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GENERAL LIBRARY}
UNIV. OF
Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Bankers* Convention Section
Copyrighted in 1910, by William B. Dana COMPANY, New York.
VOL. 91.
NEW
THE FARMERS’ LOAN & TRUST
Harvey Fisk & Sons
COMPANY
NEW
••
Government,
as
Railroad
and
NATIONAL
BANK
OF NEW YORK
218 La Salle St.
BOSTON, MASS., represented by
JOHN B. MOULTON. $5 Congress St.
by Railroad and other Corporations, and
Transfer Agent and Registrar of Stocks
as
-
16-22 WILLIAM STREET
47$ FIFTH AVENUE
NEW YORK
LONDON
LIBERTY
PHILADELPHIA, represented by
JAMES H. CHAPMAN. 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
Trustee under Mortgages made
and Bonds.
Reoelves deposits upon Certificates of
Deposit, or subject to check, and allows
Interest on dally balances.
Manages Real Estate and lends money
sn bond and mortgage.
Will act as Agent In the transaction of
any approved financial business.
Depositary tor Legal Reserves of State
Banks and also for moneys of the City of
New York.
Fiscal Agent for States. Counties and
Oltles.
THE
INVESTMENT SECURITIES
Trustee. Guardian, Reoeiver, and In all
ether fiduciary capacities.
Acts
NO. 2375.
YORK
Municipal Bonds
The Company Is a legal depositary tot
moneys paid Into Court, and Is author¬
ised to act as Executor, Administrator.
City Section
second class mail matter.
gtaxttctxl.
BANKERS
out the world
State and
as
YORK, DECEMBER 31 1910.
gittattcial.
Foreign Exchange, Cable Transfers,
Letters of Credit, Payable through¬
Electric Railway Section
Entered at N. Y. Post Office
ghumciai.
MICH^
PARIS
Members of Rlohmond and Baltimore Stook
The National Park Bank
of New York
IS* BROADWAY
N. W. HARRIS ft CO
BANKERS
Organised 1856.
Capital......
$5,000,000 00
Surplus and Profits ..... 12,550,168 20
Deposits Nov. 10,1910 . . . 99,481,680 31
...
RICHARD DEL AFIELD.
President.
GILBERT G. THORNE.
JOHN O. MoKEON.
Vice-President.
Vice-President.
JOHN C. VAN CLEAF.
Vice-President.
Pine Street, Comer William
NEW YORK
85 Federal
St.. Boston
Reoelve deposits subject to cheek
allow
interest on balances.
Act as fiscal agents for munleft-
and
palltles
letters
and
of
Issus
corporations.
credit
and
deal
hi
MAURICE H. EWER.
Cashier.
WILLIAM O. JONES.
WILLIAM A. MAIN}
Asst. Cashier.
Asst. Cashier.
FRED’K O. FOXCROFT, Asst. Cashier.
BONDS FOR INVESTMENT
THE
Edward B. Smith ft Co.
MECHANICS AND METALS
BANKERS
LIST ON APPLICATION
Exchanges.
John L. Williams & Sons
BANKERS
Comer 9th and Main Streets
RICHMOND, VA.
Baltimore
Correspondents:
MIDDENDORF. WILLIAMS ft CO.
NATIONAL BANK
83 Wall Street
GARFIELD NATIONAL BANK
Fifth Avenue Building
Corner 8th Ave. andlSSrd St.. New York.
Capital, $ 1,000,900
INVESTMENT
SECURITIES
Members New York and Phlla. Stook
N. B. Cor. Broad ft Chestnut Sts..
Capital,
Surplus,
$6,000,000
6|000«000
....
Surplus. 11,000,090
ftUEL W. POOR, President
JAMES MoCUTCHEON. Vlce-Pres.
WILLIAM L. DOUGLASS. Cashier
ARTHUR W. SNOW. Asst. Cashier
Bxohaaas
PhHaMphls
27 Pine Street. New York
ORDINAL CHARTER 1829
THE
Chase National Bank
Clearing House BuUdlng
Cap. ft Surp.. $12,706,779
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
Dep.. $96,750,278
A. B.
A.
HEPBURN. President
H. Witrin, V.-Pres. C. C. Slade. Asst. Cash,
i. H. Miller, V-Pres.
E. A. Lee. Asst. Cashier.
■ M. Conkey. Cashier. W. E. Purdy. Asst. Cash.
A. C. Andrews. Asst. Cashier.
OF RAILROAD. GAS AND ELECTRIC
LIGHT AND POWER COMPANIES
OF THE CITY OF NEW YORK
.
10H11 SOUTH FOURTH STREET
PHILADELPHIA
THE
NATIONAL
-CORNER NASSAU AND PINE
STREETS— IS
SAMUEL WOOLVERTON, President
ADRIAN ISELIN JR.. Vloe-Presldent
BANK
OF THE CITY OF NEW YORK
ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS.
OFFICERS
EQUIPMENT OF THE
FOURTH
.... $1,000,000
Capital
Surplus and Profits (tamed)
8,460^090
First National Bank
of
GEORGE E. LEWIS. Cashier
HOWELL T. MANSON, Asst. Cashier
Philadelphia
315 CHESTNUT
STREET
DIRECTORS
Adrian Iselin Jr.
Chas. A. Peabody
Frederic W. Stevens
Samuel Woolveiton
Charles H. Tweed
Thomas Denny
Alexander H. Stevens
ACCOUNTS
INVITED
W. Emlen Roosevelt
[VOL. LXXXXi.
THE CHRONICLE
n
Uanluvs and gvawtx* of Eoxttgn
J. P. MORGAN & CO.
Maitland, Coppell & Co., Kidder, Peabody & Co.,
OOMBSTIC AND FOREIQN BANKERS
Walt Street Corner of Broad
NEW YORK
NEW YORK
*
Orders executed for
Act
as
issue
Corner of 6th and Chestnut Streets
■ORGAN, GRENFELL & CO, LONDON
HARJEST
&
CO-, PARIS
Deposits reoelved subject to Draft
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange. Commercial Credits
agents of Corporations
Exchange, Telegraphic Tranefere,
Letter* af Credit
Bids #/
& Co.,
BOSTON.
NEW YORK.
59 Wall Street
4LEX. BROWN & SONS, BALTIMORE.
Connected by Private Wire.
Buy and sell first-class In-
& Smiths Bank. Limited,
London,
Messrs. Mallet Freres A Cie., Paris.
Union
.
CERTIFICATES OF DEPOSIT.
Buy and sell Bills of Exchange
and make cable transfers on all
points. Issue Commercial and
Travelers’ Credits, available In
__
LCllCiS
, •
0
I
aii parts
of the world.
BROWN, SHIPLEY . CO., LONDON
BARING
TRAVELERS’ LETTERS OF CREDIT
Available throughout the United
States
J. & W.
Agents and Correspondents of
Messrs. ROTHSCHILD.
LTD
YORK
Buy and Sell Investment Securities
Letters of Credit for Travolors.
Available in all Parts of the World
Issue
the
London, Paris and Vienna.
DRAW BILLS OF EXCHANGE AND MAX*
ISSUE LETTERS OF CREDIT
TELEGRAPHIC TRANSFERS OF MONEY TO
for Travelers
EUROPE AND CALIFORNIA
Available in all parts of the world.
Draw Bills of Exchange and make Teiegraphio
Transfers to EUROPE, Cuba, and the
other West Indies, Mexico and California.
Execute
orders for
the
purchase and sale of
Bonds and Stocks.
Seligman Brothere, London
Seligman Freree & Cie., Faria
Aleberg, Goldberg & Ce.% Amsterdam
The Angle and London-Parle Natienm
Bank of San Franeieeo, Cal.
Graham, Vaughan & Co.,
44 Pine Street. New York.
Redmond &€o.
INVESTMENT SECURITIES
27 Pine Street, New York
00.
Seligman & Co.,
NEW
BANKERS.
No. 83 NASSAU STREET.
Members New York Stook Exchange.
ft
BANKERS
BANKERS
TAILER&©
BROTHERS
LONDON
August Belmont & Co.,
OCCllTltlCS
_
Correspondents o!
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
_
vestmeat Securities on com- I nupctm pnf
mission.
Reoelve accounts All V
of Banks, Bankers, Corporatlons. Firms and Individuals
on favorable terms.
Collect
drafts drawn abroad on all points In the United
States and Canada; and drafts drawn In the United
States oh foreign countries, including South Africa.
INTERNATIONAL CHEQUES.
T
LETTERS OF CREDIT
London
of
Stock Exch’s.
Memo N. Y., Phlla., Boston & Balt.
INVESTMENT SECURITIES.
FOREION EXCHANGE.
And.lts Branches.
*
STREET, NEW YORK
BANKERS
and negotiate and
Banco Nacional de Mexico
Cable Transfers
otrouiar Litters for Travelers available In all parts
of the world
PHILA.
all Investment Securities.
on
81 Boulevard Hauscmann
Brown Brothers
56 WALL
Loans.
No, 22 Old Broad Street
MORGAN,
115 DEVONSHIRE STREET. BOSTON
62 WILLIAM STREET
PHILADELPHIA
DR1XEL A CO,
gxclxxugt;
BANKERS
81-3S Pine
Street, New York
024 Fifth Ave.. N. Y.
MEMBERS NEW YORK STOCK EXCHANGE
•07 Chestnut Street. Philadelphia.
BANKERS
Lawrence Turnure & Co.
SECURITIES
64-66 Wall Street, New York
Deposits received subject to draft.
t
Members of the New York Stock
Exchange
Winslow, Lanier & Co.,
Cable§ “Mimoea.”
of Credit and Travelers’ Cheques:
available the world over.
Letters
Bankers
INVESTMENT
Interest al¬
lowed on deposits.
Securities bought and sold on
commission. Travelers’ credits, available through¬
out the United States, Cuba, Puerto Rico, Mexloo,
Central Amerloa and Spain. Make collections In and
Issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank.
Limited.
Paris Bankers:—Heine & Co.
**
Bills of Exchange and Cable
Deposits
reoelved
subject to
TtauCses.
cheque
ao4
Interest allowed on deposits.
Members New York Stook Exohange.
Securities bought and sold on oommlssfoo
Act as Fiscal Agents.
Dealers In High-Grade Investment
Securttte*
Lists upon appUoatlon.
59 CEDAR STREET
NEW YORK
'
NEW YORK
Produce
BANKERS
Exchange Bank
BROADWAY. Corner BEAVER ST.
o«hi1m Received Subject to
Allowed on
Deposits.
Bought and Sold
Commission.
Draft.
Interest
Securities
on
Capital
Surplus earned
Foreign
Foreign Exchange, Letters of Credit
Kean, Taylor & Co.
Exchange
-
-
-
-
$1,000,000
500,000
bought and
sold.
BANKERS
Cable
Transfers.
Commercial and Travelers’ Letters of
Credit available in all parts of the world.
435 Chestnut Street
ACCOUNTS INVITED
PHILADELPHIA
HEIDELBACH, ICKELHEIMER & CO.
BANKERS.
Government
Securities
and Municipal Bondi.
of Railroads,
Street
Railways and Gas companies
of established value.
ST William Street.
BANKERS
Graham & Co.
MEMBERS N. Y. STOCK EXCHANGE.
30
PINE STREET, NEW YOQK.
Transact
a
General Foreign and Domestic
Banking Business
Dealen in Investment Securities
John Munroe & Co.,
mmw
FORK
BOSTON
Letters of Credit for Travelers
Oemmerctal Credits.
Foreign Exchange.
Cable Transfers.
L_
MONROE & 00., Pari*
Execute orders for purchase and
Shocks and Bonds.
sale of
Foreign Exchange Bought and Sold.
Act as Financial Agsuts
Issue Foreign and Domestic Letters of
Credit and Travelers’ Cheques
Issue Commercial and Travelers1 Credits
available in all parte of the world.
Schulz & Ruckgaber,
BANKERS.
IS William Street,
Members New
New York
Exchange.
Knauth, Nachod&Kiihne
BANKERS
....
York
Stock
Correspondents of Messrs.
FruhUng & Goschen, London.
John Berenberg-Gossler & Co., Hamburg.
Marcuard, Meyer-Borel & Cle., Paris.
Bremer Bank Fillale der Dresdner Bank,
Bremen.
Issue Commercial a Travelers’ Credits.
Buy and Sell Bills of Exohange.
Cable Transfers & Investment Securities
NEW YORE
LEIPSIG. GERMANY
Members New York Stook Kxofai
INVESTMENT
SECURITIES
Deo.
311910.]
THE CHRONICLE
BatiTvers.
SSaulue**.
Han&evs.
Millett.Roe & Hagen
Lee, Higginson&Co.
BANKERS
Wm. A. Read & Co.
BOSTON
New York
Ntw York
Dealers In
Members New York. Chicago and Boston
Stock Exchanges.
HIGH-GRADE BONDS
Buildings, Prince’s Street,
Investment Securities
LONDON, E. C.
S3 Wall Street
BANKERS.
Chicago
HIGGINSON &, CO.
I Bank
in
Members New York Stock
Exchange
Boston, >5 Congress Street
25 NASSAU STREET,
NEW YORK
/
Plympton.Gardmer&Co.
BOSTON
BALTIMORE
■
N. W. HALSEY &
CHICAGO
LONDON
CO,
Banker*
Memben New York and Chicago
Stock Exchange!
BONDS FOR INVESTMENT
Interest Allowed
Conservative Investments
Deposit Accounts
on
Fiscal Agents for Cities and
Corporations
LISTS ON REQUEST
27 William St., New York
BS2 La Salle Street,
54 Old Broad Street,
CHICAGO
LONDON. E. C.
4Q
Rhoades&Company
Wall Street, NEW TORK
Philadelphia
Chicago
San Franclaca
BANKERS
45 WALL STREET, NEW YORK
George P. Butler & Bro.
86 Wall Street
Members N. Y. Stook Exehangs
High-Grade Bonds
Trowbridge & Co.
Stati,
Municipal
and
NEW YORK
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BANKERS
Members New Tork Stock Exchange
Members New York Stook Exchange; Execute
Commission Orders; Deposits received subject to
draft.
Letters of Credit and
Travelers* Checks
Available Throughout the World
Bonds and Stocks
for Investment
HARTFORD—86 Pearl Street
NEW YORK
til
134 Orange St.
Cor. of Wall and Broad Sts.. New York.
Draw Bills of Exchange and maka Cabla
Transfers to Eurepe, Asia, Australia, the
West Indies, Central and South Amerle and
Mexico.
Issue Letters of Credit for Travelers, avail¬
able In all parts of the world.
NEW HAVEN
Broadway
H. B. HOLLINS & CO.
Goldman, Sachs & Co.
BANKERS
Oable
60 WALL STREET. NEW YORK
CHICAQO
BOSTON
M
Exchange Place,
Execute orders for purchase and
sale of
Stocks and Bonds
Buy and Sell Foreign Exchange.
CABLE ADDRESS. “COLDNESS”
14 State Street,
NEW YORK
BOSTON
W
_________________
Dealer! in
Issue
NEW YORK CITY
Commercial and Travelers’
Letters of Credit
49 WALL STREET. N. Y. CITY.
DEALERS IN
Securities
and Commercial
COMMERCIAL PAPER
INVESTMENT SECURITIES
Investment
Members New York & Boston Stook Exchanges
Zimmermann & Forshay
Paper
BOISSEVAIN & CO.
24 BROAD STREET.
Members New York Stock Exchange.
NEW YORK.
Orders executed for stocks and bonds for Invest¬
ment or on
Members New York Stock Exchange.
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
Members New York Stock Exchange
and Boston Stook Exchange.
25 Congress St
BOSTON
111 Broadway
NEW YORK
234 LaSalle St.
CHICAQO
Railroad, Municipal and Industrial Securities
Inquiries and correspondence receive prompt and
courteous attention.
OFFICIAL
QUOTATION SHEET WILL BB
REGULARLY ON REQUEST
SBNT
Wollcnberger & Co.
Specialists
to
Foreign Government Bonds
206 La Salle Street
margin.
BIRD 8. COLBR
-
-
CHICAGO
LEONARD H. HQfc’
Forsiga Exchange Boight aid Salt
W. N. COLER & CO.
Letters of Credit Issaed
BANKERS
AND
BOND & GOODWIN
In
Correspondence Invited.
• and 11 Wall Street. New York.
A GENERAL BANKING
STOCK EXCHANGE B USINESS.
COMMISSION BROKERS
BANKERS
BANKERS
TRANSACT
Members New York Stock Exchange.
Available In all parts of the world.
and other MUNICIPAL BONDS
Adolph Boissevain & Co..
Amsterdam. Holland.
Tel. 6570-1-3 Hanavsv
Dominick Bros. & Co.
Members of New York & Chicago Stock Exchanges
Blake Brothers & Co.
Address. Domtne.N.Y.
Cable
Transfers
to
all
Parts
of
the
World.
43 CEDAR
ST., NEW YORK
INVESTMENTS
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St
Philadelphia
Members New York and Phlla. Stock Exchanges
New York Cotton
Exchange
Investment Securities
Shoemaker, Bates & Ce
BANKERS
fNew York Stook Exchange
Members^ New Tork Cotton Bxohangt
l Chicago Stock Exchange
INVESTMENT
37-43 Wall
SECURITIES
Street, New York
500 Fifth Ave.. New York
(VOL.
THE CHRONICLE
n
LXXXX1.
Sxnadixn.
'ganttlgn.
MONTREAL
DEUTSCHE BANK The Union Discount Co. BANK OF
(EstabUsbod 1817)
BERLIN W
of London, Limited
CAPITAL paid in - - $14,400,000 00
Behrcastrasse 9 to IS
89 CORNHILL.
M. 200.000.000.
RESERVE
$95,171,895
*
-
Dividends paid during
last ten years:
12. 12 M per eent
11. 11. 11. 11. 12. 12. 12. 12.
$5— SI STERLING.
NOTICE IS HEREBY
GIVEN that the
RATES OF INTEREST allowed tor money on
deposit are as follows:
At Call, 3 Per Cent.
At 8 to 7 Days' Notice,
Brandies:
BREMEN, DRESDEN. FRANKFORT-O-M.,
HAMBURG.
LEIPSIO. * MUNICH.
NUREMBURG. AUGSBURG.
WIESBADEN.
BRUSSELS. CONSTANTINOPLE
and the
Deutsche Bank
8.750.000
1.900.000
Paid-Up
Reserve Fund
M. 105.720.104.
St..
4 George Yard. Lombard
LONDON, E. 0.
NEW YORK OFFICE.
and
de¬
posit at rates advertised from time to time, and
CHRISTOPHER R. NUGENT. Manager.
With
Branches In all the Principal Cities
Towns of England and Wales.
($7,148,000)
PAID-UP CAPITAL
M. 22.500.000.
($5,857,000)
SUBSCRIBED CAPITAL,
($1,615,000)
PAID-UP
6.827.000.
HEAD OFFICE
M.
CAPITAL,
-
-
-
$95,741,700
19,946,187
17,951,568
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BERLIN
Kanonlerstrasse 20 to 30.
Brandies:
ARGENTINA: Bahla-Blanca, Buenos Aires.
Cordoba. Mendoza. Tucuman.
BOLIVIA: La Pas. Oruro.
CHILI: Antofagasta, Concepcion. Iqulque. Osorno.
Santiago. Temuoo, Valdivia, Valparaiso.
PERU: Arequlpa. Callao. Lima.
and
ESTABLISHED 1836
RESERVE FUND,
Trujillo.
W. M. RAMSAY.
1 Afoot*.
C. J. CROOKALl. )
155 branches In the Provinces of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British
Columbia. Good facilities for effecting prompt col¬
lections in Canada. Buy and Bell Sterling Exchange
and Cable Transfers. Issue Commercial and Trav¬
elers’ Credits available In any part of the world.
London Agents—The London Joint Stk.Bk., Ltd.
CAPITAL PAID
UP--
BERLIN, W., 64
RESERVE FUND
Behrenstrasse 32-33 and Franzoslsehe-Strasse 42
Drafts. cable-transfers and letters
of credit issued.
London Agents
DEUTSCHE BANE (BERLIN) LONDON AG'Y
GEORGE Y’D, LOMBARD ST.. LONDON. E.C.
Telegraphic Address—Handelschaft, Berlin.
$3,400,000
---
(17 Million Crowns)
Head Office in Vienna: I. Strauchgasse
1.
London Office: 31 Lombard Street, E.
C.
Branches in Austria-Hungary:
ESTABLISHED 1856
Ausslg, Bodenbach, Brunn, Brux, Budapest,
Czernowltz, Eger, Graz, Innsbruck, Korneuburg,
Linz,
Lobosltz, Marburg, Pardubltz, Pirano,
Prag, Prossnltz, Saaz, Teplitz, Tetschen, Trau-
Banking Transactions of Every Description
tenau, Trieste, Weis, Znalm.
Commandite: Messrs. Hofmann
Capital,
ESTABLISHED 1851
-
-
Reserve,-
-
-
-
-
-
M. 110,000,000
VAN OSS & CO.’S BANK
M. 34,500,000
THE HAGUE,
BERLIN W.. 48-44 Behrenstrasse
BREMEN. FRANKFORT-o-M., MAINZ.
‘
Swiss Bankverein
POTSDAM. WIESBADEN.
Schweizerischer
Bankverein
Bankverein
$14,307,764
M.
LONDON OFFICE, 43 Lothbury,
E. C.
60.002,611.
With the unlimited personal liability
of the following partners:
A. SCHOELLER.
I
M. SOHINCEEL.
Dr. A. SALOMONSOHN.
E. RUSSELL.
F. URBIG.
Brasilianische Bank
fUr Deutschland
CAPITAL.
Capital paid up, . Frs.75,000,000
Surplus, .... Frs.22,500,000
Head offloe: HAMBURG.
DE JANEIRO. SAO
RIO
Bank fur Chile und
Deutschland
CAPITAL.
HAMBURG.
M. 10.000,000 00
WITH
BRANCHES
IN
CHILE
8IANOO
DE CHILE Y ALEMANIA).
ANTOFAASTA, CONCEPCION,
SANTIAGO, TEMUCO.
f15,000,000
Paid-up Capital (Hong Kong Currency)
Reserve Fund]In Gold.-.$15,000,0001
31,000,000
\In Silver.. 16,000,000/
Reserve Liabilities of Proprietors
15.000,000
GRANT DRAFTS, ISSUE LETTERS OF CREDIT.
NEGOTIATE OR COLLECT BILLS PAYABLE IH
CHINA, JAPAN, PHILIPPINES, STRAITS SETTLBUPNTfl
ITUTTTA
WADE GARD’NER, Agent. 36 Wall St.
Wiener Bank - Verein
The
National Discount
Company, Limited
M. 10 000.000 00
PAULO.
SANTOS. PORTO ALEGRE. BAHIA.
Branches:
& Lieber
BANKING CORPORATION
M. 170.000.000.
RESERVE
U.
Hong Kong & Shanghai
Agencies at Rorschach, Chlaaso and Herlsau
$40,476,200
-
St., W.
Wall
Suisse
Basle, Zurich, St Gall, Geneva
*
Tel. Address, Voco.
Codes: Hartfleld’s
58 Corn hill.
CAPITAL, fully paid,
HOLLAND
American Investments
HOCHST-o-M.. HOMBURG v. d. H.;
LONDON. E. C..
Kottlarzig
&
Pilsen.
Disconto-Gesellschaft,
-$16,000,000
-
(80 Million Crowns)
advanced upon.
Direction der
HEAD OFFICE MONTREAL
CAPITAL
$6,000,906
Rest and Undivided Profits
4,602,157
NEW YORK OFFICE. 63 and 65 Wall St.
Established 1864
Handel8-Gesellschaft,
SPAIN: Barcelona, Madrid.
BiUs sent for collection, negotiated or
throughout the Dominion of Canada.
London Office. 47 Threadneedle St.. E. C.
F. WILLIAMS TAYLOR. Manager.
Anglo-Austrian Bank
Berliner
URUGUAY: Montevideo.
and Cable Transfers; grant Commercial and Trav¬
elers' Credits, available In any part of the world:
Issue drafts on and make collections In Ohloago and
Merchants’ Bank of Canada
Telegraphic Address: Cinnabar, London.
(Deutsche Ueberseelsohe Bank.)
Agents.
Boy and Sell Sterling and Continental Exchange
The London City &
Midland Bank, Limited,
SUBSCRIBED CAPITAL
RISERVE FUND
R. Y. HEBDBN.
W. A. BOG.
J. T. MOLINEUX
grants loans on approved negotiable securities.
HEAD OFFICE
M. 30.000.000.
64 WALL STREET
The Company discounts approved bank
mercantile acceptances, reoelves money on
5 Threedneedie Street. London. England.
BANCO ALEMAN TRANSATLANTICO
Stead Office—Montreal
Rt. Hon. Lord Strathcona and Mount Royal,
Q. C. M. 0.. G. C. V. O.—Honorary Presides!
R. B. ANGUS. President.
Sir Edw. Clouston. Bart.—V.-Pres. b Gen. Mgr
354 Per Cent.
'
(Berlin) London Agency
681,561 44
UNDIVIDED PROFITS,
——-—...$7,500,000
$47,919,000 Capital Subscribed
CAPITAL
12,000,000 00
REST,
Tetegraphlo Address. Udlsoo. London.
85
CORNHILL.
-
-
-
-
LONDON.
E.
C.
ESTABLISHED 1869
paid) •
(180.000,000 crowas)
CAPITAL (fully
RESERVE FUNDS
Subscribed Capital
Paid-up Capital
Reserve Fund
$21,166,625
4,233.325
2.200,000
($5=£1 STERLING.)
NOTICE IS HEREBY
GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
At Call, 3 Per Cent Per Annum.
VALDIVIA. VALPARAISO. VICTORIA; AND* At 8 to 7 or 14
IN BOLIVIA (BANCO DE CHILE Y
-
-
-
(39.000.000 crowns)
Cable Address—Natdls: London.
J26.S42.0M
$7,900,009
HEAD OFFICE VIENNA (AUSTRIA)
Branches in Austria-Hungary
Agram,
Aussig a-E., Bielitz-Biela,
Brunn, Budapest, Carlsbad, Czerno¬
witz, Friedek-Mistek, Graz, Innsbruck
Klagenfurt, Krakau, Lemberg, Marien-
Days' Notice, 354 Per Cent.
bad, Meran, Pilsen, Prag, Przemysi,
ALE-] Approved bank and mercantile bills discounted. Prossnitz, St. Pol ten, Tarnow, Teplita,
MANIA, SECCION BOLIVIANA). LA PA2*
Money received on deposit at rates advertised Teschen, Villach, Wr. Neustadt.
AND ORURO.
from time to time ana for flx«d periods upon
specially agreed terms.
Branch in Turkey
LONDON AGENTS:
Loans granted on approved negotiable securities
DIRECTION DER DISCO NT O-GESELLConstantinople
PHILIP HAROLD WADE. Manager.
■iSCHAFFT 53 GORNHILL. E. O
_
Deo.
T
THE CHRONICLE
311910.]
Sftttfuevs.
THE CANADIAN BANK
OF COMMERCE
Mackay & Co.,
HEAD OFFICE, TORONTO
$10,000,000
7,000,000
PAID-UP CAPITAL
SURPLUS
NEW YORK OFFICE:
AND 18 EXCHANGE PLACE
Gray and C. D. Mackintosh, Agents
Edward Sweet & Co.
BANKERS
16
Nos.
Wm.
Buy and Sell Sterling and Continental Ex¬
change and Cable Transfers, Commercial and
Traveler’s Credits. Collections made at all points.
Banking and Exchange business of every de¬
scription transacted with Canada.
Members N. T. Stock
Bankers & Brokers
Members of the New York
Stock Exchange. Dealers in
High-Grade Bonds and other
Investment Securities. In¬
terest allowed on deposits.
34 PINE STREET
LONDON OFFICE—2 Lombard Street, E.C.
BANKERS IN GREAT BRITAIN.
The Bank of England,
The Bank of ScoGand,
Lloyd’s Bank, Limited,
Union of London and Smiths Bank, Limited.
Exchange
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1854
NEW YORK
The Bank of
British North America
Established In 1896
Incorporated by Royal Charter In 1840
Paid-up Capital
Reserve Fund
ESTABROOK & CO.
£1,000,000 Sterling
£520,000 Sterling
-
Head Office:
ft Graoeohurch Street, London, E.O.
New York Office: 52 Wall Street.
H. M. J. McMIC HA EL, 1 Agents.
W. T. OLIVER,
J
Boy and sell Sterling and Continental Exohange
and Cable Transfers.
Grant Commercial and
Travelers’ Credits, available In any part of the
world.
Drafts
on
and make Collections
Issue
In all parts of the United States and Canada.
BANKERS
Eleotrio
Members New York and Boston
Stock Exchangee
WE OFFER
15 State Street*
24 Broad Street*
BOSTON
NEW YORK
BALTIMORE
OH AS. MEREDITH.
President.
J. J. REED.
Vice-President.
A. H. B.^MACKENZIE, Manager.
HON. LIONEL G. GUEST. Sec’y-Treasurer.
Proven
Investment
Publie
Dealers
Utility Securities
Correspondence Solicited
ELECTRIC BONB & SHARE CR.
R. L. DAY & CO.
37 Wall St.
35 Congress St.
NEW YORK
BOSTON
(PaW-Up Capital and Surplus. S4.9N.SM
71 BROADWAY
NEW YOBK
UGH-GRADE INVESTMENT BONIS
DIRECTORS
ALFRED BAUMGARTEN. C. R. HOSMER
Capt. D. C. NEWTON (Montreal)
H. ROBERTSON
Bankers and
CHICAGO
C. Meredith & Co., Limited
Agests
Light, Power and Street
Railway Enterprises with records
of established earnings
INVESTMENT SECURITIES
HARTFORD
Bead Bilkers sad Fimcial
WE FINANCE
C. B. GORDON
MONTREAL
Munlolpal and Railroad
Members New York and
Boston Stock Exchanges
WILLIAM P.BONBRIGHT& COMPANY
BANKERS
Member* of the New York Stoek w»<**w|*
Canadian
Investment Securities
HUNT & CUSHMAN
LmAm
24 Broad Street
NEW YORK
Cetera da Seringa
COLORADO
BNQLANW
Electric Power Securities
Investment Seourltlos
CORRESPONDENCE SOLICITED
DOMINION SECURITIES
CORPORATION, LIMITED
Toronto
Montreal
London, Eng.
35 Congress
St, BOSTON
BERTRON, GRISCOM & JENKS
BANKERS
BANKERS A BROKERS
SM STATE ST;
BOSTON
40 Wall Street.
NEW YORK.
Land Title Building.
PHILADELPHIA.
THE
Tucker, Anthony A Co.
INVESTMENT SECURITIES
94 BROAD RE¬
NEW TORE
NORWICH
NEW BEDEORD
Members Boston end New York Stock
Exchanges,
INVESTMENT TRUST CO.
fxnfitKi.
LIMITED
Trustees-Transfer
Agents
BOND DEPARTMENT
Canadian
Corporation Bonds
MONTREAL
CANADA
Canadian Bonds
Alfred Mestre & Co
MUNICIPAL AND CORPORATION
BANKERS
WOOD, GUNDY & CO.
Members of the New York
46 Threadneedle St.,
LONDON. ENG.
King St.. W.a
TORONTO. CAN.
6
Stock
Exchange. Dealera
Municipal, Railroad and
Equipment 'Bonds.
Interest allo yed on deposits
Subject to Draft.
in
HANSON BROS.
Dealers in
Canadian Investment Securities
Send for our circular gtwtng details
St. Janes Street
MONTREAL
Canadian Bonds Bought*
Sold and Appraised
W. Graham Browne & Co.
MONTREAL
37 Wan St.
NEW YORK
130 8.15th St.
PHILADELPHIA
n
THE CHRONICLE
Stratues* attjfl
outside
PITTSBURGH.
[Voi>.
gete Uoefe.
LOUISVILLE.
We Buy end Sell
PORTLAND, ORE.
INVESTMENT BONDS
J. J. B. HILLIARD & SON
(NO STOCKS)
LOUISVILLE. KY.
J. S. & W. S. KUHN
BANKERS AND BROKER8
Incorporated
INVESTMENT BONDS
STREET RAILWAY SECURITIES
of
Pittsburgh, Pa.
James S. Kuhn,
President.
L. L. M’CIelland.
Seo. & Trees.
A
Dormer, Childs & Woods
Successors to CHILDS & CHILDS
LOUISVILLE, KY
J. C. WILSON
NASHVILLE.
Union Bank Building.
HENRY S. FRAZER
Local Stocks and Bonds
INVESTMENT SECURITIES
Taylor & Company
PITTSBURGH
Singer Bldg.
Banker» and Broken
8T00KS AND BONDS
INVESTMENT SECURITIES
Quotations and
Information Furnished
PITTSBURGH SECURITIES
BALLARD
&
NASHVILLE.
on
TENN.
AUGUSTA.
PITTSBURGH, PA.
South.rn
Saeurltla.
and Stocks
Wm. G. Hopper & Co.
WILLIAM E. BUSH
Issues
f PH1LADELPIA STOCK EXCHANGE
Specialty
a
SAN FRANCISOt
WILLIAM R. STAATS CO.
CALIFORNIA
Municipal and Corporation Bonds
TO YIELD
YIELDING A\i% TO 5^%
Philadelphia.
CORPORATION
Established 1887
SOUTHERN
MUNICIPAL BONDS
&. CO.
4^% TO 6%
LOS ANGELES
PASADBNA
THE ROBINSON-HUMPHREY CO.
HUNTOON
Specialist* in
INACTIVE SECURITIES
411 Chestnut St.. Philadelphia. Pa.
&, CO.
PUBLIC
Correspondence Invited
ATLANTA.
Chestnut and Third Sts..
E. B. JONES
California
AUGUSTA, GA.
proposed Investments.
A
AND
LOS ANGELES
Investments receive our s porta I attention. In¬
formation cheerfully furnished regarding present
REED
James H. Adams & Co.
BONDS
W. Q. HOPPER,
H. S. HOPPER,
Members of Philadelphia Stock Exchange.
l CHICAGO BOARD OF TRADE
SAN FRANCISCt
LOS ANGELES.
Offerings of Southern Bonds
STOCK AND BOND BROKER8
28 South Third Street,
PHILADELPHIA
Information
Member The Stock and Bond Exchange
WANTED
PHILADELPHIA.
MEMBERS! NEW YORK STOCK EXCHANGE
Invite Requests for
MUNICIPAL
PITTSBURGH
J. w. SPARKS
PACIFIC COAST SECURITIES
AUGUSTA. GA
Members Pittsburgh Stock Exchange.
MUNICIPAL AND CORPORATION BONDS
PITTSBURGH SECURITIES
or
Wakefield, Garthwaite & Co.
BROKER
HOLMES, WARDROP &, CO.
holdings
LOS ANGELB8
Branch. Coronado Hotel. Coronado Beach.
Conespondents,
Harris. Wlnthrop & Co.. New York & Chicago
1st Nat. Bank Bldg..
JOHN W. DICKEY
Members Pittsburgh Stock Exchange
Union Bank Building,
Private Wire to Chicago and New York.
SAN FRANCISCO
We
McCONNEL
Commonwealth Bldg.
fNew York Stock Exchange.
MEMBER!Chicago Board of Trade.
IStock and Bond Exchange, S. F.
THOS. PLATER & CO.
NEW YOKE
and
BONDS
PACIFIC COAST SECURITIES A SPECIALTY
SAN FRANCISCO.
SECURITIES.
268 Fourth Ave.
Municipal and Corporation
Specialty
John W. & D. S. Green
PITTSBURGH, PA.
H. P.
PHILADELPHIA
NEW YORK.
STOCKS AND BONDS
INVESTMENT SECURITIES
Members New York and Pittsburgh Stock
Exchanges and Chicago Board of Trade
INVESTMENT
MORRIS BROTHERS
PORTLAND
Oorraapondents: WALKER BROS., 71 B’way. N. Y.
PAID-UP CAPITAL. $600,000
LXXXXl.
ATLANTA, GEORGIA
BARROLL & CO.
Legal Bonds
BONDS
HILLYER TRUST CO.
Capital and Surplus,
...
$300,000
Merchants' Exch. Bldg,
San Francisco.
H. W
Heilman Bldg
Los Angeles.
ATLANTA. GA.
BONDS
Kerris Building,
BALTIMORE
PHILADELPHIA
COLSTON, BOYCE & CO
NORFOLK, VA.
Members Baltimore Stock Exchange
MOTTU & CO.
AND
W.
BIRMINGHAM, ALA.
STOCKS AND BONDS
STOCKS AND BONDS
OFFICES
Denver. Colorado
Denver City Tramway 6s
Denver Union Water Co. bds. & stks.
Denver Gas & Electric Co. 6s
Great Western Sugar Co. stock
Colorado Telephone Co. stock
Cities Service Co. stock
Denver District Improvement bds. 6%
Colorado Irrigation District bonds 6%
McCRUM
PROVIDENCE.
MEYER & GOLDMAN
Richardson & Clark
26
Exchange Street, Providence, R. I.
Bonds, Stocks
BIRMINGHAM, \
MONTGOMERY,!
ALABAMA
DENVER. COL
H.
Kansas City Ry. & Light Issues.
Western Municipals.
Local Securities.
BIRMINGHAM. ALABAMA.
Private wires to
and New York
and Local Securities.
Boston, Philadelphia
CALVIN BULLOCK
INVESTMENT BONDS
COLORADO SECURITIES
MEMPHIS.
JNO. L. NORTON
Local Stocks and Bonds.
86 Madison Avenue.
MEMPHIS.
TENN
-
EXCHAN«B
Boettcher, Porter & Company
KANSAS CITY. MO
BBOKEBS
ANGELES STOCK
LOS ANGELES.
KANSAS CITY, M0.
INVESTMENT CO.
Otto Marx & Co.
AND
LOS
SOUTHERN SECURITIES
BROKERS
NORFOLK, VA.
BANKERS
INVESTMENT SECURITIES
MEMBERS
INVESTMENT BONDS
Established 1892.
BANKERS
FIELDING J. STILSON CO.
ROCHESTER, N. Y.
PORTLAND, MAINE
High Class 6% Bonds
Established 1854
50% Stock Bonus
Write far particulars
JOHN A.
BURGESS
Member Rochester Stock Exchange
104-106 Wilder Bldg.
ROCHESTER: N. Y.
H. M.
PAYS0N & CO.
Investment Securities
PORTLAND
....
MAINS
Ghaa. H. Payaon Geo. S. Parson Herbert Paysoa
Deo. 31
TO
THE CHRONICLE
1910.)
vend DkoIm**
ST
CHICAGO.
^gsth.
oulslfte
CLEVELAND.
LOUIS.
|-J-|J-|-r-nr,nni-,-,--.nnnn
QREENEBAUM SONS
BANKERS
First Mortgage
Randolph Streets, Chicago.
High-Grade Investment Securities.
Obloage First Mortgages and Bonds for sale.
Letters of Credit for travelers, available In
Garner Clark and
all
parts of the World.
General Domestic and Foreign Banking Business.
Correspondence Solicited.
Send for our latest lists of
$100,000
Merchants1 Bridge Company
Securities.
Guaranteed
as
to Interest
by
Terminal Railroad Association of St. Louis, mo.
These bonds axe secured by First Mortgage on
the double-track modern steel bridge, and its
approaches, over the Mississippi River at St.
Louis.
The bridge and approaches could not be
duplIcated|for|anythlng Uke»theiamounV of the
present bond issue.
This bridge*a£fords„the£only
entranceflnto#!St.(|Louis from*the£|East, except
overithe^Eads||Bridgegand*throughithe tunnel,
which, on account of the use of soft coal, is ex¬
Sanford F. Harris A Co.
uvesthent securities
ROOKERY
THE
tremely disagreeable.
The property Is leased for Its charges to the
Merchants’ Terminal Railroad Company, which
is controlled by the Terminal Railroad Associa¬
tion of St. Louis, the latter being composed of the
fifteen railroads entering St. Louis.
For the year ending June 1, 1910, the Terminal
Association report a total
and freight cars handled
CHICAGO
BORTON
6% Bonds
Dated February 1, 1889.
Due February 1, 1929.
Authorized and Outstanding? $2,000,000.
Optional after February 1, 1909, at 110 & int.
Farmers’ Loan & Trust Co., New York, Trustee
BORTON
FRED. S. BORTON
T. E.
R. C. ENWRIGHT
BORTON
A
INVESTMENT SECURITIES
LISTED AND UNLISTED
STOCKS AND BONDS
OHIO
OF CLEVELAND AND NORTHBRN
EXCHANGE
MEMBERS CLEVELAND STOCK
CfUABDIAN B TJ1LDINQ
Hayden, Miller & Co.
Investment Bonds
CLEVELAND. OHIO
Citizen*’ Building.
of 555,800 passenger
over the Merchants’
INDIANAPOLIS.
Bridge.
Price
Slaughter & Co.,
A. O.
BANKERS & BROKERS
139 MONROE STREET.
CHICAGO,
Application—To Yield about 5 P«r Cent.
A. G. EDWARDS ASONS
New York
St. Louis
Joseph T. Elliott & Sons
investment Securities
Members
Indianapolis Stock Exchange
INDIANAPOLIS
American Nat. Bank Bldg.,
ILL.
New York Stock Exchange.
New York Cotton Exchange.
New York Coffee Exchange.
Members:
on
& CO.
WHITAKER
NEWTON TODD
High Grade
-{New York Produce Exchange
Chicago Stock Exchange.
Chicago Board of Trade,
St. Louis Merchants’ Exchange
I WILL BUY AND
INDIANA TRACTION SECURIT1BI
Missouri & Illinois
To
THE ROOKERY. CHICAGO
net
INDIANAPOLIS
Fletcher Bank Bldg
Municipal Bonds
Allerton, Greene A King
SELL
ALBANY, N.Y.
434% to 5%
PETER J.
CALLAN
INVESTMENT BANKER
Grcular
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
List
it
application
FOURTH ST.
-
Local, Listed and Unlisted
STOCKS AND BONDS
ST. LOUIS
REAL ESTATE
Application
Becker & Co.,
A. G.
300 N.
on
%n%lnzzxz.
William R.
Compton Co
(INCORPORATED.)
COMMERCIAL PAPER
Uebta.•Laclede Bldg.
RT. LOUIS
205 LaSalle St.
CHICAGO
f. W. Cor. Monroe & La Salle Sts.. Chicago.
■
POE A DAVIES
Members
Engineers, Contractors
and other
HIGH-CLASS BONDS
DEALT IN
Seaboard and Coast Line Issues
Local and Southern Securities
CIRCULARS AND LIST ON APPLIC TION
Investigations and Reports on Electric
Railway Gat, Electric Light and Powa»
Properties. Irrigation Systems. Ac., lor
Financial Institutions and Investors.
Electric
Designed and Built
London Correspondents:
J. G. WHITE
SAINT PAUL.
'
City of St. Paul 4 Hs
Twin City Telephone Co 1st 5s
Correspondence Invited
Petersburg, Fla., 6%
Improvement Bonds
Edwin White & Co.
WEIL, ROTH & CO.
CHICAGO
CINCINNATI
Savings Bank Bldg., St. Paul
F. E. MAG RAW
ST. PAUL, MINN.
MINNEAPOLIS.
MINNEAPOLIS. MINN.
CORPORATION
Public Utilities and Industrials
Maui. Am. Sac. C. I.
DEALER IN
BONDS
Twin City Rapid Transit System Bonds
Minneapolis National Bank Stocks
H. U. WALLACE
OHIO
ENGINEER
Examinations, Reports. Surveys,. Supervision al
construction and operation of Electric and JBtaani
Railroads, Power Plants,’ Transmission -lists;
Central Stations and Irrigation project*. As.
PROVIDENCE.
ALBERT P. MILLER Jr
INDUSTRIAL TRUST CO. BUILDING
WELLS & DICKEY CO
A
SIXTY
WALL ST*
NEW YOIK
Cincinnati Securities
Commercial Paper
Local Securities of the Twin Gties
MUNICIPAL
Engineering and Construction
Plans, Methods, Operation
Reports for Financing
CINCINNATI.
GLOBE BUILDING
C. G. YOUNG
FRIEDLANDER
EDGAR
MUNICIPAL AND CORPORATION
BONDS
Ex-Supt.*Illinois Central HR.; Chief Englaeas
Illinois Central RR.; and Gen’l Manager Chleaea
Lake Shore A South Bend Electric Railway.
Established
Local Securities
Gas, Electric Lighting & Railway
Government, Municipal
and Corporation Bonds
SPECIALISTS IN
Buffalo and Western Now York Securities
1889
A. L. REGISTER & CO.
ENGINEERS—CONTRACTORS
Bonds and Stocks
Philadelphia
BUFFALO.
BUFFALO. N. Y.
CHICAGO ILL
Marauette Bldg.
PROVIDENCEi R. I
*
JOHN T. STEELE
A CO., Limited,
St., E. C.
• Cloak Lane. Cannon
30 Years
on
all Northwestern Securities
Railways, Electric Light and Fewer
Plants, Gas Plants, Financed,
CINCINNATI.
St.
San Francisco, Cal
Chicago, Ills.
Baltimore Stock Exchange
Twin City Rapid1 Transit 5s, 1928
Transf
Minnesota Transfer
Ry. 5s. 1916
St. Paul Gas Light Co, 5s. 1944
Exchange Place, NEW YORK
43-49
MUNICIPAL
BALTIMORE
J. G, WHITE & CO.
BODELL &
CO.
-
Dfllitttttfl fgttflittJCiECg.
106 TO 909 BANIGAN. BUILDING
PROVIDENCE
H.
M. CHANCE
Consulting Mining Engineer and Goologlsl
Bonds and
Preferred Stocks
of Proven Value.
GOAL AND MINERAL PROPERTIED
Examined, Developed, Managed
537 Drexel Bldg..
PHILADELPHIA. PA
Tin
THE CHRONICLE
(Current
[VOL. jLXXXXI
inquiries.
Colorado Springs & Cripple Creek District Cons. 5s, 1942
Cincinnati Hamilton & Dayton Gen. 5s, 1942
Cincinnati Hamilton & Dayton Gen. 43^s, 1939
Galveston Houston & Henderson 5s, 1913
Ill.
Evansv. &
Sloss Iron & Steel 6s & 4j^s
Kings County Gas & Ill. 5s
N. Y. & Queens Elec. Lt. & P. 5s
Hudson River Water Power 1st 5s, 1929
Northwestern Terminal Co. 5s, 1926
Atchison & Eastern Bridge 4s, 1928
Norfolk & Southern 1st 5s, 1941
Pere Marquette Coll. 4s, 1923
6. W. Walker & Co.
TeU 100 Broad.
Great Northern of Canada 4s
AND ALL OTHER SECURITIES DEALT
F.
IN
J. LEMAN & COMPANY,
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
BROAD
STREET,
Land Title & Trust Go.
NEW
BANKERS
LIBBEYaSTRUTHERS
55 Cedar Street
NEW YORK
C. C. C. & St. L.—Mich. Div. 4s
Columbus & Hock. Vail. 1st 4s, 1948
Saratoga 7s
Houston & Texas Cent. 4s
Wo Offer
American Piano Common
American Piano Preferred
U. S. Industrial Alcohol Common
U. S. Industrial Alcohol Preferred
BOUGHT AND SOLD
SHARES
OF
GEORGIA
5% GUARANTEED STOCK
HILSMAN
& CO.
lEMPIRE BUILDING. ATLANTA. QA.
37
Wald St.. N.
Gettysburg & Harrisburg 5s
Private telephone between New York and Boatec
Sutton, Strother & Co.,
BURCESS, LANG & CO.
Private Wire
NEW YORK
34 Pine Street
BOSTON
50 State Street
NOTES
Ayer Mills 43^s, 1913, 1914, 1915
Balt. & Ohio RR. Co. 4V£s, 1913
St. Louis & San Fran. RR. Co. 5s, 1913
Westingh. Elect. & Mfg. Co. 6s, 1913
Calvert and German Streets
BALTIMORE
Members of Baltimore Stock Exchange
BONDS
Baker, Ayling & Company
BOSTON
Providence
Philadelphia
WE WANT
Duluth Rainy Lake & Winnipeg Ry. 1st 5s, 1916
Col. Newark & Zanesv. Elec. Ry. 1st 5s. 1924
Col. Buckeye Lake& New.Tract.Co., 1st5s, 1921
Canton-Massillon Electric Ry. 1st 5s, 1921
Broadway. New York
WANTED
Orand Rapids Ry. Co. 1st M. 5% Bonds, due 1916
OFFER
St. Joseph Railway. Light. Heat & Power Co.
1st Mortgage 5% Bonds. 1937.
PhlladolphlB
4s, Series “G”
104 S. Fifth Street
J. H. BECKER & CO.
80
80 Broad Street
Y.
We Want To Buy
Somerset Coal Co. 5s
Genesee & Wyoming 5s
Cuban Government Internal 5s
Illinois Central Traction 5s
Atlanta Water & Elect. Power 5s
Postal Tel .-Cable of Texas 5s
Multiphone Operating Co. Stock
Tel. 985 Rector
Erie RR. Co. Prior Lien 4s
Members
New York and Philadelphia Stock Exchange
FERRIS a WHITE,
Hanover
FREDERIC H. HATCH & CC
MELLOR & PETRY
Unified 4s, at 95^
6327-8
Allegheny Valley Ry. 4s
Duluth Rainy Lake & Winnipeg 5s
Pan Handle Cons.
$25,000 Long Island R.R.
Tel.
Susq. & West. Terminal 5s
Pennsylvania Co. 4>^s, 1921
C. & 0.—Big Sandy 4s
Chic. & Pac. West. 1st 5s
Rensselaer &
H.
Philadelphia.
Penna. & Northwestern 5s
Choctaw Okla. & Gulf 5s
New Haven 6s
Members New York Stock Exchange.
J
400 Chestnut Street,
Western N. Y. & Penna. First 5s
L. M. PRINCE & CO.
SOUTHWESTERN
Robt.Qlendinning &Co.
N. 7.
MEW YORK
,
300
& N., New Orleans & Mobile 1st
Mtge. 6s, due Jan. 1930
Atlanta Knoxville & Northern 1st Mtge.
5s, due Dec. 1916
Oregon Short Line 5s, due 1946
Oregon Short Line 6s, due 1922
44 PINE STREET. NEW YORK
Members New York Stock Exchange.
Western Union Conv. 4s, 1936
20 BROAD ST.
L.
Building, PHILADELPHIA
1934
Cuban Government Internal 5s
25 Broad St.f New York
SUTRO BROS. & CO.
YORK
39 Pearl Street, HARTFORD
Michigan Central Debenture 4s, 1929
Oregon RR. & Nav. Co. Cons. g. 4s,1946
Colorado & Southern 1st g. 4s&Ext.43^s
Chicago Rock Island & Pacific Ref. 4s,
Indianapolis 6s
Chic. & Alton S. F. 5s
Duluth Rainy Lake & Winnipeg 5s, 1916
Gulf Beaumont & Kansas City 5s & 6s
;
Cent., St. Louis Div. Sy2s
Nashv. Flor. & Sheff. 5s
BONDS
New York
Boston
50
Congress
WE WANT
Allentown Gas 5s, A. & O., 1924
Atlanta (Ga.) Gas Light 5s, J. & D., 1947
Chester County Gas 6s. J. & D., 1925
Harrisburg (Pa.) Gas 5s, F. & A.. 1928
Kansas City Gas 5s. A. & O., 1922
Merion & Radnor Gas & Elec. 5s, M. & N., 1954
Syracuse Gas 5s. J. & J., 1946
Syracuse Lighting 5s. J. & D., 1951
Syracuse Light & Power 5s, J. & J.. 1954
REED A. MORGAN & CO..
Weat End Truat Bldg., Phlla., Pa.
Members of the Philadelphia Stock Bxoha
«
•
Telephones, i Bell-Spruce 21-81.
I Keystone-Race 205
Nash. Chat. & St. L. 5s, 1928
Chicago & N. W. Cons. 7s, 1915
Chesapeake & Ohio 5s, 1929
Elmira Cort. & Nor. 1st 5s, 1914
Peoria & Pekin 2nd 4H>s, 1921
Rochester & Pittsb. 6s, 1922
BLAKE & REEVES
Tel. 1504 John
84 Pine Street. New ’
Mohawk
Hydro-Electric Company
Amer. Telep. Coll. Trust 4s, 1929
Canada So. Ry. Co. 2nd Mtge. 5s, 1913 First Mtge. 6% Sink. Fund Gold Bonds
Illinois Steel Co. Deb. 5s, 1913
Non-taxable in New York State
Lackawanna Steel Go. Deb. 5s, 1915
Special circular on request
*Morris & Co. 1st Mtge. 4^s, 1939
Pacific Telep. Co. 5s, 1937
Penna. RR. Co. Conv. 3J^s, 1915
8 Congress Street,
Boston.
Schwarz. & Sulzb. Co. Deb. 6s, 1916
South. Bell Telep. Co. 1st Mtge. 5s, 1941
TAX FREE IN PENNSYLVANIA.
*
Western Electric Co. 1st 5s, 1922
Johnstown Passenger Railway Co
Pingree, McKinney & Co.
*
Listed
on
Chicago Stock Exchange.
CURTIS & SANGER
Member! N.Y.. Boston & Chicago Stock
•
Boa ton
19 Wall Street
NEW YORK
Exchange!
Chicaeo
Refunding 4s, due 1931.
Lehigh Valley Transit Company
First 4s, due 1935.
WURTS, DULLES & CO.
125 S. FOURTH ST..
Telephone Lombard
PHILADELPHIA
1060-1061
Dec. 31
THE CHRONICLE
1910.]
IX
Jfxratf Httqnivies.
19tta Ward Bank Stock
Hudson Companies Preferred
“
Stock
Automatic Electric Co. Stock
Amer. Oas & Elect. Co. Preferred Stock
Great Western Sugar Co. Common & Pref.
Mexican lnt. 1st 4s. 1977 (stamped)
“It is easier to
Syracuse Gas Co. 1st 5s, 1946
Keokee Cons. Coke Co. 1st 5s, 1959
Ashland Water Co. 1st Ref. 6s. 1929
BANKERS
Telephone 445-6-7 Rector
28 Nassau
"NEWROSB”
WE OFFER FOR SALE
Schwarzschild & Sulzberger 6s, 1916
Columbia Gas & Elect. 5s, 1927
Specialize in Coal Company Bonds
OFFERINGS WANTED
'Phones Bell Walnut 22-90
Metropolitan St. Ry. Oen. 5s, Tr. Ctfs.
Lex. Ave. A Pay. Ferry 1st 5s, 1997
Columbus A 9th Ave. 1st 5s, 1997
Jersey Municipals
Public Service
Oswego A Rome 2d 5s, 1915
New York Suburban Oas 5s, 1949
Jo$ep1)ttlaIker&$on$
Members New York Stock Exchange,
Rroad St.
New Y<*rk.
20
Private wire to Philadelphia
Coffin & Company
XnBW YORK
OFFER
Terminal Assn of St. Louis 4s A 5s
St. Louis Iron Mt. A Southern 5s
Company
Edward V. Kane & Go.
MORRIS BUILDING. PHILADELPHIA.
Telephones,Bell-Spruoe 3782. Keystone.Race 680
N. Y.
84 Pine Street
NK*
NEW HAVEN. CT.
City Reg. 3}£s, 1918-19
3^s, 1925
Kan. City A Pac. 1st 4s, 1990
VOit*
B. A O. So. W. 1st
The highest authorities declare
PORCUPINE
The greatest gold camp in the world
Learn about It before the rush
Write us to-day for information
G. K. B. WADE
WARREN, GZOWSKI & CO.
Tel. 6744 Hanover
49 Wall Street
Members Toronto Stock Exchange
25 Broad Street.
FOR DEPOSIT AGREEMENT OF
New York.
Swartwout &
Lindsey Water Company 1st 5s, 1919
APPLY TO
Appenzellar
George B. Atlee & Co.
BANKERS
119 S. Fourth St.
Members N. Y. Stock Exchange
u
Pine Street
New York & Hoboken Ferry Go.
GENERAL
Co. 1st 5s, 1941
Southern Light A Traction Co. 5s, 1949
Indiana Lighting Co. 1st 4s, 1958
New York State Railways Co. common
LAMARCHE & COADY,
Tel. 5775-6 Broad.
Philadelphia
NEW YORK CITY
<6 Broad St.. W ▼
Due
5s,
May, 1946
W. E. R. SMITH & C0„
20 Broad Street
New York
Jamestown Franklin & Clearfield 4s
Chicago Indiana & Southern 4s
Southern Railway, St. Louis 4s
Central Vermont 4s
Western N. Y. & Penna. 4s and 5s
Des Moines & Fort Dodge 4s
C. & 0., Coal River & Potts
Creek 4s
Long Island, North Shore 5s
Atl. Birin. & Atl. 5% Receiver’s Ctfs., 191!
Southern Pacific of Cal. 6s, 1912
Texas & N. 0., Sabine 6s, 1912
St. Louis & San Francisco 4J^s,
Southern Bell Tel. A Tel. 5s
Refunding 4s
Illinois Central Registered 4s, 1952
Illinois Central, Cairo Bridge 4s
Cit. Lt. Ht. A P. (Johnstown, Pa.) 5s
Corporation
BONDS
_
West. Va. Central A Pitts. 6s, 1911
N. Y. Lake Erie A West. 7s, 1920
Northern Ohio By. 1st 5s, 1945
33 Wall St.. N.Y.
Municipal, Railroad and
Oswego A Syracuse 5s, 1923
/
Jack. Lans. A Saginaw 3J^s, 1951
St. Joseph (Mo.) Gas Co. 1st 5s, 1937
Edison Elect. Ill. Co., Bklyn.,4s, 1939
Quebec Jacques Cartier Elec.Co. 1st 5s
Phila. A Reading 6s A 7s, 1911
Lincoln (Neb.) Gas A Electric Light
’Phones 7460 to 7466 Hanover.
Equipment Bonds and Car Trusts
United N. J. RR. A C. 4s, 1944
N. Y. Ont. A West.
J. K. Rice. Jr. & Co.
GILMAN & CLUCAS
84
*4 WALL
wil l ST
ci
'
Steel
1st Nat. Bank Bldg..
DOUGLAS FENWICK & CO
Tel. John 109
80 United States Motor Pfd. Stock
30 Broad St., N. V
First Mtge. 5s, Due 1931
Price to Yield 5J^%
Tel. TT50 1-2-8 Hanover
ft Wall Street
NEW YORK
New
20 Title Guarantee & Trust Stock
FOR1SALE
EYER & COMPANY
Scrip
Coal 5s
20 Phelps, Dodge & Co. Stock
100 Singer Manufacturing Stock
47 Standard Coupler Pfd. Stock
PATERSON & CO.,
Id. MM-4-T Rector
Kentucky Central 4s, 1987
Western New York & Pa. 5s. 1937
New Mexico Railway A
New York Municipals
25 Mt. Vernon Trust Co. Stock
Kings Co. El. Lt. A Power 5s, 1937
NEW YORK
N. O. Mob. A Chic. Bonds A
100 American Express Stock
36 Eastern Steel 1st Pfd. Stock
Keystone Race 4-99
N.Y .A East Riv. Oas 1st 5s, 1944
N.Y.A East Riv. Oas Cons. 5s, 1946
N.Y.A Westchester Ltg. 4s, 2004
Eastern
1992
Div. 5s, 1947
Riv. 5s. 1927
1947
50 Adams Express Stock
100 American Coal Products Stock
North American Bldg.,
PHILADELPHIA
Members Philadelphia Stock Exchange
BARKERS
N. Y. Ont. & West. Ref. 4s.
Mobile & Ohio .Montgomery
K. C. Ft. Scott & M.. Cur.
Choctaw & Memphis 1st 5s,
J. K. Rice, Jr. A Go. Will Sell
R. M. Stinson & Co.
MEGARGEL & CO.
3 Nassau Street
Street, New York
Danville Urbana & Champaign 1st 5s. 1923
Pitts. McKeesport & Connellsv. Cons. 5s, 1931
Cleveland Elyria & Western Cons. 5s. 1920
Muskegon Tract. & Light 5s. 1931
Penn. Coal & Coke Securities
Balt. & Ohio Coll. Tr. 4 Hs. 1913
Miss. Kansas & Texas 5s, 1911
Southern Bell Tel. 5s. 1941
O’Gara Coal Company 5s, 1955
Jamestown Franklin & Clearfield 4s, 1959
We
it.”
Branch Offices
6th Aye. A 43d St., New York
33 Lombard St., London, E. 0
Cable Address,
PRTVATE WIRE TO ST. LOUIS
save
Guaranty ofTrust
Company
New York
Chicago A N. W. General 4s, 1987
Pitts. Cin. Chic. & St. L., All Issues
Atchison Adjustments 4s, 1995
N.Y. Cent., L. Sh. Col. Tr. 3J^s, 1998
Louis. A Nash. Unified 4s, 1940
Louis. A Nash. 1st 5s, 1937
Tol.A 0. Cent.,West. Div. 5s, 1937
Telephone 4390 Reotor.
than to
promptly; that in case of necessity the Investment can readily be converted into cash
—all of these factors, which enter so vitally into the life of a good investment, are
not always easy of determination.
We have prepared a booklet entitled: “What Constitutes a Good Investment,”
which pretty thoroughly answers these knotty questions, and if you are interested in
safe investments we will be pleased to mall a copy to you upon request.
20 BROAD STREET, N. T.
MEMBERS N. 7. STOCK EXCHANGE
60 BROADWAY. N. Y.
earn money
How to wisely invest savings, or surplus funds of any kind, is frequently a diffi¬
cult problem.
How to be sure that the principal will be safe; that the Interest will be paid
Glide, Wlnmill &Co.
NEWBORG & CO.,
WHAT CONSTITUTES
A GOOD INVESTMENT ”
1912
WERNER BROS. & GOLDSCHMIDT
Tel. 4800-1-2-3-4-5 Broad.
25 Broad Street, N Y«
THE CHRONICLE
IV01*.
■Bivi&zn&s.
LXXXAI
ffitwroxial.
COUPONS DUE AND PAYABLE AT THE OFFICE OF THE
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar
Citizens Central
JJaiimml fgattk
*f
Street, New York
ON AND AFTER JANUARY
3RD, 1911
930 BROADWAY
Acker, Merrall & Gondit Co. (Jan.
Mutual Life Insurance Company..5s
10th) Deb
6s Mutual Terminal Co. of
Buffalo,
Alexandria, La., Public Improv’t. 6s
N. Y., 1st
4s
American Felt Co
Arkansas Oklahoma
Railroad Co
Baton Rouge,
provement
&
__5s Natomas Consolidated of Cal
Western
New York
_.6s
La., Permanent Im¬
1st
6s
Bay Extension Ry. Co.
5s
New Bern Gas Co. of N. G_
6s
4s North Spring Lake, N.
J., Water.5s
6s Northern Indiana Ry. Co. Cons.lst5s
Billings, Mont., Funding
Bloomfield, N. J., Fire Department4s Norwalk, Conn.,
Refund’g & Sew.4s
Buffalo Creek RR. Co. 2d.__---.5s Oskaloosa
Traction & Light Co...5s
Cairo, Ga., Water-Works & Elec¬
Pacific Telephone &
Telegraph Co.5s
tric Light
6s Pelham, Ga., School
5s
Camden County, N. J.,
Building..4s Pelham Public Improvement
5s
Canandaigua, N. Y., Union Free
Pensacola, Fla., Improvement-.43^s
School District No. 1
4s Pensacola, Fla.,
Special Improv’t_6s
Cane & Rice Belt
Irrigation Co_..4s Philipsburg, Mont., Water.
_6s
Cedartown, Ga., School Improv’t-6s Pittsburgh & Fairmont Fuel Co.lst5s
Cohoes, N. Y., Public Improv;t.33^s Portland Gas & Coke Co
5s
Coldwater Gas, Light & Fuel Colst5s Port
Vue,
Pa.,
Funding.
4)^s
Detroit Monroe & Toledo S. L.
Ry.
Richland, Ga., Water-Works &
Co
6s
Electric Light
5s
Durham, N. C., School
4s Richmond, Va., Series I__
__4s
Easton Palmer & Bethlehem Street
School City, Ft. Wayne,
Ind___3J^s
PRailway Co...
'...
6s South Orange, N. J., Sewer..
4s
Elberton, Ga., Paving
4s South
Porto
Rico
Sugar
Co.
Elmira Water, Light & RR. Co_. _6s
(Jan. 31st)
6s
Elyria, O., Water-Works
43^s Stonington, Conn., Sch. D. No. 18.4s
Fresno City Water
6s Stockton Gas & Electric Corp
Company
6s
Fulton, N. Y., Sewer
__4s Sullivan Water
6s
Company
1st
Glassport, Pa., School District.4y2s Syracuse, N. Y., School
3}^s
Glassport, Pa., Borough
6s Tampa, Fla., Refunding.
_5s
Goldsboro Gas Company.
6s Telfair County, Ga., Court House.5s
Greensboro, N. C., Street
4s Toledo, O., Rfg.4s
& various others
Griffin, Ga., Sewer, Water & Light6s Toronto, Can.,
Local Improv’t-..4s
Hawaii Territory, Improvement
3ys U. S. Mtge. & Trust Co. Ser. “K”_4s
Idaho Falls, Idaho,
Municipal
5s U. S. Mtge. & Trust Co. Ser. “L”_4s
Inter-Ocean Steamship
Company.5s Water, Light & Power Co. of Hot
Jennings, La., School
5s
Springs, S. D
_5s
Klickitat County, Wash.,
Funding 6s Water-Works Co. (San Antonio)._6s
Long Island RR. Co. Consol
l
_5s Westerly, R. I.,
Refunding
4s
Long Island RR. Co. New Consol.4s West
Indianapolis Funding (Jan.6)6s
Long Island RR. Co. North Shore
West Orange, N. J., Educational. .5s
•^Branch
5s Wilkes-Barre, Pa.,
City Improv’t.4s
Marquette & Bessemer Dock &
Wilmington, N. 0., Refunding.. _4s
^Navigation Co. Deb
5s Woodlawn
Cemetery Co. of Md.
Montauk Extension RR. Co
5s
(Jan. 15th)___
6s
Monterey & Pacific Grove Ry. Co.6s Yellowstone
County,
D.
Mont.,
S.
Montgomery, N. Y., Water
4s
No. 2
4J/£s
Monticello, Ga., School
5s Yosemite
Valley RR. Co.
.5s
..
6s Zenith
Steamship Co. (Jan. 15th)_5s
BANKCRS TRUST COMPANY
7 WALL
STREET, NEW YORK
Capital, $3,000,000
Surplus and Profits, $6,295,000
DIRECTORS
STEPHEN BAKER, President Bank of the
Manhattan
EDOAR L. MARSTON, Biair & Co.,
Bankers, N. Y.
PERKINS, J. P. Morgan & Co., Bankers.
BAYNE, President Seaboard NationalJ QEORQEW.
n. Y.
Jr?*:*. N‘G.Y-
SAMUEL
M
,
.
.
EDWIN M. BULKLEY. c
.
Spender T
Trask
& r.
Co., „
Bankera, N. Y.
JAMES O. CANNON, President Fourth National
Bank,
.
■
DANIEL E. POMEROY, Vice-President, New
i
WILLIAM H. PORTER,
nnnTcn
N. Y.
_
Bank* N- Y*
r,
...
t
York.
^
President Chemical National
w
DANIEL G. REID, Vic^President
Liberty National
eDMUND C. CONVERSE,
President, New York.
I
Bank, N. Y.
HENRY P. DAVISON, J. P. Morgan &
Co., Bankers, I BENJ. STRONG JR.,
Vice-President, New York.
1
u/iitcd
cdcw
„
WALTER r
E. FREW,
Vice-President
FREDERICK
A.
,.
T*. HASKELL,
,
r
Corn
F. SWINNEY,
Exchange j' EDWARD
Bank, Kansas City.
_
Vice-President
^HEPBURN1,'^President*
Edwin S. Schenck, President
Francis M. Bacon Jr.. Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith, Asst. Cashier
James McAllister, Asst. Cashier
W. M. Haines, Asst. Cashier
Capital
$2,550,000
Surplus and Profits $1,700,000
.
Illinois
BARTON
Chase National
Bank, N. Y.
THOMAS W. LAMONT, Vice-President First
National
Bank, N. Y.
QA1ES W. M’GARRAH, President
Mechanics and
Metals National Bank, N. Y.
j
President
First
National
QILg^^ J* ^*ORNE’ Vice-President National Park
EDWARD TOWNSEND,
-
-
H. M. Byllesby & Co.
ENGINEERS
EXAMINATIONS
218 La Salle
and REPORTS
Street, CHICAGO
Portland. Ore.
Oklahoma City. Oklahoma.
Mobile, Ala.
gixrtaends.
Office of
H. M. BYLLESBY &
COMPANY.
Engineers,
Managers,
Chicago.
_
Muncie Island Co. 1st...
gteW H«r*fe
The Board of Directors of the
OKLAHOMA
GAS & ELECTRIC COMPANY of
Oklahoma
City, Oklahoma, has declared a quarterly dividend
of two per cent (2%)
upon
the
common
stock of
the company, payable
by check December 15th
1910 to stockholders of record as of
the close of
business November 30th 1910.
ROBERT J. GRAF, Assistant
Secretary.
H. M.
The
Office of
BYLLESBY & COMPANY,
Engineers,
Managers,
Chicago.
Board
of
Directors of the SAN DIEGO
CONSOLIDATED GAS & ELECTRIC COM¬
PANY of San Diego, California, has
declared a
quarterly dividend of one and three-quarters per
cent (1 HVo) upon the common stock of
the com¬
pany, payable by check December 15th 1910 to
stockholders of record as of the close of business
November 30th 1910.
ROBERT J. GRAF, Assistant
Secretary.
AMERICAN CAR & FOUNDRY COMPANY.
New York, Dec. 5, 1910.
PREFERRED CAPITAL STOCK
DIVIDEND NO. 47
A dividend of One and
Three-Quarters Per Cent
(1 %%) on the Preferred Stock of this
Company
has this day been declared,
payable January 2,
1911. to stockholders of record at the
close of
business December 12, 1910.
Checks will be mailed by the
Guaranty Trust
Company of New York.
S. S. DE LANO. Treasurer.
WM. M.
HAGER, Secretary.
AMERICAN CAR & FOUNDRY COMPANY.
New York, Deo. 6, 1910.
COMMON CAPITAL STOCK
DIVIDEND NO. 33
A dividend of One-half Per Cent
(H %) on the
Common Stock of this Company has this
day been
declared, payable January 2, 1911, to stock¬
holders of record at the close of business
December
President Importers1 & Traders1 National Bank, N. Y.
ALBERT H. WIGGIN, Vice-President Chase
National
“
Bank,
N. Y.
SAMUEL WOOLVERTON, President Gallatin
National
Bank, N. Y.
12, 1910.
Checks will be mailed by the
Guaranty Trust
Company of New York.
S. S. DELANO Treasurer.
WM. M. HAGER. Secretary.
E. C. CONVERSE, President.
B. STRONG JR., Vice-President.
D. E. POMEROY, Vice-President.
F. I. KENT, Vice-President.
F. N. B. CLOSE,
Secretary.
H. W. DONOVAN, Treasurer.
H. F. WILSON JR., Asst.
UNITED STATES REDUCTION
& REFINING COMPANY.
Coupon No. 19 of the First Mortgage Bonds
of this Company, due
January 1st 1911, will be
paid at the office of Messrs. BARUCH BROTH¬
ERS, 42 Broadway, New York.
SPENCER PENROSE, Secretary.
Sec’y.
Deo.
THE CHRONICLE
311910.]
zi
givi&zn&s.
Pay-As-YouEnter Car Corporation
50 CHURCH
Coupons from the following Bonds are payable at the Banking House of
STREET.
New York,
KOUNTZE
December 15 1910.
The Board of Directors have this day declared
a quarterly dividend of one and three-quarters
per cent (1 H%) on the Preferred Stock of this
Company, payable January 14
BROTHERS
Broadway and Cedar Street, New York City,
1911 to stock-
ARIZONA
PHOENIX CITY, ROAD 5s.
PIMA CO., SCHOOL DIST. NO.
holders of record at the close of business Decem¬
ber 31 1910.
Checks will be mailed by the
Standard Trust Company of New York.
LOS ANGELES, CITY OF,
NEW YORK.
PAYABLE IN
SACRAMENTO
CO. (ISSUE OF 1908).
ROAD, BRIDGE. COURT HOUSE.
WATTS, CITY OF.
THE ASSOCIATED MERCHANTS CO.
Hoboken, N. J., December 29, 1910.
A regular quarterly dividend of One and One-
COLORADO—
ALAMOSA, TOWN OF, COLORADO.
ASPEN CITY.
ARAPAHOE CO. SCHOOL DISTRICTS.
ARCHULITA CO.
BACA CO.
Suarter
Cent and an
additional
quarterly
Ivldend Per
of One-Quarto*
Per Cent
on the
of One
First Preferred Stock, also a regular quarterly
dividend of One and One-Half Per Cent and an
additional quarterly dividend of One-Quarter of
One Per Cent on the Second Preferred Stock,
will be paid January 16th, 1911, to the holders of
the Preferred Stocks of this company of record
at twelve o’clock noon, Saturday, January 7th,
1911.
MOSES ELY, Secretary.
BRUSH, TOWN OF.
COSTILLA CO.
CHEYENNE CO.
DELTA CO.
EVANS, TOWN OF.
FLORENCE CITY.
FORT MORGAN, TOWN OF.
FREMONT CO. SCHOOL DISTRICTS.
GOLDFIELD CITY.
JEFFERSON CO. SCHOOL DISTRICTS.
UNITED STATES WORSTED COMPANY
LAFAYETTE, TOWN.
LA PLATA CO.
LARIMER CO. SCHOOL DISTRICTS.
LAS ANIMAS CO.
MESA CO. AND SCHOOL DISTRICTS.
MINERAL CO.
100.Fifth Avenue, New York
A quarterly dividend of 1 % % on the Pre¬
ferred Stock has been declared by the Board of
Directors, payable January 15th, 1911, to Stock¬
holders of record January 2d, 1911.
Books close
MONTROSE, WATER WORKS 5s.
American
Four
RIFLE, TOWN, COLO. (Jan. 16).
ROCKY FORD CITY.
ROUTT CO.
SAN MIGUEL CO. & SCHOOL DISTRICT
NO. 1.
WELD CO.
Telephone & Telegraph Co
Per Cent Collateral Trust
IDAHO—
Coupons from these Bonds, payable by their
January 1, 1911, at the office of the
Treasurer in New York, will be paid by the Man¬
hattan Trust Company, 113 Broadway.
WILLIAM R. DRIVER, Treasurer.
American
A dividend of Two
paid
on
Dollars
Monday, January
holders of record
at
16,
EUGENE, CITY OF.
WEBB CITY
(FUNDING).
Montana—
share will be
1911, to stock¬
HURON, CITY OF.
UTAH—
LEWISTOWN, CITY OF.
WYOMING—
CASPER, TOWN OF, WATER.
GUERNSEY, TOWN OF.
MEETEETSE, TOWN OF.
UINTA CO. & SCHOOL DISTRICT NO. 1.
MANTI CITY, SCHOOL DISTRICT.
SPRING, CITY OF.
NEBRASKA (Fiscal Agency)—
AURORA CITY.
The New River
BEEMER, VILLAGE OF.
Company
BUFFALO CO. & SCHOOL DISTRICTS.
BURT CO.
BUTLER CO.
CASS CO.
CENTRAL CITY.
CLAY CO.
COLFAX CO.
CRETE CITY.
CUMING CO. SCHOOL DISTRICTS.
CUSTER CO. PRECINCTS.
DAVID CITY.
DAWSON CO.
Coupon Number 3, due January 1st, 1911, will
THE UNITED STATES FINISHING COMPANY.
320 Broadway, N. Y., December 15, 1910.
PREFERRED STOCK DIVIDEND NO. 46
The Board of Directors have this day declared
the regular quarterly dividend of One and ThreeQuarters Per Cent (1 H%) upon the Preferred
Stock of this Company, payable January 2, 1911,
to Stockholders of record at the close of business
Deoember 21, 1910.
The Board of Directors have this day declared
dividend of One Per Cent (1%) upon the
Common Stock of this Company, payable January
2nd, 1911, to stockholders of record at the close
of business Deoember 21, 1910.
F. S. JEROME. Treasurer.
CORPORATIONS—
BOX, BUTTE CO.
be paid at the office of the Federal Trust Com¬
pany, 8i Devonshire Street, Boston. ■
GEORGE W. BUNTON, Auditor.
COMMON STOCK DIVIDEND NO. 8.
WESTON CO.
BOONE CO.
First Mortgage Collateral Trust 5% Conver¬
tible Gold Bonds With Sinking Fund
181 La Salle
Street, Chicago
The Board of Directors of Public Se¬
curities Company has declared a semi¬
annual dividend of three and one-half
cent (3^%) upon the outstanding
7% cumulative Preferred shares of the
company, payable by check January 1
per
JOSEPH H.
as
at the
ROY, Secretary.
A
CHARLES A. HUBBARD, Treasurer.
PITTSBURGH COAL COMPANY.
Pittsburgh, Pa., Deoember 28, 1910.
DIVIDEND.—The Board of Directors has this
a dividend of ONE AND ONE-
day declared
Office of
THE
UNITED
GAS
IMPROVEMENT
N. W. Corner Broad and Arch Sts.
CO.
Philadelphia, Deo. 14 1910.
The Directors have this day declared a quarterly
dividend of two per cent ($1.00 per share), payable
January 14 1911 to stockholders of record at the
close of business December 31 1910. Checks will be
mailed.
LEWIS LILLIE. Treasurer.
INTERNATIONAL PAPER COMPANY
A dividend of ONE-HALF OF ONE PER
CENT on the Preferred Stock has been declared,
on January
the Preferred
§|UARTER
PER CENT
took, out of (1H)
the earnings,
payable
25th,
16th,
1911, oftobusiness
Preferred(3 P.
Stockolders of
January
record at
the close
M.)
1911, to stockholders of record at the close of Eayable
business
January
14th,
DIST.
Paterson, N. J.
The Board of Directors have declared a Quar¬
terly Dividend of 3J* per cent on the Capital
Stock of this Bank, payable January 3d 1911 to
the stockholders of record at the close of busi¬
ness December 22d 1910.
THE
PUBLIC SECURITIES COMPANY
DIVIDEND NO. 46
Deoember 24 1910.
TWIN CITY TELEPHONE CO. 5s.
HOOD RIVER (OREGON) IRRIGATION
WHITFIELD W. SMITH,
Cashier.
COMPANY close of business December 24 1910.
quarterly dividend of two per cent on the
capital stock of this company has been declared,
payable January 14 1911 at the office of the
Treasurer, 131 State Street, Boston, Mass., to
stockholders of record at the close of business
PRODUCERSTRANSPORT. CO. OF CAL.
112th Dividend.
McCOY&COMPANY
1911 to stockholders of record
FRUIT
Mtg. 6s.
GLENDORA IRRIGATION CO.
NAT’L LOAN & INVESTMENT CO. OF
DETROIT (Debentures) .»
FIRST NATIONAL BANE
NOTICE OF DIVIDEND
UNITED
ASHLAND ELECTRIC LIGHT.
CENTRAL OF GEORGIA EQUIPMENT
TRUST SERIES I.
COVINA VALLEY GAS.
ERIE ELECTRIC MOTOR CO. 1st & 2d
OFFICE OF
a
THE UNITED STATES FINISHING COMPANY.
320 Broadway, N. Y., December 15, 1910.
Coupons
No. 13, due January 1, 1911, on
Consolidated Mortgage 5% gold bonds of this
Company wlU be paid at the office of The Trust
Company of America, 37 Wall Street, New
York City.
Coupons No. 19/due January 1,'1911, on First
Mortgage 5% bonds of The Sterling Dyeing &
Finishing Company will be paid at the office of
The Trust Company of America, 37 Wall Street,
New York City.
F. S. JEROME, Treasurer.
PENDLETON CITY.
SUISLAW, PORT OF.
UNION CO. SCHOOL DISTRICT NO. 13.
SOUTH DAKOTA—
BOZEMAN CITY.
FERGUS CO.
MILES CITY.
WHITE SULPHUR
DRIVER, Treasurer.
EDUCA-
NEWBERG CITY.
MISSOURI—
close of business on Satur¬
R.
POCATELLO CITY.
WORTHINGTON ELECTRIC LIGHT.
day, December 31, 1910.
WM.
LEWISTON, CITY OF.
COOS CO.
COTTAGE GROVE CITY.
DALLAS CITY.
ELGIN CITY.
RIGBY. VILLAGE OF.
MINNESOTA—
per
OF
OREGON—
KOOTENAI CO. FUNDING.
Telephone & Telegraph Co.
BOARD
CANTON CITY.
OTTAWA CITY.
GOODING, VILLAGE OF.
IDAHO FALLS, CITY OF, 6s.
terms on
CHAVES CO.
EDDY CO.
ROSWELL CITY
TION.
SAN JUAN CO.
TORRANCE CO.
OHIO—
BEAR LAKE CO.
BINGHAM CO.
BOISE CO.
Bonds.
FREMONT, CITY OF.
FURNAS CO.
GAGE CO.
GRAND ISLAND CITY & SCHOOL DIST.
HASTINGS CITY.
HITCHCOCK CO.
HOWARD CO.
LINCOLN CITY.
LINCOLN CO.
LONG PINE, VILLAGE OF.
MADISON CO.
NEMAHA CO. SCHOOL DISTRICTS.
NORFOLK CITY.
NUCKOLLS CO.
OMAHA CITY.
OMAHA CITY SCHOOL DISTRICT.
OSCEOLA VILLAGE.
OTOE CO.
PAWNEE CITY.
PLATTSMOUTH CITY.
RICHARDSON CO. SCHOOL DISTRICTS
SALINE CO.
SOUTH OMAHA CITY.
SUPERIOR CITY.
TECUMSEH CITY.
WASHINGTON CO.
& SCHOOL DISTRICT NO. 1.
WOOD RIVER, CITY OF.
NEVADA—
RENO. CITY OF.
NEW MEXICO—
OTERO CO.
PITKIN CO.
January 2d, 1911, and reopen January 16th, 1911.
P. ROBERT Q. SJOSTROM. Treasurer.
JANUARY 3, 1911
DOUGLAS CO.
FILLMORE CO.
1.
CALIFORNIA—
WM. A. KERR, Ass’t Treasurer.
on
NEBRASKA (Fiscal Agency)—
Transfer books will remain
Cehcks mailed.
E. W. HYDE, Secretary.
MARKET
AND FULTONJ NATIONAL
BANK.
New York, December 20 1910.
A QUARTERLY dividend of Three Per Cent
upon the capital stock of this bank has been
declared, payable, free of tax, on and after
January 3d 1911. The transfer books will re
main closed from December 24th 1910 until
January 3d 1911.
T, J. STEVENS, Cashier.
THE HANOVER NATIONAL BANK OF
THE CITY OF NEW YORK
New York, December 23, 1910.
The Board of Directors have this day declared
a"quarterly dividend of FOUR PER CENT, free
of tax, payable on and after January 3d, 1911.
The transfer books will remain closed until that
date.
ELMER E. WHITTAKER. Cashier.
GIRARD TRUST COMPANY.
148th Semi-Annual Dividend
At a meeting of the Board of Managers, held
this day, a dividend of SEVENTEEN (17%)
PER CENT was declared, payable on January 3,
1911, to stockholders of reoord on the books of the
Company at the dose of business Deoember 17,
1910.
Checks for dividends will be mailed.
C. J. RHOADS. Treasurer.
_Philadelphia, Pa., December 15, 1910.
THE CITIZENS’ CENTRAL NATIONAL BANK
OF NEW YORK
New York, December 16, 1910.
The Board of Directors has this day declared
a quarterly dividend of One and One-Half Per
January 5th, 1911.
1911.
F. J. LeMOYNE,
Secretary
open.
•
•
•
■
business December 28, 1910.
ALBION K. CHAPMAN. Cashier.
XII
THE CHRONICLE
(VOii.
UXX.X3L1.
dividends*
glvi&m&s.
WINSLOW, LANIER & CO.
Coupon
Due and Payable at
59 CEDAR STREET,
THE TRUST COMPANY OF AMERICA
37-43 WALL
STREET, NEW YORK
On and after January 1st, 1911
American Sienna Marble Co. 1st 6s.
Atlantic Avenue RR. Co. Imp. 5s.
Atlantic & Danville Ry. Co. 2d 4s.
Broadway & Newport Bridge Co. 1st
5s.
Buffalo & Lockport Ry. Co. 1st 5s.
Buffalo Brewing Co. 1st 6s.
Cedar River Water Supply Fund war¬
rants, Series 1 and 2.
Cedar
HOUSE
Connecticut Power Co. 1st 5s.
Connecticut Railway & Lighting Co.
Nassau Elec. RR. Co. 1st Cons. 4s.
Nazareth Cement Co. 1st 5s.
Neuse River Mills 1st 5s.
New London Gas&El. Co. 1st Cons.5s.
New York Butchers Dressed Meat
Company 1st 6s.
Niagara Falls Gas & Elec. Co. 1st 5s.
Norfolk Warehouse Assn. 1st 5s.
Norfolk Warehouse Corp. Cons. 5s.
Oil City Boiler Works 1st 6s.
Pneumatic Transit Co. 1st 5s.
Port Townsend, Wash., City of, Mu¬
1st 5s
Schoharie
Light & Power Co. 1st 6s.
Refunding 4^s.
Seattle, Wash.,City of, Municipal Lt.
Consolidated Lighting Co. S. F. 5s.
Seattle, Wash., City of, City Jail.
Consolidated Ry. & Power Co. 1st 5s. Seneca Falls & Waterloo Gas
Light
Co: 1st 5s.
Corning Gas & Electric Co. 1st 5s.
Dawson Railway & Coal Co. 1st & Spokane, Wash.,
City of, Bridge.
Coll. Trust 5s.
Spokane, Wash., City of, Water Wks.
Des Moines Iowa Falls & Northern Spokane,
Wash., City of, Water
Ry. Co. 1st 5s.
Works, additional and extension.
East Side Electric Ry. Co. of Kansas Spokane County,
Wash., S. D. 81.
Standard Gas & Electric Co. of
City 1st 5s.
El Paso Union Passenger Depot Co.
Raleigh, N. C., 1st 5s.
1st 5s.
Sterling Dyeing & Finishing Co. 1st5s
El Paso & Rock Island Ry. Co. 1st 5s. Steubenville
Mingo & Ohio Valley
Fries Mfg. & Power Co. 1st 5s.
Traction Co. 1st 5s.
Frontier Telephone Co. 1st 5s.
Syracuse Light & Power Co. “Col¬
Globe Navigation Co. 1st 5s.
lateral” 5s.
Globe Navigation Co. Matured bonds Tacoma, Wash., City of,
Bridge.
Hudson Navigation Co. Deb. 5s.
Tacoma, Wash., City of, Lt.*fc Power.
Hudson Navigation Co. Called Bds.
Tacoma, Wash., City of, Water.
Hutton Co., The, 1st 3-95-100s.
Tannersville Water Co. 1st 5s.
Hydraulic Power Co. 1st & Ref. 5s.
Telluride Power Co. 1st 6s.
Traders' Paper Board Co. 1st 6s.
Indianapolis Nor. Trac. Co. 1st 5s.
International Acheson Graphite Co. Union Trac. Co. of Indiana Gen. 5s.
1st 5s.
United Box Board&Paper Co. Gen. 6s.
Interocean Telep. & Teleg. Co. 1st 5s. United States
Finishing Co. Cons. 5s.
Isbell Porter Co. Cons. 5s.
Vanderbilt Realty Imp. Co. 5s.
King County, Wash., School Dists. Walla Walla, Wash., City of, City
Nos. 1, 29 and 66.
Hall.
King County, Wash., Court House., Western New York & Pennsylvania
Kittitas County, Wash., Funding.
Traction Co. 1st 5s.
La Salle Water-Works Co. 1st 5s.
Whatcom County, Wash., Funding.
Lowe Manufacturing Co. 1st 6s.
Whitman County, Wash., S. D.No.l.
Macon Railway & Light Co. 1st 5s.
JANUARY 2, 1911.
Medina Gas Co. (July 1 1910) 1st 5s.
Racine Gas Light Co. Cons. 5s.
Memphis Warehouse Co. 1st 6s.
Meriden Southington & Compounce Whatcom County, Wash., S. D. 1.
JANUARY 15, 1911.
Tramway Co. 1st 5s.
Milwaukee Office Company 5s.
Cle Elum, Washington, Town of.
Hunter Bros. Paper Co. 1st 5s.
Montgomery, Alabama, City of.
Montgomery Hotel Company 1st 5s. United Box Board & Paper Co. Coll. 6s.
First and
COUPONS DUE AT THE OFFICE OF THE
Seaboard National
18
Bank
Broadway, 5 Beaver Street
JANUARY 1st. 1911
American Clay Machinery Co.
Meridian, Miss., Street Paving.
Bartlesville, Okla., School.
Meridian, Miss., Water-Works
Cattaraugus, Village of
Millen, Ga., Public Improvement.
Chehalis, Wash., Funding.
Morganton, N. C., Graded School.
Cincinnati Dayton & Toledo Trac. Co.
New Albion, N. Y., Town of,
Highway
Coshocton Gas Co.
and Bridge.
East Randolph, N. Y., Village of.
Newton, N. C., Improvement.
Highland Park School District, County Ocala, Fla., City of.
of Henrico.
Hotchkiss, Colo., Water-Works.
Hubbard, Texas, City of.
Jacksonville, Tex., Independent School.
Jefferson, Tex., City of, Water-Works.
Johnston Land Co., D. S. B.
Lenoir, N. C., Street Improvement.
Lincolnton, N. C., Water & Sewer.
Luckey School Sub-District.
Marion Co., Texas, Public Debt.
Meridian-Ada Co., Idaho, Water.
Meridian, Miss., School House.
ON
AND
AFTER
JANUARYgl. 1911
River Water Supply, Series
1, Bonds Nos. 502-533, incl.
Chattanooga Iron & Coal Co. 6s.
Chehalis County, Wash., S. Ds. 5 & 6.
nicipal.
Citizens' Water Supply Co. of New¬ Publishers Paper Co. 1st 6s.
town 2d 4s.
Publishers Paper Co. Matured Bonds.
Clarke County, Wash., Funding.
Quincy, Manchester, Sargent Co. 1st
6s.
Columbia, Wash., Town of, Water.
Confectioners' Mfg. Co. 1st 5s.
Rock Island-Frisco Terminal Ry. Co.
No.
NEW YORK.
THE FOLLOWING COUPONS AND DIVI¬
DENDS ARE^PAYABLE ’AT OUR BANKING
Olean, N. Y., Board of Education.
Pasco Reclamation Co.
Pasco Fruit Lands Co.
Blackford
County, Ind., Court House 5s
Bedford, Indiana, Refunding Bonds
•
Registered Bonds
Dallas County, Iowa, Court House 4s •
Grant County, Indiana, Annual 5%
Bonds
Grand Rapids & Indiana Ry. Co. 1st
•
Refunding
Mtge. Ext.
4 }^s and 3Hs
Hartford City, Ind., School 4Hs
Indianapolis, Ind., City of
Jekyl Island Club 1st Mtge. 4 J^s
Louisiana, State of, 4% Consols *
Muskegon Grand Rapids & Indiana Ry. Co. IstJ 5s
Marlon County, Indiana, Bridge Bonds •
Northern Pacific Terminal Co. of Oregon 1st 6s
New Orleans, La., City of. Constitutional and
Improvement 4s
Niagara Falls Power Co. 1st 5s
Niagara Falls Water-Works Co. 1st 5s
Pittsburgh Ft. Wayne & Chicago Ry. Co.Ilst
Mforp
7«3
SpripQ “A”
Pittsburgh’
Ft. Wayne &
Mtge. 7s, Series “G”
Pittsburgh Ft. Wayne &
Special Guaranteed Stk.
Peru, Indiana, School 4 Hs
Traverse City RR. Co. 1st
Chicago Ry. Co. 2d
Chicago Railway Co.
div., 1 %% quarterly
and Funding 5s
6s
JANUARY 3, 1911
Pittsburgh Ft. Wayne & Chicago Railway Co.
Regular Guaranteed Stk. Div., 1 %%, quarterly
Vera Cruz & Pacific R. R. Co.
1st Mortgage 4 H % Gold Bonds.
Coupons due January 1st 1911 of the above
Bonds will be paid on and after that date at our
office.
SPEYER & CO.,
24-26 PINE STREET.
New York, December 31st 1910.
The Kansas City Southern Railway Co.
No. 25 Broad St., New York, December 20, 1910.
A quarterly dividend of ONE PER CENT (1%)
has tnls day been declared upon the Preferred
Stock of this Company, from surplus earnings of
the current fiscal year, payable January 16, 1911,
to stockholders of record at 12:00 o’clock noon.
December 31, 1910.
Checks for the dividend will be mailed to stock¬
holders at the addresses last furnished to the
Transfer Office.
G. C. HAND, Secretary.
OULF & SHIP ISLAND RAILROAD CO.
First Refunding & Terminal Mortgage Bonds
Coupons and Registered Interest Checks cover¬
ing interest due January 1st, 1911, and prior
thereto, on the above bonds, will be paid by the
Metropolitan Trust Co., Fiscal Agents, 49 Wall
St., New York City.
R. E. POWERS,
•
Treasurer.
CHICAGO
INDIANAPOLIS
&
LOUISVILLE
.^RAILWAY COMPANY.
No. 52 Broadway,
New York, N. Y., Dec. 28
1910.®
Coupons of the Refunding Mortgage, Six, Five
Company, due
January 1 1911, will be paid at the office of Messrs.
and Four Per Cent Bonds of this
J. P. Morgan & Co., 23 Wall Street, New York.
J. A. HILTON, Secretary.
<£erfna.KtuzKSlxips.
N. E. Cor. Third A Chestnut
Streets,
Philadelphia, December 31, 1910. •
The undersigned beg to announce that the
firm of SAILER & STEVENSON has this day been
dissolved by mutual consent.
Either partner
will sign In liquidation.
JOHN SAILER,
GEORGEiSTEVENSON.
N. E. Cor. Third A Chestnut Streets,
Philadelphia, January 2, 1911.
The undersigned beg to announce that they
have this day formed a partnership under the
firm name of
SAILER & STEVENSON, for the
transaction of a general brokerage and Investment
business in stocks, bonds and high-grade securi¬
ties, at the above address.
GEORGE B. STEVENSON,
JOHN M. SAILER,
CHARLES S. PATTON.
