The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
i
N
.
.
s4
5
financial
Ujflmrnertifl
WJ
INCLUDING
Bank and Quotation Section
State and City Section (semi- Annually)
(Monthly)
Railway and Industrial Section (Quait.riv)
Th T
Railway Section
Street
{';Jjy'"*)
(
C
Kntereii ncconilnp to Aot of Congress, In the year 1905, by William B. Dan* Compant. In the oitloo of Librarian of Congress. Washington. D>
A weefcly newspaper entered at Post Office, New York, as second-class matter— William H. Dana Company Publishers. 7H1< Pino St., N. Y.
VOL.
SATURDAY, DKrKMBER
81.
NO. 2111.
1905.
30,
n
£he
Clear
(Chronicle.
Inc. or
1905.
— Payable
a
Advance
in
For une lear
$10 00
Su Months
ffOT
6
European subscription (including postage)
European subscription su Months (including postage)
Annual subscription in London (including postage)
81i Months subscription in lA>ndon (including postage)
New Haven
2.32:
Springfield
ater
1,970.928
1,583,324
1,766.176
899.218
586.758
808,903
417.01 I
oi'
13 00
50
7
£2
£1
18.610
.
Portland
Fall River
Lowell
14s.
lis.
New Bedford
Subscription includes following Sections—
state aj.t> Citt (semiannually)
Bank and quotation (monthly)
BAiiniVA.\'u iNDfSTHiAL (quarterly) street Railway (3 times yearly)
llolyoke
I
Total
New Eng.
Terms
ol
Chicago
Advertising— Per Inch Space
Cincinnati
TVansiem matter per inch space
(14 aeate lines)
Months
( Two
(8 tlroos)
Btonrnt,^ Business
«„.,„„«<, Cards
r„„i. 1J Three Months (13 times)
Standing
6 tunes)
2
gu M()I)ths
|
I Twelve Months (52 times)
$4
22
20
50
87
20
00
on
00
00
CHICAGO OFFICE— Pliny Bartlett. 513 Monadnock Block.
LONDON OFFICE— Edwards & Smith. 1 Drapers* Gardens, E. C.
WILLIAM B. DANA COMPANV, PuhlMi.r.,
Pine Street. Corner
ol
Cleveland
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
i:\ansvllle
Springfield,
Lexington
Youngstown
Canton
Kockford
Ohio
Springfield.
CLEARING HOUSE RETURNS.
Bloomington
Qnlncy
The following table, made up by telegraph, &e.. indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-dav have been ?2,955,136.248. against S3. 398. 674.251 last week and $2.151 .072.900
the corresponding week last year.
Mansfield
Jacksonville,
Clearings— Returns by Telegraph.
Week ending December 30.
1905.
Philadelphia
St. Louis
Seven cities, 5 days.
Other cities. 5 days
AH
all cities.
cities, 1
83 815,010
15, 253.314
126, 396.465
4.'..:r,o.649
17. '136.482
Orleans
$2,075,788,050
303.486.924
5 days
40,
15,
H.352
day.
400.125
309.038
1
Wayne
Tot. Mid. West
Sun Pranclsco
Los Angeles
..
Seattle
Salt Lake City
.
Portland
1
Minneapolis
003. 0s9
242 017,609
$2,379,274,974
575.861.274
Port
South Bend
+ 64.0 Tacoma
+ 26.8 Helena
largo
+ 33.4 Sioux Falls
+ 28.8
+ 4 .9
Total Pacific
+ .8 Kansas City ...
82, 176,341
1
111.
Jackson
Ann Arbor
Spokane
$989 314.396
106.769,079
20.348,38;
62,80*
Baltimore
Chicago
Total
Per
1904.
SI. 022, 250,380
104. I'M. 460
Boston
New
Decatur
Cent.
New York
..
Kalamazoo
Akron
NEW VORR.
+25.1
681,298
556 390,002
19.2
I
+ 3.5
Omaha
I
St. Paul
st. Joseph
week.
all cities for
S2, 955. 130,248
S2. 15 1.072. 900
60.251,059
22.S30.648
19.451.837
9.014.303
7,120,802
5.391.070
6,118,035
2.019, 444
i
79 I.8B9
91.172.109
Philadelphia
•• -burgh
.
.
i
Baltimore
Buffalo
ington
„
2.253.1X13, 471
16.465. 1-1
1
59,767, 027
32,331, 401
ton
1,999,
Syracuse
l.77:i,
760
Reading
Wilmington
1.427,
1.374,
1,133,
913,
.'ill
Wllkes-harre
Wheeling
.
,030.795.420
129,671.645
+ 38.2
-
1
.'
I
9
6.04
+31
3.729.181
:;.ri.-'
19 1-10.5
-
I
I
•
i.l
7
.11
Fnnklm
I
I.
I
I
Ml<!<
291
159.759.170
Total Southern
Total all
a 39s..,74.25l
Outside N
Montreal
\
1.1 15.0711.
7so
9.SJII 272
.
i
1. 5
2. lis
1.193. Ills
1
I
1.532.320
1,496.380
694,388
806,034
371.399
070.985
667.684
307.403
173.700
141.024
+ 1.6|
I
,,
53,527.223
34, 163 939
225
8.555 728
8,208 .1 io
5.199
3,873 528
53.s7fl.932
12 9
•
+ 0.5
I
I
6,287 ,481
2.758
2.14
30.7
•
1
•lis
,986 378
1.390 SOI
1.0 13 .217
1.171 .03
1,849 ,102
7 13
1.1 j
1.449 320
1
1
,
30.0
+
11.7
+ 45.1
+ 45 5
29
7 051.050
7.289.034
4.035.000
3.177.544
3. 990.
5.1101
3
3.9.115 1.5 13
I.
2.990.728
2.273.315
1,603,345
1.520
1,943,116
1.15
1.04
..«22
000
57 1,370
IIIMI
772. (MM)
1.959.646
100.779.553
I
+ 9.0
10.558,883
4 31
2
9|s. 3,3(1. 113
s
II
IO."...'.
1,681
19.71,0
;o9.781
4 20.
i
17
is:,
12.331
o
s..'-
277
1.01 i.o;
I
5
1.582,
,i
,
I.
9I1|
19
773
loo
I
.
I
1
I.l
I
o
711
I
I
I
I
gig
1.304.
1.576,1
728
oil. 131
662
Halifax
no
1.1.
10.2
i
I
I
7
1.
3.0110. 115
2 HI. 221
I9.0C
921 179
2.028,
;
4.-995.302
3,102,624
1,830.860
i,9.;
12.OS4.649
0.020.402
5.508,081
3,951.095
IlKlllJ
92.371
— 19.9
I
io. 70s,
19 V
-
.
17'
.177 l>5s.'.i
43.853.444
14.774.246'
15,261,688
6,080,495
557.015
ltl(
'
Winnipeg.
1.070
i
00.907
600
1.434.181
65,037
44.799.960
1.1.
602 ins
103. 101
205.907,443
24.610.264
4.242.091
3.109,922
3,030.421
2.828.52S
2.147.2HO
1,850.000
702.478
493.943
172.591
7
5
Is'.l
171,852
100.414
187.873 301
23.456 .000
5,715 ,29 7
3.232 648
.1.280 235
2.905 504
2.225 000
2.179 234
773 205
733, 899
289, 07s
+ 17 3
+ 4.4
+ 67.0
+ 01.7
+ 64.2
.192.
21 1.370
82,66
—27.0,
1.851.341
1.159.(12
I.
1
758.280
18 325
1,360,845 Vol
I
f
Total
120.111
516.458
610.000
444,090
470.244
361.673
482.229
307.324
271.690
305.657
191.711
22.1
+ 22
1.390,741
1.154.949
490,727
447.172
604,838
506,148
458,669
303.212
286.553
276.331
217. 913
IH7.47S
165.697
17 3
1
l.'.'sS.OQO
3.517,950
2.388.381
2,489,980
1,477.298
007. Mill
744. 50(1
+ 19.9
+ 10.8
I.90O, ISS
S75.602
031.731
326
310
II
1.471
i
579
...
948,
1.469,
1,171.047
1.12
1.01 1.291
1
Mill
3,050.871
2.568.444
1.700,219
1.500.810
1.214,327
0.-)0. 2Mi
Mis, 050
19.5
.
1.
18.013.755
13s.075.217
17,820,700
12,540,133
8 2 10.770
0.551.050
1
Canada
-'.''1
11
bam ton
221
281
24,445.769
3.0S9.000
3.210.683
1,888,565
197. sol,
3 218.138
1.730
892.634
Mobile
9X5
I
1.971.782
1.073.522
5.891.729
4.881.628
Macon
s
1.006.3V
5. 799. Ill 10
4.1
2.734.
Jackson vflta
15 6
5.797,
5,350, 189
711
.
Albany.
Rochester
1
8.080.872
6.718.000
7.21
.
New York
11,953
I
+14.6
5 17
III.9J0.S03
Rock
Columbus.
.'is.
,,1.495
Knoxvllle
Charleston ...
cliattanooea ..
1902.
78,456,102
59.S99.192
0II.S09.275
I
1903
51 1,899
329.309
234.970
45s. 30s
686,741
,
Dec.
1.153.733
537.747
550,179
380.029
'
Inc. or
1.532,1
IS
886,60]
I
1904.
1s
281.380
973,892
i
1905.
1,9 1.7
1.1139.722
.
Clearings al-
•1.
—
1
3.255.902
1.02S.923
I
The full details for the week covered by the above will be
ido Springs
Rapids
given next Saturday.
We cannot furnish them to-day, Cedar
Premont
__'
dealings being made up by the clearing houses at noon on Pueblo
Tot. of h. West.
Saturday, and hence in the above the last day of the week
Louie
has to be in all cases estimated, as we go to press Friday night. -i
New ( irleans
We present below our usual detailed figures for the previous Louisville
H"'i-ton
week, covering the returns for the period ending with Satur- Galveston
Richmond
day noon. December 23, and the results for the corresponding Savannah
week in 1904. 1008 and 1902 are also given. Contrasted Memphis
Wlinta
with the week of 1904 the total for the whole country -hows Nashville
Norfolk
orl Worth ...
again of 31.8 percent. Outside of New York the ihcfl
Augusta
nirmlnghnm ..
1904 is 20. X per cent.
ending Deccnib-
10,79
12.406,030
8,787.688
5.666,829
4.043,815
|
3.700.000'
2.696.944
158.904
7.33
2.901.171
948.521
S41.801
port
Wuk
U4.654.4l8
120,116,405
+ 28.4I
+ 24.1
+ 11.0
+ 47.9'
+ 36.5
+ 31.0
+ 48.2
+
— 30.31
16.0
+ 41.6
+ 22.1
+ 26.4
+ 16.1
+ 24.3
1.1151,204
.,031
+ 34.4
+ 12.5
+ 10.5
+ 23.0
+ 4.0,
+ 25.0|
+ 35.1
+ 10.5
+ 15.1
291
1.22
482.973
+20.4
2 1.
1,381,581
1,309,190
432,037
153.002.300'
4,399,100
3.284.120
3,400,998
1.874,783
1.757.739
1. 241.220
832,573
862,106
02.",. 200
510,488
517.688
2,oe;
1.100.707
U.S. 114
+ 34.9
—
14.0
'.1.730.414
6.1
993.746
366,817
193.941.023
23.322.150
14,844.639
11.292.427
76.153.693
26.513,201
24.109.92 1
10.823.468
8,512.109
Wichita
Little
11.2
+ 130
484.7.
281.913,174
30.879.278
8.734.313
4,510.363
4.469.178
|
Topcka
1
+62.9
599,77,7
302.098,122
88,334.941
9,099.735
0.071.257
0.100.000
4.N47.112
3,997.817
4,242.072
804.597
1,052.755
343.407
I
Total
+
466,030
i,
Denver.
let Moines
Sioux City
O.K.
1,842,342
1,373.232
1,132,817
r96.073
1,,172,090
3.921.203
2.417.709
+ 29.0:
+ 1.5
1.783.278
1.001.121
+ 33.8
s ;,
903.494
919.542
+ 6.7
—6.71
583.400
707. 719
+ 38.6
+ 15.2
590.374
410.07S
150.943
10.3
59 s
547.831
+ 9.3
—1.3
390,009
390.985
397,989 + 12.2
446.656
333.291,
419,7371
+ 12.8
395.000
350,165 + 12.8'
312,119
195.483 + 59.7
295.007
241.888 + 22.0
220,710 + 30.4
301,114
119.002
102.899, + 15.7!
807,441 Not Included in total
390.718 Not Included In total
..
111
+ 21.4
+ 10.0
+ 46.
1,992.098
1.355,249
1,187,395
1,579,087
588 073
3.827. SOI
Grand Rapids
Dayton
Pearl Street,
Po.t OfU.-e Box 0.1K.
.-
89,917.117
1-23.4
2.57;
184,236.980
280.720,628
26.234.150
16.401,140
13.887.097
10.124.SO0
7.778.173
5.942.100
|
1902.
.
%
$
134,989.910
7.18
181.965.893
8.865.800
Providence
Hartford
Dei
1004
PUBUSHED WEEKLV.
I'ermp ol Subscription
ending Dccembt
,,;,
It
THE CHRONICLE.
1814
[Vol. lxxxi.
developments on the
first day of this monetary spasm.
It has been seen
THE FINANCIAL SITUATION.
that, in the face of hostile money rates, the Stock ExThis has been a week of marvels, so far as New York change market opened after the holiday with renewed
Stock Exchange affairs are concerned. There have energy and dash. Christmas broke the week, but did
been other occasions when money has touched even not in any degree lessen or stay the speculative eagerhigher rates, but never when the speculation in stocks ness or spirit. On the contrary, new happenings
has gone on almost without interruption, security seemed to have paved the way Wednesday morning
prices continuing even on the upward move while for a fresh spurt, so that prices of securities took a
100% was being paid for call loans. The advance in further upward turn, coupled with renewed activity.
money rates gave the public a sharp warning of its The more prominent and leading sensation was the
inevitable periodicity on Tuesday with the opening movement in copper stocks, started apparently on the
of business at the Exchange after the Christmas holi- basis of an advance of 87}^ cents a share in the quarday. Call money was run up that day until it loaned terly dividend of the Anaconda Company (equal to
at 40%, closing at 35% bid and 40 asked, though $3 50 annually) accompanied by a repetition of the
probably 20% would cover the average rate for the statement that a "20-foot vein of rich copper had been
day. But the more surprising circumstance was that found in the Anaconda mine." Another incident was
at the same time stocks were booming and only a trifle the announcement of the merger of the traction lines
depressed by the extreme stringency as the business which step at first took possession of the fancy of the
on the Exchange neared its last half hour. Of course speculative class as meaning new security issues,
every one had expected and the body of brokers had which the Street usually interprets as synonymous
prepared for moderately higher rates. The excep- with higher dividends; though later, when the basis of
tions are very few when the last days of the old year the merger was more fully disclosed, this effort to hang
and the first weeks or more of the new are not attended a hope on the transaction was no longer feasible, the
by rising money. Besides, on this occasion the merger being interpreted much less favorably. But
monetary conditions were assumed to be more ominous aside from these and other stories put afloat, a feeling
than the ordinary surroundings at the holiday season had been encouraged among the speculative leaders
for a good many years, and gave rise to more serious that the money stringency would last but a few days,
forebodings.
and when that gulf was bridged there would come a
The crisis Tuesday was not only attended by the period of abundance of money, giving opportunity for
customary calling in of loans in preparation for the all the fruits of the speculation to be gathered in.
1st of January interest and dividend payments, but Wednesday's money market for a time seemed to exinstead of an inflow of currency from the interior fol- tinguish this hope among at least a large number of
lowing the advance in rates demands on this monetary the weaker holders. There was no panic nor signs
center were a conspicuous feature from almost every of a panic, but as renewals of call loans at the start
direction.
A general belief was that the supplies of could not be obtained by borrowers under 30 to 40%,
loanable funds held by our associated banks had been and as the figures began to move up, reaching at length
lessened through the withdrawal of moneys by the 95%, large blocks of stocks were thrown upon the
trust companies to enable them to make a good show- market at very material declines.
Thursday money
ing in their report to the State Department called for moved up still higher to 125%. attended, however, not
the 1st of January. There were no evidences of such only by a reaction to better prices for stocks, but a
a movement, though it would not be surprising if reported corner in Anaconda a comparatively easy
preparations for that statement were in some measure undertaking, inas much as the Amalgamated ComShortly before
a factor in the combination of influences leading to the pany holds more than half that stock.
extreme rates. However that may have been, there the market closed there was a decline to 6% for call
were obvious other special causes increasing the ten- loans, due to a persistent rumor that Secretary Shaw
sion.
Money, in face of the extremely active home had deposited in Western banks $20,000,000 of Govdemand, appeared to be on the wing. The South and ernment money. Yesterday the stock speculation
West wanted it. The Sub-Treasury records showed was less excited and the money market low er the exthat seven hundred thousand dollars had already been treme for money being 75 and 25%.
transferred to New Orleans, four hundred thousand
on Tuesday and three hundred thousand on the preIt is noteworthy that speculative operations in forvious Saturday; while the excess of Government rev- eign exchange have, during the past two months, been
enue had taken from bank reserves and left in the Sub- more extensively conducted than has ever been obTreasury another considerable item. Concurrently served heretofore. Such operations have been effected
many amounts were shipped from this point to Chi- with the object of taking advantage of more or less
cago and other large Western centres, exchange run- tense local monetary conditions as they developed;
ning against New York throughout that entire section. sometimes, though, and especially recently, such conThis tendency in the currency movement was very likely ditions have apparently been artificially created for
in some degree added to by the failure of three small the purpose of exerting an influence upon exchange
banks at Memphis. The close of these institutions advantageously to the interests of those engaged in
would have been of no influence outside of the locality speculative operations therein. Among the parties
of their organization at an ordinary time, but following who have been most active in speculation in exchange
the Chicago affair, and coming at a moment when are reported to be managers of departments of banking
nearly all sections were drawing money from New York
establishments and other than foreign bankers who
the event touched a chord in harmony with the general conduct a strictly exchange business these operators
sentiment and trend.
enjoying facilities, through connection with correAll these facts relate to the
,
,
—
r
—
—
—
THE CHRONICLE.
Dec. 30 1905
1815
spondents abroad, for that manipulation of the market of the joint committee provided by the resolution in
calling upon the Commission was to assure that body
which would be most effective for their purpose.
In conducting their operations, these hankers would. of the united and determined disposition of the lines
when exchange rates were high, as the represented to conform to the law in good faith and
for example
result of a special demand, which was likely soon to in every respect and to aid the Commission in its
Pledges to this effect were given by
abate, or because of temporarily lower rates for money enforcement.
make speculative sales of sighl all those present, with the further promise to report
here than abroad
exchange in the expectation of re-buying the same every illegal transaction which may come to the
—
—
when, through their
rates
If
fell.
liberal offerings of
such drafts,
the operation seemed to be advantageous,
knowledge
of the officials or of
which they may have
well-grounded suspicion.
According to our way of thinking, this is proceeding
re-buying of the exchange thus sold might be deferred
until just previous to the presentation to the drawee of in the right direction and much good should result
Hitherto the railroads have hardly
the sight bill: then cover therefor would be effected from the effort.
Operations of the character described been as zealous as they might have been, it seems
with cables.
are usually conducted for the sole advantage of the to us, in taking action to eradicate the rebating evil,
while the Inter-State Commerce Commission, on its
banker engaging therein.
When as has been the case recently money rates part, appears to have been wholly indifferent its
If,
in New York have been relatively higher than abroad, attention being given chiefly to other matters.
and it has been desirable to transfer hither foreign now, the two shall co-operate, a long step forward
capital for use in our market, sight exchange would will have been taken to remove unlawful practices
be speculatively sold in the manner above noted when of this kind, which constitute about the only real
was high, and cover would be obtained therefor, ground of complaint against the railroads. The Comit
either through sight or cables, as was most desirable, mission has sent out an account of the conference
when rates fell; the proceeds of the bills in that case and we notice it speaks rather guardedly of the results
would be loaned either on the market or to individual to be expected. Pains are taken to declare that the
operators therein.
In this way, it is asserted, very conference was not sought by the Commission; still
much of the money employed in the bull speculation in the Commission regards its purpose as "legitimate
and commendable." The Commission also states that
stocks has been obtained.
Sometimes these speculative operations have seemed the visit was not unwelcome and that there is no
likely to be deranged through unexpected monetary reason to doubt the sincerity of the movement or its
That it will result in the complete
or exchange developments resulting from temporary practical value.
unsettled conditions either here or abroad; in such discontinuance of wrongful practices is deemed too
cases there might be an overbought or an oversold much to expect, for time alone, we are told, will test
market, involving the operators in loss. The latter the degree of its usefulness; a marked improvement,
condition seemed to exist last week, resulting in an however, in the observance of tariff rates, it is thought,
urgent demand for cable transfers for the purpose of may fairly be anticipated. The Commission closes
meeting sight drafts then in transit, which would be its account of the conference with these words: "If
presented to the drawee immediately before the end the promised co-operation is actually and continuously
of the year.
These speculative operations have a de- afforded, the payment of rebates and the granting
ranging influence, according to their magnitude, of secret advantages will, it is hoped, be reduced to
making difficult calculations based upon supply or a minimum." For ourselves we have no hesitation
demand. But they have been generally profitable to in saying that railroad officials, now that they have
the operators and participants therein, and therefore become aroused concerning the matter, will leave no
efforts unspared to root out the evil.
they will doubtless continue.
This done,
what is called the "railroad problem" will have been
—
One
—
—
the promising developments of the week
of
has been the conference between
roads from
all
officials of
the
rail-
in
large
measure
solved— and
that,
too,
without
extra legislation.
over the country and the Inter-State
Commerce Commission
at
Washington.
At a recent
Tabulations
which have been made public this
Chicago the representatives of practically week reporting the amount of new railroad track laid
all the lines West of Chicago, from the Canadian bor- during the calendar year now approaching
its close
der to the Gulf of Mexico, adopted the following bear out the expectations that railroad building
meeting
in
resolution:
of lines in
Missouri
"That a joint committee representative would be found to have progressed on a more active
Western Trunk Line Committee, the Trans- scale than for some time past. According to the
mittee, and the Trans-Continental Freight
mittee,
Com- records kept by
ComRate
new mileage of
Freight Bureau. Southwestern Tariff
be appointed and instructed
to
wait
desire
upon
Commerce Commission; declare
and purpose of the respective members of
the Inter-State
the
said
700 miles, and
the " Rail way Age," of Chicago,
1905 exceeds that
this, too. not wit
the track Laid during the
653 miles
less
than
that
first
of
bstanding the
fa. -t
half of the year
recorded
for
the
1904 by over
die
first
that
was
six
Commis- months of 1904 from which one gets an idea of
of
the
law
to
the
extenl of how energetic work has been the past si* months.
sion in the enforcement
pointing out ways and means, and giving the Com- The "Age" reports l. .»7<l miles of track laid in the
mission any specific information that may come to United States during the calendar year, on 837 lines
our knowledge which will lead to effective inquiry in 4.') State- .inil Territories.
In addition, our conin uncovering unlawful practii
The conference temporary States, several hundred miles have been
with the Commission at Washington this week
graded and track is being laid on many line- &fl the
in pursuance of the policy here outlined. The purpose year closes.
It
i< pointed out
that, while for a good
committee or bureau-
to co-operate with the
(
,.
THE CHKONICLE.
IHH>
many
years past
the Southwestern States have fur-
Vol. lxxxi.
the indications being that through the further with-
nished a larger percentage of new mileage than any
other group of States, the scene of active construction
drawals of currency the cash holdings of the banks
might he so far reduced as to cause a deficiency, beI'ies other influences referred to above.
The high
operations appears now to be shifting to the NorthWith the Chicago Milwaukee & St. Paul headed record was made in the morning of Thursday, soon
west.
for the Pacific /Coast, with the
new Gould
line
(the
after the day's
renewals had been effected;
in
the
Western Pacific) already under construction, from Ball afternoon there was a feverish fall to 6% after the hour
Lake City to San Francisco, and with the many new at which deliveries are required to be made. This
lines planned by the Harriman and Hill systems, decline to 6% was due to persistent rumors that
the Western and Northwestern States are evidently Mr. Shaw would intervene for the relief of the market.
destined to witness bustling activity the next few After the close of business it was said that a private
Attention is also directed to the fact that a telegram from Chicago to a New York banker conyears.
considerable percentage of the track laid during 1905 firmed the above rumors, stating that s] 0.000 .000
has been in sections which already were well supplied public funds would be deposited in banks at Chicago,
with railways, a circumstance which is indicative of $5,000,000 at St. Louis and $5,000,000 at Louisville.
the era of unprecedented prosperity which the coun- It is reported that while the excessively high rates
were ruling on Wednesday and Thursday, large sums
try has been, and still is, enjoying.
of money were received from near-by cities, notably
There was no change in official rates of discount Philadelphia and Boston, for employment in our
by any of the European banks this week, and un- market. It is also stated that many individuals
official, or open market, rates were, compared with having
large balances with their banks, or other
of
London,
°f
lower
at
last week,
1%
1%
%
s
depositaries, withdrew them in order directly to
higher at Paris, and 1% lower at Berlin and Frankfort. effect loans on the market.
The news from St. Petersburg indicating that the
Money on call, representing bankers' balances,
Russian Government, through its vigorously repress- loaned on the Stock Exchange during the week at
ive measures, had succeeded in crushing the revolu- 125% and at
6%, averaging about 40%; banks and
y
tionary outbreak, at least at .Moscow, inspired confidence at the Continental centres of an eventual
restoration
of
order;
consequently
there
was
a
sharp recovery on these bourses in Russian securities.
One feature was a fall in exchange at Paris on London
to the very low rate of 25 francs 7)4 centimes, which
resulted in large shipments of gold from the British
to the French capital; this fall in Paris exchange
companies generally loaned at the current
market rates. On Tuesday loans were at 40% and
On
at 12%, with. the bulk of the business at 15%.
Wednesday transactions were at 95% and at 25%,
with the majority at 40%.
On Thursday loans were
at 125% and at 6%, with the bulk of the business at
50%. On Friday transactions were at 75% and at
25%, with the majority at 40%. Time contracts on
good mixed Stock Exchange collateral were quoted
trust
was, however, due to operations incident to the participation of French bankers in the Argentine loan. at
6@63^% the latter representing the legal rate,
The Imperial Bank of Germany reported, in its plus a commission for sixty days, 6% for ninety
weekly statement, a gain of nearly £1,500,000 cash, days to four months, and 53^% for five to six months;
probably reflecting receipts of gold from Russia; this little business was reported. Commercial paper rates
—
most likely accounted for the fall, as above noted,
open market discounts at Berlin and Frankfort.
The
feature of the statement of the
in
New York
Associated Banks last week was the very slight changes
in all the items compared with the previous week.
Loans increased $1,543,100, deposits were augmented
by $1,139,900 and the cash reserve showed a net
gain of $483,300. The surplus reserve was increased
by $198,325, to $4,159,400. The bank statement of
this week should reflect, among other items, the
shipment of $1,200,000 to Mexico to pay for silver
bought on London account, and the transfer of
—
were entirely nominal at 6% for sixty to ninety-day
endorsed bills receivable, 6% for prime and 6}4(g
7% for good four to six months' single names.
The Bank
of
England rate
of discount
remains un-
The cable reports discounts of sixty
ninety-day bank bills in London 3^@3%%. The
changed at 4%.
to
open market rate at Paris is 3^@3^%and at Berlin
and Frankfort it is 4^%. According to our special
cable from London, the Bank of England lost £1,444,581 bullion during the week and held £28,530,251 at
Our correspondent further
the close of the week.
advises us that the loss was due to imports of £6,000
$800,000 through the Sub-Treasury to New Orleans.
(wholly from Australia) to exports of £250,000 (of
The suspension, on Wednesday, of the Merchants'
which £50,000 to South America and £200,000 to the
Trust Company, the American Savings Bank & Trust
and to shipments of £ 1 ,201 ,000 net to the
Company and the Mechanics' Savings Bank of Continent)
interior of Great Britain.
Memphis, caused the shipment hence of $1,250,000
Bankers here who are familiar with the
currency.
The foreign exchange market was dominated almost
facts regard these suspensions as of comparatively
wholly this week by the domestic monetary situation.
little importance and unlikely to have a disturbing
The urgent demand for cables to remit for the settleeffect even upon centres in the Southwest.
ment of maturing obligations including sight drafts
There was increased tension in the call loan branch which had been speculatively sold and that would be
was the feature
of the money market this week, winch resulted in presented to the drawees this week
On Tuesday
the recording of a rate of 125% on Thursday the of the market on Saturday of last week
highest since December 22 1899, when the maximum the development of local monetary tension caused a
,
,
—
—
—
.
was 186%. The monetary tension this week has fall in rates for all classes of exchange, and, in the
grown out of the comparatively low bank reserves, absence of demand for remittance, the London market
1
because banker- generally
preferred to employ their funds in call leans ratheT
than buy hills, rates fell heavily and the market closed
at about the lowest, even cables, which were in requesl
being
closed,
IN17
T1IK CHRONICLE.
Dec. 30 1905
and
also
early in the day. having
little
nl
II
day the market was unsettled and lower, influenced
by monetary tension, and about the only demand was
for cables for remittance for the end of the year requirements and for the adjustments incident to the
mi-monthly settlement.
London Stock Exchan
On Thursday the early advance in call money rates
temporarily to have a paralyzing
'iie
to 125
effect upon exchange and during the morning buying
for cash, at important concessions, was the principal
feature: in this way some unusually cheap exchange
was secured, long as low as 4 ^l'j and sight at 4 85.
Out
1905.
i
n nor movement asabovi
n
reasury operation!
fotal
and
goi<i
in
table indicates the
Low
Si.l27.iMwi
nil. oiiii
Loaa
1.000,000
amount
of bullion
he principal EuropeaD banks:
t
1903
j
I
Sihrr.
Cold
'
Total.
115,1
I
uou
13,000
1,865,000
3 (141 ,000
12. us/. nun
115
[unb
-l
023.000
26 S09.000
...
\
.
Total.
14.1120
io,
i,
(1(1
60,670,000
34.870,000
12,2 17,000
1,000
22.170.000
3,174,5
6.130.000
6 60 1.900
8.246.06;
.i
-
i.:i
11N.SS 1.000 lo" 316 nun
60,952,000 18,4 13,000
75.000
1,807,000
I
.
I
i
1004
Stiver.
ii.
10(1
nun
12.733,000
1,870.000
1,909,100
I
i
380,567.732 103.707.199 103,274,031870,060.046
10,112
70.791.058
1
a :1m- dlylslon (between sold and silver) given In our table ol coin and imiiion
of
and the
in the
ol Belgium Is
from tin
oate
»i' .ire able to obtain; in neither case is It claimed in be accurate, as those banks
no distinction In their weekly returns, merel) reporting the total gold and
Is a close approximation.
bul we believe the division we
b l lie A.U8tro-Hungarian
statement Is
Issued In Kronen and Heller
Hank
Germany
Bank
made
make
make
now
Bank
In the after-
in srood request.
niiUllngs
S9.O9S.0O0
legal Cendi
The following
1
Cables were, however,
\l/
0)
II, ink
Oh Wednes-
support.
Dectmbn 29
enitw.g
The reduction of the former currency to sterling
Instead of in Gulden and Kreutser.
Pounds was by considering the lulden to have the value or jn cents. As the Kronen
ally no greater value than 20 cents, our cable correspondent In London. In
in reduce Kronen to rounds, lias altered the basis of conversion by dividing
the amount of Kronen by 24 Instead of 20.
(
noon the relaxation in money rates stimulated activity
On Friday the
and the tone was firm at the close.
feature was a fall in cables, the demand therefor hav-
•
THE POLITICAL FUTURE OF RUSSIA.
ing beer, satisfied.
The events of the past week have made it increasNominal quotations for sterling exchange are 4 83^
On ingly evident that the Russian Government still has
4 s:U_, for sixty-day and 4 N(>' ,(<i 4 87 for sight.
Saturday of last week the market was moderately the power to subdue mob violence exerted in the
In their lack of any intelligent
active, with cables in demand at an advance, compared interest of anarchy.
with the previous day. of 15 points, to 4 8775(<M S7S5; program or policy, and in their manifest readiness to
short was 5 points lower at 4 8630@4 8035 and long resort to any extremes in order to annoy those w ho
was unchanged. On Tuesday the market was weak would not adopt the doctrine of anarchy offhand, the
r
at a decline of 30 points for long, to 4 8280@4 8290,
of 50 points for short to 4 8580@4 8590 and of 85
leaders of the latest Russian uprising have lost ground
may now
so rapidly that they
be pronounced defeated.
On Wednesday Full restoration of order is always slow after popular
points for cables to 4 8690@4 87.
the tone was unsettled anil lower with a fall of 80 points insurrection; but the facts that the insurgent leaders
in long to 4 82@4 8225, of 55 points in short to have notoriously failed in all their purposes and pre4
B525@
8535 and of 20 points in cables to 4 8670@ dictions of the week, and that even news dispatches
On Thursday long declined 40 points to which have heretofore tended to exaggerate the situa-
4
4 86S0.
*81©0®4
8180,
5
short
points
4 8525
to
@ 4 8530,
tion
while cables were 45 points higher at 4 s715(V; 4 8726.
The market was irregular on Friday, with long :!()
for
exchange by some of the leading drawers.
to
now
describe the contest as guerilla warfare, speak
themselves.
The
no doubt, was reached 'when the
Despite some
points higher and short 15 points and cables 65 points loyalty of the army was put to a test.
scattered demonstrations of mutiny, it was plain thai
lower.
sterling
for
rates
posted
the Russian soldiery as a whole remained faithful
The following shows daily
its
crucial point,
The
leaders.
perament of the
22
A Co
Brothers
liar.
t
Co
Ban..
serlca
Bank
of
ireal
H
'iivli,
&.
Lazard
of
recruited,
4
habit
of
passive obedience,
common
and the
Bffl
86H
86M
instinct
S3 hi
83
83
'Sight-. 4 87
sr,._;
86H
BOM
83H
ganized armies,
83
H
s7
strong and popular general, ambitious for the dictator-
83
ship, events
S3
sieht_. 4 s.7
,60 d
Sieht.. 4 87
H
87
O
L
D
A
'lays 4
S3H
83
S3
M'.'i
s:;i,
,
!
87
87
87
83^
83H
I
4 -7
4
4 -7
4
B3M
H
87
87
4
'i
s.,=
S6H
_.
S6H
Matters
'Sight.
i
.4
87
87
closed on Friday
8510@4 8520
for
J1
1
at
4M90@4
short and
8650@4
8
1
81 t0<e
8150
1
M
4
cables.
1
82 for
for
7
s-
1
Cotton
Had
moved,
it
all
or-
over the attempts of
there been
might have taken
much
pretty
the
In
field
a different'eourse.
a
But
soon became evident" thai a regi-
ment which mutinied would be virtually isolated, would
have no leader, and would simply, like all the previous
naval and military insurgents,
a victim to
fall
lack of union with the rest of the Russian
its
own
army.
the end of this stage of the Russian insurrection
approaches, the question arises with new interest,
accept]
will
1
have
to
prevailed
revolutionary agents.
4 83
S3H
of discipline
-
Canada
its
87
SZ'A
87
s:)'-,
Commercial on banks
and documents for payments
B0M(5
for payment
480%@481, cotton
4 8140(3 8150 and grain for payn
for
is
MM
.Sight..
Ickel-... 160 days
Sight..
160 days
The market
long,
83
83
87
days
Bank
from which the Russian army
class
Fri..
ThUTS.,
D,r 28. Dec. 29.
that the stolid tem-
87
Co
1-p-res
.
is
160 days 4 S3
Sieht.. 4 87
160 days 4 s-V,
Han Bank
immerce
hi-nner
Wed
Tuk..
Dec. 25. Dec
Mon.,
Frl.
probability
What
Eva
be the outcome of the whole agitation?
have moved
months
thai
with
such
rapidity
during the past few
the landmarks of the constitutional
The following gives the week's movement of money ment of lasl summer are now advanced to a point
to and from the interior by the New York ban
This
iuld reach.
which no one then imagined
idenl by the new electoral law gazetted at
Week ending December 20 1005.
£•"*«£.
;
t
™f';.
Currency
Gold
Total gold and legal tenders.
$7,060,000
With the Sub-Treasury
follows:
Petersburg
»L. 473.000
W.093.000
Vom
laert
Tuesday, which enlarges immensely
the franchises to be conceded
to
the
Russian people.
11.127.000
There wen
tal
'ast
^UgUSt.
obvious disadvantages
made by
One of thi
stitutional granl
the Czar
in
his
in
the Con-
manifesto of
pointed out by
THE CHRONICLE.
1818
"Review
[Vol. lxxxi.
Revo- cessions to the people will be taken. The time for that
lution in Russia," was the entire inequality of the was when anarchy first undertook to overthrow public
Under the system outlined, he asserts, the order, and when the Reactionary Party demanded that
suffrage.
City of St. Petersburg, with its population of nearly the Czar commit his fortunes to their hands. Had he
1,500 ,000 and its immense wealth, would have only done so, dismissing Witte and restoring the old court
about 7,000 qualified electors, and other large cities party to its former power, the fight would -have beof 200,000 to 700,000 inhabitants would be allowed a gun again between autocracy and the people.
The
body of electors comprising only a couple of thousand, Czar has chosen another path, and by his last concesAs for the sion has already given hostages to fortune. What conor in some cases only a few hundred.
90,000,000 peasants, Prince Kropotkin calculates that cerns the friends of popular government in Russia now
the purport of the proposed constitution would be to is to watch the Moderate Party and sustain it in its dereduce their participation in the franchise to a few termination to keep, and from time to time enlarge,
thousand men electing a handful of deputies. The the privileges which it has extorted from the Czar.
Russian workingmen, he adds, including nearly 4,000,000 "To this end," as Webster said in his description of the
citizens, would be wholly excluded from a share in the progressive overthrow of despotism by constitutional
freedom, "all that could be gained from the imprupolitical life of the country.
dence,
snatched from the weakness or wrung from the
There have been numerous suggestions since of a
modification of this unequal plan of suffrage, but this necessities of crowned heads has been carefully gathweek's manifesto overcomes most of the criticisms ered up, secured and hoarded, as the rich treasures, the
above recited. As stated in the dispatches, workmen in very jewels of liberty." The Czar has learned what is
the factories and mills are specially provided for as now the alternative to straightforward recognition of
voters, while suffrage is extended to every owner of the legitimate demands of the constitutional party
real estate paying taxes, persons conducting business among his subjects, and the new representatives will
The steadfast
enterprises, persons paying a lodge tax or occupying a have learned their rights and power.
separate lodging, and persons in the Government ser- attitude of the popular delegations summoned by the
vice, including railroad men.
It is stated that all limit Czar, in insisting, to the face of royalty, on the grantof rent which must be paid by a lodger in order to ing of the full measure of their legitimate demands,
On the face is the best promise that this coming problem will be
secure the voting right is to be removed.
Prince Kropotkin in his recent
of the
would appear to establish a suffrage rightly dealt with.
rather more extensive than that of the English citizen.
The first impression on the reader's mind, indeed, is
PAST EXPERIENCE OF FEDERAL RESPONSIthat the grant is so extensive as to raise on general
BILITY FOR CORPORATIONS.
principles some doubts of its practical wisdom.
It is
possible to go too far in concessions even to the demand
Passing consideration of the legality
of
any
of things,
this
'
for public liberty,
present position
is
when a nation
concerned.
this
problem Russian statesmen are
likely to
to the necessities of the hour.
What
shall
have
in
making the Federal Government the source
and conservator of all corporations, note what may be
judge according learned from the character of the use hitherto made by
clear is that we the Government of such supervision and powers as are
in Russia's peculiar
But
is
Russia neither a slowly organized consti- already within
tution like that of England, nor a compromising constitution of checks and balances such as our own.
,
it
will
leave
general law
part of the
the
electors
peculiarly
subject
Whether
to
the
domination of the centralized administration, as is the
case in France, or their Parliament a body torn with
local feuds, like that of Austria, is
a question which the
one were sure of absolutely
honest, impartial and able treatment from all future
Federal governments, Federal control of insurance
companies and other great corporations would be more
widely endorsed, and would be advocated by many
who prefer, as
iency and
its trust.
If
to take the risks of honesty, effic-
it is,
impartiality
in
State and local control.
This statement is of course a truism, but the matter
must determine.
As a problem in politics, the chief interest in the new is much argued to-day as if the fair comparison were
voting system of the Russian people will no doubt con- between the present local control with its failures and
verge on the question, how far absolute legislative successes on the one hand and the utmost success
rights, including control over the public purse, will be hoped for by the promoters of untried schemes of Fedgranted to the new Russian Parliament. So far as we eral control on the other side. And such a truism may
can see, the proclamation of this week makes no refer- help to clarify the issue.
ence to any such extension of its powers. Apparently
Something more can be accomplished by an expoit is still the purpose of the Government that the sition of the present results where the national GovernDouma, or National Parliament, was to remain merely ment is responsible as'shown in the corporation laws in
advisory in its nature, with the power to obstruct but force to-day in those parts of the United States which
with very little constructive power. This is the serious are wholly under the control of Congress. It would
question of the present movement. During the last be fair, we think, to include in such an exposition the
few weeks the world has been watching demonstra- corporation laws of the Dakotas which took their form
tions by the Russian labor unions and by the violent in territorial times.
But to be exact as well as fair,
type of anarchists. It has still to reckon with the so- we include only such laws as have been within the concalled "intellectualists," a body of no little force and trol of Congress since the present Administration came
power, which understands exactly how much and how into power. There are to-day five Territories New
In
little of real guaranty of popular self-government a Mexico, Arizona, Alaska, Oklahoma and Hawaii.
parliament under conditions as proposed would be.
a different class belong the Philippines and Porto Rico,
It seems to us to be at least reasonable to conclude but none the less under Congress. Last, but not least,
that no backward steps from the present Imperial con- the District of Columbia is permanently under the
future
,
,
—
THE CHRONICLE.
Dec. 30 1905.
What, then, has been the seems
entire control of Congress.
experience of the country with this kind of Federal
control, and what does the past lead us reasonably to
expect from Congress
of a wise exercise of
in the future
power by
.
either in the
any
way
the broadest type and almost
corporation ran be ordered by telegraph
sort of a
made
ready
less
The Oklahoma
to be no thought of restraint.
corporation law
or in delegation to
itself
1811)
New Me\ieo
for fifty dollars or less.
known.
well
of
is
Her corporation laws
territorial authorities under wise safeguards?
cated, but the expense of incorporation
Something may perhaps be said against interference by Congress in the affairs of the Territories
These communiproper, which must be temporary.
ties are soon to be States and, it might be urged,
that regulation and restriction forced upon them by
Congress now would not be politic. That, though
is not a very high standard as a basis of Government
action.
Taken together, then, the situation seems
to be one where much may be inferred from a state-
in the
ment
of the conditions as they exist.
and franchise law
of a corporation
Islands
Commerce and
moderate
is
In 1899 the Territorial
of share-
merely nominal.
local point of view.
holders, creditors
is
Legislature had
tin;
wisdom
each corporation doing business within her
borders to file an annual statement of its condition.
to require
In 1901 this provision was repealed, doubtless for the
purpose of attracting business and increasing incor-
As a producer
poration fees.
The question
of fees paid in return
New Mexico
for easily acquired privileges,
Department was seeking a charter and should
homa
Police of the Phillipine Commission.
however,
is,
No one who
unfortunate in her geographic location.
for the Phillipine
said to be pending before the
is
are compli-
extreme and the statutory protection
and the public
One incident serves to show the
is
travel west of Okla-
reasonably to be expected to stop
But that body is badly overworked and results in short of Arizona. In this latter paradise of limited
this direction are scarcely to be expected in the near liability even a lawyer is not necessary to aid in
of
to get
it
is
Porto Rico has an excellent and business- incorporation. At least one enterprising editor mainlike corporation law under which trusts might safely tains the "Weekly
's Bureau of Incorporation."
organize and with provisions upon the subjects of the We have in mind no "yellow" or casual sheet, but a
payment of capital in cash and stock watering much weekly paper well known as somewhat of an authority
future.
more analogous
New
to the
Jersey
on mining news and
statutes than to
standards currently set forth from high quarters as action.
Alaska has no general incorporation law at
its
price,
incorporation,
the desirable ones.
In
Its
it
all.
place her Civil Code provides that any corpora-
and
by law.
or of any State or Territory ma$ upon practically
no terms at all become a domestic and Alaskan corporation.
It must file its charter and a brief statement and consent to be sued within the territory.
No other limitations exist. However bad the corporate purposes, however inexpedient the powers
conferred upon directors or officers, however unjust
of the advertising
in Alaska,
services,
for
sixty dollars, which
and the
bill for
and expenses,
including a local agent.
There are no local taxes
except on local property and no local duties or responsibilities whatsoever.
The situation of Hawaii
and its previous history are such that its experience
would not be instructive here.
The condition of the laws of the District of Columbia
all
services
authoritatively stated in President Roosevelt's
is
He
high court has special message of January 30 1905.
recently decided that a corporation, after filing such
may
is
its
So does the attorney become the adjunct
department. After incorporation
ten dollars annually will cover
the charter provisions to shareholders or creditors,
this territorial code established by Congress has no
papers,
for all fees,
for
advertising the articles of incorporation as required
r
A
independence of thought and
represents as merely the cash fees
tion organized under the laws of the United States
concern and exercises no restraint.
for
complete,
directed the Attorney-General to
make
says:
"I
a report to
power of eminent domain me upon the subject. From the report it appears
would seem, irrespective of that in the past two years there have been incorporAn illustration of the lack ated under the laws of the District, 2,211 companies
exercise the
and
this,
it
financial responsibility.
of care exercised in the preparation of this part of
with a total authorized capital of nearly four billions
leaves whether a cor-
companies thus incorporated
represent no actual investment and may be used
to perpetrate fraud.
On one day
of this week one person presented for filing articles
of incorporation for 54 companies.
The authorized capital proposed for these companies was
over two hundred million dollars. The Attorney-
the Code
the doubt which
is
it
of dollars.
poration organized under the laws of the District of
Many
of the
...
Columbia can do business in Alaska. The limitation
to corporations organized under the laws of States,
Territories and "the United States" makes this point
turn upon the answer to the question whether the
laws of the District are laws of the United States.
Before the recent decision in the Benson case by the General closes his report with the statement that
Supreme Court, this point was doubtful. While 'the law governing the function and control of corthat decision does not wholly clear the matter up, porations in the District of Columbia is not, as it
the opinion there given indicates that Congress has should be, a model of its kind, but, on the other hand,
And this sweeping condemprobably so treated the laws of the District of Colum- is hopelessly vicious.'
bia as laws Of the United States as to solve the doubt nation is enlarged upon and emphasized in President
.
.
.
.
.
.
'
and
at the
same time
fix
the Congressional responsi-
bility.
Oklahoma
is
nearer
home and more
notorious.
Roosevelt's
usual
"immediate
consideration
"The
In
vigorous
style.
of
the
He recommends
subject,"
saying:
case calls for the most radical remedy.
The
most recent of our Territories it would seem that right of incorporation ought to be suspended at once
some foresight might well have been exercised from until Congress can devise proper legislation for guarWashington. The illustrations furnished while Da- ding its exercise. Moreover, measures ought to be
kota was a Territory were and are too recent and taken to^annul the charters which have already been
But there issued," and he also recommends "the replacing of
glaring not to be in the mind of Congress.
this
I
I
THE
H20
CffiRDNIQIiE.
these incorporation laws by those which are governed
sounder principles" mid under "a proper public
I
or later distinct
line really
harm may
from this method;
result
may
inadver-
blc line:
hat
undesirable securities
tently be brought within the pern
supervision."
Vol. lxxxl
'-
incautious bank managers, in
message Congress UftS of the privilege
volve their institutions in
to buy the same. BQ
But signs are not lacking that
.haps, taken to heart the serious loss, that is Leading to a demand for reform.
present Congress h;
The dissatisfaction referred to finds exp:
It would act more
in*a
lesson taught by such a condition.
"
wisely to grasp the oppori unity which this territorial dispatch from Nov/ Haven printed in the Boston Even-
On
(his
-
1
J&t taken no sub-
;
stantial action.
field
undoubtedly
offers
t&arj
to
strain for a
juris-
over everything and lose everything
For instance, it is proposed by Representacourts.
husetts and Landis of
tives Butler Ames of
in
diction
the
ing Transcript." This dispatch says that savings
Officials
come
bank
are decidedly of the opinion that the time has
for a radical
change
in the present
Using securities for bank and trust
system
company
of
pur-
Indiana that Congress should pass a uniform and chases. The feeling is gaining ground, it is stated,
complete life insurance code imposing Federal super- among bank men that the method Connecticut now
vision upon all companies doing business in the Dis- employs to determine the bonds in which the savings
trict
of
Columbia or
in
any Federal
territories.
drafted along the lines proposed
If
by
such a statute
Representative Ames and with the skilled assistance
which the Massachusetts insurance authorities have
furnished to him, and should pass and go into operation for a few years, it would provide a further illustration of Federal supervision without encountering
is
the gravest constitutional difficulties which stand in
the
way
of a general
Federal insurance statute.
institutions
may
should
invest
be
completely
altered
The correspondent
of the "Tr;
Elliott id. Morse, Treasurer of the
Bank
of
quotes
b" also
I
tieut
Savings
New Haven,
points out that
in seeing the
to the same effect.
Mr. Morse
bank managers are naturally interested
investment
widened, since,
if the
proper securities are admitted, the opportunities are
much greater for placing the money of the depositors
field
can make the best returns.
But these
managers do not w ant to see the field widened simply
wdiere
it
T
SAVINGS BANK INVESTMENTS IN
CONNECTICUT..
certain
owners
of the bonds.
Mr. Morse suggests that hereafter the securities to be
The question of amending the savings bank invest- made legal investments for the savings banks should
ment law is being vigorously agitated in Connecticut. be ehosen by a committee of the bank managers of the
That State is in much the same position as was our State. These men, he well says, are experts in the
own State before the amendment passed at the last business; they know what the banks ought to be alsession of our Legislature, completely changing the lowed to buy, and know what securities are safe and
for
the benefit of
vogue of providing an acceptable what are not. They w ould not be apt to discriminate,
in which savings institutions may as it would be for their advantage to have as wide a
Connecticut has long followed our choice as possible open to them. The fist that they
invest their funds.
own old plan of specifying the securities in the statute would prepare would then go to the Legislature for
by name and of making additions to the list with each endorsement, with some legal restriction that no other
new session of the Legislature. Its experience, too, securities should be added by action of the Assembly.
has been like our own that is, not altogether satis- The whole trouble heretofore, he urges, has been that
factory, though without tangible harm to the banks. after the proper securities had been chosen by the bank
The method is objectionable for the reasons many committee, outside interests have gone to work and
times mentioned in these columns, namely that only have added other bonds].
On the other hand, it is stated that some bank men
such bonds gain admission to the list as may have
friends to urge their claims, while others perhaps suggest that the State should pass a general law
equally meritorious may be excluded because no one standardizing the savings bank investments.
If this
is interested in pushing their claims. Sometimes it hap- were done there would be no biennial additions by the
pens, also, that securities not yet sufficiently tried or Legislature, but the field would be open without reIt appears that
lacking approved standing are brought within the striction to the banks to invest in.
on
the
whole
been
in
seeking
Connecticut has
the motive
to get a security in the savings
permissible line.
less rigid in its choice and designations than has New bank fist often is not so much a desire to have the
York while additions to the list have been just as fre- savings institutions invest in the same, but that there
quent as they used to be in this State. For instance, is an advantage from a selling standpoint in having
at this year's session of the Connecticut Legislature the bonds in the list; that Is, it raises the bonds in
the first mortgage bonds of the Southern Indiana public estimation to have it known that they are
Railway Co. were added to the list. This is one of sanctioned by law as investments for savings banks.
the roads in which Mr. John R. VValsh of Chicago is In brief, the moral support given by the State in desiginterested and it is the fact that the banks with which nating such bonds is of great business value to those
Mr. Walsh is connected had to ask assistance of the having the bonds to dispose of. To see*ure the seal
method previously
body of securities
T
in
—
,
,
Chicago Clearing House last week that has given
of approval of the Connecticut Legislature has
meant,
stated, that certain bonds have
It does not appear likely that the Connecticut sav- been put on the general market with the stamp of the
ings institutions will lose anything by reason of their State's approval.
It is properly urged that the State
investment in Southern Indiana bonds, assuming that should not go into the business of appr
bonds.
same.
But the question is
they hold some of the
We think the best plan for Connecticut to pursue
It
is
the.
method
that.
of
than
selection
broader
will be to adopt a general law somewhat like that
which is being criticized. It is the fear that sooner which is now in force in this State, fixing certain reto the present agitation of the subject.
rise
in several cases,
it is
Pi-.c.
THE CHRONICLE.
30 1905
18-21
and conditions and making legal all
tion of technical errors;
and (:4) the detection of
I'urities that conform to such standards and require- arrow Of principle.
We think very few will be inments. The Legislature should not be allowed to clined d> take exception to this generalization, and
name
uritiee, and we hardly think
advisable obviously it is applicable alike to audits of private
to allow even a committee of hank managers to name con
nd of corporations. Of course in the
of the latter the process has to be carried a step
them or recommend them and have su sh recommen
incorporated in the statutes.
The latter would further. The chief point- arising in the course of an
of course be a great improve
over the pre*
audit of a corporation that do not occur in the audit
arrangement. The fitness of the man;
private linn are summarised as follows: (a) the
or tintask must be admitted.
Nor can there he any d »ubt audit of capital stock and bond accounts; (b) the
hiit they would
d good judgment audit el dividend and interest accounts;
and (o)
quiiviiKnits
it
I
i
:
t
i
making th
method would he
upon the require
Neverthel
in
&e.,
to let the
quirements
would remove
all
tine
irnings, milei
bom
all
automatii
fall
po
--!
;
mch
the
nto
>'';'>
I
;
st.
the public
in
is
mood.
critical
retailers,
'!
when
Moreover, such a
the provisions for a
.1 extension of the
ting the need for
list,
by specijal
it
bond might noj be
enlarging
For Instance,
i.
I
ordance with the requir,
had not been paid by. tiie coj
to-day
a
in
tin
1
various statutory requirement
The book is a genera] one dealing with all branches
of accounting— being intended to meet the need of
all who may have occasion for an aduit, whether
banks,
contractors,
executors and
insurance
publishers,
trustees,
which even men of the matter
entirely escape
a
plan would contain wit
certain
list.
re-
of discriniina-
..
ives,
of the highest
compliance with
he;
bank mi
divid
d then have
iS
far
companies,
and some
etc.
Our
necessarily elementary.
is
chief
purpose in this article is to refer to one or two points
covering subjects of general interest and which are
receiving wide discussion at the present time, particularly
in
their
relation
to
the affairs of corpora-
Naturally Capital and Revenue are given much
It is pointed out by the authors that
itons.
consideration.
between
divide
the
the bonds
revenue expenditure
distinction
capital
one
and
expenditure
primary importance
for the required length of time.
as bearing upon the fundamental question of what
But ne
:\ with
profits have actually been made by an undertaking
the payment of an
year's divide,
during
any given period. It is »
might come fvJiy up to th
and conform to
ed, however,
Sooner or later (
the conditions.
icut will have that much unnecessary complication has been introduced in discussing the subject, and that when the
to come to this point, just as has our own State.
wholly irrelevant matters are brushed aside, the funis
of
|
PROPER METHODS OE ACCOUNTING.
damental question
will
In the abstract this
With
the growth of mercantile and financial enter-
eounf
prises in this
i
be found simplicity
is
and
quite true,
itself.
there
yet
certain phases of the matter that can not be thus
particularly the multipli-
summarily dismissed. In the opinion of the author
the question to be answered is simply this: "Has
become increi
methods of audit an
the particular expenditure incurred in any individual
important. We are gla
to see. therefore, that an
been incurred for the sake of improving the
American edition of Dicksee's Auditing has been
earning capacity of the undertaking?" If t!
er
Dicksee's Auditing has long been a standard
ted.
to this question, we are told, is in the affirmative,
work in Britain, and has also to some extent been then,
and to that
the expenditure in question
in use in the United 81
but in the English f«
capital expenditure.
But if it has only had the
it would hardly be suitable for general adoption in
effect of putting the earning capacity of the underthis country on account of the differences existing
irig upon
the same footing as tl
hich had
in accountancy nomenclature, laws
.stoms
previously Obtained (and which has since declined by
It
tween Great Britain and the United
the ordinary process of wear ami tear, or the effluxion
therefore a happy thought that suggested to Mr.
of time, in respect to which no provision has been
Robert H. Montgomery re-writing considerable porie), it must be charged against revenue.
The
tions of the book in order to adapt it for use in this
precise meaning of this latter qualification, it is added.
qualimtry. Mr. Montgomery of coux&
is that the mere hen wad of wasting assets, not.
otheris
no
-u
bui
of
fied for the task,
affe<
there
cation of enterprises in the corporate form, proper
1
i:
l1
,
wise provided for, cannot
periority in his
eomments and
d
!nd<
be called capital expendi-
but that aUy extension, or the acquiring of
book that both the English fresh athe nature of capital expendit pre.
author and the American author write in a mod
definition the foregoing may be accepted as
kind of way and do not assume that what the
absolutely correct from a technical Standpoint, but
•he last word on any of the controverted poii
in practice doereally cover the whole ease?
Conc in
ap1 i" bt
•"
it
applied bo American railroad.-.
In Great
views.
That is a common falling of bb< pro
Britain the definition would be unobjectionable even
It should be added that the
in its
to the
it
is
ture,
;
a chief merit of the
i
it
i
application
avoids
her
te
m
its
fere
atic
account
running the
in style.
The
threefold:
And
;
uit
for
burdened Onh
road and pi
u for
als;
and
(1; The
object
railroad-,
•
are
all
i'niprovt
out
v.
there the e
ith
the
A.
\".t:i
iT
'.•
i
V\
I
of
-pairs
i
&-
la;.
idly eh
.In
apital
the
.
holty d
Dick:
cOi
situation
of coill-
diminution
in
the
atyerai
THE CHRONICLE.
1822
and the demand of the public for inaccommodations and facilities, experience
has demonstrated that the appropriation and setting
aside of a certain amount out of income each year
for improvements and additions is an absolute neAll our well-managed roads pursue this
cessity.
policy, and even if in any case a management should
feel inclined to depart from the practice, it would be
powerless to do so. For the fact that all the other
roads were still adhering to the method of charging
improvement work to expenses would make a like
course obligatory upon it. If it did not provide the
same facilities, and at the same minimum of cost,
as the competing lines, it would have to go out of the
business.
Hence, it might happen that an audit
conducted in accordance with the above definition
would find the accounts entirely correct, and yet
rates received,
creased
[
VOL.. T.TTTT
If this last statement stood alo*je we should! hardly
be inclined to express atccord with} it at least in the
broad, unqualified way in which it appears. Take
—
the case of a shrinkage in the value of the goods or
materials on hand because of a decline in selling
That
a form »f fluctuation in the value
and it certainly ought to be taken into
the accounts. The text of the paragraph shows r
prices.
is
of the assets
however, that it is not intended that such an assumed
shrinkage should not be taken cognizance of;, for it
is reasoned that an unfavorable fluctuation in floating
assets may be disregarded so long only as there isevery reason to believe that it is of a temporary char-
but if it seems likely that conditions will remain
unfavorable until the time comes for realizing those
assets, then the loss should be anticipated; or, to'
speak more accurately, it should be changed against
the railroad, through a failure to include improve- the period in which it actually occurred, rather than
ments in the expense accounts, be inviting sure decay. against the period in which it was realized. With,
We urge this point simply because of its importance this we are in entire agreement.
and to show that the subject is not wholly free from
difficulties.
Mr. Montgomery in his preface disLISTINGS ON THE
YORK STOCK
tinctly and specifically admits the necessity for
EXCHANGE IN 1905.
recognizing the wide differences between our laws
Our compilation of the listings on the New York:
and customs and those in England, and notes that while
Stock Exchange during the calendar year now ending,,
the essential principles underlying all properly conpresents the following noteworthy results:. (1) Much
ducted audits are the same, yet it may be found
the largest total of bond issues for new capital of any
hereafter that more radical modifications in Mr. Dickyear in the history of the Exchange, the bulk of the
see's text will be in order than those he has made in
contributions coming from twelve leading railroad systhe present American edition of the book. The
tems, chiefly on account of improvements and addimatter of improvement expenditures is, perhaps,
tions, supplemented by several government and muone of the particulars in which accounting methods
nicipal issues of large size; (2) with no railroad remay have to be changed, or at least one of the things organizations, other than the re-capitalization of the
It would,
of which cognizance will have to be taken.
Western Maryland, an amount of securities replacing
no doubt, be a good idea to have these improvement
and refunding others that has seldom been exceeded
outlays segregated and stated as a separate item,
in a single twelve months, this being explained by the
so that their magnitude and extent can be readily
refunding of a few large loans, one railroad amalgadetermined. The practice of mingling them with
mation (Atlantic Coast Line-Louisville & Nashville)
the ordinary expenditures should be discountenanced
acter;
NEW
and several great industrial consolidations and reorganizations; (3) an aggregate amount of bond issuer
compare results on one road with the results on
for all purposes in excess of any previous year; (4)
another road, and to determine the relative economy
stock issues for new capital on a low level, but the total
with which they are being operated.
of all shares listed raised to a considerable aggregate by
We quite agree with the author when, in defining industrial consolidations, reorganizations, etc.
"Net Profit," he registers "a protest against the
The usual ten-year comparison is as follows:
method adopted by many companies of stating in their
LISTINGS ON NEW YORK STOCK EXCHANGE.
published accounts a so-called 'net profit' out of
Replacing
Issues for new Old issues
which it is proposed to set aside a certain sum for
Bonds.
because that makes
it difficult,
depreciation, etc."
A
can only be arrived at
if
not impossible, to
capital, etc.
true net profit,
after charging
up
expenses,
all
including, of course, depreciation, interest
on bonds,
etc.
In treating
of depreciation
(as applied
to
manu-
facturing corporations) the author reminds the reader
of the distinction
between depreciation and fluctua-
Depreciation
tion.
is
a shrinkage in value which,
to take place as being a
the possession
sequently
is
and enjoyment
a charge
against
of the asset;
it
con-
revenue. Fluctuation
from causes entirely outside
the business and may affect the value
on the other hand,
the scope of
may be
expected
consequence
of
necessary
in the ordinary course of events,
arises
of its assets either adversely or favorably.
The opera-
tions of fluctuation cannot, however,
is
therefore as a rule,
regard
it
it is
in the accounts.
listed.
old
securities,
Total.
argued,
$569 ,079,000 $20,000,000 $390,947,650 $980,026,650
535,079,600
105,269,100
8429 ,810,500
12,798,000 376,975,750 581,288,800
al91 ,515,050
2,878,000 333,124,987 a533,519,30O
197 516,313
923,010,100
21,270,100. '681.568.300
220 ,171,700
6,287,000i
443,713,000
289,747,403
147 ,678,597
156 304,760
22,908,000 346,171.480 525,384,240
700,064,680
428,602,200
26,243,000
245 219,480
15,713,500 253,981.900 357,415,902
87 720,502
427,317.000 582.286,700
7,626,000
147 343,700
905
904
903
902
901
900
899
898
897
896
Stocks.
905*
;
904
903
902
$125 123,300
120 ,635,050
172 ,944,200
251 ,069,400
429 ,537,450
296 ,550,572
901
900
899
898
897
896
311 ,420,285
69 ,754,130
53 ,275,671
76 573,572
the
—Applications
marked "assented"
$99,889,200 S3 08 422,400 $533,434,900
55 231 ,750 175,866,800
38,791,600 215 154,495 426,890,295
784.032.595
521 500,895
11,462,300
76.090,600 1,136 385,665 1,642,013.715
620.935,000
194 179,428
130,205,000
392 752,320 704,172,605
528.153.996
405
753,266
52.646,600
24,369,900 425, 329,320 502,974,891
514 158,643 590.732.215
Trust Company receipts and of
preparatory to reorganization), or of
stamped "assumed" or "assessment paid" the securities
themselves having previously been listed are not included in this table.
a Not including $1,155,000,000 Imperial Russian State 4% certificates
Note.
securities
securities
for
listing of
(if
—
—
of rente.
one way or the other;
As here shown, the bond issues for new capital, etc.,
argued, it is best to dis- reached a total of 569 millions, contrasting with
about 430 millions in 1904 and with amounts ranging
affect true trading profits either
and
it
now
well said,
it is
I
Dec. 30
i
THK CHRONICLE.
1905.
from 87 millions to 245 millions during the year 1896 to
1903, inclusive. The total of all bond issued added to
the list is 980 millions, as against 535 millions in 1904
and 923 millions in 1901, this last amount having pre-
1823
—
Company and title of loan
Amount.
PwpOSt of issue.
Intern. Paper consol. corn
Andltlons and lmpta.
6,000,000
Intern. St. Pump. 10-yr deb. 6a
i. ooo. ooo
Impts. dt work. cap. '-1
Keystone releph. of Phil. 1st 5s
;,n purp. A wolc.osp
4, ooo. ooo
5,(>oo.ooo
Laclede Gas rel and ext. 6a
...
Additions and imp)
Lehigh Valley Coal Is! guar, bds.,) 1, 400,000.. Acquis ns .V work. cap.
Int. reduce,
to
J
n. \ * uiciiin. isi
335,000
[mprovementa.
Padflc Coast 1st 6a
...
564,000
Acquisitions.
PrOT. Loan SOC. Of N.l 4> BOf'04
I.OOO.000
Working capital.
Republic of Cuba sold ">s of 11)04
35.000.000
ieneral purposes.
Tenn. Goal, Iron & RR.gen.5a
610,
cch. for old bonds.
<
I
I
.
viously been the highest record.
The purposes
which the various bond issues were
for
(
I
put out are stated
in the following table:
1
LISTINGS OF EtAIL&O LD BONDS.
Company and title
At eh. Top. & S. Fe
Atl. Oowt Line lilt.
of loan
—
do
S.of Mexico gold 4a of 1904...
1
850,000
40.000,000
Improvements.
Retire old bonds, pnb-
(
lie
\
U. S. Realty
.t-
Impt. conv. deb. 5s..
90,1)00
Amount.
1'urpose flf (ant*,
50-yr. conv. 48.33,430,000. .Coustr'n, equip't, etc.
1st eon. 4a
1,888.000. .Impts., equip't, ete
do
4,008,000 .Retire old Donds.
do
do L.A.N, coll. tr. 4s.35 ,000,000-. Acquire L. A N. stock.
4.5S.OOO. Improvements.
B. & O.— P. L.E.&W.Va.sys.ref. 4s.
do
do
do
3,889,000.. Refunding old bonds.
BufT.itSu^q.UK. 1st rel. 4s
3,076,000 Const'n and lmp'ta.
do
do
141, (KM)
Retire old bonds.
Through line 1st gu. 4s. 8,300,000/ Construction of I.ucin
Cent. Pac.
do
do
do
<lo
purpoi
1
,
etc.
Exch. for I'. S. Realty
A Construction stock.
]
\
Car ('hem. 10-yr. coll. tr. 5s
\ 1
6,500,000
Icqulsi'na .V gen. purp.
Westchester Lighting 1st 5s
29,000
Retire old bonds.
do
do
do
527,000. Extens'ns A lmp'ta.
West. U. Tel. fund. ,v r. e. 50-yr. 4)^s 3,000,000. .Imp'ts and extensions.
.
.
—
cut-off.
\
do
Chesa.
Chic.
A
refunding gu. 4
1st
KU.ref. 5s
All.
—
do
&
A purch.Qulncj
Imp'ts
I
Cur. Est. L. Ky.
4.314.000. Retire old bonds.
5.000,000. . I mp'ts, equip
etc.
300, 000. .Improvements.
3,846,000.. Impts. and acquisit'ns.
3,154,000 .Retire coll. tr. notes.
"13
5s,
151 ,000 f Acq. St. L. & S. F.
\
Clue. Burl. & Q.
111. Div. 4s
Chic. & E. III. ref. ftlmpt. 4s
Chic. Ind. & Louis v. ref. 5s
Chic. R. I. & Pac. Ry. ref. 4s
do
C. R. I.
Pay note to Govt
Impts. and extensions.
5.881,000
2,000.000
5,362,000
* Ohiogen. 4Hs
The
amount
$411,792,650
systems
railroad
of the
bond
contributing
issues for
new
the
greater
capital, etc.,
em-
brace the Pennsylvania, with about $72,500,000, including 533^2 millions of its own convertible 3}^s for
.
t
do
P. RailroadeoU.
Total
tr.
,
com. stock.
53,000 .Exch. for old bonds.
,000,000. .Impts, equip't. etc.
636,000. .Extensions and impts.
construction, equipment, etc., and 19 millions of the
same
issue for the acquisition of 'additional stock in the
Company
Pennsylvania
(indirectly supplying funds for
1
Chic. St. P. Minn. & Om.'con. 6s
Clev. Cin. Ch. & St. L. gen. 4s
Den.
&
R.
coll. trust
G—
fours
R. G.
DesM. &Ft. Dodge
W.
1
mort. Al
1st
,
,
—
—
,
Ry. AUn.Dep't.Co.
\
5, 760, 000.. Construction of road.
Seab. Air L.-Atl.-Birm. 1st 4s
South. Ry.— M. & O. coll. tr. 4s, '38
30,000. _Exc. for M.&O.gen. 4s.
1st con. 5s
do
3, 040, 000. .Improvements, etc.
do
do
34, 000.. Exch. for old bonds.
Texas <fe Pacific 1st 5s
2,766,000.. Retire East Div. bonds
Vandalia RR. con. 4s, ser. A
1 ,073,000. .Impts. and equipt.
do
do
5,927,000.. Retire certs, of indebt.
Vera. Cruz. & Pac.'lst guar.
7,000.000. .Construction of road.
173,000. .Improvements.
Wabash
Om. Div. 1st 3!^s...
do
1st lien term. 4s
793,000. .Acquisitions.
Wab .-Pitts. Term. 1st 50-vr. 4s
27,000,0001 Const'n, impts., acqui.
Wli. .v I.. K. stk. .etc.
2d 4s.'.
do
20,000,000/
West. Maryland 1st .50-vr. 4s
4,434,000. .Construc'n, Impts., etc.
Acquire int. City of
do
gen. 1. & conv.
4s. . - 10,000,000
4KS—
RR—
f
Bait,
\
and gen. purp's.
$538,584,000
Total
LISTINGS OF STREET RAILWAY BONDS.
—
of loan
.
i
*
Total
$29,650,000
.'.
Amer.
Amer.
Amer.
Amer.
title
of loan
Cotton Oil deb. 4
Ice Securities deb.
'-'.
Telep.
—
!
bom
do
Y.
ZH% corp
assessment
rtock
3
.-..il*.'.
'
ed
2
ooo
Acqiii-iti..
General purposes.
000.000/
Exch Col
'"
Col. Ind
12,537,000
2,600,000
..
proper!
Leath pf.-tk.
10
.
|
purposes.
Am. I. pf
28. 1(
'-j
do
B
Govt.of Philippine Isl. 10
Hudson Co. Gas 1st 5s, 1949
do
do
for
of
Exten Ion of system.
20,000,000
60,760,750
72,767,000
4s
Tobacco 6a of I'm
do
4sofl061
Central Leather Isl Uen6s
do
do
do
City of N.
ral
K\<-
.".40,000
I
at I.i
of prop's.
impro
. Impro vem<
Public
570.000. Retire old bonds.
Imp.Jap.Govt.6'7, ster.loan,2d ser .60,000,000. Extraordi'y i.urposes.
,
4s.
The
clude 30 millions
issues of the class
New York
also in-
Central debenture 4s
10 millions similar bonds issued
Lake Shore;
named
by
its
and
subsidiary, the
also 32 millions Atchison convertible 4s;
293^ millions Iron Mountain (Missouri Pacific), two
issues; 17 millions bonds of Union Pacific system, 8^
Oregon Short Line 4s and the remainder
Lucin Cut-Off bonds of the Central Pacific.
There are also included the two issues, aggregating
47 millions, of the Wabash-Pittsburgh Terminal Ry.,
which forms the Pittsburgh connection for the Wabash
and other Gould lines. More or less closely allied with
millions being
the
the last-named issues are the bonds of the Western
Maryland. The Rock Island system, for improvements
and additions, has listed about 10 millions of bonds,
this amount including 5 millions of the Eastern Illinois
1 million of the St. Louis & San Francisco and about 4
millions of the C.
Among
R.
&
I.
P. Ry.
bonds replacing old securities are the 27^ millions of Pennsylvania Railroad
convertible 3J^s, with the proceeds of which were rethe
railroad
amount
tired a like
of old
6%
bonds, thereby effecting
a reduction in interest charges largely offsetting the increase due to the company's other
new bond
issues dur-
The Oregon Short Line (Union Pacific),
having retired its "4% and participating" bonds, issued 363^ millions of refunding 4s, and the Lehigh Valley retired its 8 millions "mortgage and collateral trust"
5s and a block of car trusts and issued 20 millions of a
new issue of general consol. 4s. The New York Central,
ing the year.
has disposed of 9 millions of
the proceeds of which
A:
bonds, with
retired the last of its old
The acquisition
funded debt.
Louisville
it
3J^%
of the control of the
Nashville by the Atlantic Coast Line has
resulted in the issuing of 35 millions of collateral trust
ecured
by deposit of the
L.
&
N*.
stock taken up.
Chief anion"; the issues of miscellaneous bonds rep-
PurpoSt
2, '',->.->. ooo
«'>-
ft Teles;, coll. tr.
RU
$2,000.0
a
guaranteed
:
LISTINGS OF MISCKI.I.WEOUS
Company and
trust certificates, 9 millions P. C. C. St. L.
guaranteed 4s and 4 millions Long Island Railroad
also,
Am'-
Pvrpost of issue.
and impts.
Brooklvn Rap. Transit 1st ref. 4s. ..$10,042, 01
Extensions and impts.
Detroit United Ry. 1st con. 4>-£s.
4,607,000
6,860,000., Retire old bonds.
do
do
do
Improvements, etc.
Havana Electric Ry. 50-vr. i,660,000
do
Id bonds.
do
6,307 000
do
Burl
Metr. St. By. N. Y. ref. 4s
1 ,284,000.- Retire B'waj
title
Company
/
gu.30-yr. 4s. 3 ,072, 000.. Retire old bonds.
Erie & Pittsburg gen. gu. 3^s, ser. C. '742,000.. Improvements.
Gr. Nor.—St. P. M. & M. Pac. ext. 4sl5, 000,000.. Old bonds just listed.
do
do
do
5, 000, 000.. Extensions and impls.
Gulf &Sh. Isl. 1st ref. &term. 5s
{363,000. .Impts. and equipt.
Hock. Val.— Col. &Tol. 1st 4s
2, 479, 000.. Old 7s extended.
Kans.C. Ft.S. &Mem.gu. ref. 4s...
153 ,000.. Refund old bonds.
do
do
do
...
804,000. .Impts., equipt., etc.
LakeSh. & Mich. So. 25-yr. deb. 4s.. 10,000,000.. Impts. constn., etc.
Lehigh Valley gen. consols
-2, 664, 000. .Pay car trusts.
do
do
17,436,000. .Retireold bonds.
Long Island guar. ref. 4s
-3,878,000. .Improvements.
do
do
1,813,000.. Exch. old bonds.
Louisv. & Nashv. unif. 4s
4,859, 000. .Improvements, etc.
do
do
1981. 000. -Retire old bonds.
M. &St. L. 1st &ref. 50-vr. 4s
500.000. -Improvements.
M. St. P. & S. S. Me. 1st consol. 4s. . 3, 000, 000.. Construction of road.
Mo. P.—St. L. I. M.& S. un. &ref. 4s 2, 784, 000.. Exch. for old bonds.
do
Riv. & G. divs. lstI30-yr. 4s. 4, 487,000.. Construction of road
do
40-yr-4sof 1945
25,000,000.. Extens'ns, imp'ts, ete.
Nashv. Chat. &St.L. 1st cons. 5s...
42,000. .Retire prior liens.
Nat. RR. of Mexico 1st 4s
2,496. 000.. Imp'ts and extensions.
N. Y. C. & H. Riv. 30-vr. deb. 4s
30, 000,000-. Terminal, etc., impts.
do
do 100-vr.3Hs
9, 064, 000.. Retire old bonds.
N. Y. Ont. & West. ref. 100-yr. 4s... 2, 063,000.. Improvements.
N. & West. Div. 1st 1. & gen. 4s
3,000,000.. Extensions and impts.
do
1st consol. 4s
690, 000.. Extens'ns & impts.
36,500,000..
Ore. S. L. guar. ref. 25-yr. 4s
Exc. for4%& part. bds.
do
do
do
8, 500, 000.. Corporate purposes.
Ozark & Chero. Cent. guar. 5s
2,880,000. .Construction of road.
Panama RR. 1st 20-yr. s. f. 4>£s
607, 000.. Equipt. & impts.
Penn. RR. 10-vr. conv. 3Hs
27,480,000.. Retire consol. M. bds.
do
do
19,000,000. .Acquire Penn. Co. stk.
do
do
53, 520,000.. Const'n, equip't, etc.
Penn. Co. 40-vr-gu. tr. certs., ser. C__ 5,000,0001 Improvements.
do
do
do
D..1 0,000, 000 J
P.Cin.C. &St. L.con.gu.4s,ser.F__- 4,871,000. .Improvements.
do
do
do
4, 126,000.. Retire old bonds.
St. L. & San Fran. ref. 4s
1,000,000.. Imp'ts, equip't, etc.
do
do
107, 000.. Retire old bonds, etc.
South
St. Louis
w. con. 4s
520, 000.. Construction of road.
do
do
2,801 000.. Pav equip, oblig's, etc.
do
do
1992,000/ Acquire see's Dal. Ter.
Company and
capital requirements); also 15 millions Pennsylvania
new
resenting
are the 60 millions of Japanese
capital
Cuban
bonds, 35 millions of
New York
Republic 5a and 373^
The American
(Bell) Telephone A Telegraph Company, for the purpose of further extending its system, baa issued and
listed 20 millions of
per cents. The great tobacco
millions
of
City bond.-.
l
consolidation, in exchange for securities previously in
the
hands
of
the public, has
issued
123 millions of
TTHE CHROXK'LK.
IH24
bonds, partly (is and partly 4s, while the new subsidiary
of tlio reorganized Colorado Fuel & Iron Company, the
Colorado Industrial, has issued,
pl:m
ol
S%
teed
been
accordance with tfae
reorganization, about 25 millions of guaranbonds, it will be noticed that there have also
in
street railway loans of considera-
listed several
ble six
street railway
in the follow-
ing tables.
LISTINGS OF RAILROAD 'STOCKS'.
Company and
class of
Coast Line
Amount.
Purpose of issue,
$7,330,000. .Stock dividend.
l,500,ooo .Extensions
ad impts.
Impts. a
16,900,000
2,000,000
impts., eqiiipl ..etc.
