4 8445, and Met W S Elev (Chic ) ...
42 23 Deo 10 23 Deo 10 16 Jan 23 Dec
Nat Enam < Stamping.. 800 22 Deo 10 22*sDeol2 14 Sep 2S*aOct
fc
grain for paym ent, 4 84% @ 4 84%.
Preferred......................
*85*4Dec 16 86**Deo
75
87
T o-d ay’s (F rid a y ’s) actual rates fo r Paris bankers’ fran cs N Y & N J Telephone... 300 165 Deo 10 166 Deo 10 140 J’ly 165 Nov
10
10
Feb
Deo
64 184*3DeclO 184*aDeo 10 L79*gJ’ly l84*20ct
were 5 18% *@ 5 18% for long and 5 15%$@5 15%* for short. Plttsb Ft Wayne & Chic
»4J’ne
3SNov
G erm any bankers’ marks were 95@95 1-16f fo r lon g and Quicksilver Mining........ 100 2 Deo 10 2 Deo 10
KB Securities 111 Cent’l
95 11-16 a) 95% f fo r short.
A m sterdam bankers’ guilders
stook trust certificates 140 91*aDeol2 9aVD eol4 85 Feb 98 May
United Fruit Co.............
100 104 Dec 13 104 Dec 13 96 Feb 112*sJ’ne
w ere 40%T[@40 3-16f for lon g and 40%^[@40 7-16f fo r short.
E xch an ge at Paris on L ondon to-day, 25 f. 15% c.; w eek ’s
range, 25 f. 16c, high and 25 f. 15 c. low .
Outside M ark et.— A sharp break o f 16 points in the p rice
T h e w eek ’s range fo r ex ch a n g e rates fo llo w s :
o f Greene C onsolidated Copper stock furn ish ed the m ost
----------- Long.---------- ,
,-----------Short.-----------,
,— -Cables.------- ,
sensational feature o f the trading in the m arket fo r unlisted
S terlin g A ctu a l—
securities. F rom 34% on Saturday the price o f these shares
H ig h ... I 4 8466
® 4 8476 I 4 8720 ® 4 8730
4 8765 © 4 8776
L o w ... 14 8365
® 4 8375 | 4 8665 ® 4 8660
4 8675 ® 4 8680
broke violently on M onday to 21% (under the general attack
P a rU B a n k ers’ F rancs—
on the m arket m ade b y a Boston op era tor), w hile on the
H ig h ... I 5 18*s*
@ 6 18*8 j 5 15*8* ® 5 15*8* I ............................
follow in g day, on fu rth er heavy selling, it was forced
L o w . . . I 5 18*4
@ 5 1 8 V I 6 16 V
@ 5 1 6 V | ............................
dow n to 18%; the close to-daj7 was at 26%.
Greene
Derma,ny B a n k ers’ M a rks—
Consolidated G old, another com pany con trolled by the
H ig h ... I 05
® 9 5 ii6t 1 96U i 6 ® 9 5 V
I .......... ................
L o w .... | 94i»i6 ® 95
j 05016 ® 9 5 V i ..................
same interests as the copper com pany, was also d e
A m sterdam B an kers’ G uilders—
cid ed ly weak, declinin g fro m 12 to 7, the final sale to
H ig h ... I 4 0 V
® 408iet
I 40MI
® 407i«t
I ............................
day bein g at 8% . Tennessee Copper sank from 39% to 34,
L o w .... | 4 0 V
® 40V1
I 40*8
@ 40*8** I .......... . ................
and after recovery to 37% it fe ll back again to 34%; tbe last
||||*: * 116 Of 1%. t l *» Of 1%. t
of 1%. P lu s : in 16 Of 1%. * * l 8* O fl% .
sale to-day was at 35%. British C olum bia Copper lost a
'The fo llo w in g w e re th e ra te s f o r d o m e s tic e x c h a n g e on
poin t to 5% , and ended the w eek at 6% . F ollow in g an a d
N ew STork a t th e u n d e r-m e n tio n e d c itie s t o - d a y : S a va n n a h , vance o f 2% points to 129, the price o f N orthern Securities
b u yin g, 50o. p er $1,009 d iscou n t; selling, 75c. per $L,000 pre
stock ran off to 121%, b u t later recovered, and to-d ay rose
m ium ; C h a rle sto n , 12% c, per $1,000 prem ium ; C h ica g o , 20c. to 129%, the highest figure on record ; the close was at
per $1,000 prem ium ; St. L ou is, 40@45c. per $1,000 prem ium ;
129%; total transactions fo r the w eek in this stock were about
N ew O rlean s, bank, 25 s. per $1,000 prem ium ; com m ercial, 60,000 shares. Seaboard A ir L in e com m on dropped 2%
par; San Francisco, 25c. per $1,000 prem ium .
points to 16% and closes to-day at 17%; the preferred sank
State and R a ilro a d B o n d s .—Sales o f State bonds at the from 39 to 36%, and after a rise to 37% it declined again to
Board in clude $1,009 Tennessee settlem ent 3s at 96% and 36%. Standard Oi 1 dropped from 640 to 625 and closes to-day
$90,000 V irgin ia 6s deferred trust receipts at 8 % to 9.
at 635. Starting at 164%, Interborough R apid Transit de
The m arket for railw ay bonds has been m u ch less a ctiv e clined to 158, and a fter an advance to 165% it ended the
than o f late and p rices have m oved irreg u la rly — the week at 163%. N ew Orleans R ailw ays preferred lost 12%
w ide fluctuations in stocks h a v ia g been reflected in this points to 14%, w hile the com m on fell 2 points to 3%.
department.
Outside quotations w ill be fou n d on page 2687.
26 81
Few lo r k Stock Exchange—Stock Secord, Daily, Weekly and Yearly
O C C U P Y IN G
STO C K S—H IG H E S T
S a tu rd a y
D ec. 1 0
M onday
L ee. 12
A N D
T u esd a y
L ee. 13
LO W EST
SA L E
W ed n esd ay
L ee. 14
TW O
P R IC E S
T h u rsd a y
L ee. 15
PAGES
STOCKS
NEW yo r e : stock
EXCHANGE
F rid a y
D ec. 16
R a ilr o a d s ,
*33
*32
36
*32
36
*32
36
nn A r b o r .............—........
*33
37
37
*62
66
*62
*62
*62
66
66
*63
66
D o p r e f.........................
66
8 3 38 86
823 85
4
82
84*2
82*2 83*2
8 3 58 85 Atoll. T op ek a & Santa Ee.
102* b 1 03 *2 102 102*2 1 0 1 34 1 0 2 *s 10134 102*4 102 1023s
D o p r e f........... .............
149 150
1 4 9 7g 150
148*4 151
150 152
151*2 1533s A tla n tic Coast L in e R E ...
95*8 99*4
99*8 100*4 100 10034
9 8 34 1 0 0 7s
97 78 100
altim ore & O M o ...........
96
*05
9 5 58 9 5 5g
95*2 953 *95
4
9 5 3 9 5 34
4
D o p re f.................. .
96
58
59*2
56*4 5 8 7fa 67*2 6 9 3
4
57*2 623
4
683 60 B rook ly n R apid T r a n s it..
4
. . . . . . . . . . . . *155 160
155 160 Buffalo R och . & P itts b ’ g.
*•150 160 *150 160
*155 165
155 165
*155 165 *155 165
D o pref.... ....................
*82
87
*82
87
*82
86
*82
87 B u ffalo & Susque, p r e f ...
4
129 131*2 12734 129*2 128*21 2 9 \ 1283 129^5 129*2 1307 / Canadian P a c ific ----------i
69
69*8 *70
71*2 *69
71*2 *70
69*8 69 *s
71*2 v Canada S ou th ern ----------186 188
188 190
189 190
188*8191
189 190 Central o f N e w J e r s e y ...
4 4 3 46*2
4
4 6 34 47*4
46*4 48
453 48*2
4
47
48*4 C hesapeake & O hio...........
40
40
3 8 3 403
4
4
40
41
39*4 40
&
39*4 44*2 C liicago < A lto n ................
85
85
85
*80
85
*80
*78
D o p r e f...............- ........
85
*130 145
*128 145
*130 145
130 150 C liicago & East. TIL, pref.
*130 145
*i.30 145
22
23
22
22 5s
22
21*8 23*2
21*4 22*2
22*8 23*2
223 C liicago G reat W e s te r n ..
4
*87
90
*85
8878 *85
D o 4 p. c. deben tu res
8 4 3 86
4
86 78H *83
*88
90
88
65
65
*60
67
*60
66
*67
69
D o 5 p. c. pref. “ A ” ..
*67
71
*60*2 65
34
34
34
34
34
35*2
*33*2 35
D o 4 p. c. pref. “ B ” . .
35
35 7s
35 ® 36
8
165 *2 167 6s 166*4 1683 1 6 6 5 a l6 7 « 16734 1 6 9 ^ C liicago M ilw . < St. Paul.
4
4
&
171*4 172*2 1653 171
8
183 183
184*2 184*2 r181 183
*181 185 * 183 184*8 *180 184
fc
D o p r e f.............- ..........
198 200
200 203
202 204
204 2043 C h icago & N ortli W estern
206*2 207*2 #198*2 202
4
# 2 3 2 3 23234
4
232*2 2 3 3 78 233 233*2
D o p r e f.........................
*150 155 *150 _____ f150 153 Chic. St. P. M inn. & Om.
*150 155
*150*4 157 *150 155
*190 195
*187 195 *187 195 *187 194
D o p r e f............. ............
*190 195
'187 193
1134 12*4
1134 13
11*2 12*2
13*4 13*8
l l 7s 12
11*2 12 C h icago T e n n T T ra n sfer.
23
233
4
22
20*2 2 1 34
22
22*2
21
22*2
23
24*2
D o p r e f................ - —
22
12
12
12
11
113 123
4
4
1 2 3 13*4
4
11*2 12*4
1 1 78 12*2 C hicago U n ion T ra ctio n .
43
43
44
45
44*2 44*2
. 43
45
43*2 43*2
D o p r e f.........................
44*2 44*2
89
89
8 7 ^ 87
87*2 87 7«
87
88*2
fc
89
89*8 89*8
90** C leve. Cin. Chic. < St. L .
*110 115
*105 115 *105 118
114 114
*110 115
D o p r e f ........... —........
'114
20*2 21*2
21
22
21*8 21*8
2 1 78 2 2 %
Colorado & So., v o t. trust
20*2 213ft
21
23
58
683s
56 34 57
55
57
57
D o 1st pf. v ot. tr. c f s.
§58
58
56*2
57*4 58
*32
D o 2 d p f. v o t. tr . ctfs.
34
33
33
33*2 34
33*2 34
34
34
34
343
4
184 137
elaw are & H u d so n ----187*2 188
184*2 185*2 185 186
183*2 186*2 181 184
*305 335
320 320
"325 335
330 330
elaw . L ack. & W e s t'n .
*327 335
335 335
30
30
31
31
31
31
32*4 32*4
§31*2 5 1 ^
30*8 31*3 D e n v e r & R io G rande----86*8 87
86
86
D o p r e f.........................
85*2 86*2
85*4 86
8 5 78 86*2
86 7 88*4
s
*24
26
25*2 *24
*24
*24*2 26*2 *25*2 26
27 D es M oin es & F t. D od ge.
6
6
6*2
6*2
6*2
6*8
6*4
6 7s
6*2
6*2
67
a 7*s D etroit Sou th .vot. tr. ctfs
*2734 29
27*2 28
D o pref. v ot. tr. ctfs.
27
27*4
28
28
2 6 3 27*2
4
29
30*4
77
77
77
77*2
77*2 77*2 *77
78
78*2
78*2 78*2
78*2 D etroit U n ite d ....................
* 10*4 12
D uluth So. Shore < A t l ..
fc
12*2 * 10*4 12
*10*4 12
12
* 11*2 12*2 * 1 1
12
*203 22
4
4
D o p r e f.........................
*22
24*4 *21^4 23
21*2 21*2 * 203 22
21
22
33
36
35*8 3 6 3
4
35*a 36*2
36*2 38
n e ......................................
36*2 3 6 3
38*4 3 8 3
4
4
733* 76*4
72
73*2 74*8
7 3 7fi
73
743
4
D o 1st p r e f..................
75*8 76
74
74*2
53
653
4
53
56
53
54*2 54*2
D o 2d p r e f..................
5 4 7e
56*8 57
55*4 55*2
62
66
*60
63
*60
63
"6 0
63
E v a n sv . & T e r re H a u te ..
*60
63
*60
67
*80
85
"8 0
83
*80
83
*80
83
D o p r e f.........................
' *80
83
*80
86
"2 1 5 228
220 220
216 216
2 2 1 221
*220 230
228 240 G reat N orth ern , p re t.......
*
86
*82
86 G reen B ay & W ., deb. ctf.A
18
18
17
18
Do
deb. ctf. B
18
18
18*4 18*4
18*4 18*4
*17*2 18*2
89
89
89
90
8 9 7e *89
90
91
89
89*2 T J o c k in g V a lle y ...............
9 2 3;
92
93
93
92*2 92*2
92
92*2
93
94*2
9234 9 2 34 X jld o p r e f.........................
4
150 1 5 1 7r 151*4 153*2 152*4 153*4 153 1543
155 15534 1503 155
4 llin ois C en tral................
28
28
29
30
31
3 0 78 3 0 7g
28
283 "27
4
28*2 29*4 ow a C en tral......................
*54
*54
66
56
*54
66
*55
67
D o p r e f.........................
5 6 1 67
-!
5 5 :i4 56*4
37% *36
*36
3734 *36
37
anaw ha < M ich ig a n ..
&
*36
38
*86
38*2 *36
38
82
82
82
81
C .F t.S .& M .,tr. cts. pfd
82
82
81 ^ 82*2
X S134 82
29
29 *2 29
27
28*2
28*2 28*2
27*2 30
'28
29*8
30 K an sas C ity So. v ot. t r . ..
*50
50
53
52
52*4
61*2 5334
D o p ie f. v ot. tr. ctfs.
; 5134 64\|
51*2
52
54«8
*15
16
15
15
15
15
16
16
*16
18
*14
17 K eok u k & D es M o in e s ...
*47
51
*47
51
*47
51
*47
51
f*47
51
D o p r e f.........................
*47
51
*35
38
*32
35
*37
40
*36
37
ake E rie & W e s t e r n ...
38
88
87
37
96
96
*96 102
*96 102
*96 100
*96 102
D o p r e f.........................
*95 102
*270
*270 ......... *270 ......... f270
*270 275 *270 .
L. Sh ore & M ich . S ou th ’ n
*56
62
*58
62
*57
62
*55
62
62
62
*56
62 L o n g Is la n d .........................
135 138
137*213958 1 3 6 7a 1383 139*4 1413s L o u isv ille & N a s h v ille ...
4
14234 143*4 137 142 4
4
anhattan E le v a te d . . .
16238 163*4 163 163
. 16434 165
16338 i64*2 1623 164
163 163*2
75
7 6 78 78*4
etrop. Secur., sub. rec.
79*8 7 9 3
4
76*2 793
4
77*4
76*4 77*2
78
78*2
4
' ,1 2 1 ^ 1 2 2
4
117*2121*4 117*4 119 L 118*4 11934 1183 121*4 120 121 M etropolitan S treet.........
19*3 2 1 7g
20*2 213ft
19*8 20
193 213
4
4
21*2 2 1 3
4
21*8 2 1 3 M ex ica n C en tral................
4
*134 150 *135 140 *135 140
*134 150 *130 140
135 3 40 M ich ig an C en tral...............
60
60
*61
62
63
6434 *64*2 65
60
61*2
&
61
63*2 M inn eap olis < St. L ou is.
*94
98
95
95
*93 . . . . . .
*93
98
*93
98
D o p r e f.........................
86*8 8734
r 90
90*2
87*2 87*2
84*2 87*2
87*2 87*2
87*2 88 M inn. S. P. & S. S. M arie.
144 144
144 144
146 146 *144 148
*145 148
D o p r e f.........................
146 146
29*2 30
3 2 3 331,
4
2 9 3 30« f
4
3 0 58 32*2
30
i
29*4 30*2
303 M o. K ansas & T e x a s ........
4
6 1 3 63
4
61
62*2
D o p r e f.........................
60*2 62*2
. 63*4 6334
613 63*2
4
62*4 6334
10 8^ 1 091 8 105 1 0 8 38 103 1063* 1051* 1 0 7 ^ 10534 lO 0s8 106 5q 1073 M issou ri P a c ific ................
4
L43 143 *140 145
*141 145 *141 145
*143 146
ash. Chatt. < St. L ou is
&
1443 145
4
40
39
393ft *39
39*4 4 0 7s
39*2 39*2
a t.o f M ex, n o n -cu m .p f
41*4 41*4
40
41*4
23 *2
20*4 20*4 *20 .........
21*2 21*2 *21*4 22*2
D o 2d p r e f....................
22*2 ‘J 2*2 *22
4
135 1 3 7 7s 133 1353 135*2137
; 138 139
135*4136*4 136*2 140 N . Y . C entral & H u d so n ..
42
42
40*8 41*2
42*2 42*2 *40*2 42*2
*43
44
43
44 N . Y . Chic. & St. L o u is ...
* 1 1 2 120
* 1 1 2 120
* 11 0 120
* 1 1 2 120
* 1 1 2 120
D o 1st p r e f..................
110 120
*74
75
75
76
76
78
*74
78
*75
78
D o 2d p r e f..................
76
76*2
198 198 *195 198
197 197*2 §190 197
fc
*19534 198 N . Y . N . H a v en < H a rtf.
*196*2198
4 1 3 4 2 7ft 42*2 4334
4
4 1 7s 4 3 34
43*4 4 3 58 43 58 44 N. Y . O ntario & W estern .
44*4 44*2
75«a 7 8 3
4
7634 79
7 7 3i 7834
75 34 77*2
7734 7 8 3
4
78'*8 78 7f N o r fo lk & W e s te r n ...........
*90
94
9 3 3 9 3 3 *92
4
4
94
*92
94
*92*2 94
D o ad ju stm ent p ref.
94
94
7 4 3 7434 *73
4
76
76
76
76
a cific C oast C o...............
77
77
76*2
76*2 76*2
*97 105
*97 105
*97 105
*98 105
*98 105
D o 1st p r e f..................
*97 105
80
80
83
*81
83
D o 2d p r e f..................
)* 8 1
83
§82*2 82*2 *80
*80
83*2
133 78 1353 134 135
4
1S 678 13734 1 3 3 7 136*2 132 135
s
135 136*2 P en n sy lv a n ia ......................
31
*29
31
"28
31
28
28
*28
*28*2 31
31 T eoria & E a stern ...............
*28
*75
80
*75
80
*75
80
*76
80
*75
80
*75 • 80 P ere M a rq u ette..................
D o p r e f.........................
78
7434 75
78
7 8 la 7 8 76 75
75
77 3 *75
4
77
77*2 P itts b. Cin. Chic. & St. L.
D o p r e f.................. .......
*104 1053 105 105 *104 100 *104 106 *104 100
4
104 106
75
79
78*8 30
74*4 77 3& 76*2 79*4
77*4 7S 78
78*8 79
*90
92
90
90*2
90
90*2 *89*2 90*2
90
90*2
2d p r e f ...........................
82
82
81*2 82
81*2 81*2
*81 « 82
80*4 80*2
3 0 78 32*8
32*4 35*4
31*4 33
3 1 78 3 2 34 R o c k Islan d C om pan y___
343 35®
4
4
30*4 33
82 \ 85
83
8 3 34
D o p r e f.........................
84 ^ 86 *2
83*2 8 4 3
4
82*2 84
83*2 84
R u tlan d, p r e f ......................
*15
17
*16
17
17
%. J osep h <fcGr’ d Isla n d .
16*2 *16
17
*15
*14*2 16*2 *15
*53
68
*63
68
*52
66
*62
58
*52
67
D o 1st p r e f..................
*52
56
*24
28
*24
28
*24
27
*22
28
*23
28
D o 2d p r e f..................
*23
28
80
*75
78
*75
78
*75
78
*77*2 79*2 *77
78 St. L. dbS.Fr., 1st p r e f___
*73
D o 2d p r e f..................
65
66*2
> 86*2 67
63*4 6 4 34
65
65*4
65*2 6 6 34
65*4 07*2
A180 185
C.«fc E. L o o m sto ck tr ctfs
180
182*2182*21 180 180 *178 184 *178 184
*33
37
*63
67
86
86*4
102 3 103*2
4
153 154
100*4 10078
§ 9 5 7s 9 o 78
62*2 6338
*130 160
*145 165
*82
86
131*4 132
*69
71
192 192
47 34 4 8 7e
.42*2 42*2
A
B
D
E
I
K
L
M
N
P
8
R a n ge to r Y ear 1904
S a le s of
O n b a s is o f 1 0 0 -s K a r e lo ts
th e
W eek
L ow est
S h a res
H ig h e st
25 J ’l y l l 34 N ov 7
£493 J ’ne 8 66 N o v i 8
4
L31,800 64 F e b 24 89 *4 N ov26
7,664 87®8 Jan 6 104*8 N ov25
7,625 104*2 F eb 18 L55*2N ovl5
215,283 7 2 78 M ar 14 101 * D eo 6
4
1,414 8 7 58 Feb 19 96 *2 O ct 19
86,295 38 F e b 24 70 *2 N ov 15
118*4 M ar 2 160 O ct 3
$135*2 J’ne24 165 O ct 3
83 N ov 7 89 A ug23
28.350 109*2 M ar 12 13534 O ct 25
390 64 A p r 2 9 72 N ov lO
2,700 154*2 F eb2 0 1943 N o v i 1
4
40.350 28*4 M a rl4 51 N o v i 8
7,000 33 Jan 15 47*4 N o v l8
100 75 Jan 2 85*4 J a n 2 1
124 F e b 11 143 O ct 15
57,020 12 78 J ’ne 8 26*4 N ov28
400 80*2 J ’ly 13 90 N ov 7
200 47*2 J’ne 6 7 4 3 N ov28
4
3,300 20 J ’ne 6 39*2 Nov25
130,175 137 * F e b 24 1773s D ec 1
b
3,000 173 M ar 4 18578 O ct 25
4,600 161*s M a rl4 214*2 D ec 1
700 207 F e b 8 237 N ov 3 0
100 135 M ar2 2 160 N o v i
§165 A p r 2 8 192 D eo 9
7,615
6*4 A ug31 16*4 N ov22
4,600 11*2 Aug31 2 7 3 N ov22
4
7,110
4 J ’l y l l 15*4 N ov21
3,100 29 May24 48*2 N ov25
2,550 68*2 M aylS 9339 D ec 1
100 100 F e b 8 115 N ov23
5,290 13 *2 J ’ ne 1 243a N o v l5
2,950 48 J ’ne 1 60*4 N ov 15
1,650 17 78 J ’ne 7 37 *2 N o v l5
15,200 149 M ar 12 190*2 D eo 6
400 250*2 F eb 23 35934 D eo 6
1,920 18 M a rl4 35 78 N o v i 4
7,476 64*2 F eb 24 8834 D ec 5
19*2Jan 7 27 D eo 6
1*8 J ’ ne27 1434 Jan 23
3,100
4,80U
2 34 J ’ne27 3 0 78 N ov 17
1,000 60*8 J ’n e l 6 7 9 34 D ec 5
5 *e J ’ne 3 1 4 78 N o v l5
120
9*4 AnglU 28*2 N o v l4
720
21*2 M a y l6 i l ^ N o v 9
199,800
40,260 5 5 5e M ay3i 77 D eo 6
5,300 33 May 16 58*2 D eo 6
4,200 54 J ’ly 15 66 *2 Jan 27
72 F e b 23 83 N o v l 6
1,000 170 M a rl 7 240 D e c 16
70 A u glO 86*2 N o v l 8
4
54 11 J ’ ne 1 2 0 3 N ov 14
1,600 60 M ay24 94 D e c 5
1,400 77 M a r l 2 95 D e c 6
4
45,247 1253 F e b 2 4 159 D eo 6
3,610 14 J ’ne 4 33 N ov 12
32 F e b 2 5 5 9 3 N o v i 4
4
800
22 *2 May 9 38 D ec 8
2,560 64*8 J ’ne 1 83*2 N o v l9
12,300 16*2 F e b 24 3 1 78 N o v i 4
4
20,760 31 F e b 29 5 6 3 N o v i 7
300 10 *2 Jan 1 1 1930 A p r 12
45*2 A p r 7 52 A p r 12
400 26 M a r ll 43*4 D ec 1
200 85 J ’n e l7 L05 O ct 18
§24 5 N ov 1 §280 N o v lb
100 46 M ay 17 62*2 N o v l2
4
89,400 101 F e b 23 14 8 3 D ec 3
4
8,100 1393 M a r l 2 169 *2 N o v lb
25,500 72*4 M a rl4 9 6 *2 A u g 11
49,650 10434 M a r l 4 1303s O ct 21
5 A p r 23 2 3 ^ N ov 22
51,350
§119*2 F eb 1 160 N ov 19
40 J ’ne _ 6734 Jan 18
2,200
100 80 J ’ly 29 96*2 Sep 16
4,425 55 Jan 4 95 O ct 29
400 116 M ay 2 150 O ct 29
18,500 14 s8 F eb 24 3 6 38 N o v l l
19,800 32 *4 J ’ne 1 65 *4 D ec 6
131,035 87 F e b 27 111 *2 D eo 1
300 101*2 F eb 2 4 147 58 D eo 2
4
2,500 3 4 3 F eb 25 45*8 Nov21
500 15 7s F e b 25 25*8 N ov21
42,100 1 1 2 78 M ar 12 142 N o v 30
1,900 25 M ay 16 47 D eo 3
1 0 1 L M a y l2 115 N o v l l
500 60 J ’n e l4 78 D eo 3
651 §185*4 M ay 19 199 O ct 21
18,420 DJ3^ M ar 14 47 7s O ct 26
93,400 53 *2 M ar 12 79 D ec 14
400 88 M ay 6 94 N o v l4
740 51 F e b 24 80 *2 N ov 3
95 J ’ly 26 101 Sep 28
125 61*4 Ja n 12 8 4 \ N o v 2
331,260 111*2 M a r l2 140 D eo 5
100 17 M a r l 6 32*2 D eo 1
74*8 J ’ne 9 813a Jan 23
§68 May31 79 *2 N ov 10
1,650 55 A p r 20 80 D eo 6
100 90 A p r i l 107 D eo
4
514,220 383 M a r l4 82«e D eo
1,000 76 M ar 1 91 D ec
800 55*4 F eb 2 6 833s D eo
177,95<> 19 *8 M a r ll 3 7 34 N o v i 6
8,400 5 7 34 Jan 6 863s N ov28
30 A p r 22 70 D e c 3
9 M arlO 18 N o v l 6
35 M ay 17 60 N o t 15
16 Jan S 30 N ov 16
§61 M ar 1 78*4 D eo 6
4
4,950 3 9 * Jan 6 70 N o v l4
300 150 Jan 9 185 D eo F
R a n g e fo r P r e v io u s
Y e a r (1 9 0 3 )
L ow est
H ig h e st
25 D ec
54*2 D ec
54 A ng
41 Jan
69 Jan
8 9 7s Jan
106 D ec
7 1 58 Sep
823 J ’ly
4
29*2 Sep
121 N ov
140 Sep
126 May
104 Jan
963 F eb
4
71 *s F eb
150 F eb
160 F eb
115 5g O ct
57 *2 Sep
153 Oct
27 *4 N ov
18*2 Sep
60 Sep
105 J ’ly
13 A ug
83 *2 Sep
63 O ct
24 Sep
133*4 A u g
168 A u g
153 Sep
190 A u g
117 J ’ly
§165 N ov
8 Aug
15 Sep
3 May
30 May
66 A ug
112 D ec
10 J ’ly
44*2 A ug
17 A ng
149 A ug
230 J ’ly
18 O ct
62 N ov
12 Sep
7 34 A n g
14 N ov
55 O ct
7 A ng
10 N ov
23 A ng
62*8 A p r
44 J ’ly
39*2 J ’ly
78 A ug
160 O ct
73 D ec
13 8 34 Feb
78*2 Jan
190 Jan
53*2 Jan
37*4 Jan
75*2 D ec
138*4 Jan
29 s8 Jan
90 7e Jan
85*2 Jan
4 6 7s F eb
183*4 Jan
194*4 Jan
224*2 Jan
250 Jan
162 Jan
194 Jan
19 7 Jan
s
36 Jan
17*2 Jan
5034 Jan
993s Jan
119 Jan
31*2 Jan
72 Jan
48 Jan
183*2 F eb
276*2 Jan
43 F eb
90 *2 F eb
47*4 Jan
2 0 3s Jan
3 9 3 Jan
4
90 Jan
19*2 F eb
2 9 ^ F eb
42*8 Jan
74 F eb
64 78 F eb
72*2 Jan
91 Jan
209 Jan
85 Jan
27*2 Jan
106*2 Feb
99*4 M ar
151 Jan
48 Jan
7 7 ^ Jan
47*2 Jan
8 2 3 F eb
4
36*4 Jan
61*4 Jan
40 M ar
§55 A p r
53 J an
118 F eb
334*2 Jan
83 Jan
130*2 Jan
155*2 Jan
1287s Jan
1427s Jan
29 Mar
135 Jan
110 Jan
118- F eb
79*2 F eb
132*4 F eb
30*8 Jan
63*2 F eb
1 1 6 78 Feb
133*2 D ec
843s Aug 103*2 Jan
10
Aug
63 Sep
77 O ct
125*8 J ’ly
16 J ’ly
30*2 O ct
25*4 Oct
62*4 O ct
16*2 O ct
29 O ct
10 O ct
48 J ’ly
23*2 N ov
89 N ov
275 D ec
49 D ec
95 Sep
126*4 Sep
70*2 J ’ly
99 7s Sep
8*2 N ov
102 May
41 O ct
83 N ov
42 A u g
109*2 J ’ne
15*2 O ct
33 O ct
853 Aug
4
85 O ct
34*2 Mar
17 N ov
1 1 2 s8 J ’ly
19*2 Sep
100 O ct
50 Sep
U87 *2 May
19 Sep
5 3 3 N ov
4
85 A ug
393 Sep
4
80 J ’ly
50*4 A ug
1 1 0 3 N ov
4
15 J ’ly
74 J ’ly
§74 D ec
55 Sep
90 O ct
37*2 N ov
73 Sep
5 5 3 N ov
4
19 *2 Aug
5 5 34 Sep
30 A u g
7 Oct
32 Oot
13 O ct
68 A u g
39 D ec
148 *2 Sep
47*8 M ay
28*5 J ’ne
156 Jan
45 Jan
118 Jan
87 Jan
225*4 Jan
35*4 F eb
76*4 F eb
93 *2 F eb
72 Jan
100 F eb
76 Jan
157*8 dan
39 Jan
91*2 May
§76 Sep
94 Jan
115 Jan
69*4 Jan
8 9 76 F eb
81 Jan
5 3 *8 Jan
86 Jan
72 Jan
15*4 Jan
53
Jan
2 4 7e Jan
88 Feb
78 F eb
170 J ’ly
B A N K S AND TR UST COMPANIES— BROKERS’ QUOTATIONS
x. B a n k s
B id
A sk
■!^NEW YORK
510
272*2
775
325
165
180
650
330
! ChelseaExon 175
C h e m ica l___ 4275
'C itizen s’ Ctrl 165
•Am erica^ . . .
1A m e r E x e h ..
iA s t o r . . .
B ow ery^ —
B a tc h ’ s & D r
'C en tu ry ]]___
Chase . .........
C h a th a m ___
530
280
825
340
4325
175
H anks
C i t y ...............
Coal cfe Ir o n .
Colonial ]j . . .
C olum bian ..
C o m m e rce ...
Consolidated
C’ rn E xch ge];
D iscounter**East R iv e r ..
Fidelityn . . . .
F ifth A v e ]]..
F ifth ...............
F ir s t...............
B id
A sk
305 308
195 205
450
400
1240 1242
152*2 157*2
395 402
150 160
157*2 165
180 200
3450 3750
300
725
H onks
B id
14th Streetn. 300
F o u r t h ___
225
G a lla tin ........ 410
G ansevoortn 140
G a r fie ld ___ _ 500
G erm an Am ][ 170
G erm an Ex]) 350
Germania]| .. 590
G reen w ich n 225
H am ilton]] .. 170
H a n o v e r........ 535
Im p < T rad. 600
fc
I r v in g ......... 225
A sk
223 *2
420
175
380
620
245
545
015
235
H anks
J e ffe r so n ][...
L ib erty . . . . .
L in c o ln .........
M aiden Lane
M anhattan]].
M arket <fcFul
M ech an ics’ .
M ech
Trail
M e rc a n tile . .
M erch E xoli.
M erch a n ts’ ..
M e t r o p ])___
M t M orris]]..
H anks
M utual])........
Nassau]] ___
N e w A m ster
N ew Y ork Co
105
318 326 N Y N a t E x .
N e w Y o r k ..
204 268
282*2 292*2 19 th W a r dn.
N orth A m er.
140
255 265 N o r th e rn ___
165 176 O riental])___
180 190 P a c ific ]]........
425 440 P a r k ...............
216
226 P eop le's]!----B id
A sk
145
515 530
1160
B id
A sk
290 315
190 200
500
1300
200
335
325
150
t223*b
120
235
255 265
>40
530
285 300
H anks
P h e n l x .........
P la za]]...........
P rod E x c h n .
R iv e r s id e ])..
Seaboard ___
S econ d .........
Shoo tfc L eth .
S ta te ]]...........
34th S t r e e t..
B id
130
500
175
250
625
600
152*2
10 0 0
190
12 th Wardn. 120
23d Wardn.. 125
A sk
135
185
280
700 .
160*
j
.......
,200
| .................
.........
U n ion Exoh]] 192*2 197 4
U n ite d ........... 93 ! 96
* B id and asked prices; n o sales w ere m ade on tins day. § L ess tnau l o o snares. X Ex rig h ts, jj State banks, a Ex div id en d an d righ ts.
\1 Sale at S tock E x ch a n ge or at au ction th is w eek. 9 T ru s t Oo. certificates.
h A s se s sm e n t paid.
n Sold at p riv a te sale at th is prioe.
b
N e w stock .
>682
Stock Record— Concluded— Page 2
S T O C K S --H IG H E S T A N D L O W E S T S A L E D E IC E S
S atu rd ay
Dec. 10
264 264
57 4 G8%
04
64 4
118% 118%
35 4 3 5 4
96
36
M onday
Deo. IS?
254
56 4
63 4
11 8 4
35 4
95 4
100
35 4
] 30 4
23
364
544
1034
35% 36
130 131
23 4 2 3 4
3 6 4 374
55
55
105 1 0 5 4
244
54 4
60 4
1174
834
95 4
*96
334
130 4
28
34%
62 4
103 4
i i o 7 iii* v
e
9 5 4 854
23
23 4
68
68
22
224
444 454
19
194
47
47
2 7 % 27%
22
224
4 5 3 46%
4
1064 1104
95
95
22
22
6 6 4 68
21
224
4 1 4 43 4
18 4 18 4
46
46
26 4 28
22
21
45
454
*240 250
►240 250
18
184
164 174
*60
68
*65
70
63% 71%
6 1 4 69 4
324
31
82% 32%
90
924
9 2 % 93
34 4 3 6 4
3 6 4 37 4
*94
97
*93
97
37 4 3 7 4
3 8 4 3 S 7e
210 210
►210 213
12
134
1 2 4 14
9 4 10 4
1 0 4 11
45-4 4 6 4
4 1 4 44 4
84
74
84
84
37 78 3 8 4
3 8 % 39%
164
*16 4 18% $16
37
$37
*37
41
3 0 4 32
33% 34%
1 0 0 4 103
► 1034104
84
74
74
84
27
284
2 6 4 29
77
804
80% 81%
112 1 1 2 4 1 1 1 4 1 1 2 4
160 160
►150 160
904 904
1 3 4 14
13% 14
50 4 52
5 2 4 53
138 .1424
142
144
139 139
137 137
*146 148
►143 146
92
90
9 1 4 92 4
22
22
2 0 4 22
94
94
$944 944
104 1 6 7 4 102 1 0 8 4
214 214
*212 220
104 104
10% 10%
*60
63
*60
63
42
474
48
494
90
90
*90 .........
164 184
184 184
209 209 4 202 2U7
128% 128% * 1 2 8 4 130
224 224
20 4 22 4
80
80
784 784
37
39
3 8 4 39
66
67
79
78
79
80
189 4
1 8 8 4 189 4 183
23
25
23% 25
784 794
7 9 4 7 9 7e
*62 4 64 4
40
4 0 4 *404 404
*85
88
86
86
564 564
5 6 4 56%
*11441164
22 4 2 2 4
2 3 % 24
96% 9 6 4
|97
97
*150 157
*150 158
97 1 0 1 4
101 102
41
44
44% 44%
1 0 7 % 1 0 8 % 1 0 4 4 107 4
37
384
3 8 % 38%
89
88
90
90
$240 240
{2 3 7 237
32
32 4
3 0 4 32
904 014
91
914
154 164
1 6 4 164
66
6 8 4 69
69 4
25 4 28
274 284
92
924
954 954
60
61
60
61
102 102
*102 106
*34
44
*34
44
71
73
65 78 7 1 4
344 344
*37
39
10
114
114 114
74
74 ’
18
19
19
19
7 5 4 79 4
79 4 79 4
$120 120
*119
125
15 4 1 8 4
1 8 4 204
99
1024
10241034
80
80
784 8 0 4
30 4 32-4
3 2 4 33
91
93
93 4
92 4
2 6 4 30 4
2 9 4 3(J78
9 0 78 92 4
87 4 9 1 4
39 4 41
4 1 4 42 4
$114% 114% 1 1 1 4 1 1 2
39
39
36 4 37
......... *240 249
*210
92
* 9 2 4 93
924
177 1 8 1 4
1 8 1 4 182
190 192
*190 ^,96
Tuesda y
Deo. 13
W ednesday
Dec. 14
T hursday
Dec. 15
I'rid a y
Deo. 16
STOCKS
N E W Y O R K STOCK
EXCHANGE
VOL. LX XI X .
Range fo r Year 1004
Range tor B rectou i
Sates 0
)
On basis 0 100-share lots !
/
Y e a r (1 0 0 3 )
th 6
Week
Shares
Lowest
H ighest
Lowest
H ighest
25
25 3„ SL Ivoms S ou th w e s te r n ..
24
244
5.100
9 4 J ’ n e 1 29 D e c 5 12 A u g 30 J an
23 4 2 4 4
24 4 2 5 4
55 % 57 %
5 5% 55%
D o p r o f.......................... 12,500 2 5 % J ’ ne 1 60% D ec O 24 A u g 66 Jan
j
53 4 5 5 4
5 4 4 564
60% 61%
0 1% 02 % S ou th ern P a c ific CX/......... 221,010 4 1 4 M a r l! 68a4 N o v i 5 38% Sep 68% M ar
59 4 6 1 4
GO4 0 2 4
1174118
Do p r e f........................... 15,683 11 3 Sep 12 118 % N ov 15
117 4 1 1 7 4
1 1 7 4 118 4 1 1 8 4 H 8 %
3 1% 35 4 S o u th e rriv .tr. cfs. strnped 94,700 18% F e b 24 37 4 D ec 5 16 4 O ct 36% Jan
3 2 4 34 4
3 3 4 314
3 3 4 3 4%
9 4 4 95
953 964
4
96
96 4
6,200 7 7 % J a n 6 9 7 4 D ec 5 69 4 O ct 96 F e b
9 4 4 96
I)o p ref.
do
*9 6 4 100
*97% 100
•97 100
*97 4 1 0 0
90 F e b 25 97 N o v i ]
M . < O. s to c k tr. c tfs . . .
fc
85 J ’ ne 9 6 4 Afar
3 2 4 34
33 4 3 4 4
83 4 34 4
fc
3 1 4 3 4 4 'B 'e x a s < P a c ific ............... 24,500 20% J ’ ne 7 38 % N o v l4
20% A u g 43% F e b
*131
133
200 115 M a rl 4 134 O ct 22: 100 O ct 128% Jan
A h ird A v e n u e (N . Y . ) . ..
130 4 130 4 * 1 3 0 4 1 3 1 4 *131 133
* 2 2 4 24
600 1 7 4 J ’ ne21 27 4 O ct 2 1: 17% O ct
37% Jau
* 2 2 4 23 4 *22% 23 4 * 2 2 4 2 3 4 T o le d o R a ilw a y s <fc L ig h t
3 5% 3 6 30 T oL St. L. & W . v. tr. c tfs
344 314
3,555 2 1 4 M ay27 38 Nov3(j| 15 Sep 31% J a n
35-4 36 4
354 354
52 4 6 4 34
49
51
5,110 32
D o p ref. v o t. tr. c tfs .
F e b 24 57% N ov 3 0 24 Sep 48 Jan
604 514
5 1 4 514
$105
105% T w in C ity R a p id T r a n s it.
105 105
104 104
104 104
1,681 8 7 4 F eb 23 xlW H O ct 3 i 79 O ct 122% Jau
D o p re f
158 A u g 11 $165 N o v 4
$159% Dt-c
104 4 1 0 8 3 i ’0’ 0 4 1 0 8 4 1 0 7 4 1 0 8 4 1 0 8 4 110% I [n io n P a c ific .................... 526,550 71 M a r l 4 117 N ov21
4
05% A u g 104% J an
94% 94% *4 D o p r e f..........................
95
95
95
95
1,950 z8 6 4 F e b 25 96 D e c 9 8 3 4 A u g 95% F e b
9 4 4 95
23
23
*22
23 4 *22
234
2 1 4 2 1 4 (J n i t R y s i n v ’ t o f S a n F ra n
9 F eb 17 25 D eo 1
500
9 D e c 22% J an
67
07 34
6 7% 68
60% 67
2,800 42 4 A p r 19 69 D e c 2 35 J ’ ly 64 4 Jan
67
67 4
D o p r e f ..........................
2 0 4 2 1 34
204 214
2 1 4 22
4
21
214
\\7 a b a s h ..............................
8,100 15 M ay 16 25 N o v 12 16% O ct 3 2 3 F eb
4 1 34 4 3 4
40 4 43
9,750 32% F e b 24 48 % N ov 181 27 4 Sep 55% F e b
42
424
4 2 4 4 3 4 * v D o p r e f........................
19% W h e e lin g & L a k e E r i e .. .
1,030 14% J ’ l y ‘25 22% N o v 14' 12 J ’ ly 2 7 4 F e b
1 84 184
184 134
1 8 4 1 8 4 *18
*45
18
46
46
*45
48
45
454
1,020 37 J ’ ly 27 52% J an 22 40% N ov 62 M ay
D o 1 st p r e f...................
28
2,100 21% J ’ ne29 32 N o v l 5
26
26 4 *25
26
26 4 *25 4 28
D o 2d p r e f ...................
20 Sep 3 8 4 F e b
203 2 1 4
4
4,860 16 J ’ n e 6 25 N o v 18 14 4 O ct 29% F eb
2 1 4 2 1 4 W isc o n sin C ent. v. tr. cfs.
2 0 4 2 1 34
214 214
44
444
44
45
44
44 4
44
45 4
4,048 37 J ’ ne 6 49% N o v lS
D o p r e f. v o t. tr. c tfs .
33 N o v 55 4 F e b
I n d u s t r ia l
.U is c e ll
*236 250
*236 250
*236 250
*236 250
$220 F e b 2 250 O ct 29 $204 Jan 235 F e b
4 dam s E x p r e s s ________
16
16
1,800
16
16
16
1 6 4 A llis -C lia lm e r s ...............
6 M ar22 21% N ov 2 1
1 7 4 174
7 D e c 23 F e b
*6 0
70
1,100 39 4 M ar25 71 N o v 2 6 $60% N o v 8 7 4 F e b
59
61
61
63
*60
70
Do
p r e f ........................
4
6 5 4 68% A m a lg a m a te d Co pp e r ....... 740,140 43% F e b 8 8 2 3 D e c ]
63
664
63% 66
33% O ct 75=8 M ur
614 664
4
3 0 34 3 1 4
29
314
30 4 30%
3 1 4 33
A m e r ic a n Car
I ’o u n d ry 15,360 1 1 3 J ’ ly 1 34% D e c 5 17% N ov 4 1 34 J an
91
9 2 34
3,815 67 J a n 6 93 4 N ov 2 9
9 0 4 91
9 0 4 91
D o p r e f ..........................
60 4 N ov 93 " J a n
8 9 4 904
35
35% A m e r ic a n C o tto n O il........
4,800 24% J ’ n e l4 37% D e c 6 25% A u g 46% F e b
35
35
35
35 4
3 5 4 36
*93
97
*93
95
88% J ’ n e 6 97 N o v 7- 82 J ’ ly 98 F e b
*93
97
*93
97
D o pref
39
39
"3 3
36
*35
39
800 22 A u g 17 39 D e c 16 24 N ov 4 1 4 J a n
34
36
A m e r ic a n D is t.T e le g r a p h
*207 210 A m e r ic a n E x p r e s s .............
350 13U J ’ n e 2 219 N ov 2 2 171 A u g 235 F eb
208 208
205
$210 *205 210
5 A u g 3 14 D e c 12
1 1 4 13
1 1 4 1 1 4 A m e r ic a n G ra ss T w in e .. 15,000
1 14 124
1 1 4 114
6 J ’ ly 293s J a n
104 104
1 0 4 10% A m er H id e & L e a th e r ___
6,100
2% Jan 5 11% D eo 6
9 4 104
104 104
2% O ct 1 1 4 J an
4 2 4 45
44
45
4
43 4 44
404 424
D e p r e f .......................... 10,995 l l % J a n 5 4 8 3 D eo 6 10 O ct 37% J a n
9 y4 N ov 21
8
8% A m e r ic a n I c e ......................
7,835
8
84
6% M ar24
7%
84
8
84
4 O ct 1 1 34 J a n
7,250 24% M ar24 42 O ct 17 1 6 4 O ct 4 2 % J a n
39
39%
3 8 4 39
D o p r e f..........................
3 7 4 39
3 8 4 38 4
135
7 J ’ n e 2 20% N o v 16
A m e rica n L m s e e d .............
5 J ’ ly 19 34 J a n
* 1 5 4 1 8 4 * 1 5 4 1 8 4 $ 1 5 4 1 5 4 * 1 5 4 18
*37
41
*37
41
35 2 2 4 J ’ ne 1 42 4 N o v i 6 2 3 4 N o v 4 8 4 J a n
*37
41
*37
41
D o p r e f..........................
30
314
31
32
31
314
3 1 4 3 2 4 A m e r ic a n L o c o m o t i v e ... 20,770 16% J a n 6 36% N ov 2 8 10 4 O ct 31% F e b
2,100 75 4 J an 6 105 N o v 2 6
4
D o p r e f ..........................
67 4 O ct 9 5 3 F e b
1 0 0 4 1 0 1 4 1 0 0 4 1 0 1 4 1 0 1 4 10134 102 1 0 2 4
9 D e c 14
8
8% A m e r ic a n M a lt in g ............. 43,050
2 4 J ’ n e l6
7%
8%
2 4 M ar
5 4 F eb
84
9
74
84
27
27%
274 284
27
274
D o p r e f .......................... 21,100 16 J ’ n e 3 29 D e c 12 14 4 Sep 2 4 4 J a n
264 274
7 8 4 8 0 4 A m e r. S m e lt’ g & R e fin ’ g . 44,300 46 F e b 25 82 4 D e c 3 3 6 3 O ct 52% F e b
7734 7 8 4
4
78
784
7 5 4 79
112 112% *111 113
1124113
5,500 8 8 34 Jan 6 115 O ct 24 8 0 % O ct 9 9 4 F e b
1114112
D o p r e f ..........................
100 110 Jan 21 170 N o v iO
*1624170
*1 6 5 170 A m e r ic a n S n u ff...................
*165 170
90 A u g 126 M ar
140 85 J a n 6 99% N o v 3 0 80 Sep 98% J a n
*96 100
*96 100
D o p r e f..........................
$10041004 *924100
12»4 1 3 4 * 1 2 4 1 3 4
2,872
1 3 4 1 3 4 A m e r ic a n S te e l F o tm d r ’ s.
3 4 J ’ ne30 15% D eo 2
3 4 D e c 20 ~ J an
134 134
2,200 26 J ’l y 7 57% D e c 2 36 D e c 6 9 4 F e b
52
52
*49
52
52
524
D o p r e f..........................
50
504
1 3 6 4 1 3 9 4 1 3 8 4 1 4 1 4 1 3 8 4 1 3 9 4 139% 141% A m e r ic a n S u g a r R e fin in g 80 ,7 0 0 122% M a r 7 153 N o v i 7 107% O ct 134% J a n
200 123 J a n 4 141 N o v lS 116 A u g 123 D eo
D o p ref .
*143 146
*143 146
*143 146 A m e r. T e le p h . & T e l e g . ..
121
F eb 16 1 4 9 ^ K -o v 2 9 117% O ct 169 F eb
*143 146
91
914
92
9 3 4 A m e r .T o b a o .(n e w ),p f. ctfs 21,030 85% N o v 3 96 D e c 2
9 0 4 91
884 904
20
2 0% $20% 20%
4,300 10 J a n 4 25 N o v 2 1
2 0 % 2 0 4 A m e r ic a n W o o le ii ^ ..........
20
204
7 4 O ct 1 4 % F eb
92
92
601 69 J an 25 94 N o v 2 8
91
92
934
*88
9 2 4 *88
D o p r e f..........................
65 O ct 80 J a n
4,300 61 F e b 20 120% N ov 2 1
100 103
98 103
100 1 0 2 4 103 103
A n a c o n d a C o p p e r ...............
58 O ct 1 2 5 4 F eb
212 212
*210 215
200 185 M a r l6 2 ,9 4 O ct 19 170 Sep 225 J a n
*208 215
*210 215
B r o o k l y n U n io n G a s ___
1 1 4 12
5 J ’ly 18 12 4 D e c 13
7,625
12
124
1 5 4 Jan
-O r n n s w . D o c k & C. I m p ’ t
5 O ct
104 124
1 1 4 11%
*60
63 B u tte r ic k C o __
*60
63
*60
63
A n g 55 J a n
*6 0
63
4 7 % F e b 19 6234 D e c 5 40
4 3% 4 5 4 / Colorado F u e l & I r o n . . . 92,195 25 % M a r l2 5 8 % N ov 2 S 24 N ov 8 2 4 J a n
43
45 4
404 444
424 444
......... *85 .......... *85
.........
100 63 A p r 5 95 D e c 5 65 D e c 122 J a n
*85 ......... *85
D o p r e f__
3,100
17
8 J ’ ne28 19 4 D e c 5
9 4 N o v 22 4 F eb
1 7 4 *16
1 7 4 1 7 4 CoL & H o c k . C oal & Ir o n .
1 6 4 1 6 4 *1 6
201 2 0 4 3 200 4 2 0 2 4 2 0 1 % 203 C o n so lid a te d G as (N . Y .). 26,000 185 F e b 8 220 O ct 19 164 A u g 222 J an
4
200 204
6,800 1 0 1 4 J a n 4 131 D e c 1 94% A ug 119 J an
1 2 7 4 1 2 7 4 127 4 1 2 7 4 C o n tin e n ta l T o b a c c o , p r e f
1 2 7 4 1 2 7 4 12734 128
9 3 M ay 9 26% N o v l 8
4
20 4 21
20 4 2 1 4
C orn P r o d u c t s ..................... 15,330
15 4 N ov 35 M ar
194 204
2 0 4 20 4
79
79
78
79
78 4. 7 8 3 * 7 7 4 79
4
1,725 65 M a r 9 8 2 % N o v l 5
D o p r e f..........................
60 N ov 85 4 J an
37
3 7 3 D is tille r s S e c u r it’ s C orp. 13,87 y. 19 4 J ’ n e 9 40 D e c 5 20 J ’ly 3 4 3 J a n
4
4
363 374
4
36% 37
36
374
*6 0
63
60% 60%
600 43 4 N o y 10 68 D e c 3
66
66
6 1 4 62 F e d e ra l M in in g & S m e lt’ g
2,000 71 N ov 2 3 90 N o v lO
76
78
76
7 6 4 *76
7S "
D o p r e f .........................
754 7 74
1 8 4 4 G en era l E le c t r i c ................. 10,305 cl51 J ’ n e20 1 9 4 4 N c v 2 2 136 Sep 204 F e b
184 1 8 5 4 184 18 4 % # 1 8 3
1814185
24
2 4 4 I n te rn a tio n a l P a p e r ........ 77,600 10% M ay2 6 25% D e c 13
24 4 25%
234 244
9 J ’ly 19% J an
234 254
77
77% 1 D o p r e f..........................
6,483 64% F e b 9 79% D e c 10 57 4 N o v 74% F e b
7 8 4 79
$ 7 6 4 76 4
7 8 4 79 4
900 26 M a r 1 7 0 4 O ct 17 23 N ov 73 J a n
6 1 4 62 4 In te r n a tio n a l P o w e r ........
6 1 4 62 4
604 604
614 614
4 0 3 *40
4
*4 0
4 0 4 *4 0
*4 0
41
500 28 S ep 2 41% N o v lS
41
In te r n a t’ l S team P u m p ..
28 D e c 4 6 % M ay
85
85
85
85
85
85
600 7 1 4 F e b 9 87 NovoU
*84
86
D o p r e f ..........................
70 O ct 8 9 4 J a n
4,200 36 J a n 4 59 4 N o v l o
32 O ct 4 7 % F e b
55
554
56
574
5 6 % 57
5 6 4 5 6 4 V T a tio n a l B is c u it .............
$ 1 1 6 4 1 1 6 4 $ 1 1 4 78 114% *115 1 1 6 4 *115
60 100% J a n 16 117 N o v 2 6 94 O ct 106% May
1 1 6 4 1 1 D o p r e f. .
2 2 y 2 2 34
4
23
23 4 N a tio n a l L e a d ......................
22 “ 23 ‘
4,100 14% F e b 25 26% O ct 3 1 0 4 N o v 29 4 F e b
22% 2 2 4
100 8 0 % J an 26 98 O ct 20 75 O ct
* 9 6 4 98
* 9 6 4 98
95 F e b
* 9 6 4 98
* 9 6 4 98
D o p r e f..........................
1,900 120 F e b 25 164 Nov2^> 105 O ct 177 J a n
157 4 1 5 7 4 N e w Y o r k A ir B r a k e ........
150 1 5 2 4 153 1 5 6 4 *150 153
100 101
99 1 0 0 4 100 100
5,320 80 M ar 12 107 N o y 16 68 Sep 1 2 4 4 J an
N o rth A m e r ic a n C o., n ew
98 1 0 0 4
8,550 24 F e b 27 55 N o v l l
40
424
41
424
4 0 4 42
42 4 45
O a c it ic M a il........................
17 A u g 42 34 J a n
4
103 4 1 0 5 4 1 0 4 4 1 0 6 3 104% 10 5 % 106 106% -£ eop. Gas-L.<fe C. (C h ic.) 4 3 ,7 o5 92% M ar 12 112 4 D e c 2 8 7 34 Sep 108% F e b
4,400 24 % M ay 16 44% O ct 17 22 4 N o v 653 J a n
4
37 4 38%
38
39
P re sse d S te e l C a r ...............
36
374
374 374
89 3 90
4
2,725 67 M a y l6 92 D e c 5 62 4 N o v 95 F e b
D o p r e f..........................
8 8 % 89 4
874 874
884 884
23434 235
4
*233 236
571 209 M a r l4 244 N ov 3 0 196 J ’ly 2 3 5 3 J an
P u llm a n C o m p a n y .............
2 3 1 4 2 3 1 4 235 235
3 0% 3 1%
303 3 1 4
4
7,400 16 M ay 18 35 N o v 17 16 Sep 37 F e b
3 1 4 32 % f ) ail w a y S te e l S p r in g ...
29 4 3 1 4
90
91
1,800 71% M a r 16 94 D e c 5 67 N o v 90 F e b
p r e f .........................
914 l i D o
* 9 0 4 9 1 4 *90
89 4 90 4
14 % 15%
9,500
6 M ay 16 18% N ov2S
5% N o v 22% F e b
1 5 4 15% R e p u b lic I r o n <fc S t e e l . . .
144 154
1 44 154
66 4 6 7 y4
68
68
D o p r e f ..........................
6,200 37 M ay 13 73 4 N ov2S 36% N o v 80% F e b
66 4 6 7 4
6 5 4 67
26 4 27
R u b b e r G ood s M f g ............. 13,U00 14% A p r 15 29% D e c 6 12 J ’ly 30 F e b
2 6 4 274
2 5 4 26
25 4 26 4
4
D ec 2 60 J ’ly 8 4 4 F e b
. 93
93
*9 1
95
94
94
D o p r e f ..........................
700 7 4 3 J a n 15 98
9 4 4 95
5 9 3 60
4
60
60 3 Q loss-S h efiield St. & Ir o n
4
22% O ct 72 F e b
1,700 3 1 4 J a n 7 65% N o v l l
*59
594
584 594
* ..........1U6
102 102
102 102
*100 107
O D o p r e f .......................
400 77 J an 5 105 D e c 3 67 N ov 97 4 F e b
34 M a r 4
6 4 F eb
5 N o v lS
% Sep
168
34
34
*3 4
34
§34
3 4 Stan dard R o p e & T w i n e ..
*34
4
67
693
4
25% N o v 68% M ar
63
67 4
69
7 1 4 T e n n . C oal, I r o n & R R . . . 5 1 ,7 0 0 31% M a y l6 77 4 N o v i ?
6 7 4 684
4
*33
39
*34
39
*36
37
600 25 M ayiO 39 4 N o v 10 22 A u g 4 0 3 J a n
38
3 8 4 T e x a s P a c ific L a n d T r u s t
I Tn io n B a g <> P a p e r
£
1,600
3% A u g l9 13 % N o v 2 2
4 4 J ’ ly 15 J a n
11
11
10
104
5?34 D e c 7 9 34 J a n
150 45 ~ F e b 24 75 % N o v 2 o
U D o p r e f..........T............
6 Sep 15 F e b
1,950
6% M a y l6 20 4 D e c 3
1 8 4 19
17 4 17 4
1 8 4 1 8 4 U . S. C a st 1. P ip e <fc F o u n .
D o p r e f .......................... 10,125 40 M a r 2 4 80% D e c 3 33 N ov 55 F e b
7 8 4 7934
78
78%
7 7 4 78 %
7 5 4 774
120 120
*1 1 7 125
*115 125
121 100 F e b 24 $128 N o v lS
95 A u g 150% F e b
U n ited S ta tes E x p r e s s ...
*115 125
1 5 3 17%
4
6 Sep 15 % F e b
16% 1 7 4 U n ited S ta tes L e a th e r ___ 154,970
6 4 M ay2 7 20% D e o 9
1 6 4 173e
15 4 1 7 4
D o p r e f.......................... 52,588 75% J an 4 106 4 L e e 5 7 1 4 O ct 9 6 34 M ay
99 1 0 1 4 1 0 0 % 1 0 3 4 102 103 4 1 0 2 4 1 0 3 4
79 4 8 0 y4
79
814
81
81
U S R e a lty & I m p r o v e ’ n t
3,800 43 J ’ly 13 8 4 4 N ov 2 2
77
78 7
g
31
31% *30 4 3 1 4
6,200 1 0 4 F e b 6 3 4 ye N ov^S
31
3 1 4 U n ited S ta tes R u b b e r ___
7 J ’ ly 19 4 F e b
294 314
D o p r e f..........................
92
92 4
91 % 93
4.800 41 J an 4 93 4 D e c 5 30% J ’ly 58 F e b
93 % 93 4
90 4 9 1 4
33 % D eo 5 10 N ov 3 9 % F e b
8% M ay 11'
2 6% 28
28
29% U n ited S ta te s S te e l........... 81 9 ,6 7 0
26% 28 4
25
28 4
D o p r e f .......................... 716,880 51% M ay 13 9 5 % D e c 3 49% N o v 89 34 J a n
8 7% 89 4
8 9 4 91%
87 4 89%
8 4 4 88 4
5,840 22% J ’ ne29 44 % D e c 5 17 4 Sep 66% F e b
39 4 40
40
40 4
40 4 4 0 4
40 4 4 1 4 V irg in ia -C a ro lin a C iie m ..
D o p r e f ..........................
110 111
1,777 97% A p r 16 116 N ov 2 9 80 A u g 1 2 8 4 F e b
*1 1 2 1 1 3 4
* 1 1 0 4 1 1 3 4 *111 113
700 18 % S ep 7 44 N o v 2 9
37
37 % * 34
38 4
37
37 V ir g in ia Ir o n C oa l & 0 . .
17 Sep 39% F e b
36 4 3 6 4
*237 250
*237 249
*237 249
\\J ells, F a r g o & C o ........
$200 J ’n elG 250 A u g 2 3 $191 J ’ly 249 4 F e b
*237 249
92% 9 2 4
9 2% 92 %
93
9 4 4 VV e s t’ n U n io n T e le ’ gp li 10,305 85 M ay 19 94 4 D e c 16 80% Sep 93 J a n
9 1 34 9 2 4
W e s t’ g h ’ s e E l cfeM f g assen
7,321 153 M ay 2 184 4 D e o 1 130 O ct 221 J a n
178 1 7 9 4 178 1 7 8 4 179 180
1774 U 8
1,100 180 A u g l7 1 9 8 4 N o v 2 8 160 Sep 224 J an
D o 1st p r e f ...................
193 193
*190 200
193 193
19341944
BAN KS AN D TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks
B id
A sk
W ash . H ’ h tail 200
W e s t S id e !].. 500
Yorkville^J . . 400
BROOKLYN
B orough^]___
B roa d w a y ]]..
B rook ly n ]! ..
C on ’ y
F ir s t...............
M a n u fa ctrs’ .
120
135
300
140
145
140
380
400
345%
B an k s
B id
A sk
BROOKLYN
M e c h a n ic s ]!. 280
M e r c h a n ts ’ . . 130
Nassau........ 375
N a t C ity ....... 290
N o r th Side]). 225
People's])___ 290
P r o s p e c tP k ]] 1135
17th Ward]|. 150
S p r a g u e ........ 210
S tu y v e s a n t ] 185
U nion])........ 155
W allabout]) . 165
410
310
200
175
—
B id
A sk
T rust C o’s
F a rm L o & T r
N. Y. CITY
F ift h A v e 'Tr
G u a ra n ty T r
B a n k e rs’ T r . 375
G u ard ian T r
B o w l’ gG reen 1224
B ro a d w a y T r. 1 6 2 4 1 6 7 4 K n ic k T b ’ k ’ r
L in c o ln T r ...
C ’ IR ’ t y B A T r 675
M an hattan ..
C en tra l T r ’ st 2200
M e r c a n t ile ..
C ity T r u s t .. . 315
325
C o lo n ia l........ 340
M e r c h a n ts’ ..
M etrop olita n
60
C om m on w ’ tli 55
M orton T ru st
E a ste rn T r ..
M ut. A llia n c e
E m p ir e ......... 220
E q u ita b le T i 685
. . . . . . N Y L ife & T r
B id
1450
525
1600%
175
050
400
475
075
A sk
575
180
500
1010
210
625
800
910
205
1025 1075
B id
N Y Sec<fc T r
N o r th A n ier.
B ea l E s t T r ’ t
S ta n d a rd T r’ t
T it le G u & T r
T r Co o f A m .
u n io n T ru s t
U S M tg & T r
U n it S tates .
V a n N ’ d en T r
W a s h in g to n .
W in d s o r ........
t7 0 0
+275%
325
350
595
510
1425
460
1475
215
415
190
A sk
T rust C o’s
B id
A
sh
9
BROOKLYN
525
1510
225
197
B r o o k ly n T r
F la t b u s h ___
F r a n k l in ___
H a m ilto n ___
K in g s C o ___
L Isl L & T r .
N a s s a u __ . . .
P e o p le ’ s ........
W iliia m s b ’ g .
400
200
325
315
410
290
250
330
230
350
335
240
* B id and a sk e d prices*, n o sa les on th is d ay. $ E ess than 100 sh ares, f E x rig h ts, c E x d iv id e n d a n d r ig h ts .
t S ale at S to ck E x c h a n g e o r at a u c tio n th is w e e k , o E x s to c k d iv id e n d , s T r u s t Co. ce rtific a te s. ]) B a n k s m ark ed w ith a p a ra g ra p h (]]) are S ta te b a n k a
N ew
Y o r k S to c k E x c h a n g e - B o n d R e c o rd , F r i d a y
P rice
F rid a y
P ec 16
F o r e ig n G o v e rn m e n t
F ra n k fo rt-o n -M a in 3 4 s se r 1 ..
t These are price
J a p a n e se G o v t 6s c t fs fu ll p a id
R e p u b o f C u b a 5 s c tfs fu ll paid
U
o l M e x ic o s i g 5 s o i 1899
S t a t e S e c u r it i e s
A la b a m a cla ss A 4 to 5 ----- 1906
C lass B 5 s .............................1906
C lass C 4 s .............................1906
C u r r e n c y fu n d in g 4 s -----1920
D is t o f C olu m b ia 3 ’ 6 5 s ----- 1924
L o u is ia n a n e w co n s o l 4 s .. 1914
S m a ll............................................. N o r th C a rolin a c o n s o l 4 s .1910
6 s ............................................. 1919
S o C arolin a 4 4 s 2 0 -4 0 .........1933
T e u n n e w s e ttle m e n t 3 s . .1 9 1 3
s m a l l ...................- .........................
V ir g in ia fu n d d e b t 2 - 3 s ...l9 9 1
6s d efe rre d B r o w n B r o s c tfs .
R a ilr o a d
labam a C en t See So R y
la b a M id i See A t C oast L in e
A lb a n y So S u s q See D e l < B u d
fe
A lle g h e n y V a lle y 6’e e P e n n H E
A lle g So W e s t See B u ll R So P
A n n A r b o r 1 st g 4 s ..........$ 1 9 9 5
A t c li T So S E e g e n g 4 s . . .1 9 9 5
R e g is te r e d ........................... 1995
A d ju s tm e n t g 4 s ............$ 1 9 9 5
R e g i s t e r e d ....................$ 1 9 9 5
S ta m p ed ......................... $ 1 9 9 5
D e b e n tu r e s 4 s S eries D .1 9 0 6
S eries E ............................1907
S e rie s P ............................ 1908
S e rie s H ........................... 1910
S e n e s 1 ............................. 1911
S eries K ...................
1913
■ E a s t O kla D iv 1 st g 4 s . .1 9 2 8
A t i K n o x So N o r 1 st g 5 s . . 1946
A t la n t ic C oa st 1 st g 4 s .$ 1 9 5 2
C h a rles & S a v 1 st g 7 s .. 1936
S a v F So W 1 st g o ld 6 s .. 1934
1 st g o ld 5 s ....................... 1934
A la M id 1 st g u g o ld 5s 1928
B ru n s So W 1 st g u g 4 s 1938
S il S p O ea So G g u g 4 s 1918
A t la n t ic So D a n v See S o u th R y
A t la n t ic So Y a d k See S ou tli R y
A u s t in So N W See S ou P a cific
a lt So O h io p r io r 1g 3 has. 1925
R e g is te r e d ..................$ 1 9 2 5
G old 4 s ......................... .. .$ 1 9 4 8
R e g i s t e r e d ................... $ 1 9 4 8
C o n v d e b 4 s ........................ 1911
P J u n & M D iv ls t g 3 4 s l9 2 5
P L E & W V a S y s r e f 4 s l9 4 1
S o u th w D iv 1 st g 3 4 s . . . 1925
R e g i s t e r e d ....................$ 1 9 2 5
M o n o n R iv 1 s t g u g 5 s ..1 9 1 9
C en O h io R 1 st c g 4 4 s - - 1 9 3 0
P itts C le v So T o l 1 st g 6s 1922
P itts So W e s t 1 s t g 4 s . ..1 9 1 7
J P M So C o c e r t fs .................