New York, January
3, 1911
The undersigned beg to announce that they
have this day formed a co-partnership under
the firm name of
HIRSCH, LILIENTHAL & CO.,
banking and
for the transaction of a general
commission business, with offices
at
No.
11 &
Broadway.
CHARLES S. HIRSCH.
JOSEPH L. LILIENTHAL,
Members N. Y. Stock Exchange.
THEODORE BERNSTEIN.
Pawhuska, Board of Education.
San
Angelo, Texas, Ward School
Bldg.
Falls, S. D., Water-Works.
Springville, N. Y., Water & Electric.
Toledo Fayette & Western Ry.
Toledo & Western Ry.
•
Canal-Loulslana Bank & Trust Co. Dividend 3%
Cleveland & Pittsburgh RR.Co.General Mtge.M J^s
Cleveland & Mahoning Valley Ry. Co. Cons. Mtge.
5% Coupon Bonds
•
•
Cleveland & Mahoning Valley Ry. Co. Cons/Mtge.
Sioux
Tonawanda, N. Y., Sewer.
Winona Gas Light & Coke Co.
Mr. George Lee Peabody retires from our
firm as of December 31st, 1910, on account
of ill-health.
a
Mr. Francis Lee Hlgginson, Jr., becomes
partner of our firm as of same date.
LEE, HIGGINSON & CO
•
Deo. 31 Is'to. |
THE CHRONICLE
•Diutden tls.
giviAteuA*.
an &Trust do
16, 18, 20 and 22 William Street,
TheFarmer >’ L
New York
Bonds and Coupons Maturing
January 1, 1911
City.
COUPONS AND DIVIDENDS DUE IN JANU¬
ARY ARE PAYABLE AT THIS OFFICE ON
AND AFTER JANUARY 1ST. 1011. AS
FOLLOWS:
Atlanta Birm. &
Payable at the Office of
Central Trust
Atlantic RR.l
Georgia Terminal Co.
[Receivers' Ctfs.
Alabama Ter. Ry. Co.
J
Alabama Great Southern RR.
American Water Supply Company of Kankakee
Anderson Electric Street Railway Company
Akron Water Works Company
Albion Water Works Co.
Athens Railway & Electric Co.
Bismarck Water Supply Company
Butler Water Company
Burbank Power & Water Company
Butler Water, Light & Power Co.
Central Brewing Company
Caro Water Works Company
Consolidated Street Ry. Co. (Memphis)
Commercial Cable Company
Consumers' Park Brewing Company
Constitution Publishing Company
Dayton Union Railway Company
Durham & Southern Railway Company
East Greenwich Water Supply Company
East St. Louis City Water Company
El Paso 6s Southwestern Railroad Co.
Ellsworth Collieries Company (Bonds)
Flelschman Realty & Construction Co.
Hampshire Southern Railroad Company
Herkimer Mohawk Illon & Frankfort Elect.
Ithaca Street Railway Company
Iowa City Water Company
Keokuk Water Works Company
of New York
BONDS
Payable December 31st
Mount Morris Electric Light Co.
Prin. & 4 Mos. Int. First Mtge. 5%
Payable Jannary 3rd
Chesapeake & Ohio Railway Co.
Prin. & 3 Mos. Int.
First Mtge. 6%
Minneapolis Street Railway Co. and St. Paul City Railway Go.
General Mtge. 5%
Ry.Co.
St. Louis & San Francisco Railroad Co.
Equipment Notes, 5%
Wabash Ry. Co.—Detroit & Chicago Extension—Called Bonds.
COUPONS
New Orleans & Northeastern Railroad Company
Newcastle & Shenango Valley Railroad Co.
New York & Cuba Mall SS. Co. 1st 5s
Olean, City of
Omaha Water Company
Orange County Lighting Company 6s
Pennsylvania & Maryland St. Ry.
Albany Railway Co.
Consolidated 5%
Ashtabula Rapid Transit Co.
First Mortgage 6%
Atchison & Eastern Bridge Co.
First Cons. Mortgage 4%
Atlantic Coast Electric Railway Co.
General Mortgage 5%
Birmingham Railway & Electric Co.
First Mortgage 5%
Bridgeport Gas Light Co.
First Mortgage 4%
Brooklyn Rapid Transit Co.
First Refunding 4%
Bernards, Township School 5%
Chicago Junction Ry. & Union Stock
v
Portsmouth & Suffolk Water Company
Red River Valley Company
Richmond Beach & Railway Company
St. Louis & Cairo Railroad Company
South Yuba Water Company Consolidated Mtge.
Santa Lucia Company Tarboro Cotton Factory
Terre Haute & Indianapolis RR. Company
Toledo Walhondlng Valley & Ohio RR. Co.
Temple Electric Light Company
Third Avenue RR. Co. 5s
Union Utilities Co.
Union Depot Company. Columbus, Ohio
Vanderburgh County, Indiana
Watkins, Jabez B.
Warren Water Company
Wayne Cotton Mills
Washington Water Power Company
Yards Co.
Coll. Trust 5%
JANUARY 2ND, 1911
Chattanooga City Water Company
County of Vanderburgh, Indiana
East St. Louis & Granite City Water Company
Chicago Gas Light & Coke Co.
First Mortgage 5%
JANUARY 15TH, 1911
Louisiana Water Company
Minneapolis Lyndale & Minnetonka Railway Co.
Carbondale Traction Co.
First Mortgage 6%
Minneapolis Street Railway Company
St. Paul City Railway Company
JANUARY 20TH, 1911
Pekin Water Works Co.
JANUARY 31ST, 1911
Parsons Water Supply & Power Company
DIVIDENDS
JANUARY 2ND, 1911
Twin City Rapid Transit Company Preferred
Twin City Rapid Transit Company Common
Duluth Superior Traction Company Preferred
Duluth Superior Traction Company Common
JANUARY 5TH, 1911
Detroit Hillsdale & Southwestern RR. Company
JANUARY 25TH, 1911
Pittsburgh Cin. Chic. & St. Louis Ry. Preferred
Pittsburgh Cin. Chic. & St. Louis Ry. Common
MINNEAPOLIS & ST. LOUIS RAILROAD CO.
Coupons due January 1 1911 from Des Moines
& Fort Dodge Railroad Company First Mortgage
four per cent Bonds vlll be paid after that date
upon presentation at the office of the company,
25 Broad Street, New York.
....
F. H. DAVIS, Treasurer.
Attorney, 12 years' real testate experience,
management o
estates *or property.
Legal services included free of charge. Moneys
to net on first mortgages 5 to 5 h % and on second
mortgages 6 to 9%. Best refeietices and bond
desires
Biven.958,Address
N. Y. P. F. R., carelt hronicle, P. O.
ox
liquidation.
The
VOLUNTARY LIQUIDATION
«
Witherspoon National Bank located at
Lawrenoeburg in the State of Kentucky. Is closing
Its affairs.
All noteholders and other creditors
of the association are therefore hereby notified
to present the notes and other claims for payment.
This December,13th, 1910.
*
W G. WITHERSPOON, Cashier.
Company
54 WALL STREET
Kinney Steamship Co. (Str. J. S. Ashley)
Kokomo Water Works Company
La Crosse, City of
Lake Superior & Ishpemlng Ry. Co.
Lake Sup. & Ishpemlng Ry. Co. (called bonds)
Mobile & Ohio RR. Co. Extension 1st Mortgage
Mobile Light & Railroad Company
Mosler Safe Company
National Starch Company
and
xin
Corrigan Consolidated Street Ry. Co.
First Mortgage Sink. Fund 5%
Chicago Hammond & Western Ry. Co.
First Mortgage 6%
Chicago South Bend & Nor. Ind. Ry.
First Mortgage 5%
Consumers’ Light, Heat & Power Co.
(Topeka, Kan.)
First Mortgage 5%
Cincinnati Hamilton & Dayton Ry. Co.
Purchase Money Notes 4%
Duluth Missabe & Northern Ry. Co.
Consolidated First Mortgage 6%
Duluth Missabe & Northern Ry. Co.
First Div. Mortgage 6%
Eastern Pennsylvania Rys. Go.
First Mortgage 5%
Fargo Water & Steam Co.
Sink. Fund First Mtge. 7%
Fort Street Union Depot Co.
First Mortgage 4^%
Fort Street Union Depot Co.
Second Mortgage 5%
Harriman & Northeastern Ry. Co.
First Mortgage 6%
Houston Belt & Terminal Ry. Co.
First Mortgage 5%
Indiana Decatur & Western RR. Co.
First Mortgage 5%
Memphis Street Railway Co.
Consolidated Mortgage 5%
Minneapolis Street Ry. Co. and The
St. Paul City Ry. Co.
General Mortgage 5%
Metropolitan West Side Elev. Ry. Go,
Extension Mortgage 4%
Memphis Consol. Gas & Electric Co.
Consol. & Refunding 5%
Merchants Power Co.
First Mortgage 5%
New
Telephone Co.
First Consol. 5%
N. Y. & Westchester
Debentures 5%
Lighting Co.
N. Y. & Westchester Lighting Co.
General Mortgage $10.00 each
Pawtuxet Valley Elec. St. Ry. Co.
First Mortgage 5%
Pittsb. Shenango & Lake Erie Ry. Co
Consol. First 5%
Pratt Consolidated Coal Co.
First Mortgage 5%
Pittsburgh Gas & Coke Co.
First Mortgage 5%
Roane Iron Co. 6%
Southern Boulevard RR. Co.
First Mortgage 5%
St.
Joseph & Grand Island RR. Co.
First Mortgage 4%
Shawnee Lighting Co.
First Mortgage 5%
St. Louis & San Francisco RR. Co.
Equipment Notes, 5%
Toledo & Ohio Central Ry. Co.
First Mortgage 5%
Triple State Natural Gas & Oil Co
First Mortgage 6%
Tri-City Ry. & Light Co. and Daven¬
port & Muscatine Ry. Co.
First &
Refunding 5%
Union Carbide Go.
First Mortgage
6%
Utica Gas & Electric Co.
Refunding and Extension 5%
Wabash Railroad Co.
Detroit & Chicago
Extension 5%
Wheeling & Lake Erie Ry. Co.
Wheeling Division 5%
Walker Co.
First Mortgage
6%
DUE JANUARY 6
Kings County Lighting Co.
Cohoes Co. 6%
First Refunding 5%
DUE JANUARY 16
Leavenworth Term. Ry. & Bridge Co.
First Mortgage 5%
Dardanelle & Russellville Ry. Co. 6%
XTT
THE CHRONICLE
[Voi>.
LXXXXI
JliuicLetxtfs.
Coupons Maturing January, 1911
Payable at the Office of
N. W. Harris &
Company
Pine Street, Corner William, New York
Also Payable at
N. W. Harris &
or
at
the Office of
Company, Boston
our
Chicago Correspondent
Harris Trust &
FIRST
Albert Lea.
Minn., Refunding
Albuquerque, N. Mex., Board of Edu¬
cation, School Building
Albuquerque, N. Mex., Funding
Albuquerque, N. Mex., General Street
Improvement
Ames, la., Water Works
Atlanta, Birmingham & Atlantic Rail¬
road Co., Equipment
Berryville, Va., Water Works
Boulder, Colo., Water Works
Bozeman, Mont., Funding 2d Series
Broadwater County, Mont., Funding
Buffalo & Susquehanna Railway Co.,
Gold Equipment Series “A”
Cascade County, Mont., Court House
Cascade County, Mont., Funding
Centerville, la., Refunding 4s
Centerville, la., Refunding 5s
Chariton, la., Funding (annually)
Chippewa Valley Railway, Light &
Power Co., Eau Claire, Wis., First
Mortgage Gold
Clallam County, Wash., School Dis¬
Savings Bank
FIRST (Continued)
Great Falls, Mont., Water Works
Green Bay, Wis., Refunding 4s
Green Bay, Wis., Sewer 4s
Greenville, Ill., Refunding
Griffin, Ga., Electric Light
Hamblen Co., Tenn,, Turnpike Road
Ha warden, la., Independent School
District, School Funding
Hot Springs, S. Dak., School
Hyattsville, Md., Sewerage
Iowa Falls, la., Refunding
Jefferson County, Wash., Funding
(annually)
Keokuk, la., Refunding
King County, Wash., School District
No. 18 7s
FIRST (Continued)
Snohomish County, Wash.,
District No. 1
School
Spalding County, Ga., Public Im¬
provement
Sparta, Ga., School Building
Spartanburg, S. Car., Funding
Spartanburg County, S. Car., County
Refunding 4J^s
St. Joseph, Mich., Bridge
Sumter, S. Car., Sewerage
Tacoma Eastern Railroad Co. (Wash.)
First Mortgage Gold
Tullahoma, Tenn., Electric Light
Tullahoma, Tenn., Water and Light
Tullahoma, Tenn., Water Works
Utica Electric Light & Power Co.,
First Mortgage Gold
Valley County, Mont., 43^s
Waitsburg, Wash., Water Works
Watchemoket, R. I., Fire Department
West Hoboken, N. J., Funding
White Plains, N. Y., School District
Knoxville, Tenn., Street Improvem’t
La Salle, Ill., Board of Education,
School Dist. No. 2, School Building
Lincoln, Ill., Refunding
Macon County, Ill., Court House
Madison, la., Water Works
No. 1
Marshalltown, la., Refunding
White County, Tenn., 5s
Maywood, Ill., Funding
trict No. 7
Monmouth, Ill., Water Works
Wilmette, Ill., General Street Impt.
Cleveland Railway Co., Cleveland, 5% Morristown, Tenn., Water Works Imp. Wilmette, Ill., Street Improvement
Mount Airy, N. Car., Water Supply, Winnetka, Ill., School District No. 2
Mortgage
Clifton Forge, Va., Bridge
Electric Light and Power Plant
Woodlawn, Ala., Refunding
Clinton, la., Funding and Refunding Moweaqua, Ill., School Building
Yellowstone County, Mont., School
Colorado Springs, Colo., School Dis¬ Muskegon, Mich., General Street Imp.
District No. 2, School Building
trict No. 11, Refunding
Muskegon, Mich., Refunding 4^s
(Billings)
Colorado Springs, Colo., Sewer, Re¬ Muskegon, Mich., Refunding 4s
SECOND
Ottawa Gas Light & Coke Co., Ot¬
funding and Water
Armour, S. Dak., Independent School
Cook County, Ill., School District
tawa, Ill., First Mortgage Gold
District, School Building
No. 25 (Arlington Heights)
Owosso, Mich., Water Works
Florence, Colo., Water Works Re¬
Cook County, Ill., SchooljgDistrict Pecatonica, Ill., Board of Education,
funding
No. 99 (Morton Park)
District No. 6, School Building
Garrard County, Ky., Turnpike Road
Cook County, Ill., School District Plum Bayou, Ark., Levee District, Hot
Springs, S. Dak., City Hall
No. 170 (Chicago Heights)
Levee
Kalispell,
Mont., Refunding
Coos County, N. H., Court House
Pontiac Township, Ill., School Dis¬
Poplar Bluff, Mo., School District,
Cuthbert, Ga., Electric Light
trict, High School Building
School Building
^
Port Huron Light & Power Co., Port
Cuthbert, Ga., Water Works
Temple,
Tex., Public Free School
Danville Street Railway & Light Co.,
Huron, Mich., First Mtge. Gold
Building, Series No. 4
Danville, Ill., Refunding Mtge. Gold Portland General Electric Co., Port¬
SIXTH
Denison & Sherman (Texas) Railway
land, Ore., First Mortgage Gold
Waukegan,
Ill.,
Funding
Powell
Co., First Mortgage Gold
County, Mont., Funding
THIRTEENTH
Derry, New Hampshire, Water
Princeton, Mo., Refunding
Union Light & ’Phone Co. 6s, Crystal
Dexter, Mo., School Dist, School Bldg Pullman, Wash., Water Works
Elbert County, Ga., Court House and Redwood Falls,
Lake, Ill.
Minn., Refunding
Jail (annually)
Richmond, Ky., School
FIFTEENTH
Elmwood, Ill., Refunding
Riverside, Ill., School District No. 5 Eugene, Ore., Sewer
Eminence, Ky., 5s
Riverside, Ill., Water Works
Hartford, Wis., Water Works
Eureka Springs, Ark., Series “H,” Rochester, New
Hampshire, City Hall Mount Pleasant, Mich., Water Re¬
Improvement Water Dists., 3, 4, 5 Rosebud County, Mont., Bridge
funding
Evergreen Park, Ill., Refunding
Sandwich, Ill., Municipal Improve¬ Redfield, S. Dak., Independent School
ment (annually)
Fayette County, Ky., Funding
District No. 20, School Building
^
Schiller Co., Chicago, Ill., Gold Mtge. Sauk
Florence, S. C., Sewerage
Center, Minn., School District
Ford County, Ill. (Melvin), School Scranton Electric Co.,
Scranton, Pa.,
No. 6
District No. 58
First and Refunding Mortgage Gold
Sedalia, Mo., School District Funding
Gallatin County, Mont., High School Seattle, Wash., Funding
EIGHTEENTH
Building
Seattle, Wash., Funding First and Pierce
County, Wash., School District
Gallatin County, Mont., Refunding
Second Series
No. 1
Genesee, Ida., Water Works
Seattle, Wash., Sewer
NINETEENTH
Georgetown, Ill., School Dist. No. 177 Seattle, Wash., Sewer Tunnel
Windom,
Minn.,
Electric Light,
Geneva, Ill., Bridge
Sedalia, Mo., School District, School
Water Works and Sewerage
Glencoe, Ill., Improvement
Building
Seneca Falls, N. Y., Refunding
Glenwood, la., Funding (annually)
THIRTY-FIRST
Gorham, N. H., Water Works
Shenandoah, la., Independent School Shelby ville, Ill., Electric Light and
Great Falls, Mont., Sewer
District, Funding
Improvement
January Investments
We own and offer
service corporation
over
200 different issues of
bonds which
we
344% to
Write for circular
carefully selected municipal, railroad and public
recommend for conservative investment at prices to yield
over
5lA%
offerings and Booklet C for investors
De«, 31 M10.]
THE CHRONICLE
gittattcial.
fftaanxlal.
Stone & Webster
147 Milk
Street.
BOSTON
6 Nassau Street
First Natl. Bank Bldg.
CHICAGO
NEW YORK
IT
Devitt, Tremble & Company
BONDS FOR INVESTMENT
We offer for Investment
Securities of
Public Service
Corporations
WE doonly
do a the
not bonds
brokerage
orofcommission
business,careful
and
security
which has had
under the management
of our organization
offer
preliminary investigation, and which
outright, investing our own funds.
yield
to
w*e
have purchased
Our broad
experience, gained in the purchase and sale of
high-grade Municipal, Railroad, Public Service Corporation
and Timber bonds, covering a period of over fourteen
years,
qualifies us to render valuable assistance to prospective
investors, and we tender our services and the facilities
afforded by our organization to persons contemplating Jan¬
uary investments.
5% to 6*A%
Our Manual
describing these companies will be
sent
upon request.
United
our
Rys. of St. Louis 4s
Union El. Lt. A P. Co. of St. L. 1st 5s
Union El. Lt. A P. Co. of St. L. Ref. 5s
Laclede Gas Co. of St. Louis 1st 5s
Descriptive Circulars
First National Bank
Laclede Gas Co. of St. Louis Ref. 5s
Kan. C. Ry. A Lt. 6s A Underly. Sec’s
Request
on
Building
Morris
CHICAGO
Building
PHILADELPHIA
DEALT IN BY
FRANCIS, BRO. & CO.
(ESTABLISHED 1877)
214 North 4th Street, ST. LOUIS
Nederlandsch Administratie- & Trustkantoor
(NETHERLANDS ADMINISTRATION A TRUST COMPANY )
215 Singel - AMSTERDAM. (Holland.)
Cumberland
Telephone &
Telegraph Co. Stock
BOUGHT AND SOLD
GOULDING MARR
H. MEINhSZ, Prealdftnt
Board of Director!!
H. WALTER. L. D..
Chairman,
de Rook A Uyt den Bogaard.
A. A. H. BOISSEVAIN,
Ph. MEES.
Director of Swim Bankvereln and
R. Meet A Zoonen.
of Labouchere. Oyens A Go's Bank.
J. A. DUYNSTEE.
H. MEINESZ.
Teidert A Co.
President.
F. Th. EVERARD.
0. H. DE MAREZ OYENS.
Banker.
Labonchere.Oyeni A Go's Bank.
P. M. J. OILISSEN
A. L. Q. H. PICHOT*
Arnold Glilssen.
Westerwoudt A Co.
AUG. KALFF.
W. M. SCHEURLEER.
Jan KallT A Co.
Soheurleer & Zoonen
„
Broker
NASHVILLE,
-
-
TENN.
Vets
Vets
MUNICIPAL
as
Executor,
Trustee of
Administrator, Trustee,
Corporation Mortgages.
Guardian, Agent, ate.
) 4 o/
i TO° BONDS
RAILROAD
CORPORATION
) 6%
Selected for Conservative Investors.
Lists Mailed
BANKERS
PINE STREET. NEW YORK
Washington
Philadelphia
MELLON NATIONAL BANK
Upon Application.
Lawrence Barnum & Co.
27-29
as
Pittsburgh
PITTSBURGH, PA.
As your reserve depositary, this
bank offers you perfect service and
liberal interest on your balances.
CAPITAL AND
SURPLUS,
#7,000,000
January Investments
We Offer
ESTABLISHED STOCKS
Yielding 4J4 to 7%
MUNICIPAL
AND
CORPORATION
BONDS
Yielding 4 y± to 6%
W. E. HUTTON & CO.
WANTED
Toledo Fremont & Norwalk 6s, 1920
Indianapolis Trac. & Term. 5s, 1933
Union Traction of Indiana Ss. 1919
SAM U ELK. PHILLIPS A CO
421 Chestnut St.
Philadelphia
Members oi Philadelphia Stock
Exchange.
Member* New York Stock Exchange
Established
1886
Wall and Broad Sts., New York.
Private wires to Cincinnati. Chicago, San
Francisco and Los An teles.
R. T. Wilson & Co.
Nevada-Calttornia Power Co. bonds and stock
Denver A N. W. Ry. 6s and stock
Northern States Power Co.
Denver Qas & Electric 6s
Northern Idaho & Montana Power Co.
JAMES N. WRIGHT & CO
DENVER, COLO.
B. W.
Strassburger
S3 WALL STREET
SOUTHERN INVESTMENT SECURITIES
NEW YORK
MONTGOMERY, ALA.
1VI
THE CHRONICLE
[VOL.
LXXXX1
financial.
$130,000
RICHARDSON COUNTY, NEBRASKA,
Drainage District No* \
Maturing serially.
H. C. Spiller & Co.
Interest payable January 1 and July 1.
Specialists in Inactive Bonds.
27 Slate Street
Drainage District No. 1, comprising 29,402 acres of land, situated In Just about the center of
the County, was organized for the purpose of straightening the channel of the Nemaha River, which,
owing to Its very twisting course, occasionally overflows Its banks after an especially heavy and con¬
tinued rainfall.
There is no swamp or waste land in the entire district, and under present condi¬
tions. without drainage, the poorest land sells readily at $30 per acre. The average value of land in
the District Is from $60 to $65 per acre, which should at least be doubled when this
drainage project
Is completed.
spread upon the County Tax Records by the County Clerk and are
same time and In the same manner as State and county taxes.
collected by the County Treasurer at the
The constitutionality of the Nebraska drainage law and all proceedings In respect to the
organi¬
zation of this District have been approved by the Supreme Court of the State of Nebraska.
All
proceedings incident to bond issues have been drawn and approved by Horace S. Oakley, of Wood
6b
Oakley, Chicago.
Having thoroughly investigated this project, the character of the land and the
the District,
we
resources
due
due
due
due
due
July
July
July
July
1.
1.
1.
1.
July 1,
MATURITIES AND PRICES
104.95
$10,000 due
105.67
10,000 due
106.36
10,000 due
107.02
10,000 due
1916;
1917;
1918;
1919;
1920;
Draper Mfg. Com.
N. E. Investment Sec’s Pfd.
Columbian Nat’l Life
North Packing & Provision Co.
Waltham Watch Com.
Yankee Fuel 5s, 1926
Butte Water Co. 5s. 1921
HOTCHKIN
107.64
1.
1.
1,
1.
of
We desire offerings of new
issues or blocks of old issues
of Public Utility Bonds
1922; 108.81
1923; 109.35
1924; 109.86
1925:110.35
t
Accrued interest te be added, NETTING 5 PER CENT.
‘
Special circular with
4. CO.
Stock Exchange Bldg., Boston
Telephone Main 3448
July 1, 1921; 108.24
July
July
July
10,000 due July
Boston
FOR SALE.
American Investment Sec’s com.
American Glue Pfd.
Arlington Mills
Pere Marquette Com. & Pfd.
Pope Mfg. Com. & Pfd.
U. S. Worsted Pfd.
Mexican Coal & Coke 5s, 1926
Citizens Gas & El. Co. 5s. 1921 (Elyria. O.)
Detroit Port Huron Shore Line 5s, 1950
Ind. Col. & Eastern Tract. 5s. 1926
WANTED.
Wamsutta Mills
American Glue Com.
Regal Shoe Pfd.
recommend these bonds for investment.
$5,000
20,000
20,000
20,000
15,000
com.
Astoria, Ore., 5s & 6s
RICHARDSON COUNTY is the southeast county of Nebraska, located ninety miles south of
Omaha and thirty-five miles north of St. Joseph. Missouri, in the heart of the richest farming section
in the Missouri River Valley.
are
Hhmp. Elec. Ry. pref. &
Bodwell Water Power Co. 5s
Council Bluffs Water Works Co. 5s
Denomination $1,000.
The several assessments
Harrison Bros. Pfd.
Peoria Water Wctas Co. 4s
London & Chic. Contract Stock
H«0 Subordinate Lien 3s
Austin Texas 4s
New
DRAINAGE 6s
Dated July 1, 1919.
WANTED
Sioux City Traciion 5s
Chic. Sub. Water & Light Co. 5s
H. L. NASON & CO.
map upon request.
Shawmut Bank Building.
55Congress St., BOSTON,MASS.
Woodin, McNear & Moore,
INVESTMENT BONDS
American Trust
Council Bluffs Water Works Co. 6a
Helena Water Works Co. 4s
Butte Water Co. 5s
Ouanajuato Reduc. & Mines 6s & Stk.
Omaha Water Co. 5s & Stocks
Amer. Finance & Secur. 6s & Stock
New Hampshire Elec.Rys.Com.&Pfd.
Building
F.W. MASON & CO.
CHICAGO
WANTED
Chicago Suburban Water & Light Co. 5s
Butte Water Co. 5s, 1921
National Fuel Gas Co Stock
Duluth Street Ry. Co. Gen. 5s. 1930
U
JACOB S. FARLEE
HENRY L. FINCH
WILBUR S. TARBELL
FOR SALE
S. Envelope Co., common.
C. H. FARNHAM
27 STATE STREET.
N. Y. H. H. & Hart. Deb.
4%, 1956
Michigan Central Deb. 4%, 1929
Lou. & Nash., Paducah & Memphis 4%, 1946
Rochester & Pittsburgh 1st 6%, 1921
St. Louis Merchants Bridge 1st, 6%, 1929
Fourth Natl. Bank Stock
Memphis Street Railway
ALL L0UISVILLF LOCAL SECURITIES
S. C HENNING & CO.
116 So. 5th St..
LOUISVILLE. KY.
71 Broadway
NEW YORK CITY
Ry & Lt
Stocks and Bonds
WM. HUGHES CLARKE
Detroit, Michigan.
Exchange
New York State
Conn. Mutual Life Bldg.,
11 WALL STREET
HARTFORD, CONN
NEW YORK
Securities for Conservative Investment
Electric
& Power
And Constituent Companies*
FARLEE & CO.
Members New York Stock
Union Railway, Gas &
Portland Railway, Light
Commonwealth Pr
Fidelity Trust Co. Stock
J. S.
BOSTON
always
on
Hand
Railways,
Valley Co.
and Scrip.
common
Mohawk
Stocks
MALCOLM STUART
60 Broadway,
NEW YORK
Telephone:
1« Rector
a
Deo. 311910
THE CHRONICLE
IV 1
financial.
financial.
INVESTMENT BONDS
We Offer the Unsold Portion of
Taunton Tax Free
4s
Cleveland Tax Free
.
...4s
Dallas, Texas
Omaha, Neb
»■ i
4s
4J4s*
First Mortgage
Atlantic
City Tax Free 4J4s
Duluth, Minn
434s
Pittston, Pa
434s
Seven Per Gent Gold Bonds ot
.
Waco, Texas
St. Paul, Minn
Hobart, Okla
—5s
5s
6s
PEOPLES PORTLAND CEMENT CO.
SANDUSKY—SPOKANE
..
Also several issues of
Price, Par and Interest
Utility First Mortgage
Public
With Bonus of 25% Common Stock
Bonds, yielding 5 to 5^4%
Denominations,
Circular upon
C. E. Denison & Co.
BOSTON
Guardian Bldg*, CLEVELAND
Square,
FOR
Bonds
The Chicago Title & Trust Go. and Mr. Wm. C. Niblack, Vice-Pros, and Trust Officer
of The Chicago Title & Trust Co.
This Bond Issue
was authorized by the Directors of the Company to raise funds for the installa¬
machinery and completion of our cement mill No. 1, at Sandusky, Ohio, and the erection
and equipment of the new mill (No. 2) In Washington, In order to take advantage of the tremendous
demand for cement that Is sweeping the country.
tion of
new
To expedite the completion of our plants, the Directors have authorized the giving of a bonus In
Fully Paid and Non-assessable Capital Stock of the Company, amounting to 25 per cent of each
Bond Subscription, and inasmuch as this stock participates in all the profits of the Company, it Is
obvious that It will have a constantly increasing value.
The Bonds constitute
asset now
owned,
or
a
First Mortgage on every
hereafter to be acquired, by
the Company, the present assets being as
R. M. GRANT & CO.
BANKERS
NEW YORK
31 NASSAU STREET
follows:
Sandusky, Ohio, to start grinding
March 15, 1911, capacity to be 2,000 barrels per
day, buildings, machinery and equipment, mill
site, clay and lime lands, etc.
Mill No. 1 at
Mill No. 2 to be erected In
Hudson|& Manhattan Securities
Kansas & Colo. Pacific 6s, 1938
Gulf & Ship Island 5s, 1952
Sunday Creek 5s, 1944
Fort Worth & Denver
City 6s, 1921
WOLFF & STANLEY
27 William St., N. Y.
Telephone 2817 Rector
INSURANCE STOCKS
Fidelity, Phoenix, Home,
Niagara, Continental, &o.
BOUGHT AND SOLD
Washington, capacity
2,000 barrels per day, buildings, machinery,
equipment and options on lime, clay and shale
deposits, mill site, etc.
MILWAUKEE ELECTRIC RAILWAY &
LIGHT COMPANY.
30 Broad Street.
New York. December 23 1910.
The Annual Meeting of the Stockholders of
THE MILWAUKEE ELECTRIC RAILWAY &
LIGHT COMPANY for the election of three
Directors of the third class, and for the trans¬
action of such other business as may lawfully
the office
of the Company, Public Service Building, Mil¬
waukee, Wisconsin, on Monday, January 16 1911,
at 12 o’clock noon; and for that purpose the stock
transfer books of the Company will be closed on
Saturday, December 31 19i0, at 12 o’clock noon,
and remain closed until Tuesday, January 17 1911,
come
before the meeting, will be held at
at 10
o’clock a. m.
J. D. MORTIMER, Secretary.
THE NATIONAL CITY BANK OF NEW YORK.
December 3rd, 1910.
The annual meeting of the shareholders of this
bank, for the election of directors and the trans¬
action of such other business as may be brought
before It will be held at its banking house In Wall
Street, on Tuesday, January 10th, 1911, at
twelve o’clock noon.
A. KAVANAGH. Cashier.
Company and can be seen by intending sub¬
time; or copies will be mailed free
scribers at any
request.
on
The location of Mill No. 1, on
Sandusky Bay,
with water transportation to every point on the
Great Lakes from Buffalo to Chicago, gives the
Company an enormous advantage in supplying
important and growing cement markets of the
the
Lake Cities.
many years
tons per
tive.
508 acres, located near Amesville,
which has been successfully operated for
Coal Mine,
Ohio,
and the output of which, up to 500
day, is contracted for until 1911.
Our engineers report that there Is enough coal to
keep the mine going, at 500 tons daily, for eighty
years, at a profit sufficient to pay the entire bond
interest and redeem the principal.
The
engineering work is in charge of R. J. Kel¬
logg, whose report on the condition of the San¬
dusky Plant, dated Dec. 1st, 1910, together with
reports of other Engineers and Chemists as to all
of the above properties, are on file at the offices
These facts, coupled with the control of our own
coal, which plays so Important a part in cement
manufacture, places the Company In a position
to meet any
The
competition.
ample security back of these bonds, the
attractive
increase
rate
in
makes these
the
December
of
interest
demand
and
for
the
tremendous
Portland
Cement,
bonds, with the stock bonus, a most
desirable and unusual Investment.
Extracts from President’s
NEW YORK
piectiW0s.
of the
The situation In the West, where cement is
selling to-day for nearly $3 00 per barrel, or more
than twice the price obtained In Chicago, and
where there is at present little local source of
supply, makes this section particularly attrac¬
E. S. BAILEY
66 BROADWAY
THE
BONDHOLDERS
The amount of the authorized Issue Is $1,000,000, of which $250,000 has been deposited In escrow
with the Chicago Title & Trust Company for future development.
The balance of $750,000 has been
offered for Public Subscription, and at this date about $550,000 of the Issue has been sold, the re¬
mainder being now offered subject to withdrawal without notice.
County of Hudson, N. J.
Established 1864
$100
-
We Offer
Tel. 6557 Broad
$500,
request.
TRUSTEES
4 P. O.
$1,000,
Report
1st, 1910
I have just completed an Inspection of our new plant and equipment at Sandusky, Ohio, and
pleased to report that I find the construction and equipment to be progressing very rapidly towards
completion, and was pleased to note on receipt of the engineering report of the Robt. W. Hunt Co.
that they found the work to have been carried out In a satisfactory and workmanlike manner from
an engineering standpoint.
I have made a list of what Is necessary to complete this plant so as to start burning clinker,
which includes all details of grinding machinery, unloading and installing, foundation work, electrical
wiring, motors, elevating and conveying machinery, etc.
I estimate the cost of these details, aecordlng to my list, at $65,000, but to be on the safe side
I will say that for $75,000 the plant can be completed to a two-kiln clinker burning capacity,
in
am
accordance with the above details.
You will be glad to know that the demand for “Red Triangle” cement has already started, and
we have received an offer from a responsible and experienced cement dealer for the Cleveland
agency, together with their offer for 150,000 barrels of our cement for the year 1911.
We have also received a second offer for 100.000 barrels of our product and in addition are nego¬
tiating with a third concern who propose to take our ENTIRE OUTPUT for 1911.
that
As the remainder of the issue is limited, immediate inquiry
is invited.
Full maps, statements, &c., will be mailed on
request and reservations made for January delivery if desired.
S. FORD'
1410-1411 Great Northern Bldg.,
CHICAGO, ILL.
XVIII
THE CHRONICLE
[VOL.
LXXXXI.
ftamutsl.
$1,250,000
Calumet & South Chicago Railway Co.
FIRST MORTGAGE REHABILITATION GOLD 5s
Dated February 1, 1908
Due February 1, 1927
payable February 1 and August 1
Outstanding $3,000,000
Coupon bonds, In $1,000 denomination, may be registered as to principal or exchanged for fully registered bonds.
Coupon and regis¬
tered bonds Interchangeable.
First Trust & Savings Bank, Chicago, Trustee.
Callable, as a whole, at the
Company, at 105 and Interest on any interest date before July 1, 1912, on thirty days’ notice. In case the option of the
property
of the Company shall be purchased by the City of Chicago, and
only In such case, the bonds may be
called for payment at par and Interest on any Interest date before
maturity.
Interest
Security
Company
Secured by a first lien on all property of the
now owned or hereafter acquired.
Followed by
$10,000,000 Capital Stock, all of which is deposited under the Chicago City and Connecting Railways Col¬
lateral Trust Mortgage.
The property mortgaged is now valued under the City Franchise Ordinance at
$8,000,000, this amount consisting of the original valuation of $5,000,000, plus the amount of these bonds
now outstanding.
Property
The Company now owns 106 miles of track, in the south division of the
City of Chicago. The property
is operated by the Chicago City Railway
Company in connection with its own lines, under an agreement
whereby the Chicago City Railway Company receives one-quarter of the saving resulting from joint operation.
Earnings
The
report for the first nine months of the present fiscal year shows net income equivalent to nearly
two and three-quarters times the total interest charges.
Application will be made to list these bonds on the Chicago Stock Exchange.
Price 100 and Interest
FURTHER PARTICULARS ON REQUEST
White, Weld & Co.
Members of the New York and
Chicago Stock Exchanges
.
5 Nassau Street
The
New York
Rookery
Chicago
MUNICIPAL BONDS
We
$700,000
150,000
10,000
60,000
10,000
18,000
12,000
26,000
75,000
36,000
50,000
65,000
20,000
10,000
23,000
125,000
45,000
40,000
own
and offer,
subject to prior sale and advance
City of Seattle, Washington (A-B)
Kansas City, Kansas (A-B-C)
Bay City, Michigan School (.B)
Chippewa County, Michigan (C)
Glen Ellyn, Illinois, School
Richfield Township, Mich. (C)
Blaine County, Idaho
Marshall County, Minnesota
Coahoma County, Mississippi (C)
Birmingham, Alabama, Funding (C)
Beaumont, Texas, School
Greensville County, Va.
Clarksdale, Mississippi, Water (C)
Ft. Smith, Arkansas, Sewer
Osage City, Kansas, Sewer (C)
Lawton, Oklahoma, Water
Liberty County, Texas, Drainage
Yukon, Oklahoma, Water
4'As, 1930
43^s, 1940
..
(A) Legal New York Savings Banks.
5s,
4}4s, 1925
4>^s, Serial
.
....
pleased to send
statements upon
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
(£) Legal Maine Savings Banks.
We shall he
1928
1935
in
price
yielding
On
a
On
n
a
Serial
a
Serial
it
1940
a
1940
a
1949
a
1943
u
1927
a
1294
a
1930
n
1935
u
Serial
ii
1935
ii
4.20%
application
4.30%
application
4.25%
4.30%
4.50%
4.50%
4.60%
4.60%
4.65% '
4.75%
4.75%
4.75%
4.75%
4.90%
5.00%
5.40%
(C) Tax-exempt in State.
complete list and detailed
application
our
THOMAS J. BOLGER COMPANY
Union Trust
Building, DETROIT
153 La Salle
Street, CHICAGO
THE CHRONICLE
Dec. 31 1910. J
XIX
ghuroei*!.
$1,000,000
ONTARIO POWER COMPANY
OF NIAGARA FALLS
First Mortgage 5% Gold Bonds
Due February 1st 1943
CALLABLE UP TO BUT NOT AFTER FEBRUARY 2d 1913 AT 110 AND INTEREST
A
Sinking Fund, sufficient to retire about half the issue before maturity, must buy bonds in the
up to a limit of 110 and interest.
Earnings for
year
ending June
Net.
....$729,778
97
548,461
256,099
64
....
Mortgage Interest
Output for
years
....
.
1908
.
1909
1910
.
40
30th
ending June
1907
market
30th 1910
Gross
First
open
31,692,400 Kilowatt Hours
do
88,120,800
.171,902,100
do
.289,993,300
do
Output is now at rate of about 350,000,000 K.W.H.
Net Earnings are now at rate of about $760,000
Among
consumers
of
power
generated by this
n
company are
The Government of the Province of Ontario which
cities within the Province,
purchases to resell to Toronto and
a
number of other
The Buffalo General Electric
Company,
4
Railway & Light Company of the N. Y. Central RR. System,
Syracuse Lighting Company of the United Gas Improvement System,
;
;
‘
■
Syracuse Rapid Transit Company,
J
Auburn Light, Heat & Power Company,
Lockpqrt Light, Heat & Power Company,
::
Erie RR. Company,
*
New York Central RR. Company,
F5s
Buffalo & Lake Erie Traction Company,
International Power & Transmission Company,
Syracuse & South Bay Railway Company,
F 55
j
Niagara Gorge Railroad Company,
4
Ontario Distributing Company,
* i
Lackawanna Steel Company,
American Locomotive Works,
Canadian Calcium Carbide Company and other Traction, Lighting and Industrial Companies.
The Rochester
The
The
The
The
The
The
The
The
The
The
The
The
The
The
.
The
Legal Rights of the Company have been confirmed to it by the highest
having jurisdiction.
The Mortgage is well drawn to protect investors.
as
well
The Bonded Debt is
The Cost of
exceptionally smal .
Operation is exceptionally low.
?\
Mortgage Bonds are well held in many cities by Savings Funds, Trust Companies, Banks, In¬
Companies, Trustees, etc., and are, in my judgment, one of the safest and most stable public service
investments.
Price and the fullest information
the lower courts
##
The First
surance
as
on
application.
FRANCIS RALSTON WELSH
•
109-111
South
Fourth Street
PHILADELPHIA
XX
THE CHRONICLE
Lewiston,*
LXXXXI.
f-ttiattclal.
New England
as
[VOL.
Manufacturing Stocks
an
Investment
Par Value
of Each Share
or
Original Cost
Per Cent.
Dividend
Rate
Market Price
Today
Per Share
Returned o„
Market Price
Today Abou*
Stanley Rule and Level Company, New Britain, Conn
$100.00
8% $275.00 2.91%
Pacific Mills, Lawrence, Mass
1,000.00 14% 3,800.00 3.68%
Bates Manufacturing Company, Lewiston, Maine
100.00 10%
270.00 3.70%
Amoskeag Manufacturing Company, Manchester, N. H
100.00
320.00 3.75%
12%
Landers, Frary & Clark, New Britain, Conn
25.00
93.00 3.76%
14%
Yale & Towne Manufacturing Company, Stamford, Conn.
100.00
190.00 4.21%
8%
Dartmouth Mfg. Co., New Bedford, Mass. (Pfd. Stk.)..
100.00
107.00 4.67%
5%
Androscoggin Mills,
Maine
100.00 10%
210.00 4.76%
Shaw Stocking Company, Lowell, Mass
100.00
126.00 4.80%
6%
Waltham Watch Company, Waltham, Mass. (Pfd.
125.00 4.80%
Stk.).._. 100.00
6%
Lawton Mills, Plainfield, Conn.
100.00
165.00 4.85%
8%
American Brass Company, Waterbury, Conn
100.00
120.00 5.00%
6%
Lancaster Mills, Clinton, Mass
100.00
120.00 5.00%
6%
American Hardware Corporation, New Britain, Conn
100.00
120.00 5.00%
6%
Gorham Manufacturing Co., Providence, R. I. (Pfd.
118.00 5.08%
Stk.)„ 100.00
6%
Hood Rubber Co., East Watertown, Mass. (Pfd.
100.00
130.00 5.38%
Stk.)..
7%
Farr Alpaca Company, Holyoke, Mass
100.00 24%
420.00 6.70%
Draper Company, Hopedale, Mass
100.00
190.00 6.78%
11%
Uswoco Mills, Lawrence, Mass. (Guaranteed Pfd. Stk.)„
100.00
110.00 6.36%
7%
Hendee Mfg, Co. Springfield, Mass. (Convertible Pfd. Stk.)
100.00
110.00 6.36%
7%
"T^HIS ADVERTISEMENT is written for the benefit of those who have
*
sPecuiatiye
no
interest in
high-finance securities, but who are interested in investing their money
in established and honestly-managed
dividend-paying manufacturing companies right
here in New England.
Qr
New England stands for conservatism, sound morals
and solid principles of doing business.
Its wealth and prosperity are bound up in its successful
and constantly expanding manufacturing industries.
Two of the best New
be
bought to-day, in
The Uswoco
G.36%.
live,
you can
It makes
do business with
me
no
difference where you
your entire
by mail to
satisfaction.
From small beginnings six years ago, I have built
up one
of the largest businesses of selling by mail
high-grade in¬
vestment securities to small investors.
Send for Circular A.
The Hendee Mfg. Co., of Springfield,
Convertible Preferred Stock.
the rise in market value from year to year.
The above table shows a few of New
with ten thousand.
Mills, of Lawrence, Mass., 7% Guar¬
The Uswoco Mills are leased to the United States
Worsted Company, one of the largest and most
prosperous
textile manufacturing companies iu
New England.
Present price $110 a share, to net
particularly for those who have had the foresight to buy
them when they were originally issued.
These stocks, when so purchased, return the holder not
only six per cent and often more, but a portion of the
increasing wealth and prosperity of this country through
one
England Manufacturing Stocks to
judgment, are as follows:
anteed Cumulative Preferred Stock.
Stocks of these companies have proved and are to-dav
one of the safest and best
opportunities for investing money,
England’s best
manufacturing stocks, the par value or original cost per
share, annual dividend, and approximate present selling
price and interest return.
The great difficulty for the average investor is how to
inform himself as to the best stocks to buy and where to
buy them.
I am a specialist in the best
dividend-paying New Eng¬
land manufacturing stocks.
The man or woman with one
hundred dollars to invest has just as good a chance as the
my
Mass., 7%
The Hendee Mfg. Co. are the makers of the wellknown
Indian
Motocycle. This old-established
company shows remarkable earnings.
The con¬
vertible feature of this stock is very valuable. Pres¬
ent price $110 a share, to net
6.36% Send for
Circular B.
These two stocks are tax-exempt in Maine, New
Hamp¬
shire, Vermont, Massachusetts, Rhode Island and Con¬
necticut.
For those whose funds are not available immediately, I
will carry these stocks a reasonable length of time without
expense.
If you
write
or
have $100, $1,000 or $10,000 to invest, call,
telephone—Charter 2700 Hartford—at
my
expense, at once.
THOMAS C. PERKINS
INCORPORATED
CONNECTICUT MUTUAL BUILDING,
-
-
HARTFORD, CONN.
DEC.
XXI
THE CHRONICLE
311910.)
glttanctal.
Tax-Day in New York State Jan. 9th 1911
Under recently
enacted legislation the following bonds can be
further personal tax by payment of $5 peri
exempt from all
made
bond
BUFFALO ROCHESTER & PITTSBURGH
General 5s, 1937
NEW YORK & HARLEM
First 33^s, 2000
ALBANY & SUSQUEHANNA
First 33^s, 1946
WEST SHORE
LEHIGH VALLEY OF NEW YORK
First 43^s, 1940
ROME WATERTOWN & OGDENSBURG
3y2s and 5s, 1922
LONG ISLAND
LAKE SHORE & MICHIGAN
First 33^s, 1997
First Guaranteed 4s, 2361
Refunding Guaranteed 4s, 1949
NEW YORK CHICAGO & ST.
First 4s, 1937
LONG ISLAND
Unified 4s, 1949
NEW YORK CENTRAL & HUDSON
First 3>^s, 1997
SOUTHERN
LOUIS
ULSTER & DELAWARE
Refunding 4s, 1952
RIVER
EQUITABLE GAS LIGHT CO. OF N. Y.
THIRD AVE. RR. CO. (NEW YORK)
NEW YORK & EAST RIVER GAS CO.
First 5s, 1944
SYRACUSE LIGHTING CO.
First 5s,
Consol. 5s, 1932
Information
as
for each
First 5s, 1951
to method of
tax, together with
1937
procedure to make above bonds free of
offerings thereof and full details of the security
issue, will be furnished on request
PLYMPTON, GARDINER & 00.
BANKERS
232 La Salle St.,
NEW YORK
27 William St..
34 Old Broad St.,
LONDON, E. C.
Members New York and Chicago Stock
We
own
CHICAGO
Exchanges.
for January Investment
and Offer the following Bonds
STATE OF NEW YORK
Highway Improvement 4% Gold Bonds, due
March
1st,
1958.
PRICE TO YIELD ABOUT 3.77%.
UNITED NEW JERSEY RAILROAD &
General
Mortgage 4% Gold Bonds, due September
PRICE TO YIELD ABOUT
Mortgage 4% Gold Bonds, due
1st, 1929.
3.85%.
NEW YORK & LONG BRANCH
General
CANAL CO.
RAILROAD CO.
September 1st, 1941.
PRICE TO YIELD ABOUT 3.95%.
GREAT NORTHERN RAILWAY COMPANY
The St. Paul Minneapolis & Manitoba Ry. Co.
Consolidated Mortgage
4% Gold Bonds, due July 1st, 1933.
PRICE TO YIELD ABOUT 4.03%.
WISCONSIN CENTRAL RAILWAY COMPANY
Superior & Duluth Division & Terminal
First Mortgage
4% Gold Bonds, due May 1st, 1936.
PRICE TO YIELD ABOUT 4.43
.
Oi
/O'
Clark, Dodge
&
Co.
Bankers
51 WALL STREET,
NEW YORK
XXII
THE CHRONICLE
(VOL. LXXXXI.gtj
f£itxattjctal.
Facts from
a
Report of the
Comptroller of the Currency of the U. S. Treasury Department
The Wall Street Journal in its issue of
Saturday, December 3rd, 1910, quotes some figures compiled by the
held by all reporting
banking institutions of the
United States on June 30th, 1910, and
compares these holdings with those of the same banks in 1909.
The report embraces national,
State, savings, private banks and trust companies, and shows
that on June 30th, 1910, these institutions held
State, county and municipal bonds to the amount of $1,044,-
Comptroller of the Currency dealing with the investments
000,000, a decrease of $46,739,778, or about 4.7% less than in 1909. Of railroad bonds these
banks held on
June 30th, 1910, $1,455,100,000, a decrease of
$106,060,520, or approximately 7% as compared with 1909.
On the other hand, said banks held on June
30th, 1910, public service corporation bonds
amounting to
$492,900,000, an increase of $23,017,667 over those of 1909, the increase being about
5%.
These figures furnish unmistakable evidence of the
growth in popularity of public service corporation bonds
with national banks and other
banking institutions throughout the United States. Not only are such bonds
popular among the best informed bankers of the country, but it is now
generally understood by discriminating
investors of all classes that public service
corporations furnishing gas, electric railway and electric light service
which are essentials of modern life
enjoy greater stability in earnings than do either railroad or industrial cor¬
porations, and their bonds, if carefully selected, afford a most
satisfactory medium for investment.
We
specialists in this class of bonds, and as we are not simply bond merchants but own and
operate
companies, we can offer a carefully selected list of public service corporation bonds to
yield a higher return
than those usually offered to investors.
are
The
Companies whose
bonds
we
offer
organization, thus insuring efficient and
We offer the
following bonds of this
are
operated by experts connected with
economical
class with
our
management.
our
highest recommendation!
United Gas & Electric Company of New
Jersey
First Collateral 5% Bonds, due
January 1, 1922; price:
(Netgearnings accruing from subsidiary companies 6 times
par
and interest, netting 5%.
bond interest and increased 34% last year.)
Colorado Springs Light, Heat & Power
Company
First and
Refunding 5% Bonds, due August 1, 1920; price: 94J^ and interest, netting
5.75%.
(Net earnings
over
twice bond interest, and increased
over
12% last year.)
Elmira Water, Light & R. R.
Company
First Consolidated
(Netjjearnings applicable
5% Bonds, due September 1, 1956; price: 95 and interest, netting
5.30%.
to interest
on
these bonds
over
twice said interest and increased
over
15% last year.)
Citizens Gas & Fuel Company of Terre
Haute, Ind.
First and
Refunding 5% Bonds, due January 1, 1960; price:
and interest, netting 5.25%.
(Net earnings nearly 2J4 times bond interest, and increased
over
17% last year.)
Leavenworth Light, Heat & Power Company
First
Mortgage 5s, due September 1, 1923: price: 96 and interest, netting 5.40%.
(Net earnings practically 3 times bond interest and increased
22% last year.)
Special circulars mailed
upon
request
BERTRON, GRISCOM
40 Wall Street
NEW YORK
&. JENKS
Land Title
Building
PHILADELPHIA
Dec.
XXIII
THE CHRONICLE
311910.]
glnatxjcial.
** **a»aa
J-u^vv^u^v^r>ruV^J^nJ^ArL^u^VVVVV^
*ii*y>* *i*,~t*t*,*' 1*1“
«^***^ulaaaaaaaa*a*j> «»»■>*
BONDS FOR
We
own
at all times an
INVESTMENT
extensive list of
conservative bonds
yielding as high a return as is consistent with safety of
principal. We invite correspondence and shall be glad to
furnish detailed information in regard to the following,
or over two hundred other issues of bonds for investment.
Municipal Bonds
Yielding About
3*90%
3*96%
4*15%
4*25%
4*30%
4*35%
4*38%
4*45%
5.00%
in New York)
Exempt in Ohio)
in New York)
Dunmore, Pennsylvania, Improvement 4^s (Tax Free in Pennsylvania)
Dunmore, Pennsylvania, School District 5s (Tax Free in Pennsylvania)
West Hoboken, New Jersey, School 4%s (Tax Exempt in New Jersey)
Rutherford, New Jersey, School 4^s (Tax Exempt in New Jersey)
Buffalo, New York, Water 4s (Tax Exempt
200,000 Cleveland, Ohio, River and Harbor 4s (Tax
90,000 Hamilton County, New York (Tax Exempt
$800,000
50,000
60,000
80,000
85,000
150,000
100,000
Roanoke, Virginia, Improvement 4)^s
Fort Bend, Texas, Road District 5s
.
-
Railroad Bonds
500,000
50,000
100,000
50,000
50,000
50,000
250,000
50,000
50,000
Chicago Milwaukee & St. Paul General 4s
Manhattan Railway Consolidated 4s (Tax Exempt in New
Chicago Rock Island & Pacific General 4s..
Chicago St. Paul Minneapolis & Omaha Consolidated 6s
Baltimore & Ohio Prior Lien
Atchison Topeka & Santa Fe Eastern Oklahoma First 4s
Southern Pacific First Refunding 4s
Oregon Short Line First 6s
Northern Pacific—Great Northern Joint Burlington 4s
4«02%
4*05%
4*10%
4*13%
4*22%
4*25%
4*25%
4*30%
4*55%
York)
-
Corporation Bonds
75,000 Rochester Railway & Light Consolidated 5s (Tax Exempt in New
75,000 Detroit Edison First 5s
100,000 Utica Gas & Electric Refunding 5s (Tax Exempt in New York)
200,000 Laclede Gas Light Refunding 5s
:
100,000 Portland Gas & Coke First and Refunding 5s
150,000 Los Angeles Gas & Electric First and Refunding 5s
150,000 Pacific Coast Power First 5s
.
200,000 Pacific Telephone & Telegraph First and Collateral 5s
75,000 Southern Bell Telephone & Telegraph First 5s
200,000 Sierra & San Francisco Power First 5s
N. W. HARRIS &
4*90%
4.95%
4*95%
4*95%
5»05%
5*10%
5-13%
5*20%
5*20%
5,30%
York)
COMPANY
BANKERS
Pine Street, Corner
N. W. HARRIS &
COMPANY
35 Federal Street
BOSTON
William, NEW YORK
HARRIS TRUST & SAVINGS
Bond Department
CHICAGO
BANK
XXIV
THE CHRONICLE
[VOL.
gittanxtal.
PORTER, FISHBACK
& CO.
BANKERS
Commercial National
Bank
Building
115 Adams Street
CHICAGO
respectfully recommend to the investing public their
offerings
of First Mortgage Bonds on:
Steam and Electric
Railroads,
Public
Utilities,
Developed Irrigation and Timber Properties,
These issues will be found to mature in
serial payments
running from 3 to not more than 20 years, and we are thus
enabled to offer bonds
falling due to suit the convenience of
purchasers.
The interest rates on these bonds are
suited to the times
and will be found to net the
investor considerably above
5, and in some cases above 6,
per cent.
For
illustration,
call attention to the unsold portion,
$50,000 par value, of the First Mortgage 6% Gold Bonds of the
we
HARLINGEN LAND & WATER CO.
of Harlingen, Texas
The security behind these bonds will be found to be now
about 8 to 1, in addition to which the
payment of the prin¬
cipal and interest of each bond is personally guaranteed
by
Mr. Lon C. Hill, the
principal stockholder of the Harlingen
Land & Water
,
Company.
Bonds of this
kind, based on the natural resources of the
country and payable serially—under our serial payment
planwill be found to
appreciate in value as time goes on, from
the fact that, while the bonded debt
decreases, the value of
the security increases.
Correspondence is
any
invited
regarding specific offerings for
of the classes of securities above mentioned.
We
in the market for first-class issues
based on un¬
questioned security, derived from natural
resources, and will
take up the question of the
purchase of bond issues of this
kind with
customers, in person or by letter.
are
Telegraphic orders
for bonds may be sent at
our
expense.
LXXXXI.
Th f
ommaria
INCLUDING
Bank & Quotation Section
Railway & Industrial Section
Electric
Railway Earnings Section
Bankers* Convention Section
State
rv
Week ending December 24.
Cltrmticle.
Terms of
Subscription—Payable in Advance
13 00
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Canadian Subscription (including postage)
7 50
£2 14 8c
£1 11 s.
$11 50
Subscription includes folloicing Supplements—
B • nk and Quotation (monthly)
Railway and Industrial (quarterly)
Railway Earnings (monthly)
Terms of
transient matter per
i State and City (semi-annually)
I Electric Railway (3 times yearly)
j BANKEhS’ Convention (yearly)
Advertising—Per Inch Space
(S times)
Two Months
e
$4 20
1.
inch space (14 agate lines)
22
29
50
87
(13 times)
) Three
Months (26
six Months
times)
Standing Business
.Standing
Business Cards
cards <
V Twelve Months
(52 times)
CHICAGO OFFICE—Pliny Bartlett,513 Monadnock
AVILI.IAITI
P. O. Box 958.
00
00
00
00
Block: Tel. Harrison 4012
Smith, 1 Drapers’ Gardens, E. C.
LONDON OFFICE—Edwards &
Published every Saturday morning by WILLIAM B. DANA COMPANY.
Jacob Seibert Jr., President and Treas.: George S. Dana and Arnold G. Dana,
Vice-Presidents: Arnold G. Dana, Sec.
Addresses of all. Office of the Company.
indicates that the total
States for week ending
to-day have been $2,555,898,417, against $3,051,685,169 last week and
The following table, made up by telegraph, Ac.,
bank clearings of all clearing houses of the United
$3,145,198,660 the corresponding week last year.
d
Per
Cent.
1910.
1909-
$1,148,422,662
101,184,226
104,505,471
25,025,105
187,078,831
54,508,744
16,084.087
$1,980,440,417
146,738,364
146,622,036
26,726,010
225,970,324
61,544,682
16,649,953
—42.0
—31.0
—28.7
—6.4
—17.2
—11.3
—3.4
$1,636*809.126
422,814,973
$2,604,691,786
481,810,156
—37.2
—12.2
$2,059,624,099
496.274.318
$3,086,501,942
58,694,718
—33.3
$2,555,898,417
$3,145,196,660
—18.7
ending^ Dec. 31.
__
_
_
Philadelphia
Baltimore
"
Chicago
St. Louis
New Orleans
Seven cities, 5 days
Other cities, 5 days
_
-
-
Total all cities, 5 days
All cities, i day
-
Cincinnati
Cleveland
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
Grand
.
..
_
_
..
Rapids
Dayton
Evansville
Kalamazoo
Springfield, Ill
Fort Wayne
_
_
Youngstown
Lexington
Akron
Rockford
Canton
Bloomington
Quincy
Springfield, O
Decatur
_
Mansfield
Jackson
Danville
Jacksonville, Ill,
Ann Arbor
Adrian
CLEARING-HOUSE RETURNS.
New York
Boston
Chicago
SouthBend
B. DANA COMPANY, Publishers,
Front, Pine and Depeyster Sts.,
New York.
Clearings—Returns by Telegraph.
Saginaw
Lansing
San Francisco
Los Angeles
Seattle
Spokane
Salt Lake City
Portland
Tacoma
Oakland
Helena
Sacramento
San
.
Diego
Fresno
_
Stockton
San Jose
North Yakima
^
.
+74.6
The full details for the week covered by the above will be given next Sat¬
urday.
We cannot furnish them to-day, clearings being made up by the
clearing houses at noon on Saturday, and hence in the above the last day
of the week has to be in all cases estimated, as e go *to press Friday night.
We present below detailed figures for the week ending with Saturday,
noon, December 24, for four years.
-
_
Billings
Pasadena
-
Total Pacific..
Kansas City
Omaha
St. PaulDenver
St. Joseph
Duluth
Des Moines
Sioux City
Wichita
Lincoln
•
Week ending December 24.
Clearings at—
Inc. or
1910.
1909.
Dec.
1908.
1907.
%
$
$
Topeka
Davenport
Fargo
Cedar Rapids
Philadelphia
Pittsburgh
Baltimore
Buffalo
Albany
Washington
Rochester
Scranton
Syracuse
Reading
Wilmington
Wilkes-Barre
Wheeling
Harrisburg
Trenton
York
Erie
Binghamton
Greensburg
Chester
Altoona
Franklin
52,238,467
32,036,047
9,142,773
5,656,784
7,504,328
3,608,178
2,666,960
2,072,139
1,425,428
1,528,230
1,474,960
1.893,320
1,231,371
1,718,476
979,178
812,336
486,600
496,806
561,661
500,870
275,000
48,880,419
26,893,185
9,423,618
4,599,330
6,693,440
3,046,850
2,412,960
1,841,981
1,397,839
1,344,779
1,377,221
1,430,328
1,058,939
1,542,175
787,700
836,641
398,300
480,093
452,222
409,146
250,000
Total Middle.. 1,994,541,299 2,060,273,365
Boston
Providence
Hartford
New Haven
Springfield
Portland
Worcester
Fall River
New Bedford
Lowell
Holyoke.
Total New Eng.
158,674,547
7,592,800
4,300,486
2,944,537
2,064,393
1,701,795
2,094,584
1,073,005
1,203,289
503,277
509,864
149,704.252
7,821,400
3,460,389
2,704,102
1,900,000
1,508,178
1.625,604
1,159,580
1,015,623
428,295
481,829
182,662,577
171,809,252
—4.8 1,838,256,657
+ 5.5
107.004,420
+ 6.9
38,018,253
+ 19.2
18,410,146
—3.0
7,758,661
+ 23.0
5,132,502
+ 12.1
5,380,182
+ 18.4
2,781,359
+ 10.5
2.277,658
+ 12.5
1,550,622
+ 2.0
+ 13.7
+7.0
+32.4
+ 16.3
+ 11.4
+ 24.3
—2.9
+ 22.2
+ 3.5
+ 24.2
+ 22.7
+ 10.0
1,140,294
970,262
1,261,673
1,416,771
937,934
1,119,503
644,035
581,882
499,700
510,653
3S1.596
342,606
235,570
983,675,645
95,681,633
41,859,967
18,909,298
5,653,438
3,669,543
3.774,902
2,420,024
1,905,667
1,584,229
1,146,926
1,030,554
1,026,158
1.029.769
//6,835
617,936
519.098
323,300
462,540
413,280
366,725
185,947
—3.2 2,036,612,939 1,166,633,414
+ 6.0
—7.5
+ 18.5
+ 17.5
+ 5.8
126.564,605
6,365,800
2,794,909
1.826,047
1,472,719
1,334,501
1,378,834
899,447
697,464
392,082
398,108
98,333,157
5,253,300
2,344,859
1,660,159
1,820,514
1,464,748
1,207,280
829,663
709,953
399,959
415,854
+ 6.3
144,124,516
114,439,446
—2.9
+ 24.3
+ 8.9
+ 8.6
+ 12.8
+ 28.8
Sole.—For Canadian CLa rings see ^Commercial and Miscellaneous News.'*
419 944
307 391
174,000
37,056
622,404
145,000
19,031
549,206
—
-
Hastings
Tot. oth.West.
St. Louis
New Orleans-..Louisville
Houston
Galveston
Richmond
Memphis
Atlanta
Fort Worth
Savannah
Nashville
Norfolk
Birmingham
Augusta
Jacksonville
Little Rock
Chattanooga
Knoxville
Charleston
Mobile
Oklahoma
Macon
Austin
Beaumont
Vicksburg
Wilmington,N.C.
Jackson
Meridian
Total Southern
Total all
396,640,842
43,008,190
16,036,307
10,123,749
4,480,876
7,421,305
9,000,000
4,520,829
3,453,082
1,175,025
1,443,037
1,200,000
850,000
684,450
508.746
464,928
168,000
600,000
%
+ 15.8
+3.2
+ 6.8
+ 32.8
+36.7
+32.9
—0.3
—5.2
+39.3
+ 19.1
—4.9
+ 24.8
+8.1
—3.8
+ 12.3
—4.1
+ 29.3
+ 5.6
+ 18.6
+ 26.9
+ 20.9
—4.6
+ 18.4
+ 15.7
+7.6
+ 1.9
+ 10.0
+ 11.1
—3.0
+36.6
+20.0
+94.7
+ 13.3
In total
1908.
$
215,980,875
21,282,800
11,881,731
12,109,590
9,467,103
6,619,774
5,589,900
4,781,895
2,309,994
1,829,455
1,829,213
1,895,457
1,121,194
987,582
533,848
963,016
538,118
650,000
700,809
626,507
375,702
434,592
341,329
428.430
336,105
367,303
225,000
283,941
286,174
238.267
141,013
16,902
+ 15.4
305,173,619
+ 15.0
37.398,991
11,735,806 +36.6
—2.1
10,342,077
+8.0
4,150,000
+22.2
6,074,941
7,400,000 + 21.6
5,352,598 —15.6
1,669,948 + 106.8
962,336 +22.1
1,150,510 + 25.5
910,000 +31.9
740,181 4-14.9
615,838 + 11.1
439.329 + 15.8
420,000 + 10.7
240,000 —30.0
500,000 + 20.0
29,383,431
9.277,560
8,541,183
2,920,255
5,756,492
5,318,869
4,224.788
1,655,193
1,032,913
1.092,382
700,000
538,803
503,829
342,257
300.000
235,025
343,820,059
1907.
$
162,579.748
17,758,550
12,798,954
10,333,931
9,037,530
4,660,272
3,799,700
3,979,567
1,749,981
1,592,147
1,488,927
1,007,622
705,428
787,171
506,161
525,579
546,545
417,000
627,112
468.957
343,715
344,389
235,590
311,430
234,509
204,505
182,145
228,061
184,333
240,000
101,722
14,973
237.996,254
23,420,543
6,066,752
6.029,499
2,137,339
2,539,658
3,661,790
4,084,605
1,073,461
593,606
625,622
286,302
250.000
174,378
105,138,524
90,102,555
+ 16.7
71.822,980
53,283,796
22.330,726
15,002,506
10,413,196
9,459,140
7,000,000
3,734,396
3,826,882
2,446,370
3,429,626
1,650,752
2,160,107
43,865,875
24,262,469
11,763,406
9,045,551
8,269,607
6,697,308
5,193,615
+21.5
36.218,592
15,384,492
10,924,768
7,897,578
7.690,738
4,470,043
50,943,555
25,156,561
19,930,233
8,679,227
9,617,066
6,530,241
3,107,585
2,577,763
2,016,704
1,771,833
1.469,331
1,312,062
852,168
758,882
700,000
460,000
611,130
560,058
385,594
2,100.390
1,587,399
913,004
948,279
916,258
782,831
539,594
545,221
450,000
500,808
600,000
271,413
1,663,453
Sioux Falls
Pueblo
Colorado Springs
Fremont
Waterloo
..
$
1,722,319,410 1,808,310,000
136,406,199
143,911,977
$
$
235,159,485
25,217,400
18,814,840
13,780,873
9,934,519
7,284,420
6,732,100
5,168,417
2,557.613
2.086,807
2,248,804
2,191,804
1,391,760
1,162,066
791,416
1,170,962
865,486
1,096,900
791,520
884.296
462,856
580,647
410,667
461,278
466,772
427,487
368,199
363,915
326,122
Not included
Tot. Mid.West.
Minneapolis
Total all cities for week
272,327,895
26,026,900
19,659,182
18,303,813
13,583,818
9,682,540
6,714,100
4,898,432
3,561,496
2,484,517
2,138,704
2,734,282
1,504,762
1,117,873
888,396
1,122,898
1,119,545
1,258,900
938,487
1,122,869
560,000
553,874
4S6.437
533,760
502,465
435,581
405,000
404.479
316,433
$
$10 00
6 00
For One Year
For Six Months
Inc. or
Dec.
1909.
1910.
PUBLISHED WEEKLY.
New York-
NO. 2375.
SATURDAY, DECEMBER 31 1910.
VOL. 91.
Week
Railway Section
and City Section
—8.0
+ 27.5
+ 15.1
+14.3
+4.5
—28.1
3i001,631
+27.5
+0.8
+ 15.4
+ 35.0
+ 52.4
+37.2
2,426,236
2,971,136
1,222,044
1,417,048
1,212,250
1,133,666
954,100
895,000
691,822
502,658
325,751
843,586
—19.5
912,432
+ 29.1
1,231,590
+ 11.7
1,000,000
+7.7
745,012
+ 11.9
562,430
+ 5.5
307,755
1,012,280
+ 20.0
In
total
Not
Included
182,225
96,061,756
83,175,310
76,833,649
25,346,419
13,106,201
13,230,411
9,725,000
7,633,628
9,951,611
16,087,510
8,014,571
8,883,556
4,000,000
4.039,072
2,900,000
4,395,350
2,983,343
2,301,424
2,300,000
1,640,994
2,211,831
1,898,897
2,250,000
5,692,280
2,043,676
650,000
413,550
796,505
700,00C
500,000
65,103,243 + 18.0
21,537,663 + 17.8
—4.0
13,650,641
12,000,000 + 10.3
6,950,500 + 39.9
+6.4
7,174,167
5,958,236 + 67.0
11,961,194 +34.5
6,339,023 + 26.4
5,181,236 + 71.4
+ 7.8
3,710,520
3,455,553 + 16.9
2,350,000 + 23.4
2,862,088 + 53.6
1,996,045 + 49.4
1,603,234 + 43.5
1,907,337 + 20.6
+ 6.9
1,534,361
1,878,887 + 18.2
1,375,987 + 38.C
2,075,000
+ 8.4
1.850.28J + 207.7
706,305 +189.2
+ 5.4
616,612
+ 20.1
344,38c
627,57(3 + 26.9
568,00(
+ 23.2
+ 7.5
465,220
58,278,520
16,211,000
12.112,798
13,042,692
6,149,000
5,782,286
5,314,997
4,370,440
5,132,559
3,654,732
2,266,578
2,784,571
2,176,113
1,394,098
1,477,287
1,483,546
1,653,955
1,343,981
1,631,664
937,509
1,376,803
937,821
573,315
49,594.030
21.543.903
7,622,359
8,168,417
,6,000,000
5,120,478
4,704,251
3,909,796
3.421,206
4,410,279
230,529,478
185,784,294
+24.1
151,753,557
133,225,633
+ 2.5 2,805,549,367
1,786,413.612
967,292,710
802,737.967
142.172.4i9
126,694,749
3,051,685,169 2,978,483.274
Outside N. Y. 1,329,365,759
1,170,173.27.4
Note.—Christmas Holiday In 1909,
+ 12.2
.
+ 13.6
1908 and 1907.
525,00C
416,294
333,998
392,000
3,358,828
1,991,997
1,676,536
1,662,837
1,095,793
1,217.423
1,038,952
1,343,905
1,250,000
1,352.024
561,517
633,379
550,000
275,000
458,417
264.306
1730
THE CHRONICLE
CHRONICLE INDEX.
The index to Volume 91 of the “Chronicle”—which
volume ends with the current issue—will be sent to
our subscribers with the number for
Saturday, Jan. 14.
declining.
[VOL.
Consequently,
looked for from
it
or
no
new
LXXXXI.
revenue
can
be
increase in business. Nor can
there is anything in the condition
the prospects of the roads themselves that would
be
an
claimed
justify any further additions to operating cost.
Owing to the increased size of the volume, it is no Nothing has been more
conspicuous in recent months
longer possible to include the Supplements in binding than the frightful
way in which railroad net reve¬
the same.
These latter will therefore be bound sepa¬ nues
have been shrinking.
Nor is the attitude of
rately in six months’ or yearly volumes, as may be the Inter-State Commerce Commission such as to
desired.
furnish
plausible excuse for new additions to operat¬
ing cost. Shippers are fighting the proposed advances
THE FINANCIAL SITUATION.
in rates—which is the only
way in which compensation*
Are railroad managers doing their
duty towards could be found for the higher operating cost—tooth
their security holders? The question seems a
pertinent and nail. What the Commission will eventually do is
one, in view of the readiness with which they accede in doubt.
But suppose some moderate advance is
to demands for increased wages.
All through the eventually granted, this at the most will cover only
calendar year 1910 there have been nothing but
wage a small fraction of the additions to expenses repre¬
increases, week after week, and month after month. sented by the advances in
wages
already
Most of these advances it was impossible to resist and made.
the high cost of living also appeared to afford warrant
Control of rate increases is now
absolutely in the
for them.
But in view of the conditions which have
a
hands of the Commission and the Commission
by
conduct during the last six months has made it
its
developed, is it not time that a halt should be called?
plain
Obviously wage increases cannot be continued in¬ that it will not consent to let any advances go into
definitely.
effect until after prolonged investigation and
argument.
Many times through the year the managers have been It has the power to hold up every advance that may
held up by threats of a strike. The present month the be
proposed for a period altogether of ten months.
Brotherhood of Locomotive Engineers, which has the It is so overwhelmed with work that these ten
months
reputation of being a most conservative body, had will be necessary if each advance is to be investigated.
recourse to the same
device, and last Saturday the Therefore, the possibility of getting higher rates,
threat proved effective. According to the
newspapers except on the applications already made, is put off
the engineers demanded an increase of
17%. The far into the future. On the other hand, the advances
managers declared the very best they could do was in wages now consented to will go into immediate
to grant an advance of
9J£%. They ought to have effect.
told the truth and said that having due
The whole sum and substance of the matter, there¬
regard for the
interests of the security holders, they could afford to
fore, is that railroad managers are consenting to large
add not even a farthing.
But 93^% did not suit the further increases in their monthly and yearly expenses
engineers, so they threw a bluff and insisted they must without any immediate chance of being able to offset
have the full 17% demanded. With his usual
facility, the same. Is that right? Is that in accordance with
Labor Commissioner, Charles P. Neill, intervened and a
proper conception of their duties and responsibleies?
the newspaper men heard from him what a difficult
time he was having, since neither side evinced a
Remember that it has been estimated that the various
advances in wages made through the calendar year
disposition to yield. All of a sudden, however, the 1910, prior to these latest ones, will swell the expense
compromise proposition was brought up and the accounts of the railroads system of the United States
engineers agreed to accept an increase of 10 1-3%. by $100,000,000 to $150,000,000 per year. No way
The papers say this will give an
average addition of has as yet been pointed out of meeting this additional
$192 per annum to every engineer concerned and that
expense except by higher freight charges, and resort
the total addition on the Western roads involved
wjll to that expedient we have seen is practically un¬
usual
reach
In
$3,899,000.
numerous
available.
the raise is
considerably more
Why, therefore, blindly continue in a course which
10%. For instance, in the case of engineers on must lead to inevitable destruction? We know that
Mallet engines the old scale was $5 40 for a ten-hour carriers would avoid the inconvenience to the
public
day. The Brotherhood had the temerity to ask $7 00 which must result from a strike, but it seems to us the
and $8 00.
They get $6 15 and $6 40. For engineers proper course for railroad managers hereafter to
in the transfer service the former
wages were $4 00 per pursue when they are confronted by a body of em¬
day; now the pay is to be $4 50.
ployees demanding higher pay is to ask these em¬
But this is not all. The Western roads have been
ployees first to find the means to meet the expense.
going through a similar course of proceeding at the Confronted with such an alternative,these employees
hands of the Brotherhood of Railroad Trainmen and
might then themselves appeal to the Commission and
the Order of Railway Conductors, who also asked for ask the latter’s consent to
higher rates. Such an
higher pay. Here an agreement has been reached appeal might prove a great deal more effective than if
granting a flat increase in wages of 10%. This, we the managers made it. At all events, the matter
are told in the news
dispatches, will mean an added ought to be put up to the employees themselves,
expense of $5,000,000 a year to the railroads.
and if then they choose to strike let them take the
Can the Western managers
justify these increases? responsibility and let the public know where the blame
Can they justify any increase at all at this
juncture? belongs. The cost of living is now declining, and this
The state of general business
certainly does not is no time for granting gratuities.
cases
than
warrant
any
larger outlays, seeing that trade is
Deo. 31
1910.)
THE CHRONICLE
1731
forthcoming report, State Comptroller Clark (just how few was not stated) only wanted a train at
of office with the close of the any particular hour and minute, it must be found
year—discusses suggestively the new inheritance-tax ready. For do not railroads exist “for the public,”
law. He shows that the State cannot expect the in¬ and are they not to “serve”?
crease in revenue counted upon.
The tax is so easy to
Nobody denies the abstract proposition; how far
evade.
Thus there is a new ground of objection to it. it can be carried into practice (without
bankrupting the
Avoidance is possible by a mere change of domicile. road, for instance) is still to be definitely determined.
A New York citizen who chooses to transfer his Meanwhile, it is timely to note that the railroads
really
estate unimpaired can remove from the reach of this desire and strive to
please.
tax all his property situated outside by moving his
Existence of such a body as an Art Commission,
legal residence. And the city business man has his
choice of two States conveniently near; if he wishes notwithstanding the very word “commissions” be¬
to protect his 'New York property also, says Mr. gins to put the careful citizen upon
inquiry, is amply
Williams,-“he has but to organize a corporation in justifiable, and even necessary, in such a city as this,
another State and transfer his property to it in pay¬ provided the “Art” is genuinely in the men
composing
ment for its stock.”
it, and provided their feeling for beauty is qualified
This country has gone far on the very questionable and guided by sound business and good sense. There
and dangerous path of using taxation for purposes is need of some power to preserve the
city from archi¬
tectural
and
monumental
beyond revenue and even inconsistent with revenue.
horrors, and from such mon¬
But when the State, through a graded tax, seeks to strous crudity as caused a park commissioner,
many
take 10%, 15%, 20%, and on amounts above $1,- years now past, to set himself at
cutting away trees
000,000 even 25%, of the bequest, it is time to call a in Central Park so as to open what he called “vistas,”
halt.
A sure result, which has already begun to which were views of elevated structures and other
city
show itself, is to expel capital, and this country, which characteristics that had been
cleverly screened from
still needs capital for development, cannot afford sight by the landscape gardeners who created the
to threatcn.it.
Expedients to “reach” everything park out of a rocky waste.
and everybody, resident and non-resident, will cer¬
The minutes of the Art Commission for 1908 and
tainly make all American securities less desirable in its reports for that year and 1909 indicate that
the members possess activity, public spirit and some
foreign eyes.
The situation is greatly aggravated where the genuine art sense and common-sense.
Their report
Empire State alone embarks upon such a course, for for 1909 is illustrated, not with pictures of what might
the inevitable effect will be that other States will gain be, but of what is, accompanied by brief comment.
Some very good monumental works are misplaced,
capital at its expense.
This latest tax schedule was enacted hastily, with- not having good backgrounds and being in a huddle
out thought.
Governor Dix is a business man, not a of traffic. Conspicuous examples are the Washington,
politician in the usual sense. He may be expected to Lincoln and Greeley statues; also that of Nathan Hale.
judge business subjects rationally. This is one of Examples of good background and surroundings are
many subjects which deserve a cool and sane review¬ the Soldiers’ and Sailors’ monument and several ani¬
mal figures in the parks.
ing.
Some examples of hideousness are almost depressing
A special news dispatch to the “Times” tells us that to artistic hopes.. The Brooklyn Heights Association,
passengers awaiting incoming or outgoing trains in mentioned in the “Chronicle” at the time of its found¬
the Union Station of the Pennsylvania road in Pitts¬ ing a year or more ago, shows us particularly the
burgh are hereafter to be entertained into forgetfulness Brooklyn approach to the first bridge, as a shocking
of delay by moving picture shows.
The films are to example. The structures at that place are really as
be changed daily, and a strict censorship will exclude unsightly and as little related to anything beyond
everything objectionable. Utility is to be consid¬ unrelieved ugly utility as are the pig-sty and woodshed
ered, also, for instead of being given by a voice bawl¬ extension of a rural farmhouse. One bridge over the
ing through a megaphone, the train announcements Seine and the Westminster Bridge in London are shown
as examples of what might be.
will be projected upon the picture field.
The association de¬
Supposing this story correct, it gives another ex¬ sires the city to acquire several strips of private prop¬
ample of progressiveness and of a desire to court public erty in that neighborhood, now assessed at a little over
favor.
What Tennyson called “the many-headed 2]4 millions. That this is desirable, and that on its
beast” keeps a growl always ready, and is just as intrinsic merits and advantages it ought to be done,
unanimous in demanding more and more done for it can readily be granted; that it is feasible at present
is much less clear. Incidentally, however, we may
as in complaining against even the smallest increase
in rates.
When the Long Island road abandoned, take the case as one more example showing that the
because no longer profitable to it in any sense, a ferry city ought to conserve its financial resources for its
which it had maintained for some years between Wall many growing needs, and not load itself almost to
Street and Long Island City, there was a complaint staggering by subways which private capital is ready
which was rather faintly echoed when the annex boat to build.
between Brooklyn and Jersey City was recently dis¬
The catalogue of works of art owned by the city
continued, for the same reason. The complaint includes 174 portraits, 17 mural decorations, 17 tab¬
seemed to hold that if a particular convenience had lets and 205 pieces of sculpture—such as they are,
once been established, it could not be withdrawn for
we must reluctantly add.
Yet it is something that
any reason; and if the argument set up were pushed beauty’s own justification for being is admitted, even
to the extreme it would declare that if some patrons as an abstract proposition.
Materialistic as we still
In his
Williams—who goes out
*
1733
THE CHRONICLE
[Vob.
LXXXXI.
it is a step in progress that we are beginning to while the total amount of bullion on hand ($156,777,725)
perceive that beauty is also a commercial asset and is also above the average. There can be little doubt
are,
can
make commercial returns.
That
we
do not, as yet,
that the usual return flow of cash will take
place after
very well
not really
know how to be decorative and artistic is the new year opens, and that the banks, having ac¬
discouraging, as against evidence that we complished their “window-dressing,” will again ac¬
are
a
feeling desire and reaching a determination to be cumulate bills for discount and thus relieve the Central
so.
Ugly things are not necessarily things of utility, Bank of its extra burden. The sound state of the
and useful things can be beautiful also; it is much to London
money market is reflected by the lowr rates
current for bills—less than 3J4%.
perceive this.
On the Continent rates
are
lowrer rather than
higher
Superficially there have been one or two develop¬ as compared with a week ago. The Imperial Bank of
ments suggestive of monetary stringency here and
Germany secured some $2,500,000 new gold in London
abroad, but the truth is that a year has seldom closed on Wednesday, and this contributed to wreaken dis¬
with conditions
so
comfortable in the
centres of the world.
on
leading financial
A rise in call loans in New York
Thursday to 5%, though the maximum rate
re¬
corded since the first week of January last and yes¬
terday to 7% for a few transactions, meant only
the calling of loans by several of the larger down¬
institutions
town
sums
for
that
must
provide
considerable
corporations about to disburse January divi¬
dends and interest
on
bonds and notes.
On the
same
days Stock Exchange facilities for long periods were
a new low charge for
the season, namely
3 34%.
It would not be much of an exaggeration to
state that funds are almost unlendable for speculative
purposes, while even the demand from mercantile
obtainable at
for a time so extensive as to maintain dis¬
nearly 1% above interest rates, has diminished
so
radically that high-grade bills can be placed at a
minimum of 4%. Last Saturday the Clearing-House
banks were able to report a small gain in
surplus,
bringing the actual total up to $9,895,725, and, though
the heavy transactions incidental to the end of the
year may weaken the banking position for a week or
two, every confidence is felt that before the end of
January the position here will be one of great strength.
Indeed, everything points to a period of abnormally
cheap money in the early months of 1911.
sources,
counts
Abroad the most notable incident of the week
drop in the
was
counts in
Berlin; bills nowr forwarded from Newr York
accepted on the low* basis of 3%%, which is 134%
under the Reichsbank’s minimum charge, a difference
wide enough to portend a reduction in the official
quotation in the early part of 1911. The Bank of
France this week sustained a loss of $2,000,000 in
gold
and silver and wras obliged to increase its note circu¬
lation and bills discounted by more than $56,000,000;
yet the discount rate in Paris has fallen t-o 2%%. An
official statement issued by the French Bank yesterday,
referring to its refusal to sell gold for export, explained
that the measure was not directed against America,
but wras merely a precaution to protect the gold reserve
in viewr of the bad crops in France and the con¬
sequent purchases of cereals abroad. As to the
probable course of rates in the new year, no
very definite predictions need be ventured, as the
generally expected easiness may be checked to some
extent by extensive applications for new capital on
the part of governments, municipalities, railways'and
other corporations.
The cables announce that a
South Manchurian loan of $30,000,000 is about to be
floated in London, where the total new issues for the
year have approximated $1,350,000,000.
are
According to
some
Washington correspondents, the
attacking trusts
unabated zeal of the Government in
of the Bank of England from (which are assumed to constitute one side of a real issue
46%% last wreek to below 38% this week. A decline while the people at large constitute the other) is now'
of 834% looks somewhat startling, but when the cir¬ to undertake more labor
by proceeding against the
cumstances are understood and precedents are recalled
companies that make electrical goods. Assuming that
to mind, the matter, it is discovered, is quite in line the announcement is not
premature, and taking (as
with the natural order of events during the final week for the
purpose wre may do) electric light and electric
of December.
The decrease in the ratio of reserve
pov'er as one subject, we may point out, in reasonable
was brought about less
by a shrinkage in bullion of mitigation of any sins laid to these companies’ charge,
$7,540,000 than by an expansion in what is technically that the service to the public is enormous. It is al¬
called “other securities,” but what is really equivalent most
impossible to estimate the debt to the genius who
to loans as understood in this
country. The increase produced those twro great modern applications. With¬
in this account reached $42,845,000.
It may be well out electrical propulsion, rapid transit by all urban
to explain that it is customary for banks
carrying large and rural electric surface lines would not exist and all
quantities of long bills, or discounts, to turn them into underground and under-river tunnels v'ould be im¬
the Bank of England just before the end of the
year possible.
This agent of inestimable service came just
and have the money derived therefrom credited to as it was
needed, and it wall do us no harm to remem¬
their accounts. One logical result of this operation ber that we have no
right to demand it as a gift.
was disclosed this week
But the most interesting point in this new' line of at¬
by an increase of $30,115,000
in ordinary deposits, the
majority of those who tack concerns the relation of patents to it. It is un¬
handed their bills to the Bank for discount
having deniable that some abuses, almost leading to a just
simply had the proceeds deposited in their names. suspicion of collusive action in some extreme cases,
An English financial institution likes to be able to have arisen in the
operation of the patent system. It
record in its Dec. 31 balance sheet a
generous amount is known that self-interest has not invariably moved
of cash to its credit in the Bank of
England, since this owners of patents to bring them into prompt w'orking,
money is tantamount to cash reserve.
We might add as it was assumed they would naturally do; on the con¬
that the 38% proportion of reserve is the best re¬
trary, patents on improved devices have sometimes
corded in the closing week of the
year in recent times, been withheld from use by their owners through asa
reserve
,
Deo.
1733
THE CHRONICLE
311910.]
signment, because they saw more profit by withhold¬ mans, Hebrews, Poles and Greeks continued com¬
ing than by working. It is fairly open to argument paratively large and quite generally* in excess of a
whether the patent law ought not to be somewhat year ago.
For the eleven months of the calendar year 1910 the
modified in the interest of the whole people—whether,
in particular, it would not be wiser to adopt the Euro¬ total inward movement of aliens (immigrant and non¬
pean practice of voiding a patent which is not worked immigrant combined) was 1,154,679, against 1,063,486
according to some specified minimum of degree and :*or the like interval of last year, 496,474 two years
time. This, however, need not be discussed,since it ago and 1,428,361 in 1907.
Emigration of aliens in
is wholly a question for the future and has no bearing November was along moderate lines and rather less
than for the same month of recent years.
For the
upon any existing patent.
To permit the owner of a patent which is of public eleven months of 1910 the efflux of steerage passengers
importance and is now in profitable working to acquire aggregated 365,852, against 299,802 last year, 559,816
and lock up another patent which he perceives would in 1908 and 438,540 in 1907.
Striking a balance be¬
reduce instead of increase his profits, is undeniably tween the inward and outward movements, we learn
towards monopoly; to make his own terms for mar¬ that for the eleven months since January 1 1910 there
keting a patented article is also monopolistic. There was a net gain of 788,827 in the foreign-born popula¬
is no question that this familiar word, now used as a tion of the country, this comparing with an addition
missile and imagined to be deadly to the object aimed of 763,684 in the period of 1909, a loss of 63,342 in
at, may be justly leveled at every patented article 1908 and an increase of 989,821 in 1907.
in the list.
But it might clear the mind to remember
that no article is a genuine monopoly unless the law
Foreign discount rates close the year on a remarkahas exclusively given it to one producer or seller and bly low level.
The drop of 8J^% in the ratio of re¬
serve carried by the Bank of
England has not been
prohibited it to all others. In the time of John Hamp¬
followed
den, the sovereign made such grants; they are forbid¬
by any notable rise in the value of money,
den and hated in this country, except that the patent although naturally the undertone is firm on account of
law founds one, which is at once solitary and absolute. the imminent settlements. The range for sixty and
This law grants an “exclusive right to make,use ninety-day bills to arrive next month is 334 to 3% %,
and sell”, and every existing patent is clearly a con¬ while spot bills are negotiable at 3 7-16% to 33^%.
Just what is involved in this exclusive right In Paris there has been a recession to 2%% for both
tract.
must be left to the courts; but the language is appar¬ spot bills and bills to arrive.
Berlin has again been
benefited
ently as broad as could possibly be made. In Section 8
by the importation of gold from the Lon¬
of the Constitution, the framers, with monopolies a don open market; the private discount rate there has
subject fresh in their minds, enumerated among the weakened to 43^% for spot bills and to 3^% for bills
powers of Congress “to promote the progress of science to arrive, the latter figure suggesting that a reduction
and the useful arts by securing for limited times to in the Bank rate is looked for early in the new year.
authors and inventors the exclusive right to their re¬ Amsterdam quotes 3^% for commercial and 4%
Brussels is a shade firmer
spective writings and discoveries.” The right is here for finance paper.
at
declared to be “exclusive,” with only a limitation in
33i%.
The
Bank of England disclosed in its weekly state¬
time. The motive is declared to be the general pub¬
ment
issued on Thursday a loss of £1,508,348 bullion,
lic good; and while it is permissible to argue whether
the exclusiveness should not be
modified hereafter, for and since
the better furtherance of this
general good of the coun¬
try, the absoluteness of the right and its breadth seem
clear.
Relief from the burden of
in the pur¬
chase price of improvements, is provided by limitation
in time; endure it, and it comes to its end.
As for the
reported contention that the electrical companies
have no valid patents in force on lamps and cannot
lawfully fix prices on those because of patents on ma¬
chines used in making them, is not this a question of
fact in the open market? If the fact is that lamps
cannot be made in competition, without using patented
methods, control over those methods seems to involve
control of the prices of the product of those methods.
Thus we come back to the exclusiveness decreed by
a patent for a limited time, and the natural remedy
is to restrain impatience until the grant expires.
monopoly,
as
exports to India and
The total decrease in
reserve was £1,475,013.
As is usual at the end of
December, the Bank was called upon to accept a mass
of long bills for discount; loans showed the
very large
increase of £8,569,068, the bulk of which, however—
£6,023,081—was placed to the credit of ordinary de¬
posits. Public deposits were swelled to the extent of
£1,068,095. Our special correspondent in London
the Continent of £450,000.
advises
Immigration into the United States during Novem¬
1910, while noticeably less than for the same
period of 1909, was very much greater than in 1908.
The total influx reached 86,144 (comprising 74,353
immigrant and 11,791 non-immigrant aliens), con¬
trasting with 98,020 in the month last year and only
50,965 in 1908. Italians, as usual, made up the greatest
quota of the aggregate, but arrivals of English, Ger¬
us
that
gold
was
exported during the week in
considerable volume to Egypt and India, and that the
bullion held at the close of the Bank week was
£31,-
355,545. The ratio of reserve to liabilities decreased
from 46.35% last week to 37.86% this
week, which
figure has not been exceeded in the final week of De¬
cember for
number of years.
Our correspondent
further advises us that the loss of bullion for the week
was due in the main to
shipments to the interior of
Great
ber
then there have been
a
Britain, but exports to Egypt were also of rather
large volume, as already stated. The inflow into the
Bank was light and was made up largely of
purchases in
the open market. The del ails of the movement into and
out of the Bank were as follows: Imports, £90,000
(of
which £6,000 from Australia and £84,000 bought in
the open market);
exports, £604,000 (of which
£341,000 to Egypt, £130,000 to Bombay, £100,000 to
South America and £33,000 to various destinations)
1734
and
THE CHRONICLE
shipments of £994,000
net to the interior of Great
Britain.
f
[VO-L.
Most financial institutions
as
well
as
LXXXXt.
mercantile
com¬
panies have been too busy with other matters calling,
for adjustment before Dec. 31st to
pay much attention
*
That there had been over-expansion of bank credit to commercial paper transactions. The out-of-town
•and that a day of reckoning would come, probably at demand has been
fairly good, and the drawing of bills
the end of the year, was a claim made six months ago, has fallen off to such an extent that rates have re¬
and even three months ago.
But what has the end sponded quickly to the fall in money. The best 4 to
of the year actually brought to the local money 6 months’ single-name bills and 60 to 90
days’ endorsed
market? Although there was a temporary rise in bills receivable can now be
placed at 4@4%%, while
over-the-year loans yesterday to a maximum of 7%, ordinary single names range from 4% to 5%. After
the average ruling rate for call loans in this, the Tuesday’s settlements have
been effected more
final, week of the year has been under 4%, time activity is expected.
money has declined to the unusually low rate of
3%@3%%, and at the same time commercial paper
Foreign exchange movements have of late years
,
rates have weakened to
4@4%%. These quotations,
low as they are, do not fully represent the plethoric
state of the market.
Banks and trust companies
having large sums to lend on high-grade collateral have
been unable to find borrowers on the terms named,
become
so
erratic and
frequently
so
strikingly at vari¬
with trade and international monetary conditions
that movements which five years ago would have been
ance
regarded
sensational now excite little comment.
in, say, the summer of 1900, or even of
so
limited is the need for accommodation. Stock 1905, predicted that in the final week of the
year ster¬
Exchange houses complain that they are carrying ling would decline to the gold-import basis, his repu¬
exceedingly small lines of stock for their customers tation would have suffered severely. Yet that is ex¬
and that, far from having to borrow time money, they actly what has happened in the
closing days of 1910.
are in a position to enter the market as lenders.
