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GENERAL LIBRARY}
UNIV. OF MICHLi
DEC S71910
The
otmtmrial f
rani dp
INCLUDING
Electric Railway Section
State and City Section
Railway & Industrial Section
Bankers* Convention Section
Quotation Section
Railway Earnings Section
Bank &
Entered at N. Y. Post Office as second class mail matter.
Copyrighted in 1910, by William B. Dana COMPANY, New York.
NEW
VOL. 91.
NO. 2374.
YORK, DECEMBER 24 1910.
financial.
gittawxial.
THE FARMERS’ LOAN & TRUST
COMPANY
Foreign Exchange, Cable Trantfert,
Lotteri of Credit, Payable through¬
■
Harvey Fisk & Sons
BANKERS
Government,
depositary for
and la author-
The Company la a legal
Administrator,
Truatee, Guardian, Receiver, and In all
•ther fiduciary capacities.
Acta as Trustee under Mortgages made
by Railroad and other Corporations, and
Transfer Agent and Registrar of Stocks
and Bonds.
Receives deposits upon Certificates of
Deposit, or subject to check, and allows
interest on dally balances.
Manages Real Estate and lends money
LIBERTY
THE
Railroad
and
Municipal Bonds
out the world
money* paid Into Court,
lied to act aa Executor.
YORK
NEW
INVESTMENT SECURITIES
PHILADELPHIA, represented by
JAMES H. CHAPMAN. 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
218 La Salle St.
BOSTON, MASS., represented by
JOHN B. MOULTON. $5 Congress St.
BANK
NATIONAL
OF NEW YORK
IN BROADWAY
aa
•n
.
bond and mortgage.
Will act as Agent In the transaction of
approved financial business.
Depositary for Legal Reserves of State
Banks and also for moneys of the City of
any
New York.
Fiscal Agent for States. Counties
(Titles.
and
16-22 WILLIAM STREET
475 FIFTH AVENUE
The National Park Bank
of New York
Organized 1856.
Capital
Surplus and Profits
Deposits Nov. 10,1910
.
.
.
$5,000,000 00
12,550,163 20
99,481,630 21
RICHARD DELAFIELD,
President.
GILBERT G. THORNE.
JOHN C. MoKEON.
Vice-President.
Vice-President.
JOHN C. VAN CLEAF.
Vice-President.
NEW YORK
MAURICE H.
EWER.
Cashier.
PARIS
LONDON
WILLIAM A. MAIN.
Asst. Cashier.
FRED'K O. FOXCROFT. Asst. Cashier.
WILLIAM O. JONES.
Asst. Cashier.
N. W. HARRIS & CO
BANKERS
Pint Street, Corner William
NEW YORK
80 Federal St.. Boston
Receive
deposits subject to check
and
allow
Act
a*
p&lities
letter*
Interest
on
halanaea.
for muntoftand
corporation*.
laaue
of
credit
and
deal tn
fiscal
agents
BONDS FOR INVESTMENT
LIST ON
APPLICATION
Members of Richmond and Baltimore Stock
Exchanges.
John L. Williams & Sons
Edward B. Smith Sc Co.
BANKERS
THE
Comer 9th and Main Streets
MECHANICS AND METALS
RICHMOND, VA.
NATIONAL BANK
Baltimore Correspondents:
MIDDENDORF. WILLIAMS A CO.
Capital, f 1,000,900
N. B. Cor. Broad ft Chestnut St*..
Surplus,
•
-
-
-
-
-
$6,000,000
- 6,000,000
Phttadelebta
ST Pine Street. New York
Surplus, $1,000,000
RITEL W. POOR. President
JAMES McCUTCHEON. VIoe-Pres
WILLIAM L. DOUGLASS. Cashier
ARTHUR W. SNOW. Asst. Cashier
Chase National Bank
Clearing House Building
Cap. ft Surp., $11,706,779
SECURITIES
Member* New York and Phila. Stook Exchan as
Capital,
Corner 5th Ave. and ISrd St.. New York.
INVESTMENT
83 Wall Street
GARFIELD NATIONAL BANK
Fifth Avenue Building
BANKERS
ORIGINAL CHARTER 1829
THE
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
OF RAILROAD, GAS AND ELECTRIC
OF THE CITY OF NEW YORK
Dep.. $96,750,173
A. B. HEPBURN. President
4. H.
Wig gin, V.-Pres. C. C. Slade. Asst. Cash.
5. H. Miller. V-Pree.
E. A. Lee. Asst. Cashier.
S. M. Cookey. Cashier. W. E. Purdy. Asst. Cash.
A. C. Andrews. Asst. Cashier.
LIGHT AND POWER COMPANIES
109-111 SOUTH
FOURTH STREET
PHILADELPHIA
Capital
.... $1,000,000
Surplus and Profit* (earned)
2,450,000
OFFICERS
THE
EQUIPMENT OF THE
FOURTH
NATIONAL
SAMUEL WOOLVERTON, President
ADRIAN ISELIN JR.. Vice-President
BANK
OF THE CITY OF NEW YORK
GEORGE E. LEWIS. Cashier
First National Bank
-CORNER NASSAU AND PINE
STREETS—IS
Philadelphia
ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS.
of
316
HOWELL T. MANSON. Asat. Cashier
CHESTNUT STREET
ACCOUNTS
INVITED
DIESCT0B8
Adrian Iselln Jr.
Chas. A. Pet
Frederic W. Stevens
Samuel Woolve? ton
Alexander H. Stevens
Charles ri
W. Emton Roosevelt
Thomas Denny
body
Tweed
II
THE CHRONICLE
[VOL.
LXXXXI.
^atxtuevs and $x*m»xs of |*crceigtt gjecTxangc.
I. P. MORGAN & CO. Maitland, Coppell & Co., Kidder, Peabody & Co.,
DOMESTIC AND FOREION BANKERS
Wall Street
52 WILLIAM STREET
NEW YORK
Corner of Broad
NEW YORK
DKHXEL & CO-
PHILADELPHIA
Corner of 5th and Chestnut Streets
■ORGAN. GRENFELL & CO., LONDON
Bills of Exchange, Telegraphic
Letter§ •/ Credit
HARJES^
&
CO.,
Tranefert,
BANKERS
INVESTMENT SECURITIES.
FOREIGN EXCHANGE.
on
PARIS
81 Boulevard Haussmann
Deposits received subject to Dratt
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange. Commercial Credits
Cable Transfers
OlOUiar Litters for Travelers available In all parts
of the world
Union
of
&
London
Smiths
Bank.
London,
Limited.
Messrs. Mallet Freres & Cie., Paris.
Banco Nadonal de Mexico
And Its Branches.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
LETTERS OF CREDIT
Correspondents of
BARING
BROTHERS
PHILA.
NEW YORK.
BOSTON,
OCCUritlCS
Firms and Individuals
on favorable terms.
Collect
drafts drawn abroad on all points In the United
States and Canada; and drafts drawn In the United
States
foreign countries, including South Africa.
INTERNATIONAL CHEQUES.
on
CERTIFICATES OF DEPOSIT.
Letters
i
flT
I
Buy and sell Bills of Exchange
and make cable transfers on all
Points.
NEW
BANKERS.
No. 23 NASSAU STREET.
Members New York Stook Exchange.
BROWN, SHIPLEY & CO.. LONDON
YORK
.
Buy and Sell Investment Securities
Issue
Agents and Correspondents of the
Messrs.
ROTHSCHILD.
London, Paris and Vienna.
ISSUE LETTERS OF CREDIT
DRAW BILLS OF EXCHANGE AND MAKB
for Travelers
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE AND CALIFORNIA
Available in all parts of the world.
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE. Cuba, and the
other West Indies, Mexico and California.
Execute orders for the purchase
Bonds and Stocks.
and
Letters of Credit for Travelers.
Available in all Parts of the World
sale
of
Issue Commercial and
Travelers’ Credits, available In
CV1H aji
parts of the world.
Seligman & Co.,
BANKERS
August Belmont & Co.,
_
tlons,
LTD
TRAVELERS’ LETTERS OF CREDIT
Available throughout the United States
59 Wall Street
ALEX. BROWN & SONS. BALTIMORE.
Connected by Private Wire.
lfems N. Y., Phila., Boston & Balt. Stock Exch’s.
Buy and sell first-class Investmeat Securities on com- I nT/pctmpnt
mission.
Receive accounts Ally 1*011.111*111
of Banks. Bankers, Corpora- n
*
00.
ft
LONDON
J. & W.
Brown Brothers & Co.,
STREET, BOSTON
STREET, NEW YORK
56 WALL
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
No. 22 Old Broad Street
3 ORGAN,
115 DEVONSHIRE
Seligman Brothers, London
Seligman Frereo & Cie., Boris
Alsberg, Goldberg & Co., Amsterdam
The Anglo and London - Baris NaH
Bank of San Francisco, Cal.
Graham, Vaughan & Co.,
44 Pine Street, New York.
TAILER&CD
27 Pine Street, New York
BANKERS
IRetondaCo.
INVESTMENT SECURITIES
BANKERS
31-33 Pine
MEMBERS NEW TORE STOCK EXCHANGE
507 Chestnut Street. Philadelphia.
BANKERS
Lawrence Turnure A Co.
INVESTMENT
Umbers of the New York Stock Exchange
Winslow, Lanier & Co.,
64-66 Wall Street, New York
Deposits received subject to draft.
Interest al¬
lowed on deposits.
Securities bought and sold on
commission. Travelers’credits,available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections In and
Issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank,
Limited.
Paris Bankers:—Heine & Co.
59 CEDAR STREET
Produce
BANKERS
Beueeits Received Subject to Draft. Interest
Allowed on Deposits.
Securities
Bought and Sold on
Commission.
Foreign Exchange, Letters of Credit
of
Credit and Travelers’
available the world over.
Bills of
Cheques,
Exchange and Cable Transfers.
Deposits
received subject to cheque
Interest allowed on deposits.
end
Members New York Stock Exchange.
Securities bought and sold
Act
as
Fiscal
on
commission
Agents.
Dealers In High-Grade Investment Seourlttos
Lists upon application.
NEW YORK
NEW YORK
Cablet ”Mimota.”
Letters
Bankers
SECURITIES
?
Street, New York
624 Fifth Ave., N. Y.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Capital
...
Surplus earned •
Foreign
Exchange
$1,000,000
500,000
bought
sold.
and
Graham & Co.
Cable
Transfers.
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
BANKERS
485 Chestnut Street
ACCOUNTS INVITED
PHILADELPHIA
Kean, Taylor & Co.
HEIDELBACH, ICKELHEIMER & CO.
BANKERS
37 William Street.
Government
Securities
and
of
Municipal Bonds
Railroads, Street
Railways and Gas companies
BANKERS.
of established value.
MEMBERS N. Y. STOCK EXCHANGE.
30
PINE STREET, NEW YOQK.
Tvmtact
a
General Foreign and
Domestic
Banking Business
Dealers in Investment Securities
John Munroe & Co.,
MBW YORK
BOSTON
Letters of Oredit for Travelers
mental Credits.
Foreign Exchange,
Cable Transfers.
MONROE & 00., Parif
Execute orders for purchase and sale of
Stocks and Bonds.
Foreign Exchange Bought and Sold.
Act
as
Financial Agente
Issue Foreign and Domestic Letters
Credit and Travelers’ Cbeaoes
Issue Commercial and Travelers’ Credits
available in all parts of the world.
Schulz & Ruckgaber,
BANKERS.
15 William Street,
Members New
-
York
-
Stook
-
-
Knauth, Nachod&Kiihn
BANKERS
New York
Exchange.
Correspondents of Messrs.
Frubllng at Goschen, London.
John Berenberg-Gosolcr & Co., Hamburg.
MarcUard. Mejrer-Borel & Cie., Paris.
Bremer Bank Fillaie der Dresdner Bank,
Bremen.
Issue Commercial <S» Travelers’ Credits.
Buy and Sell Bills of Exchange.
Cable Transfers A Investment Securities
NEW YORK
LE1PSIG, GERMAN
Members New York Stock
Exchange.
INVESTMENT
SECURITIES
Deo
THE CHRONICLE
24.1910.]
HI
Yankees.
Millett.Roe & Hagen
Lee, Higginson&Co.
BANKERS
Wm. A. Read & Co.
BOSTON
Dealere In
Members New York. Chicago and Boston
HIGH-GRADE BONDS
Stock Exchanges.
HIGGINSON &. CO.
I Bank
New York
BANKERS.
Chicago
New York
S3 Wall Street
Members New York Stock
Buildings, Prince’s Street,
LONDON. E. C.
Investment Securities
Exchange
Boston, 15 Congress Street
25 NASSAU STREET,
NEW YORK
Plympton,Gardiner&Co.
BOSTON
BALTIMORE
CHICAGO
N. W. HALSEY & CO.
Bankers
LONDON
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed
Conservative Investments
Fiscal Agents
on
Deposit Accounts
for Cities and Corporations
LISTS ON REQUEST
27 William St., New York
54 Old Broad Street,
LONDON, E. C.
132 La Salle Street
CHICAGO
Rhoades&Company
40
Wall Street, NEW YORK
Philadelphia
Chicago
San Prancisce
BANKERS
45 WALL STREET, NEW YORK
George P. Butler & Bro.
SB Wall Street
Members N. Y. Stook Exohange
Hifb-6rade Bonds
Trowbridge & Co.
State,
Municipal
and
NEW YORK
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BANKEBS
Members New York Stock Exchange
Members New York Stook Exohange; Execute
Commission Orders; Deposits received subject to
draft.
Cor. of Wall and Broad Sts.. New York.
Letters of Credit and
Bonds and Stocks
Travelers* Checks
Available
for Investment
Throughout the World
HARTFORD—20 Pearl Street
NEW HAVEN
NEW YORK
111
134 Orange St.
Broadway
Goldman, Sachs & Co.
BANKERS
BOSTON
Members of New York & Chicago Stock Exchanges
Blake Brothers & Co.
NEW YORK
Execute orders for purchase and
sale of
Stocks and Bonds
Buy and Sell Foreign Exchange.
CABLE ADDRESS. “COLDNESS”
14 State Street,
BOSTON
Issue
Dealers In
NEW YORK CITY
Members New York & Boston Stook Exchanges
Commercial and Travelers’
Letters of Credit
Dominick Bros. & Co.
49 WALL STREET. N. Y. CITY.
Members New York Stock Exchange.
COMMISSION BROKERS
In Railroad,
Municipal and Industrial Securities
Inquiries and correspondence receive prompt and
courteous attention.
OFFICIAL
QUOTATION SHEET WILL BE SENT
REGULARLY ON REQUEST
Available In all parts of the world.
and other MUNICIPAL BONDS
COMMERCIAL PAPER
INVESTMENT SECURITIES
Tel. 6570-1-2 Hanover
Cable Address. Domino. N. Y.
CHICAGO
Exchange Place,
Draw Bills of Exchange and make Cable
Transfers to Europe, Asia, Australia, the
West Indies, Central and South Americ and
Mexico.
Issue Letters of Credit for Travelers, avail*
able in all parts of the world.
60 WALL STREET. NEW YORK
54
H. B. HOLLINS & CO.
DEALERS IN
Investment
Securities
mnd
Cetnmerciml Pmpcr
Wollenberger & Co.
BANKERS
Zimmermann & Forshay
BANKERS
Specialists in
Foreign Government Bonds
Correspondence Invited.
• and 11 Wall Street. New Yerk.
BOISSEVAIN & CO.
Membera New
24 BROAD STREET.
ment or on
TRANSACT A GENERAL BANKING
STOCK EXCHANGE BUSINESS.
CHICAGO
bonds for Invest¬
margin.
BIRD 8. COLER
Members New York Stook Exohange.
Adolph Bolssevain & Co..
Amsterdam. Holland.
-
-
York Stock Exchange.
Orders executed for stocks and
NEW YORK.
206 La Salle Street
LEONARD H. HQ*1
Fortin Exctage Boogkt ant Sait
W. N. COLER & CO.
Letters of Credit Issni
BANKERS
AND
Cable
Transfers
to
all
Parts of
the World.
43 CEDAR ST., NEW YORK
INVESTMENTS
BOND & GOODWIN
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
Members New York Stock Exchange
and Boston Stock Exohange.
85 Congress St
BOSTON
111 Broadway
NEW YORK
184 LaSalle St.
CHICAGO
CIUMP, NITCIEU t aula
BANKERS
1411 Chestnut St.
Philadelphia
Members New York and PhUa. Stook Exchanges
New York Cetton Exchange
Investment Securities
Shoemaker, Bates & Co
BANKERS
fNew York Stook Exchange
Members {New York Cotton Exchange
l Chicago Stock Exohange
INVESTMENT SECURITIES
37-43 Wall Street, New York
500 Fifth Ave„ New York
r?
THE CHRONICLE
[VOL.
LXXXX1
WoxtiQn.
DEUTSCHE BANK The Union Discount Co* BANK OF MONTREAL
(B.UbUib.d 1817)
BERLIN W
of London, Limited
CAPITAL
Behrenstraase 9 to IS
paid in
89 CORNHILL.
CAPITAL
M. 200.000.000,
447.819.000
Capital Subscribed
Paid-Up
425.172.895
Reserve Fund
RESERVE
87,600.000
2.900.000
NOTICE IS HEREBY
GIVEN that the
RATES OF INTEREST allowed tor money on
deposit are as follows:
At Call, 3 Per Cent.
BREMEN,
HAMBURG.
LEIPSIC.
MUNICH.
NUREMBURG, AUGSBURG.
WIESBADEN.
BRUSSELS. CONSTANTINOPLE
NEW YORK OFFICE,
The Company discounts approved bank and
acceptances, receives money on de¬
posit at rates advertised from time to time, and
grants loans on approved negotiable securities.
«
CHRISTOPHER R. NUGENT. Manager.
4 George Yard, Lombard St..
LONDON, E. 0.
HEAD OFFICE
BANCO ALEMAN TRANSATLANTIC
With Branches In all the Principal Cities and
Towns of England and Wales.
(Deutsche Ueberseelsche Bank.)
Telegraphic Address: Cinnabar, London.
(55.367.000)
-
M. 22,500.000.
RESERVE FUND
M.
(51.625.000)
6,827.000.
HEAD OFFICE
SUBSCRIBED
CAPITAL, $95,741,700
CAPITAL, 19,946,187
RESERVE FUND, - 17,951,568
PAID-UP
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
Kanonlerstrasse 20 to 30.
Branches:
ARGENTINA: Bahla-Blanca. Buenos
Cordoba. Mendoza, Tucuman.
BOLIVIA: La Paz, Oruro.
0HILI: Antofagasta, Concepcion,
throughout the Dominion of Canada.
London Office. 47 Threadneedle St., E. C.
F. WILLIAMS TAYLOR. Manager.
HEAD OFFICE MONTREAL
CAPITAL
Restand Undivided Profits
NEW
ESTABLISHED 1836
BERLIN
and Cable Transfers: grant Commercial and Trav¬
elers' Credits, available In any part of tbe world;
Issue drafts on and make collections in Chleago sad
Merchants' Bank of Canada
6 Threadneedle Street, London, England.
(87,148.000)
R. Y. HEBDEN,
1
W. A. BOG.
[Agent*.
J. T. MOLINEUX J
Buy and Sell Sterling and Continental Bxehangt
The London City &
Midland Bank, Limited,
Deutsche Bank (Berlin) London Agency
M. 30.000.000.
64 WALL STREET
mercantile
and the
fUBSCRIBED CAPITAL-
Rt. Hon. Lord Strathcona and Mount Royal.
G. C. M. G., G. C. V. O.—Honorary President
R. B. ANGUS, President.
Sir Edw. Clous ton. Bart.—V.-Pres. is Gen. Mgv
At 8 to 7 Days' Notice, 3/4 Per Cent.
Brandies:
DRESDEN, FRANKFORT-O-M.,
PAID-UP CAPITAL
Head Office—Montreal
55= £1 STERLING.
Dividends paid during last ten yean:
II, 11. 11. 11. 12. 12. 12. 12. 12. 12 tt per oent
-
8.760.000
—
M. 105.726.184.
<14,400,000 00
13,000,000 00
UNDIVIDED PROFITS,
681,561 44
-
BEST,
Telegraphic Address, Udlsoo. London.
YORK OFFICE.
56.000.006
4.602.167
63 and 65 Wall St.
W. M. RAMSAY.
1 Agents.
C. J. crookalL. )
155 branches In the Provinces of Quebeo, Ontario.
Manitoba, Saskatchewan. Alberta and British
Columbia. Good facilities for effecting prompt col¬
lections in Canada. Buy and sell Sterling Exchange
and Cable Transfers, issue Commercial and Trav
elers’ Credits available In any part of the world
London Agents—The London Joint Stk.Bk., Ltd
Canadian Bonds
Aires.
MUNICIPAL AND CORPORATION
Handels-Gesellschaft,
URUGUAY: Montevideo.
iPAlN: Barcelona. Madrid.
46 Threadneedle
St.,
LONDON, ENQ.
6 King St., W..
TORONTO. CAN.
BERLIN, W.,64
Bills gent for collection, negotiated or
advanced upon.
WOOD, GUNDY & CO.
Berliner
Iqulque, Osorno.
Santiago. Temuco, Valdivia, Valparaiso.
PERU: Arequipa. Callao, Lima, Trujillo.
Behrenstraase 32-33 and Franzoslsche-Straase 42
Drafts, cable-transfers and letters
Canadian Bonds Bought,
Telegraphic Address—Handelschaft. BsrUn.
of credit issued.
Sold and
London Agents
DEUTSCHE BANK (BERLIN) LONDON AG’Y
GEORGE Y D. LOMBARD ST.. LONDON. E.C.
ESTABLISHED 1856
Appraised
W. Graham Browne & Co.
MONTREAL
Banking Transactions of Every Description
Direction der
D isconto-Gesellschaft,
ESTABLISHED 1661
Capital,
-
-
-
-
M. 110,000,000
Beeenre,
-
-
-
-
M. 34,500,000
l?0*jel0U.
VAN OSS & CO.
BERLIN W.. 48-44 Behrtmstrasse
BREMEN. FRANKFORT-o-M.. MAINZ.
THE
Place American Investments in Europe
HOCHST-o-M.. HOMBURG v. d. H..
POTSDAM. WIESBADEN.
LONDON. E. C..
Swiss Bankverein
Schweiserlscher
68 CornhiU.
Bankverein
Bankverein
Tel. Address. Voco.
Codes: Hartfleld's Wall St.. W. U. & Llebet
Suisse
Bftfli, Zurich, St Gall, Geneva
CAPITAL, fully paid,
-
M. 170.000.000.
BISEBVE
M.
60,092,611.
A. SCHOELLER,
I
M. SCHINCKEL.
Dr. A. SALOMONSOHN.
E.
F.
Agencies at Rorschach. Chlasso and Herlaau
$40,476,200
114,307,764
With the unlimited personal liability
Of the following partners:
RUSSELL.
URBIG.
LONDON OFFICE, 43
Capital paid
Surplus,
Brasilianische Bank
The
fUr Deutschland
CAPITAL-
M. 19 099.000 00
Head office: HAMBURG.
RIO DE JANEIRO. SAO PAULO.
Branohes:
SANTOS. PORTO ALEGRE. BAHIA.
Bank fur Chile und
Deutschland
CAPITAL-
M. 10.000.000 00
HAMBURG. WITH BRANCHES IN CHILH
(BANCO DE CHILE Y ALEMANIA), ANTOFA¬
GASTA. CONCEPCION. SANTIAGO. TBMUCO.
VALDIVIA, VALPARAISO. VICTORIA;
IN
BOLIVIA
(BANCO DE CHILE Y
BOLIVIAN A), LA
MANIA. SECCION
AN» ORURO.
LONDON AGENTS:
DIRECTION DER DISCONTO-GESELLSCHAFFT 53 CORNHILL. B. 0
HAGUE, HOLLAND
Lothbury, E. C.
....
National
Discount
.
CORNHILL.
-
-
-
-
LONDON.
Subscribed Capital
Reserve Fund--
E.
C.
521.166.625
4.238.325
2,200.000
(55= £1 STERLING.)
NOTICE
IS
HEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
_
At Call, 3 Per Cent Per Annum.
At 8 to 7 or 14 Days' Notice, 3/4 Per Cent.
Approved bank and mercantile bills discounted.
on deposit at rates advertised
time to time and tor flx*d periods upon
specially agreed terms.
Loans granted on approved negotiable securities
PHILIP HAROLD WADE. Manager.
Money received
from
WADE GARD’NER. Agent. 86 Wall St.
Wiener Bank - Verein
ESTABLISHED 1869
-
$26,342,069
-
(180.000.000 crowns)
Cable Address—Natdls: London.
Paid-up Capital.
NEGOTIATE OR COLLECT BILLS PAYABLE IN
CHINA. JAPAN, PHILIPPINES, STRAITS SETTLE¬
MENTS. INDIA.
CAPITAL (fully ptk!)
Company, Limited
35
BAN KINO CORPORATION
Paid-up Capital (Hong Kong Currency)
515,000,000
Reserve Fund]In Gold—815,000.000\
31.000.000
\In Silver-. 16,000,000/
Reserve Liabilities of Proprietors
15.000,000
GRANT DRAFTS, ISSUE LETTERS OF CREDIT,
Frs.75,000,000
Frs.22,500,000
up,
Hong Kong & Shanghai
RESERVE FUNDS
-
-
-
J7.900.9W
(99,000.000 crown.)
H1AD
OFFICE VIENNA
(AUSTRIA)
Austria-Hungary
Agram, Aussig a-E., Bielitz-Biela,
Brunn, Budapest, Carlsbad, Czernowitz, Friedek-Mistek, Graz, Innsbruck
Klagenfurt, Krakau, Lemberg, Marienbad, Meran, Pilsen, Prag, Przemysi,
Prossnitz, St. Polten, Tarnow, Teplita,
Teschen, Villach, Wr. Neustadt.
Branch in Turkey
Constantinople
Brunches in
THE CHRONICLE
Deo. 24 1910.]
ffiatta&tan.
▼
gSttfeCKS.
THE CANADIAN BANK
OF COMMERCE
Mackay & CO.,
HEAD OFFICE. TORONTO
$10,000,000
7,000,000
PAID-UP CAPITAL
NEW YORK OFFICE:
EM ward Sweet & Co.
Nos. 16 AND 18 EXCHANGE PLACE
Wm. Gray and C. D. Mackintosh, Agents
Members N. T. Stock Exchange
Buy and Sell Sterling and Continental Ex¬
change and Cable Transfers, Commercial and
Traveler’s Credits. Collections made at all points.
Bankers 8c Brokers
SURPLUS
Banking and Exchange business of every de¬
scription transacted with Canada.
\
Members of the New York
Stock Exchange. Dealers in
High-Grade Bonds and other
Investment Securities. In¬
terest allowed on deposits.
34 PINE STREET
LONDON OFFICE—2 Lombard Street, E.C.
BANKERS IN GREAT BRITAIN.
The Bank of England,
The Bank of Scotland,
Lro/d’s Bank, Limited.
Union of London and Smiths Bank. Limited.
BANKERS
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1804
NEW YORK
The Bank of
British North America
Established in 1886
Incorporated by Royal Charter In 1640
Paid-up Capital....
ESTABROOK 8c CO.
Cl.000,000 Sterling
£680.000 Sterling
Reserve Fund...
Head Office:
i Graoechurch Street. London. E.O.
New York Office: 68 Wall Street.
H. M. J. McMICHAEL.lAgents.
W. T. OLIVER.
/
Buy and sell Sterling and Continental Exchange
and Cable Transfers.
Grant Commercial and
Travelers' Credits, available In any part of the
world.
Issue Drafts on and make Collections
tn all parts of the United States and Canada
BANKERS
Electric
Members New York and Boston
3to ok Exchanges
WE OFFER
15 State Street*
24 Broad Streets
BOSTON
NEW YORK
-
BALTIMORE
CHAS. MEREDITH,
President.
Bankers and Investment Dealers
Proven Public Utility Securities
CHICAGO
C. Meredith & Co., Limited
Ageats
Light, Power and Street
Railway Enterprises with records
of established earnings
INVESTMENT SECURITIES
HARTFORD
Boat Brokers ami Financial
WE FINANCE
Correspondence Solicited
ELECTRIC ROND & SHARE CO.
R. L. DAY a CO.
(PaH-Up Capital m4 Surplus, S4.8Se.0M
71 BROADWAY
J. J. REED,
Vice-President.
A. H. B. MACKENZIE. Manager.
HON. LIONEL G. GUEST, Sec’y-Treasurer.
37 Wall St.
35 Congress St;
NEW YORK
BOSTON
NEW YORK
HIGH-GRADE INVESTMENT BONIS
DIRECTORS
ALFRED BAUMGARTEN, C. R. HOSMER
Capt. D. C. NEWTON (Montreal)
H. ROBERTSON
C. B. GORDON
MONTREAL
liunlolpal and Railroad
Members New York and
Boston Stock Exchanges
WILLIAM P.DQNDRI6HT& COMPANY
BANKERS
Members of the New York Stock
Colorado
Springs
COLORADO
Canadian
Investment Securities
34 Broad Street
NEW YORK
Exchange
Louden
BNOLAN0
Electric Power Securities
Tucker, Anthony & Co.
BANKERS A BROKERS
CORRESPONDENCE SOLICITED
DOMINION SECURITIES
CORPORATION, LIMITED
Toronto
Montreal
N BROAD ST*
89 STATE ST.,
BOSTON
NEW TOEJC
NORWICH
NEW BEDFORD
SIMON BORG 8c CO.,
Members Boston and New York Stock
BANKERS
Exchanges.
London, Eng.
Members of Nets York Stock Exchange
No.
20 Nassau Street
-
New
York
HUNT du CUSHMAN
HIGH-GRADE
THE
Investment Saourltlea
INVESTMENT TRUST CO.
LIMITED
Trustees-Transfer
Agents
BOND DEPARTMENT
St, BOSTON
BERTRON, 6RISC0M 6 JERKS
CANADA
40 Wall Street,
NEW YORK.
Land Title Building.
PHILADELPHIA.
INVESTMENT SECURITIES
HANSON BROS.
Dealers In
Canadian Investment Securities
Send for our circular ototno dstatU
St. James Street
Alfred Mestre & Co
i
BANKERS
BANKERS
Canadian Corporation Bonds
MONTREAL
35 Congress
INVESTMENT SECURITIES
MONTREAL
H. AMY & CO.
BANKERS
44 and 46 Wall
Street, New York
INVESTMENT SECURITIES
Bills of Exchange.
Letters of Credit,
Members of the New York
Stock
Dealers
Exchange.
Municipal, Railroad and
Equipment Bonds.
Interest alio Fed on deposits
Subject to Draft.
in
37 Wall St.
NEW YORK
ISO S. 15th St.
PHILADELPHIA
T1
THE CHRONICLE
[VOL.
LXXXX1.
Satriuss attd Mxokxxs entsiAt IXctw ^uncfe.
PITTSBURGH.
LOUISVILLE.
We Buy and Sell
PORTLAND, ORE.
INVESTMENT BONDS
J. J. B. HILLIARD & SON
(NO STOCKS)
LOUISVILLE. KY.
J. S. & W. S. KUHN
BANKERS AND BROKERS
INVESTMENT BONDS
STREET RAILWAY SECURITIES
Incorporated
ot
Pittsburgh, Pa.
A
James S. Kuhn,
L. L. M’Clelland.
President.
See. & Trees.
PAID-UP CAPITAL. *500.000
Donner, Childs & Woods
INVESTMENT SECURITIES
Singer Bldg.
Bankers and Brokers
STOCKS AND
TENN.
on
AUGUSTA.
Southern
LOS ANGELES.
Securities
and Stocks
Wm. G. Hopper & Co.
Investments receive our special attention.
In¬
formation cheerfully furnished regarding present
holdings or proposed investments.
ATLANTA.
Chestnut and Third Sts.,
YIELDING 4^% TO 5^%
Philadelphia.
fPHILADELPIA STOCK EXCHANGE
HUNTOON
SECURITIES
&
CO.
Building,
SAN FRANCISCS
Established 1887
,
CALIFORNIA
Municipal and Corporation Bonds
TO YIELD
4^% TO 6%
LOS ANGELES
PASADENA
BARROLL & CO.
Legal Bonds
BONDS
Merchants’ Exch. Bldg,
San Francisco.
H. W, Heilman Bldg
Los Angeles.
ATLANTA, GA.
MONTGOMERY.
PHILADELPHIA
B. W.
NORFOLK, VA.
MOTTU & CO.
Specialty
a
ATLANTA, GEORGIA
HILLYER TRUST CO.
Capital and Surplus* - - - $300*000
BONDS
Morris
Issues
Correspondence Invited
THE ROBINSON - HUMPHREY CO.
Specialist* in
E. B. JONES
CORPORATION
WILLIAM R. STAATS CO
SOUTHERN
MUNICIPAL BONDS
j. w. sparks & co.
Philadelphia, Pa.
California
LOS ANGELES
AUGUSTA, GA.
-
PUBLIC
WILLIAM E. BUSH
8TOOK AND BOND BBOEEBS
28 South Third Street,
PHILADELPHIA
INACTIVE
AND
BONDS
Offerings of Southern Bonds
W. G. HOPPER,
H. S. HOPPER,
Members of Philadelphia Stock Exchange.
411 Chestnut St..
James H. Adams & Co.
WANTED
PHILADELPHIA.
l CHICAGO BOARD OF TRADE
Information
SAN FRANCISCO
Member The Stock and Bond Exchange
MUNICIPAL
PITTSBURGH
MEMBERS^ NEW YORK STOCK EXCHANGE
Invite Requests for
AUGUSTA. GA
Members Pittsburgh Stock Exchange.
MUNICIPAL AND CORPORATION BONDS
PITTSBURGH SECURITIES
&,
PACIFIC COAST SECURITIES
BROKER
HOLM ES, WARDROP &. CO.
REED
Wakefield, Garthwaite & Co.
1st Nat. Bank Bldg..
JOHN W. DICKEY
PITTSBURGH, PA.
Union Bank Building,
LOS ANGELES
Branch. Coronado Hotel. Coronado Beach*
Oonespondents,
Harris, Winthrop & Co., New York & Chicago
We
Members Pittsburgh Stock Exchange
Commonwealth Bldg.
BONDS
NASHVILLE.
McCONNEL
&
Private Wire to Chicago and New York.
SAN FRANCISCO
THOS. PLATER & CO.
INVESTMENT SECURITIES
BALLARD
New York Stock Exchange.
MEMBERS Chicago Board of Trade.
Stock and Bond Exchange, S. F.
HENRY S. FRAZER
Local Stocks and Bonds
NEW YORK
Information Furnished
PITTSBURGH SECURITIES
J. C. WILSON
NASHVILLE.
Taylor & Company
Quotations and
SAN FRANCISCO.
LOUISVILLE, KY
Union Bank Building,
and
PACIFIC COAST SECURITIES A SPECIALTY
INVESTMENT SECURITIES
PITTSBURGH,PA.
PITTSBURGH
BONDS
STOCKS AND BONDS
SECURITIES.
268 Fourth Ave.
Municipal and Corporation
Specialty
John W. & D. S. Green
Successors to CHILDS & CHILDS
HL P.
PHILADELPHIA
NEW YORK.
Correepondenta: WALKER BROS., 71 B’way. N. Y.
Members New York and Pittsburgh Stock
Exchanges and Chicago Board of Trade
INVESTMENT
MORRIS BROTHERS
PORTLAND
Strassburger
SOUTHERN INVESTMENT SECURITIES
FIELDING J. STILSON CO.
INVESTMENT SECURITIES
MEMBERS
LOS
ANGELES STOCK EXCHANGE
MONTGOMERY, ALA.
LOS ANGELES.
BALTIMORE
DENVER. COL
Established 1892.
BANKERS
AND
BROKERS
NORFOLK, VA.
COLSTON, BOYCE & CO
Members Baltimore Stock Exchange
BIRMINGHAM, ALA.
INVESTMENT BONDS
Otto Marx & Co.
BANKERS
AND
SOUTHERN SECURITIES
BROKERS
KANSAS CITY, M0.
BIRMINGHAM, ALABAMA.
STOCKS AND BONDS
W.
KANSAS CITY. MO
STOCKS AND BONDS
Kansas City Ry. & Light
Western Municipals.
Loo&l Securities.
OFFICES
BIRMINGHAM, \
PROVIDENCE.
INO. L. NORTON
Local Stocks and Bonds.
Madison Avenue,
MEMPHIS.
Issues.
ALABAMA
MEMPHIS.
86
McCRUM
INVESTMENT 00.
MEYER & GOLDMAN
MONTGOMERY./
H.
-
-
TENN
Richardson & Clark
35
Exchange Street, Providence, R. I.
Bonds, Stocks and Local Securities.
Private wires to Boston, Philadelphia
and New York.
Boettcher, Porter & Company
Denver, Colorado
Denver City Tramway 6s
Denver Union Water Co. bds. & stks.
Denver Gas & Electric Co. 5s
Great Western Sugar Co. stock
Colorado Telephone Co. stock
Cities Service Co. stock
Denver District Improvement bds. 6%
Colorado Irrigation District bonds 6%
CALVIN BULLOCK
INVESTMENT BONDS
COLORADO SECURITIES
PORT LAUD, MAINE
Established 1854
H. M.
PAYS0N & CO.
Investment Securities
PORTLAND
....
MAINE
Oh as. H. Payson Geo. S. Pavsou Herbert
Paysor
Dec.
m
THE CHRONICLE
211910.]
Haixlietts anil fgfcxrtttvs outside ilexw ^oek.
ST
CHICAGO.
National
Randolph Streets. Chicago.
Corner Clark and
High-Grade Investment Securities.
Chicago First Mortgages and Bonds
leeue Letters of Credit
all parts of
tor sale.
for travelers, available In
the World.
General Domestic and Foreign BanklngBuslness.
Correspondence Solicited.
Send for our latest lists of
Securities.
Sanford F. Harris & Co.
INVESTMENT SECURITIES
THE
^A/VNAWWSA/WWVWVWWWWN/WWWWWVWWWWVWVVWWWWVVW^
FRED. S. BORTON
T. E. BORTON
R. O. ENWRIGHT
$100,000
QREENEBAUM SONS
BANKERS
CLEVELAND.
LOUIS.
Enameling & Stamping Co.
This Issue of $3,600,000 00 bonds Is a first
mortgage on property and plants valued In excess
of $8,000,000 00.
The net earnings of the Company extending
over a period of nine years since Its organization
have averaged $1,219,649 09 per annum, or
approximately Four times the interest and
sinking fund requirements.
The mortgage provides that the liquid assets
of the Company shall at all times be of an amount
at least equal to the aggregate debts of the
Company, including the outstanding bonds of
this Issue.
Price and particulars on
application
MEMBERS CLEVELAND STOCK EXCHANGE
GUARDIAN BUILDING
Hayden, Miller & Co.
Investment Bonds
CLEVELAND. OHIO
Citizens’ Building.
CHICAGO,
Investment Securities
In St. Louis at 410 Olive Street
Members
Indianapolis Stock Exchange
American Nat. Bank Bldg.,
ILL.
WHITAKER
New York Stock Exchange.
New York Cotton Exchange.
New York Coffee Exchange.
New York Produce Exchange.
Chicago Stock Exchange,
Chicago Board of Trade,
St. Louis Merchants' Exchange.
Allerton, Greene & King
THE ROOKERY. CHICAGO
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
on
INDIANAPOLIS.
Joseph T. Elliott & Sons
BANKERS & BROKERS
139 MONROE STREET.
A
CO.
NEWTON
High Grade
1 WILL BUY AND SELL
Fletcher Bank Bldg
INDIANAPOL IS
Municipal Bonds
ALBANY, N.Y.
To net 4K% to 5%
PETER J. CALLAN
Grcular
on
INVESTMENT BANKER
application
-
Local, Listed and UnUsted
STOOES AND BONDS
ST. LOUIS
REAL ESTATE
Mehta .-Laclede Bldg.
8T. LOUIS
COMMERCIAL PAPER
205 LaSalle St.
OHIO AGO
MUNICIPAL
and other
HIGH-CLASS BONDS
BALTIMORE
POE &
DAVIES
Members
DEALT JS
Baltimore Stock Exchange
Seaboard and Coast Line Issues
Local and Southern Securities
SAINT PAUL
Correspondence Invited
High-Grade Bonds
CHICAGO
CINCINNATI
State Savings Bank Bldg., St, Paul
EDGAR
MINNEAPOLIS.
Exchange Place, NEW YORK
Chicago, Ills.
San Francisco. CaL
Investigations and Reports on Electric
Railway Gas, Electric light and Powav
Properties. Irrigation Systems, Me., fof
Financial Institutions and Investors.
Railways, Ejectric Light and Pewit
Plants, Gas Plants, Financed,
Designed and Built.
MINNEAPOLIS. MINN.
FRIEDLANDER
CINCINNATI.
OHIO
Reports for Financing
H. U. WALLACE
ENGINEER
A CORPORATION BONDS
PROVIDENCE.
BUFFALO.
ALBERT P. MILLER Jr.
INDUSTRIAL TRUST CO. BUILDING
JOHN T. STEELE
Examinations, Reports, Surveys, Supervision of
construction and operation of Eleotrlo and Staosi
Railroads, Power Plants, Transmission Ham:
Central Stations and Irrigation projects, 4t.
Ex-Supt. Illinois Central RR.; Calm Englnam
Illinois Central RR.; and Gen’l Manager Ohioan
Lake Shore & South Bend Eleotrlo
Marquette Bldg.
PROVIDEN0E, R. I.
Local Securities
BUFFALO, N. Y.
Government, Municipal
and Corporation Bonds
Gas, Electric Lighting & Railway
Bonds and Stocks
Established 1889
Philadelphia:
Buffalo and Western New York Securities
BODELL &
PROVIDENCE
50% Stock Bonus
Write fgr particulars
BURGESS
ROCHESTER. N.
H.
M. CHANCE
Co. Ml tin. Minin. Engineer and OMtoaUt
Member Rochester Stock Exchange
104-105 Wilder Bldg.
CO.
206 TO 209 BANIGAN BUILDING
High Class 6% Bonds
JOHN A.
Railway.
CHICAGO ILL.
A. L. REGISTER A CO.
ENGINEERS—CONTRACTORS
SPECIALISTS IN
ROCHESTER, N. Y.
SIXTY
Mem. Am. See. C. I,
Cincinnati Securities
Twin City Rapid Transit System Bonds
Minneapolis National Bank Stocks
»AAAAAAAAAAAAAAAAAAAAAAA<WWW»A*^AAA**J.<.A«..^|..»1.|^V[%%VYVVV)r>r>Afl|m
,
WALL ST..
NEW YORK
Public Utilities and Industrials
DEALER IN
WELLS & DICKEY CO
^
J, G, WHITE A CO,, Limited,
9 Cloak Lane. Cannon St., B, C.
Engineering and Construction
Plans, Methods, Operation
for Investment
Edwin White & Co.
43-49
C. G. YOUNG
Dealers In
all Northwestern Securities
Engineers, Contractors
London Correspondents:
CINCINNATI.
on
J. G. WHITE & CO.
Electric
CIRCULARS AND UST ON APPLICATION
WEIL, ROTH & CO.
Twin City Rapid Transit 5s, 1928
Minnesota Transfer Ry. 5s. 1916
St. Panl Gas Light Co. 5s. 1944
City of St. Paul 4 Hs
Twin City Telephone Co. 1st 5c
ggttflittjaetts.
William R. Compton Co
f. W. Cor. Monroe & La Salle Sts.. Chicago.
TODD
Application
(INCORPORATED.)
MUNICIPAL
INDIANAPOLIS
INDIANA TRACTION SECURITIES
Missouri & Illinois
300 N. FOURTH ST.
Becker & Co.,
A. G.
STOCKS AND BONDS
A. G. EDWARDS&.SONS
Slaughter & Co.,
Xriaf
LISTED AND UNLISTED
OP CLEVELAND AND NORTHERN OHIO
One Wall Street
Members:
INVESTMENT SECURITIES
Refunding First Mtge Real Estate 5s
Due June 1, 1929.
Interest payable June and December.
BORTON
&
ROOKERY
CHICAGO
A. O.
BORTON
Y.
Bonds and
Preferred Stocks
of Proven Value.
GOAL AND MINERAL PBOPKBTW
Examined, Developed, Managed
537 Drexel Bldg.,
PHILADELPHIA. PA*
VIII
THE CHRONICLE
[VOL LXXXXI
CE
gatxtuers attd ^xoUxxs
ERVIN & COMPANY
A. B. Leach & Co.,
BANKERS
BANKERS
New York Stock
Members
m
FOR
BONDS
146 Dearborn
Street, CHICAGO
Capital, Surplus and
Exchange
Undivided Profits
Philadelphia Stock Exchange
149 Broadway, NEW YORK
t
NATIONAL BANK
OF CUBA
Drexel
Assets
Kos. 34-36 WALL ST., NEW YORK.
NEW YORK
BOSTON
32,900,684 60
8,681,379 19
PRODUCE EXCHANGE. HAVANA.
CARDENAS,
MATANZAS,
CIENFUEGOS,
SANTIAGO,
MANZANILLO,
CAIBARIEN,
SAGUA LA GRANDB
GUANTANAMO,
SANTA CLARA,
CAMAGUEY,
PINAR DEL RIO,
SANCTI SPIRITUS,
CAMAJUANI,
CRUCES.
CIEGO DE AVILA,
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
Members of the New York and
Boston Stock Exchanges
53 State Street
-
Branches
PARKINSON A BURR
7 Wall Street
-
84 GALIANO ST., HAVANA.
226 MONTE ST., HAVANA.
'
C I. HUDSON & CO.
-
HEAD OFFICE—HAVANA
Building, Philadelphia.
26 State Street, BOSTON
Cheatnut & 4th St., PHILADELPHIA
-----
INVESTMENT Cash in Vaults
Long Distance Telephone No. L. D. 107.
l
\
/$6,266,922 21
-
Collections
a
Specialty.
Sole Depositary for the Funds of the Republic of
Cuba
Member American Bankers’ Association
■embers New York and Chicago Stock Exchanges
73 Pearl Street
TELEPHONE 3070 JOHN.
HARTFORD
Cable Address—Banconac
Miscellaneous Securities
in all Markets
PRIVATE
WIRES
TO
BANK
E. W. CLARK & CO.
PRINCIPAL
BANKERS,
CITIES.
BANKERS
5 NASSAU
Members Phila. and New York Stock
Interest allowed
New York
STREET. NEW YORK.
Established 1865
MEMBERS OP N. Y. STOCK EXCHANGE.
Allow interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds, and
deal In
RAILROAD BONDS
GUARANTEED STOCKS
Broadway
LADD
Boston
70 State St.
W. S. Tarbell.
Chas H. Jones & Co.
We
maintain an OUTSIDE
PARTMENT which deals
Dividend-Paying Stocks
Companies.
If interested write [for
J. S. FARLEE & CO.
MEMBERS NEW YORK STOCK EXCHANGE
our
SECURITIES DE¬
particularly in the
or
Railroad
quotation
Supply
sheet “C”
McCURDY,
Brokers and Dealers in
HENDERSON & COMPANY
INVESTMENT SECURITIES
24 NASSAU STREET
HARTFORD. CONN.
11 WALL
ST., N. Y.
Transact
Edwin P. Campbell
James G. MacLean
Campbell & Co.
11 WALL STREET, NEW
YORK
Members New York Stock
on
OFFICERS.
W, M. Ladd, President. R. S. Howard Jr., Asst. Cash.
E. Cookingham, V. Pres. J. W. Ladd, Asst. Cashier.
W. H. Dunckley, Cash.
Walter M. Cook, Asst. Cash.
Interest paid on Time Deposits and Savings Accounts
Accounts of Banks, Firms, Corporations and Individuals
solicited.
We are prepared to furnish depositors
every facility consistent with good banking.
Effingham Lawrence & Co.
Members N. Y. Stock Exchange
BANKERS
III BROADWAY, NEW YORK
General Banking and Stock
Exchange Business.
a
DEALERS IN
Bonds and Guaranteed Stocks
Orders
71 BROADWAY, M. Y.
William Herbert & Co.
MEMBERS
N.
Y.
STOCK
Hanover Bank
11 PINE
STREET,
Simpson, Pearce & Co.
JOHN H. DAVIS &, CO.
Members New York Stock
BANKERS AND BROKERS.
No. 10 WALL STREET.
Y. and Phila. Stock Exchanges.
Orders lor Stocks and Bonds executed
upon all
Exchanges In this country and Europe.
Especial attention given to supplying high-class
Members
N.
Exchange
on
Telephones
4490-1-2-3-4 Rector
NEW TORE
VICKERS &, PHELPS
Deposits Subject to Checks
1862
29 Wall Street, New York City.
Members of New York Stock Exchange.
1910
BONDS
J&8. B. Colgate & Co.
Cash orders
only in stocks accepted
86 Wall Street, New York.
Members
V. Y. Stock Ex.
W. H.
Investment
Bonds.
E. & C. RANDOLPH
Members
Ill
Goadby & Co.
NEW YORK
York
Stock
Exchange.
HORACE HATCH. Manager.
Dealers In Investment and Other Securities of the
United States and Canada
■£
,
Certified Public Accountants
(Pennsylvania)
NEW YORK,
165 Broadway
Land Title Bldg.
Union Bank Bldg.
First National Bank Bldg.
CHICAGO,
JAMES PARK A CO.
CERTIFIED
New
PUBLIC
ACCOUNTANTS
York, Chicago, Cincinnati and
London, England.
AUDITORS
FOR
FINANCIAL
INSTITU
TIONS, INDUSTRIAL AND
MINING COMPANIES
Investigations, Financial Statements,
Periodical Audits and Accounting.
Broadway, New York.
Open Market Securities Department
Bankers and Brokers
.NO. 74 BROADWAY,
New
Markets.
PHILADELPHIA,
111 BROADWAY PITTSBURGH,
INVESTMENT SECURITIES.
Interest Allowed
all
ROSS BROS A
MONTGOMERY
INVESTMENT SECURITIES
EXCHANGE
NEW YORK
in
LYBRAND,
Members N. Y. Stock Exchange
Building
-
Executed
Accountants.
WALKER BROS.
Commission
OREGON
-
Capital Fully Paid - - - $1,000,000
Suh>lus and Undivided Profits $600,000
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
Exchange.
Securities Bought & Sold
BANK
Established 1859
MEMBERS N. T. STOCK EXCHANGE
Henry G. Campbell
H. G.
& TILTON
"Orientment.’*
Cable:
Municipal, Railroad and Corporation Bonds
20 Broad Street, New York
deposits
H. L. Finch.
Capital, $1,000,000
PORTLAND
Maine
J. S. Farlee.
Acts as Cuban correspondent of American
banks and transacts a general banking business.
NEW YORK CITY
Telephone: 3155 Rector
Augusta
York Committee
Members N. Y. Stock Exchange
Send for circulars
New York City
115 Broadway
John E. Gardln 1
Alvin W. Krech |New
James H. Post J
SCHMIDT & GALLATIN
PURCHASE AND OFFER ONLY
BONDS OF THE HIGHEST GRADE
on
deposits.
on
J. Prentice Kellogg
William A. Lamed
Chas. H. Blair Jr.
Frederic Gallatin Jr.
Albert R. Gallatin
111
Interest allowed
CARLOS DE ZALDO. President
JOSE I. DE LA CAMARA, Vice-President
Exchanges.
Correspondents (Clark, Dodge & Co.
I First National Bank.
George P. Schmidt
P. W. BROOKS & CO.
BANKERS
HAVANA
PHILADELPHIA
321 Chestnut St.
A. M. KIDDER & CO.
OF
76 CUBA STREET
R. T. Wilson & Co.
33 WALL STREET
NEW YORK
Deo. 24
1910.]
THE CHRONICLE
fghumcial.
@u:cvettt
Stone & Webster
147 Milk Street,
BOSTON
fi Nassau Street
First Natl. Bank Bldg.
NEW YORK
IX
Ipcrad inquiries.
WANTED
Cumberland Telephone &
Telegraph Co. Stock
BOUGHT AND SOLD
CHICAGO
We offer for Investment
GOULDING MARR
Securities of
Broker
Public Service Corporations
NASHVILLE,
-
TENN.
-
under the management
of
our
organization
yield
to
MUNICIPAL
5% to 6^95
CORPORATION
Our Manual
Austin, Texas, 4s
New Hamp. Elec. Ry. Pref. &Com
Bodwel Water Power Co. 5s
Council Bluffs WaterWks. Co. 5s
Greater N. Y. Deve opment 5s
H. ('. filler Y Co.
) 4or
RAILROAD
Butte Water Co. 5s
Chic. Sub. Water & Light Co. 5s
York Haven Water Power Co. 5s
Peoria Waterworks Co. 4s
London & Chic. Contract Stock
Norton & Taunton St. Ry. 5s
t TO BONDS
) 6%
Specialists in Inactive Bonds.
27 Si ale Street.
FOR SALE.
Draper Mfg. Com.
describing these companies will be sent
upon request.
United Rys. of St. Louis 4s
Union El. Lt. ft P. Go. of St. L. 1st 5s
Union El. Lt. ft P. Go. of St. L. Ref. 5s
Laclede Gas Co. of St. Louis 1st 6s
Selected for Conservative Investors.
Lists Mailed Upon Application.
Lawrence Barnum & Co.
BANKERS
27-29 PINE
STREET. NEW YORK
Philadelphia
Washington
Pittsburgh
Laclede Gas Co. of St. Louis Ref. 5s
Kan. 0. Ry. ft Lt. 5s ft Underly. Sec’s
FRANCIS, BRO. & CO.
(ESTABLISHED 1877)
U. S. Worsted Pfd.
Niles-Bement-Pond Com.
American Investment Sec’s Com.
Pere Marquette 1st Pfd.
Butte Water Co. 5s. 1921
Indiana Columbus & East. 5s, 192S
Hudson River Elect. 5s. 1931
WANTED.
American Caramel Pfd.
Pere Marquette Com.
N. E. Investment Sec’s Pfd.
Waltham Watch Pfd.
Lynn Qas & Electric Co.
Atlanta Northern 5s, 1954
Page Woven Wire Fence 5s, 1922
Newport & Fall River 5s, 1954
HOTCHKIN
DEALT IN BY
r. W. STEPHENS & 00.
BANKERS
2 WALL STREET.
NSW YORK.
INVESTMENT
*
?
—
& CO.
SPECIALISTS IN INACTIVE SECURITIES
Stock Exchange Bldg., Boston
Telephone Main 3448
We desire
214 North 4th Street, ST. LOUIS
ibdabed 1884
Boston
issues
BONDS
of
Telephone 2817
or
offerings of
new
blocks of old issues
Public
Utility Bonds
INSURANCE STOCKS
Fidelity, Phoenix, Home,
Niagara, Continental, &e.
Interest allowed
on
Individuals and
accounts of
BOUGHT AND SOLD
Building.
NEW YORfc
Bank and Trust
Company Stock*
NEW YORK AND BROOKLYN
BOUGHT AND SOLD
CLINTON
GILBERT
S WALL ST.
Ohio
Municipal Bonds
Guanajuato Reduc. ft Mines 6s ft Stk.
Yielding about 4%
Omaha Water Co. 5s & Stocks
Amer. Finance & Secur. 6s ft Stock
New Hampshire Elec .Rys.Com.&Pfd.
Tax-free in Ohio
F. W. MASON & CO.
W. E. HUTTON & CO.
Members New York Stock Exchange
VOLUNTARY LIQUIDATION
Witherspoon National Bank located at
Lawrenceburg In the State of Kentucky, is closing
The
its affairs.
All noteholders and other creditors
of the association are therefore hereby notified
to present the notes and other claims for payment.
This December 13th, 1910.
W G. WITHERSPOON. Cashier
IpUelittqs.
THE NATIONAL CITY BANK OF NEW YORK.
December
3rd,
Council Bluffs Water Works Co. 6s
Helena Water Works Co. 4s
Butte Water Co. 5s
CLEVELAND 30-YEAR 4S
NEW YORK
liquidation.
1910.
The annual meeting of the shareholders of this
bank, for the election of directors and the trans¬
action of such other business as may be
brought
before It. will be held at Its banking house in Wall
Street, on Tuesday, January 10th, 1911, at
twelve o’clock noon.
A.
Shawmut Bank
55Congress St., BOSTON,MASS.
E. S. BAILEY
tC BROADWAY
H. L. NASON & CO.
Corporations
KAVANAGH, Cashier.
Established
25 Broad Street.
Private wires
to
1886
New York
Cincinnati, Chicago. San
-
Francisco and Los Anaeles.
WANTED
Chicago Suburban Water & Light Co. 5s
Butte Water Co. 5s. 1921
National Fuel Gas Co Stock
Duluth Street Ry. Co. Gen. 5s. 1930
U
FOR SALE
S. Envelope Co., common.
C. H. FARN HAM
27 STATE STREET. BOSTON
Vickers ft Phelps
29
WALL
STREET
Members N Y Stock
Exchange
Our latest circulars on Guaranteed
Stocks and High-Class Railroad Pre¬
ferred Stocks can be had on application.
Union Railway, Gas ft Electric
Portland Railway, Light ft Power
Memphis Street Railway
ALL L0UISVILL‘ LOCAL SECURITIES
S. C. HENNING & CO.
71 Broadway
116 So. 6th St..
LOUISVILLE. KY.
NEW YORK CITY
Commonwealth Pr
Ry & Lt
And Constituent Companies’
FORTY-ONE STATE LEGISLATURES
Stocks and Bonds
AND CONGRESS
ARE ABOUT TO CONVENE
WM. HUGHES CLARKE
Detroit, Michigan.
Wot full information
as to our system of reporting on proposed
legislation relating to Transportation, Commerce,
Manufacturing, and similar subjects, address
or new
Ske ©orporatiou Trust Co.
37 Wall
Street, New York
New York State
Railways,
Valley Co.
and Scrip.
common
Mohawk
Stocks
MALCOLM
60 Broadway,
NEW YORK
STUART
Telephone:
156 Rector
X
THE CHRONICLE
®nxK*ut
[VOL.
Sim\nixit*.
Mobile &
Ohio, St. Louis & Cairo Coll. 4s, 1930
Cincinnati Hamilton & Dayton, All Issues
Galveston Houston & Henderson 5s, 1913
Gulf Beaumont & Kansas City 5s & 6s
Atchison & Eastern Bridge 4s, 1928
Macon Dublin & Savannah 5s, 1947
Cleveland Lorain & Wheeling 5s
Ill. Cent., St. Louis Div.
3^s
Nashv. Flor. & Sheff. 5s
Evansv. &
Indianapolis 6s
Chic. & Alton S. F. 5s
*
Sloss Iron & Steel 6s &
4^s
Kings County Gas & Ill. 5s
N. 7. & Queens Elec. Lt. & P. 5s
Northwestern Terminal 5s, 1926
Great Northern of Canada 4s
Pere Marquette, All Issues
•
LXXXXI.
G. W. Walker & Co.
Tel. 100 Broad.
25 Broad St., New York
Norfolk & Southern 1st 5s
O’Gara Coal Co. 5s, 1955
Atchison “Transcontinental Short Line"
AND ALL OTHER STEAM RAILROAD SECURITIES DEALT IN
1st
Mtge. 4s, due July, 1958
Cleve. Columbus Cin. & Indianapolis
F.
1st
J. USMAN & COMPANY,
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
BROAD
STREET,
NEW
SUTRO BROS. & CO
YORK
BANKERS
Land Title & Trust Co. Building, PHILADELPHIA
39 Pearl
44 PINE STREET. NEW YORK
Members New York Stock Exchange.
Street, HARTFORD
Western Union Conv. 4s, 1936
Michigan Central Debenture 4s, 1929
Oregon RR. & Nav. Co. Cons. g. 4s,1946
LIBBEY&8TRUTHERS
Colorado & Southern 1st g. 4s&Ext.4 j^s
Chicago Rock Island & Pacific Ref. 4s,
$5 Cedar Street
Cuban Government Internal 5s
L. M. PRINCE & CO.
Members New York Stock Exchange.
20 BROAD ST.
NEW YORK
New Haven 6s
Public Service Corp., N. J., Notes
West Penn. Rwys. 5s
Chic. & Pac. West. 1st 5s
Wilkinsburg & Verona St. Rwy. 5s
Money 6s
Saratoga 7s
Bethlehem Steel Purch.
American Piano Common
American Piano Preferred
U. S. Industrial Alcohol Common
U. S. Industrial Alcohol Preferred
BOUGHT AND SOLD
SHARES
SOUTHWESTERN OF GEORGIA
5% GUARANTEED STOCK
H.
HILSMAN
& CO.
OEMPIRE BUILDING, ATLANTA. CIA.
WANTED
FREDERIC H. HATCH & CO.
Allegheny Valley 4s
Beech Creek First 4s
New York
Boston
SO Broad Street
Gettysburg & Harrisburg 5s
50 Congress Street
Private telephone between New York and Boston
Pine Creek First 6s
$100,000 CITY OF YONKERS
i)4s, due April 1915
TO NET 4.20%
FERRIS A WHITE,
Ttl. MM Hanover
J. H. BECKER A CO.
Tel. 985 Rector
80
Broadway. New York
WANTED
drand Rapids Ry. Co. 1st M. 5% Bonds, due ltlt
OFFER
St. Joseph Railway,. Light. Heat & Power Co.
1st Mortgage 6% Bonds. 1987.
_
Light,
.
Schuylkill River East Side 4s
MELLOR & PETRY
Members
New York andlPhlladelphla' Stock Exchange
104 S. Fifth Street
Philadelphia
,7 Wall St.. N. V.
We Want to Buy
Wladikawkas Ry. 4s
Somerset Coal os
Consolidation Coal 4 Ms
Cuban Qovt. (Internal) 5s
Merchants’ Heat & Light 5s
Binghamton Light, Heat & Power 5s
Kanawha & Hocking Coal & Coke 5s
k
Sutton,
Strother & Co.,
Calvert and Gcrauui Streets
WE WANT
Duluth Rainy Lake & Winnipeg Ry. 1st 5s, 1916
Col. Newark & Zanesv. Elec. Ry. 1st 5s. 1924
Col. Buckeye Lake & New.Tract.Co., 1st 5s. 1921
Canton-MassiUon Electric Ry. 1st 5s, 1921
BONDS
Baker, Ayling & Company
BOSTON
PhMadelphb
Providers
WE WANT
Allentown Gas 5s, A. & O., 1924
Atlanta (Ga.) Gas Light 5s, J. & D., 1947
Chester County Gas 5s, J. & D., 1925
Harrisburg (Pa.) Gas 5s, F. & A., 1928
Kansas City Gas 5s, A. & O., 1922
Merion & Radnor Gas & Elec. 5s, M. & N., 1954
Syracuse Gas 5s, J. & J., 1946
Syracuse Lighting 5s, J. & D.. 1951
Syracuse Light & Power 5s, J. & J., 1954
REED A. MORGAN & CO..
West End Trust Bldg.. Phlla.: Pa.
Members of the Philadelphia Stook Bxohaass
Telephones. J Bell-Spruce 21-81.
I Keystone-Race 305
BURGESS, LANG & CO.
Private Wire
NEW YORK
BOSTON
34 Pine Street
50 State Street
Seattle Renton & So. 1st 5s, 1925
Fonda Johnst. & Glov. 4^s, 1952
Lex. Ave. & Pav. Ferry 1st 5s, 1993
Hudson & Manhattan Bonds & Stks
New Orleans Terminal 1st 4s, 1953
WOLFF & STANLEY
Tel. 6557 Broad
27 William
BALTIMORE
Membere of Baltimore Stock Bithim
Philadelphia.
Richmond-Washington 4s
Houston & Texas Cent. 4s
We Offer
J
400 Chestnut Street,
N. & W. Pocahontas 4s
Rensselaer &
300
Robt. Q lend i n n i ng & Co.
0. & O. Big Sandy 4s
N. Y. & Erie 3d 4J^s
NEW YORK
1934
7s, due June ,1914
L. & N., Atlanta Knoxville & Northern
1st 5s, due Dec., 1946
31, 1922, W. I*
CURTIS & SANGER
NEW YORK
34 Pine Street. New Y <»>
NEW ISSUE
Sink. Fund Gold Bonds
NETTING 5H%.
Non-taxable in New York State.
WESTERN ELEC 1st 5s
Boston
BLAKE A REEVES
Tel. 1504 John
6%
Stock Exchange.
Members N.Y., Boston A Chicago Stock
19 WaH Street
Chicago & N. W. Con. 7s. 1915
First Mortgage
SAMUEL K. PHI LLIPS&. CO.
421 Chestnut St.
Philadelphia
Dec.
Elmira Cort. & Nor. 1st 5s, 1914
Peoria & Pekin 2nd 43^s, 1921
Rochester & Pittsb. 6s, 1922
St.. N. Y.
WANTED
Toledo Fremont & Norwalk 5s, 1920
Indianapolis Trac. & Term. 5s. 1933
Union Traction of Indiana 5s, 1919
Members of Philadelphia
Chesapeake & Ohio 5s, 1929
Exchangee
Pingree, McKinney & Co.
8
Congress Street,
TAX FREE IN PENNSYLVANIA.
Johnstown Passenger
Railway Co
Refunding 4s, due 1931.
Lehigh Valley Transit Company
First 4s, due 1935.
WURTS, DULLES A GO.
US S. FOURTH ST..
Chicane
Boston.
PHILADELPHIA
Telephone Lombard 1060-1061
Deo. 24
THE CHRONICLE
1910.]
xi
©ttreeut JSottrt gnqttl*ies.
19th Ward Bank Stock
Hudson Companies Preferred Stock
Automatic Electric Co. Stock
Amer. Gas & Elect. Co. Preferred Stock
Great Western Sugar Co. Common & Pref.
Mexican Int. 1st 4s. 1977 (stamped)
Syracuse Gas Co. 1st 5s, 1946
Keokee Cons. Coke Co. 1st 5s. 1959
Ashland Water Co. 1st Ref. 6s. 1929
INVESTMENTS
The methods employed by conservative Investors In choosing their
Investments, Is based on
a close analytical
study of all the fundamental factors affecting the Investment, such as the
value of the property pledged, the ability of the Company to continue
earnings, the general
credit and standing of the Company, and the maturity,
price, yield and market of their
securities.
These are points upon which every prospective Investor should be Informed.
The ability to Judge of the relative value of these several
points Is only brought to perfection
through years of experience.
We are recommending to our clients a well-balanced Investment
containing
A RAILROAD BOND
YIELDING 4.80%
A SHORT-TERM NOTE
“
4.90%
A RAILROAD EQUIPMENT BOND
••
4.80%
AN INDUSTRIAL BOND
••
,
Glide, Winmill &Co.
BANKERS
20 BROAD STREET, N. T.
6.00%
The average income on the above is over 5%. These bonds have been
selected because
they meet our ideas of a conservative investment.
Send for our Circular No. I—7
Telephone 445-6-7 Rector
Lake Shore Coll. Trust 33^s, 1998
Chicago & North West 4s, 1987
Guaranty Trust
Company
New York
of
28 Nassau Street, New York
Atchison Adi. 4s, 1995
Oregon Short Line 4s, 5s & 6s
Panhandle 4s, Series D, F. ft G
Gal. H. ft S. A., Mex. Pac. 5s, 1931
NEWBORG & CO.,
MEMBERS N. 7. STOOK EXCHANGE
60 BROADWAY. N. Y.
Telephone 4990 Rector,
Gable Address,
"NEWROSE”
PRIVATE WIRE TO ST. LOUIS
Schwarzschild & Sulzberger 6s, 1916
Central Foundry 6s. 1919
American Writing Paper 5s. 1919
Fort Worth & Denver City 6s, 1921
Utica & Black River 4s. 1922
Western Pacific 5s. 1933
Southern Bell Tel. 5s, 1941
General Motors Securities
OFFERINGS WANTED
Danville Urbana & Champaign 1st 5s, 1923
Pitts. McKeesport & Connellsv. Cons. 5s, 1931
Cleveland Elyria & Western Cons. 5s, 1920
R. M. Stinson & Co.
North American Bide..
PHILADELPHIA
Members Philadelphia Stock Exchange
’Phones Bell Walnut 22-90
Keystone Race 4-99
Kings Co. El. Lt. ft Power 5s, 1937
Company Bonds.
Metropolitan St. Ry. Gen. 6s, Tr. Ctfs.
Lex. Ave. & Pav. Ferry 1st 6s, 1997
Columbus ft 9th Ave. 1st 5s, 1997
PATERSON & CO.,
Tel. 1986-6-7 Rector
20 Broad St.. N. Y
MEGARGEL & CO.
WILL BUY OR SELL
BANKERS
STERN BROS.
5 Nassau Street
NEW YORK
Verdigris Val. Ind. & West. 5s, 1926
Oregon RR. & Nav. 4s, 1946
Choc. Okla. & Gulf Consol. 5s, 1952
Louisville & Nashville Gen. 6s. 1937
L. & N.. New Orleans & Mobile 1st 6s. 1930
Ohio River 1st 5s. 1937
Keokuk & Des Moines 1st 5s, 1923
EYER & COMPANY
7% Preferred Stock.
GILMAN & CLUCAS
1st Nat. Bank Bldg..
84 Pine Street
NEW YORK
NEW HAVEN, CT.
WARREN, GZ0WSKI & C0.
'
„
OFFER
Princeton & Northwestern Registered 3Ms
Winona & St. Peter 7s
DOUGLAS FENWICK & CO.
Members Toronto Stock
Western N. Y. ft Penn. 5s, 1937
United N. J. RR. ft C. 4s, 1944
Oswego ft Syracuse 5s, 1923
Jack. Lans. ft Saginaw 3>£s, 1951
Edison Elect. Ill, Go., Bklyn.,4s, 1939
Phila. ft Reading 6s ft 7s, 1911
West. Va. Central ft Pitts. 6s, 1911
N. Y. Lake Erie ft West. 7s, 1920
Northern Ohio Ry. 1st 5s, 1945
MembersNcwYork Stock Exchange.
New
York.
Private wire to Philadelphia.
Coffin & Company
NSW YORK.
OFFER
Florida Cent, ft Peninsular Cons. 5s
St. Louis Iron Mtn. ft Southern 5s
Kansas City Southern 5s
N. Y. Ontario ft Western Ref, 4s
Terminal Assn, of St. Louis 6s
Ulinios Central, Cairo Bridge 4s
Central Indiana 4s
Chicago ft East Illinois, 6s
Municipal, Railroad and
Public Service
Corporation
BONDS
Edward V. Kane & Go.
MORRIS BUILDING. PHILADELPHIA.
Telephones, Bell- Spruce 3782. Keystone .Raoe 630.
N. Y.
City Reg. 334s, 1918-19
334s, 1925
City ft Pac. 1st 4s, 1990
B. ft O. So. W. 1st
G. K. B. WADE
Tel. 6744 Hanover
49 Wall Street
COMMUNICATE WITH
George B. Atlee & Co.
119 S. Fourth St.
Philadelphia
New York.
Equipment Bonds and Car Trusts
Swartwout &
Appenzellar
BANKERS
Members N. Y. Stock Exchange
44 Pine Street
NEW YORK CITY
Lacombe Electric 5s, 1921
Milwaukee Gas 4s, 1927
Madison (Wis.) Gas ft Elect. 6s, 1926
Canton Electric 5s
Omaha Water Co. Cons. 5s, 1946
Minn, ft St. Paul St. Ry. 5s, 1928
LAMARCHE & COADY,
Tel. 5775-6 Broad.
3o$epl>malker&$on$
Exchange
28 Broad Street.
34 WALL ST.
St.
Hanover. 33 Wall St.. N.Y.
West Chester Kennett & Wilmington 5s
PORCUPINE
WANT
Phenix National Bank Stock
New Orleans Mobile & Chic. Bonds and Scrip
New Jersey Municipals
Short-Time Railroads and Municipals
Broad
J, K. Rice, Jr. & Co.
’Phones 7460 to 7466
HOLDERS OF
The highest authorities declare
The greatest gold camp in the world
Learn about it before the rush ;
Write us to-day for information
20
Wells, Fargo ft Co. Express
Bought and Sold.
Kan.
Tel. TT50 1-1-3 Hanover
IT Wall Street
NEW YORK
Tel. John 109
Adams Express
American Express
United States Express
N.Y.& East Riv. Gas 1st 5s, 1944
N.Y.& East Riv. Gas Cons. 5s* 1945
N.Y.& Westchester Ltg. 4s, 2004
We Buy or Sell all Unlisted and Inactive Securi¬
ties having a marketable value.
We Specialize In Coal
Branch Offices
5th Ave. ft 43d St., New York
33 Lombard St., London, E. 0
36 Broad St.. N T.
Nevada-California Power Co. bonds and stock
Denver & N. W. Ry. 6s and stock
Northern States Power Co.
Denver Gas & Electric 6s
Northern Idaho & Montana Power Co.
JAMES N. WRIGHT & CO.
DENVER, COLO.
FOR SALE
Consol. Tract. Go. of N. J. 1st 5s
June 1933
Passaic ft Newark Elect. Traction
1st 5s, June, 1937
Hudson Oounty Gas Co. 1st 5s,
Nov., 1949
W. E. R. SMITH & CO.,
20 Broad Street
-
-
New York
Chicago Indiana & Southern 4s
East Tenn. Va. & Georgia 5s
St. Louis Merchants Bridgets
Pere Marquette Issues
Manitoba, Pacific Ext. “Sterling Bonds”
Dallas & Waco 5s
Western New York & Penna. 4s & 5s
Central Vermont 4s
Hawaiian Government 434s & 434s
Dominican Republic 5s
Mexican Government 5s
Cuban Government “Internal” 5s
WERNER BROS. & GOLDSCHMIDT
TaL 4800-1-2-3-4-5 Broad.
25 Broad Strttt. N. Y.
[Yol.
THE CHRONICLE
XII
giMtdjetijds.
lxxxxi
Jlitrtdfttds.
Hixridmas.
^VWWWWWWWVWMMWWM^WWWWVWVWWyWW^WVWVWVWW
COMMERCIAL iRUSi- LrOMPANV
OFFICE OF
of
McCOY&COMPANY
181 La Salle
Street, Chicago
a
New Jersey
Exchange Place, Jersey City.
15
N. J.
December 21, 1910.
The Board of Directors has this day declared
quarterly dividend of FOUR PER CENT upon
215th Consecutive Semi-Annual Dividend
Capital Stock of this Company, payable
January 3d, 1911, to stockholders of record at
3 o’clock p. m., December 29th, 1910.
the
transfer books to close December 29th,
1910, at 3 o’clock a. m., and to re-open Janu¬
ary 3rd, 1911, at 10 o’clock a. m.
WILLIAM J. FIELD, Secretary.
THE MERCHANTS NATIONAL BANK
The
NOTICE OF
DIVPDENP
PUBLIC SECURITIES COMPANY
The Board of Directors of Public Se¬
curities Company has declared a semi¬
annual dividend of three and one-half
cent (3^%) upon the outstanding
7% cumulative Preferred shares of the
company, payable by check January 1
per
1911 to stockholders of record as at the
close of business December 24 1910.
JOSEPH H.
ROY, Secretary.
THE UNITED STATES FINISHING COMPANY.
320 Broadway, N. Y., December 15, 1910.
PREFERRED STOCK DIVIDEND NO. 46
The Board of Directors have this day declared
the regular quarterly dividend of One and ThreeQuarters Per Cent (1 %%) upon the Preferred
Stock of this Company, payable January 2, 1911,
to Stockholders of record at the close of business
December 21, 1910.
COMMON STOCK DIVIDEND NO. 8.
The Board of Directors have this day declared
dividend of One Per Cent (1%) upon the
Common Stock of this Company, payable January
2nd, 1911, to stockholders of record at the close
of business December 21, 1910.
F. S. JEROME, Treasurer.
a
THE TRUST COMPANY OF AMERICA.
DIVIDEND NO. 34
37-43 Wall St., New York, Dec. 20, 1910.
The Board of Directors of The Trust Company
of America has this day declared a quarterly
dividend of THREE (3%) PER CENT upon the
capital stock of the Company, payable December
31, 1910, to stockholders of record at the close of
AMERICAN
GAS
&
ELECTRIC
COMPANY.
DIVIDEND
December 15, 1910.
PREFERRED STOCK
New York,
The regular quarterly dividend of One and
One-Half Per Cent (1 H%) on the Preferred Stock
of American Gas & Electric Company has been
declared for the quarter ending January 31st,
1911, payable February 1st, 1911, to
stockholders
of record on the books of the Company at the close
of business January 21st, 1911, on which day the
Transfer Books will close and re-open February 2,
1911.
'
FRANK B. BALL, Treasurer.
COMMON STOCK DIVIDEND
New York, December 15,
1910.
The regular quarterly dividend of One and
One-Half Per Cent (1 H%) on the Common Stock
of American Gas & Electric Company has been
declared for the quarter ending December 31st,
1910, payable January 2nd, 1911, to
Philadelphia, Pa., December 15^1910.
NEW
THE
YORK TRUST COMPANY.
FRANK B. BALL, Treasurer.
ELECTRICAL UTILITIES CORPORATION.
Preferred Stock Dividend No. 3.
New York, December 21, 1910.
A quarterly dividend of ONE AND ONEQUARTER PER CENT (1 H%) on the Preferred
Stock of the Electrical Utilities Corporation has
been declared for the quarter ending December 31,
payable January
16,
1911,
•
The Board of Trustees has declared this day the
usual quarterly dividend of EIGHT PER CENT,
payable December 31st, 1910, to stockholders of
record at the close of business Dec. 24th, 1910.
The transfer books will close Dec. 24th, 1910, and
re-open January 3, 1911.
H. W. MORSE, Secretary.
New York, Dec. 21st, 1910.
WASHINGTON
TRUST
to
Preferred
Stockholders of record at the close of business
December 31, 1910.
The Transfer Books will
not close.
G. J. ANDERSON, Secretary.
The Bank of New York
National Ban km
New
<
Association
York, December 20th 1910.
en (7%) per cent, payable
January 3d 1911.
1910, at 3 o’clock.
M. S. LOTT, Secretary.
UNITED STATES WORSTED COMPANY
and after
The Phenix National Bank
of the City of New York.
COMPANY
OF THE CITY OF NEW YORK
Broadway, New York, Dec. 21, 1910.
A quarterly Dividend of THREE PER CENT
and an extra Dividend of TWO PER CENT on
the capital stock of this Company has this day
been declared, payable on and after January 3,
1911, to stockholders of record on December 24,
on
The transfer books will remain closed
from December 23d 1910 to January 3d
1911.
CHAS. OLNEY, Cashier.
253
December 20th,
1910.
The Board of Directors of this Bank have
this
day declared a semi-annual dividend of 4%, free
of tax, payable on January 3d. 1911.
Transfer
Books will be closed from December 24th, 1910,
until January 3d, 1911.
B. L. HASKINS, Cashier.
lOOJFifth Avenue, New York
A
quarterly
dividend of l %%
on
the Pre¬
by the Board of
Directors, payable January 15th, 1911, to Stock¬
holders of record January 2d, 1911.
Books close
January 2d, 1911, and reopen January 16th, 1911.
P. ROBERT G. SJOSTROM. Treasurer.
ferred Stock has been declared
American Telephone
& Telegraph Co
Collateral Trust
Per Cent
Four
Bonds.
Coupons from these Bonds, payable by their
1, 1911, at the office of the
Treasurer in New York, will be paid by the Man¬
hattan Trust Company, 113 Broadway.
WILLIAM R. DRIVER, Treasurer.
terms on January
THE
The Chatham
Telephone & Telegraph Co
dividend of Two
Dollars per share will
on Monday, January 16, 1911, to
holders of record at close of business on
paid
National Bank
160TH DIVIDEND.
The Board of Directors has this day declared a
quarterly dlviaeua oi u^r per cent from the earn¬
ings of the past three months, and an extra divi¬
dend of four per cent out of the earnings of the
year, payable Jan. 3rd, 1911, to stockholders of
record at close of business December 23d.
Trans¬
fer bonks will be closed from the 24th to 31st Inst.,
both Inclusive.
W. H. STRAWN, Cashier.
New York, December 16th, 1910.
THE BATTERY PARK NATIONAL BANK OF
NEW YORK.
December 22, 1910.
have this day declared
a dividend of Three Per Cent on the Capital Stock
of this Bank, payable January 3d, 1911, to stock¬
holders of record at close of business December 22,
New
American
A
3rd, 1911.
ESTABLISHED 1784
The Board of Directors have this day
declared a semi-annual dividend of Sev¬
stockholders
of record on the books of the Company at the close
of business December 21st, 1910, on which day
the Transfer Books will close and reopen January
1910,
254th Consecutive Semi-Annual Dividend
148th Semi-Annual Dividend
At a meeting of the Board of Managers, held
this day, a dividend of SEVENTEEN (17%)
PER CENT was declared, payable on January 3,
1911, to stockholders of record on the books of the
Company at the close of business December 17,
1910.
Checks for dividends will be mailed.
C. J. RHOADS, Treasurer.
*
AMERICAN GAS & ELECTRIC COMPANY.
JOSEPH BYRNE, Cashier.
GIRARD TRUST COMPANY.
THE
THE UNITED STATES FINISHING COMPANY.
320 Broadway, N. Y., December 15, 1910.
Coupons
No. 13, due January 1, 1911, on
Consolidated Mortgage 5% gold bonds of this
Company will be paid at the office of The Trust
Company of America, 37 WaU Street, New
York City.
Coupons No. 19,"due January 1, 1911, on First
Mortgage 5% bonds of The Sterling Dyeing &
Finishing Company will be paid at the office of
The Trust Company of America, 37 Wall Street,
New York City.
F. S. JEROME, Treasurer.
Dec. 22 1910.
The Board of Directors has this day
declared a dividend of THREE AND
ONE-HALF PER CENT (3^%), free
of tax, payable January 3 1911 to
stockholders of record at the close of
business this day.
business December 24, 1910.
FRANK L. HILTON, Secretary.
26 Broad Street.
City of New York.
of the
York.
The Board of Directors
be
stock¬
Satur¬
1910.
EDWIN B. DAY, Cashier.
day, December 31, 1910.
WM.
R.
DRIVER, Treasurer.
The New River
NEW YORK COUNTY NATIONAL BANK.
New York, December
Company
The
lared
First Mortgage Collateral Trust 5% Conver¬
tible Gold Bonds With Sinking Fund
Coupon Number 3, due January 1st,
22, 1910.
117th Dividend
this Bank have to-day desemi-annual dividend of Twenty Per
Directors of
a
lent, payable on the
third day of January, 1911.
Tapster nooks to be cl >se I from December 27th,
910, to January 3rd, I'll, both dates inclusive.
1911, will
the office of the Federal Trust Com¬
62 Devonshire Street, Boston.
GEORGE W. BUNTON, Auditor.
be paid at
WESTINGHOUSE
Electric & Manufacturing Company
pany,
New York, December 21, 1910.
quarterly dividend of ONE AND THREEQUARTERS PER CENT, and in addition thereto
AND
ONE-HALF PER CENT, on
THREE
account of dividends accumulated since Sept. 30,
1907, will be paid January 16, 1911, on the
PREFERRED Stock of this Company to holders
of record.
Transfer books for the PREFERRED
Stock will be closed Jan. 6th, 1911, at 3 o’clock
P. M., and opened Jan. 17th, 1911, at 10 oclock
A. M.
T. W. SIEMON, Treasurer.
THE CHESAPEAKE & OHIO RAILWAY
COMPANY.
To the Holders of the Six Per Cent Mortgage
Gold Bonds of 1911, of the above-mentioned
Railway Company, Issued under trust deed dated
January 1, 1881, to John Hillhouse and Edward
St. John, as trustees:
Notice is hereby given to the holders of the
above-mentioned bonds (sometimes known as
the Peninsular Division Bonds of said Railway
Company) that payment will be made at the
office of Central Trust Company of New York,
No. 54 Wall Street, New York City, on and after
the date of maturity of said bonds, to wit.: Jan¬
uary 1, 1911, of the principal thereof, together
with the Interest thereon from October 1. 1910,
to January 1, 1911, payable with said bonds In
accordance with their terms, upon presentation
and surrender of said bonds at the office of said
Trust Company. r
Dated, New York, Deoember 22, 1910.
JAS. STEUART MACKIE, Treasurer,
THE JEFrERSON BANK
New York, December 21, 1910.
At a meeting of the Board of Directors held
)-day a semi-annual dividend of 4% was de¬
.
A
KANSAS GAS &
ELECTRIC CO.,
WICHITA, KANSAS.
REFERRED
STOCK
DIVIDEND NO. 3.
A dividend at the rate of SEVEN PER CENT
7%) per annum on the Preferred Stock of this
ompany has been declared for the quarter ending
lecember 31st, 1910, payable on the third day
_
f January, 1911, to Preferred
scord at the close of business on
910,
.
Stockholders of
December 22nd,
HE IMPORTERS AND
AMERICAN LOCOMOTIVE
CO.
stockholders
C, B. DENNY,
4th, 1911./.
UNITED
Secretary.
GAS,CeiMPROyEMENT
CO.
Arch Sts.
N. W. Corner Broad and
.
Philadelphia, Deo. 14 1910.
The Directors have this day declared a quarterly
Ivldend of two per cent ($1.00 per share) .payable
anuary 14 1911 to stockholders of record at the
lose of business December 31 1910. Checks wlU be
lalled.
LEWIS LILLIE, Treasurer. •
:
^
1
TRADERS NATIONAL
BANKOF NEW YORK.
New York, December 20th, 1910.
A dividend of Twelve Per Cent, free of tax,
is to-day been declared by this bank, payable
l the third day of January next.
The transr books will remain closed till that date.
nAXiri?T T
Pooh lav
XT
books will close,
January 4th, 1911.
ARNING, Assistant Secretary.
0 Church Street, New York, December 15, 1910.
The Board of Directors this day declared a
uarterly dividend of one and three-quarters
er cent upon the preferred capital stock, payable
anuary 21st, 1911, to the preferred
f record at the close of business on January 4th,
911.
Checks will be mailed.
Transfer books of the preferred stock will close
t 3 p. m. January 4th, 1911, and reopen January
payable January 4, 1911, to stockholders
December 27th, 1010.
December 27th and
Transfer books will close
;open January 5th. 1911.
which day the transfer
on
nd re-open on
M. H.
HE
area,
f record as of
XT
FIDELITY TRUST COMPANY.
New York. December 21, 1910.
Board of Directors of the Fidelity Trust
Company has declared a Christmas dividend of
TWO PER CENT (2%) and a semi-annual divi¬
dend of THREE PER CENT (3%) on the capi¬
tal stock of the Company, the former payable
on December 22,
1910, and the latter on Janu¬
ary 3, 1911, to stockholders of record at the
close of business December 21, 1910.
Transfer books will be closed at 3 P. M. De¬
cember 21, 1910, and reopen at 10 A. M. Janu¬
ary 3. 1911.
'
’
Checks for the respective dividends will be
mailed on December 21 and Deoember 31, 1910.
: tmma A
h. MARS. Secretary.
The
*
-
-
DEO. 24
THE CHRONICLE
1910,]
glut dends.
giuidjeitds.
THE ATCHISON TOPEKA & SANTA FE
RAILWAY COMPANY.
New York, December 7, 1910.
The Board of Directors has declared a semi¬
annual dividend (being dividend No. 25) on the
PREFERRED STOCK of this Company of TWO
DOLLARS AND FIFTY CENTS ($2.50) per
share, payable February 1, 1911, out of surplus
net <income, to holders of said PREFERRED
STOCK as registered on the books of the Com¬
pany at the close of business on December 30,
1910.
The books will not be closed.
Dividend cheques will be mailed to holders of
PREFERRED STOCK who file suitable orders
therefor at this office.
C. K. COOPER, Assistant Treasurer.
5 Nassau Street, New York City.
THE DENVER & RIO GRANDE
RAILROAD CO. (Consolidated).
Broadway, New York, December 1st 1910
Board of Directors has this day declared
a semi-annual dividend of TWO AND ONE-HALF
PER CENT (2 14%) on the Preferred Stock of
this Company, payable January 16th 1911 to
165
The
stockholders of record on December 24th 1910.
The transfer books of the Preferred Stock will
close at 12 o’clock noon on December 24th 1910
and will re-open on the morning of January 9th
1911.
STEPHEN LITTLE, Secretary.
NEW YORK CENTRAL &
HUDSON
RIVER RAILROAD COMPANY.
^
Treasurer’s Office, New York, Dec. 7th,
A dividend of Five Per Cent on the capital
^
1910.
stock
of the New York & Harlem Railroad Company
will be paid by the New York Central & Hudson
River Railroad Company, Lessee (under the pro¬
visions of the contract between the two com¬
panies) at this office on the 3rd day of January
next, to stockholders of record at the close of
business on the 15th inst.
EDWARD L. ROSSITER, Treasurer.
OFFICE OF
THE ATLANTIC & DANVILLE RAILWAY CO.
Norfolk, Va„ December 22, 1910.
Coupon No. 21 of the First Mortgage 4% Gold
Bonds of The Atlantic & Danville Railway Com¬
pany, due January 1, 1911, will be paid at the
office of The Mercantile Trust Company, New
York City.
Coupon No. 13 of the Second Mortgage 4%
Gold Bonds of The Atlantic & Danville Railway
Company due January 1, 1911, will be paid at
the office of The Trust Company of America,
New York City.
ADAM TREDWELL,
Treasurer.
*
DETROIT & MACKINAC RAILWAY COMPANY.
40 Wall St., N. Y. City, Nov. 28th. 1910.
dividend of Two and One-Half Per Cent
(2 H%) on the Preferred Stock and a dividend
of Two and Ono-Half Per Cent (2H%) on the
Common Stock of this Company,
have this
A
day been declared, payable January 3rd, 1911,
to stockholders of record at the close
of business
December 15th, 1910.
The stock transfer
books of the Company will close December 15th,
1910, and reopen January 5th, 1911.
C. B. COLEBROOK, Treasurer.
on
LAKE SHORE & MICHIGAN SOUTHERN
RAILWAY CO.
Grand Central Terminal, New * ork, Dec. 21,
The Board of Directors of this Company
1910.
have
declared a semi-annual dividend of SIX PER
CENT upon its Capital Stock, payable at this
office, January 28th,
1911,
record at 3 o’clock p. m. on
XIII
stockholders of
Friday, Dec. 30th,
to
1910.
They have also declared a semi-annual dividend
of SIX PER CENT upon the M. S. & N. I.
Guaranteed Stock, payable at this office Febru¬
ary 1, 1911, to stockholders of record at 3 o’clock
p. m. on Friday, December 30th, 1910.
CHARLES F. COX, Treasurer.
CLEVELAND CINCINNATI CHICAGO &
ST. LOUIS RAILWAY CO.
Grand Central Terminal, New York, Dec. 21, 1910.
The Board of Directors of this Company have
declared
a quarterly dividend of ONE AND ONEQUARTER PER CENT on the Preferred Capital
TheNew%hkTrustCompanY
26B310AB STRFFT
COUPONS DUE AT THIS OFFICE ON AND AFTER JAN. 1, X911
Ashland Water Works Co. 1st Mtge5s New Orleans City RR. Co. Gen. 5s
New Orleans Ry. & Lt. Co. Gen.43^s
Athens Terminal Co. 1st Mtge. 5s
Auburn Gas Co. 1st Mtge. Skg.Fd.5s N. Y. & Westchester Ltg. Co. Gen.
Bronx Gas & Electric Co. 1st Mtge.5s Northport Water Works Co. 1st 43^s
Central Market St. Ry. Co. 1st S.F. 5s Norwich Gas & Electric Co. 1st 5s
Citizens Gas & Electric Co. of Council Paducah City Railway 1st Cons. 5s
Bluffs 1st Mtge. 5s
Peace River Phosphate Min. Co. 1st
Con. 6s
City of Galveston, Texas
City of Pullman, Wash., Funding 6s Pine Bluff Corporation, The, Gold 5s
City of Rome, Ga., Renewal or Re¬ Plattsburgh Traction Co. 1st 6s
Pocahontas Cons. Collieries Co., Inc.,
funding Mtge. 4^s
50-Yr> 5% Gold
City of Sedalia, Mo., Refg 43^s
Citizens Gas & Fuel Co. of Terre Richmond Lt., Ht. & Pwr. Co. 1st
Ref. 5s
Haute, Ind., 1st Refg 5s
City Water Co. of Maryville 1st M. 5s St. Lawrence & Adirondack Ry.
Clinchfield Coal Co. 1st 5s
Consolidated Gas, Electric Lt. &
Power Co. of Balt. 3-Yr. 5%Notes
East Hampton Electric Light Co. 6s
East Ohio Gas Co. 1st Mtge. S.F. 5s
Edison Elec. Lt. & Pwr. Co., Erie,
1st 5s
Sharon & New Castle Railways Co.
1st Lien S. F. 5s
r
Somerset County, N. J., Building 4s
Spartanburg Ry., Gas & El. Co.
1st 5S
.
Spartanburg Ry., Gas & El. Co.2d 5s
Equitable Illuminating Gas Light Co. Springfd Ry. & Lt; Co. 1st L’n
Ref. 5s
of Phila., Pa., 1st Mtge. 5s
Erie County Electric Co. 1st Mtge. 4s Tacoma Gas & Electric Co. 1st 5s
Tanana Valley RR. Co. 8% 3-Yr.
Florida Publishing Co. 1st Mtge. 6s
Pa., 1st 6s
Fonda Johnstown & G1 overs ville RR.
Co. Gen. Refg 4s
Fonda Johnstown & Gloversville RR.
Co. 1st Cons. Refg 4>£s
Coll. Trust Gold Notes
The Temple Lt. & P. Co. 1st
Terminal Warehouse Co. 2d
Hackensack Water Co. 1st 4s
United Gas & Elec. Co. of N. J. 1st
Mtge. 6s
Mtge. 5s
Tombigbee Val. RR. Co. Gen. L’n 6s
Franklin County, N. C., Fdg. Bonds Tri-State Land Co. Refg & Imp’t 6s
of 1901
Underground Elec. Rys. Co. of Lon¬
Globe Street Railway Co., Debt. 5s
don, Ltd., 4^% Bds. of 1933
Underwriters Bldg. Co. 1st 5s
Greenwich Tramway Co. 1st 5s
Herkimer
1st 5s
County Light & Power Co.
Mtge. 5s
United
Missouri
River
Power
Co.
6^0 Notes
Indianapolis Water Co. Gen’l Mtge.
Utica Belt Line St. RR. Co. 2d
4J^s <fc 5s
Mtge. 5s
Jonesville, S. C., School Dist. 5^s
Kan. City & Westport Belt Ry. Co. Utifea Clint. & Bing’mton RR. Co.
Gen. 5s
1st 5s
City So. Ry. Co. Ref. & Imp. 5s
Kootenai County, Idaho, Fdg. Bonds
6%
Lincoln Traction Co. (new) Gold 5s
Lincoln Traction Co. (old) Gold 5s
Lockport Light, Heat & Power Co.
1st Mtge. Refg 5s
Kan.
Macon Dublin
1st 5s
& Savan. RR. Co.
Virginia Portland Cement Co. 1st 5s
Western N. Y. & Penna. Ry. Co.
1st 5s
Worcester
& Conn.
Ry. Co.
4^s
Yakima County, Wash., S. D. No. 2
Youngstown-Sharon Ry. & Lt. Co.
East.
1st
1st S. F. 5s
DUE JANUARY 2 1911.
Mahoning & Shenango Ry. & Lt. Co. City of Oregon, Mo., W. W. & E. L.
5s
1st Cons. Refg 5s
National Conduit & Cable Co. 1st 5s
New London Steamboat Co. 1st 6s
New Orleans City & Lake RR. Co.
1st 5s
DUE JANUARY 14 1911.
Wladikawkas Ry. Co. (Russia)
DUE JANUARY 15 1911.
4s
Fayette-Kanawha Mining Co. 1st 6s
Stock of this Company, payable at the office of
Messrs. J. P. Morgan & Co., New York, on Janu¬
ary 20th, 1911, to stockholders of record at
3 o’clock p. m. on Friday, December 30th, 1910.
CHARLES F. COX, Treasurer.
CANADA
SOUTHERN RAILWAY CO.
Grand Central Terminal, New York, Dec. 21 1910.
The Board of Directors of this Company have
declared a semi-annual dividend of ONE AND
ONE-HALF PER CENT upon its Capital Stock,
payable at this office, February 1st, 1911, to
stockholders of record at 3 o’clock p. m. on
Friday, December 30th, 1910.
CHARLES F. COX,
Treasurer.
SEABOARD AIR LINE RAILWAY.
Five Per Cent
Adjustment Mortgage Gold Bonds.
First Mortgage 5% Gold Bonds.
Coupon No. 36, due January 1, 1911, from the
First Mortgage 5% Gold Bonds of this company
will be paid upon presentation on and after Janu¬
ary 1, 1911, at the office of the Guaranty Trust
Co., of New York, 23 Nassau St., New York.
ATLANTIC COAST LINE RAILROAD
Bangor & Aroostook Railroad Co.
COMPANY.
MICHIGAN CENTRAL RAILROAD CO.
Grand Central Terminal, New York, Deo. 21,1910.
The Board of Directors of this Company have
declared a semi-annual dividend of THREE PER
CENT upon Its Capital Stock, payable at this
office Jan. 28th, 1911, to stockholders of record
at 3 o’clock p. m., on Friday, Dec. 30th, 1910.
CHARLES F. COX, Treasurer.
The Kansas City Southern Railway Co.
No. 25 Broad St., New York, December 20, 1910.
A
quarterly dividend of ONE PER CENT (1%)
has this day been declared upon the Preferred
Stock of this Company, from surplus earnings of
the current fiscal year, payable January 16, 1911,
to stockholders of record at 12:00 o’clock noon,
December 31, 1910.
Checks for the dividend will be mailed to stock¬
holders at the addresses last furnished to the
Transfer Office.
G. C. HAND, Secretary.
GULF & SHIP ISLAND RAILROAD CO.
First Refunding & Terminal Mortgage Bonds
Coupons and Registered Interest Checks cover¬
ing Interest due January 1st, 1911, and prior
thereto, on the above bonds, will be paid by the
Metropolitan Trust Co., Fiscal Agents, 49 Wall
St., New York City. ,
<
;
•
(V.
,-Vm.o m
\
R. E. POWERS,
.
**
.Treasurer.
Bangor & Aroostook Railroad Co*
semi-annual installments of interest on this
Company’s Adjustment Bonds, amounting to
2)4% ($25 00), represented by Coupons Nos. 3
and 4, for $12 50 each, will be paid on and after
February 1, 1911, at the office of Messrs. Blair &
Co., No. 24 Broad Street, New York.
Seaboard Air Line Railway,
By D. C. PORTEOUS, Secretary.
New York, December 22, 1910.
The
Interest of five per centum
for the fiscal year
ending December 31st, 1910, will be paid upon
the Income Bonds, dated December 12th, 1887,
of the Rrunswick & Western Railroad Company,
upon presentation of such bonds at the office of
the Safe Deposit & Trust Company of Baltimore,
No. 13 South Street, Baltimore, Maryland, and
upon proper receipt therefor being endorsed upon
each bond.
H. L. BORDEN, Secretary.
Office of the
BANGOR RAILWAY & ELECTRIC CO.
Bangor, Maine.
December 13, 1910.
The Board of Directors of the Bangor Railway
& Electric Co. has declared a quarterly dividend
of One and three-quarters per cent (1 H%) upon
the Capital Stock, payable January 1st, 1911, to
stockholders of record at the close of business
December 15th, 1910.
Checks will be mailed.
HOWARD CORNING, Treasurer.
PHILADELPHIA COMPANY.
Treasury Department.
Pittsburgh, Pa., Deoembcr 15th, 1910. ;
DIVIDEND: The Directors this day declared
the regular quarterly dividend on the Common
Stock of one and one-half (1 H%) per cent, pay¬
able February 1st, 1911, to stockholders of record
January 3rd, 1911.
Cheques will be mailed.
HB-a
C. J. BRAUN JR., Treasurer.
EDWARD STETSON, Treasurer.
Bangor, Me., Dec. 20, 1910.
Second Mortgage Bonds.
Coupon No. 31, due January 1, 1911, from the
Second Mortgage 5% Bonds of this Company will
be paid upon presentation on and after January 1,
1911, at the office of the Guaranty Trust Co.,
of New York, 28 Nassau St., New York.
EDWARD STETSON, Treasurer.
Bangor, Me., Dec. 20, 1910.
Bangor & Aroostook Railroad Co.
Consolidated Refunding Mortgage 4% Bonds.
Coupon No. 19, due January 1, 1911, from the
Consolidated Refunding 4% Bonds of this Com¬
pany will be paid upon presentation on and after
January 1, 1911, at the offices of Messrs. Lee,
Higginson & Co., 44 State Street, Boston.
EDWARD STETSON, Treasurer.
Bangor, Me., Dec. 20, 1910.
UNITED
FRUIT
COMPANY
DIVIDEND NO. 46
A quarterly dividend of two per cent on the
capital stock of this company has been declared,
payable January 14 1911 at the office of the
Treasurer, 131 State Street, Boston, Mass., to
stockholders of record
December 24 1010.
at the close
of business
CHARLES A. HUBBARD, Treasurer.
xrr
THE CHRONICLE
[YOIl.
ffitt&ttjcial.
T.TTTTT
gittatxjcial.
TO THE HOLDERS OF
$5,000,000
MINNEAPOLIS & ST. LOUIS RAILROAD COMPANY
<&iti*jetxs (fruutval
5% GOLD NOTES, DUE FEBRUARY 1, 1911.
Holders of the above-mentioned Notes
hereby notified that this Company
$1,000,000 par value thereof, and to offer to
extend the remaining $4,000,000 Notes to
February 1 1913, at 5% interest per
annum, payable semi-annually February 1st and August 1st.
The $4,000,000 Notes will be secured
by the same collateral as is now pledged
for the $5,000,000 Notes, viz.:
$6,250,000 Minnesota Dakota & Pacific Railway Company First Mortgage
Bonds, being all the bonds issued in respect of 229.60 miles of railway, on
which said bonds are a first
mortgage, and all the stock.
The Indenture securing the $4,000,000 Notes
issued in exchange for those
maturing will provide that the Minnesota Dakota & Pacific Railway Company
First Mortgage Bonds, deposited as
collateral, shall bear interest at the rate of
5% per annum instead of 4% as heretofore, that the Company shall deposit
thereunder any additional Minnesota Dakota & Pacific
Railway Company Bonds
and Stock which may be issued
during the life of said Notes, that the collateral
may be changed with the written consent of Speyer & Co. under the terms and
restrictions therein set forth, and that the new Notes
may be redeemed at any
time at par and interest, at the
company's option, upon sixty days' previous notice.
A cash payment of $25 in
respect of each $1,000 Note extended will be made
to holders accepting the extension.
has decided to pay off at
maturity
are
JJaticnml
at
Hew
920 BROADWAY
Edwin S. Schenck. President
Francis M. Bacon Jr., Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith, Asst. Cashier
James McAllister, Asst. Cashier
W. M. Haines. Asst. Cashier
Capital
$2,550,000
Surplus and Profits $1,700,000
Holders of the above-mentioned Notes who desire to avail themselves
of the
privilege of extension on the above-mentioned terms must, ON OR BEFORE
JAN. 5, 1911, deposit same (ex
February 1, 1911, coupons) with MESSRS.
SPEYER & CO., New York, against Temporary
Receipts, exchangeable for the
Definitive New Notes on or about
February 1, 1911, when the payment of $25
per $1,000 Note will be made.
The right is reserved to withdraw the above offer
at any time without previous notice.
Notes not deposited for extension as above will be
paid at maturity at the
office of the Central Trust Company of New York.
Copies of the Trust Indenture securing the New Notes to which reference is
made may be obtained upon application.
We Own and Offer
City of Perth Amboy, N. J.
4/4s
THE MINNEAPOLIS & ST. LOUIS RAILROAD
CO.,
By F. H. DAVIS, Treasurer.
New York, December 16th, 1910.
R. M. GRANT & CO.
BANKERS
Referring to the foregoing notice,
prepared to accept deposit
Minneapolis & St. Louis Railroad
Company, simultaneously with the delivery of the new Notes, make the abovementioned cash payment of $25 in respect of each
$1,000 Note extended.
we are now
SI NASSAU STREET
NEW YORK
of the Notes, and will, on behalf of The
SPEYER
New
CO.
York, December 16th, 1910.
H. M. Byllesby & CO.
ENGINEERS
Chicago & North Western Ry. General Mtge. 4s, 1987
Yielding About 4.05%
Long Island Railroad, Stewart Line 4s, 1932
Yielding About 4.40%
Colorado & Southern
Railway Refunding 4Ms, 1935
Yielding About 4.70%
EXAMINATIONS and REPORTS
218 La Salle Street, CHICAGO
Portland. Ora.
Oklahoma City, Oklahoma,
Mobile, Ala.
Erie Railroad Prior Lien 4s, 1996
Yielding About 4.75%
Chicago Great Western Railway 1st Mtge. 4s, 1959
Yielding About 4.75%
Lackawanna Steel Co. Convertible Debenture 5s, 1915
Yielding, About 7.25%
We own and offer the above securities in fair
amounts
and will gladly submit offerings at market
prices.
KEAN, TAYLOR & CO.
30 PINE
STREET, NEW YORK CITY.
Office Of
H. M. BYLLESBY & COMPANY.
Engineers,
Managers,
Chicago.
The Board of Directors of the OKLAHOMA
GAS & ELECTRIC COMPANY of Oklahoma
City, Oklahoma, has declared a quarterly dividend
of two per cent (2%)
upon the common stock of
the company, payable by check December 15th
1910 to stockholders of record as of the close of
business November 30th 1910.
ROBERT J. GRAF, Assistant Secretary.
Office of
H. M. BYLLESBY & COMPANY,
Engineers,
Managers,
Chicago.
The Board of Directors of the SAN DIEGO
CONSOLIDATED GAS & ELECTRIC COM¬
PANY of San Diego, California, has declared a
Tel. 3220 John.
quarterly dividend of one and three-quarters per
the common stock of the com¬
check December 15th 1910 to
cent (1 H%) upon
pany, payable by
Utwiajends.
CUMBERLAND TELEPHONE &
TELEGRAPH CO.
Nashville, Tenn., December 15, 1910.
The Directors this day declared regular
quar¬
terly dividend, being number one hundred and
nine, of two per cent, payable January 2nd, 1911,
to stock holders of record, close of
business,
December 24th.
Stock books will re-open for
transfers of stock on December 27th.
T. D. Webb, Treasurer.
CAROLINA POWER & LIGHT COMPANY
PREFERRED STOCK DIVIDEND NO. 7
The Board of Directors of this
Company have
declared the regular quarterly dividend of One
and One-Half (1 y2%) Per Cent
upon the Preferred
Stock of the
Company, payable January 2, 1911,
to said stockholders of record at the close of
business December 28, 1910.
The transfer books
will remain open.
Checks will be mailed.
E. P. SUMMERSON, Secretary.
stockholders of record as of the close of business
November 30th 1910.
ROBERT J. GRAF, Assistant
Secretary.
Bank Officer, young, experienced, would con¬
sider change of position, down-town institution
preferred. Address, M. R. F., care “Chronicle,’'
P. O. Box 968, New York City.
Dec 24
THE CHRONICLE
1910.]
XT
$3,500,000
SULZBERGER & SONS COMPANY
Successor
(by merger) to
Schwarzscltild & Sulzberger Company
SEVEN PER CENT. CUMULATIVE PREFERRED STOCK
PREFERRED AS TO BOTH ASSETS AND DIVIDENDS.
Redeemable at the option of the Company at 126 and accrued dividends.
Quarterly dividend dates, the first days of January, April, July and October.
PAR VALUE OF SHARES $100.
CAPITALIZATION
Seven Per
Cumulative
Cent.
Preferred
Stock:
Issued
and
Outstanding
(Including the $3,500,000 Stock embraced In the present sale,)
Unissued In Treasury ol the Company
-
-
-
$8,720,000
-
-
3,280,000
Common Stock
-
-
-
-
-
-
-
-
$12,000,000
20,000,000
-
Attention is directed to a letter of Ferdinand Sulzberger, the President of the Company, (copies of which may be
had at the offices of the undersigned), which he has summarized as follows:
The Company, whose business was established in 1853, is now one of the four largest packing companies in the
United States. It has large packing plants in New York, Chicago and Kansas City, and a fourth is in process of erection
City. Its present plants have a combined capacity of 100,000 oattle, sheep and hogs per week and its gross
$100,000,000 per year. It has 112 distributing plants and over 1,700 railroad oars, of whioh 1,300 are re¬
frigerator cars, by means of which it distributes its product to over 850 cities and towns of the United States. It also
maintains branches and agencies in numerous European cities.
This $3,500,000 of stock has been sold for the benefit of the treasury of the Company and the proceeds will be used
principally to retire bills payable.
All the Company’s packing plants are free from mortgage and the only incumbrances upon its other property are
$105,000 of equipment warrants and $169,500 of mortgages outstanding against minor properties at the time of acquisition.
The following statements are based upon the Balance Sheet as of January 1, 1910, after giving effect to the sale of
this preferred stock, and are certified by Messrs. Price, Waterhouse & Co., Chartered Accountants:
at Oklahoma
business is about
and plants (based upon valuations of the paeklng
Real estate, buildings
plants by Independent appraisers and after deducting the renewal
and depreciation fund),
----- $9,654,216.38
--
through a subsidiary cor¬
poration wholly owned by the Company),
1*263,250.00
Refrigerator and other railroad cars, and other property of subsidiary
corporations wholly owned by the Company, - 1,870,990.77
Quick assets,
"
■
14,859,481.07
Additional New York City real estate (held
,
Miscellaneous investments, etc.,
-
-
-
-
-
-
-
-
-
-
346,997.03
$27,994,935.25
Deducting all debts, Including $5,401,000
Ten-Year Debentures,
-
-
9,709,574.36
(without Including any allow¬
equivalent to more than TWICE the outstanding preferred
stock, including the present Issue
$18,285,360.89
-
Net assets behind
the $8,720,000 of preferred stock
for good-will),
ance
Average annual net profits of the Company during the last three years (after deduc¬
ting all interest charges and giving effect to the present sale of preferred stock,
but prior to deducting the provisions for depreciation and renewals), equivalent
to about 20 PER CENT, on the outstanding preferred stock, including the present
issue
The
-
-
-
$1,713,262.00
packing plant at Oklahoma Oity should result in a further material increase in profits.
the proceedings has been approved by Messrs. Joline, Larkin & Rathbone and Messrs. Cravath, HenTemporary stock certificates will be issued pending the delivery of definitive engraved certificates.
operation of the
The legality of
ierson & de Gersdorff.
-
new
Application will be made to list the preferred stock upon the New York, Chicage and Amsterdam Stock Exchanges.
large amount of this issue here and in Europe, we will receive
subscriptions for the unsold balance at 99(4 per cent, and accrued dividend.
Having placed
a very
subscription will be opened on Friday, December 23rd, 1010, at 10 o’clock and closed at 3 o’clock, P, M.
day or earlier at the option of the undersigned. The right is reserved to reject any application and to
award a smaller amount than applied for. Payment in full to he made upon allotment. Subscription blanks may bo
The
the same
obtained from the undersigned.
A simultaneous issue will he made by Messrs.
ADOLPH BOISSEVAIN & CO., Amsterdam, Holland.
Hallgarten & Co.,
5 Nassau Street, New York.
William Salomon & Co.,
25 Broad Street, New York.
December 21, 1910.
Subscription Books Closed Friday December 23rd at 10 a. m.
This advertisement appears as a matter
of Becord, the stock having all been sold
XVI
THE CHRONICLE
|Vox..
trxxxi.
J*inanxtat.
For January
Investment
attention of those comtemplating investments during
qpHE
t is invited
to our
the January period
present offering, the. unsold portions of two especially attrac¬
tive issues of First Mortgage Traction Bonds, secured
by properties which have
been in operation for a period of years and have a well demonstrated
earning value.
WEST
PENN
First
TRACTION
Mortgage 5% Gold Bonds
Tax Free In
Dated June 1, 1910
COMPANY
Pennsylvania
Due June 1, 1960
Registerable
Denominations $1000 and $500
as to
principal
This company furnishes transportation, electric
light and power in"over fifty municipalities in
the Connellsville Coke Region, Western
Pennsylvania. It operates over 157 miles of track. Its
franchises extend for 990 years.
Its service is practically exclusive.
In 1909 its earnings were at the rate of
$8,428
per mile of track operated, which compares favor
ably with the average earnings per mile of track of the steam railroads in the United States for the
same period, which were about
$10,500. The earnings of the property for the year ending Septem¬
ber 30, 1910, were at the rate of $9,312
per mile of track operated, or an increase of
approximately
10.5% over the year ending December 31, 1909.
WESTERN NEW YORK &
PENNSYLVANIA TRACTION COMPANY
First and
Refunding Mortgage 5% Gold Bonds
Tax Free in New York and
Pennsylvania
Dated December 1, 1906
Denomination $1000
Due
Callable at 105 and interest prior to
January 1, 1912!
Thereafter at 110 and interest
January 1, 1957
This company operates about 98 miles of electric traction
property connecting Bolivar, Olean
and Salamanca, N. Y., and
Bradford, Pa. These bonds were issued with the approval and consent
of the New York State Board of Railroad
Commissioners.
They are a first mortgage subject to only
$300,000 divisional liens which are being retired through their respective
sinking funds.
The bondholders are protected in this investment
by a wide margin of equity, approximately
$1,000,000 over and above the proceeds of this issue having been invested in the
property, by the
stockholders. The bonded debt is less than
$24,000 per mile. The company\s franchise rights are
practically perpetual and its service is in effect exclusive.
We shall be pleased to send
descriptive circulars and further details
above offerings upon application.
Our recent
concerning the two
publications, “The $100 Bond,” and
“Quick Assets for Business Firms,” will be furnished
upon request. Address Department 3.
J. S. & W. S.
Bank for
Savings Building, PITTSBURGH, PA.
CHICAGO
First National Bank
KUHN, Inc.
Bldg.
NEW YORK
37 WALL STREET
PHILADELPHIA
Real Estate Trust Building
BOSTON
Kuhn, Fisher & Co., Incorporated, 15 Congress St.
I
'
‘
•
>
.
I
■
■
.
:
.
:
.
•
:
-
■
:
_
.
•)
,
firrattnal
TV
INCLUDING
Quotation Section
Railway & Industrial Section
Electric
Railway Earnings Section
Bankers’ Convention Section
State
Bank &
Week ending December 17
Chronicle.
Clearings at—
PUBLISHED WEEKLY.
Subscription—Payable In Advance
$10 00
For One Year
For Six Months
6 00
Subscription (including postage)
Subscription six months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)..'
Canadian Subscription (including postage)
Subscription includes following Supplements—
13 00
7 50
European
European
BANK AND QUOTATION (monthly)
Railway and Industrial (quarterly)
Railway Earnings (monthly)
Terms of
£2 14 s.
£1 11 s.
$11 50
State and City (semi-annually)
Electric Railway (3 times yearly)
Bankers’ convention (yearly)
Standing Business Cards
Two Months
(S
Three Months (13
Six Months
(26
Twelve Months (52
$4 20
times)
times)
times)
times)
22
20
50
87
00
00
00
00
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block; Tel. Harrison 4012
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
WILLIAM
P. O. Box 958.
COMPANY, Publishers,
Front, Pine and Depeyster Sts.,
New York.
B. DANA
Published every Saturday morning by WILLIAM B. DANA COMPANY.
Jacob Seibert Jr., President and Treas ; George S. Dana and Arnold G. Dana,
Addresses of all. Office of the Company.
Vice-Presidents: Arnold G. Dana, Sec.
CLEARING-HOUSE RETURNS.
The following table, made up by telegraph, &c.t
bank clearings of all clearing houses of the United
Cincinnati
Cleveland
Detroit
Milwaukee.
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Kalamazoo
Ill-_
Fort
(14 agate lines)
Indicates that the total
States for week ending
to-day have been $3,111,867,045, against $3,130,456,340 last week and
$2,978,332,185 the corresponding week last year. Last years figures cover
only five days on account of Christmas holiday.
Wayne.
Youngstown
___
Akron
Canton
Rockford
Lexington
Bloomington
Quincy
Decatur
Springfield, O
South Bend
Jackson
Mansfield
Danville
Per
Cent.
1910.
1909.
$1,451,544,110
130,302.080
122.249,516
27.269,719
236.001,905
66,940,915
21,864,263
$1,808,310,000
Seven cities, 5 days.
Other cities, 5 days...
$2,056,172,508
$2,442,370,661
535.961.524
-15.8
540,276,914
Total all cities. 5 days.
All cities, 1 day
$2,596,449,422
$2,978,332,185
-12.8
New York
Boston
149,704,252
,
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans.
136.428,199
26,893,185
235,159,485
65,103,243
20,772.297
—19.7
—13.0
—10.4
+ 1.4
+0.4
+ 2.8
+5.0
+0.8
Jacksonville, Ill.
Total all cities for week
$3,111,867,045
+ 4.4
$2,978,332,185
Week ending December
San Francisco
Los Angeles
Seattle
Portland
Salt Lake City..
Tacoma
Oakland
Helena
Sacramento
San Diego
Fresno
Stockton
San Jose
North Yakima
BlUIngs
Pasadena
Omaha
St. Paul
Denver
Duluth
St. Joseph
Des Moines
Sioux City
Wichita
Topeka
1910.
Philadelphia
....
Pittsburgh
Baltimore
Buffalo
Albany
Wilmington
Rochester
Scranton
Syracuse
Wilmington
Reading
Wilkes-Barre
...
Wheeling
Harrisburg
Trenton
York
Erie
Chester
Greensburg
Binghamton
Altoona
Franklin
..
....
r
Total Middle
Boston
Providence
Hartford
New Haven.
_.
*
Springfield
Portland
Worcester
Fall River
New Bedford
Lowed
...
_
..
Holyoke..-.---.
1909.
1908.
$
$
$
%
$
1.743.653.476 2,255,470,650 —22.7 2,142,183.798 1,230,966,987
117.969,373
135.870,107
147.914.847
184,068,620 —19.6
46.521.005
—8.6
41.784,309
50,106,146
54.794.283
25,717,129
28,028,979
36,427,840
33,878,496
+7.5
7.376.114
—3.6
8,933,786
9,796,708
10,158,291
4,880,075
—15.3
5.491,027
6,151,170
6,483,611
4.853.566
6,161,439
7.759,213
+ 5.8
7.334,268
3,902,583
3,715.867
4.249,379
4.074.678
+ 4.3
2,387,190
—1.2
2,663.496
2,658,606
2,690.760
1,955,872
—3.9
1,903,493
2.279.251
2,372,161
1,267,169
—3.3
1.329.389
1,631.454
1,688,050
1,116,833
1.475,441
1,686,286
1,669,730
+ 1.0
—4.6
1,128.433
1,296,874
1,383,401
1,450,938
1,415,193
1,448,853
1,868,301
1,692.341 +10.4
1,098,148
1,229,484
1,453.277
1,257.268 + 15.6
1,742,225
1.597,485
1,707,414
+2.0
683.955
824,185
1,062,448
955,774 + 11.2
694,028
—6.7
660,989
856.869
918,329
536,551
—12.4
506.202
•542,357
619,407
475,651
—6.2
499,960
590,246
629,411
471,100
492,200
534,200
469.200 + 13.9
559,926
—7.5
484.488
500.000
540.267
243,519
271,701
+6.8
295,000
315,000
2,024,502,557 2,575.210.947
—21.4
178,82 42731
10.32X.NOO
4.597,984
3,061,686
2.310.000
1,885,664
2,231,094
1.280.164
1,174.544
389.068
582,538
-10.0
161.021,799
8,949,100
4,438,880
3,087,808
2.502,621
2,003,054
2,332,117
1,325,412
1.365.333
630.698
669,113
—13.3
—3.5
+0.9
+8.3
+ 6.3
+4.5
+3.5
+ 16.3
+7.1
+ 14.9
2,389,513,695 1,456,216,400
165,336,662
8.140.600
3,470,476
2.492,199
2,346,140
1,703,662
1,815.502
1,342,072
929.463
489.640
468,751
122,921,433
6.629,700
2,977,361
2.118.655
1,618,523
1.794.274
1,289,061
1,043,175
701,305
477.919
444,168
Tqt. New Eo*.:
183,325,96$
X. —9.Q
Note.—For Canadian Clearings see "Commercial and Miscellaneous News,
Rapids..
Fargo
1907.
Sioux Falls
Colorado Springs
Pueblo
....
Fremont
Waterloo
Hastings
Tot. oth.West.
51,721,737
25,806,500
15,347,904
11,255,907
10.052,241
4,066.736
6J25.163
3,408,052
2,922,409
80.341,182
25,502,727
17,210,575
15,054.428
)9,288,500
7,690,381
10,012,235
16,346,256
8,113,689
8,451,844
4,900,000
3,307,994
2,991,051
Birmingham
Augusta
2,975,990
2,896,687
2,020,000
JacksonviUe
Chattanooga
Charleston
2,310,665
1.703,627
1,850,000
2,378,070
Mobile
KnoxvlUe
Total aU
+0.2
+ 12.0
+ 16.6
+ 7.8
—1.5
—0.9
—0.2
+ 18.0
+60.9
+ 11.5
1
2,500.000
3,283,479
2,750,000
t 675,00C
f 535,992
'
895,76*!
•
a
1908.
1907.
$
S
262.502,015 ? 197.531,272
26,246,900
22.274,100
17,390,378
15,380,613
14,846,720
13,575,366
11,896,158
10,664.648
9,275,852
5,830,528
5,177,100
4.447,200
3,729,633
3.591,404
3.286.600
2,501,191
2,283,292
2.092,086
1,759.238
1,440,842
2,190,057
1.550,107
1,112,268
814.204
1,073,491
866,632
811,058
659,665
694,277
562.483
700,000
530.000
798,537
522,829
671.056
673,439
633,808
724,961
503,779
439,381
461,445
484.569
i
364.341
480,428
418.812
474,606
381.111
356,220
325,000
294,044
215,976
368.591
296.112
288,011
250,212
230.344
285,000
§280,013
135,363
1161,697
20,000
fi 21,336
In total
25,000,698
15,357,650
13,388,085
10.222.646
3,749,256
6,916,340
3,733,713
2,811.187
2,870,651
3,420.124
1,420,432
1,528,088
1.457.559
1,749,868
1,309,591
1,655,053
1,322.215
1.280.745
1,061,389
889,286
850,000
1,150,000
783,598
844,494
805,439
663,446
287,205
296.344
844,584
1,011,759
199,892 Not Included
144.319.312
150.728.224
Norfolk
Total Southern
—1.5
—3.6
48.064,302
+9.7
15,706,067 + 13.9
14,209,545 —21.5
—1.8
5.020.158
+ 8.4
9,852,996
+0.7
7,829.331
5.887.493 —22.4
2,271,409 +66.0
1,072,664 —13.5
1,396,325 + 10.5
1,163,000 + 16.1
768,472
+ 8.6
711,230
—2.3
—6 0
524,160
+9.7
480,000
260,868 —40.4
5 0,000 + 30.0
115,768,020
Nashville
....
+ 16.9
+ 13.0
+3.0
+ 17.8
424,335,136
55.059.442
Atlanta
Fort Worth
Savannah
Meridian
—4.5
—2.8
+ 13.0
352,727
158,542
29,893
620,345
120,868,178
Memphis
Vicksburg
Wilmington, H.C.
Jackson, Miss...
+15.4
[376,842 —18.4
52,742,139
17.891.356
11,154,338
4,931.189
10,683,011
7,887,583
4,569,772
3,769,379
927.308
1,542,307
1,350,000
834,811
695,107
492,728
526,732
155,418
715,000
St. Louis
New Orleans....
LouIsviUe
Houston
Galveston
Richmond
Little Ro'ik
Oklahoma
Austin
Macon
Beaumont
—6.0
+ 4.3
—9.6
492,470
477,095
385,121
395,501
421,868
408,840.310
Kansas City
+ 5.9
+0.8
+ 2.4
+5.7
+7.9
633.275
607,493
535.183
Not included
Tot. Mid. West
——6.2
—10.0
—4.8
+ 16.2
+ 12.5
298.062,243
29,390,500
20,985,456
17.617.835
13,055,613
9,667,689
6,339.700
4,793,171
3,661,939
2,755,843
2,105,896
2,461,301
1.474.958
996,606
1,099,645
1,114,637
953,000
977,050
737,230
1,218,814
19,978,560
20,467,206
14,684,519
10.234,947
6,392,100
4,907,402
3,868,985
2,972,561
1,979,061
2,566,568
1,333,298
1,150,000
1,048,435
1,083,085
1,077,100
1,142,267
833,091
1,255,910
746,720
598,553
536,406
551,667
556,202
415,000
389.629
418,155
307,301
[691.898
Cedar
Inc. or
Dec.
%
Saginaw
Lansing
Davenport
17.
$
187,110
Lincoln
Clearings at—
S
V 48,090
MinneapoUs....
The full details for the week oovered by the above will be given next Sat¬
urday.
We cannot furnish them to-day, clearings being made up by the
olearing houses at noon on Saturday, and hence In the above the last day
of the week has to be in all eases estimated, as e go to press Friday night.
