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..
.

.

Entered according to Act of Consrress.

in the

year 1004, by William B.

Dana Compaxy.

in the oJiice of Lilirarian of Consress,

Washington, D. O

SATURDAY, DECEMBER 3, 1904.
NO.
0LEABINQ8—F0B NOVEMBER 1904 AND 1903 GLEABINGjS—WEEK ending NOV.
VOL.

ALSO SINCE JANUABY

1,

AND

190^

1903.

1904.

Zn. or
Dec.

1904.

ALSO SAME WEEK LN 1903,

1903.

E'cit-'n

Nox'em'ier.

Clearings at

Philadelphia
Pittsburgh
Baltimore

.

.

.

Buflolo

Washington
Albany

—

.

Wilmington.
Wilkes Barre
Wheeliug

449,348.561
150,H38,240
87,681,822
28,367,091
16,461,043
15,839,398
10,423,924
10,305,759
5,874,232

Binghamton
GreensbuTg
Chester
Fredericii

Total MidcUe..

4,41)3,103

1903.

Dec.

%

3,680,0s0
2,841,31"
1,816,200
1,708,088
2,015,994
710,714

9,309,9-18,816

5,400,341,454

660,187,69
31,440,800
12,207,802

Boston
Providence
Hartford.

New Haven
Worcester

7,443 162
2,699,568
2,080,366
2.467,73^

Portland
Fall River
Lowell

New Bedford
Holyoke

2,514.7(i3

Total N.Bng...

742,289,003

99,262,100
62,087,599
49,502,161
36,114,730

Cincinnati

Cleveland
Detroit

Milwaukee
Indianapolis

28,30411"

Columbus.
Toledo
Peoria

21,378,600
13,583,012
15,262,890
9,297,883
6,936,296
6,689,272
2,627J100
3,340,286
2,479,001
3,710,922
2,465,552
2,034,700
2,116,683
1,714,156
1,701,618
1,614,896

Grand Rapids...
Dayton
Evans vllle
Akron.
Springfield,

111...

Younsstown
Kalamazoo
Lexington
Canton
Rockford
Springfield,

Ohio

Bloomtngton....

Qulncy
Decatur

1,117,431

888,916

Mansfield
Jacksonville, 111.
Jackson. Mich...

Ann Arbor

69,303,589,469 0,213,306,8u5

— 1-3

+21-8 5,988,001,260 5,162,623,218 —2-8
317,682,800
323.645,400 —1-8
29.795,500 +5-5

1,048,856
953,966

505,545

9,564.079
7,034,33'
5,318,372
3,30H,344
6,435,10"
4,490,434
2,285,299
2,880,702
2,172,119

I-27-6
-i-25-9
-t-24-3

4-74-8
-I-15-7

-400
—ti-2

127,528,07(
92,404,678
70,539,161
56,895,^58
72,918,587
84,327,921
21,455,324
22,479,905
22,854.698

-14-8
+15-7
+20-6 6,827.088,048
615,474,192

125,218.609
85,182,098
74,740,9.S5

+ 1-8
+8-5
-5-6

73.570,199 -22-7
70,927,359 +2-8
42,603,585 -19-4
22,135,576 —3-1
26,005,285 —13-6
20,929,339 +9-2
,027,562,253

—SO

721.874.368
92,265,450
60,157,95
45,677,488
85,312,257
25,619,701
18,492,100
13,053.727
13,247,846
8,469,220
7,041,122
5,882,430
3,062.100
2,798,405
2,512,520
3,074,068
2,323,083
2,809,556
1,932,973
1,547,877
1,461,471
1,458,388
1,055,128
948,544
918,022
847.845
402,548

-f-18-8
-I-7-6

--3-2
--8-5
--2-3

+ 105
-i-16-6

+4-1
+15-2

+9-8
-1-3
+12-9
-17-5
+19-5
—1-3

+20

+6-1
-11-9
+9-5

-I-10-8

+16-4
+10-7
-I-6-9

-9-8
+13-0
4-12-5
+25 6

8,130,194,991 7,995,155,883
1,11-2,713,000 1,060,146,850
631,718,514 738,907,457
476,521,473
478,686,194
868.857,895
357,535,368
291,089,'250
290,482,184
206.451,600
208.262,400
149,411,544
151,805,901
131.048,207
132,988,046
92.416,252
89,060,281
79,392,220
79,784,871
64,220,949
60,211,685
26,830,000
84,691,500
34,326.8-28
33,328,598
24,249,321
61,093,179
84,752,562
81.418,839
29.501,117
27,259,386
25,500,575
26.130,543
21,880,532
20,928,006
18,581.64;
19,772,12'
19,056, .00
17,542.688
15,308,437
14,542,917
13,261,183
13,080,203
9,169.869
10 271,198
10,882,706
10.350,008
10,090,992
9.247,818
4,508,180
4,323,590

10,571,390
8,764,691 --48
25-8
2,528 156

13,01(3,601

13.968 241
3,180.434
3,539 577
1,293.177

Sioux Falls
Total Pacific...

Omaha
St.
St.

Paul
Joseph

Denver
Des Moines
Topeka
Davenport
Wichita
Colorado Springs

Fremont

West

92,773,594
84,621,041
31,832,203
29,998,842
17,256,035
21,352,987
9,689,609
5,642.010
6,055,028
4,059.756
3,474,345
1,403,343
606,797

3,921,479
3,405,617
3.881,035
2,244,5S7
747.054

New Orleans
Louisville

850,032.994

308,765,688

261,631,705
91,102,867
49,208,041

St.

208,936,818
81,856,108
40,116,402
87,702.535
25.778,000
18,539,174

Houston

:!8,307,.S20

Gslveston

3:«,0U9,000

11-6

+06
+15-1
4-21-8

+7-5
-t-10-5

4-15-9

+6-8
+10-1
+9-8
-35-2

-18-1
4-59 9

4-232

+

4-22-7

—11-7
+2S-3

22,843,510
22,.'')39,69il

Memphis

31 ,476.353

Atlanta

16.519,232
10,768,498
9,174,105
12,251,008

13,752,529 --20-1
15-6
9,312.911
8,251.865 --11-2

6,43'H,595

-10-4

Little

Macon

....

5.203,217

8,340742

Rock

6,0<J3.958

2,S35.293

Chattanooga
Beaum'.nt

3,6l)ii33,S

Jacksonville, Fla

3.HS 1.0211

Total South

Total

l,.Mil,lll

..

all.

OntaUlo N. T.

Buffalo

638, 13?, 671
12,60.'),.''12,780

4,187,068,809

-

Washtngton....

Albany
Rochester
Scranton
Syracuse
Wilmington....
Wilkes Barre_.

Wheeling
Binghamton

...

Greensburg.....

Chester
Erie
Fr-anklln, Pa...

Reading
Total Middle.

Boston
Providence
Hartford
,

New Haven«
Springfield

Worcester
Portland
Fall River
Lowell

New Bedford
Holyoke

Cleveland

-0-5

Detroit

-1-3-2

Milwaukee

4-0-2

Indianapolis..

-0-0
—1-6
-1-5
+3-8
-0-5

Columbus

-H5-7

Evansville

-22-7

-1-3-0

-220
+10-6

t^-i
4-4-5
-fi-1
-(-8-6

+5-2
+1-5
-10-7
+5-1
+9-1
-H-3

--9-3
-(-123

102,165,
90,888,
26,720,
25,815,
11,930,

22,476,'i(lH
27,640„-)!)5

098,034.936
747,999,100
3.59,895,212

285,298,73
215,434,295
209,314,581
106,197,147
59,102,.|80

41,263,381
42,888,453
48.192.841
23,344,902
8,843,654

+9-7
-8-3
+6-0

4-23-4

+03
f-13-9

8,524,38:', --13-7

2I6,750,,S37

-8-4

101,570.036
64,505.908
65,645,818
45,302,091
35,112.205
80,020,768

-(-4-6

-371

-6-3

1-3; -2

kl6-6

+01

38.612.00(1
33.4s7.0-(l
22,Hl)8.SJf.

_ 22.Hl(i.^'0

I

5,2o'2.72.">.33(l

169,873.098 -t-sa-i 09,644,897,001 99,914,170.691

.3,561,950 ^->3

-8-3

+2-6

2,270,416,237 -(-11-3
711,497,932 4-20-7
606, ,775,094
482,978,910 -f-4-9
310,154,9811 —4-0
297, ,811,338
229, 667.500
195,804,500 -firs
218, 761.593
188,981, ,S78 4-14-7
180, 455.573
173.385,2,'7 +4-1
232, 541,974
183.31J9,512 -f-28-8
12S,196,'280 4-10-2
141 2.58,242
110, 616,474
113,915.221
00
6-4
81, 0,52,851
78,188.47^
83, 215.29H
76.0.53.514 -f-9-4
6it, 137,55;
r)7,.S88,402
31
.5-7
56, 093,851
53.047,284
-4-9
64,205,.S,Sj
67, 348,218
1-9
46, 141,785
45,261,470

6,391.711
4,789,945 +99
T.O'M.lKi + 18-6
5,839.635 +3-8
,"53, 4M7,82.'
4,064,000 —30-2
3,501.868 -1-3-0
37, 04 1, 3.
'6
1.726,895 4-5-.:
20, 73M,514
8S, WM.on
2.971,685 +30-6
539.211 ')oH -t-lS-3 5.840,478,329
«,

+3-7

980,056,302 +1-8
660,637,132 +13-2
360,646,169 -0-8
282,120,160 +1-1
227,393,614 -6-3

8,338,2-,

+17

.39,490,415.575 30,441,407,331

-Table Clearlnaa bv Televrarli

New England.

Cincinnati

-I-27-9 2,533,,685,675
-f-lO-9
858, 450,046

KIcbmond

Norfolk
Fori Worth
Hlrmliigham
Knuxvillo
Aug\ista

101, ,884,773
2W, 305,442
23, 702,218
12, 65-2,718

13-6 3,146,919,722 3.068,099,204

Savannah
Na^livtUe

111 627,421

232.301,215 -t-161 2,495,919,133 2,406,504,213

10.6035I2
6.193 628

Sioux City

To. other
Louis

269,772,665

3,171, 94fi
1,2S5.851

106,799,066
102,889,313
34,234,842
33,139,375
19,997,968
22,815,488

Kansas City
Minneapolis

Baltimore

4^-9

.

Helena
Fargo

116,408.264
42,175,044
23,183,098
6,433,625
4,877,976
8,893.400
2,664,994
1,685,287
1,213.003
978,955
851,716
786.802

-14-5

.

Tacoma

AND

H-6
|-10(i

Toledo
Peoria

Grand Rapids
Dayton

Akron
Spriugfleld.

Ill

Voungstown
Kalamazoo
Lexington
Canton
Rockford
Springfield.

O

Bloomingtou
Ouincy
Decatur.
Mansfield
Jacksonville
Jackson.

Ann Arbor
Total Mid. Western

San Francisco
Los Angeles
Seattle
Salt Lake City

Portland

Spokane
'racoina

Helena
Kargo
Sioux Falls
Total Pacific

Kansas City
Minneapolis

Omaha
St.
St.

Paul
Joseph

Denver
Des Moines
Sioux City

Topeka
Davenport
Wichita
('dorado Springs

380 500

1,387,580,605
104.494,714
46,347.926
19.754.4.'34

5.823.261
3.288.560
2.985.514
1,865,682
1

800.000

1,049.111
1,154,707

575,625
597,444
386.000
330.940
877,884

436.248
851,887
450,439
163,194
888,030 Not Include

tal.

+66-9 1,547,978.807 1,498.258.817

+29-9

109,149.634
6,135.600

-f82-8
--22-6
•13 4

2,02-^.947

-45-1
-22-8

1552,124

128,882.145
6,550,200
2,305 823
1,745,690
1,377,114
1,196,841
1,468,614
601,826
864,410
464,720
452,786

90,230,973
6.771,100
1,736,148

824.987
1,187,994
883,585
444,050
567,167
430 991

— 31-6
-18-0
— 18-2
+5-1

270 003

145.102,669

114.713,833

+267

124.846 2-25

168.071,872
20,408,900
12,828,147
9,840,054
7.809.137
6,570.658
4,845,300
2,727,508
8,248.522
1,641,364
1,431,014
1.216,850
448,000
548 087
469,686
687.204
427,767
878,872
636.672
305,70
899,041
286.978
286.932
173.998
185,612
209,728
104,339

147 096,609

+13-6

18,668,050
12,897,096
8,837,246
6,997.619
5.807,668
3,798,600
8.018.366
2.866.602
1.628.384
1.333,162
1,156,061
540,200
550.000

+9 3

248,566,948

219,949,969

29,386.906
7,104.802
4,705,529
4,497,159
3,657,522
2,532,781
2.690,751
688,156
664,142
279,351

25,051,156
5.503,183
8.553.220
8,930,292
3,143.830
2.040.844
1.721.604
646.443
619,145
208.793

68,117,189

47.115.790

45.118 559

88,831.477

22.054.781
20,543.984
7,348,884
7,155,041
4,109,164
4,918.798
1,983,238
1,378.884
842,270
626,096
789,400
411,603

19,053.901
17,963.9'
6,386.772
6,149,212
8,474.743
4,847,981
1,935,874
1,145 698
1,252.62'

17,712,649
17.750.763
6,276.586
6.39S.083
3.270.780
S.h85,038

16.7.58.919

672,5.53

844.491
875.850

1,428,5-26

1,214,362

462,3>i2

618.038
496,343
474.868
487,305
821,591
318.283
340,764
185,854
221,540
179,201
175.000
79,837

-33

-

1,407.077
1.265.720

1,170.989
977.091
491.912
402.,54.>^

145.039,879
15 986,050
12,046.224
12,076,878
5,878,811
4,018.738
8,713,350
2,016.915
2.529,653
1.224,169
1,015,471
871,133

—0-6

-(-11-3

-K5
-4-1
-f-14-3

-9-8
+13-3

-1-1-2

-1-73
4-5-2

—180

468,0'JO

—0-3

431,406
411,933
405,730
406 958
277,071
455 891
283,881
249.875
273,382

—0«
+1

1-2

—139
-202
+10-3
—4-9
+27-9
— 15b
+54-9

-215
+3-8
+19-8
+30-7
+10-8

126.'204.U»

'

6o.bo6
143,006
149.924
84.4,80

208,698.562

200,492,108
28.630.296
8,402,839
8,179.479
3,884,700
2,308.178
],10S,,831

+26-0

1,088.095
544.128

4-27 9

488 938

+35-3

232.593

1.91-2.370

1,446,0
1,381,5,55

696.556
402 016
105,274

16.723.533
8,018.886
5,5.-^3.858

4,383.077
8,729.872
1,589,476
1 375.035
1,087.756
784,508

553 559

8.54.579

709,4-32

83,096

161,710

82 50 (.192

59.4-20.479

Cedar Rapids

358,290

Not Includt

72.279.310
53.005,893

04.087.183

St. I.K>UIS

40.014.28.

42,009.421

New

2l,5v;9,804

17.201. -249

13..H84.2i54

7,954.438
8 000,000
5,348,000
3,825.420
4.441.0
4,089,399
2,588,900

Worth
Birmingham

9.623,871
7,703,N35
6.066.000
4.696,156
4.483,4^8
6.348,066
8 300.986
2.492.876
1,897,331
1,700,000
1,363,091

1,018. ()S1
1 ,3AS,lt5>
1.348, 5S!I

Total other West'rn

Orleans

Louisville

Houston
Galveston
Richmond.

Savannah
.Memphis
Atlanta
Naslivillo

Norfolk
I'orl

KnoxvilU.

1,21,5.321

(Charleston

1,209.616
607.994

.Vlncon

Boaiiniont
.Inrksonvllln

C'olumbUH. Gn
Total Southern
Total all
Outside New York.

tlgii

131.412 175

and Cnnadlan ClearlBB* on paced

8.3,88.832
2.1.S6.033

1.303.275
1,139 890
1,281.741
1.077,651
.532.840
1,286.098

901,996
6S0.000
633.127

682,bo6
891,483

830.635

7--'9.823

,S52,48a

res not avnl
59,'<,083

Not

liicluilf

T()7y'r3iiri

2,641,158,807 1,746,860,919

855,091,973

4.O5y.507

741,0(10

774.188
309,85(-

800

3.51.5,70i

1,098.331

761.512

Weekly

3.^^58

1.539.891
1,801 .537
1,I3H.H31

1,500,000

Mttlo Kock.

0,573.88;i

6.181.001

2,532.33(1

1,232330

Augustu

Chntt an ooga

-03

190L

137.10'

-9.1

-l-Ol

26.

1902.

Dec.

103.616.823
82.879.994
19.066.693
6.995.248
8.510.318
8.118,431
1,926,023
1,705 721
981.641
977,840
782.146
564.245
357,800
294.452
485,013
346,648
249.636

1.992,345.218 1,193.259,733

36, 1904,
1901.

Fremont

f70-2

+ 11-2

Inc. 01

,786.061.834 1,016.401,163

Philadelphia...
Pittsburgh.....

Chicago

Total JL West. 1,194.221,628 1,073,780,189 +11-3 12031894,900 11946973,720 +0-7
126,495,524 +12-3 1,894 .293,651 1,885,757,
143,675,670
-fO-6
San Francisco.
+11-6
807, 843,697
28,196,192 4-18-6
33,436,180
275,862,
lios Angeles
4-7-1
202, ,481.00^
17,740,755 +22-8
189,056,
21,705,366
Seattle
140,587,40;.
12
18,630,387
17,080,333 +9-2
138,839,
Salt Lake City.
17-2
7-5
171 010.800
16,4S<),371
19,328,153
159,665,
Portland
--23-1

Spokane

1903.

New York

Total
817 578,745

Chicago

+ TZ-'

1904.

542,211,1

8,855.321
6,612,745
5,779,542

Springfield.

—0-5

5,152,130,166 5.347,132,449 —3-7
1,859.994.580 2,189,842.783 -15-1
1.008,077,571 1,074,757.965 —6-1
297.922 078 292,998,748 +1-7
195,047,437
188,431,294 4-3-5
174,682.310
173,788,159 +0-5
122,748,'
133,847,240
+90
81,845,930
82,613.4.59 -09
59,028,690
61.205,036 -3-6
60.171,788
57,215,364 -12-3
42,088,00
44 235,486 —4-8
83,027,646
35,219,6'JO —6-2
20,,52 1,200
19,984.600 +2-7
18,047,627
21,045,095 -14-2
20,588,257
21,817,519 —4-8
8,086,621
7,788,291 +4-1

5,005„'>38

4,124,206
3,306,139
1,994,100
1,713,447
1,782,208
786,405

...

—

Clearings at

In. or

60,148,482,026 60,472,703,260

4,807,923,443

551.9.W,735
ia7,861,0&6
106,410.847
B0,652,918
20,516,964
19.507,722
13,456 958
7,964,518
6,243.994

1902

Week ending November

Months.

?
8,337,65.'?,971

Ne'wYork

Rochester
Scranton
Syracuse

2058.

79.

730,459.7C4'i

'i3tf> a-id 'iSHS.

tal.

94,486,703
8.093.0i12 625 2.026.076,703
I01,f)4l,81l

720,422,020

098,832,»l'S'>

THE CHRONICLK

2558

Of

TEE FINANCIAL SITUATION.
The

[Vol, Lixii.

course employees are slow to understand what such

and balance sheets really mean. Besides, their
is clouded by the circumstance that so many
mills still pay dividends.
Dividends prove nothing; they
facts

public has been getting impatient of late over the judgment

slow progress making towards a definite end of

tlie

llusso-

Japanese war and the large sacrifice of life which
marks every victory. This week we have had the news
of the success of the Japanese attack on 203-Metre Hill,
which position, it is claimed, commands the Port Arthur
harbor and on the summit of which guns can be mounted
that will force what is left of the Eussian squadron out
into the open or will enable the Japanese to destroy it at
its anchorage.
As the Russian advices admit the com-

may

manding importance of the position taken, it is a fair
conclusion that it marks the beginning of the end. Since
Port Arthur has been constantly claimed impregnable, the

that

taking of any dominating position could not be otherwise

than accompanied with a large

loss of life.

It is quite

be paid out of accumulations of

previous

years

may borrow money to pay them, or there may
reasons why they can pay them, as for instance

or the mills

be special
that

such mills are working on fine goods or bought

when

it

cannot do, for their working capital

is

their year's

supply of cotton

besides that, laying in

orders

is

not

to

;

cover anticipated

a species of speculation, and therefore a risk
every mill manager would feel

take.

Besides,

tional

cases

dividual

raw material

was low, which all
not large enough

it is

authorized to

needful to bear in mind that excep-

prove

There

nothing.

mills in every

class

of

are

always

manufacture

—because of superior advantages
haps of machinery, of larger
agement— show always a low unit of

or

plant,

in-

which

say per-

remarkable that not long after a position has been procapital, or better mannounced by the Russians as absolutely safe from attack
cost, and are thus
news comes of its capture.
This has been the able to squeeze out a profit where others are less
Mstory not only of the siege of Port Arthur but in Man- fortunate. Consequently, it is the average mill that
churia as well. Moreover, it is an interesting fact that reflects the true situation when that shows an unfavoralthough the public is constantly hearing in great detail able result, it must be accepted as the only correct guide.
of little successes of the Russians, every real battle that These annual reports, thoroughly studied, will, we think,
is fought ends in a victory for the Japanese.
prove that the Pall River mills cannot continue operations
on the old basis of wages.
The Pall River mill managei'S appear to be somewhat
encouraged, there having been material gains in the
Argentina might almost be called the storm-centre of the
number of employees reporting for work the current week.* wheat speculation at present. That source of the world's
It is well known to our readers that two weeks ago these supply, coming to maturity at this time, always acts as
mills opened their doors again and set their machinery in an opportune help tawards filling up in some measure any
Of course the
motion, inviting their employees to return to their positions gap a United States shortage may make.
the stumbling current year even a partial failure there would prove a
at the reduction of 12^ per cent in wages
block which precipitated the inauguration of the long more serious loss than it would ordinarily be.
Por this
In writing in this column on the subject at reason, at the moment any favorable or unfavorable
idleness.
the time of the reopening of the mills, we showed that change in weather happenings in that quarter, or any
the drop in the pay of the men was a requirement rumor reflecting a better or poorer prospect as to shipof a notable change in the price of cotton af- ments there, attracts special attention and disturbs the
the heavier makes of cotton manu- serenity of operators on one side or the other in our market.
fecting chiefly
were not free The last three or four weeks the delicacy of this situafactures, under which those
mills
Previously the
to do what the men demanded; that is, allow them tore- tion has had a notable illustration.
turn on the old temas as to rates of pay.
Competition is wheat crop in Argentina had been in a prosperous
But about four or five weeks ago it be80 sharp, mainly due to the rapid growth of the industry state.
rain, and
from that time to this the
to
in the South because of the advantage Southern factories gan
to
condition
coming over the -wires
have over the less advantageously situated mills in the rumors as
North, as to have made it impossible to pay the old wages, have alternated from good to bad, and the reverse, with
Unfortunately there have been consince the price of cotton has been ruling abnormally high. great regularity.
Obviously the greater the cost of the raw material that tributory causes to the nervousness felt. Russian shipgoes into cotton goods the greater is this disparity. ments have likewise been fitful, that is somewhat
Northern mills working on fine goods have been making irregular, and rumors have been put afloat of a speedy
money all the time while those on coarse goods have close to the outflow, the belief in those rumors being
;

—

encouraged or discouraged as the movement turned out
What has helped to make mill managers more hopeful large or small. Then, too, the serious drought in our
has been a growing belief that the gains some of the winter-wheat belt has done important service as an
suffered.

mills are

due

making

the

to

in the

number

fact that the

ciate the real situation.

that

of employees at work is advancing factor.
hands are beginning to appreAmid all these rumors and events there was a moveWhen they come to recognize ment going on, not very slowly either, but in that regu-

what they demand cannot be secured, because,

if

lar, irresistible

way which

long continued, that course would bankrupt even the
strongest concerns, they cannot fail to go to work on the

by natural influences.

the «i*gument and the ground

their idea of domestic

only basis possible. This

is

of the

New

better

feeling.

proof of this unfortunate

up

to

a phenomenal point.

sumption at

last

results

assume when propelled

Prices of wheat had been pushed

The

speculators had based

needs for that grain on home con-

year's

and the previous year's

price.

is working over fiictors unlike in almost all particuand yet drawing conclusions fi'om them as if like in
at the close of the companies' financial year and the every respect. Por instance, a highly important fact in difefforts of the managers to present to the operatives ferentiating capacities for the consumption of any article is

position

State

has been brought out with the filing at the

House

of the annual reports by the mill treasurers

through their appointed leaders what these reports teach.

That
lars,

the relative price of that

article; another

condition

is

Dec.

THE CHRONICLE.

3, 1904.]

2559

whether there is any article held at a relatively lower now been definitely brought to a close. All industrial
price that would make a fair substitute for the higher- affairs in Colorado have been suffering for fifteen month*
price commodity 5 still another is whether the article because of the blight imposed by this labor struggle.
a subject of general consumption, and so in-

Trade and business should now enter upon a new
consumers men of small incomes as era of prosperity. Indeed, the revival may be said
cluding
have been fully under way even before this
well as large, or whether it is a luxury within the reach to
These are a few among the incidentals action of the Federation of Miners. Thus the Denver &
of the rich alone.
advanced

is

among

its

and must be allowed for before a Rio Grande, which for fully a year up to the second week
can be reached on which one can work out of October had been reporting almost uninterrupted decommon
the relative consuming capacity in the United States of creases in earnings week by week, began in October to
affecting the problem,
basis

wheat

flour

between 1902-3 or 1903-4 and 1904-5.
home consumption problem

Including as a part of the

And

show

increases.

ever

since, gradually

these increases

gaining

in

have continued

magnitude,

until

these special differences in the regulating forces between for the latest week, namely the third week of November,
1904-5 and previous years, it will be found that very an improvement of $77,500 was recorded, this being
nearly what one would expect to happen has happened. larger than the loss experienced in that week of 1903,

Speculators have over-estimated the wheat flour con-

sumption for the current year;

or, in

which had been only $59,900.

other words, they

The

have put a prohibitive value, so far as a very considerable class of our people

concerned, on the use of that

is

Inter-State

commodity; and have consequently shut them out from experience

As

being consumers.

in the use of wheat,

a result of this forced economy

supply

the visible

accumlating

is

with a good deal of rapidity in the United States.

Commerce Commission has met with
This of course

another reverse in the courts.
for that

body and we allude

to the

is

no novel

matter only

because of its bearing on the attempts that are being so persistently

powers.

made to endow
The present

the

Commission with rate-making

ruling also attracts attention by

reason of the fact that the case was a long standing one.

would appear as if the last vestige of the mining
troubles in Colorado, which for over a year have so deeply
disturbed industrial affairs in that State, had now been
removed. It will be recalled that the strike began on
September 1 of last year and that scenes of the greatest
violence at times attended the course of the movement.
The mine-owners gradually gained the upper hand over
the Western Federation of miners through the employment of non-union Miners. Nevertheless, it was not
who is enuntil July 26 1904 that Governor Peabody
It

—

titled to so

—found

much

possible to withdraw all the military from the
Creek district The Governor himself then

it

Cripple

was the

stated that this
of

credit for his stand against lawlessness

first

time since the previous 4th

Commission against the SouthUnion i*acific
Railway and the Union Pacific Railroad Company.

The

action

From

The

fact that the military could

be dispensed with was

This week the ccincluding act in the

aftair

has

been taken in the action of the District Miners' Association

session

in

strike.

at

Ouray

Moyer

President Charles H.

Miners
patches as having made
Federation

cerning the

have

definitely terminating the

in

of

quoted

is

the

action of the

called

the

strike

Railway are mentioned, the reader can judge how
old the case must be, for the Union Pacific property has
not been in receivers' hands since 1897. The point at
issue was the right of the Commission to declare unjust
a rate on sugar from San Francisco to Kearney, Neb.,
as compared with the lower through rate to Omaba, Neb.
On Tuesday of this week Judge W. W. Morrow in the
U. S. Circuit Court at San Francisco handed down a
decision of the usual order in cases where the Inter-State
Commerce Commission is a party. The Court found,

because

mine ownen and operators

dis-

we

mission

take

the

it is

the

effect that

were

matter

unjust

rate is just or

question of fact, not a

have been conceded by of
to

the

dispatches, that

rate

was not uujust. The Court
also said that the Commission had no right to legislate,
and that the Union Pacific Railroad Company as successor to the Union Pacific Railway Company could not
be bound by the order of the Commission, since it had
The question
not been a party to the original suit.

'^We the

in the Telluride District

notices

telegraphic

to the

Western whether a given

the press

Miners' Association:

off

in that they recently posted

of the

following statement con-

position that the issues involved

the

in

Union

the circumstance that the receivers of the

established by the railroads

evidence that the strike was rapidly becoming a thing of
the past.

the

Pacific

September that not a member of the National Guard according

of the State remained in active service.

was that of

ern Pacific Company, the receivers of the

simply

would

is

question of law.
in

be

the

bad.

But

continually being found in error as regards

facts, is

Com-

knowledge,

legal

so

deficient

not

obviously a

If

that

findings

one of the strongest indictments that could

be brought against

it.

Tet

it

is

seriously

after

December 1 they would grant an eight-hour work
for their mills and smelters and a minimum
wage scale of $3. These were the demands we made

to let those rates

day both

case, which,

©ver one year ago.

being pro

and
adjudication of a

posed to give the Commission the power to

fix rates

have absolutely no means of redress.

I

believe

that

within sixty

days

every mine and mill at Telluride and Ophir will be run-

ning

to its full capacity,

with the best workmen in the

stand until the final

like

courts for years.

the

present,

may

drag through the

In such a situation the carriers would

tion of such a thing ought to

The mere suggesbe sufficient to condemn the

proposaL

West employed."

We

are not disposed to attach

much importance

to the

The Pennsylvania

returns

of earnings

are growing

In previous mouths we have noted
ns it appears more likely that the Federation of Miners that the losses in gross earnings were gradually becomrecognized that the places of the striking union men ing smaller.
Now the statement for October is at hand,
were gradually going to non-union miners, and was glad and in place of a decrease there is this time an increase.
to find some pretext for withdrawing from the contest. The increase is of trifling iiroportious, being only $3,100
reasons here assigned for officially ending the strike.

However,

it is

To

better each month.

a satisfactory feature that the conflict has on the lines East of Pittsburgh and Erie and

$9,100

i

THE CHRONICLE.

2o(i()

on

the

West

lines

the

is

But

this

were in only

exception,

that

of maturity.

Pittsburgh.

of

with

occasion,

first

one

an improvement of any kind in gross earnings has been

November

since

[Vol.

At

of last year.

the

same

collateral

fair

demand and

Linx.

chiefly for the shorter dates

Rates on good mixed Stock Exchange

were 4 per cent

and
Thursday

for sixty to ninety days,

for four to six months until
were continued, and and thereafter, when 4 per cent was quoted for all
as a consequence there was a saving of $355,700 on the periods.
Commercial paper was in good request, prinEastern lines and of $327,200 on the Western lines. cipally by out-of-town buyers, and rates were 4^4^ per

rccordeil

time

the economies in expenses

The

final

3^-0)4 per cent

therefore,

result,

$358,800 on the

Eastern

Western

or

the

lines,

a

gain

net

in

of cent

for

sixty to ninety-day endorsed bills

receivable,

and of $330,300 on 4rJ®4| per cent for prime and 5'S)5J per cent
$695,100 together. Lest it four to six months single names.

be

supposed

that

the

the

present

year

follows

we

was

lines

increase

a

gross

in

in

loss

lor

good

earnings

month

that

The Bank

of

England minimum

rate of discount re-

October 1903 mains unchanged at 3 per cent. The cable reports disrecorded a gain of $580,500 on the combined lines, counts of sixty to ninety day bank bills in London 3
though this was then attended by an augmentation of per cent. The open market rate at Paris is 2J per cent
$686,900 in expenses, leaving a small loss in net at that and at Berlin and Frankfort it is 35'a)4 per cent. AccordThe following table shows the ing to our special cable from London, the Bank of Engtime, namely $106,400.
last year,

will say that actually gross in

gross and net earnings for the last six years on the lines

land lost £305,434 bullion during the week and held
East of Pittsburgh, being the only portion of the system £32,550,219 at the close of the week. Our correspondfor which we have the data for such a comparison.
ent further advises us that the loss was due to imports

£14,000 (£8,000 from Australia and £6,000 from
to exports of £450,000 (of which £90,000 to
South America, £350,000 to Egypt and £10,000 to
various countries), and to receipts of £131,000 net from
the interior of Great Britain.
of

Lines East ov
PlTTSBDBGH.

1904.

1903.

1902.

1901.

1900.

1899.

Paris),

$

October.

Gross eamlags... 10,728.675 10,725,575 10,546,975 9,530,876 7,718,578 6.976,278
Operat'g- expenses 6.595,478 6.951.178 6.667,678 5,682.778 4.678,878 4,439,178

Net earnings..

4.133,197

8.774.397

8.878.397

8.847,497

8.039,700

2.587,100

Jan. 1 to Oct. SI.
OroBS earnliiBS .. 97.594,094 108598294 93,668,094 84.249.394 69,970,484 59,487,784
Operat'g expenses 67,193,031 70.974,931 61.100,831 54,377,531 46,819.477 41.896,877

Net earnlEga..

30,401,063 32,023,363 32,567.763 29.871,863 83,151.007 17,541,507

The tone of the foreign exchange market was easy this
week influenced by a good supply of commercial bills
against cotton and by a lighter demand, indicating that

flgures include the Buffalo A Allegheny Valley Division for
1901. 1902. 1903 and 1904. In Oct., 1901, the earnings of this division were, approximately, gross. $378.B97; net. $329,497. Krom January 1 to Oct. 31 the

Note.— These

earnings of this division in 19)1 were, approximately, 96,829,910 gross and tH-

had been very largely reduced or enclosed out; the inquiry for remittance seemed to

the short interest
tirely

be confined to that for mercantile settlements.

840.257 net.

ation in the tension at Continental centres

A

relax-

was indicated

There was no change in official rates of discount by by easier discounts and the apparent absence of urgent
any of the European banks this week and unofficial or demand at Paris and at Berlin for gold from London.
open market rates were, compared with last week, steady This was shown not only by the higher rates for exchange
at

London and easier at Paris, Berlin and Frankfort.
The bank statement of last week showed, as the most

at those centres

on the British capital but by the decline

of ^ of a penny per ounce in the market price of bars

important features, a reduction in loans of $10,289,800, and of American Eagles at London, to 77 shillings 10^
making $39,865,700 since October 29, a loss of cash pence for the former and to 76 shillings 5^ pence

amounting to $5,134,600, a total of $23,467,700 in this for the latter. These improved conditions abroad afand a decrease in deposits of $15,665,100 fected our market for exchange, causing offerings of bills
during the week, making $60,221,700 since the above w hich had been accumulated in the expectation of a
The surplus reserve was decreased $1,208,325, pos sible recovery in rates to figures near the gold-export
date.

interval,

and it now stands at $8,381,375, the lowest of the
The statement of this week should reflect, among

point.

sequenc e of these oflerings, the market became steadier
and then dull, but the undertone was easy. Gold re-

New

Orleans of $600,000, to San
Francisco of $250, 000 and to Chicago of $200,000.

items, the transfer to

Money on

call representing

bankers'

After a sharp decline early in the week in con-

year.

other

balances loaned

ceived at the

Nominal

Custom House during

rates for

sterling

the

week $617,955.

exchange are 4 84^ for
On Saturday of last week

Stock Exchange during the week at 4 per cent sixty day and 4 87^ for sight.
and at 2^ per cent, averaging about 3J per cent. Banks the market was active, and, compared with rates on the
at the

and

trust

companies early in the week loaned at 4 per previous day, there was a

minimum;

Wednesday such

fall

in short of 5 points, to

4 8685'S)4 8695, and a rise in cables of 5 points to
principally at 3^ per cent, although some money was 4 8725'a;4 8735; long was unchanged at 4 8410®4 8420.
On Monday transactions on the On Monday the market was weak, influenced by liberal
placed at 4 per cent.
cent as the

Exchange were

after

loans were

4 per cent and at 3^ per cent, with ofi"erings of bills, with a decline of 50 points in long to
3J per cent. On Tuesday, owing to 4 8360'2)4 8375, of 35 points in short to 4 8650'2)4 8665,
liberal offerings by near-by banks and by private bankers, and of 25 points in cables to 4 87'2)4 8710; there was a
the majority

at

at

loans were at 3^ per cent and at 3 per cent, with the bulk
of the business at 3J cent.
for the

On Wednesday

December payments

of dividends

preparations

and

interest

caused 4 per cent to be recorded in the afternoon after

points to

On

Tuesday long recovered 10
4 8370®4 8380, short 10 points to 4 8660'S)

firmer tone at the close.

4 8665, while cables

fell

On Wednesday

tone

the

off

5 points to 4 87'S)4 8705.

was easy and long was 10

been made at 3J and at 3 J per cent. points lower at 4 8300^4 8370, short declined 10 points
at
loans
were
4 per cent and to 4 8650^4 8660, and cables 10 points to 4 SOOO®
at 3 per cent, with the bulk of the business at 3i per 4 87.
On Thursday there was a recovery in long of 15
cent.
On Friday transactions were at 3J per cent and points to 4 8375^4 8380, in short of 5 points to 4 8655
2^ per cent, with the majority at 3J per cent. Time loans 4 8065, and in cables of 5 points to 4 8695^4 8705.
transactions had

On

Thursday

.

Deo.

;
1
!
,

THE CHRONICLE.

3, 1904.]

The market was easy on Friday
10 points

long, of

for

at a decline of 5 points

and of 15 points

short

for

DAILY POBTED RATES FOR

rates for

4

Bank

841-5

out giving time for sober second thoughts to prevail-

exchange hy

The two views have a present interest in the light, on
the one hand of the huge majorities by which our own

KXCHANOE.
Wed..

4 88

87i|

485
48<

84H

& Co

British

87!s!

60 (1a78

4 85

84^

483

871^

5

of

4 84J^
4 87j|

60 days

4 85

j

riiKht..

488

(

00 daTP

4 85

841.^

I

Briiht..

488

87Mf

(

60 days

4 85
4 87J^

84^^

<

eiiieimer&Co.
Lacard
Freres
HereosntR' Bk.

84}^

of Caiiai^a.

485
4

87«

84 '<

important question of the day,

87}i

^^

non-political nature of the occasion on which Mr. Morley

84H
87*,

84^
87^

spoke prevented him from following out the train of

r^

itH

thought suggested ;

84'.^

87«
84W

84i^

87«

84'^
S7i4

The

87!.l

84'.<;

87H
84^
87«

c. 2.

last few elections
and on the other hand of the remarkable
been returned,
British situation, whereby a Ministry, almost certainly
out of sympathy with the popular majority on the most

84>^

84J^
87>6

87j|

84U
87^
84H
87^

Commerce. ISItht..

Hel(Jelbaoh,I'>k-

84^

87i^

87H
84^
87H
S4U

Fri..

D

1.

84^
87^
84H
87H
84^

84!^

No. America.. ?8iiibt..
< 60 days
Bank of
JSIglit..
Montreal
Canadian Bank 5 60 days

Thctr.,
IMC.

84}^
87i|

JStifbt..

Brotbets
Barinz.
JAng ihd

4 85

60 days
(SiKht..
60 days
<

gusts of popular passion witli-

Presidential candidates have in the

F0RF.70N'

FBI..
MON., TtTES.,
\or. 25. Sor. 28. Sor. 29.

Brown

the Executive to sudden

for

cables.

The following shows daily posted
some of the leading drawers.

*J561

84'^
87}^

87^
»iH
87^
84^

STii
84 V,

84 "i;

87^

87J^
81!-^

84^

87U

871^

it

may

still

be profitable to do so here.

The Balfour Ministry's singular
question

in its way,

is,

retains office.

an answer

on the fiscal
the argument that

position
to

the English system necessarily leads to servility to

the

may be

slow

It suggests, in fact, that the public

public.

power, even

to exercise its

when

has abundant motive*

it

The market closed on Friday at 4 8370®4 8375 for
One reason for this attitude, perhaps, lies
long, 4 8G45'S>4 8655 for short and 4 8680®4 8G90 for
complexity of modem public questions.
Commercial on banks, 4 8345'S)4 8355 and
cables.
Cotton for paydociunents for payment, 4 82f ®4 84J.
cotton for acceptance, 4 8345®
ment, 4 82f 'S)4 82§

growing

in the

An

electorate

which, were a single public question hanging alone in the

balance, would not hesitate

oust a ministry at once,

to

;

may

where half a dozen other questions are in4 8355, and grain for payment, 4 84'2)4 84 J.
volved, whose issue on a change in ministry may not be
The following gives the week's movements of money so certain. The divided and vacillating attitude of the
Acting and voting
Liberal-Unionists is a case in point.
to and from the interior by the Xew York banks.
in a body, this faction of the English Parliament and
Received by
Shipped bv
Net Interior
Wtek endino Dec. 2, 1904.
people could unseat the ministry to-day, and that its
y. Y. BanT<g. y. r. Banfc.v
Movement.
sympathy is largely adverse to the Government's posi$8,878,000
Gain. $4,001,000
54,277,000
Carren..y
1,104.000
991,000
170,000
QalD.
Qold
tion on the import tariff question there is no doubt whathesitate

,

Total

uoM and

With

letral

is

89,982,000

Gain. $4,771,000

$5,211,000

Sub-Treasury operations and gold exports

the

the result

tenders

But

ever.

the persistent revival of

problem, on which issue

doned their Liberal

as follows.

the

allies,

Irish home-rule

tlie

Unionists

originally aban-

has quite prevented unity and

with the

has kept the majority of the faction
Week ending

Lee.

2,

Into
Banks.

1904.

Oat of

jV«£

Change in

Banlis.

Bank

Holdings.

Banks interior movement as above
Snb-Treas. oper. and gold exports

59,982,000

$5,211,000

Gam.

$4,771,000

23,200,000

20,700,000

Loss.

3.000,000

Total eold aud lee:! tenders

$33,183,000

31,911.000

Gain. $1,271,000

amount

of bullion in

.

.

.

The following table indicates
the principal European banks.

the

in

Government

Mr. Morley goes

still

at every critical division.

farther, arguing

that

line

the unseating of a ministry

through "gusts of passion" has been almost unknown in

For a case

recent British history.
''I

in point, he added,

can only recall the overthrow of Lord Palmerston in

1858

for

being thought too subservient to France."

Theoretically free from such restrictions on his action,
Decemter

1,

December

1904.

3. 1903.

an American Executive

Sanko/

S.

TotaL

Gold.

Silver.

7otaK

£,

Oold.

Silver.

£

£

£

£,

Brntlacd...

32,650,219

82.550,219

France
Qermany..

106,815,689

44.194.558 151,010.187

96.710,338

81.882.374
44.377.744 140.088.082

87,063,000
100,979,000

13.022.000

50.035.000

33,260,000

11.687,000

81,179.000

6,671,000

87.860,000

48.877.000

12.110.000

60.987,000

46,682,000

13,206,000

68,788,000

14.870.000

19.977.000

31,847.000

14.522,000

19,110,000

33,632.000

S2.113.000

8.170.400

36.282,400

21,090,000

8,305,100

24.395,100

Netherida.

6.529.000

8,123.700

11,652,700

4,120,400

6,394,000

a229.333

1,614.667

4344,000

3,136,667

1,668,833

4,705,000

During

in

confront a British

all

at least four years of office, the Aineri-

10,614,400

Nat. Beld..

a way which actually does not at
Premier.

them

in reality exposed to

44,947,000

6,791.000 107.770,000

is

Rtusls
Anst.-Han.
Spain
Italy

81,282,374

Tot. week... 872.025.181 107.003,826 470,028,606 830,882,779 105,319.177 436,201,956
Tot. prev .. 1868.149,148 106,064.633 474.233,781 332,680,041 106,658,077 438.238.118

can President has his eye on renomination and re-election.

In principle he

is

so free fi'om

outside

secure in his Constitutional tenure of his

may

snap his fingers at the public's

influences, so
office,

affects, in

that he

But

Avishes.

Btant consideration of that time approaching

appeal for the public's suffrages

con-

for another

the great

ma-

jority of cases, every important act of a first Presidential

MR.

MOBLEY OW ENGLISH AND AMERICAN
POLITICS.

term.

term

It will
frees

be

said, perhaps, that at

any rate a second

the Executive from these restrictions on his

action.

In his recent speech at Pittsburgh, Mr. John Morley

But they

are instantly replaced by others of a different

touched on the lines of distinction between our system of

sort.

government and that of his own country, and incidentally brought up some questions bearing pertinently on

gusts of feeling, either in Congress or

recent political

developments in both countries.

Mr

Morley cited the familiar criticisms against each of the
two systems— against the .American plan of fixed tenure
of executive office, because such an administration may
with impunity be quite irresponsive, once installed in

There was probably no President in our history
who more resolutely refused to bend his judgment to the

among

the voters,

Yet in so
doing he was confr'onted with an obstacle more serious
Unthan could possibly confront a British ministry.
than did Mr. Cleveland in his second term.

supported by his party majority in Congress, measures

opinion.

and policies of the Executive were bound to end in defeat
or deadlock
yet the requisite support had to bo solicited

of a ministry dependent on a

from Senators and Congressmen who themselves were

the House of Commons, because such dependence may, as he puts it, keep public men incessantly
performing like dancers on a tight rope, or may expose

bending before the popular feeling in their several con-

power,

to

the

real

against the p]nglish

majority in

outside

plan

forces of public

;

stituencies.

They had

turn to office even

if

to look to

thi.s

I

public for their re-

the Presidfiit did not;

tlie

result is

j

—

THE CHRONICLE

2562
memory

The high

which

[Vol. Lxin.

all the signs which have in the past been
Mr. Cleveland holds to-day aa a historic figure in the found reliable on such occasions shall in this instance
esteem of his countrymen is hased first on the one great prove misleading, it would seem as if we were at the
pablic measure which he carried to success only throtigh present moment in precisely that predicament.
In an

fresh in the

of erery one.

])lace

co-operation of his political opponents, but chiefly on the

and

numerous

policies

•tructive

legislation

rirtually impossible,

ministration

acts

Con-

which he prevented.

Indeed, unless

article in these

ting

out

the

columns two weeks ago devoted to setunder which manufacturers of

difficulties

under such circumstances was flour labor by reason of the Customs duty of 25 cents a
and the inevitable end of the Ad- bushel imposed upon foreign wheat, we showed

was a disrupted

It is not difficult to

party.

see that the line of action which Mr. Cleveland rejected,

that

on

the

CTnited

the

other

side

States,

in

of

the

northern

Manitoba,

there

of

frontier

was

wheat

but which to many other occupants of his place would in plenty to
mills
at
supply
the
Minneapolis
have offered irresistible temptation to compromise or sur- and elsewhere, but which was unavailable by reason
render, was this very deference to "gusts of popular of the Customs tax referred to.
We also quoted from
•pinion" from which his situation would have seemed to an interview with Mr. James S. Bell, the President of
render him secure.

Washburn-Crosby Co. of Minneapolis, reported in
"The Journal of Commerce & Commercial Bulletin" of
*ny final conclusion as to the relative merits of our this city, to the effect that wheat could be bought in
governmental system and Great Britain's. Like every- Manitoba at 18 to 20 cents a bushel less than had to be
Ihing in government, both are largely makeshifts, and paid for it in the United States.
We likewise adverted
•ach has particular elements of adaptability to a given to a statement made by Mr. A. Euyter, Manager of the
•mergency or a given community. The English system Hecker-Jones-Jewell Co., saying that he had been
kas unquestionably one very great advantage in the offered Argentine, Indian, Russian and Australian wheat
complete divorcing of the civil service from the whirl of laid down in l^ew York with the duty paid at only 5
party politics.
It has also an advantage as regards the cents over the cost here of American wheat.
personal attitude of a public leader in the fact that a
Such circumstances certainly make plausible the sugPrime Minister's defeat after incumbency in office not gestion that the existing basis of values in this country
«aly does not relegate him permanently to private life, but is in a measure an artificial one. During the month just
leaves him still the leader of the Opposition and in line passed (November) market quotations have ruled as
to resume his office when his party and its policies again high as at any time the present season ^as high as (in
prevaiL To a public officer thus placed temptation to de- fact higher than) when the rumors suggesting a crop of
Ibt to sudden and hasty movements of popular opinion is in only 500,000,000 bushels were being circulated and were
The range for the December option in this
»ealty much less than is the same temptation even with our credited.
Executive. Against this must be set the remarka- market during November was from 114J to 121;^,
The
able opportunity which our own system of Presidential latter part of the month there was some manifestation of
nominations and elections gives, but which the British weakness and the close November 30 was at 115|.
plan does not, of arraying publicly at intervals the Looking back a year we find that at the corresponding
definite policies and acts for which each party stands, so date in 1903 the price was less than 90 cents.
In other
Ihat the public as a whole may choose not only its atti- words, as contrasted with twelve months ago wheat
Tteide on a given question, but the question which most ap- in
this market is
commanding 25 cents a bushel
peals to it for decision.
more and this compared with a figure which was itself
high and deemed so by agricultural interests.
Though

We

the

should hesitate to draw from these considerations

—

wn

—

the crop

THE WEEAT AND FLOUB SITUATION.

is

very short, reducing our exports will obviously

the equilibrium between supply
and and demand. 2^o one contends that the crop will not be
market values is such as to challenge wide attention. large enough to meet domestic requirements. But conIn the agricultural harvests of 1904 wheat is the one traction in our wheat and flour exports has been the most
leading crop the yield of which has been deficient.
In conspicuous feature in our foreign trade statistics the

The wheat

situation as regards

serve quickly to restore

exports, supplies

•very other particular the season hag been one of plenty. present year.
Our readers are sufficiently acquainted
Fo one seriously argues now that the United States has with the general fact of a shrinkage; to show, however,
jraiaed no more than 500,000,000 bushels of wheat (winter the extent and magnitude of this shrinkage we have
-smd spring combined), which it was urged at one time brought together in tabular form the following figures,

(two or three months ago) was

all that could be counted covering the ten months ending Oct 31 in 1904 comProbably .550,000,000 to 570,000,000 bushels pared with the corresponding ten months of 1903:
WH£AT AND FLOUB EXPOBTS FROM UNITED STATES.
would be nearer the marL But even at these latter

iipon.

show a large reduction from other
comparing with 638,000,000 bushels raised

figures the crop will

recent years,

in 1903, 670,000,000 bushels raised in

Value

the further fact that stocks and supplies had been reduced

an unusually low basis when the new crop year
4^ened, it will be seen that there has been a real, sub.
4o

is

true, it

a

higher level of values.

by no

ward movement such
•

Jeason prices

may

means
as

not be

per biuheL

0:1. Z\.)

1903.
62,781,620
$50,776,551

112,974,926
$54,559,497

80*9 oenta.

1904.
10,981,340
$?,967,298
81*7 06013.

74-8 cents.

190::.

JF/ou)

If this fact of a short crop of wheat be conjoined with

dfeantial basis for

BaslieLa

1902 and 748,- Average

000,000 bushels raised in 1901.

-fiiis

(Ten XontTis Ending

Wheat-

follows

has distinguished
carried

warranted by intriuMc facts

to

But while

that in

an

up-

9,187,041

15,!>"2,059

14,819,8U

Value
$43,209,916
Average per barrel
$133
To'.al Flour and Wheal—
Bushels.
55,923,924
Value
$52,177,212

f5?>,528,378

$54,521,777
$3 73

Barrels

From

the foregoing

combined (the

latter

it

$3 32
132,*?55,^85

$110,304,9;9

appears that of wheat and flour

reckoned

at

its

the current wheat) the shipments in 1904 have been

a point far above

and circumstances.

178,764,089
$139,051,274

equivalent in

Jhan 66,000,000 bushels, against over 132i_ million bushels in
less

the ten months of 1903 and 178!^ milliou bushels in

the

Deo.

THE CHRONICLE.

3, 1904.]

The

ten months of 1902.

figures given

reveal

its bearing on the situation
important or significant than the falling

another
hardly

feature which in

is

less

off in the

We

exports.

with

pared

refer

New York

in

shown

in

shipments.

the

of

prices

market quotations

1902

and

1903

both

export

average

advance as com-

small

the

to

are

now 25

the

While
cents

2563:

4,118,684 cwts. respectively in 1903 and 1902: 18,466^-

700 cwts. from Argentine, against 13,558,855 cwts. au^
cwts.; and 8,959,800 cwts. from Australiv

4,185,880

only 26 cwts. in 1903 and 4,168,941 cwts. he:
other"
countries,
like
the
United

against

"all

1902;

supplied

States,

the

less,

falling

chiefly to diminished importations

off

being

from Canada.

dueAlt«t,.

above those ruling a year ago and 35 cents a bushel gether the British Isles took more wheat in 1904 thaia^
above those prevailing two years ago the export pnces in either 1903 and 1902, notwithstanding the reductionp,
here given show relatively insignificent advances, the in the contribution from the United States and Canada»average for the ten months of 1904 on shipments of And this statement holds good also when the flour imwheat as wheat having been 81*7 cents, against 80-9 portations reckoned at their equivalent in wheat are-

1903 and 74'8 cents taken into account. The United States, of course, sente
The conclusion seems inevitable that what greatly diminished amounts of flour and the loss here^
in 1902.
wheat went out had to go at low average figures was made up only in part by increased importations off
data relate to flour from other countries; but owing to the enlarged;
It is true these
or not at all.
the whole ten months, but even for October stand- amounts of wheat imported as wheat the purchases of
ing by itself the difference in favor of the present year is wheat and flour combined for the ten months of 1904v
cents in the corresponding period of

In

small.

brief, the

average price on the wheat exports

for October 1904 was 85-8 cents and for October 1903

was 81*4

cents,

an advance of

In the case of

bushel.

less

it

than 4^ cents per

flour, the disparity is larger, the

average per barrel for the ten months of 1904 standing

amounted

to

cwts. in the

97,558,746 cwts., against only 95,030,273"
ten months

cwts. in the ten

of 1903

months of 1902.

Evidently Great Britain got

What

more, she got

is

and but 90,523,412:

it

all

the

wheat she wante^„.

at about the old level of prices^

an advance of 51 while here in the United States we are asking about one^-The almost unchanged level at whicJ:'
but on the basis of present market quota- third more.
cents a barrel
prices have
held during the three'
for wheat an advance of considerably more than British import
tions
years is the most striking feature in the whole*
double this amount would be called for.
»'
The truth seems to be that foreign consumers are situation. On wheat the average for the ten months o^
at

$4

33, as against

$3 82

for 1903,

;

1904 was

6s. lid., against 6s. lOd. for 1903 and 6s. 8dL
showing even as compared with two years agev
paying considering this high enough. Producers and
Th!R^
speculators in this country are too prone to overestimate a difference of no more than 3 pence per cwt
Europe's dependence upon the United States. When result is the same in the case of flour, the average peg"
values here are low, foreign purchasers stand ready to cwt. for the ten months of 1904 being 9s. 9d., as com-

unwilling to pay appreciably more than they have been

—

for 1902,

take apparently unlimited quantities of our grain and
also

of other

food

But when

stuffs.

prices rise to a

high or unnatural basis, European consumers quietly

pared with

9s. 4d. in

1903 and

9s. 2d. in

1902.

That i^

Great Britain paid only 5 pence more per cwt. for it«5>
than last year and 7 pence more than two year®

flour

ago, which, expressed on the basis

would bs^
needed supplies and usually are able to satisfy their about 18 cents per barrel more than in 1903 and aboixfe.
wants there. We have had the curiosity to examine the 25 cents more per barrel than two years ago. Foar
British trade statistics on the point here raised, and they October by itself, the differences are somewhat larger
but quickly have

recourse to other markets for their

of barrels,

are absolutely conclusive, both as to Europe's unwilling-

than for the ten months, and yet surprisingly small

ness to pay any great advance in price and

sidering the enormous advance in prices established

obtain

such supplies on those terms.

its ability to

The following

shows the importations into the United Kingdom of

coi&iir*

the United States.

As

far, therefore,

as the situation has developed

up

te?

wheat and flour, both for the month of October by itself the present time, there appears to be little to encourag«>
and for the ten months ending with October.
The the thought that Europe can be induced to buy mucte
wheat of us at prevailing prices.
Moreover, with th«»
figures are given in hundredweights of 112 pounds.
foreign markets cut off,
the high prices have aifev
IMFOBTg or WHEAT XSD FLOCB INTO OBEAT BSITAIH.
Ten Uontlu to October 81,—.
the same time checked domestic consumption.
Tbft»
10C2.
:901.
1008.
isoi.
i»o».
looa.
Wh<at~
Cwt*.
C^^t,
Oui*.
Oi^a.
OwU.
CwU.
inevitable
result
has
been accumulating stocka.
].4Ce.:0«
4,l8«,S75
481,200
estates....
e.54;,100 20.406,728 87.202,376
.

i

RuBSla
Argentine..

8.634,«>0
i;,0»7.10u

BrltiBh India 8.270,500
Anstralta... I,076.*t0
Another....
420,900

Total

10,«7»,800

i

Total

.

64'<i.bT0

1,030.070

i«3i7,ieo
U,ia0,7OO
2«,4e«aoo

f.»

8,»S9.8a0

1.725,050

l.e3«.81«
Z50.S73

1,718,200

8.7Pa,964

8,508.400

Value
i3,8fl2,03a iJ.btO.s:©
At. perowt. 7a. 2d.
6a. 0d.
Ftour—
U. SUtei....
887,300
1.601,^00
Otb. o'ntrlea

HSJUM

«,78».600
61U,700
«,C»5.8C«

6^4,7U5
a,304.R85

Valne
.... £532,483 £1,108,834
At, percirt.
lOa.
Oi. 7d.
Wh*at t jloxi/r eomblned—

i3,os«,aoa

4,113/8*

lS,fi!)S,865

i2.*eo,343

4,18S.880
7,ati),0M

8,>'84.503

26
12E«2,6SJ

ll,16e.l4a

hardly less noteworthy, a large proportion of the increaat^^

80,148,300

73,483,784

68,««»,e46

has

4408,941

£2.'^7»,726 £87,^564,317 £«4,949,019 £2:^,884,030
6s.
Oa. lid.
Oa. lOd.
ei. 8d.

ec

l,561,f62
2e8,t30
l.":0.ly2

7,401.20^
5,0Jt.b8l

12,430,033

£882 038 £« ,085,3
6s. 2d.

Os. 0d.

18,796,484
8,809,1S7

18,810.188
8,368,061

£7.63',8S8

16.h88.100
£7,30;,08e

Cs. 4d.

shown an increase

in each

It will be seen that while

Great Britain obtained only
6,541,100 cwts. of wheat as wheat from the United
States in the ten months of 1904, as against 20,405,726
ewta. in 1903 and 37,292,375 cwts. in 1902, she obtained
20,469,100 cwts. from British India, against only 12,960,242 cwts. in 1903 and 7,340,924 cwts. in 1902;
16,827,100 cwts. from^Bussia, against 13,036,202 and

stocks

visible

have

and every week, and, what

\s^

occurred at Duluth and Minneapolis, which deriT*-

their supplies exclusively

of the

Korthwest.

from the spring-wheat

The following shows

districts!

the changeg;,-

week by week.

9s. 2d.

l<i,104,071

Q'nUty, cwt..ia,8!5,6fiS ll,834,r-3!) 11,341,028 97,568.746 B5.080.'73 00.52'',412
Value
£4.424 616 £3,909,684 £3,702,763 £33,960,080 £32, »l,557£30. 90 0io
j

Since the last week in August

VISIBLE BUFPLT OF

WHBAT

IN UNITED STATES

AND CANADA,.

A ggregatf. for
Ang. 27

Country.
11,988,000
12,814,000

,

Sept 3
Sept 10
Sept 17
S-ipt 24

13,n.'>,000

14,010,000
1?,':03,000

Oct 1
Oct 8
Oct 15
Oct 22
Oct 29
Nov. 5
Nov. 12
Nov. 19
Nov. 26

17,S65,000
20,?9",000

Duluth.

00
419 000
460,'

619.000
670.000
1,513,000
2,308,000
8,34>^,0()0

iiinneapoUai.
2,487,00*-"
2,22i!,00«'

1,922,00«1,6 9,0e<'

i,4ri,oor'
1,6»J2,0C«

2,58S,00«
8,746,00*

23,41!>,n
..

„

3,6!>5.000

24,(;55.000

2f,405,0O0
28,362,000

8,537,000
4,228.000
4,617,000

6,74;>,oo«.

81.;02,0(I0

4,36>^,000

8,lO1.0C*S

83,3H9,000

4,304,0(0
4,096,000

8,95;{,0<>9

3's,P06,000

4,65.'{,0C1|

6,939,oea

9,7l'4.00fe

THE CHRONICLE.

25G4

[Vol. Lxxii.

Aggregate visible supply for the whole country has dominating its affairs; to smooth over the diff"erence8
risen from 11,088,000 bushels August 27 to 35,595,000 which arose on that occasion between the conflicting
bushels November 26, and while Dulutli aud Minneapo- parties and to promote the original purpose of having the
Northern Pacific, the Great Northern and the Burlinglis combined at the earlier date held only 2,917,000 bushels

now

of wheat, the two points

hold 13,890,000 bushels.

The aggregate supply has for some weeks now been larger
than at the same dates in 1903; at 35,595,000 bushels
for November 20 comparison is with only 30,150,000

ton

&

Quincy operated under harmonious arrangements

bination

Northern Securities com-

advantage, the

for their joint

was devised, the better

to

attain

the

ends

sought.

This and this alone was tlie object in view. There
was no thought of stifling competition or of creating a
happens, too, that the quantity of wheat on passage for
Europe is also considerably heavier than twelve months monopoly in restraint of commerce and trade. Indeed,
•go, being reported 39,600,000 bushels November 26 Mr. James J. Hill is the last person in the world who
1901, against 25,632,000 bushels November 28 1903. could justly be accused of harboring the thought of a
Visible stocks and amount afloat combined hence foot monopoly under the conditions existing in the present
up now 76,195,000 bushels, as against only 55,782,000 instance. The Northern Pacific originally had a monbushels a yaar ago.
Obviously, therefore, the situation opoly of me traffic, since it was the only line running
across the continent from the head of the Great Lakes to
ia a«ck Afi to ioggeBt extreme caution.
the North Pacific Coast.
It was Mr. Hill who broke
the monopoly through the extension of the Manitoba sysDBVELOPMEIfT OF THE
tem to the Pacific Coast. Except for Mr. Hill's energy,
SECURITIES PROPERTIES.
skill, perseverance and boundless faith, the Northern
No decision has yet been rendered in the suit of the Pacific might to-day be still in undisputed control of
Harriman-Union Pacific interests against the Northern that part of the country.
Securities Company, though such decision is now looked
What, then, has been accomplished through the union
for any day.
VThaterw the determination of the Court,
of the Great Northern, the Northern Pacific and the
the status of the Northern Securities Company itself
Burlington & Quincy? For one thing, the traffic of the
will not be changed.
That combination has been conthree systems has been developed as it could have been
demned by the United Stares Supreme Court as illegal,
developed in no other way precisely through the interaud it must soon, therefore, pass out of existence. The
change of traffic already referred to. The fiscal year
present controversy relates simply to the method of
ending June 30 1901 may be considered as having been
distribution to be followed in the liquidation of the combeen the last under the old conditions. In the three
pany -Mr. Hill contending that the respective holdings
years which have elapsed since then important results
of Northern Pacific and Great Northern shares should
have been achieved. We have on previous occasions
be distributed on an equal pro rata basis among all the
shown how the traffic and earnings of the separate sysstockholders of the Securities Company, while the Union
tems have grown, but it is only by combining the three
Pacific people insist that each stockholder should have
that one gets a proper idea of the extent and magnitude
returned to him the identical shares turned in by him at
The
of the growth effected in this short period of time.
the time the Securities Company was formed, which in
following is a statement which we have prepared to bring
their case would be exclusively Northern Pacific shares,
out the exact facts.
thus giving them control of the last-named company.
YKAB ESBINO JtTNI 30 Before the Northern Securities Company disappears
1902.
1934.
1003.
1911.
Gross Earntno*5e:,8?8,192 J82,838.379 $53,795,248 $60,051,989
from the scene of action, it seems desirable to take a Ch!c. Bnrl. 4 Quincy
41.414.801
42.137,690
Great Northern system
SV5=,513 80,564,*?S7
glance back over the three years during which it has Northern Paclflc
46,524.674
46,148.105
41.387,88)
82,560,984
been in existence and note some of the benefits that have
$153,lt57,670 1150.918,174 $134,041,139 $11' ,177,300
Three properties
Net Ear-An^t—
accrued because of the part performed by it. It must be
$30,649,250 $i2,095,938 $18,'12,3T0 $15,933,081
Chic. Burl. A Quincy
remembered that the purpose for the carrying out of Great Northern system
17.«81,198
18,6:8,854
19,728,519
12,267,905
1-,94P,0:6
£0,827,256
80.6S8.';73
15,00.483
Northern Paclflc
which the Northern Securities combination was conceived
bushels in the corresponding week of last year.

It so

NORTHERN

J

—

—

•ntetlates by a considerable time the date of the creation

This purpose was to unite the Northern

of the company.

Three properties

In 1901,

it

will

$39,9?5,36')

be seen,

$33,513,003

the

gross

$55,045,61.'

$4»,251.4T4

earuiugs

of the

Tpacific, the Great Northern and the Chicago Burlington three properties were only $113,177,360.
The very next
& Quincy three large, separate systems in such a way year there was an increase to $134,011,139} in 1903

—

—

between them there was a further increase to $150,918,174; while in
and thus foster their growth and development, and at the 1904, notwithstanding the unfavorable traffic conditions
game time aid in the building up of the vast stretch of encountered, the total was $153,167,570. Thus in three
as to

facilitate the

interchange of

country which they

drain

traffic

and whose

interests

they

years

the

addition

has been 40 million dollars; indeed,

occurred in two years, traffic
Northern Pacific and the Great North- conditions during 1904, as just stated, having been unern jointly acquired control of the Burlington & Quincy favorable.
Some growth would doubtless have taken
the bulk

serve.

To

of the

increase

this end, the

early in 1901.
terests of

As

joint

owners of the Quincy, the

in-

the Nortliern Pacific and the Great Northern

now became

identical.

It

was supposed that the

inter-

place even

if

there had

been no union and no specially

close arrangements for the interchange of traffic.

great prosperity enjoyed

by the

The

whole United States

between the three systems could be afforded assurance of that. But it hardly needs to be
effected with the Northern Pacific and the Great North- argued that the growth could not have attained the proem remaining as separate entities. Later there came portions now actually recorded. It should perhaps be
the contest for the control of the Northern Pacific, in- stated that very little of the gain in traffic can be atduced mainly by the recognition of the value of the Bur- tributed to the building of extensions and the opening
lington & Quincy as a feeder and auxiliary to any one of new mileage.
The increase in the average length of

change of

traffic

;

Deo.

THE CHRONICLE.

3, 1904.]

road operated by the three systems

during the three

for all

New York

2565
City bank and

trust

company stocks are

weekly in another department of the paper,
and will be found to-day on pages 3572 and 2678,
Bawkb— y«w rork.
Shiret.
Latt preMoui utle,
Price.
806-309
Nov. 1904— 285
H« City Bank. National
*80 Ootnmeroe, Nat. Bank of.
243-24i
Nov. ls^04— 240
But 1904 saw the total reduced again to
613,003.
5 OoneoUdated, Nat. Bank
145is
Oct 1904— ISO
Si Impnrterd' <&Trai1er8'N»t. Bk. 592%
Nov. 1904- 500
$59,995,360.
5 Liberty National Bank.
625
Feb. ItOS- 6iO
lOMarket AFiiUon Nat. Bank... 26'ii«
Nov. IS 04— 262\
As showing the way in which new traffic has been 100 Meohanloa' <k TraderB' Bank .. 145^
July 1904— ISO
SO United Nat. Bank
95
93
Nov. 1904—
built up, it may be recalled that when the purchase of
Tbust CJompanies ~2r«w Fork.
50 BowllnK (ireeii TrastOo
217\
Nov. 1S04— 210
the Burlington & Quincy was made Mr. James J. Hill
10 Meroanttle Trast Oo
1,000
Oct. 1901—1,000
10 Metropolitan Troat Co
July l-.Ui4
623H
601H
reason for the acquisition a desire on his
gave as one
90f>
5 Morton Trust Oo
Oct. 1904— 875
54 Title Guarantee ATrastOo.... 600«l8
Nov. 1901— 685
part to find a market for Pacific Coast lumber in the
430i«
15 Washington Trust Co
May 1303— 400
There are no data in either the
Tbust Compant—BrooA/yn.
territory of the Quincy.
231i4-295
53 LODK Island Loan & Tr. Co..
Mar. 1904— 295I4
Quincy report perGreat Northern or the Burlington

5 per cent. In the net earnings
there was also noteworthy expansion the first two yearSj
the amount of the same rising from $43,251,474 to $62,-

years has been only

also published

—

&

mitting one to judge whether Mr, Hill has been successThe statistics, however, in
ful in this particular effort.
the Northern Pacific re])ort concerning that road's ton-

* Sold at the Stock Exobange.
sold at th« Stock Sxchange.

{

Of

this

amonnt, 26 sharea weie

—The New York Produce Exchange Bank,

3 Broadway,
which Mr. Forrest H. Parker is President, will
open another new branch on the corner of Am3fcerdam Avenue and Manhattan Street about the middle of this month.
this city, of

nage in lumber and forest products reveal some decidedly
As we have This will make the seventh addition to the institution's essignificant changes bearing on the matter.
pointed out on a previous occasion, in 1901-2 the ship, tablished chain of branch banks throughout the City of New
ments of lumber and forest products over the Northern York, tie others being located at Colnmbas Avenue, corner
In 1902-3 93d Street; Central Park, corner 68 Lh Street and 7th Avenue;
Pacific system aggregated 3,694,694 tons.
Broadway, corner 86th Street; Madison Avenue, oorner 60th
there was an increase to 5,090,387 tons and iu 1903-4 a
Street; H»rlem, comer lldth Street and 8d Avenue, and the
Thus in the two
further increase to 5,285,077 tons.
Barlem Marked 1031 Street and 1st Avenue. Work on the
years there was an addition in this class of tonnage in bank's new home now building at Broadway and Beaver
amount of almost 1,600,000 tons, the increase being Streets, is progressing rapidly and it is expected that it will
about evenly divided between the east-bound and the ba completed by next spring, Th5 directorate is composed of

There seems, hence, reason

west-bound movement.

for

thinking that Mr. Hill has been successful in his desire
to

find a wider

market

for the

timber of the Pacific

Northwest.

But

A'exander E. Orr, James MsMahon, Charles W. Morte,
Alexander Munn, E, S. Whitmau, Albert S. Roe, Adelbert
S, Alden, Forrest H, Parker and John E. Weeks, M. D.

—

Qen. Alfred C. Barnes, President and founder of the
Astor Place Bank of this city, now a branch of the Corn Exchange Bank, died on Monday. Oen. Barnes was born in
1843 and was a son of A, S. Barnes, the publisher,

communiLower transportation charges have attended
ties served.
—The deposits of the Irving National Bank, corner of
the operation of the three systems under common control.
Chambers Street and West Broadway, this city, have inInstead of advances in rates there have been repeated
creased more than SO per cent during the last two years.
redactions in many important items of traffic, too. Since Dae. 1 1903 the total of the same
has risen from $5,249,there have been other advantages to the

—

Furthermore, the increase in the revenues of the three
properties has been in itself of

tremendous

benefit, for

the greater part of the increase has been paid out again
in the shape of enlarged expenses
diflerent systems.

On

that point

along the lines of the
it is

only necessary to

Bay that while in 1901 aggregate operating expenses of

GOO to 17,978,000, a gain of |3,734,0O9. Charles H, Fanoher
is President of the bank, Charles F. Mattlage and Samael S.

Conover are Vice-Presidents and Benjamin F, Werner

ia

Cashier.

—It has been decided to apply for a renewal of the charter
Phenix National Bank of this city at the date of ex-

of the

piration next year, the necessary two-thirds vote having

were but $69,925,886, in 1904 the cor- been secured at Thursday's meeting of the stockholders.
responding total was $93,172,210. It would be difficult Several previous meetinge, it will be remembered, were
called for the purpose of acting on the renewal, but, owing to
to exaggerate the benefits to local enterprises that must
the absence of som 3 of the principal stockholders, adjournhave resulted from this addition of over 33 million dollars
ments were taken.
Whatever
to the annual expenses of the three roads.
—Mr. John Munroe, head of the Paris branch of the bankthe method of distribution of the shareholdings of the
iag firm of John Munroe & Co., died in Frauoe on Thursday,
Northern Securities Company to which the Court may Mr. Munroe had been iu ill-health for a year past, and his
give approval, it is to be hoped that none of the benefits death was not unlooked for. He was in his fifty-fourth
the three roads

have followed from the operation of the three roads year. Since the death in 1871 of his father, who also bore
the name John Munroe, the deceased had had charge of the
through unity of control will be lost.
Paris house, which was established by the elder Munroe iu
1836. Mr, Henry Whitney Munroe is at the head of the
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
firm's New Yoi:k house, whilo Mr. Qoorge Munroe is assooU
—The public sales of bank stocks this week aggregate 831 ated with the management of the Paris branch.
Bh(\res, of which 1C6 shares were sold at the Stock Exchacge
—A E light run was started on the Qer man-American Bank
and 215 EharcB at auction, The transactions in trust comof Buffalo on Thursday, precipitated, it is reported, by the
that

pany stock?,

all auction sales, reach a total of 197 shares.
Nstional City Bank stock sold at 809, as against S85 early in
I^ovember, when the last previous sale was made, Several
tra:)t company stocks show considerable advances in price,
the largest gains being Washington Trust Co. 80 points,
Mo. ton Trust Co. 25 points and Metropolitan Trust Co. 22
points. The table below, given iu our usual form, shows the
•otaal sales of New York City bank stocks mad 3 during the
week at auclion and at the Stock Exchange. Extensive
tables showing the bid and aaked quotations, deposits, sur-

plus, &o,, of

banks and trust companies in

all

important

the Uoii^od States are published monthly in the
Banx and Quotatiok Section, the Dicember issue of which
accompanies to-di^'g Chboniole. Bid and asked quotations

cities of

withdrawal of the aosounts of some large depositors fallowing a contest for control of the institution. At the close of
the day's buElness, the directors issued the statement below j
•*In has come to tho knowledge of the offl^era of the German-Amerloan
Bank of Buffalo that certain persona formerly onneoted with th^
management have been dUeemlnatlog rumors tending to Impair Its
credit. The same persons have J net recently demanded that the controlling Interest Iu the bank be sold to them at their fl^nrea. The bank
Is perfectly solvent, able and willing to meet any demand upon It In
full, aTid

ready to submit

Its

entire affairs to the examination of the

Clearing House at any moment."

was also announced on Thursday that Cashier Eiward
Weppaer h^d severed his connection with the bank on
that day. Mr. R'chard Emory, the present head of the institution, became President last Jane, when a change in the
It

A,

:

THE CHRONICLE

'25(i()

ownerehip of the bank oocnrred. Advloes from BaSalo yeattuday stated that but few deposits were being witlidrawu,
and it seemed practically certain that the ran wonid soon be
spent.

— Mr. Francis Bnell Cooley, Vice President of the National
Exchange Bank of Hartford, Conn

died in that city on the
25th ult.,aged eighty-two yeara. Mr. Cooley was quite ae
well known in Chicago as in Hartford. While still a young
,

lished

in

,

(Vol. lxiix.

November 19 we referred to an
made through Messrs. Townsend Scott

our issue of

unsuccessful

^

ffort,

&

Co. on behalf of a syndicate, to secure control of the
bank. The price offered was $403 per share. The bank pays
a regular dividend of 15 per cent on its stock; while the

amount

will be reduced with the doubling of the capital, the
return to the stockholders taking the 100 per cent of new
stock will average about the same amount as at present.

man, in the latter part of the forties, he went to Chicago
—The directors of the Pittsburgh Stock Exchange have
where he established the dry goods house of Cooley, Wads- made « ruling which provides that transactions in bank,
worth & Co., subsequently Cooley, Farwell & Co. I q 1885 trust company and insurance stocks of less than 10 shares
Mr. Cooley took up his residence in Hartford, and was elected will not be quoted, posted, or sent out over the ticker.
President of the National Exchange Bank there. This ofiSice
— The meeting of the stockholders of the Cosmopolitan
he held until 1886 (twenty-one yeare), when he resigned and National Bank of Pittsburgh tor the purpose of voting
on
became the Vice-President, in which position he continued the proposition to increase the capital from $200,000 to 5500,until his death.

009 will be held en the 30th inst. The proposed increase was
two years the Copley referred to in these columns on November 5.
Trust Company of Boston, Mass., went into liquidation on
—An application to organize the Union National Bank of
Wednesday, the 30th ult. The company's business has been McKeesport, Pa., with $150,000 capital, was approved on
taken over by the Old Colony Trust Company of Boston November 26.
Mass., an offer to purchase the assets uf the Copley Trust re
—Mr. William J. McQaaide has succeeded Mr. D. C. Muir
cently made by the former having been accepted. Its capital resigned, as Cashier of the Monongahela Valley Bank of Duwas $500,000. In its last statement to the Bank Commis- quesne. Pa.
sioners the company showed total resources of $754,594; de—A letter embodying a plan for bank burglary insurance
posits were |124,042, while the surplus was $100,000.
has been sent by Mr. S. B. Rmkin, Secretary of the Ohio
It is reported that two memberships ia the Boston Stock
Bankers' Association, to bankers within that State. The
Exchange were transferred this week, the consideration in assurance of at least three hundred banks to contribute |30

—Alter an

existence of less than

—

one case being $20,500, while the other S3at
brought $21,000.

—The North Adams

Trust

Company

of

is

said to have

North Adams,

Mass., began business on the 22dnlt. in the quarters formerly

occupied by the Berkshire National Bank, whose bueiaess it
has taken over. The company has $200,000 capital and $50,000 surplus. The voluntary liquidation of the bank went
into effect on the 21st ult.

—In an

effort to reorganize the

Hdmp len

Trust

Company

of Springfield, Mass,, the directors of that institution have

each to the guaranty fund is being sought as a preliminary
to putting the plan into operation.

—The

CitiTiens' National Bank of Oberlin, Ohio, failed to
doors on Monday, and National Bank Examiner L.
The closing of the
L, Miller is now in charge of its affairs.
bank is attributed to loans made by it to Mrs. Chad wick, the
Cleveland society woman, whose name has figured prom'.,
nently in the papers the past week. The statement is
made that following a slight run on Saturday last, as a result of the charges against Mrs. Chad wick and a rumor that
she had borrowed from the bank, a meeting of the directors
was held, at which President C. T. Beckwith announced that
the institution was so heavily involved in Chad wick paper
that unless immediate settlement were made, it could not
survive. To prevent a serious run, it was decided that the
institution should remain closed on Monday and an examination of its affairs be made. The extent of the loans which, it
is stated, were made without the knowledge of the directors
has not been disclosed. It is reported, however, that President Beckwith has admitted that a personal loan of $100, OCO
was made by him to Mrs. Chadwick. The Citizens' National
has a capital cf $30,000. It is the oldest bank in that city.

open

its

addressed a letter to the depositors asking that they agree to
all claims for interest.
The possible demand for
interest, they state, presents the most serious obstacle in the
company's reorganization. While the amount on each claim
is comparatively small (about 3 per oent), the aggregate is of
J
such size as to render reorganization practically impossible
unless the waiver of the same is assented to. Accompanying
the directors' circular is a statement from the receivers concerning the company's prospects.
As was noted in this
department last week, dividends of 70 per cent have already
been paid to the depositors. The reopening of the company,
the receivers state, is equivalent to the immediate offer of the
80 per cent balance. While it is hoped that, in case the reorThe Wade Park Banking Company of Cleveland, which
ganization is not effected, a 10 per-cent dividend will be paid also holds a portion of the Chadwick paper, in view of the J
in January, future dividends, it is stated, are liable to be withdrawal of some of the savings accounts, this week anm
long delayed. In view of the uncertainty as to the amount n:uQced that it had decided to take advantage of the sixtywhich may eventually be paid under receivership, the day notice allowed by law, issuing the following statement
receivers believe it to the best advantage of the depositors in regard to the matter
to waive their claims for the interest and farther the com"Owing to the olroolatlon of oeitain rumors affecting the Wade Park
Banking Company and the eonseq^nent withdrawal of some savings ao- -^
rany's reorganization.

waive

"

—

J

—Control of the City Trnst, Safe Deposit & Surety Com
pany of Philadelphia has passed into new hands, and Mr.
Henry M, Jenks has been elected President to succeed Mr.
Michael P. Heraty. New York capitalists, it is said, now hold
Eight new directors have been
the ooctroUing interest.
elected to the board of the institution, seven replacing retiring members and one filling a vacancy. The new mem-

bers are Mr. Henry M, Jenks, the new President; Joseph W.
Wilson of the First National Bank of Camden; A. A. Ratie;
P.J. Ferguson, President of the First National Bank of
Shenandoah; George B. Appleton, President of the National
Metropolitan CI Izjdb*
of Washington, D. C
W. C.
Mason; H. G, Hollinger of Camden and Samuel La wis.

Bmk

;

—Through the declaration of an extra dividend
cent, the Drovers'

& Mechanics'

of

1

00 per

Bank

of Baltimore

from $300,000

to $600,000.

National

proposes to increase

its

The stockholders are

to ratify the issuance of the additional

capital

stock at the annual meeting on January 10. The $300,000 to
be added to the company's capital represents its present surplus fund. It has besides undivided profits of over $200,0C0.

oonnts, the directors have decided to take advantage of the sixty days'
notice for the withdrawal oi savings deposits. Atamaetlngo' the
directors of the bank, held Tnesday, this 8t«p was taken, though
conscious of the soundness of the bank, and being certain that the
statement of the finance committee that the total Indebtedness of
Mrs. Chadwick Is less than seventeen thousand dollars and that
the same Is larg>!ly secnred by the best of collateral, is absolutely cor'
rect. Yet farther, to satisfy all Interested, the directors authorized
and directed tha employment of Independent public chartered accountants to make an ezamiaatlon of the condition of the bank and Its
assets, the repart of which will be completed and published In the
daily papers at the earliest possible date.

'The Wade Pahk Banking Company,
"By Caleb Davis, Vice-President."

—The

National Commercial Bank of Cleveland, capital
began business on the 1st last, as successor to the
Mercantile National and the Commercial National banks of
Cleveland. The stockholders of the respective institutions
had previously ratified the proposition at spe3ial meetings—
those of the Commercial on November 14 and those of the
Mercantile on November 25, The particulars concerning the
new bank were given in our issue of October 29, when the
$1,500,000,

names

of the officials

were also announced.

—Through the resignation of Mr. Q. W. Sinks, Mr. John
announced, to any of the stockholders preferring the dividend in that way.
In an item pub- G. Deshler has become President of the Deshler National
Cash will be paid,

it is

J

-

Dec.

.

THE CHRONICLE.

3, 1904.]

2567

Canadian Banh Clearings —The Clearings of the Canadian
Banks for the month of November, 1904, show an iccrease
over the same month of 1903 of 21 '9 per cent.
For the
e'Hvn months of 1904 there is a gain ovtr the like period of

Bank

Mr. Sinks, it is reported, has disof Colnmbns, Ohio.
posed of his holdings in the bank, amounting to 600 shares.
Deshler, William G,
to a syndicate composed of John
Dashler, R, S. Warber and Frederick W. Sinks. The office
of Vice-President, previously held by the new President, has,
it is stated, been ab:?lished.