6,875,309/ Exch. Map.CJtjr^sFort
stock—
RR.com
Buff. Roch. & Pitts., com
Canadian Pacific, com
&
Chic.
>
pref
East-; 111.,
Chicago Great Western,
com
\
1
do
do
Chic. & North West, com
('lev. Gin. Ch. & St. Louis, com
Derrv': & Rio Grande, i>i'cf
Great Northern?, pref
f
stock, etc.
new mileage.
\
Mexican Central, stock
do
do
Nat. RR. of Mexico, 2d prel
do
do
deferred
11
Sm F.—
&
Exchanged
i
III
for
corn-
J
3, 172, 600.. Exc. for
111.1
J
certs.
I'aeitic,
.-.'.
2,020,000.. Exc. for C.&E.'ltf. stk.
.1
t
tr.
2.1,000. .Acct.
ti7,600\
&C,
Kf.—W. & O. stock
common
1
mon stock.
33,800)
1,201, 100. -Exch. stk. of subsid's.
3,341 ,900. .Impts. and equipt.
538, 500.. Exc. C.R.
P.fltt.stfc.
>
Union
,
488,200-- Retire income bonds.
':i
I', iinia, stock
Pfcts. Ft; W.
i;uar. special
Rock Island, conuiioli
St. L. <K
Cfflc. & East
common stock'trust certs
St. L. & San. F'.— Chic.
East
common stock rust certs
South!
in-
1,
1
4%
.
163,400.. Exc. W.M.<M\u\ >tk.
I0,608r,200.. Capital requirements,
7, 597, 600.. Impts., equipl., etc.
1,312,700-. Improvements, etc.
196,400 Exoh. St. I'. M. & M.
do
10%
10%
tr. certs"!
17,000. .Exch. for M. & O. stk.
69,037,009. .Exch. for com l)onds.
14, 659 ,500 ..Exch' sees, constat. cos.
15,685,400 f Acquire int. City of
Baft. & gen. pur
I
Total
$176,922,S00
Mexican Central, 14^ millions Vandalia and
153^ millions Western Maryland.
The coming to Xew York of the stock of the Philadelphia, the St. Louis and the Havana trolley companies
has swelled the listed stock issues by about 55 million
dollars the 30 millions of the Philadelphia Rapid Transit
Company, however, being only 40% paid. The Leather
and Ice reorganizations, the Tobacco and Kodak consolidations and the Rubber amalgamation have together occasioned the issuance, in exchange for existing securities, of about 190 millions in the aggregate of
new stock. Other notable
of share capital are
the two classes of stock of the Pittsburgh Coal Co.,
together aggregating 64 million dollars, most of
which has been outstanding for a considerable period,
and the (approximately) 13 millions of North American
stock, with the proceeds of which the company acquired the control of the trolley companies of St. Louis
and substantially completed its ownership of the share
capital of the lighting companies of the same city.
The additions to the "unlisted" department have
been quite important, as is shown in the following
millions
li
tnble, but, following our usual practice these securities
,
Company n,ui cla&k of x!ork-—
Havana Electric Ry., common
Purpose bf ww.
General purposes.
nini.
$7,500,0001
do
do
pref
5,O00,O9OJ
Phil. Co. of Pitts., prei
255,2001
do
do common
1,047,000!
Phila. Rapid Tr. stock (4Q% paid). .30,000,000.
Twin City Rapid Transit, com
1,489,000.
United Rys. of St. Louis, pref
1,227, 300.
do
do
do
11, 755,900.
Total
are not embraced in our resume above of the regular
listings
no
do
do
American Smelters Securities,
American Woolen, pref
Acquisitions and corporate purposes.
.Old stock just listed.
.Additions and impts.
.Sold for cash.
.Old stock just listed.
Distillers' Securities
Amer. Coal
of stock
(of Alleg.) Co.,
Purpose of issue.
$1,500,000/ Exch. for stock of old
(Maryland) comp'y.
\
14,286,300. .Exc. st'ks ofAm.IceCo.
2,200,0001 Acct. purch. Simplex
Ry. Appliance Co.
2,200,000j
7, 000 ..General purposes.
78,689,100__Exch. Consol. Tob. bds
2,250,OOO..Acquis'ns & work. cap.
28,168,8001 Exch. U. S. Leather
stock under plan.
37,599,500]
Aviou^i.
stock
Amer.
Amer.
Ice Securities, stock
Steel Foundries, com'
do
do
pref
Amer. Teleph. & Teleg., stock
Amer. Tobacco, pref
Associated Merchants, stock
Central Leather, pref
common
do
do
&
Colorado Fuel
1,774, 200. .Acquisitions.
6,200,000 f Issued under
preferred
Iron, com
ref.
plan
for re-pur. prop's, etc
\
1,518,6001 Sold at par.
do
do
common .. 3,740,700/
do
pref
do
4,472,1001 Exch. stock of condo
stituent companies.
do
common ..15,784,000/
Electric Storage Batterv, common..
SO, 000. .Exch. for -preferred.
Federal Min. & Smelt., 'pref
2,000,0001 Acquisitions.
do
common
do
.
1,000,000/
North American Co., stock
5,600,000 f Acq. Un. ELL. & Po.
Eastman Kodak
do
of N. J., pref
1 St.L.andLaol.Gas siks.
7,100,000/ Acq. cont. Un. Rys. of
do
St. L.& work 'g capital.
I
Pacific Coast, 1st pref
do
do
9,500)
2d pref
Pittsburgh Coal, pref.
do
common
do
do
Rubber Goods Mfg.,
&
and
provements.
common...
_"_
U. S. Rubber, 1st pref
do
2nd pref
Total
The small number
—The public
shares, of
parent from a glance at the foregoing
list,
ap-
only four of
the railway companies mentioned, namely the North
pref. stock
certs, for 1st ref. 4s
do
2-5-yr.<B
1
.
construction, preparations for which
GO'S.
sales of [bank stocks tin's week aggregate
which 177 shares were sold
252
Exchange
trust com-
at the Stock
and 75 shares at auction. The transactions in
pany stocks reach a total of 60 shares. Forty shares of
stock of the Bowling Green Trust Co. were sold in several
small lots at 2203^ to 228 4 the last previous public sale was
made in October at 215. The following table shows the sales
of bank and trust company stocks made during the week
either at the Stock Exchange or at auction:
Low. High. Close. Last previous sate
Share*. BANKS. New Yvrk.
;
279
279
199
199
796M 810}^ S00
530J4 5303-3 530J4
TRUST COMPANIES— New York.
Bowling Green Tr. Co
220J-3 22S34 220}i
Lawyers' Title Ins. & Tr.. 3253-i 325J4 325M
520
520
U. S. Mortgage & Tr. Co. 520
Brooklyn.
280
280
280
Mechanics' Bank
Brooklyn
TRUST
Brooklyn Trust Co
420M 420^ 420}/g
City Bank, Nat
Commerce, Nat. Bank
23 First National Bank
20 Hanover Nat. Bank
40
5
5
of.
275
195
Dec.
Dec.
Dec.
Dec.
1905—279^
Oct.
May
1905— 215
1905— 318J^
1905— 535
Nov.
1905— 285
Jan.
1905— 425
Dec.
1905— 199
1905— 799
1905— 534 M
BANK—
32
of railroad stock issues listed is
cert-;.
do
ITEMS ABOUT BANES, BANKERS AND TRUST
dividend.
1,503 ,000.. Extensions and impts.
$298,237,700
Co.
are at present on a large scale.
2, 500,000.. Stock
121,300/ Exch. for U. S. Realty
& Construction stk.
X
5, 180,300.. Exc. Rub.Gds.Mfg. pf.
do
do com.
8,477,300..
Impt. stock
&
11,786,000
30,000,000
4,996,800
1,045,222
:•'.
4
1S25 £8,170,900
£7,533,400
2d setiCs 1925
1,000,000
75,000,000
6,681,000
stock
favorable conditions continue, there promise to
new railway
of
.;-75
im-
B
be in the coming months large additions to the securities listed on the New York Stock Exchange as a result
x
listed.
Acquisitions
2,576,3001
3,290,400/
common
Realty
Old stock just
28,709,600/
pref
Sloss-Shef. Steel & Iron,
United Fruit Co., stock
General purposes.
85,600}
190,400)
29,423, 700\
common
do
Corp., stock
Southern Pacific RR.
do
do
If
LISTINGS OF MISCELLANEOUS STOCKS.
—
series of years past
pref. guar.
Japanese Gov't— Kulm, Loeb
do
do
do
S58 ,274 ,400
Company and class
on the Exchange for a
STOCKS, BONDS, ETC., PLACED IN '•UNLLSTKD" DEPARTMENT.
American Malting cerl
510,231,400
deposit for common
LISTINGS OF STREET RAILWAY STOCKS.
S.
1
.
Vandalia R'R\, stock
Western Maryland, stock
U.
tributed as a dividend to the shareholders; also
,
The several issues of stocks, railroad,
and miscellaneous, are grouped together
\il tntfc
Vol. lxxxi.
I
COMPANY—
10
x Sold at the Stock Exchange
—
The reports this week that a Xew York Stock Exchange
West, Canadian Pacific, Big Four and Buffalo membership had been transferred for 897,500 are stated to
Rochester & Pittsburgh having offered stock op- be incorrect. Several transactions were reported, however,
tion rights to their shareholders.
The conversion
union Pacific convertible bonds into
common stock has
made
rapid progress, the
standing having,
in
amount
of the
of
bonds out-
consequence, been reduced
to
about 7)-2 millions and the outstanding shares increased
by about 69 millions. Other notable issues of railway
shares are 7 millions Atlantic Coast Line stock, dis-
above the previous highest
week.
the latest at $9.5,000, or $2,000
sale,
which was made
— Announcement
last
this week that the old National
Broadway, will be converted
271
Shoo & Leather Bank,
into a State banking institution and its resources united
with those of the Metropolitan Bank at 23d St. and 4th
Avenue. Mr. William L. Mover has resigned as President
of the National Shoe & Leather Bank, and Mr. Henry
is
made
.
I
(I
l
Ollesheimcr,
1
THE CHRONICLE,
!><).->
First
its
Yice-Fivddent
be elected to sucdirectors' meeting next Tuesday.
tin- present executive of tin- MotroNational Shoe & Leather Hank will
will
.
ceed Mr. Mover at a
.Mr. Ollesheimcr is also
The
Hank.
politan
herNtftsr be operated as a branch of the Metropolitan Hank
at its present location.
As both institutions are controlled
by the Metropolitan Lift- Insurance Company, it was con-
sidered advantageous to combine their resources.
In
.-time way, tin' Maiden Lane National al 100 W illiatu St..
the
portent trust companies of this country.
Besides having
;m intimate knowledge "I" his subject Mr. Kirkbride haa wide experience in tTUSl company affairs as the former
branch, was absorbed by the
the latter started btt&uaess in May 1965.
At the lasl State
and national Hank calls for Nov. IHli, the National Sho
Rank had
ther
and
profits,
total
SI .000.000
capita!;
of SI
i
S 153,337 surplus
>.">_>. I,r>0;
1
and
while the Metro-
1
,
Treasurer for many years of he Pennsylvania Company h
insurances on Lives and Granting Annuities," tit Phila'.'
t
•>
delphia. Mr. Sterrett, by his professional labor- a- certified
public accoiinttint among trUBl companies, .and hi- personal
investigation
now equipped to
Metropolitan Hank when tion of this
a
1825
ivork.
"The Modern Trust Company"
by the Macmiflan Company.
lished
—
and study of busint
rganisms, was well
collaborate with Mr. Kirkbride in the prepara-
is
It
announced
that
Thomas W, Hyn
pub-
is
.signed as
Auditor of Porto Rico, to become Treasurez of the Home
Trust Co. of Brooklyn. Mr. Bynes x\
assume his new office
on Jan.
i 1 1
rted SI ,000 ,000 -capital; 1804 ,206 surplus
and profits, with deposits am
(3,865,701,
The
united institution will be known as the Metropolitan Bank
and have
a capital and surplus of about $2,750,000.
The
National Shoe & Leather was incorporated in 1853 and is
number 917 in the National Ba
Lation.
i
— The
pamphlets to be issued by the
Brooklyn Borough, dealing with "Inter*
esting Hits of History," has been sent to us. Very properly,
first
of
Brooklyn Rank
;i
series of small
of
number, by Clinton Fulton, gives some salient
facts concerning the Rorough in which the bank is located,
At the annual stockholders' meeting on the 9th inst. accompanied by
quaint illustrations pertinent t<> the early
retiring board of directors of the International Basking
ry of the Borough.
From the contents of the booklet,
« of this city was re-elected; The directors met which consists of less than a dozen pages, we learn that the
lay of this week ami re-elected th
fflj viz.:
bank was organised in 1832, hile Brooklyn was yet a village,
Thomas H. Hubbard. President; James S. Fearon, Yice- its incorporation as a city occurring two years Liter. The
lent and John H. Lee, General Manager.
bank has a capital of $300 ,()()() and surplus and undivided
The Corn Exchange Hank of this city is preparing to profits of (176,252.
Henry E. Hutchinson is President]
open a branch in Flushing. This will bring the total number Oliver M. Denton Yice-President and Thomas M. Halsey,
of trie bank's branches up to nineteen.
Cashier. Free copies of the pamphlet may be had upon apthe initial
—
•
.:
•
v,
i
—
— An
extremely serviceable addition to the publications
George W. Young it Co. of this city anent trust compai
in their "Digest of Laws Relating to Trust
npanics of the United States.
In the work, which has
been prepared by Renjamin J. Downer of the New York Rar,
of
I
-
'
the principal provisions of the banking laws only have been
summarized, and no attempt, the introduction states, has
been made to include general incorporation laws which may
have been construed as applying to fiduciary institutions,
-ides the
requirements as to organization
in the several
and Territories, data are furnished with regard to the
meexnasg supervision,, as well as the regulations as
to branches, investments, impairment of capital, surplus
fund, reserve, stockholders' liability, 4c
Next spring,
i
after the several legislatures adjourn,
it
is the purpose of
the publishers to furnish a summary of all material amendments to the present laws. These amendments will probably
be in the form of printed slips, ready to be pasted in at the
proper place, whereby
be possible to have the principal provisions of the trust company laws of the country
brought down to date.
will
it
—
The re.dirnations of Richard A. McCurdy, former President of the Mutual Life Insurance Company, and his son-inlaw. Loci, A. Thebaud, as directors of the Ghited States
Mortgage £ Trust
week.
Company
— An amendment
V: National
New
an increase
for
were accepted this
of this city,
to the articles of incorporation of the
Lxchange Rank
in the
number
of this city,
from
of directors
providing
fli
lay.
—
M.
J.
ik
('aval:
lately elected
wi1
number
tion reducing the
five to twei
J.
.
f
Monro"
the
Mr.
—At their meeting
National
Bank
this
month, the directors
'-
Bank
amend
of
Brooklyn on
the articl
of din- -tor-
-
of [n-
fr
SI, 800 ,000 to $2,000,000.
Resides the regular quarterly divi-
10%, an exlra dividend of the same amount was declared, making, with the extra 10% paid in July, total dividends for the year of 60%. This rate, it is expected, will be
maintained during 1906. The bank has put out a calendar
made doubly serviceable through the fact that Saturdays,
Sundays and holidays are shown in red figured, while green
figures denote when New York State paper, due on such
dates, is payable.
dend
of
— Receiver
Wheeler, of the German Rank of
by Justice Kenefick to accept
the offer of $640,000 for certain of the bank's assets made by
the Assets Realization Co. As noted Ias1 week, the offer had
previously been approved by AtiorneyMUenerai May) F.
Albert
J.
Ruffalo, has been authorized
—The Chautauqua County Trust Co. of Jamestown, N. Y.,
issued a calendar bearing the portraits of the six Presidents which the institution has had in its existence of sevThe present incumbent is Charles M.
y-flve years.
Dow.
—
The directors of the Connecticut Trust & Safe Deposit
Co. of Hartford, Conn., have electd Arthur P. Day Secretary of the institution and Manager of its trust department.
Mr. Day was formerly in charge of the company's Western
loan department. La his new post he succeeds Henry S. Robn, who resigned to take the ViCe^Presideney of the Connecticut Mutual Life insurance Co.
—A
quarterly dividend of i"',' on the $3,500-006 capital
of the National Shawmut Bank of Boston, Mass., has ben
payabli Jan. 1.
This rat", which
be maintaine
permanently, represi tits an r
is
said will
of
-j%
annually, quarterly dividends
\\%%
been paid. Tip' bank has combined surplus and profil
than $8,800,000
of
tpany," by F.
Kirkbride and
C. P. A., the latest contribution to financial
the first book to give a full and COOvarious lines of work in which a
Modern Tr
-
having her
of
1'..
'1
he aim oft!
B
ipany of Trenton, N. J completed on the 3rd Inst, the hundredth year of
At the tiie" thi
charter
1804,
in New Jo
d that but one other li
y
in th"
United
[hsurat
I]
hidi
8
ban
•iimuriity
•
method-
and the public
of 01
•!!
\
given in detail.
a careful study of
t:
the
of trust
USSex),
.and
and the
Th* author- appear
In th" n
to
l
In
d.
of the
k,
..
—
•
I
Newark Ba
Banking Comp
the
npany.
i
occupi
[nal
old building, however, having
mad"
it
— The Trenton
'
.
con
Marine
fund from
of the
of Buffalo increased the surplus
I
stockholders of the Peop!<
will vote on a proposition to
— •'The
i
Bank of Comme
>nal
— Th"
Jar:.
r
Charf
of this city in place of
anagb was formerly
Gashu
plication.
ie
the
1838 by
improved and enirer, by authority
-
of the ban]
I
and
location,
li
ha
January 1811 th
The Trenl
a
portion of thj
to
band in the
of the State in trust ror the benefit of the public school
•itution has a
f
1500,000 and ufplus and
i
I
[Vol. lxxxt.
THE CHRONICLE.
—The Merchants' Loan & Trust Company of Chicago pubJohn A. Camp-
1826
profits of
about $434,000.
Its officers are
Elmer Ewing Green, Vice-President and
showing the list of securities in
which it has invested funds of the savings department of
bank, viz.: $1,800,000 in real estate first mortgages on
As a holiday remembrance to its patrons and friends, the
improved
property in Chicago and farms in Illinois, Iowa
a leather-bound memorandum book (vest-pocket edition) is
and
Minnesota;
$625,000 in municipal bonds; $215,000 in
being distributed by the Burlington County Safe Deposit &
corporation
bonds,
and nearly $3,000,000 in standard railTrust Co. of Moorestown, N. J. William W. Stokes is the
road bonds.
President and Trust Officer of this institution.
To properly care for its growing needs, several changes
At a meeting held on Wednesday, Grier Hersh was
have been made in the staff of the Detroit Savings Bank of
elected President of the reorganized Maryland Trust Co. of
Detroit, Mich. E. C. Bowman, the Cashier, has become AsBaltimore. Mr. Hersh will assume the office on Jan. 2. He
sistant to the President; Cyrus Boss has succeeded to the
is President of the York (Pa.) Gas Co., the York National
Cashicrship, while T. F. Hancock becomes Assistant Cashier
Bank, and is identified with other interests in that city.
and Manager of the real estate department.
James Speyer, of Speyer & Co., through whose efforts,
The usual bound volume reviewing the proceedings of
mainly, the reorganization of the trust company was acannual
convention of the Wisconsin Bankers' Associathe
complished, will be associated with the management as a
member of the board of directors. The other directors tion has been issued. The meeting covered in the latest rechosen at this week's meeting are: John W. Castles, Presi- port was held in July at Ashland, Wis. Accompanying the
dent of the Guaranty Trust Co. of New York; Henry F. Shoe- book is a circular quoting several resolutions adopted at the
maker, trustee of the Trust Company of America and the last convention one regarding the rates of the annual dues
Van Norden Trust Co. of New York; George Blumenthal, of of members and another authorizing the payment by its ex
Lazard Freres of New York and Paris; A. Barton Hepburn, ecutive council of such sum as may be expedient (not exceedPresident of the Chase National Bank of New York; G. ing $250) to'any member who may be the victim of fraud or
Clymer Brooke, of the Philadelphia banking firm of George burglary, the amount to be used in prosecuting the crimiWilliam B. Banks (President of the First National
S. Fox & Sons; Henry Walters, Vice-President of the Safe nals.
bell,
President;
Robert
W.
lished a statement Dec. 27
Howell, Cashier.
—
—
—
—
—
Deposit & Trust Co. of Baltimore, and Chairman of the board
of the Atlantic Coast Line RR.; Oscar G. Murray, President
of the Baltimore & Ohio RR.; George C. Jenkins; B. H. Griswold Jr., of the firm of Alexander Brown & Sons, Baltimore;
Waldo Newcomer; Ernest Hoen; Joshua Levering, who has
held the presidency during receivership; H. Carroll Brown
and Josiah L. Blackwell. Besides Mr. Hersh, the officers
elected by the board are: Vice-President, Allan McLane, who
has been in charge as Receiver, and who was a Vice-President
of the old company; Secretary, Louis S. Zimmerman; Treasurer, Carroll Van Ness, and Assistant Treasurer, Jervis
Spencer.
—
In a folder whose design is typical of the holiday spirit,
the season's greetings are extended to the friends of the Bank
of Pittsburgh, N. A. at Pittsburgh. As on a former occasion,
the bank gives a comparison of the figures in the latest statement with those in the year of its establishment 1810. The
deposits now are $15,939,964, and the resources $23,159,500.
Wilson A. Shaw is President, Joseph R, Paull, Vice-President, and W. F. Bickel is Cashier.
,
—
—Thomas W. Gable has been elected Cashier
chants' National
Arthur
S.
—The
Bank
of
Mer-
of the
Dayton, Ohio, to succeed the
late
Bank
of Superior) is President of the Association.
tary
H. Puelicher, Assistant Cashier
Bank, Milwaukee.
is J.
Ilsley
The Secre-
of the Marshall
&
—
It is said that the First National Bank of Milwaukee will
at the January meeting make provision for a board of not
less than eleven nor more than seventeen members.
—The Commercial Savings Bank has been organized in Cedar Rapids, la., with $50,000 capital. As the name implies,
the institution will operate both commercial and savings departments. C. H. Chandler is President, W. C. La Tourette
Vice-President and J. L. Bever Jr. Cashier. The directors are:
C. H. Chandler, W. C. La Tourette, E. J. Carey, C. B. Robbins, W. L. Cherry, Ambrose Jeffrey, H. Cushman, Jno. B.
Bever and James L. Bever. The latter is President of the
Citizens' National Bank of Cedar Rapids.
— A. T.
next month as Vice-President
Sioux City, la. and as Secretary
of the Farmers' Loan & Trust Co. of that city, to perfect the
organization of a new institution. The latter will be known as
the Bennett Trust Co., and Mr. Bennett will be its President.
His successor in the posts he will relinquish will be Ackley
Hubbard, of Spencer, la.
Bennett
will retire
of the First National
Bank
of
,
—Thomas
Estabrook.
resignation of Charles
Hubbard
as Cashier of the
Dayton National Bank of Dayton, Ohio, will take effect on
Jan. 1, when Assistant Cashier R. S. Wilcox will advance to
B. McPherson, on account of pressure of personal affairs, will retire as Cashier of the Union Stock Yards
National Bank of South Omaha, Neb., on Jan. 10.
— Leonard A.
Imboden and James A. Hill, who were inmonths ago on charges in connection with the
Dividends aggregating 30% have thus far been paid to suspension of the Denver Savings Bank of Denver, Colo.,
the creditors of the Indemnity Savings & Loan Co. of Cleve- have been convicted by a jury on four counts two of conland, a second distribution of 20% having been made within spiracy to embezzle the bank's funds and two to obtain money
the past few weeks.
from the bank by false pretenses.
The payment of the first dividend, 55%, to the deposiAccording to the St. Louis "Republican," the controll-
the post.
•
•.
;.
dicted several
—
—
—
Bank Co. of Lorain,
inst. The suspension oc-
—
tors of the defunct Citizens' Savings
ing interest in the City National
Ohio, was commenced on the 21st
curred on March 31.
Ter., has been purchased
Bank of Muskogee, Ind.
by D. H. Middleton (at one time
President of the Commercial National Bank of Muskogee)
F. E. Tracy, Vice-President of the First National Bank and his associates. The City National has a capital of $100,of Springfield, 111., died suddenly on the 12th inst.
Mr. 000 in $100 shares. The purchase price of the stock, it is said,
Tracy was also Chairman of the Committee on Uniform Laws is $117 per share.
—
American Bankers' Association.
The Illinois Life Insurance Company has sold its"-holdings (amounting to approximately 3,000 shares) in the
Western Trust & Savings Bank of Chicago, the purchasers
being Charles H. Deere of Moline, 111.; George A. Ball of
Muncie, Ind.; Joseph E. Otis and Walter H. Wilson the
two last named respectively President and Vice-President
of the bank.
Messrs. Deere and Ball, it is stated, will
be elected to the board of the institution at the coming
annual meeting. The Western Trust has a capital of
of the
—
—
$1,000,000.
—A
special meeting of the stockholders of the
National
Bank
of Chicago,
Oakland
be held on January 23,
at which the question of increasing the capital from $50,000
to $100,000 will be acted upon.
111., will
—The
suspension of the Merchants' Trust Company of
Memphis, Tenn., on Wednesday also resulted in the closing
of an institution allied with it, namely the American Savings
Bank & Trust Company, capital $50,000. In regard to
the closing of the Merchants, a statement was issued by
President, Felix T. Pope, in which it was said that the
company had loaned too much money and was unable to
its
on its loans fast enough to meet the demands. The
Merchants held a controlling interest in the American,
which had just been consolidated with the Mechanics
Savings Bank & Trust Company. The American is said
to be in excellent condition and its closing is understood
to have been decided upon, owing to the possibility of a
run in consequence of the suspension of the Merchants'.
The latter began business in January last with a capital
realize
—
Dec. 30
THK
1905.]
of $200,000.
In Juno
CHKONICLi:.
was voted to increase the amount
Beptember the institution absorbed
it
S500,000, and in
the Memphis National Bank.
It i- stated that the deposita
in the elosed institutions exceed 12,000,000.
to
—A
dividend amounting to 4 '_,';. was paid la-t week to
the creditors of the banking house of I. C. Plant- Son of .Macon. Ga. The institution dosed in .May 1901 and the present
disbursement i- said to bring the total dividend payments to
33 2-3%.
—
On the ISth inst the stockholders of the Commercial
Trust it Savings Hank and the Cermania Savings Hank &
Trust Co. of New Orleans acted unanimously in favor of the
.
consolidation of the two institution-. Under the plan, which
was set out in these columns on Nov. IS, the name of the enlarged bank becomes the Commercial-! iermania Trust &
Savings Bank.
Its officers are: President, William Mason
Smith; Vice-President and General Manager, John H. Fulton; Vice-Presidents, G. Ad. Hlatl'er, 1. M. Lichtenstein and
Hart D. Newman; Cashier, C. E. A. Howler; Assistant Cashier, H. A. Wulff; Trust Officer, Q. Owen Vincent and Inspector, E. B. LaPiee. ,1. E. Merilh, who was the President of
the Germania Savings Bank & Trust, and G. Ad. Blaffer, its
Vice-President and Cashier, were the recipients of loving
cups on the ISth inst.. presented by the directors and employees of the institution.
—The
consolidation
Bank and
the Union
of
Bank
the
German-American Savings
Los Angeles
of Savings of
ferred to in our issue of Nov. 25)
will
be
consummated
(re-
early
the coming month. It is understood that the capital of the
first-named institution will be increased from §200,000 to
$600,000.
—We are advised that a second and
—
dividend of
25%,
American
Mexico City have approved a proposition to increase
the capital from SI, 500 ,000 to §2,000,000.
It is reported that the stockholders of the
of
—The State
Mexico Bank of^Mexico'City, it is also announced, purposes to increase its capital from §1,500,000 to
$3,000,000, the new issue to be sold at $115 per §100 share.
of
2\X o u eta \*y= (f o
m m c vc ta
\
tained, the French public is -till quite satisfied that Russia
will keep faith with her creditors whatever happens.
Not alone is it feared there will he large withdrawal- for
France. There are apprehensions, Likewise, thai there will bo
heavy withdraw als for lermany. lerman rade baa been axdhngly active all through the year. It has been, perhaps,
not quite so good lor the last five or si\ weeks; but up to
then it was wonderfully good. The activity of trade was, no
doubt, largely due to Russian orders. And it la not surprising thai there is some doubt now whether l.'u ,-ia will l>e in a
position to pay for what she has ordered when it is delivered.
Therefore, there is uncertainty as to whether trade will pr
to he quite as profitable as hitherto has been suppo
Moreover, there lias been a wild Speculation. The banks for
the past two or three months have been putting pressure on
<
(
their
customers
to
t
reduce their commitments.
have
But, they
not succeeded as well as might have been expected.
Still,
the speculative account, has been very materially reduced,
and prices have been cut down. Lastly, the imports of commodities of all kinds in anticipation of the Dew commercial
treaties coining into force on March
have been on an enormous scale. These imports have been made by means of borrowed money. And thus practically all the available loanable
capital is taken up for trade, speculation, and these anticipatory imports. Now the requirements at the end of the year
are beginning to make themselves felt, and, as a natural
consequence, the Imperial Bank is desirous of adding largely
to its supplies of gold. Whether the bank will actually withdraw the metal from the Bank of England remains to be
seen.
But that it will buy in the open market in London is
not doubted. This explains the fears that a good deal of gold
will be taken both by France and by Germany.
And, as
there is always in the second half of December a large outflow of coin to the interior, there are apprehensions lest the
reserve of the Bank of England may be unduly reduced.
Consequently, the Bank on Thursday borrowed on a very extensive scale so extensive that the rate of discount was
raised in a few hours from about
to 35^%, and the rate
of interest for short loans was nearly doubled.
Naturally,
this sudden rise in rates not only surprised but somewhat
alarmed, markets, which feared that matters were really
worse than they are; and consequently there has been a
general decline in quotations.
It is extremely difficult to form any definite opinion as to
whether money will continue scarce and dear for any length
of time. So far as Germany is concerned, the requirements at
the end of the year will be satisfied in a couple of weeks.
Moreover, it is reasonable to conclude that the banks, which
are still putting pressure on their customers to reduce their
accounts, will succeed, and that a great many speculators will
be squeezed out. But the immense stock of commodities
which is being carried to be offered for sale after the new
treaties come into force cannot be reduced for two and a
half months at the very earliest.
Therefore, many good
judges think that money will continue both scarce and dear
in Germany until the early part of March. Regarding France,
all depends, or a very great deal, at all events, depends, upon
the attitude of Germany. If Germany remains menacing,
French fears will continue and the banks will be compelled to
hold very large reserves. If Germany, on the other hand, becomes conciliatory, France will recover courage, and money
will again become easy, unless, of course, something alarming happens in Russia which may upset all calculations and
cause serious apprehensions in France. Here at home, during
the last quarter of the financial year, which is the first quarter of the calendar year, the collection of the revenue is on an
exceptionally large scale. By far the greater part of the income tax, for instance, is collected during those three months.
Consequently, an exceptional amount of money is transferred from the open markets to the Bank of England, and,
therefore, from about the middle or towards the end of January until the middle of March money is nearly always comparatively scarce and dear, for the Bank of England has control of the open market.
As at this time it already has control, it is reasonable to expect that it will retain control during the whole of the next three months and be able to make
rates what it pleases.
The India Council offered for tender on Wednesday 80 lacs
of drafts and the applications exceeded 787 lacs at prices
ranging from Is. 4 l-32d. to Is. 4^d. per rupee. Of the 80
issued, the Council made a special allotment of 15 lacs of
transfers at Is. 4%d. per rupee. For the remaining 05 lacs,
applicants for bills at Is. 4 l-32d. and for telegraphic transat Is. 4 3-32d. per rupee were allotted about 12% of the
amounts applied for. The amount to be offered for tender
next week will be raised to 100 lacs.
1
—
3%
,
final
with interest, was paid on Dec. 11 to the depositors of the
defunct Bank of Yarmouth, at Yarmouth, Nova Scotia. The
first dividend, of 75%, was paid Oct. 25.
Since the bank's
suspension on March 6 last its affairs have been in the hands
of W. E. Stavert as receiver. The institution had a capital of
Its stockholders were assessed 100%.
$300,000.
Bank
18i7
ii n g t ish Hcxus
(From our own Correspondent.)
London, Saturday December 16 1905.
In consequence of the redemption of the Exchequer bonds
on Thursday of last week, the supplies of money in the outside market were so largely increased that rates, both of inThere followed
terest and discount, were lowered unduly.
an improvement in the stock markets and a general inclinaThe result was that the
tion to speculate somewhat rashly.
Paris and Berlin exchanges upon London fell rapidly to the
gold point.
In Paris there is much nervousness on account
And there is still greater
of the internal condition of Russia.
apprehension because of the strained relations between
France and Germany. The banks, therefore, feel it necessary to strengthen themselves against all contingencies. And
they have, as a result, been reducing the balances they have
They have been deso long been employing in London.
creasing those balances quietly for several weeks past. But
during the past week, they have reduced them on a large
They have as yet not taken gold from the Bank of
scale.
England. They have simply refused to renew bill- as they fell
due; and they have contracted their loans upon the Stock
Exchange. In this way, they have not only found funds
sufficient to pay the 14 millions sterling raised in Paris by the
Argentine Government to pay off half the Funding Loan, and
London, but they
to meet other obligations due from Par
have been able to remit on a large scale to Pari-.
Nothing
seems to have happened to account for tinincreased anxiety respecting Germany. Perhaps be expl
tion is that the "time for bolding the Algeoiras Conferenc
rapidly drawing near and the people are asking anxiously
What will Germany do in case, aa la generally expected, she
finds herself unsupported? At all events, the suspicion and
distrust of Germany are so great that the banks think it
irally. they are innecessary to increase their
duced to do this also by the internal condition of Russia,
although the holders of Russian bond- do not appear to be
seriously apprehensive.
This week there has not b
much selling of Russian bond-. And. aa far aa can b<
ww
The following return shows the
position of the
Hank
England, the Bank rate of discount, the price of consols,
compared with the la-t four years:
of
&c,
t
i
1002.
1004.
it.
Dm
17.
11.
i
MrciilMl..n
r'lbiicdrixjmui
.'s.mi.I.JT.j
27.074.700
l.'fi
I
v,',
1001
Dec. 18.
a
0.748
IJ
I.I
1,177
.1-
In,
31.
H
i;
,s
97*
.'
.
1
;
179
31.228.0tiJ
IjllltlM
II
p.c.
c
17.47
I.HB8
40
Ml.i
Otnuol*
0_>7
i
111,
I
I
12.
1-10
45 1-10
I
i
]
-1<
1-16
0.'
»-
im20l,iju,
204.412.00
I
130
I
'i
10U.OJ1
1
'Id.
i
THE CHRONICLE.
IblH
money have been
Tin- rates for
as follows:
!
Dec. 15.
4
etTi
.
moi
.
;!is
•:'. <<
,
3
I
IMOIIIII8
I
3%
4M'"
4X <-
H" I;
I
this
couni ho
2X
daya
i
i
%
-
a1 and op< d
< b< en as folloi
D,c
Dec. 9.
he
'[
3
8
3M
:iX
u
1
•
i
hm
bal citiei
lie. 10.
i
ol
/ o7
Market.
ii
Hambure
G
:,'
rankfosl
ii
5'A
3
]•
Amsterdam
Brussels
lei
si
burg
Petert
.
Month,
1906.
4
7-10
no
4
4!^
7
i
4H
aba .in
5
5
.
j
i
••;,
•1
4*4
5
hi
January
!-i
&
December
7,010
.
oru'y
s
42,508
/<••
a
York.
70,5
1901.
884
1,536
015
(.6,).'1'
14,913
,125
April...
-May ...
410
41,09
1,244
June
50,0')
July ...
August.
64.20
Sept'bei
Nbv'ber
5
6,730
4S4
48,845 396
45.900
18,439
1,970
1,340
,285
:
.
i
Customs
1904.
1905.
$
51,497,193
.
1'ixley
write
follows under date of
14:
of
a, th'i Ban
GOLt>. Withagoofl demand f r> a
in a buyer, nut to a
to secure any oi tins weed's arrtrala in barsi Part h
,i» re limited extent
Lurm
u
week,
,inb
£5,000 has been bot; htpa LheJ
been
lilts
or the "week: Arand £i5(i, o(;0
withdrawn to-day 1
una, £15.000; total,
lane, £372/000; West [ndii
rivals
si-s.
York.
Exports.
3
3M
l
New
at
.
5H
Ifi
3
4
4J4
two seasons:
of the last
:.
.;
Berlin
months
Merchandise Movement
Kate. Market
Rate.
we give the
d by our New
cove is the total
turns,
r<
monU
full
25.
Atet>.
Bank
i
YORK— MONTHLY
York Custom House. The fii
o.t
imports and exports of mi rchi ndifii and the Customs receipts,
for the eleven
2.
.
Hank
i
rates at the
I
i
m
^jLjexus
other tables given in
department, made up from weekly
following figures for the
2Vi
call
to
,
m
•
FOREIGN TRADE OF WBW
STATEMENT. — In addition to the
3-160
mks
b
l<
I
Vol. lxxxi.
4
3 3-l«
.; 3-16
mth
r.v
(&ammcxtml and pUsrc
Nov. 23.
30.
4
i
bill
i
i
.\ IIV
|
"00
54,507
661,848,807571.858,984 507,517,
Totals'
148
;..:.:
M~t
57,901.844
,"
1
17,5(
52,700 167,
,393
-
.
total,
lombo. E3,0i
£422.000. Shipments— Bombay, £i
iVi
t AfI.Ot
067,050. For the 'month- -Arrivals-*- Holland, £46,000: Franct
i, £1,216.rti a, £97,000; South America. £107,000; South Africa. £2.37:
America,
Shipments
Holland £28,000; Prance, £575,000; South
£86,000.
000.
India. £308,000.
SILVER. After a slight fall of l-16d. on the Sth Inst. to 29 d.. the-jnarki
esterday there was a
rose steadily, until on the 12th 30J£d. was quoted for spot.
the market slosing
decline to 30';;;.. but to-day we have recovered to 30 5-liid
silver
has
quoted
Forward
been
11-lGd. to JJd. under spot, closing at
steady.
arshmment. For
2ft 7-16d., neglected. The Indian price is. Rs. -7 5^ per 100
the week: Arrivals—rNew York, .11^4.000; West Indies. £10.000: total, £184.000.
Shipments— Bbrnbay, 2232,500; Colombo, £66,000; Hong Kong, £4.477; total,
or the month: Arrivals— Germany, £00.000: France, £70.000: U. S. A.,
£302\9Tt
£87.8,000. Shipments—Russia, £30,000; Germany, £10,000; France, £53,000; India,
£979.000;
[CAN DOLLARS have airain been dealt in at their nieltirg value, About
£ JO, 000 has arrived from New York.
I
i
I
II
i
I
1
I
The imports and carports
months have been as follov
of gold
and
silver for the
eti
•>
Cold
.
I
!
The quotations
GOLD.
Imports.
1905.
S. gold coin, oz
Germain gold
s.
i
,
5
am
nom.
Mexican dollars
a Nominal.
May
Dec. 7.
14.
-
hl4
by, a 76
cV6
Dec
d.
London stahdard.
Barsilvej fine, oz
30 5-16
" 2 mo. delivery
29 7-16
Bar silver containing
30 13-16
5grs. sold, oz
4grs. gold, oz
30$^
30 7-10
3 grs. gold, oz
sliver,
oz
Cake
32%
d.
77 10
76
5'A a'd
oih, oz_ _o7
gold coin, oz-.a/G
SILVER.
Dec. 7
5X
76
Japanese yen, oz
the United Kingdom
with previous seasons:
d.
20 7-16
%
28
29 15-16
29 H
29 9-10
31.M
9,853,700
4,053,000
769.025
35
Peas
Beans
Indian corn
Flour
12,3:;::
,
100
4,575,300
1904-05
32,704,200
9,338,000
4,128,100
686,2*1
(.03.901
13,304.900
3,663,200
1903-04.
28,258,913
13,015,357
4,«26,46S
828.759
865,368
17. 141.019
6,968.3S0
1902-03.
20,313.841
12,888.390
5,573,839
550.160
759,29s
9,836,563
0,102,567
Supplies available for consumption (exclusive of stock
on September
267,608
763,140
i
June
'
July
Exports.
1905.
1905.
8
S
3
S
469,4214
1
|
November
264,740
;
16,922,009
Totals
1005-06.
.25.493,100
.
4,57 5,300
home-grown
-12,742',964
Total
42,811,304
2Ss. 6d.
27s. 7d.
Average price wheat, week
Average price, season
1904-05.
30,704,200
3,063.200
5,671/950
1903-04.
28.258,913
6,968,380
6,521.091
1902-03.
26,313.841
0,102,507
7,607.592
42,039,350
41.74S.3S4
40.024,000
30s. 4d.
30s. 2d.
28s. ,"d.
27s. Od.
25s. Od.
25S. 10.
The following snows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
___qrs. 1,815,000
qrs.
240,000
Wheat
equal to..
Maize
qrs.
745,000
Last week.
1,912,000
243,000
805,000
1904-05.
2,480,000
165,000
825,000
1903-04.
1,410,000
410.000
835,000
— Per Gable
English Financial Markets
daily closing quotations for securities, &c, at London
as reported by cable have been as follows the past week:
The
London.
Week
enffing Dec. 29.
Silver, per oz
Consols, nc\, J
per cents
Sal.
Mon.
Tves.
ZQXs
&
!
I
&
;
;
Ohio
',
,
Preferred
;
.1
&
Preferred
Erie, common
First preferred
Second preferred
Illinois Central
Louisville & Xasliville
iie\ k an Central
<V
Tex.,
common.
Preferred
RR. of Mexico
N.Y. Cent. & Hudson
Nat.
&
S
s
J
3
g
y
m
"
y
rj
O
H
'"
m
Western
Preferred
Northern Pacific
Northern Securities
oPennsylvania
S
H
^
O
>
olveading Co
«Fttst preferred
<
C
3
oSecond preferred
Rock Island Co
Southern Pacific
Southern I'}/., common
;
...
common..
i
I
!
I
A.
5
3
12%
905i
116%
177%
178*
107
1
-
>*
g
^
S
Q
H
S
"
101
,
22
185
40
93
90
041,284
173
49%
-O'.i
82
8254
74%
74%
7
47%
49%
23%
68
,
|
;
;
;
;
,
sterling per share.
36%
103
152%
100'
1
,
52«
8ii
,
41%
109
5
V?9H
155
1
-
26
39
175,000, 20,43!
3
s
,057
99,997,500
9,768,840 38,894,480
6,154
4,774,106
3,224,823
2,706,754
5,170,670 34,650,309
The following dividends have been announced
o1
Company.
Railroads (Steam).
Great Southern, pref.
Alabama
Cent.
"A"
2a
& Susquehanna, com. (quar.)..
Delaware Lack. & Western (quar.)
Norfolk & Western, pref
Pennsylvania Co
Pitts. Cin. Chic. & St. L., com
Buffalo
'
|
I
Chic. sp. gu. (quar.)..
Regular guar, (guar.)
Street Railways.
Boston Suburban Elec, pref. (guar.)
Cinh. New. & Cov. Lt. & Tr., pf. (quar.)
Citizens' Elect. (Newburyport, Mass.) ..
Columbus Ry. & Lt. Co
-^
Knoxvilie Railway & Light, pref
New Orleans & Carrollton, com
Preferred
Philadelphia Co., com. (quar.)
Rochester, pref. (quar.)
St. Charles Street. (New Orleans)
United Traction (Pittsburgh), pref
Jan
Wi
Feb.
2
Jan
1M
Jan.
Jan.
50c.
Jan.
Banks.
Chatham National
!
Jan
Jan
i
2M
Jan.
1
iJan.
h
Jan.
52
S2.50 Jan.
VA Feb.
\X Jan.
Jan.
53
2X Jan.
(quar.)
Merchants' Exchange National. _
National ( it v, Brooklyn
New Amsterdam National (quar.)
Riverside (quar.)
Twelf t h Ward
Trust Companies.
Books Closed.
._
Brooklyn (quar.)
2X
2
Corp. (quar.)
great Western Cereal, pref. (quar.)
Hudson River Telephone (quar.)
Internal. Button Hole Sewing Machine
International Power, com. (quar.)
New Orleans Gas Light
New York & New Jersey Tel. (quar.)
Extra
Osceola Con. Mining
Pittsburgh Plate Glass, com.. <quar.).._
Reece Button Hole Machine (guar.)
Distillers' Securities
com
1
2
IK
I
m
1
84
1
2
15 Holders of rec.
to
15 Dec. 31
1 Holders of rec.
15 Holders of rec.
Tamarack Mining
Temple Iron
5
4
IX
United Copper, com. (quar.)
Extra
1
Holdi
1
rs
Holders of rec. Dec. 21
Holders of rec. Dec. 31
20 Holders of rec. Jan. 10
3
1
to
to
Jan.
1
to
to
.,'an.
1
1
1
Jan.
2 Dec. 29
to
Jan.
Jan.
2 Holders of rec. Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
3
to
14
1
Holders of rec.
30
r
Holders
Uec. 30
1
Dec. 27
2 Dec. 28
Uaii.
S3
1
15 Fan.
2
Dec.
Jan.
Jan.
Jan.
Jan.
10
extra
Preferred
Streets Western Stable Car L., com.,(q.)
Dec. 15
Jan 15
Dec. 31
Jan.
3
2 Dec. 23
2 Dec. 23
.Ian.
VA
2
to
Jan. 19
rec. Feb.
2
rec. Dec. 27
rec. Feb.
rec. Jan.
Jan.
1
81
S3
of
of
of
of
Jan.
Dec.
Jan.
Jan.
Jan.
Dec.
Jar.
SI
Preferred (quar.)
Inclusive.
2
4
20 Jan.
16 Holders
30 Holders
15 Holders
15 Holders
Jan
Jan
A'iiscellaneous Companies.
American Bank Note (guar.)
Bliss, E. W., com. (guar.)
Days
Payable.
Jan.
Jan.
Ben.
2
5
I
this *?*«k:
'
IX
2¥2
W. &
30 Dec
2 I'ec
17
>;
27
27 Jan
30 Dec
29
2
Dec
7
I
to
to
to
to
to
23
1
>
Dec 31
>ec
Iain.
I
31
2S
I
15
5
lders of rec. Jan.
5
Jan. 25
to
25 Jan. 16
Jan 15
to
15 Jan.
8
5
15 Holders of rec.
5
15 Holders Of rec. Jan.
Jan.
to
19
31 Jan. 10
31 Holders of rec. Dec. 20
5
15 Holders of rec. Jan.
15 Jan
Jan. 15
10
to
Jan. 15
to
15 Jan. 10
Jan. 15
15 Jan. 10
to
to
Jan. 25
25 Jan. 13
Jan. IS
to
25 Jan.
9
Dec 30
2 Holders ol rec
Jan. 31
to
31 Jan.
9
Jan.
Jan.
to
31
31
9
15 Jan.
h At the rate of 6 per cent per annum.
156%
:.::.
When
Per
Name
a Correction,
72
M)
Auction Sales.
86fti
— Among other securities the following not
Board were recently sold at auction:
H.
Mullcr & 5011
By Messrs. Adrian
regularly dealt in at the
96
211
186
.,'
'
38
72
40
154
s
73 s
70'.
;
25%
1,231
1,256
1
Common,
493,
180%
155%
l.-l
.71V
3.7 70,032
41,67
712
155
243 5&
455 42
,38 045
935, 369
,990
DIVIDENDS.
Stetson. J. B.,
-10
82
96
211
186
;
56%
184
2
,
;
56%
2i%"
40
93
8i;"
^
108
186
l
38
72
40
156
>-j
13M
91%
110
10O
2&H
i
'
6£
X
179%
157
'
Fri.
107'.
116
100
180%
,
S
',
Debenture "Bs"
a Price per share.
!
1
Preferred
30
29 15-16
S9 3-16 89^
89
89 3-16
99.123-2
99.05
:'.l
'
.
common
Wabash
30 3-16
SQX
99.05
12%
90m
56%
;
i
q
w
Preferred
Pacific,
;
<;
* Western, common
Preferred
r. s. Steel Corp.,
Preferred
Thurs.
;
!
!
e
St. P..
:>ide, com..
Denver
N. Y. Ont.
.
'
Canadian Pacific
Chesapeake & Ohio
Chjoago Great Western
Mo. Kans.
99.05
!
Preferred
Wed.
89*3-10
'
,
For account
French IM'tes <iu (arts) fr_9S. 7'-"
SAnacdnda Mining Co
Atch. -Top.
Santa Fe
i
1,182
413,224
August
September...! 1,881,936
October
7,455,721
Pitts. Pt.
Imports oi flour
Union
Imports.
1904.
15
Preferred
1):
Wheat imported, cwt
Norfolk
~j
1905.
174 926 14 ,047, 636
267 074
218
610,9.59
3,333,170,
1,151,484
IMPORTS.
1905-06.
25,493, 100
Fifteen, toeeks.
Baltimore
r—Neu
nom.
of cereal produce into
during the season to date compared
Imports of wheat, cwt
Barley
Oats
Flour,
Ivi
9 512 16
311,401
!
The following shows the imports
Sales of
S
York.
Exports.
1904.
S
January
February ...
March
April
for bullion arc reported as follows:
Dec. 15.
s. d
77 10J<
London Standard.
Bar gold, fine, oz
Wench
Xcw
i
.
TJ.
Month.
'.'.ovemenl at
208
73%
70?i
47%
49%
23%
0S%
36%
103
150 3
100
:i
1
,
40%
108%
21%
21%
42
42
77%
77%
(86
,'
"
47%
4914
24
36%
103%
154%
101%
109%
21%
42"
70%
Stocks.
Sticks.
25 WesteKes. & Bronx Title & Mtse.'Guat. Co.180
5 Lawyers' Title Ins. &
Tr. Co
325 Ji
5151,000 Mftfo'rd Pink Gran2d
Quarries
6's,
ite
45
1920
20 Hanover Nat. Bank. ..530H
23 First Nal. Bank. 796^-810^
30 E. W. Bliss Co. Com.
"Ritrhts"
10 Brooklyn Trust Co
10H
420
!
s
40 Bowl. Green Tr. Co.
220M-228M
o U.S.Mtpe. & Tr.Co...520
200
3 Westcfrester tr. Co
32 Mechanics' Bk.oi Bklyu 280
10
a p'd Watt r Co
400 Finelawn Cei.u tery.ST per sb...
100
Bui
S4.000
Xew
Amster. Gas Co.
1st Cons. BS, ms.-i08J4
''
11,000 Term. Warehouse Co.
5s, 1942, J. & J
99?i
.
'
l>r.r.
THE
:;•
Statement of Jfew York City Clearing
The following statement shows
Cfi]
New York
Banks.
.
IH29
\iCl.K.
•
iiiii.ii
i
City,
of
\-
Boston and Philadelphia. Eanks.
of
i
i
I
York City
cember 23.
of
tin'
I
should
ft
undeT
ly
(
City, Boston and
do mil include results
fk
v, ei
-all
I
leafing House
he
The
Philadelphia.
non-member
for
b tab
I
In othei
Mr. a
the practice U
.
ral
s
..rk
\
of the a
divide
i
Surplus.
$
er of da:
tl
I
daj
mo
..id
ion.
1
1
I
lir...
IS4.I
It.
I
l)P0.
x.0<l.;.v.
Phil
00-
01,9
s
s
,o
s
item "duo
m
huh
:
dep
Imports and Exports for the Week.- The
New York for
ending
and for the weel
the imports at
l.l
also
."
!
-
Dec.
-'l';
f
oods
m< n handlee
eek in January:
'
>
'_'
.
on
d
isli
also totals since beginning
tEIGN IMP
I
IRK.
1-.:
For
o
'
Dry
wuk
1901.
6.6U2
19,9.81
•
mcrchan
ral
11.14
813.:
Since January
I
Dry goods
(
'
1.
1,135.
leneral
merchandise
179.1
i
-
'Altai 51
weeks
14,793
1.1
The imports
.
rUi
of
i
i
Is
for oi
tei
'
erman-Amer
expo:
.
1.7
200.0
300.0
inia
1.000.0
1,704.0
5.9
200.0
7
18.0
r.u'j
1003.
$9,122,125
184.2
9
Total 51 weeks
:
1.000.0
$11,185,254
Previously reported
_
"
1904.
1905.
For the week
!. .-
1.000.0
•id
.
und
f<
:
<
1
County..
i
be
v. ill
of
following is a s
a the port of New York to foreign parts fei the
week ending Dec. '.'•">. and [torn January
to
J
V
our reporl
in
-
S507.1
I
25.1
i)
House
istom
2.870.0
1.01
4.117.0
\ v
.
Now
,
ora-
bj adding
-
!..
.
.
amount "previon
the
.'.'1
'
I."
Aiii-
Astor ...
4JU3.0
Totals
.!
1.016,0
The
214.0
170,212.
a
aTot^:
;
ts
nt
week
of
eliding
the
.'
i
D
71|
following
and
1
impon
te expoi
fork for the week ending Dec. 23
1905, and for the corresponding periods in
tab!
;
.
Week.
Ian.
Great Brieii:
France
'///
Imports.
I
of daily
I
NEW YORK.
the
is
Kr port!.
banks
r.
1901.
53
dug
1904 and 1903:
PORTS A.YD IMPORTS OF SPECIE AT
included. $$.659,400.
Reports of Non-Memb?r Banks.
folio
at ti:
since Jan.
ie
Wc<k.
i
Jan.
1
91,500
25.3."
Germany
cases.
West Indies
5.3'
001.838
i
1,5 id
i
1,60
-
er countries
and
-
Spec
25(1. 2Mi
13,000
.
Tot*! I905--
J16.3.
105,942,078
l
S
31
33.**
103
Great Britain
ranee
s
1
i
i
1.011
34,991.095
800
l.V.f.M
1.000
.
Germany
Wesl Indies
South
U.004
;
42,166
.
1
'.
h.r countrli
oi
.',il
2ii
1(17. j' -II
"
97.1
13
21.1
Total 190S
l.l 19,455
L60.000
[004
i
10.448
1.551
.
Of the above impo
American gold
in
were
Of the
901
in.
w
and
i
Aim
).
i
ii
.in
gold
coin.
-
Auction Sales.
1
See preceding page
1
king ant'
tutncial.
&
Spencer Trask
putntenl
banking boaluef
•
i
*!
:
-
i
ln.ii
Cc
;
Ic-ri ll.in:
i
[i.h
I
I
>-l
.n
the
Mil
in
eonimiintlon imlera iuh»u
ind
,
Bank era.
tlie
Ii.iiu'
Ni
.\
LtiiI
York
llu
of Hi.- prlnulpal
-
EranohOflioe. Albany, N.Y.
Willi:
Moffat
'
Third
HoboUcn
i
6
NASSAD
.-
'.it* N r iv
:
in
Stook Kxelm iiuc.
UANl
B
i>ciilerM in invctimiMit
I
ooamsaioM ordi
I'ine M>., N.-w 1
White,
&
l'oi'lt
ami
IKK
in II. I
I
1+oartll aa.
pro hu< vxhu ohwk
THE CHRONICLE.
1830
[Vol. lxxxi.
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER NOV.
No.
1905.
Maine-
ilitlid
428,224,007
10,068.824
1.562,522
8,535.101
179,535
200,499
163.313.147
710.093 219
15,506,882
12,689,201
95,082,205
239,419,835
172,710.986
134,192,091
7,859,004
19,044,413
52,408.540
938.656
18,999.290
3.747.654
73,004,305
340.529
1,323 290,833,338 228,820,034 1,668,112,723 19,193,208 1.642.258,188
-
Connecticut
New England States
...
Albany
Brooklyn
New Jersey
505 112,498.800
46.957.720
383,303.772
330 35 218.070
42 106 550,000
17,809.457
79,550.000
1.378.000
2.100.000
13,721,692
43,803,287
27,305.000
29,195.000
1,398,000
2,853.098
6,510.000
150,000
3,045,000
201.749.605
680,702.355
9,633,905
15,109,538
112,625,369
290,009,504
144,703.231
105,885,360
8,301,533
24,636,437
39,369,106
1,120.217
21.486,437
139
36
Philadelphia
Pittsburg
31
Delaware
Maryland
24
72
Baltimore
18
Columbia
Washington City .
District of
1
11
Eastern States
Virginia
West Virginia
86
79
49
24
65
97.209,530
720,448
720,020
372,209
136,016
297,930
1,800
149,491
350.763
110.970
104,812
390,966
1,904,266
147,050
406,540
272,220
126 800
10,053,940,
31.534.869!
18.353.644!
198,719'
796,984!
5,173,653
17,688,861
10.417.890j
898.291
807,343
133.155
266,645
1.021,221
419,638
985.161' 1.180,777
558,007 6.147,392
356,655
440,692
66,597
42,300
298.912
339,342
125.298
134,257
333,940
394,487
110,484,
87.633
141,137
192,167!
526,706
586,437
26,734
107,507
52,829
55,326!
14,742
27,000!
152.567
209.750
238,650 1,441,029
50,573
151.558
131,325 4,332,614
4,321,190
3,703.492
2.572.000
860,464
2,227.192
895.255
3.431.753
13,531,891
1,363,679
1,125,302
1,211,122
1,703,807
947,439
655,817
629.44S
1,794,527
50,500
241.190
65,295
609,550
859.550
334.943
3,378,756
48,363, 770
6,364,480, 19.359,378
46,514,162
31.048,250
10,850,000
9,600,000
3,550,000
16,399.160
5.000.000
24.673.210
24,700,000
8.680,000
4,350.000
9.175.000
4,550,000
9.768,500
4,700.000
4,200.000
16,115,000
300.000
800,000
000,000
5,070,800
2,400,000
550,000
16,100,000
11,124.994
4,190,000
3.612,000
920,000
4,940,079
2.175.400
9,531,908
12,625,000
3.329,788
1,266,000
2,633.310
1.075,000
2.040,836
2.552.083
1,255,000
3,975.745
169.000
260.000
120,000
1,346.010
1,350,000
225,000
11.311.171
137.999,117
38,883.242
31,829.179
15.560,703
78.921,653
18.586.752
136,170,915
146,104,075
58,868.774
17.606,854
58,523,580
28,329,478
51,338,022
18,505,876
20,001,782
65,135,502
1.689,151
3.107,720
1.946,969
20.438.171
29,806.025
5.673.133
66.278.675
1.368,243
1,281,860
509.21
3,968,996
128.273,331
541,251
46,662,913
50,322,438
2,459,215
14,879,011
686,173
62.774, 571,
2,650.866
748,570
23,093,570,
119.810,390
3,289 264
212.325,071 12,249,510
2.003,426
51,489,051
20,775,001
1,326,813
47,618,565
1.685,277
26,378.765
1.323,140
45.999,656
1,692,262
27,934,802
1,311.640
21,202,460
1,473,323
68,187,583
1,793,025
220,465
3,841,485
224,418
5,660,291
2.033,813
173,618
18,570.840
633,335
37.831,389
1,056,413
7,257 372
419,472
99,126,506
2,495.568
1.007,600
2,207,860
1,008,360
510.180
1.044.090
1,937,500
1,514,430
21.731,190
442,780
121,990
733.090
825,000
477,710
1,179,000
600,970
542,680
216.300
204.500
10.000
164.410
1,437,270
28.970
44,426,070
214.900
194,260
176.590
4,800
340,460
373,800
45,000
SO, 000
172,350
39,930
578,870
465,000
51.140
216.220
212,150
Dallas
4
Fort Worth..
7
6
28
119
Houston
Arkansas
Kentucky
Louisville
9
Tennessee
68
Ohio
320
Cincinnati
Cleveland
10
8
9
192
7
Columbus
Indiana
,
Illinois
341
Chicago
Michigan
13
83
Detroit
5
111
6
221
5
6
273
3
Wisconsin
Milwaukee ..
Minnesota
Minneapolis..
St. Paul
Iowa..
Cedar Rapids
Des Moines ..
4
Dubuque
3
88
5
3
8
Missouri
.
St. Joseph
St. Louis
1,724 213,179,920
_.
_.
I
426.296
1,116.028
1,271.120
4,260,285
1 133.171
517,454
611,366
464,822
743,541
340,000
244.467
778,216
970,308
25,000
347.491
62,450
162,000
549.676
182.185
1.054.604
82.028.324 1,051,305,348 18,419,788 1.142,048,874
164,785;
23
99
135
3.668,100
2,815.000
7,565,000
ooo.ooo
2,800,000
9,259,000
750.000
500,000
2,895.000
1,085,000
4,281,000
3,000,000
1,341,800
3,717,500
5.678,360
580.853
300.091
1.998.625
217,000
050,000
1,823,634
550.000
193.000
799,600
247,900
1,232,150
1,157,879
283,300
498,390
1,082,029
19,335.110
15,779,378
36,116.509
3,802.641
18.249,656
44,301,599
3.171,047
3,322,306
20,850,094
7,894,379
35,502,288
33,848,891
7,763,631
14,502,410
12,669,592
205,758
242.589
185 000
64.907
915,584
709,651
15.000
70,000
470,600
114,534
269,901
,131,308
161,000
249.557
89,394
16,218,775
12,833,194
31.626.169
5,021,862
22,542,384
37,127,132
5,772.154
3.578,754
14,487,951
5,925,522
20,002,001
18,668,202
5,280,399
10,651.457
13,356.511
342,086
365,643
906,358
109,490
878,565
1,251,727
376,010
176,348
977.783
301,755
1.177,644
2,641,302
235,325
323,258
273,631
896
49.955,760
11.675.054
277,109,532
4.894.783
223,092,467!
10,336,925;
37
40
4.135,000
1.250,000
6.807,800
4,750.000
12,000,000
1,325,000
4
13
2
855,000
1,100,000
407,000
705,000
100,000
39,838,025
12,052,204
14.436,195
34,808.985
29,260,508
38,315,233
8.998,945
4.999.019
7,118,880
1.476,153
4.608.011
468.038
1.563.143
40,000
3
80
461,292
525,377
700,000
073,918
457,500
361.000
354,250
154.250
350,000
45,000
227.200
55,500
100,000
75,000
28,707,533
8,512,244
9,253,430
28,127,409
24,175,861
50.548.106
5,363,614
3,091,384
4,890,919
1,204,782
2,997.460
129,232
242
35.344,800
13,765,287
196.380.196
4,565,430
167,001,974
535.000
100.000
93.000
918 802
251.416
232.260
814,663
17.519
635.000
93.000
1.170.218
232.260
832.182
104
73
153
Lincoln
4
5
Omaha
169
..
2
4
Wichita
Montana
29
Wyoming
19
Colorado
71
Denver
6
New Mexico
Oklahoma
Indian Territory
Western States-
Washington
Oregon
Portland
California
Los Angeles
San Francisco
Idaho
8
10
28
Utah
13
Stal Lake City.
Nevada
4
Arizona
Alaskao
Hawaii a _
Porto Rico.
,
1,910/00
972,345
187,199
234,945
918,829
156,579
96.043
221,349
189,781
225,337
74.550!
187,166
230,840
425,218
63.000
35,400
78,750
243.341
438.990
443,020
121.586
112,240
164,342
232,900
54,805
1,437,770
1.703.140, 1,504,323
350,000
122,380
47,000
65,328,
976.370
155.037
167.670
137.075
269,550
258.035
4S.5.000
128.937
370,940
370.790
1
213,648
1
879
642
880
870
4,743, 900
7,732, 233
418, 955
363, 005
773, 823
89, 900
234, 344
39, 740
3,034
921
3.031
2,344
527,980
337.437
148,305
205.709
392.290
61,848
141,512
336,697
59,676
109.189
581.880
1,096.700
118.171
46,070
315,226
8,158,347
Texas
8.404,020
6.628,500
4,050.000
2,993,000
5,823,000
750,000
2,915,000
6.670,000
2,870.000
1,855,000
4,700,000
27,815,520
1,600.000
1,650.000
1.450.000
2,670,000
10,134.900
4,945,000
7,957.100
343,618
$
1,778,121
702,821
526,848
550,486
1,296.021
65.889
541.168
1,223,787
388,883
273.641
556,351
3.961,340
856.735
526,000
1,088.074
289,498
663.509
1,167.508
1.232.181
413,277,806!
28
6
430
Island Possessions
71,789.575
99.760.581
46,986,503
24,725,540
17,681,974
11,248.066
25,995,781
2.375,490
13,922.261
21,058,111
9.040.545
9,813.774
26,922,129
81,588,148
10.084,470
7,109,089
6,781,533
9,471.400
Louisiana
New Orleans
United States
5,826,057 35.977,404
270.'»29
412,141,045
71
24
Mississippi
Pacific States
1,230.483
7.577,123
8,112,907
4.380,280
121,081
412,321
446.921
36.325
74,023
4.503,461
45.815,664
1,263,387
834.833
3.007,090
7.262,165
2,788,691
4,351,599
182.777
705,046
648.911
16,340
409.611
37,445.636
35
Alabama
Kansas
Kansas City
11.422,290
995,549 2.032,842
1.000.311 15,612.538
50.402
150,000
104,660
699,841
483,788 2,224,250
1,581,345 3,045,389
725.330 4,216,910
467,965 3,027.944
65,732
275.005
124,661
391.468
150.086 2,187,342
.34.939
3,125
73,103
878,870
1,140 105,881,040
Florida
North Dakota
South Dakota
Nebraska
2,631.884
1.585.934, 7,198,043
2,617.580
76.859,290
585,000
764,500
1.075.290
3.037.440
3,594,090
5,306,010
60,550
237.510
1,570,500
32,460
1,469,310
653,900,
711,185
665.685
2
Middle Western States-
1
12,359,180
38,001,939
.
...
Kansas City
4,250,901
2.356,802
1,485,840
545,038
1,993,502
1.331,514
1,165.000
50,000
.300. OS
098,412
Notes
429.032
366,722
338,599
3.109,888
5.427.582
613,731
1.136,736
796,205
2,509,209
225,000
1,259.445
1,487,670
933,900
1,110.306
2,875,000
7.753,199
895.000
720,000
1,020.000
765,985
2,630,222
2.087,500
2,283.393
.
Indianapolis
250,000
1, 152,000
18, 437.500
872,383
225,000
700,000
273,985
730.700
500,700
252,000
575,000
1
Legal
Tender
*
225,886
256,532
128,853
1.474.990
4.000,783
230.216
880,783
I
131.443
117.627
100.208
689,650
217,921
68,658
260.427
229. 4 Mj
2,007,292
464,321
460,778
284,742
511.026
141,925
420,588
227,916
139,958
75,000
354.656
577,402
267.425
30.000
85,000
80,995
905,553
1,3X7,353
989,470
Georgia
Southern States
5,3.30,000
$
315.728
617,283
324,380
44.505,654
25,623.209
16,049,693
11,663,486
26,801.627
1,005,708
14,830,142
25.532,286
9.047,366
9.974.764
20.438,301
97,374,807
9,638,552
5,215,766
9,157.127
9,197,222
28,954.373
12,954.094
34,176.868
.
North Carolina
South Carolina
C
.091,504
.477,045
133,023
548,623
on
Pennsylvania
Savannah
5.935,000
35,452,500
27.250,000
8,700,250
20,155,050
28,871.661
15,933.805
13,318.490
113.928,281
136,074,420
23,007,584
52,109,531
4
4
S
9,670,000
Silver
Treasury
\Cerliflcafs
4,508.780
-.
New York
New York City
Silver.
68,970
00,190
766,110
10,290,400
284,130
IIOHtOIl
I
OUier.
S
1,110,609
452,336
422.029
2.691.322
3,410,602
387,215
1,594,111
Vermont
Khoele
Loans
Individual.
I
2.794,656
1,656.450
1.522,810
14,629,350
14.400,000
3.205.754
8,742.800
83
55
50
188
25
25
79
New Hampshire
Massachusetts.
Gold
Treasury.
<fc Dis- GoUlCl'oH.
counts.
Certificates. Certificates
Surplus
29,472.731
14.897.576
13,089.090
122,951,903
166.552,300
26,748,739!
54,510,948
-
-
Gold and
Deposits.,
Capital.
01
Hanks
9, 1905.
7,844,270, 5,175,519
5 7.1.23
285,584
147,349
204347
924,314
131,472
147,422
131,364
682,758
119,650
125,985
116,246
252.444!
56,217
211,420
382,880,
29,669
21.580|
106,644|
181,085!
70,892!
192,216!
213,023!
3.171.470i 2.274.883
255,205
100,084
120.247
299.510
224,637
298,227
51,689
43,764
66,212
9,094
53,397
,193.790
30.900
6,760,
110,660,
620
66,260
1.096
5.860!
2,394,452
11,563,130
165,329
53,580
19,024
31,625
53,149
44,255
28.3S4
9,592
12,658
341
13.712
7,003
447.817
64,067
37.354
225, S98
816,059
S9.924
175.573
26,303
143.460
1.343
121,886
7.990
42,520,
31,542,
252,322|
257,1061
46,937
71,474
243,108
266,750
53,930
14,200
145,910
40.300
161,280
170,881
816,339
463,332
978.780
482,645
1,954,775
1,244,366
541.027
142,136
520,332
128,756
1,019,552
2,245,915
226,326
417,916
380.933
161,995
99,525
223,061
5.600
430.900
439,723
14,000
57,000
5,833 808.328,658 420,785.055 3.989.522.834 61.285,655 4,016.735.498 196,710,998 170.895,090!22,778,794|70.549,585 161,157.612
Totals for Reserve Cities, Etc.
£3
In Millions.
Sjg
00
$
Loans, disc, and overdrafts 168
U.S. Bonds
Stocks, etc
Real estate, etc
Due from banks
•!
Clearing House exchange.
National bank notes
Gold
...'
Silver
Legal tenders
Other resources
Totals
depositors
Other liabilities ..
Totals
14
4
5
1
14
profits
Circulation
I
1
27
to banks
3< Due
Due
a
10
10
3
47
16
S
S
173 134
17
16
32
22
1
14
73
19
12
5
3
1
28
5
8
8
81
137
4
55
1
55 1
15
483 22
126 55
695 10 15 146 107
19 1I-.
2
2
1
13
34
279 1,481 36 26 341 241 97 40
o Statement of August 25 1905.
6
16
1
107
80
42
i
S
S
$ s S
25 19 5!2.106 1,965,4,071
583
226 357
1
658
350
308
1
69!
87
156
515 528 1.043
340
8
332!
31
21
101
80 368
288;
93
39
54
161
103
58
59
35
24
$
212
10
4
4
2
279 1,481 36 26 341 Ml
Capital
Surplus
Undivided
I
S
710
68
139
25
63
252
2
150
16
46
10
7
14
2
360 35 46
180
13)
1
13
6
1
1 ..
1 126
l!
15
10
4 180 78(13
41
10
226
1 111
l!
182)
2 1,317|
..
4639
334!
97;
6 27
15 39 29 34
1
1
..I
1
1
5
163
147
12 4.046 3.517 7 .563
25 97 50
8 41 10
25
41 21 33 37 89 7S 27 17 360 35
fa
1
1!
l
474
195
115
304
808
421
212
486
187 1,504
7.1,855 2 206 4,061
35.
71
l!
36
7 25 97 50 59 12:4,0463.517 7.563
.
Dec. 30
THE CHRONICLE.
1905.1
jankers'
For Dividends
see
(Gazette.
pagt 1S2S.
Wall Street, Friday Night,
Pec 29
l«)()5.
The Money Market and Financial Situation.- -The conspicuous feature of the week in Wall Street Has been the unusually
high rates prevailing for eall loans. These rates reached a
maximum of 125% on Thursday, a figure which has been exceeded but twice in more than twenty-live years. The occawas
sions referred to were in December 1899, when 186*
reached, and in October 1896, when loans were negotiated
,
127<
at
.
,
A peculiar feature of the present situation, and one, we
believe, without precedent, is the fact that security prices
have been little affected by money market conditions. The
high rates did not as usual, cause a general liquidating movement, and a considerable list of active stocks closes higher
than last week.
These facts lead to the conclusion that
tin- supply of floating stocks is limited
hat they are generally
held by parties who are not disturbed by a temporary squeeze
in call loan rates and who have confidence in present indus-
1831
The Hurry in the money market has but slightly affected
The volume
the market for railway and industrial bonds.
Of business in this department has been about equal to that
of recent weeks, has been better distributed than is usually
the ease, and prices ha ve fluctuated within a narrow range.
Union Pacific convertible is are exceptional in an advance
of over 2 points.
Standard Rope & Twine 6fl and the '('(dorado Industrial issues have been strong features, while
Brooklyn Rapid Transit and Distilling Securities 5s have
BhoWD a tendency to weakness.
United States Bonds.-—Sales of Government bonds at the
Hoard are limited to 120,000 3s, coup., 1908-18. at L02
Is, coup., 1907,
to
at
I03jf The
103J4, and $5,000
,
following are the daily (dosing quotations; for ycarl
mi third page following.
t
.
The Bank
weekly statement shows the efleet
of the usual end-of-the-year requirements of other London
banks by a reduced percentage of reserve, but the financial
situation abroad is generally less acute, owing to a recovery in
Russian securities wherever dealt in.
Affairs in Russia are regarded as less serious, owing to the
partial failure of the strikes at several important points.
So far as our own country is concerned, the outlook for the
new year is a hopeful one.
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 6 to 125*"^
To-day's rates on call were 20(tt
7
Prime commercial paper quoted at 6% for endorsements and 6% for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1 ,444,581 and the percentage
of reserve to liabilities was 33.81 against 36.24 last week.
The discount rate remains unchanged at 4%. The Bank
of France shows a decrease of 10,550,000 francs in gold and
of England's
.
a decrease of 11,575,000 francs in silver.
NEW YORK
CITY CLEARING-HOUSE BANKS.
D
!/ ft
rentes
1905.
Jrom
Dec. 23.
previous tceek.
1904.
Dec. 24.
I
Capital
11(1.472.700
Surplus.
140.S00.500
-
Loans and discounts...
l,00t>. 107.
KM) Inc.
53,049.700
a985.028.400
-.
176,212,800
74,203.700
Circulation
Net deposits
Specie
Lesal tenders
!
Reserveheld
1,543.100
11,000
1,139,900
1,993.700
1,510.400
Dec.
Inc.
Inc.
Dec.
250.416.500 Inc.
246.257,100 Inc.
483,300
284.975
4.159.400 Inc.
198.325
Surplus reserve
1903.
Dee. 2i',.
$
115.972,700
135.4S2.500
1,057,430,200
42,866,900
1.094.1 15.500
210,40
115.57J.70n
132,545.900
892,262,800
45,30-1. 100
918.700
registered
8a,
3k,
4h
1
.
4s,
4s,
—Jan
coupon Q —Jan
registered Q— Feb
coupon Q— Feb
registered
!H)7
1907
1926
1926
•
67,902.500
2SV776.100
229.054,300
216,479.675
Amer Beet Sugar
banks appear on the preceding page.
lie*
Moines
<fe
•J
Ft Dodge.
(ii
—
i-
20
100
I
-
!
I
80^@4
4
81 %.
8140(8
81 , cotton for acceptance
1. <fc
for
>
I
payment
for
I
S150
S310
3180
53.H51
295
18.043
40
L(
stock tr ctfs
(i
125
900
standard Mining
Vulcan Dellnning
2'H)
loo
Western Maryland
102>4
•102^ •IOC, •102',
1()2 34
02
-5 lv\d
6 19*.
<pa
I
—
94M
Amsterdam Hankers'
'Jui'derr
—
I
I
5
174a
5
VMd
103'
95H
1
95
96
6d
d 1-32
1-
01
"f
1
.
oi
ol
1.
r.
The following wen-
the rates for domestic exchangi
ioned cities to-day:
Savannah
buying 50c. per SI,000 discount; Belling 75c. per S 1,000
premium. Charleston l_">. per f 1,000 premium. New
Orleans bank 50c. p r 11,000 discount; commercial 75c, per
St.
$1,000 discount. Chicago 15c. per 11,000 discount.
Louis 40c. per (1,000
Ban Francisco 60c. per
at
-
$1,000 premium.
Sal-- <<( Stale bond- at the
State and Railroad Bonds.
Board are limited to ? Hi. 000 Virginia St deferred trust receipts at 22.
fl
—
85
85
\
Range since Jan
Dec 29
Deo 28
22V)ec
1
Deo
5
Jan -'.i Dec
25 Dec 28
2 ', Dec
28 Nov
10S .Dec
D'S'iDi 10 28
9
Jan 1 o ^Oct
ir>8'il>cc'27
Dec 27 l68>»Dec 164ViXov
24 Dec 28 21 Dec 28
16 Xov 28iaMar
10 Dcc,2(S lO^Dcc 23
8
T'ne
Sep
78 Dec 27 80 Dec 20 5
Mar
Dec
O^Dic'.",
Dec26
9 Dec
9»4Dec
82 Dec '28 82 Dec 28 71 Jan 82 Dec
26 Deo2
26 Dec 27
26 Dec •lo-,. Feb
s 'i Dec 23
78!2Dec2
784Mnv
\pr
80 Dec 20 80 Dec26
60 Jan
80 Deo
Dec 14 Feb
12>sDec20 13; Dec 28
8
7 Dec 29
6 Mice _'7
5*4 tec
7 Dec
7s Deo29 78 Dec 29
78 Dec
69 Jan
."."„
5 Dec 27
4060 26
« Mir.
>>c.
2 '|Dec2t>
2»<Dec26
1
Aug
8
Deo
8 Dec 26
3 Dec 20
2'«Mai
,Ocl
77
I
;
1
i
I
.
I
I
:
:,800
20 7."ii-.'l>('c2'.i
_
60 Dec 27 3-8 Dec 28
!M|Ix,'27
!t',l>.
28
62 Dec27 52 Dec 27
28 Deo27 os Silier 20
7:, "...Dec
3
>
,
T'V'ilK (
W75^ Dec
Apr
S'85 Nor
14 '•iApr
•
19
26
Apr
'i
iMay
29»«Not
Dec
i
.
between 95 and
!»m,'.
[nterborough Rapid
'
down to 228. J
Exploration, after an ad vane of 2)4
point-- to 292^$, made a sensational tain
.- -i.,
310.
5 points to 239, but later slid
2'M\y2
.
(
(in,
,
I
I-
40M
New York
103-->4
i
no sale was made.
;
American Can
securities wi n active .and .-tree:
opening at 68^, advancing to 71
but endii
..
70'.,.
The commoi
panies
common
,
|
red
;
Low
k 1-16
•102
—
at
-
n
'.,
Outside Market. Irregularity marked the trading in the
outside market, though s firm tone ha- been maintaii
throughout the week. An important incidem
the appearance of the prospective new
curitii
MetropofiThe common shares
tan-Interborougfi
consolid
sold down from 65 to 5851 closing to-day at 61j the p
ferred moved up from 100 i" 102, dropping back to !»!)', at
the close to-day. Over si ,000,000 of the bonds v
d
in
r
drrmany Hanker*' Mark*
Hieh
94
94 9-16
Low
•102'.. •102'.,
i
;
I
Hlzh
-Cables
Actual—
i
•102 V,
:,
<ft
new
17^@5
-Shorl-
I '/in
300
Preferred
"
Sterlin<i
111
4 81
tual rates for Paris bankers' francs
we:
for long and 5
16%h for
short.
were94%@94 7-16 for long
Germany 1
and 95(5)95 I-16d for short. Amsterdam bankers' guilders
were 40] .•
\0}4 for short.