The The fact does not appear to have become widely known
easiness has been contributed to by the withholding
of new offerings of securities pending the opening of the
it is computed that the flotation of loans by
pilroad and other corporations during the second half
of 1910 has been equal to only half the amount sought
in the first six months of the year. The prospects for
distributing bonds and short-term notes, however, are
brightening, and extensive offerings are looked for
new
year;
within the next two months.
If the railroads
are
given permission, as they certainly should be, to advance
freight rates, a beneficent stimulus 'would be given
the development of transportation facilities on the scale
demanded by the growth of the country, and the new
securities issued for this purpose wrould tend to prevent
the rise in foreign exchange and the loss of gold to
Europe which not infrequently occur in the spring
of the year, to say nothing of the other advantages to
be derived by providing needed employ merit for labor
and orders for steel manufacturing, railway equipment
and allied industries.
Call money was not affected by the preparations for
dividend and interest payments until Thursday.
Until then the maximum
quotation for the week had
been
only 3%%, reached on Wednesday, while on that
day, as well as on Tuesday, obligations were renewed
at 3%%.
On Thursday some calling of loans took
place and a few borrowers paid as high as 5% in the
afternoon, but most of the business was done at 3}/2%
Yesterday eleventh-hour borrowers had to pay a
higher rate; the range was 0% to 7%, the final loan
being made at 6%%. These quotations cannot be
regarded as excessive for the last day of the year—
no call or time money loans are made on
Saturdays.
During the first half of the week the range for time
money was 3%% to 4%, but competition to place
funds became keener as the week progressed, and 011
Thursday contracts were entered into at a new mini¬
mum for the season—3%%.
Only in exceptional cases
can funds be placed at 4%, while even 3%% is not
always obtainable. The range may be given, there¬
fore, as 3%@3%% for all periods from sixty days to
six months. The activity noted in commercial paper
last week subsided during the last
two days.
•
as
Had any one
that New York bankers
bidders for the
$5,000,000
gold offered in the open market in
London on Wednesday.
We learn that one influential
institution was prepared to pay appreciably above
the Mint price for the consignment, and had the oppor¬
tunity offered it is probable that at the last moment
the limit would have been raised sufficiently to secure
the metal in spite of the rather stiff price paid by
Berlin and London.
The state of our foreign exchange
market can only be described as exceptional.
The
balance of our exports over imports for the year does
not at all warrant the demoralization now prevalent—
no large
quantity of exchange can be disposed of
above 4 85 for demand sterling or 4 85% for cable
transfers, while yesterday there was a sudden drop to
4 84% and 4 85%, respectively.
Nor does the relative
value of money here and in London conduce to ab¬
normally low exchange quotations, since time loans
here are virtually on a par with private discounts
abroad.
Unless bankers have misrepresented the
extent of their sales of securities to Europeans, by
greatly understating their volume of business,
the
explanation cannot be found wholly in
this
direction.
In
exchange circles a good
deal of importance is attached to the liqiudation of a
huge quantity of bills accumulated by a certain trust
company, whose directors decided that the money
thus locked up could be used to better advantage1.
It is currently rumored that the institution referred
to carried upwards of $25,000,000 of exchange, and
that the great bulk of this was forced on the market
this month. After all this has been said,however, the
position still remains puzzling. There has been an
unseasonable lack of inquiry for remittance during the
last fortnight.
It was thought that after the final
steamer-to reach Europe this year had sailed from New
York the buying of cable transfers to meet January 1st
obligations would become extremely keen. But noth¬
ing of the kind has been witnessed. Insteadthe
quotation for cable transfers within the last week has
fallen from 4,85% to as low as 4 85%. Certain opera¬
tors, however, do not calculate upon further weakness
immediately after the year ends. They reason that a
new
South African
were
Deo.
large percentage of the dividends and interest
very
1735
THE CHRONICLE
311910.]
payments on American secruities now abroad will
have to be remitted, not before but after Jan. 1,
and that, consequently, there will
demand for exchange in the first
be an increase in the
half of next month.
Dec. 30 1909.
Dec. 29 1910.
Banks
of
Gold.
Silver.
Total.
Gold.
Silver.
Total.
£
£
£
£
£
£
31,355,545 32.628.075
32.628,075
31,355.545
139,814,820
174,855,180
164,220.400
35,040,360
131,176,400 33.044,000
36.714,700 13.602,750 50,317,450 37,327,300 11,857,800 49,185,100
Germany
Russia
7.062.000 147,952,000
148,082.000
6,190,000 154,272,000 140,890.000
Aua-Hun
55,133,000 12,040,000 67,173,000 56,487,000 12,407.000 68,894,000
16.418.000 30.782.000 47.200,000 16,114,000 30,782.000 46,896,000
Spain
3,990,000 42,470,000
39,245,000
3,500,000 42,745.000 38,480,000
Italy
2.990,400 13,071,400
Nethlands 10,354,000
2,057.600 12,411.600 10,081,000
4.226,667
2,113,333
6,340,000
8,286,000
5,524.000
2.762,000
Nat.Belg.
4,468,000
Sweden
4,468,000
4,473.000
4,473,000
Swltz’land
4,984.000
4.984,000
6,260,000
6,260,000
1,777,000
1,777,000
1,785,000
1,785,000
Norway
England..
France
.
..
....
well be weaker than it
could the dulness be much
The market’s tone could not
has been this week
nor
pronounced. The principal handlers of ex¬
change have endeavored, whenever possible, to avoid
having to press their bills on the market. Yet the
movement throughout the week has been downwards
rather than upwards, although, until yesterday, quo¬
tations scarcely moved; sight drafts had ruled between
more
4 8505 and 4 8515 and
cable transfers between 4 8540
and 4 8550; but yesterday a break to 4 84% for
mand and to 4 85% for cable transfers was quickly
de¬
fol¬
lowed by a recovery to above 4 85 for demand and to
4 85%
for cable transfers. It is quite within
the range of possibility that New York will again be
a competitor for gold in London next Tuesday.
Compared with Friday of last week, sterling ex¬
change on Saturday was practically unchanged. On
the resumption of business on Tuesday, after the holi¬
day, demand declined to 4 8510@4 8515, cable trans¬
fers to 4 8545 @4 8550 and sixty days to 4 8240 @
4 8245.
On Wednesday demand fell to 4 8505 @
4 8510 and sixty days to 4 82 @4 8210; cable transfers
remained virtually unchanged. Demand on Thursday
closed weak at 4 85@4 8510, cable transfers at 4 8540
@4 8545 and sixty days at 4 8195 @4 8205. On Fri¬
day the violent fluctuations already described oc¬
curred.
following shows the daily posted rates for
sterling exchange by some of the leading drawers.
The
Thurs., Fri..
Mon..
Wed.,
Tues.,
23 Dec. 26 Dec. 27 Dec. 28 Dec. 29 Dec. 30
Fri..
Dec.
83
83
83
83
\ Sight-- 4
/ 60 days 4
Kidder.
\SIght-. 4
Peabody & Co__
(60 days 4
Bank of British
North America
\ Sight-. 4
Bank of
/60 days 4
Montreal
\ Sight.. 4
(60 days 4
Canadian Bank
of Commerce
—\ Sight.. !4
(60 days 4
Heidelbach, Ickelheimer & Co
—\Sight-. i4
f60 days 4
Lazard
\Sight-_ 4
Freres
Merchants’ Bank
J 60 days 4
of Canada
ISlght.. 4
86*
86*
86*
86*
86*
83
86
83
86
83 *
86*
83*
86*
83
86*
83
86*
83
83*
86*
83
86
83
86
83
86
83
86
83
83
86
83
86
83
86
83
86
83
83
86
83
86
83
86
83
86
83
86
83
86
86*
82*
85*
86*
82*
85*
86*
82*
85*
83*
86*
83*
86*
83
86
83
86
83
86
The market closed
on
J60 days
Brown
Bros. & Co
4 83
_
—
—
HOLIDAY
83
86
83
86
83
86*
Friday at 4 82 @4 8225 for
days, 4 85@4 8510 for demand and 4 8545@
4 8550 for cables.
Commercial on banks was quoted
at 4 81% @4 81% and documents for payment 4 81%
@4 81%. Cotton for payment ranged from 4 80% @
4 81, grain for payment from 4 81% @4 81%.
‘
60
following gives the week’s movement of money
and from the interior by the New York banks.
The
to
Received by
Week ending Dec. 30
1910.
Gold
Total
gold and legal tenders
With
the
Shipped by
N. Y. Banks. N. Y. Banks.
Net Interior
Movement.
$7,670,000
2,064,000
$4,528,000 Gain
1,194,000 Gain
$3,142,000
870.000
$9,734,000
$5,722,000 Gain
$4,012,000
Treasury operations the
result is
as
follows.
Into
Week ending Dec. 30
1910.
Banks.
Out of
Banks.
Net Change in
Bank Holdings.
...
_.
_.
Total week 486,520,645 103,978,350 590,498,995 487.277,862 106,242.893 593.520.755
Prev .week 489.033,196 103,884.027 592,917.223 488.925.988 106.850.403 595.776.391
PROSPERITY AND POPULATION.
Both at home and
abroad, the lately published com¬
plete figures of the Census Bureau, on the increase in
population in the United States between 1900 and
1910, have attracted great attention. European
critics in particular, both political and financial, have
aid great stress on the enormous addition to the
national strength, prestige and opportunity shown by
these striking figures.
At home, discussion has con¬
verged more closely on the question just what changes,
if any, in the financial and industrial situation are
foreshadowed by the returns.
The figures in themselves are such as no other modern
State has ever been able to submit.
During the past
ten years the population of the United States, ex¬
cluding the Philippines, has increased 15,977,691 over
1900, the ratio of increase for the period being 21%
and the total population at the present time being
91,972,266. It is noteworthy that the actual increase
for the decade past has been greater by nearly three
millions than the increase in the decade following 1890,
which was 13,046,861. The ratio of increase for that
decade amounted to 20.7%, showing a remarkably
constant forward movement, even on the percentage
basis. Surveying the whole period since 1890, the
spectacle of an increase of 46% in the country’s popu¬
lation during twenty years is, to say the least, a most
impressive sociological and historical phenomenon.
In one respect the figures submitted by the Census
have been not only peculiarly interesting, but some¬
what perplexing. In view of the great expansion of
American agricultural production during the decade
past—which has been in some respects the salient
movement of the period—there was natural curiosity
as to what would be the relative showing of movement
of population as between the cities and the rural
districts, the manufacturing States and the agricul¬
tural States, the East and the West, and, in a general
way, between the consuming communities and the
agricultural producing communities. To test this
matter in the broadest way, in the light of the Census
figures, one may select some typical States of each,
description and see what they individually show.
New York, Massachusetts and Pennsylvania will
fairly stand as representative of Eastern States which,
from an agricultural point of view, are consumers
rather than producers, and whose population is metro¬
politan rather than rural. Of these three States the
decade’s increase in population in New York has been
25.4%; in Massachusetts 20%; in Pennsylvania 21.6%,
and the total increase in the three States foots up
something over 3,700,000.
Iowa, Kansas and Nebraska, on the other hand, are
c
$39,499,000 Loss $1,965,000
$37,534,000
Total gold and legal tenders
fairly typical of agricultural States. Iowa shows prac¬
The following table indicates the amount of bullion tically no increase in population for the decade; Kansas
ncreases 15%; Nebraska 11.8%, and the total addiin the principal European banks.
Banks’ Interior movement, as above.
Treasury operations
_
$9,734,000
27.800.000
$5,722,000 Gain
33,777.000 Loss
$4,012,000
5,977.000
1736
THE CHRONICLE
tion to
population in the three States comes to only
352,000. .This is a somewhat startling result; the
inferences from it are hardly modified
by such per¬
centage increase in population as the 45.4% in South
Dakota and the 109.7% in Oklahoma, since both those
States began with a wholly insignificant
population
in 1900, so that a large
percentage of increase was
made possible on a comparatively small addition to
actual inhabitants.
But if this is the
between
agricultural and
metropolitan population, it will be natural to ask
what light it throws on the manifest
tendency in certain
agricultural markets for our exportable surplus of
certain products to decrease and for prices on home
markets to go higher.
On the face of things, it would
seem that the
theory of a diminishing export surplus
would be strongly confirmed by the Census
figures.
But such a conclusion must not be too
hastily adopted.
In the first place, it has been shown that, somewhat
contrary to the general impression, the average size
of all our annual agricultural crops has increased dur¬
ing the period at a possibly larger percentage than the
country’s population itself. Furthermore, it must be
remembered that with agriculture one
thing is true
which is not true with
manufacture—namely, that
expansion of farming area and agricultural output is
possible without an equivalent increase in population.
In other words, the problem of
finding or creating
fertile lands, hitherto not available for
production, is
the fundamental question rather than the
providing of
fresh human energy in a similarly increased ratio.
But, on the other hand, it is altogether probable, and
is, in fact, very largely confirmed by the figures of
total production and home
consumption of such staple
crops as wheat, that the average annual consumption
per capita in this country is considerably larger than
it was in the preceding decade. This would
operate,
quite as manifestly as an increase in population, more
rapid than increase of production, to restrict or reduce
the surplus of such products available for
foreign
markets.
These
are
some
from the Census
of the
figures.
immediate conclusions
But there are also certain
have appealed most im¬
more
LXXXXI.
France must go to the outside world for its cotton and
its copper; Germany for its textile
a
very great part
material; Russia for
of the manufactured goods which it
This consideration is of fundamental im¬
consumes.
portance, not only economically but politically. We
have often been summoned by our Government au¬
thorities to contemplate the case of the United States
if involved in war with a first-class
foreign State.
What
case
[VOL.
we
have shown
could live off its
of
already, that the United States
own resources
production, is
a
and continue the work
consideration of paramount im¬
portance.
But that is not all.
ETnited States
by
any
Declaration of
war
with the
first-class industrial State of
Europe, and consequent blockade of international
trade, would inflict on that State, and on all other
European States whose access to our commodities
was impeded, a
paralyzing blow. These two considera¬
tions we have always considered as the normal and
natural defense to our country against
a conceivable
attack by foreign Powers.
That our acquisition of the
Philippines weakened to some extent this strong posi¬
tion must be frankly acknowledged;
but in that regard,
at
immense increase in naval
has safeguarded the United States. Secretary
Dickinson, in his recent alarmist appeal for an enor¬
mous land armament to
protect us against the aggres¬
sion of foreign States, was careful to ignore such other
fundamental economic considerations as we have just
any rate, our recent
power
recited.
There
are
two
perplexing considerations which arise
in
studying these Census figures. One of them is,
our agricultural
production can in the future
keep pace with what seems to be our rate of increase in
population. There are many high authorities who
whether
have warned
become
us
that the United States must
soon
extensive
grain importer. This is conceiv¬
able; but it can hardly yet be admitted as an imminent
source of
misgiving, when the question of extending
available agricultural land through irrigation seems
to be all but in its infancy.
Even as regards the
highly perplexing question of cotton culture, one may
fairly keep in mind the veiy remarkable fact that the
an
larger inferences which
South has continued to increase its
aggregate output
pressively to the minds of foreign critics. In the of that staple despite the,very widespread prevalence
first place, this prodigious increase in
population, in a of careless farming. What can in the future be
country with such opportunities for employment and achieved, whether in grain or
cotton, through appli¬
production as the United States, emphasizes greatly cation of scientific culture, is as
yet an unsettled
the belief, which had been
growing during many pre¬ problem.
ceding years, that the United States is able from
The second question has to do with the character of
almost any point of view .to
provide for its own re¬ the immigration which has played so large a part in
quirements. To put the matter in the most striking- this great increase of the
country’s population. The
way, it may be said that if all the rest of the world
problem has puzzled many,minds, during many years
were
conceivably to be obliterated from the exchange of the country’s history. All sociologists have ob¬
of trade, the United States could still
provide for its served and frankly recognized the remarkable manner
own absolute necessities in
food, clothing and ma¬ in which the real assimilation of our foreign-born
terials.
Where the continuous expansion
of agri¬ citizens and their children has progressed. That,
cultural area has provided for the one set of
require¬ taken as a whole, they become in no very extended
ments, the still more rapid growth of our manufactur¬ time
genuine American citizens, with American in¬
ing cities in plant and population has provided for the stincts and American
aspirations, is admitted by all
other. So fortunate is the American situation
that such critics, from De Tocqueville to Bryce.
That the
even in such an article as
gold it still stands self- assimilation process, in the case first of the Germans
supporting.
and then of the Swedes, is now nearly complete, is
Nothing; like this is true in anywhere near the same nowadays a commonplace assumption. The later in¬
degree in any foreign State. England, for instance, gress of Italians, Russians and Bohemians creates a
is wholly dependent on the outside world for
an ade¬
more complicated problem;
yet observation of what
quate supply of grain and for any supply of cotton. has
happened in the second and third generations of
Deo.
311910.]
THE CHRONICLE
1737
the earlier
immigrants gives every reason to believe covered by the railroads concerned. The protracted
that this problem also will be solved in the regular uncertainty
produces an unusual degree of caution
progress of events.
among business men and bankers, who hesitate to
Within another half decade, the population of the make
predictions regarding the coming year, which at
United States will have passed the 100,000,000 mark. its
beginning is overshadowed by clouds of doubt.
When one considers the generally
An
homogeneous char¬
adjustment of the rate situation to the satisacter of the American population, the immense
?action
of the carriers is looked upon
oppor¬
as a subject of
tunities for their productive activities and the general more
importance to the welfare of the country than
movement toward comfort and
are
the
decisions in the cases against the Standard Oil
prosperity which has
always marked the American community as a whole, Co. and the American Tobacco Co., which involve a
the Census figures may be made a text for the most construction of the Sherman
Anti-Trust Act. This
hopeful outlook towards the future. As compared view is taken because the feeling very widely prevails
with the 91,900,000 population of the United States that the
Supreme Court will find a way to overcome
in 1910, Great Britain in its recent Census
such
evils
as may exist without
reported
hampering business
only 44,500,000; France 39,200,000, and the German conducted in legitimate channels. Extreme radical
Empire something slightly in excess of 60,000,000. views expressed in political conventions and
during
Our own Continental population exceeds the
joint the excitement of campaigns has thus far not affected
population of Great Britain and France, and pushes the courts, which remain unsullied. The
Supreme
close on the population of England and the German Court has not
strayed from safe and sound reasoning,
Empire combined. This, we fancy, is an aspect of the and there is an abiding faith that its findings
in the
case which will
impress itself more and more on the important pending cases will not be unsatisfactory
minds of people who measure the actual
strength of to business interests at large.
one modern State
All things considered,
against another, and will add its
therefore, so far as human
weight to the efforts of the American people in behalf foresight may penetrate the future, a settlement of the
of international peace
THE
RATE
and arbitration.
CONTROVERSY
AND
rate
BUSINESS.
It is well that it should be
recognized
roads are hard pressed in these
that the rail¬
days. They suffer in
common with all other
persons and corporations, be¬
cause the cost of
supplies of every kind has been largely
increased, and in addition they bear the burden of
increased wages which have been raised through
necessity. In the third place, they are handicapped
by Federal and State regulations and by a multiplicity
of suits, which not only increases the
expenses of the
legal department but detracts the attention of officers
and employees, from work which strictly pertains to
the corporation, to the supplying of evidence and testi¬
mony in many tribunals.
There is only one remedy
open to the carriers to lighten the burdens thus im¬
posed, and that is to enlarge their revenue by means
of increased rates.
On account of the
uncertainty
as
to whether the
railroads will be afforded any relief
through an ad¬
vance in rates, the railroads have been unable to
adopt
policy as to expenditures for the coming year. Not
being able to ascertain what revenue may be expected,
a
the railroad managers do not know what funds will
be available for expenditure, and hence
they have not
felt that
controversy to the satisfaction of the railroad
managers will do much to insure prosperity for the
coming year. So far as the Inter-State Commerce
Commission is concerned, all doubt on this
point will
soon be
dispelled. The creation of the new Commerce
Court injects an unknown factor which will need to be
reckoned with before the year
is
over.
JUSTICE LURTON ON JUDICIAL POWERS AND
LIMITATIONS.
To the
January issue of the “North American Re¬
Supreme Court contributes
on
the
17-page article
question whether we of this
view” Justice Lurton of the
a
have a government of law or one of men.
question as put all men would give the
same answer;
yet there is a visible tendency to strain
against limitations- and to applaud those in power
when they do things which please
us, or to doubt their
authority if we do not like their acts. Mr. James
Bryce has noted this and has remarked that the multi¬
tude here no longer fears its
rulers, for “it is itself the
ruler, accustomed to be coaxed and flattered.” Nor
do outcries against Constitutional restraints come
only
from those who find them barriers
against assaults on
property and contract rights; they come even from the
country
are to
To the literal
class who are supposedly sheltered
they could place orders for supplies.
from popular
delay in obtaining a decision re¬ legislation by the safeguards which many voters desire
garding rates does not stop there. If a railroad is not to sweep away. In proof, Justice Lurton
quotes from
going to be able to demonstrate to bankers and in¬ a late address by a prominent life insurance man who
vestors that its surplus revenue for 1911 will increase is
seeking Federal control, as a counsel of despair;
over such revenue for 1910, but
this
may in fact fall below
speaker says that “cries for Federal control are
the revenue for this year, its credit will be curtailed the
growing pains of a great people.”
and it will not be able to sell new issues of bonds except
The point to which Justice Lurton addresses him¬
upon such unfavorable terms as are almost prohibitive. self is this:
Lacking the proceeds of bond sales, the railroads wil
“The contention that the
obligation of a Consti¬
be unable to enter upon the work of making important
tution is to be disregarded if it stands in the
way
improvements or of adding largely to motive power, that which is deemed a public advantage, or that of
a
valid law under the Constitution is to be
cars, bridges, tracks and improved terminals.
interpreted
This enforced hesitation on the part of the railroac or modified so as to accomplish that which the execu¬
tive administering it or a court called upon to enforce
managers affects a wide industrial sphere, and even
it shall deem to the public
advantage, is destructive
extends down through the wholesale and jobbing trade
of the whole theory upon which our American com¬
to the retail merchants all over that part of the
country monwealths have been founded.”.
The effect of the
1738
THE CHRONICLE
Two
dogmas, he adds in proof, were universally
accepted when the Union was born and were taken as
fundamental: one was that all power resides in the
people and the government they set up “was a dele¬
gated authority limited by the creative act of the peo¬
ple the other was that of distribution of government
between independent departments, as being the best
safeguard against usurpations. “The idea of an abso¬
lute democracy found no favor whatever/7 he says.
The model taken was “a representative constitutional
democracy/7 and the form of republican government
which the Constitution says shall be guaranteed was
the form then existing, “a form inconsistent with a
pure or absolute democracy.77
In several sharply and compactly written pages
Justice Lurton shows irrefutably that this separation
and independence of governmental functions has been
deemed fundamental from the beginning-—a proposition
which every student of history well knows. Much of
the popular misconception of the scope of judicial
powers, he says, grows out of a misconception of the
power to declare some statute repugnant to the Con¬
stitution.
Were
constitutions
mere
declarations of
principles, akin to party platforms, then the courts
would be without right to test statutes on constitu¬
tional grounds; but this is not the case. All govern¬
ments in this country exercise delegated and hence
limited powers; therefore, no legislation beyond dele¬
gated powers can be enacted or enforced without dis¬
regard of the supreme will of the people already ex¬
pressed originally.
We cannot give at length the close argument by
which Justice Lurton holds that constitutions delegate
limited powers and are themselves primary and su¬
perior law; next, enactments by legislative bodies are
(Voi>. LXXXXI.
“The courts possess
nor that of the sword.
legislative
power
neither the power of taxation
They are dependent upon the
for their existence and upon the
executive for the force needful to enforce their judg¬
ments.
Set in the place of an arbiter between the
branches among which the functions of government
have been parceled, they constitute the balance-wheel
in our unique and splendid governmental system.77
So the article argues powerfully that the legislator
is false to duty if he votes for questionable propositions
because the courts
can
consider all that.
and trend of the article throughout are
conservative in the truest sense.
COTTON MANUFACTURING
IN
The tone
serious and
JAPAN AND
INDIA.
Japan7s cotton-manufacturing industry made note¬
worthy progress in both extension of plant and volume
of consumption of the raw material in 1909-10.
The
latter fact in particular is calculated to attract atten¬
tion because it places Japan in the rather unique
position as being practically the only cotton-manufac¬
turing country that augmented its use of the staple
in the late year.
The activity recently
displayed followed a two-year
period of comparative quietness and decline in con¬
sumption, although at the same time increase in the
spinning and weaving capacity of the mills was unin¬
terrupted. In fact, during the two years from July 1
1907 to June 30 1909, notwithstanding a further addi¬
tion to spindles of 24.3%, consumption of the raw ma¬
terial fell off 2%%.
But in 1909-10 the gain in spin¬
dles was only 8%% and the augmentation in consump¬
tion nearly 20%. To be brief, from a consumption of
906,805 bales of 500 lbs. each in 1906-07 (the record up
to
that
dime), there
was a drop to 890,836 bales in
secondary law, and must needs be tested by the courts 1907-08 and 880,830 bales in 1908-09. In 1909-10,
as to a possible conflict with the superior law.
In case however, according to the official returns compiled by
of conflict between these, the courts must decide. the
Japan Cotton Spinners7 Association and presented
“That the power thus exercised [in deciding] is not
to-day in our cotton department, a new record in
legislative but judicial will be plainly evident if we do consumption—1,055,303 bales—was made.
but stop to consider the nature of an American Con¬
As regards the sources from which Japan draws its
stitution.77
supply of the raw material, it is perhaps well to note
The “Chronicle77 has more than once pointed out the continued and
increasing supremacy of India.
that it is unsafe to enact emotional statutes in a hurry For a few
years down to and including 1906-07, there
and assume that the courts will certainly protect us had been an
important gain in the takings of the Ameri¬
from their results, since it is not within the function can
staple, although East Indian cotton was most
of a judge to annul a statute merely because he per¬
largely used; but since that time the former has been
ceives it to be unwise or unjust, and, moreover, judges much
less freely availed of, and absorption of the latter
are human and may weary of this
protecting; they may has very appreciably increased. The main, if not
reason that the best mode of
ending foolish legislation the sole factor in the matter, has been, of course, the
is to let the people have a full taste of its workings.
difference in price. Egyptian cotton has also found
We find Justice Lurton saying this same thing in other
an expanding market in Japan in recent
years, mill
language. He discovers in the public press evidence
‘
That there is a large body of intelligent public opinion77 takings having increased from 6/^ million lbs. to 12^
millions in the last three years, and in the last year
which regards trimming or modifying as quite within
Chinese varieties were more freely used.
judicial functions and looks to the courts with confi¬
Concurrent with the extension of its manufacturing
dence “for relief against what they regard as bad or
dangerous legislation.77 He gives such hopes not a facilities, Japan is becoming a strong competitor with
In
word of encouragement. The executive must execute Europeans in the textile markets of the Far East.
the law as he finds it; the judge, being without law¬ cotton hosieiy in particular its trade has expanded
making power, has the single duty of applying the law phenomenally within a few years, and large quantities
as he finds it to an
existing case; that it is unwise is of Japanese goods are to be found in all the markets of
the Far East.
In fact, it is reported that India takes
for the people to discover by experience of it.
Neither Constitution nor statute, picturesquely over half the total quantity of hosiery exported from
says Justice Lurton, may be treated by either executive Japan.
Of cotton yarn, too, Japan has become an
or judiciary as “a nose of wax/7 to be moulded accord¬
important exporter of recent years, the total ship¬
ing to fancy and occasion. A few sentences impel ments for the ten months ended Aug. 31 1910 having
exceeded those for the same period of 1909 by 10,168,quotation by their admirable clearness:
DEC.
311910.,
the CHRONICLE
501 yen
(a yen is equal to about 50 cents U. S. cur¬
rency). Moreover, for the same period there was
a gain of 5,075,975 yen in the value of other cotton
goods exported. Coincidently, the imports of cotton
goods into Japan have fallen off sharply. Cheap ma¬
chinery and cheap labor have naturally been the lead¬
ing factors that have contributed to the prosperity
of the cotton-manufacturing industry in Japan.
Most
of the machinery used follows the American
models,
but, being made in Japan, costs much less than if im¬
ported.
The cotton-manufacturing industry of India, accord¬
ing to the official results recently received, also made
progress in 1909-10 in the direction of extension of
plant, but in the volume of cotton consumed there
was, as indicated in our annual cotton review, a mod¬
1739
of
supply of the staple, and its cultivation
quite steadily added to in recent years. This
is true to such an extent that,
notwithstanding the
expansion in the manufacturing industry, there has
source
has been
been
considerable increase in the amount left over
and available for export.
Thus in 1909-10 the cropg,
exclusive of the amount of cotton taken by hand spin¬
a
and
(of which no reliable statistics are
obtainable), approximated 3,800,000 bales of 500 lbs.
net each, or an increase of about
800,000 bales over
1908-09, and mill consumption in the meantime de¬
creased 136,408 bales.
Furthermore, since 1879-80
the crop (excluding takings by hand spinners, &c.)
has increased from approximately 1,200,000 bales of
500 lbs. each to 3,800,000 bales of like weights, whereas
consumption has advanced only from 241,183 bales*
erate decline.
At the close of June 1909 the number to
1,517,048 bales. It is to be noted that, due to the
of establishments working or in course of construction
high prices for American cotton, special efforts are
was 259, with
6,053,231 spindles and 76,898 looms, making to further stimulate production in India,
\
and employing an average daily force of 236,924 hands.
Consumption for the year, moreover, had been some¬ NEW RAILWA YS IN BOLIVIA AND ARGENTINA
what heavier than in 1907-08, reaching 7,381,500
Bolivia is in a fair way to experience an
cwts.,
important
equivalent to 1,653,456 bales of 500 lbs. net weight development of her natural resources within the near
each, and therefore the largest on record. During the future through the railway
building that is now
last season (the year ended with June 30 1910) there
actively in progress in that country. A little oyer a
ners
weavers
,
.
was
an
increase to 263 in the number of
factories,
spindles advanced to a total of 6,195,671 and, looms
to 82,725.
But, due to slackened demand for goods,
the result of high prices, operations were somewhat
curtailed and consequently there was a
drop to 233,624
in the average number of hands employed
daily. Con¬
sumption of the raw material also exhibited a decline,
being officially stated by the Bombay Millowners'
Association as 6,772,535 cwfs., equaling 1,517,048
bales of 500 lbs. average net weight.
As we have frequently pointed
out, India is, next to
Europe and the United States, the most important
of the world's
cotton-consuming countries. Never¬
theless, it is only of comparatively late years that
notable expansion in the production of
goods by
machinery has been made. History, of course, ac¬
cords to India the distinction of
being the birthplace
of cotton manufacture, and to this
day, as is well
known, its fine cloths, spun and woven by hand, are
highly prized. But as recently as 1870 there were less
than twenty cotton mills in the whole
country, and
most of those in Bombay.
Ten years later the number
had risen to 56, of which 42 were in
Bombay. During
the next decade progress was more
rapid, the total
number of establishments in existence in 1890
being
137, and in the following ten years there was a further
increase to 193. This brings us down to the last
decade, during which time 70 factories have been built
or are in course of
construction, leaving the aggregate
for the whole of India now 263, of which 187 in Bom¬
bay. Coincidently, consumption,, which in 1879-80
stood at only 241,183 bales of 500 lbs. net
each, had
risen to 790,634 bales by 1889-90, advanced further
to 1,139,428 bales by 1899-00 and was
reported as
1,586,434 bales in 1905-06. From that, then record
total, there was a moderate recession in 1906-07, which
was not fully regained in 1907-08.
In 1908-09, how¬
ever, as shown above, a new record in consumption
was
reached, from which 1909-10, for the reason
stated, exhibits a moderate decline.
Not only is India prominent as a consumer of
cotton,
but it ranks second only to the United States as a
...
(on Oct. 2 1909) we drew attention to the
-"i,
r;,t. .*•
..t-th *
i*
¥.
pressing need ol railway extensions to encompass
that development, and referred to a contract that had
been approved and signed on Dec. 1 1908
calling for
year ago
.
.
•:
»
.
the construction of about 721 miles of road within
ten years
of that date. At the time we wrote, the line
(138 miles) had been completed,
affording, through connection with the Antofagasta
Ry., a line from La Paz to the Pacific seaboard, leaving
from Viacha to Oruro
583 miles to be constructed.
Work has since pro¬
gressed quite rapidly according to
a
report of the
British Consular office at Sucre. That
report indi¬
cates that a line is under construction between Potosi
and Rio Mulatos
(the track being already leveled to
few miles of Rio Mulatos), which will
give to
Potosi, the centre of the largest tin-producing area of
Bolivia, an easy outlet by rail to the port of Antofa¬
gasta, Chili, in less than two years. Furthermore, it is
expected that the lowering of freight rates that will
follow the opening of this line will stimulate the
mining of the lower grade tin and copper ores that
are
very abundant in the territory traversed.
within
a
A line to connect
of
Tupiza, another
great mineral wealth
centre of
an area
(producing tin, bismuth,
antimony and gold), with Uyuni is also under con¬
struction, as well as a line from Oruro to Cochabamba,
which will tap a rich agricultural section and serve to
develop it largely. This line it is proposed to continue
north to Chamore, a reputed
rubber-producing region,
and afford another outlet for Bolivia
through the
Amazon River to the Atlantic.
Finally, work is under
way on a road from the port of Tacna, Chili, to La Paz
(to be completed in three years), and with its comple¬
tion only the linking together of
Tupiza and La
Quiaca will be required to establish a through line from
Buenos Aires, Argentina, on the Atlantic to Tacna on
the Pacific, and connecting in one
way or another with
all the various branches or lines
constituting the
Bolivian railway system. From what has been out-,
lined above it would seem that
progress upon the rail¬
roads that mean so much to Bolivia's
development
has been more rapid than expected.
•
THE CHRONICLE
1740
Argentina, too, railway building is being rapidly
pushed and by 1913 it is expected that two more trans¬
continental lines will be in operation. The San Antonio-Nahuel Huapi line in the southern part of the
republic is likely to be completed to a point on Lake
Nahuel Huapi by January 1912 and from thence to
Puert Montt, the present terminus of the Chilean
railway system, Js a distance of but 70 miles. Work
is, moreover, being rushed on the Great Southern Rail¬
way system’s line in the Neuquen Territory, and it is
stated only 170 miles remains to be built to reach a
connection with the Chilean railways.
Besides these
roads another trans-Andean line is proposed in the
northern part of the country.
It is to extend from
Chilecito, the present railroad terminus in La Rioja
Province, to Vallenar, Chile, passing through territory
reputed to be rich in minerals.
In
INTEREST RATES PAID AND RECEIVED BY
NATIONAL AND OTHER BANKS.
‘
The
following; interesting statement’ comes to
Treasury. Department at Washington:
us
from the
bearing
the rates of Interest obtained on loans and discounts
and rates on deposits by national and other banks.
It appears that the
average rate received by all banks Is 7.05% on time loans and 6.87% on
demand loans.
National banks secure 7.33% on time paper and 7%
on demand, while the State banks averages are 7.73% and 7.49%,respect¬
ively. Excluding private banks, which obtain slightly In excess of 8%
on both time and demand paper, the stock savings banks secure the next
highest rate, namely, 6.89% on time and 6.75% on demand paper. The
loan and trust companies’ rates are stated at 6.66% for time and 6.49%
for demand loans, while the rates for mutual savings banks are 5.62% on
time and 5.45% on demand loans.
It is assumed that very little demand
paper is held by mutual savings banks, but the rate stated Is based upon
Monday, will remain open to-day. It is understood that
question of suspending operations on this, the closing
day of the year, was not even discussed by the Governing
Committee.
—A New York Stock
Exchange membership was posted
week, the Consideration being $70,000.
This is $5,000 less than the last previous sale.
—A recommendation for the enactment of a law by Con¬
gress to enable the Treasury to hold gold bullion and foreign
gold coin in limited amounts as security for gold certificates
is contained in a communication addressed by Secretary
Franklin MacVeagh under date of the 10th inst. to Speaker
The letter was referred to the Committee on Ways
Cannon.
and Means on the 15th inst. and ordered printed.
Mr. Mac¬
Veagh points out that the change contemplated in his pro¬
posal is intended to bring our arrangements in these matters
into line with the policies of other countries, it being the prac¬
tice among the large financial institutions in the leading
centres of Europe to count as part of their reserves, along
with domestic coins, foreign gold coin and gold bullion.
The plan, he states, would add to the facilities of our great
financial centres as free markets for gold by furnishing a
better opportunity for bankers and dealers in exchange to
secure or dispose of gold bars and foreign gold coin than has
existed heretofore.
A copy of his letter is appended here¬
for
transfer
this
with:
TREASURY DEPARTMENT.
OF THE SECRETARY.
by national banking associations, the
Rates
Loans
averages
being
as
follows:
Charged on
<fc
Disc’ts.
Rates Paid
on
Deposits.
Classification of
Banks.
Subject
Certjs. of Deposit.
to
Time.
Demand.
Check.
:
State
Mutual savings
Stock savings
Private
Loan & trust cos..
7.33
7.73
5.62
6.89
8.19
6.66
7.00
7.49
5.45
6.75
8.02
6.49
2.35
2.62
Average, all banks
7.05
6.87
National
Savings. Demand.
Time.
2.82
3.57
3.69
3.92
2.47
2.86
2.38
3.56
3.71
3.92
3.56
3.77
3.59
3.23
3.28
3.01
3.87
3.69
2.54
3.68
3.18
3.79
Coupled with the data relative to interest rates, statements were sub¬
as to the amount of interest paid to depositors.
The Individual
deposits in all bankson June 30 last were,roundly,$15,283,000,000,but the
amount bearing Interest Is not shown. Statistics compiled by the National
Monetary Commission for June 30 1909 indicate,however, that 90% of such
deposits In all banks are Interest bearing. It does appear, however, that
depositors were paid or credited during the current year with Interest to
the amount of $285,039,786 81, or 1.86% on the aggregate amount to their
credit.
On accounts classed as savings, the interest paid aggregated
$178,723,394 82 and on other deposits $106,316,391 99. The amount of
Interest paid by each class of banks is as follows:
Savings banks
$130,242,249 79
Loan and trust companies
65,850,029 69
National banks
53,175,537 09
State banks.-1
34,786,554 79
Private banks.
985,415 45
The details of the foregoing information compiled for each State and each
olass of banks therein appear in the appendix to the Comptroller’s current
report to Congress.
mitted
ITEMS ABOUT BANKS, BANKERS AND TRUST CO S.
—The
29
public sales of bank stocks this week aggregate only
shares, of which 20 shares were sold at the Stock Exchange
and 9 shares at auction.
There
were
no
transactions in
trust
company stocks.
A sale of 4 shares of Chatham
National Bank stock made this week at 331 was the first
since March 1909, when the quotation was 298.
Shares. BANKS—New York.
5 Am«r. Exchange Nat. Bank.
4 Chatham National Bank
•20 Commerce. Nat. Bank of...
*
Low.
High. Close.
239 M 239 H 239 X
331
331
331
193 M 193H 193H
Last previous sale.
May 1910
239
Moh. 1909— 298
Dec. 1910— 195
Sold at the Stock Exohange.
r-The New York Stock
Exchange, which had a three days’
holiday last week, having closed on Saturday in addition to
•
OFFICE
Washington, December 10 1910.
upon
the banks’ returns.
While about two-thirds of the national banks report that no Interest Is
paid on deposits subject to check or on demand certificates of deposit, the
payment of interest on time deposits and savings accounts is more general.
The average rate allowed by national banks reporting the payment of In¬
terest on deposits subject to check is stated at 2.35% and on demand cer¬
tificates of deposit 2.82%.
Banks of this class pay an average rate of
3.56% on savings deposits and 3.69% on time certificates of deposit.
Rates paid by all other classes of banks are slightly in excess of those paid
lxxxxi
the
In connection with general Information relative to the condition of the
banks of the country, the Comptroller has made a summary of special re¬
turns
[Yol.
Sir:
I have the honor to recommend for the consideration of the Con¬
a request for authority for the Treasury to hold gold bullion and
foreign gold coin in limited amounts as security for gold certificates.
In
the leading financial centres of Europe the large financial institutions,
such as the Bank of England, the Bank of France and the Reichsbank,
count as part of their reserves, along with the domestic coins, foreign gold
coin and also gold bullion, and the change contemplated by this proposal
is intended to bring our arrangements In these matters Into line with the
policies of other countries. The plan would add to the facilities of our
great financial centres as free markets for gold by furnishing a better oppor¬
tunity for bankers and dealers in exchange to secure or dispose of gold
bars and foreign gold coin than has existed heretofore.
Another important
advantage, however, lies in the reduction of unnecessary coinage operations
gress
in
our
mints.
During the last 20 years there has been imported Into this country
$379,000,000 in foreign gold coin, and of this amount $311,000,000 was
deposited at the mints for re-coinage.
In the meantime, $829,000,000 of
the United States gold coin has been exported.
The $311,000,000 of for¬
eign gold coin was re-coined at our mints at the expense of our Government,
while more than double that amount of our own money was exported dur¬
ing the same period.
The coinage of $311,000,000 of foreign gold coin into
American coin must have cost at least $800,000, or $40,000 per year.
We have now some $940,000,000 in gold coin stored away in the various
Sub-Treasuries and mints, the greater part of which is a reserve against
gold certificates that in all likelihood will never be presented for redemp¬
In the majority of cases where gold certificates are presented
tion in coin.
In large quantities for redemption, it Is for the purpose of securing gold bars;
yet we continue to coin each year nearly $100,000,000 in gold, at an annual
cost of somewhere between $200,000 and $300,000.
If gold certificates
might be issued against this gold bullion, the major part of this cost would
be saved without In any way Impairing the redeemabillty of the certificates,
and at the same time bankers and exchange dealers could be in a position to
secure bars, which they prefer for purposes of export, with greater prompt¬
ness and less expense.
In view of the fact that America produces nearly
$100,000,000 in gold per year, and that the inevitable drift of gold must
be from America, it is peculiarly reasonable that a considerable part of the
gold which we produce should not be transformed at once into coin.
The plan contemplated in the following-suggested bill offers abundant
safeguards against the excessive reduction of the deposits of United States
gold coin held against the certificates in requiring that the amount of gold
bullion so held shall not at any time exceed one-third of the total amount
of gold certificates at such time outstanding, and in providing that the re¬
ceipt of gold bullion and foreign gold coin shall always remain at the dis¬
cretion of the Secretary of the Treasury.
—Reports from Washington state that Comptroller of the
Currency Lawrence O. Murray has issued an order to all
national bank examiners instructing them to insist that
every national bank employ a system of bookkeeping from
which the examiner can readily determine its exact condi¬
tion.
In
cases
where the true condition of
a
bank is not
clearly shown by the books, the examiners have received
directions to report that fact by telegraph to the Comp¬
troller’s office, and to advise the management that they w
be given thirty days in which to install the necessary books.
The Comptroller further requires that "at the end of that
period the examiner will return to the bank, at its expense,
for the purpose of determining whether or not compliance
has been made with the instructions, and if upon his return
the necessary books have not been installed, he will remain
in the bank at its expense until such
under the direction and supervision
These
orders
in the
are
books are installed
of the examiner.”
said to have resulted from conditions
Quanah National Bank of Qtianah, Tex.,
which recently went into Voluntary liquidation.
An investi¬
gation of that institution, it is stated, indicated that it had
been doing business for the past two years, "although un¬
doubtedly insolvent.” It was regularly inspected by nashown
Dec.
THE CHRONICLE
311910.]
examiners, but they, it is reported, were unable
condition largely because the management
refused to keep a proper record of its transactions.
Since the establishment by the New York State Bankers'
Association of headquarters at 11 Pine Street, this city, an in¬
creased and general interest in the workings of the organiza¬
opinion given to State Comptroller Williams on
the 19th inst., State Attorney-General Edward R. O’Malley
decides that transfers of voting trust certificates from one
tion has become manifest
tional bank
to learn its true
—In
an
another constitute a transfer of the shares of
within the meaning of the stock transfer Act, and are
holder to
stock
therefore
on
subject to the tax.
A
copy
of his letter bearing
the subject follows:
Albany. December 19 1910.
Albany, N. Y.:
Dear Sir: I acknowledge your letter of the 7th inst., enclosing copy of
voting trust agreement and requesting my opinion as to whether the transfers of voting trust certificates under such agreement from one holder to
another are subject to the stock transfer tax.
It appears from this agreement that the voting trustees “shall possess,
in respect of any and all such stock, and shall be entitled to exercise, all
rights of every name and nature. Including the right to vote for every pur¬
pose and to consent to any corporate act” of said corporation.
It also
appears that the holders of the trustees’ certificates are entitled to receive
a certificate or certificates of stock of the number of shares therein specified,
but that no such stock certificates shall be due before Oct. 1 1915, nor until
the expiration of such further period, If any, as shall elapse before the
corporation In question shall have paid all of its 6% first lien notes issued
under
certain deed of trust.
a
It is my opinion
that, notwithstanding the rights conveyed to the voting
trustees, a transfer of the trust certificates still constitutes a transfer of the
shares of stock within the meaning of the Stock Transfer Act.
The holder
of the certificate is the
equitable owner of the shares of stock represented
A transfer of the certificate transfers such ownership to the
transferee.
It entitles the holder to the receipt of dividends and to the ulti¬
mate delivery of the shares of stock themselves.
There Is, therefore, a sub¬
thereby.
stantial beneficial Interest In the stock in the holders of such certificates
prior to the delivery to them of the shares themselves, and there Is also the
equitable ownership of the shares which will become absolute after such
delivery.
It is therefore my opinion that transfers of such certificates are
Very truly yours,
subject to the tax.
EDWARD R. O’MALLEY,
*
Attorney-General.
—The Boston Stock
Exchange has decided to reduce the rate
mining stocks selling under $10 from 12 34
cents a share to 634 cents per share, thus making the rate on
these stock.s conform with that adopted by the New York
Stock Exchange last April.
Heretofore the $6 25 rate on
the Boston Exchange has, so the Boston “Transcript” states,
applied only on stocks selling at from $1 to $5. This change
is said to be the principal one in the commission rates cov¬
ering mining stocks which will be put into effect by the Boston
Exchange beginning Jan. 3, and which are as follows:
of commission
on
Stocks selling under $1
“
"
“
“
“
"
“
“
$1 per 100 shares
6 25 “
at $1 to
$10
$10 and below $300
$300 or over
__12 50
25 cents
per
share
—B. J. Rhame of
Sumter, S. C., has been appointed by
State
takes
Mr. Giles resigns to become a National Bank
Governor Ansel to succeed Giles L. Wilson, resigned, as
Bank Examiner of South Carolina.
The appointment
effect Jan. 10.
His district
Examiner.
Northern Georgia.
—That work of
taken
dent
will
cover
South
Carolina
and
comprehensive character is being under¬
by the New York State Bankers’ Association is evi¬
in its announcement of the appointment of several
a
committees which have been named to further the interests
of the members in matters of
timely and important nature.
significance is given to its action in the standing of
who have accepted appointment on these committees,
a
Added
those
which
are as
1. Committee
on
follows:
Legislation:
F. E. Lyford. Chairman; Pres. First Nat. Bank, Waverly, N. Y.
John H. Gregory. Vice-Pres. Central Bank, Rochester, N. Y.
Ledyard Cogswell Jr., Vice-Pres. New York State Nat. Bank, Albany.
James M. Gilbert, Treasurer Syracuse Trust Co., Syracuse, N. Y.
C. A. Miller, Pres. Savings Bank of Utica, Utica, N. Y.
2. Committee on Education:
Fred. I. Kent. Chairman; Vice-Pres. Bankers Trust
Co., New York.
F. W. Hyde, Cashier Nat. Chautauqua County Bank, Jamestown.
J. H. Perkins, Vice-Pres. National Commercial Bank, Albany.
3. Committee on Bills of Lading:
Elliott C. McDougal, Chairman; Pres. Bank of Buffalo, Buffalo.
Louis L. Clark, Pres. The Amer. Exch. Nat. Bank, New York.
S. H. Miller, Vioe-Pres. Chase National Bank
New York.
4. Committee on Transportation:
Charles Elliot Warren, Chairman; Vice-Pres. Lincoln National Bank.
New York.
H. A. Arnold, Cashier First National Bank, Albany.
David H. Pierson, Cashier Bank of the Manhattan Co., New York.
E. S. Tefft, Cashier First National Bank, Syracuse.
Hiram R.
Smith, Pres. Bank of Rockville Centre, Rock. Centre, N. Y.
5. Committee on Arrangements (1911 Convention):
Walter H. Bennett. Chairman; Vice-Pres. Amer. Exch. Nat.
B’k,N. Y.
Ledyard Cogswell, Pres. New York State Nat. Bank, Albany.
W. E. Purdy, Asst. Cashier Chase Nat. Bank, New York.
John A. Kloepfer, Pres. Union Stock Yards Bank, Buffalo.
Chas. N. Harris, Cashier City National Bank, Gloversville.
A. J. Parsons, Cashier First National Bank, Binghamton.
6. Committee on Protection Against Criminals:
Address the Secretary, W. J. Henry, 11 Pine St., New York. N. Y.
7. Committee on Trust Companies and Savings Banks:
(To be appointed.)
throughout the State.
newly elected officers of Group VI. of the New York
State Bankers’ Association, which have just been made
public, are: Chairman, Samuel R. Bell, Cashier of the Larch*
mont National Bank; Secretary and Treasurer, Benjamin
E. Smythe, Cashier of the Gramatan National Bankjrf
—The
Bronx ville.
Hon. Clark, Williams, State Comptroller,
,
^1741
—An announcement in the
Topeka “Capital” states that
Dolley of Kansas has decided that na¬
tional banks holding deposits for State institutions must
submit to examinations by the State Banking Department,,
and in addition pay for such examinations.
The national
banks have been notified of this decision, and in case of re¬
fusal to submit to abide by the ruling, their authority to
serve as reserve agent will be revoked.
The letter which
Mr. Dolley issues says:
Bank Commissioner
To any Bank Addressed:
Many State banks of this State
are using national banks as depositories
important to the interests of the depositing pub¬
lic of this State to be in touch with the depositories of our banks, and have,
therefore, concluded that such depository banks will be required to submit
to an examination by the Commissioner or deputies of this department,
and that any banks declining to be so examined will be disapproved as re¬
serve agents for Kansas State banks.
In pursuance of this decision, you
are hereby notified that you will be required to submit to an examination
by the Commissioner or his deputies at least once each year, the cost of said
examination to be paid by your bank at the usual fee charged State banks
for examination.
Very truly yours,
J. N. DOLLEY, Bank Commissioner.
for their funds.
—At
I deem it
meeting this week of the directors of the Inter¬
Banking Corporation, Edwin Hawley wTas elected a
Vice-President and H. T. S. Green General Manager.
Mr.
Green was for many years in the service of the Hong Kong
& Shanghai Banking Corporation and later with the London
a
national
Paris & American Bank of San Francisco.
—Joseph B. Martindale, Vice-President of the Chemical
city, was elected President of the insti¬
tution on Wednesday, to succeed William H. Porter, who
resigns to become a member of the firm of J. P. Morgan &
Co.
Herbert K. Twitched, heretofore Assistant Cashier of
the bank, has been appointed Mr. Martindale^’s successor
The promotion of Mr; Martindale, who
as Vice-President.
is still under fifty years of age (he was born in 1862), to the
highest position in the bank comes after thirty-two years of
labor in its behalf.
While he entered its employ as a junior
clerk in 1878, his advancement has been most marked
during the past eight years. In December 1902 he was
raised from the position of credit clerk to an assistant cashiership and served in the latter office until January 1907, when
National Bank of this
he
was
made Vice-President and
a
director.
He has
a
most
agreeable personality and is favorably regarded in banking
circles.
Mr. Twitched, who succeeds Mr. Martindale as
Vice-President, became associated with the Chemical four
years ago as Assistant Cashier, having previously been with
the Chase National in a similar capacity.
—The closing this week of the Northern Bank of New York,
representing a consolidation effected in 1908 of the Northern
Bank, the Hamilton Bank and the Riverside Bank, besides
involving the Title & Guarantee Co. of Rochester, the Aetna
Indemnity Co. of Hartford, carries with it the suspension
of the Washington Savings Bank of this city, which latter
the Banking Department took charge of on Thursday.
The
Northern Bank, which, besides its main office at 215 West
125th Street, has nine branches in Manhattan and theBronx, was closed on Tuesday by State Superintendent of
Banks O. H. Cheney, who issued the following statement
with regard to his action:
■
'
“The Superintendent of Banks this morning took possession ©f the
Northern Bank of New York, the main office of which Is located at 215
West 125th Street, with nine branches situated at various points throughout
the city.
“The Banking Department has been conducting an examination of this In¬
stitution for several days, and, because of discovered conditions and also
certain
irregular transactions that have taken place during the time the
examination has been In progress, the Superintendent of Banks deemed it
necessary to take possession for the protection of the depositors.
“The Superintendent has appointed Arba K. Alford, an examiner in the
Department, Special Deputy Superintendent of Banks, as agent to assist
liquidation.
“This Institution has a capital of $700,000 and a hook surplus at the time
of its last published statement, Nov. 10 1910, of $185,965 11.
Its deposits
him In the
at that time were $6,912,582 62.
“No further statement will be made until
assets is obtained.
From
statement
a
complete Inventory of the
O. H. CHENEY,”
emanating from New York State
Superintendent of Insurance W. H. Hotchkiss, the closing
of the bank appears to have resulted from the operations of
Joseph G. Robin, who is understood to own controlling intera
THE CHRONICLE
1742
e$t in the Northern Bank, and to have been Chairman of its
Executive
Committee.
These
have
transactions
been
brought to light through fan examination by the New York
and Connecticut insurance departments of the Aetna In¬
demnity Co. which was begun on the I6th inst. A detailed
statement of disclosures which have followed is made public
by Mr. Hotchkiss, in which he deals with a recital of the
methods employed by Mr. Robin to effect the purchase of the
Title & Guarantee Co. of Rochester from the Aetna Indem¬
nity Co., which, Mr. Hotchkiss points out, is a Connecticut
corporation in no way related to the Aetna Life Insurance
Mr. Hotchkiss
Co.
still
announces
that while the examination is
incomplete, it has progressed sufficiently to warrant the
statement of the facts he recites.
Mr.
to
In his statement he alludes
Robin’s
interests, and states that, save for the
-Northern Bank, “he appears not to be an officer of any
of these institutions, his control or influence being exercised
through one or more confidential representatives. Such
control seems, however, to be absolute, and his connection
with most of these corporations such that they and their
assets are practically his property, subject to use as he may
see
fit.”
These connections
are
summarized
as
follows:
Joseph G. Robin was in March last the controlling stockholder of the
Aetna Indemnity Co. and apparently of the Northern Bank of New York,
located at 215 West 125th Street.
He also largely controlled the
Bankers’ Realty & Security Co., a realty corporation heavily interested In
Bronx lands; the Fidelity Development Co. (the owner of the old Morris
Park race-track), and the South Shore Traction Co. and the Babylon
Railroad Co., two Long Island traction corporations.
...
With
regard to the Title & Guarantee Co. of Rochester, the
purchase of which by Mr. Robin has called into question
certain of his transactions relative thereto, Mr. Hotchkiss
states that while the company is authorized to do a fidelity
and guaranty business, it had for some time been dormant,
certain litigated matters preventing its dissolution.
A lease
of its title plant to a Rochester abstract company, he states,
“produced an income, which in addition to its other assets
gave this stockholding a value of $168,500 out of the total
assets of the Aetna Co. of approximately $1,000,000.
In his
statement bearing on the acquisition of the Title & Guarantee
Co. by Mr. Robin, the following facts are furnished by
Mr. Hotchkiss:
Title & Guarantee Co.
On the strength of this statement or proposition
—for there was no oontraot until October 1910—the assets of the Roches¬
ter company were turned over to him on March 31, apparently by VicePresident Stumpf and Secretary Lomax, and with their assistance, without
the knowledge of President Kelsey or the other officers of the two interested
insurance companies, disposed of and manipulated as Robin directed.
The
only authority for transactions which have greatly depleted the
to have been Robin’s orders and
a two-year-old resolution of that company’s board
passed under another
management.
After March 28 the Title & Guarantee Co.’s board had but
one meeting, that in October, to declare a dividend.
Stumpf and Lomax
made no report at that meeting of what they had been doing.
Indeed the
present inquiry was based on a falsification of the Aetna Indemnity’s
pass-book in the Northern Bank. The manipulation of the Rochester
company’s assets was not then known outside the inner circle of the Robin
assets of the Rochester company seems
coterie.
The day the securities of the Rochester company were put in Robin’s
saffi, or the day following, he “exchanged” a $47,000 certificate of New York
City corporate stock for “bonds” of the South Shore Traction Co., not
then issued, and which, so far as the record shows, were evidenced only
by
a somewhat mythical due bill, until Dec. 21, and then
only by a type¬
written interim certificate, the value or validity of which is still problem¬
atical. The $47,000 New York corporate stook seems, however, to have
passed to the South ShoreTraotlon Co., and now to be held by the Comp¬
troller of the City of New York as security for such company’s obligations
to the city.
In addition, a cash balance of from $10,000 to $15,000 was
an
$50,000 of the “bonds” of the Babylon Railroad Co.,
exchange for about
old horse-car line
then being, or sinoe electrified, accomplished, with similar treatment as to
an
<^ue bill and interim certificate. Needing more money, however, Robin
caused Stumpf and Lomax to execute the Rochester company’s note for
$50,000, caused it to be discounted in his, the Northern Bank, and then
tiolAto the Insurance company for the proceeds $50,000 worth of the stock
of his Fidelity Development Co.
All this and more of the same sort,
though in smaller amount, before he paid a dollar for the stockholding of
the. Rochester company, and without the directors of that company, save
Stumpf and Lomax, knowing what was going on.
As a result, when the present Investigation began, instead of assets
consisting of approximately $180,000 and practically no liabilities, the
TJitle & Guarantee Co. of Rochester now owes $50,000 and has against it
hesldes “bonds” and stock in the Robin concerns, whose value is problem¬
atical, approximately $105,000, a net shrinkage, the $50,000 note being
considered, of about $125,000,TsuchIshrInkagelto.be reduced, of course,Jby
LXXXX1.
the ultimate return from the Robin securities.
The Rochester company’s
account has also been used in kiting transactions on a large scale, without
loss, however, so far as has yet been developed.
Fortunately, the Rochester
company Is not actively In business and the interests of policy-holders are
not affected.
Such a company as an asset of the Aetna Indemnity is,
however, much less valuable.
But Robin’s operations in the Northern Bank when seeking to carry out
a contract for the purchase of the Rochester
company, which, it seems, was
actually made last October, are more startling and culpable. Again there
was an exchange, Robin’s Bankers’
Realty & Security Co. about Oct. 25
1910 giving the Aetna its check for $50,000 as part payment for the Roches¬
ter company’s stockholding, and the Aetna giving the Bankers’ Realty
its
check for $50,000 in payment for about $50,000 worth of the Babylon
Railroad Co. “bonds."
For the last unreturned check the Aetna received
nothing until the night of Dec. 17, when demand was made at the Instance
of the New York department, and a “due bill” for the bonds, signed, not
by the Bankers’ Realty & Security Co., to which the Aetna’s check was
payable, but by J. G. Robin, was furnished. The value or validity of this
as an asset of the Aetna is
It appears, however, that
thought doubtful.
during the seven weeks which intervened between the date of the Aetna’s
check and the delivery of the due bill. President Kelsey and his associates
made repeated efforts to get the bonds, or a paper entitling their
company
to them when issued.
There is some evidence that Robin assured them
their counsel, former Senator Lexow, that it was all right, as the Aetna’s
check had not been used.
It had been used, however, on Nov. 5.
The other $50,000 check—that given to the Aetna as
or
part payment for
the Rochester company—had an interesting history.
It was deposited in
the Northern Bank, through Vice-President Brower of that Institution, on
Oct. 25, and credit given in the Aetna’s pass-book that day.
Notwith¬
standing this, it was, apparently on Robin’s orders, held in the bank for
collection (though on a branch bank of the Northern located in New York
City) until Dec. 9 and then taken up, returned to the Bankers’ Realty &
Security Co. and canceled, presumably no debit therefor against such
company’s account having been made meanwhile.
The interesting fact, however, is that the Aetna’s pass-book, which on
Oct. 25 showed a deposit credit of $50,000, when returned after the Nov. 1
balancing, showed no such credit on that or any other day, and now has
only eleven half-pages therein instead of twelve as in the other pass-books
of this bank.
Remembering that the Aetna’s check to the Bankers’ Realty was not
deposited on Oct. 25, as expected, it will be seen that in spite of the holding
of the $50,000 check “for collection” the Aetna's balance remained as it
have been until Nov. 5.
On that day, however, Robin needed
should
money in connection with his railroad enterprises.
Hence to make the
Aetna’s account good (without the “for collection” check, It was but about
$30,000), Robin borrowed $27,000 from the bank through Morris, his
confidential man, using collateral which he seems to have acquired from the
Aetna, and then deposited the last-mentioned sum to the Aetna’s credit in
the bank.
The $50,000 check given the Bankers’ Realty for the Babylon
bonds was then put through and Robin, without the knowledge of the
Aetna’s officers, had thus borrowed $50,000 of the Aetna’s money—for such
time as he could hold the other $50,000 check in the bank “for collection.”
Thus matters rested until the importunity of the Aetna for the $50,000
credit in its pass-book—the latter now being in the bank’s possession
and “to be attended to soon” whenever asked for—forced
Qoinoident with an Increase In the capital stock of the Aetna Indemnity
last'spring, Robin seems to have opened negotiations for the purchase
from it of its ownership of the Rochester company.
About the same time
both companies elected new officers, former Superintendent Kelsey becom¬
ing. President of both, and Anthony Stumpf and William V. Lomax, two
representatives of Robin, becoming respectively Vice-President
and
Secretary. The election of these gentlemen seems to have been on March 28
19 IQ.
At the same time a resolution was passed directing the removal of
the office, records and assets of the Rochester company to New York, and
on March 30 or 31 Charles W. Day, the company’s Treasurer, brought them
to the offioe of the Aetna Indemnity Co., and later delivered them to
Stumpf in Robin’s office. Thereafter things happened, the connected
story of which seems, prior to the present investigation, to have been
known only to Robin and his confidential men.
It appears that shortly prior to this time Robin, as one of the witnesses
says, had stated that he would purchase from the Aetna the stock of the
used and good mortgages disposed of, and thus
(YOL.
another move.
Without the knowledge of the Aetna’s officers Robin’s man Morris
on
Dec. 9 deposited to the credit of the Aetna in the bank a Bankers’ Realty
& Security Co. check for $7,000 and left with the bank again “for collection”
Robin’s personal check for $43,000, also dated Dec. 9, the $50,000 held “for
collection” check of Oct. 25 being then returned to Morris and canceled.
The pass-book was then further changed, in the back of the book, two
“collection” entries, one as of Oct. 25 for $43,000 and the other as of the
same date for $7,000 being made.
It has not yet been ascertained who
made these entries, but on the statement that the two “collection” checks
certainly not in existence until Deo. 9 the admission by Morris
Robin’s confidential man, that the entries were “fakes” seems justified.
Ever since the Investigation began, Robin, Chairman of the Finance
were
Committee, has been sick In his apartments in New York, and Brower,
Vice-President, at his house in New. Jersey. Hence, who is responsible for
the above transactions, which cover a period during which a regular
Banking Department call for sworn statements of condition was made,
has not yet been ascertained.
But on Dec.9 Robin still had $43,000 of the Aetna’s money, “borrowed”
without Its knowledge.
The examination began on the 16th and a depart¬
mental demand for the missing pass-book made longer concealment of
manipulation impossible. Then this interesting transaction took place:
Robin took his $43,000 note up at the Northern Bank by draft on the
Carnegie Trust Co., where he had no account, and giving Such company, so
the evidence is, his note and ample collateral, met the draft first given by
another
on
Metcalf,
a
the Atlantic National Bank of Providence (of which Edward P,
director of the Aetna, Is President), where also he had no account.
The State and national banking departments were informed of this transac¬
tion apparently in time to stop it.
Robin’s draft on Providence was pro¬
tested, and the Carnegie Trust Co. has his note and collateral.
His secret
debt to the Aetna was thus paid.
As a consequence of these transactions, however, the Department
ordered all funds of the Aetna and the Rochester company withdrawn from
the Northern Bank and its branch, the Riverside Bank, and placed the facts
before the Banking Department.
As soon as the record is fully transcribed
it will be placed at the disposal of the District Attorney.
The Northern Bank was established in 1888.
Its main
office until the consolidation with the Hamilton and Riverside
banks was at 692
Broadway; since the consolidation in
June 1908 the
headquarters have been
on
West 125th Street,
where the Hamilton had its main location.
The Hamilton
Bank was one of the institutions which closed during the
1907
panic (on Oct. 24 1907) and its re-opening under a
deferred-payment plan occurred on Jan. 20 1908, just a few
months prior to the consolidation.
The bank had until
Nov. 20 1908 in which to free the entire deposits, but it was
announced that the final restriction with respect to the
withdrawal of deposits was removed at the time of the
merger.
The consolidated bank had a capital of $700,000
and under the call of Noy. 10 last reported deposits of
$6,912,682. The city has a deposit of $200,218 in the
institution, of which $150,000 is said to be secured by
bond of the National Surety Company.
a
Frank L.
Deo. 311910. j
THE CHRONICLE
Grant had been President of the bank since the consoli¬
dation.
Mr. Robin, whose name is said to have been
—The National Commercial Bank of
Albany,
one of the
York City,
dollars—in
exact figures $20,310,143 (Nov. 10 1910), this comparing
with $19,535,395 on Sept. 1.
Aggregate resources are re¬
ported at $24,017,670. The institution, which is headed by
Robert C. Pruyn, has a capital Of $1,000,000, surplus of
$1,500,000 and undivided profits of $208,827. In the bank’s
management Mr. Pruyn has the assistance of John E. Walker
and James H. Perkins, Vice-Presidents; Edward J. Hussey,
Cashier, and Walter W. Batcheider and Jacob H. Herzog,
largest
reserve banks in the State outside of New
has now total deposits of over twenty millions of
changed from Robinovitch, entered the financial field about
venture, it is stated, having been
associations. Later he became
affiliated with the Washington Savings Bank, this connec¬
tion, it is reported, leading to his becoming interested, with
the Heinzes and with E. R. and O. F. Thomas, in the River¬
side Bank, this last connection finally resulting in his
becoming associated with the Northern Bank. It is stated
that negotiations had recently been pending for the acquisi¬
tion of the Northern by James G. Cannon, President of the Assistant Cashiers.
Fourth National Bank, but that these proceedings. were
—Ira F. Harris, Cashier of the Indian Head National Bank
terminated when these developments became known.
of Nashua, N. H., has had compiled in book form a most
The Washington Savings Bank, at 59th Street and Colum¬
delightful account of his trip as delegate to the last annual
bus Circle, of which Mr. Robin was President, decided on
convention of the American Bankers’ Association held in
Wednesday to avail of the sixty-day withdrawal notice from Los Angeles. The booklet is well named “A Royal Round
depositors, owing to the fear of a run; on Thursday, how¬ from Ocean to Ocean,” as from a perusal of the book we
ever, the Banking Department announced that it had
gather that the bankers who were fortunate enough to
assumed charge of the institution, “pending a further
travel on the “train de luxe” provided by the New York
examination into its condition,” which, it was stated,
Central Lines were given a royal time during the entire trip.
“seemed necessary by reason of its relationship to the Each
place visited en route is mentioned in order, and in
Northern Bank.”
Its deposits were reported as $1,410,206
many cases very interesting statistics regarding the place
at the time of its July statement to the Banking Department.
are given.
All in all, the book makes interesting reading,
An indictment returned on Thursday by the Grand Jury
and particularly so to those who were co-travelers with
against Robin is said to charge the larceny of $80,000 from Mr. Harris.
the Washington Savings Bank.
—The National Shawmut Bank of Boston, which has been
—Resolutions on the death of Arthur H. Hearn, one o^
the directors of the Pacific Bank of this city, were adopted paying dividends of 10% per annum since Oct. 1908, has in¬
creased the rate to 12% per annum in the declaration of a
by the directors of that institution on Tuesday. Mr. Hearn,
3% dividend with its present quarterly distribution. Prior
who was a member of the dry goods firm of James A. Hearn
to the adoption of the 10% rate, the bank had paid 8% for
& Son, died suddenly on Christmas Day.
He was forty- several
years, the stock having been placed on that basis in
nine years of age.
Jan. 1906, when it was raised from 6%.
The institution has
—A profit-sharing system in the interest of employees
a capital of $3,500,000 arid surplus and profits in the neigh¬
somewhat out of the ordinary among banking institutions
borhood of $5,360,000.
has been adopted by the People’s Trust Co. of Brooklyn.
—Lloyd A. Frost has resigned as Trust Officer of the Inter¬
In the past the company has been accustomed to distribute
national Trust Co. of Boston, having been elected Secretary
a certain amount in cash among its employees at Christmas
and Director of the Shawmut Commercial Paper Co., 716 Old
time, this usually representing a certain percentage of their South
Building, Boston. Mr. Frost assumes his new duties
annual salaries.
In the opinion of the company the purpose
on Jan. 2.
of this distribution should be to encourage saving, and the
—T. Coleman du Pont, President of the E. I. du Pont de
conclusion has therefore been reached that the interests
Nemours
Powder Co., has been elected a director of the
of the company and its employees would best be served by
Fourth
Street
National Bank of Philadelphia.
a plan which would
help the employees to become stock¬
—A merger of the Third National Bank of Baltimore and
holders of the company.
For this reason, the present year,
the
National Bank of Baltimore was effected this week, the
instead of distributing cash, it has been decided to set aside
an amount
equal to 10% of the employees’ annual salaries, enlarged National Bank of Baltimore, which is the name of
the continuing institution, having commenced business under
and to invest this in stock of the company and divide it
new auspices on Thursday.
Early this month announcement
among the employees.
was made of the offer by Middendorf, Williams & Co. of
—The First National Bank of Brooklyn has declared an
extra dividend of 2% in addition to the regular quarterly ' $150 per share for the stock of the National Bank of Balti¬
more, the firm, it was stated, having acted in behalf of the
distribution of 2%, both payable Jan. 3 1911.
—State Bank Commissioner Vivian M. Lewis of New Jerse}*> Third National Bank, in which it acquired a large interest
Not less than 8,100 shares of stock of
who last August temporarily withheld his approval of the during the summer.
the National Bank of Baltimore (capital $1,210,700) were
application to organize the American Trust Co. of Morris¬
solicited at the offer named, and it is understood that con¬
town, N. J., has finally approved the request of the organ¬
izers, and a charter for the institution was granted on the siderably more than that number have been taken over by
fourteen years ago, his first
with building and loan
22d inst.
With
regard to his previous action, Mr. Lewis
was quoted as stating that, while he was satisfied that the
incorporators were men having the respect and confidence of
the people of Morristown, he failed to find any lack of banking
facilities in the community.
Mr. Lewis, it was said, was also
of the opinion that the demand for the company’s organiza¬
tion had its inception from outside interests and not among
local people, and it was his conviction that such demand
should
.
come
from within rather than from without the
com¬
munity. The conditions to which he took exception having,
according to the Newark “News,” since been removed, and
evidence having been furnished that there does exist a gen¬
uine public demand for the company, Mr. Lewis in further
consideration of the matter, consented to its incorporation.
Charlton A. Reed, former Mayor of Morristown, is one of the
incorporators, among whom are also George C. Smith,
Charles R. Combs, Lewis C. Tompkins, Edson J. Neighbour,
Frank Dufford, Charles R. Whitehead, George C. Reeve,
John V. Wise, Edward M. Young, David S. Brink, A. Hay¬
ward McAlpin, Martin R. Hilderbrant Jr., Walter A. Young
and Eugene Carrell.
—With the payment on the 23d inst. of a quarterly divi¬
dend of 33^%, the First National Bank of Paterson, N. J.,
has paid out 112 dividends to its stockholders, amounting
to $2,039,500 since organization.
The capital stock is
$500,000; surplus and profits $665,050. Edward T. Bell
P resident and Whitfield N. Smith, Cashier.
the
new
interests.
James L. McLane retires
as
President
of the National Bank of Baltimore and T. Roland
Thomas,
National, has been elected
President of the new National Bank of Baltimore, the direc¬
torate of which now consists of Mr. Thomas, R. Lancaster
Williams, of Middendorf. Williams & Co., William Lanahan,
Louis F. Young, W. B. Duke, John Hinckley and Nathan
who
was
President of the Third
R. Gorter.
It is stated that the
membership of the board
twenty-five at the stockholders’ meeting
in January, when the present directors of the Third National
will be added to the board.
The/Third National will also
formally be placed in voluntary liquidation next month.
—The daintiest Christmas card of many which came to our
editorial offices last week is that of the Mellon National Bank
of Pittsburgh, Pa.
A water-color reminiscent of the season
adorns the cover with this pretty sentiment embossed in
gold letters: “Happy days, and many.” The folded
page inside has in relief the coat-of-arms of this banking
institution and the simple inscription: “Mellon National
Bank—with Christmas greetings and sincere good wishes for
a happy and prosperous new year.”
The card was made in
England and is in such good taste as a printed example of
bank advertising that comment on it seems appropriate.
—A-new trial has been granted to James N. Huston,
formerly United States Treasurer, who, with Harvey M.
Lewis and Everett Du Four, was recently convicted of con¬
spiracy to use the mails to defraud in connection with the
will be increased to
1744
THE CHRONICLE
operations of the National Trust Co. of Washington. The
a new trial was granted by Justice Wright, who
felt that the evidence did not clearly establish that Mr.
Huston knew of the false representations
alleged to have
request for
been made.
—John J. P. Odell, formerly President of the American
Bankers' Association and also formerly head of the Union
National Bank of Chicago, which was merged in the First
National Bank, died on the 26th inst, at
Boulder, Colo.,
where he had made his home for several
years past.
Mr.
Odell was born in Eastport, Maine,
sixty-three years ago
He located in Chicago in 1865, a year
later, entering the em¬
ploy of the Union National Bank as bookkeeper, and finally
advancing to its presidency in 1890. He was President of
of
[Yol.
organization which will take over the business hitherto
conducted by the firm, to be known as Van Oss & Co.'s
Bank.
The latter has been registered under Dutch law with
a share
capital of fl. 1,200,000, of which fl.
an
600,000 fully
paid up, have been subscribed.
Messrs. S. F. van Oss,
A. M. van Oss and J. Leopold will be
managers and Messrs.
H. Paap and P. Meyer will have
authority to sign “per pro."
IMPORTS AND EXPORTS FOR NOVEMBER.
The Bureau of Statistics at
Washington has issued the
statement of the country's foreign trade for
November, and
from it and previous statements we have
prepared the fol¬
lowing interesting summaries:
6.9360275481109877888981190811. 18906.
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
(In the following tables three ciphers (000) are In all cases
omitted.)
the American Bankers' Association in 1894.
—The Alabama Bankers’ Association will
depart from its
meeting in annual session in May, and
will hold its nineteenth annual convention the
coming month
—on Jan. 18 and 19.
The bankers will be the guests of the
banks composing the Montgomery
Clearing-House Associa¬
tion.
Michael Cody, President of that
Association, advises
us of these facts in the
following communication, which we
print for the benefit of those interested who may not already
be cognizant of the change:
usual
custom
22 1911.
Financial Chronicle, New York, N. Y.:
Gentlemen: Please announce to your readers that the nineteenth annual
convention of the Alabama Bankers’ Association will be held In
Montgomery
on Jan. 18 and 19
1911, Instead of In May as heretofore, and will be the
guests of the banks composing the Montgomery Clearing-House Associa¬
tion.
This change in dates does not allow us sufficient time In which to
send written Invitations to each of our
large number of friends and bank
correspondents, and we use this method to cordially invite them, or their
representatives, to be present on that occasion.
There will be a banquet at the Exchange Hotel on the
night of the 18th,
and interesting business discussions
during other hours of the session.
Exchange National Bank, First National Bank, Fourth National Bank,
Montgomery Bank & Trust Co., New Farley National Bank, Sullivan
Bank & Trust Co., Union Bank & Trust Co.—Members of
Montgomery
T
1910
of
Montgomery, Alabama, December
Clearing-House Association—Michael Cody, President.
It is said that the object in
holding the meeting
so
far in
advance of the customary time is to draft a
proposed
amendment to the State banking law for the better
regulation
of financial institutions, so that the intended measure
may
be presented to the Legislature at its
coming session.
—The Fidelity Trust Co. of Tacoma
oldest trust com¬
lxxxxi
Exports.
Imports.
S
S
Exports.
$
422,056
1,636,991 1,425,770 +211,221
1,555,721
January-March...
412,678
Aprll-June
392,082
114,627
134,666
168,874
207,709
206,355
July
August
September
October
November
Total
1909
Excess.
$
—14,110
+19.446
—2,689
—3,692
+51,63)
+84,663
+75,994
Merchandise.
426,788
372,636
117,316
138,358
117,265
123,046
130,361
365.917
109,337
109,752
153,963
200,697
193,999
Imports.
S
355,105
362,893
112,488
117,094
121,015
127,673
140,509
Excess.
|
+ 66,951
+3,024
--3,151
—7,342
+32,948
+73,024
+53,490
1,336,777 +218,944
Qold and Qold In Ore.
January-March...
10,916
38,601
Aprtl-June
July
August
9,568
+1,348
+28,781
—9,454
—9,669
—1,370
—3,500
—2,938
37,979
25,856
16,662
9,230
7,546
9,379
15,649
12,158
7,977
3,270
5,349
2,351
7,034
3,864
+11,785
+25,821
+17,879
+13,392
+3,881
+5,195
September
3,150
1,822
October
November
1,376
9,820
10,283
12,819
3,192
4,250
4,314
57,444
54,246
+3,198
122,301
42,003
+80,298
11,398
10,503
+2,242
3,795
4,120
3,442
3,395
4,827
+2,912
+1,329
+636
+1, 88
+ 874
+439
14,474
14,886
5,049
4,495
4,385
4,054
4,951
10,453
12,419
3,916
3,191
3.261
4,049
4,695
+4,021
+2,467
+1,133
+1,304
+1,124
+ 6
+256
44,480
+9,820
52,294
41,984
+10,310
829
750
Total
+2,345
Silver and Silver In Ore.
January-March...
13,640
13,415
5,124
4,756
Aprll-June
July....
August
September
4,830
4,269
5,266
October
November
Total
51,300
+ Excess of exports.
—
Excess of imports.
We subjoin the totals for merchandise,
gold
eleven months since January 1 for six years:
Merchandise.
Eleven
Months.
Gold.
Excess
Ex¬
ports.
„■
Im¬
ports.
and silver for
Ex¬
of
Exports ports.
Im¬
ports.
Silver.
Excess
Excess
Ex¬
of
Exports ports.
Im¬
ports.
of
Exports
(the
$
$
$
pany in the State of Washington) shows a marked increase
$
$
$
$
$
$
1,636,991 1,425,770 211,221 57,444 54,246
3,198 51,300 41,480
9,820
during the past year in its resources, which have advanced
1,555,721 1,336,777 218,944 122,301 42,003 80,298 52,294 41,984 10,310
1,564,005 1,004,454 559,551 73,858 45,124 28,734 47,112 37,815
from $3,804,208 on Nov. 16 1909 to
9,297
$4,260,791 on Nov. 10
1,716,306 1,330,928 385,378 54,211 98,949 *44,738 57,212 41,690 15,522
1,607,843
last.
1,186,152 421,691 44,828 147,962 *103134 53,552 40,229 13,323
Deposits are reported in the new statement at $3,1,427,252 1,078,002 349,250 44,126 46,265 *2,139 49,317 31,246 18,071
314,164. This institution is enjoying all the advantages of
Excess of Imports.
its newly remodeled
building, which, with its safe deposit
Similar
totals for the ’five months since July 1 for six years
vaults, &c., make it one of the most complete in the State.
John S. Baker is President, J. C. Ainsworth and P. C. mnke the following: exhibit:
Merchandise.
Kauffman, Vice-Presidents; Arthur G. Prichard, Cashier,
Gold.
Silver.
Five
and George E. Dixon, Assistant Cashier.
Months.
Excess
Excess
Excess
Ex¬
Im¬
Ex¬
Im¬
Ex¬
o1
Im¬
—The Commercial Bank of
of
of
Vancouver, at Vancouver,
ports.
ports.
Exports ports.
ports. Exports ports.
ports. Exports
Wash., closed its doors on the 19th inst., and is in charge of
$
%
$
%
$
$
$
$
$
State 0
Bank Examiner
J. L. Mohundro.
..
1
9
The 1
832,231 627,346 204,885
7,927 34,855 *26,928 24,246 19,578
4,666
suspension
..
091
767,748 618,779 148,969 58,366 21,868 26,498 22,935 19,113
is said 9
3,822
to be due to
large investments
in realty
..80
9
1
686,207 482,002 204,205 20,340 18,716
and the
1,624 21,597 16,673
4,924
...
091
775,856 579,649 196,207 17,910 77,481 *59,571 27,993 19,295
bank’s 7
8,698
to
realize
inability
immediately
on its1
securities.
..60
9
750,001 548,792 201,209 13,218 85,424 *72,206 20,115 16,552
3,663
The bank
was organized
..
5
0
9
1
686,283
488,060
198,223
4,294 29,655 *25,361 24,236 16,073
in 1888. It has a capital of $25,000,
8,163
and its deposits are
reported in the Portland “Oregonian" as
Excess of Imports.
2|>QOg
1
1
1
1
1
1
1
»
1
1
1
1
1
1
1
1
<
1
*
*
$397,818.
—The Bank of Nova Scotia
(head office Halifax), which
several months ago increased its authorized
capital from
$3,000,000 to $5,000,000, has decided to increase its
paid-in
capital from $3,000,000 to $4,000,000. The subscription
price, it is stated, has been fixed at $268 per share, and the
present shareholders are to be given the right to subscribe
in proportion to their
existing holdings.
—An amalgamation of the United
Empire Bank of Canada
(head office Toronto) and the Union Bank of Canada (head
office Quebec) has been approved
by the directors of the two
In these tables of
totals, gold and silver in ore for all years
given under the heads respectively of gold and silver.
The following shows the merchandise balance for each
year
are
back to 1875:
EXCESS
1877.
-
institutions.
It is stated that the Union Bank will take over
all the assets and liabilities of the United
Empire Bank,
which was organized in 1906 and has about
twenty branches,
Ontario, with an office in London. The United Empire
Bank had a paid-in capital of
$559,523 on Nov. 30 1910,
when deposits were
$2,280,228. The Union Bank has a
paid-in capital of $4,000,000; its Nov. 30 statement showed
a reserve account of
$2,400,000, deposits (interest-bearing
and non-interest-bearing)
of $37,409,682, and aggregate
assets of $47,455,827.
At the annual meeting of the stock¬
all in
holders
;
on
Dec. 17 action
was
taken towards
-
MERCHANDISE
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Imports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
IMPORTS
...
1905.
Exports
Exports
Exports
......Exports
Exports
Exports
Exports
OR
EXPORTS.
11 months
$2,920,595
72.837,042
62,208,577
113,848,888
115,243,376
110,198,223
45,615,673
21,109,792
40,434,414
60,175,571
23,005,236
21,814,348
12,454,370
2.754,283
50,236,712
15,176,764
104,962,401
27,644,831
125,618,387
57,561.820 1894.
2,402,246 1895
191,095,979
246.603,919
242,589,604
219,392,617 1899.
298,988,644
239.532,164
155,879,626
Exports, 207,300,824
increasing the
authorized capital of the institution from $4,000,000 to
$8,000,000. The Union Bank has about 200 branches.
—Van Oss <fe Co., of The Hague, Holland, announce the
liquidation of its affairs of date Dec. 31 and the formation
OF
5 months ending Nov. 30—
201.334:506
198,222,935
201,208,247
196,207;i84
204,204,657
1904.
1905
ending Nov. 30—
Imports $18,784,617
Exports 122,900,825
Exports 100,104,990
Exports 269,514,539
Exports 230,279,987
Exports 141,361,717
..Exports 143,615,639
Imports 18,327,238
Exports 86,617,'33
Exports 70,931,406
Exports 78,318,929
Exports 20,835,610
Imports 14,635,757
Imports 58,821,017
Exports 19,581,456
Imports
3,544,599
Exports 91,700,830
Exports 75,070,203
Exports 65,172,031
Exports 126,047,892
Imports
7,137,281
Exports 266,052,419
Exports 283,565,818
Exports 537,870,363
Exports 423,966,371
Exports 571,603,735
Exports 527,943,682
.......Exports 337.733,647
1'
.Exports 392,207,824
Exports 366,723,050
Exports 349,250,524
.
1907
1908.
.Exports 421,691,645
.......Exports 385,378,373
_
.
.
.
1....Exports
148,968,673 1909-.........
204,885.210 1910.
.
....
.
......
559,551,016
Exports 218,944,451
.Exports 211,220,457
Deo.
^ottctainj1©otmiicrciatEtigtisfe^jeixrsi
English Financial Markets—Per Gable.
The daily closing quotations for securities, &c., at London,
as reported by cable, have been as follows the past week:
London,
Week ending Dec. 30.
Silver, per oz
d
Consols, new, 2*4 per cents.
For account
French rentes (in Paris)..fr
—
..
Mon.
Sat.
25
.
79*4
79*4
97.17*4
64*4
-
.
-
_
.
104*4
.106
.108*4
107*4
107*4
108*4
-
r*
-
72*4
28*4
47*4
-
-
preferred
-
Q
HH
a
Price per
P
136
Q
147*4
32*4
'
an
CJ
.
.
_
.
..
_
35*4
115*4
42
103
91
42
103
91
118*4
119*4
48
35*4
136
148*4
33
65
71
36*4
115
42*4
104
91
120
66
66*4
77*4
78
46
47*4
117*4
26*4
62*4
48
116
26*4
26*4
64
63
175
95
173*4
95
73*4
120*4
16*4
34*4
17
35*4
74*4
120*4
16*4
34*4
66
.
share.
28*4
76*4
46*4
-
.
70
66
.174*4
94*4
74*4
-120*4
-
93
200*4
83*4
22*4
127*4
29*4
77
-
..
65
70
8
106
66*4
.117
.
32*4
35*4
114*4
..
-
136
148
65
71
W
.
Southern Pacific
Southern Ry
Preferred
Union Pacific
Preferred
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extended 4s
29*4
71*4
28*4
47*4
35*4
35*4
-
.
126
47*4
s,
.
.
200*4
82*4
21*4
198*4
82*4
22*4
125*4
29*4
71*4
27*4
-
..
.
93
93
Pennsylvania
Reading Co
a First preferred
a Second preferred
65*4
8
104
106
Fe.. .103*4
—
63*4
63*4
8
103 *4
106
30
Second preferred
.136
Illinois Central
.148
Louisville & Nashville
Missouri Kansas A Texas..
32*4
Preferred
Nat. RR. of Mex., 1st pref.
Second preferred
N. Y. Central Hud. River -115*4
42
N. Y. Ontario & Western..
.103
Norfolk A Western
Preferred
Northern Pacific
a
_
_
8
.
Preferred
Erie
a
.
_
97.15
Canadian Pacific
.198*4
82*4
Chesapeake & Ohio
22*4
Chicago Great Western.
.125*4
Chicago Milw. A St. Paul..
Denver A Rio Grande
29*4
First
_
_
Thurs.
Fri.
24 15-16 24 15-16 25 1-16
79 5 16
79*4
79*4
79 9-16 79 7-16 79*4
97.05
97.10
97.02*4
Wed.
Tues.
■
9.0786—SThtoeck
Amalgamated Copper Co—
b Anaconda Mining Co
Atch. Topeka A Santa
Preferred
Baltimore & Ohio..
Preferred
66
47*4
48*4
119*4
27
63*4
176*4
96
75*4
120*4
17
35*4
66
£ b sterling.
Commercial aud fj&iscellhtieows Hews
National Banks.—The following information regarding
national banks is from the office of the Comptroller of the
Currency, Treasury Department:
1
BANKS’DEC. 15 TO DEC.'20.
0,904—The California National Bank of Santa Ana, Cal.
Capital, $100,000.
John Cubbon, Pres.; Augustus J. Vlsel, Vlce-Pres.; Wm, F. Lutz,
CHARTERS ISSUED TO NATIONAL
C ashler
0,905—The Ardmore National Bank, Ardmore, Pa.
Capital, $50,000.
Frank K. Miller, Pres.; H. Wilson Moorhouse, First Vico-Pres.;
C. A. Dahlstrom, Second Vice-Pres.; A. W. Hecker, Cashier.
Citizens’ National Bank of Quanah, Tex.
Capital, $50,000.
S. P. Britt, Pres.; Ralph F. Hughes, Cashier.
First National Bank of Englewood, Colo.
Capital, $25,000.
F. N. Briggs, Pres.; Geo. F. Higgins, Vlce-Pres.; A. E. Ferguson,
Cashier. • (Conversion of The Arapahoe State Bank of Englewood).
Yards National Bank of South Omaha, Neb.
Capital, $750,000.
H. C. Bostwick, Pres.; E. F. Folda and F. W. Clarke, VicePresidents; J. C. French,^Cashier.
EXPIRATION OF CHARTER.
4,491—The FirsCNatlonaOBank of Ticonderoga, N.
tion at close of .'business Dec. 16 1910.
Y.Jexpired by limita¬
Canadian Bank Clearings.—The clearings for the wee* e, ding Dec. 24 at Canadian cities, in comparison with the same
week of 1909, shows an increase in the aggregate of 8.6^.
Week'.ending December 24.
Clearings at—
Inc. or
Dec.
1909.
1910.
$
" %
$
45.396.358 —10.0
40,850,495
26,579.740 +25.8
33.424,380
20,799,463 +12.9
23,490,407
10,109,162
7,924,243 +27.6
3,776,479
+8.5
4,096,306
2,838,498
+4.8
2,973,468
1,856,043 —13.9
1,598,529
2,189,692
1,679,026 +30.4
2.783,665 +32.3
3.682,993
1,622,414
—6.7
1,513,355
+6.7
1,397,001
1,309,350
2,588.345
1,943,026 +33.2
1,114,313! +76,0
1,961,295
1,062,425 +16.4
1,236,419
629,681 Not included in total
Not
Included In total
621,292
1,013,522 Not Included in total
Canada—
Montreal
Toronto
Winnipeg
VancouverOttawa
Quebec
Halifax
Hamilton
Calgary
St. John
London
Victoria
Edmonton.
Brandon
Lethbridge
Saskatoon
Total Canada.
131,111,847
+8.6
120,685,043
1907.
1908.
$
$
35,140,249
23,500,000
17,505,353
4,400,017
2,900.248
2,202.786
1,636,405
1,390,706
1,822,651
1,403,972
992,319
1,158,736
1,108,704
95,162,146
25,113,749
18,777,632
11,917,778
3.500.000
2,702,969
1,737,700
1,435,107
1,419,953
1,236,061
1,007,714
1,076,309
1,053,890
589,389
71,568,251
■
Auction Sales.—Among other securities, the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son:
Bonds.
Stocks.
5 Amer. Exch. Nat. Bank—239
4 Chatham National Bank...331
27 Utica Steam A Mohawk Val¬
165*4
Ostrander Fire Brick Co._\$21
Tripler Llq. Air Co.,$10 ea.J lot.
ley Cotton Mills.
20
75
12,000 Colville Min. A Smelt. Co.$20 lot.
135 First Nat. Bank of Point
Bock, Tex
$20 lpt.
,
499 Miller Mining Co
$50 lot.
8
900 United Copper Co. pref
20 Aeollan-Weber Piano A Pi¬
_
anola Co. pref....
.87
lHjOrr Co. pref., $10 each...$7 lot.
938*Orr Co., com., $10 each—$7 lot.
800.Northwest. Commercial Co. 61
\ 1
Bonds.
.
•
.
,
$1,000 No. Car. Spec. Tax Bond
fc. U. 8. Tr. Co. Certf. of Deposit.- $5
1745
THE CHRONICLE
311910.)
$3,000 Montana Coal A Coke Co. 1st
6s, 1920, J. A D
$30
$10,000 Standard Milling Co. 5s,
8714 A lnt.
1930. M. A N
$3,000 Chic. A East. Ill. RR. Co.
1st ext. 6s, 1931, J. & D
124 A lnt.
$3,000 Buff. R. A P. RR.. Lincoln
Pk. A Charlotte 1st 5s, 1939,
J. AJ.
:
111*4 <fc lot
$10,000 Sturtyvant Realty Co. 3d
M. bonds
.:........$50 lot.
$670,006 Nat. Teleph. Corp. 5s. 1959 5
$9,000 United Trac. A Elec. Co.,
Prov. A Paw. issue 1st 5s, 193$
:
M. A S
104*4 A lpt.
$17,600 Bristol Qas A Elec. Co. 1st
M. 5s. 1939-...-.40
,
—- —
DIVIDENDS.
The following shows all the dividends announced for
future by large or important corporations:
Dividends announced this week are printed in italics.
Name
Per
Cent.
of Company.
Railroads (Steam).
Alabama Great Southern, pref
When
Books Closed.
Payable.
Days Inclusive.
the
25 Holders of rec. Feb. 4a
3 Dec. 16
to
Jan.
2
5 Solders of rec. Jan.
3
13.45
HT-vd.
3
fan.
rs
of
3
rec. Dec.22a
1 Solders of rec. Dec.30a
Feb.
2*4
10 >ec. 17
Vtlanttc Coast Line RR.. Common
3
to
Jan. 10
Jan,
Balt. Chesapeake A Atlantic, pref
31 Solders of rec. Jan.14a
3
ran.
1
3 Solders of rec. Dec.23a
Beech Creek, guaranteed (quar.)
ran.
Belvidere Delaware (annual)
10
)ec.
31 Solders of rec. Dec. 29
2X
Boston & Albany (quar.)
Deo.
31 Solders of rec. Nov.30a
2 *ov. 28
Dec.
ran.
to
3
Boston <fc Lowell
$4
2 Holders of rec. Dec. la
ran.
Boston A Maine, com. (quar.*
1*4
2 Holders of rec. Dec.20a
Boston A Providence, guar, (quar.)
2** ran.
Boston Revere Beach & Lynn.
3
ran.
31 Holders of rec. Deo. 16a
Canada Southern
Feb.