We present below detailed figures for the week ending with Saturday,
noon, December 17. for four years.
Inc. or
Dec.
[351,912
Total Pacific
515.417.623
1909.
Lima
Ann Arbor
Adrian
Spokane
by Telegraph.
Week ending Dec. 24.
Clearings—Returns
1910.
279,580,022
26,486,550
Chicago
Springfield,
Advertising—Per Inch Space
Transient matter per inch space
New York
NO. 2374.
SATURDAY, DECEMBER 24 1910.
VOL. 91.
Terms of
Railway Section
and City Section
+0.06
+ 19.0
+ 1.7
—7.8
+ 2.8
6,376,702
+9.5
3,139,119
—3.8
+ 19.2
2,818,361
1,722.274
1,431.211
1,391.815
1,903,548
—3.1
+7.6
+ 20.0
+ 26.4
—3.1
—16.2
+35.3
+7.8
—17.6
+3.2
+ 19.3
+4.4
+3.9
(9.053.766
—15.1
2,025,000
1,760,267
1,713.553
1,929,664
2,264,276
1,111.854
1,300,000
780.000
425,00C
688,045
559.815
664,608
725.00C
383,944
237,191,13(
220,082,41i
30,792,401
6,769.661
7.270.876
2.574,209
4,415,828
3,100,271
4,953,315
1.369,496
771,658
850,000
316,963
350,000
63,634,738
30,770,487
23.413.277
10,019,989
10.505,438
7.361,788
4.075.651
2.708.424
2.006,741
1,101,759
921.035
1.134,851
869,759
742,715
666,500
660,000
596,577
605,381
276,888
840,380
823.778
400,000
834.043
697,570
486,748
In total
+ 12.5
1,802,982
289.722,425
965,311
805,000
616,405
579,701
544,077
300,000
258,339
90,267,833
43,097,891
21.132,049
14,092.141
10,795,038
10.353.799
+4.4
+6.4
77,358,437
26,024,235
16,898,773
14,305,018
8,257,000
7,416,144
13.416.097
8.498,599
6,291,180
4,617,136
3,482.857
2,636,152
2,615,677
2,282,340
371,026.968
39,618,748
11,933,423
9,519.516
3,768,185
7,023,873
6.460.414
5,156,951
1,646,518
1,071,282
—2.0
+ 1.9
+5.2
+35.0
+ 21.8
—4.5
+34.3
+ 6.1
—5.0
+ 13.5
+ 13.8
+ 26.9
+ 12.0
+ 14.1
—3.2
+7.9
+ 23.3
+ 10.4
+ 195.3
+ 111.5
—1.9
—4.S
+34.8
+7.f
+ 10.1
+ 7.11
121.546.467
70.171.576
21,014,581
15,247,405
15.602,832
8,010,500
7.337.975
6,551,365
6.051.864
6,626,089
4,607,849
3.452,388
3,045,031
2,124,155
2,266,217
1,707,952 k
1,604,566
1,406,587
1.426.229
1.354,151
1,787,799
1,398,338
612,773
937,401
671,48(
547,7111
437,3812
650,00()
186,042,21 2
99.037.260
'
59.157.989
23,056.768
8,885,101
9,170,550
7,292,000
6.590.086
6,266,543
5.338.537
4.502,34 S
5.649,85
3.543,4 .
£2. 11.
J'JD
0
1,3 G :
>1.2
1*16 ,6
U.433,180
•1.343.905
1,383.937
7 13,252
600,037
682,379
360.000
532,275
550.815
151.365.880
3,130,456,34() 3,686,582,11() —15. L 3,347.532,35 2 2.207,892.277
i ,386.802,86 4
1,431,111,4ft ) -.v*—3. 1 1,206,348,55 4^976,925.290
1670
THE CHRONICLE
CHRONICLE INDEX.
The index to Volume 91 of the “Chronicle”—which
volume ends with the Dec. 31 issue—will be sent to
our
subscribers with the number for
Saturday, Jan. 14.
Owing to the increased size of the volume, it is no longer
possible to include the Supplements in binding the
same.
These latter will therefore be bound separately
in six months’ or yearly volumes, as may be desired.
THE FINANCIAL SITUATION.
Christmas time the present year finds our industries
in
a
state of
feature
for
a
some
reaction, but presents
as an
encouraging
better demand for bonds than has existed
time.
This demand could
[VOL.
LXXXXI.
that the Commission is endowed with power to
suspend
and all proposed advances, not even the slightest
increase can be made except after long delay and in¬
terminable opposition on the part of shippers and the
sensational press.
any
This latter is
situation which is
filling the minds
thoughtful persons with grave apprehensions. The
fear is that the credit of our railroads will be
seriously
and permanently injured.
The Railway Securities
Commission has been holding hearings on the question
a
of
as
to how far the Federal Government
can or
should
in the effort to regulate security issues. These
hearings have brought out much useful and interesting
testimony, and one of the speakers very courageously
dwelt upon the harm and distrust
already created
through too much Government regulation and Govern¬
go
easily be widened
bring about a broad and enduring market
under which it would again become possible to raise ment
interference, and indicated what the inevitable
new capital on a
large scale and proceed with the outcome must be. We have in mind the remarks of
vigorous prosecution of new enterprises and new under¬ Robert Mather, former President of the Rock Island
takings. This done, industrial stagnation would Co. These, we are sure, will challenge the attention
speedily vanish and the country enter upon a new era of the whole world. Here are some excerpts from
of prosperity far exceeding in
magnitude and in scope Mr. Mather’s address:
any previously witnessed in the history of the country.
“Federal regulation has put the railroads of this
But the politicians have “queered” business and for
country in the position of not having got sufficient
the time being the necessary confidence is
lacking for means or credit to go ahead with their work of develop¬
such a revival.
ment, and in view of such impairment of credit, it is
essential that something should be done.
Until the cases now before the U. S.
Supreme Court, urgently
“In my judgment whenever the Government au¬
involving interpretation of the Sherman Anti-Trust thorities
go so far as to regulate the questions of rates,
Law of 1890 in its application to
every-day business and when such rates do not permit the company to
affairs, have been determined by our Court of last operate under average economy so as to earn
enough
resort, it seems unlikely that any very venturesome money to maintain its credit, which is so essential in
spirit will become manifest in the industrial world. the operation of a railroad system, I believe the
Government should go further and lend the credit
The Constitutionality of the Federal
Corporation Tax of the country in order to
produce sufficient credit
is also a matter of great
moment, inasmuch as this for the railroads in'* looking after their needs.
tax, with the regulations for its collection, involves in¬
“Government regulation has no right to
stop now
trusion by the Federal Government in the affairs of and let the railroads flounder out of their
difficulty.
“As Federal regulation extends, it has the effect
the States and likewise encroachment
upon personal of
making first-class railroad securities, such as first
freedom and individual rights, since the law is not
mortgage bonds, &c., very excellent investments, but,
limited in its application to business concerns
engaged on the other hand, it has the effect of making the secondin inter-State transactions, but reaches out for the class securities
of railroads, upon which railroads are
small private corporation whose
operations may be most dependent for the raising of money for additions
confined entirely within State boundaries—even the and extensions, less desirable for investment purposes.
When such a condition is brought
comer
about, and when
bakeshop or butcher store, whose whole trade the
great mass of second-class securities are made
may be confined within the area of a few blocks.
undesirable by Federal regulations, I
say it is time
But, above all, there is the question of the right that the Government should extend its credit to the
treatment of the railroads; more
particularly there is railroads in order to assist them in their difficulties.”
the question as to whether these
great carrying agen¬
Some of the commentators on Mr. Mather’s address
cies, in which over 15,000 millions of capital are in¬
say that he “startled” the Securities Commission by
vested, are to be allowed when expenses, through no his
suggestion. The idea of “lending the credit of the
fault of their managers, are
increased, to find partial country” in aid of roads,because their own credit has
compensation by doing what the merchant and busi¬ become
impaired through Government action, is
ness man in
every walk of life is allowed to do when
certainly
calculated to startle. But it was well that
the cost of the goods that he is
manufacturing rises, the matter should be put in this way—be put in its
namely raise the selling price. The railroads have right
and proper light. Perhaps when those who are
transportation to sell and in a country where the all the time
craving for a further extension of Govern¬
transportation rates are the lowest to be found any¬ ment
authority see what is actually looming ahead, as
where in the world they must be allowed to
advance revealed in the statements of Mr. Mather, their zeal
this price when the cost to them of
rendering the ser¬ for continuing their propaganda and work will abate
vice is so considerably augmented as it has been within
somewhat.
so
as
to
the last two years. The Inter-State Commerce Com¬
mission now has the matter of some of the more im¬
Curtailment of production by the cotton mills of
portant contemplated advances in rates under con¬ New
England was informally considered by the Ark¬
sideration and ere long we will know just what its
wright Club at Boston on Wednesday, and it was
decisions are to be in these particular cases. But it voted that unless
trade conditions show improvement
may well be doubted whether the conclusions in these
by the next meeting (to be held shortly), concerted
cases will
definitely allay apprehensions, even if the action would be taken to that end. No authoritative
Commission should consent to some advance. For now announcement has been
made of what transpired at
Deo. 24
1611
THE CHRONICLE
1910.]
Wednesday’s meeting, but it is intimated that the them, assure them in advance of a welcome and see
opinion was quite general that without a better de¬ that they get it on arrival.
Probably there is some basis for such •riticism;
mand for cotton goods, curtailment would be abso¬
but the railways at least, although accused of so many
lutely essential. The reason is that for some weeks
past absorption by the market has been well below sins, are keenly alive to the great value of the working
the volume of production, resulting in an accumulation settler as an income-producer; they well realize that
of stock in first hands. This has been particularly the he is as essential to them as they are to him. The
case with fine goods.
With the raw material ruling “Chronicle” has kept note of the effort towards a
new movement back to the soil, because agritulture
high, little, if any, margin of profit remains for the
manufacturers, and that seems to be threatened under is the lowest stone in the entire structure; and, while it
existing conditions unless something shall be done is idle to urge farming until farming becomes more
to limit the output of the mills.
Talk of curtailment attractive, it is quite within reason that we are coming
is not confined to New England; on the contrary, a to such new methods as shall make the farmer and his
number of Southern manufacturers are, it is stated, family almost a different type from the one that has
been following the lure of the city and ready for any¬
urgent for combined action in the matter. Advices
last evening from Fall River were to the effect that thing wdiich offered relief from “the dull old round.”
while manufacturers think that there may be necessity The problem is a present and a continuing one, but
for curtailment a few months later, they do not con¬ it will solve itself by the universal application of indi¬
sider the present a proper time to start such a move¬ vidual self-seeking instead of by anything which
ment as many mills have sold contracts running up to “government ”can do.
March 1.
trip of the Mauretania as a
ship, and breaking the record in at least
The railroads continue to show that they conceive
some
particulars, is notable as showing anew how swifter
it within their duty as carriers for the public service
means of communication are, reducing the effective
(and incidentally, one may venture to add, for their
size of the world. The ship left Liverpool at 5:43 on
own financial health) to make two blades of grass grow
in place of one, if possible. The Agricultural Improve¬ the afternoon of the 10th, twro weeks ago to-day;
ment Association of the State of New York was incor¬ early on the 16th completed her run, in 3 hours and 53
porated at Albany on Dec. 19, the object set forth minutes less than five days; she docked in the small
being “to acquire, hold and deal in farm property, hours and immediately began the work of swiftly
develop resources of the State through irrigation, and exchanging her incoming for her outgoing load of fuel,
deal in water power for manufacturing purposes.” supplies and rather light freight, with a number of
Among the incorporators are the presidents of the gangs laboring simultaneously. At about 6 on the
New York Central and the Long Island roads, the evening of last Saturday she started back with her
President of the Produce Exchange, the President of Christmas-bound passengers and goods, and at 10:22
the Utica Chamber of Commerce, one member of the p. m. on Thursday reached land at Fishguard, finishing
Public Service Commission and the President of the her double run within twelve days’ time, inclusive
Western New York Horticultural Society.
The plan of time in port.
The swiftness of the feat is emphasized by the
is announced to cover sale or lease to farmers on easy
terms of such, tracts of land as they can manage, the coming of a special representative of the Daily “Mail,”
subjects of irrigation and water power being held in of London, sent to catch what impressions he could of
reserve for the future.
The plan is not a formal one .this country and serve them up as a hot dish of current
of the railroads, yet railroad men are interested.
reading. Other journalists have been prompted to
The
recent
round
“Christmas”
From Ithaca
comes
the statement that there is
a
revive their
recollections and show that the haste
departure, with only just time to dress and catch
train, while all arrangements (even including needful
clothing) had been made for him, is not unprecedented.
Reminiscences of trans-continental rushes and of trips
around the globe in forty days are naturally prompted.
The impressions snatched from political life in Wash¬
ington and social life in New York, gained by special
trains driven at the top of present-day speed, are
of interest to the journalist himself, whose strongest
impression probably was a desire for opportunity to
notable increase in the movement to take either the
of his
regular or the special courses at the State Agricultural
College connected with Cornell University. At pres¬
ent the enrollment in the college is given as 1,254,
against 932 in 1909, and the trustees announce that
tuition will now be charged to students from without
the State instead of being free to all. Sixteen regular
graduates of American colleges, all holders of degrees,
are taking agricultural courses, and letters are said to
be coming from farmers in the West and generally out¬
side of New York which speak of an intention to buy,
or consider buying, farm lands in this State.
An American writer just returned from Europe is
quoted as saying that he discovers a reason, after
studying immigration conditions, why the most wellto-do immigrants go to Canada, Australia and South
Africa instead of the United States. This country, he
says, has no commercial agencies in Europe to urge
upon immigrants the advantages awaiting them here,
nor, indeed, does Great Britain expend money to do
that work; but the colonies maintain agencies, press
agents and meet the immigrant even before he starts.
If we want the best immigrants, he says, we must seek
a
own
impressions; their value is only
fleeting, necessarily, yet they serve to remind us how
readily we accept improvements and how quickly
they fall into place as if they had always been. For the
most striking example, from successive distances on
the return came little letters of progress and greeting,
several inches long in the “Times,” and this crown of
present marvels, which had not entered even into the
dreams of twenty years ago, goes almost unnoticed;
it is a thing of course now, and we have all ceased
wondering over it. We are now looking to have wire¬
less telephonic conversation ere long around the globe.
Verily the earth does grow smaller and smaller.
get more careful
1673
THE CHRONICLE
Encouragement for universal peace may also be
growing closeness of commercial and
social intercourse.
No nation received everything;
none can be
permanently complete of and by itself.
drawn from the
The
of
cost
and
war
exchange which
the
value of
international
fits the
surplus of one to the
simultaneously; every cut
taken from the power of time and distance means
another step towards peaceful
disposal of disagree¬
lack
of
another
grow
ments.
That the
money
opening months of 1911 will bring cheap
is the belief firmly held at New York, London,
Berlin, Paris and other financial
centres.
Unmis¬
takable evidences of this are afforded by the quotations
named for discounting bills after the new year and by
the low rates at which
long-term loans can be procured.
Locally, for example, banks and trust companies are
to-day lending on approved collateral for six months
at as low as 3%%, whilst
prime commercial paper
running for the same period can be discounted at
4@4^2%, both being new low terms for the season.
The improvement in the demand for bonds
may also
be construed as foreshadowing a period of
easy money.
The decline in interest rates and in mercantile dis¬
counts has been quite as marked in
as in
Chicago
New
York, and the
other
American
same
cities.
tendency is in evidence at
London
is
confident
that
January will bring a distinctly lower Bank rate. Bill
brokers are willing to do business in the
opening week
of January at a minimum of 334% for both
sixty and
ninety days’ bills, against 334% for bills now ten¬
dered.
It is true that the Bank of
England this week
$14,340,835 reserve, lowering its ratio to lia¬
bilities from 50% a week ago to
46^4%; but this
latter figure is still some 10%, above the
average re¬
ported in Christmas week during the last ten years,
and the total stock of bullion on
hand, $164,319,465, is
also the largest in recent years with the
exception
of 1909.
London bankers are readily
renewing obli¬
gations now maturing there, the European absorption
lost
[VOL.
LXXXXlt
The
enterprise of American capitalists in foreign
creating keen interest throughout Europe,
where it has been customary to imagine that the
United States had its hands full in developing its
own vast resources.
But in rapid succession Ameri¬
cans have invaded the
mining and rubber industries
of Africa, the railroad, mineral and other fields in
Central and South America, railroad building in China,
minor enterprises in Turkey and other Continental
countries, and now comes this cable dispatch from
St. Petersburg under
Thursday’s date: “Emperor
Nicholas gave an audience of fifty minutes to-day to
John Hays Hammond, the American mining engineer.
Mr. Hammond gave the
Emperor an outline of the
plans which he and his associates have for the invest¬
ment of American capital
in Russia. The Emperor
and the Ministry are said to be
favorably impressed
with the proposed enterprise. This includes the con¬
struction of grain elevators and the development of a
system of irrigation.”
The understanding here is that Mr. Hammond’s visit
is connected more with
mining concessions in Siberia
than with irrigation.
Mr. Hammond is a mining
engineer and not an expert on agriculture or irrigation.
It is stated in responsible circles that
preliminary in¬
vestigations have encouraged the hope that American
capital can be profitably employed in developing the
mineral resources of Siberia.
Several copper properties
are
already being exploited, although at present the
inadequacy of transportation facilities is a serious
drawback. The country is described by enthusiasts
as
“the greatest undeveloped mining1 area in the
world;” but obviously such a claim must rest largely
on assumption, not on demonstrated facts.
If Mr.
Hammond’s mission has been as well received
by the
fields is
Russian authorities
as
is understood
here, it
may
safely be concluded that he will have little difficulty
in finding whatever capital he recommends should be
spent in that part of the globe, for his reputation
stands as high in the United States as it does in Eu¬
rope, whose coffers he greatly enriched by his activities
of our bonds and short-term notes is
expanding en¬ on the Witwatersrand in the earlier stages of its
couragingly and the demand for the important loans history.
expected early next year promises to be very extensive.
The low rates now current for
The controversy between the United States and
foreign exchange throw
light on Europe’s attitude towards our investments. Germany over the exporting of potash from
the latter
On the Continent discounts still rule
easy.
Paris country, to which we referred several weeks ago, has
quotes 2%%, Amsterdam and Brussels are well below reached so acute a stage that President
Taft, it is re¬
4% and Berlin is withstanding the extensive December ported from
Washington, has laid the whole matter
demands reasonably well, the charge there
being before the Cabinet and appealed to his Ministers for
4/4 %; while bills to arrive ten days hence can be ne¬ advice. Intimations have been made from unofficial
gotiated on a lower basis. There is scarcely any like¬ quarters that the President is
seriously considering
lihood of an adverse change in the Reichsbank’s rate the
advisability of applying our maximum tariff rates
this month; the chances all favor a reduction
shortly (25% additional duty) to all merchandise forwarded
after the Bank of England takes the initiative in
that to this country by Germany.
Now, nothing has de¬
direction—perhaps about the middle of January. veloped since we last discussed the dispute to put the
Under all these circumstances American
underwriters action taken by the German Government at the behest
of corporate loans would appear,to
be justified in of interested parties in any more favorable light, and
counting upon being able to place a large amount of we still think Germany has manifested a lack of con¬
new
securities abroad.
The expectations in inter¬ sideration in
dealing with American interests which
national banking circles is that the New York
had
entered
into
City
important contracts based upon the
offering of bonds will attract an unusual number of law as it then existed. Nevertheless, we do not think
over-sea subscriptions,
especially as the city’s $20,- President Taft would be well advised to take the ex¬
000,000 of January payments for interest and in meet¬ treme course of
retaliating by enforcing the maximum
ing maturing revenue warrants will go in considerable tariff schedules against that country. The
maximum
volume to London and Paris.
tariff is a two-edged sword,to be wielded with the ut¬
most discretion and only in flagrant cases of discrimi-
Dec. 24 1910. s
THE CHRONICLE
1673
against us. Germany’s attitude, though in 334 f° 334. Spot bills, both 60 and 90 days, are quoted
In Paris there has been another ad¬
reality bearing most heavily upon the United States, at 334%
is not technically and exclusively aimed at this country, vance of 34 of 1%, the charge being now 2V8%.
Ber¬
and, under all the circumstances, the apparent dis¬ lin secured $1,500,000 gold in London on Monday,
inclination of the President to start a tariff war would and this had some influence in keeping down discounts;
the quotation now is 4%% for spot bills and 4Y8%
seem to be the fruit of wisdom.
for bills to arrive, with indications that immediately
Japan is showing skill and courage in rehabilitating the year-end settlements are over rates will relax
her finances after the ruinous drain inflicted by her sharply.
Amsterdam quotes 334% for commercial
war with Russia.
Announcement has been made this and 3 34% for finance paper. Brussels has weakened
week that during 1911 the sum of $5,000,000 will be to 3^%.
The Bank of England secured only a meagre por¬
devoted for the redemption of the foreign debt. The
policy of the Government was laid down by Marquis tion of the new gold which arrived in London on Mon¬
Katsura in presenting his Budget last week: To day last, and as there were rather heavy shipments,
maintain the balance of revenue and expenditure in according to our special correspondent, to the pro¬
general estimates and not to look to loans as financial vinces and to Egypt, the weekly statement on Thurs¬
resources; to maintain the program of annual redemp¬ day showed a loss of £2,224,140 bullion, bringing the
tion of the public debt by an amount of 50,000,000 yen total on hand down to £32,863,893. The, total de¬
or more.
The budget figures for 1911-12 showed crease in reserve was even greater, £2,868,167, there
ordinary receipts of 492,138,000 yen and extraordinary having been an addition of fully £644,000 to circula¬
receipts of 49,796,973 yen, against ordinary expendi¬ tion. Loans expanded £678,051, public deposits in¬
tures of 407,113,274 yen and extraordinary expendi¬ creased £831,076, but ordinary deposits fell off £3,tures of 133,821,699 yen.
The Premier added that 030,067. These various changes, our special cable
82,000,000 yen will be spent in improving the navy shows, resulted in a decline in the ratio of reserve to
during the next six years, of which 15,000,000 yen liabilities from 49.98% last week to 46.35% this week,
has been appropriated for the next fiscal year. On a figure which is still nearly 10% above the average
railways 52,000,000 yen will be spent next year, part in the corresponding week of the last decade. Our
of which sum may be raised by a special loan secured correspondent further advises us that the loss of bul¬
lion for the week was due in greatest measure to heavy
by the railways.
shipments to the interior of Great Britain. In addi¬
The Mexican rebels who infest the mountainous tion, exports were well in excess of the inflow^ into the
territory around Padernales and Mai Paso, in the Bank, which was made up entirely of purchases in
State of Chihuahua, have succeeded in harassing the the open market.
The details of the movement into
Government troops under command of General Na¬ and out of the Bank were as follows: Imports,
varro.
From sources friendly to the revolutionists, £143,000, bought
in the open market; exports,
dispatches are coming which claim that the loyal £420,000 (of which £350,000 to Egypt, £50,000 to
forces are in desperate straits.
Yesterday one mes¬ Asia and £20,000 to various destinations), and ship¬
sage from Chihuahua stated, no doubt with gross ex¬ ments of £1,947,000 net to the interior of Great Britain.
aggeration: ‘Their position is so precarious that
The decline in money rates which ordinarily takes
scarcely a soldier can poke his head from the protec¬
tion of the houses without being fired on., So complete place in January has occurred ahead of time. This
is the investment that Navarro is hard pressed to feed week time money has weakened at least 34 of 1%,
From official channels it is learned that while commercial paper rates have fallen quite 34 of
his men.”
reinforcements are being hurried to General Navarro, 1%.
Even call loans close the week lower, whereas
but the progress of the military trains has been im¬ a rise not infrequently takes place before Christmas.
peded by the marauders. Colonel Guzman, who was It is not difficult to account for the abundance of
in command of a battalion operating against the in¬ funds this season.
It will be recalled that six months
surgents, has been wounded, and Colonel Samuel ago energetic effort-s were put forth to curtail bank
Garcia Cuellar, Chief of the Staff of President Diaz, credits throughout the country; since then cotton
has gone to succeed him. What the rebels hope to growers, wheat growers, land speculators, real estate
accomplish by continuing their resistance is not clear. operators and other borrowers have been induced to
They must realize by now that the great body of the modify their obligations, and inasmuch as speculation
Mexican people are loyal to the present regime and on stock exchanges has dwindled, new issues of securi¬
that no general uprising can be achieved. Perhaps ties have been kept down, and general trade has become
the leaders are fighting on in the belief that, if they much quieter, the demands for accommodation have
can inflict enough damage,
the Government will be naturally been greatly reduced. A moderate amount
glad to make peace overtures to them. In this in¬ of gold was brought from London in the fall, Alaska has
stance temporizing would appear to be out of place. contributed her quota to the country’s supply of the
An application of stern measures would not only precious metal, and our own gold mines have not been
effectively crush the present trouble, but would have idle. The leading capitalists have proceeded cau¬
a
salutary influence in checking future rebellious tiously, and may continue to do so until the Supreme
movements.
Court gives its interpretation of the Sherman Law.
It may also be remarked that comparatively few
Foreign discount rates are slow to show the firmness short-term notes mature during the next six months,
customarily witnessed in the closing weeks of the year. whereas a large part of the total floated before the
In London the feature has been a demand for bills to collapse in 1907 had to be taken
care of during the
arrive just after the new year; for these the range is current year. The political unsettlement has made
nation
•
1674
THE CHRONICLE
capital timid, and whenever there is
of
confidence,
enterprises
widespread lack
reduced to a mini¬
a
[VOL.
LXXXXI
time when firmness would be normal.
a
The last
steamer to reach
Europe before Dec. 31 sailed on
Thursday; the Baltic, which leaves to-day, not being
The range for collateral loans closes the week at due until the new year.
Interest from now on will
3%@4% for all maturities from January to June. The consequently be centred in cable transfers. It is
lower figure, though only seldom quoted early in the hinted that the decline has been carried farther than
week, is now quite common when the security provided conditions warrant, and that as a sequel belated buyers
is up to the recognized standard.
Borrowers on in¬ of exchange for use in London before Jan. 1 may have
dustrial collateral can secure facilities at 4%. So light to pay for their dilatoriness. As to what may or may
is the demand that financial institutions have not all not happen in January, no one will venture an opinion,
been able to place their offerings, with the consequence an attitude thoroughly justified by the eccentric fluc¬
that more interest is being taken in short-term notes tuations at various times during the current year.
and in high-class bonds.
It is reasoned that, if money The December foreign trade returns may afford some
cannot be lent at 4% in December, it is unlikely to be indication as to the outlook; but then again much will
worth much in January or February. The fact should depend upon the extent of European purchases of our
not be overlooked, however, that the applications for bonds, notes and stocks.
It is taken for granted that
capital within the next two months are sure to be money will be plentiful both at home and abroad.
very heavy, and that, in order to insure successful
flotation, generous terms will be held out—even New
Compared with Friday of last week, sterling ex¬
York City may have to resort to 4%% bonds. Abroad, change on Saturday was firmer, with quotations at
also, governmental requirements threaten to be quite 4 8540@4 8545 for demand, 4 8565@4 8575 for cable
onerous during the first quarter of 1911.
Call money transfers and 4 8235@4 8245 for 60 days. Demand
has on no day this week exceeded 3%%, although that advanced to 4 8555@4 8565 on Monday, cable trans¬
figure has been reached daily. The ruling rate on fers to 4 8590 @4 8595 and 60 days to 4 8250@4 8260.
Monday, Tuesday and Wednesday was 3%%, with On Tuesday demand eased to 4 8545 @4 8550, cable
2%% the minimum on the first two days and 2%% transfers to 4 8575 @4 8580, while 60 days remained
on Wednesday.
Renewals were made on Thursday unchanged. On the following day demand again de¬
at 3%%, while yesterday the range was 3% to clined, to 4 8525 @4 8535, cables went to 4 8565 @4 8570
3%%
The average rate for the week has been a and 60 days to 4 8220@4 8240. On Thursday de¬
shade under 3%%. Commercial paper is in light sup¬ mand recovered to 4 8535@4 8545 and cable transfers
ply and in fairly active demand. Certain dry goods to 4 8575@4 8585; 60 days was unchanged. On
bills of the highest grade have been discounted at the Friday trading was quiet at a nominal advance, de¬
abnormally low rate of 4%, others have been placed mand closing at 4 8540@4 8550 and cable transfers
at 434%, while business on a 4%% basis has been at 4 8580 @4 8590.
more active than was the
The following shows the daily posted rates for
absorption at 5% at the
beginning of the month. A minimum of 4% has also sterling exchange by some of the leading drawers.
been reported from Chicago. The general range of
Fri.,
Mon.,
Tues.,
Wed.,
Thurs., Fri.,
Dec. 16. Dec. 19. Dec. 20. Dec. 21. Dec. 22. Dec. 23.
quotations here is 434 @4%% for prime four to six
83
83
/60 days 4 83
83
months' single name bills and sixty to ninety-day en¬ Brown
83
83
Bros. & Co
86 *
..ISlght.. 4 86*
86*
86*
86*
86*
83
Kidder, Pea83
J60 days 4 83
83
83
83
dorsed bills receivable, and 5@5%% for good names.
86
body & Co
86
86
86
..ISlght.. 4 86
86
new
are
mum.
•
*
Foreign exchange has again fluctuated erratically.
On Monday there was an advance, on Tuesday a de¬
cline, on Wednesday a severe break, on Thursday a
recovery and yesterday no notable change.
A low
point of 4 85J4 was reached on Wednesday, a quota¬
tion well below that current when gold imports were
last inaugurated. But on the following day there
was a sharp rally, and unless another fall takes
place
bankers
not
expected to be successful com¬
petitors for'the large consignment (upwards of $4,500,000) of South African gold which will arrive at South¬
ampton to-day, but which will not be sold until
Wednesday, owing to the double holiday in London
at the opening of the week.
The weakness in sterling
cannot be fully accounted for by the European assimi¬
our
are
lation of our securities, important though this move¬
ment has been.
Operators who have closely followed
market fluctuations
during the last three weeks declare
that a mass of exchange has come from institutions
whose exchange managers had apparently counted
upon being able to sell out at high rates before the
end of the year. Once again events have demon¬
strated that it is futile to count upon exchange moving
in a normal way. The decline to 4 8534 for sight
drafts is all the more extraordinary when it is consid¬
ered that interest rates here have fallen appreciably at
Bank 01 British
North America..
Bank of.
Montreal
Canadian Bank
of Commerce.-..
f 60
days
ISlght..
J60 days
..ISlght..
J60 days
.-ISlght..
Heldelbach, IckelJ60 days
heimer &. Co
..ISlght..
Lazard
J60 days
Freres
..\Slght..
Merchants’ Bank
|60 days
of Canada
..ISlght..
..
-.
The market closed
4
4
4
4
4
4
4
4
4
4
4
4
83*
86*
83*
86*
83
83*
86 *
83*
86*
86
83
86 *
83
86 *
82 H
86
83*
86*
86 *
86*
83
86*
82*
83*
86*
83*
86*
83*
86*
83*
86*
83*
86*
83*
86*
83*
86*
83
86*|
83
83
83
86*
86*
86*
86*
83
83
83
83
86*
82*
83*
83*
86*
86*
86*
86
83
86
83
86
83
86
83*
86*
83*
86*
83*
86*
83*
86*
Friday at 4 8240 @4 8250 for
days, 4 8540@4 8550 for demand and 4 8580 @
60
4 8590 for cables.
on
Commercial
banks
quoted
81% @4 82 and documents for payment 4 81%
@4 81%.
Cotton for payment ranged from 4 81@
4 81%; grain for payment from 4 81% @4 81%.
on
was
at 4
The
to and
following gives the week's movement of money
from the interior by the New York banks.
Received by
Week ending Dec. 23 1910.
Currency
$8,714,009
2,600,009
Gold
Total
gold and legal-tenders
With the
Skipped by
N. Y. Bankt. N. Y. Banka.
$11,314,000
Net Interior
Movement.
$7,019,000 Gain
1,199,900 Gain
$1,704,000
1,410.000
$$.209,909 Gain $3,114,000
Sub-Treasury operations the result is
as
follows.
Week ending Dec.
23 1910.
Into
Banka.
Otd
of
Banka.
Net Change in
Bank Holdings.
Banks' interior movement, as above.
Sub-Treasury operations
$11,314,000
35.600.000
$8,209,000 Gain
82,900,000 Gain
$3,114,000
2.700.000
Total gold and legal-tenders......
$46,914,909
•41.109.000 Gain
$5,814,000
following table indicates the amount of
principal European banks.
The
in the
Total.
Silver.
£
£
£
Gold.
Silver.
Total.
£
£
£
32.863,893 33,432,021
32,863,893
France
131,546,720 33,088,760 164,635,480 140.279.200
37,059,250 13,586,600 50,645,850 37.479.100
Germany
6,190,000 154.272.000 140,890,000
Russia
148.082,000
Aus.-Hun. 55,510,000 12,057,000 67,567,000 56.814,000
16,418,000 30.782,000 47,200,000 16,111,000
Spain
3,450,000 42,664,000 38,480,000
39.214,000
Italy
1,992,000 12,262,000 10,080,000
Netherl'ds 10,270,000
4,188,667
8,213.000
2,737,667
5,475,333
Nat.Belg.
4,370,000
4,473.000
Sweden
4,473,000
5.025,000
6,336,000
Swltzerl’d.
6,336,000
1,777.000
1,785.000
1,785,000
Norway
England.
bullion
Dec. 23 1909.
Dec. 22 1910.
Banks oj
Gold.
1675
THE CHRONICLE
Dec. 24 1910.
.
.
...
....
....
..
33.432,021
35,693,520 175,972,720
11.802,850 49,281,950
7,062,000 147,952,000
12,386,000 69,200,000
30.928.000 47,039,000
3,990,000 42,470,000
2,893,700 12,973.700
2,094,333
6.283.000
4,370.000
5,025.000
1,777,000
question which has already filled English
political minds with abundant perplexity. The Ameri¬
can idea has always, and consistently, been that when
large pluralities in one election are cut down in the
next, or when the vote on a highly important campaign
issue is inconclusive, the party advocating that issue
must be particularly careful to move conservatively
in the matter. The strongest illustration of the popu¬
This is
a
lar view of such
of 1894 and 1896.
incident is found in the elections
The Congressional elections of 1894
an
disapproval of the issues which had become
dominant in a large faction of the Democratic Party.
Two years later, in the Presidential election, Mr.
Bryan and his friends set out to argue that the popular
AFTER THE ENGLISH ELECTION.
rebuff of 1894 has been directed, not at the Populist
In the light of the now completed figures of the Eng¬ ideas which
permeated the party, but at Mr. Cleve¬
lish general election, the political result is one of the land’s attitude on
currency.
The result of the 1896
more curious in the history of that country.
When election showed that the people were in no mood to be
the standing of the respective parties in the new Par¬ trifled with in such a matter.
liament is compared with their standing in the old
Another principle fully recognized in- American
one, the outcome of the voting must be declared to be
politics is that when the people will not go to the polls
absolutely non-conclusive. It is true that, according to vote on a public issue which politicians have in¬
to the latest dispatches from London, the coalition sisted
upon as paramount, the meaning is that inof Liberals, Labor members and Irish Nationalists sistance on that issue would be
dangerous to the party
has increased its combined plurality over the Unionists which
upholds it. Here the American practice has an
..
Total week 489,033,196 103,884,027
Prev. week 490.549,806 103,568,147
from 124 to 126.
showed
592,917,223 488,925,988 106,850,403 595,776,391
594,117.953 491,773,641 106,337,977 598,111,618
This of itself, however, was no very
interesting bearing on the recent English election, for
gain, and it becomes very much less so in the dispatches indicate that fully 10% of the electors
the light of certain other comparisons. Taking the whose votes were cast last
January failed this time to
Liberal Party and the Unionist Party by themselves, vote at all. That this should have
happened in the
it will be found that, while the Unionists have lost face of the
agitating campaign by Lloyd-George and
one member as compared with the previous Parlia¬
his fellow Radicals, in behalf of removal of the right of
ment, the Liberals have lost three, and that where the veto on legislation by the Lords, and that it should
Liberals alone had a plurality of two over the Union¬ have
happened when the last previous election was
ists in the old Parliament, they are exactly tied with marked
by exceptionally pophlar excitement, has a
them in the new one.
All the gains that have been
meaning which cannot be safely overlooked. To un¬
made, and they are few enough, have been made by dertake a great Constitutional innovation in the face of
the Labor and Irish factions.
This is a comparison increased
public apathy; to change the legislative
of results in the two elections:
structure of the Empire on the ground that such apa¬
Old Parliament. New Parliament.
thetic response by the people is a mandate, are under¬
272
275
Liberals
takings from which even the more daring type of
42
40
Laborites
statesmen would be apt to shrink.
76
71
Nationalists
8
11
Ind. Nationalists
What, then, is likely to be the actual result of this
singular situation? There are, as we see it, five possi¬
398
397
Liberal coalition
bilities—most of which, however, can scarcely be
272
273
Unionists
reckoned as probabilities. First, there is the possi¬
126
124
Coalition plurality
bility of rough-shod legislation on the House of Lords
Liberals alone over UnionTied.
2 plurality.
ists
by the Liberal coalition in the Commons, such legisla¬
In other words, the Liberals went to the country on tion to be forced through by the Irish and Labor votes,
and to be reluctantly concurred in by the Lords.
a great Constitutional issue, for which they asked an
unmistakable popular mandate, and they did not get This seems to us improbable; it would, indeed, be in¬
it. Indeed, when it is remembered that the general consistent for the Lords to take such action now, when
election of 1906 gave the Liberals alone a plurality of they refused to do so in response to another general
229 over the Unionists, with 125 Irish and Labor election whose results were more favorable to the
In the case of the famous Reform Bill of
votes to spare, it may not unfairly be argued that, Liberals.
since the Constitutional issue arose, the Liberal Party 1831, in which the Lords were eventua lly brought to
has been progressively losing ground.
It is true that concur against their will, the series of general elections
the Unionists were also disappointed in the results of which marked the struggle resulted successively in
this month’s election; some of them had looked for Parliaments with#Liberal majorities of 1, of 136 and
such a change in the voters’ sentiment as should give of 162. Here was a very different popular response
that party a substantial plurality over the Liberals from what has been obtained this year.
The second possibility is of a similar enactment, by
alone. This has not happened—partly, no doubt,
because of the advocacy of protectionism by the Tory the House of Commons coalition, of the legislative
Party, and because Balfour’s idea of shelving that is¬ propositions regarding the House of Lords, this
measure being once more non-concurred in by the
sue in a referendum either came too late in the cam¬
Lords or met by counter-propositions of the Upper
paign or was disliked on principle in itself.
What should result in the way of practical legisla¬ House. This would necessitate another appeal to the
sensational
_
.
__
tive
measures
from
so
curious
an
electoral result?
country, which might, however, be somewhat
danger-
1676
ous
an
THE CHRONICLE
experiment for the Liberals in
month’s election.
view of this
The third
possibility has been much
discussed; it is the creation by the King, at the in¬
stance of the Asquith
Ministry, of new Peers of Liberal
sympathies, sufficient in number to overcome the
hostile majority in the House of Lords. This recourse
was threatened in
1831, and the threat undoubtedly
had considerable influence in
obtaining the assent of
the Lords.
But in 1831 the hostile
majority to the
Reform Bill in the House of Lords was
only 41, whereas
the adverse majority to the
Budget proposition of the
Liberal Ministry, in the vote of last
November, was
no
less than 275.
overturn such
To create
new
Peers
enough to
majority would be to turn the whole
ridicule; the London music-halls
are
laughing at it now.
The fourth proposition, suggested in some of the
London reviews, is the resignation of Mr.
Asquith
without appeal to the country, giving an
opening for
a Unionist
Ministiy to try its hand. This would be in
accord with English legislative
precedent, but under
a
into
procedure
present conditions it must be described as a rather
futile expedient, since the Unionist
Ministiy would in¬
evitably be short-lived, and would end in another elec¬
tion, perhaps as purposeless as those which had pre¬
ceded it.
The final
possibility in the case is resump¬
parties which were
tion of the conferences between the
abruptly suspended a month ago—with a view to
reconciling the ideas of the two Houses and finding
common ground which should
give a distinct place in
the legislative sphere to the House of
Lords, while
restraining its absolute veto powers and at least
curtailing the scope of the hereditary principle. If, as
English political critics have always agreed, legislation
is properly made up of a series of
compromises, this
would certainly appear the
logical and inevitable
and
[You
LXXXXJ •
leaves
nothing pertinent unsaid. Municipal
ownership is demanded; it is already attained. The
existing subway is—and all future subways are to be—
as
truly city property as the bridges and docks; the
subway is leased to an operating company, just as
the docks are leased.
The most crucial question is,
which is
saner
and better: to construct so-called inde¬
pendent lines, by the unassisted city, or to let private
capital do the constructing so far as it desires? In the
latter case, the construction will be
pushed to com¬
pleteness, each of several links coming into use at
once by
connecting with the present line; in the former,
construction must be stretched by piecemeal over a
number of years, to conform to the
city’s borrowing
limitations, and the operating is not assured in ad¬
vance.
One is a complete scheme,
backed by capital
which is limited only
by the business opportunity
perceived, and it serves the public immediately; the
other is
a
disconnected scheme with uncertainties
attached.
The present subway is in
tion. Its business success
its seventh
was
year
of
opera¬
shown within twelve
months, so that five years (the time now required to
another) have been frittered away obstructively.
The unwise Elsberg Law did much of the
obstructing,
yet merely responded to a clamor to which the Inter¬
borough now defers by offering to largely reduce the
term of its present lease.
The principle of a long
lease, at the end of which the building reverts to the
owner of the land,
is common in New York and is the
choice of the largest and shrewdest real estate owners.
build
In
to
matter of
bargaining, no reformer has been able
suggest for a municipality a shrewder basis than
a
successful
itself.
The
individual
selfishness
has
approved
for
Interborough is denounced because it does not
peculiar situation. That perform the present impossibility of
providing seats
recourse has at least this
powerful argument: that on for everybody; were the city operator as well as
owner,
any other basis than consideration, debate and the
crowding would be the same and the complaint
amendment of the Lansdowne and
Rosebery plans for undiminished. The company is not liked, and per¬
reconstructing the House of Lords into an Upper haps it has not shown the utmost tactful consideration
Chamber suited to deal intelligently and
properly with for popular ideas; yet even if so-called independent
the great public questions of the
day, the Ministry’s lines were built, they must have an operator and there
proposition inevitably boils down to the highly danger¬ could be no guaranty that the
Interborough would not
ous experiment of a
single legislative chamber—long ago get the operating contract instead of some other cor¬
repudiated by every enlightened modern government.
poration which might be imagined more saintly. No
“feeling” on account of the past has a just relation
THE SUBWAY PROPOSITION.
to the subject now, and no
pledges or understandings
The “Chronicle” has preferred
to subordinate* the which may have been given in an election
campaign
hotly controverted matter of rival subway routes to are worth serious mention. Now that the
subject has
the still larger one of by
whom, and upon what basis, encountered a division in the Board of Estimate and
the projected work shall be
done; yet it is impossible has gone over to the next meeting on Jan. 5, it should
to avoid perceiving and to omit
saying that the Inter¬ be put on the proper basis of business and of forecast
borough offers the most comprehensive and quickly for the interests of the city. Treated
thus, the great
effective addition to subways that has been
proposed. advantages of the pending proposition cannot fail to
What is certainly undisputed is that the
people both make their own way.
want and need more
subways; want and need them as
One other point has received far too little attention.
speedily as practicable, and want the utmost trans¬ The needs of this growing city for certain
public pur¬
portation and transfer privileges at a single fare. The poses—such as education, water,
docks, parks, fire
agitation for the still unattained boon of a single fare telegraph and others—are
expanding and imperative;
to Coney Island is too recent to leave
any doubt that, these cannot be indefinitely put by, nor can they in
however the outcry for so-called
competition as against any case be turned over to private hands. Here is a
so-called monopoly may draw an
unthinking response, field for all the city’s financial strength. Therefore,
if a popular vote were taken it would be
overwhelmingly any insistence on trying to add subways to the load,
for the largest amount of
subway ride for the single nickel. instead of allowing private capital to build them and
The luminous letter of
Mayor Gaynor, published on virtually present them to the city, seems the height
Thursday morning, makes the subject perfectly clear of unreason.
recourse
in
the
present
Deo. 24
COMBATTING SOCIALISTIC TENDENCIES.
Ellis, President of the New Orleans
Board of Trade, in an address recently delivered to the
members of the Mercantile Club of that city, called
attention to the spread of Socialism throughout the
Crawford H.
United States.
Speaking
1677
THE CHRONICLE
1910.)
on
that subject, Mr. Ellis
said:
“Socialism is undoubtedly spreading in this country,
and we are reaching a state where the evil is as much
of a menace to the nation as it is to the countries of
Continental Europe. I believe that the chief cause of
the spread of fanatical Socialism are the speeches of
itinerant orators, who go about the United States
preaching incendiary doctrines.”
signs of the times. When a man of Mr. Perkins's
standing in the financial world severs his connection
with one of the world's largest banking firms to devote
himself to the adjustment of those matters affecting
the relations of capital and labor, it is plain that the
much-abused “captains of industry” are fully awake
to the necessity of grappling with the economic prob¬
lems that have arisen as the result of changed business
conditions within the past decade. In saying this
we do not wish to be understood as endorsing Mr.
Perkins's dictum made in a speech before the Quill
Club on Tuesday night of this week, that “conditions
are now such that we must have large corporations
supervised under a strong hand.” The expression
“strong hand” suggests a strongly centralized Federal
Government, and we are not in favor of extending the
Southern warmth, Mr. Ellis
advocated that orators of this class should be “throt¬
tled,” adding that it was his experience that where the activities of the Central Government.
laboring man had been allowed to think out a question
Co-operation between capital and labor such as urged
for himself that he had been able to judge conditions by Mr. Perkins certainly has much to recommend it.
justly, correctly and without passion or prejudice. Despite the large influx of foreigners to the United
A still more recent utterance, viewing this subject States, the great mass of the American people, ac¬
from a somewhat different angle, was that made by cording to the best observations, are strongly con¬
James J. Hill, who, according to an Associated Press servative in their political and economic views.
They
dispatch from Washington, expressed his opinion of desire no radical changes in their government, such
the results of the last general election in a customary as the theory of Socialism implies, but would undoubt¬
style:
edly welcome a proper economic readjustment of the
“The last election has taught the politicians and relations existing between capital and layor.
When
the country something valuable,” said Mr. Hill. such a play as “The Battle,” in which Wilton Lackaye
“That is, that party lines can no longer exist to an has been starring, is applauded even more in the gal¬
important extent. The demagogue and the agitator leries than in the parquette; and when, on the other
have held sway so long it is really a relief to see the hand, a Socialistic appeal such as “The Derelict” is
flag of warning hoisted for their benefit. The labor¬ generally condemned by the people and the press, it
ing man is no longer swept off his feet by sweeping is plain that the American people at heart are far from
assertions and promises.
He wants something defi¬ Socialistic in their views. There is solid ground,
nite.”
therefore, on wdiich to lay the foundation for a more
These two expressions, coming from entirely differ¬ cordial relationship between the workingman and his
ent sources, but each typical of the conservative employer, be that employer a private individual or a
thought of the country, are worth pondering upon. corporation, and in this new field of endeavor the ef¬
No man who has carefully surveyed the field of eco¬ forts of far-seeing men are to be applauded and en¬
nomic conditions in the United States since Bryan couraged.
.With characteristic
started the free-silver craze, some years ago, can fail
to be impressed with an appreciation of the injury
LIABILITY OF BANKS FOR MISUSE
BY CORPORATION OFFICIALS.
that has been
wrought to business generally by agi¬
tators and demagogues.
Under all this agitation
so favorable to the growth of socialistic ideas, it is
surprising that Socialism has not made greater head¬
way.
However, at least one of the large cities of the
country has succumbed to the socialistic idea, al¬
though the triumph of the Social-Democratic party in
Milwaukee can be chiefly attributed to the compara¬
tively large proportion of foreign element in the popu¬
lation there.
Following up its victory in the City of
Milwaukee, the Social-Democratic party has also suc¬
ceeded in replacing Congressman William H. Stafford
of the Fifth District, a Republican, with Victor L.
Berger, for twenty years the leader of the Social-
OF CHECKS
Appellate Division of the Supreme Court (First
Department) has just rendered a decision in a case
presenting an issue much like that raised in the case
The
of the Havana Central Railroad Co.
vs.
Co., but with a different
Both decisions had to do with the liability
bocker Trust
the Knicker¬
set of facts.
of a financial
deposited with such institution
which involved misapplication of the funds of a cor¬
poration by a corporation official. The point at issue
in the Havana Central suit was the liability of the bank
on the check of a corporation official who had abused
his authority as such official by drawing the check in
his own favor against the funds of the corporation in
the bank where said corporation kept its account
Democratic movement in this country.
As to the best way of combatting Socialistic ten¬ and then deposited the check to his credit in the bank
dencies, opinions will differ. But obviously any plan where he kept his own account, later drawing out the
that may be devised in this respect should not fail to proceeds of the check and applying them to his per¬
take into account the mental attitude of the laboring sonal use.
man.
The retirement of George W. Perkins from the
The Court of Appeals in that case, reversing the
firm of J. P. Morgan & Company, with the stated lower courts, held that the institution on which the
object in view of “extending the principles of profit- checks were drawn by paying them declared to the
sharing and other benefit plans, which, experience has other institution in which they were deposited for
shown, offer a practical solution of the difficulties ex¬ collection that they were the genuine obligations of
isting between capital and labor,” is one of the hopeful the corporation, which the Treasurer had authority
institution for checks
1678
THE CHRONICLE
to
draw, and that the bank making collection of them
was authorized to deal with the
proceeds of the checks
as the individual
property of the payee. Moreover,
after it has turned over such proceeds to him, it
cannot
be compelled to restore them to the complaining cor¬
poration. We reviewed this case quite at length in
our issue of
May 28 1910, and it is a fact of some inter¬
est that the final entry of judgment
in that action was
not made until the
In the
case
present month.
under consideration there also
was
mis¬
Horowitz’s attention
[VOL.
LXXXXI
called
by the Treasurer or
bookkeeper to these accounts apparently still unpaid,
he would say that the accounts were
perfectly good,
but payments were slow, and he did not wish to push
the company's customers. The suit was brought
to
charge the Pacific Bank with the amount of these
checks which it had collected, and the referee awarded
judgment to the Niagara company.
The Appellate Division construes the rules laid down
by the Court of Appeals in Havana Central RR. vs.
Knickerbocker Trust Co. as meaning that the Pacific
Bank must be held liable for the
money fraudulently
appropriated. It is proper to state that Justice Ingra¬
ham thought that the
questions as to the regularity
was
application of the funds of a corporation by an officer
endorsing the checks, but the misapplication was made
in a different way. The action was that of Niagara
Woolen Co. vs. the Pacific Bank of th's city. The
Niagara Woolen Co. was a domestic corporation, of of the endorsements, and the power of the President
which one Joseph Horowitz was the President down to to endorse, were not at all
material, as the Niagara
May 1 1904, when he was succeeded by Philip Horo company, by commencing the action to charge the
witz, who continued as President until Oct. 2S 1904. Pacific Bank with the amount collected upon the checks
The Niagara company was organized to act as
selling- necessarily ratified the endorsements and the act of
the
American
agent for
Woolen Co. The action was Philip Horowitz in obtaining payment of the checks.
tried before a referee and the facts, as found by him, The
company's right to recover was based solely upon
show that the capital stock was substantially all issued the fact that the Pacific Bank had
accepted the checks
to Philip Horowitz and was
subsequently deposited and by collecting them had received the Niagara com¬
with the American Woolen Co. under an
arrangement pany’s money and was bound to account for it.
between Horowitz and the two corporations. $The
There was no dispute as to any of the
facts, but the
President was given the general management of the Court
says the liability of the bank depend* u; on
business, but not the power to draw or endorse checks knowledge of the misappropriation being brought
or other
obligations of like character, that power being- home to it or notice of such facts as required an inves¬
given to the Treasurer, who was an officer or employee tigation or inquiry by the bank as to the
ownership
of the American Woolen Co.
of the checks and the
right of Horowitz to apply them
Philip Horowitz did business under the name of or their proceeds to his own personal account
Upon
“Philip Horowitz & Son,” and in June 1904 opened their face the checks were payable to the Niagara com¬
an account in that name in the Pacific
Bank. Com¬ pany, and the endorsement showed
upon its face that
mencing on June 22 1904 he began to deposit in this Horowitz was the President of the corporation. The
bank to the credit of Philip Horowitz & Son checks bank also had notice that
Horowitz had an account in
drawn to the order of the Niagara Woolen
Co., en¬ the bank, which was the account not of the corpora¬
dorsed in blank in the name of the
company by Joseph tion but of a firm of which Horowitz was a member,
Horowitz, President, and then endorsed with the firm and that the proceeds of these checks were credited
name under which he did business to the Pacific
Bank. to that account and disposed of by checks drawn in
He continued making deposits until Oct. 26
1904, the the name of the firm of which the President was. a
total number of checks so deposited
reaching 89 and member. The Court regards it a settled law of the
being for an aggregate of $28,469. The met hod by which State that if Horowitz had presented these checks to
the misappropriation of the
Niagara company's money the bank and asked the bank to receive them as pay¬
was
accomplished is set out as follows in the prevailing ment of an indebtedness existing in favor of the bank
opinion of the Appellate Division, which was written against either Horowitz
individually or the firm of
by Justice Ingraham: Joseph Horowitz would receive Philip Horowitz & Son, of which he was a
member,
\
.
the mail directed to the Woolen Comoanveach
and turn over such of the checks received
JL
which he did, not intend to
v
.
momma
O
by mail
misappropriate to the
company's bookkeeper, who was also in the employ
of the American Woolen
Co., and these checks would
be
deposited in the State Bank to the credit of the
Niagara Woolen Co.
But from day to day
Joseph Horowitz extracted
the bank would have been put
upon inquiry as to the
right of Horowitz to use the money of the-company
to pay
his individual indebtedness. It also assumes
same rule would
apply if Horowitz had pre¬
that the
sented these checks to the bank and instructed it to
collect them and pay a debt of Horowitz or his firm
third party, the bank thus
having notice of the
fact that Horowitz was using the
company’s
to
a
checks
his individual indebtedness.
Thus the question is narrowed down to one of notice
receipt of such to the bank. Justice Ingraham points out that this
checks would be given to the
Niagara company’s em¬ is not a case of one independent check, but a series of
ployees, so that on its books the accounts represented transactions extending over months,
during which
by the misappropriated checks would appear still time there was a constant diversion of checks drawn
unpaid. The Treasurer of the Niagara company, it to the order of the
company, deposited with the
seems, was in the habit of coming to the
Pacific
company’s
Bank, collected by it and then applied by it
office several times a week,
usually In the middle of to the individual account of Horowitz or his firm.
the day.
All checks drawn on the Niagara company’s Recognizing the duty of the bank to make
inquiry,
account with the State Bank were
signed by him, and it is held that the facts' were sufficient to require the
neither he nor any of the
employees of the company bank to inquire as to Horowitz’s authority to appro¬
had any knowledge of the defalcation. When
Joseph priate the property of the corporation of which he
from the mails the checks drawn to the order of
the
Niagara Woolen Co. that he wished to appropriate
to his own use, and no notice of the
to pay
DEC.
THE CHRONICLE
241910.]
1679
President; that, having failed to make such in¬ mental work; culverts, vases, sidewalks, fireplaces,
quiry, it is chargeable with the facts which it would stairs, and all combined possibilities of wood, brick or
have ascertained if such an inquiry had been made, stone are deemed within the serving of this “pudding,”
and that if it had had express knowledge of the facts which, when suitably treated, becomes an artificial
which such an inquiry would have disclosed, it would stone, permanently unchanging in respect to material
In the samples shown were such huge
have been liable to the company for the misappropria¬ and surface.
tion of its property by Horowitz.
things as aqueduct sections on the water-works of New
Justice McLaughlin in concurring said the real York now in construction, reproduced on a smaller
was
question was whether the bank knew that the checks
were being wrongfully diverted or was in possession
of such facts
as
should have aroused its suspicion and
inquiry. Here were some ninetyodd checks, he argues, all payable to the company’s
order, and prima jacie they belonged to it. They
were endorsed in blank by Horowitz, the President of
the company. The bank had a right to assume that
he as President had authority to endorse them or to
authorize another person to do it for him; but it had
no right to assume when so large a number of checks,
which prima facie belonged to the corporation, was
presented in so short a time that he had a right to
divert the same from the corporation to his own per¬
sonal use.
Possibly, had there been only a few checks
their presentation would not, in and of itself, have
been enough to put the bank upon notice, but the
transactions here were extremely numerous.
In reply
to this argument it might well be urged that the very
caused it to make
an
fact that the transactions
were so numerous
and that
they had not been questioned would tend to disarm
suspicion, engendering confidence in‘the regularity of
the proceeding.
j
,
The rule laid down may be a harsh one, but in view
of this decision it is evidently incumbent upon bank
managers to scrutinize closely checks offered for de¬
posit. It is proper to note that the Appellate Division
was by no means unanimous in its conclusion.
There
was a divergence of views, just as in the Knickerbocker
scale.
The
development of this industry attests its business
consequence.
It already has a literature of its own,
including a number of printed treatises, a modest
cyclopedia and several trade journals.
Concrete does not depend merely on its own strength
as a solidified mixture; it adds a metallic reinforcement
which natural stone cannot have, and the variety of
material shapes for this strengthening purpose is of
great interest. Expanded metal (which is sheet steel
cut through by short slots uniformly spaced and then
the metal opened and spread out into a form of latticework that has great variations) is used for laths, par¬
titions and flooring; for the heaviest work, the thick¬
ness of sheet and the method of treatment are special,,
but the principle is the same all through.
A socalled “flat-slab floor” is claimed to carry any load,
stationary or moving, as stiffly^ and firmly as the most
massive girder design, and one type of arch is claimed
to carry over 1,000 lbs. to the square foot.
The
sloping sides of dams and water reservoirs are some¬
times held against slip by a network of expanded
A striking type of column consists of a
metal.
continuous length of cold-drawn steel wire, wound into
a spiral, and stiffened by several vertical
“spacing
bars” into which the wire is notched fast.
tended to be set in
This is in¬
place as a whole, although provision
is made for having one of the bars removable (for
economy in transportation) and replaceable on the
Trust Co. case. Justice Scott handed down a dissent¬ spot -where erected; when this stiff skeleton centre has
ing opinion, in which Justice Clarke concurs, taking had its plastic stuff poured into and around it, the
the ground that as the bank was a mere conduit or hardening of the latter completes the enduring
collecting agency, asserting no title to or right to retain column.
the money for its own advantage, it should be held
We should remark here that in concrete work the
free from liability.
strengthening reinforcement does not stop with
expanded-metal forms, but includes bars and rods.
THE MULTIPLYING USES OF CONCRETE.
Another illustration of the same principle of mutual
On Wednesday closed a week of a cement show at reinforcement between two combined materials is in
Madison Square Garden, and while having little of a wire glass; this consists of a wire lacing imbedded in
spectacular nature for the multitude, it possessed large glass. When under the heat of a fire the internal wire
business interest and was encouragingly suggestive. holds the heated glass from falling out and admitting
The material itself has been in some use for centuries, the fire, and the glass protects the wire sufficiently to
and reinforced concrete has been entering more and keep that from being burned through.
Each material
more into railroad work for some
thus
supplements and defends the other.
years; it is known
that this material is constantly taking a larger place in
Resistance to weather, to all agencies of decay, and
public works and in buildings for all purposes; yet a especially to fire, combined with inexhaustible abund¬
grouping of materials, processes and specimen results ance of material and great facility of manipulating,
gives new impressions to a thoughtful observer. constitute the claims of modern concrete. It is, there¬
There are no limitations whatever to the uses of fore, in growing favor, and in all of the above par¬
concrete, affirms one enthusiastic concern; it belongs ticulars (save, perhaps, facility of working) it surpasses
wherever stone, brick or wood belongs, and ranges in wood, to which this new country naturally turned as
suitability from the mammoth city structure to the the readiest material. As the forests are failing, a
progressive farmer’s pig-sty.
compensation appears, in the necessity for finding
The exhibition just held
may be roughly divided into another building material, and this other one has the
machines for crushing, mixing and excavating; ma¬ great advantage of incombustibility. Very much is
terials for framing and reinforcing; materials for water¬ said nowadays of conservation, and it is undeniable
proofing and decorative finish; samples of completed that we Americans have been tempted into improvi¬
work. In the last are included railings, posts, foun¬ dence by the lavishness of our natural endowment; on
tains, basins and an inexhaustible variety of orna¬ the other hand, it is reasonably sure that in the plan
•
1680
of creation
THE CHRONICLE
nothing
[VOL.
LXXXXI*
overlooked, and we may take Argentina, it is perhaps well to note that in order to
encouragement in believing that as soon as a real encourage native breeders to develop a superior breed
of animal,these North American companies have not
necessity confronts us,we shall discover a new way.
hesitated to pay extraordinary prices for fine cattle.
ARGENTINE PROGRESS.
In fact, the agent tells us that at the recent fat-stock
i
The rapid advance of the Argentine Republic into show at Buenos Ayres they gave about 85,000 apiece
prominence among the nations of the world is one of for 5 steers, making the estimated cost of the available
the features of the times. With its natural resources beef therefrom approximately 85 per pound.
The
far from being largely developed as yet, the country, entrance of these Chicago companies into the industry
along a number of lines of industry, has within the in South America, it is explained, however, has been
last decade sprung from a rather unimportant position solely to obtain supplies which can no longer be se¬
to one of leading importance.
As we have heretofore cured at home (in the United States) for the European
pointed out, with a territory of 1,117,059 square miles, markets. In fact, it is not considered likely that
United States consumers could secure supplies from
or nearly one-third that of the United States, its popu¬
lation approximates only about 6 millions, making it, that quarter, as Europe already furnishes an ample
with the exception of Siberia in Asia and Peru, Vene¬ market.
Hogs, it is stated, hold a very unimportant
zuela and Paraguay in South America, the least place as yet in Argentina’s animal wealth, and their
densely populated of any country of any considerable meat is used mainly in the home market. More¬
size concerning which reliable information is obtaina¬ over, and probably due to the fact that the animals
ble.
Moreover, the urban population of the country are allowed to run wild, the meat is oily and not firstmakes up an inordinately great proportion of the rate material.
But as farming becomes more inten¬
whole, that of Buenos Ayres alone covering nearly one- sive, the hog as well as other food animals that require
fifth of the aggregate. But notwithstanding the care and regular feeding in order to get proper results
sparseness of inhabitants, recent progress in the de¬ seems bound to receive considerable attention.
Discussing Argentina’s growing importance as a
velopment of Argentina’s resources has been almost
of food and a buyer of manufactured products,
seller
phenomenal.
We are led to refer now to this South American Re¬ Mr. Whelpley refers to means of communication as
public, which on account of its, enterprise has been of primary importance. North America and Europe,
dubbed “The United States of South America,” be¬ he infers, are essential to her future, even more than
cause of the appearance of a series of papers contributed
they have been to her past, if the country is to be¬
to the Bureau of Manufactures of our Department of come what it aspires and promises to be—one of the
Commerce and Labor by Commercial Agent James great industrial nations. The country, he believes,
Davenport Whelpley. In those papers the produc¬ will probably never find it practicable or necessary to
tion and export of meat and the shipping situation of make more than a fractional part of the manufactured
the country are exhaustively and very interestingly products consumed, but on the other hand, the soil
treated.
Referring to the meat industry, Mr. Whelp¬ and climate are unequaled for grain and stock pro¬
ley remarks that from the international standpoint duction.
the most important and recent development has been
Aside from its importance in the two instances re¬
the entrance and growing ascendancy of North Ameri¬ ferred to above, Argentina stands second in the world
can interests.
Chicago meat companies, he says, en¬ as a shipper of wool, and it is difficult to properly esti¬
tered the field only seven years ago, but have already mate the position it will attain in the larger field of
attained such a position that they are a decided, if not cereal production. As a matter of fact, it is already
a dominating, influence in the progress of the trade
practically first as an exporter (if not as a producer)
and the control of prices.
They are, moreover, gen¬ of corn, and second in wheat. All these considerations
erally credited with having stimulated the meat in¬ demand cheap and abundant transportation facilities
dustry through the introduction of progressive meth¬ by water, and these are being quite fully supplied, and
ods, particularly in the development of chilled beef, will be extended as required.
and under the stimulation Argentina has risen to be
At present, fully half the foreign commerce of the
the largest exporter of beef in the world, and second country passes through Buenos Ayres, which is situ¬
ated on the south bank of the River Plate 150 miles
only to New Zealand as a shipper of mutton.
Twenty years ago the shipments of chilled beef from from the Atlantic. Other ports include Rosario
Argentina were a negligible quantity, and even as late Santa Fe, Ybicuy and Colonia, and some of the trade
of Argentina goes by way of Montevideo, Uruguay.
as 1899 they covered a value of less than half a million
dollars, as against 828,190,000 exports from the United The foreign trade of the country has made veiy rapid
States. Since then, however, Argentina has forged strides within the last decade, but European countries
ahead rapidly, and in 1909 showed over 21 millions have profited much more largely thereby than has the
of dollars of chilled beef exports, as against 9Jt> mil¬ United States.
Imports into the country, which in
lions from the United States.
In frozen mutton, too, 1899 totaled 8116,851,000 gold (an Argentine peso
there has been an important, though not steady, gain or dollar equals 80.965 U. S. currency), had increased
in shipments of recent years.
From a total value of to 8302,756,095 in 1909, and, concurrently, exports
about 1 million dollars in 1889, there was an advance had risen from 8184,918,000 to 8397,350,528.
The
to 234 millions in 1899 and to over 7 millions in 1904, United States, however, is third, after Great Britain
with a drop to 5 1-3 millions in 1909.
Finally, the and Germany, among the nations from which im¬
exports of all meat products, which in 1889 reached a ports come, and the same two, with Belgium and
value of less than four millions of dollars, covered France, are larger receivers of its products. That
6% millions in 1897 and 33 1-3 millions in 1909. In¬ Europe has secured the greater part of the trade of
cidental to the development of the meat industry of Argentina is explained, of course, by the willingness
was
1681
THE CHRONICLE
Deo. 24 1910. |
displayed to study and meet the requirements of the
country. That our manufacturers and exporters have
been slow to do, but an improvement
has been in evidence of late.
in this respect
No additional
deposits are, however, now in contemplation, and this an¬
refer to postal savings deposits.
nouncement does not
—Edward Douglass
White, who
was
nominated by Presi¬
Chief Justice of the United States
dent Taft last week as
Supreme Court, to succeed the late Melville W. Fuller, was
into his new office on the 19th inst.
—The nomination of Martin A. Knapp to be an additional
U. S. Circuit Judge for the Second Judicial Circuit, and
designated to serve for five years as Presiding Judge in the
Commerce Court, was confirmed by the United States Senate
on the 20th inst.
The nomination was sent in by President
Taft on the 12th inst.
Mr. Knapp has been Chairman of the
Inter-State Commerce Commission.
Others who were
nominated with Mr. Knapp to serve on the Commerce Court
are Robert W. Archbold of Pennsylvania, now serving as
United States District Judge, to serve four years; William
H. Hunt of Montana, now serving as Associate Judge of the
Court of Customs Appeals, to serve for three years; John
Emmet Carland, now serving as United States District Judge,
sworn
Exports from the United States to Argentina consist
chiefly of raw materials and heavier kinds of manu¬
factured articles, but Mr. Whelpley states that for
other commodities, especially in the way
of household and office conveniences, there is good
numerous
In the near future also, in his opinion,
be an opening for dairy machinery,
the market for which the United States should be
able to secure, as it is already the source of supply
of most of the agricultural machinery used.
Further¬
more, the large irrigation projects now under con¬
sideration by the National Government as well as by
the individual States should bring a demand for the
modern machinery which this country can supply.
In addressing the National Association of Manufac¬
turers in this city recently, Mr. Charles E. Sherrill,
United States Minister to the Argentine Republic,
explained the existing conditions of American trade
there and pointed out some of the things needed to be
done to forward the interests of the United States.
He especially urged the need of American banks.
On several occasions within the last two or three
years we have attempted to draw attention to the
promising field for developing our trade, especially
in manufactures, the various South American coun¬
tries offer. This we can merely reiterate here, add¬
ing that nowhere do the possibilities seem so great as
in Argentina. It may have escaped notice, but is
nevertheless true, that Argentina, with its population
opportunity.
there would seem to
to
serve
for
Two
one
new
mission
and Julian W. Mack of Illinois to
for two years,
serve
year.
nominations on the Inter-State Commerce Com¬
also confirmed this week—C. C. McChord of
were
Kentucky to fill the unexpired term of Commissioner Knapp
Meyer of Wisconsin to replace Francis M. Cockrell
with the expiration of his term on the 31st inst.
and B. H.
—The nomination of
Joseph Austin Holmes as
Director o /
Bureau of Mines, established in the Department of
the Interior under the bill passed by Congress last May,
the
new
confirmed by the Senate on the 19th inst. Mr. Holmes
appointed to the post in September.
—George W. Prince, Representative from Illinois, has
been appointed by the Speaker of the House of Representa¬
tives to succeed the late Jesse Overstreet as a member of the
National Monetary Commission,
—The nomination of George E. Roberts as Director of
the United States Mint was confirmed by the Senate on the
14th inst.
Mr. Roberts assumed the duties of the office on
Sept. 14.
—Action which may result in bringing about a discon¬
tinuance of arbitrage trading between members of the New
York Stock Exchange and European houses has been taken
of not much more than 6 millions, is a better customer by the local Exchange, which has referred the matter to a
of the United States than Japan, with somewhere committee of five for determination. The Exchange has
about 50
millions, and China, with its hundreds
of
millions.
BANKERS AND TRUST CO S.
public sales of bank stocks this week aggregate 31
shares, of which 26 shares were sold at auction and 5 shares
at the Stock Exchange.
The transactions in trust company
stocks, all auction sales, reach a total of 50shares. A sale
of 2 shares of stock of the Market & Fulton National Bank
was made at 272—an advance of 21 points over the price
paid in October, when the last previous sale was made.
Five shares of stock of the Jefferson Bank were sold at 185,
the last previous sale having been at 174 in February.
—The
1
BANKS—New York.
City Bank, National.
*5 Commerce, Nat. Bank
was
made known its decision to pass upon
_
of
5 Jefferson Bank.
_
_
previous sale.
Low.
High.
Close.
Last
387
387
387
195
195
195
Nov. 1910— 383 X
Dec. 1910— 195
185
185
185
Feb.
1910— 174
Oct. 1910— 251
272
272
272
352 X 352 X 352 X Nov. 1910— 351
Bank, National
TRUST COMPANY—New York.
Jaa. 1910— 363 X
355
355
355
40 Washington Trust Co
TRUST COMPANY —Brooklyn.
Nov. 1909— 121 X
115
115
115
10
2 Market & Fulton Nat. Bank.
18 Park
_
_
__
the question in the
following notice to the members;
The
ITEMS ABOUT BANKS,
Shares.
was
Committee
on
Commissions reports after
investigation that the
European
Exchange,'
five for
arbitrage business as conducted between this Exchange and the
exchanges has practically nullified the commission laws of this
and recommends that the matter be referred to a committee of
action.
Arbitrage dealings between New York and other cities in
forbidden for some years, be¬
cause of the conclusions of the Exchange that a division of
profits in such tradings virtually amounted to a splitting of
commissions.
It is for the same reason, it is said, that the
the United States has been
proposition to prohibit
international arbitrage is now under
According to the New York “Sun,” the
officers of the Stock Exchange who hold arbitrage to be
consideration.
equivalent to “commission
tion
as
splitting, “explain their conten¬
follows:
is a member of the New York Stock
The other is not.
Yet It is the custom for the New York
broker and the London broker to divide profits on arbitrage business.
A
London Exchange member, whose seat is worth very little and who has no
rights on the New York Exchange, profits from the transaction as much
as does a New York broker who pays $75,000 to $95,000 for the privilege of
trading. The two split profits, wherefore they must split commissions.”
“Of the two parties in arbitrage one
Exchange.
meeting of the Governing Committee of the Phila¬
delphia Stock Exchange, held on the 5th inst., it was re¬
—The New York Coffee Exchange, following the action solved that the unit of trading in bonds shall be $1,000.
of the New York Stock and Cotton Exchanges, will be closed This means, according to the Philadelphia papers, that if a
to-day (Saturday) in addition to Monday. The Produce broker bids for a large amount of bonds, he must accept a
Exchange is the only local market open to-day. The Boston, $1,000 bond at that figure. A ruling made by the Exchange
Philadelphia, Baltimore and Pittsburgh Stock Exchanges have this week permits quotations on the basis of sixteenths in all
stocks on which the commission is 6)4 cents a share.
Here¬
all suspended business for the three days to Tuesday next.
is
the
specifically
designated
tofore, it
stated,
committee
the
—Bonds of the Manila Railroad Co. have been added to
stocks which could be so quoted.
the list of securities acceptable to the Government for public
—The organization of a National Currency Association in
deposits in national banks. Announcement to this effect
Cincinnati
was perfected on the 13th inst. at a meeting of
was made by the Secretary of the Treasury in the following
eight of the national banks of the city and the two national
statement, issued on the 20th inst:.
banks of Norwood. The banks making up its membership are
The Secretary of the Treasury to-day announced, in accordance with the
Act of Congress approved March 4 1907, that during the calendar year
the following Cincinnati banks; the First National, the Second
1911 the following named bonds will be accepted as security for public de¬
National, the Fourth National, the Fifth-Third National,
posits with national bank depositaries:
the German National, the Citizens’ National, the Atlas Na¬
United States, Philippine, Porto Rican and District of Columbia bonds
at par; bonds of Hawaiian Territory at 90% of par; bonds of the Philippine
tional and the Market National, and the First National Bank
Railway Co. and Manila Railroad Co. at 90% of their market value, but
of Norwood and the Norwood National.
The organization
not exceeding 90% of par.
Queens County Trust Co
*
Sold at the Stock Exchange.
—At
a
1682
THE CHRONICLE
has been formed under the name of the National
Association of Cincinnati.
Its officers are:
Currency
President, W. S.
Rowe, President of the First National Bank of Cincinnati;
Vice-President, Charles A. Hinsch, President of the FifthThird National Bank; Treasurer, Charles E.
Wilson, Presi¬
dent of the Fourth National
Bank, and Secretary, E. E.
Galbreath, Vice-President of the Second National. The
executive
committee
consists
of
George
Guckenberger,
President of the Atlas National; G. P.
Griffith, Vice-President
of the Citizens’ National;
Casper H. Rowe, Vice-President
of the Market National;
George H. Bohrer, President of the
German National, and C. H. M. Atkins, President of the First
National Bank of Norwood.
—The Nevada statute enacted last
year, and intended to
regulate private banks, by requiring that all banking con¬
of the State be
incorporated thereunder, if not else¬
where incorporated, has been declared
unconstitutional by
the Supreme Court of Nevada,
according to the San Francisco
cerns
“Commercial Newrs” of November 30. Under the decision
the “News” states, the Court holds that
“the business of banking Is a lawful
business, which it is the Inherent right
of every citizen to engage in.
The Act of March 24 1909 provided by Sec¬
tion 2 that it should be
unlawful, under penalty, for any corporation,
partnership, firm or individual, to engage in the banking business
except
by means of a corporation duly organized for such purposes under the laws
of the State.
Sections 5 and 6 created a banking board to have
general
supervision of banks and banking.
Section 12 provided that it should
be unlawful to engage in
banking Without obtaining a license from such
board, which license should issue only to corporations
duly organized to do
a
banking business. Such Act is in conflict with that section of the Consti¬
tution asserting rights to
liberty, property and happiness, to that section
guaranteeing due
process of law and to the section
not enumerated are saved to the
people.”
—At
declaring that rights
meeting of the Executive Committee of the Clear¬
ing House Section of the American Bankers’ Association in
Chicago on the 16th inst., Secretary Farnsworth was in¬
structed to have prepared in
pamphlet form, for distribution,
the proceedings of the
meeting of the Section at Los Angeles
appertaining directly to clearing-house examiners. The
preparation of special articles by J. K. Ottley of Atlanta
and C. A. Ruggles of Boston on the zone
system of handling
country checks was also authorized, these articles to be pub¬
a
lished in the Journal of the American Bankers’
Association.
The question of
are
weekly reports of the clearing house, which
given out for publication, was discussed, and it was
brought out that it
was desirable to have
greater uniformity
in these reports.
This will be the special order of business
at the next meeting
of the
committee, which will probably
be held in New York in March.
—The Fourth National
banks of this city,
Bank,
one
of the best-known
formally opened its enlarged and re¬
modeled banking room last
Saturday. A large gathering of
New York City bank officials and out-of-town
bankers at¬
tended the reception held by the officials in
the afternoon.
The entire Germania Life Insurance
National
Bldg., where the Fourth
formerly had only the Nassau
and Pine streets
cor¬
purchased in 1909, and recently the whole second
floor, from Pine Street to Cedar Street, has been recon¬
structed.
The result is that its
banking-room is one of the
largest in New York and also attractively modern. The
Fourth’s offices now extend the full
length of Nassau Street,
(about 150 feet) from the Pine to the Cedar Street corners.
In the centre of the
building a horse-shoe shaped stairway
admits of easy
entranceJtoJthefbank from the street, and
under these stairs, direct entrance is had to
the elevators
ner, was
and other offices in the
added
new
attraction
home
interior wall
a
of
building. This
giving the exterior
entrance has the
of the Fourth’s
distinctive architectural appearance.
decoration of the banking room is
The
paneled
antique bronze
English oak, with furniture to match and
fixtures and lighting arrangements.
The effect created was
commented on last Saturday as
giving the banking room the
quiet elegance of a living room. On a little
higher level
than the main banking room, reached
by a broad staircase,
are
the customers’ and directors’
rooms,
both very comfort¬
style and shade. The customers’
room on the Pine Street side is
quiet,large, well-stocked with
newspapers, writing desks and a library of useful books, with
a
stenographer in attendance to accommodate out-of-town
customers with their correspondence.
The treatment of the
panels on the ceilings of both these rooms is unique and is said
to be copied from President
Cannon’s library ceiling at
Scarsdale, N. Y. The officers’ spacious quarters on the
Nassau and Pine Street side, where the President’s
private
able, finished in the
office is
located,
are
same
accessible to the public.
The Fourth
President James G.
National Bank was organized in 1864.
Cannon succeeded J. Edward
Simmons, who died
last
August.
[VOL.
LXXXXI
The capital and surplus was recently increased to
care for the institution’s expansion in busi¬
$10,000,000, to
Mr. Cannon’s official associates are Samuel S.
Camp¬
bell and Charles H.
Patterson, Vice-Presidents; Daniel J.
ness.
Rogers, Cashier, and Ernest W. Davenport, Assistant Cash¬
The directorate includes: Cornelius N.
Bliss, Robert
W. Stuart, Wm. S.
Opdyke, T. Frank Manville, Thos. H.
McKittrick, Mortimer L. Schiff, L. F. Loree, Eugene Delano,
M. Orme Wilson,
Eldridge G. Snow and Mr. Cannon.
ier.
—Clarence H. Kelsey, President of the Title Guarantee &
Trust Co. of this city, was elected a member of the
Yale
Corporation on the 18th inst., to succeed Rev. Dr. Charles
Ray Palmer. Mr. Kelsey was valedictorian of the Class of
1878.
—A consolidation of the Chatham National
and Phenix
National banks of this city,
which was rumored as under
consideration more than a 3’-ear
ago,
pushed.
is
now
actively being
The stockholders of the Phenix National have been
advised of the offer of a
proposed
the shares of that
institution, this
syndicate to purchase all
syndicate, it is understood,
being headed by George Coffing Warner and William A.
Law.
Mr. Law, who is First Vice-President of
the First
National Bank of
Philadelphia, was one of a syndicate
which acquired a large interest in the
Chatham National in
September 1909. The plans which have been formulated
to effect the consolidation
provide for the appointment of a
eight to determine the price, based upon the
valuation of its assets, to be
paid for the stock of the Phenix
the bank and the syndicate each
having four representatives
committee of
,
in the committee.
In
case
of the failure of the committee to
final decision is to be left with Charles H.
Sabin,
Vice-President of the Guaranty Trust Co. As an alterna¬
agree,
tive to the
appraisal plan,it is proposed that the consolida¬
liquidation of the Phenix by
finally brought to a successful
conclusion, the consolidated bank will be known as the
Chatham & Phenix National Bank, and will have a
capital
and surplus of $3,000,000.
Louis G. Kaufman, President
of the Chatham, is slated for the
presidency, and Bert L.
Haskins, Cashier of the Phenix, for the cashiership. Both
banks are among the older financial institutions of
the city.
The Chatham was
organized as a State bank in 1851 and
became a national bank in 1865.
Its capital has continued
at $450,000 (in $25
shares) from the start. It has a surplus
of over a million dollars, and
deposits on the 17th inst. of
$7,959,300. Mr. Kaufman became President of the bank
in August last.
He had previously been identified with
banking interests of Michigan for eighteen years. George
M. Hard, who has been associated with the
Chatham for
over
fifty years, and was its President for more than twentytion be carried out
through the
its directors.
If the project is
five years, is Chairman of its board.
dates from 1865.
It has a capital of
and profits of about $750,000; its
The Phenix National
$1,009,000 and surplus
deposits on Saturday last
were
since
$7,853,000. Finis E. Marshall has been its President
April 1905; he was formerly a Vice-President of the
National Bank of Commerce in St. Louis.
The Chatham National
Bank has just declared
tra dividend of 4% from the
earnings of the
an
ex¬
year, along with
regular quarterly distribution of 4% from the
earnings of the past"three months, both payable Jan. 1 1911
the
160th
to holders of record Dec. 23 1910.
—At
meeting this week of the directors of the Mercantile
Trust Co. of this city, Edwin
Hawley was elected a member
of the Executive Committee and William
Sproule was made
a director.
Mr. Sproule is President of
a
—The
suspension of the New York
Wells, Fargo & Co.
Stock Exchange house
of Judson & Judson of 25 Broad Street
the Exchange on the 17th
inst., and in
voluntary
petition
A. Leo Everett
was
subsequently filed
appointed receiver.
was
announced
on
response to an in¬
against
the
The firm
firm,
was com¬
posed of Alfred M. Judson, a member ofthe Exchange since
1889; Charles Y. Judson, and Percy W. Sherman. Accord¬
ing to a statement attributed to C. Y. Judson, the firm had
been doing very little business for the last two or three
years;
he also said that he believed the liabilities would not
amount
to much more than
$100,000, and that there were
enough
quick assets to pay off at once about 70% of the
outstanding
obligations. Counsel for the receiver later placed the liabili¬
ties as between $150,000 and
$200,000 and the assets
from $130,000 to $140,000.
—Miles M.
O’Brien, who recently resigned
as
Vice-Presi¬
dent and director of the Mercantile National
Bank of this
city on account of ill-health, died on Thursday. Mr. O’Brien
DEO. 24 1910. )
1683
THE CHRONICLE
formerly been President of the New Amsterdam
National Bank, but had relinquished that office a year before
the institution closed its doors in 1908.
He was born in
Ireland sixty-seven years ago, but came here at an early age.
Before entering the banking field he had for a number of
had also
Securities, claimed to be worth about $68,000.
arranged, the directors, who were sued for
American Ice
In the settlement
$380,000 by Mr. McKinnon for losses suffered by the bank,
agree to relieve him from the judgment of $240,000, and to
turn over to him for cancellation 600 shares of stock of the
National Bank of North America.
Mr. McKinnon places
the value of the proposed settlement at at least $211,000. The
suit against the directors involved Charles W. Morse, John H.
Flagler, William F. Havemeyer, Alfred H. Curtis, Ashbel H.
Barney and James T. Barney, as executors of the estate of
Charles T. Barney; John W. Gates, Charles M. Schwab and
with H. B. Claflin & Co. He was
Board of Education.
—The Fidelity Trust Co. of this city has adopted a unique
way of reminding its stockholders of the holiday season by
sending out a Christinas dividend check of 2% on its capital
stock, payable Dec. 22, in addition to the customary 3% Robert M.
Thompson.
semi-annual dividend.
This is 1% more than the addi¬
—Walter A. Hall, former paying teller of the Herald
tional dividend paid at this time last year, and increases
the rate from 7 % yearly to 8%.
The announcement and Square Branch of the Greenwich Bank, who pleaded guilty
signed check are appropriately printed with Christmas recently to an indictment charging grand larceny, was
years been^connected
twice President of the
holly decorations.
—Among the Christmas distributions made this year to
employees by the local banks and trust companies, that of
the Central Trust is perhaps the most conspicuous.
The
company has appropriated as a bonus to the employees a
sum similar to that set aside for the same purpose last year,
namely, $50,000, which is equivalent to 50% of the salaries
of those who share in the distribution.
The trustee, it is
announced, have also voted a bonus of $50,000 to President
James N. Wallace.
against the Hanover National
city was handed down in the State Supreme
Court, Trial Term, on Wednesday in an action brought by
Springs & Co. of the New York Cotton Exchange as an
outgrowth of the Knight, Yancey & Co. suspension. It
appears that Springs & Co. had paid a draft for over $100,000
attached to what purported to be a bill of lading issued by a
railroad acknowledging the receipt of 1,500 bales of cotton
shipped to the order of Knight, Yancey & Co., and by en¬
dorsement transferred from that concern to Springs & Co.
The draft with the bill of lading attached was deposited with
the First National Bank of Decatur, Ala., and indorsed over
to the Hanover National Bank of New York for collection.
The latter, it is stated, presented it to Springs & Co., collect¬
ing the money and surrendering the bill of lading, which
to be fraudulent.
was later found
Suit was brought by
Springs & Co. against the Hanover National on the theory
—A
verdict
for $39,910
Bank of this
thejindorsement by the Alabama bank to the Hano¬
ver National the latter became the owner of the draft and
bill of lading, and warranted the genuineness of the bill of
lading. Judgment for Springs & Co. was given by the Court
on
Wednesday on the ground that the company paid the
money on the belief that the bill of lading was genuine, and
in view of the fact that it proved otherwise, it was held to
be inequitable for the Hanover to retain the money.
The
H •mover, it is understood, will appeal|the|decision. 1
B—Yesterday all employees of theJjBankers Trust Co. of
this city received a Christmas bonus amounting to 10%
of their salary for the year.
The executive committee, it is
stated, thought it appropriate to recognize in this way the
faithfulness of employees and their part in making the past
year the most prosperous one in the company’s history.
—The Trust Company of America has declared a quarterly
dividend of 3%, payable Dec. 31 1910 to holders of record
This increases the yearly rate from 10% to 12%,
Dec. 24.
previous payments at each quarterly period having been 2 x/i %.
PI—-An initialfldividend has been declared by the Battery
that with
sentenced
on
the 9th inst. to not less than two years nor
than three years and
volved in the shortage was
more
ten months. The amount in¬
$44,000, of which $15,690 was
subsequently returned.
—Cornwall A. Arnold, formerly an assistant paying teller
of the Seventy-second Street branch of the Corn Exchange
Bank, who pleaded guilty to misapplying $1,485 of the
bank’s funds, was sentenced to the Elmira Reformatory on
inst.
16th
the
week of the agreement under
Williamsburgh Trust Co. of Brooklyn
—With the termination last
which control of the
Borough had lodged with a voting trust since its reorganiza¬
tion in 1908, announcement was made of the purpose to
place before the shareholders for decision the question as to
whether the business of the institution shall be continued or
The company was one of the several Jenkins
institutions which suspended in October 1907.
Its reopen¬
dissolved.
ing the following June was effected through a loan of $1,500,000 from the Metropolitan Trust Co. and an agreement to
place about 80% of its stock with a board of trustees con¬
sisting of Gen. Bray ton Ives, William N. Dykman and the
late J. Edward Simmons.
The original agreement was dated
May 5 1908 and had two years to run, and on May 5 of the
present year was renewed for a further period of one year.
It is stated that under the terms of the agreement the trus¬
tees were entitled to terminate it at any time.
Its termina¬
tion, and the intention to act on the proposition as to whether
shall continue, were made known in
following statement issued by President Jacob Klinck
not the
or
the
on
company
the 14th inst.
returned to the Williamsburgh Trust Co. for
capital stock transferred to him In May
1908.
Yesterday Gen. Ives and William Dykman, as voting trustees,
terminated the voting trust agreement under which they held over 5,000
shares of the capital stock, and arranged for the return of these shares to
The result of this is to put every share¬
the holders who deposited them.
holder just where he was before suspension.
To-day the directors have concluded an agreement with the Metropolitan
Trust Co. whereby we borrow money enough to pay every depositor in
full, in cash, at once, and the assets of our company will be liquidated by
Gen.
Brayton Ives has
distribution over 1,100 shares of
the
Metropolitan Company between now and July 1 1912, but under the
who compose the executive committee of the Williams¬
direction of the men
burgh Company.
This will prevent the waste or sacrifice of our assets.
The agreement provides that the shareholders shall meet and pass upon
the agreement, and also decide whether the Williamsburgh Trust Co.
shall continue business or be dissolved.
We have been'forced to lay this
question
before the shareholders by diminishing deposits and profits,
believe that the shareholders will be benefited
which has led the directors to
by liquidation.
Williamsburgh Trust Co. was organized in 1899. It
capital of $700,000. In a report made to the Bank¬
ing Department by the company several months prior to its
closing in October 1908, its deposits were given as over
Park National Bank of this city, being a semi-annual dis¬ $8,000,000.
On June 17 i908, shortly after its reopening,
tribution of 3%, pavable Jan. 3 1911 to holders of record
the deposits were reported as $3,684,097, while in its state¬
Dec. 22 1910.
ment in response to the call of Nov. 10 1910 deposits of
—The County Trust Co. of White Plains, N. Y., has de¬ $1,312,600 are shown.
The “Brooklyn Eagle” states that
under the present arrangement with the Metropolitan Trust
clared its first dividend of 2%, quarterly, payable Jan. 3,
the latter has advanced to the Williamsburgh in the neigh¬
being at the rate of 8% per annum.
borhood of $1,250,000.
All but about $600,000 of the origi¬
—An order approving the arrangements entered into with
nal loan of $1,500,000, it is stated, has been paid off, making
the directors of the failed National Bank of North America
its total obligations to the Metropolitan now approximately
of this city’ by John W. McKinnon, agent for the share¬
holders, in which a settlement of the suits against the di¬ $1,850,000. It is further said that, in consideration of this,
the directors of the Williamsburgh Trust have assigned to
rectors is effected, was signed by Judge Ward in the United
the Metropolitan all assets of the former, including real estate
States Circuit Court on the 17th inst.
The arrangement, it is
understood, also disposes of the litigation in which Mr. Mc¬ holdings.
—The Brooklyn Trust Co. has declared not only the usual
Kinnon, as agent, was defendant; this concerned a judgment
quarterly dividend of 5%, but also an extra dividend of 5%,
which had been obtained against him by the Mercantile
$240,000 in a suit growing out of
alleged losses on a loan made to the National Bank of North
America during Mr. Morse’s association with that institution.
Mr. McKinnon had already lost this suit in the lower Court",
and had little expectation of winning it on an appeal.
As
National Bank for about
seeuritygforgthe£loan,|the Mercantile holds 4,000 shareslof
The
has
a
payable Jan. 3 1911 to holders of record Dec. 23 1910.
Valentine, a director in the Long Island Loan &
Trust Company and the Mechanics’ Bank of Brooklyn Bor¬
ough, died on the 21st inst. He was also a director of the
Brooklyn Rapid Transit Co. and numerous other local or¬
ganizations. He was sixty-five years of age.
both
—David H.
1684
THE CHRONICLE
—A dividend of
100%, it is announced, is to be paid to the
stockholders of the Montclair Trust Co. of
Montclair, N. J.
It is also stated that at the annual
meeting in January the
capital is to be increased from $100,000 to $200,000,
and
further that it has been
agreed by a syndicate of directors
and others to
take, at $175 per share, any of the new issue
not placed with the stockholders at
par.
—As another step in
bringing into effect the plan of uniting
the business of the New Haven
Trust Co. and the Union
Trust Co. of New
Haven, Conn., the New Haven Trust has
increased its capital from
$200,000 to $650,000. Its stock¬
holders voted on the
proposition on Nov. 4 and their action
was
approved on the same date by the trustees. We are in¬
formed that 2,500 shares are to be used in
accordance with
the plan to acquire the assets of
the Union Trust Co., capital
$100,000.
The remaining 2,000 shares were offered and have
by the public at $150 per share, 50% of
being payable on or before Jan. 1 1911
and the
remaining 50% on or before May 1 1911. At pres¬
ent each institution is
carrying on business in its
been subscribed to
the subscriptions
quarters and will continue to do
is
respective
so
until the
new
ready for occupancy—about the first of May 1911.
—While there is
no
law in Massachusetts
savings bank
building
prohibiting
a
treasurer from serving as a town
treasurer,
State Bank Commissioner
Chapin is said to have made
known his desire that the same
person shall not officiate in
both capacities.
In view of the Commissioner’s
wishes,
F. E. Nickerson, Treasurer of the
Stoneham Five Cent
Savings Bank and Town Treasurer of Stoneham, has an¬
nounced that he will not be a candidate for
re-election as
Town Treasurer next year.
It is stated that there are but
few instances where the two offices
are held
person.
About
by the
seven
one
law was passed by the
State Legislature
officers
of savings banks from
prohibiting
holding official positions in national banks.
years ago a
—The Exchange Trust Co. of Boston
has been accorded
permission by the Board of Bank Incorporators to
operate
a branch at 124
Boylston Street. kIt is stated that it will be
opened early in the coming year.
—Chester C. Rumrill has been elected a
member of the
board of the National Union Bank of
Boston.
—William. J. Keliher, who was found
guilty last June of
aiding and abetting George W. Coleman, former
bookkeeper
of the failed National
City Bank of Cambridge, Mass., in the
misapplication of funds of the institution, was sentenced on
the 20th inst. to a term of
eighteen years in the State Prison
at Charlestown.
A stay in the execution of the
sentence has
been granted
pending an appeal. District Attorney French
in presenting the case for sentence
to Judge
Hale^ made
the
assertion that Coleman was a mere tool
of the de¬
fendant and his associates, into whose
pockets, he claimed,
there went -at least $200,000
of the assets of the bank,
“through the instrumentality of
a
fake faro
in New York.”
Coleman is now serving a
tence.
The bank failed on Feb. 23 1910.
game
operated
fifteen-year
sen¬
—A dividend of
7% has been declared to the creditors of
the First National Bank of
Chelsea,
Aug. 16 1906,
Mass., which failed
on
The present payment, it is
stated, makes
the aggregate thus far
93%.
—The Merchants’ Trust Co. is
being formed in Lawrence,
will be consolidated the business of the Law¬
rence National Bank and the
Merchants’ National Bank of
that town.
It is expected that the new institution
will make
use of the offices of both banks.
At a meeting on the 12th
inst. the directors of the Law’rence National
adopted a reso¬
lution recommending to the stockholders
that their insti¬
tution be placed in
liquidation and that its assets be sold
to the proposed trust
company.
The Lawrence National
has a capital of
Mass., and in it
$300,000 and the Merchants’ National
capital of $100,000.
a
—The Saco
Savings Bank of Saco, Maine, was closed on
a
temporary injunction restraining it
conducting business, granted at the instance of State
the 16th inst. under
from
Bank Commissioner Skelton and four of the
trustees of the
institution. The action followed a conference between
the
trustees and the Bank Examiner held as a result
of the falling
off in deposits disclosed in the
semi-annual report of the bank
made to the
Banking Department in November. Com¬
missioner Skelton in a statement issued in
the matter says
in part:
During the six months from
$1,434,542 73 to $1,361,431
June 3 to Dec. 3 the bank’s
deposits fell from
79.
In the meantime the
July dividend,
amounting to $27,983 79, had been declared and added
to deposits or with¬
[Yol.
LXXXXl.
drawn, making
a total net reduction of $101,094 73.
This absorbed the
bank’s available cash and some
$30,000 of borrowed money.
The bulk of these withdrawals
occurred in the space of a few weeks in
the early fall, and no material
decrease has taken place recently, but there
was reason to believe that
more would follow the payment of the
January
dividend. These could only be met by further
borrowing or by the sale
of those securities which
commanded the best market.
Either solution would mean ultimate loss to
the less vigilant depositors,
and it was thought best to take
such action as would assure
equal treat¬
ment
to all.
This bank’s troubles date from its connection
with the Summit Spring
Hotel property in Poland,
formerly known as the White Oak Hill Hotel,
which was taken on some nine or ten
years ago under the administration of
a former President of the
bank.
A large amount of money was invested
in this enterprise, first as a
direct loan and then in an attempt to save that
already advanced, and never returned any income to the bank.
The withdrawals
are
said to have followed the
closing last
County Savings Bank in the adjacent
city of Biddeford. The Saco Savings Bank was
organized
in 1869.
A hearing on the question of
appointing a receiver
August of the
York
for the institution will be had Jan. 3.
—Profits of over $1,200,000 were shown
by the Girard
Trust Co. of Philadelphia in its
report for the year ending
Nov. 30, submitted at the annual
meeting held on the 19th
inst.
These profits are equal to over
48% on the capital of
$2,500,000, or 12% on the combined capital and surplus
of $10,000,000.
The trust funds of estates in the
company’s
given as approximately $110,000,000, while the
amount represented in the
corporate trusts aggregates some
$1,360,000,000 The' Philadelphia “Enquirer” states that
a pension fund has been established
by the company to take
care of
every officer or clerk incapacitated by old age or
illness.
The following directors, whose terms
expired this
year, have been re-elected for a term of four years:
Edward
J. Berwind, Randal Morgan, Edward T.
Stotesbury, Henry
B. Coxe and Edgar C. Felton.
charge
are
—James N.
Huston, formerly LTnited States Treasurer;
Harvey M. Lewis and Everett Du Four are reported to have
been convicted on the 13th inst.
bjr a jury in the Criminal
Court of conspiracy to use the mails to defraud in connection
operation of the National Trust Co. of Washington,
whose offices were closed by the Government
with the
early the
present
year.
The company, it is stated, offered to guar¬
antee the stock of other companies on a commission
basis;
but the claim is said to have been made
by the Post Office
inspectors who raided the offices that they failed to find
company’s ability to carry
material evidence to justify the
out its guaranties.
A motion for
a new
trial will be made.
—Arrangements for the payment of the amount which
remains due to the City of
Pittsburgh by the failed
Allegheny National Bank of that city have been made by
still
the bondsmen.
1908 the city’s
of this
that
it
a
At the time of the failure of the bank in
deposit amounted to about $1,500,000, and
little less than
has been
$200,000 is unpaid.
It is stated
agreed to accept 2% interest‘ from the
bondsmen, the same amount which the bank would have
paid, and that the total payment which they will make in
the final discharge of the debt is
$195,000. A resolution
authorizing the consummation of the settlement will be
passed by the City Council at its next regular session.
—A motion to
quash the indictment against Frank N.
Hoffstot, President of the German National Bank of Alle¬
gheny, Pa., is denied in decisions handed down on the
3d inst. by Judges Swearingen and Cohen of the
Quarter
Sessions Court at Pittsburgh.
A similar motion on behalf
of Max G. Leslie, County Delinquent Tax
Collector, was
denied at the
grew out
banks as
Times”
same
time.
The indictments in both
of the passage of
city depositaries.
states
cases
an ordinance naming certain
The
Pittsburgh
that the motions to quash
“Gazette-
“were filed
on
alleged irregularities in swearing witnesses before the Grand
Jury; that Harrison Nesbit, foreman of the Grand Jury,
was not a qualified
elector; improper sealing of the jury
wheel; that stenographic notes taken before the jury
were allowed
to get into other hands than those of the
District-Attorney and his assistants, and that Bartley
Fleming, Jury Commissioner, was never properly sworn.”
Three opinions were filed, two by Judge
Swearingen separ¬
ately refusing the petition of the defendants, and the other
by Judge Cohen concurring in both opinions of Judge
Swearingen. It was held by the Court that the objections
raised, while legal, were purely technical.
—The Mellon National Bank of
a calendar of
large
to its friends
Pittsburgh is distributing
size for 19.11 which wiU
most useful for offices and banking rooms where the
practical needs are such as to require a calendar which will
be visible at a long distance.
prove
Irving Osborne to retire as Presi¬
dent of the Continental & Commercial Trust & Savings
Bank of Chicago is announced.
Mr. Osborne, who is in
failing health, plans to go abroad for a time. He became
President of the institution last summer with its formation
through the consolidation of the American Trust & Savings
Bank and the Commercial Trust & Savings Bank.
He had
previously been chosen as head of the Commercial Trust &
Savings at the time of its organization several months before
the consolidation, and prior to that had been a Vice-Presi¬
dent of the Central Trust Co. of Illinois.
It is expected that
George M. Reynolds, President of the Continental & Com¬
mercial National Bank, will succeed Mr. Osborne in the
presidency of the Continental & Commercial Trust & Savings.
—The intention of W.
named on the 14th inst. as receiver
Cosmopolitan Bank of Chicago, a private banking
institution at 155 Washington St.
The appointment grew
out of proceedings brought against the bank by George M.
Lyle, a real estate dealer, who, it is said, charges the officials
with having issued fraudulent certificates of deposit.
A
permit to convert the institution into a State bank was
secured last fall, but it is reported that its incorporation
was not to have been perfected until the first of the year.
—The surplus account of the Chicago Title & Trust Co.
of Chicago has been increased to $1,500,000 through the
—Edmund C. Day was
of the
transfer to that item of
$500,000 from undivided profits.
The directors have also declared the usual
dend
quarterly divi¬
2%, payable Dec. 31 to stockholders of record
of
Dec. 19.
Chicago Savings Bank & Trust
Chicago, Ill., plans to increase its capital from $500,000
to $1,000,000.
A meeting of the stockholders will be held
in February to pass on the proposition, and with its ratifica¬
tion the new stock will be offered to the present holders at 120.
—It is understood that the
Co. of
—Judge Tut hill of the Chicago Circuit Court has decided
C. K. G. Billings, a director of the failed Chicago
National Bank, is personally liable for about $3,000,000
of the losses sustained by the stockholders.
On the 20th inst.
lie appointed William C. Niblack as receiver for the assets
of the institution for the purpose of bringing suit for the
collection of the claim against Mr. Billings.
The other
directors, it is stated, have paid large sums in satisfaction
of their liability, Mr. Billings, it is asserted, being the only
one who has made no payment.
It is claimed by him that
he had resigned before the suspension of the institution in
Dec. 1905, but that no action was taken on the resignation
by President Walsh. An offer to settle the claim for $158,125
was recently made by Mr. Billings, but a temporary injunc¬
tion was issued by Judge Tuthill in November restraining
the directors from presenting the proposition to the stock¬
holders.
This injunction was made permanent by Judge
that
Tuthill
on
the 16th inst.
by agents of the De¬
partment of Justice on the offices of the Capital Investment
Co. in Chicago and its branches in Aurora and Joliet. Accord¬
ing to a statement given out by the Department, and quoted
herewith, the company is characterized in the complaint as a
bucket shop whose operators have fraudulently used the
—A raid
was
made
on
the 15t-li inst.
mails.
“At noon to-day, Washington time, simultaneous arrests were made by
special agents of the Bureau of Investigation of this Department of persons
employed In the offices of the Capital Investment Co., In the Rookery
building in Chicago, and at six local offices in Chicago, Aurora and Joliet.
“The complaints allege that the Capital Investment Co. is a bucket shop
whose operators have been fraudulently using the United States mails.
“This concern is said to have thirty-three local offices in various States.
It is alleged that Sidmon McHie is the principal proprietor of this concern,
and that the active arrangement is in the hands of one Frank C. Williams.
It is believed that this is the last bucket shop of any prominence east of
Denver.”
The
concern, S. McHie, was
the 16th inst. and later released under $10,000
alleged head of the
arrested
bail.
Minneapolis began business
on the 2d inst.
The institution has a capital of $25,000.
Adam Hannah, Treasurer of the Savings Bank of Minneapolis,
on
—The Market State Bank of
is President of the
new
bank.
—The officers and staff of the First National
Bank of
sending to their friends neat little cards
a happy Christmas and a prosperous new year.
—A. W. Trumble has been elected President of the
Packers’ National Bank of South Omaha, Neb., to succeed
Minneapolis
wishing them
are
the late John F. Coad.
Mr. Trumble had been Vice-Presi¬
dent.
Lindsey has been elected President of the Her¬
mitage National Bank of Nashville, Tenn., to succeed Frank
Dibrell, resigned. Mr. Dibrell, who is State Comptroller,
—E. A.
1685
THE CHRONICLE
Dec. 24 1910.
had been President of the institution since its
establishment
Mr. Lindsey, the new head of the bank, is a
Vice-President of the First National Bank of Nashville.
last year.
City National Bank of Knoxville, Tenn., reports
deposits for the period ending with
Nov. 10th last, the amount being shown as $2,484,189,
against $2,082,743 on Sept. 1 1910. Aggregate resources
have advanced from $3,509,314 to $3,918,490.
William
S. Shields is President, Edward Henegar, Vice-President, and
R. E. Mooney, Cashier.
This institution has one of the
finest and most up-to-date bank buildings in the South
devoted solely to banking purposes.
—The Whitney-Central National Bank of New Orleans
added considerably to its deposits
in the two months
ending Nov. 10, the amount having advanced from $11,062,263 on Sept. T 1910 to $12,658,537 under the latest
statement—Nov. 10.
Aggregate resources are now reported
at $20,688,985, against $18,136,319 in September, repre¬
senting a gain of Over two and a half millions of dollars.
The institution, which has a capital of $2,500,000 and sur¬
plus and profits of $1,690,775, is now occupying its mag¬
nificent new building in the heart of the financial district.
Charles Godchaux is President; Frank B. Williams, Charles
M. Whitney, Sol Wexler, John E. Bouden Jr. and Harry T.
Howard are Vice-Presidents; John B. Ferguson is Cashier.
—It is reported that the directors of the Farmers’ &
Mechanics’ Savings Bank 'of Sacramento have decided to
raise the paid-in capital of the institution from $200,000 to
the authorized amount of $500,000 and to change the name
to the Guaranty Trust & Savings Bank.
The changes, it is
understood, will be made early the coming year.
—To show the noteworthy growth in bank deposits in
Seattle during the past fourteen years, we give below a little
table compiled by the Seattle National Bank, “which tells
more graphically than many books how Seattle has emerged
from a village to one of the financial centres of the country.”
The figures in the last call of each year are given:
—The
a
further increase in
Dec.
Nov.
“
17
15
15
1
13
10
15
17
$3,372,000 Nov.
4,904,000
7,579,000
12,404,000 Dec.
16,464,000 Nov.
19,669,000
23,969,000
23,575,000
1896
1897_:
“
18981899
1900
1901
1902
1903
“
“
10 1904
$28,821,000
9 1905
12 1906
3 1907
27 1908
16 1909
10 1910
35,850,000
60,049,000
59,575,000
63,296,000
77,444,000
78,376,000
only nine banks with deposits aggre¬
will be seen, $3,372,000, while in 1910 it has
twenty-seven banks with total deposits of $78,376,000. * The
Seattle National Bank, which effected a copsolidation with
the Puget Sound National last May, has deposits under the
new call of Nov. 10 of $15,730,909.
The National Bank of
Commerce reported deposits of $11,742,938, and the DexterHorton National deposits of $10,551,565.
These three in¬
stitutions, together with the First National Bank, which
has deposits of $3,659,877, are the only national banks in
Seattle, yet they have over 50% of the total deposits in their
keeping, and serve to give to the City of the Sound the
financial supremacy that it has gained.
In 1896 Seattle had
gating,
as
DEBT STATEMENT NOV. 30 1910.
statements of the public debt and Treasury
the United States are made up from official
figures issued Nov. 30 1910. For statement of Oct. 31 1910,
see issue of Nov. 12 1910, page 1304; that of Nov. 30 1909, see
Dec. 25 1909, page 1638.
The following
cash holdings of
INTEREST-BEARING DEBT NOV. 30 1910.
Amount
Issued.
Title of Loan—
2s,
3s,
3s,
4s,
2s,
Amount Outstanding
Total.
Coupon.
Payable.
$
$
§
Consols of 1930
Q.-J.
646,250,150 641,749,950 4,500,200'646,250,150
Q.-F.
198,792,660 42,882,740 21,062,720 63,945,460
Loan of 1908-18
Loan of 1925.
Q.-F. 162,315,400 9S,657,500 19,832,400 118,489,900
Pan. Canal Loan 1906.Q.-N.
54,631,980 54,605,220
26,760 54,631,980
373,380 30,000,000
Pan. Canal Loan 1908.Q.-F.
30,000,000 29,626,620
Interest
Aggregate int.-bearlng debt. .1,091,990,190
Registered.
§
867,522,030 45,795,460 913.317,490
Note.—Denominations of bonds are: Of $20, loan of 1908, coupon and registered;
of S50, all issues except 3s of 1908; of $100, all issues: of §500, all issue's; of $1,000,
all issues; of $5,000, all registered 2s, 3s and 4s; of $10,000, all registered bonds; of
$50,000, registered 2s
f 1930.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Oct. 31.
Nov. 30.
Funded loan of 1891, continued at 2%, called May 18
1900, Interest ceased Aug. 18 1900
Funded loan of 1891, matured Sept. 2 1891
Loan of 1904, matured Feb. 2 1904
Funded loan of 1907, matured July 2 1907
Refunding certificates, tnatured July 1 1907
Old debt matured at various dates prior to Jan. 1
1861 and other items of debt matured at viirious
dates subsequent to Jan. 1 1861
$7,000
23,650
13,450
1,089,800
17,040
00
00
00
00
00
$7,000
23,650
13,450
1,075,150
16,980
00
00
00
00
00
906,045 26
906,025 26
Aggregate debt on which interest has ceased since
maturity
$2,056,985 26
$2,042,255 26
DEBT BEARING NO INTEREST.
Oct. 31.
..$346,681,016 00
United States notes
Old demand notes
53,282 50
National bank notes—Redemption account
33,529,205 50
Fractional currency, less $8,375,934 estimated as
$346,681,016 00
53,282 50
33,151,133 00
6,858,435 93
6,858,435 93
$387,121,939 93
$386,743,867 43
lost or
destroyed
Aggregate debt bearing no Interest
Nov. 30.
1686
THE CHRONICLE
RECAPITULATION.
Classification—
Nov. 30 1010.
SU13.317.490 00
2,042,255 26
386,743,867 43
Interest-bearing debt
Debt Interest ceased
Debt bearing no interest
$913,317,490 00
2,056,985 26
—$’147730’66
387,121,939 93
—378,072 50
Total gross debt
SI,302,103,612 69 SI,302,496,415 19
Cash balance in Treasury*...
236,683,885 80
235,688,932 10
—S392.802 50
+ 994,953 70
Total net debt
*
.»
$1,065,419,726 89 SI,066,807,483 09 —SI .387,756 20
Includes $150,000,000
reserve
fund.
The
foregoing figures show a gross debt on Nov. 30 of
$1,302,103,612 69 and a net debt (gross debt less net cash
in the
Treasury) of $1,065,419,726 89.
TREASURY CASH AND DEMAND LIABILITIES.—
The cash holdings of the Government
as the items stood
Nov. 30 are set out in the
following:
ASSETS.
Trust Fund Holdings—
Gold coin
Silver dollars
Silver dollars of 1890...
Total trust fund
1,
General Fund Holdings—
Gold coin and bullion
Gold certificates..
Silver certificates
Silver dollars
Silver bullion
United States notes
Treasury notes of 1890.
National bank notes
Fractional silver coin
Fractional currency
Minor coin
Bonds and interest paid
.
LIABILITIES.
S
Trust Fund Liabilities—
910,354,669 00 Gold certificates
488,190,000 00 Silver certificates
3,494,000 00 Treasury notes of 1890.
$
910,354,669 00
488,190,000 00
3,494,000 00
402,038,669 00
Total trust liabilities. 1,402,038,669 00
Gen. Fund Liabilities—
39,351, 932 67 National Bank 5% fund.
27,148,193 OS
67.4S0, 272 00 Outstanding checks and
7,462, 588 00
drafts
13,817,411 26
1,065, 870 00 Disbursing officers’ bal¬
3,551, 344 33
ances
82,218,077 86
6,169, 091 00 Post Office Department
9, 626 00
account
3,625,004 87
20,430, 733 67 Miscellaneous items
1,672,855 35
14,974, 567 76
100 03
Total gen. liabilities..
12S.481.602 42
583, 224 74
20, 108 76
Tot. in Sub-Treas’ies.
161,099,458 96
In Nat. Bank Depositaries—
Credit Treasurer of U. S.
35,693,647 90
Credit U. S. dls. officers.
12,174.716 51
Grand total
U
and
Reserve Fund—
G old &bull.. 150,000,000 00
Grand total
1,767,204,157 22
TREASURY
TREASURY NET HOLDINGS'
Sept. 1 ’10.
Oct. 1 ’10'
NOV. 1 ’10.
Dec. 1 10.
Holdings in Sub-Treasuries
$
$
Net gold coin and bullion
229,628,447 244,362.011 261.024,062 256,832,205
Net silver coin and bullion
19,602,603
14,622,399
9,910,858
12,079,802
Net United States Treasury notes
10,719
8,775
7,442
9,626
Net legal-tender notes
6,320,278
5,325.879
5,496.564
6,169,091
Net national bank notes.
35,598,345 29,810,242 18,805,902 20,430,734
Net fractional silver..
20,366,532
18.820.064
16,995,517
14,974,568
Minor coin, &c
936,737
895,014
667,837
603,433
312,463,661 313,844.384 312,908,182d311.099,459
.150,000,000 150,000,000 150,000,000 150,000,000
Cash balance in Sub-Treasuries.. 162,463,661
Cash In national banks
48,765,121
Cash in Philippine Islands
163,844,384 162,908,182 161,099,459
48.047.442 47,898,287 47,868,364
6,110,364
5,128,254
6,421,814
6,197,665
217,339.146 217,020,080 217,228.28.3 215.165,488
127,815,938 126,036,064 131,539,351 128,481,602
Available cash balance.
89,523,208
90,984,016
85,688,932
86,683,886
Chiefly “disbursing officers’ balances
”
d Includes $3,551,344 33 silver
$6 3,433 53 minor coin, &c., not included in
statement “Stock of Money.”
IMPORTS AND EXPORTS OF GOLD AND SILVER
AT
&&& V&iSAN FRANCISCO.
The Collector of Customs at San Francisco has
furnished us
s week with the details of
the imports and exports of
gold
d silver through that
port for
the month of
1
November, and
given below in conjunction with the figures for prei
i:;g months, thus completing the results for the eleven
<
hs of the year 1910.
The imports of gold in November
r Tpf
good volume, reaching $890,863, mainly gold coin,
s
er there came in
$36,122, largely ore. During the
v ■ AmonUis there was received a
total of $4,145,040 gold
ndg;T 65 V±49 silver, which compares with $3,234,354
gold
) d]
2,608,506 silver in 1909. The shipments of gold during
e
re
:
November
were
nil and the exports of silver
were
$1,117,576,
wholly bullion. For the eleven months the exports of gold
reached $1,980,208, against $26,904,217 in
1909; and $6,511,397 silver was sent out, against $7,223,992 in 1909.
The
exhibit for November and for the eleven months is
as follows:
IMPORTS OF GOLD AND SILVER AT SAN
FRANCISCO.
Gold.
Silver.
Months.
Coin.
Bullion.
1910.
January
February
183,913
76,160
167,670
147,884
155,833
296,377
288,734
Total.
Coin.
$
$
183,913
88,160
171,738
147,884
155,833
296,627
171,115
194,318
173,280
369,798
559,285
861,506
419,433
890,863
45,450
96,797
45,936
36,583
1,496
sf. Total 11 months _.;1,943,174 2,201,866 4,145,040j
790,347
12,000
4,068
March
April
May
June
July
August
September.
October
November
-
250
81,064
274,004
622,500
252,088
697,200
285,281
239,006
167,345
193,663
^1910.
Bullion.
Total.
Coin.
$
$
S
S
January
February
1,970,208
March
1,970,20S
1,500
Bullion.
$
489,700
620,000
462,800
800,100
469.400
....
April
May
June
512.600
July
August.
September
October
November
10,000
|Total 11
10,000
4,500
10,000
25,000
mos.
1,970,208
1,980,208
31,000
Total.
$
491,200
620,000
462,800
800,100
469.400
512,600
338,500
378,000
334,000
378,000
831,821
464.400
1,117,576
489.400
L. 117,576
6,480,397
6,511,397
831.821
ftLotijctary! ©mmu cvcml E ngUsfr||je«rs
(From
our
own
eorrespondent.]
London, Saturday, December 17 1910.
The lockout of the boiler
makers, which began on Sept. 3>
was ended on
Thursday of this week, when the men returned
to work.
Thus the lockout has lasted not far short of fifteen
weeks, with immense loss of every kind. It is estimated, in¬
deed, that in wages alone the losses have amounted to
£800,000, or four million dollars. The struggle was con¬
ducted with great self-control.
There was no rioting—iin¬
deed, no disturbance of the public peace. And it is ad¬
on
both sides that the settlement is fair and
satisfac¬
21,292
4,080
The strike in South Wales is not
yet ended, but there are
very strong hopes entertained that it will be settled immo
diately. In South Wales there has not been the same selfcontrol that was shown in the North of
England and South
Scotland, for there has been a great deal of discreditable
rioting. The losses there have been very heavy, likewise,
and the experience both in the North and in
South Wales
of
CURRENCY HOLDINGS.—The following
compilation, based on official Government statements, shows
the currency holdings of the
Treasury on the first of Sep¬
tember, October, November and December 1910.
.
Silver.
Coin.
tory to both parties.
..1,767,204,157 22
fe'iJ <LJ
Gold.
Months.
mitted
Total In banks
47,888,364 41
In Treas. of Philippine Islands—
Credit Treasurer of U. S.
2,83S,9S7 07
Cash balance and reserve—
Credit U. S. dls. officers.
3,358,677 78 Total cash and reserve.. 236,683,885 80
Made up of—
Total in Philippines-.
6,197,664 85 Available.--S86,683,885 80
Reserve Fund Holdings—
Gold coin and bullion
150,000,000 00
LXXXXl.
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
Increase ( + ) or
Decrease (—).
Oct. 31 1910.
iVOL.
Bullion.
Total.
$
$
152,625
13,837
93,147
71,512
33,841
104,675
133,980
103,989
62,447
60,423
34,626
323,740
208,155
266,427
71,512
55,133
108,755
179,430
200,786
108,383
97,006
36,122
865,102 1,055,449
i
all leads to the conviction that it will be
a long
time before
disagreements between employers and employed lead to
either strikes
or
lockouts.
The boilermakers’ lockout has
lasted much
longer than the employers anticipated, and it is
equally certain that the strike in South Wales has been pro¬
tracted far beyond what the
original strikers contemplatedLosses, then, hare been serious on all sides, and the
hope is
entertained every+vhere that the lesson will be taken to
heart;
and that both
earn
oyers and
employed will in the future
past to settle amicably all
be^even more e
than in the
disputes.
■&&&£
.
The settlement of the boilermakers’ lockout led to a
gen¬
eral rise in British railway stocks,
though there was very
little increase in actual tra sactions.
We are within a fort¬
night of the end of the ye ,r. There will in the fortnight be
two Bank holidays and tv. o S +
.days. The Stock Exchange
possibly also may be closed on the Saturday before Christ¬
mas.
Thus, there will be, at all events, four idle days, and
there may be five.
In addition, o:i New Year’s Day the
Stock Exchange will be closed, so that if we include New
Year’s Day and the day following, there will
be, in little
more than a fortnight, three
Sundays, two Bank holidays,
one day on which the Stock
Exchange will be dosed and
one day on which the Stock
Exchange may be closed. In
addition to all this, there is always a great outflow of coin
and notes in connection with the Christmas
holidays, while5
in the last week of the year the final Stock
Exchange settle¬
ment has to be arranged and all the
payments made in re¬
gard to interest, dividends and other matters usual at the
turn of the year.
It is reasonable to conclude, therefore,
that few people will care to engage in new risks until the
year enters.
On the 5th of January the Bank of
England will pay out
the interest upon the National Debt.
Consequently,
money,
which is already easy and plentiful, will
become still easier,
and after that there will be a return of coin and notes from
internal circulation.
The best opinion,
consequently, is
that we shall see a marked advance in the
quotations for
British Government securities and for British
railway securi¬
ties.
Consols have been moving up for ten
new
days or a fort¬
night. The advance has been continued more decidedly
during the past couple of days, and as it is certain that the
Government has not yet invested the
surplus from the last
financial year, and as there will be a
large surplus, according
to all appearances, at the end of next
March, when the
current financial year will close, there should be in
April and
May a considerable decrease in the debt. Furthermore, the
settlement of all labor disputes, the
growing trade, the de¬
crease in the
working expenses of the railways and the in¬
crease in the traffic
receipts, cannot fail to lead to larger
investment in British
railway stocks than has taken place
for a considerable time.
th
With
regard to American securities, there is a steady* in¬
vestment going-on here at present
Prices are now so tempt¬
ing that investors proper are|buying*on3quitev'a‘'scale, and
.
Deo. 24 1910.
THE CHRONICLE
|
when dividends and interest
distributed early in Janu¬
are
ary it is reasonable to anticipate that the investment will
go on.
There has not been much speculation in Americans
any more than in any other securities for some time past.
In Paris business is as slack as it is in London.
In Berlin
it is, if possible, slacker, for the banks are all using their in¬
fluence to compel operators to lessen their accounts because
it is anticipated that money will be tight at the end of the
year.
The India Council offered for tender on Wednesday 70
lacs of its bills, and the applications exceeded 639% lacs,
prices ranging from Is. 4 l-16d. to Is. 4 3-32d. per rupee.
Applicants for bills at Is. 4 l-16d. and for telegraphic trans¬
fers at Is. 4 3-32d. per rupee were allotted about 10% of the
amounts applied for, and above in full.
The following returns show the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last four years:
at
1908.
Dec. 16.
£
1909.
Dec. 15.
£
1910.
Dec. 14.
£
Circulation
28,305,490
Public deposits
7,914,495
Other deposits
37,418,182
Governm't securities 14,412,788
Other securities
23,968,246
1906.
1907.
Dec. 18.
£
Dec.
The following shows the quantities of
maize afloat to the United Kingdom:
This week.
Wheat
Maize
£
29,146,250
29,127,495
28,733,395
7,914,495
37,418,182
7,240,660
41,642,045
5,239,758
43,489,234
14,730,533
29,542,714
14,332,136
29,883,717
22,399,234
33,076,729
6,999,729
44,073,400
15,458,516
33,857,358
19,712,354
29,995,744
Dec.
as
Dec. 9.
16.
Dec. 2.
4%
4%
Bank of England rate
follows:
Nov. 25.
5
4%
'
Open Market rate—
Bank bills—60 days
3%@3
3%@3
3 % (a 3
3% @3
3% @4
3%@4
—3 months
—4 months
—6 months
Trade bills—3 months
—1 months
merest allowed for deposits—
3%<S3 9-16
5-16
5-16
5-16
3-16
4%@4%
% @4 %
3
3%
Dec. 10.
Paris
Berlin
Bank
3%
3%
3%
3
5
.
Hamburg
5
Frankfort
Amsterdam
Brussels
Vienna
St. Petersburg
Madrid
5
4
5
5
5
4%
5
Copenhagen
Messrs.
Dec. 15:
Open
Rate. Market.
3
2%
2%
4%5
4%
4%
5
4%
4%
5
4%
3%
3%
4
3%
5
4
4%
5
4 13-16
nom.
5
nom.
4
4%
4
5
5
5
Pixley & Abell write
3%
3%
rates at the
Nov. 26.
Dec. 3.
Bank
Open
Rate. Market.
3%
4%
4%@ 4%
3%
The bank rates of discount and open market
chief Continental cities have been as follows:
Rales of
Interest at—
4
3
3
3
At call
7 to 14 days
4%
4%
4%@4%
4% @4%
4
3
By joint-stock banks
By discount houses:
4%
3 9-16
3 13-16
3 11-16
3 7-16
3 5-16 3 % @ 3 7-16
as
Bank
Open
Nov. 19.
Bank
Open
Rate. Market.
Rate. Market
3
5
5
5
4
5
5
5
4%
3
5
5
5
2%
4%
4%
4%
4
4
5
2%
4,%
4%
4%
3%
4%
4%
5
4%
5
4 13-16
5
nom.
4%
4
5
5
nom.
4
5
follows under date of
as
Chile, £3,000; West Indies, £5,000; total, £264,500.
Shipments—Port Said,
£1,500; Bombay, £135,000; Colombo, £1,000; Calcutta, £10,000; total, £147,500.
The
quotations for bullion
GOLD.
Dec. 15.
London Standard.
s.
d.
Bar gold, fine, oz
77 9%
U. S. gold coin, oz--76 4%
76 4
German gold coin, oz.
French gold coin, oz.