Excl
Paris on London to-day 25f. 8c; w<
range 25f. 9J^c. high and 25f. 7J^»c. low.
The week'- range for exchange rate- follows
Hieh
100
I
To-'
Lc*f:
Plus:
800
.
payment
103>«
102»4
* 1
•103', 103»4
M30'4 •130>« •130»4 130 1,
*130Hj 180H *130>d -130»»
;
8f>
Foreign Exchange. The market was unsettled and genHomestake Mining
erally lower this week, influenced by dear money; the tone
lit. rn.it Steam Pump...
Preferred
was
ar at th
with short and cable s heavy.
Kmck Ice.pref
ToFriday's) nominal rates for sterling exchange Manhattan Beach
were 4
for sixty-day and 4 86}i(5
87 for sight. N \ Centra] rights
N Y
pref
Friday's) actual rates for sterling exchange were N YNDock,
11 * Hart rights.
••
82forlong,
3511
8520forshor1 and 4 8650(5 Ontario Silver Mining...
Quicksilver Mm. pref.
des.
Commercial on banks 4 81
1150 St
San Fran C
E
for
1
•102',
loaii
10334
'.i
28W.Dec23
Dec 28
26 Dec 28
8,000
Detroit South Ti Co ctfN.
neral Chemical
General lee rights
9,000
-
«t
102 34
'i
* •Klil'j
•in?', •l()J 7e
Range for week
Preferred
on December 10.
Returns
and d
paymei
and grain
•1(I3
•130'.,
:
r
X°
Week
2'.)
00
100
100
200
700
I
o
Dec
29
Sales
STOCKS
Week Ending Dee
12.574,625
.
..
28
H
200
.
:,
.|
*102
Dec
2?
Railroad and Miscellaneous Stocks. The stock market
has been irregular throughout the week as a result of an
extremely erratic money market, as noted above. The fluctuations in railway shares have, however, rarely exceeded
5 points and the daily transactions were but little larger
than the recent average until to-day, when they were very
near the largest and at an advance of from 1 to 3 points.
The exceptional features in this department have been
Metropolitan Securities, which lost 8 points of its recent
advance, Great Northern, Northern Pacific, Union Pacific
and St. Paul, which have covered a range of from 5 to 8
points, and close substantially at the highest.
Anaconda Mining has been the sensational feature of the
week. It stood at 192 at the close last week, fluctuated
widely from day to day, and advanced to 292}/$ to-day,
near which it closes.
Amalgamated Copper has advanced
nearly 12 points, Virginia-Carolina Chemical Co. over 9
points, and'Corn Products common and preferred moved up
5% and 7J^ points respectively, but reacted subsequently.
United States Steel common is over 4 points higher than
at the close last week.
On the other hand, Tennessee Coal
6 Iron steadily declined to 125, a loss of 11 points, a part
of which it has recovered.
For daily volume of business see page 1839.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
A ssn .Merchants. 1st pref
Buff Rooh<fe Pitts pref..
of separate
fcH
•ISO's
the price bid at the morning board
rii is Is
a S8.659.400 United States deposits included, asainst $8,605,600 last week and
With these United States depi
$23,234,900 the corresponding week of <>04
eliminated, the surplus reserve would be $0,324,250 on December 23 and $0,112,475
—
M02M02>«
1.!
Dec
3«
•103 >« •103
W
o
M02',
Q,
Amor Malt prf Tr Co ctfs
1
•103",
Dec
•102»4 •IOC'., -102
•
•1023.,
1930
:is,
Deo
25
li'.l.l.
7s,:j70.6OO
15.247,225;
Q — Jan
coupon Q — Jan
l'.ms. i;u8..regiBtorod;Q — Fob
UMI8-HH8
coupon Q— Feb
HHI8-1918, small. coup Q — Feb
1930
2s,
2s,
Is.
conditions and prospects.
trial
Dee
23
Interest
Periods
,
yrange
e
he week at
>etween9 and 10J^. Mivckay Comfrom 58^ got as high as 60,bu1 weak< ned to
to-day to 60 again.
The prefem d
d
from 72}/j to 74, dropping to 70'v al the close of the day.
Standard Oil rose 10 points to 701 but clo
16
American Chide common has gained 7J^ points to 172. The cop]
stocks were strong in sympathy with the ri
shares
on the Hoard. United Copper common from 62 1 , rose to 75,
but fell back to (i2 s recovering to 66jj
red
fluctuated between 85 and sM,
Boston Consolidated Copper advanced from 25^ to 34k and Utah Consolidated from
1
,
'•
.
Outside quotations
will b<
round on page 1836
New York
Exchange— Stook
Stock
Weekly and Yearly
Record, Daily,
OCCUPYING TWO PAGES
STOCKS— HJUH KK'I AMU LOW KS'l HALL HUCEH
.1'
"
outlay
's
83%
106
1(1
159%
16
m:i
99
»R3
90ia
>7
1
1
'
v:l
:;;:
<7
7
0%
•
180%
1
69% 69%
220 225
64% 55
'220
5.-.'.,
-::()
33
«B9
34*4
1
180% 182%
tn
11)1
221
2
!>•'
'
24 5
189
LB]
'188
•14
•3 i-j
16
4:1
225
460
-2:;
'2^2
460
37
ao
45)1
90%
9
•94% 98
*19% 21)
*39% 4')
95
95
20
41
1
1
'a
'39%
1
7;;
73
74
*85
80
*
287
'<,
95
4 2891-4
% ?8 34
100
113S!
95
-27% 28
*57% 58
54
*S2% 83 %
34% 35%
67 % 67%
42% 42 %
w
>
69% 70
161% 151%
79% 82%
126^ 128%
25 S
148
69
47
So%
19\
4784
80
*1l
73
*74
80
•85
90
283% 288 <4
20
35
78 14
ibih
100
!)2Sl
47S
79-'4
5
,
35
35%
67%
43
98
35
67
73
72% 75
74
85
58->4
6
4,
7
97
41
"93
330
340
"33..
146
80
148
81
102% 103%
150
39 %
2112
1511a:
72
120
*8S
92
192% 19284
51% 51%
"a
204", 205
103
103
107
142»4 143ia
-41
45
85
112
136% 137%
91% 91%
86
112
137
92
96
86
112
85
108
137% 138% 135
•95 % 96
23 4 23%
62
62%
92
96
22%
92
96
24
22% 23%
01 a4
63
61
92
9
;
•89 %
83
83
112
134% 137
92
92%
9j
96
83%
»
"67*"
67
"65
48
49
190
23
47
*22*"
22% 22%
•57
66
117
68
S,
•66
22%
*66
70
72
4-5% 49
178 190
22
22%
47% 48%
47%
190
22
58% 58%
66% 67%
66 34
'..118%
35% 35%
101)1*
33ia
1,150
Shore
&
250
Mich. Soutli'n
39,400
& St. Louis.
Do pref
Minn. S. P. & s. S. Mane.
2",900
1,000
5,200
1.200
14,690
3,500
31,650
pref
Mo. Kansas
<fe
Texas
Missouri Pacific
Nash. CJiatt. & St. Louis
at.of Mex, uon-cum.pi
Do 2d pref
N. Y. Central & Hudson.
N. Y. Chic. & St. Louis..
Do lstpref
Do 2d pref
N. Y. N. Haven & Hartf.
N. Y. Ontario & Western.
Nortolk & Western
Do adjustment
Northern Pacific
Pacific Coast Co
1,367
7,950
21,37
120
13,794
1,700
pref.
Do lstpref
Do 2d pref
Pennsylvania
427,200
Peoria <fc Eastern
Pere Marquette
Do pref
Pittsb. Cin. Chic.
Do
180
22
190
22
100
33 <a
*98
56
&
50
1,300
St. L.
pref
13o" 580
2,000
1,400
32,500
9,600
loo
Do 2d
pref
3,000
C.i& E.I. com stock trctfs
Louis Southwestern..,
2,100
57
65% 66%
100
98
33% 34%
100
M. ite o. stock tr.
33% 33% Texas & Pacific
32% 33%
33%
33
*9s
100
*98
5
13%
r.-ij
2
11
4
$
1
Feb
3
29
1 1
1
M :u 2
>ov
Si
:»'ov
Jly
1
Maj
48%
5
N ov
%
lice
1
Marll 100
Nov
5
1
;
'.7:
78%Ang24
J'ly 6 75
Aug
Nov27 ^6 Aug 12
3
33
54
72
1
1
rec
% Nov
28% Xov
41% Xov
Deo
77
58%
lrec
Dec
67
S3
Xov
.Mai 242% Dec
Aug 86% -Nov
J'nt 20% Xov
Feb
94
Dec
95
159
33
Dec
i
iec
Nov
Xov
Dec
38
83% Xov
31% Xov
56% Xov
43% Dec
105 Oct
3300 Dec
62% Nov
148 34 Dec
169% Nov
96% Aug
130% Oct
23% Nov
Nov
150
67% Jan
96 ; Sep
95 Oct
50 Oct
1
39% Nov 16
.\lay22
56%May23
4
1
J'ly
Jan 4 335 Apr I 170
KeblO 90 Jan 13 70
M ay 2 2 24%j'nel9 11
Apr 24 38% Dec 1
50 J'uel5 82 Dec 15
86% Jan Is 121% Dec -9 60 Ma J
90 Jan 18 97 «3 Aov 15 77 Mai
152% Jan 25 183 .Sep 28 125% Feb
24 Moy24 32 Feb 3 14 J'ne
50 Maylo 61 Dec 8 32 Feb
29%May26 5s ^ Dec b 22% May
81%J'nel9 87 Oct 21 64 'e J'ne
22 % May22 36' 4 Dec 14
16% Feb
52 Jan 3 70 Feb 14 31 Feb
28% J'nelO 47% Dec 6 26 Mar
91 J'nel5 106 Marl3 85 J'ne
Nov
t 290 Jan 2o ^350 Marl
i 245
50%May22 73%Nov22 46 Ma>
ri:J4% Jan 25 157% Sep
Feb
10!
161 May 1 175 Feb 9 139% Mai
68%Nov21 91 Marl? 72% Mar
114 Mayll 133 Aug
104% Mar
18%Muy22 26 Marl3
Apr
5
«130 J'nel4 155 Aug22 am% Feb
56% Jan 12 84% Oct 1" 40 J'ne
86 Jan 19 106 Oct 16 80 J'ly
89% Jan 11 145 Dec 29 55 Jan
148 Jan 13 170 Sep 1
116 Ma>
24
Dec
,
35% Xov
J
36% Nov
05% Dec
73
111% lieu
147% Deo
45% Xov
25%
-Nov
145% Dec
47
Dec
115 Nov
78 Dec
H91'i Dec
;21G Sep 21 jl85% Maj 199 Oct
40% Jan 5 64 Mar30 19% Mai 47% Oct
76 .May lo 88% Marll 53% Mai 80% Dec
91% Feb 2.4 96 Augll 88 May 95 Dec
165 Apr 24 210% Aug21
78% Jan 1" L09% Oct In 51 Feu 82% Deo
100 Jan 3 108 .-eh 6 95 J'ly 101 Sep
85 Jan 12 109 Oct 9 61 % Jan 86% Dec
131%lUay22 148 Aug24 lll%Mai 140 Dec
27 Jan 25 48 4 Apr 3 17 Mai 32% Dec
77 Jan t> 106 Feblt 74% J'ne 81"n Jan
78%J'lyl2 87 % Feb 6 } 68 Maj 7 9 % X o v
70 Muy23 87% .Marl 3] 55 Api 80 Dec
105 Eebl7 112
Marl3 90 Apr 107 Dec
«79 Jan 13 143% Nov 8 88% Mai 82% Duo
90 May 22 9/
8ep30 76 Mai 92 Dec
84 Jan 5 101 Nov
55% Feb ^o Dec
21* Decls 37%Jun 18
19% Mai 37% Nov
60 -iNov2; 85 Jan 4 57% Jan 86% '>''
12
J'ne 2 25 Decli
9 -Mar is Nov
46% May 24 64% Dec 11 35 Mh\
Not
2o j'ne t 35 Dec 11 16 Jan 30 X"v
61
Dec!.' SII4 Mar 6 i 61 Mar 79% Dec
i % >ec
45 Dec 9 ";.Mar 6
39% an
176 .i.ui 30 194% Pnel2 i5o -)an 18j
Dec
lit
Dec
20 May a 2 27 %.iau 'Jo
9 %
55 Novll 66 Apr
25 ..rnc 69% Deo
57 .May 4 7 2 . Keb'27 41%.Mai 68 4 -Nov
15 j Jan 5 122% Dec 19 L13 Sep 119% Dec
28 May 19 38 Sep 22 18% Feb 37% Dec
95 Apr 28 102 % Sep Jl 77% Jan 9 %
97 Apr 18 100%Augl4 90 Feb 98
29% Apr 29 41 Mar 13 20% J'ne 38 % Nov
:1
St. L. <&S. Fr., 1st pre!'
St.
4 -"-J'ly
,
)
>4
14% Pel)
AugJ5 32% J'ne
9l%May2«; Uo%.Mail3 87 Feb
200 137 Jan 12 158 Apr 26 101% Feb
700 33%.May t 45 Jan 16 34% Feb
17% J'ue20 24% Jan 10 15% Feb
79*300 136% May22 167% .Mail! 112% Mai
42
Jan 20 70 4 Dec 6 25 May
4,000
114 J'ly27 122 % Jan 30 101 % May
"200 74 May 4 95 Dec 6 60 J'ne
pref
Do pref
810
55% 56%
89,600
64% 66% 66% 66% Southern Pacific Co
Do pref
118% 118% "118% 118% 118 U8-% 118 118%
3,125
3 5 *4 36%
35
36
35% 36 80uthernv.tr. cfs. stmped 37,901,'
34% 35%
10- "4 100%
100 100
99% 100
1,0'J:
100 100
Do pref.
do
59
100
*9s
2,50l
Michigan..
Ot. Joseph cfcGr'd Isfand.
>
Do lstpref
Do 2d pref
*65
•48 Si 49
190
1,10(
5.50U
1,905
2,934
1,600
-i
63% 63%
*65*"
K
92% LV-lst pref
96% 96%
2d pref
23% 24% Rock Island Company
•13
62 %
Do pref
22% 23%
61% 62
62
del), ctf.
137% 138% JJeading
92
5
10,500 !36
83
18 17
1,300 15
ctf.A
Minneapolis
'105
6
ir'i;
Nov
Not
Api
J'ne2-
121
!
.1
J a, ,
Jau31
21.
55% Jan
& Terre Haute..
400
Do
My
22% Jan
J
83 %
18,300
16,700
Do
-'25
1
6
j'ne 2
39'4 J>ly32
90 Jan 14
63
85
Mexican Central
Michigan Central
'
,
83% 84%
4
Long Island
800
Louisville & Nashviiie"". 24,100
925
jVjanhattan Elevated...
!'-» etrop. Secur., sub. rec
81,000
Metropolitan Street
140,760
L
71
17%Jau
City Southern ...
pref
Erie <fc Western..
pref
Do
l
37%
20
C.Ft.S.cS;M.,tr. cts. pfil
Lake
L.
E
pref
Kanawha &
41
17
4,000
pref
owa Central
Do prof
98
340
/an
Mai
%Mar
,
34% 35% Kansas
6/
6S%
Do
-93
161
i
4
Do
57
83
73
Jan 31
eb
Jan
Jan
784
.A],rl7
Jan -• I98%0ct 16 250% Feb
27% May23 39% Dec 29 IS Mai
M ay
91% Dec26 64 'i Feb
76% Jan 2, 96 a Dec 20 60 % J 'no
4,000 11% May2:
22
5%.1'iic
Nov 6
1,600 21 MayJ2 46 4 Nov 3
9% Aug
.16,900 37%May22 52 A.ug'^9
21% Ma;.
5,6oo 74%May22 85% Aug I
55% May
Do
5s%
M9
-
Jani:
:,
Havana
83
'
335
Atl..
Green Bay&W.,deb.
29%
fne
20
iprl7
Apr IT
-.
24,6
1
4
May2l
21'
\pr26 13 %./ ii(- 24% -Nov
6,520 52
M»yj:-. 69% Dto 29
J'ne 63
4-s
2O,8H0 ::2%MnyJ3 55 Dec 29 17% J'ni
S Xov
1,100 178%.May22 J4034 (jet 26 L49 Maj 190% I)0C
Electric
pref
112%121.% Hocking Valley
94
95%
Do pref
17
175 4 Illinois Central
28
111
..11
195
20,'VoV
Great Northern, pref
80
12% i
Sep 21
Jani:
115%
1st pref
Do
:'-<••
-4
Oct
>4
234
8,801
pref
Evansv.
95
105
I
26 -.Marl'.
-.
al'JOj^
3,2
1,2
<fc
1
loy
11,100
1,000
Hudson...
& West'n
Shore
So.
.
72%
87%
\ovr.
'-,
400 150
"200
pref
Do 2d
80
•78
842% 42%
42
98
Oin
Detroit United
287 34 292
35%
6/
67Si
*40
•93
Do
19% 20
35% •34% 36
34
&
"elaw. Lack.
95i.
80
i86
&
I\elaware
1
88
55
>i
liOO
39% Denver & Rio Grande...
-i
95
54
34
22
83
60
39
pref
19% 19% Duluth
40% 41%
Do
47% 49% ti^rie
80
81%
Do
100% 112S
93% 93%
173% 174%
28% 28%
57% 58%
'
Do
470
"91%
78% 79
58% 58%
"53
ia
79%
*3.)
92%
173 '2 175
28 Si 2S
4
*8b
282
:
78%
3.1',
73
-74
pref
Chic. St. P. Minn.
Do pref
1% 38
222
445
39
88
17
lO.lOi
.-
c.
!«l
311%
1
)).
91
i
Chicago Tenu'l Transfer.
14';
'14S
148
'146 148
149
80 2
79% 80% 80% 81 «
102% 102% 102 "a 102 102 a;100 100
142% 145
140% 142% 138% 139% 139 142
165 a 168
166 168
168 16S%
160 108
36 4 37%
35% 37% 37
37
37
37 S2
a570i4 70 Si
70
70% 69
69% 69% 71
101
99%
99 100
100 101
*10l 102
148 152
147 14/
147
152
148 148
89% 39% 38% 39=4 •37% 3'9% 38% 39
'20% 21
20 21
"20)4 21
*^o% 21
149 150% 14812152% 153 154
15o% 152
69
69
69
70
70%
71%
71
71%
'118 120
•118 120
*118 120
118 120
•88
91
*88
^)0
90
90% '.'0% •89
192 {1))3% 192 194
194% 194%
114)3 -Si l-)4
51';
61
51
52-4
51%
52 3
51S<
51%
83% 84
85 %
84
81% 83% 84% 83
93 S.
*92
92% 93 S
93% 93%
93 Si *92
200 20-1% 199% 202
203 206
205 206
102 105
103 104
104% 194%
1 05 % 105%
-100 103
•98 105
*98 105
'100
1O6
-104 108
103 108
103 108
'104 108
143% 144%
143% 14414 141% 143%' 140% 143
•41
"40
*40
*41
45
45
45
45
107%
84
*106
83
*140
SU
10 J
79% 79%
101% 102
140% 142 %
93
29
6-;
p. c.
5
iav2:
140
3,
104
'.UK 10
'.-
1
41
105
117
1'20
28
Do
6s
6SS2 68Sl
*6»
68
71
68% 68%
151% 153% 150 151% 149% 151% 151% 15
161% 163
162 163
162 162
161% 164
78
73% 75%
74% 75%
80
82% 74
a;124% 127% 123% 127% 124 4 125% 125% 126%
3
25
24%
24% 25% 25
25 % 25%
25%
c
Hi
164%
Dl
35'.
4
87% Jan
si
nee 15 91 -. .Javl3
Aug
90.020 130% Jan 2" 177%109%.Mar 13V',
1,10b 67 .\.,vl.
.ugll
61
72
500 190 May23 336 Oct26l
191% N'OV
40,550 45% May 22 '60% Mar2]
51
8 10 30
Dec2fc
Jar 15 33 J au 47-i
»ci -'."
,pr 7
75 Jan
12% 13% Chicago Union Traction
41%
Do pref
108% Cleve. Cin. Chic. & St. L
121
Do pref
29% 29% Colorado & Southern ...
69 *(
Do 1st preferred ...
52
55
Do 2d preferred
41
105%
•82^ 83
8 2 -'4
67
*40
*93
t>8
*92
46S,
79Sj
'3
1:;
1
1
:
.Mar
91
,o
debenture
i',3'0'1
pref. "A"..
Do 4 ]>. c. prat " '.
Chicago .Milw. & St. Paul 111)4*06
Do pref
500
4,956
Chicago & North Western
1
i
14%
220 '„ -21
450 465
38137
X86% 86
94
94
19 S
19
IS,
IDS!
36
93
a;!'3
17514 177
28
28%
58
58 %
54
64
O
W
w
M
w
V
>
175%176
103
*100
*104
4
48>4
'a
20
35
7.8
*148
'38
•20
151
72
*118
38
1
103
117
*39% 41
7% IS'.
7"% 80 4
73
70*2
3
'
222
465
90
94
':
33
167
37
16
1
37% 38%
1.
78
114
24%
•14
:;
Nov
Nov
Nov
Feb
64
1.6
jircl
Do
Do
ls2
"a
89
% 221
245
250
188
191
188 195
1
250
192
185
IS
•
•34
180
8
2 JO
':
-iV.I'.,
45
188
195
16
14
222
450
35% 30
•116
2
'.'l
1
48%
4
79%
80
90
287
164
219
245
Do
85
76
1
Hi'iliest
Liiicesi
.
99,1
>r«-f
Do }>n;l
21% Chicago Great Western..
"83%
180%
88
1
74'-.
21
21
Lowest
77%.May22 93% Mar 9
99 Jan 2: 105% Sep
2.850 L20 Jan 2:. 17o Apr 2;
100% Jan 25 117 Angl4
opekaASMit
1
i.iiic BB..
Atlam
13% Baltimore »ft Ohio
'.i-i'v
••69
85
75
35 %
i
1
245
188
188
89%
37
40% 47 %
»93
•31
176
35 \,
tch.
::
74%
;
47
22::
54
30
189
21
'
80
73
181%
',
ii.i
*S.'.,
7 7
-
225
/or I^reviovi
Year(lU(J4)
Week
88% 89% Brooklyn Rapid Transit..
S6S; Buffalo <fc Susqne, \,r<-.i. ..
174
176 (tanadlan Pacific
;u!;iOa SnutlK-rn
»7o's 71
222 222 Centra) of New Jersey...
5 1% 57
Cheflapeake & Ohio
32
Chicago & Alton
.;•.)')
.
63%
1
Kange
]U'j~j
atiS Ol 10')-Mi.ur
Shares
•3
173',
ao%
1
hlr>.|
t
»450
7S
•107
95
2
4
•09
•'«
39
*34Sa 40
1-14 13
1 2 %
13^
40 % 4! %
104% lin-'j
105 l.-;,7
'lis 121
118 120
2S
28%
28 Si 287,
67
OSS?
68% s.-'i
28%
72%
1,
05
i
1
1
1
;
;'
a
1
68
47
*74
*85
2»7
3
208,
1-::
211
1
7 ilS
"30
*6M
a
12<s
mi
86%
»69% 70
220% 2 !3
•83%
40
40
105%-105 s
•lis 1V0
36%
s7
12%
1
A
100
160
•97
in
gSS
86 S
'.is
',
17l
2
*34% 87 is
)."-7
111
18
•s.",
'75
*3)
15
10.-.
158%
112%
I
87
77
in;
195
104'.
157
Ham.gt /or year
01
the
ItnilroailM,
s8% 89%
104
:
S (,%
-14
1,
J
08
%
"a
1
I
9
*75
*3
•IS!)
47 4
111%
»ff3%
228
245
28
113',
% 99
»
2
Mr',
22a
246
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L60
55
181
12-%
160S
L59
':,
86% 88
1
u
L04
74 %
21S
-i
88'
Rf.%
if
171i, 17434
:
*75
34
106
174*4 176
55
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i
1
•97
8
*83
%
in
<:'.!•'„
.
6
-,
r-
1
-"Y
B0U
1
Sales
STOCK
IHANGE
Friday
Thvrsnoi/
Dec 28
Dec J?
2ff
9
*104
W ednesdav
/ suay
9 '"
Dec 25
Ve'c
STOCKS
NKW roEK
100
ctf s...
7,300
1
1
M
•••
.
.1
1
.
.'
1
'
:
-.
1
;
;
1
I
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
NEW YORK
Aetna
Amer:i-.;
'
..
Amer
Exch..
Astoi ...
Battery Park
Bowrryli
Butck't,^ Dl
Century H
Chase
Chat
:l
*
t
197S 210
525 540
Bid
750
825
170
-'ity
14th street ;]. 200
!oal
1
1
7.5
115
Km-'
<^
148
1275 1279
Iron. 245
25 5
Columbia
320
...
..
1i
(in.iiierce...
lonsolidated
i
L80
185
Bid
3'rnl Ixcliae'
MM-oini'" ..
Easl Kiver..
.
!
.'
ldi'litv"
Fifth
Avel
1
..
10
100
11
160
!
'7S'.% tsio
t'ourth
-
-
U99
55
190
rerman Am'
Uermau
225
Wt
.70
..
1711
Oreeriwich
150
J00
liarailtoa
..
tlanover.
...
>••
L25
150
i-:x
Germania
.'..-.
..
!20
375i
Bid and asked prices- no sales were made on this day. i Less
Exchange or at auction this week. sTrust Co.
Sale at Stock
% Irving
Jetrersonli...
220
375
500
!
i
,an
Banks
Bid
Ask\
InterborolJ.. 148
1
lallatin
Ga-rtteld
-
Ask
340
Jitizens' Ctrl 111
152%
325
Banks
Ask,
4350
Fifth
First
Colonial \
165
?00
ham
Banks
Chemical
111
1
152
Bid
iiank^
Metropoli'n^ 175
230
Mt
182%
Mutuall]
'i29
Liberty
500
Lincoln
1650
Manhattan',. 310
325
Market A- Fa; -65 272%
Mechanics' . 275
290
Mech & Tra' 185 L88
Mercantile .. 255
'D
-Morris*,.. 2
Xasaau
ew
N \ Nat 13x.
\e,v York...
I9in WardSL
Amer.
Merch Exch. 168
7..
Sort h
Xoriiierii
Merchants'.. 170
400
Metropolis^
76
Oriental
:
shares.
X Ex-rigiits.
U Assessment
(
Pacific'
1
People's,",
490
300
Pheuix
188
.v.-,
Plaza'
570
;0'J
iJ
1
:
'
'
too
York CO 1300
.07
-
;io
:5
6
rou Fxea'
Riverside" ..
12%
<.;rd
20
;>
t
^2
B2%
i
&
_
Leth.
,
165
JO
"
reel
..
L2th Wani"
.
1
195
-"
Nardil..
State banks, a i-x-itividcml and rights.
n Sold at private sale at this price.
paid,
180
ZSO
>
::
:
1
.
325
192
70
•5
..
state-
-
:45
b
Ask
497%
1
-•11.
i
''-
Bid
Banks
Part
300
Xew Amster
.\
A sic
185
b
1
X ew
stock.
i
-
H
1
Dec.
:>o
nm
.!/<>)'
U
.\
i
;.<,
Wednesday
Tveenlav
|IU',
\Lh rK!
STOCK*
Ihurtdav
N'KW YOBK BTOOK
>VMii«
138
'
I
.
I • •
'-
•
i::llll\
•
St.
C Hi 11
117
r«
11
lV.'.'"
1
H
l()
.....
is
*;r
IS
42
41
II
•
-.
20,
J
11.
oUh
ol -.in
HyaotSt
Wheeling
11
l>i>
250
.
A
pn
l.ou.
Laki
))
A
6<l%
-
Ills L'
61%
-
I'"
107% 110
BI
a
230
I"
-
I'lVI
Do
10%
H
.'
1(1(1
II
.
Do
.
10%
ss
.
1
34
'-'
•11
44-
1
- 1
H
»4%
'10O
164 H»
250
110
-
13%
14
•106
1334
49",
50
50
ltO
-
13 V. "if".
49%
19%
-
154 V
60
n
45 %
>
is-,
95
05
•18%
17--.
ITU
1-'
:
tit
m<* 16%
15^ 15%
>
59
.
59i»
52% 53%
•-
$3
•78
83
135
136
151
1351*
1"8
lOti
176ia 177
43
loO
105
s
a
1
.">
I
Hi
DO |l!l'l
American Sngar Keflnin;
291
•175
L85
Brooklyn Union
45 34
103
4
17
17\
178%
7 Hi
Hi
Hi
t6
103%
58%
l03
176
7
17.1
-.
19%
-0"t
63 "a
60
53
•77
138
luo
53%
lu5
81
11'
105
174%
l~'
•133
50%
17%
1 7
17
61 Hi
5114
19
/
'<
103%
t
h
111"..
1
I0o%l04%
102% 103%
162% 163
90% 10 IV
48%
9a% 100",
-
101%
-
prel
!"J
•11
16
64
103% 103%
161% 162%
161
245%
61%
1% 105%
oil
•10 IS 104
32 P 82%
103 10
in
3
.
104%
•4''
..
104% ini'i
a 161 184
98
48
'
48
99
,
61 Hi 62
55
56
29 H)
242
60 Hi
104 104
33 Hi
104 Hi 1"
42
.
'
41 a4
'.
lOi
87
lo7
38
•10.
9
j
19
•10-.
10.
li,0
leatral Ltatli.r
Do prel
53
16
-
r
245
-'
i.2
te
53
100
•99
24
Do
pref
103
1
v
10
prel
Pressed Steel
Ho pret
108
101
In,
40% 40%
101
136
•63
65
93
4414
Lai" i.84%
125
•82
•61
4
92
64
Kuliber Goods
Mlg
prel
Shelllelil
Sloss
Ho
4% 45\
L23
2
1
92
67
7n
•
4
46
s
1
S3
91% 91%
I
118
81
14
•Jj'i
•7
113
11
Hi
31
30
53%
i
%
Iron
1,8
11
•
1
1
1
.--lairs
r s Realty
<fe
49%
&
1
-
7O0
-
Loa
.
:'.'i
1
8 J Hi
10
I
Unite
;
Ho
106%
-j
...in
-
1
'
"
•173
173
[KH
Bin
I
Hia
1
;
,m
1
os.
/)l<^
I
Mar21
Mar24
,
an
l2'„.!'ly
nan
(
,.
Nov
Nov
Deo
19% X o v
Deo
Jan
Jan
25
Xov
poo
Xov
.
Oct
12% Dec
Dec
'
Poll
7
1
o
93
15
67
.
m
2
17
19
•J
82
S
Xo\
10
4
64
t,
0151
It
;
i
lo% Jan
Jan
4
4
3
Die
J an
Apr
4
l-Vli'J
.]ir
in
NotIO
•l.i> 2.
MttJ22
X.,v
1
73% Nov
1
'i
Deo
A pt
,11
8%
2
I
U8
„ Dec
Deo
Ian
'-j
.\
Xov
7
u Xov
Nov
13% Xov
7.. % Xov
',
%
.
.
-M 10
.
Mai
17
ov
Dec
Jan
Mai
31% Maj
2.",
Ma]
77
-1
'„
Deo
Deo
Xov
Aov
lib
J ly
Is
30% Koi
LUgU
Sep
.i
1% del
Deo
.Muj
40
100
darlO 43
Jan 13
Dec
6
6
07 34
Hi
37
1
1
Nov
Xov
Xov
Nov
3% Aug
82
2
Dec
.
Muj
Mai
Maj
74% Jan
:;
i
i
21% Ma)
67 Maj
71 !
,
Xov
Nov
Nov
26% net
1 1
lli
Deo2
Oct
Deo
(87
i,v
b'el
U2
Mai 214
I
;uo
Feb
Mai
.Mai
1
u
Nov
25% Dee
79% Deo
72% Dee
80 S Jan
120
Keb 164
80 Mai 10/
24
1
Dec
Xov
Xov
Sep 12
Jan 50 %
J an 117
Sep 23%
•1
s
.Marl
lau 10
4
Xov
X ov
Dec
68
90
>-.•
76
J'ly26 s"'i Mayio
lau 31
)ee 3
Feb 16 lOlHsUi .Muy31 *58
Auirll
.\lay2 2
Dec
Jan 25 106 Xi)v2il
.i.iii 23
Dec i'
Jan i" lua Deo 13
1
26%
Mai 82 %
J'lH
40%
Xov f3%
X,)\
J'ni
.Maj
71
Oct
120
.Mu>
•2
4.1
3
.May 15
1
95
lit
Feb
65
Jan 26 109% k pi
Jan 16 1 18 %
Jan 1..
i'i)2.;
Jan 28
8
.lau 3
Jan 26
Dec It
;.iu .11
Deo 13
68
..
J
.1
ti2ij
M)V2.)
Nov
Dec
Dec
19%
Mai
A pi
SJ
Jan 10
Dec 2 6
Feb 27
Xovji
iOHjXov2I
192
-.
In
34
18
pi
.
41
Jan lim
51%
.Muy
,
l
-2
D10
Dec
Deo
DocK
I . -j
i
•luy
1
.IX.'.
118%
1
k
.-.
'.
1
:
1
.
HeC2,
.,
.an
1
.
i
May20
.
2' "'
,
ncis'
6
ipr
153
*ov
QUOfAflONd
-
-
1
1
(
lyn
X. T. CTI T
.1
^
1
1
.
BUOOKLTX
I
1;
Nov
Nov
11
.
1
DO
1
.,!,
1
6 7 % in
Xi,\
61
i
.
1
1
6tl
Dec
-j
I'm
1'VI)
26
63
Jieo 8
8
.Mar 3 1S5
1
•
IKS'
.
82
mill
AMj 1KU61 UOMFA-N1E
.
I'L-ii
Jan 115
Jan 17o
Jan
.-
Do
-
10
li
1,400
759,8
eat'n Unioi
*
Deo
Deo
:<
Cbem..
pre!
Virginia lion Coal
ills,
1 \
48%
Xov 8
Maris
Deo29
.
Do
in
20
;;i..
121
.May2
i-
Id pref
^leel
prel
>n
.Nuv
-
6215 Kelil 1 tHO
Mai
22 -j Dec
.)
J'ly
60%, I an Is 47 % Feb
47% Oct 2.
l»l I'tef
-
Nov
12 % Xov
J'ne
i
.07
95% Xov
Apr
33 May 2 2 6 U Dec
97% Maylfi Hu%Apr
77
L,000
10,870
Kuubcr
d stall's
83
Jan 6
Deo
"
'
Eipi
impi ove'm
14
Ho
'J
'i
300
;iim a- Refln'g
prel
.
Hi
i)n
;.
St.* Itol
35,1
.
•loy \ 11"
:
Aug 12 31% Apr 5
Aug 12 94 Apr!
24% Jan 24 89% Dec 14
115s, Dee
97% Jan
* Twine
RU...
'
lo
li
80
t>lbOo 60
loo
Pacific I^iml Trusi
Union Hair tt Paper
lie
prel
0\ S. Cast 1. Pipe <t Foun.
l)'i
prel
1
48
8s
'
i
1
14
;
2-11
prel
I"inn. Coal,
13%
81%
19,200
27,200
steel
pref
lOi
50 %
*lu7
125
107
)
lire
Hi c
In
11%
48%
,Vi(l,
26
8
Deo-',
Aug 16 68 Dec 29 36
Aug Ml 120% Marl6 100
87
420 230
14,300 30
1,600
&
2% J
i
spring...
1
16
7
11
J
501'
Kepablie Iron
41
5
I
.Muy2i
Car
way steel
i>V Do jiref
Ho
14,:'6
600
510
D"
.Mar
1
Jan
i
52
4,000
0. (Chic.;
Pullman Company
.
105
34 H
32
103
8»4
Jl'.l
Jan
v Jan
22%J'iii
10 % Jan
Nov
Apr 15
Jan 14
102
170
Jan
Jan 13 137
Sep
75
li.:
34,0.111
1,200
J'ni
102%NovlS 1"5% Xov.;
10
l.oou
4.210
Dec
Nov
Nov
"7" JVii<
i
28%
Dec
50
40
00
8.'.
1
i-
J' i"
5
;
MarlO
18% J'uelO '-5 % Deo 6
76 sj Feb
88% Dec 1
300 48 Oct 18 100 Feb 23
1
Pittsburgh Coal Co...
24%
I
'.'
(00%May22
175
Dec 7
10%Janl3
3,341)
8,800
4.700
5,40"
li.
48% Apr Vi
-
Jan
3 3,40 u
1,000
3,200 110
Air Brake
American Co., ne«
ail
90
1-5
'
1
'500
•2,83.1
Mew York
Xnrtli
9
'4
4>V Facilie Mail
100% 101
eop. tias-L.iSc
'4
36
23
J'ne
98
Mao
1
Standard Hope
44^4
"
u. a
H
ilarl7
;n 17
in 19
t
78% Jan
,
l-ii
96,380 38 .Muy22 59
57 Hi Colorado l<'uel & Iron
lou 80 Augl, i""
95
Do pref
2,3.1"
18% Col. & Ilock.Coal<& Iron.
11% .May 2 1 20
:;.ii7'
181
Consolidated Gas (K.
175 Not13 214
L12.Z68
21
Corn Products
8% J'ne 8 22%
13,l7o 40 Aug 9 70
63 Hi
Do pref
Distillers Secnrit's Corp. 25,6
r34% Jan 25 i'i %
80% •.leetric Storage Battery.
76 May23 89^
i',400 60
Jan 11 146
138% Federal Mining A Smelt'g
18
loo
loo
...
135
(Jaa
Xationai Lead
%
55% 56%
55%
sloo
'.
L(
99%l00
'4
86 %
Hi
5
'.'
Jan
10
526,180
'-2
103 Hi 104
1-
-
1
1
vutl
1,
1
Mai
1% Dooir
1
.
Jan
Jan
Sep
I-',
16
i
1
ue
Dec
;
1
\.v
I,
'.'7
1
% Jan 25 109
10,790 20% Jan -i;
.
•
Nov
26
35%J'nel4 67% Apr 4 20 J'ly
130 May22
Deo2' 122% .Mai
MaylO 41 AukII 12.J Jan
6.5
niiiHW. Docki&C.Ilup'i
Bntterlck Co
I
a
*S'J%
18
93
;
.
i>o
60
15 V
•89 Hi
1
-18%
18
I
liii
Deo 211
97% Sep
,|Ml
a mi ro in la Capper
45
103
55 Hi
•89 Hi
95
106
I
20
'-i
prel
2 72
IIU
178
16 Hj 17
59
61
52 Hi 51
•i6% 81
134 139
105
107
170
177
23% 23
53 Hi '5
55 % 55
l><>
I'ii
79
Dec.'.'
5,700 IIP4
Dec ~
LOi 16;
May3 B50 XovJO
98 Jan 7 no
Dee 12,400
6%J'ly27 18% Mar20
•
105
275
•53
-j
-4
58%
13% 14%
52%
49
li
700
1,200
(,
16
?y
15
•81
54 %
no
;oii
49
1624
138 H
5
.
106
Do pref
% 176%177 General Klectnc
22 a 23
22% 23 International Paper
84% ;5
B4
83% 83%
Do pref
84 Hi
•55 Hi 57
-54 Hi
56
International Power
Hi
8
62 a
62
8l»s 63^
00% Bli,
61% 61% Knickerbocker Ice( Chicj
i'3"8 65',
62% 63%
Z62
64%
64% 68 Vational Biscuit
114% 114% 1 1 8 Hi X 1 4 Hi * 11 3 Hj 1
114 114% 1 • On pref
15 16
•Id Hi 16
17
Xat Kiiaineling&Stamp'g
15% L5H
•85
81
•84
84 -s
•84
88
Do pret
62% 88%
-.
"t
108%
178%
23%
L07
177
23
23 « 23%
84
-5
55 % 56
1
54
no
13
4:i
1
.
aiiht. Smolt'g<ft Keflii'
On prel
American snurt
iiu
pre!
A.mei lean steel Foanitr's.
1
J'lyl2
1
1,0
rcl)l,
"-Oct 26
2
31i
137" 142" '135 MO Aini-r. Teleph. a- Telefr...
105% 106% Amht. Tobao. (new), pref.
104% iOli
4 2-..
4i's American Woolen
4<)
42
Hi
Hi
130%
u
1
•230
230
106
60
18
170
I6i
•
; 14
L85
."j.i
4-i
2
176
18
-.0
50% 58%
55% 58%
S161
J'n.
6
OS
li
.1
5,93i
100% 100% A.mer Smelters seoprof n
100',
185
60
103Hil03\
104
50-j
105
•18ia
45% 45%
178
43%
4::
i;>%
18
Iu4
41
105
241
220
•la
*5B
•103
139%
140
10.".'-.
I
»•
185
24 2
"
13%
50
140
lt'5%
63
111
•15
•85
86
M9
i
:..-
105%
42%
»l?j
1>3 4
1
1
•
.
»137'
105",
26
|j
1
u
19,1 IU
prel
-Viih'i iran
l.ocomotiVf.
iiu
prel
American Sfalttng
Do pret
"1
.'6
!
.
11
6,
iiu
116% 11/
110% 115
99%
40i
.
10
Jan
.
me
rv.
,
.I'i,,
37
7
\|.r
riv
II
:
42
•4
4>a
•25
0%
1
16i% 164%
128 180%
193
115
4
26%
21
43 H,
Hi
116% 117%
»115
151
21
.
41
09%
»106
.
1
mium M nil- a- Leather...
De prel
krnenoen Ice SeoorlUee
2 H
loan Linaeed
ll 54
4 1',
,
li,
I
Apr.
104% Apr
40% Dee
rtny22
•
.
'i
I
iM'll
Cotton oil
Viuei
8
1
Pob
2
..an
Do prel
American Bxprean
Hi
•10
•101,,
1-..
K.i.umi)
prel
viiioru'.iii
Hit
...
111
Jan
Jan
89%
v
J'lj
%J'm
21
.Ian
7o
20
"i
1
%
'.
7
:
Is
May
46% M»y
\ niAii.':iiiiiii< > ii Copper
'.'1
1
...
ilini-rs
1
Mai
i
.1
MiuM' ARrloali Onemloal.
.'1
25
'
M i.y
Muy
Apr 29
36
20
20
,<xf
tii-i
luiliMtrlal
ilama Kxprcma
260
•
u
lsi pn'i
i!
21
.
Mnv
2d
"
61
61
Nov
1
Jail
I,
1
,
(I
i>rcr
is
1
I
in
.N..V
pret
11
.
1
Mia
.1
1>IiM
!>•>
I
61
89
'/)
.1.111
en tnil
u
I
I.
1.1 li
ali.i.sli
U'
.6
I
»o
i
I
13
Kv.iuvi
I'lnti.l
II
tl
40
rof
I
".
i'
I'ii
01%
l>
I
prof. v.n.
i>i>
Unit
-
\
in city liitiilil Pi-auait.
i>n
iHi'i
fnion
1
til-.
v
/.'mi
Hi
1'.
W.
A-
I..
Do
11
160
•
1833
-
(X.
I'llll.l Avi'lllli-
32 Hi
l\.l.
iVsh
1
1
1
.
13a
1;:;
g
•20%
'
Dee
/'
1
1
Stock Record— Concluded— Page 2
,— HJHHASI
-
. .
UO
1
I'
ink*.
New York
— Bond Record, Friday, Weekly and Yearly
Stock Exchange
occurYiN(j
UUM).«
STOCK UXCHA
N. Y.
:<< B
5S.
KMllV'l T)kc 29
Wl'.ICK
U
M91><
8 3s registered
W eric's
Range or
103*4
103%
103*4
103*4 108*,,
Q.JJ
102%
3-F
Q-F
3-F
103 34 Salt
3-F
Q-F
\i
Alabama class A 4
Currency funding 4s
Dlst ol Columbia 3-65s
1
J
106%
X
t
99 sB Sale
liese
are pr
,
92%
91 7R
92>-j
86*4
105
105%
87 U
100
92 34
100
92*4
n
ices
the
102»aMar'02
111 Mar'02
119 34 Oct '04
105*2 Dec'04
102 34 Oct '05
118
J
A-O
136*2J'ly'01
120 Mar'00
96*4 Oct '05
J-J
96*a.
95>uDec'04
96 34 J'ne'06
24
22
22
Q-J
99*5 98*3
102^4 Sale 102*4
99
102 V
101«8 Dec'05
A-O
A-O 101*2
J-D 102 "i Sale lOl 3
102%
Nov
96
93%
94
'05
Nov
Sep
95
Registered
7il995
93*2
Stamped
94
94
/tl995 M-N
99%May'05
Debentures 4s Series E. 1907 FA 100»8
!
*(,
H
N
W
F-A
F-A
F-A
F-A
F-A
m-s
M-S
Austin
<fc
&,
N
1 '-2
104
'2
A-O
A-O
M-N
131
W
J-J
fel948 A-O
/il948 y-J
PJun<fc M Div 1st g 3%sl925 M-N
Sys ref 4sl941 M-N
Southw Div 1st g3%s... 1925 J-J
PLE&WVa
Monou Riv 1st gu g 5s. .1919 F-A
Cen Olno R 1st cg4%s.. 1930 M-S
Pitts Clev'& Tol 1st g 0s 1922 A-O
Pitts & West 1st g 4s. ..1917 J-J
Bat Creek & s Hee Mich Cent
Beech Creek See N Y C & H
Bellev & Car Hee Illinois Cent
Bklyn <fe Montauk See Long 1
Bruns&West See Atl Coast L
101 58 Sale
101i<
io^s
i31»8 8ep v05
101 34
5s.. .1937 M-S
1st g 4s gu..l998 A-O
01<fc Mall 1st gug5s
1943 J-J
Rocli & Pitts 1st g Os.. .1921 F-A
Consol 1st g 6s
1922 J-D
Bullalo & Southwest See Erie
Butt & Susq 1st ref g 4s.rtl951 J-J
Bur
See C R I & P
190S J-J
Cianaiia South 1st 5s
'2d 5s
1913 (VI.Registered
1913 M-S
Carb & Shawn See 111 Cent
Carolina Cent See Seab Air L
C1UK
Ad
100%
95
99=8
100
95
'4
101
99% 99%
99*2
99*2
98*4 101*2
24
100% 103%
i3l"%i31%
114%1U%
Nov'05
95
Dec'05
96
Sale
95
96
96
96*2
103*2 Sale
Nov'04
t 03*4
103 k
lui
91
102*2
Doc '05
91% Deo '05
917,
98 34
98*4
98*4
92*2
92%
92' 8 J'ne'0f)
927g Sale
108*8
108*4 109
119
98 3s
100*4 100*4
95
101
Oct
J-D
J-J
J-J
J-J
M-N
i>0
4,
97%
101
...
19*2Mar'04
98 '2 Dec '05
102
97%
106%
105
90*2 93*a
98*4 101
91
93%
92% 92%
...
1
94*2
37 102
...
Apr '05
109
108*2 108 k
109 109
!
97% 100
& Mo Kiv
122*2....
101 34
123*4
Nov'05
....
119*4 ....
103 Apr'97
126*2 125'e 125 34
125 34
126
....
130
Nov'05
99*2100
100
Dec'05
*
No
price Friday; latsax price
J-J
J-J
J-J
M-S
M-N
A-O
J-J
J-J
F-A
J-J
J-J
J-J
J.asl
113%
106k
loi k
101%
Bale
113%
113^
112
101%
101%
102
101%
101% 104%
101 103
104'4 Oct '05
104% 108%
104%
109%
109% Dec '05
118 k lib'-.
HMkll9
116
108
l
4
112%
103%
100
111%
99
82
80
96%
96%
96% Feb '05
105% Aug'04
110*4 Jan '05
101% Nov'05
106
100
Api'05
Dec'05
Vl-N
106*2.
106
111k.
96 k.
103%
111k 112
97% Dec '05
iiT
J-J
i
J-J
J-J
J-J
135%
114 k,
110%
110*4 Sale
,
5s. ..1926 J
1910 J
1921 J
1916 J
1924 J
Hast <fo D Div 1st 7s
1910 J
1st 5s
1910 J
1& D Exten lst7s
1908 J-J
LaCrosse
1st 5s. ...1919 J-J
Mineral Point Div 5s
1910 J-J
So Minn Div 1st 6s
1910 J-J
Southwest Div 1st 6s
1909 J-J
Wis& Minn Div g5s... .1921 J-J
Mil & No 1st
D Os
1910 J-D
lstconsol 6s
1913 J-D
Chic & Northw cons 7s
1915 Q-F
Extension 4s
.1886-1320 1<'-A
Registered
1886-1926 F-A
General gold 3 *2S
1987 M-N
Kecistered
»1987 Q-F
Sinking fund 6s. ..1879-1929 A-O
Registered
1879-1929 A-O
Sinking fund 5s. ..1879-1929 A-O
Registered
1879-1929 A-O
1909 M-N
Debenture 5s
1909 M-N
Registered
Debenture 5s
1921 A-O
Registered
1921 A-O
Sinking lund deb os
1933 M-N
Registered
1933 M-N
Des Mo & Minn 1st 7s. .1907 F-A
&D
M
129*2.
110
103*i
107
106
103*2
Dec'05
Apr '05
93
94
Jan
'05
120
113
112
122-4 120 Dec'05
114
H3'-2
113%
113*2 107 J'ne'04
93*2 94
95*2 Dec '05
81*2 82
81
81
75*2 Sale
75*2
75*a
92 34
93% J'ly'05
113
113
116
115*9.
Dec '05
115
Nov'05
115*2 Aug'05
112*4
107*4
108 34 Aug'05
107% 108
99%
Sale
106
ilT
105
Sale
91
90
91
Sale
Sale
98
107
103
111
HI
108
look
Nov'05
103
112
111
96%Dec'05
96
96%
90%
91
103% Sep '05
102% 102% Nov'05
95
96% 96%
95% 94 k
109
veek.
94 k
Mar
1
,
113*4 117
183%
J.03 4
106% 100%
0» % ll 1 %
108% 110
115% 116%
110 112%
116%
II
t26
1
114
116
105
104
105
'4
1
k
11
j
1.7
|13%
10^% 111
103
.ilai'ilj
111% Oct
108% Jan
.....
04
102%
103% N mv'05
l
5
113% 115%
114
110
116 k 115
105k
111%
118%
112%
1 109
10 114*4
112
Dec'05
Nov'05
108*4 Nov'Oj
104
116*4
115
116%
118*4 12"
114k Nov'05
llik 114%
'05
'04
%
Nov'05
Nov'05
117
1
115
116%
Dl-c'05
104
L
4
1
105%
110*4 Mar'05
126% 126% 126*g Dec'05
119 k
120
120
119*2 123*4
129%
12% Fcij'o.
130%,137 131k Jan 'of.
105% Sep C
124 126k
Convertible deb 5s
1907 F-A 101*4
109 S , '03
Incomes
1911 M-N 103
124% 130
122%
12'J
Chic Rock Isl cfa Pac 6s. ..1917 J-J
119
J-J
123 Moy'Oi
Registered
1917
98 100 k
105%
General gold 4s
1988 J-J 105% 105% '<5%
104% Nov'05
Registered
1988 J-J
102 104%
95
Sale
95
Refunding g 4s
1934 A-O
5%
104% 109
94 k
97 J'ly'o-i
Ooll trust Series H 4s ..1910 M-N
105% 106
93%
97% Dec'05
1912 M-N
J 4s
92%
96 Nov'05
1915 M-N
M 48
92 k
93 May'Oi
1916 M-N
N 4s
92%
M-N
94 k Dec'05
1917
O 48
92%
90 ilrty'04
1918 M-N
94
P4s
94
80 Sale
79%
8J
Chic R I & Pac RR 4s.. 2002 M-N
79 Dec '05
2002 M N
Resistered
119 121*2
88 k Sale
M-S
87%
191
88%
Coll trust gold 5s
113 116%
Bur Ced R & No 1st 5s. 1906 J-D 100 4 Sale IU0% 100*4
113% Dec'O,.
Con 1st A col trg5s...l9; A-O 119
90 101
120% Mar'03
Registered
1934 A-O
67
88 k
CRIF& NW lstgu 68.1921 A-O 111*2 114% 111 Nov'05
62*2 83*2
M & St L 1st gu g 7s..l9!T~ J-D
93
95
103 Aug'05
115*2115*2
Choc Ok & G gen g 5s .01919 J-J 108%
115 Apr 'OS
1952 M-N 111
Consol gold 5s
110% 115
A-O
Keokcfc
DesM
Ist5s....l923
110k Sep '05
115kll5*2
Chic St L & N O Sec 111 Cent
108% 112
1
1
5 4
I
I
.
1
1
120 % 130
120
:
13
'
i
k 13! k
i05k 105%
.„„.
'(
123
14
...
104
:
(
U%
1
132
:
107%
101%
93%
9j
07%
9"%
95
94'
164
79
7;'
iVo
-
i
iO Id
.
"i2'-j
ilo% 121
-j
1
....
....
111
1
-.
j
...%
15
109
115
iM
120%
1
,
17 108 112%
793 83% 102
11
:
,
110%
on Next I'aae.
Met St Ry gen
Ref g4s
Railway
col tr
g 5s. 1997 F-A
2002 A-O
114%
90%
Sale
115%
115%
S.Jk
92
12
111
118*4 N0VO0
Bway in 7th Av 1st eg 5s 1943 J-D 114*4
119 Oct '05
Col&9thAvlstgu g 5s. 1993 M-S
107 108%
117% Dec'05
Lex A v & V F 1 st gu g 5s 1993 M-S IIS
103 106
96% 97
97 Sale
Third Ave RR con gu 4s 2000 J-J
108 113%
NoV05
119
Third Ave Ry 1st g5s.. 1937 J-J 117k
ill
111
94 Oct '05
92
96% Met W S El (Chic) 1st g4s. 193S F-A
106 Oct '99
Mil El Ry & L 30-yr g 5s. 926 F-A
91% 97
106% Nov'04
Minn St Rv 1st con g 5s.. 1919 J-J 108
87
91
98 103% St Jo Ry Lt H&P 1st g 5s. 1937 M-N 100
!*4%
89
I
16% 1 19%
-.
Li
V
.21%
120%
93% 97%
LI
6% 1
90
1
96
1
100 k 103 k
J'ne'00
96*.
96% 99
114
111
103%
102%
111%
* 108%
122
Nov'98
103
109*2
97%
10/%
138%
137
115*4
116*4 Oct '05
110%
1H%
115%
109% 111%
Dec 05
126
128k 126
104% Dec '05
102% Nov'05
100
99 Dec '05
99
108%
Aug'04
115
Ott C
M-S
M-S
M-N
&
Mil LS& West 1st g 6s 1921 M-N
Ext & Imp sfund g 5s 1929 F-A
Ashland Div 1st g 6s. .1925 M-S
Mich Div lstgOs
1924 J-J
Mai'05
105*2
104
114k
106
118% 121%
113% Dec'05
106% Apr '05
110k 110*4 Dec'05
114
106%
100
109% 111%
110% 113%
113
98*4
106*4
100
111%
97%
193%
133%
117%
109% 108% J'ly'05
115%
115% Dec '06
108%
110 Oct '05
North
F&
110% 110%
101% 103%
16 105% 108%
110%
106
185
.
113%
106%
95% 98%
96% 96%
137% J'ly'9'.l
113% Oct '05
114%.
106
100% 103
134
112
112
.
*4
135% 135%
115% Dec'05
110% Nov'05
115*2.
.
110
3
119%U9%
110%.
118*4
1
119*2 JVIai'06
120 Nov'05
97 k Dec'05
115% Oct '05
118% Oct '06
110% 110*4
115% 115%
98*2
115%.
100
ib'-"
110*4
111*2 Dec'05
J'ue'o4
109 k
'
112
1
100
e2% S6%
79% 83%
h0% 80%
117% Dec'05
136*4
113%
62
103% Dec'05
135*4 Dec 'of;
1*9*4"
*109
J
97
106*4 J'ue'05
100
113
101% J04
Feb '05
Dec'05
102
.
111
106% :o7%
96% Sale
135
05%
113
hO% May'06
107'4
1
113 Har'OC
103 k Nov '05
98 J'ly'05
100 Sep 'OS
82 '4
82 >4
79*2
80 k
102
116%
110*4
107% Nov'05
113*4
Salt
A-O
M-N
M-N
108% 111%
117% 122
116*4 Dec'05
108*4 108% 108-4
M-S
J.J
J-D
115
104*2
1
103*4 Sale
106*2 108
Since
January 1
Sale
Jltijh NO Loip High,
A sic ROW
134%134% 134% Dec'05
133% 136%
131
131% 181%
131% 135%
A-O 108%
A-O 101% ....
M-N 106 107
M-N
99%.
M-S
Chic& Pac Div6s
Chic& P Wist g 5s
Street
tlii*
Week's
Range or
VI-
Dak& Gt Sog5s
Far & Sou assu g 6s
MISCELLANEOUS BONDS—Continued
Street Railwny
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s
2002
Registered 4s
2002
BkCity lstcon 5s. 1916.1941
Bk Q Oo& S cou gu g 5s. 1941
Bklyn Uu El 1st g 4-68.1950
Stamped nuar 4-5s
1950
Kings Co El lstg4s
1949
Stamped guar 4s
1949
Nassau Elec gu g 4s
1961
Conn Ry <fc L 1 st & ref g 4 %s '51
Stamped guar 4 ks
1^5)
±*f.?i Con Tr Co 1st g 5s. ..1933
>'en Tram Co con g 6s.. 1910
Met Ry Co 1st gu 1 6s.. 1911
Det United 1st eon g 4%s.l932
Havana Elec consol g 5s. 1952
Louis Ky Co lstcon £ 58. .1930
Div
M-S
Illinois 1st 5s.. ..1910
St Paul 1st 5a 1909
Winona St Pet 2d 7s. .1907
/><?eBCB&N
Cen Branch U Plstg4s...l948 J-D
Cen Branch Ry See Mo Pac
Cent ol Ga Kli 1st g 5s..pl945 F-A
194" M-N
Consol gold 5s
Registered
194 M-N
1st pref Income g 5s
pl945 Oct
2d pref income g 5s
pl945 Oct
24
108*2JMy'05
tteNYC&H
3d pref income g 5s
j>1945
Chatt Div pur inon g 48.1951
Mac & Nor Div 1st g 5s. 1946
Mid Ga <fc Atl Div 5s
1947
Mobile Div 1st g 5s
1940
Cen Kit & B of Ga col l os 1937
OhiogOsser A../il90« A-O
al911 A-O
1939 M-N
Registered
1939 M-N
Ciiic
112% Jan '04
114% Nov'05
117<*8
114*2
See Erie
West
CedRIaF&N
M-N
Q-M
M-S
Gold 6s
t
1
7tl925 Q-J
N Y & Erie
R & P gen g
J-J
Cliescfe
1992
General gold 4*28
Registered
1992
1159
Craig Valley 1st g 5s.. ..1940
nu.s
88% 93%
R<fe A Div l8tcong4s..l9.s9
4
Kd% S7%
2d consol g4s
1989
4> 103 '4 108'^
Warm Spr Val 1st g5s..l941
2 199*2101%
Greenbrier Ry lstgug4s '40
92
96
Chic& Alt RR ref g 3s. ..1949
%81A ol $5 to £.
Railway 1st lien 3 as.. .I960
Registered
1950
101*2 102
Chic Burl&Q— DenvD4sl922
Illinois Div 3*28
1949
Registered
194U
Gold 4s
1949
Iowa Div sink fund 5s.. 19 19
Sinking fund 4s
1919
102% 102%
Nebraska Extension 4s. 1927
Registered
1927
Southwestern Div 4s
1921
95
97
Joint bonds See Great North
Debenture 5s
1913
96% "97*2
Han & St Jos consol 6s. .1911
10 10
24 '2 Chic & E 111 ref & imp g 48 1955
1st s f cur 6s
1907
lstconsol g 6s
1934
General consol 1st 6s
1937
Registered
1937
Chic & Ind C Ry 1st 5s. 1936
Chicago & Erie See Erie
Chic In & Louisv ref 6s. ..1947
5
96*2101
Refunding gold 5s
1947
147 101% 106
Louisv N A & Ch 1st 68.1910
1 00 >2 104*4
Chicago Milwaukee & St P—
254 100 106%
Terminal gold 5s
1914
25 93*4 99*4
General g 4s series A..el989
93*2 97%
Registered
el989
15 93*2 98
General g 3*2S series B.el989
99% 99%
Chiccfe LSuDivg5s
1921
99*aXov'U4
99%J'ue'05
99*2 J an '05
98 2Nov'04
97 Oct '04
99*2 Dec'05
98*2
A1925 y-j
Registered
&
94*2l03kj
90i8l02
93 14
86
see South Ry
See Sou i'acnic
Registered
Gold 4s
Registered
Carthage &
1
Danv
Bait& Ohio priorlg3%s. 1925
Bultalo
Buffalo
All &
100*8
99*2
99
98*2
97*2
J-J
J-J
W
M-N
L&N
SilSpOca&U gug4s ..1918 J-J
Atlantic
It gei. tu g6a 1920
Wilks B Coal 5s. .1912
Con cxt guar 4 ks
f/1910
N Y A. Long ilr gen g 4s 1941
Cenl Pacific #e« 80 Paclflo Co
Chaa ife sav See Atl coast Dine
Lei)
98=h 188
102 Dec'05
109*4 Oct '00
J-J
J-J
J-J
J-J
99 3
99*2
98*4
91',
At Coast Lint
Albany&Susq See Del& Hud
1908
1909
1910
1911
K
1913
East Okla Div 1st g 4s. .1928
Atl Knox & N Hee L &
Atlantic Coast 1st g 4s./tl952
Charles & Sav 1st g 7s.. 1930
Sav F &
1st gold 0a.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 6s. .192*
Bruns &
1st gu g 4s .. 1938
coll g 4s
01952
Am
& Hud
J.*
I08>2ll0*2
laba Midi See
Series F
Series G
Series
Series 1
Series
>4
Dec'05
Railroad
Alabama Cent See So Ry
Allegheny Valley A'eePenn Kli
Alleg <fc West See Butt K & 1Ann Arbor 1st g 4s
A1995
AtChT& S Fe— Gen g 48.1990
Registered
1995
Conv g 4s
1955
Adjustment, g 48
A1995
103
104
20 102 34 106
3 gen'l gold 6a. 1987 J-J
Regisl ered
ft.1987
Dock <fe Imp gu 5s. .1921 ?:j
1st consol g 5«
1900 J-J
1900 J-J
1920 JJ
1924 K-A
Louisiana new consol 4s. .191
North Carolina consol 4s. 1910
1919
6s
1983
So Carolina 4 %s 20-40
Tenn new settlement 3s.. 1913
Small
Virginia fund debt 2-38...1991
6s deferred Brown Bros ctfa.
103*4
....
i
Dec 'of.
to 6. .,..1900 J-J
B6s
C 4s
Class
Class
....
103 3
130*4
I
State Securities
Dec '05
Nov'05
110*i, 110*2
98*4 Sale
3
£ loim 4%s ctls full pit. 1920
t 92 sSale
2tl series 4 %s ctls lull paid. J-J t 92*2 Sale
£ loan 4s ctls full paid.. 1931 J-J t 87 ^ Sale
105%
Repubot Cuba 6s exten debt.. MU s or Mexico s g 5s of 1899 O-J t
92
93
1954 .ID
Gold 4s of 1904
FA
Hujit
104% Cent of NT
02->4
Range
Price
Friday
Dec a 9
Rid
lx>w
103 k
102% 106 \
103*2105%
130% 138%
130*4 134 k
130S131*v
109 a8
Philippine islands 48.1914-114 Q-F
1
...
A'o
107 J'ne'02
102 4 ...
104*2 Oct '06
102% 103'., 102'r Dec 'of.
10334 104 »v 103 8
1037g
130*4 131*4 130 34 Dec'05
3-J
Korcimi ttoverameni
Japanese Govt 6s sterl'g.1911 A-O
1911 A-O
2d series 6s
1
January
STOCK EXCHANGE
Week Ekiiinu Dec 29
N. Y.
Since
Sale
I.ast
BONDS
Range
S
Rid
A*k Low
High
102% 103*4 1113*2 Oct '08
U. S. t««VH»niiieiii
U 8 2a consul registered. c£1930 Q-J
cU93o Q-J
U S2aconaol coupon
£1918
U 8 3a coupon
U 8 8a reg small bonds. .fc!9ls
U S 3h COU SllKllI bonds. ./cl91n
A1907
U S 4s registered
/U907
US48 coupon
1925
XJ 8 4s registered
1920
U 8 4s coupon
Price
Friday
Dec 29
i'auf.s
roi,'it
94% 96 k
92% 95%
Underground Elec Rys of Lon
don Prollt sharing 5s... 1908
Union El (Chic) lst'g 5s.. 1945
United RRs San Frs f 4s. 1927
United Rys St L 1st g 4s. 1934
W Chic St 40-yr con g 5s
J-D
A-O
A-O
J-J
1936 M-N
114%114%
114% Nov'05
St Paul City Cab con g 5s. 1937 J-J
96%
Sale
96%
96%
68
S7"k Sale
88% Sale
84
»7
aDueJan ttDueAnr eDueMay ^DueJ'ne 7iDueJ'ly kDueAug oDueOct
87
88%
99
100%
92%
85% 89%
87 k
87
88%
Dec '9
pDueNov
t'6
106% 106%
106% J'ly'05
*
Option Sale
Dec. 30
BONDS
fYuiati
Dec J 9
B
J'.'
bn Penn
Puis
i
«i"
'.
M A O con BA...193II
Cons 6a reduced to 3 s.i";ii
Ch st PA Minn lm 6a ls'lP
Nor Wlaooi
St P a BCIty
llffV*
J'rtee
STOCK BXCHAKG
Wkkk Km. in.. DWJ
LA
LaM
Ash
A-O
4a.. .1941
J.J
g
Ootmon oil
Chlo A Went I mi gen r 68 {108:
Clue A
Midi Set Pare Man
Choc O A Gult .v. C K 4 P
W
.sulo
lililh
/.(Ml-
Mnci
13
s7
yaiimirv
A-o
Ixite
136V
1
High
dm
1
i
Mar 'm
i-j.;
ooi '06
urns
Bala
!>;•
\,.\
i.
s,.^
113V.
1 1
V
8
loll
a
11
Ola
2d
1)
a
1)
woiit
I
gu
|
lal
1
Jj
C Kind A 1'; \\ Lat en iMN
Cm a w Lai a ;-. 1063 J.J
C 1 St L A C see C
A st
Cin s A c Sm (J C
s: i,
Cieartielit A M
a
Clev cm C A Si l. ran 4> 199S J-D
i
-
110
114 V
LIS
117-'4
.
Onl •«"
Oct '08
I
\\
Kt
\\
119
116
*
leorgl
1
i
'99
.
V
..1
i:
Cairo Hit
W
Clu
1
gold
st
a M
imv
1
L03V
|e
lal g 4a. 199]
8t LDlv 1st c<.; ti
Regislereu
Spr & Col Div lal
ft
4a.. 199(i
JJ
JJ
MN
U-N
g 4a. .1941 M-S
Val Div 1st c4s...l'.'n J.J
st LA C con sol 6a.. 1920 VI.N
I
1st cold 4a
Reinstereo
mn 8 A CI con 1st
klUSi
O-l
fcl93l
3-F
5s .192*
l ooaaol 7s
L014
Consolsmk mini 7s
l'.UI
General consul pout os. 1934
Resrlsiereo
1934
Ina «l A \V 1st prel 4a.l94U
OIndA
lal pi 6a...<<1938
j
ccc a
W
JJ
Jl>
J-D
A
A
Maliou Val
see
Pitts
Col Midland 1st
ir
1916
1918
20OU
NYLackANv lat 6a.. .192]
Constrnction us
1923
Term A improve 4s
1923
Y 1st 7s.. L906
Vrarrenlst ref gug3Vs.20OO
Del A Hud 1st Pa Div 7s. 1917
Registered
1917
SyrBm-AN
J-l)
Coneol gold 4Vs
JD
.
Afpst
PMA
Ten Va A Ga See So Rj
Elgin
J oi
a East lat g 58.1941
A No See Lei: d;.Nl
Cort
Kr:e lstexl gold 4s
1941
2d exi gold :i>
1919
3d ext gold 4 Va
4tl. ext iroki 5s
1921
6th exi gold 4s
1928
lstconsol golu is
192U
lstconsol i: luin! 7s
1921
Erie 1st con g 4s prior..
Registered
1st consol gen lieu g 4s. .1996
Registered
1991
.
I
Penn
coll
ti
g 4a
60-year conv 4 - A
1P5.:
Butt.N
Erie lBt 7s. .1916
gold 6a
Butl A s
Chic A Erie let go
Jen l'.i: lal go g5a
01909
Y&
W
Long Lock
Coal
A
CO
Kit lal cur
tru
1
77
50
'0-
Keiris
$5,UW
..794:'.
'i
J'ne'06
128°8^ov'0o
4
Deo '06
1033|
Oct 'Of
101
113
105
...
104 S.
96-8
133
;'
102
134
149
10J38
101 34
137 V
JTeb'03
Mav'O.")
Ang'01
102V Deo'06
101 VI
142VMai'Oa
101%
L013< 1013a
*
106^ Sep
* * " *
iu'J"
99 V
'05
106V1
99 >
99^
99V
90
89 V
!'5
97
Jan
'02
110
Sep
'04
101 Sep
95 V Oct
'05
'05
100
96
99
113
lOJ.'a
127
180
L21
'i
Gas A Llec Berir Co
Ci
l">
S9
94
V
I
-
3V8
lu:^
ns\,
.
113V
133
Sale
!'3
V Sale
,
00
08
108V
i
1
102
.
.
100 V 11"
L06VJ'ly'04
urn
108
Dec'Oi
Loo"
Lo2V 108 V
Di
L09VU1V-
99V
J'ne'O,
104
UO
113
]
10
(16
i
94
Mar
102
70
V Xuv
I'.k'.i
iuo" 106V 106 V Deo
1: 16
'4
.
102V....
103*4
.
'.'1'4
.
107
80
82 V.
.
.
Loiv ioa'v
ios" Yds"
"
Deo
fa
a
vi"7
103 loOV
iii4
ly
.Mai
Oil
.Muv
'94 V
"MV
Oct
81
84
86V
92
96
86 V Dec
•95
ioi
Dec '06
VOot '09
100
A'ov'OO
92
*92V
100'8
li)!ii 8
Muy'OJ
109
120V
L22
Deo'05
122
911
.\'iv'9-
103V
121V
iii.i"
Oct
106
106 V
106 V
06
123
81
.
Loa"
Uct
1112
L04*4i
103
112 V
M.il
(Jcl
1961
1962
86
V
Kill's
132
125
tTov'05
118*4 -Mai 'i!
oi
Blttl
93-V
i'iivii'o"
101
UOV-liin '05
103 Nov*04
110VU0V
Ul 34
109V111
100°8.
100 V Oct
I
I
IKS
100
iUO
80'e 78
115 118
86
80
;,
4
99'eioOV
122 V
'06
Dec',-.
119
100
Sale
10i>
Dice.'.
Cir.
VDi
107
1/ ai A A G R See L S A M 6
1 Van A M 1c.l1
See Tol A () C
K Kt s a M See st 1, a- s f
K C A M R A B See St L A S
Kan C A PaClllO SBi M K A 1
Kan City Sou 1st gold 38. .1950 A-O
97
Knuxvilli-
ill!'-.
I
114
116
A Ohio
AW
So Ky
g 5s.. 1 937 J-J
J-J
120
x 5s..
A-O
115
S See >.' S
Leh Val A Y lat gu g 4 Vs.
J-J
Registered
L940 J-J
111
1
ake Lnc-
Deo'O:
Dec 'Oil
103 Kj
ft
11
Dec'O-.
2
V
1
2
1
85
88
i
'Jd •rolil
108 34
107
Lof V Hi V.
113' 4 117 V
LOS
113V
•<
Dec '05
I
:
1
37
s^
98»4
(Pa)
96%
-5
•'!-.,
1
127
:
...
L2SV 127
.M.ll'O.'i
..
L05
...
.1
2*4
134 V
lid J'ly'iM
Ill
.
L6
121
U
in]
110
iu'»
113
i 1
3
107V O.t
109V J""
'06
'08
114
'i'-'.
Api
V
1
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I'i
li.'-j
N
V
>.'
V
A
.Nor
Bll
-
104\
104 V
i;
H
it
B
OS
....
61V
70
75
B
atajr'06
.no
D
A
.Mil
i
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Hi
il'1'8
1
97
V
-'
V
1
I.-
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.1
101V
U7VH9V
06
115
in-'-'..
U5VDec'05
oe^
9'.l'4
101
UO
V
ft
I"..
ft
10JV
UIV
105
112
s
LLO
ll
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111V
s
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1
ib"6'i4
I
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101V
111
mi
LOIH
II
Uft-'4
106
L20
119
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lt'5
luO
in.;
:
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nil
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113V
1 1
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l-
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.
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i,..
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.
M7V1UO
11 4
.1
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117
.
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1021
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,
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lm
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102
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121
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M-s
<ov'06
M
lux
102
103
L03
104*4
106V
:7V
i
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J
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lo
I
i
1
I
.
-
:ii3V 107
U ii"
.ID
.
J ly
LOU
ill
10914
V
J
.
Due May A Dm-
97V
111!) V
'»
g 6i
.IKKtlllg 1*1 g
.t i-.i i*t
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10V
120
Deo 'OS
1047 M-S
r
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99
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11
,06
:
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99
I
1
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i
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on V 102 V
105
UK
i
.
,
09
I
Fuel Ga* lsl gu g 6s. 1047 M N
t
11
U5V117V
100V ni2V-N"Vo:.
..1911
68....1919
-.ii
V
lOOVAov'Ui
104V.
"-j
I.
Klcli
12
H2V
.
107
J
si
'
97V
Till
.
N'asli lsl
ronton G
Due Jan lillucitu U Due Apr
L6
I
s
g 68.1021
Ai'K 1st
L10V
108V
lo,,-.,
ii
Pa
J-J
LdV
L20
Not'Oo
-
i
ftale
191'.'
Bi fund
LOO
127"
.
i
193
1
,
V
l
.Sov'05
LllVKor'03
L12VNov'06
106V
1)
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i,
a
117 V 120
J
h
lsl y 58
-Nasi.
I
02
117
s
l,ll,i
no
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1st consul gold
1"0
105
V
J
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isDnift! Llati
Be and ext ]
l-.ii
FA
K
Co\l trust gold 6i
5-20-yr col tr deed a 48.1923
N Vi,
V A
price trnlay; lalent Old and asked this week, a
M-S
A-O
1st 00
Milv..
99V
Deo '06
|6V Deo *0f
120
]
117
•-
K H A
I
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J-J
L945 M-S
A-O
Mont
AM B
A
.
NV.l '.
N V .\
.j
us.
g Is..
ol
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Registered
113=4 114
105
i
)il
L10V
1)2'.
ib'6"
.-7
1st
Bold
i
112
^u g
guar
HI
26
114
I
I.oulsiiina
104
110'4
I
I,
Lsl
ll.l.lM.dl - ROM)'.-Coniiiiiii-ii on Sexl
"ii'
.
lo
1st
Be
gold 4s
iikivn a
1st as
106
1
•.
110
lie
M-N
A-O
A-O
9 11
i
L943
Debenture gold
V 36 V
1
V:
g 6s.
told 4s
iifd
110
117
lld»«
gu
lstconsol gold 4s
Qeneral gold 4s
Kerry gold 4Va
Gold is
08*1)
1 4 >4
110
I
MIS
"I
I
1st
-
Gold guar 5s
Leh A Hud
!
101
H)7
K'll
,
U5V
Leh A Wilkesb .See Cent
Leroy A Cauey Val See Jlo i'
Long Dock bre Erie
Long isi'n— 1st coag6s.fel93] Q-J '116V
91
106V
...
i
L1C A X
:•
94 's
Sale
Sale
1,1.
04
-M loh
Leh V Coal
Leh a N 1'
1
103
133
130
92
88
st
..s
lsi
73 s.
73 V
63 Oct '00
,s'ei'
1
Registered
17V
73V
A-O
.km
i
84
Aug'03
lnlV 102 V 26 iou" Losv
10] V Oct '05
L01
105
F-A
K-A
A-O
161
108
100
96
111V110
'".-
M-.V
A-<.
AO
g 3 Vs
1st
109V
i
'-j
102 h 102*4
I
id
102
-
113»4
J-l
M-N
A o
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1
L96]
3ssterllng
90
103
1
l'.K".
70
90
II
10)
I
1 1*
106V
101
i
"I'
I
103
old 3
Pnrcl
I
LO]
lOaVbaJa
LOOS
K-A
I
Kentucky Cent ,y« L it .\
Keolc A Des Mo see C B IAP
101
'
.
Gen Electric den v
Gr Ran (i L Co 1st w .".-... 1
Hudson Co Gas is:
Kan City Moi Gas 1st g
Kin irs Co tl L& f g 5s. ..1937
Puxcaase money 6a
Kd h.\ L
m f4s 1U3!'
103
Loa
W
J'ly'05
FA
j.
Is ...
Registered
180 V
15
92
11
Spring Div 1st g 3 Va... 1951
Western Lilies 1st g 4s. .195]
Bellev A Car 1st 6s
1923
Carl) A Sliuw 1st g 4s... 1932
Clue St L A N O g 6a.. .1961
'
J
ll.v
Vs
VI
1961
Registered
103 105
1951
Memph Div 1st g 4a.. .195]
103*4 108
St L Sou 1st gu g 43
193]
i'34" 134 V Ind Bl A West See C C C a
Ind Dec A
1st g 5s
L936
1st guar gold 5s
Loiv ios\i
L936
Ind
111
1st
A la
lOOVlO'iV
g 4s
I960
142 V 142 V Hit A Great Xor 1st g 6s.. 19 19
2d gold 5s
L009
11 100
3d gold 4s
102 V
1021
10634 109 V Iowa central 1st gold 5s.. 1938
Gold 4s
1U6S lid
1951
LOIV Jeiterson RR See Krle
118 V D.
113
A-O
tdtllULkn gMKCoKLAP
Kd H. LU See S Y U A K L A i'
Bq G LN Y 1st con go-..
MM
,
1S1»4
112
111
114
U-S
Detroit City o .,1928 J-J
Dei GaaCo con 1st g 5s... l»lft FA
>i'o
129*4
128%
I
Q
Registered
1952
A Tex gold 4s ...1953
Registeren
L068
Cairo Bridge gold is
i960
liOUiHvDirA lei in g3Va.l963
Middle l)iv leg 5s
L921
Omaha Div lsl g 3s
1951
St Louis DivAterm g 38.196]
Registered
r.1.1
Gold 3V8
1951
Registered
L951
J- 1,
.