1 Solders of rec. Dec.30a
1*4
31 Holders of rec. Nov.30a
'Canadian Pacific, com. (quar.) (No. 58).
Dec.
1H
31
Holders of rec. Nov.30a
Common (extra)
Dec.
X
31 Holders of rec. Dec. 30
Dec.
2*4
Carthage Watertown & Sackett’s Harbor...
5
Dec.
31 Holders of rec. Dec. 30
Extra
Feb.
1 Holders of rec. Jan.20a
Central of New Jersey (quar.)
2
lX
3) Holders of rec. Dec. 9a
Dec.
Ch-sapeake & Ohio (quar.)
2
ran.
16 Holders of rec. Dec.31a
Chicago <fc Alton, preferred
16 Holders of rec. Dec.31a
2
ran.
Prior lien and participating stock
Jan.
1 Dec. 28
2
to
Jan.
3
Chicago Burlington A Quincy (quar.)...
ran.
3 Holders of rec. Dec. 17a
1*4
Chicago A Eastern Illinois, pref. (quar.).
ran.
3 Hoi iers of rec. Dec. 9a
3*4
Cbicago & North Western, common
3 Holders of rec. Dec. 9a
2
Jan.
Preferred (quar.)
Jan.
3 Holders of rec. Dec.27a
Chic. R. I. A Pacific Ry. (quar.)
1
31 3o not close
Dec.
Chicago A Western Indiana (quar.)
1*4
Cleve. Cln. Chic. A St. L., pref. (quar.)..
20 Holders of rec. Dec.30a
IX Jan.
Dec.
31 Holders of rec. Dec. 30
Cleveland & Marietta (annual)..
6
to
Jan.
2
Colorado A Southern, common
2
31 ^ec 22
Dec.
1 Holders of rec. Dec.3la
2
Feb.
Cuba Railroad, preferred.
Delaware Lack. & Western (quar.)
20 Holders of rec. Jan. 3a
2*4 Jan.
4
Jan.
1 Holders of rec. Dec. 15a
Delaware Railroad
16 >ec. 25
to
Jan.
8
Denver A Rio Grande, preferred
2*4 Jan.
4
3
Dec. 16
to
Jan.
Detroit & Mackinac, common (No. 1)..
Jan.
2*4
•t Dec. 16
to
4
Jan.
Preferred
2*4 Jan.
17 Holders of rec. Jan. 7a
East Pennsylvania
3
Jan.
to
1
16 Jan.
Jan. 15
2X Jan.
Georgia Railroad A Banking (quar.)
1 Holders of rec. Jan.l2a
Great Northern (quar.)
IX Feb.
Dec.
21
to
Jan.
2
10
Harrlsb. Portsm. Mt. J. A Lancaster
3*4 Jan.
2
Jan. * 16 Holders of rec. Dec. 19a
Hocking Valley, common
> e
er<3 of rec. Dec.24 a
fan.
Int Tborough Ranid Transit (quar.)
2X
1
Jan.
16 Holders of rec. Dec.3 la
Kansas City Southern, pref. (quar.)
Jan.
28 Holders of rec. Dec.30a
Lake Shore A Michigan Southern
6
1 Holders of rec. Dec.30a
6
Feb.
Guar, stock (Mich. So. A No. Ind.)_
5
Jan.
14 Holders of rec. Dec.3ia
Lehigh Valley, common..
Preferred
14 Holders of rec. Dec.31a
j
5
Jan.
14 Dec. 17
to
Little Schuylkill Nav. RR. & Coal
Jan. 15
$1.25 Jan.
4
3 Holders of rec. Dec. 23
Jan.
Louisville Bridge
to
Feb. 10
10 Jan. 21
Louisville <fe Nashville
3*4 Feb.
li Holders of rec. Jan.13a
Feb.
$5
Mahoning Coal RR., common
3 Holders of rec. Dec.21a
Preferred (guaranteed)
2*4 Jan.
Jan.
2 Holders of rec. Dec. 15a
2
Maine Central (quar.)
Jan.
3 Holders of rec. Dec. 15a
Manhattan Ry., guar, (quar.) (No. 107)
IX
28 Holders of rec. Dec.30a
Jan.
3
Michigan Central
to
14 Dec. 20
Jan. 13
Mine Hill <fe Schuylkill Haven
2*4 Jan.
3 Holders of rec. Dec. 9a
Morris & Essex, guaranteed
3*4 Jan.
16 Holders of rec. Dec.22a
N. Y. Central A Hudson River (quar.)..
1*4 Jan.
5
Jan.
3 Holders of rec. Dec.l5a
N. Y. A Harlem, common and preferred
3 Holders of rec. Dec. 15a
Jan.
N. Y. Lack. <fc Western, guar, (quar.)
IX
2
31 Holders of rec. Dec. 15a
Dec.
N. Y. New Haven A Hartford (quar.).31 Holders of rec. Dec.15 a
Dec.
Part paid stock, Issue of Dec. 20 1909..
$1
1
Feb.
17 Holders of rec. Jan.31a
Norfolk & Western, pref. (quar.)
Jan.
14 Holders of rec. Dec.31a
$2
Northern Central (No. 92)
Holders of rec. Jan.12a
1
Northern Pacific (quar.)
IX Feb.
2 Holders of rec. Dec. 5 a
Jan.
Northern RR. of New Hampshire (quar.)
1*4
to
Jan. 10
4
10 Dec. 29
Jan.
Northern Securities
Jan.
2 Dec. 18
to
Jan.
1
Norwich A Worcester, pref. (quar.)...
2
2 Holders of rec. Dec. 10a
Old Colony (quar.)
IX Jan.
4
31 Holders of rec. Dec.28a
Dec.
Pennsylvania Company
2
Dec.
31 Holders of rec. Dec.14a
Philadelphia Baltimore A Washington
to
Jan.
1
10 Jan.
Jan. 10
2*4
Philadelphia A Trenton (quar.)..
25 Holders of rec. Jan. 16a
Pitts. Cin. Chic. & St. L., com. & pf. (qu.)
IX Jan.
3
Pitts. Ft. W. <fc Chic., reg. guar. (quar.)..
IX .Tan.
1
IX Jan.
Special guaranteed (quar.)
1 Dec. 24
to
Jan.
i
3
Jan.
Pittsb. McKeesport & Youghiogheny, guar
Feb.
1 Holders of rec. Jan.14a
3
Reading, common
4
3
Dec.
16
to
Jan.
2
Jan.
Rensselaer A Saratoga
to
3 Dec. 23
Jan.
2
Rich. Fred. A Pot., com. A div. oblig’ns.
4*4 Jan.
1 Dec. 22
3*4 Jan.
to
Jan.
2
Rome & Clinton
St. Louis & San Francisco—
3 Dec. 18
to
Jan.
Jan.
3
5
Chic. & East. Ill. com. stk. tr. ctfs.
3
3 Dec. 18
to
Jan.
Prefcrred stock trust ctfs. (quar.).
1*4 Jan.
3
1
D~c
18
to
3
Jan.
Jan.
K C.Ft.S.&M.pref. stk. tr. ctfs.(quar.)
Holders
of
2
16
rec.
Dec.31a
Jan.
St. Louis Southwestern, preferred
Holders
war’t
No.
of
17
Jan.
3
1*4
Southern Pacific Co. (quar.) (No. 17)..
1
16 Holders of rec. Dec.31a
Jan.
Toledo St. Louis A Western, pref. (quar.)
3 Holders of rec. Dec. la
2*4 Jan.
Union Pacific, common (quar.)
to
Jan.
2
10 Dec. 21
United N. J. RR. A Canal Co., gu. (qu.)
2*4 Jan.
3 Holders of rec. Dec.22a
2*4 Jan.
Valley Railroad (N. Y.), guaranteed
5
Jan.
1 Holders of rec. Dec.21a
Vermont Valley
2
to
14 •an
61
Jan.
Jan. 14
white Pass A Yukon
1 Holders of rec. Dec.16a
3
Feb.
Wrightsville <fc Tennille, com. A pref..
2 Holders of rec. Dec.20a
Worcester Nashua A Rochester..
2X Jan.
Feb.
ran.
ran.
3
4*4
Albany A Susquehanna, guaranteed
Special
Allegheny A Western, guaranteed
Atch. Top. A Santa Fe, pref. (No. 25)
—
,
Street and Electric Railways.
Ry. A Lt., com. (No. 4) —
Common (extra)
Preferred (quar.) (No. 18)
Athens (Ga.) Ry. A Electric Co., pref._
Auburn & Syracuse El. RR., pref. (quar.)
Aurora Elgin & Chicago RR., com. (quar.)
Amer. Cities
Preferred (quar.).
Bangor Railway A Electric (quar.)
Birmingham Ry., Light & Power, com
Preferred
'.
Boston & Northern Street Ry., pref.
Boston Suburban El. Cos., pref. (quar.)..
Brazil Railway, preferred (quar.)
Brookhm Rapid Transit (ouar.)
-
Capital Traction, Washington, D.C.(qu.)
Carolina Power A Light, pref. (quar.)..
Cedar Rapids-Iowa City Ry. <fc Light, pref.
Chattanooga Ry. A Lt., pref. (qu.) (No.6)
Cincinnati Street Ry. (quar.)
Cin. Dayton A Toledo
Preferred
Trac.,
com
Preferred (quar.)
Citizens’ Elec. St. RR., Newbury port...
City Ry., Dayton, O., com. (quar.)...:.
Preferred (quar.)__
Cleveland Railway (quar.)
Col.(0.)Newark&Zanesv.El.Ry..pf. (qu.
Columbus (Ga.) Elec. Co., pref. (No. 9)..
Consolidated Traction of New Jersey
Danbury A Bethel Street Ry..
Denver <1; Northwestern Ry. (quar.)..
Preferred (quar.).
2
X
1*4
2*4
1*4
X
Jan.
Jan.
1*4
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
3
Dec.
IX
1*4
*4
2*4
X
IX
1
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jun
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
3
Ijan.
1*4
IX
2*4
3
$3
$1
1*4
1*<
1*4
2*4
IX
1*4
1*4
3
2
2
2
IX
Dec. 22
to
to
Dec. 22
Dec. 22
to
Holders of rec.
Holders of rec.
Holders of rec.
Hold era of rec.
Holders of rec.
Dec. 25
to
Dec. 25
to
Holders of rec.
Holders of rec.
Jan.
1
to
Holders of rec.
12
Dec.
to
Holders of rec.
Jam
2
Jan.
2
Jan.
2
Jan. 3a
Dec.31a
Dec.20a
Dec. 20a
Dec. 15a
Jan.
1
Jan.
1
Jan. 14
Jan. la
Jan.
5
Holders of rec.
J Dec, 17
to
l Dec. 15
to
2 Dec. 15
to
t Dec. 18
to
1 Dec. 18
to
Dec.l5a
2
2
2
1
1(
10
10
Jan.
Jan.
]
J
:
:
k
i
s
:
i
Dec.10a
Jan. 11
Dec.28a
3
(
i
-
2
15
2
1()
.
.
2
2
9
Jan.
Jan.
Jan.
Jan.
.
1
1
2
2
to
Jan.
2
to
Jan.
2
Holders of rec. Dec,15a
Dec. 25
to
Dec. 31
Holders of rec. Dec.24a
Jan.
1
to
Jan. 14
Deo. 27
to
Jan. P2
Holders of rec. Jan. la
Holders of rec. Dec.17a
Holders of rec. Dec. 17a
Holders of req. Dec.29a
Dec. 21
[■ Dec. 21
*
2
Jan.
>746
Name
THE CHRONICLE
Per
Cent.
of Company.
Street and Electric Railways
(Con.)
Ft. Smith Light A Trac., pref. (quar.)
Frank.A Southwark
Pass.Ry.,Phlla.(qu.)
Germantown Pass, tty., Phila. (quar.)..
Halifax Elec. Tramway, Ltd.(qu.)
(No56)
Hestonv. Mantua & Falrm. Pass., com..
Preferred
When
Books Closed.
Payable.
Days Inclusive.
Jan.
Jan.
Jan.
$1.3114
IK Jan.
Jan.
SI
$1.50 Jan.
’4
Jan.
Honolulu Rap. Tran. A Land, com.
1
Dec.
(qu.)
Preferred
3
Dec.
IndlAniirpoHs Street Rv
3
Jan.
Dpc.
1
Lake5Shore Elec. Ry., 1st pref. (quar.).
IK Jan.
Lancaster Co. Ry. & Lt., pref. (quar.)..
IK Dec.
_
_
4
Preferred
...
London (Canada) Street Ry
Lou.&Nor.Ry.& Ltg., pref. A & B (qu.).
Louisville Traction, common (quar.)
Manchester (N. H.) Trac., L. A P.
(quar.)
Manila Elec. RR. A Ltg.
Corp. (quar.)..
Massachusetts Electric Cos., pref
Memphis Street Rv.. vref. (qjmrA
Nashville Ry. A Light, com.
(quar.)
Preferred (quar.)
New England Invest. A
Security, pref..
New Orleans City RR., common
Preferred
IK
$4.50
__
New Orleans Railway A Light, pref
New York State Rys., com.
(quar.)
Preferred (quar.)
Norfolk A Portsmouth Trac.,
pref. (No.l)
Northwestern Elev. RR., Chic. pref.
(qu.)
Old Colony Street Ry., pref
Omaha & Coun. Bluffs St.Ry., com.
(qu.)
Preferred (quar.)
Ottawa Electric Railway
...
Extra
Ottumwa Ry. A
Light, pref. (quar.)
Philadelphia City Passenger Ry
Philadelphia Company, common (quar.)
.
3
3
K
l
2
1
52
IK
K
IK
2
1
2K
2 H
IK
lK
IK
1
$3
1
1k
2K
2
IK
$3.75
IK
IK
IK
IK
15 Holders of rec. Dec. 31
2 Solders of rec. Dec.15a
3! Dec. 15
to
Jan.
2
3 Dec. 20
to
Jan.
3
1 Dec. 21
to
Jan.
1
1 Dec. 21
to
1
Jan.
1
Dec. 31
31 Dec. 28
to
1
Jan.
31 Dec. 28
to
Jan.
1
1 Dec. 23
to
Jan.
1
31 Dec 23
to
1
Jan.
Holders
of
rec.
Dec.21
a
1,
31 Holders of rec. Dec.24a
31 Holders of rec. Dec. 22
Dec.
31 Holders of rec. Dec. 22
Jan.
3 Dec. 18
to
Jan.
2
1 Dec. 26
Jan.
to
Dec. 31
lan.
1 Holders of rec. Dec.lOa
Jan.
16 Holders of rec. Jan. 2a
Dec.
31 Holders of rec. Dec.24a
Jan.
2 Holders of rec. Dec. 5a
Dec.
31 Dec. 22
to
Jan.
1
Jan.
I Holders of rec. Dec.21a
Jan.
1 Holders of rec. Dec.21a
Jan.
2 Holders of rec. Dec.20a
Jan.
10 Jan.
1
to
Jan.
9
Jan.
10 Jan.
1
to
Jan.
9
Jan.
16 Jan.
1
to
Jan
15
Jan.
3 Dec. 18
to
Jan.
9
Jan.
3 Dec. 18
to
Jan.
9
Jan.
10 Dec. 29
to
Jan.
9
Jan.
18 Jan.
8
to
Jan. 18
Feb.
1 Holders of rec. Jan. 14
Jan.
1 Dec. 18
to
Jan.
9
Jan.
1 Dec. 18
to
Jan.
9
Jan.
2 Holders of rec. Dec.31a
Jan.
2 Holders of rec. Dec.31a
Jan.
15 Holders of rec. Dec. 31
Jan.
10 Dec. 28
to
Jan. 10
Feb.
1 Holders of rec. Jan. 3a
1 Holders of rec. Dec.12a
Jan.
Jan.
2 Dec. 22
to
Dec. 31
,Dec. 31 Dec. 28
to
Dec. 30
Jan.
1 Dec. 20
to
Jan.
1
Jan.
2 Dec. 16
to
Jan.
2
Jan.
1 Holders of rec. Dec. 31
Jan.
1 Holders of rec. Dec.15a
Jan.
2 Holders of rec. Dec. 15c
1 Dec. 25
Jan.
to
Dec. 31
Jan.
1 Holders of rec. Dec.
5
Dec.
31 Dec. 21
to
Jan.
2
Jan.
5 Holders of rec. Dec. 31
Jan.
5 Holders of rec. Dec. 31
Jan.
1 Dec. 25
to
Jan.
1
Jan.
2 Holders of rec. Dec.24a
Dec.
31 Dec. 23
to
Jan.
1
Jan.
3 Dec. 21
to
Jan.
2
Jan.
3 Holders of rec. Dec. 15a
Jan.
3 Holders of rec. Dec. 23
Jan.
2 Holders of rec. Dec. 12a
Jan.
2 Holders of rec. Dec.15a
Jan.
2 Holders of rec. Dec. 15a
Jan.
3 Holders of rec. Dec.22a
Jan.
2 Holders of rec. Dec.10a
Jan.
1 Dec. 28
to
Dec. 31
Jan.
2 Dec. 14
to
Jan.
2
Jan.
5 Dec. 25
to
Jan.
5
Jan.
3 Holders of rec. Dec. 15a
Jan.
1 Dec. 24
to
Jan.
2
Jan.
3 Holders of rec. Dec.31a
Jan.
3 Dec. 24
to
Jan.
3
Jan.
2 Holders of rec. Dec.15a
Jan.
16 Holders of rec. Dec.24a
Jan.
2 Holders of rec. Dec.i5a
Jan.
5 Holders of rec. Dec.31a
Name
[Yol.
Per
Cent.
of Company.
Trust Companies.
Bankers’ (quar.)
Brooklyn (quar.)
4
5
5
9
2
4
6
3
4
.
Extra
Central (quar.)..
Columbia (quar.)Commercial of N. J. (quar.)
Equitable (quar.)
Fidelity
Flatbush, Brooklyn
Franklin, Brooklyn
4
5
.
Fulton (No. 37)
Guaranty (quar.)
Hudson
Extra
8
3
,
,
Knickerbocker (quar.)
Lawyers’ Title iris.A Tr. (quar.) (No. 49)
Long island Loan & Trust, Bklyn. (quar.)
1
3
3
3
3
When
Payable.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Jan.
Jan.
Dec.
Jan.
3
3
3
3
31
3
31
3
3
31
3
31
3
3
31
3
2
3
3
Dec.
Jan.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Manhattan
Extra.
Mechanics’ of N. J. (quar.) (No. 46)
Mercantile (quar.)
3
5
Jan.
3
Dec-
Metropolitan (quar.) (No. 56)
5
5
6
8
1
4
5
3
12 K
25
3
2
3
Dec.
Jan.
Dec.
Dec.
Jan.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Dec.
31
31
31
3
31
31
3
31
31
31
10
3
3
3
29
7K
Jan.
IK
Dec.
Jan.
Jan.
Dec.
Jan.
-_
Extra
Mutual Alliance (quar.)..
Mutual of Westchester
County (quar.)
New York (quar.)
IK
IK
.
People’s, Brooklyn (monthly)
Standard (quar.)
Title
Guarantee & Trust (quar.)._.
Trust Co. of America
(quar.) (No. 34)...
Union
(quar.)
United States
Washington (quar.)
Extra
Windsor
Fire Insurance.
Hanover (No. 117).
Miscellaneous.
Aeolian-Weber Plano & Pianola, pf. (au.)
Alliance Realty (quar.)..
Amer. Beet Sugar, pref.
(qu.) (No. 46)..
Dec.
.
4
Books Closed.
Days Inclusive.
Holders of
Holders of
Holders of
Dec.27a
Dec.23a
Dec.23a
Holders of rec. Dec.24a
Holders of rec. Dec.27a
Dec. 30
to
Jan.
2
Dec. 24
to
Jan.
3
Dec. 22
to
Jan.
2
Dec. 21
to
Jan.
2
Holders of rec. Dec. 30
Holders of rec. Dec. 19
Holders of rec. Dec.31a
Dec. 24
to
Jan.
2
Dec. 24
to
Jan.
2
Dec. 23
to
Jan.
2
Dec. 18
to
Jan.
3
Holders of rec. Dec. 17a
Dec.
8
to
Jan. lo
Dec.
to
8
Jan. 10
Dec. 29
to
Jan.
2
Holders of rec. Dec. 23
Holders of rec. Dec. 23
Dec. 23
to
Jan.
2
Dec. 23
rec.
rec.
rec.
to
Jan.
2
Holders of rec. Dec. 30
Dec. 25
to
Holders of rec.
Holders of rec.
Holders of rec.
Holders of rec.
Jan.
6
to
Dec. 20
to
Holders of rec.
Holders of rec.
Holders of rec.
3 Dec. 24
31
16
3
31
2
lxxxxi.
Holders
Holders
Holders
Holders
Holders
to
Jan.
2
Dec.31a
Dec.21a
Dec. 23
Dec. 24
Jan.
9
Jan. 2
Dec. 24
Dec. 24
Dec. 28
Jan.
3
of rec. Dec. 24a
of rec. Jan.
5
of rec. Dec.21a
Am. Brake Shoe A
Fdy., com. A pref. (qu.)
of
Jersey (quar.)
rec.
Dec.16a
Ameiican Can, preferred
Reading Traction
(quar.).
IK
of rec. Dec.16a
75c.
American Caramel, preferred
2
Jan.
Ridge Ave. Pass. Ry., Phila. (quar.)
A
(auar.)
Dec. 22
to
Jan.
1
$3
Amer. Car A Fdy., com.
St. Charles Street, New Orleans.
Jan.
2
K
(quar.) (No. 33)
Holders of rec. Dec.12a
3
Preferred (quar.) (No. 47)
Jan.
2 Holders of
St.Joseph Ry.,L.,H. AP.,pf.(qu.) (No.33).
IK
rec. Dec.12a
IK
American Cigar, preferred
Sao Paulo Tram, L. & Pow.
3
Jan.
3 Holders of rec. Dec.16a
'2 U
(qu.)(No.35)
American Express (quar.)
Scioto VaUey Trac., pref. A lst
Jan.
S3
3 Holders of
pref. (au.)
rec.Nov.30a
1K
American Gas & Electric, com.
Second & Third Streets
2 Dec. 22
IK Jan.
(quar.)..
to
Pass., Phila
Jan.
2
S3
Preferred (quar.)
South Side Elev. RR.,
1 Jan. 22
IK Feb.
Chicago (auaf )
to
Feb.
1
K
American Glue, preferred
4
Feb.
1 Jan. 20
Springfield A Xenia, pref. (quar.)
to
Feb.
2
IK
'■
Amer. Iron A Steel
Jan.
Preferred (extra).
Mfg..com.A
IK
pf. (qu.)
Holders of rec. Dec.20a
K
American Locomotive, preferred
Stark Electric RR. (quar.)
Jan.
21
IK
Jan.
(quar.)
5
to
Jan. 23
75c.
1 H Dec.
31 Holders of rec. Dec. 15
Syracuse Rap. Tran., pref. (quar.)
IK
American Plano, preferred
Terre Haute Ind. & East.
1 Dec. 11
IK Jan.
(quar.)..
to
Tr.. pf. (qu.)
2
Jan.
1K
American Pipe & Construction
Thirteenth & Fifteenth Sts.
2
Jan.
2 Holders of rec.
(quar.)..
Dec. 15a
Pass., p'hila
$6
Amer. Power & Light, pref.
Jan.
Toronto Ry. (quar.)
3
IK
(qu.) (No. 5)
Dec. 21
to
Jan.
3
IK
American Radiator, common
Dec.
2
31 Dec. 23
Tri-City Ry. & Light, pref. (quar.)
(auar.)..
to
Jan.
1
IK
American Screw..
.Dec.
31 Holders of rec. Dec.24a
Twin-City R. T., Minneap., com.
2K
1K
(qu
American Seeding Machine,
Jan.
Preferred (quar.)
15 Holders of rec. Dec.31a
K
common....
IK
Preferred (quar.)
Union Passenger Ry.,
15 Holders of rec.
1K Jan.
Philadelphia
$4.75
Dec.3la
American Shipbuilding, pref.
Union Ry.. Gas & Electric, pref.
16 dJan. 4
IK Jan.
(quar.)..
to
(auar.)
Jan. 16
IK
Amer. Smelt. & Ref., com.
Union Traction, Philadelphia
1
16 Dec. 16
(qu.) (No.29)
to
J[an.
Jan.
5
SI.50
Preferred (quar.) (No. 46)
United Electric Co. of New Jersey
3 Dec. 16
IK Jan.
to
2
Jan.
6
American Snuff, common
United Trac. & Elec., Providence
5
Jan.
3
(quar.)
Holders of rec. Dec.15a
(auar.)
1K
Common (extra)
3
Jan.
3 Holders of rec.
Virginia Railway A Power, preferred
;
Dec.15a
2K
Preferred (quar.)
Washington Water Power, Spokane
3 Holders of rec.
IK Jan.
l K
Dec.15a
(au.)
Am. Sugar Refg.,
West End St., Boston,
Jan.
3 Holders of rec. Dec.
com.&pref.
IK
(quar.)...
preferred
la
$2
American Surety (quar.) (No.
Western OhioRy., 2d pref.
31 Dec. 16
2 K Dec.
86)
to
(quar.)
Jan. 10
IK
Extra.
West India Elec. Co., Ltd. (No. 12) '
5
Dec. 31 Dec. 16
to
Jan. 10
1K
American Teleph. A Teleg
West Philadelphia Passenger
2
Jan.
16 Holders of rec.
(quar.)
Ry
$5
Dec.31a
American Thread, preferred.
Jan.
1
Wheeling Traction
2K
Nov.
18
to
1
Nov. 30
American Tobacco, preferred
3 Holders of rec.
Winnipeg Electric Ry
IK Jan.
(quar.)
Dec.10a
2K
American Type Founders, com.
Jan.
1
16 Holders of rec. Jan.
Youngstown & Ohio River, vref. (mmr \
(quar.)..
10a
K
Preferred (quar.).
16 Holders of rec. Jan.
Banks.
IK Jan.
10a
American Woolen, pref.
Aetna National (quar.)
16 Dec. 22
(auar.) (No. 47)
IK Jan.
to
2
4
Jan.
Jan.
3 Holders of rec. Dec. 27
Anaconda Copper
Jan.
50c.
18
America, Bank of
Mining
(quar.) (No. 41)
Holders of rec. Jan.
13
7
Jan.
3 Dec. 21
to
Associated Gas & Electric,
Jan.
3
Jan.
15
Battery Park National (No. 1)
pref. (quar.)
IK
Holders of rec. Dec. 31
3
Jah.
3 Holders of rec. Dec.22a
Associated Merchants, ls(
16 Holders of rec.
Broadway, Brooklyn (quar.)
pref. (quar.)
IK Jan.
4
Jan.
Jan.
7
3 Dec. 14
to
Jan.
First preferred (extra)
2
Bronx Borough
Jan.
16
K
Holders
of rec. Jan.
10
7
Dec. 31
Second preferred (quar.)
Bronx National
Jan.
16 Holders of rec.
IK
4
Jan.
Jan.
7
1 Dec. 20
to
Jan.
Second pre erred (extra)
2
Jan.
Butchers’ & Drovers'. National
16 Holders of rec.
K
3
Jan.
7
Jan.
3 Dec. 23
to
Bell Telephone of Canada
Jan.
2
2
Jan.
14 Holders of rec.
Century (quar.)
(quar.)
Dec.23a
IK Jan.
3 Dec. 25
to
Jan.
Bell Telephone of
2
Ghase National (quar.)
16 Jan.
Pennsylvania (quar.).
IK Jan.
6
3
to
Jan. 16
Jan.
3
Holders
of
rec.
Dec. 31
Bliss (E* W.), common
Extra
Jan.
2
3
K
(quar.)
Dec. 29
8
to
Jan.
Dec. 31
3 Holders of rec. Dec. 31
Preferred
Chatham National (quar.) (No.
(quar.)
2
Jan.
3
Dec. 29
4
to
160)
Jan.
Dec. 31
1 Dec. 24
to
Dec. 31
Brooklyn Union Gas (quar) (No.
Extra
3 Dec. 18
IK Jan.
39)..
4
to
Jan.
2
Jan.
1 Dec. 24
to
Dec. 31
Butte Electric A Power,
Chelsea Exchange (quar.)._.
Jan.
3 Holders of
common
IK
(quar.)
2
rec.
Jan.
Dec.15a
1
Dec. 31
Canadian Gen. Elec., Ltd., com.
Chemical National
Jan.
1 Dec. 16
(auar.)
IK
(bi-monthly)
to
Jan.
31
2K
Dec.
2 Dec. 26
to
Canadian Westinghouse
Jan.
1
Citizens’ Central National
10 Jan.
IK Jan.
(quar.) (No. 24)
1
to
(quar.)
Jan.
9
IK Jan.
3 Holders of rec. Dec.28a
Extra
Jan.
1
City, National (Brooklyn)
10 Jan.
1
to
7
Jan.
9
Jan.
3
Dec.
21
to
Canton Company
Jan.
2
Coal & Iron National (quar.)
Dec.
31
$1.50
Dec. 21
to
1
IK Jan.
Jan.
3 Holders of rec. Dec. 14
Extra
Colonial (quar.).
31 Dec. 21
60c. Dec.
2 K Jan.
to
Jan.
1
1 Holders of rec. Dec.20a
Celluloid Company (quar.!
Columbia (No. 45)-..
Dec.
3i Holders
IK
of
6
rec.
Dec. 14a
Jan.
1 Dec. 22
to
Jan.
2
Extra
Dec.
31 Holders
2
Commerce, Nat. Bank of (quar.)
rec.
2
of
Dec.
14a
Jan.
3 Dec. 22
to
Jan.
Central Coal & Coke, common
3
East River National
14 Jan.
IK Jan.
(quar.)
1
to
3
Jan. 15
Jan.
3 Dec. 21
to
Jan.
4
Fifth Avenue (quar.)
Preferred (quar.)
1
IK Jan. 14 Jan. 1
to
25
Jan. 15
Jan.
2 Holders of rec. Dec.31a
Central Leather, preferred
Fifth National (quar.) (No. 142)
Jan.
3
IK
(quar.)
Holders of rec. Dec. 10a
3
Jan.
3
Central A S. A. Telegraph
First National (quar.)
9 Holders of rec.
IK Jan.
(quar.)
5
Jan.
Dec.31a
3 Holders of rec. Dec.3la
Chic. June. Rys. A U. Stk. Yds.
Extra
2
Jan.
3
.corn.(qu)
Holders
8
of rec. Dec.12a
Jan.
3 Holders of rec. Dec.31a
Preferred (quar.)......
First National, Brooklyn
Jan.
3
IK
Holders
of
2
rec.
(quar.)
Jan.
Dec.12a
3 Dec. 28
to
2
Jan.
Extra
Chicago Pneumatic Tool (quar.)..
Jan.
1
25 Holders of rec. Jan.
2
14
Jan.
3 Dec. 28
to
Jan.
2
First Security Co.
Chicago Telephone (auar.)
2
iDec. 31 Dec. 29
(quar.)
3
to
Jan.
Jan.
2
3
Holders
of rec. Dec.31a
Cincinnati Gas A Electric
Fourth National (quar.)
Jan.
2
IK
(quar.)
Dec. 15
2
to
Dec. 21
Jan.
1 Dec. 21
to
Jan.
2
Cincinnati Gas Transports,
Garfield National (quar.)
Dec.
31
5
com., guar
Dec. 25
to
3
Jan.
2
Dec.
31 Dec. 22
to
Jan.
2
Cincinnati & Suburban Bell
German Exchange
Jan.
2
4 Dec. 24
Telep.
10
to
Jan.
3
Jan.
3 Dec. 17
to
Jan.
3
Cities Service, common (No. 1) *_ (quar.)
Hanover National (quar.)
Jan.
1
K
4
Holders of rec. Dec. 20
Jan.
3 Dec. 23
to
Jan.
2
Preferred (No. 1)
Importers’ & Traders*’ National
1 Holders of rec. Dec. 20
IK Jan.
12
Jan.
3 Dec. 21
to
Jan.
2
Citizens’ Gas of Indianapolis
Jefferson
Jan.
1 Dec. 16
IK
(No.
i)__
4
to
Jan.
1
Jan.
4 Dec. 28
to
Jan.
4
Dividend No. 2
Liberty National (quar.)
1 Dec. 16
IK Jan.
5
to
Jan.
Jan.
1
3 Holders of rec. Dec.31a
Extra
City
Investing,
Jan.
preferred
3
(quar.)
IK
5
Holders of rec. Dec. 24
Jan.
3 Holders of rec. Dec.3la
Columbus Gas & Fuel, preferred
Manhattan Co., Bank of the
1 Holders of rec.
1K Jan.
(quar.)
(No. 209).
8
Jan.
Dec.16a
3 Dec. 29
to
Jan.
2
Columbus (O.) L., H. A Pow.,
Jan.
Manufacturers’ Nat., Bklyn. (quar.)2
2
common..
Holders of rec. Dec.15a
5
Jan.
3 Dec. 24
to
Jan.
2
Preferred (quar.)
Market & Fulton Nat.
Jan.
2
IK
Holders
of
rec.
(quar.)
3
Dec.15a
Jan.
3 Dec. 25
to
Jan.
2
Consumers’ Power, nref. (quar.)
3 Holders of rec. Dec. 19a
Mechanics’, Brooklyn (No.
IK Jan.
6
Jan.
3 Dec. 25
to
Corn Products Refining, pref.
Jan.
2
Mercantile National (quar.) 117).
Jan.
1
10 Holders of rec. Dec.31a
(quar.)
IK
Jan.
3 Dec. 24
to
Jan.
3
Cuban-American Sutrar. pref
Merchants’ Exchange National
3 Holders of rec. Dec.15a
IK Jan.
(quar.)
3
Jan.
3 Holders of rec. Dec.22a
Cumberland Tel. & Tel. (quar.) (No.
Merchants’ National (No. 215)
2 Dec. 25
2
Jan.
to
Dec. 26
3 K Jan.
109)
3
Holders
of
rec. Dec. 22
Delaware Lack. A Western Coal
Metropolitan (quar.)
Jan.
16
2
K
2
(quar.)..
Holders of rec. Dec.31a
Jan.
3 Dec. 18
to
Jan.
2
Detroit Edison (near.'
Montauk, Brooklyn
Jan.
16
IK
of
Holders
rec. Jan. 3a
2
fin.
1 Dec. 16
to
Jan.
2
Mount Morris (quar.) (No.
Distillers' Securities Corp. (qu.)
31 Holders of rec. Jan. 10a
K Jan.
(No. 33)
44)
3
Jan.
3 Dec. 21
to
Jan.
2
Mutual
Distilling Co. of Amer., pref. (quar.)
Jan.
l
30 Holders of rec. Jan. 10a
4
Jan.
3 Dec. 23
to
Jan.
3
Duluth Edison Elec. pref. (qu.)
Nassau National, Brooklyn
3 Holders of rec. Dec.20a
IK Jan.
(No. 19»
3
Jan.
3 Dec. 25
to
New York, Bank of, N. B. A.(quar.)
Jan.
2
duPont(E.I.)de Nemours Pow., pf. (qu.)
25 Pin. 15
(No. 254)..
IK Jan.
to
Jan. 25
7
Jan.
3
Dec. 24
to
New York County National
du Pont Internat. Powder,
Jan.
2
2 Holders of rec. Dec.20a
Jan.
IK
(No. 117).. 20
pref. (auar.)
Jan.
3 Dec. 27
to
Jan.
North Side, Brooklyn (No.
3
Eastern
Dec.
31
A
Light
2
Fuel,
common
Holders
of
33)
rec. Dec. 21
(quar.)..
3
Jan.
3 Dec. 21
to
Eastman Kodak, com. (quar.I
Park, National (quar.)..
Jan.
3
2 Holders of rec.
2K Jan.
4
Nov. 30a
Jan.
3 Holders of ren, H«*,20a
Common (extra)
People’s (No. 119)-.Jan.
2 Holders of rec. Nov.
2K
5
30a
Jan.
3 Dec. 25
to
.Tan
2
Extra
Preferred (quar.)
2 Holders of rec. Nov.
IK Jan.
2 K Jan.
30a
3 Dec. 25
to
Jan.
2
People’s National, Brooklyn
Electrical
Securities
Dec
31 Holders of rec. Dec.31a
2
Corp., com. (quar.).
2
Jan.
3 Holders of rec. Dec.31a
Phenlx National
Preferred (quar.)
1
Feb.
IK
4
Holders of rec. Jan.31a
Jan.
3 Dec. 25
to
Jan.
2
Royal
Elec. Utilities Corp., pref. (qu.) (No. 3).
16 Holders of rec. Dec.31a
3
IK Jan.
Jan.
2 Dec. 31
to
Jan.
1
Seaboard National (quar.)
Electric
3
Storage
1
Jan.
Bat.,
com.
A
pref.
3
(qu.)_
Holders of rec. Dec.24a
Jan.
3 Holders of rec. Dec. 24
Second National
Empire Steel A Iron, pref. (No. 24)*
Jan.
2
3 Dec. 21
3
to
Jan.
3
Jan.
3 Holders of rec. Dec.30a
State
General Chemical of California, first pref.
Jan.
3 Holders of rec. Dec. 20
IK
5
Jan.
3
Union Exchange National,
Jan.
3 Holders of rec. Dec.20a
4
IK
Jan.
3 Dec. 22
to
.Tan
2
Washington Heights, Bank of (quar.)..
General Electric (quar.)
2 " Jan.
14 Holders of rec. Deo. 3a
2
Dec.
31 Dec. 30
to
Jan.
2
West Side
Goldfield Consolidated Mines (quar.)
Jan.
30c.
31 Holders of rec. Dec.3la
6
Jan.
3 Dec. 16
to
Jan.
3
Yorkville
Jan.
31 Holders of rec. Dec.31a
20c.
10
Pec. 31 Dec. 22
to
Jan. 10
Gorham Mfg., pref. (quar.)
3 Holders of rec. Dec.28a
IK Jan.
r* •
Portland(Ore.)Ry.,L.AP.,pf. (qu.)'(No,18)
Porto Rico Rys., Ltd., pref.
(auar.)
Public Service Corp. of New
.
__
_
._
.
-
•
_.
_
.
_
.
.
__
'
__
2
IK
elK
Dec.
Name
Per
Cent.
of Company.
Miscellaneous
Great Lakes Towing,
(Concluded).
pref. (quar.)
Guggenheim Explor. (quar.) (No. 32)..
Harrison Bros. & Co., Inc., pref. (quar.)_
Ingersoil-Hand, preferred-
Intercontinental Rubber, common (quar.)
Preferred (quar.)
Internal. Buttonhole Mach. (qu.) (No. 53) _
Internal. Cotton Mills Corp., pref. (quar.)
Internat. Harvester, com. (qu.) (No. 4).
International Nickel (quar.)
Common, extra (quar.)
—
Preferred (quar.)
.
International Paper, preferred (quar.)
International Sliver, pref. (quar.)
Preferred (extra)
Internat. Smokeless Pow.&Ch.,com.(qu.)
Kansas Gas <fc Elec., pref. (qu.) (No. 3)
La Belle Iron Works (quar.)...
La Rose Consolidated Mines (quar.)
-
Lawyers’ Mtge. Co. (quar.) (No. 37)
Mackay Companies, com. (quar.)(No.22).
Preferred (quar.) (No. 28)
Manning, Maxwell & Moore, Inc. (quar.)
Massachusetts Gas Cos., common (quar.)
Massachusetts Ltg. Cos. (quar.) (No. 29)
May Department Stores, pref. (quar.)...
Mergenthaler Linotype (quar.)..
Extra
Mexican
—
Telegraph (quar.)
Michigan Light Co., pref. (quar.)
Michigan State Telephone pref. (quar.)
Preferred (No. 24)
Monongahela Rlv. Cons. Coal & Coke, pf.
Mortgage-Bond (quar.)
National Biscuit, com. (quar.) (No 49)
National Carbon, common (quar.)
1X
214
l
3
1
When
Books Closed.
Payable.
Days Inclusive.
Jan.
Jan.
Jan.
.1 in.
1X
1
1X
l
1
Feb.
Dec.
Jan.
Jan.
/an.
IX
X
ih
X
X
IH
2X
2
3
IX
1
IX
1
1 li
2X
5
2X
IX
IX
1X
3
$1
IX
IX
IX
IX
1
Mch.
Mch.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Dec.
Jan.
Jan.
Dec.
Feb.
Jan.
Jan.
Dec.
Dec.
Jan.
Jan.
Feb.
Feb.
Feb.
Jan.
Dec.
Jan.
Jan.
Dec.
Jan.
Dec.
Dec.
Jan.
Jan.
National Lead, common (quar.)
X
National Licorice, pref. (quar.) (No.
IX
National Sugar Refining, pref. (quar.) —
IX
2
National Surety (quar.)
Nevada Consolidated Copper (quar.]
37Hc. Dec.
New England Telenh. & Teleg. (auar.)..
IX Dec.
New York Air Brake (quar.)
IX Jan.
Jan.
N. Y. Mortgage & Security (quar.)
3
New York Mutual Gas Light
Jan.
4
2
Jan.
Niagara Falls Power (No. 4)
Jan.
5
Nlplsslng Mines (quar.)
Extra
2X Jan.
North American Co. (quar.)
IX Jan.
IX Jan.
Nova Scotia Steel & Coal, com. (quar.)..
IX Jan.
2
Jan.
Preferred (quar.)
Oklahoma Gas <fc Elec., pref. (quar.)
IX Jan.
Ian.
Old Dominion Steamship (No. 70)-3
Jan.
5
Onderdonk Estate, common
Jan.
Preferred
3X
Jan.
$4
Osceola Consolidated Mining
Otis Elevator, preferred (quar.)
IX Jan.
Pacifto Teleph. & Teleg., pref. (quar.)..
IX Jan.
IX Jan.
Pay-as-You-Enter Car Corp., pref. (qu.).
Pennsylvania Lighting, preferred
Pittsburgh Coal, preferred (quar.)
Pittsburgh Plate Glass, common
Procter & Gamble, pref. (quar.)
(quar.).
Royal Baking Powder, common (quar.).
Preferred (quar.)
-San Diego Cons. Gas & Elec., pref. (quar.)
Scranton Electric Co., pref. (quar.)
Sears. Roebuck & Co., pref. (quar.)
Securities Company
—
•Shawinlgan Water & Power (quar.)
Shelby Iron
---Sloss-Sheffleld Steel dc Iron, pref. (quar.)
South Porto Rico Sugar, common (quar.)
Preferred (quar.)
Spring Valley Water (quar.)
Standard Gas Light, N. Y., common
--— --
and preferred
Subway Realty (quar.)..
Swift & Co. (quar.) (No. 97)
Tennessee Copper
Texas Company (quar.)
Texas & Pacific Coal (quar.)
Torrlngton Company,
—
preferred
Underwood Typewriter, nref. (auar.)
Union Bag & Paper, pref. (qu.) (No. 47).
Union Switch & Signal, com. & pf. (qu.).
Com. & pf. (special) payable in com.stk
United Bank Note Corp., pref. (auar.)
United Cigar Stores, Corp. of (qu.) (No. 6)
Extra
—
United Fruit (quar.) (No. 46)
United Gas & Elec, of New Jersey, pref..
Unlted Gas Improvement (quar.)...
United Shoe Machinery, common (quar.)
Preferred (quar.)
U. S. Finishing, com. (quar.) (No. 8)
Preferred (quar.) (No. 46)
U. S. Glass (quar.)
U. S. Light & Heating, preferred...
U. S. Printing of Ohio (quar.)
U. S. Smelt., Refg. & Mining, com. (qu.)
Preferred (quar.)
Utah Copper (quar.) (No. 10)
Utah Gas & Coke Co.,
pref. (quar.)..
Van Dyck Estate, common..
Preferred (quar.)
Ver Planck Estate, common
Preferred
Va.-Carolina Chem., pref. (qu.)
Vulcan Detlnning, pref. (quar.)
-
(No.
Wells, Fargo & Co
Wclsbach Company, preferredWestern Electric Co
Extra
Westinghouse Air Brake (quar.)..
Extra
Special
Westinghouse El. & Mfg., pref. (quar.)..
Preferred
Yukon Gold
1
a
(quar.) (No. 6).
Transfer books not closed.
IX
IX
IX
2
Public Securities, first preferred
Quaker Oats, com. (quar.)
Common (extra)
Preferred (quar.)
Realty Associates (No. 16)
Reece Buttonhole Mach, (qu.) (No. 99).—
Republic Iron & Steel, pf. (qu.) (No. 36).
Preferred
Standard Screw, common
3X
2
X
IX
3
2
IX
3
IX
IX
IX
1*4
2X
1
2X
IX
1
2
50c.
2
3
3
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Dec.
Dec.
Jan.
Jan.
J an.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Dec.
Dec.
Jan.
Jan.
IX
fan.
IX
$1.50 Jan.
2X Dec.
IX
Dec.
3X
IX
Jan.
1
3
Jan.
60(7
IX
IX
X
2
2X
2
2
J
in.
Tan.
Jan.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
IX Jan.
1
IX
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
75c.
Dec.
IX
Jan.
3
Jan.
IX
1
3X
1X
1
Jan.
Jan.
Jan.
2
Jan.
IX Jan.
5
Jan.
3X Dec.
1 1-3/ Dec.
Dec.
2
X Jan.
2X Jan.
IX Jan.
1
Jan.
IX Jan.
3 Xh Jan.
Dec.
ioc.
IX
7X
3X
3 Holders of rec. Dec. 15
3 Dec. 15
to
Jan.
3
2 Holders of rec. Dec.28a
1 rt aiders of rec. Dec. 10a
1 Holders of rec. Jan. 20
31 Dec. 21
to
Jan.
2
16 Holders of rec. Jan.
5
3 Holders of rec. Dec. 31
14 Holders of rec. Dec.24a
1 Feb. 10
to
Mch. 1
1 Feb. 10
to
Mcb. 1
1 Jan. 13
to
Feb.
1
16 Holders of rec. Jan. 5a
2 Dec. 20
Jan.
2
to
2 Dec. 20
Jan.
2
to
2 Holders of rec. Dec.20a
3 Dec. 23
to
Jan.
3
31 Dec. 24
to
Jan.
1
20 Jan.
Jan. 17
1
to
31 Holders of rec. Dec. 23
3 Holders of rec. Dec. 10a
3 Holders of rec. Dec. 10a
31 Holders of rec. Dec. 31
1 Holders of rec. Jan. 18a
16 Holders of rec. Dec.3la
1 Holders of rec. Dec. 20
31 Holders of rec. Dec. 10a
31 Holders of rec. Dec. 10a
16 Holders of rec. Dec.31a
3 Holders of rec. Dec.22a
1 Jan. 15
to
Feb.
1
1 Holders of rec. Jan. 18a
1 Holders of rec. Jan. 18a
25 Jan. 13
Jan. 24
to
31 Holders of rec. Dec. 24
14 Holders of rec. Dec.28a
14 Jan.
5^to
Jan. 15
31 Dec. 11
to
Jan.
2
16 Holders of rec. Jan.
1
31 Dec. 10
tojg Dec. 13
31 Dec. 28
to £jan.
2
3 Holders of rec. Dec. 20
3 Dec. 24
to
Jan.
3
3! Dec. 10
to
Dec. 18
31 Holders of rec. Dec.15a
27 Holders of rec. Jan. 6a
4 Holders of rec. Dec. 24
10 Holders of rec. Dec. 28
16 Holders of rec. Jan. 2a
20 Jan.
1
to] Jan. 17
20 Jan.
1
to
Jan. 17
2 Holders of rec. Dec.15a
15 Holders of,rec. Dec. 31
14 Jan.
1
Jan. 15
to
14 Jan.
to
1
Jan. 15
15 Holders ofArec/Dec. 31
c
Dec. 21 a,to
Jan.
2
]
1
Holders of rec. Dec.31a
Holders of rec. Dec. 31
1
Jan.
to
Jan. 15
Holders of rec. Dec. 31
Holders of rec. Dec. 31
25 Holders of rec. Jan. 14
31 Dec. 16
to
Jan.
1
14 Holders of rec. Dec. 31
1 Holders of rec. Dec. 24
16 Holders of rec. Jan. 3a
16 Holders of rec. Jan. 3a
28 Holders of rec. Feb. la
1-’
lolders of rec. Jan.
5
16 Holdres of rec. Jan.
5
2 Holders of rec. Dec. 17a
31 Holders of rec. Dec.15a
31 Holders of rec. Dec. 15a
15 Holders of rec. Dec. 31
2 Dec. 22
to
Jan.
1
1
lolders of rec. Dec. 15a
14 Jan.
1
to
Jan. 15
20 Holders of rec. Jan.
7
10 Dec. 28
Jan. 10
to
3 Holders of rec. Dec.20a
3 Dec. 23
to
Jan.
3
3 Dec. 23
Jan.
3
to
31 Dec. 18
Dec. 31
to
31 Dec. 21
to
Jan.
2
31 Dec. 21
to
Jan.
2
1 Holders of rec. Dec. 15a
3 Holders of rec. Dec.24a
2 Dec. 18
to
Jan.
5
26 Holders of rec. Jan. 10a
31 Holders of rec. Dec.15a
31 Doc. 21
to
Jan.
2
2 Dec. 21
to
Jan.
1
1 Holders of rec. Dec.20a
16 Holders of rec. Dec.3la
10 Dec. 31
to
Jan. 10
10 Dec. 31
to
Jan. 10
31 Dec. 16
to
Jan.
2
16 Jan.
4
to
Jan. 16
16 Jan.
4
to
Jan. 16
14 Holders of rec. Dec. 24
14 Jan.
Jan. 13
1
to
14 Holders of rec. Dec. 31
5 Holders of rec. Dec. 20
5 Holders of rec. Dec. 20
2 Holders of rec. Dec. 21
2 Holders of rec. Dec. 21
5 Holders of rec. Dec. 29
16 Holders of rec. Dec.3la
3 Dec. 23
to
Jan.
3
16 Holders of rec. Dec. 31
16 Holders of rec. Dec. 31
3)
>ec. 17
to
Dec. 20
3 Dec. 24
to
Jan.
2
26
16
15
14
)
]
16
20
16
31
31
31
16
10
10
10
16
16
31
dividends.
,
Statement of New York Oity Clearing-House Banks.—The
detailed statement below shows the condition of the New
York Clearing-House banks for the week ending Dec. 24.
The figures for the separate banks are the averages for the
In the
daily results.
of the totals the actual figures
case
at the end of the week are also given.
For definitions and rules under which the
are
made up, see
“Chronicle,” Y. 85,
We omit two
Capital.
Banks.
00s omitted.
Merchants’
Mech. & Metals
....
America
Phenlx
City
Chemical.
Merchants’ Exch
Gallatin
Butch. & Drov_
Greenwich
American Exch.
Commerce
Mercantile
Pacific
Chatham
....
....
People’s
Hanover
Citizens’ Cent..
Nassau
Market & Fulton
,...
Metropolitan
Com Exchange
Imp. & Traders’
..
Park
East River
Fourth
Second
First
....
500,0
1,000,0
2,000,0
3,000,0
1,500,0
5,000,0
250,0
6,000,0
1,000,0
10,000,0
Irving Exch
Bowery
2,000,0
250,0
N. Y. County..
500,0
760,0
5,000,0
100,0
200.0
German-Amer
.
Cha^e
Fifth Avenue..
German Exch..
Germania
Lincoln
Garfield
Fifth
Metropolis
200,0
1,000,0
1,000,0
250,0
1,000$
200,0
West Side
Seaboard
Liberty
N. Y. Prod Ex.
1,000,0
1,000,0
1,000,0
State
14th Street....
Coal & Iron....
Union Exch—
1,000,0
1,000,0
—
Loans.
Specie.
Average.
Average.
$
$
2,000,0
2,050,0
2,000.0
6,000,0
1,500,0
1,000,0
26,000,0
3,000,0
600.0
1,000,0
300,0
500,0
5,000,0
25,000,0
3,000,0
600,0
450,0
200,0
3,000,0
2,550,0
1,000,0
1,000,0
various items
836.
ciphers (00) in all cases.
Surplus.
$
Bank of N. Y_.
Manhattan Co-
p.
Legale.
Average.
3,289,0
6,574,0
3,493,0
10,473,8
3,753,4
2,003,0
34,017,7
4,931,1
1,583,7
1,121,7
676,4
1,950,3
5,984,2
23,220,8
1,669,2
332,4
944,7
471,9
11,865,3
5,210,1
585,5
1,492,0
2,864,1
7,331,0
4,158,0
18.646,0
390,7
4,788,0
2,907,0
20,059,5
4,913,3
800,0
1,277,4
721,7
14,102.9
2,420,4
475,2
986,2
2.704,3
1,901,1
585,1
1,493,7
846,0
4,689,0
5;061,3
2,118,8
4,460.0
1,042,1
728,0
1,487,0
980,0
1,853,0
1,245,0
1,208,0
1,760,0
275,0
4,610,0
1,764,7
214,9
514,9
86,9
220.0
2,007,7
8,131,8
995,8
511,8
1,234,1
145,8
0,510,6
227,0
1,358,3
787,9
252,4
4,427,0
1,818,0
1,302,0
151,3
2,400,0
177,0
1,787,8
1.224,3
56.0
638,6
239.T
5,702,3
1,160,0
533,9
507,2
882,2
533,1
311,2
1,691,1
243,0
1,601,0
713,5
227,9
319,0
726,5
696,0
916,0
Re¬
Average. ' s’ve.
$
$
3.624,1
19,203,0
4,362,2
31,200,0
18,205 0
1.832,1
49,895,9
8,049,5
22,421,1
6,006,3
759,6
8,179,0
31,588,3 167,162,5
28,311,0
6,577,7
7,071,8
602,6
8,292,9
2,517,2
2,455,1
162,0
7,716,5
845,4
33,343,5
4,262,9
16,601,4 139,840,7
14,048,9
2,723,8
3,487,6
927,8
7,824,2
1.012,4
480,3
1,671,6
63,038,0
12,069,9
21,736,9
1,713.2
7,163,2
546,0
8,295,3
1,749,1
11,534,5
1,518,8
40.990,0
5,429,2
25,613,0
7,675,1
75,800,0
12,550,1
1,447,9
111,9
29,351,0
5,635,0
12,503,0
2,116,1
20.913,1 101,471,0
22.754,4
1.741,1
3,380,0
802,7
7,626,7
1,726,6
711,2
3,923,9
73,520,3
8,108,3
12,188,9
2,170,6
3,680,7
901,3
5.029,3
1,023,4
13,532,9
1,563,1
8,029,2
1,208,7
3,337,8
510.4
12,449.3
2,088,4
4,082,0
1,051,5
20,466,0
1,977,2
2,719,9
16,562,8
7,887,1
735,6
15,205,0
893,2
6,075,9
311,2
408,9
5,651,0
9,185.9
970,7
Deposits.,
16,561,0
2r
34,500,0 24.4
18,050,0 28.2
46,662,3 25.1
21.467.4 25.6
7,808,0 29.7
150,402,6 28.7
25,914,5 25.9
7,192,3 25.0
6,343,3 25.9
2,602,0 29.2
8,567,0 25.3
31,596,1 25.4
116,260,0 27.1
10,283,2 25.9
2,973,9 28.3
8,167,9 26.6
2,129,8 23.0
70,168,4 26:2
20,936,5 20.1
7,915,1 24.5
8,179,3 27.8
11,890,3 26.1
47,361,0 24.8
22,952,0 20:0
77,106,0 25.8
1,724,9 31.4
28,456,0 25.2
12,021,0 25.6
88,496,4 24.6
23.762,2 25.9
3,501,0 24.6
7,580,4 25.7
3,703,9 25.9
78,170,9 283
13,660,5 20.7
3,968,7 25.4
6,820,8 Z5.0
14,074,0 26.4
8,346,5 2&.1
3,502,0 25.0
12,625,7 25.2
4,442,0 24.4
23,540,0 25.8
18,056,2 31.9
9,317,4 25.1
18,768,0 25.4
6,707,3 20.1
5,612,0 25.8
9,260,0 25.9
Totals, average 133,350,0 196,577,1 1223,743,2 239,495,0 67,839.6 1189,060,6 25.8
1224,180,8 239,201,9 68,028,8 1189,339,9 25.8
Actual figures Dec 24..
On the basis of averages, circulation amounted to $48,378,400 and United States
deposits (Included In deposits) to $1,767,800; actual figures December 24, circula¬
tion, $47,889,200; United States deposits, $1,680,900.
Banking Department also now furnishes weekly
State banks and trust companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the figures are compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
following:
For definitions and rules under which the various items are
made up, see “Chronicle,” V. 86, p. 316.
The State
returns of the
STATE BANKS AND TRUST COMPANIES.
State Banks
Trust Cos.
Trust Cos.
State Banks
in
outside of
outside
in
Greater N. Y. Greater N. Y. Greater N. Y. Greater N. Y
Week ended Dec. 24.
Change from last
^Change
week
*8,998,000
39,391,800
174,583,300
*10,891,650
*9,817,991
290,473,100 1,016,037,900
+ 1,206.300
+ 240,000
95,588,800
+ 55.500
143,445,000
+ 238,500
332,003,400 1,041,594,100
+820,600
+ 1,677,300
100.464,400
—979.900
149,567,600
—73,900
92,736,900
+ 472,400
129,058,800
—906.000
20,413,900
—268,000
21,698;800
+ 219,900
28.5%
28.5%
15.5%
15.5%
21.1%
21.1%
15.1%
15.1%
45,822.600
+467,800
110,521,300
from last week
last week
24,654,900
+ 269,700
13,054,300
—332,100
Change from
Deposits —
Change from last week.
Reserve on
deposits—
Change from
P. C. reserve to
S
*9,075,000
66,406,000
Surplus as of Nov. 10
Loans and Investments-.
S
$
3
25,275,000
Capital as of Nov. 10
_
last week
deposits.
Percentage last week..
—466,400
Increase over last week. — Decrease from last week. * As of Aug. 31.
Note.—"Surplus” includes all undivided profits.
"Reserve on deposits”' in¬
cludes, for both trust companies and State banks, not only cash items, but amounts
due from reserve agents.
Trust companies in New York State are required by
4-
I
1
Jan.
1
to
Holders of rec.
Jan.
to
6
Holders of rec.
Dec. 25
to
Dec. 25
to
Holders of rec.
Dec. 31
to
Dec. 31
to
Dec. 31
to
Jan.
to
7
Jan.
7
to
Dec. 14
to
Jan. 15
Jan. 10a
Jan. 16
Dec. 27
Dec. 31
Dec. 31
Dec.20a
Jan. 10
Jan. 10
Jan. 10
Jan. 16
Jan. 16
Jan.
2
according
law to keep a reserve proportionate to their deposits, the ratio varying
to location as shown below.
The percentage of reserve required is computed
the aggregate of deposits, exclusive of moneys held In trust and not
6 Less income tax. d Correction.'
e
Declared 7% on
on
payable within
thirty days, and also exclusive of time deposits not payable within 30 days, repre¬
sented by certificates, and also exclusive of deposits secured by bonds of the State
The State banks are likewise required to keep a reserve varying
according to location, the reserve being computed on the whole amount of deposits
exclusive of time deposits not payable within 30 days, represented by certificates
of New York.
(according to the amendment
of the State of New
York.
of 1910) and exclusive of deposits secured by bonds
Required for Trust Companies
and State Banks.
—State BanksTotal
Of
which
which Reserve
in Cash.
: Cash .Required.
—Trust Cos.—
Reserve
preferred stocks, payable In quarterly Installments. /Two months’
dividend onaccountof change in dividend period from Q.-F. ItoQ.-M. 31. g Payable
In common stock to holders of record Dec. 31 1910. ft On account of accumulated
both common and
1747
THE CHRONICLE
311910.]
.
Location—
Manhattan Be rough
Brooklyn Borough (without
Total
Reserve
Required
15%
branches in Manhat.).15%
Other Boroughs (without branches In Manhattan). 15%
Brooklyn Borough, with branches In Manhattan. .15%
Other Boroughs with branches in Manhattan
15%
Elsewhere In State....—.—..............
10%
Of
15%
10%
10%
25%
20%
15%
15%
15%
20%
20%
15%
15%
15%
15%
6%
5%
10%
7X%
1748
THE CHRONICLE
The
Banking Department also
separate figures indicating the totals
trust companies in the Greater New
House.
These figures are shown in
undertakes
to
for the State banks and
the
York not in the
and
Clearing
NEW YORK CITY BANKS AND TRUST COMPANIES.
Clear.-House
| Week ended
Banks.
Clear .-House
Banks.
ActualFigures
Average.
Dec. 24.
$
State Banks &
Trust Cos. not
in C.-H. Aver.
$
Total of all
Banks& Trust
Cos. Average.
$
as of Nov. 10..
133,350,000
133,350,000
74,731.000
208,081,000
Surplus
as
of Nov. 10..
196,577,100
196,577,100
183,170.000
379,747,100
Loans and Investments 1,224,180,800
Change from last week
+6,246,800
1,223,743,200
Deposits
Change from last week
1,106,404,400 2,330,147,600
+ 424,100
+3,096,000
1,189,339,900 1,189,066,600 ol,055,061,600 2,244.128,200
+9,447,300
+ 7,522,200
—488,300
+7,033,900
last week
239,201,900
+3,522,800
239,495,000
+ 4,886.000
117.134,300
—665.400
356,629,300
+ 4,220,600
Legal-tenders
Change from last week
68,028,800
—604,700
67,839,600
+ 162,900
521,417,900
—212,000
89,257,500
—49,100
Specie
[Change from
Aggr’te money holdings
Change from last week
Money
307,230,700
+ 2,918,100
i
cl38.552.200
i
other bks. & trust cos.
Change from last week
23,255,500
—679,800
23,255,500
—679,800
161,807,700
—1,557,200
469,142,300
+3,491,700
i
i
Total
445,886,800
+ 4,171,500
—877,400
1
deposit with
on
307.334.600
+5,048,900
reserve..
307,230,700
+ 2,918,100
Change from last week
| 307,334,600
j
+5,048,900
Philadelphia Banks.—Below is a summary of
weekly totals of the Clearing-House banks of Boston
Philadelphia.
We omit two ciphers (00) in all these
figures
Capital
Banks.
and
Loans.
Specie.
Legals.
$
22,749,0
22,056,0
$
3,936,0
3,810.0
22,353,0
21,994,0
$
241,325.0
237,157,0
3,635,0
3,359,0
239,530,0
238,996,0
Surplus.
Boston.
Dec. 3..
Dec. 10..
Dec. 17..
Dec. 24..
Phila.
Dec
3..
Dec. 10..
Dec. 17..
Dec. 24..
$
■
$
40,200.0
40.200,0
40,200,0
199.744,0
199,846,0
200.128.0
40.200,0
201,022,0
55,465,0
55,465,0
55,465,0
55,465,0
252,395.0
253.075.0
253.030.0
252,716.0
Deposits,
70,644.0
68.372,0
67,212,0
67,215,0
a
Circu¬
lation.
Clearings.
$
$
7,940.0
7.993,0
7,777,0
7,786,0
168,544,4
162,071,0
161,021,8
158,674,5
303.421.0 15,755.0
300,158,0 15,743,0
299,712,0 15,739,0
299,615,0 15,766,0
166.807,3
146,165,5
147.914,8
143,912,0
%
Capital
| +2,671,900
LXXXXI
Boston and
present
the table below, as are
also the results (both actual and
average) for the ClearingHouse banks. In addition, we have combined each corre¬
sponding item in the two statements, thus affording an
aggregate for the whole of the banks and trust companies in
the Greater New York.
(VOL.
a Includes Government
deposits and the Item "due to other banks." At Boston
Government deposits amounted to $3,074,000 on December
24, against $3,094,000
December
17.
on
Imports and Exports for the Week.—The following are
imports at New York for the week ending Dec. 24; also
totals since the
beginning of the first week in January.
*
the
FOREIGN IMPORTS AT NEW YORK.
For week.
1910.
Dry goods
General merchandise
Total
Since January 1.
Dry goods
General merchandise
1909.
1908.
$3,990,421
14,073,721
$3,657,158
13,896,244
$18,064,142
$17,553,402
1907.
$3,349,306
8,721,700
$3,042,367
7,416,807
$12,071,006j $10,459,174
$155,986,672 $167,163,680 $126,363,793 $181,582,009
735,467,057 705.042,313 506,661,684 639,192,775
Total 51 weeks
$891,453,729 $872,205,993 $633,025,477 $820,774,784
I
Percentage to deposits
requiring
reserve
25.86%
25.83%
..
Percentage last week..
Surplus
reserve
25.88%
25.61%
9,895,725
The
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 24 and from Jan. 1 to date:
17.1%
17.2%
| 10,067,950
’ + Increase over last week.
— Decrease
from last week.
the deposits after eliminating the Item “Due from
reserve depositories
and other banks and trust companies in New York
City’’; with this item included,
deposits amounted to $1,153,302,300, an increase of 5946,500 over last week.
In
the case of the Clearing-House
banks, the deposits are “net” both for the average
and the actual figures,
b Includes bank notes,
c Of this amount State banks held
$14,976,600 and trust companies $123,575,600.
.
a
These
The averages of the New York
Clearing-House banks
combined with those for the State banks and trust
companies
in Greater New York outside of the
Clearing-House compare
as follows for a series of weeks
past:
»
COMBINED
RESULTS OF BANKS AND TRUST COMP WIF.S
GREATER NEW YORK.
IN
Loans and
Investments.
Deposits.
Specie.
Legals.
Holdings.
$
$
2,365,975,6
2,358,583,6
2.361,563.2
2,340,467,7
2.309,880,1
2,309,843,3
2,326,766,7
2,337,587,5
2.327,051,6
2,330,147,6
S
$
2.287,487,9
2,273,641,0
2,271,515,7
2,248,637,7
2,227,664,7
S
367,935,1
364,544,7
357,466,7
355,905,1
363,380,5
88,481,0
89,325,5
88,230,4
87,892,2
2,232,760,3
2,245.922.5
2,246.876.1
365,901,8
361,995,1
353,478,3
352,408,7
356,629,3
89,829,6
89,282,8
88,161,3
89,306,6
89,257,5
Nov.
5Nov. 12..
Nov. 19..
Nov. 26..
Dec.
Dec.
Dec.
Dec.
3..
10..
17..
24..
Tot.
2,237,094,3
2,244,128.2
Money
on
We omit two
£3
Banks.
Loans,
Legal
Disc’is
Tender
and
Bank
Notes.
Capi¬
Sur¬
and
tal.
plus.
Invest¬
Specie
453,870,2
445,697,1
443,797,3
451,719,5
455,731,4
451,277.9
441,639,6
441.715,3
445,886,8
480,663.0
477.425.5
470,422,9
467,943,4
474,847.4
478,744,6
475.117.2
465,636,4
465,650,6
469,142,3
N. Y. City
Boroughs of
Century
Colonial
Columbia
Fidelity
..
...
Jefferson
Mt. Morris.
Mutual
Plaza
23d Ward..
Yorkville
..
New Neth..
Bat.Pk.Nat.
Aetna Nat.
Mfrs.’
.
Nat.
Mechanics’.
Nassau Nat.
Nat. City..
North Side.
First Nat..
$
100,0
250,0
400,0
300,0
200,0
500,0
250,0
200,0
100,0
200,0
100,0
200,0
200,0
300,0
274,3
155,6
391,4
775,8
172,5
537,5
313,9
379,5
462,0
110,6
482,0
259,8
164,0
315,7
200,0
Hud.Co.Nat
Third Nat..
Hoboken.
First Nat..
Second Nat.
:
V
m
Other
Net
Banks, Deposits.
cfee.
S
1,223,0
1,389,9
5,651,0
6,283,0
1,022,4
3,072,0
2,541,5
3,228,9
4,234,0
1,844,7
4,042,6
2,377,0
1,628,2
2,072,6
$
143,0
41,2
787,6
642,0
88,9
174,2
449,8
41,4
347,0
160,3
70,0
257,0
160,4
399,3
$
41.0
165,9
461,3
603,0
92,2
317,5
‘->7.5
540.3
397,0
49,3
688,3
85,0
56,4
36,9
$
131,0
56,7
593,4
834,0
96,1
204,0
317,8
361,1
513,0
194,8
216,6
224,0
61,1
72,6
$
17,0
137.5
214,4
82,0
800,7
102,4
261,4
24,0
22,2
$
1,185,0
1,464,0
7,018,3
7,305,0
1,053,1
3,892,6
3,201,7
3,809,0
5,011,0
1,949,6
5,096,0
1,289,2
1,927,1
56,3
426,7
521,5
190,2
363,7 1,258,8
562,0
274,0
105,0
570,0
144,8
116,6
313,0
79,0
304,1
830,6
1,562,9
980,0
617,0
199,0
410,0
147,1 3,613,6
145,0 5,990,5
215,5 14,675,2
6,772,0
175,0 4,850,0
88,0 2,406,1
38,0 3,122^0
400,0
250,0
200,0
1.264,0
763,1
400,9
5,164,9
3,097,2
2,187.6
304,1
149,5
46,2
296,6
52,1
138,8
4,384,8
144,0
86,4
220,0
125,0
626,0
267,4
3,105,1
2,769,8
148,3
108,7
20,5
72,7
167,6
73,7
.
336,3
416,0
28;9
8,852,1
2,722,5
2,408,9
76,3
235,0
2,776,9
2,94+2
Tot. Dec. 24 7,497,0 12,777.0 93,271,9 6,585,2
7,057,6 14,158.2 3,040,8 107862,6
Tot. Dec. 17 7,497,0 12,777,0 93,219,3 6,693,6
7,064,5 14,858.5 3,061,1 108534^5
Tot. Dec. 10 7,497,0 12,777.0 92,820.0 6,636.3
7.278,6 12,916,8 2,913^9 106086,6
$13,324,017
628,153,362
following table shows the exports and imports of
specie at the port of New York for the week ending Dec. 24
and since Jan. 1 1910 and for the
corresponding periods in
AND
IMPORTS
OF
SPECIE
AT
NEW
YORK.
Exports.
Gold.
Week.
Great Britain
France
:
Imports.
SinceJan. 1.
$32,150,000
Germany
_
West Indies
Mexico
■«.
South America
All other countries..
$12,700
Total 1910
Total 1909.
Total 1908
4,455
3,551,827
3,000
9,693,766
41,900
$12,700 $45,444,948
1,389,550 95,039,667
901,010 54,901,565
Week.
SinceJ an.1.
$79 $13,469,815
3,056
3,618,893
314
209,152
511
40,863
1,113,792
299,120
2,262,801
1,720,845
$253,661 $22,485,580
49,230
8,896.060
171,828 17,085,459
Silver.
Great Britain
France
$795,095 $39,257,898
2,291,700
720,456
83
74,942
Germany
25,000
8.435
Total 1910
Total 1909
Total 1908
92,825
16,381
$828,613 $42,454,202
601,059 42,181,223
684,007 42,108,307
_
$29,492
1,164
4,098
89,194
$123,948
44,117
84,099
$42,836
7,179
13,310
83,515
1,763,401
1,341,078
1,628,661
$4,879,980
5,328,536
4,515,943
■
Of the above
imports for the week in 1910, $
were
American gold coin and
American silver coin. Of
the exports during the same time, $12,700 were American
gold coin and $200 were American silver coin.
Datrkitig and ffitmticiaL
2,530,0
534,2 3.278.7
838,4 5,468,5
882,0 11,382,6
1,018,1 6,861,0
614,9 3,765,0
149,5 2.112,7
623,9 3,468,0
252,0
1.000,0
750,0
300,0
200,0
300,0
Jersey City.
First Nat..
$7,623,440
619,919,138
*
S
Borough of
Brooklyn.
Broadway
ing
Agent.
$11,230,288
608,124,862
1907.
$676,818,121 $619,355,150 $627,542,578 $641,477,379
.
West Indies
Mexico
South America
All other countries
Deposit with
Clear¬
1908.
The
S
ciphers (00) in a-ll these figures.
ments.
Man. & Brx.
Wash. H’ts
Total 51 weeks
Deposit.
Reports of Clearing Non-Member Banks.—The following
is the statement of condition of the
clearing non-member
banks for the week ending
December 24, based on average
daily results:
I
Previously reported
1909.
Entire Fees
456,416.1
88,339,0
$9,220,948
667,617,173
...
EXPORTS
Week
Ended.
22..
29..
1910.
For the week
1909 and 1908:
We omit two ciphers in all these figures.
Oct.
Oct.
EXPORTS FROM NEW YORK.
are
Railroad and Industrial Stocks
Let us send you our circular
road and Industrial Stocks.
describing 110 ISSUES of listed Rail¬
Spencer Trask & Co.
43 EXCHANGE PLACE.
Chicago. III..
Boston. Mass..
NEW YORK.
Albany. N. Y.
Members New York Stock Exchange.
WHITE, WELD &
CO.
Members New York Stock Exchange.
ft NASSAU
STREET.
NEW YORK
THE ROOKERY.
CHICAGO
ABSTRAOf FROM
MADE TO THE COMPTROLLER N07. 10, 1910.
REPORTS OF THE NATIONAL BANKS
Vermont
r
..............
-
-
170
-
-
.......
Connecticut........
New
80
22
79
.....
...
island
Rhode
.........
3
Albany
Brooklyn
5
194
767
33
24
28
90
19
1
11
New Jersey
Pennsylvania
Philadelphia
Pittsburgh
Delaware
Maryland
Baltimore
District of Columbia
Washington ....
...........
Virginia
Georgia
...
....
Mississippi
Louisiana
9,560,356 2,030,203,513
90,404,496 144,432,090
7,104,512
63,186,810
77.196,304
1,008,830
398,055
258,477
217,835
168,797
589,835
31,813
760,589
533,656
298,504
199,660
665.843
29,111
307,789
404,476
149.333
168,330
052,972
1,944,230
334,410,537 326,657,758 2,022,158,957
Columbus
Indiana
Minneapolis
St. Paul.
Iowa
Cedar Rapids
Des Moines
....
...
...
5,750,000
11,861,000
6,900,000
4.100,000
3
4
3
400,000
2,000,000
600,000
10
2,035
149
100
223
North Dakota
South Dakota
Nebraska
4
Lincoln
Omaha..
South Omaha
Kansas
7
Wichita
Montana
........
1,036,395
3.697,985
Hawaii
Porto Rico
..........
Island Possessions
'17890,825
980,000
100,000
627,000
35,000
439
76,585,800
36,212,512
1,270.000
775,000
750.000
1,696,162
1,400.000
6,562,406
2,437,000
15,812,250
U. S. bonds....
Stocks, bds.,&c.
Real estate, <ko.
Due from banks
Nat. bank notes
■
Sllverlllllllll
Legal tenders..
Other
resources
R
Totals
........
*
Capital
Sur. A un. prof.
Circulation
Due to banks..
Due depositors.
....
Other liabilities
Totals
........
"*13 ~6
3
2
10 5
5
8
29 5
45 24
4 2
--
--
---
i
35
aj
41
4*
§
i
4}
1
&
312 1,631 53 30 404 266 109 47
235,335
239,439
387,523
05,316
305.920
00,946
173,476
237,111
333,357
30,656
919,607
418.290
546.145
30.041
27,598
46,071
220,054
3,208,595
302,538
417,150
668,043
74,770
277.803
2,118,620
911,880
163,500
369,650
15,869,454
12,233,150
3.384,726
L640632
273,690
184,270
341.960
43,110
532,090
287.180
24,081
521,148
29,820
30,344
63,975
103,635
62,332
241,110
188.188
35.871
70,954
396,833
53,468
101,699
404,078
564,580
262,298
1,210.218
235,15
943,IP
97.7|
49,031
35,00
014,10
85.79
588,40
1,489,83'
49,25
104,54
564,20
104,35
239,31
3,629,565
8,119,98
246,204
264,273
134,246
85,689
193,503
153,^12
704,184
309,710
426,946
105,196
67.398
117,974
45,201
07,406
8,101
53,870
60.229
148,395
1,941
02,541
16.691
143,457
41,801
108.93
200,95
75,97
46.80
72,41
214,52'
235,39
046.35
60,35
702,004
348
782
2,262
1.000
27,030
2,610
1.14
1,224,622
293,626
5,805.150
2,028.288
1,030,990
2,198.032
5.384,440
6,041,169
195,620
20,240
599,180
234,190
2,598,960
6,884,484
12,183,357
929,511
208,590
52,470
403,916
803,360
069,097
386,082
504.772
1,268.898
277,810
92,371
280
1,110
25,000
604,772
1,361,269
278,090
26,110
•3
.
—
3 ~~6
4 6 2 2 4
3 4
3
3
3
1
1(1 13 16 3 10
i .18 24 23 14 19
1
1 4
~5 ~5 ~4
--
.
Is
*
8
8
8 8 8
8
64 56 17 29 284 32
8 6 3 5 19 3 5
8 5 3 4 26 4 4
3
1
1
4
1 1
14 15 5 11 09 9 11
1
1
"'5 6 ’2 3 37 "2 3
1
1
1
1
2
2
1
1
2 2 1
20 1
1 1
3^1
--
---
—
II
I
35
if
8
8
8 10
1
2
1
3
2
3
j
3
I
5
|1
45
3 35
8
8
8
50 10 110 B
19 1 4
4 1
3
10
8
I
1
4
12
43
4
27
8
3*5
2
2
1
_
m
^
_
--
5 44 50 48 26 43 107 94 33 56 497 54 67 84 51
_
m
i
1
2
2
15 17
~6
--
i
o
'5 ’§ ”1 '! "i ‘i ’19
~7 4
5
14 ~9 ~4
4 7 4
10 6 2 4 86
3
2
8 6
3 4 18
26 14
26 31 4 16 209 14
41
27
40
29
46 38 20 23 196
1
3
3
3 4
--
0
&
!•« i
8 8
49 28
4 3
3 3
1
i
18 9
5 44 50 48 26 43 107 94 33 56 497 54 67 84 51
r
56.426,844
20,848
526,524
267,041
1 J lI J i
^
a
i
32,340,174
2,919,423
287,083
269,887
•
-*
~2
~23 27
3 41 33
1
17
10
i:;i 49
559 32 6 151 71
723 14 18 172 117
2
13
120
107
8.201.904
5,285,870
1.777,662
148,898
225,000
97,837
j
_
312 1,031 53 30 404 266 109 47
299,500
3,931,418
44,976,712
l*
% $ 3 $ 8 8 S
S
58 22 3 24 20 28 13 24
1 4 4 3 3 6
9
1
2
2
8- 4
2 "i 2 J
3
3
21 6 1 7 12 8 4 7
1
‘i 3 ~1
‘'5 ~2
1
1
l i
3 1
I
i 2
1
1
4
2
2
4
--
239,015
3,621,439
79,591
264,797
157,493
36,213
98.394
476,172
38.0Q5
09,675
611,918
1,568,148
1,944,29
138,00
607,84
100.351
095,189
937.730
36,745
47,405
8.214
22,101
4,329
52,095
2,110
93,78
8$
13
77,75
12,05
78.f|
18,801
1,955,60
14
31,291.881 121,032460 169,924,204
652,462,489 5.304.788.306 48.421,558 5,460,644,386 223.280,411 270,542,020
s
—
1,557,859
11,437,515
30,207,687
26,925,580
4,218,715
1,003,28
362,376,361
1,514,512
_
57.575
923,731
1,605.05-
388,676,345 6,084,704
200,867
10?
595,630
754,040
917,390
129,240
1,103,340
95,310
1,065,130
771,550
216,110
451,000
627.290
312,700
811,500
1,469,50'
257,390
134,175
710,000
_
646,858
85,730
445,485
033,025
106,825
151,880
53,535
217,954
1.844.120
128,127
409,312
5
S
S
S S
8
810 22 16 210 140
lg
18
1
2
56
151 0 4 30 29
1
7 21
32 1
85 18 4 86 30
1
1
-§ ‘I 21 12
1
6
4
40
6
47 i
1
4
6
241
1
1 21
Loans, dlsc.,&c.
81,892,480
1,281,553
010,279
26,420
96,680
41,130
16,722,397
6,782.289
8,969,998
5,931,652
6.193,072
1,068,564
289,890
*
46,916,741
404,285
167,003
498.686
149.933
318,120
52.000
187,301
85.339.612
17,500
0)
1,820,158
515,020
3,501.269
15,161,448
1,532,91
889,20
2,146,74
924,621
8,430,19
22,422,241
1,840.47
1,962,10
1,105,18
18.333,076
74,582,936
35.079,635
106,803,965
14,414,730
5,888,217
7,619,240
5,191,585
4,870,295
183,367
}l } 1
1
720,669
280,357
158,800
1.203,133
80,742
4,026,801
2,423,25
1,201,151
610,000
100,000
.
I
3,000
508^67'
21,934.879
26.521,133
15,499,159
5,617,119
19,611,080
4
1
.
492,123
1,000
150,717
050,001
1,361,370
392,10
282,"(551
27.668,344
31.375,658
16.440,842
6.501.832
27,242,341
21,258,285
90,736,290
36,445,159
373,177
850,000
456,232
1,030,000
1,750,000
1,792,000
,
TMils for
Reservo Ones. Ac.
In Millions.
32.255.272
13.548.902
40,534,159
38,094,442
8,929,432
11,909,066
1,277,460
1.204 17004,288,107
United States
56,054,334
4,885,248
2,537,701
4,033,689
541,237
502,411
64,111
507,02
273,03
190,771
107,668
89,193
300,632
185,998
41,949
257,725
277.222
299,350
568,783
3,282,070
4,028,010
3,575.000
870,010
2,273,900
2,490,000
3,772,030
31,686,640
1,083,440
393,720
1,741,190
1,556,700
1,418,890
1,808,320
641,020
2,012,470
309,350
365,890
65,000
303,490
2,115,740
337,710
15,701,290
5,811,630
28,126.665
6,639,765
61.385,131
8,779,891
1,870,406
3.439,480
26,349,104
2 000
115,053
183,959
2,752,005
1,110,928
459,037
14,790,13*
815,470
1,535.681
344,380
1,500.865
348,880
1,706,438
146.078
179.805
360,686,553
4,075,000
3.700,000
3.400,000
500,000
3,911,000
3,250.000
16,307,800
6,350,000
27.750.000
2,670,000
...
4,532,452
26,487,740
5,664,958
17.60Q
003,421
515,057
220,900
1,224,387
1,470,290
924.068
252,302
1,066,602
409,109
1,527,316
107.396
174,929
116,544
838,037
109.362
1,188,021
586,511
410,760
135,383
404,972
133,213
564,555
183,767
207,583
739,989
32,822
95,685
23,041
275,277
403,954
143,559
236,348
26,393,189
51,549,179
595,809
64,435
51.902
f»°1.441
6.125,512
67
5
5
2
71
4
171
9
10
47
16
5
12
13
2
.....
29,494.872
49.743,373
511,092
1,538.910
7,864,648
335,003
152,365
822.203
403,057,518
66,270,950
Pacific States
2,327,028
6,420,393
2,243,448
26.865,920
36,921.718
6,933,401
73,037,158
771,085
665,473
1,031,206
981,527
27,355,424
1,173
...
97,800,434
991,697
631,715
458,587
292,000
649,815
192,986
151,644
846,519
357,937
31,000
188,904
43.942
17,000
588,022
111,595
534,246
339.449
376,351
619,480
28,440
471,303
6,252.195
4,430,366
6.312,485
2,295,708
1,899,715
1,977,652
1,002,502
2,897.470
2,665,830
2,393,469
2.582,693
69,662
202,000
Weston States
Utah
Salt Lake City
Nevada
Arizona
Alaska (Sept. I 1910)
367,609
1,298.489
626,818
3,981,559
7,498,229
3,618,384
6,192,017
206,772
753.257
10,617,060
3,068,312
382,314
152,439
253,000
2,070,000
7
...
12.949,843
35,745,114
3,421,762
6,600,911
500.000
Oklahoma City
California
Los Angeles
San Francisco...
Idaho
1,269,756
190,000
400,000
4,767,850
1,685,000
6,473,100
3,100,000
700,000
1,350,000
Tacoma
Oregon
Portland
135,438
274,190
855,087
351,255
8.642,500
300.000
4
Spokane..
360,790
10,921,689
29,094,194
3,157,014
5,971,300
1,000.000
Washington
Seattle
465,612
179,070
120,240
564,190
6,075,890
46,662,987
1,481,103
3,475,068
159.417
218,470
40,308
1,501,697
271,837
467,320
55,110
160,000
133,420
192,010
309,492
1,870,570
122,230
712,710
97,058
178,390
195,845
362,420
204.000
910,960
110,300
1,472,260
385,799
1,207,240
2,351,492
330.000
2.055.000
420,000
4.119.340
750,000
145,000
517,000
2,420,276
981,300
2,754,480
2,805,000
415,000
807,500
2,405,113
3
2
3
3
41
217
Oklahoma
Muskogee
12,060.000
850,000
6
Denver..
Pueblo
New Mexico
550,000
10,512,500
50
29
115
...
...
2,609,000
4
Topeka
103,000
1,174,586
19.527,588
109.345,297
22,686,364
179,482,977
195,283.140
74,668,992
28,810,605
82,227,526
39,026,104
92,238,378
40,445.124
26,344,421
6,773,898
300,000
465,000
130,000
2,412,730
200
City
258,214
37,943,931
5,694,756
3,140,000
4,040,000
9,995,000
1,000,000
3,600,000
1,199,167
44,415,424
22.288,500
4.830,603
1,850,000
3.940,706
2.660,000
5,312.134
6,605,000
6,600,000
1,100,000
21,100,000
4
Louis
83,000
436,070
959,080
447,260
328,750
1,141,450
2,525,490
377,983
617,645
125,539
185,617
851,793
16,234.675
649,016
178,842,921
15,726,457
18,036,420
10
Middle Western States
2,914.701
28,110,814
31,985,754
11,674,588
271,638,600 130,000.175 1,423,841,352 13,138,590 1,544,421,955
321,616
28,407,813
28,584,091
1,504.035
5.285,000
6
260
6
6
317
Joseph
671,262,218
447,555
5,127
52,906,272
4,484,376
955,998
1,994,870
768,088
105
Missouri
Kansas City
8,397,458
608,482,749
16,010,858
7,250,000
4,050.000
1,240,000
8,211,533
2,494,000
9,350,000
3,750,000
21,108,000
6,300,000
30,595,000
41,400,000
9.491.300
5,150,000
10,685,000
122
24,151,663
110,240,732
16,800,015
9,560,523
3,815,632
23,899,182
7.707,584
6,510,369
17,626,907
42,799,207
23,805,817
57,902,369
424,446
186,927
22,189,453
731,995
697,761
826,300
419,910
233,320
674,720
168,202,193
61.373,284
56,347,813
17,342,478
96,419,706
29,133,731
159,690,253
284,003,371
62,610,855
31,788,393
62,671,739
38,609,529
81,578,358
48,761,604
28,364,681
103,364,941
6,944,745
10,206,129
2,449,307
25,885,362
49,543,041
10.027,938
110,036,444
13,900.000
4
Detroit
Wisconsin
Milwaukee
Minnesota
73,981.660
34 956.880
7
Chicago
Michigan
155,066,570
8
7
9
424
11
98
Illinois
4,709,364
357
254
Indianapolis
11,895,000
1,638,130
1,160,855
84,744,441
42,621,042
34,080,478
1,575,738
422,031
650.645
214,118
516,433
43,795.612
177,183
1,144,361
463,269
26.086.581
316.604
32,911,447
58,703
12,768,304
7,000
13,862,864
245,200
17,511,710
559,197
115,153,670
180,009
15,568,214
2,000
8.047.939
78,896
3,152,209
52,000
20,117,879
238,855
8,778,165
40,052
5,141,207
87,075
15,312,911
739,354
36,914,613
17,811,778 1,070,182
762,314
52,080,802
73.652,398
44,091,084
26,268,062
18,310,939
15,743,600 10,229,266
4,842,445
9,092,470
2,397,975
8,010,000
1,599,830
5.022,500
6,572,141
12,564,240
500,000
750.000
2,236,220
5,760,000
4,015,100
8,750,000
1,381,441
3,415,000
2,017,366
2,886,500
2.965,000
5,200,000
31,786,000 15,077,114
1,800,000
2,650,000
1,850,000
2,175,000
225,000
625,000
1,375,000
3,600,000
910,000
2,100,000
486,750
1,270,000
1.635,200
4,155,000
4,501,448
12,121,360
2,655,000
5,495,000
1,460
Cleveland
Colorado
229,996
432,607
2,178,243
23,460
879,164
45
141
8
101
Ohio
Cincinnati
Wyoming
78,252
130,408
178,197
1,930
04,897
6
6
6
Southern States..
Kansas
1,220.036
1,147,354
49,124
123,178
752,585
1,928,795
7
3
Louisville
Tennessee
St.
St.
5,504,340
6,470,048
56,191,191 105.262,830
1,073.680
499,754
856,550
239,975
2,658,420
1.954,847
6,743.780
9,307,256
9,804,941 10.960,910
6,320,910
5,835,501
130,920
142,904
602,140
467,654
1,934,260
394,560
31,250
18,848
1,752,100
77,017
4
Arkansas
Kentucky
Dubuque
11,885,075
252,133,508
816,223,897
22,397,234
15,669,044
134,722,462
323,674,351
209,758,724
140,075,289
10,009,017
25,349,064
57,611,231
864,487
21,715,205
488
Texas
Dallas
Fort Worth
Galveston
Houston
San Antonin..
Waco
3,899,945
38,204,427
75,370
1,008,211
2,812,251
4.233,073
5,734,995
1,383.882
11,434,242
480,332,517
4
New Orleans
13,300,289
1,014,768
2,595,402
180,995
361,070
652,353
648,636
607,315
693,796
50,955
106,091
648,593
60,500
2,008,876
41
.......
3,401,471
4,550,160
113
2
43
80
32
26
Savannah
Florida
Alabama
10,055.260
435,191
411,08(
321,74’
3,278,21
4,916,39!
687,74*
305,591,883
720,332,917
13,707,465
18,075,942
167,755.944
396,692,509
171,271,844
117,090,161
10,447,476
33,743,410
44,046,752
926,030
22,476,624
126
103
76
...
West Virginia
North Carolina.
South Carolina
1,718,143
303,337
153,034
1,946,403
9.050.869
444,807
1,059,227
457,058,873
1,620
States
3f2,552
120,998
137,446
105,699
689,575
1,945,257
94,342
308,154
503,228
410,184
2,361 375
5,324,945
364,381
t
Notes.
654,660
228,420
138,030
1,422,270
6,511,840
432,870
767,170
1,192,819
■
46,379,887 29,073.328
119,900,000 125,055,000
2,200,000
2,100,000
2,250,000
1,802,000
21,572,000 20,615,955
66,293,505 -64,585,001
22,655,000 37,230,000
26,700,000 27,780,000
2,018,418
2,373,985
3,469,383
5,291,450
7.920.010
13,290.710
252,000
252,000
4,208,663
5,800.000
99,625,650
406
39
New York
New York City
1,800,455
17,014,070
18,300,000
3,877,900
11,007,800
L~<jaL
Tender
*
8
18,452,128
17,505,736
129,785,714
185,258,344
31,185,281
63,824,053
Silver.
Certificates.
Certificates
34.121,261
256,037
292,886
127,821
300,000
3,035,053
227,930
310,439
37,936,757
20,105,986
17,531,831
127.907.634
163,244,408
28,627,226
61,703,033
Silver
Treasury
Certificates.
Gold
Treasury
58,054,093
472
England States
Eastern
6,460,000
5,210,000
31,217,500
22,950,000
6,700,250
19,914,200
Other.
Individual.
8,1^3,700 3,3f4,050
2,709,818
72
68
61
"
MAfujAebuset-tS.
Boston
.....
Capita7.
No. o1
Banks
Nov. 10 1910
Surplus.
Cold and
Gold C'-’o-H.
Loans
and
Discounts.
Deposits.
New Hampshire
1749
THE CHRONICLE
Dm 31 1910. i
‘
7
5
—
15
.
1
1
6
7
--
17
1
l
4
--
97 17 218 10 64
2 ^7
j
4
4
5
4
4
45
37
1
1
1
7
7
--
21
-17
4
4
3
3 20
4 32
1
1
is i
87
74
1
—
97 17 218 10
,
1
54
1750
THE CHRONICLE
iBankcrs* (Labette.
Tke Honey
Wall Street, Friday Night, Dec. 30 1910.
Market and Financial Situation.—Business at
Exchange during this brief holiday week has again
been characterized by a steadily
increasing demand for bonds,
the latter
including chiefly municipal and railway issues.
time the demand for stocks has fallen to the
lowest record since the
exceptionally dull period
same
September.
early in
It is well known that
a
part of the
enormous
amount which will be distributed on Jan. 1 will
naturally
seek investment, and it is evident that some of the
buying
of bonds this week is in
anticipation of such distribution and
at” the same time to take
advantage of the present low
prices.
Advices early in the week from
Washington relative to the
plan of the Government in its proposed legal action against
the two largest electrical
companies increased the tendency
to caution which for some time
past has existed in financial
circles; but the announcement of a bank failure in the north¬
ern
part of the city
apparently without effect in Wall
was
Street.
LXXXXI.
The following are the rates for domestic
exchange at the
undermentioned cities at the close of the week:
the Stock
At the
[Voi.
Chicago,
10c. per
60c. per
$1,000 discount. Boston, par. San Francisco,
$1,000 premium. Charleston, buying, par; sell¬
ing, l-10c. per $1,000 premium. St. Louis, 5c. per $1,000
discount.
Savannah, buying, 3-16c. per $1,000 discount;
selling, par. St. Paul, 85c. per $1,000 premium. Montreal,
46 %c. per $1,000 discount.
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $1,000
Virginia 6s deferred trust re¬
ceipts at 43.
The market for railway and industrial bonds has
again
shown increasing activity, the transactions on
Thursday
amounting to about $3,400,000, par value. The increased
demand includes a large number of
issues, but has not re¬
sulted in a notably higher
average of prices.
Of a list of 20
active issues, 9 are
fractionally higher and 11 lower.
Among the exceptional features is General Electric conv.
5s, which have declined a point, thus losing a part of the
recent advance.
Other changes are less important.
United States Bonds.—Sales of Government bonds at the
Board are limited to $1,000 3s,
coup., at 10234.
The
following are the daily closing quotations; for yeaHy range
see third
page following.
Railway traffic reports have been decidedly irregular,
especially as to net earnings, but practically all show the
Interest
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
effect of a rigid system of economy.
Periods
24
26
How long such economy
27
28
29
30
can be kept up without unfavorable results is one of
the 2s, 1930
registered Q—Jan
*100 ?* *100?* *100?* *100?*
questions suggested.
2s, 1930
coupon Q—Jan
*100?* *100?* *100?* *100?*
HoliHoli- *102
Call loan rates are higher, as is usual at the close of the 3s, 1908-18
*102
*102
*102
3s. 1908-18.
day.