G

1903 of 0-04 per cent.
November.
Clearings

1904.

000.

t
116,888.796
87.016 22W

Montreal
Toronto
Winnipeg

36,141,461
7,861,8^0
0,971,404
7,548,44
6,064,217
5.591,092
4,9^8,67
4,524,470
3,353,048

Halifax

Subscriptions to the stock were at $120 per share.

Qaebec.

—December 8 will mark the twenty-fifth anniversary of
the State Bank of Chicago, and its management has every
reason to be proud of its successful career. Especially since
In
189() has the growth of this institution been noteworthy.
December of that year the total deposits were less than one
million dollars ($881,747); in 1892, a little over two millions;
in 1896, two and a quarter millions; in 1898, four and a half

mure than seven millions; in 1932 ten million
four hundred thousand doilare; and Nov. 11, 1904, twelve milThe dividend rate
lion two hundred thousand dollars.
now 1}4 per cent quarterly, will, it is believed, be increased
The
to 2 per cent quarterly at the next directors' meeting.

Vancouver
Hamilton
St.John
London...
Victoria

Total Canada.

29J .293.644

Bank

is

due to

iti-

aggressive, yet always conservative and careful, attitude.

—The
move
up

for

First Trust

&

Savings Bank of Chicago will sooc
which are now being fitted

into permanent quarters,

on the ground

It

floor of the

new

Dec.

63,043,^08
10,894,«6P
7,437.362
6,2-8,67
4,70-.l>-5

4,160,52^
3,49»,H4"
8,104.340

75i,0"SB.890
26«, 71.122
^ 1,783, '60
9H,425.356
74, 65,881
67,72^,258

-)-lM-,

-10-

8, "18,867

Dee.

t
058,266.609 1,024,995,98'-

+3V4

2tf,327,15«

In. or

1903.

+ 1-5
+108
+ 88
87
+2 -4

+18-9

85.008,674

3-8

9rt,5-i7,241

n-l

74,393.995
60,275,2 '2
4-.271,932
«4,5H4,3 8

46,-6.s593
41,177,171
»0,444.3i6

+80

1-6

21'<,75-<,178

62,878,in

t-

+

7«-,01 8,554

-0-8
12-4

+

f-9-5

-53
-66

38,"79,72>27,959,li79

-8*9

239,039,2H9 +21 K 2.159,6"3,593 2.45\806.89K -H)04

The clearings for the week ending Nov. 26 make a very favorable comparison with the same week of 1903, the increase
in the aggregate having been 47*4 per cent.
Week ending Noi ember
Clearings

at—

Inc. or
Dec.

1903.

1904.

2 \482,804

20,»88 987
13,708,6'»>-

-j-85-3

+:-8

26.

1902.

+40

85,500 438
9,666,265
1,741,888
2,814,438
1,84«,7«7
1,721.30"
1,180,731,185.157
948,955

Montreal ...
Toronto
Winnipeg ..

1901.

19,9H0,780

16,159,874
11,646,186
4,522,617
1,748.889
1,369,561
1.073,916
752,690
757,480
671,454

14,7»4.i'69

Vancouver.
Hamilton...
St. John....

London

+2

1,64 ,35 ^

J-1V.-3

1,461,

1,345.701'
1,030,^,-9

+27-9

l,0e3,9W2

+14-5

86'',860

958,499
7 3,«'-9
562,597

-+^3-7
-1-226

03Ma6

-16-3

607,703

666,406

76,507,87S

....

Quebec

6,9»9.244
1,784, 6"
2,269.8 2

470 095

Halifax
Ottawa.

5l,90»,836

47-4

40,882.066

38,163,834

Victoria

addition to the First

Bank Building. The banking room will be spacand equipped with every modern convenience, and wll)
have direct entrances from both Dearborn and Monroe
streete.
The growth of the First Trust & Savings during the
first year of its existence has been phenomenal; in ten months
after its organization having accumulated fifteen millions of

1904.

%
97,886,151 +ly4

millionB; in 1900,

rapid but steady growth of the State

In. or

1903.

—The

Old National Bank of Evansville, Ind., went out of
basiness on the Ist inst., being succeeded on that date by the
Old State National Bank, Tne latter has a capital of |350,

Eleven Months.

at—

Total Canada.

0,035.552

1

—2-4

>

•

1,6.4, 99

6

1,733,60U

W6

7'-6,8''9

National

ious

deposits.

—The

National Bank of

the Rapublic of

Chicago, to
occasion to
refer last week, prides itself on its adherence to the priccfple of individuality.
A strikingly attractive card whicb
the bick has issued concerning the subject, is well worthy of
quoting, and is as follows:
"Organized, developed and oondaoted on the principle of oonserva

whcsQ attractive advertising

literature

we took

Bank of the Re.
pabllo of Chicago has preserved the integrity ot its individuality in
tact dnrlng a period In which the tendency to oonBOlldatlon has been
general and on this basis has gained a little each day in strength, in
scope and in the confidence of the pabllc. (Governed by the same
principle, and entertaining a reciprocal confidence In a pnbllo which
rooognfzos the right relationship between service and recompensethis bank expects to contlnae to grow both in its capacity and in its
opportunity to serve, and to that end Invites the patronage to which
It believes it has proved Itself entitled."
tive bat king along progressive lines, the National

—Mr. Julius S. Pomeroy, it is announced, is to become
Cashier of the Security Bank of Minnesota at Minneapolis,
to fill the vacancy caused by the death in September of Mr,
Thomas

Clearings by Telegraph.— Sales of Stocks, Bonds, &e.—
The subjoined table, covering clearings for the current week,
isuaily appears on the first page of the Chronicle, but on acjount of the length of the other tables is crowded out once a
month. The figures are received by elegraph from the leading cities. It will be observed that as compared with the
corresponding week of 1903, there is an increase in the
aggregate of 46"8 per cent. So far as the Individual cities are
-oncemed. New York exhibits a gain of 75 5 per cent, Boston 18-4 per cent, Philadelphia 35*4 per cent, Baltimore 36 '6
oer cent, Chicago 3*5 per cent aad New Orleans 6 1 per cent,
St. Louis records a loss of 1'8 per cent.
f

Clearings- Returns by Telegraph,

1008.

$1,076,689,484
111,443,089
102,659,186
19,823,660
168,8-7,48S
50,101,237

Waw Orleans

20,'»78,884

-1-8
f8-l

Seven

$2,422,068,'' 66

326,407.611

$1,539,377,907
319,178,924

-H57-4
-fS-O

13,747,476,267
610,867,764

$1,^58,556,831
374,676,724

-f-38-7

$3,867,464,031

$2,233,233,656

-h4e*3

Philadelphia

Baltimore
Chicago

half a million dollars was added to the deposits of
American Exchange Bank of Duluth, Minn., in the nine
weeks intervening between the dates of the last two calls of
the Comptroller. On November 10 the amount recorded was
14,455,112, whereas the figures stood at but |3,780,195 on
September 6. Surplus and undivided profits of $348,195 on
the 10th ult. compare with $330,127 in September, while ag
gregate resources have risen in the two months from |4,600,
821 to $5,303,807. The bank is under the management, of
Mr. Hamilton M. Peyton, President; C. A. Congdon, VicePresident; James C. Hunter, Cashier, and William Q,
Hegardt and Iseaac 8. Moore, Assistant Cashiers.

—Notice

of the increase in the capital of the Missourl-Lln

Company of St. Louis, from $2,000,000 to $3,000,
was filed on the 13th ult. The company was recently
formed by the consolidation of the Missouri and Lincoln

Louis.

St.

Other

cities, 5 da>(.
cities, 6 days

Total

all cities,

Ail oltles, 1

Total

6 dart

. . .

day

all cities

for wecK.

•f76'6
-fl8-4
-1-S8-4

-f36'a

+47-8

Our usual monthly detailed statement of transactions on
he various New YorE Exchangee is appended. The results
r'or the eleven months of 1904 and 1903 are given below.
Eleven Months, 1903.

Eleven Mon'hs, 1004

Mr. Pomeroy was formerly Cashier of
the National Bank of North America of Chicago.

—Over

3.

Boston

F. Hurley.

the

P. Cent

1904.

tl,889,617,062
131,9 7,064
138,H79.104
27,077,018
163.761, H69
49,180,683
81,714,926

Week Ending December

New York

victual

or Quantity

iMcription.

Par Value

Value.

Par Value

169.319,914 10071474,432 68-2
$14761)289560
<.li. bonds..
$898,567,200 1763,81 ',730 84-9
$83.3,lb0
$702,780 11 1-0
'OT't bonds
$20,669,(176
3 .at« bonds
$ 8,^53 5H1 981
|l,3t)i,89u 231-2
Bank stocks
$583,700

Total.,
^raln, bush.

Actual

Aver' ft

Value,

Aver'ge
Price. or Qvantiti

Pric:

10164081,698 r4-7
13 '00440350
$619,«l4.400 $64' ,333,802 87-9
$l,'^w 1.^57 il4-8
$> 12
50
$450,6
$17».6<5 30
$•23,400
$1,814,927 259-0
,

'122225'<^00 107077~i,305 '78-3~
$15^83648306 10C653lo.f'32 69-2
3^4,98^,418
690,360,850 677,842 8S0 9; 18-16 6I/,67f,6J0

11102718,723

10833153.7>2

Total value.

SAUISOF 8TO0KB AT MBW TOBK STOCK BXOBANOB
1908.

1904.

Month.

Valusi.

CTwnher
if

ahare».

Par.
$

Jan

ValuM.

Numbe<

.victual.

of

Sharer

$

Actual.

Par.

$

$

Feb

19,969,684 1,160,681,076
8,767.26k
703,170,060

668,048,026 16,001.82 1.616,264.96'
500,002.411' 10.928,017 l.046,f47,8i';

March

11.440,966 1.053.978,05')

661.00 !,461 18,095,80<' 1.424,484,4('

,804,668,814
i.

886,008,780
188,487,694

coin Trust

istqr.

9 49n.&3n 3.006,740.875 1.820,959.816 42.018.645 1,986.508,671

(.178,164,677

l.l60,6S6,10i

900.041,317

000

— Co).

Jules C, D.nis, at one time President of

9l7.r6i.8lfl 12,467.68^ 1.166.807,001

001,487,684

t,0; 2.804

465,355,700

2:0.000.00^ 15,396,741 1.400,689.18

M69,6S3.606

l,788,73»,0t0

077,865.291 40,157,387 a.717,6«8,12;

::,97l,068,4S9

2dqr. 1S,468,44

theGermania

National Bank of New Orleans, La., died on the 24',h ult. at
the age of seventy-five years.

—The

778,667,850
500,729.000

(one..

trust companies.

vlaj..

8.906 529
5 200,110

April,

1

mos

48J,3i.0.481 12,l!0»,06'^

960.882 4.746,476.826 ^,7^•8,816.106 fi.l75,0»

r,708, 178.701

Comptroller on the 26 lb ult. approved the organizaAmerican National Bank of El Paso, Texas. The

new

Ingtitutlon is to have a capital of $200,000, and, as previously noted, will take over the Lowdon and National Ex-

change banks of El Paso.

608.536,,38w 14,P08.7B>- 1,379,487.001

iOffUfO '9,474,789 1.070,701,050

tion of the

1,187,670,700

66.3,916.861 14,870.043 l,«61,668.50(

luly,.

lept..

ia.4>!8,89i

H,. 67,864 1,712.943,600 1.109,487,94H 10,705.45' l,008,eH9,88i>

1,143,817.116
.

.018,041,170
.006,411,400

709,864,818

3dqi

13.701,447 j,9a 1.326.850 2,454,970,148 40,070,154 3,730,740,8/; <.734,2ie,806

Omos

94,663.789 8.6B6,801,076 5,253,9-6.8n3 18.846086 11,448028»2(- <,877,43S,089

1.808,S79,6M
Oct..
«2.674,449 8,0<&,453,87A 8,100.497.681
Nov... 31, OS 1.066 3.048.03!^.2'0 9.117.601 4H8 lO.-SO"?!* 040 l:la'«7^

781,047.698
500.078

f 66

—

—

,

.

.

'

TllK CHRONICLE.

25GS

The following compilation oovers the clearings by
•Inoe January 1
MOHTBLT 0LBABIHO8.

months

[Vol. Lxxix.

itxi*uBTa uir

ooLO axu sUiVbb raoM bam vbamciboo.

GOLD

SILVER.

UOMTaS.
Coin.

1904.
P.Ct.

1908.

1904.

•

•

JannarT.
rabrnary
Maroh....
lit qaar.

12,268.474 004 11,088.982.021
7,713,h8H 78f 8,4fl8,707.4e«
8.£83,106,307 9,588,276,07c

-14 9 8,744,947>85

-8 9
-13 6

^4

«5,6::8.470.0 9 20.189.987,66

8.809,188.924

9,581,868,82

8.816.9l7.2>-2

9.118,634,82:

—99

30 >

9.482, 181.001

-145

34,688.558.611 88,122,686.06]

^C

8,068,4 22

June.
qnar..

Btf

6 montliB 60.117.028,610 67,268,868,62V

tSt^

..

February..
tfarob

-4-0

3.227,496,46.-^

+18

«»y

+0C3

June

8.578, 0«7,74

3.579,103.3n

January

8,003,861, 66>

10,6C8,186,08h 10,708.425, ; 52
8,687,507 .8Bf

3,873,116,68

3.543.606,187

3.487.934,536

-1(

April

July
tURUSt...

Ooin

9

9

9

6.319
3.18f

13,050
4,9Hf
8.888
67,826
1,880
2,329

—88
-4 8

September

290

October...

6,730

lot.lOmos

99,151

3,876,696,61'.

-61

10.379,596,969 10,866,808,61V

-12" 20,9b7,782,947 21,t66,284.3e<

-2 7

BulUoyt.

9

5,319 141,384
8,1X6 24,fi39
13,050 42,311
4.965 12,9U

388-

Total.

$
266,884
428,912
347,211
284,017

124.50(
404. V7S

304.900
211, lO

855.321

258.400 1.113,720
l,202,e06
745,629
676,M(
982,036
408,eO('
6*5,768
822,281
527.937

67,52r 748,4ft7
J,8B( 378,40i
2,82^ 306.62'
V8( 242,158
e,73(
8,646

454.11)
867,22'

1

-4-8

9,709.846.633

8,6fl0.311.T21

Jnly

8,884.084

-18-3 3,618.C45 83-

April

May

P.Oi

1908.

1904.

Toiai.

9

Olearinai Vutiide tieu Torh

Cltarlnot, Total All.

Mont*.

BuUioH.

-6-8 8,468 951458 8,^82.071.93^
8,362.4' 9 Oil

8.836.684.317
8,38U.381,019

3.726,921

WottjetarylC!lcrmmet;cio^?5tXj3llslx^emE

+2-

3.489,571.152

2,766,789

-8-

+1-)

99,18

+8-2

Amruat....

8,008.0«v9ia

7,981,228,181

Baptember

fe.644.278.8l3

7,678.849,87( +15-i

[From our own correspo

ident.]

London, Saturday, November 19, 1904.
Alarmist rumors have been in circulation throughout tbe
11.609.896.7(^5 9,176,620,644 +25 4 4,038,032173 8,913.245.341
+9 3 week. A Moscow paper set afloat the repoit that a collision
Oetober.
NoTember. 19,605 318,780 8,169.^73 696 +531 4.167,858 8C9 8.561.950.253 +17
had taken place between tbe Rueeianand Afghan troops. St>
The course of bank clearings at leading cities of the country Petersburg papers and St. Petersburg correepondents of Paris
for the mouth of November and since January in each of the journals have been busy all the week in declaring that a serilaat four years is shown in the subjoined statement,
ous hitch has occurred in the negotiatioDS between the Brit'
BANK OLBABIHOS AT LBADINO ClXItiS.
ith and Ruesian ^governments, and that the Russian Govern,
— November.
Jan. 1 to Kozember SO —
1904. 1903. 1»02. 1901. 1904. 1903. Ib0;2. 1901
(000,000*
ment has gene the length even of intimating that it will not
^
otnilUd.)
$
$
$
ITew York... 8,338 4,608 6,539 6,S68 60,148 60,473 70 162 73,112 agree to punieh its officers if they are found guilty by tbe
818
722
695
699 8.130 7.995 7,657 7,0-9
OUoago
584
660
542
592 5.988 6.163 6,352 6.632 International Tribunal. Therefore, there has been a setback
Boston
449
552
487
466 5,152 6.347 6,W*1 5,015 upon the Stock Excbargeand a general decline in prices.
Pblladelptala
Sd qaar.. 86.512,659,446 26,304,923.6^9

9

months

76,629,189.(66 82,6«7,776,86)

+

0-6 10,307,991,616 10,371.C37.27S

-1-2

-8-6 81,3t 5.724,898 31,t3t),271,6a7

—2-2

.

—

Bt.LoalB....
Plttsbargh..
Ban Fran'oo.
Baltimore...

207

265
197
143
106
99
107
62

,

195
169
125
95
91
84
60
69

151
126
88

Providence..

31

Omaha

34

92
93
60
85
85
40
46
35
SO
32

Boltalo

31

28

Seattle

33
28
23
23
31
22

Hartford
Lake City

12
19

30
26
21
19
28
18
10
17

42
47
34
30
31
27
28
24
20
16
23
18
10
15

11,966

7.688

9,639

639

482

448

211 2.5 ^ 4
161 1,860
110 1,394
98 1,008
82 1,113
81
998
69
632
66
858
83
748
607
37
477
59
30
369
31
S18
28
360
26
298
28
28%
21
291
209
19
217
16
18
233
16
202
128
11
141
18

Olnolnnati...
Kansas City.

Oleveland...
NoTT Orleans
ttttnneapolls.
Lonlsvllle...

Detroit

SUlvaabee..

Bt.

Paul

Indianapolis

Denver

.

Klotamond..
Memphis....
8.

Total

Other

cities..

94.

103
49
50
36

81

2,276
2,

2,298

2,046

90 1,973

1.87.'i

1.237
1,101

1,073
1,0^5
891

1.386
1,075
1,060

9^0
739
711
661
483
479
358
324
361
293
282
290
217
189
183
189
125
139

986
899
697
602
648
457
480
325
323
331
276
264
243
211
194
157
174
128
156

836
642
519
554
421
817
296
82U

304
276
234
18S
209
18)

1S9
J3i
124
166

9,434 94.598 94,963 103,671 104,833
4U3 5,047 4,946 4,«o7 it.ito

Total all... 12,505 8.17010,087 9,837 99 645 99,914 108,138 108,618
OntslaeN.T. 4.167 3.562 3.548 3,469 39.497 39,499 S7.»?6 35, 5«<6

IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAJSI FRANCISCO.
Through tbe courtesy of the Collector of Customs at San
Francisco, we have received this week the details of imports
and exports of gold and silver through that port for the
month of Oatober, and they are given below in conjunction with the figures for preceding months, thus completing
the results for the ten months of the calendar year 1904.
The imports of gold were of important volume, reaching
$3,931,004. of which |3,693,172 was in coin.
Of silver there
came in $263,972, wholly bullion and silver in ore. During
the nine months there was received a total of $88,298,831
gold and $2,692,493 silver, which compares with $8i6;a,123
gold and $2,236,057 silver in 1903.
The shipments of gold
during October were emaH, reaching only $6,730, ail coin, and
the exports of silver were $527,937, of which $.^22,291 was
bullion. For the ten months the exports of gold reached
$99,151, against $1,775,743 in 1903, and $6,483,710 silver was
sent out, against $l,6e3.192 in 1903.
The exhibit for
October and for the ten months is as follows:
IMPORTS OF OOLO AND SILVBB AT SAN FRANCISCO,
GOLD.
'

SILVER

!

tifTnA

1

Oo\u.

BuU%o-ii.

9

$

BuUutu.

XoiaL.

1904.
$
nuary... 2,5,'56,623

1

20O.3SH 2.755,9811
3804"* ?.860,v7:i
ltt3,K76 6.342,040
1*4,761 1.956,515

Pebraary. 2,469.821
March.... '1.l.'8,l«4
l.801,7.*'4
^Prll

9

9

75r
se-:

60-...

.

May

7.9Ht',71h.

6.S.4SI

^052,199

4,09.^

Jnoe

i,803,08'

99,5S9 3,902,f^74

4,43t

4,t-44,769

73.8'^H

208.B3' 4.034.600
91.10.
838.926
227,88V 1.921.004

62,560

Jnly

ngnst

4.604.4-10

l'^0.3^•

a,82",5ri5

fleptember 747,820
October.. ^,693. i7i!
Zot.10nnn>^

86,649,161

1

.749.73

38,208,881

308,381
833,881
316,796
187,762
103.632n.«''3
229.9 v:
3^7.304
273,831
262,972

13«.143 2 85*','?R0

Even

in Paris, though the rumors are quite discredited,
no disposition to engage in new risks. The feelicg
in Paris is accentuated by the ucoertaitty that prevails aa
to the fate of the Combes Ministry.
It seems that the re^ig.
nation of General Andre has not in the leest satiefied the
opponents cf that Ministry, and that they are resolved upon
puehing to the utmost the advantage which they have obtained.
The general opinion is that even if the Combes
Ministry falls, its tucoeeeors will be compelled by lublic

there

is

opinicn to continue its poUcy. Nevertheleep, the threatened
fall has added to the neivcuscess in Paris, fcr the loss of M,
Delcaese would be a very Eerious matter to France at the
present time.
This uneasiness in France has added to the unwillingness
here to engage in new enterpriEes. Indeed, many French
operators have been selling in ihis market, and these sales
have contributed to bring about the fall. There are also
fears of dear money, which, for the present at all events, are
not justified. At the beginning of the week there was a
hopeful feeling, and prices continued to rise, but the uneasiness on account of the alarmist rumoisj sprang up, and
since then the market has declined.
Nevertheless the new Japanese loan has been a great sucSix millions sterling were cffered here and the
cess.
applications amounted to 80 millions sterling.
In other
words, the loan was covered mere than 13 times. Applications for tbe loan bad to be accompanied by deposits of 5 per
cent, so that about 4 millions sterling was locked up in the
three banks which brought out the issue. They, however,
took proper measures to prevent the withdrawal of so large
a sum from disturbing tbe market. As fast as tbe money
came in they lent it out on reasonrble terms, and therefore
tbe market was hardly affected. It is understood that tke^
Japanese Government also lent considerable sums. As the
week is drawing to a close, people are beginning to believe
that tbe alarmiet rumors have been grossly exaggerated, and
they are looking forward to an early settlement of the difficnlty. In trade proper there are further indications of revival. The rise in copper, which is due largely to the con-

sumption of that article in ships and war materials, and also
to tbe large consumption for electrical purposes, shows that
the recovery has now extended to the metal market.
Money has been fairly plentiful during the week, partly
louu.
because the banks that brought out the Japanese loan took
a
309,136 proper measures to prevent scarcity and partly because the
884.248 Bank of England has continued to do a cocsiderttble business,
3 17.403
187.762 both in lending and discounting. Still, there is a very gen107.7H3
216,2»-g eral impression that the Bank of England will have to raise
303.255 its rate before long to 4 per cent. On Thursday gold to the
379.864
2-'3.83i
amount of £580,000 was taken out of the Bank for Buenoa
262,972
Ajres. To-day it is expected that a oonsiderable sum will
2.693,493 be taken for Egypt, and it is feared that other shipments will

:

J

Dec.

THE CHRONICLE.

3, 1904.

made. Germany and FraDC3 are baying all the gold
that is offered in the open market, aad the large shipments
from New York to France and Cnba are raising apprehensions that money will become scarce and dear in New York.
In spite of all this, however, it is by no means certain that
the Bank of England will have to raise its rate. Of course,
if the gold shipments from New York to Paris and to Cuba
have

1

.

Bnellab Financial Harkflts— Per €akle.

to be

New

York that gold
raise the value of money so much in
will be withdrawn from London, the Bank will have to take
measures to protect its reserve. Similarly, if the Russian

2509

LOMDOH.

SaU

per ounce

Mon.

2714
271,6
a7»,6
88ie
8818
883,8
88ie
883[^
t37ia
98-40
Fr'ohrenteB(lnParls)fr. 98'32is 93-40
Spanish 4b
88
88%

Silver,

d.

Oon8ol8.,new, 2>a p. ots.

For account

Anaconda Mining

91Sg

99

96 19

compared with the

last three years
1»04.

N(yv.
I

a

2r«88 270

Circulation
Public deposlta
Otber deposits
Oorernment securities

7.17h,7"4
39.489,155

19 15-16
4
88 18-16

87^1.
194,706 000

8

Uontht.

4

Montht

8

7-ie®8«

2

7-16®?^

4
91 18-16
26 l-18d
171,072 000

4

194936.0UC

mttrttt all«M««
foritpotitt h%

BMt

Iradt
6

8
3

Month* 3Mo$. iMo*

Hi'tfi

Jo\n\
StocV
Banki

i.1
'•II

i-!4%%

3

3

Messrs. Pixlev

&

5-U

1h

8

k

7-14

Days

S®3Vi

1«

1^

8k
3H
8H
8M

3

3

November

2«
8

3

8

3M®3M
3M®3)4

IM

\H

S
8
8^
2k
Abell write as follows under date of
I

17, 1904:

Gold—There has been a keen renewal

of the Berlin

demand

for gold

this week, and the market eapplies, amountlug to nearly £700,000.
Ik&ve all been taken tor that quarter at an advance of ^<\. on last
week'n price. In addition the Bank ha^ loss *4=>0,<)00 for Es;7Pt. and
a further £580,000 has been withdrawn to-day for ArKeatloe. Arrlvale: cape Town, £353,000; Bimbiiy. «65.000; Australia, £ 355,000;
Straits, £2,000; N^^w Z'Xkiand, £!3,000: West Indies, £26.000; total,

8hlpmenr,«: Binobay, £48,'i00.
Silver— The market has kept remarkably steady, with only iigd. variation. India ban been a regular buyer, bur, the chief reason of the
steadiness Is the smaliness ot the supply, owlni^ mainly to whioh spot
Is worth Md. more than forward.
The Indian price 1* quoted at Ra.
eSH per 100 Tolahs. Arrivals: New York, £117,000; AuslraUa, £i,Bhlpmentf: Bombay.
000; West Indies, £2,000; total, £121.000.
£7^,600: Hong Kong, £21.165; Madras, £ 2,500; toral, £99,2b6,
Mexican Dollars— There have been a few transactions In dollars at
abont 'ad. under the price of silver. ArrlvaU: Hong Kong, £30,000.

£717,000

The

shows the Imports of cereal produce into
the United Kingdom daring the eleven weeks of the season
compared with previous seasons
follo'K'lng

:

1903-4
Imp'tsof wheat, cwt.24,7eo,800 20,930.709
Barley
7,436.800 10,471,741
Oats
2,807,600
3,123,127
519,419
fl64,S09
Peas
Beans
434.131
690,22S
Indian corn
11,113,900 18,666,178
Flour
2,456,600
5,074,423
Supplies available for consumption

on September

5.

1902-3.

20,?»7.689
9,486,849
4,154,194
385,019
608,3,^5

7,431,596
4,464,713

1901 2
13,599,500
7,101,000
4,566,300
417,600
599,800
9,069.700
3,924,900

(exclusive of Stock

Wheat Imported, owt. 24.760,800

1903-4
20,930,709

Imports of flour
2,456,600
Sales of home grown. 4,120,227

5,074,423
4,542,118

Total
31,337,627 30,547,250
Avfr.prloe wheat, week. 30g. 3d.
26s. 6d.
Average price, season. 30s. 2d.
278. 2d.

1902-8.
20.297.589
4,464 713
5.461,722

30,224,024
25s.
26s.

Od.
2d.

1901-2.
13,599,500
3,9^4 900
6,948,426

24.473,8:6
26b.
26s.

9d.

Od

The following
maize

afl )at

Wheat

show.s the quantities of wheat, flour and
to the Qalted Kingdom
1M» week, Lanl week.
19028
1903 4.
:

qrs.

2.86.^.000

2.eb5.i)uo

Plonr, equal to qrs.

165.000
1,030,000

170,000

1,610,000
315,000

2,09.^,000
33.S.000

1,040, 'lOO

955.000

530,000

Mttlze.

.

qrs.

142
4338

145

145

44%

44

784
95%
123
71
8938

76%

127

71%

71%
89%

41

162%
146

22%
84%
65%
44
144
4373

77%

78
96

94

124%

45%

96
127
7078
397a

403g
45

45
41

45%
41%
68%
36%

41

69%
87%

69%

69%

36''8

37

98

98%

37
98

98

98

118%

119

119S,

11838

97%

97

97%

98

32%

83%
96%
24%
47%
70%

SSSg

96%
^4%
48%

32%

llSBg
971*
SO's

Debenture "

B"

96''8

2414

47i«

24%

48
71

48
71

70

Price p^r shnre.

t

957,

24

47%
70%

71

December aooonnt.

OIVIDBNOS.
Name

Ptr
W\en
Cent Payable

of Company.

Books Closed.
(Day* IncluHve.)

Railroads (Steam).
Atlantic Coast Line Co. (qaar.). .......

Chlo Burl. & Qalncy (quar.)
Chio. <& Eastern Ills pref (quar.)
Chlo. Indianap. & Louisville, com
10
do
pref
Cin N O & Tejas Pacific, prdf. (qu
Oleve. Lorain & Wheellni?, pref
Delaware <& Hiidaon (qnar )
uetroli & Mackinac, pret
Maohattaa (quar )
do
(extra)
New Orleans <fe Northeastern

w
m Deo
Deo

2
).

& San Fran l.st pref (qu.)..
Chlo & E. Ills com. stuck ir ctfs...
do
pf stork tr.ctfstqu.)
K C r.8.& Mem ,pf. stk.tr. ctfs. (qu.)
Shreve <& Pari tic, com
Vicks
Street Railways.
Chicago City Ky. (qnar)..
CoDtlnenial Pass Ky., vhlla
Interborongh Rap. Transit (N. Y.) ....
,

,

\\ Deo
2

V,

1»4

Deo
Deo

2^2 /an
Is Ian
»4

3
1

lyilscellaneons.
A.merioan Clitom. cm. (mthly)
Am-irican Sugar Ref'g, com (quar.)...
do
do
pref (qnar )...
City (fe Suburban Home.s
Equitable Ilium. (Bias Lt Phlla. pref.
Federal Mining cfe Smelting, com
do
do
pref
Great Lakes Towing, pref
National Carbon, com
National Uioe Milling, new pref
New OrleauH Ga« Lljjht
Safety Car Heat,. <fc L't'g (qu )(No. 41)
do
do
(eitra)
Streets' West .Stable Car Lino, pref...
Swift A Co (quar.)
We8tinghon8»l£l.<S)Mfg..allstock8(qu.)
,

Deo
Dec
Deo
Deo
Dec
Nov
Deo
Deo
Dec
Deo
Deo

1(

2
'/

a^
28
1

u

15
3
;-!

.ran

A

Dec
Jan

tan
IS. fan

6

ficial

8
24
11
1

:G

10
10

to
to
to
to
to
to
to
to
to
to
to

Deo
Jan
Deo
Deo
Deo

to
to
to
to

Jan
Jan
Jan

10
2

18

2i
28

Not 30
Deo 15
Deo 16
Jan 3

Deo 21
Deo 21

H

Dec
2 Dec 18
2 Dec 18

2

1

Jan

3

2

Jan

2
2
2

Not 30

2>«

Deo .SO Deo lo
Deo 30 Holders
» Deo il

3

Deo
Jan

Jan

2

to

Jan

3

to
to
to

Deo 20
Jan 3

1

Deo

3

2

Dec 20 Deo 15
Jan
•A
Deo 4
Jan
A Deo 4
Deo
2
A Hiddnrs
Dec Hi Holders
3
IVj Dec 16 Dec 2
1»4 Dec 16 Dec
2
1»« Jan
Deo 14
Jan 11 Ian 6
m.
Dec
3
7 Nov 27

Jan

3
3
8
15
15

Deo
Deo
Deo
Deo
Jan
Jan
Deo

of reo.
of reo

to
to
to
to
to

'/

Jan
Deo

Not 80

to

1
l'«
I**

3
2
2

Dec 18

to
o! roc.

Jan

2

16
7

t

)

Deo
Deo 23 Deo
1
Deo
3»a Jan
'2 Deo
13- Jan
2»9 Jan 10 Deo
2?i,

11
11

Deo
Deo

to
to
to
to
to

2ti

2a

Jan 2
'8
Jan 6
29
Jan 10
tie closed Deo a^ to
23

books for certificates of stock will
an! for N. Y. Security & Trust Co 's certificates of beneInterest from Deo. 2 to Jan. 1, Inrluslre

Aucllun

—

((ai«^8Stoek$.

Uy Mousre, Adrian U.

Co. ceits of deposit.

30 Bealty Associates

$25

lot

(ex-

MtKe. Quarantee
394-396
Co. (ex-rlghtfl
64 Title Guar. & Trust C0..6OOS8
5 Illinois & Iowa Fuel Co. 60
70 Jonrnfay & Buriiham... 35
<&

KB Co.'240%-240%

Co
64014
28 LykensVal. RK. i&C'.Oo. 69
2 Standard Oil

2 Clinton Ball A^soolat'o. 55
r3 L. 1. L'n A Trust Co. '291 14-295
25 Importers' & Traders'
Nat.
Pt-nn.

<

;opper Mln'g Co.$2

lot
cO.)
1

20 Nat. City Bank
100 Mechan. & Traders' Bk.145%
fi25
5 Liberty Nat. Bank
11 K.Olty S-. L. A Chlo RR.

Co., pref..

guar

:

10 Mutual Tr. Oo. of West-

Co

145
50 Bowling Orenn Tr Co. ..217%
100 F'-derai 8Ui<ar Co pref. 74%
ohestt-r

10 Mutropidltan Trust Co.. 623%
lOMercaull e Trust <o ... 1.000
15 Washington Tnict Co. ..430%
7,
200 Bay Sate O«s0o
24 0hio & lod C n. GasCo. 8%
3 Arafr. L. A rrHO.Co.com. 66%
15 Mass. G-8 i.:o.
37
SOonsol. Nat. Bank
145%
fiO United Nat Hank
93

cm.

Bonrli.

$5,000 N. Y.
Co. gen.

& Hob

r^s,

592% $1,000 B'klyn

Bank

A Son

,

185

rlKh's)

81 Bond

Mali^^r

Stocks.

20 Mass. Gas <Jo., pref
81
10 Nat. Salt r!o..pref, Trust

500

8

2 Deo 18

Tlie transter
1, Inclusive,

Jan.

1

27
16

1

6
6

Banks.
Bank of the Metropolis
West Side

<

Dec

a

Ian
Ian

'

.

143BhlynCltv

1):

1904-5.

65
44

97 1«
24

Preferred

IMPORTS.

1904

34%

75%
53%

6938

3OI4

,

8t. Loul.s

SI
"
28
Nov. 4
"
11
"
18
Oct.

24

41

97%

Wabash

*H

45H
PS 13-16
22 li-ltta.

as follows

Sank BiUt.

14'>i4

A9
58%
Xl60% 60%
xl44% 46
23%
23%
34O8
34%
64%
64%
4t
44%

4038

Sd,2U,617

U»«n MoTket Rattt,
London

7538
1

36
65

1193|B

Preferred
U. 8. Steel Oorp,, com..
Preferred

23.l'l«,«77

32.048.tt7a

MlS-lOd

7638

36)4

3Dlon Pacific

17.5<6.8>2
26,861.410

;alt.4U0.337

8

34
89

88%
41%

37.(«lH,v;98

2a.^0B.4M8

61H

33B8

68%

U.951.277

17,MM>7

88 3-10

25
182

33%
81%
41%

89

162

50%

i6

181%

179

41%
7^%
58%

98

137%

98

Preferred

*

106%
100%

51%

26

441a
1401a
43B8
771a
961a
122
701a
391a
4514

9078

©omtucrctal ami pXtscellaueous^cwB

a

28,»54.413

money have been

2d preferred*
Southern Paolflo
Sonthern Rallw., com..

13788

51%
25%

2314

3908
4514
41

29,071.140

16,141.55(1
5'3.936,M80

241.535,0(0

SUver
CleariDK-House returns

1901.

Nov. 20

19.

s
28.746.785
10.729,76^
S8,23J.0S3

37.514. KOI

16.610, 05

Prop, reserve to llabtllties, p. c.
Bank rate
percent.
Consols, £9i per cent

rat-is for

Nov

i8.

28,242.260
B 929. V47

24,70fl,8s!5
Other secarliles
81,186,h54
Beserveof ooies and coin
Coin & bullion, both departm'ts 33.iOi,iil

The

1903

1908.

Nov. 16

*

Phlla.
Reading*
Ist preferred*

10

'.37%

143

7718
961a

6
9078
106

97%

581a
1571a

Northern Seonrltlea.... 1201a
69Sk
Pennsylvania...

88%

96%

I'/g

75%

&

Norfolk & Western
Preferred

88%
9038
106
IOC 33

5138

4138

I55i«
Illinois Central
LnulsviUe
Nashville. I43>4
23i«
Mexican Central
Mo. Kan. & Tex., com.. 361a
65
Preferred
Nat. RR of Mex.,lst pf
441a
189
N. Y. Cent. & Hudson..
N. Y. Ontario & West-. 43I4

27Ti«

x88^

137%

83
89

57

2d preferred

2738

275,8

96%

961a
138
5188
271a
1781a

137%
Government withdraws large amounts from London, the Oenndlan Faolflo
5118
Bank rate will have to be put up. The chief uncertainty is Chesapeake & Ohio
Ohio. Great Western... 26i«
connected with Russia. Last week negotiations were beeun Chic. Mil. & St. Paul... I78>fl
between the Rus'sian Government and the leading French Den.& Rio Gr.,oom.... 331a
88
Preferred
banks for a new Rassian loan. The alarmist rumors this
4OI4
common
week have made the French banks unwilling to go on with Erie, preferred......... 7578
1st

the negotiations for the present. An! therefore it is understood that the negotiations are put off until the new year.
If that be true, it is possible, of course, that the Russian
Government may be in need of money and that it may withdraw a considerable portion of its balances from London. Oa
the other hand, the French Government intends to borrow
Ic is clearly to its interest, therefore,
a*; a very early date.
not to disturb the London money market, and as its credit
In Paris is most excellent it would have no difl&cjulty in obtaining temporary assistance if it really needs it. Upon the
whole, therefore, the best opinion in London is that the
three-per-cent rate will be sufficient for the remainder of the
year,
Meantime the India Council continues to sell its drafts
well. It offered for tender on Wednesday 120 lacs, and the
applications exceeded 753 lacs, at prices ranging from Is.
4 l-16d. to Is. 4^'1. per rupee. Applicants for bills at Is,
4 l-16d. and fur telegraphic transfers at Is. 4 8 83d. per rupee
were allotted about 13 per cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, iSco.,

9008
107

107

99I9

Baltimore & Ohio
Preferred

F)ri,

6

9008

106^

Pieferred

rA*tr«,

88B.6 x88li{ 88
8811,.
83%
98-t>7% 98-80 98-80

6

6

& Santa Fe.

Atch. Top.

Wtd,

Tue$.

151%

5 Mortem TruKt Co
SO )
10 Market & Fulton Nat.Bk.'^60%
50 Ana"ilo»n Surety Co. .187
6 Westchester Fire InB.Oo.401

conv

>ken Fy,
1946. J.&.D. ..1103^
U11I >n

GasCa.

MAS.

194
$l,fO0 Channbfr of Comm'oe
Bldg. Fund Hnliscrlp. noncuniniailve b nd.
38
ratsb. Wiieel. A 1,. K.
$^,0(
Coal o. 4s. 1431,J &J.... 49''8
83,000 Consol. G «s Co of N.J.
Ist cons, .^s, <9{6, J.AJ... 94
$ ,000 N. Y & K. River Ferry
68, 1909,

<

.

1st mort. 58

90

7

.
.

THE CHRONICLE.

2.570

New York City Clearing: House Banks.—Statement of
oonJition for the week ending Nov. 36, 1904, based on average of daily results.
We oinit two ciphers COO) in all cases.
BANKS.

Surplus.

Capital.

Loan*.

LcyaU.

Specie.

1

DepoaiU He.

[Vol. ljlsjx.

New York

City, Bo^^ton and Pliiladelpliia Banks.— Below
of the weekly returns of the Clearing llouse
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-memljer banks.
We omit two ciphers (00) in all these figures.
is

a

summary

_._,„ Capital d:
BAWK8 Surplus.

Loans.

Specie.

Legals.

he-

„

Ctreu.

postts.f

lalion.

CUartngi.

s've.

N. V.

$
Bk. of X. y.
Manliat. Co.

But.di Drov

2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
26,000,0
300,0
600,0
1,000,0
300,0

Alech.ttTra.

70l,,0

Merch.Tuts'
Mecliauics".

America
PhooniiL

...

Ouy
Clu-mical

..

Merch. Ex

.

(iallatin ....

Greenwicli
Ainer.Kxcli.
Coiuiuerce..

Mercautile.
Pacific
CliaUiain

...

People's ...
X. America

Hanover

...

Irving
Citizens'

..

Nassau
Mar.<fc Fult.

ShoectLthr.

Corn Excli
Oriental

...

Imp. & Trad
Park
East Kiver
Fourth
Second
First

N.Y.Xt.Ex.

Bowery

...

N. y. Co...

German Am
Cli.ase

Fifth

Ave..

German Ex.
Germania

..

Lincoln
Garfield....
Fitth

Bk. of Met..
We.st Side..

Seaboard ..
IstN.Eklyn
Liberty

N.Y.Pr.Ex

New Amst.
Astor
Total
t

...

*

$
2.600..'-|

^

1^,386,0

2,415.5
1.4.8,9

-.8,583,0

3,3l!6,8

21.707,0
23,989,7
3,334,0
1(;9. 538,6
27,805.0

3,556,4
201,1
17,003.0
7,7(11,6

14,521..';

375,6

6,i)92.7

2,233,1/

9,391,4
2,049,7
4,701,0

127,6
357,7
2,8s;2,i
539,6
4,139,8 30.252,2
11,607,4 169,026.i<
4,481,2 23,659.9
3,139,2
626,0
(1,395.1
1,081,3
1,992,4
408,9
2,049,3 17,4(0,4
6,774,7 60,710,7
7.023,0
1,091,4
697,2 17,896,1
2.720.7
321,4
l,33.'i,;'
6,722,2
7,589.0
380,7
3,318,5 27,636,0
7,284,;s
1.058,3
6,703,3 2.^^,094,7
7,076,4 73,239,0
1,098,0
134,2
2,99J,0 20,5y9,3
9.442,0
1,460,2
14,328.0 106,676,2
y,073,3
874,7
773,4
3,225,0
4,446,1
672,5
4,018,2
517,3
4,180,6 47,908.1
9,5.53,3
1,785,4
2,569.5
682,7
2,766,8
878,3
1,390,5 12.857,5
l,30ti,3
7,511,1
2,652,4
396,0
8,722,7
1,456,3
528.9
3,739,0
1.431,4 15,294,0
696,2
3,810,0
l,94t>,4
11,246,3
518,3
6,205,3
6,820,3
561,1
682,0
4,734,0

500,0
5,000,0
26,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1.000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
600,0
3fi0,0

$

P.C.

6.895,0
34.137,0
1 -.040,8
22.567,0
26,263,9
2.896,0
165.136,5
27,845.2

23-2

i;

1,051.0
6.663.0
3,342,9
4.305,0
4. 1 80,2
620.0
35,661.3
6,781,6
1,238,0
1,377,4

l,9bO,((

2,249.0
1.317,0
1,755,0
2,339.8

224,0
8,152,9
1,746.8
695,1
541,4
61,2

o6S,8
766.0
661,0
430,9
569,2
2,984,3 l,7h8,2
26,434,8 11,676,6
4,70y,4 1,26.'<,8
689,^^
504,4
8-5,5
737,0
827,0
670,8
1,886.0 1,915.0
12,006.9 3,971,3
333,6
1,14.<.2
4,576,7 1,163,4
443,9
232,6
772,3
1,346,4
3'^9,«

1,921,2
4.651,0
1,634,6
4.515,2
17,61^,0
327,9
4,107,0
1,114,0
21,745.0
1.418,0
468,0
924,9
686,6
13,233,4
2,346,1
210,0
436,8
1,741,0
1.759,2
460,1
2,135,9
728.0
3,028,0
713,0
2,567,0
1,097,8
1,224,8
907,0

3,744,0
368.1
1,361,2
5,419,0
2i»6,2

2,135.8
1,719,(J
2,242,:.

439,4
419,0
462,4
235,9
1,686,9
338,4
735,0
761,9
1,830,4
31M,6
146,6
420,1
^130.0

1,538,0
1.017,0
249.0

391,8
451,7
219,0

]

26-1

J5-8
26-8
24-8
29-1
26-5
2V
6,693,(1 27-3
7,645,5 25-4
2,494,8 2:v2
6.407,0 2;-;)
2.836.6 34-8
22,006,3 21-6
148,109,0 266
21,373,9 27-9
4,127.3 26o
6,433,0 25-2
2,861,9 34-9
16,375,0 23-2
61,976,4 26-V
6,401,(; 23-1
22.041,7 2 6-0
3,277,6 20-6
6,937,1 30-6
9,126,5 253
33,511,0 2.,-0
7,487, 26-7
22,843,0 25-7
85,791,0 268
(

2
26-2
2i'U

l,51.5.r, 3:.

23,739.3
10,480,0
102,435,0
7.463,0
3,782,0
6,527,8
3,884,0
67,598,3
10,480,7
3,631,9
5,463,1

•i3-4
24-.y

-34
2oO
21-4
25-8
25-6
26-0
21-9

14,0l3.'J 2.3-3

7,859,3
2,694,8
10,303,5
4,104,0
18,103,0
4,553,(1

10,117,2
6,600,0
6,840,6
4,689,0

240

Total United States deposits included, .$23,373,800.

Reports ot Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Nov. 26, 1904, based on average of daily results.
>

two ciphers (00) in all

250,610,2 11398796 231,29:1,8 77.»:60,7 11961524
260.616,2 1 250899 226.558.7 76,347,1 11760450
251.160,4 11127107 2'23,'J18,4 76,640,; 11598776
261,16(^4 11024209 217,957.8 76,476,7 11442125
;

17,196,0
17,166.0
17,170,0

6,062, < 224.870,0

7.411.0

Vir,.-,fC,0

228,342,0

7.403.(1
7,413,(1

163,6.-6,7
12-,!^ -2,1

262,374,0 11,730,0
264,194.0 11,674,0
261.744,0 11,962,0

114,697,5
132,126,9
116.408,8

6.277,11

6,301.0 224,124,0

I'bila.

Not 12
Nov 19
Nov26

6r.,747,0

48,167,1 216,929.0
48,167,1 215,55m,(>
48,167,1 215,835,0

67,861,0
6H,(J70,0

t Including for Boston and Philadelphia the ite-oi "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on Nov. 26 to $3,772,000; on Nov. 19 to •i3.756,(;yo.

—

Imports and Exports for the AVeek. The following are
the imports at New York for the week ending for dry gooda
Nov. 24 and for the week ending for general merchandise
Nov. 25 also totals since beginning first week January.
;

FOREIGN IMPORTS.
1904.

I'or week.

1902.

1903.

$2,973, S06

Dry Goods

9,951,284

Total.

Since Jan.

$2,339,8fll
9.91.5,569

$1,994,353
9,727.446

$12,925,090

General Merchaiuilfle

$10,620,692

$12,255,430

$11,721,629

1.

.$109,675,921 :118.081.330 $113,416,995 $96,906,544
Dry Goods
General Merchandise 438,263,906 417,487,371 401,904,130 408,009.250

Total 47 weeks

$547,939,827 $535,568,701 $615,320,125 $505,005,794

of dry goods for one week later -will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 28, and from January 1 to date.

The imports

EXPORTS FROM

NEW YORK

FOR THE WEEK.

1904.

For the week.

. .

. .

Previously rei)orted..
Total 47 weeks

1903.

1902.

1901.

$8,298,020
440,394,921

$10,333,191
454,490,390

$7,298,204
436,806,746

$6,091 449
460.-.; 00.963

$448,692,941 $464,823,681 .?444,104,960 $466,292,412

NOTE.—As the figureB of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by aduing to or deducting from the amount "pre-viously reported."

The folio-wing table shows the exports and imports of
specie at the port of New Y'ork for the week ending Nov. 26
and since Jan. 1, 1904, and for the corresponding periods ia
1903 and 1902.

EXPORTS AXD IMPORTS OF SPECIE AT

OOs omitted.

tal.

pJttS.

Invest-

Specie.

ments.

Colonial

Columbia

..

14th street.
Gansevoort.

Hamilton

..

Mt. Morris

Mutual
19th Ward
Plaza
Riverside ..
State
12th Ward
23d Ward ..
Yorkville ..

.

.

Fidelity
Jefferson

..

dcBank Clear'y Other Deposits
Notes. Agent. Bks.&c

$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100.0
100,0
200.0
100,0
100,0
200.0
400.0
100,0
100,0

243,1

291,8
116,7
81.9
123.3
118,9
193,0
195,8
245,0
106,6
682.2
114.3
105,4
285.3
12'2.6

304,0

63,3
135,2
137.7
Consol. Nat. 1,000,0 1,117,2
Union Exch 760,0 517,4
61,1
Chelsea Kx.
100,0

"i

2,513,8
5,062,0
2,051.0
1,927,8
3.238,2
2,192,(J

2,753,8
1,941.1

2.972.0
1,281,0
7,783,0
1,627,0
1,631,8
2,068,7
816,2
2,391,3
74'2.8

651,2
2,140,4
4,054,0
4,353.3
401,8

$
59,9
344,0
8!', 2

8,8
171,5
110.5
'^h^
37,4
175.0
14,6

683,0
32,0
66,3
50,8
14,4
9.6

25.0
13,7
212,6
388,0
140,7
24,9

$
218,2
220,0
96,4
163,9
120,2
122,3
293,3
226,6
167.0
93,2

293.0
192.0
141,2
278,9
47,3
134,1

$
398,5
387,0
209,4
191,6
145,1
428,2
125.6
341.5
465,0

$
669,8
3,5

30,0
58.b
200,0
65, (i

65,6
345.8

77,1
190,9
326,0 1,696,0
304,0
101,5
218,5
166,9
228,fr

55.2
319,2
29,9
154,0
106.7
2J5,1

29,9
23,4
69,1
38,9
227,6 1,0-20.7
19,3
41,2

5,4

24.6
25,0
280.0
63,8

$
3,355.2
5,330,0
2,497,1
2.200,9
3.634,3
3.040,6
2,965,1
2,672,3
3,449,0
1.536,1
10,077,0
2,177,0
1,935,0
2,509,6
791,1
2,494,9
720,6
592,7
1.247,4
2,504,0
5,24S.4
452,9

Borough ol
Brooklyn.
150,0
300,0
252,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200.0
100,0
200,0

337,0
161,3
585,4
407,2
63.3
760,8
698.3
162,2
184,7
89,6
245,4
116,0
84,4
91,8

2,295,8
1,768,8
3,410,6
7,455,2
1,228,4
5,402,0
3,297,0
1,216,1
1,561,1
686,8
1,297,0
1,157,0
806.8
1,812,8

100,0

115,6

829,9

68,8

400,0 1,082,3

4.252,3

183,4

250.0
250,0
200,0

660,9
261,9
294,4

2,233,2
1,269,1
1,422,9

73,5
66,2
40,2

FirstNat...

110,(1

125,0

538.2
160,7

2,44'2,4

Second Nat.

214,9
66,9

Brooklyn

.

..

Mfr.-(.'Nat..

Mecliauics'

Merchants'.

Nassau Nat
Nat. City

..

North Side.
Peoples
17tl;

Ward

.

SpniKueNat
Union.

Wallabout

.

Borous;h ...
Borouiihoj

280,9
210.0

195,9
67.6
113,9
645,2

12,1

8^,1

194,0
132,0

319,0
340.0
81,3
147.7

15.4
1'23.2

18,1

67,4
12,3
101,0
49,0
60,4
18,8

47,4
26,0
98,0
35.0
110,8

336,1
245,8
673,2
760.3
237,6
659,0
338,0
5'2,9

63,7
81.5
IS'2.0

124,9
31,6
137,7

27,9
122,9
61.2
90,6
45.7
30,0
120,0
233,4
107,0
30.4
36.0
404.6
86.3

2.601,8
2.024,0
4,101,8
9,033,3
1,508,6
5,630,0
3,670.0
1.377.4

2'2,8

1,866,2

698,7
1,357,0
1,546,9
.S3 3.

Hud-son Co.
National
.

Second Nat.
Third Nat..

130.1

817,7

349,5 1,823,7 1,875.0

7,015.0

67.7
14,8
73,9

212,0

4,9

1,851,1
1.140,7
1.855,6

41,2
37,2

151.6
55.6

984,6

3.278,3

76,8

1,222,1

196.h
546,7

73,3
12.5

HOBOKKN.

Tot.
Tot.
Tot.

Mexico .
South America

.........

All other countries

Total 1904
Total 1903
Total 1902
Silver.
Great Britain

$21,667,979
53.608,042
$2,397,008
1,000.000
1,600.000
19,994
13,293,225
2,000
1. 626,91^0
260,000
4.400.515
3,042

Since Jan. 1.

$2,052,978
'2,710.978

1.638,993

982,964
117.029
996,343
137,167

$32,285
4,050,739
37,414

$3,669,002 $95,660,898
65,000
33,104,018
12.000
26.714,880

$4i806
15,083
12,402

$8,631,452
11 285.768
5,819,90(1

$560,772

.'i;30,727.428

$535

'iilieo

..

1,596.369
25.800
219.033

9,186
10.311
163.764
617,296
269.651
48,052

Prance
GermaJiy

West Indies
Mexico
South America

1,744,825
11,381

All other countries

Total 1904
Total 1903
Total 1902

132,227
24.170

48.6011

345',006

$916,022 $34,373,436
601,805
28,586,035
719,650 31,186,397

.Tl59,133

786
9,826

$1,118,993
1,455,607
1.132.884

Of the above imports for the week in 1904, $4,000 were
American gold coin and $736 American silver coin. Of the
exports during the same time, $1,271,994 were American gold
com and $10,500 were American silver coin.
Auction Sales.

—See page preceding.

%mikxnc^ atxd financial.

Spencer Trask

&

Co.

Monthly Descriptive List of Hijh-Grade

INVESTMENT BONDS.
10,0

JersevCity
First Nat...

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

Week.

1.

1,74'2,3

Richmond.
i8tNat.,S.I.

Great Britain
France.

IMPOBT8.

Since Jan.

Week.

Germany
West Indies

Century ...
Wash. Hgts
United Nat. 1.000,0

Broadway

Gold.

Net

Leg. 3.

N. Y. Crrr.
Boroughs oj

Man&Br'nx

NEW YORK

cases.

Deposit with
Capi-

1901.

$2,072,938
8,547,754

EXPORTS.

BANKS.

42.685.5 1.938.740,8
42,313,: 1.6;4 s-iii.T
42,lh8.5 2.184,2(14.7
42,126,5 1.786,1 61,8

iios.

Novl2 52,635,4 189.018,0
NovlO 52,635,4 187,119,0
Nov26 5'2,635,4 186,628,0

26-4

23-3
24-8
25-7
25-2
37 -9
27-8
26-0
24-4

115,972,7 135,187,7 11024209 217,957,8 76,476.7 11442125 25-7

We omit

*

Nov 5
Nov 12
NovlO
Nov26

1.26S.0

Nov26 10'237O 123630 1016024
Novl9 102370 123630 1609188
Novl2 102370 122796 1011812

4,505,4 6.11,>.7 126968 8 465.0 Il(!3()2 7
4.541.2 6.030.5 1357-19 7,'(60.; 1160835
4,446.3 6.069,-. 137199 7,4B6,9| 1156548

Transact a q;eneral bankino- business and execute
stock and bonii or. ers upon the
New York 3tocl< Exchange.
Branch Office, Albany, K.Y.

"W illiaiu

Moffat

&

and

i'iiie St?.,

New York,

White,

members New Vork t»tock Exchange,
1 NASSAU STREET. CORNKR WAJLLs
IDealers in Investment Seeuritics.
Tel. 682C-5S21 Cortlandt.

Telephone S:oeka a Spccialtf.

Dec.

THE

3. ]904.J

CHROiNlCLE.

The 4s have been exceptionally active and steadily advanced
from 70 at the opening on Monday to 753^ and the 6s sold

Pawluers^ (§n^ttU.
jgr Por IHvidendt tet page

2571

214 points above last week's closing price. Consolidated
Tobacco 4s also advanced, moving up i}^ points.

zsbq.

WALL STREET, FRIDAV, DEC. 2, 1904.-S P. M.
United State? Bonds.— Sales of Government bonds at the
The money Market and Finanelal SItual ion.— There has Board include $15,000 4s, coup., 1907, at 104i^; $500 4s, reg.,
been almost no change in the general characteristics of the 1907, at 107; $10,000 4s, coup.. 1925, at 130,7g, and $5,000 3s,
security markets. The general trend has continued to be coup., 1908-18, at 104''^, The following are the daily closing
towards higher prices and new records have been estab- quotations; for yearly range see thini page following:
lished in many cases, with occasional temporary yielding
Interest Nov.
Expectations of
cf the market under profit-taking sales.
Nov.
Nov.
Nov. Dee.
Dec.
an early decision in the Northern Securities injunction suit
caused a sharp advance in issues directly affected and some
other railway stocks have been str ng under favorable traffic
The latter are one of the noteworthy features of
reports.
the week. Another is a decline in the price of cotton on
the prospect of a larger yield than has in conservative circles generally been expected.
Reports of weather conditions in Argentina and in our
own winter-wheat belt have attracted attention in the grain
market this week, as has also the fact that the visible supply of wheat is increasing. The foreign exchange market
has remained generally steady and no exports of gold have
been reported. The shifting of balances incident to the
opening of another month caused no disturbance in the
money market. Call-loan rates have on two or three occasions been quoted at 4 per cent, but little actual business
was done at that figure.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 4 p. c. To-day's rates on call were ^% to 33^ p. c.
Prime commercial paper quoted at 4@4i^ p. o. for endorsements and 434^@4^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £305,434 and the percentage of reserve to liabilities was 45"30, against 50"5l last week,
the discount rate remaining unchanged at 3 per cent. The

Periods
is, 1980

coapon
38,1980
3s,1980,smaJ.registered
coapon
2s, 1980, small
registered
Is, 1918

coupon

1907
1935
1926

39

38

30

1

3

104

104

104>a 104>a 1041a

-Feb *104»a '104Vi
10419 '104%* 1044
-Feb *104'a 1C4»4 •1^4 >a 104 "s lC4i9,*l04ii
-Feb
-Feb *i04J« 'l6i\t
10414 10*414*1041*
Jan 'lOe"* '106»« -106 »« •in6>4 106i«*lC5'4
-Jan •106 »« 104 >9 •loe", 106 >< '106i4'106>4
-Feb •ISO", 180S 180V, ISO", 180'a''130ia
-Feb •180T, ISOTg •I'Cb ISOTg '181 i*lRl

oonpoB
Is, 1918
Is, 1918, small.reglstered
coapon
Is, 1918, small
registered
48, 1907
Is,
4s,
4s.

36

-Jan *104>ii *5 04'a •104>s
-Jan •104 "a *104>9 •104 "a

registered

registered

conpon

'This is the price bid at the morning board; no tmi$ was made.

Railroad and Miscellaneous Stocks.— The stock market
has been again more active and in most cases decidedly
strong. There has been an unusual advance in some of the
high-priced issues, but the upward movement has not been
uniform— a reactionary tendency having developed on Tuesday and again on Thursday.
The highest prices of the week and of the year were in
many cases recorded on Thursday, when in the railway
list North West, showed an advance from last week's closing
price of 143^ points, Michigan Central 10 points, New York
Central 63^ points, Illinois Central 6% points, Lackawanna
11 points, bt Paul nearly 4 points, Louisville & Nashville
8 points, Pennsylvania S% points, and other issues from 2 to
Great Northern was conspicuous for an advance
3 points.
Bank of France shows an increase of 17,625,000 francs in of 12 points above its previous highest record.
United States Steel has been the prominent feature of the
gold and a decrease of 350,000 francs in silver.
industrial list. It was strong during theearly part of the week,
ITBW TOKK OITT aLBASINO-HOITBll BANKS.
the common selling up to 32Jg and the preferred above 95,
JHfftr$Hct$
1904
1903
1909
but both reacted under heavy offerings. Colorado Fuel &
from
Nov. 26
Nov. 28
Nov. 29
Iron sold 7% points above its previous highest.
l>r<trtou< MMk
For dai'y v dume of busi'.e8s see page 25S0.
The followinir sales have occurred this week of shares not
Oapital
116.972,700
116672,700 101,172,700
Bnrpliia
136,187.700
132,221,000 118,675,700 represented in our detailed list on the pages which follow.
EiOftKS

* duooonts

Olrenlatlom
Nst deposits
Specie

....

Ijegalte»<ler8...

1,102,420.900 Deo 10,289.800
42,lvi6,H00 Deo
82.010
*l,144,ai2 600 Deo 16,666,100
217,957,800 Deo 6,960.600
76,476,700 Inc
836,000

294,484,500 Dec
389.063.125 Deo

BeservebeM....
16 p. 0. ot deposits

5,124,6)0
3,916,276

880,839,700
46.036,500
841,652 030
152,241,200
64,272,000

870,836.000
45 433,800

216,613.200
210.388,000

236,746,500
220,959,200

883 836 800
168,840,200
67.906,300

Surplus reserve
8,381.376 Dec 1,208,825
6,126,200
15,786,300
' S23,S73,8on Onlted Stktes deposits inelnded, •gktnst
$28,380,800 last
week and $36,809,700 the oorrespondlnK week of 1903. With these
United States leposlt 8 eliminated, the sarplas reserve would be $14,224,826
on Nov. 26 and $16,434,900 on Nov. 10.
Mont.— Beturnsol separate banks appear on theprecedlng pace.

Foreign Exchansre.— The foreign exchange market was
week because of a lighter demand for remittance
and a better supply of commercial bills against cotton; the
easier this

tone was heavy at the clo e.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84}^ for sixty day and 4 87}^ for sight.
Today's (Friday's) actual rates for sterling exchange were
4 8370@4 8375 for long, 4 8645@4 8655 for short and 4 8680@
4 8690 for cables.
Commercial on banks, 4 8345@4 8355, and
documents for payment, 4 823^@4 84i^. Cotton for payment,
4 82?^@4 82;^; cotton for acceptance, 4 8345@4 8355, and
grain for payment, 4 84@4 81 J^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18J4:@5 181^* for long and 5 16;g*@5 lO^gf for short.
(Jermany bankers' marks were 94^8 f@94^ for long and
95 716f (i95 7-16 for short. Amsterdam bankers' guilders were
40i^*(g40i^t for long and 40 5-16«[@403^* for short.
Exchange at Paris on London to-day, 25 f. ISJ^c; week's
range, 25 f. 16>^c, high and 25 f. 15^0. low.
The week's range for exchange rates follows:
-Long.Jterling Actual
'3> 4S120
HlRh... 4 8410
IjOW. .. 4 3360
® 4 8370
Paris Bankers' Francs—
Hl»h... 16 18»4
® 6 18»«*
Low ... 6 18»4* ® 6 la»i

-Short.

—

-Cables.-

I

4:S68S

4 8696

I

4 864S

4

6

High...
Low....

I
I

947g
94',t

HlKh...
I

I

40'«f
40>«t

Less: •iieofl%.

9
m

4 8796

4 8690

5 16>«t
5 le^gt

Marks—

^ 94»&.e
® 9f%

96'i8
96»i,t

«
«

I

40»Bt

I

40»i6Tl

a 40%
® 40aB*

Amsterdam Bankers' GuildersLow^..

lev

6 le^e'

I

(fermany Bankers'

4 8726
4 8680

8666

-«

«

40>8
40»«

ti„ofl%.

t

»m of

95>,
96^19

1%. Pins:

TI

STOCKS
Wttn Sndins

Bmngt lot Weth

for

Dee. 3

£•«*#< tiH« Jan. 2.

Week

13 Mar 22 Dec
20 Deo 2 22 Dec 2
240 85iaDec 2 80 Deo a 72»4J»E 83 Dec
luO 24 NoT2y 24 Not29 19 Sep 26 Not
100 149 Nov2- 149 NoT^h 130i4Feb 149 Not
pf..
Assoc Merchants, Ist prf 100 95 Deo 1 95 Dec 1 90 Oct 96 Dec
6I4N0T
e>4N0T3t>
6'«Not26
Canadian Paoiflo rights. 6,200
5 Oct
117 Deo 1 U2'«Ang 117 Dec
Cent & 80 Amer Teieg..
60 117 Dec
lOii
Jai,
6>*No^26
1
Denver & Southwest
8'aNov26
6>aNov

Amer Agrloul Chem

1,12"

Preferred

Amer Beet Sugar
AmerTobacCo (old)

1

',100
Preferred
Kleotrlo Storage Battery
800
100
Ft
<S> Denv C, elmpd..
Seneral Chemical, pref.. 400
96
Green Bay & Western..

W

Homegtake Mining
Knick Ice (Chicago)

200
600
100

Preferred
....
Laclede Gas, pref
ftO
10)
8 Kiev, pref
100
Morris <& Bssex
Mat Bnamait stamping.. 1.700
330
Preferred
100
N Y Dock Co
Preferred
360
Quicksilver Mining
600
Preferred
100

Met

W

EB

Securities 111 Cent'i
stock trust oertifloates

Rome Water & OKdensb.
St L <& San Fran stock tr
C <& E 111
Dnlted Fruit Co
ctfs for

4SNOV26

NoT2(f

6

1

6

Nov

1

.

1

690 90TbNot28 92<^Dec 2 86
100 188 Dec 1 138 Dec 1 181
137
100 108

pref.. 1,600

Nov

8338NOT26 82 Nov 83 38 Not
41 Novi«9 40 May 64 Feb
98>aNovat> 100 Nov2«
94 Feij 100 Not
h2 Deo 1
8i Dec 82 Deo
82 Deo
72 NotSO 73 NovSO 49>aMa. 78 Not
8 Sep
12'«jOct
10 Nov2h 11 Dec 2
48 S Jau 66 Oct
64 Deo 2 64 Dec 2
Mai 1 14 Feb
9.
101 Nov30 1 01 Nov «>
46 Mar 67 Dec
67 Dec
67 Dec I
190 Dec 1 190 Dec 1 isai^Api 190 Dec
a3i«0ct
14 Sep
2l'4Nov30 23iaDeo 1
76 J'ly 87 Not
85 NoT2rt 87 NoT2rt
14 Oct
23 Nov
23 Not 30 23 NoviO
50i«Nov30 60S«Not3O 87i«NoT 50»«NoT
3i«Nov
»4J'n€
2«8Nov2S
2SkNov2^
3iaNov
7 Not
e-uNovig
6HiNot29

833bNov2«
43 Nov29

Feb
Jail

93
138

May
Deo

NovSO 183 Deo 1 122 Feb 133 Oct
Not30 1 H NotSO 96 Feb 112i«J'ne

—

Ontgide Market. There has been a further material im
provement in the market for unlisted securities this week.
Dealings have continued on a large scale and values as a
rule have moved to a higher level, Northern Sdcurifcies
stock reached a new high rec rd on increased transactions,
which aggregated, it is estimated, about 80,000 sliares for
the week; the price advanced from 117 to 125':^, but
closed to-dav at 123>:^. American Can stocks, and especially
the preferred, continued decidedly active and strong; the
preferred gained 6^ points to 60, and ended the week at
59^; the common rose from lO^s to 12, but at th- close today it ran off to 11%. After an advance early in the week
from 1671^ to 169/8, Interborough Rapid Transit declined
to 164, but with a recoveiy at the close to 166%.
International Mercantile Marine common ran up 3 points to
15; it closes at 14i'8; tLe preferred advanced from '11% to 29%,
with a reaction to 29^^.
U. S. Shipbuilding common
(when if-sued) moved up 8 points to 'l^'^y^: the last sale to-day
was at 28^-9 the preferred (w. i.) rose 7 points to «1, oiosing
a point lower; the 5 per cent certificates gained 74' points
to 47%. Greene Consolidated Gold was in ^ood deQi4nd this
week and the price advanced from in^ to IvJJg; the final
sale to-day was at 12=3. The copper group has been active
and strong. Greece Consolidated Copper ro.se from 30 lj" to
to-d.sy

I

I

»i,ot 1%. ••is»ofl%.

The following were the rates for domestic exchange on
New fork at the under-mentioned cities to-day Savannah,
:

;

buying, 50o. per $1,000 discount; selling, 75c. per $1,000 premium; Char.'.e8ton, 1234c. per $1,000 premium; New Orienns,
b»nk, 50j. per fl.GOO aiscount; commercial, 75c. per $1,000
discount; Chicago, 20c. per $1,000 premium; St, Louis, 35c.
per $1,000 premium; San Francisco, 25c. per $1,000 premium.
State and Hailroad BondH.— No sales of State bonds have 81-?^ and closes at 313^; Tennessee Copper rose f'-om 377^ to
been reported at the Boa-d this week.
United Copper moved up
431,1 and ended the week at 431,^.
Business in the railway bond department has been largely 3 points to 12. Montreal & Boston was very a.tive and the
increased by a very heavy movement of the American price rose from 3 to 3 9-16.
Tobacco issues represented by Morton Trust Co. certificates.
Outside quotations will be found on page 2580.

.

New York

Exchange— Stock

Stock

OCCUPVINiJ

Monday

•84
•iU

IHtffday

Nov. 28

tfov.

84

37
08

•3 4
•64

84
6S

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104
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68

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•82
87
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173»4 175
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42 "b 43

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92 94
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88 4 89
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36
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77

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60
66
29 '4 29I4
27
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68
182 185 •180 185

29 Hi

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18134 I8I34

Lake Erie
Do

105

<ft

Western

pref

Shore

<&

Mich. South'n

62H! Long Island
14i»4l47'4 Louisville <& Nashville...
1674168 Manhattan Elevated...
8238 B3Hi
etrop. Secur., sub. rec
12434 126', Metropolitan Street
21 '9 22 Mexican Central
135 3 60 Michigan Central
6218 63 MmneapoUs <& St. Lotus.
93 98 4f Do pref
91
91 Is Minn. S. P. & S. S. Marie.

•112

76 H; 7i;34
•103 105^4
76-38 78 -.
88 14 88 M
87 Hi 87 'e
7934 80 Hi
80 Hi 8H4
36 14 3b 7^
36Hi 37V|
85^4 8534
86 >4 86
7534

Michigan.

Do pief. vot. tr. ctfs.
Eeokok <& Des Moines...
Do pref

270
•59

23

120
75

100

Illinois Central,
l-owa Central.
c
Do pref.

C.Ft.S.&M.,tr. eta. pfd
Kansas City So. vot. tr. .

62 14 53
•16
18
•47
61
•

ctf.A

deb. ctf. B
Do
Hocking Valley
Do pref

Kanawha <&

Hi 83
30 Hi 31

120
112 120
75
7434 77 Hi
73Hi 75
•lii5
5l96'4l97
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42 14 43
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42
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93
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•99 1(^5
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83
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83
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83
136=8 13734 137«fe 13«38 138^4 13938 137»8l39H.
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30
30
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16
80

77

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36 Hi 37
84 >8 85
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68
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75

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73
75
•195Hj196>^

303,

66

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81 '4 8334
8 139 8 134
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22 '2 23
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22 Hi 23
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•135 150 *135 160
•134 loO
136 145
6434 0434
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64
64 Hi 6434
64
•93
•92
•93
•93
•93
99
97
98
98
98
91 '4 9U.
90>9 91»4
91
91',
9IH2
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•90Hi
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146 147
33 '4 33 Hi
3334 3418
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63
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62
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108'«10y'« 10»38l09-3>. lO^'s 109 »f, 10834 llOHi 1097g 111 Hi
144 146
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144 144
143 H, 146
42^8 427,
4::7g 4339
4339
43
4'i>a 43
•41H» 43
"22
2334 2434
24
24
24 >4 •23
24
Hi 2434
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13934 14134
4 1 Hi 4134
41
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42
42 H.
4OH1 41H!
42 Hi 46 Hi
121'i8 12288

90

>,

157% 158 Hi

270

•58
62 Hi
140 '8 142

Hi

19
89

903*

90»4 903,.
15534 158»8

30 >a 30 Hi
30 Hi 30 's
56>9 6679
56Hi 56 Hi
•37
37
38
37
83
82 >9 82»4
83
28 Hi 30
30Hi 31Hi
62
52 >9 64
52 Hi
•16
16 18
18
•47
•47
61
61
431
40
}37H» 37 H)
*96 102
100Hil02'2

30 Hi

2734

18
86

19>4

84Hi 85 Hi

61 Hi
•16
•47
•38
38^4 40
•96 102
•96
'270
•270
•270
•68
6215 •58
62 Hi •58
138»4 13978 13SH2l42Hi 13934
I6734 166>« I6734 168 Hi 167 Hi
8O34 8II4
80 4 82 >6
81
62 Hj
•16
18
•47
51
•38
40
•96 102

19>4

19'

Lowest

S/iaret

156

375 88 May 6
Do adjustment pref.
1.400 51 Feu 24
IJacUio Coast Co
95 J'ly 26
Do Istpref
800 61'4 Jaul2
Do 2d pref
Pennsylvania
615.610 lll4Marr'
Peoria & Eastern
2,400 17 Marl6
100 744J'ne 9
Pore Marquette
}u8 May31
Do pref
1,600 56 Apr20
Pittsb. Cin. Chia <& St. L.
200, 90 April
D3 pref
Reading, vol'g tr. ctfs.. 421,050 3834 Marl4
2.88" 76 Mar 1
Ist pref. vot. tr. ctfs...
2d pref. vot'g tr. otls.
3,530 55 '4 Feb 26
162,000 19 Id Marll
Rock Island Company
.

Do

prof
Rutland, pref

26,.890

St. L. ifeS. KT., Ist pref
Hi

Do 2d

;

54

4 Not 1

9» S, Deo
71"^ Sep
96 Hi Oct 1 82^4 Jly
Nov 15 29 4 Sep
70 4.
160 Oct
121
Nov
165 Oct
140 Sep
89 Aug2
13534001 2 iV.5»8 Oct
72 NoTl
67 4 Sep
19434 Xovl
153 Oct

NoTl

61

J«B

41

4 Dec 69 Jan
Aog 897,, Jan
8438 Aun 1034Jan
106 1X-. 126 May
5

27>4NoT

104
963,

Jan
Feb

714 Feb
150
160

Feb
Feb

13834

Feb

78 4J*n
190 J«n

534 Jan

47 "4 Not 1
18>2Sep 37>4 Jan
85 4 Jan 2 _ 60 Sep 75 4 Deo
143 Oct 15 105 J'ly 1384 Jaa

pret

C.<& E. Loom stock tr ctfs

26

Xov2

'4

90

13

Nov
Not26

83 4 Sep
63 Oct
24 Sep

.

7434
39H)

>•.

^

pref

St. Josepu&Ur'd Island.
Do Ist pref
Do 2d pref

17
59

Dec

26

NoTl

89 '4 Nov2
104 4 Not .

Ang 290nJan
9078Jaa
85 4 Jan
Nov2
4 6 79 Feb
177*9 Deo
133'4 Ang 183 '4 Jan
18578 Oct 2
163 Au(t 194 '4 Jan
2144 Dec
153 Sep 224 4 Jan
237 Not 30 190 Aug 250 Jan
160 Novl
117 J'ly 162 Jan
187 4 Oct
5165 Not 194 Jan
16>4Not2
8 Ang 1978 Jan
2734 Nov^
15 Sep 36 Jan
15 (4 Nov2
3 May 174Jan
48 ^ Not2
30 May 5034 Jan
9339 Ueo
66 Aug 9939 Jaa
115 Not23 112 Dec 119 Jan
2438Novl5 10 J'ly 314Jan
60 '4 Novl
444 Aug 72 Jan
37 4 Nov 15 17 Aug 48 Jaa
18334 Nov26 149 Aug ^—4 Feb
183
340 l.eo 2 230 J'ly 276 4 Jaa
3578Novl4 18 Oct 43 Feb
87 4Novl4 62 Not 90 4 Feb
26 Oct 22
Sep 474 Jaa
1434 Jan 2L
734 Aug 203g Jan
3078 Not l:
14 Not 3934 Jaa
79 Nor26 65 Oct 90 Jan
1478Not15
7
Aug 10 4 Feb
23 Hi Novl4 10 Not 2939 Feb
41 "8 Nov 9 23 Ang 42 ^8 Jaa
74 '4 Oct 22 62 4 Apr 74 Feb
58'8Xov25 44 J'ly 6478 Feb
664Jan27 39 4 J'ly 72 4 Jaa
83 Novl6 78 Aug 91 Jaa.
230 NoviS 160 Oct 209 Jaa
70 AngU) 864 Not 18 73 Dec 85 Jan
2034 Novl4
10 11 J'na
10 Aug 274Jaa
2,100 60 May24 89 '4 Deo 2 63 Sep 1064 Feb
1,376 77 Mar 12 91'4Novl6 77 Oct 994 Mar
118,682 12534 Feb 24 1584 Deo 2 125 4 J'ly 151 Jan
14 J'ne 4 33 N0TI2 13 J'ly 43 Jan
1 ,250
2,120 32 Feb 25 5934 Novi4 304 Oct 773bJan
400 22 4 May 9 3734NoTlt 254001 47 4 Jan
2.200 64 4 J'ne 1 834 Not 19 62 ",001 8234 Feb
10,500 16 Hi Feb 24 3178Not14 16 4 Oct 36'4Jan
29 Oct 61 4 Jan
7,900 31 Feb 29 6634 Novl
104Janll 1939 Apr 12 10 Oct 40 Mar
45 la Apr
52 Aprl'.^ 48 J'ly «65 Apr
15,525 26 Marll 434 Dec 1 23 4 Not 53 Jan
600 85 J'uel7 105 Oct 1& 89 Nov 118 Feb
i2 45 Nor 1 4280 NovlS 275 Dec 334 4 Jaa
46 Mayl" 62 4 Nov li 49 Dec 83 Jan
165.310 101 Feb 23 143 Dec 1 95 Sep 1304Jan
8.425 13934 Mari2 169 4Not18 126'4Sep 1554 Jaa
24.800 72i4Marl4 964Augll 704J'ly 128 '8 Jaa,
124,545 10434 Marl 4 13U''8Ucl21 99 78 Sep 14278 Jaa
5 Apr 23 2338 Nov2-.
8 4 Not 29 Mar
67,200
516 ?U94Feb 1 150 Novl9 102 .May 135 Jan
1,100 40 J'ne 3 6734 Jan 18 41 Oct 110 Jan

80 J'ly 29
4,250 55 Jan 4
1,125 116 May 2
9,300 14'^8Feb24
Mo. Kansas & Texas
11,500 32", J'ne 1
Do pref
212.410 87 Feb 27
Missouri Pacific
1,750 1014Feb2l
IVT ash. Chatt. & St. LouLs
6,900 3434 Feb 25
at. of Mex, non-cuin.pf
700 1678Feb25
Do 2d pref
N. Y. Central <& Hudson.. 100,305 1127eMan2
N. Y. Chic. <fc St. Louis... 17A00 26 Mayl6
10l4Mayl2
Do Istpref
2,000 60 J'uel4
Do 2d pref
732 ilS34MsyI9
N. Y. N. Haven 6k Hartf
N. Y. Ontario <fc Western 17,450 1939Marl4
66,900 53 4Maxl2
Norfolk <fc Western

Do

KoT

84
66

Highest

Lowest

iligluist

KaJIroatla.

Green Bay<fcW..deb.

86

308b

41

583e

19
1- „
85>4 85Hi

19H>

86

40^8
73'4

13

29

Year iyu4
Hange lor /Yertow
luo-sUare LoU
yeardVOat

lor
01

'...

26»,

13Hi

Ann

87

Range
On basis

I

1434

26 H:

I21.J

EXCHANGK

01

the

Week

600 25 jay 11
Arbor
65
Do pref
2t)0 H'i\rut 8
88 V A.tch. Topelca <b Santa Fe. 106,175 61 Feb24
103 H) 103 'hi
Do pref
16,306 87 "9 Jan
152 155 'f! Atlantic Coast I.lne KB.. U.O.'JO 104 Hi Feb 1
97 '4 9.l3hl HaUiiiiore<fe Oliio
130,630 7278Marl4
95'^ 95
Do pref
l,'i95 8708 Feb 19
OS
OS's Brooklyn liapid Transit.. 96,580 38 Feb 2
150 160 Buffalo Roch. & PitUb'g.
200 118'4 Mar 2
145 105
Do pref
il354J'ne24
Bnffalo & busqne, praL
83 Not
133 134 / Canadian Pacific
64,932 1094Marl2
72
72
anada Southern
1,960 64 Apr 29
191
191
Central of New Jersey. ..
2,940 lo44Feb2()
49 '9 60 Chesapeake <ft Oluo
26.44U 28 '4 Marl
Chiragotb Alton
610 33 Jan 15
Do pref
800 75 Jan
130 145 Chicago 3d East. III., pref
124 Feb 11
24 »4
iireat Western.. 88',6(iO 1278 j'ne 8
86 24'''r CbioaKO 4 p. c. debentures
S'i
970 80 4J'lyl;.
Do
•66
73
Do 5 p. c. pref. "A".. 2,100 47 Hi J'ne (
3739 ^1\
4,300 20 J'ne t
Do 4 D. c pref. "B" .
17578 176\. Chicago MUw. & St. Paul 167,625 137 4Feb24
184Hil84»8
1,71( 173
Mar
Do pref
209 '3 21134 Chicago dfc Northwestern 28,754 1014Marl4
236 23(5
2,706 207 Feb !
Do pref
157 159 Chic. St. P. Minn. <& Cm.
1,500 135 Marj'.
190 195
Do pref
J 165 Apr2'13
14 k Chicago Tenu'l Transfer.
6;706
6'4Aug31
26i%
25
8,100 114Ang31
Do pref
12(4 1278 Chicago Union Traction. 16,075
4 J'lyll
43
4,10(1 29
May24
43 Hi
Do pref
9iH, 92 Cleye. Cin. Chic. & St. L. 10,250 684Maylfc
110 118
100 Feb
Do pref
22 Hj 2234 Colorado <fe So., vot. trust
2,460 134J'ne 1
•58
58 H)
Do Istpf. Tot. tr. cffl. 1.700 48 J'ne
3534 3534
Do 2d pf Tot. tr. clfs. 1,850 1778j'ue 7
18V 187
14,450 149 Marl2
Delaw^are <& Hudson
338 340
1,600 2504 Feb 23
elaw. Lack. <fc Wesl'n.
33
33 Denver <ft Bio Grande
1,400 18 MarU
864 87 Hi
6,10U 644 Feb 24
Do pref
•24
194Jan "
26 Des Moines & Ft, Dodge.
'1^%
14J'ne27
2,860
7>fl Detroit South, vot. tr. ctfs
29
29 1^
Do pret vot. tr. ctfs. 10.40U 234 J'ne27
78
78 Detroit United
1,900 G0 4J'nel6
6 1* J'ne 3
•124 IS^i DulutU So. Shore & Atl..
1.174
23 >4 23>4
9'4 AuglO
930
Do pre!
39'4 397b 17ne
328,420 214 May 16
73 14 7379 liDo 1st pref
35,100 55"^8M:ay31
56
13,420 33 Ma} 16
pref
Do
60 14 67 Evansv. 2d Terre Uaute..
54 J'lyl5
63
<&
•80
72 Feb 28
83
Do pref
210 230 Great Northern, pret
200 170 Mar 17

163
97
9334
94
95->e
69 's
6734 (i^%
(>8
O'J
159 H. 15834 15934 '150 160
'155 165
'145
165
165
•82
•82
87
87
87
134'6 133'4l34>4 133»8 1341-.
7138 •68 Hi 72
7IH2 7:i
'191
191
192
191 192
49 ig 50 '4
50>a
49 Hi 5OI4
44
42 >4 4334
42 >4 43
85
83
85
149
130 145
130 146
26 Hi
24 '4 25
247, 25 >4
88S4 •87
•86
89
88
•67
67 70
75
73
37 Hi
36»8 367e
37
37
17436 173»»176Hi 175 'a 177
183
183 183 Hi 184 1853^
205 «8 205 21134 211 2l4Hi
230
231 237
235 237
169
167 4159 Hi isgHiisa's
'187
190 195
195
195

26

Haiet

STOCK

877,

'1

I4I8

26 '4
13

STOCKS

•84
•64

37
68
89

.

fAiJKS

NEW YORK

Jrlday
/>««. 2

27 "4

15

15't

71
191

'155
15S
'187
195
15
15H<

168
•187

16>a

44 Hi
«5
145
26 '4
S8->4

73

71
71Hj
38^1 39
173^4 I74'i,

13»«

•42
•83
130

Hi

'130

145

'ibh

•88

133-^8

44
•83

4938

>« 135
T 2
lid
191
4978 50 Hi

134

•-,

TKurtday

•34
84
34
•64
66
66
87 Hi 88
88
103 103 Hi 103'e
'162
151H:103
97 '4
96 Hi !'8
9434 9479
95

87
68
88 '4
15334

9638

il7-'4

•93 Hi 91
67 -'j

2d

103%

103
151

'.17

94

9d3j

eii'4

S7-'^

Wednesday
Nov. 30

'

Record, Daily, Weekly aad Yearly

TVV<)

STOCKS— HJG 11 KST AND LOWKfiT SALi. PRICKS
Saturiinu
Aor. 36

8
4
4

.