B a t C reek So S See M ic h C ent
B e e ch C re e k See N Y C & H
B e lle v & C ar See Illin o is Cent
B k ly n So M o n ta u k See L o n g I
B ru n s So W e s t See A t l C oa st L
B u ffa lo N Y < E r ie See E r ie
fe
B u ffa lo R So P g en g 5 s . . . 1937
AJ1 So W e s t 1 st g 4 s g u .. l 9 9 8
C l So M ali 1 st g u g 5 s ___ 1943
R o c h So P itt s 1 st g 6 s ...1 9 2 1
C on sol 1 st g 6 s .............. 1922
B u ffa lo So S o u th w e s t See E rie
B uff So S u sq 1 st r e f g 4 s.$1 9 5 1
B u r C edar i t So N o 1 st 5 s . 1906
Con 1 st So c o l tr u s t g 5 s .. 1934
R e g is t e r e d ....................... 1934
C R I F & N W i s t g u 5 s .1921
M So S t L 1 st g u g 7 s ___ 1927
Canada S o u th 1 st 5 s ........ 1908
^2d 5 s .................................... 1913
R e g ist e re d ....................... 1913
C arb So S h a w n See 111 C ent
C a rolin a C en t See S ea b A ir L
C a rth a ge So A d See N Y C So H
C ed R Fa F So N See B O 11 So N
Cen B ra n ch U P 1 s t g 4 s . . . 1948
C en B ra n ch R y See M o P a c
Cen R R So B o f G a c o l g 5s 1937
C e n t o f Ga R R 1 st g 5 s . . # 1 9 4 5
C on sol g o ld 5 s ....................1945
R e g is t e r e d ....................... 1945
1 s t p re f in co m e g 5 s ___ # 1 9 4 5
2d p r e f in c o m e g 5 s ___ # 1 9 4 5
3d p r e f in co m e g 5 s ___ # 1 9 4 5
Q -J
Q -J
Q-F
Q-F
Q-F
Q-F
Q-J
Q-J
Q- F
Q-F
Q-F
M-S
s on
O ct
Sep
Q-J
u
J -J
J -J
J -J
J -J
F -A
J -J
J -J
A -0
J -J
J -J
J -J
J -J
A
B
(
Q-J
A -O
A -O
N ov
N ov
M-N
F -A
F -A
F-A
F -A
F -A
FA
MS
J -D
M -S
J -J
A -0
A -0
M-N
J -J
J -J
J -J
Q-J
A -0
Q-J
M-S
M-N
M-N
J -J
Q-J
F-A
M-S
A -O
J -J
M-S
A-O
J -J
F-A
J -D
J -J
J-D
A -0
A -0
A -O
J-D
J -J
M-S
M-S
J-D
M-N
F -A
M-N
M-N
Oct
O ct
O ct
Range
Since
January 1
A sk Low
W e e k ly a n d Y e a r ly
PAGES
BONDS
N. Y. STO C K E X C H A N G E
W e e k E n d in g D e c 16
P rice
t'rid a y
P ec 16
R ange
Since
J an u a ry 1
Week's
Range or
Last Sale
H igh No Low H igh
?
d a
iU l.SG E I jL A N E O U ^
S tre e t R a ilw a y
B r o o k ly n R a p T r g 5a........1945
1 st r e fu n d c o n v g 4 s ___ 2002
B k C it y 1 st co n 5 s . 1 9 1 6 ,1 9 4 1
B k Q Co So S con g u g 58 .1 9 4 1
B k ly n Un E l 1 st g 4-5S .1950
K in g s C o E l 1st g 4 s ___ 1949
N a ss a u E le c g u g 4 s ___ 1951
C ity So S R y B a lt 1 st g 5 s . 1922
C on n Rytfe L 1 st & r e f g 4 4 s ’ 51
D en C on T r Co 1 st g 5 s . . . 1933
D en T ra m Co co n g 0 s . .1 9 1 0
M e t R y C o 1 st g u g 6 s .. 1911
D e t C it S t R y 1 st co n g 5 s . 1905
G r R a p id s R y 1 st g 5 s .. , a l 916
L o u is R y Co 1st con g o s . . 1930
M e t S t R y gen co l tr g 5 s . 1997
B w a y So 7 th A v 1 st e g 5s 1943
Colcfe 9th A v 1 st g u g 5 s . 1993
FOUR
B id
A sk Low
H igh No Low H ig h
C en tra l o f G a— ( Continued)
93
C iiatt D iv p u r in on g 48.1951 J-D
924 944
9 4 4 N o v '0 4
104 104
104 F e b ’ 04
M a c So N o r D iv 1 st g 5 s. 1946 J-J
1 0 4 4 1 0 4 $ 1 0 5 $ A u g ’ 04
1044107$
1084
102 J ’ n e ’ 99
M id G a So A t l D iv 5 s ___ 1947 J -J
1 0 4 $ 105 4 1 0 4 4 N o v ’ o4 . . . . 104 4 1 0 6 $
1084
1 0 4 4 A u g ’ 04 . . . . 1 0 4 $ 1 0 6 $
110
104 4 1 0 5
M o b ile D iv 1 st g 5 s ........1946 J-J
1 0 7 4 A u g ’ 04
107 4 1 0 7 4
4 1044108
136
106 Sale 1 0 4 4 105
128 1 3 6 4
C ent o f N J g e n T g o ld 5 s . 1987 J -J
1354 D e c ’ 04
1 1 -7 4 1 3 3 4
1 3 3 4 D e c ’ 04
107 j ’ n e ’ 02
R e g is t e r e d ....................7rl9S7 Q* J 1 3 3 38
A m D o c k So Im p g u 5 s ..1 921 J -J 113$
1 0 4 4 ......... L04 4 D e c ’ 04 . . . . i 04 4 i 07 %
1144
1 1 1 4 114=4
1144
1 0 5 $ 1 0 5 $ 106% J ’ l y ’ 04 . . . . 1 0 6 $ 1 0 8 $
108
L e So H u d R g en g u g 5s 1920 J -J
1 0 6 $ 106% 1 0 6 4 D e c ’ 04 . . . . 1 0 4 4 1 0 8
L e h So W ilk s B C oal 5 s . .1 9 1 2 M-N 103 1 0 4 4 103 N o v ’ 04
Lu2 1 0 4 $
100 104
1 3 0 $ 1 3 1 $ 131% S e p ’ 04 . . . 131 % 132%
Con e x t g u a r 4 4 s ----- g l9 1 0 Q-M 1 0 1 $ Sale 1014 1014
131 1 3 1 $ 131 D e c ’ 04 . . . . 130% 134
N Y So L o n g B r g e n g 4 s 1941 M-S 104
109 111
111 O c t ’ 04 — 1 1 0 $ 1 1 1 $ C ent P a c ific See S o P a c ific Co
C has So S a v See A t l C oa st L in e
2 1064109$
C hes So O h io g 6s s e r A . . $ 1 9 0 8 A - 0 1 0 6 $ Sale 1 0 6 4
1064
109 4 1 U ka
t9 3 4
. . . . t 9 5 4 F e b ’ 02
G old 6 s ................................ ®1911 A -0 109 .......... 1 1 1 4 J ’ l y ’ 04
t/ie b a sis 0/ four m arks to 0 ne do lia r .
Sale 118
1 1 8 4 24 1 1 4 $ 1 2 0 4
1 st c o n so l g 5 s ................... 1939 M-N U S
92 % Sale
91$
92% 316 89
113 118
954
R e g is te r e d ....................... 193J M-N 1 1 4 4 ......... 117 4 O ct ’ 04
1 0 2 $ Sale 1 0 2 $ 1 0 2 $ 60 9 8 4 1 0 3 4
G e n e ra l g o ld 482 s .............. 1992 M-S 107 1 0 7 4 107 4
1 0 7 4 26 1 0 0 4 1 0 8 4
*100
......... + 9 7 4 J ’ ly ’ 04
103 A p r ’ 01
R e g is te r e d ....................... 1992 M-S
*9741004
nese a re pr ices 0n the b as is 0/ $5 to £ .
1 L 3 4 ......... 112 M ay’ 03
C ra ig V a lle y 1 st g 5 s ----- 1940 J -J
R So A D iv 1 s t co n g 4 s . .1 9 8 9 J -J 1 0 2 4 Sale 1 0 2 4
1024 4 / 9 9 4 1 0 3
98 .......... 99 D e c ’ 04
102 1 0 2 $
1 0 2 4 ......... 1 0 2 $ D e o ’ 04
2d c o n s o l g 4 s ..................1989 J -J
9 4 $ 99
.......... 1 0 6 4 O ct ’ 02
W a rm S p r V a l 1 s t g 5 s .. 1941 M-S I l l
1 0 2 4 ......... 1 0 9 $ O ct ’ 00
9 5 34 ......... 95 4 S e p ’ 04
1 0 2 ^ M a r ’ 02
G re e n b r ie r R y 1 st g u g 4s ’ 40 M-N
954 954
2 814 854
111 M a r’ 02
844 844 844
C h ic So A lt R R r e f g 3 s . . . 1949 A-O
844
SO 744 82$
82 Sale
120 121
1 1 9 $ O c t ’ 04
B a ilw a y 1 s t lie n 3 4 s . . .1 9 5 0 J -J
82
824
119$ 119$
8 3 4 A p r ’02
105 , ......... 105 4 D e c ’ 04 . . . . 1 0 2 $ 105 4
R e g is te r e d ....................... 1950 J -J
*
F-A 1 0 0 4 ........ 1 0 4 4 A p r ’ 00
109 4 F e b ’ 99
C h ic B So Q—Cli So l a D 5 s 1905
D e n v e r D iv 4 s ....................1922 F-A 1 0 1 4 ......... 1 0 1 4 D e c ’ 04
99 102
i 0 3 4 ......... 1 0 3 $ D e c ’ 04 ___ L0L 1 0 3 $
4 91
1 3 6 4 J ’ l y ’ 01
97
964 974 964
Illin o is D iv 3 4 s ................1949 J -J
97
120 M a r’ 00
90 4 A p r ’ 04
R e g is t e r e d ....................... 1949 J -J
l/V
904 91$
1 9 5 $ 97
9 6 $ .......... 9 6 $
96$
1 0 6 4 ....... 1 0 5 4 A u g ’ 04
L\JO
x 0
.
G old 4 s .............................. 1949 J - J
105 1 v/ 5 $
95 A u g ’ 04 ....
95
95
I o w a D iv s in k fu n d 5 s .. 1919 A -O 1 0 8 4 ........ 1 0 9 4 A p r ’ 04
109$ 1 0 3 $
A -O 1 0 1 4 ....... 102 N o v ’ 04
9 7 $ D e c ’ 04 - •. - 9 1 4 9 7 $
S in k in g fu n d 4 s .............. 1919
9 7 4 .........
10041024
90
9 Sale
N e b r a s k a E x te n s io n 4 s . 1927 M-N 105 4 Sale 1 0 5 4 1 0 5 4
84
9
1034107
64
9
M-N
105 D e c ’ 03
R e g is te r e d ....................... 1927
99%
1 0 0 4 F e b ’ 04
S o u th w e ste rn D iv 4 s ----- 1921 M-S
100 1 0 0 $
J o in t b o n d s See G re a t N orth
M-N 106 ...... 108 O ct ’ 04
D e b e n tu re 5 s ..................... 1913
105 1 0 8 4
H a n So S t J o s c o n s o l 6 s. .1 9 1 1 M-S 113 ....... 1 1 3 4 1 1 3 4 20 1 1 2 4 1 1 5
J -D 105 106 108 N o v ’ 04
105% 1 0 8 4
C h ic So E IB 1 st s f c u r 6 s .1907
29 129
1 st c o n so l g 6 s ....................1934 A -O 132 4 ....... 129 A p r ’ 04
12 1 1 4 4 720
M-N 1184 Sale 118
1 91% 9 9 $
98
99
98
98
G en era l c o n s o l 1 st 5 s ----- 1937
1184
M-N 1 1 7 4 ...... 120 D e c ’ 02
143 9 8% 104
1 0 2 $ Sale 1 0 2 $
lu 2 %
R e g is te r e d ....................... 1937
1 1 9 4 ....... 117 S ep ’ 04
1124117
*101 10 L4 10 L4
1 0 1 4 20 99 1 0 3 $
C h ic cfe In d C R y 1 st 5 s . 1936 J-J
94
9 4 $ 25 8 7 $ 98
9 4 $ Sale
C h ica g o & E r ie See E r ie
....
J -J
1324 ...... 1 3 2 4 N o v ’04
82 4 J a n ’ 04
82 4 82 4 C lu e In So L o u is v r e f 6 s . ..1 9 4 7
1264 132$
9 87 4 9 5 4
1154117 116 4 N o v ’ 04
9 4 $ Sale
94$
94$
R e fu n d in g g o ld 5 s ........... 1947 J -J
1 1 1 4 1164
100 % ......... 99 A u g ’ 04 . . . .
1 1 2 4 ...... 1 1 2 4 D e c ’ 04
L o u is v N A cfe C h 1 st 6 s .1910 J -J
98 100
108
1124
176 184 184 O c t ’ 04
1 0 0 4 ......... 9 9 $ O ct ’ 04 . . . .
9 9 $ 9 9 $ C h ic M il So St P a u l co n 7 s 1905 J -J
169 184
100
.......... 99 4 N ov ’ 04 . . . . 9 8 $ 99 4
1 1 1 4 ...... 111 O c t ’ 04
T e r m in a l g o ld 5 s .............. 1914 J - J
109 111
_
9 8 4 ......... 9 7 4 S e p ’ 04 __
G e n e r a l g 4 s se rie s A ..e l 9 8 9 J - J 1104 112
1114
112
974 974
1074 112
109 4 J ’ n e ’ 04
9 8 4 ......... 98 4 N o v ’ 04 . . . .
R e g is te r e d ..................... <51989
98 4 98 4
1 0 9 4 109 4
97 4 O ct ’ 04
9 7 4 ......... 97 O ct ’ 04
9 6 $ 97
G e n e ra l g 3 *28 se rie s B .e l9 8 9
9 7 4 98$
.... 92$ 99$
1164 .... II 6 4 A p r ’ 03
97 4 98% 99 N o v ’04
C h ic So L S u D iv g 5 s ----- 1921 J
......... 112 4 N o v ’ 04 - - - • 112 1 1 2 4
111
120 D e c ’ 04
115$ 120
L19 4 _
_
C h ic So M o R iv D iv 5 s . . . 1926 J
99$
99% 122 91 100%
109$ 112$
9 9% Sale
*........ 1134 1 1 2 4 S e p ’ 04;
C h ic So P a c D iv 6 s ............1910 J
137 .........
........118$ 1 1 7 4 1 1 7 4
114$117$
C h ic So P W 1 st g 5 s ........ 1921 J
1 2 7 4 ......... 125% N o v ’ 03
109$ 112 4
D a k So G t S o g 5 s .............. 1916 J -J 1134 L154 112 4 N o v ’ 04
1 1 3 % ......... 1 1 2 $ J a n ’ 04 •••• 1 1 2 $ 1 1 2 $
1 3 2 4 .... 137 4 J ’ ly ’ 99
F a r So S ou a ssu g 6 s ........ 1924 J -J
1 1 4 $ O c t ’ 04 . . . . 109 1 1 4 $
113 115
H a s t So D D iv 1 st 7 s . .. .. 1 9 1 0 J -J
1 1 6 78 O ct ’ 04
116$ 1184
97 ......... 93 J ’l y ’ 04 . . . - 93
106 A u g ’ 04
93
1 st 5 s .................................. 1910 J -J
106 106
169 M a r ’ 04
9 7 4 ......... 9 7 $ O ct ’ 04 . . . . 9 7 $ 98
I So D E x t e n 1 st 7 s ..........1908 J -J
169 169
115 4
113 A u g ’ 04
L a C ro sse So D 1 s t 5 s ----- 1919 J -J
1124 113
1 0 7 3e O ct ’ 04
M in e ra l P o in t D iv 5 s ___ 1910 J -J
106 107$
S o M in n D iv 1 s t 6 s ..........1910 J -J 1 1 2 4 .. ..
1124 1124
1104 1 1 2 $
96
96% 21 92% 9 6 $
S e p ’ 04
110 1 1 2 4 I I I
9 6 4 Sale
1 0 9 $ 112
S o u th w e s t D iv 1 st 6 s ----- 1909 J - J
96 N o v ’ 04 . . . .
9 2 $ 96
1 1 6 4 .. .. 1 1 5 4 S ep ’ 04
114 1164
W is So M in n D iv g 5 s ___ 1921 J -J
i ’0 3 s a le 103
103 4 134 1 0 0 $ 1 0 3 $
M il So N o 1 st M L 6 s . . . .1 9 1 0 J -D 1 1 0 4 .. .. 1 1 0 4
1104
1104 112
102 N o v ’ 04 . . . . 100 103
1 1 8 4 O ct ’ 04
1 st c o n s o l 6 s ....................1913 J -D 1154 ....
1144 1184
103 D e c ’ 04 . . . . 97 103
129
129
..........106
127$ 1304
C h ic So N o r t h w co n s 7 s ----- 1915 Q-F 129 ....
89
9 1 $ 9 1 $ D e c ’ 04 . . . .
1 0 2 $ 105
E x te n s io n 4 s ..........1 8 8 6-1926 F -A 10441064 104% J ’ n e ’ 04
8 7 4 92$
99 4 99 92 4 100 4
99
994 99$
1 0 2 $ May*04
R e g is te r e d ............1 8 8 6 -1 926 F -A 102 . . . .
102$ 102$
99
....
93
93 4 116 8 7 $ 94
100 O ct ’ 04
9 3 4 Sale
G e n e ra l g o ld 3 4 s .............. 3-987 M-N
964 1004
.......... 92 $ 9 0 $ J ’ ly *02
103 N o v ’ 98
R e g i s t e r e d ................... # 1 9 8 7 Q -F
1 1 5 4 N o v ’ 04
S in k in g fu n d 6 s . ..1 8 7 9 -1 9 2 9 A -O
1 0 7 4 ......... 105 4 M a r ’ u4 . . . - 105 4 1 0 5 4
1114118
108 4 1 1 L$ 108 S e p ’ 04 . . . . 108 109 4
1 1 5 $ 111 4 D e c ’ 03
R e g is te r e d ........... 1 8 7 9 -1929 A -O
A -O 1104
1 1 9 $ ......... 119 4 M a r’ 04 . . . . 119 4 1 2 2
S in k in g fu n d 5 s . ..1 8 7 9 -1 9 2 9
108$ 1 1 0 4
1104
110$
100 ......... 100 N o v ’ 04 . . . . 9 8 100
107 M a r’ 04
R e g is t e r e d ...........1879-1929 A -O
106 107
M-N 104
100 S ep ’ 04
1 0 3 4 N o v ’ 04
100 100
D e b e n tu r e 5 s ......................1909
1 0 3 $ 108
104 M a r’ 04
R e g is te r e d ....................... 1909 M-N 102 4
104 1 0 4 4
A -O 1084
110 4 O ct ’ 04
D e b e n tu r e 5 s ......................1921
1 0 7 4 110 4
A -0 1104
R e g is te r e d ....................... 1921
1 0 8 4 J a n ’ 04
108$ 1 0 8 $
M-N 115
1 1 5 $ 118
S in k in g fu n d d eb 5 s ........1933
1154
115$
M-N
1 1 5 $ N o v ’ 04
R e g is te r e d ....................... 1933
1 1 4 4 116
F-A 1064
D e s M o So M in n 1 st 7 s . .1 9 0 7
1 1 5 $ ......... 1 1 5 4 D e c ’ 04
M ilw So M a d iso n 1 st 6 s .. 1905 M-S
104 4 N o v ’ 04
L 134 1 1 7 $
104 4 1 0 4 4
1 0 0 4 .........
N o r t h I llin o is 1 st 5 s ___ 1910 M-S 105 . . .. 105 4 M a y ’ 04
1054105 4
M-S 1 0 5 4 ........ 1 0 5 $ N ov ’ 03
112 ......... 103 A p r ’ 97
O tt C F So St P a u l 1 st 5s 1909
W in o n a & S t P e t 2d 7 s .. 1907 M-N 108 4 ........ 109 $ J ’ n e ’04
109 4 i l ’4 4
i
1 2 4 4 1 2 6 4 1 2 1 4 M a r ’ 04 ___ 1 2 1 4 1 2 1 4
*124 .......... 123% A u g ’ 04 —
126$129$
M il L S So W e s t 1 st g 6s 1921 M-N 1 2 8 4 ........ 1 2 8 $ D e c ’ 04
121% 124
E x t cfe Im p s fu n d g 5 s 1929 F -A 120 ......... 1 1 9 $ N o v ’ u4
11741194
9 7 ......... 9 9 $ O ct ’ 04
142 4 F e b ’ 02
A sh la n d D iv 1 st g 6 s .. 1925 M-S 1 3 1 4 1 4 0
97% 100%
mm
101 4 ......... 1 01 4 D e c ’ 04 m m 101
1 3 1 $ 133
M i d i D iv 1 st g 6 s ..........1924 J -J
1 3 3 4 ........ 133 N o v ’ 04
103%
119
......... 1 2 0 4 N o v ’ 04 ___ 1 1 5 4 1 2 2
103 103
C o n v e r tib le d eb 5 s ___ 1907 F -A 1 0 1 4 ......... 103 A p r ’ 04
......... 109 S ep ’ 03
120 4 M a r ’ 03
I n c o m e s ........................... 1911 M-N 104
1 2 1 $ 130
112 4 ......... 112% S ep ’ 04
125 4 ........ 1 2 4 4 N o v ’ 04
1 1 0 4 1 1 2 4 C h ic R o c k I s l So P a c 6 s . . . 1917 J -J
1 2 3 4 ........ 124 N o v '0 4
120 124
R e g is te r e d ....................... 1917 J -J
2 102 4 106
104 4 ......... 1 0 4 4 105
106 106$ 106
G e n e ra l g o ld 4 s .................. 1988 J-J
1064
101 1 0 6 4
4 1 0 4 $ 109
107 J a n ’ 03
1 0 6 4 Sale 106 4
106 4
R e g is te r e d ....................... 1988 J-J
107 J ’l y ’ 04 . . . . 105 107 4
Col1 tr u s t S e r ie s C 4s . . 1905 M-N 1 0 0 4 ........ L 014 Sep :u4
1014 1014
97
96 4 ........
97 J ’ l y ’ 04
97
H 4 s .................................... 1910 M-N
96
96
96 M a y ’ 04
M 4 s .................................... 1915 M-N
94 4 ........
93
93 M a y ’ 04
93
N 4 s .................................... 1916 M-N
94 4 ........
94
........ . 94 D e c ’ 04
94
94
O 4 s ..................................... 1917 M-N
9 3 $ ......... 9 3 4 D e c ’ 04
94 ........
90
90 M a y ’ 04
90
90
96
P 4 s .................................... 1918 M-N
80
80-4 Sale
C h ic R r cfe P a c R R 4 s . .2 0 0 2 M-N
81 4 620 66 4 8 2 %
109 4
109 4
7 0 $ 76 4
107$110
1 106$ 1124
R e g is t e r e d .......................2002 M N
76 4 S ep ’ 04
119
1 2 L4 120 'j O ct ’ 04
1164120$
93 Sale
93
9 4 4 433 73
C o ll tr u s t g o ld 5 s ......... 1913 M-S
96 4
1 0 4 $ 105
111
111 Sale l l o %
C h oc Ok So G g e n g 5s .o l9 1 9 J -J 107 ........ 105 O ct ’ 04
30 1 0 3 $ 114
103%
107 J ’ n e ’ 04
1054107
C o n so l g o ld 5 s ................ 1952 M-N 1 0 5 4 ........ 1 0 3 7s J an ’ 04
1034
95
95
91
92
95 S ep ’ 04
9 1 $ Sale
75 6 5 $ 93
D es M cfe F t I) 1st 2 4 s ..1 9 0 5 J -J 1 00 . . . .
9 3 $ 98
J -J
7 1 $ Sale
70
7 1 $ 174 28
E x te n s io n 4 s ..................1905
98 J a n ’ 04
74%
99 . . . .
1<
m3, i u-i- >
61 Sale
60
61
20 18
K e o k < D e s M 1 st 5 s ___ 1923 A-O 1 0 8 4 . . . .
fe
104 4 1 0 6 $
654
B id
U. S . G o v e r n m e n t
U S 2s c o n s o l re g iste re d .c!1 9 3 0
XJ S 2s co n so l c o u p o n ___ $ 1 9 3 0
U S 3s r e g is t e r e d .............. A1918
U S 3s c o u p o n ..................... /cl9 1 8
U S 3s r e g sm all b o n d s ../c l 918
XJ S 3s c o u sm all b o n d s ..fcld 18
U S 4 s r e g is t e r e d .............. $ 1 9 0 7
U S 4s c o u p o n .....................$1907
U S 4s r e g is t e r e d ..................1925
U S 4s c o u p o n ....................... 1925
P h ilip p in e is la n d s 4 s . 1 914-34
Week's
Range or
Last Sale
Bonds
Sold
BONDS
N . Y. S T O C K E X C H A N G E
W e e k E nding D ec 16
Jnt'st
Period
O C C U P Y IN G
A -O 1 0 7 4 1 0 8
J -J
85 Sale
J -J 1 0 9 $ .........
M-N * 1 0 5 $ .........
F-A 1 1 0 $ .........
F -A
92% Sale
J -J
38% 8 9 4
J -l)
J -J * ......... 100
A-O
J -J i o e % .........
J -J
J -J
io o
.........
J -D
J -J
F-A ......... 1 1 7 $
J-D 11 6 % 118
M-S 1 1 9 4 1 2 1 4
* N o p r ic e F r id a y ; l a t e s t p r ic e th is w eek ,
B O N D S —C on tin u ed on N ext i’ ajse.
11 9 9 $
108
108
267 7 2 %
83 $
85
109 4 N o v ’04
107$
105$ 105$
\ 100
110
1 1 0 $ 47 100
92$
9 2 $ 12 32
89
89
6 79$
99
95
N o v ’ 04
J ’ n e ’ 00
103
M a r’ 9S
D e c ’ 04
N o v ’ 04
D e c ’ 04 —
99$
N o v ’ 01
109
117$
118
120
90
103
85$
110
106
111
93
90
a D ue Ja n
d D ue A pr
1 1 2 4 118%
1 1 2 $ 118
115 4 1 2 0
e D u e M ay
S tre e t R a ilw a y
M e t S t R y —{C o n jU e t g 4 s2002
L e x A v So P F 1st gu g 5s 1993
T h ir d A v e It It c o n g u 4 s 2 000
T h ir d A v e R y 1 st g 5 s .. 1937
M e t W S El (C h ic) 1 st g 4 s . 1938
M il E l R y So L 3 0 -y r g 5s 1 920
M in n S t R y 1st c o n g 5 s .. 1919
S t J o R y L t H A P 1st g 5 s . 1937
S t P a u l C ity C ab con g 5 s. 1937
U n d e rg ro u n d E le c R y s o f L ond on P r o fit s h a r in g 6 s . . . 1908
U nion El (C lu e) 1 st g o s . . 1945
U n ited l i l t s San F r s f 4 s . 1927
U n ited R y s S t L 1 st g 4 s. 1934
W C h ic S t 4 0 -y r c o n s g 5 3 .1 9 3 6
I
A -0
M-S
J -J
J -J
F-A
F-A
J -J
M-N
J -J
J -D
A -0
A-O
J -J
M-N
9 1 $ Sale
91$
91%
1 1 5 $ S ep ’ 04
118
97$ 97$ 9 7 4
93
1 1 8 $ 1 2 0 4 117 4 O ct ’ 04
94 J ’ n e’ 04
96
106 O ct ’ 99
1 0 6 4 N o v ’ 04
107 4
1 1 2 4 115
110
h D u e J ’iy
k D ue A ug
89
92$
114 1 1 7 $
77 9 3 $ 99%
116 121
94
95
10641064
L10
J ’ly ’ 04
97%
9 7 $ 115
109 4 D e c ’ 99
81
87% 8 7 4
88
87 4 D e c '04
99 D e c ’ 97
110
9 7 $ Sale
99$
99%
874
87$
75 4
79$
88
88 4
G u * a n d E l e c t r i c L ig h t
A tla n ta G L Co 1 st g o s . . .1 9 4 7 J -D
g D ue j ’ue
26
....................
o D u e O ot
# D ue Nov
^O p tion s a l *
BONOS
N. Y . STO CK E X C H A N G E
W e e k e n d in g D eo 10
T
2
ia W
> *s
P rice
LYiday
Dec 16
Bid
Wec/ds
Jianf/e or
Last Sale
A sk Loxo
C h ic & S t L See A toll T«& S a F c
C lue S t L A N O
See IU C ent
Ohio S t L A P itta See P on n Co
Cli 10 S t P M A O co n O e ... 1930 J-I> 1 S 3 % 1 8 4 %
02 % .........
C ons Os re d u ce d to 3 % e .l9 3 0 J -I)
Ch S t P < M in n 1 st g Gb 1918 M-N m * a .........
fe
N o r W isco n sin 1 st O s.-.1 9 3 0 J -J 183 .........
S t P A S C ity 1 st g 6 s ...1 9 1 9 A -0 1 2 3 U .........
81 .........
C h ica g o T e r T ra n s g 4 s . ..1 9 4 7 J -J
C h ic A W e s t I n d g e n g 6s 91932 Q-M 112 ..........
C hic & W M lo ll See P o r e Mftrq
C h oc O < b G u lf See C B I & I
S
C m H & D co n s o l s f 7 s . . .1 9 0 5 A-O 100 ..........
2d g old 4*28 ....................... 1937 J - J 100 .........
C in D <fc I 1st g u g 58. ..1 9 4 1 M-N 114 Sa.........
99 .........
C in I & W 1 st g u g 4 8 .1 9 5 3 J -J
C I S t L < C See C C 0 < S t L
fc
fe
Cin S & C See C C C S t L
C lear lield & M a h See B R A P
C lev C in C & S t L g e n g 4s 1993 J-D 101*8 Sale
C airo D iv 1 st g o ld 4 s -----1939 J -J 1 0 0 ° 8 .........
C in W & M D iv 1 st g 4 8.1991 J -J
99^ 2.........
S t L D iv 1 st c o l tr g 4 8 ..1 9 9 0 M-N ..........102*12
R e g is te r e d ......................1990 M-N
9 7 .........
S p r < C ol D iv 1 st g 4 s . .1 9 4 0 M-S
&
W W V a l D iv 1 st g 4 s . . . 1940 J -J 1 0 0 % .........
C I S t L < C c o n s o l O s.. 1920 M-N 105 " .........
fe
1 st g old 4 s .........._^_..-A:1936 Q-F 1 0 0 % .........
R e g is t e r e d ................A2L936 G-F
Cin S & C l co n 1 st g 5s. .1 9 2 8 J -J 113*12.........
C C C <& I co n s o l 7 s ..........1914 J-D 1 2 2 % .........
C on sol s in k fu n d 7 s ___ 1914 J -D
G en era l co n s o l g o ld 6 s. 1934 J - j 133 ..........
R e g is te r e d ....................1934 J - J
In d B1 <fc W 1 st p r e f 4&.1940 A -0
9 8 * 2 .........
99 .........
O In d <fc W 1 st p f 5 s . ..(£1938 O -J
Peo<fc E ast 1 st co n 4 s . . . 1940 A -0
99 *2 Sale
71 Sale
In c o m e 4 s .........................1990 A p r
Cl L o r <fc W h c o n 1 st g 5 s .1933 A-O * 1 1 5 % .........
C lev & M a rietta SeePenn. R K
C lev & M ah on V a l g 5 s . . . 1938 J -J 110 .........
C le v & P itts See P e n n Co
75 *2 Sale
C ol M id la n d 1 st g 4 s ..........1947 J -J
90 Saie
C olorad o & S ou 1 st g 4 s . . . 1929 F-A
C olu m & G re e n v See S o R y
Col & H o c k V a l See H o c k va i
C ol C on n & T e rm See N < b W
S
C onn & P a s R iv s 1 st g 4 s . 1943 A -0
ak & G t S o See C M & St P
alias & W a co See M K & T
D el L a c k & W e s te r n 7 s . . . 1907 M-S 109*%.........
M o rris & E s s e x 1 st 7 s . ..1 9 1 4 M-N 1 2 6 * 2 ..........
1 st c o n s o l g u a r 7 s ........1915 J -D 1 2 8 % ..........
R e g is te r e d ................... 1915 J -D
1 st r e f g u g 3 % s........... 2000 j - D
N Y L a c k & W 1st 6 s . . .1921 J -J is 6 * 4 i.32%
C o n stru ctio n 5 s ........... 1923 F -A 1 1 3 * 8 .........
T erm & im p r o v e 4 s ___ 1923 M-N 103 .........
S y r B in g & N Y 1 st 7 s .. 1906 A -O 1 0 6 % ..........
W a rre n 1 st r e f g u g 3 % s.2 0 0 0 F -A
Del & H u d 1 st P a D iv 78 .1 9 1 7 M-S 1 3 7 % .........
R e g is te r e d ....................... 1917 M-S
A lb & S us 1 st c o n g u 7 s .1906 A -0 104 .........
G u ar g o ld 6 s ................... 1906 A -0 1 0 3 * 8 .........
R en sd b S a ra tog a 1 st 7 s .1921 M-N 141 ..........
D el R iv R R B rid g e See P a R R
D e n v & R G r 1 s t co n g 4 s . 1936 J -J 102% Sale
C on sol g o ld 4 % s ................1936 J -J * ......... 102
Im p r o v e m e n t g o ld 6 s . . .1 9 2 8 J-D ......... 108%
99 % Sale
R io G r W e s t 1 st g 4 s . . . . 1939 J -J
C on sol an d c o l tr u s t 4 s 1949 A -0 .......... 89
U ta h C e n t 1 st g u g 4s a l9 1 7 A -0
91 ..........
R io G r S o g u See R io G r b o
D e s M o i J b F t D See O R A I P
D es M <fc M in n See C h <fc N W
D os M oi U n R y 1 st g 5 s . .1 9 1 7 M-N
D e t M <fc T o l See L S & M S o
97 ..........
D e t & M a c k 1 st lien g 4 s .1995 J-D
[ Q uid 4 s .................................. 1995 J -D
9 3 * 2 .........
D e t S ou 1 st g 4 s ..................1951 J-D .......... 70
O h io S o u D iv 1 st g 4 s . . . 1941 M-S
9 0 Sale
Dul<& I r o n R a n g e 1 st 5 s .. 1937 A -O 1 1 4 % 1 1 8
, R e g is te r e d ........................... 1937 A -O 1 1 4 ..........
2d 6 s ......................................1916 J -J
D u l S o S h ore & A t i g 5 s .. 1937 J -J 1 1 3 * 2 .........
I ? ast o f M in n See S t P M <fc M
A Ja st T e n V a & G a See S o R y
E lg in J o i & E a st 1 st g 5 s .1941 M-N 1 1 5 * 2 .........
E lm C o rt & N o See L e li A N Y
E rie 1 st e x t g o ld 4 s .............. 1947 M-N 107 ..........
2d e x t g o ld 5 s ..................... 1919 M -S 1 1 4 % .........
. 3d e x t g o ld 4 % s ..................1923 M-S 109% 110%
4 th e x t g o ld 5 s ....................1920 A -O 1 1 4 * 2 .........
5th e x t g old 4 s ................... 1928 J-D 1 0 0 % ..........
1 st c o n s o l g o ld 7 s .............. 1920 M-S 135
.........
1 st c o n s o l g fu n d 7 s ........1920 M-S 1 3 2 % .........
E r ie 1 st co n g 4s p r io r ..1 9 9 6 J -J 101*2 102
R e g is te r e d ....................... 1996 J -J
1 st c o n s o l g e n lie n g 4 s . .1 9 9 6 J-J
91 % bale
R e g is te r e d ....................... 1996 J -J
P e n n c o ll tr g 4 s .............. 1951 F -A
9 4 Sale
5 0 -y ea r c o n v 4s A ..........1953 A -0
95% Sale
B u f fN Y & E r ie 1 st 7 s ..1 9 1 6 J-D 1 2 4 % 1 2 8
B u d < S W g o ld 6 s ..........1908 J -J
fe
106 Sale
C h ic & E r ie 1 st g o ld 5 s .. 1982 M-N 1 2 1 % .........
J e d R R 1 st g u g 5 s ___ a l9 0 9 A -0 1 0 4 % .........
L o n g D o c k c o n s o l g 6 s .. 1935 A-O 134 135
C o a ltfe R R 1 st cu r g u 6 s. 1922 M-N 118 .........
D o c k & Im p 1st c u r 6 s ..1 9 1 3 J -J
1 1 3 % .........
N Y <fc G reen L g u g 5 s . 1946 M-N 114 ~ .........
N Y b u s & W 1 st r e f 5 s. 1937 J -J 1 1 5 % .........
2d g o ld 4 % s..................... 1937 F-A 103 104
i G e n e ra l g o ld 5 s.............. 1940 F -A 109% Sale
T erm in a l 1st g o ld 5 s . . . 1943 M-N 117
.........
R e g is $ 5 ,0 0 0 e a c h . . . 1943 M-N
M id R R o f N J 1 st g 6 s .1910 A -0 1 0 9 % .........
W iikcfe E a l s t g u g 5 s . 1942 J-D 1 0 9 % .........
E rie <fc P itts See P e n n Co
D e c '0 3
O ct ’ 00
j ’ l y ’ 04
N o v ’ 04
100% 101%
100 JM y’ 04
9 8 * 8 J ’l y ’ 04
101% S e p ’ 04
100 O ct ’ 04
102 D e c ’ 02
9 4 % A u g ’ 03
105 J a n -04
100 N o v ’ 04
115*4 J ’ n e ’ 04
123 D e c ’ 04
130
S ep ’ 04
104% N o v ’ 01
98% 100
71
72
11 2 % F e b ’ 04
116
Mange
Since
January 1
F e b ’ 04
74*4
89
77
90
D
109% O c t *04
128% N o v ’ 04
12 9 % 129%
140 O ct ’ 98
129% A u g ’ 04
1 1 4 % J ’l y ’ 04
102% N ov*04
108% J J y ’ 04
i
102 F e b ’ 03
133% M a r ’ 04
149 A u g ’ 01
104*4 D e c ’ 04
103 *s N ov ’ 04
14 6 % O c t ’ 04
102%
104%
107%
99%
89
97
102%
J"’ly ’ 04
N o v ’ 04
100
D e c ’ 04
J a n ’ 02
110
S ep ’ 04
100 S ep ’ 04
95 % N o v ’ 04
70
70
89
90
117 N o v ’ 04
113% D e c ’ 04
L17% O ct ’ 04
114 J ’ n e ’ 04
113% J ' i y ’ 04
10 9 % S e p ’ 04
111 M ay’ 04
103% S ep ’ 04
135 N o v ’ 04
130 A u g ’ 03
10 1 % 101%
9 8 % Ja il ’ 04
91%
92
8 8 N o v ’ 04
94
94%
95%
96
127 % N o v ’ 04
106
106
12 1 % 121%
103 O ct ’ 04
132 A p r ’ 04
118 J ’ly ’ 04
113 % N o v ’ 03
10 8 % J a n ’ 04
115% N o v ’ 04
103 D e c ’ 04
109
109%
117 O c t ’ 04
108% O ct ’ 04
112% Nov’04
L
J -J
F-A
101
M -S
113
J-D
F -A
F-A
M-N
A -0
A -O
A-O
J -J
61% O ct ’ 01
9 1 % N o v ’ 04
107^i D e c ’ 00
107%
108 ......... 107%
1 0 0 % ......... 100
O ct ’ 04
108 .........
124
124 124% 124
96 ......... 96%
105
......... 112
5
J ’ n e ’ 03
N o v ’ 03
6
O
91
5
90
10 1
N o p r ic e F rid a y ; la test bid and ask ed th is w e e k . a D u e J a u
Week's
Range or
Last Sale
A 8k Low
fw ^ 1
s l
Range
Since
January 1
High No 1l,o to Hi/jS
123
100
N o v ’04
O c t ’ 04
J ’n e ’ 02
O ct ’ 04
D e c ’ 04
. „ . . I 116
. . . . 101
....
104
. . . . 107
J -J
A-O
A -0
A-O
J -J
1 23*4.........
1 0 6 % .........
106 .........
105 .........
110
.........
J -J
J -D
J -J
105 M a r’ 98
..........107% 107% 108*4 14 1 0 2 % 1 1 1 %
8 5 % ......... 8 6 % D e c ’ 04 . . . . 71
86%
A -0
1 0 3 % ......... 103 % D e c ’ 04 . . . . 101% 104%
J -J
Q -J
100
Sale
J -J
104
.......... 106
J -J
J -J
A-O
Ill
4 103 % 111 %
1 1 1 % 111
111%
1 0 5 % J ’ ly ’ 04 . . . . 105% 107%
J -J
J -J
J -J
J -J
A -0
M-S
A -0
A -0
M-N
M-N
J -D
J -J
F-A
F -A
J -J
J -J
J -J
J -J
J -J
F-A
J-D
iVl- S
J-D
J-D
J-D
J-D
J -D
M-S
......... 113 N o v ’ 04
113*0 M a r’ 00
1 0 0 % ......... 102 A u g ’ 04
94
M a r’ 03
1 0 0 % ......... 99*4 O ct ’ OS
70 " O ct ’ 04
1 0 3 % ......... 103% N o v ’ 04
102 O ct ’ 01
103% 104% 104*4 104*4
101 A p r ’ 04
1 9 3 * 4 ......... 106% M a r’ 03
96% b a le
96%
96%
108 ......... 123 M av’ 99
86*4 N o v ’ 04
81*4 84
85 N o v ’ 04
112
104
108
99% 100% 233
99 D e c ’ 04 —
104
10S
90% 101 %
90 100
2 102
106
123
107%
106
95% 101
88
4
..................... 111*4
J -J
J -J
A-O
M-N
J -J
J -J
A-O
A -O
J -J
M-S
M-S
A -0
A -0
Q-J
Q-J
J-D
M-S
J-D
M-S
J -D
M-S
M-S
■ I- s
V
A -O
M-S
Q-J
M-S
J-D
M-N
J -J
J -J
M-N
A -0
J -D
100*4 111*4
112
95
........ .
94 ..........
1 0 6 % ........
1 2 1 * 4 .........
..........114
1 2 2 % ..........
1 1 9 % .........
92 ..........
113
115
. . . . 101*4 102
70
70
. . . . 1 0 2 % 106
3 102
. . . . 101
106
101
2
93*4
96%
....
....
84%
80
86%
85 %
94% A u g ’ 04 __
93
95
101% Oct, ’ 99
1 0 0 N o v ’ 00
105% N o v ’ 04 . . . . 105% 107*4
124% A p r ’ 04 . . . . 124% 124%
90 N o v ’ 98
119 N o v ’ 03
119% M a r’ 04 __ 118 119%
9 3 % M ay’ 04 . . . . 87
98%
1 0 4 % ......... 104% S e p ’ 04 . . . . 102% 104%
N o v ’ 04 — 102% 103
1 0 2 % ......... 103
..........
J -J I l l
J -J 1 0 9 * 4 .........
J -J * 9 9 % ..........
M-N 1 2 0 % 1 2 0 %
M-S 101 Sale
7 1 % Sale
M-S
J -D 113 .........
86
..........
M-S
A -0
A -0
111%
72
73
106 M a r’ 04
107 % D e c ’ 02
99%
99%
120
100%
71%
113
87
86
106
1 98 101
1 118% 12 2
120
101
71
113
106
32
13
101
72
11 109% 114%
2 85
89
72% D e c ’ 04
63 O ct ’ 00
97
68
68
73%
119% 123% 120% N o v ’04
115% 120%
114 ......... 112% N o v ’ O .... 110% 114%
-i
116*4 118
116 % N o v ’ U4 —
110
116%
1 0 7 % ......... 107% N o v ’ 04
1 1 1 % bale 1 1 1 %
111%
1 0 1 % ......... 105 J a n ’ 04
1 1 8 % ......... 1 1 6 % N o v ’ 04
112
.......... 1 0 9 % O ct ’ 99
1 1 2 * * ......... 108
108
......... 98% 98%
98%
107 107%
3 104% 111%
.. . 105 105
116 116%
1 107
1 92
1 0 7 % .........
1 0 5 % ......... 106% N o v ’ 04 —
111
99
1 0 0 % 106%
1 1 6 % ......... 116% O ct ’ 04
116 1 1 S
.........
101% 100% 100%
5 98 103
......... 100 O ct ’ 04 __ 100 1 0 i %
9 6 % ......... 99% O ct ’ 04 .... 99*4 99*4
102% D e c ’ 04
9 6 % 102%
112
......... 110 J ’ n e ’ 04
110
110
1 0 1 % ......... 1 0 1 % 1 0 2 %
3 100% 103
1 0 7 % .........
105 ’ ......... 105 % M a r’ 03
114 ......... 112 M a r’ 02
1 0 8 % ......... 107% S ep ’04
107% 107%
1 0 9 % ......... 109 N o v ’ 04
109 109
103% D e c ’ 04
100% 104%
118% Sale 118%
9 115% 1 2 2
118%
116 ......... 116 D e c ’ 04
114% 116
103% b a le 103
103% 92 98 103%
101% J ’ n e ’ 04
101% 101%
r 109 116%
>
......... 114% 114% 114%
97% 93% 97%
97% 33 96% 99%
113
......... 115% N o v ’ 04
111 % 115 %
100
100
102
B O N D S — C o n t in u e d o n N e x t P a g e .
1 1 6 % ......... 115% 115%
1 112% H 7%
60 ......... 69 N o v ’ 04 ....iJ 54
70%
17 9 % Sale 177
182% 179 171% 192%
101
P rice
F rid a y
Dec 16
H
M-N
A -O
J -J
Sale
c.
-Z
U£ ,v
-1 *«
*
B id
E va n s < T H 1st c o n s 6 s .1921
fe
1 st g en era l g old 5 « ..........1942
M t V e rn o n 1st g o ld 6 s .. 1923
11 1 3 0 % 1 3 5 %
b u ll Co B ra n ch 1st g 5 s . 1930
E v & Ind 1st co n gu g G S..1926
___ 1 3 0 % 1 3 2 %
I Jar g o 4b Bo See Ch M
Bt 1'
. . . . 129% 129%
L iinttfe P e r o M See P ere M ar
120 128% Fla C 4b P e n in See Sea A ir L in e
7 72 % 86% F o r t S t U D C o 1st g 4% S .1941
— 110 113
Ft W
D en C 1 st g 6 s .. ..1 9 2 1
F t W 4b R io G r 1 st g 4 s . .. 1928
/ ' al H a r & & A See S o P a c C o
V T a i H 4b H 011882 1 st 5 s. 1913
G eorg ia & A la See Sea A L in e
111*4 113*4 G a Car 4b N o r See S ea A L in e
—
97
99% G e o rg ia P a citic See S o R y
G ila V G & N o r See S o P a c Co
G o u v 4b O s w e g a t See N Y C ent
G ran d R ap & In d See P en n R R
9 9 5 % 103% G ra y ’ s P t T e r m See S t L S W
. . . . 9 9 % 1 0 1 % G t N o r —C B 4b Q c o ll t r 4 s 1921
. . . . 98
98 %
R e g is te r e d . A ..................... 1921
. . . . 99% 103
G r e e n b r ie r R y See C lies 4b O
99 100
G u lf 4b S 1 1st re f 4b t g 5s 61952
an & S t J o See C B & Q
o u sa to n ic See N Y N H4b H
105 105
H o c k V a l 1 st c o n s o l g 4 % s. 1999
. . . . 100 103
R e g is te r e d ...........................1999
C ol 4b H V 1st e x t g 4 s .. 1948
11 0 % 115% H o u s t E 4b W T e x See S o P a c
. . . . 123 126
H o u s t & T e x C en See S o P a c Co
J llin o is C e n tra l 1 st g 4 s . . 1951
. . . . 128 130
1 R e g is te r e d ....................... 1951
1 st g o ld 3 % s ....................... 1951
R e g is te r e d ....................... 1951
E x te n d e d 1st g 3 % s........1951
24 95 100%
1 st g o ld 3s s t e r lin g ..........1951
23 58
C o ll T r u s t g old 4 s ........... 1952
74%
— 11 2 % 112%
R e g is te r e d ....................... 1952
L N O & T e x g o ld t i. ...1 9 5 3
— 116 116
R e g is te r e d ....................... 1953
C airo B r id g e g o ld 4 s ___ 1950
403 56
77
IiOUisville D iv g o ld 3 % s. 19 53
4 8 82
90
M id d le D iv r e g 5 s ........... 1921
O m aha D iv 1 st g 3 s ........1951
S t L o u is D iv g o ld 3 s ___ 1951
R e g is te r e d ....................... 1951
G o ld 3 ^ 8 ...........................1951
R e g is te r e d ....................1951
S p r in g D iv 1 st g 3 % s ...l9 5 1
109% 112%
W e s te r n L in e s 1 st g 4 s .. 1951
. . . . 1 2 7 % 130
B e lle v 4b C ar 1st 6 s ........1923
2 128% 133
G arb & S h aw 1 st g 4 s . . . 1932
C h ic S t L 4b N O g 5 s . . .1951
R e g is te r e d ....................... 1951
__ 1.27 129%
G o ld 3 ^ 8 ...........................1951
__ 111*4 115%
R e g is te r e d ....................1951
___ 1 0 0 % 1 0 5 %
M e m p h D iv 1 st g 4 s . . .1951
S t L S ou l e t g u g 4 s ___ 1931
108*4 109%
In d B1 & W e s t See C C C & St L
133% i 37 *4 I n d D e c & W 1 st g 5 s .........1935
1 st g u a r g o ld 5 s ..................1935
I n d IH & l a 1 st g 4 s .......... 1950
104*4 i0 8
__ 103% 106
I n t & G re a t N o r 1 st g 6 s .. 1919
2d g o ld 5 s .............................1909
— 142 146%
3d g o ld 4 s .............................1921
C 96% 102*4 I o w a C e n tra l 1 st g o ld 5 s ..1 9 3 8
. . . . 104*4 104*4
R e fu n d in g g 4 s ..................1951
J e ffe rso n R R See E rie
103 109
J / a l A & G - K See L S & M S
9 94 101
I V a n & M ic h See T o l & O C
83
91
K C F t S & M S eeS tL & S F
K C & M R & B See S t L & S E
K a n C & P a c ific See M K & T
K a n C ity S o u 1 st g o ld 3 s .. 1950
R e g is te r e d ...........................1950
9 9 % 110
K e n tu c k y C en t See L & N
K e o k & D e s M o See C R I & P
98 100
9 2% 95 % K n o x v B le & O hio See b o R y
a k e E r ie db W 1 st g 5 s . . 1937
i 37
70
2d g o ld 5 s ......................... 1941
23 6 6% 90
N o r t h O h io 1 st g u g 5 s . .1 9 4 5
109% 117
L S h o & M ic h S See N Y C en t
L e h ig h V a l (P a ) coU g 5 s. 1997
. . . . 111 1 1 3 % L e h V a l N Y 1 st g u g 4 % s .l9 4 0
R e g is te r e d ........................... 1940
L eh V T e r R y 1 st g u g 5 s. 1941
R e g is te r e d ........................... 1941
. . . . 113 11 7 %
L e h V C oal C o 1 st g u g 5 s . 1933
L eh & N Y 1 st g u a r g 4 s . .1 9 4 5
114 114
R e g is te r e d ...........................1945
112% 113%
E l C & N 1 s t g 1 st p f 68.1914
108*4 111
G old g u a r 5 s ................... 1914
111 114%
103% 103% L eh & H u d R See C en t o f N J
13 1 % 135% L e h & W ilk e s b See C en t o f N J
L e r o y & C a n e y V a l See M o P
47 9 6 % 102% L o n g D o c k See E rie
9 8% 98% L o n g I s l ’ d—1 st co n g 5 s . A1931
1 st c o n so l g o ld 4 s ..........A1931
92%
169 8 4
G e n e ra l g o ld 4 s ..................1938
85% 88
F e r r y g old 4 % s ..................1922
16 88% 95%
G old 4 s .................................. 1932
186 9 5 % 96
U n ified g o ld 4 s ..................1949
125% 127%
D e b e n tu re g o ld 5 s ........... 1934
3 106 106
G u a r r e f g o ld 4 s ................ 1949
5 116 123
B k ly n & M o n t 1 st g 6 s ..1911
103 103
1 st 5 s .................................. 1911
130 132
N Y B & M B 1 st c o n g 5s 193b
113% 118%
N Y & R B 1 st g 5 s ........1927
N o r S liB 1st co n g g u d s o l 9 3 2
1 0 S% io 8 %
109% 115% L o u isia n a 4b A r k 1 st g 5 s . 1927
D ou isv & N a s h v g e n g 6 s .1930
98 103
G o ld 5 s .................................. 1937
29 101% 109%
U n ifie d g o ld 4 s ..................1940
1 1 3 % 117
R e g is te r e d ....................... 1940
C oll tr u s t g o ld 5 s .............. 1931
108% 111%
6 -2 0 -yr c o l tr d e e d g 4 s . 1923
— 106% 112 %
E H 4b N a sh 1 st g 6 s ___ 1919
M IS C E L L A N E O U S
G a s a n d E l e c t r i c L ig h t
B k ly n U G as 1 st c o n g 5 s .1945
B u ffalo G as 1 st g 6 s ........... 1947
C on sol G as c o n v d e b 6 s ___ 1909
C on su m G as See P G & C Co
D e tro it C ity G as g 5 s ..........1923
D e t G as Co co n 1 st g 5 s ...1 9 1 8
E d E lI U B k n S 'e e K C o E L 4 b P
E d E 111 S ee N Y G & E L H & P
E q G L N Y 1st c o n g 5 s .. 1932
E q G & F u e l See P G & C Co
G as 4b E le c B e r g C o c g 5 s. 1949
G en E le c tr ic d eb g 3 % s ..l 9 4 2
G r R ap G L Co 1 st g 5 s ...1 9 1 6
H u d s o n Co G as 1 st g 5 s .. 1949
K a n C ity (M o ) G as l s t g 5s 1922
K in g s Co E l L & P g 5 s . ..1 9 3 7
P u rch a se m o n e y 6 s ......... 1997
E d E i II B k n 1st c o n g 4 s 1939
BONDS
N. Y. STOCK E X C H A N G E
W e e k E n d in g D ec 16
[VOL. LXXIX-
Ilifjh No Low H ig h
133% 138%
93 D e c '03
132 % N ov-04
129% Mar-U4
123 % N o v ’ 04
85
85
113 D e c ’ 04
104%
113
113*4
99
Bonds
Sold
Bond Record— Continued— Page 2
2684
91%
2 103% 109
100
100
_
_
18 117% 124
9 3 % 96%
G a s a n d E l e c t r i c L ig h t
L a c G as L o f S t L 1 st g 5 s .e l9 1 9 Q -F 108% Sale 108%
10S%
M ilw a u k e e G as L 1st 4 s .. 1927 M-N
9 0 % ......... 90% J ’ly ’ 04
M u t F u e l G a s Co See P o o p G as
N Y G E L H 4b P g 5 S ...1 9 4 8 J-D 110 110% 110
110%
P u rch a se m o n e y g 4 s . ..1949- F -A
95% Sale
95%
96
E d E l 111 1 st c o n v g 5 s . .1 9 1 0 M-S 104% 105
104% D e c ’04
1 st co n so l g old 5 s ..........1995 J-J 1 1 9 % ......... 120 % J ’ u e’ 04
N Y 4 b Q E l L4bP 1 st co n g 5 s l9 3 0 F - A * 1 0 7 % ......... 107% D e c ’ 04
N Y 4b R ic h G as 1 st g 58.1921 M-N
100 M a r’ 04
P e o G as & O 2d g u g 6 s . . 1904 J-D
101% A u g ’ 04
1st c o n g o ld 6 s ................... 1943 A - 0 125 ......... 125 N o v ’ 04
R e fu n d in g g o ld 5 s ........... 1947 M-S 106 .......... 104% N o v ’ 04
109 N o v ’ 04
109 110
Ch G -L & C ke 1st g u g 5s 1937 J -J
C on G Co o f Ch l s t g u g 5 s .’ 36 J-D 106 107% 107% 107%
1 0 2 % ......... 103 D e c ’ 04
E q G & F Ch 1 st g u g 6 s .1905 J -J
M u F u e l G as 1 st gu g 5 s. 1947 M-N 1 0 2 % ......... 102% N o v ’ 04
S y ra cu s e L ig h tin g 1st g 5 s .’ 51 J-D * 97 % .........
T re n to n G <fc El 1 st g 5 s .. 1949 M-S * 1 0 5 % ......... i 0 9 F e b ’ 01
b Due F eb d D n e A pr
eD u e.M ay A D u e J ’ ly fcD u e A u g o D u e O ct
—
3 105 110%
8 7 % 90%
42 105%
37 90
102%
115%
100%
. . . 100
.... 101
118%
103
106%
4 104
101
101%
—
__
....
__
113%
96%
110
120%
107%
100
103
128
104%
109%
108%
103
105
? D u e D eo s O p tion sa le
D eo . 17,1904. j
L o u is v & N a s h v N O A M
1st gold 6 a . . . -1 9 3 0
2d go ld 3 s ........................
H e n d e r B d g e l s t s f g 6 s -------K e n tu c k y C e n t g o ld 4 s .. 1987
L & J efi B d g e Co g u g 4 a ..194;
L N A & C h See C I & L
T4/J alien C oal See L S 4 M 9
M-N
J -J
J -J
M- S
M -S
M- S
M-S
j -j
M -S
J -J
F -A
F -A
F -A
A-O
M-S
A-O
A-O
J -J
J-D
W eek's
R a n ge or
L a st Sale
B id
A sk
107 ..........
131 ..........
124 ..........
1 1 4 *2 ..........
119 ..........
L ow
H ig h
105*8 N o v ’ 04
131*4 D e c ’ 04
124*8 N o v ’ 04
116% M a r’ 02
122 A p r ’ 04
75 J ’ n e’ 02
113 N o v ’ 99
100 D e c ’ 04
107 *2 O ct ’ 04
96*2
97
116 N o v ’ 04
115 Jan ’ 04
115 N o v ’ 04
110 MaFOS
98% O ct ’ 04
1 0 8 *4 .........
107*4 109
96 .........
1 1 5 *8 ..........
1 1 3 *2 ........ .
1 1 5 *8 .........
1 0 7 *4 ..........
9 8 * 8 ..........
104*4 106
110
Sale
105
105
n o
76 ......... 76*2
J -J
77
23*2 Sale
J ’ ly
21*8
24
* 1 2 * 2 ......... 16
16
J 'ly
2d co n so l In com e g 3 s.
A-O
A -O . . . . . . __ „
96 N o v ’ 04
C o ll t r g 4% s 1 st S e r ----- 1907 F-A
M -S
90% J ’l y ’ 01
M-S
J -D
105 M ay’ 00
M id i C en t See N Y C en t
M id o f N J See E rie
MU L S * W
See C h ic & N W
M il & M ad See C liic & N W
M il & N o rth See C h M & S t P
M in n & St L 1 s t g o ld 7 s . .1 9 2 7 J -B 1 3 6 *9 .......... 142 D e o >03
I o w a E x 1 s t g o ld 7 s -------1909 J -D 1 0 9 % .......... 113 O ct ’ 04
P a c ific E x 1 s t g o ld 6 s . ..1 9 2 1 A-O 1 1 5 *4 .......... 120% F e b ’ 04
.......... 121 J a n ’ 02
J -D n o
M-N 1 1 6 *4 .......... 116 N o v ’ 04
97*4 Sale
96*a
97*4
1 s t an d re fu n d gold 4 s .. 1949 M -S
M in n <fc S t L g u See B C E & N
99*4 100
J -J
98*2 N o v ’ 04
J -J
J -J 100 .......... i o s N o v ’o i
M in n U n See S t P M A M
10 0 %
M o K a n A T e x 1 st g 4 s . ..1 9 9 0 J -D 100*8 Sale 1 0 0
85*2 Sale
F -A
85
85*2
1 s t e x t g o ld 5 s ................... 1944 M-N 103*2 Sale 103% 103*2
8 6 * 4 87*4 87*4 N o v ’ 04
S t L D iv ls,t r e f g 4 s -----2001 A-O
M-N . . . . . _____ 104% D e c ’ 04
94
F -A
94
94*2 94
M o K A E 1st g u g 5 s . ..1 9 4 2 A-O 1 1 0 *2 ......... 110% 110%
M K A O k 1st g u 5 s ........1942 M-N ..........104*4 104% 104%
106
M K A T o f T 1 st g u g 5 s . 1942 M-S ..........107*2 106
S h e rS h A So 1st g u g 5 s . 1943 J -D 103 ......... 106 N o v ’ 04
T e x A O k l a l s t g u g 5 s . . . l 9 4 3 M -S ......... 104*4 104*4 104*4
4
M is s o u ri P a c ific 3d 7 s ....... 1906 M-N 1 0 5 L ......... 105*2 D e c ’ 04
M-N 1 2 2 78 Sale 121% 123
T r u s t g o ld 5 s s ta m p e d .a l9 1 7 M-S 107 107*2 107*8 D e c ’ 04
R e g is t e r e d .................. «1 9 1 7 M-S
F -A 108 109
108% 108*2
1 st c o ll g o ld 5 s ................1920
9 6 . . . . . . 95*4
95*4
C en t B r R y 1 st g u g 4 8 .1 9 1 9 F-A
1 0 2 *2......... 100 M ay’ 01
L e r o y A C V A L 1 st g 5s 1926 J -J
P a c R o f M o 1st e x g 4 s . 1938 F -A 1 0 3 *2 .......... 103% D e c ’ 04
2 d e x te n d e d g o ld 5 s . ..1 9 3 8 J -J 1 1 6 *2 .......... 116*2 116*2
116*2
, S t L I r M A S g e n c o n g 5 s l 9 3 1 A-O 116*2 Sale 116
1093 O ct ’ 03
4
G e n eon stam p g td g 5 s 1931 A-O
96*4 Sale
95*4
96*s
U n ifie d A r e f g o ld 4 s . .1 9 2 9 j - j
9 5 7s Sale
95%
95%
R i v A G D iv 1 s t g 4 s . . 1933 M-N
102 ..........
V e r d i V I A W 1 st g 5 s .1926 M-S
M oh A B irm p r io r lie n g 5s 1945 j - j 1 1 2 *4 .......... 111*2 M a r’ 04
98
95 N o v ’ 04
M o r tg a g e g o ld 4 s .............. 1945 j - j * 95
M oh J 4 K C 1 st co n s g 5 s . 1953 J - J
M o b & O hio n e w g o ld 6 s .. 1927 J -D i'2 5 « b i2 7 78 i'26 D e c ’ 04
1 st e x te n s io n g o ld 6S..A.1927 Q -J 1 2 2 * 2 ......... 121 A p r '04
96*4 N o v ’ 04
G e n e ra l g o ld 4 s ..................1938 M-S
M o n t g o m D iv 1 st g 5 s . .1 9 4 7 F-A 1 1 5 % .......... 115 D e c ’ 04
92*4 95
92*2 J ’l y ’ 04
S t L A C airo coU g 4 s ..e l 9 3 0 Q -F
G u a ra n te e d g 4 s ............1931 J -J 101 102*8 101 N o v ’ 04
M A O c o ll 4s See S ou th ern
M ohaw k & M ai S eeN Y C & H
M o n on ga h ela R iv See B & O
M o n t C en t See S t P M A M
M o rg a n ’ s L a A T See S P Co
M o rris & E s s e x S e e D e l L A W
ash C h at A S t L 1 st 7 s . 1913 J -J 124 ......... 123*4 N o v ’ 04
1 st c o n s o l g o ld 5 s ..........1928 A-O 116% 116
115*4 D e c ’ 04
J a s p e r B ra n ch 1 st g 6 s . .1 9 2 3 J -J 1 1 9 *4 ......... 113 B e c ’ 99
M o M M W & A 1 1 st GS..1917 J -J 1 1 7 *8 .......... 113*2 J ’ n e ’ 04
T A P B ra n ch 1 st 6 s ----- 1917 J -J 1 1 5 *8 ......... 113 J ’ l y ’ 04
N a sh n o r A S k ef See L A N
N a t o f M e x p r io r lie n 4 % s .l9 2 6 J -J 104 104*2 104
104
81
82
1 st c o n s o l 4 s ....................... 1951 A-O
81*4
81*4
N ew H A D
See N Y N H A H
N J J u n e R R See N Y C en t
N e w A C in B d g e See P e n n Co
N O A N E p r io r lie n g 6s p l9 1 5 A-O 1 1 2 *8 ..........
N Y B k ln A M a n B e ll See L I
N Y C e n t A H R iy g 3 % s .l9 9 7 j - j 101*4 Sale 100*4 101*4
R e g is t e r e d ........................1997 j - j 1 0 0 *2 .......... 100 *2 D e c ’ 04
D e b e n tu re g 4 s ___ 1890-1905 J-D 100 ........ 101 A u g ’ 04
R e g is t e r e d ............1890-1905 J -D
99 B e e ’ 02
D e b t ce r ts e x t g 4 s ..........1905 M-N i 0 O % ......... 99*4 M a y ’ 04
R e g is t e r e d ....................... 1905 M-N
9 8 * 4 ......... 9 3 ^ N o v ’ 02
90
91
L a k e S h ore co ll g 3 “a s ...1 9 9 8 F-A
90*2
91
R e g is t e r e d ....................... 1998 F-A
89 * 2 ......... 90
90
M ich C e n t coU g 3 % s___ 1998 F-A
89*4 90
90*4
90*4
R e g is t e r e d ....................... 1998 F-A
91 J a n ’ 03
B eech C re e k 1st g u g 4 s . 1936 j - j 1 08 8a le 108
108
R e g is t e r e d ....................... 1936 j - j 1 0 6 *8 ......... 102 M a r’ 04
2d g u g o ld 5 s ..................1936 j - j 1 0 9 *4 ..........
B e e ch C r E x t 1st g 3*28 61951 A -O
9 1 * 2 ..........
C art A A d 1st g u g 4 s . ..1 9 8 1 J -D
98 * 2 ..........
C le a rf B it C o a l l s t s f 4 s . 1940 J -J
92 * 2 .......... 95 A p r ’ 02
G o u v A O s w e l s t g u g S s 1942 J -D
N Y C en t A H R — (C o n tin u ed )
M oh A M a i 1 st g u g 4 s . .1991
N J J u n e R gu 1 st 4 s . . .1 9 3 6
N Y & P u l s t c o n g u g 4 s 1993
N o r A M o n t l s t g u g 5 s .1916
W e s t S h ore 1 st 4 s g u . . . 2361
119 122
R e g is t e r e d ....................... 2361
L a k e S h ore g o ld 3 * 2 8 ___ 1997
R e g is t e r e d ....................1997
97% 101%
D e b e n tu re g 4 s ..............1928
105 * 107 *2
2
6 89
97
D e t M on A T o l 1 s t 7 s . 1906
. . . . 115 117%
Ka A * G R ls t g n c 5 s .l9 3 8
M a h on C’ l R R 1st 5 s . .1 9 3 4
115 115
P itts M c K & Y l s t g n 6 s .1932
112 117
....
....
....
....
91 %
99
5 s ........................................ 1931
R e g is t e r e d ...................1931
2 101% 107*4
105 105
7 107*4 110%
87
330
5
60
12
6
79
28%
19%
....
....
91
96
. . . . 111 113
. . . . 120% 120%
. . . . 113
104 95
....
118
98
97%
99*4
69 9 6 % 103
22 7 5 % 87
37 9 8 % 107
. . . . 80
88
___ 102 105%
1 86
95
2 10 6 % 112%
2 104% 105
10 99 n o
.... 100 106
10 104 105
___ 1 0 5 % 1 0 9 %
19 1 1 8 % 1 2 3
— 104 109%
3 103*4 i0 9
3 9 1 % 96
____ 101 103%
i 109% 116%
60 111*8 118
286
8
84
91
96%
97
J L & § 1 st g 3 % s ............ 1951
1 st g 3*28 .............................1952
B a t C A S ta r l s t g u g 3 s. 1989
N Y A H a rle m g 3 % s ...
R e g is t e r e d ......................
N Y A N o r th 1 s t g 5 s . ..1 9 2 7
R W A O co n ls te x t5 s .7 i.1 9 2 2
O sw e A R 2d gu g 5 s ...e l9 1 5
R W A O T R l s t g u g 5 3 .19 1 8
U tica A B lk R i v g u g 4 s . l 9 2 2
N Y C h ic & S t L 1 st g 4 s .1937
R e g is te r e d ...........................1937
N Y A G re e n w L a k e See E rie
N Y A H a r See N Y C A H u d
N Y L a ck A W See D L A W
N Y L E A W See E r ie
N Y & L o n g B r See C en t o f N J
N Y & N E
Bee N Y N H A H
N e w Y ork N e w H a v A H a rt—
H o u s a to n ic R c o n g 5 s .. 1937
N H A D e rb y c o n g 6 s . . 1918
N Y A N E 1 st 7 s ........... 1905
N Y A N o rth See N Y C A H
N Y O A W r e f I s t g 4s..firl992
R e g is $ 5 ,0 0 0 o n ly ..........#1992
N Y A P u t See N Y C A H
N Y A R B See L o n g Isla n d
N Y S A W See E rie
N Y T e x & M See S o P a c Co
N o r A S ou th 1st g 5 s ..........1941
N o r f A W e s t g en g 6 s ........1931
I m p r o v e m ’ t A e x t g 6 s . . 1934
N e w R iv e r 1 st g 6 s ........1932
N A W R y 1 st co n g 4 8 .1 9 9 6
R e g is t e r e d ....................... 1996
D iv ’l 1 st 1 A g e n g 4 s . . . 1944
P o c a li C A C Joint 4 s . .1 9 4 1
C C A T 1 st g u g 58 .......... 1922
S cio V A N E 1 st gu g 4 s 1989
N o rth I llin o is See C h i A N W
N o rth O hio See L E r ie A W
N o r P a c—P r io r lie n g 4 s . .1 9 9 7
R e g is t e r e d ....................... 1997
G en eral lie n g o ld 3 s ___ a2047
R e g is t e r e d ................... a 2 047
S t P a u l-D u l D iv g 4 s . . ..1 9 9 6
R e g is t e r e d ....................... 1996
C B A Q c o U t r 4 s S eeG tN or
S t P A N P g en g 6 s . . ..1 9 2 3
R e g is te r e d ce r titic ’ s . . l 9 2 3
S t P a u l A D u l 1 st 5 s ___ 1931
9ri ’ift
191 7
....
....
....
....
....
M-S
F-A
A-O
A -0
j -j
j -j
J-D
J-D
M -S
F -A
J -J
J -J
J -J
J -J
J -J
M-S
M-S
Q-M
J-.T
J -J
M -S
M-N
J -D
M-N
M-N
A -O
A -O
F -A
M-N
J -J
a -6
A -O
5
2
54
....
....
___
12
4
3
1
95
97
10 0
.........
.........
F-A
F -A
F-A
AO
J -D
J -D
J -J
.T-J
J -J
A-O
J -J
J -D
F-A
M-S
J -J
55 N o v ’ 00
105 .......... 107*a O ct ’ 04
10 2 % 102*4 102*8 D e c ’ 04
90 N o v ’04
......... 90
8 5 % Sale
84
86 339
107*2 107% 25
..........1 1 0
102*2 J ’ l y ’ 04
107 M a y’ 97
102*2 O ct ’ 03
106*4 F o b ’ 02
105 O ct ’ 00
95
96% 96
96 %
111
......... 110 Sep ’ 04
113% Sale 113
113*2
99 ......... 102 D e c ’ 03
105*4
82*4 Sale
82
32
121
aSToy’ 03
109*8 A p r ’ 04 ___ 1 0 9 5r 112 *4
1 2 2 * 2 D e c ’ 04 ___
* N o p r ice F rida y; latest bid and asked this w eek ,
121
122 *2
121 J ’ l y ’ 04 ___ m
12 1
106*4 J ’ n e ’ 04 — 105*2 106*4
106 *2 N o v ’ 00
96*4 M ay’ 04
105*8 100
96*4 9 7 *4
S ep ’ 03
i l 3 * 8 ......... 115*2 S e p ’ 04 ___ 113 115*2
117*2 118
117*2 117*4 2 0 115*2119*2
1 0 7 *8 ......... 113*4 J a n ’ 02
106*4
104 105
1 04-^ A p r ’ 04
103*4 i0 4 * i
101 M a r’ 04
105
104. 104-bi
55 1 0 2 * 4 106 "
10 1
i o i 78 i o i 73
38 1 0 0 * 2 105*2
105*4 104*4 105*4
100 B e e ’ 03
M-N ..........I l l
M-N 1 3 1 * 4 .........