*102
day. *102
*102
*102
year and the readjustments incident thereto.
Call loans 4s. 1925
registered Q—Feb
*115?* *115% *115?* *115?*
4s, 1925
have been made to-day at 7%, the
coupon Q—Feb
*115% *115% *115?* *115?*
highest rate quoted since 2s, 1936.Panama Canal
*100% *100% *100?* *100?*
the early part of the year; but time loan rates are not much
regisjQ—Feb
changed.
This Is the price bid at the morning board; no sale was
made.
The open market rates for call loans at the Stock
Exchange
Railroad and Miscellaneous Stocks.—The volume of busi¬
during the week on stock and bond collaterals have ranged ness in
stocks has been exceptionally small even for
from 2% to 7%.
a^ dull
To-day's rates on call were 5@7%. Com¬
period,
the
transactions averaging only about 270,000 shares
mercial paper quoted at 4 @43^% for 60 to
90-day endorse¬
ments, 4@43^2% for prime 4 to 6 months’ single names and per day. The tendency of prices was downward during the
early part of the week, but actual declines were generally
4%@,5% for good single names.
fractional.
Towards the close on Thursday there was a
The Bank of England weekly statement on
Thursday movement to cover short contracts which
caused a reaction
showed a decrease of bullion of £1,508,348 and the
percent¬ and a recovery
a
amounting
to
about
point
in the active list.
age of reserve to liabilities was 37.86, against 46.35 last week.
To-day’s market has been the most active of the week,
The rate of discount remains
unchanged at 434%, as fixed but with fluctuations narrow and net
Dec. 1.
The Bank of France shows a decrease of
changes unimportant.
9,275,000 In only a few cases does the
francs gold and 1,125 francs silver.
change for the week amount to
as much as one
point.
NEW YORK CITY CLEARING-HOUSE BANKS.
Kansas City Southern has been more active than
usual,
and is exceptional in that it is
nearly 2 points higher than
1910.
1909.
1908.
last week.
Reading, Southern Pacific, Great Northern,
Averages for
Differences
Averages for Averages for
week ending
Canadian Pacific and Atchison have been
from
week ending
week ending
relatively strong.
Dec. 24.
previous week.
Dec. 24.
Dec. 26.
General Electric and Westinghouse have been weak on the
8
8
prospect of litigation with the Government. The first
8
S
Capital
133,350,000
127,350,000
named has lost nearly 5 points and
126,350,000
Westinghouse a point,
Surplus
196,577,100
180^024!466 165,447,700 both on
Loans and discounts
1.223,743,200 Inc. 2”, 671.900 1.197,479,600 1.276,745.300
very limited sales.
Circulation
48,378,400 Dec.
111,700
52,611.100
For daily volume of business see page 1760.
49,129,600
Net deposits.
J 1,189,066,600 Inc.
7,522,200 1,179,731,300 1,322,151,900
The following sales have occurred this week of shares not
U. S. dep. (incl. above)
1,767,800 Inc.
77.600
1,758,400
9,265,500
Specie
239,495,000 Inc. 4,886,000
235,778,600
269.198,600
represented
in our detailed list on the pages which follow:
Legal tenders
67.839.600 Inc.
162,900
69,299,500
78,262,700
*
.
'•
1
1
Reserve bold
307.334.600 Inc.
297,266.650 Inc.
25% of deposits
Surplus
5,048,900
1.880,550
305,078,100
294,932,825
347.461,300
330,537,975
STOCKS.
Week ending Dec.
Sales
30.
Range for Week.
10,067,950 Inc.
reserve
Surplus, excl. U. S. dep
10.509,900 Inc.
Note.—The Clearing House
condition of the banks
on
3,168,350
3,187.750
now Issues a statement
Saturday morning
10.145.275
10,584,875
16.923.325
19,239,700
weekly showing the actual
well as the above averages. These
figures, together with the returns of separate banks, also the summary Issued
by the
State Banking Department, giving the condition of State banks and
trust com¬
panies not reporting to the Clearing House, appear on the second page
preceding.
as
Foreign Exchange.—Rates scarcely moved during the
week until yesterday, when demand and cable
broke 30 points and then recovered to the
transfers
previous day’s
level, 4 85@4 8510 for demand and 4 8545@4 8550 for cable
transfers.
Batopllas
Mining
200
Lowest.
82
Buff Rochester & Pitts..
Col & Hock C & I trust
100 104
rects, 1st paid
Comstock Tunnel
Cuban-American Sugar.
Detroit Edison
General Chemical
Keokuk & Des M, pref._
Manhattan Beach
North Ohio TT & Lt
St Jos & Gr Isl, 2d pref.
100
200
Outside
Range since Jan. 1.
for
Week.
Highest.
|
Dec 27 S2
Dec 28104
Lowest,
Dec 27
Dec 28
82
95
1
50
100
100
150
100
420
200
9?* Dec 30
18c.
36
107
100
37
Dec
Dec
Dec
Dec
Dec
Market.—The
Dec 30
Dec 29
a
18c.
36
106
93
37
Dec
Dec
Dec
Dec
30
30
29
29
2?* Dec 27
39?* Dec 27
40
Dec 29
“curb”
tremely dull this week, with
Highest.
1
'9?*
9?* Dec 30
25c. Dec 30
29
30 36
30 107
29100
29 37
2% Dec 27
39
40
j
Sept 83?* Jan
Nov
May 107
j
market
2?*
35
38
Dec
9?*
Dec 36c.
Dec 39
Dec 107
June 110
Dec 42
Nov * 3 %
Feb 40?*
Feb 40
continued
Dec
Jan
July
Dec
Jan
Oct
Mch
Dec
Feb
ex¬
firmer tendency to prices
To-day’s (Friday’s) nominal rates for sterling exchange manifested as the week closes. Copper issues were promi¬
nent in this respect.
British Columbia eased off from 724 to
were 4 83 for sixty day and 4
85^ for sight. To-day’s ac¬ 7 and advanced
to 734Chino went down from 2134 to 20%
tual rates for sterling exchange were 4 8190@4 82 for
sixty and up to 21%, the close
to-day being at 2134- First Na¬
days, 4 8490@4 8510 for cheques and 4 8534@4 8534 for
cables.
Greene Cananea sold up
Commercial on banks 4 8134@4 81 % and docu¬ tional improved from 134 to 234from 6 11-16 to 7.
Inspiration
fell
from 8 13-16 to 8 7-16
ments for payment 4 8134 @4 81 %.
Cotton for payment and recovered to 8
11-16.
Miami dropped from 1934 to 1934
4 80M@4 81 and grain for
payment 4 81 *4@4 81%. *
and sold up to-day to 1924Ray Central improved from
To-day’s (Friday’s) actual rates for Paris bankers’ francs 2
to 2 3-16 and ends the week at
were 5 2234 less 1-16
234- Ray Consolidated
@5 2234 for long and 5 20% less 1-32@ fluctuated
between 18 and 1834 during the week, to-day’s
5 20% for short.
Germany bankers’ marks were 94 %@ business
being done from 1824 to 1824- Kerr Lake fell from
94 7-16 for long and 94%@94 15-16 less 1-32 for
short. 6
24 to 6 11-16 and sold to-day at 6 13-16. La Rose Consoli¬
Amsterdam bankers’ guilders were 40 3-16
plus l-32@ dated weakened from 4 9-16 to
40 3-16 plus 1-16 for short.
434- Nipissing ranged be¬
1024 and 11, with transactions to-day at 10 11-16,
Exchange at Paris on London, 25f. 26 %c.; week’s range, tween
ex-dividend.
The miscellaneous list has been quiet.
25f. 28c. high and 25f. 25 %c. low.
Ameri¬
can Tobacco lost 3 points to 412.
Intercontinental Rubber
Exchange at Berlin on London, 20m. 44pf.; week’s range, was
fairly active and after fluctuating between 3234 and 3334
20m. 44%pf. high and 20m. 42%pf- low.
jumped up to 3424 on Thursday, reacting to 3334 to-day.
The range of foreign exchange for the week follows:
Standard Oil sold up from 616 to 61924 and finished
Sterling, Actual—
Sixty Days.
to-day
Cheques.
Cables.
at 619.
The preferred stock of the Sulzberger & Sons
.4 82?*
High for the week
4 8540
4 8585
Co.,
Low for the week
.4 82
4 8480
4 8520
which appeared in the trading for the first time at the close
Paris Bankers' Francs—
of last week, moved up from 10034 to
.5 22?*
High for the week
5 20 less 1-16
5 19?* less 1-16
10034 and down to
Low for the week
-5 23Vs
5 20 % less 1-16
5 20 less 3-32
10024* In bonds American Smelters’ Securities 6s, “w.i.,”
Germany Bankers' Marks—
eased off from 101 to 10031$, but sold back to 101.
94 7-16
95 less 1-32
HJgJi for the week
Southern
95 %
Low for the week
94 5-16
Bell Telep. 5s advanced from 9624 to
95
94% less 1-32
9634
and
weakened
to
Amsterdam Bankers’ Guilders—9624- Western Pacific 5s rose from 9234 to 92%.
40 06
High for the week
40 25
40 30
Low for the week
40
40 20
Outside quotations will be found on page 1760.
40 25
...
..
.
.
.
.
Exchange—Stock Record, Daily, Weekly and Yearly
New York Stock
Friday
Thursday
Dec. 29
Wednesday
Dec. 28
Tuesday
Dec. 27
Monday
Dec. 26
Saturday
Dec. 24
Dec. 30
On basis of 100-share lots
NEW YORK STOCK
EXCHANGE
UaiLoads
100%
10212
114%
10412
*89
9H4
7412 74%
19314 193%
*6412 7014
*
795s
80
79%
*27
*27
30
661 *>
.
*21%
21
*44
121
2212
*
21«4
443g
45
*180
*135
*160
*234
*512
3I4
612
*65
6912
*98% 100
*214
*5l4
57
*72
*70
163
♦490
512
12
*20
27
27h
*4512
46
*34
122
36
2812
12214
66I4
1434
*122
94l2
135
*130% 135
19U 19l2
31
*73
31*4
*6434
*14
*37
*1112
*24
*128
146
63
*73
77%
32%
66
20
42
*65
*14
*39
1787«
32%
25*4
*128
*145
*8934
31%
*62%
45
*136
*66
143
72
34
3378
99%
115
*98
*90
*98
12778
*96
♦105
148
*99% 100
115
*98
105
*90
110
*98
105
128% 128
98% *96
*105
112
*92
29
*59
62
38
*25
*60%
91
93
10
*7%
§23
52%
29%
287g
*4%
12
*6
*54%
31*4
102
May 6
124
JTy 26
Banks
Ask
bid
68
110
93
41
41
Do
300
66%
pref...
175
590
180
000
Vmer Exch. t239%
kudubou
116
Battery Pk. 130
376
Bowery I]
Bronx BoroV 300
Bronx Nat. 195
pryant Pk f 166
putch & Dr 138
170
Century
Phase
^
430
w
•vvt
125
Nash
Chatt
& St1st
Louis,
at Rys
pref
of Mex
143
71
Do 2d pref
1,600
3,900 N Y Central & Hudson
N Y Chic & St Louis
34% 34%
111% 11134
*63
*104
*88
151
*145
*41
68
Do 1st pref
Do 2d pref
110
100% 100%
*80
90
105
110
105
*98
*90
*98
*98
*90
*98
12S38
128% 128%
105
110
105
99
*96
*105
112
29%
59%
1493g 150%
♦87*4 91
93
9378
29
29%
*58% 61
65
*60
Do 2d
99
112
Do
100
66
*2434
*9%
26
20
20
*25
10%
*9%
*7%
10%
23
23%
6278
26
8%
*733
92
29
29%
*107
*4%
*10
*4
*64%
110
169% 170*8
92
*75
5%
52*4
93
31
60
92
30
59
303s
69%
15%
83%
49*4
8
60
15%
33%
51%
*15%
16%
34
34
601 j>
77
•6
14
7
67
*75
49%
77%
0
*4%
13*4
*4%
13*4
6%
66
56
Do adjustment
6,060 Northern Pacific
20
prel
pref
...
450
St LDo& San
Ft. 1st pref.
2d pref
St Louis Southwestern
Do
300
pref
19,275 Southern Pacific Co
2.900 Southern v tr cfs stmpd.
Do pref
do
1,120
100
r|''exas & Pacific
300 JLhtrd Avenue (N Y)
103s
Toledo Railways & Light
8%
*23
23*4 ""'640 Toledo St L & Western.
Do pref
1,000
£52% 52%
Twin City Rapid Transit
*10778 108%
170*4 171% 133,400 I fnion Pacific......
Do pref
1.550 U
92% 93
1,600 Unit Rys Inv’t of San Fr
31% 31%
Do pref..........
1.800
597g 60%
100 VX/Abash
*16
16%
Do pref......
910
34
35
49
50% 14.060 West Maryland Ry..
Do pref
650
*75
77*8
0
Wheeling & Lake Erie
*4%
13
7
57
Chemical
Citizens’ Cti
City
& Iron
Colonial 1|__
_
_
_
145
1571;
150
380
153
400
387%1
158
405
_
fidelity 1|__
45 >
Fifth A veil.
Ukowvw*
200
420
Columbia 1).
Commerce
tl93%
Corn Ex 1|__ 308
East River.
115
175
HW4V
165
4000
lUClUU
312
125
175
4250
UU
Fifth
First
14th
.....
......
StU...
Fourth
Gallatin
Garfield
Germ-Am V
Germ’n Exl)
Germania 11.
Gotham
...
__
Greenwich V
Hanover...
Imp & Trad
VUIJ .UCIJT 4
f Sale at Stock Exchange or at auction this week
Banks
Ask
bid
Banks
Chatham
t331
Chelsea Exl! 190
n
bid
Ask
Banks
350
Irvlug N Ex
JetfersonU..
200
155
Liberty....
575“
Lincoln....
325
196
335
290
140
300
150
400
325
250
Manhattan!!
Mark’t&Ful
Mcch&Met’s
Mercantile
Merch Exch
485
t ua'u^uva,
245
150
.
565
620
565
X UwOO
2634
54% Jan
3
48
191*
48
Nov 28
Feb
162% Aug
25% Deo
63% Deo
36
Apr
62
Apr
Mch
Nov
Sep
* °b
60%
75%
29%
64%
Feb
Feb
Jan
Jan
71%
162%
153%
Jan
Deo
Sep
132%
Mch
Jan
Apr
Sep 20
J’ly20
JTy _6
jan
Jan
Jan
147
89
35%
71
_
687s Nov 3
10934 Jan 21
JTy 26
100
84% Jan
118
Jan 3
138% M*Tl 9
89
110
j’ly 2«
Oct 25
130% JTy 26
z85
Aug 24
87
JTy 26
2278 j’ly 26
54 J’ly 27
58 Aug 11
34% Aug
18% JTy 26
61% JTy 26
103% J’ly 26
18
JTy 26
43
J’ly 26
22% JTy 26
104% Mch 22
172% Feb
93% Feb
H0%Jan
57% Jan
9212 Apr
18
17
Jan
Jan
6
S4%Jan
77% Jan
zl38% Jan
3334 Jan
3
3
9
5
3
3
4
3
104
118
89
90
67% Feb
65% Mch
Feb
20% Feb
47% Jan
114% Feb
36
22
60
3034 Jan
19% Jan
1534 Jan 12
543s jan
72% Jan
117% Jan
20434 jan
10334 j an
42% Jan
30
j an
.
12% j’ly 26
28% j’ly 26
40
J’ly 26
67
Aug 15
3
Apr 28
61
Jan
Feb
Jan
Feb
65
90
Sep
Aug
Aug
Aug
j no
Deo
Aug
Jan
Jan
Jan
149% Jan
164% Aug
94
Deo
50%
78%
77%
Oct
Oot
Aug
142
64
Deo
Deo
26% May
14734 Aug
Nov
Feb
Nov
174*4 J’no
h 149*4 Dec
55% J ’no
Deo
102
92% J iy
159% Aug
116io Deo
§106 “ Sep
69
100
95
Deo
151% Sep
115
99% Deo
116% Sep
1733S Sep
96
Aug
117% Deo
Deo
9434 Deo
74 Deo
6034 Sep
3533 Deo
81
82
Dec
139% Aug
34
Aug
172% Feb
75% DetT
40% Aug
42% Jan
153S Jan ,
54% Oct
74% Jan
116% Dec
219
Aug
xU4
118% Aug
12% Dec
7
May
Feb
6434 Feb
43
97
Mrh
47
50% Feb
77
”
15
41
_
Jan
Feb
30
723sjan
2734 Jan
J'ne30
Feb
Feb
Mch
Feb
20% Feb
3
76
JTy 26
4234 J’ly 28
103
j’ly 26
152% J’ly 26
88% JTy 26
2334 J UO30
Mch
88
126% Feb
86% Jan
1
19
47
85% Mon
133% Feb
76
Mch
100
Mch
Mch
73
60
Feb
76% Apr
Mch 14 1154 •Nov
hl47U
Dec
Mch 11
Jan 5
42% Feb
Feb 14
122% JTy 26
116
Feb
Jan 19
105
2
Feb
65
Feb
122% Jan
44% Apr
Dec
21
120% Feb
48% Mch
73% May23
140 Nov 3
723g Nov 3
37% Nov 14
128
Mch 9
Deo
Deo
82
155%
9234
5H8
7458
Feb
heb
Seu
Sep
27% Deo
6134 J’no
64%Mch 12
77
Deo 27
10
23
jan
Jan
8
J’ne30
4
44
J’ne 30
13% Jan
JTy *>8
64
6
J ly
15% JTy
6% J'ly
35% Jao
3
3
NOV 2
127s Jan
257* Jan
15% Jan
617, Apr
QUOTATIONS.
Banks
Ask
210
Mutual
180
Nassau H
New Neth’d
NewYorkOo
New York.
N’ht &>DayD
19th Ward.
-
r
425
330
200
250
J
157% Paciflcll---PhenJx
PlazaU
OUtUVO*
677.
103
100
Peb
J’ne
People’s U..
1W
37
Feb
Mch
181
n Sold at private
74%
56*4 Aug
46
Aug
167% Aug
88% Aug
21
Deo
M
205
860
VUCbU
First Installment paid
Feb
51
410
250
Nov
4
179
200
11%
iiw8
36*4
3
5334 Jan
Feb
71% Aug
21
Jan
36i2 Jan
39
J’ne
90
Jan
Feb 24
Mch 3
Metropolis 1} 390
Metro pot ’nil
Mt Morris^.
137
May
84% Jan
200
May
680
Apr
54
Apr
80
145
Park
Merchants'.
205
83%
Jan
86
Sep 21
JTy 26
107%
160
39
4
111% Aug
100
Oct 13
Do 1st pref
Do 2d pref
100 Wisconsin Central,..
300
840
150
194
3
4
Deo
Mch
68%
22% Mch
36% Mch
28% Mch
136% Feb
65% Mch
13% Nov
108-% Mch 21
91% Mch 16
145% Jan 3
11834 Jan 21
400
Bid
550
150
25$
610
550
J’ne30
5uJ’no
5% JTy
10*8
*7*4
13
*0
*55
J ly 20
Feb
88
...
14%
28
69
70% Apr 14
15934 Jan 5 £121
146 Oct 6
137
|y
8314
105
Jan
Jan
66
Jan
Dec
Dec 7 186
J
Jaa
Jan
Oct
79%
Feb 18
44% Jan 3
71 Jan 4
2534 J an 5
6234 Jan 3
Feb
88%
pref
....
38%
*25%
80
23% JTy 26
105% JTy 26
65% May 4
§101 J’ly 8
.......
*62
Aug
JTy 20
Aug
J ly 26
JTy 26
60
1
65
11478 116%
27
57
41
125
Reading
•
30
JTy 26
X80%
15034 15178 248.700
...
1st pref...
*8734 91
2d pref
94
1,400
94%
flock
Island
Company
7,500
29% 30
Do pref....
800
60
60
38%
26
62
*25
*60
123
23
40
114
144
...
5.881 Pennsylvania
Pittsb Cln Ohio 5b St L..
26%
61%
60%
38%
131%
Pacific
Co.
Do Coast
1st pref..
61%
3734
60
5.000 Norfolk & Western
105
110
105
128% 129
*96
*105
J’neao
JTy 26
Aug
Apr
Mch
Dec
Deo
Sep
198% Aug
Men §230 Aug
37%
Oct 4
Jan 6
25% Jan 11
G27g Jan 12
JTy 26
JTy 26
1S1
Jan
167*i Feb
535
Feb
140
147
J'ne„0
15
87%
173%
Jan
NOV
Sep
Deo
76% Jan
lSlg Mch 22
971. Apr 14
98
823, Apr 28
149
Apr 28 162
750 N Y N H & Hartford
Subscription receipts y._ hiYi J'neio ftl51
100
50
38% AU2
100 N Y Ontario & Western.
93
151
148
42
61
Coal
205
160
68
.....
LakeDoErie
& Western
pref...........
20
45
116% 116*4
__
(ketna
km erica V__
15
25
68
23
XYansaa City Southern
BANKS AND TRUST COMPANIES—BROKERS’
New York
14%
41%
.
80% Jan
70%
323%
91%
74«4
78%
373g
6434
165%
731,
Mch 8
14378 Jan
Mch
Peb
68
100
51
6234 Mch 8
99
Apr
8278 j’ne
18938 Oct
167
Apr
Aug
166% Jan §180 J’iy
7
Jan
3% Dec
18% Jan
734 Dec
_,
42
Feb
158%
173%
J’ne
Aug
J'ly
96
Dec
141
208
148
68 Deo 19
1834jan 3
3458Jan 4
34% Jan 5
J’ly 26
Jiy
Aug 10
88% Jan 20
93% Nov 17
Illinois
Central poll tan
nterboro-Metro
5.160
33
52
84
118
45
H
.......
....
58%
Men
Jan
Jan 3
Mch 21
Jan 3
Jan 3
185
020
149% J’ly 26
JTy 26
23% JTy 26
62% j If 26
45 J’ly 11
10
J iy
17
J’ly 26
10% J ly 26
35
J ly .7
26% J’ly 27
Do pref..
.......
Iowa Central
Do pref
900
TT C Ft S & M tr cfs, pref
18
70
Aug
143%
122%
31% Dec
_
0534 Feb 25
83
81
Hocking Valley..........
300
6.900
9,750
5378
Sep 14
J Ty .6
J’ly .7
I063j
Nov
70
92% Mch 18
104 Jan 15
490
Havana
Electric....
Do pref..........
60
93
12
8
57
*136
*66
145
*63
*104
*88
151
23%
62%
77
Lack & West.
Bay & Vv, deb ctfB
Green
11534 116%
11378 11434
2534 257#
8%
16%
33*s
51%
33
50
75
aware
2.600 LT'rie
Do 1st pref
...
750 X-i
Do 2d pref
2.215 Great Northern pref.....
Iron Ore properties...
420
11584
26
60%
*15%
fYelaw&re & Hudson...
JL^e
99
46
70
"l25% Oct
Jan
Jan
Jan
Feb
Nov
55% Jan
677* Feo
12% Jan
478 Sep 28
Nov 1
Do pref..........
Detroit United
25 Duluth So Shore & Atlan
Do pref
.....
19%
Jan
Jan
Jan
Mch
25
Jan
Mch
60% Jan
215
Feb
64% Jan 10
15838 Jan
172% Jan
182% Jan
225 Jan
162% Feb 23
61
865
35%
91
67
z165
J'ne27
203
Apr 28
Chic St P Minn & Omaha 140
§160 Apr 25 §170% Feb 18
Do pref...
5% Jan
Chic Un Trac ctfs stmpd
2% Dec 23
1,000 Denver & Rio Grande...
38%
26%
£60
60%
115% 116%
26% 26%
61*4 02%
*25
60
*14
*37
9934 100-%
93
3734
*56
.
20
45
151%
147% 147%
23% 23%
62% 52%
*106
109
*10778 109
168% 16978 1677* 169%
*91
31%
77%
333s *32*4
66% *64%
34% 35
110% 111%
99
69
*60
10
31
♦73
*135
*60
1477s 149%
*8734 91
29%
1137s 115
25% 26%
60% 61
*2434 26
19%
53%
*17%
31%
18
*37
112
*92
61
62
38
26
62
12
22
27*4
46%
197g
54%
66
11034
9934
14978
*10%
*20%
27%
*45%
*34%
19%
53%
*17%
*16
*63
*104
*87
151
*146
115%
*87%
135
131
32%
34%
41
151%
148%
70
8
8678 Jan
JTy .6
11384 J’ne30
143
Sep 2
137% J’ly -6
180% 181 £175% 176% 52.450 Lehigh Valley.
inn Long Island............
66
64*4 64*4 *62
2.500 Loulsvlllo & Nashville.^.
143% 144% 144% 144*4
1,010 1/Ianhattan Elevated...
138% 138% *138 141
550 lULinneapolis & St Louis
26
25*4 25*4
2578 *24
Do pref...
53
*35
53
*35
54
300 Minn St P & S S Marie...
130
131
130
130*4 130*4
Do pref.
100
*145
148
14734 *146 14734
Do leased line ctfs....
200
90%
893.4 S934 *89*4 90%
2.600 Mo Kansas & Texas
3134 32
31% 32
8134
Do pref__,
100
*62% 70
63
*62% 68
46
1,550 Missouri Pacific
4678 §4634 4634
45%
68
110
93
151
148
*40% 41
68
110
93
*123
131
143
71
10934 no% *110
*03
*104
*88
151
*145
*40
*67
5
G634 Jan
69
Apr
40
1803s
*62% 68
142% 143
138
138%
*
46%
♦45*4
*136
*66
34
570
2834
67%
pref.
....
Chicago & North Western
Do pref...
1,320
165%
28%
*66%
Do
Jan
Jan
20238 Nov
8
J’ly
19
97%
100%
107%
103%
3
Jan 10
7
82% May2l
7
237g JTy .6
6478 J'nei7
pref
76
76
Jan
92
65
Do pref ctfs stmpd....
200
270 Cleve Uin Chic & St L-..
Do
200 Colorado & Southern....
Do let preferred
100
Do 2d preferred...
*89
*....
94%
134
~
*123
*131
133
94%
*93%
66
20
45
7
12384
57%
1434 *13% 15
*13%
19%
4
*5
123
*56
123
67
12234
135
18
31
63
*34
1434
*17%
*30%
90%
32%
27%
4534
35%
27%
45%
94%
19
53
67
*8934
81%
22
57
18%
32%
77%
32%
27
54
131
146
69
*10% ’l2
13H4 13114
143% 143%
139
139%
*
28%
*66
2714
45%
35%
122%
600
555
94
10
Aug 2
9.650 Chicago Mllw & St Paul..
210
145
175
*75
*70
165
*500
74
76
165
594
*20
46
Jan
70
312
Do pref
...
940 Chic Gt VVesi trust ctfs..
Do pref trust ctfs ....
210
2178
124%
104%
137%
119%
60% j’ly 21)
248 J’ly 26
7,700 Chesapeake & Ohio
Chicago & Alton RR....
30
§65% 65%
*97% 100
*56% 57
6684
28%
J69
28i2
Central of New Jersey
81%
*2%
Transit.
(Canadian
Fa cl ho
'anada Southern
66%
*180
*135
*160
210
145
175
4
6
65
100
*89
*93
*93
*123
178% 179%
*62
164
*500
57
57
63
♦17%
74
*70
70
70
12
22
2714
45%
*3312
*89
*123
*98%
5634
57
75
75
165
575
*66
*65
*10
*20
2H2
*
6
65
*98% 100
*16212
*67
56l4
*13*2
*65
*490
2812
67
70l2
2812
6634
*234
312
6%
69l2
*56
*72
*70
57
75
75
163
575
*180
*135
*160
210
145
175
*180
*135
♦160
210
140
175
5.500 Brooklyn Rapid
3,515
124%
146% 146%
14134 14134
12214 122
12H2 12234
14512 145% ♦1451s 14534 *145*% 147
142%
*14112 14212 14134 14134 142
87% Sep
68% Feb
176 s Feb
.....
280
*45
123
Baltimore
& Ohio-.
Do pref
90
195%
70%
218s
2134
44%
123%
1,030
7578
*
66%
Santa Fe
Do pref
.
2,000 Atlantic Coast Line RR..
91
72% Mch 8
48% Feb 25
6034 j’ly 26
£97
J’ly l
102% J’ly 26
100% Sep 6
970
117
105%
*27
30
__
12,450 Atch Topeka &
100%
80*4
8034
7934
10134
*260
280
*27
66%
213g
*
*44
*260
280
80
30
*260
280
*260
100% 101% 101%
10234 103 a:100%
115
116% 1165s
105% 105% 105
*89
91% *89
75%
75% 75%
194% 195% 195%
*62
70
*64%
997g
10212
11412
1041g
9978 100%
1 0234
115%
10412
9114
7514
19314
*6412 7214
102%
*11334
104l8
591
7414
19314
Mch
20
Mch
36
Feb 26
25
Arbor
Do pref_
nn
Highest
Lowest
Highest
Lowest
35
70
*25
*65
35
70
*25
*65
30
70
*25
*65
35
75
*25
*65
Range for Previous
Year (1909)
Range Since January 1.
STOCKS
Sales of
the
Week
Shares.
SALE PRICES.
STOCKS—HIGHEST AND LOWEST
PAGES
TWO
OCCUPYING
UU u
.
....
-
Uf UA."U1
sale at this price.
bid
Ask
285
240
210
900
315
295
220"
225
250
260
230
240
350
245
_
[dead anc
e
2d
V
..
....
325
230
200
625
Banks
Prod Exch
Reserve
Seaboard
Second
paid
Gherman...
State V
12th Ward.
....
23d Ward..
Union Exc.
Wash H’ts H
West Side 1]
Yorkvllle V.
0 No
id paid.
,ts.
bid
Ask
160
167%
112%
400
400
135
275
425
■ta
140
140
172%
275
650
500
stock.
--r-w
182%
1752
New York Stock
STOCKS—HIGHEST
Saturday
Monday
Dec. 24
AND LOWEST SALE PRICES.
Tuesday
saay
Dec. 20
Wednesday
Dec
240
81*
61*4
46i4
*220
*29
*29
62*8
4 512
*90
Dec
*220
8
30
60*4
4512
43*4
*93
76
491*
115
*57*2
*110
69
115
69
*220
*4
*21
240
4
23
32
12
32
86
59*2
10412
}104
240
4*8
2212
*17*2
94*4
8*4
76l4
49l8
8H
7612
49*4
*110
43
*93
87g
4*8
22*2
1812 *1712
1212 *11
*11
32
32
*3
4
3*8
300
101
42
114
113
59l2
*260
*100
*42
*4
31
*90
3814
*27*4
*56l2
♦134
135
*834 10
*2734 30
3Hg 315*
*10212 104
“
812
10912
*12
20
*45I2
*45*2 55
15212 154
8*8
8*2
4I2
15*2
*12*2
13
5612
5512
39^4
85
*8312
105*4
105*2
95
*89
86
53
*80
124
*16
*80
86
64
108
52s*
•
30
*30
*93
94*2
*3*4
31
3*«
5
31
*917,
92*2
31*4
92
30
92
30*4
*91*4
30
93
185
93
159
67
55
122
5
16*2
127*
66
40*4
85
106*4
93
75*4
118*2
17*2
86
30*2
*92*4
159
*30
91*8
*30
*67*4
30
159
3*8
32
91*8
*91*2
30*2
92*2
81
92*4 92*4
*180
*180
181*2 181*2
*48*4 49*2 *49*8 493s
49*4 49*2
*__-- 112*2 *
112*2
112*2
34
34*8 34*8
34
34
34*2
135
136
(134 135
135
135*4
*88
92
*88
*88
91*2
91*2
*8
9
*8
9
8*4
8*4
*54
69
180
*49
*
*68
70
7
17
*4*i
*14
*68
33*8 34*2
109*8 109*4
*69
73
71*8 72*4
116*2 116*4
44*2 45
61*2 61*2
125
(150
150
73
*68
7
17
35
*4*2
*14
34*4
109*2 110*4
74
*120
71
*4*r
♦14
70*8 71*8
116*4 116*2
44
442
61
61*2
124*8 124*8
7
17
35*2
37*2
llOTg
73*4
74
110
73
99
80
71
72*8
116*4 116*8
*44*4 45
61*4 6IS4
adfic
Mail.........
Telep & Teieg..
People’s G L & C (Chic).
Philadelphia Co (Plttsb'h)
Pittsburgh Coal Co...
Do
30*2
92*?
I8H4
Mining
pref.......
Railway Steel
...
Spring..
Kepubllo Iron "&~SteeI ”1
Do
pref
Sears,
<fc Co& Ir
RoebuckSteel
loss-Sheffield
Do
1,200
prel
dTennesseeCopper Par$2 5
534 Texas Co (The)
Texas Pacific Land Trust
300
Do prel
125 United Dry Goods
Cos..
200
Do pref
115 U S Cast I Pipe & Foundr
545
Do pref.......
9H?
8*4
Union Bag 5b Paper....
...
United States Express..
U S Realty & Improvem't
7
17
38
U S Reduction &
Refining
Do pref.....
$.600 United States Rubber...
2.814
Do 1st prel..........
.....
110*2 111
73
300
Do 2d pref..........
72*8 73*8 264,778 United States
Steel
116*4 116*8
6.980
Do pref...........
4412 45
2.610 dUtah Copper
Par $10
...
(62*4
62*4
♦124
126
*122
126
(155
155
73
♦150
165
2,000 Vlrglnia-Caroiina Chem_.
100
Do pref..
.....
72*2
65*2
*110
(150
151
♦72
66*2
65*a
124
*120
*
73
73*2
65*2 *65*2
124
*120
66*2
123
72*g
*65*2
*120
BANKS AND TRUST
Banks
Bid
At ft
Banks
385
400
100
155
305
126
115
Nat City,..
North Side f
Brooklyn
Broadway !j
Brooklyn !j.
Boney.Isi’dlf
I
First
HUlsideH...
Homestead!;
Manufac’rs'
Mechanics 1
Montauk
Nassau
i
1
290
«...
—
—
415
230
._
....
245"
245"
Bid
Ask
285
300
180
Brooklyn
People’s
...
Prosp’ctPk!)
Terminal \
153
158
150
—
150
As tor
Bankers’ Tr
.....
310
620
123
1,650
1,200
V irelnta Iron Coal 5b Coke
VV ells Fargo
* *
90
315
630
5b Co
estern Union
Teieg..
Westingh’seEl&Mfg
assen
Do 1st
ore!.....
-
..
..
.
Bid
Ask
800
810
180
165
295
175
305
252*2
127*2
267*2
195
205
400
740
600
290
:Jflr »nd «ked
375
Mutual
Mut ALinoe
....
700
•
-
-
•
130
125
130
prices; no sales on this day. 4 Less than 100 shares.
*Bx-ri
ISale at Stock Exchange or at auction this
week,
s JBx- stook
59
60U
J ’ne
6
95*2 Jan
NOV23
103
84
13
43*4
46*4
116*8
106*2
27*4
J’ly 26
J’ly 6
J’ly 26
60*4 J’ly 26
J’ly *6
85
3$
90
165
2
J’ly 27
J’ne 29
Sep 26
200
J
ne
107
4
Oct
Feb
134
83
6
J’ly
7
8
6
62*8 Dec 9
96
Aug 2
99*4 Aug 2
14*8 J’ly 21
J’ne 28
49
(93*2 Deo 14
64*4 J ’ly ^6
J’ne 27
J'ly 8
4
13
J’ly -6
J’ly 26
69 2 J’ly 27
61*8 J’ly 26
110*2 j’ly 26
1139*8 J’ne 30
Feb
117
3
28
J’ly
Sep 24
144*2 Deo 1
6b J'ly 26
49*2 J’ly 26
4
jan 3
Jan 10
jan
Jan
3
3
3
6
1253s Jan
$60i4 Jan
66*8 Oot 21
4
8
4
7812 Mch 4
82i2Jan 3
130 Feb 24
Jan
Jan
30i4 Deo
99*2 Sep
94
Aug
113*4 Aug
97
Jan
*4" Nov
871| J’no
48*2 NOV
Oct
64
120
103
Aug
DOO
82i2 Moh
977g Fob
16*8 Fob
67** Feb
29*8 Nov
87U Deo
$6 Aug
111*4 AUg
200
AUg
9** J’ly
10
May
641* Aug
109
Aug
49*2 Sep
110*4 J’ly
68 ""Feb"
"94^’6’cV
Feb
40
30l2 Feb
Fob
Jan
1*8 Jan
3
Mch
96
169
”
107*8 Feb
$3312 Oct
120
$49
Sep
Jan
"5&Y Feb’ ”93/g'j’ly’
9*4 Feb
Jan
Oct
66
116
xl09
Sep
243s Feb
10
24
27
98
91
95i2 Nov
775. Deo
120
Sep
130
Sep
29*8 Fob
Jan 14
-9i2 Jan 8
62*2 Jan 3
110*2 Jan 10
84
Fob
113*8 Deo
Jan
45*4 Nov
101i2 Jan
99*2 Dec
10
Apr
10
4
jan
8414 Jan
73
al95
May 3
72
70
82
64
12ui4 Jan
60
110
32
84
145
11
27
99
47
1137s Jan
Jan
Oot
27*8
19*4 Jan
69*4 Aug
64*2 Nov
91
Sep
"so” Feb"
3
Oct 18
95
May 13
13*4 Jan 10
73 Jan 17
122
jan 3
Jan
Jan
71*4 Fob
102*4 Apr
Jan 17
144
Jan
69i2
96*2
11812
12*g
P«0
128
9
’
8
6
82*4 J’ly 26
8
J’ne$o 19Q NOV 12
48*4 Deo 8
bbi2Jan 3
114 J’ly 6 118*4 Feb 1
$19*4 J’ly 24 $40*8 Jan 3
150
70
82
3
3
5
Jan 11
4578 jan
10414 Jan
93*2 J’no
Deo
4li2 Jan
9512 May
94
Aug
172*4 AUg
18? J’ly
378 Apr 6
578 May21
ftlTg Jan 3
272 Aug 2
J’ly 26
*90*4 Sep 7
26'* J’no
63
91* Mch
47*4 Mch
33*2 Feb
82i2 Jan
104
J’ne
4
4
3
Jan
Jan
Jan
Jan
Jan
91*2 Deo
166*4 Jan
109*4 J»n
5*s J 1/
517s jan
107*2 Jan
28
27
jan
Nov
37
5134 Oct
111
Sep
53
Deo
'“tti”jan" 'I IS*/Deo
3
3
jan
84
22'8 J’ly 26
30 J’ly 26
dividend.
irust Co's
Savoy......
Mch
114
Deo
35*2 J’no
87*2 Aug
Deo
Feb
Oot
$39*8 Feb
40?g Feb
114
67
300
64
74
110
16*8 J no
8H4 J’na
126*2 Deo
Feb (111
Feb
87
Mch
17*2
Feb
39*2
Feb
67*g
Jan
123i2
67*2 Feb
41*4 Feb
107
Sep
J'ne
Aug
Aug
Aug
89*2 Aug
94 7g Oot
131
$67*4 Nov
66*8 Doo
Jan
128
Feb
757|
Jan 5670
Feb
85*4
Feb
90
Mcb
Ask
1130
620
145
t rust
Co’s
Bid
Brooklyn
Brooklyn Tr 420
90
4(H)
100
410
Citizens'
600
320
Union Tr... 1275
US Mtg& Tr 475
Unit States. 1160
510
Franklin
Hamilton
of Am
vVashlngtou
Westchester
Windsor
rbts. 6 New stock c Ex-dlv
H Banks marked with a
..
(j|)
330
1300
485
1190
376
150
120
and rights,
paragraph
|
Bid
NY Llfe&Ti 1120
N Y Trust.
610
132*2 Tr Co
...
....
Feb
Sep
Sep
16412 Deo
19*2 Deo
69*2
Dee
Sop
Doo
Nov
Aug
Sep
COMPANIES—BANKERS' QUOTATIONS.
irust Co's
Bid
ill
irust Co’s
N Y City
Guar*ty Tr_
B’way Tr_. 145
148
Guardian Tr
Carnegie
110
Hudson
Central fr_. 1015
1025
Columbia
280
285
Commercial 120
130
Lincoln Tr.
Empire
300
310
M&dison
Equit’ble Tr
465
Manhattan
Farm Lo&T 1615
1625
Mercantile
Fidelity
218*2 217*2 Metro pol’t'n
Fulton
...
160
Trust Co's
N Y City
270
140
73*2
66*2
Mch
Feb
55
......
new
36»i
32*2 Feb
...
National
40*2 Aug
73*4 Feb
«6
Jan
80
Nov
Sep
107*4 J’ne
$543s Deo
161* Feb
160*8
May
145*8 Sep
104
May
177s Doc
237s Jan
26*2 Mch
99*4 Apr
29
Feb
21*8 Feb
U4i2 Feb
s
4
3
6
3
Nov 22
Jan 10
Mch 8
Jan 8
NOV
Apr
131
Jan
118
....
650
200
900
200
425
400
135
73
60
87
134
Nov
Feb
Feb
Feb
93*4 Jan
$37*4 Feb
18*4 Men
47
Feb
“
Quicksilver
6
32
92
70*2
you
26
Jan 19
Jan 3
Jan 3
Jan 4
Oct 27
88
J’ly 26 1607s Jan 6
$7*4 Oct 14
$9*4 Sep 26
*83*8 Eeb 8 1267s Jan 10
Do prel stk tr ctfs
300
*117
Augll
129
Jan 4
400 Int Mer Marine stk tr ctfs
4*4 J ly 26
7*2 Jan 6
Do prel.......
100
12^8 J ly 26
24*8 Jan 6
100 International Paper
9
J y 1
16 Jan 8
Do prel.........
300
41*2 J’ly 26
61*2 Jan 3
800 Internat Steam Pump...
J
26
36*8
ly
54*s Jan 7
Do prel
100
78*2 J IT 26
90*4 Jan 17
2,600 Laclede Gas (St L) com..
93*4
J’ly
29 116*2 Jan 10
Mackay Companies
79 J’ly 26
98 Oot 10
‘”I6o Do prel
71
J’ly 27
78*4 Oct 10
980
100
Aug
o
Biscuit
119*2 Dec 17
335
Do pret
118*4
J’ly
6
126
Jan 17
Nat Enamel'g & Stamp’g
14
Sep 17
28*2 Jan 3
Do prel
84
Oct
17
96i2Jan
18
1.110 National Lead
46*2 J;iy 26
89*s Jan 8
Do pref
101*4 j ly 26 llOG Jan 17
8". 140 dNev Cons Copper. Par $6 $17*2
J’ly 6 $22^8 Oct 17
25 New York Air
100
800
Do pref.
..........
900 Pressed Steel Car
400
Do pref.............
400 Pullman Company
3*8
*67*2
*4*2
118
125
Mch 7
Jan 3
36*4
Jan
Mch 5285
Mch lu5
34?g Feb
663g
115*8 Nov 136*s
9-j34 Mch 14
66
lli2 J’ne
69
Sep
92*8 Aug
10512 Nov
116*4 Aug
22 »
95
160*8 Jan
23*4 Jan
86*8 Jan
*0
2514 J’ly 26
12
Oct 26
Aug
122
77*4 Fob
101
Jan
Jan
92i2 Jan
Apr
55
.
J ne
47*4 J’ne
69*4 Aug
Nov
38
80
3
143*8 Feb 24
50
20
Sep
61?8 Aug
42*4 Apr
109*4 Feb
5*2 J'ly
48*4 Jan s
109*4 Mch 8
12
26
Dec
Feb
Jan
Feb
49
Feb 28
33
j<*)
10
1878 Jan
12
29
1287g Feb 18
164i2
18*8
J’ly 26
Sep
J ly
Feb
6*4 Feb
34
Feb
8
Jan 10
li.4
Jai
5205
Dec
66
124*4 Aug
79*4 Nov
107*4 NOV
42*s Jan
98
112*4 Jan 3
Apr 27
2S6
102
65
lli2 J ueao
70*8 J’ly 26
_
_
650
3078
93*2
99
prel...
Carpet
221a
3
]22
Distillers1 Securities
Corp
Federal
1,250
17
69
*93
Do
Defining.
Do prel
2,950 General Electric.
dGoldfleld
13,734
Con M.Par $10
nt Harvester stk tr
1,300
ctfs
6.800
112*2
34*4 34*4
*14
37
=
44*4 Feb
347a Oct 21
26
26*4 J’ly 26
99*4 J ly 27
1.400] Pacific
8*4
*54
59
*54
69
*53
69
(10212 103
102*2 102*2 ♦100 1021, *101
102*2
*100
102*2 *101*2 102 *10112 102*2 102*, 102*2
*16*2 17
*15*2 17
16*2 16*2 *15
17
60*4 50*4 (5012 51*8
51
517g
50*2 51*2
*93
100
*93
99
♦93
Jan
86
107*2 Feb
7
.....
50
*132
*88
104
ys
7i2 Feb
71i? Feb
Feb 18
Mch 21
9072 Jan 3
104
J’no.y
j’ne 8
6
9
3
3
3
Jan
Aug 10
J’ly
29i4 Mch
17*4 Jan
467gJan
o2i2Jan
$54
Jneac
21
49
125
4
5
3
“ Oct
15’s Nov
J ’no
76*2 Nov
Jan
h'2
39*2 Mch *8
90i* Deo 7
J’ly -6
^33*2
Central Leather
'
400
Do prel
900 Colorado Fuel &
lron==
100 Col & Hock coal 5c
Iron.
32,800 Consolidated Gas (N Y).
800 Corn Products
"“'706
6
28
Brake
300 North American Co.
159
*1*2
*3*4
6
32
3,020
26
901,
Mining & Smelt'g
124
17
Par82(>
J’ly
25*8 J'ly
Butterick Co
Urex
151*2
124
*16
*80
UAnacondaCopper
100
331*
X77S
8
109*8 109*8
18*8
67*8
1,200
20
151
93*8
*1*2
*3*4
30
93
185
*91*4
*57
*45*2
17*2
67*8
29*2
31
95
*i2
5
14*g
*12
86
65
*17
158*2 158*8
3*2
*3*4
31*4
75
54*2 65*4
*104
107*4 *104*4 107*4
18*s
183* 1812
18*8 1812
70*4 *69
72
*68
—
647g *64*4 65
66
27*8
27*4 28
27*2 27*4
43
43*2 43*s
43
43*4
105*4 105 105
105
105
101
102
100*4
102*8 10212
107*4 *104
I8I4 18*8
I8I4
*6912 74
$70*4
647t 647*
6472
27
28*4
27*2
43
43
43*8
105*8 105Bs ♦105
97*2 98*4
99*4
*17
18*8 *17
18*8
*67
70
67*2 67*2
160
14*8
*74*2
33*8
124
(55
32*8
5
137
136
109l2 *109 111
12 2
*121*2 122*4 122
4*2 * 412
*4*4
4] 2
15*2 *1484 16*2 *15*2
13
*12*2 13
1278
5512
5512 55*2 *55
40
397*
40
40*4
85
*83*2 85
85
10512 105*2 105»4 105*4
95
*89
93
*90*2
76
*74*4 75*4
75*4
117
11712 11712 117*2
*74*4 75*4 *7412
(1183s 118*8 *116*2
(123 123 *123 124
*16
1712 *16
17*2
30
*93
*158
*2
*4
*12
Tobac (new) ,pl
700 American Woolen
210
Do prel
Jan
8*8 Jan
4/‘n oan
115
8
48
...
.
33*2 Jan
95*? Jan
20*4 Jan
120 Mch 9
693, Mch 9
Oct 13
107
~20
16>« Aug
67*2 Nov
96*8 Nov
60
Aug
103
Aug
49** Aug
Feb
66
„
Jan 10
Nov
250
1234 Feb
38
Feb
47*4 Jan 10
95*2 J’ne J5
* 3' $ J a n
3
82*4 NOV22
72<8Jau 3
_
.
31*8
Highest
Jan
I9(>
41*2 Oct 21
103
....
300 iJethlehem Steel
200 D
Do prel
300 Brooklyn Union Gas.
Brunswick Term & Ky Sel
104
Jan
15 Jan
6 4s4 jan
00*4 Jan
.........
10
31*2
Lowest
5-70
_
Do prex.
"
30
31*8
Adams
Express
Uis-Cb aimers
....
29
69
136
104
Year (1909
Highest
(235 Dec
7*2 J’ly
i7
Aug
60,500 Amalgamated Copper...
55*r, J’ly
950 Amer Agricultural Cbem.
85 J’ly
Do pret
yyi4 Apr
lY. 725 American Beet Sugar...
24
J’ly
Do prel
89
J’ly
3~, 850 American Can
67* J no
Do prel...
1,900
62
J’ly
1,240 American Oar & Foundry
39*2
J’ly %
Do prel.
109
J neju
"”600 American Cotton Oil
62*8 J’ly 26
Do prel.
240
Dec i
100
American Express...... (230 Dec 23
””i00 American Hide & Leather
3*2
Sep
13
Do prel..
200
19
Sep
400 American Ice Securities.
16*8 Dec
American Linseed
10*8 J’ly 27
T.660 Do pret...
25*2 J’nc3o
2,f 25 American Locomotive
29
J’ly 26
Do prel
2r'0
Aug
102*2
100 American Malt Corp
3*4 Dec
Do
300
prel
28*2 J 'ne ,0
600 Amer Smelters Sec
pret’B 82 J’ly 23
22,220 Amer Smelting & Refining
61*8 J’ly 28
620
Do prel....
! 98*4 J’ly 26
American SnutI
275 Dec 16
Do prel
1 ^5*2 J13
600 Amer Steel Found (new)
38 J'ly 26
150 American Sugar
Refining 111*8 Oct
Do prel
226
llli2 Dee
6,500 American Teieph & Teieg
126*4 J’ly 26
1,150 American
9178
39*2
*8*4
34
S*2
9234
32*2
*28
*32*4
5
40
*80
53
*105
10
30
29
*56
*134
31*4
■
109
122
1634
*83*4
9178
*38*2
79
67
8*g
122
105
*89
9134
39
28*2
*75
151
92*2
*31
104
31
5
*4
43»s
30*2
59
136
104
31
*76
*57
151
*55
40
91*4
38*4
28l2
*4
*45i2
*412
♦1612
*1212
142*8 143
92*2 92*2
30* 2
...
(114
114
Sl4038 141*8
Lowest
.
101
*114*4 116
113
*8*4
*27*4
3168
325s
*109
122
43
135*4 137*8 136*4 137*4
1414 14*8 *14*4 15
“
8**
*260
*100
43
101
113
31
*103
30
13412 1363s
14*$ 1412
W
300
57
18
121
32
381
108
371*
1071*
4*4
♦36*
4*
3514 *34*4 351
86i2 *86*2 87
741*
73*4 74*
1027s 103*8 103*2
*260
*100
*42
*8*4
*27*4
31
5
78
*58
33
*12
1212
135l2 *135
221
18
*11
32
37
108
32
3Hs
37
240
41
*4
22*4
18
(114*2 11412 *11312 115
135
*30
*4
*225
412
2278
*11
115
59*2
104*2 104*2
240
*21l2
*17l2
300
101
43
*110
59
59l2
*22 0
♦11212 115
142*8 141*4 142*8
92
9314
92*2
32
30*4 31*4
92
(92
92
38
38*4
38i4
2914 *27*4 28l2
58
*56l2 68
14U2
93U
49
115
1071*
3*8
*35*
84*4 *34*4
86*4
861*
73
73*S
102i2 1027g
34*4
*86
87
86*4
72*8 7314
721*
10212 10212 (10212
9434
8*2
9*4
77*8 7734
60
5012
8*4
76iS
76
49
*110
436*
*91
EXCHANGE
300
200
63*4
46*8
4234
95
8l2
18
35
*260
*100
42
114
113
62*2
4658
Range for Previous
On basis of 100-Mare lots
mdustri:J£c Alisccllaucou
245
8
30
*84
"43I4
42*4
*92
3614 36*2
36
*10514 107 *105*8 107
34l2
63i4
46
*90
42U
95
884
763g
4812
*220
8
*29
8*8
30
[VOL. LXXXXI
2
Range Since January 1
NEW YORK STOCK
Week
Shares
Dec. 30
245
61*4
45l2
STOCKS
the
Friday
29
8*8
*90
425g
Sales of
Thursday
Dec. 28
*220
*8
30
*220
Record—Concluded—Page
are
160
...
Flat bush
Home
..
2*7 0"
.....
Kings Co
..
L 1st L A Tr
Nassau
....
People’s
Queens
125
200
...
Co.
Wllllamsb
103
600
$00
170
296
no
Ask
430
136
220
210
280
110
d Now quoted dollars oer
share.
State banks.
Exchange—Bond Record, Friday, Weekly and Yearly
New York Stock
jayu i I90tf, the titoedange
notfiod of qwotlno ootids tows changed, and prises are no to
*3.
T3
-o
BONDS
N. Y. stocK bxohamok
Wekk Eni»inu Deo SO
O
P
t, 1% « iOf<*iitmeui
D 8 2s consol reuuitcreci.iUOSo
U S 2s oouaol coupon.:..U 1.030
U B 3s registered
#19is Q-F
U S 3s Coupon...
#1918 4-F
U S Ss cou small bonds..#1918 Q-F
tJ S 4s registered
1935
0 S 4s coupon
1926
•N
U S Pah Can 10-30 yr 2s. #1930
2d senes 4 4«
1925
Sterling loan 4s
1931
Repub of Cuba 5s exten debt..
San Paolo (Brazil) trust 5s 1919
U B ot Mexico 8 1 g 6s ot 1899
Gold 48 or 1904
1954
State and City Securities
N Y City—44*
1980
4% Corporate Stock
1959
4% Corporate Btock ....1968
New 4 4s
1967
New 4 48
1917
44% Corporate Stock ..1957
44% asscssmt bonds.... 1917
4% Corporate Sto©K....1957
N Y State—Canal Impt4s.l960
So Carolina 44s 20-4u
1933
Penn new settieuieut 3s..1913
Virginia fund debt 2-3s... 1001
6s deferred Brown
974 974
F-A i 954
964
J J
894
J-J
103
M-8
97
J-J
97 4
M-J
924
-D
%T * ese
sale
964
Bale
Bale
97 4
Bait
94
are
high Ro
994 Bale
994 ^als
1074 107 4
M-N
M-N
Al-N
M-N
102 4 Bale
1074 1074
102 4 1024
994 994
1044
M-N
M-N
M-N
J-J
J-J
96 4
J-J
J-J
97
*42** ’*43
Bros otfs
Low
Deo’10
Nov’tO
high
1004 1014
1004 101 4
1014 1024
1014 103
1024 1024
1144 1164
114 4 1154
Aug’10
1004 1004
i’ue’10
Nov’10
Dec* 10
J’ly’io
16
974
974
054
61
&54
954
97
97
974
27
924 '
99 4
2
97
954
Hi 95
2
074
05 4
094
024 974
of %5 to £.
the b asit
0 n
064
16
92 4
13 1014 104
894
103,
894
1024
984
94
934
88 4
964 Deo’10
pr ices
1014 Balt
January
Oct ’10
....
M-8 t
since
Last bale
1004 1914 I004
1004 101 4 MO**
102
1024 1014
102
1024 102 4
1014
i 164 i 164 1154
11541164 116 4
10U4
1004
Foreip (»ovt‘in'ni*iit
Range
Range or
Ask Low
bt a
Si
Argentine—Internal 6s or 1909
Imperial J apaueso ooverum t
btertmg loan 4 4«
1925
Week's
Price
frtuau
Dec 30
1014 298 100 1014
094 77
96
094
1004
904 10 964 100 4
994
1074 16 105 41094
107 4
1024 16 1024 103 4
102 4
1074 W7 1054 HO
1074
102 4
1 102
104
1024
004 16 96 4 1004
004
1044 Deo'io
1014 1054
103 4 103 4
lu34J’l7*10
044 06
964 Deo’10
88
Noy’lo
87
904
66
48
30
43
BDNIM
Cento! Ga RE—(Oon)
Cliatt Div pur mou g 48.1951
Mao db Nor Diy 1st g 6s. 1046
Mid Ga A Ati Diy 68....1047
Mobile Diy 1st g 6s
19a6
Uen RR A BoiGa OOi g 6s 1037
UeutoiN J gon’lgold 6s.1087
Leh A Wilks B Coal 6s.. 1912
Cou ext guar 44*
j/1910
N Y A Dong Br gen g 4s 1041
bee Bo Pacuic Co
Cent Pacido
Cent Vermont 1st gug4s.*l02O
Chas A »av bee Ati Coast Line
Oliesdb Ohio gold 6s
al011
Gen funding db impt5s.i929
1st consol g 5s
1030
Registered
Convertible 44s
1930
t*ig Banuy 1st4s........1944
Coal Riv Ry 1st gu 4s ..1945
Craig Valley istg 5s....1940
1014
98
914
1084 Bale
93
M-8
M-N
J-J
J-J
M-N
A-O
A-O
41948 4-J
Pitts J unc 1st gold 6a... 1922 J-J
PJ undb M Diy 1st g 3 481925 M-N
PLEA W VaByaref 4sl941 M-N
South w Diy 1st g 34s... 1925 J-J
Registered
41925 4-J
i
1937
M-S
A-O
F-A
J-D
A-O
A-O
Pitts Clev db Toi 1st g 6s 1922
Pitts db West 1st g 4s...1917 J-J
Stat lai Ry 1st gu g44s 1943 J-D
Y UAH
Beeoh Oreek bee
Bellev db Oar bee Illinois Cent
Bklyu db Moutauk bee Long 1
Bruns A West bee Ati Coast L
Buffalo N Y db Erie bee Erie
Buffalo R A P geu g 6s...1937
Consol 4 4s
1957
All A West 1st g 4s gu..l998
01 be Mali 1st gu g 6s....1943
Rooli A Pitts 1st g 6s...1921
Consol 1st g 6s
1922
Baft A Busq 1st ret g 4s.dl061
Bur O R db N bee C U I db P
M-S
M-N
A-O
J-J
F-A
J-D
J-J
J-J
1913 M-S
twx
'2d Bo
6s 1st ext 63
1913 M-S
Registered
03 4
4094...
41948 A-O
gold 6s
014
914
106 4
105 4
i*37
•
014
Jan 'lo
08
88
02
80
61
106
4 100
9
08
04
Sale
....
Deo '10
1074
109
1084
084
954
944 S9
Sep’09
024 024 *92 4 *"984
1234
1244 Deo’io
112
Mar’10
1104...
61
..
J’iy'10
05 4...
96
92 4 Salt
924
03
014 Oct ’09
90
904
00
914
09
Bale
064 07 4 064Nov’lo
1114
1124
ia24
874 884 874 Dec’lo
92
024 014
984
904
904
004 Sale
884
894 Apr’lo
103
Mar’10
1004
108
109 4
110
064
80
964
1084
1164 118
116
73
09 4
06
1124U8 4
874 «94
90
89
15
89
894
109
Clue db L Bu Diy g 5s....1921
CJncdbMoKiv Div 5s...1026
Clue db P W 1stg 6s..... 1921
Dak db Gt So g 5s
1916
Far db Bou assn g 6s
1024
Lacrosse A D 1st 5s....l010
Wisdb Minn Diy g5s....l921
Mil db No 1st cons 6s....1013
90 4
1004 1014
lOOiftDee’lO
10041004
102 4
Oct
1114
1094 Oct ’10
107 4 Sale
1074
101
113
101
102
sale
1014
094100
00 4 100
00
09
100
100
...
10941184
'1034 109
1074
Apr’06 ...it
3
102
73
102
10
904 Deo’10
884 Noy’10....'
00
004! 86
85 4 Oot’10....
82
84
76
76
76
80
102
102
101
884
100
86
oon
103
J-J
J-J
82 4 Bale
103
103 4 103
tfl-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
44&1932
J-J
F-A
Inter-Met coil 4 4s
1966 A-O
Inter Rap T 3-yr conv 6s. 1011 Vl-N
45-year 5s Series A
1052 M-N
Internat Trac coil tr 4s..1949 J-J
Manila Elec 1st A coll 6s. 1063 71-8
g
♦No
6s. 1952
price Friday: latest this week.
Bale
08
d Due Apr
82 4
109 4111
84 4
128
83
121
Deo’lu
114
May’00
110
Oct’10
Bait
128
114
874
884
924
03
1064
004
1034
884
924
1074
78
06*4 100
100 4 102
81
864
121
127
3 1084 113
**-)
-
iio
....
100
92
,tt|
1114
110
|1U4Nov’09
,
107
1104
1054 1084
102 4 1034
U64 1164
-
••••
104
103*4 105 4
110 4 113
UO'aloi
954
22
105
106
105
1074106 Dec’lo
1064 106 4 Feu’iu
j’iy’08
Deo’10
0/4
19881 J * J
1988 J*J
1934 A-O
100
1004 1004
109 4112
|109<4 Dec’lo
97*4
80 4 Bait
08 4
109
034
73
17
1*63
944
084
100
00
86
984
02
0? 4 J’ly ’iu
96
Deo’io
94
Dec’09
974
j 944 May’lu
044
044
064
834
064
95
04
*1*1*74
1124
ii»4 ii*84
1104100
Aug’io
074
y74
994 Feb’10
80*4
894
ib*0*4
106
107
1144
Nov’io
'142 4 Ftb’02
1174
T184 Nov’10
1004 Bale 11004
1004
108
90
1064 1064
109
1114
Bep’10
1100
109*4 112
954
87
110*4 1114
Mar’io
..109
115 4 115
106
too 4 108
1054 Deo’10
'106
109
115
100
117 4
04
994 60 08 1004
Oct OB
Dec’10
854 80
024 10 014 034
iu74 108
Mar'lo
4JlylO
88
87*4
934 Apr’09
1104 Bep ’lu
105*4 108
1064
10241034
12
95
I04*u
874
1 124 412u 4
108 4 Oct ’10
IO64 1067# 1064 iJet’lu
1034 1044 103 4DCt ’10
1164
1164 May’10
105 4
1054 Dec’ 10
lOO3^ ......!1uo4 lt/64
1034 104 4103*4 Aug lu
1004 lOU 4
110 4113
110 4
1194
094
9u34 Dec’lo
Bale
112
84
69
108 4
88
00
1 100 4 1024
Dec'lb
914 06
102 4 1024 1024
1024
00 4 salt
75
07 4
....
Dec’09
J’ne’io
100
02
05
77
984 100
13
864 894
87 4 88
8
984 101
1044 1044
98 4 100
1
0b
1004
85
128
84 4
844
1074
05
Bale
93
1104 112
:
1044
04 4
074
06
03 4
Aug’u0
107
724
73
764 May’10
04
Nov’10
ill
Dec’10
764
03
110
i2o4Aim’«3
80 4
06
1144
1054 106
1054 Oct ’10
104
104
107 4110
100
104
128
1274
48.1930^^
ROADS—-Continuea
on
Next Page.
Railway
J-D
..i-S
vl-S
Tri-City Rydb Lt ists f 6s.l923 A-O
Underground of Lon 5s...l02b M-N
44s
1933 J.J
Income 6s
1948
Union El (Clue) 1st g 6s.. 1945 A-O
United Rys Bt L 1st g 4s. 1934 J-J
United RRs Ban Frsf 4s.1927 A-O
e
Deo’io
3
CRIFdbN
M db Bt L 1st gag 7s..19271 J*i>,
Choc Ok db G gen g 6s .01010 J - J *
1034 1U4 May* 10
Consol gold 5s...
1084
1952 M-N. 1084 A iO 4 1US®8
1UU 4
100 4
Keok db DeBM Ist5s....i923 A-0; 100 4
Jhie ot d db N O bee ill Cent |
|
Ohio St D A Pitts bee Penn Co
I
Jlilo BtP M «& O oon 6s...1030 J-D 1234125
1244 Dec’10...
86
93
Dec’03'...
Cons 6s reduced to 3
May’06
TJFlat. aDue Jan
.
1234 129
J’ly’io
110
1104
1104 1104
Third Ave RR con gu 4s 2000 j.j
CentTr Co certia stmpd...
Third Ave Ry 1st g 6s.. 1937 J-j
N Orl Ry A Lt gen 44s ..1935 j-j
St Jos RyLtH db P Istg 5s ’37 J-N
Bt Paul City Cab cou g 6s. 1937 j-j
......
7o4
1014
97 4 salt
07 4
97 4
luu4 1004 100'a Dec’10
106
Bwaydb 7th Av istc g os 1943
Ooidb0thAvlstgu g 5s. 1093
LexAvdb PFlstgug5sl093
103
98
98 Dec’10
100
102
101*4 101*4
102
1014 Noy’lo
85
844 Deo’lt
85
84
84 4 86
784 78 Deo’io
1024 102 4 Mar’lt
10041014 101*4 Aug’ll
80
79*8 Deo‘Hi
04 4 95*4 Nov’io
70 4
80
794 Salt
100 4 Balts
tU04
1004
103*4 Bale 103*4 1034
67 4 Mar’16
70
75
Oct ’09
09 4 Deo’10
88
»8 4
88
Sep '10
100
1004
00
82
87 4
70
68 4
6
724
10141014 1014
Met St Ry gen ooi tr g os. 1997 F-A
Re£ g 4s
2002 A-O
104
83
103*4
82*4
004
884
Oct’10
95
02
09
1021 A-O
1933 M-N
1933 M-N
Street
A-O
....
88
.“.*..1934 A-O|
Wlstgu68.1921'A-O
F-A
M-N
M-N
Oot
...
864
100 4 Sale
104 4
1044 Dec’10
0041004 004Deo’io
084
0a4 984 984
084 084 1014 Mar’00
1921 A-O
1917' J - J
lu3 4
1134 Bed*05
90*4
Registered
Sinking lund deb 6s
Registered.....
!M-S
884
....
724 744
704 3ale
Registered
2002 M-N:
R1 Ark«&Louis 1st44s 1034 M-S!
Bur C R db N—istg 6s.l934j A-O
Street It nil way
Havana Elec consol g
J-D
85
....
86
Coll trust Senes J 4s....1912 M-N
M »s
1915 M-N
N 4s
1916 M-N
O 4s
1917 M-N
P 4s
1918 M-N
Chic R I db Pac RR 4s..2002 ,M-N
1054
103 4 1034 Deo’10
101 ‘
101
1004101
J-J
109
113 4
1124 Jan’10
11241124
Sale 1014
1014 84 99
1034
1014 J’he’lO
10141014
Bale
034
914 162 89
054
87
89
894 88 Dec’10
83
884
87
854 Nov’ 10
L04
1044 Sep 'lo
1044
105
90
Jan ’09
00
96
06
11
94 4 99
Sale
00 4 98
924 91 Sep’10
1014
Debenture 6s
Registered
gold 4s
Registered
Refunding g 4s
72
72
J-J
1879-1929 A-O
General
117
11641164
1164 Sep *10
72
Mar’10
J-J
J i
J -J
Mil L Sdb West 1st g6s 1021
Ext A iinpatundgbs 1929, F-A
Ashland Diy 1st g 6s.. 1926 M-S
Mich Div lstg6s
1924' J- J
incomes
1911 M-N
Chic Rock Isi db Pac 6s...1917 J - J
115*’
J’ne’10
J-J
Registered
1886-1926 F-A
General gold 34s
1987 M-N
Registered
.jpl987 4-F
Sinking land 6s...1879-1929 A-O
Registered
1870-1929' A-O
Sinking lund 5s...1870-1020 ArO
100 4
094
106
06
J-J
Extended 44s
1013 J-D
Chicdc^Northwcons7s....1916 Q-F
Extension 4s
1886-1026 F-A
Registered
Aug’io
J ’iy ’08
«i
Registered
si989 Q-J
34s series B.AL960 J -J
25-yr deben 4s
1934 J-J
93
084
1134110 4
06
90
General g
103
113 4
103
Deo’10
1064 Feb ’07
Deo’09
112
112 Nov’09
1104 Mar’04
984 Bep *09
100 Noy’04
96
103
116
0741004
-
Louisv N A db Ch 1st 6s. 1010 J - J
Ohio Ind A Bou60-yr 4s..1056 J-J
ChioMildbBt Ptermg5s 1914 J-J
General g 4s senes A..S1980 J - J
03
00
J-J
A-O
1947 J-J
Rerunning gold6s
80
95 4
124 4 1844
112
112
06
07 4
48
11141164 1164J’ly,10
1054109
1084 Deo’to
103
044 *044
16
110
1014
108
113
064
02
M-N
M-S
M-8
Cmu in A Douisv rei 6s...1047 J
92
944
1 10741094
81
M-S
074
8
iUlSU£LLANKOl)8
Det United 1st
854
102*4
Registered
2d pi el income g 6s stamped
8a pret income g 6s....pl045 Oct
8d prel inoome g 6s stamped
g 5s
1946
1st refund conv g 4s....2002
BkOity 1st oon 6s.1916.1941
Bk <4 Co db B oon gu g 68.1941
Bklyn Uu El 1st g 4-os.I960
Stamped guar 4-6s....l960
Kings CJo El 1st g 4s....1949
Stamped guar 4s
1940
Nassau Elec gu g 4s ....1961
Conn Ry <& List db ref g 44s’51
1951
Stamped guar 44s
J-D
J-D
J-J
1927 M-N
107
100 4 1014
too
1004
98
004
100
1014
2 102
1054
14 1104 1144
.
’40 M-N
3s...1049 A-O
Boutuwestern Div 4s....1021
Joint bonds bee Great Nortu
Debenture 5s
1013
General 4s
1958
Han <te BtJ08consol68.. 1911
Clnodb E 111 ret db imp g 4a 1955
1st consol g 6s
1034
General consol 1st os....1937
110
103
....
1014
034
.1019 A-O
....
Nov’10
103
1024105
112*4 113 4 1124
F-A
1040 J-J
1940 J-J
874 Nov’10
110
102
120
1254
1204 125
1
....
High
1044 1044
4*5
994 Dec’10
100
1004
..r..
Railway 1st lien34s... 1950 J-j
Registered
195o J-J
Carb A Shawn bee Ill Cent
Carolina Cent bee Beab Air L
Brooklyn Rap Tr
874 90
Ohio Baridb q—Deny D 4s 1022 F-A
Illinois Diy 34s
1040 J-J
i....
1913
Carthage db Ad bee N 1 UAH
CedRlaF&N bee BUkAE
Oen Branch Ry bee Mo Pao
Cent of Ga RR 1st g 6s..pl946
Consol gold 6s
1946
Registered
1945
1st prel income g 6s... .*>1945
Stamped...............
2u prei income g 6s....pl945
q-f
93 4
984 084
100
094
M-N
Registered
1937 M-N
Chicdb muc Ry 18168.1036 J-J
Chicago A Erie bee Erie
Chic Gt Western 1st 4s.. .1959 M-S
1224
1044
76 1044 1824
944 Nov’10
944
131
044
117
*•••
105 4
102
964X>eo’10
934
93*
109 4
1094
04
100
06
02
•••
4
02
1084
834
974101
984 Feb’10
984
96 4
Registered
General
0g4Dec’lo
74
99
Austin db hi W bee Sou Paoifto
Lbalt db Ohio prior 1 g 3 4s. 1926 J-J
O Registered
41926 4-J
Oen Ohio R 1st o g44s..l93o
01 Lor db W oon 1st g 6s 1933
Mouon Rly 1st gu g 6s..1919
Ohio Riyer RR 1st g 68.1936
994
1024 102 4 101*4
J-D
F-A
F-A
M-8
J-J
Say P&W 1st gold 8s.. 1934
1st gold 6s
1934
Sli Bp Oca db G gu g 48 .. 1918 J-J
Atlantic A Dany bee Bouth By
Gold 48
02
014
104
106
1064 sate
(issue of 1910).i960 J-D
...ol962
09
02
Nov
Registered
Stamped
41995 M-N
Cony 4s issue ol 1909...1955 J-D
Conv g 4s
1966 J-D
LdbNcoilg4s
02
Deo’10
100 4
May’10
Greenbrier Ry 1st gag 4s
Clue A Alt RR rel g
Registered
70
Nov’10
1004
q.m
Potts Creek Br 1st 4s.. 1946 j. j
tide A Diy 1st con g 4s..1080 J.J
2d consol g 4s
2WL989 J - J
Warm Bpr Vai 1st g5s..1941 M-8
Sinking fund 4s
774 784
994 8ale
108
1004
Low
...
1024 Nov’10
108
101
M-S
Iowa Diy silut lund 6s.. 1019 A-O
41995
M-S
M-N
bmee
January l
1
Nov’05
Jan’10
i 15
110
Range
Ro
High
9t>4 Sep 09
1044
1044
Low
ask
122 4
121*4 122 4 1*22
1214 1224 12i4Dec’10
A-O
j.j
M-N
1939 M-N
1002 M-S
1992 M-S
Registered
General gold 44s
Range
Last bale
*6
90
105 4 106
105 4
107 4
102
106
Nebraska Extension 4s.1927 M-N
Atoll XA b be—Geu g 4s. 1995 A-O
Registered
1995 A-O
Adjustment g As
41995 Nov
10-year oonv g 6s
Iul7
Debeu lures 4s Series J. 1912
Series K.......
1913
East Okla Div 1st g 4s.. 1928
Short Line 1st 4s g
1968
8 fe e Pres A PA 1st g 5s. 1942
AU Knox A N bee L A N
Atlantic Coast 1st g 48.41952
Ala Mid 1st gu gold 6s ..1928
Bruns <6 W 1st gu g 4s ..1038
Charles <fc Bay 1st g 7s.. 1938
J-J
J-J
M-N
J-J
Registered
A1087 o-J
Am Dock A imp gu 6s.. 1921 J. j
Ledb Hud R gengug5a 1020 j.j
Registered
Ills Diy 4s
a laoama Cent
t>ee Bo Ky
Aia ba M nil bee At Coast Line
Albany A Busq bee Del A Bud
Allegheny Valley bee Penn Bit
Alieg & West bee Bull UA.U
Ann Arbor 1st g 4s
A199£ 4-J
tiia
J-D
j -J
u
Week’s
or
Price
Jtriaav
Deo 30
N. Y. STOCK EXCHANGE
Week Ending Dec 30
Railroad
Cony 4s
ail—“and interest”— oxczpl for income and defaulted bonds.
Due May
pDueJ’ne
ADue j ’ly
JfcDue Aug
Bale
78
484 50
102 4 ^aie
984109
98
73
48
904
37*4
.09*4
01
384
loO
664
964
084 Nov’10
Deo’10
69:4 Bale
694
108 4 110
108 Dec’lo
85 4 844 Oct’10
00
98
Nov’08
104
107*4 Deo’09
984 *984 984
98 4
814
684
oDae Oct
42
38
84
80
67
p
384
99
694
55
68*4
844 67
06
22
38
Oct ’08
99
si" mS
31>«
40
•7«"fP
TA !
Aug’10
65
67
DueN«v
574
1054 1084
98
Apr’00
004
004
824
46
54
»8 4 1024
96
102
1024
1024
084 Deoio
50
69
95
744
78
Dec’10
s
Option Salt
1754
New York Bond
TS
BONDS
N. T. STOCK EXCHANGE
Week Ending Deo 80
*5 2
Cliio St P M A O—(Con)
Ch St P A Minn 1st
g 6s 191$
Nor Wisconsin 1st 6s...1930
St P A S City 1st g 6s...1919
Chic A West Ind gen
g 6s 91932
Consol 50-year 4s
1952
Chic A W Mich see Pere
Marq
Choc O A Gulf See (J R 1A P
Otn H A D 2d gold 4
4s...l937
Cin DAI 1st gu g 6S...1941
O Find & Ft W 1st gn 4s g.’23
Cin 1 A W 1st an g 4s. 1953
Ind Dec A W 1st g 6s... 1935
1st guar gold 5s
...1935
o 1st Lao see uuu&sil
CinSAC
Record—Continued—Page 2
*
Price
Friday
Dee 30
tiui
Since
©
W-cj
January 1
1124
Q-M
109
92*8
J. J
103 *a 105 *2 icm
88
104
101
....
110 4 1104Dec’10
93
924
93
113
J-J
M-l*
M-N
J-J
J-J
J-J
123
....
1124 Dec’10
...
....
14
QatTOO
127
111*4 114*8
1084112
88
93 4
....
DeoWr...
86*4 Oct ’10
102
Sep *10
1074 Dec’02
10 1
T08
86
874
1014107
See CG’CStL
Olearfteld A Mali See B R A P
Clev Cm C A St L> gen g 4s 1993 J -D
944 Sale
93
944
Cairo Dir 1st gofd 4S....1939 J-J
934
984 Dec’10
Cin W A M Div 1stg48.1991 J-J
984
934
934
8t L Div 1st ool tr g 4s.. 1990 M-N
95
Sale
93 4
96
99
Registered
Oct ’07
93
91
.1990 M-n
Snr A Col Div 1st g 4&..1940 M S
90
100 4 06
Dec’09
W W Val Div 1st g 4s...1940 J-J
92% 934 014 Deo’10
0 I St L A C consol 6S..1920 M-N 106 'a
1054 Feb’io
1st gold 4s
97 4
/cl 936 Q-B
964 Deo’10
Registered
93*4 97*4 96 Aug TO,.
AR.936 Q-F
Oin S A Cl con 1st g 5s. .1928 J-J 1064
108
Oct TO
0 C C A 1 consol 7s
1914 J-D 107
1094 Dec’09
Consol sink fund 7s....1914 J-D
General consol gold 6s.1934 J-J
1‘85 4
125 4 Deo TO
Registered..
1934 J-J
lnd Bl A W 1st pref 48.1940 A-0
04
J’ly’08
O Ind A W 1st pf 5s...efl938 Q-J
Peo A East 1st con 4s...1940 A-0
9u*4 91
90*4
90*4
Income 4s
68
1990 Apr
584 69
58
Olev A Marietta See Penn RR
Olev A Pitts See Penn Co
Col Midland 1st g 4s
66
69
68
Dec TO
1947 J • J
Colorado A Sou 1st g4s...l929 F-a
96
96 4 954
22
96
Refund A ext 44s
1935 M-N
974 97*4 074
97*4 00
Ft W A Den C 1st g 6s.. 1921 J -D 113
Salt 113
113
3
Coium A Greeny see So Ry
Col A Hock Val See Hook Vai
Col A Toi See Hock Val
Col Conn A Term See HAW
Conn A Pas Riys 1st g 48.1943 A-O
Cuba RR 1st 60-yr 5 g....l952 J-J
100 May TO
99V
904
934
964
934
90
944
89*4
96*«
90
914
105 4 105 4
064 98 4
96
98
103
108
.
.
.
.
..
....
119
125 4
80
63
944
67
65
93
94 4
81*8
974
10-yreonv deb
4s
1916 J-D
1st lien equip g 44s ....1922 J-J
1st Aref 4s
1943 M-N
Alb A Sus cony 34a
1946 A-O
Rens A Saratoga 1st 7s.1921 M-N
Del Riv RR Bridge See Pa RR
Deny A R Grist con g 4s. 1936 J-J
Consol gold 4*as
1936 J-J
Improvement gold 5s...1928 J-I)
1st A reiundmg 5s......1955 F-A
Rio Gr Juno 1st gu g 5s. 1939 J -D
Rio Gr So 1st gold 4s. ..1940 J • J
Guaranteed
1940 J - J
RioGr West 1st g4s
1939 J-J
Mge and col trust 4sA.1949 A-0
Utah Cent lstgug 4s al917 A-0
DesMoiAFtD See M i tit l
A Mack
gssMoi
1st 1st
Un Ry
Ren gg6s..1917
48.1995 M-N
J-D
et
Gold 48
1995
Det So—O S Div 1st g 48.1941
Dai A iron Range 1st 5s.. 1937
Registered
1937
2d 6s
1916
Dai Short Lane Set Nor Pao
DuiSoShore A Ati g 5s..1937
L'astol Minn see St P M A M
kliast Ten Va A Ga See so Ry
J-D
M-S
A-O
A-O
J-J
J-J
Elgin JolA East Istg5s.l941 'd-N
Elm Cort A No See Deli A N i.’
Erie 1st consol gold 7s.... 1920
NY A Erie 1st ext g 4s 1947
2d ext gold &s
1919
3d ext gold 44s........1923
4th ext gold 6s
1920
6th ext gold 4s
1928
*
N YLE AW 1st g fd 78.1920
Erie 1st con g 4s prior.. 1996
Registered
1996
1st consol gen lien g 4sl996
Registered
1996
PenncoRtr g 4s
1951
60-year cony 4^ A
1953
do
Scries B.1953
M-S
•*»*>■
M-S
<vt-s
A-O
J-D
M-S
J -J
J-J
J -J
J-J
F-A
A-u
A-0
BuffN YA Erie 1st7s..l9l6 J-D
Chic A Erie let gold 5s.. 1982 M-N
Ciev A Mahon Val g6s.l938 J-J
Long Dock consol g 6s..1935 A-O
Coal A RR 1st cur gu 68.1922 <VI-N
Dock A imp 1st cur 6s.. 1913 J • J
N Y A Green D gu g 5s.1946 WI-N
NY Sus A W 1st rex 58.1937 J-J
2d gold 4*28
1937 F-A
General gold 5s........1940 F-A
Terminallstgold 5s...1943 M-N
Mid of N J 1st ext 5s ..1940 A O
WiikA Ea 1stgugos...1942 J-D
EvA ind lstcon gug6s..!926 J-J
1984
111*4
91
108 4 Oct TO
111*8 Deo’iO
1104 1114
91
Sop *09
1184 Nov'iO
....
1164 H7
1074
98 ‘a
85
102 4
....
Il74 120
120
116
1174 149
984 Sale
101
sale
100 4 Saxe
93 4 Sale
100
98*2
1004
93 4
123 4
934
Sep To
04
884
89
90
79
1084 Sale
15
58
Dec’09
Mar’Oi?
Sep’04
Sep To
Deo’10
87*4
944
85
04
88
72
106
74
Oct To
108 4
108 4
106 4 Mar’oe
108 4 Nov’10
1084 1084
120 4 Deo TO
100
J’ue’lo
1184 1224
lU44 0ct TO
1044 1004
93
1004 Dec’10
1064 Jan TO
904 Feb TO
119 4 118
Oct TO
1064 1064
80*4
Saif
1194120
98
104
1014
103 4
83*8
744 Sait
1004 1034
09*4
116
31
80*4
744
15
67
744
85 4 Feb’07
86 ‘a 86*4
86 4
86 4
74
Sale
73
74
69 4 Sait
69
694
1094112
110
Dec’lu
1114 Sale LH4
1114
1114
122*4
1044108
loo*a
994
1014103
83
1
36
17
64
56
no
110
Dec’08
l244Deo’10
114 Apr TO
103 4 oct ’09
09 4 Nov’10
101
1104
100*4 sale
110*4
1004
110
114
*
60 ■»
61
J-J
A-0
M-N
1004
100
08
98
101
106
103 4
1104
no** H0*4
9841014
60\ Sep TO
101
10
•
....
....
102
i*7
li>2
1014
1014105 4
4 103**
97
100
102
97
1104115
864 90
1004105
."i
J.D
••••••■•••••«•
No price Friday; latest bid and asked
this week, a Due Jan
••••••
io7*4
604 67
Too
Gold 4s
.
Unified gold 4s
Debenture gold 5s
BONDS—Continued
ioi
1034 DeoTO
Mar TO
97
114
Oct TO
1124116
88
NovTO
864
102
102
1024
DeoTO
100
1004 1004 Dec’lO
80’® 02
804
80’®
#•©
i05
99
1014
897s 924
•••••*
b Due Feb
844
05°*
98
125 4
4
sale
*054 "07*’
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AugTO
Sep TO
J’lj’09
05 4
00
126
132
105 4
94
V
15
126
1
4
J’ne’ub
89
Dec TO
92
87
044
94*4
974
964
93
100
125 4 1284
97 41004
!
99*4
114
116
84
5|(lU3*4 1074
108*4 J’ue’09
03*8 Nov’lo
100*4 uot ’06
99*4 Jan ’io
126*4 Nov’10
130 4 .vluy’Oo
1124 DeoTO
1024
884
Apr’09
114
914
101
99
loo
1024 Sals
10 113
99*4
1144
...J 125
129
on
110
1134
87
944
994 ueo’OU
07 4
074
074 974
05
84 4
102
74
74
73 4
85
....
774
074
07*4
48
...
004
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06
874 884
77*4
* 7*7*4
Feb TO
89
lol 4 Get ’90
IOO
Nov’OO
88*4
89
96
08
11741174
Oct TO
964 90
114*4 119
115
115
118
Mar’10
Oct ’09
90
07 4 Mar’10
98
J’ly’08
Sale
111
116
84 4
93
06
954
118
06
DeoTO
lio
May To
iU5
Sale 104 1
15
NovTO
4 15
103
105
4 Deo TO
67 4 67 4 Dec TO
95
06
4 ys
63
1014 Bale
y8
106
106*4
107
'00
102
1124
35
1024 106*4
674 774
94
05
69
714
74
NovTO
994 103
08
08
1094
109 4
106 4 Mar TO
100 4
lu9
Mar TO
108 4 112
1074
107 4
DecTo
105*4 1084
105
04
1034
106*4 112
Oct
101
0b
HO*®
12 102
15
73*4
734
074
93
107
4
74
118
974
064Deo’lO
4 108*4 108
1084 112<4
107>®
105
4 DecTo
113
113 4 113 **8
109 4
loo7®...... 10b
94
93*4
102
06
07 4
06
77*4 Mar To
79 4 Dec’08
064 Dec To
115
*
02
07*4 1004
J’ne’oy
90
07*«
074
004 DecTo
05 4
73
1064
89 4
117 4 Aiay’lO
y4
4
104
....
8/
954
101
05
107
102
105
14
103
65
y4
91
DeoTO
04
Sep’oy
03 4 May’09
80
J ’ly ’09
99
06
97 4 06
loo
06
Apr’09
b7 4 At ay TO
87
123
May’90
80
944
05 4
102*4 107*8 Apr’07
'*8*7*41”
98 4
J’ne’10
93
044
NovTO
Oct ’99
No v’u0
Alar’10
105
98
1‘2 4
115*4
93*4
95
1004,
1U14 Feb TO
1014 Sep '00
1014 1014
1094
110
Dec’10
no
112s
95 4
974 Dec'io
90 4 oct ’06
96
Dec’10
1044 Dec’Ob
93
97
97*4
1004
06
,
....
100
954
97
98
01
-98
07
944
06
95 4
■*,
03 4
95
Next Pago.
Ed El IR 1st cons g os.. 1995
J-J
NYAQE1DAP lstcongosl93U F-A
N Y A Rich Gas 1st g os.1921
M-N
Paoifio G A Elec Co Cal G A E
Corp unifying A ref 5s 1937 M-N
Peo Gas A U 1st con g 68.1943 A-O
Refunding gold 6s
1947 M-S
Ch G-L A Cke 1st gu 5s 1937 J-J
g
Con G Co of Ch
lstgugos.’fftt J-D
Ind Nat Gas A OR
30-yr 5s ’36 M-N
Mu Fuel Gas 1st gu
g 6s. 1047 M-N
Philadelphia Co conv 5s ..1919 F-A
Syracuse Lighting 1st g 6s.’6l J-D
Trenton G A El 1st g 6s.. 1949 n*-S
Union Elec LAP 1stg5s. 1032 MS
Westchester Light'g g 6s.l05u J-D
0
05
80 4
994 104
Deo’lo
03
1094 110
Gas and Electric Light
NYGELHAP g 6s...l94S J-D
Purchase money g 4s...1949 F-A
dDue Apr
1024
1004 Sep ’ub
104
1951 J-J
1932 J
1949 M1934 J
102 4
944
Miaf^
11141114
05 4
114
112*8
Low
96*4 283
1264
iVi 4 ii*8*4
1952 A-0
1965 M-N
Dong Isl’d—lstcon g 5s./il931
Q
lstcon80i gold 4s
A1931 o
General gold 4s
1938 J
Ferry gold 4 4s
1922 M-
93
108
106
96 °8 Sep ’08
105
Oct TO
614 Oct ’01
LOO
Oct '00
102
127
114
104 4
92
84
05°®
Registered
1941
Deli V Coal Co 1st gu
g 6s. 1933
Dell ANY 1st guar
g 4s..1945
Registered
1945
E1CAN 1st pf 6s .....1914
Gold guar 5s
1914
Deh A Hud R See Cent of N J
Deli A Wilkesb See Cent of N J
Deroy A Caney Vai See Mo P
Liong Dock See Erie
115
Oct ’09
1004 Dec TO
102*4 103
874
90 4
J’ne’Od
95Sale
_
734
lis 4
00
80
110*4
10U*4
ibo4
105
118
87 4
83
120
114
05
07
North Ohio 1st gu g 5s.c 1945
L Sho A Mich S see N Y
Cent|
Deli Vai N Y 1st gug44s.l940
J
Registered
1940 J
Dehigli Val (Pa) cons g 4s.2003
Den V Ter Ry 1st gu
g 5s.l94i
764
834
HI7*
1014 1014 NovTO
114
112
Apr’05
074 99
Erie 6s
A W 1st g 5s. .1937
Lake
2d gold
1941
00*4
121
Dec’10
1004 Dec’06
874 89 J’ne’10
110 4 Nov’10
105*8 106
100
100
844
85*4
814 Nov’09
76
102
y-F
74
111
1084
J-D
F-A
.VI-8
J-D
F-A
M-N
A-0
A-O
A-O
J-J
91
10641084
iSfl-N
A-O
J-J
974
1064109*4 1084 Deo TO
iHlSCELLANJEOIJS
Gas and Electric Light
Atlanta G D Co 1st g 5s...l947
Bklyn U Gas 1st con g 5s. 1946
Buffalo Gas 1st g 5a....... 1947
Dolumbus Gas 1st g 5s....1932
Detroit Oity Gas g 6s
1923
Det Gas Co con 1st g 6s..,191b
EqG DN Ylstcon g6s.. 1932
Gas A Elec Berg Co c g ds.1049
Hr Rap G L Co 1st g os...1015
Hudson Co Gas 1st g 5s..1949
Kan City (Mo) Gas 1st g 5s 1022
Kings Co El L A P g 6s... 1037
Purchase money 6s
r997
Bd El 11 Bkn 1st con g 4s 1039
Lac Gas Lof St L 1st g 6s.«10l9
Ref and ext 1st g 5s
1034
Milwaukee Gas L 1st 4s.. 1927
Newark Con Gas g 5s
1948
944
83-
Since
January \
Ill’s
95
10*5
Range
or
Migfi Mo
A-O
BeiLev A Car 1st 6s
1023! J-D
Carb A Shaw 1st g 4s...1932 M-S
ChioStLAN O g 6s...1951 J-D
Registered
1051 J-D
Gold 348
1951 J-D
Meinph Div 1st g4s...1951 J -D
St D Sou 1st gu g
4s
1931 M-S
Ind Bi A West See C C U A St D
ind IU A la 1st g 4s
1960 J - J
int A Great Nor 1st
g 6s..1910 M-N
2d gold 5s
1909 M-S
Trust Co oertfs
3d gold 4s
1021
Iowa Central 1st gold 5s.. 1038
Gold 4s
1051
James F A Clear 1st 4s... 1059
t. ai A A G R
see D s A M a
AVan A Mich See Toi A o C
K C Ft S A M
See St D A S F
K O A M R A B Sec st D A S F
Kan C A Paciiio see MEAT
Kan City Sou 1st
gold 3s..1950
Registered
1959
Ref A irnpt 6s Apr 1950
Kansas City Terml 1st 4s 1960
Kentucky uent see DAN
KookADesMo See C R I&P
KnoxviBe A Ohio See So
Ry
105
80
Aek Low
110
101
106
86
80
Registered..
1951 J - J
Spring Div 1st g 34s:..1951 J-J
Western Dines 1st g 4s..1951 F-A
924 974
10141044
6 100
Week**
Range
Last Sale
J-J
J-J
Registered
..1033
Mont ext 1st gold 4s.. 1037
Registered
1937
E M inn N orDivlst
g 4al048
Minn Union 1st
g 6s.. 1022
Mont C 1st gu g 6»....1037
Registered.
1037
let guar gold 5s.....1037
Will A S F 1st gold 5s 1938
Greenbrier Ry See Ches A O
Gulf A S11st ref A t g 5s 61052 J-J
Gold 34s....
1234 1304
90 4
834
c3*4
97
Jan’u2
110
A-0
A-0
A-0
DornsDivAterm g3s. 1951 J-J
Registered
1051 J-J
96 4102
100
103
43 06 41004
4
91
974
904
98
J
-
St
20
2
094
78
85
83*8 83*4
1204
Aug’01
lot
J
1st ref 4s
L N O A Tex gold 4s ...1963 M-N
Registered
1063M-N
Cairo Bridge gold 4s....I960! J-t>
liOUisvDivATermg34s. 1053 J-J
Middle Div reg 5s
1921'F-A
Omaha Div 1st g 3s
1961'F-A
1184
1104
120
Bid
Erie A Pitts See Penn Co
Evans A T H 1st cons 6s. 1921
1st general gold 5s
1042
Mt Vernon 1st gold 6s..1023
SuR Co Branch 1st g 5s. 1030
L'argo A So See Ch M A St P
i- Rnt A Pere M See Pere Mar
FlaCAPenw See sea Air Dine
Fort BtUDOo 1st g 448.1941
Ft W A RioGr 1st g 4s... 1028
4 l&lHarASA See So i'ac Co
' Tal H A
H of 1882 1st 68.1913
Georgia A Ala See oea A Dine
Ga Car A Nor
See sea A Lone
Georgia Paoifio See So Ry
Gila V G A Nor See So Pao Co
Gonv A Oswegat See N Y Cent
Grand Rap A lnd BssPenu RR
Gray’s Pt Term See St D S W
Gt Nor—C B A Q coll tr 4s 1921
Registered./i
1921
St Paul M A Man 4S....1033
1st consol gold 6s
1033
Registered
1933
Reduced to gold 4 4s 1033
Registered
97*4 101
ueb’03
93
037« Sale
934
lot
lo2 4 1014 Dec’iu
103 4 Sait.