76 5%
76 4
Japanese yen
-
.
.
.
.
Dec. 8.
d.
s.
77 9
76 4%
76 4
76 5%
76 4
are
reported
follows:
as
SILVER.
Dec. 15.
London Standard.
d.
Bar silver, fine, oz
.25%
2 mos. delivery.. .25 7-16
Cake silver, oz
.27%
_nom.
Mexican dollars
_.
“
Dec. 8
d.
25
25 3-16
27
nom.
The following shows the imports of cereal produce into
the United Kingdom during the season to date, compared
with previous seasons:
IMPORTS.
1910-11.
1909-10.
Fourteen weeks—
Wheat
Barley
Oats
Peas.
Beans
Indian
Flour
1908-09.
1907-08.
28,374,800
9,334,700
5,815,500
524,350
1,156,400
10,596,800
3,920,600
23,983,800
10,036,900
3,836,900
482,090
489,610
10,122,700
3,546,000
25,858,200
1909-10.
1908-09.
1907-08.
3,204.600
7,955,957
28,374,800
3,920,600
8,063,354
23,983,800
3,546,000
10,743,797
25,858,200
4,254,900
10,942,019
41,503,057
30s. 9d.
0s. 4d.
40,353,754
33s. 3d.
32s. lid.
38,273,597
41,055,119
32s. 7d.
31s. 5d
34s. 7d.
cwt.30,342,500
7,681,200
3,624,200
666,931
282,457
12,838,400
3,204,600
corn
9,086,500
2,725,102
715,560
357,350
15,372,100
4,254,900
September 1):
Consols,
new,
Sat.
_d
2% percents.
For account
French rentes (in Paris), .fr
Mon.
25 5-16
79 5-16
79 7-16
97.15
66
25%
79%
.
-
79%
97.12%
Amalgamated Copper Co..
65%
b Anaconda Mining Co
8%
8%
Atch. Topeka & Santa Fe. .104%
104%
Preferred
.105%
105%
Baltimore & Ohio
.109%
109%
Preferred
92%
92%
.199
Canadian Pacific
199%
82%
Chesapeake & Ohio
83%
Chicago Great Wrestem
22%
22%
Chicago Milw. & St. Paul.. .126%
126%
Denver & Rio Grande
29
29%
Preferred
71%
71%
Erie
28%
28%
First preferred
46
46%
-
.
-
-
.
-
-
-
.
.
92
119
a
a
Pennsylvania
Reading Co
a First preferred
a Second preferred
-
-
-
-
Southern Pacific
Southern Ry
Preferred
Union Pacific
Preferred
1
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extefided 4s
a
Price per share,
66%
66%
76%
45%
48%
77
45%
48%
116%
cll6
.
.120
120%
16%
35%
66%
16%
-
35
.
66%
-
b £ sterling,
c
cwt.30,342,500
Imports of flour
Sales of home-grown
Total
Average price of wheat, week
Average price, season
33s. 9d.
136
148
32%
64%
64%
71
36
115%
42%
103%
103
92
119%
66%
77%
46%
119%
66%
77%
46%
92
71
35%
115%
42
103
91
119
119%
66%
66%
77
77
46%
46%
48%
49
49
117%
117
117%
26%
63%
174%
27
65
27%
65
176%
175%
95
95
95
75%
120%
17%
35%
66%
66%
28%
47%
35%
48
36
136
148
33
116
43
75%
120%
17%
35%
22%
126
30
72
72%
28%
104
92
66
177
95
95
75
74%
-
83%
22%
116%
42%
97.25
93
199
83
126
30
71
118%
28%
175%
95
.
93
199
36%
49
26
64
25%
62%
-174%
-
64%
8%
103%
105%
108%
148%
33%
64%
64
71
36
35%
115%
42%
104%
.
79%
79%
97.12%
65%
8%
103%
105%
108%
36
136
136%
148%
33%
64
71
.
Fri.
25 %
79 7-16
79 9-16
30%
72%
29%
48%
48
36
136%
147%
32%
25%
23
29%
35
.
Thurs.
79 9-16
79 9-16
97.10
127
30
72
.
Wed.
25%
79%
79%
97.07%
66%
66%
8%
8%
104%
104%
105%
105%
109%
< 109
93%
93%
200%
199%
84%
83%
127%
-
Second preferred
35
Illinois Central
.135%
Louisville & Nashville
-147%
Missouri Kansas & Texas..
32%
Preferred
64
Nat. RR. of Mex., 1st pref.
71
Second preferred
36%
N. Y. Central & Hud. River. 115%
N. Y. Ontario & Western..
42
Norfolk & Western
.102%
Preferred
92
Northern Pacific
.119
Tues.
23 3-16
23
-
-
74%
120%
74%
120%
16%
35%
65%
17
35
66%
Ex-dividend.
©otmwercial and f&isceltatueotts Items
BANK NOTES—CHANGKS IX TOTALS OK, AND IN
DEPOSITED BONDS, &c.—We give below tables which
show all the monthly changes in bank notes and in bonds
and legal tenders on deposit.
1909 will be found in our issue
The statement for November
of Dec. 25 1909, page 1641.
Bonds and Legal Tenders
on
Circulation Afloat Under—
Deposit for
1909-10.
Legal
Legal
Nov. 30
Oct. 31
Sept 30.__.
Aug. 31-.-_
July 31
June 30--..
May 31
April 30
Mch.
Feb.
Jan.
Dec.
31
28
31 1910
31 1909
Bonds.
Tenders.
Bonds.
Tenders.
$
696,693,160
694,926,070
$
$ ‘
693,695,443
S
691,961,860
689.813.710
688,458.280
686,974,880
685,671,510
684,943,460
683.675.710
682,695,850
681,518,900
683,437,240
33,160,390
33,538,463
32,638,029
30.188.728
27,561,375
27,913,720
29,477,138
30.206.728
31,947,510
30,635,348
28,546,979
26,952,730
691,335,845
688,157,577
687,132,323
684,468,093
685,517,013
682,765,703
683,254,858
685,311,486
679,387,520
681,332,354
683,401,523
Total
%
33,160,390
33,538,463
32,638,029
30.188.728
27,561,375
27,913,720
29,477,138
30.206.728
31,947,510
30,635,348
28,546,979
26,952,730
726,855,833
724,874,308
720,795,606
717,321,051
712,029,468
713,430,733
712,242,841
713,461,586
717,258,996
710,022,868
709,879,333
710,354,253
The following shows the
held against national bank
moneys
amount of each class of bonds
circulation and to secure public
in national bank depositories on Nov. 30.
U. S. Bonds Held Nov. 30 to Secure—
Bonds on Deposit
Nov. 30 1910.
Bank
Circulation.
Public Deposits
in Banks.
S
4% Loan of 1925
3% Loan of 1908-1918
2% Consols of 1930
2% Panama of 1936
2% Panama of 1938
4% Philippine Loans.
4% Porto Rico Loans----3.65% District of Columbia
Various, Territory of Hawaii
4% Philippine Railway
Various, State, City and Railroad
.
...
$21,396,100
15,436,540
5S0.831.100
.
.
51,382,700
27,646,720
.
.
Total
.
$696,693,160
The following show’s the amount of
afloat and the amount of legal-tender
Dec. 1 and their increase or decrease
Total
Held.
S
$4,810,000
4,178,300
24,924,900
2,798,000
1,405,000
4,642,000
944,000
872,000
663,000
146,000
2,596,000
$
526,206,100
19,614,840
605,756,000
54,180.700
29,051,720
4,642,000
944,000
872,000
663,000
146,000
2,596,000
$47,979,200
S744.672.360
national bank notes
deposits Nov. 1 and
during the month of
November:
National Bank Notes—Total Afloat—
Amount afloat Nov. 1 1910
Not amount issued during November
8724,874,308
1,981,525
Amount of bank notes afloat December 1 1910
8726,856,833
Legal Tender Notes—
Amount on deposit to redeem national bank notes November 1 1910.. S33.538.463
Net amount of bank notes redeemed in November
378,073
Amount
1910-11.
Wheat imported
1908.
1,725,000
260,000
675,000
Londov,
Week ending Dec. 23.
Silver, per oz
some
turns also show a reduction bn the week of 79 lacs at 29 crores.
The American
Government purchased a further 100,000 ounces for coinage on the 10th Inst.
The price in Bombay is Rs. 64% per 100 tolahs.
Arrivals—New York, £256,500
1909.
1,775,000
165,000
475,000
English Financial Markets—Per Gable.
daily closing quotations for securities, &c., at London,
reported by cable, have been as follows the past week:
GOLD.—Arrivals of bar gold
this week amounted to £727,000, and owing to
competition from Germany in connection with the demand usual at the end
of the year, a small premium was paid.
India and the trade secured about £ 180,000,
the Bank of England about £200,000 and the balance went to the Continent.
Next
week £598,000 Is expected from South Africa and £ 114,000 from India and Australia,
and competition for the Continent is again probable.
An inquiry for the United
States was at one time rumored, but the rise in the exchange makes this unlikely for
the present.
The Indian, demand for sovereigns is for the moment being satis¬
fied by Egypt.
Since our last there have been no withdrawals of gold from the
Bank of England, while, on the other hand, £219,000 has been received in bars and
£6,000 from Australia in sovereigns. Arrivals—South Africa, £692,000: West In¬
dies, £32,500; Australia, £2,000; West Africa, £1,000; total, £727,500.
Shipments
—Bombay, £124,500; Calcutta, £39,000; total, £163,500.
SILVER.—There has been an improvement In silver during the past week and
prices show a rise of %d. on the week at 25%d. for spot and 25 7-16d. for forward.
The factors to which we referred last week, which have recently depressed the mar¬
ket, seem now to have had thier full effect, and the tone of the market generally
has distinctly improved, while both China and India have sent good support during
The immediate outlook depends to a great extent on the export trade
the week.
in China, which is showing more activity, but the large holdings of the group of In¬
dian speculators have still a tendency to keep buyers out of the market.
The rise
this week would probably have been more marked but for the fact that a large por¬
tion of the China demand has been freely met in India by the speculative group and
though in the long run this should have a good effect, by reducing their holdings, it
at present prevents any sharp advance here.
Stocks in Bombay show a reduction
at 20,000 bars, but including silver now on the sea they amount to £2,500,000.
The offtake there Is about 80 bars a day, but should improve shortly.
Currency re¬
week.
The
.
have been
wheat, flour and
2,245,000
185,000
820,000
170,000
820,000
.
Reserve,notes&coin 24,654,238 24,654,238 22,321,236
Coin&bull.,both dep 34,509,728 34,509,728 33,017,486
Proportion assets to
45%
38%
liabilities...p. c.
54%
54%
45%
Bank rate
p. c.
4%
4%
2%
7
6
Consols, 2% p. c...
82%
82%
83 13-16
82 11-16
86
24%d.
24%d.
31 13-16d.
Silver
22 5-16d.
24 3-16d.
Clear .-house returns 299,690,000 299,690,000 271,098,000 258,386,000 277,571,000
The rates for money
Last
2,010,000
qrs.
..qrs.
qrs.
Flour, equal to
..
19.
28,305,490
14,412,788
23,968,246
1687
on
deposit to redeem national bank notes Dec. 1 1910
833,160,390
FOREIGN TRADE OF NEW YORK—MONTHLY
STATEMENT.—In addition to the other tables given in
this department, made up from weekly returns, we give the
following figures for the full months, also issued by
York Custom House.
our
New
1688
99.. 0032——TThhee
THE CHRONICLE
Merchandise Movement to New York.
Month. '
January
Imports.
1910.
1909.
$
$
78,656,123
77,826,788
March
102,955,233
April
78,224,201
May
68,497,815
June
72,216,609
July
69,966,872
August... 81,340,437
September 67,590,619
October
70,317,977
November 75,083,744
68,687,013
68,295,105
73,362,959
76,749,472
85,658,842
.
1909.
$
61,789,335
73,074,545
80.729.503
75,898,544
69.230.504
73,252,301
.
February
.
1910.
1910.
1909.
S
$
$
52,644,329
49,927,253
56,874,809
52,027,284
58,511,642
61,704,701
56,019,567
65,279,115
66,183,119
61,166,950
60,821,026
50,812,004
45,319,475
58,684,184
51,709,272
48,571,972
52,404,342
50,583,478
49,212,360
50,779,347
55,899,327
55,953,000
Aliqulppa National Bank, Aliquippa, Pa. Capital, $25,000.
Allen, Pres.; James R. Noss, Vice-Pres.; Elmer P. Yost,
Cashier.
First National Bank of Delano, Minn.
Capital, $25,000.
Geo.
W. Dodge, Pres.; John Lohmiller,
Vice-Pres.; Arthur Cunningtor;
Cashier; C. J. Lohmiller, Assistant Cashier.
EXPIRATION OF CHARTER.
4,492—The Citizens’ National Bank of Kaufman, Tex.,
expired by limita¬
tion at close of business Dec. 5 1910.
17,545,140 15,795,700
18,778,746 17,775,728
21,988,922 19,064,331
16,276,428 18,802,924
14,999,383 16,846,056
17,119,870 17,318,187
16,911,067 20.728,717
20,276.113 19,732.558
17,699,966 17,906.343
16,381,800 19,793,908
18.533,079 17,575,847
LIQUIDATION.
6,677—The First National Bank of Cherokee. Cherokee,
Okla., at close of
business Nov. 2 1910.
8,306—The First National Bank of Paint Rock, Tex., was
placed in volun¬
tary liquidation Nov. 8 1910.
6,264—The First National Bank of Leesville, La., was
placed in voluntary
liquidation Dec. 1 1910.
842,676,418('806,728,123 641,159,795 569,928,761 196,510.514 201,340,299
Total
The
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:
imports and exports of gold and silver for the eleven
months have been
as
follows:
Stocks.
Stocks.
1 Ft. Wayne & Jackson RR.
Co. (guar. 5X%)---132**
2 Market & Fulton Nat. Bank 272
2 Providence Gas Co
181
40 Washington Trust Co
355
18 Nat. Park Bank.
...3523*
$250 Chamber of Commerce Bldg.
9.845—The
Cold Movement at New York.
M onth
Imports.
1910.
$
January
February
1910.
1909.
s
$
Imports.
Exports
1910.
1910.
S
577,955
365,049
$
421,946
1,912,799
2,425,426
470,490
493,413
532,143
4,906,446
9,335,389
431,581
689,290
746,321
3,113,576 7,843.125
2,786,542 8,818,220
2,728,363 1,644,417 21,173,385
742,911 36,168,360 6,269,450
619,503
438,769 11,094.572
127,503 5,233,050
578,263
470,018
177.490 13,405,800
600,563
276,000 2,847,470
481,945
134,500
335,620
685,147
132,185 1,974,125
1,093,967
256,900 8,877,100
439,488
503,764
479,415
577,053
376,817
1,007,193
693,062
482,644
696,077
22,365,244
9,535,104 45,256,242 87.871,917
6,198,517 36,790,921
March
April
May
June
July
August..
September-...
October
November
Total
$
714,693
819,731
Fund non-cum. Income bond
20
S14.000 Bond purchase 5% certf.
Issued by Standard Trust Co. of
N.
Y.,
trustee,
under
trust
agreement dated April 1907-... 25
$50,000 Standard Tr. Co. ctfs., se¬
cured by Lack. & Wyoming Val.
Rap. Tran, bonds
10
S519.29 Note of Chas. II. Slckels,]
with 5 shares Corp. Liquidat¬
ing Co. com. and $1,000 Dun-
Silver—TV ew York
Exports.
|
1909.
3,935,840
3,208,972
3,572,439
.
derberg Spiral Ry. 1st 6s, 1920,
3,442.767
3,267,495
3,971,397
4,272,445
3,931,438
424,670
2,684,265
3,779,193
as
collateral
)$15 1
5 Electrical Lead Reduc. Co
14 Ohio & Ind. Cons. Nat. & Ill.
Gas Co
70 Bklyn. Ed. Selling Stockhold¬
ers’ ctfs. of dep. known as1
“stubs”
J
$312.80 Metropolitan W. S. Elev.l
Ry. Co. of Chic. 1st 4s, scrip, |
1938
)S50 1
$17.70 Metrop. W. S. Elev. Ry.|
Co. of Chic., com. scrip—...J
1 Hartford Nat. Bank
__„140
1 Nat. City Bank, New York.387
GOVERNMENT REVENUE AND EXPENDITURES.—
Through the courtesy of the Secretary of the Treasury, we
are enabled to place before our readers
to-day the details of
Government receipts and disbursements for the month of
November.
From previous returns we obtain the
figures for
previous months, and in that manner complete the state¬
Bonds.
! $1,000 Dry Dock E. By. & Batt.
;
RR. 1st 5s, 1932.
J. & D., 98% & int.
i $3,000 Dry Dock E. By. & Batt,
RR. 5% certf. of indebtedness
(trust co. receipt)
423*
$10,000 N. Y. & Cuba Mail SS. Co
1st 5s, 1932.
J. & J
70 & int.
$3,000 Vanderbilt
Realty
Impt.
Co.
profit-sharing
1939.
5s,
J. & J
60 & Int.
DIVIDENDS.
The following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
ments for the 11 months of the calendar years 1910 and 1909.
GOVERNMENT RECEIPTS AND DISBURSEMENTS.
Receipts—
Sept.
Oct.
$
$
Nov.
Name of
1909.
(0005 omitted.)
11 Mos.
Sept.
Oct.
Nov.
.
.
Total receipts
55,934 55,266 58,471 625,694 52,348 57,177 51,727
Disbursements—
Civil and miscellaneous 14,206 16,219 14,091 169,001 11,847 15,378
14,026
War
15,027 14,590 12,771 144,026 14,850 15,190 13,518
Navy
9.7S6 12,845 9,631 112,365 10,848 9,582 11,030
Indians
1,222 1,475 1,348 17,575 1,089 1,628 1,355
Pensions
13,154 11,437 15,356 146,443 13,114 11,850 15,185
Postal deficiency
2,001 1,000
4,599 3,002 3,398
Interest on public debt.
108 3,261
1,980 21,136
130 3,270 1,982
Panama Canal
3.SSS 2,895 2,852 34,212 3.18S 2,784 3,149
.
...
_
_
...
21.561
31,402
expended balances
2,977
..
Total
2,300
1,515
2,310
1.911
1,196
778
1,502
*
Includes corporation tax of §25,136 for November and
S23,637,667 for the
elapsed portion of the year.
Note.—1903 receipts do not Include $30,731,008 proceeds of Panama Canal bonds.
1909, shows
an
;
Week ending December 17.
Clearings at—
1910.
Canada—
Montreal
Toronto
j
$
1909.
$
Inc. or
Dec.
%
IH
2X
3
Dec.
2
2
2
Jan.
Preferred
—
Ry. (quar.)
Chicago & Western Indiana (quar.)
Clove. Cin. Chic. & St. Louis, pref. (quar.)
..
Colorado & Southern, common
Connecting Ry. (Philadelphia)
Cuba Railroad, preferred
East Pennsylvania
28,227.715 Georgia Railroad & Banking (quar.)
23,415,249 | Harrisb. Portsm. Mt. J. & Lancaster
Winnipeg.
14,123,086
Vancouver
] Hocking Valley, common
3,793,542
Interborough Rapid Transit (quar.)
Ottawa
3,106,788 ! Kansas City Southern, pref. (quar.)
1
Quebec
2,274,437 ! Lake Shore & Michigan Southern
Halifax
2,004,531
Guaranteed stock (Mich. So. & No.Ind.)
Hamilton
1,600 797
Lehigh Valley, common
Calgary
1,297,577
Preferred
London
1,236,964
Little Schuylkill Nav. RR. & Coal
St. John
1.341.701
Victoria
j
Louisville
& Nashville.
1,146.396
Mahoning Coal RR., common
Edmonton
875.972
Preferred (guaranteed).
Regina
Maine Central (quar.)
Brandon
Manhattan
Ry., guar, (quar.) (No. 107).
Lethbridge
Michigan Central
..Saskatoon
Mine Hill & Schuylkill Haven
Morris & Essex, guaranteed
Total Canada.
129,986.838
129,563,245
+0.3
96,700,652
84,444.755 N. Y. Central & Hudson River (quar.)...
N Y. & Harlem, common and preferred
N. Y. Lack. & Western, guar. (quar.)...
National Banks.—The following information
N. Y. New Haven & Hartford (quar.)...
regarding
Part paid stock, Issue of Dec. 20 1909..
national banks is from the office of the
of the Norfolk & Western,
pref. (quar.)-.-
40,930,984
48,993,841 -16.536,000,000
32,081,552 + 11.0
22,039,923
20,136,314
+ 9.4
9.421,230
6,592,863 + 42.8
3,080,774
3,430,897 —10.2
2,702,997
3,202,071 —15.6
1,627,194
1,857,224 —12.4
2,089,898
+ 8.8
1,920,801
3,098,159
3,445,638 —10.1
1,516,417
1,286,519 + 17.9
1,569,032
1,556,360
+0.8
2,270,037
1,854,949 + 22.2
2,303,873
1,182,143 +94.8
1,336,324
1,603,625 —16.6
667,913 Not Included in total
528,983 Not included in total
957,206 Not Included m total
33.325.810
27,411,203
16,171,984
4,619,076
3,129,758
2,367,048
1,928,768
1,623,911
1,570,720
1,248,663
1.219,295
1,225,235
859,181
.
.
_
Comptroller
Currency, Treasury Department:
Northern Central (No. 92)
Northern RR. of New Hampshire (quar.)
Northern Securities.
Norwich & Worcester, pref. (quar.)
Old Colony (quar.)
—
APPLICATIONS TO CONVERT APPROVED.
The Farmers’ State Bank of Walnut, Kans., into “The First
National
Bank of Walnut."
Capital, $25,000.
The First State Bank of Crosbyton, Tex., into “The First National
Bank
of Crosbyton.”
Capital, $50,000.
CHARTERS
ISSUED
TO
NATIONAL
BANKS
DEC. 8
First National Bank of Puente, Puente, Cal.
TO
Philadelphia Baltimore & Washington...
Philadelphia & Trenton (quar.)
Reading, common
Rensselaer & Saratoga
1
Rich. Fred. & Pot., com.&div. obliga'ns..
DEC. 10.
Capital. $25,000.
Wm. R. Rowland, Pres.; Marco H. Heilman, First
Vice-Pies.;
Geo. E. Cross, Second Vice-Pres.; Howard R. Link, Cashier.
Ramsey National Bank Ramsey, Ill.
Capital, $25,000. I,
hiele Pr s.; R. K. Hunt, Vice-Pres.; A. R. Smith, Cashier.
C.
St. Louis & San Francisco—
‘
IX
1%
2
314
common
—
S
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
Dec.
Dec.
Feb.
in
-
$
1H
ih
X
Jan.
Chesapeake & Ohio (quar.)
Chicago & Alton, preferred
Prior lien and participating stock
Chicago Burlington & Quincy (quar.)...
Chicago & Eastern Illinois, pref. (quar.).
Chic. Indianap. & Louisville, common
Delaware Railroad
Delaware River RR. & Bridge
Denver & Rio Grande, preferred
Detroit & Mackinac, common (No. 1)..
Preferred
1907.
Feb.
Jan,
$4
..
1908.
20
2X
2X
Preferred (quar.)
Chic. R. I. & Pacific
increase in the aggregate of 0. 3%.
Jan.
Dec.
2
2
■
Clearings.—The clearings for the week end¬
ing Dec. 17 at Canadian cities, in comparison with the same
Jan.
Jan.
3
1
Central of New Jersey (quar.)
Extra
Chicago & North Western,
Canadian Bank
Dec.
Feb.
30
25
3
5
3
3
1
..
56,415 61,455 57,084 647,047 56,157 61,884 59,467 644,394
Books Closed.
Days Inclusive.
K
S3.45
.
Canadian Pacific, com. (quar.) (No. 58).
Common (extra)
Total disbursements. 59,392 63,755 5S,629 649,357 58,068 63,080
60,245 646,956
Les3 repayment of un-
When
Payable.
2X
Atlantic Coast Line RR., Cimmon
Balt. Chesapeake & Atlantic, pref
Beech Creek, guaranteed (quar.)
Boston <fc Aloany (quar.)
Boston & Lowell
Boston & ..Maine, com. (quar.)
Boston & Providence, guar, (quar.)
Boston Revere Beach & Lynn
Canada Southern
153,496
149,096
109,092
13,439
149,409
19,401
Per
Cent.
3
4
Albany & Susquehanna, guaranteed
Special
Allegheny & Western, guaranteed
Ashland Coal & Iron Ry. (guar.)
Atch. Top. & Santa Fe, pref. (No. 25)
578,210
.
Company.
Railroa is (Steam).
Alabama Great Southern, ordinary
Preferred
11 Mos.
s
S
$
s
S
S
27,558 25,294 27.50S 299,620 27,335 29,279 25,637 302,513
25,937 26,433 25,151 278,224 21,877 24,146 22,551 226,209
2,489 3,539 5,812 47,850 3,136 3,752 3,539 49,488
Customs
Internal revenue*
Miscellaneous
week of
! 20,000 Royal Tinto Mg. & Smelting
Co., $1 each.
$50 lot
5 Jefferson Bank.
..185
10 Queens Co. Trust Co
115
100 Am.
De
Forest
W'ireless
Teleg. Co., pref., $10 each.$10 lot
!
250 McGuire-Cuminings Mfg. Co.
$100 lot
25 People’s Surety Co
100
.
1910.
LXXXXI
John J.
Customs Receipts
at New York.
Exports.
[VOL.
Chic. & East. Ill. com. stk. tr. ctfs..
Preferred stock trust ctfs. (quar.)..
K.C.Ft.S.&M.pref. stk. tr. ctfs.(quar.)
2
1
1x2
IX
2
2
2
4
4
2y2
2X
2X
Dec.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Dec.
Feb.
Jan.
Dec.
Jan.
Jan.
2
Jan.
Jan.
Jan.
Jan.
Jan.
2X
Jan.
1
6
6
Jan.
Jan.
Feb.
Jan.
Jan.
3
2X
3X
5
5
$1.25 Jan.
3X Feb.
Feb.
$5
2Y2
2
IX
3
Jan.
Jan.
Jan.
Jan.
Jan.
2X
3X iJan.
IX Jan.
5
IX
2
$1
1
$2
IX
4
2
IX
2
2X
3
4
4X
5
IX
1
Jan.
Jan.
Dec.
Dec.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Holders
Holders
Dec. 16
Holders
3 Holders
11
10
31
3
31
2
2
2
31
1
31
31
1
29
31
16
16
1
3
30
30
3
3
3
31
20
31
30
1
1
21
16
rec.
rec.
to
of rec.
of rec.
Holders of rec.
Dee. 17
to
Holders of rec.
Holders of rec.
Holders of rec.
Nov. 28
to
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Dec. 28
to
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Do not close
Holders of rec.
Dec. 22
to
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Dec. 25
to
Dec. 16
to
3
3 Dec.
17
16
10
16
of
of
16
to
Holders of
Jan.
1
Dec. 21
Holders
3 Holders
16 Holders
28 Holders
1 Holders
14 Holders
14 Holders
14 Dec. 17
10 Jan. 21
1 Holders
3 Holders
2 Holders
3 Holders
28 Holders
14 iDec. 20
3 Holders
16 Holders
3 Holders
3 Holders
31 Holders
31 Holders
17 Holders
14 Holders
2 Holders
10 Dec. 29
2 Dec. 18
2 Holders
31 Holders
10 Jan.
1
1 Holders
3 Dec. 16
3 Dec. 23
3 Dec.
3 Dec.
3 Dec.
18
18
18
rec.
to
to
of rec.
of rec.
of rec.
of ree.
of rec.
of ree.
of rec.
to
to
of rec.
of rec.
of rec.
of rec.
of rec.
to
of rec.
of rec.
of rec.
of rec.
of rec.
of rec.
of rec.
of rec.
of rec.
to
to
of rec.
of rec.
to
of rec.
to
to
to
to
to
Dec. 17a
Feb. 4a
Jan.
2
Jan.
3
Dec.22a
Dec.30a
Jan. 10
Jan. 14a
Dec.23a
Nov.30a
Dec.
3
Dec. la
Dec.20a
Dec. 15a
Dec.30a
Nov.30a
Nov.30a
Jan.20a
Dec.22a
Dec. 9a
Dec.3la
Dec.3la
Jan.
3
Dec. 17a
Dec.23a
Dec.23a
Dec. 9a
Dec. 9a
Dec.27a
Dec.30a
Jan.
2
Dec.2Ca
Dec.31a
Dec. 15a
Dec. 12a
Jan.
Jan.
Jan.
8
4
4
Jan. 7a
Jan. 15
Jan.
2
Dec. 19a
Dec.24a
Dec. 31
Dec.30a
Dec.30a
Dec. 31
Dec. 31
Jan. 15
Feb. 10
Jan.13a
Dec.21a
Dec. 15a
Dec.15a
Dec.30a
Jan. 13
Dec. 9a
Dec.22a
Dec. 15a
Dec. 15a
Dec. 15a
Dec.15
a
Jan.31a
Dec.31a
Dec. 5a
Jan. 10
Jan.
1
Dec.10a
Dec.14 a
Jan. 10
Jan. 14a
2
Jan.
Jan.
2
Jan.
Jan.
Jan.
3
3
3
Dec. 24 1910.
Name of
t£«
Per
Cent.
Company.
When
Books Closed.
Payable.
Days Inclusive.
Name
Railroads (Steam) Concluded,
St. Loula Southwestern, preferred
Southern Pacific Co. (quar.) (No. 17)
Toledo St. Louis & Western, pref. (qu r.)
Union Pacific, common (quar.)
United N. J. RR. & Canal Co., gu. (qu.)
Valley Railroad (N. Y.), guaranteed
Vermont Valley
White Pass & Yukon..
Wrighlsville & Tennille,
com.
& pref
Worcester Nashua & Rochester..
Street and Electric Railways.
Amer. Cities Ry. & Lt., com. (No. 4)
Common (extra)
Preferred (quar.) (No. 18)
Athens (Ga.) Ry. & Electric Co., pref
2
IK
1
2K
2K
2K
5
51
3
2K
2
Bangor Railway & Electric (quar.)
Brazil Railway, preferred (quar.)
Brooklyn Uaoid transit (quar.)
Capital Traction, Washington, D.C.(qu.)
Carolina Power & Light, pref. {quar.)
Chattanooga Ry. & Lt., pref. (qu.) (No.6)
Chic. City & Connect. Rys., com.par.ctfs..
Preferred participation
Chicago City Railway (quar.)
—
K
IK
2K
IK
IK
IK
IK
IK
IK
$2.25
2K
IK
H
2K
K
IK
2K
Preferred
Cin. & Hamilton Trac., com. (quar.)_.
Preferred {quar.)
Citizens’ Elec. St. RR., Newburyport..
CityRy., Dayton, O., com. {q'uar.)
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
IK
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
ran.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
Ian.
Jan.
Preferred {quar.)
IK
Cleveland Railway (quar.).
IK
Col.(().)Newark&Zanesv.El.Ry., pf. {qu.).
IK
Columbus (Ga.) Elec. Co., pref. (No. 9)
3
Continental Pass, lty., Philadelphia.
$3
2
Danbury & Bethel Street Ry
Duluth-Superior Traction, com. (quar.)
IK
Preferred (quar.)
1
El Paso Electric Co., pref. {No. 17)._
3
Frank.& Southwark Pass.Ry.,Phila.(qu.) $4.50 Jan.
Germantown Pass. Ry., Phila. (quar.)
>1.31*4 Jan.
Halifax Elec. Tramway, Ltd.(qu.) (No56)
IK Jan.
Hestonv. Mantua & Fairm. Pass., com.. $1
Jan.
Preferred
$1.50 Jan.
4
Jan.
Holyoke {Mass.) Street Ry
Honolulu Rap. Tran, cfc Land, com. {qu.)
1
Dec.
3
Dec.
Preferred
3
Jan.
Indianapolis Street Kv
1
Dec.
Indianapolis Trac, & Terminal
Lake Shore Elec. Ry., ,lst pref. (quar.).
IK Jan.
Lancaster Co. Ry. cfc Lt., pref. {quar.)
IK Dec.
4
Little Rock Ry. & Elec., common
Dec.
3
Dec.
PTCfCTTCd
Lou. <fc Nor. Ry. cfc Ltg., pref. A cfc B(qu.)
K Jan.
Louisville Traction, common (quar.)
1
Ian:
Manila Elec. RR. & Ltg. Corp. (quar.)..
1
Dec.
Massachusetts Electric Cos., pref
$2
Jan.
Nashville Ry. & Light, com. {quar.)
K Jan.
Preferred {quar.)
IK Jan.
New England Invest. cfc Security, pref
2
Jan.
New Orleans Railway & Light, pref
2K Jan.
New York Stale Rys., com. {quar.)..
IK Jan.
Preferred {quar.)
IK Jan.
Norfolk & Portsmouth Trac., pref. (No.l)
IK Jan.
Northwestern Elev. RR., Chic. pref. (qu.)
1
Jan.
l
Omaha & Coun. Bluffs St.Ry., com. (qu.)
Jan.
Preferred (quar.)
IK Jan.
Ottawa Electric Railway
2 K Jan.
—
.
..
—
—
Extra
2
Philadelphia Company, common (quar.).
Portland(Ore.)Ry.,L.&P.,pf. (qu.)(No.l8)
Porto Rico Rys., Ltd., pref. {quar.)
Reading Traction
Ridge Avc. Pass. Ry., Phila. {quar.)
St.Joseph Ry.,L.,H.&P.,pf.(qu.)(No.33)_
Sao Paulo Tram., L. & Pow. (qu.) (No. 35)
Second & Third Streets Pass., Phila
South Side Elev. RR., Chicago (quar.)
Syracuse Rapid Tran., pref. {quar.)
Terre Haute Ind. & East. Tr., pref. {qu.).
Toronto Ry. {quar.)..
Tri-City Ry. & Light, pref. {quar.)
Twin-City R. T., Minneap., com. (qu.)
Preferred (quar.)
Union Passenger Ry., Philadelphia
Union Ry., Gas & Electric, pref. {quar.)..
Union Traction, Philadelphia
United Trac. & Elec., Providence (quar.)
Virginia Railway & Power, preferredWashington Water Power, Spokane (qu.)
West End St., Boston, preferred
West India. Elec. Co., Ltd. {No. 12)
West Philadelphia Passenger Ry__
Wheeling Tr actio n
of
16
3
16
3
10
3
1
14
Holders
Holders
Holders
Dec. 21
Holders
Holders
fan.
2
1 Holders
2 Holders
Dec.31a
of war’ t No. 17
of rec. Dec.31a
of rec. Dec. la
to
Jan.
2
of rec. Dec.22a
of rec. Dec. 2 la
to
Jan. 14
of rec. Dec.16a
of rec. Dec. 20a
2
Jan.
Jan.
2
Jan.
2
dDec.22
Holders of rec. Jan. 3a
Dec.15a
Holders of rec.
Jan. 5d
Jan.
1
to
Holders of rec. Dec.10a
Jan. 11
Dec. 12
to
Holders of rec. Dec. 28a
Holders of rec. Dec. 15a
2 dDec.22
2 dDec.22
2
3
1
5
2
1
2
1
rec.
to
to
to
$1
2
Extra
Cincinnati Street Ry. (quar.)
Cin. Dayton & Toledo Trac., com
IK
IK
IK
75c.
$3
IK
2K
$3
K
IK
IK
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Jan.
IK Jan.
IK Jan.
IK Tan.
$4.75 Jan.
IK Jan.
$1.50 Jan.
IK Jan.
2K Jan.
IK
IK
$2
IK
$5
1
Jan.
Jan.
Jan.
Jan.
Jan.
30
30
3d
2
2
3
3
1
1
1
3
1
2
3(
2
2
2
9
2
3
3
1
1
1
31
31
1
31
Dec. 17
Dec. 17
Dec. 17
Dec. 15
Dec. 15
Dec. 18
Dec. 18
to
to
21
21
Holders
Dec. 25
Holders
Holders
Dec. 27
Hoideis
to
to
to
to
to
to
to
Dec.
Dec.
of rec.
to
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
23
23
2
1
1
2
2
Jan.
2
Jan.
2
Dec. 15a
Dec. 31
of rec. Dec.24a
of rec. Nov.30a
Jan.
to
2
of
rec.
Dec.17a
Hold' s of rec. Dec. 17a
Holders of rec. Dec.29a
Holders of rec. Dec. 15a
Dec. 15
to
Jan.
2
Dec. 20
to
Jan.
3
1
Dec. 21
to
Jan.
to
Jan.
1
Dec. 21
Dec. 31
Dec. 28
to
Jan.
1
Dec. 28
to
Jan.
1
Dec. 23
to
Jan.
1
23
Jan.
1
Dec.
to
1 Holders of rec.
31 Holders of rec.
31 Holders of rec.
31 Holders of rec.
1 Dec. 26
to
1 Holders of rec.
31 Holders of rec.
2 Holders of rec.
1 Holders of rec.
1 Holders of rec.
2 Holders of rec.
16 Jan.
1
to
3 Dec. 18
to
3 Dec. 18
to
10 Dec. 29
to
18 Jan.
8
to
1 Dec. 18
to
1 Dec. 18
to
2 Holders of rec.
2 Holders of rec.
1 Holders of rec.
1 Holders of rec.
2 Dec. 22
to
1 Dec. 20
to
2 Dec. 16
to
1 Holders of rec.
2 Holders of rec.
1 Holders of rec.
31 Dec. 21
to
2 Holders of rec.
31 Dec. 23
to
3 Holders of rec.
3 Holders of rec.
2 Holders of rec.
2 Holders of rcc.
2 Holders of rec.
3 Holders of rec.
2 Holders of rec.
2 Dec. 14
to
5 Dec. 25
to
3 Holders'of rec.
1 Dec. 24
to
3 Dec. 24
to
2 Holders of rec.
16 Holders of
rec.
Dec.21 a
Dec.24a
Dec. 22
Dec. 22
Dec. 31
Dec. 10a
Dec.24a
Dec. 5a
Dec.21a
Dec.21a
Dec.20a
Jan
15
Jan.
9
Jan.
9
Jan.
9
Jan. 18
Jan.
9
Jan.
9
Dec.31a
Dec.31a
Jan.
3
,
Dec.12a
Dec. 31
Jan.
1
Jan.
2
Dec. 15a
Dec.15a
5
Dec.
Jan.
2
Dec.24a
Jan.
1
Dec.15a
Dec. 23
Dec. 12a.
Dec.15a
Dec. 15a
Dec.22a
Dec.10a
Jan.
2
Jan.
5
Dec.15a
Jan.
2
Jan.
3
Dec.15a
Dec.24a
Banks.
America, Bank of
Battery Park National {No. 1)
Broadway, Brooklyn (quar.)
Bronx Borough
—
Bronx National
Butchers’ & Drovers’, National
Century (quar.)
Chase National (quar.).
Extra
Chatham National
{quar.) {No. 160)
Extra
-
Chelsea Exchange {quar.)
Chemical National (bi-monthly)
Citizens’ Central National {quar.)
City, National {Brooklyn)...
Coal & Iron National (quar.)
Colonial {quar.)
Commerce, Nat. Bank of {quar.)
East River National
Fifth Avenue {quar.)
First National (quar.)
Extra
First Security Co. (quar.)
Fourth National {quar.)
-
Garfield National {quar.)
German Exchange
Hanover Natioiial {quar.)
Importers' & Traders' National
Jefferson
Liberty National (quar.)
Extra
Manhattan Co., Bank of the {No. 209)...
Manufacturers’ Nat., Bklyn. {quar.)
Market & Fulton Nat. {quar.)
Mechanics’, Brooklyn {No. 117)
Mercantile National (quar.)
Merchants' Exchange National
Merchants’ National {No. 215)
Metropolitan (quar.)
Montauk, Brooklyn
Mount Morris
Mutual
1689
THE CHRONICLE
(quar.) (No. 44)
...
13
3
4
10
4
3
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
IK Jan.
3
Jan.
Jan.
8
4
Jan.
4
Jan.
2
Jan.
2 K Jan.
IK Jan.
Jan.
7
IK Jan.
2 K Jan.
2
Jan.
3
Jan.
25
Jan.
5
Jan.
Jan.
8
3
Jan.
2
Jan.
Dec.
3
10
Jan.
4
Jan.
12
Jan.
4
Jan.
5
Jan.
5
Jan.
8
Jan.
5
Jan.
3
Jan.
6
Jan.
IK Jan.
3
Jan.
3 K Jan.
2
Jan.
2
Jan.
3
Jan.
4
Jan.
3
3
3
31
1
3
3
3
3
Dec. 21
to
Jan.
3
Holders of rec. Dec.22a
Dec. 14
to
2
Jan.
Jan.
2
Dec. 20
to
Jan.
Dec. 23
to
2
Dec. 25
to
Jan.
2
Holders of rec. Dec. 31
Holders of rec. Dec. 31
1 Dec. 24
Dec. 31
to
1 Dec. 24
to
Dec. 31
1
Dec. 31
2 Dec. 26
Jan.
1
to
3 Holders of rec. Dec.28a
3 Dec. 21
to
Jan.
2
3 Holders of rec. Dec. 14
1 Holders of rec. Dec.20a
3 Dec. 22
to
Jan.
3
3 Dec. 21
to
Jan.
4
2 Holders of rec. Dec.31a
c Holders of rec. Dec.31a
c Holders of rec. Dec.31a
3 Holders of rec. Dec.31a
1 Dec. 21
to
2
Jan.
31 Dec. 22
Jan.
to
2
3 Dec. 17
Jan.
3
to
3 Dec. 23
2
to
Jan.
Dec. 21
to
2
Jan.
< Dec. 28
to
Jan.
4
5 Holders of rec. Dec.31a
a Holders of rec. Dec.31a
a Dec. 29
to
Jan.
2
a Dec. 24
to
Jan.
2
5 Dec. 25
to
Jan.
2
j Dec. 25
to
Jan.
2
a Dec. 24
to
Jan.
3
Holders of rec. Dec. 22
; Holders of rec. Dec. 22
a Dec. 18
to
Jan.
2
: Dec. 16
to
Jan.
2
J Dec. 21
Jan.
2
to
a(Dec. 23
to
Jan.
3
'
Per
Cent.
of Company.
Banks (Concluded).
Nassau National, Bklyn. {quar.)
New York, Bank of, N. B. A. {No. 254)..
New York County National {No. 117)
North Side, Brooklyn {No. 33)
—
Park, National {quar.)
People’s {No. 119)
—
Extra
People’s National, Brooklyn
3
7
20
3
4
5
2K
2
4
Phenix National—
3
3
3
5
4
2
6
10
Royal
Seaboard National (quar.)
Second National
State
i
Union Exchange National
Washington Heights, Bank of {quar.)
West Side
Yorkville
When
Books Closed.
■
Payable.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Days Inclusive.
to
to
to
to
3
3
3
3
3
3
3
3
3
2
3
3
3
3
31
3
31
of
of
rec.
to
to
i
i
rec.
to
to
i
of rec.
of rec.
to
!
i
to
to
to
:
to
I
2
Jan.
Jan.
2
3
Jan.
3
Jan.
Dec. 20
Jan.
2
2
Jan.
Dec.31a
Jan.' 2
1
Jan.
Dec. 24
Dec.30a
2
Jan.
Jan.
2
2
Jan.
3
Jan.
Jan. 10
Trust Companies.
Bankers’
{quar.)
Brooklyn {quar.)
...
Extra
Central {quar.)
Columbia (quar.).
Commercial of N. J. {quar.)
—
4
2K
3
2
Empire {quar.)
Fidelity
Extra
4
4
Flatbush, Brooklyn
Franklin, Brooklyn
Fulton (No. 37)-.Guaranty (quar.).
Hudson
Extra
Knickerbocker (quar.)
Lawyers’ Title Ins.& Tr. (quar.) (No. 49)
Long Island Loan & Trust, Bklyn. (quar.)
Extra
—
{No. 46)
-
Metropolitan (qxiar.) {No. 56)
Mutual Alliance (quar.)
Mutual of Westchester County (quar.)
New York {quar.)
People’s, Brooklyn {monthly)
Standard {quar.)
Title Guarantee cfc Trust {quar.)
Trust Co. of America {quar.) {No. 34)
Union {quar.)
U. S. Mortgage <fc Trust {quar.)
—
—
United States
Washington {quar.)
Extra
-Miscellaneous.
Aeollan-Weber Piano & Pianola, pf.
Alliance Realty {quar.)
Amer. Beet Sugar, pref. (qu.) (No.
Am.
(qu.)
46)..
Brake'Shoe&Fdy., com.&pref. (qu.)
American Locomotive, preferred (quar.).
American Manufacturing (quar.).
American Piano, preferred (quar.)
American Pipe & Construction (quar.)_.
Amer. Power & Light, pref. (qu.) (No. 5)
American Radiator, common (quar.)
American Screw
American Seeding Machine, common
Preferred (quar.)
American Shipbuilding, preferred (quar.)
Amer. Smelting & Refining, com. (quar.)
Preferred (quar.) (No. 46)
American Snuff, common (quar.)
Common (extra)
Preferred (quar.)
Am. Sugar Refg., com.&pref. (quar.) —
American Surety (quar.) (No. 86)
Extra
Amer. Tclep. & Teleg. {quar.)..
American Thread, preferred
American Tobacco, preferred (quar.)
American Type Founders, com. (quar.)..
Preferred (quar.)
American Woolen, pref. (quar.) (No. 47)
Bell Telephone of Canada (quar.)
—
Brooklyn Union Gas (quar.) (No. 39)-Buffalo Gen. Elec., com. (quar.)(No. 65)
Butte Electric & Power, common (quar.)
Canadian Gen. Elec., Ltd., com. {quar,)..
Canadian Westinghouse (quar.) (No. 24).
Extra..
Canton Company
Extra
Celluloid Company (quar.)
Extra
Central Coal & Coke, common (quar.)...
Preferred (quar.)..
Central Leather, preferred (quar.)..
Central & S. A. Teleg. {quar.)
Chic. June. Rys. & U. Stk. Yds.,com.(qu)
Preferred (quar.)
—
Chicago Telephone (quar.)
Cincinnati Gas Transportation com. guar..
Cincinnati & Suburban Bell Telep. {quar.)
Cities Service, common (No. 1)
Preferred (No. 1).
Citizens’ Gas of Indianapolis (No. 1)
Dividend No. 2.
City Investing, preferred (quar.)
Columbus Gas & Fuel, preferred (quar.).
Columbus (O.) L., H. & Pow., common..
Preferred {quar.) {No. 42)
3
3
3
31
3
28
3
22
3
31
3
31
3
3
'
Dec.
31
Jan.
Dec.
3
31
31
Dec.
Dec.
12**
6
25
3
2
Dec.
Jan.
Dec.
Jan.
Jan.
Jan.
IK
IK
elK
IK
Dec.
Jan.
Jan.
Dec.
Jan.
2
Jan.
K
IK
Jan.
Jan.
Jan.
Jan.
3
$3
IK
IK
l K
IK
IK
IK
2
IK
2
2K
K
IK
IK
1
IK
5
3
IK
IK
2K
5
2
2K
IK
1
IK
IK
2
IK
IK
IK
IK
IK
1
$1.50
50c.
IK
2
IK
IK
IK
IK
2
IK
2
5
2
K
IK
IK
IK
IK
IK
2
IK
IK
IK
Com Products Ref., pref. {quar.).
Crucible Steel, pref. (quar.) (No. 29)..
Cuban-Amerlean Sugar, pref. (quar.)
Cumberland Tel. & Tel. {quar.) {No. 109).
Detroit Edison (auar.)
1
Distilling Co. of Amer., pref. {quar.)
Duluth Edison Elec. pref. (qu.) (No. 19)
duPont(E.I.)de Nemours Pow., pf. (qu.)
du Pont Intemat. Powder, pref. (quar.)
Eastern Light & Fuel, common (quar.)..
Eastman Kodak, com. (quar.)
Common (extra)
Preferred (quar.)
Electrical Securities Corp., com. {quar.)..
Preferred {quar.)
Elec. Utilities Corp., pref. (qu.) (No. 3).
Electric Storage Bat., com• & pref. (quar.).
Empire Steel & Iron, pref. (No. 24)..
1
IK
IK
2
IK
IK
IK
IK
2
2K
2K
IK
2
IK
IK
1
2
Jan.
Feb.
fan.
Jan.
Dec.
Jan.
Jan.
Jan.
Dec.
[Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
.Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
Jan.
Dec
Feb.
Jan.
Jan.
Jan.
22
21
rec.
rec.
rec.
rec.
to
to
to
of rec.
of rec.
of rec.
to
to
to
to
of
rec.
to
to
3 ]
3
6
IK
Dec.
Jan.
of
22
3 1
2
3
31
31
8
1
4
5
3
ers
rec.
rec.
to
30
31
Jan.
Dec.
Dec.
IK
of
of
of
of
of
3
,
5
5
5
IK
{No. 23)
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Jan.
Dec.
Jan.
Dec.
Jan.
Dec.
Jan.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
2
American Can, preferred (quar.)
American Caramel, preferred (quar.)
Amer. Car & Fdy., com. (quar.) (No. 33)
Preferred (quar.) (No. 47)
American Cigar, preferred—
American Express (quar.)
American Gas & Electric, com. (quar.)..
Preferred (quar.)
Amer. Iron & Steel Mfg.,com.& pf. (qu.)
Preferred (quar.)
Consumers’ Power, pref. (quar.)
Continental Paper Bag, com. {qu.)
5
8
3
1
3
3
3
3
3
Manhattan
Mechanics' of N. J. {quar.)
Mercantile {quar.)
Extra
4
5
5
9
2
to
of
of
23
23
ers
rec.
to
to
of
25
3
ers
31 Holders
31 Holders
31 Holders
6
10
30 Holders
3 Dec. 20
3 Holders
3 Holders
rec.
rec.
to
of
of
of
of
rec.
rec.
rec.
rec.
to
ofrec.
to
of rec.
of
rec.
Dec.27a
Dec. 23a
Dec. 23a
Dec. 24a
Dec.27a
Jan.
2
Dec. 24
2
Jan.
2
Jan.
Jan.
2
Dec. 30
Dec. 19
Dec.31a
Jan.
2
Jan.
2
Jan.
2
3
Jan.
Dec. 17a
Jan.
Jan.
Jan.
1q
Jan,
2
ID
2:
Dec. 2a
Dec. 2a
Jan.
2
Dec. 30
Jan.
2
Dec .31a
Dec.21a
Dec. 23
Dec. 24
Jan.
9
Dec. 24
Jan.
2
Dec. 24
Dec. 24
31 Holders of rec. Dec- 24a
16 Holders of rec. Jan.
5
3 Holders of rec. Dec.2Ia
31 Holders of rec. Dec. 16a
2 Holders of rec. Dec. 16a
2 Dec. 22
to
Jan.
1
2 Holders of rec. Dec.12a
2 Holders of rec. Dec. 12a
3 Holders of rec. Dec. 15a
3 Holders of rec. Nov.30a
to
Jan.
2
2 Dec. 22
1 Jan. 22
to
Feb. 1
2 Holders of rec. Dec.20a
21 Jan.
Jan. 23
5
to
31 Holders of rec. Dec. 15
1 Dec. 11
to
Jan.
2
2 Holders of rec. Dec.15a
3 Dec. 21
3
to
Jan.
31 Dec. 23
to
Jan.
1
31 Holders of rec. Dec.24a
15 Holders of rec. Dec.31a
15 Holders of rec. Dec.31a
15 Holders of rec. Jan.
5
16 Dec. 16
5
to
Jan.
3 Dec. 16
to
Jan.
5
3 Holders of rec. Decr15a
3 Holders of rec.,Dec.15a
3 Holders of rec. Dec.15a
3 Holders of rec. Dec. la
31 Dec. 16
to
Jan. 10
31 Dec. 16
to
Jan. 10
16 Holders of rec. Dec. 31
1 Nov. 18
to
Nov. 30
3 Holders of rec. Dec. 10a
16 Holders of rec. Jan. 10a
16 Holders of rec. Jan. 10a
16 Dec. 22
to
Jan.
4
14 Holders of rec. Dec.23a
to
3 Dec. IS
Jan. 2
30 Holders of rec. Dec. 20
3 Holders of rec. Dec.15a
Dec. 31
1 Dec. 16
to
9
to
Jan.
1
10 Jan.
9
to
Jan.
1
10 Jan.
1
Jan.
to
31 Dec. 21
1
Jan.
to
31 Dec. 21
31 Holders of rec. Dec. 14a
31 Holders of rec. Dec.14a
14 Jan.
to
1
Jan. 15
14 Jan.
1
to
Jan. 15
3 Holders of rec. Dec.10a
9 Holders of rec. Dec.3la
3 Holders of rec. Deo.12a
3 Holders of rec. Dec. 12a
2
to
Jan.
31 Dec. 29
2
Jan.
to
31 Dec. 25
3
4 Dec. 24
to
Jan.
1 Holders of rec. Dec. 20
1 Holders of rec. Dec. 20
1
to
1 Dec. 16
Jan.
1
1 Dec. 16
to
Jan.
24
of
Holders
rec.
Dec.
3
1 Holders of rec. Dec. 15a
2 Holders of rec. Dec.15a
2 Holders of rec. Dec. 15a
3 Holders of rec. Dec. 19a
30 Holders of rec. Dec. 23
30 Holders of rec. Dec. 23
10 Holders of rec. Dec.31a
24 Holders of rec. Dec. 12a
3 Holders of rec. Dec.15a
2 Dec. 25
to
Dec. 26
16 Holders of rec. Jan. 3a
30 Holders of rec. Jan. 10a
3 Holders of rec. Dec.20a
to
Jan. 25
25 Jan. 15
2 Holders of rec. Dec.20a
31 Holders of rec. Dec. 21
2 Holdersof rec.Nov. 30a
2 Holders of rec. Nov. 30a
2 Holders of rec. Nov. 30a
31 Holders of rec. Dec.31a
1 Holders of rec. "Jan.31a
16 Holders of rec. Dec.31a
3 Holders of rec. Dec. 24
..
i
nee
91
1690
THE CHRONICLE
Per
Cent.
Company.
Miscellaneous (Concluded).
•General Chemical of California, first
pref.
General Cne.nlcal, preferred (quar.;
General Electric (quar.)
Goldfield Consolidated Mines (quar.)
Extra
•Gorham Mfg., pref. (qvar.)
Granby Cons. Min., Smelt. &Pow.,Ltd
Great Lakes Lowing, pref. (quar.)
Guggenheim Exnlor. (quar.) (No. 32)..
Harrison Bros. & Co., Inc. (.pref ..{quar.)..
Homestake Mining (monthly) (No. 433).
mgers.m-q i.ui, oreferreei.
l
50c.
3
1
IK
K
K
IK
2K
IK
2
3
OK
IK
1
1
1
2 I'j
5
2 K
SI
IK
IK
in
K
IK
IK
(quar.) (No 49)
Enamel <fc Stamp., pref. (quar.)
laud, common (quar.)’
Licorice, pref. (quar.) (No. 34).
Sugar Relining, pref. (quar.)
National Surety (quar.)
7
-
1K
K
IK
3
I H
Ec.
IK
Jan.
t
Preferred (quar.)
Spring Valley Water (quar.)
Standard coupler, common
Preferred
Standard Gas Light, N. Y., common
Special
Westinghouse El. & Mfg., pref. (quar.)..
Preferred
Yukon Gold (quar.) (No. 6)
>ec.
2
3
3
Dec.
Dec.
2*
)r>c. 20
to
31 Dec. 21
to
31 Dec. 21
to
1 Holders of rcc.
'<0.
3K
IK
Jan.
Jari.
Jan.
Jan.
Jan.
Dec.
1
3
-
60<7
IK
IK Jan.
K Jan.
2
2
2
2
Jan.
K [Jan.
IK
1
IK
1
3K
IK
1
IK
IK
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
oc.
Dec.
IK
Jan.
3
2
Jan.
Jan.
fan.
fan.
Jan.
IK
Jan.
5
3 K
Jan.
Dec.
IK
7K
3 K
1-3/ (Dec.
2
Doc.
K
Jan.
2K
Jan.
Jan.
Jan.
IK
1
IK Jan.
3 Kh Jan.
10c.
IDec.
.’to.
.
Jan.
Dec.
Vo
1
23
23
18
4
i
.
2 Holders
Holders
3t Holders
2 Dec. 22
O
k
(an.
t
Inc. 24a
1
1
1
Mch
Mch
Feb.
u
J «!'».
Jan.
2
Dec. 20a
Jan.
3
Jan.
1
Dec. 23
Jan. 17
Dec. 23
Dec. 19a
Dec. 10a
Dec. 10a
Dec. 31
Jan. 18a
Dec. 31a
Dec. 20
Dec. i 0a
Dec. 10a
Dec. 31a
Dec. 22a
1
Feb
Jan. 24
Dec. 24
Dec. 28a
o
Jan.
Dec. 13
2
Jan.
Dec. 20
J an.
3
Dec
18
Dec. 15a
Jan. 5a~
Dec. 24
Dec. 28
Jan. 2a
Jan. 17
Jan. 17
Dec. 15a
J an. 15
Jan. 15
a an.
2
of rcc. Dec. 31a
of rcc. Dec. 31
to
Jan. 15
of rec. Dec. 31
of rec. Dec. 20a
of rec. Dec. 20a
to
Jan.
1
of rec. Dec. 31
of rec. Dec. 24
of rec. Jan. 3a
of rec. Jan. 3a
of rec. Feb. la
of rec. Jan.
5
of rec. Dec. 17a
el rec. Dec. 15a
oi rec. Dec. 15a
to
Jan.
1
of rec. Dec. 15a
to
Jan. 15
of rec. Jan.
7
to
Jan. 10
of rec. Dec. 20a
to
3
Jan.
to
Jan.
3
to
Dec. 31
EC.
81.50
2 K
1
1
3 Dec.
3 Dec.
31 Dec.
i %
IK
ec. lUa
Jan. 20
2
Jan.
Jau.
lu
tohie; s ut r<
Ec. 18
to
c.
1U
Jan. m
Jan.
2
Jan.
2
Dec. 15a
i.’tC Z1 a
Jan.
5
26 Holders oi roc. Jan. 10a
31 Holders of rcc. Dec. 15a
3'. Dec. 21
to
J n. 2d
2 Dec. 21
to
Jan.
1
1 < l biers of ie<\ f ♦ V* 2<‘a
16 Holders o) rec. Dec. 31a.
10 Dec. 31
to
jab. 1 )
10 Dec. 31
to
Jan 10
31 Dec. 16
to
.in.
:»
16 Jan.
4
to
Jan. 16
16 Jan.
4
to
Jan. 16
14 Holders oi rec. Dec
24
14 Holders of rec. Dec. 31
14 Holders of rec. Dec
31
5 Holders ol rec. Dec. 20
5 Holders ol rec. Dec 20
-2 Holders oi rec. Dec
Ol
2 Holders o rec. Dec
5 Holders ol roc. Dec
29
16 Holders ol rec. Dec. 31a
3 Dec. 23
to
Jan.
3
16 Holders o: rec. Dec
31
16 Holders o: rec. Dec
31
30 Dec.
2
to
Dec 14
3
>PC. 17
1o
1 -ec
20
3 Dec. 24
to
Jan.
2
2i
i
1
1
Jan.
15
10
Jan. 16
Dec 27
Dec 31
Dec 31
Dec 20a
Jan
10
Jan
10
Jan
10
Jan
16
Jan
16
Jan
2
Jan.
Transfer books not closed,
b Less Income tax.
d Correction,
e Declared 1°/,
both common and preferred stocks, payable in
quarterly Installments, f Two
months’ dividend on account of change In dividend
period from Q.-F. 1 to Q.-M. 31.
g Payable in common stock to holders of record Dec. 31
1910.
h On account of accumulated dividends.
a
on
Banks.
00,? omitted.
Capital.
Surplus.
$
Bank of N. Y._
Manhattan Co.
Merchants’
Mech. & Metals
America
Phenix
City
Chemical
Merchants’ Ex.
Greenwich
Am.
Exchange.
Commerce
Mercantile
Pacific
Chatham
People’s
Hanover
Citizens’ Cent..
Nassau
Market. & Fult’n
..
...
Metropolitan
Corn Exchange.
..
Imp. & Traders’
Park
East River
Fourth
Second
First
Irving Exch
Bowery
N. Y. County..
German-Amor
.
Chase
Fifth Avenue.
German Exch..
Germania
Lincoln
Garfield
Fifth
_
Metropolis
West Side
Seaboard
.
N. Y. Prod. Ex.
State
14th Street
Coal & Iron
Union Exch
.
Totals,
Actual
.
average
figures
3,624,1
4.362,2
1,832,1
8,049,5
6,006,3
759,6
31,588,3
6,577,7
600,0
1,000,0
300,0
Gallatin
Butch. & Drov.
Loans.
A v (rage.
S
2,000,0
2,050,0
2,000,0
6,000,0
1,500,0
1,000,0
25,000,0
3,000,0
602.6
2.517,2
162,0
845,4
4,252,9
16,601,4
2,723,8
927,8
1,012,4
480,3
500,0
5,000,0
25,000,0
3,000,0
500,0
450,0
200,0
3,000,0 12,069,9
2,550,0
1,713,2
500,0
546,0
1,000,0
1,749,1
2,000,0
1,518,8
3,000,0
5,429,2
1,500,0
7,675,1
5,000,0 12,550,1
250,0
111,9
5,000,0
5,635,0
1,000,0
2,116,1
10,000,0 20,918,1
2,000,0
1,741,1
250,0
802,7
500,0
1,726,6
750,0
711.2
5,000,0
8,108,3
100,0
2,170.6
200,0
901,3
200,0
1,023,4
1,000,0
1,563,1
1,000,0
1,208,7
250,0
510,4
1,000,0
2,088,4
200,0
1,051,5
1,000,0
1.977,2
1,000,0
2,719,9
1,000,0
735,6
1,000,0
893,2
1,000,0
311,2
1,000,0
408,9
1,000,0
970,7
p.
ciphers (00) in all
836.
cases.
Specie.
Average.
$
Legal s.
.4 r era y<.
S
19,094,0
30,200,0
17,876,0
49,234,2
22,558,9
8,519,0
167,934,1
28,503,5
6,778,3
8,336,7
2,481,3
7,589,5
32,716,9
140,699,5
14,706,8
3,519,8
7,745,4
1,745,4
60,254,9
21.590,2
7,184,9
8,407,0
11,502,9
41,209,0
25,616,0
78,070,0
1,419,8
28,737,0
12,673,0
100,996,0
22,408,4
3,357,0
7.584,8
3,922,2
72,715,2
12,340,1
3,750,0
4,987,0
13,733,9
7,779,6
3,346,4
12,061,6
4,024.0
20,578,0
16,823,2
7,874,3
15,244,0
6.014,4
5,769,0
8,858,2
$
3,089,0
6,078.0
3,353,0
10,882,1
3,861,4
1,707.0
32,036,9
4,994,1
1,505,0
1,206.7
608,9
1,936,6
1,065,0
1,875,0
1,132,0
1,224,0
1,682,9
292,0
5,110,0
1.718,2
235.1
522.4
5,688.7
23,033,7
90,2
210,0
2,232,6
7,283,9
1,817.9
990,2
335,6
841,7
489,0
568,2
1,203,6
147,3
6,918,3
224,3
1,169,9
727,4
254,7
4,532,0
1,879,0
1,379,0
153,0
2,400,0
148,0
10,767.6
5,099,7
720,8
1,296,0
2,832,1
6,763,0
4,353,0
18,852,0
363,9
4,628,0
2,939,0
20,427,7
4.507.1
817.0
1,705,3
1,347,6
64,0
687,9
238,8
5,289,3
1,27 5,5
548,6
507,8
920,3
518,1
351,1
1,557,1
224,0
1,599,0
598,9
261,9
320,0
613,6
848,0
811,7
1,374,3
801,9
15,090,3
2,280,0
475,0
983,9
2,478,1
1,867,3
585,8
1,526,9
865,0
4,675,0
3,879,7
2,204,7
4,482,0
1,138,2
658,0
1,410,7
Deposits.
Average.
Res'VC.
8
%
16,358,0 25.3
33,000,0 24.1
17,486,0 25.6
46,380,0 26.1
21,650,2 25.6
7,853,0 25.9
149,679,4 24.8
26,170,5 25.8
6,834,0 25.4
6,482,4 26.6
2,401,3 29.1
8,580,5 25.0
30,821,0 25.8
116,143,9 26.1
10,999,3 25.5
3,061,0 29.5
7,959,3 25.7
2,196,1 28.9
66,637,0 26.6
20,710,0 25.9
7,906,8 23.9
8,011,8 25.2
11,855,5 26.0
47,090,0 23.9
23,242,0 26.8
79,674,0 25.4
1,693,0 30.4
27,740,0 25.3
12,182,0 25.3
88,311,9 25.0
23,105,4 25.3
3,495,0 25.2
7,701,9 27.3
3,834,9 27.1
77,981,5 26.1
13,742,2 25.8
4,000,7 25.5
5,778,3 25.8
14,092,4 24.1
8.059,0 29.5
3.488.4 26.8
12,176,0 25.3
4,374.0 24.9
23,836,0 26.3
17,030,5 26.2
9,650,9 25.6
18,851,0 25.4
6,691,0 26.1
5,796,0 26.0
8,749,4 25.4
133,350,0 196,577,1 1221,071,3 234,609,0 67,676,7 1181,544,4 25.6
17.
1217,934,0 235,679,1 68,633,5 1179,892,6 25.8
Dec.
On the basis of averages, circulation amounted to
§48,490,100 and United States
deposits (included in deposits), 81,690,200; actual figures December
17, circulation,
848,494,400; United States deposits, $1,804,500.
The State
Banking Department also
now
furnishes weekly
returns of the State banks and trust
companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the
figures are
compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the
State, as per the
following:
For definitions and rules under which the various items
made up, see “Chronicle,” V. 86, p. 316.
are
STATE BANKS AND TRUST COMPANIES.
Week ended Dec.
State Ranks
Trust Cos.
Slate Banks
Tnisl C
in
in
outside of
outside
Greater N. F. Greater N. Y. Greater N. Y. Greater
N. Y
17.
•S
s
8
$
Capital
as
of Nov. 10
25,275,000
65,406,000
*8,998,000
*9,075,000
Surplus
as
of Nov. 10
39,391.800
174,583,300
*10.891,650
*9,817,991
289,266,800 1,015,797,900
—1,229,500
+ 2,335.700
95.588,800
+ 55,500
143,445,000
100,464,400
—979,900
149,567,600
—73,900
129,964,800
+ 52,100
20,413,900
—268,000
21,698,800
+ 219,900
15.5%
15.6%
21.1%
21.2%
15.1%
15.0%
Loans and investments..
Change from last week.
Specie
Change from last week.
45,354,800
—883,300
110,987,700
Legal-tenders & bk. notes
Change from last week
24,385,200
+ 643,900
13,386,400
_
.
Deposits
Change from last week.
—
..
..
Reserve
...
on deposits..
Change from last week.
..
—262,100
+ 333,100
331,182,800 1,039,926.800
—1,625,000 —2,350,400
92.264,500
P. C. reserve to
deposits.
Percentage last week..
—76,900
28.5%
28.3%
+ 238,500
4- Increase over last week.
— Decrease
from last week.
* As of Aug. 31.
includes all undivided profits.
“Reserve on deposits” In¬
cludes, for both trust companies and State banks, not only cash items, but amounts
due from reserve agents.
Trust companies in New York State are required by
law to keep a reserve proportionate to their
deposits, the ratio varying according
to location as shown below.
The percentage of reserve required Is
computed on
the aggregate of deposits, exclusive of moneys held in trust and not
payable within
thirty days, and also exclusive of time deposits not payable within 30 days,
repre¬
sented by certificates, anel also exclusive of deposits secured
by bonds of the State
of Ne-w York.
The State banks are likewise required to
keep a r< serve varying
according to location, the reserve being computed on the whole amount of
deposits
exclusive of time deposits not payable within 30 days, represented
by certificates
(according to th" amendment of 1910) and exclusive of deposits secured
by bonds
of the State of New
Note.—"Surplus”
3
16 Jan.
1
to
20 Holders of rec.
16 Ian.
6
to
31 Holders of rec.
31 Dec. 25
to
31 Dec. 25
to
16 Holders of rec
10 Dec. 31
to
10 Dec. 31
to
10 Dec. 31
to
16 Jan.
7
to
16 Jan.
7
to
31 Dec. 14
to
“Chronicle,” V. 85,
We omit lu'o
Liberty
Holders
Holders
Jan.
1
Holders
Holders
Holders
Dec. 16
Holders
Holders
Holders
Holders
Holders
Holders
Jan.
Jan.
Dec.
tquar.).
Dec. 28 a
Dec. 26
i
made up, see
are
15
3
Dec.
Jan
1
l
2
50c.
Jan.
i in.
6 l
i >PC
York Clearing-House banks for the week
ending Dec. 17.
The figures for the separate banks
are the averages for the
daily results.
In the ease of the totals the actual
figures
at the end of the week arc also
given.
For definitions and rules under which the
various items
.
Jan.
Jan.
preferred
,
.
1
.....
...
to
2K
IK
til.
to
21
Holders
14 Jan.
1
20 Holders
10 Dec. 28
3 Holders
.
z
Swift & Co. (quar.) (No. 97)
Tennessee Copper
Texas Company (quar.)
Texas & Pacific Coal (quar.)
Torrington Company, preferred.
Un-Drivo ).l i vo • vTltec, *■>• of. rip <r.>
Union Bag & Paper, pref. (qu.)
(No. 47).
Union Switch & Signal, com. &
pf. (qu.).
Com. & pf. (special) payable in com.stk
United Bank Note Corp.
nref. (quar.l
United Cigar Stores, Corp. of (qu.)(No.
6)
Extra
United Fruit (quar.) (No. 46)
United Gas & Elec. Co. (N. J.), pref
United Gas Improvement (quar.)
United Shoe Machinery, common
(quar.)
Preferred (quar.).
U. S. Finishing, com. (quar.) (No.
8)
Preferred (quar.) (No. 46)
U. S. Glass (quar.)
U. S. Light & Heating, preferred
U. S. Printing of Ohio (quar.)
U. S. Smelt., Refg. &
Mining, com. (qu.)
Preferred (quar.)
U. S. Steel Corp., com. (quar.) (No. 2t>).
Utah Copper (quar.) (No. id).
Utah Gas & Coke Co.,
pref. (quar.)
Van Dycx Estate, common
Preferred (quar.)
Ver Planck Estate, common
Preferred
Va.-Carolina Chem., pref. (qu.) (No.
61)
Vulcan Detinning, pref. (quar.)
Wells, Fargo A Co
Welsbach Company, preferred
Western Electric Co
Extra
Western Union Telegraph (qu.) (No. 167)
Westinghouse Air Brake (quar.)
Extra
)i C.
15
Jan.
Jan.
2K
Shawinigan Water & Poicer (quar.)
Shelby Iron
Sloss-Sheffield Steel & Iron, pref. (quar.)
South Porto Rico Sugar, common
(quar.)
Jan.
Jan.
Dec.
Jan.
3K
2
rec.
to
to
IK
IK
2
rec.
1
1
3
Extra
Pittsburgh Plate Glass, common (quar.).
Procter & Gamble, pref. (quar.)
Public Securities, first preferred
31
Dec. 28a
Dec. 14a
rec.
14 Jan.
14 Jan.
26
16
15
14
30
30
31
14
1
16
16
28
IK
K
K
K
lace.
rec.
13
to
Holders of rce.
Holders of rec.
Dec. 11
to
31 Dec. 10
to
31 Dec. 28
lo
3 Holders of rec.
3 KC. 21
to
3
Dec
10
to
31 Holders of rec.
27 Holders of rec.
4 Holders of rcc.
10 Holders of rcc.
16 Holders of rec.
20 Jan.
1
to
20 Jan.
1
to
2 Holders of rec
Ian.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
fan.
l
l
2
2
Quaker Oats, com. (quar.)
Common (extra)
Preferred (quar.)
Realty Associates (No. 16).
Republic Iron & Steel, pf. (qu.) (No. 36).
Royal Baking Powder, common (quar.)_
Preferred (quar.)
Scranton Electric Co., pref. (quar.)
Sears. .Roebuck &
Co., pref. (quar.)
Securities Company..-
1
25
31
14
31
i
K
rec.
rec.
.
.
$4
.turners of
rec.
Dec. 20
Dec. 2 On
Dec. 3a
rec.
3 tec
15
to
2 Holders of rce.
24 Dec. 21
to 1
1 Didders of i ec.
1 Holders of rec.
31 Dec. Hi
to
14 Holders of rec.
1 Feb. 10
to
1 Feb. 10
to
1
Jan. 13
to
2 EC. 2U
to
o
tec. 20
to
2 Holders of rec.
3 Dec. 23
to
31 Dec. 24
to
30 Holders of rec.
20 Jan.
1
to
31 Holders of rec.
21 Holders of rec.
3 Holders of rec.
3 Holders of rec.
31 Holders of rec.
1 Holders of rec.
16 Holders of rcc.
1 Holders of rec.
31
tui .era of tec.
3!
folders of rec.
16 Holders of rcc.
3 Holders of rec.
Ian.
.
'
H
2
3
5
3
Preferred
Osceola Consolidated Mining
Otis Elevator, preferred (quar.)
Pacific Telcp. & Teleg., pref. (quar.)
Pay-As-You-Enter Car Corp., pref. (qu.).
Phelps, Dodge & Co. (quar.)
Subway Realty
Jan.
Ian.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
a‘u.
IK
-
Preferred (quar.).
common and
Dt C.
He. il’C.
l.H Dec.
IK Jan.
3
4
2
5
2
Old Dominion Steamship (No. 70)
Onderd iuk Estate, common
Dec.
Jan.
Dec.
Dec.
Jan.
Jan.
2
Nevada Consolidated Coppe. (quar.)....
New England Teienh.
T. It a. eimur.)..
New York Air Brake (quar.)
N. Y. Mortgage & Security (quar.)
New York Mutual Gas Light
Niagara Falls Power (No. 4)
Nipissing Mines (quar.)
Preferred
Standard Screw,
Dec.
Dec.
Jan.
Jan.
Feb.
Jan.
IK !
IK
%
cotn.
Extra
North American Co. (quar.)_
Nova Scotia Steel &• Coal, com. (quar.)
K
IK
IK
Mortgage-Bond (quar.)
Biscuit,
fan.
Mch.
Mch.
Feb.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Dec.
Dec.
Jan.
Jan.
Dec.
Feb.
Jan.
Jan.
F/4
Michigan Light Co., pref. (quar.)...
3
l
Statement of New York City Clearing-House Banks.—The
detailed statement below shows the condition of the New
Books Closed.
Days Inclusive.
3 Holders of
3 Holders of
14 Holders of
3 l Holders of
31 Holders of
3 Holders of
30 Holders of
l
K
IK
-
National
National
National
National
National
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
Jan.
Dec.
Jan.
Feb.
Dec.
1
•
leu+uone pref. «quar.)
Coal & Coke, pf
2
IK
2K
Extra
Mexican Telegraph (quar.)
iu
Ian.
Jan.
IK
...
.Micaig
IK
IK
30c.
20c.
Intercontinental Rubber, common (quar.)
Preferred (quar.)
_1
Intemat. Harvester, com. (qu.) (No. 4).
International Nickel (quar.)
Common, extra (quar.)
Preferred (quar.)
International Silver, pref. (quar.)
Preferred (extra)
Internat. Smokeless
Pow.&Ch.,cotn.(qu.)
Kansas Gas & Klee., pref. (qu.)
(No. 3)..
La Belle Iron Works (quar.)..
Lanston Monotype Machine (quar.)
La'Rose Consolidated Mines (quar.)
Lawyers’ Mtge. Co. (quar.) (No. 37)
Lehigh & Wilkes-Barre Coal
Mackay Companies, com. (qtiar.)(No.22)_
Preferred tquar.) (No. 28)
Manning, Maxicell <(■ Moore, Inc. (qu.)..
Massachusetts Gas Cos., common (quar.)
Massachusetts Llg. Cos. (quar.) (No. 29)..
May Department Stores, pref. (quar.)
Mergent.uiu- Liu-. type tquar.)-..-
Monongahela Riv. Cons.
Wlien
Payable.
1
Name of
[VOL.LXXXXI
York.
—Trust Cos.
-State BanksReserve Required for Trust Companies
Total
Of
Tctul
Of
and Stale Banks.
Reserve
which Resrri e
which
Location—
i Cash.Required.
Required
in Cash.
Manhattan Borough..
15%
15%
25%
15%
Brooklvn Borough (without hranohe s in Manhat.).15%
10%
20%
10%
Other Boroughs (without branches in Manhattan).15%
U)Nr
7 K%
15%
Brooklyn Borough, with branches in Manhattan.. 15%
15%
20%
20%
Other Boroughs with branches in Manhattan
15‘ b
15%
15%
15%
Elsewhere in State
...
10%
5%
15%
6%
THE CHRONICLE
Dec. J4 1910,
Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House.
These figures are shown in the table below, as are
also the results (both actual and average) for the ClearingHouse banks.
In addition, we have combined each corre¬
sponding item in the two statements, thus affording an
aggrega te for the-whole of the banks and trust companies in
Boston and
The
the Greater New York.
NEW
YORK
Week ended Dec. 17.
Capital
as
CITY
TRUST COMPANIES.
Clear.-House
Banks.
A dual Figures
Clear .-House
Hanks.
8
s
1,217,934,000
—8,393,600
Loans and Investments
Change from last week
Total of all
Banks A Trust
Cos. Average.
ft
208,081,000
'|j 183,170.000
74.731,000!
106,577,100
379.747,100
&
1,221,071,.100
1,105,980,300 2,327,051,600
+ 2,527,400i —10,535,900
—13,063,300
1,179,892,600 1,181,544,400 ul,055,549,900! 2,237,094.300
—7,534,100 ,—13,195,900
+3,414,100
—9,781,800
Deposits
Change from last week
Specie
Change from last week
235,679,100
+ 1,096,100
234,609,000
—910,600
Legal-tenders
Change from last week
68,633,500
+ 648,000
67,676,700
+ 852,400
521,629,900!
89,306,600
+ 292,900;
+ 1,145,300
Aggr’te money holdings
Change from last week
304,312,600
+ 1,744,100
302,285,700
—58,200
rl39,429,600',
+ 133,900’
441,715,300
+ 75,700
—
117,799,700
—159,000
and
Philadelphia Banks.—Below7 is a summary of
weekly totals of the Clearing-House banks of Boston
Philadelphia.
We omit two ciphers (00) in all these
Loans.
and
Change from last week
-
-
-
S
Boston.
S
23,935,300
—61,500
—61,500
465.650,600
+ 14,200
304,312,600
+ 1,744,100
302,285,700
163,364,900
—58,200
+ 72,400
Percentage to deposits
requiring reserve
Percentage last week..
25.83%
25.51%
25.61%.
25.34%
Surplus reserve
9,339,450
6,899,600
reserve
Change from last week
Deposits,
$
S
Circu¬
lation.
a
S
Nov. 26..
40,200,0
199,385,0
23.708,0
3,803,0
Dec.
3..
Dec. 10_.
Dee. 17..
Phi la.
40.200,0
199.744,0
199,846,0
22.749.0
40.200,0
40,200,0
3,936,0
3,810,0
Nov. 26..
55,465,0
3..
55,465,0
55,465,0
55,465,0
IV
e
Dec. 10..
Dec. 17..
22,056,0
22,353,0
200,128,0
252,029,0
252.395,0
253,075,0
253,030,0
237,8 i4,0
241,325,0
237,157,0
239,530,0
3,635,0
Clearings.
S
7,977,0
7,940,0
7,993,0
7,777,0
135,073,3
168,544,4
162,071,
161,021,8
$
71,029,0
302,701,0 15.873,0
130,869,8
70,644.0
303.4 21.0 1 5,755.0
68,372,0
67,212,0
300.158,0 15,743,0
166.807,3
146.165,5
299,712,0 1 15,739,0
147,914,8
a
Including Government deposits and the item “due to Other banks.”
At Boston
Government deposits amounted to 83,094,000 on December 17, against $3,086,000
on December 10.
Imports and Exports for the Week.—The following are
imports at New York for the week ending Dec. 17: also
the
totals since the
beginning of the first week in January.
FOREIGN IMPORTS AT NEW’ YORK.
J
General merchandise
1
-
j
1908.
1909.
1910.
For week.
Dry goods.
23,935,300
-
Legals.
Specie.
Surplus.
Total
Since January 1.
other bks. & trust cos.
figures
Capital
Banks.
352,408,700
—1,069,600
Money on deposit with
Total
the
8
133,350.000
196,577,100 \
.
State Banks A
Trust Cos. not
in C.-H. Aver.
Average.
133,350,000
of Nov. 10..
Surplus as of Nov. 10.
AND
BANKS
1691
S?,93 1,266
13,583,237
$3,818,307
S16,517,503
S20,763,636
■
1907.
S2.755.826i
$4,024,815
8.941,8811
8,987,130
16,945,329
$11,697,707, $13,011,945
$151,996,251 $163,506,522 $123,014,487 $178,539,642
Dry goods
General merchandise
!
721,39 ,336
497,939,984
691,146,069
631,775,968
8873,389,587 S851,652,591 $620,954,471 $810,315,610
Total 50 weeks
i
17.2 %
—
17.3%
1
+ Increase over last week.
—Decrease from last week.
a These are the deposits after eliminating the item “Due from reserve depositories
and other banks and trust companies in New York City”; with this item included,
deposits amounted to SI, 152.355,800, a decrease of 82,392,200 from last week.
In the case of the Clearing-House banks, the deposits are “net” both for the average
and the actual figures.
l> Includes bank notes, c Of this amount State banks held
815,055,500 and trust companies S124.374.100.
The
of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing-House compare
averages
follows for
as
series of weeks past:
a
TRUST
OF BANKS AND
UREA T E R N E W YO P K.
COMBINED
COMPANIES
RESULTS
We omit two ciphers in
IN
The
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
wreek ending Dec. 17 and from Jan. 1 to date:
EXPORTS FROM NEW YORK.
Dee.
Dec.
Dec.
Specie.
Deposits.
Holdings.
$
.8
2,337,587,5! 2.246,876,1
2,327,051,6 2.237.094.3
or
The
following table shows the exports and imports of
specie at the port of Now York for the week ending Dec. 17
and since Jan. 1 1910 and for the corresponding periods in
SPECIE
AT
YORK.
NEW
459,516,1
456,416.1
453.870,2
445,697,1
443,797,3
451,719,5
484,935,4
480,663.0
477,425.5
470,422,9
467,943,4
474,847,4
361.995,1
89.829.6
89.282.8
-155.731.4
451.277.9
478.744.6
475,117.2
353,478.3
352,408,7
88,161.3
89,306,6
441,639,6
441,715,3
465.636,4
465,650,6
357.466.7
355.905,1
363,380,5
455.901.8
We omit (too ciphers (00) in all
these figures.
Deposit with
Loans,
Disc'ts
Capi¬
Sur¬
tol
plus.
and
Invest¬
■Sl- a
Specie.
ments.
i
Agent.
Other
Banks
&c.
S
S
Clear¬
ing
Imports.
Exports.
Week.
Reports of Clearing Non-Member Banks.—The following
condition of the clearing non-member
banks for the week ending December 17, based on average
daily results:
Y.
OF
Gold.
S
Great Britain
France
Net
Deposits.
—
1
..
Germany
$32,150,000
—
.
..
...
4,455
3,539,127
3,000
9,693,766
41,900
..
$50,400
....
.
South America
All other countries
..
..
Week.
Since Jan A.
..
WTest Indies.
Mexico
125,000
.
SinceJ an. 1.
$13,469,736
3,615,837
314
$312,300
3,434
5,859
61,000
904,640
298,609
2,221,938
1,720,845
S175.400 $45,432,248
521,500 93,650,117
4,003,500 54,000,555
$382,593 $22,231,919
130,248
8,846,830
412,291 16,913,631
$1,013,687 $38,462,803
2,291,700
720,456
96,755
74,859
1,062
Total 1910
Total 1909
Total 1908
is the statement of
N.
IMPORTS
AND
Deposit.
88,364.2
88,481.0
89,325,5
88,230,4
87,892,2
88,339,0
371,151,9
367,935.1
361.544.7
2.30>.s t ;. <j 2.2 12.769. {
2.326,766.71 2 215 92*2 r>
Banks.
$15,572,901
604,346,237
1909 and 190S:
Legals.
s
2,340,467,7 j 2.248,637.7
2.309.880.1! 2.227,664,7
3..
10..
17..
593,604,495
$667,617,173 $608,124,862 $619,919,138 S628,153.362
Total 50 weeks.
EXPORTS
|
15..
22..
29..
Nov.
5..
Nov
12..
Nov. 19..
Nov. 26..
$14,520,367
$15,810,821
612,342,541
Tot. Monet; Entire Res.
*
S
2.382,131 ,5: 2,306,865.9
2.365.975.6! 2.287.487.9
2.358.583.6 2,273,641.0
2,361.563.2! 2.271.515,7
Oct
Oct
Oct.
1907.
1908.
all these figures.
Conns nod
Ended.
$15,105,756
652,511,417
_:
.
Previously reported.
I
j
Investments .1
1909.
1910.
For the week.
Silver.
Great Britain
.
France
.
.
_
Germany
_
West Indies.
Mexico
South America.
All other countries
.
T:
67,825
7,946
$100
33,618
1,069
125,334
$13,344
7,179
13,310
82,351
1,759,303
1,251,884
1,628,661
$1,121,504 $41,625,589
874,430 42,580,164
878,750 41,424,300
$160,621
256,104
156,049
$4,756,032
5,284,419
4,451,844
10,000
—
Total 1910
’Total 1909
Total 1908
i
Citv
Boroughs
of
Man. A: Brr
Wash. Hgts
Century
Colonial
Columbia
..
Fidelity
Jefferson
Mt. Morris.
Mutual
Plaza
23d Ward
_.
.
Yorkvllle
New Noth’cl
Batt.Pk.Nat
Aetna Nat,
Borough of
..
Brooklyn.
Broadway
.
Mfrs.’ Nat.
Mechanics'
Nassau Nat.
Nat. City..
North Side.
First Nat..
S
100.0
250,0
400,0
300,0
200,0
500,0
2.50,0
200,0
100.0
200.0
100,0
200,0
200,0
300,0
200,0
252,0
1,000,0
750,0
300,0
200.0
300,0
8
274.3
155,6
391,4
775,S
172,5
537,5
313,9
379,5
462.0
110,6
482,0
259. S
164,0
315,7
534,2
838.4
882,0
1,018,1
614,9
149,5
623,9
Jersey City.
First Nat..
Hud.Co. Nat
Third Nat..
Hoboken.
First Nat__
Second Nat.
M
Tot. Dec. 17
Tot. Dec. 10
Tot. Dec. 3
400.0
s
1,224,0
1,392,0
5.706,4
6,251,0
1,036,1
2,987,3
2,563,7
3,323,6
4,260.0
1,829.4
4,022.4
2,405,0
1,622,9
2,082,3
3,313,0
5,470,5
11,195,6
7,022,0
3,740,0
2,123.2
3,394,0
S
$
16,0
150,0
187,5
*
1,209,0
1,502,5
7,102,0
7,287,0
,1,073.0
3,900,5
3,193.6
3,987,2
5.182,0
1,981,9
5,061,7
2,561,0
1,284,1
1,958,3
142,0
37,6
875,7
637,0
85,6
172,0
453,2
44,2
349,0
158,9
71,9
246,0
167,7
449,3
38,0
186,6
430.3
599,0
94,0
317,0
26,3
559,1
373,0
47,4
699,4
36,7
163,0
54,0
605,8
858,0
112,0
213,0
287,0
409,S
677,0
245,6
204,5
257,0
50,1
37,4
44,7
502,7
360,8
576,0
112,0
147,3
316,0
405,7
215,8
1,235,0
290,0
529,0
114,3
91,0
274,5
840,9
1,419,1
1,066,0
669,0
211,2
460,0
154,8 3,594,5
122,1
5,962,3
215,5 14,330,7
7,075,0
182.0
4,838,0
90,1
2,430,4
38,0
3,122,0
340,5
54,7
124,5
4,769,5
309,8
448,1
144,0
112,6
31,7
9,201,8
17,8
88.0
151,7
58,5
71,9
164,9
2,711,6
2,890,1
250,0
200,0
1.264.0
763,1
400,9
5,164,5
3,093,3
2,149,4
300,3
147,8
60,0
220,0
125,0
626,0
267,4
3,052,2
2,812,5
135,6
118,3
81.0
64.4
-
77,0
888,8
102,4
261,4
24,0
20,4
flaiiliittg and financial.
Railroad and Industrial Stocks
Let us send you our circular
road and Industrial Stocks.
describing 110 ISSUES of listed Rail¬
Spencer Trask & Co,
43
EXCHANGE PLACE.-
Chicago, III.,
-
Boston, Mass.,
Members New
-
NEW YORK.
Albany, N. Y.
York Stock Exchange.
2,715,3
2,379,0
7,497,0 12,777,0 93,219,3 6,693,6 7,064,5 14,858,5 3,061,1 108534,5
7,497.0 12,777,0 92,820,0 6.636.3 7.278.6 12,916,8 2,913.9 106086,6
7,497,0 12.777.9 92,120,2
11,545,6 2.722,5 103688,4
6,617,3j 7,167,7
imports for the wreek in 1910, $4,500 wrere
gold coin and $100 American silver coin. Of
the exports during the same time, $175,400 were American
gold coin and $
wrere American silver coin.
Of the above
American
WHITE,
WELD &
CO.
Members New York Stock Exchange.
6 NASSAU STREET.
NEW YORK
THE ROOKERY,
CHICAGO
1693
THE CHRONICLE
Hanlim* da^jette,
Wall Street, Friday Night, Dec. 23 1910.
The Money Market and Financial Situation.—Business in
Wall Street has been chiefly
interesting on account of a larger
investment demand for bonds.
At the Exchange the trans¬
actions in this department have exceeded all recent records
and prominent bond houses report an
inquiry at the counter
such as has not been seen for
At the same
many months.
time the market for shares has been
unusually dull anc
featureless.
A formal enirygof the recent decision
of Philadt lphia, which
practically
by the Circuit Court
put out of business the
Temple Iron Corrq a ay, was followed by a little more interest
in the anthracite <oai shares; bat an advance of the
Lehigh
Valley divid nd ate seems to have been previously dis¬
counted.
Other .visa
there
is
general siluition.
nothing
new
often develops during the holiday
market, such
period. It is reported that the banks have gained through
transactions with the sub-Treasury this week, and there now
•earns no likelihood of any
stringency, or sharp advance in
rates, as the year draws to a close.
The open market rates for call loans at the Stock
Exchange
during the week on stock and bond collaterals have rangec
from 2% to 3%%.
To-day's rates on call were 3@3%%
Commercial paper quoted at 4%@4%% f°r 60 to
90-day
endorsements, 4%@4%% for prime 4 to 6 months’ single
names and 5@5%% for
good single names.
The Bank of England weekly statement on
Thursday
showed a decrease of bullion of
£2,224,140 and the percentage
of reserve to liabilities was 46.35,
against 50.01 last week.
The rate of discount remains unchanged
at 4%%, as fixed
Dec. 1.
The Bank of France shows an increase of
2,275,000
francs gold and 50,000 francs silver.
NEW
as
YORK CITY
CLEARING-HOUSE BANKS.
1910.
Averages for
week ending
Dec. 17.
Differences
from
;previous week.
s
$
Reserve held
25% ol deposits
BfSurnlus
reserve
Surplus, excl. U.S. dep.
Dec. 13,063,300
Inc.
6,500
Dec. 13,195,900
Inc.
21,700
Dec.
910,600
Inc.
852,400
302,285,700 Dec.
295.386.100 Dec.
1908.
Averages for
week ending
week ending
Dec. 18.
8
Capital
Surplus
133,350,000
196.577.100
Loans and discounts
1,221,071.300
Circulation
;
48,490,100
Net deposits.
1,181,544,400
U. S. dep. (inch above)
1,690,200
Specie
234,609,000
Legal tenders.
67,676,700
1909.
Averages for
Dec. 19.
S
127,350,000
126,350,000
180,024,400
165,447,700
1,191,041,000 1,315,980,100
52.755.500
46,612,100
1,172,713,200 1,368,912,400
1,725,800
10,295,500
232,991,500
272,848,200
70.630.500
79,389,600
58,200
3,298.975
303,622,000
293,178,300
352,237,800
342,228,100
6,899,600 Inc.
3,240,775
10,443,700
10,009,700
7,322,150 Inc.
3,246,200
10.S75.150
12,583,575
Note.—The Clearing House now issues a statement weekly showing the actual
condition of the banks on Saturday morning as well as the above averages.
These
figures, together with the returns of separate banks, also the summary Issued by the
State Banking Department, giving the condition of State banks and trust com¬
panies not reporting to the Clearing House, appear on the second page preceding.
Foreign Exchange.—Operations
the net change exceed a point.
The increased transactions are
limited scale
quite generally distributed
throughout the list and include a large number of issues.
There have been no special features worthy of mention.
Central of Georgia incomes have continued
relatively active
and
steady. Some of the industial issues have been
in request,
including United States Steel, Central Leather, Bethlehem
Steel and American Tobacco.
United States Bonds.—Sales of Government bonds at the
Board are limited to $1,000 3s coup, at 102%.
The following
are
the
page
daily closing quotations; for yearly
following.
Interest
Periods
2s,
2s,
3s,
3s,
4s,
4s.
2s,
*
1930
registered
1930
coupon
1908-18
..registered
1908-18--.
..coupon
1925
--.registered
1925
coupon
1936-Panama Canal regis
.
-
_
.-
.
Q—Jan
Q—Jan
Q—Feb
Q—Feb
Q—Feb
Q—Feb
Q—Feb
Dec.
17
Dec.
19
Dec
20
third,
range see
Dec.
21
Dec.
22
Dec.
23
*100)4 *100)4 *100)4 *100)4 *10054 *100)4
*100)4 *100% *100)4 *100 H *100)4 *100)4
*102
*102
*102
*102
*102
*102
*102
*102
*102
102)4
*115)4 *115)4 *115)4 *115)4 *115)4
*115)4 *115)4 *115)4 *115)4 *115)4
*100)4 *100)4 *100M *100^ *100)4
This Is the price bid at the morning board: no sale
was
*102
*102
*115)4
*115)4
*100)4
made.
Railroad and Miscellaneous Siocks.—The general charac¬
teristics of the stock market are such as
frequently obtain
at this season.
The volume of business diminished
day by
day until reduced to 114,500 shares to-day, the smallest in
narrowly through¬
strong in tone on Monday
and during the early part of Tuesday, when the
highest
quotations of the week were recorded, and although the later
recession had little force, closing prices are in a
majority of
cases fractionally lower than last week.
Reading has been the most active feature. It advanced
over 3 points, and other anthracite carriers were
notably
strong on the recent judicial decision mentioned above,
which was favorabl}’- interpreted.
Lehigh Valley has covered
a
range of nearly 4 points and closes with a fractional net
change. Interboro-Metropolitan has lost a part of the
advance noted last week, although its
prospective interest in
new subways seems to be
increasing.
American Beet Sugar has been the strong feature of the
industrial list, selling over 9 points higher
than early in the
month and 4% points higher than at the close last week.
Central Leather has been exceptionally
strong. Distilling
Securities advanced 2% points and holds a large
part of the
gain. The U. S. Steel issues have been steady on unfavor¬
able trade reports.
For daily volume of business see page 1702.
The following sales have occurred this week of shares not
recent years, and prices have fluctuated
out the week.
The market was
STOCKS.
Week ending Dec. 23.
Sales
Range for IFceA;.
for
Week.
Lowest.
j
Dec
19'
Am Brake Shoe & Fdy._
300
S8
Batopilas
300
§2)4 Dec
Mining
Detroit Edison
Keokuk & Des Moines.
Lake Shore & Mich Sou.
New York Dock, pref
North Ohio Trac & Lt._
_
were on a
lxxxxi
Tennessee settlement 3s at 95% and $19,000 Virginia
6s,
deferred trust receipts, at 42 to 45.
The market for railway and industrial bonds has, as
noted,
above, been more active. In some cases quotations are
farctionally higher and in others lower; but in no case does
of importance in the
The Bank of England reports the usua
loss of reserve incident to the season, a matter
which, as is
well known, will speedily adjust itself with the
opening o;r
a new year.
There is, as yet, no unusual demand for funds
in the local
lVol.
100106
100
6
15 350
215 67)4
Dec
Dec
Dec
Highest.
Range since Jan.
Lowest.
90 >4 Dec 23 83)4
Oct
20 §2)4 Dec 17 S2
Sept
21 106
Dec 21 106
Dec
19
6
Dec 19
4)4 July
21350
Dec 21 350
Apr
Dec 23
65
20! 68
Dec
22| 40)4 Dec 23 35
Feb
19 35
Dec 19
28
Feb
20! 50
Dec 21
45
July
21! 40
Dec 21
38
Feb
22x90
Dec 22 81
July
23i 60
Dec
60
Feb
1.
Highest.
91)4 Nov
§3)4 Jan
106
9
Dec
Jan
375
86
Apr
Dec
Mch
to-day, but the undertone was quite firm.
1,200 39)4 Dec
40)4 Dec
To-day’s (Friday’s) nominal rates for sterling exchange Rutland, pref
50 35
Dec
44
Nov
Jos & Gr Isl, 1st pref.
were 4 83 for sixty
200 50
Dec
55
Jan
day and 4 86 for sight. To-day’s actual St 2d
450 40
Dec
preferred
40
Feb
rates for sterling exchange were 4 8240@4 8250 for
sixty South Porto Rico Sugar. 100x90 Dec
91
Dec
60
Dec
days, 4 8540@4 8550 for cheques and 4 8580@4 8590 for VulcanJJetinning, pref.
80
Jan
23l
cables.
Commercial on banks 4 81 %@4 82 and documents
for payment 4 81% @4 81%.
Cotton for payment 4 81 @
Outside Market.—The holiday spirit prevailed in the
4 8134 and grain for payment 4 81%@4
curb” market as elsewhere, business in outside securities
81%.
To-day’s (Friday’s) actual rates for Paris bankers’ francs aeing at a standstill. Prices moved within the narrowest
were 5 22% less 1-16@5
22% for long and 5 20 less 3-32@
imits, the close to-day being very little changed from
5 20 less 1-16 for short.
Germany bankers’ marks were i;he beginning.
British Columbia Copper, due to divi¬
94%@94 7-16 for long and 95@95 1-16 less 1-32 for short. dend expectations, was* in demand, and after a decline from
Amsterdam bankers’ guilders were 40 24@40 26 for short.
7% to 7 sold up to 7%, the close to-day being at 7%. Chino
Exchange at Paris on London, 25f. 26%c.; week’s range, went up from 21% to 21% and down to 21,
finishing to-day
25f. 27%c. high and 25f. 26c. low.
at 21%.
El Rayo advanced from 3% to 4% and eased off
Exchange at Berlin on London, 20m. 43pf.j week’s range, i;o 4. A quarterly dividend of
7%% has been declared.
20m. 44%pf. high and 20m. 42%pf- low.
Greene Cananea fell from 7 to 6% and recovered to
6%.
The range of foreign exchange for the week follows:
Inspiration advanced from 8 15-16 to 9 1-16 and sank to
Sterling, Actual—
Sixty Days.
Cheques.
Cables.
8 13-16.
Miami moved up from 19% to 19%,
High for the week
4 82%
dropped to
4 8555
4 86
Low for the week.
4 82)4
4 85)4
and
19%
closed to-day at 19%. Ray Central weakened
4 8560
Paris Bankers’ Francs—
:!rom 2 1-16 to 1%, the final quotation to-day
being 2. Ray
High for the week
5 22)4
5 20 less 1-32
5 19)4 less 1-16
Low for the week
Consolidated improved from 1S% to 19, but declined to
5 22)4 less 3-32
5 20)4 less 1-32
5 20 less 3-32
Germany Bankers' Marks—
8% and finished to-day at 18%. La Rose Consolidated
High for the week
94 7-16
95 3-16
95)4 less 1-32
went up from 4% to 4 9-16.
Low for the week
Mines Co. of America gained a
94)4
95 less 1-32
95 1-16
Amsterdam Bankers’ Guilders—
closed
point
to
6
and
to-day
at
5 13-16. A quarterly divi¬
High for the week
40 1-16
40 27
40 32
dend of 2%% has been declared.
Low for the week
40
40 23
Trading in miscellaneous
40 28
American Tobacco rose
The following are the rates for domestic exchange at the securities broadened somewhat.
Intercontinental Rubber lost over 2 points
undermentioned cities at the close of the week: Chicago, ): points to 414.
to 32 and closed to-day at 32%.
Standard Oil gained about
5c. per $1,000 discount.
Boston, par. San Francisco, a
point to 617 and ends the week at 616. A feature in bonds
60c. per $1,000 premium.
St. Paul, 85c. per $1,000 premium was
the initial
St. Louis, 10c. per $1,000 premium.
Savannah, buying, weakened from trading in Southern Bell Telep. 5s, which
96% to 96%, sold up to 97 and reacted finally
3-16c. per $1,000 discount; selling, par.
Charleston, buying, to
Western Pacific 5s rose from 9234 to 92% and re¬
96%.
par; selling, l-10c. per $1,000 premium.
Montreal, 15%c. acted to
92%. Amer. Smelters’ Securities 6s, “w. i.,” sank
per $1,000 premium.
from 101% to 101.
American Writing Paper 5s gained a
State and Railroad Bonds.—Sales of State bonds at the
point to 90.
Board include $3,000 New York Canal 4s at
Outside quotations will be found on page 1702.
104%, $1,000
—
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO
STOCKS —HIGHEST AND LOWEST SALE PRICES.
Saturday
Dec 17.
II6I4
106%
8034
79%
8134
8034
31
*27
30
30
280
66%
2214 22%
*4412 45%
12234 12234
14534 140
66l2
22%
45l4
*....
*141
*180
*135
♦160
*98*3
145
180
65
100
5712
75
75
164
575
29
*27%
69%
6910
67
12
22
67
*10
*20
2738
2714
45
*33
*123
*56
145%
3%
7%
5712
*72
*70
*163
*490
123
45
341 j>
1231?
57
14%
*11%
941?
*
*125
135
*13012 132
2058 20%
6534 56i8
1734 18
31% 32
*74
31
*260
81
*27
30
*
46
*45
146
146
146%
14212 142%
140
170
*180
*138
*160
3%
7*2
*234
*534
6514
207*
20%
553.t
18%
3214
-
-
-
-
3078
56
20%
5512
ISI4
32%
1812
32l4
31i4
31%
45
*37
6612
144
*135
144
138
27l4
2712
*47
54
150
*146
9018
311j>
63
46
145
72
4612
*64%
68
110
94
151
*14614 148%
41
4U4
99% 101%
115% 11578
*98
*90
110
110
*100
no
12S58 129
9812 100
*100
ll‘>
14838 149%
*75
89
95
30
62
65
*92
30
*60%
*60
*37%
61
62
*2434
*9%
712
2584
1012
712
2238
5214
22l8
►
110
20%
56
1S78
*18
33
771?
*64%
*14
*67
*32
*73
*30
80%
§27%
*
21%
*21%
44
146
142
210
145
175
4
*180
*138
*160
2%
6%
534
31%
*6434
20
*15
32
67
20
*14
43
*37
40
*37
144%
*136
139
271?
2634
2G34
2712
54
150
90%
32i8
139
*45
*146
150
90
*62i4
47ig
47%
30%
2934
26
26l8
6OI4
1143s H55g
2534 2712
62l8 637*
2534 2614
1038 1038
1123g xllO% 110%
*63%
*100
68
no
*87
as
63%
26%
10%
8
8
8
8
2214
5U2
2234
52l4
22l2
5212
223.)
52%
108% 10812 *107
109
*63%
9S%
128% 12834
*96
98%
112
149% 1503g
*87%
*87%
*93%
29%
91
96
*59
*60
*59
*60
39
62
64
40
25%
25%
*25
3S%
26%
6284
2534
26%
62%
*91?
101?
9
52
*107
9334
29%
29%
25%
22%
52%
109
34%
474
*73
4734
*5412
no
110
110
11 ‘2
34
5712
99%
92
29
60
16%
16%
16%
35
34
34%
48%
4758
74%
*5
*12
*6
48
75
6
14
8
*541?
57%
91
9334
29%
61%
11,261
640
1,200
2,860
253
Range Since January 1.
19%
54%
1834
323g
77%
32
65%
20
45
180
67
144
140
26%
53
132
150
89%
32
63
46%
143
71%
35
110%
68
no
93
151
148%
41
100
V 'anada
*106
l>o pref
770 Chic Gt Wes, trust ctfs
Do pref trust ctfs....
400
8,000 Chicago M’lw & St Paul-.
Do pref
2,029
.
9,805 Ljrle
2,616 Ju
29%
65
*60
*62
38%
*38
26
*25
62
66
39
26
pref
_
TTavana
11
Do
Electric
pref
Hocking Valley
I l.tnols
Central
7,400 Lnterboro-Metropolltan
Do pref
14,110
1,230 Iowa Central
bid
New York
ketna
America 1%.
Lmer Exch.
iudubon
__
Battery Pk.
Bowery T1
BroaxBoroJi
Bronx Nat.
Bryant Pk |
Butch & Dr
Dentury
phase
IS1?
As*
Banks
Bid
Chatham
Chelsea ExU
Chemical
Citizens’ Ctl
..
175
595
2321115
125
375
300
190
155
138
170
430
180
605
240
125
....
200
160
145
175
450
_
City
Coal & Iron
Colonial H__
310
190
422
150
f 387
153
400
Columbia 1).
Commerce
U95
Corn ExD.. 308
.
East
River.
Fidelity
Hfth AveT],
115
165
4000
.
Do pref
\Z C Ft S & M tr cfs. pref
City Southern..
lYunsas
2,000
1,600
100
Do pref
T ake Erie A Western
Li Do pref
170,270 Lehigh Valley.
1,300 Long Island
1,900 Louisville A Nashville
500
1,000
Manhattan Elevated...
A St Lou's
Do pref
iTllnneapolis
100 Minn St P A S S Marie...
Do prel
Do leased line ctfs....
200
2,000 Mo Kansas A Texas
Do pref
50
1,500 Missouri Pacific
\Jash Chatt A St Louis.
.isat Rys of Mex 1st pref
Do 2d pref
1.580
8,900 N Y Central & Hudson..
N Y Chic A St Louia____
Do 1st pref
Do 2d pref
N
Y N H A Hartford....
600
Subscription receipts z..
800 N Y Ontario A Western.
14,900 Norfolk A Western
Do adjustment pref
75
12.825 Northern Pacific
....
pacific Coast Co
-L
...
Do 1st pref
Do 2d pref
400
800
7,350
1,700
Do pref
1 leading
IV
1st pref
2d pref
Rock Island Company
Do pref
Qt L A San 1%-, 1st pref..
Do 2d pref
400 St Louis Southwestern
Do pref
1,100
1,490
...
*12
*6
*541?
14
8
57
*12
*6
*55
14
8
57
Ask
Banks
Elith
Do 1st pref
Do 2d pref
600 Wisconsin Central
Ktrst
14th StH...
157% Fourth
Gallatin
Garfield
158
Germ-Am 1]
Germ’n ExH
405
Germania ^|.
315
Gotham
200
427
...
126
175
4250
Greenwich H
Hanover.
Imp & Trad
_.
Banks
Bid
Ask
300
840
350
150
195
325
290
140
485
550
150
Liberty....
197% Lincoln....
335
ManhattanTJ
255
265
620
565
610
555
Mch
94
Jan
Jan
8
7
91
Nov
67
Jan
Mch
2023s Nov 1 zl65
7o
212
92
60% Jan
Jan
4
Jan
Jan
7
3
3
■
Jan
6034 jan
Apr 1
57?8 Feb
3678Jnn 3
64% Jan 10
31% Dec
58% Dec
158% Jan
172% Jan
182% Jan
225
J 110 27
Apr 2»
’ Feb
2- 5
55%
69
Mch
25
Jan
Nov
70
3
3
3
6
4 Feb
158% Mch
173% peb
141
12638 Oct
106-% J’no
143% Aug
122% J’ly
96
Apr
82"% J’ne
189% Oct
70% Nov
323'*
7«lo Meh
373g Dec
6434 Deo
165% Sep
Aug
lsl
1981 o
"
Men
208
Sep
91% Deo
74% Apr
Aug
Aua
162% Feb 23
148
Apr
167
Aug
iKfii, Jan
41811
J’lV
Apr .5 §170% Feb 18
31, Dec
Dec 23
638 Jan 4
7
Jan
Sep .8
12% Jan 4
734 Dec
18% Jan
92 % Mch 18
Nov 1
68
Jan
83% Deo
Sep 14 104 Jan 15
100
Jan
105
Mch
J’ly-6
51
0534 Feb 25
Dct
68% Jan
8i
J’ly *7
Men 4
86
May
76% Jan
81
Jan
Aug 1
6
73% Jan
84% Jan
J’ly 26 185 Jan 3
206 ‘kMay
167% Feb
J’ly 26 620 Meh 21
535
Feb 680 Apr
52
Jan 3
54
J’ly 26
Apr
37% Jan
84
Jan
791? Jan
3
90
Feb
J’ly 26
68 Dec 19
J'ly H
Jan
56
71% Aug
J’ly 1
14% Nov
21
Jan
18% Jan 3
26
28
Feb
J'ly
'
34% Jan 4
3gln .Iar»
22%
Mch
34%
Jan
J
26
5
~
l'j%
ly
39
J’ne
35
J’ly -7
36% Mch
52% Mch 8
66% Aug
42
Mch 8
26% J’ly 27
Aug
46
28% -Web
118
J’ly -6 l4378 Jan 3
136% Feb
157% Aug
45
J’ly 0
80% Jan 4
65% Mch
88% Aug
Aug 10
11
21
Dec
18% Mch 22
13% Nov
Den
1 fv-i
881-Ja
20
97' Apr 14
30
Feb
99" Jan 4
93% Novi7
83% Feb
May 0 140 Oct 4
lOu
iRiio A liar
124
J’ly 26 ]47 Jan 5 137 Feb
14% J’ly 26
25% Jan 11
11% Mch
25% Deo
411? J’ly 26
Jan
627g
12
36% Mch
63% DeO
30
15
J’neju
Jan 3
36
Apr
2634 Nov
25
J’ly 26
64% Jan 3
48
Sep
62
Apr
Aug 2
68
80
Feb 18
82
Sep
74% Feb
J’ly 20
23
44% Jan 3
37
Feb
50% Aug
71
Jan
4
68
Aug 2
75% Aug
077s T eb
15
J’nOoO
25% Jan 5
19% Feb
29% Aug
37% Dec 8
Jan
48
64% J’ne
173% Dec 7 188 Nov28
Jan
J’ly 1 "/u% Apr 14
60
7V% Deo
1311? J’ly 26
159% Jan 5 rl21
Jan
162% Aug
123
J’ne30 146 Oct 6
137
Dec
J’ly 26
23
83% Jan 4
Sep
51
65 ” Jan
40
SeD 21
80
Feb 24
un
Jan
Mch
8i
114
J’ly 1:6 145 Men 3
132i«> Jan
149% Jan
144
J’ne 6 155% Mch 2
147 “ Apr
9234 Jan 3
zS6% Sep 20
89
J iy
Deo
94
27
J’ly 26
Xl'sJan 5
35% Feb
50% Oct
57
J’ly -6
Feb
74%Jan 5
71
78% Oct
41
J’lV 26
73% May23
Feb
65
7712 Aug
125
J’ly -6 140 Nov 3
1221? Jan
142 “ Deb
oo
Feb 3
72% Nov 3
Deo
64
44% Apr
23% j’ly 26
21
Dec
37% Nov 14
26% May
105% J’ly -6 128 Mch 9
1473, Aug
120% Feb
55% May 4
6878 Nov 3
69
NOV
48% Mch
]00
Feb
§ 1 () 1
J’ly 8 109% Jan 2f
*7Kl, ADr
98
823, Apr 28
Jail 19
149 ’ Apr 28 162
Mch 14 1154
NOV 1743j J’n,e
4143
J nelo *151 Mch 11 /zl47i? Dec /i14934 Dec
50
Jan
381? Aug 2
5
42% Feb
55% J ’ne
88% J’ly 26 108% Mch 21
102 ~ Deo
84% Jan
88
Feb 2
85% Men
921? Jiy
91% Mch 16
111% Aug 3 145-% Jan 3
133% Feb
159% Aug
Oct 13 118% Jan 21
100
76
Mch
jan
Feb 14
122% J’ly ^
3
138% Mch 9
89
110
104% Mch 22
J’ly 26
Oct 25
130% J’ly 26
X85
Aug 24
118
11H
Mr»h
1
172% Feb 18
93i? Feb 17
J’ly .6 HOi? Jan 3
57% Jan 3
22% J’ly 26
54
j’ly 27
92% Apr 9
73
Jan
6
58 Aug 11
60
Jan
6
34% Aug 2
181? J’ly 26
54% Jan 3
51% J’ly .6
77% Jan 3
103% J’ly 26 xl38% Jan 4
18
J’ly 26
3334 jan 3
75
43
Jan 3
J’ly 26
22% J’ly 26
36% Jan 3
5%J’no 1
19% Jan 7
5% J’ly 6
1534 Jan 12
19
54% Jan 4
J’ly 26
72% Jan* 4
4234 J’ly 28
103
J’ly 26 117%Jan 3
152% J’ly 20 20434jan 3
88% J’ly 26 10334 jan 7
42% Jan 3
2334 Jne3t
J’ne3u
47
7233 Jan 8
27% Jan 3
12% J’ly 26
61
Jan
3
28% J’ly 26
40
J’ly 26
5438Mcb 12
76
Dec
67
23
Aug 15
10
3
Jan 3
Apr 28
8
4
44
J'ne5U
J’ne30
j’ly 26
23
Jan 3
13% Jan 3
Nov 2
64
loo
Mch
& 1ok
Sen
88
Mch
IK
Tlftfl
126% Feb
80% Jan
104
Feh
118
Feb
Mch
89
90
Feb
2078 Feb
67% Feb
65% Mch
36
‘ Feb
20% Feb
47% Jan
114% Feb
22
60
30
Feb
Jan
Feb
12% Dec
May
7
43
Feb
6434 Feb
97
J an
172% Feb
Mch
Feb
50% Feb
Feb
15
x94
30
41
Teb
5
J’ly
15% J’ly
6% JOy
3578 Jan
151% Sep
9978 Deo
173’% Sep
96
Aug
117% Deo
8i “ Deo
9434 Deo
Deo
74
6034 Sep
353s Deo
82
Dec
139% Aug
34
Aug
75% DeO
40% Aug
42% Jan
1538 Jan
547g Oct
74% Jan
116% Deo
219
Aug
118% Aug
47
Sep
Sep
27% Deo
6134 J’ne
77
1278 Jam
257o .Ta n
15L .fan
63% Apr
QUOTATIONS.
Banks
Bid
Ask
Mutual J
Nassau 1j„._
New Neth'd
NewYorkCo
New
York.
N'ht &DayH
19th Ward.
Northern
285
295
|
97% Jan
100% jan
107% Jan
103% Feb
82% May21
Ask
575
325
Mark’t&Ful f272
Mech&Met’s 245
Mercantile
150
Merch Exch 160
Merchants'. 179
390
Metropolis
Metrgpol ’nfl 200
Mt Morris^. 250
Mch
20
Jan 3
Jan 10
Jan 5
210
400
2
Highest
72% Mch 8
Bid
.
505
36
124%
104%
137%
119%
Irving N Ex 200
Jefferson^.. 1185
155
300
150
Feb 26
48% Feb 25
9034 J’ly 26
X97
J'ly 1
102% J’ly 26
100% Sep 6
87% Sep 10
68% Feb 7
176
Feb 8
60% J'ly 20
248
j’ly 26’
65
Aug 2
2378 J'ly -6
64% J'n«27
19
J’ly 26
40
J’ly _6
11334 J’neao
143
Sep 2
137% J’ly -6
Lowest
87
60%
*60% 62
11434 115% 114% 11434 35,550 Southern Pacific Co
26
26
11,950 Southern v tr cfs stmpd263g §26
Do pref
do
5,980
61% 61%
61% 6178
1,000 r|''exas A Pacific
*2538 25%
2534 2534
JLhlrd
Avenue
(N
Y)
370
§9%
9%
*9% 101?
9
300 loledo Railways A Light
8%
*7%
*734
1,500 loledo St L A Western._
22% 233s
23% 23%
Do pref
1,410
62% 5234
5234 52%
100 Twin City Rapid Transit
*107% no *1077s 108%
I
Tnlon
Pacific
159,950
16934 170% 169% 170
Do pref
92
92
1,000 VJ
*91% 92
900 Unit Rys Inv’t of San Fr
29
29
29
29
Do pref
300
*57% 59
59% 60
16
1,235 \\7abash
16%
*16% 1034
II
Do pref
34
2,300
343S
33% 33%
48
9,761 West Maryland Ry
48
48% 4978
Do
75 ’
pref
74
74
76 ~
2,000
6
Wheeling A Lake Erie..
*4%
5%
*4%
*60
Highest
105
10,580 Pennsylvania
1,230 Pltt«b Cln Chic A St L
119
91
Do 1st
Do 2d pref
1,000
3,960 Great Northern pref.
Iron
Ore properties..
1,410
12 Green Bay & w, deb ctfB
105
no
93%
29%
25
850 Chicago A North Western
Do pref
203
200 Chic St P Minn & Omaha 140
Do pref
§160
600 Chic Un Trac ctfs stmpd
2%
Do
4%
100
pref ctfs stmpd
Cleve
Cin
Chic
A
L
St
61
300
Do pref
99
40
700 Colorado A Southern
Do l. t preferred
70
Do 2d preferred
70
900 f^ielaware A Hudson
149%
E^e aware Lack A West. 490
700 Denver A Rio Grande
23%
Do pref
1.013
62%
800 Detroit United
45
Duluth So Shore & Atlan
10
Do pref
17
149% 14934 434,550
*87%
93%
.Southern
Central of New Jersey
12.240 Chesapeake A Ohio
150 Chicago A Alton RR____
ms
128% 128%
*96
98%
A nn Arbor
7V
Do pref
Atch Topeka & Santa Fe
Do prel
Atlantic Coast Line RR__
Oa’ttmore & Ohio
n
Do pref
Range for Previous
Year (1909)
of 100-share lots
Lowest
BANKS AND TRUST COMPANIES—BROKERS'
Banks
On basis
11,770 Brooklyn Rapid Transit5,825 ( Canadian Pacific
133
129
;463S
14
8
57
9934100
STOCKS
YORK STOCK
EXCHANGE
NEW
__
135
12S34
*734
22%
75
6
14
8
571?
*88
151% 151
148% *145
40% 40% *40
1434
no
92
29
*56
♦5
*12
*6
*105
2738
47%
34%
12234
5634
*98
92
*25
*56
48%
*74l2
no
*64
70
12
22
116% 11534
29
60
75
6
14
8
*34%
29%
67%
*98
*90
*25
*56
16
4734
7412
*136
*68
75
75
165
575
115% 116%
170% 1713s*
*5
*12
*6
57
*62%
*45%
573?
*98
*90
*98
170% 171%
74%
512
8934
*31
534
69%
100
no
110
92
29
*57
1634
34%
*130
*146
2%
1163S
170l4 17134
10%
3434
4812
26%
*
210
145
175
116
*601? 62
1151? 116%
92%
68
no
93
44
*98
*90
1497g 1513.!
29
60
*105
*88
*151
*146
41
100%
93
92
29
60
45%
143
*68
71
34% 35
*40
100
*96
*105
115% 11634
6234
26%
1014
45%
*136
151% 151%
*147% 149
61
65
39
26
62
27
32
63
112
95%
30%
2610
90%
*31
§35
47
*136
*68
90
GO
*60
39
26
*601?
*8934
§63
179%
2634
54
132
150
*130
*146
90%
32%
3134
65%
*62
1433, *142
140
*137%
63
47
143
72
35
15018 151%
30!8
62
32
*62%
63
14334
*
150
*8934
32%
90
95
63
40
64
1313g 1313s *130% 132
*146
90
32
63
47
145
383S
27%
*46
54
32%
1793s 1803*
*62
67
144% *143
2634
54%
313«
66%
138
64%
19%
54%
19%
*73
1777c 1807c
*631? 65
801?
27%
66%
22%
145% 145%
*141% 142%
77%
32%
280
121% 122%
*73
169% 170
*54%
*260
*18
*y2
*6
91%
751?
1933g
*641? 72%
19
321?
138
89
95
16%
3438
19%
5334
140
62
114% 114!o
25
25%
19%
5434
1834
64 '
1441?
95
(ill?
*60
61
61
*2%
*5%
6%
66!2
14434
14914 15D4
89
381?.
25%
*2412
*107
1777g 181%
*136
145
71
711? *68
35
35%
34*4 34"8
1123g 113%
11U2 113
*64
*631** 68
68
*101
110
*100
no
*88
Q4
*88
93
151
15014 151U 151
14S1?
*145
149%
42%
4U4 4U2 *40
10034 IOP4 IOOI4 101
*85
90
90
§90
11534 II6I4 116 116%
*98
*98
no
no
*90
*90
110
110
*100
*98
110
110
129
12912 129% 129%
98
9834
97% 97%
nos
119
*100
112
*136
*69
3512
*101
*87
*150
*8912
31*4
*62
67
20
45
*15
13212 *12912 13U2
II2I4
*534
33
313s
1807s I S 13 (
*64*4
112
*2%
6%
65%
77%
*37
*3412
3%
104%
114
105
*89
75
193
44
*180
*137
*160
210
145
175
4
114
122%
142% 142% §142
2034
56%
1834
*73
_
1803c 1807*
64% 6610
*62
46
*136
*68
44
122
*145
35
70
99% 10038
102% 102%
691? *65
*65
69% *65
*98% 100
*98% 100
*98% 100
*98%
*98%
*57
57
5834 5834 *56
56% 67
*56%
*72
75
*72
*72
*72
75
75
*72
*70
*70
75
*70
75
*70
75
*70
164
164
*163
165
165%
164%
16234 16234 *16234
*490
*490
*490
575
*490
575
575
575
*490
29
29
2918 2912 *28% 30
*28% 29% *27%
70
6912 6'j7g
72%
7014 70% *70
70% xG7%
68
68
68
*63
67
70
*67
*07% 70
*10
12
*11
12
*10
*10
12
*10% 12
*21
22
22
22
*20
22
*20
*20*3
*2U4
28
28l4
283g
28%
2734
28% 283g
2734
27%
4 612 47%
*46
45
46
47% *4534 47
*45%
35
*34
35
35
35
3412 35
35%
34%
12314 12414 123% 1248S 123
123% 12234 12234 122%
*57
58
573S 571?
66% 56%
5712 58
5634
*14
143s 143g
14% 1412
14% 14% *1434 15
*89
*89
*89
*
*
*
96
9412 *
9578 *
♦ 125
135
135
*125
135 ” *125
*125
135
*123
*1301? 134
133
*13012 133 *130% 133 *130
*130%
65
100
53
75
75
*37
*8934
3U2
146
*180
*138
*160
210
145
175
*25
*65
80%
66%
21%
Sales 0!
the
Week
Shares.
UaiL'oads
32
*
22
146
*6434
27
*47
*129
*146
*27
66%
22
280
80%
81%
32
*_
Dec. 23.
30
70
*260
280
8034
Friday
22.
101% 100% 101
102% §102% 102%
114
116
115%
105% 105% 106%
91
*89
91%
75
76%
75%
194
193% 194
72% *64% 72%
*44% 45%
12234 123
67
20
*143
138
75%
19334
*64%
*27
66%
22l2
22%
*15
*14
10538
*89
813s
*25
*65
30
70
*265
280
Dec.
1233s 123%
*2-r>8
77
31
67
20
*6434
IO6I4 106%
9U4
763g
19414 195
*64I2 721?
*25
*65
101
*102
116
21.
12334
210
*6
65
116
*89
76
142*2
142
*180
140
*160
142
210
*2%
*6
*64
2212
4514
Dec.
30
70
116
Thursday
Wednesday
1013s 10l7fi
102i2 102l2
7412 7534
19334 19514
*62
72l4
*260
280
*25
*65
91
91
91
74% 7438
19312 193%
*62
70*2
*260
30
70
10H8 I0178
10238 ip:%
11534 117
IO6I4 106%
1011R
115
106
*89
Dec. 20.
*25
*65
70
10212 102%
♦
19.
Dec.
30
*25
*65
101
Monday
Tuesday
PAGES
425
330
255
157%
167%
240
210
900
315
225
250
__
Pacific^)....
Park
181
410
People’s Vi
205
260
PlazaH
Phenlx
....
230
220
Bid
240
255
a?ked pnces; no sales were made on this day. $Ex-rignts. 4 Less than 100 shares, estate oanks. a Ex-dlvldend and rights. 0 New stock,
tSale at Stock Exchange or at auction this week,
h First Installment paid,
n Sold at private sale at this price,
z 2d paid.
v 3d paid.
As*
107ii
..
....