F-A 133 ..........
A-O 131*4 132*2
A -O 101 Sale
A -O
J -J * 9 8 * 8 .........
J -D - - - - - 94*4
J -J 1 0 9 * 2 .........
M-N 102 Sale
110 D e c ’ 04
130 A u g ’ 03
132 D e c ’ 04
132*2 132*2
101
101*2
99*4 J ’n e ’ 04
93*8
98*s
94*4
95
112 A u g ’ 04
102
102
10 1
n o
112 *2
___ 132*2 132*2
5 125*4 132*4
129 96 * 102*4
2
—
99*4 99*4
1 98*8 98*8
34 87*2 97*a
. . . . 112 112
4 99*4103
105*4 136 101*2 105*8
Q -J 105*8 Sale 105
104*4 N o v ’ 04 — 101 104=4
Q-J
75*4 Sale
75
75*2 77 70*4 75*4
Q -F
Q -F 7 7 4 * 2 ......... 74*2 N o v ’ 04 . . . . 68*4 75*4
98*4 D e c ’ 04 —
97*8 100*4
J -D ..........100
.T. D
F-A
O- F
F-A
A -O
J -D
Q-M
J -J
125 ..........
1 1 8 * 2 .........
113 ..........
108 ..........
99 ..........
.........
91
1 1 8 *2 ..........
125 O ct ’ 04
L22*4 125
132 J ’ l y ’ 99
112 J ’ l y ’ 03
107 N o v ’ 04 ___ 105*2 108*4
96*2 A u g ’ 04
9 6 ^ 96 ^2
94 A u g ’ 04 —
S5
94
118*2 D e c ’ 04 . . . . 111 119
1 1 5 *2 ......... 115*4 N o v ’ 04
112 .......... 111 N o v ’ 04
1 1 1 * 2 ......... 112*8
110
111
5 105
112*s
117*4
113*2
112*2
104 ..........
100
110*%.........
106 .........
9 2 l4 . .
92*4 95
97*8 98*4
1 1 8 *4 .........
102*2 J ’ n e ’ 04 . . . . 102*2 102*2
102 A p r ’ 02
110*6 U e c ’ 04 . . .. 108 111*2
105*4 J ’ n e ’ 04 —
105*4 108*2
102 N o v ’ 98
92*4 D e c ’ 03
97*4’ D e c ’04 . . . . 95 7a 99*4
IIS
O ct ’ 04 ___ 118 120
115 ..........
115 ..........
96
.........
9 5 * 4 .........
9 6 * 4 .......
9 6 * 4 .........
1 0 7 *2 ..........
113 .........
1 1 2 * 2 .........
Ill
.........
1 0 2 *2 ..........
94 ..........
120*8
1 2 0 % ..........
1 20 123
103 sq .........
108*4 A u g ’ 03
96 J a n ’04 __
102 N o v ’ 00
98*4 A p r ’ 04 . . . .
113
113
112*4 N o v ’ 04
110 A u g ’ 04
104 *2 O ct ’ 04
93 *2 Sep ’ 04
127 °8 O ct ’ 02
121 M a r’ 04
119 A p r ’ 04
107 *2 M a r’ 04
96
96
98*4
98*4
1 108
113
. . . . 109*4 112*4
....
. . . . 101*2 104*2
....
90
93*2
no no
__
___
121 121
119 119
104*2 107*2
1 1 2 *8 .......... 111*2 Sop ’ 04 ___ Lll*2 111*2
106 A u g ’ 03
4
102*2 Sale 102*4 102*2 66 94*2 i 0 3 3
B O N D S — C o n tin u e d o n N e x t P a g e
105
95*4
69
69*2
106*8
107*2
103
91
88
107%
102*2 102*2
A.m T e le p A T e l co ll tr 4s 1929
Com m C able Co 1st g 4 s . .2 3 9 7
E r ie T A T co l tr g s f 6 s . .1 9 2 6
M et T A T 1st s 1 g 6 s ........1918
N Y A N J T e l g e n g 5 s . .1 9 2 0
W est U n ion co l tr c u r 5 s . 1938
Fd and real e s t g 4 *28...1 9 5 0
M u t U n T e l 8 fu n d 6s. ..1 9 1 1
N o rtliw T e l g n f 4 *28 g . . l 9 3 4
.Tan ’ 00
.H a n il l a d u r in g & In d u s t r ia l
A m C ot O il e x t 4 *2 8 ............1915
102 11 2 % Am H id e A L 1st s t g 6 s . .1 9 1 9
101*2 113*2 A m S p irits M fg 1st g 6 s . . l 9 1 5
Am T h rea d 1st col tr 4 s . . . 1919
100*2 105*4 A m T o b a c c o (n e w ) 6s T r Co ctfs
4s M orton T r u s t Co c t fs .........
66*2 84*4
Har A S Car Co 1st g 6 s. ..1 9 4 2
a D ue Jan
I) D u e Feb
105*4
82*4
H ig li
n 106*4 110
iio
iio
3 105*2 110
109*2 n o
4
100
100
98 102
99 *2 D e c ’ 04 ___ 98 100%
100*4 101*4 7u 98*2 1 0 i 7s
114 F e b ’ 02
Telegraph and Telephone
j -j
M-N
R ange
S in ce
So
-QG J a n u a ry 1
Q
Low
H igh No Low
107^2 J ’ l y ’ 00
105 O ct ’ 02
1 0 5 * 2 N ov ’ 01
M-S
M-S
O
M IS C E L L A N E O U S
B id
A sk
1 0 4 *4 ...........
104 .........
1 0 1 *2 .........
100 ..........
1 10 Sale
108 .........
100 Sale
99*g 100
101*4 Sale
105 ..........
124 .........
1 2 0 *8 .........
1 3 2 *2 ..........
129 ..........
120 ..........
1 1 0 *8 ..........
1 2 2 « a ..........
1 2 1 *4 .........
107=8.........
W eek’ s
R a n ge or
L a st S ale
1 2 4 * s ......... 131*4 A p r ’ 03
1 0 7 * 2 .........
1 0 2 * 2 ......... i o i 7s N o v ’ 04
P
....
....
P r ic e
F r id a y
P e c 16
M-N
M-N
j -j
1st c o n s o l g o ld 4 s ..........1968
W a s h C en t 1st g 4 s ..........1948
N o r P a c T e r C o 1 st g 6 s . .1 9 3 3
N or R y Cal See So P a c
123*4 128% N o r W is See C St P M A O
N o r A M o n t See N Y C en t
121 130
In d A W See C C C & S t L
90
96*4
h io R iv e r R R 1st g 5 s . 1936 J -D
113% 116%
'G en era l gold 5 s ..................1937 A-O
8 8 % 92%
101 101
O re A C al See So P a c Co
O re R R A N a v See U n P a c
O re S h ort L in e See U n P a c
O sw eg o A R om e See N Y C
O C F & S t P See C A N W
a c C oast C o 1 s t g 5 s ___ 1946 J -D
a c o f M is s o u ri See M o P a c
120 124% P anam a 1 st s fu n d g 4 % s . . 1917 A -O
S in k fu n d su b s id y g 6 s . .1 9 1 0 M-N
n o % ii5 * 4
P en n Co— G u a r 1 st g 4*23.1921 j - j
R e g is t e r e d ....................... 1921 j - j
113% 113%
G u a r 3*28 c o ll tr u s t re g .1 9 3 7 M-S
113 113
G uar 3% s co ll tr ser B ...1 9 4 1
T r Co c e r t if’ s g u g 3 *23.1916 M-N
100 104
C S t L A P 1 st con g 58.1932 A-O
73
82
R e g is t e r e d ........................1932 A -O
Cl A P gen g u g 4 * 2 S s e r A .’ 42 J -J
S eries B ............................. 1942 A -O
S eries C 3 * 2 8 ....................1948 M-N
S eries D 3 *28 ....................1950 F -A
E rie A P itts g u g 3 % s B .1 9 4 0 J -J
96*4 101*4
S eries C ............................. 1940 J -J
98 100%
N A C B d g e g e n gu g 4 * S 1945 J -J
2
100 101
P C C & S t L g u 4*28 A . . . 1940 A -O
S eries B g u a r ..................1942 A-O
99% 101%
S eries C g u a r ..................1942 M-N
S eries D 4 s g u a r ............1945 M-N
86
93%
S eries E 3 * 2 g u a r g ___ 1949 F-A
86
99 %
P itts F t W A C 1st 7 s . ..1 9 1 2 J -J
85*4 91%
2d 7 s .................................... 1912 J -J
3d 7 s .................................7il912 A-O
104 108
P en n R R 1st rea l e s t g 4 s . l 9 2 3 M-N
102 102
C on sol s te rlin g g 6 s ........ 1905 J -J
Con c u r r e n c y 6 s r e g . . .0 1 9 0 5 Q-M
C on sol g o ld 5 s ....................1919 M-S
C on sol gold 4 s ....................1943 M-N
C o n v e rtib le g 3 * 2 8 ............ 1912 M-N
.... 111% 111%
. . . . 91
95
N
C on i and Iron
C ol C A I D e v C o g u g 5 s .l9 0 9
C ol F u e l C o g e n g o ld 6 s . .. 1919
C ol F A 1 C o ge n s f g 5 3 .-1 9 4 3
C o n v e r tib le deb g 5 s ___ 1911
T r u s t Co c t f s ............................
C o n tin ’ta lC 1st s f g u 5 s g .l 9 5 2
G r R iv C oal A C I s t g 6 s . . l 9 1 9
J e ff A C lear C A 1 1 s t g 5 s .1926
2d g o ld 5 s .............................1926
K a n A H C A C 1 st s f g 58.1951
P le a s V a l Coal l s t g s f 5 8 .19 2 8
T erm Coal g e n 5 s ................1951
T e n n D iv 1 st g 6 s ........a l9 1 7
B lrm D iv 1 st c o n s o l 6 s ..1 9 1 7
; Cali C M Co 1 st g u g 6 s .l9 2 2
D e B a r C A 1 Co gu g 6 s .1910
V i r o n C oal A C o 1 st g 5 s .1949
W h a L E * P C O 1 st e 5s. 1919
BONDS
N. Y . STOCK E X C H A N G E
W e e k E n d in g D ec 16
No Low H ig h
___ 105% 105%
___ 123*4 131*4
1 2 4 > s l2 4 %
105
D e c ’ 04
no
M c K ’ p t & B V See N Y C en t
M e tro p o lita n E l See M an R y
R an ge
S in ce
J a n u a ry 1
2685
ln t'st
P eriod
P r ice
F r id a y
D ec 16
B on ds
Sold
l n t ’ st
P eriod
BONDS
N. Y . STOCK E X C H A N G E
W e e k e n d in g D eo 16
Bond Becord—Continued--Page 8
91*4
96*2
e Due May
g D uo
j
ue
TiDue
J -J
?:j
rvi-N
M-N
J -J
M-N
M-N
J -J
Q -F
M-S
M-S
J-J
J -J
J
'iy
94 J ’ n e ’ 04
100% A p r ’ 02
109 O ct ’ 99
109% J ’ n e ’ 04
109*210 4 *2.
105*4 J ’l y '03
112% 112*4
112 .
104*2 104*8 104*2 104*4
107 J ’ n o ’ 04
107*4 103 J ’ l y ’ 04
102*4 92
....
90
94
109*4 109*4
10 105
IS 10 1 %
107
100
112*4
106%
107
103*4
100 D e c ’ 04
95
100
9 70
96
96
96
1 82
96*12
........ . 96VJ
87 D e c ’ 04
74
90
110% 329 106*4
Sale 109%
69
72 % 1417 63 °8
71*4 S a le
105 .Tan ’ 00
100
98%
97%
88
112%
76
99*2
95
95
87*2
109*8
p D ue N o v
s O ption sale.
Bond R
ecord— Concluded— Page
208G
BONDS
N . V. S T O C K E X C H A N G E
W e e k E nding D eo 10
-o
P e n n R R —(C o n tin u ed )
A lie g V a l gen gu g 4 8 ...1 9 4 2
01 & M ar 1st gu g 4 X S ..1 9 3
B 8 K E & B g e 1st gu 4s g . ’ 3
O r Rcfe I ex 1st gu g 4 X s l 9 4 1
Phila Bal & W 1 st g 4 s .. 1943
R e g iste re d 4 s ................1943
M -S
M-N
F -A
J ■J
M -N
M -N
J-J
M -S
P rice
F rid a y
D e c 10
B id
A sk
10418 __
1 08
101
110X 112
107X 1073.1
101%
111%
W e e k 's
R ange or
L a st .sa le
S j
Oc
LOW
li i(jh B o
102 N o v ’97
1123.1 M a r’ 00
R ange
S in c e
J a n u a ry 1
Low
H ig h
HO
OCt ’ 04
lo g ^ i 16
1 0 7 % N o v ’ 0 4 ~... - 1 0 7 X 1 0 7 %
1 1 0 % Sep ’ 04 . . . .
u o x n i
1213,
954,
106%
121
lll^
120 L N o v ’04
101
J’ l y ’ 04
109 A p r ’ 02
1 2 1 38 D e c ’ 04
H I
N o v ’04
1 1 2 14 Oct ’ 04
J0 0 1 2 3 to
98
10 L
J -D
J -D
1 17
123 X
119 X A p r ’ 04
137
X o v ’ 97
j .j
A -O
1 22 X
111
120
Oct >01
1 1 2 X D e c ’ 02
A -O
J -J
1 17
116
1 1 4 X Sep ’04 a__ 1 1 4 X 1 1 7 %
98 J ’ I y ’ 97
P e o <fc E a s t See C C C & S t L
P e o & P ek U n 1 st g 6 s -----1921 O- F
2d gold 4 Xs................... b19 2 1 .\?-N
Per© Mart}—Oil & W M 5s 1921 J -D
A -O
M-N
A-O
F -A
S a g T its & H 1st, gu g 4s. 193
P h il B < W See P e n n R R
fe
P h il a < R e a d in g co n s 7 s. 191
fe
f i n e C reek r e g gu ar 6 s . . .1 9 3
P itts Cin < S t L See P e n n C
fe
Piths C le v e < T o l See B & O
fe
P itts F t W & Ch See P en n C
P itts J u n e 1 st go ld 6 s ........192
P it ts & W est See B & O
P itts Y & A s h 1 st co n 5 s — —
T> ea d in g Co gen g 4 s .......1997
JtV R e g is te re d ..................... 1997
J e r s e y C en t c o ll g 4 s . ..1 9 51
R e n ss e la e r < Sar See D & H
fc
R ich & D an See S ou th R y
R ic h & M e e k See S ou th ern
J -D
J -J
J -J
109
72
J -J
•J -J
ag Tus & H
lls
122
107% 1 1 I X
1 0 9 X 119%
1 1 9 X 119 X
M-N 1 1 4 X
1 1 7 X O ct ’ 04 . . . . 1 1 4 % 11 7%
J-J 1 02 X Sale 1 0 2 X
1 0 2 X 176 9 4 % 102%
★
J -J
1 0 2 14 100 N o v ’04
98
100
15 9 1 % 99
A 0
98
9 8 X 98
*94
1 0 3 34 M ay’ 04
101 X N o v ’ 01
J -J
J -J
A -O
R io g r So 1 st go ld 4 s ......... 19
G u a ra n te e d ........................19
Rock. & P itts See B R & P
R o m e W a t & O g See X Y Ct
s
....
n o x m x
1 1 1 X J ’ l y ’ 04
68 J ’ne’04 . . . .
63 X 68
... 8 7 X 8 7 X
8 7 X Sep ’ 04
95
94^3 DeG’ 04
77
103% 1 04
See P e r e M arq
gt L < C airo See Mob & Om
fe
St L < Iro n M o u n t See M P
fe
84
M X
S t L K C & N See W a k a sk
S t L M B r See T R R A of S t ]
G e n e ra l go ld
R e fu n d in g
M-N
M-N
J -J
6 s ..........
J -J
J -J
A -O
J -J
g 4s.
J -D
M-N
R y ref g 4s 1931 A -O
B 1st gu o s . 192i A -O
KCFtS&M
K C <fc M R &
S t L o u is So See I llin o is C en t
10S®3
1033s
1 30
114%
l o e x o c t ’ 04
1 0 3 % J ’no’ 04
1 29 D e c ’04
114^2 1 1 4 ^
101
9 9 X N o v ’04
99%,
9 8 58 N o v ’ 04
8 9 % Sale
89 "
89X
9 6 D e c ’ 04
1 25 X 1*2 6 % 1 2 6 X N o v ’ 04
88
Sale
86
883
4
1 0 2 ’a
M-N
J -J
J -D
J -D
St P a u l < D u l
fe
R e d u ce d to go
R e g is t e r e d ..
st gu
ire d ..
1 st gu a r go ld 5 s.
StP&NorPac
A -O
J -J
J -J
J -J
J -J
M-N
J-D
J-D
A -O
A -O
J -J
.1937 J -J
J -J
J -J
J-D
98
82
So Car < G a
fe
R e g is t e r e d .
2d g o ld 7s.
91^100
7 0 X 85%
6 5 X 83
5 1 0 7 % 112
11034
11034
1 3 4 % O ct ’04
1 30 1 3 4 %
1 4 0 wM av’ 02
111 X N o v ’ 04 ___ 1 0 7 X 1 1 2 3 4
112
111%
103X
10 1 0 9 X 1 1 1 3
4
1 00
104X
103%
111X
111X
lOB1 D e c ’04
?
1 06 M ay’ 01
1 0 2 % O ct ’04
125%
1343
4
128
135
A p r ’ 02
A p r ’04
118
119 X
117
J a n ’04
1 1 4 tj 1 1
117
117
Jan ’04
1 10
1 03 X
110
J-J
1 05
84 X Sale
1 02 ^
98
105
102
108
1 09 X
112 X
111
111X
83 X
84 X
IU2
102A
98
N o v ’04
100
se p ’00
102% 104 X
__
133
135%
113% D e c ’01
A -O
M-N
J -J
J -J
J-J
J-J
J -J
J -J
J -J
J -J * 1 0 3 X
See S ou th ern
188
....
141
103X 106X
103X 103%
1223 129
4
11 0 1 1 4 tj
96
99 X
9 8 ^ 1 00
79X 90X
94
9 8 ^2
11 9 X 126 X
78
89
112
J-J
ii-S
S ca b & R oa 1 st 5 s ............... 192
Slier S h r & So See M K <fc T
10
12
97^
98
85
D e c ’ 04
79*4
8 1 X 176
Sale
85%
1103s
134 %
Nee N o r P a c
S A < A P See So P a c Co
fe
S F & X P 1st s in k f g 5 s .1
S a v F & W e s t See A t l Coa
S cio to V a l & X E See N o r c
S eaboard A ir L in e g 4s . . . 1
C oll tr re fu n d g 5 s ..........1
Car G ent 1st con g 4 s . . . 1
....
J -D
J -D
J -D
J -J
F -A
i F -A
J -D
F -A
J-D
M-N
M-N
M-N
M-N
10 4 34 -T’ Iy ’ 04
112 X N o v ’0 4
100X
93 ^
85%
1 04
98
.....................
J a n ’ 03
1 0 0 % 34
94
118
1 1 0 34 11034
3
101X
1 0 i x 10
99 l4 M a r’03
89
8 8 X D e c ’ 04
Sale 1 1 0 X
9
1 12 X
103
Sep ’04
1 1 2 X 113 N o v ’ 04
110
O c t ’ 04
1 0 4 X l> e c ’04
103 X J ’l y ’ 04 —
110 % Sale
1 0 1 X Sale
88
1 1 °X
99 X
1 1 1 34
105X
104%
1033
4
65
96
91
104% 104%
102
112X
1 0 5 1> 1 1 0 3*
l l l x M ay’ 03
4
102
1 0 0 X Sale
Sale
94
6
21
110
97% 102X
85 3^ 94i<2
97
113%
9 7 X 102 X
84
89
101 112X
100X 103%
1 0 5 % 1 13 X
105
11(1%
104X 107X
103X 103X
M ISC E LLA N E O U S
M anufa ctu ring ifc Industrial
C on sol T o b a c c o 5 0 -y r g 4 s .lS 5 1
R e g is t e r e d ...........................1951
D is til S e c C or c o n v 1st g 5 s . ’ 27
ID istill o f A m e r co ll tr g 5 s. 1911
XU S teel Co deb 5 s ................ 1910
N o n -c o n v d eb en 5 s ..........1913
I n t P a p er Co 1 st con g 6 s .1918
I n t S t P u m p 10-yr c o n v . 6s ’ 13
K u ic k e r Ice (C h ic) 1 st g 5 s .’ 28
L a ck a w S teel 1st g 5 s ___ 1923
X a t S ta rch M fg C o l s t g 6s 1920
N a t S ta rch C o s t d eb 5 s . .1 9 2 5
Stan R o p e & T 1st g 6 s . ..1 9 4 6
iiT com e g o ld 5 s ..................1946
U S Leatli Co s f d e b g 6 s . .1 9 1 3
U S R ea lty & I c o n v deb g os ‘ 24
U S S teel C o r p l0 -6 0 y r o s . d ’ 63
R e g is t e r e d ............. A p r il 1963
4
BONDS
N. Y . STOCK E X C H A N G E
W e e k E n d in g D ec 16
[V O L . L X X IX .
wk
P rice
tria a v
D e c 16
Week* 8
R a n g e or
L a s t S a le
Lanqe
S in c e
Ja u n a ry 1
i-J
So
B id
A sk L ow
t6 1
H i g h -A 1 L o w H L ja
Southern P ac Co— (C o n t i n u e d )
1 0 1 10
1 1 2 X 1 1 3 X 113
113
H & T C 1st a 5s Int g u . . 1937 J -J
113%
D e c '04
A -O
i 1 ‘2 113
........113 X 113
a -O
95
.......... 93
D e o ’04
9 0 ki 96
127 X F e b ’ 02 . . . . 1
129 % 1 2 0 %
M o rg a n ’ s La & T 1 s t f s . 1 9 1 8 A-O 1 2 9 X .......... 129 X N o v ’04
.......... 122 D e c ’ 04
J -A 121
121 1 2 2 %
A-O
, J
Sep ’ 04 , * - : 1 0 4 % i(J7
N o of C al 1st gu g 6 s ___ 1907 j - j 105 X .......... 106
1 16 X .......... 113 J a n ’ 01
.......... 102 N o v ’ 04
100 1 02
Ore < Cal 1 st guar g 5s. 1927 j - j 1UI
fc
8 8 % Sale
88
89 I 16 70
90 %
110% ;
105 1 1 0 %
So P of A r g u l s t g 0 8-- -C1909 j - j 1 0 9 % .......... 1 1 0 X
2 105 % 111 %
n ix
;r-.T 1 1 0 % 1 1 1 % n i x
100% 102
S P of Cal 1st g 6s
___ 1905 A-O 100 X .......... 1 0 0 % O ct ’ 04
O ct ’ 03
1 0 1 % .......... 102
104.-4 Sep 504
ltJ9.
1 «f rr Ar
ar H & T>
19 0 A
102X
1 1 3 % .......... 113
Oct ’04
) 12 X 1 1 5 %
114X 114%
A-O 1 1 3 % .......... 1 1 4 X A p r ’ 04
F e b ’ 04
119 119
1st con guar g 5 s ..........1937 M-N U S X .......... 119
1 0 7 % .......... 107% D e c ’ 04
107
n o 1
*
108
108%
S P ac of N M ex 1 st g 6 s ..1 9 1 1 J-J * 1 0 9 % .......... 1 08 Sep ’ 04 —
1 0 1 % .......... 103
Oct ’ 04
101
103
T e x & N 0 1 st 7s
...1 9 0 5 F -A
.......... 109
Sep ’04 . . . . 1 09
109
Sabin e D iv l s t g 6 s ___ 1912 M -S 1 10
.......... 103 Jan '0 4
.T-.J 1 06
103
103
103 111
.T - .| 119
Sale 119
119%
120
110 F e b ’ 04 . . . . 1 0 8
* .......... 117
no
R e g iste red ........................1 9 9 4 j - j
97 l4 D e c ’ 04 —
9 6 % 98
92% 97%
M ob & Ohio c o llt r g 4 s . .1 9 3 8 M -S
.J- .T 1 1 7 % .......... 1 1 7 % D e c ’ 04
1 14
117%
99
.......... 99
D e c ’ 04 ___
93% 100 X
S t L ou is d iv 1 st g 4 s ___ 1 95 1 j . j
1 1 8 X .......... 118 X N ov ’ 04 ___ 115
118%
A la Cen R 1 st g 6 s .......... 191 8 j - j
5 91% 97%
97 ^
A t l & D a n v 1 s t g 4 s ........ 1 9 4 8 j - j
9 6 X .......... 9 7 ^
90 X D e c ’ 04
........ ........... 194 8 J .J
9,5 4s
89% 90%
93
.
A -O
.......... 1 18 M av’ 04
J- J 117
118 I l8
.......... 116 X Oct ’04 .... 113
116X
E T V a & G a D iv g 5 s . .1 9 3 0 j - j 1 1 6
8 117
Sale 121
121
121%
Con 1 st gold 5 s .............. 1 9 5 6 M-N 1 21
113
.......... 1 1 2 % N o v ’ 04
109
112%
M -S
124
.......... 1 2 5 % D e c ’ 04
il8 % J25%
J -J
1 2 4 3 .......... 1 24 %
4
1 120
124%
125
K n o x <& Ohio 1 st g 6 s . . . 192 5 J -J
119
118
O c t ’ 04
114 118
R ich & D a n con g 6 s ___ 1915 J -J 1 18
in % n -2 %
D e b 5 s sta m p ed .............. 192 7 A-O 1 1 0 % .......... 1 1 1 % D e c ’ 04
M-N
8 7 ^2 J ’ly !04
87
87 84
M-N 1 0 8 X 1 0 9 % 108 N o v ’ 04
103X 110%
M -S 1 14 X .......... 123 F e b ’ 02
O c t ’ 04
lo y
no
S eries D 4 -5 s .................. 1 92 1 M -S 1 08 X .......... 1 09
Jan ’ 03
M -S 1 1 1 % .......... 115
116
D e o ’ 04 ___ n o
117
G eneral 5 s ........................1 9 3 8 M-N 1 14 1 16
n O X M .a y ’ 0 4
n o m i2 ^
M -N ’
92
.......... 9 3 D e c ’ 03
F-A
D e c ’ 04 . . . . 1 1 2 X 1 1 7
W e s t N C 1 s t con g 6 s . . 1914 j - j 1 1 6 % .......... 117
S * N A la See Life N
!
J - ,j 125 1 30
117 J ’ l y ’ OO «
9 7 3 . . . . . . 1 0 0 N o v ’ 04 —
4
100
160
S tat Isi R y 1 st g u g 4 X S ..1 9 4 3 J-D
Svra B m g & N Y
See D L < W
fe
.......... 110
M ay’ 04 . . . . n o
A -O 1 0 9
110
119 X .......... 118
O c t ’ 04
F -A
112% 118%
4 98 100%
G en refund s f g 4 s ..........1953 j - j 1 0 0 % .......... 10U34 100%
A -O 1 1 2 % .......... 112 X J ’l y ’ 04 __ n o
112%
T e x < N O See So P ac Co
fe
2 1 00
102
M -S 1 0 1 X .......... 1 0 1 X
1 0 ix
3 115
119%
119%
1 22
1 st gold 5 s ............................20 0 0 J-D 1 1 9 % 1 2 0
95
D e c ’ 04
80
98
2 d gold inc 5 s ....................$20 0 0 Mar .......... 9 7
J -J
l i o x .......... 109 ^ A u g ’ 04
1 08
110%
1 06 X N o v ’ 0 4 . . . . 101 1 0 6 %
W M i n W & N W l s t g u 5 s ’ 30 F -A * 1 0 1 % ..........
115
.......... 1 1 5 X D e c ’04
112% 1 1 5 X
Tol A n C I S , g 5s ............193 5 J -J
r.
T
in
W e ste r n D iv 1 st g 5 s . ..1 9 3 5 A -O 1 1 0 34 .......... 111 M ay’ 04 . . . . i n i
Sep ’04
103X 107%
J -D 10? X .......... 107
96 X .......... 9 6 X D e c ’ 04
91
96%
A-O
10 8 6
93
.......... 9 3
94
95 ~
T ol P < W 1 st gold 4 s . . ..1 9 1 7 j - j
fc
90
9 0% 10 8 1
90%
T ol S t Life W pr lien g 3 X s . 1925 j - j .......... 90
83
Sale
84
50-year gold 4 s ..................1 95 0 A-O
82 X
83 X 53 6 8
94
95%
J -D
95 X .......... 9 5 % Sep ’ 0 4
112
i 106 % 113
I lis te r & D el 1 s t con g 5s 1 9 2 8 J -D 1 10
111
111
93 X .......... 9 4 % D e c ’04
A -O
9 1% 9 4 %
1 0 6 % Sale 106
1 0 6 % 134 100% 1 0 6 %
U n P ac R R & 1 g r g 4s ...1 9 4 7 J -J
J -J
1 0 4 % D e c ’ 04
111% 7975 9 4 X 1 1 6 %
1 st lien co n ve rt 4 s .......... 1911 M-N 110^4 Sale 1 0 6 %
1 1 5 % N o v ’ 04
96% 115%
M-N
5 9S X 104%
102%
Ore R y cfc N a v con g 4 s . 1946 J-D 1 0 2 % 1 0 2 C 102
126
6 1 2 0 % 126
Ore Short L in e l s t g 6 s . . 1922 F -A 1 2 6 Sale 126
1 2 0 % 16 111
120%
1 st consol g 5 s ................ 1 94 6 J -J * 1 2 0 % 1 2 1 % 1 1934
23 9 0 % 1 0 4 %
104
4s & p a r tic ip a tin g ___ 1 92 7 F -A 1 0 3 34 Sale 1 0 3 %
U tah & N o r 1 st 7 s .......... 1 9 0 * J -J
1 1 0 X .......... 112 D e c ’03
1 05
.......... 1 1 4 X A p r ’ 02
Gold 5 s ................................1 92 6 J -J
U n i N J R l i & C Co See P a R R
U tah Central See Rio G r W es
U tah & N o rtli See U n Pacific
U tica ife B lack R See N Y Cent
er V a l In d & W See M o P
\ Irginia M id See South R y
no
.......... 110 D e c ’ 04 ___ 1 0 0 X 1 1 0
V a <fe~Southw’t 1st gu o s .2 0 0 3 J -J
117% 29 1 1 4 X 1 1 9
\ \ I abash 1 st gold 5 s ........ 1939 M-N 1 1 7 % Sale 117
5 106% i n %
111
VV
2d gold 5 s .................... 1939 F -A 111
sa le 1 1 0 %
94
95
95
J ’l y ’04
D ebenture series A ........ 1939 J -J * .......... 100
J -J
799 56
70%
Series B ..............................1939
.......... 102 Jan ’04
102
102
1 st lien equip s f d g 5 s . .1 92 1 M -S 1 03
i 106% 112%
D e t & C h E x t 1 st g 5 8 -.1 9 4 1 J -J
1 12
1 14
112
112
90
97
Dea M oin D iv 1 st g 4 s . . 1 9 3 9 J-J
97
N o v ’ 04
3 79% 85
Om D iv 1 st g 3 X s ............ 1941 A -O
85
Sale
85
85
95
95
_
T ol < Ch D iv 1 st g 4 s . . . 1941 M -S
fe
95
N o v ’04
lO b 1 M a r’O
^
:-'
A -O 101 *4
W arren See D el L a c & W e s t
W a sh C en t See N or P ac
W a sli 0 & W See Southern
89
9 0 3! 909
W e s t M ary lan d 1 st g 4 s . . . 1 9 5 2 A -O
84
9 0%
90
Sale
11934 ......... 1 1 8 X N o v ’01
W e s t N Y < P a 1 st g 5 s . .1 9 3 7 J-J
fe
115
118X
93
963s
G en gold B A s ...................... 1943 A-O
96%
96%
9 6 ;js
N ov * .......... 30
4 0 M ar'01
W e s t N o Car See South R y
1 12
W V a Cent < P 1 st e 6 s . .1 9 1 1 j - j 1 1 2
fe
.......... 112
S e p ’ 04 __ 1 11
10 |l09% 1 14
W h e e l's < L E 1 st g 5 s . . . 192 6 A -O 1 13 X .......... 1 14
fe
114
W h e e l D iv 1 s t gold 5 s . .1 9 2 8 J -J
1 13
.......... 1 1 0 % M ay’ 04 __ 1 1 0 % 110 %
1 (9
109
E x te n ife Im p gold o s . ..1 9 3 0 F-A 1 09 X .......... 109 A p r ’ 04
103
20-vear eq u ip s f 5 s ........ 1922 J -J * ..........102 X 1 0 0 % A u g ’ 04 __ 100
94
1 st consol 4 s ........................1941 M -S
93 X Sale
9o St
U3 S2 66 86
W ilk e s & E a st See E rie
W il & S iou x F See S t P M &
z
W is c e n t 50-yr 1 s t gen 4 s . 194 9 J -J
9 2 X Sale
92%
92 X 20 8 8 V 9 3 l4
B O N D S —Concluded.
Miscellaneous
F -A
77% Sale
A -O
J -J
J -J
A -0
F-A
J -J
A-O
7 8 Sale
9 7 % .........
9 3 % .........
9 2 % .........
108% 109
IO 434 1063a
F-A
AO
M-N
J -J
F -A
M-N
J -J
M-N
M-N
N o p r ic e F rid a y; la test bid and asked.
10534 Sale
87
90
.......... 73
43
48
5
7
111 ..........
95*4 Sale
91% Sale
913a Sale
aD ueJan
4
82% 121 5334 8 5 3
D e c ’ 04
57% 85%
79% 193 6 1 X 80
Sep ’ 03
Jan ’ 99
F e b ’ 04
92
92
109
8 105% 109 X
D e c ’ 04
97 105
O ct ’ 04
97X 97X
105% 15 92% 106
Sep ’ 04
87
90 X
N o v ’ 04
63
75
35
52
D e c ’ 04
8
9%
6X
IX
10 7 3 4 113 X
D e c ’ 04
953 4
97
46 80
97%
88%
92% 4911 68% 95%
i 68% 95%
90%
92
77%
85%
77
93
99
92
109
104
97 X
105%
90
75
49%
6
110%
....
....
A da m s E x col tr g 4 s ..........194S
A m D k & Im p os See C en t N J
A m SS Co o f W V a g o s ___1920
B ’ k l’ n F erryC o 1st c o n s g o s ’48
C liic J c Ji St Y ard col g o s . 1915
D et M & M Id g r in c o m e s .. 1911
H ob ok en L«fc 1 gold 5 s . ..1 9 1 0
M ad Sq G arden l s t g 5 s . .1 9 1 9
M an Bell H & L gen g 4 s .. 1940
X e w p N e Sh ip & D I) 5s <11990
N Y D o ck 5 0 -y r 1st g 4 s .. 1951
St J o s e p liS tk Y ds l s t 4 X s . l 9 3 0
S t L T e r C u p p les S ta t’u A- P rop
Co 1st g 4 X s 5-20 y e a r .. 1917
S Y u b a W a t Co co n g 6 s .. 1923
Sp V a l W a t W o r k s 1 st 6s. 1906
U S R ed < R e f 1st s f g 6 s . 1931
fe
M-S
103X104
M-N
F -A
100% J ’ n e ’ 02
......... bo
Go
63
100
......... 107% N o v ’ 04
78 N o v ’ O-i
74
79
J -J
A -O
M-N
103X
103 X
3 100
1
104
60
66%
107% 107%
7 6 X 83
M-N
M-N
50
F e b ’ 02
93
D e c ’ 04
J -J
F -A
93%
95
89 X
93
J-J
J -D
J -J
M-S
112 J ’ l y ’ 04 .... 112
9 S X .......... H 3 X J ’ i y ’ 00
81 D e c ’ 04 . . . . 70
112
81
b Due F eb c D u e M ar d D ue A pr A D u e J ’ly fc Due A u g o Due Oct p Due N o v q D ue Deo $ O ption sale
2687
THE CHRONICLE.
D eo . 17, 1901.]
In du stria l an d i i i s c e .
A sk
Bid
Compressed A ir Co. ..1 00
%
%
60
66
Consolid Car H eating 100
15
HCons F irew ’ks com .100
65
IIP referred............... 100
4%
Cons R y L tg & R efrig . 100
4%
1
%
Consol R ubber T ir e ..100
14% 15%
D ebenture 4 s.................
10
Cons Storage BatterylO o
Cont T obac deb 7s’ 05A-O § 101 % 10 2 %
29
25
Cramps’ Sh & En BldglOO
p
8%
[[Crucible S teel........... 100
47% 48
HPreferred................ 100
1 0 0 % U il%
Cuban Os of 1896
[D ia m on d M atch Co. 100 134%
13
is "
Dom inion S ecu rities.100
40
45
E lectric B oat...............100
70
72
P re fe rr e d .................. 100
E lectric L ea d R ed u c’n.50
%
%
P r e fe r r e d .................... 50
1%
13
E lectric V eh icle..........100
22
P re fe rr e d .................. 100
i.
E lectro-Pneum ’ic TranlO t
10 '
Em pire Steel...............100
45
50
P re fe rre d .................. 100
60
65
HGeneral Chemical ..1 0 0
H Preferred................ 100 100 102 _
Gold H ill C o p p e r ......... 1 t
5,
%
G reene Con Cop S e e B ost Stock E x c h
7%
8
G reene Consol G o ld ... 10
10
18
HackensackM eadowslOO
H ackensack W ater Co—
R e f g 4s 52 op 1 2 ...J -J 594% 95
88
91
H all Signal C o ...........100
12
H avana Com m ercial. 100
36
P r e fe rr e d .................. 100
32
34
H avana T obacco C o ..100
42
P referred ................... 100
44
Hecker-Jones-J ew ’l M ill
1st 6s 1922...............M-S 102 105
1
H errm g- H all-M arvin 100
%
30
40
1 st preferred............. 100
3
6
2d preferred............. 100
H oboken L a n d * ImplOO 200
5102 103%
H5s 1910.................. M -N
H ouston O i l ................100
1%
15
17%
P r e fe rr e d ................ .100
100
170 173
H udson Realty
155 160
200
In tern at’lB a n k in g C ol 00
1 2 % t ‘2%
98
95
In t’ n ’IM e r c M a r in e .100
27% 28
60
63
P re fe rre d .................. 100
85
89
92
87
Col tr deb 4% 1922op’ 07
20
25
22
International Salt___ 100
62
76% 76%
o4
1st g 5s 1951...........
8
10
International S ilv er. 100
37
40
P r e fe rr e d .................. 100
§101 103
5
4
1st 6s 1948................ J-D
106 108
Lanston M on otype___ 20 t 11% 1 2 %
E xch list
Law yers M ort fn su x.10 0 195
75
70
Law yers’ T itle I n s ...1 0 0 340 350
92
> 89
L ord & T aylor p ref ..1 0 0 103 105
5108 110
HLoriilard (P ) pref ...1 0 0 135 140
38% 39
5109 111
M a ck iy Com panies ..1 0 0
73
5104
74
P r e fe rr e d .................. 100
15
60
40
16
M adison Sq G arden.. 100
60
5 91
95
2d 6s 1919...............M -N
9% 11
32
30
HManhatt B each C o .100
93
90
4
M anhattan T ra n sit___20 t 3%
M ergent’le r-H ’ n Bskt. 1
9%
93% 93%
M ex G overnm ent n ew 4s
6%
M ex N at Construe.ptlOO
4 V,
7% M onougahela R C oa l..50
28% 30
4
0%
P r e fe rr e d .....................50
1
100 109
M ont * Boston Consol .5
1%
90
93
1U
O
M osler Safe C o...........100
20
1]Nat Enarn * Stamp 100 X 19% 2 2 %
6.7
H Preferred.................100 x 83
125
§ 9 5 1 95% N ational S u rety .........100 115
4
42
45
HNew Central C o a l___20
35
38
N Y B iscu it 6s 1911. M-S 105
140 150
N Y M tge * S ecu rity. 100
99% 100
18% 24
HNew Y ork D o c k ___ 100
49% 52
150
H P re fe rre d ............... 100
7%
127 127% N Y T ran sp orta tion ...2 0
8
1
37
[ 34
L%
N or A m Lum ’r APulplOO
3%
4%
78
t 74
[O n tario S i lv e r .........100
42
46
Otis E levator com ___100
9d % lo o
P re fe rre d ......... .........100
99% 99%
10
E xch list P h oen ix M in in g .............. 1
14
26 % 26 %
45
P ittsbu rg B rew in g ___ 50
46% 46%
P r e fe rr e d .....................50
)
21 % 9,_
91% 92
P ittsb u rg Coal............. 100
8 0 % 80%
42“. 431
P r e fe rr e d .................. 100
6%
7%
Pope M an ufacturin g. 100
74
78
1 st p r e fe r r e d ...........100
19% 22
110 120
2d p re fe rre d ...........100
10
17% P ratt & W hitn p r e f.. 100 100
60
70
R ealty A s so c (Bklyn)lOO <z!36 l i d "
159%
Royal Bak P ow d pref.100 109 110
1 0 % 10-4 Russell & E rw in ......... 25 t 61
63
58 5 59
(
Safety Car H eat & Lt 100 181
120 125
%
Sem inole M in in g ...........5 t
%
93
700
95
Singer M fg C o............. 100 676
23
30
Standard Coupler cornl 00
%
102 % 103%
126
P r e fe rr e d .................. 100 110
7
2% 3
8%
Standard M illin g Co. 100
29
90 100
31
P re fe rre d .................. 100
77% 78
2
4
5s
63
68
Standard'Oil o f N J ..1 0 0 630 63S
11
3i
14
Storage P ow er............... 50 I
%
182% 187% S w ift * Co S e e B oston St k E x c h’ge
5102 102 %
250 500
1st 5s 19 10 -1 9 1 4 ....J-J
E xch list
36
T ennessee C opper....... 25 f 35
75
90
[[Texas * P acific Coal 100
5107 %
240 250
1st Os 1908...............A-O
E xch list T itle Guar & T rust S e e T ru st C o’ s.
list
T itle In s Co of N Y ..1 0 0 157 % 162 %
10
list
Tonapah M m (N evada). 1 t 9
15% 17
40
45
Trem onPotl.ories comlOO
85
87 %
95 102 % P referred n ew ......... 100
65
75
5
T row D irectory n e w ..100
4%
22
23
Union C opper................ 10 1 1 %
1%
93
82
95
Union T.vpewr c o m ..100
84
118 121
1 st prelerred............. 100
20
122%
2d preferred............. 100 116 120
1%
3
U n itB o x b o a r d * P a p .100
140 150
11
13
130 145
P re fe rr e d .................. 100
8%
U S Cotton D u ck ....... 100
1390
18
25
U S E n velope c o m ...1 0 0
130
82
110
80
112 % HPreferred................ 100
6 % U S R e a lty * Imp S e e St’ k E x ch list
t 6
26
27 %
% U S Shipbuilding (w i)
t
l io
80
122
P referred (w i ) .........
8i
45
46
6 ce rtifs............ ..........
10
14
00
U S Steel Corp new os S ee Stk E x list
66
5111 113
Col tr s 15s ’ 51 opt ’ l l
3%
3%
Col tr s f os ’ 51 not o p t.. 5112 114
18
18%
6
U niversal F ire E x t ’ r. 100
71
7
74
1
U niversal T ob a cco. ..1 00
105 115
P re fe rr e d .................. 100
420
5
W estchester * B rou x
92 101
95 105
T itle * M ort Guar Co . 152% 160
W estingh A ir B r a k e ..50 1145 150
95 105
W hite K nob M in in g. 10
80
65
%
%
92
W orthing Pump pref. 100 120 124
} 85
on Stock Exchange, hut not a very a ctive secu rity.
S e c u ritie s
B id
A SK
Gas & Ei Bergen Co. .100
03
05
Grand Rapids Gas—
5101 103
Hist 5s 1 9 1 5 ...........F-A
Hudson Co G as...........100 103 104%
T R A N S A C T IO N 8 A T T H E N E W Y O R K STO C K E X C H A N G E
5s g 1949
S e e Stock E x ch list
D A IL Y . W E E K L Y A N D Y E A R L Y
Indiana N at & 111 Gas—
1st 6s 1908............. M-N
30
40
58
Indianapolis G as.........50
S to c k s
W eek c n d in n
1st 6s 1920............. M -N 5105
R a ilro a d Ac
S ta te
U S
D ecem b er 1 6
J a ck son Gas C o ......... 50
81
B onds
B onds
B onds
B a r v a lu e
1004
S h a res
[ 5s g 1937.................. A-O 5— . 103
30
iKansas City G as.........100
31
$2,606,500
$9,600
852,194 $81,351,900
6s 1922 S e e Stock Ex. list.
S a tu rd a y .........
5.571.4(H)
68.500
2,053,447 195,174,700
88
■([Laclede G as...............100
M o n d a y ...........
7.244.000
35.500
90
1,597,317 151,528,200
[[P r e fe r r e d ...............100
T u esd a y ...........
3.343.500
172,500
1,185,295 108,515,950
Lafay’ e G a s ls t6 s ’ 24.M-N
58
63
W ednesday___
66,898,700
83.500
30
40
3.231.000
$ 1,5 00 L o g * W abV 1st 6s’ 2o. J-D
733,267
Thursday.........
4.078.500
87,354,200
109,000
3,000 Madison Gas 6s 1926. A-O 5100 109
918,542
F r id a y ..............
N ew ark Gas 6s 1 9 4 4 .Q-J 5136 137
86
87
$4,500 N ew ark Consol G a s..100
$478,600
7,340,062 $690,823,650 $26,074,900
T o ta l.............
2
[C o n g 5 s 1948....... S-D 5109 > 110
N o H udson L H & P ow —
W eek e n d in g D e c em b e r 1 6
J a n u a r y 1 to D e c e m b e r 1 6
S a les a t
5s 1938 ..................... A-O 5108
H e w Y o r k S to c k
3
5
HO * Ind C N at * 111 .100
E xch an ge
1903
1903
1904
1904
30
40
1st 6s 1926.............. J-D
67
71
Pat & Pas Gas & E le cl 00
156,121,354
179,877,272
2,722,337
7,340,062
,
Stocks:—N o. shares
H Con g os 1949___M-S 5103 V 105
Par v a lu e......... $690,823,650 $261,336,400 $10,697,109,200 $14,5 63,496,550 St Joseph Gas 5s 1937.J-J
91
92
$725,000
$593,800
$7,900
$500
Bank shares, p a r..
T e le g r & T e le p h o n e
BONDS
95
93
$1,142,550 H A m e rT e le g * Cable 100
$664,180
$500
$4,500
G overnm ent bonds
466,600 [[Central * So A m er. 100 116% 119
21,920,075
6,000
478,600
665,487,400 Com mercial C able___100
973,985,200
9,882,000
26,074,900
H R. and mis. bonds
Commer O n T el (N Y ).2 5 115
78
82
$9,888,500 $996,569,455 $667,096,550 Emp * Bay State T el 100
$26,558,000
Total bon ds___
47
52
F ra n k lin ....................... 100
122 125
D A I L Y T R A N S A C T IO N S A T T H E BOSTON A N D P H I L A D E L P H I A HGold * S t o c k ...........100
[4 % s, 1905 .....................
EXCHANGES
98
H udson R iver Teleph 100
HN Y & N J T ele p h ...1 0 0 105 170
chan g e list
P h ila d e lp h ia
B o sto n
5s 1920 S e e Stock Ex
Week e n d i n g
HN orthw estern T eleg . 50 125 128
D ecem b er 1 6
85
80
Pacific & A tla n tic....... 25
U n lis te d
B ond
L is te d
B ond
U n lis te d
L is te d
0)04:
HSouthern & A tlan tio 25 100 103
sa les
sa les
sh a res
sh a res
sh a res
sh a res
Volume of Business at Stock Exchanges
Saturday ....... 61,223
M o n d a y ......... 104,358
T u e sd a y ......... 82,295
W e d n e s d a y .. 28,641
T hursday....... 62,029
Friday ........... 47,203
18,325
43,279
32,630
18,851
13,925
15,410
$14,000
61.500
38.500
62,000
56.500
23,000
34,044
43,471
37,482
46,667
49,895
22,274
12,519
37,456
18,965
12,123
12,249
16,551
$81,200
114,000
56,000
170,900
85,600
60,700
T ota l______ 375,749
142,420
$255,600
233,833
109,863
$568,400
E le c tr ic C om p a n ies
Chicago Edison C o ...1 0 0
1 K ingsC o E l L & P C o l 00
1
Narragan (P rov) El Co 50
N Y * Q E l L& Pow ColO O
P re fe rre d .................. 100
United E lectric of N J100
4s 1 9 4 9 ....................... J-D
F e r r y C om p a n ies
Brooklyn F erry stoeklOO
B * N Y 1st 0s 1911. J-J
Con 5s 1948 S e e Stock
N Y * E R F erry stk.100
A W e e k l y Review of Outside Market will be found on a preceding page.
1st 5s 1922............. M-N
N Y * H ob con 5s ’ 40. J-D
H ob F y 1st 5s 1946 M-N
S t r e e t R a ilw a y s
S tr e e t R a ilw a y s
Bid Ask N Y & N J ls t 5 s 19 46 .J-J
Bid
Ask
NEW YORK CITY
3%
Lake St (Chic) E l stk.100
10th & 23d Sts F erry 100
1st 5s 1928................ J-J §95%
31
34
B leeck S t * F ul F stk 100
1st mort 5s 1 9 1 9 ...J-D
HLouisv St 5s 1 9 3 0 ..J& J i i a
94
97
[ 1 s t m o r t i s 1950 ..J -J
114
HUnion F erry stock .100
L y n n * B os 1st 5s ’ 24. J-D § 1 1 2 % 114%
[ B’y * 7th A v e stk ..1 0 0 240 246
Hist 5s 1920 ...........M-N
4
N ew Orl R ys C o......... 100
4%
[2 d m ort 5s 1914 ...J -J 104 107
R a ilr o a d
12
P referred ..................100
14%
Con 5s 1943 S e e Stock E xch list
75
4%s 1952................... J-J
B’w ay Surf 1st 5s gu 1924 §108 110
78
Chio P eo & St L pref.1 00
76
N orth Chio Str stock . 100
2d 5s int as rental 1905 § 99% 101
D eposited stoex._
_
P u b Serv Corp o f N J100 140 142%
HOent’l Crosst’ n s t k .. 100 330 350
U ndeposited stock
72
T r otfs 2% to 6% perpet
73
H ls tM 6s 1922 ...M -N $117 12 1
Prior lien g 4 %s’ 3 0 M * S
24
N orth J ersey St B y 100
[ C e n P k N & E R stk. 100 205 210
Con m tg g 5s 1930. J * J
76
1st 4s 1 9 48.........M -N
77
HChr’t T * lo t h St stk 100 177 185
Incom e 5s 1930
Cons Trao of N J ...1 0 0
77
78
C o l* 9th A v e 5s S e e Stock E xch list
Chic R I & P ac—R ef g 4s
1st 5s 1933...........J-D 108 108%
D ry D E B * 3 —
1934 op to 1911___A-O
115
N ew ’lt Pas R y 5 s ’ 30J-J §114 115
H ist gold 6s 1 9 3 2 ...J-D 112
HFort W orth * D enver
99 101
Or & N ew is t 6s ’ 05 A-O §100 101
[S c r ip 5s 1 9 1 4 -----F-A
City stam ped...........1O0
E ssex Pas 6s 1905 M -N §101
[ Eighth A v en u e s t ,..1 0 0 390 405
N Y Cent deb 4s ’ 34.M -N
Rapid Tran St R y ..l0 0 250 260
[S c r ip 0s 1 9 1 4 -----F-A 105 106
N orthern P a cific....... 1O0
1st 5s 1921...........A-O 109
H42d& Gr St F’ y s t k .. 100 405 415
W h en released
20
50
J C H o b * P a t e r s o n 100
70
42d St M & St N A v .,1 0 0
N orthern Secu rities.. 100
75% 76% Pitts Bess & L E .........50
4s g 1949............ M -N
H ist m ort 0s 1910 .M -S 104% 107
80
So J Gas E l & T rac 100 120 123
85
[[2d incom e 0s 1915 J-J
P referred .....................50
G u g 5s 1953....... M-S §102 104
In terborou g h Rap Tr. 100 163 164
Seaboard A ir L in e—
N o H ud Co Ry 6s’ 14J-J § 1 1 1
L ex A v & Pav F 5s S e e St k E x c list
G o lllr 5 s l9 0 7 o p ...M -S
M etropol Securities S e e Stk E x list
5s 1928................. .J-J §109
South Pac pref S e e Stock
E x t 5s 1 9 2 4 ........M -N §104% 105% V a & S ou th w estern .. 100
M etropol Street R y S e e Stk E x list
P at City con 6s '31.J -D §123
N inth A v en u e stock . 100 185 192
W abash P itts T erm R y—
2d 6s ___1914 opt A-O §100
Second A v en u e stoeklOO 208 210
ls t g 4 s .J u u e l 1954.J-D
Rochester R y pref ...1 0 0 100
H ist m ort 5s 1909 M -N §103 104
2 d g 4 s June 1 1954___
list
Con 5s 1930 S e e Plnla
113
Consol 5s 1948___ F-A n n
In d u stria l an d M is c e l
2d 5s 1933................J-D 103 106
[S ix t h A v en u e stock 100 172 176
So Side E l (Chic) stk.1 00
Sou Boulev 6s 19 4 5 ..J-J 5102 106
98
A lliance R ea lty .........100
Syracuse Rap Tr 5s 1946 §105
So Fer 1st 5s 1 9 1 9 ...A -U 5105 108
HAllis-Chalmers......... 100
Third A v en u e S e e Stock Excli list
U nited R ys of S tL —
HPreferred.................100
2 2 % 23 ^ HAmer Bank N ote Co. 50
Com v o t tr o t f s ....... 100
T arry W P * M 5s 1928 103 106
P r e fe rr e d ..................100
68
Y k ersS tR R 5s 1940A-O §10 6 %
66
Am erican Can c o m ...1 0 0
28th & 29th Sts 1st 5s ’96 5 112
114
Gen 4s 1934___ See Stk E xch list
P re fe rr e d .................. 100
[T w e n ty -T h ’d St stk 100 390 400
U n ltR ysS anF ran SeeStk E xch list
Am erican Chicle C o ..100
23
W ash R y * El C o___ 100
96
99
Deb 5s 1900.............. J-J
26
P re fe rre d .................. 100
79% 80% Am erican E levated
P re fe rr e d ..................100
Union R y 1st 6s 1942 F-A 109 112
83% 84
W e s tc h e s tls th s ’43 J-J 102 105
4s 1 9 5 1 ..................... J-D
A m M alting 6s 191 4.J-D
HW est Chicago S t ___ 100
49
52
Am erican N ic k e l......... 10
H C ong 5s 1 9 3 6 ....M -N § 80
A m er Press A s so c’n.100
BROOKLYN
A m Soda F ou n com . .100
G a s S ecu rities
Atlan A v e 5s 19 09 ..A-O 5102
1 st preferred............ 100
NEW YORK
Con 5s g 1931......... A-O
113
2d preferred............. 100
Im pt 5s S e e Stock E x c h list
Cent U nion Gas 1st o s ... §108 110
Am erican S u rety.........50
B B & W E 5s 1 9 3 3 ..A-O 102 104
Con Gas (N Y ) stk . S e e St k E x c li list Am er T obacco (o ld ).. 50
Brooklyn City s t o c k ...1 0 240
Conv deb 6s otfs SeeStk E xch list
Preferred
S e e stock
Con 5s S e e Stock Exch list
E q u itG a s c o n 5 s l9 3 2 S e e Stk E x lisl A m er T ob a cco (new )
Bkln Crosstn 5s 1908.J-J 102
[M u tu a l G a s ......... ...1 0 0 300 320
Common t r r o c t s ...
B kn H gtS 1st 5s 1941 A-O 104 106
N ew Am sterdam Gas—
P refd certfs S e e sto ck
Bkln y C o * Sub S e e Stk Exch list
1 st cousol 5s 1 9 4 8 ..J-J § 1 1 1
113
4s certfs S e e Stock Ex
B klyn Rap Tran S e e Stk Exch list
N Y Gr E L HcfeP S e e Stock Exch list
6s oertfs S e e Stock E x
[]Coney Is. & Bklyn ..1 0 0 340 350
N YT* East R iver Gas—
Am T y p efo’ rs com . ..10 0
1st cons g 4s 1 9 4 8 ..J-J
99% LO %
O
1st 5s 1944................J-J § 112 114
P referred .................. lo o
B rk C * N 5s 1939.J-J 113 115
Consol 5s 1945.........J-J 10 3 110
Am er W riting P a p e r.100
Gr S t * N ew 1st 5s ’ 00 F
100
35
N Y < liiclm iund Uas.100
fc
P re fe rre d .................. 100
G r’pt & Lorim er St 1st
102
N or Un 1st 5s 19 2 7 .M-N §101 107
5s 1919....................... J-J
K in gs Co. Elevated—
[[Standard Gas com ..1 0 0 130 160
HBarney & Sm Car ...1 0 0
1st 4s 1949 S e e Stc
Exch list
[UTeterred .............. 100 155 170
H Preferred................ 100
1st 5s 1930............ M-N § 1 1 0 % 1 1 2 % Bliss Company com ___60
75
5s 1944..................... A-O
113
P r e fe rr e d .................... 50
O T H E R C IT IE S
1st 4s 1951........... S e e St k E xc li list
B o n d * M tg G uar___100
N W b ’ g & Flat 1st ex 4 %s 101
104
A m er L igh t & T ra ct. 100
67
70
Borden’s C on d M ilk .. 100
Steinw ay 1st 0s 1922.J-J 5118
P re fe rre d ..................lo o
98'.. LO
U
P referred .................. lo o
Bay State G a s .............. 50
71G
% British uol Copper
Bingham ton Gas 5s 1938 § 94
97
Camden Land.........
O T H E R C IT IE S
Brooklyn Union Gas deb
Celluloid C o.................. 100
Buffalo Street R y—
6s 1900 con v ’ 0 7 ...M -S 190 195
Cent F irew orks com . 100
1st consol 5s 1931.
5109 i l l
Buffalo City Gas stoeklOO
0% 6%
Preferred....................100
D eb 0s 1917...........
5105 107
1st 6s 1947 Sue Stock Excli list"
Central F ou ndry....... 100
180%
Chicago Gas S e c N Y s ik E xch list
P r e fe rr e d .................. 100
Excli list
Consul Gas of N .)___100
D eb 0s 1919 op ’01 M-N
74% 75 E
1st 5s 1936................ J-J
93
Century R ea lty .........100
96
Colum bus (O) St R y ..
97
99
Consum ers’ L H & P o w —
Cnesebrough M fg Co 100
Prelerred . . .
ed
108% 109%
os 1938...................... J-D §110
[C la U in (H B ) 1st pref 100
Colurn Ry con 5s
ila list
[D e tr o it City G as....... 50
112d prelerred...........100
§107 108
Elizabeth Gas Lt Uo.. 100 250 300
[C om m on .................. 100
58
65
Essex * Hudson Gas 100 124% 126
C o l * H ock C o a l* 1 pi 100
90
Fort W ayne 6s 1 9 2 5 ..J-J § 68
61
84%
1st g 5s 1917.............J-J
§ Buyer pays accrued interest- 1P rice per share. fS alo price, a E x rights, a; Ex div IN ew stock. 1 Sells
|
O
utside Securities
no
no
6
28
68
BOSTON STOOK EXOHA.NG-E— Stock Record, Daily, Weekly and Yearly
S lin re P r ic e s --N ot Her C entum P r ic e s
S a tu rd a y
D ec. 10
SO3 S6k
,
103 k 103 k
253 253
164 154
*242*s»
175 k 175 k
M onday
D ec. V i
84 k
1023,
253
153
242 k
175
80
102k
253
164
242 k
176 k
*302
*148
*125
'1 8 3
140
*63
*84
150 "
186
140
1 4 k 14 k
63
*62
*2Lk 22 k
1 9 6 k 197
T u esd a y
D ec. 1 3
83
102 k
252
153
242
175
92k
*113
92 k
84 k
82k
102 k 102
252
253
.53
153
242 *
k
.75
SOS U SOS v, *302
,
15V
146 U 9
* 124
*183 186 ♦183
fr -td a y
D ec. 1 6
'T h u r s d a y
D ec. 16
84 k
82 k
L02 k ]02
202
252
153
153
242 *240
L76
175
84
83 k
102
102
252
252
163
153
242 *240
*
175
L a s t S a le 170
180
*40
50
94
94
108 110k
*9 4 k 95 k
......... *302
150 *147k
186
L
L
L
L
a
a
a
a
st
st
st
st
S
S
S
S
a le
a le
a le
a le
115
185
161
183
L a s t S a l e 165
L a s t S a le 132
*203 k
*73
79
79 k
*40
41
95
*94
105
L08
*9 4 k 9 5 k
171 V 171
.
92 k 92 k
92 k 93 '
113 113 *113
.... __ _ _„
100
*302
*148
76
79 k
*40
41
95
*94
108 k 10 8 k
96
96
92 k 93
1 1 3 k 11 3k
__
203 k 203 k
75
75
78
78
k
203 k
*75
S a les
th e
W eek
S h a res
0/
R a ilr o a d s
fe
84 k Atch Top < Santa FolOO
102 k
Do p rel............... 100
252 Boston & A lb a n y ___100
153 Boston E levated.......100
242 Boston & L ow ell....... 100
175 Boston < M aine....... 100
fe
le t ’04
149
3 e o ’ 04
N ov’ 01
Dec’04
Oct ’ 04
141 141
140 L40 *139k 140
140 140 *139k 140
*50
55
65
L a s t S a l e 56
Dec’04
*52
55
*52
*84
*84
84
*84
D ec’ 04
41
L a st S a le
Mar’ 03
L a s t S a l e 1 7 2 k Nov’ 04
14
14
14
14 k
14
14
14
14k
14 k 14 k
60
62
62
60
62 k 62 *3 61k 62
61k 61k
21
21
20 k
*1 9 k
*20 k 2 1 k *21 k
22 k
19 k 19 k
197 197 k 197
193 k 19 7k 198 • 196 193k 19 6k 197
e
*124
*183
203 k 203 k *208 k
*202*4
*73
*73
-73
*
79*12 *
79k k
70
70
*40
41
95
*94
111 11 1 k
* 9 5 k 96
W ed n esd ay
D ec. 1 4
STOCKS
BOSTON STOCK
EXCHANGE
D e c ’ 04
203 k
Chic June By & U S "5T100
Con
&
M ont Class 4 .. 100
F itchburg p re f.......... 100
(4a Tty
Klactric ..1 0 0
Mass E lectric C os___100
Do p r e f............... 100
M exican Central....... 100
N Y N H & H a r t....1 0 0
Northern N H
...1 0 0
80
k
94
94
107 k 107k
95 k 9 5 k
172k 17 2 k
92 k 93
92k
113 11 3 k *113k
L a s t S a l e 76k
43 k
143
93
43 k
D e c ’ 04
W est End St.........
Do
50
p re f................100
L ow est
3,226
292
151
245
66
270
M arl 4
Jan 7
J ’ne 7
Feb 5
Mar 11
Aug 3
A pr 16
Feb 24
J ’ n elo
J ’ ne 15
180 J ’n el4
L60 A pr 6
276 Jan 25
68 133 J ’ ne 6
2 4 k Jan 2
73 Jan 27
64
88
239k
*137
230
158
LG
O
20 205
165 136
89 k N ov26
10 4k N ov26
254 D ec 1
155 N ov i 7
242 k N ov 5
17 5 k Dec 10
174 Oct 7
303 k D ec 2
154 Oct 22
125 D ec 5
186 N ov l7
162 k Jan 4
285 J ’ n e lo
142 Nov23
84
D eo 6
175 A pr 26
24 Jan 21
8 0 k Jan 27
2 3 k Nov22
199 Oct 22
163 k A pr 7
232 A pr 21
207 A pr21
8 0 k Feb 1
79 H Nov25
i
73 D eo 3
40 Jan 15
87 k May25
71% Mar 14
86 k Mar 1
160 M ayl6
89 Jan 4
108 Jan 4
1 6 k J ’ly 27
18 3 7 k J ’ly 2 7
143 D ec 8
42 Feb 3
95 k J ’ly 8
116% Nov21
96 Deo 14
173 N ov22
93 M arl6
11 3k D ec 14
17 k F eb 26
43 k Dee 16
146kD eo 2
1,441
431
150
1,093
122
4,836
14
2
202
79
170
I lk
52k
5
185 k
159
222
198
74
68
29
H ig h e st
J’ ne 7
Sep 10
Oct 24
A pr26
May25
Aug 2 4
Jan 29
J ’ n el3
J ’ly 26
M arl 7
A u g l2
20
10
309
60
Oct ’ 03
N ov’04
*94
95
D o p r e f________ 100
10 8 k 109k U nion P a cific............ 100
L a s t S a l e 15
L a s t S a le 40
M an ge fo r Y ear
1904
M ange to r P r e v io u s
Y ear (1 9 0 3 )
L ow est
H ig h est
54 k Aug 89% Jan
85 Aug 103k Jan
244 J’ne 2 6 2 k Feb
134: Aug 154 Jan
230 Aug 250 A pr
161 J ’ ne 195 Jan
170 J’ ne 177 Apr
2
‘ 90 J ’ly 305 Mar
13J Sep 157 Jan
1L0 N ot
184 Nov 19 6k Mar
160 Jan 170 Mar
270 Aug 286 Feb
131 J ’ly 143 k Feb
25 Oct 39 k Jan
75 Dec 83 k Jan
42 Mar 42 Mar
173 k May 180 Feb
17 Nov 3 7 k Feb
75 Dec 96 Jan
8% N ov 28% A pr
1168 k May 225 Jan
16 1k Dec 17 3k Mar
220 Sep 232 Mar
196 Aug 212 k Feb
74 J ’ly 91 May
68 Sep 85 Jan
30 J ’ly 71 Jan
7 J ’ly 25 Jau
75 Jan 84 k Jan
9 1 k Oct 104 k Jan
6 6 k Aug 1 0 4 k Jan
S3 k Oct 95 Jan
*162 Sep 178 Feb
87 k Aug 97 Feb
108 Sep 116 Feb
15 82 Nov
38 k J ’ly 52 Jan
144 Sep 150 Jan
M is c e lla n e o u s
9 N ov 26 Fab
Am er A g ricu i Chem .100 2,281 1 2 k A p r l4 2 4 k U e o 5
742 71 Jan 6 87 Deo 6 6 6 k Nov 8 6 k Feb
Do p r e f................100
3 k Feb 4
6% N ov 5
3 Sep
7 Mar
368
A m er P n en S e rv ....... 50
212 17 Feb 27 27 k Sep 16 12 Sep 24 Mar
D o p r e f....... ........ 50
A m er Sugar R efin ___100 16,912 122 k Feb 24 15 2k N ovi 8 107% Oct 134*4 Jan
224 1 2 2 k J a n 5 141 N o v l7 116 Aug 123 k Deo
D o p re f................100
Am er Telep & T eleg .100 2,230 1191 Feb 19 149 k N ov29 11 4 k Oct 169 k F eb
4,179
9 Feb 19 2 4 k N o v 2 1
6 k Oct 14% F eb
A m er W oolen ............ 100
D o p r e f................100 1,719 0 8 k Jan 19 94 k Dec 5 60 Oct 7 9 k Jan
4 Sep 23
3 N ov26
S a le
3 k J ’ly
5 k Jan'
127 11 2 k Jan 15 122k Dec 16 115 Oct 127 Jan
*122
122 k
Cumberl Telep & T el 100
GHiNOV 6 2 k Jan
7 k J ’n elS 19k Nov 12
1,180
18
Dom inion Iron & S t.......
18k
7 k Oct 12
5 k Jan 23
o k Oct
150
8 k Jan
East B oston L an d ............