5734

96 4 Sep 16 83 Not 118 Feb.
Oct 29 42 Aug 794 Feb
Oct 29 109 4 J'ne 1324 Feb
3638Not11 15 4 Oct 30 4 Jan
64 78 Not 16 33 Oct 63 4 Feb
-11 Hi Deo 1
8534 Aug .1578 Feb.
147 ->8 Deo 2 85 Oct 133 4 Deo
454Nov21 34 4 Mai 47^ May
25 4Not21 17 Not 234J'n«
42 Not3U 112«8J'Ur 156 Jan46 4 Dec 1 19 4 Sep 46 Jaa'
15 Novll 100 Oct 118 Jan
77 4Not12 60 Sep 87 Jaa
199 Oct 21 1137 4 May 225 4 Jan
47 78 0ct 2u
19 Sep 354 Feb
76 4Novi7 5334 Not 764 Feb
94 Novl4 85 Ang 93 4 Feb
80 4 Nov 3 3934 Sep 72 Jaa
lol Sep 28 80 J'ly 100 Feb
8434 Nov 50 '4 Aug 76 Jan
139 Hi Deo 1 11034 Nov .57^ Jaa
32 4 Dec 1 15 J'ly 39 Jaa
813b Jan 23 74 J'ly 91 4 May
79 4NoviO }74 Dec 76 Sep
77 Oct 14 55 Sep 94 Jaa
106 Nov2S 90 Oct 15 Jan
95
150

78 4Nov30
89 Deo 2
82 Oct 21
3734

Nov 16

37 4 Nov
73 Sep

69 '4 Jan
89 7j Feb

5534 Nov
19 4 Aug
5534 Sep

81
Jan
53«8 Jan

Jau 6 8638 Nov28
Apr22 55 Oct 27

30

N0VI6

7

Not 16
Nov 16

33

Oct
Oct

13

Oct

30
9 Marl5 18
100
300 36 Mayl 7 60
100 16 Jau 8 30
900 «61 Mar 1 78
7,780 39>4Jan 6 70
1.360 150 Jan 9 185

Jan
Jan

86

Aug 72

15 14 Jan

58 Jan
247gJan
leb
Feb

Novll 68 Aug 88
Novl4 39 Dec 78
Dec 1 148 Hi Sep 170

J'ly

BANKS AND TRUbT COMPANIES— BROKERS' QUOTATIONS
Banka
MKW TOHK
American

...

Amer Ezcb..
Astor
Boweryli
Bntch's <fc Di
Century 1i
Chase
Chatliam ....
Chelsea Exc",
Chemical

Bid.

610
275
775
325

AtH
530
280
825

155
180

650
330

Banks
City
Coal iSi Iron.
Colonial II ...
Coluinbiali ..

Bid

A Sic

Banks

Bid

1300 (309
190 200

450
350

Oallatin
Uansevoortll
Uarlield

Ask

400

Commerce... t24,1 t244
Cousulidated +1454
C'rn Exchcel 395
102
Dlscountir... 160
160
East River.. 167 Hi 165
200
Fldelityli .... 180

Fourth

Banks

Bid

Ask

Jefferson^... 140

14thSlreet1I. 300

Liberty
Lincoln

230
400
140
500

236
416

German Amij 170
German Exi, 350

175

Market <&Ful

380
620
245

.Mechanics' . 275
2 SO
.Mech
Tral n464
.Mercautile .. 255
265
.Merch Excb. 165
175

Gennauiall

..

Greeiiwiclili

5:»0

2 -5

t525
1150

Mniden Lane 105
Maniiattaull. 318

325

f2«.5<-.

&

Banks
MuttxalJ
Nassauil

New Amster
New York Co
N Y Nat Ex.
New York...
19th Wardlj.

Bid
290
190
600
1300
200
325
150
225

North Amer.
Northern
120
Orieniall;.... 235

Ask
315
200

Bid

Banks
Phenix

130
500

Plazali
J

Prml ExchTi

AiX
135

i

il85

250 280
600
Seaboard
600
Second
Shoe<& Leth. 145
1000
Statell
34tb Street.. 190 200
Riversideli

335

175

\

..

c

235

12lh Wardf. 120
245
llamiltoull .. 170
MerchanW.. ISO 190
23d Wardll.. 125
Pacitioll
255 265
3450 3760 Hanover
535 545
375 426
Park
J35
Union ExoM 1S6 195
4276 4326
300
Imp >& Traii. t59234
-M etrop !
525
CitizeiiM' CtT 165
United
175
People'sll.... 286
710
300
...... Irvin?
222 Hi .'32 4 .\ltMorris< .. 218 225
t93
• Bid and asked prices; uo sales were made ou tins ilay.
SUkte Uaiiit.s. it b:x <liviil«u>i mum riifiils.
« Lioss im^ia lOJ sil^o^
HtW Hotl^
i els rl^t*.
t I'rast Co. oertiUcatea.
» Sold »t private sale at this prlo«k
t Sate at Stock Exchange or at auction this week,
A AuMuaeui paid.
175

340

Fifth
Firth
First

A veil..

'

1

'1

tt

,

.
.

Deo.

Stock Record

3, 1904.j

Monday

23
67

68
1

35 >• 35 '8
95 >a »5"8

133
22
22
31^ 32
03
63
1V6 106

il6»i 116^.
•94V, Ob^2

18

18
eS^b 63 It
23 >• 23»8

31
ai
•il\i 46Hf
•80
31

48

•930 260
31 >«
30
71
71
80*4
78 >a
82 <4 33
91
34»4

96

•93

•aca 32

7

35% 36
96
•9t)Vj

66%
k
'4

95^6

98

54

87'4
SNj

38\

*37«b
16'4

38 >i

•37

42

35% 361,
95% 9576
•96% 98
36% 3634

8
n;\t

96% 96%

96 '4

9rt%

36% 37%

107

115

116%

y4% 95
19 14
19
63 V, G4k
23V, 23 7(
4UV, 4B7e
21
21

47% 48 V,
29 V, 29 k

23%

24>«

4S%

236
20

46%

20%

94 •« 94V2
*30
32

2334

46
20

*38

98 V,

14

149 V;
139

47

47

47

20%

29% 293,
23% 24
48% 48%
•236
19

260
19 k
71

69%
80% 81%
33% 34
92
93%
33% 33 k
92
92
30% 30%

69

81%
83% 34%
9234 93k
33% 33%
93
93%
32

217% 210 216
*9% 10%
9%
9
8% 9%
9%
9
9%
"
38 V,
38
38%
38
9^4
8^8
9
9%
8% 9%
38% 3!»% 39% 40k 39% 40
Hi's lOk •16% 17% •163* 17%

loO

50h

67

65

80

30

67%

23% 23%

29% 29%
23% 24
48
48k

69

38

94% 95
19% 21%

463^

2S0

22%

36%

20 V, 20 k
47% 48

19% 20

133

130

95
95
19 '4 19%
64 k 6ft
23 V, 23%

236

260

71
71
79 V,
33 >4 U'4
92V, 93
34
34 k

113

114
•160 170
•»6l4 98

139

3638

3578

*215

10

*39

42

•38

42

36
35% 35% 36% 35
103% 104 k 103% 104
104 >4 105
6% 7»8
6% 6%
7
27% 27
26% 27%
87 >• 28
813,
81% 82% 81
81V;
81

60
148

68

117% 117%

11434 115'6

1157,

9%

9

183*

54>4

6678

6734

117'4ll7Vj

66
107

J2144 215

218
10

•316

'4 1 1

48

aS^ 24

«0<B
S4i«

7

36% 37
•131 133
131 133
23V, 23k
23 k 23 k
31V, 313^
82
36 k
53 >4 52=,
52'4 65k
106'4l00i< 106v,106k

SB's 37

•131

47»«

1

25% 26

25 V, 26^4
51»4
54

26
5319 64
67 >« 68
25 >4

8&^

Wednesday
Nov. 30

Tufsdau
Nov. 29

Nov. 28

10334 104
6% 7

27% 28
81%
113%

81
113
160
99

114
113V,1137e
170 •160 170
98 V,
98 k •98

13% 14>e
60V, 50 k
147% 149 7j

42

84% 35%

170

99%
13»4 13%
13% 14
60% 61
60% 50%
147%161% 149% 160 >4
139

139

148 149 k 148% 148%
146V) 145k 146% 148
92% 933.
93% 94
93% 95
U234 93
23% 24% 2334 2434 23% 24
22 Vj 23^
•92
y4
95
94
«94% 94%
92^4 93Vj
11534 116
H5k» 116
118 115k
115 115
223 *218 222
»9
10
•9
10
57>4 58 k
57
66
62 V, 58%
61 Vj 62V2

•218

90^8 907,
15Vj 16
315 2]->%
128Vi 128 Vj
23'4 24
gov,
S63<

80
36
66

66

19034 193
19U 193|

77% 78

•68V, 60 V,
40 >« 40^6
•85
85»4
•56
55>«

117

117

237, 237^

»94
163

97
164

104k

45

45

V,

1081* lOS'e
39
41

16% 17k

16^.

215V, 216 k
128'8 I2yk

121

14>«

14%

91%

\)5U
'b

91V,

29%
94%

•219

11>»

56% 67
•9313
17 l'7"%
215% 21 684

4334

111%

3S

•,.514

45

91% 91k
17% 18
70% 72
26
25 k
91% 93

251,

90%
62%

91
62 7g
101

100
•4
76
11

17 's
77 k

17%

75
19

',4 'a

41

113 V,
112k 113
37 '4
34 '4 38 k
•237 215 J245
93
92 k
92
180 181
182
198 m8
194

96 '4
42
114

40 Vj

159

104-'4

10334 1041

41%

90 '4
240

94

94

94

62
102
4

61

•98

106

em
•99
•3 '4

33
12'.,

240

92%

246
923,

173,

71%

1178

42^4

92

17%

27
98
61

38

41

31% 32%

92
26^8

76%

113% 113%

90%

71

75

93 '4 94 14
4Uk 42

411.,
"

115% 1L6
4l'%
40% 44
246
•240 240
92 k
92
93
lb4
18l%183
198
19HK. 194
•-.

40

238 k 240

71% 71k
25% 2634

76'4

31% 32%

46 '4 49
4034
•8934

18

1734

163

110% 112%

33%
91% 91%

19%
78% 79%

19% 20

73% 79 k
120

126

125

14

13%

96%

96

98 k

82 k
33 k

81

813,1

93

94

42% 43

143,

33% 3334
9lk 92 V.
31% 32 14
92% 94',

92 k

31% 32%

42
113

113% 114

43

240

250

Highest

Lowest

Aug 30
Aug 60

12

24

38% Sep

68%MaF

16% Oct
69 % Oct

96

85

3678

J'ne

Jan
Feb

96V, Mar,

Aug 43% Feb'

20*4

Oct 12878 Jan

100

37% Jan

17% Oct

Sep 317g Jan
Sep 48 Jan
Oct 122% Jan

15

24

79

Deo
Aug 104% Jan

155

J'ne S159'4

6534

83%Aug 95% Feb

22% Jan
64% Jan
3234 Feb
66% Feb
27% Feb

Dec

9
36

J'ly

16% Oct
27% Sep
12

J'ly

40% Nov 62 Ma;20 Sep 38% Feb
14%Oci 29% Fe^
33 Nov 66%F<
i204 Jan 235 Fe*
Dec

7

360 V, Nov
33%,Oct

F<

83

87% Feb

76%Maj

17% Nov 4134 Jan
60% Not 93 Ja»
25% Aug 46% Feff-,
82 J'ly 98 Fefe
24 Nov 4i%J*r
171 Aug 235 F».

,

.

6

J'ly

2% Get
10
4

Oct
Oct

16% Oct
6

J'ly

11%J»'
37% Ja'
1134 Jan
42% Jan
1934 Jan

23% Nov 48%J6»
10% Oct 31% Feb
67% Oct 9534 Fe*
2% Mar 5%Fe^
14%Sep 24% Jam
5278Fdfc>

36*4 Oct

80% Oct 99%Fek
90 Aug 126 Ma».
80 Sep 98% Jan
3% Dec 20 Jan
38 Dec 69% Feb
107% Oct 134% Jan,
116 Aug 123 Deo
117% Oct 169 Feb
7

.

% Oct

14% Feb:
Oct 80 Jan
Oct 125% Feb
Sep 225 Jan
Oct 15%Jan^
Aug 55 Jan;

65

58

42',

249

92%

92% 93

181% 183% 184 184 k 183
192 197
196k 197 •194

927,

184
198

0;-i

54.079 19%J'ne 9
8,875 43kNovlO
14.760 71 Nov23
10,600 cl51 J'ne20
18,750 10i4May26
4,955 64% Feb 9

b9% Dec 2 20
6634 Deo 2
90 NovlO
194% Nov22 136
23 Nov 16
9
7934

Nov 15

J'ly

3434

Sep 204
J'ly

Jaa
Pe»?

1979 Jan'

Nov 74% Feb
28 Nov 73 Ja»
28 Dec 46% ^a*''
70 Oct 89%JUl;
67 %

500 26 Mar 1 70 k Oct 17
500 28 Sep 2 41% Nov 18
300 71% Feb 9 87 Nov3o
2,490 36 Jan 4 69% Nov 15 32 Oct 47%?*^
340 100% Jan 16 117 Nov26 94 Oct 10678 Majl^
6.350 14% Feb 2
2 6 '4 Oct 3
10%Nov 29%.F«0
9S Oct 20 75 Oct 95 Few
300 80 4 Jan 2
6.700 120 Feb26 104 Nov2s 105 Go* 177 Jft^
New York Air Brake
6,539 80 Marl2 107 NovlO ea Sep 124% Jac
North American Co., new
10,320 24 Feb 2; 65 Novll
17 Aug 42% Ji.
Pacific Mail
8734 Sep 108%iFt>eop. Gas.L.<& C. (Chic.) 108,255 9234 Marl'. 112 k Deo 2
17,470 24 >4 May 111 44% Oct 17 22 Nov 65%J»»
Pressed Steel Car
8,850 67 Mayll. 91V, Nov2o 62 k Nov 95 P»
Do prof
2,673 '209 Mar 14 244 Nov30 190 J'ly 23j'W J*.
Pullman Company
9,510 16 Mayl8 o3 Nov 17 16 Sep 87 :
Steel Spring...
i>aUway
9.110 7134 Mar l(i 92 Nov28 67 Nov 90 ,' :-.,
Vdo pref
6 Maylti I8I4 Not28
KepubUc Iron & Steel ... 30.985
5% Nov 22%J: -,
18.274 37 May 13 73 k Nov28 36% Nov 80^^..Do pref
26,960 1434 Apr 16 '27% Deo 2 12 J'ly iO
Rubber Goods Mfg
3,398 7 4 '4 Jan 15 98 Deo 2 60 J'ly 84%."Do pref
2,400 31% Jan 7 <;6% Novll
Closs-ShemelU St. & Iron
22% Oct 72 .2-'
400 77 Jan 6 102 Nov3o 67 Nov 97%*:^
]3o pref
3 Nov 18
800
34 Mar 4
Standard Rope & Twine..
34 Sep
6 % Fe»:
Tenn. Coal, Iron & RR... 41,091 31%Mayl6 77% Novl7 25 % Nov 68% Mar
300 25 May 10 39% NovlO 22 Aug 4034 Jaa;
Texas Pacific liand Trust
1,615
3% Aug 19 13'4 Nov22 4kJ'iy 15 Jan
Union Bag & Paper
615 45 Fob 2.1 76 "4 Nov26 5734 Dec 7934 Jan
Do pref
6%MaylO 20 Dio 2
U. S. Cast 1. Pipe & Foun. 23.081'
6 Sep 15 Feb'
27.326 40 Mar24 »0% Nov3() 33 Nov 55 Feb
Do pref
United States Express... . , ^9y lUO Feb 24 J128 Nov. 8 93 Aug 60 14 Feb,
58, '266
6%May2/ 16 Novz 1
United States Leathier
6 Sep 16 •4 Feb
13,603 76% Jan 4 98% Leo 2 71% Oct 9634 May
Do pref
6.420 43 J'lylli 84% Xov22
U 8 Realty ifc Iiupiove'ul
6,100 10k Feb 6 34.^ Nov -8
United Slates Rubber
lO-t Feb
7 J'ly
7.640 41 .Jan 4 92.1 Nov. 9 30% J'ly 58 Feb
Do pref
1.0'lti,b34
h'sMayl. 32% Nov3i» 10 Nov 39% Feb
United States Steel
46(i,Ol)2 6II4 Mayi;> 9i)'4 Nov 26
Do pref
49% Not, 8934 Jan,
00% Feb
ViTKinia-CaroUna Chem.. 15,136 2234J'ue29 4 4 Novll
7 k Sep
lli
116 Nov;.9| 80 Aug 1 28 k Feb
Do pref
2,8
97% Apr Hi
Virginia Iron Coal <& C. 23,440 ISi-iteep 7 44 Nov29 17 Sep 39% Feb
CO }200 J'iiol(> 2.jO Aug2:)! fl9l J'ly 249 k Feb
WeU.s, Fargo & Co
ost'n Union Tele'gph
80 '4 Sep 93 Jan
4,287 86 May 19 9:! Oct 1 7
Wesl'gh'seElc&Aligassen
9.825 163 May 'z 1 84 k Deo ll 130 Oct 221 Jan
1)«
501. 180
Sep I224 Jan
latDPPf
An(tl7 193% Nov28l 16
li

"-i

%—

O

BANKS AND TRUST COMPANIES-BROKEliS' QUOTATIONS
Banks

Bid

Ask

Nassau
Nat City

Boron ghH.... 135
Broad wayli.. 300

136

BrooklyiiV

"146

Cou'yl<&BB^

Tan
*
t

Sid

130
140

A$k

376
290
North .Sidoll. 225
I'eople'sli
290
17 th Wardli. 160
'200
Sprague
Siuyvesantl 185
Unions
165

I'^ust Cos.

Bid

Atk

CITT
(Jankers' Tr. 325
N. T.

Manufactrs'. 345%
MeclianicsH . 280
Merchants'.. 130

•BOOKLTN

..

Unnks
BBOOKLTN

Wash-H'litsD 200
Wesisidoli.. COO
lorkTlUeli .. 400

Bowl'gHrceu
410
310

121734

,

TruHt Co% Bid Ask
Farm Ix> A Tr 1350 1400
Fifth Ave Tr 625
650

Guaranty Tr 645
Guardian Tr 173
915
375
475

Broa<lwayTr. 162 k 167% Kuiok'rb'k'r
Lincoln Tr...
C'lU'tyBATT 830
Manhattan ..
Central Tr'st 2160
Mercantile ..
City'lYust... 310 320
Merchauts'..
C^olouial
320 330
MctropollLaii
Common w'th 65
60

Tr

200

Kajitoru

176

Empire
220
KquitabloTr 603

380 400
Wallabontll
155
Bid and asked pncea. 00 sales on this day. i Less man lot) snares. %
Bale at Stock Ezchan ge or at auction this week.
Ex stock dividend,
.

\

Jani
Jaai

1

113%

41%

41% 44
•243

M

•3% 4S
75% 76
•37% 39
11% 12
S74% 74%

19

77 '4 80
74%
79% 801*
•12it
120 126 •120 126 •121 126
14 '9 14%
I414
14
13% 14% 13%
94''4 93 k
96 1^
95
95
96% 95 k
81'g 82
80% 8H4 80^4 82% 8 134
Sl'V
34
33
3i
33% 33% 33 >«
92^ 9134 92% a;91
91.
92

31% 32-%
93% 94%

Highest

223
185 Mario 229% Oct 19 170
Brooklyn Union Gas
6 J'ly lb 11
Deo 1
10% 11%
7i680
5
runs w. Dock <& C. Imp'
3,810 47 7e Feb 19 60 Not29 40
59% 60 Buttenok Co
567, (Colorado Fuel<fc Iron... 184,750 25 k Marl 2 .=)8% N*T28
55%
24 Nov 82% Jan
9214 NeT29 63 Dec 122 Jan
•93%
600 63 Apr
> Do pref
16% 16k CoL & Hock. Coal & Iron. 10,160 8 J'ne28 1734 Not30
9% Nov 22% Feb
215% 2I6I4 Consolidated Gas (N. Y.). 44.486 185 Feb 8 220 0«»19 164 Aug 222 Jan
130 1* 130% Continental Tobacco, prel 15,1
lOlVjJan 4 131 Deo 1 94% Aug 119 Jaa
23
17,739
934 May 9 26% Not IB
23% Corn Products
15% Nov 35 MalE
4,211 66 Mar
82% Not16 60 Nov 85%Ja«J
79% 80
Do pref

1G3\

•37% 3a
"75" "75"
19
19%

12i<

75

i\

75%

•37% 39

12 k

75

103

3%

4%

I2I4

61

61
101

77%

75

49^8

4734

91% 91%
17% 18i4
71% 721.
2434

162

104% 105% 104%

k 49 14

Lowest

,

49 '4

110%112'4 lll%112'4 110 k
40 v, 413^
40k 41% 40%
90
9014
8934
90
90
240 240
237
235% 244
323,
33% 33% 33
33 >4

11 03^

40% 41k
90% 91V,

31=4

40 k 40',

Week
Shares

218

222

1034

•68

109

163

'

Jiange for Tear iyu4
Kange tor FrevxQut
basii oilOU-share lots
Year (19U3)

Ox

A

1(13% 100

4 '4

1G34
747b

the

)

2srs

&

128% 129

164

.

1

2578 27 St. Louis Sonthweslem.. 12.000
9kJ'ne 1 27 Deo 2
22,660 25%J'ne 1 58 k Dec 2
54
55
58 k
Do pref
135 .S60 41kMarl4 6H34 Novl6
ee's 67 7(
66% 67 Southern Pacific Co
7,6.-0 113
117 118'( 117 I17I4
Sep 12 11878 Xovlo
Do pref
35% 36% 35% 361, Southern v.tr. cfs. stmpefl 279,7(15 I8I4 Feb24 363e I^eo 1
6,720 77 k Jan 6 96 Sep 9
95% 9u\
96% 95%
do
Do pref.
20(
•96% 98
98
90 Feb23 97 Novll
M. <fe O. stock tr. ctfs...
25,600 20%J'ne 7 38%Novl4
S6% 38
36% 37% 'Pexas <ft Pacitlo
'130 133
*131 133
1 16
I hird Avenue (N. Y.)...
Marl 4 134 Oct 22
•22% 24 »* 22% 22 k Toledo Railways & Light "706 17%J'ne21 27 % Oct 2
373^ •36% 37
37
N«v30
Tol. St. L. <fc W. V. tr. ctfs 16.200 2l%Mny27 38
56».
65»4 663,
66
Do preL vot. tr. ctfs. 23,230 32 Feb 24 67 >4 Nov30
10634 107% 106% 107
2,692 87% Feb 23 j;10794 Oct 3
Twin City Rapid Transit
158 Aagll 4165 Nov 4
Do pref
382.665 71 Marl 4 117 Nov21
il5% il6k ii'e" iV5% Union Pacific
2,506 a;86kFeb25 9534 Aug30
96% 95% •94% 93%
Do pref
22
35
24% 26 DnltRyslnv'tof SanFran 8.037 9 Feb 17 25 Dec 1
6634 68%
8484 42%Aprl9 69 Deo 2
68% 69
Do pref
11,300 16 Mayl6 '25 Nov 12
2314 23% Wabash
23% 24
10,4(10 32^4 Feb24 48%yovl8
46% 4714 46% 46%
Do pref
•20
1,600 14%J'lyj5 22% Not 14
20% 21
31
Wheeungifc Lake Erie...
1,410 37 J'ly 27 5'2%JaD23
47% 47% 47% 47%
Do 1st pref
•29
•38
700 21%J'ue29 32 Not 16
30
31
Do 2(1 pref
8,330 16 J'ne 6 25 Nov 1
23% 33% 23% 23% Wisconsin Cent. v. tr. cfs.
3,49U 37 J'ne 6 49%Not18
47
47% 48
47 k
Do pref. vot. tr. ctfs.
lYIiscell
Indastrial
10 {220 Feb 2 250 Oct 29
}236% 235 k •236 248 Adams Express
19T91
4300 6 Mar22 21% Nov21
19
19
19
Ili8-0halmer«
1,600 39kMar'25 71 Nov26
70
70
69% 70
Do pref
490.675. 43% Feb 8 8234 Dec 80% 82% 8O34 32% Amal gani ated Copper
33% 34
33% 33% American Car & Fonndry 20.440 14% J'ly 1 34% Nov29
11,303 67 Jan 6 93% Nov29
93% 92% 92% 923i
Do pref
1,700 24%J'nel4 35% Nov 16
83% 33% 33% 33 >, American Cotton Oil
840 8834 J'ne 6 97 Not
93
93
33% 93%
Do pref
3434 Deo
23
32
33
34%
^ 211 211 American Dlst. Telegraph 2,200 ISO Aagl? 219 Nov22
210
•210 213
J'ne 2
American Express
1,500
10 American Qrass Twine
6 Aug 3 1134 Novl9
9% 9k
9'4 11
»% 10 >4 Amer Hide Leather... 19.896 3% Jan 6 11 Dec 1
27.576 11% Jan
42% Deo 2
89
40% 42%
42
De pref
8,480
6%Mar24 93, Nov21
7% 8% American Ice
8%
9,880 24% Mar24 42 Oct 17
zf' 39 k 37% 383,
Do pref
600
1634 16^4 •16% 17% American Linseed
7 J'ne 2 20% NoviO
•38
•38
22% J'ne 1 42 V, Nov 16
42
42
Do pref
48,320 16% Jan 6 36% Not28
34% 35 14
34% 35 American Ijocomotive.
4,126 76V, Jan e 105 Not26
103 Vi 1033, 103% 103 k
Do pref
4,575
7% Not 18
2kJ'nel6
6% 6% American Malting
6k 6 k
9,990 16 J'ne 3 28 Not 18
27% 27% 27
27
Do pref
82% Not28
81% 82 4. 81
81% Amer. Smelt' g & Eefln'g. 57,710 46 Feb
2,8S8 8834 Jan 6 115 Oct '24
113% 113 k 112% 113%
Do pref
*160 170
110 Jan 21 170 Nov 16
160 170 American Sntiff
700 85 Jan 6 99% Nov30
•98 100
99
99
Do pref
14
15
14% 15 14 Amerloan Steel Fonndi's. 12,300 3%J'ne30 15% Deo 2
7,954 36 J'ly 7 5714 Deo 2
68
50% 56
67%
Do pref
14979 161 >« zl48 149% American Sugar Beflning 133,500 122% Mar 7 153 Nov 17
9li0 123
139 139
Jan 4 141 Nov IS
Do pref
2.160 121
147% 148% •147 148 Amer. Teleph. & Tele.e.
Feb 16 149% Nov 29
94% 95% 96% 96 Amer.Tobao. (new),ptctfs 66,864 85% Not 3 96 Deo 2
10.040 10 Jan 4 25 N'ov21
23% 2334 23% 2334 American Woolen
•93
855 69 Jan 26 94 Nov2»
93
94
94
Do pref
6,900 61 Feb 20 120 7e Not21
115 116
115% 118k Anaconda Copper

163

77 k
38 k

82
34

21534216

26%
55%

2534

l(i3k 10418
it's 45^4

4^4

81
84

17%

EXCHANGE

3<

76''4

v>

66% 67%

*92Vj
17

Dee. y

Sales oj

STOCK

215% 217
130 131
129 130
23% 24
23 k 24
23% 24
81
81',
81% •80
81
81
36 V, 38
393, Distillers Securit's Corp.
39
38
39 k
39 k
38% 39% 39
58
653^ Federal MLning<& Smelt'g
67
68
61
60% 62% a;59% 62% 62
76
77
76
80% 79
79
83%
81^4 x79% 30
Do pref
190 Vi 191
1904 193
191 191 General Electric
190% 191% 191 192
19V, 2U4
20
21
19% 2078 International Paper
19% 20 k
20% 21
78
79 k
79
78% 79%
79 k
79k 79% 79% 79
Do pref
•60
60 V, 60 k •60
61
61 International Power
60% 61
•40I9 41
•40
41
•40
40
40% 403« Internat'l Steam Pump..
40
41
•85
•86
86
t-6
90
89
86% i'iU 87
87
Do pref
66i« 55%
66% 55k 55% 65% 55% 65
56
66 National Biscuit
• 116
117
114 116k 116% 116% 116 116
Do pref
23^ 23^4 "23 -i "iiXi 23% 24% 24
24% 24
24k National Lead
•94
•96
•96
97
97
97
97
96% 96 k "95
Do pref

4'«

73-'«

11

60

NEW TOBK

Friday

Dee. 1

23% 21%
81
81k

76 •« 77
•37 V, 3Sk
12^1 12 k

121

9%
69

56% 68%
92% 92 14

16

222

219

9k

60

90 >« 90%

90 >»
235 j237 237
33 V, b37,
33
3S»B
9-2
90
90
17% 18 't
17 >, 18
72
73 k
69»4 71V
25 k
24
24
24
90 k
88
87 Vj 87 Vj
63 14 62 14
62 Vj C3
•99 100
100 100

89
233

leog

222

•9

69

STOCKS

Thursday

163% 164

103Vi

4V

219

1
1

—Cor^oluded— Page 2

STOCKS— HIGHEST AND LOWEST SALE PRICES
Saturday

8

t

865
180

600

11000

210
1632

'4

Morioiii'rusi tooo

Mnt.Alliance 205 •21'.^""
N Y LlIeATr 1000 1060

Trust Co's
N Y.'iccATr
North Amer.
Real KstTr
t

Ask

Bid
700
260
325

Ktan<iard'rr'l 3,'i0
'ritleUii I't Tr tG0O%
'lY<;oof .\m. 60.>

TruHi Co'9

I'lalbush

•2«a

3ac>

Nassau

Ha-iiiltiiu

L

1

225

I

si

'....^

160
31» .>35
4I» v..

Kings Co

Van N'lkiuTi 216

LA'I'r.

25«

I'uople's
Washington. 1430 '4
Windsor
190 '206" Williamab'g.

t£x rights.
Kx divi.lon tlauit rights.
j Trust Go. ceriiiloate.<t.
'J Banks marked

A$lt

Brooklyn Tr 4or l...^
Franklin

310

union Tmsl 1350 1400
US.UtK.fcTr 445 ktii)
Unit Stales 1460 500
.

Bia

BBOOKLYN

265

3'JO

•

2M

1

with a paragraph

(H) are

State

Qi«.

i..

.

"New York Stock Exchange— Bond Record, Friday, Weekly and Yearly
0«JCL'i'VIN(i

FOL'lt

I'A«;K<

'ttC

l»OM»S

UO.NUS

Price

Y.

'A

Week's

fVidav
Dec 2

STUCK KXCHANGK
Week Endinh Dec

M.

Ranye or

Jiange
Since

Last Sale

January

Atk Low

Bid

Low

Hiyli

J

IJig/i

O. S. faovcrnnient

S

«U
3b consul
V e2H consul cuupuu
B Sflrojnslcreii

tU'XSO
fcliU

•JI

•37

'V

e Ssoouiion
38

ti

rej;

tl'.Us

small

ftl'.iOV

V 8 48Couiion
VJ

IH'JO

8 48 registered

19'2r.

'.^iilipplii« islands

43.1914-34

Forcii^n iJovcrniiiciit

aVaakfort-on-Main 3128 ser

1.

M-S

are pric s on
iSt>j)AneiBe Govt 6s ctfs full paid Oct
'ia«pub of Cuba Ds ctfs full paid Sep
•JJ n 01 Mexico 8 I sj "8 "' I'*''*-' W-J
t 'I'/iese

tr

State Securities
A 4 to 6

19UU J-J
19uti J-J
19Ui: J-J

iiA.labama class

Claae libs

C1M8C48

ly'JU J-J

'OuTrency tumling 4s

3-658. ...1924 F-A
coneol 4s.. 1914 J-J

;®Ut ot Columbia

new

SIioalalaDa

Small
Carolina coiisol 4s. 1910
1919
6e
1933
i»»CaroUBa4'i28 20-40
TS'iSQH new settlement 38. .1913
.STortii

Small
Virginia fund debt
vS« deferred

2-3s... 1991

Brown Bros

MlilGa&Atl Div

1947
1940
1()4M0634
Mobile Div Istg 58
10434 108
Oeut of N J geu'l gold 58. 1987
/il987
BegiBtercd
104'8l07l8
104'«...
105«bSep'04
Am Dockcfe Imp gu 58.. 1921
I05'«l05'j 101)38 J 'iy '04
10014 I08I4
Le & Hud B gen gngOs 1920
\m\ 106»< 104 "a 104"-.
104 4108
Leh &, Wilks li Coal 58. .1912
130 44 131', 131 'b Sep '04
131 'a 132^8
yVJlU
Con ext guar 443
131
130',
131', 1 30 'a
130'tl34
N Y <ft Long Br gen g 48 1941
loa
111 Oct'04
110411134 Cent Paclllo See So Pacilic Co
Chas <fe Sav Bee Atl Coaat Line
Ches <fe Ohio g 6s ser A../il908
t93i4 ..
1 95 la Feb '02
01911
Gold 68
the basis 01 10X1,7 marks to
ne do Liar.
1939
Ist consol g 58
91^4 Sale
o35 89
95 1-2
1939
Begletered
240 984103 4
10208 Sale 102'a 103
1992
General gold 448
noo
ty7>aJ'iy'04
974100 4
1992
Begistered
luse are pr ices n the aaU 0/ $oto £.
1940
Craig Valley Ist g 58
A Div l8t con g48.. 1989
102i4Sep'04
102 >«.
102 102'4
1989
2d consol g48
10y'4Oct '00
1021s.
Warm Spr Val lslg58..1941
102'2Mar'02
101 .
Greenbrier By l8tgug4s'40
111 Mai'O'J
Chic& Alt BB ref g 3s. ..1949
11934 Oct '04
11934 11934
119>a.
Haitway 1st lien 348... 19o0
102i4J'ly'04
106 "a.
1024 105
1950
Begistercd
10y'ai''eL)'9y .CUic B & Q— Ch & la D OS 1905
102\103', 102i4Sep'04 ... 10 i" io2 4
1922
Denver Div 48
136>v!J'ly'01
1949
Illinois Div 348
V20 Mar'OC
1949
Begistered.
96i-jNot'04
96>9 99
iJ64 97
1949
Gold 4s
95 Aug'04
65
95
95
Iowa Div sink fund 58. .1919
96 '4 Sep 'U4
97^
1919
914 964
Sinlang fund 48
9 Nov'04
1\,
9
64 9
Nebraska Kxtension 48.1927
192
Begistereil
1921
Southwestern Div 48
Jomt bonds See Great North
1913
Debenture 58
Han <fe St Jos consol 6s. .1911
08....

1

bonrts-.fcl'.tl^^^

'V 8 Seoou small bonds. .fcl'.U>
/illiUT
tr 8 is rejnstered

^8 48Coiii)on

104 la 107 14
104^*10614

104 lOlVj IOBI4 AnB'04
104 Hi 105 104i.jNov'04
104 Si 10ft
l()4'aAng'n4
104 "a 106
1 043«
10 \
107 J'ue'02

resiHtere(t.rfl93()

J-J

A-O
J-J

J-J
J-J
J-J

ctfs.

B&

(

Uaili'oad

t

Cent Hee So Ry
<CT.labaAlidl See At Coast Line
^bauy <& Suso aee liel & Hud
Ailsgheny Valley Hee Peun KK
»4

latjaima

AU«g & West
Ha ArborS Fegen g
g 48

See Butt

ategistered
fieglstered

Stamped

Secies

D.19u6

E
P

1907
1908

H

I'Jlo

FA
FA
FA

1911 F
1913 F

iSeries 1

-SerieaK

'

EastOklaDiv Ist g 4s..l9i;8
& Not IstgSs-.lyib

A.« K-nox

m
J

A
A
b

D

flWiautic Coast Ist g4s./ilHD'2 M-S
01i&rle8& 8av Istg 7a.. 1930 J-J
'
Ist gold 6s. .1934 A-O
Savi<'<fc
--,
193 4 A-U
.let gold 68
J' ,j Ala Mid Ist gn gold os \d26 .M-N

W

ft

.

je-ruus*

Wist gug 4s

193a J-J

3USpOca<feG gug4s 1918 J-J
jji.tlaatic <fc Danv Hee Soulli lly
Atlantic & Yadk Hee Sout!i Ky
•

-

wtLoBtiu

Bait

&NW

(fc

See Sou Pacilic
Ohio prior IgS^as. 1925 J-J
/il925 y-J
/il94S A-O
ftl948

Sagistered
.x-Sold 4s
'Begislered
"Oonv deb 48

yj

W

L E <te Va Sys ref 481941
'aontiiw Div Istg 3 "as.. .1925
Kegistered
7il925
.^;Monon Biv 1st gu g 58..1919
•<OenOhio B 1st cg4'28..193u
<eitt8 Clev <fc Tol ist g 68 1922
*ltt«<«i West Istg 48. ..1917
V

J

P

M

<fe

3*1 Creek &

Co
ti

Sale

9413
9918
lOQS*
99'^

See

"a

941*

98

3

9934 Oct '04

99 la Nov'04
97 1-2 Sep '04
984
98 i-i Nov'04
98>8
9718
97 Oct '04
97 la 9838 99 Nov'04
111
1 12 li Nov'04
99=8 Sale
99 '8
99 "a
137
Nov'03
125 h
1271a
113'6

113

96I4
yT^a

115

11258 Jan '04
114'4 0ct '04
9734 Oct '04

96i« Sale
Iu2

108 "a Sale
102
91^sSale
100

J-J
y-J

J-J

10li4 0cl'04
9138
91
9934
99

94

93

.\I-S

1151a Sale

105'iiMar'04
108 Sep '04

119iiMar'04
100 Nov'04
100 Sep '04

Mich Cent

N YC& H

See Illinois Cent
3eliev <fe
3ilyn <& Moutauk See Long 1
West See At! Coast L
;,®rans <&
.3&flalo a Y & Krie See Krie
P gen g 5s. ..1937
n^olfalo B
Ail <fc West 1st g 4s gu..iy98

Gar

&

1943
Cldi Mail IslgugOs
Boch<& Pittelst g 6s... 1921
Cousoll8tg68
1922
ISatt'alo <& Southwest See Erie
& »usq Ist ref g 48.(21951
iSaS
/SJarOedar B & No Ist 58.1906
Con Ist &collru8tg68.. 1934
Begisteretl
1934
'•CKIF&K Wlstgu 58.1921
Stlilst gug7s
ly^7
'< 'Wroada South Ist 58
1908
1913
't^ad 58
•aegistered
1913
'

M&

A-O 100
J-J

FA
J-D
J-J
J-D

91 '8 98
98^8 104
99 10334

1151a

Apr'97
121>aMar'04
123'iAng'04

A-O

9!)i4Oct'04
1033^
12008

103-18
120'-. I'JO

llO^-i

120'2Mar'03
112 Sep '04
1-2

J-D
J-J

104 la Sale

M-S

lu7

MS

& Shawn See III Cent
Cent See Seab Air L
Oftrtkage & Ad See N Y C & H
S»dBlal<&N SeeBCRikK
Veo Branch U Pl8tg48...1948 J-D
Oeu litauch lly See Mo Poo
uDvn BB<& Bol(iacolg68l9S7 MN
*i>»nl of Ga BB Ist g 68. .pi 945 F-A

lid's
U)0-'4
1

Des Mo & Minn Ist 7s. .1907
Milw <fe Madison Ist 6s. .1905

118411718

107

1024106

107

lO-if^log
106 107

J'lj-04

4

'Sarb

Qftroliaa

Cousol gold 5s
Begistered
"Uetprel income g 68

Sd pre! ujuome g 5a
3d pref income g 68

1945 M-N
1945 M N
pl945 Oct
}>1945 Oct
pl945 Oct

1134

93^

110

lOOV.

122

l'.'0'4

110
Oct '114

Sale

111
107

111^4
J'iu-04

P3»4

119
11;

90
73
60

Sale
Sale

62 H,

>

90
69

la

0434

90

I06''8ll24

1164

12034

10334 114
105 4107
90
6534 y3
74 '8
73 15!
23
6434
18
654

llUS^CUI.IiANKOLIS
Street

96

DesM

1st 2

J-J
J-J

FID

DesM

M-N
A-O

BONUsy— Continued on Next

994103
72 4 8534

1073p!iy
100 ,00
100
S2

iv

s:)

794 fo
90

1124118't

112411s

115 4119
.\pr

«

Duo

..lay

103
104

1064

1064

1064109»4

1114J'ly'04

10941114

102

10434

100

118
1184
117 4 Oct '04
1074 108
103 Apr'Ol
112 May '03
102
102

J-J
J-J

FA
FA

J-J
J-J
J-J

984100

984 Sep
1064 Oct
95 4 Sep

84
843,
82 4 Salt

1004...

10141014
96=8 974

lOi

83
82

11434

821..

10634

,

944 984
59
150

8334 Apr '02
10434 Apr '00
Nov'ii4
101
96=4
97
1053^

Aug'04

A-O IO834
1093, Apr '04
A-O 101
102 Nov'04
M-N 105 4 Sale l'J5 4 105 4
M-N
105 Dec'03
il-S
994.
10034 Feb '04
,

FA

132*8

MN
M-N
MN
M-S
J-J

MN

1174
120
117

Apr '04
1184
Deo '02
Sep '04

964 964
!il4 854
744 8234
99
91

03
97

90 4 ei<%
05'4
105
10934

0934

1004 024
1034 07
100

oon

105

084

1124 16
106% 084
129

29

1144 20
1124 17

132'% Nov'04
116 4 Nov'04

1264 32S
1114 164

1

108
169
109

115'8ll7
IH'>81124 lll3bNoV04
177'% 184
84 Oct '04
1114
111 Oct'04

110^Nov'04

llO'g

109 4J'ne'o4
97 4 Oct '04

11741174 1164Apr'03
1197g

112
118
11234

1324

119'bNov'04
11234 Sep '04

1174 117«8
1154 112 4 Nov'04
137

L17

107

11«»

81
11

1074 10%
1094 094

974

98»8

11538
109"%
11434
10934

19',
12»4
17'^

11638
106
169

184

4 J 'ly '9'."

116^8 Oct '04

124

06
106 Aug'y4
69
169 Mar'04
1154
113 Aug'04
1124 13
107
1073eOcl '04
106
()7H
112
112 N0VO4
1104
1114113 111 Sep '04
10934
116^8
115«fcSep'04 «2 114
16»t
1104
112 Sep '04
11034 12
1164
lls4 0ct '04
1144 184
1284
1304 Oct '04
l-^7«8 3U4
104 4105 10478J'ue'04
10234 05
102
May'04
102=8
10238 02%
99
9^3 100 Oct '04
964 00>«
103 Nov'98
115 4 Nov'04
1114 18
111 4 Dec'03
110
1104 1104
1084 10%
07
107 JIai'04
106
10334
103»8 08
10358 Nov'04
1024.
104 Mar'04
104
044
IOS4.
110 4 Oct -04
107 4 104
109
108»4 08%
10334 Jan '04
1154.
118 J'ly'04
1134 18
1144
Nov'04
115 4
1144 16

\^

.

10634

.

104 4 Nov'04
105 4May'04
1 05 »8 Nov'03

1044 04%
1064 05%

.

109^4 J'ne'04

.

123

i094 12%
126\ 29%
1174 194

.\1-S

M-N
M-N
M-N
M-N

Oct '04
1 12 4 Oct '04
108 Nov'04
108

129

118

99 4103

'04
'02
'04

8434

1204

113

10041084

90 4 Apr '04

104''8.

10439

108
128

1194.
130'e

.

1334.
1014.
102=8

.

1204.

128

1194 Nov'04
142 4 Feb '02
133
103
109

133

Apr '04

Sep '03
1244 Nov'04

13134

103
121'%

30
24

124
106
107

N0VO4

97

J'ly'04

97

97

M8y'04
May'04
May'04

90

96

93

94

96
93
90

93
90

8134 Sale

81 4

12378

.

106

.

984
964
944
94\

120

06%
1064 23 101
Jan '03
1014 1014
1014 Sep '04

e2»4 1648

7u 4 Sep '04
94
95 45
94 4 91
lo7
105 Oot '04
105 4.
103^8 Jan '04
994
964 Oct '03
loo
96 Sep '04
99
9S Jan '04
.

90

664 S2%
7034 764
73
964
10438 105
103 4103%

1034.

10634 J 'ly '04

95
95
9334 98
1044106*4

91%

92
91%
115% Sep '04

89
114

.

.

A-O
.MS
J-J

Sale

11534

98
121.4 117 4 Oct '04
94 J'ne'04
96
106 Oct '99

9734 ^afe"

J-J

US

J-J

i0ti34'

FA
FA

l-3RylAlI<tPl8tg6s.l937 M N
Paul City Cab con g 68. 1937 J-J
Undererouhd Eleo Rys of London Prolii sharing 6s. ..1908 J-D
Union 101 ((Jhic) 1st g 5b. .1945 A-O
L lilted BBS Suu F'rsf 48.1927 A-O
United By8 St L Ist g 48.1934 J-J
\V Chic St 40-yr cons g 58.1936 U-N

9734

92%
117»4

93% 99%
110
94

121
96

iy64N»v-04

1034106%

110

S

iia.»

1364

li:74l334

1114U4

Paae.

."Viet

Atlanta

1364 29 128
Oct'04

Kailway

St By—<'Con;Ref g 4s2002
Lex Av <fc P F Ist gu g 5s 1993
Third Ave BB con gu 4s 2000
Third 2Vve By let g 63. .1937
,otWS El(Cluo)l8tg4s.l938
,.
\'i'l El By & L 30-yr g 5s. 1926
•li'' m St By 1st con g 58. .1919

Jy'..

104

10741074

103
10l'»

9534

1905 J-J
19U5 J-J
1923 A-O

Ist 5s

lOi

133 4 Nov"04

IIOS

iBt 4ti....]905 J-J

48

Street

awwklyn Bap Tr

13612

102

M-S

1917 J.J
J-J
J-J

Extension 48
KeokiS;

Kailway

1945 A-O 1074108 107% 108
g 5s
Istrefuuil couv s 43
2002 J-J
84'% Sale
84 4
85 4
BkCily Ist con 53.1916, 1941 J-J 109%
109 4 Nov 01
Bk y Co cfc 8 con gu g 58.1941 M-N 103
106 4 Nov'04
iBklyu Uu El Istg 4-58.1950 F-A 109% Sale 1094 110
JilngaCoEl Istg 48.. ..1949 F-A
923^
92
9234
03
ICaseau Elec gu g 48
1951 J-J
894 Sale 89
89 4
CHAy & S By Halt Istg 58.1922 J-D
Oocu By&Ll8t<fererg448'51 J-J
99
99 Nov'04
.l)ou Con 'I'r Co Ist g 58...1933 A-O
96 J'lie'OO
.Deu Tram Co con g 68.. 1910 J-J 106%
at©£ By Co Ist gug68..1911 J-J
-Det Cit St By Ist Cong 5s. 1905 J-J
103 Nov'Ol
Or Baiiids By Ist g58...ttl91G J-D
Jjaxnuliy Co Ist con g68..1930 J-J
109 Mui'98
net St Ky gen col tr g 58.1997 FA
118 11734 Nov'04
Bway<fe7thAvl8tcg58l94:i J D 117 119 118
118
ColdsythAvlstgu g 58.1993 M-S 120
118 4 Nov'04
"•JJo price Friday; latest pnce tins week, a Due Jan
li Duo

<fc

Feb "04
J'ue'99

1074 Aug'04

A-O 1064 Sale
A-O 1094
M-N llftagSalt
M-N 1144
M-S 1 07 4 Sale
M-S
JJ 1134

.VI

1988
19>8
Begistercd
CoU trust Series C 4s .. 1905
1910
H4s
1915
M48
1916
N48
191S
P48
Chic B I <fc Pao BB 4s. .2002
2002
Eesistered
1913
Coll trust golil 5s
Choc Ok & G gen g os .ol919
1952
Consol gold 53

I

101»4

1214124

Begistered
General gold 4s

Since

January

Low High
924 94*4

9434 Nov'04

102

103

Winona St Pet 2d 78. .1907 -N
MU L S & West Ist g 6s 1921 M-N
Extife Imp sfund g5s 1929 FA
Asliland Div 1st g 68. .1925 M-b
9741004
1924 J-J
Mich Div lstg6s
1014 lOS's
1907 FA
Convertible deb 5s
1154122
1911 M-N
Incomes
Chic Bock Isl <fe Pao 6s. ..1917 J-J
11041124
€fc

=

Htyh

104

101\Sale

1910 M-S
North Illinois 1st 5s
Ott C F & St Paul Ist 53 1909 M-S

12141214

Rang*

1

108

W

10434

92»4
90
108
108
110
136 4 Sale

11334 114 4 114

Chicago & Erie See Erie
Chic In & Liouisv ref 6s.. .1947 J-J
1947 J-J
Belunding goldSs
98 100
LouisvN A<feChl8l6s.l910 J-J
9934 9934 Chic Mil & St Paul con 78 1905 J-J
1914 J-J
98'4 99 4
Terminal gold 5s
974 974
General g 4s series A..el989 J-J
eiy8y (J-J
984 98 4
Begistered
9634 97
General g 3 48 series B.el989 J-J
1921 J-J
924 994
Chiccfe LSuDivgSs
112 1124
Chic & MoBiv Div 58. ..1926 J-J
1910 J-J
91 lOO'e
Chic& PacDiv68
1921 J-J
lstg5s
CUic Jfc P
1916 JJ
Dak & Gt So g 53
iy24 J-J
1120811258
Far & Souassu g 63
1910 J-J
109 1144
Hast<fe DDivlst7s
1910
93
93
Istos
1908
9734 98
life D Kxteii l8t7s
1919
Lacrosse & D 1st 58
1910
Mineral PoiiitDiv5s
1910
So Miun Div 1st 68
1909
92^8 963«
Southwest Div Ist 6s
1921
924 96
Wi8<fe MinuDivgSs
1910
1004 10334
Mil<fc No IstM L, 6s
1913
100 103
1st consol 6s
1915
97 1014 Chic €& Northw cons 7s
18861926
874 9284
Extension 4s
1880-1926
9241004
Begistered
1987 .M-N
General gold 3 4s
874 94
.pl987 y-K
Begistered
10541054
Sinking fund 68.. .1879-1929 A-O
1879-1929 A-O
108 109 4
Begistered
1194122
Sinking fund 5s.. .1879-1929 A-O
1879-1929 A-O
98 100
Begistered
1909 M-N
100 100
Debenture 58
1909 M-N
Begistered
1921 A-O
Debenture 58
1921 A-O
Begistered
1933 M-N
Sinking fund deb 58
1933 M-N
Begistered

874 98

103

97
100^4

118 'a

1161a

6
2b
169

Atk Low

Bid

1334

824 824
874 954

....

lioia
124>»
124

A-O
A-O

...

....

90'4 J'ly'02

10738.
108 la.
119'a.
100 .

A-O

-

46
96iii
9614
96 Nov'04
103 4 1031-2 108
4
102
102

93^4 Sale

F-A

70

J 'ly '04

93

M N
,vi-s

Qi^^

Aug'04

99

certts

Seeoh Oreek See

97

95

1911 M-S

3 Jufl & M Div 1st g 3 1281925 .UN
2>

98

A-O 10'Z«8 Sale 102=8 193 2U0
101 Nov'04
1995 A-O 101
94 14
94'-_
9414 Salf
/i,1995 Nov
?tiy95 Nov
92
82 "a Jan '04

fViday
Dee 3

M-N 106
M-S 11234 1131
Chic<fc E IUl8tslcur68.1907 J-D 105
A-O 1324
Ist consol g 68
^^^i M-N
1937
117'6ll9
General consol Ist 5s
1937 .\1-N 1174
Begistered
Chic & Ind C By 1st 5s. 1936 J-J 1194

P

/il995 .M-N

aJebeii lures 4s Series

Series

cfe

4s. ..1995

^djustinent g 48

•Series

K

A1995 Q-J

1st

4ft.tCliT<fe

Week's
Range or
Last Sale

/Ttc*

STOCK KXCIIANGE
rf
Week Endlno Dec 2
Central ot On— (Continued)
Clialt Div pnriiiun g 48.1951
MacA Nor Div l8tg 58.1946
N. y.

110

J'ly'04

110

97 4 Sale

99% 99%

87 4

754 87 4
794 88%

87

99'4 19C
97
109 4 Deo '99
Sale
86
87 4 362
884 21
87 4 87
99 Dec '97

and Electric Light
G L Co latg 58. ..1947 J-D

;;Duej'ne ADueJ'ljr

k

Due Aug «Due Oot

p Due Not »Optlon

8«1«

,

.

Deo.

BONDS

Range or

Friday
Dec 2

L<tst

Bid
ABk Low
ChlcAStL Se«AtchT<fcSaFe
Chic St L & N O ,S'ee 111 Cent
See Venn Co
Chic St L & Pitts
13534
Chic St P M & O con 68...1930 J-D X%i.H.
Cons Gsreduceclto 3iv8.1930
ChStP<fe Minn 1st gGs 1918
Nor Wisconsin l8t68...19H0
Bt P & S City 1st g GS...1919
Chicago Ter Trans g 48. ..1947
Chic& West Intl gen K lis <?1 932
Mich ;S«e Pare Marq
Chlo <fc
Choc O & Gnii &ee C R I & P
ClB

H

<fe

Mgold

f

79. -.1905

1937

4HjS

Since

High

1

Low High.

13534

130H 13534

93 Dec '03
132»8Nov'04
1293, Mar'()4

isoiJisi'Hi
12934 12934

123'flNov'04

120

85 NoT'04
lll'8Apr'04

110

.

AC
J-J

.

11234

A-O 100

JJ

D & I Ist RU s 58. ..1941 M-N
I & W Ist KU g 4S.1953 J-J
C I St L & C iSee C C & St L
C iSee C C C St I.
Oin S
Clearllel(l<fe Mah 6e« B R &
Cin
Cin

.

100

.

1141a.

99

.

123 >a

72>*

104^2 Dec '03
113 Oct '0(
11314 J'ly '04
99 iirov'04

.

86V!

111

'4

ini4ii3'4
97

S9H:

1'

W M

WW
CIStL&C

W
W

&

J-E

100*4 101

101

J-J
J-J

liiOSa

100

M-N
M-N
M-S
J-J

i'7
lOO-'Se

.

105

,

Q-F

100»4

.

J-J

J-D
J-D
J-J
J-J

100

/^alHar&SA .SVcSoPacCo
Wal H & H of 1882 1st 5s. 1913
Georgia & Ala See Sea A Ijine
Ga Car & Nor See Sea A Line
Georgia Pacific See So Ry
GUa V G Nor See So Pac Co
Gonv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR

18

993410114
98
98 ig
99»4 103
99 100

113»-2.

126

13234

130

AG

.

99
99
73

Q-J

A-O

Sale
Sale

J-J

99

110^4

116

721a

116
72
88 >a

FA

Sep

'04

130

128

99 >4
73

95

10034

58
73
112 la 112 Hi

Feb'04

116

W

FA

.

AO

56
82

M-N

89

140

ElmCort&No

6'e«Lieh<feKY
1947 M-N
Erie let est gold 4s
1919 M-S
2d eit gold 68
1923 M-S
8d ext gold 41-18
1920 A-O
4th ext gold 58
1928 J-D
6th ext gold 48
1920 M-S
Ist consol gold 78
1920
l8t consol g fund 78
Erie let con g 4e prior. .1990 J-J
Registered
1996 J-J
let consol gen lien g 4s.. 1996 J-J
Registered
1996 J-J
Penn coll tr g 48
1961
BurtN
Erie let 78. .1916 J-D
Butt <fe S
gold 6s
1908 J-J
Chlc& Erie ist gold 6s.. 1982|wi N
Jeff RB l8t gu g 58
al909 A-O
tioug Dock consol g 6s. .1935 A O
Coal & RR let cur gu 68.1922fwi N

MS

931a

67

63

87

80

& Imp

Isl cur68..191

103

100»4
101 la
IO414 J'ly'04
10734 Nov'04
9913 100

89

108 14

37

10414104^4
103 109
94 101
91
83

24

Sep

36

991a 110

'04

117

90
117

100

98

95H2

9-2HJ

37
67 H
46 66 Hj 90
1 10934 117

113'

1131a

I1312

111

113 Hi

116 "a.

117»8Oct'04

113

H7i«

107

114 J'ne'04
11334 J'iy'04
10938 Sep '04

114 114
1123811334

.

1141a.
109\ 110»s
114^1
loOHj

135
132
102

130
101 Tg

Sale

92

Aug'03
102

69 "96'^ 10214
98 Hj 9«H.

9812 Jan '04
91-4
92 590

Sale

92
84
88 Nov'04
8534 83
Sale
94 Ha
95 "37 8834 y534
127 "e Nov'04
125-4 127it,

95

1243,.
104 14.

12134 122

118

103
133
118

113<^

Nov'04
Oct '04
Apr'04

116
103
130
113 Hj

Glut and Electric

114
115»4

102
1

Si

0'J

104
Sale

J'ly '04

II5I8
00

186 Hi Sale

lb5''4

Detroit City

100 101
102 Hj

106

1923 J-J

Det Gas Co con Isl g 58...191H

FA

,

116
69

Mo prlc«Fii<1ar;

11834

latest bid

90H5l91»3.

90

100

53 102

10»

Gold3Hjs
Registered

108^9 11 1«8

106Hj112Hi

187

171'8 19234

Nov'04

9534 100

J'ne'03

Oct

'04

70
7©
102HjlOe

102 Oct '01
104 Nov'04
101 Apr '04
106 Hj .Mar'03

102
101

96I4 Nov'04

123

.

86^8

.

85

96

93 14

106
lOi
963^,

Mav'99
8638
85

sev
86'fe,

93

94 •4 Ang'04
Is Oct '9'J
Nov'OO
10534 Not'04
12412 Apr'04
90 Nov'9h
119 Nov'03
11934 Har'04
93 «8 May'04

8434

80

85

9S

101

y-t

100

.

105 Hj
121^4.
114

.

1:^5

.

122

.

1053, 1071*
124'2l24ifc

118
87

119=4.

V

98

103

Nov'04

102 Hj 103

109 14 111

106

Mar'04

106

loe

1935
1st guar gold Ss
1950
Ind lU <fc la Ist g 48
Intife Great Nor Istg 6s.. 1919
1909
2d gold 58

IO914

98

101

W

102Hjl04it^

107 la Dec '02
99 Hi Oct '04
1i9Hj 11934 119 Hi Nov'04
loo Hj Sale 100 Hi 100 H
70
76
72
70
113 Sale 113
113
87 Hj Sale
86
87 Hj
9934

1921
3d gold 43
Iowa Central 1st gold 68.. 1938
Refunding g 4s
1961
Jetterson RR See Erie
L
Kal A <fe G R SeeTol S & S
an & Mich See
&OC
K C Ft S i& .\I See St L <fe S F

'

118^122
97
68

100«o,

72

109iell4aa.

85

8»

68

7S%

M

KC&MB&B SeeStL&SF
Kan & Pacific See M K & T
Kan

C

City Sou Ist gold 38.a950

7239

73

73
63

1960

Kentucky Cent See L <& N
Keok <fe Des Mo See C R I & P
KnoivUle & Ohio See So Ry

&W Istg 68. .1937
1941

721-

4'J

Oct '00

119Hj
114

20 Hj Nov'04

115Hj12©>«.

11234 Nov'04

llOiallii*

II6I4II8

1

16 Hj Nov'04

110

lieifi

I>ehigh Val (Pa) coll g 58.1997
Leh Val
Y Ist gu g 4H88.1940

107»8.
11034.

107^8 107\
lloig Nov'04

107

107'«

104»4

110%

1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st, gu g 58.1933
Leh&N y 1st g-uarg48.. 1945
Registered
1945
EIC&N Istglstpf 6e.l914
Gold guar os
1914
Leh & Hud R See Cent ol N J
Leh & Wilkesb See Cent of N J
Leroy & Cauey Val See Mo P

103'4

105 Jan '04
1 16 Hj Nov'04

105
116

106
116>»

11214 .
98Hj.

109HjOct '99
111 Sep '04
99 Aug'04

107
92

111
99

10734
10534

106 Hj Nov'04

100»8l06i»

116HjOct'04

116

1I9'

103
K13
100 Oct '04
99 \x Oct '04
102 ig ]0-"8
110 J'ne'O-l
102 Hi 102 Hi

98

108

100

101

ake Erie

I

2d gold 5s
Nortli Ohio Ist

i~i

L Sho & Mich

S

gu g
See

5s. .1945

NY

N

118
112

Long Dock See Erie
Long Isl'd— let con g us. A.1931
let consol gold 48

&

112

M

103 14 1033.
122
122
llSia 115Hj
1030,
103
l01T9J'ne'04
112B8 ll-'e

110 110
100 >« 103

107410715
109 109
10014 104
116'4 122

»

Nov04

F 108Hj109
N
90

108
108'f
90i4J'ly'04

2G 106 110>«
87 H> 90S

D

llOHi

J

M
A

114
Sale

98
113

J

98
11534

983^,

V

I'liRe.

Ist consol gold 58

1995 J

1904
Istcon gold 68
1943
Refunding gold 58
1947
88
911a
ChG-L<fcCkel8tgug6s 1937
Con G Co of Ch l8tgTiK5B.'36
03 ^8 1 09
Eq G<fe FCh Ist gug 68.1905
100 100
Mu Fuel Ga« lelgu g 58. 1947
117Hj122i< Syracn«e Lighting let g 6fl.'51
93 ig 9614 ITeniOD G <fc El let g ob..1949

dDneApr «Da«M«r

105 "4 Mar'03
112 Mar' 02
107 'a Sep '04
109 Nov'04

1»

9914 99Vi
96^8 102 1»

114Hj116'«
98 103«»
101 ''a 101
109 116>«
96i« 99>»
llliallO>W

J

iinn nnd RIectric lAfiht
LacGasLofStLletgSs.elOig Q
Milwaukee Gas L Ist 4s.. 1927 M
Mut Fuel Gas Co See Peop Gas
N VG EhH
P g 5s... 1948 J
Purchase money g 48. ..1949 F
Ed Bl 111 l8t conv g 58. .1910 M

1

....

10134 ....

107^8. ...
105 ....
113Hj115Hj
lOS^s
109 1«
103
118'8
115HjSale
103 Hj Sail

1

PeoGasdb C 2d gu g

....

96Hj....
10218....

con ggu5sol932 Q
Ark Ist g 58. 92 M
Nashv gen g 68. 1930 J

on >ext

,

....

102

1st

193"
Uniiieri gold 4s
1940
Registered
1940
CoU trust gold 58
1931
5-20-yr col tr deed g 48.1923
E H <fe Nash Istg 68
1919

,

102

<fc

Gold 5s

.

116Hj....

Ist 5s
191] M
N Y B<fe MB Istcon g 58 1935 A
N Y R B 1st g 08
1927 M
<fe

.

.

110

/il931

General gold 4s
1938 I
Ferry gold4H2S
1922 MGold 4s
1932 J
Unified gold 48
1949|MDelienture gold 58
1934 J
Guar ref gold 48
1949 M
Bklyn & Mont Istg 68. .1911 'M

NorShB

1

Cent

S

llOHjSale
96 Sale
104 Hi sale

J

11914

A

NY&QEl I,.fePl8tcong6sl930 F A
N Y & Rich Gas Ist g 58.1921 M N

and aakedtblavoek. aDaeJan bDneFeb

Mar'03

10418 Sep '04

BONUS—OontinucMl

II2I4II7HJ
7014
64

lie

10414
102^8

ijonisv

98 103
101 Hi 109

113

1011*104

Meniph Div 1st sr 4s. ..1951
1931
St L Sou 1st gu g 4s
Ind Bl & West See C C C & St L
1st g 5s
1935
Ind Dec <fe

109Hj116'>«

113Hj117

Nov'04

10334 Nov'04

96 Hj.
108
86
81 14.

1951
1951
1951

;

48 103 la 111"-*
105 Hi 1071*
100 "4 100 '«

99I4 Oct 'OS

104

<fc

9934

106

113H2 Mar'0«
ATig'04

70

1923

Car 1st 6s

Registered

Louisiana

Nov'04
Nov'04

KdElIllBkn SeeKCoEL<feP
Kd E lU See N Y G & E L H & P
Kq G LN Y Istcon g 68.. 1932 M-S 113
112 Nov'03
Kq G & Fuel See P G <fe C Co
Gaa<fb Elec Berg Co eg 6s. 1949 J-D
01 Hi Oct '01
Gen Electric deb
3H>8..1942 FA
90
91
91 Hi Nov'04
Gr Rap G L Co l8t g 5b.. .1916 FA
10734 Dec '00
Hudson Co Gaa Ist g 5h.. 1949 M N ioi'ii;;"; 109 Oct '04
Kan City (Mo) Gas let g 58 1922 A-O
100 Oct '04
King* Co El LA Pg 68. ..1937 A O 108
Purchase money Os
1997 A-O
.125 12214 Aug'04
KU El U Bkn let con g 48 1939 J-J "96"
96'4 0ct '04
it

ic

lOSHjlOSH?

XAfrXit

Bklyn U Gas 1st con g 58.1945 M-N
BuUalo Gaa IstgOs
104, A-O
Couaol Gas conv deb Os
1909 J J
CoLsum Gas See P G <fe C Co

GasgSs

123
103
132

113''..

104 "a
133'»

loa^gOct '04
112'^Nov'U4

FA
FA

IO8I4III
111 114--^
103Hil03H2
131'sl35i8

111 May'04
103 Hi Sep '04
135 Nov'04

102
94

100

Registered

lUISCElil^ANEUUS

*

109'?8

9634 10134

M:ay'04

US

lOO^s.

& Shaw 1st g 4s... 1932
Chic St L & N O g 6s. ..1951

104 14 108
103 '^lOG
103 103
142 146''8

Jan '02

24

lllHa.

Ills'*.

BeUev

13334 137 '4

89

d7

lOO't 481
99Hj Nov'04

10534 105

103 18.

1-2

Apr'04

Mid RRotK J l8lg68.1910 A-O lOOia
Wllk<fe Eal8tgug58.1942 J-D 10934

W

2d gold 4128
1937
General gold os
1940
Ternnnarist gold68...1943tWI -N
Regis ?6,000 each.. .1943 M-N

103 H;

llli^ 111
lllH;
luoHjJ'iy'oa
100i4Apr'Or!

goldlJ. ...1953
1953
Registered
1950
Bridge gold 4s
Louisville Div gold 3H38.1953
1921
MidiUe DivregSs
1951
Omaha Div Ist g 33
1951
St IjOuis Div gold 38
1951
Registered
1951
Gold 3Hjs
1951
Reeistered
Spring Div Ist g 3H2S...1951
Western Lines Ist g 4s. .1951

127 12934
11114 115
100'4 10534

14658 Oct '04
147'2J'ne'02

1161,

WY

J-J

Green L gu g 68.1946 M-N
Sub <fe
let ret 53.1937 J.J
<fc

104

Carb

114i2J'ly'04
102 '^Nov'04
108k J'ly'04
102 Feb '03
13334 Mar'04
149 Aug'Ol
104 14 104',
10318 103"*

Nov'03
108 >2 Jan '04
116»B Nov'04
103
103
109
109
117 Oct '04

NY

108

100

LNOcfeTex

128^8 133

li9'2Ang'04

871a

114

FA

W

&O

Csitro

1916 J-J

& Atl g 58. .1937 J-J
l?astotMinu iS'eeStPMcfeM
riiast Ten Va & Ga See So Ry
Elgin Jol & East let g 58.1941 M-N

104

27 1013* 104 J*

W

Oct '98

100 Sep '04
95 ^a Nov'04
67 Si 155
64

97

1995 J -I)
Gold 48
1961 J-D
Det Son Istg 48
Ohio Sou Div l8t g 48. ..1941

Dock

See Ches

1999
C0I& H Vlstext g4s..l948
Tex See So Pac
Heast E <fc
Hoost & Tex Cen See So Pac Co
I llinois Central 1st gds.. 1951
1951
1 Registered
1951
1st gold 3H2S
1951
Registered
1951
Extended Ist g 'i\a
1951
let gold 38 sterling
1952
CoUlYust gold 4s
1952
Registered

109H11258
10 127H3ir;0

130i-2Aug'04

110

Hen g 48.1995 J-D

Y&

Ry

Greenbrier

Registerexl

Dul So Shore

104

20 107

103

1921

Registered, ft

73
90

<fe

2d 68

Oct '04
108

IOOI4 Sale

W

Gt Nor— C B <fe Q coU

116

72^4

109ieOct '04
1281a 128 Hi

.

Range 1st 5s. .1937 A-O
Registered
1937 A-O

123
107 !»

51 102*4 111>I*
71
sent.

87

Hock Val 1 8t consol g 4 Hj8. 1999

110l2ll5>4
126 126

126

112 "a Feb '04

721a Sale
J-J
* 89
Saie

Dul<fe Iron

116
101

3'ne'02

<fe

ioi'iaNov'oi

98><j

Apr
A-O

MS

High No LotB Biak
Nov'04
Oct '04

105 Mar'9fe
Ill's.
108
86 Hj
85 H.

Sale

Sec
Han & St JoSee N C B H Q H
YN &
ousatomc

105
103

106
100

llSiiJ'ne'OJ

1915 J-D 128»8
1915 J-D
2000 J-D
1st 6s. ..1921 J-J ISO's 1321*
N Y Lack <fc
1923 F-A 113^...
Construction 58
1923 M-N 103 ...
Term &lniprove48
Bing <& N Y let 78. .1906 A O IO6I4 ...
Syr
Warren ist ret gn g 3 ^js. 2000
Del & Hud let Pa Div 78.1917 M-S 13734
1917 M-S
Registered
Alb & Sua 1st con gu 78.1900 A-O 104
1906 A-O 103 >«.
Guar gold 6s
1900 A O
Registered
Bens & Saratoga 1st 78.1921 M-N 140 Hi
1921 M-N
Registered
Del Riv RK Bridge See Pa RK
con g 48.1936 J-J 101 Hi Sale
Denv & R Gr 1st
1936 J-J 'lOO
Consol gold 4^28
Improvement gold 58...192)r' J-D 10634 110%
193y J-J 100 sale
Bio Gr West Ist g 48
89
Consol and col trust 4s 1949
Utah Cent Ist gu g 48 ol917 A-O
Bio Gr So gu See Rio Gr So
Den & S West gen s £ g 58 1929 J-D

let

123
106
112
104
1U8

103 Hj Salt

A-O

GuUcfeSIlstret&tg5s 61952 J-J

Nov'04

122'8.

iBtconeol guar 78
Registered
Ist ret gu g 3'ii8

Det& Mack

Saie

108
86

See St L S
tr 4s 1921

Term

Gray's Pt

<fe

<fc

M

W&
&

Col
Col

DesMoi&FtD &'eeCR&lP
Minn See Ch N W
Dee M
Des Moi Un Ry let g 5s.. 1917
Det M & Tol See L S & M So

M

Registered

Greeuv S« So By
& Hock Val See Hock Val
Conn & Term See N & W
Conn & Pas Rivs Ist g 48.1943 A-O
Dak<feGtSo SeeCU&atP
alias & Waco See M K & X
Del Lack & Western 78... 1907 M-S 109H.
Morris & Esses l8t78... 1914 M-N 1261^.

Colum

103

J'ly'04
98isJ'ly'04
101'-2Sep'04
100 Oct '04
102 Dec '02
94i2-^ug'03
105 Jan '04

99-12

lOa^u

M-N
Q-F

105
105
108

Janttary

<fe

cfe

Clev Cin C & St L. sen p 4s 1993
19:!;i
Cairo Dlv 1st gold 4s
& DiT 1st g 48.1991
Cin
Div 1st col tr g 4s..l99(i
Bt L
1990
Keglstered
Spr«ft Col Div 1st g 49. .1940
Val Div l8tg4s...l94U
consol 68.. 19'2()
....tel93U
let gold 4s
fcl936
Registered
ClnS& CI con l8tg58..192S
1914
I con80l78
CCC<fe
1914
Consol sink timd78
General consol gold 6s. 1934
1934
Registered
1st prel 48.1940
Ind Bl &
l«l pt 5a...(tl938
O Ind <fe
<fc East 1st con 4s. ..1940
Peo
1990
Income 48
Wh con Istg 68.1933
CI Lor
Clev & Marietta See Penn RR
Clev & Mahou Val g 58...1938
Clev & Pitts See Penn Co
1947
Col Midland 1st g 4s
Colorado <fe Sou Ist g4s...l929

12314
IOGHj

Birtm

or

Last Sale

Ask Low

Bid

See Penn Co
<fc Pitts
cfe T H 1st cons 6s.l921
1942
Ist general gold 58
Mt Vernon Ist gold 6s.. 1923
SuU Co Branch Ist g 58.1930
Ev<fe Ind Istcon gii g6s..l926
<fe St 1»
So See Ch
h'^argo
See Pere Mar
Lint<fe Pere
Fla C <£; Penin See Sea Air Line
Fort St U D Co Ist g 4H28.1941
Den C 1st g 68. ...1921
Ft
RioGr 1st g 4s... 1928
VlVf

Krle

&

Range

Friday
Dec 2

Evans

133
123 14.
84 "-2.

J-J

Week'i

STOCK EXCHANGE
Wbkk Ending Dec 2

N. Y.

January

Sale

J-D 92 14
M-N 1311q.

W

consol B

B<)ND.s

Range

frice

STOCK EXCHAXGE
Wkek En-ding Dec 2

T.

D

2575^

Bond Record—^Continued-

3, 1904.1

68..

J

M S
J J

J
J J

M N
J

100

D
is

Mar'04

10134 Aug'04

D

A

M

107%1(.8

lis

9534
90
104ie 10434
120HjJ'i)e'04
May'04
101

125
105

....
....

125

NovM4

10434 N"v'04

109
109
lO'.'HilK*
10618 107ia 107
107
102 Hj Nov'04
102H2
101 "a
102Hj 102Hi
97 >a
10513
109 Feb '01

iiDueJ'lr JcDue Aog

105 Hi 113^
90
96»«
102 Hi 110
115'4 120>»
100 Hi 102
100 100
101
103
11334 128
103 104H
lOOHj 109 >•
104
10S>»
101 102i»

lOlH

10ft

«Da« Oct (DnoDeo fOptloBaaI»

—
s

5

2576

Bond Record—Continued— Page 3

BONUS

Price

STOCK SXCHANGK
WkKK KKDINO DKJ 2

N. T.

'

55

Week^i
Range or
Latt Sale

Friday
Dee 9

BONUS

Hant/e
Since
Jantuiru

WekK

Bid
Higli So how HUiK
Atk how
LonlsT <jk Nftshv—C6'<m«nu«d;
NoT'lU
106'^105'>g
LCln<ft r>ex (rol<14>»8...1»31 M-N 106 >•.
131 Si
123>4 131 Hi
IstRold 68....1(>:i() J.J 18'i
124
124>8 124 S
liWt» J
124>8l24>8
N 0<& M 2rt colli fin
116»» Mar '02
Pens»col» Div koM 6«. .. 1S>2() M-8 1I4>4.
1!I21
119
122 Apr'04
119 12a
St L. Dlr l«t |(old6a
76 J'ne'o2
1»8()
2il poW 8«
108 4
113 Not'09
Hender Bdjrelrt 8f g68.1931
101'
I0l»8
Kentucky Cent Kold 4b.. 1987 JJ 101<V,
97>4l01'V
107''8 109
107 4 Oct '0
106 Ha 107 Hi
LA X A M A M iBt K 4 H»« ] 94
96
9619
9 6 Hi
89
97
LA N-Sonth M )<nut 48.19!i2 J J 11518
FA
116 Nov'04
116 117Hi
N Flfl A S iBt RTi K 68.. .1937 FA 113
115 Jan '04
116 115
Pens A Atl iBt pu g 68. .1921
115>«
lie
115
112 117
Ala con gn e 58. .1930
IO7S4
110 Mar'03
1910
Sin!-, fnnd «old«a
M-S
98^^
98»8 Oct '04
9IH1 99
L A Jett HdgeCoKii f;4B..1945

NOAM

LN A A Oh

SeeC

Coa\

Malion

6e<s

I A L
LSAM8

W

Coll tr c 4»s8 Ist Ser....l907

FA

Mex Internat Isl con g 4a. 1977 MS
1977 MS
Stamped guaranteecl
Mex North Ist gold 68. ...1910 J-D
««« N V Cent
Mloh Cent
Hid of X J See Erie
L 8 A W See Chic A N W
MU A Mad See Chic A N W
MU A North See Ch M A St P

106

105

'2

108^8

106
IO6V1
103^8 Dec '02

Minn A

St

L

Ist gold 78.. 1927

Iowa Ex 1st gold 78

AN

A

76Hj

7S

121

24 Hi

27

606

96
86 >3 90
SOi^JTy'O]

96

60
12
6

•J04

24

MStPA8SMcong4intgu'38

MAP l«t 68 stpd 48 int gu 1936
MSSMA Al8tg41ntgul926
St P M AM

Minn Un See
Mo Kan A Tex

'

1st g 48... 1990
2d gold 48
ffl990
1944
Ist ext gold 68
8t L Div Ist ref g 4S....2001
Dal A Wa 1st gn g 68... 1940
Kan C A Pac Ist g 48.. .1900
Mo K A H Ist gtt g 68.. .1942
1942
K A Ok l8t gn 58

M
.

M-K

A So IstgTig 58.1943

1906 M-N
iMissoari PacUlc SdTs
1920 M-N
Ist consol gold 68
Trust gold 58 stamped. al917 M-S
al917 M-S
Registered
1920
Ist coU gold 58
•

'

i

^

FA
Cent Br By 1st gn g 48.1919 FA
LeroyACVALl8tg58l926 J-J
Pac R of Mo 1st ex g 48.1938 FA
2d extended gold 68. ..1938 J-J
St L Ir MA Sgeu con g 681931 A-O

Gen con stamp gtd g 6s 1931 A-0
Arof £rold48..192y J-J
Biv A a Div Ist g 48. .1933 M-N

TJnified

;
1

/

VIAW

MS

Ist g 58.1926
prior lien g 5s 1945 J-J

Verdi

A Birm
1945
Mortgage gold 48
Mob J A K C 1st cons g 6s. 1963
,Mob A Ohio new gold 68. .1927
'•Cob
'

1st extension gold 68.. A 1927

1938

General gold 48

J-J
J-J

J-D
Q-J

MS

Moutgom Div 1st g 6s. .1947 FA
St L A Cairo coll g 48..el930 Q-F
1931 J-J
Guaranteed g4s
coU 48 See Southern

MAO

,

109 4

121

116««

97

116
Sale
97

100

Jan

104<^ Sale

Sale
go's

10134

103 7g Sale
116
116 1167^
'96>isale
96^8 Sale

lOo
112»4

,

96
....

ge'aios
76Hi 87
98 Hi 107
80
88

llOHi

llOHi

102
86
13 106

lOoHi
95

mi 2

Hj

117 104!^ 106

106
108

4 99
Nov'04
100
105 '64 104

110

106
106

LAW

1

MW

•

TAP

LAN

New HAD 6'eeNYNHAU
N J J unc KH See N Y Cent
New A Cin Bdgo See PennCo
N O & N E prior lieu g 6a 2)1916 A-0
N Y Bkln & Man Bch See L 1
N Y Cent A H Riv g 3HiS. 1997 J-J
1997 J-J

Registered

116»8....
92'a esia
...

1998

Registered

gSSja.... 1998

1998
Beech Creek 1st gug4s. 1936
Registered
1930
2<i gu gold 5s
1936
Beech Cr Ext 1st g 3 "as </1961
Cart A Ad 1st gu g 4s... 1981
Cloart Bit Coal Ist St 48. 1940
G on V A Oswe 1st gu g 6s 1942
Registered

FA
FA
FA

J

J

J-J
J-J

A

115

119«%.
117>«.
115i».

115
Dec'99
H3HjJ'ne'04
113 J'ly '04

104

104

120

12334

Panama

M»y04

9614

96^ 974

Sep '03

Jan

11334

1164
U64ll9'a

113

1

'02

04 14 Apr'04
104
lOlV,
101 Mar'04

Sale

123U.

1044

101

102VNOV04

101

101 Tg

101TgNoV04

102

104

10234 106

101%

131^Apr'03

1024.
.

1024102"*

104 >a 106

106
100

1054 119 1004106%
D«c '03

loamim

111
130
182

Nov'04
Ang'03

12134
131=8

110

1094
101 '8

ge't

1064

10438
7514 Sale

,

744

,

98

,

123 7g.

10434

.

934.