325
230
260
105
t352%
205
625
Banks
Prod Exch T1 160
Reserve
115
seaboard
400
Second
400
Sherman
135
State 1] .... 275
12th Ward.
23d Ward..
140
Union Exc. 172%
Wash H’ts V\ 276
West Side ll 660
Yorkvilie U. 600
425"“
140
"
182'i
1692
THE CHRONICLE
Bankers' ©alette,
rztzj
Wall Street, Friday Night, Dec. 23 1910.
The Money Market and Financial Situation.—Business in
Wall Street has been chiefly
interesting on account of a larger
investment demand for bonds.
At the Exchange the trans¬
actions in this department have exceeded all recent records
and prominent bond houses
report an inquiry at the counter
such as has not been seen for
At the same
many months.
time the market for shares has been
unusually dull
featureless.
anc
iVoi..
lxxxxi
Tennessee settlement 3s at 95% and $19,000 Virginia
6s,
deferred trust receipts, at 42 to 45.
The market for railway and industrial bonds
has, as noted,
above, been more active. In some cases quotations are
farctionally higher and in others lower; but in no case does
the net change exceed a point.
The increased transactions
quite generally distributed
large number of issues.
There have been no special features worthy
of mention.
Central of Georgia incomes have continued
relatively active
and steady. Some of the industial issues have been in
request,
including United States Steel, Central Leather, Bethlehem
are
throughout the list and include
a
by the Circuit Court Steel and American Tobacco.
United States Bonds.—Sales of Government bonds at the
practically put out of business the
Temple Iron Comj a ay, was followed by a little more interest Board are limited to $1,000 3s coup, at 102%. The
following
in the anthracite coal shares; but an advance of the
Lehigh are the daily closing quotations; for yearly range see third
Valley divid nd ate seems to have been previously dis¬ page following.
counted.
mi
Otheris.) there is nothing new of importance
Interest
Dec.
Dec
Dec.
in the
Dec.
Dec.
Dec.
Periods
17
19
20
21
22
23
general siluation. The Bank of England reports the usual
loss of reserve incident to the
season, a matter which, as is 2s, 1930
.registered Q—Jan *100 54 *100*4 *100 54 *100 54 *100*4 *100 54
well knowm, will speedily adjust itself with the
1930.
coupon Q—Jan *100 54 *100 54 *100 H *100 54 *100 54 *100)4
opening of 2s,
3s,
1908-18.
.registered Q—Feb *102
*102
*102
*102
*102
*102
a new year.
There is, as yet, no unusual demand for funds 3s, 1908-18
coupon Q—Feb *102
*102
*102
*102
102 M *102
in the local market, such as often develops
4s, 1925
registered
*115
Q—Feb
H
*115)4 *115)4 *115)4 *115 )4 *115)4
during the holiday 4s, 1925
.coupon Q—Feb *115)4 *115)4 *115)4 *115 H *115)4 *115)4
period. It is reported that the banks have gained through 2s.
1936.Panama Canal regis Q—Feb *100 H *100)4 *100)4 *100 H *100)4
*100)4
transactions with the sub-Treasury this week, and there nowr
ieems no likelihood of any
This Is the price bid at the morning board; no sale was made.
stringency, or sharp advance in
rates, as the year draws to a close.
Railroad and Miscellaneous Siocks.—The general charac¬
The open market rates for call loans at the Stock
Exchange teristics of the stock market are such as frequently obtain
during the week on stock and bond collaterals have ranged at this season. The volume of business
diminished day by
from 2% to 3%%.
To-day's rates on call were 3@3%%. day until reduced to 114,500 shares
to-day, the smallest in
Commercial paper quoted at 434@4%% for 60 to
90-day recent years, and prices have fluctuated narrowly through¬
endorsements, 4%@4 %% for prime 4 to 6 months' single out the week. The market was
strong in tone on Monday
names and
5@5%% for good single names.
and during the early part of
Tuesday, when the highest
The Bank of England
weekly statement on Thursday quotations of the week were recorded, and
although the later
showed a decrease of bullion of £2,224,140 and the
percentage recession had little force, closing prices are in a majority of
of reserve to liabilities was 46.35,
against 50.01 last week.
cases fractionally lower than last week.
The rate of discount remains unchanged
at 4%%, as fixed
Reading has been the most active feature. It advanced
Dec. 1.
The Bank of France shows an increase of
2,275,000 over 3 points, and other anthracite carriers were notably
francs gold and 50,000 francs silver.
strong on the recent judicial decision mentioned above,
NEW YORK CITY CLEARING-HOUSE BANKS.
which was favorably interpreted.
Lehigh Valley has covered
a
range of nearly 4 points and closes with a fractional net
1910.
1909.
1908.
change. Interboro-Metropolitan has lost a part of the
Differences
Averages for
Averages for Averages for
week ending
advance noted last week, although its
week
from
week ending
ending
prospective interest in
Dec. 17.
Dec. 18.
previous week.
Dec. 19.
new
subways seems to be increasing.
American Beet Sugar has been the strong feature of the
$
$
$
S
Capital
133,350,000
127,350,000
126,350,000
industrial list, selling over 9 points higher than
Surplus
early in the
196.577.100
180,024,400
165,447,700
month and 4% points higher than at the close last week.
Loans and discounts
1,221,071,300 Dec. 13,063,300 1,191,041,000 1,315,980,100
Circulation
48,490,100 Inc.
6,500
52.755.500
Central Leather has been exceptionally
46,612,100
Net deposits
strong. Distilling
1,181,544,400 Dec. 13,195,900 1,172,713,200 1,368,912,400
Securities advanced 2% points and holds a large part
U. S. dep. (incl. above)
1,690,200 Inc.
21,700
1,725,800
10,295,500
of the
Specie
234,609,000 Dec.
910,600
232,991,500
272,848,200
gain. The U. S. Steel issues have been steady on unfavor¬
Legal tenders
Inc.
A formal eniry|of the recent decision
of Philad* lphia, which
.
.
.
*
.
..
67,676,700
Reserve held
25% of deposits
ESurplus
852,400
70.630.500
79,389,600
58,200
3,298,975
303.622,000
293,178,300
352,237,800
342,228,100
6,899,600 Inc.
3,240,775
10,443,700
10,009,700
7,322,150 Inc.
3,246,200
10,875,150
12,583,575
■
302,285,700 Dec.
295.386.100 Dec.
reserve
Surplus, excl. U.S. dep.
able trade
daily volume of business see page 1702.
following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
STOCKS.
Week,
Note.—The Clearing House now Issues a statement weekly showing the actual
condition of the banks on Saturday morning as well as the above averages.
These
figures, together with the returns of separate banks, also the summary issued by the
State Banking Department, giving the condition of State banks and trust com¬
panies not reporting to the Clearing House, appear on the second page preceding.
Foreign Exchange.—Operations
were
on a
limited scale
reports.
For
The
ending Dec. 23.
Sales
Am Brake Shoe & Fdy..
Batopilas
Mining
Detroit Edison
Keokuk & Des Moines..
Lake Shore & Mich Sou.
New York Dock, pref
North Ohio Trac & Lt._
Range for Week.
for
Week.
Lowest.
300 88
300 §2)4
100 106
100
6
15350
215 67 54
Highest.
Dec 19 90 )4
Dec 20 §2)4
Dec 21 106
Dec 19
6
Dec 21350
Dec 20 68
Dec 23
Dec 17
Range since Jan.
Lowest.
8354
§2
Dec 21 106
Dec 19
4
Dec 21 350
Dec 23
65
Oct
Sept
54
1.
Highest.
91H
§3)4
Dee 106
9
July
Apr 375
Dec 86
Feb 40)4
Feb 44
July 55
Feb 40
July 91
Feb 80
Nov
Jan
Dec
Jan
Apr
to-day, but the undertone was quite firm.
1,200 39)4 Dec 22 40)4 Dec 23 35
To-day's (Friday's) nominal rates for sterling exchange Rutland, pref—
50 35
Dec 19 35
Dec 19
28
St Jos & Gr Isl, 1st pref.
200 50
were 4 83 for
Dec 20 50
Dec 21
45
sixty day.and 4 86 for sight. To-day's actual
2d preferred
450 40
Dec 21 40
Dec 21
38
rates for sterling exchange were 4 8240@4 8250 for
sixty South Porto Rico Sugar. 100 xOO Dec 22x90 Dec 22 81
10 60
Dec 23 60
Dec 231 60
days, 4 8540@4 8550 for cheques and 4 8580@4 8590 for Vulcan^Detinnlng, pref.
cables.
Commercial on banks 4 Sl%@4 82 and documents
for payment’ 4 81%@4 81%.
Cotton for payment 4 81 @
Outside Market.—The holiday spirit prevailed in the
4 8134 and grain for payment 4
“curb” market as elsewhere, business in outside securities
81%@4 81%.
To-day's (Friday's) actual rates for Paris bankers' francs aeing at a standstill. Prices moved within the narrowest
were 5 223^ less 1-16@5
22% for long and 5 20 less 3-32@
imits, the close to-day being very little changed from
5 20 less 1-16 for short.
Germany bankers' marks were the beginning.
British Columbia Copper, due to divi¬
94%@94 7-16 for long and 95@95 1-16 less 1-32 for short. dend expectations, was in demand, and after a decline from
Amsterdam bankers’ guilders were 40 24@40 26 for short.t
7% to 7 sold up to 7%, the close to-day being at 7%. Chino
Exchange at Paris on London, 25f. 26 %c.; wreek's range, went up from 21% to 21% and down to 21
? finishing to-day
25f. 27 %c. high and 25f. 26c. low.
at 21%.
El Rayo advanced from 3% to 4% and eased off
Exchange at Berlin on London, 20m. 43pf.; week’s range, i;o 4. A quarterly dividend of
7%%. has been declared.
20m. 44%pf. high and 20m. 42 %Pf- low.
Greene Cananea fell from 7 to 6% and recovered to
6%.
The range of foreign exchange for the week follows:
Inspiration advanced from 8 15-16 to 9 1-16 and sank to
Sterling, Actual—
Sixty Days.
Cheques.
Cables.
Miami moved up from 19% to 19%,
8 13-16.
High for the week
4 8254
dropped to
4 8555
4 86
Low for the week
4 82)4
4 85)4
19% and closed to-day at 19%. Ray Central weakened
4 8560
Paris Bankers’ Francs—
:'rom 2 1-16 to 1%, the final quotation
to-day being 2. Ray
High for the week
5 22)4
5 20 less 1-32
5 19 54 less 1-16
Consolidated improved from 18% to 19, but declined to
Low for the week
5 22less 3-32
5 2054 less 1-32
5 20 less 3-32
Germany Bankers’ Marks—
18% and finished to-day at 18%. La Rose Consolidated
High for the week
94 7-16
95 )4 less 1-32
95 3-16
went up from 4% to 4 9-16.
Low for the week
94 54
Mines Co. of America gained a
95 less 1-32
95 1-16
Amsterdam Bankers’ Guilders—
joint to 6 and closed to-day at 5 13-16.
A quarterly divi¬
High for the week
40 1-16
40 27
40 32
dend of 2%% has been declared.
Low for the week
40
40 23
Trading in miscellaneous
40 28
American Tobacco rose
The following are the rates for domestic exchange at the securities broadened somewhat.
Intercontinental Rubber lost over 2 points
undermentioned cities at the close of the week: Chicago, 4 points to 414.
to 32 and closed to-day at 32%.
Standard Oil gained about
5c. per $1,000 discount.
Boston, par. San Francisco, a
point to 617 and ends the week at 616. A feature in bonds
60c. per $1,000 premium.
St. Paul, 85c. per $1,000 premium was
the initial trading in Southern Bell Telep.
St. Louis, 10c. per $1,000 premium.
5s, which
Savannah, buying, weakened from 96%
to 96%, sold up to 97 and reacted finally
3-16c. per $1,000 discount; selling, par.
Charleston, buying, to
96%. Western Pacific 5s rose from 92% to 92% and re-,
par; selling, l-10c. per $1,000 premium.
Montreal, 15%c. acted
to 92%.
Amer. Smelters’ Securities 6s, “w. i.,” sank
per $1,000 premium.
from 101% to 101.
American Writing Paper 5s gained a
State and Railroad Bonds.—Sales of State bonds at the
point to 90.
Board include $3,000 New York Canal 4s at
Outside quotations will be found on page 1702.
104%, $1,000
.
Mch
Dec
Nov
Jan
Feb
Dec
Jan
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
STOCKS —HIGHEST AND LOWEST SALE PRICES.
Saturday
*25
*65
101
70
79~8
30
10138 10178
102*2 102*2
116
1065s
91
91
91
74*0
75*4
106*4 106*8
91*4
763s
194*4 195
*64*2 72*2
280
19334 195*4
*62
72*4
*260
8034
30
142
210
145
180
280
*260
81
8134
31
*27
8034
*27
*._
66*2
22*2
45*4 4 5*4
123
12334
142
180
140
*160
142*2
210
140
170
*258
3*2
7*2
*72
*70
*163
*490
*27*2
69*2
67
*10
*20
27*4
45
*33
*123
*56
*11*2
46
*180
*138
*160
76*4
19334 194
*6412 72*2
8034
*44*2 45*2
12234 123
146
146
__
*125
*13012
20&s
5534
1734
31*s
*74
31
*6434
*14
*37
*2*s
*534
3*2
*47
*129
*146
*8934
31*2
*62
46
*136
*68
*34*2
112
*64*4
*101
*87
*150
2738
2734
28*4
2838
2834
45
45
46
35
46*2
47*4
*46
35
35
*34
123
*57
34*o
123157
34*2
123*4 124*4
573S 5712
14*2 14*2
1434
94*2
135
132
28*8
123*2 12438
5712 58
1438 143S
*
*125
307s
*64*4
*15
*37
144
138
66*2
144
*135
27*2
27*4
*47
54
150
*146
*89*2
3134
90*8
31*2
63
46
145
72
*62
46*2
*136
*69
35*2
112*4
*64
*101
110
110
no
129
100
112
*60
*37*2
*24*2
38*2
25*2
61
*88
25*2
*2434
2534
10*2
7*2
2238
►
*98
*90
*100
129
98
*105
62
52*4
*107
no
16934 170
*92
*25
*56
16
34
4734
*73
*5
*12
*6
*54*2
*260
280
8OI4
§27l4
+
*2U2
44
so*?
27*4
66l2
22*4
44
121*2 122*4
142
14518 14512
*14U2 142*2
210
145
175
*180
*138
*160
*2*8
4
210
145
175
2*8
258
534
69*2
28*g
47*8
35*?
123*4
58
14*2
14*2
140
*45
54
90*8
32*s
63
47
145
93
29
60
163s
34*4
4734
74*2
5*2
14
8
57
fills
*60
383S
135
133
19*8
5334
1978
54*2
*18
19
77*?
313s
66*2
*73
7712
31*2
*6434
32
67
20
*15
*37
20
40
*6134
*14
*37
27*2
*46
32*2
*8934
145
71
*63i2
*100
*88
151
68
no
93
151
*136
*68
63
47
143
72
§35
35
47
§90
11634
116
*98
*90
*98
no
no
110
129*s 129*8
97l2 97*2
*100
112
150*8 151*4
90
95
90
2934
60
*60
39
26
*60'-
95*2
30*s
61
65
39
20
62
26*2
6234
26*4
10*4
63*8
26*4
10*4
*40
100
8
8
8
22*4
51*2
2234
22*2
52*2
2234
52*2
63
*136
*68
341-
41
4734
74*2
*5
*12
*6
57
29
60
*25
*56
1163.8
12S34
*96
*105
no
110
110
129
1634
1634
34*2
48*2
*74*2
3434
48*2
75
6
14
8
*5
*12
*6
*54*o
14978 1513.1
91
96
*59
*60
39
62
29's
64
98U
*18
32I4
*73
3134
6512
*14
*37
195s
5414
1834
3238
7712
32
651?
20
45
57*2
25*s
26*2
6234
2534
26*2
6234
25's
*9*2
*734
2234
10*9
9
*6214
*4514
*34I2
29
60
16*2
165g
34
34*4
4758
74*s
48
*5
*12
*6
*54*9
6
14
8
75
9978 100
1151o 11534
*98
105
*90
no
128*2 12812
98*2
*96
34
48
74
*412
640
1,200
2,860
Lowest
253
2914
91
93l2
2914
62
66
39
26
601-
11412 11434
26
§26
6178
2534
*912
*712
6178
2534
1012
81?
23*4
A nn Arbor
f'l
Do pref
Atch Topeka & Santa Fo
Do pref
Atlantic Coast Line RfL.
Oa'tlmore & Ohio
Do pref
11,770 Brooklyn Rapid Transit5,825 / Canadian Pacific
V 'anada Southern
Central of New Jersey
12,240 Chesapeake A Ohio
150 Chicago A Alton RR.„.
9,805 LMe
Do 1st pref
2,616 Li
Do 2d pref
1.000
3,960 Creat Northern pref..
Iron
Ore properties..
1,410
12 Green Bay A \V, deb ctfB
I Tavana
1JL
Do
pref
7,400 lnterboro-Metropolltan
Do pref
14,110
1,230 Iowa Central
Do pref
1,600
C Ft S A M tr cfs, pref
City Southern._
Jvansas
2.000
.
New York
ketna
Vmerica !!__
kmer Exch.
Audubon
Battery Pk_
Bowery T|
BrenxBoro!i
Bronx Nat
Bryant Pk !j
Butch & Dr
Bentury !]__
phase
.....
Hid
Banks
175
595
Chatham
Chelsea Ex1l
Chemical
Bid
__
2321?
115
125
375
300
190
165
138
170
430
180
605
240
125
__
Citizens’ Ctl
City
^
200
160
145
175
45!)
Coal & Iron
Colonial H__
310
190
422
150
f387
153
400
29
69*2
59
1634
16
343S
335s
48*4
75
512
*412
*12
*6
*55
Banks
FI 1th
First
200
14th Stfl...
427
1571- Fourth
Gallatin
Garfield
158
Ask
...
Germ-Am
Columbia T).
Commerce
tl95
405
3 OS
115
165
4000
315
.
Corn Ex D._
East River.
Fidelity D..
Hfth AveT|.
125
175
4250
Do pref
100
T ake Erie A Western
JLi
Do pref
1.000
1VI anbattan Elevated
l*JLinneapolis
A St Lou's
Do pref.
100 Minn St P A S S Marie...
Do pret
Do leased line ctfs._._
200
2,000 Mo Kansas A Texas
Do pref
50
1,500 Missouri Pacific
\Ja*h Chatt A St Louis.
at Rys of Mex 1st pref
Do 2d pref
1,580
29
60
1618
3368
4978
76 "
6
14
8
57
Do 1st pref
Do 2d pref
10,580 Pennsylvania
1,230 Plttrb Cin Chic A St L
400
800
7,350
1,700
Do pref
1 > eud[ng
R
1st pref
2d pref
Rock Island Company
Do pref
400 St Louis Southwestern
Do pref
1,100
35,550 Southern Pacific Co
11,950 Southern v tr cfs stmpdDo pref
do
5,980
1,000 r|''exas A Pacific
JLhlrd
Avenue
(N
Y)
370
300 loledo Railways A Light
loledo St L A Western._
Do pref
Twin City Rapid Transit
I [nion Pacific
D
Do pref
900 Unit Rys Inv’t of San Fr
Do pref
300
1,235 \\Jabash
Do pref
2,300 * f
9,751 West Maryland Ry
Do
pref
2,000
...
Wheeling A Lake Erie
Do 1st pref
Do 2d pref
600 Wisconsin Central
t]
Germ’n Exfl
Germania I).
Gotham
...
Greenwich
^
Hanover
Imp & Trad
Bid
Ask
Banks
350
Irving N Ex
150
155
265
620
565
Nov
6
Apr
148
7434 Apr
781 g Mch
373.
643 j
Dec
Deo
tisn
J’lv
Dec
73^ Dec
7
Jan
31-
Jan
68
Jan
inn
51
76i»
Oct
Jan
73*J Jan
84i2
Jari
680
54
28*2
1365s
Jan
Jan
Apr
Apr
Feb
7134 Aug
21" Jan
3gio Jan
90
39
"J’ne
5034 Aug
Mch
Feb
Aug
1577s Aug
88*- Aug
21
“ Dec
1 iv-i
Den
18i8 Mch 22
Meh
131-Nov
97*
Apr 14
vu
Feb
99
Jan
8318
Feb
65*8
Oct 4
147
Jan 5
251- Jan 11
May
86
206 ‘ May
Feb
Jan
Nov
Feb
Mch
36*? Mch
4
Deo
Mch
68*4 Jan
16734 Feb
56
14*4
28
22&S
3
4
18*4 Jan
83 U
105
535
371*8
7912
8
Aug
167
Jan
ikki-
46
140
a
Feb
137
t>278 Jan 12
115s
Mch
Mch
Nov
3
3
48
Aug 2
54i4
Jan
3634
2634
Sep
80
7434
Feb
J'ne^O
Dec S
Feb 18
7
J’ly 1
1311- J’ly 26
J’ly 26
J’ne 6
60
8234 Apr 28
’ Apr 28
Feb
50*4 Aug
6778
1912
T eb
Feb
75l2 Aug
29*2 A**2
6478 J’ne
Jan
48
Men 3
Jan
Jan
Jan
3
1IS
Dec
Sep
5
5
3512
May23
65
1221-
71
Jan
481IPO
IQ
7k1j
Mch 14
Meh 11
Jan
1154
/il47i-
5
Mch 21
Mch 16
1303s J’ty 20 172*4 Feb 18
Aug 24
93i2 Feb 17
J’ly 16 lU)i?Jau 3
2278 J’ly 26
57i4Jan 3
54
921- Apr 9
J’ly 27
73
Ja'n 6
58 Aug 11
60
341- Aug 2
Jan
6
341- Jan
181- J’ly 26
3
771-Jan
3
5U2 J’ly -6
10314 J’ly 26 xl38i4Jan 4
18
J’ly 26
3334 jan 3
75
43
Jan 3
J’ly 26
22'2 J’ly 26
3634jan 3
5'? J’ne 1
19*2 Jan 7
512 J’ly 6
1534 jan 12
19
J’ly 26
5438 jan 4
72i4jan 4
4234 J’ly 28
103
J’ly 26 H7D Jan 3
152*4 J’ly 26 20434 jan 3
88*4 J’ly 26 10334 jan 7
42i4Jan 3
2334 J’ne30
J’ne3i
47
7233 Jan 8
2734 Jan 3
i2h J’ly 25
61
jan
3
28i8 J’ly 26
40
j’ly 26
543sMch 12
76
67
Dec 23
Aug 15
3
10
Jan 3
Apr 2b
23
Jan
131- Jan
44
J’ly 26
64
3
3
Nov 2
65
Jan
on
Jan
149I2 Jan
Deo
5012
Oct
7712
Aug
Feb
Jan
Mch
Feh
78L Oct
“ Deb
Dee
26&s May
142
64
14734 Aug
Nov
69
Apr
Nov
1743^ J’ne
Dec /il4934 Deo
McU
Meh
Mch
Meh
126*8 Feb
104
118
89
90
A**8
Jan
y4
Feb
86i? Jan
Feh
10458Mch22
J’nejo
J'ne30
sale
15312
Deo
Feb
42i4 Feb
84*4 Jan
76
100
88
3
138'2 M^sh 9
8
4
Apr
71i2
1621-
J iy
133*4 Feb
Jan 3
Jan 21
Jan
Mch
Jan
4412 APr
21
Dec
120i2 Feb
0878 Nov 3
98
Jan
1321147 ~
89
l<)93jJan 21
]62
Jan
Jan
140 Nov 3
723s Nov 3
371- Nov 14
128
Mch 9
Jnelo /il51
50
Aug 2
J’ly -9 I08\s
Feb 2
91i4
Aug 3 145*8
Oct 13 U834
105
Feb 14
1221- J’ly 26
89
J’ly 26
ll n
Oct 26
Sep
37
4
9234
ll's
7458
735s
J’ly 26
J'iy_G
J’lV 26
J’ly -6
6355 Deo
Apr
Apr
36
62
82
3
145
s86i4 Sep 20
2578 Deo
4414 Jan
15934 Jan 5 xl21
146
Oct 6
137
6334 Jan 4
51
80
Feb 24
si
J’ne 30
J’ly 26
SeD 21
irvIo Auflr
71
2&34 Jan 5
623.J Jan a
l88 NOV28
”7014 Apr 14
60
57
41
125
Sep
Deo
165*8 Sep
isi ” Aug
173*8 Feb
198*2 Aug
4
^ Aua
mo
Mch
208
Jan
27
70*4 Nov
3231*
9114
Feb
Mch
Feb
207s Feb
67&8 Feb
65*4 Mch
Feb
36
550^ J’ne
102
~ Deo
Q91«
J'lT
159*2 Aug
t1n«
151*4
9978
116*4
17338
Sen
Sep
DeO
Sep
Sep
96
Aug
H7I2 Dee
8i “ Deo
9434 Deo
60i4 Feb
' Deo
6034 Sep
35**8 Deo
82 ” Dec
139*8 Aug
34
Aug
75*2 Deo
40*2 Aug
42*2 Jan
1538 Jan
547s Oct
74*4 Jan
116*4 Dee
219 ' Aug
118*2 AUg
Sep
47
77
Sep
15
41
Feb
Teb
2778 Dee
6134 J’ne
5
J'ly
1278 Jaa
1514 J’ly
6*? J'ly
357s Jan
637*' Apr
20i2 Feb
4712 Jan
11458 Feb
22
60
30
Feb
Jan
Feb
1214 Deo
7
May
43
Feb
6434 Feb
97
J an
172i2 Feb
x94
30
Mch
Feb
74
1Mb .(an
QUOTATIONS.
Bid
Ask
Banks
BUI
Ask
Banks
Bid
Ask
210
285
295
240
210
900
167i|
220
16712
Pacific!]....
Prod Exch !1
Reserve
seaboard
Second
Sherman
State !|
I
12th ward.
23d Ward..
Union Exc.
Wash H’ts !)
West Side 11
160
256
1571-
Mutual !]
Nassau 1j„__
New Neth’d
NewYorkCo
New York.
N’ht &Day!i
19th Ward.
Northern
Manhattan!]
400
325
Vlark’t&Ful 1272
Mech AMet’s 245
Mercantile
150
Merch Exch 160
Merchants'. 179
Metropolis !] 390
Metropol ’nfl 200
Mt Morrts!]. 250
.
565
Feb
Jan
Oct
J’ne
14312 Aug
122*4 J 'ly
200
Jefferson^.. 1185
Liberty.... 575
197*2 Lincoln....
335
300
150
96
Apr
8278 J’**e
I89^a Oct
31*2 Oec
58S4 Dec
4 Feb
15gl- Mch
x85
87
Clt L A San Fr, 1st pref
Do 2d pref
1,490 O
Nov
Jan
Mch
30
....
JL
91
Mch
141
5234 Mch 8
801- Jan
12538
10G34
5778 Feb
Men 4
Jan
6
185 Jan 3
620
Meh 21
52
Jan 3
84
Jan
3
68 Dec 19
l»34 jan 3
34^s Ja n 4
3458 Jan 5
l4378 Jan
Jan
70
81
Mch
97 78
2:5
55&s
8.1
42
26
60*4 Jan
4
7
3
162*2 Feb 23
§ 170i4 Feb 18
538 Jan 4
1214 Jan 4
9214 Mch *8
104 Jan 15
0534 Feb 25
20
17314 L)ec
149
Jan
Mch
J’ne 30
J’W 26
Subscription receipts z.. 4143
38'800 N Y Ontario A Western.
88*2
14,900 Norfolk A Western
Do adjustment pref
88
75
111112,825 Northern Pacific
I)aclflc Coast Co
100
300
840
195
325
290
140
485
550
150
255
610
555
225
Feb 3
231- J’ly 26
N
A
Hudson..
Y
Central
105*8
J’ly -9
8,900
N Y Chic A St Louia
5510 May 4
Do 1st pref
§101 J’ly 8
Do 2d pref
600 N Y N H A Hartford....
Jan
Jan
0634 Jaa 3
Apr 1
J 'ly 26
Aug 2
123
23
40
114
144
Jan
20
67
zl65
3678 J an 3
64i8 Jan 10
1583s Jan 3
172i4 Jan 3
182i2Jan 3
J’ly 26
J’ly 26
3714
170,270 Lehigh Valley.
1,300 Long Island
1,900 Louisville A Nashville...
500
15
25
68
23
68
15
425
330
225
325
230
250
260
230
105
240
__
181
410
Park
205
260
Phenlx
People’s !1
Plaza!]
•Bid and asked prices; no sales were made on this
day. $ Ex-rights. $Lesstbaa 100 shares. !|State nanks. a
fSale at Stock Exchange or at auction this week,
li First Installment paid,
n Sold at private sale at this
;
Highest
100*4 Jan
10712 Jan
1031- Feb
99
J’ly 26
1414
41*2
7o
312
92
Apr .5
Dec 23
Sep .8
Nov 1
Sep 14
J ’ly -6
J’ly
Aug 1
J’ly 26
J’ly 26
J’ly 26
J’ly 26
J'lyn
J'ly 1
J’ly 26
1'J12 j ly :6
35
J’ly -7
26*4 J’ly 27
lis
J’ly -6
45
J’ly e
11
Aug 10
May
2
2023s Nov 1
J 110 27
Apr 28
a
Mch
94
Jan
7
82*8 May21
Aug 2
2‘Ms J’ly -6
64*8 J'n.e.7
19
J’lv 26
40
J’ly -6
11334 J’neao
143
Sep 2
13714 J’ly -6
IO2
124
Central
BANKS AND TRUST COMPANIES—BROKERS’
Banks
Lowest
72*2 Mch 8
124*8 Jan 3
104i4 Jan 10
137*2 Jan 5
310*8 Jan 8
9312 Nov 17
Hocking Valley
1 hlnois
3o
65
881' J
El ectrlc
1,500
2314
233s
62*4 5234
1,410
52*8
100
no *1077s 10812
17012 169*2 170 159,960
92
92
1,000
92
14
8
57
Range for Previous
Year (1909)
Highest
25 Feb 26
481? Feb 25
9034 j’ly 26
J ’ly 1
r97
102*2 J’ly 26
190*4 Sey 6
87i4 Sep 10
68*2 Feb 7
176
Feb 8
60*2 J’ly 20
748
j’ly 26
L>o pref
770 Chic Gt Wes, trust ctfs_.
Do pref trust ctfs____
400
8,000 Chicago M’lw & St Paul-.
Do pref
2,029
850 Chicago & North Western
Do pref
203
200 Chic St P Minn A Omaha 140
Do pref
§160
Js
600 Chic Un Trac ctfs stmpd
Do
100
47s
pref ctfs stmpd
Cln
Cleve
Chic
A
L
St
61
300
Do pref
99
46
700 Colorado A Southern
Do let preferred
70
Do 2d preferred
70
I
Delaware
A
Hudson... 14914
900
A^eiaware Lack A West- 490
23*4
700 Denver A Rio Grande
l>o pref
1,013
62f>8
800 Detroit United
45
Duluth So Shore A Atlan
10
Do pref
17
149*4 14934 434,550
48
74
*12
*6
*5419
11,261
119
29
*5712
*16l8
On basis of 100-share lots
195
*98
*38
*25
*60
75
57*2
41
38*2
29
167S
148*2
*60
*62
22's
35
68
no
93
151
61L
65
26
461?
not?
*59
*60
*0O12 62
11434 1151?
26
26»8
6P4 6U2
*2538 25's
§912
912
*734
9
32
63
7178
*87*2
9312
*25
8934
143
*136
*68
14933 1503g
*875s 91
9334 9334
29I4 29*-
227s
35
57*o
8934
*31
112
3812
*601- 62
1151- 116*8
48*?
116*4
no
no
no
*96
*105
40
*56
6
14
8
143
71
35
12814 12834
112
*87&s
*9312
29r»s
II5I4
*98
*90
*98
98*2
29
29
60
45'8
9934 100
52*4
52
5234
5234
109
*107
108*2 108*2 *107
109
*107*8
170*4 17134 170*8 171~8 170*8 1713$ 16934
92
92
92
92
92
92*s
*9114
16*2
343s
1912
5414
no
*64
*105
*105
no
*88
*88
93
*151
15H2 151
*146
14812 *145
405g 405g *40
100*8
116
*98
*90
*98
27
8
32
45'8
no
93
25*8
115*8 11634
90*8
*31
Range Since January 1.
NEW YORK STOCK
EXCHANGE
*123
135
*13019 133
1123S XIIOI4 1105s
*63*2 68
*6312 68
*87
101
90
*S934
STOCKS
the
Week
Shares.
957s
-
§63
112
*100
42<s
100*4
26*8
60*4 62
1143s 11558
2ft84 27*2
62*8 63's
2534 26*4
1038 103S
90is
32*8
151*4 151*4
149*2 *147*4 149
*.
*40
62
63
40
32
*62*4
35*2
11238 113*4
26
29
*57
32*9
*
271->
265s 26'>s
2634 2634
*
*
54
54
53
132
132
*130
132
*130
*146
150
150
*146
150
-
*146
47*s
*68
35
149*4 151*4
3034
95*8
*-_-_
*125
*130
*73
*30
67
20
45
2714
*4512
.
77*2
31*2
63
*136
9834
30*s
35
33
32*s
47*8
129*2
89
95
*89
35
*32
150
90
*62*4
no
no
no
89
95
*89
28
47
33
54
*146
90
32
90
112
135
*130*2 133
2034
1978 20*s
56*s
6434 56
1S34
1834 187s
13138 13138 *130*2
71*2
68
no
94
957g
*125
2634
2034
27*2
150
*
96
135
133
12234 1 2234
56*4 56*2
*1434 15
27*s
471?
34*8 34/8
12212 1 2234
5634 5634
*14
1434
2734
*4534
17778 1S078 1793s 1S038 1795* 180
64
*62
67
*62
67
64*4 *6312 65
1441- 144*2 *143
144
144*? 14334 14334 *142
139
138
139
*136
138
140
*13712 140
11534 116*4
61
25
61
7*2
22*s
19338
*6412 7214
177'8 181*4
14434
150*4 151*4
148*2
41*4 41*2
10034 101*4
114*8 114*2
*9*2
*15
*37
t>6*
♦ 145
41*4
89
95
30
62
65
*60*2
3138
*6434
67
20
45
3434 34"s
111*2 113
68
110
94
151
14S38 149*4
*75
*92
30
31*4
132*2 *129*2 131*0
115*2 11578
*100
*125
180's 1S134
*85
1285s
9S12
+
*73
77
31
67
20
45
99*2 101*4
*98
*90
*100
94*2
135 "
*130*2 134
*130*2
205s 207g
2034
2012
56
56*8
5534
55*2
18U
18
13*8 18*4
32
32*4 32*r>s
32*4
*146*4 148*2
41
10412 105
9H4
751?
*89
75
193
44
122*9
146
114
*6
6*2
6*4
*5*2
6*4
534
65
65
69*9 *65
65*4 *65
69*2 *65
*9 85s 100
100
*983* 100
*98*s 100
*98*8 100
58
57
57*2 *57
5884 *56
56*2 67
*56*2 57l2
*72
*72
75
*72
75
*72
*72
75
75
75
75
*70
*70
75
*70
75
75
75
*70
75
*70
75
*163
164
164
164
165
165*2
164*4
16234 16234 *16234 165
*490
*490
*490
*490
575
*490
575
575
575
575
575
29
29
29
29*8 29*o *2812 30
*28*2 29*2 *2712 2912
6910
70
69*2 697g
72*2
70*4 70*4 *70
70i4 x6714 67*?
67
68
68
68
67
*63
70
*67
70
*67*s 70
*10
12
*11
12
*10
12
*10
12
12
*10*2 12
*21
22
22
22
*20
22
22
*20
22
*20*3
*21*4
1803s ISO's
64*2 66*2
*143
138
27
44
122
*145
*180
*137
*160
210
145
175
4
114
21~8
142*8 142*2 §142
*89
*
66*?
21'3
Sales 0!
35
70
99*8 10038
10258 10258
32
*
22
*25
*65
80's
*27
66*2
22
280
PAGES
Railroads
30
70
80*4
8H4
32
*.
Friday
Dec. 23.
100*4 101
§102*8 102*8
114
115*4
105*8 105*8
*89
91*4
75
75*2
193*4 194
*64l2 72*4
*260
280
*180
*138
*160
210
145
175
*234
*534
65I4
*98*>8
5834
3*2
7*2
91
75*8
12338 123*8
146
146*4
142*2 142*2
146
145*2
10538 105*2
30
*45
116
*27
66*2
22*2
*25
*65
101*4
10258
*89
813S
22*4
21.
30
70
*265
280
*_
22*o
+
116
*25
*65
101
*102
116
*89
76
65
♦983s 100
57*2
30
70
117
66*2
22*4
45*2
1223.4 12234
14534 146
*6
*64
Dec.
10178
10:5s
2214
*4412
*25s
*25
*65
30
70
Thursday
Dec. 22.
Wednesday
101*8
1023s
115*4
106*4
*....
*141
♦ ISO
*135
*160
Dec. 20.
116*4
106*4
101*8
74*8 7438
193*2 193*0
*62
70*2
*260
19.
*25
*65
30
102*2 102*2
*115
106
*89
Monday
Dec.
17.
1
Dec
Tuesday
TWO
....
t35214
255
205
626
_
Yorkvilie !|.
115
400
400
135
275
426
*
140*
140
172*2
275
660
600
Ex-dlvldend and rights. 0 New stock,
prlofc.
z 2d paid.
v 3d paid.
iw\
—-
1691
New York Stock
SI ’OCRS —Hit 7 REST ANL ) LOWEST
Saturday
’
Monday
Dec 17
*230
250
*8i.i
63%
64
47
*90
39%
40'y
*92
Tuesday
Wednesday
Thursday
Dec 20
Friday
Dec 21
Dec 22
Dec 23
'
Sales 01
Vie
Week
Shares
235
*220
245
*220
245
*220
245
*220
245
*8
818%
8%
*8%
8%
*8%
8%
*8%
8%
30
30
29
29
*24
30
29
*29
30
31
63-% 6434
64% 64%
63% 64%
62"g 63%
62% 63
*46
47
46
46% *45% 461“ *45% 46
*451“ 461“
27
*46
*90
SALE PZllCl KS
§235
81*
527
”
Dec 19
Record—Concluded—Page 2
*90
40-8
94
42%
*92
9I4
§7714
*90
____
41%
*93%
94
42
95
9%
*90
41%
02%
*90
9
94%
9%
77%
•
_
17U
1212
17%
106% *105
4
*3%
35%
3412
86I2 *80%
7414
74%
10334 103%
*314
3412
*86-2
73‘s
10334
*275
*100
300
102
43
116
115
*42
*114
*113
*2 75
93
..
3934
*28%, 29%
*561“
*834
*28-%
3i‘s
10
29
3234
_
_
*4%
56
56
40%
40%
*84
68-
33%
34%
15
15
56
95
74's
743t 74%
118% 119
119; ^
1241“
124% *123
16
*15%“ 18
86
*53
*80
531“
105
*68
*62
*28
*43
*105
*69
64
105%
9734
19%
3034
56
74
65
161
*91-8
93
97
181“
*66%
*21“
*4
31“
5
31%
*91-8
*30%
31%
93
3H“
93%
*49
3410
109% 109%
*70
7 2->s
75
73
116% 116'%
45
62
123
50
114%
35*4
451“
62%
35*>8
136
92
8%
53
101%
102% 1021“
15% 15%
£3% 53%
*93
*67
100
70
412
17
341“
*84
*15
33
109
34-8
109%
7U-8 71»“
72-'s 73-%
116% 116%
45% 46
62':} 62%
57%
56%
*70
*631“
74
641“
105% 105% *105
97
18%
70
31
34
*561“
134
134%
*8%
*27%
31%
10
29
32
600
56
401“
3134
5
40%
40%
3
*314
31%
5
92
31
31
93%
93%
*178
*49
*
*17%
18%
31%
32
92
*91%
93
5
*
35%
100
71
7
17
341.1
109% 109%
0
75
72-8 73%
116-8 116-8
45% 45-8
62% 62%
125
*122
146
146
73
74
*661“
68
*113
122
*140
150
*140
:r74
•
67’-“
07%
68
*115
122
*115
28%
*43
44
105% 105%
97
*94
*17
*67
*30
*93
18%
69
30
971“
18%
69
31,
94%
94%
158% *158
160
3%
*.2%
31“
*4
*4
*31
31%
31%
*91%
92%
92
92
5
90
9%
*88
*7
50
90
9
53%
*88
53%
*8
92
9
5478
547ft
.
400
7
J’ne
25%
99%
J’ly 26
J’ly 27
60%
50
103
84
13
155
|> ail way Steel Spring..
& steei...
“7ft Aug 2
28
J’iy 26
x,0%Sep 7
27
Do
prei
3,450 /TennesseeCopper d'u/$2o
200 Texas Co (The).
300
450
520
102%
102%
16%
410
345
340
100
100
100
100
52
1,600
105%
509
400
75
texas
cacitic Lanu
150
J '11630
4 j%
(14
Dec
6
52% Dec
9
| I uion Bag <5c Paper..._
6
I>
122
*110
122
‘
122
122
*110
124
1 )o
100
1 <!t
nruf
a
5
Feb
J ’ly
ok
8
Aug 2
99% Aug 2
14% J’ly 21
43
J’ne.ia
$93'“ Dec 14
64% J 'ly .0
4
J’ne.7
13
J’ly b
”
17
J’iy 6
99
J’ly 26
53 - J’ly 27
6i% J’iy 26
li.ii* J’ly 20
72% 262,810
116-ft llo-ft §116~8 1167ft
Do
2,240
pref
441“
44-%' 45
447ft
8,500 dUtan Copper
Par SlJ t ,3 J%
61% 61% *6U“ 6212,893 Virgin a Carolina Chcm__
-17
125
*120
125
*120
125
*120
125
Do
100
prei
-17
56% 561“
100 V rgini.a Iron Coal & Coke
50
150
*140
150
147
147
142
149
400 \%/'eiis Fargo & Co
-14 “
74-\s
73
73% 74
73
73
73%
estern Union Teier..
0,710
5 j
68
07
67
66
66% *651“ 681“
1,000 vVestirigh’seFd dc Mi 4 assen
49'“
116'% 116%
45% 45%
62% 623ft
Jan
1 L
.
J’neoo
Feb
8
an 19
*4' Mch 14
•• Men 18
Mch 7
04
Jan
3
125
•
ujin
26 *
I'eb
l'eb
Feb
9334
'37%
Jan
Feb
)5%
Midi
Feu
is
9 an
23-ft -Bio
3
IO91- Airii 8
99-% Apr
1
3
66% Jan
6
6
60
Mch
8
63
Jan
3
125-3
jan
i0
Jan
i“ Jan
4
5
24% Jan
5
16
Jan
oll“ Jan
J
3
7
64Jan
10
_
1 o
98
Oct
7o*l; Oct l
1191“ Dec 17
•
2S’“ Jail
3
9ot“ Jan IS
89\s Jan
8
HOG Jan 17
00•“ jan
1
43% Jail
46% Jan
i 16% Jan
O’'
«>
,
55
3
617ft jan
10/% Jan
3
5
Jan 11
20>
o-h
Apr
5
5-8 May21
61% Jan 3
lo/
Jan 17
4o-“ Jan
J ’iy
yu Men
471! Mch
33ix deb
jau
" J
ne
70
Jan
09!<> jan
*;t)io J an
11 >410 uan
120^ deb
Jaa
82
11% Feb
1j4
102% Apr
t> 1
Feu
(2
*jaa
29% Feb
4514 Nov
lUii.j Jan
99% Dec
10 ” Apr
4)
Feb
3UL d’eu
yb ’ Feb
169
Jan
1% jan
Men
321“ Mch
3
97-8 Feb
16% d'eb
3
Nov 12
i'uU Jan
3
115% Feb
1
f-4
j% j an
3
Oct 18
May i3
13% jan il
73
Jan 17
122
Jan 3
H5% Jan 4
52
Jan
3
64
Jan 10
i4o
Jan 10
84% Jan 4
11
Jan 14
29% Jan 3
3
116% Jan 10
84
ft 1
1
»0% Feb
9-j deb
66
Jan
1 lo
Oct
rl09
Sep
d'eb
24%
'
Meh
82
d'eb
64
d'eb
10
Mch
24
d'eb
d’eb
27
9S
J au
671“ d’eb
/j
3
3
107
t.
$39% Feb
4
8
114
57
juj
Jan
„aa
J’ly 20
J'ly 26
\J 9 V
-81" Mch
mu
' Feb
“
77
Dec
Sep
Sep
120
130
o0%
Dec
99u Sep
ust
94 “
1133, Aug
4f
d’en
Jan
Feb
Jan
d’eb
F( h
04
7 1
24
•97% N'OV
87io J ’ne
481“ Nov
64
120
1U3
’ Oct
AUg
Dec
29*% NOV
87io Dec
“ Aug
111% Aug
Art
200
Aug
9k J ly
19
May
541 - Aug
109 “
49I0
Aug
Sep
94 >8 Oct
120
Sep
$49
Jari
3
,;an
*■*
IUI4 Jan
69'% Aug
64lo Nov
91 “ SftU
11 yift Dec
9510 xNov
110% J ’iy
,lnn
73
Oct
d'eb
Jan
129%
' Dec
9
Feb
125% Jan
$60% Jan
Hftj
12S
67%
107% d’eb
00
ft n
17234 AUg
68
144
621“ J
26^ J ne
93‘“ J U3
(i3
Dec
411- Jau
55.0 May
94 “ AUg
18-3.1
3
.H% jan
190
19%
37 “
5l3.
ill
53
!>11 •* Dec
-
27% Jail
Jan
u4-6
St'p
Sep
Dec
Dec
Nov
Oct
Sep
Dec
cl G
J^h
% J ’ly
199*4
3
4
4
3
8
5
lu6i“ Jan
36‘ 1
upft
2a
9o% Jan )7
i 16>“ Ja:'
136% Sep
131
Apr
145% Sep
101
May
40% AUg
1
Feb
2i% Feu
141'“ Feb
161“ Feb
73% Feb
*,5
Ja-'i
3vio Feb
55 " Mch
Feb
<m)
io0% Feb
Nov
51 ay
66“s N OV
7Dec
i
i!)•% Aug
u.'S5
1)5
197% J’ne
«54% Dec
47
4
iuO% Jan
23% Jan
92% AUg
1051“ Nov
115">v Nov
118 " Nov
Feb 28
3
4
1 im J ne
69
Sep
1
2
Mch
95
Mch
3 !-> Feb
Apr 2V
60
Jail
92i“ Jan
1
Jan
773. Feb
Jan
Id
3
Jan
;
Nov
15% Jan
1
Dec
Sep
1% Aug
20
heti
J’ly
•>
,
J’ly 28
Sep 24
Dec
i
.
38
mj
Dec
,,
i 2j
4
J’iy
819% J'ly 26
134
Oct 7
trust
Do pret
United Dry Goods Cos..
Do pref
U S Cast i Pipe & Found!
Do pref
United States Express..
U S Realty & Improvem t
U S Reduction & Refining
Do prei
United States Rubber.__
Do 1st pret
Do 2d pret
United States Steel
J ne
82% J’ly -6
Dears, Roebuck & Co...
Dloss Sheftield Steel & lr
rj
Noy.3
J nC“0
Sep 26
Feb
piyift
48% Feb 24
<
.
Feb
33
0
60% J’ly 26
J'ly-6
90
J ’iy 27
kO
10
2
7
Feb lo
Mch 21
jan
3
Jaa
5
Jan
lti*)7ft Jan 6
§91.1 Sep 16
<i iy
25
2
prei
“Jan
65
Nov 22
80% Jau i0
20
J'iy 2u
J’ly 25
J’ly 26
J ’iy t>
J’ly 26
79% Nov
107U-. Nov
Feb
J ne
47% J '113
69% An?
22
A Jg
lu%4 J’iy 2o
snuJ’iy t. ?22% Oct
22-ft
*
.Jo
4-'j Apr
48% Jan
Oct 14
J ne
75:.,
124%
3
8
b
Ji8% J’ly ft
14
Sep 17
M
Oct 17
59
Feb
o*:7s Oct 2I
J'iy2i,
J’ly-7
Aug
«>
N ov
Aug
Feb
Jan
JaT
v*
Jan
i’cb
U4i“Jan
Apr.o
2£i. J’ly 26
12 ’ Dot 26
Oct 27
37
,1
100
l-'Ct
N ov
J ne
29
104
L>o
79
15
xo
6%
0j
J’ly 26
J’ly
Feb
Feb
\j
391
Sep 12
J'iy 26
11L J ue 30
70% J’ly 26
*7%
'.S
7io
,11“
4 4 U
10/:.,
Feb
1-4
J iy -9
-ilic.i,
28
Jan
421
128% Feb 18
2
Aug
Aug
in.;
2-
18-f Jan
u.j
)
57% NOV
!*6% N OV
50
Aug
1v
-.1
i
250
Nov
J6-ft Am
31
112"
2 5
L 2
3
'Oft Dec
134
Jan
12-3.1 Feb
Feb
65
Feb
33i« Jan
w5% Jan
20% Jan
90
3
^an
9*j7ft
3
,22
Companies..
Do pret
200 IV
500 jiepuouc Iron
Do prei
400
99
70
7
15
35
2..
1,
2“1“
Do
Do
112%
112%
112%
34% 34%
34% 34%
34% 34%
135% 136 *135
*136
136%
136%
’iy
ly
ft,
.juiCKsitver Mining
"
5
32
102% *100
102% *100
102
102% 1021“ 102
*100
*15
*15% 17
17
*15
§52% 52% *50
56
52
*93
100
94
94
*93
*68
71
69
69
*67
*41“
7
*41“
7
^41
*15
17
*15
17
15
35
34% 34*“ *34
*34
109% 1093i *109
110
§109%
*71
74
*70
75
*70
72% 73%
72% 72%
72
102% 102%
16% 16%
§53% 531“
* /
§28%
Highest
|
29% Mch L
i/%oan 3
*: 67^ Jan
3
48
...
J’iy -L
J’ly 26
125
-•
Do
5
b
;53i“ J’ly A
21
J no 3
49
AUg L
prei
3,645 V!atioua* Biscuit
Do prei
190? **
400 Nat Lnamel g & Ktaiup'g
__!
Do prei
3.500 National Lead
Do iiref
225,
3,850 dNev Cons Copper. Pur $5
1001 .New York Air Brake
600 North American Co
new
740 IJac i.c Man
-L
acihc Telep <3e l eleg..
400
800 People's 6 L & C (Chic).
200 Cmiauelpiiu Co (. lttss’h)
Clttsourgh Coil Co
do
prei
900 Pressed Steei Car
Do pret
100
440 Pull man .Company
*
136 •
*88
92
90
*8
9
*8
*52% 59% *53
*100
102% *100
*15
34
64
29%
44%
105%
77
641“
j
25‘ft 3
prei....
union Gas.
Brunswick derm &
Sc
500:
10Q”ft 106”s
§18% 18%
*67
*631“
2
90
Do
100' .viackay
oift Jan
ft 2!
700 i at Harvester sin tr etts
Fcd 8
Do prei xtk tr eif*
950 1
rli 7
Aug 11
100 iut Mer Marine rtk tr etis
4% J’1^' —
Do
100
prei
;2>;; J’ly 20
300 International Caper._
y
J’ly l
do
800
prei
4P“ J’ly 2o
Internat
Steam I'ump...
2,490
50% J ’iy 20
Do pret
200
78'“ J ly 2o
4,450 Laclede nas (St L; com..
93% J ly 29
-
54%
j ne
DlioDec
3,025 Jeneral hiectnc
12,700 dGoldtield Con M.Pnr $10
301“ 301“
30% 30% *30% 30%
*93
93% *92
9334 *91% 93%
*178
185
*178
185
*178
185
*49
50
*48% 50
*49
70
*135
*93
*69
18%
71
*2%
*4
*31
53-s
107%
18%
71
64
*17
*66
30
*93
1581“
*21?
185
50
112%
35
97
56
*28
44
*105
*92
69
*301“ 31
*93
94%
*158
160
94%
*2
105%
*93
55
*106
pref..
ore!
uarpet
Distillers'
8,150
Securities Ccrp
100 federal Aiming & Smcir
Do
100
pref
20
hi.,
1% Dot
it
4 rex
331“
40%
iicunm
Brooklyn
1,350
4
Co
2-5
Dec 15
ftOl“JH*l I38
J’iy26
Oethleheui steel
II
Jan
j
..
61% J 1/ -b
98% J’ly -t
Do pref..
1,010 Colorado hue. rt iron
Col & Hpck Coal & iron
15,050 Jonsolniated Gas (N Y1.
3,400 Corn Products Actinia-.
14180
68
56
>
Butterick Co__
10,840 / ’entrai Leather
104
551*.
■
lAnacondaLopper Par Hi
400
200
400
300 A
56
.
American Goo'en..
Do prei
1,620
107
»2
3
J da
Mch 9
Mch 9
Oct D
o9 ‘
io% Dec 7
jjift j ly 2/
151.. J’nej.
29
J’iy-3
1021“ Aug (,
3i4 Dec 1
8,700 American ic.epa <x i'eieg
1,600 American icuac* (new) ,pi
800
685
1.0
•'-
300
*4
*12
Do
u.ar
3
72*,-
J ne.;-
3:-. Bep
prei...
Due r.ca n Loeu m 0 ti e
v
Do prel__
American Malt corp__
Do prei__
Auier Smeiters Sec
prei B
Amur Binding «5c Kenmn
Do prct__
American Mm,,.
Do prei
Amer hteet hourm (new)
American
90“ man
82% Nov22
2% J’iy ...
n-0
Dec
§23 ) Dec 2
no
25,220
2,200
6
■
oan lu
1.* Jan 10
-51“ J’nc ib
m*
Jan
3
J’ly 2
39% J’ly 2.,
_
.
8
4i
;
.
5
Jan
o*-% .Jan
ioo
J’ly 26
J’ly 2-
109
Ja.i
-L% Oct 21
62
prei.
American Lin seen
1,300
Year (1909
Lowest
to
ft9
6-v •) ne 5*
1-0
prei
wiierteau ice M'ciimie.*.
400
581“
*301“
33%
20
Do
100
900
120
Range for Previous
irjhest
-10
11 Apr
14
_
*45% 55
*45% 55
15434 155 §155
155
83s
8%
8%
8%
110%. 1103- *109
102%
121% 121% 12H“ 121%
*41“
5
*4%
5
*15% 16'% *15% 16%
12-s 12-8 *12% 13
*661“
158% 159
*120
74%
29%
141“
u,
American Express
American Hide 8: Lea met
200
500
100
*27%
*77
f.re!
Do prei..
American Cotton uii
_
100
*
85
56%
73
*93
*17
*86%
31
*93
123
73%
„
„
841“ 841, *84
85
105% 105% 105% 105% *1041“ 105% 105
106
*91
93
*89
92% 92%
95
*89
94
*
*
75
76
13% 75
14% " 7 6
*74-% 76
117
118
117
117
118
11624 US-g
118%
123
123
*123
125
§123
124
*123
125
16
16
*151“ 171“ *14
17% *16
17%
*80
86
*80
*80
86
86
*80
86
410
17
m
133% 1351-
79
33“s
_
101
43
116
115
*103
68
*14
55%
41
45
7
*15
55%
40%
*44
*135
*88
8
53
52%
1011“ *100
*4%
55%
40%
45
*
52%
79
*58
13
*44
*
*1UU
*100
102%
*15*2 16%
§52
52
*93
100
*67
70
*121“
30
321.1
1333s 134
1434 15
18
45
*96
*17
.136
92
/
13
55%
40%
32%
104
31
5
*4
34%
45
931“
*178
185
7
68
30
*30’-“ 311,
*911“
04
*178
185
*49
50
*135
*88
*12%
*69
160% 160%
114%
35% 35%j
20
55
15%
80
*58
34
*13
*28%
93lo
32
34%
151.1
*77%
65
29
30-8
*31
51“
*83%
28~s
931“
5
*103
31
32
29
941“
*3%
*2734
§32l.i
104
2S%
30~8
3'e
34%
28%
321“
§103% 106%. *106
107%
1 S%
18% 18%
18% 18%
70
30-s
*2
39%
29
581“
133% 134%
68
56
105% 105%
70
*93
*159
39%
*2734
41
29%
*4
105
18%
72
65
29
45
*17
*67
86
54%
*104-8 106
18% 1S%
9734
94
*31%
51“
*12
*45
13
13
*55
561“
401“ 40%
*84
85
1041“ 105%
*90
95
85
74's
*901“
*45% 55
155% 156% ioo^ luU1^ §155% 155%
8%
8%
S%
8%
8%
811111“ m% *111
112
111
111
122
121% 1217S 122
122
122
5
5
*4%
5
*4%
5
16% 16% *151“ 16% *151“ 16%
104“4 105%
*90
32%
93
2S%
32%
32
*4
*58
53ft
16%
13%
*12'%
33
.r93
104
*58
8“#
8%
*110
11H“
122
122%
*151“
29
32-g
771“
*45
*31%
.
_
^
142% 142*“
93%> 93%
32% 32%
§92% 921“
39
39%
94
*561“ 581“ *56%
*131
135
*131
136
*9
10
*9
10
59
135
10
104
,31-s
113
142% 14234
*93
*28
32
51-“
113
94
*39%
*103
116%
142% 142%
29%.
68
20
115
*260
*100
*42
*114
*112
101
pt Jl
*12,920 American Leet Sugar.
Do nret__
1,400 A mer can Can
Do prei._
2,255
1,950 American Car Cc Foundry
400
103
25
18
1734 17%
12: 12%- *11
*30
33
33
361“ 361“
37%
105% *105% 107
*4
5
5%
36
*35% 361“
87
*86% 87
74%
73% 7 3%
102“4 10:;% 102-%
*93
41
133% 134'%
15%
15%
78% 78%
33%
*112
*391.i
32%
103%
73%
102%
*250
*100
115% 115% *114
94
*28%
32%’
*35
*86
275
H)1
43
*42
133% 134%
14-s 15%
77% 79
45% 45%
155% 155%
36
*28%
59
10
26%
*30%
*36%
105%
*4%
5%
275
MOO
116%
*131
*0
*11
121«
33
37
107
*86% 87%
74!4 74%
102% 103l,i
300
101
43
94
*17%
18
*11
*30
*36
*105
*4
*35
40
59
*4
*17%
29%
133
31%
12%
33
11212 H3
112
142%
93% 94%.
32% 32%
94!“
1031“
15
*12
32%
*8%
28%
31%
*1021“ 1031*
*31
313;
*4
51“
133
133
77
*58
32%
29
59
133
3i%
14<s
94
-39%
g«j
135
♦131
94
*93
*39
18
*11
*30
*275
*100
*42
*114
141% 142%
931-
*1734
32%
37%
36%“ 37%
107
106% *105
4
*4%
5%
361“
35
06%
87
87% *86
74% 75
75%
10 3 “ft *103% 103'%
300
101
44
116
115
*100
*42
*114
*112
141->8 142
93% 93-%
*31
32%
118
*123
16
*S0
121“
32%
36%
361“
*105
1734
*11
33
i
7
55>
35
_
95
_
I7I4
i/G
Dec 19
J’iy _«
Aug i
J’iy 13
J’ly 26
5235
__
93S
*9
9%
9%
8%
9
8-s
.87,
76
7714
77
77
77%
§76%
76% 7o*\
76% 77
49 'g
50
51
51
49-ft
50
50
51%
49%
50
49!“
§49%
*110
115
“110
115
*110% 115 *111% 115 *112 115 *113 115
*571“ 60
59%
60
59-8 59"s
*58
60
*57
60
*58
59
*103
105
§104
105
*103% 105% *103
105%
'*220
250
*210
150
*220
250
*220
250
*220
250
§23U
230
4*r
*4
4%
*4%
4%
*4%
4%
*41#
4*2
*4%
45“
*22
23
23
23
22-8 23
23
*221“ 22%
*22% 231“ *22
*11
*30
36*-’
dams Express
tlls-Cfm users
4
do
*90
94
H
LXXXXl.
L.iustri j.: ..iiscoiia-.cr.r-
31,800 Amaigamateu Copppr
400 \mer Agr cultural Chem.
42%
43%
Ranye Sine e January 1
On basis of LOO-share to s
Lowest
81
100
510
*90
42%
*90
STOCKS
NEW YORK STOCK
EXCHANGE
[VOL.
11
VI ch
'
J ly
15% J’n^
93-ft
81 %
J ’na
114“
Dec
3510 J' ne
87% AUg
87
Sep
39% Aug
57'»? AUg
123% Aug
8'J% Aug
14% Oct
ff (
Oft
667% Nov
56% Dec
12»
7
Dec
5% Sep
lif.i
Dec
1 1
Sep
1
BANKS AND TRUST COMPANIES—BANKERS'
QUOTATIONS.
«>an < ^
hrocik t
Broad
mu
As :
v u
wav
*
Brooklyn
385
40)
....
Done-/
—
hirst
2'90
Hillside^
....
Homes tea Hi
Mauufac'rs
Mechanics
Montauu
Nassau
__
-
41
-
-
-
j
—
245
UO
i 55
300
125
i>:i
nks
Urookiyn
vat U'lty
Bid
280
.v'ortn sidcl
Beonle s
150
Brosu'ctl-k’
1 ermir.a
^
150
__
Ast
295
18j
1.58
-
.
-
-45
150
270
l rust Co s
A Y City
As tor
Bankers' i-
160
-
.arnegie
_.
90
Columbia
..
Bid
Ask
115
11)
1)15
US
11 -Po
1025
280
28
Com mere-a.
12 )
3)0
lMluit’bie lr 465
Farm Lo<Tc l 162 )
dideiity
213
Fu'ten
290
310
625
315
650
i
130
310
ICmpire
*B.d a id aided o:.ces. no sates
on th,s
1 Bale at Stock tixcdanre or at auction day.
this
rust 1-0 :
A’ Y city
IV wav tr..
..'entrai i’r__
ID
—
1
4
72%
1640
•
217%
-
-
-
*
rust
s
Guar ty lr
Guard'an Tr
Hudson
Knickerb ki
Law Tift dr
Lincoln Tr
\tadison
Mannattau
Mercantile
Metro put t’n
.
Mutual
Mut Ai'nce
....
But
Aik
800
810
1 rust wo s
ISO
165
2)5
252
125
105
375
700
175
305
•
267%
130
205
400
*74 )
505
130
125
-
130
Bid
NY Llie&Ti 1120
N V
Trust
610
Savoy
90
Standard Ti
4; id
TltleGuiSc Tr 505
l'r Co 0i Am 32 j
Union Tr
12 75
US Mtg& l’t
47 »
U nit States 1160
Aashington f 355
vVestchestei 150
Windsor
120
2 Hess than 10) snares
tsix-ri ?hts. 5 New stocc c Hx-Jiv am rig ms.
week
s 15
took dvilend
)\ Banks narked wit a a pararrapn (§]> are
Ail
1139
62.)
100
4 10
510
330
1300
48
>
1190
* rust
jo's
Brooklyn
Brooklyn U
Citizens
..
i’latbusu
Franklin
Hamilton
Home
_
__
_
Kmgs Co
L
1st L &
'l'r
Nassau
160
130
A>H
4?n
125
200
430
135
220
210
280
110
2 /j
10;
5()0
300
1 70
Feo pie's
Queens
tiia
2 95
310
180
310
Co. 1115
WilUamsb'g
100'
Now quoted dollars per share.
State banks.
a
New York Stock
Exchange—Bond Record, Friday, Weekly and Yearly
BONDS
Price
Week's
Range or
Last Sale
Friday
Dec 23
N. Y. STOCK EXCHANGE
Week ending Dec 23
Bid
Li. a. Government
2s consol registered.dl930
2s consol ooupon....dl930
3s registered
£1918
3s ooupon
£1918
3s con small bomls..£19] 8
4s registered
1925
4s coupon
1925
U S Pan Can 10-30 yr 2s.£1936
A 8/c Low
Foreign Ciovernmeiit
98
M-S t
Imperial J apanese Guveruin't
Sterling loan 4*28
1925
2d senes 4 Vs
1925
Sterling loan 4s
1931
Repub oi Cuba f>s exten debt..
San Pauio(Brazil) trust 5s 1919
U S oi .uexioo a l g 6s of 1899
Gold 4s of 1904
1954
State ami
City Securities
N Y City—4%s
1900
4% Corporate Stock
Iu59
4% Corporate ^locx ....1958
F-A
J J
J-J
M-S
J-J
-
t
96 *4
97 %
89*4
103
%
97*4
9b
97*4
16
102 34
103
102*2
115 *5
98*6
96*5
95%
88*8 92*5
3 101*4 104
1 H95
97*5
1! 95*a 99*4
#X;
Registered
101% Salt>
ivl-N
M-N
M-N
Al-N
99
99J4;
99*5
1U3 % J’ly' 10
95 %
95 %
Nov’lu
S8
45
42
95% dale
42 *5 Sale
daiiiuat.
Aluouma
beeCoast
So KyCine
iaba M Cent n.1
bee
bee Dei A liuo
Valley beePeiinRK
AUeg A West
bee Bun it A P
82
16
101 %
96
100*8
99% 98»a
I 96*4 100*2
Sale
lo7 *2 23' 105 *8 109 78
: u7 *2
*02*1 Dec ’ 10 1...J|102*4 103 *8
Sale
iu? «v ! 311 105*4 110
107*8
99 ‘4
90%
107*5
102*5
107*5
102*4 102*5 102-4 Dec’iu
99 *5 99% 99 *2
9934
7 04-8
104% 101*6
Brown Bros ells.
|j00
101*8 444
10034
99%
-j
102
2s I 9b *4
3 101*4
J 103 hi
...
94
105*8
103*5
Railway 1st lien 3*4S-..i‘96n
96
*4
87
36
19
R A A Div 1st con g 4s..i9an
2d COUSOi g 4S
1989
Warm dpr Vai 1st g os..1041
Greenbrier Ry lstgug is ’40
CuiC A Ail RR rei g 3s... 1049
104
100*5
.41995 q-J
4S.1995
Adjustiueut g 48
41995
Registered
Stain ped
A-O
1995 A-C
41995 Nov
Nov
41995 M-N
Conv 4s issue ot 1909... 1955 J -1_>
L'OllV g 4»
i960 J-D
Conv 4s (issue of 1910). i960 J-D
10-year conv g os
Iul7 J-l>
Debentures 4s Series J. 1912 FA
1
Series iv
1913
East Okia Div 1st g 4s..1928
Short Dine 1st 4s g
1968
die Pres A Pit 1st g 6s. 1942
Atl Kuox <& N
bee D A N
Atlautic Coast 1st a 4s.41952
Ala Mid 1st gu gold 5s ..1928
Bruns A W lstgu g4s ..1938
Uli&rlea A Sav 1st g 7s.. 1936
L & N coll g 4s
01952
Sav PAW 1st gold 6s..1934
1st
,
1934
gold 5s.
Sii tip Oca A G gu g 4s ..1918
Atlantic A Dauv bee South Ry
Austin A N VV
bee Sou Pacific
BaitRegistered
A Ohio prior ig 3 *28-1925
41925
F-A
M-S
J-J
M-6
M-S
M-N
J-J
J-J
M-N
A-O
A-0
J-J
5b
Registered
ills Div 4s
Iowa Div sint
!
,
i
;
Beech Creek
Beilev A Car
99
98*s
2
9u*2
96*2
94
Sale
lu7 %
34 *%
131
9234 Sale
123*2
93
92*8
!2 J6 j
Mar’101.... iH2
11*2
95 *2
J’ly’10
95
9i34
Sale
97
95
'
92*8
923i 32'
91*4 Oct 'OP!
1
98 3i
69*4; 61
90
96*aNov’lO
96
97
....
112
97*2
.
93
*i 100**4
99*8
120
Gct’ol1
87*4 88*4 87 *4 Dec’10
87*4 69*8
4
01% Sale
91*2
91 ‘t
89
93
36 89
90*s
91
9-^34
90*8 Sale
8S *4
89*3 Apr’iO
89*4 90*5
iuu
103
Mar’10 ...1*103
io3
110
6 109
sale
113*2
110
no
lOL^
109*4
103
115
1067s Feb'07
112
Dec’09
112
Nov’09
no
li9*2
SO
1913
M-S
M-N
A-U
J-J
F-A
J -D
J-J
J-J
1913 M-S
1913 ■vi-S
Registered
Caro A Shawn bee i U Cent
Caroiiua cent See Scab Air L
Carthage A Ad bee N V c A B
Ced K la b A N
bee tl c K A N
Cen Branca Ry bee Mo Pao
Cent 01 Ga RR 1st g oa..pi945 F-A
Consol gold 5s
1945 M-N
Registered
1945 M-N
1st pret income g 5s
pl946 Oct
Stamped
2u prei income g
6s....pl945
Get
2d pi el income g 5s stamped
3u prei income g 5s....pi946 GCl
3d pref inoome g 5s stamped.
111% 115% L16% J’iy’10.... 113
109
Iu8% Dec’iu
' 10a
96 %
96
9b
Aug'l6
loa %
lOo
J’iy ’08....'
J’he’10
115 2 118
115
I16
lib% Sep ’10
! 116
107
99**
....
......
Mar’ 10
72
73
lOSV,''
103
103 7g 103*8
loo *a 101*^ 10078
1007b
*4
100*2
\ 00
i09% Oct ’10
10 <*4
lo7%
113
Apr’Ob
111*4
106*4 108
101
100
1
101
99%
lol
a8% Nov'10
6*8*2
98*2
98*2
97%
369
100
85 % Oct ’10
til
g as
02
72
73
'b
*4 •
9.<
73
7u
75
2
7i
5
u
10
y
Uii
Get
iu
•
Dec
Gd
98%'lor
-b
ii?’*
72
72
100
80
86
91*2
101
88%
99
90*2
93
87*a
9a
77
7a
S’"c
Mar’vu
iUO
98
...
9*7
99
1047 J-J
4
* 9*9 *"
*2
100 % 102%
96% iuu
100 2 102
al
aU 'e
21
12 7
108% 113
Of -4 salt.
iuu *4
82
109
•
•
6s.....
1016; J-J
LO24! J-J
!
;
5s....l010; J - J i
6s. ...1021 J - J
3S....10131 J -D:
1886-1026 F-A
1987! M-N
fc3
83
I2r
83
123% 120
LOi<% 1 iu
1 ar A sou assu g
*as
101 J
97%!
97%
10U%! lOO -2 Dec ’10
10 i *S 102 *4! 101 %
J 'ly1»i<l
109% Dec 10
ill
no
11L
May uni
oct’iJ
no
84 % bale ' 8-1%
a5 %
1 -6 *4 12’7 *2 160
Oct’10
lu7 *8 ......| H i
aoc'u.ii
J’ue iu
‘ion
*9i -5
..I 92
Dec’iu
43
2
88 % bait.
92% 93
lUb %
88%
88%'
92%
107 %
92%!
108
108 *2
lOu-ilO?
ji06
Oct’10'
oeC.’lu
1915 M-N;
1916 M-N;
1917 M-N
1918 M-N
4s.,2o02 M-N
Registered..
2002 M N
RI Ark A Rouis 1st 4 *58 1934 >V1-S
SUT C It «to .N — 1st g as.1934 a-o
Registered
..1934 A-O
CKiF A N W lstgu as. 1921 A-O
M A tit R 1st gtt g 7S..1927
Choc Ok Jo G geu g 5s .01919
Consoi goiu os
..1952
Kook A Des M 1st as....1923
Jkic stx(fc.\u bee ih Cent ;
Jluo tit D A Pitts
see t'ennCo
Jhic tit P M A O con 6s...1930
Cons 6s reduced to 3%s.l93o
CEREANEOIJS BONDS—Continued
on
J-l>
J -J !
M-N
A-O
J -D
J-D
85%
89
106
105*2 108
i03% 105%
lOO *5'
I
110*21-12 ii 102 110%!
yy 3.
...' yy34 Dec’io!
95%Jiy’10
**J6% yy
1.00
gg
110*2 113
96 2 101
<*a
-
5>aie
88
08
15%
j
107*5 106
*u6 j
106
100% ireu’iu
1921' A-O'
Sinking iunu ueb 5s
1933 M-N *106
169 aep’16
109
J iy ’os
Registered
1933 m-N ;
Mil R S A West 1st g 6B 1921 M-S
*114% 1162 H5 Dec’10
Ext A imp aiund g os 1929 F -A
lOy
109
Nov’10
Ashland Div 1st g 6s..1925 M-S
117 %
142 % i' tU’02
Mich Div 1st g 6s
1924 J-J 1 117%
ila-4 x\ov 10
Incomes
1911 M-N
100 -4
103% **a> i*0
Chic Rock isl A Pac Os...1917 J - J
109%
169% Dec’10
108
xlO%109
ii.ug’iu
1917
Registered
J-J
General gold 4s
07
97 2 97%
9 7%
1988 J-Jl
Registered
1988 J-J *
97% 98*4 Feb ’1C
tb*4
89%
1934 A-o
Kelunding g 4s
ay% aaic
97 % J’ly ’10
Con trust Series J 4S...'.19i2 M-Nj
ys
M *8
N 4s
O 4s
P48
Chic R i A Pac RR
94
100%
104
10o% Aug lo*
103% Aug' 10
1921'A-U
os
98
93%
107*4 108
Lti
110*4
iuo% 108%
102*2 103%
L 1 6% nb34
104% 103% Oct ’10
110% May’10
'105% Ueo’ 10
lu6%
103%
100**4
91%
Mar’lu|
2
87 *2
24% 12a *2
102% 103%
l3U
103 2
116 -4
lOo %
112
84
100
92
102*4 102% 102% *-iei.’lu
99
99-2* 99%
99-5
1103 % Oct 08
Registereu.
pi987iq-Fi
b7% 93% Apr'09
’ilo%Sep’lu
timkUig iunu 6s... 1879-1929;A-Oj Rjj
Registered
1879-1929 A-O ‘ItO
111 *4 Nov’09
Sinking luncl 58...1879-1929'A-0 105 %lo8 ! 106%
iu5%
Registered
Mar ly
1879-1929 A-O 104------ lob
100
82
84
76
76
75
94 *2
i 00
ab *2 8 1 hi
87 2 88
t-8% lol
1.04% 104%
98 *5 loo
DeC ib
99
88*2
104%
u.
88
88-4 Sale
08*5!
88
ao%
Sep ’ 1u
lUO
dale
i*v7s
1 *'0 *b'
104 *5
Lu4% Dec’iu;
99 % 10t>*2
90 *8 Deo' j
9a -5
98%
.’5%
oy
fc9
70
6 8 *4
dj
.vi-s1
9 0%
87
83
-01
1
09 *4
09-4
6s.....i02lj J - J j
Registered
11
16
V4
94 *4 Muj’lO
93*4 95 j
73
salt
93*a<*ug’u9
Ill
94
73
i3*a
76% May ] o
93% 94 Nov 10
112
ill
Dec’lo
90
i io%
i‘n%
105
io*y %
106
106
105
107
106 *5 106%
i09
111 2
n4% il<%
112%
109
118% 118%
1*0*9 *a il*2**
109
10
94%
98%
80
bu
90
Dec ’09
90%
95
95%
87
109
yy
98%
92
97 %
97%
94 2
96
3 72
i20 *2 -'iui'.u3
165 ‘4 Oct 10
i0*>% 106
May’lu
103%l04
* r6
1U?% Dec 10
100% lu3
1UO
lou
104
104
107 %ilo
100
104
loiq
108
124% Sale
124*5
85
93
78% Sale
77%
124*4
14 123
127%
Dec’03
Next Page.
Sheet Railway
RuiUray
Brooklyn Rap Tr
i !,}
90 2
tu
.
General gold 3
10938 113*2
11 103*4 109
9b *2 dale
oy >5 luo
99*5
99 2
dep
i
lOl *2
Extended 4 28
1013| J-D
Cmc A an ortnw cons 7s....1015; q- F
Extension 4s
1886-1026 F-A
7 102 *2 105 cb
1' lou3^ 1U1**4
2 100*4 100 2
385
99
101
9i *5 Dec-10
Sale
02%
112 *2
103»a
89
Registered
98*2 Sep '09
100
Nov’U4
96*a
112 *2
99
101% 101%
a8
86% NovJ
88%
101%
102
105*2
110*2 114%
s
8a
V
87
90
Chic A P W 1st g
Dak A Gt so g os
Debenture
Mai’04!
iOO
bee Great .Norm
DaCrosse A D 1st
Wis A Muiu Div g
Mil A No isl coils
11 1%
Nov’lu
lul-vfeep lu
1o234 loo
9u
.j-... 'Ou
ai
90
95% 96*v o :-Dec’ .C
4s series A.^ioao'J - J j
Registered
jiOaOjG-J |
Generalg 3*28 series is.<?ioo9S J-J
25-yr deoen 4s
loJl'J-J!
Cmc A R t>u giv g os
102I J - J ,
CfUC A Mo Riv Div 5s...1026' J - J ;
l‘J4*t
1U9
100*2 101%
100
100*4
98
99%
J’ne it
94%
94*4
89
General g
95 3,
89
124*»Deo’lOj....|!i24*8
U0%110%
bo
92 96 78
IIT’94*8 9*4*8
107
105
lo3%
.03%
34 1 13 *5 112->4
113*4
111 *2 Jail 'iu
iui" fold 10 i *4 1 01 *5
85 J4
J-l>
J-J
J-J
J-J
J-J
M-S
M-N
A-O
J-J
DouisvN A A CJi 1st 6S.I0I0! J - J
Chic Ind A Sou 5U-yr 4s.. 1056 J-J
Cuic Mil A tit if term g os 1014; J-J
S||
94% Nov’10
......
98*2
94
Sep’09
94
109
Nov’10
1 12
94 ‘4 ''Hit
F-A
1049 J-J!
...1049 J.J
5s..1919 A-O
Ketuuuing goutos
bee JL<oug 1
L'an
'2d So
5s 1st ext 6a
1946
A-O
4s....2002 J-J
BkCity 1st cou 5s.1916.1941 J.J
Bk % Co A ti cou gu g 6s. 1941 Vt-N
Bklyu Uu El 1st g 4-68.1960 F-A
titampeu guar 4-5s
1950 F-A
Kings Co Ei 1 st g 4s
1941 F-A
.Stamped guar 4s
1949 F-A
Nassau Elec gu g 4s ....1951 J-J
Conu KyA R 1st A ref g 4 %s’51 J-J
Stamped uuar 4%s
1951 J-J
Det United 1st con g 4%s.l937 J-J
Havana Elec consol g 5s. 1952 F-A
Inter-Alet coll 4 *28
1956 A-O
Inter Rap T 3-yr conv 6s. 1911 Jl-N
45-year 5s Series A
1952 -ll N
Interuat Trac coll tr 4s..1949 J-J
Manila Elec 1st A coll 6s. 1953 Jl-S
couv g
♦No price Friday: latest this week.
93
125%
120*4 125
122
85
101
Chicago A them
see tine
Chic Gt Western 1st 4s...1959 M-S
Cuic xu Os jjuuicv tto.'us...l941 i j - s :
987h
9a7g
—Si
...I 98*2
1 CAB
bee lilinois Cent
Bruns A West bee Ati Coast L
Bufiaio N i A Erie bee ane
Buffalo RAP gen g 6s...1937
Consol 4*28
1957
All A West 1st g 4s gu.,199b
Cl A Mali 1st gu g 6s.... 1949
Hooli A Pitts Isl g bs... J 921
Consol 1st g bs
1922
Butt A Susq 1st ret g 4s.al95i
Bur C R A N
bee C R 1 A P
1st refund
12 2 78
104*4
sec N
Bklyu A Montauk
Street
94*4
117
Dec’10
103
J-D
4s.... 1021
110
103
87% Nov’lu
100
S1
Sj
iolo
10oa MS
Han Oo Si Jos consoi 6s..x9ii .»!- 8
Cnic A n. Hi rei ,c imp g 4s n oo J.J
1st consoi g os
.....1034 A-O
Geuerui consoi iss. os.... i93f M-N
Registered
j.03< M-N
Cuic cis mu c ny isi os.H'ou J-J
6; 95% 97*4
Deo lb:. ...' 92
933b 93 % 94
9i34
109*2 110
107‘a-' O' 10 ...107*2 109*4
9o *4
99% 100*4
Debenture os
General 4s
97 lu‘4% 122*8
Peb’lOj.
98 2
Joint bonus
100
95
92
......
9234 sale
41948 U-J
Pitts Juno 1st gold 6s... 1922 J-J
PJun AM Div 1st g 3*281925 M-N
P D E A W Va Sys ref 4sl941 M-N
tiOUtllW DlV 1st g 3 *28.*. 1926 J-J
41925 <*-J
Registered
Oen Ohio R 1st cg4*28..1930 M-S
01 Dor A W con 1st g 08 1938 A-O
lionon Riv 1st gu g 6s.. 1919 F-A
Ohio River RR 1st g 6s.1936 J-D
General gold 5s
1937 A-O
Pitts Ulev A Tol 1st g 6s 1922 A-O
Pitts A West 1st g 4s...1917 J-J
Stat isl Ry 1st gu g4 %s 1943 J-l)
83*5
97 *2 101
98
91
91
91
8a
92
92
Jan’lo;.
9i *8 Salt
91*8
91*4 **3*i 89
106% 105*2
105*21 42 105
104% ?ait, 104%
105 21 a i loo
102
Salt
102
102V lb j 93
1087b
9b% Jau ’ *o
A-O
J-J
M-N
Vl-NTi
Vi-S
High
110
102
L20
Nov’10
99% Dec’10
90
.1021 M-N1
SoutuwesierTPijrv
74
5
y
l0S% 108% L0»*4
mud
Registered
| 22
93 *8 134
98*8
Q-F
87
SiUKiiig iunu 4s
1919 A-O
Nebraska n.xtension 43.102:1 M-N!
79
78*2
98%
98*«
98 ‘t
Sale
J-J
Registered
>
79
99H Sale
Vi- J
41948 A-O
Gold 48
77*4
97 *«
99
xOou j.j:
Clue Buridfc g—Denv u 4s 1022 F-A
Illinois mv 3 *43
1049 J • J |
Allegheny
1st g 4s
Aicn T A s be—Gen g
Keiiistered
M-S
M-
Nov’05
Jan’JO
100% 101*5 100*5 Nov’10
100
May’10
q-M
Since
January J
1047g J ’ne 08
115
107
110
102
105
102%
122 *4 122 *2 122
121-4 122% 121 %
108
108
101
Registered
9U78
Albany 02 susu
Aun Arbor
10334
j.j
Range
High No Low
9u% Sep ’09
HI
104*4
t.i
Is
Ask Low
86
M-N
1939
General gold 4 *48
1002
1992
Reg 1 s ter ed
Convertible 4 *48
1930
tiig sanuy 1st 4s
1941
coal Riv Ry 1st ru 4s ..iuio
Craig Valiey isl g os
194b
Potts Creek Br 1st 4s.. 1946
Week's
Range or
Ijast bale
Price
Friday
Dec 23
Bid
Am Dock A imp gu 5s.. 1921
Re A Hurt K gen gu g 5s 192U
Deh A Wilks B Coal 5s.. 1912
Con ext guar 4*as....c/19i0
N Y A Dong Br gen g 4s 1941
Cent Pacific
bee So Pact tic Co
CentVermont 1st gu g4s.ei920
Chas A d>av bee Ati Coast Dine
Clies A Gfuo gold 6s
alOxi
Gen funding A impt5s.l>'20
1st consoi g 6s....
1939
100%
94
93*5
|
o
J-D
J-J
J-J
J-J
M-N
J-J
n 1987
Registered
11534
95'*4
39!
Cent ot Ga RR—(ton)
Cliatt Div pur inou g 4s. 1951
Mac A Nor Div 1st g 6s. 1946
Mid Ga A Ati Div 5s....1947
Mobile Div 1st g 6s
104:6
Cen RR A B of Ga col g 5s 1937
CentolN J geu’i gold 5s. 198?
High
101*4
10984
15|
20-4o.....i933 J - J
Tenn new settlement 3s..1913 J-J
Virginia land debt 2-3s...i99i J -J
an
1.!
January 1
92
93
94
92 *5
J-D
92 >5 97*5
t T hese are pr ices o n the b asis of $5 to £.
So Carolina 4 2«
dsdeierret;
95»4
95*2
95
95
89
103
96 7*
90
q*J % 96%
...1957
1917
4 %% Corporate Stock ..1957 M-N
4 V(> assessmt bonds.... 1917 M-N
4°o Corporate stocit....1957 M-N
N Y state—Canai Inapt 4e. 1900 J-J
New 4 %s
New' 4 %s
95 34
95%
t 95*4
t 95*4
t 89
110238
98
98
98*%
10
N. Y. STOCK EXCHANGE
Week Ending Dec 23
Since
■
Argentine—Internal 5s of 1909
'ti
BONDS*
Range
o'©
High No Low
100*4
100*4
10134
101*4
J’ly’io
102*5
Deo’10
114*8
Nov’to
114*5
Aug’10
100%
Oct ’10
J’ue’io
Nov'10
lo2 *5
100% 101*4 100*4
ioo34 101% 100*4
102
102% 10 1 **4
102 *2 102*5
102
101*4
115% 116*4 115*4
1 lo V 116% 116*5
100%
100%
(J S
D S
US
U S
U 8
U S
U 8
all—“and interest" —except for income and defaulted bonds.
was changed, and prices are now
:
bonds
Jan. 11909, the Exchange method of quoting
103 % Sale
82% salt
102 2 103
103
83%
82%
99
102
101
103%
103
98
103
Dec’ll
loi
101%
101% Nov’lu
84% b4% Dec’ll
85*4 84%
84*-
102
84
84
3
126
1
97%
4
tt_
>■
78
78% 78
102% 102% Mar'li
10U% 101% im% Aug’lt
7
81
~
94 %
Salt
80
100 % sale
103% sale
6
79%
79*.
96% Nov’i :
79%
80% >3*i‘J
lo0%
103 \
100%
103»4
07
67 % Alar’li
98
Alay’06
1) Flat. aDne Jan
...
Met St Ry gen
Ref g 4s
105
79% 87
100% 104
L01S4
99
105
99% 103
>23:A 85
85 t,
80
82
76
.«'2% 102 *t
102
100%
79
82%
93
95%
83 *4
77
100*4 104
104
100
67% 61 %
99
-----
d line A nr.
e
H
col tr
g
5s.l997
2002
BvrayA7tfiAvl8tcg6s 1943
Col A 9th AV lstgu g 68.1993
Rex AV A P F lstgugos 1993
Third Ave RR cou gu4s 2000
CentTr Co certfs stmpd...
Tlurd Ave Ry 1st g 5s..1937
N Orl Ky A Rt gen 4%s ..1935
St Jos RyRfcH A P lstg 5s‘37
at Paul City Cab con g ns. 1937
Tri-City Ry A Dt 1st s f 5 s. 19 23
Underground of Ron 5s...l92t,
4 %8
193.S
F-A
A-O
J-D
ii-S
Ad-S
J-J
J-J
J-J
.M-N
J-J
A-O
Vl-N
J-J
Income 6s
194fc
Uuion El (Chic) 1st g 6s..1946 A-O
United Rys St R 1st g 48.1934 i-J
United RRs San Frsf 4s. 1927 *-0
Due May
....
aDne.l’ne
/iDue .Dly
78%
48%
49% 48
IU1*4 Dec’10
101’a 102
98
2
98
2
100
98%
*47 *2
9b % Nov’ LO
97% 100
59
59%
*57%
60 *4
68% 59% i> 9
107 %
to7%
lob
85 *<
81% Oct T<
......
.'8
99
104
08*4
95
89%
37%
.
98 99%
..
...
38*4
60
81%
69
66
fcDue Aug * oDae Oct
82%
46
54
98*2 102%
96
102
99
69%
55
68%
Lu5 % 168 %
84% 87
96%
5 7 *4
Nov ’Of
07% Dec’Ul
98 %
98 98
Apl’ui
89%
8 *%
37'%
37%
84
80
100
74»4
Oct’08
Aug’l U
96
99
83* ’ ’*8*9%
31%
40
*79% *8*3**
65
74
Dec’10|
p Due Nov s Option Sale
1696
New York Bond
Record—Continued—Page 2
BONDS
N. Y. STOCK EXCHANGE
Week Ending Dko 23
JPrtce
Wtears
or
Last Sale
Friday
Deo 23
BONDS
Range
Range
Sifice
January 1
—
:
,
.
So seeSee
C MM AK St
P
Uak
& GtWaeo
alias
A T
j
Western—
lstoonsol guar 7s
1916
Registered...
1915
!
1st ref gu g 3 >28
2000
N Y Rack A W 1st 6a...1921
i
Construction 5s
1923
!
Term A improve 4s....1923
Warren 1st ref gu g 3 *28.2000
Del A Hud 1st Pa Div fa.1917
Registered
1917
i
I
j
'
f
108
108 V Oct ’10
V
111**4 112*4 111*6 Dee’lO
Moms A Essex 1st 7s...1914 M-N
10-yrconv deb
4s
1st lien equip g 4 *28
1st Aref 4s
-
J-D
J-D
J -D
J-J
F-A
M-N
M-S
M-S
93
93
J-J
J-J
Improvement gold 5s...1928 J-l>
1st A refunding 6s
1956 F-A
UtahCeutl8tgug4s
J
......
Sale
90
J-J
A-0
al917 A-0
,
106
Oct’10
98 *2 Dec ■ 10
120
38
Sep’10
93*4
93
91
90*a
83*2
83V 84
uQ
79
108^ Sale
110
04
89
74
Sep '04
Sep ’lo
Deo’10
106*2 109*4 108*4
108 V
120
120»a
85
Sale
119*8 118
64
81 *6
83*8
74*2
108*4
....
120*2
76*4
86
86*4
72
73
69 *2 Sale
86*2
122V
104*4 10g
Oct’10
85
lib
11
67
76 V
83*2
87*2
8b*a
1
80
108
Eq G LN Y 1st
City (Mo) Gas 1st g 6s 1922
Kings Co El L A P g 6s...l037
Purchase money 6s
1097
Ed El 11 JSku 1st oon
g 4a 1939
Lao Gas Lot St L 1st g 68.01919
Ref and ext 1st g 5s
1934
Milwaukee Gas L 1st 4S..1927
t.
| _* al Har ASA See So Fs*c Co!
4TaiH A Hof 18821st 6s.l913 A-O
Georgia A Ala See sea A lane'
Ga Car A Nor
110*2
Oot ’00
A-0
A-O
A-O
J-J
O-F
AO
M-N
J-D
102
106
69 V
......
Sale
65
Gray’s Pt Term Sm StLSW
Gt Nor—Ofl&QcoR tr4a
1021,*
Registered. A
......
100*4 100V
Sep’10
.....
........
.
**08** *i*o‘i*‘
100 V Dec’10
96 V Sep’08
105
Oot’10
61V Oct ’01
100
Oct ’09
102 V 103
103V
100
106
97
10IV 102
112 V 116
36V
102
100
80V
......
97
102
114
88
102 V 102
101v 100 V
89 V
92
......
60V
....
....
...
1
-
--
67
......
100
101v
4.01V 105 v
Mont
88
80
loHa
97
lOO
it)3V
97
102
102
4
10
Rue Jan
100V106
«9
89 V
101V
......
......
92 V
6DueFt%
1
High.
v'ldl V Noy’10 ...JlOl
114
A pi’05
95
J’ne’08
02
84
Aug’10
Sep’10
06
102*«
88*2
84
92
87
94*2
97V
J’iy’09
93 V
95*4 !
,
EMinnNorDlvlstg 4*1948
94 V
Dec’io
98
98 V
100
126 V 128 V
93
Dec‘10
123V
Apr H>0 ”*‘i!
i
Dco’lo
J’ne’09
1st gold 4a.. 1087; J-D
Registered
1937 J-D
!l
iNor’10
1*0*7* V
103V
97 V 100*4
uet *06
Jan ’lo ....'! 99V
Nov’10
113
,
A-0
Minn Union 1st g 6a.. 1922 J-J
MontC 1st gu g 6s....1987 J-J
Registered.
1937! J-J
1st guar goiu 6s
1937: J - J
Will A S F 1st gold 6s 1038 J-D
Greenbrier Ry See Chee A O
Gulf AS Ilatref A t« 5s 61062 J-J
96 V 320'
95 V 18
i
ext
i
99V
114V
Not’10] ....1125
112*2
89*2
l
MajVM)
I
112*2
113
1
J’ne’69
89
93
129
it
1
Dec’10
87
Hook Vai 1 st oonsol
g A Va. 199T J - J
Regietared
1990 J-J
CoTA H V 1st ext g 4s..1940 A-O
Col A Toi 1st ox 4s
1065 F-A
Hcmst RAW Tex See So Pao!
HonstATexCen NsstioPaeOo
I Rinoia Central
1st g 4a..19511 J-J
1
Registered
1061! J-J
let gold 3*aa
1951 J-J
Registered
1961! J-J
Extended 1st g3Vs
1961 A-0
1st gold
3ssterling....;.1961>»-S
94*4
93V
gold 4s
Registered.
A-0
A-0
M-N
M-N
M-N
J -0
IiomavDivATerm g3 Ve.1963 J - J
Middle Divreg5s
1921 F-A
Omaha Div 1st g 3s
1951 F-A
1962
1962
1st ref 4s
1056
L N O A Tex gold 4s ...1963
Registered
1953
Cairo Bridge gold 4a.. .1960
Registered.
.
91
Sep ’09
93*2May’o9
V
yyV Deo’10
*97
96
99
98*2
77*2
85
104
105 V
Yj 89*2
92
99
06
99
07*4 100V
V Dec ’lo
JNov’lU
90V
06
06
87**4 " 88*4
*7*7*4 **7*7*V
79vDec’Ob
89
Feb’10
101 *8 Oct *90
loo
Nov’OO
89
100V
97V Dec’10
96V Deo’io
117 *2 Alay’io
96 V Oct ’10
88V
80
06
98
H7V 117*
M*, 00
119*2 116
Uct’10
118
114V119
Mar’10
118
115
Oct ’09
97 *2 Mar’lo
98
J’ly’08
118
90
95*2 95**
108V! I07*a
.110
105
15
,Sale
67*a
Sait>
95*4
108
May’1C
103 *2 Deo’lU
15
Nov’10
103 V
103 V
67 *2
68
y4V
04V
73 V
Sale
iOL V
Kansas City Term! 1st 4s 1060
iventuckj cent ate LAN
KeokADeaMo beeCRIAP
Knoxville A Ohio See So Ry
73 V
63
Oct 'UO
101
101V
Nov’10
98
2
106
North Ohio 1st gug 6a..1946
100
*94
95
98
3
us
36
102*4 lot
67 V
04
77
12
71V
74
12
09
20;
35
08
V 103
08
108*a 112V
*a Mar 10
Mar’10
106 V 107 V
loav 112
Dec’10
Dec’10
106V 108V
Dec '10
Nov’10
iOct ’99
94*4 08
U2V 115V
106
106
93V
05
101*2 Feb’10
101*4 Sep ’00
101V 101V
110
Dec’10
110
112V
95*4
98-2
94
Oct'10
93
97
’eTv
05
96
05
99*4 Oct’00
109 V
90
07 V
102
16
Nov’oy
Mar’lo
96
94
98
94
97 V
61 107
HO
100V 112
110V 109V Nov’10
Lake
Erie 6a
A W let g 5a..1937
2d gold
1941
.1934 J-D
05 V
Apr’09
May’10
Muy’99
77V Mar’lo
1961, J-Di
...
93
J’ne’oO
06
loo
87 v
123
1961! J-Dj
L Sho A Mich ti See N Y Cent
Leh Vai N Y 1st gu g 4*28.1940
Register ed.
1940
Lehigh Vai (Pa) cons g 48.2003
Leh V Ter Ry 1st gu g 6s. 1941
Registered
1941
Leh V Coal Co 1st gu
g 68.1933
Leh ANY 1st guar g 4s..1946
Registered
1946
El U A N 1st pf 6s
.1914
Gold guar 6s
1914
Leh A Had R See Cent of N J
Leh A Wllkesb See Cent of N J
Leroy A Oaney Val See Mo P
cong Dock See Erie
Long Isl’d—1st eon g 5s./i-1931
-J
1st eonsoi gold 4s
£1931
•J
General gold 4s
1938 J-D
Jferry gold 4*28..
1922 M-S
Gold 4a..
1932 J-D
Unified
U IUUBU (VS
geM4a
48
1949 M-S
99 V 104
J’Jy’09
*97 V
int A Great Nor 1st g 6a.. 1919 M-N
2d gold 5a.
1909 M*S
Trust Co certfs
3d gold 4a
1921! M-Si
Iowa Central 1st gold 6s..1938 J -D
Gold 4s
1961»*-»!
James F A Clear 1st 4s... 1959
l
ai A A G K
See L ti A M a
TVan A Mich See Toi A O C
K C Ft ti A M
See St L A ti F
KCAMRAB See tit L A S F
Kan C A Pacific See MKAT
Kan Citv Sou 1st gold 3s..1950
Registered
i960
Ref A impt 6a Aur 1950
100
97 V Deo ’10
96
Dec'10
104 V Dec’08
100V
03 V
96
Next Page.
Electric Light
NYGELHAPg 6s...l948
J-D
Purchase money g 4s...1949 F-A
Ed El IR 1st cons g 6s..1996 J-J
NYA(jElLAPl8toong6al930 F-A
N Y A Rich Gas 1st g 68.1921 M-N
Pacific G A Elec Co Cal G A E
corp unifying A ref 6s 1937 M-N
68.1043 A-O
Refunding geld6s.......1947
CfcG-LACkelstgugfts 1037
Con G Co ef Ch 1st ra g 6s.’36
Ind Nat Gas A OR 30-yr 6s *98
Mu Fuel Gas 1st gn g §8.1947
Pliiladslphla Oo oonv 6s ..1919
tiyraonso Lighting 1st g 6s.’61
Trenton G A El 1st g 6s..1949
Union Eleo LAP 1st g 6s. 14132
Westchester Light*g g 5s.l95o
dfhie Apr
1
J’ne’10
91
94
89 V
*87
Mernph Div 1st g4a...1951; J-D,
8t L Sou 1st gu tf 4s.... 1931 M-S.
Ind B1& West
COCA St LI
I
lnd IU A la 1st g 4a
1960 J - J
on
36
99*4 Fel)’09
104
g3a.l95l! J - J
1951 J - J
1951; J-J
1961’ J - J
102 V
100 *2 Sep’08
93
Deo’iu
......!lb7 V Ap: ’07
g 3*as...l951 JWester
tern Lines 1st g 4a.. 1961
F-A
Bellev A Car 1st 6a
1923 J*I>
Carb A Shaw 1st g 4a... 1932
ChioStLAN O g 6s...1951* J-D
Gold 3*23
102*2
80
CoR Trust
Registered
Gold 3*23.
Registered
Spring Div 1st
102 V Sale
V
04V
U M.
Han
A St JoSeeSeeN (JY BN AHA
otxsatomo
Peo Gas A C 1st can g
110V115
«6V 90
*******
a
T
Dec’io
90
ib7V
....
103V
Mar’lo
Deo’10
Oct’10
Nov’10
«
.....1021 <*-J
St Paid M A Man 4#
1033 J- J
1st oonsol gold 6s.
1003 J - J
Registered
1833 J-J
Reduced to gold 4 *as 1983 J - J
Registered.
1033 J-J
BONDS—Continued
2 105
High
Low
Gila v G A Nor See So Pao Co
Gobv A Osweaat See N I Cent
Grand Rap A Ind See Psmi RR
Debenture geM 5e
106
106
60 V
No
Dec '09
115
101
112
*3 January
Last Sale
,
Range
Since
or
See sea A Line
See So Ry
Georgia Pacitto
Gas and
J-D
M-N
A-O
J-J
J-J
F-A
oon g 6a..1032 M- ti
Gas A Elec Berg Co c g 6s. 1049 J-D
Gr Rap G LCo 1st g 6s...l916 F-A
Hudson Co Gas 1st g 6s..l949 M-N
Kau
03
08*2 101*2
iU13(j£LLAN£OU8
Gas and Electric Light
Atlanta G L Co let g 6a...1947
Bklyn U Gas 1st con g 6a.l946
Buftalo Gas let g 6a
1947
Columbus Gas 1st g 5s
1932
Detroit City Gas g 6a
1923
Det Gas Co oon 1st g 6S...1918
73*2
113 V
116
90*4 103*2
104*2
100*.! 12
114
83
09
110*2 Nov’10
110
64
66
110
110
120
127
114 .114
Deo’10
100*4 Dec’06
89
87*2
J’ne’10
00
118
87*a
buv
101
110*9
100*4 Sale
loo
25
99VNot’10
100V103
108*2 108*2
100*2 103 V
103 *2 Oct ’09
90*4
91
74
111
106*4 106*4
y9V 99V
124*2 Deo’10;
114 Apr’lOj
luov
V
104*4 106V
73*4' 63
69*41 30
Dee’lo;
73
69
97
100
100*2113
110
111*4 111*4 111*2
111*2!
111*4
121
Dec’08'
80
94*2
86
118*4 122*2
Nov’09
74*2
75*4
85*2 Feb’07
-
>
87V
83
106*2 108*4
104*4 Oct ’10
100*2 D«»’10
106*4 Jan ’10
09V Feb'10
103*2
.....
04*2
....
j’ns’lo
100
103*8
101*2
-
-—-
108VNov’10
93
105
89
Erie A Pftfcs See Ponn Co
Evans A T H 1st cons 68.1921 J
1st general gold be
1942 A-O;
Alt Vernon 1st gokt 6*..1923 A-O
SuR Co Branch 1st
g 68.1930 A-O
L'aigo a So See Ch M A St P
I lint A Pere M See
Per© Mar
FlaCAPenm See Sea Air Lino
Fort St D D Co 1st a 4*28.1941 J*J
Ft W A Rio Gr 1st g
4s...1928 J-J
3
Week's
Range
Ask Low
,
106*2 Mar’db
119
08
100
04
88
Cct’iO.... 72
108*2
lb3V 14 1U6
88*2*90*
*
Jan’02
103
96*t 100*2
91
97*2
123*4 130*4
Brice
f'ridav
Beo 23
*» *>
Bid
tit Louis Div A term
96*2 102
92V 97 V
101*s 104*9
90*6
33 *2
97
12oV
[100
85
20
93
93
123 *a
118V
110*9
97V 101
101
102*2 lUl*»Dec’lo
101V Sale 1UO *2
10L*4
89*4 Sale
80*2
0b
105
y8
Feb'Ob
66
78
Dec’09
Mar’OS
85
J-D
J-J
Des Moi A Ft D See M A St L
DesMoi Un Ry 1st g6s.,1917 M-N
Det A Mack 1st Ren g 4s.l9y5 J-D
Gold 4s
i.1995 J-D
Det So—O ti Div 1st g 4s.l941 M-S
Dal A iron Range 1st 5s..1937 A-O
Registered...
1937 A-0
2d 6a
1916 J-J
Dul Short Line Set Nor Pao
Dai So Shore A Ati g 6a..1937 J-J
L'aat of Minn See St P M A M
-Clast Ten Va A Ga See So Ry
Elgin J ol A East lstg68.1941 M-N
Elm Cort A No See Leh ANY
Erie 1st consol gold 7s....1920 M-S
NY A Erie 1st ext g 4a 1947 M-N
1
2d ext gold 6a
1919 M-S
3dextgoid4*a8
1923 M-S
4th ext gold 6s
1920 A-O
5th ext gold 4a
192b J -D
N YLEAW let g fd7s.l920 M-S
Erie 1st con g 4s prior.. 1996 J-J
Registered
1996 J-J
1st oonsol gen Ren g 4sl996 J -J
Registered
1996 J-J
Penn coR tr. g 4s
1951 F-A
60-year conv A* A
1953 A-o
do
Series 13.1963 A-0
Bull N Y A Erie 1st7s..1916 J-D
Chic A Ene 1st gold 6s.. 1982 M-N
Ciev A Mahon Vai g 6a. 193b d-J
Long Dock conaoi g 6a..1935 A-O
Coal A RR 1st cur gu 68.1922 M-N
Dock A Imp let cur 6a..1913 J • J
N Y A Green L gu g 6a. 1946 M-N
i
N Y Sus A W 1st ref 6a.l937 J-J
2d gold 4*28
1937 F-A
General gold 6e
1940 F-A
Terminallatgold5a...1943 M-N
MW Of NJ 1st ext 6s 1940 AO
WiLkA Ea letgug6s...1942 J-D
Ev A Ind latcon gug6a..1926' J-J
04*2
123V
M-N
-
113
106
102*6 9eo’03
120
Oct’10
11534 118 140 Aug'Ol
98 V Sale
98*8
0b *2
101
101*4 101 Dee’lo
99*4 S&lb
99*4 lb»V
F-A
J
......
98 *2
85
117
120
1922 J-J
1943 M-N
A-0
Rio Gr J uno 1st gu g 68.1939
Rio Sr So 1st gold 4s. ..1940
Guaranteed.
1940
Rio Gr WestlBt g4s.... 1939
Mge and col trust 4sA.1949
Sep ’u»
118=8 Nov’10
117
107*4
1916 J-D
Alb A Sue conv 3 Vs
1946
Kens A Saratoga 1st 78.1921
Dei Riv RR Bridge See Pa RR
Deny A K Or 1st con g4s.l930
Consol gold 4*a8
1936
J ne’06
127
94
91
115
103*2 111*4
111*4 114*8
U-2
N. Y. STOCK EXCHANGE
Week Ending Dec 23
Chic StPMA O—(Con)
Bin
AahiLow
High No Lew High
Ch St P A Minn letg 6s 1918 M-N 122 V
127
123
123
J’ly’10
Nor Wisconsin 1st 6S...J930 J-J
122S, 127*2 129VMey’09
St P & 3 City 1st g
Ill2*8 Dec'll)
6s...1919 A-0 112
jlllV 114 V
Ohio A WestIndgeng6sol982 Q-M 109
110^1110*1 Dec’l©. ...!!108V 112
Consol 60-year 4s
Ul*i
93*4 92
92:,s
8 b8
1962 J. J
93V
Chic A W Mich See Pere Marq
Choc O A Gulf See C R IA P
Oln HAD 2d gold 4Va.. .1937 J-J
Oct. *00
113
Cln D A 1 1st gu g 6s...1941 M-N
2’ 101
105
106
103V 106
108
C Find A Ft W Jst gu 4ag.’23 'M-N
Cin 1 * W 1st go. g 48.1953 J-J
84
83
85
86*4 Oct '10
87*4
Ind Dec A W 1st g 6s...1935 J - J
101
104
102
10 L34 107
Sep ’10
1st guar gold 5a
107 *2 Dec 02
1935 J-J
CrStLAO SeeCCCA StL
Oln SAC See (J Q O St L
Clearfield & Mah See B R A P
04
Sale
23
f3
94
;OlevCmC& St JLgeng4s 1993 J-D
90*2 90*3
93*a
03 *a Dec ’10
i
Cairo Dlv 1st gold 4s....1939 J-J
93*2 93*2
93
Oln W A M Div 1st g 48.1991 J-J
90
93*8
t>3 V
94*2
93 *i Sai t
j 8t L Div 1st col tr g 4s..1900 M-N
92*2
93*2
89V 9&V
90
93
Get
'07
Registered
91
1990 M-N
90
I Bpr A Col Div 1st g 4a..1940 M-s
100V 96 Dec’09
91 *1 Sale
91*2
91*9
90
t W W Val Dlv 1st g 4a...1940 J-J
91*2
i
C I St L & C consol 6s..1920 M-N 105
106*4 105*4
105*4 Feb'10
1st gold 48
97*2
96*a Dec’10
£1936 Q-I
96*a 98 V
93 V 97 V 96
96
98
Registered
Amg’10
i
£1936 Q-P
108
Oct'10
106sa
103
i
Cin 8 A 01 con 1st g 5s. .1928 J-J
108
0 C C A 1 consol 7a
109*4 Dec'09
1914 J -D 106 V
Consol sink fund 7a.. ..1914 J-D
!
General consol gold 68.1934 J-J
126*4
126*a Dec'10
119
125*2
1934 J-J
Registered
94
J
A
W
\ lnd B1
1st pfCt 48.1940 A-0
’ly *08
i
O Ind A W 1st pf 5a...til938 Q-J
00
) Peo A East 1st con 4a...1940 A-0
Nov’10
9uV 91
89
94 *9
67
68
Income 48
68
Deo’10
1990 Apr
63
67
Oley A Marietta See Penn Kit
Oley A Pitts See Penn Co
66
69
Coi Midland let g 4s
68
Deo’10
65
1947 J - J
81*8
96
Sale
Colorado A Sou 1st g4s...1929 F-A
14
96*2
93
9b
97V
97 *a Sale
Refund A ext 4 Vs
1936 M-N
07*2
0? °B 67 94*s 99
Ft W A Den C 1st g 68..1921 J-D
113
Sale 113
113
1 111*2114
Colum A Greeny See So Ry
Col A Rock Val See Hock Val
Col A Toi See Hock Vai
Col Conn A Term See N A W
Conn A Pas Rivs 1st g 48.1943 A-0
99 V
Cuba RR 1st 50-yr 5 g....!952 J-J
100
100
May’10
100
A
Del Lack A
| VOL. LXXXXI.
ns
0Due May
R-S
J-J
J-D
M-N
102 V
86
101V
b7
86
loov ioiv
07VJ'ly’O9
91V 92V 01V
92V
116 V Aug’10
11CV 117
101V 101
101
102V 104
LO2VDec’10
101
100V 103
Not’IC
100
4-N
ioo”
98
98
91V 00
100 v 101
104
100
08
Nev’10
MarJ10
110
Mu) ’06
Oct’10
*- ti
£ Due J’ly
99 V108 V
80
87
110
111V
86
'10
100*4 Mar’lo
F-A
J-D
M-S
J-D
102 V
110V 111®^ llOVOct
100 V
102V 104
£ Due Aug
03
100
Aug’In
103V Deo’10
q
Due Deo
s
26
*7
2*6
91
93
118V 119
101
104
102 V 104 V
100*4 103
90
90
101
101
00
106
98
100
93
|100
106
Option 8ei6
Deo.
1697
New York Bond Record—Continued—Page 3
241910.]
°*
0
BONUS
**
N. Y. STUCK EXCHANGE
Wf.sk Ending Deo 23
O
i
Week’s
Range or
Price
Friday
Dec 23
V.1
sr
$<4
So
Last bale
A. 8 to
2?ta
Lott
BONDS
Mange
N. Y. STOCK EXCHANGE
Week Ending Dbg 23
Since
Si-lannary 1
Low
MT j.
Hxgti
Long Island—(Con)
944 100
95*4 964 96
Guar ref gold 4s
1949 M-S
M-S
Bklyn A Mont 1st g 6s..1911 M-S
L0i»s Deo’08
1st 5s
1911
103
N Y BAM B 1st con g 5s 1935 A-O
106
Apr *07
NYAfifi 1st « 5s
1927 M-S 101*4
104
104
r
104
101*4
Nor All B 1st con g gu5s ol932
•••» 954 96
96
94
964
Louisiana & Ark 1st g 5s.1927
1
lit
1124 1164
1154 116
114
Louisv & Nasliv gen g 6*. 1930 J-D
11V
1114 114
....1937 M-N 109
Gold 6s
86
9638
9641004
98^ Sale
Unified gold 4s
1940 J-J
974 874
Registered
1940 J-J
A-O
••••*
2>
••••••
....
Sink fund
Coll trust
1910
gold 6s
gold 5s
108
110
1931 M-N
J-D
M-N
EH* Naali 1st g 6s....1919
L Ciu & JLex gold 4‘as-..1931
N O & M 1st gold 6s....1930 J-J
N O <6 M 2d gold 6s
1930 J-J
Pensacola Div gold 6s...1920 M-S
3t L DiV 1st gold 6s
1921 M-S
2d gold 3e
.....1980 M-S
Atl Knox & Oin div 4s.. 1966 M-N
J-D
Atl Knox A Nor Istg6sl940
Render Bdge 1st s f g 6s.1931 M-S
Kentucky Cent gold 4s.. 1987 J-J
M-S
AM
....
113
117 4—106
111
113
....
....
....
I
....
110
91
Mich Cent bee N 1 Oeul
Mill alNJ
bee Erie
Mil L B A W bee Chio & N W
Mil A North bee C’h M & St P
Vliuii A St L 1st gold 7s.. 1927 J-D
Pacific Ex 1st gold 6s...1921 A-O
South West Ex 1st g 7s.1910 J -D
1st consol gold 6s
1934 M-N
1st and refund gold 4s..1949 M-S
Des M A Ft D 1st gu 4s...'35 J-J
Minn A St Leu bee B O it A N
M StP & S S M con g 4 mt gu ’38 J-J
M S S M A A 1st g 4 int gu 1926
Minn Un bee St P M AH
Mo Kan & Tex 1st g 4s. ..1990 J-D,
2d gold 4s..
01990 F-A
1st ext gold 5s
1944 M-N
1st & refund 4s
....2004 M-S
Gen s f 4 4s
1936 J-J
St LDiv 1st ref g 4s....2001 A-O
D&L A Wa 1st gu g 5s...1940 M-N
Kan C A Pao 1st g 4s...1990 F-A
Mo K A E 1st gu g 6s...1942 A-O
M K & Ok 1st gu os
1942 M-N
MKATof T 1st gug58.1942 M-S
Sher Bh & bo 1st gu g 5s.1943 J-D
Tex A Okla 1st gug os... 1943 M-S
Mo Pacific 1st oon g 6s ...1920 M-N
M-S
Trust gold 5s
stamped.a!917
Registered
al917 [M-S
gold 5s
1920 F-A
40-year gold loan 4s..... 1945 M-S
3d 7s extd at 4%
1938 M-N
1st coll
1st & ref conv 5s
1959 M S
Cent Br Ry 1st gu g 48.1919 F-A
Cen Branch U P 1st g 4s. 1948 J-D
J-J
....
3
98
H
3
)
.31
984 sale
084
994 100
99 V
8|
*
944
994
964
99
27 4
314!
4s
4!
*76** —!
j....
77
79
100
75
79
loo
j....
D ....'
130
101
132
118
loo1
1077! 108
75
74
92
87
0.... 131
Jan ’0
97 4
83
88
•
105
*
90
Ill
96 4100
82
874
105
100
6
784
83 4
101
59
•
•
■
| 994
2 [IOO
10241-
{76
814
....
21
564 (
....
994
....
5
....
u
....
89
96
914
95
86
87 4
0
.I
fell 81
1024
--J1
4115
l2l4
811441174
6
119
119
1144
674
...."l024
0
4
0
86 4
O....‘107
*80
944
75
94
90
109*5
d
Nov’lu
0....
| 94
96
bee S P Co
,
St L 1st 7s.l913
1st consol gold
Registered
1997
Deben g 4s
1934 M-N'
Lake Shore coil g 3 4s... 1998 F-A1
Registered
1998
F-A
934 bate
80
Bale
784 bale
12 10641104'
1084110 4
0.... 11541154
0.... 1084 1084
4
110
!"
)4
1
'
4
90
10
6'
,
0
....
0
....
93 4 954
87 4 92 4
1004 102*4
82
85
1
!
i!
i
4
>1
53
92
664
90*4
4
30
32
92
794
4
48
78
964
824
80 4
0
53
80
4
784
....
MISCKLL 4NEOUS
J-D
M-S
F-A
FA
F-A
F-A
A-O
J-D
J-J
J-J
J J
J-J
A-O
J-J
J-D
rDeBerO AiCo rug6a.l91o F-A
iotor Feel 1st s f 5s
a Iron Coal* Col st g
1953 J
-
96
994 Not’09
95
90
97
93
994 100
764 7734
90
85
102 4104
1044100
1044 106
100
95
1074
102*4
*6
974
Deo’10
Deo 10
i*K5’04
Aj
Bale
83
J’neTO
73
Feb’07
103 4
103^
....
11
1044 Oct TO
90
96
93
70
90
101
994
824
83
102
103
83
104 4
107
1044 Deo To
110
Jan'
1034 107
100
87
95
100
Jan TO
At
price Friday; latest, bid and asked. aDue-Tan 6Dne Feb
914 Oct TO
10L4
1004
101
......
---■
125
934
1004
884
1004 ‘bal©
884 90
994
Bal6
704
98
71
9041004
May’10
95
99
99
71
70
100
...
Mai TO
...112441204
123
2
Apr’10
*5
934
1014 1693
1
884
116
11/
110
|1U3
4-M, 91
J-J 1114
i
1004
85
71
44
••
04
064
99
1024
984 101
09 4 74
69
96 4
Dec’10
Feb TO
72 4
97 4
99
99
116
1154 1184
Feb TO .—'117
117
J’ne’10
,110 110
Oct To
>103
1034
’
964 Apr’10
92 4 Nov’lU
.1114 Deo’10
964
92 4
'I
.1
..
07
07
91
934
94 41084
804 00 4
J 1044 106
954
92
1244
964100
1
Deo 10
99
i
1014
1264
..."123
904Nov'1O
90
98
Deo’10
Nov’io
964 Deo’10
1004^ale
92
994 1024
20 1304 135 4
165 i 964 1034
'112 4116
105
97
......
90
92 4
90
11
120
123 May TO
984
984
97
924 934
10^
80
96
Dec’10
1014 J ne’06
96
128
1224125
984 99
123
99
97 4100 4
7!
101
100
1004
125
21'
99 4
994
100
Dec’09
^
99
89
914 Nov’10
904 91
1004 101
100
Bale
95
1104 1104
974
924
11041114
gold 5s
1919
Consol gold 4s
1943
Convertible g 3 4s
.1912
Convertible g 3 4s
..1915
Consol gold 4s
1948
Alleg Val geu gu g 4S...1942
J-D
M-N!
M-S
M--N
M-N
J -D
MK
M-S
DiiRR&Bgelstgu4sg.’36 F-A'
Pliiia Bai * W 1st g 4s.. 1943
BoaBay* Bo 1st g 6s...1024
U N J RR* Can gen 48.1944
Penn
jnn Co—Guar lstg 44s. 1921
103
09 4
Bale
102
AugTO'
1094 Jan ’00!
103
103 |
99
1 554
964
10341034
103
100
102
1034
102 4 106
994'
«74 102
56 4 304
94 4 974
104 | 38 1014 1044
Oct TO!....1 100
1024
944
.
ioni iu‘14
1014 Deo TO1.
102 dan’03'
M-S I
1034 May TO ....'103 104
J-J i 1034 108 7e 108 4 1084
6103 106
M-N
1014
J-J! 100
1921 J-J
Guar 34s coll trust reg. 1937 M-8
Guar 3 4s coll tr ser B...1941 F-A
Tr Co certR’s gu g 3 48-1916 M-N
Gu 3 48 tr Ctfs C
1942 J -D
Gu 3 4str Ctfs D
1944 J-D
on
103
110
1024 1084
1044
1044
1044
1034 Feb TO!
102
87
88
894
89 4
974
874
584
894
504
50
..! 1034 1034
90
AugTO!.... 90
88
914
954 584
87 90
Aug’lO
894 Deo TO
974 Deo TO
87
91
Deo’09
Next Page
Manufacturing Si industrial
Deo TO
L07
Mj
105 4 Deb’06
99
J
5s. 1949 M--S
99 4
76 4
914
I
Consol
BONDS—Continued
Coal and Iron
Buff ASusq Iron s 15s. ...1932
Debenture 5s.....
a 1926
Cm k * i Co gen s f g 6s.. 1943
Convertible deb g 5s
1911
Col indu 1st* coll os gu..l034
Contis’talC letsf gu5sg.l052
Gr Rir Coal & Clatg 6s.. 1919
loll * Clear C* I lstg5».192H
Kan*UC* Cistsfg&8.195l
Pocah Oen Collier lets f 5s.’57
Bundajr Creek Co g 5s
1944
Penn Cecil gea 5s
1951
Tena Dir 1st g 6s
al917
Bins Div 1st consol 6s.. 1917
Cah C M Co 1st gu g 68.1922
102
100
89 4 92 4
26
88
92
40
92
954
|
30
92
964
ue’96
Dec’10
Dec’09
J’ne 08
86
J-J 1344 Sale 1334 1344
J-J! 10041004 1004 1004
1124 oct TO
M-N 112
L07
Aug’09
M-N 1014
mo Riv RR
bee oalt * O
Ore * Cat bee Bo Pac Co
Ore tohort Line bee U a Pao
Oswego * Rome bee NYC
l>ac Coast Co 1st g 6s....1946
A ac ot Missouri bee Mo Pac
Penn RR 1st real est g 4s.1923
Registered
874
914
994100
984
J*D
104
Uind * W bee C C C * Bt L
bee B A O
J-J
1064
1004 -5s......192b A-O no 1104110
115
Jasper Branch 1st g 6s. .1923 j-j I 1164
McM M W A Ai 1st 6s..1917 j-j
T & P Branch 1st 6s....1917 j-j,
Nash Flor A Shef bee L * N
944 94V 944
Nat Rys of Mexpr 14 4s 1957 j-j;
90
Guar gen 4s
| 894
1977 A-O
1004 101
Natol Mex prior lien 4 4s. 1926 J-J
1951 AO
1st consol 4s
834 844
New HAD bee N Y N H A H
N J June RR bee N Y Cent
N Y Bkln A Man Bch bee L 1
N Y Cent A H Riv g 3 4s. 1997 J-J,
894 Salt : 894.
\T asli Chat A
85
119
99
98
90
88 4 86
.....
pl992
110
104
1104 Oct TO
....
M-S:
3 107
....
1094 U5
1084
97
100
934
19371 A-O
1st consol gold4s
1968
Wash cent 1st g4s
1948
Nor Puo TerCo 1st g 6s..1933
Nor Ry Cat bee so Pao
Nor Wia 8’seCStPM*0
Nor * Mont bee N Y Cent
984
109
oct ’07
100
Deo’09
1304 Jan’09
Registered certiiic’s.,1923 4-F1
HU
St Paul * Dul 1st 6s....1931 F-A TO0 4
2d 6s...
1917 A-O 10 L
103
86
15! 824
844
102 4'
122
122 4
120
107
F-A' 116
....
83
934
1104
St Paui-Dul Div g 4S....1990 J-D
Dul short L 1st gu 5s..1916 M-S
C B A v eell tr 4s
bee (Gt N or'
St P * N P geu g 0s
1923
....
93 4
934
93 4
1104
1997 4-J
General lien gold 3s
<42047 4-F
Registered
....<12047 4*F
lob4
934
954
| 804 914
yo4Dec’io
804
884
934
9308
934
984
904
88
Registered
00 4
110
ii3
3 1054 no
107
I ey ’o 9
89 4
10-25 year conv 4S....1932 J-D
Paiah C * C Joint 4s.. 1941 J -D
CC* T 1st gu g 5s
..1922 J-J
Bcio VANE 1st gu g 4a 1989 M-N
North Illinois bee Chi * N Wl
Nor til Ohio bee L Erie * W
!
Nor Pac—Prior lien g 4s.. 1997 Q J,
....
0
0
125
Jliv’l lstldS gen g4s...1944 J-J
1024
iHIO
594
93
1014 1024
J’ne’09
Peb’08
Nov’ 10
,115
'100
100
NY* Put bee N Y C & H
N Y * R B bee Long Island
N Y B * W See Erie
N Y Tex * M bee Bo Pao Co
,
Nor* Bouth lstgbs
1941'M-N'
Norf * West gen g Os
1931 M-N
lmprovem’t* ext g 6s..1934 F-A
New River 1st g 0s
1932 A-O
N * W Ry 1st oon g 4s. 1990 A-O
Registered^
1990 A-O
85*4
904
....
4
0
5
.
1064
7
4
0
.
98
1694
Regis $5,000 only
....
1094
111
63
934
58 4
!i05
106 4
118
121
114 4 U6
63
90
98 4
lu5
luo
2
89 4 93 4
0.... 106
113
4
i >103
108 4
0
1100 4 105 4
y....
108
0....
in
4
10 :107
110
84 4 bait
964100
....
984
Jan ’08
J’ne’iO
'102 4 Feb TO
1 84 Oct TO
I 92
J'ne’09
110
108
1937 A-O
N Y N H * H—Conv 68.. 1948
Conv deben. 34s
1556
Houeatomo ii oon g 5s.. 1937
N H * Derby oon oy 58.1918
Y & North See N Y C * H
N YU* VV rel lstg 4s..pl992
....
.
1014 1014
77 4 77
98 4 »6*«
904
90*4 bale
92
924
85
86
M-S
814
014
....
90
101
834
67 4
87
.
....
....
109
1064 109
93 4
1024 1U9
0
u....
9
0
104
83
4
■b
1094 113 4
107 4
1074 —
101
•
1024 103
10 J 4 bale
10 i 4 Brio
....
v
132
il05
[104
103
95
82 4
Debentures 4s
1931 M-N
West Biiore 1st 4s gu...2361 J-J
Re gis tered
2361 J-J
f Y * Green w Lake bee Erie
I Y & Har See NYC* Hud
I Y Lack & W See D LA W
( Y L E A W See Erie
ioo4ioi
83
-
90
3
Jan’1 0
I014 Sale 101V
78 4 «<>4 79
85
85 480
104
89 4
....