G A
J-J
LN' O
90 V
...
iJ4
1U3 3^
f,
.
.v
Trust gold 4s
L Sho A
J-J
iiniyn Li Gas 1st con g 5s. L946 M-N
Buitalo oas 1st
V O
6a
r.'o
Consol lias con
J-J
Consuiu ban see L
nold
1st gold
Llt-ht
(
ex
1st
w
North Ohio
HIM
(u» nnd Klcclric
G L Co 1st
Tol
Extended
78 V
I
J
Hooai B a
'I'ex
See 80 rac
Hooal A Tex C©n See So Pac Co
Ihuois Central 1st g4s.. 1'.'..
[
1 Registered
1
5
e'iitii...l943 v-.s
Atlanta
sale
Co
4s 1021
ti
Registered
12.:'.,
Si's
sl^ Max'05
93
93
114V>Tov'05
93 V
91
112
J.J
coil
(j
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!-S
M-fc
J-J
J.J
J.J
J-J
.1
113
1-
I02»a
M-.N
AO
ID
JJ
Leh V Ter Ky
MidUKot.N' J Iatg6a.l910 A-O
WUk A La lstgu t'5s.l94'J J-L
Ev A Ind lat con gu gOs..!'.^' J.J
r
A
Col A
i
111
111',
Mar'Ol
LOS
Li
112 V
J.J
lat consol g 4 Va. 199!) J J
latered
[999
H V I si ext g 4a.. 1948 A-O
Ool
IO6VIIOI4
127
127
1
73
90 '<
94
106-s Xot'05
:.
I'j:i7
B«J
r.e):l!ill \':il
A-.-
I'iic
Hock Val
116V 119V
117
126V 126*8 I)ec '5
130VNov'05
im
7
1LW
124 V
00 V 112
1
A B1 Jo Sm B
Han
ousatonic SeeH VN
101
V 84
1
\ Lm.
Kv
Bo
>.i
Dock A Imp 1st cur 9a.. 1913 J-J
K V <t on-eu L gu g as.l'.M* M-N
K \ sus A W 1st ret 6a.l937 J-J
2d golu 4*aa
General gold as
Terminal Is,
Nor—C
Coll
77H
93 V
1073s
A-O
Sa.1922 M-N
-..
186
Kit
LOfl
.
ii
llli/fl,
.
ii
A pi '06
oi t '04
II
inn
I
'06
i.uii
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Si
I
1-rjs
..
1
l
i
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I
l
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XL/ast
Elm
78\
76V
77 Sale
93 34 Sale
1936 J-J
•_
131-'<
116*8 Koy'06
u-s
M
'u.
100
100
HGVJan
102V
MS
112
11
4
121-\ 183V
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.
ii,
111
6H.L913 A-O
lsi
January 1
Mm
Kci'isteri'd./i
102] Q-J
Otreenbrter Ky See Ohea A
Lull A 8 1 1st id A I 5s 6196V J-J
1st
113V
.«-:
A-O
F-A
Oct
100V1O3
nil V 108V
.
(>
Z
*1
High
12
1
129
113 V
Det
A Tol See L 8 A M >o
Let A Mack lsl lieu g 48.1995 J-D
Gold 4s
1995 J- 1)
J-L
Det Sou 1st g 4~
OliioSou Div 1st
4s. ..1941 M-S
A-O
DulA Iron Range lst6s..
Resnstered
A-O
2d "6s
1916 J-J
M-S
Dul Short Line lal cu 58.
Dul So Shore A Ati g 5.J-J
.Minn
119V
K-A
j.j
Improvement goal 5a.. .1928 J-l.
Rioter \\ B8I 1st g4s
J.j
Mge and col trust 4&A.1949 AO
Cent Is: gu g4s 01911 A-O
Bio Gr So gu See Kio l-;r Su
Des .Moi A El D .see M A 81 1.
Des M A Minn bee Ch A N \\
DesMol Uu By lat g 6s.. 1917 M-N
O!
101«aNoV0.r
101 VX'ovo.'i
116 Deo'06
123V Oct '06
j-n
Alb A sus 1st oon gu 7s. 1900 A-O
Guar gold 6s
A-O
Bens a Saratoga lal 7a.l921 M-JS
Del Kiv KK Urldge See Pa Ki:
Denv A K Ur 1st con g 4a. 1936 j.j
l/asl
1DL\i
101 »«
115
1
lstconsol guar 7s
Registered
let ret l'u g 3 Vs
'Iwi
A
Jiangt
Sine'
Btmti \ I'cni
nd see Penn KH
IVim Set s-i l, s. w
Iniv's PI
'
I.
Aik
L23
i-rt\\
oswiiriit
KnpA
.r.uui
lit
in;.
104VXov'01
7a.. .1907 M-S
7s. ..1914 Vt-N
'9'0'v
94VAag'03
Jan '04
99«a 102
101
106
H'0'4
too Bale
78 V Sale
JJ
98 V
KIO'j
rab'06
A- 1)
1947 J.J
Waco Sm AI K a
A Western
Moms A l-.ssex 1st
wu
-
5s. ..103 s J.J
4s
Del Lack
8
104>j
lo s
tOI '0-1
135
Colorado A Son 1st * 4s. ..192;' FA
Coluiu A Green* .sy<i So Ky
Col A Hock Val .see HockYa,
ColATol ,vr Hoi k Val
Col Conn A Term .see S A \V
Conn A Pas Kits 1st g 4a. 194:' A-O
A (it So ^<< C M A til P
Dak
alias A
I
101
ion
mi'4 Deo'O
L02V Nov*0
100V Deo*06
1S4' 4
Penn Co
ir
lno
J.J
Peo A East lal oon4a...l94U A
Income 48
199C V|.t
CI Lor A Wh oon 1st g 5s. 1933 A-O
Clev A Marietta 6«l'euu KH
Clev
Clev
101\
10'."4 iuii'sj
1091
WW
C
103V
.s
-
a Nor
t.;
102.H
A
Vs. 194
I
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louv
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1st
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1
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1
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A
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1
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I
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it
1
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Den (' 1st -
'al Mar d
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1
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li
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6a.. .1941 V \
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l.l
I
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^-s
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I
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6
8
I
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•
1
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l-.-J^
v
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rills; en-. o». LBS
le a
t-.v.ius
1
i
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Wkkk ENDING
-
03
136 V Deo '01
i)
1st g 6a.. .191ii
Chicago Ter Trans
j
1835
BONDS
Ailiiyi-
A'iUi
»186«a
93
j.
136 "a
VI -N
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8
1
Bond Record— Continued— Page 2
1003.]
N. Y.
Chlo st
Chlo St
V
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s
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.
1
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Jan
l.l
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LI 1
t
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Bond Record- Continued— Page 8
?H3G
!N>M»>
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1
.\
N\
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1
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lai
I
si
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M-S
1981
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1
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1
1
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LOOVj
.)•
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i
15
i
!
1907
illtr e 4%a 1st Ser
ftteuat 1st con <? 4s. 1977
1977
mpeci guaranteed
1st gold 6s
1910
Y Cent
lent See
to X J
See Erie
>V
See Chic
M ii L S
St 1J
M il A North See Cli 1VI
7s.
gold
.1927
1st
St
L
Minn*
Iowa Ex 1st gold 7s
1909
Paciilc Ex 1st trold 6s.. .1921
.t
Hex North
II.",
-V
1
-.
1
.
Lake Shore
96
Sep
'05
1
"i
Nov'05
1
1
Dec '05
',
Dec '05
05
A
J
,
1
197
lo7',
J
S0\
Sale
'.'5
Sale
!
19 4 Sale
92
99
J
J'ly
'.i
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A-O
FA
4
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5
1
1
l(i>g
.
..
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4s
....
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;
,
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M09
4;^
11
-
9
J'ne'05
97 Dec '05
97 l-iAug'05
---.
99
J-J
J-J
102 M
102 >2
L02!-2Dec'05
103 Xov'01
....
J-li
lOOSgSale
100
114
1-,
97
122
113
92
K9"
lO/'J*
93
Dec '05
106 34
06
M Wet Al
Klor A shot
McSl
1--.
LOSS
105
io7 58
io75„
92
93
99
A Cm
98
1
:
H,
Wj
ik-c'Oj
Nov'Oo
Oct '05
Nov'04
1.2 L4
101
Hi
V
t
-is.
.J
N
Juno R gu
V
cV;
I'liea
,.-
1
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New York New Hav Hart—
Housatonic R con g 5s.. 1937
137 137
N H & Derby con cy 58.1918
108 34 1 1 °t X V A; North See N Y C
H
12014 122
X Y O & \V ret 1st g 4s. .7] 992
113 '4 113 4
Regis S5.000 onlji/1992
11334 11734 N Y & Put See N Y c & H
95
9Sv X Y' & R B ,SVe Long Island
96
98 4 N Y S
W See Krie
X Y Tex & M See So Pac Co
99 102=4 Xor & Smith 1st g 5s
1941
......
...
Xorl & West gen g 6s
1931
Improvem't & ext g 6s.. 934
100 IO4I4
ltiver
New
1st g 6s
1932
&
coll
''.'•
!
5s
st s
& Clear C A
2d gold 5s
Jetl
Kan A H C A
Ser B.1934
gu os g.1952
l'U
I
i
1st
1st s
1
gos.1926
1920
g5s.l95
Pleas Val Coal Istgsf5s.l928
gen 5s
1951
mi 1'iv 1st g 6s
01917
Div 1st consol 6s. .191',
L Co 1
g 6S.1922
6S.1910
1
V
Lro
,.1949
,
.)
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A-O
A-O
:i2
1194
115%
116
..
.
.
1
13
'.I
Mad
5
Dec'":"
Jan '02
..
104*8
101 105
i.i)Ti i-"i,'o.".
104
103
—
105
41U5 4
llS
116
I1H4
119%
10741074
104
103
17
Oct
'()."
M-N
123
13134 Apr'03
M-S
M-S
1024
103
103 4
105=8 Oct '05
103
WW
104' 2 10834
1
7
92
95
96^4
93*4
03
'4
95^100^1
l'-534
130
122
126
99
'Jii^
4
11334 11534
92 14
i'b
1997
a2047
a2047
1996
1996
C B & Q coll tr 4s ,STe Gt Xor
StP& N P gen g6s 1923
Registered certinc's.,1923
St Paul & Dul 1st 5s
1931
1104
2 107
1*
Registered
General lien gold 3s
Registered
St Paul-Dul Div g 4s
Registered
102 4 107
I2II2I25A3
105 4 1103^
C,)-J
O-F
O-F
J-D
J-D
F-A
O-F
K-A
1917 A-O
2d 5s
J-D
Wash Cent
1948
1st g-ls
(,)-M
103
1244
107
98
g
5s. 1936
Ore & Cal -See So Pac Co
Ore RR & Xav ,See Un Pac
Ore Short Line See Un Pac
J-D
A-O
Oswego <fc Rome See 5! YC
.see C A X W
Oz'rk A Cher C 1st gu 5s g.1913 A-O
OOF & St P
L
4
'4
103
911s
112
111
1st
125 Oct '05
132 J'ly '99
114 Dec'05
109 J'neo:
100 4Xov'0.
94 Dee '05
116
115 4
<_>lno River
RR
Sale
100
117
1
'4 Nov'05
76 J4
77 4
76
J'ly '05
774
101 100 4 Dec'05
104
77
Xor Pac Ter Co st g 6s. .1933 J-J
Nor Hy Cal See So Pac
Xor Wis ,S'ee- C St P M & O
Xor & Mont .See X Y Cent
.See (J C C & St L
/ \ Did & W
10 120
3 114
119
123
117
1'24
lis Nov'05
112 14 Dec '05
117
99
117 k U7I4
105 % 105 is
79 34 85 >2
Series
Series
•
3 4s
D 3>gs
Eriect Pitts gugS^s
1950 F-A
B.1940 J-J
Series C
1940 J-J
N A iidge gen gu g 4 "as 1 i J-J
1asA...i:iiii
i'CC A StLgu4
A-O
Series B guar
1942 A-O
Series C guar
1042 M-N
Series D 4s guar
1945 M-N
Series E 3 4 guar g
1949 F-A
series F 4s guar
1953 J-D
Pitts VI \V tb C 1st 7s. ..1912 J-J
1912 J-J
2d is
3d 7s
/11912 A-O
Penn RR 1st real est g 4s. 1923 Vl-N
Consol gold .">s
1919 M-S
.
'.Vl-N
Convert hie. g 3 '-2S
1015
Convertible g o'gs
1912
AUeg Vai gen gu g4s...l'J42
Cl<te Mar 1st gu 2 4 4s.. 1935
D li R RA Buclst gu4fl g.'36
Or K A I ex 1st gu g44sl9-li
1
107 ^ 105
Nov'05
Oct '02
Sep '05
i02 l4
101
105
104
94
105
106
....
105
105
107
103
4
104
104
90
102
85
J'ly'O."
'04
J'ly 'ul
774
794
77
78 4 625
07
105 4
90
4 Oct
1024
1
78 s Sale
78 'i Sale
103 4
101
A-O
194S M-N
C
107%Dec'04
99
471
79 4
68
664 784
let '03
L054 Oct
100 4 Sale
..
no
..
112
'05
105
Oct '00
l"o
100'.
II.04 Dec'05
112
Di
L02
C
104
4 107
L043*Dec.'05
102
Apr'OL
109^4 Dec'05
107'J4 Dec 06
:;\ Nov'05
93' 4
ii;; ,
102
L094H3
HO 112%
.
103 4 ib V
91 4
ice Friday; latest bid antlasked. a
•
:
oct
'05
1
Hatiufacturing
105
to
Am
Cot "il ext
A L
J-D
M-N
M-S
A.to
i.in
92
914
914
86
4S
Due Jan 6 Due" F6b eOiis.iar A Dae' Apr
1st s
I
r
iy
11441164
...
1134
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I'll
115
13 99
10 112
101
1
%
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!1024105i4
—
....
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1114
106
106
3
93;%
93-4 04
99 4
97
11". 34 120
!
20
,
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II334
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Ll"4
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....
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i'lF'4
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111
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2
111^112 4
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1
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117
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lu7
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1
,
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93
964
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....
,
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103
e'O
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94 Dec'05
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0S3|
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109
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9,
4
l''" 38
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1044 1044
104 4 Oct '05
110 ./an '05
110
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lit>%i-Ti%
no
'•>
93% Dec '05
J-J
97
O..J
109%
;-.\
Yvi'-l
M-N
104 4
98%
96 4 98
Dec'05
J.09
iV!-N
93 4
oct '05
1094JMay'0o
96
1054 J
104 4
J-J
105
Sale
J-J
1915 Q-F
e
6s. J 91!
'.:
1951
Due J
....
105
103
Nov'05
97
4 Dec'05
105
L07%
1104
J'ly '04
& Industrial
44s
1
A.
4
F-A
1
Am
114
L14
1"7 J4 109
il9'8 101
9J 1-. 94
....
974 Dec ''•'
119 Dec'05
98
126%
125
;
923.4
M- S
M-S
Irr Secur deb g6s.. 1925 A-O
s:
,s._ L915 M-S
Spirits M f?
Thread Lsi col tf4's... 1919 J-J
Tobacco
c
6s .... 1 944 A-O
Hide
93 4
97
119
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1
H3S.
.
754 74^ 76 34
994102
aae
Teieprapfi and Telephone
Am Telep A Tel coll tr 4s 1929
Coram Cable Co 1st g 4s. .2397
M6T r & T 1st s t g5s
1918
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934
i
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87
loo Dec '05
94
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9 >s
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109 4 Feb '05
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2 111
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106 110
Ohio
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gold
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4s
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see
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Due Aug
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1st codsoI gold 6s
1933
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1933
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1910
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1937
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1937
div
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1st g 5s. .190b
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1937
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I
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1952
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Bond Record— Conduced— Page 4
i!>05
KXCllANol.
V (STOCK
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1
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1.1.1.
INICIM
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.
CHICAGO STOCK EXCHANGE— Stock
Record-Daily, Weekly and Yearly
STOCKS— DKJHLST AND LOWBUT SALS PB.IOEB
Monday
Saturday
Deo S3
Dec US
'Ivesday
Dec
ltd
Wednesday
Dec *7
Thursday
19734 203
Last Sale !O0
Friday
Dec *SV
Dec HO
S'mCKM
Sales
CHICAGO STOCK
01 the
•19734
20234
202
ii If.
64
4
*[r<4
28
m
•12
•40
*12 a4
•41
65
"88
40
54
f!4»4
:i
89
*27
89
28
-684 70
•HO
85
2 7 34
254 284
•08
•95
•as
•97
•63
os
97
29
99
66
7H
274
7
7-4
25
24 4 25
24
7
7
4S
13
•124 13
42
*40
9i>
2734
•684 7o
68
•80
25*8
•63
•95
•28
•97
•53
*80
85
67
•954 96
JhlC
100
i.tc
& Oak
i'jrk
prel
Do
Hiicaeo
o.-»4
•28 4 29
-97 4 99
•62
664
/or lie- ious
Year (1 904)
Highest
iMWest
Highest
Jan
180
205
Oct 25 155
Mai 190
Aug
Sep
Sep
Nov
Nov
io'.'
M2'
lihi
jod
100
100
100
Subway
7 >4 Jan
27 4 Dec 27
87 34 Aug 1
J'ly
J'ly
610
Ocl 18
4J'ne28
13*8 Feb
W
20'
4. 'an
320
310
Jan 18
4 Jan 10
4
99
Fell
2
May 23 20
Mar27 68
Dec
2ci
"20
4
Oct 10
.May 17 100
55
30
Aug3]
8
27
Nov
Nov
"i" Feb J 5
27 4 May 4 5
31
28 4 "•'
',
51
60
J'ly 14
545
6
23
Feb 2
Sep 6
934 Sep 6
2S 4 Oct 2 1
73 4 Sep .'-
J'ly 13
.Tan 9
..100
Do prel
100
28 4 Metropoi
8 Elev. .100
68
6934
70 4
I)o
prel
100
Last Sale SI
Dec '05 North Chic street
100
253
25 4 26
26
SD»4
Xorthwestern Elev..]ou
Last Sale ',:<
Dec '05
Do prel
100
95
97
95
96 4
South Side Elev
100
28
29
28
29
Streets WStable C L 100
a
98 <
984 984 9834
Do lire!
100
Last Sale 54
Dec '05 West Chic -Street
100
85
96
29
99
5b
1
Consol 'i
Pass iiv
90
•88
•27
90
28
09
274
2 r.*b
•33
49««
'2*8
*•
•88
71
2 5 34
7
26
50
Range
ai Iron tin
Last Sal
Dec '05 clue Union Tract
Last S ale 40
Dec'05
Do prel
-644 65
54 34 Kans City By A; Li
5i\
42
* 54 4
55
•88 4 90
28
28
55
7
26
'4
26 4
49
264;
lowest
sluires
Dec '05 Chic City Ry
:bic
Year
lor
1905
Week
EXCHANGE
It
•197
Range
Dec
1
SO
Xov
'4
\r
.S-.
Mar 26
V
41
Ma
08
D5
15
.Mai
88
Sep
Oct
Sep
Jan
20'.,
Nov
15:
44 Apr 67 4 Nov
90 Mai 984 Nor
Jet
28 Jau 34
82 4 Apr 103 J'ne
38 Api 50 4 Sep
Aug28 30 Sep Is
Feb 3 103 4 Mar21
J'nel2 72 Feb 3
1
Miscellaneous
94
68 4
9
9%
4
68
68 4
•106
•133
57
110
135
6734
-35
•106
•63
40
108
66
'4
106
134
O
w
94
69*8
t"*
69 4
110
106
134
135
10*8
-*e
*6'6
•160
68
•136
3
...
1",
74
m
102
58
138
1124113
1434
•634 64 >a
135
•35
106
•60
40
108
35
*105
60
66
6934
70 4
57 4
57
*4
•6^
38
106
66
102
57 4-
I^ast Sale 10
14 Last Sale
-7
7
74
•1
7
14
74
162
138
116
132 135
114 114
143 34 14334
64
64 "i
160
55
133
162
162
•7
74
Last Sale 31 4
Sale 75
Last Sale 17
Last Sale 9
J'ne'04
Dec '04
•47
50
1144
80
117
80
117
62
64
65
113*8 113*8 *114
*79
•79
80S,
•1154118 •116
04 4
114 4
80
120
644
Nov'05
Oct '05
I,ast
80
474
11378
160
57 4
132 4
115
144
162
65
135
50
Oct '05
Oct '05
Last Sale ^4
Last Sale {'4 4
63 a4
Do
pre!
Amer Radiator
Do pref
Amer Shipbld;.'
Do prel...
AmerT<fc S Bank
Do pref
Ohic Edison
100
t
Do
114*4
114 a4
Do pref
79
National Carbon
120
Do pref
79
*116
5*4
Hay '05 Page Woven Wire Fence
hast Sate
W1H
J'ne'05 People's
Do
10441044
102
150
101*8 102
101*8 102
145 145
U45
150
•1034104 4 '104
102
150
150
155
The Quaker Oats Co. 100
21*
14
•37^
14
38
2
1334
2
2
13*8
134
38
38
'37
2
13'p
1*6
2
145a
4
•374 384
13
38
24
Unit'd
Do
2
144
15 4
3734
38
Do
Chicago Bond Eecord
BONDS
Astc
Bid,
Amer Biscuit 6s
1910 F-A
Amer Strawuoard 1st 6s. .1911 J-J
Cass Ave & F G (St L) 5s. 1912
Chic
Chic
Chic
Chic
Board
of
100
102 4
Trade 4s ...1927
Consol Br & Mlt6s
Consol Trac 4 4s
Edison debent Os
1939
1913
1st gold 5s
?il920
Chic Auditorium 1st 5s. ..1929
Cliic Dock Co lst4S
1929
Chic Equit Gas 0s
1905
Chic <fc Mil Elec Ry 5s
1919
ChicPiieuni Tool 1st 5s .al921
Chic Rock I 6c -Pac RK 4s. 2002
Coilat Trust g 5s
1913
Commonwealth Elect 5s.M943
Range
A-0
F-A
A-0
....
Last
1004J'ly'O5
02 % Dec '05
102
1004
4 102 4
103 Apr '04
59 Dec '05
104 4 J'ne'05
1044 103 58Dec'05
100 Oct '0"
1
1004
"so" "Si"
M-N
.M-S
Dec '05
80
79
80
5s
Pearsons-Tart 5s
4-40S B B B
4 40s Series
4-60s Series
4-SOs Series
People's Gas
-
C
E
F
L&C
1945 M-N
1916 J-D
1920 M-8
West Chic
90
Sale
1004.
--.
99 4
F-A 994
M-N *U9*8
M-N 100
1st 6s. 1943 A-O
1947 M-S U054
Refunding g 5s
Chic Gas Lt<fe C 1st 5s.. 1937
Consumers' Gas 1st 5s.. 1936
South Side Elev 4 4s
1924
Swift & Oo 1st g 5s
1914
Union El (Loop) 6s
1946
Union Pacilic conv 4s
1911
U S Brewing 5s
1910
V S Steel Corp 2d 5s
cl963
J-J
107^4 Sale
90
1004 Sep '05
90
9J 3
4
Dec '05
99 4 Nov'05
100 Sep '05
100 Aug'05
1234 J'uc'05
106 4 Oct '05
107 4 I0734
1004 1004Nov'05
J-J 103 4 Sale 103 4 103 4
1024
J-J
103 4 Dec '05
A-O 10441054 105 Dec '05
M-N
114 Nov'04
J-D
M-S
M-N
Loio
Jligh
99 41014
102»e 1034
102 4104
50
103
06 4
4104 4
103=8 10434
99 4 100
$
81
88
68
81
Nov'04
Apr'04
W
J'ly '04
Nov'04
J?
99=8
118 101
103 46
Nov 10
Feb
Feb 15
42
75
Nov20
10 4 Dec
50 Jac
17 J'ne
Oct 18
12
Oct
20
Feb
Jan
9
Dec
74 Nov
484 Augl4
May li U034 Apr
Dec 15 114
Jan 25 105
864Jan
Aug
42
1
Jan
24 Jan
51
Apr
;
4
Xov 25 Sep
Jan 58 4 Dec
99 4 Jan 1 104 Nov
254 Mai 40 41>t-c
95 Jan 120 Sep
20
36
4 109
This
is
new
.1
1% J'ly 25
9,030
85
8
23
2
Feb 110 4 Xov
8
98<fc
b
99*6 Apr
35 "4 I'll?
75 J ne
an
Dec
4 Nov
4
4 Apr
3
5
1164 Nov
47 4 nn
f
-
10
4 Oct
Wiy
AuglO 15 34 Oct 2
Feb 15 41 Aug21
Nov
87
:
7
100
100
pref
-"'s
3 38
Dec
Nov
7
J'ly
20 J4 Jan
14
Sep
25*aDec
stock.
105 41084
91
984
99 4 100 4
98
97
97 4 lUd
16
16
..,
94
80
90
88
96 4
904
loo -4
99 4
Bankers National
2,000,000
'Jalumet National
Chicago City
100,000
200,000
1,000,000
k 500,000
2,000,000
3,000,000
50,000
3,000,000
200,000
600,000
8,000,000
100,000
500.000
.,
Chicago National
Chicago Savings
"ommercial National..
Continental National..
Jook Co State Savings
Corn Exchange Nat...
Drexel Siate
Drovers Dep National
First National
First Xat Englewood..
Foreman Bros B'k'g Co
Fort Dearborn Nat
Hamilton National
Hibernian B'k'g Ass'n
1,*
Home Savings
Manufacturers Bank..
Milwaukee Ave State.
Nat Bank of Republic.
National Live Stoek...
North Side State Sav..
Oakland National
Peoples Trust «Si Sav ..
Prairie National
2,000,00(1
1,000,000
50,000
50,000
200,000
250,000
250,000
300.000
200,000
Prairie State
89
93 4
88
100 4
99
99 4
99 4
100
95
953.,
90 -.
100 4
99* 8
1
99
'4
100
10034
Pullman Loan& Sav..
South Cnicago savings
State Bank of Chicago.
lock Yards Savings..
Union Bank
Union stock Yds State
Amer Trust &
Savgs..
'00,000
500,000
1,000,000
100,000
200,000
250,000
•
1,000,000
250,000
200,000
200,000
3,000,000
123 4 12334
entral Trust Co of III 2,000,000
200,000
1054 107=8 Citizens' Tr & Sav Bk.
600,000
107 4 108=8 Colonial Trust <fe Sav..
200,000
1064 1074 Drovers Trust <fe Sav..
15 10234 104* 6
1024 103=8
105
.107
Equitable Trust Co
Federal Trust & Sav..
F11 st Trust & Savings
Illinois Trust <fe Sav..
1 ackson Trust & Sav.
Kenwood Tr & Savings
Merchants' L'n&TrCo
rl, 005, 408
;i,:r. „
183,110
1,419,0-1
fc 69,807
1.745,086
1.101,403
3,425
3,620,025
10,409
289,874
60)36,230
121,44'J
624, U15
Jn Her
1904 tod
8
6
1*3"
8+5
12
8
6
8
Q-J Oct
y-J Oct
Q-J let
12
Q-J Jan
Q-J Jan
6
8
12
8
10
Pnv
Q-.T
6
"8
187,913
13,251
274,993
998,598
1,320,920
10
10
527,434
51,465
527,087
30% declared Aug.
'05, 2
'05,
'Uo, 3
'00,
'05. 2
'05. 3
14
14
'06.
14
J-J
J
4
J'ly
'05,
'05,
'05,
'05,
Q-J oct
'05,
14
Q-J Jan
Oct
•06,
'05,
'05,
6
J'ly
Oct
Oct
Oct
Oct
'05, •>
•05, 2
'05, 1
'05, 2
Jan
'06,
Dec
05, 2
'06, 1 34
J'lv
J'ly
Q-F Nov
J-J
6
12+3
....
6
6
New Bank
£j
7
4
6
1
New
'05. "3""
Q-J Jan
61,185 ""&"
•^-J
88,078
1J3S
Q-J
171,135
8
8
37,066
5
V-J
Q-J
005,400
6
6
111.882
23,651 Began Mayl. 191'
Q-J
20,592
2.0S4.288
93 7, 2 9 ^
96, 2
'05, 8
'00, 6
'05, 3
;
ate
'"s"
6
15
Da id
Q-J Dec
0+4 Q-J Jau •06.124
Ba alt
1112
b ank.
6
Jan
10, 1904,
5
1
3
14
3
14
:
..
5
,'1
Jan
6
h&
Oct
Sep
8
500,000
8
2,000,000 Merged wi thAm. Trust
1,000,000
918,813
4,000,000 6,498,233 16
12+4
250,000
82,978
200,000
18,224 Began Jan 3,
12
12
3,000,000 3,667,171
750,000
255,296
6
6
8
8
1,715.182
1 ,500,000
6
6
500,000
402,011
1,000,000
635,880
6
206,706
1,000,000
"e"
20,016 Began Mayl,
200,000
of
M-J Jau
Jan Ian
J-J jau
Q-J Jet
12
12
d
Last
12+3
230,525
154,282
1
fiecoi
15
1,078,348
5.725
50,4 1
24,4 71
lend
/><«!
Outstand- Surplus &
ing
In
Drotlts
Stock
1903
I004 Dec '05
St 1st 6s
1928 M-N 100 101
90 41014
us 4 Sep '05
Tunnel 1st 5s
1909 F-A
BO
68 4 M etropolitan Tr & Sav
80
Debent 6s
90 Feb '05
1914 J-D
90
Northern Trust Co Bk
80
85
Consol g 5s
85 Dec '05
90=8 Royal Trust Co
1936 M-N "83
75
West Div City Ry 44s. .1932 J-J t.
98 4 97 4 Nov'05
98
Union Trust Co
88
West'rn Stone Co 5-20 5s. 1909 A-O
98 uct '05
98
Western Trust & Sav.
98
Note. — Accrued interest mus t be added to all Chicago bo nd price s
Woodlawn Tr&Sav Bk
Also paid 12"h in Dec, 1903, in stock of First Trust & Savings Bank.
11 Includes special dividend
* Bid and asked prices; no sales were made on ttiis day.
t No price Friday; latest price this week.
aDueDec.31. feDueJune. cDue April. ADueJuly. k Capital and surplus to be increased.
||
-i
67
44 4Mar27
2
Jan 30
19 Sep 20
ColOO 1.518
January 1
10034 Nov'04
J-J
J-J
J-J
1
J'ne27
100
pref
Box Bd &
NAJIE
Since
Sale-
M-S 105 a4 Sale 105 a4 IO534
9334 Dec 'o.;
Illinois Tunnel 5s
95
192S J-D t
Kans City Ry & Lt Co 5s. 1913 iVI-N t9941o0
9934 Nov'05
Kmckerb'cker Ice 1st 5s. 1928 A-O
97 4
97 34 Dec '05
Lake Street El 1st 5s
100
99 4 100
192b J-J
Income 5s
1925 Feb
16 May '05
Metr
Side El 1st 4s
94
93 4 94
94
1938 F-A
Extension g 4s
873
88 4 88 Dec '05
1938 J-J
4
North Chic St 1st 5s
99 4 10038 Dec '05
1900 J-J t
1st 5s
1909 J-J
95 Nov'05
Refunding g 4 4s
1931 A-0
Chic
City
No
StRy 448.1927 M-N
89 Aug'05
North West'n El 1st 4s. ..1911 M-S
943;,
94 Sale
94
Ogden Gas
Range
or
High Wo
Low
4 Feb
CMcaffo Banks and Trust Oomuanies
Wee/ds
Drice
Friday
Dec 2ii
4
6
94
100
pref
Western Stone
t
CHICAGO STOCK EXCH'GK
Week Endino Dec 29
Apr
Un Stoek Yds(So Om)100
Dec '04 Union Bau & P Co... 100
Last sate 10%
*2
May
100
St Louis Nat St'k Y/dslOO
Swift <fcc:o
100
Do
Marl 7
2 4 Oct 18
23 Oct
5234 Anglo 0734 Dec29
139 110 34 Augl7 1-J04 Mario
360 41 Jan 25 80 4 Dec J 3
10 110 Jan 5 120 .J'r.ciy
534 May 19
5
Apr2o
8,4
GasL& C'kelOO
102
1044
J'ly 27
>4
pref
101 J4
1044 103*e 1043g 1034
Oct 24
60
loo
loo
100
100
Last Sale
1
aw 25
35
11
63
prel
67»4 National Biscuit
J
20 105
50
3 125
135 95
161 134
250 55
Telephone
04 4
T>ec
148 4 Feb 23
10 Jan 5
=4 J'ne 2
6 J'ne'-'S
98 153 Jan 25
476 32 Jan 7
100
Chic Title & Trust... 100
Diamond Matcn
100
Illinois Brick
loo
Kans City stock Yds. loo
Knickerbocker Ice. ..100
Do prel
100
London & Chic Contr
Manufacturers' Fuel
Masonic Temple
Milcfc Chic Brew'g
Jhio
Apr 25
34 Jan 12 »2 DCC
Apr 25 31 4 Jan 04 Dec
Deo 21 40 Mai 79 4Uec
Dec 15 115 4 -'an 123 4 Sep
Sep 18 19 J'i;<- 40 4 Lee
Mai 27 82 Ang 944 Oct
Mai ]9S .May
183
40 Jan 4 33 Nov 40 Nov
112 AuglO IOO34 Mai 110 Feb
70 Oct 20 52 Feb 62 Aug
150 Maris 120 J'ly I2334 Jan
10 Jan 5 10 Oct 104 Nov
1 Jrnl8
Jan
1
1 4 Nov
7
Jan 20
Feb
Feb
7
8
172 Feb 20 140 May 1734 Nor
584 DecF; 18 J'ly 36 Nov
143 4 Feb 17 115 Mar 147 4 Not
118 Dec 5 86 Ke!> 10
Oct
145 Ang28 1264 Feii' 142 4 Nov
14 4
73 4
Jan 24 110
Feb21 134
Jan 19 5934
984Janl7 105 4
8=>4
60
76
125
625 38
Jhic PneumaticTeol.100
Pullman Co
•101 4 102
145 145
2,130
1.828
Feb'05 Chicago Auditorium...
Nov'05 Ohic Brew'g<fc Malt'g..
I
160
56
132 4
113 1144 '113
143 4 144
143 4
-044 64 34
64 4
48
63
Dec '05
Dec '05
American Can
Last Sale '054 Dec '05
Labi Sale 19b
May '04
Last Sale 40
Nov'05 Booth (A) & Co
106 107 •105
103
Do pref
Last Sale H4
Dec '05 Hal & Cine Canal & DlOo
Last Sale 158
Mar'05 :entral Trust Bank. .100
•10
-10
48
*1154119
69 4
La Sal 111)
Last Sale 134
1 1
•75
62»8 03
114 114
78 7e 8OI4
103,.
-57
113
143 34 14« 78
64 4 64 '4
•143
104
si
CD
*1«
94 104
69 4
70*4
100
loo
100
ion
loo
100
100
lOu
100
100
100
Allis-Chalmers
Do pref
Sav.
Q-J Jan
190 o
Q-J Jan
Q-J Deo
CJ-J Oct
F-A Aug
Q-J Oct
190
"•06," "2
4
14
5
Bank
'05,
'05,
'06,
3
•06,
'05,
•05,
'05,
3
3
2
3
'05,
14-
——
.
Dec. 30
Volume
>
TBANSACTIONS AT
T11K
Week mdinj
NEW YOuK
WKKKLV AND
DAILY.
i
Dulanapolu
lofcaon
Stocks
1V05
Preferred
Uitar'eGas] -.i
M.ulis.
6
Bonds
Honds
Bond*
•500,866
...
Wedi.
iVeoo.iYa
1.201.001
Thursilay...
1,51
.'.hi
o
2.059
a,
15,058,200
i
.
-2.0117,
175,095.200
910,000
1,043.500
42
733,600
>0U
10,006
H
Sales at
Stock
Mv
ending Dee
1*19,088,600 $9,760,500
January
Vtf
8tocka
— N<v shares
Par vaiue
Bank
1904
1905
1905
$000
$17,700
i
i!
91
111
'
$858,300
l.D
JosephGas5sl937.J-J
9,760,500
State bonds
BB. and nils, bonds
Total bonds....
us.ooo
180
•23.000.500
12,0
$14,884,000
•1,189,190
206.766,960
814,479,200
$07
{
SO
24,390,675
1,011,799,200
I
Cnlisted
shares
Tuesday
Wednesday .
Thursday
Philadelphia
Bond
Unlisted
shares
Listed
shares
sales
41,371
10,734
$1,000
13,142
79,171
79.014
01,500
111,950
36,800
34,972
59,745
52,310
8,000
24,000
33.054
19,509
15,123
72,751
373,078
Total
194,505
llNorthwi-stirn roleg.
Paoltlc
HOLI DAY
48,000
23,000
$104,000
&
At la n
VSouthcrn
cfc
Bond
tales
10
90
Atlantic 96
1
of Outside
i
.
13,175
$02,000
30,507
18,020
42,000
83,500
38,000
51,500
....
2 1,270
40.993
126,571
153,579
$237,000
Market will be found on a preceding page.
80
100
128
B6
101
105
CITY
Ask
Street Kaulways
Bid
Lynn* Bos 1st 5s "24. J-D
New Orl Bys& LightlOO
{109 Hi
39
86
91
i
hlcago
115
69
_
Ask
Chioago Edison Co .see C tiiaego list
ClngaOo BlLcftPOo loo J! 198 201
Narragau (Prov) El Co 50 tail's ioi Hi
r>7
N Y As Q El L A PowColOO 55
80
h3
Preferred
100
25
UuitedEleotrioof N J 100
75 ^
4s 1949
J-D { 75
Brooklyn Ferry BtOOklOO
4
B&NYlstOs 1911.J-J
NYiKK
Perry stk. 100
6
Si
102
70
90
1st 5s 1922
M-N
N Y& Hob con 5s'40.J-D {108
Hob Fy 1st 5s 1946 M-N {109
N
1st 5s 1940. J J {104
NY ib So Blykn Ferry <&St
106
72
92
110
Transt) 1st 5s 1900M-N
«fc 23d Sts Ferry 100
1st mort 5s 1919. ..J-D
U Union Ferry stock .100
101
60
95
89
111
108
Y&NJ
M-N
Ulst5sl920
98
40
{
92
28
95
9
Alb
M
,
i
ll
Am
Am
M
W
SYi
•
Am
I
M
i
194
100
Havana Commercial, loo
loo
Preferred
Havana Tobacco Co.. 100
Prcferrcil
loo
1st g 5s J lino 1 '23. J-D
91
kj
idoM
e
i
I
Hecker-Jonea-Jew'l .Mill
1st Os 1922
S4-S
Her' g- Hal! Mar, uc w. loo
Hubukt-n Land<a lmpioo
.M-.N
V6l 1910
Housttm Oil
100
Preferred
100
Hudson Beaity
I
i
I
"is
80
3's
OHi
296
30
WaUrCo —
96
95
98
38
78
32
41
80
108
110
30
200
j
102
7
'4
37
110
90
39
13
Mine Securities
5
Mitchell Mining
10
Monongahela B Coal. .50
104
74)
106
160
:ii'-i
Preferred
loo
79
Col tr deb 4 H)1922op'07
88 "j
International Sail
1 00
09
1st g 6s 1961
6
International Silver. 100
50
Preferred
loo
1st Os 1948
J-D {107
77
Lackawanna Steel... 101
Lanstou Monotype20 f 14
Lawyers Mort lusur.loo 180
46
1jLeh<fc Wilkesb Coal. 50
Lord & Taylor
100 112
Preferred
100 102
ULoriilord (P)pref ...100 130
Mack ly Companies ..100 59
73
Preferred
100
10
Madison Sn Garden. .100
75
2d Os 1919
M-N
12
UManhatt Beach Co. 100
3'4
Manhattan Transit
90 t
MexNal Construe pflOO 13
13 '4
3141
b'2
40
71
9
J2
110
52
14'i
190
i'20"*
100
155
59 1*
73 Hi
14
3H>
17
3
18
94j
9 Hi
9*j
28
Preferred
50
Jfc Boston Consol
Moat
Hi
Mortgage Bond Co... loo
Mosler Safe Co
100
Nat Bank of Cuba
loo
100
National Surety
132
tlNew Central Coal
loo
20
'iJNew York Dock
l Preferred
100
100
100
1
N Y Transportation.. ..o
105
106
1S7
32
46
102 Hi
206*"
195
31
34
77
80
N Y Biacuit 6s 1911. Ms
N Y Mtge<fc Security, loo
I
7 a«
7
110
Niles-Beui't-Pond pf.100
Nor
Lum'r da Pulp loo
1;Ontario Sliver
loo
Otis Elevator com
loo
Preferred
luo
Am
120
l 1
2 a4
57
107
Phoenix Securities
*
3Hi
60
110
2 Hi
U
3
Pittsburg Brewing
60 1 26 Hi 26»4
Preferred
60 f 47 '4 47 \
Pittsburg Coal See Stock Exch list
6
Pope Manufacturing. 100
6
72
1st preferred
loo
17
2d preferred
14
100
105
Pratt A: VVhitn prof.. 100 100
Beaity Assoc (Bklyn)lOO 165
170
113
Boyal BakPowd pref. 100 111
63
Bussell & Erwin
26 r oi
290
310
Safety Car Heat<& Lt 100
47
Seneca Mining
43
620
Singer Mtg Co
100
45
Standard Coupler com 100
38
130
120
Preferred
100
14
Standard Milling Co. 100
13
40
42
Preferred
100
II
80 Ht
58
81
Hi
SUndard Oil "of N J* i.'ioo 698 700
*
Storage Power
Hi
50 t
Swift <fc Co See Boston St k Exc h'ge
1st 5s 1910-1914. ...J J {102
Tennessee Copper
25
t
105
49
49H>
80
70
IjTexoHAi PacilloCoal 100
1st Os 1908
A-O {105
ImtCoof N Y..100
Tonupah Mm ( Nevada). 1
Tren Ion Potteries coin 1 00
f
15
Preferred new
100
Directory new., loo
100
1
21
103
'
65
45
I
i
Hi
19 H
Trow
Union Copper
10
Union Tfpewr com. .100
110
195
190
Title
J
4
93
90
120
1st prererrtxl
100 115
117
2d preferred
100 no
oo h 66 34
loo
United Copper
88 Hi
loo
Preferred
loo 200
U. S. Casualty
26
JO~
U 8 Envelope com... loo
90
loo
fl Preferred
US Hub 2d \>t .see Stock Exch list
oration—
opt '11
I
(
nl
I
r 1
I
.s
not Opt
'.'.l
..
.
[ndem.100
.
I'.l.
I.
.i
loo
CO... loo
vl'l.
51124 114
•
114
126
7
175
180
{113
123
loo
I
Bronx
1
...
aj
Mori
Hrako..60 1150
I
I
e
-i
i-.\|i...'n.
J
••j
J\
286
i
.
"s
I
lold silver.. ..10
ahelm
I
LOO
<•
I
loo
loo
«
•
39
77
lu;.
.
,
W
'»
8
I
I
17
i
[ngersolUBana prt-f. im
Internat'lBankingColuo
Int'n'l .Merc .Marine loo
112
41
H
<
l
foppei
Bel g is 69 op 19
Hall Signal Co
Electric Coiupuiiies
15
20
lulll... 10
llackiif..!,,,
& Susq 40yr 3>a3 cts {117 119
Colo Peo A St L pref.loo
Deposited stook......
4
6
34
Preferred..
88
BleeckSt&FulFstklOO 33
100
TJndeposited stock
3
4
..J-J
94
Nerw
92
1950
97
lien
'gs'SOMcfcs
109
Prior
106
4>a8
Hist mort 4s
g4
list
North
Chio
Avestk..lOO
238
244
Street
See
C
mtg
7th
Con
5s
1930.
J<kJ
90
92
<fc
g
Hi
HB'y
118
Pub Serv Corp of N J 100
Income 6s 1930
tZdmort 5s 1914 ...J-J 104 107
15
Tr ctfs 2«o to 69b perpet
70
Worth <fc Denver
Con 5s 1943 See Stock Exch list
11 Fort
CoU trust 5s gold notes
73*2 76
City stamped
100
B'waySurf Ist5sgul924 {108 110
1909 optional.... M-N }96
97
Northern Securities.. 100
1iCent'lCrosst nstk..l00 340 360
27
North J ersey St By loo
120
Stubs
276 325
OS 1922 ...M-N {116
Hist
1st 4s 1948
M-N «77
77 "a Pitts Bess <& L E
37
fiCenPkN&EBstk.lOO 205 209
60 t 34
82
Cons Trao of N J. ..100
83
180
Preferred
tiChr't'r.fclOtliStstk 100 170
50 t 74
77
J-D U08 109
1st 5s 1933
Seaboard Air Line—
ColA 9th Are 5s See Stock Exch list
New'k Pas By 5s '30J-J U13HJ 114'i
CoUtx 5sl907 op. ..M-S 100 101
Dry D E B & B—
113
Bapid Tran St By. .100 240 250
SeaboardCo
list
wee Bait Ft
iflst gold 5s 1932.. .J-D 108
1st
}108
1914....F-A
101
102
5s
1921
A-O
Vu
<& Southwestern. .loo
90
5s
60
JScrip
Hob&
26
3&7
400
J
C
PatersonlOO
stk.101
Eighth
Avenue
H
M-N } 75>« 76
4a g 1949
Industrial and iUiscel
IScrlp 6s 1914 ....F-A 105
So J Gas El & Trao 100 122 125
U42d<fcGrStF'y stk..l0U 390 105
85
Gug5s 1953
M-S UOO 102
42dStM & StNAv.,100 65
Ahmeek Mining
26 1175-50 7650
105
108
No Hud Co By 6s'14J-J {112 113
Alliance Beaity
100 118 122
Ijlst mort 6s 1910 .Mb
112
65
85
5s 1928
J-J Jill
1]Ainer Bank Note Co. 50 1 88
92
i.2d income 6s 1915 J-J
Ext 5s 1924
M-N {103 105
American Can com. ..100
InterboroughRapTr.loo 233 H, 235
10
lOHi
Pat City con 6s '31. J-D {122
Preferred
Lex at & Pav F 5s See St k Exc list
100
69 Hi 70
2d 6s. ...1914 opt A-O {100
American Chicle Co.. 100 165 170
Metropol Securities .See Stk E x list
See C liicago list
Preferred
105
Metropol Street By See Stk K x list So Side El (Chic)
100 104
Syracuse Bap Tr 5s 1940 {108 109
Am Graphophone com. lu 1 4»8 5
Ninth Avenue stock. 100 185 195
105
Trent P &
5s 1943J-D {103
9>4
Preferred
Second Avenue stocklOO 205 210
10 t
8%
United Bys of St L
103
Ice Securities
6'ee Stk E x list
% Ut mort 6s 1909 M-N U01
37
38
Com vol tr ctfa
100
Malting 6s 1914. J-D 103 Hi 105
Consol 5s 1948.... F-A {113 1141s
85-»4
84
^Preferred
100
tliOHl
Amer Press Assoc' n. 100 100 105
II Sixth Avenue stock 100
Gen 4s 1934.... See Stk Exch list
Am Soda Foun com. .100
4
Sou Boulev 5s 1945. .J-J 5102 106
1
UnitBysSanFran SeeStk Exch list
1st preferred
Bo Fer 1st 5s 1919. ..A-O 4108 109
50
60
100
1
42
42
Wash By <fc El Co.. ..100
<
2d preferred
10
Third Avenue See Stock Exch liat
100
6
100
89>« 89 h American Surety
Preferred
Tarry
P <fc os 1928 { 105 107
50 190
88 >» H8\ American Thread pref.. r
J-D
4s 1951
YkersStBB5sl946A-0 }105 107
4
65
57
113
Am Tobacco (new) com 466 470
28th <fc 29th Sts 1st 5s '96 {111
ll West Chi cagoSt.... 100
87
M-N 84
liCong 5s 1936
Prefd
flTwenty-Th'd St stk 100 395 410
See Stock Kxch list
J-J
100 101
4s and Us
Deb 5s 1906
See stk Exch list
Am Typefo'rs com. ..100 35 40
Union By IstSs 1942 F-A }llo 112
Gas Securities
Preferred
WeatCheatlst5s*43J-J {105 Hi 109
loo
98 101
NSW IOHK
Amer Writing Paper. 100
6
4H»
Cent Union Gas 1st 6s... {107 109
Preferred
32
31
100
Con Gas (N Y) stk. See St k Exc h list
6s 1919
BBOOKX.TS
90 Hi
JJ 90
Conv dab 6s ctfs SeeStk Exch list
Baldomero Mining
2
5 r
1
100 255 270
«j Barney <fc Sm Car ...100
20
Atlan Ave 5s 1909. .A-O {101 103 Hv ^Mutual Gas
A-O 111H 113Hi New Amsterdam Gas—
Con5sgl931
100 126 130
H Pref erred
Bethl'm Steel Corp... 100
E 6s 1933. .A-O 100 102
1st consol 6s 1948. .J-J {108
33
32
BB&
Preferred
N Y <fc East Biver Gas—
89
90
Brooklyn City stock... 10 237 211
100
115
{112
1st
5s
1944
J-J
Coll.tr.
Stock
Exch
list
103
g.s.L Os 1914.
Con 5s See
111
J-J {108
Consoles 1945
Bliss Company com
BklnCrosatn 5s 190S.J-J 101
50 U3150 100
Bichmond Gaa.100 42
Preferred
140
BknHgtslstSs 1941 A-O 104 108
60 1J0
{104
107
Bond* Mtg Guar.... 100 400 410
Nor Us 1st 5s 1927. M-N
BklnQCods Sub See Stk Exch list
^Standard Gas com ..loo 130 150
Borden's Coud Milk.. 100 176
180
Bkiyn Bap Tran See Stk Exch list
Preferred
100 155 170
Preferred
110
loo 114
HConey la.<fc Bklyn ..loo 2^0 ;0O
M-N 103 111
British Col Copper
100
1st 5s 1930
6 r io
lOHi
1st cons g 4s 1948. .J-J
95
Camden Laud
Brk C <fc N 5s 1939.J-J 111 115
t
he I'm
Casein Co of
com.. 100
GrSt&NewlstSs'OOP-A 99Hi 100
3
6
OTHBU CrTLBS
Preferred
loi
75
a^pt ALorimer St 1st 6s 102
Casualty Co of America.
125
130
Amer Light & Tract, ion 115 120
Kings Co. Elevated—
100 104 \ 105 h Celluloid Co
loo 130
138
Preferred
1st 4s 1949 See Stock Exch list
B
50
Cent
Fireworks
20
Bay .> Late Gas
com.
loo
16
Naaaau Elec prel
100
75
i<H
PreterreiL
loci
72
Bwgliamlon Gas 5s 1988 {98 100
C7
A-O 110 113
6s 1944
Central Foundry
loo
5 Hi
DJt4sl951
See St k Exc ll tut Brooklyn Union Gas deb
'07.
-8
170
..11
180
IT.terrcd
loo
104
oonv
26
N Wb'g&Flatlstex4Sh 101
10
11
Deb 6s L919 op 'OIM-N
81
82
Builaio City Gas stocklOO
Stelnway 1st 6s 1922.J-J 3116 119
Central Leather
.S'ee Stk E XllMt
1st 6s 1947 See Stock Exch list
i,.
i. of N J
Century Bealtv
ConHoi
189 192
OTELEB CITIES
l-o
JJ } 92
90
ijroiiKli Mfg Co loo
lit 6f 1980
city Investing '<>...
Buflalo Street By—
Consumers' L H <fc Pow
lllllllll 11. C.ilil.... loo
J-D {110
109
115
1st consol 5s 1931. .F-A {112
1134
50 HI 'li
?Ut preferred
loo
Detroit City <»a*
90
Deb 6s 1917
A.O }106
2d preferred
98
Chicago City Ky
Elisabeth Oa8 l.t Co
100
See C bieago
130
Hudson ',a* 100
Qduntnel. .v-<
v <&
Columbus (O) St By. .100 100 102
...J-J
Col* Hock oaltfc pi Dm
Prelerreu
11 14 b'orl
100
1st
n
.100
61
Co.
J-J { 7s
Colum By con 58 See Pli ila list
r Co... loi
Compi
'iruii'l Baplda lias
Croesl'wn lstJ8'33.J-D }106
108
..i.i
a Heating loo
W-A |109
6i 1915
104
Grand Bapids By
100
69
Fir-w'ks con.
100 108
Ioj
15
Preferred
100
.1
111
dc
^Preferred
07
G
Lake St (Chic) El See t
M-N
ILoui.-v >! 5i 1980..JAJ|{112
t Buyer pays acst'duiL IPriceperah. taaio iirice. j Dollars per sh. aEx-rlxhls. xEx-Oiv. (Nowstoak. *] Sella uu Sl'k
HKW YORK
£i< i
i
,,HS.ll
llackcnsack
Railroad
Street Uailwnys
raene
.
92"
Ferry Companies
Outside Securities
Weekly BevUw
53
168
196
61
'..n
i
C
lHi
.
100
..100
loo
Gold hoi Copper
,
90
10th
A
Preferred
!l,
I
urn
.Hi im -ral cli.'iiucul
ne
70
U
!'
Preferred
I28"i 137
115
78
47
190
30
76
'JO
o-Pneum'loTranlO
100
Empire Steel
•
Boston
Listed
shares
99
H.
10
Ui'iin.
Preferred
Tel (N \ ).'
limp <fc Bay Suite Tel 100
loo
Franklin
loo
A Slock
imisou BlverTeleph 1 n
\ v A N J Telepn...lO0
*23,904.500 *1.022.435.270 $1,036,790,955
EXCHANGES
Dee aa
iyuo
97
33
Oommer Uu
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
loi
Ulii
Hi
11
6
Vi'lnc.lc
ic.
09
lo.l
IB
loo
Lead
io
70
'
1.1
lopper
Preferred
a BleolOU
limit 6a 1949 ...M >
1jAmerTeleg tt Cable loo
1|Central cfc So Amor. 100
$009,700
i
.1
.
13H>
i
Lull
1
'..iai
•
96,000
loughvi
6
1
BONDS
Government bonds
i
i
1
l
Deo US
1904
on. ill.
|108
1'as ii:i-
.v.-
a
11
a
Match Co. 100
Dominion Copper
Dominion Seourii les. 10U
lii.
'
Ti'lf»t r iV Ti-Ii-i>Iiiiiii1 to
0.997.176
3,539.725
269.007,941
186,818,104
J630.217.6O0 $391,537,860 f2 1,3 11.903.700 $17,340,503 .UJ0
shares, par..
\
89
13
i
110
137
99
112
3
Hi
30
•j.
1
I'ow-
11 .V
1,
is
i
194 i.ijJ
Lis.. 101
s.|i
1948
:>.h
2
1
in
B>
(I
('cms Storage Hal lery 00
Cramps' Slid u itutgioo
loo
1 Crucible Steel
I'lih-i'i en.
(XI
'illiall os oi
...
696
-
Hew York
Exchange
in
SO
J 108
Os 1926
1st
St
6.997.170*030.217.000
Total
g
Debenture
Ask
Hid
Refi L.-.ioi
Consol Rubber Tire.. 100
i
i
<IOA Iudc Nal A in .100
:•
380
a.oa
M N
1938
..-
a.stis.ooo
i.
.
n Gusl
No Hudson
$194
ivv-i
U7.5O4.lO0l
!
Friday
.Hum
noil
....
o
to
Isl
Newark ii.i> 6s
Newark Conaol
•
TuesiLiy
WabV
-'
100
lou
100
MLecel
imin-.li oil anil
103
'
Jtc
75
104
86
.
iV.lllSM^ I'll V li.lM
e4le >..!•<
\K.WILY
Railroad
Far value
Shares
STOCK KXCIUMUK
i
Ask
y.'oi
5U
.A-O
;.i->
I
1st
,
Dec 89
Monday
1839
i-n* Securities
Business at Stock Exchanges
of
.
THE CHRONICLE.
1906.1
i
Sat unlay
o
".
i.
:
hi
Hi
1H,
•i
Pump
pref.100
120
125.
1
ExclfT,
Out not a very
ftotlvo security.
'
BObTON STOCK EXCa^tfGS-Stook
Shore
i'ric.eM
lay
Dec 25
— -Not
Per Centum
26
Wednesday
Dec 27'
7'ec
1'ricen
<TOClv>
hur&uay
Dec 28
'1
Hanqe
lor year
1905
the
01
Week
EXX'liAXGK
V'J
Hamje
Sales
BOSTON STOCK
trieiati
Dec
Weekly and Yearly
Record, Daily,
Shares
H
Lowest
lor Previous
Year (1904)
1
1/
Lowest
Ice at
Hlijhest
Kiiiii ou<l«
89
-
'lc. !>•
lo
1
164 Hill
L5
i
24
241
L?2
»171
i
306
'20 1'<
I
IV 2
86H
10434 105
264 V
105
254
88
88
89»i
l(lf)l <
1^
i'72'
'306
..
l«4
20
166
1
.
155
V 156V
211
171
....
•241
171
171
'2
171
172
88
101
26 1
20 4'..
156
172
Last Sale
Last Jjasi
'306
166
88 AtchT(,;i & Santa F.-10O
100
Do ptel
lO0'„
p.oNton & Albany
10()
254
100
ton Klevatea
i.O'i
S
loi
'a
"•
Koston
Boston
17.-,
Nov'O
:, !
Due 'US
175
126
17;")
124
G
.
142
•91
•93
91'
*93
:
5
;
"V:""
is'
*58
'24
192
ISO
-
•-,
',
5»
6S
*62
•54
•GO
tie 4
99
99
149
149%
*»7>s 98 H
98 *112
59
5
25
191
15
112V 142 h 142 H
:<o
93
24 V
am
•91
"93
95 H
15
59
25 H
192 H: 1933,
15
59
15
60
*25V 20 V
192 H 190
Last Sale
Last Sale
02 H
64
*60
63 H
99
147i4l49
98
09 V
02Hj
ProndeDcelOO
Co
(Jliic.i
,.,
pre!
one »y<£s
\j
B Vloo
14'-
Hi
•91
"SS
16
61
20
196
V
Oi
•05
100
100
100
loo
loo
100
100
- 6 •* Mexican Central
H & Dart....!""
197 N Y
lor
Oct '05 Northern -V 11
&a Ey & Electric
Do pre?
95 V
Dec' 05 Maine Central
17'. Mass Electric Cos
Do pre!
61',
X
Do
prof
loo
100
loo
100
100
100
100
50
"93 H* 983,'
113 113
Dec '00 Rutland prel
Dec '00 Seattle Electric
*9SHi
;>o
71
Do
99
m\
-\larl1
J'Be L'51
15§
Feb 150H Dec
Mai 242
Auj. 170H Dec
290
174 Ocl
30J H
'•.
100
,iau 10
12.<
Nov 14
I
Oiai'.".
April-;
'
Marl"
Peb
umO'2.T'ne 127
i
132
4 18934 .Mar20
Aug)'
Mai
1
10
Aju 16^ V Jan
l.,.i
J'ne 142
•Ian 2:s0
.
XovK; 7:i
Dec 4 170
Apr
1
Mar30 52
,
:«
1/193
76 s
92 l'9»4 -May
Dec2i
2,279 a 19% Dee 27 815 V, Sep -'i
Dec
Nov
J'ne
Oct 30
_'
)Ct
D'.o
AugiG
Decl4 148
59 "o Jan ig
86 Jan 4
175 Jan 24 192
13 Oct 21 23
53 Not 4
141
5
>
,
-Maili;
Dec
lan 19 167
Jan 12 300
20
Ma: 89 4 Nov
Jan 104 '4 3Cov
C4
9
Apr 4
A pi 28
I
.,'au
142 H Bltchburg prel
Aug'00 Norwich oj Wor prel lot'
Id
208 Old Colony
loo
Oct 'OS Pere Marquette
i
• 88 Hi
Jau
L75
305 Jan 14 .ill
60 13HjJao 17 36
100 63H»Jan 17
i
Do jircl
10(
Oct '06 Uoncfc Mont ClaftH4..10(>
Oct '05 '.'dihi
Paaa itiv prel 1"'
D<jc'<'0 Connecticut Raver... 10(1
91»4
Mar
'.'.-
I
Dec '00
prer
101 H- Union Paoilic
140Hi 148'. 140 4
•98 H 99 H •98 H,
Do prel
99 H
Last Sale 17
Dec'O; Vermont Ji Mass
West End St
98 H
98 Hi
99
Do pref
110
113 113
110
50
Last Salt j!
Oct '00 Wisconsin Central... l''i
Do prel
Last S a I ( oO
Oct '00
100
Last Sale 151
Nov'OO WoicXasli Ji Roeh..lO
:'
113
02 H
it
Last s a e nH
Last Sale
9,9.
-'.IN
52H?
prel
09'... .J.iii
5
05 253
390 152 STov-14 108 V
79 Z241 .Mm:.',. 249
21 170 Deol: 180 '2
1
*
16$
29
208
e
Maine
62
149V 150 34
9734 97
113
187
H
'208
'208
55
64
63
vS.l"
Last Sale 192
Last Sal
65
•62
•60
'98 Hi
96 Hi
Hi
15
5« 34
203
208
-o.s
2.08
96 Hi
193
193
142
90
93
1
Last SaU
L a s t Sale
Salt
Last S ale
Dp
75
+
175
1/4
126
•124
!lli,
15
08
•2
174
Bioeton
loo
100
100
Lowell
Ho.s'(in&\Vor K!ec
26'.,
70
*
\>o
&
&
77VMay20
405
Jan
Jau
07
88
Dec
Dec
J'n. 170
Apr
24
4 Se)i
l
1
',
J 'no
Oct
I
Uot
I'll
1.Y1
L2H 200
16'.
4
U
1.-0
.0.1
'•
May20
s
J
:'
pe b
J'ly
79 Hi
'!/,
1
Peb
J'ly
N'ov
:
;
:>~i
00
146
Hi
'4
O.iV
Jaii
Jau 111
:^e,i 1,
10', J'iy
Aucl)
>ep 13
37
Mar20 101
Nov
Hj
Deo
Dec
43 Hi Dec
J'ly
Del
'.
Dec
Xov
Ma) 173
!
21'
Xov
4
42
!
21VJan27
-vpr
A pi-
an
iVi Apr2i!
79 Jan b 102
'I GO
2H Uee2: 87
50 Aprl.
72
Jan
50 Jan
G7 v A.ug25
1
93 Hi J an
li 2
5,818 113 Jan 6 15] .
88 95 s. ]>
'a
172 Jaiiic liO OCt 9
130 93 Jan 3 10- Sep i;
35 1M Dec--!' 117 '.j
Apr
232
.'.'1112'!
li'-
1
--
.miscellaneous
•28 Hj 24
»
93
11
11
3;'.
33 s,
'23
2-1
92
11
92
;
S.Hj
151V
15'-'
152
I'll)
i40
13<i4
13.i
138
43
H»
138
43
43
.j
•121
•121V!
240
•176
26
•84^4
*191
6
193
3 34
•IV
a
10
ft
*101V103
*22V,
•26
*
3s
105
74
*31
105
74
3]
H
w
M
CO
H
«
15
105
Hi
39 V
105 H
140
140
40
104
1O0V
41*4
100
Hi
34V
152 V
-42H2
14
35
153!4
140
140
43
106
Last Sale 334
Dec '00
121 Hj
121V 121V 121 v,
3
a
24
20^4
25
24 H 25 j
4
27 H
0J 4
6
»5H 6
OH
5»4
.
26 s
6
243
177
H>
243 s
177
200
Do prel
220
100
Amer Pneu Serv
50 11,037
Do prel
Oo 1,050
AinerSu^arlielin
10<j io,2yo
Do prel'
loo
120
Amer Teiep Ji Teles. 100 1,736
Amer Woolen
240
loo
Do prel'
100 1,111
Boston Land
lo ...„.
CuniLierl Telep & Tel loo
Dominion Iron & St
1,000
East Boston Dand
2,700
Edison Elec Ilium. ..100
80
General Electric
200
loo
(Jliem.KK;
19 Hi Jan 20
243 243
175 Hi 175 H
46
40H
24.1
24;-,
Jan 3
4»4 Aprl..
Jan 17
104H2lu5
72
72
31>4
31H2
104Hi 100
70
70 H
31
31
1
1 Hj
•30Hi
Last Sale i^H
Last Sate lll ^
1
39 V 40 V
105 V 166 Hi
....
•50
*13
*91
14
•13
....
•87
•bo
S8
100
J'ly'00
j'ue'OO
53
5J
*-50
100
72
31
39^4
•87
'-'l
•95
88
100
6
6
•13
l
14
90 Hi 90 H
•85
8S
•95 loO
4
107 107
3b 3- 40 4
42 V
106 H
DeCOO
12
12
11
.1
91
91
91
91
*80
88
Lastsale
*7Hj
87
H
Dec '00
12
71
Hj
'.
:
-2
t
a
Hj
734
230
United Eruit
100 j'.i'.'o 103 Apr.29
802 57 J lie 10
U11 Shoo Mach Corp. 2"
Dec 2i
Do pref
520
26
1134 J'ne 8
U S .Leather
100
100-2 Jan li
Do pref
100
U S Rubber
lot'
15 34 V Jan 4
Do pref
loo
50 98 8 Jau
U S Steel Corp
100 51,214 24 V May22
Do pre!
loo 3,037 91 May2^
•40
West End Land
Mar.io
25
West Telep & Teleg.lOO
lo 11 Dec 2o
90 Oct 26
Do pref
lOO
82 Hj Oct
Westing El tit Mfg.. . Oo
91 May 2
Do pref
50
'-
Jan
lo
G
Apr
257
191
Jail
1
',
:
4
-2
.1
1
.,;:.
i4 1
2
37
yb
14
Hi
;,
4
5»8
3»34
100 V
14V
50
oO
4V
*1 J4
•23
4V
•75
Lz\
705
26 O
705
'28*'
2S
•0
7
•01
4
23
34 Hi 34 H
••60
40 H
40
102 Hi 106 H
14 Hi 10 H
08V 63
Hi
iv
2
24
62
6I4
Hi
34 Hi
•60
393,
103 4 107
14
15
6034 62
434
1
4H
IV
134
24
3
•70
24
35
V
•60
y\
2n ',
35 \
:
'is",
7
•6
•62
Hi)
705
'W
7
•60
80
S2V
80
b2 L4
17H [7V
17
17V
a
4
3
•2
ioi,
y»4
934
29
-.i
3
29 «j
5
'-j
23 V
9^
9»4
23
*1
10
iy
16
61
Hi
tJ234
4
Hi
4V
1134
12
8.-
881,
•32
V,
1 58
<v
105
32
•lis
•107
5
33
107
33 H
lH
108
5
*-V
2V
119
7
119
11
11
Hi
li, 3
4
'iio"
3
17 V
30 V
4«R
Hi
9 a4
•1
16H?
63
4 s*
11 34
IV
17
64
1%
34V
5Hi
2Hj
7
5H
2
29
23
5
23 3
4
*9V 10
!%
434
4 '4
lh
934
3o H
•4V
633,
90
17
UV
l x4
17
94 4 Dee
4 .>ep
Jan 1223J Dec
Pu<
J
P>',
an
7
11V
82 H2 88
1H2
1H
34
34
105 14 107 H
32 Hi 33 f
IHj
1H
1H
108H 107 107
5V
2
V,
7
l
5 4
•2 Hi
6V
5
6 3,
11
11
49H
50
10
63
88
65
Hi
86
Hi
46 H
9Hi
10',
64
6H1
•8
133
*1H>
10
64
•87
o4 J
,
6
Hi
8V
133
2
• Before pay'totaeaeaa'tsoalledln 1905.
89
44 14 45 Hi
10
64
6H)
8
133
115
V
23,
'48
120
116
10V
H
88
10i,
43Ha
10
44 V
54->,
5334
54 H
6H4
6^4
6H
8
133
2
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THE CHRONICLE.
1842
"Vol. lxxxt.
Imrestmjewl and 2£ailt0ad intelligence*
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures civo the gross earnings for the latest week or month, and the last two
We add a supplementary
columns the earnings for the period from July 1 to and including such latest week or month.
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought tor/ether separately on a subsequent page.
period.
July 1
Latest Gross Earnings.
Week or
Month.
Roads.
Ala Gt Southern.
Ala N O & Tex a.N O & N East.
Ala & Vicksb'g
Vicksb Sh & P.
S
See Southe rn Ry. S ystem
4th
4th
4th
wk Nov
wk Nov
wk Nov
& Char.. October ..
October ..
Atlantic & Bir
November.
Atl Coast Line
October ..
Ann
SL..
Bait &
November.
Bait & Ohio
Banyor & Aroost. October
Bellefonte Central November.
BridEt & Saco R_ October _.
Pitts
3d
wk Dec
Buffalo & Susq.. October ._
November.
Cal Northw'n
Canadian North. 3d
Canadian Pacific. 3d
Cent'l of Georgia. 3d
Cent'l of
N
Jersey
wk Dec
wk Dec
wk Dec
November.
Chattan Southern 3d wk Dec
November.
Chesap & Ohio
Chic & Alton Ry. October ..
Chic Gt Western. 3d wk Dec
Chic Ind & L'v.. 3d wk Dec
Chic Milw & St P. October _.
Chic & North W_ November-
M
Chic St P
& O.
Chic Term Tr RR
Cin N O & T Pac.
CI Cin Ch & St L.
Peoria & East'n
ft Col & South Sys
November.
wk Dec
3d
See Southe
November.
November.
3d wk Dec
Newb & Lau. October ..
October
Copper Range
Cornwall
October
Cornwall & Leb_. October _.
Denv & Rio Gr__ 3d wk Dec
Det & Mackinac. November.
Det Tol & Ir and
Ann Arbor Syst 3d wk Dec
DulSoSh&AtL. 3d wk Dec
Col
November-
Erie
F'rchild
&N. E._ October
Farmville & Pow hattan
Fon Johnst & Gl. November.
Ft W & Denv City Now includ
November.
Georgia RR
Ga South &Fla._ See Southe
Gr Trunk System 3d wk Dec
Gr Trunk West 1st wk Dec
Det Gr H & M. 1st wk Dec
Great Northern.. November.
Montana
Cent'l
Total system
Gulf&Ship Island
Hocking Valley..
Illinois Central..
Illinois
Southern.
Int & Gt North'n
o Interoc (Mex)._
Iowa Central
November.
November.
2d wk Dec
November.
November.
November.
3d wk Dec
3d wk Dec
3d wk Dec
November-
Kanawha & Mich
Kan City South'n October
_.
Lehigh Valley
November.
Lexing & East'n. October
Long Island
October ..
Louisiana & Ark. November.
Louis v & Nashv. 3d wk Dec
Macon & Birm
Manis
& No East
Manistique
Maryland & Penn
a Mexican Cent'l.
a Mexican Intern
a Mexican Ry
a Mexican South.
Millen & Southw.
Mineral Range
Minneap & St L._
M St
P & S St M.
Mo Kan & Texas.
Mo Pac & Iron Mt
Previous
Year.
Current
Year.
ow.
November.
October _.
November.
October ..
October ..
3d wk Dec
Wk
1st
Dec
9
wk Dec
October
3d wk Dec
3d wk Dec
3d wk Dec
3d
3d
Central Branch 3d
Total
3d
wk
wk
wk
wk
Week or
Month.
Roads.
Dec
Dec
Dec
Dec
111,582
55,930
49,102
78,318 1, 134,212
48,371
512,248
54,729
450,552
Inc.
9,245
Inc. 47
6,910,668 6,487,014 31,813,734
378,469 323,390 1,367,457
92,496
93,255
369,069
2,115,770 1,947,871 9,297,705
16,381
63,874
15,708
6,591,374 5,757,747 32,159,8S9
229,298
780,580
205,703
5,973
6,243
26,067
4,400
20,410
4,062
171,020
145,745 4,406,191
140,163
101,185
522,945
138.625
115,558
856,530
103,100
93.S00 2,562,400
1,273,000 1 ,001 ,000 29,556,794
234,400
218,000 5,526,645
2,078,076 1,840,004 10,716,091
2,649
2,771
63,164
2,033,482 1,719,680 9,816,326
1,097,778 1,300,783 4,130,055
173,981
145,311 4,314,852
105,690
92,228 2,969,282
5,598,603 5,015,619 19,283,582
5,636,926 4,833,951 27,841,378
1,254,120 1,099,203 5,848,562
31,821
819,410
27,551
rn Ry. S ystem bel ow.
2,055,725 1,892,646 10,244,721
312,052
253,998 1,351,386
282,373
234,573 5,814,297
27,171
23,476
90,928
236,150
62,679
47,624
14,052
62,033
3,866
152,386
36,216
21,110
369,900 313,100 9,614,783
445,089
96,186
81,147
85,365
49,975
4,411,220
2,278
Now Tide
52,041
ed in Colo
250,228
rn Ry. S
752,623
92,210
29,272
4,995,094
244,989
5,240,083
43,876
587,995
4,699,720
33,640
135,200
107,056
64,711
180,442
632,270
3,074,556
42,055
Inc. 12
76,151
835,200
14,554
26,195
3,883
37,340
2,436,318
129,302
129,500
22,537
6,847
13,955
75,373
233,578
421,721
751,000
32,000
783,000
1,016,468
570,022
600,513
S,8S2
28,379,904
1,253,098
338,348
8,523,302
57,276
29,132,474
727,974
22,306
18,191
4,000,643
379,595
770,493
1,983,500
25,593,880
5,155,236
9,483,586
65,429
8,737,321
4,709,145
3,764,598
2,751,906
17,913,030
25,147,235
5,432,506
752,612
10,135,893
1,258,118
4,798,065
74,801
222,619
20,835
79,127
8,474,592
409,779
78,697 1,941,525 1,706,762
46,815 1,510,686 1,303,912
4,002,222 21,621,519 19,998,633
8,044
11,000
3,129
which see.
water & Western,
357,058
315,931
44,584
rado & S outhern S ystem.
234,358 1,203,676 1,081,536
ystem
bel
688,161
89,655
31,525
4,468,014
201 ,809
4,669,823
35,401
540,760
4,439,660
25.883
138,800
104,975
50,289
152,880
645,248
2,746,097
40,436
1,097
77,249
£779,955
12,789
31,036
6,365
32,289
2,258,234
135,873
110,100
18,431
7,356
12,805
51 ,246
164,485
355,218
716,000
25,000
741 ,000
ow.
19,017,562
2,492,176
700,940
22,649,169
1,122,474
23,771,643
908,879
2,857,731
20,906,317
157,465
3,463,735
2,771,826
1,433,744
905,907
2,279,750
14,563,588
180,243
Inc. 25
380,329
19,935,957
63,518
124,713
46,014
135,447
9,058,892
3,061,170
2,759,100
503,467
29.100
362,875
1,936,115
5,779,762
10,699,446
20,315,856
981,699
21,297,555
17,952,382
2,250,934
682,858
19,713,322
982,218
20,695,540
861 ,480
2,824,706
21,377,499
124,967
3,269,122
2,701,331
1,256,225
767,343
2,284,532
13,220,294
157,903
3,194
341,140
18,909,746
60,666
138,973
42,822
121,617
8,246,364
3,131,978
2,625,400
485,213
28,015
336,805
1,510,088
4,396,466
10,382,575
20,969,029
806,810
21,775,839
Mob Jack&K C. October
& Ohio. See Southe
Nash Ch & St L
October .
a Nat RR of Mex 3d wk Dec
N e v -Cal-Oregon November
Nevada Central. October .
N Y C & Hud Riv November
N Y Ont & West NovemberN Y Susq & West November.
Norfolk & West'n
Northern Central
Northern Pacific.
Ohio Riv & West.
Pacific Coast Co.
October ..
October ..
November.
September
October ..
dPenn— EastP&E October ..
dWest P & E
October ..
PhilaBalt & W'sh October ..
Phila & Erie... October ..
Pittsb
C C & St L November.
& S'port. November.
NovemberNovember
November-
Raleigh
Reading Railway
Coal & Iron Co
Total both Cos
Rich Fr'ksb & P.
Rio Grande Jet..
Rio Grande So..
Rock Island Sys
St Jos & Gr Isl.St L & San Fran e
St L Southwest
Seaboard Air Line
Sierra Railway
Southern Indiana
So Pacific Co.c.
Southern Ry Sys
Southern Ry.
Mobile & Ohio
Cin NO & TexP
Ala Great Sou
Ga South & Fla
Texas Central..
Texas & Pacific.
Tex S V & N
Tidewater & W'n
Tol & Ohio Cent.
W
Tol
P& West
TolStL&W
Ham & Buff.
Tor
Un Pac
October .
October _
3d wk Dec
November
October
40 roads
37 roads
(37 roads
(39 -roads
'39 roads
38 roads
44 roads
(40 roads
(42 roads
(40 roads.
(43 roads)
(41 roads)
(42 roads)
(37 roads)
8,754,057
8,663,273
12,368,234
8,941,774
9,430,786
9,434,892
14,510,876
8,331,329
9,780,290
9,773,299
13.059,928
9;011,601
8,310,626
9,106,400
8,502,578
8,514,190
11,899,965
8,643,551
8,965,878
9,292,845
14,096,129
7,777,198
8,832,358
9,031,449
12,253,008
8,343,843
7,417,834
8,123,447
+ 251,479
4-149,083
+ 468,269
+ 298,223
+ 464,908
+ 142,047
+ 414,747
+ 554,131
+ 947,932
+ 741,850
+ S06.920
+ 667,758
+ 892,792
+ 982,953
_
November
3d wk Dec
October
October
.
.
November
October
3d
3d
2d
2d
wk
wk
wk
wk
_
November
November
3d wk Dec
3d wk Dec
November
System.. October _,
Virginia & So W'n November.
Wabash
3d wk Dec
West'n Maryland September
Jersey & Sea'e October ..
Wheeling & L E 3d wk Dec
Wichita Valley. July
W'msport & N Br October .
Wisconsin Central November
Wrightsv & Ten October _,
W
Yazoo
&
Miss Val November.
Atlantic & Birmingham
Bellefonte Central
CI C C & St Louis
Peoria & Eastern
Interoceanic of Mexico
Manistee & North Eastern
Manistique
Maryland & Pennsylvania
a Mexican International
a Mexican Railway
o Mexican Southern..
a Nat RR of Mexico
to
Latest.
Current
Year.
Date.
Previous
Year.
$
48,942
Ry. S ystem
919,658
283,747
19,050
5,430
7,633.787
620,628
236,771
2,393,037
1,009,407
5,856,511
20,972
582,824
12572 075
Inc. 69
1,282,781
797,843
2,461,518
5,363
3,618,960
4,239,230
7,858,190
127,347
63,894
13,745
4,563,438
135,424
3,852,288
190,201
1,290,127
32,498
126,391
9,392,428
153,109
22,932
295,799
15,600
8,159
365,276
27,833
75,790
63,102
6,708,394
77,691
489,023
418,497
331,930
113,342
12,170
13,538
602,976
21 ,891
884,204
Jan
Mar
Dec
Jan
Jan
Jan
Jan
Jan
Jan
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
1
to
1
to
to
to
to
to
to
to
1
1
1
1
Marl
Jan
Jan
Jan
Jan
Jan
New York Central
Jan
Northern Central
d Penn— East of Pitts & E... Jan
Jan
d West of Pitts & E
Jan
Phila Baltimore & Wash ..