9.43,

874 9T4
112

112

994103

1014105%

105»8
10434

101

704

76
764
74 4 Nov'04

6834

104%
7534

754

97=81004

1004 Nov'04
126 Oct "04
132 J'ly '99
112 4 J'ly '03
107 Nov'04
964 Aug'04

1184.
1124.
91

9!i»4

974

112 Aug'04
1021- 10 IT,
1024

106 14 Sale

108

1264 13234
96410234

9934 J'ne'04

!;;];. "95"

1124

1S241324

132

131i«132 4 13234 Aug'04
101 4 Sale l>>034 1014

1224125

10541084
964 964

Aug'04
Nov'04

85
111

94
119

111

1164NoT'04
Nov'04

110
111

1174
1134

110i«

112 4 Nov'04

106

1124

104
100

102 4 J'ne'04
102 Apr'02

10241024

liof^

1114 Nov'04

108

106

10534 J'ne'04

10534 108

.

94

11814.

118

113
XVi

CCA

J-D

1921

Registered

Guar SHiS coU trust reg.iy37
Guar 3 His coll tr ser B...li)41
Tr Co certif's pii g 3 48.1916

104
82

92>4

92 14
97"^
II8I4

C St L A P Ist con g 58.1932
Registered
1932

101

IOUH2

101

Aug'04

99

99410118

9LI4

9034

90"« 9034

90

106"% 108
10d>8

92 Hj

86
80

96

93 Hj

104
102

90
90
89 14
89 "i
01 Jan '03
105 >« J'ly '04
102 Mar'04

10618

80I4

99>8
91\i

102

120

96

96

10S4Au«'03
96
102
9534

Jan '04
Nor'UO
Apr '04

98% '93%

U0 4Ang'04
1124 Nov'04
108^41124 110 Ang04
102
94
1-204

WA

1204

2d78
1912
3d 7s
ftl912
Penn KB Ist real est g 4s. 1923

120

123 4

103»8

1905
Consol sterling g 68
Con currency 68 reg...jrl905
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 348
1912

Apr '02

95% 994

US

'04

1074
1124
1124

.

99H2NoT'02

Oct

96

N

Dec '02

9934 May'04

lis

1114
4

Xov'OS

924 Dec '03
98^ 98 4 NoT'04

9534
96I4
9014

Erie

9634l01»4
98 100 Hi
100 101

»4

102

1144
1134

Series C 3H»s
194S
Series D3His
1950
A Pitts gu g 3 48 B.iyiO
Series C
1940
A C Bdge gen gu g 4 48 1 '.'45
P C C A St L gu 4 4s A. . 1940
Series B guar
1912
Series C guar
1912
Series D 48 ginir
1 915
Series E 34 guar g
1949
Pitta Ft
C 1st 7s. ..1912

112s...
101 101i« 101 »«
100 H,
IOOHj

108

1124

110

110

10141044
90
934

104 4Oct 'O-l
93 4 Sep '01
127»8 0ct '02
121 Mar'(!4
119 Apr'04
107 4 Mar'04

1124
1114 Sep '04
1064
106 Aug'03
1034 8816 1024 103'2

1104

10934

121
119

121

119

10441074
11141114
139

044103%

on Next Va.sc

Telefn-aph and Telephone
106

95

86%

Sale

.115

1004 Feb '02
105

Tenn Coal gen 58
1951 J-J
96
Tonn Div 1st g 6s
ol917 A O 111
Birm Div Istoonsol 6s. .1917 J-J 112
Cah C M Co 1st gu g 68.1922 J -D
99
DeBarCA lCogug68.1910 FA 104

MS

55 Nov'OO
107 4 Oct '04
105 1074
103
103
2 954103
90 Nov'04
69
91
85 4
88 949 694 88
107% Nov'04
106% 107%
l024J'ly'O4
10241024
107 May'97
102 4 Oct 'OS

1024

JettAClearC A Il8tg58.1926 J-D
2d gold 6s
.....1926 J-D
XanAHC ACl8t8fg6s.l951 J J
Pleas Val Coal Ist gsf 58.1928 J-J

WhaLE A

1064Nov'00

...

107 14.

Sink fund subsidy g6s.. 1910

J-D

FA
FA

g 58.1949

Um»4 109H

...

106
104

Penn Co—Guar Ist g4His. 1921

Coal and Iron

Ist

4

115 4 Sep '04
11741194 1194Ang'04

CIA Pgengug4HisscrA.'42
Series B
1942

108 14
91 Hi
98 Hj

OolCA IDevCo gng 68.1909 J-J
Col Fuel Co gen gold 6s.. .1919 M-N
1 Co gen sf g6s..l943
Col
Convertible deb g 5s
1911
Trust Coctfs
Contin'talClstsf gn58g.l952 F-A
Gr KivCoal A C Istg 6s. .1919 A-O

VlronCoalACo

10}i.>4

109
1"2

3 1(16 4 109
25 98 102
993tlOO'< 102
994 Sale 99 4
994 11 98 lOOh
100', bale 100^4
101 251 98 4101%
105
114 Feb '02
123
120"8
121 Nov'03
13284
139 Jan '03
129
120
110»8
1 09 «B Apr'04
in<t»8ll24
1224
Oct '04
121
122
121
I2II4
121 J'ly'04
121
121
106 14
IO6I4 J'ne04
10541064

107«fe...

1st s fund g4His.. 1917

WISCELI^NEOUS BONDS—Continued

FA

109^ Sale 109
10841093b 108

11338...

A R2d gu g58...el915
RW&OTRl8tgug5s.l918
UticaA BlkRivgug4s.l922
N Y Chic A St L 1st g 48.1937
Registered
1937
NYA Green w Lake See Ene
NYA Har S«« N Y C A Hud
N Y Lack AW See D L A W
N Y L E A W See Erie
NTALongBr S«eCentofNJ
NYANENew Hav A Hart
SeeNYNHAH
New York
Housatonic R oon g 5s. .1937
N H A Derby oon g 5s. .1918
1905
N Y A N E l8t 78
l8t68
1905
NYA North See N Y C A H
N YO A Wref Istg48..flil992
Regis $6,000 only
NYA Put See N y C Affl992
H
N Y A R B See Long laland
N Y S A W See Erte
N y Tex AM See So Pac Co
Nor A South Ist g 5s
1941
Norf A West gen g 6s
1931
Improvem't A ext g 68.. 1934
New River Istg 68
1932
N A W By Ist oon g 48.1996
BeglBtered
1996
Pocah C A C Joint 4s. .1941
1922
CC AT let rug 58
Scio V A N E 1st gn g 4s 1989
North Illinois See Chi A N W
North Ohio See L Erie A W

113H»113H2
118 113

Nov'04
100
81 H»
82 114 73

81 's Sale

124H»

110mi6>,

116
113

.

J.J

1014
IdO

Registered

Coast Co Ist
Fac of Missoun g 5sMo 1946
See
Pac
ac

12334

89

IMW Htgh

Wl(//i

664...
100 loo's 100

Harlem g 3 His... 2000

—

123%.

J-D

A-O

Y

L010

SifUM
./anuary 1

107 4 J'ly '00
105 Oct '02
106 4 Nov'Ol

104

95
97

1961
1952

OreRKANav See Uu Pac
Ore Short Lme See Uu Pac
Oswego A Rome See NYC
O C F A St P See C A N W

98=8
Debenture g 4s....l890-iy05 J-D
1890-1905 J-D 100 Hi
Registered
1905 Wl-N lOUH
Debt certs ext g 4s
9334
1906 M-N
Registered
91 Sale
Lake Shore coUg3»28... 1998 FA

Mich Cent coll

1940 J
1940

3Hi8

4 106>al09Hi
105 >2
121 "8 2b 1183b 122 Hj
12 104 10914 Nor Pac Prior Uen g 4s.. 1997
»8
107
Registered
1997
108 Hi
103»4 109
108
General lien gold 38
a2047
96 Hj
95 Hz
91>« 96
Registered
a2047
100 May'Ol
St Panl.Dnl Div g 48. ...1996
loss 103 Tg
101 103''(
Registered
1996
116 Nov'04
CBAQcolltr48 SeeGtNor
109H»116
11634
11634
St P A N P gen g 68.. ..1923
111S118
10934 Oct 'Oi
Begl8t«red oertlflc's..l923
96 Hi
96 H, •296 84
St Paul A Dnl 1st 6s.. ..1931
96>a
96 Hi
96 ^( 35 91
2d 58
1917
97
Ist consol gold 48
1968
lllHjMar'04
IIII9IIIH2
Wash Cent 1st g4s
1948
96 Nov'04
91
95
Nor Pac Ter Co let g 6s.. 1933
Nor By Cal See So Pao
126
126
12334 128«6 Nor Wis See C St P
AO
121 Apr -04
121 130
Nor A Mont See N Y Cent
96'4 Nov'04
See C
St L
90
96 >4
1161.
116
113H! lie's Whio River RR 1st g 6s.l936
101 Nov'04
General gold 6s
88 Hi 101
1937
Ore A Cal See So Pac Co
98HiNov'03

Mohawk A Mai SeeNYCAH
Monongahela Riv See B A O
Mont Cent See St P M A M
Morsau's La A T See S P Co

Morris & Essex See Del
Chat A St
NI ash consol goldL 1st 78.1913
1926
58
1st
Jasper Branch 1st g 68. .1923
McM
A Al Ist 68. .1917
1917
Branch 1st bs
Nash Klor A She! See
Nat of Mex prior lien 4'2S.1926 J-J
1951 A O
ist oonsol 4s

J

1931 M
1931 O

K3H28

/\lndAW

97

101

103
86 >a
103 "4
87 >4 Nov'04
106 >a Nov'04
96 Nov'04

86

J

Atk

Hid
104^

«<

M

125»8....

122

98

97>9 99»4

100i«

104
106>a
121
107

106 H»
121
107 >« Sale

118

Nov'Ol

103«4

104
108
106

106 108
103
104 >< 1U6

lOU

111 113
120>al20H2

'02

98VjNot'04

J

Oswe

96

116
113
97 >i 24 06

103

J-D 100 Hi sue
F-A
86 Sale
M-N 103 ^i 104
A-O
86>« 86',
M-N
107
F-A
94
96
A-0 noHi

TexAOlcUlBtgugSs.. .11143 M-S

{

142 Doc '03
113 Oct "04
120 "a Feb '04

100

M K ATofTl8tgng58.1942 M-S
J-D

SherSh

116^4

109 »«

F

2000
NYA North lat g 5S...1927
R WA Ocon I8text58./il922

lO^s

91

J

M

Bate ASturl8tgng38.1989

N

79
28 Hi

May'OO

106

99

A-0
J-D
M-N
M-S

L A S Istg

1st

76
76
24 "a
16»4 Sale

J

M

let consol 68.1909

Registered
48
Registered
J

J-D 1«6»«

1909 J-D

Ex

Ist gold 68. ..1921
South West Ex Ist g 78.1910
1934
Ist oonsol gold 58
Ist and refund gold 48.. 1949
Minn St L gu Se« B C R
Pacific

McKeesA BVlBtg6sl91«

6s

iofuiVo'^

Mil

,

AG

J

Pitt«McK4Yl8tgn68.19:i2 J
2dguar68
1934 J

13 l01H,107i4

Nov'04

lOS'^e

Ist 4b gu... 2301 J

Jiange or
Latt Sale

LXXIX.

Ifee/f 5

Itiday
Dec i

^t

2

Registered
2361
Lake Shore gold 3Hi8.... 1997
Registered
1997
Debenture g 4s
i9'.'8
Det Mon A Tol Ist 78.1906
KaA
R Ist gn 058.1938
MalioD C-1 BB Ist 6b. .1934

Mich Cent

anhattan Rvcon8oU8.1990 A-0
1990 A-0
Kecristered
Metropol El 1st k 6e....l908 J.J
1934 J-D
Coloniz b 58
Man S
McK'pt A B V SefN Y Cent
Metropolitan El See Man By
Mex Cent oonsol gold 48. .1911 J-J
l8t oonsol income g 38.al939 J'ly
2d oonsol income g 38..ol939 Jiy
1917 A-O
Bqnip A coll gold 58
1919 A-O
2d series gold 58

/

West Shore

.

FA
AO

BAN

DBC

(ZTl

.

•

E.SDlNti

N y Cent A H H—(ConUnnfii)
Moh A Mai 1st gn g 48. .1991 M
N J June R
iHt 48...19Sri F
N Y A Pii Ist COU gu g4H 1993 A
Nor A Mont Ist gii g 68.1916 A

.

MS
MS
MS
MS

PrUe

STOCK EXCHANGE

N. T.
1

VOU

[

,

,

this

82
32

29

week,

Jan
a

96 4
112%
10141134
9134
102

1004105 4

'04

84^'^

219

664

8434

'01;

Due

n

West Union col tr cur 58.1938 J-J
Fd anil real est g 4 4s. ..1950 M-N
Mut Un Tel s fund 6»...1911 M-N
NorUiw Tel gu f 4 4s g. 1934 J-J
.

Xannfacturins;

110
112 4Nov04
IU2
Dec '03

1044001

8334 Sale

PCOl8lg68.1919 ,1-J
•No price Friday; latest bid and asked

96

Sale

Oct '00
96
Sep 04

Am Telep A Tel coU tr 48 1929 J-J
Comm Cable Co 1st g 43.. 2397
Erie T A T col tr g s f 5s. .1926
1918 M-K
MetT A Tlsts f g5s
N Y A N J Tel geu g 58..1920 M-X

.Ian

i»

Due Feb

(

ne wHis Tr Co ctf

48 Morton Trust Co ctls
Bar A S Car Co Istg 68.. .1942 J-J

e

Due May

i;

1094.-1044.--

90

105 4 J'lJ''03
112
112 1124 112
10434
104 4 Sale 104
10734 111
107 J'ne'04
103 J'ly '04
102%

94

1093.1

J'ne'04

Il004-'^^pr'02
109 Oct '99
10934 J'ne'04

109*4

105" iV2**

10141064
107
lUO

107

95
70
82
74

100

103>«

& Industrial

1915 Q-F
Am Cot Oil ext 448
Am Hide A L Ist s tg6s.. 1919 .\l-S
iVm Spirits MIg Ist g68..1915 MS
Am Threa<l Ist col tr 48. ..1919 J-J

Am Tobacco

94
92

Due rue A Due

J'ly

99 ion
95 4 Salo
9ii4

87

iOO
96

Nov04

87

87
112 4
76

1114 Sale 1104
li\ Sale 70
105
j>

Due Nov

Oct '04
95 4 120

96

*

Jan

Option

4G30:

»7

'00
sale.

9534

96
88

106% 1124

63% 76

—

..

Dbc.

Bond EeCOrd

3, 1904.]

—Concluded—Page 4

Week's

STOCK EXCHANGE
Week Ending Dko 2

HH—(Continued)

Peim

Sub

J

& Atl

East

See

L&

CCC

<fe

PM jitis

Ill's.

sc

117

4i.

117
116

..
..

114H!ll7H.

117HjOct'04
11418 117H.
102 14 102a, 140 94»8 10234
100 Nov'04
98 100
69 9138 99
Sale
99
97^

09

109
70

11«

B R&P

limjj'ly'04
68 J'ne'04
87^ Sep '04

110 Hj 111 Hi
63 Hi 68
87 Hj 87 H,

Y Cent
94

93^

Sale

103»4 104

04

98^

84

108 1*...

99

10319 106 Hi
103 Hj 103 »B

89:>aSaIe

12518126 Hi
88 H; Sale

126>^4

B8^

1-'6Hj

89

102's

W

97I4
07<%Sal«
07«tt 32
85«6 85 la Nov'04
80 19
80»4 8«lt^
83 eis

13408 Oct '04

125 1«.

Monte Istguggs

1937
Registered
1937
1937
Ist guar gold 6s
WiU& S F 1st gold 58. .1938

134>9

118

.

Western Div 1st g
General gold 5s

Kan &

135»8

133

Apr'97
114Hj 116^4

117

Jan '04

117

117

.

110

Jan '04

110

110

108

.

W

W

Sale
10234 Sale
97'*

105

'4

84

Mid See South Ry
Southw't 1st gu 58.2003
1939
1st gold 5s
VV 2d gold 5s
1939
1939
Debenture series A
1939
Series B
1st lien equip s fd gr)S..1921
Det&Cli Ext Ist gos. .1941
DesMoin Div Istg 48. .1939
1941
Om Div IstgMHzs
T0I& ChDiv Istg 4s. ..1941
St Chas Bridge 1st g 0s.l90S
Warren See Del Lac & West
Wash Cent See Nor Pac
Wash O & VV See Southern
West Maryland Ist g 4s...l9:.2
West N Y & Pa 1st g 58. .1937
1943
Gon gold 3-48
dl943
Income 5a
West No Car See South Ry
WVaCent&P 1st gOs.. 1911
Wheel'giVj L E 1st g 5s.. .1926
Wheel Div 1st gold 5s..] 028
1'

98
100

102»4

96

Nov'Ol
Sep 00

102 •«

65
91

8514

104
98

100
10614

Ill

10434 J 'ly '04
112'2
11084 Nov'04

110»t

lll'4May'03

n-d^

103 >a

100

Jan

102

100

Sale

93 'e

10134 I04'j

\m 112 Hz
105'2ll0»4

112>?j

Sail'

9S»»,

'03

97'8l02'2
87 12 96 Ha

63

102><i

9GH2 130

94»3Ang'04
1103^

USOgOct

101 •'e Sale

101 Hi

n9i4Mai"03
87
109 Hi Oct '01
103 Sep '04

'87 '4 Sale

87-4

lOitSjlll

99

8534 94H2
97 113^,
97 14 102 'g

"04

101 7^

".i

!^9

t-4

10/

J-J

J-J

M-N
M-N
J-D
F-A
J-J

FA
J-J
J-J

90

121
121
112»8 Nov'04

Nov'04
Sep '04
Oct '04
112HiSep'04

J

117

110 117
110Hill2H»

ll2Hlll7

Nov'04

110

110
1121411818
98 lOOHi
110 1121,

112isJ'ly'04

.

101 Hi Nov'04
11938 122
97 Hi Nov'04

115
11034
107

96

102
122
98

100
47 115
80

108 11014
106 Hj
101
II214 116S

111 111
103 '-^10734
96
91
3 86
93
90 «»
90
9OH2 26 81
84
8I34
84 304 68
95 14
95i4Sep'04
94
IO6I4 113
113 Nov'04
93 Hi Oct '04
9134 947,
9(j 100''4 106 Hi
106
106
104'8 104^8 30 10038 104Tg
114 Hi 116'- i'>i« 94H2ll6Ha
O634II5I4
1
11514 115 ^
31 0f«H2l04i4
10318 104
125 14 125
37 120 '4 1-5 Hi

107
96
93

Sale

93Hi

90

100

100

110 May'04
118 Oct '04
100 '^Nov'04

.

110

109

J'ly'OO

100

9734

1091^.
11838.
IOOI4
112

1124

87Hj
87
103H2llOi»

110H>May'04
93 Dec '03
11534 Sep '01

130

125
118

20

114
112

87HiJ'iy'04
108 Nov'04
123 Feb '02
109 Oct '04
115 Jan '03
116
116

9134
1163b

II6H2
12134
1123,

11834 124

125
118

110^8

118

113
22 117
109

124

117'4l20

90

118

90 14

10478 Sale
lldi^Sale

101
125i4Sale
119 120
103 '8 Sale
IIOH2
104 Ha

Sep '04
96
93

3

'.

119
1033,
11

il',1

10

i

4 111 12034
111 90^4 10478

Dec '03

114>aApr'02

irginia

109H2

iooi2io:;34
11 3 -i

Exteu

<&

Imp

20-year equip
Ist consol 4h

110

J.J

107

WI-N

117
117H3....
110 IIIH2 111

FA

J-J
J-J

M-S
J-J

117".

v

11

Jan

10-.:

II

J ',

'84'i "87'95Hi

J-J

A-O
Nov

h

89 14 SaV
119

113'-j

gold 5s..-U)30
19'22 J-J
os

FA

109H£

-\1-S

100 101
93Hi>ale

106 >a.. .
104 >4...
103 "s...

Wilkes <fe East see Erie
Wll cfc Sioux F See St P M & M
103H»103H! Wis Cent 50-yT Ist gen 4s. 1949 J-J

7014

79^8

8389

95

95

84

89 i-j
118'j
9688

04

-Mai'O;!

J»lar'01

18

'J

2

1

.

95

.\ug'U4

40

11334 114

J-J

1111-1

f.O

U>2

89 H 187
Nov'Ol
Nov'04

-s'-j

3U

A-O

'4

94

102
1121 ""i IO6I4II2I4
•M>
Nov' O4
97
'04

',•514

1

9638

112

s f

J

1 101!

Nov

"g

A-O 101'4

A-O

IH.

J'ly'04
69H. 1149

68

112'4H5

J-J

1949

>•..

9.">

68»8Sale
68
69

100 Hi 107
I4H2II9

Nov'04

107

J-J

A-O

MS

105%

113
110 Oct '04
107i4Oct'04
103H4J'ly'04

May'Ol
IKJHiOct 01

5 115 llSHi
5 01 14 97

118

1243,

125

118H

96 Hi
96 Hi
90 Sep '04

83 Hi Sale
A-O
95 Hi
J-D
J-D llo"^
A-O 93Hi
J-J lOGkSale

lll'flll4H2 113

1

1

12-'8

U

II

I4

Sep '04
Nov'04

ll.i

93
111

112

IO9I4 114
IIOI4 IIOI4

-May'Ol

U;9 Apr 04
100'.jAug'04

..

li;0

93

93

61

921*

93I4

50

iioi*
or.
106^4 107 >4

li»9

100
86

103
9334

I

ftllWCEI.I.ANEOUS

1)1(1

1911
1911
Ore By «fc Nav eon g 48.1940
Ore Short Line Istg 68. .1922
1946
Ist consol g5s
1927
48 & participating
1908
Utah <fe Nor Ist 7s
1920
Gold 58

Va &

86

96 '4 97
90 Sale
92
117
116
121
113
124 125

llSHi

& Black B See N V Cent
\rerValInd&W See Mo P

113»4Dec'01

85

..

II6H1 lie's
111 May'04

W l8t gold 48.. ..1917 J.J

VValJash

Seaboard Air Line g 4s ...1950
1911
CoUtnetuudgSs
Car Cent Ist con g 48. ..1949
FlaCen<fc Pen 1st gos. 1918
Ist land gr ext g 58 ...1930
1943
Consol gold 5a
Ga & Ala Ry Ist con 58ol94d
Ga Car cfc No 1st gu g 53 1929
Seab& RoalstSs
1920
8her Slir & So See M K & T
81I Sp Oca & G See Atl Coast L
Sod Bay <& So 1st gSs
1924 J-J
80 Car & Ga See Southern
80 Pac Co— Coll tr g 4 ^s. .1906
Gold 48 (Cent Pac coll).fcl949
Registered
fcl949
l8t gu g 58.. ..1941
A&N
Cent Pac 1st ref ga g 48 1949
Registered
1949
Mort guar gold ;!i28..fcl929
Gal Har & S A 1st g 68. .1910
2d gold 7s
1905
Mex<fe Pac 1st g 5s
1931
Gila VG cfcN 1st gug 58. 1924
H0U8 E &
T l8t g 58.1933
l8t guar 68 red
1933

1^4

II8H2..

109H2Aug'04
106 '2 Nov'04

1935 J-D

Registered

129H2l30Hi
L21 i22Hl

Utica

<fc

Hoprlee Friday; latest

P&

110 113»4
112 113
90 Hi 96

106 Sep '04
10456107
113 Jan '01
101
102 Nov'04
100 102
88
89^2 88 14
89", 61
9038
76
109 llOHi 109*8 Sep '04
105 10y»a
no 1111 110=3 Oct '04
10534 11034
100 H2
lOO-'g Oct '04
10038 102
10114
102 Oct '03
102 14
104-4 Sep '04
102 10434
1134
113 Oct '04
112 HJII6I4
113H2
H4H2Apr'04
114 Hill4'-i
II518
119 Feb'04
119 119
107-^4
10734
1073107 110'.,
109 ig
108 Sep '04
108 108-'4
1 03
Oct '04
103
1013s
101
110
109 Sep '04
109 109
10(5
103 Jan '04
103 10;^
119>4Sale 11812 120 176 111 120
110 Peb'04
108 110
963* Sale
DO'g
9534 "28 92 34 97 Hi
1 114
117i4Sale 117
1171)
117*4
9;)i4
100 14
99
93 H2l09'4

A-O

5s. ..1935

1

Low Migh

A'o

105'k
II6H2

M-S 101 Hi....
J-D 119H)....
96
Mar 90
J J llOHi
F-A *l»i6i4l07\i

M 1st gu g 4s.. ..1990 A-O

Unl N J BB & C Co See Pa BB
Utah Central See Bio Gr Wes
Utah & North See Un Pacific

<fe

Ilanulactiiring <&: Industrinl
Consol Tobacco 50-yr g 48.1951
Registered
1951
Distil Sec Cor conv Isl g 58. '27
DiBtiU of Am'r coll tr g os.l911
ni Steel Co C-. 5s
1910
Non-couv (l-.ucn 5h
1913
{nt Paper Co Ist con g 6s.l918
nt St Pump 10-yr conv. 6s '13
Knlcker Ico(Clnc) 1st gos. '28
tiACkaw steel 1st g r>8
1923
Nat Starch M fg Co 1st g (>» 1920
Hnt Starch Co s f deli Tis.. 192.0
Btan Rope A T Ist gCs... 1946
Income! gold 5s
1946
D 8 LeatU Co 8f deb iri!.'<..1913
CS l:ealty<felc<)nvdebg58'24
S Steel CorplO-OO yrOH.rf'o;^
Registered
Apiil 1003

68. ..1916

W

83

102»8l04Hi

11634 Sep '04

Biiuse

127 Hj Feb '02
129 Hi Nov'04
122 Nov'04

129 Hi
121 123

A-O
88
M-N
M-N 1081* "10914
M-S 114H2
M-S 108 Hi
M-S IIII4
M-N 113Hill6
M-N

8 j-ra Bing & N Y See D L <fe
'Per A ol St L Ist g 4H2S..1939 A-O
1 1st con gold 5s.... 1894-1944 F-A
1953 J.J
Gen refund si g 48
Bge Ter gu g 58.1930 A-O
St L

85»(,

109^8
J-J

j.j
j-j
j.j

W

65Hi

S

I

M-N
M-S

Min & W
W& O CW1st N 58 lat gu 6s '30 J-J
1935
g

M

A <& A P .See So Pac Co
8 F & N P 1st sink g 58.1919
Sav F West See Atl Coast L
N E See Nor & W
ticioto Val

j.j
J.J

1921
1926
1936
1936
Guar stamped
1st cy gu 48.. 1924 FA
O <fc
WestN C 1st con g 68.. 1914 j-j
S cfe N Ala See L & N
Spok Falls <fc Nor 1st g 6s. 1939 j . j
Stat Isl Ry Ist gu g 4H2S..1943 j-d

70%

llT's.

Nor Pac See Nor Pac
<feO
S'x City See C St P
Lake C 1st g s t 6s.. .1913
Pres & Pli 1st g 58.. .1942
8 Fe

A-O

1st lien convert 48

Apr '02
Apr '04

128
135
115

j-j
j.j
j.j
j.j
J.J

107"^ 112
130 134'%

140 May'02
IIIH2II3I9 lll»8NoT'04
116i«Apr'01
111*4 S«p '04
lUHi.
102=8
104 "a Nov'04
106 May'Ol
102«BOct'04
102''i

.

C

M-S

Tol8tL<fcWprIleng3H»s.l925
1950
50-year gold 4s
Tor Ham & Buff Ist g 48./il946
1 07 Hj 11234
I ri8ter&Dell8tcong58 1928
L' Ist refund g 48... ....1952
109Hj111»4 TJn Pac BR & 1 gr g 48 ...1947
1947
Registered
100 104H2

110%NoT'04

134 <^.

EMmu

«fc

Virginia Mid ser
Series D 4-58
Series E58
General 5s

Tol

110^.

j.j
j.j
j.j

Tol

91Htl00

Nor Pacific

& Man 2d 68... 1909
8t Paul
1933
l8t consol gold 6s
1933
Registered
Beduced to gold 4'<js.. 1933
1933
Registered.
1910
Dakota ext gold 6s
1937
Mont ext Ist gold 4s
1937
Registered
1st div Ist g 58.. 1908
Nor Div 1st gold 48.. ..1948
1922
Minn Union 1st g 6s

<fc

F-A
m-S

12234 128
110 114
99I4
96
M
98 <% 100
79 Hi 9018 Tex <fc N O -See So Pac Co
94
98Hj Tex & Pac E Div 1st g 6s ..1905
2000
1st gold 58
119H» 1-26 Hi
35 78
^2000
89
2d gold inc 58
1931
La Div B List g 5s

99»4Nov'04
98''8 Nov'Ol
89
89^2 762
9 8 •-Nov'04 "6

101

991a

KC<fcMB&Bl8tgu58.1929

P

106H»O«f04

lOS^e...
103«6J'ne'04
127 182>2 128
128
114 Nov'04
1141a

Bt l/ouis So See Illinois Cent
l8t g 4s bd ctl8.1989
et L S
2d g 48 inc bond otfs...jJl989
1932
Cousolgold 4s
Gray's PtTerlstgugSs 1947

St P
Salt

1905
1912
1943
1994
58
1994
Registered
01)10 coll trg4s.. 1938
Mob&
Mem Div 1st g 4'2-5s--. 1996
1951
St Louis div Ist g 4s
1918
Ala Cen B 1st g 68
1948
Danvlstg4s
Atlife
1948
2d 48
guar 48.1949
Atl & Yad Ist g
1916
Col & Green V 1st 6s
ET Va& Ga Div g 58. .1930
1956
Con Ist gold 58
1938
E Ten reor lien g 5s
1922
Ga Pac Rv let g 6s
Knox* Ohio 1st g 68.. .1925
1915
Rich & Dan con g 68
1927
Deb 58 stamped
Rich & Meek 1st g 4s... 1948
1919
So Car & Ga lat g 5s

W

M
M

8t

E&

Con gold 58
Southern— l8t con g

llSi^
10288 Sale

1940

iSee

j

J.J

1905-..1937 M-N
Stamped
SPacofNMexlstg6s..l91] j.J

l]4iaSep'04
98 J'ly'97

N

1906
2d gold 68 Class C
1931
e«neral gold 68
1931
General gold 5s
St L<fc SF BR cons g 4s. .'96
SontUw Div Ist g 58. .1947
1951
Befundmg g 48
6-year gold notes 4 ^. .1908
K C FtSA con g 6s. .1928
K C Ft S & By re? g 4s 1986

Dul

J.J

cl910 j.j
Ist guar g 6s
1905 A-O
of Cal 1st g 6s
1905 A-O
Gs series B
1st g
1 St g 6s series C<fe D... 1906 A-O
P. ..1912 A-O
let g 6s series
1912 A-O
Ist gold 6s
1937 M-N
con guar g 5s
1st

II9I4II9''.;

i

M

A-O

AC
j.

SoPof Argul8tg6s...cl909 J.J

109'^4lia»e

103»4 M»y'04

&

J.J

S P

122

lOli^iNoT'Ol

Paul

A-O

8A& A Passl8tgug4s.l943

107»4lllH

120 Oct '01
112>2Dec'02

1941

'8t

& T Ist 78.1918

Sabine Div lstg68

122 a.

Sag Tns & H See Pere Mara
,_tJo<feGr tsl Ist g 48. ..1947
Bt L*w <& Adiron latg 68.1996
1996
2d gold 6s
8t L A Cairo See Mob & Ohio
6t L & Iron Mount See M P
8t L K C & N See Wabash
8t li M Br See T RB A of St L
i6t L & S Fran 2d g 68 CI B 1 906

,

N W div Ist g 6s '30 M-N

Tex&NOl8t78

But-Canadl8tgug48...1949

'

10 lis

119 '4 Apr '04
137 Nov'97

.

123

1997
1997
Registered
Jersey Cent cell g 4s. ..1951
Bensselaer & Sar See D «fe H
ElcU <fc Dan See South Ry
Eich & Meek See Soutliern
Bio Gr West See Den <fe Rio Gr
Bio Qr June 1st gu g 5s... 1939
1940
Bio gr So 1st gold 48
S«e

cfc

Morgan's La

1920
N YTcfcMex gTil8tg4s.l912
1907
Noof Cal l8t gu g6s
19;;8
Guaranteed gold 5s
Ore & Cal 1st guar g 53.1927

100iol23Hi
US "101

120^4
1207^
111 Nov '04
112 14 Oct '04

11334

Reading Co gen g 4s

Pitts

I07''f

IIOH2III

'04

Apr '02

109

.

nm2.

&
Y&

<fc

.

1 0638
lil^s.

Y Cen
See
Pitts McKees
L. E 1st g 5s. ..1940
Pitts Sli
1943
1st consol gold 58
West See B <fe O
Pitts
Ash l8t con 5s. 1927
Pitts

Borne Wat & Og See N
Bntland 1st con g 4Hss

107^8

l20';iNov'04
101 J'ly'iu

95^4

W

Boch

110 >2 Sep

12058.

Phila
Pine Creek reg guar 0s...l9o2
puts CiD & St L See Penn Co
Pitts Cleve & Tol See B & O
& Cli See Penn Co
Pitts Ft
1922
Pitts June 1st gold 6s
Pitts & L Erie 2U g 5s...al928

I

Waco

108 H. 110

.

L

W See Ppnn BB
& Reading cons 78.1911

Guaranteed

'04

N'asli

B&

&

Oct

107^8 NoT'04

1(1758.

1H2U
1939

&Y

110

Bange
January

Ask Low

Bid

(Continrud)

Ist gold 6s

Isiconsol gold 5s
Pt Huron Div 1st g 5s.l9;;9
SagTustte H 1st eu g 4s. 1931
Pliil

112
107

110
106

PeoA Pek Uu 1st g 68.... 1921
W921
2dgold4>i2S
Pere Marq— Clicfc \V M b» 1921
irUiitct

112'4 Mar'OO

99*8....

. .

t!ee

102

Friday
Dec 2

Hiah
l]2Hill3Hi 113 Nov'04
H <feTClstg58intgu..l937 J.j 112
Sep '04
Hi 113 H; 113
Consol g 6s int guar. ..1912 a-O
Gen gold 48 int guar. .1921 a-O 95 ...... 95 Hz Nov'04

Low Migh Southern Pac Co

Nov'97

10418....

Lewis let g4s...l9;iti
RB €fc Can geu 48.1944

di/

UN
Peo &

Hiali A'o

J

Week's
Bange or
Last Sale

Price

STOCK EXCHANGE
Week Endcnq Dec 2

N. Y.

«1« January

108

Alleg Val gen gu g 43.. .1942
CI<fe Mar 1st ga g 4 '29.. 1935
D 11 B K <& Bge Ist gu 48 g.'30
GrR<fe I exist srug 4 VjS 1941
Ist g 4s 1 '.)43
phUa Bal &
l',)4 3
Registered 4s

Peiisiicola

Ask Low

Bid

W

Since

Last Sal*

2577

BUNDS

Range

Bange or

FriAav
Dee 2

N. Y.

1

92Hi 93

I

88 Hi 93 '4

BONDS— Concluded.
Aliscollancous

F A
F A

A

86 14 Sale

81 14
85 3j
79 Nov'04

7014 Sale

J J
J J

ii.j7

'v!

A

J

7914
Sep '03
Jan '99

76Hi

J

A
A

J J

F A

7 Sale
11034
901.^ Sale
9234 Hate

7
lIOHi
94

923|iSflle

9238

MN
J J
MN
MN

and asked,

a

Due Jan

91 Hi
b

2*'t

24

72

'a

79
79 14

105 'a
97

92
109 Hi
105
971.J

61

9238

87
(13

35

90 Hi
75
52

24

7-^

Duo Keb

8534

Adams Ex col tr g4s
1948 M-S
Am Dk & Imp 58 See Cent N J

IHj
4 10734

63
!.783

11
c

9'-i
1 1

3

'v

80

07 '4

6834

95'8
95I4

6><34

Due Mar

d

10334 Sale

Am SS Co of W Vag5a....l920 M-N
B'kl'n FerryCo 1st cons g 58 '48

llO'v

07 >,
95 '8
06 -4

_

ChlcJc&

>.,

MN

63»4
5734

97 Hi

.

97 Hj
99
93
99
92 Hi
92 Feb'04
109 109Hi 109
109
108 '2
103 Hi 105
97 Hi Oct '04
1063^ tiale 104H» 10534
90
00 Sep 04
87
73
75 Nov'Ol
Nov'(M
4!)H? 60

A
F

18S6

FA

St Yard colg5s.l915 J-J

& M Id gr incomes. .191
Hoboken L i I gold 68.. .1910
net M

.\

O

104

10034 J'no'02

63
100
74

Sale

63
10734

79

78

63
Nov'04
Nov'O*

60

<fe

Yds 1 st 4 'as 1 930 J.J
St l>Ter CupplcsStat'n* rvoii
Co Ist g 4 His 5-20 year. .1017 J-D
H Yuba Wat Co con g 6s.. 1023 J-J
sj) Val Wat Works Ist 68 1906 M-S
U SRedJb Ref Ist 8fg 68.1931

Duo Apr ADue.riy

100

60

6684

107'4 10734

76Hi

83

M-N

Mad Sq Garden Ist g 58..191'J M-N
Man Boh 11 L gen g 48.. 1940 M-N
N ewp No Ship & I) D 5s rfl990 J-J
N YDock 50yr Istg 48.. 1951 FA
St J oaeph Stk

104

103

927,

Feb '02

9234

NOT'04

89 Hi 92»4

.

fc

Ouo

.\ng o

9SHi

112 J'ly'04
llSHiJ'ly'OO

80

Due Oot p Due Not

7

80

112

112

"iq" 'bo"

Dae De« »OptlonsaU

S

2 5
1

BOSTON STOCK EXOBANaE -Stock
Share Prices— .Not Per Centum Pric««

Monday

JuesUay

Hov.'JS

Saluriiay
Aov. 26

Ifoti.

88 '< 88 «8

870b

111314104

»lbA\ 154
•242
1C8

li3

263

253

253
155

164

154
242
169

'242
lC8'-ji69\,

....

Wednetday
Jfov. 30

Jd
88
103
253
154

STOCKS

Thursday
Dee. 1

Dee. 2

KXCHAXGE

P8
88 •«
103 \ 103 Si

103

103-fc

llt3"8

10:!

253',

23:^14

154

154

254
154

254
154

254
154

242 242
169^1170

88

Skaret

for Year

Hange

1004

the
Jfeek

0/

Lowest

lor f^evioutr

Year Cl'JOJ)

Highest

Highest

Loviest

Kailroads

253

Si

Mange

Sales

BOSTON STOCK

lYlday

Weekly and Yearly

Record, Daily,

887,

87»4

154
•242
242 ....
z168Sj10834 170

S8\ Atoh Top

Do

'j

<fc

.Santa

FelOO 4.243 64
100
100
100

iiri'f

Bostou .fc Albanj'
Boston Klevatpd
Boston t& Lowell

Marl4 89 »4 Not2.;

582 88 Jan
60 23934 J'ne 7
229 X137 Feb 5
6 230 Mai 11
142 158 Aug 3
169 Apr 1
295 Feb 24
136 J'nely
rllO%J'nel5
28 180 J'ne 14
2 100
Apr 6
Jan
"56 276 J'ne25
133
6
440 2414 Jan
6u5 73 Jan 27

5414

loJUNov.'O 85
Dec 1 244
l55 Novl7 '134

254

Ang 89% Jan
Aug 103>4.I.in
J'ne 262% Feb
Aug 154 Jan
Aug 250 Apr

lOOi
242 "a Nov 6 |230
170 Bo.slon <fc Maine
100
170 NovS 161 J'ne 195
Ian
Oct '04
Do pret
100
174 Oct
170 J'ne 177 ,Vpr
•302 ...
303 303
302
302 302 303 ....
303 Sj 303 Si Boston <fe Providence 100
303% Dec 2 |290 J'ly 306 -Mar
152 162
1517gl61'6 152 152
150Sil50Si M.il 15i *i:-i
152 Chic J line Ky <fe U S y 1 00
154 Oct 2'i 133 Sep 157 Jan
Las t Hale /85Sj Not'04
Do prel
100
124 Si Jan li' 110 Nov 125 Jan
•185
1S6 1»6
185
186 186 Si •185 ...
•1S5
Con <fe Mont Class 4 1 00
l80 Novl7 1S4 Nov 196 Si Mar
16L 161
Conn <fc Pass Hit prel 100
16:: Si Jan
160 Jan 170 -Mar
Last .Sale
Oct '04 Connecticut Uivor...lOO
285 J'ue'.O 270 Aug 286 Feb
•140
140 140
140
142 142
'139 141
141
141 Fitchourg pre!
100
142 N0V.3 131 J'ly 143 Si Feb
60 32 *60 62
•60
•52
62
61
63
54
54
64 fla Ey& Electric. ...100
52 Dec 2 25 Oct 39 Si Jan
81 82
•82
82
82
82
82
•83
83
83
83
U(i pier
100
83 Aug 18 76 Dec 83 Si Jan
Last .'iale 4.'
Mar'o.i Houston El'tric com. 100
42 Mar 42 Mar
Last fiale
NoT'OJ Maine Central
100
170 J'ne 7 176 Apr
173 Si May 180 Feb
•16
16
16
16
16
Itj^!
15 Si 15 Si
15
15
15
15
413 1 1 14 Sep 1(. 24 Jan 21 17 Nov 3734 Feb
,Ma8s Electric Cos
100
62 -i
62
62
62 Sj
62 ^ 62 Vj
62
62
62 14
62
62 Si
62 S;
745 62'4 0ct 2] SOU Jan
Do pref
100
75 I'ec 96 Jan
•32 Hi 23 Hj •22 hi 23 Si •22>a 23 Si
22 '4 2 2 '4
2134 213^
21 Sj
15
2!'t Mexican Central
100
6 Apr 25 2 3 '4 Nov 2 2
8% Nov 28% Apr
^
196 '4 196 Si 196 197 S, l'.<7
196>al9G»2 196 196
196 Si 196
197 Si N Y .\ H <& Hart. ...100
674 185% May
199 Oct 22 tlbSHiMay 225 Jan
Last Sale I'iS
Ang'04 Northern N H
100
159 Aug24 163% Apr
161'4Dec 173 Sj Mar
229 232
Last Sale 'iSy
NOT'04 Norwich <fc Wor prellOO
222 Jan 29 232 Apr 21 20 .Sep 232 Mar
•203 206
203 205
206 206
206 205
-203S2205
205
205 Old Colony
111 198 J'nel3 07 Apr 2 196 Aug 212% Feb
100
75
74
75
74
75
11'^
Pere Marquette
100
74 J'ly 26 80S. Feb 1
74 J'ly 91 May
9 '8 "79 "i "79 Si
79
79 Si 79 Si
79»a
7
79 Sj
110 68 Mail" 79 Si Nov.
Do pre!
100
68 Sep 86 Jan
62
62
59
63
6234 65
62
62Si o6\t
65
66
Rutland pref
100 3,8.Sl 29 Aug 12 66 Dec 2 30 J'ly 71 Jan
Last Sale 2514 Oct '03 Sarannah Klec com. .100
7 J'ly 26 Jan
•40
40
•40
40
4U
40
*40
41
60
41
100 40 Jan 15 42 Feb 3 75 J an 8434 Jan
Seattle Electric
100
•93
94
94
96
94
94
94 Si 94 Si
941a 94'-.
103 87i4May
95 J'ly 8 91% Oct 104% Jan
Do prel
100
llSHjllSOg lU^bllSSs 11538 116 -J 115'4ll6'8 II6I4 1153s, Union
116 116'
100 6,969 71%Mail4 116%X<-v21 6634 Aug 104%Jan
Pacific
iJ4'4 94 14
94 -'a 95 '1
94 "a 94 Hi
*94>a ye
94Si 9iSi
19;.i
95 Si
95 S.
Sui4Mar
100
Do pref
95 Si Nov 7 83 Si Oct 95 Jan
Last Sale 173
NoT'04 Vermont & Mass
160 .Mayl6 173 Novj2 j;162 Sep 178 Feb
100
92
92
92
92 Si
92 Si 92 Si
91Sj 92'
92 Si 92 Si
9 2 Si
liCSi West End St
75
89 Jan 4 93 Mario 87 % Aug 97 Feb
50
112»2ll2'i 112 Sj.
'H2S2.
113
112SJ.
112Sj
113
17 108 Jan 4 113%.A.pr2i; 108 Sep 116 Feb
Oo pref
50
Last dal^ '6% Aug'U4 Wisconsin Central... loO
16i4.Tly 27 17S!Feb26 1 5 % Nov 26% Jan
Lait Sale 7% Aug'04
40 '4 J'ly lb 3818 J'ly 52 Jan
100
...I 37SiJ'ly2Do pref
146 145
146 Si 146 Si Wore Nash & Rocli..lO'
64145 Jan
146 Si Dec 2 144 Sep 160 Jan
Misceltaueouii
20I4
1958 20Si
2OS2 2OI2 *19S! 2OS2
19
20
SOVj 20 Si
22 Amer Agriciil Chem.lOO 8.186 12%Aprl4 22 Deo 2
9 Nov 26 Feb
8334 84
83^4 84'.;
83
84
*b3Si 84
83 Si y4i.
85
86
loo 1,213 71 Jan
Do pref
86 Deo 2 66 % Nov 86 14 Feb
6 '4
6
oSj
6
•5 Si
6
6
6
6Sj
6S, •5Si
6
435
3% Feb 4 638 Nov 5
iijner Pneu Serv
50
3 Sep
7
Mar
25 '4 2(j *25'.2 26
•25>4 26
25 Si 25 Si
2 Ola 25 Si
2oSj
25 Si
11.)
.30
17 Feb 2" 27 -2 Sep lo 12 Sep 24 Mar
Do pref
148 '8 149
14779 lii" '4 MT'slOO^fe 149
150
150 151's Xl4o'8 149 '4 Amer Sugar Ketin
10( 23,411 122%Feb24 152 14 Nov] 8 107% Oct 134%Jan
138 '2 1 38 Si 137Sj139'-2 138 140
138 Si 139 '4 l,-i9 139 a;l3iJSi 137 '4
720 122 "i J an 5 141 Novl7 116 Aug
Do pret
100
14HS8 148
144-^4 146
145^4 148=8 147 Si 14914 14a
147 '4 148 Si Amer Telep & Teleg.lOO 10,744 119 14 Feb 19 149 14 Nov29 lll%Oct 123% Deo
148
169% Feb
^3
23 '4 24
24
2234 23 Si
22 S2 '^3
23
23 Si
23
ri\ Amer Woolen
6.969
9 Feb 19 24SiNov21
100
634 Oct
14% Feb
9234 94
94
94 Si
93
9284 931-2
94 "4
93
93 Si
93
93 Si
Do pref
100 3.315 68% Jan 19 94SjNov2a 65 Oct 79% Jan
-3 '4
*3i4
•3'4
"314
314
3
3
3 Si
3 Si
3Si
3Si
75
Nov2ii
3 Si Boston Land
10
3
4 Sep 23
3%J'ly
534 Jan
'117Sill9 118Sil20
120'8l20'8 120 120 s 119 Si 120 Cumberl Telep & Tel loo
*117S!ll9S;
10 112% Jan 15 ]20%Nov3o 115 Oct 127 Jan
18
18
18
18 Si
IS^ 19
18Sj is
l«Si 19
18%
1,910
18Sj Dominion Iron & St
7% J'nel3 19 '4 Nov 12
6 % Nov 62%Jan
7I4
6a4
6^'4
-634
•634
71,
Last Sale 7
714
yi^ Jan 23
7 Si
Jfov'04 East Boston Laud
7 '4 Oct 1^,
5 % Oct
834 Jan
250 25U
26J 253
253 253
'376 230 Feb 20 265 Aug22 223 Dec
247 Si 248
253 253 Si 253
253 Edison Elec IlUun...l00
310 Feb
191
191 192
191
192 '4 11'3
190 Si 191
191 191
191
'..9
191 General Electric
al51 J'ne2;.; 194 Nov2^. 138 Sep 204 Feb
100
4Ui8
41
41
40^8 41 14
4018 40'l
40'8 41
40
39 Si
40 Mass'cliu.setts(jasCoslOt 7,6 i8 37% Mario 44 >4 Augl8 30 J'ly 483* Feb
81 '8 82
81 '^ 813,
81 14 3l=8
82^8 8218
81 Is 81 '4
811,
81%
74 14 J'ly 88% Feb
Do pref
100 4,793 7734Mai-l4 8434 Oct 2
20U 20U
198 200
•196 Sj...
197 199
198 198
198
198 Mergenthaler Iiino..lO(i
190 173 one
200 Nov2 16414 Aug 190

1C8

i69'i

Sj

Last Sale 170

f,

. .

"-J

'-2

,~

1-4

'•2

'

2%

2\

'i

138

236

238

231 235 Si
*8
9
•112»all3
•
23
•26

•8

9
113Si
23

113

26'

4

4

5734
31^4
141s

2

"4 Si

106 Si 10734
68
58

107
68
31 Tt

81S»

31»8

Si

140

1

...

4
107

2I4

2S,

134
1

•184

138

2Si

141

•10
238

243

236

243

9

9

9

9

,113Si

23

'

26

4Si

107 Si 108
68
58
31-'
31

29%

29»4

91^8
3284

941*

9618

91^8
31-4
93 ^ig

834

112Sill3
23
•26

4

113

...

•90
•97
6I4
I8I4

Sj

6V
18Si

78 Si

8U3.

13

13

li«

37"^

14
62 19

2

13
5Sj

30

3
13

Si

6\
30 S2

2^8

3

30Sj
H

31

l"*

8',

1'4

10

10
65S» 56
4I4

4

6S1

22 's
100
93
107
6S1

1\
19

Si

Si

al»e

3134

7S»

734

'2834
•714

291;

•42

U'.

71Si
14

661,

314

6

723,

60

7 Si
•44

72

Si

1418
65

314

13
Si

30

61I16

3
Si

3
2714

8'k

8%

30

818

1%
.^'»

66

4%

3-4

13S.

5%

30% 30 's

31

2%
29

314

1318
6 Si

134

10
67

•li*
934

56 Sj

i\

4 '4

3

Si

29
9I4

ISi

10
67
434

...„.

"i'b' jy^
28^4

28 Si

96

9734

30

'4

3Si

115
•2

31
3S»

115
Si

23<

2^4

2\

10'4

lOSi

130
4

130

4S

27 =8 283,
97
3IS2 32I4

96
3

Si

116
2Si
2 '8

10
132
4

3

Si

120
ig

2Si
3
1034

132
4

2
27Sj

28I4

94

96

Si

32
3Si

117
2Sj
234

10
loO

13«8

14'»,

14

Ijis

3Si
S834
14Sl

26

27 '4

12
45Sj

12 Si
45^8

26 3» 27 -4
12 '4
12
45 Si 46

6'«

6I4

2634
12
44Sj

11

109
•2S>

111*

109
2»,

6%
11

109

2%

53b
] I Si

109

2%

SI*

11

109
v;%

3^Jl4

4
10734

69

5934

31%

31.8

31%

1

21

21
99

Si

6

Si

31

't

100
93

1

1734

37 14

373,

6Si
17S:
8234

4
Union Cop L'd di
10734 United Fruit

60

U

Do

3134

pref
S lieather
Do prel

Si

100
•zl>

25
100
100
100
5
100
loo 58,052
100 17,939

40% Jan
8% May 13
51%Mayl3
•50 Apr 12

9

1

% Nov. 9

Nov29
Nov

25

1,235 •75

25

Aug

3

323,

95

'4

7% Novl 1

7,^8:i d3*ie Mar 8 (21
Novl5
82 Amalgamated CopperloO 59,763 43 Feb 8 8234 Dec
Last Sale 75
Mar'iM Amer Gold Dredging
Mario
75 Mar2i
1
12% 13
123,
1,225
8 Feb
13% Am Zinc Dead & Sm.
14 Oct 14
2834 2834
310 15% Feb 24 2934 Novl ti
Anaconda
*2
2 '4
701 25 F'eb 2
ArcaiUan
3 Novl4
1
1
1
6J0 20 J'ly 26
1
Arnold
IS1N0VI4

80%

17

17%

17

17

s

Allouez

81

7,191
Feb 11 22 S, Novl
7
8,430 19 Mar
38'4Nov22
•90
•90
90
•75
1,700 39 May 14 iaiBNovl5
73
7%
7Si
7-', BostouConCifeG (rcts)£l 13,210
7 Si
7%Novl7
6 Oct 27
675 675
675 077
lu9 435 Jan 4 700 NovlO
675
676 Calumet <& Hecla
25
•20
-M
60i •05 Apr 23
Nov 18
10
"29"' Catalpa (Silver)
28I4 283,
28 Sj -9 '4 "28-%
Centennial
25 3,086 d U '•2 Feb 8 f 3234 Nov 11
7I4
•714
•7I4
7 Si
7'4
135
25
6% J'ly
7% Central Oil
10 May20
•37
•4i
•37
^40
•39
•40
Cons .Vlerour Gold... 5 2,830 20 J'ly 15 •75 Jan
Last Sale 11
7 % Apr
Oct 18
Nov'04 Continental Zmc
25
14
70 Si 71
70 Si 71%
70 '4 Copper KiingeConColOO l-',59d 38 Feb 23 '74Si^'oVia
69%
13 Si 137b
13 Si 13
13
13 Si Daly- West
20 2.128 1034 Aug
36 Jan 2
6618 66 Si
66 Si 66 S,
66 14
66'-. Dominion Coal
7io 40 J'nc2:i 72 J an
100
116 116
26 103 J'ly
Do pref
100
116 Nov3j
"3"" ..„. ...„. ...„.
3
3
134 J'ne
780
4 N ov 2
Elm Kiver
12
13
13
12 Si 1234
12 'J Franklin
7 J'ne 2 16 S; Nov! 2
12%
25 1.032
5% 5»ie
5% 5 Si
5%
6% GranUy Consolidated. 10 35.850 2% Mar lb oiiieNovjS
30 Si 31
3034 31%
31%
31% Greene Consolidated, lo 3 2, 085 20 Oct 19 Si's Dec 2
334
3 Si
4
6
334
Deo 1
4'„ Guanajuato Coiisol..
16,909 62% Feb 15
6
263^ 28
25 '4 263.
vj May
261. isle lioyale (Copper). 25 1 .020
li
25%
3814 Novl 1
83,
8Sj
'^5
9\
t9'4
5.287 d 3 Feb 25 t9'4 Dec 1
9 Si
9S Mass Consol
114
1'4
1''16
•_'5
*1'4
lh«
550 45 J'lJ'l
2 Nov
ISi Maj-tlower
9 -J
9 Si
9
9Si
9
Novl4
25 1.79
Michigan ..
,J% J'li^'lO 11
9
66'4
55
55
56
65
3,750 34 '8 Feb 8 67S2^'ovi8
55 MoJiawk
434
4Sj
4%
434
•JI4 Jan lii
4Sl
22.645
63, Aug30
4\ .Montana Coal A; Coke
„
La Si Sale i%
40 J'ly "
l%Sep
Oct '04 .Mont cfc Boston ctls..
2
nsi _i%
'"so •50 J'ne
2'4Novl4
ISi
l%01d Colony
27
27 S^
27Sj
27 S»
2,661
28^4Novl7
27%
27 Si Old Dominion
914 Feb
95
95
95
97
Feb
95
1.639 63
96 Osceola
98 NovlO
32
32
31Si 31S2
32
33 Novi8
32 Pariott(SilvtS; Copp) lo 1,571 2ii34 Feb
3
3 '3
3 Si
3S
tilO (^•50 Aug
25
3%
3 "2 Phteuix Consol
t6 Nov
115 115
116 117
196 80 Feb:
114
114 Quincy
25
125 NovlS
1% 2I4
1% ^'«
2
390 •50 May^3
ilhii.ie Island
25
2
i Novii
o
23*
2%
2 -8
3''. Novl4
234
234 SantiFe(Gold<& Cop) io 2.005
1 igJ'nc24
9
10',
9-4
9
9'b
10 40,.sii
I034 Not28
9% Shannon
31.J Augi:;
125 132
12s 128
28 i 85 Maj31 140 Nov 10
125
130 Taiuarack
25
3
3Si
3Si
3Sj
recumseh
25 1,7J5 ••2r> J'ue20
4% Nov 29
393^
39
41
43
41*4
42 '4 Tennessee
26 6,7oi' 34 Nov 10 43 Deo
143<
1334 USi
14
25 :3,237
334 Mai25 18 Sj Novl-.
12%
11 Trinity
-MailO
loo
Mar'04 United Copper
6 Marl9
'27"' "27% Last Sale 6
27% 28
281*
28 >, UmtedStates Mining 25 7iV408 lb Jan 4 28^4 Dec 1
* 1 3,
1134 12
11 >
12
11%
Unit States Coal diOil 25 -,444
8 % J an 4 I234N0VI8
44% 45% 4434 4534 46%
Jan 2 47 Novl8
46% Utah Con (Gold)
5 20.532 30
514
63^
2i8J'uell
6
25 14,30
6% Novl 4
4Sj
4S! Victoria
11
11
if' 11
Feb23 13-3eNovi..
11
ll%Winoua
25 1,845
5
109iallO
108 108
107
107
Wolverine
25
657 69 Juu
110 Nov29
2 Si
2 Si
2% 2%
2%
2'hlWyanUot
25 1,146 •50 Feb 23 t3 Nov
rfBelorepay'tof assess'tsoaUediH I'JOV 'Bid and a,a Iced. J New stock. rAos't paid. tKi-rlghts.

37%
90
7%

SI-'

17Sj
3718

18

373,
•85

Atlantic

10

1-2

::

1

1

'•J

.30
4'4

'-2

40
16 Si
''4

27

i

'4

1-^

45

1

Si

0^,

U'4
110
234

1

1

»B6l»rep«y'tof»a8ee«'t8 0aUe«ilnl903.

Jly

33
10

57

4934

Jan

"a

•••g

2
Dec
3 '4 Jan
3334 Oct

Feb
6 Jan
15%.riy
Sep

li4Feb
1234 Mar
31% Feb
6 % Feb
•95
Mar
14% Feb
39 % Feb
•90
Mar

Apr
Oct

Dec
Dec
400

Jau

18

8% Mar
75% Mar

•50

-J.

'.2

2S/
^'«

38% Oct 53 Jau
27 Aug 31% Feb
7 Sep 15% Feb
7134 Oct
95% May
9 Oct
18% Feb

-J

Bingham Con Mln<fe S
Bonanza (Dev Co)...

".I

3'>((

Llrf

197 J-ly 237 Jau
6 Si Dec 10 Feb
99 J ly 132 Jan
25 J'ne 2634 Jan
28 J'ly 2934 J aa
134 Jan
5 Apr
91 Aug 111 Jan

Nov 39% Feb
Nov 89 Jau
•75
Jan 14 'i>^ Jan •80 Mar
1,653
6%J'ue
7 % Nov 28 Jail
23Si^'ovl4
3l>9 76
Marl4 10oSiNovi4 71 Oct 102 Feb
15 7534 J'ne2S 92 Novirs 67 Oct 108 Feb
too % Aug
100 Jaul5 a034 Oct 110 Jau

iMJiiing

Adventure Con

J'ly

ilarl5 243 Nov2a
150
6%Jan 19 9 Nov21
446 .j;9934Mar21 lie Oct 10
22% J'ly 18 22 Si J'ly 18
24 Si Oct 21 26 Nov 16
265
2 Jan 16
6 Oct 29
1.567 95 Feb
113 J'nel
1,671 46% Feb26 61 Nov22
1,160 28 Jan 28 32 Oct 20
250
14%Novl8
6 Si May 1
77 JanlG 95'(,Nov23'
10»4 Feb
34 Novls

21 Si West Telep & Teleg.lOO
100
loo
Do pref
yo Westing El & Mfg.. . 50
Oct '04
Do pret
50
61,

Feb
Novl
l%Oci
2%Jan
Nov3j 121 Nov 139 Jau
Jan 2s
9 Apr 20 Jan

2,6G4 2(18

Mg. 25

United Shoe Mach...

NoT'04
Kov'04

6I4

2,110

PlautComt'stslkcoailOO
Not'04
100
Do pref
239 Pullman Co
100
834 Iteece Button-Hole.. 10
100
113S. Swift & Co
Oct '04 Torrington Class A.. 25
Nov'04
20
Do pref

J

211a

1% Apr 30 23j
467 118 Fob -23 141
la
%Oct
4
8 ucl 10 17

Mexican Telephone.. 10
lov
N E Telephone

U S Kubbor
Do prel
32% U S Steel Corp
9318 94
93
94
Do pref
Last Salt •60
NOT'04 West End L,aud
"31% '32

17

'i

iVo"

14

634

1"
81

17S2

680

4
4
10734 108

100
'91
90
Last Sale yi

2'4

1%
3734
•95

•90

Si

13

2

115

13

6S,

la's

680

-20
29I4 291^
7 'a
7 S
•35
"45

1334

21

13H)

3714

680

65

21

3234

99Sj10u
•91
93
•98 100

79%

•20

710b

9418

81%

18

U3

59

108
59

31%
93 Si
70

17

ISi
*1

113Si

834

Last Salt 95%'
Last Sale Si

18'.

17

834

14

107
58

4Si

1738
8038

••90
^95
7=^
7',

116
•3i8

6^4

19

2

680

72 '4
14
63 Sj

•91
•96

13
2918

11^

•20
2914 291,
7
7
•33 •36

100

6Sj

18
80i8

18Sj
37Si

>80

••70
20Sj

92
105

-97

114

•20

71

20
10i»

19
37 Tr

•95
•95
"\
7Sj

660

20
100
92

13
29

2\

3

18

VO

*

21

9434

238

Last saci 22 Si
Last Sale 25^2

....

4

240

'285

14'.

100
92
105

iio"

Last Last 12

14 '4

'70

2

141

15

14'(,

29 'b 31I4
94 14 95 14

2I4

aSi

140

1

Mar

551
10

J'ly

•OS

Feb

12

J'ly

31% Feb

Sep

9%.i'ly

534
•35

Nov

Feb
Jau

12^32

10% Sep

16

J'-iar

37
31
59

75

Feb

J'ly

Nov 48 Si May
Oct 131% Jau
Oct 118% Feb
2 Oct
5 Mar
7 J'ly
14 Feb
334 J' jy
6% Apr
Si

lod

iu

Dec

Jau

3

5i4J'ly

17% Feb

3

J'ly

18

\>0
434

Dec
Dec

31

2%

J'ne

16

J'ly

2% Dec

7

Oct 126

Nov
1

% Feb
% Feb

4

J'ly

'/

Feb

23 % Feb
79 Feb
34 Feb

Oct

43%Jly
SO

Feb

2% Jau

11% Feb
J'ly bS
Feb
Nov 8 Mar
Nov
2% Jan

Dec

3

Feb
Jau

14% Apr
190

75

J'ly

Nov

li'iB

Feb

173^

Jan

3334

Mar

25

J'ly

Feb
3134 Jau
27% Feb

Dec
Jau

33% May

14

4>4J'ly
4 Dec

16V
8

22

17

l%Dec

6SiJ'ly
61 J'ly
lO

i'eb

Dot

1

9
1434
77

Miir

Feb

Mar
Uxt
2% Mar

oBx-dlT.4right».

5

Dec.

J

'

IWSUS

Range or

Fridav
Dee 3

4s...-

1.'<

y

1-^1» J-J
1910 J-J
Sinking fund 4s
Butte & Boston 1st 6S....191 A-O
Mo K Ist '8.1.916 M-N
Cedar Rap <fe
1909 J-D
2(j 7g
F
Cent Vefmt'ist g 4s. .Mayl920
Chic Burl * Q extend 48.1905
A-O
Ist 5s
Iowa DiT
iKifu^ «
1919 A-O
/

n

^xM
1922'

F-A

1927 M-N
1921
1949 J-J

MS

B<fcSW8t48

Div 3 >^s

Joint bonds Se« Gt Northern
Chic Jo By <fe Stk Yds 6s . 1915
CoU trust refunding g 4sl940
Oh MU <fc St P Dub D 6s.. 1920
& St P Wis div 6sl920
Oh
Chic & No Mich Ist gu 58.1931
Chic <feW Mich gen 68.. ..1921
Concord & Mont cons 48. .1920

iio" iio'
117

117

V

M

125

J-J
J-J

124^4

M-N 105
J-D 108

••;

AC
191 MS
1906 M-S
191o MS

(;oal 1st Cs

Eastern 1st gold 68
Fitchburg48

4s
FremtElk&MoVlstGs..l933 A-O 138
1933 A-O 138
Unstamped 1st 63
98 =
Gt Nor C B <fe Q coU tr 4s 1921 J-J

1921 Q-J

Registered 48

NOTE— Buyer

I2

lOlv.

No price

-

ACTIVE .STOCKS

Thursday

(For Bonds and

J'Yiday
Dec. 'i

Dee. 1

19'-2

1834

19

38

38

38%

934

8

16"

9

912

1841

1134

483.

1834
38^4

Hi

Friday

'2

2534

1318

13
\i)\ 11
I314 13

13

11

42 H

68

68%«8l3i8
41
8*4
8
18
18

6S3i6

4034
8

40

4W

8

18% 18%
38 14 387i

•4334 44 14
•3934 40 '2
•5834 59
IO4I4 105

4%

4^19

4934

25%

4934
253^

7
7%
13% 17%
10% 1034

8
17 14

9%

8%

18 14

17-'4

26%
13
40
105

881* as^i,
4334 4334

40
59
69
1U4<2106>2
40

a:4834

26%

12
12
3934 40
108'2l21i2

131.

IO8I2

52%

51

414

4%

40
109

40
108

40

•'iO

182
44

Consol Lake Superiort.lOO

10

.....100
18-%
Do pref.t
1038 Electric Co of America 10

12

52%
4%

V>

4%

69
41

>«

1041410414
lOli^lOliu

103 1« Aug'04

103

Mai'02
Nov'04
Nov'04

91

96

100

10334

102
96
10312
107
104

I2OI2I2I

9

'g

Gen Asphalt interim
Do prel interim

40

39
123

116%
109^4

100 12 113

71% bO%
10134 10214

102^4 Sale

lllVi

87 14 J'ly '01
lllVj

lll>2ll2S

latest bid

and asked.

tor Previous
Year (1903)

Range

51

J'ne 3

Feb

8

5134

69»i8
411.

"-^

Oct 31

III4N0VI6
14'2Novl8
44'2Novl8
131% Deo
55% Dec 2

1

I

SI

M»yl6

1934

Oct

10734

NovlO

22

J'nel8

131

Highest

Lowest

Highest

5 85% Dec 2
J'ne 2 109 Nov 5
7 J'ue21 19%Novl9
Nov 18
1334 J'ne21 40
14% Deo 2
534 J'ne 1

734

ctf s.

Weekly, Yearly

71

43

gssjios

Trust Co.

11

102^4

105i«105i«

lUH

449
5% J'ly 15
265 20 AuglO
273 62% Jan 14
455 33^4 Feb 26
213
2% Mar 3 4^..Nov)ri
672 55% Marl2 69iiieDec
667 37%Mayl" 43% Oct ll
9% Deo
5 May2o
940
8 Jan 6 119 NovLl
399
19i2Marl4 39610 Nor30
,229
532 38 Mar i 44 % Oct 2
,028 28 Marl 4 m^ie Oct 20
59i4Deo 2
899 45-'4 .Tan

131H LemgUCoal<fe Nav.... 60

1034"

100% 105 Vi
94 115%

Nov'04

11539

IO912

18%May25 25%Nov2>
%Mayl3 t 9%Nov30
l%Mayl3 1 18% Dec 2
689

ctfs..
ctfs..

's

Feb '03

Range for Tear
1904

50
5334
52% 65% Lehigh Valley
100
4% 438Mar8denCo
4% 4%
50
69 la 991 1 19 68IS18 69 "4 Pennsylvania RB
Philadelp'a Co (Pittsb) 50
41
41% 41^ 41
9% 934 Philadelphia Electric 25
91 19
734
9%
8
18% 1 8 Phila Rapid Transit ... 50
IS"* 18%
18% 181.
18
l^
50
38
SS^ie 380i9 39S16 38ili« 39% 38iii6 895ie Beading
44I19 44I19 *44
50
Do Ist pret
44'a
43% 43% 43i5i9 44
50
Do 2dpref
4O10
40 "2 *40
40 "u 401a •40
40
40
50
5"
59% 59 14 Union Tracton
59
59
5834 59
58%
50 22 ,S87
10513106% 104% 105 14 104% 107 '4 105'al0634 United Gas Impt
1001
*19
WelsbachCo
21
6834 693i8
4II4 41 -4
846 8T16

10014101%

102^4 Apr 'Od
lOJ'-jOct '04
102 W2 102^4

Daily,

281

11

10014 1021^

10414 J'ue'04
loivj j'ne'04
121 J'ly '04

58% Deo 72% Jan
84 % Oct lis Jan
1034 Dec 28% Jan
8

Jan

45

Oct
Oct

20

14% Jan

Dec 52% Jan
17% Nov 2634 Jan

40^4

382

81*18
1734

18'*.
IOI12

106 V Mar' 03
100i4NoT'04
100 14 Nov'04

67% Jan

50

48% 48% .American Railways
25% 26% Cambria Steel

2534
9

10%

10% 10%

Slig

1034107
oU% 52

4%

4934
2534

4P»4

42

100 104 "2
49 lo 60

4%

1334

10%

253.

2:>\

42

25%

60

102 103
L02i«104>*

Apr '04

102

511
1,060
1,985

450

102%

10134

Aug'04

80% Sep '04
102i4Sep'04
105i8May'04

Lowest

Pliilndelphia
49'u

103
103

102i2l02Hj
44 93
971a

'04

102% Oct

16%

6^8

75 J'ne'O
102i.:Aug'04
94 14
95

Sale

95

the]

9,445

118 118
58 !« 7638
25
13

Nov'04
l(i'»6 Nov'04

25

Shares

1-2

921^
81
IO2I2IO6I4

7638 Nov'04

Week

Stocks see below)

108

;

99
96
9334 101
128 128i«
97 lOOSg
107H2110
117 125
961^
92
IU6I4 10818
100 H, 101^4
I2OI4 122

1-^

75

Sales
ot

Inactive

100
851a Consolidated Gas
50
Northern Central
100
Seaboard Air Line
181a 19
100
•»38
3812
Do pref
121a I412 United Ry & Electric. 50.

85
107

18%

10% "10%

18\

383^

9%

1912

To"

194
3834

•19%

85I4
84
IO512IO6H2

84
107

84
107

84
109

83
103

84
103

84
103

84
105

IO6I2
100

J-J
J-J

Exchanges—Stock Record,

Baltimore
84
•102

A-O

1917 F-A
Gold 48
Western Teleph & Tel 58.1932 J-J
Wisconsin Cent Ist gen 4sl949 J-J
Wisconsin Valley Ist 7b.. 19091 J-J

"-i

Wednesday
Nov. 30

Tuesday
Nov. 29

Nov. 28

125
97
97
92
91
102 Vi 102 "2
106 12 106
100 1« Nov'04
120HiSep'04
102 J'ne'03
118 Mav'04
124'a

191b M-N

Gold debenture 48

lll'4May'02
137" rii'^
137»2Aug'04
137 137
137 Feb'04
99»4
991* 53 90
98
Sale
98^4 Nov'04 .... OO-Ir 98»4

Boston Bonds.
pays accrued Interest in addition to the purchase price for all

Monday

Sale

West End Street Ry 4s. ...1916 PA
1914 MS
Gold4i28

Share I'rices— Not Per Centum Prices
Saturday

Sale

92

Wl-S

MS

100
10512109
10314 104 »s
10212 103

Philadelphia and Baltimore Stock

WIN 125
M-S
97

—

RR&

103>4 Nov'04
10210 Apr'04

lOOSgOct '04
10Si2NoT'04

J-D

.

100 108
105 la 108
100
95

12.Si«J'no'04

1915 A-O
1905 J-J 100 V«.
1906 J-J 100 >»
Igt 68
1924 F-A
Colony"gold 4s
Old
Oreg By & Nav con g 48. .194b J-D
19'22 F-A
oreg Sh Line Ist g 6s
6s... 1919
Repub Valley 1st s f 4i-!8.1941 J-J
J-J
RuUand Ist con gen
Rutland-Canadian 1st 481949 J-J
96
Savannah Elec 1st cons 5s.l 952 J-J
1930 FA 103
Seattle Elec Ist g 5s
---19lg M-S
Torrington Ist g 58
Igrg 43.1947 J-J
Union Pac
1911 M-N
Ist lien conv 4s
109 110
United Fruit conv gen 68. 1911
Steel Corp 10-60 yr 58. 1963 M-N
US

123Hil24'i2

98 Nov'(>4
107 4 Nov'04

100

98
107
103

M-S

1^

123 Hj Apr '04
10534 Nov'04
108 Nov'04
10914 Mar'02
112>4.'an'03
100 Nov'04

...

<

W

Dominion

108

Sale

::;

II

97

125'i2J'ly'04

...
...

J-D

Pass R 1st g 4s...l94^, A-O
192
Current River 1st 5s
Ist 4s... 1946 A-O
DetGr Rap&

ConnA

1-!

100
124'4 125

Low Migh

NY&NEnglst78

105% 109

.\01H 107 Nov'04
99i4Nov'04

J-J

Bigli A'o
99 Oct '04
lOOVj 101

Since

Ask Low

A-O 100 1^
A-O
A-O

Maine Cent cons 1st 7s. ..1912 A-O
A-O
Cons Ist 4s
-„-4!^i?
Marn Hough <fe Ont 1st 6s. 192o A-O
Central cons 4s. .1911 J-J
Mexican
Jan 1939 J'ly
IstconsincSs
Jan 1939 J'ly
"dconsinc 3s
Mich Telep cons 5s tr rec.1929 J-J
Gen Elec con g 53 1929 J-J
Minne
FA
New Eng Cot Yarn 58 1929 A-O
1906
New EngTeleph 6s
1907 A-O
fin
1908 A-O
el

'

A-O

January 1

Z%

Last Sale

J.J

KanC St Jo<fc C B 1st 78. .1907
TjR&FtSmldgr lst78...190u

112i2Jan'03
112 113
112»8 0ct '04
US'*
100 <4 102
100^4 Sep '01
100>4...
9934
99^4 Nov'04
99
99H...
100 J'ne'Ol
128 1291s
129 >« Sep '04
129 J,
117i4Feb'03
113
54 78
81
81
80
81 Sale
9912IOO
100 Sep '04
107 Jan '04
10014 io6i4
100 14 Feb'04
104 105
105 J'ne'04
10 99 14 100
100
100
106 Vi Dec '02
98 ^2 99 H
99^Nov'o4
98
9018 94
94 Sep '04

Non-exempt Os

Iowa Div let 48
Debenture 5s
Denver Exten 48
Nebraska Exten 48

94'.;

104><2Apr'00
117 Feb'04
99''9Jan'02
101 Mar'03

FA
FA

>2

Range

o;cc

Week's

Range or

Bid
nimois Steel deben 5s.. ..1910
Non-convert deben 5s. ..1913
la FaUs & Sioux C 1st 7s.. 1917
Kan C CUn & Spr 1st 5s.. .192.->
Kan C Ft S & Gulf 1st 78.. 1908
Kan C Ft Scott .& M 6s.. ..1928
1934
Kan C M <fc B sen 4s
1934
Assented income 5s
M Ry & Br 1st 581929
Kan C &

109 110
97»8l02'8
97
87

Oct '04
102 V,

Si

iio" Feb'iu

Boat & Mon 3(1 issue s -|904 M-N
Boston Terminal 1st ii^s. 1947
19J.W J-J
Bur & Mo Riv ex 6s
'

'.'6

102 »«
94

9"'4 100
8^14 97

99Te

110
10214 Sale

1

\Z~

Price

Friday
Dec 2

BOSTON STOCK EXCH'GE
WEEK ENDLNQ DEO 2

Low High

High

9934
0534

99^8 Sale
95^8 Sale

MS

.

January

Last Sale

Ask Low

Bid

Am Bell Telephone 48 1908 J-J
J-J
Atch & Nebraska I8t7s..a908 WIS
AtcliTop & y Fe soil K 4S-.199U A-O
Adlustraont ST 4h.....T,ly 1995 Not
Boston Elect Light Isl OS 1108
M-S
ConSOl 5s
}nn^ j-n
!• >'
Boston* Lowell 4s
-14 J-.T
J
'-zs
Boston & M aine 4

BONUS

Ranije
Since

Week's

Price

BOSTON STOCK EXCH'GE
Wekk kndlng Dec 2

Illinois

L»5:9

Boston Bond Record.

3, I9('4.]

Improvement

.

)

%Nov
%Dec

9»ieJan

Dec

1

Jan
Jan
Deo

40^4
I014

7iiBOct

11

Nov 36 .I'lT
Aug 7934 Feb
34% Nov 45% Jan
19

64
1

% Sep

Jan
Jan
Feb
Jan
17% Jan
4

55% Nov

7834
4734
9

35

Oct

5
734
1834

Aug

36

Sep

2734

Nov 40% Jan
4734 Feb

Dec

Nov 34iii8Jan
44iii„

Feb

40% Sep
76
20

Oct

16%JaJi

Aue 31

Mar

.

Rid

PH11.ADEI-PHIA
American Cement

10
50
Anier Iron <fc Steel
50
Bell Telephone
50
Cambria Iron
100
Central Coal & Coke.
100
Preferred
50
Consol Trac Pitts
50
Preferred
Danville Bessemer... 1%

Diamond State

734
4

62 14
47

BetlUe Steel 68 1998. Q-F
Che & D Can Ist 58 '16 J-J
Choc & Me Ist 58 1949 J-J
Ch Ok&G gen 5s '19 J-J
Col St

83%

Elec

Key.stoneWatchCase.KHi
10

111-;

Schuyl H..50
Nesquelioiiing
60

N Haven

Iron

&

Steel.

North PeniiHylvani.a..5u
50
Penn Gas Coal
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preterrfd
100
Phila Co (Pitts) i)ref...;'.0
Phil German
Xorris.SO
Phila Traction
50

&

Railways General

Susqueh Iron

<fc

Tidewater Steel
Preferred

Annuity 6s

Gen cons

100
"9*4

46'

95
46

'2

160

97% 98"
4

4%
2

10
10

M
J-D
ID

2d 7s 1910
Consoles 1923

3
1033,

1%

10

Steel

tr ctfs

GenM 4%8g.l924.y-F
Leh V C l8t5s g '33.. J-J
Leh V ext 48 Ist 1948. J -U

50

&

Ist 6s. '33

Peo Tr stk

Indianapolis By 48.1933
Interstate Bys—
F-A
3-3%-48 1943
Lehigh Nav 4%s '14. Q-J
1914. y-F
BBS 4s g

50

Little schuvlkill

United N J BR <fe C. 100 278%
Unit Pow & Trans
25
50
United Trac Pitts
50
Preferred
Warwick Iron<tE Steel. 10
West Jersey <fe SeaSh.50
Westmon-liind Coal... 50

10334

903,

103
44

CouM

110

i'09'

110'4

115

99% 100

Elm <fc WU 1st 6s 'lO.J-J 109
Eq II Gas-L 1st g 58 1928
H <fc B Top con 53 '25 A-O

Keystone Telephone ..50
Lit Brothci-.s

&

2%

48 ad-int ctls.
Leh V Trac 1 st 4s '29 .J - 1
New Con Gas 5s 1948 J-I)
Newark Pass con 5s 1930
N Vr Ph <fc No Ist 4s '39 J -J
Income 48 1939... M-N
No Penn Ist 48 '30.. M-N

60

6012

110

109
114

lU'-j

Consol 68 c 1905...Var
1910. ..Var
Consol 58

U% PennSteell8t58'17 M-N
People,'8 Tr tr certs 4s '43
PColslA r-oltrr)h'49 M-S
J

Lowest

is

ot'82 48 '37.J-J
Terminal 5s g 1941. Q-F
B col tr 48 '21. J-J
P
Jc
Koohester By con 5s 1930

W

U Trac Ind sien 5s'19. J-J
Un Bys Tr ctfs 48'49JifeJ
U Trao Pit gen 5s '97 J-J
Welsbaoh s f 58 1930. J-D
Inactive Stocks
Atlanta & Charlotte .. 100
Atlan Coast Line RB 100
.\tlan CoastL (Conn)lOO
100
Canton Co

(Georgia Sou& Fla...lO0
100
Ist pref
100
2d pref

117% GB.S Brewing
100
•Mt Vernon Col Duck.
pref. 50
Unit Elec L <fe P
98%
Bonds

ii"7"

127'-.,

146

Anaoostla
Atlcfc

114

104
110

Ch

&

Pot 5s

Ist 7. ..1907 J-J

Atlan C L HB4S1952M-S
.Vtl Coast L(Ct)ct£8 5s J-D
J-J
Ctfs of Indebt 4s
BaltCPasslstSs'll M-N
Bait Fnndg 58.1916 M-N
Exchange S%.s 1930 J-J
Befunding 3%8 1952J-J

108

Penn <& Md Steel con 6s. 114
Pa & N Y Can 78 '06.J-D
A-O
Con 58 1939
A-O
Con 48 1939

102

"2

Balt«&Pl8t6sml'l] A-U
Halt Trac Ist 5s. .'29 .M-N
No Bait Dlv 58 1942 J-D

.

102

Convertible 58. '06
Cent'l Ity con.">s 1932

Ext& Imp

106
110»4

ei-dlvidend.

(

:has Cilv liy

H Ki-rlghU.

t

58.1932
1

M-N
M-N

MS

St 68 '23 J -J

*L^

paid,

t

Rid

By G A El 58 '99 M-S
Charl C<fe Aext 5s.'09 J-J
1910 A-O
2d 7s
City & Sub 1st 5s. .'22 J-D

90
115

City& Sub(Wa3)lst5s'48

10611,

107%

112%

112'',

Chas

Col<feGrnvlst6s.l916J-J
Consol Gas 6s. ..1910 J.D
1939 J-D
5s
Gacfe Ala 1st con 58 '45 J-J
10514
124% G a Car <fe N 1 st 68 g '29 J-J
104" 104 '2 Georgia P Ist 68. ..'22 J-J
GaSo & Fla 1st 68 1945J-J
110 112
9S'.
98% G-B-S Brew 3-4s 1951M-S
2d income 58 1951 M-N
83% 8434
Kuoxv Trac Ist 5s '28A-0
116
62% 63% LakeU Kl l.st gu5s'42M-S

MetSttWa8h)l8t6«'25FA
Mt Ver Cot Duck 1st 5s.
Incomes

BALTIMORE

86

MS
Deben 68 1905
Penn gen 68 ol910..Var Vvi %

Bid and aekotl prlcea; no sales on Ihu day.

102

ctfs.

BALTIMORE

Ask

73
72
Trust certifs 4s
116%
104% P & E gee M 5 g '20. A-O
Gen M 4s g 1920..A&O 104 '2
Ph & Bead 2d 63 '33.A-0 125 127
93
J-D 12034
Con M 7s 1911
106
Con M 0sgl911....J-D
120
Ex Imp M 4s g '47. A-O

5s 1932

E & A 1st M 5s 1920 M-N

InterSm l'ow<&Chem.50

Mmehill

By 1st con

ConTracof N J

Preferred

Easlou Con Electric... 50
loo
Elec Storage Batt
100
Preterreil
50
Germaiitowu Pass
Harrison Bros pref...lOO
100
Indianapolis St

Elec gold trust

Pliil

Berg&EBrw Ist 68'21 J-J

Steel

Preferri'il

E

Bonds

ext 7s 1910 A-O
AmRysconv 5s 1911. J-D
Atl City let 58 g '19. M-N
BaUs Ter Ist 58 1926. J-D

Al Val

PHILADELPHIA

Ask

Bid

PHII.A»EI-PH1A

AsIc

Inactive Stocks

Bid

160
164
300
89
30
"67

9%

164%
320
92
72
10
10

46

49

105%

10534

107

1081,
99',

99%
116
91

118
96

N&O

Nl)t
P l8t 68'38 M-N
General 58.. ..1941 M-S
Norfolk St Ist 5s '44. .J-J

Ask

117

112
122

118

115'2

116%

60%

56»4

27
104
77'2
32'-.