*6k
6k
252
69 230 F eb 26 265 Aug22 223 D ec 310 Feb
253
Edison Elec I liu m ...100
J ’ne22 194 N ov22 138 Sep 204 Feb
188
174 «151
188
General E le ctric....... 100
37 k
M ass’chusettsGasCoslOO 4,243 36 D e c l4 44 k Aug 18 30 J ’ly 4 8 k Feb
*38k
80 k
80 k
Do p ref................100 2,706 7 7 k M arl4 8 4 k Oct 25 7 4 k J ’ly 88 % Feb
*
84 173 J ’ne 2 200 Nov2S 164k Aug 190 Feb
19 5 k
M ergenthaler L in o ..100
l k A pr 30
2 k Jan
650
‘2 k N o v l9
l k Oct
2
M exican T elep h on e.. 10
l 15ie
*
291 118 Feb 23 141 N ov30 121 Nov 139 Jan
N E T eleph on e...........lOu
137
k O c t 11
9 A pr 20 Jan
1
1
4 Jan 28
50
8 Oct 10 17 J ’ly 1
L a s t L a s t 12
233
208 M ario 243 N ov29 197 J ’ly 237 Jan
238 238
237 238
235 236
236 236
235 235
264
235 Pullm an Co..................100
6 H Jan 10
a
9 Nov21
6 k Dec 10 Feb
*8
45
9
9
*8
*8
Ba
H
*8
9
9 R eece B u tton -H ole.. 10
8k
8k
8k
*113 11 4k 113 113
113 11 3k 113 k 1 1 3 k 113k 1 1 4 k 112 k 112 k Sw ift & Co..................100
203 ,e99k Mar21 116 Oct 10 99 J ’ly 132 Jan
k
*
*
*
22 k J ’ly 18 22 k J ’ly 18 25 J ’ne 2 6 k Jan
23
23
23
23
22 k
Oct ’ 04
24 k Oct 21 26 N o v i6 28 J ’ly 2 9 k Jan
*26
*26
L a s t S a l e 25 k
*26
*26
5 Oct 29
2 Jan 16
5 A pr
*4
l k Jan
*4
*4
*4
4k L a s t S a le 4
4k
4k
4k
D e e ’ 04 U nion Cop L ’ d & M g . 25
10 4 k 105k 105 105k 105
1 0 4 k 106
106 106
104k 105
105 U nited F ru it..............100 1,468 95 Feb 8 113 J ’n el3 91 Aug 111 Jan
4
59
59
59
59
59
900 451 Feb 2 6 61 Nov22 3 8 k Oct 53 Jan
59 U nited Shoe M a c h ... 25
59k
5 9 k 59k
5 9 k 59k *59
31
31
31k
31k
Do p re f................ 25 1,250 28 J an 28 32 Oct 20 27 Aug 3 1 k Feb
3 1 k 31k
31%
3 1 k 3 1 k * 3 1 k 3 1 k *31%
7 Sep 15% Feb
6 k May 12 2 0 k Dec 9
1 8 k 19%
17
1,160
17
1 6 k 17 k
16k
16k
103 103
165 77 Jan 16 103 D ec 10 7 1 k Oct 95 k May
102 102 k
9 Oct 18 k Feb
34
1 0 k Feb 6 34 N ov lS
T s ’Rubber ............ 100
T
40 k Jan 6 9 2 k Deo 5 33 J ’ly 5 7 k Jan
92k
8 % May 13 33 D ec 6 10 Nov 39% Feb
4
26
28
27
28
2 7 k 29k
28 k
27
27k
29% U S Steel Corp...........100 38,582
2 9 k 303
8 7 k 89 k
87 k 90k
9 1 k 92k
85 k 88 k
D o p r e f............... 100 22,949 5 1 k M ayl3 95 k D ec 3 49 k Nov 89% Jan
87 k 89
89k
91k
•70 •70
*•70
*•70
*•70 ......... *•70
*•70
100 •50 A pr 12 •75 J an 14 •50 Jan •80 Mar
k
k
7 k N ot 28 Jan
6 k J ’ne 3 23 k N oy14
21
21
2i)
21
21
20 V 2U h>
*
200
21 k
21 k 21 *2
it
100 100 *
100
99 100
99
99 ~ fc
41 76 M arl4 101 L ee 5 71 Oct 102 Feb
100
100
*90
90
*90
92
90
90
93
*85
*89
50 75k J’ ne2b 93 Deo 5 67 Oct 108 Feb
&
92 W estin gllil < M f g ... 50
190 k Aug 8 100 Jan 15 8 0 k Oct 110 Jan
*95 100
*95 100
*95 100
L a s t S a le 98
M ining
2 Dec 18 Jan
6
6k
6
5k
6k
5k
*5 k
5k
5k
5k
5k
6 k A dven tu re C on ........... 25 .1,165 •75 A ug 3 7% N o v l l
3 k Jan
8 k Mar
17
18
18
18
18 k. 1 7 k 18
18k 19 k
1 7 k 19
18 A ilo n e z ........................ 25 11,835 c£33ie Mar 8 f2 1 N ovlS
69k 71k
61
63 k 65 k
66 k
62 k 67
65 k
67% Am algam ated CopperlOO 68,956 43 Feb 8 8 2 k D ec 1 3 3 k Oct 75% Mar
61 k 69
■75 Mar21
1 M arla •50 Feb
l k Feb
L a s t S a l e *75
6 Jan 1 2 k Mar
8 Feb 23 14 O ct 14
12%
12 k 12 k
12 k 12 k
12 k 1 2 k
12 k 12 k
i l k 12 k
12 k Am Z in c Lead & Sm . 25 1,325
15% Feb 24 2 9 k N o v i 6 15% J ’ly 3 1 k Feb
L a s t S a I t 2 8 *4
•75 Sep
3 N o v l4
6 k F eb
2
2
2
770 *25 Feb 2
lk
* lk
2
lk
lk
lk
* ik
lk
l k A r c a d ia n ..................... 25
1 *•75
l k N ov l4 •25 Apr •95 Mar
*1
1
1
l
150 •20 J ’ly 2b
lk
7 Oct 1 4 k F eb
7 Feb 11 22 k N o v l‘2
16
1 7 k 18
16
17k
3 5 k 17 k
16k 16k
16
16 k
16 A t la n t ic ...................... 25 2,485
a
35 k
35
32 *2 33 k
Bingham Con H indi S 50 8,247 19 Mar 2 38 k N o v 2‘2 20 D ec 39 H Feb
33
34 k
33 k 34
33 k 35k
33k
*•70
•70
*■70
•70
*•70
500 •39 May 14 1316N ov15 •40 D ec •90 Mar
*•70
*•70 *80
•80 Bonanza (D ev C o )... 10
n
7
7
01
.-, 0 V
,
6 Oot 27
77 N ovi 7
8
6 5g
6 720
6k
° o
670 676
645 650
645 652 k 645 645
650 665
645
650 Calumet & H ecla ___ 25
161 435 Jan 4 700 ” N o v l6 400 J ’ly 551 Mar
S
•05 A pr 2 c •25 N ovlS •O Feu TO Feb
L a s t S a l t 20
26
26
2 6 k 27 k
25
2 4 k 25
24k 25k
2 4 k 26
25 k C en ten n ia l.................. 25 5,365 d 14 k F eb b t3 2 k N o v l l 12 J ’ly 31% F eb
o k Sep
6 8 J ’ly 25 10 May 20
9 k J ’ly
7
*7k
7
7
*7
7k
*7
150
7
7k
7k
*7k
7 k Central O il................. 25
•33 •33
*•35
•38
*•35
-38
*•35
Cons M ercur G o ld ... 5 2,500 •20 J ’ly 15 •75 Jan 5 •35 Nov 12,S2 Jan
•37 •38
•38
10 k Sep 16 Mar
i H A pr 5 14 Oct IS
a
L a s t S a l e 11
IS o t ’ 04
T
66
65 H 67
a
66
70 k 71k
66
68 k
70 k
6 4 k 68 k
67k Copper Range Con ColOO 61,859 38 Feb 23 7 4 k N o v lb 37 J ’ly 75 Feb
10k Aug 1 36 Jan 2 31 Nov 48 k May
13
12 k
13
12 k
12 k 12 k *12
833
13 k
12 k 1 2 k
12 k
12 k D a ly -W e s t ................. 20
65 * ......... 64 k
64 k 64*12 63*3
*63
70 40 J ne2t 72 Jan 2 59 k Oct 13 1 k Jan
64
64** *62
103 J ’ly 6 116 N ov30 106 Oct 1 1 8 k Feb
L a s t S a le 116
Do p re f................100
N ov ’ 04
l k J ne2i
2 O ct
4 N ov 2
5 Mar
3
*2 k
200
2k
‘i k
*2k
*2k
2k
2k
*2k
2k
7k
2 k Elm R iv e r ................... 12
7 J ’ly 14 Feb
7 J ’ne 2 1 5 k N o v l2
11
11
F ran klin ...................... 25
892
11
11
11
11
I lk
1 0 k 10 k
I lk I lk
Ilk
2% M arlb ottie Nov28
o k A pr
334 J 'ly
6
5
5k
5k
5
4\
5
5k
4k
4k
5
6 ke Granby Consolidated. 10 15,652
22
34 k 34%
24
2 5 k 27
34k
25 k
2 6 k 27 k
25k
2 7 k G reene Consolidated. 1C 101,547 20 O ct 10 34 k Deo 5
5 Deo 1 ■50 D ec
•62k Feu 15
3 Jan
3k
3%
3k
3k
3k
3k
3k
3k
3k
3k
3k
3 k Guanajuato C on sol.. 5 2,140
6 k M ay21 3 5 k N o v ll
24 k 26
5 k J ’ly 1 7 k Feb
25
25
2 8 k 29k
23
25
28 k
25 k
26 k Isle Koyale (Copper). 25 9,647
2o k
3 J ’ly 18 Feb
9
9k
9
9
9k
8k
8k
9
9k
9 Mass C onsol................ 25 2,400 d 3 F6b 25 19 % D ec 3
8k
*8k
2 N ov 12 •50 Dec
2 k Jan
*1
1
•80
1
1
1
1
1 M ayilow er................... 25 1,455 •45 J ’ly 16
lk
lk
1
* lk
4 k Deo llHa Feb
3 ** J ’n e io 11 N o v l4
9
9 k 10
9
9k
9k
9k
9k
9k
9k
9 k M ich ig a n ..................... 25 1,655
9k
34 k Feb 8 57 k N ovlS 31 J ’ly 58 Feb
53
50
51
51
53
51
53 k
5 0 k 50k
61 k
50
60 M oh a w k ...................... 25 1,903
2 N ot
8 Mar
2 4 Jan 10
6 k Aug30
4k
5
4%
5
5k
4k
5k
4k
4k
4k
5% M ontana Coal & Coke 25 ■28,740
4k
1 % Sep 6 •55 Nov
2% Jan
•40 J ’ly 6
L a s t S a l t 1 Ig
Or.t, >04
*50 J ’ne 9
•50 J ’ne
2 k Feb
2 k N o v l4
250
* lk
2
2
lk
* lk
lk
* lk
lk
* lk
lk
* lk
l k Old C olony................. 25
9 *4 FeD 9 29 k Dec 5
5 Oct 23 H Feb
a
3,565
27 k 28 k
25
26
2 4 k 26 k
24k 24k
26
23 k 25
26 Old D om in ion ............ 25
92
92
94 k 95 k
93
93
9 0 k 94 k
8 9 k 93
93
9 3 k O sce o la ........................ 25 2,090 53 Feb 8 98 N o v l6 43 k J ’ly 79 Feb
*28
29
26
fc
27
28
2 6 k 26k
26 k 27
26k
26k
26 k Parrott (Silv < Copp) 10 1,468 2 u84 Feb l 33 k N o v l8 16 J ’ly 34 Feb
2% Deo
7 k Feb
3
3
3
3
3
465 d - 50 Aug t t5 N o v ll
2k
*2k
2k
2 7k
*2k
2 7a Phoanix C onsol........... 25
2k
*110 115
102 103
105 108
105 105
224 80 Feb 25 125 N o v l8 80 Oct 126*2 Feb
110 111
103
loir8Q u in cy.......................... 25
3 N o v ll •75 N ot
4 Feb
2
2
Rhode Island.............. 25
350 *50 May33
2
2k
* lk
2k
lk
• lk
*L a
H
li® J ’ne24
3 Jan
1 J ’ly
3 k N ov l4
2k
*2
2k
Santa Fe(Goid<& Cop) 10 1,130
2k
2k
2 i 16
2k
2k
2k
2% 2%
7 Deo 14% A pr
3 k A u g l2 1 0 k N ov28
8
8 k 8k
8k
8k
8
9
8k
9k
8k
8 k Sh ann on ...................... K 10,263
122 122
226 85 May31 140 NovlU 75 J ’ly 190 Feb
120 122
115 118
116 116
119 119
119
120 T a m a r a c k ................... 25
*3
4 k N ot 29 ■25 Nov I k e F eb
3
*2
3
25 •25 J ’ne20
*3
Tecum s e l l ................... 25
3
3k
*2k
3k
3k
*
39
325 34 N ov 10 43 k Deo 3 1 7 k Jan 3 3 k Mar
39
T en n essee......... .......... 25
38
38 k 38 k
33 M ar25 1 8 k NovX2
4
4 k J ’ly 14 Feb
1 3 k 14
11
11
13
10 k 11
10 k I l k
I l k T rin ity .......................... 25 16,033
I lk
10k
4 Dec 3 1 k Jan
6 M arl 9
6 M arit
6
Mar*04
26k
24
23 k 2 4 k
2 4 k 24k
26 U nitedStatos M ining 25 29,203 18 Jan 4 2 8 k Deo 1 16 k J ’ly 27 k Feb
26 k
24 k 2 4 k
24k
S ^ J a n 4 1 2 k N ovlS
8 Deo 17 Mar
11
11
I lk I lk
11
10 k I l k
* 1 0 k 11
10 k 11
I l k U nit States Coal <feOil 25 1,965
44 k 44 k
5 17,037 30 Jan 2 47 N ov lS 22 Jan 33% May
42
42 k
42
4 1 k 44
4 0 k 42 k
4 2 k 42 k
43 k Utah Con (G o ld ) .......
l k D ec
9 Feb
6 % N ov l4
5
2 k J n e ii
775
5
4
25
4k
4k
4k
4k
4k
4k
4k
4 k V ictoria ................. .
4k
12
5 k J’ ly 114k Mar
11
32
11
12
12 k
12
I lk
I l k I l k *11
12 k W in on a ........................ 25 4,937 6 Feb 23 13% Novl-2
Jan 6 110 Nov29 61 J ’ly 77 Mar
105 10 5 k 105 105
476 69
105 105
105 105
104k 104 k 104
104 W olverine .................. 25
2% Mar
2
2
2
2
2
2k
2
2 W y a n d o t..................... 25 1,410 ;*50 Feb 23 f3 N ov 7 •75 Oot
lk
lk
lk
lk
^•• foropay’t o f assess’ tsoaUed In 1903. d B efore pay’ t of assess’ ts called in 1904. *B ld and asked. 2 N ow stoot. f A s s’ t paid. f Ex-rights. a E x-d iv. A r tg b t* . /
28k
86 k
*6k
26
143
138
145k
22
93
*3k
22
23
24
*21
21
22 k
21k
86
87
87
80k
86
86
86
86
6
5k
6
6k
5k
5k
5k
5k
26
25
25
25
25
25 *
24 k
138 k 142k 138 139 k 139 140k 1 3 8 k
144
138 138k 138 139
137 139
137
139
144 144k 144
1 4 6 k 144 145 k 1 4 2 k 144
21
20
20k
21
20
22k
20 k 20 k
92
92
92k 93k
91
92k
92 k
93 k
*3k
*3k
3k
*3k
3k L a s t
3k
122 k 122 k 12 2 k 122 k 122k 122 k l 2 2 k 122 k
18
18
18
1 8 k 18 k
18 k
17 k 18
*6*3 7 k
7
6k
*6k
6k
7k
6k
252
253 *260 253 *250 252
252 253
1 8 4 k 185 *183
188 k 1 8 4 k 1 8 4k 183 184
38
38
36
37
38 k 38k
38k
38 k
80 k 80 k
30
81
80k
80 k
80 k 8 0 k
*
198 *195 196
193
1 9 5 k 196
195
2
2
2k
2
2
H ke
lk
lk
*T
r
138
138
136 137
136 137 *136
21
22k
86k
86 k
6
5k
24k
25
139k 139 k
138 * J3S
14 4k 144
20 k
20 k
92 k
92k
22
86k
5k
25
141k
139
145
20%
92k
3
N ov ’04
122k 122k
*1 8 k
19
____ _
____
a;184
184
37k
38
80k
80 k
*188
18 9 k
2
* lk
135
136k
A m B e ll T e le p h o n e 4 e ___ 1908
A m T e le p & T e l co ll t r 4 s . 1929
A t c h & N e b ra s k a 1st 7 s . .1 9 0 8
A t c li T o p <fc S F e g e n g 4 s . . 1995
A d ju s tm e n t g 4 s ___ J ’ly 1995
B o sto n E le c t L ig h t 1st 6 s . 1908
C o n sol 6 s .............................1924
B o sto n & L o w e ll 4 s ........... 1907
B oston & M a in e 4 % s .......... 1944
Im p ro v e m e n t 4 8 ..............1905
B o st < M o n 3d is s u e 7 s . . . 1904
fe
B oston T e rm in a l 1 st 3 % s. 1947
Bur & M o R iv e x 6 s ........... 1918
N o n -e x e m p t 6 s ..................1918
S in k in g fu n d 4 s ................1910
B u tte & B o s to n 1 st 6 s ___ 1 917
Cedar B a p & M o B 1 st 7 s . 1916
2d 7 s ...................................... 1909
C en t V e rm t 1 st g 4 s ..M a y l9 2 0
C hic B u rl & Q e x te n d 4 s . 1905
I o w a D iv 1st 5 s ................1919
I o w a D iv 1st 4 s ............... 1919
D e b e n tu re 5 s ......................1913
D e n v e r E x t e n 4 s .............. 1922
N e b ra sk a E x t e n 4 s ........1927
B & S W s f 4 s ....................1921
I llin o is D iv 3 % s ................1949
J o in t b a n d s See G t N o rth e rn
Ohio J c B y & S tk Y d s 5s .1 9 1 5
C oll tr n s t r e fu n d in g g 4 s l9 4 0
Ch M il & St P D n b D 6 s .. 1920
Ch M & S t P W is Y d iv 6 s l9 2 0
C h ic & N o M ich 1 st g u 5 s . 1931
C h ic & W M ich g e n 5 s ___ 1921
C o n co rd & M o n t co n s 4 s .. 1920
C on n & P a ss B 1 st g 4 s . ..1 9 4 3
C u rre n t B iv e r 1 s t 5 s _____ 1927
D e t G r B a p & W 1st 4 s . . . 1946
D o m in io n C oal 1st 6 s ........1 918
E a s te rn 1 st g o ld 6 s ...- .___ 190(5
F it c h b u r g 4 s ......................... 1915
4 s ............................................1927
F r e m t E lk <6 M o Y 1 st 6 s . .1 9 3 3
U n sta m p e d 1 st 6 s ........... 1933
G t N o r C B & Q c o ll tr 4s 1921
R e g is t e r e d 4 s ......................1921
o te —B uyer
J -J
J -J
M-S
A -O
N ov
M -S
J-D
j -j
F-A
M-N
F-A
j -j
j -j
j -j
A-O
M-N
J -D
Q -F
J -J
A -O
A-O
M-N
F-A
M-N
M-S
J -J
H ig h B o
B id
A s k Low
99%
99% 24
99% 100
41
97 Sale
95%
97
110 O c t ’ 04 __
6
101% Sale 101% 102%
94
94% 10
9 4 % Sale
***•*’ ******
i i '6 ” F e b ’ 04
10 4 % A p r ’ OO
117 F e b ’ 04 . . . .
9 9 % Ja n ’ 02
101 M a r’ 03
112% J a n ’ 03
1 1 3 % ......... 11230 O ct ’ 04 . . . .
100 ......... 100% S ep ’ 04 . . . .
1
9 9 % ......... 99% D e c ’ 04
100 J ’ n e’ 01
1 2 9 % .......... 129 % Sep ’ 04 ___
113 .......... 117% F e b ’ OS
1
80
80 ......... 80
100 Sep ’ 04 . . .
107 J a n ’ 04
100% F e b ’ 04 . . . .
105 J ’n e ’ 04 . . . .
1
100% D e c ’ 04
1 0 6 j4 D e c ’ 02
1
98 .......... 9 9 %
99%
94 Sep ’ 04 . . . .
J -J
A-O
J -J
J -J
M-N
J -D
J -D
A-O
A -O
A-O
M -S
M -S
Nl-S
M-S
A -O
A -O
J -J
Q -J
..........107% 10 7 % 107%
99% N o v ’ 04
125 .......... 125% J ’l y ’ 04
1 2 4 % .......... 123% A p r ’ 04
105 .......... 1 0 6
106
108 . . . . . . 108 D e c ’ 04
109% M a r’ 02
112% J a n ’ 03
100 N o v ’ 04
98%
98%
98 % Sale
107 ......... 1 0 7 % N o v ’ 04
103% Sale 103% 103%
102% A p r ’ 04
111% M ay’ 02
138
138 .......... 138
138 .......... 137 F e b ’ 04
98 Sale
97 %
98%
98% N o v ’ 04
BONDS
BOSTON STOCK E X C H ’GE
W e e k E n d in g D ec 16
M ange
S ince
J a n u a ry 1
Low
97%
88%
109
97%
87
H ig h
100
97%
110
102%
97
i' 1 0 " i ’l d ”
117
117
112 113
100% 102
99
99%
128
129%
78
82
99% 100
100% 100%
104 105
9 9 % 100%
98 %
90%
99%
94
4 105%
97
124%
123%
100
105%
109
100
125%
124%
108
108%
___
___
3
2
. . . 100 101%
6 95 100
___ 10 5 % 109
11 1 0 3 % 1 0 4 %
102% 103
10 137 138
137 137
46 90
99%
90% 98%
....
in t's l
P erio d
W eek’ s
R a n g e or
L a st Sale
P r ic e
P Y ida y
B e e 16
B onds
Sold
In t’ st
P eriod
BONDS'
B O STO N STO C K K X C H ’G E
W e e k E n d in g D eo 16
N
2689
Boston Bond Record.
[De o . 17, 1904.]
P r ic e
F r id a y
B ee 16
W eek's
M ange or
L a st S ale
H ig h
B id
A s k L ow
I llin o is S teel deh en 5 s ___ 1910 J -J
100%
100%
N o n -c o n v e r t d e b e n 5 s . ..1 9 1 3 A-O 1 0 0 % .......... 100
100%
l a F a lls & S io n x C 1st 7 s .. 1917 A -O l u o " .......... 128% J ’n e ’ 04
K a n C C l i n * S p r l s t 5 s . .. 1925 A -O
100% O ct ’ 04
K a n C F t S & G u ll 1 st 7 s ..1 9 0 8 J -D 108 .......... 103% D e c ’ 04
K a n C F t S co tt & M 6 s . . ..1 9 2 8 M-N 1 2 4 % .......... 125
125
K a n C M & B g e n 4 s ........... 1934 M-S
97
97
A s s e n te d in co m e 5 s ........1934 M -S
9 3 % 94
93
94
K a n C & M B y & B r 1 st 5 s l9 2 9 A -O 104 ......... 1 0 2 % D e o ’ 04
K a n C S t J o * C B 1st 7 s .. 1907 J -J 106 .......... 106 H N o v ’ 04
2
L R<fc F t Sm Id g r 1 st 7 s . .. 1905 J -J 100 ........ 100 *8 N o v ’ 04
M ain e C en t con s 1st 7 s . . . 1912 A-O
120 H S e p ’ 04
z
C on s 1 st 4 s ......................... 1912 A-O
102 J ’ n e ’ 03
M ara H o u g h & O n t 1 st 6 s. 1925 A-O
118 M ay’ 04
M e x ic a n C en tra l co n s 4 s. .1 9 11 J -J
75
77
75
75
1 st con s in c 3 s ...........J a n 1939 J ’ly
2d con s in c 3 s .......... Ja n 1939 J ’ ly ..................... lO ^ N o v ’ 04
M ich T e le p co n s 5 s tr r e c .1 9 2 9 j - j
M in n e G en E le c c o n g o s 1929 J -J
102% A u g ’ 04
N e w E n g C ot Y a r n 5 s ___ 1929 F -A
95% 96
95%
95%
N e w E n g T e le p h 6 s ............1906 A-O
10 2 % O ot ’ 04
6 s ............................................1907 A-O
103 A u g ’ 04
6 s ............................................1908 A-O
103 A p r ’ 04
5 s ........................................... 1915 A -O
106% M a r’ 03
N Y & N E n g 1 s t 7 s ............1905 J -J 1 0 0 % ......... 100
100
1 st 6 s .........................
1905 J -J 100 ......... 100 D e c ’ 04
Old C olon y gold 4 s .............. 1924 F-A
1 0 4 1 J ’ n e ’ 04
4
O reg B y & N a v c o n g 4 s . . l 9 4 6 J -D
101 % J ’n e ’ 04
O reg Sh L in e 1 st g 6 s ........1922 F -A
121 J ’ l y ’ 04
B e p u b V a lle y 1st s f 6 s . .. 1919 J -J
103% A u g ’ 04
B u tla n d 1st c o n g e n 4 % s .l9 4 1 J -J
R u tla n d-C a n a dia n 1 s t 4s 1949 J -J
102 Mar* 02
S avan nah E le c 1st co n s 5s. 1952 J -J
95
96
96 N o v ’ 04
S eattle E le c 1 st g 5 s ..........1930 F-A 104 Sale 104
104
T o r r in g to n 1 s t g 5 s ........... 1918 M -S
107 F e b ’ OS
U n io n P a c E K & 1 g r g 4 s . 1947 J -J
104 N o v ’ 04
1 st lie n c o n v 4 s ..................1911 M-N
115% N o v ’ 04
U n ited F r u it c o n v g en 5 s . 1911 M -S 108 110
109
109
U S S teel C orp 10-60 y r 5 s . 1963 M-N
S0% Sep ’ 04
W e s t E n d S tre e t B y 4 s ___ 1915 F -A
102% Sep ’ 04
G old 4 % s ...............................1914 M-S
1 0 5 % M ay’ 04
G old d eb e n tu re 4 s ............1916 M-N
102% A p r ’ 03
G old 4 s .................................. 1917 F - A
102% O ct ’ 04
W e s te rn T e le p h & T e l 5 s. 1932 J -J 1 0 2 % 1 0 2 % 102% 102%
W is c o n s in C en t 1 st g e n 4 s l9 4 9 J -J
87 % J ’l y ’ 01
W is c o n s in V a lle y 1st 7 s . .1 9 0 9 J -J 1 1 1 % .......... 111% D e c ’ 04
p a ys a c c r u e d in te re s t in a d d itio n to th e p u rch a se p r ic e fo r a il B o s to n B on ds.
* N o p r ice F r id a y ; la te s t b id a n d a sk ed.
R a n ge
Since
J a n u a ry 1
!©
B o L ow H ig h
21 96 100%
4 93% 101
123 128%
97 100%
2- 107% 110
6 117 12 5 %
2 92
96%
32 81
94
102% 104
106% 108%
100% 101%
120% 122
2
1
118 118
58 % 76%
13
25
6% 16%
102%
93
101%
102
102%
102%
97%
102%
103
104%
1 100 102 H
z
100 1 0 1 3t
>
104% 104%
101% 10 1 %
120% 121
103 % 103 J 1
91
” 7 100
100%
94
1 100%
71%
102
105
96
104
10 5 %
115%
113
80%
102%
105
1 0 1 % 102%
19
98% 103
111% 112 %
If T r u s t Co. ctfs .
Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
S a tu rd a y
B ee. 10
86
86
107% 107%
18% 18%
38
38%
14% 14%
48%
85
107
18
38
14
85%
107
18%
38%
14%
48%
25% 25%
8%
16%
10%
S h a r e P r ic e s —N o t Per C e n tu m P r i c e s
1
T h u rsd a y
T u esd a y
W ed n esd ay
M onday
B ee. 1 4
B ee. 1 5
B ee. 1 2
B ee. 13
8%
17
10%
25
8%
16%
10
25%
8%
16%
10%
37 *2
103 107
109 115
53
55%
65% 55%
4%
4%
4%
4%
67% GS%„
68% 68%
42
41% 42
42
10% 10%
9 78 10
17
17
*1 7 % 18
3 7 13ia 39%
S 9 h e 40
45
45%
45
45%
*40% 41% *4 0 % 41
*58% 68%
68% 58%
106 106% 10 4 % 105%
P H IL A D E L P H IA
I n a c tiv e S t o c k s
A m e rica n C e m e n t........10
A m e r I r o n & S t e e l___ 50
B e ll T e le p h o n e .............. 50
C am bria I r o n ..................50
C en tra l Coal & C o k e . 100
P r e f e r r e d ................... 100
C o n so l T r a c P it t s ..........50
P r e f e r r e d ..................... 50
Pam-ville B e s s e m e r ...1 %
D ia m on d S ta te S te e l
P r e f e r r e d .................
E a s to n Con E le o t r ic ...6 0
E le c S to ra g e B a tt___ 100
P r e fe r r e d ........ ........... 100
G e rm a n to w n P a s s ........50
H a r ris o n B ro s p r e f..
In d ia n a p o lis S t ...........100
I n t e r Sm P o w & C h em .50
K e y s to n e T e le p h o n e ..5 0
P r e f e r r e d ......................50
K e y st-one W a tch Case. 100
L it B r o t h e r s ....................10
L it t le S c h u y lk ill........... 50
M in e h ill & S ch u y l H ..5 0
N e s q n e lio n in g ..............50
N H a v e n Ir o n & S t e e l.5
N o rth P e n n s y lv a n ia ..50
P e n n G as C o a l................50
P e n n s y lv a n ia S a lt........50
P e n n s y lv a n ia S t e e l..1 0 0
P r e f e r r e d ................... 100
P h ila Co (P itts ) p r e f... 60
P h il G erm an & N o r r is . 50
P h ila T r a c tio n ................50
lla llw a y s G e n e r a l........10
S u sq u e n Iro n < S te e l..
fc
T id e w a te r S t e e l........... 10
P r e f e r r e d ......................10
.U n ited N J R R < feC ..10 O
(U nit P o w & T r a n s ___ 25
U n ite d T r a c P it t s ........50
P r e fe r r e d ...................... 50,
W a r w ic k I r o n < S t e e l. 10
fc
W e s t J e rs e y & S ea .8 h .5 0
jW ea tm orela n d C o a l...5 0
84
84
105% 105%
17% 17%
37%
37
13% 14%
83% 84
106 106
17% 17%
37%
37
14
14%
*4 7 %
24%
8
16%
9 1510
*4 7 % 48 %
25% 25%
8%
8%
16
16
10% 10%
10
10
37% 38
103% 105
54
55
100
53%
4
661
4
41
9 13ie
17%
37%
*44%
*40%
58%
104
B id
48%
25
8%
16%
10
38
105
54%
4
67% 0
67
68
41
41% 41%
10
10
10%
17% 18%
17%
38% 39%
38%
45% *44% 45%
41
*40% 41
58%
58% 58%
105
105 105%
A sk
A C T IV E S T O C K S
B a lt im o r e
776
*83%
84
84 C on solid a ted G a s ........... 100
150
104% 104% *104% 105% N o rth e rn C e n t r a l.......... 50
17% 17% S eaboard A ir L i n e ........100 4 ,5 05
17% 17%
D o p r e f ................... .1 0 0 1,981
37
37
*36 H 37
z
14% 14% U n ited R y & E le c t r ic .. 50 12,950
14% 14%
48
25
8%
16
10%
48%
25
8%
16%
10%
*37 ^
107% H O
53% 54%
3%
3 78
673is
41% 41%
10% 10%
*1 7 % 18
38% 39%
* 4 4 34 45%
40% 40%
*58% 69
105 106
47% 48%
25 % 25%
8%
33ia
16% 16%
1 0 % 10%
10
10
37% 37%
106% 108
54% 64%
3%
3%
67 iiia 68%
41 % 42
10% 10%
17%
17
39% 39%
45% 45%
40% 41
58% 58%
105% 106
*19
21
P H IL A D E L P H IA
B onds
A 1 V a l E e x t 7s 1 9 1 0 A -O
8
7%
A m R y s c o n v 5 s 1 9 1 1 . J-D
A t l C ity 1st 5s g ’ 1 9 .M -N
B alls T e r 1 st 5s 1 9 2 6 .J-D
47%
B e r g & E B r w 1st 6 s’ 21 J-J
B e th le S teel 6s 1 9 9 8 .Q -F
Che & D Can 1 st 5s T 6 J-J
C h o c * M e 1 st 5s 1949 J-J
Ch O k * G gen 5s T 9 J-J
%
% C ol S t B y 1 st co n 5s 1932
1% C on T r a c o f N J 1 st 5 s . ’ 33
1%
E & A 1 st M 5s 1 920 M -N
” 79”
E le c * P e o T r stk tr ctfs
E lm & W il 1 st 6s TO . J-J
E q II G a s-L 1 st g 5s 1928
H * B T o p c o n 5s ’ 25 A -O
In d ia n a p o lis R y 4 8 .19 3 3
” 95%
24
In te r s ta t e R y s —
26
3 -3 % -4s 1 9 4 3 ............F -A
L e h ig h N a v 4 % s ’ 1 4 .Q -J
B B S 4s g ........1 9 1 4 .Q -F
11%
G en M 4 % s g . 1 9 2 4 .Q -F
L eh V C 1 st 5s g ’ 3 3 ..J -J
67% 67% L e h V e x t 4s 1st 1 9 4 8 . J-D
2d 7s 1 9 1 0 ..................M -S
3%
4
C on sol 6s 1 9 2 3 ........J-D
102%
A n n u ity 6 s ................J -D
G en c o n s 4 s a d -in t ctfs.
100
L e h V T r a o 1st 4s ’2 9 .J -D
N e w C on G as 5s 1948 J-D
N e w a rk P a ss c o n o s 1930
46
46% N Y Ph * N o 1 st 4s ’39 J-J
158%
I n c o m e 4s 1 9 S 9 ...M -N
98% ” 98 % N o P e n n 1st 4s ’ 3 6 . . M -N
D e b e n 6s 1 9 0 5 ........M -S
2% ” 2% P e n n gen 6s o 1 9 1 0 ..V a r
C on sol 6s 0 1 9 0 5 .. .V a r
3H
z
C on sol 5s c 1 9 1 9 .. .V a r
4%
275
P en n & M d S teel c o n 6s.
Pa * N Y Can 7s ’ 0 6 . J -D
Con 5s 1 9 3 9 ..............A -O
C on 4s 1 9 3 9 .............. A-O
"” 5 %
e " P e n n S t e e l l s t 5 s T 7 M -N
66
P e o p le ’ s T r tr ce rts 4s ’ 43
P Co 1 s t * co l tr 5 s ’ 49 M -S
.....
* B id and a sk ed p r ic e s ; n o sa les on th is day.
( F o r B o n d s a n d In a c tiv e
S tock s see below )
F r id a y
B ee. 16
Sales
or the
W eek
Shares
B id
P h ila d e lp h ia
A m erica n R a ilw a y s ___ 50
C am bria S t e e l ................. 50
C on sol L ake S u p e rio rt.1 0 0
D o p r e f . t ..................100
E le c t r ic Co o f A m e r ic a 10
G en A s p h a lt in te rim c t f s ..
D o p ref in te rim c t f s ..
L en ig h C oal & N a v ___ 50
L e h ig h V a lle y ................. 50
M arsden C o ....................... 100
P e n n s y lv a n ia R R .......... 50
P h ila d e lp ’ a C o (P it ts b ) 50
P h ila d elp h ia E le c t r ic .. 25
P h ila R a p id T r a n s i t . . . 50
R e a d i n g ............................ 50
D o 1 st p r e f _______ 50
D o 2 d p r e f................ 50
U n io n T r a c t o n ............... 50
U n ite d G as I m p t ............ 50
W e ls b a ch C o ....................100
A sk
101% 102
90% 93
106
103
120
121
44 %
109% 110
108%
115
100% 1 0 0 %
109
109
P H IL A D E L P H IA
P h il E le c g o ld tr u s t c t fs .
T r u s t c e r tifs 4 s ...............
P * E g e n M 5 g ’ 2 0 . A -O
G en M 4 s g 1 9 2 0 ..A & O
P h * R ea d 2d 5s ’ 3 3 .A -O
C on M 7 s 1 9 1 1 ........J-D
Con M 6s g 1 9 1 1 . . . . J-D
E x Im p M 4 s g ’ 4 7 . A -O
Con M of ’ 82 4s ’ 3 7 .J-J
T e rm in a l 5s g 1 9 4 1 . Q -F
P W & B col tr 4s ’ 2 1 . J-J
R o ch e s te r B y co n 5s 1930
U T r a c In d g e n 5 s’ 1 9 .J -J
U n B y s T r c t fs 4 s ’ 4 9 J * J
U T r a o P it g e n 5 s ’ 97 J-J
W e ls b a ch s f 5s 1 9 3 0 .J -D
B A L T IM O R E
Inactive Stocks
87%
64
111
110
250
5,743
7,468
2,720
3 ,7 50
164
103
12,138
11,639
2,445
5,716
3,971
22 ,27 6
5,083
149,380
357
250
575
8,0 30
65
109%
114%
125%
148%
98%
A tla n ta & C h a r lo tt e .. 100
A tla n C oa st L in e R R . 100
A tla n C o a s tL (C on n )1 0 0
C anton C o ..................... 100
G eorg ia S on & F l a . . . 100
1 st p r e f ....................... 100
2d p r e f ......................... 100
G -B -S B r e w in g ............100
M t V e r n o n C ot D u c k ........
U n it E le o L * P p r e f. 50
Bonds
103% 104
109
114
114
115
101
107
104% 105
1 09 % ] 10 %
1 L o w e s t la e x -d iv id en d .
An&ooatla <> P o t 5 * ______
S
A tl * Ch 1 st 7 . „ 1907 J-J
A tla n C L R R 4 s l9 6 2 M -S
A tl C oast L (C t )c t fs 5s J-D
C tfs o f in d e b t 4 s ___ J -J
B a l t C P a s 8 l 8 t 5 s T l M -N
B a lt F u n d g 5 8 .1 9 1 6 M -N
E x c h a n g e 3% s 1930 J-J
R e fu n d in g 3 %s 1 952J-J
B a l t * P 1 s t 6 s m I ’ l l A -O
B alt T r a c 1st 5 s . . ’ 29 M -N
N o B a lt D iv 5s 1942 J-D
C o n v e rtib le 5 s .’ 06 M -N
C eu t’ l liy c o n 5 s l9 3 2 M -N
E x t * Im p 5 8 .1 9 3 2 M -S
Chas C ity B y 1 s t 5 s ’23 J-J
1 E x -rig h ts.
1
1 $15 paid,
B id
101
M ange to r Y ea r
1904
L ow est
-Highest
R an ge to r -Previous
Y e a r (1 9 0 3 )
L ow est
-H igh est
57% J a n 5 86 D e o 5
71 J ’ n e 2 1 0 9 )2 D e c 5
7 J ’ ne21 19% N o v 19
1 3 3 J ’ ne21 40 N o v l8
4
6% J ’ n e 1 16% D e o 5
58)2 D e c 72% Jan
84 )2 O ct 118 Jan
103 D e c 2814 J a n
4
£0 O ct 45 Jan
8 O ct
14% Jan
51 O ct 31
25% N ov28
t 9% N ov30
$ 1 8 % D ec 2
4034 D e c 52 % Jan
1 7 ) 4 N ov 26% J a n
)8 N o v 9910 J a n
% D e c 40 3 Jan
4
1 0 ) 4 Jan
7 )4 0 O ct
10 D e c 11 D e c
19 N o v 36 J ’ ly
64 A u g 79% F e b
3 4 ^ N o v 45 7g Jan
1 % Sep
4 Jan
55% N o v 78% Jan
35 O ct 47% F e b
5 Aug
9 Jan
7 3 D e c 17 % Jan
4
183 N ov 34 1)10 Jan
4
36 Sep 44n i0 F eb
2 7 34 Nov- 4 0 % Jan
40 78 Sep 47% F e b
76 O ct 11 6 % J a n
20 A u g 31 M ar
43 J ’ n e 3
18% M ay25
% May 13
1% M a y l3
7% F e b 8
5*2 J ’ly 15
20 A u g lO
62*2 J a n 14
33% F e b 26
2% M ar 3
5 5 7g M a r l2
3 7 % M a y l7
5 M ay25
8 Jan 6
1 9 1 M a r l4
2
38 M a r 1
28 M a r l4
453 Jan 2
4
81 M ay 16
1 9 3 O ot 13
4
A sk
1 1 % N ov 16
1 4 % N o v l8
4 4 % N oy 18
131)2 D e c 2
59 % D e c 5
4 % N o v lo
70 D e c 5
43% O ct 17
10 >2 D e c 6
119 N o v l5
41 % D e c
46 D e c
4113ie D e o
59)4 D e c
108 D e c
22 J ’ n e l8
B A L T IM O R E
Chas B y G * E l 5 s ’ 99 M -S
75% 75% Chari C * A e x t 5 s. ’ 09 J-J
2d 7 s .................1 910 A -O
C ity * Su b 1 st 5 s . . ’ 22 J-D
104%
125
127
C ity & S u b ( W a s ) ls t d s ’ 48
117
118
C o l * G r n v I s t 6 s .l 9 1 6 J-J
C on so l G as 6 s. ..1 9 1 0 J -D
5 s ........................1939 J -D
106%
G a & A la 1st co n 5s ’ 45 J-J
i' 2‘ 4 % G a Car * N 1 s t 5s g ’ 29 J-J
104% 105
G e o r g ia P 1 s t 6 s . . . ’ 22 J-J
110 112
G aSo & F la 1st 5s 1 945J -J
99 % G -B -S B r e w 3-4s 1 951M -S
83
2d in co m e 5s 1951 M -N
K n o x v T r a c 1 st 5s ’ 2 8 A -0
116%
L a k e R E l 1 st g u 5 s ’ 4 2M -S
61
63
M e tS t(W a s h ) ls t 5 s ’ 2 5 F A
M t V e r C ot D u c k 1st 5s
I n c o m e s ..........................
N p t N * 0 P 1 st 5 s ’ 38 M -N
149
G e n e r a l 5 s ___ 1941 M -S
315
304
90
9 2 % N o r fo lk S t 1 st 5s ’ 4 4 .. J-J
N o r th C e n t4 % s 1925 A -O
6s 1 9 0 4 .........................J-J
”98' lbo”
S eries A 5s 1 9 2 6 ___ J-J
S e rie s B 5s 1 9 2 6 ___ J -J
9% 10
P it t U n T r a c 5s 1 9 9 7 .J -J
9
8%
P o to V a l 1st 5s 1 9 4 1 ..J-J
50
S e o A v T ( P it t s ) 5s ’ 34 J -D
S a v F la * W e s t 5s ’ 34 A-O
106% S ea b oa rd A L 4 s 1 950 A-O
100%
Seal) * R oa n 5s 1 9 2 6 . J-J
"8 9 % '99% S ou th B o u n d 1 st 6 s ..A -O
UE1 L A P l s t 4 % s ’ 29 M -N
117
114
U n i t y * E l 1 s t 4 s ’ 49 M -S
In c o m e 4s 1 9 4 9 ........J-D
106%
V a M id 1st 6s 1 9 0 6 ..M -S
2d se rie s Gs 1911 ...M -S
3d se rie s 6s 1 9 1 6 ..M -S
4 th se r 3-4-5s 1921 .M -S
5 th se rie s 6s 1 9 2 6. M-S
V a (S ta te) 3s n ow ’ 3 2 . J-J
F u n d d e b t 2-3s 1 9 9 1 . J-J
100
W e s t N O con 6s 1914 J-J
W e s V a C * P I st Gg’ l 1 J J
W il & W e ld 5 s .. 1 9 3 5 .J-J
106%
B id
A sk
92%
110
105% 107%
118
112
112%
112% 113
” 66% ' 6 7 ”
27
28
74%
31%
118%
76
32%
100
108
84%
84%
93
92%
96
93
97%
98%
98%
63% 64
i ’l 3 "
t R e o rg a n iz a tio n c e rtifica te s $3 a s se s s m e n t paid.
>(><)0
THE CHRONICLE
[ V O L . LXXI5L
fmrestwcut <mtl llatltcrad Intelligence.
RAILROAD
GROSS
EARNINGS.
The following table shows the gross earnings of every S t e a m railroad from which regular w eekly or m onthly returns
can be obtained. The first two columns of figures give the gross earnings for the Latest week or m onth, and the last tw c
columns the earnings for the period from .I n l y 1 to and including such latest week or m onth. W e add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin w ith July, but covers some other
period.
The r e tu r n s o f th e s tr ee t r a ilw a y s a r e b ro u g h t to g e th e r s e p a r a te ly on a su b seq u en t p a g e.
Latest G ross E a rn in gs
ROADS
Week
or M on th
C urrent
year
/Previous
Vear
J u ly 1 to L atest D ate,
C urrent
Y ear
P re v io u s
WEEKLY SUMMARIES
2d
8d
4th
ls i
2d
Sd
4th
lsi
2d
Sd
4tli
1st
week Sept. (50 roads)..
week Sept. (40 roads)..
week Sept. (51 roads)...
week Oct. (46 roads)...
week Oct. (46 roads)...
week Oct. (47 roads)...
week Oco. (45 roads)...
week Nov. (49 roads)...
week Nov. ,49 roads)...
W'eek Nov. (50 roads)...
week Nov. (52 roads)...
week Deo. (43 roads)...
OF
GROSS
?
9,017,197
8,928,593
12,280,423
8,708,991
8,902,024
9,269,091
13,988,402
8,758,879
9,093,461
8.794,167
11,473,957
8,000,382
$
+ 581,167
+749,387
+ 565,368
+564,481
+ 640,721
-,■857,191
+309,569
+721,304
+ 382,325
+971,009
+ 1,864,116
+594,399
Week
or M on th
6-44
3467- 20
9-25
2*21
8 23
4-20
11-04
16-24
7-43
C u rrent
Year
J u ;y 1 to L a test P a t e
P revious
Year
Current
1 ea r
P reviou s
Y ear
s
s
V 8t P & S St M. 1st wk Dec 174,962 158,782
I
8,154
10,820
Mob Jack & K C. Wk Novl9
Mobile & Ohio. 1st wk Dec 144,076 125.116
Nash Ch & St L .. 1st wk Dec 186,419 175,81
}Nat’l RR of Mex 1st wk Dec 234,173 230.116
17,865
16,687
Nev-Cal-Oregon. November
3,612
3,356
Nevada Central.. October...
N Y C & Hud Riv November 7,014,224 6,600,886
N Y Ont A West Ootober... 592,578 493,484
N Y Suaq & West Ootober... 220,860 142,373
Norfolk & West’n October... 2,046,180 2,031,099
Northern Central October... 996,207 889,707
Ncrth’n Paoiflc.. November 4,945,567 4,552,600
18,119
19,637
Ohio Rlv& West.. October...
Pacific Coast Co. October... 557,497 550,729
ePenn—EastPAE October... 107286/5 10725575
I n c . 9, 100
eWestP A E .... October...
Pere Marquette.. 1st wkDec 251,335 215,424
PhilaBalt&W’sh October... 1,145,981 1,189,181
Plitla A Erie... October... 729,319 748,544
Pittsb C C & St L October... 2,168,822 2,247,777
5,086
4,247
Raleigh A C Fear November
Reading Railway Ootober... 3,399,735 2,990,804
Coal A IrOo___ Oetober... 3,223,363 2,421,528
Total Both Cos. October... 6,623,098 5,412,332
Rich Fr’ksb & P October... 116,369 110,754
56,331
64,985
Rio Grande Jet.. Septembei
10,412
7,086
Rio Grande So... 1st wkDec
Rock Is I’d Sys... October... 4,318,813 4,432,933
Rutland RR ...... September 232,345 232,068
St Jos A Or I ....... October... 115,136 131,523
St L A San Fran g October... 3,842,614 3,357,892
St L Southwest. 1st wkDec 196,183 163,847
StL Van A T H . November 278,014 205.876
Seaboard Air L .. October... 1.205.468 1,090,473
Southern In d ___ November 125,110 115,473
So Pacific Co b ... October... 8.938.468 8,918.133
Southern Railw’y 1st wkDec 929,536 893,131
Terre H & Ind . November 180,011 171,418
62,251
44,30a
Terre H & Peor.. November
22,274
23,446
Texas Central ... 1st wkDec
Texas A Paoiflc.. 1st wkDec 284,228 255,180
17,100
17,800
Tex S V & N W Oetober...
63,965
74,366
Tol A Ohio Cent. 1st wk Deo
21,768
23,349
Tol P & W est___ 1st wkDec
61,91
71,746
Tol St L A W ... 1st wkDec
13,0a2
18,590
Tor Ham A Buff. 4th wkNov
(Jn Pac System October... 5,925,773 5,675,575
47,024
47,414
Virginia A So W’n November
Wabash............ 1st wkDec 436,140 40a,835
W Jersey A Sea’e Ootober... 298,430 280.130
73,597
79,333
Wheel A L E ...
1st wkDec
13,595
13,981
Wm’sport&N.Br. Ootober...
Wisconsin Cent.. id wk Deo 120,000 113.876
15,918
21,815
Wrightsv A T’n.. September
Yazoo A Miss. V. November 944,835 805,273
VARIOUS FISCAL YEARS
Allegheny Valley................. Jan.
Atlanta A Chari Air Line_ Mar.
_
Atlantic A Birmingham_ Deo.
_
Belleionte Central................ Jan.
Chic St P Minn A Omaha_ Jan.
_
International A Ot North’n .. Jan.
Lake Erie A Western........... Jan.
Manistee A North Eastern.. Jan.
Manistique............................ Jan.
Maryland A Pennsylvania.. Mar.
Mexican International....... Jan.
;Mexican Railway................ Jan.
{Mexican Southern.............. Jan.
Missouri Pacific.................... Jan.
Central Branch................. Jam
Total................................ jam
{National RR of Mexico...... Jam
Northern Central................. Jan.
X
ePennsy., East of P A E ...... Jii'-I .
eWest of P A E................... Jan.
Pere Marquette.................... Jam
Pliila Baltimore A Wash_ Jam
_
Philadelphia A Erie............ Jan.
Pitts Cin Chic A St Louis_ Jam
_
Rio Grande J unction........... Deo.
Nov.
Nov.
Nov.
Jan.
Jan.
I
Texas A Pacific.
E A R N SNGS— W e e k ly
Current Year Previous Yar Inc. or Dee. P. C.
$
9,598,364
9,077,980
12,845,791
9,273.472
9,542,745
10,126,282
14,297,971
9,480,183
9,475,786
9,765,176
13,338,073
8,594,781
HOADS
Year
*
S
$
82,776 1,368,948 1,291,645
Ala Qt Southern. 4th wkNov 111,945
Ala N O A Texas Pftclllc.
78,318
71,745 1,016,468 1,038,801
h O A No East, 4th wkNov
i
570,022
48,371
510,238
40,10;.
i Ala A Vlcksb’g 4th wkNov
54.729
600,513
587,018
46.308
Violtsb 8h & 1 . 4th wkNoi
’
JJec. 64,437
D e c . 414,030
Allegheny Valley Ootober...
35,570
854,176
912,261
35,358
Ami Arbor.......... 1st wkDec
Ateh Top & 8 Fe Ootober... 5,549,380 6,576,025 21,892,891 23,428,164
929,708
833,585
Atlanta A Char.. September 311,291 297,364
338,349
93,525
219,537
56,816
Atlantic A B lr... Ootober...
1,916,683 1,756,749 6,575,431 6,065,420
Ail Coast Line... October
57,276
13,232
15,708
54,493
Balt A Ann S L .. Ootober
October... 6,181,073 6,024,426 23,374,728 23,906,409
Balt A Ohio.
October... 205,703 193,505
727,974
705,705
Bangor & Aroost
22,306
6,243
5,936
31,264
Bellelonte Cent’! Novemb’r.
4,400
3,947
18,191
16,981
Bridgt & Saco K October...
Bull Booh & gitti 1st wkDec 151,865 115,572 3,716,227 3,646,511
378,596
96,654
343,380
Bullalo ASusq... October... 101,185
770,493
712,694
Cal A North w’n. November 115,5o8 110.948
76,100 1,800,000 1,524,900
85,900
Canadian North. 1st wkDec
Canadian Pacific 1st wkDec 979.000 944.000 23,475,909 21,585,673
Ueut’lof Georgia 1st wkDec 227,400 204,660 4,706,485 4,200,765
Cent’l of N Jersey October... 1,907,602 1,943,011 7,643.582 7,583,711
60,514
2,077
2,304
48.837
Chattan South’n. 1st wkDec
Chesap & Ohio... Ootober... ,807,467 1,714,738 7,017,642 6,504,112
October... 1,300.783 1,121,227 4,709,146 4,194,835
Ohio & Alton Ry.
Ohio Gt Western. lsi wk Dec 136,259 143,117 3,462,171 3,899,879
96,179 2,562,784 2,510,726
Chic Ind ifeL’ v ... 1st wkDec 104,964
Chic Milw A St P Ootober... 5,015,619 4,838,538 17,913,030 17,594,875
Cflie A North W October... 5,372,570 5,548,178 20,313,284 20,291,657
Chic S t P M & O Ootober.. 1,286,785 1,243,406 4,333,303 4,311,566
29,787
699,290
31,529
740,842
Chic Term Tr RB 1st wk Dec
Cin N O A T Pac 4th wkNov 230,787 153,160 3,116,201 2,900.332
ClOin Ch A St L. October... 2,202,569 1,848,517 8,243,248 7,675,186
Peoria A East’n October... 248,757 262,016 1,004.120 1,044,684
Colorado & South let wk Dec 131,792 106,251 2,771.314 2.909,906
22,497
74,801
23,476
75.837
Col Newb A Lau. October...
49,275
222,619
47,624
198,591
Ootober...
Copper Range
20,835
5,712
3,866
October...
32,442
Cornwall........
17,394
79,127
21,110
99,824
Cornwall A Leb.. October...
Deny. & Rio Gr... 1st wkDeo 340,200 277,700 7,628,693 7,991,668
328,632
80,811
77,948
327,233
Det & Mackinac October...
26,073
30.067
681,798
Detroit Southern. 1st wk Dec
762,717
45,703
40,419 1,210,531 1,232,956
Dul So 8h A Atl.. 1st wk Deo
October... 3,938,064 3,835,611 15,996,411 16,944,307
Erie...............
2,109
11,000
3,129
9,620
F’rchildAN’r’e’n Ootober...
7,094
16,689
8,702
13,161
Farm v & Powhat August___
842,436 1,035,806
Ft W A Denv City Ootober... 245,481 283,800
847,178
October... 258,692 269,026
822,457
Georgia RR..
141,941
710,320
Ga South & Fla.. November 136,188
704,248
35,843
57.437
Gila Val G A N .. Ootober...
Gr Trunk System 1st wk Dec 687,127 659,353 16,210,146 16,475,467
i GrTr. West’n. 4th wkNov 136.724 114,728 2,161,280 2,438,182
f Det Or H A i l .. 4thwkNov 38,22b 30,552 651,333 583,072
Great Northern.. November 4,468,014 4,047,399 19,713,323 19,889,506
982,219
Montana Cent’JNovember 201,809 131,806
873,316
Total system. November 4,669,823 4,179,205 20,695,542 20.762,822
42,288
779,571
45,090
Gulf AShlpIsland 4th wkNov
790,719
Hooking Valley.. i st wk Dee 121,022 116,155 2,917,296 2,887,196
Illinois Central.. November 4,475,145 4,071,630 21,412,984 20,226,232
20,383
124,957
25,883
Illinois Southern November
84,548
544,491
514,181
Ind 111 & Iowa... October... 152,534 144,33
Int A GtNorth’n 1st wkDec 121,106 120,761 2,939,910 2,858,306
{Interoo (Mex)... 1st wk Dec 108,737 106,886 2,479,599 2,416,879
47,902 1,151,895 1,073,199
49,862
Iowa Central___ 1st wkDec
785,564
29,155
32,495
Kanawha A Mich 1st wkDec
751,530
Kan City South’n Ootober... 607,761 569,417 2,147,074 2,103,450
LakeEne&Westn November 409,998 406,511 2,203,573 2,332,491
Lehigh Val RR.. Ootober... 3,005,465 2,557,103 10,474,198 10,744,692
157,904
50,301
40.437
Lexing A East’n. ootober...
205,350
I n c . 156,040
Inc. 100,725
Long Island_
_ Ootober...
263,892
68,184
52.000
212,761
Louisiana & Ark. Ootober...
46,040 16,922,480 16,412,804
Louisv A Nashv. 1st wkDec 776,740
12,050
60,007
12,446
Macon & Birm... November
60,252
24,181
8,064
26,432
7,768
Man’teeAGr. Rap September
107,840
31,671
36,899
96,110
Manis A No Eas. September
5,185
6,366
42,823
Manistique......... November
34,508
29.952
121,617
32,289
Maryl’d & Penn.. October...
123,319
2,226,084 8,246,366 8,302,687
{Mexican Cent!.. Ootober.. 2,258,234
{Mexican Intern. October... 586,334 549,428 2,183,392 2,168,882
{Mexican Ry....... WkNov 26 111,700 110,200 2,388,500 2,246,100
27,042
463,390
26,934
^Mexican South’n 4th wkNov
438,018
5,012
28,015
Millen A So’w’n.. October...
7,356
17,632
309,990
Mineral Range.. 1st wkDec
12,797
10.953
254,253
Mlnneap A StL, 1st wk Dec
56,940
64,376 1,402,623 1,402,751
Mo Kan & Texas 1st wk Deo 381,925 315,459 9,646,509 8,439,072
Mo Pac A IronMi 1st wk Dec 678.000 639.000 19.432.334 19.123.528
744,000
Central Branch 1st wk Dec
22,000
824,000
27.000
1st wkDec 700.000 666.000 20.176.334 19.947.528
Total.......
AGGREGATES
Palest (Pro as E a rn in g b
and
MONTHLY SUMMARIES
Month Dec. 1903
Month Jam 1904
39
Month Feb. 1904
60
Month Mar. 1904
48
Month Apr. 1904
Month May 1904
Month June 1904
Month July 1904
Month Aug. 1904
Month Sept. 1904
Montn Oct. 1904
Month Nov. 1904
(1 2 8 rds.)
(127 rds.)
(129 rds.)
(125 rds.)
(127 rds.)
(126 rds.)
(108 rds.)
(125 rds.)
(122 rds.)
(124 rds.)
( 67 rds.)
( 68 ids..
4,051,605 3.650,881
la3,190
146,568
3,632.224 3,385,503
4,505.343 4,321,105
4,773,681 4,759.862
109,358
98,083
9,665
13,634
35.206,470 34,765,891
2,536,403 2,460,371
820,937
840,005
7,829,973 7,785,574
3,689,477 3,611,077
23,462,744 22,734,725
76,602
77,870
2,332,305 2,216,526
40,898,318 43,443,018
Dec. 79 0,000
5,999,357 5,215,363
4,766,376 4,759,576
2,923,850 2,987,158
8,302,346 8,866,095
21,007
20,082
11,833,805 12,117,227
9,814,335 10,419,088
21,648,140 22,536,315
460,104
452,731
145,519
169,915
210,798
208,272
15,367,507 17.174,571
720,734
709,223
458,847
487,966
13,573,995 12,632,768
4,074,639 3,459,914
1,5»2,040 1,083,229
4,308,706 3,999,436
605,605
560,405
31.985,355 32,817,695
21,521,003 20,026,148
980,950
932,267
295,708
271,407
353,296
397,803
5,672,894 5,347,680
56,200
51,200
1,920,125 1,757,702
580,019
572,518
1,738,603 1,467,289
281,171
255,126
20,831,324 19,9a2,259
247,714
299,826
L2,209,715 10,794,473
2,045,069 2,046,769
2,041,6
2,081.615
64,519
65,762
3,236,080 3,168,468
45,871
38,586
3,545,263 3,182,496
C u rren t
Previous
Period
Y ea r
Year
1 to Oct. 31
Dec. $63 8.395
1 to Sept. 30 $2,079,222 $1,895,082
1 to Oct. 31
737,077
1 to Nov. 30
68,390
51,761
1 to Oct. 31 9.313,339 9,908,584
to Deo. i 5,345,317 5.410,266
1
1 to Nov. 30 4,528,802 4,780,236
284,102
1 to Sept- 30
324,151
1 to Nov. oO
64,188
. 8,785
225,945
1 to Oct. 31
221,679
1 to Oct. 31 5,744,999 5,889,433
1 to Nov. 26 5,427,400 4,985,600
949,752
1 to Nov. 30 1,077,923
1 to Deo. 7 38,985,955 38,646,010
1 to Deo. 7 1.549,000 1.426,000
1 to Deo. 7 40.034.955 40,072,010
1 to Dec. 7 10,673,130 10,507,242
1 to Oct. 31 8,568,071 8,651,271
1 to Oct. 31 97,594,094 103598294
1 to Oct. 31
Dec. 2,1 65,100
1 to Dec. 7 11,331.920 10,506,341
1 to Oot. 31 11,339,087 11,383,587
1 to Oct 31 6,394.515 6,595,164
1 to Oct. 31 19.920,506 20,747.939
1 to Sept. 30
453,407
486,598
1 to Nov. 30
278,014
205,876
1 to Nov. 30
171,416
180,011
1 to Nov. 30
02,251
44,306
I to Dec. / 11,105,687 10.933,201
1 to Oct. 31 3,820,521 3,771,621
M o n th ly .
C u rren t Y ea r P re v io u s
136.551,834
121,307,020
118,445,839
133,213,211
132,433,290
130,935,613
113,351.491
132,242,621
145,292.493
151,475,024
66,390,161
63,536,601
Y'ar Inc. or Dec.
$
131,146,421
127,083,582
115.44S.815
133,294,034
136,783,139
134,660,386
114,280,175
139,712,599
144,558.473
147,338.536
63,939,889
57,818,885
{Mexican currency.
b Includes the Hous. A Tex. Cent, and its subsid. lines in both years and for both periods,
operated, g Includes the Chioago A Eastern Illinois In both years
+5,405,413
—5,776.562
+2,997,074
—75,823
—4,349,819
—3,724,773
—928,684
—7,469,978
+734,020
+4,136,488
+2,450,272
+5,717,716
P.C.
4-12
4-55
2-60
0 06
3-13
2-77
0-81
5 35
0-51
2 81
3-83
9 83
e Covers lines directly
Latest y-ross Earnings by Weeks,—-In the table which
follows we sum up separately the earnings for the first
week of December,
The table covers 43 roads and shows
7*43 per cent increase in the aggregate over fehs same week
last year,
1904.
1st week o f December.
Ann Arbor....................
Buffalo Roeh. * Pittsb’g
Canadian Northern. . . . . .
Canadian Pacific______
Central of G eorgia.......
Chattanooga southern.,.
Chicago wreat Western.
Ohio. Ind’plis & Lonisv..
Ohio. Term. Transfer....
Colorado & Southern....
Denver A Rio Grande.
Detroit Southern.........
Duluth So. Shore & Atl
Gr’ndTrunk of Canada)
Grand Trunk West.. >
Det.Gr’nd Hav.&Mil.)
Hooking V a lle y ..........
International & « t .N o ..
Interoceanic of Mexico..
Iowa Central . . . . . . . . . . . .
Kanawha & Michigan....
Louisville & Nashville..
Mineral R a n g e ...........
Minneapolis & St. Louis.
Minn. st. P. & S. Ste. M..
Mo. Kansas & T ex a s.....
Mo. Paolflc & Iron M t. . .
Central Branch,. . . . . . .
Mobile & O h i o ............
Nashv. Chat. < St. Louis.
6
National RR. of Mexico.
Pere Marquette___ . . . . . .
Rio Grande Southern.,.
St. Lou is Southwestern..
Southern Railway
.
Texas C e n t r a l............
T ex a s* P a c ific ..........
Toledo A Ohio Central..
Toledo Peoria & West’n
Toledo St. L. & W est.....
W&bash . . . . . . . . . . . . . . . . . . . .
Wheeling & Lak e Erie...
Wisconsin C en tra l.......
Total(43 ro a d s)........
Net inorease (7-43 p e.h
1903.
Increase.
8
35,570
151,865
85,900
979,000
227,400
2,077
136,259
104,984
31,529
131,792
340,200
30,067
45,703
$
35,358
115,572
76,100
044,000
204,660
2,304
143,117
96,179
29,787
106,251
277,700
26,073
40,419
8,785
1,742
25,541
62,530
3,994
5,284
687,127
659,353
27,774
121,022
121,l0r
108,737
49,862
32 495
776,710
12.797
56,940
174,962
381,925
678,000
22,000
144.076
186,419
234,173
251,335
10,412
196,183
929,536
23,446
284,22r
74,366
23,349
71,746
436,140
79,333
124,000
116,155
120,761
103,886
47,902
29,155
746,040
10.953
64,376
158,782
345,459
639,000
27,000
125,116
175.817
230,116
215,424
7.086
163,847
893,131
22,274
255,130
63,965
21,768
01,917
408,835
73,597
112,967
4,867
345
1,851
1,960
3,3 10
30,700
1,844
8,594,781
8,000,382
Decrease.
3
s
»
212
36,293
9,800
35,000
22,740
..
. _ ,r ____ f n
vnimrTnn*
_____
............
613,920
594.399
______
1901.
$
1903.
$
Increase.
$
Previously rep’d (43r’ds> 12,611,501 10,887,362
111,945
Alabama Gt. Southern..
82,776
Ala. N. O. & Tex Pao.
71,745
New Orl. & No. East..
78,318
40,102
Ala. & V ick sburg......
48,37 1
54,729
46,808
Vicks. 8h. & P a c ......
153,160
230,787
Cin. N. O. A Texas Pac..
42,238
45,090
Gulf & Ship Isla n d ......
Mexioan Railway.___. . .
t r i i i ,7 0 0 H110.200
27,042
26,934
Mexican Southern ___ _
13,082
18,590
Toronto Ham. « Buffalo.
1,794,140
29,169
Total (52 roads)......... 13,338,073 11,473,957
Net inorease (16-24 p.c.i
........
1,934,117
1,864,116
5,000
______________
oBs a
______
___
—
19,521
Decrease.
$
70,001
70,001
Gross Earnings .— , ----- Net Earnings.------- .
Current
Previous
Current
Previous
Tear
Tear.
Tear.
Tear.
—
$
Deo. 33,259
Deo. 764,484
4,400
18,191
514,158
1,997,898
47,624
222,619
3,866
20,835
3,947
16,981
521,842
1,999,602
49,275
198,591
5,712
32,442
1,799
7,150
219,342
814,207
18,487
102,575
def.SO
5,799
4,223
17,978
1,703,840
LI.165,368
1,620
7,093
225,210
846,526
22,183
99,257
1,995
11,885
92,957
57,437
90,978
35,843
38,350
el0,687
34,138
e22,471
2,484,146 2,078,721
222
138
802
15,052
73,058
71,724
595,196
678,005
745.900
2,360,926 1,974,415
832,906
7,199,267 6,859,660 2,365,428 1,858,296
12,602
25,782
23,921
13,769
91,493
39,082
81,196
46,196
115,564
557,497
550,729
123,306
466,486
2,332,305 2,216,526
505,080
8,776,979
6,366
78,785
9,118,699
5,185
64,188
— Int.,
Rentals, etc .— , -Hal. o f Net Earn’gs.—
.
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
■ $
$
$
543
507
1,113
2,172
2,026
5,067
4,978
8,437
5,875
10,050
16,308
33,750
23,500
68,825
76,757
Roads .
Bridgt. & Saoo R iv.Oct
July 1 to Oct 31___
Copper R a n g e ......O c t
July i to Oct S I ....
Dunkirk All. V. & Pitts.—
3,546
*35,711
July t to Sept 3 0 —
3,561
*31,463
Lake 8h. & Mich. So.—
July 1 to Sept 30— 1,530,000 1,440,000 *1,434,146 *1,058,721
354,238
327,019
418,881
478,668
Mo. Kan. & Texas..Oct
958,774
556,193
July 1 to Oet 31— 1,406,654 1,297,103
2,162
Nev.-Oal.-Oregon... Oct
2,191
10,411
11,607
8,650
8,767
37,546
30,315
July 1 to Oot 3 1 ....
Pittsb Shawmut A No.—
71,981
76,053 *df,107,885
July 1 to Sept. 30___
*51,704
20,987
20,589
9,139
11,557
St. Ios.& G r.IsP d..O ct
35,841
88,170
77,405
23,080
July 1 to Oct 3 1 ....
240,447
248,627
*156,089
*67,434
Seaboard Air Line.. Oct
995,839
933,158 *276,434
*64,566
July 1 to Oct 31 ....
23,007
22,942 def.3.084 def 4,982
Tol. Peo. & W est...N ov.
115,080
115,268 def.4,261
10,334
July 1 to Nov. 30___
2,808
2,744
1,338
514
W’msport A No. Br. Oct
11,145
11,146
8,003
7,832
July 1 to O ct 8 1 ....
* After allowing for other income received.
STEEET RAILWAYS AND TRACTION COMPANIES.
E ASKINGS.
Net Earnings Monthly to Latest Dales.—-The table follows
lag shows the gross and net earnings of Steam railroadreported this week, A full detailed statement, including all
roads from which monthly returns can be obtained, is gives
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of Nov. 19
1904, The n est w ill appear in the issue of Dec. 24,1904.
5,953
19,000
Net Earnings.Previous
Current
Tear.
Tear.
$
$
Interest Charges and Surplus.
g ross
6,57S
8,269
8,421
77,627
2,802
1,500
108
5,508
$
Previous
Tear.
$
Phil a. & E r i e .t o .O c t
729,319
748,544
276,074
252,176
Jan, 1 to Oct 3 i ___ 6,394,515 6,595,164 2,252,815 2,137,364
Pitts. Shawmut A No.to—
July 1 to Sept 3 0 ....
230,906
18,852
88,474
223,827
Raleigh A 0. Fear.aNov.
5,086
4,247
2,602
1,760
July 1 to Nov. 3 0 ....
21,007
20,082
9,451
8,591
Sieh. Fred. A P o t..O ct
116,369
32,722
110,754
32,504
July 1 to Oct 31 ....
460,104
452,731
137,043
136,223
115,136
St. J o b . & Gd. Isl.to.Oct
131,523
32,146
30,126
July 1 to Oct 3 1 ....
458,847
100,485
487,966
124,011
Seaboard Air Line aOct 1.205,468 1,090,473
402,991
296,789
July 1 to Oct 3 1 .... 4,308,706 3,999,436 1,259,071
979,915
134,211
119,950
Southern Indiana.bOct
60,734
57,300
480,495
444,932
July 1 to Oct 3 1 ....
214,617
219,950
111,606
97,971
Tol.PeorlaA West.bNov.