Jan
Philadelphia & Erie
Jan
Louis..
Pitts Cin Chic & St
Dec
Rio Grande Junction
Jan
Texas & Pacific
Jan
West Jersey & Seashore
1
1
1
1
1
1
bel
903,524
246,260
17,865
3,356
7,014,224
578,542
253,583
2,041,727
996,207
5,105,613
20,795
557,497
10728 675
4,200
1,145,981
729,319
2,067,205
5,086
3,135,858
3,391,226
6,527,084
116,369
61,379
10,222
4,132,406
115,135
3,610,405
213,690
1,205,468
31,638
125,110
8,938,468
ow.
3,462,814 3,454,841
6,163,653 5,296,460
117,522
109,358
17,169
9,865
39,159,953 35,206,470
3,430,497 3,114,945
1,181,498 1,074,519
9,313,331 7,811,619
3,730,577 3,689,477
27,589,952 23,622,787
58,483
59,356
2,455,862 2,332,305
47,748,218 40,898,318
Inc. 2
5,080,076
3,095,852
11,752,838
25,252
17,408,714
14,678,259
32,086,973
507,752
236,657
281,019
22,468,516
541,951
17,823,875
4,338,616
4,715,527
835,300
4,766,376
2,923,850
10,369,551
21,007
14,969,661
13,205,562
28,175,223
460,104
206,898
231,598
19,499,912
458,846
17,184,399
4,475,292
4,308,706
605,605
607,680
35,055,206 31,985,354
958,786 n250584O7 23,579,566
146,729 4,218,554 3,965,752
128,222 3,639,357 3.376,636
66,011 1,664,195 1,496,879
720,573
146,442
762,881
420,138
462,114
22,331
321,308 5,770,720 6,350,379
19,000
32,925
8,446
29,756
374,753 1,871,420 1,868,298
642,806
27,955
649,912
66,906 2,011,866 1,877,436
280.837
58,221
305,688
5,925,773 24,132,350 20,831,323
247,803
402,246
47,503
435,881 12,040,160 13,088,304
1,041,130
362,565 1,218,508
298,430 2,261,469 2,045,069
73,312 2,759,400 2,195,699
4,110
12.170
4,110
64,519
13,981
67,620
584,161 3,094,342 2,999,441
66,858
20,986
72,698
999,717 2,955,790 3,600,145
Period.
Various Fiscal Years.
Allegheny Valley
Atlanta & Charl Air Line
July 1
Previous
Year.
71,682
rn
Dec 1,027,245
Dec 154,682
Dec 139,673
Dec
67,595
2d wk Dec
3d wk Dec
October
October ..
Oct
Oct
Oct
Nov
Nov
Nov
Dec
Oct
Nov
Oct
Dec
Dec
Dec
Dec
Nov
Oct
Oct
Oct
Oct
Oct
Nov
Oct
Dec
Oct
Previous
Year.
Current
Year.
Inc. $8 98,636
$2, 611,686 $2,402,612
957,178
55,547
20,475,744
2,658,290
6,003,542
361,822
87,609
246,537
6,303,651
5,869,300
1,123,373
12,273,998
78,349,516
8,726,671
110132894
Inc. 6,11
12,149,987
6,740,944
24,291,763
547,693
11,417,707
4,093,921
737,075
51,761
20,135,714
2,781,795
5,981,125
359,399
78,784
221,679
6,693,582
5,741,300
1,095,230
11,195,927
71,679,273
8,568,071
97,593,894
6,500
11,339,087
6,394,513
21,987,711
514,784
11,787,175
3,820,521
and Monthly.
Monthly Summaries.
Cur'nt Year Prev's Year Inc. or Dec.
8
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
4th week
1st week
2nd week
3rd week
Current
Year.
b
AGGREGATES OF GROSS EARNINGS—Weekly
Weekly Summaries.
Gross Earnings.
Latest
Mobile
Atlanta
Roch &
bel
Date.
Pacific.
AUegheny Valley. October ._
Atcli Top & S Fe. November.
Bull'
Previous
Year.
Current
Year.
to Latest
Cur'nt Year Prev. Year.
Inc. or Dec.
S
Month Oct 1904 (124 rds) 159,732,959 154,758,622 + 4 974,337
Month Nov 1904 (124 rds) 154,304,117 140,909,476 + 13 ,394,641
Month Dec 1904 (123 rds) 146,748,102 136,889,640 + 9 ,858,462
Month Jan 1905 (116 rds) 127,073,058 119,220,078 + 7 ,852,980
Month Feb 1905 (117 rds) 113,714,506 117,252,135 —3 ,537,629
Month Mar 1905 (118 rds) 143,622,857 130,879,546 + 12 743,311
Month April 1905 (115 rds) 136,595,868 127,237,317 + 9 358,551
Month May 1905 (118 rds) 144,103,256 129,712,739 + 14 390,517
Month June 1905 (104 rds) 125,942,575 114,845,032 + 11 097,543
Month July 1905 (115 rds) 143,658,287 130,328,530 + 13 329,757
Month Aug 1905 (115 rds) 154,972,550 141,867,461 + 13 105,089
Month Sept 1905 (115 rds) 161,431,629 147,709,816 + 13 721, S13
Month Oct 1905 (115 rds) 170,515,148 157,100,827 + 13 ,414,321
Month Nov 1905 ( 55 rds) 71 ,044,232 65,109,09S + 5 ,935,134
Decatur to Ackerman inclusive, and also of Gulf & Chicago division.,
2.95
1.75
3.94
3.45
5.18
1.53
2.94
7.12
10.73
8.21
6.58
8.00
12.03
12.10
3.21
9.51
7.20
6.58
3.01
9.73
7.35
11.09
9.66
10.02
9.23
9.28
8.54
9.11
c Ina Mexican currency, b Figures include earnings of stations,
e Includes the Clucago & Eastern
cludes the Houston & Texas Central and its subsidiary lines in both years.
d Covers lines directly operated,
/; Atlanta Knoxville & NorthIllinois in both years,
Col. & South., Ft. Worth & Denver City and all affiliated lines.
ft Includes earnings of
em included in both years since April 1; it had previously been included in 1905 since Jan. 1. n Includes earnings of East. Div. of Term. Cent,
from Dec. 1 in 1905 only.
a
Dec. 30
.
.
THK CHRONICLE.
1905.
Latest Gross Earnings by Weeks.- In li<> table which
wo sum up separately the earnings for the third week
of December. The table covers ;57 roads and shows 12.10
increase in the aggregate Over the same week List year.
1843
t
I
Third inrk
December.
ef
Buffalo Rochester
Pittsb
ft
Canadian Northern
Cana.li.ui Paciflc
Cent r;U of Georgia
Chattanooga Southern
Chicago (.ire. u Western
Chicago [adlanap ft I.ouisv..
Chicago rerminal rransfer
Colorado A Southern unci.
ft Worth A Denver Cit
Denver A Rio Grande
Detroil ToJ >v iron and Ann
Arbor System
Duluth So Shore ft Atl
Grand Trunk of Canada
]
Grand Trunk Western .. \
Detroit Or Hav A Milw_.
Internal A Gl Northern
Interoceanlc of Mexico.
Iowa Central
Louisville A Nashville.
Mexican International
Mineral Range
.ooi ,000
1,400
318,000
2,649
173,981
106,690
2.771
St
P
SS
ft
M
Central Branch.
Mobile A Ohio
National RR of Mexico .
Rio Grande Southern
81 Louis Southwestern ..
Southern Railway
Texas Pacific../..
Toledo Peoria
Western.
Toledo St Louis ft Western
<fc
Wabash
Wheeling
& Lake
93,800
l
Erie
Total (37 roads)..
Net increase (12.10<^)_
16,31
122
lMexuan
28,670
Jan
4,270
27,661
282,873
308,900
284,573
313.100
35,366
49,976
47,800
752.623
CSS, 161
2,081
July
1
to Oct
Jan
1
to
December.
6.571
July
\
Previously reported (37 roadsi
Alabama Great Southern
59,413
8,123,447 1,042,366
982.953
Qn New
& Tex Pac
& Ironton
Orl
Detroit Tol
91,160
62,905
35,401
28,255
8,475
43,876|
Total (42 roads')
Net increase
Decrease.
$
52,665
1,584
11,451
(lncl
Ann Arbor svstem).
Gulf & Ship Island
8,310,626
7,417,834!
(12. 03^1
945,457
892,792
52,665
-Gross Earn'gsXet EarningsCurrent
Previous
Previous
Current
Year.
Year.
Year.
Year.
Roads.
S
S
S
$
AtchTop ft San Fe.b.Nov 6,910,668 6,487,014 d2,888,182 rf2, 699,557
July 1 to Nov 30
28,379,904tfl2,285,077rfl0,339,839
31,813,734
March
L. a. Oct
378,469
to Oct 31
2.611,686
1
Atlantic & Birm. a
•July 1 to Oct 31
Oct
2,402,612
138,033
665,567
122.722
727,135
93,255
338,348
25,846
121,211
33 ,060
113,105
323,390
92,496
369,069
Atlantic Coast Line. a Nov 2,115,770
July 1 to Nov 30...
30
9,297,705
1,947,871
8,523,302
774,422
3.014.992
2.969,688
Buff Roch & Pitts, b .Not
744,299
July 1 to Nov 30
3.942,004
693 ,962
3,663,406
340,364
1,862.317
307.201
1,498.603
Canadian Northern
July 1 to Nov 30
410,600
1.714,100
225.100
847,700
156,400
11343 4,751,970
25,762,794 22389,881
9,840316
N
566,800
2,255,400
',
>
Canadian Pacific.
July
Nov 30
to
1
Central of Georgia. a
July 1 to Nov 30
Chesapeake
July
CI
ft
to
1
4351346
Ohio b. No. 2,033,482
9.M6.3J
No. 30
On CtdC ft St L
h
to Nov 30
Peoria & Baal b
Jan 1 to No. 30
Jan
.Nov 1,046,833
1
983,021
4,487
1.7 Hi. 680
7,321
,.725
1,892.646
20,475,744 20,135,71
Nov
2 5 ,998
312,052
;- ,796
2,658,290
i
1
2,36131
l
791 ,047
1
,669376
282,063
B12
6,886
1361
1
St Louis & San Fran
Chic & E 111). a
July 1 to Nov 30
411
7s, 131
9,072
1
Erie. a
Nov 30... 21 ,621 319
to
1
i
1
Ship
lal
Nov
a
Hocking Valley
1
to
Iowa Central
Ju!
303,676
19-'
816.386
Ju!
July
28,042
184,466
No
1,201
Toledo
a
30
a
^
N
-.30
l
^7,995
540.760
2367,731
2324,706
70320
i
,
1
54
Al. 251. 170 ftl.103
42304
266318
-.177
82.13.",
3 5
1
1,468,580
7,081,099
1,361,914
6,636,825
Nov
3 852,288 3,610,405
17 ,823.875, 17,184,399
1,364,642
6,039,960
1,213,676
6,445,504
274,806
,061 ,983
289,204
1,378,719
846,772
3,878,456
•
1
,871,420
374,753
1,868.298
78.621
550,842
118,920
596,665
602,976
3 094,342
584,161
2,999,441
237,536
1.197,269
204,998
1,143.366
365,276
1
Nov
•
Net earnings here given are before deducting taxes.
ing taxes and rentals
is
$11, 304, 163 this year, against $9,397,153 last year.
h
For November additional income is $2,578 this year, against $4,305
last year. From July 1 to November 30 additional income is $18,827 this
year, against $25,589 last year. .AUJt.-...- »:. '*sjaAa\!l ••;•.••. ••
•
181
I. li
•
•
•
k For November additional income is $7,735 this year, against $7,207
last year. From July 1 to November 30 additional income is $69,116 this
year, against $49,696 last year.
fej
n These figures represent thirty per cent, of gross earnings.
v These figures' are in Mexican currency convertible into gold at the
current rate of exchange.
—
The following roads, in
Interest Charges and Surplus.
addition to their gross and net earnings given in the foregoing, also report charges for interest, etc., with the surplus
above or deficit below these charges:
Roads.
Cl On Chic ft 8t L
Jan
Jan
Georgia
to
1
Peoria
Nov
80.
Last
fc
to
1
Nov 30
RR
Current
Year.
%
346,221
Ho
3,702,931
Nov
14,567
491.721
Nov
A Ship Is!
July
1
Hocking Valley
July
1
'/54. 7»i7
<i2f.2.497
r88
X167.628
x.30,189
C9 1,132
25,678
24 ,504
122.01S
x55
1147,576
rl8,868
J77.207
71 ,678
1 172.021
1 23 ,845
J-SO
X824308
July
1
12S, 130
Hoi
c.l
Nov 80
to
Mo
Mil b
V>. 30
to
N Y Onl A Weal
July
to Mo
Bio Grand
Dec 1 to G
19,938
100.357
1310
x.tY/7,534
r 158 .488
.r././2.441
12320
1
10
74,064
302
31
•.11
Jill
-
1.
142,500
Wot
Toledo
1
to
•
500
,416
,742
No- 30
it:
X16.321
,984
105 334
0304,126
96
707.017
10,1
72.1.11
10,081
1
I
99,166
366,600
1,40
1
,174,716
J.176
37
•
ben
40.176
u
1
beat anTni
for
includi
,
1
1,781
,254,088
1,182,177
1
,446
14
978
1
7,886
other
.
189,
30
t Aftei
a Charge*
/26.510
00
.350
56,760
8,333
<><t
1
20,016
100,690
61 ,218
v.-
1
,741
30
1
,031
:.-.<>
332,627
N".
Louisiana A Ark
to No
July
)
299
Nn.
Nov 30
to
Bal. o[ Net E'ngs.
Previous
Current
War.
Year.
ear.
$
%
S
x 175,700
326,907
Z202.566
3,607
r 1,633,361 1 1,934 ,735
44,592
.399
3.3 ,839
j-234.917
j-203.658
488.259
Pn rious
054,638
1
Gulf
—
&c.
Rentals,
-/71/.,
l
79,01s
227
4,132,406
22 ,468,516 19,499,912
d For November 1905 taxes and rentals amounted to $220,783, against
$177,720, after deducting which net for November 1905 was $2,667,399,
From July 1 to November 30 1905 net after deductagainst $2,521 .837.
Jul-.
1,123316
863,858
930,507
1.681,670
7,114,252
317,841
878,675
1,999,511
7,992.927
120,072
590,812
2.119,583
8.583,739
nl8,414
Nov 30
to
1
Wisconsin Cent . b
July 1 to Nov 30
,081
161,781
781
1,562,860
7,51 1,022
71154,434
& OhioCent.a.Nov
July
2,602
S.591
•
-•9,688
nl9,168
Nn.
.'..".l
s
Georgia RR.a
July
to N
ft
19.9'.
2,629
•
(incl.
1,179
..
July
Gulf
107.
J17s
110,564
389.293
372.so.3-
71164,306
820,439
StiLouis Southwest. bNov
July 1 to Nov 30... 3 ,766,069
I
81.1 17
1,779
96,186
78,071
•
61,379
514,784
63,894
547,693
.Oct
Nov 30
to
1,822
168,621
1,043,906
599,147
2,043.215
9.040,676
Rio Grande Junct..
Dec 1 to Oct 31.
|-
170.3S7
1.060.419
Nov
Kanawha A
1
A Mack. a..
to Nov 30
July
~
.563
,-l
•
Julv 1 to Nov 30...
Total all Cos.b
Nov
Julv 1 to Nov 30...
3.330.268
_'
Detroit
.1114
9398
•
'
Reading Co.b
,376,062
5,289,491
6,141
OS
9,1
•
•
1. 904 ,802
5.730,234
36322 10,496,130
I
'•405,565 "-308.645
3, 932, 42S _-3. 39 1,950
-|-5,086
21,007.
•
102.835
644 .590
.-
1,648376
5, 172, SI
1.916.70s
8,441,529
126.507
7,482,080
1
3. 'H
-j.-25.252
687300
321
1,611
Nov 30
to
1
.136.175
292,628 ' -238,910
2,614,488
2,881,782
1253,583
1,074,519
3,135 S5S
Julv 1 to Nov 30... 17, 408, 714 14,969 ,661
Coal & Iron Co. b.. Nov 4,239,230 3,391 ,226
Julv 1 to Nov 30... 14,678, 259 13,205 ,562
Total both Cos. b.. Nov 7.858,190 6,527 .list
July 1 to Nov 30... 32,086,973 28,175 223
b
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind willibe found in the issue of Dec. 23 1905.
The
next will appear in the issue of Jan. 20 1906.
& Char A
7,251
34 ,950
-If-
a Net earnings here given are after deducting taxes.
Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of STEAM railroads
Atlanta
;236,77i-
Rock Island Syst.a.. Nov 4 553,438
$
895,692
620,628 fr»- 678,542
3,430,497 3,114,945
.999
1,189,888
'
9,865
-|
,
Nov 30... 1.181,498
to
—
8,884
53,142
40,030
7.125,295
66,011
128,222
..NovJ
Weat.a. .Nov
.v
1
17,169.-
-i.-
Nov 30
to
1
•
,
mi
Reading Companies
l'hila & Reading. b. Nov 3,618,960
25,509
122
7,968,322
67,595
139,673
to Oct 81
1
Bnaq
>
July
68,459
Increase
.
085, 405 •' 904,693
.11.45s, 722 10,471.868
1
26,885
-
26,706
147,406
||
4,244,426
15,769,761
.34,867369 86,118,880
Oct 31
EUletahftSoPort.a-.Nov -ir-5.363
23 ,489
1904.
Ocl 8,876,288
15,026,882
i
1
II HI
1,266,908
6,811370
Oct I-U- 5,430 -,| 3,356
July
3 2 1.3 OS
1905.
666,874
9
Nevada Central. b
July
For the second week of December our final statement
covers 42 roads and shows 12.03% increase in the aggregate
over the same week last year.
of
1688,911
5,897,382
Nov
July
Second week
b
31
N Y Out A Weat.a
1.150
24.127
69.093
66,503
35.000
7.000
7,953
87,487
3,523
27,955
66.906
435,881
73,312
1
1,242,769
50.(10.-.
-i-.380.329i-t-341.140 {
Nov
of Mei
Jan 1 to Nov 80
14,422
55,245
355,218
716,000
25.000
146,729
246,260
10,222
213,690
958.786
109
166,107
2,746,097
18,280,894
rNal'KK
3.600
12,806
51.246
164,486
System
Pacific
64,462
13S.S00
104. 9 75
50.2S9
779,955
186,200
107.066
Mo
6,668
8,160
46316
162,880
767,343
|
>|
Nov 30
14,668,688
Nov -| 76,161 1-1J- 77,249
No\ 30
to
.
No\ 1341,949 r £261 ,047 1-143,693
Uinnlft St Louis.a
July.Uio Nov 30
1 ,871
kl, 712,790 *1, 345 ,466
56, SOU
78.697
180.442
-[906,907
Nov 3,074,666
Internal.
1
121
||>
1
•
.
b
to
1
Mo\
Year.
$
$
$
5,663,414
a
n HIS
r.t
Year.
ar.
IMS, s
Louisiana A \lk a
July 1 tO NOV 80
92.228
31321
9,106,400
Jul\
__
1
$
Nov 30
to
1
LehlfMIVallej
9.300
272,000
16,400
I
Mi. h
.V
July
16,746
1
13,955
75,373
233 .578
421.721
751.000
32,000
154.682
2S3.747
13. 745
190.201
1,027.245
295.799
27,833
75.790
489,023
113.342
Mo Kannan a Texas
Mo Pacific A Iron Mtn
Kanawha
$
H4.71 1
S 15.200
129,302
Minneapolis 4 St Louit
Roodt.
plnterooeenlc ol Mex
Jan 1 to Nov 80
1
itUJB
Cum
Previous
tor,
\
I
$
171,020
103,100
1,273,000
.
Minn
HUM.
1905.
iirn'ga
Current
follows
1427,811
I.
;..".i
by
i<-.km-i-,
and other^deduo-
TIIK CHRONH.LK.
1844
STREET RAILWAYS AND TRACTION COMPANIES.
Jan.
LateSt Gross Earnings.
r
1
to
llf
Current
Year.
Road.
Month.
Current
Year.
Fear.
I
l'n
ar.
$
udson.
i
ictober
\<>\
Aur Elgin & Chi Kj
nton Ry_.
on & Woi
ingt'n \ l) Tr
Gas <S El
I
1
i
i
:n
i
<
ket
rfai
leatoil
«v
i
November.
November,
mber
;
I
n-lober
.'orlbeni
Citizens' Ely >t
1
Novem
No. ember.
smber
:
Muscatine, la).
Clev & S
Ti CO
Painsv & E
!o] Lou & Springy.
W
.
November.
November.
November.
October _.
ton Sp'g&Urb. October ..
Del roit United Ry. 3d wk Dec
Du.uth Street K,v_. :iil wk Bee
I
.
L & Sub
Aurora
in
A.-
November.
-
SO. Nover.
Pasb Electric
i:i
105,75
280,008
.
I
35,454
IS, 434
28,755
5,790
405,428
0,055
88,679
53,549
54,400
73,222
51-909
46,752
15,326
66,150
9,977
10,575
47,681
.
,
138
753
254,57.1
i
216,097
636,187
418,344
230, 3S5
5,031
120,810
537,140
<?456,0fil
528i289
747,128
2240,756
72,447
7,537
October ..
11*047
18,057
21;278
20-123
93,110
13,985
118,218
41,123
26,765
16,709
19,026
84,157
12,132
129,821
110,689
495,686
225,24
186,109
186,279
4,960,276
643',192
.
alley Traction. Novenilier.
\
Mu
(
ictober
Wk
Dec 24
November.
& Land Co
Hpugnton cost Ry October ..
ETbuston Elec Co.
_
October
.
November.
Iridianap & EastRy August
Internat Trac Co
Stem Buffalo) September
Illinois
Trac Go
(
Jackson Consol Tr. October ..
Jacksofiv Ele'c Co.. October ..
Kan City Kv <fe Kt_ October .
234-1,183
99,012
438,290
208.655
4,397,!;28
801",
19
36,380
23,725
80,474
23,927
39,580
67,109
22,274
35,881
862,167
2149,471
1,924, 29-
761,960
«142,054
1,663,760
16,539
46,324
155,382
24,469
27,707
17,965
38,639
129,598
22,237
Lehigh
st a-et
Ry_. November.
Elec
Sti
V Tr CoRy Dep__ November.
Elec Light Dep_ November.
Lexington Ry
Madison Traction.
Manila Kl Rv&L—
Ry Dept
Light Dept
Met West Side Elev
Ml Elec Ry&L't Co
Mil Lt H & TrCo..
Montreal Street Rv
Mun Hart & Ft W'_
Ry & Lighl
November.
November.
47,785
19,794
28,968
7,563
40,252
18,220
25,787
7,163
54,336
c87,351
lst
wk Dec
October
iT
November.
November.
November.
November.
September
November.
November.
August
November.
November.
10,300
31,725
198,414
275,409
45,962
232,635
173,704
274,040
36,524
204,554
Lt Ht & Pow Co". November.
San Fran OakPd &
6-4,095
San Jose
Sao Paulo
46,822
Northwestern Elev
lakland Tr Cons..
Olean Street Ry
Orange Co Traction
Peeks Ltg & RRCo
"Itts M'K & Green
Pottsv Union Trac
Rys Co Gen— R'ds
(
October
_ _
November.
November.
November.
November.
November.
Light Go's
November.
Roohestvr & East. November.
Rochester Railway November.
Rock Beloit&Janes November.
St Joseph (Moi
Rv
Rv
November.
(Brazil)
Tram L & P Co.
Wk
Dec
3
Savannah Elec Co. October ..
Schuylkill Ry Co.. November.
-.
October _.
Seattle Electric Co. October . _
,
.1
|
59",
EMv... November:
November.
Tampa Electric Co OctODfer ._
Terre Hte T & L Co October . _
Tol Bowl Gr&So Tr November-
SoutTi Sirle
Syracuse 8 T Rj
-
fa & Light Novei
Toledo
Western. October
Toronto Rail w a
Wk Dec 23
Twin City Rap Ti- 2d wk Decsd Rys of St L No ve
Unit id ol San Fran November
Wash A!. ' &, M.t V November
Youngst' in Sharon. Noven
&
.'
lt
34,691
49,907
14.725
85,684
232,826
138,234
82,747
34,586
57,336
26,679
164,418
27,123
60,709
95,010
711,881
604,686
20,324
50,439
11,410
16,025
21,703
2,253
20,198
118,611
10,503
A"
Ki-J .'I:).
#137
1,139,019
139,077
3,417,184
273,463
259,595
3,999,739
721, 70S
3,124,796
252,949
240,681
549,819
167,941
336,954
479,345
153,525
Jan 1 to Nov 30
Elgin Aurora & So. b._ Nov
July 1 to Nov 30
El Paso Elec. Co
Oct
July 1 to Oct. 31-..
Ft Wayne & Wabash Val'Jan
2,057 450
2,929 068
560 661
2,551 783
132 563
665 094
1,SS8,298
2,917,760
423,710
2,303,225
134,640
604,178
819,115
878 200
421 69S
359,840
7691
1,276
1,163,369
1,310 ,095i 1,146,982
106 525
90,787
115 476
109,207
113 133
168 751
147,483
209 253
187,599
338 655
295,313
22 670
21.9S7
59,111
681,926
619,184
41,389
485,963
377,510
28,667
48,171
&873 ,273
481 ,666
al32 ,736
795 ,346
2,102 ,269
1,496 ,867
873 ,125
329 ,300
513 ,235
c!39 ,097
1 ,737 ,707
207 ,359
2,654 ,802
4.511 ,818
6727,397
450,054
146,759
20,880
53,250
81,909
876,629 r7,70S ,099,
567,673 6,430 ,346
231 ,435
19,789
492 ,2861
127,450
724.298
1,911,897
1,381.273
775, 125
(
295,418
438,047
1,586,899
183,647
2,348,i 28
4,094,278
9.2S9.372
6,075,110
226,063
•
1
—
Street Railway Net Earnings.
In the following we show
h the gross and the net earnings to latest dates of all
STREET railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
ii'turns of the different roads are published by us each week
as soon as received, and once a month we bring together all
the roads reporting as is done to-day.
i
Roads.
Albany & Hudson.a_.Oct
Jan
1 to Oct 31—
July 1 to Oct 31--.
Aurova Elgin & Chic. Nov
Jan 1 to Nov. 30...
July 1 to Nov. 30...
to
Nov 30
Galveston Elect (Tex.)Oct
May 1 to Oct 31.-.
Net Earnings
Previous
Current
Year.
Year.
5,627
66,713
38,141
20,154
251,039
160.096
,
1
60
9,384
107,782
1
>09
54,306
5,066
64,684
31,321
16,300
176,547
120.539
23,060
19,155
is 1,542
Kit;, 341
29,920
307,938
6,127
94,122
20,354
207,980
396
4,936
5,288
52,142
27.3S5
203,712
5,383
83,327
18,155
167.110
3,261
41,001
168,351
',943
24,556
290,425
156,180
1,629,546
26,371
267,530
1
to
Houghton Co.
Nov
30- ..
Street
1
17,159
36,024
118,218
223,065
41,123
224,046
26,765
98,164
16,104
32,962
129.821
1,248,146
36,380
201, 5S5
23,725
87,351
7,874
11,242
63,548
683,307
17,682
107,123
8,441
33,222
4,414
6,358
81,931
697,639
14,508
93,787
7,999
27,639
80,474
862,167
23,927
149,471
67,109
761,969
22,274
142,054
33,548
331,666
8,890
59,908
23,260
270,223
26,588
293 ,705
7,707
298,729
10,340
109,785
12,263
117,876
17,965
5,117
&
Nov
Land-b
l,3~5~l",85S
Gross Earn'gs
Previous
Current
Year.
Year.
$
24,830
24,178
246,097
2S0.008
143,464
121,861
35,454
48,292
41S.344
554,753
237,024
316,838
1
Honolulu Rap Transit
years,
•
Nov
ley
605,095
a Totals are nun April 17 1905. 6 Totals are from June 25 in both
c Totals are from July 1 in both years,
d These are results for
main line, c Totals are from March 1 in both years, g Totals are from
-.
in both years,
h These are the combined earnings of all the con!:]•
ituent companies.
tine to a strike and boycott.
iDe" e due to trie fad thiajl the Louisiana Purchase Exposition was open
ar.
y Spanish silver, z Totals are from May 1 in both years.
'
July 1 to Sep. 30...
Jan. 1 to Sep. 30. _.
East St Louis & Sub-Nov
r/96,942
1,491,047
161,158
1,605,550
137,156
76,387
203,232
127.740
70,095
32,708
47,405
1
115,704
972,934
Dunkirk & Fredonia.b
298,729
165,737
Jan
50,633
71,388
48,626
111,460
109,065
10,206
8,333
Nor Ohio TrctLt Co
Northern Tex Trac
293,705
!
401
77,110
59,244
125,395
124,131
10,439
8,846
10,125
13,439
18,037
26,196
2,243
19,932
147,388
11,103
Norfolk
'.
]
,31
10,210
I
e416,862
425,229
604,704
1,2 IS, 146
415. 123
384,960
6,845
29,359
1
Year.
$
7,740
104,232
57,225
I
177,997
1,223,065
538.50S
c98,Ki4
430,386
10,056
25,797
466,179
61,501
67,1-15
139,190
1
vki Wayne & Wab
Galveston Elecl Co
y Havana Elec Ry.
Rapid Tr
Net Earnings
Previous
Current
Year.
8
8,541
123,661
. .
80,809
L'ht
(
St
24,178
—
1
S
24,830
120,700
48,292
20,488
33,077
6,360
513,046
12,729
1 1,55(1
Noverr.
& Elect
Mil Elec
i
Chi
embi
November
November
November
Trac
Cons Kv
lent J'liiii
-Gram Earn'gsCurrent
Previous
Year.
Year.
Uui'h.
S
I'.ingbamton Ry.b_..Nov
20,488
18,434
Jan. 1 to Nov. 30...
254,573
230,385
July 1 to Nov. 30...
131,070
16,682
Cal. (his <V Elec. a
513,046
105,428
Jan. 1 to Nov. 30... 5, Oil, 588 3,617,537
Central Market St. (Cleve.)
12,729
Oct
9,055
Jan. 1 to Oct. 31
120,810
Central i'enn. Tract
Nov
46,556
38-679
Jan.
537,140
tp Nov. 30...
477,997
Charlej ton Consol. Ry.
Nov
53 ,549
& Elec.b
46,752
Mar. to Nov. 30...
456,001
416,862
Chic. & Mil. Elec
54,400
Nov
45,326
Jan. 1 to Nov. 30...
528,289
425,229
Cleve. Painesv.& E.a.Nov
16,709
18,057
Jan. 1 to Nov. 30. ..
225,246
208,655
Cleve. & Southw'n.b.Nov
46,254
41,047
•
Jan. 1 to Nov. 30-.
495,686
438,290
Col. Grove Citv & S.W.Oct
4,343
Jan. 1 to Oct. 31...
38,201
Col. London & Spring. Oct
21,278
19,026
Jan. 1 to Oct. 31
186,109
Dayt. Spg. Ar Urbana.Oct
20,123
Jan. 1 to Oct. 31...
186,279
Detroit United. a
Nov 415,777
368,791
Jan. 1 to Nov. 30... 4 ,685,840 4,153,942
Duliith St. Ry.b
Nov
55,153
51,924
Jan. 1 to Nov. 30. ..
602,328
565,458
date.
talent
[Vol. lxxxi.
Ry.
(Hancock, Mich.) ..Oct
Jan 1 to Oct 31
16,539
dl34,997
Houston Elect
.'.Oct
46,324
Aug 1 to Oct 31._137,566
155,382
g. Illinois Traction. a.Nov
Jan. 1 to Nov. 30. .. 1,491,047
Indianap. & East
Aug
24,469
Jan. 1 to Aug. 31
151,158
Internal. Traction Co. System (Buffalo).b--.Sept
430,386
Jan. 1 to Sep. 30-. 3,417,184
Jackson Consol (Mich) .Oct
10,056
73,463
May 1 to Oct. 31--25,797
Jacksonville Elect
Oct
259,595
Jan 1 to Oct 31
Kan Citv Ry & L-a.-.Oct 466,179
June 1 to Oct 31--- 2,160,215
61,501
Lake Shore Elect.a_.Nov
721,708
Janl to Nov 30
Nov
28,968
Lexington Ry.b
336,954
Jan. 1 to Nov. 30. ..
Manila Elec. Ry. & Light
42,500
Oct
Railway Dept
31,725
Oct
Light Dept
275,409
Mil. Elec. Rv. &Lt.b.Nov
Jan. 1 to Nov. 30. __ 2,929,068
45,962
Mil. Light Ht. & Tr.b.Nov
560,661
Jan. 1 to Nov. 30. .
232,635
Montreal Street Ry. . . Nov
Jan. 1 to Nov. 30... 2,551,783
482,423
Oct. 1 to Nov. 30...
59,401
Norfolk'Ry. & Lt.b .Nov
665,094
Jan. 1 to Nov 30...
77,110
Northern Ohio Tr&LtaNov
878,200
Jan 1 to Nov 30. __
59,244
North Texas Trac.b_.Aug
421,698
Jan. 1 to Aug. 31
124,131
Oakland Traction. b. .Nov
Jan 1 to Nov 30. _. 1,310,095
10,439
Oct
Olean Street Ry.b
106,525
1 to Oct 31__Jan
48,598
July 1 to Oct 31.-Nov
8,846
Orange Co. Trac
115,476
Jan. 1 to Nov. 30...
64,358
July 1 to Nov. 30...
10,125
Peekskill Lgt & RR.a Nov
58,655
July 1 to Nov 30.1—
Pitts. McKet spt .& GreensNov
13,439
burg Ry_b
168,751
Jan. 1 to Nov. 30. _.
19,932
Roch.& East. Rap. Ry. Nov
Nov 147,388
Rochester Ry.b
1,605,550
Janl to Nov 30
787,629
July 1 to Nov 30
11,103
Rockf.Bel.& Janes. a.Nov
137,156
Jan. 1 to Nov. 30..St. Joseph Railway, Light
Nov
64,095
Heat & Power
681,926
Jan 1 to Nov 30.-.
San Fr Oakland & San
Nov.
46,822
Jose Rv
485,963
Jan 1 to Nov 30...
49,907
Savannah Electric
Oct
481,666
1 to Oct 31-_Jan
Nov
14,725
Schuylkill Ry.a
132,736
April 17toNov30 .--
(.165,737 def. 10,439
38,639
96,942
129,598
1,139,019
22,237
139,077
19,158
60,132
73,256
667,860
11,437
59,230
384,960
228,045
1,636,475
3,364
30,793
10,255
109,035
215,491
933,856
27,509
327,879
10,006
134,930
1,124,796
6,845
52,949
29,359
240,681
54,336
605,095
25,787
274,040
2,917,760
36,524
423,710
204,554
2,305,225
426,830
50,633
604,178
71,388
819,115
48,626
359,840
109,065
1.146.9S2
10,206
90,787
43,046
8,333
109,207
60,404
.
21,250
15,034
147,914
1,516,169
27,106
327,666
79,007
1,008,214
187,114
25,385
268,318
33,780
406,963
23,520
182,686
59,762
637,076
4,856
48,886
25,239
2,337
39.S28
27,827
4,609
27,970
6,660
81,006
7,144
54,600
16,959
32,899'
63,849
511,190
11,925
66,385
191,766
1,288,183
2,101
17,711
9,402
93,445
22,370
204,828
10,346
141,196
1,461,612
19,703
223,847
70,706
894,094
171,345
23,209
246,982
32,468
373,673
22,49S
158, 1SS
'52,833
548,161
5,367
41 ,863
22,051
1,238
28,618
21,279
11,410
147,483
20,198
118,611
1,351,858
643,700
10,503
127,450
47,660
728,436
358,765
4,307
57,896
5,948
71,982
1,253
48,629
602,904
299,395
3,999
49,668
59,111
619,184
32,811
328,167
27,288
279,522
41.3S9
377,510
48,171
450,054
25,745
271,638
18,155
199,579
7,736
65,361
25,129
213,887
21,358
192,503
1,243
—
Dec. 30
o
:
.
.
.
.
T1IK CHRONICLE.
I
—
1845
,
i
i
Rental;
.
>
.
ir.
i
$
i
Jan.
Ocl
to Oct. 31
i
78
to Ocl :w
1
a
J.m
2.103.269
30.
.
419.122
Electric
to Ocl
1
31.
V>.
to Nov. 30...
1
12.1.!
ill.
1
Jan
30
\'o.
>
i
!
No.
to
1
78,0
30
.
12,886
417,818
354.201
226358
,126
Ry
n
31
<><-t
l
l
Interest Charges and Surplus.
tM
n
s
9TREET
earnii
a in
for inter
—
Int.,
/,'
1 :.',!'.<.
Current
Year.
Roads.
<£c—
Previous
Year.
$
Binghamton By
Nov
7,281
July 1 to Nov. 30...
36,1
Cal.Cas.
r/49,329
Jan.
to Nov. 30
d542s283
Charleston Consol.Rv. Gas
1
...Nov
i:;.n.7
lee.
Uar.l to Nov. :;o...
118,051
Clcve. Painesv.4r East Nov
6,658
to Nov. 30...
74,
Jan.
Detroit United
Nov
93,023
Jan. 1 to Nov. 30.. . 1,014,592
\
IS. 171
Dultr
Jan. 1 to Nov. 30...
188,347
1
-
S
7,035
34,844
448,958
d532,288
— Bat.
of
Net K'ngs.
2.237
10.407
Jan. 1 to Sep. 30. ._
Nov
Elgin AUrora & So
o.:s33
!yltoNbv30
El Paso Elec. Co
Oct
July.l to Oct. 31...
Galveston Elect (Tev. Oct
May 1 to Oct 31
Honolulu Rapid Transit &
Nov
Larid
40,505
3,816
15,041
4,167
)
Current
Year.
S
1,260
31,017
89,861
772/.I4
4,^42
,
53,100
]
3,753
36,121
9.015
27,116
4,107
34,335
.
Jan.
to Aug. 31
nat. Tract
item
1
13.03S
117,27.".
6,638
73,611
90,511
9S2.161
1. 2.',7. 393
let.
2.795
16,558
3,380
1 to Oct. 31--.
Jacksonville Elect
Oct
Jan
1 to Oct 31...
Lake Shore Elect
Nov
Jan 1 to Nov 30
9.S93
68.491
def. 531
I'm-,
Year.
Rv.
Mil. F.lec.
Jan.
705
22,381
;.; .7
1
c.
440,846
6,117
49.o.',ti
1,255
9,710
def.
7.78,850
Tl>9,412
£911,794
s685,256
ii.:
Mil.
181,505
2.93R
5,899
9,333
se.,025
10»,0
Mon
13,381
18. 1M
1
Norf.
'
.
No-. 30...
to
l'
4.74S
.772
19.307
214,193
1
•
.1
Aug. 31
to
(Taction
Jan
to
Oct 31. --
Nov 30
to
1
8,276
l;167
33
1,189,598
2,500
15.000
3.017
7,981
7.75s
33,051
.-95
89,307
399,082
569
Atlantic Coast
Baltimore
.
i
I
6,875
77.S96
7.105
103.433
2.711
30.71V.
20,404
221.412
5,611
62,679
1,968
dc/ls
4,735
1,0
09,
»
72.252
X686.96]
Z65.092
X641.629
1,697
1,937
i
96,162
l
I
l>s
1
.v-
& Qulncy .81, 1369
Now Or;
.. Pao.. .1432
Cleveland Lorain & Wheeling
l-is7
)ss
Cleveland lor. A Val
Colorado Fuoi & Iron
Consumers Gas, Toronto
Corn Products (Half- Year)
1313
cripple Crook Central
Detroit & Mackinac
1812
Domin. I. A- S. (5 mos. end. May ;;i) 1". 19
ol
Boston
F.lec.
III.
..
Edison
.1434
Equit. Life Ass.So.(statemM Sep.30)1663
.1X72
Fort Worth & Denver OMy ...
.1 132
Georgia Southern <t Florida.
ton
Granby Consul. Ban. Smelt & Pow
Greene Consol. Copper .
1313
Harbison- Walker Refractories
1789
inn
Hbmestake Mining
Independent Brewing, Pittsburgh.. 1490
International Paper
1313
Chlcago'Burlmgttm
i
CIncin.
:
i
.
>
I
.
88
249,14')
088
10.100
sn
I
nteroceanic Ity of .Mexico
Iowa Central
Iron Steamboat
Like Erie 4 Western ......
I.ehish
&
Lehigh
&
I
i
orp. (9 mos.)
Vicksburg shreveprirt ,t Pacific.
Virginia Iron (ml & Coke
Virginia &' Southwestern
Hudson
.
.
1435
1433
Westches. Llght'g (statem'l 3ep. 13)1
Western Maryland
While Pa.* & Yukon
York
1370
1
.
Wabash RR
;
Silk Mfg. (off. statem'l
—
N6v. 1)1608
Sin
is
Boston Elevated.
Boston Suburban Electric Cos
in & Worcester St. Uy
il. Ry.. Gas .v
Chat
7 2 li
1790
.
1701
Itlver.
(vllkesbarre Coal..
.1374
Louisville Henderson
St. Louis.. :i 12
Maine Central
1433
&
I
Mereenthaler Linotype
Michigan Central
Minneapolis & St. Louis
Mobile A Ohio
1
1722
I
17^0
1434
..
.
Montreal street Kv
City Rj
Now York
I
1
1430
17
1611
4h
1371
Railroad.
ling June 30 1905.)
The operations, earnings, balance sheet. Arc..
ROAD AND OPERATIONS.
Fiscal
for
5
1903-ei
292
1901-0.").
Miles road operated..
Operations
A.V. train-load t.tons')Earn. per pass. tr. m.l
292
—
Earn, per frt. tr. mill
le
Earn, per mile of ro
Rev. pass, carried
i
1902-(«.
283
$1.71
19,991 ,892
p< r
l
m.l!
ton i«r mile
1
!
0.6<
—
•lit
1904-05.
$
1,306,412
M.u!
2S0
$6,979
542,277
17.337,447
451,
!
I
\N1)
Earning*
202
•_'92
16.425,730
2.21
2.
2.25
1.594,911
11
204,510,829 200
0.72 cts.
0.69 Ctfl.
5
,37
1901-Oi
29S
$1.82
$1.76
.
mile
Fr'u'ht (tOIl^> car.
194,524
II
'
i
.
ioi
1
1662,
in-;
Tutted i:ioe. It\s. Ol London
.1372.
United Fruit
1548
United Gas & Electric of N. J
1548
1
Rat
,713
153,1
Company
Torrington
i
717..
i
.
J.
i
.
.
.
carrit d
/91.1I1
i
.
.11
.
17,:
.780
vVestern.1371
Pittsburgh
.11
1310,
I
NlverCoal (bal. sh. May 1).
Brewlns
rn
Raduc. thai. sh. Aug. 31)
1491
l'oix' Manufacturing
17_m
Pullman Co
1314
Rutland UK
i.
ioi
Republic Iron A Steel
Island
Grand
St. Joseph &
.1372
San Francisco
North Pacific
1400
Seaboard Air Line
t Sewing Machine (New Jersey) 1401
Southern Indiana
1547
Southern Paclflc.
1720.
Standard MlHIng
.1
Toledo Peoi
tern
do St. Louis ,v Western.
1431
l
inns
Buffalo Gas
Buffalo .t Susquehanna
dian Northern
Central Vermont
4 EUchmoi
,.ri.
-.
1546, 1558
1546, 1554
1311
Aroostook
Engel Brewing
A
Bergner
New York Susquehanna 4
i;ii
Line..
A Ohio
it
i
1312
1313
I
...1400
& Birmingham
Atlantic
—
.
Ann Arbor
14..
Lailway"
Railroads <ic.
NT evada-C:i lit. -Oregon
Now England Cotton Yarn
New Orleans & Northeastern .....1547
N. v. Con
,n River
Paqt
_1 (31
liio:
American Shipbuilding
American Typefounders
(Report
d
last editi
1903 04.
$
1,318,721
129
i.607
186,650
'720
CHARt.
1902-03.
$
I
1
,414,416
4lfl
;
1
33
I
52
2,6
j.
2.2
2,63]
25,
10.720
14,618
10,624
1.130
2,738
11.62T
Tot!
1,979,0:
1
1,094
liSI
Maint
ol
Mitiipment.
280,014
376,077
i-
41
70. Kill
966
ral
071
'
,002
311
14
557
to
I
Jar*
3,583
20,813
10.143
33.01
7.270
18,729
182.202
31
Jul
Jan
i72,339
1,3
2 1.910
292,024
Oct
1
owned and
.h
Olea
July
x63,170
87 dcf.46,560
37,81
43,1
—
American Cotton oil
American Halting
I
r
224.935
-
14.25S
,r5,970
3..V.1
;,OB7
Jan
stoi
.
34,908
18,871
n
..
to Nov. 30...
.1 to Nov. 30...
.".,175
47.2S2
4,723
22.074
Tr„ Nov
U9
4,625
77,653
834,387
Lt...Nov
H-.-...N"
•
Jan.
31.140
20,404
224,446
X14.265
60/
:;.353
M9
.t
,246,016
This index does not include reports in to-day's "Chronicle."
Railroads, d-c.
i
.r7,:!I2
Xl2,936
4ti,505
05,075
78,711
847,925
22,109
Nov. 30...
Light Ht.
283
13
1
lions.
.
Nov
,'.-
to
1
381.574
1
Alabama Groat Suit horn
Alabama & VlckSburg
S
20,om-_>
.21
lov. 30...
Ry
Lexington
,
ik97,aoa
1
It...
183
30...
O
209
.'
,208
luclu'li's sinking fund chat
Charges include dividend on preferred
Bangor
25,000
Jan
to No-. -30. ._
Hourrluon Co.
ty
(Hancock, .Mich.) ..Oct
Jan
1 to Oct 31...
Houston Elect
Oct
Aug 1 to Oct 31...
[ndianap. A East
Aug
Jackson
41
468,176
companies which have been published since the
ol"
the "Railway and Industrial" and "S
—
inia
Sep.
42,
467,842
Annual Reports.- --The following is an bid
1!
annual
reports of steam railroads, street railways and miscellaneous
with
.,
.hove or below those charges.
the surplus or
.
7,
05
ANNUAL REPORTS.
following
and net
also
ittg,
9,0
71.
trades union--.
property the results of
i.ui
— The
in additii
,
119
r.s
231,527
:
railway-
1
w:
is.
l
1 After allowing for other Income received.
After allowing for proportionate earnings of companies
//
miscellaneous deductions.
and steam heating proper!:
light
19,934
5,8
1
fc
a
Falling otT due to a strike and a boycott by
lerti'ic
150
30
13,970
29,395
Jan.
to
Twin City H
Jan. 1 to
a Net earnings uere given ate after deducting taxes.
b Net
irninga here given are before deducting taxes.
(I
.
.
4l.i
186,0
i,ss;,
1,8
18,910
10,480
loi.ooi
Haute Tr 6 Li Ocl
Jan
to Oct 3i
Tol.Bowi.Or, a South '
July 1 to Nov: 30
Nov
Toledo Kvs. A Li
(/
3,174
Nov. 30.
to
1
to Ocl
009
101,782
rerre
2,08;
28,
Jan.
30
El
Jan
;i
l'.>.42o
v
No\
137
.77
86,411
15.178
30,337
101, 166
81
Ti ins
i
to
I
33,848
18
18
2,359,4 10
I.
31...
to Oct.
8,922
20,880
2.207
1
711 ,531
,123
Belli
Jan.
if.
82,
N.o,
b
Jan.
146,'
I
31
1
Twin ai
I
69,184
us
,737,707
1
roledo St. Wesl
to Oct.
Jan.
Tampa
119,859
17.277
180.723
172.:
189.097
Tol
H
15,8
J.047
to Ocl
I
July
137,187
19,523
i
July
Urb
32,708
295,418
5
.
Jan
600
18.601
157
186,
Oct
$
$
n;
18,661
Oct. 81
to
1
I
,,\r.
)
|
Ocl
Seattle Electric
157
87,
-t
31.
037
187.412
I
1,586
to Oct
1
to
129,300
'
Jan
Tol.Bowl
625
731.621
1.9t 1.897
1.7 1:
Nov
to
1
.
b N
["ran
July
.i.
232, S28
...Oct
Jan
".'*.
Scranton Kv
76
S'tun—
Nei
rrrnl
Scranton K.
1
1 1
i
Nov. 3
and &
1
April 17 to
29/
13,425
11. His
n
-
i
,:...
Nor 30...
1.7
38,1
>
toy
105 034
5.500
39,347
Total
1.17
686,229
on bonded debt.
Other Interest, Ac...
.
H8
Cr.
I
Cr.
I
54
I
916
0,000
Int.
no
IO.i
1,887
i.l
.
in
is:,
51
112
105.017
Total
"11
iridiis.
175
000
^7
THE CHRONICLE
1846
CONDENSED BALANCE SHEET JUNE
30.
1005.
1904.
1905.
Liabilities—
$
$
8
Itoaii and equip.. 14, 483,805 14 476,796 Common stock... 3,250,000
104,950 Preferred stock... 4,000,000
144,453
Supplies & ruatfls.
Bonds
40,000
7,000,000
Securities
697.506
446,897 Interest due
76.490
("ash
48,317
Vouch. & payrolls
187,307
Cash In "transit, &c
199,725
219,612 Sundry RRs. and
Kea est. & tracks
108.278
Individuals
21,285
55,474
Due from agents. .
9,420
9,395 Taxes accrued not
Due from U.S
1,484
due
21,000
Due from l'ac .Exp
Grade separation
Sundry Kits, and
Individuals
84,740
102,264
Ann Arbor
40,000
Bal. to Income ace. 1,167,359
—Total
V.81,
15.763,442 15,529,676
Total
1904.
8
3,250.000
4,000,000
7,000.000
77,120
222,583
21,000
15,763.442 15.529.676
INCOME ACCOUNT,
For Fiscal Year ended June 30 1905.
.$590,057 Net earnings
202,911 Other income
$446,161
..
Gross income
NMfci
Main, of
$446,441
Deduct —
Net earnings
CONDENSED BALANCE SHEETJJUNE
Liabilities
if-
$ 30,000
Total
$1,756,189
—
30 1905.
.$
mortgage bonds
Vouchers and drafts aud.
Pay rolls and unpaid
wages
First
Total
500,000
467,000
271 ,837
55,041
51,233
411,078
Traffic balances
Profit and loss.l
Liabilities
$8,269,820
j Assets,
now
$219,820
7,000,000
50,000
1,000,000
$8,269,820
ft
This amount
Northern Street Ry.
Net earnings
Otherincome
Assets
Co.
—
1905.
1904.
Liabilities—
Capital stock
cash A merch.. $1,058,528 $1,119,039 Notes and
Land, bldg. &
payable
mach
450,000
1905.
1904.
81.200.000 81.200.000
acets.
82,497
226.030
518,954 Surplus
lui
Total
$1,508,528 81,637,993
-V. 81, p. 1612. 1552.
Total
306.403
131,589
81.508.528 81.637,993
Realty Associates, Brooklyn, N. Y.
(Report for Fiscal Year Ending Oct. 31 1905.)
The
directors,
under date
of
Nov. 27, say:
The company has been
active during the past year and has both
bought largely and sold largely in an active market. With the additional $1,000,000 made available by the increase of capital during the
year, the company has departed to some extent from its former policy
of buying improved properties on the basis of their earning value, and
has bought considerable unimproved land in promising locahties. These
investments bid fair to be profitable. The company has bought during
the year properties costing $3,086,896, comprising 206 dwellings, 71
flat buildings, 72 store and flat buildings, 8 stores, 31 unimproved
plots; and has made sales of other properties amounting to $2,085,775,
namely: 63 dwellings, 34 flat buildings, 53 store and flat buildings,
store and 5 unimproved plots.
1
The holdings now consist of 538
dwellings, 95 flat properties, 154 store and flat properties, 39 stores, 6
stables, 25 unimproved plots
a total of 857 properties. The company
has invested during the year $446,525 in mortgages, and the total mortgage investments are now $593,245, exclusive of purchase-money mortgages. The year's business has been profitable, the total net income
after settlement with the profit-sharers being equal to 15% of the capital.
The four-story dwelling No. 176 Remsen St. was bought, remodeled for office purposes, and on Oct. 1 the company movedj.into
permanent quarters.
—
of
income account and the balance sheet
1
follow:
STATEMENT FOR YEAR ENDING
1905.
$
Total receipts
Deduct
Real estate expense, less charged to
capital for betterments
Int. on bonds & morts. payable..
General expense
—
OCT.
31.
1904.
$
1903.
$
487,930
55,826
463,429
49,078
467,719
43,328
90,428
14,894
334,732
72,596
21,817
66,997
1,056,263
616,368
496,142
211,987
106,035
52,221
Dividends
(6)222,328
Amt. reserved for profit-sharers..
103,925
199,211
149,849
108,096
63,284
38,541
31,262
(5)150,000 (2^)75,000
20,911
25,791
Total deductions
696,495
521,639
340,306
Balance, surplus for year
359,767
94,729
155,836
Dividends Increased. An additional $1 ,000,000"of capital was paid in in
instalments from Jan. 15 to April 15 1905. On April 15 1905 the regular
semi-annual dividend was paid on the old capital of $3,000,000.
and interest at the same rate was paid on the instalments of the new capital, and the entire $4,000,000 of capital began April 15 on a uniform 5%
dividend basis. In October 1905 it was decided to increase the dividend
rate to a 6% basis, or 3% semi-annually.
The regular semi-annual dividend of 3% was therefore declared payable Oct.' 15 1905, and in order
that the dividends of the year then ending should amount to 6% for the
year, an extra dividend of J^ of 1% was declared at the' same time.
The
old capital, therefore, received 6% for the year and the new capital
for the half-year.
It is the intention that the entire capital should now be
considered on a 6% basis. (Official statement furnished to "Chronicle"
under date of Dec. 12.)
3^%
(For Fiscal Year ending Sept. 30 1905).
Gross earnings
Operating expenses
Woven Hose & Rubber
(Balance Sheet Aug. 31 1905.)
2H%
Total
—
&
.$2,087,042 $2,031,038
—
—
$417,868: liabilities, $208,339; net. $209,529
held by Treasurer. V. 81, d. 1316.
Boston
Total...
$1,756,189
Mexican Federal Gov't.. $209,820 Subvention account
Construction account
7,062,239 Mortgage bonds
Orizaba office
7209,529 G. Sanchez de Cerdan
ReceiverMaryland Tr.Co. A128,000 Capital stock
Deposit accounts
61,431
Oper. acct. (profit & loss)
74,778
L. S. Zimmerman, Treas.
524,023
Total
231.038
79. p. 2590.
Interest on bonds and mortgagesProfits on sales of real estate
Dividends, commissions, etc
Vera Cruz &{Pacific Railroad ^
(General Balance'Sheet June\30 1905.)
(United States Currency.)
Assets
— V.
Receipts 7 from rents
Capital stock
287.042
loss
550
$411,078
81, p. 728.
I;,
730,118 Profit and
1,144.269
100
$2,087,042 $2,031.0381
5,363
$446,161
Cost of road
$1,190,445
Rolling equipment
149,536
Materials and supplies
27,123
Agents and conductors..
35,880
Individuals and comp's.
197,979
U. S. Gov. (frt. and pass)
2,706
Cash
152,520
Total
The statement
ways and struct. $ 66,427 Interest on bonds
Maintenance of equipment 50,651 Taxes
Conducting transportation 259,193
General expenses
14,544
Balance, surplus
Operating exp. (46,69%). 390,815
—V.
280
44 ,008
3836 ,976
Miscellaneous
$100,000
50,000
955,847
980,545
100
550
Bills receivable
to hold the transferred freight.
This condition caused great inconvenience.
Your board therefore considered it important that the
Tonopah RR. be broad-gauged. The preparation of the roadbed and
ties for the change was practically completed during the fiscal year,
but the actual movement of the rail and change of gauge did not occur
until after the close of the fiscal year.
Consequent upon the change of
gauge, your company has on hand a quantity of narrow-gauge equipment
in excellent condition which it is hoped will realize a considerable sum
in reduction of the cost of the broad-gauge equipment which has been
supplied.
The Goldfield Railroad (V. 81, p. 728) has been under construction
during the latter part of the fiscal year as a broad-gauge railroad, and
was opened for traffic after the close of the fiscal year.
•
Machinery
Material on hand.
Cash &. debts rec.
Trade marks
1904.
Boston
Tonopah Railroad.
Total earnings
30 1905.
Liabilities—
1905.
1904.
$100,000 Capital stock
$1,000,000 $1,000,000
50,000 Surplus
800,000
800,000
1905.
939,999
(Report for Fiscal Year ending June 30 1905.)
President John W. Brock says:
In Oct. 1904 your officers were informed that the Southern Pacific
Co. was to broad-gauge its line to the point of junction with the road
The delays in the movement of traffic caused by the
of your company.
necessity of transferring the freight inbound from the broad-gauge cars
to the narrow-gauge cars, and vice versa, was so great that at times
the accumulation of the broad-gauge cars grew to hundreds, necessitating
the equivalent capacity of narrow-gauge cars of three times the amount
,
BALANCE SHEET SEPT.
—
Assets
Real estate
-
18,974
p. 973.
Freight
Passenger
Mail express .etc
[Vol. lxxxi.
1904-05.
$3,961,954
2,615,743
1903-04.
$3,750,968
2,641,579
$1,346,211
$1,109,389
15,445
BALANCE SHEET OCT. 31.
1904.
1905.
1905.
1904.
Liabilities
Assets
8
8
8
8
Cash
24,320
12,057 Capital stock.
4,000,000 3,000,000
Real estate
6,800, 159 5,706,820 Mortgages payable.. 3, 344, 075 2,953,225
Mortgages
437,904 Notes payable
75,000
1,123,271
20,000
Stocks and bonds. .
148,927
236,289 Reserve tor expenses
36,283
57,238
Real estate contracts
72,904
9,994 Sundry accounts
21,835
9,541
Tools, nxt's & supp's
4,157
1,753 Reserved for profit3,422
1,673
sharers
103.925
46.060
Due from tenants
12,500
Int due & accrued .
11,993 Undivided profits... 291,442
25 1 79
Water rates & taxes.
19.171 Surplus
400,000
319,175
23 1 47
Sundry accounts
14,130
13,029
—
—
.
,
,
Total assets
.8,238,515 6,451,785
Total
liabilities. .. 8,238,515
6,451,785
John D. Hicks, President; Frank Bailey, Vice-President,
Clifford S. Kelsey, Second Vice-President; Henry A. Frey, Treasurer.
Office No. 176 Remsen St., Brooklyn.— V. 79, p. 1334.
Officers:
~ Total
income
Fixedcharges
Dividends
$1,346,211
$1,124,834
$909,639
$935,953
(2%) 203,200 (2H%)241,500
Balance
$233,372
Def. $52,619
See report of Massachusetts Electric Companies in V. 81,
p. 1720, 1721.— V. 79, p. 732.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Old Colony Street Ry.
(For Fiscal Year ending Sept. 30 1905).
—
Alaska Central Ry. New Mortgage. This company's new
mortgage, recently filed to the Western Trust & Savings
1904-05.
1903-04.
Bank of Chicago, as trustee, authorizes the issue of not exGross earmngs
$2,380,854
$2,319,996
ceeding
$30,000,000 of first mortgage 5% gold bonds dated
Operating expenses
1,612, 195
1,632,469
April 1 1905 and due April 1 1935 (tax free), to provide for
Net earnings
$768,660
$687,527 the construction and equipment of the company's proposed
Other income
101,207
97,833
line from the town of Seward, on Resurrection Bay, Alaska,
Totalincome
$869,867
$785,360 to a point on the Yukon River, with all branches and extenFixedcharges
$604,725
$564,318 sions thereof now owned or hereafter acquired. Of the auDividends
(2)146,248 (3%) 204,378
thorized issue, $1,850,000 is to be executed forthwith and
Balance
1
$118,894
$16,664 the proceeds used to assist in paying the cost of constructing
See report of Massachusetts Electric Companies in V. 81, the first 50 miles of the road also the permanent office building and terminal site in Seward. The remaining bonds are
p. 1720, 1721.— V. 80, p. 1235.
,
issuable as follows:
Boston Belting Co.
„
The
(Report for$Ycar£ending*Sept. 30Jjl905.)
report presented at the meeting on Nov. 29
shows:
Profits for the year, $79,662 (contrasting with $104,000 for the year
1903-04); miscellaneous receipts, $2,570; total, $82,232; deduct divi-
dends, L 8%, $80,000; bad debts, $4,725;
deficit,
$2,493.
(1) $35,000 per mile for each mile of completed main track; (2) 75% of
actual cost in place of all terminals, freight yards, side tracks, switches,
shops, round houses, office buildings, wharves or coal bunkers acquired or
purchased; (3) 75% of actual cost of all tunnels, rockwork, trestles, abutments, piers and bridges where the same in any one mile exceed $25,000;
V.
(4) $30,000 per mile for each mile of completed second main track.
81 p. 1790. 1370.
—
— —— —
Dec. 30
—
———
—Stockholders'
consisting of George P. Butler,
Adrian 11. Joline and John Harscn Rhoades has Bent
circular to the shareholders asserting that the saving of
1280,000 yearly to be affected through the retirement of
110,000,000 bonds bj the new bond issue which is convertible into D. A H. stock should go to increase the dividends on the Susquehanna's 13,500,000 of capital stock.
The circular ami agreement may l>e had from Charles 1\
The
Coaney, No. 35 Wall St., Secretary of the committee.
United States Trust C>k, t,"> Wall St., is the depository.
V. SO, p. 1362.
Allegheny Valley Ry. Exchange of Stock. The Pennsylvania RR. Co., having elected to acquire the preferred
shares deposited with the Union Trust Co. of Pittsburgh,
last-named corporation will, on and after Apr. 2 1906,
shares
deliver
s shares of Pennsylvania RR. stock for
of Allegheny Valley preferred, upon surrender of the reV. 81, p
1663, l.">49.
ceipts for deposits.
A committee
—
1
•_'
'
—
—
Railways, Philadelphia. Purchase.
W.
E.
Co. of Philadelphia announce by circular the sale
to this company of a controlling interest in the stock of the
Scranton Railway Co. (total outstanding issues. $2,000,000
and $1,500,000 5'^ cumulative preferred), and the offer to
the minority holders of the same terms as those received for
the majority shares, viz.:
"id "J
American
Clark
<Y.
Common
stock, at par. 550 per share, payable $25 cash on Jan. 5 1906
and $25 cash on or before Dec. 15 1906.
will give its notes,
bearing
">
c
o interest
per
The American Railways Co.
annum from
Dec. 15 1905 for
the deferred payment secured by the common stock purchased.
.
We
will
hold these notes and said stock as collateral, and will issue our negotiable
certificates of participation in the loan to the holders of common stock
entitled thereto, reserving the risht, however, to sell the notes at a price
sufficient to pay the certificates of participation at par and accrued interest.
Preferred stock, at par, $50 per share, payable in 5% registered gold
by the New York Trust Co. of New York, under
agreement with the American Railways Co., and secured by deposit with
said trust company of preferred stock of the Scranton Railway Co.
equal in par value to the certificates issued. These certificates will be
dated Sept. 1 1905, the date of the last preferred dividend, and will
mature on Sept. 1 1935, with the right of purchase at any semi-annual
payment date after March 1 1907, at the option of the American Railways Co., at 102
together with semi-annual payments due thereon.
—V. 81, p. 104:?.
trust certificates Issued
1
1
-..
Aurora Elgin
;
,
&
—
TIIK ('IIKM)NI(M.K.
l«i0."i.|
& Susquehanna RR. — Dividends
Albany
Committee.-
———
—
——
Chicago (Electric^ Ry. Consolidation.
of Dee. 23 quotes President L.
The "Cleveland Leader"
—
J.
1847
preference also a9 tO capital)
at
lOd. per share.
1*1
Divi-
dends are payable half-yearly, 00 Jan. 18 and Juh
1
6
.
and
the present issue will he entitled to the full half-year's dividend payable on July 15 next. The shares^when fully paid,
will he oonverted into stock.
uj
\ circular gives the following information:
Capital
lotal limited to
Total
Authoriied.
£] 16,000
£1,000,0000
umulatlve perpetual preference stock
I
IMS'
{full pa
i'l 15,000
(mutative perpet ual preference shares ol
now
each
186,000
offered
non-cumulative preferred ordinary stock
300,000
800,000
Deferred ordinary stock
0,000
800,000
100.000
and deferred ordinary shares of £1 each
There have also been issue.
lebentures as follows: First mortdehentures, £240,400; Vancouver power debentures of £230,000.
The company has outstanding £100,000 69! --year promissory notes,
maturing April 15 1806, and it is for the purpose ol retiring these notes
and to provide funds for the further capital extensions required by the
business that the present issue is being made. The total nominal amount
of the cumulative perpetual preference shares or stock cannot, without
the consent of the holders of such shares of stock, exceed the amount paid
up on the preferred ordinary stock and shares, which in turn must not
exceed the amount paid up on the deferred ordinary stock and shares for
the time being outstanding,
An EngUab limited company, incorporated In 1X97; owns and upcian electric railwaj system in the cities and districts of Vancouver,
Victoria and New Westminster, and by agreement with the Canadian Ps
dfic Ry. has electrified and now operates that company's line between
Vancouver and Bteveston. On June 30 last it was operating ">i 't miles of
fully-equipped electric railway, exclusive of the line between Vancouver
Number of passengers carried last year, 10,:*.VJ ,1 ">l an
and Bteveston.
increase of 1,482,965 over the previous year. Also carries on an electric
light business in the cities and districts named, other than New Westminster.
The service in Vancouver, New West minster and Steveston
has been carried since June 1 by the power derived from the water-power
installation of the Vancouver Power Co. (entire share capital owned).
thus realising a large saving in operating expenses. The power installation
has a present capacity of 9,000 horse-power. The net earnings for the
years ending June 30 were: In 1903, £56,703; 1904, £72,134; 1905, £84,977. Estimated results for year ending June 30 1906: £105,000. Deduct
bonus to employees, capital amortization charge and London charges last
year amounted to £11,997; debenture interest, £20,718; dividend at 5%
on £300,000 5 r cumulative perpetual preference stock (including present issue), £15,000; balance, surplus, £57,285.— V. 81, p. 612, 558.
.
jl'
i
|
.
;
—
Brooklyn Rapid Transit Co. Official Statement. In connection with the listing of an additional 83,042,000 of the refunding bonds on the Xew York Stock Exchange, President
Winter has prepared a statement giving the facte regarding
the issue of these bonds to date, together with the earnings,
balance sheet, &c. The statement will be found on a subsequent page of this issue. V. 81 p. 1722, 1664.
—
,
—
On June 30 1905 there
were outstanding S3.012.196 ear trusts, contrasting with
§3,576,602 on June 30 1904. None, however, of the equiping ten
The consolidated companv shall bear the name of the Aurora Elgin ment covered by these car trusts is included in the com& Chicago RR. Co., and shall have outstanding an issue of $3,100,000 ot pany's equipment in its annual report. V. 81, p. 1174, 1170.
preferred stock, bearing for the first three years from the date of consoliEquipment Bonds. A trust
Central RR. of New Jersey.
dation fixed quarterly cumulative dividends at the rate of 5°1 per annum, |£
and thereafter of 6% per annum, and S3. 100, 000 of common stock; of agreement dated March 1 1905 authorizes SI. 500,000 4%
the S3, 100, 000 of preferred stock, SI, 800.000 to be issued pro rata to the gold equipment bonds Series D, payable $150,000 annually
holders of the SI .500,000 of the preferred stock of the Aurora Elgin &
on March 1 from 1906 to 1915 inclusive. This trust covers
Chicago Raihvav Co., and the remaining SI ,300,000 preferred stock shall
be issued pro rata to the holders of the 82,000,000 of stock of the Elgin 12 consolidation locomotives and 10 six-wheel switching
Aurora & Southern Traction Co.; that $3,000,000 of common stock of locomotives, 25 coaches, 5 combination cars, 500 box cars,
the consolidated company be issued pro rata to the holders of the $3,000,- and 1,000 steel hopper cars. Total cost
$1 ,809 ,820, of which
000 common stock of the Aurora Elgin & Chicago Railway Co., and the
None of these
remaining $100,000 common stock be exchanged for all of the stock S309.820 paid in cash at the time of delivery.
of the projected line to the cemetery.
bonds has been sold. (In the editorial on "Car Trusts" in
This means that the holder of 100 shares of the present preferred stock last week's issue the only portion of foot-note " p" referring
of the Aurora Elgin A Chicago Railway Co. will receive 120 shares of
stock, bearing
new preferred
dividends from the date of consolida- to this companv are the words: '"there is also $1,500,000 in
"
The holder of 100 shares of the treasury," being this series I)).— V. 81, p. 1241, 971.
tion and 6 c r dividends after three years.
Elgin Aurora & Southern Traction Co. stock will receive 65 shares of the
Chicago Burlington & Quincy RR. Called Bonds. Burnew preferred stock. The holder of 100 shares of the common stock of
the Aurora Elgin A Chicago Railway Co. will receive 100 shares of the lington & Missouri River RR. in Nebraska non-exempt 6%
new common stock.
bonds due July 1 1918 have been drawn for payment as
Immediate and continuous payment of the dividends on the new pre$179,000 bonds for $1,000 each and $20,400
ferred stock will be assured by the fact that the present earnings of the follows, viz.:
properties will provide for the dividends (and leave a surplus of $55,000 bonds for $600 each; they will be paid at the office of the
c
on the $3,100,000 of common New England
par annum, equivalent to about l 3 i
Trust Co., Boston, on Jan. 1 1906.
These figures do not take into consideration the normal growth
stock).
Xew Subsidiary. See Denver & Beaver Valley below.
of the properties, the benefits and economies resulting from the consolidation, nor the benefits sure to accrue to the property. from developments V. 81, p. 1664, 1436.
now under wav.
Chicago Milwaukee & St. Paul Ry. Change in Rates
The floating debt of the Aurora Elgin A- Chicago Railway Co. and the
Elgin Aurora A Southern Traction Co. will be provided for by obligations Revised Statement.
The following revised statement has
of the consolidated company.
V. 81, p. 1790, 1099.
been returned to us:
Austin (Tex.) Electric Ry. See Austin Traction Co. beThe company on Dec. 12 withdrew its rate of 28!^ cents from the
Wolfe
as stating that he has
of the Elgin Aurora
&
Canadian Pacific Ry.
recommended
the consolidation
Southern Traction Co. on the follow-
Car Trusts.
—
~> L
—
',
—
',
—
—
low.— V.
—
79, p. 1704.
—
—
I
><
— V. 81, p. 1174.
Companies.— Bonds. — See Wal-
Boston Suburban Electric
Street Ry. below- V. si. p. 17'JO.
Preference Shares
BritiBh Columbia Electric Ry., Ltd.
This company recently offered is London £185,000
Offered.
5% cumulative perpetual preference shares of £1 each (with
tham
—
Missouri River to Liverpool, effective Jan. 1 and, after conference of the
executive officers of the Gulf and Atlantic lines it was announced that a
differential of 3J-3 cents from Omaha and 4 'i cents from Kansas City
against the Atlantic seaboard lines in favor of the Gulf lines would be
ii
a six-months' trial beginning Jan. l, replacing respectively the
cent differentials recently enforced.
cent and r><
V. 81, p. 1791,
1664.
,
—
Austin (Tex.) Traction Co. Xew Corporation. This company was incorporated under the laws of Maine on Dec. 4
with $500,000 capital stock, presumably to control the
Austin Electric Ry. Officers at time of incorporation were:
President, H. If. Heath, Augusta; Treasurer and Clerk,
V. 79, p. 1704.
C. L. Andrews, Augusta.
Boston & Lowell RR. Refunding Bonds. The shareholders will vote at the annual meeting on Jan. 3 on a
proposition to issue not exceeding $500. 000 of 20-year
bonds, dated Nov. 1 190G, to bear interest at a rate not
exceeding 4% per annum, payable semi-annually, and to
give the directors authority to issue and sell the same, the
proceeds to be used in paying the bonds, amounting to
$500,000, due Nov. 1 1906!— V. 81, p. 725.
c.
Boston & Maine RR. Merger of Svb-Companiee.—i ta
20 the stockholders of the Newburyport R.K. and the Danvers RR. voted to sell the roads to the Boston A Maine, to
which they have been leased since their construction. The
Newburyport road is 26.98 miles and the Danven road 9.26
miles in length.
—
—
1
..
—
,
'
& Dayton Ry. Receiver's CertifiPayments.—A\ Kno.willo, Tenn., on Dec. 28.
Cincinnati Hamilton
cates
—Coupon
Judge H. H. burton of the United States Circuit Court of
Appeals granted an order permitting Judson Harmon, receiver of the Cincinnati Hamilton & Dayton and IVre
Marquette Railroads, to borrow $900,000 with which to
meet interest on outstanding bonds. The following coupons due Jan.
1906 are accordingly advertised to he paid
upon presentation at the oflice of J. P. Morgan a- Co., 23
Wall St., New York:
11. A I). Ry. M Mortises 4H"/ bonds, due M>:t7.
c. B. a D Ry. Refunding Mortgage 4^ bonds, due
1
f
1
Mortg
bonds, due 1911.
1st and Refunding t-. due L963.
Marquette Kit. Consolidated 4s, due 1951.
Marquette RR. Refunding 4s, due loss.
Dayton a Mich.
On. Ind A w.
Pen
Pen
Compare
1st
rk.
V. 81, p. 17<)1
,
1723.
Cleveland Cincinnati Chicago & St. Louis Ry. See Indiana Harbor UK. below. -V. Bl, p. 1664, low.
[>eri.iions.
Cleveland Electric Ry.
The Supreme Court of
Ohio on Nov. 28 decided in favor of the Forest City Ry. the
property owner, to restrain the
suit brought by A. J. Day,
—
t
TIIK CHRONICLE.
I«4W
construction by
Ave, on
1 1
j : 1
1
of its proposed line OB Demon
pad not obtained the consent of
company
the ground that
it
[Vol. lxxxi.
Indian
B itton ami Warren.
It is of the highest quality of pen
nenl construction.
All culverts and \>rl.
It is bethai ii will handle a big busin
that naturally will give a
'1 he company's equipmen
st rojiK impetus to affairs at Indiana Harbor.
includes ten locomotives now in use, while twenty consolidated engines
lion at Dunkirk, 1,000 box cars and 3,000 coal cars.
The p
equipment embraces two trains of six ems each.
i
,
property owners ri presenting a Doajorijby of tin- foot frontage,
on the avenue.
Construction, however, is prevented by an
injunction granted by the Common Peas Court in an action
brought by William M. Raynolds, as a tax-payer, who
If a decialleges the ordinance was not legally advertised.
sion favorable to the tHree-centrfaxe company is l&anded
down in the laller case, an appeal will likewise he taken to
the Supreme Court.
Judge Tayler,in the United Stages Circuit Court on Dec. 4
filed the formal decree enjoining the Forest City Street Ry.
from taking possession of the Central Avenue route under the
ordinance passed Jan. 11 last, on the ground that the ordinance is invalid because it authorizes the taking of property
without, due process of law, notwithstanding that, as previously held by him, the franchise of the Cleveland Electric
Ry. expired on March 22 last.— V. 81, p. 725.
i
.
The
officers are:
President, "William
II.
Newman;
I).
W.
Pardee, Secretary, and Charles F. Cox, Treasurer, both
with headquarters at the Grand Central Station, New York.
Compare Cleveland Cincinnati Chicago & St. Louis Ry. in
V. 80, p. 1911.
—
Colorado Southern New Orleans
New
Pacific RR.
The shareholders on Dec. 30 voted to increase the
Stock.
capital slock from $7,000,000 to $12,000,000. Compare V.
81, p. 1664, 1430.
Indiana Northern Traction Co. Sale. Chandler Bros. &
Co. of Philadelphia have sold the $&QQ,Q00 (rf capital stock,
of this cpmpany (which op
Mario. and "Wabash, 20 miles, connecting with the Indiana Union at .Marion
and the Ft. Wayne & Wabash Valley systems at Wabash), to
the Indiana Union Traction Co., that company guaranteeing
r
the principal and interest of the §500,000
gold boi<
These bonds are dated 1903 and due (Jet. 1933, but subject
to call at 105 and interest on six weeks' notice; interest payable April and October; denominations $100, $500 and SI ,000;
trustee Trenton Trust & S. D. Co.— V. 78, p. 1223.
Columbus (Ohio) Railway & Light Co. First Dividend.
The directors on Dec. 23 declared a dividend of 1% on the
Indiana Union Traction Co. Purchase. S< e Indiana
Northern Traction Co. above. V. 79, p. 2455, 1266.
~>
'<
&
—
—
—
stock, payable Jan. 15 to stockholders of record Jar* M.
p. 1723.
capital
—
V. 81,
Indianapolis
& Susquehanna
RE,, above.
— V. 81, p.
1610,
1550.
&
Martinsville Rapid Transit Co.
Consoli-
—
Interborough Rapid Transit Co. Plan of Merger. Formal announcement was made on Tuesday that an agreement
has been reached by Thomas F. Ryan and August Belmont
for the organization of a holding company to merge the interests of the Interborough and Metropolitan companies,
and that a plan providing for the exchange of stock is now in
preparation and will shortly be made public. The new holding company will have a share capitalization of at least
$135,000,000 (of which $52,000,000 will be 5% cumulative
—
&
Beaver Valley RR. Subsidiary of C. B. & Q.
This company was recently incorporated as a subsidiary of
the Chicago Burlington & Quincy to build 100 miles of line
from Oberlin, Kan., to Uray, Colo.
Denver
—A
—
meeting of the shareholders has been called to
vote upon a proposition to consolidate with the Indianapolis
& Northwestern Traction Co.— V. 81, p. 975.
dation.
& Hudson Co. Demand for Increased Dividends
Delaware
— See Albany
i
i
Detroit United Ry.— Listed.
The New York Stock Exchange has listed $525,000 additional first consolidated
mortgage \
bonds of 1932, making the total listed to
date $11,367,000. These additional bonds were issued for
betterments and improvements to the extent of 75% of the
cost of such expenditures.
V. 81, p. 1043, 613.
A%
X
preferred), in case all the shareholders of the constituent
properties accept the terms offered.