102 4
103 4
89 4 Sale
89*8
90
105
98
Feb’Ob
65
79
91
10341114
11141144
1104111*6
113
106
Oct TO
08 4
101
1234
90
46
106
Oct TO
98 4 Dec TO
....
u
Hock Vai 1st consol g 4 4s.1909 J-J
Registered
1999 J-J
Col A H V 1st ext g 4s.. 1948 A-O
Col A Tol 1st ex 4s
1055 F-A
Houst E A W Tex See So Pac
Houst A Tex Cen See so Pac Co
I Rinois Central 1st
g4s.. 1951 J-J
1 Registered
1951 J-J
1st gold 34s
1951 J-J
Registered
1951 J-J
Extended 1st g 3 4s
1951 A-0
1st gold 3s sterling
1051 M-S
CoR Trust gold 4s
1952 A-0
99
1114114
LOO
Price
Friday
Dee 30
Han
A St JoSeeSee
ousatomo
N CBAq
Y N H A JR
Dak
A AGtWaco
So seeSee
CM
P
alias
MA
K St
A T
Del Hack A WesternMorris A Essex 1st7s...1914 M-N
1st consol guar 7s
1915 J-D
Registered...........1915 J-D
1st ref gu g 3 ‘as
2000 J -D
N Y Hack AW Ist6s...l921 J-J
Construction 6s
1923 F-A
Term A improve 4s....1923 M-N
Warren 1st ret gug 3^8.2000 F-A
Del A Hud 1st Pa Div fs.1917 Ai-S
Registered
1917 M-S
T3
©
~
High] fifo Low High
J’ly’10
12341274 120*gMay’09;....
J-J
A-0
BONDS
N. Y. STOCK EXCH ANGE
Week Kndino Deo 30
Range
s
or
Lout Sale
Ask Low
123
123 4
M-N
Weekft
Range
[VOL. LXXXXL
Due May
h Due j’ly
1024 Salt
87*8 6aie
102
102 4
9941034
864
87^
11040ct TO
1U04 Mar’10
1114
80
110
97 4 J’ly’09
02
924
1164 117
100 4
92
09
I0l*b
102*4 104*1- 102 4 Dec’io
100*4 163
00
ioiP 1004
1014 105
08
101
104
1024 1044
L004 102
NovTO
NovTO
Mai’10
DeoTO
00
00
101
09
98
Aug’lo
08
101
105
100
93
Alay’05
Oct TO
103*4 DeoTO
q
21
101
00
101
100
110
1004102*4 104
ic Due Aug
91
03
1164 119
1164 Aug’10
lUl*fc 101*8
874
1114
1004 1014
Due Deo
3
*9*3"’ "os'4
100
Option 6
104
Dec.
1755
Record—Continued—Page 3
New York Bond
311910.]
—
■n
BOND.-*
N. Y. STOCK BXOHANHE
Wbkk Kndinc-* Deo 30
ASA Lou
Bta
Long Island—(Con)
gold 4b
1949 M-8
Bklyn <fe Mont 1st g 6s..1911 IV(*S
1st 5s
1911 M-8
N Y BAM Blstcong5sl935 A-O
N Y & B B 1st g 5s
1927 M-S
Nor 8h B 1st con g gu5s ol932 Q-J
Louisiana & Ark 1st g 5s. 1927 M-S
Looisv & Nashv gen g 6s. 1930 J-D
Gold 5s
1937 M-S
Unified gold 4s
1940 J-J
Registered
1940 J-J
Sink fund gold 0s..
1910 AO
Coll trust gold 5s
1931 M-N
Gonr ref
E H A Nash 1st g 6s....1919
L Cin & Lex gold 4 %s...l931
NOAM 1st gold Os....1930
N O A M 2d gold 0s
1930
J-D
M-N
J-J
J-J
PensacolaDiv gold6s...1920 M-S
St L Div 1st gold 0s
1921
2d gold 3s
1980
Ati Knox A Cin div 4s.. 1955
Atl Knox A Nor 1st a 5sl940
Header Bdge 1st s f g 0s. 1931
M-S
M-S
M-N
J-D
M-S
Kentucky Cent gold 4s.. 1987 J-J
LAN A M A M 1st g 4 %s 1945 M-S
LA N-South M joint 4s. 1952 J-J
N Fla A S 1st gug 5s... 1937 F-A
NACBdgegengug4%s1945
J-J
Pens A At! 1st gu g 0s..1921 F-A
SAN Ala con gu g 5s.. 1930 F-A
LA Jett Bdge Co gug 4s.. 1945 M-S
LNAAOh /SOCIAL
M ahon Coal bee L 8 A M S
iTAanhattan By consol 4s. 1990 A-0
Registered
1990 A-0
8tmpd tax exempt.. 1990 A-0
lIoK'pt A B V bee N Y Cent
Ilex Cent cons g 4s
1911 J-J
1st cons mo g 3s
al939 J’ly
2d oons ino g 3s trust rects
Ilex Internal 1st con g 4s. 1977 M-S
Stamped guaranteed... .1977
Hex North1st gold 0s....1910
Mich Cent bee N Y Cent
Mid of N J bee Erie
Mil L 8 A W bee Uhlo A N W
MU A North bee Ch M A 8t P
Minn A St L 1st gold 7s.. 1027
Paoifio Ex 1st gold 0S...1021
South West Ex lstg 7s.l0lO
1st oonsol gold 5s
1034
l&t and refund gold 4s.. 1949
Des M A Ft D 1st gu 4a...’35
Minn A St L gu bee B C RAN
M-N
M-S
Trust gold 5s stamped.al917
F-A
M-N
M-S
J-J
A-0
M-N
F-A
A-0
M-N
M-S
J-D
M-S
M-N
M-S
al917 M-S
1920 F-A
Registered
1st coli gold 5s
40-year gold loan 4s
M-S
1938 M-N
1969 M 8
F- A
1945
8d 7s extd at 4%
1st A ref conv os
Cent Br Ry 1st gu g 48.1919
Oen Branch U Plstg4s. 1948 J-D
Leroy AC V A List g 5s 1920
Pao R of Mo 1st
ex g
J-J
48.1938 F-A
J-J
A-0
A-0
J-J
M-N
M-S
J-J
J-D
2d extended gold os...1938
St L Ir M A Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified A ref gold 4s.. 1929
Riv A G Div 1st g 4s.. 1933
Verdi VIA W 1st g 5s.1920
Mob J A K C 1st cons g os. 1953
Mob A Ohio new gold 0s..1927
1st extension gold 0s../il927
General gold 4s
1938
MontgomDiv 1st g 5s..1947 F-A
St LA Cairo ooU g 4s..sl930 St**1
Guaranteed g 4s
1931 J
MAO coli 4s bee Southern
Mohawk A Mai beeN Y C A H
£•
January 1
No
106
.•••«•
......
------
------
Apr’07
....
97% Nov’10
113
104% 100
97%
....
100 •<» Dec’09
107 % Sep ’10
116
Oot ’10
104% Deo’lO
....
107
....
122 *3
121% Nov’10
117
ll8% Now’lO
100
109
106 % Nov’iO
113
113
Sep’10
7iH
71
May’09
91
02% 93% Sep ’10
103
•••
106
118% 118%
106% 110%
113
114
....
...»
....
....
110
121% 125%
*•••
....
97%
111% 116
....
•
—
112*s 115
112
Dec'10
103
110
94
103
Jan’09
94
Dec’10
94
....
*04%
**01*’*%*%
110
102*«...
88*3 89*4 b8%
82%
107*3 H2*s 112 %No?’10
98*3
....
92
94
97%
104
90%
08%
98%
99% 100
....
98
Apr’05
70
93% 08%
04% 99%
10
77
79
96% 99%
27% 31%
•••
76
79
100
....
100
i00
2
20
99%
•
132
118 Jan’07
100*
107*4 108
74
74
92
87
•
•••
•
•••
131
....
67 %
87
....
Sale
78% 79%
85% Sale
79% Sale
89%
109
105
90
.
89%
113% lli
109
109
i
85%
00%
7b% 79%
....
....j 100% 105%
105
16 107
_
lo9
111
102%
00% 00%
100
102%
21 75
81%
....
....
70
75%
108
2 1U0
101®
99
Mar’l
L01 *4 Deo’l
Sals
1
105
....
108% 10^% 109
101
101% 101%
76
81%
01%
:.... lu5
105
4
80% 03%
113
100
103
108%
Dec’10
_
101
78%
83%
....
107% 107%107%
102% 103 104
~
104
104
132
96% 100
87%
1
82
8 100
102
79%
101
15
93
89%
79 :
86%
100
96% 100
08% 08%
....
102
79
102% 109
• •••
97%
97%
83%
101*4
101%
77
ioo%ioi
....
....
97% Sale
82*» 83%
310%
109% 114
88% 04
..
rf
106 %
88% 02
106% 112%
110%
No
Oct ’10
110
....
*97*%,
180
101
102
8
il0*4 Oct ’lu
110*3
110*3 114
112
i *04
•* •
..
08%
*uT% sale
16
2
91%
92
92
85
87%
92
110
08% ,00%
lio
109
110
103% 100% 100%
♦ 100%
ill
1
S3
83% 83%
85
Sals j 84
83%
109%
...
no
86
90
05
87%
....
06%
....
110
&
81
iod%
113
! 27 105% 110
!
84
85
20
;
lii
....
115%
84
i
12i%
114%117%
2
84
107
in::
,
04
....
00
109%
06
J-J
1928
1931
Ka A A G R 1st gu o 5s. 1938
Mahon CT RR 1st 5s..1934
Pitts A L Erie 2d g 59.al928
Pitts McK A Y 1st gu 08.1932
2d guards......
1934
McKees A B V 1st g 0s 1918
Mich Cent 5s
1931
Registered
1931
4s
1940
1940
Registered.
J L A S 1st g 3%s
1851
1st g 3 %s
1952
20-year deb 4s
1929
Bat C A Stur 1st gu g 3s.l989
N Y Chic A St L 1st g4a 1937
Registered
..1937
Debentures 4s
1931
M
M-N
J-J
J-J
A-0
J-J
J-J
J-J
M-S
U-M
J-J
J-J
M-8
M-N
A-0
J-0
A-O
A-O
M-N
West Shore lst4sgu...230i J-J
Registered
2301 J-J
N Y A Green w Lake bee Erie
N Y A Har bee N Y 0 A Hud
N Y Lack AW bee D L AW
N Y L E A W See Erie
N Y A Long Br bee Cent of N J
N Y N H A H—Conv 6s.. 1948 J-J
Conv deben 3%s
iy56 J-J
Housatomc R con g 6s.. 1937 M-N
N H A Derby con cy 58.1918 M-N
N Y A North See N Y u A H
N Y O A W ref lstg 4s..gl992 M-S
Regis 35,000 only
</l992 M-S
N Y A Put bee N Y C A H
N Y A R B bee Long Island
N Y S A W bee Erie
N Y Tex A M See So Pao Co
Nor A South 1st g 6s
1941 M-N
Norf A West gen g 6s
1931 M-N
Improvem’t A ext g 0s..1934 F-A
New River lstg0s
.1932 A-0
N A W Ry 1st oon g 4s.1996 A-O
Registered
1990 A-O
Div’i lstlAgeng4s...l944 J - J
10-25 year conv 4s.... 1932 J-D
Pocah C A C joint 4s..1941!J -D
COAT 1st gu g 5s
1922 J-J
Solo VANE 1st gu g 4s 1989 M-N
North Illinois bee Chi A N W
North Ohio See L Erie A W
Nor Pao—Prior lien g 4a..1997 Q J
Registered
1997 Q J
General lien gold8s....a2047 u-F
Registered
a2047 U-F
St Paul-Dui Div g 4s....1996 J-D
Dul Short L 1st gu 6s.. 1916 M-8
C B A (jcoiltr4s &e*GtNor
St P A N P gen g 0S....1923 F-A
Registered eertifio’s..l923
n
St Paul A Dul 1st 5s....1931
2d 6s
1017 A-O
1st consol gold 4s
1908 J-D
Wash cent 1st g4a
1948
Nor Pao Ter Co 1st g 6s.. 1933
Nor Ry Cal bee so Pao
Nor Wis bee C St P M A O
Nor A Mont bee N Y Cent
J-J
A-O
J-J
J-J
J-J
1st oonsol 4s
1951 A*0
New HAD bee N Y N H A H
NJJnnoRR bee N Y Cent
N Y Bkln A Man Boh bee LI
N Y Cent A H Riv g 8 *38.1997 J-J
Registered
1997 J-J
1934 M-N
Lake Shore ooUg 31as...l998 F-A
1998 F-A
Hi
■^cq January
Jiigfl
82%
79% 80%
07
98%
08% 98%
78
79
Deo’lO
«0% Deo’lO
79%
08% Deo’lO
98% No*’lo
08%
98%
106%
80%
1
So Low
b tfir/i
ASK Low
Bui
J-J
J-J
A-0
Cart A Ad 1st gug 4s...1981 J-0
Gouv A Oewe 1st gu g 5s 1942 J-D
Moh A Mai 1st gu g 4s.. 1991 M-S
N J June R gu 1st 4s...1980 F-A
N X A Harlem g 8%s...2000 M-N
N Y A North 1st g 5s...1927 A-O
N Y A Pulstoongug4s 1993 A-O
Nor A Mont 1st gug 58.1916 A-O
Pine Creek reg guar 0s. 1932 J-D
R WAOoonlstext5s.A1922 A-0
Oswe A R 2d gu g 6s...«1915 F-A
RWAOTRlst gug 68.1918 M-N
Rutland 1st oon g 4%s..l941 J-J
OgALCham 1st gu 4s gl94 8 J-J
Rut-Canad 1st gu g 4S.1940 J-J
St Law A Adlr 1st g 5s. 1996 J-J
2d gold 0s
1996 A-O
Utica A Blk Rivgug4s.l922 J-J
Lake Shore gold 3%s....1997 J-D
Registered
1997 J-D
97% Apr’09
97
03
09% 98%
100
105
93
108
97% 08%
98% 99%
J’ne’10
out
’02
03
Aug’10
05%Not’1O
| 05% 08%
131% Jan*’0*9
107
110
102
108
ib*7*‘ iio”
101% Deo TO
106
104
Jan ’08
J’neTO
104
102% Feb TO
05
82%
103
110
100
....
88%
90%
88%
89%
84
Oct TO
02
j'ue’09
J’ne’09
Feb’08
Nov’ 10
115
125
100
93% Sale
110%.....
104
101% 102%
80% 01%
1
.
.1
90%Deo’10
88% Deo TO ...J
93%
93% 38,
03%
93% 177
03 % Sale
03%
Oct ’09
100 102
80% 02%
88
02
02
02
05%
06%
’07
Deo’09
130% Jan ’09
109
100
110
100
122%
oet
120
107
109%115
108%
97
00
98
98%
00
85
86
88%
92%
91%
100
98%....
99 %
Deo’lO
Dec’00
J’neo8
Deo’lO
01%
02
00%
00%
Deo’09
91% Oot TO
101
101% 101
101%
Deo TO
100
100%....
1
....
*6i
99
99
86
80
90
02%
07 %
4
100
91%
133% Sale
100% bale
112
101%
L12 %
L07
133%
100%
Oot TO
Aug’00
95%
95%
133%
100%
96
05
110% 110%
110% Oct TO
100
t
ibo%
90
”n
92
09% 102%
98% 100%
•••a
16 130% 185%
00% 103%
112% ID*
68
...
95
15
98
101 % J’ne’00
100%
126
124
128
101
125
120
123
May’10
Deo’10
100
Mar’10
02% *93%
100% bale
88% 90
May TO
00% *0*9
Apr TO
03%Deo’lo
100% 101% 727
4
88%
88%
104
106
122% 125
00% bale
09
96% 100
97
97
97
00%
80
101%
120%
124% 126%
123
124%
Nov’ 10
100% Sale 100%
99
100% 09
70% 70% 70%
70
■*96*’
1*1
80%
06%
101
91
»4%
80%
90%
104%106
94
00%
99
81
80
18
09
71
102%
98% 101
00% 74
09
72%
96% 97%
99
09
Deo’10
00%NovTO
110%
110
100%
10L
82
91
111%
93%
108%
00
Feb TO
116
117
Deo TO
Feb TO
...'116% 118%
110
J’neTO
Oot TO
...110
108
...117
117
no
103
103
103%
06% 80% Apr’io ,...! 90% 97%
92% Nov’lU
I 92% 92%
...
...
lll%Deo!lO
110% 111%
104% Deo’10
102% 108%
102
102
Ulna AW bee C C C A St L
pao Coast Co 1st g 6s....1940
Rys of Mexpr 14%s 1957 J-J
Guar gen 4s
1977 A-O
N at of Mex prior lien 4 ‘as. 192 0 J-J
Registered.
Beech Creek 1st gu g 4s.1930
Registered
1930
2d gu gold 5s
1980
Beech Cr Ext 1st g 3 %s 61951
Debenture g 4s
25-year g 4s
Last Sale
Dee 30
J-D
X
Nat
Deben g 4s
Range or
hio Riv RR bee Balt A O
Ore A Cal bee So Pao Co
Ore Short Line bee Un Pao
Oswego A Rome bee NYC
Monongahela Riv bee B AO
Mont Cent bee St P M A M
Morgan’s La A T bee S P Co
Morris A Essex bee Dei LAW
ash Chat A St L 1st 78.1913
Is 1st oonsol gold 5s
1928
Jasper Branch 1st g 6s..1923
MoM M W A A11st 0s..1917
TAP Branoh 1st 0s....1917
Nash Flor A Shef bee LAN
Weekfs
Iriday
80
82% 87%
102% 102%
IIII
90
84
109%
75
84% 94
01%
....
08
119% 121
115% 117
80
-
_
Price
N. Y. STOCK EXCHANGE
Week End ino Deo 30
High, N Y Cent A H R—(Con)
Mich Cent coll g3%s....l998 F-A
94% 100
1998 F-A
Registered
1
101*4 Sale 101%
101% 10 101% 104
1
94
95% 96%
953«
06% 90
114*8 U5*a 116 Deo’lO
112% 110%
6 111% 114
110
111%
111%
98 % Sale
98%
98% 123 96% 100%
108
110
BON DS
Low
110% Nov’06
103
101 *4
J-J
Minn Un bee BtPM AM
Mo Kan A Tex 1st g 4s...1990 J-D
Since
mmnm
M-S
J-D
J-D
A-0
J-D
Range
So
V
00
901s 907»
MStPASSMcong4mtgu'38 J-J
M S S M A A 1st g 4 int gu 1926 J-J
2d gold 4s
01000
1st ext gold 5s
1944
1st A refund 4s
2004
Gen s f 4*28
.....1930
St L Div 1st ref g 4s
2001
Dal A Wa lstgn g 6s...1940
Kan C A Pao 1st g 4s... 1990
Mo K A K 1st gu g 5s...1942
M K A Ok 1st gu 58
1942
M K A T of T 1st gu g 58.1942
Sher Sh A bo 1st gu g 5s. 1943
Tex A Okia 1st gu g os... 1943
Mo Pacific 1st con g0s ...1920
Weekfs
Range or
Last bate
Prioe
Friday
Dee 30
100% 107
106%
110
110
Sale
106%
100%
83
llo
|
108%
113
94% 94%
87% 90
100% 104
106% 110%
5 108% 110%
....116% 116%
1 108% 108%
4
•
....
88
88
26
1 10
i?i nx
100%
102%
....
83%
82
....
89
93% 93%
80% bale
78% Sale
08%
••••••
1
04%
89% Sale
•••••
24
<28
82
47
80%
8
78%
78%
86
87% 99
30% 90%
92
95%
!
82%
!j 79%
78
80%
ao of Missouri
bee Mo Pao
Penn RR 1st real est g 4s. 1923 M-N
Consol gold 5s
....1919 M-S
Consol gold 48
1943 M-N
Convertible g 3%s.
1912 M-N
Convertible g 3%s
1916 J-D
Consol gold 4s
1948
Alleg Vai gen gu g 4s...1942
DkaltA Bge1st gu 4s g.'30
PhiiaBai A W 1st g 4s.. 1943
Sod Bay A so 1st g &S...1924
U N J RR A Can gen 4S.1044
Penn Co—Guar 1st g 4%s.l92l
Registered.
1921
Goal 3%s coli trust reg. 1937
Guar 3 %s ooli tr ser B...1941
Tr Co oertif’s gu g 3%s.l916
Gu8%strotfsO.........1942
MN
M-S
F-A;
M-N
J-J
M-8
J-J
J-J
M-8
F-A
M-N
J-D
Gu3%str otfs D.........1944 j
JU1SCELL 4NEOUS BONDS-Continued
on
105
103
110
103%
99
*9*9%
Aug’10
100% Jan’00
108%
103%“ 103% 11 102% 106
08
09%
9
*18
102% D>3% 103% Deo’lOj
7 100% 100 " Cot TO
94%
101%
101% Deo TO IIII
100
10*3
jan’03
103% May TO
108
103% 108% Deo’10
102 %
- 108% Feb’10
90
87
Aug’10
90
88
89%
89%
3
97
98% 07% Dee TO
87
Aug’10
87% 80%
90% 91 Dee’09
esee
....
....
....
....
97% 102
94% 97
101% 104
100
*
102%
ioi% ioHJ
•*••••
•••••e
103 104
103 100
103% 103%
90
00
83
91%
05% 98%
•7
90
Noxt Page
Coal and Iron
Buff A Susq Iron s i 5s....1932 J-D
Debenture 6s
a 1926 M-8
Ooi a A 1 Co gen s f g 6s.. 1043 F-A
Convertible deb g 6s....1911 F-A
QolIndulstA coll 6s gn..l034
Oontin’tal 01st s t guosg.1062
Gr Riv Coal A O 1st g 0S..1919
Jeff A Clear C A11st g 6s.1926
JCon AHCAClstsfg 6s. 1961
jPooah Con Collier 1st a f 6s.’57
Sunday Creek Co g 5s....1044
Tenn coal gen 5s
1961
Tenn Div 1st g 6s
«1917
F-A
F-A
A-0
J-D
J-J
J-J
J J
J-J
A-0
Birm Dir 1st oonsol 6s..1917
Oah C M Co 1st gu g 08.1922
kfteBarOA I Co gug 6S.1910 F-A
Viotor Fuel 1st s tos
1953 J-J
Voiron Coal AColst g 6S.1949 M-S
96
90
03% 98
07%
99%De.
75%
77%
99% 100
76%
73
107 ' May*97
105% Deo *06
*w9** mu
85
i'04
105
De
Sale
U3
—
78
Feb *07
108%
104
106
105
10«%DeoT0
94% 96
|
110
100
ji
■—
Jon TO
»7
Aug’09
93
Deo TO
*No prioe Friday; latest bid and asked. aDusJon b Dus Fsh
2
-v.
9d
96
93
101
99%
70
16
IIII
•<J
•••••»
82%
ammmmm
••••••••••••
•
**48 ib*8** 1*04%
107
109% 107
8 103
•
•
•••
•
•
100"
100
....
•&4%ioo”
«
Am Oot Oil ext 4%s.......l916
Am Hide A L 1st s f g 6s.. 1919
Amer Ioe Seour deb g 0s.. 1926 A-0
Am Spirits Mlg 1st g0s..l915 M-8
2:f
Thread 1st dot tr4s..l0l9 J-J
Am Tobacco 40-yr g 0s.... 1944 A-O
4s.
w.1961 F-A
Am
•••••
*83** *83*
•
A Industrial
AUls-Ohslmers 1st 5S.....1986 J - J
Am Ag Chem 1st 0 6s..... 1928 A-O
Seth Steel 1st ext sf 6s..1926 J-J
Jent Leather 20-year g 6s. 1026 A-O
Consol Tobaoco g 4s
1951 F-A
Corn Prod Ref s f g 5s...,1981 M-N
1st 26.yeorst 6s.
1934 M-N
OubasuAmer Sugar can tr 6s ^*18 A.O
Distil seoOoroenv 1st g 6s. *27 A-O
Bus May g Dus J*ne
J-Dj
A Bus J*ly JUhue Aug
•
73% 77% 78
2
76
9
102%
102% 102
00% Deo’10
07% 98
96% Sals
96%
96% 11
65
06% 66 Deo’lO
I
97
96
DeoTO
98
92% Dee’lQ
92% 98
106 % Sals 104% 106% io^
80
80 8als
80% ION
89%
80% SOM
80% 94
09% dale
99%
90% 77^
102
^
it1*
07
lu*
97%
•6%aal*
......
99
77< Softs
82
Bus Bet
86
80
97%
96
09
77
68
NavTG
97%
99%
71
10$
84%
108
98% 99%
92
69
94
89
102
Ifh
161
99
104%
10|
97
109
76% (II
Deo *10 ...J
»s
96
77%
Deo'lo
•7
88
B
ft*
ft
8|
1756
New York Bond
Record—Concluded—Page 4
[Yon. lxxxxi.
—
BONDS
N. Y. STOCK EXCHANGE
Week ending Dec 80
Price
Friday
S la
Guar 15-26 year a 4s....1931
Cl A Mar 1st gu g 4 Vs..1935
C1& P gen gu g 4 VS ser a.’42
Series B
1942
Series C 3 Vs
1948
Senes D8V«
1950
Erie A Pitts gug 3 Vs B. 1940
Senes (J
1940
GrRA l ex 1st gu g 4 Vs 1941
Pitts Ft W A Cist 7s...1912
2d7s
.1912
3d 7s
Pitts ¥A Asli 1st
AO
M-N
J-J
A-O
J-J
J-J
J-J
Philippine By 1st 30-yr si 4s’37
11034 Jan ’09
10934 J’ly ’09
104
107*4 107
ibov
107*4 10?
sale
9«V
93
00V
113
115
69
no
86
91
Get '09
Hec’10
109
109
14 107
107V
103 *a 107*4
31 106 *a 106 Hi
...
107
Oct’lO1
69*4 Deo’10
...
103
103
112
.
Heo’10
101
102
89
98*4
94
...' Ill Hi 112Hi
112
90*2
96
67
79
..'100
IO8H1 Sep ’lb
....
92V
104 Hi 106
104*4 1051**
Feb’10
Oot ’10,.
100’* loll* 101
101
Nov’10!
Apr ’04!
10634
106V
08 V Dec’*0 ...;i 97*4
2 | 90*4
91*a
9l*a
112
96
96
.
Aug*09
May’08
112 V Hec’lu
107V....
93*4
....
1104*4 Nov’10
!107 Oct *08'
1109
May’10
107
iu7
Cm A St L See Penn Co
Pitts Cleve A Tol See B A O
Pitts Ft W A Uk See Penn Co
Pitts McKees A ¥ See N Y Cen
Pitta Sli A L E 1st g 5s...1940 A-O
1st consol gold 6s
1943 J • J
Pitts A West See B A O
1> eadmg Co gen g 4s
1997 J-J
.1997 J-J
g 4s...1951 A o
96
95
90
93
923s
93
98*4
106 V 104 *a
104 V
10334
J-J
Sigh Ro Low High
94Hs 99
106
106
90
90
104
104
N. Y. STOCK EXCHANGE
Week Ending dec 30
!January
100»4
90v
91*4
J j
J-J
Since
or
Last Sal*
98»4
BONDS
Range
98 V Heo’10
110
Jttu’05
.
LvRegistered.
Jersey Cent coll
Range
ASH Low
08 V
M-N
F-A
A1912 A-0
oon 68.1927 M-N
PCC AStLgu4VaA...l940 A-O
Senes B guar
1942 A-0
Series C guar
1942 M-N
Senes D 48 guar
1945 M-N
Senes E 3 V guar g....l949 F-A
Series F 4s guar
1953 J-D
C St L A P 1st con g 5s. 1932 A-O
Pensacola A Atl See L A Nash
Peo A East See C C 0 A St L
Peo A Pek Uu 1st g Os.... 1921 Q-F
2u gold 4 Vs
61921 M-N
PereMarquette—Bel 4s.. 1955 J-J
Cll A W A1 5s
1921! J -D
Flint A P M g 6s
1920 A-O
1st consol gold 6s
1939 M-N
Pt Huron Hiv 1st g 5s. 1939 A-0
SagTus A 11 Istgug 48.1931 F-A
Phil B A W See Penn KB
Pitts
Week’*
Dee 30
Pennsylvania Oo—f Con)
—--
**
I
IS-Si
102*4
108H* 112*4
..
101
1, 101
..'
Deo’iO
80 V J’ly’10
....
101
88
101
106
90
tsl
98
♦
Rensselaer A Sar See 1) A H
Bicli A Han See South By
Rich A Meek See Southern
Rio Gr West See Hen A Bio Gr
Rocli A Pitts See B B A P
Rome Wat A Og See N Y Cent
m^sroT’io
937* J’iy’97
Sale
9s V
112
110
98
Nov’10....
97Hi! 97**
98
16
97*8
07
95
96
112*8
so Pac Rft 1st ref 4s
1965 j.j
Southern—1st oon g 6s
1994 J-J
Registered
1994 J-J
Develop A gen 4s Ser A. 1956 A-0
Mob A Ohio ooll tr g 4»..1938 M-S
Mem Hiv 1st g 4*2-68—1996 J-J
St Louis div 1st g 4s....1951 J-J
Ala Cen B 1st g 6s
1918 J.J
Atl A Danv 1st g 4s
1948 J-J
2d 4«
1948 J.J
Atl A Yad 1st g
guar 48.1049 A-0
Col A Greenv 1st 6s
1916 J.J
E T Va A Ga Div g 6s..1030 J-J
Con 1st gold 5s
1056 M-N
E Ten reor lien g 6s
1938 M-S
Ga Midland 1st 3s.......1046 A-O
Ga Pao By 1st g 6s
1922 J-J
Knox A Ohio 1st g 6s...1925 J-J
Mob A Bir prior lien
g 5s 1945 J-J
Mortgage gold 4s
1945 J-J
Rich A Dan oon g 6s....1916 J-J
Deb 5s stamped
1927 A-0
Rich A Meok 1st g 4s...1048 M-N
So Car A Ga 1st g 6s....1919 M-N
Virginia Mid ser C 6s...1916 M-8
series H 4-6s
1921 M-S
Series E 5s
1926 M-S
General 6s
1936 M-N
Guar stamped
1036 M-N
W O A W 1st cy gu 4s.. 1924 F-A
West N C 1st con g 6s..1014 J-J
SAN Ala See LAN
Spokane Internat 1st g 6s 1955 J-.
f er A of ttt L 1st g 4 vs.. 1030 A-O
J- 1st con gold 6s....1804-1044 F-A
Gen refund s I g as
1053 J-J
100
98*4
98*4
St L M Bge Ter gu g 68.1930
Tex A N O See So Pac Co
Tex A Pao 1st gold 6s
2000
2d gold ino 6s
o2000
La Hiv B L 1st g 6s
1931
W Min W A N W 1st gu 5s ’JO
Tol A O C 1st g 6s
1935
Western Hiv 1st g 6s...1935
General gold 5s
,....1935
Kan A M 1st gu g 4s.... 1900
Tol P A W 1st gold 4s....1917
ToiStLA
Range
Deo 30
A-O
J-H
Mar
J-J
F-A
j.j
A-O
J-H
A-0
j.j
WprUeng3Vs.l925 J-J
b tu
04
Last
ask
sale
107 **b sale
76V
04*
107*
110
75 V
83 V
108
85
107 V
sale
84
00
108 V 110
86
87
107
00
82
Low
*s
82V
106V
or
Sale
Rang*
Since
oqc<3
January 1
Sign Ro Low Sigh
94* 108 93V 95V
20
107 V
103** 111*
May’00
76 V ini 73
81V
84 V 10.I 83 V 90V
Sep *io ...J 106 110
Hee’lO ....'] 80V 87
1
Nov’l 0
107 V 107 V
03
Nov’lO
89V 93V
82 V OCt ’10
82 V 82 V
90 V
V
I
I?
Week’s
Friday
7
lltV
Price
106V Nov’10
...106V 106 V
107 V 109
110
JbeO’lo
106
109 V nov 100 X,
109 V 10 109
10IV 106 V! 104* Nov’10
67 | 66
Nov’09
iYsT*
113 V *4
713
110
...Jll6 Nov’l O',
114
105 V
106 V Nov’lO
82
Nov’OS
104 *v 108
105V oct ’10
110
...
,
114V
...|;L04«s 106
i'll*V
...J 105 V 105 V
105V Nov’lu;
71
75
103 V
105*
86
104 V
103 V Sale
106 V
110
98
V1
104Vi
2
102V
103 *>«(
104*4 Oct ’10
nov nov
4
,
..
it
91V
104V 106 V
101V 103 V
1U4V 107 V
1 100
115V
Deo 10. ..'I 96
98V
Nov’10'. ..'100 109V
..
.
mv
14 108V
..J
Mai’10
Sep ’09
106 V Nov’04
109
100 1i
112
Sep’00
00
92*2
89 V
76
sale
81
82
86 V
104
104*
70
103
109 V
loo v 110
102
il
..105 V 107 V
..! 105V 105 V
I 91
91
nov
85
98 V
107V
Hec’U9
Nov 10
105 V Nov 10,
91
Feb’10
98
107 V108 V 109
Ill V Sale
105
Oot *08
107V
105V
107
105 V
luo^
byv
...
103V Dec’10
112
Oct ’06
108 V Heo 06
lu6V
103 V
98
iiosv ioe v
.III
104*g
113V
116
...
,
101
Dec’10
04 V Mar’ld
70
70
2 1 106
....!
112 V
00
104 V
00V
01V Heo ’10
01V
87
112V
94V
93V
90
Aug’lQ ,....! 87
1960 A-0
70
74V
0
81
75 I
1917 F-A
82 V Hec’101 ....' 80V 86V
67
89
87
Heo’10.... 87
Tor Ham A Bud 1st g 4s./il046 J-H
94
89
J’ne’10
87 V 91
St L A Cairo See Mob A Ohio
J-H 106 V
106
106
3 100
106
1st refund g 4s
83 V 86
A-O
1962
’09'
86
Oot
tLMBr See T BB A ol StL
Un Pao BRA i gr g 4s ...1947 J.J
lOO V sale loo V
109
lo IV
00V 102
itLouls A SF—Geng 6s.1931 J-J 118*2120 V 120 Apr’10
120
124
100
Registered
1947 J-J
100
Heo’lo
08 V 101V
General gold 6s
1931 J • J
107V Sale 107»« 1074
7 106
103 V Salt* 103V
108V
20-yr
conv 4s
J-J
1927
76
101
103
116 V
V
St L A S F BB oons g 4s..’9U J-J
90
9U*4 89*4 Deo‘10
1st
A
ref
4b
06
bale
89*4 on*
06 V
U7 j 68, 05
p2008 M-S
08 V
Gen 16-20 yr os
86 7« Sale
1927 M-N
Ore By A Nav con g 4s. 1046 J-H
86*4
80 V 84 84
97
»0
sale
08 V
067»
97 I 20 04
Southw Hiv 1st g 6s..1947 A-O
99*2
00
Ore Short Line 1st g 6s..1922 F-A 114V sale 114 V
99*4 Oct ’10
100*4
114V 24 U3V 117
Refunding g 4s
80** sale
1961! J-J
80*4
1st oousoi g 5s
80*4 20 78 *a 86
111V
j.j
1946
112V
111V
111V 10 108 V 113 V
K C Ft S A M Cong Os..1928 M-N 116** Sale 116*t
3 114
Guar refund 4s
116*8
03 V sale
117*a
1929 J-D
03
03 V
26 01
04 V
K C Ft S A M By re! g 4s 1936 A-0
76H» 77*4 77 *2
4 76
77 H.
82 V
J-D
Registered
1929
04
Jan’00
KC&MBAB 1st gu 6s. 1929 A-O 100
100*4 Hec’00
Utaksb Nor gold 6s.. 1926 j.j
106
107 V Dee’00
Oz’rk A Oh C 1st gu 6s g.1913 A-O
97*8 98
97*8
97** 15 06V 98V Uni N J BB A COo See Pa KB
Utah Central See Bio Gr Wes
t L S W 1st g 4s bd otts.1989 M-N
89*2
89*8
88
93V U tah A N ortk See U n Pacific
2d g 4s mo bond otfs...pl880 J-J
82*2 Heo’10
70
82 V Utica A Biaok B See N Y Cent
Consol gold 4s
76
Sale
1932
74
75*4 22 72 V 79 V
F-A
08
Noy’08
1
Gray’s PtTer Istgug 6s 1947
96**...... 101 *t Apr’07
era Crux APlst
gu 4 Vs 1934 J-J
06
96
Apr’10
06
St Paul A Dui See Nor Paoillo
Ver Val ind A W see Mo P
St P Minn A Man See Gt Nor
Mid
South By
Virginia
See
rtt P A Nor Pao
See Nor Pao
Va A Southw’t 1st gu 58.2003 J-J
108 110 V no
no
2 106
108
St P A S’x City See C St P M AO
1st cons 60-year 6s
93
95
1068 A-0
06
05
2 | 94
S AAA Pass Istgug 4s... 1943 J-J
08 V
86*4 Sals
86
8
86*4
88 V 88 V
M-N
108V
100
V
108V
10#
18
10/
113
B F A N P 1st sink 1 g 5s.l919 J J
V
99*a
104
Oot ’09
2d gold 6s
98 V sale
F-A
1039
98
V
98
88
6
103
V
V
Sav F A West
See Atl Coast L
Debenture series B
100
1030 J-J
86
J’ly’10
...I
86
86
Scioto Vai A N E See N or A W
1st lien
07
M-S
I
V
1U0
00
equip s fd g 6s.. 1921
Hee’lO'
09
102
seaboard A L g 4s stamped ’50 AO
84 7s Sale
1st lien 50 yr g term 4s. 1964 J-J
81V 86%
83
Heo’ 10 ...J 83
00
Coll tr refund g 6s ......1911 M-N 100
100*8
1 09
1st ref and ext g 4s ....1056 J-J
1U0V
68 V saic.
63 V
64
vi
87 66V 77V
Adjustment 6s
©1949 F-A
76V sals
Het A Ch Ext 1st g 5s..1041 J-J
76*a
77
67! 60V 78V
108
108V
I08V
losV
2
105
Atl-Brrm 30-yrlst g 4s.«1933 M-S
107V
2
84** 85
Hes Moin Hiv 1st g 4s.. 1939 J-J
85V
86 V
80
87
83
Hec’091
Car Cent 1st oon g 4s...1949 J-J
91
02
Oot'10 ....' 91
Om Hiv 1st g 3Vs
02
1941 A-O ♦74
75 V
V
75
72
v
77
Fla Cen A Pen Istg5s.l918 J-J
101*8
103
Tol A Ch Hiv 1st g 4s... 1941 M-S
Apr’10
103
103
83
Sep ’10
83
00
1st land gr ext g 5s ...1930 J-J
101V ......
Wab Pitfs Term 1st g 4s. 1954 J-H
48
V Heo’10
33
52 V
Consol gold 6s
1943
101*2 104 104
104
Trust Oo certfs
46V
sale
46
V
46 V]
2 32
64
Ga A Ala By 1st oon 6s ol945
104
106 H 106*8 H««’10
2d g#ld 48
iOi
106*8
1954 J-H
7
6V HOO’IO
4
GaCar A No Istgug 6« 1929 j.j
UV
103*8
Trust Co certfs
104 J’Jy’10! ...JI104, 104*4
♦6V
6
V
0
4
V
if
Seab A Boa 1st 6s
12V
1926 J-J 104*2
106 Apr’10
Warren see Hef Lao A West
106 106
Sher Skr A So See M K A T
II
Wash Cent See N or Pao
811 Sp Oca AG See AU Coast L
Wash O A W See Southern
Southern Paciiio CoWash Term! 1st gu 3 Vs.. 1045 F-A
......
88V 89 V Not’10
88V 00V
Gold 48 (Cent Pac ooli)./cl949 J-D
01*a Sale
West Maryland 1st g 4s... 1962 A-O
91*8
95
86 V Sale
91V 39 89
GO
86V
86 V 213
Registered
/cl 94 9 J-H
Oot *lu
Gen
A
01
conv g 4s
86
91
1062 A-O
71V
Feb’lO....
20-year conv 4s
96 V
Trust Co certfs
#1929 M-S *97** Bale
97*a 681 92V 106 V
73 ** Apr’101. ...1 68V 74V
Cent Pao 1st ret gu g 4s 1949 F-A
06*2 Sale
W Va Cent A P 1st g 6s 1011 J-J
06 *2
96V 13
‘ “ 04V 98V
100 V
100
VNor’00
....!
F-A
Registered
1949
96*a-....
West N Y A Pa 1st g 6S..1037 J.J
96*»Deo’io
95 V 97
11UV bale nov nov 10 io0v nov
Mort guar gold 3 His..*1929 J-H
91
92*8 01 Heo’10
Gen gold 4s
87 V 91
88 V 88 V 88 V
1943 A-0
Heo’101...J 86 V 02
Through Si L 1st gu 4s ’64 A-0
90
94
00
Hec’io
00
04
Income 5s
dl043 Nov
34
Feb’07|...jl
GHASAMAP 1st 6s.. 1931 M-N 106 r8 108*4 107 V Nov' 10—.' 103
West No Car See South
V
700
By
Gila V G A N 1st gu g 68.1924 M-N
10434 sep »oy
Wheel’g A L E 1st g 6s... 1926 A-O 101V
105 V Noy’IO
J 104V 105V
Hons E A W T 1st g 68.1933 M-N
Wheel Hiv 1st gold 6s..1028 J-J
106 *4 May’09
100
103V iOSVNor’iO
1st guar 6s red
JI103 V 104
1933 M-N
103 V Aug’10
Exten A Imp gold 6s...1930 F-A 100
104*8—.
i'03
v
102V 102 J’ne’io'
99
102
H A T C let g 5s int gu..l937 J-J
BB 1st consol 4s
100*8 HO 109 V 190*4
2 100v110V
.1040
84
86
84
84 |
77
Consol g 6s lnt guar...1912 A-O 108*2 HO** 109 V Nor’oy
87V
20-year equip s f 6s ...1022
06
07
V 08 V Oot ’10.,
Gen gold 4s int guar..1921 A-O
02V 98V
94
96
03V Nov’10
02
08V Wilkes A East See Erie
Waco A N W div1st g 6s ’30 M-N 116^118
119 V Mar’io ..,.119*4 110V
Wil A Sioux F See St P M A M
A A N W 1st gu g 5s....1941 J-J
102
107*2 Jan 09
Wis Cent 60-yr 1st gen 4s 1949 J.J
(V Sals
96
98V
93V 21
Morgan’s La A T 1st 7s.l918 AO 114*a 116*& 115VNov’io
116
Sup A Dul divA term 1st 4s’36 M-N
115V
\
93V 03
04
1st
03V
Rutland See N Y Cent
Oag Tus A H See Pere Marq
OtJoAGr lei 1st g 4s...1947 J-J
50-year gold 4s
Coll tr 4s g Ser A
Ulster A Del 1st con g 6s 1028
St LA Iron Mount See M P
,
...
*t Louis So See iilmois Cent
41
?§■*
....
Vandaliaconsol g4s ....1055
Wabash 1st gold 6s
1039
lJ
18188
......
-•!
i:i
,—
....
8*
‘
*103**2 ibfiV
.,
IIIIJ
i'06V
..
?:?
....
J.J
A-O
J-J
A-O
A-0
M-N
J-J
J-J
TexANQSabHlvlst g 6 s. 1912 M-S
Gou gold 5s
1943 J.J
110*2—.
110*2 Qot ’10 —.1110*8 iiov
112
Feb’07
•...........
100
J’ne’10 —JI100 100
102
Nov’10 ....1102 102
114*a Heo'04
....
lUO
102
102
107 V
116
Mar07
100
100*2 lOOVQot’lO
84
98
90 J’ly'00
101*8102*4 101V 101V
101
102 Nov’00
ibo v ib’i"
1 101 v 102*9
47
Telegraph and Telephone
Am
Telep <& Tel ooll tr 4s 1929 J-J
Convertible 4s
1936 M- S
Mich State Telep 1st 6s..1924'F-A
N YTelep lst«fcgens f 4Vs.’39 M-N'
Pac Tel& Tel 1st 6s
1037
J-J!
West Union col tr cur 6s.1038' J-J
Fd and real est g 4 Vs...1050 M-N
Conv 4s, Series A
1936 M-N
90V
105V
01
Sale
09
08V
90V
Sale
07 V "iaic
90V
104V
06
y8 v
07
00V luOV 100
06
90V
6
106 V 294
Aug’10
....
08V
07V
87
80
Deo'luj...
89 V 98
98
106V
bale
1U2V 102V
06
102 V
100 v sale
92
Sale
100V
01V
09
09 V
06
07
06V 22
00
95
06V
'
gold 6s
1920
No of Cal guar g 6s
1938
Ore A Cal 1st guar g 68.1927
So Pao o! Cal—6s E A P.1912
1st gold 6s
1912
1st oon guar g 6s
1937
S Pao of N Mex 1st g 6S..1911
So Pao Coast 1st gu 4s g. 1937
03
100V
07 V
Heo’101...J 100 V102V
MISCELLANEOUS BONDS—Concluded.
Manufacturing & Industrial
Gen Electric deb g 3 Vs.. 1942
10-yrg deb 6s
1917
Int Paper Co 1st oon g 6a. 101s
Consol conv s f g 6s
1035
Int St Pump 1st s f 6s....1020
Laokaw Steel 1st g 5s....1923
F-A
J-H
F-A
J-J
M-8
A-0
gat En&m & Stpg let 6a.. 1020
J-H
Republics ist<Sfcooltr6s.l034
A-O
Y Air Brake 1st oonv 6s ’28 M-N
By Stael Spgs 1st s t 6s...1921 J-J
Union Bag <& P 1st si 6s..l03u J-J
Manufacturing <fc Industrial
«•••••
82V
148 V Sale
104>« Sale
84V 85
01V Sale
lu3
98V
104
97
97 H.
102
92
95
92
95
104 V 104V
89 V Sale
87
88
103
Salt
103 V Sale
81V
146 V
101V
86
96
96
8 80
68 ISO
16 100
81V
148V
104V
86
20
22
81V
86
Sep’10
Noy’io
106
82V
102
K
Stamped
93
May’iO
U S Heath Co a f deb g6s..1913 M-N
104 V
104 V 10
U S Realty AI oonv deb g 6s ’24 J-J
89 V
90
11
U S Bed A Bef 1st a f g 6s. 1031 J-J
88
Deo’io
V 8 Rubber 10-yrcolftr 6s.’18 J-D
102 V
28
103V
IJ 8 Steel Cerp—j coup .<21963 M-N
103 V
104V >29
BI10-60 jt os. (reg ..<21963 M-N 1U3V 103 V 103 V 104V
7
•No price Friday; latest bid and asked this
Week, b Due Feb d
162V
89V
91
96 V
w
06V 100
94
97V
4 100
114V
1
06V 98V
103
103
07 V
07V
102
Oot ’10
03
82
-
91V
104
96V
93
96V
l04V105
85V 94V
86
00V
tOJV 104 V
LOl V 105 V
101V 106 V
/a-Car Oliem 1st 15-yr 6s 1923 J-D
Westinghouse E AMsfos ’31 J.J
itliacelianeous
Adams Ex ooi tr g 4s
1048 M-S
Armour ACo lstreaiest4 vs’30 J-H
Bush Terminal 1st 4s
1052
Consol 5s
1055
Chic Jo A it Yard eoig5s.l015
DetM A Mldgr incomes.. 1011
mstitfor Irrig Wks 4 Vs 1043
int Meroan Marine 4 Vs..1022
lnt Navigation 1st s f 5s. 1020
Newp Ne Ship A H D 5s <21000
N Y Hook 60-yr 1st g 4s.. 1951
Providenoe See deb 4s....1957
Provident Loan goo 4 Vs. 1021
S Yuba Wat Co con g 6s..1923
Wash Water Pow 1st 5s.. 1939
Hue Apr e Due May g
Hue .) ’ne h. Due
.1
’iy
5:?
j.j
A-O
M-N
A-O
F-A
J-J
F-A
M-N
M-8
J-J
J.J
00
02
01V
92V
91V
92 V
36
40
35
100V
02 V
92 V 100 %
91V
92 V
89 V 90 V
00
00
f ••••*.
98V 95V Qct ’1C
95 V 105
100
May’H
86
03V
90
93V
00 V 94 V
87 V 00
05 V 08
LOO
100
35
40
90
98
50
71V
Aug’10
95V 96 V 96 vNor’10
03V 65
64VHec’10
78V Sale
'78V.. 78
98
05
Dec’09
70
88
0ov
It
*
85
92 v 01
84V Sale -84
ioiv mm
96
112
103
Not’ 10
-
84V
:
10
84
J’ly’09
J’ly’04
Aug’10 ;.vi to i
1
/cDue Aug oDue Got p Due Nov sOption Sale
CHICAGO STOCK EXCHANGE—Stock Record—Daily, Weekly and Yearly
STOCKS —HIGHEST AND LOWEST SALE PRICES
Sates
of the
Saturday
Monday
Tuesday
Wednesday
Thursday
Dec. 24.
Dec. 26.
Dec. 27.
Dec. 28.
Dec. 29.
Week
Friday
Dec
30.
STOCKS
CHICAGO STOCK
EXCHANGE
Range for Year 1910
Lowest
Shares
tiange for Previous Yeas
(1909)
Highest
Lowest
Highest
BaiToads
1
*165
*165
2*12
*1*2
•
t
*6
*92
t
93*
10
*6
4
10l2
6I4
11
4
11
*6
4
+21*2
2214
*2U2
*70
71
22
68
22
60
69
*65
21
*64
*18
*58
*6612
68
22
60
69
11*8
*11
III4
54
*5012
54
*64
*18
*58
1
*66l2
1
11
1
1
*50* 2
1
100
2612
*20*2
1
^
25*4
1
1
_
25
I
I
*6
*94
24*2
I
1
21*
*U2
6I4
Last
Last
Last
Last
Sale 170
Sale Dz
Sale 6*4
Sale 92l2
25
24*8 25l2
*10
*10
11
6
Last Sale
4l8
2214
4*8
4l2
Last
Last
22
68
Last
Last
70
21*?
*87*2
Sale
Sale
23
68
Sale
Sale
Oct* 10
July’10
Do
prel
Jhic Bys part
2.153 Chic Bys part
40 Chic Bys part
Chic Bys part
Dec’10
Dec'10
11
Dec’10
5
Dec'10
Dec’10
23
68
4*8
23
*64
20
60
....
65
Sep’10
—
Nov’10
6912
*11
ID4 *11
Last Sale 50
Do
pref
Northwestern Elev
Do
prel
100
100
100
...
200 ^outh Side Elevated..100
35 Streets W Stable O L.100
70l2
1U4
Dec’10
....
1
Do
pref........-100
Oct 24
130
1*2 J’ly 28
4
J’ly ii8
60*8 Sep .8
11*4 Sep 13
8
Mav26
3
180
5
109
36
16
Jan 5
Jan 3
Jan )<
9*8 Ja-'
&iay24
2ia J ne29
20 Aug 18
69
Feb 17
16 Jan 14
5l Feb 7
15
53
Mch /
3i2 Jan 26
7i2 Jan /
185
6I4 Aug 11
39
Apr 1
May3l
55u J’ly 5
7
J’ly 28
5
an
72i2 J ne22
54*8 Jau 3
J’ly 16
104
6*» J’ne30
6212 J’ly 26
240 Apr 25
1.6 J’ly 19
261
135
40
.
77*4 Mch >0
26
J’ne. 1
72
J’ne 22
23
J ne j4
66 J'ne.i
Jan
6
Mch
H? Oct
Oot
97*8 Dec
Dec
3J
101? Dec
8
Dec
3U Dec
Dec
30
78
Dec
15i8 Sep
Jan
47
Nov
17
63
50
Jan
Jan
2914 Apr
Feb
97
Feb
Jan
Jan
190
4
15
liyi2 J'ly
45*4 Jan
30
oan
13>2 Jan
2914 Jau
J'ly
62
8«i2 May
iyi2 Dec
Deo
May
May
May
59
25
73
61
541
10;s
Dec
Deo
Miscellaneous
1
1
834
76*4
q
*260
>-3
*75
*112
8*4
O
*
K
131
vj*
O
ri
M
....
4010
67
40
*65
*45
*1
*2
HH
r*
a
1
C\
48
Dr
3
40*4
CQ
O
GQ
1-3
rj
4034
H4I4 114%
a
a
143g
14*8
95
.07
66
X
*931?
.05
G5
*46
w
6712
0
67_lo
9610
1
•
*
1
*118
*121
117
1
I
1
*
1
*105
21
120
122
117
118
106
1
180
*119
100
*165
'4
»
»
_
_
_
-
—
—
^
^
^
...
„TT
18012
120
.
IOOI4
170
1
...
1
♦10212 103*2
1
7
*612
*
1
1
23*4
*23
1
1
....
Chicago Bond Record
BONDS
CHICAGO STOCK
EXCHANGE
Week, ending Dec. 30
Friday
Week's
Range or
Dec. 30
Last Sale
Price
Inter¬
est
Period
Bid
Amer Strawb’d 1st 6s_1911 tArmour & Co 4
193a J
Chicago City By fts_..1927
*
A
Chic Bys Fund 6s.. 1913
Chic Bys Tem Ctfs 1st 5s
Ohio B 1 & P BB 43..2002
Collat trust g 5s... 1915
Ohio Telephone 3s....1923
Commonw-Edison 53.1943
Chic Edison deb 6s. 1913
1st g 5s....July 1926
Debenture 5s....1920
Commonw Elect 5851943
Illinois Tunnel 5s....l92»v
Kan City By A Light
Co 5s
191Knick’b'ker Ice 1st 5s 192*
Lake St El—1st 5s...1923
Income 5s
-.--192
Metr W Bide El—
1st 43..
.....1933
Extension g 4s....1934
Morris & Co. ** H..--193U
North West El 1st 4s. 1911
No W G-L A Coke Co 5s 23
-
Ogden Gas 5s
...194-
Pearsons-Taft 5s.....191
•
4.40s
4.60s Series E.......
4,80s Series P.........
Peo Gas L A G 1st 6s. 1943
Refunding
g
5s....1947
Chlo Gas L&C 1st 5sl937
Consum Gas 1st 5s.l93o
Mut’l Fuel Gas Ist5sl947
South Side Elev 4 Vis. 1924
Swift A Co 1st g 5s...1914
Union El (Loop) 5s.. 1945
Union Pacific oonv 48.1911
United Box Board ool 6*'2«
General mtge 6s.......
Western Stone Co 5s.. 1909
—
Accrued
Feb
1
3
Sep 23
56
46
10
40i2 Dec 19
20
48
J'ne
79U Apr
/4
55
1
3
47
137
163
2
22*4
82
12/
7
.21
’yi
46
43i2 Mch 9
Mch 17
93
J’ne 28
101
Aug 3
J’ly i«
4
Feb 7
Feb 4
Sep 23
Jan
Feb
1
Jan
3
Mchlu
12H2 Jan 11
82i2 Sep 30
.03 Deo 22
53
J ’ly 26
40
Jan 11
42
Mavi7
Aug 26
108>2 J’iy 27
114 Jan 26
13i2J’ly 9
142
93*4
92i2
Jan 15
Jan 8
Feb 28
6
r.n
D t 92*2 Sale
O
.....
....
....
Feb
Aug
145
Mav
4D
Oct
35
6II4 Jan
1
Apr
2*8 Apr
1
Apr
2*2 No/
Dec
42
140
152
Jan
12li2 J’ly
Sep
Oct
Jan
25*8 Aug
8Si2 Mav
130*4 Aug
38
43
Jan
8812 Dec
Jan
47
Sep
20
Nov
21
J’ne
Dec 19
Mch 28
Jan
7
67i2 Dec 27
102*4 Apr 2U
119
Dec 27
125
Jan
*
97/8 Jan
11S>4 Feb
Feb 24
145
Feb 1U
J’ly 26
123
Oct 31
Nov 1
115*4 Jan 3
82
110
I02
Feb
186*4 Nov 12
55
101
Jan
Jau
Jan
i2 Feb
,
7
116»2 Aug 8
122
Mch 8
109*8 Jan 8
186 Feb 19
9
May.6
106
Jan 6
15*s Jan 3
Dec 27
J’ly27
J 'no 22
101
J’ly 16
6>4 Apr 28
ti
i5
Dec
5*2 Dec
58
Apr
,
Moh
Jan
Jan
17i« Feb
70U Mch
112
103
100
155
Nov
Dec
117
104
148
J’ly
132
81)8 Deo
112
Sep
Apr
20
127
117
107
1514 Nov
86
J’ne
225*4 Oct
26*8 Deo 15
J’ne30
~
jan
Jan
100i2 Jan
Jan
119
98i2 Jan
*8 Feb
3*4 Mch
15
Feb
119*4 Sep
130
Sep
108*2 Dec
124
Nov
119'r Aug
1
Mch
169*2 Dec
121*4 Oc6
114*4 Aug
162
Deo
106
Deo
1*8 Mch
9*2 Jan
25 ' Mch
Chicago Banks and Trust Companies
B’ds
Sold
NAME
Range
for
Year 1910
High No.
Mch’10
H8
Jan
Jan
Dec 10
112
25*2 J’ly 26
110
7*8 Jan
71*4 Jan
2t)u
142*8 Mch 9
8412 May 15
J’ne 6
Aug 22
J’no 6
Deo 17
Feb 4
29
4
5
4
126
54
101
139
7
Aug 6
131*4 J’ly 30
31
Jan
Dec
Apr
Low
....
92*2
5
....
....
High
9934
90*4
9934
9412
Dividend, Record
Outstand¬
Surplus
ing
and
Stock
Profits
In
t
T
1909
In
1910
Per¬
iod
Last Paid
%
6
;alutnet National...
6
An
Jan ’ll, 6
846,478
S1U0.0UU
10
10
J-J
Jan ’ll, 5
245,216
Chicago City
500,00u
Contl’tal & Comm Nat 20,000,000 0.764.964
Q-J Jan ’ll, 2*2
12
16
Corn Exchange National 3,000,000 5.497,543
Q-J Jan *11. 4
9
Drexel State
<4-J Jan ’ll. 1*2
30,767
200,000
8
10
Drovers' Dep National10
402,510
600,000
Q-J Jan ’ll. 2*2
6
6
40,916
200,000
Q-J Jan '11. 1*2
Englewood State......
12*
First National..
125
10.000,000 10.903.894
Q-M Dec 31*10,3n
First Nat Englewood-..
10
193,480
10
150,000
Q-M Dec30’10.2*s
Foreman Bros B k’g Co.
Prlv ate Ba nk
552.446
1,000,000
8
Fort DeArborn National 1,500,000
417,082
8
Q-J Jan *11. 2
8
Hibernian B'k’g Ass'n.. 1,500,000
081,665
J+2
Q-J Jan *11. 2 a
10
K. as par State Bank....
10 + 15 J-J Jan *11. 5
162,240
200.000
La Salle St National
us.
Ma y'lO V.90, D.1277
258,839 Beg. b
1,000.000
10
Live Stock Exch’ge Nat 1,250,000
525,597
10
Q-M Dec3l’10.2i*
Monroe National
4
4
66.795
300,00u
Q-H Noy ’10. 1
Nat Bank of Bepublic
8
8
2,000,000 1,255,625
Q-J Dee31’10.2
National City.
6
405.878
6
Q-J Jan *11. 1*2
1,500,000
National Produce
3
4
81,807
250,000
Q-J Jan *11. 1*2
Avenue
North
State...
70,952
200,000
5H
6H Q-J Jan *11, 1*4
North Side State Sav’gs
6
29,191
6
50,000
Q-J Jan *11, 1*2
North West State
4
200.000
22,228
Q-l Jan *11. 1*5
...
...
F
J
J
F
J
J
F
A
M
Consot Br A Mlt 6s...
1639
Consot Trac 4
Auditorium Ist5sl929
Dock Co 1st 4S..1929
Jc HH 1st M g 58.1945
Chlo No Shore Elec 6a. 1912 A
Chic Pue Tool 1st 5s.al921 J
Chlo By 5s
1927 F
Chic Bys 4-5s series "A*’ A
Chlo ttys 4-5s series •‘B" J
Chic Bys 4-5s series ‘*C' F
Chic Bys coll 6s...1915 F
Chlo
Chic
Chic
Chic
Chlo
•
Ask Low
A
F
-
-
A
-
j
-
D
-
A
O
-
S
-
-
101*4
•
1o2*4 Sale
m~mm
_
—^
-
-
A
-
A
-
A
mmmm
....
_
_
100
....
M
vl
J
-
|\
-
E
ri
-
J
-
L f 102
S 101
J
A
-
O
-
.m„m
i|- b
i
.
...
-
-
-
....
.
.
Apr* 04
Apr’09
96*4
Jau’06
94*2
Dec’09
Feb'06
87
88
97*4
89*4
82?s
.
.
mm
Dec’10
Oct'lO
....
.
.
.
.
....
.
.
.
.
.
^
13
....
....
100*2
Dec’08
95*4
Oct’lO
95
77
16
Dec’10
96
8712
88
101*8
95i8
75
86
90*2 91
97U 101i8
9714 98
100*g 100*4
.
Aug’09
80
—
8414
2
20
22
101
10012
mm
....
83*8
90*2 Mch’10
99*4 Dec’10
97*4 Sep’io
100*8 Apr’08
68*2 Aug’OS
66*2 July’08
100*4
100*8
....
101*8 103*4
.
—f-
97*4
10078
10078 Nov’10
ioi
.
91
102*4
....
.
Dec’10
Sale
....
.
27
102*4
102
-
1- s :....
- D
Oct’09
May’07
-
—
97*4
t 91
Sale
8278 Sale
X 99
100
102
103
50
J’ne’09
—
—
_
O
J t 87
A t 9/12
O
D
-
102
A
J
D
,
Aurora Elgin&Chlc 5.1941
Cal A So Ohio By Co
1st M 5s
1627
Cass Av & FU (St L) 5s 12
Chlo Board of Trade 4sl927
-
72
107
13*8 Jan 16
82
...
1
•
tieB„
.
—
*
1
„
_
Cj
O
A
_
...
,
123L 1231j
*149
151
H-l
S34
76
firtr
76l8
14134 14134
*39*2 41
<
3
<5
&
100
00 CO*
384 American Can
91s
8*8
76
76
Do
77
315
pref.
100
7714
American Radiator.. 100
Last Sale 260
Dec’10
*
Do
131
Last Sale 130
Dec'10
pref
100
*75
76
75
76
75
16 Amer Shipbuilding
7618
100
*112
Last Sale IIU4 Dec'10
Do
100
pref
*142
Amsr
142U *143
*143
25
A
Telep
14312
Teleg
143l2
40
40
42
42
40
40
24 liooth Fisheries com....
*40
4010
125
Voting Trust ctf
67
*65
65
65
Do pref
661*
110
66‘r
*45
Cal & Chic Canal A D.100
48
Last Sale 50
Dec'10
*1
1
Chic
Last
Sale
MTov’10
U8
Brew’g A Mait’g
*2
Do prel
3
Last Sale 3
Oct’10
41
42
548 Chic Pneumatic Tool.100
4US 41*4
4112
4114
*123
121
120
120
263 Chicago Telephone.
100
12314 121
*149
151
150
153
100
17 Chic Title A Trust
113
285 Jommonwth-Edison. 100
*11312 11412 113I2 114
113-2
Last Sale 1*8
Do
Feb’10
rights
*14
*14
15
15
25 Corn Prod Bel Co cbm...
Do
Last Sale 79L
uo
Apr* 10
pref....
93
93
100
186 Diamond Match."
9312 9312
9212 ‘93*4
.03
.03
.03
.05
.05
Do rights...
.0312 14,849
100
66
66
*60
325 Illinois Brick
67
6612
66I4
*46
46
46
10 Masonic Temple
67
*67
67’ *67
68
68
60 MeCrum-Howell Co_-100
*
Dec’10
Last Sale 97
Do
pref.......
96l2
June’07
Mliw A Chic Brewing..._
Last Sale 2l«
Do pref........
21
Last Sale 20"
Nov'09
*117
100
*118
120
119
11*
119
25 National Biscuit
Do
*121
122
Last Sale 123
Dec' 10
pref
.....100
120
119
*115
120
120
119
29 National Carbon
..100
Do
118
Last Sale 11712 Dec’10
pref..
100
105** 105*8 *105
106
105G
45 People's Gas L&Coke. 100
105*4
Do
Last Sale 11-16 Meh’09
rights.
100
180*4 181*8 18H* 181*8 180
18134 1,200 Sears-Roebuck com
Do
*119
Last
Sale 11912 Dec’10
.100
1191*
pref
A
Swift
100
Co
*100
101
494
IOOI4 IOOI4 10012 10012
*163
*165
170
170
165
5 i he Quaker Oats Co
170
100
June* 10
Last Sale 6*4
Do rights
Do
103
103
103
103
103
103
190
pref
100
105 Unit Box Bd A P Co.100
6*8
6*2
612
6*8
6*8
6*8
Do
Last Sale 7*4
pref
100
Apr’09
Western' Stone
100
*23
Last Sale 24"
Dec’10
23*4
8*4
76
*260
7614
*
►-<
Note
100
ctf **1"
ctf * 2”
ctf "3"
ctf 'd”
100
1,135 Chicago Subway
Kans City By A Lt--100
Do
prel
100
703 letropol W S Elev._.100
25i2
22
71
68
Chicago City By.....100
Chicago A Oak Park.. 100
2
1003s 10314
100*8 10278
IOOI4 100*8
100
100*2
156’
10234
_
People's Stk Yds State_
300,000
Prairie State
Ball way Exchange....
500,000
security
..........
South Chicago Savings
South Side State
State Bank of Chicago..
Stock Yards Savings
Union Bank of Chicago
Washington Park Nat’i
....
Wendell State
1-N
A - O t 97
J
-
J
wir
981*
^
Feb
F J 1 «£-
A
J
t8U2
t 78
82
79
J
fc. X 96*8 Sale
J - M
.1- N
92*8 Sale
f - Li
98i2
<4 - S
95
d - N
96
M - N
97i2
\ - O
M - s 10U2 Sale
....
...
....
....
....
....
J •
1 MJ -
J
A
>1
•
-
-
J
t 97*4
D
N
....
—-
81*2
t-.—
ioii2
....
.._.
61
....
....
May’05
Nov’lO
90*2 Dec’10
96*8
99
92*2
100*8 Mch’OU
96*2 Mch’10
97
88
114
70
.
.
.
.
5
■nmrr —
6
99*4
85
80
76
88
84
80
03*4
9314
96*4
99
99
9212
96*4
’9612 96*12
_
.
.
Chicago Sav Bk A Tr
Chicago Title A Trust..
Citizens Trust A Savings
Colonial Trust A Savings
Cont A Comm Tr A Sav.
Drovers' 1 rust ^Savings
Parwell Trust Co.
Hirst Trust A Savings..
Guarantee Trust A Sav.
Harris Trust A Savings.
Illinois Trust A Savings
Kenwood Trust 8s Savgs
Lake View Trust&Savgs
97
97
m
98*2
9S12
i
I6634
Merchants* Loan&Tr Co
Metro poll ta nTrust &Sav
Michigan Ave T,- Co...
IOOI4
100*4
91*4
99*4
103*4
10412
10212
10112
94
10078
88
88
_
Dec’10
Oct’1C
92*2
9514
95
75
....
Feb’10
98*2 Mch’10
121*4 May’09
101*8 Dec’10
103*2 Dec'10
10034
92*2
99*4
1
_
96*4
Apr’10
92*8
9434
94*4
....
81*2
78
101
J X 92*4 04
J t
*100
O
N
Oct’lO
central Trust Co of III.
1
1
Apr’lU
Nov’04
Apr’IC
J • J
61*4 Oct’l(
68*2 60
A
85** July'Of
O
n teres t
must-i be added to all Chlcagb h ond
103
’70*
6D4
prices.
Northern Trust
Co.....
North-Western Tr&Sav
Pullman Trust A Savgs.
Sheridan Tr A SaV Bank
^Standard Tr A Sav....
Stockmen's Trust A Sa
Union Trust Co...
Woodlawn Tr&SavUam
444,155
123,963
173.728
3.165.066
19,621
1,471,163
5,006,000 8.509.829
59,499
200,000
41,792
200,000
3,000,000 6.012,401
750,000
226,783
1/50,000
200.000
1.500.000 2,382,905
200.000
800,000
200,000
1,000,000
200,000
1.200.000
1,250.000
200,000
70
65
250,000
300,000
200,000
200.000
1,500,000
250,000
100,000
100.00/
50,000
2,000,000
M500.000
5,000,000
50,005
600,000
3,000,000
200.000
1,500,000
2,500,000
200,000
1,250,000
20)0,000
_
_
_
>•>7
109,876
Dec31'10,2
6
6
86,405
Q-M De 030*10.1*1
Jan *08. 2
33,452 None None
191,357
4^ .'-J Jan *11. 1*2
6
89,000
Q-J Jan ’ll, 2
6
10,439
Q-J Jan *11, 1*2
1H
12
12
1,782,614
Q-J Uan ’ll. 3
8
8
200,198
Q-M l)ec31'10,2
M N Nov *10,3
6
6
37,006
7,877 See V. 90, p. 159
None
None
10,044
Q-M Dec31’08.1*s
7
7 H Q-J Jan *11,2
938.613
6
6
112,944
Q-J Jan *11. 1*2
6
11,543,802
7H Q-J Deo31’10,2
4
6
A-O Oct 9’10. 3
8,622
459,366 8+2
8+2 Q-J Jan *11. 2*2
mm
mm
8
3
16
8
Q-J Jan *11.2
6
Q-J Jan *11.1*2
12
Q-M Dec3ri0,4
Incorp orated 1908 V.87 p.1138
9M Ul+5
Q-J Jan *11,3
Nov 19'10, l
16+4 16+4
q
6 H 7+1H Q J Dc31 ’10,1*4®
5
5H Q-J Oct *10. 1*1
12
12
Q-« Jan *11.3
6
6
Q-J Jan *11. 1*1
Beg. b us. Oct 29*1 0V91 .p.1221
8
8
Q-J Deci rio.2
6
6
J-J Jan *11.4
8
8
Q-J Dee31‘10^
Beg. b us, J'ly 12 *C 9 V.89,p.141
Comm enced bus. Sept 6 1910
69.04C
233,900
21,536
260.075
6
39,001
1,161,14( *8+2
6
148,371
119,051
6
56,122
.
5H J-J
8+2 Q-M
6
Q-*
6
Q-M
Q^J
7H
July *10.3
Dee31 lOJI
Jan *11.1*1
Dee31’10,2
Jan *11.2
*
Bid and asked prices; no sales were mads on this day.
t Nov. 10 (oloss of buslnsss) tor national banks and Nov. 11 (opening of business) for State Instltu
f No price Friday: latest pries this week, a Due Deo. 31. b Due June, k Also 20% In stock, n Capital and surplus to be increased, g Dividends are paid Q-J*
srlth extra payments Q-F. r In addition the equivalent o’ 4% more came from First Trust A Savings Bank, t July 311910. u In addition the equivalent of 1% came
^
Trust
from
Firstpaid
A 20
Savings
Dec.
% was
1910. Bank.
v An extra payment of IH% was made Dec 14 1910. te See V. 91. p. 1551, 72, 17.
<
V Sept. 2 1919.
s An extra dividend
BOSTON STOCK EXCHANGE-Stock Record, Daily, Weekly
and Yearly
SHARE PRICES- -NOT PER CENTUM PRICES
—
Saturday
Dec. 24
,
Monday
Tuesday
Dec
Dec
26
—
——
Wednesday
27
—
Thursday
Dec. 28
Sales
of the
Week
Shares
—
Friday
Dec 29
Dec 30
1
*9934 IOOI4 +100*8 lOCDj *10078 10135 10l7j
Last Salt 10234
*10212 103 *102 103
224
224
224
224
224
225
224*2
128
128*9 128*4 128*4
128*2 128
129
1
1
1
1
215
*
12512 125l2
1
*
t
299
16
72
*15
*70
l
1
1
215
125
125
296*9! 296*9
*15
16 "
*70
72
39
m m m m
*155*2
•
----
129
.....
.....
21H2 211*2
17*2 17*2
85l2 85*2
151
151*4
1
1
1
1
*138
129
*117*2
*87
1
112*2
....
*11712
1
39
*109
270
129
129
f
1
*211
18
85*4
151
141
141
.
_
_
.....
189
•
189
37
108
I
1
*---_
IO2I4
16S58
*9H2
*157*2
9!)'8
10012
1
1
f
1
1
1
189
*211
85*4
151*8
85
85
151
151
*140
141
Last Sale
189
189
Last Sale
Last Sale
*
102
IO2I4
168*8
92*2
160
.
.
.
.
91
9J78
101
91
91
101
100*2 101
*211
*18
85
151
17*2
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1938
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l
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9
118
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712
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734
6034
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6
1734
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540
16
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6634
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38
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38
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2534
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12
6
18
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634
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7
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634
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....
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....
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2678
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38
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70
1
51
5
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13
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115
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117
18
48
540
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16*2
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9
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9
634
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57
29
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11634
.
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458
3434
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232
6*2
540
pref
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I884
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39
67b
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2
12
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1134
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8*4
39
7
21
17S
11*4
Dec’10
1634
634
3*4
34*2
6*4
778
100
pref..
Telep & Tele*..100
pref.
*121
35*4
6*2
Mining
Nov'10
70
14
14
51*2
4*8
36*4
47*4
2*2
13*2
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4*2
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118
Ass't paid.
117
1?8
0
178
24
45
177
50
200
475
90
175
545
70
i»4
11*2
1*8
1
...
1
-
.
J’ly
usceoLa
26
25
25
25
Parrot Sliver
Quincy
&
Cop. 10
25
Ray Consol riopper
10
Santa Fe Gold & Cop. 10
Shannon
South Utah \f
Dec
4
5
25
52
110
122
4*2
Tamarack
Trinity
2ft
26
2,725 U 8 Smelt Ref & Min. 5#
Do
884
pref
60
150 Utah-Apex Mining...
5
698 Utah Consolidated...
t
60 Utah Copper Go
it
Vlotorla
26
Winona1.......
2»
60 Wolverine
2ft
3578
46*2
212
135s
117
17«
100 Wyandot
.
n
rtx-ngnts.
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a Ex-dlv. and
7
1334 Deo
111
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8
3
3
26
7
7
Mch 18
Apr 14
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Sep 22
99*2 Aug 3
129*2 Aug 17
93*4 NOV2o
107
J’ne30
153
11*4 Jan 15
100
28
Jan 24
Mch 30
Jan 18
27
165*2
46^4
26*4
613s
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111
14
81
J’ly 26
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Aug 15
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J’ly 26
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734 Deo
31
J’ly
65*4 J’ly
iyi2 J’ly
4
13
29
13
12
26
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Mch 9
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16 's J’neoo
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600
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5
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10
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3*z Sep 28
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9
6
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68
20
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6
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10
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3
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.35
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17
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43
j'ly 2b
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934 Jan 17
18
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6
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9
7
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114
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11
66
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9
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22
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30
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7
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Dec 13
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2
63934 J 'no 30
2
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5
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102
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rtgnts
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22l
152
3 0
98
Jan
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i
12414 Jan
22o*<> Dec
Nov 3
J32i? Jan
295
Sep
li34 Jau
16*8 Nov 18
76
Apr
7
loin Sep 3(1
“
48
Jan
3
160
113
270
138
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Jan
t
Mchlu
0 Jan
3
J23
Oct .7
90
Oct 14
218
Dec 21
22>« NOV16
8^34 NOV 1/
162^*8 Men H
141
212
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Mehx3
Jan
7
200
44*2 Nov 1
116
106
6
jail
Men
-
2UH2 Jan
10338 Jan
168
95*2
109
3
3
Jan 17
Mch 8
Feb 10
4912 Oct 20
Sep 26
87s Feb U
106
24
Feb ll
2
Mch :
6019
10
46*‘>
143
115
267
79
88
Jan
Jan
102
Oct
33*4 Jan
812 Jan
15212 Mch
11-TsJan
292*2 Nov
160*2 Jan
11
3
3
16
0
913s NovlO
97
226
Men 15
Nov 14
634 Mayio
124
115
Jan
3
Jan 11
13834 Dec 14
100
200
14
Jan
b
Feb li
Oct 3
10934 Jan 10
37
Dec 12
31
May 6
200
Sep 10
7134 Apr 18
31
Jan 4
9034Jan 3
12658 Jan 6
19*4 Sep 30
94
Jan
3
10
Feb
l
Feb 16
9U34 Jan 3
40i2 Jan 3
50*4 Jani 3
12*4 Jan 14
.70
Mch 23
24*4 Jan 13
I8I4 May26
28io Jan
103
Jan
685
38
.16
85
3
3
3
3
Jan 10
Jan 3
Jan
jan
‘J58Mch28
14
NOV14
21o Hfh ,K
22l2Mch
12i2Jan
111*4 Jan
1178 Jan
9
lo
3
3
36
Jan 12
578 Jan 4
^6*4 Oct
J’ne
J'ly
275
Mch
136
Feb
103
Dec
8SU Sep
162
123
195*4 Jan
16*4 Apr
334 Apr
125
Jan
7
Jan
245
Jan
150*8 Feb
59
Jan
89
Jan
202*2 Mch
2
Jan
68
Apr
93
Jan
126*4 Jan
Feb
75
Jan
168
9*4 Jan
100
Jan
20*2 May
24*4 Jan
126*2 Jan
x54
Mch
28*? Jan
41*4 Feb
107
Feb
6>* Jan
76 Mch
47s Oct
84
65
23
30
Jan
Feb
Mch
Feb
J iy
Oct
Nov
19
84
1747s J’ne
149
215
Aug
Sep
200*8 Jan
Jne
40
117*2 Aug
107
Aug
218*4 Aug
117*4 Aug
175
Apr
98*8 Apr
112
Apr
50*4 Aug
J ly
9/8 Feb
22*2 Nov
136
131
9310 Jan
4i<> Apr
Dec
Mch
Nov
Jan
Feb
77*? Nov
Nov
Nov
125*4 Feb
27*0 Feb'
J’ne
135
235
153
301
22
105
14*4 Sep 16
5a
125*8 Oct
106
239*4 Apr
Jan
5*>* J an
13
Jan
94
jll4
Mch 19
Jan
rl72?8 Feb
93*2 Mch
*117
14378 NOV 4
Nov
Jan
Oct
11*4 Jan
58*2 Jaa
*?153
Nov
146
Feb
200
Apr
190
Dec
26
Apr
90*4 Mch
y7*-» Apr
124
104*4 Mch 23
Jau
195
165
Highest
Jan
May
Dec
12s*2 Nov
tb
Jan
1273s Mch
391n
Jan
225
Feb 24
Feb .:
Apr
Apr
115*8 Sep
4filg Aug
J’ne
108
1210
i,llo
Sep
Aug
8*4 Oct
147*2 Nov
13?8 J’ne
260
173
Apr
Aug
83*4 Deo
97
Apr
220*4 Dec
3*4 Oct
125
118
139
108
Oct
Oct
Sep
Oct
199
Aug
Sep
AufiC
114*2
12
34
35
170
Deo
Nov
Deo
71
Oct
31*4 Sep
947g Oct
131
19
96
Oot
Deo
DeO
10*2 May
62
Oot
U6*2 Nov
40*2 Deo
5134 Deo
18
.80
24
Jan
May
96*4 May
Feb
119
695
Feb
Jne
Jan
Aug
.35
8
Feb
17*8 J'ly
8
Sep
.45
21*8 Feb
685
29
.10
68*2 Feb
7i2 May
7*2 Feb
Ded
11*4 Dec
33&s Nov
44*2 Sep
Jan
86*4 Nov
12
Mch
165* Apr
Oct
Feb
73g J’ne
90
Feb
9
Feb
8*4 Sep
6*2 Dec
212 jan
” Aug
1214 Nov
11012 Deo
145g Nov
22*8 Apr
7*a Apr
33*4 Feb
9*8 Aug
c7*4 Deo
74*4 Dec
19*8 Deo
18*4 May
1
13
19
38
Deo
7*2 Aug
3334 Oct 29
" Nov26
90
-8i2 jan
11
Jan
3
5
6*4 Jan 14
94*2 Jan 22
*9
Jan
14
13
10*8 Oct
l78Jan 13
5
29
Jan
Jan
7
4
8*2 Jan 21
75
Jan 22
27*2 Jan 11
10^ Jan 12
12
May26
60
Jan
3
2678 Mcb 7
12*4 Jan 14
1*4 Feb 1
Jan
3
2134 Jan
3
92
Mch
9
18
Jan
3
166
l
1*4 Nov26
834 J’ly 5
1
36
234
3
7
Maylo
J’ly 28
J’ly 28
Feb 8
May te
312*2 Dec 27
334 Jan 3
10
S
27
98*2 Dec 22
,
Superior
Superior & Boston Min 10
5,223 Superior&Pitts Codd. 10
534
14*8
Ei-stocg div
25
100
455 Am Zinc Lead & sm.. 25
605 Arizona Commercial. 25
110 Atlantic
25
300 Bonanza Dev Co
10
710 Bos&CorbCopdsSUMtr
5
365 Butte-Balaklava Cop. 10
1,020 Butte Coalition
15
260 Calumet & Arizona.. 10
17 Calumet & Hecla.... 25
15 Centennial
25
Ojlbway Mining
13*2
45
*44*4
443*
Last Sole 2*2
Dec’10
Last Sate 9*2
Dec’10
*1*2
25
95
Alloue*..
3.792 Amalgamated Copper
35
Old Colony
100 Old Dominion Co._._
126"
1858
70
.
1.600 Algomah Minina
,
Deo’10
Deo’10
18*2
1858
1*2
*1*4
1138
*1
118
41*2 ♦4134
5h
584
Adventure Con...
,
8*o
Dec’10
11*2
.ioo
,
,
Island Creek Coal
678
3*4
11*2
,
235
Do
pref..
I
l
275 Isle Royale Copper.. 25
125 Kerr Lake
5
30 Keweenaw Copper
25
2,697 Lake Copper Co
25
La
Salle
1.082
Copper
25
1.115 Mass Consol
25
Mayflower
26
Mexico Cons M & S.. 10
135 Miami Copper..
5
170 Michigan
25
Mohawk
25
1,141 Nevada Consolidated.
5
205 New Arcadian CoDDer 25
897 Nlpissing Mines
5
3,853 North Butte
15
60 North Lake.
25
17
19&8
*3734
25
100
450 Copper Range Con Co 100
415 Daly-West
20
881 East Butte Cop Min.. 10
350 Elm River
12
165 Franklin
25
Giroux
1,405
Consolidated.
5
85 Granby Consolidated. 100
1.435 Greene Cananea
20
160 Hancock Consolidated 25
15 Helvetia Copper
25
425 Indiana Mining...
25
3i2
9*2
634
195
Corp_. 25
Cons Mercur Gold....
Dec* 10
67
12
.20
40
1634
634
3*2
34*2
6*8
8*4
14*2
3*2
25
100
'
40
63*4
255s
540
*15*2
634
6?g
20*4
7*4
0
Power..ioo
320 United Fruit
908 Un Shoe Mach
Do
388
pref
8,821 U S Steel Corp
63 West
Do
180
—
Last Sale 6
Last Sale .50
*1
Pacific Coast
18
1938
1938
3*2
3*2
3*2
Last Sale 46*2
Dec’10
1838 18*2
18*4
18*2
*3
3*2
3*2
3*2
107s 11
*10*4
1034
29
27*2 298*
29*o
6*2
6*2
6%
6»8
*18*4
1*2
11*4
Telep & Teleg.,100
197 Pullman Co
100
1 Reece Button-Hole.. 10
175 Swift & Co
100
101 Torrlngton
25
10034
3534
6
Last Sale .40
Last Sale .03
*1938
3*2
36
48 Mertrenthaler Llno___100
346 Mexican Telephone
lo
N E Cotton Yarn
100
Do
6
pref_
100
198 N E Telephone
100
138l2
.50
18*3
48*2
Last Sale 32
88
88
1634
634
540 Amer Agricul Chem..l00
496
Do
pref
100
362 Amer Pneu Service
50
Do
224
50
pref
135 Amer Sugar Refln.... 160
189
Do
pref
100
Oc6 15
Sep 26
J’ly 6
_
87*2
7*4
Last Sale .05
67
67
67
*116
178
s
18
48
540
70
3*5^4
47*4
238
*8*2
12*4
6*2
3734 3734
12534 128
*11*2 12
14*8
5534
.50
6*2
6634
3*2
1134
634
37
5*2
4734
*9
14
.50
12
550
16
.08
8
286
152
13
27*8
15*
83
99
100
100
193
159*2
100*4
Deo b
Mayl,
181*4 Sep 14
26
May ,
103
Aug 18
100
50
50
,
7*8
8
39
14
50
5
458
*12
13
100
10034
*35
3534
Last Sale
191
192
Apr 28
Do
pref-V. I.IIIUoo
90*2
Atl Gulf & W I S S L 100
7
Do
pref _
"166 16
Boston Land
16
4*2
16 Cumb Telep & Teleg.100 138*2
100 East Boston Land__
7*8
189 Edison E'eo IUum__ 100 h239
433 General Electric.
135
100
1,569 MassaohusettsGasCbs 100
76*4
Do
120
89
pref
100
92
Dec’10
159
91*4
14
3412
Last Sale.96
159*2 160
91*4
5ns
1
138*2
116
*17
5’8
l
138*2 138*2
100
100
i 00
149
139
210
yS-^ Auv 2
153*4 J’ly 26
89*4 J’ly 26
Dec’ 10
95
*210
213
4
4
Last Sale 110
Dec* 10
*105
106
105*2 105*2
17
40*2
*51
286
15H2
87*2
94*2
17
4U2
534
5*2
1353
285
15134 153*4
87*4 87*8
9412 9434
212*2 21234
4
4*4
723g
116*4
17*2
18*4
134
11*8
1*8
40*2
41
♦7*2
Fep 10
Apr
100
5,766 Amer
Nov* 10
152
29
18*4
*1*4
11*8
1
1
8
202
0
14*4 J’ly 26
75
J’ly 1
.
115
114
141
Dec’l 0
Dec’10
7258
11634
17*2
18*4
134
1138
1*4
1
Last Sale 9*2
Lad Sale 211*
Last Sale 8 "
*145*4 146 *145
5578
7034
1
140*4
Last Sale 32*8
9134 9134
9134
.r
29
18*4
•
113
29
70
*1*4
1138
*1*8
114
Colony
Rutland pref
Seattle Electric.
49
Do
pref,
460 Union Pacllie
32
Do
pref
2 Vermont & Mass
338 West End St
104
Do
pref
1412
11434
55*2
I
1
1
14
113*2 114*2
7158
1
l
u
1'J38
46
18*4
*3*2
1078
1
1
....
99*2
434
4
14
....
Jail
_
Northern N H
100
Norwich & Wor pret.lOO
3
13
104
85
Miscellaneous
99*4
434
__
15 Old
...
55*8
28*2
1
....
85
151
7034 7138
116*2 11678
8
38
40
6H4
25*2
1334
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ri
O
7
8*8
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36
28
192
55*8
28*2
29*4
72*4
116'8 11678
17*2 17*2
s
i
i
55
12
100*4
«■
18*2
10
2
41
184
565
1
Aug 29
Sep 16
Oct
Lowest
123*8 Jan
104*4 Jan
O
Oct
124*4 Sep 21
100
Oa Ry & Electric
100
Do
pref
100
Maine Central__
100
Mass Electric (Jos-.-.100
Do
pref
100
N Y N H &
Hartford. 100
Mch
35
139
109
260
_
Fitchburg, pref
327
218
99
....
159
_
87*4
99
285
Do
pref
Chic Juno Ry <& USY-100
70
Do
100
pref.
Connecticut River
100
51
Dec’10
130
Dec’lC
46
*7*2
112
107
138
158*2
100*4 10034
O
8
286
151*4 152
87
8778
94
9412
212*2 212*2
4
4*2
159
13
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p
M
o
285
112
107
138
6
148*4
77»
285
153
88
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138
*95
159
1
2
*145
778
94*2 94*2
21212 212*2
*4
434
i
M
*5*2
145
*712
•
l-J
6
*5I2
8
110*2
46
142*2 143
....
Dec’lC
101*2
Boston Suburban
Do
pref
....
39
101*2
Highest
c 1*2 J’ly 2g
97*0 Aug 2
218
J’neil
r, 122
Aug 2
L0J
J’ly -7
10U h 118*2 Dec 30
285
Oct 4
14
El Cos.
J’neiu
70
J'ly al
Boston 3c Maine
Range for Preirious Year
(1909)
Lowest
95
Dec’10
Dec’lC
Oct'10
4534
14
15
129
Dec’1C
119
4534
*4*2
114*4 114*2
113
1
99
9834
4*4
410
11412 115
113*2
141*2 142*2
1
4534
224*2
210
June’10
*189
35
Dec’10
102
Deo’10
*101
102
171
171
93
*92*2
*157*2 160
91
91
l
1
1017{
Dec’ll
87*4
218
17*2
189
37
109
102
*
83'4
218
18
141
....
*87*4
.
1
mm~m
Last. Sale 15
Last Sale 72
Last Sale 10*4
38*2 39 * "
Last Sale 156
110
110
110*2
Last Sale 270
129
12834 129
Last Sale 117
*155*2
*109
*
Last Salt 215
123
123
6118*2
Range Since Jan. 1
Railroads
£ Atch Top & Santa Fe. 10<j
Do
pret
100
147 Boston & Albany
10U
lit Boston Elevated.. __10J
Boston & Lowell
lOu
'
1
STOCKS
BOSTON STOCK
EXCHANGE
334 Jan 19
G8I4 jan 14
18
Jan 12
16&aJan lo
78
11**
Jan
jan
55
6
3
2*2 May
16
Jan
1034 J’ly
4*4 Mch
.30
Apr
3*2 Apr
1234 Feb
6*4 Oct
x57*2 J ly
16*2 Feb
3*2 Nov
9?8 Oot
47
Deo
4*2 Mch
£34 Nov
Jne
Feb
.40
47*4
122
19
83
Feb
Dec
Dec
Sep
85*4 Jan
1178 Aug
1412 Deo
.90
59
170
Deo
Aug
Deo
36*4 J’no
99
Jam
67
127,
18*2 May
18*2 J’ly
62
Apr
J’ly
9*4 Dec
89
Feb
Jan
3
37*4 F«b
GOi2 Jan ft
5*4 Jan 14
89*4 Feb
Jan 14
Jan ft
13
Jan
13*8 Nov
44
4
334 Jan 14
Nog
8*s Deo
30
34
3
15
.50
Nov
28*8 Deo
13*4 Mch
70*8 Jan
278 Jan
I77s Jan
a
46
Ded
ii2 Nov
13*2 Feb
Jan
63*8 Jan
5*4 Jan
3
1
6
3
3&n
Oct
Oct
4*4 Apr
189
2
Mch
Oct
90
Ded
Feb
17B* Jan
69
64
Sep
Oot
6*4 Jan
49*4 Nov
66
6
Not
158
4
Aug
Dao
<13*4 Ded
Jan
Dec.
U*J> nr*
2
•SS
BOSTON STOCK EXOH’GE
Week ending Deo 30
Friday
Dee 3 J
W
Am Agrloal Chem 1st 5s..1928
Am l eleu A Tei coll tr 48.1929
1936
Convertible 4s
Am Wnt Paner 1sts 16sg 1919
Am Zinc L& S deb 6s
1915
Ariz Com Cop 1st conv 6s 1920
A ten Ton A S D'e gen g 4s.. 1996
A-O
j-D
A-O
Adjustment g 4e....J’ly 1996 Not
J’iy 1995 M-N
1956 J-D
1917 J-D
|
6841
Range or
La at
Dec’101..
jjMicb Teleplst 5s
i.MinneGen Elec con g5s
1004 Mar’09,..
!iNew Eng Cot Yarn 5s
'•New EngTeleph 6s
104 4 Oct ’08;..
112 4 Jan ’03'..
103
Feb TO;..
100
J’ne’Ol!
Sale
93 4
90
4
January 1
116
93
90
99 4
994
97
100
1910 A-O
I
ijNew England cons g 6s... 1945 J-J
Boston Term 1st 4s
....'!
1939 A-O
113 4114
May’10 .
i I New River (The) conv 6s. 1934 J-J
88
NYN H<& H con deb 3 481956 J-J
85
Dec’iol.
Conv deb 6» (etts)
1948 J-J
Oet’07j.
98 4 984 Old Colony gold 4s
J’ne’lO'.
1924 F-A
Mar’lOl.
1014 101*4 Oreg By A Nav con g 4s.. 1946 J-D
Nov’10 «••• 09 4 100
Oreg Sh Line 1st g 6s
1922 F-A
99
Mar’10
994 Pere Marquette deb g 6s.. 1912 J-J
Oct ’09
Bepub Valley 1st s t 6s...l919i J- J
14113
118
934
02 4
90
Dec’IOj
92
102
103
97
97
100
1014 Sep ’051
115
1917|J- J
19291 J-J
1929' F-A
1915 A-O
I 16
Oct TO
102 4 NovTOl
113 4 Nov’061
Sale
5s
lo3
103
hang*
Since
13
Low
100 4
873,1 KanCFt S«feGull ext5s.. 1911 j.d
| Kan C Ft Scott «fe M 68
1928 M-N 116
; KanCMA Bgen4s
1934M-S
89
1014 i Assented income 5s
1934 M-S
884 94 < j Kan C A M By A Br 1st 5sl929 A-O
904 944i'Maine cent cons 1st 7s...1912 A-Oi
10241024 m Cons 1st 4s
1912 A-O'
10841174 :l Mara Hough A Ontist 08.1925 A-O
63
73
| Mass Gas 44a
1929; j J
99
J’ly’101..
Nov’ 10!..
sale
Higtl so. Low High
1004
6j 99 4101
10041004
117
Apr ’08
Mai’10
93 4 97
934
99*, Feb’lo
994 99*4
119
94
t<eo’04..
110
Friday
Dec 30
Rio
874
97
87
98
\VeeK‘.s
/“TIC-
I £ Z\
|
1024! l&jloOk 104^! I Illinois Steel deben 5s. ...1913 A-O,
Ia Falls
A-O
89
93 k i!
ilia
Falls &
& Sioux
Sioux Cist
Cist 78.-11)17
7s.. 1917 A-O
994106 | Kan O Clin <fc»Dr 1st 5a... 1925 A O
102k
634
j’ne'O.S
094
Aug’lU
102 4 Ang’04
100
100*, I
100 4 Dec’10:.
100 4 >ep
’08J.
994
21004105
..H10041004
.
113
874
1)103
984
101*,
99 4
99
99
75
|! Shannon-Am 1st
Feo’05 !....!i
99*, Dec TO.
1004ijTerre Haute Elec
...ij 99
104
Deo’lO!....: 100
101
91
Dec’07
Torrington 1st
Ourrent Biver 1st &s....*.1926 A-O
DetGr Bap A W 1st 4s...1946 A-O
Dominion Coal 1st s r 6s..l94o;M-N
Fitcnburg 4s
1916 M- 8
4s
1927 M-S
Fremt Elk A Mo V 1st 6s.. 1933' A-O
99
88
;
96
93
ADr’10
Dec’10
964 J’ne’lO.
103 4 Api ’06|.