17,960
19,923
661,782
July 1 to Nov. 3 0 ....
550,751
110,819
125,602
13,981
W’msp’rtA No.Br.aOct
13,595
4,146
3,258
64,519
65,762
July 1 to Oot 3 1 ....
19,148
18,978
7,436
______________
II These figures are for week ending Nov. 26.
Roads.
$
$
Allegheny Valley..Oct.
Dec. 64,437
Jan. 1 to Oct. 31___
Deo. 638,395
Baltimore & Annapolis
Short Line.a....... Oct.
13,232
15,708
July 1 to Oct 3 i ___
57,276
54,493
Balt. A Ohio Go. b Nov. 5,757,747 5,319,863
Roads.
___
For the fourth week of N ovem ber our final statem ent oo vers
and shows 16*24 per cent increase in the aggregate
over the same week last year.
4th week o f November
Current
Tear.
$
c Net earnings here given are after deducting taxes,
a
b '**» earning* hereglven arebeforedertustinertas-es.
e Expenditures for betterments are Included In operating expenses.
„
18.960
10,602
4,057
35,911
3,326
32,336
S6.405
1,172
29,048
10,401
1,581
9,829
27,305
5,736
11,033
_
227
6,858
____ - r t r
16,180
36,466
89,000
__ r
_
52 roads,
Bridgt. & Saco R.b. Oct.
July 1 to Oct 3 1 ....
Chlo.Ind.ALouls.a Oct
July 1 to Oct 3 1 ___
Copper Range.a ..O c t
July 1 to Oct. 3 i ___
Com wall, a ............. Oct
July l to Oct 3 i ___
Dunk’k All. V. A Pltts.b—
July 1 to Sept 30---GllaVal.Globe&N.. Oct
L. Sh. & Mich. South b—
July 1 to Sept 30___
Manistlque. b........ Nov.
Jan. 1 to Nov. 3 0 ....
Milwauk. Gas L. Co.Nov.
Jan. 1 to Nov. 30___
Mo.Kan. A Tex as. a. Oct
July 1 to Oct 8 1 ....
Bfev.-Oal.-Oregon.aOct
July 1 to Oct 81 —
Paciflo Coast Co.a.O ot
July 1 to Oot 31___
269 ?
.
THE CHRONICLE.
D e c . 1 7 ,1 9 0 4 . J
Albany & Hudson. . .
American R’ys. Oo.llAur. Elgin & Ohio. Ry
Binghamton Ry.........
Burlingt’n (Vt.) Trae
Cal. Gas & Electric.
Cent Penn. T ra ct...
Chicago * Mil. Eleo.
Ohio & Oak Park.—
Gin, Dayton A Tol.Tr.
Oln. Newp.A Oov.Ry.
Citizens’ Ry. A Light
(Muscatine, Iowa)..
01eve.& So.W.Tr.Go.,
Oleve. Painsv. A D L
E ...
Detroit United Ry..®
Duluth Street Ry ..
East St. Louis & Sub.
Elgin Aurora & Sou.
Ft. Wayne & Wabash
Valley Traction..to
Geary Street Ry —
Havana Eleo. Ry. Co.
Honolulu Rapid Tr.
& Land Co..............
Houghton Co. 8t. Ry
Houston Eleo. St. Ry
Illinois Traction Oo..
indianap. A East Ry
Indianap.® Martins
ville Rapid Tran..
Indianapolis* North
western Traction.,
(ntemat’l Tract. Co
System (Buffalo)..
Jacksonville Elee.Oo.
Kansas City Ry. A Lt.
Lake Shore Eleo. Ry
Lehigh Val. Trao.Oo.
Street Ry. Dep.......
Kleotrlo Light Dep.
Lexington Ry. . . . . . . .
LoudonSt. Ry.(Oan.)
Mad. (Wls.) Traction
Mat. West Side Elev..
MU. Eleo Ry. A Lt.Oo
Mil. Lt. Heat & Tr. Co
Montreal Street Ry.
Muncle Hartford A
Ft. W ayne..............
Musk. Tr. & Light. Oo.
Street Ry. Depart..
Eleotrio Light Dep.
Gas Department...
Niagara St. Oath. &
Toronto R y............
Norfolk Ry. A Lt. Oo.
Railway...................
City Gas O o . ........
Latest Cross Sarnings
Our’ nt
Week or M Year.
.c
Prev’ ut
Y ear.
Jan. 1 to Latest Date
Current
Year.
Previous
Year.
*
a
October... 24,179 22,663 246,098 231,674
November 110,668 103,784 1,312,264 1,247,852
382,890
October ... 42,713
November 18,434 16,909 230,385 219.113
69,553
5,670
72,331
5,790
November
October... 378,402 244,279 3,242,109
November 88,679 38,705 477,997 471,1*58
Ootober... 55,625 43,307 379,902 237,943
November 68,638 67,036 727,112 737.919
420,351 438,153
Ootober... 47,911 46.667
755,916 739,249
September 85,966 90,991
Ootober... 10,720
November 41,047
October... 19,753
1st wkDee 79.380
1st wkDee 12,129
November 129,821
Ootober... 37,946
88,467
81,543
7,941
87,86'
438,289 411,748
18,332
191,946 183.216
74,786 4,213.675 4,092,151
11,384
577,197 581.591
94,677 I,
953,718
248.148
379,043 383,151
37,011
622.977
September 78,669
November 13,677
J2 8 .8 0 6 II ,
tl,38S,251
600,257
Wk.Deo 11 135,897
Ootober...
Ootober...
September
Ootober...
October...
28,074
17,965
33,615
91.073
20,806
26,102
15,452
38,598
75,94:
18,015
Ootober...
9,779
37,109
227,826
160,550
792,048
181,576
651,455
132,875
8,896
September
271,024
165,738
d i l l , 281
Ootober... 354,811 336,978 3,479,605 3,339,776
202,289
Ootober... 29.359 20,436 240,681
v l. 864,972
Ootober... 403,900
523,250
Ootober... 59,588 55,336 550.760
530,324
Ootober... 45,464 43,865 512,821
129,255
Ootober... 15,502 15,696 137,280
263,349
282,256
Ootober,.. 32,439 30 377
146 306
13,646 13,790 150,754
Ootober...
91,987
83.900
7,601
7,163
November
November 173,704 171,221 1,895.253 1,878,266
Ootober... 278,9 28 262,917 2,643,722 2,498,614
Ootober... 38,726 35,313 387,187 356,760
Ootober... 122,276 206,601 2,100,671 1,897,743
November
Ootober...
Ootober...
Ootober...
5,919
3,430
3,984
167,069
15,682
Ootober.
July.
July.
74,237
9.446
71,428
7,742
78,135
28,257
36,940
78.603
29,535
37,372
191,417
5,496
3,223
4,275
184,075
372,925
90,708
343,040
78.915
269*2
TH E CHRONICLE.
ran. I to Laiesi Date
Preveout
Tear.
Latest Gross earning*.
gross
Earnikgb .
Vor. OhloTr. & Lt. Oo.
Northern Texas Trao.
Northwestern Kiev..
Oakland Trans. Cons
Clean St. Railway...
Orange Oo. Traction.
Peeks. L’t’g ARB. Oo.
Pottsv. Union Traot.
Bys Oo.Goq.—Roads
Light Go's...............
Rochester Rallwav .
Rooh. & East. Rap. Ry.
Rookford Beloit &
Janesville.......... .
8t. Joseph (Mo.) Ry.
Lt. Heat & Pow. Co.
Sao Paolo (Brazil)
Tram. L’t & Po. Oo.
Savannah Eleot. Oo.
Soranton Rallwav...
Seattle Eleotrlo Oo...
8ooth Side Elevated
Springfl’d & Xenia Tr
Syracuse Rap.Tr.By.
Tamna Eleotrlo Co...
Terre Hte.Tr. &Lt.Oo
Toledo Rys. & Light
Toledo & Ind. Ry—
Toledo & Western..
Toronto Railway_
_
T-vin Otty Bap. Tran
Un’d Rys.of St.Louis
Onlted of San Fran
Wash. Alex. A Mt. V.
Youngstown Sharoa
|
Week orMo Vur’nt \Prev’ut Ourrent
Tear.
Tear.
Tear.
•
*
$
*
November 71,388 69,049 819,115 810,622
November 47,631 40,358 509,645 423,221
November 111,480 107,133 1,167,029 1,131,956
Ootober... 112,496 99,624
66.372
9,242
79,869
September
9 .0 5 0
November
8,333
7,647 109,207 102,182
83.197
September 10,843 10,527
180,272
187,593
November 16,025 1 5 ,2 5 1
November 24,403 22,434 3»1,8 23 290,070
2,409
22.616
21,258
November
2,102
November 118,611 104,887 1.351,858 1,159,349
d. 90,56fc
Ootober... 19,331
November
9,746
9,788
118,807
November
59,111
60,903
624,186
Wk Nov27
Ootober...
November
Ootober ...
November
Wk.Dec.ll
Ootober...
Ootober...
Ootober...
Ootober...
August...
Ootober...
Wk.Deo 10
1st wk Deo
November
October...
November
Ootober...
28,456
48,171
70,091
203,232
127,740
835
71 828
32,709
47,405
150,196
9,152
20,880
45,131
81,943
875,524
595.445
20,134
34.109
16,843
43,697
66.978
186.60)
215,097
684
70,016
27,14?
44,409
142.651
7,389
122,209
44,154
78,473
592,769
568,690
17,565
d 698,730 d 587,761
450,054
429,775
794 390 757,470
1,911,897 1,725,108
1,385,798 1,488,178
705,236 664,684
295.418 260,692
468.04?
387,233
1,440,14? 1,368,580
183,647
2,263,178 2,017,272
1,010,304 3,781,385
9,269,674 6,658,757
5 ,5 1 2 ,4 5 5 5,149,266
226,877
211,955
379 208
t Spanish silver.
| Those arc results for properties owned
|
1 These are the oombined earnings of all the constituent companies.
>
d Figures here are from Jnly 1.
u These earnings Inolnde C Detroit United Ry., Detroit * For
he
Hnron Shore Line and the Sandwich Windsor A Amberstbnrg Ry.
v These figures are for period from June 1 to Oct. 31.
[V O L . LXX1X
ANNUAL
R EPO RTS.
Annual Reports.— The follow ing is an index to all annua!
reports o f steam railroads, street railw ays and miscellaneous
companies which have been published since the last editions
of tne R a i l w a y a n d I n d u s t r ia l and S t r e e t R a i l w a y
Sections.
This index does n o t include reports in to-day’s C h r o n ic l e ,
R a i l r o a d s , E t c .—
Page. \
Alabama Ureal SouLhern.............. 2 85
A la b a m a * Vicksburg............
llb M
American Cott >n Oil ........... 2145, 2156
American Malting.....................
2031
Atlantic Coast L in e .............. 2204. 2200
Baltimore & O hio.................. 2452,2471
Bangor & A roostook .........................20-2
Butlalo Gas
..........................
2585
Buffalo * Susquehanna,........2081,20m
Central 1 aciflc ..
’
2453;
Chicago Burl * Quincy ___ 1850,1944
Chicago * Eastern Illin ois..............1951
Chic. R. I. & Pac. R a i l r o a d ..............1951
Chic. K. I & Pac. R y . . .. 1700,1716, 1951
Clncin. Ham. * Dayton ...............1952
Cincln. N. O. & Texas Paclflc___ 21)3
Cleveland L 'rain & W heeling.......22^5
Cleveland Terminal & V alley........ 220>
Colo ado Fuel & Iron .
............. 2146
_
Consolidated Rolling Stock C o _ 2586
D etroit & Mackinac........................ 2U5
Detroit Southern............................. 2202
Dominion Iron & S t e e l................... 2<:03
Edison Elec. Ill o f B oston.............2C83
Evansville * Terre Haute. . ----- 2082
General Asphalt (statem ent June
29, 1904) .........................................2686
Georgia Southern & F lorida..........2585
Great N Ttheru...................... 1919, 1958
Greene Consolidated Copper..........2203
Indiana Illinois & Iow a................... 2810
Iowa Central..........
..................... 2201
Kansas City Southern........... 2201 2 i l l
La Belle Iron W orks........................2454
Ra il r o a d s ,
e t c .—
Page.
Long Tslatid ................
2838
Louisiana & Arkansas ... .. 20t2. 2096
Louisville H enderson & St. Louls.2144
Maine Central ...................................2640
Mergenthaler L in otype.................. 2145
Minneapolis & St. Louie.................. 1952
Mobile & Ohio
2082
Nevada-California-Oregon............. 2841
New England otton Yarn............. 2204
New Or eans & Northeastern........ 25St
New Yor« Susquetranna & W e s t..19.53
Pacific Coast................. 1954, 20s3, 2093
Pullman Com pany............................ 2083
Rock Island Company
............ 1950
St. Joseph * Grand Island..............2201
8t. Louis & San F ra n cisco............. 1951
Southern Pacific ................. 2452, 2461
Standard M illing.
1954
Toledo St. Louis & W estern..........2144
Torrington Company
.................. 2084
Underground E lectric Rys. of
L o n d o n ...
............... 2145,2153
Union Natural Gas Corporation
(official statement Sept. 1,19041.2841
United Fruit
....................2453, 2475
United States G lass...
2454
United States Red. & Refining.
2453
United states Steel Core. (9 mos.).1958
Vicksburg Sarevenort Sc, Pacific.. .2584
Western Maryland............................ 1953
W hite Pass & Y ukon ........................2688
St r e e t R a i l w
a y s .—
Boston Elevated R y......................... 2597
M ontreal Street R y ...........................&202
Western Maryland Railroad.
('O ffic ia l S t a t e m e n t o f S e p t . 7 , 1 9 0 4 . )
The statement made to the New York Stock Exchange
npon the listing of 838,760,000 1st mortgage 4 p. c. tends of
Street ftailw af Net Earnings,—-The following table gives 1952 contains information which we summarize as follows:
the returns of Street railway gross and net earnings received ofTotal oapltal stock 6outstanding $16,009,400 In shares of $50 eaob,
which $324,000 Is p. o. non-voting preferred.
this week, The last general summary which we furnish once
The 1st mortgage 4 p. e. bonds are dated Oot. 1, 1902, and matnre
a month, and in which we bring together ail the roads from Oct. 1, 1952; principal and interest payable In gold, without deduc
or
the company may be required to
which monthly returns can be procured, was given Nov. tion for any t-*xanytaxes which future law; denomination $1,000, pay
or retain under
present or
and
26, the next will be given Dae, 81.
In ease of registered bonds, such multiples thereof as the directors or
Gross Earnings .— - ------Net Earnings.— .
—*
Current
Previous
Current
Previous
Tear,
Tear
Tear.
Tear„
$
$
$
$
5,067
24,179
22,663
6,264
246,088
231,674
63,222
78,855
18,434
16,909
7,740
6,971
101,457
230,385
219,113
104,264
37,865
35,522
15,589
14,988
—
Roads.
Alb’ny & Hud. RR.aOct
Jan. 1 to Oct. 3 1 ....
Binghamton Ry.b..Nov.
Jan. l to Nov. 3o___
Oot. 1 to Nov. 3 0 ....
Central Pennsylvania
Traction C o ........ Nov.
38,679
) ,809
38,705
4,714
Jan. 1 to Nov. 30___
477,997
471,158
70,217
122,618
Cleveland & Southwest’n
Traotion Co..........Nov.
41,047
37,861
16,758
14,952
Jan. 1 to Nov. 30___
438,289
411,748
165,712
169,227
Detroit United Ry.n (all
345,100
properties). a . . . . . Nov.
368,791
156,180
140,473
Jan. l to Nov. 3 0 .... 4,153,946 4,033,417 3,629,544 1,647,072
129,821
East St. Louls&Sub.Nov.
94,677
81,930
47,746
Jan. 1 to Nov. 30. ... 1,248,148
953.718
697,639
483,108
7,601
1,220
Madison Traction Nov.
7,163
2,942
Jan. 1 to Nov. 3 0 ___
91,987
83,909
37,851
32,819
Mancie Hartford & Fort
15,682
Wayne Ry Co.a.-Nov.
9,025
Jan. 1 to Nov. 3o —
167,069
89,587
North. Ohio Trac.& Light
C o.a..„..... ............ Nov.
69,049
71,388
32,468
31,028
Jan. 1 to Nov. 30
819,115
810,622
373.673
369,338
North. Tex. Traot. t Nov.
o
47,634
15,880
40,358
18,263
Jan. 1 to Nov. 30 ...
509,545
193,120
423,224
223,599
Orange Co.Tract. ..Nov.
8,333
7,647
503
1,238
July 1 to Nov. 3 0 ....
57,762
60,404
21,280
19,428
Rookford B eloit* Janes9,746
ville.'................... Nov.
9,788
3.999
4,035
Jan. 1 to Nov. 3 0 ___
118,807
122,209
49,869
57,205
St. Joseph Ry. Light Heat
< Power------------ Nov.
fe
50,903
59,111
27,288
21,497
Jan. 1 to Nov. 3o. ..
624,186
284,524
Soranton Ry. Co_ Nov.
_
28.172
70,091
66,978
31,721
Jan. 1 to Nov. 30___
794,390
757,470
353,516
331,167
a Net earnings hero given are after deducting taxes,
b Net earnings here given are before deducting taxes.
n These earnings include the Detroit United By., Detroit & Fort
Huron Shore Line and the Sandwloh Windsor & Amherstburg By.
Interest Charges and Surplus.
— Int.,
Roads.
Detroit United Ry. (all
properties).......... Nov.
Jan. 1 to Nov. 30___
Northern Ohio Traction
& Light Oo...........Nov.
Jan. 1 to Nov. 3 0 ___
North. Texas Traot Nov.
Jan. 1 to Nov. 3 0 _
_
Rookford Beloit & Janes
ville.......................Nov.
Jam 1 to Nov. 8 0 ___
Soranton Ry. Co___Nov.
Jan. 1 to Nov. 3 0 ....
Rentals, etc.
Ourrent
Previous
Year.
Tear,
$
$
-Bal. o f Net Eatm’gs
Current
Previous
Tear,
Year.
$
$
90,511
982,167
84,007
912,890
‘ 69,412
‘ 685,255
*59,209
‘ 769,573
23,024
249,149
10,350
111,472
22,755
244,867
9,673
101,886
9,444
124,524
7,918
112,127
8,273
124,471
6,207
91,234
2,671
29,638
18,661
203,118
2,616
27,615
19,786
217,6t4
1,328
20,031
13,060
150,398
1,420
29,590
8,386
113,523
After allowing fo r other inoome reoelved.
the exeoutive committee may from time to time prescribe.
The following tables show: (1) The road owned in fee and
covered as a direct first lien by the mortgage securing the
bonds of 1952; (2a) the lines of road owned by the West Vir
ginia Central & Pittsburgh Ry., whose stock is ail pledged
under the Western Maryland first mortgage; (2 b) the roads
controlled by the West Virginia & Central Pittsburgh by
ownership of all or a majority of their capital stock and so
indirectly contributing to the security of the Western Mary
land first mortgage; (3) the lines leased by the Western
Maryland for interest on bonds (and in case of Baltimore &
Harrisburg Ry, for dividends also on preferred stock) or
otherwise controlled, a majority of their stock being pledged
to secure the Western Maryland bonds; also the line of the
Baltimore & Cumberland Valley Extension RR., the lease
hold interest in which is pledged under the mortgage:
(l) R oad Ow n ed in F ee and Co vere d as D ir ect F i r s t
Line o f Road
Hillen Station, Baltimore to Madison sts., Baltimore..................
Fulton Junction, Baltimore to Williamsport. Md.........................
Line in Hagerstown, Md., connecting B. & O. andN. & W. RRs.
Conneoting line under construction trom Big Pool, Md., (directly
across the Potomac River from Cherry Run) to West Virginia
& Central Pittsburg Ry., at or near Cumberland, Md., about.
L ie n .
Miles.
-40
90-29
1-79
60-00
Total road owned and under construction............................ 152-48
Also all equipment, franchises, etc., connected with the aforesaid
lines and all other property, real and personal, constructed or ac
quired with the proceeds of these bonds; also all leases and oontraots
except a lease of the Washington & Franklin RR., dated July 1, 1901.
(2a) E ntire Stock O w ned and Pledged U nder W estern M a r t -..
land M ortga ge .
Company and Property
Miles
Total
Amount 1si if. B'ds
Owned Road.
Stock.
Pledged. Outstand’g.
West Va. Cen. & Pitts. Ry.—
Piedmont to Elkins W. Va ,
85-6 miles and branches
All.
$3,250,000
47 miles.......„...................... 132-6 $10,564,100
Also over 100,000 acres
bituminous coal lands
on eastern slope of Alle
gheny Mountains and In
terests In other companies
shown below.
(2b) ROADS CONTROLLED BY WEST VIRGINIA CENTRAL & PITTSBURGH.
MilesTotal
s mount ls( if. B'ds
Company and Property
Road.
Stock.
Owned. Outstand’g.
Owned
Coal Iron Ry.—
Elkins to Dnrbln on Ches. &
$1,000,000
x AIL
& Ohio R y.. about............ .
47 $100,000
Piedmont & Cumberland Ry ,
Cumberland, Md., to Pied
650,000
30
650,000 $595,600
mont, W. Va., about..........
Marshall Coal & Lumber
Co. (W. Va.) owning 12,000
aores timber and ooal land
None.
117,500
eastof Davie, W. Va...........
120,000
Buxton & Landstreet Co.
(W. Va.). operating general
supplies stores in six towns
None,
x All.
100,000
(Elk Garden, eto ). W. V a _
_
...
Davis Coal & Coke Co. (W.
Va ), seller of ooal and ooke
in New York, Chicago,
Boston, Baltimore, Phila
None.
x All.
delphia, eto........ .................
200,000
Total bonds of W. Va. Central and Its subsidiaries— $4,900,000
<3) L ines L e a se d , E tc ., b y W estern M ar yla n d —Stock O w ned
P ledged H e r e u n d e r .
M ile s
road .
Balto. & Harrisburg Ry.—]
Emory G rove, M o., to Orr- ) e6'00
tanna, Pa., and bran ches... |
Balt.&Com berland Vai. R v .— )
Edgemont, Md.. to Pennsyl- > 8'03
■
yanla State l i n e ....................1
Balt. & Cumberl’d Val. R R . — )
Maryland State line to > 4"55
W aynesboro, Pa................... )
P otom ac Valley R R . o f M d.—1
Pot. Val. Junct. to Cherry I
Run, W . V a ............................. y3O-0
P orter’s, Pa., to York, P a ... J
Balt. & Har. Ry., W est E xt.— )
Orrtanna, Pa., to H igh-,- 16-0)
field, M d ................................ . 1
W estern Md. Tidewater R R .
(new)—Fulton Jet. to tide
water terminals at fo o t o f
Gould St., Balt (see below)
5"93
Balt. & Cumberland Val. R R . )
Ext. Co. - W aynesboro to (86-52
Shippensburg, P a ..................)
L ea sed
t ill .
1936
T o ta l
s to c k .
A m o u n t 1 s t M .b d s .
p le d g e d .
o u t s V d ’ g.
f $ *29,0001
j com m on 1 $658,450
*291,000 - com m on
(_ t>% pref. 1
*690,000
5%, 1936
1929
42,500
76,700
$42,150
75,450
*48,500
(
1929
(
1029
72,C00
6$
19z9
t>%
(
(
1941
500,000
1939
240,000
5,000
1931 and 1 zP.90/00)
renewals. ( guar, f
,•$1,300,000
5%
x all •
1941
( $240,000
x all
(
1938
x all
None
None
( $330,000
1931
1
$2,531,300
Total bonds o f leased, e(c., lines.
x E xcept shares to qualify officers or directors.
y Includes the follow ing subsidiary roads whose capital stock is all owned by
P otom ac Valley R R . o f Md. and their road Included under its mortgage, viz.:
P otom ac Yalley RR, o f W . Va., W . V a. State liDe to Cherry Run on B. & O.
R R . 0’ 70 miles; Balt. & Harrisburg Ry. Eastern Extension, P orter’s Junction
to York, Pa., 16'flO miles.
at O f the stock $270,000 is guaranteed 7% and the rem ainder 5% per annum.
There are outstanding to an aggregate of about $100,000
certain short-term purchase-money mortgages upon various
station grounds. Except for these mortgages and the bonds
shown in the preceding tables the properties are free from
prior bees.
The total authorized issue of Western Maryland first mort
gage 4 p. c. 50-year gold bonds is $50,000,000 and the bonds
have been, or are authorized to be, issued as follows :
PU R PO S E S T O
WHICH
TH E SE $50,000,000 BON DS
TO B E A P P L IE D .
H A VE BEEN
OS
Cleveland Loraia J Wheeling Kail way,
fc
( Report for Fiscal Year Fading June SO, 1904.)
President Oscar G-. Murray says in substance:
As compared with the previous year, there was a decrease in earn
ings of $319,247, reflecting the business depression which hasmarked
the year. The increase in operating expenses for the same period.
$272,071, is attributable to expenditures for reconstruction of line,
chargeable to operation, as authorized by your board, increased rates
of nay, severe floods and unprecedented weather conditions prevail
ing daring the winter months.
The oar trust liabilities outstanding at June 30, 1903, viz., $3,906,
have been paid and equipment released.
On account of additions and permanent improvements to the pro
perty authorized by your board, there was expended during the year
$2,121,125, viz : construction, $1.363,491; permanent improvements,
$627,634; property at Lorain (charged to real estate).$130,000. To
this expense was applied: Reserve from income of previous years,
$325,336 ; leaving balance to be provided for, $1,795,789.
[The expenditure for construction inolndes snoh important items as
the terminal yard and shop improvements at Holloway, O., $410,745;
double track, reduction of grades and improvement of alignment from
Holloway to Bellaire $497,339; a low-grade line, right of way and
bridge (out off) at Medina $101,294. The “ permanent improvements”
Include chiefly $619,449 spent on the line between Hollowav and Bel
laire, Ohio, to reduce maximum gradient west bound from 1 -1 2 p. c. to
5 p. c. compensated and for the construction of double tracks from
viaduot No. 154 1 mile west of Flushing tunnel to Bridgeport with the
exception of 41 miles east of Falrport and 13 mile east of Barron.]
a
In the last annual report a reference was made to the company’s
obligations as endorser of the bonds of the Massillon & Cleveland Coal
Co.: these bondshaveeincebeeapurohasedataoost, including matured
interest, of $113,044, The coal company is now In process of liquida
tion and the difference between the amount realized and the cost of
the bonds will be charged to profit and loss.
Your company was the owner of an undivided half interest in pro
perty at Lorain; the outstanding interests were acquired through
purchase from the Reid Estate at a cost of $130,000, thus securing ab
solute ownership of this lake terminal property, and discontinuing the
payment of rental, which was subject to increase based upon the
appraisal value of the land.
Statistics.— Operations, earnings, charges, etc , have been
as follows:
ARE
Already issued for acquisition of all debts, obligations,
etc., of the company formerly belonging to the city of
Baltimore, all said debts and obligations having been
assigned and released ................... .........................................x$9,5 0,000
Already issued for acquisition of *10,349,700 capital
stock of West. Va. Cent. & Pittsburgh Ry. (the company
has since acquired and pledged under the mortgage all
the remaining $214,400 stock, making the entire issue
now pledged)............... ................. .............. ...........- .............. x ll,0 0 0 ,0 0 0
Already issued in partial reimbursement of company for
acquisition of additional equipment marked as subject
to uen of said mortgage........................................................ x l , 000,000
Already issued, but proceeds ($3,500,000) deposited with
trustee to cover cost of connecting Hue now under con
struction between Big Pool (opposite Cherry Run) and
Cumberland), 60 miles. This fund had not been drawn
upon up to Sept. 7,1904. although the expenditures to
Aug. 1 ,1904, at which date the line was estimated to be
37 p. 0 . completed, aggregated approxim’y $1,740,0(0.. x 3 ,500,000
Issued or issuable to pay for terminals and terminal fa
cilities in and adj-icent to the city of Baltimore.
fa; Already issued for said purposes ...........................
x l,835,000
(b) Certified, but held by trustee subject to withdrawal
forsa’d purposes.....................................................1,165,000
Reserved for acquisition of a like amount of outstanding
bonds of West Va. Central & Pittsburgh. Piedmont &
Cumberland and Coal & Iron Ry. oompanles....................
4,900,000
Reserved for acquisition of a like amount of outstanding
bonds of lines leased, eto,, as shown above......................
2,58! ,300
Reserved for construction or acquisition of branches or
extensions of the railroads controlled, tbe completion
of the lines of railroad of the Piedmont & Cumberland
Ry. Co. and the Coal & Iron Ry. Co. and for branches
thereof, and the construction or acquisition of ter
minals, equipment, betterments, improvements, eto___ 12,593,700
Already Issued for purposes named in last preceding sec
tion............................................................................................. x l ,925,000
The total amount of bonds listed on tbe New York Stook
Exchange, $28,760,000, includes the items above marked “ x.”
“ The lines of this company, the West Virginia Central &
Pittsburg Ry. Co,, and the leased and affiliated companies,
will, npon the completion of tbe line in process of construction
between Big Pool (opposite Cherry Run) and Cumberland
form a system extending directly from tbe coal and mineral
regions of West Virginia to tidewater at and adjacent to
Baltimore City, and aggregating approximately 500 miles of
railroad. The work of construction upon this connecting
link was not commenced and actively prosecuted until the
fall of 1903, but is now progressing with an average force of
about 2,700 men and corresponding construction outfit.
Rights of way, excepting overlands owned by the Chesa
peake & Ohio Canal Co., have been substantially acquired,
Legislative authority for the condemnation of rights of way
over tbe canal lands and crossings of the canal was obtained
at the last aeision of the General Assembly of Maryland,
The work upon this line is advancing simultaneously over
different portions of the entire line, with a view of the earli
est practicable date of completion, and the engineers estimate
that 37 p. o. of the entire construction work was completed
on Aug 1, 1904. The tide-water development consists of the
5 98 miles of main track of the Western Maryland Tidewater
RR. Co., extending from our mum line at Walbrook
Junction to tbe Port Covington terminals in Baltimore City,
the latter including double-track merchandise pier with floor
space of about 90,000 square feet, coal pier with unloading
capacity of 4,000 tons in twelve hours, and car float facilities
adequate for harbor transportation and local distribution.”
See also further important data in V. 79, p. 782.
The company’s balance sheet of May 31, 1904, and its con
solidated income account fer the eleven months ending that
day, both included in the statement to the Stock Exchange,
have already been published in the Chronicle, V. 79, p. 783,
1953 —V . 79, p. 2589, 2207.
O P E R A T IO N S A N D F IS C A L R E S U L T S .
Operations—
1903-04.
1902-03.
1901-02.
1900-01.
Revenue tons oar’d. 4,767,977
5,199,831
4,705,588
3,634,045
Tons (rev.) 1 mile..459,917,711 521,525,555 445,663,411 345.651,173
Ton rate per mile... 0 ’547 ots.
0-555 ots.
0-541 cts. 0-521 ots.
Passengers cawed..
405,315
464,971
484.656
501,243
Pass, carried 1 mile.
9,946,328 10,035,114 12,930,630 13,090,128
Pass rate per mile..
2-lets.
2 -lo ts.
1-93 cts.
1 6 7 cts.
Earnings—
Freight..................... $2,578,070 $2,895,626 $2,411,277 $1,800,402
Passengers...............
221,906
229,131
249,292
217,982
Mail, express & mis.
39,799
34,267
32,019
45,269
Total.................. $2,839,775 $3,159,024
Expenses—
Malut. way & struc.
$501,801
$336,719
Malnt. equipment ..
486,706
374,418
Conduct, rransp’ n ..
1,238,684
1,262,281
General expenses..
75,489
57,190
Taxes.........................
82,705
67,633
$2,692,588 $2,063,653
$306,455
261,354
843,967
96,932
67,151
$404,820
242,430
596,163
78,582
56,373
Tot.op.ex.&tax. $2,385,385 $2,098,241 $1,575,859 $1,378,368
P.o.of exp. to earns.
(83-99)
(68-42)
(58 52)
(66 79)
Net earnings..........
454,330
1,060,763
1,116,729
685,285
Deduct—
Inr. on mort. bonds.
$337,400
$337,400
$337,400
$337,400
Int. on car trusts...
21
1,875
4,875
Miscellaneous (net).
2,102
26,822
25,456
32,540
.
C om pany and
p r o p e rty ow n ed .
'2693
THE CHRONICLE.
D e c . 17. 1904.]
Total..................
$339,502
$364,243
$364,731
$374,815
Balanoe, surpus
$114,888 $696,539
$752,G O
O
$310,470
Note —On Deo. 15,1904, there was paid a dividend of 2*$ d . o. upon
the preferred stock, “ as the full dividend of all earnings applicable to
dividends up to June 30, 1904.” V. 79, p. 2587.
G E N E R A L B A L A N C E SH E E T JU N E
488^8“
1904.
$
30.
$
L ia b ilitie s —
Road and e q u ip ...21,1 02,316 20,585.7F5 P referred s t o c k ...
Real estate ..........
3U5,o( 0
175,000 Common s t o c k ___
Perm anent Imp’ts.
302.298
...............
M ortgage oon d s...
P .& w n OoalCo.stk
10,000
10,000 Real estate m ort..
Car trust b o n d s ....
Mas. < Cieve Coal
&
Co —bonds & iut.
113.044
. ___ Im provem ’ t a cet..
B. & O. dep. a c c t..
114,889
115,922 B. & O. gen. acot..
B. & O. gen. acet.....................
4BS,9aO Interest, taxes,&c.
Due Irom Individ.
In com e....................
and oom pan les..
134
1,993 Profit and lo s s __ _
T ota l................ 22,747,681 21,332,640
—V . 79, p. 2587, 2205.
1903.
1904.
1903.
$
000.000
5.000.
009
5,000.000
8.000.
><.
0f 0
6,'-48.u00 6,843,000
100,000
100,000
8,906
325,336
1,630,530 f;
f-9.987
92.0&7
114.8S9) 968,340
969.275)
T o ta l.................22,747,681 21,832,640
Massachusetts Electric Companies.
(R eport fo r Fiscal Year Ending Sept. 30, 1904 J
President Gordon Abbott says in substance:
G eneral R esults .—The weather conditions during the past ye&r
have been most trying. From Jan. 1 until the last of March a succession
of snow and sleet storms of exceptional severity caused serious loss of
traffic and an unusual expenditure for the removal of snow and for
repairs to equipment. For the four months ending April 30 the winter
e xpenses were $250,000 more than those of an average winter, while
the deorease In grots receipts for those months compared with the
winter before amounted to $ 110,000, although up to the first of January the gross and net had shown a most satisfactory lnorease over the
same months of the previous year. In addition, the cost of fuel at
the beginning of the fiscal year was still above the normal and the
summer was more than usually oool The price of ooal has now, how
ever, returned to the figures prevailing before the ooal strike.
B o n d s . —To provide for refunding the debts of the
Boston
< Northern and Old Colony oompanles, refunding mortgages have
fe
been placed on record, the ultimate issue being s u f l i o t e D t to take up
the underlying bonds as they fall due and to provide funds for the
improvements and extensions whloh mar be deemed advisable from
time to time; $1,000,000 of tbe new bonds of eaoh oompany were sold
during the summer, and the money applied either to th» reduotlon of
ti ating debt or Id payment of new oonstruotion. and $1,372,600 of
these bonds remain eubjeot to sale whenever deemed advisable by tbe
boards of either oompany.
Under the general law of the 8tate no street railway oompany is
allowed to Issue an amount of bonds greater than the amount of its
capital slook, and it is the intention of both oompanles to apply
shortly to the Railroad Commissioners for power to issue stook so fileent
capitalize the betterments aud new oonstruotion to date.
'FILE CHRONICLE.
2694
Tills stock will, when authorized, be subscribed for by the Massachu
setts Eleotrlo Companies and paid for by means of the notes now held
In the treasury. The Issue of this stock will inorease by an equal
amount the par value of bonds which maybe authorized aB fu.ure
work Is done.
A d d it io n s , E t c .—During the year only 3 miles of new traok has
been bnilt, but about 2ts miles of traok has been rebuilt with new rail,
either 90 to 95-lb. girder or 75-lb. T . on heavy ties of steam-railroad
standard. As a result, the system le in better physical condition than
ever before. The power Bystem south of Boston when completed will
equal any In the oountry; the greater portion of the power stations
north of Boston are first-class, although it Is desirable to provide more
eoonomloal power in the neighborhood of Salem and Cape Ann. This
work It Is Intended to do durlug the coming llsoal year. The new tur
bine power station at Newport Is working satisfactorily, and the new
Quincy station has been running slnoe the early da) s of October,
although all the eub-stattons are not yet In operation.
N e w A c q u is it io n .—During the past year and a half interests
friendly to us have been acquiring the Btook of the Georgetown Kowley & Ipswloh and Haverhill Georgetown* Danvers roads. These
roads, although bought principally for strateglo purposes, were se
oured at a price which makes the investment a good one. As the
properties, however, were only taken over for operation by the Massa
chusetts Electrlo Companies after Oot. 1, 1904, although the stock was
paid for beiore that date, the figures of operations are not Included in
the figures for the past year, but the mileage Is Included in the mileage
controlled by the Massachusetts Eleotrlo Companies.
A d d i t io n s , Etc.—During the five years beginning with Oot. 1,1899,
the operating companies have expended $10,549,681 cash, as follows:
Track and line construction.?3,621,619
Track and line r e co n stru ct 1,709,(503
Cars, plows, rolling stock,
and electric equipm ent....... 2,701,720
Land and buildings................ $408,912
Power stations and equip...... 1,918,400
Sundry equipm ent..................
48.437
85,906
Park property..........................
V O L. LXX1X.
HarbiBon-Walker Refractories Company.
( Report for Fiscal Year Ending Sept. SO, 1904 J
President S. C. Walker says: “ The eecond annual state
ment, submitted herewith, is, we believe, sufficiently f u l l
and clear to make explanations unnecessary. A comparison
of the cash account with that given in the first annual state
ment will show that the redaction in dividend was made
owing to conservative management rather than necessity.”
Certified public aoconntants say:
All charges to capital aooount are for aotual additions, and are cor
rectly charged. A sufficient Bum has, In our opinion, been written off
to take care of the exhaustion of the day and coal land. There has
been aotually expended and charged against opera lng expense a sum
for extraordinary repairs and betterments suffiaient to take owe of all
depreciation of plants. All cash and securities have been verified by
ns. The sinking fund provisions as to the extinguishment of bonds
have been carried oat. The deferred charges carried forward are, in
our opinion, a proper charge against subsequent years, when they
will be charged off against operating expense. All inventories have
been properly made and certified, prioes being taken at the average
cost of the past three years. After oharglng off full depreciation, the
profits of the year available for Interest on bonds and dividends on
atooks were $849,393.
The profit and loss account and balance sheet follow :
PROFIT AND LOBS ACCOUNT FOR YEAR ENDING SEPT. 30 .
1903 04.
1902-03.
Net profits after deduot. bonus aoo’ t, expend’ s
for all ord. repairs and mam., which cover
depreciation of plants........................................$1,068,057
$1,458,581
In these years 127 miles of new track have been either built or ac
Deduct—
quired by purchase; 679 new oars and enow-plowa bought or built,
Extra’y expend’e, remod. kilns, works, eto.,
inoluding oars reconstructed and enlarged; power stations have been
and increasing oapaolty and eflio’y of same..
66,408
103,834
built or enlarged. increasing the oapaolty of engines 17,635 H. P.
35,914
35,821
and generators 10,464 K.W., excluding the new station at Qulnoy, Charged off for depr’n of mining, eto.................
16,342
23,314
whloh will itself, when completed, have a total oapaolty of 15,00o Ch’d off for depl. of clay, coal & ganister prop.
H. P., eto., etc.
162,969
$118,664
The above figures do not Include the Initial cost of the property of
Net profits.......................................................... $949,393 $1,295,612
the Lowell & suburban and the South Shore & Boston companies, the
163,563
172,741
shares of which were acquired by the issue of 30,574 preferred shares Interest on bonds...................................................
Dividend on preferred stock..............................(5*s) 528,000 (6) 563,134
and 22,931 common shares of the Massachusetts Eleotrlo Companies.
s%
48,000
While improvements and a certain amount of reconstruction must Reserve for pref. div. (1 )...................................
be necessary from time to time, your trustees feel that by far the
Surplus for the year
$209,830
$559,737
largest part of the work which ought to be done has been already ac
complished, and that they will be able to finance any requirements In
BALANCE SHEET SEPT. 3 0 .
this respect during the next two years without any issue of further
1904.
1903.
1904.
1903.
securities by the Massachusetts Electric Companies.
$
$
L ia b ilitie s —
A ss e ts —
I
$
The consolidated income account and balance sheet of the
controlled companies aod the income acoount and balance
sheet of the Massachusetts Electric Companies were as below;
CONSOLIDATED INCOME ACCOUNT OP THE FOUR OPERATING STREET
RAILWAY AND ELECTRIC LIGHT COMPANIES.
1903-01.
1902-03.
1901-02.
190001.
$
$
$
$
Earnings............................. 6,380,863 6,333,911 6,090,168 5,778,133
x Expenses........................ 4,479,520 4,155,909 3,827,372 3,915,486
Neteamings.................1,901,343 2,178,002 2,262,796 1,862,648
937,206
x Chargee............................ 1,462,626 1,331,147 1,391,239
Divisible inoome.......... 438,717
Dividends............................ 466,003
Balance........................def.27,286
846,855
810,233
871,557
676,390
925,441
779,462
sur.6,622 sr.195,167 sr.145,970
x In 1900-01 taxes inoluded in operating expenses; since in charges.
CONSOLIDATED BALANCE SHEET OP ALL STREET RY. AND ELEC. LIGHT
COMPANIES CONTROLLED BY THE MASS. ELEC. COMPANIES
FOR THE YEAR ENDING SEPT. 3 0 .
1904.
1908.
$
$
P r o p e rty ............... 85,500,015 33,810,635
770,429
815,965
C a sh .......................
338,843
Accts. receivable . 160,708
81,038
86,543
Coupon deposits..
Sinking and redemption funds.
70,440
50,883
Pre-paid taxes, in •
68,920
134,730
sur. and rentals.
144,390
222,480
Lease accounts ...
Materials and sup933,157
plies....................., 708,789
Capital stock .. . 16,760,100 16,760,100
........
400,000
Cap. stock subsc’n
Funded debt........ 15,159,500 13,174,6e0
Notes.......................+4,283, (102 3,698,138
Vouchers, accts.,
salaries, e tc ........
582,610
580 201
Coupons out9t’d'g.
84,037
86,543
lnt.,rentals& taxes 554,771
552.367
Divs. decl'd unp’d.
54,233
429,118
Renewal fu n d .......
10,0u0
10,'kO
Surplus..................
79,473
701,716
T otal .............. ,87,567,727 36,393,236
T o ta l................ 37,567,727 36,393,236
A s s e ts —
1004.
L ia b ilitie s —
$
1903.
%
tO f this amount $1,852,502 was held by the Massachusetts Electric Companies
and the Massachusetts Street Kailway A cciden t Association.
MASSACHUSETTS ELECTRIC COMPANIES—STATEMENT OP PROFIT
AND LOSS YEAR ENDING SEPT. 3 0 .
1903-04.
Income—
$
Dividends on stocks owned.466,016
Miec. int. on notes, eto (net).1U5,181
1902-03.
$
840,738
85,371
1901-02.
$
697,960
97,994
1800-01.
$
777,841
41,318
Total in come....................571,197
Expenses—
Salaries-General officers. .. 9,000
119
Legal expenses..................
Printing and stationery..
794
Miscellaneous expenses... .. 5,310
Interest................................ ..121,600
Div. on pref. shares (4%). X616.722
926,109
795,954
819,159
9,000
775
1,124
3,988
121,500
782,215
9,000
860
1,988
5,310
121,500
625,213
9,000
6,565
1,642
14,456
89,690
602,296
Total.................................763,445
Balance for the year___def.182,248
918,602
763,861
723,651
sur.7,507 sur.32,093 snr.95,508
x Dividends paid (2 p. o. Jan. 1, 1904; 2 p. o. July 1. 1804). $822,296; less amount accrued to Sept. 30, 1903, and oharged to profit and
loss ou that date, $205,574; remainder, $616,722. The directors have
decided not to pay a dividend In Jan., 1905. See V. 79, p. 2642, 2456.
MASS. ELECTRIC COMPANIES - GENERAL BALANCE SHEET SEPT. 3 0 .
A ss r ts —
1904.
$
1903.
$
Sundry stocks, etc.
In treasury..........83,026,745 33,868,287
Stocks deposited to
secure coup.notes 2,711,000 2,711,000
C a sh .......................
69.769
53,181
Notes receivable . 1,760,000 l,647,7t0
Cash to pay divi
dends * coupons
2,450
2,132
Divs. receivable ..
64,170
428.970
T o ta l................... 87,614,134 88,001,360
- V . 79, p. 2642, 2456.
1904.
1908.
$
$
Preferred sh ares.20,567,400 20.567,400
Common shares ..14.293,100 14,293,100
Coupon n o t e s ....... 2,700,000 2,700,000
Vouchers payable
1,390
1.103
A c c ’d div.on pf.sh.
206,576
A ccrued interest
on coupon notes
30,376
30,375
Div Acoup.unc.for
2,132
2,450
Profit A loss, sur..
29,420
2 ii,e e 7
L ia b ilitie s —
T o ta l........... ...37,614,134 38,001,359
Prop, and fran.
Bonds................... 3.140.000 Z3.315 000
o f 30nstit.com. 8,744,188 28,756,887 Common stock .. 8.0.0.000 18.000.000
Preferred stock.. 9.600.000 9,800.000
Betterm ents,
com pleted........
70,510
89 950
273.74}
226,045 Int. & taxes acc’d
Depletion fu n d ..
Betterments, un
39,666
23,314
com pleted........
115,375
83,720 Pay-rolls.............
48,6*7
95,974
Deferr ed charges
A ccou n ts pay’le.
210,308
y249,376
385,277
x38?,(P7 B on u sdu eem p..
to future oper.
Invent, at c o s t ...
920,698
827,168 Pur. m oney M. ..
C a sh .....................
............
48,000
612,721
404,989 D eferred div ...
33 073
............
Accounts receiv. 1,015,141 y l , 389,661 Prem . on bonds.
21,000
16,182 Surplus...............
887,926
678.094
Bills receivable..
Total............... 32,118,150 32,066,579
Total............... 32,118,150 32,066,579
x Includes clay, coal and ganister.tram and m ineoutflts ($353,314), advanced
royalties, stripping, prospecting, uncom pleted extraordinary repairs, etc.
y Accounts o f constituent companies against each other omitted,
z Total issue. $3,500,000, less purchased and canceled for sinking fund, J850.00C: purchased and canceled from proceeds o f sale o f property, $10,0J0.—
V . 77, p. 154.
Federal Mining & Smelting Company.
( Official Statement o f Oct. IS, 1904 J
The statement made to the New York Stock Exchange
upon the listing of the $10,000,000 7 p, c. cumulative preferred
stock and $5,000,000 common stock affords the following :
C a p i t a l S t o c k , E t c .— Company incorporated under laws of Dela
ware June 2 5 ,1 9 0 3 ; charter amended Sept. 15, 1903; charter per
petual. Business consists of mining and concentrating silver lead
ores. Operations began Sept. 1, 1903. Preferred stock limited to
$ 2 0 ,0 0 0 ,0 0 0 , common stock to $ 1 0 ,0 0 0 ,0 0 0 ; par of shares, $100.
Issued, preferred stock, $10,503,000, and common stock, $5,250,000,
upon the acauirement of all the minlcg property formerly owned by
the Empire State, Idaho, Mining & Development Co , the Standard
Mmine Co. and the Mammoth Mines in Idaho and oertain smelting
property at Everett. Wash. The smelting property has sinoe been
sold without loss to the company. The company controls and is about
to retire $500,000 preferred and $250,000 oommon, reducing the out
standing stock to the amount now listed.
Farther Issues of preferred stock require a majority vote of the pre
forred and common stock. New oommun stock may he issued on vote
of amajority of holders of the oommon stook alone. Ordinary indebt
edness may be authorized by the hoard of directors; general mortgage
debt may be authorized by the board and a majority vote of tbe oom
mon stock without submission to the preferred stockholders. The
holders of the preferred stock are entitled to reoelve, when and as de
clared from net profits, dividends at the rate of 7 p. c. per annum and
no more, such dividends to be cumulative and payable before any
dividend shall be paid or set apart for payment on the common stook,
The preferred ehares also have preference as to principal In oase of
liquidation, but they have no voting powers exoept on propositions to
inorease the outstanding preferred stock or to amend the provisions
of ihe articles of incorporation or the by-laws In respect to the rights
of the preferred shares to vote on suoh Increase.
P r o p e r t i e s .— The mining property consists of silver-lead mines and
claims situated in the Cceur d’ Alene min ng district, Idaho, viz.: Wardner Mines, situated near Wardner: Burke Mines, situated at Burke,
and the Maos Mines, at Maoe; all reached by the Northern Paoiflo and
Oregon Klver <e Navigation railroads. The Wardner group inoludes
f
upwards of 40 patented and numerous unpatented mineral olaims, in
cluding more than 7,000 feet in length of the outorop of the Wardner
lode; it is about half prospeoted. The Burke group Includes 10
patented mineral claims, covering one mile in length of the outcrop of
the Tiger-Poorman vein; the present workings oover about half the
length of the vein; the remainder is still unprospeoted. The company
also owns interests in two other companies owning an additional mile
of the length of this vein to the west of the Burke mines. The Mace
mines include 14 patented mineral claims, one mill site and two unpaiented mineral claims; they cover 4,6u0 feet of the length of the
vein. The company’s concentrating, pumping, hoisting, compressor
and eleotrlo plants are valued as follows : At Wardner Mines about
$170,000; at Burke Mines about $195,000; at Maoe Mines about
$338,000. All three groups of mines have been operated at a profit
sinoe 1898 and all have continously paid dividends since that time.
Competent engineers advise theoompany that its properties oontaln
silver lead ore suoh as is now being mined as follows: Wardner Mines—
in sight 200,000 tons, in reserve more than 700,000 tons; Burke
Mixies-in sight 180,000 tons, in reserve 3,000,000 tons; Maoe Mines—
In sight 1,200,000 tons. In reserve 2,0o0,000 tons. In this estimate
ore is considered “ in sight” only when it has been definitely devel
oped and is above present working levels. Ore is considered “ In re
serve” when, although beyond or under the present working levels,
D e c . 17. 1904.]
THE CHRONICLE
the existence of the veins has been ascertained from explorations,
and its size and quality have been ascertained from explorations
and past operations of each individual mine. There Is besides a large
amount of territory In which it Is known that large bodies of ore e x
ist but which have not been definitely developed.
C o n t r a c t .— The company has entered into contraot w ith the Am eri
can Smelting & Beflning Oo. by which it is agreed that for a period of
six years from Sept. 1,1903, the Federal Company w ill sell the entire
output from its present mines to the Smelting Company, and the
Smelting Company agrees to buy its entire output.
D iv id en d s , E t c .— T he company has paid quarterly dividends on its
preferred stock at the rate of 7 p. o. per annum for the period begin
ning Sept. 1,1903, and on its common stock at the rate of 6 p. o. per
annum for the period beginning March 1,1904. Dividends on the pre
ferred stock are payable quarterly on Dec. 15, March, June and Septem
ber for the quarter year ending the last day of the month preceding
the date of payment.
Pursuant to order of the United States Circuit Court one-eighth of
the profits received from a minor property known as the Skookum is
deposited in bank to await the results of a litigation invo lving title to
the Skookum property. The amount thus reservedislnoluded in the cost
of production of ore In the statement below referred to, and in the
event that the company proves successful In the litigation w ill form
a,u addition to the surplus below mentioned. O n Sept, 1, 1904, this
special cash reserve amounted to $301,598.
2695
the system, which already Is ve ry large, they are convinced that its
condition cannot remain station ary and that growth commensurate
w ith the development of the country is necessary to ensure perman
ent prosperity.— V . 7 9 ,p. 2146,1954,
Atlantic & Luke Saperior Ry,, Canada.— Reorganization.
— See Baie Dea Chaleurs Ry,, below.— V. 70, p. 1148.
Baie des Chaleurs Railway, Canada.— Reorganization .—
This company, which owns 100 miles of road, extending
from Quebec to Paspebiae, forming part of the Atlantic &
Lake Superior Ry., has filed a plan of reorganization. The
proposition is to authorize $500,000 4 p. c. debentures,
$1,000,000 5 p. c. second debentures, $500,000 6 p. c. prefer
ence shares, and $1,000,000 ordinary shares, with which to
meet the outstanding liabilities on a basis “ which has prac
tically been assented to by the creditors.”
Boston & Worcester Street Ry — Bonds Offered,.— E. H.
Gay & Co., Boston, are offering at 101^ and interest
$250,000 new 44£ p. c. first mortgage gold bonds dated Aug. 1,
1903, and due Aug. 1, 1923.—V. 79, p. 2641, 2454.
Buffalo & Depew (Electric) Ry.—See Buffalo & Rochester
1 The income and profit and loss account for the year ended
(Electric) RR. below.—V. 70, p. 1290.
Aug. 31, 1904, and the bilanee sheet follow :
Buffalo & Rochester (Electric) RR. Co.—Neiv Enterprise.—
INCOME AND PROFIT AND DOSS ACCOUNT FOR TEAR ENDED AUG. 31, 1904*
Shipm ents.........................................................................................$4,908,925 This company was incorporated at Albany on Dec, 9 with
Add— Ore and supplies on hand A ug. 3 1 ,1 9 0 4 ............. .
12,359 $3,000,000 of authorized capital stock, to construct and oper
ate an electric railway from Depew to Rochester, N. Y ., 60*4
$4,921,283 miles. The Investment Co. of Philadelphia, which controls
Deduct operating expenses, viz.: Freight and treatment,
the Buffalo & Depew Ry., a double-tracked trolley road ex
$1,615,574; mine labor. $1,056,207; mine supplies, $379,879; m ill labor, $103,393; m ill supplies, $76,20L.............. 3,230,759 tending from Baffalo to Depew, is largely interested in the
new company, which is merely a re-incorporation of the old
Gross profit on ore sold...........................................................$1,690,52 4
General and administrative expenses...............................
219,624 concern for the purpose of extending its line. Directors:
Net income................................................................................$1,470,900
Other income— Interest, $18,373; rents and dlvld’ds, $2,810. j'ih 21,183
H
Total net income......................................................................... $1,492,083
Deductions— Reserve for legal oontlngenoies..........................
$67,709
Incorporation expenses, explorations, etc.............................
38,649
Dividends..........
629,309
Surplus for year before charging depreciation................. $756,416
B iffiE M A BALANCE SHEET AUG. 31, 1904.
JJ1 J d i $W(|§*i§
Liabilities—
$
W A s s e ts $
Pref’d stock issued___10,000,000
M ining property, water
Common stook issued.. 5,000,000
rights, plant, build’gs
185,793
and equipment.......... 14,970.794 Aooounts p a y a b le .......
635
Stocks & bonds other cos.
96.835 Outstanding dividends
Ore on h a n d .................
9,358 Em pire State, Idaho,
M. & D . Oo., reserve . 232,093
Supplies on hand...........
3,000
Bills receivable............
105,000 Legal contingencies, re
serve ..........................
67,709
Accounts receivable...
90,564
Unexpired insurance..
5,933 Profit and loss, surplus
as above..................
756,416
C a s h ....... ....................
961,162
To ta l assets............ 10,242,646
Total liabilities ....16,242,616
Fiscal year begins Sept. 1. The company agrees to publish
each year a detailed statement of its income and expendi
tures and balance sheet. New York office, No. 32 Broadway.
See further facts, list of officers, etc., in V. 77, p. 403.— V. 79,
p, 2150.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.!
Atchison Topeka # Santa Fe Railway Co.—Proposed
Issue of Convertible Bonds—New Common Stock.—It was an
nounced on Tuesday that the shareholders will vote Jan. 24
on the following propositions: (1) To create an issue of not
exceeding $50,000,000 of bonds, convertible at the option
of the holder into common stock, and to be Issued from time
to time on such terms as may ba authorized by the board
of directors; (2) To authorize an increase of $50,000,000 in
the common stock in order to provide for the conversion of
the new bonds as and when presented for that purpose. This
will increase the total authorized capital stock to $283,486,000, of which $131,486,000 is the present authorized preferred
stock and $152,000,000 will be common stock.
President E. P. Ripley, in a letter dated Dec. 7 and ad
dressed to the company’s stockholders, refers to the state
ment in the annual report for the year ending June 30, 1904
(V, 79, p. 1341), concerning the large increase in the com
pany’s earnings, the expenditure of more than $30,000,000 of
surplus net income since 1896 in the development and
enlargement of the properties and the expected considerable
requirements for like purposes in the future. He also says:
After careful consideration and after consultation with large stock
holders, your directors have reached the conclusion that it would be
to the imerest of the company to provide for future capital require
ments by creating an Issue of bonds, convertible Into common srook,
the total authorized Issue of such bonds to be limited to $50,000,000.
I t Is proposed to Issue In the first Instance only a part of the author
ized issue of convertible bonds, and to oiler them to the stockholders
pro rata for subscription on terms to be hereafter announced. The
proceeds of the bonds to be preeently issued are to be used for the
completion of lines In oonrse of construction, to which reference has
been made 1n the annual reports, to oonstruot oertain additional
hranohes and feeders, to build second tracks and reduce grades upon
portions of the main line, to pnrohase additional equipment and to
provide a fund appplicable to other capital requirements.
The condition of your properties la now better than at a n ytim e
slnoe the reorganization, and, as pointed out on page ten of the last
annual report, the aggregate undivided surplus net income slnoe the
organization of the oompaoy has been In exoess of the cost of all bet
terments and Improvements of existing property and all discount on
bonds sold. Y o u r directors believe that the surplus net Income w ill
continue to be In exoess of the cost of all ordinary betterments and
Improvements; but additional oapltal Is needed for construction p u r
poses and for the acquisition of additional facilities In order to de
velop fully the earning oapaolty of the system and to enable It to meet
the requirements of the growing territory through whloh It extends.
While your directors desire to avoid any unnecessary extensions of
H enry H . Kingston. J . Andrews Harris! J r .. John J . Collier, Horatio
A . Foster, T . H en ry Dixon and Samuel Welch of Philadelphia; W . B.
Cutter, George A . Ricker and Herbert P. Blssell of Buffalo.
Buffalo & Susquehanna Railway.—Sale o f Bonds .— Fisk &
Robinson are offering at 101 and Interest, by advertisement
on another page, the unsold portion of $5,000,000 of the issue
of $6,000,000 4 ^ p. c. gold bonds, dated April 1, 1903, and
due April 1, 1953. This is the company organized to control
the Baffalo & Susquehanna Railroad and to build an exten
sion of the same from Wellsville, N. Y ., to Buffalo, where
valuable terminal properties have been acquired, a distance
of 84 miles. A handsomely illustrated brochure of 93 pages
has been issued by the bankers, describing the property and
showing the location of the coal and coke properties which
the road, as now being extended, will bring into close connec
tion with the plants of the Baffalo & Susquehanna Iron Co.
and the Lackawanna Steel Co. in Buffalo.
President F. H, Goodyear in a letter gives the following
information:
The Buffalo & Susquehanna Railway Oo.. as the “ parent” oompany,
w ill on Jan. 1, 1905, by direct ownership and through the ownership
of the entire common capital stock of the Buffalo & Susquehanna R a il
road Co., control a line of railroad 311 miles long, about 84 miles of
which is under construction, extending from Buffalo through th rivin g
agricultural and fruit-grow ing districts, oll-prodaoing territory, hem
lock and hardwood forests, into the heart of the Clearfield bituminous
coal field of Pennsylvania and terminating at the city of Du Bols. The
system as thus established includes the line, 84 miles In length, which
the Buffalo & Susquehanna Railway Co. Is constructing (and w ill
complete about J u ly 1.1905, V. 79, p. 2091) from Buffalo to Wells
ville, N. Y ., and its subsidiary and connecting line, the old established
Buffalo & Susquehanna Railroad, the latter consisting of 172 miles of
road which on or before Ja n . 1 w ill be increased to 227 miles by the
addition of 55 miles of new road then to be taken over from the
contractors.
The construction is of substantial character throughout ths entire
3 U miles of road. There are no timber trestles of any considerable
length; the bridges are steel and the road Is laid with ueavy stoet rails
and equipped with locomotives of great tractive power and cars of
the most approved type, the recently constructed ooal and ooke cars
being built of steel and having 100,000 lbs. capacity. The grades
from Da Bois to Buffalo are very favorable to the traffio, not exceed
ing 33 feet against the load, except at two points wnere the water
sheds are crossed.
The Baffalo & Susquehanna Railw ay Oo. owns valuable terminal
property, 52 aores in extent, w ith dock frontage of 3,400 feet, located
on Lake Erie, in Buffalo, adjoining the extensive plant of t,ue Lacka
wanna Steel Oo. and also the great Iron furnaoes of the Buffalo < Sus
fe
quehanna Iron Oo. (V . 79, p. 1463), the latter a closely afti lated cor
poration, which Is under contraot to obtain Its entire supoly of ooal
and ooke from the mines on this oompanv’s Pennsylvania Division.
The Buffalo & 8u*quehanna Railroad Co. owns all the stock and
obligations of the Buffalo & Susqehanna Coal & Ooke Oo. and of the
Powhatan Ooal (fe Coke Go., corporations whloh own extensive coal
lands iu the counties of Elk, Clearfield, Jefferson and Indiana, Penn.
These properties are estimated to contain about 120,000,000 tons of
bitumiuous ooal suitable for steam and ooke making and domestio use,
and are being developed w ith modern m ining a .d ooktng plants. Th e ir
present developed shipping oapaolty Is 1,000.000 tons per annum. It
is expected that this w ill be iuoreased within t ie next calendar year
to 1,500,'<00 tons and w ithin the next three years to 3,000,000 tons
per annum.
The Buffalo & Susquehanna Railroad Oo. has paid dividends regu
larly from and inoludlng 1895, a period of ten years. For the past
five years the surplus net income of its 172 miles of road, after pay
ment of Interest charges and preferred stook dtvlden is, has averaged
over $250,000 per annum. The outlook for the ourrent flsoal year la
very gratifying, J u ly , August, September and October showing an
Increase over the previous year In gross earnings and net inoome of
$.<6,216 and $37,912, respectively. I t Is conservatively estimated that
the parulngs of the system applicable to the payment of Interest on the
4Dj% bonds, after the completion of the line of road In New Y o rk State
and after meeting the Interest on the bonds and the guaranteed dlvlddend on the preferred stook of the Buff-ilo <e Susquehanna Railroad
f
Oo., w ill not be less than $500,000 per annum and should steadily
lnorease with the development of the ooal traiflo to not less than
$1.000,000 annually. The Interest upon the $5,000,000 4»a p. o. bonds
w ill absorb $225,000 per annum.
“ The bonda of the oompany are secured by deposit with the
United States Trust. Co. of New York City, the trustee under
the mortgage, of the entire common stock of the Buffalo &
Snsquehanna Railroad Co., the par value of which on Jan. 1
will be $4,500,000; by a direct and absolute first mortgage
lien upon the terminal property at Buffalo, which, upon com
pletion of construction work now in progress, will represent
2C9G
THE CHRONICLE.
an investment of about $1,500,000; upon the line of road, 84
miles in length, located In New York State, which will have
oost about $3 500,000 to construct, and upon new and modern
equipment which has cost about $500,000, making a total
valuation of property under the lien of the mortgage of
$10,000,000, or twice the amount of the present issue of
b o n d s .” See maps on pages 1759 and 1889 of R a i l w a y a n d
I n d u s t r i a l Section and further particulars regarding the
enterprise in the C h r o n i c l e , V. 75, p. 922; V. 76, p. 593;
V. 79, p. 1463, 2391.— V. 77, p. 1582.
Canadian Northern Ry.—Authority Asked,—This oompany
gives notice that it will, at the next session of the Canadian
Parliament, apply for an Act providing as follows:
Extending the time for the construction of the company’s uncom
pleted lines of railway; and authorizing the oompany to lease or
acquire running powers over the lines of the Great Northern Ry. of
Canada and ihe Ohateaugay & Northern R y. and the Irondale
Banoroft & Ottawa Ry., and the Quebec New Brunswick & N ora
Scotia Ry. and the James Bay Ry., or to purohase such lines or any of
them or to amalgamate with the said companies or any of them [The
Canadian Northern interests applied to the Qaebeo Legislature in
A p ril, 1903, for the incorporation of the Qaebeo New Brunswlok &
Nova Scotia Ry. Oo., with a capital stock of $5,000,000, and power to
build and operate a railroad from the olty of Quebec to the Qaebeo
Bridge (see below) and thence through Maine to a point near Moncton,
N. B., thence through Westmoreland aud Cumberland oounties to
Pugwaslr and New Glasgow, to oonneot w ith a railw ay to Country
Harbor, etc.]
Compare Great Northern Ry, of Canada and James Bay
Ry. below.—V. 79, p. 2454, 1641.
Chateaugay & Lake Placid RR.— New Stock Issue A p
proved.—The New York State Railroad Commission has an
thorized the company to increase its capital stock from
$450,000 to $2,450,000 to cover the oost of improvements made
by the Delaware & Hulson Co., the lessee.—-V. 77, p. 249.
Chesapeake Transit Co.— Merged.—See Norfolk & South
ern RR. below.—Y. 79, p. 1704.
Chicago Burlington & Rainey RR.— Galled Bonds,— Bur
lington & Missouri River R R in Nebraska non-exempt 6 p. c.
bonds due July 1, 1918, have been drawn for payment as fol
lows, viz.: $168,000 bonds for $1,000 each and $19,800 bonds
for $800 each; they will be paid at the office of the New Eog
land Trust Co., Boston, on Jan. 1, 1905.—V. 79, p, 2587, 2454.
Chicago Cincinnati & Louisville RR.— Purchase o f Stock.
—See Cincinnati Hamilton & Dayton Ry. below.— V. 79, p.
211.
Chicago Rock Island & Pacific Railway. —New Mortgage
Trustee,—The Bankers’ Trust Co. of N. Y . City has been ap
pointed one of the trustees under the mortgage executed Jan.
1, 1898, to fill the vacancy caused by the resignation of the
Central Trust Co. of New York.—V. 79, p. 2642, 2587,
Cincinnati Findlay & Fort Wayne Ry.— Listed.— The
New York Stock Exchange has listed $150,001) additional first
mortgage guaranteed 4 p. c. bonds of 1923, issued for the
construction of the Delphos branch, 123^ miles in length,
making the total listed $1,150,000.
Earnings.— For the 3 months ending Sept. 30, 1904, earn
ings were:
Gross earnings.....................$S4,820 T a x e s ...................................... $2,685
Operating expenses........... 28.622 Interest............ . . . . . ....=10,000
Net earnings........................ 16,198 Balance, surplus............ ...... 3,513
- V . 78, p. 2010.
[VOL. LXXiX.
To consider the acquisition of the railways ana properties of the
Chloago Cincinnati <c Louisville Ry. Co. by lease, purchase or other
f
wise, or the shares of stock of the said company or any Interest there
in or of the bonds of the Pere Marquette RR. Co. given for the p u r
chase of such shares and the guaranty of such bonds by this oom
pany or the issue of the Joint bonds of this company and the Pere
Marquette Company, and to pass any voteB with respeot to any of the
above matters.
The new mortgage of the C. H, & D. will secure not ex
ceeding $50,000,000 bonds, probably bearing 4 p. c. interest,
of which about $23,000,000 will be reserved to retire at or
before maturity a like amount of existing funded debt, in
cluding the bonds issued under the $25,000,000 mortgage
executed last July. The mortgage, it is stated, will also
provide for the one-year loan of about $7,700,000 which was
made in connection with the retirement of the preferred
stock.
The acquisition of the stock of the Chicago Cincinnati &
Louisville RR., referred founder “ (5)” above, will, we learn,
be financed by an issue of $3,500,000 collateral trust bonds of
the Pere Marquette RR. Co., guaranteed by the C. H. & D.,
and further secured by deposit of the stock in trust (com
pare V. 79. p. 212).
Bonas Soid.—Sie Cincinnati Findlay & Fort Wayne Ry.
above and Cincinnati Indianapolis & Western Ry. below.—
V. 79, p. 2455, 2085.
Cincinnati Indianapolis & Western Ry.— Listed.— The
New York Stock Exchange has listed $1,472,000 additional
first and refunding mortgage guaranteed 4 p. c. bonds of
1953, making the total listed $4,672,000. The bonds just listed
have been held in the treasury of the Cincinnati Hamilton &
Dayton Ry. Co., and are a portion of the $4,722,000 bonds
issued in accordance with the terms of the mortgage for bet
terments on the C. I, & W, Ry. Co., and to retire bonds of the
Cincinnati Hamilton & Indianapolis RR. Co.
Earnings.—Fox the 8 months ending Sept. 30 earnings
were:
Gross earnings.................. $640,017
Operating expenses......... 418,137
N et e a r n in g s ................... 2 21,880
T a x e s ..................................... $20,670
Interest................................. 74,625
Balance, surplus................ 128,585
- V . 79, p. 1955.
Cleveland Cincinnati Chicago & St. Louis Ry.— Trackage
Rights.—The management has arranged wi'h the Hocking
Valley RR. Co. for trackage rights for freight trains between
Carey, Ohio, and Toledo, 50 miles, affording an outlet at that
important lake port. The company’s passenger trains have
for some time pa3fc had trackage rights over this piece of
road.
Change o f Fiscal Year,—See New York Central & Hudson
River RR Co. below.— V. 79, p. 2147, 1331.