98

28%
17\
38
100

North Cent4'a8 1925 A-O

J-J
68 1904
Series A 58 1926. ...J-J
1 -J
1926
Series B 58
Pitt Uu Trac 58 1997. J-J
1941.. J -J
Poto Val Ist 58
.Sec A vT( Pitta) 58'34 J-D

Sav FlaAWe8t5s'34 .\-0
Seaboani A L48 1950 A-O
Seal) & Boan 6« 1926.J-.I
South Bound iHt 58..A-0

U El LAP Isl 4 '2a'29 .M-N
Un Byifc Kl Ist 49 '49 M-S
Income 4s 1949

ID

85

86%

111

"93 'i«

93%

9312
64'v

93»4

66

Mill Isl 6s 1900. .M-S
'„'d series 68 1911...
3d Htries 6« 1916.. M.H

Va

4th

112

-.(T

3.4

MS
58 1921. MS

Mcrios 5h 1926. iM.S
Va (Slate) 3« new '32. J J
KuiKi debt 2-38 1991. J-J
5tli

(J oon 6« 1914 J J
& Weld 58..1936.J-JI

West N

Wes Va Cifc P lat 6g' 1 1 J J
Wil

Ueorgani«ation oertllioatoa $3

112
119

aMCssinent p*ld.

130

—

J

THE CHRONICLE

•^5b0

Volume

<>iiM >vcuriliei<
Hid
AkK
Ht-rxon Co. .100
00
65
iJraud Kapids Gas
lllsl 5m 1915
F-A {101
103
lUudson Co G,a«
104"^
100 101
us K 1949
See Stock Exch Ust
udiana Nat <& lU Gas—

Business at Stock Exchanges

of

NEW YORK

XBA^^BACriONS AT THK
DAILY,

liasifc El

STOCK KXCUAJKUS

WKKKLY AND YEARLY

I

iHt

mocks

Week 'ndina
iyu4

Uailroad

Par

Uliarei

btate

Jce

I

Bonds

Bonds

vatiui

Bonds

Saturday
Mon<lay

808,587
1,591,873

$83,959,450

i6 ,008,500

,^49.000

$500

149.68>!,()00

•J2(l.000

30,000

Tuesilay

l,49-2,30>i

Wednesday

1,465,«84
1,313,074
1,147,0«9

139,108,900
130.924.500
123,185,900
108,397,160

9.749,50(1
7,8'<5,000
8,(!57,200
7.6215,01)0

'220,0110

TTiursday
iTrlday

Total

7.879,416 $736,323,900

0,540,800

1 to

$30,500

Stoek
£aeliangt

1903

1904

148,507,877
U lock s— N a Bbarea
7,879.416
3,210,743
161,680,007
Par valae
$735,323,900 $293,148,350 $14,991,772,600 $13,842,064,650
shares, par..
$10,600
$690,800
$646,900
$35,000

'

96

Uommion

Total bonds...

Pat

1,000
21.547,000

$633,180
20.935,175
912.734,000

$1,139,030
450,600
638.129,900

$46,369,000

$21,568,300

$934,302,355

$639,719,550

DAILY TRA-NSACTXONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES
Week ending
December ?
iyu4
Saturday

lAsted
shares

Monday
Tuesilay

Wednesday
Thursday...
Friday
Total

Pas Gas <&

LUUd

VnlisUd

Bond

shares

shares

sales

48,064
83,529
74,331
62,842
76.418
81.255

37,495
29.639
33.088
29.072
52,109
30.948

$36,000
38,500
28,280
49,000

212.361

no4
i

& Telephone
90
113

98
163

74.000

42.281
69,188
78,7U6
96,250

$290,780

364.621

195.260

Hecker-Jones-Jevr'l Mill

<fe

Atlantic

Southern

<fc

lsl6s 1922

Narragan (Prov) El Co 50

N Y y El L dfcPowGolOO
Preferred
100
United Electriool N JlOO
<fe

48 1949

82
103

168
200
94
67
94
25

HKlngsCoElL&PColOO

170

".J

77'a

J.D

M

Hemng.HaU-MarvinlOO

80
100

25

Athmtic 25

Electric Companieii
Chicago Edison Co. ..100

$1,150,800

51,86ti

115
78
47
120

Y&N J Teleph...lOO

Pacific

$95,800
224,800
99,100
342,800
272.200
116,100

26,337

I

90

TlAmerTelep<fc Cable 100
ilCentral & So Amer. 100
Commercial Cable
100
Commer Un Tel (N Y).25
Emp & Bay Stale Tel 100
Franklin
100
HGold & Stock
100
l^i^s, 1905

Tl

18.933
34.646
60.239
35,258
28.587
17.697

6.5,000

3

70

See Stock Ex cliang e Ust
UNorthwestern Teleg. 50 124 128

sales

17

151-2f
I.-

A-O 5108
lU . 100
J-D
EleciOO

16
40 la
70

40
68

23
25
••
Electro-Pneum'icTranlO
'
Empire Steel
10
100
12
6
60
Preferre<l
100
42'2 TJGeneral Chemical ..100
62>-.
60
73
100 lot
] 00
li Preferred
7,
106
Gold Hil 1 Copper
1
1
92
Greene Con Cop See Boat Stock Exch
Greene Consol Go,<l... 10 t 12'. 13
10
HackensackAleailowslOO
18
94
Hackensack Water Co120
96 1*
Kef g4s 52 op 12. ..J J «94
80
Hall Signal Co
loo
86
Havana Commercial. 100 12
82
36
Preferred
100
62
Havana Tobacco Co. .100 35
37
123
44
Preferred
lOU
46

58 1920

Bond

Unlisted
shares

&

MS
110

Pow—

U Con gSs 1949. ...M-S
8t JosephGas 58 1937.J -J

UN

Philadelphia

Boston

425.469

...

<fe

<fe

,01

13

Secuxilies.lOO
Electnc Boat
100
Preferred
100
Electric Lead Reduo'D.50
Preferred
50
Electric Vehicle
loo
Preferred
100

63
42
109
136

Newark Consol Gas. .100 86
llCon gSs 1948
S-D aod

Hudson RiverTelephiOO

$30,500
871,500
45.467.000

$20,300

li

Cuban Os of l.'^gij..
loo
Diamond .Match Co. loo 136

58
40
L0B&WabVl8t6s'25.J-lJ
Madison Gas 6s 1 926.A-0 <100
Newark Gas 68 1944. Q-J «135

Teleer

State bonds
BR. and mis. bonds

\

»-,

88

BONDS

Ooyerumeut bonds

1

list.

A

Bauk

15
65

Ex

I nd C Nat
liO
Ist 6s 1926

1903

1904

60

Firew'ks com .100
l-Teferred
loo

loi

08 1938

Ktw York

Bia

Ijt^ons

ULaclede Gas

No Hudson L H

December 3

n;u! AUbcoi

Compressed Air Co.. .100
Cousolid Car Heating 100

J.TCKson (j.i8 Co
5s g 1937
Kansas City (ias
5s 1922 See Stock

Preferred
100
Lafay'e(iaslst (;s'24.M.N

$871,600

January

190M

ludian^ipolis Gas
Ist 08 1920

II

146,600

$46,467,000

Week ending December 2

Hales at

111,000
123.000

t>8

lii-lii^lri;i:

V^OL. LiJ^lX.

Cons Ry Ltga^Keli-ig.loo
4K
Consol Rubber Tire. .100
1
45
M-N
40
Debenture 4r
10
12
50
65
71
Cons Slora^'e Batteryioi
III
M-N il05Hi 1064 ConlToUae deb 7s'0oA-C
O^lOlivi
5<
81
Cramps' Sli cfc En Bldgl 00
21
26
A.O }
103
llCrucible hteel
10
100
lOo
20
Preferred
25
49
100
49 >•

I

I

J>ec»mber 2

I

78

Ferry Coiupaoies

102

105
1

1.

30
loo
3
100
Hoboken Land<& liuploo 200
1)58 1910
M-N «102
Houston OU
100
Preferred
loo
100
Hudson Really,
IbO
1 ntomat'lBankingColOO
141*
Inl'n'l Merc Marine. 100
Preferred
loo
81
Col tr deb 4 '2l922op'0
21
International Salt
100
62
Istg5sl951..
71-.
International Silver. loo
36
Preferred
loo
Ist 6s 1948
J-D J 100
Lanston Monotype
20 t 12
Lawyers Mort Insur.loo 198
Lawyers' Title Ins.. .100 346
Lord & Taylor prel ..100 103
IlLoriilard (P) pref ...loO 136
Mack IV Companies ..lOo 38
74i«
Preferred
loO
12
Madison Sq Garden.. 100
2d 6s 1919
M-N 60

40

Ist preferred
2d preferred

6

I03i»
2

20

165"
1438
2yia

85
22
04
10

40
6
Brooklyn Ferry stoeklOO
102
106 108
B<fc NY Ist 6s 1911.J J
13
Con 5s 1948 See Stock Exch Ust
202
Securities
N Y <fc E K Ferry stk. 100 77 85
A Weekly Review o.' OxUside Market will be found ott a preceding page.
90
Ist 68 1922
105
M.N } 89
N Y & Hob con 5s '46. J-D ilQS 109
140
Hob Fy 1st 58 1946 M-N iioyu 112
39^
Street Railways
Street Uailw^ayts
Bid Ask
Bid Ask N Y <fe N J Ist 5s 1940. J-J il04
75
NEW YOBK CITY
Lake St (Chic) El stk. 1 00
4
40
10th & 23d Sts Ferry 100
15
32 \. 34^3
let 58 1928
Bleeck St<S> Ful F stk 100
J-J i....
Ist mort 58 1919. ..J-D
93 100
1]lstmorl48 1950 ..J-J
ULouisv St58l930..J&J 113 114
30
TlUniou Ferry stock .100
UManhatt Beach Co.lOO
91a 11
248
Lynn<& Bos 1st 5s '24. J-D m2'2 114»a
TIB'y & 7tli Ave dtk ..100 242
.Manhattan Transit
M-N 90
11 Ut 5s 1920
20 t 411
^2dniort 58 1914 ...J-J 104 107
New on KysCo
100
Mergent'ler-H'u Bskt. 1
if*
liailrond
Preferred
100
26 •27
Con 6s 1943 See Stock Exch Ust
Mex Goverumentnew 48 90 '^034
4'2S 1952
B'waySurtlstSsgu 1924 no8 110
JJ 80 83 Chic Peo <fe St L pref.lOO
Mex Nat Construc.ptlOO
North Chic Str stock. 100
2d 58 int as rental 1905 i 99 iv 101
78
4
10 H< 11
Deposited stocit
Monongahela B Coal. .50
Pub Serv Corp of N J 100 140 141
^Ceut'l t'rossl'n stk.. 100 330 350
4
31
Undeposited stock...
Preferred
31>
50
Tr ctts 2% to 6% perpet 70
Ulstai OS 1922 ...M-N iin 121
70 "a
31-4
Prior Uen g 4 '28'30M€&S 5102
Mont <fe Boston Cousol .6
33b
210
North J ersey St Ky 100
24
flCen PkN <fc K K stk. 100 205
86
90
Con mlg g 58 1930.J&J
.Mosler Safe Co
100
100
185
Ist 48 1948
flciu:'l'r& 10th St stk 100 177
M-N 791. 80 14
18
22
Income 58 1930...
22
IJNat Enam <fe Stamp 100
Cons Trac of N J... 100
Col(& 9tli Ave js Hee Stock Exch list
78
82
Chio B I cfc Pac— Bel g 48
llPreferred
87
100
l8t 58 1933
J-D 5108', 109
Dry D E B & 3—
1934 op to 1911
125
A.O ? 953 95 7( National Surety
100 115
New'k Pas Ry 5s '30J 4113 114
Hist gold 5s 1932. ..J-D 110 114 "i
96>-j
42
Erie couv48Apri'53A&0
UNew Central Coal
46
20
99 101
Or <fc New 1st 68 '05 A-O noo 101
llScrip 58 1914 ....F-A
TIFort Worth <fc Denver
N Y Biscuit 68 1911. M-S 105
Essex Pas 68 1905 M-N 101
flEigUth Avenue St... 100 390 405
40
City stamped
45
N Y Mtge & Security.lOO 135
loO
260" N Y Cent (leb 48 •34.M.N
Rapid I'ran St By.. 100 250
HScrip 6s 1914 ....F-A 105 106
99 "v
•i2
llNew York Dock
26
100
1l42d&GrStF'y stk..lOU 393 410
Istus 1921
A-O 109
61
Northern Pacific
64
UPref erred
lOU
loo
50
70
<fc St N Av. . 100
J C Hob& PatersonlOO
20
42d St
"•'^
140 160
7
When released
N Y Transportation.. .20
lllstmort 68 1910 .M-S 104^2 107
4s g 1949
M-N 771. 78
12334 Nor Am Lum'r <te PulplOO
1"*
li»
Northern Securities.. 100
80
85
So J Gas El <fc Trac loo 123 120
ll2d income 6s 1915 J J
34
3»4
37
Pitts Bess&LE
IJOntano Silver
50
100
41a
Gug5s 1953
In terborough Kap Tr. 1 00 16liii2 168
il-S iil02
104
74
18
Preferred
78
Otis Elevator com
49
50 t
100
No Hud Co Ky 68' 14 J-J
Lex A v dt Pa V F ua Hee Si k Exc list
Seaboard Air Line
Preferred
99'i loO"*
lOO
Metropol Securities See Stk E X Ust
58 1928
J-J §i09
981-2 99
12
ColUr.')Sl907 op...M.S
Phoenix Mining....
f i
1
Ext 08 1924
Metropol Street Ky Hee Stk t X list
M-N
ice's Souih Pac pref full pdlOo 117
li7ia 273*
118
Pittsburg Brewing. ...50
Pat City con 6s '31.J-D il23
Ninth Avenue stock. 100 185 192
46
46 -a
Va & Southwe8teru..l00 45
Preferred
50
Second Avenue stoeklOO 208 210
2d6s....l914optA.O ilOO
22»4 22'»
Wabash Pitts Term KyPittsburg Coal
100
98 101
Dlstniort us 1909 M-N U02'-2 10312 Rochester By pret ...100
911-j 92
83^8 S4
l8tg4sJunel 1954. J-D
Preferred
100
Con 5s 1930 See PhUa bst
ConsolGs 1948.... F.A SiUl 113
44 "u 451* Pope Manufacturing. 100
2dg48Juue 1 1954
6'v
8
176
2d 58 1933
llSixtli Avenue stock 100 172
J.D 103 106
76
80
Ist prelerred
100
Industrial and Miscel
So Side El (Chlo) stk.lOO
Sou Boulev 5s 1945.. J-J i!102 106
100
21
24
2d preferred.
loo
Syracuse Kap Tr 5s 1946 5105
So For 1st us 1919. ..A-O (!105 108
AUiance Realty
Pratt & Whitn pref. .100 100
100 115 125
United Kys of StL—
Third Avenue Hee Stock Excli list
191-2 Realty Assoc (Bklyn)lOO aI34
19
AUis-Clialmers
138
iOO
22 -i 24
Com vot ir ctfa
P & il Ss 192S 103 106
Tarry
100
69
70
llPrclerred
Royal Bak Powd pref.lOO 109 110
loo
YkersSiliK us 1940A-O 106 107
Preferred
100
66 "a 69
61
UAmer Bank Note Co. 50 159
RusseU & Erwin
63
25
Gen 48 1934.. ..Sec Stk Exch list
28th <& 29th Sts ist 58 '9li i\12
114
III4 113.1 Safety Car Heat & LtlOO 183
American Can com. ..100
UnitRysSanFran SeeStk Exch list
HTwenty-Th'd St stk 100 390 400
69'-j 59^, Seminole Mining
Prelerred
100
6
J-.1
9ti
99
Wasli Ky & El Co.. ..100
2734 28
Deb 58 1906
American Chicle Co. .100 120 123
Smger Mfg Co
100 680 710
86'-.
Preferred
Union Ky Ist 58 1942 F-A 109 112
87
100
98 101
23
Preferred
Standard CouplercomlOO
M)
100
Westchest Ist da '43 J-J 102 105
48 1951
87
J-D
88
American Elevated
Preferrctl
100 110 125
50
62
100
H West Chicago St
Am MaltiUi^Os ]914.J.D 102'" 104 Standard MilUng Co.lOO 71, 9
UCon g 53 1936
M-N i 78
b3
85 100
32
.\mer Press .^uSsoc'n.lOO
Prelerred
3;>
BEOOKLY.V
loo
2
4
76
Am Soda Foun com.. 100
78
tlua Securities
Atlan Ave 5s 1909.. A-O no2
63
1st pref erred
68
635 (338
Standard oil' of 'jS'" J I .'ioo
100
NEW YOUK
A.O 110 113
Con us g 1931
i»
11
14
2d preferred
Storage Power
100
%
50
Impt 58 Hee Stock Kxc li list
Cent Union Gas 1st 5s... * 108 Hi 110
American .Surety
k Exc
ifc
6
jo 182 187
K5s 1933. .A-O 102 104 Con G.1S (N Y) stk. See St k Exc li list .^mer Tobacco (old).. uO •JuO 500 .Swift 5s Co See Boston St no2 lo2S».
Ist
1910-1914. ...J J
Brooklyn City stock.. .10 239 243
Couv deb 6s otfs ^SveStk Exch Ust
Preferred
40
.see stock Exch list
Tennessee Copper
41
25
Coll 53 See Stock Jixcli list
EquitGascon 5sl932 See Stk E X lisl Amer Tob.icco (uew;
76
90
TlTexas<fc Pacihc Coal 100
Bkln crosstn 58 1908. J-J 102
IIMutual Gas
100 300 320
255 .'60
Common (w i)
10
no5
Ist 68 1908
A-O
Bku Hgta 1st 08 1941 A-O 104 106 New -Ymsterdaiu (Jaa—
I'rt fd certf 9
Sea Stock Exch list Title Guar & Trust See Trust Go's.
Bkin y Co & Sub Hee Stk Excli list
1st cousol 53 1948. .J-J ai2
113
list
48 cerlfs See Stock Ex
•Jd
Title Ins Co of N Y..100 165
Bklyn Kap Tran Hee Stk Excli list
N Y G E L H JfcP See Slock Exch iLSt
91-2
list
68 oiTtfs See StocK Ex
Tonapah Min (Nevada). 1
10
DCouey la. i& Bklyii ..100 340 3i0
N Y <fc East Kivor Gas—
Am Typelo'rs coiu...lOl 36 40 XrentonPotlenescomlOO 14'-. 15
1st cons g 48 1948. .J-J
100
1st us 1944
J.J ai2'4 114
Prelerred
95 100
ij5
Preferred new
100
100
Brk C & N 5s 1939. J-J 113 115
Cousol 5.S 1945
109
J-J
112
uifi Trow Directory new. .100
60
Amer Writuig P.iper.lOO
Gr St<Sfc2\ e w 1st us '06 F-A 100
N Y <te Richmond Gas. 100 35
Prelerred
22 la 23
100
Union Copper
I'h
10
Qr'pt <fcLorinier St 1st 6n 102
Nor Uu Ist 5s 1927. .M->' 5101 iu7"
92
f>3 1919
8:
S3
Union Typewr com. .100
95
J-J
Kings Co. Elevated—
IJStandaid Gas com ..100 130
160
20
Ist preferred
11 Barney ifc Sm Car ...100
100 118 120
Ist 4s 1949 See Stock Excli list
II i'ri'f erri'd
loo 155 170
2d preferreil
l::0
1; Preferred
Km 120
loo 116
Nassau Elec pref
100
75
Ist us 1930
il-N jilO's 1121,2 lJlis3 Company com
2
2'4
50 140 150
Unit Boxboardift Pap.lOO
58 1944
A-U 110 113
Preferred
12
50 130 145
Preferred
100
13S»
OTHKU CITIES
Ist 4s 1901
See SI k Exc h list
Bondcfc Mtgcjuar
6
100 i390
U S Cotton Duck
100
N Wb'K&Flatl8te3c4>a8 101 104 Amer Light A Tract. 100 67 71 Borden's Cond Milk.. 100 124 127 U S Envelope com. ..100
20
Stein way Ist 6s 1922. J -J U18
Prt-lorred
98
loO
99
Preferred
SO
loo Ui
113
1 00
I1 Prelerred
Bay Stale Gas
50
British ol Copper
71-.
5 t
",
U S Realt y<fc mp See Ht'k Exch !li3t
Biuirliainton (Jas 5s 1938 { 94
97
Camden Laud
OTIIEK CITIES
3
U S Shipbuilding (wi)... i7~.! 281a
Brooklyn Union (-»as dvb
Celluloid Co
80'-.,: SI
100 120" 122
Preferred (w i)
BulTalo street Uy—
6s 1909 «;onv'07...M-S 194
195
Cent Fireworks com. 100
14
47
47^^
IS
5 certifs
let consol 6s 1931. .F.A il09
111
BultiUo City Gas StoeklOO
6
Preferred
60
..loo
66
U S Steel Corp new 58 Set Stk Ex list
Dob 68 1917
A.O 105 107
3.
1st 6s 1947 See Stock Exch Ust
Central Foundry
3-\
100
114
Coltr sf us'ul opt 'il .. iH2
If
Chicago City Uy stk. 100 187 1B8^4 Cliicago Gas See N Y Stk Exch list
17'..
Preferred
loo
Coltrsfus'Sl not opt.. ill2 114
181a
Chic UuionTrucSeeSt'ck Excli list
Cousol Gas of N J
100
66
Deb 6s 1919 op 'OlM-N
Universal Fire Ext'r. 100
6
7
69
Cleveland Electr Ky.loo
74
75
Ist us 1936
J-J
92
Ceulury Keally
1
96
100 105 115
Universal Tobacco... 100
Columbus (O) St Ry..lOO
97^4 Consumers' L H <& Pow—
Cnesobrough Mfg Co 100 420
Preferred
5
100
Prelerred
100 108 110
08 1938
J-D JUO
^ClallinlU B) Istprol 100
92
101
Westchester & Bronx
Colum Ky con Ss See Ph ila list
H Detroit City Gas
50
75
95
100
105
Title <fc -Vlort Guar Co. 16213 160
1J2d preferred
Crosst'wu l8t5s'33.J-I) •}107 108 "a Elizabeth Gas Lt C0..IOO 226
liCommou
95
100
105
WestiuKli Air Brake. .50 t
160 if^
Grand Kapids Ky
100
66
69 S. Essex <b Hudson (j as 100 128 130
Colifc HockCoalifclpf 100
65
80
White Knob Mining. 10
1
Preferred
loo
90
Fort Wayne 6s 1925.. J J i 68
84
61
lslg58 1917
J.J i 85
92
Wortliini: Pump prel.lou 121
126
i Buyer pays accrued interesu 1 Price per sUaro. tSale price, a Ex rights. xEr div
/New stock. 11 Sells on dtoc* .SxefejkP,s.\ btxt not a very active security^

Outside

1-.

V

(i

(J

M

t

an

1-.

W

II

--J

BB& W

1-2

"-J

1

>-,

'

1

u

Dmi

3,

.
.

1

.

1

.

.
.
.

THE CHRONICLE.

1904.

2581

and Railroad Intelligence*
RAILROAD GROSS EARNINGS.

Invitsimtnt

The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnintjs for the latest week or month, and ths last two
columns the earnings for the period from .8nly I to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
T/ie returns of the street railways ore brought together setiuratelij on a subsequent vage.
period.
Latest

ROADS
or

Ala Gt Southern, 2d

AlaNOA

lexa.-

NO&NoEast.
Ala* VlchsbV

Month

wk Nov

i-iross

July

KarnincfS

Current
Year

J^reviou.''

Year

57,357

65,906

1

to

Current
Year

September

& c har..

Atlantic &Blr...
Atl Coast Line...
Bait <t Ann S I-..

B&lt& Ohio
Bangor <b Aroosi
BeUelODte Oent'l
Bridgt & 8aco K.
Bull

Koch &

t-lctf-

BuHalo ASusq...
Oal (telSorthw'n.
Canadian Morth.

Canadian PaclOc
Cent'loi: Georgia
Cent'l of N J ereej

Chattan South'n.
Cheaap &Ohio...
Ohio <te Alton By.
Ohio Gt Westeru.
Chioind &L'v...
Chlo Mllw & at f
Chic & North W
Chio St P M & O
Chlo Term Tr KK

ClnNO&TPac.
CI Cln Ch & 8t L.

Peoria (feKast'jj
Colorado .sSouLli
Ool^ewi)& Lau.

Copper Ranj^o...
Cornwall
Cornwall ALob..
Denv.«SiiRioGr...

Det

<&

Mackinac.

Detroit Southern

DalSoSh&Ail..
Brie
F'rchUd&N'r'e'i;

Farmv& Powhal
Ft

W & L>en\ Cicj

Georgia RK
6a South & Fla..

GUa ValGA;

N..
Syeteuj

Or Trunk
GrTr. West'n

Det«rH&M..

Great Northern..

Montana Cent'i
Total svatem.
Gulf&Shiplsianci
HockiDii Valley..
Illinois Central..
Illinoia Southerii

Indlll&Iowa...
Int <te Gt North']]
llnteroc (Mei)
Iowa Central

. .

Kanawha &. AIlcL
Kan City South'u

1

N o Kan September

<ts

11,512
52,000
68.184
Inc.

605.355
15.148
8.064
36.899

Manistique
October..
Maryl'd & Peuu.. October...

Mexican Cent')..
Mexican later
IMexican Ry
i

jMexicansomii'i

MIUOM

SO'W'U.

.4:

Mineral Range..

Mlnueap A Bt

L.

Mo lian 'lexa.>
Mo Pac&IroniMi
ite

9.698
32,289
Oct(ji er.. 2,258,234
October... 5b6,33-i
Wk^ov 12 121,800
li wk Nov
19,041
October...
7,356
3tt wk Nov
13,492
3d wk Nov
61,370
3d wK Nov 468.089
3.1 wk Nov
804.000

Central Rranc) 3d
Total
3d

wk No\
wk Nov

•/6,000

830,000

J7u: 55.

4th week Ang. (52 roads).

week
2d week
8d wetk
4th wceK
Ist week
2d week
8d weeic
let

Kept (50 roads).
Sept (50 roaiis).
Sept (49 roads)
Sept (51 roads).

17.594,875
20,291,657
4,311,566
668.548
2,620.713
7,675,186
1,044,684
2,675,865
53,340
149,316
26,730
82.430
7,350,968
327.233
699,208
1,148,099
16,944,307
9,620
13,161
1,035,806
822,457
562,307

14,988,717
2,200,380
530,679
15,e42,107

741,510

Oct
Oct
Oct.

4th wt-ek Oct.
Ist week Nov.
Zd week Nov.
8d week Nov.
I

(46 roads).
(40 roads).
(47 roadf).
(4.) roads).
(49 roads)
(49 roads)
(43 roads)

Mexican currency.

•pcrated.

Nov-Cal-Oregon- octooer..

Sevada Central..
N y C & Hud Riv
N YOnt& West,
y Y Susq & Weal

Augast

,.

October...

September

October...
Norfolk A West'ii September
N'onhern Central October...
North'u Facltic. October...

Ohio Riv& West.. September
Paoitlo Coast Co. Sepicmbtr

.

L Southwest .. 3d wk Nov
StLVan<teTH.. October
St

Seaboard Air L...
Southern Ind
So PacitlcCo 6...
Southern Rallw'j
TerreH <fe Ind ...
Terre

H & Peor..

Tol

•&

V&N W

wk Nov
Wk Nov

October...

WK Nov
3d Wk Nov
3d wk Nov

Ohio Cent 3d

TolP&West
TolStLA W
Tor

..

129,975

October..
October...

. .

TexS

Ham

<fc

....

Bull

Ist

wkNov

Seplembei
Pac System
Virginia&So W'n October...
3d wk Nov
Wabash
(Jn

.

W Jersey & Sea'e October...
Wheel & LB
3d wk Nov
Wm'sport&N.Br. Septembei
Wisconsin Cent.. 4th
W'rightsv

Yazoo

&

T'n..

* Mi.<)8.

?

9,542,74.-)

10,126,28.^

14,297,971
9,480,183
9,475,7o6
9,353,012

705.475
2,168,822
4.356
3,399,735
3,223,363
6,623.098
104.806
46,256
11.318
4,318,813
232,345
116,864
3,842,614
193.255
348,737

wkNov

September

V. Ootorier..

12,810,025
8.503,783
9.017,197
8,928,593
12,280,423
8,708,991
8,902,024
9,269,001
13.988,402
8.758,879
9,093,461
8,420,004

17-.:,370

204,528
682,188
2,247,777

712.868

15,9-.

Inc. or

VARIOUS FISCAL TEARS

720,734
343,711
13,573.995
3,620,6a 1
1,304,026
3,103,238
476,259
23,046,886
19,330,058
800,939
233.45
345,01
4,902,499

227,81:;

987,684
118,590
8,260,670
911,091
206,733
60,938
23,093
289,113
56,20v
17,100
68,5cO 1,737,516

JPmod
Jan.
Mar.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

Mar. 1

Jan.
Jan.
Jan.
Missouri Pacitio
Jan.
Central Branch
Jan.
Total
Jan.
tNatioual RRof Mexico
Jan.
Northern Central
Jan.
cPennsy., East ol P & E
Jan.
cWestot
E
Jan.
Pere Mar-quette
Jan.
Plilla Baltimore
Wash.... Jan.
Philadelphia & Erie
Jan.
Pitts Cin Chio & St Louis
Jan.
Rio Grande Junction
Dec.
StL Vaiulalia& Terre II .... Nov,
Terre Jiaiue & ludiauap
NovTerre Ha iite & Peoria
Nov

Dec

I<:A

P.C-

12,117,227
10,419,088
22.536,315
341,977
104,930
191,812
17,174,571
709,223
356,443
12.632.768
3,040,734
877.353
2,908.963
443.562
23,899,562
18,107,826
760,849
227,099
296,327
4,648,315
51.200
1,610.389
519,443
l,32i,030
220,884
14,306.684
252,802

208,891
54.2o9
23.246
299,895
17.800
87.886
21,44
52I.31(
25,963
57.813 1,530.8276,667
234,347
12,198
11,617
5,427.858 5,182,844 14,905,551
65,651
200,300
53,108
520,273 424,867 11,135.108
298,430 280,130 2.045,069
85,956 1,844,134
93,777
14,8«3
.50,538
14,227
167,500 151.057 2,992,080
15.918
45,871
21,815
854.451 730.330 2.600,428

1

IMexican Railway
[Mexican Soiitliern

314

3,290.162
138,414
3.000.823
3,913.695
4,269.561
81,252
6,725
23,165,008
1,966,887
840,003
5,754.475
3,611,077
18,182,125
58,233
1,665,797
43,443,018
O.OOO
4,740,519
4,759,576
2,238,614
8,866,095

11.833,805
9,814.335
21,648.140
343,735
89,18&
185.809
15,367,507

2,990,804
2,421,528
5,412.332
110,277
53,973
7,790
4,432,933
232,068
] 22,303
3,357.892
181,466

16.583,617

2,634,217
16,154,601 Allegheny Valley
64,165 Atlanta & Churl Air Line
514,181 Atlantic & Birmingham
2.512,131 Bellefonte Central
2,165,610 Chio St P Minn <& Omaha
978,071 International &GtNorth'n..
689,363 Lake Erie & Western
2,103,450 Manistee & North Eastern..
1,9:^5,980 Manistique
10,744,692 Maryland & Pennsylvania..
155,049 Mexican International

Previovs
Year

3.193.253
4,056.793
4,277,688
90,699
4.069
28,192.246
1,943,825
8-0,937
5,783,793
3,689,477
18,491.352
58,4oo
1,774,808
40,898,318
Uec. 79
5.401,303
4.766,376
2,194,531
8,302,346

Inc. 9, too

269.665

September 8,136,951
3q wk Nov 961,152

3q
Texas Central
Texas & Paoiflc. 3d

Latest Date.

to

3,585,196

1,145.981 1,189,181

September 1,117,223
October.

1

$

ePenn— EastPAl!. Octootr... 10728675 10725575

eWestP&E... October...
Pere Marquette.. 3d wkNov
PhilaBalt&Wsh October...
September
Phtla & Krie
Pittsb C C & St 1. October...
Fear October...
RaieiKh & O
tieadiug Railway October...
Ooal&lrCo.... October..
Total Both Cos October..
Rich Fr'ksb & P September
Rio Grande Jot.. AUiUSt.,
Klo Grande So... 3d wk Nov
Rock Isi'd Sys.. October...
septeuibei
Rutland RR.
September
St Jos &Grl
StL&San Franff October..

y

Current
1 ear

219,422 173,029
9.448
8,189
154.446 128,441
210,308
205,926 205,830
25,588
23,97!
3,83-.
2,323
7,176,818 7,166,763
594.449 602,800
220,860 14z,37..
2,012,635 1,883,661
996,207 889,707
5,352,011 5,243,537
20,795
20,420
559,303 538.081

an.

Jan.

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

to
to
to
to
to
to

P&

Current Year PrevioxisYar

Jn

Previous
Year

s

MRtP A

263,892
212,761
714,500 15,110,955 14,803,46-.J
47,561
10,414
4«,202
24,181
7,768
26,432
107,84(;
31,671
96,110
3.957
36,457
29.323
121.617
29,952
123,319
2,226,684 8,246,366 8,302,6o7
.549,428 2,183,392 2,168,882
110.200 2,150,300 2,022,400
&
416,707
3S9.104
19,030
2r«,015
17,632
5,012
231,3f3
274,057
11,313
58.944 l,-.i70.145 1,266,899
426,135 8,602,940 7.607.764
757,000 17,306,334 17.163,52»
680.000
734,000 Texas' <& Pacitic
33,000
790,000 17,986,334 17,897,528 West Jersey & Seashore

14,017,039
8,934,369
9,598,364
9,677,980
12,845,791
9,273,472

Year

Cxirrent

<fe

349,593
811,740
23,428,164
833.585
219,537
6,065,420
41,261
23,906,409
512,200
25,328
13,034
3,337.806
343.380
601,740
1,359,200
19,398,764
3,773.440
7,583,711
43,688
0,504.112
4.194,835
3,512.273
2.2»3,951

AGGKEG.VTEIS OF GKOSS

WEEKLY SUMMARIES

Week
Month

or

S StM. 3rt wk Nov
Mob Jack & K C. Wk Novl2
875,116 Mobile & Ohio... 3d WK Nov
419.130 Nash Oil
St L.. 3d wk Nov
483,710 jNal'I RRof Mex 3d wk Nov

Ist wkNf.T
Isi wt'Nov

Louisiaua &Ark. October...
Louisv * Nashv. 3d wk Nov
Maoon<& Birm... October..
Man'tee&Gr. fi.'p SepieiLbfr

ManiH

$
1,150,544

1,194,614

t'a<.'iilc.

Lone; Island

Atlanta

b'e.

EOADS

Year

LakeErje&Westii
Lehigh Val RK..
Lexing <te lilabt'u.

Ann Arbor
AtcliXop&S

Latest Uross i-anitnys

l/ate

Previoxis

847,150
44,000
43.000
464,651
25.000
26,000
30.000
482,7a4
let wkNov
28,000
Dec 70,342
^jepleinbei
777.531
36,086
36,358
3d wk Nov
October. 5,54^,380 6,576,025 21.892.891
929,708
September 311,291 297,364
33»,349
y3,552
56,816
October..
October. 1.91(5.683 1,756,749 0,575,431
41,568
September
14,047
13,004
Ottober... 6,181,073 6,024.426 23,374.728
5-:2,27l
September lt>2,443 183,226
16,063
October...
5,381
7,371
13,791
4,576
St^plember
3, 808
3d wk Nov 175,409 1.'.0.2 13 3,379,096
378.596
October..
101,185
96.654
654.935
157,385 143,669
October.
95,400
3d Wli ^0T
84,700 1,594,000
3d wk Nov 1,071.000 910,000 21,115,909
3d wk Nov 210,620 202,300 4,177,976
October.. 1,907.60:: 1,943,011 7,643.582
2 579
54,772
3d wk Nov
2,183
October... 1.807|467 1,714,738 7,017,642
October.. 1,300,763 1,121,227 4,709,146
3d wk Nov 160,467 170,468 3,103,560
94,753 2.308,663
3d wk Nov 111,478
October... 5,015.619 4,838,538 17,913,030
October... 5,372.570 5,548,178 20,313,284
October.. 1,286,785 1.243,406 4.333,303
628,»66
29,475
33.060
3d wk Nov
132.509 134,384 2.745,244
'2d Wk *ov
October... 2,202,569 1,848,5x7 8,243.248
248,757 202,016 l,004,lzO
October...
itx WK Nov
159,725 137,950 2,502,704
51,325
19,520
Stpemuer
19,441
174,995
51,251
September
47,677
5,059
16,969
September
6,459
58.017
September
19.929
18,697
3d wk Nov 367.9U0 290,400 7,033,793
328,632
77,94^
Ootooer
80,811
602,211
3a wk Nov
34,999
80,987
3d wk Nov
51,661
47,472 1,101,173
October... 3,938,064 3,835,611 15,996,411
11,000
uctobtr...
3.129
2,109
16,689
August
8,702
7,09 i
842.436
245,481
283,800
October...
258.69:.;
847,178
Oilober..
269,026
157,593 153,744
574,132
October...
S.ipiember
48,521
3d wk JJov 730,635 687,626 14,595,158
2d wk Nov 107,924 126.840 1,904,397
2d wk Nov
24,639
ft«7,144
24,746
October.. 4,599,486 4,823,922 15.245,301)
780,409
October...
217,831
183,050
October. .. 4.817,317 5,006,972 16,025,710
'2a >vk SoM
696,796
3S,10^
37,689
3d wk Nov 119,451
117.279 2.644,319
uctober... 4,577,740 1,357,333 16,937,839
99,074
October...
20. 20
24,654
October..
152,5iJ4
544,49
144,332
3d wkNov 138,880 146,483 2,603,525
3d wk Nov 101,08b 112,298 2,217,334
3d vfk Nov
55.47 b
45,941 1,039,894
3d wk Nov
711,652
34.176
30,051
October...
607,761 569.417 2,147,074
October...
447.190 482, 3o3 1,793,575
October... 3,005,465 2,557,103 10,474,19.s
:;*'^pvember
117,467
50.904
39,21b

VlohBb Sb A l\
Allegheny Valley

Latest

to
1
1

to
to
to
to
to
to
to
to
to

Sept
Sept.

Oeu
Oct.
Oct.

Nov.
Oct.

Sept
Oct
Oct.

Ocu
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.

Oct
Oct.

Oct
Nov.
Oct.

Sept

Oct
Aug.
Oct.

Oct
Oct

9.85(5,190

2,046,769
1,901.528
52,167
2,941.625
3«,5S6
2.377.223

Current
Year

I^eviotu

Year
57 3.958
$2,079,222 $1,895,082
737,077
45..') 18
62,454
9,313,339 9,908,584
5,008,962 5,064,091
4,llo,804 4,373,725
284,102
324,151
59,003
72,419
225,945
221,679
5,744,999 5,^89,435
5,189,200 4,761,900
900,838
l,0'-;8,477
36,859,955 36,685,010
1.485.000 1,336,000
38.344,955 38,021,010
10,177,150 10,016,941
8.568,071 8.651.271
97,594,094 1035 t8:i94
Vcc. 2,1 65.100
10.733,866 10.031,547
11,339,087 11,383,587
5,665,197 5.846,620
19.920,506 20,747.939
421.612
397,075
3,027.612 2.466,421
2,132.5.9 2.028.229
629.647
»;35,727
Dec.

.f

10,339,291 10,2;i3,H.i7
3,820,521 3,771,621

Nov.
Oct.

I NGS— Weekly and MontUly.
MONTKLY SUMMARIES Current Year FrevlousYar

KIN

Ztic.

or

Dec

$

+ 1,207,014
+ 370,586

9-42
4-33

+ 581.167 6 44

+ 749,387

8-30

+565.3(!>- 4-60
+ 564,481 6-4 S

Month
Monih
Mouth
Month
Moutli

-f

Mouth
640,721 7-20 Month

1

857,191 9-25

Mou'li

Monih
8-23 MontU

Nov. 1903 (129 rds.)
Deo. 1903 (128 rd.s.)
Jan. 1904 (127 rds.)
Feb. 1904 (129rd;».)
Mar. 1904 (1-5 rds.)
Apr. 1904 (127 rd.'J.)
May 1901 (128 rds.)
J uno 1904 (108 rds.)
July 1904 (125 rds )
Aug. 1904 (122 rds.)
Sept 1904 (124 rds )

+ 309.5 6;
+ 721,304
+ 382,325

4-20

M( uth

+933,008

11-08

Moutu Oct 1901

I

2-21

(

67

rds.

I

135,195,056
131.146,421
127,083.582
115.448,815
•.33,218,211 133.294.034
132,4 33.290 !36.783,139
130,935.613 134,660,38(i
113.351.491 114,280.175
132,242,621 139,712,599
145,292,493 144,.558.473
151,475.024 147.338,536
66,390.161 63,939,889

140,922,833
136,551,834
121,307,020
118,145,889

b Includes the Houb <h Tex. Cent, and Its subsld. lines In both years and for both periods,
g Inoludes the Chicago dk Eastern lUlnois In both years.

«

+5,7-,;7, 777

+ 5,405, 413

— 5,77(>. 502
+2,997, 074

JP.C.

4 24
1

12

4 -.55
2-(>0

— 823 06
— 1,349, .S19 3 18
7.),

-3,724, 773 2 77
— 92H, 684 81
-7,469. 978 5-35
+734, 020 0-51
+ 4,136, 488'2-8l
+ 2,450, 272;3-»3

Covers lines direct 1/

.

.

,

'

1

.

—

.

THE CHRONICLE.

'2rjb'2

[Vol. Lxxix.

Latest Gross Earniugs by Weeks.— Fur the third week
November our statement covers 48 roads, and showB
11*08 per oent increase in the aggregate over the same week

,

of

1904.

1903,

Inereate

S

Obto. iDd'plls

5,642,381
2.579
160.46-

5,038,08 ^
2,18-

9
611,58H
39r

lll.4-'8

170.46 P
94.783

16,72;.

83.061-

l.'4v<,7/,«>

LoalBV.

Ac

Term. Transfer
Colorado A Boatheru

%

29.475

Prevlonsly rep'd (21 rde)
Cbattanooga boatbera.
Obieago wreat Wear.etn

137,950
80.987
47. 4 'v
117,279

Ctalo.

Detroit

Boathem

34,fl99

A

Atl

f*t

wo

Oolnth 8o Shore

Hooking Valley
I

'^Hrnational

*

Interooeanlc of Mexico,.
Kanawba <b MioniKan..
LoalBVllle

&

Nashville.

Mineral Ran«re.
Minn. St. P. & S. Ste. M.
Mobile & Ohio
National RR. of Mexico.
Pere Marquette
Bio Grande Sonthem.

Boathem Railway ......
Texas Central
Toledo Peoria t West'n
Toledo St. L. A West....
Total (43 roads)
inorease (1108

iffat

..

51.661
119,451
13^,8»fi

11^,298
80.061
714,560
11.S1S
173 029
12'4 441
205,830

13.4''2

219,422
lfi4.44^

206,926
269.665
11,318
961.152
33,246
25,»68
76,667
9,363,01

204,.5 8

7.79

••..

_ .

3,585
4.01/

4,189
2,17

7.603
11,210
4,125
90.79
2.179
46,39?
26,00.'

9f
65,13

^«»* •••.

8,5:^8

50,06
153

8,420,004

972,679
933.00:

••••.••

4.S1'
18,854

39,671

For the second week of November our final statement covers
and shows 4'20 per cent increase in the aggregate
ov er the same week last year.
2d week of November.

1904.

$

1903.

$

8,616,61P
37,68f
112.29*
110.200
1[

Inereate.

$

Deereate.

$

Previonaiy rep'd (44f'd8
Gall AShlD Island
Interoceanio (Mex.)

8,983,f8'<

Mexican Railway
Mdxioan Southern
National RR. of Mexico..

7121,800
19,041
19S,352

197,62

727

Total (49 roads)
Net Inorease (4-20

9,475,788

9,093,46

469,776
332,325

38,10
114,^99

454,718
419
2,301
11,600

p.o.)..

87.451

31...

Soaking Valley. a. Oct
July

1

to

Oct

Tear.

Tear.

31...

Illinois Central... a. Oct
Jmly 1 to Oct 31...

4,577,741
.16,937,839
ni & lowa.a. Oct
1^2,534
July 1 to Oct 31....
544,491
Interooeanlc Railway ol
Mexico
488.004
Oct
Jan. 1 to Oct 31
6,165,736
Iiw» Central. a... Oct
247,118
July 1 to Oct 31 ...
877,602
Sana w ha <b Ml oh. a Oct.
145,855
July 1 to Oct 31....
614,463
Kan. City South. a.. Oct
607,761
July 1 to Oct 31.... 2,147,074
Lehigh Valley BR.bOct 3,005.465
July 1 to Oct 31... 10,474,198
U>al8'na& Arkan.aOct
68,184
July 1 to Oct 31
263,892
Loulsv. <b Nasbv.fc.Oct
3,476,534
July 1 to Oct 31
12,751,525
Mexican Cent
Oct 2,258,234
July 1 to Oct 31.... 8,246,366
Hex. lnternat'1...0ct
586,384
Jan. 1 to Oct 31
5,744,999
Mexican Tel'phone.Sept
25,142
17^,001
Mar. 1 to Sept 3u
mineral Range. b... Oct
62,248
234,319
July 1 to Oct 31
Minn. <b St.Louls.a.Oct
309,382
July 1 to Oct 31
1,084,419
Nash ';h.<k8t.l..b..Oct
903,524
July 1 to Oct 31.... 3,454,842
oNat'l RR. of Mex. Oct
949,800
Jan. 1 to Oct 81
9,567.178
». y Sus. & Weet.a Oct
220,860
820,937
July 1 to Oct 8v
jforthern Central LOct
S 96,207
Jan. 1 to Oct 31.... 8,568,071
.

—

.

39,626
163,372
229,303
934,539
1,602.933

4,3^7.333
18,154,601
144,332
514,181

6,561,

476,0i8
4,503,530
219,S33

8^6,976
155,296
696,143
669.417
2,108,450
2,^57,103
10,744.692
52,000
312,761
3,413,903
12,681,417
2,226,684
8,302,687
549,428
5,889.436
23.024
168,948
51,924
196,347
299,164
1,030,302
873,858
8,341,819
857.526
9,410,623
142,373
8i0,003
889,707
8,651,371

M4

47,577
164,829

159,801
1,189,462

r47.137
rl29,485
18,391
83,114

Tear.

71,593
255,707
216.511
888.201
1,285,261
8,880,985
89,957

97,986
142,962
977,791
r54,892
rl86,123
20.570
104,017

197,7.^7

161, -iOS

698,656
1,352.038

602,316
sS93,829

tt4,477,864 (*4,518,225

26,313
9,369
101,235
47,845
1,228,766 1,205,777
4,376.663 3,938,864
752.302
590,061
2,414,133 1,794,227
252,904
222.822
2,375,518 2,834,687
11.137
11,926
76,932
78,829
21,410
7,658
74,865
84,248

vl40,615
v441,755
253.800

vl38,702

V 149,882

210,313
1,022,554
933,559
339.615
248,8 fO
3,088,307 8,085,038
87,410
22,667
278,730
812,553
838,573
226,273
2,125,178 2,001,178

Pennsylvania-

11

19.0S<

Oct

,

Vun-tnl

$
161,615
171,328
619,798
638.502
663.833
659,927
2,233.916 2,28<!,d80

Isl'd.a.Oot

1 to

Net Eariii'igs.
Previous

,

rnd.

21.77.1

911,09
23,093
21,44"
57.813

p.o.

9
7,372
10,001

146,48:^

101,088
34,176
805,356

Deereaie.

49 roads,

IT

& Ship

July

3d week of Novimber.

fiross

Tew

PJulf

last year.

—
Earnings. —
Current
Previous

87,451

These figures are for week ending Nov. 12.

Lines directly operated
jEast of Pitts. AF Oct 10,728.675 10,726.676 4,188,197 8,774.397
J Jan. 1 to Oct 31... 97,694,094 103698294 80,401,063 32,623,363
Inc.
Inc.
9,100
WeetofPltts.&E Oct
336,300
Deo. 3,165,100
Deo.
Jan. 1 to Oct 31...
82,600
Phil. Bait.

AWash.b Oct 1,145,981 1.199.181
540,236
578,036
Oct 31. ...11,339,087 11,383,587 3,216,322 3,439,722

Jan, 1 to

Net Earnings Monthly to Latest Dates.—The table follow.
lUg shows the gross and net earnings of Steam railrosds
reported this week, A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given

month in these columns, and the latest statement of
kind will be found In the Ceboijiolb of Nov. 19,
Ths n3zt will appear In the issue of Dec. 24, 1904,

once a
this
1904.

— Gross Earningii. —
Ourreiit
Tear,

Roads.

Pj-evious
Tear.

Net Earnings.—^
Cun-ent
Previous
Tear
Tear.

$

$

A.tCh.T.(bB. Fe.b. Oct.
5,549.380 6,676,025 1 1.771.391 t3,005.9O»
July 1 to Oct. 31.... 21,892,891 23,428,164 t7,640,282 t9,609,f58
311,291
297.364
A.trta <lc Ohar.A. L.aSept.
116.449
126,701
929,708
833.585
July 1 to Sept SO....
290,026
306.739
Atlantic & Blr.RR.aOct
93,255
56,816
33,060
16.646
2 19,537
July 1 to Oct 31....
338,349
113,107
81,264
Atlant Coast L.a.. Oct
1.916,683 1,766.749
758,151
736,087
July 1 to Oct 31... 6,575,431 6,065,420 2,178,641 2,068,773
Butt B. A Plttbs.b.Oct
746.399
710,166
306,441
317,674
July 1 to Oct 31.... 2,869,444 2.887,167 1,191,403 1,369,213
Bnfialo&S'sqneh.a.Oct
101,185
96,654
32,807
38,388
July 1 to Oct 31....
378,596
843,380
143,879
125,443
Canadian Paclfio.a.Oct 4,743,962 4,488.264 1,666,114 1,664.027
July 1 to Oct 31.... 17,837.909 16,498,764 5,812,504 5,608.923
Cent. of N Jers^y.b.Oct
1,907,602 1,943.011
889,333
947,486
July 1 to Oct 31.... 7.643,682 7,583,711 8,736,304 3,407,6cSb
!,»• 07,487
1,714,738
Chesap. & O bio. b.. Oct
688,133
604,187
July 1 to Oct 31.... 7,0l7,t)42 6,604,112 2,706,675 2,334,070
Chicago lb Alton. a. Oct 1,300,783 1,121,227
604.749
421.696
July 1 to Oct 31 .. 4,709,146 4,194,835 1,781,996 1,183.9413
284,-793
64,864
Ohio. Gt. West'n. b Oct
839,568
305.098
2.631,330 3,000,390
868.598
890,579
July 1 to Oct 31
5,01fi,619 4,838,538 2,271,056 2.039.94N
Ohio. M. A8t. P.a. Oct
17,913.030 17,594,875 6,986,382 6,724.565
July 1 to Oct 81

—

>;

1 37,030
147,658
54,896
58,899
536.915
569.308
191,991
236,673
2,202 569 1,848,517
682.671
455.843
8,243,248 7,675,186 2,615,810 3,219,8->8
248,757
362,016
53,537
60,539
1,004,120 1,014,634
257,395
261,974
560,414
633,631 <1167,042 dl99,888
2,073.238 2,287,805 d625,044 d686,786
637.72*^
1.682,378 1,«29.687
746,674
5,y53,993 6,406,768 2,512.015 2,524,074
77,94S
80,811
21,956
23,796
827,233
328,682
106,413
107,848
P8,824
230,156
233.636
78,286
Dul. So. Sh.A Atl.b.Oct
913,444 1,007,267
336.045
864,325
July 1 to Oct 3i
Erie. a
Oct 3,438.064 8,836,611 1,146,930
860,478
July 1 to Oct 3i... 15,89d,411 16,944,307 5,233,218 5,356,875
Falrchlld&N. East Oct
3,129
2,109
791
26
11,000
9,620
130
def.307
July 1 to Oct 3i
245,481
283,800
62,221
110,165
rt. W.A Oen. Clty.bOct
842.436 l,035,80d
249,3)0
380.720
July 1 to Oct 31....
.Georgia RR.a
269,026
121.980
258.692
113,441
Oct
July 1 to Oct 31....
136,051
847,178
822,457
267,330

Ohlo.Ter.Transr.b.Oct

July 1 to Oct 31
OLOln.Chl. & St.L.bOct
July 1 to Oct ai
Peorla<]tEaB'n..b Oct
July 1 to Oct 3i....
Color' do & South, b. Oct
July 1 to Oct 81.-..
Oen.<]iRlo G'de b...Oct
July 1 to Oct 31....
Detroit di Maok'o.aOct
July 1 to Oct 31....

—

Pocahontas Coll 1 e r 1 e

Company
Jan. 1 to
"•eadlng

s

Oct

13,268
180,878

Oct 31

oompany—

Pblla.&Reaa'e.L Oct

3,399.736 2,990,804 1,786,782
July 1 to Oct 31. ...11,838,805 12,117,227 5,432,584
347,414
Ooal&IronCo.b.Oct 3,228,368 2,421.528
560,833
July 1 to Oct 81.... 9,814,385 10,419,088
6.623,098 5,412,332 2,134,196
Total both Co. '8.1 Oct
July 1 to Oct 3i.... 21,648,140 22,686,315 5,993,417
121,608
Oct
Beading Co. b
470,741
July 1 to Oct 31
9,265,704
Total all Co.'" b.. Oct
6,464.158
JulyltoOct8i
42,141
86,352
21,560
EUoGrandeSonth.l Oct
169.035
154.068
70,248
July Ito Oct 31....
Rock Island Syst.a. Oct 4,318,818 4,432,933 1,625.468
July 1 to Oct 31.... 15,367,507 17,174,571 6,274,912

—

8t. L. <s

San

1,075,782
4,826,992
143,393
1,024,399
1,219,174
5,851,391
121,015
472,696
1,840,189
6,324,087
11,122
76,595
1,206,056
5,677,489

Fr. (Includ.

&E. Iin.a.-Oot 3,842,614 S,357,8:>2 1,619,722 1,177,24 3
July 1 to Oct 81. ...18,573,995 12,632,768 6,231,838 4,457,627
909,697
738,489
371.193
StLoulsS'west.b. Oct
279,598
819,641
July 1 to Oct 31..-. 3,031,684 2,524,654 1,089,516
Southern Rai; way Syst —
Sonthem Rallw a Oct 4,434,303 _4,172,82S 1,508,565 1.8.56,587
16,481,612 15,387,251 5,056,568 4,669,091
July I to Oct 3
781,614
716,372
329.0^6
276,957
Mobile & Ohlo.a..Oct
908,752
807,551
July 1 to Oct 31.—. 3,751,042 3,578.096
606,749
656,582
141,205
P.a Oct
133,684
Cln. N.O.&T
584,696
624,887
July 1 to Oct 31.... 2,479,687 2,364,742
274,330
298,766
71.325
South a.. Oct
70,666
Ala. Gt.
1,071,014 1,036,244
203,943
264,116
July 1 to Oct 31
157,593
163,745
46,992
43,463
Ga. South.&Fla.aOct
574,132
662,307
145,507
135,273
July 1 to Oct 31
90,781
81.703
87,876
30,905
Oct
CexaR Centr ai a
226,870
272,086
85,773
48,280
July 1 to Oct 81....
349,934
100.907
364,823
92,200
Toledo A O. Cent. a. Oct
477,744
382,174
July 1 to Oct 31.... 1,493.545 1,390,954
298,430
280,130
81,938
13,838
W.Jersev & Beash.l Oct
991,595
Jan. Ito Oct il.... 3,820,521 3,771,621 1,077,295
629.788
609,857
240,476
223,553
WlsooaslnCent'l.bOot
988,363
909,971
July 1 to Oct 31.... 2,415.280 2,446,817
730.330
312,403
191.372
854,451
Ymoo <h Miss. VaLa Oct
616,162
817,876
July 1 to Oct 3l..„ 2,600,428 2,377.223
Chlo.

—

.

—

aNet earniugs here given are after deducting taxes.
b dtetsarnings hereglvenars before dedaotlng taxes.
c These figures are In Mexican currency, and are convertible Into
i(Old at the current rate of exchange.
dNet.after deducting taxes Is $147,165 and $178,511 for 1904
»nd 1903 respectively tor October and $545,535 and $594,396
for period from July 1 to Oct. 31.
the Buffalo & Allegheny Vallay
J These figures Include results on
DlvlBlon In both years.

r For October additional

Income

Is

$3,152 this year, against $5,708
Income is $21,386

From July 1 to Oct. 31 additional
last year.
this year, against $20,C82 last year.

Indadlng other Income, total Income (exolaslve of results of coal
companies) ror Oot. Is $1,401,109 In 1901, against $9ll,688 In 1903,
and for period from July 1 to Oct. 31 U $4,72 7,108 In 1904, against

.

Dec.

—

. .

1 to October 31

were $163,787 In 1904, against

$230,667 in 1903.
V For October additional Income Is $12,529 this year, against
$18 055 last year. From July 1 to Oct. 31 additional Income is
$42',4i9 this year aRainst $52,035 last year.
and rentals amoanted to $184,516
t For October. 1904, taxes
aKalnst $18^,947, after deducting which net for October, 1904,
$1,586,876, aKalnst $2,815,961. From July 1 to Oct. 31. 1904,
wae
net after deduotinK taxes aad rentals is $6,875,315 this year, against
$8,891,013 last year.

Interest Charges and Sarplns.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &g. with the surplus
,

below these charges.

deficit

.

Int.,

Rentals,

etc.

—

Previous

Current

Previous

Year.

Tear.

Tear.

Year.

$

Oct
Atlantic A Blrm
July 1 to Oct 31...

$

Oct

Boifalo AS'squeh.

6,083
24.3£3
12,237
49,269

14,566
58,266
20.449

74955
July 1 to Oct 31 ..
H 64^,722 11511.151
Gent, of N. Jersey . .Oct
112,426,802111.989.368
July Ito Oct 31...

10,563
18,494
56,931
54,841
*36,248
*27.992
115,314
*127.540
37S.182
306,764
1.310,002 1,418,268
160,865
380,511
990.732
1,389,037
16,496
9,494
83,668
79,087
t29B,694
t404,723
11,189,324 11,257,485
*df.21.388 *df 14,742

295.478
302,160
July 1 to Oct 31.... 1,256,723 1,223.626
44.043
44,043
Oct
Peoria AEast
178.3 j8
178,308
July 1 to Oct 31 ...
342,982
347,469
Den. & 8. Granrie Oct
July 1 to Oct 31 ... l,382,f60 1,334,676
88,664
89,141
Dul. 8o. Sb. & Atl.. Oct
•.12,732
3)4,586 'df.16,777
356,566
July 1 to Oct 31 ..
*70,600
*62,955
aM,416
a51,380
Oct
Georgia KR
*62.548
*63,943
July 1 to Oct ai ... ai07,.32 a20ti',120
*.53.118
*15,650
19,449
24,440
Gulf & Ship Ipl-- Oct
*182.307
*58,349
77,316
97,514
July 1 to Oct 3L....
*167.333
*170,982
76,597
70,.'>C9
Hooking Valley.... Oct
*629.116
*700,960
311,974
285,063
July 1 to Oct 31....
21,454
17,124
22,833
26,124
/.ndlanalU.'S' la .. Oct
6,531
69,384
91,465
95,495
July Ito Oct 3;...,
*9,460
20,669 *def.l,n3
20,005
Kanawha (b Mlob.. Oct
*24,238
*5,093
82,179
80.425
July 1 to Oct 31...
*1,372
*17,746
9,695
11,350
Loulel'na & Arhan Oct.
*17,55l
*66,591
45,4C!0
36,145
July 1 to Oct 31....
*12,0e4 *def3.0"'6
10,690
9,446
Oct.
Mineral Ran(re
*36,978 *def.4,i<38
89,408
37.786
July Ito Oct iti ..
60,732
103,298
149,581
150,502
Nashv. Chat.ASt.l Oct
834,433
420.544
699,126
6U2.010
July 1 to Oct 3i

Olev.Oln.Oh.&Bt.L Oct

—

—

Pocahontas

All

Coll 1 e r 1 e s

Oct

i>l..-.

BioOrande Bouth Oct
July 1 to Oct 31
Oct
Texas Central
JiUy 1 to Oct 31...
Toledo & Ohio Cen. Oct
July 1 to Oct 31...
Wisconsin Central.. Oct
July Ito Oct 31...,
.

'

Iiidlanapolifi<fe

Previout
Tear.

75,94'-

20,80f

hattet Bate

j.^^^

91.07.^

. .

Indianap. &EiiSt. Ry October...
ludlanap.&i Martinsville Rapid Tran.. October...

to

18,01.'^

9,779

651,466
132,876

792,048
181,576

8.896

North

western Traction.. September 37,109
Intemat'l Tract. Co
System (Buffalo).. October... 354.811 33';,978
21,813
.Jacksonville Elec.Co September 22.947
Kansas City Ry.A L.t October... 403.900
Lake Shore Elec. Ry October... 59,58^ 56.33f
l.«high Val. Trao. Co
45,464 43,86.October..
Street Ry. Dep
16,50
16,696
Electric Light Dep October...
October... 32,43V- 30 377
Lexington Ry
1364^ 13,790
LoidonSt. Ry.(Can.. October
8.41'
8 325
Mad. (Wis.) Traction Oi^tober...
Mot West Side Elev. October... 177,58: 181,950
VIll.Elec Ry.&LtOc October ,. V578,9> .ih2,917
«U.LtHeat&Xr.Co O tober .. 38,72» 35,313
Montreal Street Ry. October... 222.27( 206,60)

3,479,605 3,339,776

211.32?

181.853

vl.f 64 972
650.3 6U

523,250

512,821
137,280
282,256
150,754

630,324
129,256
263,849
146 306
7«,299

84.8',^4

1.721.549 1,707,044
3.643,722 2,498,514
356,760
387. 1»7
2,100,671 1,897,743

Muncie Hartford &
Ft.
v4

Wayne

151,386

October...

16,747

October...
October..

ask. Tr.A Light. Co
Street Ry. Depart.
Electric Light Dej>

5,915^

6.49e

3,430
3.984

3,22:

78,603
29,535
37,372

78.136
28,257
36,940

4.27f

October
Gai" DepartmentNiagara 8t. Cath. &
184,075
191,417
October
Toronto Ry
NTorfolk Ry. <fc Lt Co
71,42,'>
74,23-:
372,925 343,040
July
Railway
9<».708
7,742
78,916
9,44'
July
City Gas Co
747,727 741,573
78,013 75.275
Sor. Ohio Tr. & Lt. Co October...
382,866
Sorthem Texas Trao October... 66047 47," 6f? 461,91
Northwestern Elev. October... 113,74« lll,00« 1,055.569 1,024,? 23
79 86s*
66.:^ 7 i
y,05<
9 24.
•^eptemoer
)lean St, Railway..
9,96100,874
94,535
9,50
irange Co. Trokotioij October...
83.197
10 52
Peeks. L't'g&RR. Co. stiptember 10,84b
les.oVi
171, C68
l'>,204
17.65
'ottsv. Union Tract October...
287,420 267.636
25,l«t
28,55.^
Oo.Gon.- Koads O(itobor
Rys
20.207
19,156
1.94.
2,04«
October...
LilghtOo's
October... 26.337 108,031 ,233,247 1,054,462
toohester Rallwav
90,566
19.33J
& East. Rap.Ry October
Roch.
nockford Boloit &
101,687
98,233
September 12.37f- 11,826
JanesvlUe
8t. Joseph (Mo.) Ry
. .

•

.

.

1

.

LtHeat&Pow.Co
Louis Transit...
4ao Paulo (Brazlj
it.

eo.soc

October...
October...

lOi^6,8ia

Tram. L't & Po. Co Wk.Nov. 6
Savannah Elect. Co <eplember

55,088
664,174 8,394.16v '{,065,988
21.493 d6is,99*45.60(101,88b
7^4.29

20,25fr

4K,84
76,38'

October...

Soranton Railway..

1

d 626,654
386,078
690.492

70,915

September i9ri.2«.' '76.6 8 .-^08,665 1.638,607
October .. 129,101 132,971 1,258,058 1.273,081
»o2
941
Wk.Nov2
705,236 664,684
October... 71 820 70,01
rampa Electric Co. September 31,201 25.046 2t>2.7H' 2 1 8,546
420,64'.:
342,824
Terre Haute Eleo.Co September 52,14& 46,7 IV
T i«do Rys. & Light October... 150.196 42.661 1.440 14 i..368.680
9,l5ii
7.889
Toledo & iQd. Ry.... August.
Seattle Electric Co.

jonth Side Elevated
sprin^'d & Xenla Tr
iyraouse Rap.Tr Ry

'

def.2,521

26,575

>

.

oompaBies ..Oct

July 1 tc

October

Illinois rraotion Co.

y^^^_

1

.

di5,779
Oct
Company
Jul 1 to Oct 31.... dl54,303
fieading—

feehorMo

Jan.

. .

-Bal. of Net Earn'gs.—

Current
Boads.

Lateet Orota Karningi

ABNIHOB.

In

above or

>

2583

GBOSa

total

from July

. . .
.
.
.

THE CHRONICLE.

3, 1904.]

Income for additions and
m 675 741 In 1903. Deduotlons from
October, 1901, against $5 -,667 In
imnrovements were $124,854

iWInd

—

. ..
. .
.

. . .
.

454,935
885,264 1,390,204
3,541,056 3,002,158 2,783,031
19,2'-9
*2,386 def.*6,442
17,838
*5,404
*def.84
73,407
73,356
28,322
35,293
2,5S3
2,583
36,440
37,953
10,333
10,333
*91,522
*69,706
40,779
38.060
*272,519
*354,927
160,447
151,347
*84,212
*99,462
145,119
14.5,855
*343,265
*365,262
584,437
686.368
866,* 00

3,462.000

After allowing for other income received.

year are expenditures
f Included in the fixed «harges
for renewals, additions and improvements amounting to $189,932 for
There were
October, and to $490,282 for period July 1 to Oct 31.
no charges to this account the previous year.
in this fiscal

Toledo & Western...
raronto Railway ...
T srln City Rap. Trau.

amted
tVash.

San Fran

of

.

Alex.AMtV.

Y oungetown-Sharon

...

October...
October...

t

Spanish

II

TTiese are results for

4a.37f< I 173.05.' 1,929,436
78.330 3,824,12.5 i,603,101

46.6 1£

adwkNov
October

162.767

20,864

septenober
Wfe Nov26

81,23

595,44,^ >68,69o
24.10
20,8 l6

T. 51/, 455

206,74:-

^,149,266
194,390

379,208

39.109

silver.

propon>eB owned

b These are the combined earnings of all the constituent companies.
d Figures here are from July 1.
n These earnings Inolnde the Detroit United By., Detroit A Fo: t

auron Shore Line and the Sandwich Windsor A Amherstbnrg By.
V These figures are for period from Juna 1 to Oct. 31.

Railway Net EarnlngB.—The following table gives
and net earnings received
ordlsoonnt this week. The last general summary which we furnish once
t These figures are after allowing for other Income andf
and exchange. The sum of $10,000 Is deducted every month from a month, and in which we bring together all the roads from
surplus and placed to credit of Renewal Fund.
which monthly returns can be procured, was given Nov.
a Charges here Include road-rental

(paid

by

and other

lessees)

•itreet

the returns of Strbet railway gross

26,

the next will be given Dec. 31.

— Gross Earni-ngs. —

deductions.

d Charges Inolnde sinking fund and preferred

Oitrreiit

dividend.

Year

STREET RAILWAYS AND TRACTION CQJiPANIES.
Laten Broit Samtni/t

OB088

Albany A Hudson .
American R'ys. Oo.U

Aur. Elgin A Chic. R>

Binghamton Ry
Bnrllngt'n (Vt.)Trac
Gas & Electric
Cent. Penn. Tract
Cal.

. .

9
i^eptember
)cr ober
October

.

.

...

October...
Odtober...
s+iptj-inbei

October...

OhlcaKO t Mil. Eleo.

')o'ober...

Cliio

October...
October...

AOak

Parft....

Cin. Dayton AToi.Tt
Cln. Newp.A Cov Ry.
Citizens' Ky. & LIkh

September

to

Lauai Date

Prefut
Tear

WttkorMo Our'ni
Tear.

EAJUnilOS.

an. 1

9

Prevtou'
Tear.

9

9

209,011
29,477 80,17.'i
221,919
119.894 116,763 1,201 ,94V 1.143,867
4/,71;
882,890
18,6ir)
202 204
19.43
211,95
6,41-;
6,82^
66,54
63,883
363,65 248,9i'i 2,863,707
439,81^482.463
41,85» 41,89b
5562,^ 43,307
287,948
379.90/
658,474 670,883
69,834 7V!,103
47.911 46,667
420,351
43S.153
85,96b 90.991
765,91*
739,349
I

October
Oo'ober.

.

10,720
44,17:

7,945

>

Wayne AWjibiwh
Valley 'lYaotlon. b September
Geary Street Ry
"Cptembe'
Havana Eleo. Ry.Co Wk.Nov^7

East

St.

& Land.b

June 1 to Oct 3i
Syracuse Rap Tr.bOct
July 1 to Oct 31
7oungBtowii-Sharon Ry.
Lt. Co.a
1 to

Jul

October

Hoaii7/>n ElA«. Rt.

. .

Oct
Oct 31

53.562
486,362

26,102
227,826

11,307
105,612
199.570
830,025
30.«95
128.592

12,728
102,601

70,016
282.609

30,380
126,464

16.508
149.273

39,109
379.208

Interest ijnarges

and Snrplog.— The following 8tbbb>

railways, in addition to their gross and net earnings given in
tbe foregoing, also report charges forlnterest.&c, with the
arplus or detioit above or below those charges.
r>al. of Set Earn'gs.^
Inf., Jlcnials, etc. —
Prr.vioHt
Current
Previous
Current
.

Year.

Year.

Year,

Year.

Roads.
78,669

Honolulu Bapld Trannlt

622,977

14,867
181,403 137,458 11.630,749 11,325,686

Honolulu Rapid Tr
8t.

$

86,638
615,709

a Net eamluKs here given are after deducting taxes.
bHet earnings here given are before deducting taxes.

Ft.

A Land Co
Houghton Co.

*

104,017
859,041

28,074
271,024
408,900
1,864.972
71.«28
291.233

Oct

Jan. 1 to Oct 31.-..
Kan. City Ry.& Lt.aOct

dt

$

-Net Eamiuffs.PreviauM
Ci'rren'
Yi-ar.
Year.

138.035
1,118,327

LoulB&Snb.Oct

Jan. 1 to Oct 31
Honolulu Rapid Transit

-

81.543
88,467
873,8-(7
Oleve.&So.W.lr.Co
43.656
897,242
Cleve. Painsv. <b E.
October... 19 75'^ 18,33V
183 216
191 94*
dwhNov 8 ,89(1 74.304 4,030.368 3,917,620
Detroit United Ry..i.
Dnlnth fltre<^t Ry
ia wk Nov
649.63»6.56.035
12,00? 12,19^
KastSt. LonlH A8nb
•ctober... (38,035 104,017 1,118,327
859,041
Elgin Aurora A 8oa Ootuber
37,W4t 37,011
879,043
883,161
(Musoatlne, Iowa).

$

Roadt.

Previous
Year

28,07*

Ry ttoutcmber 18.461
Rv rtftinerober 33.61^

26,102
16,478
38.599

271,024
147,77»

227,826
146,098

A Land
Jan.

1

to

Oct
Oct 31...

Syracuse Rapid Tr.Oct
July 1 to Oct 80....
*

4,695
46.022
20.338
81.129

8.213
82,123
20,170
81.063

After allowing for other Inoome received.

7.097

'11..S50

•63.541
10.867
47,463

*70,828
10,160
44,411

1

J

.

3

THE CHRONICLE.

2584

ANNUAL REPORTS.
—

Annual Reports. The following is an iodex to all annual
reports of ateam railroads, street railways and miscellaneous
companies which have been published since the last editions
of tne Railway and Industrial and Street Railway
Sections.
This index does not inclade reports in to-day's Chronicle.
Page.
Page.
RAILROADS. Etc.—
Railuoadh. Etc.—
Amerloan Cott m Oil
American Making

2145, 2155

Atlantic i;oa8t Line

85!"".

aoss
«a09
245J, 2471
20"2

Baltimora * Ohio
4 Aroostook
Susquehanna.

BanifOr
Buffalo
Central

2081, 20Ci

.!k

2463

I'aclllc

CblcnKO Burl & Quincy ....1950, ig-i*
1951
CbicaBOA Kastoru Illinois

& Pac. liailroad
& Pac. RM....1700, 1716,
Clnclu. Ham. & Dayton
OIncin. N. (). A Texas Paclflc
Cleveland L.>raln & WheelinK
Chic. K. 1.
Chic. K.I

'^Ic-velaud

Terminal

&

Vallev

Colo ado Fupl & Iron

195L
195i

J952
21i!<

22^5
2?0
.

2l4fi

2145
& Maokluao
DPtrolt Southern
2202
Dominion Iron & Steel
2*103
Bdison Elec. Ill of Boston
2083
20><2
EvaT)i.vtlle i Terra Iluute
Great N rthern
1919, 195H
2203
Greene Consolidated Copper
lowaCeniral
22ui
Kansas City Southern
2301 2ill
La Belle Iron Works
2464
Detroit.

Louisiana* ArkansaH

80>'2. 20Bfl

Louisville lIi^Ddersou & St. Lonis.2144
214.")
MerK'-nt baler Linotype
1932
Minneap 'liH & St. Louis
'.iO-Z
Ohio
MobI e &
2156
Nov ada-Callfornta- Oregon
.. 2v?()4
No<r England I'otlon Yarn.
.

New Vor« Susquenaana &

We8t..l9.'i3
1954. 20a3, 209S

Paclflc Coast

20kS
t'ullman Company
1W50
Rock Island Cnmoany
2201
Joseph & Grand Island
1V51
Louis & Sin Francisco...
245^,2461
Southern PaoiUc
1954
Standard Miiliorf
21t4
Toledo St. Loui^ & Western
..
2084
Torrlngtoti romoany
UnderKTOund Electric Rys. of
St.
It.

.

London

2145, 21')3

J

.

[Vol. LixisL

earnings show an increase of $9 3,64D. or 12 99 p.c; the prioolpal Inoreatea being $37,253 in merchandise, $22,125 Id lomni^r, 1123,274 ta
coal, $22,86 ^ In provisions and $7.2t5 la fertilizer. Taere were dooreas-a of ei6,5o6 in nrraln and hay and $5,803 In fl >ar and meal.
The operating expenses Inclade a I'berai exp-tidlure toward* improving the pbvaioal condition and equipment uf the property. Maintenanoe-of-way expenses inolule $3,^14 for permanent oulvertu and
replacement of trestles *2'2,Oho for replaoinif 60-lb. rails with 7 J lb.
rails; $1'4,9C'> for addUIOLal sidings; $/9.744 for ballasting. The
cost of oonrtuotlng trannpirtatloa Increased by 38 06 p c compared
with an Increase In train mileage of 2885 p. c. The expenses inclade
$28,324 for ludgmenta rendered against the company fur cotton deBtroyed by tire at Vloksbarg in January, 1901, and also the sum of
$i7,790 for cotton in transit destroved by lire in the tiscal year under
review. The large Increase of 28 85 p. c. in triln mlleajfe is owing to
a third passergt-r train having been put on Sept. 8, 1903. between
Meridian and Vioksburg, t<> accommodate the incroasing local travel,
anu to additional fast freight service for Toxas traffic vl* Shreveport.
The wages paid to emplojees were also on a higher scale than in the
previous year.
Physical Fropebties —Of the U278 miles of main track, 105*71
miles are laid vclth eo-lb. steel rails and 37-0" miles wl»h 75-lb. eteel
rails.
During the year tbere were iat<l in m»ln tr>ck 9 Jl miles of 75
lb. 6teel rails In replacement of old €0-lb. rails.
Them are '20,0-6 lineal
/eet of brld^ie structure, of which 1,487 lineal feet are iron and 18,599
lineal feet are wooden trestle. During the year two trestles were extended an aggregate of 21 feet, and 325 feet was replaced by per;

manent embankment.

Since 30th Jane, lf^86, the length of wooden bridges and trestles has
been reduced from 27,381 lineal feet to 18,599 lineal feet, ani 235
trestle openings closed. The company owns 26 I'loomotlves, 22 passenger, baggage and mall cars and 938 freight and other care. During
the ten years ending June SO, 1904, the fri-lght eqaipment has been
Street Railways.—
8202 increased from 475 cars to 942 oars, an Increase of t^S p. c. while the
Montreal Street Ry
carrying capacity haa been Increaaed from 11,120 tona to 27.426 tona,
or 147 P.O.
New Orleans & North Eastern Railroad.
Lawds.- There were sold during the year 5,800 acree of land for
Report for Fucal Year Ending June SO, 1904 J
$23,630, of which $13,311 was pa'd In cash and $10,jl9ia noiej.
f
Earnings, £tc.— Following is » etaitment of earnings, etc.:
President C. C. Harvey says in part:
OPEBATIONS, EABNINOS, EXPfiNSEB AND CBABOKB.
Fhtsioal Pbopertiks — Of the 195-52 mllea of main traob, 195-09
1903-04.
milee are laid with 75 lb steel rails and
43 miles. In Meridian yard,
1902 03.
190102.
1900-01.
Operations
with 60-lb. steel rails. There are 2,565 lineal feet of iron bridges and Paaaengers carried
328,277
277,404
248,598
224,180
11-83 miles of bridge
59,907 lineal feet of wooden trestles-io all
•• 1 mile.
13 014,61011.800,103 10.8)6,918 9.092,696
strnotnre In the main line. Tnis includes Lake Pontobartraln creo- Rate per pass, per mile . 2-70 eta.
2-68 eta.
2*69 o»a.
2 66 Cts.
Boted trestle, 5-72 miles. Since January, 1834. the number of trestles Tons (freight) car'd, rev
725.756
646,485
5."i9.220
550.257
has been rednoed by 64 and the length by 80,793 feet (15-30 miles).
" I mile.77,349,843 65,773,927 56,210,244 56,794,619
The company owns 51 locomotives, 38 passenger, mail and baggage Rate per ton per mile
1-05 Ota. 1-10 cents.
1-04 ctt.
1-14 eta.
cars and 2,284 freight and other oars. During the ten years ending
Earnings —
June .^0, 1904, the freight equipment in carrying capacity has been Passen gers
350,756
813,958
384.667
244.193
Increased irom 32,929 tons to 61,370 tons, an increassof 86 p. o. The Freight
814,444
720,795
639,885
688,913
expenditures for account of capital during the year were $134,016, Mail, express, eto
121,894
115,793
95,2J1
87,568
y)z.: Additional rolling stock, il27,276; land purchased, S6,740.
DiviDEHD.— A dividend of 3 p. o. on the common stock was paid
Total
1,287,093 1,150,546 1,019,843
920,669
Not. 2, 190S, from thenet earnings of 1902 03.( Seealsopaee2588 )
848,973
765.562
685,829
Gbnbeal REBT7LTS.—There is an increase in gross earnings of $131,- Operatingexp.andtaxes 994,415
P. c. of op. exp. to earna
(77-26)
(76-07)
(78 79)
(74 44)
931, or 5-77 p. 0., an increase in operating expenses and taxes of
$130,954, or 7-90 p. c, and an increase in net earnings of $977. The
Net earnings
292,678
301,573
254,281
235.340
operating expenses include a liberal expenditare towards ImproTing
Deduct—
the physical condition and equipment of the property. Malntenanoe- Intereat on bonda
119,415
119.415
119.415
120,111
of-way expenses include $7o.273 for new steel bridges, $39,^88 for Miscellaneous (net)
0^1.738
0r.ll.89l
20,845
11,273
additional sidings. $20,187 for Lake Fontohartrain revetment, $6,096
Dividends
(8%l94.SOO (6%)63,000 (69»)6S.OOO (e%)68.000
for additional buildings at Picayune, $3,030 for aidltlonal cotton New freight oars
97,851
platform at New Orleans and $7,5t>9 for viaduct at Meridian
The cost of conducting transportation increased by 1411 p. c. comTotal
203.260
310,028
171.024
194,384
pared with an increase in train mileage of 5 94 p. o. This is partly
def.17,351
98,313
83,267
40.956
owing to an increase of 30 p. c. In south-bound empty-oar miieage Balance, aaiplna
oonteqnent upon a considerable decrease in south-bound shipments
BALANCE SHEET JUNE 80.
and an increase in north bonnd shipments. The wages paid to em1(.04.
1808.
1904.
1903.
ployee were also on a higher scale than la the previona year.
AssetsLiabUVUs—
$
<
«
t
Ci mmon stock
.l,O60.C03 1,050.000
Statutie?. E^trnings, ezpenaesand charges were as follows: Road & equipment.. ,270.^80 3,270 380 Bonds (seeSUPP.) 2,191.100 2 190.100
Investments
16.7U0
16,700
S4,0H3
«9.R64
Maierials, etc
112,482 Interest on bonds.
30,070
OPKBATIOMS, EABNINOS, EXPBN8ES AND CHABGES.
600.W31 Misct'l creditors..
14' 1.757
Cash
401.630
116.645
190203.
1901-02.
190001 Sundry debtors
190301.
35.267 Other railroads
67,688
71,5a0
68,691
2.i.i01
Slati n aeents
3i.843 Retjlacem't of roll
Miles operated
196
196
196
196
Bemlttances
14 627
17.287
stock fund
26.8:7
84.619
Optraiions—
Other roads
38.526
17,860 Miscellaneoii4.
SS.Sll
Pass. carried (No.)..
497,559
467,312
406.829
342.569 Bills receivable
124,942
52,806 Land sales «c<"ts...
1C9.515
90,-a7fl
do
do Imile... 23,036,547 22 ,897,695 18,909,063 16,205.423 Bills receiv lands.. 18.3i'2
14,32M N et revenue acct.
4.-)!. 609
448,960
2-12 cts.
2-12 eta.
2-12 Ota.
Av.earn. p.pasa.p.m
2 08 cts.
United
United
United
Uaited

2463. •/I476
Fruit
24fit
States Qiuss
'453
States Red. & Refloing.
States Steel Corp. (9 inos.).l»53
1953
Western Maryland

.

—

'.

,

Kev. tons carried...