0....
96 4
93
83 4
«...
0
97
97
82 4
i
0
103
1952'M-N
..
1314 Jan 09
107 4
10641104 107 4
1929; A-O
1st gug 3s.1989. J-D
Bat C * Stur
N Y cine* 8t L 1st g4s
1
------ --•--•••
29-year deb 4s
77
79
100
...
'
--- - ...
1951'M-S
34s
Registered
Morris A Essex Seo Del L A \Y
J L * S 1st g
1st g 3 4s
j....
bee St P M A M
Morgan's La A T
•No
Registered
....
I 984 J’neTO
93
[106 '■.,ct.02
! 93 Aug* 10
...... ......'108
Oct 09
974 984! 954^ov 10
1931; Q-M
1940 J-J
1940 J-J
Registered
High. No Low High
8 78
824
794
794 804
97
984
! 984 Deo’10
984 984
1 984 Nov’lO
79
97 4 Apr 09
Pitts A L Erie 2d g 6s.al928 A-O
PittsMoKA Y 1st gu 6s. 1932 J-J
2d guards...*
1934 J-J
McKees* B Vlstgbs 1918'J-J
Mich Cent 5s
...1931 M-S
934 984
Since
January 1
....
98 4
1928 M-S
^1931 M-N
25-year g 4s
KaA&GRlstgucos.1938 J-J
Mahon CT RR 1st os..1934 J-J
iio4
Range
1
Ask Low
794
1064
804
1997. J-D
Registered
Debenture g 4s
1094114
88 4 94
...
904
974
104
A-O
W
94
'!
Last Sale
9S4
OgALCliamlstgu4sgl948 J-J
Rut-Canad 1st gu g 4s. 1949 J - J
St Law * Adir lstg os. 1996; J-J
2d gold 0s
1996i A-O
Utica A Blk Rivgug4s. 1922; J- J
Lake Shore gold 34s....1997; J-D
102
106 4
894 92
1064 112 4
110 4
no
M-S'
F-A
-F
954
112
....
110
94
109
110
1064 Sale
4-J
91
110
....
J-J
A-O
J.J
J-D
114
...
ill
92
Leroy A C V A L 1st g 5s 1926 F-A' V.lVJi
J-J
M-N
113
....
....
10741124
994
1104
106
1214 1264
11841184
105*4 1104
....
71
—
91
92 4 93 41
112
112 4115
110
.
103
94 4
94 4 Sale
103
102 4
894 89 4
2d eons me g 3s trust recte..
Mox Intet natlstcou g4a.1977 M-S
Stamped guaranteed
1977 M-S
Hex North 1st gold 6s....1910 J-D
Mont Cent
103
....
113
110
L114 115
....
714
i'lanliaitan Ry c-oiisol 48.1990 A-O
iiegisleieu
1990 A-O
Stmpd tax exempt.. 1990 A-O
!
Mclv'pl A 11 > See N Y Cent
Mex Cent cone g 4s
1911 J-J
1st cons me k 3t*
a 1939 J’iy,
Monongaliela Riv
oct
....
F-A
J-J
F-A
F-A
M-S
Pac k of Mo 1st ex g 4s.1938
2d extended gold 5s...1938
St L Lr MA Sgeu cou g 5sl931
Gen oon stamp gtd g 5s 1931
Unified A ret gold 4s..1929
Riv A G Div 1st g 4s.. 1933
Verdi V 1 & W 1st g 5s. 1926
Mob J A K C 1st cons g5s.l9o3
Mob A Ohio new gold 6s.. 1927
1st extension gold 6s.. ft 1931
Geo oral gold 4s
1938
Montgom Div 1st g 6s..1947
St E«fe Cairo coil g 4s..*1930
Guaranteed g 4a.
1931
Id A O coil 4s bee Southern
Mohawk A Mai b'eebi Y C A ti
115
104410#
1224
LAN
lstg 4 4s 1945
LAN-South M }oint4s.l952 J-J
N Fla & a 1st gu g 6s... 1937
N & C Bdge gen gu g 4 4s 1945
Pens A Ati 1st gu g 6s..1921
S A X Ala con gu g 5s.. 1936
L. A Jell BdgeCo gu g4s..1945
L, N A A Cfi bee Cl* 6
1.1 alion Com
bee L b * M 8
107
....
Mange or
s"3
80 41)60*10
Cart A Ad 1st gu g 4s...19811 J*D
Gouv A Oewe 1st gu g 6s 1942 J -D
Moh A Mai 1st gu g 4s..1991 M-S
N J June R gu 1st 4s. ..1980 F-A
NY* Harlem g 3 4s...2000 M-N
NY* North 1st g 5s...1927 A-O
N Y A Pu 1st con gug 4s 1093 A-O
Nor A Mont lstgug os.1916 A O
Pine Creek reg guar 08.1932 J-D
R WA O oon Istext5s./il922 A-O
Oswe & R 2d gu g 5s...01915 F-A
RWAOTRlst gu g 6s.l9l8,M-N
Rutland 1st con g 448—1941! J-J
...
Friday
79
Registered
1930 J-J
2d gu gold6s
1936 J-J
BeecliCr Extlstg 3 48&1951 A-O
—
S‘s
Week’s
Mia
g3 4s....1998 F-A
Registered
1998 F-A
Beech Creek 1st gu g 4s. 1936 J-J
r
3
Price
Dec 23
Mich Cent ooll
~i
...
...
«0*«-
2
e
100
944100
Allis-Chatmers let 5s
1996
Am Ag Chem 1st c 5s
1928
Am Cot Oil ext 44s.......1916
Am Hide * L 1st s f g 6s..1919
Amer Ice Secur deb g6s.. 1925
Am Spirits Mfg 1st g 6s.. 1915
Am Thread 1st col tr 4a..1019 J-J
Am Tobacce 40-yr g 6s.... 1944 A-O
4s
....1951 F A
deth Bteei 1st ext sf 5s.. LlLe - -J
.'ent l^eather 20-year g 5s. 1926 A-O
ConsT Tobacco g 4s
1951 F-A
Corn Prod Ref a f g 5a....1931 M-N
1st 25-year si 6s
.2.. 1934 M-N
Cuban-Amer Sugar coll tr 6s T 8
Distil aec Coroonv 1st g 5s.*27 AO
E I duPont Powder 4 4s.. 1936 J-D
Due May firDne 7’ne h Due J’ly fcDue Aug
o
754 774 78
784 43 72
2 100
1024 1024 1024
1024
96 4 974 964
90 4
8
934
96
12
92
954 964 054
65
65
65
664 65
97
Deo’10
94
944 98
92 4 93
89
924 Deo’10
105 4 Bale 105
L04
63
1064
4
80
80
Sale
804 291
764
83 4
864 Bale
864 72
864
97
904 San
994 97
994
79 4 804 80 Nov’lG
764
97
97
i 93
974 97
91
95
95
95
12
934
90
Sale
85
77
81
Due Oct
v
95
95
77
83
Due Nov
78
Deo’10
q
2
75
....
Due Deo
95
67
83
/Flat.
844
734
LOl
93
97j
96:
97*
78
88
1698
New York Bond
Record—Concluded—Page
[VOL.
4
T.TfYITI.
■«i
BONDS
N. Y. STOCK EXCHANGE
Week Ending Deo 23
18 -2
Price
Friday
fe!
5^1
Pennsylvania Co—("Co?!;
Pec 23
Week?t
I
Range
or
Last Sale
Range
BONDS
Since
N. Y. STOCK EXCHANGE
Week Ending dko 26
'January
J
Price
Sts
«. -o
Weekft
Friday
Range
Pec 23
Range
5 0
or
Since
Last Sale-
January l
Bia
abh Low
High Xo Lo w High
Bid
Ask- Low
A-O
High A'0 Low High
98%! 98% Dec TO ...*[ 94*3 99
So Pao Bli 1st ref
94 Hi Sale 1 94
4s
1955 J-J
M-N 100%
94°fc i72 **3*4 96 78
110
Jan ’05 ...,|l
Southern—1st
con
107
Hi Sale 107 H.
g 5s.... 1994 J-J
43 103 *g 111 **4
108
106
J-J
!110% Jan’09
j
Begistered
1994'
J
J
..110
A-O 100
May’09
i09a4 J’ly’oo;.... i....
Develop
Series C 3%s
<&
gen
4s
Ser
A.
1950'
1 7534
70*sisaib
A-O
200
1948 M-N
90 Hi
70 V
73
1
96
8178
Aug’09!
I
Mob & Ohio coll tr g 4s.. 1938!M-S
Senes D 3%s
80*3 84 *4! 83 *3
1950 F-A
91 Hi
1 ' 83Hi 90*3
83*3
90
May’08
Mem Biv 1st g 4*2-58...1990 J-J
Erie db Pitts gu g 3 ‘as B.1940 J j
107
110 |108
90
93
100
Sep’iu
110
92%Nov’l0
i 91
St Bouis div 1st g 4s....1951
92%
Senes C
85Hi 8S I 85
J-J
90
1940 J-J
93
Bec’10
80*3 87
98% Apr ’04 ....'I
Ala Cen B 1st
Gr Bdb lex lstgu g4%sl94ll J- J
g Os
1077fc Nov’l C
100
1918|J-J H»7
107 V 1077g
106*8 104H» Oct ’09
'
Atl & Danv 1st
89
1 0*3: 93 ‘ Nov’10
Pitts Ft W db C 1st
g
4s
104
1948, J-J
7s...1912| J-J
89*4 93 H,
2d 4s
104*sBec’10;
104 % 100
2d7s
82*4 82V 82,H. Oct ’10
.1948'J-J
104
.1912 J-J
8*2 Hi 82 Hi
104*4 Nov’10
Atl & Yad 1st g
.'104*4 105%
3d 7s
guar
48.1949!
A-O
fcl912A-0 103%
107
Oct’08I.... I
Col dc Greeny 1st Os
Pitts Ydb Ash 1st con 58.1927 M-N
19101 J J 100*3
1U7
1 00 *3 ' utj ‘2
looH; Nov’ i 0
109
May’lOj-... 109
109
EX Va&Ga Biv
10 i *3 109
PCC db St Lgu4*08 A...1940 A-O 106% 108
110
g 6s..l930! J J
Feb’ i v
lll>
100
107
Deo’101.... 107
107%
Con 1st gold 5s
Senes B guar
no
1
1950
M-N
no
10
2
1942! A-O!
107 % 10?
109
Oot’lOl.... 103 Hi 10734
111*3
E Ten reor lien
Senes C guar
g 5s
1938 M-S
IO!*1*
100*3
0
Nov'l
104%
106*3 Bec’iol.... 100 Hi 100 Hi
104®8 i 00
1942,M-Nj
Ga Midland 1st 3s
.....i
Senes D 4sguar
1910 A-O
07
05
1945 M-N
N'ov’uo
..!
98°6 Bec‘ iO .... 97‘4 9834
Ga Pac By 1st g Os
113
Genes E 3% guar g....l949 F-A
1922 J-J
ov” 0
.J
90% 93
112%
91*3 Dec’10,.... 90*4 94
\
Knox & Ohio 1st g Os... 1925 J-J
J 10
Series F 4s guar
118
1 LO
Nov’l it
1953 J-D
114
110
jj.ou& Rir prior lieu
C St B db P 1st con g 6s.l932 A-O
105 Hi
g6s 1945 J-J
105 H. Nov’l 0
113
115
i u5 *2 105 Hi
112 Hi Deo’lu
111 Hi 112 *3
Mortgage gold 43
Pensacola & Atl See L & .Nash
1945 J-J
82
N ov’08
Bich & Ban con g Os....1916 J-J
Peo db East See C C C db St B
104 8, 103
i 05 H/ 10014
105*3 <>cl ’ 10
Beb
os
Peo An Pek Un 1st g 6s
10 4*%
stamped
1927 A-O
107 6s
1921
1U5’j4 Nov’ K
105
112
Feb’10
107J4
,112
112
Bich & Meek 1st g 4s...
2o void 4 4s
7
i
1948 M-N
/ 0
01921
93 Hi 97
Uct '08
96
Oct ’10 ....! 90*3 95
So Car dfc Ga 1st
Pere Marquette—Bel 4s..1955 J-J
g 5s....1919 m-n; 103*6
11 *3 *3
09
0 J *3
t 102
104
69*4
Bec’iu
....:
07
79
Virginia Mid ser C os...1910 M-N 1 luo1.
Oil As W A1 58
112
uct ’O',
1921 J-D
100% 101*8 101 Bec’io ...Jiloo 102*4
series D 4-5s
Flint & P Al g 6s
1921 M-S! iu3 Hi
110
1920 A-O
108*9 Bee Ob
lU8Ht SeP ’I'*!....'1108*3 112*4
Series
E
5s
1st consol gold 5s
1920 M-Sl 105*%
101
102
1939 M-N
107% Bee’09
101
Aug’10
101
General 5e
Pt Huron Div 1st g 5s. 1939 A-O
....1930 M-N lOO *4
105T Nov 10 ...' 1U6 Hi 1078*
103
Bee’iO —jjlOl
102
100
-J'lOi
Guar stamped
105
1930 M-N
*g
SagTusdo H lstgu g 4s.1931 F-A
106 *8 N 0 v 10
105 *« 105 H.
...II
W O 6a W 1st
Plul B db W See Penn BK
80
cy gu 4s..1924 F-A
91
Feb TO ...i|9l
91
West N C 1st con
104
J J
86
g
Os..1914
1
89
00
Philippine By 1st 30-yr s 14s’37 J-J
M
*6
105 Hi lOO *«
«»> ’ u>
89*s J’iy’10
88
90
3* N Aia
See L As N
Pitts Cm <fc St B See Penn Co
ll
Spokane Internal 1st g 5s 1955 J-,
lUl *3 102
Pitts Cleve & Toi See B & O
102
101*3
13 101 *3 102
I er A ol St
1st g 4 ‘as.. 1939' A-o
iUo *6
Pitts Ft W db Ch See Penn Co
104% Oct TO
1 1st con gohl 5s
1o4*4 107*3
Puts McKees db Y See N YCen
l&94-i944l F-A 1 lo
100
109
AugTu
1 l5Hi
Gen refund s l g
Pitts Sli db L. E 1st g 5s... 1940 A-O
93
*s
112 %
98
Bee
195oj
lu
J-J
1 90
98*3
112%Nov’10
1 •2
St n, M Rge
112**,
1st consol gold 5s
Tergu g 5s. 1930! A-O, loV Hi 108*4 109
1943 J-J
Nov'l
b
109
lU9*s
33% J’ly ’97
lex dc N O See So Pac Co
Pitts & West See B db O
TexdfcPac 1st gold 5s
20U0; J-i>, 110 % Sale no
|> eading Co gen g 4s
1997 J-J
11‘0 Hf 22 11-8*3 112*3
9734 98
98
98*4 42 97
100
2d gold inc 5a
ll Begistered
8j
v2oUO!Ma; i
70
-Si ill ’ 1 0
1997 J-J
93*4 98 Nov’10
..^
70
70
95
Ba
Biv B B 1st g os
98-4
I931i
J
J
98-’b
loO
Jersey Cent coll g 4s...1951 A O
97% 973b
8><rp ’09
97 s
95
98 s
W Mm W dc N W
Bensseiaer db Sar See B db U
lstgu os’30 F A
lOOHi
Nov’04
i’ol dc U C 1st g os
109
Bioh db Ban See South By
1935 J-J
‘
10734 Dec TO
lUO
112*3
Western Biv 1st g 5s... 1935 A-O
109 Hi 110
Blch db Meek See Southern
1 L2
8>cp’uy
General gold os
Bio Gr- W est See Den <& Bio G i
1935 J-B'*
101
loL
10 L
1114 7b
2,
Kan <fc M 1st gu
99
89 Hi
Bocli db Pitts See B li db P
91 Hi
g 4s....l99u A-O
94 *4 Mar'l
90 Hi 94 *4
Pol P cfe W 1st gom
Borne Wat db Og See N Y Cent
90
4S....1917 J-J
92 *3
91 Hi
91 Hi
4
91*3 93 Hi
XolStBdc W pi lieu go ^.1925 J-J
8 i> *8
Rutland See N Y Cent
8/
a?
90
AuglU
50-year gold 4s
1950 A-O
76 *« 76*3
Cay Tus & H See Pere Marq
75*a
70
81
Colitr4s g Ser A
Ot J o db Gr Isi 1st g 4s...1947 J-J
81
.1917 F-A!
82
87
88
Bee
To
82*3
87
Bec’10
80H.
80*4
Tor Hainds Ruji
87
94
So ‘4
St B db Cairo See Mob db Ohio
lstg 4s./tl940 J -D!
89
J’ne’lO
87*4 91
luo
8t L db iron Mount See M P
J-B
Sale 105*3
100
12 100
100
con
g
1st
refund
83 4 80
g 4s
St Jl. M Br See T B B A ol St L
1952 A-O
80
Oct
’09
Uu Pac BR dc 1 gr
lOi Hi Isaac 10U7b
8t Bouis dbSF—;Jeng 08.1931 J-J
g 4s...1947 J-J
118% 120% 120 Apr’IG
101*3
138'
99*>4 102
120
124
Registered
lUO
1947 J-J
General gold 5s
TOO
107
100
1931 J-J
107 3, 107
3 I 98*y 101*3
Sep’10
105
1u834
20-yr conv 4s
1U3 7e 8aJ»- TU3**
St B db S F Bit cons g 4s..’90 J-J
1927 J-J
90
lU4
9u% 89*4 Bec’io
197
101
116-*4
1st dc ref 4s
89*4
Gen 16-20 yr 5s
90*4 907b 96*4
...^2008 M-S
80 Hi Salt
97
52 ! 96
J927 M-N
-Os 43 84
98**
80*8
ure By
90
Nav con g 48.1940 J-B
9o 7ft bale ! 96 Hi
South w Biv 1st g 6s.. 1947 A-O
99 3i
l
96 7e 17 i 94
yy*4 Oct '10
98*a
99
Ore Short Bine
100*4
114 ^4 115 111434
F-A
lstg
Os..1922
Refunding g 4s
1951 J-J
116
3 113*4 117
80% salt
37 i 78 S 85
8U*a
81
1st consol g 5s
1940 J-J
HIS 112 !1I2
EC Ft S & M Gong Os.. 1928 M-N 116
112*4 21 108*4 113 7*
110
116
1' 114
117S
Guar relund 4s
1929 J-D
KCFtSdbM By ref g 4s 1936 A-O
927b sale | 9234
77
Sale
79!
91
77
77 S 3o;i 76
93
>4
82
947#
Begistered
.1929 J-D
K C db M B db B 1st gu 6s. 1929 A-O loo
I 94 Jan’09
100*4 Dee'O
Utah <& Nor gold os..1920 J-J
loO
Oz’rk db Ch c 1st gu 6s g.1913 A-O
T07
*«Bec’o9
97*4 97*3 97*4 Bec’10
UuiNJ
BB <fc C Co See Pa Bit
90S 988m
A% Bouis So See Illinois Cent
Utah Central See Bio Gr Wes
St B S W 1st g 4s bd ctfs. 1989 M-N
89% Sale
89 78
14
10
U tali tte N orth see Un
88
93^
2d g 4s ino bond ctls...pl989 J-J
Pacific
79
83
82 S
1
MS
79
U tica db Black B See N Y Cent
82 S
Consol gold 4s
74 H* 75
1932 J-D
75
75
10
72S 79-fc
FA
98
Nov’08
Gray’sPtTerlstgugSs 1947 J-D
9u%
1955 J-J
g
l01*sA.P*'0?
era
St Paul db Bui See Nor Pacific
Cruz&Plstgu4Hisl934
90
Apr TO
90
96
Ver Val Ind db W See Mo P
St P Minn & Man See G t Nor
Virginia Mnl See South By
St P & N or Pao
See N or Pac
Va dc Southvv’i 1st
107
StP db S’x City See C St P M dsu
110 Hi luo
gu 58.2003 J-J
J’ly TO
106
108
1st cons 50-year 5s
93
1958 A-O
S A db A Pass lstgu g 48... 1943
94*4! 04 Oct TO
86
8634 86 S
S634
| 94
98*t
S3 S 88S
M-N
8 F db N P 1st smk l g 5s. 1919
10834 1095* lU87g ioy
99 Hi
104
Oct '05
31
107
2d gold 5s
113*4
1939 F-A
Sav F & West
98H* 99
99 ”Bec’10
See Atl Coast B
98
103*a
Debenture
series B
1939 J-J
luo
Scioto Vai db N E See N or & W
80
86
J’iy’10
86
1st lien equip s fd g 5s.. 1921 M-S
97 *3
Seaboard A L g 4s stamped ’50 A-O
99
Bec’lU
84*4 S8
99
6
102
86*4
1st
lien
50
81S
8678
yr g term 48.1954 J-J
Coll tr refund g6s
83
83
1911 M-N 10U
83
5
Bec’10
90
1st ref and ext g 4s ....I960 J-J
99
100S
03 Hi ttaic.
Adjustment 6s
11
dale
03*s
ol949 F-A
04 7b 101
77*6 220 09*a 78S
66*4 77*%
76*s
Bet db Ch Ext 1st
108
g 5s..1941 J-J
Atl-Birm 30-yrlsi g 4s.el933 M-S
108*4105
84Hl 85 Hi e5
J’ly
TO
106
86
4
..J;
Bes Mom Biv 1st
107*4
80
87
g 4s..1939 J-J
Car Cent 1st con g 4s...1949 J-J
83
Dec’09
91
11
Oct lc
92
Cm Biv 1st g 3H»a
91
92
1941 A-O
76 **
Fla Cen db Pen 1st g 5s. 1918 J-J
75 *« Nov’10
101*6
72 “3 77
103
Apr TO
Tol
db
Ch
Biv
1st g 4s... 1941 M-S
-J 103 103
1st land gr ext g os...1930 J-J
83
Sep TO
101*8
83
90
-Jl
Wab Pitts Term 1st g 4s.
1954 J-B
Consol gold 6s
48 S
48*a
1943 J-J
104%
Bee to
33
3
104
52*3
Trust co certts
;100J4
104
47
47 *s 47Hi
Ga db Ala By 1st con 5sol945 J-J
104
105 *4 106*8 Beo’io
48a4
32
52
54
2d gold 4s
!|I04 105°t)
1954 J-D
7
Ga Car db No lstgug 5s 1929
034
7*4 11
4
10o68
lu4
11**
J’ly To
Trust Cocertls
104
104S
7
Seab <& Boa 1st 5s
7*4
1920
l04“4
7*4 49
4
100
Apr To
Warren see Bel Bac db West
12*9
100
100
Slier Slir db So see M K db X
Wash Cent See N or Pao
Sll Sp Oca db G see Atl Coast L
Wash o <fc W see Southern
Southern Pacific CoWash Term! 1st gu 3 *38.. 1946 F-A
Gold 4s (Cent Pao coii).«1949 J
88*3 89*3 Nov’10
Pl’h 9l78
88*3 90*«
92*4 63 f 89
West Maryland lstg 4s...1952 A-O
95
Begistered
86*^b Sale
/cl 949
92
80*4
86^b 143 82*4 86*4
Oct ’lu
91
Gen dc conv y 4s
80
91
1962
A-O
20-year conv 4s
]
71
Feb’lu
il
*3
73
^1929 M-S
97*8 Sale
407!
97*4
9i76
Trust Co certfs
9a34 100 S
Cent Pac 1st ret gu g 4s 1949 F-A
73*3 Apr’10
90*4 96*4 90 H*
08*3 ?4*«
W Va Cent db P 1st g Os 1911 J-J
90”4 24: 94S 98S
Begistered
TOO
F-A
Hi
Nov*u9
1949
5
95Hl
95*a
West N Y dc Pa 1st g 5s..1937 J-J
95 S 97
Mort guar gold 3%s../cl929
ll0*s llOHi 110*V
iiO3^ 10 1U9*4 110*4
90 H*
91
J-d; 91 saic
Gen gold 4s
87*3 91
1943 A-O
87-3 89*3 88*s BecTu ...'! 80*3 92
Through st B 1st gu 4s ’54 A-O
90
94
Dec
90
TO
income 5s
90
94
<41943
Nov
GJELdbSAMdbP 1st os.. 1931 M-N 1U5 *4 107
I
; 34 Feb’o7
107*4 Nov’10
West N o Car See South
I037810y
!
Gila VS&N 1st gu g 6s. 1924 M-Nr
By
10434 *ep 'U9
Wheel’g db B E 1st g 5s...1920 A-O 10L*3
1 tLous E db W T 1st g 5s. 1933 M-N 103 s 10534 106
Nov’10
S May’09
10134 105 *«
Wheel Biv 1st gold os..1928 J-J
1st guar os red
100
103 Hil 03 Hi N ov’ 10
1933 M-N! 104*8
103*4 Aug’lo
Exten db imp gold os...1930 F-A
103S 106 S
100
f E4TU 1stg 5sintgu.,1937 J-J
.»
102%
102
ne’10
109 ■■’8 Sal e 109^,
....'! 99 102
BB 1st consol 4s
iou*S
109 S UOS
1949 M-S
j
Consol g Os int guar...1912 A-O 1U8S HO
82*3 86 I 82*6 Dec TO ....' 77
»7%
lUOSNov’oa
20-year equip s f 5s ...1922 J-J
Gen gold 4s int guar..1921 A-O
96
94
Uct
TO
90
I 98*3 98%
9334 Nov’lo
98%
Wilkes db East See Erie
*92**
Waco <fc N W div lstg 6s’30 M-N 116% 118
I
119*4 Mar’iu
119*4 119S Wil db Sioux F See St P M db M
.j A db N W lstgu g 58....1941 J-Ji 102
|
107s Jan 09
WisCent 50-yr 1st gen 4s 1949
J-J
Morgan’s Ba
T 1st 7s.l9l8 AO 114 S 110S 115 S Nov’10
93
93*3 92%
95
93% 40 90
115
115 S
Supdb Buulivdc term 1st 4s’30 M-N
1st gold Os
1920 J-J | 110S--.
93
: 92%
92%
1 LO S Get ’10
92%
94
3- 90
110 Hi UOS
No of Cal guar g os
1938 A-O
112
Feo’07
Telegraph and Telephone
ll
Ore <& Cal 1st guar g 6s. 1927
J-Jj 100
100
J’ne’io -.'100 loo
Am Telep db Tel coll tr 4s 1929
J. J
,
So Pac of Cal—Os E do F.1912 A-O 102
90%
90%
102
90%
90%
Nov’lo
Si 102
16
89% 93
Convertible 4s
102
1930 M- S
1st gold Os
105
sale
1912 A-O 102
h
104%
10o% 355 98
114*3 Dec’04
106%
Mich State Telep 1st 5s ..1924! F-A
1st con guar g 6s
II
M-N
99
1937
99%, 96
107*4
110
Aug TO
95
99
May’07
N YTelep lstdb gens 1 4*3a.’39
SPacoiN Mex 1st g0S..1911 J-J 100
M-N
98% Sale j 98*4
100S 100 *« Oct ’10
98% 207 95% 99
Pac Tel db Tel ist 6s
loos 101
So Pao Coast lstgu 4s
1937!
J-J!
97
84
93
Sale
g. 1937 J-J
*4
97*4 82
90
95
96%
99%
J’ly oy
West Union coi tr cur 5s.1938 J-J i
TexdbNOSabDivlst gOs.1912 M-S 10 IS 101
99% loo :iou
100
14
97
100 Ha
1017$ Muy’lo
Fd and real est g 4His...195u!m-N
1017s 102 *a
Con gold 6s
94
95
1943 J-J
101
94
|
102
7!
93
94Hi
97%
Nov'09
Conv 4s, Series A
1930 M-N
Guar 15-25 year g 4a
1931
Cl db Mar 1st gu g 4%s..l935
Cl db P gen gu g4%sser A.’42
Series B
1942
....
-
....
....
-
..
-
..
.
..
"98'4 """
iVilw
..
......
..
......
3:5
....
......
.
.
....
......
.....
...
...
'
...
...
...
...
•
.. —.
..
......
Ulster do Bei 1st
5s 192b
......
Vi andalia consol 4s
Wabasn 1st gold 5s.....1939
r*
j-d;
..ai
,
^105*s
97%;
*98S
'
....
.
filhOFLLANEOUS
Honulacfuring A Industrial
Sen Electric deb g 3His..l942 F-A
10-yrg deb 5s
1917 J-B
tnt Paper Co 1st oon g 0S.191& F-A
Consol conv s 1 g 5s
1935 J-J
Int St Pump 1st s f os....1929 .Vl-S
Lackaw Steel
1st g
6s.... 1923
Nat Enam db Stpg 1st 5s..l92c
N Y Air Brake 1st conv Os ’28
By Steel Spgs 1st s f 5s... 1921
kepubldbs lstdbcoltros.
Union
Bag db P 1st
Stamped
A-O
J-D
M-N
J-J
1934 A-O
si 5a..l93o J-J
U S Death Co s f deb g0s..l9l8
U S Healty db I conv deb
g 5s ’24
U S Bed db Bef 1st s f
g Os.1931
U S Bubber 10-yr ooli tr 0s.’18
w S Steel
Corn—j coup .dl903
SI 10-60 yr 6s.
( reg ..R1903
* No
price Friday; la teatbid
•
81%
149
104
85
80
Dec’10
149%
160*3
l043« 104*3
104 ’4
86*4 86*4 Dec TO
92
91 *3
91%
103
988t
sale
96
96
103
130
3 100
...
7
7
....
103
15
97*3 Sale
.
.
.
.
....
J-J
J-J
J-D
M-N
M-N
and asked this week.
.
6 Due Feu
.
h
82
162%
105
82% 89*4
91% 96%
95% 100
94
97%
100
114%
96*3 9s *3
97 *3 lo
97*3
102
Oct TO
102
95
93
Nov’iO
91%
95
93
93
Muy’lO
104 Hi 104*4 104%
104 H,
2 i04%
80*3 90
90
Deo TO
85*a
87% 88 Hi 88
88
86
2
102 Hi Sait,
102*3
102% 3i 101%
104 % Sale
104 H 495 101%
103%
103 *a
104
103%
3 101%
102
90
...
M-N
80
04
96
Sep TO
102*4
4
100%
92% Salt
100%
92%
32
47
100% 102%
Manufacturing ifc Industrial
....
150
90
102*3 102% 102%
BON Da—Concluded.
104
96 b,
96Hi
105
94%
90%
104%
105%
105%
Va-Car Chom 1st
15-yr 5s 1923 J-D
vV’estinghouse E db Ms 1 os ’31 J-J
Miscellaneous
Adams Ex coi tr g4s...... 1948
Armour dbCo lstieaiest4 %s’39
Bush Terminal 1st 4b. ...1952
Consol os
1955
ClucJedb
t Yard col g 68.1915
BetMdbMldgr incomes.. 1911
institfor irrig Was 4%s 1943
Int Mercan Marine 4%s..l922
int Navigation 1st s f 6s.1929
Newp Ne Ship db B Dos<71990
N Y Bock 50-yr 1st g 4s..1951
M-S
J-B
A-O
J-J
J-J
A-O
M-N
A-O
F-A
J-J
F-A
M-N
M-S
Providence &eo deb 4s....1957
Provident Loan Soo4%s.l921
8 Yuba Wat Co oon g 6s.. 1923 J-J
Wrash Water Pow 1st 5s.. 1939 J-J
Due Apr t Due May g Due J’ne A Due
J’ly
100
92%
92% 100%
93%
85
90
91
91
91
90
7
93%
92% Sale
92*3
92% lOt 90% 94%
89% 90
90
89*4
11
87% 90
98% 95% Oct ’ll
95% 98
100
95% 105
May’ 1 v.
LOO
100
35
40
05%
63%
78%
64
79
98
91%
84% Salt
ioi%
ZcOueAug oDue
35
i/6 %
63 %
81 %
95
91
84
112
103
Oot
Aug’lO
Nov’ 1 b
64 %
Nov’l *
14
Bec’Oi
Nov’l 1
84%
J’ly ’0*
Aug’1 u
22
—-
35
40
96
56
76
98
90%
84
94
90
ioi
io3
71%
83
pDue Nov «Option Sal*
CHICAGO STOCK EXCHANGE—Stock
Record—Daily, Weekly and Yearly
1
Saturday
Dec
17”
Sa/cs
of the
Week
Shares
PRICES
STOCKS--HIGHEST AND LOWEST SALE
Monday
Tuesday
Wednesday
Thursday
Friday
Dec 19
Dec 20
Dec 21
Dee 22
Dec 23
I
Ftange for Previous Year
Range for Year 1910
STOCKS
\
(1909)
CHICAGO STOCK
EXCHANGE
■——
Lowest
Highest
Lowest
Highest
Ha.Toads
*ii2
*6
91
25
*9
21?
*112
212
*6
*91
91
2612
2512
26»g
10
10
*6
•10
21?
*u2
'
6I4
2l2
*U2
*0
*6
92
*26
10
6
93
9212
9212
92
10
6
6I4
418
41s
418
418
22
731?
22
731?
22 ”
68
22
60
68
*22
*73
21
*64
*18
*58
*67
221?
731?
21
68
22
*73
*201?
*64
*18
*58
*67
22
731?
22 '
68
22
60
68
III4
1US
*5012
Ills
1U8
*50l2
1118
*64
*18
*5.8
*67
*11
54
*501?
*64
*18
*58
*67
*11
*50l2
54
22
60
68
54
July’10
Dec’10
43
10
6I4
41s
*4
22
71
418
23
731?
22
68
22
60
22
71
22
Sale
Sale
Sale
691?
14
Sale
*201?
Last
Last
Last
*67
*11
Last
6912
ID4
54
2*514
241?
*9
*6
4
2514
25
*9
*6
6I4
*20i2
Oct* 10
_
25
10
25
*9
*6
*4
*2U?
*73
2612
6I4
*4 "
*2012
Last Sale 170
Last Sale U2
Last Sale 634
*165
*165
*165
*165
2,027
10
85
60
309
l;i;j
17
25
6I4
41fi
*73
73
*201?
22
85
Dec’10
20
Sept’10
60
Nov’10
68
68
*11
14
50
Dec’10
100
Chicago City Ry
Chicago ds Oak Park. .100
Do
pref
,100
hie Rys part ctf ‘‘l*' —
Chic Rys part ctf 4 2"
Chic Rys part ctf "3"
Chic Rys part ctf "4”
Ch'.cago Subway
100
Kans City Ry ds Lt-_100
l»o
pref
100
letropol W S Kiev
100
Do
pref
100
Northwestern Elev
10<i
150
Oct 24
ll2 J’ly 28
4
J’ly 28
185
603ft Sep .8
ili4 Sep 13
]09
36
16
pref
...100
Side Elevated..100
Mayjl
55'.: J’ly 5
7
J’ly 28
.
May24
2)ft J ne29
20
Aug 18
;;
16
51
•
15
53
—
do
10 vouth
11 streets W Stable C L.lOo
Do
pref
100
J’ly
40
....
J’ne 2)
J’ne 22
J’ne 24
Dec
Jan
Nov
47
17
63
50
J’ne2l
72i2 J ne22
M3g Jan 3
104
Jan
6
:-0
Jan
30
78
7731 Mch 30
25
72
23
66
Jan
3)4 Dec
Dec
Dec
15*8 Sep
5
,an
Feb
4
15
Mch
8
6i4 Aug 16
39
Feb 17
Jan 14
Feb 7
Apr 1
69
190
11? Oct
5
Oct
97 ‘3 Dec
3)
Dec
101? Dec
180
7
Jan
3
Jan 3
Jan lr
9>S Ja 1
6
Mav2l;
8
Mch
0i2Jan 26
7i2 Jan 7
Jan
Jan
2yi4 Apr
Feb
97
Ji9i2 JTy
4534 Jan
30
Jan
i3i2 Jan
2914 Jan
52
J’ly
8:>i2 May
i9i2 Deo
Dec
59
25
73
61
54'
10.S
May
May
Alay
Dec
Dec
Miscellaneous
9lft
*7512
771ft
*
9
9
7634
77
7614
*
131
75 '
75
♦111
131
*
*
77lg
7634
S78
*iiii?
Last Sale 11U4
1421? 142i- *1411?
*4)
42*40
142'i8
41
401?
40l4
603J
65
66
50
*48
*1
*1
Sale
1
*1
*1
1 lg
Ug
HS
lift
*2
*2
3
3
Sale 3
*2
*2
3
41
41
401? 41
40
4012 401?
*40^4 41 lg
1231? 1231? 123
123
123
123 ‘ 123
*12234 123
*12234 123
*150
153
Last Sale 153
+150G 153
*1501? 153
*1501? 153
*114
115
1151? *114
115
115
1151? 115lo 1151? 115
115
Last Sale 1S8
Last Sale 1514
Last sale 794
95
94
94
94
95
97
95
9312 9312
9514
.21
.03
05
.10
.03
.041?
.03
.15
.17
.19
.04
G5
65
65
65
65
66
66
66
*48
*46
*46
Last Sale 45
*46
*64
65
67
65’
661?
65_
*64
6612 67
6612 67’
*
9634
*
9634
*
*
9634
*
*
21
119
122
120
118
*105
10512
119
*121
*115
*119
*121
+115
1171?
10511
21
120
122
120
*
11712
*
1051?
*
21
119
122
120
118
*117
*121
*115
1051?
217 Chic Pneumatic Tool-100
259 Chicago Telephone ..100
Ctoc Title & Trust... 100
125 Cominouwth-Edison.100
Do
rights
Corn Prod Rel Co com
Do
uo
prel
100
512 Diamond Match
Do rights
28,691
1,250 Illinois Brick
.07
119
122
115
118
*
67
Dec’10
10538 10538
Do
.TunA’07
105i4
1 053ft
Last Sale 11-16 Mch’09
1791?
179
119
121
1003, 1003, 10034
*165
165
166
*178
*120
180
119
1797a 1801?
*119
101
170
1791?
119
1007a
165
120
10034101
165
165
180
119
101
165
178
179
16634
10034
Tsutt.
*1621?
1031?
618
6l8
6l8
618
2512
2512
25l2
*1021? 10312
612
634
2412
25U
103
103
♦610
634
612
Sale
Last Sale
26
*24
25
25
734
24
Price
Friday
Ask Low
Bid
Amer Strawb’d 1st Gs-1911 r
Armour dc Co 4 His
1939 J
Aurora Elgln&Chic 5.1941
Cal & So Chic Ry Co
1st M 5s
..1927
Cass Av dc F G (St L) 5s '12
Chic Board of Trade 4sl927
Chicago City Ry 5s
1927
Chic Consol Br de Mlt 6s
Ohio Consol Trac 4 v$s 1939
Chic Auditorium Ist5sl929
Ohio Dock Co 1st 4S..1929
Ohio Jo RR 1st M g 58.1945
Chic No Shore Elec 6s. 1912
Chic Pne Tool 1st 5s.al921
Ohio Ry 5s
1927
1
Ohio Rys 4-5s series “A”
Chic Rys 4-5s series “B”
-
•
A
F
J
J
F
-
-
-
J
-
J
-
F
A
ML
A
_
A f
J
S
-
....
IOII4
0
-
_
....
102
•
-
92’. 2
J
D
-
A
9934
Sale
,
102lS
103
50
9634
-
_
O
J
87
A { 97
O
J - IJ
C^ic Rys 4-5s series “C" P - A
Chic Rys coll 6s
1913 F - A
Chic Rys Fund 6s
1913 P - A
Chic Rys Tern Ctfs 1st 5s
Ohio R I & P RR 4S..2002 M- N
Collat trust g 5s
1913 At? S
Chic Telephone 5s___.1923 J - D
Commonw-Edison 5s. 1943 n- s
Chic Edison deb 6s. 1913 j - j
1st g 5s....July 1926 A - 0
s
Debenture 53.__.1920
Commonw Elect 5sM943 >1 - s
Illinois Tunnel 5s____1928 J - D
Kan City Ry & Light
Co 5s
1913 It - N
Knick’b'ker Ice 1st 5s 1928 A - 0
J
Lake St El—lst 5s.._1928 J
Feb
Income 5s
1925
Metr VV Side El—
1st 4S__
1938 F - A
Extension g 4s
1938 J - J
Morris & Co.
1939 J - J
North West El 1st 4s.1911 At- i
No W G-L & Coke Co 5s 28 Q - M
Ogden Gas 5s
1945) VI - N
Pearsons-Taft 5s
1916 J - D
VI - 8
4.40s
M - N
4.60s Series E
M - A
4.80s Series F
Peo Gas L ds C 1st Os.1943 A - O
100
^
10218 Sale
_
_
_
....
?
....
t 83
Sale
8^4
Sale
99)4 Sale
_____
____
_
,
_
{102
_
_
w
....
101
_
m
Sale
_
{.... 101
m
r
Refunding
g
98ift
Note.—Accrued
k
{8U? 82
{ 78
79
{ 9JI? Sale
U6I4 Sale
_
_
{ 92l2 Sale
981?
95
98
....
....
....
9712
— —
interest
----
J
-
A
-
i)
A {.... ioYi2
J { 9214 94
J t 99 )4100
0
>1
-
A
-
J
J
A
-
-
-
....
Jan’06
....
....
1013ft 10314
-
-
....
_
101
1007g
1007ft Nov’10
Oct’10
IOOI4
100*8
100»ft
Aug’09
Dec'10
80
Dec’OS
^
6l”
581?
O
must be
60
811?
78
901?
96
99
921?
10038
961?
97
981?
84l4
96
70
....
31
...
-
....
88
1013g
8712
951ft
75
86
9012 91
97U 10U8
9714 98
1001s 10034
....
_
_
17
-
.
.
.
....
_
10038 103l4
10018 1027g
IOOI4 1007ft
100
1001?
loo
10234
__
Oct’10
Dec'10
Oct’10
9434
,9434
82
Nov’10
8
9j~8
16
12
96l4
Apr’10
92 i?
Mch’09
Mch’10
Feb’10
Mch’10
921?
Dec’ 10
Oct’10
92!?
9934
lOOfj
10034
88
114
70
6U4
85
80
76
88
84
80
9334
3
_
_
_
....
-
9314
96i4
99
99
9212
9614
9612
96l2
97
97
9812
981?
_
■»
,
i
10034 IO3I4
103
_
_
^
—
.
-
1
1
Apr’10
1041?
IOOI4 1021?
10034 10U?
9134 94
9934 1007ft
88
88
Nov’04
Apr’10
70
70
Oct’lC
6H4
65
851? July’08
added to all Chicago b ond
* Bid and asked prices; no sales were made on this day.
95I4
95
75
May’05
12134 May’09
lOilg
lOilg
103l<> Dec’10
101
Mav
2
l
Apr
2i2 Nov
Mcb
Jan
Jan
Jau
20
Feb 28
.21
Dec 19
J’iy26
4312 Men 9
91
40
40
93
Mch 17
J’ne 28
67
Mch 28
.Ian
7
Dec 21
101
Aug 3
J’ly 19
119
Feo 24
Feb 10
J’ly 26
145
123
104
112
103
,
■
117
6
an
Jan
126
Dec 17
u
Jan
Oct 31
Nov 1
1154 Jan 3
18634 Nov 12
100I4 Dec 23
155
J’ly 27
1,00*8 Jan 8
186
Feb 19
y
Mayi6
122
J'ne22
«
15
-
.
..
25'fi Aug
88i2 May
13J34 Aug
•
-
„
38
43
...
.
Jail
Jan
.
•
881? Dec
47
Sep
-
-
-
TJ234 Apr 20
Feb 7
14 4
116l*> Aug 8
101
5'
Sep
Oct
12112 J’ly
JNOV
100
J’ly 16
Apr 28
Mch
8
iiyi4 Sep
82
J10
102
108'? Dec
J24
Nov
J&U
Jan
Jan
55
101
loot?
H9
6
8
Jan
133ft J an
1
Sep
130
I194r Aug
Mcb
1
.tan
16912 Dec
Jan
Jan
12134 Oct
II4I4 Aug
Jan
162
Dec
98i2 Jan
•ift Feb
334 Mch
105
Dec
Feb
15
2638 Dec 15
J’UC3v
J’ne
21
974ft Jan
J I81.1 heb
i2 Feb
0
Dec
42
J40
152
-
17's Feb
70i4 Mch
8
82
127
Nov
<*•1
Jan 13
2234 Jan
Sep
1
Apr
2ift Apr
127
117
107
121i2Jan 11
8Hr Deo
112
145
Deo
35
Dec
o>? Dec
58
Apr
48
Feb 1
Jan
3
MchlU
J’ly
132
Oct
J’ne
51i4 Jan
20
Sep 23
Outstand-
Surplus
ing
aril
Stock,
t
T^g Mch
912 Jan
25
Mcb
Calumet
National
00,0Ji
Chicago City
Contl’tal ds Comm Nat
Corn Exchange Natlona
500,00..
20.000,001)
Dividend Rscor t
Profits
In
In
T
1908
190 J
$46,478
245,216
9,764,964
6
10
^ _ _ _
Security
South Chicago Savings.
South Side State
State Bank of Chicago..
Stock Yards Savings
Union Bank of Chlcago.
priced.
Wendell State
Central Trust Co of III..
Chicago Sav Bk ds Tr
Chicago Title & Trust..
Citizens Trust ds Savings
Colonia* 'Trust & Savings
Cont ds CommTr & Sav.
Drovers'lrust&Savlngs
Farwell Trust Co
First Trust ds Savings..
Guarantee 'Trust ds Sav.
Harris Trust & Savings.
Illinois Trust & Savings
Kenwood Trust ds Savgs
Lake View Trust&Savgs
Merchants' Loan&TrCo
Metropolitan Trust dsSav
Michigan Ave T: Co
Northern Trust Co
North-Western TrdsSav
Pullman Trust ds Savgs.
Sheridan Tr ds Sav Bank
u> Standard Tr & Sav
Stockmen’s Trust ds Sav
Union Trust Co
v West’n Trust & Savings
West Side Tr&SavBank
Woodlawn TrdeSavRsn .
250,000
(»)
....
m_m
_
5,000,000
200,00b
200,000
5,000,00b
8,609,829
750.000
200,000
1,500,000
200,000
500,000
200,000
1,000,000
200,000
1,200,000
1,250,000
200,000
200.000
19,621
1,471,163
q-j
9
10
6
12s
10
ate Ba
8
4*j
%
Jan
Jan
Jan
Jan
Jan
Jan
’11,6
'11,5
'11,212
'11, 4
'11, II2
'11, 2i2
Q-J Jan '11, U2
Q-M Sep 30’10,312
Q-M Sep 30*10,212
nk
Q-J
Jan
Q-J
Jan
Jan
’ll,2
'11,22
J-J
'11, 5
V’T V.90, p.1277
Q-M Dec31'10,2l2
Q*i* Nov '10, 1
8
Q-J Dec31'10,2
6
Q-J Jan '11, lla
3
Q-J Jan '11, He
5M Q-J Jan '11,1*4
6
Q-J Jan '11, U2
Q-J Jan '11, H4
'
0“-) Dee31’10,2
8
10
.s. M
10
4
——
... ,..
6
Q-M Oct
None
Jan
Jan
Q-J Jan
Q-J Jan
Q-J Jan
'10, U2
'08, 2
'11, U2
'11, 2
'11. 11*
'11,3
Q-M Dec30’10,2
1H Q-J
6
_
-
3,165,066
)-J
Q-J
12
_rt
Last Paid
....
8
86,405
500,00U
2
33,452
250,000
300,000
194,357
6
89,000
200,00U
200.000
10,439
11
1,500,00u 1,782,614
7
250,00b
200,198
6
200.00U
37,006
See
V.
100,00b
7,877
6
10,044
50.00U
7
938,613
2,000,000
112,944
n500,00U
6
5,000,000 fl,543,802
4
8,622
50.00J
000,000
459,366 8+2
3,000,000
444,155
7H
123,963
200,00U
173,728
1,500,000
2,500,000
200,000
1,250,000
-
An
10
12
6
Pei
j lol
....
a.ooo.oou 5,497,543
30,767
200,000
402,510
9T*
000,000
6
40,916
200.00U
Englewood State
12
First National
10,000,000 10,903,894
10
First Nat Englewood
193,486
150,000
Pnv
Foreman Bros B k'g Co.
552,446
1,000,000
8
Fort Dearborn National
417,082
1,5JO,000
8
981,665
Hibernian B’k’g Ass’n.. l,5O0,O0u
10
K as par State Bank
162,240
200.00«
L
La Salle St National
258,839
1.000,000
Live Stock Exch'ge Nat
525,597 10-1-2
1,250,000
4
.Monroe National
66,795
300,008
Nat Bank of Republic.. 2,000,000 1,255,625
3
National City.
405,878
1,500,000
National Produce
81,807
250,000
70,952
North Avenue State
2^
200,000
6
North Side State Sav'gs
29,191
50,000
North West State.....
22,228
200,000
106,876
300,000
People's Stk Yds State.
(-‘Prairie National
Prairie State
Hail way Exchange....
i
>
__
20
83l8
Dec'10
......
-
....
977ft
90!2 Mch'10
99
99»4
9714 Sep’10
10018 Apr’08
6612 Aug’08
6612 July’08
....
....
15
w
Nov’10
95
77
16'
10
L) rex el State
Drovers* Den National.
May’07
IO2I4
Apr’04
Apr’09
9714
8734
102
9934
941?
J’ne’09
Oct’09
Dec’09
Feb’06
Dec’10
81
9934
9034
2
-
941?
87
8<
9514
{ 95
5s....1947 M- 8 {101
1011?
J - J { 97*4
J
M
J
Mch’10
92i?
High
Low
—
.
Aug
i37
163
NAME
Range
for
Year 1910
...
139
MaviV
Aug 26
118
Oats (Jo..100
Washlngton Park Nat’l
-
Chic Gas LdsC 1st 5sl937
Consum Gas 1st 5s. 1936
Mut'i Fuel Gas Ist5sl947
South Side Elev 4H3.1924
Swift ds Co 1st g 5s
1914
Union El (Loop) 5s__1945
Union Pacific conv 4s. 1911
United Box Board col 6s'26
General mtge 6s.
Western Stone Co 5s
1909
B’ds
Sold
High No.
A
-
-
92i’2
D {
O
U
A
A
J
P
Week,':
Range or
Last Sals
Dec. 23
Feb
20
too
BONDS
Inter¬
est
P-rioi
101
54>n Apr
15*4 Nov
J’no
225U Oct
86
Chicago Banks and Trust Companies
Chicago Bond Record
CHICAGO STOCK
EXCHANGE
Week ending Dec. 23
4
53
Do rights
Do
72
100
pref
325 Unit Box Bd & P Co.100
Do pref.
106
100
737 Western Stone.
25l4
Jan 11
1421ft Mch 9
42
Dec 10
40i? Dec 19
ta
Jan
4
55
Feb 17
1
Feb 4
3
4/
100
Junft’10
103
10314
612
Apr* 09
‘24
Feb
126
Sep 23
251? J’ly 26
pref
461 Swift ds Co
291 The Quaker
n34
61?
J’ne 6
Dec 17
Jan
Jan
200
4
8412 May 16
112
1081* J’ly 27
li4 Jan 26
13i?J’ly «
7914 Apr V
82i2 Sep 30
.03
Dec 22
1,049 Sears-Roebuck com..100
Do
prer
100
108
6?g
56
46
110
142
181
1191?
101
178l2
119l2
IOOI4
Aug 22
1
Milw ds Chic Brewing
Do pref
100
307 National Biscuit.
Do
pref
100
100
390 National Carbon
Do
10
pref
100
283 People’s Gas L&Coke.lOO
Do
rights
117
119
118
119
Last Sale 123
Dec’10
*115
120
117
11718
*-.-. 118
*-_-_
118
105L 1055s
29
Masonic Tempie
296 McCrum-Howell Cc__100
Aug’10
2tg
J’ne 6
7?8 Jan
7134 Jan
4
5
Dec
Apr
J35
3
41
Feb’10
Dec'10
Apr110
;;l
Jan
261
13H4 J’ly 30
pref
123:5
Oct’10
115
2
21
*117
*121
115
10534
)>0
82
621? J’ly 21
240
Apr 25
1 6 J’ly 19
72
Feb 7
107
Aug 6
475
Voting Trust ctf
Do pref....
175
& Chic Canal ds D.100
Cal
375
Chic Brew'g ds Afalt’g
65
50
Nov’10
Oct’10
97
9612
Last Sale
4l
42
40l4
66
48
Last
Last
50
.
Dec’10
142i2
J3>sJan K:
os* J'neji
100
435 American Can
Do
100
prel
430
American
Radiator..100
Do
10
pref
100
29 Amer Shipbuilding
100
Do
pref
100
50 Amer Telep & Teleg
<7 Booth FIsheDes coni
9
763.1
....
-
*111
*1411? 1421*’ *14U2 1421? *1411? 1421? *142
421?
41
*40
421? *40
42 " 42
401?
401?
401? 401?
40
*39
4014
*65
66
66
*65
663j
6634 *65
*48
50
*48
+48
46
50
46
*111
9
761?
761?
Last Salt 260
Dec'10
*
*-... 131
130
131
76
76
77176i8
7614
*230
130
*260
*
131
9
9
9
9lS
77
76
*260
*260
*
91s
9lg
76
12
8
6
90, p.
.None
7
6
6
4
S+2
M-N Nov
159
'10,3
Q-M Dec31'08,U2
Q-J Oct '10, 2
Q-J Jan '11, H2
Q-J Dec31’10,2
A-O Oct 9’10, 3
Q-J Jan *11,212
8
Q-J Jan '11,2
3
Q-J Jan *11, Uf
1>
Q-M Sep30’10,4
1908
V.87, p.1138
locorp orated
6
9 H Q-J Jan *11,3
16 + 4
Nov 19*10, l
16+4
0
6
dh QJ Dec31'10,l*4
5
4h
Q-J Oct '10, H2
12
12
Q-J Jan '11,3
G
6
Q-J Jan '11, li2
.
59,499
41,792
6,012,401
226,783
1/50,000 Beg. b us. Oct
8
8
2,382,905
6
6
69,040
8
8
233,906
21,530 Beg b u& J‘ty
enced
Comm
260,075
5
39,003
5
8
t8 + 2
1,161.14C
6
6
148,374
1
119,050
A
A
56,122
29*1 0V91,p.1221
Q-J Dec31'10,2
J-J Jan '11, (?)
Q-J Oct '10, 2
12*0 9 V.89.P.141
bus. Sept 6 1910
J-J July *10. 3
Q-M Dec31’10,2
Q-J Jan *ll,lli
Q-M Dec31’10,2
Ol Jan *11,2
t Nov. 10 (close of business) for national banks and Nov. 11 (opening of business) for State
institutions.
Friday; latest prlee this week, a Dus Deo. 31. b Duo June, k Also 20% in stock, n Capital and surplus to be increased, q Dividends are paid Q-J,
flth extra payments Q-F. s In addition the .equivalent of 4% more came from First Trust dc Savings Bank,
t July 311910. u In addition the equivalent of 1% earns
hrom First Trust Sc Savings Bank.
v Prairie Nat. Bank and Western Tr.ist & Sav. Bank merged and capital of latter increased from <1,000,000; V. 91, p. 314,
to Sea
I No prioe
V.
9l.
p.
1551, 72, 17.
y
Sept. 2 1910,
z
An extra dividend of 2%
was
paid Deo. 20 1910.
BOSTON STOCK EXCHANGE—Stock Record,
Daily, Weekly and Yearly
SHARE PRICES—NOT PER CENTUM PRICES
Saturday
Monday
Dec. 17.
Tuesday
Dec. 19.
Dec. 20.
Wednesday
Thursday
Dec. 21.
Sales
of the
Week
Shares
Friday
Dec 22
Dec 23
*10034 101%
101% 101% 10134 10134 *101% 101% 100% 101% *9934 1003«
103
103
*102% 103 *102
*102
103
Last Sale 10234 Dec’10
224
224
224
224%
224% 224 224 *-.-- 224
224
224
128
*127% 128
127% 127% 127% 127% *127% 128
128
128
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128
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126
*_
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215
126
299
16
72
10
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125
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215
215
125%
124% 124%
296%
299
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16
72
10
72
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215
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16
72
10
215
125
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215
125
299
16
72
10
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*
39% *jj
39%
39% *39
39%
155% 155% *155%
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112% 111% 111% *
112%
12934 12934
117
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85
117
88
18%
85
140
140
189
37
108
102
170
*
102
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91%
160
90%
9034
103
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47%.
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99
*4
*45%
OS's
4%
115
114
1147g 1147g
113
113%
14l7g 142%
141% 142
32
20
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146
282
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9334
10
20
7
149
77«
138
160
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160
13
*
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17
90
7
100% 101%
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29
194
63%
14%
90
38
1912
49
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12
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4
29
293g
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7
7
.60
39*2
130
13
73
19
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534
134
11%
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14
60
14
60
4%
88
17
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3214
88
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7
4
36
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30
7
eu
11
6%
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36
7
^
.
_
m
73
67g
3%
36%
7%
7%
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4
18%
4
107g
30%
6%
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1134
*1%
43%
5%
13%
i34
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1%
43%
137g
51
187g
*1%
11%
1%
4234
5%
13%
51
52
4%
35%
4%
35%
3534
47
47
,£4
127g
45%
45%
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4%
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2%
2%
13
1234
457g
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45%
234
9%
120
2
9%
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39%
90%
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6%
8%
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6%
8%
66%
*3%
63%
26
67g
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634
21%
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11%
32
87%
17
7
32
17
634
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35%
II84
32
88
36%
73g
1934
3%
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183g
3%
183g
107g
29%
30
32
88
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46
1034
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1134
1S34
334
183g
31
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11
29
18%
4
134
11%
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62
41*
23g
13
45”g
23}
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1%
11%
1%
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13%
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35%
47
2%
13
45%
2%
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*1%
11%
*1%
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1%
4334
62%
25%
1334
627g
47
21*
13%
45%
2%
9
e
26
14
6
.55
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6%
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13
6%
187g
49
550
16
Dec’10
66_
66
3%
1134
3%
117S
Dec’10
9%
634
3n%
6%
207g
*134
678
38%
6%
21
17s
*11
12
87%
16%
634
87%
16%
634
*3
3%
34%
3434
’*3%
*
43
5%
13%
5%
13%
18%
39
130
117g
7084
18%
184
11%
1%
42
45
35%
47%
2%
2%
13
45
13
45
234
9
116
2
Ass’t paid.
118
118
*1%
0
Osceola
...
Bancot Silver
&
Cop. 10
Quincy
25
Ray Consol Copper.. 10
Santa Fe Gold & Cop. 10
Shannon
10
South Utah M & S...
5
Superior
25
Superior* Boston Min 10
275 1'rinlty
25
2,555 U S Smelt Ref & Min. 50
Do
pref
50
1,542;
820 CJtah-Apex Mining
a
1,011 Utah Consolidated
5
115 Utah Copper Co
10
100 Victoria
25
160 Winona
25
5 Wolverine
?.
25
47
2%
Old Dominion Co
5
47
13
25
25
25
1,307 Supcnor&Pitts Copp. 10
105 Tamarack
25
47
13
45
25
Ex-soc.*
I7g
nv.
12
u
Wyandot
c.A'-rignti.
a
25
Ex-div.
ana
JTy 26
14
81
Feb H
Aug 15
58
Feb 17
500
13%
Oct 11
9
6
20
Dec 19
*
3034
84%
13%
x6
3
,28%
.35
.01
Dec 17
Mch 8
Oct 21
Nov 15
17
J'ly 18
7
411
3% Dec
43
3
J
’ly 2b
17% JTy 6
3% JTy 13
934 Jan 17
18
J’nejO
0% Dec
Sep
Aug
29% J'nc
5
.25
9
7
9
15
114
JTy 27
11% Dec 23
6a
J’iy 6
l5%J’ly 1
1% Nov 26
834 J’ly 5
1% Deo l
36
J’ly 19
4% Deo 2
9
ioo
14
37
31
200
31
2
Dec 13
2
6
Dec
1
13
JTy
It 2
JTy 12
1 % JTy 261
rights
Jau
9034 Jan
125% Jan G
lo% Sep 30
94
Jan
3
10
Feb
1
5s
Feb Li
90% Jan 3
4u%Jan 3
6o34 Jan 3
12% Jan 14
.70
Mch 28
24% Jan 13
18% Mayjo
28% Jan 3
103
Jan
G85
38
.16
85
Jan
Jan
Jan 10
Jan 3
9
5gMch28
14
Nov 14
2% Feb
Jan
Apr
Jan
126% Jan
Feb
Jan
75
168
3
5
Jan
Jan 14
10% Oct 13
1% Jan 13
Jan 7
Jan 4
8% Jan 21
75
Jan 22
27% Jan 11
10% Jan 12
5
29
Mayii
Jan
2578 Mch
2
7
12% Jan 14
134 Feb 1
J an
c
Jan
3
2134 Jan
3
92
Mch 9
2434 Mch fc
234 Jau 3
18
Jan
3
334 Jan 19
68% Jan 14
18
Jan 12
16% Jan lo
Jan
1138 Jan
Jan
53% Jan
5
3
3
3
5% Jan
3
Jan 3
00% Jan 3
534 Jan 14
15
Jan 14
46
50
Apr
Aug
Deo
125
118
139
108
199
Oct
Oct
Sep
Oct
xb4
Mch
28% Jan
4134 Feb
107
Feb
6% Jan
76
Mch
131
1)
96
47g Oct
Jan
Feb
Mch
Feb
J ly
Feb
34
65
23
30
8
.45
17% JTy
Sep
21% Feb
96% May
585
29
.10
68%
7%
7%
73g
Feb
Feb
Jne
Feb
May
Feb
Oct
Feb
J’ne
Feb
Feb
8% Sep
6% Dee
Dec
Nov
Dec
Oct
31% Sep
94?g Oct
Oct
Deo
Deo
10% May
62
Oct
96% Nov
40% Deo
61% Dec
18
Jan
May
Deo
11% Deo
33-% Nov
119
Jan
695
Aug
.80
24
44% Sep
.35
Jan
8684 Nov
12
Mch
16% Apr
2% Jan
19
Aug
12% Nov
110% Dec
14% Nov
38
Dec
7% Aug
Nov26
034 Jan 14
94% Jan 22
55
166
260
173
34
35
170
71
Jan 12
28% Jan
12
50
J'ne
12% Sep
31% Aug
8% Oct
147% NOV
1378 J ne
Aug
12
Sep
114% Aug
y34 Jan
Jau
20% May
24% Jan
126% Jan
5% Jan 4
44-% Mch l
3334 Oct 29
"9
108
100
90
9
11
60% Aug
JTy
9% Feb
Nov
22%
136
Apr
131
Apr
145% Sep
40% Aug
105
220% Deo
3% Oct
2
68
93
22% Mch 9
90
J’ne
202% Men
12% Jan 10
111% Jan 3
117g Jan 3
is
40
117% Aug
107
Aug
21834 Aug
117% Aug
175
Apr
98% Apr
112
Apr
83 >4
97
Apr
1
13
36
■*
3
3
174% J’ne
Aug
Sep
200% Jan
Jan
Jan
1434 Sep 15
55
12% Dec 2
A39% J'ne3o
Dec 12
May 6
Sep 10
7l34 Apr 18
30
4584 J ly 20
Jau
5
Feb 11
Oct 3
10934 Jan 10
78
7
Jan
Oct
N ov
149
215
Oct
59
89
Jan 3
Jan 11
13834 Dec 14
J’ly 5
45% J'U022
4% Dec 9
Deo
Men 18
Nov 14
19
84
Nov
Feb
13
200
14% j ly ly
184 Oct 27
J’ly 18
Dec 8
Nov 7
May 3
Sep 1
JTy 7
JTy 15
Jan
Jan
Jan
94
Feb U
634 Mayio
J’ly20
JTy u
03g Sep 29
10
88% Sep
195% Jan
24
124
115
3% Sep 28
6% J’iy 13
.05
Jan
Oct
33% Jan
97
13
21
13
12
26
.04
4434
136
103
Jan
165
88
102
91% Novl6
JTy 26
May 4
Nov 5
J’ne3U
J’ly 12
J’ly 6
J’ly 15
J ’ly 6
4%
15^
Centennial
Ojibway Mining
Old Colony
Hi
Nov
49% Oct 20
Sep 16
87g Feb U
226
Jan 24
Jan 15
JTy 0
J’ly 9
Jan
-
JTy .6
Feb *
165%
46%
25%
Ul3g
Mch
Feb
Deo
5% Jan
Jan
Nov
124
Mch
rll7
Nov
1437g Nov 4 125% Feb
Mch
39%
19
27% Feb
104% Mch 23
93% Jan
11% Jan 7
4% Apr
28
Jan 6
15% Apr
8% Jan 11
334 Apr
152% Mch 3
125 Jan
11% Jan 3
7
Jan
292% Nov 16 245 Jan
160% Jan 0
150% Feb
7
MchJo
JTy
127% Mch 2 rll4
7
Jan Is
J’ne
123
xinh Fel>
93% Mch
105
J’ne30
.60
10
...
110
150
110
8
290
93
955
20
671
5
185
665
109
12% May 4
5
J'ne3u
Mch 9
_
5
15
25
95%
3
3
26
27
2
3
3
Jan 17
Mch 8
Feb 10
162
275
Apr
90% Mch
97% Apr
5
Mch
168
7
28
Jan
204% Jan
1033g Jan
Apr 14
Jan 26
4
J’ly
8% Deo
31
JTy
55% J’ly
19% JTy
25
25
25
.
.60
*51
*2%
......100
1,120 Nlpissing Mines
5,319 North Butte
347 North Lake
lib
106
Jan
Nov
Jan
Apr
Dec
200
190
26
Deo
Mch
Nov
Jan
Feb
77% Nov
14% Mch
55% Oct
May
46% Dec
Deo 9
143
Jan 5
115
Mch lb
267
Jan 3
128%
Oct 27
75
Oct 14
79
Dec 21
195
Novl6
11%
Nov 17
58%
Mch 14 /I153
Deo 19
146
44% Nov 1
136
235
153
301
22
10
3
Mch i8
Jan
7
un)
11% Jan 15
Teleg__l00
25
Cons Mercur Cold
1
‘315 Copper Range Con Co 100
50 Daly-West
20
2,490 East Butte Cop Min.. 10
Elm River
12
l",6£5 Franklin
25
1,535 Giroux Consolidated.
5
123 Granby Consolidated. 100
465 Greene Cauanea
20
651 tiancock Consolidated 25
5 Helvetia Copper
25
185 Indiana Mining
25
28 Island Creek Coal
1
289
Do
pref
1
235 Isle Royale Copper.. 25
385 Kerr Lake
5
275 Keweenaw Copper
25
2,946 Lake Copper. Co
25
La
Salle Copper
1.416
25
70 Mass Consol..
25
50 Mayllowcr
25
Mexico Cons M & S
10
''50 Miami Copper
5
6 Michigan
25
Mohawk
25
"696 Nevada Consolidated. 5
110 New Arcadian Copper 25
141
212
Maylo
lOo
2,474 Amalgamated Copper'lOO
625 Am Zinc Lead & Sm__ 25
625 Arizona Commercial. 25
50 Atlantic
25
100 Bonanza Dev Co
10
220 Bos&CorbCop&SllMg
5
2,236 Butte-BalaUlava Cop. 10
655 Butte Coalition
15
358 Calumet & Arizona.. 10
10 Calumet & Hecia.... 25
130
162%
b
Mch 18
153
25
100
100
...
8884
89
May 10
218 Dec 23
234 Jau 3
107
Sep 22
99% Aug 3
129% Aug 17
93% Nov 2o
Corp.. 25
..
123
90
218
22i*
4% J’ly 28
j’ly 28
Mining
.
270
May In
Sep 14
May
Aug 18
Aug 2
J’ly 26
J’ly 26
Oct
7
16
100
120 Adventure Con...
225 Algomah Mining
"
125 Allouer
8
00% Deo
25
25
13%
*4%
347g
*1%
2S7g
pref
6
Apr
1
Jan
133%
Jau
11134 Oct
127% J’ly
26
J’ly
10
13%
4%
35%
116
18%
4
11
*1%
11%
*1%
4134
4%
35%
*2%
*8%
"334
Dec’10
27%
134
11%
1%
*52
5
35%
.
3*
11
11
291
Do
54
48
160
.118
Oct 3
Oct 13
1384 Deo 8
ill
Apr
10% Sep 30
Aug ^9
Sep 16
Dec
4
Reece Button-Hole.. 10
Swift & Co
100
Do
382
pref
9,014 U S Steel Corp
Do
113
pref
69 West Telep &
76
Mt:h
J’ly 27
98% Dec 22
Telep 6 Teieg_.100
331 Torrington
Do
30
pref
547 United Fruit
Un
Shoe
Mach
1,516
6%
8%
39
Last Sale 46%
'409
3
J’ne
239% Apr
124% Jan
223% Dec
132% Jan
295
Sep
1134 Jau
60% Jan
Feb 24
Feb
Nov
125% Oct
100
225
10% Nov 18
38
25 Pacific Coast Power. .100
373 Pullman Co
100
91
7
7
*7
8
*.40
.60
*.40
60
Last Sale .03
Nov’10
8
.40
*19l<>
67s
39%
16% 17
67g
67g
3%
3%
35% 35%
7%
7%
*7%
8
4
7
8
.40
66%
3%
"l7%
39
12
12
Last Sale .10
*9
91
*9
6“g
21%
1%
21
*118
120
*115
120
115-18 3 15-16
2
*1%
(1 Bland asked prices.
90%
61 o
6%
6%
6%
6%
O'1**
*6 “
6
6
6%
6
.50 *.50
.60
*.50
.60
*.50
39
39
*37% 39
*37%
130~ *125 130 *125 130 *125
12
♦ ID*
12
12
12
11%
71
71
*70% 71
70%
19*
*18% 19
18% 18%
18%
19%
6aS
9%
634
*634
‘
*16'
29%
723g
99
624
Do
pref
100
17 Mergenthaier Lino...100
21 Mexican Telephone.. 10
14 N E Cotton Yarn....100
Do
20
pref
100
210 N E Telephone
100
....
227
152
3 0
7
Nov21
Oct 4
J’ne lo
J’ly .1
Oct 15
Sep 26
J’ly 6
151
83
_.
88
47
550
16
*16% 17%
Last Sale .05
68
38
7
46
*6
.50
8
29%
72%
9834
153%
89%
Dumb Telep & Teleg.100 138%
200 East Boston Land...
7%
190 Edison E'ec Ilium
ioo /i239
137 General Electric
135
"100
931 MassachusettsGasCos 100
76%
155%
88
*94
213
25
103
.
Land..
5
Dec
181%
Miscellaneous
Boston
JTy
13684 Jan
Fat) 10
139
210
Amer Agricul Chetn. 100
Do
pref
...100
Amer Pneu Service
50
Do
pref
50
Amer Sugar Refin
100
Do
pref
..100
Amer
"223
234
Highest
98
Jan
100% Jan
Jan
3
7
Jan 10
J’neio
Aug
14% J’ly 26
75
J’ly 1
149
Apr .8
50 American woolen.___ 100
602
Do
pref
100
14 Atl Gull &WISS L.100
Do
485
pref
100
285
16
39%
627g
2534
.07
3%
123g
634
40
*45
18%
*3%
1034
29%
6%
*7%
16
*8
17%
*3%
12%
9%
1934
130
12
*71
12%
12%
*19%
*3%
....
130
3%
187g
13
*S734
1G34
6“g
3%
8
7%
.50 *.40
29
*6U
13
120
2
*134
*11%
185g
3%
35%
467g
*1S78
2
12
32
46
*71
1912
*134
12
32
66
149%
285
88%
94%
14 *
14
*55g
6
.55
*.50
.55
13
1234 1234
7
6%
67g
19
187g 18~g
49%
48% 49
560 ' *550
555
143g
5%
6
.55 *.50
13
13%
7
634
21%
1S12
3%
107g
4h
35%
47%
2%
*8%
64%
26%
143g
5%
21
*45
85%
47%
*2%
*45
*2
6334
25~s
21*2
1%
'705
Nov’10
*134%
28% 28%
72% 72%
11634 H634
63j
8%
40
40
7
12
85
222
3
"91% 91%
"21% "21%
6
8
285
156
88%
91
634
8%
9%
634
39%
67g
1934
3%
12%
*90%
10
*19%
3t2
*127
73%
117%
17%
*3%
12l4
G~s
*3134
8712
1634
634
*314
*37%
28%
72%
3%
1214
134
1078
28%
49% 49U *49
560
560 " *550
17
17
16%
*16%
.07 +.05
.07 *.05
68
673g 671» *67
1612
♦7%
214
117
*16
4934
2134
183s
19%
98%
434
*14%
114%
113%
142%
32% 32%
92
9234
9%
9%
20% 2O84
88%,
94%
550
67<s
4
46
7
’"’5
47% Dec’10
987g
98%
99
265
150
434
*4%
47g
15
48
15
*14%
114% 115
115
84
114
639
113% 113%
14234 142% 142% 5.595
284
155
40
14%
20
8
40
14%
19%
*45
40
6
*5%
.55 *.50
35
35
7
7h
8
*712
.60 *.40
7
88
94
*213
*4
7%
8%
S3g
14%
17%
678
*712
*612
1314 *13
*201
Last Sale
Last Sale
*147
149% xl45
284
156
155%
17%
90
64%
88
*634
*314
8412
*16
90
26
48
550
*7%
28%
64%
*1234
6%
*1914
7
149
282
73
733g
116% 116%
26
3214
877s
♦16U
x28%
643g
39
7
2134
*134
♦1134
*3134
194
x55
26
912
67g
*6"s
*27%
14%
.08 *.05
68
6734
4
*3%
12
12%
39
36
26
9%
6'g
210
164
620
7
....
100%
38
10
*6
91
....
104
85
20-
Lowest
133% Jan
104% Jan
Aug 2
124% Sep 21
100
Ry & Electric
100
Do
pref
100
Maine Central..
100
Mass Electric Cos.__.l00
Do
pref
100
N Y N H &
Hartford. 100
Northern N H..
100
Norwich & VVor prefllOO
Old Colony.
joo
Rutland pref
”100
Seattle Electric
100
Do
pref...
..100
Union Pacific
100
Do
pref
100
Vermont & Mass
100
West End St
50
Do
pref...
50
...
■
158%
*12
6384
1712
12
138
*95
14%
6%
1912
Fitchburg, pref
Ca
Dec’10
90%
91
xlOl
102
94
*213
214
213
4
5
*4
5
112
110% 110% 110
110
*109" lib""
107
*106
107
10634 10634 *106
108
138%*136
137% 137% 1377g 138
138
*95
Lr*95
*95
159% 158% 158% 159 169
159
159%
13
*13
14
Last Sale 12
Dec’10
101
101% 100% 101
101
100% 10034
36
36
36
*35
36
36
36
29
27% 27% *....
28
*27
28
194% 194% 195
1933g 194% xl92
192
55
54% 547g
55
54% 54%
55
63%
49
560
*3%
*110
*
92%
149
88%
26%
1314
x92
94
214
4
—
*20
282
156
94
214
—
*
1934
88%
114
142% 14234
—
90%
4634
114
7
282
156
7%
8»s
6
*5
.50 *.50
6%
L *1%
90
*6%
8%
40
*5
.50
13
>117
36i‘>
29
194
55% 55%
*28% 29
72% 73%
110% 11634
*16% 17%
7
*26
*6
*.50
*37
*125
*12
*Z1
19
96
160
*12
....
*39
106
13S%
96
160
13
*
2834
72 Js
72%
*116% 11634
....
4
112
*110
106
28%
16
♦86
77g
284
155% 156%
88% 88%
4
194
56
Dec’10
130
....
*103
987g 987„
434
434
1434 14*4
114% 116%
31
64
10
*6
103
*45
149% 1491o
77g
77g
64
94%
*213% 214
*1007S 101%
35% 36
*27% 29
*111
129
*117%
9034
90%
103
1934
7
151
*282
....
193
56
20%
*6
149
155%
88% 88%
94
214
5
112
108
138
....
20%
283
94
214
*4
*109
94
....
90%
31
94
*-...
....
937g
7%
*156%
&
Range for Previous Yeax
(1909)
Highest
01% J’iy 26
pref
97i*>
100
Albany
100 2i8
Elevated
,.100 xl22
«& Lowell
100 200
& Maine
121
100
& Providence. 100
285
14
Suburban Et Cos.
45
Do
70
pref
__
Boston « Wore Elec Cos.
8
Do
35
pref
Chic June Ry & USY.100 139
Do
pref
100 109
Connecticut River
100 260
....
*45% 46%
98% 987g
*434
5
*14% 15
114% 114%
113
113%
1417g 142%
99
41?
14%
14%
114
93%
*9%
47%
41 •>
15
115
*31
129
118
....
90% 90%
90%
10234 10234 *10234
103
*14%
117
88
219
....
91%
*157
117
*87
*209
Top & Santa Fe. 100
Do
Boston
44 Boston
55 Boston
187 Boston
Boston
Boston
....
150% 15034
189
*35
129
*117
180 Atch
Railroads
’l59
129
130
*117
Last
Sale
87
*87%
Dec'£6
219
218
218
*210
219
*210
219
*18
18% *17% 18%
18
18
18%
18% *18
18%
85
85
*85
85
85% *85
86
*85
86
150
150% 150% 15034 1507g 151% 151
151
151% 151
141
141
*138
140
*138
*138
140
140
Last Sale 210
June’10
188
188
188% 188
189
189
189% 189% *189
*
*-..*
37
37
37
Last Sale 35
Dec’10
*
*.... 108
108
*
108
108
*.... 108
108
*102
*102
102
*102
102
*102
*171% 17134 171% 171% 171
171
169% 170% *169% 170%
*92
*90% 91
92% *91% 92% *91% 92% *91%
92%
*157
160
*157% 160 *157% 160
Last Sale 157
118
Range Since Jan. 1
Lowest
L
*....
216
*125
127
298
Dec’10
15 Dec’10
*70
72
Oct’10
10%
39
Dec’10
Last Sale 270
12834 12834 *12834 130
*117
*87
*209
....
216
125
126
Last Sale
Last Sale
*70
72
Last Sale
Last Sale
156
156
111
111%
STOCKS
BOSTON STOCK
EXCHANGE
Jan
•>•% Jan 14
22% Apr
7% Apr
2% May
16
“ Jan
1034 JTy
4% Mch
33% Feb
9% Aug
f734 Dec
74% Dec
19% Dec
18% May
,30
Apr
1
3%
1234
034
*57%
16%
3%
Apr
Feb
6
Oct
J Ty
Feb
Nov
97g Oct
47
Dec
4% Mch
584 Nov
.40
J
ne
47% Feb
122
19
83
Feb
Dec
Dec
1% Nov
13% Feb
34
Jan
13% Nov
127g Apr
62
J'iy
9% Dec
39
44
Jan
4
Oct
Feb
37% Feb
3934 Feb
3
Oct
43, Apr
139
Mch
2
Oct
Deo
Nov
28% Dec
13% Mch
70% Jan
30
Nov
83g Deo
Sep
85% Jan
13
117g Aug
14% Dec
.90
59
170
Dec
Aug
Dec
36% J’no
99
Jan
27g Jan
17% Jan
67
Dec
18% May
18% JTy
90
Feb
17% Jan
Sep
59
54
Oct
034 Jan
4934 Nov
66
6
NOV
Dec
<T3% Dec
Aug
158
4
■) an
Deo. 24
Boston Bond Record
1910,]
BOiMIS
BOSTON STOCK KXCH’GE
Week Ending Deo 23
Price
Week's
Friday
Mange or
Dm 23
Last Sale
Bta
AmAgrionl Chem 1st
6s..l928'A-0;
.
...
IllinoisDiv 3*38
97
Dec’1089
97
110
102*3
108*.
63
34
Feb’04'
100*4 Mar’09j
1104 >3 Oct ’08
1112*3 Jan’03
1103
Feb’10
J -J
F-A
J -J
113 *. .May’ 10
87*3
87*a
87
Q-F
A-O
103
J’ne’01
TOO
113*3
85
11103 Oct’07
98*3 J’ne’10
1014 Mar’10
A-O
M-N
F-A
M-N
87*4
874
1007. 1014
90*.
90*.
1134 Deo 10
101*. Sale
A-O
J-J
J J
126
-
Feb'06
99*.
99*.
M-N
J -D
J-D
101
91
A-O
M-N
112*. Jan’03
100*. Aug’09
96
96
1933A-0
GtNorOB A Q coU tr 4s 1921| J-J
Registered 4s
1921 jQ-J
1
1
140
954
95*.
954
88
96*3
**1
Unitea Fruit gen s £ 4*38.1923
U S Coal A OR 1st sf 6s.. 1938
U S Steel Corp 10-60 yr 5S.J963
West End Street By 4s
1916
Gold 4*38
1914
Gola deDenture 4s
1916
Gold 4s
1917
Western Teleph A Tel 6s. 1932
Wisconsin Cent 1st gen 4sl949
99
90
99
9834
1 127*4 1*27*4
127*.
;Ji
Apr’05
96*3
954
954
95*.
32
32,
94*3
94*3
97 *3
96*a
Note—Buyer pays accrued interest in addition to the purchase price for all Boston Bonds.
*
Deo’10
1134 Not’06
101*4 Sep '05
994 100
i*oo4 ioT*4
76
10 0*8 Sale
J’ne'08
99*3
100
97
Aug’10
102*3 Aug’04
10034
1003«
10078
100 7e
100 *3 Sep’08
76
17
79*i
75
1
964 102
10 131
Deo’10
99
Mar’10
103*« Sep’10
107 *3 Nov’05
135
1134110*
98*3
99
103*4 103 *t
Mai’02
70*4
104*4
103*3
99*«
10U7$ 1004
114
102
100
100*8 106
1003a
1334
101
Apr’09
987a Sep ’09
103
97
97
Oct ’10
100*%
133*4 134*4 1384
70*4
1«4*4
70*4
103
88
78*c
104*4
1004 100*
99 7s 101 *c
J-J
07
Nov’10
97
Apr’07
lOO3, Mar’10
1004 Dec’10
lU47ft Oct ’10
97 *a Deo’lo
M-N
166
145
M-N
104*4
104*4
98*4 J’ly’10
95
96*a
Torrington 1st g6s
..1918 M-S
UnionPao BB A1 grg48.1947 J-J
20-year conv 4s
1927 J-J
Apr’08
127*.
Unstamped 1st 6s
104
;:::i
ADr’10
Dec’10
96*3 J’ne’10
103 *s Api ’06
93
106‘*3
99
1
99*
113
118
92*3 93**
90
92
102
103
115
Rutland 1st con gen 4*38.1941 J-J
Butland-Oanadlan 1st 4s 1949 J - J
Savannah Elec 1st cons 58.1952 J-J
Seattle Eleo 1st g 6s
1930 F-A
Shannon.Arias 1 st g 6s.... 1919 M-N
Terre BLante Eleo g 6s....1929 J -J
118^116*3
“i 100
99
89
A-O
DetGr Rap A W 1st 4s... 1946 A-O
Dominion Coal 1st s f 6s.. 1940 M-N
Fitenburg 4s
1916 M-S
4s
1927 iM-8
Frernt Elk A Mo V 1st 6S..1933 A-0
Dec’10
Dec’07
90
97
93*4
9934
102*3 Nov’10
Oreg 8h Line 1st g 6s
1922 F-A
Pere Marquette deb g 6s.. 1912 J-J
Bepnb VaUey 1st s F68...1919 J-J
ll! 8G3* 88«b
81 100
10l34
2
89
9«34
::::»
M-S
January 1
Apr’08
St3*« Mar’10
994 Feb’ 10
116**%
1163a 11038
93
Oct’10
116
Kan C A M By A Br 1st 5sl929 A-O
943% Maine Cent cons 1st 7s...19121 A-O
Cons 1st 4s
1912! A-O
102 S
117*3 Mara Hough A Ont 1st 68.1925 A-O
Mass
Gas
73
44s
1929 j-J
Mioh Teleplst 6s
1917 J- J
Minne Gen Elec con g 6s 1929 J. J
New Eng Cot Yarn 6s....1929 F-A
New Eng Teleph 6s
1916 A-O
6s.
103
1916 A-0
New England cons g 6s... 1945 J - J
Boston Term 1st 4s
1939 A-0
114 * New Biver (The) conv 5s. 1934 J-J
88 i NYNH&H oon deb 3*381956 J-J
Conv deb 6s (ctfs)
1948 J-J
98*3 Old Colony gold 4s
1924 F-A
1013. Oreg By A Nav con g4s.. 1946 J-D
98*a
101*3
99*. 100
99 *3 Nov’10
99
Mar’10
99
Oct ’09
J-D
M-N
94S.
900#
0
100*4
117
Since
Is
High Mo Low High
100*4 22 99*3 101
Ask Low
A-O
Mange
2*'’°
or
Last Sale
A-O
A-O
13 ■«
Range
1984 M-S
Assented income 5s
1014
89*3
108*% Nov’ 10
67*3
684'
68*3 Sals
A-0
J-D
M-N
Friday
Dec 23
I Mia
Illinois Steel deben 6s....1913
la Falls ASioux Cist 7s.. 1917
Kan C Clin & Sprlst 5a... 1926
Kan C Ft 8 A Gulf ext 5s.. 1911
Kan C Ft Scott A M 6s....1928
Kan C M A B gen 4s
1934
119
94
89
98
1*84
99
90**Nov’10
9058 Deo’lO
102 Si J’ly’10
99
91
91
j-J
M-S
J-J
J-J
High. No \Low High.
102 V 14 100 *4 1043.
9078 76 89
93*.
105 I 2 99*3 106
874 Sep ’10
87*4 873.
108
89
90
M-S
1949 J-J
Ohio jo By A BUc Yds 6s .1915
Coll trust refunding g 481940
Oh MU A Bt P Dub D 6s.. 1920
Oh M A 8t P Wis V div 6sl920
Ohio A) No Mien 1st gu 5s.l93i
Ohio A W Mich gen 6s....1921
Concord A Mont cons 4s.. 1920
Conn A Pass B 1st g 4s...1943
Cudahy Pack(The)lst g 6s 1924
Current Biver 1st 6s
1926
jJanuary l
Week’s
Brice
BOSTON STOCK EXOH’GE
Week Ending Deo 23
Sinoe
Ask Jx>w
I
Adjustment, g 4s.... J’ly 1996 Nov
J’ly 1996 M-N
Stamped
60-year eonv 4s
1935 J-D
10-year conv 6s
1917 J-D
Atl Gull & W I SS Lines 5s.’69
Boston Elect L consol 6s.1924
Boston A Lowell 4s
1916
Boston A Maine 44s
1944
Boston Terminal 1813*38.1947
Bur A Mo Ri v cons 6s
.1918
Butte A Boston 1st Gs.,.. 1917
Butte Elec A Pow 1st g 6 s. 1961
Cedar Bap A Mo K 1st 7s.1916
Cent Vermt 1st g4s..Mayl92o
O B A Q Iowa Dlv 1st 68.1919
Iowa Dlv 1st 4s
1919
Debenture 6s
1913
Denver Ex ten 4s
1922
Nebraska Exton 4s
1927
3* 8 W 814s
1921
BUND*
Mange
!oS
T024
904 90 V 904
1047e 105*4 1044
Teiep A Tei ooll tr 48.1929 J j j
Convertible 4s
1930jM-8
Am Writ Taner 1st a 16s g 1919 j. j!
Am Zinc LAS deb 0S....1915M-N
Aria Com Coy 1st conv 6s 1920; J-D
Aten Ton ASPe gen g 4s.. 1995 A-O
Am
f|3
1701
F-A
M-S
M-N
F-A
1044 109*
95*4 97*4
NovlO
98
96*4
97
943b Jan’10
No price Friday; latest bid ami asked.
99*4
98*3
97
94*3
943*
98
964 Bale
166
101*3 106*4
97
984
10134 J’ne’09
98*3 Apr’10
J-J
J-J
110
10
11
99
99
94*
1| Flat prices
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
i-diare Prices—Not Per Centum Prices
Sales I
ACTIVE STOCKS
the
Bonds and Inactive
(For
Week j
Stocks see below)
Mange Since
Range lor Previout
Jan 1
Year (iyU2)
of
Saturday
Dm 17
Tuesday
Monday
Dec 19
Dec 20
Wednesday
Thursday
FYlday
Dec 22
Dee 23
Dec 21
i
,
67
*
12 034 12 034 '120
•20*8
20*3
44
15
T9
v41
15
15*4
1204
21
120
126
20 4
204
♦6334
126
•494
120
*
*154
*164
90
*42
154
*154
164
!
!
*16*3
42
10
Do
prel
172 Northern Central
20 Seaboard (new)
*s!
20*3'
126
*20
.....
‘•40
164
65*3
*64*3
*89
•126
Lowest
Baltimore
Con. Gas EL L. A Pow.100
Do
1,026 United
*aj
....100
2d
46
Mar21
80
Marlli 90
60116
100
100
Jan
Highest
ig/cest
64*3 Deo 8
J’ly 14
8 132
30
76
100
Mar 48
Deo
Mar 89
May
Jan 121*3 Deo
183% J’ly 29
Oct 17
Feo28
27 *4 Jan 3
47
Jan 8
124 May 3
I5*s J’ly 15
1134 Feb
22 34 Feb
94 Feb
17
28
25
40
pref
By A Electric.. 60
H
28*4 Deo
48
Deo
14 *2 Deo
■
42*3
•42
42*3
42*3
20
20
20
42*3
42*3
42 4
114
494
42*3
20
42 4
42
4.2-*b
424
*114
114
49*4
^il^
**%
114
*48 4
49 4
49
34
33*b
*794
*9 4
28 4
337e
*334
794
42*3
ll8*
11*8
483«
48 a4
*114
49*4
33*«
33 *3
79*3
*79
79
33 *3
24
8U
93s
2634
93
UU**
64*4
43
1634
273%
934
27*3
90-V.
64*3
48*3
10
903b
18°b 184
74*4 74*3
8*4
8xi«
43*% 434
86*4 864
94
64 *3
48
15 4
23 *s
94
91
044
48
10
184 184
744 75»i«
8*4
43*4
86*4
8*4
434
803b
PHILADELPHIA
49
33 *4
79 4
*94
28 4
79 4
28^8
2 4
42
80
284
944
94
94
90 4
89
90S,
644
47 4
164
lh4
t»4 4 64*3ia
47
47 4
164 16
18*4 18*4
75 4 76lsie
84
81l«
42 % 43
8534 86 4
Ask
648is
47
16
184
*42
424
*11*4
174
424
424
114
42*4
*114
*474
834
79*4
*9*4
2834
49
28 4
*93
80*4
334
794
64
47
10
18
4
4
4
4
2 8 7»
94
90 4
64 4
84
8 •>»
424
864
474
164
184
8 4
43
854
864
86*3
Pill LA DELPHI A
Choc A Me 1st 5s 1949 J-J
Ch Ok A G gen 5s T9 J-J
Col St By 1st con 6s 1932
ConTracofNJ 1st 5s.’33
E A A 1st M 6s 1920 M-N
Elec A Peo Tr stk tr ctfs
Eq 11 Gas-L 1st g 5s 1928
204
94
84
Indianapolis By 4s. 1933
60
Interstate 4s 1943 ..F-A
KeystoneWatchCase.lOU
64
Lehigh Nav 4*38 T4.Q-J
BBS 4s g
1914.Q-F
Preferred
Leh VaR Tran v 10...6O
Preferred v t c
60
Lit Brothers
10
Little SchuylkiU
50
MlnehiU A Soliuyl H..50
N Haven iron A Steel.6
Northern Central
50
North Pennsylvania..60
Penney! BB receipts....
Pennsylvania Salt
50
Pennsylvania steel.. 100
Preferred
Phila Co
100
(Pitts) pref...60
Phil German A Norrts.60
Phila Traction
50
64
18 4
16
19 4
174
62
125
126
WelsbaohCo
100
West Jersey A SeaSh.60
Westmoreland CoaL...50
Wilkes Gas A Elec.. 100
110
104
414
*424
83
84
......
10
39
62
240
104
41
•Bid and asked; no sales on this day.
J-D
Annuity 6s
Gen cons 4s 2003.M-N
Railways General
10
Susqueh Iron A Steel..6
Tidewater Steel
10
Preferred
10
Union Tr of Ind
100
United NJ BBAC..100
Unit Trao Pitts pref..50
Warwick Iron A Steel. 10
Gen M 4*38 g. 1924.Q-F
Leh V Cist os g ’33.. J-J
Leh V ext 4s 1st 1948. J-D
Uonsol 6s 1923
J-D
Consol 4*38 1923...J-D
Leh V Tran
4s ’35J-D
1 st series B 6s 1935.M-S
New Con Gas 6s 1948 J -D
N ewark Pass con 6s 1930
N Y Ph A No 1st 4s ’39 J-J
Income 4s 1939...M-N
N oOliioTrac oon&s’ 19. J-J
Penn Cons 6s 1919.. Var
Penn A Md Steel con 6s.
Pa A NY Can 5s '39.A-O
A-O
Oon 4s 1939
Penn Steel 1st 5s T7 M-N
con
People’s Tr tr certs 4s *43
P Co IstA ooltr 6s’49 M-S
OonA coi tr 6 s 1951 M-N
PhU Eleo gold trust ctfs.
Trust certiis 4s
P A E gen M 6 g ’20.A-O
Gen M 4s g 1920..AAO
HEx-rights.
||$15paid.
256
9ofc
1,2 67
18,343
2,903
10,910
18>*
74a*
8*4
43
194
Keystone Telephone ..60
8,419
23,006
64*4
47 34
10*4
43
AmRysconv&s 1911.J-.D
Atl City 1st 5s g T9.M-N
BergAKBrw 1st 6s’21 J -J
Bethic Steel 6s 1998.Q-F
Indianapolis St
259
26
93
Bonds
Prices are all “ and
interest.”
Alt ALVEleo 4 *2S’33.F-A
Am Gas A Elec 5s’07. F-A
45
1,928
69**18
75iia75liJu 7414a 75*ie
84
424
86 4
99
261
615
100
729
*17
*42
*9 4
944
Bid
100
Indiana Union Tr....100
Insurance Co of N A.. 10
Inter Sm Pow A Chem.60
4
89
inactive stock*
Amai Asbestos Corp. 100
Preferred
100
American Milling
10
Amer Pipe Mfg
100
BeU Telephone (Pa). 100
Cambria iron
60
Central Coal A Coke. 100
Consol Trao of N J...100
Easton Con Electric 6.60
Ft Wayne AW V
100
Germantown Pass
60
17
*42
Bid
82*3
2,897
3,319
3,124
Ask
83
Philadelphia
American Cement......
Hallways
Dec22
PHILADELPHIA
Ph A Bead 2d 6s *33.A-O
Con M 7s 1911
J-D
Ex Imp M 4s g ’47.A-O
Terminal 5s g 1941.Q-F
P W A B coi tr 4s ’21. J-J
I Ask
Bid
101
jloi *3
1*10*3
......
99»a 100
I
**98*4'ill-’.!
Spanish-Am Ir 6s ’27 J-J
101*3 10L34
LUO *4
102*4
Un
‘*76**1 “70“
ib*234
8 f 6s 1926
M-N
U Trao Pit gen 6s ’97 J-J
Welsbaoh s f 5s 1930.JT)
Wlks-B GAE con5s’65J-J
BALTIMORE
Inactive .Stocks
Ala Cons CoaiA Iron. 100
Pref
100
Atlanta A Charlotte..loo
Atlan CoastL (Conn)lOO
Canton Co....
100
Cons Cot Duck Corp...60
Preferred
60
118*3
88
88*3
10534
*6f*i
Stan’d Gas A E 6s' 2 5 M-N;
U Trac Ind gen 5sT9.J-J
Rys Tr oils 4s’49JAJ
United Bys Invlstcolitr
106*3
62*3
104*3
109*3 110
104 *s
148
14834
97
97*4
iul*3
Georgia Sou A Fla... 100
1st pref
100
2d pref
100
G-B-S Brewing
100
81 *3
82
101V
b7
1
89
W2*a 93*3
101*3 102
95*3 90
102
102*a
77
77*»
107*3
100*«
f$12*4pai(L
3
Dec
43
Jan
interest”
Anaoostia A Pot 5s
Atl Coast L(Ct)ctfs 6s J-D
Ctfs of indebt 4s....J-J
6-20 yr 4s 1925
J-J
Balt CPass 1st 5s ’ll M-N
Balt Fundg 68.1910 M-N
0 Sj
95
76
103
*9*0**
997a 100
Exchange 3 *38 1930 J • J
Balt A P 1st 6s ml’ll A-0
BSPAO lst4*as ’53F-A
Balt Trao 1st 6s..’29 M-N
No Balt Div 6s 1942 J-D
Ceut’l By con5sl932 M-N
Ext A Imp 68.1932 M -S
Chas CityBy 1st 6s’28 J J
BALTIMORE
luo
94»a
95
i*o*y*4 i‘16 *4
Bid I Ask
Chas By G A El os ’99 M-S
Chari O A A 2d 7s*10 A-0
CityASublst6s..’22 J-D
City A Sub(Was)lst6s’48
Coal A 1 By 1st os’20F-A
105
Col AGruv Ist6s.l916 J-J
106
108
Consol Gas 5s..1939 J-D
Ctfs indebt 4*s8
J-J
Cons GE AP4*ts’35.J-J
FairA CITr ist6s’38.A-0
Oa A Ala 1st con 6s ’46J -J
GaCar AN lst5sg’29 J-J
1024
1014 102
*84 4 844
90
106
106
964
107
43
1074
103
105
Georgia P 1st 6s... ’22 J -J
QaSo A Fla 1st 6s 1945J-J
G-B-S Brew 3-4sl951M-S
2d income 6s 1951 M-N
Knoxv Trac 1st 6s ’28A-0
LakeR El 1st gu5s’42M-S
MaconRyA Ltist6s’53J-J
Memphis St 1st 5s’45 J-J
MetSi( Wasli)lst6s’25F* A
Bonds
Prices are all “ and
99
Jan
Cambria Steel
60
Electric Co of America 10
Eleo Storage Battery.. 100
Portland By 1st 6s 1930.
Roch By A Leon 5s ’54J-J
100
116
108
50
60
414 J’ly 21 60 Jan 6 44 «8 j’ly 48 Deo
40*4 J’ly 26 53*3 Jan 10 32 t8 FeU 494 Deo
11 4 J’ly 29 12*3 Jan 14 xl07e Jan
12 '8 J’ly
42 J’ne3o 64*4 Marll 43 Jan 63*3 J’ly
Gen Asphalt tr ctfs ....100
19 *4 J’ly 20 3434 Deo 15 15*3 Jan 33*4 Deo
Do
pref tr ctfs
100 64 J’ly 26 84*4 Jan 10 63 Jan 84*3 Deo
9 *3 Jan
16
Keystone Telephone... 60
7 J’ly 6 13 uan lo
Apr
Lake Superior Corp....loo
lo*3J’ne3o 284 Dec 22 1434 Jan 334 May
i23
Jan
7
96
Jan
126*3 Deo
Lehigh O A Nav tr ctfs. 50 86 J’ne3u
67
Feb 113
Lehigh Valley
60 62 *3 J’ly 27 121*4 Marl8
sep
Pennsylvania BB
50 61uie J’ly 2t 693is Mar 9 63 4 Feb 754 Sep
Philadelp’aCo (Pittst>). 60 42 J’ne3o 53*4 Jan 8 40*a Feb 6178Deo
Philadelphia Electric ||. 25 $134 Feu 3 16*4 Marl8 11*4 Feb 14 4 Deo
Phils Rapid Transit... 50
15 Apr 2f 28*sJan 3 244 Jan 36*3 Apr
Feh18
69 *3 Feb 864 Sep
Beading
60 66*3 J’ly2o 80
Tonopali Mining
1
6*3 Jan 2
634 Jan 718ia Mar
9*io May 13
U mon Traction
50 38
Oct 24
52*4 Jan 3
607s Jan
United Gas lmpt
5o[ 79 J’ly2o 95*4 Jan 10 844 ila}
American
"9*7*'
434
•••••«
98
Mt Ver Cot Duck 1st 6s.
74
744
Npt NAG P 1st 68*38 M-N
93
82
105 4
824
NorAPorTr lst6s’36 J-D
Norfolk St 1st 5s’44..J-J
North Cent 4*281925 A-O
Series A 6s 1926....J-J
Series B 6s 1920....J-J
Pitt Un 'Trac 5s 1997. J J
Polo Vai 1st 5s 1941..J-J
Sav Fla A West 6s ’34 A-O
Saab A Boan 5a 1926. J J
South Bound 1st 6s..A-O
U El LAP lst4*3S’29 M-N
Uu By A El 1st 4s ’49 M-S
Income 4s 1949
J-D
Funding 5s 1936...J-D
VaMid 2d ser 6s ’ll.M-S
3d series 6s 1916..M-S
4th ser 3-4-6s 1921. M-S
6th series 5s 1926.M-S
Va (State) 8s new ’82.J-J
Fund debt 2-3s 1991. J-J
West N O con 6s 1914 J-J
WesVa CA P 1st 6g’ll J-J
WU A Weld 5s..1936.J-J
1*10** i*l*2*’
102
104
107
108
92
844
614
844
109
924
86
014
85
100
«•«•••
89
t$13*3pald. 5 $35 paid. aReoeipt3. 6$25pai<L c$30paid. d$42*«pai<l«
1702
THE CHRONICLE
Volume of Business at Stock Exchanges
TRANSACTION
Saturday
115,522
421,816
353,127
318,005
214,974
114,505
Monday
Tuesday.
Wednesday
Thursday.
Friday
Total.
Railroad,
&c..
Par value.
$9,980,700,
36.026,350,
$1,615,500
2,807,000
2,713,000
2,935,000
2,056.500
1,373,500
30,102,700'
26.410,500’
18,298,400
10.524,500
Sales at
Afew York Stock
Week
Exchange.
1910.
Stocks—No. shares...
Par value
Bank shares, par
Bonds.
ending Dec. 23.
$1,000
$783,500l
$1,000
1910.
$1,000
783,500
13,500,500
1909.
$340,500
22,436,000
$14,285,000* $22,776,500*
Total bonds
TRANSACTIONS AT THE BOSTON
EXCHANGES.
$330,700
41,670,550
581,553,200
$623,593,450
AND
83
123
88
126
*;r8n4
90
50
78
40
73
75
76
■rr
«
Bid
e
63
Amer Teleg & Cable
100
Central <fc So Amer
100
Comm’l Un Tel (NT Y*)___25
Empire & Bay State Tel. 100
Franklin
100
e Gold & Stock Teleg
100
e Northwestern
Teleg
50
e
78
e
11712
$S01,200
36,850,900
1,255,464,100
—
$1,293,116,200
PHILADELPHIA
84
50
_
Boston.
Listed
shares.
Saturday
Monday
TYiesday
Unlisted
shares.
3,945
Philadelphia.
99
100
Bond
sales.
Listed
shares.
Unlisted
shares.
Bond
sales.
$70,000
7,301
6,271
6,01-1
2,447
5,328
4,643
3,755
5,228
3,432
44.500
87,000
105,000
31,000
16.500
11,682
12,701
16,596
26,672
14,429
10.459
4,074
8,138
6,311
2,310
4,736
2,240
$22,900
37,000
118.500
135.500
101,700
92,500
42,953
24,833
$354,000*
92,539
27,809
$508,100
9,205
10.190
Wednesday
Thursday
Friday
_
Outside Securities
\'A
bond
prices
are
now
Street Railways
New York City
Bleeck St & Ful Fy stk.100lst mtge 4s 1950.
J-J
B’y & 7th Ave stk
100
2d mtge 5s 1914
J-J
“and
Bid
interest’
Ask
Con
194 i—See Stock
B’way Surface 1st 53 gu 1924
Cent’l Crosstown stock.. 100
oi
1st mtge 6s
1922
M-N
Cen PiN&E Rivstock. 100
Christoph’l & 10th St stk 100
Col & 9th Ave 5s—See Stock
Dry Dock E B & B
1st gold 53 1932
_J-D
Scrip 5s 1914
F-A
Eighth Avenue stock
100
Scrip 6s 1914
F-A
42d & Gr St F’y stock.. 100
42d St M & St N Ave...100
80"
15
80
Exe
95
30
253
95
250
1st mtge 6s 1910.
-M-S
2d Income 6s 1915
J-J
40
Inter-Met—See Stock Exch ange
Lex Av & Pav F 53—See Stk Exc
Metropol St Ry—See Stk Exc
Ninth Avenue stock.... 100 155
Beeond Avenue stock
100
10
1st M 5s ’09 ext ’10..M-N
99
Consol 5s 1948.
F-A
56
t Sixth Avenue stock
100 115
8ou Boulev 5s 1945
60
J-J
Bo Fer 1st 5s 1919
A-O
88
Third Avenue RR—See Stk Exc
50
Tarry W P & M 5s 1928.
Y’kers St RR 5s 1946 A-U
75
28th & 29th Sts 5s ’93.-A-O fnlO
Twenty-third St stock. .100 190
Union Ry 1st 5s 1942
F-A
Westchester 1st 5s '43 J-J
Pub Serv Corp N J (Con)—
New’k Pas Ry 5s ’30--J-J
Rapid Tran St Ry
100
1st 5s 1921
A-O
J C Hob & Paterson—
4s g 1941
M-N
So J Gas El & Trac
100
Gu g 53 1953
M-S
No Hud Co Ry 6s 1914 J-J
53 1 928..
_.J-J
Ext 53 1924
M-N
Pat Ry con 6s 1931..J-D
100
40
525
100
425
2d 6s opt 1914....A-O
Side El (Chic)—See Ch
60
list
list
list
180
16
59
130
85'
92
list
80
85
20
15
75
Brooklyn.
Atlan Avenue RR—
Con 5s g 1931
B B & W E 5s 1933
A-O 100
A-O
97
10 165
Brooklyn City Stock
Con 5s—See Stock Exch ange
Bklyn Hgts 1st 5s 1941 A-O
98
Bklyn Queens Co & Sub—
e 1st g 5s ’41 op 1916 _J-J
e 1st con 5s ’41 op ’16 M-N
Bklyn Rap Tran—See Stock Exc
60
Coney Isl & Bklyn
100
1st cons g 4s 1948
78
J-J
Con g 4s 1955
75
J-J
Brk C & N 5s 1939...J-J
95
Kings Co El 4s—See Stock Exc
Nassau Elec pref
100
5s 1944
A-O 103
1st 4s 1951—See Stock Exc
N W'b’g & Flat lpt ex 4Hs
87
3teinway 1st 6s 1922...J-J 103
Other Cities
Buffalo Street Iiy—
1st consol 5s 1931
F-A 105
Deb 6s 1917
A-O 103
Columbus (O) St Ry....l00
Preferred
100
Colum Ry con 5s—See Phi ia list
Crosst'ii 1st 5s 1933._J-D
99
l Conn Ry & Ltg com... 100
72
e Preferred
100
79
1st & ref 4 Ha—See Stock Exc
Grand Rapids Ry pref. .100
82
r Louisv St 5s 1930
J-J
10434
Lynn & Bos 1st 5s 1924.J-D 104
t New Orl Rys & Lgt
100
25lg
e Preferred
...100
67
Gen M g 4 Ha 1935—See S tk Ex
Pub Serv Corp of N J
100 112
Tr ctfs 2% to 6% perpet
9912
North Jersey St Ry_.100
60
1st 4s 1948
M-N
74
Cons Tract of N J.
100
72
1st 5s 1933
J-D
103
...
102
102
170
list
102
100
99
list
75
83
80
100
list
105
list
92
105
108
106
9534
10234
103
“81
list
85
105
106
2512
6 734
list
114
100*2
75
73
104
So
' f.”
Bid
20
65
140
100
list
104
90
83
21
90
list
10012 102
65
where marked
Street Railways
■
15
58
120
98
Exc
102
except
Ask
107
235
100
245
7314
128
7412
131
9714
101
102
95
114
99
icago
Syracuse R T 5s 1948 ..M-S
100
98l4
-
-
-
-
....
102l2
-----
Gas Securities
Other Cities.
Am Gas & Elec com
Preferred
Amer Light & Tract
Preferred
101
Exc
165
101
101
97
35
99
55
85
102
50
50
*48
100
100
288
*401*)
103
list
175
102
104
100
50
101
--
share,
b Basis,
e
Sells
on
99
98
-
-
-
1001s
54.60
54.60
4.30
4.30
100
Deb 5s 1915
Lanston Monotype
101
981g
9834
96
Lawyers’ Mtge Co
96 2
98
e
9734
--
106
49l2
4112
292
10312 105
Bay State Gas
.50
*2
h
Bingh’ton (N Y) Gas Wks
1st g 5s 1938
95
A-O
100
Brooklyn Un Gas—See Stk Exc list
Buffalo City Gas stock. .100
3
5
.
1st 5s 1947—See Stock Exc
list
Cities Service Co
100 xO'i
64
Preferred
100 X70
89
Con Gas of N J 5s 1936 .J-J
90
94
Consumers’ L H & Pow—
5s
1938
J-D
100
Denver Gas & Elec
100
190
210
Gen g 5s 1949 op
90
M-N
92
Elizabeth Gas Lt Co
100 300
Essex & Hudson Gas
100
135
Gas & El Bergen Co
100
77
80
e Gr Rap 1st 53 1915
95
F-A
102
Hudson Co Gas
..100
132
136
Indiana Lighting Co
33
100
35
4s 1958 op
64
F-A
65
50
11
Indianapolis Gas
20
1st g 5s 1952
A-O
80
85
Jackson Gas 5s g 1937..A-O / 88
9212
e Laclede Gas.
100 10419 IO5I4
e Preferred
100
80
102
Madison Gas 6s 1926
A-O
103
108
Newark Gas 6s 1944
126
Q-J
Newark Consol Gas
100
96
98
e Con g 5s 1948
J-D 103
104
No Hudson L H & Pow—
5s 1938
A-O
100
Pacific Gas & E, com
68
100
69
Preferred
100
87
88
Pat & Pas Gas & Elec.. 100
88
91
e Con g 5s 1949
M-S 100
101
St Joseph Gas 5s 1937..J-J
89
93l2
50
5
4
....
....
7212
*6212
85
90
76
Exc
80
list
100
10018
9134 92*2
Barney & Smith Car
Preferred
100
100
_
Bethl'm Steel Corp—See S
Bliss Company com.... 50
Preferred
50
Bond & Mtge Guar
100
Borden's Cond Milk
100
Preferred
100
Briti3h Col Copper
5
Butte Coalition Mining. 15
Casein Co of Am com...100
Preferred
100
Casualty Co of Amer
100
Celluloid Co
...100
Cent Fireworks com
100
Preferred
100
Central Foundry.
100
Preferred
.100
Deb6s’19 redatl05.M-N
Chesebrough Mfg Co.... 100
Chino Copper Co
5
City Investing Co
100
n
Nominal,
----
30
-
-
-
-
70
---
-
5l4
416
42
101
100
3«:
30
9014
9*’s
s
S2034
68
22
473,
32*4
100
165
93
94
92*2
6
52
80
113
112
3
47
50
107
110
130
180
110
135
205
U5
IOII4 101*8
39
35
91*4
9U4
244
230
135
35
85
&U2
93
248
275
145
45
-
57
102
L27
25712
121
106
*714
73s
*1819
19
312
234
55
140
50
125
132
*
-
-
-
--
--
6
40
-
----
/ 31
700
*21
58
101
102
93
93
45
45
43
3
22
40
s Sale
35
-
-
-
-
2II4
62
105
106
96
-
-
-
59
-----
30
Exc
100
Nipisslng Mines
5
..10
100
100
100
*1078
50
*227g
Ohio Copper Co
Ontario Silver
Otis Elevator com.
Preferred
60
list
65
200
*4
95
..
♦
35
68
210
5
98
11
lloj 191«
HJ!
2
50
98
23
48
96
50 *
4U8
list
Pittsburgh Coal—See Stock Exc
Pope Mfg Co com
53
56
100
Preferred
74
78
100
Pratt & Whitney pref. .100 10212 104
Producers Oil
100
142
146
116
Realty Assoc (Bklyn)
100
100 180
190
Royal Bak Powd com
Preferred
100
104
107
126
Safety Car Heat & Lt
100 124
__
25
100
South Iron & S com
Preferred
Standard Cordage
1st M g 5s ’31 red..
*
100
100
75
340
__
33U
5
10
100
8
16
_
_A-C f
16
Adjust M 5s Apr 1 1931.. f 3
Standard Coupler com.. 100
Preferred
100
100
Standard Milling Co
16
100
Preferred
100
50
1st 5s 1930
M-N
83
Standard Oil of N J
100 614
Swift & Co—See Boston Stk Exc
1st 5s.
See Chicago Stk Exc
Texas Company—See Stock Exc
e Texas & Pacific Coal.. 100
95
100 135
*8
Tonopah Min (Nevada)
1
Trenton Potteries com.. 100
4
Preferred new
100
45
Trow Directory
30
.100
Underwood Typewriter.100
60
Preferred
100
99*2
Union Typewriter com.. 100
49
1st preferred
;
100 104
2d preferred
100 103
United Bk Note Corp
50 *49
Preferred
50 *50
United Cigar Mfrs
100
62
e Preferred
100 100
United Copper
100
4l4
Preferred
15
100
U S Casualty
.100 215
U S Envelope com
50
100
Preferred
100 110
U S Finishing
92
100
Preferred
100 105
1st g 5s 1919
J-J 100
Con g 5s 1929
J-J
95
U S Steel Corporation—
Col tr s f 5s 1951 opt’ll
114
Col tr s f 5s '51 not opt..
114
U S Tit Gu & Indem
100
e Utah Copper Co—Sp.p.
pfk Exc
Westchester & Bronx Title
& Mtge Guar
100 160
Westlngh’se Air Brake.. 50 *140
West El & Mfg 5s —See Stk Exc
Worthlngt’n Pump pref. 100 105
4
41
price,
.
-
--
13a
10312
8*8
*
New Central Coal
20
N Y Air Brake 6s—See Stock
N Y Biscuit 6s 1911
M-S
e New Y’ork Dock
100
e Preferred
100
N Y Mtge & Security
100
N Y Transportation
20
Niles-Bem-Pond com
100
Title Ins Co of N Y
127
-
*llfi
20
4
40
18
54
87
618
list
iist
list
100
140
Sl4
8
55
.
125
123
250
119
105
-
97
e
Seneca Mining
Singer Mfg Co
102
100
iist
SS0
90
tk Ex list
Preferred
...100
e Ciaflin (H B) com
100
e 1st preferred
100
e 2d
preferred.
100
Col & Hock Coal & I pf.100
1st g 5s 1917
J-J
Col tr 6s Oct 1956
J-J
Consol Car Heating.... 100
Consol Rubber Tire.... 100
Preferred
100
Ddoenture 4s 1951. A-O /
Stock Exchange, but not very active. / Flat
price,
9014
-
H
c2
90
160
91
Preferred
190
l22lo
158
125
224
103
-.
-
*2134 22
11312 11513
Nat Bank of Cuba
io6i2
National Surety
100 (190
19712
e NevadaCons’dCopper. See Stk
Ej X iist
Nev-Utah Min & Sm
10
*7« l5lfl
Pittsburgh Brewing
Industrial and Mi seel
-
-
110
93
100
100
M-N
20
.100
100
50
50
100
100
..
e
----
105
40
<78
4G34
50
May Dept Stores
l
107
109l2
t Exc list
105
115
*30
35
...
103
35
100
100
100
Mortgage Bond Co
/ 85
f
f
3i2
...
55
86
35
6
12
59
-
100
100
Preferred
Adams Exp g 4s 1947..J-D / 8914
Ahmeek Mining
.25 ♦180
Alliance Realty..
.100 11712
American Book
100 154
American Brass
...100 120
American Chicle com
100 218
Preferred
100
100
Am Graphophone com. .100
5
Preferred
100
24
Amer Hardware
122
100
Am Malting 6s 1914
J-D 100
Amer Press Assoc'n
100
95
Am St Found new—See S tk Ex
6s
1935
A-O 101
Deb 4s 1923.
F-A
69
American Surety
50 230
American Thread pref....5
*43.
Am Tobacco Co com
100 412
Amer Typef’ders com
40
100
Preferred
98
100
Deb g 6s 1939.
97
M-N
Amer Writing Paper....100
210
Preferred
100
2914
1st s f g 5s '19red 105.J-J
89l2
Atl Gif & W 1 S3 Lines.. 100
Preferred
100
Col tr g 5s’1959..
67
J-J
85
20
103
M-S
Leh & Wiikes-B Coal
Loriliard (P) pref
Madison Sq Garden
2d 6s 1919
Manhattan Transit
lOUs 1015s
97»2
9934 10014
10018 10012
t
192
100
com
e
Preferred
_
*
9712
-
IngersoU-Rnnd
Monongahcla R Coal
Chic Peor «fc St L—
Prior Hen g 4 Hs '30. M-S
Con mtge g 5s 1930—J-J
Income 5s, July 1930
Chicago Subway.
100
Kan & Col Pac 6s 1938.F-A
Nat Rys of Mexico—See S
Northern Securities Stubs.
Pitts Bess & LE
50
Preferred
50
e Railroad Securities Co—
Ill C stk tr ctfs ser A
52
Seaboard Company—
1st preferred
100
Com & 2d pref—See Bal
Seaboard Air Line—
Coll 5s ext May 1911.M-S
West Pac 1st 5s 1933..M-S
_
|
_
101
list
Trent P & H 5s 1943...J-D
95
United Rys of St L—
Com vot tr ctfs
8U
100
912
e Preferred
100 ,3612 37
Gen 4s 1934—See Stock Exc
list
Unit Rys San Fran—See Stk Exc
list
Wash Ry & El Co
33
100
34»*>
Preferred
100
86
86l2
4s 1951
J-D
83 U 833s
New York
Cent Un Gas 5s 1927
J-J
Con Gas (N Y)—See Stock
e Mutual Gas
100
New Amsterdam Gas—
1st cousol 5s 1948
J-J
N Y & E R Gas 1st 5s '44 J-J
Consol 5s 1945
J-J
N Y & Richmond Gas-,100
Nor Un 1st 53 1927
M-N
e Standard Gas com
100
P
e
efe-re
100
1st 5s 1930
M-N
9912
Railroad
•••
•
9834
100
South'Ry g 5s 1913
F-A
Tidewater 63, 1913, guar
Wabash 4Hs 1913
M-N
We3t Telep & T 5s '12.F-A
Westingh’se El <fe M 6s 1913
5% notes Oct 1917.-A-O
Sf
67,
1S9
4
8
100
e Preferred.
100
Intercontinental Rubber 100
Internat'l Banking Co. .100
International Nickel
100
Preferred
100
1st g 5s 1932..
.A-O
International Salt
100
1st g 5s 1951...
A-O
International Silver
100
Preferred
100
1st 6s 1948
J-D
Internal Smelt & Refg-.lOO
Internat Time Record.. 100
Preferred
100
Jones & Laughlin Steel Co
1st s f g 5s 1939
M-N
e Lackawanna Steel
100
9.‘>14 9b34
1003fi 1005s
9S34 9912
N Y N H & H 5s ’11-*12
St L <fc S F 4Hs ’12 op.F-A
53 Mch 1 1913.
M-S
Hi 2
*C34
e
991- 109
4Hs Jan 1911-1925
1
Greene-Canahea
20
Guggenheim Explor'n.. 100
Hoboken Land & Imp..
1st 5s Nov 1930
Houston (911
Preferred
Hudson Realty
997g 10014
88I4
99%
903.J
9812
975g
IOOI4
Hudson Companies—
63 Oct 15 1911
A-O
6s Feb 1 1913
F-A
Interb R T g 6s 1911..M-N
K C Ry & Lt 6s ’12
M-S
Minn & St L g 5s 1911._F-A
e N Y C Llne3 Eq 5s ’ll-’22
100
100
100
15,
94
149
83
85
5*i 12
20
40
15
10
62
55
100
05
105
100
Hecker-Jones-Jewell Milling
1st 6s 1922
M-S
Herring-Hall-Mar new.. 100
97
20
28
55
65
971o 100
106
103
96
30
40
65
To
25
27
96
100
Am Clg ser A 4s 1911 ..M-S
Ser B 4s Mch 15 ’12..M-S
Balt & Ohio 4Hs 1913.J-D
Bethleh Steel 6s 1914..M-N
Chic & Alton 53 1913..M-S
Cin Ham & D 4s 1913...J-J
C C C & St L 5s, June 1911..
100
Preferred
e General Chemical
e Preferred
Gold Hill Copper
767,
146
81
11
Hackensack Water Co—
Ref g 4s '52 op 1912 __J-J
Hall Signal Co com.
100
Havana Tobacco Co
100
Preferred
'. 100
1st g 5s June 1 1922 .J-D
_
Short-Term Notes
Week ending
Dec. 23 1910.
Empire Steel
13
7634
*Ui
93*2
e
118
90
1st 5s 1922
.....M-N
N Y <fe Hob 5s May ’46.J-D
Hob Fy 1st 53 1946..M-N
N Y & N J 5s 1916
J-J
10th & 23d Sts B'erry
100
1st mtge 5s 1919
J-D
e Union B’erry stock
100
e 1st 5s 1920...
M-N
J
Duvls-Daly Copper Co... 10
Ferry Companies
3 .fc N Y 1st 6s 1911.....J-J
N Y & E It Ferry stk
100
100
100
Diamond Match Co
100
duPont (E I) de Nem Po 100
e Preferred
.100
e Gold 4 Hs 1936
1-D
Electric Boat
100
Preferred
100
121
105
65
40
110
no
GO
90
90
Crucible Steel
e Preferred
e
—
Ask
Industrial and Miscel
77
41-9
64
4012
Pacific & Atlantic
25
e Pac Telep &
Teleg pref 100
Southern & Atlantic ....25
Jan. 1 to Dec. 23.
1900.
Ask
iist
Telegraph and Telephone
1,537,949
3,386,848
210.931,520
163,956,244
$131,343,150 $303,381,200 $14,623,885,27o $19,284,722,700
$500
$67,300
$1,101,100
$382,450
Government bonds
State bonds
RR. and misc. bonds.
DAILY
$43,000
70,500
261,000
147,000
182,000
80,000
$13,500,500*
1,537,949 $131,343,150
U. S.
Bonds.
State
Bonis.
Bonds.
Bid
cago
Gr’t We3t Pow 5s 1946..J-J
e Kings Co El L & P Co. 100
Narragan (Prov) El Co
50
N Y & Q El L & Pow Co. 100
Preferred
100
United Electric of N J
100
1st g 4s 1949.
.J-D
Western Power com....100
Preferred
100
YORK STOCK EXCHANGE
DAILY, WEEKLY AND YEARLY.
Shares.
..
Electric Companies
Chicago Edison Co—See Ch
i AT THE NEW
Stocks.
Week ending
Dec. 23 1910.
[VOL.LXXXXI
t New stock,
x
_
_
_
%
62
100M
51
108
107
52
52
63
103
4I3
20
113"
97
no
105
100
1143,
1143,
921;
list
166
list
108
Ex-dlv.—y Kx-rigi
Dec. 24
1703
THE CHRONICLE
1910.]
Railroad Intelligence.
taesiraeul and
riAILKOAD
EARNINGS.
GrtOSS
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
can
totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the electric railways are brought together separately on a subsequent page.
statement to show the fiscal year
period
Week or
Month.
ROADS
Ala N O ATtxPacN O & No, East.
Ala & Vicksburg.
Vicks Shrev & P.
Ala Tenu & North
Atch Topeka & S Fe
Atlanta iJirm & At:
Atlantic Coast Line
Jetooer
m
wk
Current
Year
Previous
Year.
$
$
5
$
,i, cn> i
Baltimore & Unit governuer. /,4V'U,10i
136,54.
B & O Ch Ter RE September
269,559
Bangor & Aroostook October
8,560
Beliefonte Central.. November.
1,085,314
October
Boston & Maine.
October
4,456
Bridgeton & Saco It
192,7ot
But/ Koch A Pitts b. :ci wk Dec
202,422
Buffalo & Susq
September
281,UOi
Canadian Nor thorn. :a wk Liec
Canadian Paciiic— id wk Det 1,899,006
d wk De;
269,001
Central of Georgia..
fetober
i,418,315
Central of New Jer
October
383,70?
Central Vermont
2,332
Chattanooga South, ith wk Nov
575,923
dies & Ohio Lines. Id w'k Dec
a wk Dec
309.758
Chicago & Alton...
1,909,595
Chic Burl & Quines October
.0
wk
Dec
256,61-.
p Chic Great W'est.
102,283
Chic Inti & Louisv. :d wk IJe<
Calc Ind & Southeri —See New York Get)
6,508,261
Chic Mil & St Paul. October
October
1,319.990
Ch Mil & Pug Sd
Jetooer
/, 378,281
Chic & North west
October
1,662,073
Chic St P M & Om.
864,69?
Cln Ilam & Daytoi. October
g
..
_
_.
_.
_.
..
._
..
Clev ctn Cine & St I —See New
Colorado Midland.. October
Colorado & soutn.. :d wk Dec
..
Copper Range
September
Cornwall
Cornwall & Geuaa..
Cuba Railroad
Delaware & Huasoi,
Del Lack & West..
Denv
Rio Grauut
Denver N W & Pac.