Connecticut Railway & Lighting Co,— Listed.—' he New
T
York Stock Exchange has listed $2,558,000 additional first
and refunding mortgage
p. c, bonds of 1951, making the
total listed $10,913,000, of which $8,823,000 have been
“ stamped,” Compare V. 79, p. 626, 1461. The bonds just
listed were issued as follows:
Fo r the retirement of a like amount of underlying bonds.......
$t,000
Purchase of the Roton Point Improvem ent Oo.......................... 127,000
Purchase of part of system of Cheshire Street Railw ay C o ... 423,000
For additions, extensions and betterments of plants..............2,004,682
Earnings.— F o r file 8 m o n t h s e n d in g S e p t. 3 9 , 1904, a u d th e
y e a r e n d in g J u n e 3 9 , 19 0 4 , th e e a r n in g s w e r e :
Cincinnati Hamilton & Dayton Ry —Change in Control—
R a ilw a y
R a ilw a y
Other
In terest
Balance,
H. B. Hollins & Co. have purchased outright the syndicate’s
P e r io d .
gross e a rn in g s, n e t ea rn s, in co m e ,
a n d ta x e s , surplus.
$39,< 64
$155,772
$104,42-1
holdings in this company’s common stock deposited with 3 m os. e n d in g S ep t., 19 04.. $446,830 $221,136
Y e a r ending J u n e , 1 9 0 4 ... 1,218,670
404,585
177,480
536,207
45,848
the United States Mortgage & Trust Co., as trustee, and have — V . 79, p. 2587, 1461.
thus acquired control of the property. The preferred stock
D e l a w a r e & H u d s o n C o .— S e e C h a t e u g a y & L a k e P la c i d
was nearly all retired last summer under an agreement with R R . a b o v e a n d N e w Y o r k & C a n a d a R R , b e l o w .— V . 7 9 , p,
the firm, and, we understand, will be replaced by bonds to 786.
be issued under the new mortgage below mentioned instead
D e n v e r & R i o S r a a d e R R . — Estimated Results for Six
of by an issue of non-participating preferred stock as was at
Months.— I n c o n n e c tio n w i t h th e a n n o u n c e m e n t o f t h e r e g u
first proposed. The present purchase includes a majority
of the $8,000,000 outstanding common stock and most la r s e m i-a n n u a l d iv id e n d o f %% p . c , o n its p r e fe r r e d s t o c k ,
of the $5,500,C O 2-year non-interest bearing notes cf July p a y a b le J a n . 16, t h e c o m p a n y e s t im a t e s t h e s u r p lu s e a r n in g s
O
5, 1904. These notes are convertible at option of company at fo r th e h a l f y e a r e n d in g D e c . 31 a p p lic a b le t o d iv id e n d s as
any time into common stock. They were issued to pay for $ 1 ,6 5 0 ,2 8 6 ; t h e d iv id e n d r e q u ir e m e n t s f o r t h s s ix m o n t h s a re
the control of the Pere Marquette RR. Co. (see below). The $ 1 ,1 1 0 ,0 0 0 .— V . 7 9 , p . 9 0 7 , 899.
D e s M o in e s & F o r t D o d g e R R . — B o n i s Offered—Guaranty.
ultimate disposition of the C. H. & D is not announced,
though it is generally believed that if satisfactory arrange — M a s o n , L e w i s & C o . a r e o ffe r in g a t 98 a n d in te r e s t $ 2 i0 ,0 0 0
menrs for financing the transaction can be made, the Erie o f th e n e w fir st m o r t g a g e 4 p . c . g o ld b o n d s d a t e d J a n . 1,
1905.
T h e s e b o n d s a re e n d o r s e d w it h t h e f o l l o w i n g :
RR. Co. will become the owner.
Minneapolis & St. Louis RR . Oo., for a valuable consideration re
New Mortgage, Lease, Acquisitions, Etc, —The shareholders
ceived by it, does hereby absolutely and unconditionally guarantee
will vote Jan. 12 on the following propositions:
the punctual payment of rhe principal and interest of the within bond,
(1) To authorize a new mortgage on all the company’s railways,
properties ana franchises, present and future, to secure an issue of
not exceeding $50,000,000 of bonds, to provide for the redemption of
existing funded or floating debt and tor future acquisitions, additions,
Improvements, etc.
(2) To authorize the taking of a lease of the Pare Marquette R R
(3) To ratify the certain trackage or tratflo agreement dated J u ly
1,1904, executed between this oompany and the Pere Marquette RR.
Co. aud others, whereby this oompany acquired certain trackage and
traffic rights and certain rights respecting a lease of the Pere M ar
quette RK.; also the certain agreement for the purchase of 110,000
shares [$11,000,000 common stock] of the Pere Marquette RR. Oo. by
this company, of which the said trackage agreement was a p a rt con
sideration.
(4) To confirm theoontract for the purohase of $6,000,000 refunding
bonds of the Pere Marquette R R . and the contract to sell the same
w ith the guaranty of pnnolpal and Interest thereof endorsed by the
O. H . & D (Compare V. 79, p. 2457).
(5) T o authorize a lease b y this oompany of that portion of the
Chicago Cincinnati & Louisville RR. looated within the State of Ohio,
and in consideration thereof to authorize a guaranty by the O. H . &
D. of oertain bonds of the Pere Marquette RR. given in conneotion
■with the purchase of the oapltal stock of the Ohloago Cincinnati &
Louisville RR ., or instead of said guaranty the execution of jo in t and
several bonds by the C. H . < D . with the Pere Marquette R R . Co. in
fe
lieu of said last-mentioned bonds of the Pere Marquette RR.
according to the terms thereof, and does hereby promise and agree,
on default in the payment of said principal or interest by the Dos
Moines & Fort Dodge RR. Co., to pay the principal and interest of the
within bond as the same shall become due. In witness whereof, said
Minneapolis & St. Louis RR. Co. has caused this instrument to be
signed In its name by its President or one of its Vioe-Presidents, and
its corporate seal to be hereunto affixed, attested by its Secretary or
an Assistant Secretary, this first day of January, A. D. 1905. [Signed
Minneapolis & St. Louis RR. Co. under oorporate seal by President,
witnessed by Secretary.]—V. 79, p. 2587, 1704.
D e t r o i t ( M i c h . ) C u i t e d R a i l w a y .— Bonds Offered.— K e a n ,
V a n C o r t la n d t & C o . a re o ffe r in g f o r sa le a t 9 4 % a n d in te r e s t,
b y a d v e r t is e m e n t o n a n o th e r p a g e , $ 3 ,2 0 0 ,0 0 0 fir st c o n s o li
d a te d m o r t g a g e 4 % p. c . g o ld b o n d s , d a te d J a n . 1, 19 0 2 . T h e
D e t r o it U n it e d R a i l w a y o w n s a n d o p e r a te s 533 m ile s o f
s t a n d a r d -g a u g e t r a c k , c o n s t i t u t in g t h e e n t ir e s tr e e t r a ilw a y
s y s t e m o f D e t r o it a n d in th e s u r r o u n d in g c o u n t r y , w it h t h e
e x c e p tio n o f t w o lin e s w h ic h h a v e a c c e ss t o D e t r o i t o v e r th e
lin e s o f t h e D e t r o it U n it e d R a i l w a y .
T h e t o t a l is s n e o f th e s e b o n d s is $ 2 5 ,0 0 0 ,0 0 0 , o f w h ic h o n ly
$ 1 0 ,7 0 0 ,0 0 0 is o u t s t a n d in g , in c lu d i n g th e a m o u n t n o w o ffe r e d
to in v e s t o r s . O : th e r e m a in d e r , $ 9 ,0 2 0 ,0 0 9 is r e s e r v e d to ta k e
THE CHRONICLE.
D e c . 17, 1904. j
rap underlying liens and $5,280,000 for improvements and ac
quisition of new property. W ith a portion of the proceeds
of the‘ bonds now offered, the company will retire on or before
„
maturity $6,585,000 Detroit Citizens’ Street Railway 5 p. c,
bonds due July Inext, whereupon the first consolidated mort
gage will become a first lien on the most profitable portion
of the system, as already, on the principal power house, car
houses and other real estate, and a blanket lien on all re
maining assets.
The earnings for the ten months ending Oct. 31, 1904, com
pare with the results for the years 1903 and 1902 as follows:
P e r io d .
G ro ss.
N e t.
O th . i n c o m e .
C h a rges.
B a l.fo r D iv .
lO m os. 1904..$3,785,155 $1,473,364 $34,134 $891,655 $615,843
Cal. yr. 1903... 4,386,974
1,772,998 38,863 1,000,000
811,861
Cal. yr. 1902... 8,961,402
1,700,616
31,247
948,902
782,961
2697
Metropolitan Securities Co., which owns the entire capital
stock of the New York City Ry. Co., lessee of the Metropoli
tan Street Ry. Mr. McDonald, who succeeds R. W . Meade
as director, says:
The presen t su bw ay gives to the W est Side a grea tly im p roved co n
dition, b a t it d o e sn o t so lv e the p rob lem o f ra p id tran sit, esp ecia lly fo r
the great and grow in g pop ulation o f the east side. In the fu rth er d e
v elop m en t o f rapid tra n sit an in d e p e n d e n t fon r-traek east side line
co n n e ctin g H arlem and the B ro n x w ith the business sections o f the
city should, in m y ju d gm en t, be c o n s tr u c te d , h a v in g suitable lateral
con n ection s, w h ich w ith ou t ad d ition al fa re w ou ld tra n sfer c o m fo r t
a b ly the p eop le to their homes.
T he M etropolitan R a ilw a y system has in op eration su rface lin es
reach in g the b rid ges con stru cted and to b e con stru cted o v e r th e E ast
R iv er, the ferries on b oth riyers, and th e stations o f th e great ra ilw a y s
entering the city . C on n ect this system with a rapid transit su bw ay,
w ith one fa re to a ll poin ts, and ra p id tran sit exp ress ssrv ioe w ith
lo c a l distribution w o u ld be realized. B eliev in g that this great im
p rov em en t ca n be b est a ccom p lish ed by th e oom p an y con trollin g the
su rface lines, I h ave m ade this n ew co n n ection , en cou rag ed to this
end b y the assurance n o t on ly o f finan cial su p p ort bu t o f all that e n
gin eerin g skill and ele ctrica l scien ce ca n accom p lish .—V . 79, p. 1023.
Dividends paid in 1904, being 3 per cent for the 9 months,
call for $375,000, leaving a balance, surplus, of $240,843; the
dividends for the earlier calendar years, 4 per cent, call for
$500,000, leaving a balance, surplus, of $311,861 in 1903 and
Metropolitan Street Ry., New York.— John B. McDonald
$282,961 in 1902.—V. 79, p. 2537, 2455.
Erie RR.—See Cincinnati Hamilton & Dayton Ry. above. a Director—Subways Proposed.—See Metropolitan Securities
Co. above.— V. 79, p. 2642, 2588.
—'V. 79, p. 2455, 2205.
Montreal (Electric) Terminal Ry.— Mortgage.— Formal
Great Northern Railway ®f Canada,—Authority Asked.
notice is given of the filing of a first mortgage in favor
—The company gives notice that it will apply to the Par
liament of Canada at its next session for an Act empowering of the National Trust Co., Limited, trustee, securing the
payment of the first mortgage bonds over Section 1 of said
the company as follows:
T o lease, pnrobase or otherwise aoquire the lines of the Chateauguay company’s undertaking and extensions thereof.—V.79, p. 2085.
& Northern Ry. Co. and the Qaebeo N ew Brunswick & N ova 8ootia
Muscatine North 8c South R j . —Foreclosure Sale.—The
R y . Co., and to amalgamate w ith the said oompanies or either of them;
also to lease to the Canadian Northern Ry. Co. or the James B a y Ry. foreclosure sale, it is stated, is now set for Dec. 15.— V. 79,
Co. its lines and leased lines or any of them; also confirming an issue p. 968, 152.
of consolidated bonds of the company; also empowering the company
New Orleans Railways.— Called Bonds.— Eight New
to construct a line from a point on its main line at or near Grandmere
Orleans Traction Co. power house bonds dated July 1, 1897,
to its terminals in Quebec C ity, w ith a branch to the Qaebeo bridge.
Compare Canadian Northern Ry. above aad James Bay viz., Nos. 55, 59, 86, 87, 94, 106, 107, 128, will be paid at 105
and interest at the office of the Fidelity Trust Co,, Louisville,
Ry. below.— V. 79, p. 2642, 2455.
Hartford 8c Springfield St. Ry.—New Stock, Etc,—The trustee, or by the Railway Co. at New Orleans, or before
company announces its intention to apply to the Connecticut Juiy 1, 1905, on which date interest will cease.—V . 79, p. 2456.
New York S Canada RR .—Increase o f Stock,—The New
c
General Assembly at its session in January, 1905, for an ex
tension until July 1, 1907, of all rights to lay tracks, also for York State Railroad Commission has approved the proposi
an amendment to its charter authorizing it to increase its tion to increase the capital stock from $4,000,000 to $9,000,000
capital stock from time to time to any sum not exceeding by the issue of $5,000,000 5 p. c. preferred stock in order to
$1,000,000, the new stock to be either of the same class as the reimburse the Delaware & Hudson Co., lessee, for the retire
existing capital, or to be in part, or in whole, preferred stock. ment of all the outstanding bonds.—V . 79, p. 968, 786.
—V . 78, p. 1446.
New York Central & Hudson River RR.— Change in Fiscal
Indiana Illinois ■ Iowa 'EM.—Change o f Fiscal Year .— Year.— Owing to the difficulty experienced in securing a
&
See New York Central & Hudson River RR. below.— V. 79, quorum of the board of directors to approve the annual re
port during the summer months,“this company, the Cleve
p. 2640, 1642.
International Traction Co., Buffalo.— Called Bonds.— land Cincinnati Chicago & St. Louis Ry. Co. and the Indiana
Thirty-nine second mortgage bonds of the Buffalo & N i Illinois & Iowa RR. Co. have decided to change their fiscal
agara Fails Electric Ry. dated July 1, 1896, have been drawn years so that they shall end on Dec. 31, like the years of the
by lot for redemption on Jan. 1, 1905, at the Mercantile other Vanderbilt roads, instead of June 30, as heretofore.—
V. 79, p. 2589.
Trust Co., New York, at 105 and interest.—V . 78, p. 2012.
New York S Jersey E R .—Franchise Granted.—The Rapid
c
James Bay Ry .—Legislation Asked.— This company an
nounces that it will appiy to the Parliament of Canada, at Transit Commission on Thursday, by a majority of six votes,
accepted the report of the committee on contracts recom
its next session, for an Act authorizing the company:
T o change its name and empowering it to lease, purchase or other mending that this company be granted a 25-year franchise to
wise acquire the lines of the Quebec New Brunswick & N ova Scotia build a tunnel up 6th Ave. from the terminus of its Hud
R y. Co. and to amalgamate w ith the company; also to extend and son River tunnel, at Christopher and Greenwich streets, to
define the powers of the company w ith respeot to the issue of bonds,
debentures and other securities; and for power to construot the lines 33d Street and Broadway, and a perpetual franchise to build
of railw ay below mentioned; also empowering the company to lease a cross town tunnel under Christopher and ,9fch streets to 2d
to the Canadian Northern R y. Oo. its lines or any of them.
Ave. The report says :
The lines above referred to: (1) From a point on the company's line
south of Lake Muskoka, thence easterly to Montreal, passing through
or near Ottawa w ith branches to Ottawa and Hawkesbury. (2) From
a point on or near the French River, thence easterly to Montreal,
passing throughjor near Ottawa, w ith branches to Ottaw aand Hawkes
bury. (3) Fro m a point on the company’s line at or near Sudbury,
thence westerly and south of Lake Nepigon to a point on the Canadian
Northern Railw ay west of P ort A rth u r passing through, or near Port
A rth u r or w ith a branch to Port A rth u r.— V. 79, p. 903.
Kansas City Excelsior Springs & Northern RR.— Bonds
Offered.— Mason, Lewis & Co. are offering at 96J^ and inter
est $25,000 first mortgage gold 4s, due Jan. 1, 1928 ; total is
sue, $100,000. The road is 9% miles in length, extending
from Excelsior Springs, Mo., to the main line of the Wabash
RR, Co., which owns all of the capital stock and guarantees
the bonds unconditionally as to principal and interest by en
dorsement. For the year ending June 30, 1904, the gross
earnings were $47,013 ; net, $20,962 ; interest charge, $4,000 ;
balance, surplus, $16,962. Compare Wabash item, V . 72,
p. 185.— V. 66, p. 1140,
Kansas City Railway S Light Co.— Galled Bonds.— Fortyc
five Corrigan Consolidated Street Ry. first mortgage 5 p. c.
gold bonds will be paid at the Central Trust Co. Jan. 1, 1905,
at 110.
Short-Term Notes.— The company has sold, through Blair
& Co. and Kuhn, Loeb & Co., $3,000,000 of 5 p. c. notes of
$5,000 each, dated Dec. 15,1904, and due Dec. 15, 1907, but
subject to call at company’s option on or after Dec. 15, 1905,
at par and interest; interest payable June 1 and Dec. 1. The
notes are secured by pledge of $2,000,000 of the company’s
bonds and $2,500,000 of its preferred stock—V. 79, p. 1329.
Louisville & Nashville RR.— Larger Dividend.—The di
rectors on Thursday declared a semi-annual dividend of 3 p.c.,
payable Feb. 10 to holders of record Jan. 23. The rate from
Feb., 1901, to Aug., 1904, was 2% p. c. semi-annually.
Bonds.—See South & North Alabama RR. below.— V. 79,
p. 1955,1471.
Metropolitan Securities Co., New York.—Mr. McDonald
Elected a D irector.—Subway Plans.—Contractor John B. Mc
Donald, who last week resigned as a direotor of the Inter
borough Rapid Transit Co. and the Subway Rapid Transit
Construction Co., on Dec. 14 was elected a director of the
U nder th e statute th e co m p a n y m u st p a y the oity a com p en sation ,
to be ad j usted at Intervals o l n ot m ore th an tw en ty-five years. It is
p ro p o se d th at to r the first ten years the com p an y , fo r th e exten sion s
n o w to be authorized, shall p a y 50 cen ts p er fo o t o f tra ck an d o f sta
tion p la tform , and shall also p a y $9 ,0 0 0 a year, b ein g 3 p. o. o f th e
estim ated gross earn in gs o f $ 3 0 0 ,0 0 0 a year; fo r th e su ooeedin g 15
years $1 p er fo o t o f tra ck and sta tion p la tform and 5 p. o. u p on the
estim ated gross receip ts, such estim ate to b e m ade at th e ex p ira tion
o f the first ten y ea rs u p on the basis o f the in form a tion th en ava ila b le
as to actu al traffic.
8o fa r as the e x te n sio n a lon g 6th A v e . is con cern ed , it is p rop osed
th at the oity, in oase it deBires to pu rchase th at p ortion o f th e ra ilroa d
fo r use as a part o f som e m u n icipa l system o f ra p id tran sit, shall h av e
th e righ t to pu rchase th e sam e a t any tim e a fter tw en ty-fiv e yea rs on
p a y in g to the ow n ers the estim ated va lu e o f suoh exten sion , e x o lu siv e
o f th e valu e o f the fra n ch ise, th e v a lu e, h ow ev er, in n o case, to be
estim ated at m ore than th e aotnal co s t o f o on strn etlon .
See also “ New York Times” of yesterday.—V, 79, p. 1832.
Norfolk S Southern RR.—Property Taken Over—New
c
Mortgage.—This company on Deo. 12 took title by deed to
the property of the Chesapeake Transit Co. and filed a blanket
mortgage to the Guaranty Trust Co. of New York, as trus
tee, to secure $10,060,000 of 50-year 5 per cent gold bonds
dated July 1, 1904 ; interest payable Jan. 1 and Jnly 1. The
bonds are redeemable at 115 and interest on any interest
date. Of this total authorization, about $4,000,000 bonds are
to be issued at present for the purpose of taking up the out
standing bonds of the Norfolk & Southern ($1,655,000) at or
before maturity to pay for the property of the Transit com ■
pany, the electrification of the Virginia Beach branch and
the broad-ganging of the Washington & Plymouth branch.
The remaining bonds are reserved to be issued in the future,
from time to time, to acquire or construct additional lines,
equipment and improvements. The issue of these bonds is
further limited on the basis of mileage so to be constructed
or acquired.—V . 79, p. 2086,1705.
Pennsylvania R R .—Favorable Decision.—See Western
Union Telegraph Co. under “ Industrials” below.—V. 79, p.
2643, 2589.
Pere Marquette RR.— Bonds, Guaranty, E tc.—See Cin
cinnati Hamilton & Dayton Ry. above.— V. 79, p. 2457, 2148.
Quebec Bridge S Railway Co.—The “ Railroad Gazette”
c
of Dec. 2 has an Illustrated article regarding the bridge
2(>9H
THE CHRONICLE.
which the Phoenix Bridge (Jo. is ’ nilcllog for tbH uo npiay
across tbe S . L iwieuee 11 V r atQ-ijbec, We extraot the
i
following:
This bridge Is to be the lon gest span steel b rid ge In tb e w orld. Ic
will have aoantral span o f 1,800 ft., tw o auotior spans o f 500 ft eaeb,
and tw o approaoli spans of 210 f <. eaeb. T be wlutu Is 80 ft. and It will
•
carry a double-traok railroad, tw o lines o f trolley tr a c ts . W o h ig h
w ays and tw o s ld e w a k s
The d e a r height at high w ater Is 150 ft.
The w eight o f the strnotnre Is 35,000 tons. A t th e present tim e tbe
m asonry piers and tb >tw o approaoh spans o f the brid ge are done, and
p ractically all o f the falsoworK fo r one an ohor o,rm Is in place. O w ing
to ollm utio ooudltlon^, Ir, is on ly p ossible to w ork on the bridge a b ou t
seven m ouths In tbe year, w ork fo r 1904 h aving ceased at the end of
O otober. I l l s ex p ected to com p lete the bridge In fou r m ore seasons.
The subsidies granted and the amount, thereof paid np to
Jane 30, 19 >8, follow: Dnninion Govi-rom°nt, $1,090,000,
paid $374,353; Provincial G- vernment, $250,000, paid$90,000;
municipal aid, $300,000, paid $283,301; but see V. 77, p. 1534;
V. 78, p. 584.—V. 70, p. 946; V. 71, p, 603.
Quebec New Brunswick & Nova Scotia Ry.—Sie Canadian
Northern Ry. and James Bay Ry. anove.
Seaboard Air Line Ry.—R ejd ju tm en t Flan Under Con
sideration.— A plan is being perfected for the readjustment
of the finances of this company on a comprehensive basis,
which it is believed will meet the approval of all the stock
holders.—V. 79, p. 2589, 2148.
South & North Alabama RR .—Mortgage Filed .—The new
mortgage for $2 000,000 has been filed to the Manhattan Trust
Co as trustee. It provides for the discharge of certain in
debtedness and for the improvement of the property. The last
annual report of the Louisville & Nashville RR showed ad
vances to the South & North Alabama RR, of $1,341,092. In
is this indebtedness that it is proposed to fund. Tbe immedi
ate issue will be $1,500,000, and the bonds will be held in the
L, & N. treasury. The balance will be issued for improve
ments when required.
The bonds are dated Nov. 26, 1904. The maturity date is
Aug. 1, 1936, the same as that for the consol, bonds of 1886;
interest periods Feb. 1 and Aug. 1. The title of the bonds
is improvement 5 percent gold bonds; par value $1,000.—
V. 79, p. 2589, 1956.
South Shore Traction Co., Long Island, N. ¥.— Mortgage,
Etc .— Tbe State RR. Commission on Dec 9 authorized the
company to make a mortgage to secure $3,000 000 of 50-year
5 p. c. bonds, with the proviso that the $500,000 bonds reserved
for future extensions, additions, etc., shad not be issued withbut further action by the Commission, The proceeds of the
$2,510,000 bonds immediately available will be applied to the
cost of acquisitions and expenses to date, the construction of
about 60 miles of single track trolley-line and its complete
equipment with rolling stock, power houses, etc. The main
line will extend from the Greater New York line near Bel
mont Race Track through the villages and towns of the
south shore of Long Island, including with others Amityville,
Babvlon D ip . Patchogue and Brookhaven, to the Connecti
cut River, a distance of 51 miles. About half of the line will
be over private right of way. Control has been purchased of
the Patchogue Electric Light Co., owning a plant in opera
tion and the East Islip Electric Co. having a franchise from
town of D ip , Capital stock authorized, $2,000,000 in $100
shares. Officers:
P resident, G eorge Fisher, N ew Y o rk C ity ; V loe-P resld en t. Ja m es A .
H aw es, N ew Y ork C ity ; 8eoretar.v, A rthur O. H um e, New Y o rk C it y ;
T reasurer and G eneral M anager, Jam es F. H eyw a rd , o f N ew Y o rk fo r
m erly o f B altim ore.
Templeton (Mass.) Street Ry.—6‘ofdL—At the Sheriff’s sale
at Templeton on Dec. 10 this property was bid in by W m E.
Barrett of Boston, the principal stockholder, for $112,000.—
V. 79, p. 152.
Terre Haute & Indianapolis RR,— Cage Reopened.—The
State of Indiana on Dec, 10, by permission of the
State Supreme Court, filed an amended complaint in the
action brought against the company, which was decided ia
favor of the latter in June last by the United States Supreme
Court, chiefly on the ground of inexcusable delay in enforc
ing the alleged claim. The new facts set up are claimed to
constitute a sufficient answer to this defence. Compare Y.
79, p. 2148; Y . 78, p. 2336; V. 75, p. 1204, 1803.
A suit w as begu n at the sam e tim e in w hloh a reoelvership is asked
fo r on the grou n d that the p rop osed con solida tion w ith the Torre
H aute & L ogansport, L og a n sp ort & T oled o and In d ian ap olis & Vinoinnes w ou ld be preju d icial to the interests o f the State in e n fo r c io g
its olaim , but Ju d ge C arter deoided to adjourn tb e bearing fo r a r e
c e iv e r hip and In ju n ction to n reven t con solidation u ntil the hearing
o f the am ended com p la in t in the original case.—Y . 79, p. 2 1 4 8 ,1 9 5 6 .
( VOL. LXXIX.
owiu-d i r hereafter acquired, subject only to $4,073,000 of
underlying bonds for the retirement of-which a like amount
of consolidated mortgage bonds is reserved with the
trustee.” The remaining $1,359,000 escrow bonds can be
j issued only to reimburse the Traction Co. for additional conj 8truction, betterments and extensions.
The company sines its incorporation has paid dividends of
5 p. c. per annum; Ps net earnings for the five months end
ing Nov. 80, 1904, were $162,575, an increase of $33,902 as
compared with the previous year. “ The franchises in Troy
and Albany, except for the line on Delaware Ave. (a short
line on the outskirts of Albany), which expires Aug. 8, 1951,
are, in opinion of counsel, perpetual and have been confirmed
by special acts of the Legislature.”—V. 79, p. 2458, 783.
Winnipeg Electric Ry. Co.— Bonds —Ts. W. Harris & Co.
and the Bank of Montreal have been offering at par and in
terest $2,000,000 of this company’s first refunding mortgage
30 year 5 p. c. sinking fund gold bonds, dated Jan. 2, 1905,
and due Jan. 1, 1935, without option of prior payment; in
terest payable Jan. 1 and July 1 at the Bank of Montreal,
Montreal, or its agency in New York City; denomination,
$i,000; Royal Trust Co., Montreal, trustee. A circu'ar says ;
The com p a n y w as form ed in 1904 under th e lawB o f M anitoba by
con solidation o f the W innipeg E .eotrlo S r e e t Ry. Oo. and tlie W inni
peg G eneral P o w e r Co. It con trols all o f the street railw ay, gas,
eleotrio p ow er and com m ercia l electric ligh tin g business o f W innipeg
and St. B on ifa ce; com bined p opulation ab a t 75,000. C apital stook,
$4,000,000; b on d ed d eb t outstanding. S3.ODO.OOo, viz : P iesen t issue,
$ 2 ,000,000; held in e scrow to retire bonds o i W innipeg E leotrio Street
Ry. 15 p. c bonds due Jan 1, 1927, Interest payable Jan. 1 and J u ly 1],
$1,009,000. F irst refu n din g bon ds held In escrow to be issued under
con serv a tiv e restrictions fo r perm anent Im provem ents, $2,000,000;
total lim it o f Issue o f first refnnding bonds, $5,000,000.
For the calen dar yea r 1903 the gross earniDgs were $563,226: o p e r a
ting expen ses and ta xes, $320,203; net earnings, $243,023. F or the
first ten m onths o f 1904 gross and net earn in gs h ave in creased abou t
45 p. c. o v e r the earnings fo r the sam e m onths o f 1903. F rom th e net
earnings o f 1903 interest was paid on th e $L,000,OOO bonds o f W inni
peg E leotrio Street R y. Co., a la rge am ount w as ch arged to co n tin
gen t and reserve accou nts and a dividen d o f 6 p. c. was paid upon the
stock. N otw ith stan din g the fa c t that the com p an y has as y et re
ceived no benefit from the w orks n ow under oon stru otlon , th e presen t
net earnings are m ore than sufficient to pay tw ice the in terest charge
upon the $ 3 ,000,000 o f bon ds n ow outstanding. The gross earnings
fo r the last five fiscal yea rs w e r e : 19oO, $280,133; i9 0 1 , $309,400;
1902, $397,092; 1903, $568,226; 1904 (tw o m onths e s t ), $300,000.
The com p a n y ow n s and operates o v e r 30 m iles o f eleotrio railw ay
line, 60 m otor car*. 27 trailers, etc. T he num ber o f passengers ca r
ried in 1903 w as 6,517,028, an inorease o f 163 p. o. o v e r 1899. The
electric lightin g wires co v e r a b ou t 75 m iles o f streets and alleys;
num ber o f electric light custom ers J u ly 1 ,1 9 0 4 , 2,809, an in crease o f
205 p. o. ov e r J u ly 1, 1900; gas m ains trav erse abou t 50 inlies
o f streets; gas m eters installed J u ly 1, 1904, 2,520, an inorease o f 122
p. c. over J u ly 1 ,1 9 0 0 . The presen t issue o f $.',00u,000 bon ds w ill
p ay in part fo r the d evelop m en t o f an h yd rau lic plant n ow under c o n
stru ction on the W innipeg R iver, fo r n ew gas w ork s in the city , n ow
nearing com pletion , and for ex ten sion s o f con sid erable m agn itude to
the lines o f railw ay and to the eleotrio plant. The new h y d rau lic
p ow er station whloh wiLl b e oom oleted in the sprin g o f 190 - w in h ave
>
an ln iila l cap acity o f 8,000 h. p. and u ltim ate ca p a city o f 22,000 h. p.
The bonds are Issued in such a m anner that th ey are, in the o p in io n o f
our attorney, secured b y a first lien u p on the h yd rau lic p la n t and
transm ission line n ow under oon stru otlon , and b y a m ortgage u p on
the ra ilw a y , gas and eleotrio lig h tin g plants in the city , su b ject to
$1,0(10,000 bonds o f the W innipeg E leotrio Street Ry Co.
The com pan y is required to pay annually to the trustee as a sinking
fund a sum equal to
p. c. o f the p ar valu e o f bonds ou tstan din g in
1915 to 1924, in clu sive, and 2 p. o. in 1925 to 1934, in clu sive The
com pany has charter rights unlim ited in tim e fo r street railw ay, gas
and electric-ligh t and pow er business in W innipeg and v icin ity . T ne
street railw ay fra n ch ise is e x clu siv e iu W innipeg u ntil 1927. an d in
8t. B onifaoe until 1943, at w h ich tlm ss the oity and tow n , re sp e ct
iv e ly , must either buy the ra ilw a y p lan t or exten d the fran ch ise.
D ire cto rs: President, W illiam M ackenzie, T oron to; V loe-P resldent,
W illiam W hyte, W in n ipeg; Secretary-T reasurer, F M orton M orse,
W innipeg; Sir W illiam O. Van H orne, M ontreal; D. D. M ann, T o ro n to ;
A . M. N anton, W innipeg; D. B . H anna, Toronto.
The bankers announce that the bonds have all been sold.
INDUSTRIAL, GAS AND MISCELLANEOUS.
America!! Alkali Co.— Dissolution .—The Court of Chan
cery at Trenton, N. J., on Dec. 6, upon application of the
surviving receiver, Arthur K. Brown, ordered the dissolu
tion of this corporation.— V, 78, p. 1499.
American Smelting & Refining Co.— Contract.— Sea Fed
eral Mining & Smelting Co. on page 2594.— V, 79, p. 1041,
1022.
Bay State Gas C o .- One Case Settled.—At a conference
held in Philadelphia on Dec. 3 between United States Circuit
Juige Archibald and the attorneys connected with the suit
of George Wharton Pepper, receiver, against the officers of
the company, for an accounting of $75,000,000 of stock issued
Texas Southern R y.—Not Sold —This property was offered by them, a deoree was entered authorizing the receiver to ac
at foreclosure sale at Marshall, Tex., on Dec. 6, but was not cept the terms of settlement offered by the defendants, viz,:
sold, the only offer (stated to have been $500,009 from John Mr. Addioks and the directors returned to Receiver Pepper
Copeland) haviDg been withdrawn before a sale was effected. 1,021,250 shares of the 1,500,000 shares, with a par value of
The rolling stock was bid in at $22,0 tO for the Continental $75,000,000, which were alleged to have been issued unlaw
National Bank and National Bank of Chicago, holders of fully. For the remaining 478,750 shares the defendants are
to pay the receiver $48,254 52, which is the amount realized
liens said to aggregate $27,800.— V. 79, p. 905, 787,
by the defendants from the sale of the stock in the open
United Railroads of S«n Francisco.—C ille i Bonds.—Ten market. This payment in sixty days is secured to the re
bonds of the Presidio & Ferries RR. have been called for re ceiver as follows:
demption at tbe California Safe Deposit & Trust Co,, San
B y a bon d and m ortga ge o f Mr. A ddioks and w ife fo r $33,298 68, a
Francisco, on Jan. 15,—V, 79, p. 2087.
judgm ent bond ot Mr. A ddioks for $14,955 84, and by a bond fo r the
United Traction Co.. Atbrni/' aid Troy, N. Y. —Bonds
Offered.— N. W . Harris Sc Co. are off ring for si>l-t by adver
tisement on another page $900,009 consolidated mortgage 100year 4)-£ p. o. gold bonds, dated March 1, 1904, part of an
issue limited to $5,500,000, of waich there are outstanding
$1 068,000. These bonds are, in opinion of counsel, “ secured
by a fiist lien upon all property, rights, franchisee, etc., now
aggregate o f theee sum s g iven b y Senator A llee, N ew ell Ball, Jam es
Shaw" and D.m iel J. L ayton Jr. Ju dgm en t w as forth w ith entered
against M r A ddtcks on the bon d fo r $14,955 84, b u t n o exeou tlon is to
issue fo r thirty days.
This settlement leaves pending four suits brought by the
receiver, all of which appear likely to go to trial, namely,
two against Addicke, one against Lawson and one against
H H. Rogers.—V. 79, p. 735.
THE CHRONICLE.
D e c . 17, 1904.]
2699
Bethlehem Steel Corporation.—Successor o f United States
Steel Shipbuilding Co.—This oompany was incorporated at
contained in the mortgage; (2) To authorize the directors to
confer on the holders of said bonds the right to convert the
Trenton, N. J., on Deo. 10, in accordance with the reorgan principal thereof, on Jan. 1 or July 1 in any year after 1908
ization plan of the United States Shipbuilding Co. (compare and before 1917, into preferred stock of the corporation at
V. 78, p. 587; also R a i l w a y & I n d u s t r i a l Section, p. 1908). par; (3) To authorize the increase of the preferred stock by
The authorized capital stock of the new company is $30,000,- the addition thereto of $10,900,000 preferred stock, to be
0 0 0 , of which $15,000,000 is 7 p. c. non-camulative pre issued if and when and to the extent that the same shall be
ferred, The first board of directors consists of George R. required for the conversion of all or any of the said bonds,
An official circular dated Dec, 14 says in substance:
Sheldon, Thomas F. Rvan, John E, Borne, Pliny Fisk, C. M.
Schwab, Edward McTivaine. Archibald Johnston, C. W,
The directors h ave authorized, subje3fc to the con sen t o f the s to c k
holders, the im m ediate sale o f $5,0 )0,000 o f con solid ated m ortgage 5
Wetmore and Oliver Wren, An official statement says:
Tb® reorgan ization com m ittee has p u rch ased all o f th e p rop erties o f
the U nited States Shipbuilding Co. and the shares o f stock o f the B eth
lehem 8teel Co , and it is e x p e cte d that the n ew com p an y w ill be vested
w ith the ow n ersh ip o f th ese'p rop erties w ithin a fe w days. The plan o f
reorganization has been a v ery m arked success, h avin g b een ad op ted
b y all o f the holders o f the colla tera l tru st b on d s c o v e r in g the shares
o f stock o f the B ethlehem Steel Co. and b y m ore than 98 per ce n t o f
th e holders o f the United States S hipbuilding Co. first m ortga g e bonds.
H olders o f th e $15,000,000 first m ortga g e b on d s o f th e o ld U n ited
States Shipbuilding Co will re ce iv e in e x ch a n g e $ 9 ,0 0 0 ,0 0 0 p referred
and $6,000,000 com m on stock o f the reorga n ized oom pan y.
Bridgeport (Conn.) Malleable Iron Co.— New Stock,—
This company has filed a certificate in Connecticut providing
for an increase in capital stock from $200,000 to $4,000,003,
“ to enable the company to work out ideas along progressive
lines.”
President, William A . Grippin ; Vice-President,
Harris WhUtemore ; Treasurer, William J. Grippin, and
Secretary, Henry Atwater,
Consolidation Coal Co- ©f Maryland,— Bonds Offered.—
Harvey Fisk & Sena are offering for sale at 98 and interest
$8,0€0.(100 of this company’s authorized issue of $7,500,000
refunding mortgage 4% p, c. gold bonds, dated May 1, 1904,
and due May 1, 1934, but subject to call at 110 and interest
on-any interest day upon three months’ notice. A circular
gives the following resume of the company’s property:
pro perty
OW NED.
Underlying
Tonnage.
12.149 acres G eorges Creek B ig Vein c o a l In A lleg h a n y
C oun ty, Md ......................................
120,000,000
24,702 acres P en n sylvan ia c o a l In. Som erset C ounty (all
u ndevelop ed). ..........................................
..2 4 4 ,0 0 0 ,0 0 0
11.566 acres W est V irg in ia coal (P ittsbu rgh N ine-foot
V ein ), in M on on galia C ounty (all u n d e v e lo p e d )................... 1 1 5 ,0 0 0 ,0 0 0
189 acres su rfaoe lands.
p. o. sinking la n d co n v e rtib le gold b on d s. These bonds are to be se
cured by a m ortga g e p rov id in g fo r the ultim ata Issue o f n ot exceed in g
$ 10,000,000 o f such b on ds, the rem aining $ 5,000,000 bonds to be re
served and Issued o n ly fo r fu tu re a d dition s and Im provem ents w h ich
actually Increase earn in g ca p a city . They are a lso to b e secu red b y a
sinking fu n d sufficient to p rovid e fo r the red em p tion o f the hands by
m aturity. The $ 5 ,0 0 0 ,0 0 0 bonds presen tly to be Issued w ill reim burse
the treasury fo r surplus earn in gs used fo r ad dition s and Im p rov e
m ents; furnish ad d ition al w ork ing cap ital m ade n ecessary by the in
crease in the p rod u ction and business o f th e oom p an y, and p a y fo r
con tem p la ted Im provem ents w hich are n ecessary to en able som e o f
the m ills to p rod u ce p aper w ith less expen se and la rgely in creased
profit.
A large am ount o f w ork in this d irection has alread y been done.
The oost o f this w ork, whl e p rop erly ch argeable to oapltal e x p e n d
iture, has n o t been p ro v id e d fo r b y the issue o f stock o r b on d s, bu t
has been taken fro m the surplus and w ork in g cap ital
B y these e x
penditures the p rod u ctiv e ca p a city o f the oom p an y h a eb een Increased
ov e r 400 ton s o f paper per d ay sin ce 1899, while 453,( 00 acres o f
w oodlands have been added to the p rop erty. This lnorease In prodaotion p rop erly requ ires an Increase In w ork ing capital, and yet, on
the con tra ry, th e w o rk in g cap ital has been redu ced by the d rafts u p on
it n ecessary to pay In p a rt fo r these im provem ents. It la n ot fair to
the com m on stockh olders to con tin u e to p ro v id e for Im provem ents en
tirely out o f cu rren t earnings. Y o u r directors h ave already arranged
fo r the sale o f the presen t p rop osed issue, and th ey believe th iL w h ile
it w ill n ot substantially lnorease the [annual] expen ditu res o f th eoom pany, sufii lent w ork ing ca p ita l and the com p letion o f the neoessary
im provem ents thus m ade possible, w ill la rg ely in crease the earn in g
ca p a city and greatly benefit the stock h old ers.
The immediate issue of $5,000,000 bonds has been under
written by a syndicate which is headed by Flower & Co.—
V. 79, p. 2645, 788.
Lehigh Coal & Navigation Co.— Option .— Voting Trust.—
It was announced on Thursday that a five-day option had
been given on the stock deposited with George H. Earle Jr.
The option, it ia stated, was obtained “ in the interests of
New York people,”
4 8 ,6 0 6 acres in all, w ith u nd erlyin g ton n a g e o f ....................4 7 9 ,0 0 0 ,0 0 0
The plan to place the stock held by Mr, Earle ia a voting
A lso 15.000 shares, ih e entire cap ital stock , o f the C um berland &
P en n sylvan ia R E ., [^2 m iles o f roa d ]; 60,001 shares, a m a jority , o f the trust for five years, with power to sell at not less than $135 a
ca p ita l etook o f the F airm on t Coal Go.; 20,001 shares, a maj >rity, o f share, was submitted on D je. 9. The trustees proposed were
th e oapltal stock o f the Som erset Coal Co ; a co n tro llin g in terest In President L. A. Riley, George H. Earle Jr,, George H.
th e M etropolitan Coal Co. o f B oston , w h ich ow n s v a lu a b le fa cilitie s
fo r storlDg and m ark etin g coa l In New E ngland; also 2 Iron steam ers, Frazier (of Brown, Bros. & Co ), Richard Y, Cook (President
3 sea goin g tags, 16 barges and 117 can al boats. The oom p a n y has of the Guarantee Trust & Safe Deposit Co. of Philadelphia)
9 fn lly equipped m ines in op era tion on the G eorges C reek B ig Vein and a fifth to be named by the four, Subsequently Mr.
p rop erty , p rod u cin g abou t 2 ,0 0 0 ,0 0 0 ton s o f c o a l p e r annum .
Riley’s name was withdrawn, as the executive committee of
Earnings.—The results of operations for the nine mouths the company preferred that he should occupy an independent
ending Sept. 39, 1904, compare with the figures for the cal position
endar years 1903 ard 1902 as follows:
The block of stock, amounting to some 39,000 shares,
Period
Net
Interest Sinking
Other
Balance, owned by the First National Bank of New York, is reported
Covered.Earnings, on Bonds.
Fund.
Charges. Surplus.
to have been sold through Smith & Gowen of Philadelphia.
1 9 0 4 ,9 mO0......... $916,227 $ 58,628 $ 14,269 $ 1 3 7 ,6 4 4 $ 6 8 5 ,6 l 6
1908, y e a r............ 1,823.289
77 ,4 5 0 45, 9*2
6 1 2 ,3 7 9 1 ,087,508 —V. 79, p. 2646, 2591.
1902, year............ 1,072,270
77 ,0 0 0 47,200
5 6 4 ,6 3 2
383,438
New England Brick Yards Co.—Reorganized Company
‘ O ther C harges” Include Im provem ents, interest on loa n s, ro y a lty
Files Mortgage.—This company, formed under the reorgani
o r reserve set aside and d ep reciation n o t ch arged d ire ct to op era tin g .
O f the $5,750,000 refu n d in g 4ia p. o. bon ds Im m ed iately available zation plan of the New England Brick Co. ( V . 79, p. 2151),
$4,500,000 has been Issued an d used fo r the p u rp ose o f retiring has filed a first mortgage for $733,000 to the Old Colony Trust
‘ ‘sp ecial bills p a y a b le.” T he interest u p on these n otes fo r 1903 and
1904 has been Included in the a b ov e statem en t o f earn in gs, e t c ., Co,, as trustee, covering the entire property, including the
under the head o f “ oth er ch arges,” sh ow in g that n otw ith sta n d in g the $390,000 capital stock of the New England Brick Co , the
issue o f $1,500,000 o f these bonds, the surplus as sh ow n In the fo r e new operating concern. The last-named company agrees to
g oin g statem ent w ill n ot be m aterially changed.
operate the brick yards company’s properties at a rental
Dividends have been paid regularly on the stock since 1885- sufficient to cover all taxes, interest on the aforesaid bonds,
Compare V. 79, p. 502; V. 78, p. 1271.
insurance, etc.
New Acquisition.—See Fairmont Coal Co. below.— V, 79,
The bon ds are g o ld 5 p er cen ts o f $ i,0 !)0 each, d it e d Jan . 1 ,1 9 0 5 ,
p. 592,
and due Jan. 1 , 1925. b u t su bject to ca ll in w h ole o r in p art on an y
interest d ay at par; la ter s 6 p ayable July 1 and J an 1 at offloe of
Diamond Stale Steel Co.— New Receivers.—Agreeably trustee. Capital stock, ail oatsi nading, $366,500. p ar o f sh ares $ 100.
with the recent vote of the creditors, the proceedings in in The brick yards oom p an y w as In corp ora ted in Maine N ov. 19, 1904.
voluntary bankruptcy were dismissed on Dec. 12 and James President, A. E Looke; S ecreta ry , H. H . B sm l-; T re a s u re r T hos.
F. Winchester and H, T. Wallace were appointed general L a cey. Office, 189 D evon sh ire St., B o ston .—V . 79, p. 2208, 2151.
Nova Scotia Steel & fo a l Co.—Ronds Offered.—The Royal
receivers by the United States District Court at Wilmington,
Dal. Besides the $1,000,000 bonds, the receivership petition Securities Corporation, Limited, of Halifax, and several other
states that there are other claims outstanding amounting to Canadian institutions, will receive subscriptions at par and
interest until the close of business, Dec. 20, on behalf of the
$275,000,— V, 79, p. 2459, 736.
underwriting syndicate, for $1,000,009 of the present issue of
Fairmont Coal Co,— Purchase.— This company, control
led by the Consolidation Coal Co. of Maryland, has ac $1,500,000 new 6 p. e. consolidated mortgage grid bonds, due
quired a m j ->rity of the $2,250,000 stock of the Pittsburgh in 25 years, but subject to call at 110 and interest; denomi
i?
& Fairmont Fuel Co,, which owns 17,966 acres of coal land iu nations, $500 and $1,000. See particulars in V. 79, p. 1464.
in te re st p a y a b le sem i-annually, A pril 15 and O ctob er 15, In
West Virginia onth® B. & O. RR, between Clarksburg and
H a lifa x , M ontreal and T oron to. M ortg ag e con tain s p rovision s fo r
New Martinsville. Five mines are in operation, producing yeurly p aym en ts to the T rustee on and a fter Jan. 1, 190 L o r sam e
about 500.000 tons a year. There are $1,300,000 5 p. c. sufficient to redeem th e w h ole Issue d u rin g the term o f the bon ds.
80-year bonds outstanding of an authoriz-d issue of $1,509,- S u bscriptions are p a y a b le as fo llo w s: 5 p. o. on ap p lication ; 20 p. o.
allotm
o. on Jan. lft,
000. The bonds will remain undisturbed. The Consolidation on o. on Ment; 25 p.18 0 5 .—V. 79, p.1905; 25 p. o. on Feb. 15, 1905; 25
p.
arch 15,
1464, 969.
Coal Co, and its subsidiaries now control 40,000 acres of
Old Dominion Iron & Nail Works, Richmond, Ya.—
coal lands, C. W , Watson and J. H. Wheelwright are, res
pectively, President and Vice-President of each of the com Change in Control.— The control of this property has been
panies. Offices in Baltimore and 1 Broadway, New York, acquired by Frank J. Gould, who is largely interested in the
Virginia Passenger & Power Co. Compare V. 74, p 941.
See also Consolidation Coal Co, above.— V. 78, p. 1272.
Pennsylvania (B e ll) Telephone Co.— Acte Stock.— The
International Paper Co.—New Mortgage—Official Cir
cular.—The shareholders vri\l vote Jan. 3 on the following shareholders will vote Jan. 25 on increasing the capital stook
propositions: (1) To authorize theissueof consolidated mort from $3,000,000 to $5,000,000 to provide for making extensions,
gage 5 p. c. sinking fund convertible gold bonds for the ag etc., as from time to time required.—V. 73, p. 1163,
Pittsbnrgh-Baffalo Co.— Sale o f Two Mines.—See Pitts
gregate principal sum of $10,000,000, payable in 80 years, to
be secured by a mortgage or pledge upon the property and burgh Coal Co. below.—V. 78, p. 2332.
franchises of, and upon the stocks of other corporations now
Pittsbnrgh Coal Co.— Purchase.— Pittsburgh advices an
held and owned by, the International Paper Co., and to nounce the purchase from the Pittsburgh-Buffalo Co. (V.
authorize the directors to sell the said bonds from time to 78, p. 2332, 1786, 1449) of its Blanche and Rachel mtnes,
time in their discretion, subjeot, however, to the limitations which are situated on the Wheeling division of the Balti-
THE CHRONICLE.
*2700
|VOL. L X X Ii,
more & Ohio RR. and the P eterB Creek branch of the Penn
United States Telephone & Telegraph Co., Waterloo,
sylvania RR., respectively. The Pittsbargh-Baffalo Co., it is Iowa.— Foreclosure Proceedings.—Proceedings were recently
stated, will continue to own and operate the Hazel, Francis begun in the Federal Conrt for the Northern District of Iowa
and Bertha mines in the Pittsburgh district and its two by the Federal Trnst & Savings Bank of Chicago to fore
mines on the Buffalo & Pittsburgh division of the Pennsyl close a mortgage under which $200,000 bonds ar6 said to be
outstanding.
vania RR. The ‘‘Pittsburgh Chronicle” says :
T he am ount o f m on ey In volved In the transaction Is n o t g iven , but
Western Union Telegraph Co.— Quarterly. — Earnings
In ex ch a n g e fo r the p rop erty the P ittsburgh Coal Co. gives an acreage
(partly estimated) for the quarter and six months ending.
o f coal ad jacen t to the B ertha m ines o f the Pittsburgh Buffalo Co. on
Dec. 31 were :
the W heeling division o f the B altim ore & Ohio KR., and also a b lo ck
o f stock In the P ittsburgh C oal Co.
The tran saction lnolndes a renew al b y the P lttsburgh-B uffalo Co. o f
Its con tra ot w ith the P ittsburgh Coal Co. fo r the handling o f Its lake
coal fo r a term o f three years. It also elim inates the PlttsburghB uffalo Co. as an aggressive com p etitor, as Its lnoreaeed p rod u ction ,
under this arrangem ent, during the oom ing year, will be on ly 20 p. o.
o v e r the present year's ton n age, Instead o f m ore than d ou b lin g the
ou tp u t o f 1P01. as origin a lly con tem p lated . The coal holdings o f the
Plttsburgh-B uffalo Co. and Jon es interests In the P ittsburgh district
are the larg est n ex t to those o f the P ittsburgh Coal Co ; b u t under the
agreem ent on ly abou t 15 p. o. o f these properties w ill be op era ted fo r
a certain te im o f years.—V. 79, p. 2090, 216.
3 mos. end. Dee. 31. Net revenue. Jnl charge.
1904 fe e t) ..................$2,000,000
$ 2 9 7 ,v )0
1903 (aotual).............. 2,000,060
286,300
6 mos.—
1904 (e st.)................... 4,068,005
595,100
572,600
1903 (a otu a l).............. 4,347,256
12 months—
1903-4 (estim ated)...
910,436
1902-3 (a ctu a l)......... 1,853,533
The righ t-of-w ay o f a railroad la p rop erly d evoted to a pu bllo use and
has often been called a h igh w ay and as sn oh ls su b]sot to a certain e x
ten t to State and F ederal con trol. B ut it has alw ays been reoogn lzed
that a railroad righ t-of-w ay Is so far private p rop erty as to be en titled
to that p rovision o f the C onstitution whtoh forbids Its tak in g e x c e p t
ing under the p ow er of em inent dom ain and UDOn p aym en t o f c o m
pensation.
Div’dspaid.
$1,217,020
1,217,017
2.434,040
2,434,034
B al.,su r.
$485,430
486,743
1,038,865
1,340.6 22
Total surplus (estimated) Deo. 31, 1904, $15,920,293. The
regular 1% p. e. dividend is payable Jan. 16.
Decision.—The United States Supreme Court on Dec. 12
decided the two oases involving the right of the company to
occupy the right of way of the Pennsylvania RR., on pay
Sloss-Sheflield Steel & Iron Co.—Earnings.—The results ment of compensation, in favor of the railroad company. The
for the 3 and 12 months ending Nov. 30, 1904, November esti majority opinion, written by Justice McKenna, holds that
mated), were :
the railroad right of way is not a post road within the mean
P referred
Balance ing of the Act of 1866 giving the telegraph company the
3 months ending
Net
Interest and
dividend.
surplus.
November 30 —
earnings.
taxes.
$114,000
*4 0 ,7 0 7 right of eminent domain thereunder. See V. 78, p. 162. The
1904 (estim a ted )___ $214,707
$60,000
285,615
1903 (a o tn a l).............
114,000
111,615 Court says:
60,000
240.000
240.000
4 56.000
4 56.000
214,436
1,157,533
Total surplus Nov. 30 1904 (estimated), $2,481,918,—Y. 79,
p. 1026.
Spokane Falls (Wash.) Gas Light Co.—Property Trans
ferred, Back .—In accordance with the judgment ordered by
the Supreme Court of Washington and filed In the Superior
Court on Dec. 3, setting aside the sale of the property to Chas.
8. Reeves, a deed has been filed re-transferring the title from
the Spokane Gas Co. to the old Spokane Falls Gas Light Co.
The $500,000 mortgage made by the Spokane Gas Co. to the
United States Mortgage & Trust Co., under which no bonds
were ever issued, has also been released. The sale was upset
as a result of the suit brought by the holder of eight shares
of stock. The old company, it is stated, had outstanding a
mortgage for $100,000. See V. 76, p. 1359, 814.— V, 77, p. 254.
United Box Board & Paper Co.— Plan .—In conformity
with the suggestion made several months ago by President
Barber (Y. 78, p. 1913, 2602), and as “ the first step in a
thorough reorganization,” a proposition has been made to
the stockholders by a committee, which is constituted as fol
lows:
E . R. Stettinius, Chairman: Jam es A . R oberts o f N ew Y o rk , W . A .
R ussell o f B oston , 8. B. Flem ing o f F ort W a yn e, R . E . E va n s o f C olu m
bus and D . M oCailay o f M iddletow n , O.
In order to obtain $1,000,000 cash, the committee offers
to the shareholders the option of subscribing for the
company’s holdings of stock, $5,788,300, in the American
Strawboard Co. (total issue, $6,000,000—Y. 78, p. 767) at
$17 50 per share (par $100), a bonus of 25 p. c. to be given
therewith in preferred stock of the United Box Board &
Paper Co. Stockholders have the privilege to subscribe for
one share of Strawboard stock for each four shares of their
Box Beard holdings. Subscriptions are payable 10 p. c. on
application, 10 p. c. on allotment and the remainder in four
equal instalments of 20 p. c. each, payable April 15, July 15,
Oct. 15, 1905, and Jan. 15, 19C6.
Stocks thus purchased will be held by the committee, with
power to sell the stock aarain at $18 for American Strawboard
shares and $10 each for United Box Board to any corporation
organized for the purpose or in any manner deemed fit by this
committee; also subject to the right of the United Box
Board & Paper Co. to re-purchase the Strawboard stock at $18
a share on or before Jnne 1, 1905,
The directors in a circular dated Dec. 9 say:
Since tb e organ ization o f y ou r co m p a n y there has been a grea t la ck
o f w ork in g capital. Its n otes, p a y a b le as o f Jan. 2nd, 1904, w ere
$1,0 9 1 ,3 1 4 , and its a ccou n ts p ayable $254,028. A s o f Oct. 2 9 ,1 9 0 4 ,
th e n otes payable were $ 1 ,0 7 0 ,7 5 9 and the a ccou n ts p a ya b le $340.850. On Jan. 1 ,1 9 0 5 , bon ds to the am ount o f $315,000 m ature. On
Oct. 29, 1901, th e cash In hand, n otes and a cco u n ts receiva b le, and
m aterial on hand, am ounted to $1,432,882.
The effeot o f the prop osed sale o f the stook o f th e A m erican Straw
B oard Oo. w ill be to reduce the liabilities by $ ! ,000,000. w hile a fu r
ther sum o f $250,000 can , w e believ e, be realized fro m the sale o f oth er
interests, and henoe, after tak in g these am ounts in to con sideration,
and after the p aym en t o f bonds due Jan . 1, 1905, the liabilities w ill
b e reduced to abou t $533,000, w h ile th e qu ick assets w ill rem ain the
sam e, n am ely, $ i,« 3 2 ,880, and the present ob lig a tion s fo r b o rro w e d
m on ey w ill h ave been en tirely discharged.
The profits fo r the last yea r haye been u n sa tisfa ctory b y reason o f a
m arked d ecrease in th e volu m e o f business. It is believed, h ow ever,
that trad e con d ition s from n ow on w ill m aterially Im prove. But, In
any even t, it seems w ise to strengthen the financial co n d itio n o f the
com p a n y , w hich, in the opin ion o f the board, can b est be d on e b y of
fe rin g the stook o f th e A m erloan Straw B oa rd Oo. at a prloe w h ich is
a ttractiv e becau se o f the in trin sic m erit o f tbe stock and w hioh m ay
b e rendered esp ecia lly a ttra ctiv e b ecau se o f the possibility that the
A m erloan Straw B oard Co. w ill be m ade a nucleus fo r a com p lete re
organ ization o f the finances o f y ou r com p a n y, a reorga n iza tion w h ich
m ay reason ably be ex p eoted , though no plan fo r the fu tu re other thau
that n ow p rop osed has as y e t been develop ed .
“ The plan,” it is stated, “ has already been underwritten ;
in fact, oversubscribed.”—V. 79, p. 2647, 2476.
United States Carbon Co., Cleveland, Ohio.—Poperty for
Sale.—The Guardian Savings & Trust Co. of Cleveland is
offering for sale this company’s property, Including about 2*4
acres located on the Pennsylvania RR,, Cleveland. Capacity
of plant about 50,000 carbons per day.— V, 73, p. 964.
United States Shipbuilding Co.—Successor Corporation .—
See Bethlehem Steel Corporation above.—V . 79, p. 2647,1957,
Justice Harlan dissented, stating that it was the intent of
the Act in question to throw open ail the post roads in the
country, including in his opinion the railroad rights of way,
to the use of telegraph companies accepting it3 provisions, in
accordance with the doctrine often announced by the
Supreme Court that a “ railroad is a public highway, estab
lished primarily for the convenience of the people and to sub
serve public ends, and therefore subject to Governmental
control.”
Justice Brewer concurred with the majority solely on the
ground that the question had been settled by previous decis
ions of the Conrt; otherwise, he stated, he wonld incline to
Justice Harlan’s view of the statute, See also V. 77, p. 2163;
V. 76, p. 1253, 1200, 1147, 216.—V. 79, p. 1640, 1026.
—The $40,000,000 of United States of Mexico 4 per oent
bonds reoently purchased by a syndicate headed by Speyer &
Co., it is announced, have been privately sold to the amount
of $25,000,000. and the balance is now offered for public sub
scription at 94 and interest by Speyer & Co. and Harvey Fisk
& Sons. The bonds run for fifty years and principal and in
terest are payable In New York, London, Frankfort, Berlin
and Paris. They are exempt from Mexican taxes. Other
details as to the issue may be found in the advertisement on
another page. Subscription lists will be opened at 10 o’clock
on Dec. 19 at the offices of the hankers and will be closed at
3 o’clock or earlier on the same day. Payment for bonds al
lotted must be made in New York funds on or before Dec. 21.
Pending the delivery of definitive bonds temporary certificates
will be issued by Speyer & Co. Subscriptions will be opened
simultaneously in London by Messrs. Speyer Bros, and in
Amsterdam by Messrs. Teixeira de Mattos Bros. Application
will be made at once to list the bonds on the New 'York Stock
Exchange and on the principal Exchanges in Ear ope.
—The Guaranty Trnst Co. of New York has issued a hand
some chart about 18x22 inches in size, prepared by its bond
department, showing in a comprehensive way the inter
relation of the various companies constituting the Brooklyn
Rapid Transit System. The chart is appropriately framed,
ready for hanging, and besides indicating clearly the rela
tions of the constituent properties, shows in. considerable
detail the securities of the different companies, and states
the fixed charges of the individual companies and of the en
tire system. While the facts and figures set forth on the
chart are obtained from sources available to the general
public, the form in which they are assembled will facilitate
any effort to acquire a general knowledge of the securities
described.
— A selected list of investments yielding from 2% to 5*4
per cent, is advertised by Redmond & Co., 41 Wall Street,
New York, and 507 Chestnut Street, Philadelphia. Among
the issues offered are Pere Marquette RR, refunding fours,
St. Louis & San Francisco 4*4 Per cent gold notes, Terminal
of St. Louis general refunding fours, and bonds and notes of
other prominent railroads; also some issues of gas, electric
lighting and street railway companies,
—The Wallace H. Hopkins Co., brokers, of Milwaukee,
have just issued a pamphlet which they have carefully pre
pared describing the “ Bonanza Circle” mining properties at
Bisbee, Ar., namely the Calumet & Arizona, Lake Superior &
Pittsburgh, Calumet & Pittsburgh and Pittsburgh & Duluth
and Junction Development companies.
—E. D, Shepard & Co, are offering $500,000 city of Hart
ford, Conn., 3)^8, legal for savings and trnst funds. These
are fifty-year bonds and therefore especially attractive for
this class of investment.
—Eight hundred thousand dollars of Hudson County 4 per
cent fifty-year gold park bonds are offered by E, D. Shepard
& Co. Important facts relating to this issue will be found
in the advertisement on page xiii.
THE CHRONICLE.
D e c . 1 7 ,1 9 0 4 . |
2701
C O T T O N .
jin x e s .
COMMERCIAL
F r id a y N ig h t , December 16, 1904,
C r o p a s indicated by onr telegrams
from the South to-night is given below. For the week ending
this evening the total receipts have reached 320,447 bales,
against 382,495 bales last week and 377,484 bales the previous
week, making the total receipts since the 1st of Sept., 1904,
5,290,704 bales, against 4,648,241 bales for the same period of
1903. showing an increase since Sept. 1,1904, of 642,463 bales.
T
E P I T O M E
F r id a y N ig h t , December 16, 1904.
he
Movement
of the
Considering the proximity of the holiday season and the
turn of the calendar year, the volume of new business pass
ing in a number of lines of trade is reported as being of ex
ceptionally full proportions. A general firmness of prices
Sat.
Mon.
Receipts at—
Tues.
Wed. Thun.
TH.
T o ta l.
for most staples reflects the confidence of the trade in an Galveston..---- 19,471 15,302 23,327 13,970 15,885 6,976 94,931
active condition of business for the coming year; further
......
Pt.Arthur,Ao
......
......
-n ■ .
ns
1,011
1,011
more, many buyers show a disposition to keep their pros Blew Orleans... 9,026 17,695 26,624 14,984 17,604 10,694 96,627
855 14,757
pective requirements well covered, and many merchants and M o b ile ......... 4,303 2,386 1,631 2,122 3,460
1,043
3,343
394 11,714
Pensacola, &c. 6,934
manufacturers have booked a considerable volume of busi
Savannah...... 9,645 9,893 11,040 9,442 8,383 7,349 55,752
ness for supplies for delivery during the early part of the
Brnnsw’k, &e
10,203 10,203
646
592
318
new year. In the speculative market increased activity is Charleston----248
274 1,477
3,555
49
Pt. Royal, Ac.
49
developing in copper; prices have been firmer, discounting
648
482 1,554
313 2,226
Wilmington....
472
5,695
an expected decrease in reserve stocks.
......
i« u ..r
......
no
Wash’ton.&c.
Lard on the spot has been in moderately active demand, Norfolk........... . 2 804 2,892 3,028 1,725 2,182 3,671 14,302
exporters being the principal buyers. There have been fairly N’p’t News, Ac.
.C O . ..
«u<Bomo
s o ....
298
298
839
773
99 1,388
3,097
free offerings and prices have held about steady, closing at New York........ . . . . . .
941
266 1,330 1,057
959
6,556
7-20e. for prime Western and 6-5Q@6 75c. for prime City. Boston............. 2,003
..... a
......
......
1,489
1,489
Baltim ore......
Refined lard has been quiet, closing at 7‘20c. for refined for
50
149
99
50
411
60
S
Philadelp’a, Ac
the Continent. Speculation in lard for future delivery has
54,730 44,720 320,447
55,540 50,0171 69,631 45,809
been quiet, but large receipts of swine have operated against Tot. this week.
The following shows the week’s total receipts, th© total since
values. The close was quiet but steady.
Sept. 1 , 19C4, and the stocks to-night, compared with last year.
OW U B D f d t d b b s
Sat.
Mon. Sues.
Wed.
Dee. del’y.............. 6-80
6 -7 7 1 3
6'77^s 6-80
Jan. a e r y ........... 6-85
6-821* 6-80
6 85
May del’y.............. T 0 7 ^ 7-05
7 0S
1-12^
d a il y
Q L o e ir c © P R I 0 S S
i s Ch
ic a g o
Thun.
6 -8 2 1 3
6871a
7-12»3
.
&H.
6*80
6-85
7-12ifl
The demand for pork has been quiet and prices have weak
ened slightly, closing at $12 50@13 25 for mess, $18 5Q@15 50
for short clear and $14@14 50 for family. Cat meats have
sold slowly and prices have been easier, closing at 7 ^ c . for
pickled shoulders, 9j^@10c. for pickled hams and 714@7J^c.
for pickled bellies, 14@10 lbs. average. Beef has been dull
and unchanged at $9@9 50 for mess, $10@11 for packet,
$10 50@11 50 for family and $16 50@17 00 for extra India mess
in tcs. Tallow has been quiet and unchanged at 4%c.
Stearines have been firm at 7 ^ @ 7 % c . for lard stearine and
6%c. for oleo stearine. Cotton-seed oil has had a moderate
sale at steady prices, closing at 25@25J^c. for prime yellow.
Butter has advanced for choice grades, closing firm at
17@27J^c. for creamery. Cheese has had a fair sale at steady
prices, closing at 8J^@12c. for State factory, full cream.
Fresh eggs have been in fair demand and steady at 32c. for
best Western.
Brazil grades of coffee have been in fairly active demand
and firmer. Decreasing receipts and an expected reduction
in existing stocks have had a stimulating influence upon
buyers. The close was firm at %%g. for Rio No. 7 and 9 ^ c .
for Santos No. 4. West India growths have been in fairly
brisk demand and firm, closing at 9%c. for good Cncuta and
11c. for good average Bogota. East India growths have had
a limited sale at firm prices. Speculation in the market for
contracts has been more active and at gradually advancing
prices. Prominent interests have been steady buyers. The
close was active and higher on reports of a small estimate of
the growing Rio and Santos crops. Following are the closing
asked prices:
Deo.................. 7-40o.
Jan................. 7-40o.
March. . . . . . . . 7-70o.
May. __________ 7-90o. Aug................
8-20o.
June................... 800o. Bept................... 8-2fto.
July................... 8-10o. O ot................
8‘35o.
1904.
Receipts to
Dee. 16
Galveston...
Pt. Ar., Ac.
New Orleans
Mobile.........
P’sacola, Ac.
Savannah...
Br’wiok, A o.
Charleston..
P. Royal, Ac.
Wilmington.
Wash’n, <fee.
Norfolk.......
N’port N., Ac
New York...
Boston.........
Baltimore...
PMladel.&o.
This
week.
Stock.
1903.
Since Sep.
1, 1904.
This
week.
Since Sep.
1, 1903.
94,931 1,604,232 101,980 1,646,091
85,441
1,694
45,814
1,011
96,627 1,259,823 83,758 1,100,398
8,690 147,855
14,757 185,478
1,072
77,324
11,714
97,677
55,752 1,089.366 53,128 816,607
10,203 113,735
6,941
87,587
3,555 155,996
4,677 132,087
49
550
883
57
5,695 249,469 13,204 274,306
14
122
317
14,302 392,477 20,509 295,379
4,181
962
4,311
298
8,397
3,097
1,917
26,889
509
6,124
6,556
13,623
1,068
1,489
7,678
609
3,563
411
3,648
1904.
1903.
208,519
300,923
422,441
69,018
270,791
48,183
143,188
11,118
30,566
120,373
9,497
15,380
9,665
16,309
27,935
50
96,555
2,257
1,591
5,867
23,012
1.206
70,779
34,000
9,099
3,393
Totals....... 320,447 5,290,704 298,872 4,648,241 1,028.770
921,945
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipts at—
1904.
Galves’n, Ac.
New Orleans
Mobile.........
Savannah...
Ohas’ton, Ac.
Wllm’ton Ac
Norfolk........
N. News, A c.
All others...
95,942
96,627
14,757
55,752
3,604
5,635
14,302
298
33,470
103,674
83,758
8,690
53,128
4.7S4
13,218
20,509
962
10,199
Tot. this wk.
320,447
298,872
1903.
1902.
1901.
1900.
1899.