,3.'V4.493
1,390.696
1,227,354
1,245,484
do
do 1 mile.. 175,382,356 177 ,676.912 160,598,725 176,587,428
0-94 cts.
0-94 Cts.
0-83 eta.
Av. earn. p. ton p. m.
let.
Av.earn.p.paes.tr.m.
$117
$1 24
$104
$122
Av.earn. p. fr't tr. m.
$2 78
$2 58
42 09
$2 36
Gross earns, p. mile
$12,333
$11, €64
$10,364
$9,351
Earnings—
$
$
s
$
Passengers
476,862
488,578
401,149
343.661

1,760,S53
167,836

1,664,110

144,064

1,501,738
127,375

1,465,318
120,833

2,416,967
1,788,518

2,235,036

2,030,26"2

l,929.m2

1.6'.7,664
(72-54)

1,498,227

1.453,929
(7534)

627,47-2

532,035
3,160

Freight
Mail, express, eto...

^'^Total earnings..
Oper. exps. & taxea
P.O. of exps.to earna
^""lasiNet

(74)

earnlnga

628,449
15,702

Other income
Total
Deduct -

(73-79)

11,461

614,151

638,933

535,496

481,747

321,900
67,500

Fixed int. on bonds.
lilt, on incomes

317,624
67,500

342,450

370,200
'12,606

Misoellaneoas
Dividends

x(5%^180,000 (3%) 180,000

Total
589,400
665,124
Balance, surplus..
74,761
78,809
Paid on Dec. 1, 1C04. See page 2588.— Ed.

BALANCE SHEET
1P04.

$

Ageaia
Canh
Sundry debtors...
Remittances ....
Car trust notes ..
Other rallr ads ..
.

Bills receivable...

Total

1903.

*

Cost of property.. 14.093,601
263 3rt0
Material and supp.

-V. 77.

475,883
5,864

13,9.'i9,fi85

317,8J4

6.'S.520

115.601

449,1*11

48n,187
76,276

76,615
7.605
6,4(13

21.587
45,23H

183.104

115.'.?e4

3,15

342 .450
193 ,045

391,200
90,547

3 UVE 30.

1901.
1903.
t
$
6,000,000 p.ooo.oro
Bonds (see Sirpp.) 8,180.0)0 8,180,000
80«,'l.'i0
211 -,650
Iiiturest on bonds..
Miscel. creditors...
314,«0
73,68 J

Liabilitiet—
Common stock

...

I

Bills payable
Otner railroads

>!

4'>,-237

64.144

6>,551

Roll, stock fund...

65,'^05

lOO.Sl!)

Net. rev, account..

328,662

2.->3,809

.

8.1C9

..15,14e,982 1N127,650

Total

.

Total

— V. 77, p. 2084.

4,025.C52 4,069,885

..15.148.28215,127.650

Alabama & Yicksbargr Bailiray.
f Report for Fiscal Year Ending June SO, 1904.
President C. G. Harvey says in substance:
Opebations. -There is an Increase in gross earnings of $136,548, or
11-87 p. c; an increase la operating expenses and taxes or $145,14 i,
or 17-13 p. c, and a decrease in net earnlni<8 or $8,896, or 29 > p c.
Paspenger earnings show an increase o( $30,79', or 11-7 i p. c. Freight

4,025,053

4.069,8S6

Ticksbarg Shrereport & Paclflc Bailway.
C Report for Fiscal Year Ending Jane SO, 1904.
PrefHenfc C. C. Harvey says in part:
Phtsical PBOPEETi88-Of the 171-47 miles of main track operated,
32-66 miles are laid with 75 lb steel rails and 138-81 miles with 60 lb.
s'eel rails. During the year there were laid In the main track 15-46
miles of 75-lb. steel rails in replacement of 60-lb. steel rails. There are
36 977 lineal feet of bridge structure on the line between Delta and
Shreveport, of which 2,502 feet are Ir >n spans. 21 i feat w loden truss
brldg«8 and 34.262 feet wooden trestles. Since June 30, 1888, the
length of woodon trestles has been reduced from 56,778 lineal feat to
34 '262 lineal feet and 278 trestle openings closed.
EQUIPMENT -The road is equipped with 3D locomotives, 26 passenger, mail and baggaee cars and 1,03 1 freight and other oars. During
the year 4 engines were purchased on capital account for $ 17.862 and
2 engines were purohastd on renewal account; 200 box cars ware
purchased on car- trust plan to be charged to maintenance of equipment over a period of three years. Blnce Mty ],19i)l,tha freight
eq'ilpment carrying capacity haa boen Increased from 14,470 tona to
2* 8*0 tons, or 71-67 p. 0.
Dividend— A dividend of 2i« p. c. on the common atock was p»ld
Nov. 30, 19>)3. There is an increi^se in gross earnings of $15'4,229, or
12'47 p. c; an increase in operating expenses and tax'^s of $149,351,
or 16 64 p. c, and an increase ii net earulnics or $S,878. The decrease
iu tons per train mile is owing to the addition of a
of lO 78 p.
throut;h fast freight train to provide for the handling of perishable
freight. It is antlolpaled that with this service the traffic can be
largely increased.
The increase in business during the past four years haa been very
Compared with the year ending June 30. 1900, there is an
increase in passe iger earnings of 134-48 p. o., in freight earoiuga of
106'3l p.c; in groas earnings of 10^-32 p. c; in net earnings of
:67-.>3 p. c In the number of passengers hau ed one mite, 133-64 p. c;
and in tons hauled one mile, 13-4-11 p. o.
Expenses— The operating expenses during the year inolnde a very
liberal expt<nditure towards improving the physical condition of the
dntenance of way expenses include
property and eqilpment.
$3,717 for permanent culverts and embankment in replacement of
trestles; $^:^,H70 for replacing 15 45 miles of 60-lb. rails with 751b.
rails; $8.^,266 for additional sidings and pasaiug traoas; $2,523 for
new station at Tremont; $-^,789 for coal chute and storage pltttform
and $0,198 for water station at 8lb!e?; $5,448 for engine pits and new
turn table at Delta; $2,774 for overhead bridge at Boston, and the cost
of other t-mall Improvements.
The cost of conducting transportation increased by 9*01 p. c. oompikred with an increase of 13-19 p. o. in train earalngs and 5'47 p. c. in
train mileage. The scale of wages paid was also higher than in the
previous year.

marked.

;

M

.

p. 2J:81.

Total

8

statistics.— BsTningB, expenses, charges, etc., have been as
follows:
OPBBA.TIOH8, BABNIN08, KXPEN88S AND CHABOE8.
1901-02.
1903-04.
190203.
190001.
172
172
172
172
Miles
Operations —

.S24,179
376,486
275,765
236.677
PaeefngKra carried
16,469.447 13,660,431 13,040,317 9,7.'i4,959
Pass, carried 1 mile
2-72 ots.
2-76 ots.
2 55 ots.
pa^s. per mile.. 2*72 ots.
Bate per
409,61R
703.255
722,226
539.052
Tons of revenue freleht .
Toneofrev fr'ght 1 mll6.6P,9R4,307 64,564,930 49,428.494 42.276,061
1-15 ote.
1-26 ota.
per ton per mile
124 ots. 1-23 ots
Rate

Earnings—
$377,149
743,260
14?,114

$333,167
612,324
134,761

$265,311
520,090
120,617

Total
$1,426,751 $1,26R,523 $1,080,252
897,534
7t 4,584
Oper. expenses and taxes 1.04'<,885
(70 75)
(70 78)
P.O. of expenses to earns. (73-38)

$906,0lSi
6^ft,448
(69-03)

$421,152
845.393

Papeei.gers

Freight
Mall, express, eto

Ifc0,206

Net earnings
Otlierlnoome

$370,888

Tofal net inoome

$316,668

H,632

$379,866
10,057

6,2-2

$389,923

$362,620
$157,990

$155,822

x(3%)'^5,695(2»«)71,4l2

107,140

(1%)107,140

$363,273 $336,532 $155,822
Balance, snrplns ....
$36,650
$46,088
$166,098
X Dividend of 3 p. c. was paid on Nov. 30, 1904. See page 2589.

BALANCE SHEET JUNE
1904.
1903.
t
<
,026,710 7,970,153
15.800
15,800

—

InTestmeut account

Stock

of mattrial,

on hana

etc..

....

Rerui ttauces

i:6,161
42,908

12,168

Station agents..

164.201
16.933

10,796

in

traDsit

m

hand and in
Caeh
bank

!

88.377

Otlier railroads

4i',97l

Sundry

1^,442
22.600

rtel)i<TS

receivable

Bills

Total

-V.

1904.

$

CommOQ

2.e5-s,600
2 856.5'
St' ck
Preferred stock
i;,l42,«00
0, 142,8
V. S. * P. Bailro.d
prior lieu bonds. ..1, 323,000 1,323,000
V. S. & P RaUivau
eeneral 31. bonds..
Int. on M. not due..

Sundry creditors ...
Credit'rs on pay-roll
Ottier railroads
Roll stucit rep. fund
payable

Total

8,872,963 8,487,1.07

,

stock or faoded debt outstanding. The total charges to capital account were $'.8», 426, representing 001-1 of 4 consolidation looomotlvep, part cost of new and alditioaal terminals at Meridian, Mtss.,
new yards at Blrmlcgham, Ala., and Irondale, Ala. £quliim>nt obligations were Incurred cover ing. In part, the cosf, with interest, of 200
coal oars of 80.000 pound capacity, $163,472. Equipment trust notes
paid darinir year $143,869.
Operating Expenses —The increase of $58,111, or 12 92 p. 0., in
maintenance of way and structures was due to increase la co^it of renewal of rail and cross ties. Maintenance of equipment shows an increase of $125,5'^0, or 26*30 p.
to increase in wages of em, due
ployees and in cost of materials, and to the retirement of an unusnai
number of freight cars which had become unfit for service. Conducting transportation increased $^02,563, or 20 79 p. c, dae prlDoUially
to increase la wages, higher prices of materials, ohl fly fuel, and to
the laree increa«ie in train mileage.
Tkaffio There was an ioorease in revenue from freights of $3 18,818, or 8*24 p. c. The number of ton* of
immerolal freight carried
one mile increased 19*49 p. 0. The average length of hiulperton
was 111*77 miles, as compared with 118 9^ miles daring the prevlo aa
year, a decrease of 6*06 p. c. The average rate per ton per mile
as
OTO of a cent, as compared with 071 of a cent for the (irevlous yea r,
a df crease of 1*41 p. o. The average earnings of freight trains per
mile run were $2 10, as compared with $2 3^ lor the previous year, a
decrease of 10*78 p. c . due ciil-flr to the deorease ia the average haal
per ton of freleht. The revenue train miles were l,75t, 311, an Increase of 271,079 miles, or 1831 p. 0. The average number of tons ol
freight in each train (including company's material) decreased from
342*16 in 1903 to 307*53 in 1904, or 10 12 p., due chiefly to decreased

—

1

average haul

IPCS.

Liahilitifs—

Bills

379988
8,8:2,962 8,487,107

77, p. 8288.

Georgia Sonlbern & Florida BailTrny.
^Report for Fiscal Year Ending June 30, 1901/., J
Pre? iderit Samnel Spencer says in substaocp:
Financial.— The company has no floating debt. Equipment obligations paid daring the j'ear, $78,000; oatstandlng at oicse of the year,

9348.(00

PUBCHASE AND GOAEANTY.— In Ootober, 1903, the oompapy purchased an Interest in the capital stock of the Hawklns^lUe & Florida
Bonthern Ry. Co., owning the line of railroad extending from HawkInsvlUe, Ga., to SVorth, Ga.. 44 mil<^s, ani-i la oonneottoo therewith
guaranteed, prlcoiralaiid Interest, first mortgage 6 p. c. bonds of that
oompaDy to the amount of $310,0u0. This property is not operated
by your oonopany and the results of operation are not Included In
tnope eet forth In this report.
BENEWAL8— Dailng the year 34*169 miles of new 75-lb. rail were
laid, making total length of track relald with 75 ID. rail, 14 4'3 mllep.
There were placed in the track 139,882 oroBS-tles, in comparison with
120.809 ih« previous year.
Equipment June so. I904.-Lccomotlves46. increase 2; papsenger
train cars 55. increase 1; freight train oars 2,633, increase 85; road
service equipment 13.

The operations, earnings, expenses, charges,

have been

etc.,

The company's rolling stock (all owned except 300 freight
and the character of its rails, ballast, etc,, are shown

cars)

below:
{

June
30.

opebations, eabninob, btc.
1903-04.
190203.
1901-02.
190001.
OperationsPassengers carried
492,148
476,207
438,407
898,762
Passengers car'd 1 mile. 19. 112,432 17,442,296 14,451,175 14,163,578
Reo'pts per pans, per m. 2-49 ots.
2-49 ots.
2*54 cts.
2*49 ots.
Tons freight carried
817.554
859,639
743,819
6«1,900
Tods freight cat'd I mile.77,697,160 79.205,649 66,369,659 69,467,091

Earnings—

cts.

1*206 cts.

$

1*149 cts.

$

1*2j9

cts.

Total

Expenses—
Maintenance of way
Maintenance of equip.
CoDdncting traospori'n.
Qen'l expenses & taxes.

.

945,678
475,641
272,321

434,918
244,438

$
762,840
367,901
120,134

735.485
353,267
116,109

1,693,540

Freight

Passenger
Hall, express and mleo..

1,685,191

1,250,875

1,208,811

223.279
327,946
f 63,636

271,161
329,069
505,038
129,135

182,610
302,399
3B»,785
111.118

242.756
211,808
348,271
100.^09

95.'',840

lt.8,654

$

,

ItoUlng Stock-.
F't.
Loco- Pass.
motives. Cais.
Cars.

1,278,465

Percent of exp. to earns.
Net earnlnjfs
Other income
Total

Deduct —
Interest on bonds
Interetit on car trusts.
Dividends

1.234,402

(75*49)

(75*49)

(7642)

(7f)-0S)

400.789

294,9(^9
14,0 89

300.667
12.789

416,075
16,338

14.792

431,418

415,581

309,058

243,3P3
17.300
•77,560

270,0f,0

17,479
•77,860

903.144

9.^.'^,906

313,456

190,050

190,050

•77,566

99[240

*5

p. 0.

on

first

89
66,324

338,243
77,338

.:65,<

preferred and 4 p.

o,

267,610
41,448

1904.
t
equip... 9 6 4.918

Truni equlpnjent..
Sccnrlttes owned..
Uatorlals and supplies

Cash (Inel. for Int.)
Agtnif and conductors
D. 8 <;i»'» (mall).
rail

42H,tOO

J!7i!,0.f3

2i>0,4be

106 033
30:^698

888,618

»Mf9

on second.

Total
p.TSiJ.

.

80.
I9r4.

I.iabtlities—
SUii k (set! Uy.

iND.'Sectlon..

Bonds (see Hy.

15.331
ia,38l
ei.fl-2

3Mt*8J

31.2^7
16.448

.

ohl's..

Taxes, U(it, due
HeS' rve fundi
Int.our and unpaid
.

Divlneniis

...10,784,280 10,87«,708

309

309

309

361.241
303,233
29,43>),2S8 25,761,967 21.334,343
2*50 otf>.
2*45 ots.
2*37 cts.
2*40 cts.
Ratep pai'S.p. mile.
Tons rev. fr'ht car'd. 2,627,872
2,065,916
1,719,836
1.4^2,875
No. tons car'd lmlle.293,707,328 245, 1 04,840 221,24".,845 200,175,197
0-71 ots.
Rate per ton p. mile. 0*70 cts.
071 ots.
72 ots.

Tons of freight in
each train (rev.)..

Earnings—

327*99
$3,039*34

331*11
98,887-30

29S*6S

Oriies earns, p. mile. $10,017*27

356*26
$7,106-23

$
759,374

Total

611,687

512,279

1,747,925
282,198

3,5t-8,iil5

277,451

1,428,419
258,040

2,749,818

2,487,463

2,198,739

1,176,703
607,845

974,139
449,734
477,343
78,703
84,882

788,216
378,-- 80
438,256

681,781
293.031
4^1,246
73,899
83,123

1,774,210
(71-33)

(70*64)

713,243
11,564

ti4'^,609

11,603

2,064.801
(7809)
685,017
12,469

636,528

.

2,066,743
273,328
3,099,446

Pasteoger
Freight
Mall, express, etc.

$
719,700

697,486

724,807

668.998

286,542
29,373

286.543
20,812

286.542

xl85,437

xlP6,438
x(b%)

185.437

285,592
27,249
249.406

_(6%)_

(8%)

501.792
195,693

604,411
220,396

562,236
96,762

Expenses—
Transportation
Maint'ce of way, &c.
Maltt. of equipm't..
General
.

602,903
97,618
89,450

Taxes

2,47*, 520

Total
P. c. of exp. to earns.

(7984)

Net earnings

624 926

Add mieoel. income.
Total

D«dMC«—
Imerescand rentals
Miscellaneous
DIvs. on pref. shares
Rate of dividend.

x.{t%)

.

601.352
135,176

Total
8ur. to profit

&

loss.

83,931
85,527

32.4X:2

1.6.'

3. 180

13,389

X

In addition, 4 per cent ($123,624) was paid in 1902-03 fiom profit
and loss on account of urfnnded arrears and in 1903-04 3 per cent
($96,448), leaving 5 p. o. still unpaid. See text above.
BALANOB SHEET JUNE 30.
1904.

1903.

t
t
12 .883,398 12.'.S2.582

Cosi of ro/id

Bqulpm't owned.. 2 ,8-1,169 2,612,5)9
IrivCBtuienis

1 ,660,1 '3

Our trust equlpm't
Arrears or dividends
Material on tiand.
Suudiy accounts..
I

110,880

92,2:8

First murt. Douda..

Oebeniures

—

(ien
mort. bonds.
ar trust notes
Certlf s fordivid'ds
Int. accr'd, not due
Reserve for C(]ulp.
1

258 833
194,»87
4,125
24H,271

'ash

Uemittances

1,610,014

LiabilUUsOrdlnary stmrcs...
Pretcired shares..

258,8(3
293.940
i,4'^6

242,720

I

TaX'8, not due

in

62.814

offlce

O'her rallroHds

.

..

U.S. P. O Dep'm't.
ludlvlduals
and

Total
-V. 79, p. »0l.

48,412

Miscell's reserves.

77,51-5

Int.

2,371

iat,.S20

Station a.^entR, &c.

r.!l,li>2

5,119

transit

143,1^7

14,769

14,4&!<

112,994
2,994

161,681
4,638

18,4!!6,599 18.286.543

and rentals ...
Vouch. & ace. pxy.
Pay rolls

Indivld'ls and oo?..
Oilier railroads

A.U

8.

Profit

Kt.<o

and

.

Ud.

loss

Total

18.486,099 18.'2fc6,643

Bnffalo Gas Company.

."iO.-OO

6,«i>i.nco
42H.0I
-9.4

72 6 4

165 794

C Report for Fiscal Year Ending Sci^t. 30, 190',.
Prepident Alex. C Hnmphreys says in eubstance:
The [Bcfialo] Natural Gas [Fae Co. continues to furnish gas at .'lO
cents per 1,000 cublo feet, aid as the gas Is used tor fuel and also for

.34-

001

e.'i,0 '5

r9.(IOH
IB.

Total

Jron.

8.76S.O0O

•1,561

loss

—

,

Trestles.

3,763,000

I'av-r^'lls (June)
.Miscellaneous

ProUt and

—

S

Audited vonnhprs.
>!0.«48

,

Wood.
7*^9
7*55

6..S'n.ono

&
&

IND. Section)

Rquipment

1903.

Slio Cin's.

489,976

Passengers carried.
625,981
Pass carried 1 mile. 30,323,825

Mlecelluuoous

.

17,PflO

13.384
fi4,063

.

Miscellaneous

-V.7»,

9..")8:i,5Ka

SiHOOO

com-

Icdlvidnals.
paile* etc

Leased

lars.
t

89,294
24,166

.

60.J6.

309

Average miles oper.

companies

condensed balance sheet JUNE
duett—
Rond and

::

ilh.

:

London
Total
Balance, surplus.

Ral's.
•

43
45

58

Assets—

Total

Owned
—Road^BMast.-.

(Miles).

,

.

8,4U5
225
214
76
65
43
172
118
199
91
0*42
3,497
Average number of cross-ties renewed in year 1903-04 per
cile of track 511, against 576 in 1902-03, and 381, the average
for last 11 years.
Earnin(,s.— The earning", balance eheet, etc., of the American company are as follows
OPEBATION8, EABNINOS, EXPENSES, CHAHOBS., ETC.
1903-04.
1901-02.
1900-01
19U2-03.
Operations—

1904

1903.... 68

as followe:

Batept-r ton per mile... 1-217

2585

Alabama Greiit Sonthern Railroad.
(Report for Fiscal Year Ending June SO, 1904. J
President Samnel Sppncer says in substance:
Financial. — There has been no change In the amount of capital

30.

Net revenue acc'nt.

Car trust notes

.

w

$321,920

$160,488

$280,670

Diduct—
Interest on bonds
Dlv. on oom. stock
Dlv. on pref. stock

Atsett—
Cost of property

J

THE CHRONICLE.

1904.

1)K0.

—

1

.

I

.'>3rt

M 54'

4-.().S0

.

OS

17.Hrt0

5:)3,3i5

4ue,999

10.784.280 10,874,799

]

throoKh Wt-lsbsch burners, the competition oontluuea to
be moHt dUU inU to meeit. Our sales of gas for the year decreaRed 2*02
p o In the r- ceding fiscal year there was an Increase «>f s 55 p. o.
While there were many new meters connected to our lines, especially
the
In otiMvlog dUtrioC", tciere was a n<»t deoreaiH of 2*:?; In
preceding tl«o«l year ihere wrs a net Increase In meter* of 385. There
was a net Increase In ouohing stoves and other appliances of 3lO; in
the preceding fiscal rear there was an Inorease of 783.
llloailnatlot)
;

i

J

2580

.

thp: chronicle.

Daring the rreoedlng flsoal year thu 2fatara1 Gas Oompany seoared
addltloDfl to Its nataral gas sapply and laid many addltlooai miles of
These faots afooant for oar losHes 1q teas sales. The falllni?
off In prottts was ohlcfl? dae to looreased price paid for ooal and decreased prices received f r residuals. While a mnch more favorable
ooal 001. tract was seonred sime month* ago, the stock on hand was
obarged np to this last yeai's cost at the former higher contract price
DurlnK the year fi2,iOd was expended for excenslon and renewal of
plant.
There le a surplus of quick assets over fljatlng debt of $13P,9io
There are la the company's treasury $95.00(i la bonis taUan out some
yearsHgo to cover expen^^es and Improvements to pUnf, which are
avillabie as alli'Jonai worklai? capital whenever a sale is advisable
No deolfiton has been arrived at as to the Ford franchise tax
have ontlQued to Include In th- year's expenses an amount equal W.«
to
the taxes previously paid.

The remits

for fonr years

compare

aa follows
1901 02.
$341,212 $339.la7
290.260
293,250

1903-04.

„
Net

„,
profits ......
lutert-st on bonds
.

$279,060
290,250

1900-01.

$303,939
290 250

Balance, Bur. or def. ..def.$ll,l90 8r.$50,962 8r.$48,8878r.$13,689

BAXANOB SHEET BEPTEMBEB
Plant and eqnlp't. 14,62^,1 19 14,680,005

Mdterlais and sup.
Trensury beads...

49,147
95,000

Investments
Gas bills
Ace's

Oyen

& bills rec'ble
conatr. accts.

Total

Profit
...16.061,75814,981,093

and

1S03.

f

7,000,000
c. l,713.noo
Gold n p. c. bonds.. 5,bO0,000
Bench repairs
2,015

Miscellane

Miscellaneous

—V.

1904.

LiabilitiesStock, commoa
Stock, pret 6 p.

Accounts payable.
CoDsnm's deposits
Reserve for improvements

of BiiSaio

Cash

30,

1903

lfe04.

t
T.fQO.OOO
1,7 3.0

5,i00 000

89 /U7
68,708

)9,:iBj

25,190
OU.lbO

6.S,601

lus

12»,415

67,600

loss

151, 12S

169, 03

Total.

.15,061,75614,981,093

77, p, 2337.

General Asphalt Company.
Statement of June 29, 1904.
The comparij's statement to t'oe Pailedelphia Sfock Ex
change, upon the listing of $13,139,663 preferred sto:k trust
certificates and $9,'/59,000 (aow $3,833,000) common stock

.

>

.

TruVoo^of New

.

Y^jrk

K®v*'L*F®^J*^®°*'""°^''*^s*^***7,000.OD0of the said common stock
De held by the trustees upon a separate trust to secure to the holders
or the preferred stock the right as provided In the plan
to exchange
their preferred eteok for common stock at any time
when the
books are open at the rate of $160 common stock for each transfer
share of
It 18 contemplated by the stock
Sff^^.l''^.^'^"®^'^®''**ment that any such conversion should be accompanied by trust agreethe exercise
by the trustees of their corresponding right to convert preferred
stock
into common stock at the same rate and in like
amounts. But as the
trustees have agreed for the present to suspend the
exercise of this
tneir part, an agreement has been signed by such trustees
rif.7
i^
they will not at any time permit to be Issued common
-J^P.t
*l^^**
oertlflcates exceeding the f9,999,C00 now asked
to be
H.t«d wi?S^
L«Mn„ fKf^I^^V"® ^° Vi^^^^ \? ^^^ S^««^ Exchange of such intended
^^'
fjojesaid $9,999,000 oommon stock trust certificates,
«Sio no,
"k®
IniC'^'^w^^' ^^'*^ ^y '^e Commercial Trust Co. of Philadelphia, upon
to meet any obligations of the reorganlzition
committee
?«mafi?J^»'.?^*
remaining unperformed and was not immediately listed
]
o^'^'* trust Created by the stock trust agresment
in refln•nr^^ 'J^f =?,
^^o V^Presentel by stock trust certitloates
will
o§ase on TnnA 1 S ?Q
}*• ^^^b ^"^l *^® trustees may, at the discretion of a
mai fn?f^ :J??u
of their number, at any time after May 19,
1910, dissolve the
™ust
preferred stock is llmittd to 140.000 shares, and it is
entitled to
.o«?i®
directors,
cle&i^^'? ^«°.^*^'** ^y '?" •"'*;* "' 15,1903. dividends at no^ex
ceedlDg ft p. 0. per annum from Jane
8uoh dividends are
J'^"® ^^' 1905.and If the profits of any one veSr af^e?
?u,H "i^V'"^*'^^'
,'i«o'a'Sf>le as dividends should not be sufflolent to pay
tuoh
rttvM««H®
** ^^® '^^« "' * P- « per annum upon such pre
?irr«;? stock, then the same
lerrea ±/2M°''^?:®*'"
are to be made no from nroflrs of a. latnr
^™'»^?* «' dividends herein speKd without in
tTi«t^h°«^l^*''*' *^J^
S^^S"»S*''®^^®''P*'*^ «' ««* *P»^t •>efore any dividend is de
"•* *^^ common stock. The remainder of the
net profits deS t^^K,
clarable as dividends may be distributed among
the h Tlders of the
Th^nar^vifn^^f.^"^'^ "<P^' stock and^^^^ by the board of directors
ihe parvalueof the preferred "^"^ *>« accumulated
dividends is also
'** ^° ^*"^ ''^ ^''^' ''^'"'^ any sum is
oV Itie
eommonftocl!"^''""'''
^'^00^18 subject to redemption at any time after three
vi^r! PJ^^^Ju®^years from the issue thereof at HO on 90 days notice,
a od during suoh
mon s^L^^^'l^t^^uh'V" ^r^ the option to convert the same intf com
srook. notwithstanding such notice of
redemption
PBOPERTiES.-By eundry proceedings since the acaulHitlon of Its
holdings of the General Asphalt Co^
?^?i!?'"'^^ ^^%
aated and enlarged, so that its operations are now have been Sonsollconducted Drinolpally by means of the followl. g constituent
eompanie"
1

.

^

S

•

i.„„ of m''A"r?^^^"^,^*^'°*fO<'--0'"K*"'z»'i in February. 1833 under
laws , West Virginia; all of its 43.900,000
capital stock is owned bv
^^'"•*" Co. Principal refinery ana manufaoturKiant
Mtn?/.°/?.'
''*°*^ <*'^"«''' «<>^«" over
19 afr^s on
wateJ ioA^rhy-'^flni'.""new ann provided
water front. This plant Is
with dock" nlemtrinai
nnloading facilities anl «ood railroad connections
OUer' r'finerlei
*•* ,*^ ^^"""^
City. Washington (D. O ). New
oTl«tn«''''? ^"''f
Orleans, Los A'igelea and b^'''^^
Midlson UU). OrKanlZiW ert«nd«
v^rganiziiion extends
throughout the United St.stes.
Owns permaienc or sem'-portable paving plants nnan real nntatB
owned in Blnghamtoa (N. Y ). Buffalo, Chicago, Cleveland
Detroit
Kansas City (Mo), London Ont.), Long iXnd
(Juv iJmlSe
Louie '8?'pa?l''^T]?,''-/*^^ ^""V "^V >^^»l'*dXliU. Rochester 8t

RE8TEI0TIOH8 AS TO Secdbitiks. ETC.-"the dlrectotB shall
any issue of bonds or funded debt secured by mortgage or not create
other
upon any or all of the property of the corporation, without the lien
oonK„ ^J^Prepsed either by vote or In writing, of the holders of not less
^*

,^o^''K,*'°J^'*.'**^*°«f

capital stock ot each class capable of being

'"'

^'•'^ctors shall not Incur or auth-r'z^ any uneeoured or floating
"i^K®
indebtedness of the company exoeedln>f 15 percent of the capital
outstanding without the consent, expressed either by vote or In stock
wrl^
ing.of the holders of the majority of all the stock of both
classes capable of being voted on. Any Indebtedness Incurred
or authorized by the
^, ".^i*/* exceeding said limit shall be binding upon the corporation
SI^iyKJ^^J"^® ?°'"P9''»"'"> ^o'*^'^' ^° the absence of such llml-atlon.
y*'*^^^®^*"'!.^?'^®^"^ *°^ *11 o' tl>e directors assenting thereto
?^„i, be
phall
personally liable to the corporation for the amount of such
6XC6B0.

The

consolidated
^ r!" "' ^"iui^jgo auu cAiJoiiotB ui luo
n ^^-„i Asphalt >.statement of earnings and expenses of the
a
iT Tj.
Co. and its Constituent companies
J^°eral

months ending Jan.

13

for the

31, 1904, follows:

CONSOLIDATED IHCOICK ACCOUNT FOB 13 MONTHS ENDING
Income from-

JAJT. 31,

aros$.
$4.873..^62

Asphalt..
Street paving

q

Private work
...:::
MisoellaneouB work, royalties, etc

qq

iqo

1795 227
1,
'253)462

W.'.V.

Total net Income

'

Interest paid. less interest received
Reservedfor maintenance of pavements ...
Depreciation of accounts and securities ...
Depreciation of plants

Extraordinary txpense

*1,598,785
320,252
264,339
60,814

«302 51«
297*746
427*013
l8V4fiS
171 2oi
9 790

•

.'..'."".".."""".I""'!"!

Total dedaotlona

Net

1904

Net.

$2,244,190

Deduct—
Management and general expenses

$1,393,754

IS months, carried to surplus
$850,436
report in V. 79, p. 101 and V. 78, p. i960,— V. 79,

profit for

Compare

Consolidated Bolliagr Stsck Co.
C Report for Fiscal Year Ending June SO, 1904.)
The results for three years past compare as follows:
EAHNINOS AND EXPBNSE8.
1903-04.

1902-03.

1901-03.

Earnings of oars for 12 months
Oisoounts

$201,135
169

$216,193
284

$211,643

f>ed«c(— Car repairs.
General expenses.
Interest

$201,304
$109,021
12,700
14,430

$216,427
$110,334
13,736
18.175

$212,028
$129,940
13.328
31.600

$137,051
$142,245
$64,2?3
$74,181
%) 41,687 (l%1 41,667

$164,878
$17,150
(1 %) 41,667

Balance year ending June 30.
$22,586
$J2,614
A88ET8 AND LIABILITItS JCHK SO.

$5,483

.

Total

Net revenue for year
Dividend (»»% Jan. and July).

Assets —
1904.
Cars
$4,248,837
Mileage earned and unpaid."..'"."
19,214
Accounts receivable
4.715
^
Inventory of repair shops, etc.".
87,155
Cash in banks
32,790
.'.'.",'
Stocks, real estate, etc
15,926
,To*.a?,

385

1903.
$4,322,497
29,591
8,054
35,559
37,632
17,720

1902.
$4,419,511
26,499
8.144
SI. 001

12,327
84,372

^

$4,358,638

$4,451,063

$4,521,854

gflV'tal stock...
Bills and accounts payable
Profit and loss account

$4,167,350
170 coO
21)283

$4,167,350
255,000
28.703

$4,167,350
308.3)6
46,188

— T7^^-5*'--Ak«i
V. 77, p. 2096.

$4,858,638

$1,451,053

$4,521,854

mVnufac-urVand-reo^Tr Vf Vph^ "maSSrnr/ road roUers'

Tn^uVaZo^T^e^rXtltVi^' ^-'^

Trlnl-

Pittsburgh.

^^hr^^^<i^''^^h^£TblT''^'^^^^^^^^

ior the

New

Oo.-A New Jersey corporation
whn« $10,<I00 capital stock Is owned by General Asphalt
whose «?A^,??n'"^''^'5A''P^*^l^*^*'=»
gaged In asphalt paving In Buenos Ayres. Argentina, Rio de Oo. EnJaneiro.
BrBzil. Owns a paving plant In Buenos Ayres en
leased ground

^

T

«^'' «

GENERAL INVESTMENT NEWS.

Q-^^io^^plordL^'

«8rf9,l6o of 6 P.O. debenture (not morteaee) bonds
company's option at par and

buMne^sfa^'r?..,"^*"^ "l ^^««« '^^"'' P'^rceTs arSnot
business, and sales are being mide from
time

n^^cessal-y to

to time.

he

.

I

Stock AND Voting TausT.-Pursuant to a plan of reorganlzition of
Company of America and the National A-phalt Co.. dated

^^'^- ^^'>'
S"."I *^« $14,000,000 preferred stock
stocb^, being the entire amount of the latter
except ten shares (par $100). to qnallfy direotorp. are held bv five
~ Harrliy Alvln —
trustees, viz: Budnlph Ellis, William F. "
iruBiees,
Kudnlph
W
Henry Tatnall and George R. Turnbull, under a frnst 4re"mentKrenh
dated
original Is deposited with .the Guaranty
"^ ^^^

yttt

•

truat certificateg, affords the following:

«ndVi«'oln°oniyana * 16.990,000 common

by

uau L<4Be Asphalt Oo.

vo^ d

fOfflcial

the Asphalt

t.

EngllHh Government to Pitch
Tar^;,i^'J';?.''V:?''2'""S:?.""°™
Island of Trinidad. This coroetslon exp'r-is In 1930. Also Liibe. In
In fen
Hinpie various estates surroundlni? the Pitch Lake, all of
which contain more.or less of overflow or land asphalt; also an
Iron pier; power
hou«e and overhead cable Wiy far oonveylnif a^'hilt from
thl^ lake
Produo-s only crude
oi'^.''',^^"i!J'^'*,P°°''*»'"'l* alongsllethi pier.
Important ou^tomyr In th^ Unltel States is the B*rber
* .vi.*,*; T>'*'^.''^
Asphalt Paving Oo., but also Hells to oth'-r customers In United
Spates
"*" oafstandlng $l.749.39fi 6 p. c. debentures, dated
?u^^°^°o?>a secured by mortgage
^'\*^'''
of conoessfon on Trinidad Lake
Thfl"
These debentures mature la 1930, with an annual sinking
fund which
will retire the entire Issue at or before maturity.
N*^^ l^"'"'' corporation of whose
wuose
«i^o^r?^«P'^f ^'"'™°2'^JS"--'*!«'^i?f,v"^"''*Pi*"i.5*°°^ *998,5C0 Is owned by New Trinidad Lake
ABphaltOo.and $!.00 Is held to qualify directors. Owns Bermnd^z
^*^®'° Venfzuela, "the validUy of the title to which ha« reril», b^'^n
cently
oonflrmed by the Hl(th Federal Courts In Caracas" (but
Qh^J^T '..P- i'.30, 2150); al.^0 cwns terminal facilities at
about 7 miles distant from Pitch Lake, and a narrow gaugeQuanoco.
Onaooco to the lake. The crude a-phalt Is broight to therailroad
United
«f»^ by specially cnartered fteamers
states
plylnif between Guanoco and
,.: ^^^ company poBsesses a reUnery at the lake and from
ti^^
and
«^nnn«L™® Produo.-8b^nds.ships refined l.asphalt. Has outstanding
it>250.000 6 P.O. gold
dated Oct.
lSf9l, maturing In 1911
eeonred by mortgage of Bermud. z Lake aid all owned

:

1902-01.

[Vol.

Lake A-sphalt Oo.. Limlted.-Organlzed under the
1 J-.^?Ti'''''?*2"^
laws of Great Britain. Capital stoo* £'SOO.ono, of which «497 ooo
U
owned by the General Asphalt Oo. and 43,000 Is held to qnalify'dlreo-

mains

(.'ity

.

RAILROADS. INCLUDIxXG STREET ROADS.
Blae Grass Consolidated Traction Co.— jRecefueraftfp.— At
Lexington, Kj,, on Nov. 25, this property was placed in the
bands of George C. Webb as receiver, preparatory, it Is understood, to the sale of the property and its transfer to
the
Blue Grass Traction Co. Compare V. 78, p. 1906.— V.
77, p.

soo9.

\

J

Dec.

3,

:

THE CHRONICLE.

1904.

Bine Grass Traction Co. -See Blue Graee Consolidated
Traction Co. above.- V. 78,

p. 1906.

Boston Elevated Uy—Repoit. —The report for the year
ending Sept. 3t) showed:
Olh. Inc. Charges Bal.for div
Net.
Gross.
812,391,853 $3.76»,«00 ^iS.aiO $2,975.26s $829,772
2,932,566
828,954
59,856
3,699,654
11,969,515
Dividends of 6 p. c. yearly call for $798,000, leaving surplus
of 131,772 in 1S03-4, against $28,954 in 1902 3.— V. 79, p J084.

Tear.

1903 4
1902 3

....

Maine VLK.—Sale of Bonds.— See Vermont &
RR. below.— V. 79, p. 2204, 16il.
Brookljn Rapid Transit Co.— Transfer Decision. -See

Boston

&I

Massachusetts

Metropolitan Street Ry. below.
President Winter on Thursday issued the following:
"The decision of the Court of Appeals applies only to tranpfers from
one leased line to arother owned by the lessee orto arother Hue leased
to and operated by snoh lesRee. bluce the Nassau Eiectrlo RR Co.
has resumed the operation of Us own railroad, the only point to which
the dectslon Is now applicable is the iDtersecUon ot Montaeae ard
Court streets, where the decision rf qnlres the transfer from the Montague Street line of the Brooklyn Heights RR. Oo. to the connecting
line of the Brooklyn City RR, Co., operated by the Brook yn Heights
RR. Oo. as lessee. Such transfers have been given at this Inter^eotlon
for several years past."

2587

proposed new mortgage to secure $10,COO,000 of 4 p, c. 50year bonds in order to refund existing indebtedness [about
$4,791,000] atd provide for extensions acd improvements.
The immediate isfue, it is stated, ^^ill he $1,500,000 for additions and betterments.— V. 79, p. 2455, 1704.

Connecticut B^ilway & Lighting Co.— Application to
List.— The New York Stock Exchange has been requested to
list $2,000,000 additional first and refunding 4J^ o. c. bonds,
making the total listed $10,855,000.— V. 79, p. 1461, 763.
(Electric)
Ry
Bonds
Connectieut.
C< nsolidated
Offerei.—Fr&vciB R. Cooley of Hartford is offering at par
and interest $200,000 of this company's 4 p. c, debenture?,
dated 1904 and due July 1, 1954. " free of tax in Connecticut."
All of the company's $10,000,000 capital stock is owned by
the New York New Haven & Hartford RR., and its trolley
system, aggregating 290 miles of track, including the cities
of New Hdven, Stamford, Norwich. Meriden, Middletown,
,

New London,

etc., is

—

bonded as follows: Bonds of Consoli-

dated Ry. Co., $3,076 000; bonds of constituent companies,
S5,984,C00.-V. 79, p. 2455, 1461.

Denver &

Southwestern Ry.— JVb Longer Listed.-The

stock of this company, whose property was recently sold at
auction in accordance with the reorganization plan and bid
in for the new Cripple Creek Central Ry. Co., has been struck
from the list of the New York Stock Exshange this week in
order to put a stop to a speculative movement which had
advanced the eupposably worthless shares from |1 to |6

In other words no transfers will be issued from any of the
Brooklvn City or Brooklyn Heights lines to any of the lines
of the Nassau Company, which owns lines on Bergen St.,
Seventh Ave., Douglass St., etc.— V. 79, p. 2204, 2084.
Calgary & Edmonton Hj.-— Branch Line Mortgnge.~The each.-V. 79, p. 1461, 902.
company has filed a mortgage dated O^t. 10, 1904, to the
Des Moiaes & Fort Dodge RR.— Option WithdrawnRoyal Tru3t Co., trustee (with the Canadian Pacific Ry. Co. Bonds Sold.— The offer of the Central Trust Co., Redmond &
as the party of the third part) for the purpose of securing
Co. and Hallgarten & Co. to exchange the new first mortbra^ach line mortgage bonds to the extent of $1,040,000. See
gage 4 p. c. bonds for the old bonds maturing oa Jan. 1, has
V. 79, p. 1265.
been withdrawn, as all of the new bonds have been sold or
Canadian Pacific Rj.— Leased Line Pouds,— See Calgary exchanged.— V. 79, p. 1704, 786.
& Edmonton Ry, above and Gueiph & Goderich Rj. below.— Detroit United Rj.— Option of Exchange.- Kean, Van
V. 79, p. 2148, 2084.
Cortlandt & Co., of New York announce that having purChicago Barllngton & Qaincj RR.— Called Ponda.— luwa chased from the Detroit United Ry. its first consolidattd
division bonds of 1879. viz., |61,C00 of 5 per cents and $167,- mortgage i}4 p. c. 30-year gold bonds due 1932, ipsu(d to
000 four per cents, have been drawn for redemption, and will replace an equal amouat of Detroit Citizens' Street Railway
be paid at No. 704 Sears Building, Boston, or at the National Co. first consolidated mortgage 5 p. c. 10-year gold bonds,
Bank of Commerce In New York on April 1, 1905, at 105 p. c. due July 1, 1905, that they are prepared upon deposit of the
and accrued interest to April 1, 1906, for the 5 p. c. bonds, last-named bonds with the Guaranty Trust Co. cf New
and at par and interest to April 1, 1905, for the 48.— V. 79, York to pay the holders $65 cash per bond and at the same
p, 2454, 1964.
time to prepay, without rebate, the coupons due Jan. 1, 1905,
Clilcago CoDSolIdated Trsdion Co.— Payment of Decem- and deliver a certificate of the Guaranty Trust Co., bearing
ber Coupons.— Ste Chicago Uaion Traction Co. below.— interest at the rate of 5 p. c. per annum from Jan, 1 to July
1, 1905, entitling the holders to receive on cr after July 1,
V. 79, p. 2084.
Ctaic8go Rock Island & Pacific Rj.—Elevators.— See 1905, an equal amount of D^itroit United Ry, first consolidated
Chicago & Rock Island Elevator Co. under "Industrials" mortgage 4^ p. c. 80-yefir gold bonds, due 1932, with Jan. 1,
This off^r is subject to termination
1906, coupons attached.
below.-V. 79, p. 1461, 1022.
at any time without notice.- V. 79, p. 2455.
Chicago Subway Co.— Cireular.-See Illinois Tunnel Co.
East St. Louis & S.ibarban Rj.— Listed in Philadelphia.—
below.— V. 79, p. 2454.
The Philadelphia Stock ExchatDge has listed $100,000 addiCfaiciigo Union Traction Co.— Rece'ver' a Certiftcatea - Intional collateral trust 5d, making the total listed $6,985,(300.
The receivers at Chicago on Nov. 29 apterest Payment
Increafe of Subsidiary's Stock.— The East St. Louis & Subplied to the Federal Court for authority to Issue additional
urban Ry. Co., recently certified to an increase in capital
receivers' certificates to such aggregate amounts "as, after
stock from $3,000,000 to $3,300,000. Compare page 1531 of
a hearing of this petition, the Court may determine." Stueet Railway Section.-V.
78, p. 1109.
Among the items specified are the following, aggregating
Erie BR.— Ltsfed.— The New York Stock Exchange has
viz.:
$2,405,994,

—

Hew

oars
$678,000 Contemplated Imp'm'ts.. $160,000
Refund, receivers' certlf. 383,000 Tunnel lowering
1,000,000
Permanent improvem'ts. 163,000 Brill oars
16,994
On Nov, 30 the receivers also received permission to borrow $151,875 on pledge of the receipts of the system, in order
to meet the Interest due Dae. 1 on the $6,750,000 bonds (4J^s)
of the Chicago Consolidated Traction Co., which was accordingly paid.
V. 79, p. 2454.
(

|

—

City Railwfj Co., Wheeling, West \a.-New Mortgage.—
This company, wbich owns 13 miles ot track in Wheeling
and vicinity, has called a mi^etlng of its shareholders, to be
held in Wheeling on D=c. 15, to vote on propositions: (1) To
rescind the action of the stockholders on July 5, 1904,
authorfz^.ng an issue of $500,000 mortgage bonds; (2) to
auih)rize in lieu thereof the sale of $1,000,000 mortgage
bends for construction and equipment of its railroad or the
acquiring of extensions of the same; (8) to increase the capital stock (at last accounts $400,000) to such amount as tbe
stockholders may deem neccFsary. F. J. Park Is Prtsident.

Cleveland Electric

below,— V.

Ry.— Decisf&n.— See

79, p. 2085, 733.

^_

^

Forest City Ry.

^

—

Cleveland Lorain Sc Wheeling Rf.
Diviiend.-'The
directors have declared a dividend of 2}4 P- c. upon the preferred stock, "as the full dividend of all earnings appliobble
to dividends up to June 30, 1904," payable on Dec. 15 to
stockholders of record on Dec 10.— V. 79, p. 2205, 2147.
CleTe'aQd& Piltsbnrgh Rlt.— Stock Awarded The $4,-

—

special {guaranteed stock was awarded to Kuhn,
L)eb
Co. at 105-77 p. c. or $52 88>^ per $'50 share. There
were sixteen bidders, the bi Is ranging from par up.— V. 79,
p. 2455, 2205.

003,000 4 p.

c.

&

Concord & Boston Street Ry. —Rfceivern' Sale Dee. £4.—
This company's property, including 2^ miles of track, Is
advertised to be sold at. receivers' sale In Waltham, Maes., on
Dec, 24; upset price, $5,000. Receivers are John T. Burnett, John L. Hall and George H. Newhall.
Sears Building,
Boston.
Coney Island & Brooklyn (Electric) RR.—New Mortgage
Authcrized.—The shareholders on Tuesday authorized the

listed the first issue of $10,030,000 first convertible 4 p. c. 50year bonds of 1953
Improvements in Jersey City.-Qener&l Manager J. C.
Stuart, under date of Nov. 22, writes to the 'Evening Journal"
of Jersey City bepppaking fair treatment for his company by
the municipality and saying in part
The Erie RR. has In contemplation Improvements In J^-rsey City

which agRregate an expenditure of $3,000,000 for the purpose of Inereaxlcg Its faoilities. Propo!<ltlonB have recently been submitted to
the Erie RR. to Join with another important line In the development of
a passenger tfrminal In New^ York Oiry. This would deprive Jersey
Olty of an enormous hanetlt, and while, owlnv: to our present Investments, It Is preferable 10 develop In Jersey Oily, yet, in view of the
hostile feeling that has betin developed over so small a matter as the
ellmlQatlon of Barnum and Ninth streets. It certainly Is advisable to
consider carefully the proposition above mentioned. There are also
In contemplation certain imiirovements necessary to care for an
Increased frfight business through Jersey City, bat if It Is found Impossible to proceed with said develcnments, the increased buf-lness
will be disposed of at Edgewater and Woehawfeen. where the Erie RR.
has large and ample terminals.— V. 79, p. •.'45^, 2205.

Forest City St. Ry., Clevil.nd, Vhlo.- Frar.chiae H>ld
7oid.— The Circuit Court at Cleveland on Nov. 28 decided
that the franchise of this proposed 8-cent fare line on Donison
Ave. was invalid because the company did not hE.T3 the consent of the property owners representing more than half cf
the foot frontage. V. 77, p. 1294,
Grand Trunk Pacillc Ry.— Sale of Bonds.— Speyet Bros.,
the London btuse of Speyer
Co. of this city, has contracted to purchaee and will shortly c ffer for sale $3 600,000
first mortgage Lake Superior Divieion and $8,000,000 Piairle
Division 50-year 4 per cent gold bonds, guaranteed, principal
and interest, by the Grand Trunk Railway of Canada. The
eale of these bonds will enable the Grand Trunk to undertake the immediate construction of Its proposed extension to
the Pacific Coast in accordance wifh the contract entered
into a f
months ago with tbe Canadian Government. Compare V. 78, p. llCifl; V. 77, p. 400. IftSI^.— V, 79, p. 269; also p.
1798 of the Railway & Industrial Section.

—

&

•

w

6rund Trnak Ry. Co.— Guaranteed Bo^ids.—See Grand
Trunk Pacific. Ry. abjve.-V. 79, p. 2455, 1641, 1381.
Gaelpb A Goderich Ry.— Mortgage —A mortgage dated
Oct.

8, 1904,

has been

filed

to the Rjyal Trust Co,, trustee.

:

:

THE CHRONICLb:

2588

the Ctinadiao PdolQc R4ilway Co. bf-ing "the party of the
third part," for the purpose of securlDg |3,<'02,500 bonds to
be leaned CD new road. The company is a enbeidiary of the
Canailan Pacific.
S-e paragraph 13,
report p. 1027,
Chronicle of Sept. 17, 1904.
Co.
Illinois Central RR.— Bonds O/erei. -N. W. Harris
are oflferlnpr by adverflspnipnt on another pige $1,500,00') of
the total lesne of $i,000 OOO Omaha Dlviatoa 3 p. c. bon is
due Ang. 1. 1951. la addition to being a direct oblitjatlOD of
the Illinois Central RR. Co., thes^ bonds are seen red by a
first mortgage on 130 miles of the main line from Chicago to

&

Omaha.
Sale of Bc7i'f».— The rompany has sold to Speyer & Co. and
& Co. S4,000,000 of the |13,162,000 of its pnrchMBt^d line" 8^ p c. bonds which were in the treasury on
June 80, 1904. If hus also given the same firms an option on
an additional $8 000,000 of the loan.
The limit of the au'boriz^d issue of "purchased line bonf^s"
is $20,000,000. ThHV cover the following subsidiary roadn, 631
miles, recently merged in the Illinois Central, and will cover
102 76 miles adaitionat if and when merged, viz.
ROADS MORTaAOBD TO SECDEE "PDHCHABKD LINK BONDS."
At a first Hen—
Miles
17-20
8t. Lonls & Obio RR., RoeveeviUe to Goloonda. Til.
4-80
ChilefopherA Herrln RR.. Christopher to Ziiltflcr. Ill
MnandR & Olive Branch RR., Monnds StatI'm to Olive Br'oh.IU. 10-80
Groves & Hard Rifl^^e RR., Groves to Sand Rtdge, 111
17-26

Kabn, Loeb

'

& Harlpin RR
Ohioaeo A Texas RR., Johoson

BlTerstdn
III.,

and branohfa

Monnd

2-17

Gity to East Cape Girardeau,

78-70

(6 inli»*e)

Mound

City Janotlon to Monnd City, 111
287
Peoria D."catDr&E^»tievllle, p(>rtlon f rom Mattoon to Evan8v'e.l34'93
Sahjut to underlying bondM ((or which $3,338,000 said S^cs
reserved)
Katkabee & Santhweetem. Otto to Normal JanoMon, 111., 7946
ID.; Kcisptoii Jdoc. to Kankakee Jane, 111., 41 80 m.; BaokIngham to Tracy. III.. 10 miles
,..181*26
Otiloajto MadlBon & Northern, Freeport. 111., to M»dlaon. Wie.,
61-80 m.; CedarvUle Jane, 111 .to DodgevlUe, Wis , 57-36 m.;
231-80
Freeport. 111., to Olaike St., Chicago, 11214 miles
City,

Total now Included
631 29
Altoif title atquired (tlU which $2,600,000 bonds reserved) —
Peoria Decatur & Mattoon RR. (V. 71, p. 298), Pekla to Mat102-76
toon, III
Of the authorized issue ($20,(00,000) |12 000,000 (of $12162 000 issued) has now been sold or placed under option, |5,888,000 is reserved to retire at maturity $96S,000 bonds on
Kankakee
Bouthweeteru due 19U, held by public, and
Northern which
$3,470,000 bonds of the Chicago Madison
are pledged as part collateral for the Illinois Central collateral trust 4s of 1^52; and $8,500,0^0 can be iaaned only on
acquiring title of Peoria Decatur
Mattoon RR., 67 miles,
(see also V. 79, p. 1273) -V. 79, p. 34C5. 1704.

&

&

&

Illinois

Tannel Co.— 0/er for Minority Shares —The

Chicago Subwav Co. (V.

79, p. 2454), having purchased twothirds of the $30,000,000 capital stock of the Illinois Tnnn-*1
Co., has offered to buy the minority shares, provided the
certificates, duly indorsed for transfer ia blank, shall be delivered to J. B. Russell
Co., 68 William St., New York, on
or before Dic 31, 1904. Each shareholder will receive for
one-third of his $100 shares $30 each in cash and for the remaining t(vo thirds of his holdings three shares of the capital stock of the Chicago Subway Co. for each four shares of
Tunnel Co. stock. In other words, the holder of e<ch 100
shares o'' Illinois Tunnel Co. stock will receive $1,000 in cash
and 50 shares of the par value of $100 each of the stock of
the Chicago Subway Co.
J. B. Russell
Co., representing the security-holders of
the Illinois Tunnel Co., have addressed a circular to the minority sbareboHers, saying:
The Chicago Subway Co is a New Jerpev corporation with an authorized capltaitz itlon of S.-so.OOO.OOO. of which $10,000,000 will be held
In the treasury for the b^npflc of »h6 company. I^ has been formed by
a number of the most prominent fiuanolal men of this country, all of
whom are prominently Identified with th=» most extensive railroad
systems, the iarge-t financial and banking Inntitarions, and the leading
commercial conrerns of the United Siates. Wa look upon thl^ transaction as being a very advantageous one for oar seourlty-holder*, inasmuch as It makes absolutely certain the value of our Investment and
provides for thn expendltare of a very large amount of money for the

&

&

future of the company.
The existlne bonds are left for the tim 3 being. The oonsu'nmatlon
of the plan above outlined will aadonbte iiy largely Increase th»» value
of the bonds, and It Is our firm conviction that these honds will be
worth foUv their call price, namely, 105. and should be held for that
flgU'-e.
We also believe that before long this propf»rty will become so
extensive inoharacter that a refunding of the present existing honded
Indebtedness will be imperailvo. Every shareholder of the Iliaois
Tunnel Co. has been dealt with on ab^olately the same ba^N. wlthmt
commissions raid to any one assoolatei with thu ••Tunnei" Co.. nor to
our firm, in this transaction, our firm's profit being derived In the
same manner as that of (-ach stockholder.

The bind issue of the Illinois Tunnel C >. is limited to $30,009,000. of which $15,000,00') was sold in February, 1904 (V.
Co.. who are ju-'t issnine
78, p. 820), to J. B. Rassell
the last $2,000,000 of this first bleak, |at 97i^.
It is
a notable fact that this one firm, withoat the backing of
any large financial interests, has raised all the funds

&

expended for construction to date through its country
oflBces, from a few huadred of its cuatomHrs, chiefly in New
York State and Pdnnsylvania, more especially the latter, in
the coal regions— Scranton, Carbondale, etc. There are
about 27 miles of road in operation.
Th^ Chicago Subway Co., we are informed, will have as
directors the "greatest Hsr of railroad presidents ever in any
board;"

&

J. B. Rns-ell
agents.—V. 79, p. 2455.

Co. will act as its financial selling

[Vol, lxxix.

The firs^ dividend, 3 p. c , W'is paid last
July. The board also adopted resoluMons that dividends
hereafter should be paid quarterly on April 1, etc., but the
quarterly rat» has yet to be determined,
TrairiB on Viaduct.— See Manhattan (Elevated) Ry. bslow.
—V. 79, p. 2456, 1955.
of record Dd«. 10.

Interoceanic By. of Mexico.— I»i<ere?t

Paymeifa.— The

directors have resolved, eubj-ct to audit, to maKe the following payments to holders of record Djc. 2 out of the revenue
of the year ended June 30 last
(I) At the rate of £2 5^. p. o., less income-tax. on the 4*« p o. seeond
debenture stock, luaklng, with the Interim payment of £2 .'Ss. p. o.
made on Mav '60 list, I'a p c for the yectr; (2i at the rat« of 6 p. o.,
leas Income-tax, on the 7 p. c. "B" debenture s ook.— V. 78, p. 287.
Lake Superior & Isbpemlng Rj,— Called Bonds.
block
of $45,000 first mortga;^e bonds called for piiyment is redeemable at the Farmers' Loan
Trust Co. on Jin. 1, 1905,
at 105 and interest.— V. 78, p. 229.

—A

&

Los Angeles Interarbiin Ry.—^lc^'xfsiMon.-This company
recently a^-qaired by deed from the tionthern Pacific Ry. Go.
of Califoruia the property and franchises of the old Sin
Gabriel Rii;id Transit Ry., extending from the junction of
Anderson and Alioo streets, Los Angeles, to R^mona and

Shorb.— V. 79, p. 627.
Manhattanf Elevated) By.— Trains To

PTesi Farm*.— Train
service on the Elevated portion of the Subway system from
149ib Street and 3rd Ave. to West Farms in connectioa with
the E )sc side lines of the Manhattan Ry. b'gau on Nov. 26,
through trains being run from the Uattery to the terminus
at West Farms, near the Eas'ern entrance of the Bronx Park
Z )ologlcal Gardens. See V. 79, 3456, 2205.

Manistee & Grand Rap^diRVi,— Nete Management.—The
following directors (and officers) are announced:
President. John Crocker; Secretary. W. M. Simpson; Treasurer, B.
C. SammonK; vv. T. Joy< e, Edward P. Vail and Chailea B Palo, all of
<!hictigo. and Vloe-Preslddnt and General Manager Max Folz, of New

York— V. 79,

p.

I

1642.

—

Uj,— Transfer Decwions. Th<* Court
of Appealx, in unanimous decisions in the cases of William
Griffin and Frank S. Scudder against the Interurbau Street
Metropolitan Street

(now the N. Y. City Ry ) and Luke O'RaiUy against
Brooklyn Heights RR., held that street surface railroad companies in cities of over 800,000 population are compelled to
give free transfers at intersecting points, so as to carry passengers to their places of destination over all the lines of
thnir system, owned, leased or operated, for a single five cent
fare.
In the laterurban cases, transfers were refused at
Lenox Ave. and Amsterdam Ave. and 125th St., and more
than one penalty of $50 for separate refusals was ^ued for,
but only one penalty in each case was allowed. Jodge Bartlett, who wrote the opinion, says in part, on this point, after
oondemnlng in strong language speculative litigation for the
recovery of cumulative penalties
R'iilway

:

It iB quite obvious that the legislative Intention to permit the recovery of cumulative penalties for the refusals of the defendant to
comply with the provisions of the railroad law In regard to tbe transfer of passengers Is as clearly manifested as tn any of ttie oases cited.
Not wli bstandlng this fact a maj srlty of my brethren are of the opinion
that while the rule for the recovery of camnlatlve penalties already
adverted to Is ttnally e-itab Isbed by the earlier deottilons of this Court,
yut the changed conditions In our modern life In great; cities reader its
modification Imperative. TheOourc Is or opinion that If cumulative

penaltlesare to be permitted, the Lestslatureshoald state

Its

Intention

many words. * * * A sound pabllo policy requires that only
one penalty ehiuld be recovered In a single action, aad tha<; the instltDtion of any action for a penalty le to be regarded as a waiver of all

in so

previous penalties Inoarred.

President Vreeland is quoted as saying: "The decision will
not materially aSact the practice of the comp^nv, although,
of couree, it may be required to grant transfers at a few
points where, in the iuteiest of the effectual handling of its
traffic, we would prefer not to grant tbeai."
Tne stand of the Court against cumulative penalties will
result In saving the companies a large amount of money in
cases pending.— V. 79, p, 2456, 3147.

—

—

Mexican Central Ry. Return of Deposited Bynds.
Co. ot New York and
Kutin, Loeb & Co. and Speyer
S(jeyer Brothers of London on Tuesday made the following
aanouDcement to depositors of securities under their circular
of May 12, 1904: " In response to our request for the deposit
of securities, there were deposited an amount of tHjnds which
together with those owned by the Securities Comoany, at
whose request we had acted, largely exceeded a maj jrity of
all the bonds the deposit of which had b^en requested by u?.
In view, however, of conditions which have arisen since the
issue of our circular of May 12, 1904, and in order that depositors may be in a position to avail themselves of the present
market for their bonds, in case they so desire, we are of the
opinion that it is proper that we should offer to all depositing bondholders, as we now do, the right to wlthlraw their
deposited bond^, free of expense, against surrender of the
certificates issued upon their deposit."— V. 79, p. 5!456, 963.

&

Misslselppi Central RR.—Proposed Chivge of Nime.—
operation from Hattiesburg to
Tbis company, with road
Silver Creek, 65 miles, has given notice of its intention to
change the name to the St. Louis Pascagonla & Panama RR.
Compare V. 79, p. 152.

m

New Orleans* NortheasternBB.— Second Diuicfend— The
company paid on Dea. 1 a second annual dividend of S p. c.

on its $6,00 \000 stock, calling for $180,000. See report on
Interboroogh Rapid Tranglt Co., New York City.— Divt- page 2584 -V. 77, p. 2281.
dend Increasp/i. — Tbe directors on Wednesday declared
New York Central a Hudson Blver RR.—Electric Equipa Idividend (No. 3) of 8 p. c, payable Jan. 8 to stockholders ment.— The technical papers have recently devoted muclr

J
f

—
Dec.

THE CHRONICLE.

3, 1904.]

•J5^9

new electric locomotive whicb Nashville RR., voted on Nov. 26 to make a new m )rtgas;e to
comoany by the General Electric Co. and secure $2,000,000 bonds for general improvemeura, double

epaoe to dtecriptions of the

was

built for this

American Locomotive Co.. and exhibited at Schenectady,

tlae

tracking, branch roads, equipments, etc.— V. 79, p. 1958.

The New York Central is now electricSontbern Paclflc Co.— Ltsfed.- The NewYork Stick Exally eqnippinpr the main line from the Grand Central Station
change has listed the $40,000,000 preferred stock and $17,110
to Croton, a distance of 84 miles, and the Harlem division as additional common stock. There is now $197,849,200 of the
N. Y., on Nov.

12.

Ic is proposed to handle all
within these limits by electric locomotives,
Althongh only a portion of the track used for testing was
available on Nov. 12, eight-car trains, weighing, inciading
locomotive and passengers, 481 tons, reached a maximum
speed of 63 miles per hour. Tbe actual reduction in the expense of maintaining the rails and roar!-bed, due to the absence of poutjdiog and rolling, it is believed, will effect an
Important saving.— V. 79, p. 8148, 1955.

far as

Wblte

paesenger

Plains, 24 mtles.

traflBo

New York & Ottawa BR.— Sa/e
The

to

New York Central—

New York

Central has sscured control
of this company and will buy in the property at foreclosure
sale on Deo. 22 is believed to be correct.— V. 79, p. 2206.
report that the

Norlhprn Ohio Tracllon
Charige

Hands.— The

land, trustee

&

Light

Citizens' Savings

Co.,

Akroa.— Bonds

& Trust Co.

of Cieve-

under tha mortgage, has purchased from the

Everett- Moore syndicate $600,000 first consol; 43 of 1933 and,
A. syndicate
is said, will bold part as an investment,
has alpo purchased |60,000 treasury b iuds of the Northern
Light Co., which will uae the proceeds to
Ohio Traction
pay fljating debt, reducing the same to $50,000. Total consols now outstanding |1 000,000 of 5 per ceats and 11,830,000
of 4 per cents. -V. 79, p 904.
Ottawa (Ont.) Electric Rj.— Negotiations with the City.—
The City Council of Ottawa, haviug made a move looking to
the purchase of the property, the company has proposed to
sell the capital stock (|t,O0U,003) on the basis of $350 per
share (par $100), payable in City of Oitawa 4 p. c. bonds.
There are outstanding $')00,000 first mortgage 4s, due 1932;
interest payable Janniry and July; trustee of mortgage,
Ottawa Tru-it
Dividends at the rate of 8 p. c.
-posit Co.
per annum have been paid for a number of years, leaving a
good surplus for other purposes.
It

&

&D

Penn Incline Plane Co., Pittsbnrgh.- SoU —At the foreclosure sale In Pittsburgh on Njv. 14 the incline aad sever mI
pieces of real estate were bid in by Joshua Rsed for $30,000.

—V.

79, p. 2148.

n^PennajlTanla

Djdge

&

UR.— Equ-pmant Trmts 0#cred.— Clark,
New Yora and Lee, H'g^lnson & Co. of

79, p. 2457.

Qnehec & Lake St. John Ry.— Bonds Offered.— Ihe com
pany off*"red In London last week £75 OOO of its prior lien
par £100, at 87 J^. The total authorized issue of prior
bonds is £ 00 OOU. of which £200.000 has been outstanding for some time and £300 000 was authorized las^ summer
for the construction of a 40-miIe branch to La Tnqne new
rolling stock, etc. All the prior lien bonds are due Ap'il 1,
1921: interest payable Apr. 1 and Oct. 1, through Giyn, Mills,
Currie & Co., London. Compare V. 79, p. 786.
Qiieeo Anne's FtR.— Foreclosure.— Judge Morris in the
Utiif.ed States Circuit Court at Baltimore, on petition of over
60 p 0. of the outstanding bonds, has granted (he Iot:;r
national Trust Co., as mortgage trustee, permission to file a
suit for foreclosure of the mortgage of 1901,
Tbe property
will be sold, eut j'^ct to the $380,000 first series boniis, for the
eatipfaction of ttae outstanding $865,009 second series b.)nd8.
Compare V. 79, p. 1642,
48,

lien

Ralefgh & Capf; Fear Ry.— iVew Mortgage.— Th^ compi^ny
reported to have filed a new mortgage lo secaj-e $33,000 of
6 p. c. eqnlpmenr, and improvement bonds. V. 77, p. 197.
St. Lnnis Pascagoala & Panama RR.— See Mississipi Cenis

—

RR

,

Union Traction Co., Santa Qrnz.—Conso'idaiion—New
Mortgage.— Tlh\s oompany was recently inoorpora'ed in
California with $75'^ 000 auchorized capital s*^ock, in scares of
$100 each, to consolidate the Santa Cruz E'pctrio Riilway
and tbe Santa Cruz Capitola & Watsonville R7. companies.
Tbe sha'-eholders will meet at Santa Crnz on Jan. 20 to
HuthoriZ'? $750,000 5 p. c. bonds of $1,000 eacb; interest pay-

The road, it is said, will be doubletracked and a new line built '^crossing the bridge at the
mouth of the San Lorenzi River, which will give a 15mlnute service betiveen the Casino and Capitola, inst-ead of
tbe present 85-minute service via Eist Sinta Cruz." The
directors (ind officers) are :
Pre'ldent.
B. Porter; Vloe PreBldent, M. V. MoQnltre; Trea«arer,
Henry WHlej; Secretary, J. W. Forgeus; M. V. MoQiigg, J, M.
Gardner, F. 8. Granger »nd Wm. T. Jeter.
The constltuH'nt companies have agreed to transfer their
properties to the Union Traction Co. within 90 days from
Oct. 27, and in tbe meantime to operate under one management, the profits being equally divided betsveen the two companies pending the consolidation.
United Railways & Electric Co., BUtimore.— ZVb Interest
on Income Bonds, The directors on Nov. 28 passed the following resolution:
Hesolyed, That It l8 tlie ]adi;ment of the board of direotors that in
view of the money already paid, owing and neoeasary to be p'OTlded,
In respeot to taxes, operating expenses, neoesaary repatra and malntenaDce, and Interest on Itf other prior bonled ind b';eila98«, theoompany Is not now authorized to apply any of Itn net earnings to tbe
payment of interest on Its iaoome bonds or dividends on lis preferred
able semi- annually.

W

—

8took.-V. 79,

p. 1«$43,

1833.

RR.— Sonds Sold,— The BosMaine
ton
Co., lessee of the Fitohburg
, and
HO operating this road, has sold to E. Rilllns Morse & Bro.
the entire ii^sue of $772,000 Vermont «te Massachusetts RR.
debenture 3J^ per cent 20-year currency bonds, dat^ed May 1,
1908, and guaranteed as to principal and interest by the
Termont & Massachnsetts

Co. of
Boston, are offering for sale by advertisement on another
page, at prices to return 4*05 p. c. on the investm^^int, the unsold portion, $3,000,000, of tbe $10,800,0(0 equipment trust
registered, 8J^ p. c. gold certifioatps purobaaert by them and
fully describea in last week's Chkoniclk.
The nnmtierof
cars sfcnrlng these $10,800,000 trujt certificates is 8,587.— V.

tral

on the list.- V. 79, p. 2461, 2452,
Springfield (Ohio) Union Depot.— Jforfgogr^.— Tola company, coDtrolled by the Cleveland Cincionati Cbicasjo & St.
has made a mortgage to the Ootral
Louis Railway Co
Trust Co. of New York, as trustee, to seuure $3 )0,000 of 4
p. c. gold bonds, which will he guaranteed by the aforesaid
railway company. M. E, Ingalls is President.— V. 77, p. 770.
latter

above.

—

Seaboard Air Lino Ry. Birmingham Extension, The
last rail on thecompan<>'8 line between A lanta aal Birmingham Wis laid on Nov. 26, but regalir train service will not
begin f jr several weeks.
iion^s O^'^red.—E.
Rollins Sc Sons offered last week
$8^0,' 00 of the total issue of $1,000,000 G)orgia & Alabama
Termmal Co. first mortgage 5 p, c. gold bondi at 109!^, Tbe
fn'ire capital stock of the Terminal Cjmpany 13 owQ^d >y
the Seaboard Air Line, whic^, it is stated, ha-i assunnd tha
guaranty of prinaipal and intere8^ endorsed on tbe bjuds by
the G^jrgia & A'.abami Railway C >. The mo'-tgage covers
terminal property in tbe Savannah River, atSivianah, con
sisting of 910 acres, improved with doc;ks, warehouses, cotton
pressee, etc , constituting the terminals of the Seaboard Air
Line at that point. V. 79, p, 2148. 1332.
Sllverton RR. — Reorga 'izei, Company
company with
this name has been organlzpid in Colorado, no doubt to
eucceed the SiUerton RR. Co., which has been in receiver's hands since July, 1899.
The incorpDratore of the-

H

—

—A

new company, with headquarters

in

D

>nver,

ino'uiie:

—

Alexander Anderson, Silverton, Ool. J. A. E vlag, L^advllle,
Col.; Otto Meers, Denver, and others.- V. 69, p. 132.
p 8o«th k North Alabama RR.-Niw Mortgagc.—The) share
lioldera of this oomyaay, a sub.ildlary of the Louisville &
;

&

RR

RR

Fitchburg RR. Co.— V. 76, p. 812.
y<cbsbarg Shreveport H Pacific Ry.— Jncrexse in Dividend on Common atock
second annual dividend, 8 p. c,
wa3 paid Nov. 30 on the common stock, oontra'iting wirh 2^
See repDrt on pige 2584. V.
p. c. paid in November, 1903.

—A

—

77, p. 2282.

Western Harylmnd RB.— Description.—The "Railroad
Qazatte" of Nov. 18 contained an illustrated article regarding the company'd tidewater terminals at Baltimore.
V. 79,

—

p. 2207, 1958.

INDUSTRIAL, GAS AND MISCELLANEOUS.
Allegheny Coal Co.—iVet* Fonds.— The shareholders will
meet at the cfSce io Springdale, Fa., on Jan. 25 to vote on
increasing the indebtedness from ISO^^OOO to $450,000. W.
D. B. Alexaoder is President and E R, Fanchar is Secretary.

Compare V. 77, p. 197; V. 73, p. 288.
American Malting Co.— Decision —Ju'tice Clarke, in tbe
Supreme Court in this city on Tuesday of tbls week, banded
down a decision in favor of the plaintff in the caee of Archibald A. Hatchinaon and Victor K. McEiueny. on behalf of
th'-mselves and other stockholders, against Al-r-xander M,
furtiss of Baffalo, which was tried some time since.
(See
V 78, p. 770.) Tbe defendant is held liable for $'.087 074,
the amount of dividends declared at meetings at which he
was present in July, 1898, to October, 1899, both inclnsivi,
in excess of net profits, namely, out of capital, as seated by
the Court, together with interest, amonnting in all to about
81,400,000.
The amount of the dividend paid in April, 1899,
$252,700, is excluded, the defendant having been absent from
he meeting at which the declaration wa? made.
Th«> action is baspd on Seo'ion 23 of the Stock Corporation Law of
New York State, which provides that dlreotorH chaii be Jointly and
I

«)»veraily liable for tbe kmouot of dividends paid other th^u ont of
t-urplns or net proBts, and Se "tlon fiO of the name law
loh extends
he operation or the f>tatnte as to lltibiUiy for iiuanihorizei rtlvldeods
to foreign corporations, the Malting Company having been Incorporated nnder the laws of
Jereey. In tlguilng the profits the estimated fu'.are profits on oontracti* for fatnre rtellverl«s running
over ma' y month* were exoladed, snch proflts be'ng confined to the
aotnul rexl'z^d profits lo hunil. Whle tbe plaintiff < olHlmed that the
actl >n ooDld be miilntalne'i ander the ooninion law alone, the decision
Is based on tbe letter of the statute abov^j cited.

w

New

See decif-ion in full in New York " Law Journal," Nov. 80,
Similar actions are pending against the other six directors involved, none of which has yet c )me to trial. It is
reported that a movement hh*ci been started to amend tbe
New York law at the coming session of the Legislature so as
to limit the liability in such cas^s and relieve direct )r8 from
a portion of the reBponsiblllty that the present law makes
1901.

them bear. Some doubt is expressed, however,
whether such a measure could be made retroactive.

as

to

:

THE CHRONICLE.

2590

I

Vol. lixix-

Net earnings 1903-04, $22,665, over four times interest charge oa
Promoterit' Suit.— The action bronght against the proTrust
Savings Bank, Chicago;
moters to recover what are claimed to be exorbitant profits bonded d'bt '^ru«tee, AmftrloanRapids, Mich. Doe of the oldest
Connsnl, Chan. E. Temple, Grand
and
1225) Is now pending on appeal to the Court of most Buooessful lighting and hot-water heatlni^ plants in Iowa. No
(see V. 78, p
competitor.
Appeals from the dpclsinn rendered lu favor of the defendants.— V. 79, p. 2149, 2083.
(hicBgo £ Rock Island Elevator Co— Mortgag".— This
American Sarta Fonntain Co.— No Report.— At the annual company recently purchased thrcneh John C. Shaffer from
(controlled by the
meeting on N iv. 3') no report was sabinttted to the stock- the South Chicago Elevator Co.
holders. An official is qaoted as saying: "O tvlng to the sharp Counselman estate) three of the largest grain elevators
competition in the trade, it is thought advisable not to issue at South Chicago. These elevntors, known as "C," "C ana statement. In the future the only evldecce of our profits npx" and "D," are located at 93rd Street on \hh Calumet
will be in the declaration of dividends on our stock."— V. 77, River, and have a total storage capaci'y of 4, 500, (00 bushels.
The purchaser made a mortgjige to tho First Trust &
p. 2085.
Anltman Co Canton, Ohio— Ltabi7i^ie«.— Receiver J. J. Savings Bank of Chicago, as trust' e, to secure $1,COO,000 tf
<fe

,

5 p. c. 20-year bonds of $i,000 each, and thf»n sold the propin the United States Court at Clevelani on
Nov. 25 a statement showing the total assets at $1 644,070, erty to the Ckiicago Rock It^.land & Pacific R)., which conand total liabilities, direct and contingent, as |4, 660,436, viz.: trac ed to pay the interest on the bonds as it mutares and at

Sullivan

filed

Liabilities, direct
$890,004
Contingent UabUlttea, as endorsemf^nts for jobbers, ae tolIowp: W€8^«rn Snppiy O" $948,082; Cedar Rapids Supply Co.. $803,679; E.r. Kenny Co., $371,488; KenyonRoslng Co., $365,854
2,483,908
Eadorsements on notes of Arotlo Ice Machine Co. (eabsldlaryoo)
851,392
Mleoellaneoas trade paper regarded ae absolntely good and
•are to be taken care of by the makers thereof
435,132
—Compare V. 79, p. 2207, 1613.
Bon Air Coal & Iron Co.— Sale of Bonds.— This company
has sold to the F .urth National, the American National
Batik and the Union Bank
Trust Co., all of Nashville, a
block of 1850,000 new general moitgage5p c. gold bonds.
These bonds are part of an Issue of f 1,000,000 dated July 1,
1904, and due July 1, 1934. without option of earlier redemption; deaomination |1,000; interest payable J^n. 1 and Jaly
1 at Fourth National Bmk, Nashville; trustee Union Bank
Trust Co., Nashville; sinking fund 2 p. c. per annum. Of
the authorized ifsue I^OOjOOO is reserved to retire at or bafore
maturity $410,000 bonds of the consolidated companies, viz.,
Bon Air Coal,
Lumber Co., $170,000; Bcffilo Iron
Co,, $240,000
Tne company operates and owns in fee three
coal mines with a daily capacity of 2,000 tons of coal, also
200 coke ovens making c ke for its two.iron furnaces, which
have a daily capacity of 300 tons pig iron. The property includes 123,000 acres cf coal and iron lands, and is reported
"in first-class condition and very valuable." Of the capital
stock consisting of $2,500,000 each of common and 6 p c,
cumulative preferred in shares of $109 each, there is outstanding $1,850,000 of each cl iss. Tha preferred hag paid
regular quarterly dividends of IJ^ p. c. for several years and
is selling at 83^ to 84.
The common is quoted at 28 to 29.
John P. Williams, President, Nashville, Tenn.— V. 75, p. 668.
.

&

&

Lmd &

Boston Robber Belting Co.—New Directors, Etc —At the
annual meeting this week Eiwin A. Hildredth and Francis
H. S 'evens were elected directors, succeeding James Pierce,
deceased, and George A. Miner, resigned. The capital stock
is $1,000,000.
B ^ston papers say
:

The report

for the year ended Got. 1, 190', showed net profits from
sales practically ths same as a year ago, $104,000. The reserve fund
now amounts to $-00,000. Invested la boade, the same as a year ago.
The regular qtiarterly dividend of 2 p. c. is payable Jan. 2 to stockholders of record Deo. 15.— V. 79, p. 2088.

ULaj, Limited.— Stock Offered -California P opEaglish corporation, controlled by the Diamond
Match Co., is cflfdring la London at 102 the remainina: £150,000 of the total author^z d issue of £250,000 4 p. c. debenture
stock, This stock, or any part thereof, may be radeemed
at the option of the company on 6 months' previous notice
at any time after Dae. 81, 1910, at the rate of £105 p. c. An
advertisement says:
The Issne of £250,000 debenture stoolc was authorized In Jan., 1903,
»nd of this JBlOO.OCOwas Issued In February last year, the proceeds
being applied t'l gen^^ral purposes and toward* the parchase. on equal
Joint account with the Olamocd Match Co. of Illinois, of certain timber lands In California, and the er-iotlon thsraon of sawmills and
other works for dealing with pine and other lumber; nnd the total
amount expended by the company to date In connection with this

Brjaat &

erf^/.

— This

undertablng has been £IS4, 164.
The present Issue wlil, it is estimated, snffloe to complete all works
in hand in rela'lon thereto, and also provide moneys that are required
in connection with the extension of the company's Interests In South
Africa.

The development of the Callforn'a lands and works has continued
to progress very raplily. The logging roads and sawmills are already
Id active operation, and the directors confidently anticipate from the
latest reports received that the investment will be producing subatantlal revenue within the next six months.

The properties upon whUsh the debenture stock is seou el by a mort
gage anC fljatlng charge comprise: Freehold and leasehold premises
at London and Liverpool, plant and machinery In those works, and the
foodwUl, patent right", trade marks, stncks-ln-trad*', Investments,
ook debts and cash In hand, whloh stood in the books June bO last at
*1,297,793, after deducting £i3,600, since paid, in respect of dividends accrued to that ditte.
Share capital, " all Issued ani full paid," is 4890.000, viz
93,000
preferred shares of *.=> each, «i8<>.0t)0; 400,000 deferred shares of
:

£l each, £400.000.

Compare Dlamoud Ma^oh Co, V. 76. p. 6.')6.
[A. majority of the deferred (c>mmon) stock and some amount of the
preferred are owned by the Diamond Match Co., which thus holds
control, the preferred shareholders not beln? entitled to vote except
on matters directly afl^ctlng their interests or Incate of their dividend
being two months In arrears. Bo]
Tne comp'iny l3 paying 14 p c. per
on its preferred

annum

shares and 5 p. c. on it> de'e red shares, the net profits applicable to dividends having bean £07,688 for year ending
Jane 80, 1904, against £100,613 for the year 1902-08. -V. 77, p.
351.

Baff.lo Natural Gas Fael Co.— See report of Baffdlo
). on page 2585 —V.
77, p. 299.
Carroll (la.) Light Hoiit & Power Co —Bonds Offered.—

Gas C

The company

offers for sale $100,000 5 p.c. first
20-year gold bonds.
advertisement says:]

An

mortgage

least Ji50 OOO of the prinoipnl of the issue each year.
Bonds dated Oct. 1. 1904. and due Cot. 1. 1924, bat subject to call

for payment at par and interest on anv interest day on 60 days'
notice; interest payable April 1 and Oct. 1. The mortgage covers the
entire property and an assUnment of a contract between John C.
8h«fl'.»r and the C. R. I. & P. Ry. Co., by which th-* former covenants to
bny the elevators and turn them over to the Elevator Company for
»ale to the Railway Company, and the latter agrees as canslderation
thsrefor to pay the principal and interest of the bonds and to meet all
taxes, asBesements, cost of repairs, etc.