Det Tol & lront Sys
Ann Arbor
October
lctuber
October
Jetooer
;>1 ,o3i
2,557,255 2,503,776
_.
_
296,05:.
157,753
133,861
0,671
9,931,805 9,444,348
__
Dei
October
Year.
10,361
..
October
Previous
328,512
101,503
140,911
November.
November.
November.
.
Current
Year.
._
_.
_.
__
i',u24,i>lt
95,401
256,084
7,083
3,914,354
3,828
166,56l
236,890
2t>9,40i
i,746,001
252,700
2,459,702
352,353
1,873
587,739
256,361
1,363,547
219,264
94,673
,
1,029,687 4,795,113
/ ,409,070 27,750,328 27,238,044
1,494,236 5,987,850 5,261,453
885,624 3,443,689 3,336,250
335,006
7Ut>
69,518
14,020
7j
8,238,i>o3
197,688
60,125
131,681
821,883
7,212,819
9
156,698
1,948,931 1,836,202
3,218,290 3,261,250 12,354,823
403,aUU 11,827,089
448,600
546,693
15,897
18,668
962,24?
30,932
32,796
934,230
36,438
43,007
544,381
18,976
17,134
922.872 1,280,069 4,516,927
1,599,407
51,604
55,016
584,996 2,371,061
602,817
5,115,689 5,180,085 20,231,648
8,016
1,884
1,900
356,166
78,832
71,198
318,130 1,042,208
316,283
hern Rail way.
779,135 20,882,867
825,945
139,134 2,442,687
143,689
864,691
50,208
62,024
843,621
62,320
55,191
5,698,315 6,335,465 30,240,657
655,570
207,313
179,553
782,298 2,945.970
759,569
5,348,567 5,126,767 26,112,196
168,000 4,544,837
187,000
172,237 3,861,992
158,421
1,551,033
67,486
63,673
255,536 1,182,009
290,685
861,897 3.527,437
951,102
917,218
39,600
37,200
3,271,262 3,302,220 15,680,343
173,594
34,866
39,858
Inc. 260
Inc.62 ,744
477,386
111,457
113,838
426,611
108,944
104,591
1,092,950 1,041,220 25,252,751
65,863
14,456
14,679
782 135
3,302,965
823,574
163,085
39,518
42,284
199,700 3,487,100
193,300
774,446
122,975
218,690
867,475
7,867,898
209,997
56,644
153,312
641,234
6,704,037
October
id wk Dec
4th wk Nov
id wk Dec
id wk Dec
id w'k Dec
October
Dul Sou Sh & Avian id wk Dec
October
October
Erie
October
October
October
—See Sout
id wk Dec
Grand Trunk Syst.
4th wk Nov
Grand Trk West
Det Gr Hav & Mil 4 th wk Nov
4th wk Nov
November.
October
Octooer
Hocking Valley
Illinois Central
November.
Internat & Grt Nor. id wk Dec
Dec
a Interoceanic Mex. id wk
id wk Dec
Iowa Central
October
Kanawha & Mich.
October
ia wk Dee
K C Alex & Orient.
November.
Lehigh Valley.
Lexington & East.. October
October
Long Island
Louisiana & Arkau October
October
id wk Dec
November.
Maine Central....
October
Maryiand & Penna. October
4 th wk Nov
a Mexican Railway.
a Mexico Nor West.
October
—See New York Cen tral.
Michigan Central
340,959
Mineral Range
15,195
13,505
id wk Dec
89,365 2,535,154
96,608
Minn St P & S S M) id wk Dec
374,561 10,996,072
392,159
12,257,177
307,977
278,033
__
__
..
_.
__
._
_.
__
__
.
__
..
—
__
..
__
__
..
Chicago Division/
Mississippi Central. October
Mo Kan & Texas.
Mo Pac & Iron Mt]
Central Branch.]
Nashv Chatt ASt L
a Nat Rys of Mex_<_
u
__
77,541
82,042
11,296,989
489,411
704,753
860,784
550,581
5,484,405
1.07/.374
2,328,575
18,894,541
7,503
321,666
1,015,690
20,780,691
2,588,275
858,599
934,778
31,078,621
698,603
2,774,562
24,420,838
4,068,296
3,649,305
1,598,512
937,125
3,018.670
,238
427,821
396.844
23,557,794
67,015
3,252,151
148,963
3,200,000
411,319
399,782
2,480,068
11,554,418
_
_
_.
__
AGGREGATES OF GROSS
1st
2d
3d
4th
1st
2d
3d
4th
1st
2d
Summaries.
week Oct
week Oct
week Oct
wreek Oct
week Nov
W'eek Nov
week Nov
w'eek Nov
week Deo
W'eek Dec
(42 roads)
(42 roads)
(42 roads)..__
(46
(41
(43
(40
(40
(41
(42
roads)....
roads)
roads)
roads)....
roads)....
roads)
roads)
Cur nt
Year Prev's
$
14,399,649
14,838,200
15,114,753
20,827.936
14,198,835
14,555,983
14,278,852
17,439,211
13,426,554
13.408,331
Year
$
14.023,816
14,158,835
14,512,278
20,204,138
13,836,545
14,373,360
13,578,646
16,978,284
12,665,276
12,525,875
Inc. or
De^
S
+ 375,833
4-679,365
+
602,475
+ 623,798
+ 362,290
+ 182,623
+
700,206
+ 460,927
+ 701,278
+
5,571,071 5,417,411 22,046,413 20,969,571
9,100,925 3,889,031 35,971,065 34,064,680
4,399,005 4,307,470 17,586,258 16,793,474
2,002,762 1,909,892
495,235
505,27:
324,804
1,106,586 1,144,441
327,011
2,706,510 2,700,718 10,621,999 9,953,284
2,308,090 2,585,574 10,858,466 10,126,599
1,126,349
294,360 1,317,324
342,741
450,827
484,44?
119,070
117.580
1,634,951 1,601,088 0,305,255 6,053,791
1,203,759
1,298,688
321,384
331,915
984,12? 3.876.976 3,538.274
1,093,571
384,832
1,985,878 1,548,206
500,823
23984411 23017745 93,415,703 37,913,576
326,381
1,246,136 1,128,372
335,527
862,940
940,040
229,268
248,034
11,553,005
12,591,374
3,300,513 3,045,354
1,180,907 1,245,307 4,401,377 4,360,977
6,368,879 7,793,072 25,491,957 28,991,368
758,929 3,142,392 3,030,650
804,850
4,933,070 4,944,045 20,202,/6 / 19,011,172
14773884
14576084
56,599,707 55,079,207
Inc.12 1,400
Inc.2,28 4,200
5,716,37i) 0,549,902
1,509,464
V
1,453,52
1,660,681 1,564,481 6.846.976 6,166,176
2,805,751 2,898,84- 14,6u9,4/1 13,995,213
49,535
52,148
14,265
15,332
__
October
_.
October
October
October
October
October
October
October
October
October
October
October
October
October
October
...
__
__
__
__
..
__
_.
__
__
_.
_.
_.
__
October
October
October
October
_.
..
__
_.
__
Raleigh & Southp’t October
Company
October
October
__
October
Southwest
San Ped L A & S L.
Seaboard Air Line.)
Atlanta A Blrm. }•
Florida W ShoreJ
Southern Indiana.
Southern Pacific Co
Southern Railway.
Mobile A Ohio
Cln N O & Tex P.
Ala Great South.
Georgia Souec Flu
Texas A Pacific
Tidewater & West.
Toledo Peor & West
Toledo St L & West
St Louis
4,003,362 4,062,620 14,892,138 14.343.383
2,992,042 3,444,847 8,679,040 8,860,000
6,996,004 7,507,467 23,571,176 23.203.383
051,228
728,389
169,694
28 i ,3 o9
267,613
96,250
232,989
299,844
2d wk Dec
10,097
October
6,622,782 6,410,161 24,282,660 23,777,070
644,028
615,907
October
172,227
185,079
October
4,074,796 3,828,766 14,821,545 14,327,639
October
__
September
2d
_
wk
Dec
October
178,319
100,405
10,297
1,171,671 1,085,712 4,278,299 3,899,589
861,778
982,237
228,649
216,429
5,475,117 5,130,907 20,082,082 19,089,006
October
/ Evansv & Ter H October
Total of all lines. October
St L Rky Mt & Pac. October
__
2d wk Dec
707,158
5,830,791
2,641,656
568,88i
5,291,354
743,496
148,417
20J,130
709,265
435,567
419,757
9,239,624
8,631,564
194,237
261,129
882,474
2,828,047
479,600
623,974
October
133,243
149,478
October
12,478958 12,654702 47,372,616 46,311,921
2d Wk Dec 1,102,212 i,098,10/ 18,019,007 26,517,504
2d wk Dec
224,596
200,598 ■4,988,572 4,710,200
2d wk Dec
160,356
4,342.877 4,013,306
170,931
2d wk Dec
72,758 2,062,174 1,798,266
82,753
2d wk Dec
46,443
51,022 1,080,801 1,059,759
2d wk Dec
323,906 7,848,285 7,326,322
355,562
26,065
28,265
October
6,643
6,276
603,069
536,774
2d wk Dec
25,042
21,745
2d wk Dec
83,539
80,230 1,807,066 1,810,986
25,122
October
27,479
6,271
6,440
Tombigbee Valley
Union Pacific Syst. October
8,905,657 8,890,381 33,911,422 32,474,222
Vandalia
October
962,560
919,442 3,758,283 3,310,456
416,781
426,587
111,704
116,519
Virginia A Sou West October
Waoash
2d wk Dec
529,877 14,409,288 13,676,949
585,398
Western Maryland. October
607,697 2,655,222 2,340,743
651,866
W Jersey A Seash.. October
484,730
437,630 2,967,569 2,643,069
619,874 2,580,589 2,471,015
771.581
Wheeling A Lake E October
110,294
105,822
October
37,688
34,901
Wrightsvllle & Tenn
Yazoo & Miss Vail. November. 1,174,392 1,075,125
4,322,429 4,249,262
__
_
__
_
_.
_
__
_
_.
__
__
__
Various Fiscal Years.
151,392
id wk Dec 1,034,000
923,000 25,113,363 24,667,275
October
1,019,241 1,009,213 3,873,282 3,790,626
id wk Dee 1,183,398 1,181,629 28,896,612 25,430,459
192,171
248,691
Nevada-Cal-Oregon. 2d wk Dec
7,320
5,934
October
Nevada Central
26,444
25,315
8,334
6,866
N O Great Northern October
575,503
430,656
139,005
117,864
N O Mobile & Chic. Wk Dec lb
786,435
704,313
38,044
37,919
October
743,446
702,628 3,482,661 3,134,981
Weekly
Year.
789,753
15,214,924
November. 2,867,469 2,433,439 13,123,633 11,858,586
.
October
__
__
758,162
190,692
—
Phlla & Reading.
Coal & Iron Co__
Total both cos
Rich Fred & Potom
Rio Grande dune...
Rio Grande South
Rock Island Lines..
St Jos & Grand Isl.
St Louis & San Fran
Chic & East Ill..
243,962
Previous
Year.
Current
Previous
Year.
Year.
October
Pennsylvania Co
d Penn—E of P & E October
d West of P & E_ October
October
Pere Marquette
Phi la Balt & Wash. October
Pitts (Jin Ch & St E_ .November.
Reading
oZ J,
2 8,4 3 j
Michigan Central.
Clove C C & St L_
Peoria & Eastern
Cincinnati North.
Pitts & Lake Erk
Rutland
N Y Chic & St L_
Toledo A Ohio C.
Tot all lines above
N Y Susq & West..
Norfolk Southern..
Norfolk A Western.
Northern Central..
Northern Paciiic—
Pacific Coast Co
6,553,305 24,352,306 23,610,689
York Gen tral.
60,180
11,906
N Y N H & Hartf..
e N Y C & Hud Kiv.
Lake Shore
71 Lake E & West
Chic lnd
South
tral.
203,964
Curren.
Week or
M07lth.
ROADS.
S
1,488,071
1,421,844
766,926
712,767
659,944
613,646
24.091
34,2 3 x
36,091,145 34,879,236
1,279,6-16
1,179,131
0,021,842 8,334,509
*0, JLo4
>3,04o,200
407,932
285,908
995,959
950,551
39,634
28,145
16,215,892 15,573,202
20,479
19,181
4,578,260 4,360,824
593.853
663,683
7,4<2 300 G,2u9,b0u
>0 i
Kj ItiC
15,203,790
6,043,951
5,669,292
9,645,744 9,182,359
1,394,142 1,370,465
40,028
34,531
15,405,584 14,319,356
7,099,371 6,604,212
32,759,270 10,896,895
5,962,493 5,455,806
2,947,860 2,793,767
,
July 1 to IAttest Date.
Latest Gross Earnings.
July 1 to Latest Dale.
Dates, Gross Earnings.
Belief onte Central
Delaware & Hudson
a
Current
Previous
Year.
Year.
Period.
Jan
Jan
Jan
Mexican Railway
Mexico North Western
fan
e N Y Central A Hudson River- Jan
Lake Shore & Michigan South Jan
7i Lake Erie A Western
Jan
Chicago Indiana A Southern. Tan
Jan
Michigan Central
Cleve Cln Chicago & St Louis Jan
Peoria A Eastern
Jan
Cincinnati Northern
Jan
Jan
Pittsburgh A Lake Erie
Rutland
Jan
New York Chicago A St Louis Jan
Toledo A Ohio Central
Jan
Total all lines
Jan
Northern Central
Jan
d Penn—East of Plttsb A Erie.. Jan
(t West oi Pittsb oc Erie
inn
Phlla Baltimore & Washington. Jan
fan
PittsD Gin Chicago & St Louis.
Rio Grande Junction
Oec
Texas & Pacific
Jan
Jan
West Jersey & Seashore
a
_
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
1
1
1
1
1
to
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Nov
Oct
Noy
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Occ
Oct
Nov
Sept
Dec
Oct
30
$78,908
31 16,848,067
30
7,604,400
31
1,843,33/
31 82,941,864
31 41,299,387
31
4,573,643
31
3,032,345
31 24,609,403
31 25,039,728
31
2,909,083
31
1,074,413
31 14,588,878
31
2,775,033
31
9,326,499
31
4,151,566
31 216321842
31 10,591,771
31 137023656
me. 11,66
31
31 15,929,387
v
30
30
14
31
$57,397
16,001,404
6,920,900
1,029,068
76,638,451
37,038,582
4,077,233
2,571,125
22,543,654
22,634,621
2,462,701
975,457
11,836,433
2,573,816
8,209,747
3,177,743
194739 563
10,072,071
125222056
1,000
14,631,387
31,661,165 7,585,313
843,176
765,504
15,278,960 13,944,490
5.567,521
5,041,621
EARNINGS—Weekly and Monthly.
Monthly SumTnaries.
%
2.68
4.80
4.15
3.06
2.61
1.2/
5.16
2.71
6.08
7.11
Mileage Curr. Yr.
Prev. Yr.
February __236,852
231,652
230,841
232,463
232,494
232,054
233,203
March
April
May
June
235,925
237,569
237,560
238,108
238,169
July
August
238,493
September..240,678
Octooer
232,162
November.. 87,809
Current
Yd. Previous Yr. Inc.
$
202,258,490
237,533,005
225,225,596
234,310,642
237,036,159
230,615,776
239,404 254,005,972
237,809 256,647,702
228,050 256,585.392
85,221 69,828,448
$
174,159,723
204,916,997
196,595,911
201,069,381
209,270,887
217,803,354
235,726,000
246,335,586
253,922,867
68,138,393
or
Dec.
$
+ 28,098.767
+ 32,616,008
+ 28,629,685
+ 33,241,261
+
27,765.272
+ 12,812,422
+ 18,279,972
+ 10,312,116
+ 2,662,525
+ 1,690,055
%
16.15
15.92
14.56
16.53
13.27
5.00
7.75
4.19
1.05
2.48
a Mexica.i currency
it Govern tines directly operated,
e Includes the New York A Ottawa, the St. Lawrence A Adirondack and the Ottawa *
N. Y. Ky., the latter of which, being a Canadian road, docs not make returns to the Inter-State Commerce Commission,
f Includes Evansville A
In liana RR.
g Includes the Cleveland Lorain A Wheeling Ry. in both years,
n Includes the Northern Ohio RR.
p Includes earnings of MasonOlty
A Ft
Dodge and Wise Minn. A Pacific.
s Includes Louisville A Atlantic from July 1 19J9 and the Frankfort & Cincinnati from Nov- 1 1909.
I In*
eludes the Mexican International from July 1910.
u Includes the Texas Central in 1910.
1704
THE CHRONICLE
Latest Gross
Earnings by Weeks.—In the table which
[VOL.
Latest Gross
Name of
Road.
follows we sum up separately the earnings for the second week
of December.
The "table covers 42 roads and shows 7.11%
increase in the aggregate over the same week last year.
Week or
Month.
42dStM&SNAv (Rec) August
Second Week of December.
1910.
Alabama Great Southern
Atlanta Birmingham & Atlantic
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific.
Central of Georgia
Chesapeake & Ohio
Chicago & Alton
Chioago Great Western
Chicago Indianapolis & Louisv.
Cin New Orl & Texas Pacific
Colorado & Southern
Denver & Rio Grande
Detroit & Mackinac
Detroit Toledo & Ironton
Ann Arbor
Duluth South Shore & Atlantic
Georgia Southern & Florida
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Haven & Mil.
Canada Atlantic
International & Great Northern
Interoceanic of Mexico
Iowa Central
Kansas City Mexico & Orient
Louisville & Nashville
Mineral Range
-
.
Minneapolis & St Louis
Minneapolis St Paul &SSM..1
Chicago Division
j
Missouri Pacific
Mobile & OhIo._.
National Railways of Mexico.
-
_
Nevada-California-Oregon
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
!
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western
Wabash
Total (42 roads)
Net increase (7.11%)
1909.
Increase.
$
72,759
51,630
166,550
259,400
1,746,000
252,700
587,739
256,361
219,264
94,673
160,356
323,703
403,500
17,134
30,932
36,438
51,604
51,022
$
9,994
4,301
26,156
22,500
153,000
16,700
825,943
779,135
46,808
187,000
158,421
63,673
39,600
1,092,950
13,505
96,608
392,159
168,000
172,237
67,486
37,200
1,041,220
15,195
89,365
374,561
19,000
1,034,000
224,596
1,183,398
5,934
10,297
261,129
435,567
1,162,212
355,562
21,743
83,539
585,398
923,000
200,598
1,181,629
7,320
10,097
200,130
419,757
1,098,107
323,906
25,042
80,230
529,877
111,000
23,998
1,769
13,408,331 12,525,857
922,873
882,474
$
82,753
55,931
192,706
281,900
1,899,000
269,400
575,923
309,758
256,614
102,283
170,931
333,060
448,600
18,976
32,796
43,007
55,016
46,443
Decrease.
$
Galv-Hous Elect Co. October
Grand Rapids Ry Co. November.
Havana Electric Ry_ Wk Dec 18
__
Honolulu Rapid Tran
& Land Co
11,816
53,397
37,350
7,610
10,575
9,357
45,100
1,842
1,864
6,569
3,412
Earnings
Previous
Year.
,
13,816
3,813
2,400
51,730
1,690
7,243
17,598
1,386
200
60,999
15,810
64,105
31,656
Ocean Electric
Paducah Tr & Lt Co.
Pensacola Electric Co
Port (Ore) Ry.L&PCo
Puget Sound Elec Co.
Richmond Lt & RR_
Rio de Janeiro Tram
/_
_
3,299
3,309
55,521
40,399
-Gross EarningsCurrent
Previous
Year.
Year.
Net Earnings
Current
Previous
Year.
Year.
%
24,166
$
12,680
Atlantic City Elec Co._ .Nov
Auburn Lt, Ht & Pow. .Nov
30,085
19,689
16,849
7,255
4,180
Canton Elect Co_
29,214
24,179
16,526
13,596
Edison El Ill Co of Bost .Nov
485,156
July 1 to Nov 30..
1,943,776
Rockford Elect Co
.Nov
35,697
Scranton Elect Co
.Nov
66.340
U S Express Co b.
.Sept
988,458
July 1 to Sept 30
2,697,342
.Nov
Wheeling Cos
17,715
456,089
1,732,411
287,247
1,066,179
16,210
30,855
166,935
275,310
10,757
272,318
903,387
31,323
62,630
_
766,036
2,085,100
15,784
15,085
13,730
25,565
78,672
7,584
9,421
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
a
Current
Year.
Atlantic City El Co
-Nov
Auburn Lt, Ht & Pow. _Nov
Canton Elect Co
_Nov
Previous
Year.
Current
Year.
Previous
Year.
$
5,577
$
2,313
3,622
3,289
3,633
891
3,285
2,944
13,241
10,652
$
9,508
5
7,367
Rockford Elect Co
.Nov
6,570
4,775
9,640
8,955
.Nov
11,092
8,127
28,763
17,438
Wheeling Cos
.Nov
1,162
763
9,595
8,658
ELECTRIC
RAILWAY
AND
Latest Gross
Name of
Road.
Week
or
Month.
American Rys Co
November.
c Au Elgin & Chic Ry October
Bangor Ry & Elec Co October
Baton Rouge Elec Co October
Binghamton Ry
October
Brockt’n & Ply St Ry October
__
__
_.
TRACTION
Earnings.
Current
Previous
Year.
Year.
307,375
296,087
137,662
49,173
154,359
49,593
9,598
28,462
8,937
COMPANIES.
Jan. 1 to latest date.
Previous
Year.
__
_
471.776
89,425
27,788
3,321,598
1,296,068
444.669
79,686
9,797
_.
_
August
October
October
November.
October
__
__
_
_
July
102,014
80,327
39,264
996,619
938,868
1,948,462
39,118
26,192
36,375
26,543
138,433
509,171
373,675
263,642
268.968
-
_
._
.
_
_
__
Wayne & Wabash
Valley Traction Co October
131,360
122,806
1,266,086
1,161,156
341,989
4,379~325
392,154
6,304,216
929,316
130,921
9,156,290
3,871,786
856,952
3,628,643
1,565,102
4,972,849
110,935
226,817
656,371
1,818,987
1,045,816
1,886,791
86,979
205,077
4,385,356
1,581,086
189,996
6,885,258
82,296
221,064
50,618
544,077
80,683
9,817
13,522
37,082
50,759
278,686
942,007
2,665,591
521,977
887,466
2,202,481
502.436
550,467
72,240
163,895
149,793
502,459
2.378,817
2,437,467
3,575,659
7,162,492
564,896
59,067
__
__
August
August
November
July
Tampa Electric Co__ October
Third Avenue (Rec). August
.
_
_
Toledo Rys & Lt Co. October
Toronto Ry Co
October
Twin City Rap Tran. 2d wk Dec
_.
El
Ry
of London—
Three tube lines
Metropolitan Dist.
United Tramways
.
Wk Dec 17
Wk Dec 17
Wk Dec 17
Union (Rec)
August
UnionRy.G&ECodll) October
United RRs of San Fi
Westches Elec (Rec).
Whatcom Co Ry & Lt
Yonkers RR (Rec)..
c
October
August
October
August
_.
£14,435
£11,761
£5.497
212,511
284,293
670,295
56,584
35,620
59,107
239,375
332.977
134,136
£13,985
£11,178
£5,084
189,321
266,263
733,766
51,103
35,672
£645,045
£542,106
£311,516
1,488,773
2,421,889
6,337,515
352.450
334,910
147,583
146.097
487,013
2,008,166
2,220,811
3,190,268
6,612,552
£635,825
£497,647
£299,501
1,355,726
2,282,987
6,190,805
288,795
330,862
These figures are for consolidated company.
Electric
Railway Net Earnings.—In the following we show
and the net earnings to latest dates of all
ELECTRIC railways from which we have been able to pro¬
cure monthly returns.
The returns of the different roads
are published by us each week as soon as
received, and once
a month we bring
together all the roads reporting, as is
done to-day.
both the gross
Gross Earnings
Current
Previous
Year.
Year.
Roads.
Net EarningsPrevious
Year.
Current
Year.
S
Oct
$
356,685
3,009,842
$
313,847
2,619,970
2,909,292
304,982
2,531,914
Aurora Elgin & Chic.b--Oct
July 1 to Oct 31..'
154,359
677,075
137,662
618,116
68,576
333,026
63,890
315,533
Bangor Ry & Elec Co.b-Oct
July 1 to Oct 31
Baton Rouge El Co.b
Oct
49,593
216,472
49,173
210,051
29,552
128,933
29,132
125,157
8 937
3,770
31,561
3,325
23,335
27,788
126,576
10,253
114,155
12,496
61,883
11,810
57,958
3,461
32,298
2,661
34,510
13,206
85,718
6,351
77,675
American Lt & Tr Co
Jan 1 to Oct 31
_.
34 5,559
9,598
89,425
28,462
133,608
9,797
103,927
30,495
247,558
21,379
223,050
27,253
215,157
17,049
115,788
20,002
200,611
6,906
89,697
65,902
757,376
60,227
687,747
18,795
216,948
77,993
728,940
67,570
642,355
Oct 1,250,923
10,265,252
Cleve Painesv & East_a.Oct
31,818
Jan 1 to Oct 31
301,199
Columbus Elec Co.b
Oct
46,962
1,109,640
9,298,394
Dallas Electric Corp.b-.Oct
165,371
Jan 1 to Oct 31
1,202,984
Detroit United Ry.b
Oct
809,455
Jan 1 to Oct 31
7,837,433
147,838
1,079,139
1
to
Oct
31
_
Brock & Plym St Ry.b.Oct
Jan 1 to Oct 31
Cape Breton El Co.b.--Oct
Jan
1
to
Oct
31
d Carolina Pow & Lt Co.Nov
Jan 1 to Nov 30
_
Central Penna Tr Co.:
Jan
1
to
_
_
Nov
Nov 30.
-
_
Chattanooga Ry & Lt.b.Oct
Jan
Chicago
Jan
1
to
Oct 31
Railways
1
to
Oct
31.__
_
.
79,686
29,467
271,673
33,053
95,278
906,006
711,476
6,674,907
87,235
810,837
194,974
2,161,328
177,712
1,850,565
55,172
515 504
58,347
485,222
58,504
504,497
41,433
387,874
Ft W & Wab V Tr Co.b-Oct
131,360
Jan 1 to Oct 31
1,266,086
Galv-Hous Elec Co.b
Oct
113,476
Jan 1 to Oct 31
1,079,612
122,806
1,161,156
Jan
1
to
Oct
31
East St L & Sub.b.
__Nov
Jan 1 to Nov 30
_
El
Paso Elec Co.b
Jan 1 to Oct 31
Oct
Fairmont & Clarksb.b-.Oct
Jan 1 to Oct 31
.
_
1,656,179
614,475
5,018,865
915,702
9,149,929
1189,428
10,069,685
48,367
41,567
471,781
644.416 607,167 6,833,950
105,075
94,255 1,018,739
24,226
24,625
140,872
1132,410 1072,661 9,385,226
407,173 378,546 4,270,868
79,848
73,127
975,856
366,098 334,871 4,078,895
158,739 149,426 1,662,093
533,764 527,180 5,162.783
20,534
15,503
146,362
40,319
39,307
243,107
111,065
742,763
98,936
176,137 155,757
208,342 184,815 2,045,748
154,007 135,697 1,195,575
187,654 178,938 2,021,612
24,147
26,764
88,482
20,949
18,924
23,650
21,027
223,114
498,953 411,001
5,108,927
161,760 170,199 1,607,034
47,797
42,658
195,133
8
859,684
87,644
259,390
53,794
469,033
83,582
10,799
14,298
41,446
43,254
296,474
258,820
379,721
141,127
.
Duluth-Sup Trac Co.b.-Oct
3,586,533
1,415,845
10.253
103,927
114,155
Bklyn Rap Tran Sys. August
1972,238 1936,237 14,573,476 13,707,505
October
Cape Breton Elec Co.
30,495
27.253
247,558
215,157
Carollna Pow & Lt Co November
231,379 200.002
223,050
200,611
Cent Park N & E Rlv August
58,425
53,469
422,480
391,843
Central Penn Trac
November.
65,902
60,227
757,376
687,747
Chattanooga Ry & Lt October
77,993
67,570
728,940
642,355
Chicago Rys Co
October
1250,923 1109,640 10,265,252 9,298,394
Cleve Palnesv & East October
31,818
29,467
301,199
271,673
Coney Isl & Brooklyn August
160,020 166,357 1,027,223 1.025,421
Dallas Electric Corp. October
165,371
147,838 1,202,984 1,079,139
Detroit United Ry
2d wk Dec 156,144
138,524 8,840,671 7,588,049
D D E B & Bat (Rec) August
54,036
56,506
411,023
420,645
Duluth-Superior Trac October
95,278
87,235
906.006
810,837
East St Louis & Sub. November
194,974 177,712 2,161,328 1,850,565
E1 Paso Electric
October
55,172
58,347
515,504
485,222
Falrra & Clarks Tr Co October
58.504
41,433
504,497
387.874
Ft
_.
October
August
August
_.
Current
Year.
113,476
88,376
42,454
$
929,909
1,079,612
1,036,304
2,080,408
November
November.
October
October
Heat & Power Co.
Sao Paulo Tr Lt & P.
Savannah Electric Co
Seattle Electric Co
Second Avenue (Rec)
Southern Boulevard.
Sou Wisconsin Ry Co
Staten Isl Midland
*
Scranton Elect Co
$
120,563
9,945,040
_
Companies.
November.
Binghamton Ry
_.Oct
July 1 to Oct 31
INDUSTRIAL COMPANIES.
-Int., Rentals, &c.—
—Bal. of Net E'ngs.—
$
129,238
Previous
Year.
632,568
Jan
Charges and Surplus.
Current
Year.
946,006
Underground
Net Earnings
Current
Previous
Year.
Year.
Previous
Year
Light & Power Co. November.
St Joseph (Mo) Ry Lt
_
INDUSTRIAL COMPANIES.
Interest
October
Jan. 1 to latest date.
Current
Year.
186,862
October
_
$
$
$
$
Baltimore & Ohio.b
Nov 7,470,106
7,524,610
1,823,381
2,509,939
July 1 to Nov 30
40,154,550 38,043,200 11,837,494 13,246,826
Lehigh Valley_b
Nov 3,271,262
3,302,220
1,221,746
1,466,178
July 1 to Nov 30.,
15,680,343 15,214,924
5,822,102
6,218,857
Pitts Cine Chic & St L.a.Nov 2,805,751
2,898,8451,016,400
627,739
Jan 1 to Nov 30
31,661,165 27,585,313
6,888,283
7,548,186
_
August
August
August
..
Gross
Current
Year.
Nov
__
_
4,579
Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
and industrial corporations reported this week:
Companies.
__
October
November.
Milw Lt Ht & Tr Co- November.
Montreal Street Ry__ November.
Nashville Ry & Light November.
New Orleans Ry & Lt October
N Y City Interborugh August
N Y & Long Island Tr August
N Y & Queens County
August
Norf & Portsm Tr Co November.
North Ohio Trac & Lt October
North Texas Elec Co. October
Northwest Elec Co__ November.
Net Earnings
Roads.
October
Houghton Co Trac Co
Hudson & Manhattan
Illinois Traction Co__
Interbor R T (Sub)__
Interbor R T (Elev).
Jacksonville Elect Co
Kans City Ry & Lt Co
Lake Shore Elec Ry.
Long Island Electric.
Metropolitan St (Rec)
Milw El Ry & Lt Co.
Earnings.
LXXXXI
Grand Rapids Ry Co.b.Nov
Jan 1 to Nov 30
102,014
996,619
88,376
80,327
1,036,304
938,868
Houghton Co Trac Co.b-Oct
26,192
26,543
Jan 1 to Oct 31
263,642
268,968
Honolulu RT&L’dCo.b.Oct
39,118
36,375
Jan 1 to Oct 31
373,675
341,989
Illinois Trac Co.a
Oct
614,475
509,171
Jan 1 to Oct 31.
5,018,865
4,379,325
Interborough Rap Tr.a.Nov 2,558,279
2,459,767
July 1 to Nov 30
11,526,299 11,283,758
3
13,902
178,227
29,198
269,511
40,402
357,830
n375,277
ft332,892
n3,079,575 n2,789,518
15,421
12,621
145,756
126,242
30,038
14,417
76,219
67,441
402,878
401,534
286,397
239,976
2,828,950
2,500,875
44,983
35,732
394,895
329,351
93,313
87,873
1,027,149
849,515
22,253
22,635
189 050
216,908
39,118
27,080
328,664
254,209
63,994
52,420
559,806
482,231
47 539
37,362
421.777
407,812
42,011
37,126
528.012
491,198
13,373
13,473
125,264
124,198
20,221
18,881
180,568
168,552
276,115
244,026
2,052,819
1.858,763
1,418,754
1,448,230
6,047,384
6,237,186
Deo. 24
1705
THE CHRONICLE
1910.]
Gross Earnings—
Current
Previous
Year.
Year.
Roads.
$
48,367
471,781
$
41,567
392,154
644,416
607,167
3,829,206
Lake Shore El Ry.a
Oct
105,075
1,018,739
Jan 1 to Oct 31
Lewist Aug&Waterv.b.Nov
37,580
July 1 to Nov 30
255,291
Milw El Ry & Lt.b
-Nov
407,173
Jan 1 to Nov 30
4,270,868
79,848
Mllw Lt, Ht & Tr Co.b-.Nov
3,551,648
Jacksonville Elec Co.b.-Oct
Jan 1 to Otc 31
—Int., Rentals, <fec.—
-Net Earnings-
Current
Previous
Year.
Year.
Roads.
$
19,430
168,120
$
21,279
214,912
Nov
1,242,264
1,178,518
$
£82,566
£788,692
Milw Lt, Ht & Tr Co
Jan 1 to Nov 30.
Nov
68,957
774,146
65,476
711,712
£19,604
£285,005
30,785
61,865
33,023
361,330
64,209
316,152
44,114
437,456
106,643
$
116,463
254,947
1,533,014
94,255
929,316
44,501
439,871
Montreal Street Ry
Oct 1 to Nov 30
Nov
32,013
64,011
35,985
256,671
12,437
113,380
12,777
123,351
Nashville Ry & Light
Jan 1 to Nov 30
Nov
33,390
369,036
378,546
3,871,786
73,127
856,952
334,871
688,879
149,426
1,565,102
527,180
4,972,849
193,001
1,972,588
190,060
1,957,232
Norf & Porstm Trac
Nov
61,373
316,769
43,322
547,837
40,520
499,443
Oct
43,367
433,528
138,656
319,594
72,892
703,016
210,438
1,935,122
134,734
314,006
66,245
645,599
200,267
1,800,109
155,757
824,968
79,534
397,531
70,261
365,626
184,815
1,818,987
135,697
1,045,816
94,971
922,519
84,015
830,457
82,884
559,832
71,102
471,209
18,924
9,202
7,160
223,114
21,027
205,077
8,648
87,827
PhilaCo (affiliated cos)a-Oct 1,649,892
Apr 1 to Oct 31
11,488,041
1,646,415
10,531,707
Portland(Or)Ry,Lt&P b Nov
498,953
Jan 1 to Nov 30
5,108,927
411,001
4,385,356
Puget Sound El Co.b—Oct
170,199
111086
10,072
91,714
661,295
4,881,115
276,372
2,893,959
60,681
564,354
632,568
6y885t258
82,296
887,466
485,805
4,898,056
43,683
439,150
221,064
2,202,481
1 f705f597
277,172
2,781,691
39,962
4 2 V ,435
141,002
1,370,908
50,618
502,436
18,276
181,105
17,645
176,284
544,077
50,759
229 393
19,256
217,877
23,968
Nov
975,856
Nov 30
Jan 1 to
366,098
Montreal Street Ry.b.-Nov
752,786
Oct 1 to Nov 30
158,739
Nashville Ry & Light .a. Nov
Jan 1 to Nov 30.
1,662,093
New Orl Ry & Lt.a
Jan 1 to Oct 31
Norf-l& Portsm
533,764
Oct
5,162,783
Trac.b._Nov
176,137
July 1 to Nov 30
Nor Ohio Tr & Lt.a
Jan 1 to Oct 31
900,711
208,342
2,045,748
Nor Texas Elec Co.b—Oct
154,007
Jan 1 to Oct 31
1,195,575
Paducah Tr & Lt Co_b--Oct
20,949
Pensacola Elec Co.b
Oct
23,650
Jan 1
to
Oct
Oct 31
161.760
1,607,03a
946,006
JanTr, Lt & P.a.Nov
to Oct 31
Jan 1
Rlode
Jan 1 to Nov 30
9,945,040
87,644
tJos(Mo)Ry,Lt,Ht&P bNov
942,007
Sao Paulo Tram,L&P.a.Nov
259,390
Jan 1 to Nov 30
2,665,591
53,794
Savannah Elect Co.b.-_Oct
Jan 1 to Oct 31
521,977
to Nov 30
Jan 1
Seattle
piect Co.b
Tampa Elect Co.b
Jan 1 to Oct 31
469,033
43,254
Oct
Oct
502,459
Toledo Rys & Light Co._Oct
258,820
Jan 1 to Oct 31
2,437,467
Toronto Railway
Jan 1 to Oct 31
to Oct
1
170,324
1,571,888
99,601
336,616
85,216
319,788
5,773,383
3,268,877
3,063,640
£55,874
£33,777
£27,384
£61,692
£22,311
£32,305
266,263
£2,803
144,641
2,282,987
1,085,068
1,035,624
370,492
United RRs Of San Fr-b-Oct
Jan 1 to Oct 31
670,295
6,337,515
9,230,939
733,766
6,190,805
Whatcom Co Ry & Lt.b Oct
Jan 1 to Oct 31......
25,620
35,672
3,160,870
282,484
2,388,535
17,478
334,910
330,862
136,470
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
d Includes Durham Light & Power Co., beginning Nov. 1.
n These figures represent 30% of gross earnings.
—Int., Rentals, &c.—
Previous
Cur re
Current
Year.
Year.
Oct
Oct
Bangor Ry & Elec Co
July 1 to Oct 31..
Baton Rouge El Co
Oct
..Oct
Binghamton Ry
July 1 to Oct 31
Brock & Plym St Ry
Oct
to
Oct 31
16,167
72,708
1,944
1,951
1,826
1,374
9,118
36,555
8,941
36,069
3,378
25,328
21,889
1,578
17,013
1,756
18,103
883
905
15,285
16,407
6 161
55,071
6,199
55,113
10,888
60,717
7,007
30,605
16,702
123,220
7,338
65,065
6.980
54,230
Oct
8,083
80,691
7,828
75,428
Columbus Elect Co
Oct
Oct
12,915
12,106
1,502
27,471
279,332
52,471
144,947
39,970
122,202
178,429
1,689,549
Duluth-Sup Trac Co
Oct
024,066
0202,649
50,347
551,402
8,224
83,282
El Paso Elect Co
Jan 1 to Oct 31_
Nov
Oct
Fairmont & Clarksburg-_Oct
Jan 1 to Oct 31
13,112
126,739
Ft W & Wab V Tr Co...Oct
Jan 1 to Oct 31
451 383
Galv-Houston Elec Co_.Oct
Jam 1 to Oct 31
Grand Rapids Ry
Jan 1 to Nov 30.
Nov
Houghton Co Trao Co__Oct
Jan 1 to Oct 31
Honolulu R T & L’d Co._Oct
Jan 1 to Oct 31
Interborough Rap Tran.Nov
July 1 to Nov 30
Oct
Jacksonville Elect Co
Jan 1 to Oct 31
Kan City Ry & Lt
Nov
June 1 to Nov 30
Lake Shore Elect Ry..-_Oct
Jan 1 to Oct 31
Lewlst Aug & Waterv’__Nov
July 1 to Nov 30
4,793
50,814
17,932
Oct
East St Louis & Sub
Jan 1 to Nov 30
2,869
23,748
257,931
Detroit United
Jan 1 to Oct 31
Oct 31
Previous
Year.
15,818
74,288
Cleve Painesv & East
Jan 1 to Oct 31
to
Current
Year.
12,965
52,449
22,218
215,281
1
—Bal. of Net E'ngs.—
13,734
54,645
23,700
231,601
Jan
16,064
143,566
$
34,477
198,456
Oct
Oct 31
Dallas Electric Corp
Jan 1 to Oct 31
407,656
3,385,267
331,229
2,364,930
$
34,797
200,586
Chattanooga Ry & Lt
to
1,116,050
$
29,413
117,077
Oct
1
£29,278
£4,409
129,977
$
33,779
132,440
Cape Breton Elect Co
Jan 1 to Oct 31
Jan
I
Charges and Surplus.
Interest
1
957,042
164,319
183,585
596,962
•
Jan
109,655
95,959
230,867
645,358
Underground El Rys London—
Metropolitan Distrlct.Nov
£61,911
London Electric Ry__Nov
£63,918
London United Tram.Nov
£21,965
Union Ry Gas & El (III) b Oct
284,293
Jan 1 to Oct 31.
2,421,889
United Rys Of St L.a.-.Oct 1,041.837
Jan 1 to Oct 31
9,601,041
Aurora Elgin & Chic
July 1 to Oct 31
201,987
223,692
3,575,659
379,721
6,265,727
Roads.
59,609
536,405
921,041
191,153
1,734,324
Oct
31
239,375
236,731
2,371,137
2,220,811
332,977
3,190,268
Tri-City Ry & Lt.a
Nov
Twin City Rap Tr Co.b--Oct
Jan
487.013
667,207
4,134,366
45,829
25,565
235.805
19,475
218,406
6,637
63,998
6,971
65,789
886,445
4,444,415
9,346
92,502
188,643
1,132,175
34,669
347,678
13,713
68,679
£97,320
£120,417
155,972
1,565,475 £1,265,057 £1,056,918
"14,975
20,917
020,757
140,504
192,246
0188,847
37,932
42,966
49,941
304,971
475,747
544,544
14,215
8,420
14,029
108,633
133,623
80,417
14,425
12,655
26,006
130,406
123,803
201,925
10,135
18,165
42,285
58,501
423,730
108,423
14,877
21,974
22,485
185,972
192,602
214,710
18,536
22,536
18,590
282,522
309,606
208,676
7,258
6,736
6.215
64,195
61,266
60,003
£13,683
£13,325
6,378
£112,792
£120,476
62,135
£561,631
£598,866
881,070
3,389,091 £1,750,095 £2,044,817
9,978
11,933
9.452
75,058
93,062
122,410
83,518
74,371
171,429
495,954
413,535
1,037,060
9,047
14,465
35,454
95,325
141,960
344,546
def 1,276
def2,316
15,093
48,946
44,701
74,405
—Bal. of Net E'ngs.—
Current
Previous
Year
Year.
Milw Elect Ry & Lt
Jan 1 to Nov 30
263,014
1,545,710
49,134
489,638
Kan City Ry & Lt.b
June 1 to Nov 30
Previous
Year.
$
Current
Year.
•
July 1 to Nov 30
Nor Ohio Tr & Lt
Jan 1 to Oct 31
112,913
Northern Texas Elec Co-Oct
Jan 1 to Oct 31
194 745
16,189
170,873
Paducah Tr & Lt Co____Oct
7,170
6,625
5,105
Pensacola Elect Co
Oct
50,345
Jah 1 to Oct 31
151,217
Portland (Or) Ry, Lt & P Nov
1,550,411
Jan 1 to Nov 30
4,474
43.527
20,290
23,308
250,364
18,219
178,427
109,913
21,608
235,210
6,130
51,429
78,452
769,162
to
Oct 31
(b)Outsandig
Oct
Savannah Elect Co
Jan 1
to
.Seattle Elect
Oct 31
Oct
Co.
Tampa Elect Co
Jan 1 to Oct 31
Toledo Rys &
Jan 1 to
Oct
Light Co..Oct
Oct 31
TrI-CIty Ry & Light
Twin City Rap Tr Co
Jan 1 to Oct 31
Nov
Oct
Union Ry Gas & El (Ill)_Oct
Jan 1 to Oct 31
United Rys of St L
Jan 1 to Oct 31
Oct
44,300
111,712
1,007,910
9,832
64,368
18,354
192,225
57
25
102,169
4,624
45,807
13,126
172,263
75,616
727,818
£17.784
£154,558
54,316
3,413
115,708
19,344
156,180
£34,285
£231,668
41,803
179,537
1,674,879
77,238
472,732
£179,032
£1,086,081
7,595
60,808
43,413
232,654
535
4,174
2,678
119,480
C140.251
Cl,388,761
52,739
643,318
2,333,364
41,369
54,913
300,336
17 620
45,285
66,845
660,301
62,594
365,087
2,032
4,967
172,871
C140.321
Cl,401,974
51,604
488,991
20,375
188,786
StJos(Mo) Ry,Lt,Ht&P_Nov
Jan 1 to Nov 30
1
18,161
80,762
125,155
1,343,548
10,863
56,041
50,018
508,313
Jan
39,502
333.980
125,019
1,363,227
49.777
472,037
Oct
Puget Sound El Co
255,583
$
£81,757
£826,581
£19,918
£283,789
103,949
252,141
33,222
284,269
6,052
49,474
39,901
393,001
232,267
2,333,899
196,295
1,866,904
77,796
424,767
£141,563
£861,879
8,469
9,229
Whatcom Co Ry & Lt__Oct
82.758
87,936
Jan 1 to Oct 31
c Includes dividend on preferred stock.
x After allowing for other Income received.
8,249
48,534
ANNUAL REPORTS,
Railway.
{Report for Fiscal Year ending June 30 1910.)
Pres. George J. Gould, N. Y., Nov. 30, wrote in substance:
New Consolidated
Missouri Pacific
Company.—On Aug. 9 1909 articles of consolidation
filed In the offices of the Secretaries of State of the States of Missouri,
Kansas and Nebraska, under which a new corporation. The Missouri Pacific
Railway Co. began operations, having been formed by consolidation of The
(former) Missouri Pacific Ry. and eleven of its subsidiaries as follows:
Kansas City & S. W. Ry. Co. of Mo.
Missouri Pacific Railway Co.
Kansas & Colo. Pacific Ry. Co.
Kansas City & S. W. Ry. Co.
Central Branch Railway Co.
Fort Scott Central Ry. Co.
Rooks County Railroad Co.
Kanopolis & Kansas Central Ry. Co.
Nevada & Minden Railway Co.
Kansas Southwestern Ry. Co.
Nevada & Minden Ry. Co. of Kan.
Leroy & Caney Vail. Air-Line Ry.Co.
At a meeting of the stockholders on Jan. 18 1910 an agreement of pur¬
were
chase was duly ratified by which the following-named properties were
acquired by deeds of conveyance, and that portion, 2.41 miles, of the St.
Louis Iron Mtn. & Southern Ry. formerly owned by the Kansas & Arkansas
Valley Ry., situated Jn Kansas, was likewise acquired:
Omaha Southern Railway Co.
Carthage & Western Railway Co.
Pacific Ry. Co. in Nebraska.
Joplin & Western Railway Co.
Kansas City Northwestern RR. Co. Pueblo & State Line Railroad Co.
St. L. Oak Hill & Carondelet Ry.Co.
Nebraska Southern Railway Co.
Sedalia, Warsaw & S. W. Ry. Co.
Omaha Belt Railway Co.
In accordance with action taken by
Purchases by the Iron Mountain Co.
the stockholders of the Iron Mtn. Co. on Feb. 2 and March 8 1910, all of
the property, rights and franchises of the following-named railroad com¬
panies were purchased by the St. Louis Iron Mtn. & Southern Ry. Co. and
acquired by deeds of conveyance:
Herrin & Johnston City Ry. Co.
Arkansas & Louisiana Ry. Co.
Kansas & Arkansas Valley Ry.
Arkansas Midland RR. Co.
Little Rock & Monroe Ry. Co.
Arkansas Southwestern Ry. Co.
Mississippi River Hamburg & West¬
Brinkley Helena & Indian Bay RR.
ern Railway Co.
Coal Belt Railway Co.
Natchez & Western Railway Co.
Eldorado & Bastrop Ry. Co.
New Orleans & Northwestern RR.Co.
Farmerville & Southern RR. Co.
Pine Bluff & Western RR. Co.
Garland Western Railway Co.
Springfield Southwestern Ry. Co.
Gurdon & Ft. Smith RR.
Gurdon & Ft. Smith NorthernRy.Co. St. Louis Watkins & Gulf Ry. Co.
Wabash Southern Railway Co.
Herrin Railway
and that portion of the line of the Little Rock & Hot Springs Western RR.
between Benton and Hot Springs, Ark., was also purchased.
Changes in Statistics Due to Above Action.—That a proper comparison
may be made with the preceding years; the general statistical information
given of The Missouri Pacific Co.’s business includes the operations for/a
full year, and also includes for a like period the operations of The Central
Branch Ry. and auxiliary companies which theretofore were a constituent
part of preceding annual reports.
The details of the Income and profit and
loss accounts and the general balance sheet represent only the results of
operation of the new company since its corporate existence Aug. 9 1909.
The operations of the St. Louis Iron Mtn. & Southern Ry. Co. are re¬
ported herein for the full year, except that the operations of the additional
lines purchased are included only since Feb. 2 1910.
Capitalization of Missouri Pacijic—Bonds Assumed, Etc.—The con¬
solidation previously referred to necessarily resulted in changes being made
in the outstanding capital stock and various mortgage bonds.
The out¬
standing capital stock of the new The Missouri Pacific Ry. Co. Is $83,251,000, $79,753,900 having been exchanged for the surrendered stock of the
old The Missouri Pac. Co. and $3,497,100 for the surrendered stock of the
branch lines of railway which formed the new consolidated The Missouri
Pacific Railway Co. Aug. 9 1909.
Under the terms of the consolidation and of the acquisitions of the lines
heretofore named, the mortgage bonds of the several companies entering
into the consolidation, as well as those of the several companies whose lines
were acquired, were assumed by the new company.
The greater part of
..
indebtedness of the consolidated and transferred
the bonds representing the
lines other than the old The Missouri Pacific Ry. Co. are the property of
the new The Missouri Pacific Ry. Co., and are in the custody of trustees to
secure its issues of collateral trust bonds maturing in 1917 and 1920, and
its “first and refunding mortgage” bonds hereinafter described.
Of these
assumed bonds there are $12,281,000 outstanding in the hands of the public.
There were also assumed bonds of the old Missouri Pacific Ry., of which
$91,254,000 are outstanding, also equimpent trust obligations, of which the
total amount outstanding on June 30 1910 was $5,703,000.
The new company also Issued $29,806,000 of Its “first and refunding
mortgage” 5% bonds which, added to the aforesaid assumed obligations,
made the total funded debt on June 30 1910 $139,044,500, viz.:
(a) Outstanding Branch Line Bonds Assumed, Aggregating $12,281,000—
K.C.N.W.lst M.5s,Ser.A_$l,024,0001 Ler.&Can.V.A.L.RR.lst 5s $520,000
K.&C.P.Ry.Co.1st ref. 6s. 3,972,000 Central Br. Ry. IstM. 4s_ 3,459,000
Ver.V.Ind.&W.RR.lstM.5s
806,000] Cent.Br.U.P.Ry.1st M.4s_ 2.500,000
Bonds of Old Missouri Pac. Ry. Assumed, Aggregating
.
$91,254,500—
Assumed mortgage bonds of the old The Mo. Pac. Ry. Co. outstanding as reported June 30 1909, $91,267,000 (of which
tfiere is held in the treasury of the new company $12,500).$91,254,500
1706
THE CHRONICLE
(c) Issued under First and Ref. M. of the new Mo. P. Ry., $29,806,000.
Bonds (dated Sept. 1 1909, auth. Issue $175,000,000)
50-year
5% convertible gold bonds, Series A.
Issued and sold
$29,806,000
[Vol.
LXXXXI
•
1909-10.
Earnings—
From freight
•
(d) Equipment Trust Obligations Assumed, Aggregating $5,703,000
Equipment trust obligations of the Mo. Pac. Equipment Assn.,
Series A to I, $4,268,000, of which there has since been paid
$905,000, and of which there is held in the treasury $5,000-_
3,358,000
Equipment trust gold bonds, Series 1, $2,680,000, of which
there has since been paid $335,000
2,345,000
The first and refunding mortgage bonds were delivered to the Railway Co.
upon there being deposited with the trustee:
K.& C.P.Ry.lst ref. bds-$16,715,000 St. Louis Iron Mtn. &
K.C.N.W.RR.lstM.Ser.A
Sou. Ry. Imp. M. bds. $5,300,000
2,000
do
do
Series B
2,983,000 Cash
4,806,000
The funds derived from the sale of these bonds were used in part to pay
off the entire floating debt as of Sept. 1 1909 and to
purchase $5,300,000
improvement mtge. bonds of St. Louis Iron Mtn. & Sou. Ry. Co.; and the
remainder was deposited under the mortgage to be used from time to time
for the betterment and improvement of The Mo. Pac. Ry. Co.’s
properties.
The funds derived by the St. Louis Iron Mtn. & Sou. Ry.
Co. upon the sale
of the bonds above mentioned to The Mo. Pac. Ry. Co. were deposited
under the improvement mtge. of the St. Louis Iron Mtn. & South. Ry. Co.
to be used to pay for betterments and improvements on that
company’s
properties (compare V. 89, p. 1347; V. 90, p. 1296).
Iron Mountain Funded Debt.—The funded debt of the St. Louis Iron
Mtn. & Southern Ry. Co. in the hands of the public on June 30 1910 aggre¬
gated $120,102,534 (less $39,000 in treasury, &c.; net, $120,063,534), viz.:
(a) Assumed in Acquiring Additional Lines, Aggregating $2,196,000*—
Arkansas Midland RR. first mortgage bonds
$176,000
Little Rock & Hot Springs RR. first mortgage bonds
1,140,000
Pine Bluff & Western RR. Co. first mortgage bonds
880,000
1808-09.
$
$
38,201,784
10,360,306
Traffic
General
Total expenses
Ratio of op.exp.to earn.
957,492
854,856
788,513
1,003,685
46,385,543
44,238,703
48,703,343
8,000,104
7,687,429
18,889,986
1,368,745
1,601,107
6,999,729
7,042,448
17,237,366
1,157,524
1,489,446
6,649,883
5,479,486
17,084,872
1,087,667
1,344,379
5,906,121
6,998,863
16,509,356
1,085,744
37,547,372
33,926,513
(73.14)
12,459,030
31,646,288
(71.54)
32,515,070
(66.76)
12,592,415
16,138,273
9,034,595
1,435,869
991,382
888,115
755,100
53,019,137
(70.82)
Net earnings
1906-07.
$
$
35,509,589
9,696,064
1,519,794
1,445,254
1,087,673
969,808
954,312
From express
From miscellaneous
Other than from transp.
Transportation
1907-08.
31,423,577
8,814,164
1,400,101
From passengers
From mails
Total earnings
Expenses—
Maintenance of way
Maintenance of equip._
33,280,482
15,471,765
INCOME ACCOUNT OF MISSOURI PACIFIC AND
ST. LO UIS IRON MO UNTAIN A SO
UTHERN, INCL UDING
ALL LEASED AND OPERATED LINES.
1909-10.
1908-09.
1907-08.
Railway Co
5,300,000
(c) Funded Debt, Ac., as oj June 30 1909, Less Reductions during
Year, $110,407,570*—
Funded debt June 30 1909, $104,678,570, reduced from land
3ales $30,000
$104,648,570
Iron Mtn. car trust certs, $4,206,000 less since paid $1,009,000
3,197,000
Equitmeit gold bonds, Ser. 1, $2,928,000, less since paid
$366,000
2,562,000
Mileage.—The Mo. Pac. Ry. Co. owned on June 30 1910 3,781.70 miles,
and the St. L. Iron Mtn. & Sou. Ry. Co. owned 3,129.62 miles—total mile¬
age owned, 6,911.32 miles.
Avge. mileage operated during year, 6,774.76.
General Results.—The gross earnings from operation for the year increased
$6,633,594, of which $4,921,301 was from freight and $1,325,711 from
passenger.
The expenses increased $3,620,858.
Increasing Expenses.—The steadily increasing expenses have become a
serious factor in railway operations.
Materials and supplies are obtainable
only at constantly increasing cost.
Deman Is for higher wages on account
of the increased cost of living have been submitted to arbitration under the
Federal statute governing such matters and increases have been awarded.
Other large expenses are required in complying with Federal and State
regulations enacted within recent years.
The only way such increases in
expenses can be met, with a proper maintenance of the property and a fair
return to the stockholders, is by an advance in
transportation charges, and
this is difficult of accomplishment by reason of adverse
public opinion and
unfavorable action of Federal and State Railway Commissions
tending to
the still further reduction of the rates now charged.
There is no gainsaying
the statement that if the raliway carriers are not allowed for services ren¬
dered adequate compensation to enable them to properly
operate arid main¬
tain their properties and to establish and sustain a basis of credit for finan¬
cial transactions that will enable the owners to improve and
enlarge their
facilities, and thus meet the development of the country’s business resources,
the public will in the end be the greatest sufferer.
Outlook.—Average crops have been harvested in the territory tributary
to your lines, and the outlook for a good business for the
ensuing year from
these sources is very encouraging.
$
12,459,030
1,694,043
$
12,592,415
2,875,298
17,365,496
14,153,073
15,467,713
19,471,555
Int. on bonds & rentals.1 10,789,722
Taxes
1,903,004
Sundry accounts
1,913,358
Divs. on Mo. Pac. stock
9,380,307
1,715,758
1,992,499
9,145,189
1,644,057
1,692,751
9,060,875
1,483,949
1,228,628
Total
grounds
-
Widening
cuts and fills
Protection of banks
Grade revisions, &c__.
Bridges, trestles & culverts
$211,659
983,491
662,298
110,737
174,887
252,354
Additional main track
1,227,274
Sidings and spur tracks._
330,451
Terminal yards
‘ 727,842
Station buildings, &e
699,082
Total
*
05-lb.
all other commodities carried.
The passenger earnings for the year were
$10,210,357, an increase of
$1,316,472.
Passenger fares are still on an unremunerative basis of 2c. per
mile in the States of Illinois, Kansas, Nebraska and Oklahoma.
Progress
in getting relief is slow, but we hope for favorable decisions from
the pending
suits in the near future.
OPERA TIONS AND FISCAL RES ULTS OF MISSO URI PACIFIC
AND
ST. LOUIS IRON
MOUNTAIN A SOUTHERN (INCLUDING
PREDECESSOR
COMPANIES
OF
PRESENT
MISSOURI
PACIFIC PRIOR TO AUG. 9 1909).
1909-10.
Miles operated, average.
OpCTtltiOTlS—
Passengers carried
6,775
11,387,040
Pass, carried 1 mile
459,783,738
Fr’t (tons) car’d (rev.). 20,190,184
do
car’d 1 mile(rev.)4696378607
No. rev. tons in train
293.8
Earns, per fr’t tr. mile..
$2.39006
Earns, per pass. tr. mile
$0.89666
Gross earns, perm, of rd.
$7,826
1908-09.
6,489
1907-08.
6,479
1906-07.
6,375
10,747,492
10,361,498
9,496,531
445,883,907 452,374,569 432,547,733
17,664,133
16,920.741
18.302.155
4085859531 3970413543 4475852756
274.5
$2.23617
$0.82753
$7t149
285.0
309.6
$2.25598
$0.83878
$6,828
$2.45588
$1.02101
$7,640
(*)1,935,210(5)3,890,875
13,088,564
1,064,509
14,417,207
1,050,506
15,664,327
3,807,228
MISSOURI PACIFIC RY. PROPER (NEW CO.), INCL.
PREDECESSOR
COS. FOR PERIOD FROM JULY 1 TO AUG. 9
1909, COMPARED
WITH OLD MO. PAC. IN EARLIER
YEARS)—EARNINGS
AND EXPENSES.
1909-10.
Miles operated end of period
Earnings—
Passengers
Freight
Mail, express and miscellaneous
_
._
_
__
3,883
_
.
.
Total.
.
..
.
_
Expenses—
Alaintenance of way, &c_.
Maintenance of equipment
_
Transportation
Traffic expenses
General
_
_
_
1
_
....
.
._
Total
Net
earnings
Taxes
:
_.
.
_
_
_
Outside operations (net)
Operating income
Dividends, interest, rents, &c
Div.
on
.
_
._
_
..
_
St. L. I. M. & Sou. stock
Total net income
Dish u rse meats—
Interest
Rentals
on
bonds, &c
_
Equipment obligation
Interest and exchange
Hire of equipment
Sundry items
_
expenses
_
...
_
Dividends
...
Total disbursements.
year
_
.
.
1907-08.
3,492
$
4,283,227
16,909,693
2,164,113
4,128,771
14,838,594
1,979,245
23,357,033
21,468,537
20,946,611
3,617,418
3,509,811
9,519,738
625,784
683,801
3,197,280
3,466.833
8,960,099
571,767
709,443
3,130,727
2,660,115
8,700,156
17,956,552
5,400,481
907,504
*37,553
16,905,423
4,563,114
852,558
16,795
15,681,002
5,265,609
895,545
16,438
4,455,424
1,099,372
2,660,195
3,693,761
1,083,004
1,773,464
4.353,626
1,361,900
2,216,829
8,214,991
6,550,229
7,932,355
5,108,313
151,913
2,009
480,371
266,194
21,175
4,655,095
234,919
2,026
265,589
403,830
19,106
4,259,454
225,274
6,029,975
2,185,016
5,580,566
969,664
7,120,493
811,861
(see above)
Surplus for
1908-09.
3,492
$
4,058,876
15,357,167
2,052,494
$
543.458
646,546
54,838
221,732
388,665
35,319
(2 Yi) 1,935,210
*
Outside operations (net) in 1909-10 include dining car
revenues, $69,645; expenses, $107,198, leaving net loss as above, $37,553.
ST. LOUIS IRON MTN. A SOU.
RY.—EARNINGS
1909-10.
Miles operated end of
...
...
Total earnings
...
Expenses—
...
..
Traffic
General
Total expenses
Per cent of expenses to earnings.
Net earnings
_>•_
Outside operations (net deficit)
Taxes
._
...
_.
...
Divs., int.
i
..
Disbursements—
Interest on bonds..
Rentals
Hire of equipment.
Sundry items
2,609
1907-08.
2,599
5.510.S05
19,367,143
2,038,943
$
4,637,396
10,700,676
1,904,163
4,370.142
15,509,783
1,913,369
26,816,891
23,242,235, 21,793,20-1
$
...
_.
..
Divldends
Rate per cent
_.
_.
Balance, surplus.
AND EXPENSES.
1908-09.
3,288
period.
Earnings from—
.
37,958, capacity, tons, 1,285,075, decrease, 26,680 tons.
Traffic Departnieni.—The freight earnings were $38,201,784, an increase
of $4,921,301, or 14%.
The freight carried increased 2,526,051 tons.
A
coal strike in the States of Illinois, Missouri, Kansas, Arkansas and
Okla¬
homa took place April 1 of this year and was continued
beyond the close of
the fiscal year.
This not only deprived these companies of a large commer¬
cial tonnage, but necessitated the purchase of coal at high prices
in Alabama
and Kentucky and haul it long distances to points where needed
for con¬
sumption, thus increasing the operation expenses.
The tonnage of cotton
and cotton seed and products decreased 32% under that of the
preceding
year by reason of crop shortage.
Substantial increases are shown on nearly
3,283,283
Dividend of 2Y% paid Jan. 1908 in Mo. Pac. stock; V.
85, p. 1646.
...
70-lb.
63-lb. 00-lb.
50-lb.
52-lb.
Iron
370.68 204.38 1,410.10 301,3S
7.90
86.44
56.33 170.75 228.19
796.93 112-58 13.16
Mileage oj Ballasted and Unballasted Tracks, June 30 1910.
Gravel.
Rock.
Cinders.
Chats. Tot. Ball.
Unball’d.
Mo. Pac. Ry
214.63
422.04
700.53
988.43
2,325.63
1,538.11
St. L. I. M. & Sou.1,417.74* 148.04
255.72
363.50
2,185.00
1,016.89
Equipment.—During the year there was added; Locomotives, 57; passen¬
ger cars, 42; freight cars, 239, and service cars, 413.
There were con¬
demned and scrapped or removed from service
during the year: Locomo¬
tives, 3; passenger cars, 8; freight cars, 1,325, and service cars, 65.
Total
locomotives on June 30, 1,095, with tractive power
aggregating 30,684,387
lbs.; increase, 1,556,942 lbs.; passenger cars, 651, increase 34; freight
cars,
v
14,606,085
2,759,411
Surplus
Shops, engine houses, &c_
177,823
Increased weight of rail-.
Water and fuel stations..
142,363
Maintenance oj Way and Structures.—Expenditures averaged $1,180 87
per mile of road, against $1,078 79 in 1908-09.
Rail and Ballast.—The new 85-lb. steel
replacing old steel aggregated
185.48 miles, viz.: Mo. Pac. Ry., 118.08; St. L. Ir. Alt. & Sou.
Ry., 67.40.
Statement oj Mileage of Rail in Track June 30 1910.
Location—
85-lb.
75-lb.
Mo. Pac. Ry..976.78 592.52
Iron Altn
967.72 769.79
-
Deduct—
•
Extracts from Report of 1st Vice-Pres. C. S. Clarke, St. Louis, Nov. 15 1910.
Improvements, Ac., and Work in Progress.—Much construction and work
of a betterment character have been done during the year in
building second
main tracks, ballasting roadbed, replacing existing
steel-bridges with heavier
structures and replacing frame bridges with steel; substituting heavier
rail;
filling culverts and trestles; ditching and widening cuts and fills to secure
better drainage for the roadbed; the erection of new stations and other
structures; building and improving water and fuel stations; building and
equipping new shops; increasing the capacity of yards, &c.
The charges made to betterments during the
year aggregate $469,634 —
new equipment, $832,014;
improvements to equipment, $343,913; total,
$1,175,927; less amount required to be credited to property accounts from
equipment made out of service, $706,294; net, $469,633.
The additions and betterments charged to
property have aggregated
$8,012,135, the leading items being:
Right of way and station
Ballast
$1,972,577
1906-07.
$
16,188,272
$
15,471,765
1,893,731
Net earnings
Misc. inc., divs.,int.,&c.
_.
sold to The Missouri Pacific
2,014,985
CONSOLIDATED
—
(&) Bonds Issued during the Year, Aggregating $7,498,964*—
River & Gulf Divisions mtge. bonds for various Improvements-$2,198,964
Improvement 5% bonds, under mortgage dated Sept. 1 1909,
authorized for $25,000,000, maturing in 50 years, issued and
974,211
S
3,991,720
3,724,133
8,386,175
675,141
841,184
3,520,299
3.329,679
7,680,188
544,920
734,108
3,265,978
2.631,718
7,933,764
510,783
653,443
17,618,363
(05.45)
9,298,528
59,531
894,999
15,818,200
14,995,688
(68.06)
7,424.035
26,532
779,044
(68.80)
6,797,606
8,343,998
571,519
6,618.459
602,597
6,161,743
1,505,557
8,915,517
7,221,056
7,667,300
5,116,301
295,834
352,274
3,852,
2,663,467
(6%)
4,616,952
180,19S
520,228
101,522
1,775,645
(4%)
4,577,455
164,679
514,443
52,571
2,219,556
(5%)
8,431,728
483,789
7,194,545
26,511
7,528,704
138,596
635,863
MISSOURI PACIFIC RY. BALANCE SHEET JUNE 30 1910.
Liabilities ($300,395,210)—
Assets ($300,395,210) —
Road and equipment
$145,245,199
Securities pledged
a85,602,000
Sec. of sub. cos. unpl’ged
902,879
Other Investments
2,244,762
Cash
2,275,518
Securities issued or as¬
sumed in treasury—
427,500
Marketable securities..
30,162,064
Loans and bills receivable
188,741
Agents and conductors.
Miscellaneous accounts.
Materials and supplies.
Unmat’d int., divs., &c.
Advances
_
Special deposits
Oth. def. debit items
a
Capital stock
$83,251,000
Funded debt outstand’g
(see “Ry.&Ind.Sec.”) .139,044,500
Funded debt In treas.,&c.
48,477,500
Traffic,
&c.,
balances..
233,937
2,060,041
Pay-rolls
2,046,425
Freight claims payable..
64,404
Miscellaneous accounts.
4,675,665
530,505 Matured int., divs., &c__
64,044
15,736,724 Other working liabilities.
63,385
6,651,078 Unmatured interest, divs.,
245,125
&c., payable.
2,063,069
382,523 Deferred credit items
1,695,653
8,346,488 Profit and loss
16,655,587
Vouchers
_
1,454,104
Includes securities of proprietary, affiliated and controlled
companies,
$42,290,000, and securities issued
or
assumed, $43,312,000.
THE CHRONICLE
Dec. 24 11)10. i
SOU.RY.BAL. SHEET JUNE 30 1910
($180,651,628)—
Liabilities ($180,651,628)—
Road and equipment
$147,693,541 Capital stock
$44,396,574
Securities pledged
a4,364,851 Funded debt outstand’g
Sec. of sub. cos. unpl’ged
9,949
(see‘‘Ry.&Ind.Sec.’’) .120 061,905
CONDENSED
ST.LOUIS IRON MOUNTAIN &
Assets
19,874,509
1,138,937
562,509
3,513,535
220,404
Other investments
Cash
Securities in treasury
Marketable securities.
Miscellaneous accounts_
__
_
Funded debt in treas.,&c.
40,629
120,000
Loans and bills payable.
591,250
Miscellaneous accounts. 12
Matured Int., divs., &c.,
payable
72,771
Unmatured
int.,
div.,
58,260
&c., payable
1,523,580
b3,215,133 Deferred credit items
419,615
Profit and loss
1,425,298
a Includes securities of prop., affiliated, &c., cos., $4,329,851, and se¬
curities issued or assumed, $35,000.
b Includes advances, $46,918; special deposits, $1,583,812; cash and se¬
curities in sink, funds, $28,741, and miscellaneous, $1,555,662.—V. 91,
Unmatured int., divs.,
&c., receivable
Deferred debit items—
p.
337, 276.
Maryland Railway.
(First Report, for Six Months' Period, ending June 30 1910.)
President. B. F. Bush, Baltimore, Oct. 19 1910. says:
Western
of
Herewith Is submitted the first report
mbraces the r 3 suits of the operations of
eudeJ J une 30 1910.
In order to preserve
•
your company.
This report
the company for the six months
the continuity of operating statis¬
tics, the results of operations for the period covered by the 2 ^ years ended
Dec. 31 1909, during which period the properties were operated by a
receiver, are alsa presented.
The report of the George’s Creek & Cumber¬
land RR. Co. for the year ended June 30 1910 is also submitted.
State¬
and balance sheets are presented in accordance
with the forms prescribed by the Inter-State Commerce Commission.
TraJJic Alliance—New Line.—During the first six months of the existence
of your company the most important developments have been the formation
of a traffic alliance with The Pittsburgh & Lake Erie RR. Co. and the under¬
taking of construction fro m Cumberland, Md., to a connection with the
last-named system at Connellsville, Pa.
This construction, which has
already been materially advonced and is being ran idly pressed, was under¬
taken through the organisation of The Connellsville & State Line Ry. Co.,
a corporation created under the laws of Pennsylvania, and through the
George’s Creek & Cumberland RR. Co., a proprietary company of The
Western Maryland; and the resources required to accomplish this construc¬
tion were provided by sale of caoital stock, authorized by the stockholders
In the view of the management the traffic alliance and
March 31 1910.
construction above referred to will result in great benefit to your company
(V. 90, p. 238, 850. 1297, 1301).
ments of income accounts
Condensed Extracts from Report of Vice-Pres. and Gen. Mgr. A. Robertson,
Baltimore, Oct. 15 1910.
General Results.—For the six months ended June 30 1910 the
operating
increased $785,638, or 27.5?o, and the operating income (after
deducting taxes) increased $588,670, or 63.9%; ratio of operating expenses
revenue
to
operating revenues, 55.6%;
decrease, 8.7%.
the General Auditor’s statements It will be seen that the gross
operating revenue for the entire fiscal year showed an increase of $1,129,161,
or 19%;
operating expenses an Increase of $396,793, or 10.7%: and net
operating revenue an increase of $732,368, or 32.6%.
These results, re¬
duced to a mileage basis, indicate gross earnings of $13,042 per mile per
ahnum, an increase of $2,079, and net earnings of $5,487, an increase of
From
Revenues derived from freight traffic increased $1,049,467, or
$1,349.
21.6%; $623,290 in coal and coke traffic and $426,177 in misc. freight.
These figures reflect a steady development of both coal and general mer¬
chandise traffic.
Passenger train service revenue has Increased $79,694,
or 7.3%
An increase of $396,793, or 10.7%, is shown in operating expen¬
ses. transportation expenses having Increased $280,627 and maintenance of
equipment and roadway, 87,167.
The ratio of operating expenses to oper¬
ating revenue is 57.93%, a decrease of 4.32%.
During the year substantial wage increases were granted all classes of
employees, although the full effect of these advances was not felt until the
closing months of the fiscal year.
Betterments and Improvements.—During the past fiscal year there has
been laid 38.58 miles of new 90-lb. rail;
The main stem from Baltimore,
Md., to Elkins, W. Va., is now laid wi-Rrrail weighing an average of 88.6 lbs.
.
wfere
per yard.
On June 30 1910 there
409.57 miles of track ballasted with
stone, 105.18 miles with cinder and slag and 70.06 miles partly ballasted.
The second track between Fulton .Station, Balt., and Emory Grove, Md.,
was
completed and on April 13 1910 commissioned to operations, thus
greatly facilitating the movement over this congested district.
Important
revisions of the Gettysburg Line wfill be finished within a few weeks from
date.
Additional facilities have been provided, including enlarged
shop facilities at Hagerstown, a classification yard at Knobmount, W. Va.,
a coaling station at Elkins, W. Va., additional sidings and yard tracks on
the West Virginia Division.
this
TRAFFIC STATISTICS.
6 M
Passengers c irred
end. —Year ending June 301909.
30 TO.
1910.
>s.
J une
»
942,949
2,118,060
1,940,019
carried on? mile
21,437,456
51,414,048
45,663,802
1.791 cts.
Average receipts per pass, per mile...
1.734 cis.
1.699 cu.
Tons revenue freight carrie i
4,862.394 •
7,251,871
9,147,565
Of wldchcoal and coke
3,382,336
6,105,108
4,599,581
Tons c i r.xed cm mile
526,944,159 966,576,728 784,922,532
Average receipts per ton per mile
0.592 cts.
0.612 cts.
0.620 cts.
$10,963
Operating revenue per mile
$6,711
$13,042
Pas;?
i -xv;
IXCO ME A CCO UN T.
New Company—
6 Mo$. end. -June 30
Oper. Revenue—
Freight
Passenger
Mail, express, *ie.
1910.
$
1909.
—Receiver's Report of Old Co.—
6 Mas. end. -Year end. June30Dec. 31’0'J.
1909.
1908.
O
$
$
$
.3,130,529 2,374,038 2,782,113 4,863,175 4,570,319
371,734
501,854
817,923
354,953
814,918
141,805
129,439
153,823
271,598
263,041
3,644,063 2,858,430 3,437,790 5,952,696 5,648,278
Oper. Expenses—
Maim, of way, No
321,4 75
Malnt. oC equipment..
413,722
Traffic expenses
49,681
1,167,208
73,941
349,406
407,263
42,765
Total expenses
.2,026,028
Net operating revenue..1,618,040
3,201
Outside oper. (net)
1,837,961
1,020,469
—
961.362
77,164
102
438,299
460,481
56,550
1,038,752
82,412
689,865
856,946
8b,279
1,925,332
147,306
620,786
900,778
81,363
1,830,973
146,837
2,076,494 3,705,728 3,586.748
1,361,296 2,246,968 2,061.530
def .2,276 def .4,454 def.l 0,588
1,621,241 1,020,571
111,000
1,510,241
17,219
*262,310
Int. on sec., loans, &c.
13,462
Miscellaneous
3,703
Hire of equip., &c
Dividends received._.
Gross corp.
Deductions
921,571 1,254,020 2,044,514 1,862,592
3,016
41,727
6,504
7,137
247,526
283,502
558,146
623,565
692
1,162
2,836
1,163
4,803
4,056
9,413
15,950
Jncome.1,806,935 1,178,078 1,586,141 2,619,739 2,509,936
Other deductions
Pref. stock div. (2%).
Additions & better’ts.
1,089
202,862
171,972
56,158
3,337
67,681
73,600
38,441
,021,610 1,021,610 2,043,220 2,264,893
85,597
121,402
335,799
64,534
4,324
1,088
5,253
2,208
84,156
30,551
30,878
118,674
Subscriptions to cap. stk.10,081,863
Bills receivable
Net traffic balances
451,670
383,601
Agents and conductors
79,961
Miscellaneous accounts
279,116
Material and supplies
600,363
Discount on capital stock.12,734,835
Cash and securs. in sink.fd
207,892
Other deferred debit items
42,340
Current accounts with pro-
prietary companies (net)
SHEET
JUNE
30
1910.
Liabilities ($110,636,579)— $
Common stock
49,429,230
Preferred stock
10,000.000
Funded debt
48,718,000
Equip, certs., Series A
(including interest)
Vouchers & wages unpaid
448,875
675,593
1,874
Miscellaneous accounts
Matured dividends, Inter¬
est, &c., unpaid
Accrued liabilities not due
Deferred credit items
Potomac Valley RR. sink¬
178,633
709,751
2,044
4,581
467,998
ing fund accretions
Profit and loss
216,603
Securities owned include stock
as follows:
W. Va. Cent. & Pitts. Ry.,
book (also par) value, $10,564,100; $2,952,950 George’s Creek & Cumber¬
land RR., book value, $3,782,600; Connellsville & State Line Ry. book,
also par, value, $700,000; Balt. Fidel. Warehouse, $100,000; $1,608,900'
stocks of Balt. & Cumb. and Balt. & Har. roads, bool: value, $1,629,650;
other sub. cos., book value, $10.
x
GEORGE'S CREEK & CUMBERLAND RR. INCOME ACCOUNT YEAR
ENDING JUNE 30.
Net (after
Fiscal
Oper.
Other Interest on DiviTaxes.
Income. Bonds, Ac. (tends.
Year—
Revenue.
Balance.
def .$46,607
1909-10
$63,531
$107,560
S9.265
$51,688
def. 32,389
1908-09
66,146
105,474
37,060
37,000
def.$975
—V. 91, p 1097, 338.
Joseph & Grand Island Railway.
(Report for Fiscal Year ending June 30 1910.)
General Manager James Berlingett, St. Joseph,
Sept. 22 1910, wrote in brief:
St.
Mo.,
General Results.—There was an increase in the total revenue of $68,626,
but operating expenses increased $443,228 (resulting in net earnings of
only $108,497, against $469,100 in year 1908-09.—Ed.).
Expenditures for maintenance of way and structures increased $241,657,
resulting chiefly from an expenditure of $200,000, chargeable to operating
expenses, for the replacing of 95 miles of light steel with 75-lb. rail, and
building new steel bridges at Marysville, Seneca and Severance. There was
also an expenditure of $40,000 repairing damage to track and roadway
caused by high water and floods during the summer and fail of 1909.
Expenlitures for maintenance of equipment increased $31,784, mainly from
$22,000 for heavy repair work on locomotives and a charge of $7,000 to
oper. expenses on account of scrapping two old locomotives.
Expenditures for traffic and transportation expenses increased $152,035,
resulting from additional outside agencies for soliciting and securing freight
traffic; an increase in freight-train mileage, duetto unusually heavy
movement of company material for general improvement work, and on ac¬
count of the Severe weather conditions; an increased expense for wages of
(rain and enginemen, due to the operation of the “Hours of Service Law”;
an increased expense due to the addition of gasoline motor service; an in¬
crease in amount paid other lines for use of joint facilities, due to an in¬
crease in their transportation expenses; an increase in cost of material and
fuel, especially the latter, on account of the shut-down of the .mines.
Improvements.—For account of the improvements there was expended
$498,211, viz.:
Steel bridges at Marysville, Seneca and Severance
$12,743
Reconstruction of line from Carden, Kan., to Hastings, Neb., 118
miles (replacing rail, $259,744; ballasting, $59,802; rectifying
grades, $20,372; passing tracks, &c., $19,665)
359,583
Five 70-ft. gasoline motor cars ($115,385) &one standard pile driver
($10,500)
125,885
Of the total amount expended, $153,284 was charged to operating
expenses and balance, $344,927, was charged to additions and betterments.
There remains to be expended for improvements $885,887, as follows:
For reconstruction of line, Carden, Kan., to Hastings. Neb., 118
miles (replacing rail, $50,000; ballasting, $293,280; rectifying
grades, $79,628; passing tracks, &c., $112,085)
$534,993
Replacing 17 miles 60-lb. steel with 75-lb. between Oneida and
Ax tell, $54,000; adiustment of grade and additional tracks be¬
tween Carden and Marysville, $55,092; additional passing tracks,
enlarging station buildings and new water tanks, $64,423; mod¬
ern coal and water station at Hanover, Kan., to replace
one
destroyed by fire, $20,100
193,615
For 10 standard consolidation locomotives, incl. in previous an¬
nual reports but not purchased.
157,279
With the exception of bonds to the amount of 51,000,000. to be issued
for the construction of additional lines of railway (the bonds so issued not
to exceed the actual, cost of such additional railway nor to be in excess of
$6,000 per mile), the company has issued all the bonds which it is author¬
ized to issue under the existing mortgage.
All expenditures for additions
and betterments have, therefore, to be supplied from the future net earn¬
ings.
Gasoline Motor Car Service.—This service, which was inaugurated during
the year, has given satisfactory service to the public.
The motor cars
run 113,345 miles during the year.
OPERATIONS, EARNINGS, EXPENSES, &C.
1909-10.
319
1908-09.
319
1907-08.
319
1906-07.
312
$5,115
669,341
Fr't (tons) carried 1 mile 94,324,000
Av. rate per ton per mile
1.16 cts.
182
Aver, train-load (tons)
Aver, earnings per mile
of each freight train.
$2 11
732,494
Passengers carried
Pass, carried 1 mile
19,745,531
$4,897
657,436
97,470,782
679,727
92.286,033
663,232
89,187,174
1.09 cts.
222
1.27 cts.
228
1.38 cts.
214
$2 43
644,069
18,068,474
$2 91
541,142
14,470,290
488,132
14,597,522
Miles
operated June 30_
Operations—
Oper. revenue per mile.
Freight (tons) carried._
_
_
Rate per pass, per
mile.
Qperating revenue—
Freight
Passengers
Mail, express, &c
Total
Outside
2.10 cts.
2.09 cts.
INCOME ACCO UNT.
1909-10.
operating revenue.
operations
2.31 cts.
1908-09.
$2 95
2.34 cts.
1907-08.
$1,093,529
415,015
123,194
$1,064,214
377,113
120,786
$1,166,639
325,375
117,603
$1,631,739
5,446
$1,562,113
8,267
$1,609,617
$1,637,185
$1,570,380
$1,609,617
$540,530
208,132
$298,872
176,348
65,784
540,928
45,407
$188,326
145,962
$1,570,568
5,532
$1,127,339
$939,097
$1,576,100
$1,132,379
(96.27)
$61,085
a47,412
$438,001
31,099
$939,097
(58.34)
$670,520
59,274
$108,497
$469,100
$729,794
$66,140
$51,933
$80,987
9,400
160,000
122,650
20,293
Operating expenses—
Maintenance of way and str
Maintenance of equipment.
Traffic expenses
77,910
680,837
63,159
Transportation
General expenses
Total operating expenses
Outside operations
Net earnings.
Other income.
—A._
Total income
Deduct—
Taxes
Interest on equipment notes.
Int. on first mtge. 4 % bonds
Rents for joint facilities
.
Hire
200,000
Total deductions...1,338,938
Bal. to profit & loss.sur.467,998
47,688
1,283,741
128,564
98,172
63.388
491,118
50,303
5,040
(72.11)
Ry.
of
equipment balance
160,000
69,791
72,838
2,333
160,000
69,562
38,148
18,116
1,393,974 2,594,748 2,869,926
df.105,663 s.192,167
Includes div. on W. Va, Cent, & Pitts.
BALANCE
Assets ($110,636,579)—
$
Road and equipment
67,415,029
Securities
xl6,776,364
Other investments
116,976
Cash and cash items.
1,249,966
—
Leased roads, rents
83,728
Hire of equipment
Joint facilities
32,511
Int. on funded debt..1,021,610
Other interest
*
1,359,020 2,242,514 2,050,942
99,000
105,000
198,000
188,350
1707
s.24,991 df.359,990
com. stock, $211,726.
Total deductions
Balance for year
$368,769
$321,976
$393,330
..def ,$260,272sur .$147,124sur .$336,464
a Other income includes $34,296 rents received from
1909-10 and in 1908-09 $30,774.
joint facilities in
1708
THE CHRONICLE
BALANCE SHEET JUNE 30.
I
Assets—
Cost of road,
1910.
%
1909.
$
Liabilities—
Stock outst'g (see
equip¬
1910.
$
1909.
$
18 458,783 18,127,329
ment, Ac
Ry. &Ind. Sec.)13 ,598,500 13,598,500
Cash
299,836
1,056,840 Bonds outstanding 4 ,000,000 4,000,000
Due from agts.,&c.
42,029
37,931 Audited vouchers.
163,659
236,577
Due from Individ¬
Pay-rolls
82,403
55.439
uals & cos
99,812
60,617 Due to other cos..
80,045
77,057
Due from U.S.P.O.
Interest
3,037
on
bonds.
3,036
81,450
81,250
Mat’ls & supplies.
405,067
162,171 Accrued taxes
29,168
30,156
Bills receivable
11,640
9,009 Miscellaneous
9,095
8,574
Unadjusted acc’ts
32.239
20,210 Profit & loss surp. 1 ,238,321
1,461,536
Miscellaneous
1,117
1,028
....
....
If Total
19 .353,560 19,478,172
Total
19,353,560 19,478,172
—V. 91, p. 1161.
INCOME ACCO UNT.
Year ending—
Oct. 22 ’10.
Net profits on manufactures & sales..
$7,927,205
Net Armour car lines
Net from allied companies
Railway.
{Report for Fiscal Year ending June 30 1910.)
President J. A. Kemp, Wichita Falls, Tex., Dec. 3
1910,
Total net income.
Expenditures—
Interest on borrowed money
Interest on bonds
Administrative expenses
Reserve for disc., &c., for proposed
bond
Taxes, insurance, &c
Equipment.—Since June 30 1910 we have purchased and received loco¬
motives, 6; freight cars, 75, and cabooses, 6, increasing the total
equipment
owned to date to locomotives, 13; passenger
cars, 9; freight cars, 274; work
cars and cabooses, 8.
On account of the very large volume of business
developed along the line
of your road since its completion and
operation to Elk City, Okla., and
Wellington, Tex., it has been necessary to contract for an early
delivery
of additional equipment as follows:
Locomotives, 3; passenger cars, 3,
and freight cars, 300.
Results for Five Months ending Nov. 30 1910 and 1909
(Nov. 1910 est.).
Gross Earns.—
July
August
September
1910.
_
1909.
$57,476
$40,400
30,101
39,504
66,087
62,875
60,490
66,252
October
121,670
November (est.)__ 152,464
NetOper.Rev.— 1910.
July
$32,232
August
34,886
September
41,254
October
79,738
November (est.)._ 102,464
1909.
$30,188
13,678
28,246
50,766
50,919
Gross 5
mos
$458,352 $238,967
Net 5 mos
$290,574 $173,797
[Writing to the “Chronicle” on Dec. 17 President Kemp says: “I
desire
to call your particular attention to the remarkable
increase in our earnings
for the first five months of this fiscal year.
The net earnings of our property
for the first six months of this fiscal year will be a
sufficient amount to pay
the interest on our entire outstanding bonds for
twelve months and leave
a handsome dividend on our
stock, which is a gratifying showing for a
new property.”
See also offerings of 1st M. 5s, collateral trust bonds and
1st M. 6% notes as follows:
1st M. 5s of 1909, V. 88, p. 1439: Panhandle
DIv. 1st lien coll. tr. 5s, V. 90, p. 700, and 1st M.
6% notes dated Oct. 1
1910 on 18-mile extension of main line from Elk
City to Hammpn,
REVENUES AND EXPENSES.
Oper. Rev.—
1909-10. 1908-09.
1909-10.
Freight
$479,884 $321,683 Maint. of equip.. $17,722
Passenger
97,590
59,266 Traffic expenses__
9,858
Mall, express, &c_
14,947
8,129 Transp. expenses. 117,793
General expenses.
14,044
Total
oper.
rev.$592,421 $389,078
Oper. Expenses—
Malnt. way, &c__ $46,493
$48,842
INCOME ACCOUNT FOR
Net operating revenues
Okla.]
Assets—
$
$10,731
4,322
69,863
10,114
Total oper. exp_$205,913 $143,872
Net oper. inc._$386,508 $245,206
YEAR ENDING JUNE 30 1910.
$386 508
Deductions—
Taxes, $16,184; hire of equip, (net), $16,372; rentals
(net), $2,500
Interest on bonds, $114,400; sinking fund,
$23,000
$35,056
137,400— 172,456
Balance, surplus
$214,052
TRAFFIC STATISTICS
(AVERAGE MILES OPERATED
91).
Passengers carried
181,822 Earns, per pass, per mile
$.02591
Pass, carried one mile
3,766,386 Pass, earns, per train mile..1.59329
Tons freight carried
513,843 Earnings per ton per mile
0.04016
Tons freight one mile
11,949,527 Freight earns, per train
Average tons per train mile " 234.24 Gross earnings per mile mile.9.40691
6,472
Freight traffic movement: Products of agriculture, 31,760 tons;
products
of animals, 5,429 tons; products of
mines, 24,705 tons; products of forests,
21,569 tons; manufactures, 8,035 tons; merchandise, 4,652
tons- total
(whole) tons handled, 96,150.
BALANCE SHEET JUNE 30 1910.
Assets ($3,496,269)—
Liabilities ($3,496,269) —
Cost of road, &c
$3,294,567 Common stock
$1,000,000
Cash
21,795 Funded debt
2,271,000
Loans and bills receivable
111,801 Loans and bills payable._
40,304
Agents and conductors
33,490 Traffic, &c., balances
22,770
Materials and supplies
29,183 Vouchers and wages
133,195
Deferred debit items
5,433 Deferred credit items
29,000
_
Compare V. 91,
p. 1329.
Armour &
Company.
{Report for Fiscal Year ending Oct. 22 1910.)
President J. Ogden Armour
says:
The earnings, which equal about
6Vi% on the net capital investment
($93,983,313), are fair, considering the unusual and unfavorable
conditions
under which the company
operated during the past year.
The gross business
aggregated about
the previous year.
crease over
$250,000,000,
mach’y, &c._ 44,075,015
Inv. in allied
cos
an
in¬
16,860,710
Materials&supp. 31,294,144
Misc. mark. inv.
4,505,127
Bills receivable.
2,983,873
Accts. receivable 19,743,693
Cash
4,239,413
Oct. 23 *09.
$
42.195,370
11,311,133
14,255,146
28,171,994
4,156,885
2,458.377
18,750,734
3,526,401
Total
135,305,704 124.826.040
—V. 91. p. 792, 216.
208,205
$9,808,303 $10,582,905 $11,608,474
$422,105
1,350,000
1,415,900
$1,137,163
$1,586,761
1,576,787
1,440,156
802,578
741,030
2,500,000
781,557
Liabilities—
Capital stock
Oct. 22 *10.
$
Oct. 23 *09.
$
20,000,000
20.000,000
30,000,000
1,907,000
2,213,447
Bonds.
30,000,000
Bills payable...
7,719,675
Accts. payable.
3,071,962
Reserve for bond
interest.
530,753
Profit & loss... 73,983,313
Total
540,000
70,165,592
135,305.704 124,826,040
Standard Gas & Electric Co. (of
Delaware) -Holding Co.
Chicago, Illinois.
{Official Statement of Aug. 18 1910—Revised to Dec. 20.)
This holding company was
organized last April under the
laws of Delaware by
Byllesby & Co. of Chicago, and it has
taken over a large amount of securities of
public service
corporations in which that well-known firm of electrical
engineers and managers of such corporations is interested.
The company paid on Sept. 15 and Dec. 15 the first two
quar¬
terly dividends of 1M% on its preferred stock.
In its statement to the
Philadelphia Stock Exchange, in
connection with the listing of its convertible
6% sinking
fund gold bonds due May 1 1925
(amount now listed $1,350,000), the company on Aug. 18 1910 gave substantially
the following information, which has been revised
for the
“Chronicle” as of Dec. 20 with respect to the amounts of the
several issues of securities
outstanding, owned, &c.:
A holding corporation Incorporated
April 28 1910 under the laws of
Delaware with an authorized capital stock of
$24,000,000,In shares of
each, of which $12,000,000 is cumulative pref. stock and $12,000,000$50
Is
common stock.
Of this amount there is now
outstanding $3,638,050 pref.
stock and $7,305,650 common stock, both full
paid and non-assessable,
issued In part payment of stocks and bonds so
acquired and now held by it.
The bonds are dated May 2 1910 and will mature
May 1 1925. Par $500
and $1,000 (c*).
Interest payable M. & N., free of tax, at Phila.
Trust,
Safe Deposit & Ins. Co., the trustee, Philadelphia.
All or any part of said
bonds may be redeemed at 105% and int. at any Interest
period.
Said
bonds may, at the option of the holder, be at
face value into pref. stock at the rate of $55 any time converted at their
per share (par $50).
Any
bonds so redeemed or converted shall be canceled.
Bonds drawn may be
converted upon proper notice.
Semi-annual sinking fund, beginning
May 1 1912, an amount equal to Vi of 1% of the bonds outstanding.
The authorized Issue is $3,000,000, of which bonds
$1,100,000 have
been Issued to acquire securities of underlying companies and for
working
capital, and the remaining bonds are only to be Issued for the purchase
of
additional stocks and bonds of corporations which may be
engaged
in the
business of manufacture or disposition of electricity,
gas, oil, water, &c.
The par value of any bonds so issued shall not exceed
75% of the actual cost
price of such stocks, bonds or other evidences of Indebtedness or
securities
so acquired, and no bonds shall be delivered unless
the net earni.igs applica¬
ble to the payment of Interest or dividends on the
bonds, stocks or other
securities pledged as collateral hereunder, and on such as it is
Intended to
purchase by means of the bonds so to be certified and delivered, shall for
the period of 12 months next previous to such certification have
equaled or
exceeded in amount 2 Vi times the Interest charges on all
bonds then out¬
standing under the trust agreement, and on those which it is the intended
to certify and deliver.
[On Oct. 1 the amount of bonds listed was Increased
from $1,100,000 to $1,350,000 upon the deposit with the trustee
of
Tacoma Gas Lt. ref. 5s, $150,000 Muskogee Gas & El. 1st ref. 5s and$62,000
$100,000 Everett Gas 1st M. 5s, all Included in amounts
pledged as shown In
the following
1908-09.
83,881
BALANCE SHEET.
Oct. 22*10.
Refrig. & oth.carsl 1,603,729
City, Okla., to Hammond, Roger Mills County, Okla., near the Washita
River, a distance approximately 18 miles.
Grading has been completed
on this extension ana track-laying is now In progress.
The total mileage
now under operation from Henrietta, Tex., to Elk
City, Okla., including
the Panhandle Division, is 211 miles.
Improvements.—During the year a handsome general office building was
completed at Wichita Falls, costing $40,000; also brick passenger and
freight depots at Altus and Mangum at a cost of $12,000 each, and at Elk
City a brick passenger depot costing $8,000 and a frame freight depot cost¬
ing $4,000. There is now under construction at Wichita Falls, Tex., a
joint passenger depot in connection with the Fort Worth & Denver
City
Ry. which will cost $75,000.
There has also been completed at Wichita Falls an
eight-stall brick
round-house, costing $18,000; a brick storehouse and office building
costing
$8,000; a steel frame machine shop costing $30,000; an eight-pocket coal
chute and cinder pit costing $6,000; a coach shed
costing $4,000. Machin¬
ery and equipment for the shop building is now being installed,
costing
$50,000.
Extensive yards and other improvements, and the
necessary
appurtenances are now being constructed in order to provide for an
up-todate, first-class machine shop and terminal yards.
The entire cost of these
improvements, including all real estate, will exceed $250,000.
It has become necessary to make Altus,
Okla., a division point for freight
traffic on account of the large volume of business
developed on the Pan¬
handle Division.
Several miles of track have been added to the
freight
yards at this point, and a coal chute, cinder pit and small
repair shop is
being planned for construction in the immediate future.
Oct. 24 ’08.
$8,059,290 $10,167,667
531,279
361,808
1,908,455
870,794
$7,127,925
$5,300,000
Out of surplus earnings for 1910 was paid $2,000,000 in
dividends; divi¬
dends in previous years not made public.
Mileage.—During the year ending June 30 1910 your line was extended
from Frederick, Okla., to Elk City, Okla., a distance of 86
miles, but only
a portion of this line was received from the Construction
Company prior to
June 30 1910—that Is, the extension from Frederick, Okla., to
Mangum,
Okla., 46 miles. This extension was accepted Jan. 1 1910 and the average
miles under operation for the year ending June 30 1910 was 91
miles,
namely Henrietta, Texas, to Frederick, Okla., 69 miles, forthe entire year
and Frederick, Okla., to Mangum, Okla., 44 miles, one-half the
year.
On July 1 1910 the extension from Mangum, Okla., to Elk
City, Okla.,
40 miles, was accepted and placed under formal operation.
We have also
constructed during the year a branch from Altus, Okla., to
Wellington,
Tex., 57 miles, known as the Panhandle Division.
This branch, laid with
65-lb. steel, was taken over for operation on Nov. 1 1910.
extension of the main line from Elk
Oct. 23 ’09.
$5,817,720
year
wrote in substance:
an
LXXXXI
issue
Lands, build’gs,
We also have under construction
683,989
1,111,462
85,647
Miscellaneous
Surplus for the
Wichita Falls & Northwestern
(VOL.
table.—Ed.]
CAPITALIZATION OF THE CONTROLLED AND ALLIED
COMPAN¬
IES AND THE AMOUNTS THEREOF OWNED AND
PLEDGED
BY STANDARD GAS & ELEC. CO. TO SECURE ITS
BONDS.
[As revised for “Chronicle” to Dec. 20 1910.—Ed.]
Issued.
$
Tacoma Gas Co. common stock
1,550,000
Preferred
750,000
Tac. Gas Lt. Co. (now Pierce Co. Gas Co.)
ref. mtge. 5s, due 1926
1,559,000
Tac. G. & El. Lt. Co. gas ext. 5s
416,000
Ft. Smith Lt. & Trac. common stock
950,000
Preferred
920,000
Consol. M. 40-yr. 5% bds., due 1944
1,500,000
6% coup, notes due July 1913
650,000
Muskogee Gas & El. Co., common stock
765,000
Preferred
600,800
1st ref. M. 5s, due 1926
1,089,000
Muskogee Gas Co. 1st M. 6s (due Sep. 1 *26)
70,000
Musk. Ice & Pow. Co.1st M.5s(dueMch.1*24)310,000
Enid El. & Gas Co. common stock
501,000
Preferred
340,000
1st mtge. 6%, due 1920
600,000
Everett Gas Co. common stock
1,000.000
Preferred
310,000
1st mtge. 5s, due 1940
450,000
Mobile Electric Co. common stock
950,000
Preferred
585,000
1st M. 40-yr. 5s, due 1946
1,561,000
Ottumwa Ry. & Lt. Co., common stock
650,000
Preferred
415,100
1st & ref. 5s, due 1924
931,000
Ottumwa Trac. & Lt. 1st M. 5s
324,000
Northern State Power Co. common stock
4,000,000
Preferred
2,606,100
Consumers’ Power Co. 1st M. 5s
3,521,500
Underlying bonds of Consumers’ Pow. Co_2,256,000
Ai’k. & Territorial Oil & Gas Co. stock
500,000
First mortgage 6s
225,000
7% coupon notes
85,000
Little Rock & Fort Smith Gas & Oil Co. stock 300,000
First mortgage 6s
Owned.
Pledged.
679,500
129,600
625,000
100,000
$
562,000
562,000
949,900
383,700
850,000
225,000
664,000
220,000
218,000
514,000
120,000
150,000
501,000
500,000
300,000
600,000
391.800
50,000
100,000
160,000
14,000
340,000
600,000
612,600
123,000
132,000
733.700
138,500
128,000
525,400
208,300
103,000
758", 500
372.700
251,000
69,000
50,000
300,000
20,000
40,000
150,000
150,000
8% coupon notes
30,000
30,000
Western States Gas & El. Co. common stock.1,500,000
1,500,000
Preferred stock 7% cumulative
1,500,000 1,500,000
2 Vi-yeax gold 6% notes
2,000,000
Sapulpa Electric Co. stock
Underlying liens
2,568,000
Note.—Par value of shares of above stocks is
$100.
225",600
96,000
641,000
60,000
THE CHRONICLE
Dec. 24 1910.]
Companies Owned and Controlled Through Ownership of a Majority of
Their Shares of Stock.
Fort Smith (Ark.) Light & Traction Co. (see p. 46 of “El. Ry.” Section.—
Ed.)—Incorp. April 13 1903 as a consolidation.
Operates gas, electric
light and power plants and street railway systems In Fort Smith and gas
and electric plants In Van Buren, Ark.
Franchises In Fort Smith for gas,
electric light and power and street railway were granted Nov. 20 1905 for
50 years.
In Van Buren the gas franchise granted Jan. 21 1907 and
the electric light franchise granted Dec. 9 1907, each run for 50 years.
Common stock auth., $1,500,000; outstanding, $950,000.
Pref. stock 7%
cum. auth., $5,000,000; outstanding, $920,000
The pref. stock Isfre
deemable at any time after three years from the Issue thereof at 110%
and accrued dividends, and Is preferred both as to dividends and assets.
Bonds auth., $1,500,000 consol. M. 5s, due Dec. 15 1944: outstanding,
$1,500,000, redeemable at 102% on or after Dec. 15 1914; sinking fund to
redeem $15,000 thereof yearly, beginning Dec. 15 1914.
Coupon notes
auth., $650,000; dated 1910, payable July 1 1913, but callable at 101%.
(See also V. 90, p. 372, 914.)
Muskogee (Okla.) Gas & Electric Co.—Incorp. Dec. 28 1906 under laws of
Territory of Oklahoma, a consolidation of Musk. Gas Co. and Musk. Lt. &
Power Co.
Operates gas, electric light and power plants and artificial Ice
plant In Muskogee and electric light and power plants In Fort Gibson; also
furnishes power to the local street railroad.
Operates under 25-year fran¬
chises, (a) in Muskogee dated May 14 1901, (6) In Fort Gibson granted
April 15 1909. Common stock auth., $1,500,000; outstanding, $765,000.
Pref. stock 7% cumulative, auth., $2,500,000; outstanding, $600,800;
preferred as to dividends and assets.
Bonds auth., $1,500,000 “first and
refunding” mtge. 5% sinking fund, payable Dec. 1 1926; outstanding,
$1,089,000. Bonds redeemable on any Interest Installment date after Dec. 1
1909 at 105%.
Sinking fund, $20,000 annually, 1910 to 1914, $22,000
annually 1915 to 1919, thereafter $27,500 yearly.
Underlying bonds,
(See also V. 90, p. 1681.)
$380,000 1st M. gold 5s.
Enid (Okla.) Electric & Gas Co.—Incorp. May 12 1910 under laws of
Okla.
Operates gas and electric light and power plant In Enid, Okla., and
furnishes power to the local street railroad.
Franchise for electric light
and power granted April 17 1903 for 21 years; for gas granted Nov. 11 1903
for 20 years.
Common stock auth., $1,500,000; outstanding, $501,000.
Pref. stock 7% cumulative, auth., $1,500,000; Issued, $340,000; redeemable
at any time at 110%, and has preference both as to dividends and assets.
Bonds auth., A1,500,000 1st M. 6%, payable May 1 1920, but callable on
or after May 1 1911 at 102 M%; outstanding, $600,000.
(See also V 90,
p. 1616; V. 88, p. 233.)
Everett (Wash.) Gas Co.—Incorp. March 18 1910 under laws of Delaware.
Operates gas plant In Everett. Wash., and also supplies gas by high pressure
line to city of Snohomish. Franchise in Everett dated Nov. 5 1900 runs for a
Seriod of stock
auth.
Is dated AprilPref.
16 1907
and7%is for
45 years.
50 years;
In and
Snohomish
issued, $1,000,000.
stock
cumulative
ommon
at rate of 4% until Feb. 1 1911, at rate of 6% from
Feb. 1 1911 to Feb. 1
1912, and after Feb. 1 1912 at rate of 7%; auth., $1,000,000; Issued, $310,000; redeemable at 110% at any time; preferred as to dividends and assets.
Bonds auth., $2,000,000 1st M. 5% dated Feb. 1 1910, payable Feb. 1940;
Issued, $450,000; callable on or after Feb. 1 1915 at 105%.
Depreciation
and renewal fund Is to receive on Feb. 1 1913 a sum equal to 1%, Feb. 1
1914 2% and yearly thereafter 3% of the principal amount of bonds out¬
standing.
(V. 90, p. 1242.)
Mobile (Ala.) Electric Co.—Incorp. May 31 1906 under laws of Ala.; a
consolidation.
Operates electric light and power plants.
Franchise
Common stock auth., $2,500,000;
granted Feb. 15 1895 without time limit.
Issued. $950,000.
Pref. stock, 6% cumluatlve; auth., $5,000,000; Issued,
$585,000; not redeemable; preferred as to dividends and assets.
Bonds
auth., $3,000,000 1st M. 40-year 5% sinking fund, dated May 1 1906;
Issued, $1,561,000; callable at any lnt. date after Nov. 1 1910 at 105%.
Annual sinking fund, beginning May 1 1916, a sum in cash equal to 1%
of the par value of the bonds outstanding.
Leases a certain length of pole
line which was purchased from the Mobile Light & HR. Co. by the Mobile
Illuminating Co.; the Illuminating Co. pays the Mobile Light & RR. Co.
$22,928 80 for the period of 34 years In final liquidation of the purchase
of the electrio-llghting property of Mobile Light & RR. Co.
(V. 91, p. 657.
521; V. 89, p. 923; V. 88, p. 234.)
Ottumwa (la.) Railway & Light Co. (see “El. Ry.” Section).—Incorp.
Dec. 11 1905 under laws of Delaware.
Operates electric light, power and
steam heating plants and street railway system In Ottumwa, Iowa, under
franchise granted July 8 1901 for 25 years.
Common stock auth., $650,000;
Pref. stock 7% cumulative from and after May 1
outstanding, $650,000.
1909; auth., $1,250,000; outstanding, $415,100; redeemable on and after
July 1 1910 at 110%; preferred both as to dividends and assets.
Bonds
auth., $1,500,000 “first and refunding” 5% gold bonds, payable Jan. 1 1924;
outstanding, $931,000; redeemable at and after the expiration of 3 years
from date at 103% at any Interest period.
Annual sinking fund began
July 1 1909; a sum In cash equal to H of 1% of bonds outstanding.
Under¬
lying bonds outstanding, $324,000 1st M. 5s of Ottumwa Traction & Light
Co.
(V. 74, p. 95; V. 82, p. 1213; V. 89. p. 994.)
Western States Gas & Electric Co.—Incorp. Nov. 11 1910 In Cal.
A con¬
solidation of the Humboldt Gas & Electric Co., American River Electric Co.,
Stockton Gas & Electric Corp. and Richmond Light & Power Corp., all of
California.
Owns and operates hydro-electric plants, transmission lines
and artificial and natural gas plants, serving approximately 75,000 people
In Humboldt, San Joaquin and adjacent counties in California, embracing
the cities and towns of Stockton, Eureka, Placerville, Florin, Elk Grove,
Lodi and Gault.
Franchises for gas and electricity are not required in
California, but the company has, with a view to securing all possible ad¬
vantages, obtained county franchises of long duration and satisfactory
terms.
(See also note offering, V. 91, p. 1578.)
Authorized. Outstanding.
Common stock
$5,000,000 $1,500,000
Preferred stock 7% cumulative.
10,000,000
1,500,000
Bonds—Underlying liens
2,586,000
2,586,000
2^-year 6% gold notes
2,000,000
2,500,000
These notes are secured by $2,500,000 of a total authorized issue of
$10,000,000 first refunding 5% bonds.
Arkansas & Territorial Oil & Gas Co.—Incorp. in W. Va. June 18 1906.
Has no franchise In Fort Smith, as it is a producing co. selling its entire
supply to the Fort Smith Light & Traction Co. Stock auth. and outstand¬
ing (all common), $500,000.
Bonds, $250,000 1st M. 6s, dated Jan. 1 1907,
due Jan. 1 1919, but callable on any Interest date at par and int.; out¬
standing, $225,000. Sinking fund, $25,000 annually, beginning Jan. 1 1910
Little Rock-Fort Smith Gas <fe Oil Co.—Incorp. in Arkansas May 13 1907.
A producing company and has no franchise as a distributing company.
Stook auth. and outstanding, $300,000; 1st M. 6s auth., $50,000; out¬
standing, $40,0Q0. Ten bonds are retired annually beginning July 1 1910.
Sapulpa Electric Co.—Incorp. In Oklahoma Oct. 12 1909.
Has a fran¬
chise for 30 years, expiring Sept. 10 1936.
Capital stock auth. and out¬
standing, $150,000.
Bonds authorized, $150,000; outstanding, $120,000
1st M. sinking fund 6s, dated Nov. 1 1910, due Nov. 1 1934; $30,000 are
reserved and set aside to guarantee a like amount of 8% 5-year notes, due
May 1 1915. Callable after Nov. 1 1910 at 102 and int.
__
1709
Common stock auth., $2,500,000; Issued, $1,550,000.
Pref. stock 7%
cumulative; auth., $5,000,000; outstanding, $750,000; redeemable on and
after Jan. 1 1912 at 110%; preferred as to dividends and assets.
Tacoma
Gas Co. (V. 90, p. 632) has Issued no bonds, but there are the following
underlying bonds outstanding: $416,000 1st M. gas extension 5% gold
bonds, payable May 12 1915, Issued by Tacoma Gas & Electric Light Co.
(V. 82, p. 1501), and $1,559,000 refunding mtge. 5% gold bonds of Tacoma
Gas Light Co. (now Pierce County Gas Co.), payable June 1 1926 (V. 84•'
p.
343).
Standard|Gas & ElectricTCo.?’was organized
a
Majority of their Shares of Stock.
year
ended Oct. 31 1910 applicable to the securities held by
$493,038.
STATEMENT OF EARNINGS AND EXPENSES OF SUBSID’Y COS.
FOR 12 MONTHS ENDED OCTOBER 31 1910.
(Companies controlled through ownership of majority of stock.)
Gross
Net
Interest Applicable
Earnings.
Earnings
Charges. Jor Divs.
Ft. Smith Lt. & Trac. Co
$456,754
$199,145
$119,441
$79,704
Muskogee Gas & Elec. Co
347,095
114,908
67,937
46,971
Enid Electric & Gas Co
136,197
57,819
36,264
21,555
Ottumwa Ry. & Light Co
257,770
119,777
64,365
55,412
Mobile Gas & Electric Co
317,598
151,962
82,442
69,520
Everett Gas Co
33,614
9,085
10,898 def.1,813
Arkansas & Terr. Oil & Gas Co
88,117
70,206
21,055
49,151
Little Rock-Ft. Smith Gas Co..
14,437
9,743
2,834
6,909
Sapulpa
34,112
17,208
9,600
7,608
...
Total
$1,685,694
(Companies of which the
$224,913
970,428
Grand total
STANDARD GAS
Blue Earth.
Authorized
common stock
of Northern States Power Co. (V. 91, p. 592),
f4,000,000; outstanding, $4,000,000
Pref. stock, 7% cumulative, auth.,
$6,000,000; outstanding, $2,606,100; redeemable at
any
time at 110%;
Sreferred
both as to dividends
and
assets.
company
has no bonded
ebt. but Consumers’
Power Co.,
whose
stockThis
lt owns,
has authorized
$10,-
000,000 1st M. 5% 20-year gold bonds due Nov. 1 1929, of which $2,521,500
outstanding, and on the properties owned by said Consumers Power Co.
there are underlying bonds amounting to $2,256,000.
(V. 91, p. 520.)
Tacoma (Wash.) Gas Co.—Incorp. Aug. 30 1909 under laws of Dela.
Operates gas plant In Tacoma and furnishes gas to City of Puyallup. Fiftyyear franchises in Tacoma dated June 9 1884, and in Puyallup dated Sept.
29 1909.
Also owns all the $100,000 bonds and all the $100,000 capital
stock of the Olympia (Wash.) Gas Co.
are
ELEC.
&
$749,853
company owns less than a
Tacoma Gas Co
Northern States
$98,202
$414,836 $335,017
majority of stock.)
$94,494
$3,707
404,207
253,967
$2,881,035 $1,252,262
$763,297
CO. BALANCE SHEET NOV.
150,241
$488,965
30
1910.
Liabilities ($11,242,453)—
$1,771,200 Preferred stock
$2,538,050
Coupon notes owned
68,000 Common stock
7,305,650
Pref. stocks owned
1,425,618 Bonds
1,350,000
Common stocks owned
7,406,346 Pref. stock div. paid on
stocks sold
480,350
Promissory notes owned__
8,592
Interest and divs. receiv.
58,553 Bond interest accrued
6,750
Cash
3,822 H. M. Byllesby & Co
3,745
Disct., organiz. exp., &c_
28,564 Surplus earnings
29,666
Assets ($11,242,453) —
Bonds owned
_
OJJicers.—Pres., H. M. Byllesby; Vice-Presidents, James S. Cummins
and R. J. Graf; Sec. and Treas., W. Fred’k Stevens, Jr.
Directors.—H. M. Byllesby, W. Frederick Stevens Jr., James S. Cummins,'
Isaac MUkewltch, Warren N. Akers.
Chicago (executive) office, 218 La
Salle St.; Phlla. office, Real Estate Trust Bldg.
Annual meeting, the third
Monday of January at Wilmington, Del.
Fiscal year ends Dec. 31.
Cuban-American
Sugar Company, New York.
Fiscal
Year Ending Sept. 30 1910.)
{Report for
Pres. R. B. Hawley, N. Y., Dec. 14, wrote in substance:
General Results.—The net earnings show a satisfactory Increase over the
previous year’s business, being $1,777,182 as compared with $1,150,545
for 1909.
This increase is due in part to the advanced price of sugar and
in part to increased production and economy in operating the estates.
The directors on Aug. 17 1910 declared a dividend of IH% upon the
outstanding preferred stock, to be paid on Oct. 1 1910, this payment being
the accumulated dividend to Oct. 1 1909; on May 2 1910, 3^% was paid
and on July 1 1910 3M%.
Bonds.—Of the $10,000,000 10-year 6% collateral trust gold bonds,
$7,500,000 had been issued up to Sept. 30 1910, of which $141,000 were
retired by the sinking fund and $120,000 reserved to purchase underlying
bonds not owned.
During the year $3,959,000 of the issue were sold.
(See V. 90, p. 916, also a subsequent page of this issue).
On May 13 1910 the bonds were listed in Amsterdam and on June 22 1910
the bonds and stock were listed in N. Y.
Application has been made to
list the bonds in
London.
Additions, &c.—During the year $688,410 was added to the properties
purchases, and additions and betterments, $461,398 of which
represents expenditures for land and completed improvements, notably
$178,743 for lands and buildings, $149,872 for sugar-house machinery,
$65,788 for railroad extensions (19.7 miles), and $50,020 for rolling stock.
The balance of $227,012 represents expenditures on similar Improvements
which had not been completed at end of year.
Property, &c.—The property account, $16,181,218, includes with other
items: 276,000 acres of land, $5,494,421; 6 sugar factories and 2 refineries,
$6,812,685; 615 buildings, $914,974; 194.7 miles railroad, $1,295,350;
rolling stock, $753,504; 7 water supply plants, $130,685, and improvements
in process and uncompleted, $227,012.
The advances for railroad construction of $146,626 represents expendi¬
tures for railroad, wharves, and terminals which have been acquired by the
Chaparra RR. Co., organized since Sept. 30 1910 to acquire and operate
the entire railroad system of the Chaparra and San Manuel Sugar companies.
Output.—Of the 1,411,608 tons (2,000 lbs.) of cane ground at the seven
factories, 258,376 tons were grown under our own administration and
1,153,232 tons were purchased from Colonos.
From this cane 167,218 tons
of 96-degree sugar were produced, equivalent to 11.85% yield of sugar.
Of the company’s lands under cultivation, 19,544 acres were under its
own administration and 47,121 acres under the Colono system.
The 1909-10 Cuban crop of the company was equal to 9.08% of the total
Cuban crop of 1,804,357 tons.
Depreciation.—In the profit and loss account there has been deducted
“provisions for depreciation,” $469,309, an increase of $256,643, due partly
to charges on the plants of Colonial Sugars Co. at Constancia and Gramercy.
When these properties were acquired a fund of $350,000 for cost of rehabili¬
tation was created, so that no charge for depreciation was necessary last yr.
Acquisitions.—In December 1909 the company secured options for the
purchase of the San Manuel estate and two estates adjoining our Chaparra
property in Cuba.
To assist in the acquisition of this property, $1,015,000
of the bills payable shown herein were temporarily issued, all of which have
since been retired. [See a subsequent page as to new stock and bonds.—Ed].
Outlook.—The immediate aspect In Cuba denotes a somewhat lessened
crop In comparison with last year, and the overwhelming crop of Europe
enforces lower prices, but the company is In position to deal with these
conditions of the year without disturbance or interference with its plans.
for land
ANNUAL OUTPUT (BAGS).
1905-06.
1906-07.
1907-08.
1908-09.
Chaparra
Tinguaro.
259,002
110,922
106,284
64,996
31,346
251,585
49,182
62,749
50,079
30,269
482,428
110.750
Nueva Luisa
Unidad
Mercedita
Constantia
337,464
65,164
92.544
64,603
40,744
Total
Total in tons
Cardenas Ref y (abt.) (bbls.)
Gramercy Ref y (abt.) (bbls.)
572,550
600,519
96,000
96,083
443,864
71,018
50,000
50,000
50,000
1909-10.
531,049
132,940
22,750
118,489
73,030
50,942
118,451
20,236
915,628
146,500
45.817
191,924
1,045,139
167,218
50,66
275,00
98,300
68,500
48.900
84,000
Gramercy
White Bear
Falls,
(c) electric
plant
and
giants
Minn.;Minn.;
eat inIn
Northfleld,
So.and
St. Cannon
Paul and
St. Paul,
(d) gas
in steam
plant
Moor¬
head, Minn. The Consumers’ Power Co. also owns all the capital stock of
the Apple River Power Co., owning and operating a hydro-electric plant
on Apple
River in Wisconsin, and is now constructing and will operate
two hydro-electric plants In Minnesota, one at Cannon Falls and one at
April 28
the Standard Gas & Electric Co. is
Companies of Which the Standard Gas & Electric Co. Owns Less Than
Northern States Power Co.—Incorp. Dec. 23 1909 under laws of Dela. A
holding company, owning all the outstanding capital stock of the Consumers’
Power Co. (of Minnesota) except five shares for directors, to-wlt: $2,347,000
pref. and $4,000,000 common
Consumers’ Power Co. owns and Is oper¬
ating: (a) Gas and electric plants In Stillwater, Mankato, Faribault, East
Grand Forks, Minn., and Grand Forks and Fargo, N. Dak.; (6) electric
on
1910 and is therefore unable to submit a report of earnings.
The proportion of earnings of subsidiary companies for the
INCOME ACCOUNT.
Deduct—
1990-10. 19
1908-09.
$469,309 $212,6
*$15,269,758 $10,918,374 Depreciation
327,287
240,193 Discount on bonds... 50,000 *40,6
Molasses sales..
Mlscel. income.
220,622
241,602 Interest on bonds—- 338,240 228,8
Int. on bills pay., Ac. 211,700
400,3
Total
$15,817,667 $11,400,169 Bond sinking fund... 137,703 127,64
Mlscell. reserves
66,85
Prod.&mfg. costs
a
(7)440651
9,172,660 Dividends
sell.&gen. exps. 12,971,235
1909-10.
Sugar sales
Net earnings.
*
$2,846,432
“Sugar sales” in 1910,
$2,227,509
Bal., surplus
(7)
$709,895
$15,269,758, is stated after deducting commissions, Ac.,'
together with discount on bonds, making a total of
which in 1908-09 were stated
1710
THE CHRONICLE
$40,698, as above shown- a Dividends for the year 1909-10 at the rate of 7% would
call for $440,650.
Of this, 1 H%, calling for $110,162, has been declared payable
Jan. 1 1911, covering the 3 months ending Dec. 31 1909.
Distributions covering
the remaining 9 months of the fiscal year 1909-10 will
probably be declared later.
Dividends In 1908-09. as above, cover distributions made on May 2, July 1
and Oct. 1
1910 for that fiscal year.
BALANCE SHEET.
Sept. 30 ’10 May 1 ’10
Assets—
Sept. 30 ’10 May 1 *10
$
Liabilities—
$
Property Aplanta.16,234,969 15,063,170 Common stock
Adv. for RR. const
Preferred stock
146,626
Investments
93,964
227,144 Col.Sug.stk.not
Good-will...
3.929,340 3.929,340
owned
Secure. In trust
13,600
14,600 Coll, trust bonds..
Bonds In treasury
120,000 Bonds of sub. cos.
Adv. toColonos,&col,567,412
1,394,738 Real est. mtges, Ac
Plant.Agrow. cane
884,129
577,051 Bills payable
Live stock A equip
422,735 Bankers' loans
424,922
Mater'l* suppUesl
f 646,739 Accts. payable...
$
$
6,496,100
6,295,000
6,496,100
6,295,000
6,100
7.239,000
120,000
490,359
2,007,928
961,528
476,924
Raw A ref. sugar^61,962,638 (2,347,114 Salaries & wages-_
65,481
Merch. In stores.J
l 276,231 Interest accrued.
245,421
Fiscal agents
Pref. dividends.-, cl 10.163
6849,529
Cash
710,393
242,333 Sinking fund
74,541
Accts. & bills rec.
548,528
475,391 Contingent reserve
Bond discount....
290,378
471,796 Deprec'n reserve.
938,966
Other def. charges
98,872
550,375 Miscellaneous
Miscellaneous
12,588 Surplus
c2.227.789
7,100
7,472,000
120,000
107,064
547.824
647,914
aeS.iOO
117,972
6,658
d220,325
102,409
304,291
724,828
203,766
3.034,595
...
-
-
Total
27.755.300 26,771,346
Total
-.27,755,300 26,771,346
a After
deducting reserve for bad and doubtful accounts, $442,179. 6 The Item of
$1,962,638, owing to the time of year (long after the crop season), includes only a
HTUft.il amount of raw sugar, most of that on hand May 1 1910
having been disposed
of, $849,529 being in the hands of fiscal agents Sept. 30 1910. c For 3 mos. ending
Sept. 30 1909 paid Oct. 11910. d For 6 mos. ending Dec. 311908 paid May 2 1910.
e After adding sundry net credits, $73,101, and deducting bond discounts In subsid¬
iary companies written off, $148,597, and reserves for doubtful accounts outstand¬
ing prior to Oct. 1 1909, $221,223, but before deducting dividends for the fiscal year
1909-10—see foot-note a to income account above.—V. 90, p. 1680.
GENERAL INVESTMENT NEWS,
.
province.”
The bill, approved by the Lieutenant-Governor, cancels the agreement
with the railway company and its promoters.
Provision has been made in
the estimates covering requirements of the Alberta Government for 1910
and 1911 for the expenditure of the $7,400,000 received from the sale in
London in Nov. 1909 of the bonds guaranteed by the Province to meet
liabilities against the Province for general purposes and expenditures of
the same nature next year.
This is accepted as meaning that a new railroad
project will not be substituted.
The banks in which the money has been deposited, viz., the Dominion
Bank, Union Bank and Royal Bank of Canada (the amounts of the deposits
being $400,000, $1,000,000 and $6,000,000, respectively), having refused
to honor the checks of Premier Sifton as Provincial Treasurer, AttorneyGeneral Mitchell on Dec. 16 brought action to recover the proceeds of the
bonds.
The banks deny the authority of the Province to use the money
otherwise than for construction of the road.—V. 91, p. 213, 153.
Ry.—Receivership.—Judge McPherson
in the Federal Court at Des Moines on Dec. 20, on petition
of the Iowa Central Ry., appointed William Bird
temporary
receiver.
The road extends from Albia to Centerville, la., 24 miles, and was, it is
understood, formerly owned by the estate of the late Russell Sage.
The
Southern Iowa Traction Co., of which Wm. A. Boland is President, claims
to have become the owner on Feb. 9 last.
The Iowa Central operated the
road until Nov. 26 last, when the new interests, stating that the arrange¬
ment had been a loss to them for some time past, prevented further
op¬
eration by the Iowa Central.
American Railways, Phila.—Amount of Bonds Still Held.—
When the time to accept the proffered exchange expired on
Dec. 15, only about $7,000 of Inter-State 4s remained in the
hands of the American Railways Co., showing that the
amount of American Ry 4}^s with Inter-State bonds as collat¬
eral has been reduced to about $3,500.—V. 91, p.1573.