Apr’081.
96
140
tr4sl921|J-J
05 \
96 4
192l|Q-J
954
09
00
98*4
J 1274 1274
127 4 Deo’lO;.
1033A-O
99
88
964
It
Apr’051.
6s
g os
964
95*41
044
07
954
95 4
944
06411
4
1929
U 8 Coal A Oil 1st s f 6s.. 1938
U S Steel Corp 10-60 yr 6s. 1963
West End Street By 4s....1916
Gold 4 4s
1914
Gold deoenture 4s
1916
Gold 4s
1917
Western Teleph A Tel 6s. 1932
Wisconsin Cent 1st gen 481949
Note—Buyer pays accrued interest in addition to the purchase price for all Boston Bonds.
103 4
95
1919 M-N
1918
g48.10-17
20-year conv 4s
1927
United Fruit gen s 14 4s. 1923
1124 Jan ’03
1004 Aug’09
Cudahy Pack(Tbe)lst g 6s 1924 M-N
g
g 6s
Onion Pao BRA 1 gr
794
964 102
75
131
133*8
1334
Apr’09
984 Sep ’09
114
Dec’Ll
99
Mar’ 1 o
103 4 Sep TO
107 4 aov’05
102
Mai’02
704 Deo TO
104 4 Deo’lO
064 07 Nov’10
97
Apr’07
100*, Mar’ 10
100*4 Dec TO
1044 Oct TO
97 4 974 Deo’H.
165
NovlO
104 4 Deo’lO
103
Rutland 1st con gen 4 48.1941 J-J
101
lo L I
6 100
Butland-Canadlan 1st4s 1949 J-J
101*4;
904 PecT0|...J| 89
99**1 Savannah Elec 1st cons 58.1952 J-J
1134 Deo 10 ...J 1134115 4! Seattle Elec 1st g 5s
1930 F-A
126
Oct TO
135
10 i
8-84
864
....
75
1004 Deo’lO
133 \ Sam
-
87*4 Dec’10
-
Unstamped 1st 6s
January
|
High. No\ JjOw High j
Row
102 4
108 4
Ohio jo By A Stk Yds 5s .1916 j-J
Coll trust refunding g 481940 A-O
0b MU A St P Dub D 6s.. 1920 J-J
Ob M A St P Wis V div 6sl920! J J
Ohio a No Mien 1st gu 6s. i93i M-N
ObiO A W Micb gen &S....19211 J -D
Concord A Mont oona 4s.. 192o| J -D
Oonn A Pass B 1st g 4s... 1943 A-O
GU NorC B A <4 coil
Registered 4s
!o-S
BOSTON STOCK EXCH’GK
Week Ending Deo 30
Since
903, Bale iI 90°S
90 v 49
1054 106*4 1043, Deo’lO!..
...j 87*, Sep TO ..
108
Dec ’10..
90 I 87
87
87 j
994 99*4' 984 Dec’ 10 ..
90
914 91»,
4-Nov’lO ..
914 91*4 903b Dec’io!..
Atl Gull A W ISS Lines5s.’69 j-J
Boston Elect L oonsoi 6s. 1924 M-S
Boston A .Lowell 4s
1916 J-J
Boston <* Maine4‘as
1944 J-J
Boston Terminal 1st 3 4s. 1047 F-A
Bor A Mo Riv cons 6s
1918 J-J
Butte A Boston 1st 6s
1917 A-O
1st
Butte ElecAPow
*58.1961 j-D
Cedar Bap A Mo B 1st 7s. 1916 M-N
Cent Vermi 1st g4«..May 1920 u-F
C B A G Iowa Div 1st 6S.1919 A-O
Iowa Div i8t 4s
1919 A-O
Debenture 6s
1913 M-N
Denver Exten 4s
1922 F-A
Nebraska Exten 4s
1927 M-N
BAS Wsf 4s
1921 M-S
Illinois Div 34s
....1949; J - J
DON i»
Range
Last sale
1024 Sal*
j. j
M- 8
J. j
M-N
Ss
Weetfs
Range or
Price
a sk
Stamped
50-year conv 4s
10-year conv 6s
1759
Boston Bond Record
311910.]
J-J
M-S
J-J
J-J
J-J
M-N
M-N
F-A
M-S
M-N
F-A
J-J
J-J
964 Sait
1134 H6*4
984 99
1034 1034
.
704
103
88
110
1004 100*4
9941014
1044 109*4
I
I
974
954
145
166
10141054
07
984
984 J’ly’io
101*4 J’ue’09
084 Apr’10
Deo TO
98
96°»
08*4
94*4 JanTu
* No pnoe Friday; latest bid and asked.
784
1044
994
98 4
97
944
99
99
944
04*4
D Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
share Price*—Nut Per Centum Prices
Range lor Previous
Fear (1909)
Bales
ACTIVE STOCKS
the
I Week (For Bonds and Inactive
Stocks see below)
Shares
of
Saturday
Dee 24
Monday
Tuesday
Wednesday
Thursday
Friday
Dee 26
Dee 87
Dee 28
Dee 29
Dee 30
| Highest,
Lowest
i
!
644
125
*20
......
1
*20
*42
154
Q
*89
*125
126
104
164
164
65
90
126
i
j
!
!
Do
ft
OQ
►3
ft
>
OQ
42 4
42 4;
42*a
s2*b
42
42
424
*11*4
47*4
424
11 *4 !
484
42 4
42-v
424
42 4
33s*
794 794
33*,
ft
G
M
*11V 114
794 89
48
34
79
33 4
484
Mar21
Mari l
Jau
*
64 4 Deo 8
30
90
J’ly 14 76
132
Feu28 100
274 Jan 6
11*,
47
Jau 8
22*4
16 4 D6029
9*4
03
03
03
89 4
93
644
694
104
034 b34
004 00*8 a#*11!®
64 4 «4»ia
644
59 4 604
50*,
164
164 164
18 4
184 18*8
75V
74*4 75#ie
84
*8*n
64
64 4
64
494
164
184
40 4
743i« 744
84
42*4
85*4
Bid
84
43
8$ 4
Ask
60
KeystoneWatohCase.100
Leh yall Tran v 10...6O
Preferred v t c
60
Lit Brothers
io
Little Sohuylkiii
50
Minehili A Schuyi H..50
N Haven iron A steel.6
Northern Central
50
“4
444
454
20
Preferred
100
Phila Co (Pitts) pref...60
Phil German A Norris.50
Phila Traction
60
204
30
64
18 4
125
04
84
6*4
194
126
110
*424
42*4
834
Railway* General
10
Susqueu Iron & Steel..5
Tidewater Steel.
10
Preferred
..10
Union Tr of Ind
loo
United N J BB A C.. 100
Unit Trao Pitts pref..60
Warwick Iron<6 Steel.lo
WelsbaohCoi,........100
West J ersey A SeaSh.50
Westmoreland OoaL...60
Wilkes Gas A Elec.. 100
43
86 !
86
43
86 4
43 4
884
PHILADELPHIA
AmUyscouvCa 1911. J-D
Atl
City 1st 5s g T9.M-N
Bergdb EBrw 1st 6s’21 J-J
Betuie Steel 6s 1998.(J-F
Chuc«te Me 1st 5s 1049 J -J
Ch ok A G gen 5s T9 J-J
Con True of N J 1st os.’33
E A A 1st M 6s 1020 M-N
Elec <fis Peo Tr stk tr otfs
Eq li Gas-L 1st g 5s 1028
Indianapolis By 48.1933
84
North Pennsylvania..50
Pennsyl BB receipts....
Pennsylvania salt
60
Pennsylvania
eel.. 100
43
are all “ and
interest."
Alt «6LV Eleo e 4s’33.F-A
Am Gas A Elec 5s’07. F-A
loo
Keystone Telephone ..50
74Le 744
84
8*4
Interstate 4s 1943 ..F-A
Keystone Tel 5s 1935.J-J
Bid
I Ask
824
83
90
••••••
ioo*’
116
lu8
1184
1924
107
87 4
106
544
804
88
55
Lehigh Nav 4 4s T4.(^-J
Bits 4s g
1914.tj-F
Geu M 4 4s g.l024.<j-F
Leh V C 1st 6s g ’33..J-J
Leh V ext 4s 1st 1948. J-D
Consoi 6s 1923
J-D
110
Consol 44s 1923...J-D
Annuity 6s
J-D
1484 149
Gen cons 4b 2003.M-N
Leh V Trau con 4s’35J-D
1st series B 5s 1035.M-S
N ew Con Gas os 1948 J .D
Newark Pass con os 1030
N Y Ph A No 1st4s ’39 J-J
Inoome 4s 1030...M-N
N oOhioTrao con5s’ 10. J-J
Penn Cons 6s 1019
Var
Penn A Md Steel con 6s.
Pa A N Y Can 58 ’30. A-O
Con 48 1939
A-O
Penn Steel 1st 5s T7 M-N
10
104
80
41
••••••
......
4Bid and asked; no sales on this day.
P Co lstdb col tr 68*40 M-S
Uoudb col tr 5s 1951M-N
Phil Eleo gold trust otfs.
Trust oertlfs 4s
P A E gen M 6 g ’20. A-O
Gen M 4s g 1920..AAO
TJ Ex-rights.
H $15 paid,
401
PHILADELPHIA
Ph A Bead 2d 5s '33. A-O
Con M 7s 1911
J-D
Ex Imp M 4s g ’47. A-O
Terminal 5 a g 1941.tj-F
P W A B col tr 4s *21.J-J
Portland By 1st 5s L930.
Boch liy& L con 5s ’54J -J
Spanish Am ir 6s ’27 J-J
Stan’d Gas <&E 6s ’26 M-N
U True ind gen os’lu.J -J
Un ltys Tr ctis 4s’40J&J
United Rys Inv 1st coil tr
S f 68 1926
M-N
U Trao Pit gen 5s ’97 J-J
Welsbach s 15s 1030.J-D
Wlks-B GcfcE con5s’65J-J
UALTLUOEk
Inactive Stocks
Ala Cons CoaUft li on. 100
974
97*6
Pref
loo
Atlanta <fe Charlotte..luo
Atian CoastL (Conn)ioo!
Canton Co
.....100
Cons Cot Duck Corp. ..50
Preferred
..50
Georgia Sou A Fla...100
1st pref
100
2d pref
loo
G-B-S Brewing
100
Bonds
Prices are all ** and
interest
Anaoostia A Pot 5s
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of inuebt 4s....J-J
6-20 yr 4s 1925
J-J
Balt CPass 1st 5s ’ll M-N
Balt Fundg 68.1016 M-N
..
People’s Tr tr certs 4s ’43
Asphalt tr ctis ....100
Do
prei tr ctfs
100
Keystone Telephone... 50
Lehigh 0 A Nav tr ctis.
9,022 Lehigh Valley
644 1,439 Pennsylvania BB
514 4,434 Phiiadelp’aCo (Pittsui.
164 4,045 Philadelphia Electric ||.
184 l,9a0 Phila Rapid Transit...
754 7,965 Beading
6®1« 1,076 Tone pali Mining
43
43 4 1,500 Union Traction
$S54 85*4 1,817 United Gas Impt
Prices
100
Indiana Union Tr....lOO
Insurance Co of N A..10
Inter Sm Pow & Chem.60
184
Lake Superior Uorp....iOu
034
8tt4
lionets
inactive Stocks
Amai Asbestos Corp. 100
Preferred
100
American Milling
10
Bell Telephone (Pa). 100
Cambria Iron
60
Central Coal A Coke. 100
Consol Trao of N J... 100
Easton Con Electric 6.60
Ft Wayne &W V
loo
Germantown Pass
60
164
18 4
4,140
*84
294
93*4
20
484
04
29 4
9 4
294
2b**
994
Gen
70*4
1,863
1,175
34
4 89
50
216 American Railways.... bo
354 Cambria Steel
50
Electric Co ol America 10
**4*10 Eleo Storage Battery.. 100
11 *4
484
Exchange 3 4a 1030 J-J
024
934
101*4 102
96
064
102
77*4
1074
‘8%
1004
f $124 paid,
Balt A P 1st 6s m 1 ’ll A-O
BSPdbC 1st4 48 ’53F-A
Balt Trao 1st 5s..’20 M-N
No Balt Div 5s 1042 J-D
Csnt’l By oon5sl032 M-N
Ext<fc Imp 58.1032 M S
Chas City By 1st 5s’23 J-J
t $134 paid.
^ $35 paid,
Deo
Mai 48
Mar 89
May
Jan 1214 Dec
284 Deo
Feb
Feb
Feb
48
Deo
14 4 Deo
I
American Cement
424
33*,
794
34
264
184
PillLA DELPHI A
424
*114
484
28*4
164
11*4
48
34 4
20
42
42
20
G
Preferred
*11«S
474
o-a
O
Indianapolis St
80
Philadelphia
*17
H
Pipe Mfg
46
60 115
21
100 Jo<4 J’ly 29
43 !
Do 2d pref
100 40 Oct 17
100j
164 16V 1,760; United By A Electric.. 50; I24 May 3
*42
W
Amer
100
prei
10 Northern Central
200 Seaboard (new)
1041 *20
42 4
16*s 16 4
42 4
44
*
*
*644
644
9o
*
*125
Baltimore
21 Con. Gas EL L. A Pow.100
Dec 22
17
41*, J’ly 21
404 J’ly 20
li*, J’ly 29
2.8
Jan
3
101
Dec
42
J’neiu
19 4 J’ly 20
64
J’ly 20
7
J’ly 6
15 4 J’neJO
86
J’ne3o 123
Jan 7;
624 J’ly 27 i 2 L 4 Marl&|
63 4
Feb
14 4 Dec
364 Apr
Poh
Jan
Feb
86*4 Sep
6*4 Jan
604 Jan
84*4 May
Mar
584 May
05 4 Dec
BA L i'Lii DUE
Bid
94
,1014
Chas By G A Ei 5s ’99 M-S
Cliarl C A A 2d 7s’10 A-O
City«fe Sub 1st5s. .’22 J-D
City A SuU(Was)l8t5s’48
Coal A 1 By 1st 5s ’20F-A
105
102
102
105
108
09 4 190
CofdfcGinv 1st 68.1916 J-J
9841 99 4 Consol Gas 6s..1939 J-D
Ctfs iudebt 4 4S.....J-J
1014 101*4
Cons G E A P 4 ^s ’35. J -J
I00*b
Fair«fc Ci Tr 1 st 5 s ’38. A-O
76
Ga& Aia 1st con os '46J -J
GaCarJeN 1st 5sg’29 J-J
83 V 834 Georgia P 1st 6s...’22 J -J
GaSo A Fia 1st 6s 1945J -J
G-B-S Brew 3-4s 1951M-S
87*4
101
2d income os 1951 M-N
Kuoxv Trac 1st 5s ’26A-0
LakeB El 1st guos’42M-S
MaconBy<&Ltlst5s'53J-J
Memphis st 1st 5s’45 J-J
M ets t( Wash) 18 t5s’25 F A
115
121
6*4
74
22 4 23
Mt Vei Cot Duck. 1st 6s.
N pt N<VeO P 1st 5s’38 M-N
30
95
35
97
Nor&PorTr lst5s’36J-D
Noifuik St 1st os ’44..J-J
North Ceut44s 1925 A-O
Senes A 5s 1926
J-J
70
1
75
14
Series B 5s 1926
J-J
Pitt Uu Trao 5s 1997.J-J
polo Vai 1st 6s 1941..J-J
1004
103
90
100
104
024
100
94 4
107 4
1004
106
105
Sav Fia <& West os ’34 A-O
Scab A Rouu 5s 1926.J-J
South Bouud 1st 5s..A-O
101
U El L*teP 1st 4 4s’29 M-N
U U By A Ei 1st 4s ’49 M-8
Income 4s 1940
J-D
ioo 4
Funding os 1036...J-D
.....
1044 VaMid 24 ser 6s Tl.M-S
3d series 6s 1016..M-S
034.
4th ser 3-4-6s 1921.M-S
5th series 5s 1026.M-S
94*4
••••••
107*4
110
110
100
a Receipts.
Va (State) 3s new ’32.J-J
Fund debt 2-3s 1001. J-J
West N O con 6s 1014 J -J
Wes Va CAP 1st 6gTl J-J
WU A Weld 5S..1935.J-J
J’iy
334 Dec
844 Deo
15
Apr
33 4 May
125 4 Deo
113
Sep
754 Sep
614 Dec
Ask
I
Deo
49°a Deo
124 J’ly
06
Jan
67
Fob
03 4 Feb
4u4
114
247b
594
Jau
43
48
44r>8 J’ly
32 "a f eu
12 4 Jan 14 xio'i'a Jan
43
Jan
044 Mar 11
15 4 Jan
34*s Leo 15
53
Jan
K44 Jan 10
13
oan ruj
04 Jan
14*, Jan
207a Dec 29
50
60
50 6Hii«J.’ly 26 6«*kj Mar 9;
50 42 J’ne3o 634 Jan 8;
25 |137S feu 3 164 Mar 18]
50 t5 Apr 28 284Jan 3
Feb Itt
60 604 J’iy 26 86
6 4 Jan 2"
1
01ioMayi3
50 38
Oct 24 52*4 t an 6
60 79 J'iy 26 954 Jan 10
Bid
25
60
Jan
6
53 4 Jan iO
844
Ask
98
ioo**;
1024
102 4
107
1084
85
96 4 964
105
105 4
105
1054
113
115
107
100
43 4 43*4
a
0
102
104
102 4
95
105
00
97
98
107
no
744 74*
95
82 >« 824
105
106
1074
lio
110
102 4
108
110
v-
.
106
108
no
02
90
84 4
02
81*, 85
luo 4 1001*
108
61*«
104
105
88
88
89
1054 106k
IOO** 1004
110
112
6325 paid. o$30 paid. <f $42 4 paid.
1760
THE CHRONICLE
Volume of Business at Stock
TRANSACTION^
Exchanges
tVoL.LXXXXI
Electric Companies
Chicago Edison Co—See
Bid
Gr’t West Pow 5s 1946...
Ai
85’2
Idli NEW YORK. STOCK EXCHANGE
Week ending
Dec. 30 1910.
Shares.
Saturday
Monday
Tuesday
Wednesday
40
70
Railroad,
Ac.,
State
Bonds.
Bonds.
Par value.
V. s.
Bonds.
1st g 4s 1949
HOLIDAY
Friday
Total
$24,764,550
21,656,400
25.567,900
25.625.100
1.105,630
$2,065,000
1.730,000
$143,000
102,000
311,000
204.000
3,103,500
2,398.000
$97,613,950
$9,296,500
$500
500
75
76
77
4112
63l2
42l2
6412
78
84
$760,000
$1,000
e
•
Sales at
New York Stock
Week ending Dec. 30.
Exchange.
1910.
Stocks—No. shares
1909.
1910.
$1,000
760.000
9.296.500
”$26i;o6o
23,887,500
42,439.550
5(0,849,700
S771,200
37,115,700
1,279,404,100
$10,057,500
$24,148,500
$633,650,950
$1,317,291,000
TRANSACTIONS
AT
THE
..
Northwestern Teleg
1909.
3,700.724
165,061,924
214,632,194
$97,613,950 $349,256,400 $14,721,499,225 $19,633,970,150
$2,000
$42,800
$1,103,190
$425,250
Total bonds
Gold «fc Stock Teleg.
$351,700
BOSTON
AND
PHILADELPHIA
119*2
105
65
40
110
Jan. 1 to Dec. 30.
1,105,680
Par value
Bank shares, par
Bonds.
Government bonds
State bonds
RR. and mlsc. bonds..
X116
Comm’l Un Tel (N Y)...
50
„
^
^
no
118
60
X90
90
99
100
Guggenheim Explor'n_.100
_
Ferry Companies
B & N Y 1st 6s 1911
J-J
100
M-N
NY4ER Ferry stk
1st 5s 1922
N Y & Hob 5s May '46.J-D
Hob Fy 1st 5s 1946..M-N
N Y & N J 53 1946
J-J
10th & 23d Sts Ferry... 100
1st mtge 5s 1919....J-D
• Union Ferry stock....100
• 1st 53 1920.
M-N
EXCHANGES.
90
20
97
28
50
60
100
97*2
106
108
96
20
30
65
75
23
26
94
47
Short-Term Notes
Boston.
Week endin']
Dec. 30 1910.
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
_
Listed
shares.
Unlisted
shares.
Bond
sales.
Listed
shares.
Unlisted
shares.
Bond
sales.
HOLI DAY.
HOLI DAY.
.
Total
Am Clg ser A 4s 1911..M-S
Ser 13 4s Mch 15 T2..M-S
Balt A Ohio 4**3 1913.J-D
Philadelphia.
8,673
11,313
12.987
12,224
4,767
6,740
5,539
$30,500
22,200
50,000
29,500
10.609
13.056
13,981
23,667
6,840
4,285
10,161
7,241
$68,000
66,000
115,750
180,326
45,197
24,688
$132,200
61,313
28.527
$430,075
7,642
Outside Securities
All
bond
prices
are
now
Street Railways
New York City
Bleeck St & Ful Fy stk. 100
1st mtge 4s 1950
J-J
B’y & 7th Ave stk
100
2d mtge 5s 1914
J-J
Con
53
194 >—See Stock
B’way Surface 1st 5s gu 1924
Oent’l Crosstown stock. .100
1st mtge 63 1922
M-N
Gsn Pk N & E Rlv stock. 100
Ohrlstoph’l A 10th St stk 100
Ool & 9th Ave 53—See Stock
“and interest" except
Bid
Ask
8
58
80
10
82
Exc
16
65
140
100
list
104
90
8a
15
92
list
95
30
253
95
250
100
40
325
100
325
120
98
Exc
102
m
—
Dry Dock E B & B—
1st gold 5s 1932
Scrip 5s 1914
Eighth Avenue stock
J-D
F-A
100
Scrip 63 1914
F-A
42d A Gr St F’y stock.. 100
,
42d St M & St N Ave--.100
1st mtge 6s 1910
M-S
2d Income 6s 1915
J-J
Vo” 60
Inter-Met—See Stock Exch -ange
list
Lex Av & Pav F 5s—See Stk Exc list
Motropol St Ry—See Stk Exc list
Ninth Avenue stock.... 100
Second Avenue stock—100
1st M 5s ’09 ext TO..M-N
Consol 5s 1948
155
10
99
56
110
60
88
Exc
50
F-A
100
Sou Boulev 5s 1945
J-J
So Fer 1st 5s 1919
A-O
Third Avenue RR—See Stk
Tarry W P & M 5s 1928..
Y'kers St RR 5s 1946 A-O
75
28th & 29th Sts 5s '96..A-O /rtlO
Twenty-third St stock.. 100 190
Union Ry 1st 5s 1942...F-A 100*2
Westchester 1st 5s ’43 J-J
65
$ Sixth Avenue stock
"
180
16
Bid
New York
Cent Un Gas 5s 1927
J-J
Con Gas (N Y)—See Stock
e Mutual Gas
...100
New Amsterdam Gas—
1st consol 53 1948
J-J
N Y Ac E R Gas 1st 5s ’44 J-J
Consol 5s 1945
..J-J
N Y 4 Richmond Gas.. 100
Nor Un 1st 5s 1927
M-N
e Standard Gas com.... 100
• Preferred
100
1st 53 1930
M-N
85
92
list
80
85
20
215
102
75
102
102
170
list
102
Other Cities.
Am Gas A Elec com
50
100*2 101-U
Exc
165
list
100*101
97
35
99
60
90
102
10134
•
Steinway 1st 6s 1922...J-J
.
Other Cities
Buffalo Street Ry—
1st consol 5s 1931
F-A
Deb 6s 1917
A-O
Columbus (O) St Ry
100
Preferred
100
102*2
Oolum Ry oon 5s—See Phi la list
‘Orosst’n 1st 5s 1933._J-D
102
4Conn Ry & Ltg com... 100
73
75
• Preferred
100
79
81
1st & ref 4 'As—See Stock Exc list
Grand Rapids Ry pref-.lOO
82
85
104U • 105
jmn & Bos 1st 5s 1924 .J-D 104 106
• New Qrl Rys & Lgt._.10O
25*ft 25*2
« Preferred.
.....100
67*2 57*4
> Gen M
g 4 As 1935—see § tk Ex list
Bub' Serv Corp of N J... 100 112 114
iTr ctfs 2% to 6% perpet
99
100
4
North Jersey St ;Ry..l00
00
1st 43 1948i
..M-N
74
75
Cons Tract of N J
100
72, 73
1st 5s 1933.......J-D 103
104
mmmm
-
*
tLoulsv St 5s 1930
J-J
«.
•
.
-
•
4s 1958 op
Indianapolis Gas
1st g 53 1952
F-A
50
A-O
175
104
100
50
101
m
-
64
1212
78
Jackson Gas 5s g 1937..A-O / 88
• Laclede Gas
100 10jl2
• Preferred
100
80
Madison Gas 6s 1928...A-C 103
Newark Gas 6s 1944
Q-J 126
Newark Consol Gas
100
96
« Con g 5s 1948
J-D 103
No Hudson L H & Pow—
5s 1938
A-O 100
Pacific Gas & E, com
100
67
Preferred
100
87
Pat & Pas Gas <fe Elec.. 100
88
• Con g 5s 1949
M-S 100
St Joseph Gas 5s 1937..J-J
90
m*
m
„
m
m m
106
♦49*o
Preferred
50 *41
Amer Light A Tract.... 100 288
Preferred
100 103
100
Bay State Gas
50
*2
98*2 Blngh’ton (N Y) Gas Wks
list
1st g 5s 1938
95
A-O
75
Brooklyn Un Gas—See Stk Exc
83
Buffalo City Gas stock. 100
3
80
1st 5s 1947—See Stock Exc
100
Cities Service Co
62
...100
list
Preferred
100
78
Con Gas of N J 5s 1936 .J-J
90
' 10*5*" Consumers’ L H & Pow—
list
5s
1938
J-D 100
92
Denver Gas A Elec
..100 190
105
103
Gen g 53 1949 op
90
M-N
Elizabeth Gas Lt Co.... 100 300
Essex A Hudson Gas... 100 135
Gas & El Bergen Co.... 100
77
• Gr Rap 1st 5s 1915
105*2 107
...F-A
08
104
105*2 Hudson Co Gas
...100 132
96
Indiana Lighting Co.... 100
33
Sklyn Rap Tran—See Stock
Ask
Pub Serv Corp N J (Con)—
New’k Pas Ry 5s *30..J-J 1071: 108*2
Rapid Tran St Ry
100 235 245
1st 5s 1921
A-O 100
J C Hob & Paterson—
4s g 1941
M-N
73*4 7412
So J Gas El & Trac
100 128
131
Gu g 5s 1953
M-S
97*4 981*
No Hud Co Ry 6s 1914 J-J
101
53 1928
J-J 102
Ext 5s 1924
95
M-N
Pat Ry con 6s 1931..J-D 114
2d 63 opt 1914
99
A-O
101
So Side El (Chic)—See Ch lcago list
Syracuse R T 5s 1948 ..M-S 100*2 102
Trent P & H 5s 1943...J-D
95
United Rys of St L—
Com vot tr ctfs
100
8*4
9I4
e Preferred
100
357ft 36
Gen 4s 1934—See Stock Exc
list
Unit Rys San Fran—See Stk Exc
list
Wash Ry & El Co
100
32i2 3384
Preferred
86
100
861*
4s 1951
J-D
83'4’ 83l2
60
126
'
•
Street Railways
Gas Securities
Brooklyn.
Atlan Avenue RR—
Con 5s g 1931
A-O 100
» B & W E 5s 1933....A-O
97
Brooklyn City Stock
10 167
Con 53—See Stock Exch ange
Bklyn Hgts 1st 53 1941 A-O
98
Bklyn Queens Co & Sub—
« 1st g 5.3 *41 op 1916 _J-J
98
• 1st COU 53 *41 op T6 M-N
97
Exc
9ney Isl & Bklyn
100
60
1st cons g 43 1948
J-J
78
Con g 43 1955
J-J
75
Brk C & N 5s 1939...J-J
95
Kings Co El 4s—See Stock Exo
Nassau Elec pref..
100
5s 1944
....A-O 103
1st 4s 1951—See Stook Exc
If W’b’g & Flat 1st ex 4Hs
87
where marked * f.’
Bethleh Steel 6s 1914..M-N
Chic & Alton 5s 1913..M-S
CIn Ham A D 4s 1913...J-J
C C C A St L 5s, June 1911..
Hudson Companies—
6s Oct 15 1911
A-O
6s Feb 1 1913
F-A
Interb R T g 6s 1911..M-N
KCRyi Lt 6s '12
M-S
Minn & St L g 5s 1911..F-A
• NYC Lines Eq 5s Tl-’22
4 A3 Jan 1911-1925
N Y N H & H 5s T1-T2
St L A S F 4 As T2 op.F-A
5s Mch 1 1913
M-S
South Ry g 5s 1913
F-A
Tidewater 6s, 1913, guar...
Wabash 4 As 1913
M-N
West Telep A T 5e ’12.F-A
Westlngh’se El & M 6s 1913
• 5% notes Oct 1917.A-O
293
105
68
100
list
5
list
9S5g
54.60
4.36
10034
9S34 99*4
9978 ICO**
99'8 100*4
100*2 101
98U 9858
96
96*2
98
98*2
101U 1015ft
997ft 100*4
1008S 10034
9o*2
—
■*47ft
s
f g
5s T9 red 105. J-J
Pot share.
5 Basis.
•
Sells
on
Stock
Exchange, but
2Y6"
93
102
100
list
101*2
69*2
_
_
5*4
68*2
*7*«
♦18
_____
7U
19
234
"
Casualty Co of Amer...
,
>
50
125
132
1
10
3*2
55
128
_
_
5
20
....
/ 31
35
700
102
*21*2
103
98_
1
2d preferred
Col A Hock Coal A I pf.
•
)
89
91
101
94
)
58
101
102
93
93
215ft
62
105
106
96
4
22
n
Nominal,
.
s
-
41
Sale price,
*7ie
*078
®14
7
200
86
35
6
12
8
103
30
591ft
110
93
97
3384
90
160
91
93
3
47
50
104
110
128
160
105
Preferred
100
1st 6s 1948
J-D
Internat Smelt A Refg-.lOO
Internat Time Record.. 100
Preferred
100
nes A Daughlln Steel Co
1st s f g 5s 1939
M-N
e Lackawanna Steel..
100
e 1st con 5s iy50.__.M-fc
eDeb 5s 1915
M-S
La ns ton Monotype
100
Lawyers’ Mtge Co
100
Leh A Wilkes-B Coal
50
.
N Y Air Brake 6s—See Stock
Y Biscuit 6s 1911
M-S
Mew York Dock
100
« Preferred
100
N Y Mtge A Security
100
N Y Transportation
20
Nlles-Bem-Pond com
100
Nlplsslng MJne3
5
Ohio Copper Co
10
Otis Elevator
Preferred
Standard Milling Co
Tonopah Min (Nevada)
Trenton Potteries
Preferred new
com.
’
Stk^E
*18
190
65
200
7«
60
list
'
95
35*
68
210
5U
98
!^10t2 1034
*13» l“l«
1*2
2U
48
97
50
98
+227ft
t
Exc
53
74
41
list
56
*
78
10212 104
142
146
116
180
107
190
123
I
330*
3
7
Ye'
'
r
3
16
60
84
618
Exc
Exc
Exc
95
135
734
1
.100
100
Preferred
50
United Cigar Mfrs
100
« Preferred
100
United Copper
100
Preferred
100
U S Casualty
—100
U S Envelope com
100
Preferred
100
U S Finishing.
100
Preferred
100
1st g 5s 1919
J-J
Con g 5s 1929
J-J
U S Steel Corporation—
Col tr s f 5s 1951 opt ’ll
Col tr s f 5s *51 not opt..
U S Tit Gu A Ihdem.... 100
e Utah Copper Co—See Stk
Westchester A Bronx Title
195
list
*412
100
Trow Directory
100
Underwood Typewriter. 100
Preferred
100
Union Typewriter com.. 100
1st preferred
.....100
2d preferred...
100
United Bk Note Corp
50
1061ft
x
"10
30
Exc
100
100*
—
61
104
8
113l2 1151ft
100
Preferred
100
1st 5s 1930
M-N
Standard Oil of NJ
100
Swift A Co—See Boston Stk
1st 5a.
See Chicago Stk
Texas Company—See Stock
e Texas A Pacific Coal.. 100
Title Ins Co of N Y
100
"Yu
*1
59
103
100
100
Preferred
921ft
248
265
145
45
230
135
35
85
50
Adjust M 5s Apr 1 1931..
Standard Coupler com. .100
92*
91*2
50
Preferred
Pratt A Whitney pref.. 100
Producers OH
100
Realty Assoc (Bklyn)
100
Royal Bak Powd com
100
Preferred
100
Safety Car Heat A Lt
100
Seneca Mining
25
Singer Mfg Co
100
South Iron A S com.... 100
Preferred
100
Standard Cordage
100
1st M g 5s ’31 red
A-O
95
6
52
80
108
112
135
185
110
102
42
X90
244
Pittsburgh Coal—See Stock
com
“93"
35
85
100
100
com
34U
100
101
_
Madison Sq Garden..... 100
2d 63 1919
M-N
Manhattan' Transit
20
May Dept Stores...
100
Preferred *L.
100
50
Monongahela R Coal
Preferred .J.
..50
Mortgage Bond Co.....100
Nat Bank of Cuba
100
National Surety
....100
e Nevada Cous’d
Copper. See
Nev-Utah Min & Sin
..10
105
35
10112 103 *
8
77ft
46
471ft
100
A-O
10U
..A-O
4
45
30
60
108
125
60
340
6
12
*4
18
4
40
1*8 "
54
87
620
list
list
list
10Q
140
8
8
55
*62“
99*2 10QU
48
51
104
103
*49
*50
61*2
100
4
10
215
50
110
92
105
100
95
108
107
52
52
63
103
X*
113
97
110
105
100
114
114
114*9
Exc
Hal
A Mtge Guar....
.100 160
Westingh’se Air Brake.. 60 *
West El & Mfg 5s—See 8tk Exc
Wor thing t’n Pump pref.100 104
166
.
-.--
45
45
45
3
Mflat price,
new.
...
....
92*2
1055ft
not very active
122*2
160
125
224
103
10
30
62
97*2 102
101
104l2
5612
International Niokel..._100
Pope Mfg Co
22
85
95
tk Ex list
125
127
123
127
250
257*2
118
122
105
106
/ 39
*
180
8
10
55
4
Hoboken Land & Imp. .100
1st 53 Nov 1930
Houston OH
100
Preferred
100
Hudson Realty
100
e Ingersoll-Rand com...100
e Preferred
100
Intercontinental Rubber 100
Internat'l Banking Co.. 100
Preferred
90*2
412
416
40
42
98
101
97
100
2U
3*2
29U 30
89
90
M-N
104
Herring-Hall-Mar
Pittsburgh Brewing
Industrial and Miscel
Adams Exp g 4s 1947..J-D f 89*2
Ahmeek Mining
25 *170
Alliance Realty.
100 117*2
American Book
100 155
American Brass
100 X120
American Chicle com
100 218
100
Am Graphophone com.. 100
5
Preferred
100
23
Amer Hardware
122
Am Malting 6s 1914
J-D 100
Amer Press Assoc’n
100
95
Am St Found new—See S, tk Ex
6s 1935
A-O 101
Deb 4s 1923
F-A
68*2
230
American Thread pref....
*434
Preferred
1(
Bethl’m Steel Corp—See
Bli3s Company com.... i
94
68
9984 100U
94
150
84
82
82
85
612 13
25
145
85
20
M-S
100
International Sliver..-.100
....
1st
1922
991ft
Railroad
Deb g 6s 1939
1st 6s
98U
98
1001 *
*1*2
Hecker-Jones-Jewell Milling
973ft
97&s 98*ft
100U 10034
13
75*2
1«»
93*2
195
Hackensack Water Co—
Ref g 4s ’52 op 1912 ..J-J
Hall Signal Co com
100
Havana Tobacco Co
100
Preferred
100
1st g 5s June 1 1922 .J-D
9t>7g
993s
Ask
12175
•
Preferred
1st g 5s 1932
International Salt
1st g 5s 1951
67
65
79
80
101
136
35
65
25
83
997S IOOI4
9fc34 99*4.
Chic Peor A St L—
Prior lien g 4^s ’30.M-S / 85
Con mtge g 5s 1930...J-J /....
Income 5s, July 1930
Chicago Subway
100
434
Kan & Col Pac 6s 1938.F-A 107
109*2
Nat Rys of Mexico—See S t Exc list
Northern Securities Stubs..
105
115
Pitts Bess ALE
50 *30
35
Preferred
50 *6212 72*2
• Railroad Securities Co—
III C stk tr ctfs ser A
52
90
95
Seaboard Company—
1st preferred
100
78
80
Com & 2d pref—See Bal t Exc list
Seaboard Air Line—
Coll 53 ext May 1911.M-S 100
100*8
West Pac 1st 5s 1933..M-S
92*4 92*2
51
42*2
Industrial and Miscel
Crucible Steel
100
e Preferred
100
Davls-Daly Copper Co
10
e Diamond Match (O...100
1 Pont (E 1) de Nem Po 100
e Preferred
100
• Gold 4 A3 1936
J-D
Electric Boat
100
Preferred
100
Empire Steel
100
Preferred
100
• General Chemical
100
e Preferred
100
Gold Hill Copper
1
Greene-Cananea
20
«
HOLI DAY
273,578
239,539
291,879
300,604
Thursday
DAILY
J-D
Bid
87
127
91
50
80
125
*x8J
DAILY. WEEKLY AND YEARLY.
Stocks.
Ask
list
cago
t New stock,
x
Kx-dlv.
114*5
92*9
v
140
list
107
Ex-right)
Deo.
1761
THE! CHRONICLE
31191#.]
|uweslmetil and Railroad Intelligence.
rtAlLrtOAD
GrtOSS
c.
ARNIiN GS.
following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The
can
be obtained.
The returns of the electric railways are brought together
period
Current
Year.
Week or
Month.
on a
subsequent page.
Previous
Year.
Week or
Month.
ROADS.
Pretious
Year.
Current
Year
July 1 to Latest Date.
Latest Gross Earnings.
July 1 to Latest Date
Latest Gross Earnings.
ROADS
separately
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
5
S
$
Ala N O ATexPacN O A No, East.
Ala & Vlcksburg.
Vlcks Shrev A P_
AlaTenn A North..
Atch Topeka & S Fe
Atlanta Blrm & Atl
Atlantic Coast Line
Baltimore A Ohio
B & O Ch Ter RR
Bangor & Aroostook
Bellefonte Central..
Boston A Maine
Bridgeton & Saco R
Buir Roch & Plttsb.
Buffalo A Susq
Canadian Northern.
Canadian Pacific
Central of Georgia..
Central of New Jer.
g
Central Vermont
Chattanooga South.
Ches A Ohio Lines.
Chicago A Alton
Chic Burl & Quincy
hlc Ind
& Loulsv.
West_.
gChlc
Great
Chlc Ind A Southern
Chic Mil A St Paul.
Ch MU & Pug Sd.
Chic & North West.
Chlc St P M A Om.
Cin Ham & Dayton
Clev Cln Chic & St L
Colorado Midland..
Colorado A South
N Y N H A Hartf__
e N Y C A Hud Riv_
1,421 .844
Lake Shore AMS
712 ,767 I
n Lake E A West
613 ,646 i
Chic Ind A South
31 ,837 |
November.
296,052 1,488,071
328,512
766,926
November.
161,503
157,753
659,944
November
133,861
140,911
45,890
November.
11,65b
7,246
November. 9,983,088 3,628,529 46,074,213 44,507 ,765
1,226 ,760
1,344,004
3d wk Dea
51,630
84,387
October
November
November
October
November _i
October
October
3d wk Dec
_
September
2,557,255 2.503.776 9,021,842 8,334 ,50S
7,470,106 7,524,610 10,154,450 38,043 .200
514 ,726
682,543
111,867
130,036
950 ,551
995,959
256,084
289,559
28 ,145
39,634
8,566
7,083
4,085,314 3,914,354 16,215,892 15,573 ,202
19 ,181
20,479
4,456
3,828
166,550 4.719,989 4,502 ,527
192,286
663 ,683
593.853
236,890
202,422
253,700 7,698,200 6,463 ,500
285.900
2,065,000 1,873,000 53,019,368 47,234 .754
5,926 ,492
257,200 6,332,851
288.900
2,418,345 2,459,702 9,645,744 9,182 ,359
1,394,142 1,370 ,465
352,353
393,707
2,055
2,047
599,175 16,004", 12 7 14,918,531
698,543
279.375 7,412,285 6,883,587
332,914
8,909,593 8,363,547 32,759,270 30,896,895
235,220 6,296,591 5,691,026
280,027
103,242 3,052,911 2,897,009
105,051
3d wk Dec
3d wk Deo
3d wk Dec
October
October
3d wk Dec
3d wk Dec
3d wk Sep
October
3d wk Deq
3d wk Deo
—See New York Cen tral.
October
6.508.261 6,553,305 24,352,306
October
1,319,990 1,029,687 4,795,113
_.
__
_.
7,378,280 7,499,670 27,750,328 27,238,044
October
1,662,073 1.494,236 5,987,850 5,261,453
November.
898,534 4,246,134 4,234,784
802,435
—See New York Cen tral.
243,962
October
203,964
3d wk Dec
314,935
329,051
..
September
60,180
Cornwall
October
11,906
Cornwall & Leban..
Octooer
October
Copper Range
Cuba Railroad
Delaware A Hudson
Del Lack A West..
Denv A Rio Grande
Denver N W A Pac
Det Tol A Iront Sys
Ann Arbor....
Detroit A Mackinac
Dul A Iron Range..
Dul Sou Sh A Atlan
El Paso A Sou West
Erie
Fairchild A Nor E.
Fonda Johns A Glov
Georgia Railroad
.
Georgia South A Fla
Grand Trunk Syst__
Grand Trk West.
Det Gr Hav A Mil
Canada Atlantic.
Great Northern Syst
Gulf A Ship Island.
Hocking Valley....
Illinois Central
Internat A Grt Nor.
a Interoceanic Mex.
Iowa Central
Kanawha A Mich..
Kansas City South.
K C Mex A Orient..
.,
28,431
190,692
..
1,948,931
October
October
3d wk Dee
4th wk Nov
3d wk Dec
3d wk Dec
3d wk Dec
October
3d wk Dec
November.
November
November
November.
November.
—See Sout
3d wk Dec
2d wk Dec
2d wk Dec
2d wk Deo
November
October
October
November.
3d wk Dec
3d wk Dec
3d wk Dec
October
October
3d wk Dec
November.
October
.,
__
.
_
_
_.
Lehigh Valley
Lexington A East..
October
Long Island
Louisiana A Arkan October
Loulsv Hend A St L October
_
_
.
wk Dec
f Loulsv A Nashv..
Macon A Birmlng'm November.
3d
Maine Central
October
November.
_.
Maryland A Penna.
23,610,689
..
Octooer
69,518
14,020
39,575
156,698
1,836,202
758,162
8,555,685
197.688
60,125
131,681
821,883
7,212,815
867,475
8,182,833
209,997
56,644
153,312
641,234
6,704,037
3,218,296 3,261,250 12,354.823 12,257.177
383,300 12,260,995 11,680,289
433.900
546,693
489,411
15,897
18,668
793,725
996,131
33,885
28,971
897,962
975,203
37,178
40,973
569,978
565,489
19,159
19,414
4.516.927
5,484,405
922,872 1.280.069
54,788 1,651,859 1,632,162
52,362
633,682 3,009,652 2,962,257
638,591
4,818,007 4,976,993 25,049,655 23,871,535
9,715
10,285
2,212
2,269
387,857
428,456
66,191
72,290
1,302,171
1,348,343
286,481
306,134
hern Rail way.
845,465 21,761,007 21,626,156
878,140
100.333 2,692,377 2,791,778
127,843
938,420
954,571
40,660
45,940
800,899 1,008,071
36,255
28,391
31,078,621
30,240,657
6,135,465
5,698,315
698.603
655,570
207,313
179,553
782,298 2,945,970 2,774,562
759,569
5,348,567 5,126,767 26,112,196 24,420,838
472,837 4,240,296
172,000
179,000
190,435 4,037,232 3,838,828
167,810
1,675,395
1,694.889
76,883
86,308
937,125
255,536 1,182,009
290,685
861,897 3,527,437 3,018.670
951,102
955,971
822,741
32,900
39,600
3.271.262 3,302,220 15,680,343 15,214,924
173,594
151,392
84,866
39,858
Inc.2 60 .238
Inc.62 ,744
427,821
477,386
111,457
113,838
396,844
426,611
104,591
108,944
1,140,585 1,045,805 26.393,336 24,603,599
67,015
65,863
14,679
14,456
782.135 3,302,965 3.252,151
823,574
199,832
182,683
33,720
36,747
161,000 3,639,100 3,361,000
152,000
774,446
411,319
122,973
218,690
a Mexican Railway. 1st wk Dec
a Mexico Nor West. October
—See New York Cen tral.
Mlchtgan Central
354,372
415,899
3d wk Dec
16,117
13,413
Mineral Range
3d
wk Dec
95,828 2.652,239 2,575.896
109,847
Mlnneap A St Louis
12,140,958
3d
wk
11,398,321
Dec
378,574
402,249
Minn St P A S S M]
Chicago Division/
Mississippi Central, October
307,977
278,033
82,042
77,541
u Mo Kan A Texas. November. 2,867,469 2,433,439 13.123,633 11,858,586
Mo Pac A Iron Mtl
966,000 26.106.363 25,633,275
993,000
Central Branch./ 3d wk Dec
,019,241 1,009,213 3,873,282 3,790,626
Nashv Chatt ASt L October
,260,968 1.167.776 30,225,720 26,598,235
a Nat Rys of Mex.f. 3d wk Dec
197,645
256,891
7,150
5,802
Nevada-Cal-Oregon 3d wk Dec
34,344
32,888
7,573
7,900
Nevada Central.... November
575,503
430,656
117,864
139,005
N O Great Northern October
828,363
741,140
36,827
N O Mobile A Chic. Wk Dec If
41,928
702,628 3.482,661 3.134,981
743,446
N Y Ont A Western October
..
Michigan Central.
Cleve C C A St L_
Peoria A Eastern
Cincinnati North.
Pitts A Lake Erie
Rutland
N Y Chic A St L.
Toledo A Ohio C.
Tot all lines above
N Y Susq A West..
Norfolk Southern..
Norfolk A Western.
Northern Central..
Northern Pacific
Pacific Coast Co
October
October
October
October
October
October
October
October
October
Octooer
October
October
October
2d
3d
4th
1st
Id
3d
6th
1st
Id
Id
week Oct
week Oot
week Oct
week Nov
week Nov
week Nov
week Nov
week Deo
week Deo
week Deo
(42
(42
(46
(41
roads)....
roads)....
roads)....
roads)....
(43 roads)....
(40 roads)....
(40 roads)....
(41 roads)....
(42 roads)....
(41 roads)....
Cur’nt Year Pree's Year
$
14.838,200
15,114,753
20.827,936
14,198,835
14,555,083
14,278,852
17,439,211
13,426.551
13,408,331
13,941,920
$
14,158,835
14,512,278
20,204,138
13,836,545
14,373,360
13,578,646
16,978,284
12,665,276
12,525,875
12,947,796
Inc. or Dec.
%
8
4-679.365
+ 602,475
+ 623,798
+362,290
+ 182,623
+700,206
+460,927
+761.278
+882.474
+ 994,124
4.80
4.15
3.06
2.61
1.27
5.16
2.71
6.08
7.11
7.68
.
9,166,923
4,399,008
495,288
327,011
2,706,510
2,868,096
342,741
117.580
1,634,951
331,918
1,093,571
500,823
_
__
__
__
__
__
..
23984419
October
November.
October
October
October
November.
October
306,952
248,034
3,300,513
1,180,907
5,972,746
804,850
4,933,070
_.
Pennsylvania Co
d Penn—E of P A E
d West of P A E.
Pere Marquette
Phlla Balt A Wash.
October
Raleigh A Southp’t
November.
14576084
Inc. 12
October
November. 1,396,486
October
1,660,681
Pitts Cm Ch A St L_ .November. 2,805,751
Reading
Company
October
._
__
13,419
._
_.
Seaboard Air Line.)
Atlanta A Birm. I
Florida W Shore/
Southern Indiana..
Southern Pacific Co
Southern Railway.
Mobile A Ohio...
Cln N O A Tex P.
Ala Great South.
8,889,031 35,971,065 34,064 ,680
4,307,470 17.586.259 16,793 ,474
505,279 2,002,762 1,909 ,892
1,106,586 1,144 ,441
324,804
2,700,718 10,621,999 9,953 ,284
2,585,574 10,858,460 10,126 ,599
204,366 1,317,324 1,126 ,349
450 ,827
484,447
119,076
1.601,088 6,305,250 6,053 ,791
321,384 1,298,688 1,203 ,759
984,127 3.876.976 3,538 ,274
384,832 1,985,879 1,548 ,206
23017745 93.415.703 87,913 ,576
307,807 1,553,088 1,436 ,179
862 ,940
940,040
229,268
3,045,354 12,591,374 11,553 ,005
1,245,307 4.401.377 4,360 ,977
6,690,435 31.464.703 35,681 ,802
758,929 3,142,392 3,030 ,650
4,944,045 20,202,76V 19,011 ,172
14773884 56,599,707 55,079 ,207
Inc.2,28 4,200
1,400
1,390,74G 7,112,861 6,940 ,648
1,564,481 6.846.976 6,166 ,176
2,898,843 14,869,4/i 13,995 ,213
63 ,861
65,567!
14,326
4,148,991 4,000,848 19,041,129 18,344,232
3,874,049 3,532,035 12,553,088 12,392,035
8,023,040 7,532,883 31,594,217 30,736,267
651,228
728,389'
169,694
178,319
380,323
382,926
112,708
95,567
299,844
232,980
10,097
10,297
6,192,888 5,873,960 30,475,548 29,651,036
615,907
644,028
172,227
185,079
4,033,988 3,792,527 18,855,589 18,120,167
5,407,659
4,972,105
1,129,359 1,072,516
224,219 1,207,313 1,085,998
225,077
5,388,425 5,089,263 25,470,507 24,178,270
568.887
707,158
148,417
194,237
220,211 6,106,424 5,511,565
270,633
709,265. 2,641,656 2,828,047
743,496
Phila A Reading- November.
Coal A Iron Co__ November.
Total both cos
November
Rich Fred A Potom October
October
Rio Grande Juno
Rio Grande South.. 2d wk Dec
Rock Island Lines._ November.
St Jos A Grand Isl. October
St Louis A San Fran November.
Chic A East Ill.. November.
/ Evansv A Ter H November.
Total of all lines. November.
St L Rky Mt A Pac. October
St Louis Southwest. 3d wk Dec
San Ped L A A S L. October
440,593
3d wk Dec
405,763
133,243
October
149,478
November. 12198.642 12324,026
3d wk Dec 1,233,914 1,169,061
234,766
3d wk Dec
250,805
3d wk Dec
173,732
179,747
83,472
3d wk Dec
86,906
51,022
46,443
Georgia Sou A Fla 2d wk Dec
350,776
3d wk Dec
369,361
Texas A Pacific
6,276,
6,643
Tidewater A West. October
22,726
Toledo Peor A West 3d wk Dec
25,606
85,911
Toledo St L A West 3d wk Dec
84,833
7,712
7,759
Tomblgbee Valley.. November.
Union Pacific Syst. November. 8.566.643 8,341,783
910,442;
October
Vandalia
962,560
105,425
126,626
Virginia A Sou West November.
546,967
3d
wk
Dec
Wabash
598,190
651,866
607,697
Western Maryland. October
W Jersey A Seash.. October
437,630
484,730
619,87
771.581
Wheeling A Lake E October
29,98
29,691
WrlghtsviUe A Tenn November.
Yazoo A Miss Vail. November. 1,174,392 1,075,125
_.
_
_.
._
__
Bellefonte Central
Delaware A Hudson
a Mexican Railway
a Mexico North Western
eNY Central A Hudson River.
Lake Shore A Michigan South
n Lake Erie A Western
Chicago Indiana A Southern
Michigan Central
Cleve Cln Chicago A St Louis
Peoria A Eastern
Cincinnati
Northern
Pittsburgh A Lake Erie....
Rutland
New York Chicago A St
Toledo A Ohio Central
Total all lines
Northern Central
...
d
Louis
Penn—East of Plttsb A Erie.
d West of Plttsb A Erie
Phlla Baltimore A Washington
Plttsb Cin Chicago A St Louis..
Rio Grande Junction..
Texas A Pacific
West Jersey A Seashore......
....
.....
September..240,678
October
November
..
232,162
87,809
Jan
1
1
1
Jan l
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
tan
1
Dec 1
Jan 1
Jan 1
Jan
Jan
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Nov
Oct
623,974
479,600
59.571.259 58,635,947
27,686,565
29,282,296.
5.239.377 4,944,966
4,522,624 4,187,036
2,149,080 1,881,738
1,080,801 1,059,759
8,217,646 7,677,098
28,265
26,065
628,675*
559,500
1,891,899 1,896,897
32,834
35,238
42,478,065 40,816,005
3,758,285 3,310,456
553,213
522,206
15,007,478 14,223,916
2,655,222 2,340,743
2,967,569 2,643,069
2,580,589 2.471,015
135,601
140,498
4,822,429 4,249,262
to
Oct
Deo
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Nov
Oct
Deo
i
$57,391
$78,908
16,848,067 16,001,404
7,756,400. 7,081,900
1,843,337 1,029,066
82.941.86 76,638,451
41.299,38 37,038,582
4,573,643 4,077,233
3,032.345 2,571,125
24,609.403 22,543,654
25,039,728 22.634,621
2,909.083 2,462,701
975,457
1,074,419
14.588,878 11,836,433
31
31
31
31
31
31
31
31
31
31
31 2,775,033] 2,573,816
31
9,326,499 8,209,747
31
4,151.566 3.177,743
31 216321842 194739 593
31 10,591,771 10.072,071
31 137023656 125222050
31
31
I7ic.ll.66 4,000
15,929,387 14.631,387
30 31,661.165 27.585,313
31
878,213
938.743
21 15,648,321 14,295,260
31 5,567,521 5,041.021
Current
Yd. PreviousYr. Inc.
$
231,652 202,258,490 174,159,723
230,841 237.533.005 204,918,997
232,463 225,225.596 196,595,911
232.494 234.310.642 201,069,381
232,054 237,036,159 209,270,887
233,203 230,615,776 217,803,354
239,404 254,005,972 235,726,000
237,809 256,647,702 246^335,586
228,050 256,585,392 253,922,867
85,221 69,828,4.48 68,138,393
Prev. Yr.
$
or
Dec.
%
$
+ 28,098,767 16.15
+32.616.008
+ 28,629,685
!S:8
+33,241,261 16.5#
+ 27.765,272 13.27
+ 12,612,422
+ 18.279,972
+ 10,312,116
+2.662.525
+ 1.690,055
5.ff
7.75
4.15
4
Adirondack and the Ottawa A
Include# Evansville A
earnings Of MasoBtXtf
Nov- 1 1909. IXA*
d Coven Ones directly operated. # Includes the New York A Ottawa, the St. Lawrence A
N. Y. Rv., the latter of which, being a Canadian road, does not make returns to the Interstate Commerce Commission,
t
Indiana HR.
g Includes the Cleveland Lorain A Wheeling Ry. in both years,
n Inclu les the Northern Ohio RR.
p Includes
A Ft Dodge end Wise Minn. A Pacific,
s Includes Louisville A Atlantic from July t 1909 and the Frankfort A Cincinnati from
llades the Mexican International from July 1910. u Includes the Texas Central In 1910.
a Mexican currency,
Previous
Year.
Current
Year.
36
31
9,037,327
and Monthly.
Monthly Summaries.
Mileage Curr. Yr.
February ..236,852
March
235,925
April
237,569
May
237,560
June
.238,108
July
238,169
August
.238,493
9,680,217
Period.
Various Fiscal Years.
AGGREGATES OF GROSS EARNINGS—Weekly
Weekly Summaries.
5,571,071 5,417,411 22,046,413 20,969 ,571
_.
1763
THE CHRONICLE
[VOL.
Latest Gross
Earnings
follows we sum up
by Weeks.—In the table which
separately
the earnings for the third week
of December.
The table covers 41 roads and
shows 7.68%
increase in the aggregate over the
same week last
Southern Pacific.a
July 1 to Nov 30
Southern Railway.b
year.
Third Week of December.
1910.
1909.
Increase. Decrease.
$
$
$
Alabama Great Southern
86,906
83,472
3,434
Atlanta Birmingham & Atlantic
64,357
51,630
Buffalo Rochester &
12,727
Pittsburgh
192,286
166,550
25,736
Canadian Northern
285.900
253,700
32,200
Canadian Pacific
2,065,000
1,873,000
192,000
Central of Georgia
288.900
257,200
31,700
Chattanooga Southern
2,047
2,055
Chesapeake & Ohio
598,543
599,175
Chicago & Alton
332,914
279,375
53,539
Chicago Great Western
280,027
235,220
44,807
Chicago Ind & Louisville
105,051
103,242
Cine New Orleans & Texas
1,809
Pac.
179,747
173,732
6,015
Colorado & Southern
329,051
314,935
14,116
Denver & Rio Grande
433.900
383,300
50,600
Detroit & Mackinac
19,414
19,159
255
Detroit Toledo & Ironton
33,885
28,971
4,914
Ann Arbor
40,973
37,178
3,795
Duluth South Shore & Atlantic.
52,362
54,788
Grand Trunk of Canada
Grand Trunk Western
878,140
845,465
32,675
Detroit Gr Hav & Mllw____
Canada Atlantic
International & Great Northern
179,000
172,000
7,000
Interoceanic of Mexico
167,810
190,435
Iowa Central
86,308
76,883
9,425
Kansas City Mexico & Orient
39 600
32,900
6,700
Louisville & Nashville
1,140,585 1,045,805
94,780
Mineral Range
13,413
16,117
Minneapolis & St Louis
109,847
95,828
14,019
Minn St Paul & SSM
402,249
378,574
\
23,675
Chicago Division
/
Missouri Pacific
993,000
966,000
27,000
Mobile & Ohio
250,805
234,766
16,039
National Railways of Mexico.
1,260,968 1,167,776
93,192
Nevada-California-Oregon
5,802
7,150
St Louis Southwest
270,633
220,211
50,422
Seaboard Air Line
440,593
405,763
34,830
Southern Railway
1,233,914 1,169,061
64,853
Texas & Pacific
369,361
350,776
18,585
Toledo Peoria & Western
25,606
22,726
2,880
Toledo St Louis & Western
84,833
85,911
Wabash
598,190
546,967
51,223
Total (41 roads)
13,941,920 12,947,796 1,024,945
Net increase (7.68%)
994,124
—Gross
Current
Year.
$
Roads.
July 1 to Nov 30
Nov 12,198,642
382,239
July 1 to Nov 30
1,889,125
Cin N O & T Pac.b-.-Nov
808,306
July 1 to Nov 30
4,001,133
Georgia Sou & Fla.b.Nov
209,587
July 1 to Nov 30
998,841
Tombigbee Valley
8
632
.
2.426
Nov
22,625
Current
Year.
$
Earnings
Previous
Year.
$
$
Alabama Tenn & North.Nov
11,659
July 1 to Nov 30
45,890
AtCh TOp & Santa FeJb-Nov
9,983,068
July 1 to Nov 30
46,074,213
Buffalo Roch & Pitts.b.Nov
783,016
July 1 to Nov 30
4,152,863
Canadian Northern
Nov 1,565,400
July 1 to Nov 30
6,791,200
Canadian Pacific.a
Nov 9,413,238
July 1 to Nov 30
47,082,368
Central of Georgia.a
Nov 1,190,543
July 1 to Nov 30
.5,486,494
Chicago Great West-b-.Nov 1,107,583
July 1 to Nov 31
5,538,563
Colorado & Southern. b.Nov
1,569,474
July 1 to Nov 30
7,565,908
Detroit & Mackinac.a__Nov
90,285
July 1 to Nov 30.
508,698
Erie.a
Nov 4,818,007
July 1 to Nov 30
25,049,655
Fairchild & Northeast .b.Nov
2,269
July 1 to Nov 30
10,285
Fonda, Johns & Glov.a.Nov
72,290
July 1 to Nov 30
428,456
Georgia RR.b
Nov
306,134
July 1 to Nov 30
1,348,343
0 Interoceanic of Mexico.Nov
696,196
Jan 1 to Nov 30
3,556,392
Iowa Central.a
Nov
311,695
July 1 to Nov 30
1,500,181
Louisiana & Arkansas.a-Oct
July 1 to Oct 31
MInneap
g
113,838
477,386
& St Louis.a_.Nov
439,635
July 1 to Nov 30
2,365,078
Nat Rys of Mexic >
Nov 5,247,962
July 1 to Nov 30
.26,573,301
Nevada-Cal-Oregon.b
July 1 to Nov 30
N Y Susq & West.a
July 1 to Nov 30
Northern Pacific.b
July 1 to Nov 30
..Nov
27,907
179,619
Nov
306,952
1,553,088
Nov 5,972,746
Net
Current
Year.
$
Net earnings here given
b Net earnings here
a
1,078
30,821
Earnings
Previous
Year.
$
44,507,765/17,271,005 /16,953,259
770,664
282,419
304,826
4,002,876
1,581,379
1,594,188
1,517,500
558,900
547,400
5,629,100 2,131,800
1,773,600
9,075,964
3,737,122* 3,692,338
41,710,754 19,330,174 16,954,454
1,117,427
d384,398
d358,523
5,174,319 dl,558,914 dl,595,580
1,064,253
283,358
367,166
5,038,717
1,566,547
1,551,695
1,570,545
626,816
651,104
7,235,937 2,747,266
2,831,857
88,776
23,557
16,926
514,071
151,378
139,627
4,976,993
1,346,290
1,677,879
25,871,535 7,309,459
7,148,093
1,019
66,191
34,696
387,857
238,323
286,481
96,526
1,302,171
339,718
646,669
231,405
3,315,688
1,292,964
308,350
ft73,696
1,476,450
7*321,465
111,456
32,251
427,820
161,506
492,127
fc99,498
2,318,737
fc702,243
4,946,835
2,205,967
23,149,867 11,012,685
37,405
7,224
233,460
79,429
307,807
101,816
1,436,179
457,497
6.690,435
2,780,273
32,880
214,739
92,770
367,881
189,073
1,043,110
M6.027
7*373,382
90,269
Reading.b...Nov 4,148,991
30
Coal & Iron Co.b
July 1 to Nov 30
Total both COS.b
July 1 to Nov 30
Reading Company
4,000.848
19,041.129 18,344,232
Nov 3,874,049
3,532,035
12,553,088 12,392,035
Nov 8,023,040
7,532,883
31,594,217 30,736,267
Nov
July 1 to Nov 30
Total all COS
Nov
July 1 to Nov 30
Rio Grande Junction
Oct
95,567
•
112,708
Dec 1 to Oct 31
938,743
878,212
Rock Island Lines_b
Nov 6,192,888
5,873,966
July 1 to Nov 30
30,475,548 29,651,036
St Louis & San Fran.b..Nov
4,033,988
3,792,527
July 1 to Nov 30
18,855,534
■
.
Chicago Eastern Ill.b Nov 1,129,359
July 1 to Nov 30
5,407,659
18,120,167
1,072,516
4,972,105
Evansville & Ter H b Nov
225,077
224,219
July 1 to Nov 30
1,207,313
1,085,998
t Total all lines.b
Nov 5,388,425
5,089,263
July 1 to Nov 30
25,470,507 24,178,270
f
6,693,423
279,995
def73,808
r*28,670
r*33,812
7*281,623
7*263,464
2,133,778
1,725,464
9,231,668 10,077,074
1,174,318
989,029
6,001,334
5,419,684
321,124
363,495
1,715,833
1,806,428
77,561
466,208
1,573,004
8,183,376
9L.925
469,855
1,444,450
7,695,967
54,360
248,633
2,736
12,790
4,004,211
$
1,663,885
4,592,666
$
I
357,805
748,371
253,061
2,525,895
420,977
2,603,922
395,136
790,635
259,588
2,7,13,340
560,032
5,852,986
525,619
5,476,670
1,221,914
3,623,653
deducting
Net Earnings
Current
Previous
Year.
Year.
523,451
4,627,954
255,1 56
602,914
274,836
756,692
taxes,
year.
Interest Charges and Surplus.
—Int., Rentals, &c.—
Bal. of Net Earns.
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
Buff Roch & Pittsb.
Nov
175,754
169.2 40
£175,237
£166,434
July 1 -to Nov 30
883,439
832,506 £1,053,320
£892,508
Chicago Great Western. Nov
220.806
211,829
£73,281
£154,702
July 1 to Nov 30._
1,042,332
1,209,799
£577,569
£357,105
Colorado & Southern
Nov
269,100
256,529
C345.869
C429.609
July 1 to Nov 30._
t
-
Roads.
_
1,351,362
62,588
389,131
25,334
Georgia RR
.Nov
July 1 to Nov 30._
Louisiana & Arkansas.. .Oct
July 1 to Oct 31
1,274,653 Cl,415,722 Cl,705,161
59,572
£42,455
£43,051
301,587 £def6,631
£111,231
23,096
£16,842
£28,413
106.751
__
Nevada-Cal-Oregon
.Nov
4,274
July 1 to Nov 30..
21,293
Reading Company
.Nov
885,000
July 1 to Nov 30._
4,425,000
Rio Grande Junction
Dec 1 to Oct 31
_Oct
8,333
91,667
__
91.801
£93.345
£90.149
3,721
18,081
899,971
£4,100
£15,844
£122,084
1,071,982
3,641,800
25,479
171,797
4,499,855
£62,409
1,012,347
2,927,471
8,333
91,667
20,337
189,956
INDUSTRIAL COMPANIES.
—Int., Rentals, &c.—
Current
Year.
Companies.
& T Co .Nov
Jan 1 to Nov 30
c
x
Previous
Year.
$
Cumberland Tel
$
56,518
539,924
40,742
464,963
-
—Bal. of Net E'ngs.—
Current
Previous
Year.
Year.
$
$
203,070
212,310
2,191,416
2,060.932
After allowing for miscellaneous
After allowing for other income charges and credits to income.
received.
ELECTRIC
Name of
Road.
RAILWAY AND TRACTION
Latest Gross Earnings.
H eek or
Baton
Rouge
Elec Co Oetoner
Binghamton Ry
October
.
Brockt’n & 1’ly St Ry oeiuber
Bklyn Rap Tran Sys. September
Cape Breton Elec Co. October
..
Carolina Pow & Lt Co
Noveml>erCent Park N & E Riv
September
Central Penn Trac
November.
..
Chattanooga Ry & Lt November.
Chicago Rys Co.
October
Cleve Palnesv & East
October
Coney Isl & Brooklyn September
Dallas Electric
__
Corp. October
Detroit United Ry
2d wk Dec
DDEB & Bat (Rec)
..
September
November.
East St Louis & Sub
November.
El Paso Electric....
October
Fairm & Clarks Tr Co
October
Ft Wayne & Wabash
__
_.
October
Cu rrent
Year.
7,129,910
American Rys Co
November.
247,376
c Au Elgin cx Chic
Ry November.
272,355 I Bangor Ry & Elec Co
November.
1,820,968
7,402,265
150,985
739,390
1,971,953
8,141,655
256,567
1,610,280
121,237
481,520
310,478
1,357,954
62,442
257,725
•
1,573,592
1,746,323
6,619,615
151,024
732,856
1,897,347
7,352,471
after
are
Month.
1,466,328
108,336
574,455
These figures represent
30% of
After allowing for miscellaneous gross earnings.
ana net from coal and other
departments, total net earnings forreceipts
Oct.
$276,810 in 1909: and from July 1 to Oct.1910 were $238,427, against
31 were $1,070,827 in
against $1,051,878 in 1909.
1910,
z Includes $100 other
income for Nov. 1910, against
in
$128
1909, and for
period from July 1 to.Nov. 30 includes
$438 in 1910, against $552 iast
Reading Company—
July 1 to Nov
$
r
41,968
150,010
fcl59,188
fc817,893
1,870,881
8,788,819
18,301
135,203
Year.
«
•
def4,146
Previous
given are before deducting taxes.
d In Nov. 1910 net from
outside operations was
$6,846, against $6,571 last
year, and from July 1 to Nov. 30 was
$34,270 this year, against $32,823.
g These results are in Mexican
currency.
h For November 1910
additional Income is given as
showing a deficit of
$10,016, against a deficit of $2,164 in 1909, and
for period from July 1 to
Nov. 30 was a credit of $11,629 in
j The company now includes the1909, against a deficit of $777 last year.
earnings of the Atch. Top. & Santa Fe
Ry., Gulf Colo. & Santa Fe
Santa Fe Prescott & Phoenix Ry., Eastern Ry. of New Mexico System,
Ry.,
Southern Kansas
& Gulf Ry., G. & I.
of Texas, Texas
Ry. of T. and C. S. S. & L. V.Ry.
RR. in both years.
For November taxes amounted to
$241,835, against $327,620 in 1909; after
deducting which, net for Nov. 1910 was
$3,530,335, against $3,290,654 last
year.
For period from
July 1 to Nov. 30 taxes were $1,444,786 in
against $1,498,589 in 1909.
1910,
k For Nov. 1910 additional
income was $9,689, against
and for period from
July 1 to Nov. 30 was $43,871 in 1910, $9,171 in 1909,
against $82,462
last year.
1,054
def8,053
384,418
2,889,354
31,464,703 35,681,802 13,483,506 16,285,530
Raleigh & Southport.b-Nov
13,419
14,326
4,643
6,668
July 1 to Nov 30
65,567
.63,861
21,167
25,489
Phila &
7,712
32,835
Year.
673,604
Jan 1 to Nov 30
6,498,048
Wells Fargo
Express.b_.Sep 1,150,514
July 1 to Sep 30
3,284,732
1,348
7,246
5,615
3,959
31,337
22,347
16,237
9,628,529 .73,772,170 jS,618,274
2,212
9,715
220,719
957,715
Previous
6,295,371
Mexican Lt & Pow Co.Nov
g
and of industrial
companies reported this week:
Gross
3,684,756
.Nov 8,566,643
Amer Express Co.b
Sep 1,980,486
July 1 to Sep 30
5,399,592
Cumberland Tel &TCob Nov
604,288
Jan 1 to Nov 30
2,704
Net Earnings
Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
Year.
797,745
7,759
35,238
Companies.
_
Current
368,682
1,653,682
INDUSTRIAL COMPANIES.
Gross Earnings
—
Earnings
Current
Year.
$
2,716
10,962
8,341,783
4,204,140
42,478,065 40,816,005 19.052,076 21,200,937
Virginia & Southw.b
Nov
126,626
105,425
39,631
36,103
July 1 to Nov 31
553,213
522,206
189,990
179,047
Western Maryland.a
Oct
651,866
607,697
r221,737
r221,078
July 1 to Oct 31
2,655,222
2,340,743
r996,769
7-882 ,433
Wichita Falls & N W.b.Oct
124,623
66,088
84,201
50,393
July 1 to Oct 31
308,841
175,912
192,573
122,325
Wrightsv & Tennille.b.Nov 229,691
229,982
10,317
11,495
July 1 to Nov 30
2135,601
2140,498
53,947
59,600
July 1 to Nov 30
Union Pacific .a
July 1 to Nov 30
_.
Roads.
Net
Previous
Year.
$
12,324,026
4,465,140
4,971,032
59,571,259 58,635,947 21,749,055 23,400,221
Nov 5,351,622
5,089,245
1,882,649
1,778,888
25,666,135 24,255.806
8,642,651
8,368,617
Alabama Great Sou.b Nov
.
-
Earnings
LXXXXI
$
307,375
132,508
46,346
9.598
28,462
Previous
Year.
$
296,087
122,789
45,427
8.937
COMPANIES.
Jan. 1 to latest date.
Current
Year.
Previous
Year.
S
$
3,586,533
1,548,353
3,321,598
1,418,857
490,096
79,086
518,122
89,425
27,788
9^797
10,2
103,927
114,155
1882,376 1819,180 16,455,852
15,526,685
30,495
27,253
247,558
215,157
2 1.379
20.002
223,050
200,61 1
56,001
53,500
478,481
445,343
65.902
60,227
757,376
687,747
70,480
64,811
799,419
707,165
1250,923 1109,640 10,265,252
9,298,304
31,818
29.467
301,199
271,673
145,724 137,157 1,172,947
1,162,578
165,371
147,838 1,202,984
1,079,139
156,144 138,524 8,840,671
7,588,049
52,189
50,588
463,212
471,233
90.30G
85,509
996,315
896,346
194,974 177,712 2,161,828
1,850,565
55,172
58,347
515,504
485,222
58,504
41,433
504,497
387,874
131,360
122,806
1,266,086
1,161,156
THE CHRONICLE
Deo. 311910. j
Latest Gross Earnings.
Name
of
Previous
Year.
Current
Year.
Week or
Month.
Road.
September
October
November
Wk Dec 25
..
.
132,561
113,476
136,648
88,376
43,603
80.327
102,014
40,291
Current
Year.
996,332
996,619
938,868
1,988,753
341,989
373,675
36,375
39,118
268,968
263,642
26,543
26,192
Houghton Co Trac Co October
200,615 159,436 1,856,794
Hudson & Manhattan September
614,475 509,171 5.018.865 4,379.325
Illinois Traction Co__ October
Interbor R T (Sub).. September 1023,183 1075,521 10,173,112
Interbor R T (Elev). September 1240,396 1210,714 11,310,081
392,154
471,781
41,567
48,367
Jacksonville Elect Co October
644,416 607,167 6,833,950 6,304,216
Kans City Ry A Lt Co November.
929,316
94,255 1,018,739
105,075
Lake Shore Elec Ry_ October
161,081
148,746
17,825
20,209
Long Island Electric. September
Metropolitan St (Rec) September 1188,973 1203,088 10,574,199 10,359,378
3
78,546
3,871,786
4,270,868
407,173
Milw El Ry & Lt Co. .\ovemoer.
975.856
73,127
856,952
79,848
Mllw Lt Ht & Tr Co. November.
November.
366,098 334,871 4,078,895 3,628,643
Montreal Street Ry._
149,426
1,662.093
1,565,102
158,7.49
Nashville R.T A Light N'ovember.
New Orleans Ry & Lt November. 543,640 534,376 5,706,423 5,507,225
167,754
127,491
16,556
21,392
N Y City Interboro.. September
282,728
262,366
35,549
39,621
N Y & Long Island Tr September
748,281
849,744
91,910
106,981
N Y & Queens County September
176,147 155,757
Norf & Portsm Tr Co November.
189,705 175,743 2,235,453 1,994,729
North Ohio Trac & Lt November.
135,697 1,195,575 1,045,816
154,007
North Texas Elec Co. Octooer
178,938 2,021,612 1,886,791
187,654
Northwest Elec Co._ November.
97,542
100,254
10,563
11,772
September
Ocean Electric
18,924
20.949
Paducah Tr & Lt Co. October
205,077
223,114
October
23,650
21,027
Pensacola Electric Co
Port(Ore) Ry,L&PCo November. 498,953 411,001 5,108,927 4,385,356
1,581,086
170,199
1,607,034
161,760
Puget Sound Elec Co. Octooer
262,067
266,833
31,373
32,423
Richmond Lt & RR. September
Rlo de Janeiro Tram
Light & Power Co. November. 946,006 632,568 9,945,040 6,885,258
.
$
_
__
InterboroRT (Sub)
_
..
._
September
September
s' o vein ber
_
September
October
..
September
October
..
October
Twin City Rap Tran. 2d wk Dec
Underground
El
_.
887,466
2,665,591
521,977
2,202,481
50,618
544,077
76,274
8,856
632,734
83,677
13,522
163,895
27,367
332.977
209,350
502,459
2,672,762
2,437,467
3,575,659
141,127
134,136
7,162,492
6,612,552
£14,430
£11,882
£6,192
203,076
284,293
£13,095
£10,647
£5,692
179,223
266,263
619,313
44,816
35,672
£659,475
£653,988
£317,708
1,691,849
2,421,889
6,971,133
402,857
334,910
£648,920
£508,294
£305,193
1,534,949
2,282,987
50,759
260,814
239,375
Wk Dec 24
Metropolitan Dist. Wk Dec 24
Unlted Tramways, Wk Dec 24
Union (Rec)
September
UnionRy.G&ECotllb October
_
United RRs of San Fr November
Westches Elec (Rec). September
Whatcom Co Ry A Lt )ctooer
Yonkers RR (Rec).. September
..
These figures are for
.
633,618
50,407
35,620
58,744
50,466
16
50,407
39,886
37,923
10,521
91
20,321
6,810,118
333,611
330,862
Net Earnings
Current
Previous
Year.
Year.
S
S
53,263
368,696
27,759
156,692
34,154
391,985
27,091
152,249
28,469
297,981
Commonwealth Pow. Ry & Lt Co (Graud Rapids).b—
212,109
401,219
431,851
November
4,513,565 3,961,850 2,189.757
Jan 1 to Nov 30
261,678
676,482
739,982
Detroit United Ry.b.-.Nov
7,351,390 3,090,629
8,577,416
Jan 1 to Nov 30
42,581
85,509
90,309
Duluth-Superior Tr Co. b Nov
437,476
896,346
996,315
Jan 1 to Nov 30
1,931,419
235,732
2,736,607
38,085
367,435
Jan 1
to
Nov 30
Hudson Valley Ry
Co.b—
July 1 to Sept 30
Jan 1 to Sept 30
New Orl Ry & Lt Co.a.Nov
__
Jan
1
to Nov 30
Nor Ohio Tr & Lt Co
Jan 1 to Nov 30
.
..
132,508
809,583
122,789
740,805
46,346
45,427
255,477
64,811
707,165
262.817
70,480
799,419
231,051
404,595
543,640
5,706,423
189,705
Nov
2,235,453
.
93,606
126,551
74,309
117,479
534,376
216,578
2,151,700
207,554
2,007,663
75,770
906,227
175,743
78,987
1,994,729
1,707,016
Nov 1,703,422
.13,191,463 12,195,200
1,001,506
Philadelphia Co (Pitts) a
Apr 1 to Nov 30
Twin City Rap Tran Co bNov
Jan 1 to Nov 30.
United RRs of San Fr.a-Nov
Jan 1 to Nov 30
a Net earnings here given
b Net earnings here given
Interest
619,149
6.884,875
633,618
6,971,133
are after
700,769
5,581,884
6,354,177
299,417
3,568,294
619,313
6,810,118
246,153
2,634,688
580.795
744,122
4,836,491
307,751
3,371,391
226,643
2,591,573
deducting taxes,
are before deducting taxes.
Charges and Surplus.
-Int., Rentals, &c.—
Roads.
199,804
213,445
480,924
5,507,225
Current
Year.
Previous
Year.
—Bal. of Net E'ngs.
Current
Year.
S
Previous
Year.
$
$
$
23,677
23,483
29,586
34,603
222,034
224,069
146,663
167,044
14,112
13,831
12,979
13,928
86,820
88,118
65,429
68,574
6,232
22,237
10,034
24,120
60,462
133,263
237,519
258,722
Jan 1 to Nov 30
Commonwealth Pow. Ry & L t Co (Grand Rapids) —
82,309
91,247
117,495
120,862
November
630,624
837,198
1,300,795
Jan 1 to Nov 30
1,352,559
£102,308
£88,424
157,919
Detroit United Ry
174,312
Nov
1,728,399 £1,367,365 £1,145,342
Jan 1 to Nov 30
1,863,862
18,515
17,328
20,757
24,066
Duluth-Superior Tr Co__Nov
157,832
210,761
209,603
Jan 1 to Nov 30
226,715
Hudson Valley Ry Co—
£16,938
£27,065
58,261
67,509
July 1 to Sept 30
177,308 £def58,167 £def58,940
Jan 1 to Sept 30
196,586
32,370
35,620
43,400
Northern Ohio Trac & Lt Nov
43,367
425,371
524,612
480,856
476,894
Jan 1 to Nov 30
167,500
161,505
140.251
137,912
Twin City Rap Tran
Nov
1,842,379
1,529,012 2,028,408
Jan 1 to Nov 30
1.539.886
x After allowing for other Inoome received.
Chicago.Nov
July 1 to Nov 30
Bangor Ry & Elec Co
Nov
July 1 to Nov 30
Chattanooga Ry & Lt Co Nov
Aurora Elgin &
19087-,
58,744
N Y & L I Trac
N Y &
Ocean
Staten
Isl
20,209
14,166
6,033
40
39,621
25,737
13,884
46
—188
89,588
17,398
11,772
7,046
4,726
145.724
92,028
53,696
6
32,423
23,286
9,137
16,067
26,950
16,776
10,174
Mid
h Interest
_
106,981
Queens Co__
Electric
Coney Isl & Bklyn.
Richmond Lt & R R
_
3,844
1,625
18,386 *32,096
*7,026
3,586
9,349 *10,972
3,275
8,098
20,958def 3,753
2,486
2,240
29,567
24,135
13,972
11,232
5,670
4,504
2,798
5,832
deducted.
permanently defaulted not
“capital used In oepratlon.”
) Interest Is deducted only on
ANNUAL REPORTS,
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since Nov. 26.
This index, which is given monthly, does not include re¬
ports in to-day’s ‘'Chronicle.”
Page.
Railroads—
Florida East Coast Ry
1508
Grand Trunk Ry. of Canada (state¬
ment of Chairman)
1442
Interoceanic Ry. of Mexico
1441
Iowa Central Ry.
..1442
Mexican International RR—1456, 1441
1508
Minneapolis & St. Louis RR
lnduslrials (Concluded)—
Armour Co
Booth Fisheries Co.
Canada Cycle & Motor
Pega.
1708
1509
Co., Ltd
Colorado Fuel & Iron Co
Commonwealth Edison Co.
Cuban-Amer. Sugar Co., N. Y
Economy Lt. & Pow. Co., Joliet,
1510
1444
1444
1709
111.1508
1705 Harbison-Walker Refractories, Pitts. 1510
1444
1707 Iron Steamboat Co. of N. J.
1628 Mich. & Lake Superior Co. (report
bondholders’
of
committee)
1445
1441
•
1510
Western Maryland Ry.
1707 Morris & Co. of Chicago, III
Wichita Falls & Northwestern Ry._1708 Nevada Consolidated Copper Co....1509
Missouri Pacific Ry
St. Joseph & Grand Island Ry
Southern Pacific Co
1637,
Toledo St. Louis & Western RR
North Shore Electric Co.
1508
1509
Realty Associates of Brooklyn
Standard Gas & Electric Co. (special
..1709
statement)
.1573
(bal. sheet June 30 1910)
.1573 Southern Iron & Steel Co_.
United Fruit Co...
1458, 1443
Amer. Soda Fountain Co. (bal. sheet
Aug. 31 1910)
1573 United States Bobbin & Shuttle Co.
(balance sheet Oct. 12 1910)
1511
Amer. Steel Foundries
1443
Amer. Sugar Refining Co. (data from
bill of complaint in Govt, suit)..1571
Electric Railroads—
Massachusetts Electric Companies. .1570
Industrials—
Aeolian, Weber Plano & Pianola Co.
58,086
391,112
_
7,919def 3,413
138
_
33,856 /J98.330
hi,402
8,389
10,976 *34,929
’
152,610
reported this week. A full detailed statement, including all
monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Dec. 24 1910.
The
next will appear in the issue of Jan. 28 1911.
Elgin & Chic.b..Nov
July 1 to Nov 30..
Bangor Ry & Elec Co.b.Nov
July 1 to Nov 30
Chattanooga Ry & Lt.b.Nov
94
203,076
roads from which
Aurora
15,572 218,149*170,107
940
8,612
8,940 Ml, 221
5,968
consolidated company.
Roads.
27,891 396,832 218,463
1,585 485,942 101,125
35,667 525,854 251,261
11,437
(Rec)
Westch El (Rec)__
Yonkers (Rec)
Long Island Elec..
$
435,779 587,404
654,914 585,482
Southern Boulev’d.
Union
Surp,
.
74,692il91,595dfl9,889
4,368
5,469
Electric Railway Net Earnings.—The following table gives
the returns of .ELECTRIC railway gross and net earnings
Gsoss Earnings—
Current
Previous
Year.
Year.
S
S
$
17,024
502.436
641,170
67,923
147,583
208,115
487,013
2,268,980
2,220,811
3,190,268
$
21,392
Ry
of London—
Three tube lines
c
942,007
Income
Deduc’ns
NYC Interboro
._
82,296
221,064
Other
Inc.
97,014
103,601
_
._
87,644
259,390
53,794
469,033
82,267
11,437
14,298
26.950
43,254
293,945
258,820
379,721
1,,023,183
Railways—September 1910.
Expenses Net from
& Taxes. Oper’n.
$
$
Bklyn R T System. 1 ,882,376 1,140,928 741,448
816,289 372,684
Metrop St Ry(Rec) 1 ,188,973
9,552
46,449
56,001
Cent Pk N & E RIv
20,161
62,106
82,267
Second Ave (Rec)
161,853 132,092
Third Ave (Rec)
293,945
9,791
42,398
52,189
DDEBy&Batt(Rec)
45,905
86,656
42d StM&StN(Rec)
132,561
__
November.
November.
Octoner
October
_
InterboroRT (Elev) 1,240,396
._
St Joseph (Mo) Ry Lt
Heat & Power Co.
Sao Paulo Tr Lt & P.
Savannah Electric Co
Seattle Electric Co
Second Avenue (Rec)
Southern Boulevard.
Sou Wisconsin Ry Co
Staten Isl Midland
Tampa Electric Co..
Third Avenue (Rec).
Toledo Rys & Lt Co.
Toronto Ry Co
200,615
Hud & Manhattan.
$
1,062,470
1,079,612
1,036,304
2,124,011
Ry.
Revenue.
Previous
Year.
October
& Land Co
New York City Street
date.
Street
$
$
42dStM&SNAv (Rec)
Galv-Hous Elect Co.
Grand Rapids Ry Co.
Havana Electric Ry.
Honolulu Rapid Tran
Jan. 1 to latest
Lehigh & Hudson River Ry.
{Report for Fiscal Year ending June 30
President Lewis A. Riley says:
1910.)
General Results.—The gross earnings Increased $188,717, or 15.07%
operating expenses increased $20,745, or 2.39%. The revenue from freight
amounted to $1,378,531, an Increase of $193,781, or 16.36%.
The number
of tons carried one mile Increased 22.23%.
The average revenue per ton
mile was 5.64 mills, a decrease of 4.73%.
The revenue from passenger
traffic decreased $1,982. or 4.28%.
The number of passengers carried one
mile decreased 6.45%.
The average revenue per passenger per mile was
2.40 cents, an increase of .065 cent, or 2.78%.
Maintenance.—Expenditures for maintenance of way and structures
were increased $9,818, or 5.66%: 3 miles of 100-lb. rail were laid; also 46,039
ties placed (3,548 for new track), as against 46,474 ties in 1908-09.
The sum of $155,115 was charged for maintenance of equipment, an in¬
crease of 2.45%; 30 gondola cars were condemned and sold, the value of
which was charged to profit and loss; the total number of freight cars in
service June 30 was 561, having a capacity of 21,670 tons.
Financial.—A payment of $40,000 was made on the issue of equipment
trust certificates, which now amount to $240,000; the original amount of
issue was $400,000, four yearly payments of $40,000 each now having been
made.
Payments on locomotive rental notes amounting to $98,577 were
made, the amount now outstanding being $97,363.
Bills payable de¬
creased $35,000—from $326,000 to $291,000.
The following amounts were expended for additions and betterments:
For increased weight of rail, $4,503; tracks and switches, $9,166; account
fuel station, Warwick, N. Y., $8,516; machinery, freight houses, &c., $12.815: advances to South Easton & Phillipsburg RR. for additional tracks
at Hudson yard and for purchase of landlat Phillipsburg, N. J., $28,604.
COMPARATIVE FREIGHT TRAFFIC.
Ores.
An*h .Coal. Bit. Coal. Merch'dise.
Milk•
756,221
57,764
602,203 1,796,560
tons
703,635
390,256 1,418,245
53,751
tons
172,163
152,408 1,223,479
54,028
$161,490
earnings
$328,446 $149,728
$666,294 $72,573
earnings
170,404
302,890
97,930
545,760
67,766
1907-08, earnings
462,767
125,006
85,375
41,354
69,017
OPERATIONS FOR YEAR ENDING JUNE 30.
1909-10.
1906-07.
1908-09.
1907-08.
152,172
Passengers carried
160,333
173,097
154,657
1,976,616
Pass, carried one mile.
1,849,054
2,179,683
1,925,027
Rate per pass, per mile.
2.335
2.40 cts.
cts.
2.266 cts.
2.296 cts.
Freight (tons) carried..
3,629,848
1,935,213
1,974,859
3,009,983
Fr’t (tons) car’d 1 mile.244,561,312 200,075,041 111,986,219 109,766,919
Av. rate per ton per mile
0.59 cts.
0.56 cts.
0.70 cts.
0.71 cts.
190S-10, tons
417,100
444,096
333,135
_
EARNINGS, EXPENSES
Gross earnings
Operating
AND CHARGES.
1909-10.
Net earnings
Deduct—
Taxes
Interest on bonds
Interest on floating
Rentals
debt
Total
Balance, surplus
$1,251,316
$550,632
$382,660
$37,413
163,645
15,193
a89,209
$32,913
$305,460
$302,260
889,401
expenses
-
i
a Rentals Include hire
$46,825 in 1908-09, and
1908-09.
$1,440,033
868,656
i61,241
12,345
a95,761
1907-08.
$851,519
607,523
$243,996
$31,446
160,773
6,733
33,512
$232,464
$11,532
$80,400
of equipment balance, $28,205 in 1909-10 against
joint facilities, $61,004 against $48,936.
$245,172
1764
THE CHRONICLE
BALANCE SHEET JUNE 30
1910.
1909.
1910.
1909.
Assets’"—’
%
$
Liabilities—
$
$
Cost of road
3,592,970 3,567,279 Capital stock
1,340,000 1,340,000
Cost of equipment.. 1,429,265
1,443,566 Funded debt
2,669,000
2,669,000
So. East. A Ph. stock 150,000
150.000 Debenture bonds
400,000
400,000
do
adv for constr. 255,167
226,562 Eq. tr. ctfs-, ser. A. 240,000
280,000
Mine Hill RR. adv.
Locom. rental notes.
97,363
195.940
for construction..
50,438
50,438 Eq. replace’t acc’t..
82,357
48,746
Cash
113,760
94,603 Int. on funded debt.
66,033
66,082
Due by agents
3,307
5,304 Vouchers & pay-rolls 138,559
180,363
Traffic balances
334,877
334,993 Loans & bills pay'le. 291,000
326,000
Open accounts
36,417
22,286 Traffic balances.... 185,00/
156,783
Material and supplies 116,162
119,972
Miscellaneous
Profit and loss
Total
6.082.362 6.015,003 1
-V. 91. p. 1386, 1328.
Total
5,696
567,347
7,977
*344,112
.6,082,362 6.015.003
Boston & Worcester Electric
Companies.
(.Report for Fiscal Year ending Sept. 30 1910.)
President William M. Butler Dec. 27 wrote in
brief:
By referring to the statement of the Street Ry.
Co., it will be noted that
the passenger receipts increased about
$24,000 over the previous year, an
increase of approximately 4
V$%, which compares favorably with the in¬
crease of passenger revenue of
other street railways throughout the State.
It will be remembered that the company
duringtheyear ending Sept. 30 1909
received an unusual income
(
[VOL.
LXXXZI
at the South power house under 506 ft.
head; at Insklp under 370 ft. headand at Coleman under 480 ft. head.
The total distance from
point of dl'
version at Inskip to Coleman power house is 10
H miles, and the water is
conveyed through open ditches, a tunnel and two inverted
syphons. This
water, after serving us so well, goes on to help
irrigate the thirsty lands of
the great Sacramento Valley.
Transmission lines run from South power
house to Insklp: and from Inskip to Coleman
power house site.
We have
completed the work of changing our south circuit from Volta to Palo Cedro
from 20,000 to 60,000 volts,
rebuilding the line with larger copper to give
increased line capacity.
At Kennett we have Installed a 1,000 k. w.
condensor, which has raised our power factor from about 78 to 95%.rotary
We
have purchased during the past year the Annand
place, which carries
220 inches of water, and the Jahnke
place, which carries 100 Inches of
water.
We have also purchased the
Phelps place, which will be utilized
as a storage reservoir.
Outlook.—As to prospective new business, I have no
hesitancy In say¬
ing that, within three months after the completion of our
Coleman plant,
the entire 20,000 h. p. will be
sold, and the company’s large holdings of
undeveloped water rights can be developed as needed, to care for future
requirements.
The Noble Electric Steel Co. is
Installing four new fur¬
naces and expects to have the
same completed at approximately
the same
time that our Coleman
plant is finished.
They
will
require 10,000 h. p.
to operate these furnaces.
The Sacramento Valley Irrigation Co. Is now
installing three new units of 300 h. p. each.
The remarkable growth of Willows
has shown us the
of In¬
stalling gas works in that city, and we have already appliednecessity
for a franchise
for the same and will
commence work in the near future.
INCOME ACCOUNT,
of about $19,000 for the sale of power
Earnings—
1909-10. 1908-09.
to other
1909-10. 1908-09
street railways on account of
El.
light & power.$506,958 $370,455 Net earnings
disability of power plants. No
such unusual income has been temporary
$396,471 $281,554
Gas & water works
received the past year, but the
53,031
Other
passenger
50,520
Income
10,372
1,115
receipts have so increased that this amount has been more than made
Miscellaneous
18,093
good
11,740
and the total gross inoome has increased
$5,300 more than the year before.
Total net earns.$406,843 $282,669
The operating expenses were
Total
$22,000 in excess of the previous year, a
$578,082 $432,715
Deduct—
large part of which is accounted for by the Increased amounts
charged to
Interest on bonds.$ 122,835
the maintenance of track, line and
$94,654
Operating exp
equipment. The fixed charges for the
$77,145
$65,114
Dividends
210,000
110,000
year were somewhat less than last
Maintenance
year, as a portion of the floating debt of
30,673
30,205
Rate of divs
the previous year was converted into
(10 yf)
(5M)
General expenses.
capital stock.
The profit and loss
73,793
55,842
surplus has Increased during the year from $2,873 to
$35,541.
Total deduct’ns $332,835 $204,654
The Street Ry. Co. has now no
Total expenses.$181,611 $151,161
floating debt, except that owed to the
Balance, surplus. $74,008 $78,015
Boston & Worcester Electric
Cos., and Its current accounts, and has a
BALANCE SHEET OCTOBER 31.
good supply of cash on hand for its
requirements.