Colo-ado Fael * Iron Co.— iVetc Mortgage.— The new
mortgage to secure the $45,000,000 of 5 p. c. 80-year gold
bnnds authorized under the reorgantz .tion plan (V. 77, p.
2341) has been made by the Colorado Industrial Co. to the
New York Security & Trust Co., as trustee. The bonds are
guaranteed, principal and interest, by the Colorado Fuel &
Iron Co.
Series A, $14,000,000, are in denomtnations of
$1,000 each, and by their terms are exchangeable for common
stock of the Colorado Fael & Iron Co. at any time at the
option of the holder?. These bonds are issuable, dollar for
dollar, for the old debentures, which also rec? ive 20 p. c. In
new common stock. The remainder of the authorized 's-ue,
constituting series B, are of the denomination of $1,000 and
$1C0, and are applicable as follows: To be sold along with

M
f

20 p. c. in stock for $18,600,000 cash to provide for the repurchase of the properties formerly owned by the Colorado
Fuel
Iron Co., and for addi ionfcl capital, $17,000,000;
reserved to retire at maturity a like amount of underlying
mortgage bonds, $6,000,000; reserved for additional capital
and future rfquirementa, $8,000,000.
circular is being
prepared offering the first right to subscribe to the $17,000,000
bonds with 20 p. c. in stock to the sharehbldere. It is stipulated that the Industrial Company may call in and redeem
all or any of the bonds before maturity at 105.
The mortgage covers all the coal and iron lands, iron and
s'cel works, and other property, of the Colorado Fuel
Iron
Co.; also the following securities:
Colorado Fuel & Iron Co. debenttires of the $14,068,000 is1
sue (at last accounts $13,358,000 of these bonds had
I
been turned in for exchange)
4.11 as deposited
I
Col. Fael & Iron Co. general mortcrage bonis, $6,000,000,
i
If and as, retired with the new bonds at or before maturity (1911)
None at present
Colorado & Wyoming Ry. first mortgage bonds
fi,50O,O0J
Entire capital stock
100,000
Rocky Mouhialn Coal & Iron Co. entire capital stock
3,000.000
Crystal River Ry. entire capital stock
331, 00
Also two notes aggregating
130,000
Directors. —The directors elected at the annu»l meeting on
0?.t. 17 are
Fred. T. Gates, Edwin Hawley, John H. MoClemi^nt, E W. Oglebay,
George J. Gould, John D. Rockefeller Jr.. E. H. Harriman. Benjamin
Nlooll, James H. Hyde, E. Parmalee Prentice, Starr J. Murphv, P. J.
Hearne, D. O. Beaman.— V. 79, p. 2140, 170S.
ColambnsCGa.) Water Works Co.— -Washer's Price Modiflei.
—See •'Columbus. Ga." page 2599. State and City Depart-

&

A

&

ment.— V. 79, p. 2149, 105.
Commercial Cable Co.— 2Vb Longer Listed.— The

capital

stock having been mostly excharged for shares of the Mackay
Companies, has been stricken from the list of the New
York Stock Exchange.—V. 79, p, 2459, 1464.

Consolidated 9a8 Co,, Baltimore.— 5a?e— The following
statement was given out Monday "Messrs. Qastavns Ober,
Hambleton & Co., Townsend Scott & S )n and Stein Bros,
announce that they have to-day concluded the sale of their
own and other interests in the Consolidated G-as Co. to
Messrs. Berton, Storrs & Qriscom. Payment for the stock
will be made on and afcer Dcc. 1 at any of the ab^ve named
banking houses. The control of the company is -now absolutely vested in the New York fiim, they owning a clear
mwjsrity of all the stock, Th? iDcal interests have parted
with their entire holdings and have no knowledge of th^ purchasers' plans.'' The purchase price is $88 a share (par $100)
ex dividend and free of commission,
" The purcbass is ma3e
Berton, Storre & Griscoro, say
for cur own account, and no other properties are involved.
No detailed plans for the future have yet been determined,
the policy of the new owners will be to satisfy theooneuoiers
who are seived with gas. The immediate management remains unchanged,"— V. 79, p. 2207, 1643.
Continental Can Co., Syracuse, N. Y.—O^cfrs.— This new
company is said to have purchased factory buildings in Syracuse and Chicago which it will equip with modern machinery
f .ir the production of packers' cans.
Directors:
:

:

President. T. G. Oranwell; Vice-President, A. W. Norton; Secretary
F. P. Assmann; J. O.Taliaferro and B.
Larkin.
V. 79, p. 2149.

H

and Treasurer,

Compare

Dlamood Match Co.— Stock

— CaUfjrnia
-V.

Offering by Eagliah Subsidiary

rroperty.—Sie Bryant

78, p. 7C0

&

May, L'mited, above.

A

Dec.

3,

THE CHRONICLE.

1904.J

2591

Equitable Illmuinatingr 9as Light Co. of Philadelphia.—
Catted Bonds.— One hundred and fifty seven (|157,Oon) bonds
of 1898 will be paid at 105 and interest at the New York Secnrity & Trust Co., 5:6 Broad St., en Jan. 2, 1905. See numbers in advertisement on page x.— V. 79, p. 2088.

company's conduits had been rejected as inequitable. Subsequently President John M. Mack announced that the projrctfcd Commonwealth Electric Co., in which he is interested,
would purchase the Keystone Telephone conduits for |3,000,000, an advance of $50,000 over the price offered by Philadelphia Electric, the Telephone Co. to pay a minimum rental of
Fairmoaut Toal & Coke Co.—Defaut —The interest due |100,000 per annum for the right to use the same. Oa Dec.
Dec. 1 on the first mortgage 4 p. o. bonds ($550,000 out1 an ordinance granting the Commonwealth Company an
standing) having been defaulted, holders of said bonds are
electric light and power franchis'i was introduced in the
requested to communicate with F. J. Lisman & Co., 30
City Council. (Compare V. 78, p. 2445).— V. 79, p. 17C6, 1464.
Broad St., Ntiw York, with a view of protecting their interand due Dec. 1,
The bonds are dated Dae. 1, 1889,
Enoxville (Tenn.) Water Co.— Appeal.—See page 2599 of
ests.
lftl9; interest payable June 1 and Dec. 1 at Farmers' Loau &
"State and City Department."— V. 79, p. 2160, 7b7.
Trust Co,, Nhw York, The property is located in ArmLanrentide Paper Co., Llm., Grand Mere.— Pr./', toek Ofstrong County, Pa., being oloee!y allied with the Wel^te^n
of Montreal
receive subscriptions
New York & PencsyJvanis Ry. Co., with which it appears to ferred.theThe Bank business Dec.will at 102}^ for this comolose
f
10
until
have pp.ssed to the Pennsylvanift RR interests, the
issue of $1,200,000 7
c. cumulative preference stock
main oflBce now being at the Pennsylvania offices in Phlk- pany's of $100 each. An p.
advertisement says:
in shares
deiphia, and Robert Smith beicg one of the officers. This is
Capitalization: First mortgage 6 p. o. bonds, due 1920 ($1,200,000,
not the Fairmont Coal Co, which is controlled by tha less redeemed by slnlilng fund, $88,000), $, 112,000; common stock,

—

(

Cocsolidation Coal Co. of Marj^land.

Fall River (Magg.) Aiitomitic Telephone Co.— C^angfe
in Control.— A majority of the company's |135,000 capitnl
stock has been acquired by John T. Stvift and associates, but
not, it is claimed, in the interest of the B^ll Telephone C
The company paid quarterly dividends of 134 P- c. uotil last
June, when local conditions compelled their suspension. Par
of shares |50.
>.

Fifth ATeiine& Eighteenth Street Realty Co., New York.
compiny, incorporated at Albany in
September last wiih $20u,000 author'zed capital stock, hss
filed two mortgages, one at 5 p. c. to the Lawyers' Realty
Co. for $825,000, due Jm. 1, 1907, the other, a secoLd lien, 6
p. c, due the same date, for $210,000, to the Alliance Realty
Co, Ic is proposed to erect a fifteen-story building at the
southwest corner of 18tb Sr. Directors: H.nry Corn, Alfred

— Ifor'A^agre^— This

Luttman and

J. T.

Emery.

$1,600,000; piefereace stock (present isAue) exchangeable at any
time, at option of holder, for common stock at par, $1,200,000. The
proposed isaue will p"y cost of enlargement of company'a paper mills,
for the purpose of converting all of Its sulphite and gronnc! wood
pulps i: to paper and pioftde additional working capital. The enterprise has been prr fltable from the beginning. For the past Ave years
dividends aggregating 37 p. o on the present ordinary stock have
been paid. The enlarged works have been iu operation since let
August, and iheproflts for the flrst three months' working, after i^rovlding for all charges, including ticking fund, and allowing for dividends on the preference stock now offered, have been $36,813, or
about 16 p. c. on the ordinary stock,

The company's name waa changed in Jane, 1903, from
Laurentide Palp Co. to Laurentide Paper Co., upon the extension of its business to include paper-making.
V. 79, p. 630,

—

lehigh Coal & Navigation Co.— Negotiations.— The price
of the company's shares, par value $50, has advanced this
week on large transactions from $100 per share tc |131 50.
Negotiations for the control of the road by the Central RR,
of

Flint (Mich.) Gas Co.— Mortg^g^,— A mortgage has been
made to the Michigan Trust Co of Datrolt, as trastee, to secu re
$!500,OC0 of 5 p, c. 20-year gold bonds, of which $300,000 will
be issued on account of the purchase of the plant, etc., and
$200,0[10 are reserved for extensions and additions.

General Metals Co., Colorado Springs.— Meeting of Cred7.— Judge Kerr, referee in bankruptcy, has ca'led
a meeting of the creditors, to be held at Colorado Springs on
Dec. 7. The referee, it is stated, believes that if there is no
delay, all liabilities can be met.

itors Dec.

The property -wag placed In receiver's hande In September last on the
app'lcatlon of creditors, It having been found Impossible at that time
to obtain sabecripUons for more than a part of Ita $350,000 bonrle,
which were secured by mortgage to the Gaardlan Trust Oo. as trustee.
The company, owning the Tellurlde mill at OoloraJo Sprlags, was Incorporated on Aug. 23, 1903. with an authorlz3d capital stock of
$1,800,000, of which $900,000 In outstanding. Charles E. Finney was
President, John A. Hannan Vice-President, and Henry B. Halgh
Treasurer.

New

prevent
tem,

Jersey are believed to be in progress, possibly to
from falling into the hands of some outside sys-

it

G^eorge H. Earle Jr., President of the Finance Co. of Pennsylvania, who controls a large block of the stock, on Thursday invited the starehoiders to co-operate with him in order
to secure the full value of their holdings. He suggests that
for a period of, say, 30 days from Dc c. 5 they act together,
and that he begiv^n during that pe:iod authority to sell all
the stock so bound together at not less thau $I35 a share. He
says he was prompted to this action by the suggestions of
holders of upwards of 60,0C0 shares of Lehigh Coal «fc Navigation stock.— V. 79, p. 2460, 3160.

Milwaukee Gag Light Co.— Listed.—The New York Stock
Exchange has listed $1,000,000 first mortgage 43 of 1927, sold
in January last on account of the new gas plant, which is
nearing completion. This makes a total of $7,000,000 bonds

listed.
Compare V. 79, p. 631, 215.
National Antomatlc [Self- threading] Needle Co.— BanAeGranby Consolidated MinlDg, Smeltingr & Power Co.—
Nev) President.— Jdcoh Langeloth, President of the American ruptcy.—A petition in bankruptcy was filed against this
company on Monday by employees and others holding claims
Metal Co., has been elected President.

Description.— Qie article on page 4 of "Iron
Djc. l.-V. 79, p. 1644.

Age"

for

Great Lakes Coal Co. of Pittsburgh.— Jforfgage— This
company has made a mortgage to the Commonwealth Trust
Co. of Pittsburgh, as trustee, to secure not exceeding |2,50'J,000 of 40-year 5 p, c gold bonds. The tru'tee, it is understood, has agreed to handle the first issue of |l, 500,000. but
has not yet arranged to off .r the same in the market. Com-

pare V.

79, p. 1149.

Great Lsikes Tomrlngr Co., iUyelanfi,- Dividends Resumed.
—The directors have declared a dividend of 1% p. c. on th'
preferred slock, payable Jan. 2 on stock of record Dec. 13.
is the first dividend since May, 1903.
The preferred
stock is a 7 p. c. non-cumulative stcck; amount author'z 'd
$2 500,000; outstanding unofficially reported as |1,953,850.—

This

V. 73,

p. 187.

for salaries, etc.

The company was Incorporated in New York State late In 1901 with
$200,000 authorfzad capital stock, which was afterwards Increased
to $1,000,000; par value of shares $10. Manufacturing operations were
at one time carried on In Sprlngflelfi, Mass. One of the claimants in the
aforepald bankruptcy suit holds an assigned claim for $330 of a former Treasurer of the company and a note secured by P,oo0 shares of
stock of the company and 1,' 00 gross of needles In process of manufacture at Alcester, England, "but he says the collateral security la
worthless."

Nebraska Lighting Co., Plattsmonth, Neb.— iSeorgant^ed
—TqIs c:)mpany has been organized in Nebraska
with $100,000 capi'al stock, and has acquired by deed the
property of the bankrupt Plattsmouth Gas & E ectric Light
Co. (V. 74, p, 530). Charlfs C. Parmele is President.
Comp'iTj?/.

New York Transportation Co.— iVei» Preside .^— Director
Worsam Meade, the son of Admiral M-^ade, and for

Richard

fifteen years past in the railway and transportation bupinees,
ladiauBpolls Gag Co.— City Orders Reduction in Price of will on Jitn. 1, 1904, become President, succeeding Henry
Fuel Gcis
Mayor Holtzman has signed the ordinance Sanderson, who enters the Wall street fism of Edy, Brown
passed by the City Council on Nov. 21 fixing the price of ar- & Sanderson. Mr. Sanderson continues a director.
On
tificial gas used for fuel purposes at 50 cents a thousand cubic
Wednesday, when acknowledging a testimonial from the exfeet.
This action does not affect the rate of 90 cents which ecutive staff and employees, he said:
the Indianapolis Qas Co, U permitted to charge for illuminFive years »go the c!>mpany's total station capacity was 72,000
ating gas under its prfssnt franchise. Qeueral Manager rqiiare feet, ana the vehicles in the course of aye.ir covered 350,000

—

To day the combined

areaof the company's four stations

Petirson eaye:

miles.

This measure regulates the price of fuel gas. W^ do not sell fuel gas.
Wb sell lUumlnatibg gas and have a franuhUe to do so. The gas company does not care wh»t any one UHes the eas for after one gets It.
Oar business is con&nrd co Illuminating gas.- V. 78, p. 2445.

aggregates 222,000 sqiare feet— over five acres and these stations
contain over 500 vehiolep, which in the course of a year covered
nearly 2,000,000 milt- s.— V. 79, p. 155.

International Salt Co.—CxUed Bond*. —Twenty bonds
issued in 1892 by the Kansas Salt Co. (Hatchinson Kansap
Salt Co ) have been called, and will be paid at 102 and ioterest at the Merchants' Trust Co., 346 Broadway, N. Y,, Jar.
1, i905.-V, 78, p. 2014,
Jefferson City (Mo) Light Heat & Power Co.— Sate,—
press dispatch from Jefferson City, Mj., recently announced
the sale of this company to a Chicago syndicate headud ty
W. N, Hjrner for a sum stated as 180,000. The ci^p^talizatlon at last accounts was $10 ),000 each of stock and bonds.
Keystone Teiephooe Co , Phllv,(lf]ph\ a.— Refusal to Sell
Conduits to Philadelphia Electric Co.— Proposed Independent Lighting f roject - It was announced on Tuesday that the
proporiiticn of the Philadelphia Electric Co. to purchase the

The company

Nhigara Lockport

Jt

floor

Ontario Power Co.— New Stock.—

ha- filed a certificate of Increase of stock from
|1 000 to $10,000,000, of which $5,000,000 is common and
$5 000,000 8 p. c. non cumulative preferred stock. Rumors

are current that control has been acquired by the Vanderbilts, who will use the electricity from the proposed power
plant to operate their electric railways in the Western part
of the State. -V. 79, p. 7cl7, 155.

Pbiludelphiu Electric Co.— Purcha.'ie Reported Of -OppoCompaiy I'mpoted. See Keystone Telephone Co.

—

sition

above— V,

79, p. 1706.

Plattsmonth (Neb.) Gas & Electric Light Co.— See
Nebraska L'ghting Co. above,— V, 74, p. 530.
Seattle-Tacoma Power Co.— New Name— Nero Stock and
Bonds.— The Snoqnalmle Falls & White River Power Co.

.

:

THE CHRONICLE.

•259>

(V. 75, p. 1C43) on O^t. 22 filed amende'l arttcleaof Incorporation, chargirg its name to the Seat tie- Taooma Power On.,
and increaeiEg its oapUal fltt ck from |3,00(».000 tof3 510,000:
par of sbwres JlflO. N. W. H-trrls
Co. are to h>ive the
voting power on the etoik for live years In consideration of
have been favored with the
a loan to the company.

[Vol.. LJtiii.

®0mmjerx:iiil "Exmts.

3Ukje

COMMERCIAL EPITOME

&

Friday Night, December 3, 1904.
good volume of business is being transacted in many
lines of merchandise, the near approach of the holiday seat-on
at d the close of the calendar year exerting comparatively
little ii flcence.
The reports from the iron and steel trades
have continued eppecially encouraging, steady buying for
Falls, which will be completed by April ist.
both current and future requiri^ments being experiecced,
Thelrdivtdaals who (wn a miijarity of th>^ stock of the Seattle Taooma
Power Co also own iind control thii stock of ihe White River Power with pr'ces ter ding towards a higher basis. In the speculative markets the teature has been a sharp break in cotton
Co., which le a propertv In course of flevelopiuerit, and which will
produce about C6 000 H. P. Thin latter-naraea company, howeyer, values, baeed on a growing belief hat the yield of the present
will be maintained as an entirely distinct and separate company.
crop will be in excess of all previous records.
DIBECTOBB OF THB SIATTLE TACOMA POWER CO.
Dec. 1,
Xov. 1,
Det. 1,
President, N. H.LaMm-r, MauaKer of Dexter Dorton & Co., BaDkers, Seattle,
Btoeks of XarthandUe.

We

following
The Seattle Tacoma Power Go. has acquired all of the propftrtles
heretofore owned nod controlled by tbe Snoqualmle Falls A White
Btver Power Co., Seattle Oataraot Co. and the Taooma Catar»<-t Co
The new o mpany has an aaihnrlzed bond lisae of S^.tCOO
Sufficient oapl'al has hnen paid In to plaoe tbe company on a ca'h
basis and to Hdd P.ooo H.P additional to its capacity at Bncqaalule

A

i

1904.

1904.

5,302
3,150
8,10^.225

Java. Ao....

hhdp
bag»
mat»

6,423
2,029
3.187,983
141,686

117.eti8

126,067

Oottee, otlier...
lagar... ...... ......

bag».

44.^,849

4^4,980
None.

S43.1<i3

hh&k

and

identified wii b other lurtie iui erpviR.
First Vl<e President, R. C. Neufelder, President Peorles' Savings Bank,
Seattle, also PrenioeMt and owner of Sea't'e Transfer Co.. etc
Second Vice Pri sident, George nrowne, Secretary of Fidelity Trust Co. of
Taooma and head of Sr. Paul & Tacotua Lumber Co.

Robert M<Tau, Se-ttile, bead of Mnrao Hblubuildlne Co,
B. H Denr?. head of A A. Uenuy Esute ana Vice Preeident. of Dexter
Horton & Co.. BnnSer«, Seattle, aUo Vice-President of Peoples' Savings Bank,
Seattle, and head ot Wai-hmBton Irrigation Co.. ere.
W. K. Runt, .Mnnager ot Tacoma Smelting A KeUnlng Co., Tacoma.
Bdmund Bowdeu, Seattle, Financial Agent for a number of estate and
loaning com names
Frederick B usman head of law firm of Bausmaa, Eelleher & Emery, and
renreientinK W. T Baker ISstate. Cnli ago.
Lester Turner, President of Firot NaliOEal Bank, Seattle.
T. B. Hirding, Seattle, ia Secretary.- V. 75, p. 1043.

SncqnalmlA Falls Ik White River Power Co.— Change of
Name— New Stock— Bonds,- Ste Seattle-Tacoma Power Co.
above.

& Rock

Island

United Botton Co.— Trusteein Bankruptcy.— At a meeUng
of the rr^ditors at Wilmington, Del., this week the Sf-curity
Safe D-^posit Co. of that city w%9 selected as trustee
Trust
in banki uptcy, the selection bping confirmed by the United
States Court.— V. 79, p. 906, 685.

&

—The New York

Stock Exchange house of Mathews.
Co. commerced businpss this week at 71
The firm is composed of Wilbur K. Math>-W8,
formerly eenlcr m'-mber of Mathews
Co., 40 Wall Stree!;
E H. Hon eh of )ugh Rowland, recently dissolvei, and
Willis S. McCorLicb, eon of W. S. McCornick, batker, of
Salt Labe City. The concern has offices on the street floor
of the Empire Building, with a private exit on Broadway

&

McCornick
Broadway.

H

side.

BraBU

—

.

..

<UKar

...baf:B,

hhdn

BColaBseR, foreign.,

No.

tildes.... ........

Jotton
8o8ln... ...... ......

in

&

&

&c

....bale?

..

bble

None.
None.
None.

1903.

6..'

None.
165,269
None.
6.700
67,399
22,246

2«<,46l

92.790
19,857
1,560

None.
11,500
77,1V4
19,C8^
761

12..'>00

Spirits tnrpeB tine..

bbls.

Tai.. .......... .....
tSio«, £. I

bblB

869
1,000
10,000
None.

l,'o41

654

bags

l,0t0
11,500
None.
1,578

bblp

EUoe, dom«atlo
Unseed.... ........

bag*
bagu

.... ...
dfanlla hemp.... ..
•^isal

bales.
bale*.

hemp

Jate butts
Flour

bales

bblB.andsaokp

250

1,776
1.5C0
12,000

None.
65
3,790

8,439

None.
None.
138,&00

51

6,000
2,047,^-30

593
None.
94,100

4.236
None.
79,200

Lard on the spot has bad a moderate sale, but prices have
been easier, due to large receipts of hogs. The close of the
market was steadier a^ 7*80c. for prime Western and 6*75c.
tor prime City. Refined laid has been easier in sympathy
with the dec'ine in values for the raw product, doting at
Specula»ion in lard fcr
7'35c. for refined for the Continent.
future delivery has been moderately active. Prices have bf en
eader, and at the decline packers and shorts have been good
buyers. The close was steadier.
OAILT 0£.CHrai9 PEIOBB OT LA3D TUTUBIE IM OmOlOO.
fht^.rt
Wed
tri.
Tvet
MoH
Sai
6-92i«
702i«
6-90
6-95
6 92i«
6 95
Dec.del'T
7-00
7-00
7 05;i«
e97>a 700
7 10
Jan.dery
717i«
7-22i3
7-17is
7-15
7-27>«
720
M»y.iel'y

Pork has been in slightly better demand and prices have
Mathews & Co. opened for business th^s been advaic^d, closing at |l3 25@13 75 for mefs. Cut-meats
the Hanover Bank Building, 5 Nassau Street.
The have had a fairly good sale and at a full b^sis of values.

—Messrs.

Lez'^lle,

co-partnerphip coneiets of H. W. Lszelle, for many years
with the National Bank of North America, E. Roecoe Maih
ewe, member of the Npw York Stock Exchange and lately
of Mathews & Co., 40 Wall Street, and Austen Gray, the son
of J. Clinton Gray, Judge of the Court of Appeals.
The
new firm will do a general banking and brokerage business.

—A new

banking and bond house— Howard, Simmons

&

Co.— has

jast been organized in Chicago, with offiijes in the
new Firpt National Bsuk Building. The parti ers are Mr.
Arthur W. Howard, who for three and a-half years whs a
member of the firm of Devitt. Tremble Co., and Mr. Rupsell
Simmons, who for nearlv three years was a succeestul
salesman for tbe same house. The specialties of the new firm
will be municipal and public service corporation bonds.
—The firm of Alexander
Thomas was dissolved on
Wednesday last, 30th nit., and its badness takeo over by
their successors, Alexander, Thomas & Diviesi, on Dec Ist..
F. B. Alexander, Frederick M. Davies and Jamf^s P. Thomas

&

M

&

comprise the new firm, Mr. Thomas being tbe Board member.
The address remains at 80 Pine St. A general banking and
brokerage business will be conducted, dealings in investment securities to be a feature.
— Messrs. Elsele & King, bankers and brokers of Newark,
N. J., will mi ve during January to the corner bulldir g at
Broad and Bank streets. These quarters are temporarily
occupied by the Mf-rchanis' National Bank, while tb*> latter's
new building at 770 Broad Strtet is being erected. Ei-ele &
King's new location at Broad and Bink is oppoaite the imposing home office of the Prudential Life Insurance Compar-y.
—Messrs. Charles L. Eley, Herbert Pomeroy Brown,
(Member New Yorb S ock Exchange) atd Henry Sanderson
of this city announced this week tbat they hid formed a copartnership under the firm name of Edey, Brown & Sanderson. The new concern has offices at 2 Wall Street and will
transact a general bat king and commission business in stocks

and bonds.

—Messrs.

William P. Bonbright & Co. have removed their
from 15 Wall Street to the Blair Bnildiop,
24 Broad Street. The firm has been a mi?mher of »he New
York Stock Exchange for two years. Its Colorado S*>Ting8
office is etill m>iintained and is under the management of Mr.

New York

offices

Irving Bonbiight.

—

&

The December circular of Brown Brc s
Co. give3 valuable data concerning a number of bond iesues which the
house

Jottee,
V>ffee,

tc*

Saltpetre

Sonth rhicago Elevator Co.- -See Chicago
Elevator Co. above.

week

Lard
Fobaooo, domeatlo

is off ei log.

Tallow has been in light snpply and firm, closing at 4%o.
Cotton-seed oil has been freeiy offered and prices have aecHned, closing at 26j-^@26c. for prime yellow. Butter has
been fairly active and higher for choice grades. Cheese has
contiLued to advance, closing firm. Fresh eggs have held
steady for choice grades.
Brazil grades ot coffee have been in moderate demand, and
as there has been no pressure to market supplies, prices have
held steady, closing at 8i^@8%c. for Rio No. 7 and 8^o. for
Santos No. 4. West Icdia giowths have been in active demind l^and prices have been firm, dosing at 9J^c. for good
Cucuta and lie. for good average Bogota. S^jeculation in
the market for contracts has been moderately active, there
b^ing some investment buying. The close was easier under
foil estimated receipts fcr D-'cember.
The following are the closing asked prices:
7'S5e. Aug
7*60e.
6 800. May. ...«.«,.
Dec
7*65c.
6 9 ''c. June
7*40o. Bept
Jan
7*70o.
7'60o. Oct
March
~. 7-l6o. iJuly
Raw sugars had a large sale early in the week, but the
close was quiet at 4^c. for centrifugals, 96-deg. test, and
4I4C for muBOOvado. 89-deg. test. Rtficed has been quiet
and unchanged at 5'35c. for granulated.
Kentucky tobacco has been in active demand in both the
A large busilocal atd Western markets and at firm prices.
ness has b en reported transacted in seed-leaf tobacco, some
good sales of 1902 and 191 3 crop Qebhart being reported, and
there bas bi en fair trading in 1903 crop Pennsylvania broadleaf.
Samatra tobacco hiiS been in fair demand and firm.
Havana tobacco has had a good sale and at full values.
Prices for Straits' tin have advanced, but, the close was
quieter
quiet and easier, with quotations at 29'35@29'60o.
market was reported for copper, but prices held about sieady,
Lead has been firm, closing
at 14 87i,^@i5'123^c. for Lake.
at 4 -80® 4 70c. Spelter has been firmer, closing at 5 75@
Pig iron has been in fairly acLive demand and firm,
5*87J^''.
closing at 116 75 for No. 2 Northern and |16 75@17 25 fcr
No. 2 Southern.
R fioed petroleum for export has continued in fair demand and firm, ci' sing at 7 95o. in bbls., 10'65o. in oases and
N'lphtha has been steady at ll^c. for 71
5-65c. In balk.
d-trees and 12c. for 76 degrees. Credit balances have been
firm, cloeing atl-eOc. Spirits turpentiu" has declined sharply,
closing at 50c. for machine bbl?. Rosins have been quiet
and ea(<ier at |2 9-21^(^2 95 for common and good strained.
Wool bas been in moderate demand and firm. Hops have
been quiet end slightly easier.
1

A

1

.

Dec.

THE CHRONICLE.

3, 1904.J

COTTON.
Fbidat Night, December

3,

1904,

The Movement of the Crop

as Indicated by our telegrams
from the South to-night is given below. For the week ending
this evening the total receipts have reached 377,484 bales,
against 369,909 bales last week and 384,794 bales the previous
week, making the total reoe^ptn since the 1st of Sept., 1904,
4,687,762 bales, against 4,024,019 bales for the same period of
1908, showing an increase since Sent. 1, 1904, of 563,743 bales.
Beeeiptt

at-

In.

Thurs.

Jdon,

Sat.

.

.

Total.

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.

We

ON SraPBOARD, NOT CLEARED FOB—
Dec. 2

Leaving

at—

Oreat
Other CoastBritain Fr'nee ^^*^y. For'gn wise.

New Orleans.
Galveston.. ..

14,894 14,942 31,147 12,755 8,220 13,678 95,536
4,043
6,229
2,186
Pt.Axtlmr,&o
BTew Orleans.. 18,295 17,167 22.017 30.169 6.146 18,395 111.189
2,71S
898 17,196
2,388 4,093 3,641 3,483
MobUe
100
1,238
967
181
Pensacola, &e
19,427 8,371 10,880 8,928 11/197 9,957 69,060
Savannah
4,797
8,524 13.821
Brunsw'k, &«
1,113 1,369 2,407
8,411
1,337 1,087
1,098
Oharleaton
26
108
82
Pt. Royal, &o.
1,211 2,030 3,068 13,360
2,677 1,776 2,598
Wilmington....
Wash'ton,&o.
7,419 7,863 5,616 4,953 2,279 5,038 33,068
Norfolk
248
354
106
N'p't News, Ac.
150
100
50
New York.
419
4,987
325 1,264
968 1,538
473
Boston
2,630
2,346
284
Baltimore
313
647
244
35
55
PhUadelp'a, &c

—

18,833 13,754 27,817 11.128 1,544
63.461 4,330 13.097 8,471 3,994
8,780
25,300
4,500
6,127 9",oo6 i',800
2,6o6
3,000
16,000
i'obo
500 2'obo 1,000
6.000
3,000

stock.
Total.

73,07fi
93.3' 3

3l,08O
4,500
18,927
19.000
7,600
8,000

317,837
104,587
101,713
30.300
4S.285
13,437
83,351
27.666

Total 1904.. 106,201 30,584 73,014 25,099 33,538 258,436

727.046

Total 1903.. 92,065 33,361 119.341 31,710'22,229'298,706
Total 1902.. 133.002 27,861 42,371 44.848 114,990 263,062

689.062
817,342

Savannah

Galveston....

2593

Oharleston...

MobUe
Norfolk
York....
Other ports .

New

Speculation in cotton for future delivery has been active
but at a sharp break in prices, they showing a decline for
the week of close to %o. per pound for the active deliveries.
The weakness of the market has been due to a growing beThe complete returns of the ginners'
lief in a large crop.
report showed that to Nov. 14 there had been 9,788,646 commercial bales ginned, against 6,810,771 bales for the same
Several private estimates from wellperiod last year.
informed interests, placing the yield of the crop at about
12,000,000 bales, were announced during the week. The
Tot this week. 87,2581 66.3671 79,392l 70,371 34,762 69,334 377,484 estimate of the Agricultural Bureau will be made public on
The following shows the week's total receipts, the total sincf Saturday, and the trade is on the qai vive as to what it will
show. It is understood that the more conservative members
Septc 1, 1904, and the stocks to-night, compared with last year.
of the trade are looking for an estimate of about 11,800,000
Stock.
1903.
1904.
ba'es, but the trade generally is believed to be expecting an
Beeeiptt to
estimate of about 11, 600, OUO to 11,700.000 bales. Toe large
Thu Since Sep. Thu Since Sep. 1904.
1903.
Dee. 2
crop ideas now current have had the effect to discourage the
week.
1, 1903.
week.
1, 1904.
bull interest in the market, and there has been heavy selling
197,940 269,243 for the account of speculative holders of cotton to liquidate
Galveston... 95,536 1,415,570 144.136 1,435,202
9,006
42,744
..oco..
64,885
Pt. At., &o.
6,229
their accounts. There also has been considerable selling by
New Orleans 111.189 1,058,506 101,474 934,355 390.913 289,950 the South as hedges against cotton. Sauthern markets have
67,192
49,677 declined sharply, and planters who have been holding cotton
17,196 157,250 13,035 130,476
MobUe
59,804
57,152
6,363
P'saoola, &o.
1,238
have been freer sellers. At the lower prices business in
Savannah... 69.060 972,952 47,652 716.664 135.793 112,645 actual cotton has been active, both domestic spinners and
10,047
13,024 exporters being good buyers. To-day the market opened
76,728
92,668
Br'wlok, Ao. 13,321
8,056
34,800
147.208
8,7€0 steadier, with shorts buyers to cover contracts, but during
5,018 121,702
8,411
Charleston..
the day prices turned weaker. The close of the market was
404
826
108
60
P. Royal. «kc.
Cot13,268
10,278 steadier, with prices 3jto 6 points higher for the day.
Wilmington. 13,360 236.750 12,622 246,710
ton on the spot hasj^decllned, closing at 9c, for middling
291
122
15
Wash'n, &e.
33,068

N'portN.,&c

New YorkBoston
Baltimore.
Phlladel.&o.
Totals

353,300

17.969

254,675

3,615
5,000
13,686
9,536
2,508

692

3,052
1,872
4,741
5,142
2,788

32,437
393
90,851
1.971
6.411
4,466

22,606

364
150

377,4844,587,762 369,148 4,024,019

Norfolk

985.482

887,758

4,987
2,630

647

31
1,284
1,023

713

463
67.177
34,000
8,445
1,590

In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons,
Receiptt

cU—

Oalves'n, &o.

New

Orleans
Mobile
Bavannah...
Ohas'ton, Ae.

Wllm'ton &0
Norfolk

1903.

1904.

1901.

1902.

1900.

1899.

91,126
99,147
7,852
40,510
6,117
12,334
20,105

75,467
66,038
9.C90
39.800
7,210
14,888
14,421

101,763
111,189
17,196
69.060
8,519
13,360
33,068

163,142
101,474
13,035
47,652
5,078
12,637
17,969

63,306
121,664
10,470
50.423
9,310
13,751
20,554

82,068
96,917
9,036
49,314
14,784
11,641
21,289

N. News, Ac.
All others...

364

692

822

941

1,728

1,507

23,973

17,469

24.13a

36,885

28,865

21,103

wk.

377.484

369,148

314,461

322,905 306,281

249.524

Tot. this

uplands.

The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
Good Middling Tinged o. Even
0. 1'30 on
. .

0-96 on Strict MlddllBg Tinged.... 0-06 off
Middling Fair
0*62 on Middling Tinged
Good Middling
012 off
Good Middling
i.... 0'44 on Strict Low Mid. Tinged ... 0-34 off
0-14 off Low Middling Tinged
0-60 off
Strlol Low Middling
Low Middling
0-38 off Strict Good Ord. Tinged ..
84 off
0-60 off
Strict Good Ordinary
072 off Middling Stained
1-00 off Strict Low Mid. Stained... 1 06 oft
Good Ordinary.
1-50 off
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
On this basis the official prices for a few of the grades for
the past week Nov. 26 to Dec. 2— would be as follows.
Strict

—

UPLANDS.

Sat.

Good Ordinary

870

.«.

Low Middling

9-32

Middling Fair

8-95

Low Middling'.
."

957
995

Middling

Middling Fair"

Sxport*

from—

Great
Brit'n.

QalTeston....
34.20?
Pt-Arthur, Mc.

Ftance
9.951

1904.

From

1,

1004.

Oreat
Conti- lotal
tranct
Week. Britain.
nent.
53.614, 97,702

631,H«8; 157.610

NawOrleaui.. 80,100 22,116 S1,B40 71,886

38!),523, 121.160

Mobile
Panuoola, &c.
36.907

SaTannali..

Brviiwlok

....

29.010

66.3i)7

11,66B

e.en

lf,6l4

8,9 j6

33.926

Nortolk
N'port N., &0..

1.660

8.323

lO.tSOl

10,7£6

Boaton

1.000

1,707

8.176

3alUmora

4.301

Philadelphia..
8an Fran., Ac.

Total

400

119

8,29

10.011

400

Total, IW03.... I«H.19M

190.664

61,610
643.61M
60.070
60.160

35.2123

lS0,8Sfl

6'^0,3t4

6,016
36.162

04,256

116,18)-

8TAIKED.
MMdllng

131.298

lO.CSi

82.980

02,266
42,652
17.122

6.013

227,369
67.279

S.BEO

UfiOS

60,705

Good Middling Tinged

4)10

17.691

3 .8H1

37.891

1.198.670 a 861 .894

8-95
9-57

876
9 37

917

9 95

9 75

9-44
9-96

955

986
9-70

9 44
9-S6

8-26
8-87

8-26
8-87

9-26

8-55

9-25

9-69
9 H9
10-21 10-21

Mon Tnes Wed

Tb.

Frl.

800

7-50
8 60
8-66
9-00

7 50

8-20
9-20
9-38

970

9-00
9-16
9-60

7-80
8-80

896
930

850
8 66
9 CO

The quotations for middling upland at New York
Dec. 2 for each of the past 32 years have been as follows.
1904. ...0. 9-00
lV-95
1903
1H02
8-55

1896... .0. 711 16

1895
1894
«00 1893
IOI4
1892
1891
7h
5Br
1890
BiSie 1889

1901
1900
1899
1898
1897

^Htorday
.Monday
rnoRday

.

1888. ...0. e's

IOBb
1887
1886
93iB
1885
97je
1884
10»s
lOOia
1883
1882
lo'ie
1881
IC*
12>e
MARKET AND SALES.

Spot Market
Olosbd.

8»ie
5»»ia
81,8
9»8
8li»
97j8

Futures

Mabkkt

Olosbd.

Qatet

B^lday
Total.

1880. ...0.12

1979
1878
1877
1876
1875
1874
1873

Bales of Spot
Con-

on

\i**
9>4
115,a
121,6
I3I16

14\
le's

& Oontbaot.

Sptcu-

tiimp. latiOH,

B'rly steady,

tract.

^^^

Vrry steady.

VilUfll

do B-rly steady.
Wednesday Quiet, 20 pts. do -'icady
Tharsday.. wniet.^Opts. do Steady
. .

Sftfl

Tinged...

10.8

81.829 114.083 321.834 1,610.883 862 100 1.282.631 8,221 763
("0.040 llv.t-3i3S3.870 l.9ai.M0-< 411

8-20
9-20

,

Low MlddUng

11,077

600

Sat.

Low Middling

219.889

5,777

8 00
8-62

8 62

10-39 10-39 10 19
9 99
1091 10-91 ;0-71 10-51

.Sd,46J

3.662

10.82l| io.»«ai

116.508

280.58-; l,09;j.063

8.300

101,089

1,660

038

Total.

19.66D

0,fltO

N«w York

1004

22.362

3,086

WUmlnRton... t3.Qaa

8,

0.8U

67.310

CharlMton....
PortBoyal....

Oontin«nt.

88,806

18,7141

87.217
21,683
164.765

U

Dec .
Exported to—

Sept.

Fri.

00

Th. Frl.

Good Ordinary
Good Middling

Week Ending Dee. 2,
Bxvorted to—

8

mon Tnes Wed

Sat.

Strict

912

8-30
8-92

900 9 00

GULP.

The exports for the week ending this evening reach a total
of 824,854 bales, of which 146,502 were to Great Britain, 34,329
to France and 144,023 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1904.

8-60
9-=>0

Good Mrddllng

Binoe Sept. 1 4687,762'4024,Ol9'3878,624|3709,945 3675,040 3296.376

870
932

9-30
9-70 9 70
lol4 10 14 9-94 »-74
1066 1066 1046 10 26

."

ICiddUng

Men Tnes Wed Tb.

.jnlM, SOpts.

Qolet

-,.

t^ieady

100
100

100

100
ioo
100
13.S00 13,218
4,100 4,100

100 17.600 17.618

«

.

THE CHRONICLE.

2594
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W W M PIX^• to W M wj-* to;^ * p © OS* 00 w

1

608.000 293.000 376.000 473.000
29.000
19 000
Continental atooBs.....^ ....,_ 393.000 317.000 249,000 268.000
841.000 983,000 620.000 840 000
Amerlean afloat tor Barope.
985.482 887.768 1.060.404 872.362
United Statea atook
United Statealnterlor atooka. 766.146 504.406 675.169 665.730
85.2X6
53 405
26.652
25.288
united Stateaezporta to-day .
l:otalAmenoan........
8.637,916 3.049,400 2,926,426 3.172.497
Mait Indian, Braiil, 40.—
76.000
86.000
57,000
64.000
Liverpool atook..^.^ .........
9.000
15.000
7.000
7,000
London atook
6,000
3.000
Manotaeater atoek
37.000
22.000
36,000
66 000
Oonuuencai SKOOBB.... .......
89,000
26,000
11.000
13.000
India afloat tor Bnrojpe
51.000
51.000
87.000
63,000
gypt.Braall.Ae., afloat
~
Wool Is Alexandria. Egypt... 166.000 174 000 163,000 186,000
Ik
216,000 116.000 160 000 106,00(1
Bteok In Bombay. India...
593 000 503.000 5ii5.000 472.000
Cotal JSast India. *e.
8,637,916 3,049.400 2,929.428 3,172.497
Total American.......
Total vlalble sop i>iy
4,130.916 3,662.400 3,45 1.4!i5 3.644.497
A^td
4-48d.
648d.
4-77d
niddllng Cpland, Llv6rT>ooi.
8-500.
12-660.
f=6,go.
Middling Upland, N«iv York..
9e.
6i5,«d.
85,6d.
SiBied.
Bgypt 6oo(l Brown, Uverpooi
7'i6d.
7d
9 50d.
7d.
Parnv. Bocgh Qood,Ltvnri&oo' 10'66d.
4»33d.
4%d.
Btoacb rine, Liverpool
61irjd
61, ed.
Li^wrprto ...
42633(1.
4sd.
riDB»'«illv Good.
6i6ied.
6Siad.
Continental imports past week have been 14 1,000 bales.
The above figures for 1904 ehow an increase over last week
of 219,151 bales,
gain oJ 678,516 bales over 1903 an exces- of
678>491 bales over 1902 and a gain of 486,419 bales over 1901.

itk'o'cc

i*k^-aow«JOif'toa)(X)aocDoooDwa>owooaoocoMWWp-Mi(^Maoii^l

9

1901.
548.00C
7,000

to

1^

p-'o CO mVi 10 oiVo'to

1

'

CDO;-1N)<>'WODW>50D©W
o^i«^a5©<ii»'ccoi'ouw

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The above totals show that the interior stocks have inereasea during the week 48.587 bales, and are to-night 261,740
bales more than same period last year. The receipts at all the
towns have been 4,719 bales mvre than same week last year.

Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Dtc. 2 and since Sept. 1 in the last two years are as follows.

We

1903.

1904.

December

2.

Wuk.

*

Shipped—
Via St. Louis

Week.

Since
Sept. 1.

2.081
9.423

2,84 ^
1,171
9,974

64.643

372,825

62,489

294,110

8,414

30,730
2.730
11,810

3,051
6,244
1,796

14.548
9,463
14,761

Total ^088 overland..........
Deduct shipments—
Overland to N. Y.. Boston, Ac.

4.504
4.

22

towns

632

Inland, &c.. from South

2,610

Total to be deducted......

1.

110,493
95,076
3,226
16,45«
8.636
60.223

Via Oinclnnatl.
Via other roates, &o.... ........

interior

Sept

29.089
18,946

13.9 72

Between

Since

147.632
109,3 5
15.965
24,945
14.762
60.126

20,441

Via Cairo
Via Rook Island.................
Via Louisville...................

460

*

....

11,556

45,270

11,090

38,767

Leaving total net overland"..

idverpool atoek....... ..balae

>•

*3

^ O

Am«r%»uH—

^~

1

;rSB

!BO!J5g

Stock at Liivarpool
.balea. 562.000
379,000 433,000
Stock at Lon<i OB. ._....„.„„
16.000
9.000
7.000
Stock at Manoheater. ... ._...
22,000
34.000
Total Great Britain atock. 699,000 422,000 440.000 665,000
Stock at tiauiouig._M..^..^
12.000
6 000
13.000
24 000
Stock at Bremen .._ .......... 233,000 153.000 117.000 126,000
5,000
Stock at A,ntwerp ....... ....^
4 000
6.000
3.000
Stock at Havre.... ............ 142 000 121.000
72.000 107.000
Stock at MarBellleB.......^„..
2.000
3.000
3.000
2.000
Stock at Barcelona............
11.000
31.000
42.000
26.000
Stock at Genoa.... ..
25.000
36.000
28,000
24,000
...
Stock at ^TiABto.....^ ..
2.000
2,000
6.000
2,000
271.000 804,0(10
Total Continental atocks..^ 468,000 354 000
Total European atooka
1.057.000 776.000 711.000 859.000
39.000
11,000
India cotton •BuatXut tturope
26.000
13.000
Amer. cotton «float tor B'rope. 841,000 933.000 620.000 840.000
Egypt, Brazll.*e., aflt.Ior E'pe
51.000
87.000
61.000
63,000
Stock in Alexandria. Egypt ... 165 .000 174,000 163,000 186.000
Stock In Bombay, India...... 215.000 115,000 lis 0.000 loe.ooo
Stock In United cltatea porta.. 985.482 887.758 1.080.404 872.362
Stock In 0. 8. luteriortowne. 766.146 504.406 675.169 665.730
85.236
26.662
53.406
United States <zportato-<1ay.
25.286
Total visible anpply
4,180.916 3,652,400 3.461.426 S.644.497
Of tlie above, toiala ol Amerioan ana otker descriptions are as loUowa:
atook........

8c

oSoB

"1

cable and telegrapb, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and coaeeqneatly all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Dec. 2), we add the item of exports from the United States,
including in it the exports of Friday only.

lanoneater

O »O 2;

9

05W

tOM

wo

1

1904.

.

coco

W<l

1

1

jc

a,

Q
O
<

^1

CO

1

I

-I

w
*
CO
CO
CO
CO
*
<"
*?
*?
•4
00
OD
o
M
W
a
w
w
CO
00
w 's
§
The Visiblb Supply of Cotton to-night, as made up by
1

I

tB (s

S"^

*?!

1

1,

o>'-iVi"cc

ODOO

£

00 00
00 30

1

0>0i
CO'M

''I

a

•>

o>o

1

WW
wo

COM
9

1

9

9

00 00

1

1

9

t

WW

^

CDO

coco
ccco

coco

ODOO

ocw

coco

»9»
ceo

coco

coco

-a

coco

coco

1

COCO

9

9

MM ©6 S2
OM WO

MX'
WO

*

9

MM
«W
9

w

|F»
1

CO

coco
kO^^

-JM

coco
1
>

00 00

,

1

®
WW *>
w

coca

WO)

9

00 00

9

1

9

1

aoo
woo
A

1

1

1

9

00 DO

oo

1

5'

ODOO

on 00
00

1

1

1

1

OM

.

WW :!i
MM M

CD.

1

CD

00 to

1

t

1

c^w

WW

«

~3^

1

ooy>
1

coco

coco

000

00 00

1

1

9

1

cow

coco

-JQO

1

W-J
coo

•

CO,
I9>

CD,

WW W

COCO

O)

9

<Dce

Mi ii'ii'

!i

coco

«ROt>

#>o

ex

9

coco

9

* *
~i
a'
w

00

1

I--

ccco

9

coco

1

il

CO,

1

1

9

coco
•ooo

aw
OOO!

CO

Si

1

coco

JW0D«;<J!^^OQ

goo
il

9

>

an
00 <0
ow

1

coco

9

9

1

!

il

il

since Sept.

—

'

if 'ii?i!

movement— that

the

is the
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1903 is set out in detail below.

receipts for the

5

5

[Vol. lxxix.

43,087

827,666

51.399

255.343

Including

movement by rail to Canada

The foregoing shows that the week's net overland movement
this year has been 43,087 bales, against 51,899 bales for the
week in 1903, and that for the season to date the aggregate net

overland exhibits an increase over a year ago of

72, 212 bales.

1908.

1904.

In Sight and Bpiniur^
Takings.

Week.

Receipts at ports to Deo. 2
Net overland to Deo. 2.
Southern oonsiuuptlon Deo.

Total marketed.

2....

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

Interior stocks In excess....

Since
Sept. 1.

Week.

Since
Sept. 1.

377.484 4.587,762 369,148 4,024.019
43,087 327,555 51,399 255.348
43,000 528.0UO 42,000 837.000
463,571 5.443.317 462.547 4,816.362
5,904 492,804
48.587 703.886

468.451
Came Into sight during week. 512,168
6.369,1*66
6,147,20'3
Total In sight Deo. 2
North, spinners' tak'gs to Deo.

Movement
Week—
1902-Deo. 5
1901-Deo. 6
1900- Deo. 7

1899-Deo. 8

2..

69.238

800,766

89.758

686.25&

into sight in previous years.

1—

Bales.

Since Sept.

391,626
447,160
442,882
373.171

1902- Deo. 5
1?01— Dec 6

1800— Deo. 7
1899— Dec 8

BaUe.
5,369,286
5,137.666
6,264,480
4,880,868

.

Dec.

—

CL08IN0 QUOTATIONS FOB BODDLING COTTON

Week ending
2.

95ia
9ie

914
9i«

MobUe

9
9
9
9

9i«

9

....

9-70

Baltimore...
Pblladolph'a

9 62

Aagneta

914

Memphis

9H

9ha

Lools

Hoaston

9-70
9-50
9-75

9-95

9l-«

9H

9'3>93ie

95,8
8'8

^>
9iie

97i8
918

...

8%

8\

Little Rook..

8%

8%
8%

9H

'9ss"

9-70
9-62
9-95

8%

9-'8

87,8
8I2
8I4

91,8«1«

i*M

St.

8i5ie

9
9
9

9

GalveBton.
New Orleans

Savannah...
Oharleston
Wilmington.
Norfolk
Boston

ON—

Monday. Tuesday. Wed'day. Thursd'y Friday.

Sat'day.
.

9
9-50

9 25
9-55

'8Ss

9-30
9 00
9-25

81a
85,8
838

9-00
8 '87

925

8i3,e
S's
9i«

89] 6
8''8

8'fl

8 '8

838

8^16

8«fl

838
8»6

8»8

81^

closing quotations to-day (Friday) at other important
Southern markets were as follows.
Louisville
85^
Natchez
838
Atlanta
9^
Montgomery . 8 ^s
Raleigh
Columbus, Ga.. 8I4
8
Nashville
Columbus, Mia 8 8^
8%
Shreveport....
S'jg
I

.

I

Option Market.—The highest, lowest and

closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'day,
Nov. 26.

NOV'BEK—
Range ..

Monday, Tuesday, Wed'day, Thurtd'y Friday,
Nov. 28.

ifov. 29.

Nov. 30.

Dee. 1.

Dee.

2.

--22

-

913-'15

909- 11

8-85--87

DSC'BEK—
Range

9-08--18

912--27

916-17 912--13

8-85--05
8-88 -90

8-62-'94
8-67--68

8'32--46
8-37--38

8-33 52
8-37--38

9-16--28
9-26--27

9-20--35
9-20--21

8'91--15
8-96--97

8-65--00
8-75--76

8'40--54
8-45--46

8-39--52

9-38--55
9-39--40

907--33

8-83--16
8-93--94

8-55--71
8-62--63

8 56-'72

Closing..

9-35--45
9-44--45

Range..

9-4 6--61

9-59--60

9-22--47
9-27--23

9'00--22

Closing..

9-54--68
9 54--55

8-708-76-

8-70--85
8-74--75

Firm.
Steady.

Easy.
Steady.

.

JAN'ARYRan^e
.

Closmg..

March—
Range

.

9-12--13

Mat-

Tone—
^pot...

Stead;

Options.

Steady.

907-08

this

8-43-44
860--61

Irregular

Easy.

Eaey.

estead>.

Steady.

—

two inches and fifty-nine nuadredths
Selma, Alabama.— We have had rain on two days of the
week, the rainfall reaching thirty hundredths of an inch.
The thermometer has ranged from 35 to 68, averaging 58.
Madison, Florida.— RAin has fallen on one day of the
week, the rainfall being one inch. Average thermometer 48,
highest 66, lowest 30.
Savannah, Oeorgia.—We have had no rain the past week.
The thermometer has averaged 54, the highest being 72 and
the lowest 38.
Augusta, Georgia. There has been rain on one day of the
past week, the rainfall reaching one hundredth of an inch.
The theraiometer has averaged 48, ranging from 31 to 66.
Smyrna, Georgia,— We have had rain on two days during
the week, the precipitation reaching thirty -six hundredths of
an inch. The thermometer has ranged from 26 to 62, averaging 44.
Charleston, South Carolina.— We have had a trace of rain
on one day the past week. Average thermometer 52, highest
69, lowest 38.

—

steadily but
Stateburg, South Carolina.— We&thev fine
moderately cold. We have had rain on one day of the past
week to an inappreciable extent. The thermometer has
averaged 47, the highest being 65 and the lowest 30. November rainfall three laches and thirty-eight hundredths.
Chreenwood, South Carolina. We have had no rain the
past week. The thermometer has averaged 46, ranging from
H4 to 58. November rainfall two inches and thirty-two hundredths
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. Dec. 3, 1904, and Dec. 4, 1903.

—

Steady.

Weather Reports by Telegraph.— Reports
graph from the South

Mobile, Alabama.— Weiith^r fair and cool in the interior
early but showery latter part of week. Picking continues
Marketing is free but planters are holdin some localities.
ing in some sections. River navigation still restricted by
low water. There has been rain on three days of the week,
the precipitation reaching twenty-five hundredths of an
inch. The thermometer has averaged 56, the highest being
59 and the lowest 36.
Montgomery, Alabama, Rain has fallen on two days of
the week, the rainfall bsiner ten huadredths of an inch. The
thermometer has averagpd|52, ranging from 34 to 66. Months'

;

CloBing..

Closmg.

2595

rainfall

8^

The

New Orleans

.

THE CHRONICLE.

3, 1904.]

Quotations for MiDDUNa Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Dec.

-

-

.

by tele
evening Indicate that the weather

Dec. 2, '04.

to us

New Orleans

has been fairly favorable during the week.
in progress in many
on a liberal scale.

Shreveport
Vlokaburg

is

We

Oalveston, Texas.—
have had rain on three days during
the week, the rainfall being two inches and eighty four
hundredths, The thermometer has averaged 61, the highest
being 70 and tbe lowest 52.
Fort Worth, Texas
have bad no rain during the week.
The thermometer has averaged 55, ranging from 38 to 74.
Palestine, Texas,
have had rain on two days the past
week, the rainfall reaching twelve hundredths of an inch.
The thermometer has ranged from 40 to 72, averaging 56.
Taylor, Texas,— There has been rain on two days during
the week, the precipitation reaching fourteen hundredths of
an inch. Average thermometer 59, highest 74, lowest 44.
8art Antonio, Texas.— Th^xe has been rain on two days
of the week, to the extent of six hundredths of an inch. The
thermometer has averaged 59, the highest being 74 and the
lowest 44.
Corpus Christi, Teaeas,—There has been rain on two days
of the past week, the rainfall being eleven hundredths of an

—We

—W«

inch. The
60 to 80.
Abilene,

thermometer has averaged

65,

ranging from

Texas.— We have had no rain the past week.
Average thermometer 64, highest 74, lowest 84.
New Orleans Louisiana.— Ra,in has fallen on three days
during the week, the rainfall being ninety-one hundredths
of an Inch. The thermometer has averaged 60.
Columbus, Misisisstppt.-We have had rain on three days
of the past week, the rainfall reaching one inch and sixty
five hundredths.
The thermometer has averaged 50, the
highest being 68 and the lowest 32.
Leland, Mississippi.— We have had rain on two days the
past week, the rainfall being forty hundredths of an inch.
The thermometer has averaared 53*7, ranging from 29 to 83.
Vicksburg, Mississippi.— We have had rain on two days of
the week, the rainfall reaching one inch and twenty-one
hundredths. The thermometer has ranged from 87 to 69,
avers giog 64.
Little Hock, Arkansas.— Picking, ginning and marketing
continue active. There has been rain on one day during the
week, the precipitation reaching six hundredths of an inch.
The thermometer has averaged 52, the highest being 70 and
o
&
a
»
the lowest 35.
Helena, Arkansas.— It is estimated that fifteen per cent of
the crop remains in the fields. There has been rain on one
day during the week, the preoipltatlon being twenty hundredths of an inch. The thermometer has averaged 49 '5.

ranging from 31 to 65.
Nashville, Tenne.Hsee.—We have had rain on one day of the
week, the precipitation reaching fifteen hundredths of an
inch. Average thermometer 45, highest 63, lowest 28.
Memphis, Tennessee.— Pic^in^, ginning and marketing active.
We have had no ratn during the week. The thermometer has ranged f rom3a 7 to 64-6, average 4W2'

Feet.

3-8
2-6

3-8
6-0
1-9

Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.

Memphis

Picking is still
sections, and the movement of the crop

Dee. 4, '03.

Feet.

NashvUle

New England

69
1-3
21

20
7-3

Cotton Mill Situation. —Advices from

Fall River indicate that more progress has been
week in putting the mills into operation.

made

this

India Cotton Movement from all Ports.—The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Deo. 1 and for the season from Sept. 1
to Dec. 1 for three years have been as follows.
at—

Since

Week.

Bombay.

Week.

Sept. 1.

63.000

.

1902.

1903.

1904.
Receipts

237.000

41,000

Since

Sept. 1.

44000

165.000

For the Week,

Since

Week.

Sept. 1.

132,000

Since September

1.

Mxports

from—

Qreat

Oontir
nent.

8,000
12,000
12,000

10,000
13,000
12,000

2",oo6

2,000

i'606

1,000
1,000

1,000
3.000

i'006

2,000
1,000
4,000

2,000
3,000

11.000
14,000
18,000

Qreai
Britain.

Total.

Britain.

Continent.

Total.

Bombay—
1904
1903
1902

14,000
39,000
39,0u0

16,000
4^,000
41,000

i',606

2,000
1.000

3,000
5,000
10,000

8,000
6,000
10,000

2",co6

3,000
7,000
1,000

3,000
9,000
1,000

2,000
2,000
4,000

2.600

27,000
24,000
29,000

27,000
26,000
29,000

13.000
17,000
18,000

2,000
8,000
2,000

47.000
75.000
79,000

49,000
83,000
81,000

2,000
3,0

2,000

Calcutta

1904
1903
1902

Madras—
1904
1903
1902
All others—
1904
1903
1902
Total all—

1904
1903
1902

Alexandria

Receipts

Alexandtia, Egypt,

November 30.

and Shipments of Cotton.—
1903.

1904.

190S.

Receipts (cantars*)—

This week
Since Sept. 1

Exports (bvdes) —

To Liverpool...
To Manonester
To Continent...
To America
_Total exports
* A cantarlF 98 lbs

300,000

370,000

340,000

2,485,225

2,970.99S

8,298,773

Since
This
week. Sept. 1.

9,250
8",256

700

I

Since
This
week. Sept. 1.

74,668 10,^50
38.924 9,500
83.255 7,500
12,549
1,500

This
Sine*
week. Sept. 1.

78,412 4,H89 87.612
49,he3 14.032 64,171
8H,182 11,287 101,623
10,783
4,177 27,246

18 ,200 20 9,396 28,750 228,060 34.885 270,652

Manchester Market.— Our report received by cable
to-night from Manchester states that the market is stesdy
for both yarns and shirtings, in consequence of Aiiiericim

—

•

.

.

THE CHRONICLE.

2596

We

news.

for previous

give the prices for to-day below and leave those
weeks of this and last year for comparison.
1904.

32« Oop.
Twist.
d.

d.

s.

d.

8.

Nov. 4 838

11 ZH '31914 6
" 18 89i« ®9>4 6
" 25 88,6 '»9»4 6
Nov.2 87,6 ®9»e 6

d.

?9

•'

3
3

09
«9

Twist.
d.

d.

5-32 81a
5-44 8i>8

8^lbs. Shirt- Oott'n
commoti Mid.
to finest.
Uplds

inys,

d.

6.

'3i9i«

5
5
'<T95,8 5
a>96,g 6

5
5
5
5

813,6®938 6
4-77 81Bi,a>99,« 5

6
9

5-4

a"*

i

'a>9H

8«1

5 34

3
3

•v'8

5

32» Oop.

d.

3

-39
-©g

99ie 6
«9»« 6

O0.28 83e

1903.

SI4 ^8. 8Mrt- Oott'n
ings, eommon Mid.
to finest.
Vplds

8!*i

60^

B.

•as
-as

a8
-98
'98

©8

d.

d.

li«

m

5-74
5-94

lifl 614
IH 602
620
3

6

6-84

Cotton Constjmption and Overland Movement to Dec.

— Below

1.

we present a synopsis of the crop movement for the
month of November and the three months ended Nov. 30 for
three years.
1904.

bales.
OroBS overland for November
OroM overland for 3 months
Ket overland for November
Net overland for 3 months
Port receipts In November
Port receipts In 3 months
Exports In November
Exports in 3 months
Port stocks on November 30
Northern spinners' takings to Dec. 1
Bonthem oonsomptlon to Dec. 1
Overland to Canada for 3 months (Inolndedin net overland)
Burnt North and Sonth In 3 months
Stock at North'n Interior markets Dec. 1
Came In sight during November
Amount of crop In sight Dec. 1
......
Came In sight balance season
Total crop
Average gross weight of bales
Average net weight of bales

Census

Bureau's

Report

232,491
362,606
207,106
322,289

190,196
257,424
171,410
222,067

1,680,301 1,735,391

4,483,666
1,160,518
},144.828
967,162
789,129
509,000

1902.

1903.

3,791,261
1,252,799
2,658,600
871,569

641,886
509,000

248,691
451,719
213,605
386,446
1,372,442
3,629,418
841,548
8,417.207
1.035,606
705,019
520,0U0

28.840
16,847
31,756
3,406
198
170
2,694
4,806
7,212
2,309,406 2,269,801 1.832,341
6,009,955 5,012,318 5,049,864
5.111,368 5,708,462

101S3686 10758^26
520-48

on

514-63

49801

49403

Cotton Qinnino.

509-45
489-02

The

Division of Manufactures in the Census Bureau completed
and issued on Nov. 3) the second of its series of reports on
cotton-ginning the present season as follows:
Hon. S. N. D. North, Director of the Census :
I have the honor to make the folowing report by States and Territories of the quantity of cotton ginned from the growth of 19u4to
November 14, 19u4, accompanied by comparative Btatlatios of the
cotton ginned to the corresponding date in 11^03:
Ootton Oinned to Notemher 14.
P, ct. of
,

Total

Square

Tear.

bales.

Bound

bal'S.

running

Slates atid
Territories.

bales.

1904..9,H06.0S7 9,t)04,777
United States.^ 1903.. 7 070,437 6,519.382 238,823
510,550
SI 904.. 1,073,819 1,057,057
16,762
Alabama
Aiaoama
^1903.. 7*3,538
691,153
62,385
556,438
555,^12
821
Arkansas
\\loV: 406,393
378,663
27,730
1904
60,291
36,614
Florida.
2-2,379
39,144
\:1903
1,504,699
9.527
5 11*04.. 1,546,513
n<>«,„io
0«0'8la
U9o3.. 992:653
938.535
84,6S3
321,981
302,435
19,546
IndlanTer
}^g* ; 172,793
)
132,^94
40.199
5

850

Kentucky
Louisiana...
Mitsisslppi..

Mlesouri

1903.
308
fig^*""
678,970
5 1904
il903.
510,494
5 lb04. 1,031,808
ii9<i3.

%%

92^4,890
!«8,217

Sea tot. crop
Island ginned
crop
to
bales Nov.\4l.

6U.457
40,555

694
72-7
5*4 "ji

23,677
16,765
31,287
19,485

850
308

67-7

7 4 "8
56'7
47'8

647,876
462,477

31,094
48,017

1,081,482
888.545
83.217
18,309
519.427
407.122
211,199
100.399
923,220
621,806

324
41,345

69-6

64-4

3'385
22,294
66-2
51»,427
North Carolina J^2|""77
407,199
I
73 "3
1904.".'
222,939
11,740
Oklahoma...
190:^.. 11«,639
16,240
58 •£
7,493
South Carolina [y^a" 930,713
625,611
76'9
I
4,305
^'04!!
196.387
19.^,8.^9
1,028
Tennessee
66*6
1903
163,188
149,726
13,462
1 19(
S 1904.. 2,727.198
2.679.212 14,7.981
T««R
^®***
"5
? 1»03.. 1,932,549
1,700,072 232,477
75
11,518
11,518
Virginia
j^^*;
7,744
86'6
7,744
f
The above statistics of the qnantity of cotton ginned were collected
throni^h oanvMSxeH of the individual glnnerlCH or the ootton States by
local 8pi-cli»l ajjents of the Bureau of the Census, who found that
29,611 ginneries bad been operated this season (against 29.506 In
1903) prior to November 14, and that these had ginned 0,906,057
running bales, or bales as pressed at the ginneries. Counting round
\

as half ba>«-B, the number Is 9,786,646.
This report will be followed by three others, showing the quantity of
ootton ginned from the growth of 1904 to December 13, to January 16,
and to the end of the season.

Very respectfully. W. M. Stedart,

[Vol. Lxxix.

—

Shipping News. As shown on a previous page, the
exports of ootton from the United States the past week have
reached 824,8.51 bales. The shipments in detail, as made up
from mall and telegraphic returns, are as follows:

New York—To

Total
Liverpool, ner steamnrs Baltic, 4. 534 upland
Cevlo, 2,863 upland and 647 8ea

(tales.

and 308 Sea Island
I-land

7,882
71

To Hall. p«r steamer Idaho, 71
To Manchester, per steamer Cavour (additional). 400.
To Havre, per steamers Bordeaux, 232 Sea Island
Soivei(r.

400

500.

732
20O

To Marseilles, per steamer Gallia. 200
To Bremeu, per steamer Frankfurt 50
To Antwerp, per steamers British Princess, 1,731

50

Kroonland. l44
1.875
To Barcelona, per steamer Athalie. 2.026
2,026
Gnuoa, per 8:ieamers Konig Albert, 1,723
To
Republic,
3 '61
5,484
To Naples, per steamer Konig A'bert. 571
671
To Flume, per steamer Oarpathia, 395
395
To Trieste, per steamer Caroatbia, 100
100
New <.>aLKAM8— To Liverpool— Nov. 25— Steamers Orion. 6.700;
Tamploan. 9.191
Nov. 28 -Steamer Texan, 3,1^9
Nov. 30 Steamer Yucatan, 4,600
23.S50
To London Not 28— Steamer Colonian. 5,500
5,500
To GlaHgow Nov. 26 Steamer Fashoda 1,0'iO
1,050
To Havre -Nov. 25— Steamer Asian, 10,000. ...Nov. 28Steamer Sarlinla. 6,604
15.604
ToDankirk Nov. 80 Steamer Hercules. 6,S42
6,842
.

-

To Hamburg -Nov. 29-8teamer Bolivia, 1,778
To Barcelona -Nov. 30 -Steamer Jote QalUr C, 4,8 '2
To Genoa— Nov. 2e-Steamer Monviao, 8.057
Nov. 29
Steamer Sicania. 7.123

1,778

4,882
-

15,180

&ALVE8TOK-T0 Liverpool- Nov. 26— Str. Custodian, 83,695
Nov. 29— Steamer Jura, 10.512
34.207

To Havre Nov. 28— steamer Madawasfca, 9,951
9,951
To Brem'^n Nov. 25— Steamer Breslau, 11,307 ...N'>v. z«
—Steamers Barnholme. 4.797; Telesfora, 8, 775.. .Nov. 30
—Steamers Pennine Ranee, 10.188.
85,667
To Hamburg Nov. 24- Steamer Alston, 2,700
Nov. 26—
Steamur GlCDgoil, 438
3,138
To Rotterdam Nov 30— Steamer Ma'iawaska, 50
50
To Antwerp Nov. 30— Steamer Mlddleham Castle. 4,533.. 4,583
To Genoa -Nov, 29—Steamer Monaioel o. ID, 256
10,256
Savannah— To Llverpooi— Nov. 29— Steamer Foyle, 11,28 J....
Nov. 30 -Steamer Indramayo, 10,8 9
22,148
Manchester -Nov. 30 Sceamer Indramayo, 3,249
8,249
Bremen— Nov. 30— Steamer Plnewood, 1.J.S87
12,887
Antwerp- Nov. 29— Steamer Zaeburg, 200.
200
Amsterdam -Nov. 29—Steamer Zeebnrg, 600
600
Rotterdam -Nov. 29-8teamer Z-ebnrg, 1,328
1,328
GothoDburg-Nov. 29 -8te*mer Z ncburg, 400
400
ToMaimo Nov. 29 Steamer Zeeburg, 299
299
To Ghent-Nov. 29 -Steamer Z^eburK, 50
53
To Oporto—Nov. 29— Steamer Foyle, 500
Nov 30—
Steamer lodramayo, 400
900
To Ferrol-Nov. 29- SteamerFoyle, 200
20O
To Barcelona -Nov. 30-8teamera Aladdin. 1,950; Alberta,
7;445
9,395
To Genoa-Nov 30-Steamer AladdlQ, 3,t56
3,656
Brdnbwiok—ToUverpojl— Dae. 1 Steamer Calrntor, 11,668. 11,668
To Bremen Nov. 29— Steamer Dungeness. 6.w48
6.946
CsARLESTON— To Bremen— Nov. 30— Steamer Sark. 3,985
3,985
Wi;.MiNGTON-To Liverpool -Deo. 1— Steamers Anglo Saxon,
1S,228; Kiogswood, 8.700
23,928
.SfOBPOLK— To Hamburg -Nov. 29— Steamer
1,150
1.150
To Rotterdam Nov. 26 -Steamer Argo 500
5J0
808TON To Liverpool -Nor. 22— Steamer Devonian, 1.<J13
Nov 26— Steamer Sagamore, 1,102 ...Nov. dO—Steamer
Wlnlfredian, 2,789
5 59*
To Manobester Nov. 2^— Steamer Iberlaa, 2,671.
2,671
To Yarmouth -Deo. 1— Steamer Boston. 19
119
BvLTiMoRB-To Liverpool—Nov. 25 Str. Qaernmore, 4,304... 4,304
To Havre-Nov. z3-8teamer Solvelg, .3OO
Nov. 23 locemore. ."ioa
1,000
To Bremen -Nov. 25— Seamer 04S"el, 2.957
2,957
1,750
To Copenhagen- Nov 18—Steamer Louisiana l^'iO
Philadblpkia— To Manchester -Nov. 17-SDeam-jr Miuchester Merchant, 400
400
SAW FRANiotsoo To Japan— Nov. 26 Steamers Aztec, 2.720;
Coptic, 350
3,070
TlOOVA— To Japan— Nov. -23- Steamer Shawmut, 3,601
Nov. 24— Steamer Deucalion, 3.008
6,60&
Seattle -To Japan— Nov. 23— Steamer Tremont, 1,142
1.142
TotaL
324,854
^
The exports to Japan since Sept, 1, 1904, have been 37,894
bales from Pacific ports.

To
To
To
To
To
To

,

Liverpool.— By cable from Liverpool we have the following
•tatement of the week's sales, stocks, &c., at that port.
Nov. 18

Nov. 11

week

Nov 25

bales.

49 000

60 000

40 000

Of which exporters took.
Of which speoolators took.

1,000

2,000

3,000

40,000

42.000
7,000
102,000
452,000
405,000
194 OUO
172,000
417 000
370.OO0

se'obo'
7,000,

Sales of the

Sales American.....

9000

Aotaal export

Forwarded
Total stock— Estimated
Of which American-Est'd.
Total import of the week.....
Of which American
,

67,000

367 000
323 OuO
78 000
60 000
449 000
399 000

74 000
490.000
440,000
119 000
104.000

Dee. 2

52.000
1,000

6.00O
49 000
5.000

102 000
662,000
508 000
180 000
155.000
458 OOO

464 000
afloat
...
4U7 0O0< 461000
Of which Amerioan
The tone of the Liverpool marftet tor spots ana ruiures
laoh day of the week ending Dec. 3 and the daily closing
prices of spot cotton, have been as follows.

vmount

,

Monday. Tuesday. Wed'day. Thursd'y Friday.

Sat'day.

spot.

Chief Statistician for Manufactarea.

Approved,
8.

N. D, NoBTH. Director.

Agricultural Departments December Cotton Re
PORT.— We are advised by Mr. John Hyde, Chief of the
Bureau

of Statistics of the

Department

of Agriculture, that
being a half-holiday on
D.'oember official cotton
report of the D ipartment of Agriculture will be published
at 11:15 A, M., Dao. 3, instead of at 12 o'clock. Toe report of
Dec. 8 will show only the estimated total number of bales of
cotton grown during the present season. Dc:tails will be
given on Monday, Djc. 5, at 11 o'clock A, M.

"on account of Saturday, Dec. 3,
many of the Cotton Exchanges, the

Market,

/

Quiet.

steadier.
12:30 p. M.^

Mid. Upl'ds.
dales
Spec.

& exp.

More
Moderate Moderate
demand. demand. demand

(iood

demand.

6 10

5-18

5'07

4 93

4-79

4-77

5,000
300

5,000

7.000

8,000

500

600

500

12 000
1,000

12.000
1,000

Futures.

Market
opened.

Market,
4 p. M.

)

V'ry irreK. SteadT at
nnch. to
2 pts.

\

3 pis. dec.

!

m

advanoe.

Steady at

'trendy
l
)

at
pti.

Hdvanoe

1

1

Easy at Steady at Irresrnlar. Irreg. at
6@7 pts. ea7 pts. nnch. to l«8 pit.
decline.

Weak

at

236 pts. 13®14 pti.
advance decline.

deoUne. 8

pts. dec.

deoUne.

Qalet a< Fev'ish at (Steady at
sail pte. 10914 ptt. S®4 pts.
decline.

decline.

declhie.

.

Dec.

THE CHRONICLE.

1904.

3,

prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prieet are given in pence and lOOtA. ThM$: 5*02 inean'
6 03-lOOd.

The

below.

r^

mon.

Sat.

Nov. 26. Nov. 28.

Toes.

Tbnrs.

'Wed.

Dec.

Nov. 29. Nov. 80.

d.

d.

d.

d.

d.

d.

d.

5

tfl6 5 02 5
197 5 03 5
03 5 08 5
5 05 5 >0l5
">

=.

•^

4 71

4

71
77
80
83
86
88

4

90

4

4
4
4
4

4 91
4 88

69
69
74
77
80
32
85
87
88

68 i'iii
68 4 67
•74 4 72
78 4 7."i
81 4 78
83 4 80
8S 4 82
87 4 83
89 4 85
4 86l4 87 4 84

Sept.-Oet....

Jute Butts, BAoaiNa, Etc.—The damand for bagging
during the past weea has been dull, with prices unchanged
at 6%o. for \M lbs. and 6^c. for 2 lbs. standard grades.
Jute butts dull at l}4<§iyii. for paper quality and k@23^c.
for bagging quality.

BREADSTUFPS.
Friday, Dec.

2,

1904.

Offerings of spring-wheat flour have been fairly fres. It is
point^'d out that mills which two weeks ago Would not shade
|6 15@6 25 for patents are now looking for buyers at $6 00@
6 10. Tbe demand for flour has been quiet. The trade haa
appeared to be fairly well filled up for the present and has
been holding off, preferring to await developments before
making additional purchases of importance. Wmter-wheat
City mills have sold
flour has been unchanged and steady.
R^e flour has been quiet but steady.
at lower prices.
Buckwheat flour has had a limited sale at steady prices.

Corn meal has been quiet.
Speculation in wheat for future delivery has been moderately active but the tone has been unsettled. Early in the
week prices showed a downward tendency, iiiflaenced by
bearish statistical developments. The world's exports to
European importing ports proved to be heavy, and tbere was
a large increase in the American visible supply of wheat.
European markets were dull and lower, and this,
Predictions of the fall
operated against values.
too,
of needed rains in the winter-wheat belt also had a
Subsequently, however,
bearish influence upon values.
the market turned firmer. Weather conditions in Argencontinued to be stated as unfavorable for the
tina
wheat crop, exceesive rainfall being reported and the pre
dieted ratns in the wirter-wheat belt failed to materialize.
One authority in commenting upon the eituation in the
winter-wheat belt says no relief is reported to the dry weather
conditions, but the time has not been reached when a posiThe movement of the
tively discouraging view is called for.
spring-wheat crop has shown a sharp falling off, and during
the latter part of the week this operated in favor of values.
Bnginegs in the local spot market has been quiet and prices
have been easier. To-day the market was fairly active on
continued unfavorable weather reports. The spot market

was

YORK

.

1

UlSs llOOs 111»« 111'* 11289
102^4 103^ I0314 103''8
lOSk 103
DAUCT CL08raO PRICES OF WHEAT FDTURE8 IN OUIOAOO.
delivery In elev
elev

July aeuvery

Dec. dellv. In

May

To-day

has been quiet.
IN

NEIV YORK.
Wed.

lues.

Thurs.

Fri.

Nam. Nom. Nom.
Nom,
Nom. Nom. Nom. Nom. Nom. Nom.
DAILT CL08IN0 PRIOES OF NO. 2 MIXED OATS IN CHICAGO.

No. 2 white In elev

Mon.

Sat,
3lifl

311*

Thurs,

Tues.

Wed.

2918
3II4
3138

29i8
3I89
31ia

2914

Deo. delivery in elev
May delivery In elev
July delivery in elev

29

29

3114

3118
3118

31H

Fri.

29ie
31I4
Si's

Following are the closing quotations:
FLOUR.
B^e......^

Nominal,
Nominal.

-.

Superfine
Extra, No. 2
Extra, No. 1
Ulears

$4 00 «4 10
4 26 ®4 70
4 30 »5 35
8 25 a>5 75
6 50 96 75

StralghtB
Patent, spring

75 -aeoo
25 816 70
40 94 80
00 '92 25

Patent, winter
$5
Olty mills, patent. 6
Eye flour, superfine 4
Buckwheat flour.. 2

Oom meal-

03 10
93 25

Western, etc..... 3 00
Brandy wine..... 3 16

ORAIM.

Oom, per bush-

Wheat, per bnan—

N.DnL,No.l
N. Dul., No. 2
Red winter. No. 2..
Hard winter, No. 2.
Oats— Mixed, p. bush.

White
No. 2 nolxed....
No. 2 white

0.

54%066

Western mixed.....
No. 2 mixed

f.0.b.l2188
f.0.b.ll468
f.o.b.l20i8
f.o.b.ll8i8

f.

34i«935ifl

86 «3»i«
Nomloal.
Nominal.

o.b.Nom

f.

o.b

t.

No. 2 yellow
No. 2 white
Rye, per bushWestern

o.b.Nom

Nom

84 '989
NomiDal.
52 •aes
41 '3>46

State and Jersey....

Barley—West
Feeding

Exports of Grain and Flour from Pacific Ports.— The
exports of grain and flour from Pacific ports for the week
ending Deo. 1, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 17,000 bbh. flour,
and to various South Pacific ports, 4,571 bbls. flour and
1,100 bushels wheat.
Combining these figures with those for previous weeks, we
tiave the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903,
Mxprn-ts

bbls.

ten Fran.
PugetS'd.

402,793
515,010
271,919

Portland..

Oom,

Oats,

hush.
38,800
8,351

Wheat,
bush.
1,117,711
704,551
654,760

Flour,

froTftr-

bush.
1,191

bush.

bush.

8

78,191
164,850

422
846

1,590.513
24,050
219,606
1,834,169
5.789.730

76,992

2,377,022 47,151
2.469,467 14,793

Total... .1.189.722
rot. 1903.1,333.966

Barley,

.

768
707

The movement of breadstuffs comarket as indicated in the
itatements below is prepared by ua from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Nov. 26
and sinoe Aug. 1, for each of the last three years have been:
B«c«<pt»

at—

Chicago

183.980

116,400

Dnluth

520,882

102.376

.

1.316.013

Minneapolis.

Toledo
Cleveland

8,817.200
88.309

113.000
120.699

6,000
...

89.785
17.400

181.300
308,323
406,400
76,0

48 248

880.555
287.465

292.7H8
149,850

9,166
68,000

839.000

IOI.41K'

77,400

Kansas City.

683.600

280.500

Tot. wk. 1904

487,509 ""8,377.653
7.618.369
502,780
8.762.678
488,4S4

4,766,900

dame wk. '08.
Same wk. '03.

BUMh.iSlbi Bu.66 lbs.
633,480
80,000
691.850
66,800
430.880
53,004
242,990
60,000
3,080

340a0

ae,779
831.970
4.800

14,617

Lonli....
Peoria

St.

By*.

.Barley.

9^18.411

53.880
212.000

8.273,690

Detroit

Oatt,

Bu«h.601h« 8tM/i.66ib< Buth.S2lb

141,832

UUwankee

Oom,

Whtat.

yiOMr.
Bl>i«.l»R lbs

18,186
7.J00

146,200

8.381,816

3i618.896 ~3.053.076
2,889.596
8.808.056

8,767,961

2,605,931

280.300
218,277
811.016

1,694.088

S»n<;« .Aufl. 1.

quiet.

DAILT 0IX>8INO PBI0B8 OP WHEAT FUTORES Ol NKIV
Sat
Mon.
Tues.
Wed. Thur§.
ri
119
11708 11838 1I8I4 120ie
No.2recl winter, to. b... 12016
116
11489 11588 US'* 117is
Deo. delivery In elev.... 117»6

May

Business in the local spot market
was a steadier market.
DAILT GLOBING PRIOBS OF OAT8
8at.
Mon.
EiTo. 2 mixed in elev
Nom. Nom.
..

d7

d.

d.

02 5 05 5 12 5 10 5 01 4 97 4 87
09 5 07 4 98 4 94 4 85 4 ¥3
Nov.-u«o...
10 5 07 4 98 4 94 4 85 4 83
Deo.-lMi...
15 !5 11 601 4 97 4 90 4 87
Jan.-Feb ..
17 5 13 5 03 4 99 4 92 4 90
Feb.-Mch. .
S04 5 125 19 5 15 ,^06 5 01 4»6 4 92
Mob.-A.prlI.
S09 5 14622 6 17 5 07 5 03 A 97 4 94
April- May
May- June... 11 5 16 5 24 5 195 09 5 06 4 99 4 96
5 14 5 1 7 5 25 5 20 5 10 5 0^ 5 00 4 97
July.
Juneor 4 98
i 12 5 18 5 26 5 21j5 11 5 07
July-Anjf
5 10 5 165 23 5 18 6 08 5 0« 4 98 4 66
AUK-Sept
.

2597

their

Frl.
Dec. 2

1.

4 12ifl 4 12ia| 4 12i« 4 12H 4
1 12)«
L2ifl
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.

November

.

.

1

.

m

el*''

dellv. In elev
in oiev

July aeilv.

112ifl

8ai.
108''8

110
98'^8

Mon.

Tues.

10789
IO914
98*8

IO6B9
lOSSs
9789

Wed.
107^8
10989
gS'g

Thurs.
lO-f

10938
98i«

htH

10e>«
llO^a

99

Indian corn futures have received a moderate amount of
speculative attention, but the changes that have occurred in
values have been towards a slightly lower basis. Weather
conditions in the corn belt have been highly fnvora le for
the curing and marketing of the corn. Offdrings of newcrop supplies have been steadily increasing and the movement of corn to market has increased to fairly full proportions.
With the freer offerings demand has been rapidly
broadening, exporters in particular being large buyers for
December and January shipments and at a sti^aiy basis of
values. To-day there was a steady market.
Business in the
spot market was active; sales for export here and at outports
were 425,000 buehelp.
DAILT OLOBIMO PRIOBS OF NO. 2 MIXED OORV IN NEUT YOKK.
8at.
Mon.
lues.
Thurs.
Fn
Wed.

Oashoomf.