Ann Arbor RR.—New Directors.—E. R. Lyon of
Strong,
Sturgis & Co., Frederick Hertenstein of Cincinnati and J. N.
Thompson of Wilkesbarre, Pa., have been elected to succeed
B. S. Warren of Detroit, who resigned, and to fill two vacan¬
cies, vesting control with the Ramsey note-holders’
mittee.
The other directors
com¬
are:
W. M. Wadden, of F. H. Prince S. Co.; Newman Erb, Joseph
Ramsay Jr.,
H. H. Harrison, F. K. Curtis, T. D. Rhodes, W. J. Wollman and
Leroy
Baldwin.—V. 91, p. 1511, 1383.
Boston & Lowell RR.—New Stock.—The shareholders
will vote Jan. 4 on increasing the capital stock from
$7,119,400 to $7,399,400, to cover the cost of additions and im¬
provements.—V. 90,
p.
625.
British Columbia Electric Ry.—New Stock.—The share¬
holders were to vote in London Dec. 19 on increasing the
capital to £3,200,000 by the creation of 700,000 new shares
of £1 each.—V. 91, p. 1024, 945.
Brooklyn Rapid Transit Co.—Application.—The company
on Dec. 19 applied to the Public Service Commission to use
the two easterly tracks in the Centre Street
subway loop
between the Williamsburgh Bridge and Canal Street for
trolley car operation and the two westerly tracks between
the Williamsburgh Bridge and the Brooklyn
Bridge at or
near
Park Row for its elevated roads.—V.
91,
p.
1511, 529.
Buffalo
Lockport & Rochester (Electric) Ry.—Reorganiza¬
tion Plan—Change in Control.—Charles D.
Beebe, of the
Rochester Syracuse & Eastern RR., replying to our letter
of inquiry, wrote on Dec. 22:
My associates and I are coming Into control of the Buffalo Lockport A
Railway Co. under the terms of a reorganization, participated in
by all security holders of said road, all of its creditors and also its stock¬
holders.
The reorganization plan, if carried
through without foreclosure,
will result in the bonded debt
outstanding being reduced to the sum of
$2,750,000, and the cancellation of all past-due coupons, including
probably
the one of Feb. 1 1911; the cancellation of
nil equipment notes
[some $236,500] and the turning of the equipment over to the outstanding
railway com¬
pany free and clear; and also the cancellation of all floating debt.
The
road will also have the sum of $200,000 cash available in its
treasury, sub¬
Rochester
ject to expenditure only for capital account. There will be no
change in
the organization, at least until after the new interests are In control
of the
property.
The amount of bonds outstanding is $3,400,000 [1st M. 5s, due
Feb. 1 1945]. All bondholders surrender 25% of
par value.
The $200,
000 is provided by sale of $200,000 surrendered bonds at
par.—V. 89, p.347.
Calumet & South Chicago Ry.—Additional Bonds.—This
company, which is a part of the Chicago City & Connecting
Rys., has sold to White, Weld & Co. of N. Y. and Chicago,
$1,250,000 1st M. rehabilitation 5% bonds, increasing the
outstanding amount of these bonds up to $3,000,000.
The company recently increased its stock from
$5,000,000 to $10,000,000,
of which is deposited
undo: the Chicago City A Connecting Rys. collateral trust
mortgage.
White, Weld A Co. offered the above bonds at par and int. A circular
says: “These bonds are issued to rehabilitate the
property, and under the
ordinance the amount expended for rehabilitation is added to the valuation
of $5,000,000 fixed by the City of Chicago as the
purchase price of the
property prior to rehabilitation.
The company now owns 106 miles of
track, in the south division of Chicago.
The property is operated by the
Chicago City Ry. Co. in connection with its own lines, and the Chicago
Ry. Co. receives 25% of the saving resulting from joint operation. City
The
report for the first 9 mos. of the present fiscal year shows net income
equiv¬
alent to nearly 2 H times the total Interest charges."—V.
91, p. 1628.
(having created $5,000,000 pref. stock), the whole
Central RR. of New Jersey.—New Director.—Howard W.
Maxwell has been elected a director to succeed his
father,
Rogers Maxwell, deceased.—V. 91, p. 864, 790.
Chicago Burlington & Quincy RR.—Called Bonds.—
Burlington & Missouri River RR. in Nebraska 6% bonds,
due July 1 1918, drawn for payment,
viz., $239,000 bonds
for $1,000 each and $28,800 bonds for
$600 each, have been
drawn for payment on Jan. 2 1911 at the New
England Trust
Co., Boston, on Jan. 1 1911.—V. 91, p. 1259, 1242.
Chicago City & Connecting Rys.—Bonds, &c.—See the
Calumet & South Chicago Rys. above.
The
J.
Increase of the authorized stock of the Southern Street
Ry. Co.
$800,000 to $2,400,000 was made, it is stated, in order to retire the
$1,600,000 1st M. 5% bonds deposited as part security for the Ch.
City A
Conn. Rys. collateral trust issue.
recent
Legislature recently passed the bill “respecting the bonds
guaranteed for the A. & G. W. Ry Co., being an act tospecif
certain defaults of the railway and the consequent rights of
Albia & Centerville
LXXXXI
from
RAILROADS, INCLUDING ELECTRIC ROADS.
Alberta & Great Waterways Ry.—Agreement Canceled—
Proceeds Used for General Purposes of Province.—The Alberta
the
(VOL.
Same Semi-Annual Dividend
as
Last June.—The govern¬
of the same amount
ing committee has declared dividends
in June last.
as
The dividends
are $2 25 a share on the 250,000
pref. participation shares
$1 a share on the 150,000 common participation shares.
This follows
the declaration of a quarterly dividend $2 50 a share and 2 % extra
on the
stock of the Chicago City Railway Co., of which the
Chicago City* Connect¬
ing Rys. Co. owns $16,971,900 out of a total of $18,000,000. The dividend
payments made and declared by Ch. City Ry. Co. during 1910 are reported
as follows: March 2, 4% extra; March
30, 2 &%; June 30, 2 H%; Sept. 30,
2H%; Dec. 30, 2f£% and 2% extra; total, 16%, against 9% in 1909.—
V. 91, p. 1629.
and
Ghicago Milwaukee & St. Paul Ry.—Debenture 4s.—See
& St. Louis Ry. below.—
Cleveland Cincinnati Chicago
V. 91, p. 1095, 870.
Cleveland Cincinnati Chicago & St. Louis Ry.—Debentures
Paris Bourse.—The company’s debenture 4s of
1910, the
St. Louis & San Francisco RR. general lien
15-20-year 5s
and the Chicago Milwaukee & St. Paul
Ry. 4% debentures
have been admitted to official quotation on the
parquet of
the Paris Bourse.—V. 91, p. 1446.
Cleveland Electric Ry.—Proposed Bond
Issue.—Negotia¬
tions are understood to be pending to place a new issue of
on
bonds, reported as $12,000,000.—V. 91, p. 1317, 214.
Denver City Tramway.—Option to Exchange
Maturing
Bonds.—Provision has been made for the redemption of the
$953,000 Metropolitan Ry. 1st M. 6s, due Jan. 1 1911, at the
Mercantile Trust Co., 120 Broadway, N. Y., but holders
who so desire may exchange the same prior to Jan. 1 at the
office of Clark, Dodge & Co., 51 Wall St., N. Y., or the
Int. Trust Co., Denver, for “first & ref.” 5s of the Denver
City Tramway Co. on the basis of Metropolitan bonds at 100
and int. to Jan. 1 for Tramway bonds at 95 and int. to date
of exchange.
If exchange is not desired, the Metropolitan
bonds will be purchased at 100 and int.—V. 91,
p. 870.
Elmira Coming & Waverly (Electric) Ry.—Bonds.—The
Public Service Comm., 2d District, on Dec. 22 authorized the
issue of $689,000 of the total issue of $800,000 1st M.
5s,
dated 1907, due July 1 1957.
Standard Trust Co. of New
York, trustee.
These bonds are to be delivered to the Southern Tier Development Co. at
97 H on account of the construction and equipment of the
trolley road from
Elmira to Corning, about 12 miles.
The road has been operated
Waverly Sayre & Athens Traction for 50% of
gross
earnings.
by the
Idaho & Washington Northern RR.—Bonds
Offered.—
Peabody, Hough teling & Co., Chicago, are offering at par
and int. the unsold portion of an additional $300,000 of 1st M.
5% sinking fund bonds, dated May 1 1907, making the total
bonds outstanding $3,390,000.
A circular says in part:
An absolute first mtge. on all property now owned or hereafter acquired,
consisting of 113 miles of main line In actual operation, together with
passenger and freight rolling stock, general equipment, yards, terminals,
Ao.
Actual cost of property, $6,300,000.
The total auth. bond issue is
$4,733,000, but of this amount $1,343,000 is reserved for future construc¬
tion at the rate of $30,000 per mile of equipped main line, subject, however,
to the approval of Peabody, Hough teling A Co.
In spite of the severe depression in the railroad business following the
panic of 1907, the unusually severe winter weather conditions of 1909 and
the usual unfavorable factors which accompany the development of a new
territory and the operation of a new line, this property has made the cred¬
itable snowing of earning its fixed charges practically from the beginning
of operations on July 1 1908.
The entire une of 113 miles has just been
completed to its terminus at Metaline Falls, so that for the current fiscal
year ending June 30 1911 103 miles of main line will have been in operation
for the entire year and 113 miles for 9 months of the year, making an aver¬
now
mileage of 107.
Earnings for the Years ending June 30 1910.
Year ending—
Av. Miles. Gross Earns. Op. Exp. Net Earns. Bd. Int.
June 30 1909 (actual)
51
$294,018 $205,813 $88,205 $76,500
June 30 1910 (actual)
85
613,358
400,680 212,679
126,182
June 30 1911 (estimated) ..107
906,619
543,972 362,648
160,500
June 30 1912 (estimated) ..113
1.350.000
810,000
540,000 169,500
The actual earnings of this property have proved to be materially in ex¬
age
of our original estimates, and now, with its construction
fully completed
and its entire Une in operation, it is probable that our estimates for 1911 and
1912 will again prove to have been too conservative. See also V. 89,
p. 411.
cess
Illinois Central RR.—New President.—Charles H. Mark¬
ham, President of the Gulf Refining Co. and the Gulf Pipe
1711
THE CHRONICLE
Dec. 24 1910. j
Line Co. of Pittsburgh., has been elected
James T. Harahan, who resigned.
President to succeed
Northern Ohio Traction ft
Light Co.—Guaranteed Bonds
Offered.—See Canton-Akron Consolidated Ry., page 1628,
Mr. Harahan will be 70 years old on Jan. 12 next and, according to the
company’s rules, would be compelled to retire at; that age.
He has been
been connected with the road for 20 years, succeeding Stuyvesant Fish
as President 3 years ago.—V. 91, p. 1160, 879.
last week.—V.
Interborough Rapid Transit Co.—Public Service Commis¬
Acceptance of Offer.—The Public Service
Commission on Dec. 20 sent a letter to the Board of Estimate
recommending the acceptance of the company's offer of Dec. 5
to third-track its present elevated lines and build extensions
to the elevated and subway systems (V. 91, p. 1574).
The
Board of Estimate referred the matter to the Transit Com¬
mittee for a report on Jan. 5.
property to the Oregon-Washington RR. & Navigation Co.;
also the dissolution of the Oregon RR. & Navigation Co.
—V. 91, p. 1512, 1447.
sion Recommends
The Commission states it Is prepared to accept the company’s proposition
provided “certain features not now satisfactory can properly be adjusted.”
—V. 91, p. 1629, 1574.
Railways, Philadelphia.—Plan Operative.—The
directors have declared operative the new pref .stock financing
plan (V. 91, p. 1512)
..
Interstate
The first payment on the $500,000 pref. stock to be subscribed by the
holders of common stock in cash (20% of the amount subscribed for by each)
will be due Dec. 31 and the remainder in installments of 20% at Intervals
of 30 days until full payment has been made, when full-paid certificates
will be Issued.
In the meantime temporary receipts will be issued. The
bondholders In place of their overdue coupons
pref. stock to be accepted by
will be delivered shortly after the first of the year
certificates.—V. 91. p. 1512. 1446.
In the form of full-paid
Lehigh Valley RR .—On 10% Basis.—A semi-annual divi¬
dend of 5% has been declared on the $60,555,350 common
stock as recently increased, payable Jan. 14 to holders of
record Dec. 31.
This raises the rate to 10% yearly,
compared with 6%, the former rate paid since 1907.
Previous Dividend Rate Since 1887 (Per Cent).
1888 to ’91.
5
yearly
’92.
5K
’93.
4
1894 to ’03.
None
’04.
1
’05.
4
’06.
’07.
’08.
’09.
’10.
4
6
6
6
6
New Director.—W. R. Butler, Mauch Chunk, Pa., has
been elected a director to succeed the late Simon P. Wolver-
ton.—V. 91, p. 1574,
1447.
Louisville ft Nashville RR.—New Officer.—J. M. Dickin¬
of New York has been made 2d Vice-Pres. to succeed
Arthur W. Morriss, who resigned.—V. 91, p. 1512, 1447.
son
Mahoning ft Shenango Ry. ft Light Co.—Earnings.—
Yr. end.—
Gross Earns.
Net(aft.taxes). Int. onBds.,Ac. Bal., Surp.
Sept. 30 1910__.$2,196,326
$922,699
Dec. 31 1909... 1,985,952
—V. 90. p. 1554.
860,509
$501,973
494,936
$420,726
365,573
Manila RR.—Bonds Accepted as
Security for Government
Deposits.—The Secretary of the Treasury has decided to
accept the company's bonds at 90% of their market value,
but not exceeding 90% of par, as security for Government
deposits in national banks. The bonds cannot be applied to
postal savings deposits.—V. 91, p. 1025, 717.
Metropolitan Street Ry.—Transfers.—Notices have been
posted in the cars of the company announcing that the new
transfer plan ordered by the Public Service Commission for
an 8-cent fare between the lines of the Metropolitan and the
59th St. crosstown line of the Central Park North & East
River RR. will become effective on Dec. 25.—V. 91, p. 1574,
1512.
91, p. 519, 1512.
Oregon Railroad & Navigation Co.—Sale Authorized.—
The stockholders
on
Dec. 22 authorized the sale of the
Oregon Short Line RR.—50% Dividend.—A special dis¬
patch to the Portland “Oregonian" from Salem, Ore., on
Dec. 13 stated that a report just filed with the Oregon State
RR. Comm, showed that the road for the year ended June 30
1910 declared dividends of 50%,said dividends amounting to*
$13,675,530. This entire sum went to the Union Pacific
RR. Co. as owner of all the outstanding capital stock.
The report further shows that the Short Line advanced $8,103,867 during
the year 1909-10 to 15 allied corporations for construction, betterments ana
A 50% dividend was also paid In 1906.
equipment.
V. 91. p. 1512. 1026.
(V. 84, p. 52).—
Pensacola (Fla.) Electric Co.—Sale of Notes.—Stone &
Webster sold this week an issue of $250,000 5-year 6% con¬
vertible gold coupon notes, due March 1 1916, which they
offered at 97 %.
The proceeds will be used chiefly to retire $235,000 floating debt incurred
for additions and improvements.
5s, $800,000 common stock ’and
There
are
outstanding $821,000 1st M.
$300,000 preferred; there Is $250,000 ad¬
ditional common reserved for conversion of above rates.
Results for Years ending Oct. 31 1910—With Int. Charges on New Notes.
Gross earnings
$40,245
$264,7011 Interest on bonds
Net after taxes
99,794 | Int. on new notes
15,000
Balance, surplus
J
$44,549
For cal. year 1909 gross was $246,664; 1908, $209,182.—V. 90, p. 503.
Philadelphia Rapid Transit Co.—Meetings to Ratify Plan.—
Meetings of the shareholders of both the Rapid Transit com¬
pany
and the Union Traction Co. have been called for Feb. 28
ratify the financial plan. Following favorable action on
this plan, E.T.Stotesbury and Thomas E. Mitten, the Chi¬
cago street railway expert, will enter the Transit company
board.
See V. 91, p. 1630.
Mr. Stotesbury*s Letter.—The letter Bent by Edward T. Sto¬
tesbury to President Charles O. Kruger on Dec. 16 says:
to
Letter
of Mr. Stotesbury, dated at Philadelphia, Dec. 14 1910.
interest, by
The proposed issueof$10,000,000, guaranteed, principal and
the Union Traction Co. and secured by the equity in the Market Street Ele¬
vated RR., as set forth in your letter, seems to fairly meet the company’s
known requirements in the matter of new capital and the refunding of ac¬
cruing capital obligations during the 5-year period next ensuing.
With reference to your statement that the Rapid Transit Co s treasury
now contains an excess from $1,500,000 to $2,000,000 in current assets
over current liabilities, lt would appear that this sum should be sufficient
to make
possible the expenditure of the full amount required for mainte¬
renewals during rehabilitation.
Conforming to the suggestion contained in your letter, but having In view
the double purpose of securing the substantial accuracy of your estimate,
and also that the exact condition of the company’s affairs be made a matter
of record prior to the proposed change in management, it would seem best
that there be now made a complete audit of the company’s books as of
Dec. 31.
With this audit before us the final details of the plan can be
worked out with the Union Traction Co’s directors In ample time to present
them at the stockholders’ meetings.
I desire to have my position in regard to this matter clearly understood,
both by yourself and the public generally.
I shall undertake It solely from a desire to promote the best Interests of
Philadelphia and those fellow citizens whose confidence in my ability to
solve this problem I appreciate and hope to deserve; but as I accept a heavy
responsibility without remuneration, and at a sacrifice of time which 1 can
ill afford to lose, I must be allowed to use my own judgment to spend such
moneys as are necessary to secure the most expert advice and assistance
nance ana
Mexican Southern Ry., Ltd.—Listed.—The London Stock
available.
Compare V. 91, p. 1161, 1630.
Exchange has listed a further £189,955 4% 1st M. debenture
Pittsburgh
Binghamton ft Eastern RR.—Foreclosure Sale.
stock, making the total listed £875,000.—V. 89, p. 1542.
—The Federal Court at Scranton, Pa., on Dec. 23, on the
Montreal Street Railway Co.—Holding Company.—See
petition of the Knickerbocker Trust Co., mortgage trustee,
Montreal Tramways & Power Co., Ltd., below.
and E. H. Gay & Co., ordered the foreclosure sale of the
Debenture Stockc—A press report says that negotiations road.—V.
89, p. 225.
are in progress for the sale of an issue of debenture stock in
Rochester
Syracuse & Eastern (Electric) RR.—Alliance.—
London and Paris early in 1911.—V. 91, p. 1254, 1249.
See Buffalo Lockport & Rochester RR. above.—V. 87, p.347.
Montreal Tramways ft Power Co., Ltd.—Holding Company
St. Joseph ft Grand Island Ry.—See “Annual Reports."
Incorporated in London.—This company was incorporated in
Protective Measures.—Minority holders of the first pref.
on
Dec.
London
9 with capital stock reported as about
stock who claim that since control of the road was acquired
£4,110,000 (equivalent to $20,000,000), divided into 200,000
by the Union Pacific large amounts of money have been
shares, to hold a majority of the $10,000,000 capital stock
expended
for improvements and charged out of earnings
of the Montreal Street Railway Co. and of the $6,000,000
which should have been charged to capital account, thus
stock of the Canadian Light & Power Co.
Control of the
street railway was acquired by the Light & Power interests unduly benefiting the common stock, of which the Union
Pacific owns the greater part, are organizing a committee
in November last.—(Compare V. 91, p. 1255, 1249, 655).
under the leadership of Henry Hoffman, of Paris (present
Abstract of Statement Made by Pres. Robert of Montreal St. Ry. on Dec. 19.
address,
care Whitehouse & Co., Ill Broadway, N. Y.),
Several months ago the Imperial Trust Co. was organized with a large
capital paid up In cash in order to finance the acquisition of a majority of with a view to taking steps to protect their interests.
The
the shares of the Montreal Street Ry. Co.
The Imperial Trust Co. secured
Columbia Trust Co., N. X., it is understood, will be deposi¬
the co-operation of certain well-known English capitalists.
One of the
objects of the Montreal Tramways & Power Co., Ltd., is to purohase the
tary.—V. 91, p. 1161.
present holdings of the Imperial Trust Co. and eventually to acquire a
St. Louis ft San Francisco RR.—Gen. Lien 5s.—See Cleve¬
majority of the shares of the Montreal Street Ry. Co. and the Canadian
Light & Power Co., and to finance both these companies, chiefly with land Cincinnati Chicago & St. Louis Ry. above.—V.91,p.l448.
English capital.
Seaboard Air Line Ry.—Full Interest on Income Bonds.—
These two companies, the Montreal Street Ry. Co. and the Canadian
Light & Power Co., will retain their separate Identities and operate their
plants, but through the medium of the holding company it is intended
that they shall operate In entire harmony, so that the street railway will
always have an independent supply of power and the Canadian Light &
Power Co. a customer for Its power over and above the power now con¬
tracted for with other electric companies.
Mr. E. A. Robert, who from the outset promoted the Canadian Light &
Power Co., has carried out his undertaking solely for the purpose of Intro¬
ducing to Montreal a strong competitive company, for the purpose of sup¬
plying light and power at rates whioh would prove advantageous to In¬
dustrial establishments and to the citizens. He Is now assured of market¬
ing a portion of the eleotrioal power produced at Beauharnois with the
Montreal Street Railway Co., and he has also prooured such financial
assistance as is required to finance larger developments of hydro-electric
•wn
and also such improvements and extensions of the street railway as
may be agreed upon with the civic authorities.
The Federal lease of the
Beauharnois power privileges and the charter of the Can. Lt. & Pow. Co.
both contain express provisions which prohibit an amalgamation with the
Montreal Light, Heat & Power Co.
power
New York State Railways.—See
Ry. below.—Y. 90, p. 1425.
Syracuse Rapid Transit
The directors have declared the full semi-annual interest of
the $24,979,500 adjustment mortgage (income)
ending Oct. 31, payable Feb. 1 next,
as
recently recommended By the executive committee.
Compare V. 91, p. 1575, 1021.
2y2%
on
bonds for the half-year
Southern
Ry.—Favorable Decision.—A jury in the Rich¬
land Court of Common Pleas at Columbia, S. C., on Dec. 20
in the so-called “Southern merger” suit brought by the State
Attorney-General in 1903 by direction of the Legislature,
a verdict that the absorption in 1902 of the South
Carolina & Georgia, South Carolina ft Georgia Extension,
returned
Asheville &
Spartanburg and Carolina Midland railroads, by
the Southern
Ry. Carolina Division (which is leased to the
constitutional pro¬
Southern Ry.) was not a violation of the
visions against merging competitive lines
in South Cairouna.
1712
THE CHRONICLE
[VOL.
LXXXXI.
n*
The suit was on trial for 22
days. The company’s defense was that the
lines were not competitive within the
meaning of the constitution and that
the parallelism was merely
geographical and the constitutional prohibition
does not apply In the case.
Judge Snipp, in approving the findings, declared the Act approved
Feb. 19 1902 authorizing the consolidation and
lease, the consolidation
effected June 23 1902 and the lease executed June 30
1902, all to be con¬
stitutional and valid.—V. 91, p. 1631, 1096.
and
1%% quarterly (5^£% yearly) theretofore from the
organization of the company in 1903. Compare V. 91, p.
1513; V. 89, p. 1669.
American River Electric Co.—Price Paid.—San Francisco
papers state that the price paid the old owners for this
prop¬
now part of the Western States Gas & Electric Co.
erty,
Chicago.—To Retire Bonds.—See
(V. 91. p. 1578), was $1,375,000.—V. 91, p.
Chicago City & Connecting Rys. above.—V. 91, p. 1631.
1575.
American Steel Foundries.—New
Susquehanna Railway, Light & Power Co., New York.—
Officers.—George E.
Scott, formerly 3d Vice-Pres., has been chosen 2d Vice-Pres.
Bertron, Griscom & Jenks report:
to succeed W. W.
Results for Holding Company—Years
Butler, who resigned, and R. H. Ripley,
ending Oct. 31.
4th Vice-Pres., will succeed Mr. Scott.—V.
1909-10.
1908-09.
1907-08.
Net accrued from subsidiary companies
91, p. 1513, 1443.
$844,592
$672,198
$543,226
Deduct—Fixed charges
Anglo-American Telegraph Co.—Provisional Agreement for
249,849
248,793
245,813
Dividend on preferred stock (5%)
204,610
204,610
204,610
Guaranty.—Cable despatches announce a provisional agree¬
F^Reserve for depreciation
115,793
34,742
ment with the Western Union
Balance, surplus
274,400
184,053
92,803
Telegraph Co., by which the
The company still has outstanding $4,092,200
pref. stock and $4,034,500
latter
will guarantee in
common.
perpetuity 3%% on the total capital
Compare V. 91, p. 653.
stock of £7,000,000.
Compare Mackay Companies item,
Syracuse (N. Y.) Rapid Transit Railway Co.—New Stock. V.
90, p. 1428.—V. 90, p. 1427.
—The Public Service Commission, 2d
District, has been asked
& New York Ferry Co.—Notice to Bondholders.—
to approve an increase in the
pref. stock from $1,250,000 In Brooklyn
view of the report on the status of the
New York Terminal
(6% cum .) to $3,000,000. Of the $1,750,000 new stock, the
company desires to issue at this time $1,660,000 to cover Co., the successor company (see V. 91, p. 1633), holders of
this company’s $1,000,000 1st M. 6s are asked to
communi¬
outstanding notes, $1,585,000 of which are owned by the cate
with Joseph J. O’Donohue Jr. and
New York State Railways.
Seymour
L. Husted,
the mortgage
The Commission has also received a petition from the New York State
trustees, 101 Front St., N. Y. City. The
Rys. for authority to acquire the $1,750,000 Increased capital stock applied
coupons due in 1910 (J. & J.) wrere paid at
for by the Syracuse Rapid Transit Ry. Co.—V. 88,
maturity.—
p. 507.
V. 88, p. 233.
Tonopah & Tidewater RR.—Report Denied.—An official
Canadian Light & Power Co.,
of the company denies the report that the
Montreal.—Holding Com¬
company is about pany.—See Montreal
Tramways & Power Co., Ltd., under
to secure a lease of the Tonopah & Goldfield RR. or that
“Railroads” above.—V. 91, p.
1255, 655.
negotiations for that purpose are pending.—V. 86, p. 1287.
Junction
Chicago
Rys.
&
Union
Stock Yards.—New Direc¬
Union Pacific RR.—$13,675,530 from Special Dividend.—
tor.—S. L. Schoonmaker has been elected a
director to suc¬
See Oregon Short Line RR. above.—V. 91,
p. 1513, 1448.
ceed Governor-elect
Eugene N. Foss, who resigned.—V. 91,
Wabash-Pittsburgh Terminal Ry.—Decision Permitting p. 1027.
Bondholders to Withdraw Bonds.—Judge Noyes in the U. S.
Citizens’ Gas Co. of
Indianapolis.—Sale of Delinquent
Circuit Court in this city on Dec. 16, in the suit of the
Chaplin
Stock.—The company sold at auction on Dec. 19
the 299
committee for the 1st M.
bondholders, rendered a decision shares (par
permitting bondholders, if they desire, to withdraw from the stock of the$25 each), being the amount of the $1,000,000
company which had been subscribed and not
Central Trust Co. bonds deposited under the
reorganization fully paid for. The prices netted
averaged 1023^%. The
agreement of the Wallace committee.—Y. 91, p. 1631, 1575. amount subscribed for
on
June 30 1910 was
$932,775.
West Chester, Kennett & Wilmington Electric
Ry.— Compare V. 91, p. 1576, 520.
Atlee Committee Control
Situation.—George B. Atlee & Co.,
Consolidated Gas Co. of N.
Phila., stated on Dec. 17 that sufficient of the $420,000 bonds of Subsidiaries.—See New York Y.—Increased Dividend Rate
Mutual Gas Light Co. below.
had been deposited with the committee they
represent to —V. 91, p. 1632, 1162.
permit foreclosure. Compare V. 91, p. 1575, 1631.
Com Products Refining Co., New York.—To Consider
Re¬
Western New York & Pennsylvania Traction Co.—Bonds
duction of Capital Stock.—The directors at a
meeting held
Offered.—See bond offering of J. S. & W. S. Kuhn, Inc., on Dec. 20
appointed a committee, composed of James Speyer,
another page of to-day’s “Chronicle”; also detailed state¬
W. J. Matheson, C. H.
Kelsey and E. T. Bedford, to con¬
ment in V. 91, p. 1162.
sider the suggestion made
by some of the shareholders that
West Penn Traction Co.—Bonds
Offered.—By advertise¬ a reduction be made in the amount of the capital stock, con¬
ment on another page, J.S. & W. S.
Kuhn, Inc., Pittsburgh, sisting now of about $50,000,000 common and $30,000,Chicago, New York, Philadelphia, and their agents, Kuhn, 000 7% cum. pref. The pref. for the last three
years
Fisher & Co., Boston, are offering this
company’s 1st M. has received dividends of only 5% per annum (6%
having
5% gold bonds (tax free in Pennsylvania), dated June 1 1910 accumulated) and the common never has
parthipited in
and due June 1 1960.
Denominations $1,000 and $500c*. profits. Touching the assertion that the
earnings have been
The bankers say: “This company furnishes
transportation, equal to the full 7% on the pref. and 3% on the common
electric light and power in over fifty
municipalities in the since 1906, a director says (“Chicago Inter Ocean” Dec. 18):
Connellsville coke region, Western Pennsylvania.
As regards the first four years, the
It op¬
company’s consolidated
Southern Street Ry.,
**
■
erates over
990 years.
earnings
157 miles of track.
Its franchises extend for
Its service is practically exclusive. In 1909 its
were at the rate of $8,428 per mile of track operated,
which compares favorably with the
average earnings per
mile of track of the steam railroads in the United States for
the same period, which were about
$10,500. The earnings
of the property for the year ending
Sept. 30 1910 were at the
rate of $9,312 per mile of track
approximately
V. 91, p. 1027
10.5%
operated,
over
the
or an increase of
year 1909.”—-
calendar
Wilmington (Del.) New Castle & Southern Ry.—Sale of
Delaware City End of Road.—Chief Justice James Pennewill
on Dec. 19 ordered the receivers to sell the
Delaware City
end of the road at public sale.
No date for the sale was set.
The sale is to be advertised for three weeks.
The foreclosure sale of the line between
Wilmington and
Newcastle under the 1st M. of the
Wilmington & Newcastle
Ry. of 1896 for $150,000 was to take place yesterday
V. 91, p. 1448, 1162.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Cement Co., Philadelphia.—Dividends Sus¬
pended.—This company, which a year ago reduced its annual
dividend rate from 6% to 2%, has now omitted the Jan.
1911 dividend.
The directors say:
The company Is affected by the same conditions that have affected
every
plant In the Industry.
Several of the companies have been obliged to close
their plants during the year, and a change of management and control
was
made tn the case of the largest company. • In addition to the
low prices
which affected all Companies, this company during the
year has had to
carry the newly constructed Norfolk works, which are only lust
beginning
to become productive, and it has also been
obliged to make Investments In
lands on the Hudson and In securities for Its own future
protection.
In
lew of these past and present conditions the directors do
not feel that it
would be conservative to reduce the surplus which the
company has always
made it a practice to carry.
In spite of the unprecedentedly bad conditions
of the year, the
company more than earned all of its charges, including
$45,000 paid into sinking funds for the cancellation of bonds, and the direc¬
tors are confident that the construction of the Norfolk
works will be more
than Justified by the results.*; Compare V.
91, p. 335.
American. Goal Products Co.—Dividend Increased.-^A
quarterly dividend of I V%% has been declared on- the $10,?
418,400 Stock; payable Jan. 1 to stock of record Dec. 22;
placing the stock on a 6^% annual basis, compared with
1 XA% quarterly (6%
annually) previously since Jan. 1910
report shows
total earnings up to Feb. 28 1910 oi
$14,370,285, from which a reduction for
repairs, betterments, &c., has been made amounting to $2,486,115,
leaving
a net profit of $11,884,170.
During this time there has been paid in divi¬
dends $6,421,764, leaving a surplus of
$5,462,406.
Of this total $330,446
has been expended in the erection of two can
plants In connection with the
company’s syrup business in St. Louis and Davenport, Iowa;
$2,475,03G
has been invested in stock Interests in
subsidiary companies and $1,526,790
represented loans and
advances to the National Starch Co.
The amount
advanced to the National Starch Co. was
largely for the
of re¬
building its principal wmrks at Oswego, which were destroyedpurpose
by fire during
the administration of the Corn Products Co. and on which
there was prac¬
tically no insurance.
It will, therefore, be seen that there is no
surplus
available for distribution of payment of back
dividends on the pref. stock.
The earnings this year will be much less than
those of the previous one,
notwithstanding the fact that the company has been able to keep its fac¬
tories running and maintain its full share of the
business to a greater extent
than heretofore.
While corn has declined equal to 25%, the decline In the
price of glucose, relatively speaking, has been nearly 50%.
The policy of making
improvements somewhat out of earnings is a proper
and conservative one, followed
by many other leading industrial corpora¬
tions.
If a conservative statement was made as to the
value of the com¬
pany’s assets it would be seen that, all things considered, the dividends
being paid just at this time, while the management is engaged in the build¬
ing up of the company and restoring Its property, should be viewed with
much satisfaction.—V. 91, p. 1097.
Crucible Steel Co. of
months
ending Nov. 30:
Three
Months—
1910
1909.
—V. 91, p.
Net
Earnings.
$1,022,759
1,410,906
1449, 1097.
America.—Earnings.—For
Deprec.,
&c.
$337,970
305,964
Res. for
Contin's,
$20,544
33,148
Preferred
the three
Baalnce
Dividends.
(1 H %)$427,638
$236,607
UH%) 366,569
705,225
Surplus.
Cuban-American Sugar Co., N. Y.—See “Annual
Reports.”
New Stock and Bonds.—At the annual
meeting on Dec. 20
there was authorized the issue of
$1,598,887 new pref. stock,
with 40% of new common as bonus.
Shareholders of record
Dec. 22 are entitled to subscribe for the new
pref. (with said
bonus) at par, $100 a share, at the office, 15 Exchange Place,
N. Y., on or before Jan. 10 to the extent
of12^6% of their
respective holdings, common and pref. It is also proposed
to issue $1,600,000 bonds as below stated.
The new stock is issued for the purpose of providing funds
for the devel¬
opment of the property recently acquired by San Manuel Sugar Co., whose
stock, $10,000, is owned by the Cuban-American Sugar Co.
nCondensed Extracts from Circular dated New York, Dec. 10 1910.
Negotiations that had been In progress for a number of years resulted in
December 1909 In the purchase of the San Manuel Estate and two
other
entire capital
adjacent properties, all located In the vicinity of Puerto Padre, Cuba,,
ad¬
joining the Chaparra Estate, and aggregating 92,000 acres of land, together
with a Sugar factory, railroad system, wharf
and, other accessories of a Sugar
plantation, as well as the greater part of this toufn of Puerto
The
present plans for the development of the properties include the Padre./",
construction
of a modern sugar factory capable of grinding 3,000
tons of cane a day, with
an annual output of approximately 300,000
bags of sugar, the extension of
Deo. 24 1910.
J
the present railroad system and the construction of a
THE CHRONICLE
deep-water shipping
terminal, enabling the compahy to save expensive lighterage charges and
make other Important economies for the San Manuel and Chaparra Estates.
The cash requirements of the company to carry out these plans for the
development of the properties will amount to about $3,000,000; 60% of
which,or,say, $1,800,000, it is proposed to provide by the sale of the collat¬
eral trust bonds of this company and the remainder through the sale of its
pref. stock.
A contract has been entered into for the sale of the bonds.
A conservative appraisal of these properties made at the time of their
acquisition placed the excess of value over the purchase price at nearly
$700,000, and it is proposed to issue against this excess value our common
stock to the amount of 40% of the subscriptions to the pref. stock for use
in more readily effecting the sale of the pref. stock. [See Am. Sugar Ref.
Co. in V. 91, p. 1572; also compare V. 90, p. 916, 1046, 1680.]
Empire District Electric Co.—Monthly Preferred Dividend.
subsidiary of the Cities Service Co. has declared a
monthly dividend of % of 1% on the pref. stock, payable
—This
Jan. 1 to holders of record Dec. 20.
It is announced that
hereafter dividends will be paid monthly to holders of record
on the 20th of each preceding month.—V. 91, p. 1632, 656,
Dividends are to be paid at the rate of % of 1 % until all back dividends
(amounting to about 7%) are taken care of, and then at the regular rate
H of 1% a month on the first of every month to stockholders of record
on the 20th day of each preceding month.—V. 91, p. 1632.
of
Flint (Mich.) Electric Co.—Bonds Called.—The company,
controlled by Commonwealth Power, Railway & Light Co.,
has called for payment on Feb. 1 at 105 and int. the 1st M.
5% gold bonds issued by the Flint Light & Power Co. under
mortgage to the American Loan & Trust Co., now the
American Trust Co.
The bonds will be paid at the office
a
of the trustee.
Indianapolis (Ind.) Water Co.—Bonds Offered in Exchange.
White, Weld & Co., N. Y. and Chicago, and the Indiana Nat.
Bank, Indianapolis, are offering holders of the $458,000
6% bonds, due May 1 1911, to accept said bonds on behalf
of the company at 101 and int. in exchange for the new “first
and refunding" 4^% 30-year bonds at 97 and int., or about
a 4^4% basis, int. to be adjusted to date of exchange.
“First and refunding mortgage” gold 4M% bonds, dated Jan. 1 1910
and due Jan. 1 1940, but redeemable at 104 and int. on any interest date on
notice.
Par $1,000 (c*).
Int. J. & J.
Total auth. issue, $10,000,000,
viz.: outstanding, $1,820,000; reserved to retire prior liens, due May 1
1911 or redeemable July 1 1911, $3,180,000; reserved for additions, exten¬
sions and betterments up to 80% of cost, $5,000,000.
Trustees, Bankers’
Trust Co., New York, and Albert Baker, Indianapolis.
Digest of Information Furnished by the Company.
The new bonds are secured by a mortgage on the entire property, subject
to $458,000 1st M. 6s due May 1 1911 and $2,442,000 gen. mtge. 5s due
July 1 1926 and redeemable on and after July 1 1911. The company has
had outstanding $1,000,000 30-year 4^% bonds, but 95% of these have
been exchanged for bonds of this issue and the balance will be exchanged
or an equivalent amount of cash deposited with the trustee of this issue to
provide for their retirement not later than July 1 1911.
The company furnishes the only public water supply in Indianapolis
and controls so thoroughly the only available sources of water that future
competition is impracticable. The property has been established 40 years.
Gross earnings have grown from $334,033 in 1900 to $687,573 in the year
ended March 31 1910.
In the latter year net earnings amounted to nearly
2 H times fixed charges, and in the first quarter of the current fiscal year
surplus over fixed charges shows an increase of 8.6%. Since 1900 40% of
the pipe system, over 50% of the pumping machinery (capacity double
maximum requirements) and the entire filtration plant have been installed.
There are 310 miles of mains, with 25,200 taps in actual service.
The comany furnishes filtered water obtained from White River, Fall Creek and
eep rock wells, tested dally.
Franchise liberal and has no time limit.
Indianapolis has a population of 245,000.—V. 91, p 1331.
Interstate
Independent Telephone & Telegraph Go.,
Joliet, &c., Ill.—Suit.—The receivers on Dec. 16 filed a suit
in the U. S. Circuit Court charging former officers with
having defrauded the company out of $1,231,000, $956,000
of this being for “overestimate of the value of work done."
Fred. A, Dolph, one of the receivers, has been quoted as holding out the
hope that the $59,750 Interest on the 1st M. bonds Oct. 1 will eventually be
paid. The company is said to have to its credit $43,000 cash; also some
$65,000 accounts receivable, which should in part be collectible. For the
year ending July 1 1909 the gross earnings were reported as $384,015, and
there was said to be a surplus of $30,131 after taxes and bond interest.
Compare V. 91, p. 1516.
Grand Rapids (Mich.)
Court Upholds Legislative
1713
mentions prior liens to a total of $3,200,000, which we
understand will be retired out of proceeds of new issue.
The directors of the new company are Joseph P. Greenhut, Pres.; Henry
The deed of trust
Morgenthau, Jerome Siegel and Wm. H. Cooper, Vice-Presidents; Benedict
W. Greenhut, Benjamin Hillman, Frank
J. Greenhut, Sec.-Treas.; Nelson
C. Cadden and E. R. Wolfner.
Harrison Bros. Co., Philadelphia.—Preferred Dividend.—
The directors have declared a dividend of 4% on the $1,500,000 7% non-cumulative pref. stock (the same as for 1910),
payable 1% quarterly
as
follows:
record Dec. 28; 1 % April 1 to stock of record March
28; 1% payable July 1 to stock of record June 28; 1% payable Oct. 1 to
stock of record Sept. 28.
Dividend Record (Per Cent).
May 1898 to May 1901.
1911.
1909.
1910.
7 yearly
Preferred
Oct., 14
4
On common, 9 H% in 1899; none since.—V. 91, p. 1028.
1 % Jan. 2 to stock of
Hudson River Electric Power
The report recently filed
Court for Northern New
Co.—Report of Receivers.—
by the receivers with the U.S. Dist.
York, is confirmed as showing:
Improvements at the Spiers Falls dam have steadily progressed, and the
on the overfall and river sections has been completed.
Up to Oct. 1
$47,412 had been expended in completing the dam.
The lease (of the Utica plant, V. 87, p. 1535; V. 88, p. 228) to the Utica
& Mohawk Valley Ry. has been extended during the life of the receivership,
and contracts have been made with Burt Olney Canning Co. of Oneida,
York State Fruit Co. of Canastota, and Sweet, Doyle Foundry Co. of
Watervliet.
A tentative agreement has also been reached with General
Electric Co., providing for settlement of the suit pending against General
Electric Co. (V. 90, p. 505), making provision for purchase of the No. 7
generator at Spiers Falls, and for furnishing by the electric company to the
receivers of spare power in case of need, and purchase by the electric com¬
pany from the receivers of surplus power in case of need.
Total operating revenues of all the companies for the first seven months
of 1910 amounted to $477,070, an increase of $21,608 over the same period
in 1909; net income, $250,072; increase, $26,508; deficit after charges,
$79,731, as compared with a deficit of $106,766 In the same period last
Total cash on hand Sept. 30, $363,488.
year.
work
Decision.—The United States Circuit Court of Appeals in
this city on Dec. 14 (Judge Lacombe writing the opinion)
affirmed the decision of Judge Ray who, in a decision filed
by creditors against the company and its controlled com¬
panies, held that the bankruptcy law does not apply to
public service corporations.
The right of the public in the case of public utility companies, it is held. Is
superior to that of creditors of every class, “which right cannot be extin¬
guished by the payment of a dividend in money.”
The public safety and
comfort demand that whatever else may happen the corporation shall not
make default on public obligations.
Congress, it is said, had no intention
to include public service corporations in the enumeration of section 4 of
the original bankruptcy Act or ais it wets amended in 1903.
[Judge Ray
was chairman of the House Judiciary Committee when the bankruptcy
Act was passed.—Ed.]—V. 91, p. 1515, 874.
International Nickel Co.—New Director.—S. H. P. Pell
has been
again elected
a
director.—V. 91,
p.
972.
Jacksonville (Ill.) Gas Light & Coke Co .—Called Bonds.—
Two 1st M. 5% bonds of $1,000 each and six of $500 each
have been drawn for payment at 103 and interest on Jan. 1
at the Merchants’ Loan & Trust Co., 135 Adams St., Chicago,
trustee.—V. 80, p. 2223.
Landers, Frary & Clark (Cutlery, &c.), New Britain,
Conn.—New Stock.—Stockholders of record
have the privilege until and inch Jan. 18 of
Dec.
6
1910
subscribing at
par ($25) for $500,000 new stock, to the extent of one share
for every three shares held by them respectively.
Payment in full must be made on or before Feb. 15 1911. The new stock
will participate in all dividends declared after Feb. 15 1911.
This will
increase the outstanding stock to $2,000,000.
Dividend rate in 1908 and
1909 said to have been 8% (Q.-J.) and 6% extra; in 1910, (?) %.
No bonds.
Pres., C. F. Smith: Sec.-Treas., G. M. Landers.
New York Mutual Gas
Light Co.—Dividend Increased.—
has declared a semi-annual dividend of 4%,
payable Jan. 7 to holders of record Dec. 28, compared with
3% semi-annually since July 1906. The Consolidated Gas
Co. owns $1,886,200 of the $3,436,600 outstanding stock,
The company
Hydraulic Co.—Decision of Final and the increase in the dividend rate therefore amounts to
Act Forfeiting Charter.—The U. S. $18,862 additional income semi-annually.
Supreme Court on Dec. 12 handed down a decision in the
Previous Dividend Record Since 1893 (Per Cent).
quo warranto proceedings brought by the State of Michigan 1894-97. 1898. 1899 1900. 1901-05. 1906. 1907. 1908. 1909. 1910.
8
7
7
6
6
6
6
yearly
3
9 yearly
sustaining the contention of the latter that the company no 9—V.
90. p. 702.
longer has a right to transact business, and also the Act of
Niagara Falls Power Co.—New Stock.—The company has
the Legislature forfeiting its charter passed in 1905.
Com¬ received
authority from the Pub. Serv. Com., 2d Dist., to
pare V. 84, p. 1117, 934.
issue $1,534,000 common stock to provide for the discharge
The bondholders of the company contended that the Act was unconsti¬
of the outstanding 10-year 6% debentures.—V. 91, p. 1331.
tutional and that the city could not oust the company without at least
taking over the plant at a fair valuation.
Parker Cotton Mills Co., Greenville, S. 0.—Merger Com¬
New Mortgage Trustee.—Judge Perkins at Grand Rapids,
pany Chartered.—This company, with a capital stock of
Mich., on Dec. 17, on petition of Milton C. Gray and John $5,000,000, in shares of $100 each, was on Dec. 17 “com¬
F. Calder, who hold, it is said, $642,000 of the $680,000 missioned” by the Secretary of State of South Carolina to
outstanding bonds, appointed Warren Hubbard of New York purchase, erect and conduct cotton mills.
as trustee of the mortgage of Sept. 9 1886 to secure an au¬
The petitioners for the charter were: Thomas F. Parker, Lewis W. Par¬
thorized issue of $1,200,000 bonds, to succeed the American ker, H. J. Haynsworth and David Jennings, all of Greenville; J. H. M. Beattie, of Columbia, and M. L. Marchant, of Greer.
Compare V. 91, p. 1634.
Loan & Trust Co. ,of Boston.
enable the bondholders to take such measures as
be deemed advisable to protect their Interests in view of the decision
to
referred
above.—V. 84, p. 1117.
The step was taken to
may
Greenhut-Siegel Cooper Co., New York.—Consolidation.—
Siegel Cooper Co. (of N. Y.; capital
stock $1,000,000) and also the shareholders of the allied
corporation, Greenhut & Co. (incorp. in N. Y. Apr. 18 1907
with $1,400,000 of auth. capital stock) voted Nov. 12, at
their offices, 288 and 301 Sixth Ave., N. Y. City, in favor
of a proposition to consolidate and merge said companies
into a single corporation under the laws of N. Y. State to
be known as Greenhut-Siegel Cooper Co., and to have a
capital stock of $6,000,000 and a duration of 50 yrs.
The shareholders of the
These companies, of which Joseph B. Greenhut is President, should not
be confounded with the enterprises which are controlled by the Siegel
Stores Corporation.
Greenhut & Co. in July 1910 made a4H% $1,200,000
mtge., due Aug. 10 1919, to the New York Life Ins. & Trust Co., covering
Nos. 295 to 303 Sixth Ave.
On Dec. 14 1910 the new company filed a mtge.
with the Central Trust Co., as trustee, covering their realty holdings on
6th Ave. between 9th and 10th sts., to secure $6,000,000 6% gold bonds;
dated Dec. 1 1910, due July 1 1935, but subject to call on any interest date
after Deo. 1915; int. J. & J.
The new bonds are described as a first mtge.
Sealshipt Oyster System, Inc., Northport, N. Y., South
Norwalk, Conn.—Increase
of Stock—Acquisitions.—The
stockholders voted on Dec. 20 to increase the capital stock
from $3,000,000 to $4,500,000, making the pref. stock
$2,500,000 instead of $1,500,000 (of which $820,000 was out¬
standing), and the common stock $2,000,000 instead of
$1,500,000; also to increase the directors from 9 to 11.
All of the additional $1,680,000 pref. stock and all of the $500,000 new
will be Issued to acquire 12 to 15 additional properties, in¬
cluding the two Warren, R. I., properties, sold last week to the Stratford
Oyster Co., namely Massasoit Oyster Co. holdings, some 332 acres of oyster
land under lease, and the holdings of Frank W. Smith, aggregating 350
common stock
acres, with power boats, &c.
Contracts for the remaining properties are
expected to be closed by Jan. 15.
See full statement, V. 91, p. 1634.
New Stock
Underwritten—Strong Interests Enter Board.—
Weeks of N. Y. and
7% cumulative prefstock, part of which will probably be offered to the public
at an early day at 95.
Associated with Hornblower &
A syndicate headed by Hornblower &
Boston have underwritten $2,000,000
Weeks are interests identified with the United Fruit Co.
and several banking firms of Boston and New York.
1714
THE CHRONICLE
The board as reorganized to include the new Interests embraces: L. C.
Brooks (President), F. S. Beardsley, G. L.
Brooks, D. K. Cole, Alvah
Crocker of the Crocker-Burbank Paper
Co.; Henry Hornblower, Boston;
E. F. Hulbert.T. F. Manville of H. W. Johns-Manvllle Co., also director
Fourth Nat. Bank, New York; A. W. Preston, Pres. United Fruit Co.;
Chas. G. Rice of N. W. Rice Co., director U. S. Machine Co. and director
First Nat. Bank, Boston; Edward Thompson, V.-Pres. Bank of Northport, N. Y.; H. O. Underwood, Pres. W. A. Underwood Co., director
United Fruit Co. and Old Colony Trust Co., Boston.
Of the finance committee of five members of the board, three, or a mar
jorlty, will be Messrs. Underwood, Rice and Hornblower.
V. 91, p. 1634.
First Dividend.—An initial semi-annual dividend of 33^%
on the pref. stock has been declared
payable Jan. 5 1911 to
holders of record Dec. 31 1910.—V. 91, p. 1634.
Shelby Iron Co.—Dividends Resumed.—A dividend of
23^% bas been declared on the $1,000,000 stock, payable
Jan. 10 1911 to holders of record Dec. 27 1910.
distribution
The last
[VOL.
LXXXXI
bonds have been used in the construction of a new power plant and
linea
necessary to meet the rapidly increasing business.
The stockholders have
recently subscribed for $100,000 of the pref. stock at 95 and paid for $71,500,
the balance being taken as required.
The company Is now completing a
new fire-proof station designed for 8,000 h.
p., in which there are being
Installed steam turbines of 6,000 h. p. capacity and water-tube boilers
equipped with automatic coal handling machinery. The city has entered
into a 10-year contract for light which runs until Nov. 1 1919.
The com¬
pany is owned and managed by local shareholders, mostly Springfield
and Columbus men.
Earns. Oct. 31 Yr.- 1909-10. 1908-09.
1909-10.
Gross earnings...$186,729 $161,883 Int. $650,000 bds. $32,500
Net earnings
70,247
56,121 Surplus
37,747
—V. 91, p. 468.
Standard
Cordage Co., New York.—Notice
1908-09.
$32,509
23,621
to First Mort¬
gage Bondholders.—Foreclosure proceedings having been be¬
gun under the 1st M., the following committee, appointed in
1909, requests all holders of the 1st M. bonds to deposit the
same with the Title Guarantee & Trust
Co., 176
5% on May 20 1907, the same rate having
Broadway:
been paid in 1906 and 1905.—V. 86, p. 1104.
Horace L. Hotchkiss, Chairman, 27 William St., New York City; Charles
South Pittsburgh (Pa.) Water Co.—First Dividend.—An E. Orvis, 60 Broadway, N. Y. City; Frank Bailey, Vice-Pres. Title Guaran¬
tee & Trust Co.: W. J. B. Mills, 36 Wall St., N. Y.
City.; with James G.
initial dividend of 13^% has been declared on the $3,000,000
Hurty, Sec., 27 William St., N. Y. City; Decker, Allen & Storm, attorneys,
stock, payable Jan. 3 to holders of record Dec. 24.—V. 87, —V. 91, p. 1517, 1163.
p. 420.
Standard Milling Co.—Tenders Asked for Bonds of Subsidi¬
Southern Bell Telephone & Telegraph Co., New Tork.— ary.—The Franklin Trust Co. of
Brooklyn, trustee under the
Bonds Offered.—N. W. Harris & Co., N. Y. and Boston; Hecker-Jones-Jewell
Milling Co. 1st M. 6% dated Aug. 27
Kidder, Peabody & Co., N. Y. and Boston, and the Harris 1892, proposes to invest the proceeds of sale of two properties
Trust & Savings Bank, Chicago, offered publicly on Dec. 19 recently
disposed of, amounting, it is understood, to about
at 96 and int., yielding 5.27% income, the unsold portion
$175,000, in the purchase of bonds of that issue at the lowest
of the present issue of $10,000,000 30-year 1st M. sinking price
obtainable, not exceeding, however, the redemption
fund 5% gold bonds, dated Jan. 1 1911 and due Jan. 1 1941,
price of the bonds, namely 110 and accrued interest. Hold¬
but redeemable as an entire issue, but not any part thereof, ers of the bonds are
requested to submit tenders to the truste*
at 105 and int. on Jan. 1 1916, or any interest date there¬
on or before Dec. 27.
after on 60 days' notice.
Int. J. & J. in N. Y. Par $500
The properties sold which have been released from the lien of the
mortgage
the Jones mill at Broome and Lewis streets, Manhattan,
and $1,000 c*&r.
Bankers' Trust Co. of N. Y., trustee. are
and the Jewell
mill at Fulton and Furman streets, Brooklyn.
There were at last accounts
The N. Y. Stock Exchange, it is stated, will be asked to list $1,448,000 of the issue of bonds
outstanding.—V. 91, p. 1159, 877.
these bonds.
The company owns and controls the entire
Sulzberger & Sons Co., Successor (by Merger) to SchwarsBell telephone business in the Southeast Coast section of the
schild & Sulzberger Co., New
York.—Pref. Stock Over¬
United States, an area rapidly increasing in population and
subscribed.—Hallgarten & Co., New York, and William
wealth. All the $10,000,000 bonds have been disposed of.
Salomon & Co., New York and Chicago, offered for
publit
Abstract of Letter from President W. T. Gentry, New York, Dec. 12 1910.
subscription on Friday the unsold portion of $3,500,000 7%
This company was incorporated in N. Y. State in Dec. 1879.
It owns
cumulative pref. stock at 993^ and accrued dividend
and controls the entire Bell telephone business in the rapidly growing
(see
Southeast Coast section of the United States, comprising the States of Vir¬ advertisement on another page).
The
books
subscription
ginia, North Carolina, South Carolina, Georgia, Alabama, Florida and part
were opened at 10 a. m. and were closed
of West Virginia.
promptly, the issue
Its system is connected by the long-distance trunk lines
of the American Telephone & Telegraph Co. running through its
being
heavily over-subscribed. The stock was offered simul¬
territory
with the Bell system in the United States.
The said American company
taneously by Adolph Boissevain & Co. in Amsterdam,
owns 821,394,300 of the $21,400,000 outstanding stock.
Dividends at
the rate of 6% per annum have been paid since 1906.
Holland, where the subscriptions were more than twice the
amount expected.
Total
Amount
Owned by
The stock was also heavily subscribed
Capitalization—
Authorized. Outstanding. Am.T.&T.
for in Chicago, where subscriptions were received
by the
Stock(divs. paid, 6% yrly. since ’06) .$30,000,000 $21,400,000 $21,394,300
Continental & Commercial Trust & Savings Bank.
First mortgage 5% bonds
50,000,000
10,000,000
The
Of the $50,000,000 1st M. bonds authorized, the remaining bonds ($40,stock is preferred both as to assets and dividends and is re¬
000,000) in excess of the present outstanding capital stock may be issued
deemable at the option of the company at 125 and accrued
for extensions, additions, &c., but to an amount not exceeding at par the
amount of cash paid in on account of fourther issues of stock;,
dividend.
Dividend Q-J.
provided,
Par $100.
further, that the company during the
was
previous year shall have earned net
at least twice the interest charges of all bonds outstanding
during that year.
The $10,000;000 bonds now sold are issued for the purpose of
retiring
approximately $2,500,000 floating debt owned by the American Telephone
& Telegraph Co. Incurred in the development and extension of the com¬
pany’s system.
The remaining proceeds will be used to provide for further
extensions, additions and improvements.
These bonds will, in opinion of
counsel, be secured by a first mortgage on the entire property and franchises
of the company.
The present replacement value of the physical property
alone, without considering good-will or franchises, has been conservatively
appraised at over $23,000,000, or over twice the outstanding bonds.
The
value of the property will, of course, be still further increased by the ex¬
penditure of a large part of the proceeds from the sale of the bonds now
offered.
A sinking fund of 1% of the bonds Issued will be paid and
applied
to the cancellation in any year in which sufficient bonds for that
purpose
can
be purchased at or under par.
Earnings for Calendar Year 1910, Last 2 Mos. Est. [with present Int. Charge].
Gross revenue
$6,000,0001 Interest on above bonds.
$500,000
Net earnings, alter taxes. 1,700,000[Surplus
1,200,000
The net earnings are over three times the 1st M. bond Interest, even prior
to the Issue of these bonds and before the investment of a
large part of the
proceeds thereof in further additions, extensions, &c.
The operating ex¬
penses for the year 1909 Include $1,590,000 charged to maintenance and
for 1910, $1,820,000, in each case being over 30% of the
gross earnings.
Cross Earnings for the Last Five Calendar Years (Last Two Mos. 1910
Est.).
_
1910 (est.).
1909.
1908.
1907.
1906.
$6,000,000
$5,230,666
$4,612,456
$4,390,600
$3,703,427
The population of the territory served by the company is estimated at
over 12,000,000.
The company operates telephone exchanges In prac¬
tically every city and town in this territory, all of which are connected by
long-distance wires. Among the cities served are Richmond, Norfolk,
Wilmington, Charleston, Savannah, Atlanta, Jacksonville and Birmingham,
which show an average increase of 64% in population in 1910 over 1900.
Increase in Var. Lines, 1900 to 1909,
Indicating Prosperity of these States.
Grain products
58% I Cotton crop (bales)
45%
Mineral products
93% |Bank deposits
169%
Growth of
Business, &c., Stations Dec. 31 1905 to 1909 and Oct. 31 1910.
N O. of Stations— Oct. 31 ’10.
1909.
1908.
1907.
1906.
1905.
Owned
159,029 141,484 124,767 118,411 107,756
87,150
Service and connected.134,959 119,918
86,576
37,336
27,106
19,510
Total
293,988 261,402 211,343 155,747 134,862 106,660
Miles of line, &c., Oct. 13 1910 and Increase since Dec. 31 1909:
Miles
pole lines, 14,782, inc., 790; copper wire on poles, 150,000, inc., 10,500;
other wire on poles, 100,000, inc., 4,000; underground wire,
167,000, inc.,
4,000.
The property is in excellent physical condition, additions to the
property during the past 5 years having been $10,630,611.
The company
owns a large amount of valuable real estate and rights of way
over private
property in the different States, as well as franchises in all of the cities and
towns in which it operates.—V. 91, p. 1635, 468.
Springfield (O.) Light, Heat & Power Co.—Bonds Offered.
—Earnings.—Hayden, Stone & Co., Boston and N. Y., and
O'Connor & Kahler, N. Y. and Chicago, are
offering at
973^ and int., yielding 5.22% income, the unsold portion of
an issue of $350,000 1st M.
gold 5s, due Feb. 1 1929, but re¬
deemable at 105
(V. 89,
p.
on
353; V. 91,
any int.
p. 468).
date on or after Feb. 1 1914
A circular shows:
Capitalization.
Common stock, authorized and issued
Preferred stock (6%), authorized, $1,000,000; Issued.
First M. bonds, auth., $2,000,000 ($1,350,000 reserved
stringent restrictions); Issued.
This bond issue is secured by a first lien
chises now owned and hereafter acquired.
$1,000,000
71,500
under
650,000
all property, rights and fran¬
The proceeds of these $350,000
on
Abstract of Letter from Pres. Ferdinand Sulzberger, New York, Dec. 10 ’10.
Sulzberger & Sons Co., a N. Y. corporation, has recently merged Schwarzschild & Sulzberger Co., thus acquiring all their property
and business.
Capitalization—Total Outstanding Stock, $28,720,000.
7% cumulative pref. stock (pref. as to assets and divs.): author¬
ized, $12,000,000; unissued, $3,280,000; issued (incl. stock
embraced in present sale)
$8,720,009
Common stock (all Issued)
20,000,009
The authorized issue of preferred stock cannot be increased beyond
the present authorized amount ($12,000,000) without the consent of twothirds of each class of stock; but in other respects the holders of the pref.
stock are not entitled to vote unless the company be in default for one year
in the payment of tfie dividends thereon.
Under the charter the $3,280,000
of unissued pref. stock can be issued only for cash at par.
The proceeds
of the present sale of pref. stock will be used principally
for the retirement
of bills payable.
Approximately $600,000 will be used (together with a
bonus of $600,000 furnished by Oklahoma City and other local Interests)
in the completion of the new packing plant now in process of erection at
Oklahoma City.
All the common stock and a portion of the outstanding
pref. stock are owned by Ferdinand Sulzberger and members of his family.
The company will apply for the listing of Its pref. stock upon the N. Y.
and Chicago stock exchanges.
Assets Jan.
1
1910, as per Consolidated Balance Sheet of Schwarzschild <9
Sulzberger Co.
[Fror# Balance sheet certified by Price, Waterhouse & Co., chartered acc'ts.]
Real estate, buildings and plant (Independent appraisal, after
deducting renewal and depreciation fund)
$9,654,216
Add’l N. Y. City real estate owned by
sub. co. (entire stk. owned) 1,263,259
Refrigerator and other RR. cars and other property of sub. cos.
(entire stock owned)..
1,870,991
Quick assets: Merchandise, $8,242,062; acc’ts and bills receiv¬
able, $3,409,796; cash, $3,207,623
14,859,481
Insurance, Interest and discounts prepaid, and miscell. invests.
346,997
Total assets (without incl. any allowance for good-will, &c.) .$27,994,935
Outstanding indebtedness Jan. 1 1910 (In case proceeds of present sale of pre¬
ferred stock were applied to reduction of bills payable).
Current accounts
$1,108,417
Bills payable (about equaled by cash in bank, $3,207,623)
1
3,200,157
Ten-year debentures (incl. $206,000 acquired by
co. since Jan. 1 1910)
5,401,000
$9,709,574
Net assets behind the $8,720,000 pref. stock now out
$18,285,361
The company’s packing plants are unencumbered, and the same is true
of Its property and that of its subsidiary companies excepting for $105,009
of lease warrants covering a small amount of railroad equipment, and un¬
matured real estate mortgages aggregating $169,500.
It has no funded
debt, other than its 6% 10-year debentures of the Schwarzschild & Sulz¬
berger Co. maturing June 1 1916, of which $5,195,000 are now outstanding
(see offerings in V. 83, p. 498; V. 84, p. 394; V. 88, p. 1563).
The quick
assets are readily convertible into cash.
A sufficient reserve for bad debts
has been deducted from the item of accounts and bills receivable, and on
the average the merchandise is converted Into cash in less than a month.
Description
of Business—Established
in
1853.
Sulzberger & Sons Co. is one of the four largest packing companies I*
the United States.
The present property is very largely the result of ac¬
cumulated profits, the company having pursued for many years the policy
of keeping its earnings in the business rather than of paying dividends to
stockholders.
It has large packing plants of the most approved type in
New York, Chicago and Kansas City, and is erecting another large paoking
plant at Oklahoma City.
Its plant in N. Y. City occupies two city blocks
owned in fee (except in the case of a portion of the water front, which la
under lease), bounded by First Av., 45th and 47th streets and East River.
Its present plants have a combined capacity, of 100,000 cattle, sheep and
hogs per week, and its gross business is about $100,000,000 per annum.
It has (either directly or through subsidiary companies all of whose stock
It holds) 112 distributing plants, by means of which and of its refrigeratorcar service it distributes its product to over 850 cities and towns in th*
Deo. 24
THE CHRONICLE
1910.]
Umlted States.
It does an important export business, having branches and
agencies in many of the cities of Great Britain and Europe.
It also owns
over 1.700 railroad cars, of which over 1,300 are refrigerator cars.
Profits of Schwarzschild A Sulzberger Co. for Three Years Prior to Jan. 11910.
[The net profits are shown after deducting interest on all indebtedness,
allowance having first been made for application of proceesd of present sale
of prelerred stock to the payment of bills payable; but before deducting
amount credited to depreciation and renewal fund.}
Total Gross Int. on Deb. Net Profits
Profits.
Period Covered—
A Other Int. as Above.
1007 (13 mos. end. Jan. 31 1908)
$1,734,136
$585,247 $1,148,889
1908 (11 mos. end. Dec. 31 1908)
2,328,194
498,144
1,830,050
1909 (12 mos. end. Dec. 31 1909)
2,679,056
2,160,846
518,210
Yearly average
The amounts carried
tion and renewal fund
'
$2,247,129
$533,867
$1,713,262
from the net profits as stated above to the deprecia¬
during the last three years (exclusive of actual ex¬
penditures for maintenance) aggregated $1,011,464.
The operation of the new packing plant at Oklahoma City should result
n a material Increase in profits.—V. 90, p.1048, 981.
(T.H.) Symington Co., Baltimore.—New Preferred Stock.—
This company, manufacturer of railroad specialties, recently
offered to its stockholders $500,000 of a total authorized issue
of $2,500,000 8% pref. stock, of which $1,000,000 had al¬
ready been sold at par for cash and $1,000,000 reserved for
bond conversion.
The proceeds will be used for improvements to the plant at Rochester,
N. Y., and for additional working capital.
The plan to issue $1,000,000
7% cum. pref. stock and $300,000 1st M. 6s, dated 1909 and due 1924,
■eems to have been superseded, the only pref. shares at present being the
8% issue above described; while the bonds out are $900,000 1st M. converti¬
ble 6% gold bonds dated July 1 1910, due July 1 1920.
The common
•took is $1,000,000.
Compare V. 89, p. 477, V. 88, p. 882.
1715
the large consuming markets of Philadelphia and surrounding territory,
Central and Southern N. J. and Del.oControls practically all of the knows
available deposits of magnesium limestone in this territory; and manu¬
factures and sells approximately 60% of the lime and lime products con¬
sumed therein, the amount steadily Increasing.
Products have been used
on the Washington Terminal. N. Y. Central Terminal, Penn. RR. Termi¬
nal, Manhattan & Hudson Terminal and Metropolitan Life Building, N. Y.
The company’s limestone deposits above natural drainage are sufficient
at the present rate of operation to last practically 300 years.
An engineer
has valued these properties at $1,048,967.
The co.’s real estate in Wil¬
mington consists of several blocks on the water front and in heart of the city,
Its principal wharf properties connecting with all the principal railroads.
Philadelphia it leases, with option to buy, wharf and storage property
Schuylkill River, and owns wharf No. 9 at foot of Walnut St. These
real estate properties, plants and equipment have been valued at $868,881.
Floating equipment: One sand-dredging and washing machine; 10 large
sand barges, one tugboat and a half Interest in another tugboat.
Also has
a large stock Interest In Security Cement & Lime Co. (V. 89, p. 1416), in
Garrett County Coal & Mining Co. and the Diamond Ice Co., whose products
it markets on a profitable basis.
Properties of Charles Warner Co., Valued at $1,493,198 over Real Est. Mtges
Lime properties and plants ($840,767) and floating equip. ($53,300) $894,067
Real est., plants and equip, in Wilmington and Philadelphia
599,131
Total does not Include the company’s Investments In other corporations.
The company has no bonded debt and none can be created without ths
consent of 75% of the first pref. stock outstanding.
Earnings for Calendar Years as Certified by Chartered Accountants.
1909.
1908.
I
1909.
1908.
Gross profit
$350,166 $316,8621 Int. and extraor.. $66,670 $71,467
Net(after taxes,&c) 209,464
189,293(Surplus for dlvs__ 142,794 117,806
Earnings during the panic year 1908 were equivalent to 17% and during
1909 to 21% on the first pref. stock now to be Issued.
The earnings from
limestone products alone have, for the last four years, averaged sufficient
to pay the dividend on the present issue of first pref. twice over.
The first
pref. stock Is issued to pay floating debt, furnish additional working capital
for the increasing business and for other corporate purposes.
The first
In
on
stockholders elect four of the ten directors. The entire Warner
Copper Co.—Dividends Resumed.—A dividend, pref.
family interest is represented by 2d pref. and common stock.
6% ($1 50) has been declared on the $5,000,000 stock,
Welsbach Co.—Initial Preferred Dividend.—A semi-annual
payable Jan. 26 1911 to holders of record on Jan. 10 1911, dividend of 3J^% has been declared on the $1,225,000 new
a distribution of 5% ($1 25) having been made on Dec. 23 ’09.
7% cumulative preferred stock, payable Dec. 31 to holders
Previous Dividend Record (Per Cent).
of record Dec. 28.—V. 91, p. 721.
July ‘03. Jan.'OA. Jan.’05. July '06. Jan.’07. Aug.'07, Feb.'Q8. Sept.’08. Dec.’09.
5%
5%
5%
5%
5%
8%
5%
5%
5%
Western Union Telegraph Co.—Reported Guaranty Arrange¬
Torrington (Conn.) Company.—Stock Dividends.—The ment.—See Anglo-American Telegraph Co. above.—Y. 91,
notice of the meeting called for Dec. 27 to increase the
p. 1636, 1451.
common stock from $2,000,000 to $2,200,000 gives substan¬
Westinghouse Machine Co.—Meeting Adjourned.—The
tially the following information, which confirms the report
special
meeting of the stockholders to consider an increase in
that a 10% stock distribution is contemplated:
tne indebtedness of the company and for other purposes has
It Is proposed to purchase from the Excelsior Needle Co. the Metallbeen adjourned to Dec. 29.—V. 91, p. 1636, 1518.
waaren Gesellschaft m.b.H. for $200,000, and to pay for the same by the
issue to the Excelsior Needle Co. of the new capital stock amounting at par
Whitney Co., North Carolina.—Sale Confirmed.—Judge
to $200,000.
As the investment of the Excelsior Needle Co. in the Metallwaaren Gesellschaft m.b.H. represents accumulated earnings, the Excelsior
Pritchard on Dec. 17 entered a decree for the Circuit Court
Needle Co. proposes to declare a dividend of the stock received In payment
of the Western District of North Carolina confirming the
for its Interest in the German company, and It will, when received by the
Torrington Co., be distributed as an additional dividend among the com¬
foreclosure sale of the partially completed hydro-electric
mon stockholders of the Torrington Co.—V. 91, p. 1635, 965.
plant and other property to the reorganization committee for
Union Ferry Co., New York.—City Asked to Purchase.—
$490,250. See plan in V. 91, p. 1636.
The company, which operates 5 lines between New York and
Worcester (Mass.) Electric Light Co.—Increase of Stock
Brooklyn, this week notified the Sinking Fund Commission
Approved.—The
Massachusetts Gas & Electric Light Com¬
that it may soon be compelled to go out of business and re¬
missioners have approved the issue at $200 per share of
quested the city to take over its property. The letter says:
$200,000 additional capital stock, the proceeds to be used
“The city must face the problem of either discontinuing the ferries, with
for the construction of a new power plant and modifications
the resultant damage to property, or taking them over and running them
as a municipal enterprise.
Anything short of sale to the city would be a
of the distributing system.—V. 89, p. 1071.
temporary makeshift.
We believe that the city should make an offer of a
Tennessee
of
fair price to the company and then operate the ferries.”
The passenger
traffic, it is stated, experienced a daily falling off between
Nov. 1 1909 and May 1 1910.—V. 90, p. 114.
Union Switch & Signal Co.,
Swissvale, Pa.—Subscription
Rights.—Stockholders of record Dec. 31 are offered the right
to subscribe for $500,000 new stock to the extent of one-fifth
of their holdings of both pref. and common stock, at $75 per
$50 share, payable $25 each on or before Jan. 10, March 10
and May 10 1911, or optionally in full at any time before
May 10 1911 except when the stock transfer books are closed.
No stock shall participate in dividends until paid for in
surrender of any receipts issued for the installments of the
paid thereon.—Compare V. 91, p. 1635, 1333.
full and until
purchase price
United States Playing Card Co.,
Dividend Rate Increased from 8% to
Cincinnati and N. Y.—
9%.—The directors on
Dec. 10 declared a quarterly dividend of 2)^% on the $3,600,000 stock, payable Jan. 1 to holders of record Dec.(?.)
This increases the annual rate from 8%, established Jan. 1
1905, to 9%. John Omwake is Pres, (also Pres, of U.S.
Printing Co.) N. Y. office, 685 Broadway.—V. 79, p. 2090.
Utica (N. Y.) Gas & Electric Co.—Bonds.—The company is
seeking authority to issue $500,000 of the $5,000,000 refund¬
ing and extension mtge. 5s; amount now out, $2,000,000
(V. 86, p. 726).—V. 87, p. 541.
(Charles) Warner Co., Wilmington, Del.—New Stock.—
This Delaware corporation, engaged chiefly in manufacturing
and selling lime and limestone products, increased in July
last its capital stock from $5,000,000 to $7,000,000.
First Pref. Offered.—J. S. Wilson Jr. & Co., Baltimore,
Henry & West, of Philadelphia, and F. D. Lackey & Co., of
Wilmington, Del., recently offered $570,000 of 1st pref. cumu¬
lative 7% stock, preferred both as to assets and dividends.
Par $100.
Dividends payable Q.-J. Convertible into com¬
mon stock at par at holder’s option, and redeemable, all or
part, at option of the company, at any dividend period upon
30 days’ notice at 110 and accrued div. A circular shows:
Capital Stock—
Authorized.
First pref. ($567,600 reserved for future needs)
$1,250,000
Second preferred
750,000
Common ($2,000,000 held for conv. of 1st & 2d pref.) 5,000,000
All legal matters pertaining to this issue of pref. stock have
Outstand’g.
$682,400
494,300
1,824,500
been passed
by John G. Johnson, of Philadelphia; William Hllles, of Wilmington,
Del., and Carey, Piper & Hall, of Baltimore.
Abstract of Letter from Pres. A. D. Warner, Wilmington, Del., June 25 ’10.
Organized under laws of Del. in 1885; enlarged In 1908 to consolidate the
numerous allied Interests.
The business, always under Warner family
management, was established in 1774.
Manufactures and sells lime and
limestone-products, cement, plaster and sand, shipping on the average 125
carloads of material each 24 hours, amounting to over 8,000 tons a day.
The sales organization actively covers the section from Virginia to Maine,
east of the Allegheny Mts. Principal offices, Wilmington, Phlla., N. Y.
Gross sales for the past year $2,092,542. iU'
and Boston.
1
near Malvern, Pa.; * “Catanacn,”
Principal plants: “Cedar Hollow,
upon
adjoining Cedar Hollow; “McCoy," near Bridgeport, Pa., and “Cox,” near
Plymouth Meeting, Pa , all in the magnesium lime belt of the Chester and
Plymouth valleys in Eastern Pennsylvania and so located as to control
—A. L. Ober and Jed H. Flanagan announce their asso¬
ciation in the firm of Ober, Flanagan & Co., investment
bankers, with offices at 427 First National Bank Building,
Chicago. They will deal in real estate mortgages and
municipal, public utility and high-grade railroad and traction
bonds.
Mr. Ober is a well-known Minnesota capitalist who
controls a chain of State and national banks in that State
and North Dakota.
He is President of the Ober-Kingsbury
Grain Co., with 19 elevators, and President, also, of the
Minnesota Fire Insurance Co.
Mr. Flanagan has three
years’ experience in charge of the bond department of
Butler & Swords, Chicago and Indiana.
—A “Daily Digest Service” of current financial news was
recently established by the Moody Manual Co., New York,
and, we are informed, is already a success. The digest
is furnished on a sheet 8)4x21 finches, which for the issue
dated Dec. 10 contains references to matters of interest per¬
taining to some 93 railroad and other corporations, in con¬
nection, in most cases, with the name, issue and page of the
financial newspaper in which fuller particulars are given.
—Ussing, Scoville & Co., bond dealers of Pittsburgh, have
opened a Philadelphia office in the Real Estate Trust Bldg,
under the direction of Messrs. Halstead Rhodes and Charles
H. Le Maistre, who have been admitted to an interest in
the Philadelphia business.
Messrs. Rhodes and Le Maistre
formerly connected with the Philadelphia office of the
Mason, Lewis & Co. of Chicago and Boston.
—The firm of H. K. Taylor & Co. of Hartford, which
started business Jan. 1 1905, has been dissolved; a new firm
were
late firm of
has been formed under the same name and includes Harry
K. Taylor and James N. H. Campbell.
The firm will con¬
tinue to deal in Government, municipal, railroad and other
high-grade investment securities and to transact stock orders
the large markets which it will reach by private wire.
—Kean, Taylor & Co. are offering to investors Chicago <fe
North Western gen. M. 4s, 1987, yielding about 4.05%;
Long Island RR., Stewart Line 4s, 1932, yielding about
4.40%; Colorado & Southern Ry. ref. 4)^s, 1935, yielding
about 4.70%; Erie RR. prior lien 4s, 1996, yielding about
4.75%; Chicago Great Western 1st 4s, 1959, yielding 4.75%;
Lackawanna Steel conv. deb. 5s, 1915, yielding about 7.25%.
on
See advertisement.
—Walter E. Haskin has resigned
of the Chicago office of Plympton,
his position as Manager
Gardiner & Co., and C.
Edgar Finney has been appointed his successor.^Mr. Finney
was for several years Chicago Manager for Goldman, Sachs
& Co.’s office, 205 La SalleJSt.^
1716
THE CHRONICLE
(jVOL.
©umromiaI ^inues.
COTTON.
Friday Night, Dec. 23 1910.
as indicated
by our
COMMERCIAL EPITOME.
Friday Night, Dec. 23 1910.
a
THE MOVEMENT OF THE CROP
Trade continues to adhere closely to conservative methods,
fact which is clearly revealed by the weekly
reports of bank
exchanges.
“Look before j^ou leap” is the motto every¬
very particular sense.
The easy rates for money
themselves appear to indicate diminished general trade. A
hopeful feature is the large exports, revealed partly in some
decline in rates for foreign exchange to which cotton exports
have notably contributed.
LARD on the spot has advanced under the stimulus of a
smaller movement of live hogs to market than had been ex¬
where in
a
pected,
a rise at times in live-hog quotations, an advance in
the market for lard futures and light offerings of
product.
Trade: has been quiet.
Prime Western 11.15c., Middle
Western 11.05c. and City steam 10^@10MCRefined lard
telegrams from the South to-night is given below. For the
ending this evening, the total receipts have reached
361,069 bales, against 417,201 bales last week and 400,593
bales the previous week, making the total
receipts since
Sept. 1 1910 5,694,904 bales, against 4,899,482 bales
for the same period of
1909, showing an increase since Sept. 1
1910 of 796,412 bales.
week
Recipts
at—
Galveston
Port Arthur
Texas City, &c__
New Orleans
__
Newp’t News, &c
in
moderate demand.
11.00c.
11.00c. May
11.00c. June
11.00c. July
March
SUGAR.—Raw
April
nas
10.95c.
10.89c.
10.84c.
__10.78o.
been
_10.71c.
10.64c.
10.54c.
10.52c.
October
N o vember
extra.
Naphtha has been fairly active and steady; 73@76
degrees in 100-gallon drums 1624c.; drums $8 50 extra.
Spirits of turpentine has been quiet but firmer at 79 34 @80c.
Rosin has been quiet and firm; common to good strained
23,613
31,056
2,215
1,425
3,266
2,142
1,854
3,811
5,953
2,748
3,430
3,029
3,984
17
7,701
6,162
5,113
5,313
638
47
325
42
Baltimore
328
1,482
287
287
125
470
4,021
6,598
6,598
—
42,162
—
—
63,478
67;967
49,051
44,776
93,635 361,069
receipts, the total
to-night,compared with
1910.
1909.
Receipts to
Dec. 23.
This
week.
Since Sep
1 1910.
This
week.
1910.
1909.
215,934
222,813
248,480
8,489
62,691
167,078
196,133
6,913
43,378
122,818
21,741
40,925
22,428
30,229
15,439
39,283
270,340
1,806
12,432
3,824
142,938
5,919
14,170
3,050
361,069 5,694,904 208,499 4,898,482 1,123,077
849,870
Galveston
Port Arthur
Texas City, &c__
New Orleans
82,892 1,968,934
Gulfport
Mobile
6.000
95.194
24,996
76,629
198,434
878,798
81,268 1,716,851
6,927
68,527
987
24,534
33,523
668,610
7,981
10,104
165,285
11,021
89,980
1,553
27,731
27,709 1,084,532
2,480
189,159
7,277
182,200
8,489
10,869
15,443
Pensacola.
Jacksonville, &c_
967
Savannah
Brunswick
Charleston
58,955
5,500
13,576
_
Georgetown
Wilmington
Norfolk
176,874
58,463
15,683
1,063,293
160,091
239,218
42
698
25
709
23,613
31,056
321,242
416,824
2,784
3,756
20,419
65,660
7,659
14,994
263,380
2,241
356,349
9,083
3,003
4,687
35,254
50
25
627
...
N’port News, &c.
287
125
New York
Boston
Baltimore
4,021
6,598
Philadelphia
—
Total
Stock.
Since Sep
1 1909.
341
185
180
we
comparison may be made with other years,
give below the totals at leading ports for six seasons:
Receipts at—
1910.
Galveston
Pt. Arthur, &c.
New Orleans.
Mobile
Savannah
Brunswick
1909.
82.392
30,996
76,628
81,268
7,914
33,523
10,104
27,709
2,480
7,302
7,659
14,994
1908.
1907.
1906.
108,137
8,249
92,991
8,924
43,911
25,748
4,036
10,743
19,908
112,900
9,756
93,865
15,272
56,826
112,642
1,498
90,683
12.529
45,686
2,946
2,572
4,322
15,200
1905.
69,046
11,526
49,830
4,778
27,044
19,648
2,699
6,599
15,794
Norfolk
10,869
58,955
5,5(10
13.618
23.613
31.056
N’port N., &c
All others
287
341
150
296
568
27,154
738
15,205
28,939
3,917
9,550
8,561
361,069
208,499
351,736
349,925
298,196
216,263
Charleston, &c
Wilmington.
_
Total this wk_
Since Sept. 1
*
11,047
4,966
15,583
24,988
5,694,904 4,898,482 5,987,383 4,762,066 5,758,043 5,054,473
The
exports for the week ending this evening reach a total
281,278 bales, of which 153,821 were to Great Britain
25,893 to France and 101,564 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1910.
of
From Sept. 1 1910 to Dec. 23 1910.
Exported to—
Exported to—
Exports
from—
Great
ContlBritain. Fr’nce nerd.
Galveston
Port Arthur.
Texas City, &c.
New Orleans..
Mobile
Pensacola
.___
20,916
__
24',210
28,569
15)300
6,122
Great
Britain. France.
Total.
40.099 67,137
705,742
15,559
150,805
425,005
31,310
32,650
6,000
6,000
24,925
6,496 10,215 45,280
21,375 21,375
715
15,300^
Savannah
Brunswick....
Charleston
22',066
Wilmington
14,300 12,725
2’ 096
999
3,250
Philadelphia
Portland, Me..
2,030
155
6,390
3,906
4,249
2,185
2,887
2". 887
803
803
550
74,146
10.949
9,900
113,543 32,015
10,400
27,025
1,338
1,338
3,744
3,906
193.998
25,789
13,262
58,104
15,411
10,238
206)947 65)410
12,631 34,697
17,781
17,781
New York....
Boston
Baltimore
Total
j
723
52,973
In order that
175,264
65,976
10,217
30,321
50,423
3) 204
Conti¬
nent.
258,697
52,288
70.451
139,937
1,448
531)054
98,841
5,095
36.055
2,426
324", 528
30.50i
30)50i
18,854
6,439
18,854
6,439
126,434
91,300
285,495
11.848
‘
71,071
49,476
32.747
400
‘'"566
500
r.~-
Total.
595.459 1,495,199
53.846
95,194
9,450
173,517
140,973 624,082
35,296
82,017
15,675
58,563
400
Pembina
Detroit
and lower at 5.50@5.65c.
Tin has been more active and
firmer at 38.20c. for spot. , Iron has been
quiet and steady;
N<x. 1 Northern ill5 25@$I5 50, No. 2 Southern $15 25i
,
967
58,955
5,500
13,576
Portland, Ore.
1224@122£c.,
'
350
8,948
5,500
2,674
■
San Francisco
Seattle
Tacoma
Lead has
Spelter has been dull
active.
10,869
15,443
8,826
78
778
....
1234@12.60c., casting 1234@1224c.
more
1,809
15,443
10,526
Newport News
£ TOBACCO.—The market for domestic leaf has been quiet
and few look for any activity until after the turn of the
year,
when it is believed cigar manufacturers will feel more dis¬
posed to replenish supplies of leaf. Prices have been firm.
Sumatra and Havana have been quiet and firm.
Steeljias been easier, though
1,078
12,139
New York
Boston
..
been dull and steady at 4.45@4.55c.
82,392
6,000
24,996
76,629
10,330
1,211
6,214
Total.
11,135
6,000
13,385
14,023
8,166
Norfolk
$6 05.
electrolytic
1,152
Norfolk
Gulfport
Gasoline has been in good demand and
firm; 86 degrees in 100-gallon drums 18 %c.; drums $8 50
8.90c.
£ COPPER has fi>een quiet and
steady; lake
3,225
11,459
617
Week ending Dec. 23 1910.
Wool has been dull and firm.
PETROLEUM.—Trade has been of small proportions but
prices have ruled steady. Refined, barrels 7.40c., bulk 3.90c.
cases
1,398
25
quiet and somewhat easier.
Centrifugal, 96-degrees test, 3.9834c.; muscovado, 89-degrees
test, 3.4834c.; molasses, 89-degrees test, 3.2334c. Refined
has been quiet and steady.
Granulated 4.80c. Teas have
ruled firm, with a moderate demand for small lots.
Spices
have been quiet and steady.
Hops have been firm, though,
less active.«.
and
13,113
Georgetown
Wilmington
Mess
August
September
13,986
Fri.
786
last year:
larger than recently. Pickled hams, regular, 113^@14c.;
pickled bellies, clear, 143^@17>£c.; pickled ribs, 13^@
15J^c. Tallow has been dull and steady at 7J^c. for City.
Stearines have been quiet and firm; oleo 9J4@9j£tc. and lard
Butter has been quiet and easy; creamery extras
29@30c. Cheese has been dull and steady; State, whole
milk, colored, Sept., fancy, 1534c. Eggs have been quiet
and easier; Western firsts 34@35c.
OIL.—Linseed has declined with trade dull.
City, raw,
American seed, 90@91c.; boiled 91@92c.; Calcutta, raw.
$1.
Cottonseed has been irregular, with demand more
active; winter 7.75@8c.; summer white 7.30@7.65c. Cocoanut has been quiet and steady; Cochin
10^4@ 1034c.; Ceylon
9 34@924c.
Olive has been quiet and steady at 90@95c.
Corn has been less active and easier at 6.85@6.90c.
Lard
has been quiet and steady; prime
95c.@$1; No. 1 extra
65@70c. Cod has been in good demand and firm; domestic
53@55c.; Newfoundland 55@58c.
COFFEE on the spot has been easier, with small
jobbing
sales to the interior.
Rio No. 7, 1324@ 1334c.; Santos No. 4,
1324@13J4c. West India growths have been quiet and
generally steady; fair to good Cucuta 13 24 @ 13 2£c. The
speculation in future contracts has been less active, with a re¬
actionary tendency in prices at times, owing to liquidation
for local, outside and foreign account.
Also there has been
less disposition to buy after the sharp advance in
prices.
The sluggishness of the spot trade has also been a
factor,
making for a setback in quotations for futures. The foreign
markets have also shown depression at times
during the
week.
The “Brazilian Review” published a statement re¬
cently that the speculative position at Santos has become
dangerous, owing to overbuying.
December
11,131
Thurs.
The following shows the week’s total
since Sept. 1 1910, and the stocks
$14 50@$15;
packet $16@$16 50; family $17 50@$18 50, and extra India
mess $30.
Cut meats have ruled firm, with trade somewhat
January
February
10,612
1
Totals this^week.
the spot has been quiet and firm.
and
11,153
10,825
13,764
Savannah
Brunswick
Charleston
Mess $21 50
@$22, clear $20@$22 and family $23@$24 50. Beef has
been firm
Wed.
27,391
Philadelphia
_____
on
Tues.
10,618
2,207
There has been heavy cov¬
ering of shorts; also, packers have purchased, while the selling
has been in the main merely profit taking.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW YORK.
;
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
January delivery
.10.55
10.70
10.70
10.90
11.07
10.95
May delivery
10.30
10.40 ; 10.50
10.70
10.65
10.56
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO,
i
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
January delivery._____10.30
10.57
10.40
10.87^ 10.80
10.70
May deli very
^10.02^ 10.07^ 10.15^ 10.45
10.32
10.25
Mon.
Gulfport
has also advanced and sales have latterly increased some¬
what.
Continent 11.30c., South America 11.75c. and Brazil
in kegs 12.75c.
The speculation in lard futures here has been
dull, i At the West the trading has been active, with the
general drift of prices upward.
Sat.
10,636
Mobile
Pensacola
Jacksonville, &c.
PORK
LXXXXI.
.153,821 25,893101,564 28i,^/8
2.059.334J477.754 U572;i314|l<>9,21«
77.497 12.0991 43161 129.201
1.361,899'M2.97fitl.48ij.0i. 13.5351884
Total 1909..—
In addition to above exports, out
telegrams tor night also
giva us the fofOuing amounts of cotton on shipboard, not
cleared, at the ports named.We add similar figures for
New York.
*>!«
*.
;li!
j
•
.
.
!
‘"I
‘
.
...
•.
Dec. 24
Shipboard, Not Cleared Jor—
On
Dec. 23 at-
Ger¬
many.
Great
Britain. France
8,189
31,412
2,400
11,258
21,584
2,650
2,000
10,150
3,000
1,000
10,000
New Orleans.
Galveston
Savannah
Charleston.
Mobile
Norfolk
New York...
Other ports..
_.
17,427
22,881
3‘,666
Other
Coast-
Foreign
wise.
“200
l",206
Leaving
Total.
873
10,867
27,546
1,850
3,750
900
1,000
800
4,050
10,500
13,000
1,500
8,000
53,701
25,861
29,545
61,642
43,514
96,432
Total 1910.
Total 1909.
Total 1908.
55,558
62,333
69,549
41,763
29,889
55,712
FUTURES.—The highest, lowest and closing
New York the past week have been as follows:
Stock.
48,614
107,173
7,800
6,000
25,500
16,000
3,900
18,000
20,323 232,987
32,430 194,027
24,304 275,542
5?
o
199.866
108,561
188,333
37,378
37,191
14,229
266,440
37,892
QW?
o>
03
P
1
1
sale for
spot cotton at the South, the New York stock, for
some reason or other, continues
rapidly to increase, nearly
70,000 bales having been added to it thus far this month.
It is also an interesting question, which is receiving not a little
attention here, as to just what the purpose is of accumulating
this large quantity of cotton here.
The certificated supply
here now reaches 243,481 bales, as against 117,628 a year ago.
Speculation is light, most people are “long” and there is sup¬
posed to be little short interest except against actual cotton,
so that the technical speculative
position is not considered
especially strong. To-day the market was dull and easier.
Spot cotton here has been quiet. Middling upland closed
at 15.15c., showing no change for the week.
and off
middling, as established Nov. 16 1910
by the Revision Committee, at which grades other than
middling may be delive,ed on contract, are as follows:
Pair
Strict mid. fair
on
c.1.50 on
1.30 on
...
Middling fair
Middling
Basis
c.
Strict low. mid
0.25 off
1.10 on Low middling
0.60
0.66 on Strict good ord
1.05
0.44 on Good ordinary
1.75
0.22 on Strict g’d mid. tgd.0.35
Strict good mid
Good middling
Strict middling
Good mid. tinged.c
Even
Strict mid. tinged..0.15 off
off Middling tinged...0.25 off
off Strict low .mid.ting.0.60 off
off Low mid. tinged
1.50 off
on Middling stained.. .0.75 off
The official quotation for middling Upland cotton in the
New York market each day for the past week has been:
Dec. 17 to Dec. 23—
Middling uplands.
Sat.
.15.15
.
Mon.
Tues.
%ed.
Thurs.
Fri.
15.25
15.15
15.15
15.15
15.15
prices at
Oct.—
Feb.—
RClosing ange Closing Range sept.— Closing Range Augst— Closing Range July— Closing Range June— Closing Range May— Closing Range April— Closing Range March— Closing Range Closing Range Jan.— Closing Range Dec.—
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HAM
1
890,090
655,843
833,651
Speculation in cotton for future delivery has been of very
moderate volume and prices have shown little change.
The
latest report of the Census Bureau on ginning was issued
on the 20th and gave the quantity for the last period, that
is, from Dec. 1 to Dec. 13, as somewhat larger than had been
expected, i.e., 558,770 bales, against 481,199 from Dec. 1 to
Dec. 13 last year,895,608 foralike period in 1908,940,674 in
1907 and 1,084,921 for 1906.
The total thus far up to Dec.13
1910 is 10,698,482, against 9,358,085 last season, 11,904,269
for the same period in 1908-09 and 9,284,070 in 1907-08.
These figures caused a temporary setback, after which there
was a recovery.
Liverpool has bought here to some extent.
So have large spot houses and, according to the common
understanding, some of the spinners. Liverpool has cabled
very cheerful reports about the condition of trade across the
water, and spot sales in the English market have at times
reached as high as 12,000 bales.
Exports from this country
have been large, coincident with large receipts, and, accord¬
ing to some here, bankers express the opinion that a very
small percentage of the crop remains to be marketed.
Also
it is said that much of the foreign freight room at Galveston
has been engaged for about a month ahead.
The Arkwright
Club of Boston, whose membership is composed largely of
New England spinners, has just passed resolutions to the
effect that unless trade improves it will be necessary to cur¬
tail production early next year.
New England centres are
sending unfavorable reports about the condition of business.
From the conservative tone in general trade in this country,
it is inferred that the people at large are economizing, owing
to the continued high cost of living, and must continue to do
so for some time to come until the equilibrium disturbed by
a variety of causes in recent years is restored.
Also large
receipts of cotton continue to be noted at the Southern ports,
and, despite persistent statements that there is an excellent
1
1 1
1
The rates
1717
THE CHRONICLE
1910.]
1
1
©
8
©
THE VISIBLE SUPPLY OF COTTON to-night, as
made up by cable and telegraph, is as follows.
Foreign
stocks, as well as the afloat, are this week’s returns, and
consequently all foreign figures are brought down to Thurs¬
day evening. But to make the total the complete figures
for to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
December 23—
Stock at Liverpool
Stock at London
Stock at Manchester
1908.
1907.
882,000 1,014,000
6,000
7,000
64,000
70,000
769,000
10,000
44,000
777,000
16,000
54,000
952,000 1,091,000
3,000
4,000
233.000
244,000
175,000
470,000
3,000
2,000
8,000
8,000
33.000
58,000
1,000
823.000
1910.
bales.
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa.
Stock at Trieste
-
Total Continental stocks
454,000
1909.
14,000
368,000
224,000
3,000
30,000
788,000
847.000
16,000
285,000
172,000
4,000
42.000
4,000
17,000
18,000
25,000
685,000
537,000
Total European stocks
1,406,000 1,879,000 1,508,000 1,384,000
73,000
India cotton alloat for Europe
136,000
52,000
133,000
917,509
Amer. cotton afloat for Europe.
504,997 1,075,618
845,392
-
Egypt, Brazil, &c.,aflt.for Europe.
83,000
Stock in Alexandria, Egypt
277,000
Stock In Bombay, India
303,000
Stock in U. S. ports ....
1,123,077
Stock In U. S. interior towns
857.255
U. S. exports to-day
105,647
78,000
66,000
66,000
237,000
272,000
237.000
365,000
236,000
457,000
849,870 1,109,193 1,065,275
553,633
790,287
914,653
32,303
22,446
43,892
Total visible supply.
..5,133,371 4,942,600 5,277,358
Of the above, totals of American and other descriptions are as
4.705.720
follows:
American—
NEW YORK
QUOTATIONS FOR 32 YEARS.
The quotations for middling upland at New York on
Dec. 23 for each of the past 32 years have been as follows:
1910.c
1909
1908
1907
1906
1905
.15.15 1902_C^
.15.75 1901
9.30 1900,
-
.11.70 1899
.10.55 1898
.12.10 1897
1904______
1903.
.
—
.-..
...
...
—-
.
.
.
_
.13.60 1895
Ek
1886-C—.
9.44
1885
9.25
1884
...11.12
1883
...10.38
1882
10.31
1881
12.00
1880
-.11.94
1879
...12.50
.
7.60 1896__.
-
8.75 1894-C5.69
7.94
1893...
.10.31 1892-.- —9.88
7.56 1891
7.94
5.88 1890...
9.19
5.94 1889--.
10.25
7.12 1888.—
9.75
8.25 1887...
10.62
.
.
—
MARKET AND SALES AT NEW YORK.
The-total sales of cotton on the spot each day during the
week 4t New York are indicated in the following statement.
:
For the convenience of the reader we also add columns which
show
a glance how the market for spot and futures closed
on sarhe days.
:
■
;,
Spot Market
Closed.
i
.
—
Saturday.
__
Con¬
Con-
Closed.
Total.
—
f,390
4,300
-
400
n - -
U-.
4‘300:
1, 90
l",40Q ,! 1.400
.
6,700
6,700
te)
Total
1,390
~
mm
*m
~
756,000
504,997
1,123,077
849,870
105,647
111,000
l
—
6,000
14,000
32,000
133,000
Egypt, Brazil, &o., afloat
Total East India, &o
Total American
790,287
22,446
668,000
663,000
43,000
35,000
459.000
639,000
917,509
1,075,618
1.109.193 1,065,275
553,663
914.653
32,303
43,892
4,174,371 3,913,600 4,480,356 3.738,720
Total American
East Indian, Brazil, Ac.—
Stock In Alexandria, Egypt
Stock in Bombay, India
62,000
845,392
857,275
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
928,000
83,000
_
277,000
303.000
106,000
10,000
9,000
46,000
52,000
66,000
272,000
236.000
86,000
7,000
8,000
32,000
136,000
66,000
237,000
457,000
109.000
16,000
11,000
78,000
73,000
78,000
237,000
365,000
797,000
959,000 1,029,000
967,000
..4,174,371 3,913.600 4,480,356 3,738,720
Total visible supply
5,133,371 4,942,680 5,277,356 4,705,720
4.92d.
6.08d.
Middling Upland, Liverpool
8.16d.
, 8.26d.
9.30c.
11.80c.
Middling Upland, New York....
15.15c.
15.75e.
10 «d.
Egypt, Good Brown, Liverpool..
11 ^d. 14 l-16d. 8 13-16d.
7.80d.
11.75d.
Peruvian, Rough Good, Liverpool ll.OOd.
9.50d.
4
ll-16d. 5 ll-16d.
Broach, Fine, Liverpool-...---.7 ll-16d.
7}*d.
6Hd.
Tlnnevelly, Good, Liverpool
7 Hd. '7 t-16d. 4 ll-16d.
Hid.
\
J
■
-VU. V V;,
■
Continental imports for the past week hfitve been. 190,000
'
bales. ;i^-:: ' v'•
tow*. : bw
The above figures for 1910 show an: increase over last week
-
■
<
-4 —
.
1
50,000
422,000
Continental stock
American afloat for Europe.
U, S. port stocks
U. S. Interior stocks
U. S. exports to-day
—
Steady.
Monday
Quiet, 10 pts. adv_. Very, steady.
Tuesday
Steady
Wednesday
Barely steady
Thursday
Steady,
Friday.
Steady
_
Sales of Spot and Contract.
Spot. sum’n. tract.
j
Quiet.
Futures
Market
bales. 771,000
Manchester stock
—
**
1
Liverpool stock
12.800 14.190
of
199,893 bales, a gain of 190,771 bates :over 1909, a de¬
of 143,985 bales from 1908, and a gain of' 427*051
crease
bales
over
1907.
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Stocks
2D1e9c4m0br.
250
895
388
Ship- ments. Week.
769
880
225
175
455
641
4,250 2,767 3;108 2,500 4,049 7,000 3,310 1,892 3,893 1,794 1,105 2,90 1,791 1,43 2,387 14,974 3,528
23,079
350 266 556
1,093
New
(
Motveomnt Rec ipts. Week.
800
266
469
125
459
507
4,737 2,326 6,286 4,019 4,348 12,0 0 2,475 1,096 1,672 2,5 5 1,639 1,613 3,0 0 3,921 1,53 1,623 15,837 4,356
512
768 175 230 775 182
O
159,128
Stocks Dec. 23. 4,140 34,715 12,094 16,132 49,896 1.30 20,418 17,175 95,843 25,150 7,423 5,72 27.49 6,450 26,756 2 .50 25,280 3,639 18,476 18,93 21,316 17,6 3 3.300 219,893 1,879 3,0443,4106,500 1,947 13 , 23 6,674
857,25
465
300
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250
536
5.87C 1,343 5,801 1,804
150
51,508 42,910 35,747 4,235 86,275 27,371 51,0 6 72,749 68,248 10,492 32,965 43,905 8,097
698
500
897
356
565
715
100 399 994
36,301
105,307 12, 40 62 ,72
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Eufa l ,Montgmery, Hock,Albany, Atlanta,Aug sta,Columbs, Louisvle,Shrevpot,Clumbs,Grenvile,Grenwod,Meridan,Natchez,Vicksburg,City,Louis,Raleigh,Cinc ati,Grenwod,Memphis,Nashvile,Br nham,Clarksvile; Grove,Houston, towns.
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2 to
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South
p
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600
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3,0 0 1,174 69, 89 5,318
2,712 8,124 35,842 69, 0 31, 29
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>,286 1,415 5,506 >,852 1,702 >,0 0 >,675 5,9 5 5,276 >,109 [,032 >,758 158 194 981 5,50 ,13 >,546 >,269
\373 >,127
Alab ma Arkans Georgia
«•
Towns.
730
4,636 5,6 4 1,827 9,194 6,058 9,5 5 10,313 2,135 1,641 1,626 3,851 1,919 3,040 4,0 0 3,868 1,010 1,718 23,730 9,720
16, 73 109,860 80,270 4 ,489 160, 9 21,526 85,73 147,253 27 ,367
Mtoveomnt Recipts. Week.
803
vi\
0
Memp
cn
500
**1
MSs®g3B-;:£gH1t13“i*1Q 1It1111 K K 4a-cnft.iP YHk* hkKM vu\i Ift* HkMK >Hi-* hmk ftacne*.^uri «K^SI ft* mk ^H* ch*n ft*
Baltin
Philac
Augus
St.
0
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3,65 70
52,645 1,915
24,264
&
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50
0
Wllml
Season. 16,297 102,957 8 ,7 7 4 ,1 7 125,971 23,139 92,010 106,40 309, 08 47,238 50,205 31,850 5,454 74,1 0 23,7 8 51, 68 62,625 49,571 12, 56 3 ,864 32,387 236,8 9 10,984 58,905 21, 07 53 ,823 10,242 6,836 2 ,392 49,4 3 20,286 1,239170 71,507
1
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108,219 790,287
52, 69 2,531 147,46
211
§
2
Galve
23, 86 6,109 25,291 2 ,90 20,459 8,528 18,4 6 17,548 42,154 9,9 5 2,658 1,54 1,17 2,374 3,545 1,203 3,238
209. 39
3
H
5:
Mobil.
537
&
to
Charl<
4,280 25, 20 6,357 2 ,0 0 54,6 3 1,0 0 27,682 21,418 71,251 17,039 3,359 6,218
a
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Dec. 24.
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Dec. 24
THE CHRONICLE
1910.]
reaching twenty-two hundredths of an inch. The ther¬
mometer has averaged 36, the highest being 49 and the
lowest 18.
night of the week,
twenty-six hundredths.
Helena, Arkansas.—It has rained all one
the precipitation being one inch and
There are indications of more rain.
Average thermometer
42.7, highest 55, lowest 20.
Memphis, Tennessee.—The week’s rainfall has been three
an inch, on one day.
The thermometes has
averaged 42, ranging from 25 to 57.
hundredths of
TAKINGS OF COTTON.
WORLD’S SUPPLY AND
Week.
—
_ _
—
Season.
1,931,022
6,911,795
848,000
70,000
528,000
107,000
308,848
139,000
2,000
29,000
10,000
5,540,221 10,623,076 5,323,706 10,395,817
Total supply
Deduct—
Visible supply Dec.
5,133,371
23.
Total takings to Dec. 23
Of which American
Of which other
406.850
364.850
42,000
—
Embraces receipts in Europe
Total bales.
NEW YORK—To Liverpool—Dec. 16—Arabic, 2,687 upland, 50
Sea Island
2,737
To Hull—Dec. 21—Toronto, 1,007
1,007
To Havre—Dec. 17—Burnholme, 550
550
To Bremen—Dec. 21—Rhein, 120
120
To Antwerp—Dec. 20—Samland, 1,976
1,976
GALVESTON—To Liverpool—Dec. 22—Rowanmore, 20,916
20,916
To Havre—Dec. 17—St. George, 6,122
6,122
To Bremen—Dec. 16—Cassel, 9,774. _-Dec. 21—St. Quentin,
10,248
4,834,858
1,495,514
7,741,562
542,000
67,000
672,000
105,000
476,743
86,000
4,000
32,000
8,000
Dec. 23
Bombay receipts to Dec. 22
Other India ship’ts to Dec. 22__
Alexandria receipts to Dec. 21
Other supply to Dec. 21*
___
American in sight to
•
Week.
Season.
4,933,478
supply UfiR. 16
Vfsihlft
SHIPPING NEWS.—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 281,278 bales.
The shipments in detail, as made
up from mail and telegraphic returns, are as follows:
5,133,371 4,942,600
4,942,600
5.489.705
4.360.705
1,129,000
5.453.217
4.452.217
1,001,000
381.106
250.106
131,000
from Brazil. Smyrna, West Indies. &c.
23—Brynton,
Sept. 1.
371,000
65,000
848,000
Great
Britain.
Conti¬ Japan
Great
Britain. nent. ACMna Total.
Conti¬
Japan
nent.
& China.
Total.
6,600
SAVANNAH—To Liverpool—Dec. 17—Lorca,
1910
1909....
1908....
Calcutta—
1910
1909....
1908....
3,000
2,000
13.000 14,000 30,000
10,000 35,000 47.000
8,000 22,000 30,000
110,000
186,000
109,000
330,000
350,000
236,000
5,000
9,000
11,000
12,000
7,000
11,000
27,000
9,000
4,000
7,000
1,000
2,000
14.000
9,000
12,000
9,000
11,000
2.000
211.000
153,000
125,000
2,000
2,000
4,000
5,000
4,000
3,000
•
'
:
_
_
.
_
_
_
...
i,oo6
i,6oo
Madras—
1,000
1,000
1910
1909....
1908-...
All others—
1910....
1909
1908....
_
3,000
2,000
Total all—
1910....
1909....
1908....
4,000
4,000
....
3,000
2,000
2,000
...
2,666
....
_
M
....
----
.
16,000 11,000 34,000
10,000 35,000 49,000
11,000 22,000 33,000
12,000
14,000
5,000
33,000
35,000
57,000
1,000
1,000
5,000
46,000
50,000
28,000
31,000
14,000
258,000
201,000
200,000
111,000
188,000
128,000
397,000
420,000
342,000
ALEXANDRIA RECEIPTS
67.000
AND SHIPMENTS.
Alexandria, Egypt,
..
1908.
240,000
5.039,031
270,000
3,959,502
330,000
3,903,920
Since
Exports (bales)—
Since
This
Week. Sept. 1.
1.
This
Since
Week. Sept. 1.
To Liverpool
To Manchester
To Continent
To America
6,750 119,551
14,250 114,829
8,250 147,486
8,000 50,798
7.000 82,469
7,500 71,310
12,000 136,569
4,000 36,882
9,000 80,061
8,000 73,436
9,000 109,438
3,500 23,133
37,250 432,664
30,500 327,230 29,500 286,068
This
Week. Sept.
Note.—A cantar is 99 lbs.
Egyptian bales weigh about 750 lbs.
MANCHESTER MARKET.—Our report received
by cable
to-night from Manchester states that the market is firm for
boih yarns and shirtings. The demand fsr both India and
China is improving.* We give the prices for to-day below
and leave those for previous weeks of this and last year for
'Comparison:
1909.
1910.
8* lbs. Shirtings, common
to finest.
32s Cop
Twist.
d.
d.
s.
d.
s.
d.
Cot’n
Mid.
32s Con
Twist.
Upl’s
d.
d.
Nov
4
10i3is @
11 10l*16 @
18 11
@
25 11**
@
Dec.
2 11 3-16®
9
16
23
113-16@
ii
a
11H
@
@
11** 5
11* 5
11* 5
5
12
12* 5
12* 5
12* 5
12* 5
6
@10 7*
7
@10 9
7
@10 10
7 *@10 10l2
@10 11
@11 0
8*@>11 l*
8
8
9
@11 3
7.81
8.00
7.85
8.10
s.
d.
11* 5
11* 5
11* 5
6
6
6
5
d.
10*
10*
10*
10*
8.06 10*
7 95 10 u
8.11 10*
8.16 10*
®
@
@
@
11
5
@
11
@
11* 5
11* 5
11* 5
@
@
5
s.
d.
Cot’n
Mid.
d.
7.59
7.72
7.72
7.62
5*@9 11
@10 0
7.72
7.94
8.03
8.26
6
6
6
@10 0
@10 0
EGYPTIAN COTTON CROP.—The resume of the Alex¬
andria General Produce Association’s report on cotton for
November is as follows:
Lower Egypt.—The temperature during November was quite favorable.
The third pickings, which are of small Importance, have benefited, too, by
There now remains no more cotton on the plants In the
these conditions.
southern provinces and only & very insignificant quantity In the northern
provinces. The ginning Jleld has been rather inferior to that of the pre¬
vious month, but the average for the season is estimated about 2% superior
to that
of last year.
Upper Egypt and Fayoum.—The temperature was, on the whole, favor¬
The ginaing yield has been on an average the same as last year.
able.
The good results that were hoped for in October have been realized, and
this leadf us to maintain our estimate of about 7,000,000 cantars; at the
same time we express an opinion that final results may be slightly larger.
8,712
3,808
8,863
3,695
73
17,781
14,300
12,725
1,338
3,906
999
3,250
2,030
155
Hamburg—Dec. 19—Barcelona, 155
803,
2,887
.281,278
Total
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stoeks, &c., at that port:
Dec. 2.
Dec. 9.
Dec. 16.
47,000
1,000
1,000
42,000
Sales, American
Actual export
6,000
.104,000
Forwarded
Total stock—Estimated
639,000
Of which American
551,000
Total imports of the week— .110,000
Of which American
87,000
Amount afloat.
.504,000
Of which American
.412,000
61,000
1,000
2,000
53,000
3,000
80,000
706,000
603,000
149,000
115,000
576,000
456,000
51,000
3,000
2,000
45,000
11,000
106,000
761,000
650,000
172,000
135,000
610,000
519,000
Sales of the week
bales
Of which speculators took.
Of which exporters took
.
.
_
.
_
_
Saturday.
Spot.
Market,
-
Dec. 23.
52,000
1,400
700
48,000
14,000
90,000
882,000
771,000
223,000
191,000
471,000
396,000
for spots and futures
daily closing prices of
*
J
Sales
Wednesday. Thursday.
Futures.
Market
\
Friday.
Fair
Good
demand.
Good
demand.
Good
demand.
Quieter.
business.
Quiet.
doing.
8.09
8.14
8.12
8.17
8.16
8.16
12,000
12,000
1,000
7,000
12,000
500
8,000
1,000
7,000
500
500
Spec.&exp.
Quiet at
1@2 pts.
Steady at
3@4 pts.
advance.
opened
J
decline.
Market
)
*
j
Quiet at
*@1*
pts. adv.
4
P. M.
Tuesday.
Monday.
l!
12:15
P. M.
Steady,
unchanged.
Irregular at
1@4 pts.
Quiet at
1 point
decline.
decline.
Quiet,
Steady at Steady at
4@5* pts. * pt.dec.to unch. to
2
2
pts.
dec.
adv.
pts.
pts. adv.
Quiet at
*@1*
pts. dec.
700
Quiet,
unchanged.
Steady at
1@1* pts.
pts. adv.
prices of futures at Liverpool for each day are given
Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
The
below.
The prices are
Dec. 23.
December
Dec .-Jan.
Jan.-Feb.
Feb.-Mch.
Mch.-Apr.
Apr .-May.
May-June
June-July
July-Aug.
Aug.-Sep.
Sep .-Oct
_
Oo*t.-Nov
given in pence and 100ths.
Sat.
Upl’s
11
11
11
10
@9
@9
@9
@9
13,354
Dec. 22—
SEATTLE—To Japan—Dec. 19—Minnesota, 666
Dec. 20—
Tamba Maru, 137
SAN FRANCISCO—To Japan—Dec. 20—Chiyo Maru, 2,887.
Dec. 17
8* lbs. Shirtings. common
to finest.
15,300
BRUNSWICK—To Liverpool—Dec. 19—Toftwood. 8,572...Dec.
23—George Fleming, 9,209
WILMINGTON—To Liverpool—Dec. 17—Polamhall, 14,300
To Havre—Dec. 22—St. Jerome, 12,725
NORFOLK—To Hamburg—Dec. 16—Barcelona, 1,338
BOSTON—To Liverpool—Dec. 20—Bohemian, 3,906
BALTIMORE—To Liverpool—Dec. 16—Ulstermore, 999__
To Bremen—Dec. 16—Main, 3,250
PHILADELPHIA—To Manchester—Dec. 17—Manchester Corpo¬
ration, 2,030
Mid. Upl’ds
Total exports
21,375
spot cotton have been as follows:
1909.
Receipts (cantars) —
This week
Since Sept. 1
1,215
2,500
10,854___Dec. 22—
20—Westhampton, 4,904
The tone of the Liverpool market
each day of the past week and the
1910.
December 21.
6,500
To Bremen—Dec. 22—Urko Mendi, 8,863
To Hamburg—Dec. 17—Auchencrag, 3,695
To Rotterdam—Dec. 22—Voorburg, 73
To
Bombay—
9,000
2,779
590
6,496
8,855
Dec. 17—
Dec. 19—Auchenbiae, 9,525
Cayo Soto, 2,995
PENSACOLA—To Liverpool—Dec. 23—Barbadian, 8,700; Gracia,
To Manchester—Dec.
Since September 1.
For the Week.
Exports
from—
Week.
715
16,200
Voorburg, 2,500
Since
Sept. 1.
542,000 139,000
86,000
Bombay
Week.
Sept. 1.
Week.
24,2f0
13,385
tonian, 26
To Barcelona—Dec. 21—Pio IX, 2,500
MOBILE—To Bremen—Dec. 16—Bedeburn,
1908.
Since
Since
Receipts at—
950
To Vera Cruz—Dec. 21—City of Tampico, 715
NEW ORLEANS—To Liverpool—Dec. 23—Californian, 16,200..
To Manchester—Dec. 22—Manchester Engineer, 9,000
To Belfast—Dec. 17—Ramore Head, 2,779
To London—Dec. 23—Kingstonian, 590.
To Havre—Dec. 21—Mexico, 6,496
To Bremen—Dec. 21—Cayo Soto, 6,500
To Antwerp—Dec. 19—Devonshire, 1,189 — Deo. 23—Kings¬
Voorburg,
1909.
1910.
2,422
2,672
Dec. 21—Sicania,
8,645
14,033
PORT ARTHUR—To Bremen—Dec. 23—Malvern Range, 6,000-.
6,000
TEXAS CITY—To Liverpool—Dec. 17—Musician, 10,825
Dec.
INDIA COTTON MOVEMENT FROM ALL PORTS.
December 22.
20,022
__r
To Hamburg—Dec. 19—Dalton, 2,422
To Antwerp—Dec. 17—St. George, 2,672_
To Barcelona—Dec. 15—Ferndene, 950
To Genoa—Dec.
15—Ferndene, 5,388
1909.
1910.
Cotton Takings.
Week and Season.
1719
12*
12*
p.m.
p.m.
7
7
7
7
7
7
7
7
7
7
7
7
Mon.
Wed.
Tues.
Thurs.
Fri.
4
4
4
4
12*
12*
12*
12*
12*
p.m. p.m. p.m. p.m. p.m. p,m. p.m. p.m. p.m. p.m.
4
94
95*
89* 93* 95
95*
90* 94
92
95* 97
94
97* 99
95
98* 99*
96
99* 00*
94* 97* 98 *
93* 96* 97*
77*
73* 76
39 * 41 *
37
16* 19* 21
90
Thus, 7 90 means 7 90-1 OOd.
92* 97
92
96*
92
96*
93* 98
95
99*
97
97
95* 96
95* 96
97
97*
98
98*
96
00
98* 99
01
99
97
99*
95* 99 * 97* 97*
95*
93* 97* 95
77
73
74* 75
43
42
40
* 41 *
23
19* 23
21*
96
95
95
96*
95*
95*
96* 96*
97* 97*
97* 98
98
98*
96* 98
95* 97
95* 97
96* 98
97* 99
98
98
96
99
99*
98
96* 97
94
94* 93* 95*
75
73* 73* 73
39 * 41 *
40* 41
21
20* 22
20*
BREADSTUFFS.
Friday, December 17 1910.
Prices for wheat flour have been motionless and the trad¬
ing here has been of very slim proportions. Some would not
surprised to see some expansion in business at least tem¬
porarily, after the turn of the year, and of late shipping di¬
rections on old contracts have "been received more freely at
the Northwest.
New business there, however, has been
dull, and reports of stagnation in trade have continued to
come in from the principal milling centres of the West and
be
1730
THE CHRONICLE
Southwest.
Rye flour has been quiet and somewhat easier.
Corn meal has been quiet and steady.
Wheat has not been distinguished by any striking fea¬
tures., Certainly the fluctuations have kept within such
narrow confines that the market has been
largely a humdurm
affair.
Export trade seems to be out of the question, and
even the domestic cash demand has been
very light as a rule.
Speculation has been almost at a standstill here, and even at
Chicago the transactions have been but moderate. The fact
seems
to be that most
people are awaiting new light on the
general situation. Although to many the outlook seems
bearish it is not forgotten that prices within six months have
undergone a considerable decline and that they are
from 10 to 15 cents a bushel lower than they were at
this time last year.
The question to be dteermined is
whether
decline
thi$
sufficiently
discounts
largely
increased stocks and favorable crop prospects in most parts of
the world.
This is one of the things which the year
1911. uiust decide., The world's available supplies now
amount to practically 190,000,000 bushels, or some 57,000,000 bushels more than at this time last year.
The North¬
western stocks in this country are steadily increasing.
Chicago's elevators, public and private, hold 9,396,000
bushels, or 4,000,000 more than a year ago. Its stocks of
contract wheat amount to 5,700,000 bushels, or nearly
3,000,000 bushels more than at this time last year. These
are some of the reasons why not a few
experienced people
are dubious as to the possibility of
bringing about any per¬
manent or material advance in prices at this time.
Yet the
European visibly’ supply last week decreased 2,880,000
bushels and the world's supply fell off something over
2,000,000 bushels, though, to be sure, this was only about
half the decrease for the same period last year.
But the
receipts at our wheat centres in the Southwest have latterly
shown some decrease, and there are those who look for some
further falling off unless that section is favored with needed
rains in the
rain is
near future.
That the Southwest does need
fact very generally conceded.
It has had some
a
Red winter. No. 2
Hard winter. No. 2
Oats,
of
prices, whether upward or downward, is contingent upon
decisive developments which may come about
during the next few months. To-day prices were firmer on
complaints from the Southwest of insufficient moisture,
smaller Argentina shipments, bull support and
covering of
new or more
shorts.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.
No. 2 red winter
97%
98
98
97%
97%
97%
December delivery In elevator
97%
96%
97%
96%
97
97%
May delivery In elevator
102 % 101 % 102 % 101 % 102
102 %
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat.
December delivery in elevator
May delivery In elevator
91%
95%
93 %
July delivery in elevator
Indian
Mon.
Tues.
90%
95%
91%
96%
92 %
93 %
Wed. Thurs. Fri.
91%
95%
92 %
91%
96%
93 %
92%
96%
93 %
futures in the local market have been dull and
featureless. At the West the speculation has been moder¬
ately active. Prices there have moved irregularly, but on
the whole the trend has been upward of late,
owing to some
diminution in the crop movement, firmness on the spot,
light
supplies of contract grade at Chicago and covering of shorts,
partly by cash interests. On the other hand, the cash de¬
mand has been small, hedge selling
has occurred and pit
traders have hammered at times on the idea that
supplies in
the interior are very heavy and that sooner or later the
crop
will be marketed with sufficient freedom to
bring about lower
corn
bushel,
per
Cents.
38 %
new—
Standards
No. 2 white
No. 3 white
LXXXX1.
GRAIN.
Corn, per bushel—
$1 18%
No. 2 new...
f.o.b.
t 15%
No. 2 mixed
f.o.b.
No.
2
97%
white
f.o.b.
1 02% Rye, per bushel—
Wheat, per bushel—
N. Spring, No. 1
N. Spring, No. 2
Cents.
52%
Nominal
Nominal
No. 2 Western
State and Pennsylvania
85%
80@81
87@90
Barley—Malting
£8
Feeding, cJ.f., N. Y__
Nominal
AGRICULTURAL
DEPARTMENT'S REPORT ON
CEREAL AND OTHER CROPS.—The final estimates of the
Crop-Reporting Board of the Bureau of Statistics, United
States
Department of Agriculture, based on the reports of the
correspondents and agents of the Bureau, indicate the har¬
vested acreage, production and valueof important farm
crops
of the United States in 1910 and 1909 to have been
follows:
as
Farm Value Dec. 1.
Crops.
Acreage.
Production.
Acres.
Bushels.*
PerBu.
Corn, 1910
Corn, 1909
Winter wheat, 1910.
Winter wheat, 1909.
Spring wheat, 1910.
Spring wheat, 1909*
Ail wheat, 1910
All wheat, 1909-.__
Oats, 1910
Oats, 1909
Barley, 1910
Barley, 1909
Rye, 1910
Rye, 1909
Buckwheat, 1910
Buckwheat, 1909
Flaxseed, 1910
Flaxseed, 1909
Rice, 1910..
Rice, 1909
Potatoes, 1910
Potatoes, 1909
Hay, 1910
Hay, 1909
Tobacco, 1910
Tobacco, 1909
102.9
89.8
93.1
89.4
99.0
34.1
40.5
57.8
55.2
72.2
73.9
65.7
69.9
230.6
152.6
67.8
79.4
55.5
54.9
35,288,000 1,126,765,000
33,204,000 1,007,353,000
7,257,000
162,227,000
7,011,000
170,284,000
2,028,000
33,039,000
2,006,000
32,239,000
826,000
17,239,000
834,000
17,438,000
2.916,000
14,116,000
2,742,000
25,856,000
722,800
a24.510,000
720,225
24,368,000
3,591,000
3,525,000
45,691,000
45,744,000
1,233,800
1,180,000
Total.
Cents.
Dollars.
48.8 1,523,968,000
59.6 1,652,822,000
89.1
413,575,000
114,002,000 3,125.713.000
108,771,000 2,772,376.000
29,427,000
464,044,000
28,330,000
446,366,000
19,778,000
231,399,000
18,393.000
290,823,000
49,205,000
695,443,000
46,723,000
737,189,000
__
moisture during the week, it is true, but the soil needs more.
Take it for all in all, however, the market is what may be
dascribed as a waiting one. It is felt that the future course
[VOL.
338.811,000
459,154,000
207,868,000
270,892,000
621,443,000
730,046,000
384,716,000
408,174,000
93.785,000
93,971,000
23,840,000
23,809,000
11,321,000
12*188,000
32,554,000
39,466,000
16,824,000
19,341,000
187,985,000
206,545,000
747,769,000
689,345,000
91.459.000
95,719,000
;
376,537,000
660,978,000 d$12 26
664,938.000 d$10 62
e984.349.000
/ 9.3
e949,357,000
/ 10.1
*
Bushels of weight,
a Equivalent to 5,930,000 bags of 186 pounds,
average weight.
d Per ton.
e Pounds.
6 Tons,
/Per pound.
The total value of crops above specified on Deo. 1 1910 was $3,735,464,000, against $3,971,426,000 on Dec. 1 1909. The average of prices was
aoout 8.5% lower on Dec. 1 1910 than on Dec. 1 1909.