—
The official statement regarding the amalgamation is as
Duluth Rainy Lake & Winnipeg Ry. 5% 10- Year Gold follows:
Mr. Belmont and Mr. Ryan, after consultation with their respective
Bonds. Eversz & Co., Chicago and New York, have pur- associates,
have approved a plan for the union of the Interborough and
chased $2,000,000 5% gold bonds of the above company, Metropolitan interests, which will be formally submitted to the stockdated January 1906 and running for 10 years. This road was holders of the corporations involved as soon as the lawyers have comformerly entitled the Duluth Virginia & Rainy Lake Ry. pleted the necessary papers. The plan contemplates t) ^'organization of
new company which shall issue its securities in acquiring the shares of
The bonds are secured by first mortgage on 28 miles of main athe Interborough, Metropolitan Street
Railway and Metropolitan Securities
companies upon the following terms:
line, 40 miles of spurs and 17 miles in yards and sidings now
completed and in operation. The proceeds of the issue are to For every share of Interborough stock, new collateral trust 4>£%
bonds, secured by the deposit of Interborough stock
S200
be applied to the construction of an extension north from
New common stock
90
present terminus to a connection with the Canadian Northern For every share of Metropolitan Street Railway stock, new
cumulative preferred stock
100
Ry. at International Falls, on the United States and CanaNew common stock
50
dian boundary, giving that railway access to the head of the For every share of Metropolitan Securities stock (with 875 per share
Great Lakes at Dulut'h and Two Harbors.— V. 81, p. 1791.
paid), new common stock
85
•
—
—
I
It is confidently believed that the proposed arrangement will not only
be beneficial to the stockholders of the corporations involved, but that
it will be advantageous to the city and to the public.
It is admitted in
this connection that the transportation facilities in this city are already
rapidity,
comfort,
of
equipment
and low cost of
superior in
character
Elgin Aurora & Southern Traction Co. Consolidation
Plan. See Aurora Elgin & Chicago (Electric) Ry. above,
—V.
—
78, p. 102.
—
travel for long distance to those of any other city in the world.
Yet
they should be further greatly improved by reason of the greater opportunity now offered to co-operate harmoniously with the city in providing
for important extensions and additions to the facilities of travel within
the boroughs of Manhattan and The Bronx.
Erie RR.
Sale of Equipment Bonds.
Drexel & Co., Philadelphia, have purchased $7,000,000 of this company's
equipment trusts, the contract of purchase having been
signed two or three months ago.
V. 81, p. 1665, 1610.
4%
—
Forest City Street Ry., Cleveland. Decisions.
land Electric Ry. above.
V. 80, p. 1971.
—
The aforesaid terms of exchange will require the issue
new securities as follows in exchange for the share capital
—See Cleve-
of
of
the old companies:
Will Be Issued
—
—
Co?n.St'k.
Amount. CoLTrAMs Pref.St'k.
For Existina Stock
Interboro. Rap. Tran.835,000,000 870,000,000
S31,500,000
§52,000,000 26,000,000
Met. Street Railway.. 52,000,000
Gainesville Midland Ry.
New Mortgage. The mortgage
recently made to the Savannah Trust Co. as trustee, secures
an issue of $1,000,000
gold bonds of $1,000 each, dated
Nov. 1 1905 and due Nov. 1 1935, but subject to call as an
entire issue on 30 days' notice at 110; interest payable May 1
and Nov. 1 in Savannah. Of these bonds, $675,000 are outstanding; $14,000 being held to retire a like amount of underlying liens.
The remainder of the issue of new bonds,
$325,000, is reserved for extensions. An extension from Jefferson to Athens, Ga., 19 miles, is under construction.
George J. Baldwin, Savannah, Ga., is President. V. 81,
p. 1550, 1375.
,
5%
Met.
Securities
(75% paid
Co.
in; pres-
ent amt. paid
50%) 30,000,000
25,500,000
$117,000,000 S70.000.000 852,000,000 883,000,000
Total
of the Metropolitan Street Ry. who do
not accept the terms offered, it is said, will have to look to
the Metropolitan Securities Co. for the maintenance of their
7% dividend.
An underwriting syndicate, it is understood, will be prepared to take from the shareholders of the present companies
at $60 a share such of the new common stock to which they
are severally entitled as they may care to sell. The syndicate,
it is commonly reported, will include, besides August Bel-
The shareholders
—
—
Houston & Texas Central RR. Called Bonds. The numbers of consolidated mortgage bonds, aggregating $210,000,
which will be redeemed at 110 and interest on presentation,
interest ceasing Feb. 25, will be found in an advertisement
on another page of to-day's "Chronicle." V. 81, p. 1043,
777.
Co., J. P. Morgan & Co. and Kuhn, Loeb & Co.,
though representatives of these firms decline to confirm the
statement.— V. 81, p. 1791, 1610.
mont &
—
—
—
Indiana Harbor RR. New Line. This company's new
The New
Louisville & ffashville RR.
Unified Bonds.
extending from Indiana Harbor on Lake Michigan York Stock Exchange in October last listed $3,000,000 addisoutherly to Sullivan, Ind., 107 idles, having been con- tional unified 50-year 4% bonds of 1940. making the total
structed by New York Central interests in order to reach the amount listed to date $37,562,000.
The report to the
coal fields in Indiana and Illinois, is expected to be in opera- Exchange shows that the issuance and disposition of the
The new line will afford a direct bonds have been as follows, compared with the statement of
n on or about Jan. 1.
connection between Lake Michigan and the Cairo Division May 1904:
of the Cleveland Cincinnati Chicago & St. Louis..
The coinISSUANCE OF UNIFIED 50-YEAR *% GOLD BONDS.
was incorporated in March 1903 with £250,000 of auOct 1905. May 1901.
?.Tay 7904.
Oct. 1905.
dzed capital stock in $100 shares. No bonds.
A Construction .. S3,
Equipment
35,319/808 S4. 357, 312
290. lips
25.r,r,7,r.r,o
.fifiO
2,710,440 Prior, bonds
Extensions
2,820,93]
Chicago paper says:
451,000
451,000
Double track.-.
Purch ot bridges 1.500,000
line,
j
•
'
!
.
The grades are 12 i feet to the mile, making it a praotically level line,
thus greatly facilitating operation.
It will tap the coal fields of Indiana
and Illinois and it passes through two of the best agricultural counties in
Premium on
}
j
oils.
for sink, funds
Corp'te purp'ses
Purch. of stocks
457,300
5,000.000
1. 037.512
5,317.140
Purch. of roads.
G,S29,709
1,408.530
3.379,441
387.900 Bet'm'ts & imp.
5,000,000
Total
of
all
S50.22S.201
__S57,04S,059
1.637,512
Deo. 30
THE
l!U)f>.|
Oct.
«3:
listed
River RR. Lussi
has authorized the listing on Jai
of $17,192,500 additional authori
bo be listed $149>442,
the total amount autho
as part collateral to secui
ranch bonds, a
osited as pan colli
twentv collateral trust
enl
rl
u
,eLS. 200,000
18,200,000
1003
if
<
In
1,722.000
17,000
17,000
Retired and canceled
& Hudson
New York Central
Now York Stocl
U
11)0.-..
Lsii)
CHfiONICLE.
D|SBOSI 1U»\ OF SAJP RONDS.
Bonds
—
——
.
nd Dear
26! .000
tr
I
und Croton, wid Woodlawii and North White
I
Bl, p. 1403. 1376.
&
Lowell
Fitchburg Street Ry.
company has applied
mit
authority
r
'.duo
New York New Haven &
and
ca]
-year bpnds bo cover the cob!
amounl
a like
Hus new
Com-
Secur
husetts Railroad
td tlic
to issu
On
of
bonds
road and equipm* at.
its
Co. in
1315.
i
V. 81,
.
p. 1720," 1665.
Metropolitan
New
Co.,
Securities
York.
No.
maturing Jan.
1,
Ycrk.
See
V. 81, p. 1792,
»ve.
I
RR. — Intere&i
Mississippi Central
— Coupon
New
Railway,
Street
I
utial
of principal and in; n si is guaranteed by non each bond by the United States Lumbi r Co.
.aiding is $55,000,
The interest charge out;
sinst which for 1004 there were net reoeipts of $157,630
and for eleven months of 1905 $155,762.— V. M, p. 1100, 155.
i
The
and
line is built
distance ol V"o miles,
brace a line from Kaj
operation from Wagoner to Dustin,
in
from Henryetta to Oklahoma City;
60 miles: from Gut rtie. I. I'., to K
T., a
rtie, I. T., ;o
Rhot
The
already locati
construction 6n thi
commenced about Jan. 1 190'
south from Dustin to Denison, 'lex.,
ler the general
and is lieint:
lit
and
,
iB
d by,
William Kenefick
ity, and it ie understood that Mr. Kenefick has
ith him in the project representatives of strong financial
in
Cif
Gulf Ha.
new road was the Muskogee Union Railway,
June 1903, and v
iahoma &
2
janized on
authorized capital stock),
hich r
the construction work.
1905 of 75 miles of road from
operation on Nov.
-!
—
New
Butler Street Ry.
January
last
under
—
Pittsburgh Westmoreland & Somerset RR. Mortgage.
The mortgage recently filed t"
rk Trus
trustee, is limited to an issue of §700.000 of .v
gold 50year bonds of $1,000 each, dated Oct.
1905, of which
0,000,000 of
I
I
'.\
1
&
Dayton
cv.
.
nucleus of the
was organized
may
i
be
1J7 mil
i~
all
their stock
in1
1
h^ entirety, if earned out, will emFori Worth, with branches running
.
the earliest
Enterprise.
This
the laws of
Pennsylvania with $1,500,000 capital stock, all outstanding,
par of shares $50, has begun the construction of its 33-n
trolley road between Butter and Etna. Pa., which will be
A mortgage to
1906.
completed about July
PittsiQOjQOO of ">'; gold
burgh Trust Co., as trustee, seen;
bonds, dated .May 1 1.905 and due .May 1 1935, (vithoul
These boni
option of earlier redemption.
all
outInterest payable May 1 and Nov.
standingoffice
or t]
of thi
trustee in Pittsburgh
niaJ Trusl Co.,
New York. Arrangements have been made to use the
from Etna !•> 6th St. and
tracks of the Pittsburgh
h, a distance of about ('.'.. miles.
Liberty Av.. Pi
Officers: J"l;n ('. Reilly,
Tener, VicePresident; (.en. Heard, Secretary and Treasurer.
article
I.
Hie shareholders should deposit
possible date in order that the
be effectively protected.
that
at
Pittsburgh
in
to
Deposits
— The
company, incorporated
says:
u<
i
e.
Coupon Payments .—See Cincinnati Hamilton
Ry. above.— V. 81, p. 179.3, 16
Missouri Oklahoma & Guif Ry. — Description. — The "Rail-
which contains an illustrated
he.
I
dor
15,
I
under the terms of an agreement dated Dec. 7. The comthe property was placed in the
mittee was formed
hands of a receiver. Since then the Cincinnati Hamilton
Dayton Railway lias instituted action seeking to annul
In view of these facts it is deemed
the lease of the road.
.
regarding
-
<
ctions.
of Dec.
'Id
V.
Called by Shar&holi
share'
protective
indue, Nathaniel Thayer, of Boston, Chairman, urgei the
ilders to deposit their stock either with the )Id Colony
Trust Co., Boston) or the Manhattan Trust Co., New York,
:
way Age"
RR.-
Protcctxi*
;
of 3
Electric Co.
holders on
Pere Marquette
l'>
The payment
-
—
136.
i
;
\
(
on New
rom the first mort11)05 will be paid at
5"
aoon.
-
gold bonds dab d July 1
fice of Harvey Fisk & Sons, 62 Cedar St., New York City,
on and after that date. These bonds are duo July l 1545, but
are subject to call for gradual redemption in the order of
and as an entire issue at
their numbers at par and
interest pa;
110 and interest; d« noi
annually. Authorizi d issu< 15,000,000; outstanding fl ,100,000; remainder issuable only under carefully guarded re-
gage
Hartfor
Francisco.
/
i'.i
authorized the
to be
by the deposit of about $15,000,000 San Francisco
Electric stock and about $10,000,000 California Gas &
V. 81, p. 1551, 1242.
Electric stock.
!
1
'
I
the
Ha
— San
&
Gas
Pacific
Authorii
—
Rapid Transit
ailed
in1
i*ork New
at 12 o'clock
Xew
N
(
St
105 and.
al
176.
Transit Co. abi
«<;/ Cull.
The directors tunc issued a call
further installment of $25 pi r share, payable Jap.. 30
Morton Trust Co. This will make -the stock 875 pi
ton another page. V. 81, p. 1792.
pai
Metropolitan
I
Hartford RR.
Old Colony RR. Sale of Steamboat Property.
"
below.
Colony Me. null..:.; Co. under "Ind
d
—
\\
the
of
of ih
Ia\ n
all
>
pf
bsidi-
Ry. ami Old
Boston & Norl
Ry. under " Annual Reports" on another pag<
1906
the
1
be redeemed
will
Massachusetts Electric Companies
ary
Feb.
Wagoner
">
Ing in
to Dustin.
,
1
Mohawk Valley Co.— See Rochester
Light Co. below; also Ontario Power Co.
Compare V 8 1 p 1 792
trials
.
.
$100,000 is reserved for extensions, etc. There are no
hens outstanding, we are informed. The capital Btoc]
thorized and issued is $700,000.
to be ci
from lagonier to Somerset, 30 miles, within a
nth
Railwa;
under "Indus-
I
.
..
—
—
The New York
National RR. Co. cf Mexico. Listed.
ick Exchange lias listed $2,496,000 additional first consolidated im.1
\% bonds, making the total amount
d S24.490.Ouo.
Henry Cochran
i
Purpose
of
<fc
$442,000
Additions and improve
extension
..1,306,000
A part ol the cost of construct!] ^ tin- M
Purchase of \
Cedral y Matehuala RR., a
to Matehuala
branch
<a i'li
.1
to Potrero, being 10.8 miles in all in
j-andfknown as the Matehuala Branch. The line ha
\\standard-gauged
Purcha--e of Salamanca a] .tar;.: 1:1!.. a standard
i
,i
.
President. -
Port Angele6 Eastern RR.Olympia Ry. below.
Port Angeles
Issuance
is
&
V*.
Li
.
-'1
.919
-.a
I
i
— pau^fV.
Bl
New
,
length,
2-.0.IKJ0
:
I,
p. 82.
Olympia Ry.
This com-
lnepr\
pany
filed articles of incorporation in tl
of Washingon Nov. Hi. Authorized capital stock $ ,OQ0,0Qt
ton
porators, Jacob Furth
l
n<
I
Lester Turner and
In
p, sO'J.
Orleans Railway
&
recent declaration of the
payable Jan. 15 to
C. I". Foster i- q
1
Light Co.- Status.
first
— Touching the
quarterly dividend at
on Dec. 31, P
1'.
i
I
attle,
i
quoted
If
the
as Baying:
with
v.
thi
'.•.or!
ii|i t'.
•
Railroad Construction.
id.
l
Raleigh
1792,614.
•
W.
Hofius
A. A. Arthur of New York and M. J. Carrigan of
The company proposes
Port Angeles.
d a slam
gauge railroad from Port Angeles to Olympia, havii
practically thi
enterprise on which th
Port Angelee Eastern RR. was engaged.
(BeeV. 6!
The promoters of thi m w company are also inn
in the
Peninsular Ry., which i- projected
from Olympia to
election with the North<
the Quilhn ut"- River on the West Coat
L. If.
ogineer in charge of the
m, is
;
;
narrow-
Jd
— Suea
i
car
Construction of San Juan de la \
oustructed staudard-ga
Vega
nding from ,-;:ii Juan •
Const met ion
.
81, p. 559.
&
Charleston RR.
with 1
i
1).
THE CHRONICLE.
1850
stock as successor of the Carolina & Northern, has the following officers:
John Skelton Williams of Richmond, Va., President; Howard S. Graham of Philadelphia, Pa., Vice-President; C. T. Williams, Secretary and
W. C. Miller of Charleston, S.
of the board are Robert L. Forrest,
Vaux, all of Philadelphia.
Treasurer.
members
P.
C,
W.
a director.
Other
E. Weber and Henry
is
extends from Marion to Lumberton, N. C, 40
said, may be extended northward to Raleigh
and southward to Charleston. V. 81, p. 1437.
The
line
miles, and,
it is
—
—
—
Equipment.
[Vol. lxxxt.
—The
company has placed
orders for about
10,000 cars as follows:
•}
7,500 box-cars of 60,000 lbs. capacity, viz.: Western Steel Car &
Foundry Co., Anniston, Ala., 1,250; American Car & Foundry Co.,
1,750; Mount Vernon Car & Manufacturing Co., .4,000; Lenoir Car
Works, 1,500. Also 2.657 other cars, viz.: from American Car & Foundry Co., 1,157 all steel hopper-bottom cars of 100,000 lbs. capacitv
and from the Standard Steel Car Co. 1,500 all steel gondola cars of
100,000 lbs. capacity.— V. 81, p. 1793, 1725.
—
—
Spokane & Inland (Electric; Ry. Prospectus. This road
under construction from Spokane, Wash., to Moscow, Idaho,
of which 34 miles, to Waverly, is expected to be in operation
in May 1906.
A branch is also proposed to Palouse. Total
length of line 146 miles. A pamphlet says:
A standard-gauge interurban electric railroad, now in progress of conis
Rochester (N. Y.) Railway & Light Co. Terms of Sale.
E. W. Clark & Co. of Philadelphia and Hodenpyl, Walbridge & Co. of New York, in a circular announce the sale
of the control of the property to the Mohawk Valley Co.:
struction; company incorporated under the laws of the State of WashWe have entered into a contract to sell to the Mohawk Valley Co. ington on Jan. 10 1905. Capital stock, $3,500,000,
in shares of $100 each.
all of our holdings of the common stock of the Rochester Railway &
Directors: Jay P. Graves (President), President of Spokane Traction Co.,
Light Co. for $125 per share, stock to be delivered and paid for oh or
before Feb. 1 190(5 at the office of the New York Central & Hudson River
RR. Co. in New York City. The contract of sale provides that the
purchaser shall take at the same price all of the said common stock that
may be offered, provided, however, that in order to bind the purchaser
to take any such additional shares of common stock, the vendors must
give to the purchaser on or before Jan. 15 1906 notice in writing of the
number of such additional shares of the common stock which they
propose to sell under the terms of this contract. The common stock
is liable to 30% assessment, and in the contract of sale it is set forth
that the purchaser does hereby undertake and agree to protect and
save harmless from and against all such assessment and liability, the
vendors and any and all holders of said common stock who may sell
V. 81, p.
the same under and by virtue of the terms of this contract.
1724.
—
—
—
&
Santa Clara (Electric) RR. Consolidation.
This company has been incorporated in California with
San Jose
$5,000,000 of authorized capital stock to consolidate the
properties of the San Jose & Santa Clara Street RR. Co. and
the Santa Clara Interurban RR. Co., which were recently
purchased by Lewis E. Hanchett, John Martin and their
The incorporators are: Lewis E. Hanchett,
associates.
John Martin, Henry Bostwick, Leo H. Susman and Karl E.
Kneiss.— V. 81, p. 1493.
San Pedro Los Angeles
vice.
— On
Dec.
17'
&
through
— Through Ser-
Salt Lake Ry.
train service to
Los Angeles,
was inaugurated over the Chicago & North Western
and Union Pacific to Salt Lake City, and from thence over
the recently completed San Pedro Los Angeles & Salt Lake
Cal.,
RR.
V. 81, p. 1666, 1551.
—
— See Ameri—
Seaboard Air Line Ry. —Further Facts Regarding Sale
N on- Assenting Stock. — A Baltimore paper states that the
Scranton (Pa.) Railway. Change in Control.
can Railways above. V. 78, p. 989.
of
stock held by the Ruhstrat committee, which, as stated last
week, has been purchased by Middendorf Williams & Co. of
Baltimore and John L. Williams & Sons of Richmond, consists of $1,520,000 preferred and $5,080,000 common, the
price being, as already stated, $55 per share for the preferred
and $35 per share for the common, in all $2,614,000, to be
Mr. Middendorf is quoted as saypaid on or before Feb. 1.
ing that this stock is acquired by the two firms wholly for
investment purposes, and that there is no intention of depositing the same under the reorganization plan of the
Ryan-Blair committee in accordance with which the new
holding company (the Seaboard Company) was organized.
Aside from the 66,000 shares held by the Ruhstrat committee, there is said to have been about 34,000 shares which refused to assent to the plan, most of which has been purchased
by the Williams and Middendorf firms.
Listed.
The New York Stock Exchange has listed $5,760,000 Seaboard Air Line Ry. Atlanta-Birmingham first mortgage 4% 30-year gold bonds.
,
—
These bonds have been issued at $30,000 per mile upon 192 miles of railway lines
acquired or constructed by the Atlanta & Birmingham Air Line Ry., extending from
Birmingham, Ala., to Howell's June, near Atlanta, Ga. 163.27 miles; also from Coal
City to Pell City, in St. Clair County, Ala., 8.65 miles: Tredegar to Jacksonville, In
Calhoun County, Ala., 3.29 miles; and Rockmart, in Polk County, Ga., to Cartersvllle in Bartow County, Ga., 22.84 miles. The unissued $4,240,000 of the total authorized issue of $10,000,000 bonds can be issued only from time to time, at not exceeding $30,000 per mile for each 5 miles of railway in addition to the said 192 miles
that shall be constructed or otherwise acquired, and upon which the mortgage shall
become a first lien.
All the capital stock of the A. & B. Air Line Ry., amounting to $1,525,000, is
owned by the Seaboard Air Line Ry. (except seven qualifying shares of directors),
subject to said $5,760,000 first mortgage 4% bonds, $2,000,000 Atlanta & Birmingham Air Line Ry. second mortgage 5s, maturing Jan. 1 1924. and $3,415,979 floating debt of the Atlanta & Birmingham Air Line Ry ., as appears in the deferred assets
of the Seaboard Air Line Ry., shown in its balance sheet of Oct. 3111905.
The balance sheet
Seaboard Air Line Ry. Co., as of
Oct. 31 1905 shows outstanding "notes payable" (other than
amounts due proprietary companies) amounting to $3,058,217.— V. 81, p. 1793, 1493.
of the
Co. —Listed.— The
Southern Ry.
New York Stock Exchange has listed $2,040,000 additional first consolidated
mortgage 5% bonds, making the total amount listed to date
$44,251,000. The additional bonds are issued on account of
expenditures chiefly as follows:
Double track and reduction of grades and curvature, $637,700; construction of various extensions, $451,499; shops, yards and depots at
various points, $447,534; new and additional equipment, $317,097; new
and additional side tracks and other tracks, $227,738; purchase of Knoxville & Bristol Railway, $183,801; real estate and right of way at various
points, $67,927; total, $2,333,296.
Statement of Issuance of $44,251,000 First Consol. Mortgage Bonds.
For purposes of reorganization
$21 ,911 ,000
For Cincinnati extension bonds and Alabama Great Southern Ry. Co., Ltd., stock
2,100,000
For new construction, new equipment, and for the acquisition
of branch lines or securities thereof
13,000,000
For redemption or acquisition of prior lien bonds
4,208,000
For retirement of equipment trust obligations
3,032,000
Car Trusts.
— Drexel
$2,800,000 of
4%
& Co., Philadelphia, have purchased
equipment trusts.—V. 81, p. 1793, 1725.
Vice-President of Coeur d'Alene & Spokane Ry. Co.; F. A. Blackwell
(Vice-President), F. Lewis Clark, John Twohy and Alfred Coolidge, all of
Spokane. The bonds (5 per cents) have been purchased by E. H. Rollins & Sons of Boston and by the Peabody, Houghteling Co. of Chicago.
The company will build from Spokane to Paloifse and Colfax in the
form of a "Y," the stem extending from Spokane to a point in Spring
Valley to be known as Spring Valley Junction, the east arm reaching Palouse by way of Oakesdale and Garfield, and the west arm reaching Colfax
by way of Rosalia and Thornton. The distances from Spokane will be as
follows: Freeman, 17.5 miles; Mount Hope, 23.5 miles; Waverly, 32
miles; Spring Valley Junction, 39 miles; Oakesdale, 53 miles; Garfield,
65.5 miles; Palouse, 76 miles; Rosalia, 44 miles; Thornton, 53.5 miles;
Colfax, 76 miles.
Total mileage, including spurs and sidings, 125. It is
the purpose to extend the lines ultimately to Pullman, Wash., and to
Moscow, Idaho; also to a point on the Snake River below the head of
all-the-year navigation.
The Spokane Terminal Co. (V. 81, p. 1045) was incorporated in the
spring of 1905 to acquire terminals for the joint use of the Spokane & Inland Ry., the Coeur d'Alene & Spokane Ry. and other roads. At Palouse the Spokane & Inland Ry. will own and use terminals jointly with
the new Washington Idaho & Montana Ry.
Two bridges are under construction in Spokane, where the lines cross
the Spokane River; one will be 500 and the other 700 feet in length. The
bridge across Rock Creek will be 133 feet in height and 1,040 feet long.
There will also be a trestle about 800 feet long across Rattler Run, and a
number of smaller bridges and trestles. All of the bridge work is being
constructed to stand the strain of any modern railway train. Maximum
grade on entire line, including terminal tracks, is 2%; maximum curvature, 14 degrees, and there are but two curves that exceed 12 degrees.
Rails, best 70-pound standard steel.
Standard steam railway ties will be
exclusively used.
Idaho cedar poles, not less than 40 feet in length and
not less than 8 inches in diameter at the top, will be placed on each side of
the track at intervals not exceeding 100 feet. The entire electrical equipment has been contracted for with the Westinghouse Electric & Manufacturing Co. The freight trains will be drawn by electric locomotives
guaranteed to haul 15 60,000-pound-eapacity cars, when fully loaded,
up a 2% grade at a speed of not less than 8 miles an hour. The company
owns a power site 9 miles below Spokane, on the Spokane River, where
9,000 horsepower can be developed at a cost that will not exceed $80
per horsepower. But, owing to the impossibility of developing its own
power by the time it will be needed for operation of the road, the company
has contratced with the Washington Water Power Co. for a 24-hour service
at the rate of $20 per horsepower per annum, the contract to run for a
term of ten years. The company will use the Westinghouse single-phase
alternating current system.
Estimates collected by experts of the bonding companies place the
probable gross earnings for the first year at 88,000 per mile.
The company offered small blocks of its stock at par.
Press reports in September last stated that bonds had been
sold on accountof the lines to Colfax and Palouse and that
the purchasers had agreed to take in all $4,500,000 bonds in
case the road was further extended as proposed.
The
road is reported to have been completed from Spokane
south to Freeman, 18 miles, and to be in progress from
Freeman to Waverly, 16 miles.
V. 81, p. 1045.
Sale of Income Bonds.
Suffolk & Carolina RR.
The
"Baltimore Sun" of Dec. 23 states that the entire issue of
$250,000 income bonds has been sold to the Virginia & Carolina Coast interests at $400 per bond, payment being made
at the banking house of John F. Gittings &Co.
V.81,p. 841.
Underground Electric Railways Co. Mr. Yerkes's Death.
Referring to the death of Charles T. Yerkes yesterday, and
his connection with the London underground, it was stated
at the office of Speyer & Co. that Mr. Yerkes's failing health
had warned him and the bankers associated with the enterprise that arrangements should be made for relieving him
of a portion of his work, or for completing and carrying it
on in case of his death. These arrangements have been perV. 81,
fected, and will be announced at the proper time.
p. 1372, 266.
See Suffolk & Carolina
Virginia & Carolina Coast RR.
RR. above.— V. 81, p. 1611, 976.
Wabash RR. No Interest on Debenture As. The interest
payment on debenture A bonds, discontinued in 1904,
has again been passed. V. 81, p. 1437, 1310.
Waltham Street Ry. Co. New Bonds. The Massachusetts Railroad Commission has authorized this company,
controlled by the Boston Suburban Electric Companies
(see p. 11 of the "Street Railway" section), to issue
$100,000 5% 20-year bonds to take up the floating debt
incurred by construction.
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Wellington Grey & Bruce Ry. Coupon Payment. The
Grand Trunk Railway Co. announces the payment of £3 3s.
per £100 bond, to be applied as to £2 18s. 3d. in final discharge of coupon No. 47, due Jan. 1 1894, and as to 4s. 9d.
on account of coupon No. 48, due July 1 1894, payable on
and after Jan. 1 at 203 Dashwood House, New Broad St.,
London, E. C. Last January £2 16s. lid. per bond was
paid.— V. 79, p. 2797.
Wheeling Traction Co. Option. A press dispatch states
—
—
that the directors have secured options at 65 on a majority of
the $500,000 stock of the Pan Handle Traction Co., whose
fine, bonded for $417,000, connects Wheeling with Wellsburg.— V. 81, p. 1611, 1101.
THE CHRONICLE.
Dec. 30 1905
INDUSTRIAL, GAS AND MISCELLANEOUS.
Akron (Ohio^ Gas
Co. —Receivtnhip. — This
company,
in
66, p. 234.
Amalgamated Copper Co.
The price of the company's
— Prices
Copper and Stock.
of
share- yesterday touched
at
109%. Sale- of ingot copper at New York
have been reported this week at lO'oc, the highest figure in
more than "JO years. The following table shows the range in
prices of ingot at this city and of the shares of the Amalgamated Copper Co. Since 1900; also the amount (per cent of
dividends paid by the Amalgamated in each year, 1900-1
i
'.»<).'>:
Ingot copper
High
do
do
Amal. shares
<lo
do
Annual dividend
Low
High
.no
Low
.
'
_-
1
1
,
To
4
1804. 190:!. 1803. L901.
15.60 16.50 L3.60 17.00
.00 13.00
12.26 12.00
S2
:;.\ 79
i.u)
4^ s :<:; j k :.::
61
1900.
l7J<j
I «»
w
.
>
,
2
'
_-'
,
2
'
|*<
,
2"
7
The price obtained by the copper companies for their
output is of course less than the New York price. See reporl of Amalgamated Company in V. 80, p. 2395.
Company
Mining Co. below.— V.
American Bank Note
—
Dividend.
See Anaconda Copper
81, p. 1045, 669.
Co. Plan of Re-capitalization —TJndate of Dec. 12 1905, a committee consisting of Edmund
C. Converse. Chairman; Win. Nelson Cromwell, Francis L.
Hine. Theodore H. Freeland, Warren L. Green, with Benjamin Strong Jr., Secretary, 7 Wall St., New Y'ork City, has
issued a plan for the re-capitalization of the company, by
which a new corporation will be organized under the laws of
the State of New York or New Jersey with the name of
"United Bank Note Corporation," or such other name as
may be determined. The American Bank Note Co. is a New
York incorporation owning or interested in real estate, engraving and printing plants, and established businesses of
kindred character, in the United States, Canada. England.
Italy. South America, and elsewhere, of great value, and exFor
ceeding its obligations by several millions of dollars.
these and other reasons, it is designed to acquire at least a
majority of the capital stock, and. whenever the same may
be lawfully done, to acquire the properties and business of the
company "and also to provide a working capital and investment fund for the new corporation; but it is not a part of the
plan to acquire any property or securities of the American
Bank Note Co. without the approval of its stockholders at a
duly called meeting or in other lawful manner. The American
Bank Note Co. has a capital stock divided into 72.000 shares.
Its nominal capital stock is
but of no fixed par value.
$100,000.
It is proposed that the new corporation shall authorize the
issue of the following generally described se< urities:
trolled
—
(
I
.
•
.
•
HO,
closing
1905.
1934
15
he Auk r it .in ll.uik Nol.
air ,i«.ur. i- the pione.-i bank
It]
note engraving corporation In the United state-. It is believed thai its
premier position in this Held is recognised the world over; hut In- trcmendous de\ elopmenta o! the last quarter of a century especially In corporate and governmental requirements, have almosl transformed the
while the ordinary commercial trade has created new demands
of Infinite variety as to style, grades, qualities and cost,
it
i- deemed
desirable, therefore, to establish a aew, modern, up-to-date plant and
by afiordlng more % arietj of work and greatei dispatch In ex< cution
nf order-. It i- also desirable to secure th
and economies Of concentration in work and management, and to enter Into other kindred
and uniting held- of activity, ll needs no argument to -how thai the
nt capitalization bears no reasonable relation to present val
conditions, and it Beems clear thai the Interest! of stockholders will be
better servi d bj transforming their present nominal share o« nerahlp Into
a form bearing a more accurate illation to the enterprise and afiordlng
ter facility In its use for sale, for collateral, oi for other customary
transaction, and Listable upon the Exchang
For these, and other reasons, it has, for sonw time, been consider! d by
stockholders thai there should be a readjustment <>i -hare ownership
capitalisation relations and a aew working capital and Investment fund,
furnished through a new corporation.
1
which John R. Walsh of Chicago, the banker (8eeV.81.p.l765),
was interested, was on Dec. 23 placed in the hands of the
local manager, A. B. EUbeck, as receiver, on application
filed by Squires. Dempsey cY Saunders, on a claim of 16,703
for coal furnished by the Youghiogheny A Ohio Coal Co.
— V.
!*;>!
.
per cent cumulatve preferred stock, in -hare- of $50
each, having preference over t lie common stock as to dividends and uoon liquidation; and protected toy the provision
that no lien shall voluntarily be created and no other issue of
of the
stock shall be made, without the affirmative vot
hold-rs of 80% in amount of each class of stock then out$5,000,000
standing ....
Hold -r- of existing capital stock oi the Ameri::
Bank Note Co. becoming parties to the
plan shall receive one share of the preferred
stock and one .-hare of tlu- common stock of the
new corporation for each one share of stock deposited. Any portion not taken u:id<-r this offer
may be disposed of at not !es- than par for the
acquisition of the stock or property of the American Bank Note Co. and fornoother purpose. .. §3,600, 000
For sale under offer to depositors, on basis 01
$75 cash for one share of preferred accompanied by one share of common, to provide work400,000
ing capital and investment fund
[Making present issue of new preferred stock
$4,000,000.)
To be held in trust for the future acquisition
500,000
of properties, extension of busim
(d) Authorized, but reserved for future issue at
500.000
not less than its par value
2. Common stock in .-ban- of $50 each, entitled to all dmds declared after payment of such preferential cumulative divid-nds upon the preferred stock; and likewise protected as to such voluntary liens and further -tock issue by
$o,000,000
provisions similar to those relating to the pn f> rn d stock
(in
To holders of existing capital -tock of American Hank Note Co. Bee "(a)" under preferred
.$3,600,000
k above
For sale to depositors. See "(b/' under pre400,000
ferred stock above
[Making total present issue of common stock $4,-
1. Six
i
Holders of shares of the capital stock of the American Bank
Note Co. are invited to deposit their respective holdings,
duly endorsed in blank, with the depositary, the Bank*
Trust Co., No. 7 Wall St.. New York City, on or before Jan.
17 1900, in exchange for transferable certificates of deposit.
All dividends paid by the American Bank Note Co. upon
any stock deposited will be distributed to the holders of certificates of deposit
entitled thereto, without deduction, as
V. 81, p. 1794.
and when received by the committee.
—
American Brake Shoe & Foundry Co. Not a New MortThe SI, 000, 000 mortgage recently recorded is not
a new mortgage, bu1 the one made in 1902, which litis been
V. 79,
re-filed to comply with the laws of Tennessee.
i/iu/e.
—
—
2458. 2087.
p.
—
1
o be held in trust for future sale, iw
disposition, in tie- acquisition of properties, extc
tension of biu
(d) Authorized, but reserved for future issue by
the aew corporation at not less than its par value
—
American Car & Foundry Co. Xcw Orders. New orders
equipment have been received from the following comSouthern Ry. 1,750 box cars and 1,157 hopper
panies:
cars; Evansville & Terre Haute RR. 1,500 gondolas; Harrinwn lines 600 refrigerators; Colorado & Southern 1.100 box
100 stock and 38 caboose.— V. 81, p. 1667, 1376.
for
—
American Cement Co. See Reliance Portland Cement
below.— V. 80, p. 2221.
Co.
&
—
—
Co. Output.
The
output of instruments (each telephone being two "instruments," viz., one receiver and one transmitter) for the
month and eleven months ending Nov. 30 was:
Month
11 Months
190."..
1904.
To Nov. 30—
1905.
1904.
American
Telephone
Gross output (number)...
Net output (number
Total outstanding
V. 81, p. 1794, 1667.
i
—
Telegraph
.183,470 103.922 1,677,800 1,094.291
134,395 f.3,9^8 1.111.247
(128,660
5,591,811 4,408,177
American Water-Works & Guarantee Co., Pittsburgh, Pa.
Dakota Water Co. below.— V. 81, p. 1794.
— See South
American Woolen Co.
— Xew
Director.
— George
L. Shep-
of Providence. R. I., has been elected a director to
Mr. Sheplev
succeed James Phillips Jr., who resigned.
is an ex-Governor of Rhode Island and Vice-President of
V. 81, p. 1725,
the Manufacturers' Trust Co. of Providence.
ley.
—
900.
—
•
000 000
—
—
Anaconda Copper Mining Co. Dividend Increased. This
company, a majority of whose $30,000,000 capital stock is
owned by the Amalgamated Copper Co., has declared a
dividend of 87J-3 cents a share (par $25), payable Jan. 18 to
holders of record Jan. 6. The report t hat this is a quarterly
while possibly
distribution, making the annual rate 14'
true, is not officially confirmed. The annual dividend record
',-,
follows:
Calendar year
1*99. 1S99. 1900. 1901. 1902. 1903. 1904. 1905.
L3
16
13
4
4
4
dividend (per cent). 10
8
Dividends in 1905 were: May 18, 75 cents, and Oct. 19
fl.25.
is
—
New Find <>j Ore. Deputy State Mining Inspector Orem
quoted as confirming the current report that the company
has discovered a very large body of new ore. being, it is said,
V. si. p. 1045.
"the biggest thing ever found in Butte."
—
—
—
Atlantic Telephone Co., New York City.
Offer to City.
of the company, being unable to obtain
-factory terms from the Finance Department of the
city for the right to carry on telephone business within the
City limits, has Bent letters t0 members of the Hoard of
Estimate offering the city, for the privilege of doing business.
the free use of 1,000 telephones and the following annual
payment- in cash viz.:
The representatives
,
$77,500 for the tir^t live year.-, SI 16,250 annually for the second b\e
years, $155,000 annually for the third five yet
750 annually for
the fourth five years, und 1232,600 annually for the nftii five yean.
!
^^
,00,000
500,000
stablisb a new
I'<>r corporate purposes, and to enable it to
plant of large capacity and of greal efficiency, and to acquire
or establish kindred enterprise - at home and abro id, it Lb dea working capital and
sirable to provide $600,000 for use
for an investment fund for the n< -.. corporation. TO obtain
this sum, $400,000 >ach of the new preferred and common
ck will be offered to depositors under the plan, for subscription and purcha.se. pro rata to their respective holding
deposited, at the sum oi 175 in cash for one share of such
ferred -tock and one share of such common -tock and at such
time and for such period of subscription and purcb
A circular ra
be deemed advisable bv the committee.
The President i- Joshua D. Power-.
\
United State- Trust Co. of Louisville.
.
President of n.e
72. p. 1137, 284.
<
u
;
,
N. W,
Statu
Offered
t $125,1
Co. are offering at 102', and int.
mortgage 5'; .-inking fund gold bond-, of 1 1,000 each,
dated Jan
1902, due Jan.
1927, without option of pi
ami July I.
[ntereet payable Jan.
Principal
payment
ami in'
York Trust Co., New York,
tyable .at \«
\ ciroulai
Trust*
Auburn N. Y. Gas Co.- Bondi
Hal-ey
a-
l
i
i
.-.
meiit
Preferred, 1205,000; common,
Capital itocl
mori
hoi id.-, (out
ir-l
HOO.ooo additional Issues limited to $100. ooo und
-.1
consolidated mortgage b°? bonds of 1930, $300,01
jnoo.ooo. being remainder of authorised issue, reserved to retire first
•
ooo.
I
|
{
)
THE CHRONICLE.
S:>*2
matuTftj
it
i.
Sales
.
ol
1.
mate of
Presid
ft.
«ed
ru
on current
surplus
out pu
ntire gas business
olute co)
30,000
ond. intei
immunity oi 35,000 people. Franchise
ro
,i
1 he conn
tout obji cl ionable features.
& Power Co., giving
d the Citizens' Mght, Heal
in
bu Iness of the city, without any inci
Physical data:
ding bonds of this Issue.
a
Cili :i /;.,' Co.
burn Co,
Combined.
250,000 CU. ft. 520,000
ic 270,000 CU. El
37.4
2.5
treet mains
Wile
1,140
3,755
in use
2,615
No. o
3,785
BOO
rvii
2,885
No. o!
iuted is a by-product of tin- Empire CokelCo. (V. 79,
p. 215), Geneva, N. V., and is purchas* <1 from the latter upon fa orable
lompany's own manufacturing facilities being held in
Qi
tern:
b
arc derived entirely from private consumers, indereset
(las is sold art 81.25 per tixousan d
c feet,
city contract,
oi
dbi 'I
per
running at the rate of 00,000,000 cubic
S;;f
o
Palmer estimates that net earnings during the first
d al
year and
year al
tidal on will reach $60,000, or double the interest on
co
ail ill
bonds oi both issues now outstandng.
he remaining first mortgage bonds may be issued only for extensions
and ire >rov< rrienl
al 75% of cost, and when the net earnings for the
:'
:cdl
e months shall have been at least twice the interest
. V. 74, p. 07.
d and oh he addition::! e u >.
on all outstai d
V. 81, p. 1377.
I
oird
Inti
<1
i
ii
i
i
Vol. lxxxi.
I
i
I
i
•
-
'
1
'I
il
1
—
—
000 ii:
atnoti
to have a
1
and 160.000 MMdletowi Gae Light Co.; and
e to be issued foi
nprovements
i
company is said
(unofficially)
charter franchise covering the entire
couni
1.
Pa., except Hi
populat
d in
'
the d
about 32,000. The olli<
C H. G<
President: H. \v. Noble, of Detroit, Vice-President; C. \V. Fox, Secretary; and C. B. Kelsey, Treasurer.
1
—
Delaware River Steel Casting Co.— Sold. At the fore
closure sale in Chester, Pa., on Dec. 21, the main building
was bid in by William B. Broomall of
representing the [trustees, for $140,000.
Thefe wen
various purchasers several lots of firebrick, pig iron, etc.
V. 81, p. 1726.
(
—
&
—
Cleveland Navigation Co. -New Boat, This
to build a new passenger i.
cost $1,200,000 and to be ready for the season of 1907.
V. 76, p. 88
Detroit Gas & Coke-Co.—
ion.
This company,
last
reported as 01
d
Septembef with a paid-up
capital of $1,050,000 and f500,000 in bonds, has been
formed by
of the Detroil Suburbas
r
Co.,
the Grinzel Gas Co., the Wyandotte Lighting Co. and the
Detroit Gas Lighting & Coke Co.
Directors, all Cleveland
Detroit
company has arranged
—
Bessemer Coal & Coke Co. Sale of Plant. This company's
DUquesne planl at Bradenville is reported to have been sold meni
to New York capitalists for $350,000.— V. 81, p. 728.
George W. York, President; William Greif, Vice-President; Frank H.
Treasurer; Robert K. .UeKis.son, attorney; John P. Cowing,
Birmingham -(Term.) Realty Co. Entire Bond Issue Called. Townsend,
Edward Weibenson, M. F. Bramley and C. E. Denison.
— This company has called for redemption
all of its outstanding ($222,500) 5% 30-year bonds of 1900 (the last of an issue
of $1,000,000), and will pay the same at par and interest at
The
the Union Trust Co., SO Broadway, on Jan. 1 1906.
"New Orleans Picayune" has the following:
The company will begin the new year free of debt and with a surplus in
the treasury. During .the last live years, under the management of Presiden
A. L. Fulenwider, the company has reduced its preferred stock from
$700,000 to 8475,000, expended 8500,000 in improvements, and conThere is
tributed liberally to all movements for the good of the city.
$300,000 of common stock.
The company was successor
of the -Elyton
80, p. 1915.
California
Company.
— V.
—
Gas & Electric Corporation. Called Bonds.—
See Stockton Water Co. under "Industrials" below.— V. 81,
1174,
p.
1102.
—
Canton Co., Baltimore. No Longer Listed. This company's new stock has been stricken from the list of the New
York Stock Exchange, a long time having elapsed since the
last transaction took place. The Brown committee has not
yet prepared for distribution a copy of the agreement of deposit of Nov. 1 1905, under which deposits were to be received until Dec.
Central
1.
Leather
Compare V.
81, p. 1612.
Co. —Listing. — The
Exchange has authorized the
New
Yiork
Stock
listing of the following addi-
tional securities:
Twenty-year 5% bonds, 85,211,000, making the total amount listed
to date .s:j:;,:>9 1,000, with power also to add to the list prior to May 1
1908, $2,973,000 bonds, making the total amount authorized to be
listed,
S3 >,264 v 000.
additional 7%
stock, making the total amounts listed
8201,900 additional
to date 829,943,000 preferred stock and $37,599,500 common stock,
with" power to add to the list prior to May 1 1908 $2,973,000 preferred
stock and $2, 101, 400 common stock, making the total amount of each
authorizi I to be listed as follows: Preferred stock, $32,916,000; common
stock, 839,700,900.
Also.
cumulative
81,862,300
preferred
stock
and
common
The new securities were issued chiefly on account of
recent acquisition's, including the entire capital stock (except
shares to qualify directors) of N. R. Allen's Sons Co., Union
Tanning Co., Harrington & Co., Queen City Tannery and
Wallen Leather Co.
INCOME ACCOUNT OF NOV.
Deductions
—
—
—
Diamond Rubber Co., Akron, O. Re-incorporation. This
company was recently re-incorporated under the laws of Ohio
with nominal capital stork, which, on Nov. 9, was increased
to $3,500,000, all common; par of shares $100
No bonds or
mortgage.
President, F. A. Hardy; Secretary, Wm. B. Miller; Treasurer, A. H. Noah.
V. 77, p. 772.
—
—
East Butte Copper Mining Co. New
company, incorporated under the laws
—
This
Arizona, with
$3,000,000 of capital stock in $10 shares, is reported to
have had $1,650,000 of its stock underwritten in Butte,
Boston, and other cities, at $5 per share. The remainder
of the present issue, $350,000, will go to the vendors of
claims, covering about 17 acres of land in the eastern section of Butte.
Geneva Coal|;& Coke Co., Pennsylvania. Sale. This
company's property, located at Martin, near Masontown,
Pa., was recently purchased by the McKeefrey Coal Co.,
which was incorporated in Jan. 1902 with §100,000 of
authorized stock.
(See bonds of Geneva Company in V. 76,
While John McKeefrey is President of the
1304).
p.
McKeefrey Coal Co. and also The Salem Iron Co., the two
concerns are separate and distinct and one company has
no interest in the other.
Hudson River Electric Power Co. Earnings. The results for the month of November and the 11 months ending
Nov. 30 in 1905 and 1904 compare as below:
Enterprise.
of
—
—
—
November.
Gross earnings
Net earnings
Increase in net
— V.
.78, p.
1
1905.
1904.
$69,413
34 ,879
$54,207
26 ,545
1
Months.
1905.
8,334(31.39%)
1277, 231.
—
1904.
$663,299
294 ,883
S487.590
234 ,854
60,029(25.50'
—
—
International Power Co. Extra Dividend.
The direcon Dec. 23 declared the regular quarterly dividend of
$1 per share on the common stock, payable out of the surplus on Jan'. 25 1906 to the stockholders of record Jan. 1.5;
also an extra dividend of $1 per share on the preferred stock,
payable out of the surplus on Jan. 25 1906 to stockholders
of record on Jan. 15 1906.
tors
This preferred dividendfis declared in "addition to the regular semiannual dividend of $3 per share, in accordance with the provisions of
the charter whereby, in addition to the cumulative dividends of 6% per
annum the holders of the preferred stock are entitled to be paid a
dividend equal to that declared upon the common stock when and as
often as a dividend shall be declared upon the common stock.
V. 81,
•
29 1905.
Dividends pfd. stock U.
$843 ,483 Interest and general exp ..$387,402
S Leather Co
518,298
28,674 Preferred dividends
Int. on bills and accts. rec.
Acct. earn, of subsid. comp 34,599
$1,056
Surplus
8906,756
Total receipts
V. 81, p. 1794, 1725.
Corn Products Co. Possible Amalgamation. Conferences
in progress this week look to the control of the leading
glucose concerns by a new holding company in which, it
is expected, the Standard Oil interests that backed the
.
—
p. 1317. 901.
—
Iowa Light Heat & Power Co., Des Moines. Receiver
Asked For. The Iowa Loan & Trust Co. of De.- -Moines,
mortgage trustee, has applied for a receiver on the ground
that interest on the $11,500 outstanding bonds is in default.
In September last new interests, including Francis H.
New York Glucose Co. will be predominant. Whether the Porter of Chicago, William B. Starkey of Des Moines, and
Warner Sugar Refining Co. (V. 79, p. 686,) and the St. Louis others, were reported to have acquired control of the stock,
Syrup & Preserving Co. (V. 78, p. 1910,) shall be included with a view to reorganization and the building of a new
V. 81, plant. Compare V. 79, p. 273.
is said to have been one of the questions discussed.
Keystone Telephone Co. of New Jersey. Listing of Voting
670.
p. 1313,
Trust
Of the authorized issue of capital stock
Certificates.
This
Stock.
Cram Writing Machine Co., St. Louis. New
company, incorporated in Illinois last May with $500,000 consisting of $5,000,000 each of common and preferred,
capital stock, has increased the same to $2,000,000 (no there has heretofore been listed on the Philadelphia Stock
Exchange all of the $5,000,000 common and $1,953,350 of
liabilities)
preferred stock.
The Exchange has now listed in lieu
the
Incorporators, Edwin B. Cram, J. A. Lewis, Adolphus G.
of a like amount of the common stock $2,750,000 voting
Meier, R.J. Parvin and others.
trust certificates and authorized the listing of additional cerDauphin County (Pa.) Gas Co. Consolidation. This tificates when from time to time issued against stock deposited
company was incorporated in Pennsylvania July 27 1905 under the voting trust agreement.
as a consolidation of the Steelton Home Gas Co., the MiddleThe voting trust agreement is dated July 1 1905. The voting trustees
town Gas Light Co., the Allentown Illuminating Gas Co. are Charles K. Beekman, John T. Ijams, Michael Murphy, Marcus Beebe
Consolidated
The
capiGas Co.
and George Burnham Jr. The depositary is the Union Trust Co. of
and the Dauphin County
tal stock is $500,000, all outstanding, and all of one class; Philadelphia, and all holders of common stock are entitled to deposit
The voting trust agreement will terminate July 1 1912
their shares.
par of shares, $100. A consolidated mortgage has been or earlier if the voting trustees shall so decide. Compare V. 81, p. 1795,
—
—
—
—
—
made
—
—
—
—
to the Colonial Trust Co. of Philadelphia, as trustee,
gold bonds; denomination $1,000.
to secure $750,000 of
These bonds are dated Aug. 1 1905 and due Aug. 1 1925 but subject
to call on Aug. 1 1915 at 105; interest payable Feb. 1 and Aug. 1 at
Of the authorized issue, $165,000 is outstanding;
office of trustee.
si ^",000 reserved to retire Bonds of constituent companies, viz.: 8125.000
5%
—
1726.
Kinloch-Bloomington Telephone Co., Bloomington,
—
111.
—
Mortgage. This company, incorporated in Illinois on July
14 1905, with $500,000 of authorized capital stock in $100
shares (of which $275,000 is outstanding), as successor of
A
'
Dec
THE CHRONICLE.
30 1906
the Home Telephone Co. of Bloomington, 111., recently filed
a first mortgage to the American 1'ru-t 4 Savings Hank of
20Chicago, a- trustee, to secure an issue of (500,000 ">'
subscribe
the
I
sr,:J
will l>e n
The "amended form
Jan. 10.
i
;
year gold bonds dated July !"'
interest payable Jan. 15 and July 15
Trust Co., St. Louis.
The mo
mingtoo and Normal,
Vnioum
of
ol
St.
16
i
111.;
Seen
1935
\\
.
Kirby Lumber Co. /
announce thai the coupons due Aug.
'.
tificates; also
An
company
Toano
—
&
Mexican Telephone
Telegraph Co.
The Boston Stock Exchao
I
is
$21
—
sir Martin Conway (President), W. B. Gladding C Vice-President),
George H. Harfey (Secretary and Treasurer), George E. Mumford, J. r.
Sheffield. Pierre de P. Ricketts. P. A. Harfey.
—
:
—
i
,900
V".
74, p. 730.
—
—
Old Colony Steamboat Co. Sale. The shareholders on
Dee. 21 voted to sell the property to the New England Navigation Co. See V. 79, p. '-'7.r>n, and report of Ni w York New
Haven & Hartford RR., V". 81, p. 1039; V. 40. p. 255.
;
—
—
Power Co.
Ontario
Superior Power Co.
The first mortg
Fears Coupons—Notice to Bondholder*.
bondholders' committee has reached an agreement with
the Lake Superior Corporation, subject to ratification by
5l of the bondholder- of
a large proportion of whom, it is said, ha
Iral's
The "Buffalo Express" of Dee. 17 contains
Sysi m.
irate plans for the
an interesting artii
tricity, through the medium of the
of this com]
Niagara Lockporf & Ontario Tower Co., as distributing
Valley Co.,
lley ally of the
by the Mi
.\.
Hudson River RR. Co.
Che Ontario
v York Central &
ing 42,000 horse-power and much
Power Co. is now
It is said that
f
llmeni is fi r 250,000 horse-power.
'.
I
7
.
in part:
A. circul
recent report of competent engineers estimates thai
their assent.
A
i
,
1
j
.
i
rep
25,1
work
at
orse-power will be supplied the Central for
Its
The contracl calif for the delivery
Syracuse by March
1906, and the w
of
start.
thi
Niagara power
10,000
of building
in
the
1
line
tri
Mohawk Va
\
81, p.
.
is
being rushed
under "Railroads
1792.— V.
81, p.
divii
i-
I
\
.
tared
i
$4
pel
so, p.
in
189,671.
i
-Tie
d.
rapidly
above and
Osceola Consolidated Copper Mining Co.
ter
[|
—
Northeastern Telephone Co., Portland, Me. Suit.
- n port from Portland says that a bill in equity has been
by the local minority stockholders to prevent the carrying out of the resolution passed at a special meeting of the
to converl $400,000 of common stock into
and the issue of $350,000
cumulative preferrei
k in exchang
150,000 of outstanding mi
authori
0,000 pi
temwhen issued foi
has authorized th<
Companj stock an
porary receipts for Mexican 1
- 15,020 preferred.
The
litiVmal $190,090 common
remaining $298,010 common and $99,030
V. 81, p. 1378.
for corporate purposes.
Michigan Lake
—
Newfoundland Syndicate. .Yew Stock. This New J
corporation, organized Nov. 16 1904 with S300,000 capital
stock, which in July last was increased to $2,000,000, on
Nov. 8 increased its stock to $3,000,000; par of shares 8100.
The Corporation Trust Co. is the agent for the syndicate in
New Jersey. Directors:
its
—
(
—
pa;
950 of
$2,000,000 (par 1100) and the
ii.
unount, p
New "Haven Steamboat ifJo. Called Bonds. See New
York New Haven & Hartford RR. under 'Railroads" above.
located near
in Boston.
is
—
urer,
ai
Company
Navigation Co.— See report of New York
Hartford RR. in V. 81, p. 1039. and >\A
Colony Steamboat Co. below.
On Dec. 1 the company reduced its rates from New
Rates.
York to Boston from $3 to $2, in view, it is understood, of the
new competition. - V. 70. p. 2750.
:
estate
shares ol the
New England
—
Ernesto A. Longa; Secretary
Fundi
New Haven &
.
["resident,
The
Ions,
ing therefor 200,000 shares of Its
James Phillips Jr. Is President; Homer Loring, Vice President;
George *i. Heals, Secretary and Treasurer; James Phillips Jr., Hornet
Loring, M. L. Requa. S. D. Loring, W. tlinckle Smith, Charles Bay den,
C. Sidney Shepard, E. H. Etaynolds and Henry c. Perkins, directors.
1
H^nry A. Clark, No. Ill Wall St. The Mercedita
Cabanas Province of Pinar del Bio.
Itlt.
Nevada Consolidated Copper Co. has purchased
i
railroad, etc.
Robinson Mini
the
In
» 1 1 1
<
share, of
capita] stock of the Railwaj
1
-
>
inanced and are conNevada Consolidated Copper Co. at S6 i» r
which 200,000 shares are reserved fur that purpose. The
1
—
-..
e
is
to the mines.
Ible Into
thorised capital stock, has made a mortgage to the Central
Trust A- Sate Deposit Co. of Cincinnati, a- trustee, to secure
an issue of $75,000 5% gold bonds dated Aug.
1905 and
1908 to Aug.
1927 inclusive
due S3.000 yearly from Aug.
and So.OOO'yeariy 1928-30. Denominations $100 and SnOO;
and Aug. at office of trustee. Presiinterest payable Feb.
dent, John A. Beohtel.
Mercedita Sugar Co. Refunding. This New Jersey company, incorporated Jan. 20 1899, cultivating sugar cane
and manufacturing sugar, etc., in Cuba, paid off, on Sept. 30,
1905, at par and interest, its entire issue of 8125,000 first
mortgage bonds of 1909 and made a new mortgage to the
CentralTrust Co. of New York, as trustee, to secure $300,000
first mortgage 6s, of which $246,000 is outstanding.
Bonds dated Oct. 2 190.5 and due Oct. 1 101."), bul subject to call in any
amount on any interest date at 105. Interest payable April and Oct. l
auat New York office of company; denomination, §1,000; cap
7"> ,000: par of thorized am!
100; property owned in fee, about 4,500 acres, with factory, dwellings, 6 miles ol
l
t
.
mortgagi
Loveland (CO Citizens' Electric Co.
Mortgage. This
company, incorporated last spring with $100,OQO of au-
1
1
I
150 miles south o
In addition to tin
owns the entire capital stock "t the Nevada Not
i
—
—
at
Pine Coui
on the Southern Pacific
I
p. 1411.
statemi
official
located
19
per annum from Aug.
int.
V. SI, p. 1045.
advertisement on another page.
Lake Superior Corporation. S
Superior
Power Co. below. V. 81, p. 1172, L103.
Incorporated. -The Philadelphia Stock
Lit Bros. Co.
change has fisted the $2,500,000 full-paid capital stock (par
Pennsylvania corporation, in lieu of
ot" shares $10) of this
V. 76,
300,000 capital stock of Lit Bros, of New Jersey.
—
stock prioi bo Jan.
d on March 19 1903 to ami nd
dempti
f
h
preferred
\
V. 81,
76, p.
oi
i
i
1
anj
Nevada Consolidated Copper Co. /
Boston Stock Exchange has Listed $4 800,000 ol this com"
of
pany'e authorized issue of $6,500,000 capital
Of the 340,000 shares unissued, 10,000 will
shai
issued to complete plant. 100,000 are
ay bonds.
of plant and 200,000 are reserved to convi
1905 on
the principal of
of certificates
Series"!)'
of $160,000, due Aug. 1 L005, will
paid on and after Jan. 2 at the National City Bi
York, or the Maryland Trust Co., Baltimore, Mtd., oi
company in the City of New York, toner with interest on said coupons and certificates at the
reoeivers
tim
m
to rede,
1910."
the chai
lock at no! less than par."
loiis.
P. 1726,
["hen
i.
Jams, Bloomington,
Louis, Mo.
I
Roy McCanne,
Mis
at
pany not
111.
bonds outstanding 1150,0
without option
'in-
OOOj
ippi Valley
plants at
-
itidend Ina
semi-ann
contrasting with
.
ths
1000.
on<-
Pillsbury -Washburn Flour Mills.
their
Th<
eat
pr
which they
the Trust
"
.
l
rica
I
I
,
—The
wil
£151 ,501
1905
for
nd
thj
'
with_th<
.
p.
1
paying debi
17s
v.
Muncie Pulp Co.
I
npany's planl by
'he
'
accepl
J
receiver's
for the
which
th|
Mi
-V. 81, p.
19.
J
*
Inch
is
prej.
I
cidi d,
to
pay
£54
a
.n<K),
outde-
feri nci
to £46,4
at
D
the enl
I.
For
al
ibscribe
..
the
I
rve.
I
1
,
"
1
' 1
"
~
'''
'
lno
-
<>fl
•lid
(
Willia."
la
-
of the
i
Jan. I"
paid
he pn
.
National Lead Co.
3 p. in.
tent of
tngs, whel
brought
.
by the
ah
-
U
130
there
I
preferei
,
tw-ment on
'.'
Ling
which wae
to
in y< a
P
of
report for the fisca
oiits of £98, 193
b
oi
Richard
II
•
'
.
Londoi
1
his
THE CHRONICLE.
1804
custom, a large sum (£31,747) out of earnings has been used in keeping
our property up to its usual excellent condition. The prospects for this
The crop is abundant and of good quality;
year are certainly brighter.
our mills are working up to their full capacity to keep up with the unWe have sold more flour in the last three
precedented demand for flour.
months than we have ever sold in the same period during the whole time
existed.
company
has
the
We have spent a very large amount of money in this way since 1889
And not only
certainly not less than £500,000, and all out of earnings.
liave we thus kept up our mills to the highest state of efficiency, but we
have enormously increased their capacity. Our daily capacity fifteen
years ago was 14,300 barrels a day; to-day it is 36.000.
The payment
income certificates leaves outstanding:
debentures, £832,000; 8% cumulative
preferred shares (all dividends paid to date), £427,840, and
V. 81, p. 1439.
ordinary shares £427,840. par of shares £10.
mortgage
First
of the
6%
—
—
—
Port Hood Coal Co., Nova Scotia. J udicial Proceedings
Default having been made on the bonds secured by mortgage dated Sept. 30 1899 to the Eastern Trust. Co.. as trustee, and a judgment thereon having been obtained under
date of Aug. 29 1904, the bondholders and other creditors are
notified to submit their claims on Jan. 5 to James Terrell, the
V.
solicitor for the plaintiff, Metropole Building, Halifax.
'
—
74, p. 1255.
Pure
Oil
Co.
— First
stock.
On
gating
6%
Common.
Dividend on
pany has declared a dividend
2%
of
— This
on $3,500,000
com-
common
the preferred ($1,250,000) dividends aggreannually have been paid for ten years past.
Authorized share capital: Common, $8,000,000, par $5;
cumulative preferred, $2,000,000; par $100.— V. 72, p. 876.
Mortgage. This subReliance Portland Cement Co.
sidiary of the American Cement Co., which is building a
plant at Egypt, Pa., has filed a mortgage to the Equitable
Trust Co. of Philadelphia, trustee, to secure $600,000
of 6% 20-year bonds, per plan in V. 80, p. 2224.
—
&
—
—
—
Holding Company. PittsSteel Co.
burgh advices state quite definitely that plans are in contemplation for the formation of a holding company to control
this corporation and the Tennessee Coal, Iron & RR. Co.,
and possibly also the Sloss-Shemeld Steel & Iron Co., the
La Belle Iron Works (V. 81, p. 1495), etc. The resignation
of John A. Topping from the presidency of the American
Sheet & Tin Plate Co., effective Jan. 1, is believed to foreshadow his taking the head of the new organization. See
V. 81, p. 1796, 1562.
Republic Iron
—
Roberts, Johnson & Rand Shoe Co. of St. Louis. New
This Missouri corporation has filed a certificate of
Stock.
increase of authorized capital stock from $2,000,000 to
"Assets, $3,452,130;
$2,500,000, all the increase paid.
liabilities, $984,990."— V. 78, p. 107.
Mortgage. This company,
St. Louis & O'Fallon Coal Co.
which in 1898 was reported to have purchased some 1,400
acres of coal lands about two miles south of O'Fallon, 111.,
has made a mortgage to the Illinois State Trust Co. of East
St. Louis, 111., as trustee, to secure an issue of $300,000 5%
gold bonds of $1,000 each, all outstanding.
—
—
—
Capital stock authorized and issued, $150,000; par of shares, $100.
Above-mentioned bonds are dated Nov. 1 1905 and mature Nov. 1 1925,
but are subject to call at 105 and interest in and after 1910. Interest
payable May 1 and Nov. 1 at office of trustee. Sinking fund, 3 cents per
ton.
President, J. M. Browning, St. Louis, Mo.; Secretary and Treasurer, Charles A. Wall. East St. Louis.
South Dakota Water Co., Sioux Falls, S. D. Receiver.
Judge Carland in the United States Circuit Court at Sioux
Falls on Nov. 27, on application of the American Water
Works & Guaranty Co., appointed President J. H. Purdy of
Pittsburgh as receiver of the company. The receivership
follows the recent decision of the United States Supreme
Court against the company in its suit to prevent the city from
operating a municipal water plant.— V. 79 p. 790.
—
—
Co. —Receivership. —
[Vol. lxxxi.
5%
written $5,250,000 40-year
bonds and $2,750,000 preferred stock of this California enterprise.
The securities
were issued to secure a loan. The prospectus says in part:
The present plans contemplate a development of over 25,000 elect rica
horse-power, and in addition thereto water equivalent to 16,000 electrica
horse-power will be diverted at the power-house site so as to be available during a great part of each year for hydraulic mining on the company's property or for sale to independent mines. It appears that within
a radius of 50 miles of the power-house site, over 20,000 horse-power,
developed by steam, is now used by mines which, by purchasing electric
current at $60 per horse-power per year, can effect large economies.
A
comprehensive canvass indicates that a large portion of any power that
remain
may
can be sold in the manufacturing and agricultural districts
lying between the power-house and San Francisco.
The following
properties will be owned:
(1) The right to use 300 cubic feet of water
per second from the Middle Fork of the Stanislaus River at or near
Sand Bar Flat, Tuolumne County, Cai.; (2) two storage reservoir sites,
containing about 1,120 acres; also 160 additional acres of land in the
Government forest reservation; (3) 1,300 acres of timber land; (4) powerhouse site of 40 acres; (5) a controlling reservoir site of 80 acres; (6) the
San Domingo Gold Mining property of about 1,240 acres, &c.
Capitalization authorized:
Forty-year first mortgage 5% gold bonds,
$10,000,000; 6% preferred stock. $3,000,000; common stock, $10,000,000.
issued at the outset for the acquisition and development of the
property, not more than $6,000,000 bonds, $3,000,000 preferred stock
and $8,250,000 common stock, leaving for future use $4,000,000 bonds
and $1,750,000 common sto k. The bonds will be a direct lien upon all
the property of the Stanislau-; Electric Power Co., and will be redeemable
as an entirety at the option of the company at 110 on and after Jan. 1
1913.
The stock, both preferred and common, will be that of the Stanislaus Water Power Co. (a holding corporation organized or to be organized under the laws of New York or of such other State as counsel
may advise), which will be the sole owner of all the stock of the Stanislaus Electric Power Co. except such shares, if any, as may be needeo to
qualify directors.
The preferred stock will be redeemable as an entirety at the option of the company from and after Jan. 1 1913 at $130
per share, and dividends thereon will be cumulative from and after
Jan. 1 1910. [Subscriptions were asked on a basis of $10,000 of bonds
and $5,000 preferred stock for $8,500.]
[The Stanislaus Electric Power Co., the operating company, was incorporated in Connecticut on Dec. 20, with $10,000,000 of authorized
capital stock, and the Stanislaus Water Power Co., the holding company, in Maine on Dec. 23, with $13,000,000 of capital stock, classified as
To be
above stated.]
Estimated earnings based upon a development for which it is estimated that sufficient 'provsi on will be made by means of $5,500,000 of
bonds and $2,750,000 of preferred stock: Earnings from electric power
after paying operating expenses and taxes, $480,000; interest on $5,500,000 bonds, $275,000; net income from mine operation, $216,000; surplus
&c, $421,000.
Actual construction has already commenced and the
work, we are informed, will be pushed to completion as
fast as possible.
The plans as adopted call for a power
plant at Subletts Crossing, about 6 miles from Murphys,
Calaveras County, and the establishment of storage reservoirs at the headwaters of the Stanislaus River; a diverting
dam; a flume and ditch system 153^ miles long, with a
capacity of 300 cubic feet of water per second; a large
equalizing reservoir above the power-house site; a system
of pipe lines, which will deliver the water to the powerhouse under a head of 1,500 feet; a power-station, with
a capacity of 20,000 K. W.; and a transmission system
for dividends,
which willjprovide for the distribution
of power to a market
within a radius of 150 miles of the power-house.
The
engineering and construction work is to be in charge of
Sanderson & Porter, Engineers, of New York City.
The proposition is backed by strong interests in Boston,
Chicago, New York and San Francisco. Beach Thompson,
of San Francisco (whose Stanislaus properties and rights
have been acquired) will -be associated with the enterprise,
and H. P. Veeder and James K. Moffitt, of San Francisco,
and Harvey P. Goodman, of Napa, Cal., are also interested.
The Knickerbocker Trust Co., of New York, is the trustee
for the bond issue.
John B. Stetson Co. Extra Dividend. The directors on
Dec. 22 declared a semi-annual dividend of 4% on the preferred stock for the half-year ending Nov. 30 1905, a dividend of 10% on the common stock, and an extra dividend
of 5% on the common stock, payable Jan. 15 1906.
V. 76,
—
—
—
p. 269.
Southeastern Iowa Coal & Mining
Stockton (Cal.) Water Co. Bonds Called. First mortgage
This company's property at Hamilton, Iowa, was on Dec. 4
placed in the hands of M. H. Byers, as receiver, by order of bonds Nos. 1 to 36, inclusive, have been called for redempJudge McPherson, in the United States Circuit Court, on ap- tion and will be paid at 105 and interest at the Illinois Trust
See Calplication of Eastern creditors, represented by Bateman & & Savings Bank, Chicago, trustee, on April 1 1906.
Brett of Des Moines. The Judge appointing the receiver set ifornia Gas & Electric Corporation on p. 85 of "Street Railaside the bankruptcy proceedings in which the company ad- way" section for October.
mitted its bankruptcy. There are no bonds outstanding.
Swift & Co. Options on Oregon Plants.- The "Oregonian"
Sperry Flour Co., California. Stock Offered. The Cali- of Portland, Ore., states that this company has "secured
fornia State Bank of Sacramento recently offered for sale options on the Union Meat Company's property in Portland
a block of this company's capital stock at $100 per share. and at Troutdale, at an approximate valuation of $1 ,000,000,
and will, if the present plans materialize, build one of the
A San Francisco paper says:
The company has paid dividends every month for 12 years. The largest and most complete meat-packing and curing plants
There is a reserve fund of $500,000. in Portland to be found west of Omaha and Kansas City.
rate is 50c. per month per share.
All the properties are paid for, and there is neither mortgage nor bonds
V. 81, p. 1796, 1677.
on any part of them.
—
—
—
—
—
—
—
—
—
Tamarack Mining Co. Dividend Increased. The direcSpokane Falls (Wash.) Gas Light Co. See Union Gas Co.,
tors
yesterday declared a semi-annual dividend of $3, as
below.—
V.
Spokane,
79, p. 2700.
V. 81, p. 210, 36.
against $2 six months ago.
Standard Rope & Twine Co. Plan Successful. More
Tonopah Mining Co. of Nevada. Second Dividend. The
than 90% of the outstanding bonds has been deposited
directors on Dec. 18 declared a second quarterly dividend of
reorganization
and
its
plan
of
(V.
under the
81, p. 1726),
The deposits include all except 25% (25 cents per share), payable Jan. 22 to stock of record
success is therefore assured.
Jan: 12.— V. 80, p. 1975.
about $260,000 out of a total of $2,740,000 first mortgage
Union Gas Co., Spokane, Wash. Further Facts. The
bonds and more than $6,000,000 out of a total of $6,800,000
income bonds. While the time for making deposits has circular of N. W. Halsey & Co. offering at par and interest
expired it is understood that for a few days further deposits $400,000 first and collateral trust mortgage 5% gold bonds
of $1,000 each, dated July 1 1905, due July 1 1935 without
will be received.— V. 81, p. 1796, 1726.
New Enterprise Un- option of prior payment, says in substance:
Stanislaus (Cal.) Electric Power Co.
Interest payable Jan. 1 and July 1 at office of N. W. Halsey & Co.,
L. Eldridge of the
F.
Anthony
&
Co.,
Tucker,
derwritten.
New York, without deduction for tax. United States Mortgage & Trust
Knickerbocker Trust Co. and C. C. Cuyler, of Cuyler, Mor- Co., New York, and George M. Cumming, trustees. Capitalization:
gan & Co., are managers of a syndicate which has under. Capital stock outstanding, $600,000. Mortgage debt: First and col-
—
—
—
—
—
—
,
—
—
—
—
—
— —
THE CHRONICLE
Dec. 30 1905
lateral trust Ss, Issued and outstanding, 1400,000; reserved foi
tensions and Improvements, under carefulb drawn restrictions, 1600,000;
total mortgage bonds authorised, Si ,000,000.
Earnings ana expenses of the Spokane Falls Qas Light Co. (over
99 l". of whoso stock Is owned bv the Union Gas Co. ana pledged under
Cross earnings, this mortgage) for year ending Sept. .'>i> 1906:
operating expenses and taxes, 106.648; net earnings (o
of which
accrue to the Union «;.!- Co. ana arc available for its bond Interest),
year's
interest
$42.04.5; one
on entile outstanding bond issue of the
Union Gas r
100
(As said below the new plant of the Union
k
Gas Co., which is twice the site of the plant of the Spokane Gas Light
Co.. was not placed In operation, adilint; to the earnings, until October
190.-).— Ed.l
The Union Gas Co. ana the Spokane Falls Gas Ight Co. are conducting the entire ma business of Spokane, Wash.
The Union Gas Co.
was Incorporated on Oct. r> lt'04 and owns, in fee, a thoroughly modern
gas generating plant with a capacity of 400,000 cubic feet dally, oi
twice the present consumption of the entire city.
This plant was put
in operation in October l&Ofi, and Is newly constructed throughout.
In addition the company has installed tl
miles of mains and will rapidly
increase this distributing system to territory hitherto unserved; also
of the capital stock of the Spokane Falls Gas Light Co.,
owns over '.>;>
which has a daily producing capacity of about 800,000 cubic feet, ami
owns 42 miles of mains. The two companies have an annual manufacturing capacity of 210.000,000 cubic feet of gas ana distribute their
product through 4SH miles of mains.
lite Spokane Falls Cas Light
Co. has no bonded debt. ami. under the terms of the mortgage, the
pledced stock cannot be voted to authorize any mortgage except to the
Union Gas Co., nor to increase the amount of its stock outstanding.
Additional bonds under this mortgage may be issued only upon our
written approval, tiled with the trustee, and as follows;
Upon
(1)
completion of new plant of The Union Gas Co., $150,000; <2> When the
company's net earnings for one year have equaled twice the interest
on outstanding bonds ana on the additional issue, 1115.000;
Foi
80% of cost of extensions. Improvements, etc., anil when the company's
net earnings for one year have equaled twice the interest on outstanding bonds ana on the additional issue. 1335,000.
The .sinking fund
front July 1911 to July 191 fi inclusive shall be equal to 1'
of all outstanding bonds, and each year from July 1917 to maturity 2'
10 be
in\ ested, with accumulated interest, in the bonds at not exceeding 1 10 ana
Interest, or, falling this, in approved bonds yielding at least :i',\ per
annum. The sinking fund payments will, at maturity, by the terms
of the mortgage, extinguish more than t>0'
of the outstanding bonds.
The municipal franchise of the Union Gas Co. extends to 1954 and
that of the Spokane Falls Gas Light Co. extends to 1945, both free from
burdensome restrictions. They provide for fair compensation to the
city, such payments in the case of the Spokane Falls Gas Light Co.
having been deducted from earnings in foregoing statement. Gas is
sold at $1.50 per 1,000 feet, a low rate for this section of the United
States (where coal sells at $4.60 per ton) ami is 50 cents per 1,000 feet
below the maximum price specified in the ordinances.
V. SI, p. 1612.
<
1
.
'
_.
;
,
;
,
;
1855
bah Copper Co. There are 88,
standing subject bo call at
10,
bonds out-
1,000 of these
V. 81, p.
197,
1
1
-
1
—
United States Steel Corporation. Profit-Sharing Plan.
President Gary os Dec, 15 announced thai bhe employees of
the corporation and BUbsidiary companies Will be given the
opportunity to subscribe for bhe preferred Btock 01 bhe corV Bl, p. K'.7S. 1373.
poration for 1906 al par.
Wanango
Oil Co.
—
Listed in Pittsburgh.
The Pittsburgh
$1 )0 .000 capital stock, all of
Stock Exchange has listed the
one daSS] par of shares $50.
it
The company operates
in
VenangO, Crawford and forest counties, Pa., its S wells,
it is said, having a total production of 300 barrels per day and
The Btock
yielding net earnings of 8140,000 per annum.
pays quarterly dividends of 1%.
The only liabilities shown
by the balance Bheel of Sept 30 are bills payable, 861 ,376, and
accounts payable, 81,529. incorporated in Pennsylvania in
March 1905 as a consolidation of the Norwood Oil A Qas and
Mohawk Oil companies. An officer says the company is "do1
1
.
ing a very prosperous business." President, J.
Secretary and Treasurer, John U. Head Miner.
M
.
Critchlow;
Westinghouse Machine Co. -New Securities. The shareholders on Dec. '_'3 voted to Increase bhe capital stock from
S.-, .000.000
to SI 0.000 .01 10 and to make a new bond is.-ue
for MO. linn. 000. of which SI. 500 ,000 will presumably be
The large
reserved to retire the present funded debt.
demand for the company's Parson turbine, its automatic
stoker and its gas engines, it is said, renders necessary
additions to the plant, which already employs about 1,000
men.— V. 81, p. 131S.
'
— Wm.
A. Read & Co., 25 Nassau St.. are this week offering investors, on another page, a choice list of investment
securities, among which may be noted: $100,000 Chic. Mil-
3^%
waukee A St. Paul Ry. gen. mtge.
gold bonds; $100,gold bonds; $250,000 Coal
000 Illinois Central RR. 314
River Ry. (C. & O. system) purchase money 1st mtge. gold
—
bonds; $100,000 St. Louis Iron Mountain & Southern Ry.
Union Light, Heat & Power Co., Fargo., N. D. Change in (Mo. Pae. system) River and Gulf Divisions 1st mtge. 4%
Control.
The stock owned by Messrs. William and St. Clair gold bonds; $150,000 Lehigh A Wilkes-Barre Coal Co. (C.
Mainland having changed hands, the following officers are RR. of N. J.) con. (first) mtge. extended 4^£% bonds;
announced: President, Paul Doty, St. Paul; Vice-President, $100,000 Texas & Pacific Ry. 1st con. (now first) mtge.