69,308
75,040
8,673
44,345
11,329
15,468
24,801
592
11,269
89,102
82,883
7,716
51,276
13,375
10,080
19,993
397
17,611
86,308
73,606
6,356
33,685
7,000
3,999
14,633
2,642
39,302
48,377
63,693
9,648
33,647
4,316
8,871
17,646
1,748
30,847
260,830 292,433 267,531
218,793
Since Bept. 1 5290,704 4648,241 4391,839 4300,923 4254,287 3742,742
Raw sngars have been in fair demand, but the close was
The exports for the week ending this evening reach a total
quietjat 4%c. for centrifugals, 96-deg. test, and 4%c. for mus
covado, 89-deg. test. Refined sugar has been firmer, but of 286,603 bales, of which 121,530 were to Great Britain, 31,552
quiet, closing at 5*55c. for granulated. Other staple grocer to France and 133,521 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1904.
ies have been quiet and unchanged.
Kentucky tobacco has been firmly held but business for the
From Sept. 1, 1 9 0 4 , to D ec. 1 6 ,1 9 0 4
Week E n d ing D ec. 1 6 ,1 0 0 4 .
week has been limited. Seed-leaf tobacco has had a fair sale,
E xp orted to—
E xp orted to—
Exports
including 1903 crop Wisconsin Havana seed, 1903 crop Penn
G reat
Qreat
Conti
from—
C on ti lo ta l
France
Total.
F rance
sylvania Broad leaf and Zimmer’s Spanish.
Sumatra to
nent.
B r it’n.
nen t. W eek. B rita in .
bacco has continued in fair demand and firm. Havana to
7 1 8 ,9 8 2 17 0,07 2
31 7 .8 5 1 1 ,2 0 0 ,8 8 6
G a lv e s t o n ........ 2 8 ,4 6 3 1 2 ,4 6 8 8 6 .4 1 3 7 6 ,3 6 6
bacco has been quiet.
4 3 997
2 5 ,6 1 0
P U A r th u r , A o .
......
6 0 ,6 3 7
Prices of spot supplies of Straits’ tin have advanced sharply Sew O r le a n s .. 8 4 ,6 3 6 1 4 ,2 7 9 4 4 ,1 4 8 8 8 ,3 6 3 4 0 9 ,5 7 7 14.......... 2 5 8 ,8 5 6
2.44 2
8 1 0 ,8 7 6
on stronger foreign advices. The close was quiet at 29-40@ M o b ile ............... 1 0 ,0 8 0
7,767
2 2 ,882
1 0 ,0 8 0
3 7 ,2 9 7
0 7 ,9 1 6
29-60c. Business in the market for copper has been quiet, P e n s a c o la , A c . 6 ,4 9 3 •••••• 3 ,7 8 4 10 ,277 3 3 ,5 3 1 16,744
8 5 ,6 9 9
8 6 .8 7 4
but prices have held steady at 14% @ i5 ^ c . for Lake and S a v a n n a h ......... 1 8 ,6 6 6 4 ,6 6 1 1 3 ,6 6 4 3 1 ,0 3 1 17 8, <80 4 2 ,9 2 0 4 6 4 ,2 8 4 7 0 3 ,3 8 4
14%@15c. for electrolytic. Lead has held steady at 4f70c. B r u n s w ic k . . . . 1 2 ,1 8 4 ...... ...... 1 2 ,1 ° 4
0,94 6
7 5 ,2 5 0
6 2 ,1 9 6
4 6 ,202
...... 9 ,8 0 0 9 ,6 0 0
Spelter has been slightly easier, closing at 5-75@5-87J^c. Pig C h a r l e s t o n ....
4 0 ,2 6 2
iron has been in fair demand and firm, closing at $17 C0@ P o r t R o y a l —
..........
........
3 ,6 0 2
7,8 14
10 1 ,0 8 9
180.577
7 .8 1 4
W llm ln s r to n ...
2 3 5 ,3 2 8
17 25 for No. 2 Northern and $17 25 for No. 2 Southern.
8,3 0 0
0,0 02
N o r f o lk ...........
1 4 ,3 0 2
Refined petroleum for export has been quiet and easier,
697
600
69 7
...•••
1 1 ,0 4 7
1 1 .6 4 7
closing at 7’80o. in bbls., 10-50c. in cases and 5-50c. in bulk, N ’ p o r t N ., A c..
160
6,6 67 2 0 ,5 3 0
16 9 ,8 1 4 1 0 ,4 3 5
9 3 ,9 2 5
2 6 4 ,1 7 4
Naphtha has been steady at lli^c. for 71 degrees and 12c. N ew Y o r k ........ 1 3 .7 1 3
400
7 ,2 2 8
6 8 ,5 0 5
B o s t o n ..............
6 ,8 2 8
5,3 0 6
7 3 ,8 1 0
for 76 degrees. Credit balances have been easier, closing at B a lt im o r e ........ 6 ,4 5 0
8 ,5 6 0
4 ,6 0 9 1 0 ,1 1 9
6 0 ,9 0 2
19 ,302
7 3 .7 6 4
l-55c. Spirits turpentine has been quiet but steady, closing P h ila d e lp h ia .. .......
60
1 9 ,4 6 9
50
686
2 0 ,1 0 5
at 51
for machines. Rosins have been dull and easier for San F r a n ., A o_
7 ,0 3 2
7 ,0 3 2
6 0 ,5 0 1
6 0 ,5 0 1
..........
...........
low grades, doting at $2 8 2 ^ for oommon and good strained.
T o t a l .............. 12 1 ,5 8 0 3 1 ,6 6 2 1 3 3 ,5 2 1 2 6 6 ,6 0 3 1 ,8 8 7 ,3 1 3 4 0 6 .8 S 2 1 .6 2 2 .9 5 6 3 ,8 1 6 .1 6 0
Hops have been dull and unchanged. Wool was qniet but
T o t a l. 1 9 0 3 . . . 12 4,27 1 T y .6 8 1 1 3 9 ,1 0 6 8 0 2 ,9 5 7 1 .8 9 4 .8 9 4 4 8 6 .8 6 9 1 .4 7 8 ,9 8 0 3 .3 6 0 .2 8 3
steady.
THE CHRONICLE.
270:2
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
F u t u r e s .— Highest, lowest and closing prices at New York.
g
w
o
o
S
j J
New Orleans. 2 i ,632 38,573 16,954 20,257
537
Galveston.. .. 44,908 13,716 21,744 9,554 5,534
Savannah.. ..
5,355
7,053
2,700
.mm
m
Charleston. ..
1,000
Mobile............
709 3.000 11,245 2,200 1,500
Norfolk.. . . . . .
4,200
1,000 11,400
New York___
4,000 1.000 2,500 4.000
Other ports. .
3,500 ........ 2,500 1,500
«
.
Total.
Leaving
slock.
97,953
95.456
15,108
1,000
18.645
16 600
11,500
7,500
Total 1903.. 95.002 30,521 94,365 45.237 31,834 296,459
Total 1902.. 68,142 65,972 63,191 37,801 20,609 245,715
Speculation In cotton for future delivery has been on a limit
ed Beale only, there being comparatively little trading exclu
sive of the operations by the regular traders. The movement
of prices has been irregular. Early in the week the tendency
was downward. Europe reported buyers of cotton as show
ing a disposition to hold off in view of the indicated large
supplies, and the demand from domestic spinners also was
reported as limited. Teen came a moderate rally on the
reports that the South was a slow seller of cotton at present
prices; there developed moderate buying from bear interests
to cover contracts, and some bull support also was given to the
market. Subsequently, however, the market again turned
easier. Advices received from the South reported easier
markets and there also were reports that at any improve
ment in prices Southern holders of cotton appeared as freer
sellers To-day the market opened easier, reflecting weaker
advices from Liverpool, At the decline there was a more
active demand in the Liverpool spot market, and this,
coupled with the fact that the amount of cotton “ insight”
for the week fell slightly short of expectations had a steady
ing it flusnce. Toe close was steady at a net loss for the day
of 8@6 points, Cotton on the spot has been quiet and easier,
closiug at 7-95e. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Good Middling Tinned . .c. Even
Strict MiddliDg Tinged.... 0 06 off
Middling Tinged.................0 12 off
Strict Low Mid. Tinged ... 0 34 off
Low Middling Tinged. ... 0 50 oft
Strict Good Ord. Tinged . 0 84 off
Middling Stained . . . . . ... 0'50 off
Strict Low Mid. Stained... 1 06 off
Low Middling Stained.......1-50 off
On this basis the official prices for a few of the grades for
the past week—Dec. 10 to Dec. 16 —would be as follows.
S&&. M ost T a e » W e d
7-15
78 15
8- 53
9 'si
7 00
7-02
77
8 00
8 44
8*96
6-95
r
r-57
795
b-39
8m 1
T il.
F r i.
7-40
802
8 ‘ 40
s-84
9 30
7 25
7 87
8 25
»-69
9 21
7-20
78- o
89-
M on Tue» W ed
Good O r d i n a r y .................
Low Middling___. . . . . . . . . . . . . .
Middling.....................................
Good M id d lin g ..........___. . .
Middling F a i r . . . . . . . . . . . . . . . . . .
Fr£.
Sait. M o n T u e s W e d
GULF.
Tk.
T i l.
F fi.
6 50
65
7-05
50
78-
6-50
750
7 ‘60
81
15
8-00
677-61
7-95
7 00
7 62
8 00
8-44
8-96
7-25
7 87
825
8 69
9-21
STAINED,
Low Middling............................
Middling. .................
Strict Low Middling Tinged...
Good Middling Tinged.......... .
6-50
7 50
766
8-00
77'62
800
88-96
7-25
7-87
8 25
8 69
9-21
6-60
7- 50
7 66
8-
7 00
00
7 62
8 oo
8*44
44
8*96
7 25
7 87
8 25
8 69
9-21
677-66
00
8’00
The quotations for middling upland at New York on
Dec. 16 for each of the past 33 years have been as follows.
1880
1904. . . . 0 . 7-95 1896 ... 0. ‘ Sjg 1888 „..c. 5 7e
1887.
1979 ... . 1 %
1903 . . . . . 1 2 - 4 5
1895 ...... 80,0
1886
1878
1902. . . . . . 8-70 1894 . . . . .
1885 ....... 9 3 ,6 1877 - — l l ’ w
1901 . : . . . 8-50 1893 ......... 8
1884 . . . . 1O1510 1876 . . . . . 1 2 1
s
1892. . . . . . 9^8
1900. ... ... I d s
1883 . . . . 107ia 1875. .......135ia
1899. ....... 711,6 1891 ....... 8
1882 . . . . . 10^8
1874 . . . . . 1 4 1 8
1898.
1890
1873 . . . . . l C ^
1889.
1881 . . . . . 1 2
1897. ....... £>78
Noth.—On Oct. 1,1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
%o. lower than Middling of the old classification.
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.
Sales of Spot & Contract.
Spot Market F utures
Market
ConEx
Con
Closed.
Closed.
port. sump. tract. Total.
Saturday..
Monday_
_
Tuesday...
Wednesday
Thursday..
Friday___
Total ...
Dull, 10 pts. do.
Dull.. . . . . . . . . . .
Firm.................. .
Bt’dy, 16 pts. ad
yulet,15 pts. dc.
Quiet, 5 pts. dee
Steady........
S eady . . . . .
steady ... . . .
steady. . . . . .
Steady . . . . .
steady....... .
....
...
um
m
....
...
425
S n
o
B
o
g
“
g O
3
R
2
H e n
5
J,100
i,io o
425
....
1,500
soo
1,575
300
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T h e V is ib l e Su p p l y o f C otton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week’s returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Deo. 16), we add the Item of exports from the United States,
including in it the exports of Friday only.
I s
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625,486
832.45 4
Good Ordinary................. ...... . .
Low M id d lin g .................... .
Middling............. ........................
Good M iddlin g....................
Middling Fair....... .
g
O
m
I I
I I
765,008
UPLANDS.
c
»
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324,488
15 3,063
128.080
29 566
50,3-; 3
11,335
85,055
23,048
Total 1904.. 81,793 00,489 60,298 38,511 22,671 263,762
Fair............................. ....e . 1-30 on
Middling F a ir................ 0'96 on
Strict Good M iddling...... 0-62 on
Good Middling............. .
0-44 on
Strict Low M iddling...... 0 1 4 off
Low Middling.................... . 0-38 off
Strict Good Ordinary . . . . . 0 72 off
Good Ordinary....................1-00 off
Strict Good Mid. Tinged.. 0-30 on
e
o
E
ON SHIPBOARD, NOT CLEARED FOR —
Qtr- Other Coast
Great
Britain Fr’nce tnany. For’gn wise.
g
K
n
Dec. 16 at—
[V O L . L X X 1X.
1 ■?
1 CD
&
& 1s
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1904.
1902.
1903.
1901.
stock at Livarpooiraora.i9aie*. 637,000 41S.000 472,000 620,000
Stock at
15.000
8,000
7,000
6,000
Stock at Manchester.
32,000
46,000
.... ...
Total Great Britain stook. 684.000 497,000 479,000 626,000
Stook at
12 000
6.000
19 000
13,000
B O ftt SnSUl^lIl tffla
tiO k
o
314,000 236,000 157,000 169,000
Stock at Antwerp. . . . . .
4 000
5 000
5 000
3,000
Stock at H avra..^
. . . . _ _ 151.000 156,000
87.000 121,000
Block at Marseilles..^
3,000
2,000
3,000
2,000
Stock at 3arcelo n R ..„.=.„ M^,
41,000
42,000
3 3,000
27,000
Stock at G enoa....
37,000
44,000
25.000
30,000
8l
Stook at PTisate__ _______ .
2.000
5,000
2,000
2,000
Total Continental stocks.. 552,000 491,000 346,000 367,000
64
16Total European stocks___1,236 000 983.000 825,000 993,000
53.000
54,000
17,000
India cotton mo&'. tu t kiurope 29 000
Amer. cotton 'iflos.tfor iS'rope. 865,000 783.000 685.000 795,000
74.000
81,000
72,000
Egypt, Brazil,&6., nlJt.for E’pe 66,000
45
Stock in Alexandria, E gypt... 174.000 i 91,000 182 000 203.000
45
Stook in Bombay, I n d i a . 276 000 146.000 189,000 155,000
Stock in United states ports. 1,028 770 927,945 1,078,169 1,023,936
Stook in U. s. interior towns. 791 971 542. 41 571.482 716,264
107,185
28,48'
19,943
United States ->sport® to-day.
1
35,451
Total visible supply..........4,502,192 3,805.271 3,691,136 4,000,143
Of the above, totals of American and. other descriptions are as follows:
692.000 371.000 392,000 555,000
39,000
26 000
488.000 453.000 321.000 331,000
^ ostln en ta i stock s.
kaieriean afloat for Kurope.. 865.000 783.000 695.000 795,000
United States sto c k ...... .... 1,028,770 92L945 1,078,169 1,028,936
fruited States interior stocks 791,971 542 1<1 571.482 716,264
28,485
19.943
35 451 107,185
United state*exports to-day._______ _______________
TO tai A m e r i c a n . . . . . . 3,827,192 3,217,271 3,076,136 3,446,143
JSasi In d ian , B ra sil, rtss.~
Liverpool s
t o
o
k
. 45,000
72.000
80,000
65.000
London *to o k ... . . . . . . . . . . . . . . . .
15,000
8,000
7,000
6,000
Manchester s to c k ................. .
6,000
7,000
....................... - -AiainisiiDai sm o *e „»,
64 000 38,000
25,000
36,060
.ndia afloat for E u ro p e .
29,000 53,000
54,000
17,000
Igyp t, Braail, A c ,, a flo a t....^
66,000 74,000
81,000
72,000
itcoE /n Alexandria, E g y p t ...
174,000 191.000 18 2 000 203,000
nook in Bom bay, I n d i a . 276, 000
146,000 189 OOP 155,000
675,000 589,000 616,000 554,000
To ta l ®»st India,
675,000 589,000 616,000
. 3,827,192 3,217,271 3,076,136 3,446,143
To ta l Am erican...,
Total risible supply..........4,502.192 3,806,271 3,694,136 4,000,143
4-62d.
41832 d.
7-ood.
4T9d.
diddling Upland, Liverpool.
8*se.
8-70C.
7-350
13-050,
iiMdiinsr Upland, New York..
7!ed.
7%d,
8%d
Sgypt Good Brown. Liverpool
8 * 16*
7d.
7'2od.
9-50d,
,"*rn t . Rough Good, Liverpool 1 0 bud.
41532 ! .
6 % 1.
4%d.
4516d
,{ro*eh Fine, Liverpool..........
49i6d.
42033 d.
43td.
'Hnviwveiiy Good. Livarpcio'-...
64*1.
Liverpool stock....... . . ..bales.
Manchester stock .....,.,......
Igf" Continental imports past week have been 193,000 bales.
Tbe above figures for 1904 show an increase over last week
of 124,O'! 9 b a le s , » gain o f 695,921 bales over 1903, an excess of
6<"0 2,930 3 40U 808,056 b a le s over 1902 and a gain of 502,049 bales over 1901.
75
. .. .
THE CHRONICLE.
D e c . 17, 1904.]
the
Ax
I nterior T owns
th e
m o v e m e n t— th a t
is
w e e k a n d t h e s t o c k s t o -n i g h t , a n d t h e s a m e
Quotations
th e
r e c e ip ts fo r t h e w e e k a n d s in c e S e p t . 1, th e s h ip m e n t s fo r th e
i t e m s fo r
th e
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Mobile ......
Savannah...
Charleston
Wilmington.
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B osto n ......
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Pbiladelph’a
Augusta.....
Memphis....
St. Louis...
Houston .
Little Rook.
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T h e a b o v e t o t a l s s h o w t h a t t h e in t e r io r s t o c k s h a v e in
creased d u r i n g t h e w e e k 17.9L 5 b a le s , a n d a r e t o -n i g h t 2 4 9 ,8 8 0
b a le s more t h a n s a m e p e r io d la s t y e a r . T h e r e c e ip t s a t a ll t h e
t o w n s h a v e b e e n 10,5 3 7 b a le s less t h a n s a m e w e e k la s t y e a r .
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 . —W e g iv e b e lo w a s t a t e m e n t s h o w in g t h e o v e r l a n d m o v e m e n t
fo r t h e w e e k a n d s in c e S e p t . 1, a s m a d e u p f r o m t e l e g r a p h i c
r e p o r ts F r i d a y n i g h t .
T h e r e s u lt s f o r t h e w e e k e n d in g
D e c , 16 a n d s in c e S e p t. 1 in t h e la s t t w o y e a r s a re a s f o l l o w s .
1904.
December 16.
Shipped—
Via St. Louis................
Via Cairo......................
Via Rook Island..........
Via Louisville..............
1903
Since
Sept. 1.
T eefc.
F
Since
Sept. 1.
Week.
25,858
14,:<58
3,472
5,417
3,631
7,983
202,004 24,533
141,705 15,034
1,208
2i,754
34,987
1,426
1,345
21,685
9,984
82,000
165,002
134,401
5,283
22,128
11,362
81,669
Total jxross overland...............
Deduct shipments—
Overland to N. Y .( Boston, &c.,
Between interior tow n s...___
Inland, &o., from South............
60,719
504,135
53,530
419,845
11,E53
178
1,288
52,157
3,863
13,208
2,186
521
415
19.282
10,233
15,898
Total to be deducted............
13,019
69,228
3,122
45,413
Leaving total net overland'.. 47,700 434,907
* Including movement by rail to Canada.
50,408
374,432
V ia C in c in n a ti...............
Via other routes, &o..
T h e fo r e g o in g s h o w s t h a t t h e w e e k ’s n e t o v e r l a n d m o v e m e n t
t h is y e a r h as b e e n 4 7 ,7 0 0 b a le s , a g a in s t 5 9 ,4 )8 b a le s f o r th e
w e e k in 1 9 0 3 , a n d t h a t f o r t h e se a so n t o d a t e t h e a g g r e g a t e n e t
o v e r la n d e x h ib it s a n in c r e a s e o v e r a y e a r a g o o f 6 " ,4 7 5 b a l e s .
1904.
In Sight and Spinners’
Takings.
Week.
Since
Sept. 1.
1903.
Week.
Since
Sept. 1.
Receipts at ports to Deo. 16....... 320,447 5,290,704 298,872 4,648,241.
Net overland to Deo. 16 ............
47,7 00 434y 07 50,408 374,432
Southern consumption Dec. 16..
43,000 614,000 42,000 621,000
411,147 6,339,611 391.280 3,643,673
17,915 729,711
7,482 530,539
Total in sight Deo. 1 6 ....
429,062
398,762
7,069,322
North, spinners’ tak’gs to Deo. 16!1 61,504
960,662
92,316
6,174,212
898,832
M o v e m e n t in t o s i g h t in p r e v io u s y e a r s .
W e ek 1902 - Deo.
1901—Dec.
1900- Deo.
1899—Deo.
19....................
V.0....................
21
.........
22
.........
Bales.
346,860
393,063
388,44 l
311,821
Since Sept. 1—
1 9 0 2 -Dee. 19.................
lPO l-D eo. 2 0 .................
1800—Deo. 21.................
1 8 9 9 -Deo. 22.................
' 7% "
7% "
8 10
8 -0 0
7-88
8-25
758
71'ie
7%
75g
71
e
7'S8
8-25
8 00
7%
?<%
7*8
7%
79ie
7ifl
75a
7 Li
7lli6
7 Li
738
7S8
738
734
800
7-88
8-40
7V #
7\
7S4
7S
t
7*8
7% “
8-15
7-88
8-25
7%
7%
7%
758
7*8
7%
7-88
8-25
711,6
71116
73*
73s
7q
8 -0 0
7 88
8 20
7^16
75g
7%
75s
71
s
75«
738
684
j Louisville.......
j Montgomery..
I Nashville. . . . . .
8
7H
759
Natohez.. . . . . .
Raleigh........ .
Shreveport....
73s
7h3
7'l8
Sat’day, Monday, Tuesday, T ecZ
F ’dav, Thursd’ y Friday,
Dec. 10. Dec. 12. Dec. 13. Dec. 14 Dec. 15. Dec. 16.
~ oi'o oil-'ip o k c t-i q cso»o i» wipVi oo«o T x xlolole ® i»4-<i <T©
b
o c d
c
o
O K i-P -iK OKK.r.MffiK-3»Wi;tC«»a,'®M#.--XM-M010<lH
taoo<)'4^oi'Ji^<itci-‘ ^jo;Oixi-'Oia;i—
o;on^tf^to60o;OKi6;i(^wo;io ©°®
CO
IbOCO
7% "
7 “ '6
7U 18
7%
75a
7ig
79ia
7Ja
7 ii 16
75s
77ie
7l
2
738$ 1
2
h ig h e s t , lo w e s t a n d
c lo s in g q u o t a t io n s f o r le a d in g o p t io n s in t h e N e w O r le a n s
c o t t o n m a r k e t t h e p a s t w e e k h a v e b e e n a s f o ll o w s .
C O b O C o O O O < 1 0 i ^ C i H O O C < 5 C O < J O :C J t a -K '< 1 0 0 C O ^ :b O ^ O C O O i O i C O t N O O
?0
7111e
758
7%
7*a
738
New Orleans Option M arket .—T h e
' m 'Ic o c*3oo coco co k c o ^ o o co c c V 'c c V to to%- go o b* or
©C
O
© < k » a o < I ^ < l M H ® O i 3 i H W < > '.© o o © H W © c c ^ t c © i ^ t ©•-’ ►-co
® X H O > j © lW
T‘ h e
75g
7°U5
7*3
738
Atlanta........ .
Columbus, Ga..
Columbus, Mis s
H
M
CLOSING QUOTATIONS FO E MIDDLING COTTON ON-
*3
<
Q O ' tO
T>
T ©Wb> co © 'm "to o co*^
c<
*
C
Other M arkets .—
T h e c lo s in g q u o t a t io n s t o -d a y (F r id a y ) a t o t h e r im p o r t a n t
S ou th ern m a r k e t s w e r e as f o ll o w s .
‘->0Ctf^b0C£0T3:C0C0b0<lC000b0i>Ct0^C0M-'O0'Ci0T0'00b0^C0^»i-J 5 5
©©
^H©r-GC©C^^O(^OO<iaOrfi-0i3.Wt<.U'^O-Ji©OHr-^giOW
CO Or M bo M
at
&
H
»
O
O O O r f ^ p p j ^ p W -1
® o 'b i xi ©i m ot oo oc com <j m ^
o
© >
«
w
o
w
>w s!*
a
B el
k —v w * m
,
<>
3
h
*
P
t
©
p
a
E
^ g
O j*
©
©
®* * ' §~
Middling Cotton
Week ending
Dec. 16.
Sat’day. Monday. Tuesday. J ecfVZa^ Thursd’ y Friday,
F
c+® h O h
2 S SdS
?
for
B e lo w a re c lo s in g q u o t a t io n s o f m i d d li n g c o t t o n a t S o u t h e r n
a n d o th e r p r in c ip a l c o t t o n m a r k e t s f o r e a c h d a y o f t h e w e e k .
c o r r e s p o n d in g p e r io d o f 1908— is s e t o u t in d e ta il b e lo w .
g © o
2703
Bales.
6,052,250
5,9i8,030
6,112,578
5,520,403
Dec’beb —
Range..
Closing.
Jan’ a r t Range
Closing..
March—
Range
Closing..
Mat —
Range..
Closing,.
July—
Range..
Closing..
tone—
Spot___
Options.
7-40-50
7-49--50
7-48--51
74T--49
7-53-55
7 53--55
7-61--63
761--62
7-45-57
7 5 5 -5 6
7 5 1 -6 *
7 53-'54
7 57--61
7 59--60
7-63--71 7-50--65
7-6S--66 7 50--51
7 -45-52
7-49--50
7"65-"73
7-71--72
7 -67-76
7-69-----
7-71--76
7-76-----
7-7S--87
7-80--81
7-65--80
7 -65-66
7-60--67
7-65--B6
7-79--8«
7-84--S5
7-80--90 7-85--P0 792--C0
7-S2--83 7 -89-90 7-93-94
7-78--92
7-7S--79
7-73--80
7-78--79
7-90--95
7-93--91
7-91-98
7 91--93
7-96--P9
7-99-01
Steady.
Quiet.
Steady.
Steady.
Quiet.
Steady.
8
8
0 7 -0 8
03- 05
7-45 -55 7-40--47
7-44--46 7 ’47--48
7-89-01 7-83--S9
7-89--90 7-88--80
Steadier. Quiet.
Steady. Steady.
Easy.
Steady.
W e a t h e r R e p o r t s b y T e l e g r a p h . — O u r t e le g r a p h ic r e
p o r ts f r o m th e S o u t h t h is e v e n in g d e n o t e t h a t , w h ile r a in h a s
been q u it e g e n e r a l d a r i n g t h e w e e k , t h e r a i n f a ll o n th e w h o le
h a s b e en m cderafce o r li g h t .
T h e m o v e m e n t o f c o tto n to
m a r k e t c o n tin u e s o n a f a i r l y li b e r a l s c a le , a lt h o u g h s o m e o f
o n r c o r r e s p o n d e n ts r e fe r t o a te n d e n c y a m o n g f a r m e r s t o
h o ld .
Abilene, Texas.— W e h a v e h a d n o r a in d u r i n g t h e w e e k .
T h e t h e r m o m e t e r h a s a v e r a g e d 4 1 , t h e h ig h e s t b e in g 6 0 a n d
th e lo w e s t 22.
Galveston, Texas.— T h e r e h a s b een r a in o n t w o d a y s o f th e
w e e k , th e p r e c ip it a t io n r e a c h in g fo u r t e e n h u n d r e d t h s o f a n
in c h .
T h e t h e r m o m e t e r h a s r a n g e d f r o m 88 t o 6 4 , a v e r a g
in g 51.
Fort Worth, Texas.— T h e r e h a s b e e n n o r a in t h e p a s t w e e k .
A v e r a g e t h e r m o m e t e r 4 2 , h ig h e s t 6 0 , lo w e s t 22.
Palestine, Texas.—W e h a v e h a d n o r a in t h e p a s t w e e k .
T h e t h e r m o m e t e r h a s a v e r a g e d 4 4 , t h e h ig h e s t b e in g 62 a n d
the. lo w e s t 26.
Taylor, Texas.—D r y a ll t h e w e e k . T h e t h e r m o m e t e r h a s
a v e r a g e d 50, r a n g in g fr o m 26 to 7 4 .
Han Antonio, Texas.—W e h a v e h a d n o r a in d u r i n g th e
w eek.
T h e t h e r m o m e t e r h a s r a n g e d f r o m 80 t o 7 6 , a v e r a g
in g 53.
Corpus Christi, Texes.—N o r a in t h e p a s t w e e k . A v e r a g e
t h m m o m e t e r 5 3 , h ig h e s t 7 8 , lo w e s t 88.
Few Orleans, Louisiana. —R a i n h a s f a ll e n o n t w o d a y s o f
th e w e e k , t o t h e e x t e n t o f s e v e n te e n h u n d r e d t h s o f a n in c h .
T h e t h e r m o m e t e r h a s a v e r a g e d 50.
Shreveport, Louisiana.—It h a s r a in e d o n o n e d a y o f th e
w e e k , t h e p r e c ip it a t io n b e iD g o n e h u n d r e d t h o f a n in c h .
T h e t h e r m o m e t e r h a s a v e r a g e d 5 2 , r a n g in g f r o m 32 to 70.
Columbus, Mississippi.—D r y w e a t h e r h a s p r e v a ile d a l l t h e
w eek.
T h e t h e r m o m e t e r h a s r a n g e d f r o m 27 t o 6 5 , a v e r
a g in g 46.
Vicksburg, Mississippi.—W e h a v e h a d r a in o n t w o d a y s
d u r i r g t h e w e e k , t h e r a i n f a ll b e in g f o u r h u n d r e d t h s o f a n
in c h .
T h e t h e r m o m e t e r h a s a v e r a g e d 4 3 , t h e h ig h e s t b e in g
62 a n d th e lo w e s t 30.
Helena, Arkansas.— T o o c o ld f o r p ic k in g . O a a c c o u n t o f
th e s lu m p in c o t t o n fa r m e r s a re h o ld in g .
T here has b een
rain on th r e e d a y s d u r i n g t h e w e e k , t o th e e x t e n t o f th ir t e e n
h u n d r e d t h s o f a n in c h .
T h e th e rm o m e te r h as ra n g e d fr o m
28 to 64, a v e r a g in g 38 6.
Little Rock, Arkansas.—R a i n a n d s n o w h a v e f a ll e n o n
t w o d a y s o f t h e w e e k , t h e p r e c ip ita tio n r e a c h in g fo u r t e e n
h u n d r e d th s o f an in c h .
T h 9 th e rm o m e te r h a s a v e r a g e d 3 8 ,
r a n g in g fr o m 26 t o 58,
Memphis, T en n essee.— R a in h a s fa lle n on t w o d a y s o f t h e
w e e k , th e r a in f a ll b e in g t w e l v e h u n d r e d th s o f a n in c h .
A v e r a g e t h e r m o m e t e r 3 8 ’2 , h ig h e s t 5 7 '2 , lo w e s t 2 3 ’2.
Montgomery, Alabama.—R a in h a s fa lle n o n t w o d a y s d a r
in g th e w e e k , th e r a in f a ll b e in g fo u r t e e n h u n d r e d t h s o f a n
in c h .
T h e r m o m e t e r h a s r a n g e d f r o m 30 to 6 7 , a v e r a g i n g 4 7 .
Mobile, Alabama. —R aln e a r ly in w e e k in th e In te r io r , fa ir
la tte r p o r tio n .
P la n t e r s g e n e r a lly h o ld in g c o t t o n .
R iv e r s
n o w in fa ir b o a tiD g c o n d itio n .
W e h a v e h a d r a in o n t w o
THE CHRONICLE.
2704
days daring the week, the rainfall being eixty-six hundredths
of an inch. The thermometer has averaged 50, ranging from
84 to 06.
Madison, Florida .—There has been no rain the past week.
The thermometer has averaged 44, the highest being 64 and
the lowest 24.
Augusta, G eorgia—Rain has fallen on four days of the
week, the rainfall reaching thirty-eight hundredths of an
inoh, The thermometer has averaged 42, and ranged from
29 to 66.
Savannah, Georgia .— W e have had rain on four days daring
the week, the rainfall reaching twenty hundredths of an
inch. The thermometer has ranged from 34 to 71, averag
ing 47.
Stateburg, South Carolina.—The last five days have been
cold and inclement, trees being coated with ice. Rain has
fallen on four days of the week, the rainfall reaching ninetytwo hundredths of an inch. The thermometer has averaged
41 and ranged from 28 to 66.
Greenwood, South Carolina .—Rain has fallen on one day
of the week, the precipitation being twenty-eight hundredths
of an inch, The thermometer has ranged from 29 to 51, av
eraging 40.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. Dec. 10, 1904, and Dec. 18, 1903.
Dec. 16, ’04.
Dec. 18, ’03.
Feet.
4-1
1-8
1-4
20
32
Feet.
2-8
2-4
8-3
1-7
0 -4
New Orleans........
Memphis..... .......... ...Above zero of gauge.
Nashville........ ... ...Above zero of gauge.
Shreveport.........
.Above zero of gauge.
Vicksburg.............. .. Above zero of gauge.
|VOL. L X X I X
E u r o p e a n C o t t o n C o n s u m p t i o n t o D e c . 1 .— B y cable
to-day we have Mr. Ellison’s cotton figures brought down to
December 1.
We give also revised totals for last year that
comparison may be made. The spinners’ takings in actual
bales and pounds have been as follows:
Great Britain.
Oct. 1 to Dec. 1.
Continent.
Total.
For 1904.
Takings by spinners...bales
Average weight of bales.lbs
Takings in pounds.............
629,000
495
311,855,000
765,000
492
376,380,000
1,894,000
493-4
687,735,000
For 1903.
Takings by spinners,..Dales
Average weight of bales.lbs
Takings in pounds...............
533,000
499
265,967,000
782,000
484
378,488,000
1,315,000
490-1
644,455,000
According to the above, the average weight of the deliveries
in Great Britain is 495 pounds per bale this season, against
499 pounds during the same time last season. The Continental
deliveries average 492 pounds, against 484 pounds last year,
and for the whole of Europe the deliveries average 493'4
pounds per bale, against 490T pounds last season,
Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
Oct. 1 tc Dec. 1.
1904.
Bales o f 500 lbs. each,
Great
Conti
000* omitted.
Britain nent.
1903.
Total.
Great
Britain
Spinners’ stock Oot. 1
Takings C Deo. 1 .. ..
o
57,
623,
315
753,
372,
1.376,
40
532
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s . — The receipts Supplv______________
of cotton at Bombay and the shipments from all India ports Consumpt’n, 8 weeks
for the week ending Deo. 15 and for the season from Sept. 1
Spinners’ stock Deo. 1
to Dec. 15 for three years have been as follows.
680,
528,
1,068,
800,
1,748,
1,328,
572.
452,
152,
268,
420,
120,
66,
66.
100,
100.
166,
166
Conti
nent.
Totai-
446
757,
486,
1,289,
*50.
63
1904.
Receipts at—
Week,.
Sinee
Sept. 1.
Week.
74,000
Bombay..........
380,000
64,000
I
For the Week..
Great
Britain.
from —
Bombay—
1904 ................
1903.......
1902. . . .
Calcutta 1904.......
1903.......
1902.......
Madras—
1904____
1903.......
1902.......
All others—
1904.......
1 9 0 3 .....
1902.......
Total all—
1904... . .
1 90 3... - .
1902.......
A
1902.
1903.
Conti
nent.
Total.
2,000
1,000
13,000
12,000
16,000
Since
Sept. 1.
Week.
281,000 43,000
236,000
Since September 1.
30,000
53,000
61,000
5,000
7,000
11,000
5,000
8,000
11,000
7,000
10,000
1,000
7,000
12,000
1,000
Conti
nent.
Total.
1,000
1,000
1,000
2,000
1,000
2,000
2,000
8,000
4,000
4,000
4,000
3,000
33,000
32,000
34,000
33,000
35,000
34,000
14,000
17,000
21.000
14,000
20,000
22,000
2,000
11,000
3,000
75,000
102,000
107,000
77,000
113,000
110.000
e c e ip t s
and
S h ip m e n t s
naaao*
- aaoas
, .. „
*a-
.....
_ ... _
3,000
1,000
R
l e x a n d r ia
op
C o t t o n .—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria, Egypt,
December 14.
1904.
Exports (bales)—
To Liverpool...........
To Manchester_____
To Continent............
To America...............
1903.
1902.
140,000
2,916,333
This
Since
week. Sept. 1.
Receipts (cantars*)—
This week.............
Since Sept. 1 ......... .
270,000
3,625,651
This
Since
week. Sept. 1.
320,000
3,844,064
This
Since
week. Sept. 1.
5.250 90,627 4,000 97,522 6,823 103,7 ?9
54,714 11,084 65,255
3,750 51,512
7,500 100,432 1 i ’,500 121,541 9,006 126,894
800 15,600 3,525 35,738
2.250 18,962
Total exports........ 18,750 261,533 16,300 289,377 30.438 391,616
* A oantar la 98 lba
M an ch ester
M a r k e t . — Our report received by cable
to-night from Manchester states that the market is quiet
for both yarns and shirtings. Mills are generally running
full time. W e give the prices for to-day below and leave
those for previous weeks of this and last year for comparison.
1904.
1903.
8q lbs. Shirt- Oott'n
8 q lbs. Shirt- Oott'n
32s Cop. ing8y common Mid. 32s Cop. ingSy common Mid.
Twist.
Twist.
to finest.
to finest.
Vplds
Uplds
N v .ll
“ 18
“ 25
Deo 2
“ 9
“ 16
d.
8h!
8»ie
89i«
8ii«
Sq
8
d.
® 9q
®9q
®9q
®91
s
®9
® 8 78
s.
6
6
6
5
4
4
d.
s.
0 ©9
0 »9
0 ®9
5 ©8
4ia V7
3 ©7
d.
3
3
3
5%
5%
4
d.
5-42
5 34
50 i
4-77
4T9
4T9
99,
149,
99
162,
* The average weekly rate of consumption in Great Britain is as
given by Mr. Etlison, after allowing for stoppage of spindles in
consequence of short supply of oottoa.
1,000
• a- —
1,000
531,
The foregoing shows that the weekly consumption is now
166.000 bales of 500 pounds each, against 162,000 bales of
like weights at the corresponding time last year. The total
32,000 spinners’ stocks in Great Britain and on the Continent have
58,000 increased 120,000 bales during the month but are now
64,000 111.000 bales less than at the same date last season.
Great
Britain.
■a ■ a » a
>
mesa as
411.
2,000
5,030
3,000
13,000
14,000
17,000
... ........
Since
Sept. 1.
Weekly Consumption,
000* omitted.
In October...___ ...
in November
1,203 1,775.
792, 1,-244,
s. d.
5 5
8=h ®95,„ 5 5
8i3!6®93a 5 6
8ib18®9alS 5 9
018 ©96s 5 10
938 ® 9 78 6 0
d.
d.
s.
@8
®8
®8
®8
®8
®8
d.
iq
iq
3
6
6
7*a
d.
6T4
6-02
6 20
6-84
6 68
700
F a l l R i v e r M i l l D i v i d e n d s i n 1904.—In our editorial
columns to-day will be found an article under the above
caption covering the results for the year 1904.
Jute Butts, B agging , E tc . —The demand for bagging dur
ing the past week has b^en small, with pricss unchanged at
6%c. for 1% lbs. and 6 ^
for 2 lbs. standard grades. Jute
butts dull at
for paper quality and 2@2}^c. for
bagging quality.
N e w E n g l a n d C o t t o n M i l l S i t u a t i o n .— L a t e s t r e p o r t s
f r o m F a l l R i v e r d e n o t e t h a t t h e m i l l s a r e s t e a d i l y g a i n i n g in
th e n u m b e r o f o p e r a t iv e s a t w o r k , a n d th e o p in io n is b e c o m
i n g q u i t e g e n e r a l t h a t t h e s t r i k e w i l l s o o n b e a thing o f t h e
p a st,
Sh ipping N e w s .—A s shown on a previous page, the
exports of cotton from the United States the past w eek have
reached 286,603 bales, The shipments in detail, as m ade up
from mail a n d telegraphio returns, are as f o l l o w s :
Total bales.
New Y ork —T o Liverpool, per steamer Georgio, 9,899 upland
and 10 Sea Island....................................................................... 9,909
To Hull, per steamer Toronto, 1,666.................................
1,666
To Manchester, per steamer Calderon, 1,677 upland and
461 Sea Island........................................................... ..............
2,138
To Marseilles, per steamer Bargnndia, 150............. . . ...........
150
To Bremen, per steamer Darmstadt, 202...............................
202
To Antwerp, per steamers British Empire, 1,399___Fin
land, 202.................... ... .................... ..............._________
2,101
To Fiume, per steamer Ultonia, 56...........................................
56
To Genoa, per steamers Credo. 3,148....................................... 3,148
To Naples, per steamers Credo, 349___Neokar, 413.............
762
To Trieste, per steamer Powhatan, 198........ .........................
198
To Venice, per ste»mer Powhatan, 200 .................................
200
New Orleans To Liverpool—Deo. 13—Steamer Darien, 4,025
— Deo. 14—
Steamer Mechanician, 2 0 .9 1 1 .......................... 24,936
To Havre- Deo. 10 Steamer Kingstonian, 14,279........ ...... 14,279
To Bremen—Deo. 10—Steamers Atlantlan, *0,922; Mon
mouth, 13,281......
34,203
To Hamburg Dae. 1 0 - Steamer Nunlma. 150.......................
150
To Barcelona-Dee, 14—Steamer Fert, 2,149......................... 2,149
To Genoa Deo. 14—Steamer Fert. 7,646................................
7,646
Galveston —
To Liverpool—Dso. 9—Steamer Runo, 9,464___
Deo. 10—steamers Barrister. 10,409; Taunton, 8,590_
_ 28.463
To Havre—Deo. i4-8team er Mineola, 12,462....................... 12,46*
To Bremen —Deo. 9 Steamer Rlcjano, 10,696 ...Deo. 1 2 Steamer Cheviot Range. 8,030................................................ 18,776
1,134
To Hamburg Deo. 1 2 -Steamer Eolo, 1,134.........................
To Rotterdam - Dec. 10-Steamer Emma, 453___Deo. 14 —
Steamer Mtueola, 103.............................................
553
To Genoa-Deo. 12—Steamer Dora Baltea. 1 1 ,4 8 7 ............. 11,487
To Venice—Deo. 8—Steamer Laoroma, 2,493......................... 2,493
To Trieste—Deo. 8—Steamer Laoroma. 1,000
.................
1,000
Mobile —To Liverpool—Deo. 9-steam er Montauk, 10.080....... 10,080
Pensacola—To Liverpool- Deo. 9—Steamer Ida, 6,493.............
6,493
To Bremen—Dee. 9 —8teamer Indra, 3 3 4 ................................
331
To Oporto-Dec. 9 —Steamer Indra, 200................................. .
200
To Venice—Deo. 15 Steamer Emilia, 3,250............... ..........
3,250
Total bales.
Savannah —To Liverpool—Deo. 12—Steamer Dorothy, 12,686. 12,686
4,661
To H avre—Deo. 10—Steamer Fenchurch, 4.661................. .
To B rem en -D eo. 1 0 - Steamer Mainz, 3.887........ ..........
3,887
2,905
To Hamburg, eto.—Deo 16 -Steam er Stdra. 2,905...............
To Nykoplng Deo. 10—
Steamer Mainz, 100............... ...........
100
To O porto—
Deo. 10—Steamer D orotoy, 400...........................
400
To Pasages—Deo. 10—Steamer Dorothy. 7 5 .................... .
75
To Barcelona, eto.—Deo. >5 -S tea m er Hermine. 6,317 . . . . .
6,3 i7
B runswick —To Liverpool—Deo. 14—
Steamer Alderney, 6,210 6,610
To M anchester—Doe. i 2—Steamer Cairndon, 5.974............ . 5,974
C harleston —T o Bremen—Deo. 8—Str. F rid ijof Nansen, 9,800 9,800
W ilmington —To Bremen—Deo. 9 —Steamer Mokta, 7 ,814........
7,814
N e w po rt N ew s —T o Liverpool—Deo. 1 2 —Str. Kanawha, 697.
697
B oston T o L iverp ool-D eo. 12—Steamer Saxonla, 1,911___
Deo. 14—Steamer Canadian, 4,917.................... .................
6,828
To G en oa -D eo 9 —Steamer Rom anic, 3 0 0 .— .................
300
To Yarmouth Dec. 9 —steamer Boston, ICO..........................
lo o
B altimore —To L iv erp ool-D ee 9 - Str. Rowanmore, 5 ,4 5 0 .... 5,450
To Brem en—Deo. 9—Steamer Chemnitz, 4 .6 9 9 ...................
4,699
Ph ila d e lp h ia — H am b u rg-N ov. 21—str. Macedonia, 50___
To
50
S aw F rancisco - T o Janan—Deo. 13 Steamer Gaelic, 1 ,40 0... 1,400
Se a t t l e - T o Japan—Deo. 13—Steam ers Iyo Mara, 1,100;
Lyra, 1,395....... ..................................... .................................
2,495
T acoma —To Japan—Deo. 11—Steamer Germanious, 1.502___
Deo. 13—Steamer Lyra, 3 0 0 ..^.Deo. 14—Steamer Hyades,
1,335................. ................... ............
............. .
3,137
Total.................. ...................
.............
286,603
The exports to Japan since Sept, 1,1904, have been 50,501
bales from Pacific ports,
L i v e r p o o l . — By c a b l e from Liverpool we h a v e t h e f o l l o w i n g
s t a t e m e n t of t h e w e e k ’ s sales, stocks, & c., at t h a t p o r t .
Nov 25
Sales of the w eek ......bales.
Of which exporters to o k ...
Of which speculators to o k .
Bales A m e ric a n ...... . . . . . . . . .
Actual e x p o r t . ..... .... .... ...
F o rw a rd e d ......... . . . . . . . . . . .
Total stock—Estimated.. . . . . .
Of which American—Est’d.
Total import of the w e ek .....
Of which A m e r ic a n .........
Amount a flo a t....____ . . . . . . .
Of which A m erican...........
40 000
3,090
36 000
7,000
74.000
490,000
440,000
119 000
104,000
464 000
407,000
Dee. 2
Dec. 9.
52,000
1,001;
6.000
49.000
5,000
102,000
562.000
508 000
180,000
155.000
458.000
451 00C
46,000
3,000
6,000
42,000
8 000
98,000
599 000
545,000
143 000
119,000
507 000
458.000
Dec. 16
53,000
6,000
10,000
49,000
11,000
83,000
637,000
592,000
132,000
129,000
510,000
451,000
The tone of the Liverpool market for spots and futures
each day of the week ending Dec. 16 and the daily elosing
prices of spot cotton, have been as follows.
Spot.
Market, l
12:30 p . m . j
Sat’day. Monday. Tuesday. Wed’day. Thursd’y Friday.
Q u ie t.
2705
THE CHRONICLE
D e c . 17, 1904.]
M o d e r a te M o d e ra te M o d e ra te M o d e ra te
dem and. dem and
dem and. dem and.
G ood
dem and.
Mid. Upl’ ds.
4-18
4-17
4-21
4 27
4-28
419
S a le s ........
Spec. & exp.
6,000
2,000
8,000
1,000
8.000
2,000
9.000
3.000
8,000
2,000
15,000
5,000
acreage planted showed a decrease of 1*6 per cent from last
year’s sown area, due to the unfavorable weather, which has
kept farmers from extending their sowings even with the
present attractive prices at which whea* is selling. During
the second half of the week the market turned steadier and
the decline in prices was recovered. Decreasing supplies
was the feature, the world’s visible supply for the week show
ing a fair shrinkage. There developed a demand from shorts
to cover contracts, and as offerings were limited the shorts
had to bid up prices to find sellers. The spot market has been
quiet. Tc-day the market was firmer on continued buying
by shorts to cover contracts. The spot market was quiet.
DAILY CLOSING PRICES OP WHEAT FUTURES IK N E W Y O R K ,
Sat.
Mon.
Fues.
Wed. Thurs. Fri.
No. 2 red winter, f. o. b... 1173s 116% 1165a 117% 118
117%
117%
Deo. delivery in elev___ 116% 115% 115% 116% 117
111% 110% 111% 112% 112%
May delivery in e le v ..„„ 112
July delivery in e le v ..... 103is 102% 102% 103% 103% 103%
DAILY CLOSING PRICES OF WHEAT FUTURES IN C H IC A G O
Sat.
1 ri.
Mon.
Fues.
Wed. Fhurs.
Deo. deliv. in elev....... . 107% 106t8 105 % 1063s 107% 1093s
May deliv. in elev....... . 11058 1093s 108% 109% 110% 111%
98%
983s
98%
98%
July deliv. in elev............ 98%
98%
Indian corn futures have been quiet, but there has been a
fractional advance in prices, exclusive of values for Decem
ber delivery in the Chicago market, in which there appears
to be a sharp contest between the opposing speculative inter
ests, and with the free movement of the crop and increasing
supplies, prices yielded. There has been limited buying of
the more distant deliveries, principally for the account of
shorts to cover contracts, and as there has been only scat
tered selling, values have improved slightly. The spot mar
ket has weakened slightly under continued free offerings. A
fair business has been transacted with exporters, principally
for forward shipments. To-day the market was firmer but
quiet. A fair export business was transacted in the spot
market, the sales for the day amounting to 225,000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN N E W Y O R K .
Sat.
Mon.
Fri.
Wed. Thurs.
Fues.
62%
Cash com f. 0 . b . „ . ___ _ Nom. Nom. Nom. Nom. Nom.
55%
55
54%
55%
Dec. deliverv In elev..... 55
54%
50%
5G%
May delivery in e le v ..... 50%
503s
51
51%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN C H IC A G O .
Sat.
Mon
Fues.
Wed. Thurs.
Fn.
47%
45%
45%
Dec. delivery in e le v ..... 47%
45%
45%
45
45%
44%
May delivery in elev..... 44%
44%
44%
44%
44%
44%
45%
July delivery in elev....... 44%
45%
Oats for future delivery at the Western market have been
quiet, but there has been a better undertone and prices have
advanced slightly. A better trade demand appears to be de
veloping and the movement of the crop has fallen to moderate
figures. Locally the spot market has been firm but quiet.
To-day there was a fractional advance in prices.
NEW YORK.
Sat.
Mon. Fues. Wed. Thurs. Fri.
Nom,
No. 2 mixed in elev___ _ Nom. Nom. Nom. Nom. Nom.
No. 2 white in elev....... . Nom. Nom. Nom. Nom. Nom. Nom.
DAILY CLOSING PRICES OF NO., 2 MIXED OATS IN C H IC A G O .
Fri.
Sat.
Mon.
Fues,
Wed. Thurs.
23%
283s
29
Deo. delivery in elev....... 28%
2838
28%
31%
80%
30%
31%
May delivery in e le v ..... 30%
30%
303s
30%
July delivery in e le v ..... 30%
80%
31
81%
D A IL Y C LO SIN G P R IC E S O F O A TS IN
Futures.
’l y t ’ d
Market \ B r@ 8 sp ts.y
opened. ] 7d e c l i n e .
Market, \
4 P. M. j
E asy at
9 p ts.
d e c lin e .
B r 'l y s t ’ d y Quiet at
1 © 2 pts. 3 ® 4 p is .
d e c lin e .
advan ce.
O u ter,
B r’ly s t ’dy
2 p ts.
u n c b .t o
1 p t. a d v .
d e c lin e .
Q u ie t at
6@ 7 p ts.
d e c lin e .
V e r y s t ’ d y S t e a d y at Q u i e t at B r ’ l y s t ’ d y
1@ 4 p ts. 2 @ 5 p t s . 3<34 p t s . 3(34 p t s .
a dvan ce. a dvan ce. ad v a n ce.
d e c lin e .
Q u ie t a t
7 3 9 p ts.
d e o lt n e .
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
t W The p rices are given in p en ce a n d lOOiA.
4 09-100d.
S a t.
M on.
T u es.
Dec. 10. Dec. 12. Dec. 13
W ed.
Dec. 14.
T h u s: 4C9 means
T h u rs.
F r i.
Dec. 15. Dec. 16
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.
D ecem ber. .
D ee.-Jan ....
Jan.-Feb —
F e b .-M ch ...
Mch.-April.
April-May
M ay-June...
June-July.
July-Aug
A ug.-Sept. .
8ept.-Oet..
Oot.-Nov...
d.
4 09
4 07
4 16
4 20
4 24
4 26
4 28
4 31
1 33
4 34
a.
a.
4 07 4 07
4 07 4 07
4 13 4 13
4 18 4 17
4 22 4 21
4 25 4 24
4 28 4 26
4 30 4 29
4 33 4 31
4 33 4 31
«...
d.
4 11
4 u
4 16
4 20
4 24
4 26
4 29
4 31
4 34
4 34
Q
d.
4 11
4 11
4 14
4 18
4 21
4 24
4 26
4 28
4 31
4 31
4 30
4 30
<i.
d.
4 i f 4 17
4 16 4 17
4 2C 4 21
4 24 4 25
4 28 4 28
4 30 4 31
4 33 4 34
4 35 4 36
4 37 4 37
4 36 4 37
4 35 4 36
4 35 4 36
d.
4 20
4 20
4 24
4 28
4 32
4 34
4 37
4 39
4 41
4 40
4 38
4 38
d.
4 18
4 18
4 22
4 26
4 30
4 33
4 35
4 37
4 39
4 38
4 37
4 37
d.
4 16
4 16
4 20
4 24
4 28
4 80
4 33
4 35
4 37
4 86
4 35
4 35
d.
4 08
4 08
4 11
4 15
4 19
4 22
4 24
4 27
4 29
4 28
4 26
4 26
d.
4
4
4
4
4
4
4
4
4
4
4
4
08
08
11
15
19
22
25
27
29
29
26
26
B R E A D O T U F F S .
F r i d a y , Dec. 16, 1904.
Business in the market for wheat flour has been dull, buy
ers and sellers as a general rule being apart in their ideas of
values. Local jobbers appeared to have their wants fairly
well covered for the present aad would only trade at a lower
basis of values. Mills, however, were firm in their views,
not being willing to reduce limits, and few sales are being
made. Spot stocks of flour are reported large. Rye flour has
had a moderate sale, arid at steady prices. Buckwheat flour
has been quiet and unchanged. Corn meal has sold slowly.
Speculation in wheat for future delivery has been on a
limited scale only. During the first half of the week there
was an easier tendency to prices, the low figures touched
showing a decline of about 2c. per bushel. Tde crop reports
from Argentina continued of a more favorable tenor, Europ
ean advices were weaker, and weather conditions in this
country were more favorable for the winter-wheat crop. The
report of the Agiicultural Burean issued on the 10th inst. re
ported a slightly higher average condition of the crop than
many of the trt de expected. On the other band, however, the
Following are the closing quotations:
F liO U B t
Patent, winter.......$5 75 ® 6 CO
City mills, patent. 6 20 ® 6 65
Rye flour, superfine 4 35 ®5 CO
Buckwheat flour.. 1 9 0 @2 20
Com meal—
Western, e t c ..... 2 90 ®3 00
Brandywine..... 3 00 ® 3 10
F in e....................... Nominal.
Superfine................ $3 90 @ 4 00
Extra, No. 2 . . . . . . . 4 00 ®4 10
Extra, No. 1 .......... 4 25 ®4 40
Clears... . . . . . . . . . . . 4 30 ®4 55
Straights............... 5 20 ®5 55
Patent, spring....... 5 60 ®6 65
G R A IN .
Wheat, per bush—
N. Dnl.,No. 1...........
N. Dal., No. 2 .........
Red winter, No. 2 ..
Hard winter, No. 2.
Oats—Mixed, p. bush.
White..................
No. 2 m ix e d ...........
No. 2 white...............
e.
c.
f.o.b.122%
f.o.b.116%
f.o.b.117%
f.o.b.117%
34% @35%
35 ®39
Nominal.
Nominal.
Corn, per bush—
Western mixed..
No. 2 mixed..........
No. 2 yellow....... .
No. 2 white..........
Rye, per bush—
Western............
State and Jersey.
Barley—W est.........
Feeding................
C.
0.
52%®62%
f. o.b. 621a
f. o.b.Norn,
f. o.b.Nom
87 ®90
Nominal.
52 ®63
41 ®46%
Exports of Grata and Flomr from Pacific Ports.—The
exports of grain and flour from Pacific ports for the week
ending Deo. 15, as received by telegraph, have been as follows:
From San Francisco to United Kingdom, 100,000 bushels
wheat, to Japan and China, 12,1100 bbls. flour, and to various
South Pacific ports, 9,427 bbls. flour and 670 bushels wheat.
Combining these figures with those tor previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903.
Bxporls
Flour,
Corn,
Wheat,
fro m —
bbls.
bush.
bush.
San Fran. 454,451
71,544
948,411
Puget 8’d. 725,000 1,104,551 11,136
Portland.. 315,000 1,064,760
Oats,
bush.
1,596
96,126
8
B arley,
bxish.
2,360,512
24,050
329,606
Rye>
bush.
422
394
3,107,722 82,680
3,499,467 19,747
97,730
291,350
2,714,169
6,762,220
816
707
Total....1,494,451
Tot. 1903.1,761,956
The aggregate exports from the United States of wheat
and wheat-flour expressed in bushels, for the five months
from July 1 to November 30, inclusive, have been as follows
for four years.
1 TO NOVEMBER 30.
1904.
1903.
1902.
1901.
Wheat, bushels ....... 3 009,530 25,593,562 67,6 >7,393 90,906,929
Flour, reduo. to bush.17,547, ,38 35,417,785 37,449,751 36,602,140
W H EAT EXPORTS FROM JULY
Total bushels.......20,556,668
65,011,347 105,147,144 127.509,069
'HE CHRONICLE.
2706
A g r ic u l t u r a l D e p a r t m e n t ’ s R eport on C e r e a l C rops
D ecem ber 1s t . — The Agricultural Department’s report ou
cereal crops December 1 was issued on the 10th inst as follows:
Retnrrs to the Ctiisf cf the Bureau of Statletloaof the D ipartmea
ot AKrioulture lndloate that the newly e-teded area of wlnier wheat Is
about 3 1,156,000 aores, a decrease of 1-6 per cent from the area sown
In the fall of 11 03, as Anally estimated. The oondttlou of winter wheat
on Deoember 1 was 82-9, as compared with 80-6 in 1903, 99-7 in 1902,
and a ten year average of 92" I.
The following table shows for each of the principal States tbe peroentageof aoreaifesown to winter wheat this fail as oompared with that
sown last year, the averages of oondltloa on Deoemtier 1 of the present
year, the corresponding averages for 1903 and 1902, and the mean of
the Deoember averages of the last ten years:
Acreage
compared ,— Average condition December 1.
States—
with last yr. 1904.
1902. Ten gears.
”1903.
92
Kansas....................
99
87
95
81
96
California............... . . . .
102
96
100
97
93
77
101
Missouri..... .. ........
87
99
90
Indiana.......... .......
83
84
77
91
Nebraska........ ..... ..... 102
90
97
93
Ohio.........................
99
98
88
76
£0
101
93
Illinois.......... ......... . . . .
106
82
85
97
95
99
86
Pennsylvania____
91
Oklahoma...............
90
96
68
SO
11.7
90
90
Texas......................
80
103
84
Tennessee.............. . . . .
103
103
89
88
80
Michigan................ . . . .
92
110
92
86
85
92'1
United States.. . . . . 98-4
99-7
82‘9
86-6
The newly seeded area of winter rye is provisionally estimated at
96'7 per cent of the area sown in the fall ot 1903 The condition of
winter rye on December 1 was 90-5, as compared with 92 7 on Decem
ber l , 1908,98T at the corresponding date in 1902, and 96'2, the mean
of the Deoember averages of the last ten years.
The following table shows for each of the principal States the per
centage of acreage sown to winter rye this fall as compared with that
sown last year, the average of condition on Dscomber 1 of tne present
year, the corresponding averages for 19-33 and 1902, and the mean of
the December averages of the last ten years:
Acreage
compared r—-Average condition December 1.— ,
Staten—
with last yr. 1904.
1903
1902. Ten years.
Pennsylvania...............
93
90
94
90
96
New York.....................
99
95
94
96
98
98
93
91
97
98
Michigan.......................
Kansas..........................
91
90
88
93
96
Illinois...........................
99
91
95
102
96
97
97
99
99
New Jersey....... ........... 102
California....,..............
91
94
97
98
99
United States....... 96'7
90‘5
92'7
9S-1
92'2
The final estimates of the total acreage, production and farm values
of the principal orops for 1904 will be Issued on December 28, at four
o’clock P. M.
8^” F o r o t h e r t a b le s u s u a lly g iv e n h e r e s e e p a g e 12678.1
th e
dry
"H
oods
tr a d e
.
N e w Y o r k , F r i d a y , P. M, December 16
1904.
Nb w Y ork
to
D eo. 12.
Week. Since Jan. 1. Weeft. Since Jan. 1.
Great Britain.........................
144
2
Other European....................
China....................................... 3,218
India........... ...........................
26
Arabia.................................
Africa.....................................
17
437
West Indies............................
42
M exico...................................
314
Central America...................
South Am erica.................... 1,714
613
Other Countries....................
.....
6,526
1,636
826
86,036
7,075
19,316
9,338
20,526
2,413
13,911
56,266
20,407
272
900
500
3
578
51
146
1,724
188
1,610
1,181
115,869
14,301
39,878
9,083
26,027
2,844
11,561
68,501
9,949
237,750
4,362
290,804
The value of these New York exports since Jan. 1 has been
$14,167,026 in 1904, against $14,425,310 in 1903.
Heavy brown drills and sheetings have been in fair demand
during the week and have bsen among rhe strongest of all
lines of cotton goods. The statistical position of these is very
strong, owing to the number of future orders'taken by manu
facturers from exporters, and near-by deliveries are difficult to
obtain. In fact certain lines of drills are absolutely unob
im p o rta tio n s a n d W a re h o u se W it h d r a w a ls o f D ry Goods
Theimportationsand warehouse withdrawals of dry goods
at this port for the week ending Dec, 15, 1904, and since
January 1,1904, and for the corresponding periods of last
year are as follows:
g
s
S
j§
"- 0
- -t
'to © L”He-^ .0
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45,319
119,335
78,724
100,384
201,228
Total............ ..........
1903.
tainable, tbe rnirket having been swept bare ot' all supplies .
Light-weight good?, which have not been in such good demand,
are rathtr easier, bo'h 3 and 4-yard sheetings being quoted
fractionally lower than a week ago. There has been no
actual export business, but the inquiries have comprised
both light and heavy-weight drills and sheetings. Bayers
and sellers are at present widely apart, but business ts ex
pected to materialize shortly. In bleached goods “ L insdales” 4-4 have been advanced to
and “ Fruit cf tbe
Loom” has been put at value, probably as a step to an ad
vance. There was some moderate buyiDg of goods j ust before
the advance, but on the whole business his been email. Lowgrade goods are still in very small supply. Colored g ;ods
have been generally firm and ticks have been well sold, both
for immediate delivery and for future shipment. Denims
have been firm but quiet. Canton flannels and cotton
blankets bave been slow but unchanged.
Kid-finii-hid
ct-mbrics have been rather more active at recent figure?.
Staple and fancy prints have been without particular feature
except that the latter are somewhat easier. Staple and fine
grades of ginghams have been very quiet, with little disposi
tion on the part of buyers to purchase. Print cloths have
been rather more active, but prices have favored buyers.
Fall River regulars are quoted at 3c. asked but Southernmade goods are selling at 2Jgc.
W o o len G o ®d s .—There have been some slight advances in
the price of soma of the lines of men’s wear heavy-weight
woolen and worsted fabrics that have already been opened,
and it seems probable that before the end of the season these
will be put upon a basis that will be satisfactory to all sellers.
Further lines have been opened and the volume of business
that has been transacted has been satisfactory. Buying so
far has been characterized by a desire to distribute orders
rather widely so as to include a variety of styles and fabrics.
Some buyers are holding efif from the market in the hope of
causing sellers to weaken, but from present appearances this
policy is not likely to succeed. Farther iines of light
weights have been withdrawn from sale. Overcoatings have
been in good demand, and the present tendency of buyers i3
to favor fancies in the cheaper grades and plain staple fabrics
in the medium and batter grades. In the last named, kerseys
and rough fabrics seem to be the favorites. So far there has
been little doing in dress goods for the fall season, but other
business continues fairly active.
F o r e ig n D r y G oo ds .— Imported woolen and worsted
dress goods have been quiet and are likely to remain so until
the beginning of the new year. Silks have been firm and
ribbons quiet and steady. Linens show little improvement
in business, but continue firm. Burlaps are in good demand
and also firm,
1 468.97L
1904.
Prices in tbe cotton goods division have again bold steady
during tbe week, although business has not been of large
volume. There has been some irregularity due to the greater
supplies of some lines than of others, but while some reduc
tions have taken place there have also been some advances.
Home buyers are becoming more and more Impressed by the
difficulty experienced in obtaining delivery of goods, and for
this reason have been inclined to anticipate their wants to
soma extent. The principal scarcity is in some of the heavy
drills and sheetings. Bleached goods, which were reduced
last week, have since been advanced about
There has
been practically no export business, but there have been
some fair inquiries in the market, leading to the hope that
buying may be resumed before long. Both buyers and
sellers are watching the cotton market closely, and while for
the moment the latter seem to have the goods market pretty
well under control, it is not at all probable that buyers are
going to operate actively at current rates should any further
decline in raw cotton occur. On the other hand sellers are
impressed with the idea that farmers throughout the South
are preparing to hold their cotton, and they are inclined con
sequently to look for higher prices in the near future rather
than lower ones. Some lines of men’s wear heavy-weight
woolen goods have been advanced during the week and busi
ness in this division has been on the whole satisfactory.
D o m e stic C o t t o n G o o d s .—-The exports o f cotton goods
from this port for the week ending Deo. 12 were 6,526
packages, valued at $855,192, their destination being to the
points specified in the tables below:
[V 01/. L X X1X .
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THE CHRONICLE.
D e c . 17, 1904.]
2707
Bagley, Minn .— Bond Sale Postponed.—W e are informed
that, owing to irregularities in the advertisement, the sale of
$13,000 d% water-works and electric-light bonds has been
postponed from Dec. 9, 1904, to Jan. 3, 1905. Proposals will
therefore be received for these bonds until 2 p . m , on the lat
index.
ter date by the Village Council. Authority, election Oct. 31,
1904. Interest, semi-annual. Maturity, 10 years. Denom
An index to all the news matter appearing in this Depart"
ination, $1,000.
ment for the period from July 2, 1904, to Oct. 8, 1904, in
Baton Rouge, La .—Bond Offering.—Proposals will be re
clusive, was published in the Chronicle of Oct. 15, 1904,
ceived nntil 12 m ., Jan. 10, 1905, by W . H, Bynum, Mayor,
pages 1664, 1665, 1666 and 1667.
for $240,000 4% 10-40-year (optional) bonds, dated Jan. 1, 1905,
Certified check for 3 ? of amount must accompany bids.
<
Birmingham, Ala.—Bond Sale,— An issue of $23,500 6%
N e w s items.
improvement bonds has been taken by the People’s Savings
Hudson County, N. J .~ Debt.— T h e b o n d e d d e b t of t h i s Bank & Trust Co. at par.
county on D e c . 1 , 1 9 0 4 , w a s $ 6 ,4 6 0 , 7 7 6 1 6 , T h e s i n k i n g f u n d
Blair County, Pa .—Bonds to be Issued .— W e are informed
on the s a m e d a t e w a s $ 1 , 0 0 5 ,9 0 5 8 2 , a n d t h e c a s h o n h a n d by John A. Smith, County Commissioner, that this county is
$ 1 5 ,0 6 3 7 6 .
F o r v a l u a t i o n , t a x r a t e , etc., s e e S t a t e a n d C i t y
about to issue $200,000 10-30-year (optional) registered im
S e c tio n fo r N o v e m b e r 26, 1 904 , p a g e 2296 .
provement bonds.
Kansas.—Constitutional Amendments.—T h i s S t a t e a t t h e
Bogota, N„ J.—Bond Sale.—On Dae. 13 $2,500 4.%% coupon
r e c e n t g e n e r a l e le c tio n v o te d u p o n t w o a m e n d m e n ts to th e
fire-house bonds were awarded to F. W . Cane at par. Danomination, $250. Date, Jan. 1, 1905, Interest semi-annu
S ta te C o n s titu tio n .
O a e o f th e se a m e n d s S e c tio n 14, A r t ic le
2 , r e la t i n g t o t h e G o v e r n o r ’s p o w e r o f v e t o , a n d g iv e s t h a t
ally in Hackensack. Maturity, $250 yearly on Jan. 1 from
1915 to 1924, inclusive.
o ffic ia l t h e r ig h t t o v e t o o n e o r m o r e i t e m s in a b i l l c o n t a in inE s e v e r a l i t e m s o f a p p r o p r i a t i o n o f m o n e y . T h e o t h e r
Carbondale, III.—Bonds Authorized .—The City Council,
a m e n d m e n t p r o v id e s fo r t h e e le c tio n o f a S t a t e p r in t e r — S e c
it is stated, has authorized the issuance of $55,000 refunding
tio n 4 o f A r t ic le 15.
T h e fir s t p r o p o s itio n c a r r ie d b y a v o te
bonds.
o f 1 6 2 ,0 5 7 t o 6 0 ,1 4 8 a n d t h e s e c o n d b y 1 6 9 ,6 2 0 v o t e s t o 5 2 ,3 6 8 ,
Cascade County (P . O. Great Falls), Mont.— Bond Offfir
L in d a V is ta I r r i g a t io n D is t r ic t , S a n D ie g o C o u n ty , C a l.
ms',— Proposals will be received until 10 a , m ,, Jan. 81, 1905,
— Suit Still Pending.— W e a r e i n f o r m e d b y W . D . B r y s o n ,
by Fred. L. Hill, Clerk of the Board of County Commis
P r e s id e n t B o a r d o f D ir e c t o r s , th a t th e s u it b r o u g h t b y C o ).