The statement of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
since
August 1 for each of the last three
Flour.
Receipts at—
Wheat.
Com.
years
Oats.
has been:
Barley.
Rye.
5Ws.l96tos. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushAMbs. bu.56 lbs.
96,157
146.400
3,456,450
656,800
2,311,200
36,000
45,825
108,480
289,280
407,960
504,400
40.800
Duluth
7,940
720.341
678
26.802
64,175
Minneapolis
2,727,150
402,010
535.430
800,270
28.800
Toledo
41,000
165,800
52,500
Detroit
6.823
14,482
107,750
59,584
Cleveland
1,043
18,777
138,345
80,374
1,774
St. Louis
293,700
61,050
530,400
379,100
122,700
11,000
Peoria
47,400
14,000
515,264
144,000
74,400
Kansas City.
705,000
297,600
125,800
Chicago
—
Milwaukee..
.
__
Total wk. ’10
Same wk. '09
Same wk. '08
Since Aug. 1
1910
1909
1908
266,238
382,018
327,276
4,789,330
3,025,246
4,238,236
5,902,899
4,587,121
5,929,378
7,240.446 132,578.995
9,571,671 149,867,713
9.622,366 149,388,479
73.234.841
63,068,809
52,763,685
4,150,123
2,276.543
3.864,416
2,187,146
1,075,696
1,625,620
117,278
97,808
143,307
93,600,252 36,481,296 2.943,360
80,115,058 41,227,573 3.900,397
81,298,106 47,439,506 3,846,056
prices.
To-day prices were firmer on an upturn in wheat,
light offerings and covering of shorts.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW
YORK
Sat.
Mon. Tues. Wed. Thurs. Fri.
Cash corn
•*.
54
53
52%
51%
52%
52%
December delivery in elevator
55
55
54 %
55%
55
56
May delivery in elevator
55 %
55 %
55 %
55 %
56
56
DAILY CLOSING PRICES OF CORN FUTURES IN
CHICAGO.
_
December
delivery in elevator
May delivery in elevator.
July delivery In elevator
Sat.
45%
-47%
48
Mon.
45%
47%
47%
Tues.
45%
47%
48%
Wed. Thurs. Fri.
45
47%
48%
45%
47%
48%
Oats for future
46
47%
48%
delivery in the Western market have been
quiet and without important fluctuations in prices. Some
elevator interests which have latterly sold
May have pur¬
chased December.
Hedge selling has been noticeable but
the pressure from this source has decreased of late.
Stocks
at Chicago are heavy and the demand
light. Shipments
from the country, however, have decreased somewhat and
cash prices have been firm in the main.
To-day prices
showed little change.
The tone was firm, in sympathy with
wheat and
corn.
DAILY
CLOSING PRICES
OF
Sat.
38%
OATS
Mon.
IN
NEW
Tues.
38
38
YORK.
Wed. Thurs. Fri.
38
38
38%
No. 2 white.--_
39
38%
38%
38% 38% 38%
DAILY CLOSING PRICES OF OATS FUTURES IN
CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
December delivery in elevator..._ 31%
31%
31%
31%
31% 31%
May delivery in elevator
34
33%
34
34%
34%
34%
July delivery in elevator33%
33%
33%
33%
34
34%
:
following
r-'C.r-" '
closing quotations:
are
"v.
FLOUR.
$3'75@$3 40 Kansas straights, sack_$4
Winter, tow grade?
Winter patents.4 80
Winter straights.
>* 4 55
Spring straights
Spring clears
New York
Boston
Portland, Me
Philadelphia
Baltimore
Richmond
New Orleans *
Newport News—Norfolk
Galveston
Mobile
Montreal-..
St. John
Halifax..
Kansas clears, sacks
City patents
Rye flour--
60
4 00
000
385
Graham flour
4 15
4 80 @ 5 00 Corn meal, kiln dried... 2 75
4 25® 4 35
Wheat,
Corn,
bbls.
bush.
bush.
202,922
42,724
6,000
64,508
56,141
4,053
25,985
189,600
5,400
243.000
76,817
38,594
38,042
939
_
Oats,
Barley,
bush.
545,625
202.545
48,000
87.960
340,355
48,090
328,400
137,143
341.600
54,458
3,500
3,887
1,000
20,479
82,865
29.122
43,250
84,700
Rye,
bush.
bush.
6,375
4,600
915
14,309
2,200
18,000
2*325
12,687
10,000
670
26,866
30,000
268,000
80,000
Total week 1910.
429.641
958.123
1,745,505
657,474
65,436
Since Jan. 1 1910.17,654,879 74,423,408 40.084,778 49,124,023 3893,024
Week 1909
409,433
2,440,749 2.724,117
676,099
86,102
Since Jan. 1 1909-17.043,288 97,357,893 42,975,306 43,611.174 7232,037
*
for
1,357
'
19,824
936,697
34,790
1131,614
Receipts do not Include grain passing through New Orleans for foreign ports
through bills of lading.
The exports from the several seaboard ports for the week
ending Dec. 17 1910 are shown in the annexed statement:
Exports from—
New York
Portland, Me
Boston.
—
Wheat,
Corn,
Flour,
Oats,
Rye,
Peas,
bush.
bush.
bbls.
bush.
bush.
bush.
161,283
243,000
263,764
206.448
48,000
115,080
14,478
32,000
1,000
25,714
80,000
137,143
71.961
6,000
23,442
19,000
4.579
8,153
'
939
Philadelphia
Baltimore
New Orleans
Newport News
„
Flour,
Receipts at—
on
Standards
The
Total receipts of flour and grain at the seaboard ports
the week ended Dec. 17 1910 follow:
Galveston.—*
Mobile
Norfolk
St. John, N. B—_
Halifax
J-
.
714
—*—i
r——.
3,500
2,325
1,357
i.,.-
10.000
ui*
268,000
80,960
—
bush.
6,069
—
*'266
-IIll
’
•
L300
i~o66
Barley',
-
-
-----
rr
"*350
•
\
-
7 <• “ •
---—
30.000
o7~
V
Total week—*-1,049,047 , 615.885 148,470
Week 1909..
.2,544,809 1,215,547 253,466
—
a
(.i-n-f.S-Ml .30.000
27.000
,
•
6,419
16,335
Deo. 24
these exports for the
The destination of
July 1 1910 is as below:
,
.
Brit. Nor. Amer.
Other Countries
Dec. 17.
bush.
1910.
bbls.
77.251 2.056.297
17.823
25.409
25.241
2,200
Cols
.
.
546
'
July 1
Week
July 1
Dec. 17.
bbls.
908,957
517,879
673.601
59.226
65.459
since
1910.
bush.
Since
766,764 17.764,761
269,183 11,028.534
139,775
13,100
3,000
9,000
Week
Dec. 17.
bush.
July 1
1910.
bush.
402,624 2.899,724
167,143 3,437,316
19,500 1.502.782
687,760
22,842
150
7,374
17,899
3,626
.148.470 4,181,419 1.049,047 28.943.070 615,885 8,552.855
253.466 4,932,866 2.544.809 49.370,885 1,215,547 6,386.453
The world's shipments of wheat and corn
ending Dec. 17 1910 and since July 1 1910
shown in the following:
made are likely to tend
ahead to a moderate
fluenced also by
-Corn-
Since
Since
Week
week and
-Wheat-
Flour
Exports for week and
Since July 1 to—
1731
THE CHRONICLE
1910.|
for the week
higher rather than lower, are ordering
extent; they have possibly been in¬
the prospect of increased curtailment among
mills, both Northern and Southern, in the early part of
The outlook for such curtailment took more definite
1911.
form
during the week, the Arkwright Club of Boston, representing
New England cotton mill interests, having recommended
concerted action towards curtailment unless trade conditions
improve in the near future; similar action is expected to be
taken by Southern manufacturers, especially those pro¬
ducing gray goods, brown sheetings and drills, if there is not
an early turn for the better.
Prices are very firmly held on contracts, with a growing
disposition on the part of mills and agents to name values
more in keeping with costs of production; no radical ad¬
vances are expected, but manufacturers appear more de¬
Corn.
termined than heretofore not to continue accepting business
Wheat.
at
levels which mean no profit and possibly a loss.
There is
1909.
1910.
1909.
1910.
Exports.
also less willingness to grant concessions on stock goods,
Since
Since
Week
Since
Since
Week
although in some lines spot goods are still being moved at
Dec. 17.
July 1.
July 1.
July 1.
July 1.
Dec. 17.
prices which mills will not accept for contracts. Trade
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushel*.
in jobbing houses was quiet, most of the orders received
6,334,000
8,294,000
666,000
79.246.000
59,043.000
orth Amer. 2.3 >8.000
8,298,000
4,802,000
being for small lots for immediate shipment. Stock-taking
3,568.000 122,440,000 118.728,000 357.000
ussla
459,000 49.245.000 10,080.000
is still occupying the attention of many jobbers.
1.752,000 59.296.000 10,688,000
anube
Reports,
55.034,000
1,505,000
45,639,000
1.064.000 23,808,000 13,784,000
rgentina
from retail centres reflect a substantial and satisfactory
5,300,000
408,000 15,672,000
ustralia
business in all holiday goods.
A little more interest was
480.000 24.224.000 124.896.000 /
4,614,000./
200,000
th. countr'8
shown in cotton yarns, but business tendered was at prices
107,980,000 79,746,000
which mills were not over-anxious to accept.
Silk piece
9.840,000
Total
309,097,0001252,642,000 2,987,000
goods continued active, especially for prompt delivery.
The quantity of wheat and corn afloat for Europe on dates Some of the largest underwear manufacturers are reported
well sold ahead on spring lines, and the outlook for fall busi¬
mentioned was as follows:
ness is better in some quarters, but unsatisfactory in others.
Com.
Wheat.
A good demand is in evidence for well-known brands of
United
hosiery for forward shipment, and certain fall lines of cotton
United
Total.
Total.
Kingdom. Continent.
Kingdom. Continent.
and woolen goods display a firmer tendency.
The primary
dress goods market was seasonably quiet; in men's wear,
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
21,216,000
interest was centred in openings of overcoatings for fall 1911
Dec. 17 1910.. 14.760.000 18.328,000 33,088.000 7,029,000 14,187,000
15.152.000 20,752.000 35,904.000 6,732.000 13.303,000 20.035.000
Dec. 10 1910.
11,730.000
delivery, but buyers have not yet begun to operate freely
6,545,000
5,185,000
26.320.000
Dec. 18 1909-- 16.720.000 9,600.000
11.220,000
on these lines.
“
Dec. 19 1908-- 16.080.000 8.720.000 24.800,000 5,440.000 5,780.000
Dec. 21 1907.. 18.840.000 8,960,000 27.800.000 3,120,000 4,880.000 8.000,000
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Dec. 17 were 4,284
The visible supply of grain, comprising the stocks in packages, valued at $373,113, their destination being to the
granary at principal points of accumulation at lake and points specified in the tables below:
1910
1909
seaboard ports Dec. 17 1910, was as follows:
Since
Since
and 1909 are
__
..
....
.
AMERICAN
GRAIN
Wheat.
Com,
bush.
296.000
bush.
New York
2,655.000
288.000
.
afloat
Boston
:
453.000
554.000
632.000
3.000
101.000
_
Philadelphia
.
Baltimore.
New Orleans
Galveston
Buffalo
afloat
Toledo
Detroit
Chicago
Milwaukee
Duluth
.
.
“
*
.
420.000
—
-
_
Indianapolis
.
Dec.
Dec.
Dec.
Dec.
17
10
18
19
Montreal
Fort William
Port Arthur
Other Canadian
Dec.
Dec.
Dec.
Dec.
76.000
192,000
71.000
48.000
191019101909.
1908.
.42.994,000
.42.666,000
.28,019.000
.52.061.000
-
-
.
_
Oats,
bush.
883.000
918,000
311.000
266.000
131,000
6,146.000
512,000
46,000
219,000
2.094,000
1,510.000
6,619,000
5.570.000
15.711.000
15,349.000
11,520.000
9.554.000
100.000
50.000
243.000
Rye,
Balrey,
bush.
bush.
33.000
13,000
CANADIAN GRAIN STOCKS.
Com,
Oats,
Wheat.
hush.
ubsh.
bush.
8.000
1.321,000
284.000
143,000
126,000
6,000
23,000
12,000
31,000
8,000
109,000
5.000
Wheat,
bush.
8,000
13,000
37,000
24.000
SUMMARY.
Com,
bush.
Oats,
bush.
83.000
81,000
119,000
76,000
Rye,
Rarley,
bush.
bush.
bush.
1,622,000
2,102.000
1,523,000
17,032,000
16.747,000
12,012.000
478,000
471,000
809,000
83,000
1,705,000
1,825.000
3,025.000
THE DRY GOODS TRADE.
New York, Friday Night, Dec. 23 1910.
Although cotton goods markets continued quiet, there
were
some encouraging
developments during the week.
Judging from reservations being made at hotels, numerous
buyers from various sections intend to visit this market
early in the new year, and this encourages the inference that
some improvement in demand for goods will materialize after
the holidays. Important in its bearing upon future business!
also is the fact that more urgent requests have been made
for prompt deliveries of merchandise under order and due
in the early part of January; this seems to indicate that dis¬
tributers have already disposed of such goods or are more
encouraged over the outlook. As a matter of fact, distri¬
bution in most centres, although below normal, is said tqbe
proceeding steadily, thereby reducing supplies on hand*.
In the primary ^division new orders for forward delivery
continued light in volume and there appears to be little pros¬
pect of a better demand from jobbers oV Others Until ‘a^ter
done, as certain
.
_
__
Some business, however, is being;
bi^fs, convinced that prices en goods, to be
1.853
960
265
751
45
427
16
207
827
1,296
1,021
3,783
362.154
|250
142
331
389
30
292
32.374
1,709
4,284
245,094
•
1,997
1,094
169,644
16,774
25,512
15,828
39,058
1,704
13,686
53,360
23,497
f
59,395
14.899
14,999
6.635
1,945
13,488
49,923
48,623
Jan. 1.
York exports since Jan. 1 has been
$17,508,317 in 1910, against
83.000
1,321,000
1,398.000
492,000
206,000
-
345,000
184.000
31,000
Barley,
Total Dec. 17 1910..53,816.000
Total Dec. 10 1910. .53,018,000
Total Deo. 18 1909. 37.851.000
the turn of the year.
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
Week.
16
16
Jan. 1.
8
--
The value of these New
Rye,
btish.
15,711,000
1,321.000
6.656.000
Other Europe
Total
1.073.000
2.094,000
8,000
_
Week.
29
17.
i3i~66o
1.622.000
1.744.000
2,906,000
5.509,000
478,000
471,000
809,000
42,994.000
10.822.000
.
472,000
400.000
2,000
478.000
American
Canadian
1.000
3.405.000
2,371,000
4.762,000
17 1910.-10.822.000
10 1910. .16,352,000
18 1909.. 9.832,000
19 1908-- 5,195,000
New York to Dec.
Great Britain
.
45,000
259,000
157.000
851.000
3,026.000
345,000
197,000
1.605.000
59.000
.
St. Louis
Kansas City
Peoria
Total
Total
Total
Total
5.928.000
148.000
2.624,000
.12.677.000
2.072.000
4,179;000
12,000
458.000
.
.
Minneapolis
Total
Total
Total
Total
3,000.000
5.345.000
1.445.000
38.000
27.000
238.000
429,000
5.000
16.000
STOCKS.
$20,006,387 in 1909.
scattered and in the ag¬
gregate moderate. Bleached goods ruled quiet but firm.
Wide sheetings and drills were also firmly held and in light
request. Substantial re-orders on ginghams for near-by
shipment were received, especially from the West, and
prints, both staple and semi-fancy, moved in fair volume,
while the manufacturing trade took moderate quantities of
denims, shirtings and working-suit fabrics. Colored cottons
are somewhat firmer, with stocks reported rather limited as
the result of curtailment, but are not very active for future
delivery. Southern tickings, as well as certain Eastern
lines, are said to be well conditioned, with manufacturers con¬
servative in booking far ahead at current prices.
Some
additional export business on sheetings has been put through
for China account; the prices secured show little if any
profit, but the bids were accepted largely in order to. keep
Orders for domestic cottons were
American
goods in that market; trade
with miscellaneous
dull. Print cloths and convertibles con¬
tinued quiet and business done was moderate; bids slightly
below the market were freely made but met with little suc¬
cess; prices are quotably unchanged.
WOOLEN GOODS.—The primary market for dress goods
displayed little life, as is usual at this season, and not much
change is expected until lines of new fabrics are shown next
month.
The feature in men's wear was the formal opening
of many well-known lines of overcoatings for next fall de¬
livery, the prices named showing concessions of from 2^ to
5%; other lines will not be showm until after the turn of the
Some fair-sized orders were placed, but buyers
year.
generally showed a disposition to wait until after the holi¬
days before making commitments. The strike in Western
clothing centres has had an unsettling effect upon the local
ports remained
'
market
FOREIGN DRY GOODS.—An
in evidence for housekeeping linens
*.
■ i:
! •
active demand has been
of all descriptions for the
holiday trade and also to meet requirements of special sales
which retailers will hold in January and February; business
in dress linens for forward shipment is restricted, owipg to
uncertainty over deliveries; many orders Are being accented
by importers subject to confirmation by mills. Prices on all
descriptions of linens are, strong^3-mported ’ ty^len apd
worsted fabrics have been generally quiet. The market for
burlaps remained dull; prices are quoted at 3.75$;: for light¬
weights and 4.75c. for 10^-ounce. *
* .
1122
THE CHRONICLE
SW£
jority of the
News Items.
Chicago,' Ill.—City to Make Large Reduction in Bonded
Debt.—The City Comptroller’s office
officially announced
Dec. 18 that the city on Jan. 1 1911 would cancel
$2,698,500
corporate and water fund bonds. Also, on the same date,
the city will redeem $550,000
special assessment bonds,
the corporate and water fund bonds to be
paid follows:
however, states that, according to the statute, the indebted¬
ness of a
Board of Education on account of its
public schools
in the district in which it has
jurisdiction is not to be figured
in computing the debt of the
$159,500
^369,000
k 250,000
476,000
city.
Santa Barbara County (P. O. Santa
Barbara), Cal.—Liti¬
gation.—No decision has yet been rendered
by the Supreme
Court in the suit
,
brought to test the legality of the $100,6% road bonds mentioned in V. 90, p. 800.
Texas.—-Condition of State Funds.—The State Permanent
School Fund of Texas on
Aug. 31 1910 contained $51,066 61
in cash and
$16,467,878 79 of various investments. In addi¬
tion, this fund on the same date owned land valued at
$5,944,680 and land notes amounting to $47,809,504 93. In
the following table we
give the details of the investments
held Aug. 31 1910:
000
v
S^Chickasha, Grady County, Okla.—Commission
Form
of
Government Defeated.—An election held Dec. 15 is said to
have resulted in the defeat of a
commission form of government.
proposition to adopt the
Cincinnati, Ohio.—State Supreme Court Upholds Validity
of Bond Issues.—According to the “New York News Bureau,”
the State Supreme Court has handed down a decision de¬
claring valid the $1,000,000 boulevard and park and the
$800,000 grade-crossing-abolition bonds voted (V. 91, p.
1399) on Nov. 8. We learn from other sources that the bonds
will
now
be offered for sale Dec. 28.
Detroit, Mich.—Vote
on
Charter Amendments.—A
canvass
of the vote cast Nov. 8 shows that
only three of the ten
proposed amendments to the city charter submitted on Nov.
8 failed to receive the necessary two-thirds
majority. The
amendments which carried were as follows:
State bonds
$2,761,300 00
County bonds
City bonds
Independent and county school district bonds
7,623,439 00
2,141,527 53
2,558,761 00
Bonds of Houston & Texas Central
RR
Bonds of Galveston Har, & San Antonio
Ry
Bonds of Washington
County RR
Bonds of Texas & New Orleans RR
State Penitentiary RR
)
\
891,455 00
J
291,396 26
200,000 00
Total investments Aug. 31 1910
.$16,467,878 79
Uninvested cash Aug. 31 1910
$51,060 61
Land Notes Aug. 31 1910.
Land notes, 10s
$7,132 24
Land notes, 8s_
161,961 21
Land notes, 581,843,717 75
Land notes, 48326,742 65
Land notes, 3s.
45,469,951 08
__
-
Total land notes Aug. 31 1910
$47,809,504 93
Lands.
Aug. 31 1910 the State Permanent School Fund owned
3,955,788 acres of land having an estimated value of $1 50
a
an acre.
$5,944,682 00
—
Amendment providing for civil service regulations for city
employees.
Vote, 19,130 “for” to 6,085 “against.”
Amendment repealing Act No. 584 of 1905, which
for the
provided
destruction of noxious weeds.
Vote, 12,747 “for” to 9,908 “against.”
Amendment .authorizing the Public Lighting Commission to
engage in
commercial lighting and the sale of electricity for power.
Vote, 18,529
“for” to 5,448 “against.”
Amendment providing for construction of docks on Belle Isle.
Vote,
15,008 “for” to 6,536 “against.”
Amendment increasing the amount of paving contracts to be entered
into by Common Council in any one year from $300,000 to
$500,000.
Vote, 13,980 “for” to 8,079 “against.”
Amendment removing restrictions as to appropriations for Museum
of
Art.
Vote, 13,093 “for” to 7,872 “against.”
Amendment authorizing the issuance of $150,000 bonds for
subway
construction.
Vote, 14,596 “for” to 6,107 “against.”
^
The three amendments which failed
to carry were as follows:
Amendment authorizing the issuance of bonds in excess of the debt limit
fixed by law.
Vote, 12,988 “for” to 8,435 “against.”
Amendment to legalize certain contingent bond Issues.
Vote, 13,008
“for” to 9,483 “against.”
Amendment allowing city officials and employees to be interested in
city contracts. Vote.8,941 “for” to 12,665 “against.”
as now
Indiana.—Bonds Declared Valid by State
Supreme Court.—
The $120,548 3% bonds which were to be delivered to the
Vincennes University for the payment of land
which, it is
said, the State took from the institution many years ago
without compensation were declared valid
by the State
Supreme Court on Dec. 16. The Court, in rendering its
decision, said that the bonds were not a gift, as claimed in
the complaint, but a payment of an
obligation as computed
by the General Assembly. The Superior Court upheld the
validity of these bonds on Sept. 25 1909. V. 89, p. 867.
Japan.—Annual Reduction of Foreign Debt.—It has been
officially announced through Kuhn, Loeb & Co. of New York
City that the Japanese Government intends to devote
annually to the redemption of the foreign debt a portion of
the sum, at present fixed at not less than
yen 50,000,000
per annum, provided each year for the redemption of the
national debt.
We print below a statement issued
by the
New York bankers concerning the above:
The Financial Commissioner in London of the
Imperial Japanese Govern¬
ment has received advice from his Government that it has been
decided to
devote annually to the redemption of the foreign debt a
portion of the sum
at present fixed at not less than yen 50,000,000 per annum
provided each
year for the redemption of the national debt.
For the year 1911 the sum
of £1,000,000 will be so devoted, and it is the intention to
apply this sum
mainly in reduction of the amount of the 4^% loans secured on tne tobacco
monopoly.
Louisiana.—State
Supreme Court Upholds Bond Act Passed
by Special Session of Legislature.—State Supreme Court
Judge Frank A. Monroe in an opinion rendered Dec. 16 up¬
holds the Act passed by the recent special session of the
Leg¬
islature of this State for the purpose of
facilitating the sale
of the $7,000,000 sewer bonds which were offered without
(V. 91, p. 1050) on Oct. 4. This case was brought,
it is stated, for the purpose of permanently
removing all
doubt as to the legality of the above-mentioned Act.
The
question had been raised that as the Act was purely a local
measure, the same was unconstitutional on account of there
not having been 30 days’ notice given of the intention of
success
LXXXXI
The above bond issue was sanctioned
by a two-thirds ma¬
voters on Nov. 2 1909 and
subsequently an
ordinance was passed by the
City Council authorizing the
issuance of the bonds. The question then
arose, it is stated,
as to whether the issue
could be floated as it would
put
the bonded debt
beyond the constitutional limitation—
that is, if the debt of the school district was
accepted as
part of the city’s bonded obligations. The Court of
Appeals,
Oity Dtf^nrivrswT.
4% water-loan bonds dated Jan. 1 1891.
4% sewerage-loan bonds dated Jan. 1 1891.
4% river-improvement bonds dated Jan. 1 1891.
4% school bonds dated Jan. 1 1891.
295,000 4% judgment-funding bonds dated Jan. 1 1904.
L
7,000 4% judgment-funding bonds dated July 1 1908.
5,000 4% judgment-funding bonds dated Nov. 1 1908.
y 17,000 4H% judgment-funding bonds dated Jan. 1 1908.
125,000 4% general corporate purpose bonds dated
July 1 1905.
84,000 4% general corporate purpose bonds dated
July 1 1906.
j 56,000 4H% general corporate purpose bonds dated Jan. 1 1908.
, 56,000 4%
general corporate purpose bonds dated July 1 1908.
83,000 4% general corporate purpose bonds dated July 1 1908.
48,000 4% general corporate purpose bonds dated Nov. 1 1908.
168,000 4% permanent-improvement bonds dated Jan. 1 1904.
[ 500,000 4% water certificates dated May 1 1907.
Of the $476,000 school bonds given in the table
above, $101,000 will be
redeemed by the city and the balance ($375,000) are to be refunded.
All
the other bonds will be taken up by the city
In their entirety.
(Vol.
Land Leased by State Permanent School Fund
Aug. 31 1910.
636,300 acres at 3
cents per acre.
1,590 acres at 4
per acre.
70,325 acres at 3^ cents per acre. 82,788 acres at 5 ^ cents
cents per acre.
355,009 acres at 3^ cents per acre.
6,221 acres at 6
cents per acre.
1,280 acres at 3 % cents per acre.
28 acres at 10 cents per acre.
168,217
acres at 4
cents per acre.
In addition to the Permanent School
Fund, which is the
largest and most important carried by the State of Texas,
there are a number of other funds.
The condition of these
funds on Aug. 31 1910 is
as
reported
follows, the land leases
*
being
as
of Aug. 31 1908, this being the latest report
able to obtain from the State officials.
we are
Condition of the Permanent University Fund.
Cash on hand Aug. 31 1910
$55 46
State bonds
607,100 00
Land notes, 10s
$847 75
Land notes, 5s
44,631 88— 45,479 63
2,072,225 acres of land leased, value $2 per acre, Aug. 31 1910
8,144,450 00
Grand total Aug. 31 1910..
$8,797,080 09
Land Leased by Permanent University Fund
Aug. 31 1908.
384,840 acres at 2 cents per acre.
378,560 acres at 5 cents per acre.
257,243 acres at 3 cents per acre.
14,080 acres at 6 cents per acre.
61,440 acres at 4 cents per acre.
825,022 acres at 7 cents per acre.
119,040 acres at 4^ cents per acre. 32,000 acres at 8 cents
per acre.
Condition of Permanent Orphan Asylum Fund.
Cash on hand Aug. 31 1910
None
State bonds
$30,600 00
Land notes, 3s
$32,294 08
Land notes, 5s._
11,388 52— 43,682 60
Grand total Aug. 31 1910
$74,282 60
Condition of Permanent Agricultural and Mechanical
College Fund.
Cash on hand Aug. 31 1910
$2,386 54
State bonds
209,000 00
Grand total Aug. 31 1910
$211,386 54
Condition of Blind Asylum Fund.
Cash on hand Aug. 31 1910
$717 99
State bonds
133,900 00
Land notes, 10s
$623
57
Land notes, 5s
11,021 00
Land notes, 3s.
30,652 69— 42,297 27
Grand total Aug. 31 1910
$176,915
Condition of Permanent Deaf and Dumb
Asylum Fund.
Cash on hand Aug. 31 1910
$3,770
State bonds
100,900
Land notes, 10s
$357 55
Land notes, 5s
29,971 10
Land notes, 3s
40,927 41—
71,256
„
Grand total Aug. 31 1910
Condition of Permanent
Cash on hand Aug. 31 1910
State bonds
Land notes, 3s
Land notes, 5s
Land notes, 10s
State
Lunatic
26
46
00
06
$175,926 52
Asylum Fund.
$214 43
139,100 00
$20,883 92
lifiS to—
Grand total Aug. 31 1910
30,996 43
.$170,314 86
The figures for the fiscal year
Aug. 31 1909 were
in the “Chronicle” Nov. 27 1909, page 1437.
published
Wyandotte, Mich.—Election on Commission Form of
Government.—A proposed new charter providing for a com¬
mission form of government will be considered at a
special
election March 2 1911,
according to local
papers.
ts passage.
Newport, Ky.—Bonds Declared Valid by Court of Appeals.
—The Court of Appeals of this State on Dec. 16 handed down
a decision affirming the one rendered by
the Circuit Court on
Nov. 12 (V. 91, p. 1398), declaring valid an issue of
street-improvement bonds.
$100,000
Bond Calls and
Redemptions.
Missouri.—Bond Calls.—Whitaker & Co. of St.
their quotation pamphlet dated Dec.
15, give the
list of municipal bonds which have
redemption:
Louis, in
following
recently been called for
Dec. 24
1723
THE CHRONICLE
1910.]
City of Aurora, Lawrence County, Mo., judgment-funding 5% bonds for
$500 each, Nos. 24 and 25, dated Sept. 8 1897, to be paid Dec. 10 1910.
De Soto School District No. 73, formerly District No. 1, Jefferson County,
Mo., 4%% refunding bonds, for $1,000 each. Nos. 1 to 6 inclusive, to be
paid Oct. 1 1910.
,
.
.
Slater, Saline County, Mo., 5% water-works bonds for $500 each,
Nos. 10 and 11, dated Dec. 31 1897, to be paid Jan. 1 1911.
,
St. Francis Lsvee District, Ark.—Bond Call.—The Board
of Directors have given notice that, owing to their inability
to float a 5% issue, authorized by the last Legislature for
the purpose of refunding all
bonds issued under the author¬
Brown County (P. O. Brownwood), Tex.—Bond
The $50,000 5% 20-40-year (optional) Precinct No.
Sale.—
1 road-
improvement bonds voted on Nov. 14 (V. 91, p. 1466) have
been disposed of to local investors.
Bucyrus, Crawford County, Ohio.—Bond Sale.—It is
stated that on Dec. 22 the $25,000 4^6% coupon (city’s
portion) street-improvement bonds described in V. 91,
p. 1526, were awarded to the Bucyrus City Bank in Bucyrus
at 102.98.
Maturity $1,000 each March 1 and $1,500 each Sept. 1 from 1914 to
Act of the General Assembly approved March 13 1923
inclusive.
1899, it will be impossible to pay off the bonds Jan. 1 1911,
Burlington, Chittenden County, Vt.—Bond Sale.—Ar¬
See V. 91, p. 107. They will continue to
as advertised.
pay interest, however, semi-annually as heretofore, and will rangements have been made with the sinking fund for the
redeem $40,000 bonds annually as provided in the Act of sale of $53,000 4% light bonds.
1899.
Bonds Nos. 40 to 80, Series “A,” will be paid July 1
Caldwell County (P. O. Lockhart), Tex.—Bonds Voted.—
1911 either at the First National Bank in New York City
We see it stated that the proposition to issue the $25,000
or at the Union & Planters’ Bank & Trust Co. in Memphis.
Precinct No. 2 good-road bonds mentioned in Y. 91, p. 1526,
United States of Mexico.—Bond Call.—The Mexican Gov¬ was favorably voted upon at a recent election.
ernment has announced that on Jan. 1 1911 it will redeem
Callahan County Common School District No. 47, Tex.—
at par and interest 91,025 bonds of its 5% Consolidated
Bond Sale.—An issue of $500 5% bonds, due in ten years,
External Loan of 1899, amounting to £10,433,820, or ap¬ was disposed of on Dec. 1 at par to the State School Fund.
proximately $51,000,000, which is more than half of the
Chatham Township School District (P. O. Chatham),
original loan. It is said that there have been previous draw¬ Morris County, N. J.—Bond Offering.—Proposals will be
ings of these bonds on a small scale semi-annually. The received until 2 p. m. Dec. 28 by C. A. Johnson, District
bonds called will be redeemed in the United States at the
Clerk, for $4,000 5% 10-year school bonds. Interest semi¬
office of J. P. Morgan & Co., New York City.
Other places annual. Date of delivery Jan. 2 1911.
for redemption of these bonds are:
Morgan, Grenfell & Co.,
London; S. Bleichroder, bankers, Berlin, or at the Deutsche theChicago (Ill.) Sanitary District.—Bond Sale.—On Dec. 22
$1,000,000 4% coupon (writhprivilege of registration as to
Bank, or Dresdner Bank, both of Berlin; Lippmann, Rosen¬
principal) bonds described in V. 91, p. 1585, were awarded
thal & Co., bankers, Amsterdam, or in Frankfort-on-Main,
to A. B. Leach & Co. and N. W. Halsey & Co,, both of
at the Frankfurter Filiale der Deutschen Bank, Filiale der
Bank fur Handel und Industrie, Deutsche Effecten & Wechsel Chicago, according to reports, at their joint bid of 99.2863.
$46,000 on Jan. 1 1913 and $53,000 yearly on Jan. 1
Bank, Deutschen Vereinbank and at the Dresdner Bank. Maturity
from 1914 to 1931 inclusive.
ity of
an
A statement of the bonds to be redeemed follows:
1,835 bonds (Series “A”) at £1,000 each
5,452 bonds (Series “B”) at
£500 each
11,603 bonds (Series “C”) at
26,369 bonds (Series “D”) at
45,766 bonds (Series “E”) at
£200 each
£100 each
£20 each
£1,835,000
2,726,000
2,320,600
2,636,900
915,320
_
£10,433,820
91,025
July the Government placed in Paris a loan of £22,200,000 ($107,670,000) at 4%, to be used exclusively for the
conversion or payment of the “foreign consolidated 5% loan
of 1899.”
The loan, which was offered at 97.62}^, was
oversubscribed.
V. 91, p. 165.
In
Chilton Independent School District (P. O. Chilton), Falls
County, Tex.—Bond Sale.—This district on Dec. 1 disposed
of $12,500 5% 10-40-year (optional) bonds to the State
School Fund at par and accrued interest.
Claremore, Rogers County, Okla.—Bond Sale.—On Dec. 4£
$52,500 5% water-works and city-hall bonds were awarded
to John Nuveen & Co. of Chicago at par.
Denomination $500 and $1,000.
annual.
Maturity Jam. 15 1936.
Date Jan. 15 1911.
Interest semi¬
Cohasset), Itasca
County, Minn.—Bonds Voted.—An election held recently, it
is stated, resulted in favor of a proposition to issue $35,000
Cohasset School District No. 1 (P. O.
Bond Proposals and Negotiations this week school-house construction bonds.
have been as follows:
Columbia, Richland County, So. Caro.—Bond Award.—
Athens, Athens County, Ohio.—Bond Offering.—Pro¬ We are advised that the amount of 5% 30-year refunding
posals will be received until 12 m. Dec. 28 by W. B. Golden, bonds, disposed of on Dec. 15 to the syndicate composed of
Village Clerk, for the following 5% coupon assessment bonds: Townsend| Scott & Son and Baker, Watts & Co., both of
$2,230 Mill Street improvement bonds. Denomination $223 60.
Baltimore (V. 91, p. 1660), was $850,000.
The price paid
2,040 Woodward Avenue improvement bonds.
Denomination $204.
was
105 for $50,000 bonds and 103.56 for $S00,000 bonds.
3,334 Mill Street Improvement bonds.
Denomination $333 40.
Date Sept. 1 1910. In¬
Sept. 1
bank In
County and made pavable to the Village Treasurer, is required
Authority, Section 95 of the Municipal Code.
terest semi-annual.
Maturity one bond of each issue yearly on
from 1912 to 1921 inclusive.
Certified check for $300 drawn on a
Athens
with bids
on
each issue.
Purchaser to pay accrued interest.
Augusta, Me.—Bond Sale.—On Dec. 20 $30,000 4% cou¬
pon improvement and refunding bonds were awarded, it is
stated, to the Kennebec Savings Bank in Augusta at 105.71,
A list of the bids received follows:
Kennebec Sav. Bk., Augusta 105.71
Edmunds Bros., Boston
105.02
E. H. Rollins & Son, Boston. 103.67
E. M. Farnsworth, Boston..103.54
Perry, Coffin & Burr, Boston 102.53
Lee, Higginson & Co., Bos..102.52
A. B. Leach & Co., Boston..102.268
N. W. Harris & Co., Boston.102.20
Blodget & Co., Boston
102.14
W. A. Read & Co., N. Y
103.29
Fidelity Trust Co., Portland. 102.01
C.
H.
Gilman, Portland
101.96
Hayden, Stone & Co., Bos._103.219
M. S. Bird & Co., Rockland. 103.09
Merrill, Oldham &Co., Bostonl01.079
Blake Bros. & Co., Boston.. 98.78
Estabrook & Co., Boston
102.85
Hornblower & Weeks, Bost. 98.45
Edw. C. Dudley, Augusta
102.61
Interest semi-annually In
Denomination $1,000.
Date Jan 2 1911.
Boston.
Maturity Jan. 2 1936.
Aug. Sav. Bank, Augusta
103.50
Barre, Washington County, Vt.—Bond Sale.—Reports
state that on Dec. 22 the $45,000 4% 9-17-year (serial)
coupon water bonds described in Y. 91, p. 1659, were
Savings Bank & Trust Co. in Barre for
$45,059 25—the price thus being 100.131.
Bloomington, Ill.—No Bonds Authorized.—We are ad¬
vised that there is no truth in the newspaper reports that
this city has authorized the issuance of $27,000 bonds.
Braintree, Norfolk County, Mass.—Temporary Loan.—A
loan of $20,000 has been negotiated, according to reports, at
3.45% discount, as follows: $10,000 due April 12 1911, with
Loring, Tolman & Tupper’and $10,000 payable April 20
1911, with N. W. Harris & Co., both of Boston.
Brookings County (P. O. Brookings), So. Dak.—Bond
Offering.—Proposals will be received until 1 p. m. Dec. 27
by O. J. Otternes, County Auditor, for the $100,000 5%
county bonds voted (V. 91, p. 1399) on Nov. 8.
awarded to the Barre
Interest semi-annual. Maturity 20 years, subject
Certified check for 5% of bid, payable to George E.
Hoch, Chairman Board County Commissioners, Is required.
Bonded debt,
this issue.
Assessed valuation 1910 (est.), $8,300,000.
Actual valua¬
Date Dec. 27 1910.
to call after 5 years.
tion (est.), $25,000,000.
Brooklet, Bullock County, Ga.—Bond Sale.—On Dec. 15
6% gold school-building and site-purchase bonds
described in V. 91, p. 1585, were awarded to S. A. Kean &
Co. of Chicago.
the $7,000
Maturity $1,400 on Jan. 1 in each of the years 1915, 1919,
and 1931.
1923, 1927
Brooklyn Heights Independent School District, Tex.—
Bond Sale.—This district sold $8,500 10-40-year (optional)
bonds on Dec. 1 to the State School Fund at par and interest.
The award of these bonds is made subject to the approval
of the Legislature at its next session in Jan. 1911.
De¬
nomination $1,000:
These securities take the place of the
$850,000 bonds offered but not sold (V. 90, p. 1568) on
June
21.
Cuyahoga County (P. O. Cleveland), Ohio.—Bond Offer¬
ing.—Proposals will be received until 11 a. m. Dec. 31 by
the Board of Commissioners, John F. Goldenbogen, Clerk,
for $300,000 4}4% coupon court-house-construction bonds.
Authority, Sections 2434, 2435 and 2438, General Code; also election held
Nov. 5 1901.
Denomination $1,000.
Interest April 1
Date Jan. 1 1911.
and Oct. 1 at the County Treasurer’s office.
Maturity $15,000 yearly on
Each bid must be accompanied by a
Oct. 1 from 1911 to 1930 inclusive.
bond signed by not less than two disinterested persons, residents of and
owning real estate In this county, or a certified check, payable to the County
Treasurer, for 1% of bonds bid for.
Bids must be made on a blank form
furnished by the county.
These bonds were offered without success as 4s
(V. 91, p. 1586) on Dec. 7.
Delta County (P. O. Escanaba), Mich.—Bond Offering.—
Proposals will be received until 12 m. Dec. 31 by John A.
Semer, County Clerk, for the $40,000 4% bridge-construction
bonds voted (V. 91, p. 1467) on Nov. 8.
Denomination $1,000.
Date Jan. 1 1911.
Interest semi-annually at
the County Treasurer’s office.
Maturity $5,000 on Jan. 1 1911 and each
second year thereafter from 1912 to 1924 inclusive.
Certified check for
2% of bid, payable to the County Treasurer, Is required.
Doerun, Colquitt County, Ga.—Bonds
Voted.—Reports
state that an election held Dec. 13 resulted in favor of propo¬
sitions to issue $8,500 school-building and $6,500 water¬
works bonds.
El
Campo, Wharton County, Tex.—Bonds Voted.—A
proposition to issue $350,000 5% 40-year drainage bonds
was favorably voted upon at a recent election.
El Centro, Imperial County, Cal.—Bond Sale.—The $69,000 5% 10-32-year (serial) coupon water-works-construction
bonds offered on March 15 and described in Y. 90, p. 646,
were sold on April
19, we are just advised, to James H.
Adams & Co. of Los Angeles.
Everett, Middlesex County, Mass.—Bond Offering.—Pro¬
posals will be received until 5p.m. Dec. 27 by Nathan Nich¬
ols, City Treasurer, for $25,000 4% tax-exempt coupon
sewer
bonds.
Authority, Chapter 438, Acts of 1910.
Denomination $1,000. Date
June 1 1910.
Interest semi-annually at the Old Colony Trust Co. in Bos¬
ton.
Maturity June 1 1940.
Bonds will be certified as to genuineness by
the Old Colony Trust Co. in Boston, who will further certify that the legality
of this issue has been approved by Storey, Thorndike, Palmer & Thayer
of Boston, a copy of whose opinion will be furnished to the purchaser.
Fairbury, Jefferson County, Neb.—Bonds Awarded in
electric-
Part.—Of the $115,000 water-works and the $20,000
172*
THE CHRONICLE
[VOL.
LXXXXI
light 5% bonds offered without success on Aug. 1 (V. 91, 5% school-house bonds has been
purchased by the State
602), $90,000 of the former issue and $10,000 of the latter School Fund at par. Denomination $200. Date
Nov. 25
issue have been disposed of at
par to Mr. Burnham, in ex¬
1910.
Interest semi-annual.
change for his plant. Mr. Burnham’s attorney held that
Hearne, Robertson County, Tex.—Bonds Voted.—Propo¬
the bonds were void on account of
irregularities in the pro¬ sitions to issue water-works
and electric-light bonds were
ceedings. A friendly suit was then started in the District
favorably voted upon, according to reports, at an election
Court and the latter rendered a decision
declaring the bonds held Dec. 14.
valid.
The case was appealed to the
Supreme Court and
Hill County Common School District No. 98, Tex.—Bond
that body upheld the decision of the lower Court.
Mr.
p.
Burnham then took the bonds.
Bond
Offering.—The city is now offering at par the re¬
maining $25,000 water and $10,000 electric-light 5% bonds
of the above issues.
The water bonds are optional after
five years and the electric-light bonds after ten
years. They
are dated Aug. 1 1910 and interest is
payable semi-annually.
Fergus County School District No. 14, Mont.—Bond Offer¬
ing.—Proposals will be received until 2 p. m. Dec. 26 by
Grace Harris Clegg, Clerk (P. O.
Lewistown),for $2,200 6%
coupon school-building bonds.
Denomination 2 bonds of 21,000 each and 1 bond of $200.
Date Jan. 2
Interest annual.
Certified check for 5% of bonds, payable to the
Clerk of District, Is required.
No bonded debt at present.
Assessed valu¬
ation 1910, $105,710.
1911.
Sale.—The $12,500 5% 10-40-year (optional) bonds
regis¬
tered by the State Comptroller on
July 11 (V. 91, p. 230)
were
sold
on
Dec. 1.
Hudson, Summit County, Ohio.—Bond Sale.—On Dec. 20
the $3,000 4)^% coupon
road-improvement bonds described
in V. 91, p.
1527, were sold to the First National Bank of
Cleveland at 100.733 and accrued interest. The
following
bids were
received:
First Nat. Bank, Cleveland..$3,0221 Otis &
Hough, Cleveland
Hayden, Miller & Co., Cleve.. 3,0161
All bidders offered accrued Interest in addition
to their bids.
$500 yearly on Oct. 1 from 1912 to 1917 Inclusive.
$3,003
Maturity
Iroquois County (P. O. Watseka), Ill.—No Bond Election.
Fort Smith and Van Buren Bridge District (P. O. Fort
Smith), Ark.—Bond Sale.—The Mercantile Trust Co. of
—All steps
looking towards the holding of a proposed elec¬
tion to vote on the question of
issuing $200,000 court-house
bonds have been canceled.
St. Louis is said to have been the successful bidder on Dec. 20
for $600,000 5% bridge-construction bonds.
See V. 91,
ceived
p.
478.
Fort Worth, Tex.—Bonds Proposed.—It is stated in local
papers that this city is considering the advisability of issuing
Kansas
City, Mo.—Bids.—The following bids
were
re¬
Dec. 15 for the $500,000 4% and the
$250,000
(three issues) 4J^% 20-year bonds awarded to the Pioneer
Trust Co. of Kansas City, Mo., at 100.441
(V. 91, p.
The following bids were received for the entire issue: 1661).
on
Pioneer Trust Co., Kansas City, Mo
$2,000,000 improvement bonds.
$753,313 00
Commerce Trust Co., Kansas City, Mo
Fossil, Wheeler County, Ore.—Bond Sale.—We have just Harris Trust & Savings Bank, Chicago; Merrill, Oldham & Co., 752,965 00
Boston.; H. P. WrTght Investment Co., Kansas City, Mo.. 752,468
been advised that the $8,000 6% 10-year
00
gold coupon re¬ Sutherlln & Co., Kansas City, Mo
funding water bonds offered without success on March 25 E. H. Rollins & Sons. Chicago; Wm. A. Read & Co., Chicago: 751,900 00
Perry, Coffin & Burr, Boston
751,417 50
(V. 90, p. 1254) were sold on April 1.
Wm. R. Compton Co., St. Louis; A. B. Leach &
Co., Chicago.. 750,377 00
Framingham (P. O. South Framingham), Middlesex Farson, Son & Co., Chicago
750,355 00
Bids for $250,000 of the bonds were as follows:
County, Mass.—Note Sale.—Dispatches state that, a tem¬
porary loan of $25,000 has been negotiated with Estabrook Parkinson & Burr, N. Y...$260,7031 Weil, Roth & Co., ICincln $257,750
Kountze Bros., N. Y
258,680 |Seasongood&Mayer, /
& Co. of Roston at 3.48% discount and a
premium of 50
Kansas City Park District (P. O. Kansas
#ents.
Maturity June 20 1911.
City), Kan.—
Purchaser of Bonds.—The Commerce Trust Co. of Kansas
Freewater, Umatilla County, Ore—Bond Sale.—An issue
of $16,000 6% 10-20-year (optional) water-works bonds was City was awarded the $95,000 5% coupon park-improve¬
ment bonds recently sold
by this district. V. 91, p. 1587.
disposed of on Dec. 10 to George Jaeger at par. Denomina¬
Denomination $500.
Date Dec. 15 1910.
Interest semi-annually at the
tion $500. Date Nov. 1 1910. Interest Jan. and
State Treasurer's office in Topeka.
July.
Maturity $9,500 yearly on Dec. 15
from 1921 to 1930 Inclusive.
Galesburg, Knox County, Ill.—Bond Sale.—E. H. Rol¬
Kaw Valley Drainage District (P. O. Kansas
lins & Sons of Chicago recently purchased at 104.07
City), Wy¬
$25,000
4J^% 20-year water bonds. This is on an interest basis of andotte County, Kan.—Description of Bonds.—We are in¬
formed that the $1,225,000 5% river-improvement
about 4.20%.
(Series C)
Date Dec. 1 1910.
Interest semi-annually in Galesburg.
bonds,
the sale of which was reported in V. 91, p. 1587, are
These bonds
were disposed of on Oct. 3 to A. B. Leach & Co. of
Chicago, but, as reported
coupon in form, with privilege of registration as to prin¬
In V. 91, p. 1197, were subsequently refused by them.
The above securi¬
ties are part of the issue of $75,000 bonds which were authorized
cipal. They are in denomination of $1,000 each.
by the
voters
(V. 91, p. 1400) on Nov. 8.
Garrison School District (P. O.
Garrison), Nacogdoches
County, Tex.—Bonds Voted.—According to reports, a propo¬
sition to issue $10,000
school-building bonds carried by a
vote of 95 to 8 at
an
election held Dec. 10.
Gordo, Pickens County, Ala.—Bonds Not Sold.—No satis¬
factory bids were received on Dec. 19 for the $6,000 5%
20-vear gold coupon school-building bonds described in
V. 91, p.1467.
Granby, Newton County, Mo.—Bond Sale.—On Dec. 15
the $18,000 5}^% coupon water-works bonds described in
V. 91, p. 1467, were sold to S. A. Kean & Co. of
Chicago at
101.42.
A list of the bidders follows:
S. A. Kean & Co., Chlcago.$18,255 60 John Nuveen &
Co., Chic-$18,000 00
C. H. Coffin & Co., Chic__ 18,201 00
Cutter, May & Co., Chic._ 18.000 00
Farson, Son <Ss Co., Chic__ 18,060 00 A. G. Decourcy
al8,000 00
a
Less $850 commission.
Grand Rapids School District (P. O. Grand
Rapids), Kent
County, Mich.—Bond Offering.—This district is offering to
local investors at 101 and accrued interest from
Sept. 1 1910
the issue of 4% coupon
high-school-building
bonds men¬
tioned in V. 91, p. 52.
Subscriptions will be received, ac¬
companied by a deposit of 5% of bid, on Jan. 3 4 and 5 1911.
Denominations $100, $500 and $1,000.
Interest semi-annually in March
and September.
Maturity 1915 and 1916. The bonds are tax-exempt.
Greenville, Hunt County, Tex.—Bonds Voted.—The issu¬
of $50,000 water-works bonds was authorized
by a vote
of 104 to 58, it is stated, at an election held Dec. 12.
Bonds Registered.—The State Comptroller on Dec. 13
registered $100,000 5% street-improvement and $70,000 5%
ance
school-house bonds,
Hardin County (P. O. Kenton), Ohio.—Bond
Offering.—
Proposals will be received until 12 m. Jan. 3 1911 by Elmer
J. Carey, County Auditor, for $37,167 89
bonds.
4)^% refunding
Authority Section 5656, General Code.
Denomination $1,000. except
one bond of $1,167 89.
Date Jan. 2 1911.
Interest March 1 and Sept. 1.
Maturity $12,167 89 Sept. 1 1915, $12,000 Sept. 1 1916 and $13,000
Certified check for cash) on a Kenton bank for $500,
Sept. 1 1917.
pay¬
able to the County Auditor, is required.
| Bond Sale.—The First National Bank of Cleveland
,,
,
Dayies-Bertram Co. of Cincinnati.
Hayti Independent School District No. 1 (P. O. Hayti),
Hamlin County ,J5o._Dak.—Bond
Sale.—An_issue-iofA$3,750
King County (P. O. Seattle), Wash.—Bond Sale.—On
$200,000 and $113,000 4V4% refunding bonds were
sold, according to Seattle papers, to the National Bank of
Commerce in that city at par.
Purchaser to pay for the
printing of bonds and all other expenses. The $200,000
bonds mature $10,000 yearly from one to twenty years in¬
clusive and the $113,000 bonds are due $5,000
yearly from
one to ten years inclusive,
$6,000 yearly from eleven to
seventeen years inclusive and $7,000
yearly from eighteen to
twenty years inclusive.
La Grande, Union County, Ore.—Bond
Offering.—Pro¬
posals will be received until 8 p. m. Dec. 28 by D. E. Cox,
City Recorder, for $10,000 5% sewer bonds.
Dec. 14
Denomination $1,000.
Interest semi-annual.
Maturity 20 years, sub¬
ject to call after 10 years.
Certified check for $1,000 is required.
Las Animas County (P. O. Trinidad), Colo.—Bond Sale.—
E. H. Rollins & Sons of Chicago were the successful bidders
on Dec. 15 for the $155,000
4J^% coupon refunding bonds
described in V. 91, p. 1587.
Maturity April 1 1931, subject
to call after April 1 1921.
Lowell, Middlesex County, Mass.—Bond Offering.—Pro¬
posals will be received until 10 a. m. Dec. 28 by Andrew G.
Stiles, City Treasurer, for $60,000 4% coupon water-works
bonds.
Denomination $1,000.
Date Dec. 1 1910.
Interest semi-annually at
the Old Colony Trust Co. in Boston.
Maturity $6,000 yearly on Dec. 1
from 1911 to 1920 Inclusive.
Bonds are tax-exempt In Massachusetts.
Bonds will be certified as to genuineness by the Old Colony Trust Co. of
Boston, which will further certify that the legality of the bonds has been
approved by Storey, Thorndike, Palmer & Dodge of Boston, a copy of
whose opinion will be furnished to the purchaser without charge.
McKees Rocks School District (P. O. McKees Rocks),
Allegheny County, Pa.—Bond Offering.—Proposals were
asked for until 6 p. m. yesterday (Dec. 23) by Dr. J. A.
Barr,
Secretary, for $75,000 4J^% coupon funding bonds.
Denomination $1,000.
Interest Jan. 2 and July 2.
Maturity $5,000
1911, $20,000 Jan. 2 1921 and $25,000 on Jan. 2 In each of the
years 1926 and 1931.
Bonds are tax-exempt.
The result of this offering
was not known to us at the hour of going to press.
Jan. 2
was
the successful bidder on Dec. 19 for the
$27,240 5% ditchconstruction bonds described in V. 91, p. 1586.
The price
paid by the bank was $27,591 (101.251) and accrued in¬
A bid of $27,557 was also received from
terest.
Hayden,
Miller & Co. of Cleveland and another of
$27,391 from the
f
Date Dec. 1 1910.
Interest semi-annually at the State Treasurer’s office
in Topeka.
Maturity March 1 1940. Total bonded debt of district. In¬
cluding this Issue, $1,285,000." No floating debt.
Assessed valuation
for 1910, $48,676,200.
Real value (estimated), $100,000,000.
The le¬
gality of these bonds has been certified to by Wood & Oakley of Chicago
and Hawkins, Delafleld & Longfellow of New York
City.
Manistee, Manistee County, Mich.—Bond Election.—An
election will be held April 3 1911 to vote on a
proposition to
issue $90,000 lighting and power-plant bonds.
Marion, Grant County, Ind.—Bonds Not Sold.—The City
Clerk advises
the
$50,000
us
that
4%
described in V. 91,
no
bids
were
received
Dec. 20 for
on
electric-light-plant-constnjction
p.
1662.
'
bonds
1725
THE CHRONICLE
Dec. 24 1010.
Marquette County (P. O. Marquette), Mich.—Bond Sale.—
On Dec. 20 the $15,000 4% 5-7-year (serial) tuberculosishospital bonds, a description of which was given in V. 91,
n. 1662, were sold to W. E. Moss & Co. of Detroit at par and
interest, less $48. The following bids were submitted:
Nome (Village), Barnes County—$3,500 20-year town-hall, fire-apparatus
and water-works bonds dated Sept. 30 1910.
Prosperity School District No. 81, Renville County—$800 20-year building
bonds dated Aug. 10 1910.
Shell School District No. 142,
bonds dated Sept. 15 1910.
Mountrail County—$700 10-year building
All of the above bonds were purchased direct from the
place issuing same.
$143
Nueces County Common School Districts, Tex.—Bond
W. E. Moss & Co., Detroit
$48 A. B. Leach & Co., Chicago
75 Wm. R. Compton Co., Chicago. 156
Harris Tr. & Sav. Bk., Chicago.
Sale.—We
are advised that the $10,000 bonds of District
E.
H.
Rollins
&
Sons,
225
Chicago._
N. W. Halsey & Co.. Chicago._/ 141
500
No. 25 and the $6,000 bonds of District No. 28 that were
1*261 Farwell Trust Co., Chicago
registered by the State Comptroller (V. 91, p. 745) on July 6
If payable lii Marquette.
were sold on Dec. 1 to the State School Fund at par and in¬
A bid of $15,008, less $282, was also received from A. J. Hood & Co. of
terest.
The securities carry 5% interest and mature in 40
Detroit.
All bidders offered accrued interest In addition to their bids.
years, but are subject to call after 10 years.
Marshall County (P. O. Warren), Minn.—Bond Sale.—
Oconto, Oconto County, Wis.—Bond Offering.—Proposals
The Security Trust Co. of St. Paul on Dec. 10 was awarded
will be received until 2 p. m. Dec. 27 by B. M. Mulvaney,
an issue of $200,000 5% 10J^-year (average) drainage bonds.
Denomination $1,000. Date Jan. 2 1911. Interest semi¬ City Clerk, for the $25,000 5% harbor-improvement bonds
voted (V. 91, p. 1199) on Oct. 11.
annual
Par
less
Par
less
•
.
Independent School District (P. O. Mart), McLennon
County, Tex.—Bonds Awarded in Part.—The State School
Fund on Dec. 1 purchased, at par and interest, $5,000 of the
$40,000 5% 20-40-year (optional) school-house bonds offered
on June 20.
This makes a total of $35,000 bonds sold to
the State to date.
See V. 91, p. 1344.
Mart
(P. 0. Maxwell),
$6,500 5% 20-year
school-building and site bonds registered by the State
Comptroller on Oct. 14 (V. 91, p. 1278) have been purchased
by funds of Caldwell County. The price paid was par.
Maxwell Independent School District
Caldwell County, Tex.—Bond Sale.—The
Denomination $500.
Date Oct. 10 1910.
Interest semi-annual.
Milwaukee, Wis.—Official Vote on Bonds.—The following
is the official vote that was cast at the Nov. 8 election, which,
as
reported in V. 91, p. 1401, resulted in favor of three propo¬
sitions to issue bonds:
10,645 “for” to 7,707 “against” the proposition to
tric-light bonds.
11,171 “for” to 7,271 “arainst” the proposition to
tral-police-station bonds.
issue the $550,000 elec¬
issue the $250,000 cen¬
11,985 “for” to 6,689 “against” the proposition to Issue the
bath-house bonds.
$10,000 public
Walworth County, S. Dak.—Bond Sale.—
aggregating $10,000 have been bought
by a Chicago firm at par.
Monrovia, Los Angeles County, Cal.—Bond Sale.—On
Dec. 16 the two issues of 5% 1-40-year (serial) gold coupon
improvement bonds, aggregating $170,000, described in
V. 91, p. 1587, were awarded to N. W. Halsey & Co. of San
Francisco for $175,511 50 (103.242) and accrued interest.
Bids were also received from the Wm. R. Staats Co., Pasa¬
dena; E. H. Rollins & Sons, San Francisco; J. H. Adams &
Co., Los Angeles, and the Granite Bank & Trust Co., Mon¬
Mobridge,
Two issues of bonds
rovia.
Village Clerk has
just advised us that the $53,000 4% sewer-system-construc¬
tion bonds offered on April 12 and described in V. 90, p. 1000,
were awarded on April 22 to the Kingston Savings Bank of
Kingston, Schenectady Savings Bank, Home Savings Bank
and Union Savings Bank at par.
Monticello, N. Y.—Bond Sale.—The
Date March 12 1910.
Interest January and July.
Maturity $2,000
yearly on July 1 from 1911 to 1934 inclusive and $5,000 on July 1 1935.
Moose Lake, Carlton County, Minn.—Bond Sale.—We are
in receipt of a letter from the Recorder of this municipality
advising us that the $4,500 6% 19-year water and jail bonds
offered on April 9 have been awarded to the First National
Bank in Cloquet at par.
Denomination $250.
Date April 1 1910.
Interest semi-annual.
Independent School District (P. O. Mt.
Pleasant), Titus County, T6X.—Bonds Awarded in Part.—On
Dec. 1 the $9,000 bonds—the unsold portion of the issue of
$32,000 5% 10-40-year (optional) building bonds mentioned
in V. 91, p. 978—were sold to the State School Fund at par
and accrued interest.
See V. 91, p. 1344.
Muskogee, Okla.—Bonds Proposed.—Reports state that
this city proposes to issue $500,000 water and sewer-systemimprovement bonds.
Navarro County Common School District No. 21, Tex.—
Mt.
Pleasant
Bond Sale.—On Dec. 1 the State School Fund was awarded
$6,000 5% 10-40-year (optional) bonds at par and accrued
interest.
Newark, Licking County, Ohio.—Bond Sale.—On Dec. 19
eight issues of 5% street-improvement assessment bonds,
aggregating $40,610, described in V. 91, p. 1662, were
awarded to the Citizens’ Safe Deposit & Trust Co. of Toledo
at 104.511 and accrued interest.
The following bids were
the
received:
Cit.
SafeDep.&Tr.Co.,Tol.$42,442 00] Hayden. Miller<ScCo., Clev.$12,300 00
| Breed & Harrison, Cincin. 42,260 43
Seasongood & Mayer, Cln. 42,392 54
Purchased
by the State during
November.—During the month of November the following
4% bonds, aggregating $18,500, were disposed of at par to
North
Dakota.—Bonds
the State of North Dakota.
Bonanza School District No. 12, Morton
County—$600 13-year refunding
bonds, dated Aug. 10 1910.
Dunseith (City), Rolette County—$4,500 10-year funding bonds dated
Sept. 30 1910.
Fort Rice School District No. 69, Morton County—$400 13-year refunding
bonds dated Aug. 10 1910.
Grilley School District No. 33, McHenry County—$5,000 20-year building
bonds, dated Sept. 15 1910.
Merricourt School District No. 4, Dickey Cofinty—$3,000 10-year building
bonds dated Sept. 15 1910.
Date Dec. 31 1910.
Interest semi-annually at
Denomination $500.
the City Treasurer s office.
Maturity $2,500 yearly on Dec. 31 from 1911
to 1920 inclusive.
Certified check for 2% of bonds bid for, payable to the
City Treasurer, is required.
Oklahoma City, Okla.—Bond Election.—Reports state that
election will be called next month to vote on the question
an
issuing $1,200,000 water-supply-system bonds.
Ontario) San Bernardino County, Cal.—Bonds Awarded
in Part.—On Dec. 5 $95,000 of the $175,000 5% water-im¬
provement bonds mentioned in V. 91, p. 1529, were awarded
of
to
the
First National
following bids
were
Bank in Ontario at 102.105.
The
received:
First Nat. Bank, Ontario
$97,000)J. H. Adams &
W. R. Staats Co., Los Angeles 96,695 [ Barroll & Co.,
Denominations $1,000 and $375.
Date Jan. 1
annual.
Maturity beginning In 1912.
Co., Los Ang_$96,500
Los Angeles.. 96,075
1911. Interest semi¬
Orleans, Harlan County, Neb.—Bond Sale.—The $20,000
5-20-year (optional) water-works-system bonds mentioned
in V. 91, p. 1529, were awarded on Dec. 1 to the Continental
& Commercial Trust & Savings Bank in Chicago.
Overpeck Township School District (P. O. Ridgefield
Park), N. J.—Price Paid for Bonds.—We are advised that
N. W. Halsey & Co. of New York City paid 102.551 for the
$7,000 5% school-house-site bonds awarded them (V. 91,
p. 1663) on Dec. 9.
This is on an interest basis of about
4.80%. An offer of 101.743 was also received from N. W.
Harris & Co. of New York City.
A bid was submitted by
R. M. Grant & Co. of New York, but we are informed that
it was received too late to be opened.
Denomination $1,000.
1
Ridgefield.
Date Dec.
the First National Bank of
and $4,000 on Dec. 1 1930.
Interest semi-annually at
1910.
Maturity $3,000 on Dec. 1 1929
Pittsburgh, Pa.—Bond Offering.—Papers state that pro¬
posals will be received until 3p.m. Dec. 29 by E. S. Morrow,
City Comptroller, for the following 4.25% bonds, aggregating
$4,879,000, being part of the $10,305,000 bonds voted on
Nov. 8 (V. 91, p. 1663).
Amount.
Purpose—
Purpose—
Amount.
North Side pumping station.$570,000 Try Street sewer
$144,000
205,000
90,000 Negley Run sewer
90,000
Improving parks
vice)
180,000 Freeing Allegheny River
bridges
300,000
Grading flood streets
390,000
Point Bridge
240,000
930,000 Tuberculosis hospital
Two bridges on Atherton
Incinerating plant
90,000
Avenue
150,000 City Hall
1,500,000
Interest semi-annual.
The bonds are
Maturity one-thirtieth yearly.
exempt from State tax.
Pumping station repairs
Baffle dams (filtration de¬
Pittsville, Wood County, Wis.—Bond Offering.—Pro¬
posals will be received until 12 m. Dec. 30 (postponed from
Dec. 22) by Hart Beyer, City Clerk, for $4,000 5% coupon
bridge bonds.
Authority, Wisconsin Statutes 1898, Sections 943 and 944.
nation $500.
Date Dec. 31 1910.
Interest Jan. 1 and
Pittsville State Bank.
Maturity $500 on Jan. 31 in each
Certified cehck on some national or
1915 to 1929 inclusive.
1% of bonds bid for Is required.
$169,111.
Denomi¬
July 1 at the
odd year from
State bank for
No bonded debt at present. Assessed
valuation
Portland, Me.—Note Offering.—Proposals will be recevied
until 11 a. m. Dec. 29 by Samuel S. Gilbert, City Treasurer,
for $465,157 notes.
Date “day of issue.”
Maturity April 1 1911. Notes will be certified
to by the First National Bank of Boston.
Portland, Ore.—Bonds Refused.—The $500,000 4% gold
bridge-construction bonds disposed of on Nov. 7 to the syndi¬
cate composed of E. H. Rollins & Sons, N. W. Halsey & Co.
and A. B. Leach & Co., all of Chicago (V. 91, p. 1401), have
been refused by them, according to local papers.
Bond Sale.—The $161,275 51
6% 10-year improve¬
ment bonds offered on
December 12 (V. 91, p. 1588) were
disposed of as follows: $152,275 51 to the Davis & Struve
Bond Co. at 100.321; $6,000 to Julia Chemin at 100.50;
$2,000 to Isaiah Buckman at 100.50 and $1,000 to the Mer¬
chants’ Savings & Trust Co. at 100.50.
Purchasers to pay
accrued interest.
The following bids were received:
The Davis & Struve Bond Co., 100.321 for the entire issue; Julia Chemin,
100.50 for $6,000 bonds; Isaiah Buckman, 100.50 for $2,000 bonds; Mer¬
chants’ Savings & Trust Co., 100.50 for $1,000 bonds; Hoehler & Cummings,
Toledo, 100.105 for $50,000 bonds: W. F. White, 100.02 for $24,000 bonds;
F. Henderson, 100.125 for $3,000 bonds; F. J. Chamberlain, 100.25 for
$2,000 bonds; United States National Bank, par for $50,000 bdnds; J. H.
Middleton, par for $27,000 bonds; C. E. McCrone, par for $10,000 bonds;
Trustees Educational Fund A. F. & A. M., par for $6,000 bonds; Jas. F.
Robinson, par for $1,000 bonds, and E. S. McCoy, par for $500 bonds.
All
bidders offered accrued interest in addition to their bids.
Portland School District No. 1 (P. O. Portland), Multno¬
mah County, Ore.—Bond Sale.—The County Treasurer in¬
forms us that on Dec. 15 the $350,000 4}^% 10-20-year
(optional) gold high-school bonds described in V. 91, p. 1529,
awarded to the Harris Trust & Savings Bank of Chi¬
cago and Morris Bros, of Portland, jointly, for $354,401
(101.257) and accrued interest. A joint bid of $352,135
were
1726
THE CHRONICLE
and accrued interest was also rceeived from
Weil, Roth &
Co. and Seasongood & Mayer, both of
Cincinnati, and Farson, Son & Co. of Chicago, who was represented by the
Northern Trust Co. of Portland.
We learn from other
sources that two propositions
were submitted by the suc¬
cessful bidder, one a bid of 100.89 and interest for the bonds
advertised, and the other a bid of 101.25 and interest
$200,000 of the proceeds of the sale of the bonds
deposited in a local bank for a period of six months
as
rovided
e
without interest.
Price, Carbon County, Utah.—Bond Sale.—The Town
6% 10-20-year gold
Clerk has just written us that the $9,000
coupon electric-light-plant-construction
bonds offered
[VOL.
Denomination $1,000.
Date Jan. 1 1911.
Interest
the First National Bank In Somerville.
Maturity $1,000
to 1916 inclusive.
Bonds are tax-exempt.
LXXXXI.
semi-annually at
yearly from 1912
Somerset, Somerset County, Pa.—No Action Yet Taken.—
Under date of Dec. 19 we are advised that no action has
yet
been taken towards the issuance of the $25,000
water-systemimprovement bonds voted Nov. 26 (V. 91, p. 1589).
South Amboy, Middlesex County, N. J.—Bond
Offering.—
Proposals will be received until 8 p. m. Jan. 10 1911 by the
Finance Committee and Joseph|F.
Fulton, City Clerk, for
$75,000 5% coupon (with privilege of registration) sanitary
sewer
on
bonds.
Denomination $1,000.
Date Jan. 1 1911.
Maturity $2,000 yearly on
April 4 and described in V. 91, p. 727, were awarded on that Jan.
1 from 1911 to 1940 inclusive and
$3,000 yearly on Jan. 1 from 1941
day to the Utah Savings & Trust Co. in Salt Lake City for to 1945 inclusive.
$9,375—the price thus being 104.166.
The official notice of this bond
offering will be found among
Roby Independent School District (P. O. Roby), Fisher the advertisements elsewhere in this Department.
County, Tex.—Bond Sale.—On Dec. 1 the State School Fund
Sultan, Snohomish County, Wash.—Bond Sale.—On Dec.
was awarded
$14,500 5% 20-40-year (optional) school-build¬ 16 $10,000 6%
(optional) water-works bonds were
ing bonds at par and accrued interest. The bonds were awarded to the 1-20-year
State of Washington at par.
No other bids
registered by the State Comptroller on July 11 and were were received.
Denomination $250.
Date, “day of issue.”
offered (V. 90, p. 1509) but not sold on June 8.
Interest annual.
Rock Falls, Whiteside County, Ill.—Bond Sale.—On Dec. 1
Summit County (P. O. Akron), Ohio.—Bond Sale.—On
the $8,000 5% Dixon Ave. improvement bonds mentioned
Dec. 22 the twTo issues of
4)^% coupon road-improvement
in V. 91, p. 1402, were awarded to the Continental & Com¬
bonds, aggregating $345,000, described in V. 91, p. 1589,
mercial Trust & Savings Bank in Chicago at
par.
were awarded, it is
.
Authority, vote of 82 to 2 at the election held Nov. 22 1910. Maturity
$2,000 on Dec. 1 in each of the years 1912 and 1913, $3,000 on Dec. 1 1914
and $1,000 on Dec. 1 1915.
Rome, Ga.—Vote.—The following vote
was cast at
the
election held Dec. 6, which, as reported in V.
91, p. 1663,
resulted in favor of the propositions to issue the
$275,000
4% bonds:
861
895
898
894
“for”
“for”
“for”
“for”
to
to
to
to
56 “against” the $100,000 public-school bonds.
21 “against” the $50,000 street-paving bonds.
16 “against” the
50,000 sewer bonds.
20 “against” the
75,000 water-works-improvement
bonds.
Date of
offering not yet determined.
Roseau, Roseau County, Minn.—Bond Offering.—Further
details are at hand relative to the offering on Dec. 27 of the
$11,000 coupon funding bonds mentioned in V. 91, p. 1663.
Proposals for these bonds will be received until 7 p. m. on
that day by P. H. Buran, Village Clerk.
Authority Chapter 123, Laws of 1905.
Dec. 6 1910.
Dec. 6 1925.
*
Denomination $1,000.
Date
annual.
Maturity
Assessed valuation In 1910, $129,700.
Interest (at
a rate not
to exceed 6%)
Rowe School District, Cal.—Bond Sale.—N. W.
Halsey &
Co. of San Francisco are reported as having purchased
$21,5% bonds for $21,363, or 101.728.
Ruggles Township School District (P. O. New London),
Huron County, Ohio.—Bond Sale.—On Dec. 19
$8,000 5%
school-house bonds were awarded to Barto, Scott & Co. of
Columbus for $8,325—the price thus being 104.062.
000
Denomination $800.
Maturity $800 yearly
on
Date Dec. 19 1910.
Interest March 1 and Sept. 1.
Sept. 1 from 1912 to 1921 inclusive.
San
Diego School District (P. O. San Diego), San Diego
County, Cal.—Bonds Voted.—The $200,000 5% 5-40-year
(serial) high-school-building bonds mentioned in V. 91, p.
»
stated, as follows:
$248,000 county’s portion bonds to Hayden, Miller & Co. of Cleveland
at
102.08.
Maturity $25,000 yearly on Oct. 1 from 1912 to 1920
inclusive and $23,000 Oct. 1 1921.
97,000 assessment bonds to the First National Bank in Cleveland
at
100.96.
Maturity $16,000 yearly on Oct. 1 from 1911 to 1915
inclusive and $17,000 Oct. 1 1916.
Bonds are tax-exempt In Ohio.
Troup County (P. O. Lagrange) Ga.—Bond Sale.—The
$200,000 5% road and bridge bonds voted on Nov. 8 (V. 91,
p. 1402) have been sold, it is stated, to the RobinsonHumphrey Co. of Atlanta. Maturity $100,000 in 20 years
and $100,000 in 30 years.
Ventura Union High School District, Ventura
County,
Cal.—Bond Sale.—The $75,000 5%
gold high-school-build¬
ing bonds, bids for which were rejected on Oct. 6 (V. 91,
p. 1052), were awarded on Dec. 9 to the Harris Trust &
Savings Bank of Chicago at 103.276. The following bids
were received:
Harris Tr. & Sav.
Bk., Ch.$77,457 50 State Bk. of Examiners ..$77,240 00
J.H.Adams&Co., Los Ang. 77,410 00 W. R. Staats & Co., Pasa. 77,130 00
N. W. Halsey & Co., S.Fr. 77,257 50 E. H.
Roliins&Sons, S. Fr. 76,928 00
Maturity $3,000 yearly from 1912 to 1936 inclusive.
Ward
County Common School District
No. 2, Tex.—Bond
advised that the State School Fund
bought
$4,000 5% 5-10-year (optional) bonds on Dec. 1 at par and
accrued interest.
Sale.—We
are
West New York (P. O. Station 3,
Weehawken), Hudson
County, N. J.—Bonds Voted.—This town recently voted in
favor of issuing $125,000 bonds.
The vote was 72 “for” to
none
“against.”
Wichita School District (P. O. Wichita), Sedgwick
Kans.—Bond Offering.—In addition to the
County,
$50,000 5% high1345, were authorized by'a vote of 1,346 “for” to 30F school-building, heating and equipment bonds to be offered
at 12 m. Jan. 2 1911 (V.
91, p. 1665), proposals will also
“against” at an election held Dec. 9.
be received at the same time and place
by the Board of Edu¬
Seattle, Wash.—Bond Offering.—Proposals will be re¬
cation, C. S. Caldwell, Secretary, for $25,000 5% high-school¬
ceived until 12 m. Jan. 16 1911 by Wm. J. Both
well, City
bonds.
Comptroller, for the following coupon (with privilege of building
The $25,000 bonds will be in denominations of not less than
$100 each
registration) bonds mentioned in V. 91, p. 1530:
and the $50,000 bonds in denominations to suit
purchaser, but not to ex¬
a$l,000,000 park bonds.
“Date day of issuance.”
Maturity 20 years.
Certified check for $15,000 is required.’
*
a421,000 gold general municipal bonds.
Date July 1 1910.
Maturity
$20,000 yearly on July 1 from 1911 to 1929 Inclusive and $41,000 July 1 1930.
Certified check for $10,000 is required.
a400,000 gold refuse-disposal-plant-construction bonds.
Date July 1
1910.
Maturity $20,000 yearly on July 1 from 1911 to 1930
inclusive.
Certified check for $10,000 is required.
alOO.OOO municipal-light-extension bonds.
Date “day of Issuance.”
Maturity 20 years.
Certified check for $10,000 is required.
£46,000 Georgetown funding bonds.
Date “day of issuance.”
Ma¬
turity .20 years.
Certified check for $5,000 is required.
a Interest rate not to exceed 4
XA%.
x Interest rate not to exceed 5%.
Denomination $1,000.
Interest payable semi-annually at fiscal agency
of State of Washington in New York
City. The interest on the $46,000
funding bonds may also be payable at the City Treasurer’s office. Certified
checks to be on a Seattle bank, payable to the
City Comptroller and exofflcio City Clerk.
Official circular states that this city has never defaulted
in either principal or interest, having always met its
obligations promptly.
Sheboygan, Sheboygan County, Wis.—Bid§.—The follow¬
ing bids were received on Dec. 15 for the $96,000 4^% re¬
funding bonds, a description of which was given in V. 91,
p. 1530:
.
Edmund Bros., Boston
$97,526 40 Estabrook & Co., Boston_$97,027
C. E. Denison & Co., Clev. 97,373 00 Harris Trust &
Savings
E. H. Rollins & Sons, Chic. 97,257 60
Bank, Chicago
96,808
Continental Trust & Sav¬
Spitzer & Co., Toledo
96,543
ings Bank, Chicago
97,115 00 S. A. Kean & Co., Chicago 96,528
Emery, Peck & Rockwood,
Chicago
97,089 60
Maturity $6,000 yearly on March 1 from 1914 to 1929 inclusive.
20
00
00
00
Somers and Carmel School District No. 8
(P. O. Baldwin
Place), Westchester County, N. Y.—Bond Sale.—During
October an issue of $2,500 5% school-house bonds was
awarded, according to advices just received, to the Peekskill
Savings Bank in Peekskill at par.
Denomination $500.
Interest annual
on
Dec. 1.
Maturity 1916.
Somerville, School District (P. O. Somerville), Somerset
County, N. J.—Bond Sale.—On Dec. 12 an issue of $5,000
4^% coupon site-purchasing bonds was awarded to the
First National Bank in Somerville at 100.552.
ing bids
were
The follow¬
received:
First Nat. Bank, Somerv—$5,027 601 Jacob Hyler (2 bonds)
$2,005 00
Isaac W. Philhower.
5,020 00|C. D. McMurbey (2 bonds). 2,004 00
ceed $1,000 each.
Both issues are dated Jan. 2 1911 and mature Jan. 2
1931, being subject to call, however, after Jan. 2 1921.
Interest is payable
semi-annually at the State Treasurer’s office in Topeka.
Certified check
(or cash) for 2% of bonds bid for, made payable to E. A. Dorsey, Treasurer,
is required.
All bids are subject to the action of the Kansas State Perma¬
nent School Fund Commission.
Wilmette School District No. 39 (P. O. Wilmette), Cook
County, Ill.—Bond Sale.—On Dec. 13 $29,500 4% school¬
building bonds were awarded to N. W. Halsey & Co. of
Chicago at 98 and accrued interest. A bid was also received
from E. H. Rollins & Sons of Chicago.
Winthrop, Suffolk County, Mass.—Bond Offering.—Pro¬
posals will be received until 11 a. m. Dec. 28 by Harry W.
Aiken, Town Treasurer, for $21,000 4% coupon general
municipal bonds.
Denomination $ 1:000.
Date Dec. 1 1910.
Interest semi-annually at
the Old Colony Trust Co. In Boston.
Maturity $3,000 Dec. 1 1911 and
$2,000 yearly on Dec. 1 from 1912 to 1920 inclusive.
Bonds are taxexempt ih Massachusetts.
Bonds will be certified as to their genuineness
by the Old Colony Trust Co. of Boston, which will further certify that the
legality of this issue has been approved by Ropes, Gray & Gorham of
Boston, a copy of whose opinion will be furnished without eharge to the
purchaser.
Woburn, Middlesex County, Mass.—Bond Sale.—On Dec.
21 $40,000 1-10-year (serial) coupon municipal bonds were
awarded it is stated to R. L. Day & Co. of Boston at 101.567.
Denomination $1,000.
Date July 1
the Second National Bank In Bostoa.
1910.
Interest semi-annually at
Wyandotte, Wayne County, Mich.—Bond Sale.—On Dec.
4^%
15 the $68,000
sewer-extension bonds mentioned in
V. 91, p. 1471, were awarded to the Wyandotte
Savings
Bank in Wyandotte at 106.764.
Following are the bids
received:
Wyandotte Sav. Bk., Wyan_$72,600
Ulen & Co., Chicago
72,460
Detroit Trust Co., Detroit._ 72,352
H. W. Noble & Co., Detroit- 72,352
First Commercial Savings
Bank, Wyandotte.
First Nat. Bank, Detroit
W. E. Moss & Co., Detroit..
Security Trust Co., Detroit..
Bumpus-Stevens Co., Detroit
Farson, Son & Co., N. Y
72,000
72,000
71,815
71,655
71,542
71,500
H. T. Holtz & Co., Chicago..$71,076
Otis & Hough, Cleveland
71,060
Seasongood & Mayer, CIncin.
Spitzer & Co., Toledo
A. B. Leach & Co., Chicago..
Wm. R. Compton, St. Louis.
McCoy & Co., Chicago
Coffin & Crawford, Chicago._
S. A. Kean & Co., Chicago._
Woodin, McNear & Moore,
Chicago
70,809
70,781
70,393
70,087
69,530
69,360
69,156
68,350
Deo. 24
1737
THE CHRONICLE
1910.]
A bid was also received from
nation
$1,000.
Date Jan. 2
Jan. 2 1941.
N. W. Halsey & Co. of Chicago.
Denomi¬
Canada, its Provinces and Municipalities.
Basano, Alberta.—Debenture Offering.—Proposals will|be
Yakima County School District No. 7, Wash.—Bond Of¬
received, according to reports, for $2,000 7% debentures.
fering.—Proposals will be received until 10 a. m. Dec. 31 by Maturity $200 yearly.
Frank Bond, County Treasurer (P. O. North Yakima), for
Ganora, Sask.—Debenture Offering.—Proposals will” be
$75,000 coupon school-district bonds at not exceeding 6%
received by Wm. Sharp, Secretary-Treasurer, for $7,500
interest.
1911.
Interest semi-annual.
Maturity
Authority, Sections 117, 118, 119, &c., of Public Instruction Laws oj
1897, pages 357 et seq.; also election held Dec. 3.
Denomination $1,000.
Date “day of issue” or may be dated on the first of some month, at the
option of bidder.
Interest annually at the County Treasurer’s office.
Maturity 20 years, subject to call after 1 year.
Neb.—Bond Election.—Reports state
York, York County,
that an election will be held Dec. 27 to vote on a proposition
to issue $55,000 water-works-purchasing bonds.
Yorktown Independent School District
DeWitt County, Tex.—Bond Sale.—The
(P. O. Yorktown),
$20,000 5% 10-20-
(optional) school-house bonds offered without success
July 16 (V. 91, p. 749) were sold on Dec. 1 to the State
School Fund at par and accrued interest.
Youngstown, Ohio.—Bond Offering.—Proposals will be
received until 2 p. m. Jan. 9 1911 by Wm. I. Davies, City
Auditor, for the following 5% street-improvement bonds:
year
on
$985
9,030
$275
1,495
465
630
395
Denomination $197.
Star St. sewer bonds.
Rayen Ave. repairing bonds.
Denomination $1,806.
Oak Hill Ave. grading bonds.
Denomination $55.
Truesdale Ave. sewer bonds. Denomination $299.
Jackson St. grading bonds.
Denomination $93.
Albert St. sewer bonds.
Denomination $126.
Jackson St. sewer bonds.
Denomination $79.
Boardman St. repaving bonds.
Denomination $215.
1,075
4,210 sidewalk bonds.
Dated Jan. 16 1911.
Denomination $852.
Interest semi-annually at the City Treasurer’s
the City Auditor, is required.
Purchaser must be prepared to take
the bonds not later than Jan. 16 1911, the money to be delivered at one or
the city banks or the City Treasurer’s office.
The city is now prepared
to issue registered bonds in exchange for coupon bonds.
to
Youngstown School District (P. O. Youngstown), Ohio.—
Bond Sale.—The $150,000 434% coupon bonds offered on
Dec. 19 and described in V. 91, p. 1531, were awarded to
Seasongood & Mayer of Cincinnati at 106.65 and accrued in¬
terest.
The following bids were received:
Seasongood & Mayer,Cin.$159,975 001 Hayden,Miller&Co.,Clev.$159,510 00
C.E.Denison & Co.,Clev. 159,861 851 E.H.Rollins & Sons,Chic. 155,265 00
Reynolds, Watson & Co.
Municipal and Corporation Bonds
very
exceptional
DRAINAGE
BOND
NBTTINO
6%
400 The
CHICAGO
Rookery
Elbow, Sask.—Price Paid for Debentures.—The price
paid for the $5,000 6% 15-year water-works and fire-station
debentures awarded to the National Finance Co. of Regina
(V. 91, p. 1666) was 94.
Date Jan. 1 1910.
Interest payable at the Canadian Bank of
is stated, to vote on a $35,000 water-works-system
by-law.
Hespeler, Ont.—Debenture Election.—In Jan. 191l£an
election will be held, it is stated, to vote on a by-law pro¬
viding for the issuance of $4,000 5% debetnures, payable in
20 annual installments.
Irvine, Alberta.—Debenture Sale.—On Dec. 15 the $5,000
6% coupon fire-protection debentures described in V. 91,
p. 1591, were awarded to Nay & James of Regina at 96.18’and
interest.
A bid was also received from C. H. Burgess &
Co. of Toronto.
London, Ont.—Debenture Election.—Reports state that
the proposition to issue the
bentures mentioned in V.
Jan. 2.
825,000
$75,000
Town of Conrad, Montana,
CITY OF SOUTH AMBOY,
SEWER BONDS
Middlesex
Notice Is hereby given by the Town Council
of the town of Conrad, in the State of Montana,
that the sewer bonds of said town in the sum of
$25,000 00, bearing Interest at six (6) per cent
per annum, Interest payable semi-annually on
the first of January and first of July In each
year, will be offered for sale at public auction
to the bidder offering the highest price therefor,
at the Council Chamber of the Town Council of
the town of Conrad, In the town of Conrad,
County of Teton and State of Montana, on the
28TH DAY OF DECEMBER, A.*D. 1910, at the
hour of 2 o’clock p. m. of that day.
The Council reserves the right to reject all or
bids or offers of purchase.
principal of said bonds to be payable In
twenty years from the date thereof, and $3,000 00
thereof redeemable In five years, $5,000 00 re¬
deemable In ten years and $5,000 00 redeemable
in fifteen years from the date thereof at the
option of the Town Council. All tenders, bids
or offers to purchase to be addressed to F. H.
Pings, Mayor, and a certified check for not less
than $300 00 to accompany each bid to Insure
good faith on behalf of the bidder.
Dated at Conrad, Montana, this 19th day of
November, 1910.
By order of the Town Council.
The
LAWYER
Specializing in Examination of
Municipal and Corporation Bonds
ISIS FIRST NATIONAL BANK
BLDG..
CHICAGO, ILL.
B9TABLI3HBD IMS
H. C SPEER & SONS CO.
First Nat Bank Bldg.,
Chicago
SCHOOL,
COUNTY AND
$75,000 434% 30-year city-hall de¬
91, p. 1667, will be voted upon
NEW LOANS.
any
F. WM. KRAFT
MUNICIPAL BONDS
'Aiest investment*
x-'own. Yield to*
Ji
from
ULEN
MUNICIPAL BONDS
BANKERS
nf
t.
/U
&
f>QL
^/U
Write for
Circular
CO.
CHICAGO
Nederlandsch Admmistratie- & Trustkantoor
(NETHERLANDS ADMINISTRATION A TRUST COMPANY )
215 Slngel - AMSTERDAM. (Holland.)
County, New Jersey
SANITARY SEWER BONDS
Sealed proposals will be received by the Finance
Committee of the Common Council of the City of
South Amboy, Middlesex County, New Jersey,
eight o’clock P. M. on TUESDAY, THE
TENTH DAY OF JANUARY, ONE THOUSAND
NINE HUNDRED AND ELEVEN, at the City
Hall in said City of South Amboy, for the purchase
of any or all of an issue of bonds as follows: ■
•
■
at
Seventy-Five Thousand ($75,000) Dollars of
Sanitary Sewer Bonds dated January 1st, 1911,
The bonds will bear interest at the rate of Five
(5%) Per Cent per annum.
They will be issued
as
Coupon bonds, with the right of registration
as to principal, or principal and Interest, and will
be numbered from One to Seventy-Five, and will
be in the denomination of One Thousand ($1,000)
Dollars each.
Bonds numbered One and Two
will run for the term of One (1) year from the date
aforesaid, and thereafter seriatim Two (2) bonds
for a period of Thirty (30) years, and
thereafter Three (3) bonds per year for Five
(5) years.
No bid will be accepted for less than par and
accrued interest.
The Finance Committee, sub¬
per year
ject to the approval of the Common Council of
the City of South Amboy aforesaid, reserve the
right to allot to any bidder either the whole or any
part of the bonds bid for by said bidder, and to
select the bonds to be delivered to the bidder In
the event of his bid being accepted.
All particulars concerning the Issue aforesaid
may be obtained from Joseph F. Fulton, City
Clerk, South Amboy, N. J., or Frederic M. P,
City Solicitor, 738 Broad St., Newark,
Jersey.
JOSEPH F. FULTON,
City Clerk.
Pearse,
New
MUNICIPAL AND RAILROAD
BONDS
LIST ON
H. MEINkSZ, Pretld-Pt
H. WALTER. L. D..
Chairman,
de Kook & Uyt den Bogaard.
Ph. MEES.
A. A. H. BOISSEVAIN,
R. Mees & Zoonen.
Director of Swiss Bankvereln and
of Labouchere, Oyens & Co’s Bank.
H. MEINESZ.
J. A. DUYNSTEE,
President.
Tetdera & Co.
Q. H. DE MAREZ OYENS.
F. Th. EVERARD.
Labouchere, Oyens ds Co’s Bank,
Banker.
A. L. G. H. PICHOT1
P. M. J. GILISSEN
Weaterwoudt & Co.
Arnold GUlssen.
W. M. SCH EUR LEER.
AUa. KALFF,
Scheurleer & Zoonen
Jan Kalff a Co.
as
as
Executor, Administrator, Trustee,
Trustee of Corporation Mortgages.
APPLICATION
SEASONGOOD & MAYER
Board of Director*!
Acts
Acts
Commerce.
Estevan, Sask.—Debenture Sale.—On Nov. 8 an issue of
$10,000 5% 20-year cement-walks debentures were awarded
to Nay & James of Regina at 94.
Interest annual.
Harriston, Ont.—Debenture Election.—An election will
NEW LOANS.
INVESTMENTS.
a
annual installments.
be held, it
debenture
office.
Maturity one bond of each Issue yearly on Oct. 1 from 1912 to 1916
inclusive.
Each block of bonds must be bid on separately.
Certified
check on a national bank for 2% of amount of each block bid on, payable
We offer
5}4% 15-year debentures.
Collingwood, Ont.—Debenture Election.—An election will
be held Jan. 3, it is stated, to vote on the question of issu¬
ing $14,000 fire-hall-erection debentures.
Dundas, Ont.—Debenture Election.—According to reports,
an election will be held Jan. 2 to vote on a proposition to is¬
sue
$12,000 5% hydro-electric debentures payable in 30
Guardian, Agent, et*
MaratctU. Library Building
ouromnATi
McCOY & COMPANY
Municipal and
Corporation Bords
181
La Salla Street,
Chleafa
1728
THE CHRONICLE
Medicine Hat, Alberta.—Debenture
Sale.—Oldfield, Kirby
& Gardiner of Winnipeg were the successful bidders
for an issue of $127,500
5% debentures.
recently
Owen Sound, Ont.—Debenture Election.—It is stated that
an election will be held Jan. 2 to vote on a
by-law providing
for the issuance of
$20,000 bridge, $20,000 debentures to
make a loan to the Canadian
Heating & Ventilating Co. and
$10,000 lighting 4^% 20-year debentures.
Prince Albert, Sask.—Debenture
Election.—By-laws pro¬
viding for the issuance of $40,000 granolithic walk, $4,800
sewer, $25,000 steamboat and barges and $8,600 high-school
debentures are, according to reports, to be submitted to
the voters.
Rainy River, Ont.—Debenture Election.—On Jan. 2 1911
by-law election will be held, according to reports, so as to
provide for the issuance of $4,000 5% debentures, payable
part yearly for 15 years.
Renfrew, Ont.—Debenture Election.—An election will be
held in January, according to reports,
to vote on a by-law
providing for the issuance of $2,500 5% bridge debentures.
Maturity part yearly for 30 years.
St. Catharines, Ont.—Debenture
Election.—Reports state
that an election will be held Jan. 3 to vote on a
proposition
to issue $180,000 4*^% 30-year water-works debentures.
St. Mary's, Ont.—Debenture Sale.—The
$12,000 5% localimprovement debentures offered on Dec. 14 (V. 91, p. 1592)
were purchased
by H. O'Hara & Co. of Toronto at 105.066
and accrued interest.
The fol owing bids were received:
H. O’Hara & Co
a
$12,608 Aemiiius Jarvis & Co
$12,292
Ontario Securities Co
12,607 Can. Deb. Corp., Ltd
12,233
Brouse, Mitchell & Co
12,431 W. A. Mackenzie & Co
12,211
C. H. Burgess & Co
12,409 R. C. Matthews & Co
12,155
Wood, Gundy & Co
12,408 G. A. Stimson & Co
12,025
Dom. Secur. Corp., Ltd
12,385 Campbell, Thompson & Co__ 12,021
Brent, Noxon & Co
12,329
The above bidders are all of Toronto.
An offer was also received from
Hanson Bros, of Montreal.
Sarnia, Ont.—Debenture Election.—An election will be
held, it is stated, on Jan. 2 to vote on a $1,500 5% deben¬
ture by-law, payable in 10 annual installments.
Saskatchewan.—Loan Proposed.—Reports state that this
Province will shortly issue a loan of £1,000,000 at 4% interest.
Tillsonburg, Ont.—Debenture
taken at
an
Election.—A vote will
election to be held Jan.
2, it is stated,
on a
be
by¬
[You-
law providing for the issuance of
$1,500
works and fire debentures.
LXXXXI
5% 30-year water¬
Vancouver, B. 0.—Debenture Election.—An election will
on by-laws
providing for the follow¬
ing debentures:
be held Jan. 11 to vote
$60,000 park-improvement debentures.
300,000 street-improvement debenutres.
115,000
21,000
400,000
46,000
75,000
50,000
967,000
park-exhibition debentures.
fire-hall construction debentures.
water-works-improvement and bridge-construction debentures.
property-purchase debentures.
Clark Drive improvement debentures.
lane-improvement debentures.
school debentures.
240,000 general-hospital-extenslon debentures.
39.500 hospital-site debentures.
7,000 isolation hospital, wharf and boathouse debentures.
25,000 park-site-purchase debentures.
500,000 bridge debentures.
200,000 assessment debentures.
25.500 public morgue construction debentures.
200,000 Second Narrows bridge debentures.
Vernon, B. C.—Debenture Sale.—C. Meredith & Co., Ltd.,
Toronto, according to reports, have been awarded $60,000
5% debentures, repayable in 15, 25 and 30 years.
Wallaceburg, Ont.—Debentures Voted.—According to re¬
ports, an election held recently resulted in favor of a by-law
providing for the issuance of $20,000 school-building deben¬
tures.
of
Wentworth County (P. O. Hamilton), Ont.—Debentures
Authorized.—A by-law providing for the issuance of
$14,000
43^% house-of-refuge debentures has, it is stated, been au¬
thorized by this county.
Wingham, Ont.—Debenture Sale.—The $6,000 4 y2% 20year water-works-improvement debentures offered on Dec.
16 (V. 91, p. 1592) have been awarded to the
Ontario Securi¬
ties Co. of Toronto at 97.61.
r he followingbids were received
Ontario Securities Co
$5,857 00 C. H. Burgess & Co
H. O’Hara & Co
5,837 80 Wood, Gundy & Co
Domin. Secur. Corp., Ltd, 5,810 00 Aemiiius
Jarvis & Co
Brouse, Mitchell & Co
5,766 00 G. A. Stimson & Co
Brent, Noxon & Co
5,733 00 W. A. Mackenzie & Co
All the above bidders are of Toronto.
$5,714 00
5,673 00
5,660 00
5,635 00
5,106 09
Debenture Election.—The voters of this
place will have
presented to them, according to reports, at an election to be
held Jan. 2 1911, a by-law
providing for the issuance*of
$2,500 5% sewerage-debentures. Maturity 20 annual in¬
stallments.
MISCELLANEOUS.
INVESTMENTS.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY:
New York. January 21st. 1910.
The Trustees, in conformity with the Charter
of the Company, submit the following statement of its affairs
on the 31sf of December, 1909.
Premiums on Marine Risks from 1st January, 1909, to 31st
December, 1909
..$3,759,391 25
Premiums on Policies not marked off 1st January. 1909
717,712 70
Total Marine Premiums
Charles M. Smith & Co.
CORPORATION AND
MUNICIPAL BONDS
FIRST NATIONAL BANK BUILDING
CHICAGO
34.477,103 95
Premiums marked off from 1st January, 1909. to 31st December, 1909
Interest received during the year
Rent less Taxes and Expenses
#3,791,557 05
$322,046 46
145,679 82
$467,726 28
Losses paid during the year which were estimated in 1908
and previous years..
$829,378 19
Losses occurred, estimated and paid in 1909
1,149,459 56 $1,978,837 75
Less Salvages
HOBENPYL, WALBRtOGE & CO.
7 Wall
Bailroad, Street By., Oae A Bee. Light
$249,891 07
Re-Insurances
235,520 48
St.. Naw York
SECURITIES
485.411 55
$1,493,426 20
Returns of Premiums
Expenses, including officers* salaries and clerks* compensation, stationery,
newspapers, advertisements, etc
ASSETS,
United States 8e State of New York
Stock, City, Bank and other Securl ties
BONDS
00 STATE
Estimated Losses and Losses Un¬
settled
$5.461,042 00
75,000 00
4,374,426 04
Premium notes and Bills Receivable
Gash in the hands of European
Bankers to pay losses under poli¬
cies payable in foreign countries.
Cash in Bank
1,213.069 68
Aggregating
$356,913 94
LIABILITIES.
Special deposits in Banks &TrustCos. 1,000,000 00
Real Estate cor. Wail &
WllllamSts.,
8b Exchange Place.$4,299,426 04
Other Real Estate 8b
claims due the com¬
pany
BLODGET & CO.
$60,285 14
$2,393,297 00
Premiums on Unterminated Risks.
Certificates of Profits and Interest
Unpaid
ing—
263,468 95
120.569 42
22.353 49
7,404,890 00
370,000 00
239,948 04
633.405 13
$12,921,890 89
Aggregating
......
$11,260,125 76
A dividend of Interest of Six per cent on the
outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and
after
The outstanding certificates of the issue of 1904 will beTuesday the first of February next.
redeemed and paid to the holders thereof,
or their legal
representatives, on and after Tuesday the first of
next, from which date all
Interest thereon will cease.
The certificates to be produced at the February
time of payment and canceled.
A dividend of Forty per cent is declared on the net earned
premiums or the Company for the year
ending 31st December, 1909, which are entitled to participate in
cation, certificates will be Issued on and after Tuesday the third dividend, for which, upon appli¬
of May next.
By order of the Board.
Q. STANTON FLOYDkIONES,
Secretary.
TRUSTEES.
FRANCIS M. BACON.
CLEMENT A. GRISCOM,
DALLAS B. PRATT.
WALDRON P. BROWN.
ANSON W. HARD.
GEORGE W. QUINTARD,
VERNON H. BROWN.
LEWIS CASS LED YARD,
A. A. RAVEN.
JOHN N. BEACH.
CHARLES D. LEVERICH.
JOHN J. RIKER,
JOHN CLAFLIN,
LEANDER N. LOVELL.
DOUGLAS ROBINSON.
GEORGE C. CLARK,
GEORGE H. MACY,
GUSTAV H. SCHWAB.
CLEVELAND H. DODGE,
CHARLES H. MARSHALL,
WILLIAM SLOANE,
CORNELIUS ELDERT.
NICHOLAS F. PALMER.
ISAAC STERN.
RICHARD H. EWART,
HENRY PARISH,
WILLIAM A. STREET.
PHILIP A. S. FRANKLIN,
ADOLF PAVENSTEDT,
GEORGE E. TURNURE.
HERBERT L. GRIGGS.
CHARLES M. PRATT.
A. A. RAVEN, President.
STREET, BOSTON
STREET, NEW TOBK.
685.546 90
Return Premiums Unpaid
Certificates of Profits Ordered Re¬
deemed, Withheld for Unpaid
Premiums
Certificates of Profits Outstand¬
Real Estate Reserve Fund....
»0 PINE
CORNELIUS ELDERT, Vice-President.
SANFORD E. COBB, 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART. 4th
Vice-President.
STATE, CITY A RAILROAD BONDS
FORREST A CO.
BANKERS
Ml Ctntut St..
PHILADELPHIA. PA.
Municipal and
Corporation Bonds
NATIONAL LIGHT,
HEAT & POWER COMPANY
6UbaSanhtdsd
A. H. Bickmore & Co.,
BANKERS
30 Pin#
Strut.
New York
OTTO JULIUS MERKEL
BROKER
44 AND 46 WALL
STREET, NEW YORK
INVESTMENT SECURITIES
Correspondence Invited
THE CHRONICLE
Deo. 24 1910.
1Y1
it i
gimrasial.
gittattclal.
Adrian H. Muller & Son,
SUtnots gmtetp Company
AUCTIONEERS.
Home Office,
Regular Weekly Sales
206 La Salle Street
CHICAGO
OF
STOCKS and BONDS
WRITES ALL CLASSES SURETY BONDS
EVERY WEDNESDAY
Court—Fidelity—Contract—Miscellaneous
Office. Ne. 55 WILLIAM STREET!
Corner Pine Street.
r
The motto of the Illinois
hath in the
Surety Company is “Prompt Service**
handling of its business and the adjustment of its losses
THE AMERICAN MFG. CO.
MANILA SISAL AND JUTE
CORDAGE
The
Trust
Company of America
37-43 WALL
STREET, NEW YORK.
LONDON OFFICEi
COLONIAL BRANCHi
65 Wall Street
•
New York
222
95 Gresham St.
Broadway, Ntw York.
CAPITAL AND SURPLUS $8,000,000
1910
1S6#
Invitee accounts of individuals firms and
corporations.
daily balances.
Pays interest on
Executes trusts of every description.
The United States Life
Insurance Co.
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
JOHN P. MUNN, M. D., President
Finance Committee
OLARENOE H. KELSEY, Prea. Title Gu.ATr.On
WM. H. PORTER. Pres. Cbemloal National Baal
■D. TOWNSEND. Pres. Imp. A Traders Nat. Bk
er
MELLON NATIONAL BANK
PITTSBURGH, PA.
As your reserve depositary, this
bank offers you perfect service and
liberal interest on your balances.
Good men, whether experienced In life Insurance
aot, may make direct contracts with this Gem
paay. for a limited territory If desired, and eecuK
ter themselves, in addition to first year’s commie
•lea, a renewal Interest Insuring an Income for tin
future.
Address the Company at its Hmm OtfSer
Ye. Ill Broadway, New York City
CAPITAL AND SURPLUS,
-
*7,000,000
gtw ©OMcmmctit Juccmuxtawt
P. 0. BOX 27. MAIN OFFICE,
WASHINGTON. D. C.
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES. BANKS, RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA'
TIONS.
Ready About January 15, 1911
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS’ OFFICES.
Range of Prices for Stocks and Bonds
Sample Copy 15 cents. Per Annum $1 50
FROM
C. B. Van Nostrand
1907 to
January 1, 1911
M WALL STBXMT
INDUSTRIALS
Earnings, Fixed Charges and Dividends for Series of Years
Hand Book of Securities
GEO. B. EDWARDS
Tribune Building, 154 Nassau Street,
Telephone 4218 Beekman, NEW YORK, N. Y.
Negotiations, Investigations, Settlements,
In or out of New York City
Satisfactory References
EDWIN R. CASE
NEW
JERSEY
SECURITIES
No better State
No better Seourltle
16 EXCHANGE PLACE
Telt. S66 and T51
JERSEY CITY
Price of
Single Copies
$1 00
Te Subscribers of the Chronicle
Commercial & Financial Chronicle
Front
Pine and Depeyster Streets,
NEW YORK.
79
THE CHRONICLE
XVIII
[VOL.
Qxnst ©amyacttie*.
LXXXXI.
Jgxitst ©ompanies.
UDiieo states Trust company nr lev Toft,
Chartered IMS
Manhattan
4S and 47 WALL STREET
CAPITAL,
$2,000,000.00
$13,733,303.21
SURPLUS AND UNDIVIDED PROFITS
Thla
w
Company note
aa
recognized
Trust
Executor. Administrator, Guardian, Trustee, Court Depositary end in
trust capacities.
It allows Interest at current rates on deposits.
It holds, manages and invests money, securities and other property, real or personal, for estates
Company
sotporations and individuals.
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A. EDWARDS, 2d Asst .Sec.
17. Bayard
TRUSTEES.
JOHN A. STEWART. Chairman or the noare.
Gustav H. Schwab,
Lewis Cass Led yard.
Frank Lyman,
Lyman J. Gage.
James Stillmar
Payne Whitney.
John Claflln.
Edward W. Sheldon,
John J. Phelps.
Chaunoey Keep
Cutting.
ffUUam Rockefeller,
Alexander K. Orr.
fnmam H. Maey Jr.
WWUm D. 9mm,
Temporary Offices
George L. Rives,
U3 BROADWAY
Arthur C. James,
William M. Kingsley.
William Stewart Tod.
Ogden Mills.
Egerton L. Wlnthrop
WALL STREET
Fidelity Trust Company
CORNER NASSAU
NEWARK, N. J.
Resources Over $29,000,000
UNITED STATES
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts
Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles of
leal Estate throughout Now Jersey.
as
COMPANY
NEW YORK
General Banking and Savings Departments.
Bond Department for
purchase and sale of municipal and public utility securities. 8afe Deposit
Department.
MORTGAGE & TRUST
CAPITAL,
$2,000,000.00
Invites Personal and Business
Accounts. Acts as Trustee, Ex¬
CENTRAL TRUST COMPANY
ecutor ,
Administrator, Guard¬
in
all Fiduciary
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
ian
of NEW YORK
54
Wall Street
and
Capital and Surplus, $18,000,000
to act
as
Executor, Trustee, Administrator
\
M Cedar St.
(of which $ 1 7,000,000 has been earned)
Authorized
SURPLUS,
$4,000,000.00
B’way A TSrd St.
or
125th St. ft 8th Ave.
Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
Industrial Trust Company
Providence* R. I.
CAPITAL
SURPLUS
.$3,000,001
3.000.00C
OFFICERS.
CHARTERED 1864
Union Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office:
425 Fifth Avenue, corner 38th Street,'
With Modern Safe Deposit Vaults
Capital $1,000,COO
Surplus (earned) $7,737.03!)
ALLOWS INTEREST ON DEPOSITS.
Acts
as
Executor, Guardian, Trustee, Administrator and in all Fiduciary Capacities
on behalf of Individuals, Institutions or
Corporations.
Cyrus P. Brown, President
Arthur L. Kelley, Vice-President
H. Martin Brown, Vice-President
Otis Everett, Vice-President
Joshua M. Addeman. Vice-President
Ward E. Smith, Treasurer
Chas. H. Manchester. Secretary
H. Howard Peoper, Asst. Treat.
Frederick B. Wilcox .Audita*
BOARD OF DIRECTORS.
Samuel P. Colt
Herbert N. Fennel
J. Milton Payne
Olney T. Inman
Richard A. Robertson
Eben N. Littlefield
Joshua M. Addeman
Otis Everett
James M. Scott
C. Prescott Knight
William H. Perry
Jesse H. Metcalf
Arthur L. Kelley
John J. Watson Jr
H. Martin Brown
Charles H. Allen
John B. Branch
George F. Balter
George M. Thornton
William P. Chaplc
Cyrus P. Brown
Chaa. C. Harrington
Louis H. Comstock
Englehart C. Ostby
Angus McLeod
Ezra Dixon
Howard O. Sturgta
Edward D. Pearce
BEADY ABOUT JANUABY 16
Ill! itoisTrust&Savings Bank
OHIOAQO
Capital and Surplus
$13,600,000
Hand-Book of Securities
January 1911 Edition.
DESCRIPTION
INCOME
Price
of
Single Copies
PRICES
DIVIDENDS
Interest on Time Deposits* Current and Reserve Accounts*
Deals In Investment Securities and Foreign
Exchange*
Transacts a General Trust Business.
CORRESPONDENCE INVITED.
$1 00
...
To Subscribers of the Chronicle
T8
.
The Hand-Book Is issued to Bankers and
Broken with their cards lettered in gUt on the
outside cover (in quantity) at special rates.
Commercial & Financial
Chronicle
Front, Pine and Depeyster Sts.
Dec. 24
THE CHRONICLE
1910.]
XIX
SZxu&t (ftjamjratxijes.
The NEW ENGLAND
TRUST COMPANY
OLD COLONY TRUST COMPANY
BOSTON, MASS.
BOSTON, MASS.
CAPITAL, U.000.000
Authorized to act as Executor, and to reoelve
and hold money or property In trust or on deposit
Cvem Courts of Law or
Equity Executors,
Administrators, Assignees. Guardlana Trustees,
ferporatlons end Individuals.
Also acts as Trustee under Mortgages and as
Transfer Agent and Registrar of Stocks and Bonds.
Interest allowed on Deposits Subject to Check.
OFFICERS
DAVID R. WHITNEY, President
OHARLES F. CHOATE. Vice-President
ALEXANDER COCHRANE. Vice-President
NATHANIEL THAYER. Vice-President
JAMES R. HOOPER, Actuary
HENRY N. MARR, Secretary
FRED. W. ALLEN, Asst. Sec. & Treas.
THOMAS E. EATON, Asst. Treas.
FRANCIS R. JEWETT, Trust Officer
CHAS. E. NOTT, Mgr. Safe Dep. Vlts.
BOARD OF DIRECTORS
William Endlcott, Chairman
Walter C. Baylies
James G. Freeman
Morris Gray
Alfred Bowdltoh
S. Parker Bremer
James R. Hooper
Ernest Lovering
Timothy E. Byrnes
dharles F. Choate
Henry H. Proctor
Alexander Cochrane
James M. Prendergast
Herbert M. Sears
Philip Dexter
William Endioott Jr.
Lawrence M. Stockton
Francis W. Fabyan
Nathaniel Thayer
William Farnsworth
Eugene V. R. Thayer
David R. Whitney
Fvederlok P. Fish
George Wiggles worth
508-505-507 Chestnut St.. Philadelphia
CAPITAL
—Sl.000.001
HENRY G. BRENGLE, President.
JOS. S. CLARK. Vice-President.
0HAS. P. LINEAWEAVER. Sec. A Treas.
ADAM A. STULL. Chairman of Board.
DIRECTORS.
Henry G. Brengle.
James Crosby Brown.
John Cadwalader.
E. W. Clark Jr..
Eokley B. Coze Jr..
Edwin S. Dixon
Eugene L. Ellison.
Joseph C. Fraley,
Harry C. Francis.
Henry L. Gaw Jr..
J. Levering Jones,
Malcolm Lloyd,
John Mcllhenny.
Richard Wain Melrs.
Clement B. Newbold.
John W. Pepper,
William F. Read.
Adam A. Stull.
Edward D. Toland.
Joseph R. Wainwright.
Howard 8. Graham.
William D. Wlnsor.
Samuel F. Houston,
W. Amory
William Amory
Charles F. Ayer
John S. Bartlett
Samuel Carr
B. P. Cheney
Girard Trust
Company*
Capital and Surplus, $10,000,000
Executor. Administrator, Trustee.
Assignee and Receiver.
Financial Arent for Individuals or
on
Traction Co.
E. B. MORRIS. President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON. 2d Vloe-President.
O. J. RHOADS, (d Vice-Pres, and Treasurer.
E. S. PAGE, Secretary.
MANAGERS:
Edward J. Berwind,
Effingham B. Morris.
Randal Morgan,
Edw. T. Stotesbury,
Charles E. Ingersoll,
John S. Jenks Jr.,
Henry B. Coxe,
Henry Tatnall,
T. ElUott.
PHILADELPHIA
NorveU,
Hardware Co.
President
NorveU-Shaplefe*
Henry W. Peters, President Peters Shoe Co.
H.C. Pierce, Chairman Board Waters-PleroeOU O*.
August Schlafly, August Schlafly & Sons.
R. H. Stockton. President Majestic Mfg. Co.
Julius S. Walsh. Chairman of the Board.
Rolls Wells.
©ottoil.
L. F. DOMMERICH & CO.
NEW YORK
General Offices, 67 Greene Street
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
DISCOUNT AND GUARANTEE SALES
«ENTSNaS“oTHERS
CARRY NO GOODS FOR OWN ACCOUNT
WILLIAM. RAY A CO.
Geo. H. M?Fadden & Bro.,
Successor* U
GEO
COTTON MERCHANTS
COPELAND A CO..
PHILADELPHIA.
COTTON BROKERS.
$8 Cotton Exchange
New York.
CENTRAL
Orders for
delivery contracts executed
New York
Liverpool Cotton Exchanges.
TRUST COMPANY
R H. ROUNTREE & CO.,
OF ILLINOIS
the
future
and
on
NEW YORK.
Liverpool Correspondents*
FREDERIC ZEREGA A OO
Bremen Correspondents:
MCFADDEN BROTHERS A CO
Havre Correspondents:
60CIETE D'lMPORTATION ET DE COMMIS**
Oommisftion Merchants.
CHICAGO
$2,500,000
CHARLES O. DAWES. President.
A. UHRLAUB, Vice-President.
EDWIN F. MACK, Vice-President.
WILLIAM T. ABBOTT. Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER, Asst. Cashier.
WILLIAM W. GATES, Asst. Cashier.
JOHN W. THOMAS. Asst. Cashier.
ALBERT G. MANG, Secretary.
MALCOLM MoDOWELL. Asst. Secretary.
WILLIAM G. EDENS, Asst. Secretary.
JOHN L. LEHNHARD, Asst. Trust Offloer.
McLeod Lumber Co.
Saunders
Grain Co.
W. Hlnckle Smith,
C. Hartman Kuhn,
B. Dawson Coleman.
James Speyer,
Broad and Chestnut Streets.
Howard O. Sturgea,
SAVINGS
Wilbur F. Boyle. Boyle A Priest.
James E. Brock, Secretary.
Murray Carleton, President Carleton Dry Goods G«
Charles Clark.
Horatio N. Davis, President Smith & Davis Mfg.G*
John D Davis, vice-President.
David R. Francis, Francis, Bro. A Co.
S. E. Hoffman, Vioe-President.
Breckinridge Jones, President.
Wm. G. Lackey, Vice-President and Bond Offloe*
W. J. McBride. V.-Pres. HaskeU & Barker Car 0*
Nelson W. - McLeod, Vice-President Grays or
Robert J. O’Reilly, M. D.
Wm. D. Orthwein, President Wm. D. Orth we**
Edgar C. Felton,
Wlffiam
Isaac H. Clothier,
Thos. DeWltt Cuyler,
Fourth A Pine Sts., St. Louis.
DIRECTORS.
Henry Semple Ames. Vice-President.
William Bagnell, President Bagnell Timber Co.
John 1. Beggs, President Milwaukee Lignc Heat a
Individual and
Corporation Accounts.
Acts as Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
John A. Brown Jr.,
John B. Garrett.
William H. Gaw.
Francis I. Gowen,
Geo. H. McFadden,
Mississippi Valley Trust Co.
A GENERAL FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED.
Corporations.
Interest Allowed
HERBERT J. WELLS, President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT. Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER, Trust OfficeCYRUS E. LAPHAM, Asst. Seo’y.
JOHN E. WILLIAMS, Asst. Sec’y.
HENRY L. SLADER, Asst. Sec'y.
G. A. HARRINGTON. Asst.Tr.Offl»>
BANKING,
Stephen M. Weld
Sidney W. Winslow
am^PBOFfrs} $8>640,000
CHARTERED 1836.
Rowland G. Hazard,
Nelson W. Aldrich,
Stephen O. Edwards,
Samuel R. Dorranoe,
Frank W. Matteson.
R. H. Ives Goddard Jr.
‘
Galen L. Stone
Nathaniel Thayer
Lucius Tuttle
H. O. Underwood
Eliot Wadsworth
CAPITAL.
as
Stephen O. Metcalf,
-
Charles A. Stone
Authorized Reservo Agent for Trust Companies in Maine. Massachusetts and Rhode Isiandt
Walter R. Callender,
Edward Holbrook,
James E. Sullivan,
Benjamin M. Jackson
John R. Freeman, *
Charles S. Mellen.
Robert W. Taft,
Webster Knight,
Capital and Surplus
Henry Parkman
Andrew W. Preston
Henry S. Howe
Walter Hunnewell
Richard S. Russell
Charles W. Whittier
Howard Stocktor
Philip Stockton
PRESIDENT, PHILIP STOCKTON.
Treasurer, FREDERIC G. POUSLAND
JULIUS R. WAKEFIELD
Cashier. GEO. W. GRANT
Manager Credit Dept., ELMER E. FOYE.
Secretary. CHESTER B. HUMPHREY
Trust Officer. F. M HOLMES
DIRECTORS.
Lyman B. Goff,
George P. Gardner
Edwin Farnham Greene
Robert F. Herrick
Col. Thos. L. Livermore
Arthur Lyman
Charles S. Mellen
Laurence Minot
Maxwell Norman
Hon. Richard Olney
Robert T. Paine 2nd
Vice-Presidents. WALLACE B. DONHAM
S2.000.000
(2,000.000
Robert H I. Goddard,
Robert I. Gammell,
William B. Weeden,
Edward D. Pearce,
Robert Knight,
John W. Danielson,
Herbert J. Wells,
Reginald Foster
Hon.T.Jeffer8onCoolldgc
PROVIDENCE, R. I.
Royal C. Taft,
Frederic C. Dumalne
William Endlcott Jr.
Wilmot R. Evans
Frederick P. Fish
T. Jefferson Coolldge Jr.
Charles E. Cottlng
Alvah Crocker
Rhode Island Hospital
Trust Company
CAPITAL
SURPLUS
$12,500,000
DIRECTORS.
T. JEFFERSON COOL1DGE JR., Chairman Executive Committee.
GORDON ABBOTT, Chairman of Board.
FRANCIS R. HART, Vice-Chairman.
Charles F. Adams 2nd
Philip Y. DeNormandle
Henry C. Jackson
Philip L. Saltona;*!
F. Lothrop Ames
Philip Dexter
George E. Keith
Herbert M. Sears
Oliver Ames
Gardiner M. Lane
George A. Draper
Quincy
A. Shaw
O.
Acts
The Trust Company
of North America
„
Capital and Surplus
SURPLUS. *2.000.000
Safe Deposit Vaults
AND
DEPARTMENTS.
TRUST
COTTON, GBAIN, PROVISIONS and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK.
GWATHMEY A CO.
Siegfr. Gruner & Co.
COTTON MERCHANTS
17 South William
OOTTON KUCHANTS
22
Exchange Mace,
-
-
NEW YORK
ROBERT MOORE A CO.
56 Beaver Street. New York.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
EXCHANGES.
OOTTON PURCHASED FOR SPINNERS' USB.
Street,
NEW TORE.
Mason Smith & Co.,
OOTTON OOHKXSSION MERCHANT*
NEW
ORLEANS, LA.
HEHPH1S, TK6N.
DALLAS, TEX.
Buyers of Spot Cotton.
Orders for Contract* Ex*
Orleans, New York
Liverpool and Havre Markets
cuted
In
New
.
XX
THE CHRONICLE
©olloix.
[VOL.
fftn&ttsial.
WOODWARD
& STILLMAN
fginattcial.
E. H.ROLLINS & SON8
COTTON MERCHANTS
Fyersz a Company
16 to 22 WILLIAM STREET,
BANKERS]
NEW YORK
Negotiate and Issue Loans (or Rail¬
roads and Established Corporations.
Buy and sell Bonds suitable for
’
*
,
AMERICAN COTTON OP ALL GRADES SUIT¬
ABLE TO WANTS OF SPINNERS.
1
,
Established 1876
\
.
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Investment.
Established In 1856.
Henry Hentz & Co.
206 LA SALLE ST, CHICAGO
Fiscal Agent (or Cities and Corporations
COMMISSION MERCHANTS
16 to 22 William Street, New York.
Execute Orders for Future Delivery
COTTON
At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
COFFEE
At the New York Coffee Exchange
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
GRAIN AND COTTON-SEED OIL
At the New York Produoe Exchange
LXXXXI.
List
Hubbard Bros. & Co.
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIE BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
COFFEE EXCHANGE BUILDING
SEND FOR CIRCULARS.
on
Application
BOSTON
NEW YORK
CHICAGO
DENVER
8AN FRANCISCO
HANOVER SQUARE.
PEABODY, HOUGHTELING & CO.
NEW YORK
COTTON MERCHANTS
Liberal Advances Made
on
181 La Salle Street,
Cotton
Consignments.
F. H. PRINCE & CO.
CHICAGO.
[Established 18054
BANKERS
Hopkins, Dwight & Co.
COTTON
BOSTON, MmSS.
GEO. H. BURR & CO.
and
COTTON-SEED OIL.
Room 52 Cotton Exchange Building.
NEW YORK.
LEHMAN, STERN A CO.. Limited. New Orleans.
LEHMAN BROS.
Nos. 16-22 William Street, New York.
Member* of the Stock, Cotton,
and Produce Ezchanoes, Mew
CoJJee
Stephen M. Weld & Co.,
COTTON MERCHANTS,
Street,
-
Commercial
43
Exchange Place
Chicago
Paper
-
Boston
New York
If ember* of New York and Boston Stock Bxefcaa?**
St Louis
Philadelphia
Kansas City
San Francisco
York.
Orders executed on the above Exchanges, as well In
New Orleans. Chicago and foreign markets.
82-92 Beaver
HIGH-GRADE INVESTMENTS
BANKERS
COMMISSION MERCHANTS
New York City
afawfoidtjreikAGpet^So:
Municipal and Corporation Bonds
FIRST NATIONAL BANK BLDG..
CHICAGO
Sullivan Brothers & Co.
j
41i7
Bremen. ALBRECHT, WELD A CO.
SMITH & HAYNE
Frank B. Hayne (In Comraendum)
Cotton Brokers,
COTTON EXCHANGE BUILDING.
NEW
ORLEANS, LA.
STREET,
on
preceding oage.)
ffinanctal.
THE AUDIT COMPANY
of New York
City investing Building
165 Broadway, New York
BANKERS AND BROKERS
Broadway,
BANKERS
Members New York Stock Exchange
Investment Securities
Nasaau A Pina
Audits and examinations.
Financial and cost systems of accounts.
FIRST NATIONAL BANK
H. T. HOLTZ & CO.
-
$2,000,000
JOHN B. PURCELL. President
JOHN M. MILLER JR.. V.-Prest. A Cashier
FREDERICK E. NOLTING, 2d Vloe-Prest
Correspondence Invited
116 BROADWAY
Members New York Stock Exchange.
MUNICIPAL AND
CORPORATION BONDS
RICHMOND. VIRGINIA
Capital and Earned Surplus,
Straata, N. Y
DominicH & DominicK
Building, Chicago
Appraisals of values of lands, buildings,
machinery, etc.
New Yark
HOLLISTER, FISH & CO
Telephone 6780 Cortland.
New York Life
-
MEMBERS OF
NEW YORK STOCK EXCHANGE.
Devitt, Tremble & Co.
PHI LA. NATIONAL BANK BLDG.,
PHILADELPHIA
44
W. T. HATCH &, SONS
71
FIRST NATIONAL BANK BLDG.,
CHICAGO
44
[Established 1862.]
CHICAGO
BONIS FOR INVESTMENT
1
INew
York St®ck Exchange
1
Philadelphia
MUNICIPAL & COR¬
PORATION BONDS
ORDERS FOR FUTURE DELIVERY EXE
il, CUT ED IN NEW ORLEANS, NEW YORK
AND LIVERPOOL MARKETS.
(Other cotton cards
Members
Chas. S. Kidder & Co.
183 LA BALLS
STREET
PHILADELPHIA, PA.
BOSTON. PHILADELPHIA, PROVIDENCE
Liverpool, WELD & CO.
BONDS
CHESTNUT
Correspondence Invited
171 LA SALLE
STREET, OHIOAGO
United Bank Note Corporation Stock*
DICK BROTHERS &, CO.
BANKERS AND BROKERS.
SO Broad St..
•
New York.
Members of N. Y. and Phlia. Stock Exchange*
New York, New Orleans and Llveroool Oottee
Exchanges, New York Coffee Exchange
and Chicago Board of Trade
•
@FedFRASER