0. b
Dec. delivery In elev
May deUvery In elev

66i«
5714

Norn.

Nom.

58

5B''8

StiSg

57

5l''8

51''8

5188

51^

5169

Nom.

Nom. Nom.
ty7^
51S9

DAILY 0LO8IN0 PRIOES OF NO. 2 MIXED OOKN IN OHIO AGO.
8a t.
Mon
Tues
Thurs.
Wed.
Fr%.
Deo. delivery In eley
May delivery In elev
July delivery In elev

48%
45%
45*^8

48'8

48^^
45»«
45i«

48*3

48:'8

48%

4558
4589
«6%
46
4589
45%
45%
the Western market have been
45''8

Oats for future delivery at
quiet and there has been a fractional decline in prices.
Stocks for the week have increased slightly, showing a light
distributing bUHiness,|and this has operated against values.

ieo4
1903
1«09

7,844.993 118 878 788 60,894,516 76,888 488 84 822.962 8,917.767
8,092 948 111 016 085 80,870.877 64,649 lOl 84,883 667 3,389.416
8 07«.5'<l 145.1 'O.Sll 86 HKS.eSB 76,88 t.lSO 87.159.129 6,233,628

...

The recpilpts of dour and grain at the seaboard ports
the week ended Nov. 26, 1904, follow:
Receipts

New York

.^.

Boston

^^

Portland. Me
PQlladelphia

ti*rl$t.

iiviii

•<«aii.

1,0(10,900

676.300

»««.

"1,006

123.619

116.7Ht

...

Newport News...

S6,8»»7

15M32

«..

Richmond

Jtihl,

^<t(V.
94,600
63.029

»«>•'«.

873,8M
11,486

.^.

Biiltlmore

^ew

1S1.99:
31.776

i*rn,

V*i«$,

'Mtir,
hhit

at—

for

37,511
O.bBO
6.680

43.70a

„.,
...

Orleans*

10 856

18.U9

Galveston

6S,«19
31.780
8,918

28S,640
103.457
19.««8
1.'80
30.600
32.9J0

14,400

"

00.400
10,000

'"3,493
62,941

ISO

18,306

Total week
761072 1,85V84
269,638
940.472
837.442
67,614
Week 1903
484,0W6 l,95i,«13 1.3^3.671 1,316,389
12:^,613
45,«0»
* Beoelptt do not Inolade srala passing tbroagh New Orleans for foreign
•oru on throanta bills of ladlns.

fotai ceoelpta at portifffom Jan.
illows for four years:
Receipts

Floor

of-

Wheat
Oom.

1904.
...bbls. 15,494.298

I

to Nov. 26

1903
19.631,131

93 632.669

bush. 87.785.388
•'

1902.
19.926.661

1S5,620.H42
18 119.908
47.74B.7;6

compare as
1901
80,808.741

148.978.110

46.61».975

Oats
Barley

"
••

aye

••

Total Blain

'

94.63ii.187

876

4-1876 816

6.403.120

3,2S6.liU6

4.9b& 630

i.o»i«.48i

8,i<l2,69t
3,82t),18a

4.971.733

3.60&.6:j&

185.883.774

844.886.697

1(9.714,16}

388,839.920

48.1-68

10.-1.000.001

67.7»a.fl04

The ezporti from tne leveral aeaooard portt for the week
ending Nov. 26, 1904, are shown in the annexed 8tatemf«D«:
Oatl.
an,
Flour.
BarUv,
Osr*».
Baivsrts frtm- kuik.
^•w Fork. .. 18,0S7
'ortiaaa,

loston

U;

bu$h.

iVBh.

70.667

'Klladelphla.
•sitlmor*

'•wQ'rtNewi

18.776

86,103

19.190

20

'i4,fl(l'9

'"i.oso

i'B4.688

ne.784

lO.SrtO
84 46)1

64.792

6.680
1.4X6

<aw Orleans..
iOQtreal

SQ1.6SI

1.180
6.A40
41.882

Total W««k..

464,119

216.880

169,031

8am« time '08. 1,869,799

1,818,047

8:M.88t>

4,714

888,089

00
8,059
20.870
117,901

..,,'.".'.

108.089

"18.778
SJ.7U8

Zu.lli
8V,W99

a

:

THE CHRONICLE.

2598
Tbe destlnatloD
Jaly

amp^rtt

^

ff

m4 (<n««

«i<«fc

July
IXnitad

,

t»-

1

2«

1B04.
hblt
1.377.135
6St.uH4
1

bi'U
W6.I67
14.847

^

* 0. Aoaarltk.
Wo«i indiai

KBUl

Ooio'f

iO.VeB

r.M.Am
Totm

I,

ou^^.

.

Wtik

btuh.

F'Uth

111.138
85,7ia

686,317
8,900

6,145.812
S7,022.4ii3

216
On U22
8w5 487

4.t)76

O.H)
8,407
7,6«0
1,668

0?.414

2.811.779
451,119
6,706 960 l,b&9,79U

1B04.
hutf
6,7a7,MlR
I,

&,S0i.7:ei

451,110

t)H.604

8;36,t<)i9

Corn,
aini$ Jvii

Nov.aO.

1V04.

161,170

169 031

TotHi lBOS-08....

.

ginn Jui«

WttM

Nov.M

i!0«.iU9
«8l.f.07

1B.0.~«
4,b7»!

•tkar toutriat

Whtmt.

.

Hl.»02

as 870

2l8,f'80

11,210,311

047

'MfiiaoM

1,'<S12

visible dup^ly oi gram, comprising the etockd lii
granary at (-.h^- prlnoiD»l points of accamnlatlon at lake and
Maboard ports, Nov. 26, 1004, was as follows:

The

0$r%,

In

at—

ftcr$

*!>*)•

New lork
Do

SSO.nnO
8,000

•Oo*t.

Boiton

00
60 000

87,'

Pklladelphla.

Baltimore
New oriean»...„,.^
Saireiton
^..«..

Montreal
VoiODto
nflalo

Do

l,06if.OUO

203 ooo
14

136,000
49^,000
20 i, "0
197 000

s'h'.ooo

807,000
243.000

11,000
273,000

171.000

44.000

SO'in
1.120,000

601,000

00

.^. 8,061,000

481.000

151.000

99,000
6.000

451000

«...«.^

1,373, 100

42.000
'

89 000
1,890,000

afloat.......

Toledo

188 t»00

1,067.000

14 000

6,000

66e,ooo

37,000

913 >00

43,000

66,000

1.670.000

271,000

6,226 000

iok.oo"

12.000

633,000

15,000

673."(X)6

216 00

«.

Do afloat.......
Detroit....
Do
»float
Okieaco
Do afloat
Mllwaakee
«float
_ 00

J

i^w

780,000

Fort William
Port Ankiir

8,198000

Dttlath

4,Ok<6.00C

8,268.000

170,000

680.000

».7»4,ooo
8,888,000

5,945,000
1,118,000

81,000
13,000

843.000

449.000
1.481.000
ZiP.OOO

8,f00

3.OO0

842 000

"ee.odo

1.748,000
169,000

1.870.000
1.928,000
1,1^7,000

6.038.000
6.Dil,0Cl
6.H87.00

Do

i,

Mlnneapoili.

....

et.LOtllt

Do

afloat ...

SaniaiOlty

1,960.000

Peoria

''.ooo

Oa MlMlsiipDl River
OiLakei
OaoanaiondriveT
Nov.
Nov.
Nov.
Nov.
Nov.

8.000
'

23,000
112,000

sos.ooo

76 000

1.972000

445,000
17,000

iniiansyolli.

Total
Total
Total
Total
Totel

esouo

•float....

176,000

.

88, 1004

.35.595.000

1^852,000

24,232.000

83.SP9.000
30.150.000
45.0t8.000

i.ig.'i.ooo

24..S24.000

6,Srt7.000

9,6-4.000
7.O51.000
6.603.000

1903.

29. 1902,
30. 1901. ,6»!.3tf6,000

1.0 jO

74,000

19, 1904.
ia.

31000

2.98 -(.ooo
11,2^7,000

1,25-5.000

3.?>81.000

2.664 000

3.C07.U00

Vol. lxxix.

Faccy prints were also rudnced in proportion.
and sheetings have been among the firm-

as a Burpnae.

Heavy brown

Hour.
W..k tinuJvlv
flov.

KinKdOB

OoatiooDi

experts fox the week and Biute

ot theie

! at below:

1004,

1,

[

drills

any lines bnt the demand has not been heavy. Converters have almost entirely withdrawn from the market,
bellevlrg in lower prices later on, and all the businegs that
has been done has been for goods for immediate delivery.
For these full prices have been asked and paid. Light-weights
have not been active, but prices have held firm. There has
been some export inquiry ror 3 and 3"25 yard sheetings, and
orders lor theae have beeo placed at rather better Ihnn recently prevailing rates; bat apart from thib there has not
been mach doicg in the export line. There have been some
inqnirles for ducks and al60 for Canton flannels and cotton
blankets, but the aggregate bueioesa has nor: been large.
B eached goods have been quiet, but low grades continue in
small supply, and buyers of high grades are awaiting the
action of the prominent handlers as to prices. Colored goods
have been in good demand, particularly ticks and denims,
which have been well sold for delivery during the first three
months of 1905. Ginghams have been dull but unchanged.
Print cloths have been very quiet at recent figurts.
Woolen Goods,— The principal feature of the woolen goods
division during the week has been the opening of certain
lines of the new heavy-weight men's wear fabrics at prices
which are disappointing to the majority of manufacturers.
The reason for this seems to be that certain mllli were fortunate enough to purchase their raw marerial sjme time ago
when prices were considerably lower than they are now.
Having done this they are able to offer goods now at prices
Which those who were not so far-3ighted are unable to compete with. It would seem, therefore, that prices must either
advance or that goods will have to be sold at a loss. The
goods that have already been shown, however, cannot be taken
as representative of the market, as they are or the most pwrt;
low-grade goods and do not therefi^ re contain the same proportion of wool that the better grades will. Certain lines of
light-weight goods have been withdra>vn from the market
during the week and others have been advanced in price, but
duplicate orders connnue to be received and are filled without difficulty at prevailing prices. Dress goods have again
been active and the season bids fair to be an excellent one in
every way.
few lines of blankets have already been
opened but it is as yet too early to jadge of the season.
est of

t

A

THE DRY GOODS TRADE,

—

FoBEiGN Dry Goods. Imported woolen and worsted dress
goods have continaed in good demand during the week and
Conditions in the cotton goods market daring the week prices have held firm. There are a few complaints of slow
delivery but apart from this conditions are satisfactory.
have been governed almost entirely by the decline in the
Silks and ribbons have been firm but quiet and linen has
price of raw cotton, and the signs of a broadening tendency bsen rather disappointing. Burlaps have been strong with
which last week were everywhere apparent have now dis- an advancing tendency.
Whereas this time a week ago buyers were per- importations and \¥^arelion«e TTttlidrainrals of Dry Good*
appeared.
fectly willing to purchase their necessary supplies at current
Thelmporr,ationsand warehouse withdrawals of dry goods
rates, and even to anticipate their future wants to a certain at this port for the week ending Dec. 1, 1904, and since
extent, at the present time they have withdrawn from the January 1, 1904, and for the corresponding periods of last
vear are as follows:
market, believing that in the near future they may be able
H
B
s
s.
B
ff
S
B
to purchase at lower prices what they map require. Daring H
o a^
^ s.g g3=9|§ ^
the week, therefore, business has been extremely dull, but
Is
IhFIiI
E
this has not resulted in any weakening on the part of sellers, g.
f.
Sii ?• 1
5
§:
f: S
Sii ."i 1
g
who continue to base their faith in the future on the strong 1
o
2:
g
*
3
Btatistical position of the market.
On certain classes of o S: S;
2
i
gj
1
SI ii: S
Si
goods prices have even shown an advancing tendency, owing CD »:
§
it
a
to the difficulty that is experienced in obtaining deliveries,
B
B
B^
iiiiif 1 •o V
iiiiit
but on others that have not been in such good demand a
3
^'.B
a'.
certain amount of irregularity has been noted. The export
M
H
demand during the week has been small, and it would seem w <i•4 CO
59 >o
3
to
tOMMM
M
Via cntoka^M
«3
that it is likely to continue In the same condition for some 69 Vib. «>.M«OW
CO
toeni^cDOi
f??
» c^w oooootocc
OIM OOMGOMOI w cn COaorlSM f Si!
-J
time to come, owing to the large purchases ahead that were 00 QDO «0»JO ««
CO
ooen
COOOOCOCO
coaenaa
»
pg
m to M
made two months or so ago. In the woolen goods division
o
to
00*.
t^h-t
CO
to
00 #.
MtoacnM -< m3 3
n 00 aacOi»«k
some lines of new heavy-weight men's wear fabrics have o »0-i *-«ao>!Oto
K)0 l^^i»M*k
to
es
tf
1^ to » CO SI
3 M CO to MjCCO^^Ol s CO enjin c a co«s
been shown, but there is a good deal of adverse criticism on
(Oco IocomVioo
cob Vjb'uMto
cnbwQo'M
if II q
OOD
account of the comparatively low prices that are being « ai« taoots A>4 H w Oif.. tocBOOtn ^ ^ o Oen^tost
COODCO CO ^
»
H M enoD •jOD^jaoo 3 J> enOACooo
asked.

New

Yoek, Fbiday, P, M. December

2, 1904.

nil

:

:

:

;

:

:

:

:

'

:

!

:

;

1

;

:

:

i

i

i

i
!

i

;

1

i

i

i

'

'

•

,

1

—

DoMBSTio Cotton Goods. The exports of cotton goods
from this port for the week ending Nov. 28 were 8,129

a i^ta
^ en to
OO

packages, valued at $480,103, their destination being to the
points specified in the tables below

CO
en
H.

16

1.

806

China......
India

4,414

Arabia
Afrlea

i'.eV?

82,818
6,849
19,316
9,289
19.380
2,296
13,413
60,8b7
19,373

Central Ameriea...
Boath America..............
Other Ooantries. ............

356
810
65
870
419
488

"i60

"24
320
103
407
1,622

60

no

8,129

226,776

2,607

tOM

eni-«

00 en CO en to

MOcOtaco
coco^oeKaD
»>OO-4C0

»wcnvico
^to'-iooas
r'ento-^f'

M

1,607
1,180

f-

0>0f

116,697
12,951
89,378
9,078
26,240
2,780
11,218
66,222
9,378

C7I

coco

^9W

OOOI
to

»

coco
t-c^

t3
to

toa

o

b
CO

884,624

•J

M
O
< a>
0^
H M
M M
H 1^
o
to

O

1—

1.

l»

Total........... ...... ....

>4l»

OS"-"

Week. Since Jan,
31

1.369

26

Woet Indies...........
Mexico

Ci(3D

*<0

Week. Since Jan.

Oreat Britain................
Other Earopean......

i^oe

**

OBK
«to

1903.

1904.

Nbw York to Nov. 28.

•->

»<

o^kcoos^
toVotooo
--^-J^^06
aco-J>-0

ifk.

CO
c^
;n

^to
en -4
OCO
*.cn
otco
-a«j

H

>^f tOM
MOi«_*00

(0

en

M
M
aaaoeo

OSMM - OJ
eacDoca

5

A.

^^atooiea

1

1

o^O^a

COM

b'M^Mb
-3 00MC0
-J

otb
05 CO

to«i

e^ooxcota

va^^to

'cd'm

«

OCtiO^CO

COM
MOO

atOMooto
0:n.^a^3

entOtocoa

to

M

to
CO

Oswi(»aD.-

t
n

too

I&

en CO

oi^aaa
OCO CD CO 00

Wa> VV.^VtQD

5

00
00

•*.v

COM-J-O

tft^

OSKJ

aoo

MM

enaiF>ocD

en«Jtscoto
40

<3>

^J

^ 00

r,

p

aw oa^

to

SI

o

'-»

CO en

C

H
4
H
H

The value of these New York exports since Jan. 1 has been
$13,583,819 in 1904, against $14,070,985 in 1908.
reduction of }^o. to J^o. in the price of staple prints has
been one of the principal features of the week, but its effect
on other classes of goods was considerably lessened by the
fact that it had been anticipated by certain manufacturers.
Prints also have been among the least fortunate of all goods
of late, and i^the present reduction, therefore, ecaroely came

Mts

a©cocn<D

Mcoatoa

1

*«»

MbocnenM

y

CP~]«»CDl^
ox toaase

^ MS

to
if'

©x«coto

T.

en to

M

Pi

m

A

M
M
>]«0...i^

00
00
CO

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to
OM aMMtOM
~JM ODOSOltoOO

en

toco

oocooaxen

10

K5ce

en

en CD

10
en
to

O

CO
>4

MQQ

ODCM

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-J CO H- 00 00

COlO

-JW
ooo

to to

Ilk

05 1^

coco -Jt0«4

ro
i»

OOCOO— <c

00 to
If'

coco

en CO
'^ CO CO COM
O' to (O to Ilk
COO^CiSCn ^^

ACS
aen
t:«cO

©Men

M
M
M

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OO
CO
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c« Ob *> c" en

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CO en

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30

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CO*

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rj.
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CO

tO(Oi^-a«>'

CDOoci^O
^O -^ cno

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b
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eotooo

a 10 »M wa
a ..a 00 en to
to

9
n

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encocoaM
t0Mh-O«J

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a bo'^-ooceb
a <B7*cDa« i M
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CD

a

co_:;f

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m

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b"*k":j<aVo

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»coto

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CD 00

co_

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«»

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a^i^coo
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i«J»-J

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^^

— —

:.
.

:

Dec.

3,

THE CHRONICLE.

19U4.
|

m^

St^te

^tfmwmr^

City

For One Year, Including

all

:

Supplkmknts

$10 00
6 00
13 00
7 50

For Six Months
Knropean Subsortptlon (Including postage)
nropean Subscription Six Montns (including postage)

The Rail WAT and Industrial Section, Issued quan ^rly. Is furnished
without extra charge to avery annual subscriber of thee ')HMEBOiAii and
Financial Chronicle.

The State and City Section, issued semi-annually, is also furnished
without extra harge to every subscriber of the Chronicle.
The Street Railway Section, issued three times a year. Is likewise
famished without etira charge to every subscriber of the Chronicle.
The Bank and Quotation Secilon, issued monthly, is also furolshed
without extra charge to every subscriber of the (Jhbonicle.

Terms

Adyertising—{Per Inch Space).

of

Three Months (13 times)
Six Months
(26 times)
Twelve Months (52 times) .

Transient matter (each time) $4 20
STANDINO BUSINESS CARDS.
$22 00
Two Months (8 times)

.

.

.

.

$29 00
60 00
87 00

DANA COmPANY, .Publlsbera,

IV'II.LIAI?! B.
Pine Street,

Texas.— PTarrant Ca«.— The State Treasurer on Nov. 19
called for payment all unpaid registered warrants on the general revenue fund up to No. 8869, the amount so called being
$88,702.

*H% gold coupon treasury
June 1, 1905.

Subscription— Payable in Adyance

of

2599

United States of Mexico.— Abfe Call—M. Zamacona, El
Teeerero General de la Federacion, calls for payment Feb. 1,
1905, the following notes

PUBLISHED WEEKLY.
Terms

;

:

corner of Pearl Street,

Index.
An

index to all th© news matter appearing in this Dppart"
for the period from July 2, 1904, to Oct. 8, 1904, inclusive, was published In the Chronicle of Oct. 15, 1904,
pages 1664, 1665, 1666 and 1667.

ment

June 1.

1909,

and Oct.

1,

1903,

and due

coupon treasury notes, dated June 1. 1904. and due June 1, 1806.
Payment will be made in United States gold coin at the

iii% eviiX

&

Speyer
Co,, New York City, or, at the option of
the holder, at Speyer Bros., London, at the fixed rate of |4 85
to the pound sterling.
The official notice if this note call toill be found among
the advertisements elsewhere on page x.
Ward County, Texas. Bonct Redeemed. It is stated that
a $1,000 bond held in the State Permanent School Fund has
been redeemed.
West COTiogtOB, Ky.— Bond Call— Thos. Dods, City Clerk,
called for payment Dec. 1 at the First National Bank of
Covington bonds Nos. 1 to 15, inclusive, issued for the construction of the Covington, West Covington and Ludlow
oflBce of

—

—

highway.

Bond Proposals and Negotiations

NETT YORK. week have been

POST OFFICE Box 958.

notes, dated

this

as follows

Adel, Qta.— Bonds Voted.—The election Nov. 23 resulted in
a vote of 84 to 87 being cast In favor of issuing $10,000 schoolhouse bonds.
Alliance, Ohio.— Bond Sate.— On Nov. 21 the $4,000 4^
storm-sewer bonds dewater -works-extension and $7,000
scribed in V. 79, p. 1978, were awarded to the Alliance Bank
The foilowiog bids were received :
at 100'863.
The Alliance Bank,'Alliance.$11.095 00 NT. W. Harris & Co., Chic... •$11,071 09

H

I

I

News
Golambns, Ga,

*And accrued

items.

Central Trust

&

Safe Dep.Co.*ll,OU 00

interest,

S asongood

& Mayer,

Cincinnati, offered $7,031 75 for the
$4,018 25 for the water-works bonds. W.
Co. of Cincinnati bid $8,915 and interest for the
R. Todd
water- works bonds and $6,860 and Interest for the sewer
bonds.
Ashland, Ohio.— Bond Sale.— Oa Nov. 28 E'zia McConnell
was the succtssful bidder for the $1,000 5% West Walnut
Street bonds and the $2,100 5% Ohio Street bonds described in
V. 79, p. 2107, paying $40 and $80 premium and accrued inBids were also received from W. J.
terest for the same.
Sons, Cleveland, and from the Provident Savings
Hayes
Bank
Trust Co. of Cincinnati.
Ashtabula, Ohio.— Bond Election. The election to vote
on the issuance of $350,000 water-works bonds will be held

Amended Report of Master,— The Master sewer bonds and

in Chanctsry appointed by Judge Newman of the U. 8. Circuit
Court to investigate the matters raised in the suit brought
by the Columbus Water Works Co. against the city, to prevent the building of a municipal water plant, has agreed to
modify somewhat the report which he proposed to make
several weeks ago. The Master will find that the city should
be ordered to buy the available portion of the plant from the
company, but will not fix a specific amount to be paid for the
same, leaving that to be ascertained later. Ic had originally
been proposed to fix $176,663 62 as the amount to be so paid.
See V. 79, p. 2163.

—

KnoxYille, 'Venn.— Case Appealed. An appeal has been
taken by the Knoxville Water Co. from the decision of Judge
Clark handed down on Oct. 8 in the United States District
Court sustaining the city's right to issue $750,000 water
bonds, as authorized at the election held July 9. See V. 79,
p. 1659.

Mlssonrl. Amendmenta Defeated.— Five amendments to
the State Constitution were voted upon and defeated at the
recent election. They were as follows :
Pensions for disabled policemen In

cities

of 100,000 and over.

Vote, 113,513

for and 18H.796 aualnst.
Initiative and refe eodnm.

Vote. H6,74l for and 16o,28l against.
Hor free text boofcs. Vote. IZw.MS for and ll«.7(iO aitatnst.
Rallroadx to turnisib free transportation to mecubera of State LeKislatnre
and State oSlcials. Vote. 89,«^» for and 2()»,910 against.
Creition of fund for new State Hoaae. Vote, Ul,U12 for and 806,822 against.

&

&
&

Jan.

5,

1905,

—

having been postponed from Nov.

28,

the date

originally set.

Astatabnla Township (Ohio) School District- Bond Offering.— Ptoi)os&Ib will be received until 12 M., Dec. 19, by Emory N. Campbell, Clerk Board of Education, for $8,000 i}4%
school bonds. Authority, election held Nov. 8, 1904; also
Section 3992, Revised Statutes of Ohio. Denomination, $500.

Dite, Dec. 16, 1904. Interest, March 15 and Sept. 15 at the
Maturity, $500 yearly on
office of the Township Treasurer.
Sept. 1 from 1905 to 1920, inclusive. Certified check for $600

on a national bank required.
Bajonne, N. J.— Bond Saie.— The Mechanics' Trust Co. of
Baytnne has purchased at 100*123 the $66,000 4i% 20 year poOak Park, ill,— Dtctston Affecting Aasestment Bonds.— lice-station bonds offered without sucoess on Oct. 11.
The followirg is taken from ihe Chicago " Inter-Ocean " of
Beaumont, Texas.— Bonds Voted. At the election on Nov.
Nov. 29, lfi04
22 this city, by a vote of 124 to 47, authorized the issuance of
Affectlnsr many millinns of dollars' worth of bonds iseued for public Im$30,000 5% 20-4G-year (optional) sewerage bonds. Date of

—

provements

Judee Dunue yesterday granted a permanent iDJuncOak Paik property owners reMratnlns the Board of Local
villags from contlnuloK with the pavme of Menommee

In Illinois.

tlon to ceveral

Improvemeuis of the
Street.

The property owners objected

to the assessment,

under the receut

decision of the Supreme Court, and Judge Dunne granted a temporary restraining order several weeks ago.
The village to k an appeal from the decision and the matter will again be

taken before tne Supreme C urt.

The result of this decision, it is declared, will be anxiously awaited by bankers
and capitalists throughout the country for If the decision of Judge Donne is
sustained, it will make the inrge amount of bonds Issued under similar circumstances Illegal and practically worihiess.

Amendment Hot Voted Upon.
by the Secretary of State that the pro-

Yf iReontitu.-Uonstttutional

—We are informed

amendment to Section 1, Article 8, of the State Constitution, was not submitted to a vote at the recent election,

posed

but that in order to meet Constitutional requirements men-

was made in the election notice to the effect that the proposed amendment would come up for action at the next sesalcn of the State Legislature, members of which were to be
voted for at the election. The proposed amendment grants
the State Legislature authority to "provide for a graduated

tion

income tax."

Bond Calls and Redemptions.
Cameron Connty, Texas.— Bonds Redeemed.— Thia county
has redeemed $4,U00 bonds held in the State Permanent
School Fuud.
Ohio County, W. Ya.—Bond CaH.— Charles E. Van Kuren,
President Board of Connty Commissionetrs, called for payment Dec. 1 at the QermHn Bank of Wheeling the following
4^»6 80year(op'iODal) bonds: Nos. 13,161,175,179, 186,
19« and 196, each for |500.

sale not yet determined.

Bellefontalne, Ohio.— Bond Sale.— It is stated that an
issue of $7,600 5% water- works bonds has been sold at par and
interest to the People's National Bank of Bellefont&ine.
Securities are dated Sept. 1, 1904, and wUl mature Sept. 1,
1910.

—

Berkeley, Cal.— Bond Election. At a meeting of the Board
of Trustees held Nov. 14 the Town Attorney was directed to
prepare a resolution calling a special election to vote on the
$100,000 for
question of issuing $272,000 bonds as follows
new town hall, $45,000 for wharf, $40,000 for addition to
high school, $40,000 for fire-department equipment, $20,000
for manual-training equipment, $20,000 for parks and $7,000
for the street department.
Bossier Levee District, La.— Bid* Rejected.-The Levee
Board has rejected all bids received Nov. 8 for the $50,000 5%
40 6('-year (optional) coupon levee bonds describftd in V. 79,
The highest bid was said to have been 105'20, made
p. 1978.
Trust Co. of New Orleans.
by the Qermania Savings Bank
Boston, Mass.— /iond 6'a^ts.— This city has sold at par to
:

&

the Bnilding Comicissioners' Sinking Fund the following
bonds
121.000 S\i% bonds for additional land for Insano hospital, maturing Oct.
86.800 8k» bonds for Chectnut Illll I'ark, maturing Oct.
08,700 Situ laud-purchase bonds, maturing Uot. 1, IHM,

1,

1,

193«.

Bonds are all dated Nov. 10, 1904.
Brady (Texas) School District.- Bond* Registered.— The
State Comptroller on Nov. 28 registered an issue of $18,000
4% 6 40 year
1904.

(optional) school-house bonds,

dated July

15,

—
—

—

THE CHRONICLE.

2600

—

"^Bucyrup, Ohio.— Burada Re awarded, The City Council on
Nov. 26 rescinded the award made Nov. 6 of |1 5,000 5^ firedepartment bonds to P. 8. Brigga & Co. of Cincinnati for
$16,052 and interett atd re-awarded the bonds to the Buoyrua
City Bank at the eanae price. The reason given in local papers for this action was that the Cincinnati firm demanded
the delivery of the bonds to them in that city In&tead of in

[Vol. Lxxix.

Dotlian, Ala.—Bonda Not Yet Sold.-We are advleed that
the $20,000 !i% paving, water and light bonds which this city
has been offoring for sale have not yet been disposed of.
Dublin, Wa. -Bond «o/e.— On Nov. 26 the $45,000 5^ improvement bonds described in V. 79, p. 2165, were awarded
to the Robineon-Humphrey Co., Atlanta, at 106"468 and interest.
Following are the bids
Bobinson-Humphrey Co.,At^"asoneood k MaTer.r!incln.$4e.*70 60
lanta
$47,91100 W. G. Solomon & Co.. Macon. 4-*, 048 00
John W. Dickey, Augusta ... 47,8«8 50 John Nuveen A Co.. Chicago, 48,010 00
Troworidge* Nlver<;o..Chlo. 47,3C6 00 W.J. Hayes * Sons. Cleve... 4B.900 00
:

Bnoyrue.
Buffalo, N. Y.-Bond Issue.— The issuance of $3,148 25 9}4i
judgment bonds has been authorized. Date of loan, Nov. 28,
47.250 00
KleybolteACo.. Cincln... 45,900 00
Maturity, July 1, 1905. These bonds are to be taken R Kleybolte* Co.. Cinc'.n... 47.200 00 A. A. Kean, Chicago
1904.
K.M.StalIord4Co.,Chat'n'ga.
S.
45,270 00
46,80100
at par by the Western New York & Pennsylvania RR. grade C. U. Cotnn, Chicago
croFsing sinking fund as an investment.
East Toronto, Ont.— Debenture O^eriwgr— Proposals will
Buras Levee DlBtrict, Lb.—Bond Exchange Fropoted — be received until Dec. 7 by W. H. Clay, East Toronto, for
The following resolution relative to bonds of this district was $55,000 5% water debentures, maturing part yearly for thirty
passed by the Board of Commissioners recently
years.
Besolved, That the President of this Board be instructed to confer with the
Elyria, Ohio.-Bond Eleetion.—The City Council has
(resent holders of the tea and twenty-year 8* bonds of this board. aBRreeatpassed a resolution to submit to a vote oi the people on Feb.
fng $36. ou, and ascertain on wbat basis an ezcbanKe could be effected for
forty-fifty-year 5* constitutional bonds, to be issued by the Buras Levee
10 the question of issuing $50,000 water-works-improvement
Board
Resolved, That the attorney of the board be instructed to propose for sub- bonds.
mission at the next meeting the necessary resolution to authorize the Issuance
Emporia, Va.— BoTid Sate.— The $80,000 bi water, street
of 185,000 of forty fifty year 5* coi stltuclonal bonds for the purpose of reand sewer bonds offered without success on 8-»pt. 1 have been
funding the outstanding bonds of the Buras Levee District.
Caddo Coauty School District No. 160, Okla.— .Bonds sold to S. A. Kean of Cnicago at par. See V. 79, p. 799, for
I

|

I

1

:

Registered,— Oa. Nov. 19 |2,400 bonds of this district were
registered by the Territoriiil Auditor.
Caldwell Coanty (P. 0. Lockhart), Texas.—Bond SaZcThe $14,000 road and bridge bonds described in V. 79, p.
1353, have been sold to the State of Texas at par and interest
for 5 per cents. These securities were accepted by the Board
of Education several weeks ago, but because of an error in
the bonds, discovered when presented to the Bond Clerk in
the office of the State Comptroller, the eale was not consum
until Nov. 21.
C&noD, ^a.— Bonds Not Sold— Bond Offering.— No bids
were received on Nov. 18 for the $5,000 5^ coupon schoolbuilding bonds described in V. 79, p. 1729. The securities
are now being offered at private sale as six per cents. Addrees Dr. A. N. Bowers, Mayor.
Center, Ten.— Bonds Register ed.-Street-improyement and
water-works bonds to the amount of $6,000, carrying 5% interest, were registered by the State Comptroller on Nov. 25.
Bonds are dated Aug. 1, 1904, and will mature in 40 years,

mated

subject to call after 20 years.
Champaign County, 111.— Bond Sale.— Oa Nov. 30 $13,180
5% ditch bonds were awarded to A. F. Vance Jr. for |13,272.

Denominations, series of six bonds of $170, $340, $400, $270,
$110, $110, $110, $270 each, and ten bonds of $250 each. Date,
Dcc. 1, 1904. Interest, June 1 and Dec. 1. Maturity, one
bond of each series each six months beginning June 1, 1905.
Cincinnati, Ohio.— Bonds Authorized.— The City Council
14 passed an ordinance for the ISEuance of |15,GC0 4^
free-public-library bonds. Denomination, $600. Date, Jan. 1,
Interest semi-annually at the American Exchange Na1905.
tional Bank, New York City, Maturity, Jan. 1, 1935.
Cltburne, Texas. —Bond iftaie. We are advised that this
city has sold the $25,000 5% 10-40-year (optional) street,
bridge and fire-department bonds described in V, 79. p. 1853,
Niver Co. of
as follows : $20,000 bonds to Trowbridge
Chicago and $5, COO bonds to the Commissioners of Johnson
County, the price paid being 10a'4O and interest.
Colchesiter Sooth Towastiip (F. 0. Harrow), Essex Co.,
Ont. Debenture Oiferiwgr.- Proposals will be received until
to-day (Ddc. 3j by James H, Brown, Treasurer, for $11,265 40
5, per cent drainage debentures, maturing part yearly for ten

on Nov.

—

&

years.

Colorado.— Certi^ca<e ScfZe.— We are informed that J. M.
of Chicago has purchased $75,000 4| certificates of
Indebtedness issued by the State of Colorado to meet expenses
of the State militia on account of the recent labor troubles
in tbat State. Thtse certificates will be paid either from the
general fund, by special tax or by the issuance of bonds, as
may be determined by the next State Legislature, which will
convene in January, 1905. Mr. Holmes is offering these cer-

Holmes

tificates for sale.

Cookeville, Tenn.— Bond Election,— A.n election will be
held Dec. 17 to vote on the question of issuing $25,000 streetimprovement bonds.
Cornnail (N. ¥.) Union Free School District No. 5.—
Bond 6ate.— On Dec. 1 this district sold $28,000 4l% 1-20-year
(aerial) coupons to leaac W. Sherrill of Poughkeepsie for
$28,679 6U. Date, Nov. 1, 1904. Denomination, $1,4U0, Interest annually on Nov. 1.

Cranston, R. I.— Bond O^eriwg,— Prop asals

will

be

re-

ceived until 3 p. M., Dec. 7, by Datiiel D. Waterman, Town
Clerk, for $50,000 4% 40-year gold bonds. Date, Jan. 1, 1905.
Denomination, $1,0J0. Interest, semiannual. Ettier coupon or registered bonds will be issued and coupon bonds
may at any time thereafter be converted into registered
bonds at the option of the holder. The principal and interest of coupon bonds will be payable at the office of the Town
Treasurer. Interest on registered bonds will be transmitted

by mail

if

desired.

Cnero, Texas.- Bond Sa/«.— The State Board of Education
has purchased at par the $1,900 5j6 10 40 year (optional) waterworks-improvement bonds registered by the State Comptroller on Nov. 16.
Dallas, Texas.— Bond SaZe.— We are just advised that this
city has sold the $50,000 4% 15-40 year (optional) Ninth Ward
publio-improvemeut bands mentioned in V. 79, p. 620, to the
"Woodmen of the World" at par and accrued interest. Dite,
Jan, 1, 1904. Denomination, $1,000. Interest, semi-annual.

description of bonds.

Fa.— Bond

Emsfvorth (Borough),

O/Tering.- Proposals

will be received at any time by the Finance Committee of
this borough for $14,000 street-assessment bonds. Date,
Dec. 1, 1904. Dencmination, $^00. Interest, not exceeding
5i, annually at the Fifth National Bank of Pittsburgh, Pa.
Maturity, $500 yearly on Dec. 1 from 19D6 to 1933, inclusive.
Authority, Act of Assembly of the Commonwealth of Pennsylvania approved April 20, 1874, and the various supplements therero. Communications may be addressed to
P. Kuipers, Beaver Avenue, Emsworth P.
Pittsburgh.
,
Faimoath, Ky. Bond Offering. Proposals will be received
until 12 M., December 12 (postponed from November 28) by
W. E. Wilson, City Clerk, for $2,500 5% water-works improvement bonds. Denomination, $500. Maturity, $5 '0 yearly
from 1908 to 1912, inclusive. Authority, vote of 208 for to
28 against at the election held on the 8th of November.
Fort Atkinson, Wis.— Bonds '/)e/eafed.— This city has
voted against a proposition to issue $5,000 engine-houae

Wm.

O

—

bonds.
(Gainesville, Texas.— Bonds Registered and Sold,— On Nov.
26 an issue of $25,000 5% 10 40-year (optional) city-hall bonds
was registered by the State Comptroller. Securities are

dated Nov. 1, 1904. These bonds were awarded last October
to the City Loan
Trust Co. of Chicago.
Gallon, Ohio. Bond Offering,— Ptot^ob&Is will be received
until 12 M Ddc. 19, by J. O. Ross, City Auditor, for $4,500
4:}4% steam fire engine bonds. Ddnominations, twenty of $100
and ten of $s250 each. Date, July 1, 1904. Interest annually
at office of City Treesurer. Maturity, $450 yearly on July 1
from 1905 to 1914, inclusive. Certified check for \Q% of the
amount of bends bid for, payable to the City Treasurer, required. Accrued interest to be paid by purchaser.
Gloncester, N. J .—Ttmporary Loan.— This city has borrowe'd $13,000 temporarily from the Security Trust Co. of
Camden in anticipation of the collect'on of taxes. Loan carries 6% interest and will mature Jan, 4, 1905.
Goshen, N. Y.— Ba^e of Interest. — We are informed that the

&

,

&

Sons of Cleveland
rate of interest on which W. J. Hayes
based their bid for the $10,000 water bonds awarded to them
on Nov. 16 was 4?;, the price paid being 101. This sale was
reported on page 2485 of last week's CHRO^'ICLE
Great Falls School District No. 1, Cascade County, Mont.
-Refunding Bonds Froposed.— The School Trustees are considering the question of issuing bonds to take up the $90,000
six per cents bubject to call March 1. 1905.
Harrisharg, Pa.— Bond Election Proposed. An ordinance
is pending in the City Councils providing for the submission
of the question of issuing $100,000 sewer extension and $100,000 paving- Intersection and asseesment bonds to a vote of the
people at the spring election next February.
flarre de Grace, M.d.— Bids.— The following bids were received Dec. 1 for the f20,00J d% 10-30- year coupon sewer bonds
described in V. 79, p. 2223
w. J. Hayes Sc Sons, Cleveland.lOS'OO
Baker. Watts * Co.. Baltimore lOO'OO
Hamoleion & Co., Baltimore .,104-385 Townsend Scott A Co., Balto...l02-06

—

:

I

Westminster Dep.

Co., We8t'er.l04-0}{

|

Actioa on bida will be taken by the City Council on Monday next.
flerkimer, N. T. -Bonds] Foied.—The election Nov. 26 resulted in a vote of 104 to 99 being cast in favor of issuing
$8,000 city-hall completion bonds. Details of issue and date
of sale not yet determined.
JeiTergon County, Ohio.-Bond Sale.—Oa Nov. 26 the
$4,000 5i Neel Free Turnpike bonds described in V. 79, p.

were awarded to Wm. Huston at 104*10 and interest.
Following are the bids
210^,

:

Wm. Huston

•$4,164 00

1

Security Sav Bank, Clncln....*4,10i tO

Thomas Johnson

•i.lul 00

I

•f4,10l 00
Chas.MoKlnney
W, J. Hayes « oons. Cleve....*4.066 00
Lamprecht Bros. * Co..Cleve.*4,017 00

And accrued Interest.
KenifSha, Wis.— A'b Bonds to be lisued.—The City Council
has decided not to issue the $25,000 school-building bonds
mentioned in V. 79, p. 749, but will raise the money by taxa•

tion.

Kittanniug, Armstrong^ Coanty, Pa.—Bond Offering,—
Proposals will be received until 7:30 P. M., DdC. 5, by E. 8.
Hutchison, Borough Treasurer, for $10,000 4jr improvement
bonds. Securities are dated Nov. 1, 1904. Interest, semi-

—

J

Dec.

3,

—

THE CHRONICLE.

1904.

2601

Lapurte, ln<L.—Bond Sale. According to the Indianapolis
" News," this plaoe has sold an issue of |30,000 i% 15-year
funding bonds to E, D. Bush & Co. of Indianapolis for $30,775.
Larimer < oanty, Colo. Bonds Defeated.— Thia county at
the recent general election defeated a proposition to issue

Marion, Ohlo.—Bid«,— Following are the bids received
Nov. 21 for the $54,000 di sewage-disposal bonds awarded, as
stated last week, to N. W. Harris & Co. of Chicago :
N.W. Harris 4 Co., Chloaeo.. $53,470 00 Cincinnati Trust Co.. Clncin. $58,100 00
Seasoneood 4 Mayer. ClDCin. &8.3-'4 CO W.K.Todd 4 Co.,ClnrliinaU.. 58,000 00
Dnion Sav. B'k 4 Tr. Co..Cin. 58,3^1 tO R. Kley bolte 4 Co., Clncin.
57,916 00
New 1st Nat. B'k, Columbus. 68,383 00 W J. Hayes 4 Sons. Cleve... 57,87100
Prov. Sav. B'k 4 Tr. Co.. Cln. 68.3u0 00 Denlson, Prior 4 Co., CleveThird Nat. Bank, Cincinnati. 68,328 uo
land and Boston
57,780 60
58,2r6 00 A. Kleyoolte 4 Co.. Clncin... 67,645 OO
Well, Roth & Co., Clncin
Security Sav. Bank & Tr. Co. 5«,285 00 S. Kuhn & Sons, Clncin
57,240 00
68,26 00 Fuller, Parsons 4 Snyder,
Spitzer 4 Co.. Toledo
Hayden, Miller 4 Co., Cleve. 58,239 oo
Cleveland
57,186 00
Lamprecht Bros. 4 Co.. Clev. (8,233 60 8. A, Kean, Chicago
66,080 OO
Bond Sale.- On Nov. 30 the $5,800 5% sewer and the $8,500
5% sidewalk bonds described in V. 79, p. 2324, were awarded
to Weil, Roth & Co., Cincinnati, for $5,377 77 and $6,638 50,
respectively, and the $3,900 4^ Davids Street improvement
bonds described in V. 79, p. 2166, were awarded to Albert
Klpybolte & Co., Cincinnati, for $8,910. Following are the

$50,000 bridge bonds.

bids:

Maturity, thirty years, subject to call after twenty

annaal.
years.

Lakewood, Ohio,— Bond Election Ordered,—The Village
Council has decided to call an election to vote on the question of iesuing $85,000 fire-department bond?.
Lancaster, Ohio.— Bond Sale.— Oa Nov. 26 the $3,500 5i
Chestnut Street openinpr bonds described In V. 79, p. 1979,
were awarded toH. B, Peters, Lancaster, at 104"10 and inFollowing are the bids
terest.
t8,e02 60 W.R.Todd&Co.. Cincinnati.. $2,671 00
H. B. Peters, lancaster
:

I

Hooking Valley

PrOT. Sav. B'k

Nat. Bank,
2,600 00

Lancaster

4 Tr. Co.. Cln..

8,647 5)

1

—

Lafvrence, N. Y.— Bond Sale.— Oa Nov. 28 the $10,000
street-Improvement bonds described in V. 79, p. 2234, were
awarded to Geo. M. Hahn, New York, at lOI'OS and interest
for 4 per cents.
LitTvrence Connty, loA.-Bond Offering, Proposals will
be received until 2 p. M., Die. 7, by Walter G. Owens, County
Auditor, for the following gravel-road bonds :

—

$680 bonds of Fllnn Township of $55 ach, '' payable annually."
4,600 bonds of linn Township of $116 each, "parable semi annnally."
1,366 bonds of Snaifswick Township of flSb 50 each, " payable annually."
1<

Securities are dated Occ. 15, 1904. ^ UCash or certified check,
payable to the County Treasurer, for di of bid required.
Lewis Donnty, Wash.— Bond Sale On Nov. ^6 the $10,000 10-20 year (optional) refunding bonds described in V. 79,
p. 1980, were awarded to N. W. Harris & Co. of Chicago at
102*27, accrued interest and blank bonds for 4J^ per c«nts.
Liberty Center, Ohio.— Bond Saie.-The $9,500 5t 1 10year (serial) coupon East Street improvement bonds ofifered
on Nov. 15 have been awarded to the Provident Savings
Bank & Trust Co. of Cincinnati at 102*787 and interest. See
V. 79, p. 1661, for description of bonds.
Lima, {)b\o.— Sinking Fund Sells Bonds.—The Sinking
Fund Trustees on Nov. 28 sold to N. W. Harris & Co. of
Chicago $10,000 4*^^ funding bonds held in the fund as an
investment. The price paid for the bonds was $10,078 75.
Bends .Pvrchasea.—The Sinking Fund Trusters on Nov. 28
purchased as an investment $6,043 South Pine Street improvement bonds.
Los Angeles, Cal.— Bonds Proposed. The Board of Education is considering the Issuance of bonds aggregating $155,000
for numerous school buildings and other school purposes.
LonlBTlUe, Kj.— Temporary Loan.— Thia city has borrowed an additional $100,t00 from the Southern National Bank
at 5%, making $380,000 which has bean borrowed of the $400,000 loan authorized to meet the expenses of the government
until taxes are oollectible. Loan will be repaid in January.
Lucas County (P. 0. Toledo), Ohio.— Bond tfaie.— On Nov.
29 the $82,341 55 d% county ditch bonds described in V. 79, p,
2224, were awarded to the Security Trust Co. of Toledo fur
$33,106 55. Following are the bids

—

—

:

Security

Premium.

Tmst

Lamprecht

JPremium
Newlst Nat.Bk., Columbus
$676 65
W J. Hayes & Sons, Cleveland. 675 00

Co., Toledo
$766 00
Bros. Co.. Cleveland. 714 76

Merchants' & Clerks' Sav. Biuk,
Toledo
Toledo Bond Co
Weil, Roth* Co.. Clncin
eeasonitood & Mayer, Clnoin....

Merchants' Nat. Bank, Toledo..
692 00 Prov. Sav. Bk. 4 Tr. Co.. Cln....
B76 00 Merch. Bav. Bank, Toledo
697 CO Union Sav. Bank, Toledo
677 70 Dollar Sav. Bk. & Tr. Co., Toledo.
676 00 A. Kleyboltc 4 Co.. Cincinnati..

567 97

46100
436 6i
4S1 oo
383 8.i
340 Oo

I

I

. .

i

|

j

1

$5,300

$«.50O

Lamprecht Bros. 4 Co.. Cleveland
SeasonKOOd 4 Mayer, Cincinnati

$3,900

B 'nds.

f%

5% hOTUlS.
$5,87 7 77
Well. Roth & Co., Cincinnati
Albert Kleyboite 4,Co., Cincinnati.... 5.884 OO
Provident Sav. Bk. 4 Tr. Co., Cincin... 6,-69 20
5,368 00
W.J. Hayes 4 Sons. Cleveland

i% Bonds.

$6,638 50
6,691 00

$3,9l6do

6,615 25
6.638 OU

-$11,936 46
$16,777 76-

"-

'

^

—

Martins Ferry, Ohio. Bonds Authorized. This city has
authorized the issuance of $3,000 5% Z me Street sewer coupon bonds. Date, Nov. 15, 1904. Denomination, $500. Interest semi-annually at the ofifice of the City Treasurer. Maturity, $500 yearly on March 1 from 1905 to 1910, inclusive.
Miami County, Ohio.— Description of Bonds.— Oa. Nov. 11,
as stated last week, this county sold $42,400 5<g ditch-Improvement bonds to the Piqua National Bank at lOl'llG.
Bonds are as follows
:

McNeal ditch bonds. Maturity, two bonds ($200 'each) Jan. 1, 1805
and one bond ($SiO) each six months thereafter.
3,600 5% Scartt ditch bonds. Maturity, two bonds ($200 each) Jan. 1 and also
July 1, 1905, and one bond ($300) each six months thereafter.
3,600 b% Meyers joint ditch bonds. Maturity, one bond ($300) Jan. 1, 1905, and
two bonds ($200 each) each six mvinths thereafter.
600 5% Patty ditch bonds. Maturity, one bond (t2tO) Jan. 1, 1906, and one
bond ($100) each six months thereafter.
600 b% McCampbell ditch bonds. Maturity, one bond ($100) each six months,

$2,800 b%

begiunlntr Jan. 1, 19U6.
Neth ditch bonds. Maturity, one bond (1600) on Jan. 1, 1906, on
Julyl, 190S, and on Jan. 1, 1906; two bonds ($200 each) each six
mmths, beginninK July 1, 1906.
too b% Hecker ditch boada. Maturity, one bond of $100 each six months,

4,800

6!C

beemalng Jan. 1. iy05.
Dowler ditch bonds. Maturity, one bond of $500 and one bond of
1. 1905; one bond of $500, one of $300 and one of $100 each
six mouths thereifter.
6C0 5S Reese joint ditch bonds. Maturity, one bond of $200 Jan. 1, 1906, and
one bond of tlO each six months thereafter.
400 b% Milton ditch bonds. Maturity, one bond of $100 each six months,

5,800

556

$300 Jan

>

beginning July

1,

1906.

Date of bonds, July

1,

Interest semi-annually at the

1904,

County Treasurer.
Milwaukee, Yii%.— Future Bond Issues.—The Finance Com-

oflBce of the

mittee of the City Council has decided to report favorably
on b^nds to be issued in 1905 as follows
:

Park fund
Street improvement
Westsewerage
South sewerage
Eastsewerage

$190,000
200,000
100,000
60.000
3J,000

1

Isolation Hospital

|

Lighting plant

i

$5').000

One school house
Twenty-seventh

St.

Viaduct.

I

Total

$1,200,000

The committee

also

for 1906 as follows
First Avenue Viaduct

made a

tentative report on

bond

issues

:

$250,000 Parks
Twenty-seventh St. Viaduct., loo.ooo Sewers
Straighten'gKlnnlckiQnlcRiv. 80,000 School
Kinnlcklnnlc Ave Bridge
125,000 Fire department

$75,000
176,000
80,000
96,000

I

I

I

Street

400,030
80,000
100,000

improvement

800,000

Total

$1,180,000

4 Co., Toledo
Montgomery County (P. 0. Dajton), Ohio.— Bond O^erLudlow, Kj,—Bond Sale.-The $33,000 i% refunding bonds tn^.— Proposals will be received until 12 M. to-day (Dae. 3),
authorized by the City Council on Nov. 10 have been sold to by T. J. Kauffman, County Auditor, for $3,500 i% Routsong
the First National Bank of Ludlow at par and interest. De- ditch bonds. Interest semi-annually at the ofi&ce of the
nominations, fifty bonds of $100 each and fifty-six of $500 County Treasurer. Maturity, one bond of $1,000 yearly on
each.
Dite, Dec. 15, 1904. Interest, semi-annual. Maturity, March 1 from 1906 to 1908, inclusive, and one bond of $500
Bpltier

Dec.

March

15, 1924.

Lynch, B<»jd Connty, Neb.— Bond Sale.— We are advised
that this village has sold $8,000 6% 20-year water-works bonds
to Cbas. S. Kidder & Co. of Chicago for $7,841 25, Date,
Sept. 23, 1903.
Dduomination, $500. Interest, semi-annual.
Mabauk (Texus) School Disirict.— Price Paid for Bonds,
We are further advised that the $8,000
refuoding and
building bonds mentioned in last week's Chronicle as having been sold to Henderson County, Texas, were awarded at

H

par.

Maiden, Mass,— Bond Saie.— According to the "Boston
Newp Bureau," the $10,000 S}4i 80-year sewer and the $30,000 5}4% 80-year surlace-drainage bonds described in V. 79,
248.5, were awarded to Estabrook
Co. of Boston at
102 26. The $8 000 3}4i 1-8-year (serial) Faulhner School
and the $3 000 8>^« 1 3-year (serial) portable- school bonds
ofifered at the same time were not awarded, bat were subseqnently disposed of to the Maiden Savings Bank at 100 26
and par, respectively. The following bids were received

&

p.

:

For the $80.0U0

5«tabrook4

Co., Boston
102 26
Blodftet, Merrltt 4 Co., Boston. lorso
R.L. Day
Co.. Boston
101-430

4

For

& Co.

I

1

Bonds.

101-883
Kountze Bros., New York
w. j. Hayes 4 Sons, Boston.. ..100-8x6
Adams 4 Co., Boston
10069

the Entire $41,000 Offered.

R. L. Day 4 Co.. Boston
101*07
H. H. Hulllns 4 Sons, Boston... I(i0"97;
Jackson 4 Curtis, Boston.
lOO'HO

R. L. Day

80-j/ear

I

Geo. A. Kernald 4 Co., Bo8ton..l00-76
100'60
Blake Bros. 4 Co., Boston

|

of Boston also ofifered par for the $11,000

short- term bonds.

Manittfe County, Mich.— Bonds Voted.—The vote at the
election Nov, Son the $30,000 bridge-bond proposition was
2,881 to 1,461 in favor of the issue.
Nothing further can be
done towards authorizing these bonds, we are'informed, until
the meeting of the Supervisors on Jan. 2, 1905.

1,

1909.

Maskingam County (P.

0. ZanesTlUe), Ohio.— Bond Sale
to local papers this county on
Nov. 18 awarded to P. S. Brlggs
Co. of Cincinnati at private sale an issue of $55 500 ij^l funding bonds.
suit has
been instituted by C. M, Ludmay, a taxpayer, asking that
the County Commissioners be restrained from delivering
these bonds on the ground that the sale was not advertised,
and therefore irregular.
NBCodocheg,iTexa8.— Bonds Voted.— Oa Nov, 22 the $50,000 6% 20-40-year (optional) water-works and sewer bonds
were authorized by a vote of 137 in favor of to 123 against,
Dite of sale not yet determined.
New London, Conn.— Bonrfs Propoaei. —Arrangements are
being made, according to reports, to refund the $100,000 7*
bonds which mature Jan. 1, 1905.
New Orleans, La.— Bond.s to be Offered Shortly,— Acoording to local papers, the Dock Board will off :)r about the first
of the year $500,000 of the proposed issue of $2,COO,000 bonds
mentioned in the Chroncile Aug. 6
Newport Beach School District, Cal.— Bond Sale.— Oa
Nov. 1 an issue of $5,000 6^ school-house bonds was sold to
the Adame-Philllps Co. of Los Angeles, at par. Denomina-

-Litigation.

tion,

$1,000.

— According

Interest,

&

June and December.

A

Maturity,

$1,000 yearly from 1906 to 1910, inclusivp.
New York (Jtj.- Listed.— The $25,000 000 8^4% corporate
stock of New York City, awarded last week to William Salomon
Co., Lazard Freres, and others, has been listed on the
New York Stock Exchange.
large block of these bonds is
being offered for sale by these bankers in connection with
others, as will be seen from the advertisement on page xll.

&

A

Nei Perce, Idaho.— Bond O/ering.— Proposals will be received at any time by P. W. Mitchell, Village Clerk, for

—
2602

TR\L CHRONICLE.

$5,000 gold fnndiDg bonds matnrlDg in 1916. Bonded debt,
tbiB ifsne. ABi-t88ed vslnation 1904, $145 OOO.
North Touuwanda, W. Y.— Bo7id Election Proposed.— The
qnestlon of boldln^ an election to vote on tbe )fsu»nce of
160,000 sewer and market bonds ie being considered.
are
informed, bowever, tbat notblng bas as yet been done in tbe

We

matter,

Norwich (Town), Conn.— Bond O^erinsr.— Propoeala will
be received until 12 M,, D^c. 15, by Cnarles S. Holbrook. City
Treasurer, for $117,(iOU SJ;^* refunding court-houae gold coupon bonda, Ddte, Jan. >J, 1905. Djnomination, $1,000. Inthreat semi-aaDUiliy at tbe ofiBce of tbe T.^wn Treasurer.
Maturity, Jan. 2, 1925. Bonds are exempt from all taxes
and are isautd pursuant to the General S*:atnte8 of Connecticut, Section 1932. Certified obeck for $1,0)0, payable
to Charles S. Holbrook, Town Treasurer, required.
Inquiries in regard to these bonds should be addressed to Arthur D, Lathrop, First Salectman, Norwich, Conn.

Nymore, Beitrami County, Minn.— Bond Offering,— Ptopoeals will be received until 7 p. M , Dec. 6, by Leon Clark,
Village Recorder, fcr $4,0C0 6% gold coupon fire-proteotion
bonde. Denomination, |500. Date, Dec. 1, 1904. Interest,
Jan and July at the Chase National Bank, New York City,
Maturity, $&00 yearly, beginning two years alter date.
Bonded debt, this issue; fl:ating debt, $932. Assessed valuation 1904, $52 190. Bonds are tax exempt.
Omaha, Neb. Eond Saic— Ace- r ding to local papers this
city on Nov. 25 awarded to J. L. Brand eis
Sons of Omaha
an issue of $20,000 4<f; 1-10-year (terial) North Sixteenth Street
paving bonds, dated Dec. 1, 1904.
Oraiiige (Town), Vonn.— Bond O^erinj?.—-Proposals will be
received until
Dec. 15, by Walter A. Mam, First Selectman, P. O. West Haven, for ?20O OGO i% gold funding
bonds. Denomination, $1,000. Date, Jan. 1, 1905. Interest
Bemi-auEually at tbe National Tradesmen'd Bank of New
Haven. Maturity, Jan. 1, 1925. Bonded debt, including
this issue. $300,000. Certified check for $500, payable to
James C. Hyde, Treasurer, required.
Oraugevliie, Oat.— Debenture Oj^ermfir— Proposals will be
received until 7 p. m., Dec. 5, by A. A. Hughson, Town Clerk,
tor $15,000 i}4% debentures maturing part yearly for fifteen
yesre.

&

3pm,

NEW
SU

FFI ELD, CONN.,

Regittered Town Bonds.
The Town Bond Committee of the Town of

Snf-

State 01 Cnneclifiiit, will receive sealed bids
imtll Ueoember 15th, J904, at noon, for the whole or
any pait of t42,50u 4j Registered Town Bonds, said
bonds heme issued for tne purpose of paying the
floaiinu indebtednesis of the town, no other bonds or
Indebieoness ouislauding. Graud list October. 1904,
ti.biiu.i'Oij on
two-thirds valuation.
Population,

•(

BlS^B^I..Cbairman
Conn.

('.

Snffleld,

MUNICIPAL
Service

We

are informed
Faterson, N. J.— Bonds to be Issued.—
that this city will issue after Jan. 1 $40,000 refunding and
$54,000 school bonds.
Paulding, Ohio.— Bond S'aZc— The $6,115 4^* debt-extension bonds described in V. 69, p, 1662, b^ve been awarded to
Co. of Cincinnavi at 103 697.
Weil, Roth
Pearl River County (P. 0. Foplarvilie, Mlsi.— Bonda Authorized.— This county has aulhorjzed the isfcuance of bonds

&

highway improvements.
Minn.— Bonds Not Yet So/d.— According to our advices, no sale has yet been made of the $2,700 ro«d and bridge
bonds offered wiihout success on Oct. 8. See V. 79, p. 1356,
for

Pliny,

for description of bonds.

Portagp, Ohio.— Bond O^ermg,— Proposals will be received
until 12 M., Dec. 22, by C, E. Bartlett, Village Clerk, for
$6,700 5)8 coupon street-improvement bonds. Denomination,
Date, Jan, 1, 1905. Interest, March and Septembsr,
$500.
In Portage. Maturity, $500 yearly on Sept. 1 from 1906 to
1915, inclusive; $500 on Sept. 1 of the years 1913 and 1914,
and $700 Sept. 1, 1915. Either cash or certified check tor

BOND DEPARTMENT.

This bank wishes

negotiate for
and corpora-

to

tion bonds.

Bond Department.

169 Jackson Boulevard, Chicago.

Offers

NEW YORK

CITY

fielding investors i% to 5>^^.

3%

TAX EXEMPT BONDS.

T.W.STEPHENS & CO,

Fo

R.

2 Wall Street,

DENISON. PRIOR & OO
P08T0N.

Blodget, Merritt

&

CHICAGO.
MacDonald, McCoy

Rudolph Kleybolte&Ca
BANKERS,

BANKERS,

STATE. CITY & RAILROAD BOND!*

BONDS sfggK CERTIFICATES
Handsomely erftrHVed;
Also
steel plate effect.

1

BONDS.
NASSAU STREET, NEW

Trowbridge& Niver

— eleganu Seal Press, If with ('prtiticates. tl 50.
ALBEKT B. KINO & CO., 106 William St., N. Y.
Bngtavere and Llthoeraphers.

(Telephone.)

Co.

MUNICIPAL AND PUBLIC SERVICE

BONDS,
CHICAGO,
Bank Bldg.

iBt Nat.

Oo.,

CORPORATIOS

Street, CblcagrOi

Estabitshrd Xt*Hi.

159 La Salle

Interest Paid on Daily arc! TInr.e Deposits.

tbecheaoer kind, partly lithographed and partly
printed from type. 100 Stock Certlticutes, »,S to
$25; the latter eiwravcd with steel-plaie borders

La Salle

H. C. Speer

YORK,

&

BONDS.

MUNICIPAL, RAILROAD and

STREET RAILWAY

AMD

tUHICIPAL

V71

DBAUERS IN

Co.,

16 Congress Street, Bostcn.
3« HAHSAU STREET. MBW TORK.

FULTON & CO., \

York.

BOMDE.

LIST.

CLEVELAND.

New

upon

Municipal Bonds,
171 LA SALLE STREET,

San Francieco.

mVESTMENT

and prices
application.

list*

and 3]/^%

OorporatioD

Chieasro.

Municipal and Cor-

Railroad,

Printed

BOSTON.

Illinois.

poration Bonds, conservatively issued,

E.H.ROLLINS & SONS,

SEND FOR

Chicago,

Royal Insurance' Building,

BONDS.

Denver.

THE AMEEIOAN TEUST
& SAYINaS BANK,

Royal Trust Company,

AMD
Public

110,964 96 ihii local-lmproTement debentorei. matnrlog part yearlf for twentr
years.
2.600 00 *H1i electrlc-HKht-lmproTemeDt debentares, matnrlng part yearly
for twenty years.
1,200 00 i^f library debectnret, maturing part yearly for ten years.

INVESTMENTS.

May

CUAKLE

&

BONDS WANTED.

B.500. Bonds dated
Denomination,
1st, 1H05.
$2,61)0 eacn. payable HS lolluws, VIZ.: 12,600 May Ist.
ly 6, and like amount May 1st of each sacctseding
year, last bond aae May Ist. 1»22.
The ngbt is reserved to reject any or all bids.

Town Bond Committee,

We

entire issues of municipal

fleid.

•'ddrets bids to

Uawexo, N. Y.— Bond Electton.—Vf ** xre advised tljat the
election referred to in last week's Chronicle, p. 5!4e6, will be
held Dec. 22. when the people will vote nn the qoestion of
leeuing $200 000 bonds for a lake- water hyst^o.
Ottana, FraniillB County, Kan.— Bond Sale.—
are advised that the $40,000 5% 1-10-year (sf-rlal) general-improvement bonds offered on November 2 have been sold. The
name of the purchaser and the price paid have not as yet
been jmade public. See V. 79, p. 1858, for description of
bonds.
Owensboro, Ky.— Bond Sale.-The $200 000 water bordg
voted in November, 1900, were sold on Nov. 29 to Ru iolph
Kleybolte
Co. of Cincinnati at par and intereet. Taese
bonds have been the eubject of much litieatlon, but decisions
were all in favor of tbe legality of the iseue.
Falmerston, Ont.— Debenture Offering —Proposals will be
received until 8 p. m., Dec. 12, by H. Hyndman Jr., Town
Clerk, for the following debentures :

INVESTMENTS.

LOANS.

4:%

«f

Vol. Lxxix,

CITY

& Company
St.,

Chicago.

BONDS.

COUNTY

AND TOWNSHIP —

T. B. POTTER,
MUNICIPAL and DOKinQ
O^^I^LI^i

CORPORATION

172 WaBhiBgton Street,
BOSTON,

60 State

Street.

CHICAGO,
I.18T

-

-

-

ON APPLICATION.

nxA.

I

—
Dec,

—

1

.

THE CHRONICLE.

1904.

3,

f 500, payable to the Village Clerk, required. The village has
no debt at present. Assessed valuation, $188,000,
Portage la Prarie. SLav.— Debenture Oi^ertwgr.— Proposals
will be received until 8 p. M , Dec. 15, by F. A. Whiiaker,
i'oven Clerk, for a $14,569 43 52 local-imDrovemeat debenture,
maturing in twenty years. Interfsb, semi-annual.
Raciue i^v-niaty, '^iB.— Bonds Authorizea.— It is reported
that the County Board has decided to issua |100,000 insaneasylum bonds,
JSed Dier, N. W. T.—Debenture O^criKgr.— Proposals will
be rccf ived until D^c. 80 by L. C. Fulmer, Town SecretaryTreasurer, for |15,0U0 5« water-works debentures.

2fi03

by ThoB.

J, Falion, County Treasurer, for the $30,000 5<t
l-20-ye8r (serial) scbool-buildirg bonds voted at the election
held Sapt, 28. D.^nomination, |100. Interest, annual. Certified check for H% of the amonnt of bid required.
The district has ro debt at present.
V»!uatiou, over $t ,000.000.

Seafivrtii,

H

Kenwood Conuty, Kiun.— Bonds Not Sold

Th©

10-year coupon water works bonds offered on Nov.
$4,000
17 were not sold. See V. 79, p, 1981, for description of bonds.
Secancns School Mstrict, Hridson Coaaty, N. 3.—Bond

Negotiations.— We are informed that this district i?i negotiating with several parties looking to the disposal of $18,000
i^i school-building bonds, but that as yet no sale has been
coDSummated or award made. The report, therefore, in
some of the papers that these bonds have been sold is not cor-

Bedwood City, Cah—Bond Sa,le.~-Oa Nov. 21 this city sold
the $65,0C0 drainage, street-grading and paving and the
$35,000 water-works 4^i bonds described in V. 79, p. 1981
(which were offered but not sold on Got. 31), to the First National Bank of Redwood City at par and interest.
Salt Lake City, Utah.— Bonds Proposed— This city has
under consideration the issuance of 1850,000 water-systemimprovement and 1150,001) eewer-improvement bonds.
special election may, it is stated, be held about Dec. 20 to
vote on these issues.
San Angeio, Texas. Bonds Eegistered.—Aa issue of $20,OCO i% 20-year funding bonds, dated March 1, 1904, was registered by the State Comptroller on Nov. 38.
SaodpoinT. Maho.— Bond Offering.— Pio-pomlB will be received uBtil Dec. 6 by Frank Culver, Village Clerk, for |6,000
5^ bonds. Interest, Jan. 1 and July 1. Maturity, Jan. 1, 1935,
Sanfocd, Me. Bond Offering. Proposals will be received
until 2 p. M,, Dec, 5, at the office of Frank H, Preston, Chairman, tor 159,000 8J^* sewer bonds. Denomination, |500.
Date, Deo. 1, 1904. Interest, semi-annual. Maturity, $3,000
yearly, beginning Dec. 1, 1914. Present bonded debt of town,
128,000; other indebtedness, $10,000, Assessed valuation,

Denomination of bonds, $1,000. Date, when issued,
luterest, semi-annual. Maturity, $1,000 yearly on Jan. 1
from 1906 to 1928, inclusive.
Shemandoah, Ya,— Bo»d ^ale.—Oa Nov. 30 $20,000
coupon water bonds were awarded to the Farmers'
Merchants'
National Bank of Winchester at 100'50. D^nomiaation, $500.
Date, Oot. 1, 1904. Interest, semi-annual.
Maturity, 30
years, subject to call after 20 years.
are informed that th®
Soiuris, N. Dak.— Bond Sale.—
$5,000 7^ fire-department bonds offered without success on
Oct. 25 have practically been sold. See V. 79, p. 2111, for
description of bonds.
rect.

A

H

&

We

—

South Sharon, Pa.—Bonds Authorized, The Borough
Council has authorized the sale of the $100,000 i^% 30-year
street and sewer bonds voted at the recent election. See V>

—

79, p. 1783

and

2167.

Spoooer, Wis.™ Bond Ojferzngr. —Proposals will be received
until 12 M., Jan. 1, 1905, by Lou J. Thompson, Village Clerk,
for $11,000 5f water- works bonds. Denomination, $1,000.
Date, Jan. 15, 1905. Interest semi-annually at the Bank of
Spooner. Maturity, $1,000 yearly on Jan. 15 from 1912 ta{
Bids will be opened at 2 p. u Jan. 6.
1922, inclusive.
Stratheona, N. W. T.—Debenture Q^er inp.- Proposals will
be received until 2 p. M., Dec, 15, by A, O, Rutherford, Town
Secretary-Treasurer, for $20,000 6^ debentures dated Nov. 1,
1904, and maturing part yearly for twenty years.
Taeoma, Wash.— Bond.s Defeated.— On Nov. 8 this city
cast 3,429 votes in favor of and 1,870 against the issuance of

$3,760,000.

Santa Ana, Cal.— Bond ^e<rt on.—The City Trustees have
passed a resolution calling an election Dec. 20 to vote on the
question of issuing $100,000 5i water-works bonds. Secnritjes are to be dated Feb. 1, 1905, and carry 5% interest, payable semi-annually.
Sansalito School District, Marin County, Cal.— Bond
Ojfermp.— Proposals will be received until 8 p. m., Dec, 13,

,

INSURANCE.

INVESTMENTS.

office; of the;
& Burr,
INVESTMENT BONDS ATLANTIC MUTUAL INSURANCE COMPANY,
New
January

Perry, Coffin

60 State

20th, 1904.
Yorfe,
The Tnuteea, in Oonfortnily with the Charter of the Company, submit the following ttalenient of
its affairs on thestst of December, j<^j ;

Street,

Premlmno on Marine Blsfea from let January, 1903, to 3l8t December, 1903..
^...
Premiums on Policies not marked off 1st January, 1903

BOSTON.

Total Marine

$3,174,147 73(
800,368 56

$3 974,516 29

Premlume

from 1st January, 1903, to 31st December, 1903..
$3,250,364 45
•
$336,185 20
Interest received during the year
"
"
"
$448,108 97
less Taxes
111,923 77
Rent

Premiums marked

SPECIAI.1SX!$ IN

Defaulted and

Compromised

Losses paid during the year which were estimated
In iyo2 and previous years
$322,490 79
Losses ocoocred, estimated and paid in 1903
1,065,141 83

$1,387,632 62

Municipals of Kansas and
other States.

SPILLER

H. C.

CO.,

&,

Specialists in Inactive Bonds,

27 Slate Street,

•

-

Boiton.

MUNICIPAL BONDS.
Stanwood St, Co.

E. C.

95

BANKBRS.
Milk Street,

BOSTON.

off

Less Salvages..
Be-insurances

MUNICIPAL AND

BONDS

Returns of Preminms and Expenses, $467,841 97

Premiim[i Notes and Bill Receivable
Cash in the hands of European Bankers to
foreign countries
In Bank...

payable In
182,001 68
89,461 72
.$12,025,021 81

per cent Interest on the ontatandlng oertifloates of profits -will be paid to the holders
hereof, or their legal representatives, on and after Tuesday, the second of February next.
The outstanding certificates of the issue of 1 89S will be redeemed and paid to ihe holdem
thereof, or their lega. representatives, on and after Tuesday, the second of February next, from
which date aU Interest thereon will cease. The certificates to be produced at the time ot
payment, and canceled.
dividend of Forly per cent is declared on the net earned premiums of the Oompan*
for the year cndlcK Slst Docoinbcr. 1903, for whloh, upon application, certlfioates will be issuea
liv or.ter ot th(^ Board,
on and alter Tuesday, the third of May next.

A

ti.

OUST AT AMflTNCK.
F (ANCIS M. B/VCuN,
BOSTON, MASS. jOUN n. bkaou.
WILLIAM H. DOt'I.TON
7EaNON II. UKOWN,
WALUHON P. BltOWN,
niiitnal Inaarane* Company Seiif
')8KPH U. HAr.MAN,
QTOKGH CLARK,
All Yoara BooBht asd S*ld.
(

(',

CO tNKLHie

BWA&U

JOHN M. GILLESPIE,
No. 518 Atlantic BoildlBg,

A9-61 Wail Street,

policies

Amonnt.

HAYES & SONS,

Koom

1,107,221 88

pay losses under

Mb

J.
GL.ETEL.AND, OHIO.

•f

210,616 30
$1,177.016 32

The Company has the folio-win™ Assets, viz.:
United BtateH and State of New York Stock; Olty, Bank and other Securities
$5,170,084 OO
Special deposits in Bants and Trust Companies
1,612,252 53
Real Estate corner Wall and William Streets and Exchange Place... $3,789,000
Other Beal Estate and Claims due the Company
75,000 3,864,00000

BooKht and Sold.

Atlantla

.....

$146,587 55
64,028 75

Mx

PUBUC FRANCHISE CORPORATION

W.

.....

NEW YORK

Bl.liKItT,

FLtSlTMA.NN,

STANTON FLOYJB-JONKS,

TRUSTEES.

HERHKRT

I...

LEVI

GUIQGS.

DALLAS B. PRATT,
OBORGK W. yULNTARBk
JOHN L. RIKKU,
DOUGLAS ROUINSOT,
GUSTAV n. bCHWAR,
WILLIAM C iSTUUUIBfll
A. A. )IAVKN,

FRANCIS )I.LK(JGK1'T,
rilARLKS t). LK.VKKICH,
liKANDKR N. LOVKLL,
GFOHOK II. M ACV,
UAKI,KS H. MARiiHALL.
W.U. U, MOORK,
<

RAVEN,

PrrHdenl.

r A PARSONS,

CORN KM US
THKO.

P.

MORTON,

HKNHY PARISH.
KRKDElilO A. PARSONg

CLKMKNT A. GIUSCOM,
ANSON W. HAKI),
WCKKIS K. .IKSUP.
1-KWlS CASH LKDVARD,

A. A.

P.

Secretary.

Vifr-rres't.

lOI.DKRI',

JOILNSON, jd

2(1

Vift-Prttt,

Yice-Prts'l.

:

THE CHRONICLE.

2G04
$20,000 armory booda. Ab a three-fifths vote
to carry, the bonds were not authorized.

was neceesarj

Thomasvllle, Ga,— Bonds Voted and Defeated.— ThiB town
on Nov. 10 vottd In favor of Issuing 135,000 electric-light
bonds and defeated a proposition to letue $25,0C0 eewer
bonds. The vote on the electric-light laeue was 413 for to 68
against. It is possible, we are informed, another election will
have to be held on the electric-Ught question, there being
some doubts as to whether tha recent election was held
strictly in accordance with the law.

Toledo, Ohlo.—Bond Offering.— PropoB&lB wUl be received
7:80 P. M., Dec. 28, by R. Q. Bacon, City Auditor, for
$210,C00 i% coupon general street-improvement and |40,0C0
4% coupon general improvement bonds.
Denomination,
$1,000. Date, December 80, 1904. Interest semi-annually
at the office of the United States Mortgage «fe Trust Co.,
New York City. Maturity, Dec. 80, 1919. Accrued interest
to be paid by purchaser. Certified check for 6% of the par
value of bonds, drawn without condition on some national
bank in Toledo, or else money for that amount, required with
bids.
Separate bids to be made for each issue.
Bonds Atithcrized,— The City Council on Nov. 21 passed
ordinances p roviding for the issuance of the following bonds:

untU

9Z.'70<

84 B% lewer-ooiiRtmotkin bonds, dated Nov. 29. 1904.
Wakeman Street pavluK bond*, dated Oct. 29, 1904.

4,694 89 6%

Tentnor City, N. J.—Bond» Not Yet Sold.— We are advised
that no effort has been made to sell the $16,000 city- hall
bonds (the unsold portion of a $45,000 issue) and the $11,000
school bonds (the unsold portion of a $85,000 issue) mentioned In the Chronicle Sept, 24. These bonds carry 6% Interest

and mature

in 15 years.

Yersallleg (Ind.) School District.—Bonds Voted.— It is
stated that this district has voted to Issue $3,000 school
bonds.
WatertowD, Mms.— Temporary Loan Offering.— PtOTpoaala
will be received until 3 P. M., Deo. 6, by Cbarles W. Stone,
Town Treasurer, for a temporary loan of $50,000, payable
April 6, 1905. Note or notes to be discounted.
Wllkeg-Sarre, Pa.—Bond Offertwflr,— Proposals will be received until 12 M., Deo. 21, by Fred H. Gates, City Clerk, for
the $408,000 4% city-improvement bonds voted at the recent
general election.

MISCELLANEOUS.
G. WHITE & CO.,

J.

Vol. t.yyit.

Woods CouBty School District No. 1, {)kU.-Bonds Reaittered.—On Nov. 19 $2,600 bonds of this district were reeiatered by the Territorial Auditor.
Worcester, Mast.— Bond Sale.— Oa Nov. 16 the Slnklne
Fund Commigsionera purchased at 102*535 an isane of $20,000
SJ^it water bonds.
Seourities are dated July 1, 1904, and will
mature July 1, 1934. Interest, semi-annual. The report in
various papers that this loan was taken over at S S8 per cent

discount

is

erroneous.

Wjomin?, Ohlo.—Bond* Fofcd.— The
voted upon at the general election
of 816 for to 42 against.

$50,000 sewer bonds
were authorized by a vote

YonngBtown, Ohio.— Bond OJTertng.— Proposals will be received until 2 p. M., Dec. 19, by Wm. I. Davies, City Auditor, for the following bonds :
$8,860 5«
1,470 5J

Wilson Are. paring bonds.

11,700

Watt Street paving bonds.

K Hawn Street Rradlru bonds.

610 5*

Wade

Street sidewalk

bonds.
8346 5% Elm Street paTlnv bonds,
1,5C0 5» Pop'ar Are. sloewolk bonds.
1,160 5% I'lne Btreet uewer bonds.
670 b% Ipon Stieei sldewslk bunds.
Maturity, one-fitth of each issue yearly on October 1 from
1906 to 1910, inclusive.
Bonds are dated Dec. 26, 1904. Interest will be payable

semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Dec. 26,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer. A certified check on a
Youngstown bank for 2% of the amount of bonds bid for,
payable to the City Auditor, must accompany proposal*,
which must be made for each block separately.
Bond £ale.—Tlae several Iseues of 5f bends of this city
offered on Nov. 21 were awarded, part to Parkinson & Burr
of Boston, part to Sessongood
Mayer of Cincinnati and
part to Denlson, Prior
Co. of Cleveland, as follows :

&

&

ImproTement (cltr's proportion) bonds to Parkinson * Burr for
Worthlngton St. gradlnff bond* to Seasonisood & Mayer for S 1.186 36.
*'1£2 5?
^randview Avenae grading bonds to Seasongood & Mayer for 1972 7Jk.
, S5S 5*
}'lS9^i^''^g^^°^^^^e^^ST&dmeboDdatoJ)eulsoti,PT\oTa.Co for«l.760.
2,700 5* Wirt Street gradlDR bonds to Denlson, Prior & Co. for ri.'SO
Crosman Avenue sewer bonds to Seasongood * Maynrfor »«60 77
, i^2 5*
1.200 z>% Hayoian Street gradine bonds to Denison, Prir r <B Co. for SI X32.
)^a<le Street eradlog bonds to Seasoneood & Mayer for »iO» 6"
.
22
i'fSx °* Cleveland Street eewer bonds to Denison, Prior & Co. for »! fcO
2,600 6% Franklin Avenue and Flint HUl sewer bonds to Denlson, Prior
4 C<w
^^

$6,000 6*

J5, InO 60,

f

for 42,577.
Street sidewalk bonds to Seasongood

400 6%

Kmma

See V. 79,

p. 1983, for

Sc Mayer for
description of bonds.

$409 63,

TRUST COMPANIES.

Engineers, Contractors,
43-49 Exchange Place,

New

York.

Investigations and Reports on Electric
Eailway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.

15

Electric Bailways, Electric Light

and Electrio
Power Plants Financed, Designed and Bnilt.

IBUSTEEBt

'T

L. L. GiUespie,
Vloe-President
F.

W.

Olarenoe H. Mackay,

Asst. Secretary.

WiUiam H. Baldwin Jr.,

Wmiam O. Van Home,

Solicits

York.

and Treas.

Lyman Rhoades Jr.,

L. Olllesple,

Ohanneey M. Depew,
W. B. BanMne,

Pulle,
Seo.

^j BROAD

STREET,

Frederic R. Goadert,''

H. H. Porter Jr.

W. H. Crocker,

Treasurer.

Adems 2nd,

John M. HaJl,

Edward M Hoiuf,
L. F. Loree.

Deposits

ot
Individuals and Corporations.
Interest on Dailv Balances.

CAPITAL, $3,000,000.

Tl'HlXING'S

NORTON,

L. A.

Geo. H. Squire,
BradlBh Johnson,
William Alexander,
Alvln W. Kreoh,
M. Hartley Dod^,
H. M. Alexander,
8. M. loman,

O. F.

H. M. Walker,
Aset-.

W. Alexander,

V. P. Snyder,
Otto H. Kahn,

James Henry Smith,

Vice-President.

SURPLUS. S9,000.000.

MISCELLANEOUS.

^
J

New

Street,

J.

President.

James H. Hyde,

Lawrence

MANILA SISAL AND JUTE

4Wall

TRUSTEES

Kreoh,

William H. Molnlnre,
T. H. Habbard,
Gttkge E. Tarb^
John V. Dryden,
T. De Witt Ouyler,
D. H. Moffat,

G. TTHrrE; & co., liimited,
22a College Hill, Cannon St.

CORDAGE.
i(^

W.

H. O. Demlng,

81*

'

EQUITABLE BUILDING.

£. H. Harriman,
H. O. Friok,
O. B. Alexander,

IThe American Mfq. Cc.
'

Alvln

James H. HyOe,

LONDOir COSKESFONDEirTS:
jr.

NASSAU STREET

ENGINEERS.

PAPBU&.

H. M. ByUesby

NEW YORK.

& Co.

INCORPORATED.

Mem York
" Baak and Trust Co. Siookt,

ENGINEERS.

Chicago
Bank and Trust Co. Stooks.

HIGH GRADE BONDS.
VICKER3
29 Wall

-A

PHELPS,

Street,

New

York.

£B0E£118 IN INVESTMENT
bECURlTlliS.

Far Business Correspondeuce,
for letter written with your own hand, o)
bylthe typewriter, are UNEQUALKU. Their qualltj
If assured and they have won highest honors at all
the great World'i Fairs. For hlph (irade writing
Dapers.of all kinds, for bond papers, and for led»;e!
papers. Insist on haying them made by the

Whether

WHITING PAPER COMPANY,

CONSTRUCT AND OPERATE
RAILWAY LIGHT, POAVER AND
HYDRAULIC PLANTS.

DESIGN,

Examinations and Reports.

HOL.YOKE, MASS.

New

York.

Philadelphia.

Chicao'o.

New York

Life Bultdinc,

CHICAGO,

ILL,


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