A G . G a s s e n a g a in s t th e d is tr ic t to r e c o v e r o n o u ts ta n d in g
sioners, for $10,000 4% 10-20-year (optional) coupon bonds.
b o n d s a n d w a r r a n t s (s e e V . 7 8 , p . 7 8 1 ,) is s t i l l p e n d i n g , w i t h
Securities are issued under authority of Article 3, Chapter 2,
fa ir c h a n c e , M r . B r y s o n a d d s , o f b e in g c o m p r o m is e d , b y s u b
Title 2, Part 4, Political Code cf Montana. They are in de
s c r ip tio n o f th e p r o p e r ty o w n e r s .
A t p re se n t th e in d e b te d
nomination of $1,000. Interest will be payable Jan. 1 and
n e s s o f t h e d i s t r i c t — b o n d a n d w a r r a n t — ie $ 3 0 5 ,0 0 0 .
The
t o t a l a m o u n t o f b o n d s is s u e d b y t h e d i s t r i c t w a s $ 1 ,0 0 0 ,0 0 0 ,
July 1 at the office of the County Treasurer. A New York
of w h i c h o n l y $ 1 7 2 ,0 0 0 w a s s o l d , t h e b a l a n c e b e i n g i n s a f e draft or a check certified by a Great Falls bank, payable to
d e p o s it in S a n D ie g o .
L o u is i a n a .— V o t e o n
C o n stitu tio n a l
Amendments ,— W e the County Treasurer of Cascade Ccunly for $500, must ac
company proposals.
h a v e r e c e iv e d th e o ffic ia l v o t e c a s t a t t h e r e c e n t g e n e r a l e le c
8 W E AND CITY
tio n o n th e v a r io u s p ro p o se d C o n s titu tio n a l a m e n d m e n ts :
A r tic le 255—Carried,
V o te , 11,961 to 10,420.
T a x E x e m p t io n — O r r l e d .
A r tic le 256 —D efeated .
V o t e , 14,741 t o 12,336.
V o te , 1 ,30K t o 10,959.
Article It 9 (relating to District Courts)—Defeated. Vote, 9,S21 to 10,599.
Article 46—Defeated. Vote, 13,110 to 20,929.
A r t ic le 303—C a rrie d . V o t e , 24,765 t o 4,623.
A r t i c l e 24 — D e /e a t e d . V o t e , 6,937 t o 13,973.
A r t ic le s -8 , e t c . - D e f e a t e d . V o t e , 10,691 t o 12,800.
A r t i c l e 97—D e fe a t e d . V o t e , P,48l t o 12,2 3 '’.
A r t ic le s 8 K, e t c .—C a r r ie d . V o t e , 15,102 t o 8/>38.
A r t i c l e 119—C a r r ie d . V ote, 19,178 to 5,252.
A r t i c l e 124—C a r r ie d . V o t e , '8,3 9 1 t o 5,200.
A r t i c l e 1 '5 —C a rrie d . V o t e , 18,460 t o 5,292.
A rticle )09 (vacancies in D istrict Court)—Carried.
A rticle 28l—Carried. V ote, 11,589 to 7,763.
V ote, 18,951 to 5,195.
F o r p u rp oses o f ea ch a m e n d m e n t see Y . 7 9 , p. 1352.
T i f f i o , Ohio.— Bonds Valid.— J u d g e S e h r o t h , i n t h e C o m
m o n P l e a s C o u r t , h a s d e c l a r e d v a l i d t h e $ 1 3 ,0 0 0 4 i G r e e n
fie ld S t r e e t im p r o v e m e n t b o n d s w h i c h t h is c i t y a d v e r t is e d
for s a l e l a s t A u g u s t b u t w a s p r e v e n t e d f r o m a w a r d i n g b y a
te m p o r a r y in ju n c tio n .
See V . 79, p. 929 a n d 746,
V e r m o n t . — Legislature Adjourns.—T h e L e g i s l a t u r e o f t h i s
S t a te a d jo u r n e d D e c . 1 0 , 1 904 .
Bond Galls and Redemptions.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Departm ent ,
Chester (Pa.) Scho©l District .—Bond Sale. —The Chester
National Bank was the highest bidder on Dae. 9 for the $30,000 4% bonds offered for sale on that day. This institution
offer? d 103-56 for the bonds. The full list of bidders is :
Chester National B ank...............103-F6
Denison, P rior & C o., Cleveland
Hayden, Miller A Co., Cleve — 102'59
and B oston ................................. 101'25
N. W. H a m s & C o ., New Y ork, 102"397 N. W. H alsey & Co., New Y o rk .l0 1 -167
El. K leybolte A Co., Cincinnati. .101-25 Cambridge Trust C o.................... 100-50
8 . A . Kean, C hicago..................... 100‘02
In addition to the above the following bids were received
conditioned on the bonds being free from tax, but as the
bonds so offered are not t&x free, these bids were not con
sidered :
Lamprecht B ros. & Co., Cleve,.10fl-195 I Denison, P rior A Co., Cleveland
W J Hayes A Sons, C l e v e .......lC5-63
Hayden, Miller A Co., C leve___105-67 I
and B oston...................................103-25
Date of bonds, Dae. 1, 1904. Interest, semi-annual. Ma
turity, 30 years.
Chicago (I8L) Sanitary District .—Bond Bids.—Following
are the bids received Doc. 14 for the $1,500,000 4% 1-20-year
(serial) bonds described in Y . 79, p. 2484 :
111. Tr. A Sav. B ’k, C h icago... $1,509,750 |Merch. Ln. A Tr. Co., C h ic...11,508,745
San Miguel County (P. 0 . Las Vegas), N. Mex.—Bond Call,
— Eugenio Romero, County Treasurer, calls for payment
Jan. 1,1905, at the Chemical National Bank, New York City,
all funding bonds of this county dated Jan. 1,1892. Interest
will cease Jan 1, 1905.
Cohoes, N. Y.—Bond Offering .—Miller Hay, City Chamberlain, will sell at public auction at 12 m ,, Dec. 29, $1,072 07 H
registered public-improvement bonds. Date, Dec. 28, 1904.
Interest semi-annually on Jan. 1 and July 1 at the United
States Mortgage & Trust Co., New York City. Principal
will mature as follows : $568 53 Dec. 28, 1905, and $503 54
The official notice o f this bond call will be found among Jan. 1, 1908. Authority, Chapter 227, Laws of 1898.
Coldw&ter, Ohio.— Bond Offering.— Proposals will be re
the advertisements elsewhere in this Department,
ceived until 12 m ., Dec. 19, by H D. Carmack, Village Clerk,
for $3,000 5# gold coupon refunding bonds (maturing one
bond ofs$750
on Oct. 1 from 1910
this and $1,500 yearlycoupon sewer bonds, to 1913, inclusive),
gold
maturing one bond
week have been as follows:
of $500 yearly on Oct. 1 from 1914 to 1916, inclusive. Date
Allegheny (Pa ), Eleventh Ward School District.—Bond of bonds, Oct. 1. 1904. Interest payable at the People’s Bank
Baie.-The following bids were received Dec. 12 for the of Coldwater. Certified check for $300, payable to the Cor
poration Cleik, required. Bonded debt, including this issue,
$100,000 4% 30-year coupon bonds described in V. 79, p. 2655:
$7,000. Assessed valuation, $150 850.
Lam precht Bros. & C o./P h ila ..104-57
Municipal Corp. Sc. Sec. Co.,
H. K le y b o lte A Oo.. ( i n c i n ..........103-751
P ittsburgh...................................102-661
Columbus, Ohio.— Bonds Authorized.—The City Council
N. W . Harris & Co., N bh Y ork.. LO3081 Pittsburgh Trust C o.................... 102":8
Law rence Barnum A C o.,N . Y..103-«'i
W. J. Hayes Sc eon s,C leveland. 102-172 on Nov, 28 passed ordinances providing for the issuance of
N. Holm es & S o n s ........................103-18 S. A. K ean ,C h ica go..................... 101-06
the following bonds:
S. C. Carter........................................lOS'US
Bond Proposals and Negotiations
The bonds were awarded to Lamprecht Bros & Co. of Phildelphia and Cleveland,
Alto (Texas) Independent School District .—Bond Sale.—
The $7,61.0 5 20 40-ytar (optional) schcol-houee bonds regis
%
tered by the State Comptroller on Nov. 28 have been pur
chased at par and interest by the State Board of Education,
Amsterdam, N. Y.—Bond bale ,—The Board of Sewer Com
missioners has awarded to the Amsterdam Savings Bank at
106 an issue of $10,000 sewer bonds.
Antrim County, Mich .— Bond Sale.— W e are informed that
the $26,000
court-house bonds offered by this county about
six months ago were some time since awarded to Noble, Moss
& Co. of Detroit at par. See V. 78, p. 1797.
Artesia School District No. 16, Eddy County, N. Mex.—
Bond Sale.—The $10,000
10 20-year (optional) coupon
school-house bonds described in V. 79. p. 1489, were awarded
to MacDonald, McCoy & Co. of Chicago at 102-05.
$1,500 4J6!Broad Street assessment bonds. Date, not later than F eb. 1, 1905. M a
turity, .March X, 1915, su bject to call a 'te r March 1. 1906.
4,000 4% Long Street assessment bonds. Date, not later than Jan. 1, 1905. Ma
turity, Sept. 1, 1916. su bject to call after Sept 1. 1' 05.
4,500 i% Bennett St. assessment bonds. Date, not later than Jan. 1, 1905. Ma
turity, Sept, l, 1915. su bject to call after Sept, i, 1906.
1,200 4)0% sewer-assessment bonds. Date, not later than Jan. 1,1905. Ma
turity, Sept. 1, 1907, su b ject to call after Sept. 1,1906.
Interest will be payable March 1 and L
Sept. 1 at the office
of the City Treasurer.
Bonds Authorized .— The City Council on Nov. 28 passed
the ordinance providing for the issuance of the $1,200,000 4i
coupon filtration-plant bonds voted atlh e recent election.
Dencmination, $1,000. Date, not later than March 1. 1905.
Interest semi-annually in New York City. Maturity, Mar. 1,
1945, subject to call after March 1, 1920. As per resolution
of the Sinking Fund Trustees passed Dec. 12 this entire issue
will be taken by the Sinking Fund as an investment.
Colville, Wash.— Bonds Voted.— This place on Dec. 6 voted
to issue $12,000 water-works bonds.
2708
THE CHRONICLE.
Converse County (P. 0 . Douglas), Wyo.— Bond Offering.—
Proposals will be received until 2 p. m , Dec. 27, by A. D.
Cook, County Clerk, for $20,000 4 ^ court-house-building
bonds. Denomination, $1,000. Date, Jan. 1, 1905. Interest
semi-annually at the office of the County Treasurer or at the
National Bank of Commerce, New York City. Maturity, 20
years, subject to call after 10 years. Certified cheok for
$1,000, payable to the Treasurer of Converse County, re
quired. Bonds are issued under authority of Chapter 27,
Session Laws of the Seventh Legislature.
Coshocton, Ohio.—Bond Sale.—On Dec. 13 this city award
ed to Seasongood & Mayer, Cincinnati, an issue of $15,000
4%H refunding bonds for $15,697 60.
Defiance, Ohio.—Bond Sale. —On Dec. 12 the $9,000 4%$
coupon refunding bonds described in V. 79, p. 2222, were
awarded to the Security Savings Bank & Trust Co. of Toledo
for $9,876 50 and interest. Following are the bids :
S e c . S a v . B ’ k A T r . C o ..T o le d o .$ 9 ,3 7 6 50
N . W . H a r r is A C o .. C h ic a g o .. 9,863 00
W . R .T o d d A C o ., C i n c i n n a t i .. 9,275 00
L a m o r e c h t B r o s . A C o ., C l e v e . 9,273 00
A . K le y b o lt e A C o ., C l n c l n . . . . 9 ,2 6 1 0 0
U n io n 8 a v . B k . A T r . C o ., C l n . . $9,257 00
P r o v . S av . B k. A T r . C o ., C ln .. 9,246 00
W . J . H a y e s A S o n s , C l e v e . . . . 9,194 00
A l b e r t C. C a se, N e w Y o r k ........ 9,054 00
[VOL. LXXIX.
Farmers’ Bank o f M o r g a n ... .$2,678 00 I Peasongood & M ayer, C ln....... $2,610 00
B u t le r D ep . B atik , B u t le r ........ 2,560 00 A . L . R ic h C o .. C in c in n a t i........ 2,500 00
W e ll, R o t h A C o ., C ln c ln ......... 2,585 26 I 8 . A . K e a n . C h ic a g o .......................... 2.4K000
Fort Pierre, Stanley County, S. Dak .—Borid Offering.—
Proposals will be received until 10 a . m ., Jan. 12, 1905, by J.
Cieopbai Romseaa, City Auditor, ior $25,000 5£ coupon
water-works bonds.
Denomination, $500. Date, Jan. 2,
1905. Interest semi-annually at Chicago. Maturity, Jan. 1,
1925, subject to call Jan, 1, 1915. Bonds are exempt from
all taxes. Certified check for $500, payable to J. J. Fletcher,
City Treasurer, required. Bonded debt, including this issue,
$25,000; floating debt about $8,000. Assessed valuation 1904,
$335,414.
Gallia County (P. O- Gallipolis), Ohio.— Bond Sale.— On
Deo. 7 the $10,000 5% refunding bonds described in V. 79, p.
2485, were awarded to Seasongood & Mayer, Cincinnati, at
110-76 and interest. Following are the bids :
S e a s o n g o o d A M a y e r , C lD c ln .$ ll,0 7 fl CO
A . K le y b o lt e A C o .. C in c in . . 11,125 00
C ln o ln u a tl T r u s t C o .. C in c in . 11,061 90
W . J . H a y e s <£ S o n s . C l e v e . . . 11,948 90
L a m p r e c h t B r o s . A C o ., C ie v . 11,921 00
D e n is o n , P r io r A C o .. C le v e
lan d a n d B o s t o n ..................... 11,011 00
W .K .T o d d ® C o ..C in c in n a t i.. 11,091 oo
U n io n S a v . 8 'k A T r . C o .,C1 d . 1 1 , 0 0 1 t o
S a v .B k .& T r . C o., T o l e d o ........ 1 0 J 8 1 0 0
W e il, R o t b A C o .. C in c in ........$10,979 60
P r o v . S a v B ’ k A T r . C o .. C ln . 10 > 7 1 00
N ew 1st N a t. B ’ k .C o lu m b u s .. 10.987 50
P. P B r ig g s A C o ., C in c in ___ 1 0 ,951 00
R . K le y b o lt e A C o ., C i n c i n . .. IO.wOd 00
W . E . B u n c a n , T h u r m a n ....... 10,826 25
A lb e r t C. C a se , N ew Y o r k . . . . 10 780 00
J. M . H o lm e s , C h ic a g o ........... 10,600 00
T h o s . J . B o lg e r C o., C h ic ........ 10,800 00
M a s o n , L e w ig A C o ., C h ic a g o .$ 3 1 .6 ll
R . K le y b o lt e A C o ., C l n c l n . . . 81,6'i9
N .W . H a r r lB A C o .,C h i c a g o .. 31,662
S e a s o n g o o d A M a y e r . C ln c ln . 31.482
S p ltz e r & C o ., T o l e d o ............... 31,455
F a r s o n . L e a c h A C o ..C h ic a g o .$31,327 5 0
W . J . H a y e s A S o n s, C l e v e ... 81,249 00
M c C a r t n e y N a t B a n k ............. 3 l,0 o 0 00
C itiz e n ’ s N a t. B a n k .................. S1.0C0C0
Denver, Colo.—Bond Offering.— Proposals will be received
until 11 a . M., Dec. 27, by R. W . Speer, Mayor, and C. S.
Green Bay, W is.—Bond Sale.—O r Die. 7 $31,000 4% cou
Elder, Treasurer, at the office of the Mayor, for the follow pon school-house bonds were awarded to Mason, Lewis &
ing bonds:
Co. of Chicago at 101'97 and interest. Following are the
$768,759 50 5 %g o ld c o u p o n r e fu n d i n g b o n d s . D e n o m in a t io n , $1,000, e x e e p
bids:
o n e b o n d l o r $769 60. D a t e , O c t. 1, 1904, I n t e r e s t s e m i-a n n u a lly
a t t h e o ffic e o f t h e T r e a s u r e r o r .a t t h e M e r c a n t ile T r u s t C o „ N ew
Y o r k C ity . M a t u r it y , O c t. 1, 19X9.
640,722 77 6 * g o ld c o u p o n f u n d i n g b o n d s . D e n o m in a t io n , $1,000, e x c e p t o n e
b o n d f o r $722 77. D a t e , O c t. 1, 1904. I n t e r e s t s e m i-a n n u a lly a t
t h e o ffic e o f t h e T r e a s u r e r o r a t t h e M e r c a n t ile T r u s t C o.. N e w
Y o r k C ity , M a t u r ity , O c t. 1, 1919.
00
50
00
25
00
Denomination, $1,000. Date, Oct. 1, 1904. Interest, semi
Persons holding any of the bended indebtedness of the city annual.
Grove City, Pa .—Bond Sale. —On Dec. 2 $6,000 5% funding
and county, and included municipalities, of the following bonds were awarded to Lamprecht Bros. & Co. of Cleveland
issues, to w it :
at 105T83. Denomination, $1,000. Date, Dec. 1, 1904. In
P u b l i c I m p r o v e m e n t A , fir s t is s u e , S e p t. 1 ,1 8 8 9 .
terest semi-annually at the office of the Borough Treasurer.
P u b l i c I m p r o v e m e n t A , s e c o n d is s u e , J a n . 1, 1892.
Maturity, $1,000 yearly, beginning five years after date of
P u b l i c I m p r o v e m e n t B, J u ly l , 1891.
P n h lic I m p r o v e m e n t C, N o v . 1, 1893.
issue. Bonds are free from tax.
S o u t h D e n v e r I m p r o v e m e n t , M ay 1. 1891.
Bonds Voted—Bond Offering.—This borough on Dec. 6, by
H a r m a n B r id g e a n d B u ilo iu g , J u n e 1, 1891.
E ly r ia P u d Mc B u ild in g , J u n e l , 1894.
a vote of 354 to 44, authorized the issuance of $12,000 4%
G lubeviile E lectric Light, Mav 1.1897.
water-plant-extension bonds. Proposals for these bonds will
S o u ih D e n v e r W a t e r , s e c o n d issu e , F e b . 4, 1891.
S o u t h D e n v e r W a t e r , t h ir d is s u e , M a y l , 1891.
be received until 8 p . m . , Jan. 20, 1905. Denomination, $1,000,
N o r t h D e n v e r W a t e r , fir s t ts s u e , J u n e 1, 1896.
Maturity, one bond yearly ona
March 1 from 1906 to 1917, in
N o r t h D e n v e r W a t e r , s e c o n d is s u e , O c t . 1, 1897.
B e r k e le y W a t e r , J u n e 10, 1902.
clusive,
G lo b e v i l l e W a te r , S e p t, l , i s 4.
Hamilton County (P . O. Cincinnati), Ohio,—Bond Sale.—
H ig h la n d s S e w e r , s e c o n d is s u e , J u ly 1. 1891.
H ig h la n d s S e w e r, t h ir d is s u e , J u ly 1, 1892,
On Deo. 10 the $150,000 4# 10-year refunding bonds described
may bid for said refunding bonds, either in cfiHi or by ex in V. 79, p. 2223, were fawarded to Albert Kleybolte & Co.,
change of said securities, stating terms of exchange or pur Cincinnati, at 104’09. Following are the bios :
A . K l e y b o l t e & C o .. C i n c i n . . $156,135 00 I A t la s N a t. B k „ C i n c i n n a t i ..$154,590 00
chase, either or both.
U n io n S a v . B k. A T r.C o ..C in . 165,->45 09 C in c in n a t i T r u s t C o ., C in . . 1 5 4,00 100
S
d
y r C n
155,375
e
lz a
50
Persons holding any of the floating indebtedness of the city G e a s oanng o oat.ABMnak .e C, in ciin... . 165.37u 00 1 W- d s tre, rH oG emm n nABC o ., , C m .. 763 402 00
e rm
N
a
00 ,
e
n
r a
a n s C in 153,050
ov S . k
T . C
in 156,190 00
and county, and included municipalities, audited by the P re il,. R a v h BA .CA ., rC in o ..C___. 154,816 80 1 W . J . H a y e s A S o n s , C le v e .. 162.254 10
W
ot
o
c in
Mayor, Auditor and Treasurer of the icity and comity and
Hicfesvilie (N. Y.) Fire District.—Bond Offering.—Propo
represented by outstanding duly executed warrants, may sals will be received until 2 p . m ., Jan. 5, 1905, by John H.
also bid for the funding bonds, either in cash or by exchange Hahn, Chairman, for $6,000 4# coupon bonds. Denomina
tion, $600. Interest, annual. Maturity, $600 yearly on April 1
of said warrants, stating the terms upon which they are will
from 1906 to 1915, inclusive. Certified check for 5? of the
ing to effectuate an exchange, or either or both.
amount of bid, payable to the Treasurer of the Hicksville
Certified check for 3$ of the amount of bid, payable to C* Fire District, required.
Hudson, N. Y .—Bond Offering.— Proposals will be received
S. Elder, Treasurer of the city and county of Denver, re
until 12 M., Jan, 3, 1905, by William Wortman, City Clerk,
quired,
The official notice o f this bond offering will be found among for $50,000 4% registered water-improvement bonds. Denom
ination, $1,000. Interest annually on July 1. Bonds will
the advertisements elsewhere in this Department.
Detroit, Mich.—Bond Offering.— Proposals will be received bear date of and draw interest from Jan. 1, 1905, and will be
until 11 a .[m ., December 27 (postponed from December 20), delivered to the purchaser on or before Jan. 25, 1905, at the
by F. A. Blades, City Comptroller, for $190,000 3% per office of the City Treasurer. Bonds will be payable, $25,000
cent coupon public-school and $90,000 3*4 per cent coupon
July 1, 1928, and $25,000 July 1, 1924. Authority, Chapter
public-sewer bonds. Denomination, $1,000. Date, Jan. 16,
1905. Interest semi-annually at the office of the City Treas 187, Laws of 1904, passed April 4, 1904. A certified check
urer or at the current official bank in New York City or in for 2% of the par value of bonds bid for, payable to the City
Detroit. Maturity, Jan. 16, 1935, Separate bids must be Treasurer, required.
made for each issue and either money or a certified check for
The official notice o f this bond offering will be found among
2%of bonds bid for, payable to the order of the city of De
the advertisements elsewhere in this Department.
troit, required— checks to be drawn on a national bank in
the United States or on a State bank in Detroit. Coupon
Jackson County, Texas.— Bond Election.— An election has
bonds may be exchanged for registered securities at any been called for Dec. 17 to vote on the question of issuing the
time. Bonds are exempt from city taxation.
$50,000 court house bonds mentioned in V. 79, p. 1730.
Jersey City, N. J.—Bond Sale.— The Sinking Fund Com
East Liverpool, Ohio.—Bonds Not Sold.— No sale has yet
been made of the $62,000 4% coupon refunding bonds offered mission on Dec. 14 purchased at par $84,000 4% sewer, $26,000
by the Sinking Fund Trustees on Dec. 2,
4% new water-pipe and $7,000 temporary loan bonds.
East Toronto, Ont.—Debenture Sale.—On Dec. 7 the $55,Kanabec County (P . O. Mora), Minn.— Bond Offering.—
000 4% debentures described in V. 79, p. 2600, were awarded Proposals will be reoeived until 2 p . h , Jan, 3, by Henry
to Geo. A . Stimson & Co. of Toronto for $55,001 and interest, Rines, County Auditor, for $7,200 county ditch bonds at not
Essex, Ont.—Debenture Offering.— Proposals will be re exceeding 3% interest. Denomination, $800, Date, Jan. 2,
ceived until Dec. 24 by W. D. Beaman, Town Treasurer, for 1905. Interest, semi-annually in New York exchange. Ma
$3,000
local-improvement debentures maturing part yearly turity, $800 yearly on Jan. 2 from 1907 to 1915, inclusive.
Authority for issue, Chapter 258, Laws of 1901, and subse
for twenty years.
Fall River County ( P. O. Hot Springs), S. Dak.—Bond quent amendments. Certified check for 5£ of bid required.
Offering.—Proposals will be received until 12 M., Jan. 3,
Kincardine, Ont.—Debenture Offering.— Proposals will be
1905, by Henry Marty, County Auditor, for $35,000 4$ fund received until Dec. 27 by J. C. Cooke, Chairman Finance
ing bonds. Authority, Chapter 94, Laws of 1901. Denomi Committee, for $4,500 4% water-works and electric-lightnation to suit purchaser. Date, Dec. 1, 1904. Interest semi plant-extension bonds.
annually at Kountze Bros., New York City. Maturity,
La Grange, G».— Bond Offering.— Proposals will be re
Dec. 1, 1924. Bonded debt, $40,000; floating debt, $185,000. ceived until 12 M ., Deo. 81, by J. E, Danson, Chairman Fi
nance Committee, for the $40,000 4% coupon gold electricAssessed valuation 1904, $1,685,110.
Falmouth, Ky .—Bond Sale.—On Dec. 12 the $2,500 5i light-plant, fire-department and floating debt bonds author
water-works bonds described in Y . 79, p. 2600, were awarded ized at the election held Sept. 14.1904, Denomination, $1,000.
to the Farmers’ Bank of Morgan at 103’12. Following are Date, Jan. 1,1905. Interest semi-annually in New York City
the bids:
and in La Grange. Maturity, from 1918 to 1920. Bonds are
D e c . 17, 1904. J
THE CHRONICLE.
2709
so
a r
76
, M V ern
00
exempt from taxes. Beaded debt, including this issue, $81,- F ir s t N a t. B aon k C in t.in n a t io n . .$3,056 56 S e.a ft. n goododd AACM.. y ein, cC i n c itn ..$2,986 00
A , L. R ic h C .,
c
W
T
o C
in n a i.. 2.9S5
....... 3 ,0 3 1
000; floating debt, $10,000, Assessed valuation 1904, $2,500,- H a y d e n , M ille r A C o ., C l e v e . . . 3,025 00 D . H . M o o r e . A t h e n s ............... 2,968 00
F a r m e r s ’ A M e r c h a n t s ’ N a t.
L a m p r e c n t B r o s . A C o ., C le v e .
000.
B a n k , M t. V e r n o n ..................... 3,020 00
S e e b e lo w .
Lakewood, Ohio.— Bond Election,—W e are informed that A . K l e r b o l t e A C o .. C i n c i n . . . . 3,017 00 W . J . H a y e s & S o n s, C l e v e . . . . 2,947 00
P r o v . S a v . B ’k A T r . C o ., C in .. 2,996 00
the election to vote on the question of issuing the $35,000 54
The bid of Lamprecht Bros. & Co., Cleveland, was origin
fire-department bonds mentioned in last week’s C h r o n ic l e
ally $3,059, but was changed by wire to read $2,948. The
has been postponed from Dec. 13 to Jan. 10, 1905,
Bond Sale.—On Dec. 10 the $7,8 )5 18 54 storm-water-sewer bonds were accordingly awarded to the local bank,
Newark, Ohio.— Bond Sale.— The $3,000 smallpox and the
bonds described in V. 79, p. 2223, were awarded to the Lakewood Savings & Banking Co. at par and accrued interest. A $1,528 Pine Street sewer bonds purchased several months
bid was also received from W . J. Hayes & 8on@ of Cleveland. ago by the Board of Sinking Fund Trustees have been sold
Lexington, Ky.— B o n d Offering — Further details are at by them to Lamprecht Bros. & Co. of Cleveland at a pre
hand relative to the offering on Dec, 31 of $20,000 Audito mium of $272.
Bond Offering.— Proposals will be received UDtil 3 p, M,,
rium and $50,000 sewer bonds. Proposals for these bonds
will be received until 12 m . on that day by Thos. A. Combs, Dec. 27, by the Sinking Fund Trustees, for $7,350 coupon
Mayor, Denomination, $1,000. Date, Feb. 1, 1905. Interest Granville Street paving bonds. Denomination, $1,000, except
semi-annually at the Phoenix National Bank of Lexington. one bond for $850. Date, July 1, 1904. Interest, semi-annual.
Norwich (Town), Conn.—Bond Sale.— On December 15 the
Maturity, 40 years. These bonds were authorized at the gen
eral election Nov. 8, the vote on the Auditorium question $117,000 8J£4 20-year refunding bonds described in V. 79, p.
being 3,258 for and 718 against and on the sewer question 2602, were awarded to Blodget, Merretfc & Co., Boston, at
8,001 to 659. Certified check for $500, payable to the Treas 98*27 and interest. Bonds are dated Jan. 2, 1905, Following
are the bids:
urer of the city of Lexington, must accompany each bid.
Blodget, M
Co., oston 98'27 I
Prior A Co., Cleveland
Lima, Ohio.— Bond Offering,— Proposals will be received H. W . P oorerritt A B o s tBn ........ 98146 i Denison,oston ................................. 97-75
A Co.,
o
and B
until 12 m ., Jan. 2, 1905, by Fred. C. Beam, City Aud Norwich Savings Society............ 97-89 |N. W . H arris A Co., B oston ...... 96"669
itor, for $25,000 4% water supply bonds. Authority, Sec W. J. Hayes A Sons, Cleveland. 97"75 I Chelsea Savings Bank................. 95"00
Nutley (N. J.) School District.™Bona Sale.—On Dec. 1
tions 2835 and 2886, Revised Statutes of Ohio. Denomina
tion, $1,000. Interest semi-annually at the office of the City this district sold to the Sinking Fund Commissioners of Essex
Treasurer. Maturity, $1,000 each six months from March 1, County at par an issue of $4,000 4% 10-year school-bullding1906, to March 1, 1918, inclusive. Certified check on a Lima improvement and repair bonds. Denomination, $1,000. Date,
bank for 54 of the amount of bonds bid for, payable to the Dec. 1, 1904. Interest, March and September.
Ohio County (P. O. Rising Sun), Ind.—Bond Sale.—On
City Treasurer, required.
Macon, Ga.— Bond Offering,— Proposals will be received Dec. 6 $1,280 4% bridge bonds were awarded to the National
until 12 M,, Dec. 20, by Bridges Smith, Mayor, for $40,000 4% Bank of Rising Sun at par and interest. This was the only
Date, Nov. 15, 1904,
town-hall and sewer bonds. Securities are dated April 1, bid received. Denomination, $128.
1904. Interest, quarterly. Maturity, $2,080 yearly 1910 to Interest semi-annually in Rising Sun. Maturity, one bond
1919, inclusive; $1,000 yearly 1920 to 1929, inclusive, and each six months,
Bonds Not Sold.—No bids were received Dec. 6 for $4,304
$2,000 yearly 1930 to 1934, inclusive.
Madison, Ind.— Bond Sale.—This city has sold to local 4 ^ 4 gravel-road bonds. Denomination, $107 50. Dare, Nov.
citizens at par an issue of $22,000 3J^4 refunding bonds. De 15, 1904. Interest semi-annually in Rising Sun. Maturity,
nomination, $500. Date, Nov. 1, 1904. Interest, annual. Ma one bond every six months for twenty vears.
Orange, Conn.— Bond Sale.— The $200,000 4% gold funding
turity, 10 years.
Madison County (P. O. Anderson), Ind.— Bond Offering.— bonds offered on Dec. 15 were awarded to Spitzer & Co. of
Proposals will be received until 10 A. M , Jan. 5, 1905, by New York at 102'83. See V . 79, p. 2602, for description of
Joseph D. Kinnard, County Auditor, for $45,000 3 ^ 4 fund bonds.
Orange, Texas.— Bonds Registered.— The State Comptrol
ing bonds. Denomination, $1,000. Date, Jan. 5, 1905. In
terest, semi-annual. Maturity, $5,000 yearly on Jan. 5 from ler on Dac 10 registered an issue of $5,000 54 40-year cityhall bonds, dated Nov. 1, 1994.
1907 to 1915, inclusive. Certified check for $1,350 required.
Philadelphia, Pa.— Temporary L.oan.— The temporary loan
Mapletoa Township, Blue Earth County, Minn.— Bond
Offering.—Proposals will be received until 10 a . m , Dec. 20, of $505,286 52 authorized b y the City Councils last November
by John T. Goff, Town Clerk, for $7,400 0# coupon refund has been taken by the Sinking Fund as an investment, the
ing bonds. Denomination, $1,000, except one bond for $1,400. interest rate being 3^ 4 .
Phoealx, A riz.—Status o f Litigation. —The following re
Date, Jan. 1, 1905, Interest, semi-annuaily at place to be
designated by purchaser. Maturity, $2,000 yearly on Jan. 1 garding the litigation over the issuance of $300,000 water
from 1907 to 1909, inclusive, and $1,400 Jan. 1, 1910. Cer bonds of the city of Phoenix appeared in the Los Angeles
tified check for $200, payable to the Township of Mapleton, “ Tim-s
P h o e n i x . Ariz., Dec. 6.—A peculiar situation exists In respect to the $300,060
required, Bonded debt, this issue; floating debt $400. As
in Phoenix water works bonds now offered fo r sale.
sessed valuation 1903, $343,459.
The bonds were v oted som e m onths ago. A private company, now operat
Marion County (P . O. Indianapolis), Ind.—Bored Offer ing under a franchise, opposed the measure, and after defeat in tne election
brought suit enjoining t.be city from selling them. A demurrer filed by the
ing.— Proposals will be received until 12 M,, Jan. 4, by Cyrus city was sustained. L itigation is now ostensibly settled, but plalntifl has am
J. Clark, County Auditor, for $170,000 3}£4 coupon bridge ple time as yet to p erfect an appeal to the Supreme Court, and it is authorita
tively announced It will do so, fighting th e case to the Court o f last resort.
bonds. Securities are part of an issue of $850,000 bnnds, of
See V. 78, p. 1237.
which $170,000 were sold last July to Farson, Leach & Co. of
Pike County (P . O. Troy) Ala.— Bond Offering.—Proposals
Chicago. Date, July 1, 1901. Denomination. $1,000. Inter
will be received until 10 a .m ,, Dec. 19,',by the Commissioners’
est semi-annnally at the banking house of Winslow, Lanier
& Co., New York City. Maturity, July 1, 1924. A certified Court for $150,000 coupon road-improvement bonds at not
check for $5,100, drawn on an Indianapolis bank and made exceeding 4%<k interest. Securities are dated Jan. 1, 19G5,
payable to the Board of Commissioners of Marion County, re and will mature in thirty years. Interest will be payable in
quired. Bidder must also file affidavit that he has not en Troy. The county has no debt at present. Assessed valuation
tered into combination, collusion or agreement with other 1904, $4,097,000.
Pike County, Ind.— Bond Sale.— We are informed that the
bidders. Bids must be made on blanks prepared by the
$28,900 4%% gravel-road bonds (two issues) described in V.79,
County Auditor.
Medina County Road District No. 1 (P. O. Medina), Ohio. p. 285, have been sold to J. F. Wild & Co. of Indianapolis.
—Bond Sale.— On Deo, 12 the $25,000 54 coupon road-im- 1 Richmond, Ya .—Bond Sale. —On Dec. 9 the $55,600 4% cou
provement bonds described in Y . 79, p. 2224, were awarded pon redemption bonds described in V . 79, p. 2487, were
to Lamprecht Bros. & Co,, Cleveland, at 103*51 and interest. awarded to R. E. Glover of Richmond at 106}^.
Rochester, N. Y.—Loan Authorized.— The City Council
Following are the bids :
has authorized a loan of $410,000 for not exceeding six
L a m p r e c h t B r o s . * C o .,C le v e .$ 2 5 ,8 7 7 50 W . J . H a y e s & S o n s , C l e v e .. .$25,595 00
W e il . R o t h A C o ., C in c in n a t i. 25,768 60 U n to n S a v . Bit. A T r . C o ., C in . 26,595 o o
months, to take up the 74 bonds which will mature Jan. 1,
D e n is o n , P r io r A C o ., C l e v e
8 . A . K e a n , C h i c a g o ................. 25,662 50
1905. It is the intention of the city authorities to obtain
la n d a n d B o s t o n ................... 25,702 50 W . R . T o d d A C o .. C i n c i n ___ 26,5<>l 00
S e a s o n g o o fi A M a y e r , C in c ln . 25,680 25 H a y d e n , M ille r A C o ., C l e v e . 26,435 00 legislative sanction for the issuance of 30-year bonds to take
S e c . S a v . Bfe.A T r .C o ..T o i e d o . 25,610 00 I R . K l e y b o l t e A C o ., C i n c i n .. 25,’ l2 5 00
up these temporary notes, the general municipal law per
Mineral Ridge, Ohio.—Bond Sale.— On Dsc. 1 the $800 64 mitting the issuance only of 20-year bonds.
bonds described in V. 79, p. 2109, were awarded to Albert
Sacramento, Cal.— Bond Sale,—On Dec. 12 the $200,000 4%
Kleybolte & Co., Cincinnati, at 100*625. This was the only 1-40-year (serial) coupon high-school bonds, dated Jan. 1,
bid received.
1905, described in V. 79, p. 1731, were awarded to N. W .
Monessen, Westmoreland County, Pa.— Bond Sale.— The Halsey & Co. of New York City for $204,141.
$82,000
funding bonds mentioned in the C h r o n i c l e Oct,
St. Marys, Ohio.— Bonds Not Sold—Litigation.—Owing to
1 have been sold to F. S. Warner at 104*50. Securities ma litigation, the $21,000 54 highway-improvement bonds adver
ture in 25 years.
tised for sale Dec, 10 were not awarded. Suit has been filed
Moorhead (Minn.) School District.—Bored Sale.— This dis by D. F. Mooney and J. T. Schoonover, taxpayers, to enjoin
trict has voted to issue $7,000 sohool bonds. These bonds, the issuance of these bonds, they claiming that it is generally
we are informed, have been sold.
understood that the proceeds of the sale are not intended for
Morristown, Ind.— Bond Sale.—W e are informed that the the improvement of the city’s highways, but is to be turned
$3,000 5# 10-year bonds mentioned in V. 79, p. 2486, have over to a manufacturing establishment as a bonus, and that
been sold to J, F. Wild<fc Co. of Indianapolis at par. De such use of the money is an illegal diversion of the funds
nomination, $500. Date, Dec. 1, 1904. Interest, semi-annual. and a wrongful use of the public money. A temporary in
Maturity, one bond yearly beginning two years after date of junction has been granted.
issue.
Santa Clara, Cal.— Bond Offering,— Proposals will be re
Mount Yernon, Ohio.— Bond Sale.—On Dec. 12 the $2,800 ceived until 8 P . m ., Jan. 9, 1905, by D. O, Drnffel, President
64 East Vine Street sewer-dyke bonds described in V. 79, p. Board of Town Trustees, for $50,000 54 gold coupon school2224, were awarded to the First National Bank of Mount house bonds. Denomination, $025. Date, Jan. 2, 1905. In
Vernon for $3,055 and interest, Following are the bids :
terest, semi-annually at the office of the Town Treasurer.
THE CHRONICLE.
2710
Maturity, $1,250 yearly on Jan. 2 from 1906 to 1945, inclusive.
Certified check for 5£ of bid, payable to “ The President of
the Board of Trustees of the Town of 8anta Clara,” required.
Bonded debt, ircluding this iesue, $123,500. Assessed valua
tion, 1904, $1,585,072.
Santa Rosa (Cal.) School District.— Bond Election .—An
election will be held D.c. 20 to Vote on the question of issu
ing $75,000 school-house bonds.
Seattle, Wash.—Remit o f Bond Election .—The election
Dec. 6 on four different bond propositions resulted as fol
lows :
$850,OfO light bonds. Carried by a vote o f 2,807 for to 1.674 against.
170.000 Jail bonds. Carried by a vote o f 2,804 for to 1.675 against.
500,"< 0 city-hall bonds. Defeated by a vote o f l,6i 1 for to 2.817 against,
160.000 city- hall-aite bonds. Defeated by a vote o f 1,816 for to 3,04O against.
South Omaha, Neb. —Bond Offering.—Proposals will be re
ceived until 8 P M., Dec. 19, by John J, Gillin, City Clerk,
for the following bonds :
$70,000
coupon city-hall bonds.
1140,000
i%
coupon park bonds.
Denomination, $500 or $1,000, as desired. Da'e, Dec. 1,
1934. Interest, semi-annual. Maturity, 2!) years, optional
after 5 years. Accrued interest to be paid by purchaser.
Certified check on a State or national bank for $1,000, pay
able to the City of South Omaha, required. These bonds
were voted at election held Nov. 8, 1904,
Sptkane County (P. O. Spokane), Wash .—Bond Offering.
— Proposals will be received until 12:15 p. H , Dec. 31, by the
County Commissioners, for $30,00) gold crupon armorybuilding bonds at not exceeding 6% interest. Authority,
Chapter 115, Laws 1903. Denomination. $1,000. Date, Jan, 1,
1905. Interest annually at the fiscal agency of the State in
New York City. Maturity, 20 years, subject to call after 10
years. Certified cheok for $l,0Gu, payable to Spokane County,
required. Z, Stewart is County Auditor and Clerk of Board
of County Commissioners.
Starke County, la d .—Bend Sale.—On D c, 10 the $4,491 81
6£ Coleman ditch drainage bonds described in V. 79, p. 2658,
were awarded to S. A. Kean of Chicago at 100'lOand interest*
No other bids were received.
Stevenson School District, Merced County, Cal.—Bond
S ale,- On Dec, 6 $2,000 8i school-house bonds were awarded
to H. O. Rogers for $2,007 75. Denomination, $400. Da"e,
Jan. 1, '9'5, Ioterepr, annual. Maturity, one bond yearly.
N E W LOANS.
Toledo, Ohio.— Bond Offering.— Proposals will be received
until 7:30 p . m ., Jan. 11, 1905, by R. O. Bacon, City Auditor,
for $53,752 90 4g Front Street paving bonds. Denominations,
one for $5,377 90 and nine for $5,375 each. Date, Jan. 4, 1914.
Interest, March 4 and Supt. 4 at the office of the City Treas
urer. Maturity, one bond each six months, beginning March
4, 1905. Accrued interest to be paid by purchaser. Cer
tified check for 5£ of the par valn9 of bonds, drawn without
condition on some national bank in Toledo, or else money
for that amount, required with bida.
Troy, Ohio.—Rond Offering.— Proposals will be received
until 12 m ,, J rn. 17, 19u5, by Chas. F. Rannells, City Aud
itor, for $10,000 4* fire-departmenc bonds. Authority, Sec
tion 2835, Revised Statutes of Ohio. Denomination, $1,000,
Date, Nov. 1, 19)4. Interest, semi-annual, Maturity, Nov. 1,
1924. Accrued interest to b6 paid by purchaser. Certified
check for $200, payable to the Treasurer, required.
Tuckahoe, N. Y.—Bond Offering —Proposals will be re
ceived until 8 P. M . Dsc. 20, by Herbert D. Lent, Village
President, and James E. Lattlmer, Village Clerk, for $7,193
registered street improvement bonds at not exceeding 5 in
«6
terest. Denomination, $513 78. Date, Dec, 1, 1904. Interest
semi-annuaily at the First Na’ iiDal B ink of M^unt Vernon,
Maturity, one bond yearly on D c. 1 from 1908 to 1921, in
clusive. Certified check for $250 requ'red. Bonds were au
thorized at election held Nov. 22, 19u4.
Union School District, Marshall County, W. Va. —Bond
Offering.—Proposals will, be received until 12 ji . Dec. 29, by
M ; F. Diegan (P. O, Benwood) or by Jas. E. Doyle (P. O.
McMeechen) for $35,000 5£ bonds. This district is located in
the northwest section of the connty and ineiuoes the corpo
rate towns of McMeechen and Benwood Authority, vote
of 801 to 244 at election held Nov. 8, 1904. Denomination,
$500. Date, Jan, 1, 1905. Interest annually at the Bank of
Benwood. Maturity as follows: $1,000 yearly on Jan. 1
from 19H6 to 1910, inclusive; $1,500 yearly on Jan. 1 from
1911 to 1920, inclusive; $3,000 yearly on Jan. 1 from 1921 to
1925, inclusive.
Victoria, B, C.— Debenture Sale.—Th3 three irsues of 1%
debentures, aggregating $41,788 11, offered on Nov. 28. were
awarded to Aemilius Jarvis & Co. oi: Toronto for $49,540.
See V. 79, p. 2227, for description of bends.
# 1 ,S 9 9 ,4 8 2
# 1 0 , 0 0 0
C I T Y O F H U D S O N , N Y.
Cascade County, Montana,
1904 Water Improvement Bonds.
C O U P O N BONDS.
Sealed bids w ill be received by the Finance Com
m ittee o f the City o f Dudsi n, at the M ayor’s office
in said city, until Tuesday, the 3d day o f January,
1D05, at 12 o'clock noon, for the purchase o f the
whole, or any part, o f an issue o f fifty thousand
dollars o f the bonds o f said city, to be issued in Us
corporate name under the provisions o f Chapter
187 o f the laws o f 1904 o f the State o f New York, en
titled: “ An act to provide the City o f Hudson with
pure and wholesom e water,” passed April 4th, 1904,
and by virtue o f a resolution o f the Common Coun
cil o f said City o f HudsoD, passed Decem ber 5th,
1904, for the purpose o f providing funds for provid
ing the City o f Hudson with an adequate supply o f
pure and wholesome water. The bonds to be Issued
will be registered bonds o f the denomination o f one
thousand dollars each, and will be sold fo r n ot less
than par and accrued interest, and will bear interest
at the rate o f fou r percentnm per annum, payable
annually on the first day o f July In each year. Said
bonds will bear date on, and draw interest from, the
first day o f January, 19t5, and wilt he delivered to
the purchaser on or before the 25th day o f January,
1905, at the office o f the City Treasurer.
Said bonds will be payable on the first days o f
July in each o f the following-named years, as follows:
1923, $25,000; 1924, $25,000.
Proposals m ust be accompanied by a certified
check, payable to the order o f the City Treasurer,
fo r 2 per cent o f the par value o f the b 'nds bid fcr.
Bids to be marked “ Proposals fo r Bonds,” and
addressed to Wm. W ortman, City Clerk, Hudson,
N. Y.
The city reserves the right to reject any and all
bids if it deems it lo r trie best interests o f the city
so to do.
WM. W O RTM AN , City Clerk.
CHAS. K. PLASS,
SILAS H. P E A K E ,
JO H N E. MAK't IN,
Finance Committee.
Dated Decem ber 6th, 1S04.
N otice is hereby given that, in pursuance o f the
provisions o f Article 3, Chapter 2, Title 2, Part 4, oi
the Political Code o f the State o f Montana and of
the order made by the Board o f County Commis
sioners o f Cascade County, State o f Montana, at a
regular meeting o f said Board held on the 8th day
o f December, 1904, the said Board o f County Com
missioners will, cn the 31ST D A Y OF JA N U A RY,
19C5, at 10 o ’clock A . M. o f said day, at the office
o f said B r a r d in th e District Court House, in the
City o f Great Falls, Cascade County, Montana,
under and by virtue o f a resolution duly adopted
by said Board at a regular meeting thereof, held
on the 8th day o f December, 1904, at the aforesaid
office o f said Board, sell coupon bonds o f said
Cascade County to the amount o f ten thousand
dollars, drawing interest at the rate o f four per
cent per annum, payable semi-annually on the first
day o f January and the first day o f July o f each
year, which bonds w ill he o f the denomination o f
one thousand dollars each, and Bhall be payable
twenty years after the date o f their issu e; pro
vided, however, that said bonds shall be redeemable
at the option o f Baid County o f Cascade at any time
after ten years from the date thereof. The said
coupon bonds will be made payable at any National
Bank designated by the purchaser thereof, and the
said County o f Cascade will deliver such bonds at
said bank to the order o f the purchaser. The
interest on said bonds will be payable at the office
o f th e Treasurer o f said County o f Cascade.
Healed proposals fo r the purchase o f said bonds,
subject to legality, will be received up to the time of
sale, and the party or patties oflering the highest bid
and price therefor will receive the bonds. A New
York draft or check certified by a bank o f said City
o f Great Palls, payable to the order o f the County
Treasurer o f Cascade County aforesaid, to the
amount o f $50G’00, must be deposited with the
County Treasurer aforesaid by each bidder as a
guaranty o f good faith.
The said Board o f County Commissioners reserves
the right to reject any or all bids.
Bids should be marked ‘ Bids on Bonds” and
addressed to Fred L. Hill, Cierk ot the Board o f
( 'ounty Com misiioners,Great P’alls, Cascade County,
Montana.
By order o f the Board o f County Commissioners
o f Cascade County, Montana.
FRED L. H ILL,
County Clerk and clerk o f said Board.
First publication Dec. 17th, 1904.
OF TH E
County of San Miguel
New B?exico.
V
N E W LOANS.
N E W LOANS.
# 5 0 ,0 0 0
CALL FOR
Redemption of Funding Bonds
[V O L . L X X I X
N otice is hereby given to the owners o f Fund
ing Bonds o f the County o f San Miguel, Terri
tory o f
New M exico,
dated
January 1st,
1892, that all o f said bonds which remain out
standing and unpaid are hereby called for
redemption, and sbonld, together with all unroa
turea coupons thereunto attached, be deposited
with th > Chemical National Bunk, in the City and
State o f New York, for such purpose. Interest will
8 Nassau Street,
cease on said bonds on the first day o f January, 40 Water Street,
1905. Both principal o f said bonds and im erest due
BOSTON.
NEW YORK.
therpon to said first day o f January, 19(5, will be
pa d by said bank upon surrender to It o f said bonds.
This call for redemption is made pursuant to an
MEMBERS
order o f the Board o f County Commissioners o f Han
Miguel County, New M exico, unaer the option re
N E W YORK A N D BOSTON
served on the face o f the said bonds and in i be law
whereunder they were Issued, and the undersigned
STOCK EXCHANGES.
has been duly am h o m ed to make the same.
Dated at Las Vegas, Han Miguel County, New
M exico, this 12th d y o f December, 1904.
STATE, MUNICIPAL AND H IG II GRADE
_ _ _ EJJGlISNlo ROMERO, County Treasurer.
By ROBT. L. M. ROSS, Deputy.
R AILR O AD SECURITIES.
R.
L.
DAY
&
BANKERS,
C O ,
City
2 7
and County of Denver
Funding and Hi funding Bonds.
N otice is hereby given that bids w ill be received by
the Mayor and the Treasurer o f said ity and County,
at the office o f the Mayor, on or before 11 o ’clock A .
M. o f Decem ber 27, 1904, for the purchasing o f the
follow ing bonds, viz.: *758,769 50 fifteen (.6) year
five per cent (c>) refunding bonds and $ 40,722 77
fifteen (15) year five per cent (5%) funding bonds; de
nomination o f bonds, one thousand dollars ($!,* 00)
each. Bids will be received fo r all, or any part, o f
either issue.
Persons holding any o f the bonded Indebtedness
o f the City and County, and included municipali
ties, may bid for said refunding bonds, either in
cash or by exchange o f said securities, stating terms
o f exchange or purchase, either or both.
Persons holding any o f the floating indebtedness
o f the City and County, and included municipali
ties, audited by the Mayor, Auditor and Treasurer
o f the Ciiy and County, and represented by out
standing duly executed warrants, may hid for the
funding bonds, either in cash or by exchange o f
said warrants, stating the terms upon which they
are willing to efleotuate an exchange, or either or
both.
A ll bids must he accompanied by a certified or
cashier’s chock, payable to C. S. Eider, Treasurer o f
the City and County of Denver, in amount equal to
three per cent (3%) o f the amount bid, to insure
good faitn on the part o f tbe bidder; said check to
be deposited by the Treasurer In a trust funo, and
to he forfeited to the City aud Connty as liquidated
damages if the bidder Bhall fail to take the bonds
within thirty (30) days alter the award has been
made by the Treasurer and Mayor, tuo money to be
rerum ed if the bid is not accepted.
Bids may be for the whole, or any part, o f either
issue, and the right is reserved to reject any and all
bids, and to sell at this tune, to the nignest respon
sible bidder, $200,000 only o f refunding b.nus, or
such further amount In excess o f said sum as may
be deemed advisable.
Inform ation pamphlet, giving fu ll data, and pro
posal blanks, furnisned upon application to the
Mayor.
R. W . SPEER. Mayor.
C. S. ELD ER , Treasurer.
D enver, Colo., Dec. 5,19:14.
Blodget, Merritt & C o . ,
BANKERS,
S Congress Street, Boston.
©
36 NASSAU STREET. MEW T O R E .
STATE, CITY & RAILROAD BONDS.
M U N IC IP A L BONDS.
E. O. S t a n w o o d
& Go.,
BAN KER S,
95 Milk Street,
BOSTON.
THE CHRONICLE.
D e c . 1 7 ,1 9 0 4 .]
Warroad, Roseau Co,, Minn .—Bond Offering .—Proposals
will be received until Jan. 15 (this day falls on Sunday, but
it is so given in the advertisement,) by John A. Larsen, Vil
lage Recorder, for $7,500 1% coupon bonds. Authority, elec
tion held. Dec. 3, 1904. Denomination, $500, Date, Jan. 15,
1905. Interest, semi-animal. Maturity, Jan. 15, 1915.
Wayne,Mic-h.—Bonds Not Yet Awarded—No award has yet
been made of the $8,000
electric-light bonds mentioned
in V. 79, p. 2488 and 2168, We are informed, however, that
it is likely a report on the bids will be rendered at the Coun
cil meeting to be held Dec. 20. The following is a list of the
bids submitted:
N. W . Halsey & Co., Chicago. .$8,050 oo
W. J. H ayes * Sou a, Clay b . . ,. 8,038 00
8. A. Kean, Chicago................ 8.032 O
O
Seasoneood & Mayer, Cincin.. 8.025 C
O
N. W. Harris & Co., Chic........ 8.< 22 50
F. T. Sherman Co., C hicago... 8 /0 8 08
Wayne Savings Bank............... >-,000 00
.M. Holmes & Co , Chicago.. 8,000 00
Fuller, Parsons & Snyder,
C leveland................................ $8,200 80
A . K leybolte & Co., Cincin ... 8,170 40
Thos. J. Bolger Oo., Chicago.. 8 /3 7 60
John Nuveen & Co.. Chicago,. 8,108 50
Noble, Moss & C o .. D etroit— 8,i81 50
Trowbridge & Niver C o- Chic. 8.081 00
H. H . Bolling & Sons, Chic... 8,0:500
Wheatland, V L—Bond sale.—Oa Dm. 5 $2j,oOO 5$ 1-49-
year (serial) water-system bonds were awarded, to he
Adams-Phillips Go. of Los Angeles at 101 and interest. Danomination, $503. Dufce, July 1. 1904. Interest semi-animal.
Wheaton, 111.—Bond Sale.—W e are informed that the city
has sold to date $S6,0C0 secer and $36,000 drain bonds, or
$72,000 in all of the $75,000 5# 1-10-year (serial) bonds voted
last spring. The purchasers in each case were citizens of
Wheaton and surrounding villages and the price paid, par.
Wilkes-Barre, Pa.— Bond Offering.— Further details are at
hand relative to the offering on D>c. 21 of $408,000 i% city
bonds for street paving, for sewer construction and for other
improvements. Proposals for these bonds will be received
by Fred H. G-ates, City Clerk, until 12 M, on that day. De
nomination, $1,000. Interest, Jan, 1 and July 1, Maturity,
$15,000 yearly from 1911 to 1922,inclusive; $16,000 yearly from
1923 to 1930, inclusive; $20,000 yearly 1981 to 1935, inclusive.
The bonds are to be delivered $50,000 July 1, 1905, and in
blocks of not less than $50,000 up to Dee. 1, 1907, at such
times as money may be needed for the work. Separate bids
are also asked for $149,000 of the bends, covering those ma
turing from 1919 to 1927, inclusive, to be delivered $40,000
July 1, 1905, $50,000 Sept. 1, 1905, and $50,000 Nov. 1, 1905.
Certified check for $10,000, payable to the Treasurer of the
city of Wilkes-Barre, required.
BOND
N E W YORK
CITY
3 % and 3 l %
A
T A X E X E M P T BONDS.
& OO.,
2 Wall Street, New York.
-INVESTMENT BONDS.
SEND FOR LIST.
(DENISON, PRIOR & O O
BOSTON.
/. CLEVELAND.
6 -----------------
iN VESTM EN T BOND!
• ;
.
. .
Yellowstone County (P. 0. Billings), Moat,— Bond Qffering, —Proposals will be received until 12 m , Jan. 10, 1935, by
J, W. Fish, County Clerk, for $35,000 4$ bridge-construction
bonds. Authority, vote 1.244 to 464 at election held Nov. 8,
19G4. Denomination, $1,090, Date, Jan. 1, 1995. Interest,
semi-annual iy at the office of the County Treasurer or at the
American Exchange National Bunk, New York City, Matu
rity, Jan. 1, 1925, subject to call after Jan. 1,1915. Five per
cent guaranty required with bids.
THE
AMERICAN
•
& SAVINGS BANK,
Chicago, Illinois.
Municipal and Cor
poration Bonds, conservatively issued,
E. H. ROLLINS & S O N S ,
171 L A
SALLE
MacDonald, McCoy & Oo,,
M J M /C /P A L
AM D
CO RPO RAT IO N
159 La Salle St., Chicago.
C IT Y C O U N T Y
AND TOWNSHIP
Engravers and Lithographers.
(Telephone.)
BONDS,
T. B. POTTER,
BHandsomely m T C Esteel-plateIC A T E S C O R P O R A L I O N
O N D S engraved; R T IF effect. Also M U N IC IP A T and
the cheaper kind, partly lithographed and partly
BOSTO N .
STREET,
Tr owbridge & Niver Co.
ALBERT B. KING & CO., 112 W illiam St., N .Y .
Interest Paid on Dailv and Time Deposit*.
Municipal Bonds,
H. C. Speer & Company
printed from type. 100 Stock Certificates, $3 to
$25; the latter engraved with steel-plate borders
—elegant. Seal Press, if with Certificates, $1 50.
I NASSAU STREET, NEW YORK.
Public Service Corporation
R R. FULTON & CO.,
BONDS.
E s t a b lis h e d 1 8 8 5 .
lot
M U N IC IP A L, R A I L R O A D and
S T R E E T R A IL W A Y
BONDS.
AND
s7i La Salle Street, Chicago.
BOSTON,
60 State Street.
DEALERS IN
M U N IC IP A L
BOSTON .
BONDS.
BANKERS,
P rinted lists and prices upon
application.
BONDS*
CHICAGO,
Nat. Bank E dg.
Rudolph Kieyboite&Co.
yielding investors 4% to
60 State Street,
MUNICIPAL AND PUBLIC SERVICE
IN V ESTM EN TS.
TRUST
________C H I C A G O .
Perry, Coffin & Burrs
-
W. R .T o d d A Co., Cincinnati,$*1,251 00 I LamprechtBros.SCo..Cleve.$50,807 00
P. 8. Briggs & Co., C in cin .,.. 51,015 00 |Ssasongood A M ayer, Cinoin. 60,781 Oo
DEPARTM ENT.
Offers Railroad,
T. W. S T E P H E N S
Winchester, Ya .—Bond Offering.— Proposals will be re
ceived until 11 A. iii, Ddc. 21, by G, H. Kinzel, City Treas
urer, for $38,000
coupon redemption bonds. Denomina
tion, $500, Date, Jan. 1, 1905. Interest, semi-annually in
Winchester. Ma'urity, 1924, subject to call after 10 year?.
Weed County (P. O. Bowling Green). Ohio.— Band Offer
ing.—Proposals will be received until 12 M., December 26, by
B. C. Harding, County Auditor, for $>0,000 5# coupon high
way-improvement bonds, maturing $5,000 each eiz mentis
from March 1, 1905, to Sept. 1, 1909, inclusive. Dane: mi na
tion, $1,000. Date, Jan. 2, 1905. Interest, March 1 and S ptember 1 at the office of ths County Treasurer. Aceru-d
interest to be paid by purchaser. Certified check fer $1,000
on a Bowling Green bank required. Purchaser will b j re
quired to furnish blank bonds.
Bond Offering.—Proposals will also be received until 12 m ,,
Jar?. 2, 1905, by B, C Harding, County Auditor, for $50,000
5? coupon highway-improvement bonds, maturing $5,000
each six months from March 1, 1905, to Sept. 1,1909, inclu
sive. Denomination, $1,000. Date, Feb. 1, 1905. Interest,
March 1 and September 1 at the office of the County Treas
urer. Accrued interest to bs paid by purchaser. Certified
check for $1,000 on a Bowling Green bank required. Pur
chaser will be required to furnish blank bonds, This issue
must not be confused with the $50,000 offering to take place
on D o. 26 as given above.
Xenia, Ohio.—Bond Bale.- O n Dec, 14 the $50,000
Main Street paving bonds described in V. 79, p. 2488, were
awarded to W . R. Todd & Go., Cincinnati, at 102*592 and in
terest, Sixteen bids in all were received, of which the fol
lowing were the highest:
IN V E S T M E N T S .
INVESTMENTS.
2711
BONDS,
172 Washington Street,
CHICAGO, - - • I L L S
L18T ON APPLICATION.
Denver.
Chicago.
San Francisco,
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
B o u g h t a n d S o ld .
W . J. H A Y E S & S O N S ,
CLEVELAND.
H ID .
B08T0W . 71*88.
ENGINEERS. ____
PL 1VL Byllesby & Co*,
INCORPORATED.
E N G IN E E R S .
DESIGN, CONSTRUCT AND OPERATE
R A IL W A Y LIGHT, POW ER AND
H Y D R A U L IC PLANTS.
Examinations and Reports.
New York Life Building, CHICAGO, ILL.
2712
THE CHRONICLE.
ffitmtucial.
[VOL. L K X 1 I
Qvnst (Companies.
i n
---------- §•*
T he A m e r i c a n M f g . C g
MANILA 8I8AL AND JU TE
CORDAGE.
65 Wall
Street,
N EW Y O R K
n v
New
York.
TRUSTEES:
James H. Hyde,
H. O. Doming,
E. H. Harrlman,
H. O. Frick,
O. B. Alexander,
William H. McIntyre,
T. H. Hubbard,
©age E. Tarbeu,
John F. Dryden,
T. De Witt Oayler,
D. H. Moffat,
Lawrence L. Gillespie,
Clarence H. Mackay,
William H. Baldwin Jr,r
SL William C.Van Horne
Ohauncey M. Depew,
W. B. RanMne,
W H IT IN G ’ S P A P E R S.
F o r B u s in e s s C o r re s p o n d e n c e ,
W hether for letter written with your own hand, 01
fcyithe typewriter, are UNEQUALED. Their quality
U assured and they have w on highest honors at all
the great W orld’s Fairs. For high grade writing
papers o f all kinds, fo r bond papers, and fo r ledge?
papers, insist on having them made by the
Solicits
President.
James H. Hyde,
Vice-President.
L. L. Gillespie,
Vice-President.
F. W . Fulle,
Sec. and Treaa.
Lyman Rhoades Jr.,
Asst. Secretary.
H M, Walker,
=
Asst. Treasurer,
Deposits ot Individuals and
C A P I T A L , $3,0 00 ,0 00 ,
SURPLUS. &9,0^0,'000,
Witmutlnl.
Chicago.
ATLANTIC MUTUAL INSURANCE COMPANY,
O F F IC E
R E A D Y J A N . 15.
H A N D -B O O K
OF
Railroad
Corporation
Interest on Dally Balances,
H OLY OKE. M ASS.
Philadelphia.
TRUSTEES
J. W. Alexander,
V. P. Snyder,
Otto H, Kahn,
James Henry Smith,
Geo. H. Squire,
BradlBh Johnson,
William Alexander,
Alvin W. Krech.,
M. Hartley Dodge,
H. M. Alexander,
S. M. Inman,
Frederic R. Coudert,
B. H. Porter Jr.
W. H. Crocker,
C. F. Adams 2nd,
John M. Hall,
Edward M House,
L, F. Loree.
Alvin W . Krech,
W H IT IN G PAPER C O M P A N Y ,
New York.
EQUITABLE BUILDING.
15 NASSAU S TR E E T
OF T H E
New York, January 20th, 1904.
The Trustees, in Conform ity with the Charter o f the Company, submit the follow ing statem ent o f
its a ffairs on the 3 1 st o f December, 1903 ;
Premiums on Marine Risks from 1st January, 1903, to 31st December, 1 90 3...
Premiums on Policies not marked off 1st January, 1 9 0 3 .......... ............................
$3,174,147 73
800,368 56
Total Marine Premiums................... ............ .................................................................
$3,974,516 29
Securities.
(Issued Semi-Annually by the Publishers of the
Commercial & Financial chronicle .)
Premiums marked off from 1st January,1903, to 31st December, 1903............. $3,250,364 45
Interest received during the year........................... $336,185 20
-------------------- Rent
«
“
“
less Taxes..........
111,923 77
$448,108 97
Losses paid during the year which were estimated
in 1902 and previous years..... ....................... . $322,490 79
Losses occurred, estimated and paid in 1903........ 1,065,141 83
JANUARY EDITION.
C O N T E N T S :
R a ilr o a d S ecu rities.—Statement showing
outstanding Stocks and Bonds and also the
Income for a series of years past, as well as
the amount applicable to interest charges, of
Railroads whose securities are commonly
sold in the markets of New York, Boston,
Philadelphia and Baltimore.
H ig h e s t a n d L o w e st P rices—
NEW YORK—Railroad and Miscellaneous
Bonds and Stocks. Monthly for calendar
years 1903 and 1904.
PHILADELPHIA — Railroad and Miscel
laneous Bonds and Stocks. Monthly for
year ending December 31,1904.
BOSTON—Railroad and Miscellaneous Bonds
and Stocks. Monthly for year ending
December 31,1904.
Y e a rly R a n g e o f P ric es—Yearly Range
of Active Stocks made in the years 1901,
1902, 1903 and 1904.
D iv id e n d s.—Dividends on Railroad Stocks
sold at the Exchanges In New York, Bos
ton, Philadelphia and Baltimore, paid dur
ing each of the years 1898 to 19C4, In
clusive.
Dividends on Leading Industrial Stocks dur
ing eaoh of the years 1898 to 1904, in
clusive.
Less Salvages........................
Re-insurances.......................
$146,587 55
64,028 75
$1,387,632 62
210,616 30
$1,177,010 32
Returns of Premiums and Expenses, $467,841 97
The Company has the following Assets, viz.:
United States and State of New York Stock; City, Bank and other Securities....... $5,170,084 00
fipeeial deposits in Banks and Trust Companies.................... ....................................
1,612,252 53
Real Estate corner Wall and William Streets and Exchange Place... $3,789,000
Other Real Estate and Claims due the Company.................................
75,000 3,864,000 00
Premium Notes and Bill Receivable...........................................................................
Cash in the hands of European Bankers to pay losses under policies payable in
foreign countries................................................. ........................................................
ash in Bank........................................................................................................... .........
1,107,221 88
182,001 68
89,461 72
.$12,025,021 81
Amount.
©tx per cent interest on the outstanding certificates of nrofits will be paid to the holders
Hereof, or their legal representatives, on and after Tuesday,"the second of February next.
The outstanding certificates of the issue of 1 8 9 8 will be redeemed and paid to ihe holders
thereof, or their lega, representatives, on and after Tuesday, the second of February next, from
which date all in te r e s t thereon will cease. The certificates to be produced at the time of
payment, and canceled.
A dividend of F o r ty per cent is declared on the net earned premiums of the Company
for the year, ending 31st December, 1903, for whioh, upon application, certificates will be issued
on and after Tuesday, the third of May next.
By order of the Board,
.
.l : ■
.
'
GUSTAV AMSINCK,
F . lANCIS m . b a c o n ,
JOHN N. BEACH.
W ILLIA M B. BOULTON
7ERNON EL BROWN,
WALDRON P. BROW N ,
RiSEPH H . CHAPM AN.
G tO R G B C. CLARK.
COtNTCLIUS E LD E R T,
BWAfct) FLEJT-MANN,
G . S T A N T O N F L O I B -J O N 'E S , S e c re ta ry .
TR USTEES.
L E V I P. MORTON,
H E N R Y PA R ISH ,
FREDERIC A. PARSONfB
D A LLA S B. P R A T T ,
GEORGE W . QUINT ARIL
A . A. RA VEN .
JOHN L. HIKER,
DOUGLAS ROBINSON,
G USTAV H . SCHW AB.
W IL L IA M C. STUEGEgi,
H E R B E R T L. GRIGGS.
CLEMENT A . GH1SCOM,
ANSON W . H ARD,
MORKiS K. JKSUP.
LE W IS CASS LK D Y A R D ,
FRANCIS H. LEGGETT,
CH ARLES I). LEV ERICH,
L E A N D E li N. LOVELL,
GEORGE H. M ACV,
CH ARLES H. M A RSH ALL,
W . H. H , MOORE,
A. A. RAVEN, President.
F. A. PARSONS, Yiee-Pres’ t.
CORNELIUS ELDERT, 2d Yiee-Preftc
THEO. P. JOHNSON,yd Y i c e - F ^ t .
TERM S i
P rice o f Sin gle Copies,
$1 0 0
T o Su bscribers ot tlte OUronicIe,
75
To Bankers and Brokers, tn quantities, with thaSr
cards lettered In gilt on the cover, at special rates.
WILLIAM B. DANA COMPANY
Pine Street, coi. Pearl Street New York,
Atlantic M u tual Insurance Company Berts
of A ll Y ea rs Bought and Bold,
JOHN M. GILLESPIE,
Boom No. 518 Atlantic Building,
49-51 Wall Street,
NEW YORE.
FOR SALE:
Set of Kew York Tribune,
1S81
TO
BATE.
Earlier years bound in three months volumes.
Address,
W M . B . DAN A C O M PAN Y,
70)4 Pine Street, New Y ork C ity.
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