J. W. Smith. Fargo; Secretary, O. G. Barnes; Treasurer, 5% gold bonds, and several other important issues.
J. W. Smith.— V. 80, p. 1239.
%
—
& Water
Union Light
Successor Company. This corporation was organized on Sept. 6 1905
with $2,000,000 of authorized capital stock, in shares of SI
each, by the Fleishhacker interests of San Francisco, to merge
or control, as the case may be, the Reno (Nov.) Power,
Light & Water Co. (see V. 81, p. 618), the Washoe County
Power & Depelopment Co.. the Hunter Creek Water Co.
and the Sparks Water Co. Incorporators: Richard Kirman,
John Humphreys. Jos. Martin. M. Fleishhacker, F. H. Buck,
R. E. Wallace and H. A. Cooke. So far as known, the new
company has issued no bonds. We have not succeeded in
obtaining an official statement regarding the merger, but
Julius Christensen & Co. of Philadelphia, who placed the
i>onds of the Reno Power, Light & Water Co., favored us
witli the following under date of Sept. 19:
The entire issue of 8750,000 bonds of Reno Power, Light &Water Co.
will remain outstanding, but the stock of said company will be exchanged
A controlling interest of the
for that of the L: nion Light & Water Co.
Washoe Power & Development Co. has been deposited with the Mercantile Trust Co. as additional security for the Reno Power. Light & Water
Co. bonds. As to the Hunter Creek Water Co. and the Sparks Water Co.,
—
we
Co., Reno, Nev.
are not informed.
— On
goffin
new co-partnership of Denning & Macommence business at 19 Wall St. The firm
Jan. 2 the
will
will deal in general investment securities, particularly trust
funds, savings bank bonds and bank stocks.
Stewart
Denning, son of E. V. Denning, formerly a partner of A.
T. Stewart, has been associated the past two years with
James R.
a well known New York brokerage concern.
Magoffin, who comes from a Pennsylvania banking family,
has represented a Western bond house in New York for
the last six years.
— The
co-partnership existing under the name of KinniPotter has been dissolved by mutual consent and the
offices occupied by the firm at 1 Nassau St., this city, will
hereafter be conducted by Kissel, Kinnicutt & Co. The latter is composed of Gustav E. Kissel (heretofore special partner in the firm of Kinnicutt & Potter, and prior to that senior
partner of Kessler & Co.) and G. Herman Kinnicutt. The
firm of Potter, Choate & Prentice will be organized by Mr.
Potter, with offices in the Hanover Bank Building.
&
cutt
—Attention
is
called to the offering
by the Western Trust
& Savings Bank, Chicago, of the Charles Netcher
Filed. — The
first mortgage 10-year 5 per cent gold bonds.
The
building
United Box Board & Paper Co. Mortgage
building
new general mortgage to secure $2,750,000 of f> '7 bonds, is occupied by the "Boston Store" in Chicago and the
authorized under the plan to retire existing indebtedness, $700,000 of bonds it is stated are secured on property valued
i- being filed for record, the trustee being the Trust Co.
at $2,700,000.
See particulars in the advertisement on
of America, New York City.— V. 81, p. 1798, 1678.
another page, and also the last issue of the "Chronicle",
United Copper Co. Increased Dividend. The directors page 1795.
on Tuesday, having set aside out of the net earnings for the
Plympton, Gardiner & Co., bankers of New York,
year 1905 the entire amount necessary for the payment of
Boston, are offering in our advertising columns
the regular dividend on the preferred stock during the year Chicago and
very choice list of investment
on
another
page a
1906 (6% amounting to $300,000), declared a regular quarA
of the company's January circular
securities.
copy
extra
an
stock
and
terly dividend of lj^^c on the common
offering a very complete assortment of railroad, public
dividend of /2
payable Jan. 3 1906. to stockholders of
service, corporation and guaranteed stocks (tax exempt)
its
record Jan. 8.
The company paid the first dividend on
and will be furnished upon request.
$45,000,000 common stock on July 31 1905, being Y2
the
regular
The Bank of New York. N. B. A., has declared a semi14% extra. The present declaration increases
common stock dividend to 5% per annum and continue- the annual dividend of 6%, payable Jan. 2 to stockholders of
(
—
—
l
'
'<
•
%
—
—
V. 81, p. 564,
extra dividend at the rate of 2% per annum.
216.
United Metals Selling Co. Dividend Increased. This
company, controlled by the Lewisohn and Amalgamated
interests, is reported to have paid on Wednesday a dividend
record Dee. 22. This is an increase of 1% in the half-yearly
dividend rate, which has been 5% for some years pa.-t. The
Bank of New York is the oldest bank in New York. It was
incorporated in 1784. It has a capital of 12,000,000 and a
surplus of 82,742,000.
20% on its $5,000,000 capital Btock, contrasting with
an annual rate in recent years of 10%. Bee V. 7o\ p. 334;
to-day issuing
V. 78, p.
for
—
—
— Messrs.
of
1553.
United States Independent Telephone Co.—
—
Stock.
This New Jersey corporation filed an amended certificate in197.
creasing its capital to $50.000 ,000. Bee V. Bl, p. 1798,
\
<>/•
1
United States Reduction & Refining Co. T<> Buy in
Bonds. The New York Trust Co., trustee, will receive sealed
proposals up to Jan. 15 for the ale t,, \\ of fir-t mortgage 6%
sinking fund gold bonds of 1901 sufficient to use 8253,460
of the sum, about 8900,000 received, or receivable, from tin-
—
•
sale of the holdings of the
United
81
impany
in
the
special
of this city and Boston are
a descriptive circular of -elected Investments
January requirements. Copies of this circular
be furnished applicants
will
at
Mackay A Company
Nassau and Pine
at
Bts. or 13
the firm's
New York
<>th
Congress St., Boston.
—
Libbey A stmt her- 30 Broad St., have issued their
January investment circular describing a number of railr
bond Issui
The circular will be mailed on reQUOSt.
— The
:
of
old partner-hip of Kinnicutt
Mi
-
King-ley
.1- to
be succeeded on Jan
& Adam-.
A
Witt of Wor1906 by the firm
!>••
1
THE CHRONICLE.
185(>
$yVpoxt$
[Vol. lxxxi.
and Sontwcuts
BROOKLYN RAPID TRANSIT COMPANY.
OFFICIAL STATEMENT TO THE NEW YORK STOCK EXCHANGE IX CONNECTION WITH
OF FIRST REFUNDING MORTGAGE FOUR PER CENT BONDS.
Brooklyn, N. Y., December 11 1905.
rring to its original application of February 15 1904,
and to its supplementary applications of Augusi 22 1004,
January 27 1905 and April 4 1905, the Brooklyn Rapid
Transit Company hereby makes application for the listing of
$3,042,000 additional Brooklyn Rapid Transit Company's
First Refunding Gold Mortgage Bonds, numbered consecutively from 17,001 to 20,042, both inclusive, of the par value
These bonds are secured by a Mortgage or
of $1,000 each.
Deed of Trust to the Central Trust Company of New York,
bearing date July 1 1902; maturing July 1 2002, and for the
amount of $150,000,000. The bonds issued bear interest at
the rate of Four per Cent per annum, payable on January 1
and July 1 in each year. Principal and interest are payable
<
in gold coin at the office of the Company or its financial
agency in the City of New York, which, for the payment of
interest, is at present the Central Trust Company of New
York. The bonds are in both coupon and registered forms.
Coupon Bonds are exchangeable for Registered Bonds and
Registered Bonds for Coupon Bonds.
Coupon Bonds may
be registered in the name of the owner, such registration
being noted on the bond. The Registrar for both Coupon
and Registered Bonds is the Central Trust Company of New
York. Registered Bonds shall be of the denomination of
$1,000 or $5,000 each. The bonds are redeemable at the
option of the Company from time to time before July 1
2000, after due notice shall have been given, by payment of
the principal and interest accrued to the date of redemption
specified in such notice, together with a premium of Ten
per Cent of such principal, and after July 1 2000 by payment
of principal and accrued interest.
The amount redeemed
from time to time shall be determined by the Company, and
the bonds so redeemed shall be drawn by lot by the Trustee
from the numbers of the then outstanding bonds, both
Registered and Coupon, and shall not bo reissued. The
bonds covered by this and the previous applications and all
bonds subsequently issued, unless otherwise stated on the
bond, are convertible on or before July 1 1914, into the same
par value of the Capital Stock of the Brooklyn Rapid Transit
Company, and bonds so converted shall be canceled. The
necessary corporate action has been taken by the Stockolders and the Directors to increase the Capital Stock of the
Company from time to time sufficiently to provide for delivery of shares of stock in exchange for bonds as they may
be presented for conversion.
The First Refunding Gold Mortgage is a direct lien upon
all the property of the Brooklyn Rapid Transit Company,
subject only to the Gold Mortgage of October 1 1895 for
$7,000,000.
There have been issued by the Company under the terms
of the First Refunding Gold Mortgage, and authenticated
and delivered by the Trustee under Sections 2 and 5 of said
Mortgage, $22,364,000 of bonds, of which $20,042,000 par
Of this amount
value have been sold and are outstanding.
$5,000,000 par value of bonds were under the terms of the
Mortgage delivered forthwith to the Company upon the
execution of the Mortgage, tofconstitute a working fund for
additions and improvements, said fund to be replenished
from time to time as the same should be reduced by such expenditures.
There are held in the treasury of the Company
unsold $2,322,000 of bonds.
The following property has been acquired at the cost indicated and deposited with the Trustee, as required by the
Mortgage, to secure the bonds:
Certificates of Indebtedness of following Companies,
covering actual cost of power houses, constructed or in
process of construction, real estate, equipment, etc., none
of which is otherwise encumbered except for real estate
Brought forward
(8) stocks of
THE LISTING
66
$; 6,081 ,696
tin-
following Companies at
cost
price
thereof:
Brooklyn Union Elevated Railroad Company,
13,467. 376 shares of Common stock and
1,218.8730 shares of Preferred Stock
$462,545 20
--ii.u
Electric Railroad Company, 3,073
shares and 176 scrip (Cumulative Four
per Cent deferred Stock)
South Brooklyn Railway Company, 1,500
shares (including option on snares qualifying Directors)
Transit Development Company, 250 shares
(entire Capital Stock;
N;j
305,386 20
550,177 43
25,222 64
1,343,331 56
Total cost price of properties deposited with Trustee of
Refunding Gold Mortgage
$17,364,955 22
Certificates of Indebtedness described above bear
interest at the rate of Five per Cent per annum and provide
that the Companies issuing same will not additionally mortgage or in any other way encumber the property covered
by the Certificates so long as the Certificates shall remain
unpaid, and that when and as any or all of the property
covered by the Certificates shall be sold, the proceeds thereof
will be applied by the Company issuing the same either to
the payment of the Certificates or to the purchase of other
property, which shall be held subject to the terms and conditions of the Certificates.
Subject to the lien of the Gold Mortgage of October 1 1895 r
provision for the retirement and cancellation of which is
made in the First Refunding Gold Mortgage of July 1 1902 r
the latter Mortgage covers the following property:
$17,364,955 22.
(1) Properties listed above at cost price thereof
(2) Stocks of constituent Companies of Brooklyn Rapid
First
The
,
Transit Company (in addition to those included in preceding paragraph), at par value, namely:
Brooklyn Heights Railroad Company
$200,000 00
Brooklyn Union Elevated Railroad Company, Preferred
4,641,659 00
Brooklyn Union Elevated Railroad Company, Common
11,095,258 00
Nassau Electric Railroad Company, Pref. 6,052,200 00
Nassau Electric Railroad Co., Common.. 8,500,000 00
Brooklyn
Queens
County
& Suburban
RR. ComDany
2,000,000 00
1
32, 4S9, 117.00'
Guaranty fund for the performance of lease of the
Brooklyn City Railroad Company to the Brooklyn
(3)
Heights Railroad Company, comprising $2,000,000 par
value First Mortgage Bonds of Brooklyn Queens County
& Suburban Railroad Company and $1,627,000 par
value First Consolidated Bonds of Brooklyn City Railroad Comoanv, said fund being subject to forfeiture in
case of default in terms of the lease
(4) Advances to constituent Companies for additions and
3,627,000 00
of railroad properties prior to December
31 1903, other than the above, viz.:
$5,380,476 79
Brooklyn City Railroad Company
1,804,171 42
Nassau Electric Railroad Company
improvements
Brooklyn Union Elevated Railroad Co
Prospect Park & Conev Island RR. Co
837,413 55
203,426 96
S, 225, 488
72
Grand total, including stocks and bonds at par value _?61 ,706,560 94
In addition the constituent Companies own stocks and
bonds as follows:
Nassau Electric Railroad Company, all the Capital Stock of
the Sea Beach Railway Company
Nassau Electric RR. Co., all the Capital Stock of the Coney
Island & Gravesend Railway Company
Nassau Electric Railroad Company Bonds (Nassau Consolidated
$650,000
35 ,400
29,000
Fours)
Brooklyn Heights Railroad Company Bonds (B. Q. C. <£ S.
RR.' Consolidated Fives)
Transit Development Co., all but $20,000 of the stock of American Railway Traffic Co
Transit Development Company, B. B. <fe W. E. Second Mortgage Fives
50,000
980,000
1
,000
(1)
SI ,745.400
purchase money mortgages aggregating $33,000:
Transit Development Company
$8,370,259 87
Brooklyn Queens County
road
Company
& Suburban
Rail-
South Brooklyn Railway Company
American Railway Traffic Company _.
Coney Island & Gravesend Railway Company
672,524
232,717
523,591
8,377
00
26
13
64
89,807,469 90
Indebtedness representing the obligations of the following Companies for advances made for
the actual cost of improvements and additions to railroad
properties (including part of the cost of converting elevated railroads to electric railroads), such improvements
and additions being first subject, however, to the liens of
the Railroad Mortgages of those Companies:
Brooklyn Heights Railroad Co. account
Brooklyn Union Elevated RR. Co
$3,412,579 82
Brooklyn Heights Railroad Co. account Nas400,510 90
sau Electric Railroad Company
Brooklyn Heights Railroad Co. account
1,474,335 77
Brooklyn City Railroad Co
Brooklyn Heights Railroad Co. account
372,895 91
Prospect Park & Coney Island RR. Co...
119,873 62
Sea Beach Railway Company
Company
433,957 74
Nassau Electric Railroad
(2) Certificates of
Of the authorized issue of $150,000,000 bonds of the First
Refunding Gold Mortgage, there are reserved under the
Mortgage $61,065,000 to retire or take up the $7,000,000
Gold Mortgage Brooklyn Rapid Transit Bonds issued undei
the Mortgage of October 1 1895 and $54,065,000 Bonds
issued by the constituent Railroad Companies, a complete
The
list of which is set forth in our original application.
purposes for which the remaining $88,935,000 of bonds may
be issued, and the conditions relating thereto are also set
forth in our original application.'- ^>'J» * •' • '/"
STATEMENT OF ISSUANCE FIRST REFUNDING MORTGAGE
BONDS.
-
upon execution
Mortgage and for
Issued
of
corporate purposes . _
Subsequently issued for
property acouisitions,
as per list of expenditures
6,214,153 76
'
'
'
Bonds
listed per application A, Feb. 15 1904 $5,000,000
$5,000,000! Bonds listed per applicaI
I
I
tionB, Aug. 22 1904_
Bonds
tion C, Jan. 27 1905.
17,364,000 Bonds listed per application D, April 4 1905_
This application to list E
Treasury bonds
$22,364,000!
5,000,000
listed per applica-
5,250.000
1,750.000
3.042,000
2,322.000
$22,364,000.
»
c.
COMPAB
\
.
.
THE CHRONICLE.
30 1905.
!
i\
ii:
i:
rRANSIT SYSTEM
STA .1 Ml \ r OF BROOK! \ \ R IPID
FOR FIVE MON riN ENDING
NOVEMBER
IND
30 LOOS
aingBtroma
-iniiiisrs from opera ti<
\
Income from other
months
The following
COMMERCIAL EPITOME.
71 61
si
436.S03 77
W
$687,148 04
$1,059,075
.i
170,58007
1796
-
September 30 1905 of Brooklyn Rapid Transit Company
and constituent Companit s:
of
."t
oi
accounts for the calendar year
The monetary situahas received considerable attenl
idvance
in the rate of interest tor call mom y to an exi ep1 tonally high
figure has been a facti
peculatit
iewing
the past year, it is evident that unusual business prosp ritj
has been experienced in many Lines and the outlook is for
continued activity; in fact, from some trades come repot
their
$646,
,
lint
trade, merchant- generally now being engaged in closing up
175,061
•
L906.
Holiday dulnesa has been reported from most
$721,
•
General Balance Sheel as
-
Friday Night, Dee. 29
17,570 18
tOl
$1,510,208 71
257,222 80
Coo
a
is
or
;
081
i
irptafl for ti'.e
.1
11
Total income
(8,775,070 76 13,053,603 33
1,71152
Less taxes and fixed charges. 2,264.772
S
r
2,961,984
84,10
Special appropriations
The Commercial Times.
1004.
,830,440 22 16,864,058
4,138,486 68 8,012,
-
expenses
is.V
L904
In
1005.
rting
.
tion
Si
Oost of road and equipment
$108,886,72
Properties owned in whole or in p. in by B. K. r. Oo.
\
account of construction for leased Companies
7,018,777 24
Brooklvn City RR. Co
$0,5 11.62
Pros. Park & C. I. RR. Co
487.154 V\
tructioa expenditures constituent C<
3,040,270 41
To be reimbursed by issuance of B. ii. r. First
funding Gold Mortgage Four per Cent Bds.. upon
deposit with Central Trust Co., Trust
If)
cates of Indebtedness to co
Guaranty futul (securities and cash)
4,005,755 00
848,000 oo
Treasury bonds
B. U. T. 1st Ref. Gold Mil
(8,080 oo
stock
Current assets
146.228 00
3,157,408 70
on hand
from companies and individuals.
Construction mutt rial and genes*) supplies on hand
Real estate mortgages
«id accounts
Discount on bonds. _
.
02 61
c>tu>.<'>2l
months
new
of the
year.
hard on the spot has dragged, holiday dulnese being experienced, ami during the latter part of the week prices declined.
The (lose was steadier at 7. Toe. for prime Western
and 7.86c. for prime city. Refined lard has continued to
meet with a slow sale and prices have been easier, closing at
7.90c.
refined
for
to
sale.-
the Continent.
Speculation in lord
has been moderately active, but under
for
realise
profits
have weakened.
prices
The
close
firmer on shorts covering.
wa.-
;*<>
DAILY CLOSING PRICES OP
882,806 90
8,500 00
129, 4«7 74
.
for the first
for future delivery
110.000 00
Otliiry
of fairly free contracting for supplies covering requii
I.
A HI)
304,62008
.
$123,266,786 29
Total
Dec. delivery
Jan. delivery
May delivery
7..V,
Holi-
7.4.",
dav.
lTUKCS
Tuei
7.50
7.40
7.47'-
Sat.
7.50
Wed.
IN
CHICAQO.
hri.
ThtlTB,
7.32^
7 .2
7.20
7.26
7.40
7.37H
7.47H
7.30
7.30
The demand
Liabilities.
Capital Stock
$45,956,40.-) 28
Brooklyn Rapid Transit Co
$48 .000.000 00
Outstanding Capital Stock of constituent Companies
950,105 25
Bonded debt
72,304,040 00
Brooklyn Rapid Transit Co
Bowled debt
sO.OOO 00
ooo oo
000 00
to .000 ,040 00
050 000 00
23 .000 ,ooo oo
2.50
.
6 .624
329 040 00
2,021 870 82
Current liabilities
Audited vouchers
...
491 89
$1
Due companies and individuals
Taxes accrued and not due _
interest and rentals accrued and not due
Interest accrued on real estate nitges.
and not due
120 184 15
399 280 4 2
082 120 84
371 28
51 428 27
Insurance reserve fund
Special reservation account, damagi
Contractors' deposits
Long Island Traction Trust
Accounts to be adjusted ..
10 000 00
Fund
Surplus
i
,080 421 57
..SI 23. 200, 786 29
— The
Certificates of Indebtedness issued by constituent Companies, aggregating $13,438,867 79, against which B. K. T. bonds hare
been issued, do not appear separately on this Consolidated Balance
Sheet, as the property purchased appears as an asset under the head of
Note.
Tallow has advanced, closing steady at
extra India mess.
Stearincs have been quiet and unchanged at 8@
4->£c.
Cotton8J4c. Ior J*rd stearine raid 7 3 ,jc for oleo Btearine.
seed oil has been quiet but steady, closing at 30@30}£e. for
Butter has been in fair demand and higher
prime yellow.
for the better grades, closing at 18@26e. for creamery.
Cheese has advanced slightly and closed linn at lli^@14e.
for State factory, full cream. Fresh eggs have been firmer,
closing at 30c. for best Western.
Brazil grades of colTee have been epiiet holiday duIneOB
being experienced the past week.
The tone of the market
has held steady.
The close was steady at 8 1-lGc. for Rio
West India growths have
No. 7 and 8$£c. for Santos No. 4.
had a moderate sale at steady prices, closing at 9\4c. for
.
42 120 00
9 440 IS
33 842 4 7
.
Total.
@
slightly, closing at 8@8J.-ijC. for pickled bellies, 14
10 lbs.
average, and 9 C, (9 9 ,e. for pickled hams.
Beef has been
quiet and unchanged at 98 25@9 75 for flank. $10 50@11
for packet, sil S0@13 for family and SIS 00 (a IS 50 for
;
of constituent Cos.:
Brooklvn Heights RR. Co
B'klvnQ. Co. & S. RR. Co
The Nassau Electric RR. Co
.Sea Beach Railway Co
B'klyn Union 0. RR. Co
Real estate martgagt -
for pork has been light and prices have been
maintained, closing at §14 25@14 50 for mess;
§14 75@17 for short clear and $1.5 50(5>16 00 for family.
Business in cut meats has been quiet and prices have yielded
barely
"Cost of Road and Equipment," and "Advances account construction
for leased Companies," and the liability is represented by the bonds ol
Brooklyn Rapid Transit Company, issued from time to time as such
acquired and deposited with the Centra
Trust Company, Trust
good Cucuta and lie. for good average Bogota. Speculation in the market for contracts has been more active and
prices have advance,! slightly on reports of Brazil legislating to advance the value of coffee.
The close was firmer
on buying by bull interests.
January
February
March
9.76c. July
6,80c. September
fl.OTc. October ....
6.40c. April
.
Mav
6.65c.
.
June
.
.
.
f>.95c.
.
-
.
7.05c.
7.10c
Raw sugars have been in fairly active demand and firm,
The office of the Company is at No. 83 Clinton Street, closing at .v" s e. for centrifugal, 90-dJeg. test, and 3'„c. for
Borough <>f Brooklyn.
muscovado. 89-deg. test. Refined sugar has been quiet
The Officers are:" A. N. Brady, Chairman of the Board; and unchanged at 4.50c. for granulated. Other staple
Edwin W. Winter, President; T. S. Williams and Horace
groceries have been quiet and unchanged.
DuVal, Vice-Presidents; C. D. Meneely, Secretary and Tn as*
A moderate volume of business has been transacted in
ures.
Kentucky tobacco and at firm prices. Owing to the holiday
The Directors are: A. N. Brady, Edwin W. Winter, Season a quiet state of things has been reported in seed leaf
Norman B. Ream, E. II. Harriraan, II. II. Porter, A H tobacco but offerings have been light and prices have held
Sumatra tobacco has been firm but quiet. Havana
Flower, W. G. Oakman, J. (l. Jenkins. I). II. Valentine, firm.
tobacco ha- had a moderate sale at full values.
Henry Beibert, II. C. DuVal and T. S. Williams.
The market for Straits tin ha been quiet and under
The following are fired herewith: Trustee's Certificate of
weaker
advice- from foreign markets, where bull in ten
i--uane<- of the bond- now applied for, and depo.-it of Certifibeen Belling, prices have declined, closing at 35.2SQ
have
cates of Indebtedn(
.
Respectfully submit ted
l
BROOKLYN RAPID TRAN8IT
By K. W. WINTER, Preaid<
<
The Committee on
Stooh
Lists
<
>.\I
recommends
1'A
N Y
that
;
.
the
above-mentioned (3,042,000 additional Refunding Mortg
Convertible
each. Nos.
of 2002, for SI ,000
to 20,042, inclusive, be added to the
Ii-'. making the total amount listed to
I
17.001
amount now on
th<
120,042,000, Nos.
I
to
20,042
W. ELY,
Adopted by
-
l<
and
in
Wi'.l i:Y. Chairm
GEORGE
>0e.
bigot copper has been quiet and offered at lower
v
for
prices for forward deliveries, closing at
,|
|.
been quiet
be
spot supplies, Lake and electrolytic.
and
Spelter has weakened
closing at
5.95e.
slightly, closing al 6.5006.60c.
Pig iron has been it) fair
and and firm at $17 ~')(<i 18 75 for No. - Northern and
sis 25 for No. 2 Southern.
rately active and
Refined petroleum baa been mo
in
closing firm at 7.60c. in barrels, 10.30c in oases ai
bulk.
Naphtha ha- bet D unch U ged at ]_'c. for 71 d, gj
I2e. for 7f, degrees.
SpiritI.58c.
ing at
clo
1
iry.
!
the
(
68
rloring fin
haidy
I
3
ly,
'
turpentine has advanced, b
r
machine barrel
R
add
d
and
firm.
II
THE CHRONICLE.
1858
[Vol. lxxxi.
COTTON.
On
Friday Night, Dec. 29
THE MOVEMENT OF THE CROP
as indicated
1905.
by our
For the
telegrams from the South to-night is given below.
week ending this evening the total receipts have reached
210,263 bales, against 230,489 bales last week and 264,800
bales the previous week, making the total receipts since the
1st of September 1905 5,054,473 bides, against 5,821,514
bales for the same period of 1904, showing a decrease since
Sept.
1905 of 767,041 bales.
1
Receipts at
—
\lmi
Sat.
Galveston
Pt. Arthur, &c
New Orleans __
Mobile
Pensacola, &c.
10,128
6,904
Wed.
12,884
12,727
13,106
3,750
.-,,'.)01
575
1,151
Savannah
Brunswick
Tues.
V.553
"
Charleston
Georget'n, &c_
Wilmington
1,331
.
Washingt'n, &c
Norfolk
2,626
"50
235
New York
Boston
Baltimore
15,704
706
174
8,247
6,686
""365
"723
2,626
""539
3,129
3,531
Newp't N., &c
Philadelphia
342
116
,346
1
50
887
Tot. this wk.
2S.049
23,487
1
This
week.
Galveston
Pt. Arthur, &c.
New Orleans _
Mobile
Pensacola, &c.
Savannah
Brunswick
Charleston
Georget'n, &c.
Wilmington
Washingt'n, &c
Norfolk.,
N'port N., &c_
New York
.
Boston ....
Baltimore
Philadelphia ._
Total
4",866
l,75i;
""82
1,226
1,575
69,046 1,699,968
11,526
99,176
49,830
854,498
168,444
4,778
635
81,273
27,044 1,069,521
19,648
117,115
141,715
2,549
150
574
6,599
265,580
466,694
10,660
15,794
738
232
4,326
2,987
381
1,735
37,096
37,462
2,962
"403
2,987
59
52,420 216,263
total receipts, the total
•
Since Sep
1 1904.
This
week.
54,060 1,728,591
1,597
103,996
93,695 1 ,450,899
7,827
206,357
833
105,442
33,119 1,172,849
7,148
132,708
4,064
168,926
65
626
6,539
261,123
122
415,487
9,459
176
4,755
1,455
12,499
2,658
33,825
1,894
17,602
1,162
5,707
Stock.
1905.
1904.
231,181
214,950
344,389
46,689
449,539
72,609
145,399
19,925
47,530
113,116
18,853
38,343
20,010
13,562
69,137
14,038
220,505
5,472
12,180
4,976
50
103,484
2,163
3,634
9,013
216,263 5,054,473 225,751 5,821,514 1,167,393 1,053,354
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons:
Receipts at
Galv'n, &c_
1901.
1902.
1903.
1900.
55,657
93,695
7,827
33,119
4,129
6,539
9,459
176
15,150
84,850
104,554
6,245
46,603
2,356
8,232
21,937
467
.
80,572
49,830
4,778
27,044
2,699
6,599
15,794
738
28,209
16,111
607
20,195
38,502
11,206
7,808
14,808
890
38,946
wk
216,263
225,751
291 ,355
249,819
291,314
N. Orleans.
Mobile
Savannah .
Ch'ston, &c
Wilm'n, &c
Norfolk
N'p'tN.,&c
All others.
Tot. this
1904.
1905.
Since Sep
.
1
58,162
84,857
9,324
46,293
88,823
86,100
4,231
4,611
6,579
19,101
46,853
62,171
2,372
19,220
2,474
744
6,868
637
36,696
178,035
5,054,473 5,821,514 5,239,035 4,916,673 4,891,493 4,658,702
The exports for the week ending this evening reach a total
of 126,382 bales, of which 74,759 were to Great Britain,
17,950 to France and 33,673 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1905:
Week ending Dec. 29
From
1905.
Sept.
Great
ContiBritain Fr'ncei nent.
Great
Britain. France
Total.
Galveston
19,521 13,425' 19,260 52,206
Pt. Arthur, &c
3,962
6.255 10.217
New Orleans
28.611
28.611
.
Moble
Pensacola ..
Savannah
4.49S
.
Brunswick..
6,842
16.620
Charleston..
11,340
16.620
Wilmington.
Norfolk
300
Newport News
New York
300
1.138
2,468
Boston
Baltimore
1,175
1,138
3,198
1.167
17175
27
964
703
203
Philadelphia .
Portland, Me..
San Francisco .
627,678 249,186
34.917
277,893 109,965
30.237 16,0501
37.339 12,553
101.476 48,681
53.433
5.500
125,721
5,225
5.213
4.500
2,253
109,740 16J84
70.998
57.936 12] 059
28.510
638
Seattle
Tacoma
1905 to Dec. 29 1905.
Exported to
Exported to
Exports
from
1
410
410
Portland, Ore.
Continent.
376.415
38.501
123,508
20,248
33,366
456,260
26.488
112^530
1.200
97", 207
4.475
27,400
235
15~843
10,649
3.393
576
Total
|
Total 1904
York.
<
Savannah
Charleston
Mobile
Norfolk
Other ports.
Total 190.5
Total 1904
Total 1903
92,185
67,735
85,974
23,105
25,497
37,805
30,156
50,221
45,732
46,005 248,287
21,489 242,079
21,917 303,272
919,106
811,275
668,083
1
,239
1
,844
,700
1
21
1
,505
36,563
Speculation in cotton for future delivery has been fairly
active, but at lower prices.
Early in the week Wall Street
speculative interests were reported sellers to liquidate their
holdings.
The tightness of the market, it was stated, induced selling.
failure of a Memphis bank occurred and
the movement of the crop, despite reports that the South
A
was holding cotton, was on a liberal scale. The demand
for actual cotton was reported as light, the advices received
from the South quite generally showing quiet markets.
Thursday there was a stronger tone, prices making a moderate recovery on buying which, it was understood, was for
a prominent interest to cover short sales. To-day the
market was easier. The opening was slightly easier; Liverpool advices were disappointing and a private estimate
which has considerable influence upon the market was increased from 10,250,000 bales to 10.500,000 bales in consequence of the better yield
253.279
73,418
511.366
66.535
83,258
606,417
79,921
5,500
243.476
10.913
2.253
223.731
75,473
97.395
28,745
638
15,843
10,649
3,393
576
figures for
in the Atlantic States.
Notices
about 25,000 to 30,000
bales of cotton on January contracts, and this started selling
to liquidate speculative holdings, under which prices yielded
slightly during the day.
The close was steady at a net
loss for the day of 11@13 points.
Cotton on the spot has
been quiet and easier, closing at 11.90c. for middling uplands.
for the delivery of
The rates on and off middling, as established Nov. 18 1903
and reaffirmed Nov. 15 1905 by the Revision Committee,
at which grades other than middling may be delivered on
contract, are as follows:
c. 1 .30 on Strict low mid_.c.
1.13 on Fully low mid
Middling fair
0.96 on Low middling
Barely mid. fair.. 0.79 on Barely low mid
Strict good mid
0.62 on Strict good ord
Fully good mid
0.53 on Fully good ord
Good middling
0.44 on Good ordinary
Barely good mid.. 0.33 on Strict g'd m. tingStrict middling
0.22 on Good mid. tinged.
Middling
Basis Strict mid. tinged
Fair
Strict mid. fair
off Middling tinged. c.
off Strict low mid. ting
off
mid. tinged..
off Strict g'd or. ting.
off Fully mid. stained
86 off Middling stained..
1 .00 off Barely mid.stain'd
0.12
0.34
0.50
0.84
0.42
0.50
0.78
0.30 on Strict low m. stain 1.06
Even Fully 1. m. stained 1.28
0.06 off Low mid. stained. 1.50
14
0.26
0.38
0.55
0.72
0.
Low
1
off
off
off
off
off
off
off
off
off
off
On this basis the official prices for a few of the grades for
the past week would be as follows:
UPLANDS.
Mon.
Tues.
Wed.
Thurs.
11.10
11.72
12.10
12.54
13.06
10.95
11.57
11.95
12.39
12.91
10.90
11.52
11.90
12.34
12.86
Mon.
Tues.
Wed.
Thurs.
Holi-
Holi-
day.
day.
11.35
11.97
12.35
12.79
13.31
11.20
11.82
12.20
12.64
13.16
11.15
11.77
12.15
12.59
13.11
Sat.
Hon.
Tues.
Wed.
Thurs.
Holi-
Holi-
day.
day.
10.60
11.60
11.76
12.10
10.45
11.45
11.61
11.95
10.40
11.40
11.56
11.90
Sat.
Good Ordinary
Low Middling
. .
.
Middling
Holi-
Holi-
Good Middling
day.
day.
Middling Fair
_
GULF.
Sat.
Good Ordinary
.
Low
Middling
Middling
Good Middling
Middling Fair . .
STAINED.
Low
Middling
Middling
Strict Low Mid. Tinged
Good Middling Tinged .
Fri.
10.90
11.52
11.90
12.34
12.86
Fri.
11.15
11.77
12.15
12.59
13.11
Fri.
10.40
11.40
11.56
11.90
The quotations for middling upland at New York on Dec.
29 for each of the past 32 years have been as follows:
1897. c.
1896...
1895...
1894...
1893.
1892-
1905. c. 11. 90
1904 ... 6.85
1903. ..13.70
1902..
8.85
8.50
1901..
1900.. .10.31
1899..
7.69
1898..
5.88
1891..
1890.
.
.
1889. c. 10.25
1888... 9.75
1887
.10.56
1886- - 9.44
9.19
1885.
1884. .11.06
1883. .10.44
1882. .10.25
5.94
7.06
8.25
5.75
7.81
9.88
7.75
9.19
MARKET AND
Il881.c-12.00
1880... 11. 88
1879.. .12.56
11878..- 9.50
11877. ..11.31
11876. -.12.50
1875--.13.25
11874. -.14.37
1
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Futures
Market
Closed.
Closed.
Sales of Spot and Contract.
ConExport sum'n.
Monday
add similar
1 1
stock.
1,000
3,800
13,000
1
Total.
308,202
112,283
131,199
45,530
34,687
39,137
10,517
5,700
56,836
77,137
Leaving
Coastwise.
36,187
4,405 118,898
2,700 14,200
2,000
2,000
6,900 12,002
30,000 30,000
9,000
26,000
7,239
29,997
2,800
2,602
"566
Saturday __
We
2",506
3,666
12,000
49.29027.645 105.67l!l82,606!2,089.956;476,46l!l,697,363 4.263,780
named.
14,315
5,088
.
New York..
Other
many. Foreign,
I
3,394
68,291
3,000
Orleans
Gal vest on
.
Total
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
New
''
74.759:17,950 33,673126.382 1,569.482 475,0031,348.294 3.392.779
cleared, at the ports
Ger-
(treat
Hrilau,
compared with were tendered
1904.
Since Sep
1 1905.
,r>2t;
15,794
738
232
4,326
2,987
381
738
41,207
1905, and the stocks to-night,
1905.
Receipts to
Dec. 29.
"'354
150
1
49,830
4,778
635
27,044
19,648
2,549
150
6,599
2,S67
19,648
649
""50
41,175
1
202
2",512
32,551
69,046
8,691
5,271
8,574
575
"~242
The following shows the week's
since Sept.
last year:
11,510
6,255
8,997
738
461
4,691
ut-
.
—
Tola!.
Fri.
1,528
30
"50
.
Thurs.
Dec 29
Shipboard, Not Cleared for
Total
Total.
HOLI DAY
HOLI DAY
Steady
Quiet
Tuesday
Wednesday Quiet 15 pts. dec. Easy
Thursday . Quiet 5 pts dec. Very steady
Friday
Contract.
Quiet
Steady.
.
800
203
2,612
150
27
l",400
1,003
2,612
150
1,427
2,992
2,200
5,192
—
11
Dec. 30
O
te
and Closing
V
V,
(k.
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=
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—
THK CHRONICLE.
1905.]
FUTURES.— High, low
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THE
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Ir
a -
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oo
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rOWNS
\r
thai is
INTERIOR
the movemenl
the receipts for the week ami since Sept. 1, the shipments
for the week and tie- Btockfi to-night, and the same item.
for the corresponding period for the previous year
If
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THE VISIBLE SUPPLY OF COTTOX
to-night, as made
cable and telegraph, is as follows.
Foreign stocks, as
well as the afloat, are true week's returns, and consequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday") we add the item of exports from the United States,
including in it the exports of 'Friday only.
*"
fc;
"J
to
^S3
©
-)
"*>.
up by
i*-
i
1
C-i
.
—
December 29
Slock at Liverpool
Stock at London
Stock at Manchester
bales.
1905.
,022,000
14.000
47,000
1
1904.
1903.
1902.
834.000
14.000
36,000
518,000
8,000
60,000
605.000
7,000
586,000
12,000
299,000
4, COO
230,000
2,000
57.000
37,000
2,000
612,000
6,000
178,000
2.000
884,000
19,000
303.000
4.000
141,000
3,000
31,000
34,000
4.000
640.000
539.000
643,000
390.000
"
Total Great Britain stock.. .1 .083.000
at Hamburg
13.000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at Bremen
at Antwerp.
at Havre
at Marseilles
at Barcelona
at Genoa.
at Trieste
378,000
210,000
2.000
6,000
29.000
Total Continental stocks.
Total European stocks
1,723.000 1,423.000
India cotton afloat for Europe. 103.000
47.000
Amer. cotton afloat for Europe 644,000
779.000
t.7.000
55 .000
Egypt. Brazil. &c. ant .for E'pe
Stock in Alexandria. Egypt... 191.000
196,000
613.000
317,000
Stock in Bombay, India
Stock in U.S. ports
1.167,393
,053,354
Stock in V. S. interior towns. - 771,482
786,636
45.761
U.S. exports to-day.
34 .562
1
5 ,000
105.000
3 .000
47,000
44.000
2.000
The above totals show that the interior stocks have
increased during the week 1G,022 bales, and are to-night
The
15,154 bales less than at the same period last year.
receipts at all the towns have been 16,096 bales less than
the same week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
lows:
December 29.
Shipped
971 ,355
1
20.501
Amaican
—
Liverpool stock ......
iter stock
Continental stock
Am.
000,000
bales.
,000
i
;s7.000
Total gross overland ..
42,821
dud shipments
Overland to N V., Boston, &c^ 7,026
687
Between interior towns
347
Inland, &c, from South
8,960
104,761
33361
380,666
Louisville
Cincinnati.
other routes,
&c
—
-7'
:^ope
:
>ck
1
U. S. interior stock*
U. 8. exports to-day
1)01)
Leaving total net overland .a
,053.354
552,158
559 B06
17,165
26,501
34
Total American
a Including
year has been
last y.
!;
.7:1
Liverpool stocl
I
1,000
movemenl by
niii
The foregoing shows thai
this
751 3.38
tc.
/
Total to be deducted
If,
23.799
13,189
2,806
S.pt. 1.
271 ,044
2,066
15,491
1CK,447
27,661
42,308
28,373
106,358
485,327
292
645,076
70,255
8,683
16,823
7,160
108
S64
4,086
16,094
3,041
;
89,813
53.151
.555,.
1,15.000
.072. 536
77!. •}•»_'
.
540,000
441,000
54,000
608,000
713,000
.
185,565
101,677
23,350
41,432
27,752
105,551
.
5.314.437 4,702,751 4.011.678 3
Total visible supply
iptions are a- follows:
Of the above, totals of American andol
.since
1
13,938
7,829
2,330
3 ,737
2,524
..12,463
Via
Via
Via
Via
Via
I)i
Sept.
TV>ffc.
Via St. Louis
Cairo
Hock Island
100.000
645.000
65.000
189,000
225.000
.072. 536
559,806
552,158
47,165
Since
—
,229,000 1,002.000
59,000
713.000
35.000
214,000
191.000
—
1.
We give below a statement showing the
overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as fol-
SINCE SEPT.
Canada.
to
rland
sin hales, againsl 53,151 bi
that for tl
to date thi
th<
the
•
I
-e
14.000
movement
:-!.'$.
from
a
year
a<_r <> of
17
1
,697
ball
'
1905I
I
Si pt.
91.000
4c.
a,
Total
1
777
;
II
-
-.1
1
-
•.{
16
I
!
.
J
I
12
/:
I
week
and an
7c
.
31
'.
Midd
Midd
I
THE CHRONICLE.
I860
QUOTATIONS FOR MIDDLING GOTTON AT OTIIKU
MARKETS.—Below
are the closing quotations of middling
cotton al Southern and other principal cotton markets for
each day of the week.
Closing Quotations for Middling Cotton on
Week
<
nn'ni'i
Dec. 29.
Monday. Tuesday. Wedfday. Thursd
Hat' day.
\
Galveston
New Orleans
Mobile
11 15-16
11.95
11.75
12.15
11%
11%
11 13-16
11 11-16
11?*
11 11-16
11%
n%
11-16
11?*
11
Charleston
11
Wilmington..
o
Norfolk
L
L
1
I
Boston
-
Augusta
Memphis
II
D
A
Y
li'H
12.10
1)
I
A
1
.88
12.35
11 11-16
11 13-16
Y
11^
St. Louis
Houston
Little Rock
12.10
11.88
12.20
13-10
llM
Savannah
Baltimore
Philadelphia
n%
n%
im
11%
nf|
nx7-10 11
nx7-16
n%
11%
i-i%
nx
n%
n%
|U
11%
11 11-10
11
11%
11.00
1
UH
n%
u|i
mi
11 11-16
11%
Atlanta
f
11%
[Louisville
I
-j
I
Montgomery.. 11%
11%
Nashville
I
11 9-1611
Natchez
Raleigh
IShreveport
I
11%
NEW ORLEANS OPTION MARKET.— The highest, low-
•
and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
est
Sat'day
Dec. 23.
December —
Range
Closing
January —
Range
Closing
March —
Range
Closing
May —
Range
Monday, Tuesday, Wed' day Thvrsd'y. Friday
,
Dec. 25.
July —
Dec. 28.
—
_
_
—
—
L
O
L
1
I
11.82-. 11 11. 79-. 05 11.81-. 00
11. 82-. S3 12.02-.03 11.82-.83
L
I
O
D
A
Y
D
A
—
—
11.56-.86 11. 53-. 79 11. 56-. 73
11.5S-.59 11. 76-. 77 11. 56-. 57
H
O
Dec. 29.
H
H
D
A
11. 94-. 27 11. 92-. 17 11.92-. 12
11. 95-. 96 12. 14-. 15 11. 93-. 94
Y
Range
12.05-. 35 12.01-. 2-1 12. 02-. 19
12.04-.05 12. 23-. 24 12.02-. 03
Closing
Tone
Dec. 27.
11. 70-. 91 11. 54-. 59
11.5811. 76-. 77
Y
Closing
Dec. 26.
—
Spot
Options
Quiet.
Steady.
Easy.
Easy.
Steady. B'ly St'y
FROM THE
RECEIPTS
PLANTATIONS.— The following table indicates the actual movement each week from the
plantations.
The figures do not include overland receipts
nor Southern consumption; they are simply a statement of
the weekly movement from the plantations of that part of
the crop which finally reaches the market through the
outports.
Week
Stock at Interior Towns. Receipts from Plantat'ns.
Receipts at the Ports.
ending.
1905.
1904.
1903.
1905.
1904.
1903.
1905.
1904.
I
i
—
—
—
—
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Columbus. Ga.11%^
Columbus, Miss 11%
—
Nem Orleans, Lo
a.
It has rained on three days of
the week, the rainfall being six
and fourteen hundredths.
Average thermometer 63.
Shreveport, Louisiana.
We have had rain on two days of
the past week, the rainfall reaching sixty-nine hundi
The thermometer has averaged 47, the highest being 60 and
the lowest 33.
Vicksburg, Mississippi. The week's rainfall has been
forty-eight hundredths of an inch, on three day-. Average
thermometer 48, highest 70 and lowest 33.
Little Rock, Arkansas.
We have had rain on three days
the past week, the rainfall being one inch and twenty-nine
hundredths. The thermometer has averaged 43, ranging from
28 to 58.
llilena, Arkansas.
A little cotton remains to be picked.
We have had rain on two days of the week, the precipitation reaching fifty-seven-hundredths of an inch.
The thermometer has averaged 43.2, the highest being 59 and the
lowest 29.
Memphis, Tennessee. Picking is drawing to a close. We
have had rain on two days during the week, the rainfall
being sixty-three hundredths of an inch. The thermometer
has ranged from 30.7 to 58.7, averaging 43.9.
Nashville, Tennessee.
It has rained during the week,
the rainfall reaching ninety-two hundredths of an inch.
Average thermometer 40, highest 54 and lowest 25.
Mobile, Alabama.
Rain in the interior early and latter
Cotton is being strongly held. We have
part of the week.
had rain on three days during the week, the precipitation
being two inches and forty-seven hundredths. The thermometer has averaged 49, the highest being 69 and the
lowest 32.
Montgomery, Alabama. Most holders refuse to sell at
have had rain on two days the past
present prices.
week, the rainfall being ninety-three hundredths of an inch.
The thermometer has averaged 47, ranging from 30 to 68.
Selma, Alabama. We have had rain on two days during
the week, the rainfall being fifty hundredths of an inch.
Thermometer has ranged from 30 to 62, averaging 46.
Augusta, Georgia. There has been rain on four days
during the week, the precipitation reaching forty-two
hundredths of an inch. The thermometer has averaged
48, the highest being 69 and the lowest 30.
Savannah, Georgia. We have had rain on four days
the past week, the rainfall being one inch and twenty-six
hundredths. The thermometer has averaged 53, ranging
from 37 to 69.
We have had rain on three
Charleston, South Carolina.
days of the past week, the rainfall being one inch and
twenty-six hundredths. Average thermometer 52, highest
68, lowest 37.
Greenwood, South Carolina. There has been no rain
during the week. The thermometer has ranged from 34 to
55, averaging 44.
Rain has fallen during the
Charlotte, North Carolina.
week, the precipitation reaching seventy-one hundredths
The thermometer has averaged 45, the highest
of an inch.
being 62 and the lowest 28.
—
.75
1
12.15
n%
n%
n%
11%
..
Friday
y.
[Vol. lxxxi.
1903.
Nov. 24 385,045 369,909 385,664 631,748 717,559 408,502 417,109 41 1,486 43 1,967
Dec.
1-322,610 377,484 369,148 667.389 766,146 504,406i358,251 426,071 375,052
1
8:300,712 382,495 325.350 702.965 774,056 534,659'336,288 390,405 355,003
15 264,806 320,447 298,872 738,424 791,971 542,141 300,265 338,362 306,354
,
—
—
—
We
—
—
—
—
—
—
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given:
22 236,489 305,5091299,439 755,460 779,094 545,663 253,525 292,182 302,961
29 216,263 225,7511291.355 771.482 786,636:552,158 232,285 233,293 297,850
I
The above statement shows:
— That
the total receipts
from the plantations since Sept. 1 1905 are 5,690,778 bales;
in 1904 were 6,545,890 bales; in 1903 were 5,779,591 bales.
2.
That although the receipts at the outports the past
week were 216,263 bales, the actual movement from plantations was 232,285 bales, the balance going to increase
stocks at interior towns.
Last year's receipts from the plantations for the week were 233,293 bales and for 1903 they
were 297,850 bales.
1.
—
WEATHER REPORTS BY TELEGRAPH.—Telegraphic
advices to us this evening from the South denote that while
rain has been quite general during the week, the precipitation
most
has been light or moderate. The movement of the crop has been on a fairly free scale, but reports
from some of our correspondents indicate a continuation of
the tendency to withhold cotton from the market.
Galveston, Texas.
There has been rain on two days of the
week, the precipitation reaching twenty-four hundredths of
in
Above
Above
Above
Above
Above
Orleans
Memphis
Nashville
Shreveport
Vicksburg
zero
zero
zero
zero
zero
Dec. 30 1904
Feet.
9.6
17.6
1 9 .3
21.3
22.7
Feet.
2.2
2.4
1 8 .5
2.5
0.8
gauge.
gauge.
gauge .
gauge.
gauge.
of
of
of
of
of
INDIA COTTON MOVEMENT FROM ALL PORTS.—
receipts of cotton at Bombay and the shipments from
The
all
India ports for the week and for the season from Sept.
for three years
have been as
1
follows:
1903.
1904.
1905.
December 28
Receipts at
—
Bombay
Week.
114,000
Since
Since
Sept. 1.
Week.
642,000
Sept. 1.
73 ,000
528,000
Since
Week.
Sept. 1.
68,000
403,000
localities
—
an inch.
Taylor, Texas.—There has been no rain during the week.
The thermometer has ranged from 28 to 62, averaging 45.
San Antonio, Texas. Dry all the week. Average thermometer 47, highest 64, lowest 30.
Corpus Christi, Texas. We had rain on one day during the
week, to the extent of two hundredths of an inch. The thermometer has averaged 51, the highest being 72 and the low-
—
—
est 32.
New
Dec. 29 1905.
— We
Abilene, Texas.
have had rain on one day the past
week, to the extent of one hundredth of an inch. The thermal ber has averaged 41, ranging from 22 to 60.
Palestine, Texas.
Rain has fallen on one day of the week,
ecipitation being two hundredths. The thermometer
aged from 32 to 58, averaging 45.
—
For
Great
Exports from-
Britain.
the
Week
Since September
Continent.
Total.
23,000
1,000
23 ,000
1,000
2,000
1,000
2,000
1,000
Great
Britain
1
Continent
Total.
14,000
6,000
5,000
177,000
36.000
63,000
191.000
42,000
68,000
2,000
1,000
12,000
9,000
7,000
14,000
9,000
8,000
1,000
1,000
3,000
15,000
9,000
13.000
16,000
10.000
16.000
4,000
45,000
39,000
35,000
49,000
39 .000
38,000
249,000!
270,000
100,000
130.000
.
Bombay
1905
1904
1903
Calcutta
1905
1904
1903
Madras
1905
1904
1903
1,000
1,000
1,000
¥,666
3,666'
2,000
2,000
2,000
2,000
All others
1905
1904
1903
Total all1905..
1904..
1903.
3,000
1,000
28,000
4,000
2,000
28,000
4,000
3,000
21,000
7,000
12,000
93,000
IIS, 000
—
.
.
THE OHRONICLE.
Dec. M) L905
the foregoing,
bo
.
appears
I
to
show an
increase compared with last year in the week's reoeipts oi
•11.000 ball
torts from all India port-- record a
show
24.000 bales during the week; and since September
1
an
inert
\1.
170,000 ba
.
i:\A\nRlA
Cc,
a-
..I'
died of
borne in
ploy of Misers. Him v Unit/ & Co. thirty-five years
w h«n 22
'nii tcl to membership in
the linn in 1880, joining the New Vork Cotton Exchange the
same year. Mr. nipkina was for man;.
one of the n
active and successful brokers on the floor of the Exchange,
nit for son ie time past poor health iiad forced him to nli!.'
niueli of the trading in the ring to Others. In fftCl at tin time
of his d.ath lie w.i> concludini
igements to retire from
active business at the beginning of the new year. The funeral
services' will be held on Saturday at 2 p. m. a1 St. Bartholomew's Church, Pacific St., near Bedford Ave. Brooklyn.
-
i
.
.
.
;
REI
COTTON.—Through
tin- linn
Henry
Messrs
pneumonia on Thursday morning a1 Ids
He atered the emBrooklyn after a short illm
David C. Hipki
Mr.
Unit.',
1*61
Wt> SHIPMENTS OF
3
made
arrangements
Messrs.
with
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
The following are the receipts and
Alexandria, Egypt.
ipments for the past week and for the corresponding week
of the previous two years:
I
,
Alexandria, Egypt,
1904.
1906.
1903.
EXPORTS OF COTTON
"tlir 27.
pfs (cantaxs
w. ek
1 his
Bince Sept l
BRITAIN. -Below we
ds, Ac, from Greal
—
<i)
230,000
3,592,250
.
200.000
3.388,590
i
205 .000
the
This
week
Exports (bales)
To
To
To
To
Liverpool.
Manchester
h
Continent
America
A
cantar
is
98
l
.
5,250 108,796
66,193
5,250 122,900
1,000 31,492
'
This
week
.Ian.
1
1
.
Britisli
Since
Sept.
1
.
4,250 L12.952
4,500 68,549
4,000 130.550
2,260 22.17(1
9,750 107,156
4,260 65,843
8,000
2.750 83.515
11.500 329.3S1
Total exports.
a
This
Bince
week. Sept. l
Since
Sept.
GOODS
give the exports of cotton yarn
Britain for the month of NovciiiImt
in 1905 and I'M)
as compiled \,\ ns from
Board of Trade returns. It will he noticed
that we have reduced the movement all to pounds.
ami since
11. (',.-,_'
1.1
FROM GREAT
24,750 309.334 15,000 334,521
lbs.
This statement shows that the receipts for tin- week were
230.000 cantars and the foreign shipments 11,500 bales.
MANCHESTER MARKET.— Our
report received by
cable to-night from Manchester states that the market is
Merchants are buying
quiet for both yarns and shirtings.
very sparingly.
We give the prices for to-day below and
leave those for previous weeks of this and last year for
eomparison.
Yarn
A
Thread.
Total ol
Cloth.
om
I
1905.
tied
1904.
I
i-.ii i.-,.
1004.
1905
Yds.
Yd*.
Lbs.
Lbs
Lbs.
17.152
17.151
Jan
Feb...
March
20,479
14.063
lstqu.
54.782
47.445 1.537.740 1.377.439
April..
17.117
14.54!)
I70.0!l.s:
105.381
11,367
17,110
13.379
503,207,
402
407,902
54.520
41.523 1.47 1.372
1.210,04.-)
510.440
560,318
017
53 1 .019
171,348
May ..
June.
512.989
539,796
19
.
I
!M) I.
Lbs.
458,1 13
VI. 171
481,478
437.818
95.707
100.708
l
Lbs.
12,858
121,187
89,815
81,671
I
3402368
286,586 256,948
S7.705
93,689
75.620
75,132
70,090
8H
2d qu.
88.727
89,469
July
..
AllKUSt
13,891
1
Sc])t ..
17,849
15,800
3d qu.
56.310
45,384 1,597,075 1,477,010
Oct...
22,151
19.805
16,758
Nov
..
.-.20.
609,733
530.139
268.365
275,126 220,84
88.537
99,062
S7.020
98,305
171.102
32s Cop.
ings,
Twist.
8K
32s Cop.
Twist.
Vp's.
to finest.
Shirt-
lbs.
Cot'n
Mid
common
ings,
Vp's.
to linest.
114,755
103.720
364,892
320,909
lis, 712
107,525
100.394
789
36,824
866
35.905
MOO
90,707
98.907. 88,466
'!.-,,
102, I2S
13,469
124,769
116,164
1
298.073 276,826
articles
Total exports of cotton manufactures..
1904.
Coin
common Mid
U>s. Shirt-
.104.393
105,152
-
Sundry
1905.
mill.
'ii i.-,.
,
stockings and socks.
I
all.
000s
12296.981 1.144,357
The foregoing shows that there has been exported from
the United Kingdom during the eleven months ,296,981 .000
lbs. of manufactured cotton, against 1,1 14,857,000 lbs. lasl
year, or an increase of 152,624,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during November and since January 1 in each of
the last three years.
1
Nov
d.
4,4
9J* 6
9 3-16 <S9 15-10 6
9
9H 6
<§
6.16 8 7-16
6.42 8H
6.29 8
9H
5 11
5
5
5
8 15-16®
G. 24
9
S"<
8fs
8j|
9«
-
s.
@9
@
fi.:u
29
d.
s.
B
o->
6
d.
(1.
24
8
15
d
d.
d.
6.11 8 9-16
Dec.
1
9.
W6
7H
7H
s.
W
d.
3
d.
5.08
@9 1H
11
@8
10H@9
9 @8 10
4.77
4.19
4.19
4.04
3.77
i
7H@8
5
9
DOMESTIC EXPORTS OF COTTON MANUFACTURES
We give below a statement showing the exports of domestic
EXPORTS, or PIECE GOODS .VXD YARN'S TO PRINCIPAL COl'XTRIES
Quant
oj
ties
Cotton
Manujacturcs
(.colored
to—
yards-
<iermany
Other Europe
British N'orth America. _
Central American States and Brit-
Honduras
Mexico
Oct. 31.
,
1904.
20"
221,030
"Vo'.iio
1.000
737,034
238
700.011
2.209.820|
2,551,480
2. 17s. ii.;
1.027.07 s
2.412,499
417.745
21 1,419
_
•Cuba
Other West Indies and Bermuda
Argentina
Brazil
Chile
li.».7ss
1,864
1,459.366
Colombia
Venezuela
Other South America
Chinese Empire
.743
;.334
1.1-"
2.12-
303.SOI
854.291
701.997
1905.
1904.
2,003.093
1,671,654
161,127
1.776,101
l.d
8.269.03S
71.2.ss
20,0^
2.3 ^
12.;:
B 645,226
12,518,623
s. Hi:,,. ,211
'_'..'
I
1,96
»8,
155
,8,661
1
18,350
fi.7>
461.501.291 171.116,493
4--,7,ls|
7.7is.::i
1.546
lis 268
161,606 102290,275
lss.s'.M
6,
4,421,631
1.1117
!8.789
1,033.947
2,211.699
19.1
412.155
:,.i
5,866.507
1.615
.SCI
500 984
British East Indies
5.849
40.941
21,209
777.7.',
British Ausl ralasia
Philippine Islands .
Other Asia and Oceanlca
British Africa
All other Africa
1
401,675
.
l
I
'1.115
-
S2.979.373
8.0612
S3,
i
$.0
$.0601
0/ oUnr \< aviijacxuru 0/
Cotton Exported to
United Kingdom
$.0596
—
Belgium
Franc
1.0IM02
-"(,-11
Total yards
Total value..
i
'UC
1,084
r
-
7'.. ','!_'
8.946
2. in
British N'orth Ai
:
Nov. 30.
1903.
166,986 2.509. 185,2.813.861
63.403
856,256
813,267
28,990
844.809
514,684
19,829
257.287
245.021
43.525
496.796
610,347
27.71.1
277.010
282,391
24,889
402.666
361
2.
100.723
754.246
518,936
250.423
602,673
2N4.075
..580
530.139 474.172 375.368 5,643.018 5.031.254 4.7
£6,02* £5,384 11.142 JL04.47S £57.735 £60,587
—
Yarns Lbs.
(OOOs omitted.)
Germany
ot!i.i:uropc(exceptTurkcy>
East Indies
China and Japan
Turkey and Etrypt
3,250
3,588
2,657
3,758
2.874
3,646
2,471
2,453
2.201
2,827
1,780
E.-.so
34,356
36.182
25,670
86,631
1,135
1,846
340
369
11,421
2,196
1,848
1,298
1.379
20,186
21.707
D
11,524
186.143
£810
£624
£9,342
All other countries
Total lbs
Total value
17,89
£924
26,084
23.432
19.790
21.777
36.686
21.045
24,621
2.890
16.690
19,323
16,364
19,005
146.934
£8,078
135.270
EAST INDIA COTTON CROP.-
Under dale
Lahore,
of
Nov. 16th, the Din (tor of Land Records and Agriculture of
the Punjab issued the following special report on the failure
of the cot'on crop in thai district:
Reports from districts show tint the cotton crop La practically
total
failure in the Centra] Punjab, Including the Lahore, Gurjanwala, Fei
Miilmn districts and tinpore, Montgomery, Aniritsar, Jhang and
Chenab and Jhelum Colonies. The area bowd In this tract rep
about 2-5ths of the cotton area ol the P
Che present
i> ascribed to (tela) greenfly in July and August, to severe drou
h
In
sol boll-worm In Septembei and ictober.
ist, and fi
the
.usThere Is no barani crop In
Delhi Division in
•
<
2.0-
•
factory charai ti
the outturn o
v.orm Is respon
Cotton
Brit-
-
ol
lbl<
20.877
108
ilani.e-'
i-
ted
i
foi
a
No
.
Other West Indies u
Argentina
the monsoon,
ed land, which will be less ths
much
than
n
nuch Importance outside
i
II.', -ii
Cuba
to
1904
i
Germany
Nethl
Othi
East Indies
228,650 100.707
Turkey. Euypt and Africa.. 85.331 00.907
China and Japan.
74,737 60.700
Europe (except Turkey)... 23,653 20.211
South America
50,804 46.348
North America
.30,071 28,090
All other countries
36.803 26,059,
I
1905.
30.
-
1
s.'JKJ
Jan.
1903.
1904.
1905.
Holland
10,723.929
16.061.978
TO NOVEMBER
1
November.
—
Yards.
Piece Goods
(OOOs omitted.)
7,558,266
23,542
3,042
22,046.675
_':; 688 - Is
3,061.719
R.498.623
13,343
Hongkong
Japan
Total yards of above.
Total values of above
Value per yard
10 rnos. ending Oct. 31.
-
1905.
United Kingdom
France
ish
Month ending
ol
and uncolored)
Exported
NOVEMBER AND FROM JANUARY
IN
cotton manufactures for October and for the ten months
ended Oct. 31 1905, and for purposes of comparison like
figures for the corresponding periods of the previous year are
also cresented.
In
itv
Boll-
Punjab.
Central
a
tfa
normal
reported from Jiillundur
JUTE BUTT8, BAGGING,
oi
C
&c.
iur.
market
rhe
for jute
review,
iiml' r
hanged
ColombU
for papi
•
Indies..
r
The pn
Phi
65
quality and 2(5 2
BRITI8H
Hongkong
at
jc.
foi
Jute butl
lbs.
-
Chine
.
GROWN
:
the
c«o
wrk
,
'
•
Annual"
Other
Totn
undi
'
ic
c
m\
undi
v\
ESI
[\D1
taken by the British Cotton
"
in 1 be
lolonial
i
.
to
(
I
THE CHRONICLE.
1862
In St. Vincent the cotton prospects arc encourper acre was £10 8s. 4d.
aging, though disease occasioned loss (n some localities, and the total
yield in comparison with acreage in cultivation was in conseguence disThe cotton-ginning factory was opened on January 4,
appointing.
ami up to March 31 222,202 pounds of seed cotton had been (.'juried,
In quality the cotton
giving 171 bales containing 61,011 pounds of lint.
left little- to be desired, and an all-round [nice of Is. 5(1. per pound was
St. Vincent produced the highest priced cotton in the Empire,
realized.
and as a result there has been a meat, demand for the st Vincent seed.
Large quantities of it have been disposed of at a satisfactory price, after
undergoing careful selection and disinfection at the hands of the agricultural officers.
As to Grenada, it may be safely prophesied that with the present
demand in England for British-grown cotton and with the changed conditions affecting the tenure of land in Carriacou, brought about by the
Land Settlement scheme of the Government, the industry has an important future before it. A feature of the year is the opening up by one
of the largest land owners of the island of some valuable estates there
for the cultivation of Sea Island cotton, an example which the peasant
settlers will not be slow in following.
On the West African gold coast the outlook is promising in the Eastern
Province, where it is estimated that the area cultivated has increased
from 200 to 2,000 acres during the last two years. The soil and climate
are adapted for the successful growth of cotton, and the difficulties of
transport, which is an all-important factor in this country, are facilitated
Experimental
to a certain extent by the vicinity of the Volta River.
cotton farms have been established at Anum and Labolabo to serve as
object-lessons and seed-distributing centres for planters.
The association has arranged to send out a complete ginning plant to
Labolabo, which will be ready for ginning the crop now growing.
.
JAPANESE COTTON MANUFACTURING INDUSTRY.
— In the Dec. 12 issue of "Daily Consular and Trade Reports"
the Department
published by the Bureau of Manufactures of
Commerce and Labor, Washington, there is an interesting
contribution from Consul Sharp, of Kobe, Japan, from which
we extract the following:
Cotton yarns.
The spinning industry is well developed in this consular
of
—
and cotton yarns form the principal article of export. In 1903
the daily average of working spindles was 897,119, and the output of
yarn amounted to 233,789,301 pounds. Besides supplying the domestic
demand, yarns to the value of $12,474,074 were exported from Kobe
and Osaka in 1904, mostly to China and other Asiatic countries. No. 16
is the grade mostly exported, but Nos. 12, 14, 20, 22 and 32 are also
district,
shipped in considerable quantities.
Cotton textiles.
This industry is not yet so important as the spinning,
but it is growing rapidly, and great varieties of goods are turned out.
It is stated that there were 7.517 power looms and 212,211 hand looms
n operation in 1903 in this district. Ten large mills in this neighborhood,
operating an average of 4,640 looms in 1903, produced 76,702,213 yards
of goods.
In the first half of 1905 these same mills had 5,711 looms
working and produced 52,345,742 yards. Among the textiles manufactured are gray shirtings, sheetings, drills, cotton, sail duck, cotton
flannel, T cloths, muslins, towels and blankets.
The domestic consumption of all these goods is large, and the exports at Kobe and Osaka
amounted in value to $3,937,059 in 1904. The exportation of towels alone
amounted to $681 ,255. These goods are sent mostly to Asiatic countries.
There is also a considerable manufacture of knitted goods.
Clothing.
In connection with the cotton textile industry it is worthy
of note that a large quantity of clothing and underwear is made here, exports of the latter at Kobe and Osaka amounting in value to $669,106
in 1904.
The importation from abroad of shirts, collars, &c, has become
insignificant, owing to the development of domestic manufactures.
Carpets.
Cotton, wool and hemp carpets to the value of $245,581
were exported from Kobe in 1904. A very creditable carpet is made
here and is largely used.
The "Japan Chronicle " of Kobe, in its issue of October
—
—
—
31, said:
The weaving looms in operation in the various spinning mills of Japan
at the end of September numbered 6,923, showing an increase of 1,212,
as compared with the end of the half-year ending March last.
The Osaka
and Mie spinning mills are working on the largest scale, the Osaka mill
having 1 ,605 looms in operation and the Mie mills 2,099 looms. The output of cotton during September amounted to 9,688,050 yards, showing
an increase of 963,760 yards over the monthly average for the first half
of this year, or of 3,772,495 yards over the output for September 1904.
The consumption of raw cotton in September for weaving purposes
amounted to 3,318,191 pounds, an increase of 493,077 pounds over the
monthly consumption during the first half of this year, and of 1,308,517
pounds over that for September last year.
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 126,382 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
NEW YORK— To
Great
French
Britain . ports
—
Oth. Europe
\fez.,
South. &c. Japan. Total.
G'cr
many
.
New
New
York. .. 2,468
27
Orleans. 28, 611
Galveston
19,521 13,425
Port Arthur.. 3,962
Sa\ annah
4,498
Brunswick
16,620
Norfolk ...
.SOU
Newport News 1,138
North.
.
653
.
3,198
28,611
52,206
10,217
1 1 ,340
16,620
50
3,607
3,057
5,980
862
196
13",
._"_
300
964
Boston
Baltimore
Tacorna
1,138
1,167
1,175
203
1,175
410
410
Total
410 126.382
203
3.919 13,246
74,759 17.950 15,895
The exports to Japan since Sept. 1 have been 30,109 bales
from Pacific ports and 500 bales from New York.
Cotton freights at
New York
the past
week have been
as
follows:
Mon.
Sat.
Hamburg
c.
25
22
30
25
30
Antwerp
c.
28@30
L
34
I
35
38
32
D
A
Y
Liverpool
c.
Manchester
Havre, asked.
c.
_c.
c.
Bremen
Ghent, v. Ant. .c.
Reval, indirect. c.
Reval, v. Canal _c.
Barcelona
c.
Genoa
Wed.
20
20
20
20
a.30
a.30
a30
25
25
25
25
30
30
30
30
28
34
34
38
32
20
32
40
28
34
35
35
32
20
32
40
28
28
34
35
H
18(5;20
c.
c.
30
40
Japan, rjrompt.c.
Quotations are cents per 100
Trieste
Tues.
And
a
lbs.
Fri.
Thurs.
20
20
20
20
a30
34
35
35
28
20
32
40
28
20
32
40
five per cent.
LIVERPOOL.— By cable from Liverpool we have the
following statement of the week's sales, stock, &c, at
that port:
week
bales. 46,000
Of which exporters took.. 1,000
Of which speculators took 3,000
37,000
Sales American
8,000
88,000
807,000
Actual export
Forwarded
Total stock— Estimated
Of which American— Est. 698, 000
Total import of the week ...126 ,000
91,000
Of which American
Amount
389,000
348,000
afloat
Of which American
Dec. 29.
28,000
1,000
-----
Dec. 22.
44,000
2,000
1,000
39,000
5,000
59,000
869,000
763,000
128,000
109,000
478,000
419,000
Dec. 15.
49,000
2,000
3,000
43,000
12,000
85,000
804,000
701,000
94,000
70,000
505,000
454,000
Dec. 8.
Sales of the
24,000
9,000
71,000
1,022,000
9° 00 00
23 3.000
192,000
358,000
311,000
The tone of the Liverpool market for spots and futureseach day of the past week and the daily closing prices of
spot cotton have been as follows:
Saturday
Spot.
Monday.
Tuesday.
12:15
P. M.
Thursday.
Moderate
business
doing.
demand
H
Mid.Upl'ds
Spec.&exp.
•
Friday.
Y
6.24
10,000
10,000
1,000
8,000
500
Weak
Steady at
at
7@8
3@4
pts.
decline.
J
3@6
pts.
decline.
P. M.
advance.
Steady at
9@10
4
Steady at
7 poin'.B
pts.
decline.
'
Easy at
Market,
demand.
6.17
500
D
A
Y
Moderate
6.31
I
I
D
A
A
Y
1
O
L
L
I
D
Futures.
H
H
O
O
L
Sales
.
Wed' day.
Fair
Market,
Market
opened
,
pts.
Easy at
2@6
pts.
advr.nce.
decline
prices of futures at Liverpool for each day are given'
Prices are on the basis of Uplands. Good Ordinary
below.
clause, unless otherwise stated.
The prices are given in pence and 100th. Thus: 6.17 means
6 17-100d.
The
Total bales.
1,233
Manchester, per Terence, 667 upland, 238 Sea Island
905
Hull, per Colorado, 322
322
London, per Minnetonka, 2
2
Glasgow per Astoria, 6 Sea ISland
6
Havre, per Bordeaux, 24; Christian Bors, 3
27
Bremen, per Bremen, 653
653
Trieste, per Erny, 50
50
ORLEANS— To Liverpool— Dec. 23— Dictator, 7,209
Dec. 27— Senator, 8,395
Dec. 29— Etonian, 11,025.-. 26.629
To Belfast— Dec. 28— Glenarm Head, 1,001
1,001
To Hull— Dec. 26— Rupera, 981
981
GALVESTON— To Liverpool— Dec. 22— Alexandrian, 5,764
Dec. 27— Benedict 4,999
1
,763
To Manchester Dec. 23 Anselma de Larrinaga, 8,758
8,758
To Havre Dec. 21 Monadnock, 8,874
.Dec. 28 Madawa ska, 4,551
13.425
.
To Hamburg— Dec. 21— Inchmarle, 1,329
Dec. 22—
Cyfarthfa, 856; Patagonia, 822. _ ..
3,007
_
To Rotterdam Dec. 20 Lord Erne, 14
14
22
To Antwerp Dec.
Corby Castle, 2,821
2,821
22
To Copenhagen Dec.
222
St. Domingo, 222
_
To Genoa Dec. 28 Dinnamare, 12,796
12,796
To Venice Dec. 21 Alberta, 400.
400
PORT
To Liverpool— Dec. 29— Aries, 3,962
3,962
To Bremen Dec. 27 Claremont, 6,255
6,255
To Havre—Dec. 23—Hillglade, 4,498
4,498
To Bremen— Dec. 22 Ethelbrytha, 5,476.
5,476
504
To Hamburg Dec. 27 Warrior, 504
550
To Reval— Dec. 22— Ethelbrytha, 550
212
To Gottenburg Dec. 27 Warrior, 212
100
To Uddervalle Dec. 27 Warrior, 100
BRUNSWICK— To Liverpool— Dec. 22— Bangor, 9,678
9,678
6,942
To Manchester— Dec. 23— Eastry, 6,942
To Glasgow— Dec. IS— Almora ,300
300
To Liverpool— Dec. 27— Mariana, 1 ,138. .. 1,138
964
BOSTON— To Manchester— Dec. 22— Bostonian, 964
203
To Yarmouth— Dec. 21— Bo?ton, 203
1.050
BALTIMORE— To Liverpool— Dec. 22— Vedamore, 1,050
125
To Scotland Dec. 20 America, 125
410
TACOMA— To Japan— Dec. 23— Fulman, 410
Sat.
Mon.
Dec. 23.
Dec. 25.
12&
1
d.
d.
p.m. p.m
Tues.
Dec. 26.
Wed.
Thurs.
Dec. 28.
Dec. 27.
12H
4
Fri.
Dec. 29.
12M
4
4
12M
d.
d.
d.
d.
d.
6 17 6 10J 6 03 6 05 6 10!
10
08
05
6 17 6 10 6 03
10 6 08
05
6 IS 6 11! 6 03
IS 6 13
10
6 22 6 16 6 08
19 6 17
14
6 27 6 20 6 12
22 6 20
17
6 30 6 23 6 15
4
12H
p.m p.m. p.m p.m. p.m p.m. p.m p.m. p.m.
4
,
NEW
— — — —
,
—— — —
—— — —— —
ARTHUR—
—
—
SAVANNAH—
—
—
—
—
—
—
—
—
—
d.
I
December
Dec. -J an.
Jan. -Feb.
Feb.-Mch.
Mch.-Apr.
Apr. -May.
May-June
June-July
Juiy-Aug.
Aug.-Sept
Sept .-Oct
Oct. -Nov.
H
H
L
L
O
I
D
A
Y
O
I
D
A
Y
H
O
L
I
D
A
Y
1
6
6
6
6
5
5
33 6 26
34 6 27
28
35
19
26
90
99
91
83
1!' 6 20
20 6 22
25
:3
85 5 87
27
24
28 6 25
19 6 16
93
94
78 5 30
-7
21 6
12 6
23
14
85
'
.
NORFOLK—
NEWPORT NEWS—
Total
The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Liverpool, per Cevic, 833 upland, 400 Sea
Island
To
To
To
To
To
To
To
[Vol. lxxxi.
—
126,382
BREADSTUFFS.
Friday, Dec. 29 1905.
Business the past week in the local market for wheat
flour has been at a standstill, holiday dulness being experiJobbers quite generally are now engaged in taking
enced.
an inventory of stocks on hand and therefore have withdrawn as buyers until after the turn of the year. Mills,
owing to the present dulness of business, are curtailing production, but as there has been no especial pressure to sell,
have been quoted unchanged and steady. Rye flour
lias been quiet and prices have been barely maintained.
Buckwheat flour has sold slowly. Corn meal has been quiet
and easy.
Speculation in wheat for future delivery has been quiet.
prices
—
.
.
1
TIIK rilRONK'LK.
Dec. 30 1905,
|
8(>:t
]
Han
Oats,
Flour,
Wk
Only Blighl changes have occurred in prices, but these have
hush
hu
bush
A factor that has received
been towards a lower basis.
,669
181
26,000
2,103, 174
Francisco
San
some attention has been tlic continued full movement of Puget Sound
804.196
212,9
32
166,646
the crop in the Northwest, the receipts at the spring-wheat
PorUand
markets being on a liberal Scale. The world's export move.1 1,617
,t>9
2,269
1.708
ment, although showing a considerable falling on from the
•i
82,680
14.722
1.525.904
cpectations.
previous week, nevertheless was in excess
EXPORTS OF BREADST1 FFS, PROVISIONS, COTReports that the Sour mills in the Northwest, owing to the
\\ D I"
ROLEUM. The exports of these articles
holiday dulness of the Hour market, are working on halfduring
the
month
of November, and the eleven months, for
time had some influence against wheat values
!rop aews
from Argentine has continued favorable and it is undcr- the past thn yi ars have been as follow.-:
>d that the export movement of the new crop of Argen1904.
Kj,'
tine wheat will begin on a liberal seal' during the coming
mm ':
months.
month. Crop news from India has shown some improvement, pun! rains being reported in -one,, sections, but in
13.2s
12,219
1.81
67.789,731
others the drought still continues.
Bus
pot Flour bush
161
9.410.01U
10,081
-bills
market has been quiet and price- have weakened slightly.
'.142
ils.27
1.
i.IM 1.091
To-day there was a tinner market, reflecting firmer foreign Wheat a bu.
'.ills
1.316
1,984
5,951, 187
advices and on buying by Leading interests.
The spot
bush. 17.865.290 148,221.102 0.007,972 B8.023.258 19. 110,839 23 1.4 11.155
market was quiet but steady.
/.'
1
'
.
.
l
.
;,:,
i
1
i
i
,
»
I
'
.s'
.
I
I
1
1
:
.
I
l
-
I
it.
DAILY CLOSING PRICES OF WH1
FUTURES
!'
\
Mm
red winter
f.o.b
ivory in elevator.
delivery in elevator
July delivery in elevator
in'
IN NEW YORK.
Wed. Thurs. Fri.
$
%
$
52.898.539
51,710,21
10.607, I6S
[68.10
,.
i
s
S
S82.763
21,8
I
27
1
7,154
146.13s
'
9
'J
94
:
Holi-
95
day.
91
91M
88H
.
94
.
,
9
94'-.
91 I
!>i»
SSH
88»
5.740,715
1.038.198
Barle]
s
S
4.597
-
[..-,1.-,,
tin
|
3.784.202
1,160,151
;
88
(
DAILY CLOSING PRICES OF WHEAT FUTURES
imber delivery in elevator
Hay
delivery in elevator
July delivery in elevator..
.s.i/.
Mm
s
-
:loii-
S7' 4
day.
-'
:
.
Tues.
IN CHICAGO.
Wed. Thurs. Fri.
Tot. value 99.340,052703.668.122!88.037.907|647.439,647 106.
•
Including flour reduced to bushels.
a
S.S
and veare.
:
-
:
,
Note.
Pries in the New
Indian corn futures have been quiet.
York market have yielded slightly, but the Western mar
has been firmer, particularly for December delivery.
The
receipts of corn at Chicago are
tion is reported as good, and
kept actively at work turning
er, there has been buying
oris to cover contracts, and
running
huge,
fairly
2
Cash corn
December delivery
...f.o.b. 51
oti 3 4
in elevator
Kay delivery in elevator
50
July delivery in elevator
above
of the
by the Bureau
1
in.-;
i
1
for four years:
WHEAT EXPORTS FROM JULY
bushels.,
it,
Flour, reduced to bushels
Total bushels
The movement
M
!.
,
Holi-
">')
Thurs. Fri.
.,
50
50Ji
—
Man.
So*.
Chicago
Milwaukee
50J*
Thurs. Fri.
•,
.
41?/g
41?$
44',
44?*
<
market was firmer on shorts covering.
DAILY CLOSING PRICES OF OATS IN
Mori.
Sat.
The following
L8.550
Toledo
4
i
38 H
37H
41'/8
42
44)4
44%
NEW YORK.
City
3i;',
37J4
No.
''
3
Since Aug.
1905
(8
in
3
;
1
36
37J*
'"/.
Thurs. Fri.
Tk
3 20
j§
3 30
|
S
32
WA
77.702.77.'
i.810
72. 605, -To
I
:
"
.
i
Orleans.a
i
!
<•
..
\
bush.
bush.
538,500
519,000
60,684
.">s.
40,700
65.600
9,384
.
900
500
60,000
17,685
19.003
1,000
11,073
34.286
19,275
14.197
1.243
164,008
608.881
Total
2,084.392
1,870
2.74
Orleans tor foreign ports oo
lading.
recei]
as
f
•
from
January
58,801
19.3SO.117
1'
i
1.432,1
_
n
in
inal.
41
Decern
to
1
I
li.
1.124,127
41,062.277
54.00
17.1 13.104
8.313.887
1.1.
21. o-
101.79
I
161.72
the several seaboard ports for the week
I
.
Exports of Flour and Grain from Pacific Ports.
of grain and Bo
(lilts
bush.
I
000
illows:
|.
1.IHHI
!
02 UNI
nbining these figun
10,481
the
being
last
ye
).
o/—
',
ending
1
fou
illo
Corn
Oats
i.ial.
4,111)0
10.19s
i
b Ml)
f.o.b.51
-
10.400
L'l.ooii
.
71
bills of
bush.
21.110
John
b
4s
170
223.849
64.988
6,452
-i.
No
So
176,362
90.689
125.023
Rue,
1,223,
:'.7
hi< b
following,
tries for the period
espoi d
le with
894,1' Is
Flour
Nominal.
.
1,659.900
Montreal
Mobile
16
42
No. 2 mixed
bush
700.000
82,692
29.176
2.171
ilk
40
2 16
;.
36
1.873, i.JO
2.371.518
85.823,398 42,599.374 4.530.314
1,798 40.026.332 4.193.471
756.000
!
U8h.
4.651.526
2.212. S17
826,824
.'.
compare
\\ e
.
11
1
Com,
166.812
160,000
II. 153
iii
!
26
H
"
.
a Receipts do not Include p
.
f.o.b
94
f.o.b
92
f.o.b.
93Ji
f.O.b. Noin'l
.
Rye.
liar ley
.
Wheal,
bblt.
...
tiraore
"<>nd
port N'ews
Bi
St.
I
c.
l
.
10.084.374
at—
pts
-'.
Oats.
.
18,650 133,559,096
0.572.406 135.010.000
Boston
Portland.
Philadelphia
\
GRAl
No.
Corn.
4.978.123
0,039,933
2,980
9.909,207
1903
New
Holi-
06
a
(.,
Dill..
105,147,144
1.
1
Receipts
IN CHICAGO.
30
o,
V.
65.011,347
164,763
1
N. Dul.. No.
20.556.668
5.006.939
3,944,543
359.824
i.
36.704.690
l.i.s.5.204
235,920
0,799
269,121
Flour,
36
37,4
36
37)4
MIXED
2
is
Tot.wk.'OS
Same wk. 04
Same wk. 03
Eri.
day.
1.395
43,455
is, 750
.
are closing qoutations:
..3
1902.
67.697.393
37,449.751
Total receipts of flour and grain at the seaboard ports for
the week ending December 23 follow:
1
Holi-
7,800
Detroit
leveland ..
St Louis
Peoria
.$2 75
Superfine...
i, No. 2..
29,593,562
35,417,785
bush 50 lbs bush 32 lbs bush AHUis bu.56 lbs
190,000
2.810.450
2,089.700
692.528
58,000
275,001)
472.1. oo
101.650
199.760
37,600
45
673,4
223.420
131,9110
13,242
3,070, S50
890.100
243,990
461.880
42,820
5,-. 000
255.000
64,200
1,300
25,089
181.288
74.322
10,190
295,119
92,324
7.426
271,405
075,920
132.5.'
507,600
21.000
33 s
298.000
7 1.700
2.400
475,000
110,700
96.000
145.976
.
i
>
Oats for future delivery at the Western markets have
been quiet, but there has been a steady tone, prices for
December delivery showing a moderi
ance on buying
by a few belated shorts to cove: contracts. Business in
the spot market has been quiet, there being a temporary
lull in the demand over the holiday season.
To-day the
30H
3.009,530
17,547.138
Wheal.
Minneapolis.
.
Sat.
12.700,092
24.004,598
.
:
aber delivery in elevator
May delivery in elevator
ator
July delivery in el
1903.
tob.l96(As. >ush 60 lbs
IN CHICAGO.
FP< d.
.
Holi-
DAILY CLOSING PRICES OF NO.
30.
1904.
of breadstuff's to
Fijur.
57H
56
56J4
day.
Receipts at
50 VA
;
44' 4
f.o.b.
f.o.b.
TO SOS EMBER
l
1905.
market as indicated in the
statements below is prepared by us from figures collected by
The receipts at Western
the New York Produce Exchange.
lake and river ports for the week ending last Saturday and
MIXED CORN IN NEW YORK. since Aug. 1. for each of the last three years, have been:
DAILY CLOSING PRICES OF CORN FUTURES
No. 2 mixed
No. 2 white clipped
months
.::
on the monthly preliminary returns
and cover about 98' oi the total exports.
oi Statistics,
O.iluth
aber delivery in elevator
January delivery in elevator
May delivery in elevator
July delivery in elevator
aim
b Including cattle
lased
ftgui
sports from the United States of wheat
and wheat-flour, expressed in bushels for the, five months
from July
to November 30, inclusive, have been as follows
the d
iuses are being
out contract grades.
Bow-
Sat.
— All
!
for the account of nervous
this demand advanced prices
slightly.
Weather conditions in the corn belt have continued to be reported favorable for marketing and handling
the crop.
The spot market has been quiet and slightly
easier;
business with exporters has been slow.
To-day
the tone was unsettled, closing easier.
The spot market
was quiet.
DAILY CLOSING PRICES OF NO.
,738
s;\
I
I
00.210
THE CHRONICLE.
1HG4
The destination
July
;,
Week
Exports lor
ince
nited
i
I
wn
"iii
.1
I
I:
mil
10,321
Week
1905.
Dec 23.
i
bbli
/,//.
.
2,640,288
98,991
383,869
>im
Col'i
1905.
bus/i
Week
Since.
Jul'/ 1
Dec. 23.
1905.
I
.
16,129,441
892,214
015,425 7,587,588 1,825,6
11,
12,400
694
20,728
2,000
11,700
150,000
190,000
100
1,739
715
Other ccimtrles
A
July
994,641
B 10,
i
Total
["Otal 1904
since
Corn*
/,,„,
Sine/
Strict
ui a
/>
150,941
Continent
id Cent. Amcr.
ro
.i
bids.
'"
!
Ingdom
Hi
week and
of these exports for the
as below:
is
1
i
98,222
205,615
724,299
220,295 4,760,662 1,810,366 24.0S7.000 2,757,009 :!2.050.'J!).'i
7,197,6511,023,132 15,1
188,471
..96,192 3,267,617
..
The
visible supply of grain,
granary at the principal ports of
comprising the .storks in
accumulation at lake and
bush.
Corn,
bush
Oats,
bush.
New York
843,000
895.000
751.000
594,000
381.000
135.000
451. ooo
153,000
28,000
4,299,000
7,240,000
664,000
90.000
1,448,000
52,000
170,000
772,000
313.000
338,000
afloat
Boston.
Philadelphia
Baltimore
New Orleans
Galveston...
Montreal
Toronto
Buffalo
afloat
Toledo
1.035.000
1,939,000
2.047,000
952,000
39,000
35,000
471,000
Rye,
bush.
Barley,
bush.
227,000
702,000
-.
295,000
70,000
1
444.000
125,000
88,000
2.516.000
360,000
5,000
afloat
Detroit
476,000
183,000
46,000
218,000
5,659.000
430,000
330,000
1,082,000
5,733,000
647,000
63.000
332,000
81,000
102,000
528,000
202,000
87,000
1,469,000
30,000
afloat
Chicago
afloat
Milwaukee..
afloat
Ft. William
afloat
Port Arthur
Duluth
1,000
8,735,000
2,265,000
53.000
267,000
4.101.000
599,000
6,388.000
822,000
1,393,000
0,000
317,000
452.000
251,000
100,000
148,000
1,850,000
45,000
-
afloat
Minneapolis
St. Louis
afloat
Kansas City
Peoria
Indianapolis
On .Mississippi River
On Lakes On Canal and River
Total
Total
Total
Total
Total
Dec.
Dec.
Dec.
Dec.
Dec.
419,000
--
1,139,000
106,000
762,000
3,304,000
_
23 1905- -40.467,000
10 1905--38.S35.000
24 1904- -39.718,000
26 1903- -36.384.000
27 1902. . 49.678.000
but the present demand is not heavy. Sell.
conservative in naming prices on napped goods.
Pri
have been quiet but there is further talk of shortening
discounts.
Fine dress ginghams are again firmer and a
fair business has taken place in staple fin<
Print cloths
have been very quiel during the week, particularly v.
goods, but prici
rmly held and stocks are very small.
GOODS.—There has been little doing in the
men's wear heavy-weight woolen and worsted market
during the week, as the majority of out-of-town
returned to their homes before the holidays, and resident
buyers have been far from active. This season is very
different from last in that the buying of low-grad< g<
is not nearly so far advanced.
At this time last year it
was nearly over, but this season there is still a lot to be
done. The reason for this probably lies in the fact that
buyers now understand conditions better, and, while realizing the upward tendency of the market, are not so fearful
tly
still
.
i
70, 000
80,000
36,000
2,549,000
309,000
1.589,000
position, owing to the scarcity of gray goods. The expected
advance in finer counts has not yet materialized, but stocks
on hand are very small and bleacherie
ell sold ahead.
Coai e, colored cottons continue very strong, owing to
the curtailment of production and the scarcity of immediate supplies. Cotton linings are expected to advance
WOOLEM
seaboard ports, December 23 1905, was as follows:
Wheat,
[VOL.'LXXXI.
of extravagant advances as they were last year.
Another
reason is that clothiers are complaining of the quality of
low-grade goods, and this is affecting the current bu
As has been stated all along, the juice-, quoted on lowgrade goods do not reflect the advance in the price of the
raw material, but have only been possible by manipulation
in manufacture.
This has been done with the idea that
buyers would not pay much higher prices for low-grade
goods than they have been accustomed to. It
now, however, that those goods which were not manipu.
17,000
1,000
but which were advanced in price commensurately,
have fared better than the poorer quality ones, which,
possibly, may be a result of the great prosperity of the
country at the present time. It is claimed that this season
is finally to see an improvement in woolens and that velour
cassimeres particularly are likely to prove very popular.
lated,
•
10,555,000
8.739,000
7,208.000
5.728,000
7.112.000
27,726,000
27,756,000
23,672,000
8,330,000
5.060,000
2,533,000
2,311,000
2,110,000
1,306,000
1,122,000
6,236,000
6,334,000
6,850.000
5,580,000
3,115.000
Staple overcoatings are beginning to move more freely
and an active period is now looked forward to. Dressgoods conditions remain unchanged. Business during the
New York, Friday, Dec. 29 1905.
past season has been very heavy and new lines have not
With stock-taking operations in full swing and the vast yet been shown to any appreciable extent.
number of buyers out of town for the holidays, business in
FOREIGN DRY GOODS.—Imported woolen and worsted
the cotton goods market has naturally been of very small goods have been quiet and unchanged.
Silks show signs
volume during the week. In spite of this, however, it is of improvement but are still slow. Ribbons are qui
apparent that many buyers are still actively in need of Linens are advancing, owing to the price of the raw magoods and the demand for spots has been maintained. terial. Burlaps are firm with Calcuttas very scarce.
THE DRY GOODS TRADE.
Premiums are still readily obtainable for early deliveries
and there has been some buying for future delivery. There Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
is a disposition for the moment to act very conservatively
with regard to remote deliveries, but on all sides confidence at this port for the week ending Dec. 28 1905, and since JanThe statistical position of uary 1 1905, and for the corresponding periods of last year
in the future is in evidence.
the market is still very strong and while cotton is lower are as follows:
H
S
g
g
g
g
g
than it was a week ago, yet the raw material situation is
and
there
no
knowing
when
another
uncertain
is
very
o
o o .--pjo ^ —
o
o
o g sr=-9 J
—
5
x
p
sharp advance may occur. It is impossible to predict p 2 p —
JT°
O — 5
P
o
11 3. S
p'
P
P
S3. 5.
when buying will re-commence on a large scale, but business
?
o
O
5
•a
is expected to improve considerably after the turn of the
p
C rill
C
*
o O
ng*
3x
o —
o
i
year.
There is little activity in the export division and
o
P
2.
(D
Chinese buyers are not expected to take much interest
z
Si
~ a. 25 5I 11,11
<j
-:
<,
in this market until some time in February. This is causp:&
g
I:
>
a
ing little apprehension, however, as most mills are sold up
tc
?3
O
O
^
on export goods until March, and many of them a good
S3
p
P
g ^
o
deal further ahead.
It is noticeable, nevertheless, that
"^
*>
CO
02
O
— — — co — *to <— * it'COOSSOCO
*oo "co Ol to OS CO
certain exporters are asking that shipments may be post01
©Oi co*oococo
CO-JCOOStO
is o
ct co 00 00
H
o*
Oi to — Cn to
to Ol
poned, which is in striking contrast to a few months ago,
Z -J tOOi CDtOOCOOi H to coco to 1^0 * P J SC
O
to
H
when there were many complaints of deliveries being behindH .M
°°t> O
3
f
-hand. Holiday dulness has also been apparent in the
tooi
— to
01 cc to Kj
to OS
M tO co
fa m
osi—
osostoosoo
rococo Jo
OS — -JtOCO
OS -J
w 2 shi
00 00 oi ^ *
to — — OS 4^
OS 05© OS —
woolen goods division but the situation is satisfactory.
-a to
'fos C
Vj— "co"-jVi
OiOS
tooocoo*S Ol
VtbVl50jn
en co
j^hOM4iMi « ?"« g
©<i*oi to
OiO OOrfkOiOOCO
C Oi
DOMESTIC COTTON GOODS.— The exports of cotton
~j Oi
colocolcsosoo^ito
O
-3
0CMO*o
goods from this port for the week ending Dec. 25 were 1,565
o
fa ^
*-to
to
*tO >^
packages, valued at $115,720, their destination being to the
O
^ CO >(»COMtO ^
COM o — — toOOl to — *0
yco OSOO1O1
* © to Oi — Oi Oi
points specified in the tables below:
> .* o*.osco 5
3 r OOO CO—
«J
"-JOiOS
00,
"iki(.siDV
OOO -V— — 00
t"
*j
1905
W04
co
^— o co £ ^^ o
oo^joico^
00s ooicsoi*
coco
a:
t §
oi
co^tlos^enoto
00
00 0C OS
coos
o — cooo,t>. S3
hSince
Since
M ^
^ New York to Dec. 25.
Week. Jan. 1.
Week.
Jan. 1
—
—
**
—
—
to
—
to
hw
Great Britain
19
20
1,282
1,463
00
CO
tOCO OS -1 *.
_
CO CO O M
tocoos^ihti.
00**
(o
o .M Oi"tO co
Other European
1,027
806
10
*.coVoi"co
co'tobi -1
OiOs
O ?" Vo- "toco ^S
China
cooi
CO CO CO OS -J
107,484
99 471
CO- OoOito
CO~J
—
§
>^
01 os 00 00 01
—
to
*> OS ^J to —
India
429
18,335
7,836
I
E b bo
bTosV— b Z CO *toosco*.
00000 to bo
bo"co
Arabia
25,644
19,316
00
O ocnoo-aoo
00
O § 00 OlOCOCO-J
— 00
— <t to to 00
01
01 coco
re
ft
s?
-!
r-t-
s
*r
'
1
re
re
'
'
'
'
'
<
'
'
'
P.
'
'
'
<T>
'
1
1
'
'
'
I
I
I
1
1
I
I
I
I
1
1
1
.
'
'
t»
cc
1
,
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
1
1
1
O'l'
1
I
1
EC
1
,
1
i
;
1
i
1
1
1
1
1
:
:
:
:
:
:
1
1
1
1
1
1
,
,
,
1
1
,
1
re
'
!
-.
>
1
;
\
1
I
I
.*•
cr.
''
51-
l-
1
_-J
,
I
I
>— '
1—
1
1
I
CTi
I
1-;
1
"to
Africa
West Indies
Mexico
Central America
South America
Other Countries
Total
•
692
29
60
658
96
1,565
11,206
34,219
2,834
16,644
59,952
16,540
295,167
2
210
36
426
1,958
155
3,235
9,295
21,429
2,474
14,456
58,855
20,760
OS-J*-~J^l
ento
00 to*00 to
«o to CO
COOS
S3
—
co to
oto
255,983
— ~4
—
ll^
co
~a
00
coco
i
I
1^-tO
c
<i—
o—
CO—
OS
bi—
Ol
X
— — Ol
——
"to
I
toeoos-jco
-
I
tS
H
©OS
bibs
cooi
00s
iCCOtO*-os co co cs en
COSOKS.M
Oit*
00
— ^)
—
os -j 01 co *.
Oi
toco*.
eo<i
obi
— bsbib'vfc-a to 01 — co
co 00
co 00 co
i^-eo
to
co
co
W —
M
S
-j
o
M 00
y 00
*.
OS
CO
to
to
Ol
OS
bi— bsto
en os os ~4 *.
^ito^oo-
So
z
>. to
-vj
in.
I
to
CO
eo"*"*."cobo
tooooo>t>.<i
— OlCOCO
oco*
* — — to
os
j O 000 — —
-o
2
—
3-:
00
O OS
J
o
oi
os to
CO 00
to
-a os ---ico
coco
to
—
*
wViVcolW
O:
OOi
bo
Ol Oi Oi OS
to 01
—
Oi —
rf*—
O1O1 — -J<|
CO — *.OitO
coco
COOl
coto
00*.
>-t
osoeoeoco
CO>t*
to
to
£—
co
p CO
to-
001
of these New York exports since Jan. 1 has been
$16,683,187 in 1905, against $15,027,253 in 1904.
Fair sales of standard drills have been reported to India
at "I%c., representing a slight advance, but the home
demand for heavy brown drills and sheetings has been
Four-yard and lighter- weight sheetings have been
small.
in better request, and fair sales have been reported for
The value
The demand, however,
future delivery with more pending.
is principally for spot goods and premiums are frequently
paid for quick shipment. Bleached goods have only been
taken for immediate needs but inquiries for medium counts
have been of fair volume, and these are in a very strong
CO
1-
—
000
— — to —
*
bi
i
"*bsb5Co<i
-jcocn
co
I
— tooscs
to
§ 2 00
00 :o en oi
CO
©0005*10
> "0
ccocooooo
fa
—
©O-J*
M w
co
Oi O CC 00 —
H
^ *00
jo-ih eo
00
to * co o »J
"o
"—co— "to*
to
o 00
CO to
CD
CO
co en -J co co
os
os -q
coto
coco
~JOl
tO CO
OKI*.
* -J
— Os Os
« 8 «
™
•
•
tO
01-4
OlO
Vibo<tbibo
OS
C: CO
— toos*os
O1O1** —
"
~S-
*IQ
>
z
CO
o ©
•5^
* co co
_cO
-J
co* os oto
— — -J — to
0*
coos
asocoenco
R
ie~.g:
k*i
bo"*.bbsbo
toosoas*-
>
M
°
ir C— z
to
coo
000
oco
coos
0*.
Ol
to
1
00
00 Ol
M
o
biVjVqVjbo
I
oi©-joooo
05
tOOiCOOS
— 00*00 to
—
to*-ico
OS OS CO CO 00
o
en
>
z
o
—
CO
©
*•
——
y
W
0ITY J
,T£NT,
News
Items.
Dee
water ana light bond
tin and Interest o\ en
i'.
1
he dty of Austin and some ot U
i
nt
of Ita
i
wherebj the bonds are to be taken
i> ol
against the city and decided advene to the cit>
Cahlll et
which the city attempt'
at ni\ bonds, bearing 5
several years' Interest and Injunction were
the City, resultins in Judgments (or interest, etc. nwrvKutln
d the dolto be paid in full and court costs, and the city is to buj thi
hir by July l 1906; otherwise the present status la to be resumed without prejudice
to either side.
n.e eitv has about $89,000 on band, tied up by the Injunction, to v.
.dded from another fund, ai
paj
Is to draw
the Judgment and all court costs, ri
it, yet the city's
deposit in the same bank brl
and to Improve the
bin addition to straightening out the foregoii
1:
ilniiiu
condition, the Council approprl
?9 to pay semi-annual int.
aeorued interest and sinking fund on the outstanding water and light bonds, amountinterest under the n
riie
1,000, and bearing ..
ing to an
holders of the $317,000 o! oity bono- refus .! to go into the refunding agreement, hut
Their refusal was sustained by the courts.
all others did.
The City Council also smoothed out the financial dltHcuity relative to the l>
uv Hall bonds. Hie sun:
City-Hall fund, by authorising the purch
Of $1,590 was appropriated with which to redeem outstanding bonds,
Cahlll ot
1865
t,P.
Sinl
unci
at the office of th
(
i
'
0. Pittsburgh), Pa.
imi
Bon d
<
',
payment Jan. 1
tend com-
for
coll
ing
.666,670,688,689 692,69
1863.
The Act of the Assembly authorizing th
bonds requires thai not less than $25,000
yearly,
cumbers above called are for different denomination* and
date Jan.
I
.
'
promise boi
Bond Agreement. An agreement
Austin, Tex.
the holders of old
reached between the city
water and light bonds who refused :. exchange their ho
ings for new adjustment bonds. The f
patch from
Austin, which appeared in the Dallas "V
(plains the
terms oi the agreement:
iv\
.
Allegheny County
I
1906
i
— —
——
.
THE CHRONICLE
Dec, 30 L905
8TM
.
1
approximate $25,000 in amount
Monroe (Mo.t School District.
Walker. Pre ident of School B
Commerce
National Bank of
bonds:
B
for payi
N ork
City ih
New
in
Manning
I
mg
$10.00
.11
be
al.
IS02,
.
made Jan.
l.'>
Ljment wl
I'
I
Bond Proposals and
Negotiations
week
litis
>
-
i
1
•
;
State
and City" section
for
November
L905, p. 181.
State.- Constitution*
seven Constitutional Amendments submitted to a vote on
.. 7 were all adopted.
The official vote, which was an•
of Chicago to take the
interest and pay for the
2,
amending
le
from the comput
a
I
bonds
i
Article \'I! so as to authorize the Legislature to provide for the
and sinking fund instalments on all State debts out of any
the direct tax that must now be levied to
of interest
hinds in the state Treasury,
meet these chargi
amend::'.- S
l.
I,
Article VI, which will emixnver the Legislature to
increase the number of Justices In each Judicial District until in even- district,
except tfa
nd, there shall be a Justice for each 00,000 Inhabit
For, 2
No. 4. amending section
irtlcle Mi. to give the Legislature power to r
all public works or contracts in any
the wages and hours of labor ol emp
political subdivision ot the State,
l or.
No. 5. amending Article VII, which will authorize the Legislature to create a debt
of $50,000,000 for the Improvement of highways, without submitting the debtior.
creating law to the voters, a.- i~ now required,
117,181.
No. i). amending Section 4. Article \ II. to extend the term ol State cerl
it
Constitution,
of Indebtedness from twenty years, the limit placed by
Tor. 293,552; against, 127.304.
to fifty years.
No. 7, amending Section 2. Annie VI, BO
3 of the A;
Division to perform all the duties of Justices of the Supreme Court in any de
ment except the one ot the Appellate Division to which they are designated, lor,
i
page 1806
se
We
I
\\
,
.
125. 149
Washington. Attorney-General holds Municipal Bonds
Xon-Tuxable. In the "Chronicle" of Dec. Hi, page 17
under caption of '"Seattle." we published an opinion of the
it
Corporation Counsel of St attle holding that bonds
The State Attorney-Genof Seattle were not tax-exempt.
eral, however, does not agree with the Corporaton Counsel.
—
of last w<
He rules that, in the al
of explicit Iangui a
pressing the desire of the Legislature to tax such bonds, its
intention to do so should not be implied. This ruling of the
Attorney-General was reported in the Seattle "Post-Intelligencer" as follows:
—
Olympia, Dec. 10. Bonds cannot be taxed, says Attorney-General Atkinson, In a
letter sent to-day to J. P. Agnew, Auditor of King County, in reply to a letter of
Inquiry regarding taxation of county funds.
Mr. Agnew was advised that it Is a well-estahllshed general principle In America
and Kngland and other countries that public property and the general Instrumentalities and agencies of government, whether Federal or of the)various States or political
sub-dlvlsions of the States or municipalities, are not subject to taxation. This immunity Is often cemflrmed by some express constitutional or statutory exemption, but It
not necessarily dependent thereon, says the Attorney-General.
"In most, if not in all of the states.'' says the Attorney-General, "State county
and municipal bonds or warrants have been held not to be embraced In the usual
1st of things taxable by the statute of the State wherein such agencies were Issued.
It Is considered that taxes should not be Imposed on the Instrumentalities of the
government which would deprive them of the power to serve and to do credit to the
government, or would hinder the efficient exercise of their intended powers.
"In the absence of explicit language clearly expressing the desire of the legislature
to tax bonds of the State, Its Intention to do so will not be Implied, since the prai lee
has been otherwise under former and existing laws.
"It Is to be presumed that If the Legislatures of this State, through Its sixteen years
of history, had thought proper to tax this sort of paper. It would have passed some
special law; and as It has not done so. In the face of the weight of authorities. Ii i- c>
be supposed that our Legislatures have always acted on the theory that the bonds
and warrants and like agencies of government were exempt.
"To tax bonds would have an Indirect tendency to Impose burdens upon and to
hamper our resources of the State and to discredit its assets and agencies m thi
Is
t
ministration of public functions, by depreciating the value of its securities. Prom the
long usage of our public olllcials under the law as I view It, I am not Inclined
municipal
a stand which would discredit or Impair the marketable value
bonds, and I am of the opinion that they are not lezallv taxable in this State."
The proposed issue of $80,000 armory bonds In King County called up the question of taxation.
t
A prominent bank official in Seattle, in writing to us recently on this subject, state- that it i- quite probable thai al
muthe next Legislature a bill will be
"At
he
nicipal securities from taxation.
"lit tie
»uld be
adds that
h the bi
of
or no attempt has been mad
their
bonds of this State (Washingto
ion of a
income being
diminished by the
tax under the pi
Iministration."
;
i
.
-
i
—
Bond Sale. On Dec.
10-20-year (optional) refunding bo
V. Sl p. 1570, were awarded
ingood
cinnati at 102.288. Following are the bids:
14,000
in
Mayer,
.',
W.
i
Ha;
J.
31
Browne-Elllnwooa Co., Chli
C. II. Coflln,
hie
m. Prior
Co.. CI. <fc Bo.
J. M. Holmes, Chicago
34,680 00 Kane 4 Co., Min
E. H. Hoi
ii.i uller & Co
.. 125 001
I'
nomination $1,000.
Date Jan.
annual.
..
1906
of
a1
oo
:, 00
M.llo 00
hi
190
1
—
'..',
'••
.
rt
i
•
part yearly for 15 year-.
—
Bancroft (Neb.) School District No. 20. Bond Sale. On
Dee. 20 $20,000 o',, school-building bonds were awarded to
the Hankers' Reserve Life Co. of Omaha tit 108.50 and accrued interest. Following are the bids:
Bankers'
Reserve Life Co.,Om'aS20,
MacDonald, McCoj & Co.,
t
b e.
&
Speer
Oo
.S20.210
i
20,6431
Date Jan. 1 1900.
Denomination 8500. [nterest semilaUy at Nebraska fiscal agency in New York City. Maturity on Jan.
as follows: $1,000 yearly from L909 to 1924
inch
id $2,000 in L925 and in 1920.
Bonded debt this
l
\
aluation 82 12,000.
—
(Ohio) School District.
Bond Offering. Probe received until 12 m, Jan. 1.. 1906 at the office
of S. B. Piper, Clerk Board of Education, for $35,000
coupon school-building bonds. Authority .Section- 3991 and
3992 Revised Statutes of Ohio.
Denomination $1,000.
Date Jan. 15 1906. Interest semi-annually on March 1 and
Sept. 1 at the First National Hank of Barnesville. .Maturity
on Sept. 1 as follows: SI, 000 yearly from 1907 to 1911 inclusive and 82,000 yearly from 1912 to 1926 inclusive. Certified check on a national bank (or New York draft; for $300
payable to Board of Education required. Bonded debt this
issue. Assessed valuation 1905 81,629,00V
i'.'.e
4%
—
Bassett, Rock County, Neb.
Bonds Not Sold. No sale
has yet been made of the $8,000 6% 5-20-year (optional) water bonds offered on Dec. 11
For description of these securities see V. 81, p. 1686.
Big Stone County, Minn. Bond Sale.
As already
ported under the head of Minnesota, in V. 81, p, 1747, this
county recently sold an issue of 812,000 r; bonds to the
State Board of Investment at par.
We are now advi
that these bond- are in denomination of 82.000.
D
Dec. 13 1905.
Maturity 82,000 yearly from 1911 to 1919
.
—
inclusive.
Blackfoot, Idaho.
Bond Sale.- -On
r> >y;
100
10-20-year (optional'
876
V. 81,
Bond
13 an issue of
Btreet-improvement
bonds was awarded to the Browne-Ellinwood Co. of Chicago
for $6,187. Denomination $1,000. Date Jan. 1 1906.
Blackley School District No. 1392, Sask. Debenture Offering
Proposals will be received until Jan. 12 moo i>v Prank
Holmes, Secretarj P. <>. Nutans, for$l ,000 o< debentui
maturing part y
ten years.
—
,'
.
i
Boston,
Mass.
Bond
Sale.
George
Treasurer, this week off red bo the public
&
'"
Call
i
Jan.
1
r
uring
p.
1201
.
U.
at
Crocker.
City
follow-
p
ing bondi
Dec
IS
I
i
18
Denomination of bo
ad Dec.
II
000 or multiple.
June
I
1
,000
1
Dec.
l
Calls and Redemptions.
the Ti
•
00
'
Aylmer, Ont.- Debentun Sale. On Dec. 26 the $20,000
debentun
ionedin V. 81, p. L80I
awarded
to the Canadian Securities Co. at 100.96.
mature
!
|
Alabama.
Cin-
of
(S
t
1
0.
ids
is
,
tin
Bond
<
ue.
i
i
&
Harris
.
135,000 electric-lighl boi
same $84,363. For full li
Anaconda, Mont.
139.43*.
No.
Bonds
that this city has accepted the offer of N.
1
the debt of the City of Nov. \ ork. In determining us borrowing capacity
after Jan. 1 190-1 on account of the water supply.
,1
For, 366, IT.
paymeut
:
I'v;,
New Ycrk
nounced on Thursday, was as follt
Uon 10, Article VHI
No. l. an
have been as lollows
Aberdeen, S. Dak.
new
originally ad
Jan.
1
I
in
I
•'''.:
this issue.
advertisements elsewhere in this Departn
ring fron
Cambridge, Ohio.
lie
on]
THE CHRONICLE.
iw()<;
$2,2
Avenue sewer-assessment bonds of I22S 66 each.
Eighth Street sewer-assessment bonds of $5i 70 each.
of $38 00 each.
North Fifth Street Hewer-assessment bonds of $94 00 each.
North Fourth Street sewer-assessment bonds of $29 lo each.
"
Ivenue sewer-assessment bonds of $25 50 each.
North Sixth street sewer-assessment bonds of $:j7 30 each,
Foster
a
.",
,
940 mi ''
tux oo w
265 00 62
:i7:i oo ,v
,
Comber Avenue sewer-assessment bonds
'
—
33^% coupon water-works bonds. Denomination
Date Feb. 1 1900. Interest semi-annually at the
American Exchange National Bank, New York City. .Ma$500,000
$500.
turity Feb.
1 1946, subject to call after Feb. 1 1920.
Cercheck on a national bank for $10,000, payable to the
Board of Trustees "Commissioners of Water-works," required. Bidders must use printed form of proposals furnished
tified
Clerk.
—
Cingmars, (Town) Minn. Bond Offering. Proposals will
received until 12 m. March 1 1906 by Edmund F. Cingb
mars, Town Clerk (P. O. Littlefork) for $12,000 6%;20-year,
bonds. Certified check or draft for $500 required.
Colorado (Tex.) Independent School District. Bond ElecAn election will be held Jan. 9 1906 to vote on the
tion.
question of issuing $15,000 high-school-building bonds.
Cottonwood County, Minn.— Bond Sale. On Dec. 13 this
county sold at par to the State of Minnesota an issue of $3,00u
3% ditch bonds. Denomination $600. Date Dec. 13 1905.
Interest annually in July.
Maturity July 1 1915.
—
—
The
104.39.
bond offering will be found among
Department.
Fre3no, C&\.—Bo7id Sale.
As stated in last week's issue,
this city on Dec. IS awarded the 875,000 city-hall and the
•SI 75,000 sewer bono- to N. W. Harris & Co. of Chicago for
$263,108. We are now advised that this sale was made on a
basis of bonds carrying 4>£% interest. Denomination $500.
Maturity one-fortieth yearly.
Garner School District, Stanislaus County, Cal. Bond
Sale.
An issue of 82,400 6% school bonds was recently
awarded to the Oakland Bank of Savings at 104. Maturity
one bond $400 yearly.
Geneva (111.) School District No. 98.— Bonds Bid.— Following are the bids received on Dec. 16 for the $5,000 43^%
school-building bonds awarded, as stated last week, to X. W.
Harris & Co. of Chicago at 108.125:
N. W. Harris & Co., Chicago... $5. 406 25 Rudolph Kleybolte & Co., Chle.$5 203 00
N. W. Halsey & Co.. Chicago.. 5,250 OOlFirst National Bank. Chicago.. 5 200 00
Trowbridge & NiverCo. Chic... 5,236 001
Denominations 5500 and 81,000. Date Jan. 1 1906. Inthe advertisements elsewhere in this
—
—
-
March and Sept.
Georgetown, Tex. Bonds Registered.
terest
Denomination
—
4%
—
Danbury, Conn. Bond Offering. Proposals will be received until 4 p. m. Jan. 9 1906 by Henry N. Fanton, City
4%
gold water-works bonds. Authority
Clerk, for $200,000
Special Act (Chapter 97) of General Assembly of 1905.
Date Jan. 1 1906. Interest semi-annuSlly in New York
Maturity Jan. 1 1946. Bonds will be delivered as
City.
follows:
$50,000 Feb. 1, $50,000 March 1, $25,000 April 1,
$25,000 May 1, $25,000 June 1 and $25,000 July 1 1906.
Bidders must pay accrued interest and furnish blank bonds.
A certified check for $10,000 required.
on Dec. 20.
—
District,
f
111.
8220,000
Bond
4%%
Sale.
—
bonds to
N. W. Harris & Co. of Chicago.
Hamilton, Ravalli County, Mont. Bond Sale. On Dec.
20 the $10,000 5% 10-20-year (optional) coupon municipalcity-hall bonds described in V. 81, p. 1571, were awarded
to C. H. Coffin of Chicago at 102.26 and blank bonds. Following are the bids:
C. H. Coffin, Chicago
S10,226IDenison. Prior & Co.. CI. & Bos. $10,153
Welles & Dickey Co., Minneap.. 10.158IJ. M. Holmes, Chicago..
10,050
Hamilton (Ohio) School District. Bond Offering. Proposals will be received until 10 A. M. Jan. 22 1906 by the
Board of Commissioners of the Sinking Fund of Board of
Education for $6,000 4% refunding bonds. Denomination
Date Feb. 1 1906. Interest se mi-annually at the
$500.
City Treasurer's office.
Maturity Feb. i 1916. Certified
check for 5% of the par value of^the bonds bid for, payable
to the Board of Commissioners of the Sinking Fund, required.
Bidders must use printed form of proposal furnished by
Walton Bowers, Clerk of Board.
Hempstead (Town) Union Free School District No. 2, N. Y.
Bond Sale. On Dec. 19 an issue of $15,000 43^% schoolbuilding bonds was awarded to Geo. M. Hahn of New York
City at 104. Denomination 8500. Interest semi-annual. Maturity $1,000 yearly on Dec. 1, from 1908 to 1922, inclusive.
Hibbing, Minn. Bond Bids. Following are the bids received on Dec. 19 for the $100,000 5% funding bonds
awarded, as stated last week, to W. J. Hayes & Sons of
Cleveland at 104.231.
—
—
— —
Daviess County (P. O. Washington), Ind. Bond Sale.
Dec. 15 $66,956 434% Washington Township gravel-road
bonds were awarded to the Washington National Bank of
Washington for $67,696 and three-months' interest. Denomination $3,350, except bond No. 1, for $3,306. Date Nov. 15
Interest semi-annual.
1905.
Maturity one bond each six
months.
Defiance County (P. O. Defiance) Ohio. Bond Offering.
Proposals will be received until 12 M. Jan. 20 1906 by
Edwin E. Hall, County Auditor, for $21,000 4J-£ %coupon
debt extension bonds. Denomination $1,000. Date Jan.
Interest semi-annually on Mar. 1 and Sept. 1 at
1 1906.
Maturity $4,000 yearly
the office of the County Treasurer.
from Sept. 1 1907 to Sept. 1 1910 inclusive and $5,000
Certified check (or cash) payable to County
Sept. 1 1911.
On
—
An issue of $14,000
5-30-year (optional) refunding school-house bonds
dated Aug. 1 1905 was registered by the State Comptroller
5%
:
5%
will be received
Recorder, for $40,000 5%
official notice of this
—
1-10-year (serial) street-improvement bonds at
$600.
Date Oct. 16 1905. Interest semi-annual.
Dallas County, Tex.—Bonds Registered. The State Comptroller on Dec. 18 registered. an issue of $75,000
10-40year (optional) coupon refunding court-house bonds dated
Dec. 10 1905. As stated last week, these bonds were taken
by the State Board of Education at par and interest.
$12,000
called, will be held
water and sewer bonds.
Green River Special Drainage
Bond Sale. Rudolph Kleybolte & Co.
Cincinnati was awarded some time since an issue of This district has sold a:
Crestline, Ohio.
if
—Proposals
V&.—Bond Offering.
by W. T. Pace,
until Jan. 22 1900
I
of
are informed that election,
next April.
Franklin,
Authority Sections 50 to 95 of the Municipal Code governDate Jan.
Interest annually
L906.
ing the cities of Ohio.
at the office of the City Treasurer.
Accrued interest to be
paid by purchaser.
Cincinnati, Ohio.
Bond Offering. Proposals wil! be received until 12 m. Jan. 30 1906 by Robert W. Foster, Clerk
Board of Trustees "Commissioners of Water-works," for
by the
We
city.
.mi hi
1
:,-(i (in
lxxxl
[Vol.
—
—
W.J.Hayes&Sons,Cleveland.$104.231 OOlFirst National Bank, HibbingS102,550 00
& Co.. Cleveland 103.500 OOICommer'1 Invest. Co.. Duluth 100,675 00
F. L. Fuller
—
Holland, Mich. Bond Offering.
Proposals will be received until 7:30 p. m. Jan. 3 1906 by William O. Van Eyek,
City Clerk, for $15,000 coupon refunding water-fund bonds,
Series
"K,"
$1,000.
5%
Denomination
interest.
at not exceeding
1 1906.
Interest semi-annually at the
Date Feb.
Maturity $3,000 vearly from
office of the City Treasurer.
amount bid required.
Certified check for
Feb. 1 1907 to Feb. 1 1911, inclusive.
Elyria, Ohio.—Bond Sale.— On&Dec. 26 the $18,000 5%
$200, payable to City Treasurer, required.
coupon Middle Avenue improvement bonds, described in V.
Independence, San. Bonds Voted. The election Dec. 19
81, p. 1624, were awarded to W. W. Boynton at 105 and ac,
Auditor, for
2%
of
—
resulted in favor of the proposition to issue $20,000 43^%
10-20-year (optional) bonds in aid of the Pittsburgh Inde-
crued interest. Following are the bids:
W.W. Boynton
$18,900 001 Albert Kleybolte & Co. .Cine. .$18,747 00
W. J. Hayes & Sons, Cleve... 18,800 OOJHoeliler & Cumrnings, Toledo. 18,707 50 pendence & Oklahoma RR.
W.R. Todd & Co., Cincinnati. IS, 815 00 Hayden, Miller & Co.. Cleve.. 18,684 50
Seasongood & Mayer, Cincin.. 18,772 25|Denison, Prior&Co.,Cl. & Bos. IS. 666 00
Independence, Ore. Bonds Voted. This place on Dec. 18
Secur. Sav. Bk. & Tr. Co.. Tol 18.750 001
voted
to issue $35,000 water bonds.
Erath Counts', Tex. Bonds Registered. Jail bonds to the
Bond Offering. Proposals will be reJersey
City, N. J.
amount of $30,000 were registered by the State Comptroller
on Dec. 23. Securities are dated July 10 1905. Interest 5%. ceived until 3 p. m. Jan. 17 1906 by the Board of Finance
—
—
—
Maturity 40 years, subject to call after 5 years.
for the following bonds:
Eugene, Ore. Bonds Not Sold Bond Election. No bids 8300,000 4% gold coupon refunding assessment bonds.
60,000 4% gold registered refunding water bonds.
were received on Dec. 20 for the $200,000 4% coupon light
50,000 1% gold registered refunding general bonds.
and water bonds mentioned in V. 81, p. 1508. On account of
Interest semi-annual.
Securities are dated Jan. 2 1906.
a suit recently instituted to prevent the sale of these bonds,
from taxation.
Bonds
are
exempt
1 1936.
Jan.
Maturity
on the ground of certain irregularities, the City Council has
the
bonds bid for,
the
par
value
of
decided that it would be quicker and cheaper to hold a sec- Certified check for 2% of
correct
these
to
alleged
rather
than
conerrors
ond election
payable to the City Treasurer, required. George R. Hough is
test the suit. A new election, therefore, has been called for City Comptroller.
Jan. 2 1906.
The official notice of this bond offering will be found among
Everly, Iowa. Bond Sale. -This place has awarded at par
advertisements elsewhere in this Department.
the
to George M. Bechtel & Co. of Davenport an issue of $1,000
Denomination
bonds.
Keith
County, Neb.—Bond Sale.— On Dec. 18 $10,000 4%
fire-protection
$100.
6%
Fergus Falls, Minn.— Bond Sale.— The $20,000 4% coupon improvement bonds were awarded to the State School Fund
refunding electric-light bonds offered but not sold on Nov. of Nebraska at 102.
See
20 have been disposed of to the State of Minnesota.
Kirkwood, De Kalb County, Ga. Bond Offering. The
V. 81, p. 1450, for description of bonds.
official advertisement of the offering next month of $6,000
Fond Du Lac, Fond Da Lac County, Wis. Bond Election 5% gold school bonds differs somewhat from the data furProposed. The question of calling an election for the issuance nished us by the Mayor and published in V. 81, p. 1747.
Proposals for the above
of $25,000 school-building bonds is being considered by this We therefore repeat the offering.
—
—
—
—
—
—
—
THE CHRONICLE.
Dec. 30 L905
bonds addressed
to C. II. Lewis, Chairman Finance Committee, will be received until L2 m., Jan. 1. and
at
^::*0 p. in. Jan. 9 L906.
Securities arc dated Ja i.
1906.
Interest semi-annually at i\u- Fourth National Bank
lanta.
Maturity 11,000 on Jan.
1911,
on ,i. m
H)n>. 81, son on Jan.
1921, 11,000 on Jan.
1926 and
$1,500 on Jan. I 1931.
in
186
81, p. 1808, wereawarded to Jose, Parki
104.296. Following are thi
\
1
l
sumo
l
1
i
Bond
\-
S
lTti. under the caption of
-.
14 awarded at par to the -
stated
in
V.
I
K
10
i
Co., Bolton
Moose Jaw,' Sask.
Debenture
Bide.
Following are the
5
5
water
on Dec. is for the $30,000
ension debentui
i
and
Bl,
U
w.
to J.
Minnesota, t!ii> county <>n
Minnesota an issue of
'.ooo \'
court-house bonds.
These bonds, we are advised, are dated Dec. 14 1905.
Denominations two for
$5,000 each and thnv for S 10.000 each.
Interest annually
->.-,. 000 in
Maturity yearly on July
on Jnlv 1.
1<)'J()
$10,000 in each of the years 1921. 1922 and 1923 and s;, not)
p.
W0
104
E.C.Siai
1
Lake County, Minn.
&
i
ii
u
U
V
of R< gina al
j
,
week
105 6
'
,',
;'
,
"'"'
170 00
'
,
ni
null
30IH7
Ml
IIHIIIO
otml Prusi
Date of debentures Dec.
1905.
Denomination $1,000.
For further description of thit issue see \ 81, p. Hiss.
1
I
.
in 1924.
Cal. — Bond
Lincoln,
Placer
County,
Election.
The
trustees of this town have decided to hold an election to
vote on the question of issuing bonds for a sewerage system.
Lockport, N. Y.
Water Propositions Carried.- At an
election held Dec. 19 the City Council was authorized to
provide for a municipal water supply either by taking water
from the Niagara River unaltered, or else by pumping water
from the Tonawanda Creek into a reservoir for filtration.
Either plant, it is estimated, will cost about $500,000 and
bonds may be issued for the purpose to that amount.
Logansport, Ind. -Bond Sale. On Dec. 28 the S1SS,000
:C-><~; refunding coupon bonds described in V. 81, p. 1747,
were awarded To the First National Hank of Logansport for
S Un. 170 and interest.
—
Milford, Clermont and Hamilton Counties, Ohio. — Bond
Proposal- will be received until 12 M. Jan. 12
190(5 by H. G. Murphy, Village Clerk, for $694.55 6$
l-.Vyear (serial) pavement bonds.
Interest semi-annual.
Successful bidder to furnish blank bonds.
Mobile, Ala. Bonds Refused.
Local papers state that the
"
(
—
Offering.
—
—
30-year refunding bonds awarded last month
to Goldman, Sachs & Co. have been refused by that firm.
Montville, Conn.— Bond Sale.— On Dec. 23 the $30,000 4%
30-year coupon refunding, bonds dated Jan. 1 1906 and de-
$2,000,000 4
f
NEW
NEW
LOANS.
N.
J.,
GOLD BONDS.
Kansas
4°6
[EXEMPT FROM TAXATION
proposals will be received
by the Board
of
in
17. 1906. at 3 o'clock.
the City Hall on
P.M., when they will be publicly opened, for the whole
or any part of
•>d
Finance of Jerscv City
meeting to be held
their
at
JANUARY
$.'.00,000
REFUNDED ASSESSMENT BONDS
(Coupon Bonds)
Payable January
1906.
Interest January' and July.
Dated January
2.
1.
1936.
REFUNDED WATER BONDS.
$60,000
Dated January
2.
(Reentered Bonds)
Payable January
1906.
)
,
1936.
and July.
Interest January'
REFUNDED GENERAL BONDS.
$50,000
(Registered Bonds)
Payable January
Interest January and July.
d January
>,
following are be bid
D BuahACo. Indlanap
t
:
i
i
i
*\ ii.i
.v
Co.
Well, Roth A Co
AlhiTt kloyboltc
.
..
2. 190>.
1,
1936.
Bonds to be de
1, 1906.
in a sealed envelope
Proposals
tor Honds of Jersey city."
and endorsed "Pr
and handed to the Clerk of the Board of Finance, in
'neetln-'. whin called for ai said meeting to be
o'clock P.M.
January 17. 1006. at
:;
the Cltv Half.
„ _, ,_
,
Kara bid must be accompanied by a certified check
urer ol Jersey City for
Ity Tri
to the order of the
two (2) per cent of the par v lue ol the bonds t>id for.
Tedlted upon said bid
the amount ol said c
forthwith If not accepand to be retur
if accepted
r
'ied interest on bonds
ted, the purchaser
lying
to the day of delivery.
The Board reserve the rlnht to reject any or all
Ity.
bids if deemed for tl.
By order of the Board of
In
I
l
;
&
Co.,
<
Oklahoma
City, Okla.
the $225 ,000
1
—
r
'
.
discount.
—
—
NEW
FRANKLIN, VIRGINIA,
6%
H. .NEFF,
Kansas City. Missouri.
PEARSON,
Water
L.
DAY &
BAIv
CO.
JANUARY THE
1
.">
!
.
J.
NEW YORK
80 State
MKMBERS
NEW YORK
AJTD BOSTON
TATE.MDNICIPA1 AND
RAILROAD
AND
BONDS STOCK
-.'•.<
1GH GRADE
1
lltbogr
'
d.
,r
l
cbeai
ALBEBTB KIN6 4CQ
NO STOCKS
COHRFSPONDENCE SOLICITED
RITIK8.
Book
of
seal press $10:
t J 50 for .1 b
HIGH GRADE
ERTFICATES Municipal &
|
r
partly printed and
I
E
208lroadw»,v,N".Y.
YORK,
AND
Public
Service
Corporation
BONDS.
E. H.
ROLLINS & SONS.
BOSTON.
DeiiTer.
San Francisco.
Chicago.
R. A. Lancaster
&
Sons,
BANKERS,
WALL
STB.KKT,
NEW YORK,
DBALSRH
INVESTMENT
and
IN
MISCELLANEOUS
SECURITIES.
F.
R.
n SpeMalty.
FULTON & CO.,
Strest.
INVESTMENT BONDS
STOCK EJ:JHANC'K8.
l,
S.
MUNICIPAL
Northern Necarlllea
BJST0N,
CHICAGO,
Bank Blr)g.
1st Nat.
HAS.
Consulting Engineer.
BONDS.
8 Nassau Street,
85 Congress Street,
B08T0N.
KNIGH
it.
i
MUNICIPAL AND PUBLIC SERVICE
KER8,
Sewerage Bonds.
Franklin. Dec. 20th, 1905.
. ,,.,,
„,.be received
scaled bids will
until
1906, for Forty Thousand (140.000)
u iter
and sewerage bonds. Send sealed proposals to \\
Pace Recorder. All needed Information will be
furnished by the Committee upon application
The
Council reserves the riu'lit to rejeet any and all bids
(Signed)
C. C. VAUOH \.\.. Sr.
J. E. HOWELL.
Comptroller ot Kansas City, Mis$ouri.
Trowbridge & Niver Co.
&
22NP,
NO. 10
R.
LOANS.
§40,000
JAY
Comptroller.
\%%
Port Washington, Wis. Bond Offering.
Proposals will
be received until 3 p. m. Jan. 16 190G by Wm. A. Tholen,
LOANS.
GTJS
.
—
Park & Boulevard Improvement
Coupon Bonds.
ol
-
hloago
,
—
City, Missouri,
Mayor
<
& Mayer, Clncln jt'i
Bond Sale. -The $225,000 i%%
water 30-year bonds offered bul
sewer and
L
not sold On Dec. 16 were disposed of on Dee. 21 to Weil. Roth
& Co. of Cincinnati for $474,323 and accrued interest. See V.
81, p. 1688, for description of bonds.
Parkersburg, W. Va.—-Bond Election Next Fall.—We are
advised that the election to vote on the proposed issuance ol
bonds for water purposes, mention of which was mad< in Y
SI, p. 162(i, will not be held until next fall.
Pittsfield, Mass.
Temporary Loan. Thi city has borrowed 840,000 for one year from a Boston firm at
JANUARY
HOUGH.
Kean.
\
,84000 Seasongooa
'infill
Sealed proposals will be received by the undersigned,
the Mayor and the City Comptroller, of Kansas City,
Missouri, until
8, 1906, at 10 o'clock a. m..
for the purchase of all or any part of S150.000 four per
cent Park and Boulevard Improvement Coupon Bonds,
of the City of Kansas City, Missouri, bonds to be of the
denomination of Si. 000 each, to be dated January 1st,
Interest pay1904, and to mature January 1st. 1924.
able semi-annually.
Principal and Interest payable at
the office of the City Treasurer of Kansas City, Missouri, In Kansas City, Missouri, or at the Oriental Bank
In the City and State of New York, at' the option of
the holder.
The legality of the bonds will be approved by Messrs.
Dillon & Hubbard, ol New York, whose opinion as to
the legality, or duplicate thereof, will be delivered to
the purchaser or purchasers of said bonds.
Each bid must be made on a blank form furnished by
the City, and must be accompanied by a duly certllled
check on a National Bank dolus business in Kansas
City, Missouri, payable to the order of the City Comptroller of Kansas City, Missouri, for two per cent of the
par value of the bonds bid for. The right Is reserved to
reject any or al! bids.
Delivery of the bonds will be made on January 22,
1906, at eleven o'clock a. m. at the office of the City
Comptroller of Kansas City. In Kansas City, Missouri.
Bids will be received at the ofllce of the Mayor of Kansas City. Missouri, in the City Hall In said city, but no
bid will be entitled to consideration unless received by
or before the hour above set for receiving bids.
Printed circulars containing more definite and detailed
Information with reference to said bonds and blank
forms for bids can be had on application to the City
Comptroller of Kansas City. Missouri or to Messrs.
Dillon 4 Hubbard of New York.
.
r.C Day <tCo. L In<UaaapoUi.S37.88S 00
ei a Klser. iudlanap
27.808 00
Indianapolis 27.!
30 .i
Cincinnati
.in 50 a
§150,000
$410,000.
JERSEY CITY,
4*
Morgan County (P. O. Martinsville Ind. Bond Sale
On Dec. 22 an issue of $27,000 i'->\ Clay Township gravelroad bonds was awarded to E. I). Bush & Co. of Indfanapoli
27,608 and interest.
Denomination $676. Date V.\
ll 1905.
Intent May L5 and Nov. 15. Maturi
each six months from May L5 1906 to Nov. 15 L925 incluaivi
O ecurities
Municipal Bonds.
171
LA SALLE STREET.
CHICAGO.
K.iubll.ln-U 1N83.
H. C. Speer
&
Sons Co.
Corporation
Company First Nat Bank Hollaing, Chicago.
OF PITTSBURGH, PA.
CITY COUNTY
^ t^°'
Paid up Capital $300,000.00
AND TOWN8HIP
BONDS
THE CHRONICLE.
1868
City Clerk, for $75,000 4% coupon water-works and electricDenomination
lighting-works bonds. Date March 1 1906.
Interest semi-annual. Maturity on March 1 as fol$1,000.
lows: $1,000 yearly from 1907 to 1911 inclusive; $3,000 yearly
from 1912 to 1916 inclusive; $4,000 yearly from 1917 to 1921
inclusive, and $7,000 yearly from 1922 to 1926 inclusive.
Saginaw, Mich.— Bond Sales.—The following bonds, the
which has not yet been recorded in these columns,
have been disposed of by this city:
sale of
$25,000
5.000
4,000
3H%
10,000
314%
light
Bond
Sale.
3,000
for $120,000
bonds.
—
$25,000
Sired
Bunds.
Weil. Roth & Co., Cincinnati
$25,303 00
American Banking Co., Sandusky
25,137 50
Lamprecht Bros. & Co. Cleveland
25,281 25
Atlas National Bank. Cincinnati
25,250 00
Hoehler & Cummings, Toledo
25,217 50
Security Savings Bk.&Tr.Co., Toledo. 25,210 00
W.J. Hayes & Sons. Cleveland
25, 1 98 00
W. R. Todd &Co., Cincinnati
25,11'S 00
New First Nat. Bank, Columbus
25,125 00
Citizens' Banking Co., Sandusky
25,108 00
Hayden, Miller & Co., Cleveland
25,070 50
Denison, Prior & Co.. Cleveland&Bos_ 25,016 00
Toledo Fire & Marine Ins. Co., Sandusky
F L Fuller & Co .. Cleveland
Third Nat. Exeh. Bank, Sandusky
—
.
Alabama
Class
C bonds
1906, be paid
135 Broadway,
.
of
America
Land-Title Bloo.
PUBLIC SERVICE CORPORATION
&
Alabama.
Specialists
in
New
Jersev Securities.
MUNICIPAL, RAILROAD and
BONDS.
27-29 PINE STREET, NEW
YOKE.
Time Deposits
INVESTMENT BONDS.
New York and Philadelphia
Stock Exchanges.
Private Wires to
N. Y. & Philadelphia.
757-?5« Broad
St.,
NEWARK.
MUNICIPAL AND RAILROAD
Street,
BOf^DS.
BOSTON.
LIST
Lists Upon Request.
Correspondence Solicited.
denison, prior&co.
BOSTON MASS., & CLEVELAND,
ON APPLICATION.
3EAS0NG00D & MATES,
POTTER,
MUNICIPAL and owmw.
e
CORPORATION RnMn
mercantile Library Building,
B.
172 Washington Street,
CJHICAtiO,
I»
BANKERS,
Burr,
INVESTMENT BONDS.
T
S54.054 00-
interest Paid on Daily and
i-.embers of
60 State
-for all
STREET RAILWAY
EiSELE & KING,
Perry, Coffin
5.021 00
-lor all §54,205 00-
DSAiSSS
AND
D. JELKS.
of
00
00
50
50
BANKERS,
Philadelphia.
Detroit.
Treasurer.
Governor
5.002
5,020
5,007
5,015
Rudolph Kleybolte&Co.
New York City.
J. CRAIG SMITH.
WM.
5,025 00
"5, 007" 50
^VESTMENTS.
MUNICIPAL
by the Trust Co.
Bonds.
S5.006 00
5,026 50
5.001 50
&
Penobscot Bldq.,
THE FIRST OF
.
Bonds.
$24,290 00
24,132 00
24,270 00
24,240 00
24,148 50
24,200 00
24,190 00
24,125 00
24,120 00
24,100 00
24,007 80
24,015 00
2%
K0B1E & COMPANY,
Bonds.
$5,000
Wash Row
First Strict
Santa Monica City School District, Los Angeles County,
Cal.
Bonds Re-awarded.— Local papers state that the $60,000
gold bonds awarded on Nov. 7 to N. W. Halsey & Co.
43/
of San Francisco and subseo^ently refused by that firm (see
V. 81, p. 1809), have been re-awarded to E. H. Rollins
Sons of San Francisco, the second bidder at the sale on Nov. 7.
INVESTMENTS.
STATE OF ALABAMA,,
$24,000
Camp
Robertson County, Tex. Bonds Registered and Sold. On
Dec. 20 the State Comptroller registered $10,000 4% road
and bridge bonds dated Nov. 25 1905. These bonds were
purchased on the same day by the State Board of Education
Securities mature one-fortieth yearly,
at par and interest.
unpaid bonds being subject to call after ten years.
JANUARY,
20-40-year (optional) district-improvement
bonds Jan. 5 1906. Interesl semi-annually
City Treasurer. Cash dc posit of 2% of amount bid
of
Sandusky, Ohio. Bond Sale. Following are the bids received on Dec. 18 for the three issues of 4% paving bonds,
aggregating $54,000, a description of which was given in
V. 81, p. 1573:
1906.
Interest semi-annually at the office of the City
Maturity Jan. 1 1936. Each bid must be made
Treasurer.
on a blank form furnished by the city and must be accompanied by a certified check for 1% of the par value of the
bonds bid for. The bonds will be certified to as to genuineness by the United States Mortgage & Trust Co. of New York
City, where said bonds will be delivered to purchaser or
purchasers on Feb. 1 1906.
will, after
5%
Date
at office of
4%
W.
Dis-
Dec.
re qui re d.
coupon sewer-improvement and $25,000 4% coupon fireimprovement bonds. Denomination $1,000. Date Jan. 1
C
314%
Dis-
—
—
H.
•,-<
Dis-
San Antonio, Tex. Bond Offering. Proposals will be re;t. m. Jan. 15 1906 by Bryan Callaghan, Mayor,
Roanoke, Va. Bond Offering. Proposals will be received
until 12 m., Jan. 10 1906, by W. E. Thomas, City Clerk,
coupon street-improvement, $100,000
for $275,000
BOND CALL.
Date
ceived until 10
,
Class
Maturity Dec. 1 1920.
1 1905.
water bonds, Eastern Taxing District. Denomination $1 000.
Dec. 1 1905. Maturity Dec. 1 l'j<
1-10-year (serial; street-improvement bonds. Western Taxing
trict.
Denomination S400. Date Dec. :, 1905.
1-10-year (serial) street-Improvement bonds Eastern Taxing
trict.
Denomination $1,000. Date Dec. 5 I'M,:,.
1-10-year (serial) street-improvement bonds. Eastern Taxing
trict.
Denomination $400. Date Dec. 5 190.",
5-year park-improvement bonds. Denomination $500. Date
15 1905.
the $3,000 5% bridge-repair bonds mentioned in V. 81, p.
1 395 have been sold to the County School Fund
OND CALLS.
Date Dec.
Interest will be payable semi-annually.
— We are advised that
4%
%
4,000 3'A
—
Red River County, Tex.
4%
f,
bonds authorized at the election held Now 21
were awarded to J. M. Holmes of Chicago at 102. Bids were
also received from C. H. Coffin of Chicago, S. A. Kean of
Chicago, MacDonald, McCoy & Co. of Chicago, Kane & Co.
Deof Minneapolis'and Albert C. Case of New York City.
nomination $500. Date Dec. 5 1905. Interest annual.
Maturity Dec. 5 1925, subject to call after Dec. 5 1910.
Red Oak, Iowa. Bond Sale. This city has sold an issue
of $10,000 4% 10-20-year (optional) refunding bonds to
O'Connor & Kahler of New York City.
A%
3>A% bridge bonds. Denomination $1,000. Dale Sept. 25 1905. Maturity Sept. 25 1925.
314% water bonds. Western Paving District. Denomination $1000.
5,000
Randolph, Neb.— Bond Sale.— On Dec. 22 the $9,000
5l
[Vol. lxxxi
CINCINNATI.
VICKERS
<fc
New
York.
BROI BBS IN INVESTMENT
SECTTBITnw.
ILLS.
THE SOUTH.
Investment
Business
Opportunities,
Securities, Real Estate, Timber, Mines,
PHELPS,
29 Wall Street
O.
industrial Properties, Farm or Town
Mortgages in all parts of the South.
METROPOLITAN INVESTMENT
GEO.
B.
CO..
EDWARDS. President, Charleston. 8.C.
Commercial and
6n tu
all
FinftDotal A«rt. Business nnderti::partH of the wprld. SetlsfaW-orv roferecc t.
list os application.
Whiting Papers
MacDonald, McOoy
MUNICIPAL AND
&
ENGINEERS.
Co,,
H. M.
CORPORATION
BONDS.
171
La
ENGINEERS.
6c
Co
For Fine Correspondence
,
BANKERS,
16
3«
Congress
Street,
& Co.,
INCORPORATED.
Salle Street, Chicago.
Blodget, Merritt
Byllesby
DESIGN, CONSTRUCT AND OPERAT:
RAILWAY LIGHT, POWER,
for General Business Uses are
made in Ledger, Bond.
Linen and Fine Writing in variety.
and
HYDRAULIC AND
standard,
Boston.
NASSAU STREET, NEW YORK..
WHITING PAPER CO.
Mew
STATV. fJTf & BAlIiROAl) BONDS.
York. Philadelphia. Chicago.
MilUi Hclyoke. Moss.
GAS PLANTS.
Examinations and Reports.
171
I.
A SALLE
ST.,
CHICAGO.
— ——
Dec. oU
—
THE CHRONICLE.
1905.J
Shelby County (P. O. Sidney), Ohio.
Bond
Offering.
be received until 12 m. Jan. 12 1906, at the
office of J. C. Rosser, County Auditor, for, 16,000 f
ditohimprovemenl bonds. Authority Sections NT to 1482, inclusive, of the Revised Statutes of Ohio and amendments
Date Jan. 1 1906.
thereto.
Denominations: four bonds of
$450 each, four bonds of $350 each, two bonds of H75 each,
nine bonds of Slot) each and eleven bonds of 1100 each.
Interest semi-annually at the Treasurer's office.
.Maturity
Proposals
—
— —
—
will
j
1
.'
|S(I!)
Vernon Centre, Minn. Bond Election.- We are ad
that an election will be held Jan. 2 1906 to vote on the question of laaiijng $5,000 water-works bonds.
Wadena, Minn. Bond Sale. The $16,000 r, funding
bonds awarded on Dec.
to the State Board of n vest men
(see item under caption Minnesota In V. 81, p.
7 17
answer
Denominations, tWO bonds
to the following description:
Date Dec. II
for $1,000 each and one bond for $14,000.
1905.
Interest annually on July 1
Maturity $1,000 July
1010 and M 1.000 July
1918, $1,000 July
1920
White Plains, N. Y. Bond Sale. On Dec 27 the $99,000
r, io-year tax bonds dated Dec.
1905, a description of
which was given in V SI, p. 17 10, were awarded to \V J.
Hayes & Sons of Cleveland al 104.17. Following are the bids:
W.J Hayei Aisons. Cleveland 104 ir H.L. Crawford 4
Vork
I
I
1
I
1
1
l
.
follows:
as
July
1
Jan
1
A
$1,425 OOlJuly
1.200 OOlJan.
UKHi
1907
1
1
$1.425 00 July
1.200 IX) Jan.
1907
1908
i
deposit of S200 in currency required.
l
1
1908
Si.-.o
no
I
—/
Bidi
.
Following are the bids received for the 19,000
(serial)
judgment funding bonds awarded. as stated last week, to
W. .1. Bayes A Sons of Cleveland:
W. J. liavi'.s A- Sons, Cleveland
W. 11. Vloory, Lookport (tor
i
(tor
$>J.017 10
la)
Now York
(for
-.
.
|
.9.044 10
O00 00
r ->
Farmers A Mechanics' Savings
Bank, Lockport (for 4
'.00000
South Bend (Ind.^ School Citv. —Bond
I
I
Somerset (Town), Niagara County, N. Y.
Goo. M. llalm.
1
On
Dec. 29
t-10-year (s rial) school bonds dated Jan.
the $40,000 r
1906 and described in V. 81, p. 1809, were awarded to Rudolph KKybolte & Co. of Cincinnati at 102.40.
South Omaha, Neb. Bond Sale. On Dee. 18 an issue of
870,000 i}-2 c
6-20-year (optional) city-hall bonds was
awarded to Spitzer & Co. of Toledo at 101.54. Date May
11)05. Interest semi-annual.
Sale.
1
,
'c
1
—
Statesville, N. C.
Bonds Not to Be leaned at Present.
This city has voted to issue 810.000 graded-school and 820.000 sewer and lighl .V
These bonds, we
30-year bonds.
are advised, will not be issued before the coming spring.
Utica, Mich. Bond Sale.
This village some weeks ago
awarded at par to Spitzer & Co. of Toledo an issue of $20,000
5^ 30-year water bonds dated Nov. 1 1905. Denomination
$1,000." Date Nov. 1 1905.
Interest annual.
Valley Mills (Tex.) Independent School District. Bond
Sale— On Dec. 11 the $8,000 .v; 10-40-year (optional) coupon school-building bonds dated Nov. 1 190") and described in V. 81, p. 1628, were awarded to J. B. Oldham of
Dallas at 100.0625 and accrued interest.
,
—
.
i>>
•">'
,
,
'
mature in L'O years, subject to call after 5 years.
Yonkers, N. Y. Bond Bide. The following bids were received on Dec. 21 for the 875.000 -\'[ L'O-year water bonds
awarded, as stated last week, to Denning & Magoffin of New
York City.
Securities
I
—
V
A- Magoffin, Now Vork. .100.25
W. Batoey A: CO.. Nov. Vork. 105 377
Rboadea A Co., Now Vork
105. 591 Blake Bros. ,v Co., Now Vork .
W. J. Hayes .v Sons, CloveltuHl.. 105.51 Qeo. M M .In, Now V,,rk
.103.29
Dcnnln!!
.
I
.
For description of securities see V. 81, p. 1811.
Bond Bide
Following are the lads
ed on Dec. 26 for the three issues of S% bonds, aggre-
Youngstown, Ohio.
.
gating $4,680, described in V. 81, p. 1750
W. J
.
& Sons,
H.i yes
Cleveland
&
CO.
New
43-49 Exchange Place,
CO.,
York.
and Reports on Electric
(las,
Electric Li^ht, and
Power Transmission Property
•
-
for Financial Institutions
and Investors.
Electric Bailways, Electric Light
and Electric
Power Plants Financed, Designed and BuiU.
LONDON CORRESPONDENT.
J. «.
WHITE
.
CO., Limited,
22a College Hill, Cannon St.
of
A:
CANADIAN CORRESPONDENTS:
CANADIAN WHITE
WILSON
Chicago Offices:
Marquette Building.
Offices:
802 50
WHITE &
Investigations
EXAMINATION OF BANKS
52 Broadway.
:
*
$1,395:00
1.392 07
1.305.00
l'.^iii ;:i
2,610 00
Railway,
that in addition to their present organization
they have established a fuEIy equipped
department for the
New York
bond*.
.
Engineers, Contractors,
Announce
(Formerly Assistant National Bank Examiner
..
.
G.
C. P. A.
CERTIFIED PUBLIC ACCOUNTANTS
F.
SI. 3-15
SidODOlk
treet
ENGINEERS.
WILKINSON, RECKITT, WILLIAMS
JOHN
M00
Sewer Bonis
Award was postponed.
J.
Under the management
$2,7:i'>
cti/i street
0OIU
S2.836 00
Mahoning National Bank, Youngstown
DeniMn, Prior A Co., clove, and Uostun
ERNEST RECRITT,
C. P. A.
—
.
MISCELLANEOUS.
GEORGE WILKINSON,
i
W. Harrta &Co., Ney Vork 104.048
Winside, Wayne County, Neb. Bond* \'<>t Yet Sold.
No
sale has yet been made of the $10,000
5-20-year (optional) water bonds offered without success on .July 22 10
See V. si p. 230, for description of bonds.
Yakima County (P. O. North Yakima), Wash.—/.
Voted -Bond Offering. -This county on Dec. 12 by a vote of
ssi). ooo court-house
1,225 to 245 authorized the i--uan.
Proposals for these bonds will be received
and jail bomb.
until 10 a.m. on Feb. 5 1906 by Lee Tittle. County Treasurer.
N.
CO., Limited,
Montreal.
at
Chicago.)
Principal Philippine Office, Manila, P,
I.
Philadelphia Offices:
Stephen Glrard Building.
The American Mfg. Co.
MANILA SISAL
FTT
chronicle
F COVFRS
may
be had for holding the Ciibonk le and
In -:x different otylea as bel
>v,
Bl
New
Street,
:
MUNICIPAL AMI
PUBLIC FRANCHISE CORPORATION
BONDS
IIiiul hi anil •nl
Cover
W.
J.
Covers, 50 Cents.
WILLIAM
76 * PINE
1
13.
for
1..
HAYES & SONS,
BOSTON, HAM.
ILBVSLAMO, OHIO.
Charge
York.
iti.kmknts
CHRONICLE AND t.LL SUPPLEMENTS (dx months' issues) Black Cover.
SUH-LEMENTS ONLY isix months' issues) Red Civer.
RAILWAY & INDUSTRIAL SUPPLEMENT (year's Usuest Granite Cover.
STREET RAILWAY SUPPLEMENT year's issues; Green Cover.
STATE & CITY SUPPLEMENT lyear's htues Terra Cotta Cover.
BANK. & QUOTATION SUPPLEMENT lyear'i isiuesi Yellow
Price for Fiie
JUTE
CORDAGE.
65 Wall
Btrlog ri> covore
AN'D
Postage, 18 Cerrs.
Binding Volumes, SI 40.
I>^:VA. OO., Publishers.
STREET, CORNER PEARL STREET
NEW YORK-
MERKEL
OTTO JULIUS
IIKIIHKIC
4
1
ASO IV, WALL *T WKV»
OltH
INVESTMENT SECURITIES.
.
>
lnrilcd
THE CHB
1870
[Vol. lxxxi.
Vtaauctal.
IrinatiJCial
Ga t a
a nd
s^ r puu s
OPKK.1 OF THE
$10,000,000
guarantee ATLANTIC MUTUAL INSURANCE COMPANY.
andTRUST COMPANY
Title
146 Broadway, New York.
175 Remsen Street, Brooklyn.
M'l'rs Branch, 198 Montague St., Br'kiyn.
JCxdmines & guarantees ileal Estate Titles.
Loans Money on Jiond and Mortgage.
Furnishes Mortgages to Investors.
Receives Deposits subject lo cheek, allowing
Interest,
l>oes all trust
Company
business.
FINANCE COMMITTEE:
In Charge of
Interests.
o UK, Chairman.
Biinl'.tiisr
ALEXANDERE.
EDWARD T. BKDFORD.
CLARENCE H. KEi-MCY.
EDGAR L. MARSTO-N.
!-
EDWARD O. STANLEY.
H.
Total Marine Premiums
$3.63°. 94 92
Premiums marked
KELMEY,
President.
FRANK BAILEY, Vice-President.
EDWARD Manager
O. STANLEY,
Vice-President.
Banking
Interest reoel ved during the year
"
"
Rent
"
less Taxes
Lo sses pai d during the y oar which were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904
$318,124 29
771,957 98
J.
RURDICK,3d Vice-Pres.
CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
Premium Notes and
Cash
$142,418 20
84,094 99
226,513 19
863. 5e9 08
Bank and other
Exohange
in the
Bills
$5,243,600 52
1,417,543 97
Securities
Place...
$4,289,000
75,000
4,364,000 00
Receivable
hands of .European Bankers to pay losses under
1,020,087 28
policies
payable in
foreign countries
Cash
in
241,710 47
351,301 69
Bank
D.
Aggregating
to
of
A tlantic Mutual Insurance Company Scrip
ol All Years Bought and Sold.
JOHN M. GILLESPIE,
$12,638,243 93
A dividend of Six per cent interest on the outstanding certificates of Droflts will be paid
the holders thereof, or their legal representatives, on and after Tuesday, the seventh
February
next.
The outstanding
certificates of the issue of 1 899 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the seventh of February
next, from which date all interest thereon will cease. The certificates to be produced at
the time of payment, and canceled.
dividend of Forty per cent is deolared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, oertitioatee will be issued
on and alter Tuesday, the second of
By order of the Board,
next.
A
May,
ISoom No. 518 Atlantic Building,
*M1
31st.
Other Real Estate and Claims due the Company
SN1FFEN, Mgr. Mntrs' Branch.
L.
Ja uary, 1904, to
Assets, viz.:
United Slates and State of New York stock; City,
Special deposits In Banks and Trust Companies
Seal Estate oorner Wall and William Streets and
WRAY
FRANK
1st
$1,090,082 27
'-id
Department.
CLINTON
from
December, 1904
$3,016,978 35
$275,926 58
107,148 14
$383,074 72
of!
The Company has the following
JAMES BEYER.
CLARENCE
#2,900,343 08
724,151 84
Returns of Premiums and Expenses, $405,721 91
SCHIFF.
H.
Premiums on Marine Risks from 1st January, 1904, to 31st Decern ner, 1904.
Premiums on Policies not marked off 1st January, 1904
Less Salvages
Re-insnranoes
WILLIAM H. NICHOLS.
JAMkS H. OLIPiiANT.
CHARLES A. PKABODY
JACOB
New York, J snuary 20th, 1905.
The Trustees, in Oon/ormi'y with the Charter of the Company, submit the fo: twiixa statement of
its affairs on the jrst of December, 1004;
CLEMENT A. GRISCO&,
ANSON W. HARD,
MORRIS K. JESUP
THEODORE P. JOHNSON.
Secretary.
HERBERT
L.
NICHOLAS F. PALMER,
HENRY PARISH,
FREDERIC A. PARSONS.
DALLAS B. PRATT,
GEORGE W. QUINTAKD,
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB.
WILLIAM C. STURGES.
LEWIS CASS LEDYARD,
FRANCIS H. LEQGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL.
CORNELIUS ELDBRT,
EWALD FLEITMANN,
MONTGOMERY
STANTON FLOYD-JONES,
TRUSTEES.
GCSTAV AMSINCK.
FRANCIS M. BACON,
JOHN N. BKACH,
WILLIAM B. BOULTON
VERNON H. BROWN,
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C, CLARK,
LYBRAND,
ROSS BROS &
Certified
G.
NEW YORK.
Wall Street.
W. H. H. MOORE,
GRIGGS.
Public Accountants*
RAVEN, President.
CORNELIUS ELDERT, Vice-Pres't.
THEO. P. JOHNSON, ad Vice-Pres't.
(Pennsylvania)
JAS. L. LIVLN&3TON,.jd Yice-Pret'
A. A.
Stephen Gtrard Building,
PHILADELPHIA.
Wall Street Exchange Building,
NEW ¥OKK.
WM. FRANKLIN HALL
Baker-Vawter Company,
Accountant,
PUBLIC ACCOUNTANTS,
(Exchange Building
BOSTON, MASS.
53 State Street
Books audited. Examinations and investigations conducted with the utmost
care and efficiency.
KERR,
J. C.
CERTIFIED PUBLIC
AUDITORS,
DEVISERS OF BUSINESS SYSTEMS.
We
do
ACCOUNTANT
WASHINGTON LIFE BUILDING,
141 BROADWAY,
TELEPHONE
Firm
of
6942
W
Only the Regular Corps ot Bonded Accountants Officiates,
Not Send Outside Men to Clients Under Anv Circumstances.
CORTLANDT.
NEW
Yt IK.
Tribune Building,
350 Broadway,
CHICAGO.
NEW YORK.
F.WEISS,
CERTIFIED PUBLIC ACCOUNTANTS
128 Broadway, New York.
TELEPHONE-8768-OT59 CORTLANDT.
1,00MIS,G0NANT&00.
CERTIFIED PUBLIC ACCOUNTANTS
30 Broa<l Street New York.
Tel, 4958 Broad.
ROSE & CO.,
ALFRED
CERTIFIED PUBLIC ACCOUNTANTS
(New York and
56 Pine
Street,
Illinois.),
NEW YORK.
ONE PIECE OF PAPER GOOD THE WORLD OVER
,
Are You a
Money Order
Bank ?
Tel. 42fll John.
S434
LnSalle Street, Chicago.
flexible
medium of exchange in
make to the public
charges you
use.
All
are your
own profit.
WRITE BOB PARTICULARS TO THE
JAMES PAEK &
CO.,
CERTIFIED PUBLIC ACCOUNTANTS
52 Broadway, New York,
The standard uniform Money Order of the
Bankers' Money Order Association is now a
familiar feature of American banking. This
is the only system at the service of banks
absolutely Free of Charge. Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
North Africa and Australia. The most
BANKERS' MONEY ORDER ASSOCIATION,
Bank
ot
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313-310 Went 59th
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