While the net earnings of the
1910.
1909.
operating
1910.
1909.
have been disappointing, the shareholders company for the past two years
Assets—
$
$
may be assured that the manage¬
Liabilities—
$
$
ment is making every effort to Increase its
Property, plant,
revenue and to operate the
Capital stock
2,000,000 2,000,000
prop¬
erty in a most economical manner, while,
rights, Ac
5,882,253
4,896,594
Bonds
nevertheless,
keeping the property
*3,305,000 2,564,000
in a high state of efficiency.
Meters .tools, fix.,
Bills payable
339,922
237,239
The passenger express service between
wagons, &c__
148,203
Boston and Worcester, inaugu¬
137,741
Acc’ts payable. _
199,739
270,509
rated in the early part of this
Mat’l & supplies
24,852
year, has proven popular and successful, and
Accr’d bond int.,
will undoubtedly continue to stimulate
Cash
15,642
our through travel between Boston
937
taxes, &c
73,398
52,939
and Worcester, and the natural
Acc’ts A bills rec.
growth of the cities and towns through which
76,909
62,028 Surplus reinvest. 159,029
64,627
we operate should
Miscellaneous
continually produce a healthy increase in local travel.
21,245
The trustees, after most careful
consideration of the dividend question,
Total
unanimously decided that no action relative to a dividend be taken at this
6,147,859 5,118,545
Total
6,147,859 5,118,545
time.
The financial condition of the
is
company
*
excellent,
but
it
seems
wise to defer dividend action for the
Bonds outstanding Include
present, so that when dividends are
$2,295,000 Northern Cal. Pow. Co., Con¬
resumed they may be expected to continue
solidated ref. and consol. 5s; $866,000
without Interruption.
Northern Cal. Power
$45,000 Keswick El. Power Co. 1st M. 5s; $89,000 Battle Co. 1st M. 58:
BOSTON A WORCESTER ELECTRIC
Creek Power
Co. 1st M. 5s and $10,000
COMPANIES.
Redding Water Co. 1st M. 5s.—V. 91, p. 1516
Ineome Account for Year
341.
ending Sept. 30.
Earnings—
1909-10. 1908-09.
a
Expenses—
1909-10. 1908-09.
Divs.B.& W.St.Ry.$30,375
Boston
$60,749 Preferred dlvs
£$33,936 i/$67,872
Other income.,
25,335
35,757 Miscellaneous
2,613
2,470
Sheet
30 1910.) ■
Int. on 3-yr. notes. 18,000
17,621
(Balance
Total income
$55,710
Net earnings for year
x
$1 per share,
y
$96,506 |
$2 per ah&re.
Balance Sheet
A.
President Thomas A.
$87,963
$8,543
September SO 1910.
23,220 shares B.&W.St.Ry.Co.
$300,000 notes payable,
do
Cash on hand
$1,817
Accounts receivable
16,261
BOSTON A
Liabilities¬
's, 936 Preferred shares._No par val.
34,614 Common shares_.No par val.
$300,000 3-yr. 6% coup, notes.
Accrued int. on 3-year notes..$4,500
Profit and loss, surplus
5,457
WORCESTER STREET RAILWAY.
Results for Fiscal Year
ending Sept. 30.
Earnings.—
Passengers
Freight
1909-10.
1908-09.
Income Acct.—
$576,154 $551,706 Net earnings
Rentals and miso.
200
6,530
200
Deduct—
Taxes
Dividend
1909-10.
1908-09.
$239,539 $256,418
25,605 Interest
Total earnings.$582,884 $577,511
Operating exp... 343,345 321,093
Net
Total expenses..$54,549
$1,161
$130,231 $138,771
40,077
40,183
(1 x%) 30,375 (3)60,750
Total deduct’s_ $200,683
earnings...$239,539 $256,418 Balance, surplus. $38,856 $239,704
$16,714
Assets—
Property invest.
Cash in banks..
Accts. recelv’le.
Fuel & supplies.
Prepaid ins., Ac
Adjust’t items..
Balance Sheet September 30.
1910.
1909.
1910.
1909.
$
$
Liabilities—
$
$
4,850,391 4,776,528 Capital stock
2,322,000 2,025,000
117,870
92,027 Funded debt
2,320,000 1,970,000
6,981
14,436 Notes payable. £300,000 1/867,482
113,900
89,416 Accts. payable
45,166
51,082
5,682
9,074 Interest accrued
33,961
24,860
909
Taxes accrued._
39,065
40,183
Profit and loss
zS 5,541
2,873
_
_
_
Total
_
_
5,095,733 4,981,4811
Total
5,095,733 4,981,481
Held by B. & W. Electric Cos.
y Includes $600,000 held by B. & W.
Electrio Cos. and $267,482 held
by banks, z During the year 1909-10
$6,189 was deducted for adjustment
of old accounts.—V. 90,
p. 1674.
£
Northern California Power Co.,
Consolidated, San Francisco.
(Report for Fiscal Year ending Oct. 31 1910.)
Pres. H. H. Noble, Nov. 23
1910, wrote in substance:
General
Results.—The year just closed has been
a
very prosperous one,
despite the fact that two of the smelters were
compelled to
down until
a
smoke-consuming device could be installed, and also thatclose
it has been the
shortest water season we have known in our
history, which found us en¬
tirely
unprepared, as none of our storage reservoirs had been
completed.
The gross earnings for the
past year were $578,082, which is a
gain of
$145,367 over that of the
year; net earnings, $406,834, being an
previous
increase of $1S7,553.
We nave paid $210,000 in dividends and
have added
to our surplus $74,008 from the
year’s operations.
Construction,—Our Burney reservoir was delayed on
account
of our not
getting title to a portion of the land until now. The
Battle Creek
storage reservoir is a large undertaking and will not North
be completed until
the next year.
McCumber Flat has proven to be a great success
us a great deal of
by giving
underground storage, which will be Increased the
season.
coming
We are putting in a dam at the outlet
of
Manzanita
will raise the water in the
Lake, which
lake 16 ft. and will be available, if
needed, the
coming summer. In the early spring
will also dam the outlet of Mud
Lake, which will raise the water there we
10 feet.
We are also putting In a
small storage reservoir at the
Baldwin place, which is above our
at Volta.
fore-bays
This also w 11 be available the
coming summer. Within one
week after our last annual
meeting,
the
winter
rains
set
in
and
on our
stopped work
Inskip plant. Consequently, we were unable to complete
the same
until June 12 1910, and
the water in North Battle Creek
was
not available
until Oct. 14.
The change in the point of
diversion and the
one mile down-stream
placing of our power house
from the point
originally Intended enabled us to
gain 114 feet in head and to install
20,000
h.
p. Instead of the 16,000 h.
available under the original
p.
plan of development. We are now
actively
engaged at work on this 20,000 h.
known
p.
plant,
as
the
“Coleman”
and expect to have the same
plant,
completed not
Plants.—The Coleman plant is the fourth later than June 1 1911.
installation In the Battle Creek
watershed .the other three plants
located up-stream from it in the fol¬
lowing order* Insklp, South powerbeing
house and Volta. All of our
voirs are located above the Volta
storage reser¬
plant, and hence all storage water will
be used four times over,
namely, at the Volta plant under 1,250 ft.
head;
At the
(Mass.) Belting Co.
of Sept.
Forsyth says:
beginning of the year industrial conditions were
generally fairly
satisfactory.
Crude rubber, however, was at that time
selling at what was
then regarded as a high
price.
During the following 6 months there was a
steady and rapid increase in cost of rubber until in April 1910 was
registered
the highest point at which it ever sold.
It is doubtful if there
recorded
an
in any other
instance of
so
was
great an advance in price in such
a
ever
short time
commodity of the universal importance of rubber.
Although
some decline has since taken
place, the crude rubber market throughout
the year has been
unusually high.
The situation has been an extremely
tryinir and difficult one for the rubber goods
manufacturer.
Competitive conditions have been exceptionally
keen, many manufac¬
turers of mechanical rubber goods
complaining
more or less of dull business
and their factories
running on short time. This has made it difficult, and
in fact impossible, to obtain the
higher prices for our manufactured products
which the increased cost of
rubber, cotton fabrics and other raw materials
have fully warranted
On a few specialties we have been able to
increase
our prices to a fair
extent, but on such an important and
item, for
example, as rubber belting .the only advance obtainable was staple
one of approxi¬
mately 10%.
In April we established our own store in
Chicago and in July we opened
branches in San Francisco and
Portland, Ore., all under our direct
and control.
Previously we were represented In these Important auspices
centres
by agencies.
We are well satisfied that these
Important changes are moves
in the right direction.
The new arrangement, we feel
sure, is bound to re¬
sult in greatly Increased sales of our
manufactures in territory served by
these branch stores.
The manufacture and sale of oertain
specialties has
been steadily developed and
vigorously pushed, and these lines bid fair to
become of great importance to us.
In spite of unusually adverse condi¬
tions which have
confronted us, the volume of our past
year’s business has
been comparatively good.
We feel our position has been
greatly strength¬
ened by the changes
inaugurated, and confidently expect that the future
will show results along these lines
that will be most satisfactory.
BALANCE SHEET.
Assets—
Real estate.
Mach., tools A fixt’s
Cash
Bonds receivable
Acc’ts A notes rec'le
Investment acc’t
Merchandise
Miscellaneous
Total
—V. 89,
p.
1910.
$
324,712
348,089
79,619
‘
82,340]
120,931)
613.000J
983,002
7,917
472.
1909.
$
Liabilities—
254,282 Capital stock
348,364
40,065
798,421
Reserve fund
Not^s payable..
Profit and loss
1909.
$
$
1,000,000 1,000,000
800,000
800,000
_
plus
1910.
422,000
174,000
337.610
379,148
sur-
911,366
650
2,559.610 2,353,148
Total
2,559,610 2,353,148
Canadian Car & Foundry Co., Ltd.
(Financial Statement as of Sept. 30
1910.)
The balance sheet shows
profits for the 11 months ending
Sept. 30 1910, after deducting bond interest, of
dividends paid on pref. stock,
$832,530;
$320,833, leaving $511,697.
BALANCE SHEET.
Sep 30 TO. Dec. 31 ’09.
Sep. 30 10. Dec. 31 ’09.
Assets—
$
$
Liabilities—
$
$
Real est., bldgs.,
Preferred stock
5,000, 000
5,000,000
machin’y, good¬
Common stock.
000
3,500,
3,500,000
will, Ac
c9, 921,561 10,500,000 1st M. 6s, due 193> 3,500, 000
3,500,000
Invest’ts (at cost)
50,154
34,892 Purch. money notes 500, 000
Inventories (at or
Bank advances
626, 7441
below cost)
2, 465,246 1,524,022 Bills payable
10 097) 1,268,667
Acc’ts receivable. 1, 976,450
11,612,868 Acc’ts & pay-rolls
801,
917J
Bills receivable
17,082 }
Rentals, taxes and
Deposits on Gov't
Interest accrued
282
82,
21,833
contracts
43,663
54,050 Res’ve for pf. div.
87 ,500
58,333
Cash
89,053
339,310 Deprec’n funds...
88 ,438\
26,389
Car tr. notes (less
Contlng.,
Ac., f’ds
44 447/
reserve for un¬
Profit and loss
511 697
730,552
earned Interest)
158,028
Prepaid
rental,
taxes & Insur’ce
31,883
40,632
Total
...
14,753,121 14,105,775
Total
14,753.121 14,105,775
*1
“Real estate, buildings, Ac.,” is stated in
1910 after deducting proportion
($612,646) of surplus of merged companies set up at
organization.—V. 91,
1449,
a
p.
1387.
Philadelphia.
{Balance Sheet June 30 1910.)
Curtis Publishing Co.,
1910.
Liabilities—
1910.
1909.
stock
$5,000,000
S2.589.900 $1,251,220 Capital
431,746
payable.
743,840
540,950 Accounts
Profit and loss
1,060,715
&c_
463,537
338,939 Surplus
1,198,865
Cash, Ac., recelv. 2,894,049 2,787,555
Trade-marks
1,000,000
700,000
Assets—
Real estate
Machinery
Mat'ls, supp.,
449.
Ooodyear Tire & Rubber Co.
{Balance Sheet Oct. 31 1910.)
1910.
$
property. 1,484.036
!
Assets—
Plant and
1909.
,500,000
281.429
,294,348
,542,887
$7,691,326 $5,618,664
Total
$7,691,326 $5,618,664
Total
-V. 90, p.
1
80,519
Pats.,trade-mks.,Ac.
Securities owned
Notes rec. for co.'s
cap. stock secured.
141,943
Inventory
1,212,060
Notes A accts. receiv.1,076,865
Cash on hand
576,360
Prepaid rentals, Ins.,
Interest, Ac
Total
—V. 91. p.
1910.
Liabilities—
$
1,000,000
920,355 Preferred stock
2,286,100
1 Common stock
5,001 Current liabilities.-. 227,085
Fluctuations In crude
rubber market
500,000
97,474
Doubtful accounts..
94,464
1909.
$
1,549,349
Depreciation
Surplus.
-
2,597.988!
1909.
1910.
supplies In stock.
Bonds A stocks
1910.)
1910.
$
6.724,659
264,406
July
73,558
2,500,000
August
Up to the present time receiver’s certificates
been issued on the Railway: of the proceeds$177,025
aggregating $511,000 have
was used to pay prin¬
cipal and Interest of equipment trust obligations as they mature, the bal¬
ance being for preferred claims, such as unpaid wages, taxes, Ac.
No debt
has accrued to the Railway from the receiver’s own operations, and It is ex¬
pected that equipment trust obligations up to next April, interest on
receiver’s certificates and prior claims can be
ing additional money.
To avoid interruption to traffic from snow
structed, similar to those in use on
1909.
$
....
1,886.505 AcctS-payApay-rolls
Sink, fd., int., taxes
and Insur. funds.
Profit and loss
67,789
718,612
177,034
99,450
209,361
149,386
116,939
11,887,423 8,943,359
Consists of 11,444 acres coal and 2,241 acres surface lands and equipment of five
operating mines, including Marianna, $6,871,462; also equipment of brick yards,
sewer pipe plant, ovens, Ac. ($412,695) and 800 miners, Ac., houses ($721,597).—
11,887.423 8,943,359
Total
|
Total
*
V. 89. p.
1595.
GENERAL INVESTMENT
NEWS,
RAILROADS, INCLUDING ELECTRIC ROADS.
Alton Jacksonville & Peoria (Electric) Ry.—Bonds Offered.
—Geo. M. Seward & Co., Chicago, as fiscal agents for the
Falkenau Electric Construction Co. of Chicago, are offering
for subscription at 95 and int., with a 40% stock bonus (par
$100 a share), the unsold portion of a block of $100,000 IstM.
5% 30-year gold bonds, dated July 1 1910 and due July 1
1940, but redeemable at 105 after July 1 1920. Trustee,
Alton (Ill.) Banking & Trust Co.
Coupons payable at Amer.
Tr. Co., St. Louis.
Par $500 and $1,000. A circular says:
$600,000, being a first mortgage on the line
Jerseyvllle, with branch line to Hardin, em¬
bracing 35 miles of (electric) road, at less than $20,000 per mile.
Of this
Issue the major portion has already been sold.
The railway Is now In opera¬
tion In the city of Alton and also to the town of Godfrey, about 5 miles dis¬
tant.
The line to Jerseyvllle Is almost completed.
The cost represents
a large expenditure by the stockholders in addition to the proceeds of the
bond Issue.
The railway should be completed about March 1 1911.
The
best of materials Is being used.
The company holds valuable 50-year fran¬
chises from the various municipalities, and outside of the cities and towns
the line Is on private right of wav, thus ensuring speed and ecconomical
operation.
Will do a freight and parcel as well as passenger business.
Officers: Pres, and Treas., E. M. Davis, also Pres. St. Louis Fire Ins. Co.,
St. Louis; 1st Vice-Pres., C. A. Caldwell, Cashier Alton Nat. Bank, Alton;
2d Vice-Pres.„ C. H. Seger, Cashier Alton Banking & Trust Co.; Sec., T. C.
McGrath, County Clerk, Jerseyvllle, Ill.
The total authorized Issue Is
In Alton, also the extension to
Arm Arbor RR.—Equipment Bonds Sold.—The company
has sold to J. S. Bache & Co. $600,000 series “B” first
lien
5% equipment bonds, dated Jan. 2 1911, interest payable
Jan. 1 and July 1, principal due in 20 semi-annual install¬
ments of $30,000 each, from July 1 1911 to Jan. 1 1921, incl.
The equipment bonds cover locomotives, passenger and freight equip¬
ment and a new steel car ferry, now being built by the Toledo Shipbuilding
Co., to be delivered on Dec. 31.—V. 91, p. 1710, 1511.
Astoria Southern Ry.—New Enterprise—Bonds.—This
company,
incorporated in Oregon last May with $500,000
of
authorized capital stock, filed on Nov. 12 a mortgage to the
Central Trust Co. of Illinois, to secure $200,000 in 10-year
6% bonds providing for the construction of a
Youngs River into the timber tract in what is
Clatskanie River district.
railroad from
known as the
Co.
is said to be a subsidiary of the Western Cooperage
Portland, Ore., the main purpose, it is understood, being to open a
large tract of timber (one account says 12,000 acres) owned by that com¬
*
The company
of
pany.
The incorporators included L. W.
Portland.
O. J. Kraemer, all of
of each were shown.
from Operations, July 1 to Oct. 31 1910.
Railway. Railroad.
Railway. Railroad.
$16,188 $29,874
$26,051 $22,510 September
17,202
21,090
35,214
11,985 October
Net Income
Liabilities—
1,000,000 1,000 000
Pref. stock
5,000,000 5,000,009
Common stock
Bonds and mtges.. 4,860,000 2,500.000
$
$
Assets—
and expenses
350,000
63,8>0
192,664
223,256
.4,612,004 2,597.988
Total
Pittsburgh-Buffalo Co.
{Financial Statement as of Oct. 1
Land, pl’t A equip.*8,005,754
Railroad cars
291,164
Cash acc'ts A bills
rec. A treas. bds 1,016,948
Coal in transit and
260,713
243,642
1909.
$!•*
432,100
904,700
431,379
pation in all subsequent dividends, or in four equal install¬
ments, payable Jan. 10, April 10, July 10 and Oct. 10. No
subscriptions for portions of shares will be received.—
V. 91, p. 1628, 1384.
Buffalo & Susquehanna Ry.—Reorganization Not Advisable
for Some Months—Letter from Receiver.—The committee of
which William Salomon is Chairman, representing the 1st M.
4^% bonds of the Buffalo & Susquehanna Ry. Co., has
issued a circular to depositing bondholders stating that it is
deemed inadvisable to attempt to formulate any plan of re¬
organization before next spring.
Statement from H. I. Miller, Receiver for both the Buffalo & Susquehanna
Ry. Co. and the Buff. & Susq. RR., Submitted by the Committee.
Prior to July 1 no attempt had been made to ascertain what the proper¬
ties of the Railway and the Railroad were separately doing, but pn that
date a system of accounting was put into effect under which the earnings
25.808
40.221
.4,612,005
520, 466.
1765
THE CHRONICLE
311910.]
Deo.
Humphreys, W. E. Thomas and
provided for without borrow¬
I am having snow fences con¬
neighboring lines.
equipment of both the railway and the railroad, particularly the
locomotive equipment, was in such bad condition as to be almost un¬
serviceable; and even with good weather it has been with the greatest diffi¬
culty that we have moved the traffic.
With a reorganization of the me¬
chanical department, however, we have been gradually getting the loco¬
motives into serviceable condition.
The Railway is largely dependent on
the traffic originating on the Railroad and delivered at Belvidere via the
Pittsburgh Shawmut & Northern RR. Until this summer the mines of the
railroad company have not been operated continuously because of failure
to supply them with empty cars and to move loaded cars promptly.
We
have been able to arrange matters so that there has been no stoppage on
this account, and the railway has benefited by this in its coal and coke
The continuous operation of the coal
shipments to and through Buffalo.
mines on the railroad and changes in the management of the coal company
have produced results that point towards better things than in the past,
which Improvement will In turn be reflected to the railroad and the railway.
The valuable terminal property of the Railway at Buffalo is not at present
connected with its line of railway, and is not available for use.
The com¬
pany has no permanent terminal arrangement with other companies, under
which its freight traffic can be cared for, and so far we have not felt that it
would be good policy to consent to the burdensome conditions entailed.
It has not yet been decided what course will be taken in respect of the
railroad company’s 4% bonds, and it would seem that until some plan had
been worked out for those bonds it would be premature to do anything
The
If our expectations are realized
in such shape that we can handle the
traffic, the earnings will be greater than they were last year.
This, how¬
ever, cannot be told at this time, and in view of the uncertainty I think it
would be prudent to postpone at present the formulation of any plan of
about the railway company’s 4^% bonds.
of being able to get our power, Ac.,
reorganization.—V. 91, p. 214.
Canton-Akron Consolidated Ry.
Co.—Status.—A circular
by Claude Ashbrook, Wiggins Block, Cincinnati,
describing the general consolidated mtge. 5% gold bonds
recently offered at 873^ and int. (V. 91, p. 1628), says in part.
Funded Debt 4,683,000, incl. $935,000 Owned by Nor. OhioLt. A Tr. Co.
;—“
$2,722,000
Bonds, underlying
General consols, authorized, $2,500,000; reserved to retire un¬
derlying bonds [Tuscarawas RR. 6s], $100,000; reserved for ex¬
tensions, Ac., at not exceeding 85% of cost, $439,000; issued.. 1,961,000
Of the $1,961,000 general consols which have been issued, as above
shown, there are pledged with trustees as collateral to the Northern Ohio
Traction A Light Co. collateral trust serial bonds, $700,000, there are held
in treasury of the Northern Ohio Traction A Light Co., $235,000, and by
the public, $l,026l,000.
In October 1906 the Canton-Akron Consolidated Ry. Co. was purchased
by the Northern Ohio Traction A Light Co. and the Canton-Akron Consoli¬
dated mtge. bonds were guaranteed, prin. and int., by the Northern Ohio
Traction A Light Co.
The total stock issued by the Northern Ohio Light
A Traction Co. is $9,000,000,on which dividends are being paid quarterly
rate
3%
per
at the
of
annum.
This stock (and not the stock of the Akron
Consolidated Ry.—Ed.) is listed on the N. Y., Montreal, Toronto, Cleve¬
land and Cincinnati stock exchanges.
For the calendar year 1909 the
Canton-Akron Consolidated Ry. earnings were: Gross, $893,879; net, $398,863; net surplus, after deducting interest on underlying bonds, was 13.40%
on $1,961,000 issued consol, gen. mtge. bonds.
The Northern Ohio Trac¬
tion A Light Co., also, after paying all of Its own charges, as well as the inter¬
est charges on the outstanding issue of general consols, still has a surplus
of from two to three times the annual Interest ($125,000) on the total
issued
authorized issue of the
general consols.
Compare V. 91, p. 1628,
Carthage Watertown & Sacketts Harbor RR.—Extra
Dividend.—The directors have declared a semi-annual divi¬
dend of 23^% and 5% extra on the $465,000 common stock,
mqst of which is owned by the New York Central & Hudson
River RR., payable Dec. 31 to holders of record Dec. 30.
Regular distributions at the same rate have been paid
since 1900.
Central New England
New Haven & Hartford
the N. Y. Public Service
Ry.—Modified Plan.—The N. Y.
RR. is understood to have sent to
Commission
fication of the financial plan of the
with a view, it is said, to the making
petition asking modi¬
Central New England,
a
of a first mortgage cov¬
ering all the property in the system except the Dutchess
County line, on which there is a mortgage of $350,000.—
Y. 91, p. 1253, 870.
Chesapeake & Ohio Ry.—Maturing Bonds.—The $2,000,000 Peninsular Division 6% bonds dated 1881 and due Jan. 1
Bogota (Colombia) City Ry.—Sale of Road.—The final 1911 will be paid at the Central Trust Co., N. Y., 54 Wall St.,
installment of $125,000 of the purchase price of $800,000 on and after maturity, with the interest thereon from Oct. 1
was, it is announced in press dispatches made on Dec. 28
1910 to Jan. 1 1911.—V. 91, p. 1629, 1574.
by the municipality to the American owners.
Chicago Consolidated Traction Co.—Properties TransThe latter built and operated the lines under a concession received during
ferred.—See
Chicago Railways above.—Y. 91, p. 1629, 1511.
the presidency of General Reyes.
Popular disapproval of the concession
resulted in a boycott of the road and serious disturbances, and early in
Chicago
Railways
Co.—End of Receivership—Consoli¬
Ootober last an agreement for the sale of the road was reached between the
dated Traction Properties Taken Over.—Judge Grosscup on
Colombian Government and the American Legation at Bogota.
Boston & Maine RR.—Option to Subscribe.—-All pref. and Dec. 27 signed the necessary orders providing for the pay¬
ment of the various judgments and claims against the com¬
common stockholders of record Nov. 2 1910 will have the
pany
on a compromise basis and the ending of the receiver¬
right to subscribe at 110, at the Old Colony Trust Co., Boston,
until 2 p,m. Jan. 10 for $10,663,700 new common stock to ship; also for the confirmation of the sale of the properties
the extent of one share for every three shares now held. of the Consolidated Traction Co. and its subsidiaries on
30 last to Andrew Cooke and the sale by the latter of
Subscriptions will be payable either in full on Jan. 10, in Nov.
which case the certificates issued will be entitled to partici¬ all properties in the city limits to the Chicago Railways, as
Belvidere Delaware
RR.—Dividend Increased.—A divi¬
dend of 10% is being paid to-day on the $1,253,000 stock
from the earnings of 1910, comparing with 5% a year ago
from those of 1909.
In 1907 to 1909 10% yearly was disbursed in Feb. or March, and in
1897 to 1906 5% from the earnings of thepreceding cal. years.—V.84,p.748.
.
,
1766
THE CHRONICLE
provided by the city ordinance, and of the
part of the old
Consolidated system outside of the
city
to
the
Cook County
Traction Co., a new
company formed to operate the same.
I*
While the
Chicago Rys. and
the Cook County
Traction Co. will be affili¬
connection, it is said, either corporate or
two companies,
operating,
passengers
at the city limits are
being charged the usual 5 cents extra faretransferred
for transportation.
ated, there will be
between the
no
Listed.—The Chicago Stock
additional 1st M. 5% bonds of Exchange has listed $300,000
1927, making the total amount
listed $22,800,000.—V.
91, p. 1629, 1385.
Chicago Rock Island & Pacific Ry.—Bonds
Offered and
Sold.—N. W. Harris & Co. of New
York, &c., this week of¬
fered at 8934and interest,and
sold, $3,000,000 first and “re¬
funding” mortgage 4% bonds due 1934. The bonds form
part of the $89,948,000 outstanding,
including the $3,750,000 recently sold to
Speyer & Co. Compare V. 91, p. 1629,
1181.
lVOL.
LXXXX1
Twelfth Ave., from 36th to 42d
St.; 10th Ave., from 34th to 35th St.;
12th Ave., from 34th to 35th
St.; 109th St., from 1st to Pleasant Ave.,
86th St., from 10th Ave. to
and
Riverside Drive.
In the case of the
Amsterdam Ave. line, from 71st to
Manhattan St., the
company, it is ordered, shall forfeit any right to
lay or re-lay tracks, but is
given the right to run cars over the
existing tracks.—V. 91, p. 1385,1025.
Hibernia Mine RR.—Lease Extended.—The
lease of the
road to the Central RR. of New
Jersey made in 1890, which
expired Oct. 1 last, has been extended for 20 years from that
date.
The rental,
formerly $12,000 yearly, has been
changed to $6,000, equal to 3% on the $20(/,000
stock.
Hocking-Sunday Creek
pany has made
Co.,
as
a
trustee, to
secure
1st M. 6%
20-year gold
at $13,333
per mile.
Bonds
are
Traction Co.— Bonds.—The
com
mortgage to the Columbus Savings & Trust
an
authorized issue of
bonds dated Nov.
1
$200,000
1910, issuable
callable at par on and after
Nov. 1 1915.
Denomination $100,
$500 and $1,000 each.
Chicago Terre Haute & Southeastern Ry.—New
The company proposes to
place the bonds
Mortgages, Capital stock authorized, $150,000
locally.
&c.—This successor of the
each of common and 6%
pref.
Present issues, common,
Chicago Southern Ry. and Southern The
$125,500, and preferred, $110,000; par, stock.
Indiana Ry. (which see
$100.
company
was incorporated in Ohio on
above) is filing its “first and refund¬ line between
June 14 1909 and is
building a
Nelsonville, Athens and Glouster, O., 15 miles. The
ing” mtge. for $20,000,000 in favor of the Illinois Trust & are: Pres.,
officers
E. B. Young; Sec., Chas. A.
Vorhes, and Treas., J. Gaston Coe.
Savings Bank and William H. Henkle, trustee; also its in¬
Lake
Shore
&
come mtge. of
Michigan Southern Ry.—Listed.—The N. Y.
$6,500,000 in favor of the First Trust & Sav¬ Stock
Exchange has listed $8,927,000 additional 4%
ings Bank and Louis Boisot, trustee, all of Chicago. The
25-year
new officers are:
President, Myron J. Carpenter; Treasurer, bonds, due 1931, with authority to add, prior to July 1 1911
$6,073,000 additional bonds on sale and
E. N. Young, and
Secretary, Edward Robyn.—V. 91, p.1446 total
delivery, making the
amount authorized to be
listed $50,000,000.
City Ry. of Los Angeles.—See Los Angeles Ry.
Of the $15,000,000
Corpora¬ accordance
bonds, $8,927,000 have been sold and delivered
tion below.
in
with
r
Columbus
W. B.
‘
(O.) Railway & Light Co.—Assessment.—
Jacksen, in the “Ohio State Journal,” says:
For some time there have been rumors in
financial circles that the board
of directors of the Columbus
Railway & Light Co.
taking advantage of the liability of the stock to anhas been considering
assessment in order
to obtain the funds required to
pay the floating debt incurred in
making
Improvements for the underlying companies
and in fighting the strike of
last summer.
Under the terms of the
lease, the company makes all Im¬
provements on the properties of the
underlying companies and is reim¬
bursed for the outlay by taking over the
securities of the underlying com¬
panies at par.
However, as the securities available are not
salable In the
present state of the market at par, the
following of this plan would mean
a considerable loss to the
leasing company.
The strike cost the
company a large amount of money, and
this, also,
must be taken care of, and as the stock at the
date of its issue in 1903 was
only paid up to the extent of $20 a share, it is still
assessable
up to $80 a
share additional; but it is provided that no
more than $5 a share is
to be
called in any one six months.
The company in 1909 earned
over 6%on
its stock, and had it not been for the
strike would have earned over
7%
this year, and there would have been no
necessity for an assessment, while
dividends would have been continued.
It Is pointed out by members of the board
that the company at present Is
paying a high interest rate on its floating debt, which
is carried by the
banks, this Interest charge running. It is said, from
$24,000 to $30,000 a
year.
With the payment of this debt by the
money raised from the stock¬
holders, this heavy charge will be cut ofl and the
money thus saved will be
applicable to dividends.
While no official announcement has been
made by the board of
and members decline to discuss the
directors,
question until official action has been
taken, it is understood that it is proposed to call four
assessments
during
the coming year of $2 50 each, to be
paid each quarter.
This would raise
$500,000, which would be ample to pay off the
floating
debt
and leave the
earnings applicable to dividends.
It is proposed to
regular 1% a quarter dividend basis, beginning with place the stock on a
the dividends payable
1.
April
This plan may be changed, but it is the
one now being discussed
In financial circles.
It is probable that the full details of
ing will be placed before the stockholders at the annual the plan for financ¬
meeting the last of
next month.—V. 91, p. 1095, 870.
Cook County Traction Co.,
Chicago.—New Company.—See
Chicago Railways above.
Cumberland Ry. & Coal Co.—Terms
of Sale.—See Domin¬
ion Steel
Corporation, Ltd., under “Industrials” below.—
V.
91,
p.
1629.
Delaware & Hudson Co.—Dividend Rate Remains
9%.—
The directors have
declared an annual dividend of
9%, pay¬
able in quarterly installments of
234%
each,
as follows:
March 20 on stock of record Feb.
25, June 20 on stock of
record May 27, Sept. 20 on stock of
record Aug. 28 and
Dec. 20 on stock of record Nov. 27.
The dividend applies to the
$42,502,000 outstanding stock and such addi¬
tional stock as may be issued iu
exchange for conv. securities or otherwise.
Annual Dividend Record Since 1885.
1886.
1887.
1888.
’89 to ’96.
’97 to ’00.
’01 to ’06.
’07 to ’ll.
6
5
6
7 yearly
5 yearly
7 yearly
9 yearly
—V. 91, p. 1629.
„
1276..
New Manager.—Archibald D. Russell of
New York has
been elected a manager to succeed the late
J. RogersMaxwell.
—V. 91, p. 790.
Delaware Lackawanna & Western RR.—New
President W. H. Truesdale has been elected a
succeed the late J.
Rogers Maxwell.—V. 91,
p.
Manager.—
manager to
1629, 716.
Enid Ochiltree & Western
RR.—Receivership.—The Dis¬
trict Court of Dallam
County, Tex., on Dec. 20 appointed
H. G. Hendricks of Amarillo as receiver.
The road was projected from
which 10 miles, from Dalhart to
31 last, and some additional
Dalhart, Tex., to Ochiltree, 113 miles, of
Victory, was opened for operation on Oct.
grading has been done.
Farmers and others
along the line subscribed, it is said, for the company’s stock
to the
it is reported, of almost
$500,000, of which a large part has been amount,
paid in.
The Texas RR. Commissioners have
authorized bonds at $20,000
per mile,
but apparently none ha> been sold.—V.
90, p. 447.
Forty-Second Street Manhattan ville & St. Nicholas Avenue
Ry., New York.—Operation by Storage Batteries.—The com¬
pany has applied to the Public Service Commission for
per¬
mission to permanently
change the method of operation on
the 110th Street crosstown
line, running to the Fort Lee
ferry, from horse to storage-battery power. •
The change, which was
resolutions adopted by the directors on
Dec. 1 1909, which
authorized the issue of said amount
to provide funds to
pay the $15,000,00 >
3-year 5% gold notes at
maturity
Feb.
1
1910,
and
contract has been entered
into for the sale of
the remaining bonds.
Earnings.—For
the nine months
ending Sept.
30:
Nine
Operating
Net (after
Other
Total
Months. Revenues.
Balance.
Taxes).
Income.
Deductions.
1910_ _'__$36,900,379
Surplus.
$10,052,357 $6,928,179
$6,626,743
1909
$10,353,793
32,731,111
11,130,308
From the surplus as above for the
9 mos. of 1910,
ducted an extra dividend of
$10,353,793,
were de¬
6%, paid Mch. 30 1910, and the
annual dividend of 6% on
regular semi¬
July 29 1910, each calling for
$2,967,990, leaving
$4,417,813.—V. 90, p. 1045.
Laramie Hahn's Peak & Pacific
Ry.—Notes Offered—Con¬
tract as to Bonds.—A. E. Butler
&
at par and
Co., Chicago, are offering,
interest, $100,000 (of a total issue of
$1,000,000)
five-year 7% gold notes dated Jan. 15 1910 and due
Jan. 15
1915, but redeemable on any int. date after Jan. 15
1911
10234 and int. Par $100, $500 and $1,000
(c*). Int. J. &
15 at U. S. Trust
Co., Boston, trustee.
/
•
Capitalization (Issued), as Shown
by Bankers' Circular.
Stock (authorized,
$10,000,000)
First mtge. 6%, due 1929
$9,000,000
(auth. $800,000, but no more
than
$240,000 to be issued)
First ref. 6%, due 1932 (auth.
240,000
$1,800,000; $240,000 reserved
to retire 1st 6s)
Notes, due Jan. 1 1915 (auth.
990,000
issues, $450,000 and $1,000,000
respectively). Issued.
General mtge. 5% bonds, due
1,450,000
1959 (authorized
$10,000,000)
See below
$900,000 of the general mtge. bonds
have been issued and are held
collateral for notes due Jan. 1
as
1915, and the balance are under
sale.
contract for
Provision is made to retire the
notes now offered from
the first
moneys received from the sale of these
bonds, and also for refunding all
previous issues of bonds and for
double-tracking, extensions, &c.
Digest of Letter from Pres. Fred A.
Miller, Laramie, Wyo., Dec. 2 1910.
These notes are Issued to
anticipate moneys derived from the sale
of
$8,600,000 general mortgage 5% gold bonds
due 1959, which are under
contract for sale, and It is
expressly
stipulated
that
none
of the proceeds
of the above-mentioned
$8,600,000 bonds shall be used for
any other pur¬
pose than retiring these notes until
the notes are fully paid.
The company was
Incorp. In 1901 to build a line of railway from
Wyo., on the Union Pacific RR., into the North
Laramie,
Park district of Colorado.
The road has been
completed and is in operation as far as
a distance of 55
Foxpark,
Wyo.,
miles west and south from
Laramie, Wyo.
From Foxpark construction is
progressing rapidly in a southerly direction into
North
Park, a fertile plateau 40 miles wide
by 60 miles long, surrounded
mountains and with no other
by
accessible outlet.
The road is standard
and equipped for the
gauge
handling of all kinds of traffic.
The railway is opening
up a vast
completely without railroad facilities,territory which heretofore has been
Including the only
and fertile sections of
rich
Wyoming and Colorado that have notnaturally
yet been de¬
veloped.
In this territory is a large
tonnage
of varied and staple
—timber, hay, alfalfa and other agricultural and
character,
According to the reports of experts, who have animal resources.
examined and drilled the
coal fields at Coalmont, the
present destination of the
tains in excess of
250,000,000 tons of coal of superiorroad, the vein con¬
quality.
In this
territory, as is well known, there has been a constant
shortage of coal supply.
The control of this coal
is
vested
property
in
the
same
hands
as
of the railroad, and thus
the control
assures for the railroad the
exclusive handling of
this coal.
An extension is projected and
surveyed into the great anthra¬
cite coal fields of
Colorado, which at the present time are
account of lack of
undeveloped on
transportation facilities. A 25-year agreement
has been
entered into for a mutual
exchange
of business with the Union Pacific
Based on this diversified
RR.
tonnage,
as mentioned above. J. G.
White & Co.
estimate earnings for the first
year on the completed line as follows:
$1,146,000: operating expenses,
Gross,
estimated that at the end of three$744,900; net earnings, $401,000; and it is
years the earnings will amount to
at
least
$1,500,000.
The interest charges on the
indebtedness prior to this issue
of notes, when the
entire road Is completed, will be
above estimate will leave
which on
$261,600 to apply on interest$139,500,
on this Issue of
charges of $70,000
notes, or over 3 lA times the charges.
Directors: Fred. A. Miller,
Laramie, Wyo., Pres.; Wallace Hackett,
Portsmouth, N. H., Vice-Pres.; L. Waldo
Thompson, Woburn,
Treas.; Arthur S. Howe, Boston,
Mass., Sec. and Asst. Treas.; Col.Mass.,
E. J.
Bell, Laramie., Wyo.; Chas. E.
Davis,
Meredith, N. H., and Otto Gramm,
Laramie, Wyo.—V. 91, p. 1574.
Lehigh Valley RR.—Report Denied.—An
officer of the
company denies the newspaper report that since
July 1 1910
the company has
bought up $2,500,000 of its $15,500,000
collateral trust
4% bonds of the Coxe Brothers issue and
placed them in its treasury for future use.
See also
put Into effect, has worked
satisfactorily,
Stor. Battery Co. cells, it is
claimed,
charge. The cars consist partly of oldhaving
horse
cars rebuilt and partly of new cars.
The 28th & 29th St.
Ry. has made an
arrangement for the use of storage battery cars
recently
constructed by
the Third Ave. RR.
Unused Franchises Annulled.—Justice
Amend in the Su¬
preme Court on Dec. 28 made an order, on the
The Long Island
RR., under a lease from the Nassau
Electric RR.
(Brooklyn Rapid Transit System)
extending to 1976, operates on Atlantlo
Avenue on partly
recently
...
the
the
application of
Attorney-General, annulling the following franchises,
ground that the same have
lapsed:
on
J.
;
-
“Wages” below.—V. 91, p. 1711, 1574.
Long Island RR.—Decision.—The Court of
Appeals at
Albany (opinion by Werner, J.) on Oct. 11 decided
in favor
of the city the suit
brought to restrain the latter from
removing the company's tracks from the surface of
Atlantic
Ave., Brooklyn.
^
the cars equipped with the Gould
run over 100 miles on a
single
at
underground and partly elevated
provisions of the Atlantic Avenue
tracks, under the
Improvement Act of 1897. It was held
that by availing Itself of
the provisions of that Act and
from the surface It forfeited Its
removing its tracks
rights to the use of the surface.
was given at length In
The opinion
the“New York Law Journal” of Oct
24.—V.91, p.403
1767
THE CHRONICLE
Dec. 311910. J
Massachusetts Electric
Companies.—New Trustee, &c.—
(Electric) Ry.—Controlled by So. Gardiner M. Lane has been elected a trustee to succeed
Ry. Corp. below.—V. 87, p. 936.
Eugene N. Foss, Governor-elect of Massachusetts, who re¬
Los Angeles Railway Corporation.—Sub-Company to Build
signed. Galen L. Stone has taken Mr, Foss’s place on the
Extensions—Not to Take Over Existing Properties.—H. E. executive committee.—V. 91, p. 1574, 1571.
Huntington has created a new corporation, the City Railway
Metropolitan Street Railway, N. Y. City.—Plan of Re¬
Co. of Los Angeles, the mission of which is to build new ex¬
tensions and new lines for the Los Angeles Railway Corpora¬ organization (Subject to Approval of Public Service Commis¬
tion, the Huntington company which now controls all the sion.)—The plan of reorganization which is now in the hands
city street car lines. The City Ry. Co. has a capital stock of of the Public Service Commission, 1st Dist., is dated Oct. 1
$5,000,000, fully subscribed, all of which will be owned by 1910 and was prepared by the “Joint Committee,” Guy E.
the Los Angeles Ry. Corporation, and it is proposed to make
Tripp, Chairman, with the co-operation and approval of
the 5% and 4% committees, as follows:
a $5,000,000 mtge. to cover the new lines when built.
Los Angeles Interurban
Pac. Co.—See Los Angeles
Mr. Huntington recently entered Into an agreement with the Southern
Pacific Co. by which that company, having acquired the half interest
the Pacific El. Ry. (V. 91, p. 1386) heretofore owned by Mr.
retired from ail interest In the local trolley business in Los Angeles.
city lines of the Los Angeles & Redondo Ry. Co.,
Vermont Heights and Homeward, were then acquired by
Ry., as were also the interurban lines of the
in
Huntington,
The
north of Hawthorne,
the Los Angeles
Pacific Electric Ry. north of
Vermont Heights, and all city lines of the Pacific Electric Ry. and Los
Angeles Interurban Ry., making the total mileage of the Los Angeles Ry.
344 miles.
The Los Angeles Ry. Corporation was Incorporated on Oct. 22
1910 with capital stock of $20,000,000 and first and ref. bonds $20,000,000,
and took over the ownership of all the physical properties of the Los Angeles
Ry. Co.
The entire issue of stock of the “corporation” Is owned by H. E.
Huntington, except directors’ qualifying stock.
The officers are: H. E.
Huntington, Pres.; Howard Huntington, Vice-Pres. and Gen. Mgr.; C. A.
Henderson, Sec. and Treas.
The Pacific Electric Ry.,
“5% Committee” for gen. (and col. tr.) M. 5s dated 1897:
Alexander J.
Hemphill (Chairman), Donald Mackay, Edward H. Ladd Jr., William P.
Dixon and Henry Evans, with L. B. Franklin as Secretary.
Edwin S. Marston
“4% Committee” for refunding M. 4s dated 1902:
(Chairman), Edwin M. Bulkley, Robert Y. Hebden, Otto H. Kahn and
Guy E. Tripp, with Frederick Geller as Secretary.
Joint committee created by the foregoing committees:
Guy E. Tripp
(Chairman), William P. Dixon, Otto H. Kahn, Edward H. Ladd Jr., and,
ex-officio, Alexander J. Hemphill and Edwin S. Marston, with Alexander
J. Hemphill as Secretary.
Depositaries: Guaranty Trust Co. of N. Y. for said 5% bonds and
Farmers’ Loan & Trust Co. for said 4% bonds, the 5% certificates herein
mentioned being the certificates of deposit of the Guaranty Tr. Co., the
4% Certificates those of the Farmers’ Loan & Trust Co.
Los Angeles Interurban Ry. and the Los An¬
Co.,
geles & Redondo Ry. are now owned entirely by the Southern Pacific
with the exceptions noted above.
The So. Pac. Co. also owns Riverside
& Arlington Ry. and the San Bernardino Valley Traction Co.
Compare
V. 91, p. 1386.
Los Angeles & Redondo Ry.—Controlled by So. Pac. Co.—
See Los Angeles Ry. Corporation above.—V, 91, p. 717.
Manhattan Bridge (N. Y.).—Three-Cent Fare Line—New
Chairman Guy E. Tripp of the Joint Committee says:
“The plan provides for securities, including the new
ties proposed to be issued and old
to a total amount of about $96,000,000, which is a reduction
of about $40,000,000 in the present outstanding
and obligations.
The fixed charges representing
on the bonds adjusted have been reduced by an amount ex¬
securi¬
securities left undisturbed,
securities
the interest
ceeding $1,000,000 per year. The new securities to be
Application.—The company on Dec. 19 submitted a propo¬ issued are approximately as follows: $11,768,000 new
sition to the city covering the use of the Williamsburgh and fixed-charge 4% bonds; $39,000,000 new adjustment income
Brooklyn bridges and two of the four tracks of the Centre bonds and $14,000,000 stock. It is estimated that the net
Street subway, its proposed route extending from Flatbush earnings, after setting aside a depreciation fund, will be
Ave. station in Brooklyn to the City Hall, Manhattan.
sufficient to pay immediately from 2^% to 3% on the
The Public Service Commission In July last (V. 91, p. 154) approved the
proposed route from the Flatbush Ave. station across Manhattan Bridge
and thence through Canal Street, Manhattan, to a point on the North
River, provi led trackage rights and property consents could be obtained
in Canal Street: but this the company has apparently been unable to do.
The company offers to pay the city an amount equal to the annual interest
and amortization on all corporate stock issued by the city for the Centre St.
subway and its
bridge connections, the city to have the right to terminate
after 5 years on payment of cost of equipment plus
the lease at any time
10%.—V. 91, p. 154.
Ishpeming and
Interurban Rail¬
way and Gas and Electric Systems.—The Farwell Trust Co.,
Chicago, and their correspondents, Chapin & Co., Ltd.,
Marquette County Gas & Electric Co.,
Negaunee, Mich.—Bonds Offered Covering
39 Lombard St.,
100 and int. the
London, E. C., England, are offering at
unsold portion of the present issue of
$250,000 1st M. sinking fund 6% gold bonds dated Jan. 1
1910 and due Jan. 1 1930, but redeemable at 105 and int. for
sinking fund purposes or otherwise, on any interest day.
Int. J. & J. at First Trust & Savings Bank, Chicago, the
mtge. trustee. Par $l,000(c*). Tot. auth. issue, $1,000,000.
Abstract of Letter of A. L. Drum & Co.. Engineers, Chicago. Dec. 13 1910.
[This firm has had general supervision of the company for the past thre
years, both as to physical development and accounting.]
Organization.—Generates and distributes gas and electricity for light¬
ing, power, fuel, &c., in Ishpeming and Negaunee (combined population
about 24,000), and operates an electric interurban railway in and between
the two cities.
The franchises are liberal: they are as follows: (a) Ish¬
peming—Gas and electric perpetual; street railway until 1936.
(b) Ne¬
gaunee—Gas until 1933; electric light until 1921: street railway until 1936.
There Is no competition in either city except from a municipal electric
plant In Negaunee, which furnishes most of the local electric lighting.
Bonded Debt.—There are outstanding (a)$250,000 1st M. sinking fund
6% gold bonds due Jan. 1 1930 and (b) $200,000 6-year 6% gold debenture
bonds maturing Jan. 1916, both issues dated Jan. 1 1910, interest payable
J.
& J. at First Trust & Savings Bank,
The first mortgage covers all property
Chicago.
now
owned or hereafter acquired,
fund shall
yearly;
bonds
including franchises, and provides: (a) That an annual sinking
be maintained in 1913, 1914 and 1915 equal to 1% of the par value of
mtge. bonds outstanding, and from 1916 until 1929, incl., 2%
(ft) that the company shall keep its property in good repair; (c) that
in excess of the present $250,000 shall be issued only for improvements or
extensions at 85% of cost thereof, or in retirement of the debentures of 1916;
but no mortgage bonds shall be issued unless the net earnings for the
months next preceding shall have been equal to the interest for a full year
on the mortgage bonds, including those It is proposed to sell.
The debenture bonds due 1916 are authorized to the amount of $300,000;
$200,003 have been issued and additional bonds may be sold
for per¬
manent improvements or extensions at 85% of the cost thereof.
These
debenture bonds are subject to call on any int. day at 100 and int.
six
only
Property.—The plant is modern
and ample for immediate needs. It in¬
Electric steam-turbine generator,
cludes (a) brick building with new General
total capacity 950 k. w.; coal trestle, 400
tons storage capacity: coal-hand¬
each,
ling plant, &c.: (b) brick gas building with four benches of 6 retorts
100,000-cu. ft. gas holder, &c.; (c) 4 ^ miles of electric street railway track.
Balance Sheet Oct. 31 1910, Adjusted to Present Plan of Organization.
Liabilities ($1,245,743).
Assets ($1,245,743).
Plant and franchises
$1,138,678 Capital stock (in$100sh’s) $750,000
Additions
20,648 1st M. 6% (auth. $1,000,000) 250,000
200,000
999 Deb. 6% (auth. $300,000)
Office fixtures
receivable
Supplies
Prepaid accounts
Accounts
Cash
17,202
20,467
57
Accounts payable,
Interest on bonds
Taxes
47,691 Surplus
&c
16,652
18,966
1910 (2 Mos. 1910 Est.)—Estimate for 1911 to 1914.
[The earnings for some time have been sufficient both to pay interest
and to provide for ordinary extensions and betterments.]
1907.
1909.
1910(esf.). 1911.
1912.
1913.
1914.
1908.
Gross
$85,706 $97,320 $107,914 $122,000
Not stated
Net
__$16,341 $21,094 $28,565 $36,000 $41,000 $46,000 $52,000 $58,000
For the ten months ended Oct. 31 1910 the company reports gross earn¬
ings of $99,859 (gas, $22,763; electric light, $41,286; railway, $34,939;
mercantile (net), $871); net earnings (after taxes of $2,832) available for
Interest, $27,836, or over twice the interest requirements for the mtge.
bonds, and, after payment of all prior charges, about 1 ^ times the amount
required for interest on the debenture Issue.—V. 83, p. 1590.
Maryland Delaware & Virginia Ry.—Termination of Mi¬
nority Stock Pool.—The voting trust, which holds about $1,000,000 of the $1,500,000 4% non-cum. pref. stock, will ex¬
pire Jan. 2. Holders of stock trust certificates are notified
to present their trust recepts at the banking house of J.S.Gittings & Co., Baltimore, for exchange for stock cer¬
tificates.—V. 91, p. 1629.
,
“The holders of the stock and improvement notes of the
Met. Street Ry. Co. are given the right of
on
the payment of an assessment sufficient to
new
cash needed, which it is estimated will not exceed $10,000,000.
The plan does not provide for the
participation
furnish the
participation of the
Metropolitan Securities Co. or the New York City Ry.Co.,
but the holders of personal injury claims are offered the right
to participate under the same terms as the most favored
bondholder.
No assessment is required of these tort-claim¬
ants.
Ford, Bacon & Davis, the receivers’ experts, have
prepared an inventory and appraisal of the properties of the
system which show a valuation largely in excess of the total
securities to be outstanding after the adoption of the plan.”
Status of Present
Company—Cash, &c.. Requirements.
Company owns and controls an extensive system of
which there has been expended for construction, re¬
construction, extension, improvement and equipment, as the Joint Com¬
mittee is advised by expert engineers and accountants, a sum In excess of
$120,000,000.
Decrees of foreclosures, respectively, of the general mort¬
gage and of the refunding mortgage have been entered by the Court.
The
Joint Committee contemplates the purchase of said properties at the sales
thereof, subject to the terms of said respective decrees, and the organiza¬
tion of a new company which shall issue the new securities shown below.
(I) Outstanding Securities of System— Issued.
Pledged, [Held by Pub.
Bonds, debentures and collateral
.
The Metropolitan
street railways, on
notes
$53,585,000
62,108,000
$125,185,000 $9,492,000 $115,693,000
$57,285,000 $3,700,000
67,900,000 5,792,000
(schedule A)
Stocks (scheduleB)
Total
^
Special Items—
Improvement nMes made by Metropolitan St. Ry. Co. to the
[There is a
Metropolitan ^Securities Co. without interest.
possibility of a claim that there is an additional amount of
$4,000,000 of said notes outstanding, for the treatment of
which power is reserved to the Joint Committee]
Allowances decreed by Court in favor of tort claimants, est. at
Maximum estimate of cash requirements
Accrued and defaulted interest on the following bonds and
notes held by the public and int. thereon (as of Oct. 1 1910):
(a) 5% bonds, $2,116,969; (b) 4% bonds, $2,094,801; (c)
Cent. Crosstown notes, $92,636; (d) Met. Crosstown 1st M.
bonds, $78,845; total
4,000,000
1,875,000
*10,000,000
4,383,251
Grand total of public holdings and special items
$135,951,251
Note.—The minimum of the bids which the Court has authorized to be
It is believed
accepted at the foreclosure sales aggregates $12,000,000.
that not to exceed the above “maximum estimate” will ultimately be
required to be paid under a purchase for the purposes of this plan.
Out
of this fund, the outstanding receivers’ certificates (substantially $6,500,000), claims adjudged preferential, receivers’ liabilities, costs, &c\, ordered
to be paid by the Court, will have to be met, and, in addition, the expenses
of reorganization.
The estimated amount Is subject to be reduced as a
result of adjustments, application of funds held by the Court, accruing
*
surplus earnings and other items.
(II) Secur .to Remain Undisturbed— Issued. bPledged,&c.
Bonds (Schedule A)
1
$25,646,000 $3,700,000
Stocks (Schedule B)
15,300,000 5,792,000
7,500
2,625
Earnings Years 1907 to
,
adjustment income bonds.
Held by Pub.
$21,946,000
9,508,000
$40,946,000 $9,492,000 $31,454,000
below are to be pledged under the new
Total
b These securities described
mortgages, or held as muniments of title, or
posed of as the Joint Committee may direct.
(Ill) Securities to be Readjusted—
Bonds (Met. St. Ry. gen. 5s, $12,500,000, and ref. 4s,
604,000; Met. Crosstown 1st 5s, $600,000, and Central
canceled, or otherwise dis¬
$16,Cross¬
town collateral notes—unpaid balance—$1,935,000)
$31,639,000
Stocks (Met. St. Ry., $52,000,000; Cent. Crosst., $600,000) __
52,600,000
Special items (as above), viz.: Improvement notes, $4,000,000;
10,258,251
tort-claimants, $1,875,000; int. as above stated, $4,383,251.
Add cash
requirements, estimated
Total
Description of New
1.
10,000,000
$104,497,251
Securities=Terms of Exchange.
mortgage" 4% gold
such date as the
Joint Committee may fix, to be redeemable upon 90 days
notice, at 105% and Int., on and after such date in the year
1916 as may be stated in said bonds; without limitation as to
amount of auth. issue, but the issue of further bonds to
be guarded by mortgage provisions and the approval of the
_
Public Service Commission.
-.--__$11,768 100
Present issue
All Issuable as part consideration for securities disturbed.)
Thirty-year “first real estate and refunding
bonds, to be dated and bear Interest from
1768
THE CHRONICLE
2. Thirty-year adjustment
mortgage 5% income gold bonds (subject
to "first real estate &
refunding
to be dated and
to bear Interest from such date mortgage”),
as the Joint Committee
may
fix, redeemable at any time, upon 90
days’ notice, at par and
Int., in whole, but not in part.
(See also “note” below.)
Authorized Issue (of which
approximately $1,000,000 will
remain In the treasury for future
corporate purposes), $40,000,000.
Present issue
..............$38,933,400
Issuable as part oonsid. for secur.
For cash to contrib. share and notedisturbed..$28,933,400
holders.__ 10,000,000
3. Capital stock (or voting trust or
participation certificates
representing same). Present issue to be
14,150,000
Note.—The holders of adjustment
mortgage bonds shall have the power,
by vote of a majority thereof, to elect one less than a
majority
the mem¬
of
bers of board of directors until the full
5% per annum shall have been paid
to the holders annually for three
successive years, and again thereafter,
during a like period, whenever a failure to pay such
annual interest shall
occur.
During such periods, also, the holders of said bonds shall have
full power in respect of all other
questions upon which stockholders may
vote, to cast one vote for each $100 of the
principal of the bonds held by him.
Terms of Exchange.
Old Bonds, dbc.,
Amount
To
be Exchanged for
Disturbed.
Outstanding.
New 4s.
Adjustment Bonds.
Gen mortgage 5s—$12,500,000
50%
f $4,133,031
100% or $12,500,000
do Int.to Oct.'10
2,116,969
(See “z”)\ 2,116,969
Refunding 4s.
16,604,000
25%
f 2,056,199
75% or 12,453,000
do Int.to Oct.* 10
2,094,800
(See "xV'X 2,094,800
Cent. Crosst. notes.
1,935,000
17.5%+or
339,600 82.4%+or
1,595,400
Met. Crosst. 1st 5s.
600,000
15% or
90,000
85% or
510,000
Tort claimants
1,875,000
50% or
937,500
100% or
1,875,000
For new cash(see below)
100%
Total
j.
.$11,768,100
or
Montreal Tramways
& Power Co., Ltd.—Stock.—The
capital stock of this English holding company is
£4,110,000, consisting of 200,020 shares of £20 10s. lid.
and one of £422 8s. 4d.
Compare V. 91, p. 1711.
Nevada County Narrow-Gauge RR.—Bonds Called.—Nine
1st M. 7% bonds ($9,000) numbered
54, 57, 87, 103, 110,
168, 169, 200 and 223, have been drawn for payment on
Jan. 1.—V. 91, p. 1254.
New Orleans Railway A Light Co.—Bonds
Offered—Earn¬
ings.—Bertron, Griscom & Jenks, N? Y. and Phila., are
offering,at83and int., the unsold portion of a block of $500,000 general mortgage 4^%
gold bonds, dated July 1 1905
and due July 1 1935, but
redeemable, In whole or in part,
after 60 days’ notice, on
any coupon date at 105 and interest.
During 1909 the firm purchased about $5,500,000 of this
issue, of which the amount herein offered is the unsold
balance.
They also sold to French bankers early in 1910
or late in 1909
$2,581,000 “refunding and general lien” 5%
gold bonds, which follow inlien these general mortgage 4Ji»s.
A dividend of
2J^% was recently declared on the pref.
stock, payable Jan. 16 to holders of record Dec. 31.
auth.
Amount
To Pay
■And Receive
Old Stock, &c.—
Outstanding. Assessment. Adjust. Bds.
New Stock.
Met. Street Ry
$52,000,0001
About
1
(25% or $13,000,000
Improvement notes
4,000,000 {$10,000,000
{$10,000,000{25% or 1,000,000
Central Crosstown
600.000J or 17.67% j
125% or
150,000
Note.—The amount of the assessment cannot be
definitely stated at present. I f
it Is necessary to provide for more than
$4,000,000 Improvement notes, the Joint
Committee may adjust same on a basis not more favorable
than here granted.
Comparison Between Present and Proposed Capitalization.
Secur., &c., to be treated and readjusted—see “III”
above_$104,497,251
New securities, stock and bonds, provided
in lieu thereof..
64,851,500
2.
Reduction on basis of securities, &c., treated
$39,645,751
Total outstanding stock and bonds, less
securities to be
acquired at foreclosure
Special items,
as
Total.
Undisturbed
115,693,000
20,258,251
above (Article I)
...
new
Reduction
securities, aggregate
$135,951,251
*
96,305,500
basis of entire outstanding capitalization..
$39,645,751
Schedule A—Total Funded Obligations,
$57,285,000.
{These obligations are precisely those shown in table on p. 79 of the “El.
Ry. Sec.,”
except that (a) the plan takes no account of the $500,000 Fulton St.
RR. 1st M.
4s; (b)the Central Crosstown notes are now $1,935,000 Instead of
$2,250,000, and
(c) the Met. St. Ry. improvement notes, taken in the plan
as amounting to $4,000,000, are Included with the “special items.”—Ed.]
(a) Outstanding Obligations that Remain Undisturbed, Total
$21,946,0002.
Lex. Av. &P. F. IstM. 5s,’93-$5,000,000
|23d St. 1st M. 6s. due 1909... x$50,000
Col. & 9th Av. 1st M. 5s, ’93.. 3,000.000 Bleecker St.
& F. F. M. 4s, '50
700,000
So. Ferry RR. 1st M. 5s, '19..
350,000 42dSt.&G.St.F.lstM.6s,due’09
236,000
Broadway Surf. 1st M. 5s, ’26. 1,500,000 8th Av. 6% scrip, 1914
750.000
34th St. Crosst. 1st M. 5s, ’91. 1,000,000 Chris. &
10th St. 4s, 1918
210,000
Broadway & 7th Av. 2d 5s, ’ 14
500,000 Cent. Crosst. 1st M. 6s, 1922.
250,000
do
do
1st consol. 5s, 1943 7,650,000 Real estate
mortgage
950,000
(6) Bonds and Notes to be Readjusted,
Aggregating $31,639,000.
Met. Crosst. 1st M. 5s
$600,000 1 Met. St. Ry. gen. 5s
$12,500,000
Cent. Crosst. RR. 5s. due ’09. s, 1,935,000
| do do ref. M. 4s
16,604,000
(c) Pledged Bonds, $3,700,000, to be Acquired under Foreclosure
Sale.
{All held under the present refunding mortgage.]
Met. Crosst. 5s, due 1901
$300,000 42d St. & G.St.F.lst 6s,due '09
200,000
Bwy. Surf. 2d M. 5s. due 1905. 1,000,000 23d St. Ry. 1st M.
6s, due 1909
200,000
Real estate mortgages
350,000
do
do
deben 5s, due 1906
150,000
Bwy.dc 7th Av.lst M. 5s, due '04 1,500.000
Schedule B—Total Stocks Issued,
$67,900,000.
(aa) Outstanding Stocks to Remain Undisturbed,
$9,508,0002/
Broadway & 7th Av. RR
i/$700,000 42d St. & Gr. St. Fy. RR... 2/$348,000
6th Ave. RR...
2,000,000 8th Ave. RR
1,000,000
9th Ave. RR.
■
800.000 N.Y.& Harlem RR. (city line) z2,500,000
23d St. Ry
600,000 Christopher & 10th St. RR..
650,000
Bleecker St. & Fult. Fy. RR.
900,000 34th St. Crosstown..
2/10,000
(65) Stocks to be Readjusted, Aggregating $52,600,000.
Metropolitan Street Ry
$52,000,000 | Central Crosstown RR
$600,000
(cc) Additional $5,792,000 Stock to be Acquired under Foreclosure
Sale.
Pledged under Gen. Mtge.—
Pledged under Ref. Mtge.—
Broadway & 7th Ave. RR
$1,400,000 Fort George & 11th Ave RR..$3,000,000
42d St. & Grand St. Ferry RR.
400,000 145th Street Ry
2,000
34th St. Crosstown Ry
990,000
on
x Note additional amount under "c."
y Note additional amount under "cc.'
Proportion of entire capital stock allotted (for purposes of this plan) to said
city
line.—V. 91. p. 1711, 1574.
2
Missouri Kansas A Texas Ry. Co.—To
Complete Purchase.
—The M. K. & T. Ry. Co. of Texas announces its
intention
to
apply to the Legislature of Texas convening Jan. 11 1911
a special law
authorizing it (1) to purchase the Dallas
Cleburne & Southwestern Ry., Cleburne to
Egan, 10 miles.
for
Also to permit extension of same as provided In charter of
D. C. & S. W.
Ry. Co. within an additional period of two years or otherwise. Likewise
to assume the bonds and other Indebtedness of said
to purchase
the stock and to exchange its own stocks and bonds forcompany;
the stocks andjbonds
subject to the approval of
(Compare V. 91, p. 799.)—
V. 91, p. 1160, 1254.
10,000,000
1.
LXXXAI.
of said company, or to substitute Its own
bonds,
the RR. Commission of Texas, in lieu thereof.
$38,933,400
x The amounts of new 4% bonds
to be given on account of both
principal
and overdue interest, if taken together for each
issue of old Met. St. Ry.
bonds, are equal in the case of the gen. 5s to an allowance of
50% on the
principal of that Issue and In the case of the ref. 4s to an allowance
of 25%
on the principal of the ref. issue.
The gen. 5% bonds also receive
100%|in
adjustment bonds and the ref. 4s 75% in the same Issue,
making the total
amount given in exchange (a) for the gen.
5s, 150%, and (6) for the ref. 4s,
par, in the two classes of new bonds.
Central Crosstown notes get 100% in
new 4s and adjustment bonds
combined.
Should the new securities be dated at a date later
than Oct. 1 1910 a
sufficient amount of new 4% bonds will be added to
the amount of the same
allotted for interest accrued and deducted from
the amount allotted to
principal to equal the accrued Interest on said old bonds and the
coupons
pertaining thereto at the date of such new securities.
The Joint Committee may receive
conveyances to it of the property of
the Central Crosstown RR. Co.,
Including its lease of the Christopher &
Tenth St. RR. Co., free and clear of all
incumbrance on said Central Cross¬
town RR. Co. excepting the extended 1st M. bonds of
the Central Crosstown
RR. Co., to an aggregate principal amount not to
exceed $250,000, and
cause to be issued In return therefor the
securities above described.
If the
committee shall not receive such conveyance, or if the
tender by this plan
authorized shall not be accepted by the holders of the
bonds of the Metro¬
politan Crosstown RR. Co. or by the tort claimants, the Joint
Committee
shall have authority to consummate this
plan in all other respects as shown.
This plan will become effective and
binding upon the holders of certifi¬
cates for bonds held (1) by the 5% committee and
(2) by the 4%committee,
if upon published notice of approval
of the plan by the said committees,
severally, holders of their respective outstanding certificates of
deposit
representing one-third in face amount of the deposited bonds shall
not
within 30 days file notices of dissent.
{VOI,.
Condensed Extracts from Letter of President
Hugh McCloskey, New
Orleans. Jan. 25 1910.
(Revised as to Earnings, &c., to
December, 1910.)
Operates and controls the entire street railway system of the
city of
New Orleans, with
approximately 200 miles of track; also controls the entire
gas, electric light and power business of New
Orleans,
except for one small
electric plant. Since July 1905 has
spent on construction and improve¬
ments about $5,000,000, of which about
$1,000,000 from net earnings.
Capitalization.
Pref. stock, 5%
non-cumulative, authorized and outstanding..$10,000,000
Common stock, authorized and
outstanding
20,000,000
General mortgage 4^% gold
bonds, authorized, $30,000,000;
outstanding (closed mortgage)
17,544,000
Held in reserve to retire
underlying bonds of constit. properties. 12,456,000
The above bonds are followed
by an authorized Issue of $50,000,000 “re¬
funding and general lien” 5% gold bonds, of which $30,000,000 are reserved
to retire the general
mtge. 4J^% gold bonds; of the remainder, $2,581,000
have been issued for extensions and
improvements, leaving a balance of
$17,419,000 in reserve in the treasury to be Issued under
careful restrictions
for future additions,
extensions, Improvements, &c.
Earnings for 11 Months ending Nov. 30 1910 and 1909.
11 mos.end.
Gross
Net (after
Int. on Under-Int. on Gen.
Balance,
Nov. 30.
Earnings.
Taxes),
M. 4
lying Liens.
Surplus.
1910
$5,706,423
$2,151,700
$573,443
$723,690
$854,567
1909
5,507,225
2,007,663
578,382
669,714
759,567
As a result of recent
expenditures and the extensions and improvements
contemplated for 1910, for which there Is available about
$1,000,000
from
the proceeds of the recent sale of
“refunding and general lien”
gold
bonds, the earnings for 1910 should show large Increases even over 5%
1909.
The traction system Is modern, efficient and
up to date.
The physical
condition of both the gas and electric
property is excellent.
The company
owns three modern
power houses and one small reserve station
with a
capacity of over 40,000 h.p. The gas plants have a capacity of
4,000,000
cu. ft. and the distribution
system is sufficient to care for present needs.
In addition to the 200 miles of
electric railway trackage
and
operated by the company and Its subsidiaries, there are over owned
300 miles of
gas mains, extensive electric
lighting equipment and large car barns, car
houses, shops and storage barns located on valuable real estate situated
In
suitable sections of the city.
The bonds herein offered are, through de¬
posit under the mortgage of almost all the stock of the New
Orleans Gas
Light Co., practically a first mortgage lien on all the
property of that com¬
pany, which controls the entire gas business of the
city of New Orleans.
[All the bonds of the Gas Light Co. have been
retired.—Ed.]
The franchises under which the
companies operate are either perpetual
or extend for a
long period of years, with the exception of two unimportant
ones, which expire 1917 and 1918.
The franchise of the Gas Light Co. is
not only perpetual but It Is also
exclusive until 1925, and its exclusive
feature has been affirmed by the United States
Supreme Court.
All of
the franchises are free from burdensome
restrictions.—V. 91, p.,1328.
Norfolk Southern
stockholders will vote
mortgage to
RR.—Proposed New Mortgage.—The
on Jan. 30 1911 on
authorizing a new
secure an
issue of $35,000,000 1st M.
bonds,
in order to provide in a broader
way for the future require¬
ments of the
company than the present “first and refunding”
mortgage, limited to $12,000,000 in accordance with the re¬
organization plan. No arrangement has been made to sell
any of the new bonds, nor have the details yet been fixed.
None of the bonds of the $12,000,000 issue has been
sold, but $9,000,000
have been issued, $5,780,000 being
deposited as collateral for the $4,360,000
one-year notes sold in October last and $3,220,000 are reserved
to retire a
like amount of underlying bonds.
When the bonds of the new issue are
substituted for those of the present issue there will be left in
the treasury
of the company $26,000,000 of the new
bonds for future purposes.
The
$5,780,000 bonds, when they are sold to retire the
furnish the company with $1,000,000 additionalone-year notes, will also
working capital.
The
recent sale of notes left the company. It Is
said, with about
$300,000 new
capital, after paying off. maturing obligations and
floating debt..—V. 91,
1254, 1026.
p.
Northern Central Ry.—Favorable Decision.—A
press dis¬
patch states that the U. S. Circuit Court in the suit brought
by the Safe Deposit & Trust Co. of Baltimore held that the
proposed lease to the Pennsylvania RR. is not subject to
the Ground Rent
Redemption law of Maryland and is there¬
fore not redeemable.
The Court was asked to restrain the execution of
the proposed lease.
The lease, it is stated, is not to become effective
until March 1 unless mean¬
time an authoritative decision is obtained
holding
that
the lease Is not re¬
deemable under the State laws.
Compare V. 91, p. 1254.—V. 91,
p.
1630.
Northwestern Elevated RR.f
Chicago.—Merger Negotia¬
tions.—The negotiations for the
merger of the elevated roads
of the city,
Chicago papers say, are likely to be resumed
shortly, possibly within a fortnight.—V. 91, p. 866, 791.
Old Colony Street Ry.—New Stock.—The Mass. RR.
Com¬
mission has been asked to sanction an issue of
$300,000
additional common stock on account of
extensions,
equip¬
ment, &c.—V. 91, p. 1630.
Oregon-Washington Railroad A Navigation Co.—Proper¬
ties Taken Over.—The stockholders of the
various companies
included in the merger on Dec. 22 ratified the same
and the
properties were taken over Dec. 24. The consideration
named in the deeds to the
415,000,
new
company, aggregating $115,
were as follows;
Oregon RR. & Nav. Co., $78,380,000 (including the
standing bonds, which have been assumed); Oregon & $23,380,000
out¬
Washington RR.,
$15,000,000;LColumbla|Riverl&|OregonlCentralRR.,11950,OOOXColumbla
Deo.
THE CHRONICLE
311910.]
Southern Ry., $1,075,000 ; Ilwaco RR., $1,000,000; Lake Creek & Coeur
d'Alene RR., $790,600- Oregon Washington & Idaho RR., $3,400,000;
Snake River Valley RR. $2,265,000; Umatilla Central RR., $315,000;
Idaho Northern RR., $1, 400,000; North Coast RR., $7,550,000; Northwestern RR., $2,640,000, and Malheur Valley Ry., $550,000.—V. 91, p.
1630. 1512.
,
Pacific Light & Power Corporation, Los Angeles.—Bonds
Sold.—N. W. Halsey & Co., N. Y., Phila., Chic, and San Fr.,
recently offered at par and int.,and have wholly sold, the
present issue of $2,000,000 collateral trust 6% 5-year
gold bonds, dated July 1 1910 ana due July 1 1915, but re¬
deemable at 1023^ on any int. date.
Int. J. & J. Par
$I,000c*. Tax-exempt in California. Trust Co. of America,
New York, trustee.
Total auth. issue $3,000,000.
entire
1769
Five-year 6% convertible gold
coupon notes, to
be dated Mch. 1 1911
and due Mch. 1 1916.
Int. M. & S* at Old Colony Trust Co., trustee, Bos¬
ton.
Denominations $100, $500 and $1,000. > Convertible at option of
holder Into common stock at par ($100) after Mch. 1 1912.
Callable as a
whole at 100 and Int. on any int. date after Mch. 11913 upon 60 days’ notice.
The proceeds of this issue will provide for the retirement of the floating
debt, which amounts to $235,000, Incurred for additions and improvements
necessary to meet the demands of new business.
<
The company does the entire street railway business in Pensacola, op¬
erating approximately 20 miles of traok, and, through ownership of all the
securities of the Escambia County Electric Light & Power Co., also does the
entire electric-lighting and power business in the city.
Rolling stock: 30
passenger motor cars, 8 passenger trailers and 11 miscellaneous cars.
The
power station has a capacity of 1,400 kilowatts.
Capitalization—
Authorized. Issued.,
1st M. 5% [$125,000 of these $946,000 are in treasury]$l,500,000
$946*000
Additional bonds can be issued for not exceeding
80% of the actual cost of permanent additions and
improvements.
/Described
5-year convertible 6% coupon notes, due 1916
250,0001 above.
Preferred stock, 6% cumulative
500,000
30(1,006
Common stock [$250,000 of the amount unissued is
reserved for conversion of coupon notes]
800,000
•_ 1,050,000
See further particulars in V. 91, p. 1711.
These bonds are convertible on any Interest date prior to maturity,
through N. W. Halsey As Co., for 1st M. bonds of the South. California Gas
Co., which see under “Industrials” below.
The bondholder may elect to
take either a 6% 40-year bond at par or a 5% 40-year bond at 90.
Abstract of Letter from Pres. Wm. Q. Kerckhoff Los Angeles, Oct. 20'10
Organization.—The Pacific Light & Power Corporation was organized
Feb. 10 1910 and acquired the entire properties of the Pacific Light & Power
Railroad Construction.—Total in 1910.—The “Railroad
Co., which is engaged In the business of supplying electricity for light,
Age
Gazette” reports that approximately 4,122 miles of new
power and street railway operation in Los Angeles, Cal., and vicinity; also
main track were built in the United States during the calen¬
[the control of] the Southern California Gas Co., which supplies gas
for light, heat and fuel purposes in the same locality.
dar year 1910, contrasting as follows:
Capitalization.
First pref. stock, 6% cum., authorized
1910.
1909.
1908.
1904.
1903.
1907.
1906. - 1905.
1901.
$5,000,000; issued, $2,042,500
Second preferred stock, authorized
10,000,000; issued, 10,000,000 4,142
3,748
3,214
5,212
5,623
4,388
3,832
5,652
6*026
Common stock ]5%[
..25,000,000; issued, 12,042,500
The Chicago Milwaukee & Puget Sound added the largest amount of new
Prior liens (closed mtge.—see p. 66 of “El. Ry. Section”), issued. 9,318,000
mileage, having built 72 miles in Idaho, 93 miles In Washington, 132 miles
Pac. Lt. (c Pow. Corp. coll, trust 6s, auth..$3,000,000; issued,
2,000,000 In South Dakota and 124 miles in North Dakota, a total of 421 miles. - The
This issue of bonds will retire the present bonded and floating debt of the
Atch. Topeka & Santa Fe is second, with 100 miles in California and*298
Southern California Gas Co. and will provide funds for extensive improve¬
miles in Texas.
The Northern Pacific built 236 miles.
The State of Texas
ments.
The Pacific Light & Power Corporation has provided for a large
is again first this year, with 756 miles; Washington and North Dakota come
increase in the capacity of its own electrical plant and distributing system
next, each with over 300 miles, and Idaho, Minnesota, Oregon and South
by offering $3,000,000 pref. stock to its stockholders.
The amount at Dakota follow with between 200 and 300 miles each.
In Canada, 1,844 miles were reported, as compared with 1,488 miles in
present required for these improvements is $2,000,000, and sales of this
The improvements and extensions re¬
amount have been underwritten.
1909, an increase of 356 miles. The Grand Trunk Pacific built 335 miles,
ferred to above will materially increase the earnings of both companies.
and on the eastern end the National Transcontinental built 437 miles, a
In case this company places a new mortgage on its property the collateral
total of 772 miles; on the western end work Is under way on 1,168 miles of
6s will share ratably in the security of such new mortgage.
As additional main line and branches and on the eastern end on 807 miles. The Cana¬
security, $4,000,000 Southern California Gas Co. 1st M. bonds (the entire
dian Northern added 484 miles in the Western Provinces and is now at
present issue) will be deposited with the trustee (see that co. under “In¬
work on 76 miles in Manitoba, 283 miles in Saskatchewan and 221 miles in
The collateral trust 6s are convertible on any Interest
dustrials” below).
The Canadian Northern Ontario added
Alberta, a total of 580 miles.
date prior to maturity for the 1st M. bonds of the Southern California Gas
75 miles and now has work under way between Toronto and Ottawa on
The bondholder may elect to take either a 6% 40-year bond at par
Co.
258 miles; also on a 30-mile section between Gowganda Junction and Port
or a 5% 40-year bond at 90.
Arthur (500 miles apart) on the through route to the Pacific Coast.
The
Property of Pacific Light A Power Corporation.—The company owns an
Canadian Pacific laid a total of 367 miles and Is at work on about 263 miles.
extensive system of generating plants, with a present generating capacity
—V. 90, p. 54.
of 43,000 h. p.
Of this amount about 19,000 h.p. is generated by water,
the principal hydraulic plant (13,500 h.p.) being located at Borel on the
St. Louis Southwestern Ry.—Decision on Safety Appliance
Kern River, and the principal steam plant (20,000 h.p.) at Redondo.
The Law.—The U. S. Circuit Court of
Appeals at New Orleans
company Is at present erecting a new steam plant at Redondo which when
completed will increase the present generating capacity of the company to on Dec. 13, reversing the Federal Court for the Eastern Dis¬
about 75,000 h.p.
The company has 423 miles of high-tension transmission
trict of Texas, held that the Government can collect a penalty
line now in operation and 22 additional miles In course of construction.
It
also has an underground distributing system in the conduit area of Los
under the Safety Appliance Act as amended April 1 1896
Angeles and overhead lines in the system outside of this district.
Owner¬
or each defective car in a train, the car, not the train,being,
ship is also held In whole or by a controlling interest of a number of unde¬
the
unit of offense.
veloped but Important water power systems which can be brought to a pro¬
ducing condition as the market demands.
The rights and franchises
The company contended that by one act, In which 3 cars were hauled,
operated are either without limitation in point of time, as in the cities, or
there was only one movement.
Judge Shelby says that the hauling
else extend from 22 to 45 years beyond the life of the bonds.
Many miles or use of each car constitutes a violation for which the penalty
of right of way of transmission lines are owned outright.
may be inflicted, but that the contention is that the hauling or use of each
The corporation is engaged in a general lighting and power business In
car must be separate or there is but one offense.
In view of the purpose of
Los Angeles and vicinity, with special attention to pulling the loads of the
the Act to protect life and limb by the enforced equipment of every car, it
Los Angeles Ry. Co., the Los Angeles & Redondo Ry. Co., the Pacific
is held that the construction contended for by the defendant would be so
Electric Ry. Co. and the Los Angeles Interurban Ry. Co., which own and
narrow as to.defeat the intent of Congress.—V. 91, p. 1631, J575.
operate 744 miles out of a total of 822 miles of electric road in Los Angeles
and vicinity, comprising one of the best urban and Interurban electric
St. Louis Terminal Electric Ry.—New Stock.—A certificate
railway systems In the world.
[See also Los Angeles Railway Corporation
was
filed in Missouri on Dec. 27, increasing the auth. capital
above.—Ed.].
It also sells current, either through its own distributing
systems or through wholesale deliveries to other corporations, In Holly¬
stock from $1,000,000 to $2,000,000.
The road belongs to
wood University, Dolgcville, Buarte, Pasadena, South Pasadena, Alham¬
the McKinley system.—V. 85, p. 100.
bra, Covina, Monrovia, Huntington Park, Glendale and Azusa, Los Angeles
County, San Bernardino, Ontario and High Grove, San Bernardino County,
San Antonio Rio Grande & Tampico RR.—Bonds.—The
Riverside and Corona, Riverside County; and in the country adjacent to
these towns.
A considerable amount of power is sold for pumping water
company on July 1 applied to the Texas Railroad
for irrigation and the demand for current for this purpose is rapidly in¬
sioners for authority to issue $1,800,000 5% 30-year gold
creasing.
The market is not dependent upon any one line but is extremely
varied.
On a large part of its business the corporation is protected from
bonds on 90 miles of road, to extend from San Antonio south¬
possible competition by reason of Its long-term contracts for the sale of
west to a point in La Salle County between the Nueces and
current to 744 miles of affiliated railways.
It Is estimated that the total population served is about 400,000.
The Frio rivers.
population of Los Angeles in 1900 was 102,000; in 1910 it was 319,000, an
The company was incorporated in Texas on Feb. 1 1910 with $90,000
increase of over 210%.
The city has 42 banks with a combined capital and
authorized stock.
The Harrison Engineering Co., 42 East 23d St., N. Y.,
surplus amounting to $20,000,000 and with deposits of $110,000,000.
has the construction contract.
Of the road 18 miles is reported to be
Property of Southern California Gas Co.—This company owns in fee a
and it is expected to have 4 5 miles in operation this year. The road
modern gas plant, capacity 4,000,000 cu. ft. per day.
Excellent railroad graded
facilities.
Main buildings of concrete and steel, entirely fire-proof.
Appa¬ is projected to extend from San Antonio to Tampico on the Gulf of Mexico,
about 250 miles.
Chairman of the Board, Geo. W. Nock, New York;
ratus of the best type and in duplicate.
About 195 miles of mains—9,658
Pres., J. F. Edwards, N. Y.; 1st V.-P., H. H. Aubrey; 2d V.-P., W. H.
services and 10,000 metres in use In Los Angeles and vicinity.
Cullen; 3d V.-P., A. L. Matlock; Sec., H. C. King Jr.; Treas., J. H. Hale,
The proceeds of the new oond issue will be used not only to extend the
all of San Antonio, Tex.
low-pressure distribution mains in the city of Los Angeles, but will also
extend the service to outlying districts with the view of ultimately supplying
Seattle Renton & Southern Ry.—Litigation over Fran¬
The most
all-the gas required within a radius of 90 miles of Los Angeles.
chises.—The
city council on Dec. 23 voted unanimously
important of the proposed extensions is the San Bernardino high-pressure
line, which, when completed, will be about 72 miles long and will pass through
(with
the
exception
of one councilman, who was excused) to
a rich and fertile agricultural section under the highest state of cultivation.
revoke the franchises of the company on the ground that
There are 15 small towns and cities located along the proposed route, with a
class of inhabitants who demand all the advantages of modern living.
there had been a number of violations of the terms of the
The population to be supplied along this line at the present time is over
franchise limiting fares to 5 cents within the city limits.
85,000 and is growing at an unusual rate.
Prior to the meeting the company had obtained a temporary injunction
Earnings Year ending Dec. 31.—Pacific Light A Power Co.
from the Federal Court restraining the city authorities from interfering
[Not including the earnings of the Southern California Gas Co., which as
with
the operation of the cars; but this had not been served on all the parties
an Independent and comparatively new company has earned during the
named therein when the vote took place.—V. 89, p. 919.
first six months of 1910 more than sufficient to pay the interest for a like
period on this entire bond issue.
The extensions provided by these bonds
Southern Indiana Ry.—Securities Ready,—Notice is given
will of course greatly increase the earnings.]
Commis¬
1906.
1907.
1908.
Gross income
J
$1,332,533
$1,281,055 $1,796,899
Net income (after taxes)
$699,093
$749,239
$839,307
Interest on funded debt.
Interest on $2,000,000 6% bonds, 1915 (this issue)
.
1909.
$1,923,510
$848,937
462,662
120,000
Surplus, available for sinking funds, dividends, &c
—
V. 91. P.
$266,275
155.
Pennsylvania Company.—Dividend Decreased.—This com¬
whose $80,000,000 capital stock is owned by the Penn¬
sylvania RR. Co., will on Dec. 31 pay a semi-annual dividend
of 4%, contrasting with 5% in December 1909, and making,
in connection with the usual 3% paid in June,atot-al of 7%
for 1910,or the same as in 1907 and 1908, against 8% inl909.
by advertisement on another page that the securities to
which depositors are entitled under the plan (V. 91, p. 337)
are now ready for distribution at the First Trust & Savings
Bank, Chicago. The Girard Trust Co., Phila., will effect
the exchange for such holders of certificates of deposit issued
directly by it as do not desire to make the exchange at
Chicago for themselves.
The holders of certificates of deposit for 5% collateral bonds of the Chicago
Southern Ry., issued under trust agreement dated July 1 1905, will in addi¬
tion to the new securities receive, as provided in the plan, a check for the
amount of one semi-annual interest installment on their bonds.
The new
company, -the
Chicago Terre Haute & Southeastern Ry.,
pany,
Annual Dividend Record
began paying at tne
(Per Cent).
1894
4
’95 to ’00 1901
None
3
creasing the amount of stock outstanding from $60,000,000 to $80,000,000.
As this year’s dividend is 7% on the $80,000,000 of stock, while the divi¬
dend of last year was 8% on $60,000,000, the Pennsylvania RR. receives
this year in dividends from the Pennsylvania
With $4,800,000 In 1909.—V. 91, p. 646.
Co. $5,600,000,
as
compared
Pennsylvania RR.—See Penna. Co. above.—V. 91, p. 1513.
Pensacola (Fla.) Electric Co.—Convertible Notes.—These
$250,000 notes are described as follows:
from date of maturity to Jan. 1 1911.
Dec. 23 to Holders
Abstract of Circular Sent by Hodenpyl Committee on
of Southern Indiana Ry. 1st M. 4s.
1902 1903 1904 1905 1906 1907 1908 1909 1910
4
345567787
In January 1910 a stock dividend of $16 67 per share was declared, In¬
1893
Bankers Trust Co. on Dec. 28 coupons for interest
1 1910 on 1st mtge. bonds of the South¬
that fell due Feb. 1 1910 and Aug.
ern Indiana Ry. Co., with interest
•
Your committee hopes to be able on and after Dec. 28 1910 to returnTall
deposited bonds and to pay all back interest (coupons of Feb. 1910 and
since.—Ed.) with Interest on overdue coupons; it having been notified that
the reorganization committee expects, on or shortly after that date, to take
the final steps In the plan.
(Note announcement above.—Ed.).
The new company, the Chicago Terre Haute & Southeastern Ry. Co.,
has been organized under the laws of Indiana and has been authorized to do
business in Illinois.
If the details can be attended to in so brief a time,
it is hoped that by Deo. 28 the new company will have acquired the rail¬
roads of the Southern Indiana Ry. Co. and the Chicago Southern Ry. Co.,
and will have authorized (a) the supplemental mtge. to the Girard Trust
1770
THE CHRONICLE
Co. as additional security for the Southern Indiana 1st mtge.
bonds; (6)
the “first and refunding” mtge., and (c) the Income mtge.
The expectation Is that the new company will
begin business with the
following securities outstanding:
Authorized.
Outstanding.
(1) New “first and refunding” M. 50-yr. gold bds_ $3,100,000
$20,000,000
(2) New Income bonds
6,500,000
6,500,000
(3) New common stock
4,300,000
4,300,000
(4) Southern Indiana Ry. Co. 1st M. gold bonds.
7,537,000
(Closed M)
It is further expected that all
receiver’s certificates and Indebtedness
for equipment will be paid off, including the purchase
price of some $500,000
worth of equipment, delivery of which began in November of this year,
and that the new co. will have from $400,000 to $500,000 cash on hand.
The supplemental mortgage to the Girard Trust Co. conveys: (1) All the
equipment owned by the Southern Indiana Ry. Co. or by the receiver of
the company on July 1 1910, and certain additional
equipment Intended to
take the place of any of such equipment destroyed or otherwise
disposed of.
(2) All Interest which the new company has or may hereafter acquire in
the Bedford Belt RR. Co., It being expected that the new company will
very shortly acquire the capital stock of the Bedford Belt RR. Co.: and
(3) All extensions, branches and spurs constructed or acquired, or which
shall be hereafter acquired by the receiver of the Southern Indiana Ry. Co.
or the new company from any point on the
existing line of railroad hereto¬
fore owned by the Southern Indiana Ry. Co.: provided that when any such
branch, extension or spur exceeds 10 miles, no part In excess of the 10 miles
shall be subject to the supplemental mtge., and provided that when the
total length exceeds 10 miles and no part Is put in operation until after the
total length exceeds 10 miles, the supplemental mtge. shall not constitute
a lien on any such branch, extension or spur.
Under the supplemental
mtge. the new company is bound to replace any equipment which shall be
worn out or otherwise disposed of, so that at all times the
efficiency and
capacity of the equipment will be fully kept up.
In order that each depositor may receive all overdue interest, with Inter¬
est thereon at the rate of 6% a year, upon bonds deposited by him, and
may receive back such deposited bonds (1st M. 4s dated 1901) with all
coupons maturing on and after Feb. 1 1911, each depositor Is requested to
Sresent
or mail intheblank
enclosed
order, dulytosigned,
and his certificate
of deposit
uly endorsed
for surrender,
the depositary
or sub-depositary
which issued it, that Is, to the Bankers Trust Co., 7 Wall St., N. Y., the Gir¬
ard Trust Co., Phila., or the American Trust Co., Boston, as the case maybe.
The depositary or sub-depositary will stamp upon the certificate “inter¬
est coupons due Feb. 1 1910 and Aug. 1 1910, with interest to Dec. 28
1910, paid and coupons surrendered.”—V. 91, p. 1448, 1255.
Southern Pacific Co.—Suit to
Recover Oil Lands.—The
Government on Dec. 10 brought suit in the United States
Circuit Court at Los Angeles, Cal., against the company, the
Southern Pacific RR. and the Kern Trading & Oil Co. (con¬
trolled
in the
by the company) to recover 6,100 acres of oil lands
Midway District in Kern County, Cal.
It is claimed that the lands were not formally patented by the railroads
until 1904, and that they were designated on the Government surveys as
mineral bearing on maps made from a survey in 1902.—V. 91, p. 1637,
1631, 1628, 1386.
Southern Pacific of Mexico.—Additional Concession.—The
company has obtained a concession empowering the road to
continue its projected line from Guadalajara, the terminus
previously fixed, across Mexico into Mexico City. The
concession, it is said, will probably result in obtaining a more
satisfactory traffic agreement with the Mexican Central than
would otherwise be possible, there being no probability, it is
reported, of availing of the concession.
The company, whose $75,000,000 stock Is owned by the Southern Pacific
Co., took over the concessions extending from Empalme to Guadalajara,
with 652 miles of branch lines, a total of 1,493 miles, of which 900 had
been completed June 30 1910.
The advances by the Southern Pacific Co.
for construction amounted on June 30 1910 to $35,965,602.
Compare
Southern Paeiflc Co. report in last week’s “Chronicle,” pages 1645, 1648
—V. 88, p. 1622.
Stone Canon Pacific Ry.—New Company.—The company,
incorporated in Maine on Aug. 25 last, has taken over the
property of the railroad company of the same name, which
was purchased at foreclosure sale on
July 14 1910 by the re¬
organization committee (V. 91, p. 590). Stock authorized
and outstanding, $150,000; par, $100.
Pres., Frank W.
Rollins; Sec., Walter H. Seavey; Treas., Joseph W. Lund.
Office, First National Bank Bldg., San Francisco, Cal.
Third Avenue RR., New York.—Committee Appeals to
Court.—Justice Amend in the Supreme Court in this city
on Dec. 29 granted a writ of certiorari to the bondholders’
reorganization committee to review the action of the Public
Service Commission in denying their application to approve
the amended reorganization plan.—V. 91, p. 1575, 1255.
United Railways & Electric Co. of Baltimore.—Called
Bonds.—Three first mortgage 6% bonds of the Central Ry.,
Nos. 17, 163 and 181, issued under mortgage of May
11 1882,
will be paid at par at the Safe Deposit & Trust Co. of Balti¬
more on Jan. 1 1911.—V.
91, p. 1631, 1388.
Wabash RR.—Dividends
on
Debentures.—The directors
have declared semi-annual dividends of 3% on the debenture
“A” bonds and 2% on the debenture “B” bonds, payable
Jan. 1, being the same rate as paid in July and Jan. 1910.
Previous Dividend Record of A and B Debentures (Per Cent).
1896. 1897-99. 1900-04. 1905-06. 1907. 1908. 1909. 1910.
“A” bonds
10
6 y’ly.
6
3
6
0
6
“B” bonds
0
0
None.
0
112
4
Compare V. 86, p. 53.—V. 91, p. 1328, 1020.
Wages.—The following
are
recent developments:
Fifty Western railroad systems, after direct negotiation with the men,
on Dec. 29 agreed to give their conductors, baggage men, brakemen and
flagmen a 10% wage increase dating from the morning of that day.
The
arrangement, it is said, affects 75,000 men and will cost about $5,000,000
yearly.
The Canadian Northern also agreed to the proposition and the
Canadian Pacific granted the increase, although their men did not take
part in the demand.
The locomotive engineers on Dec. 24 also received a 10% increase, at a
cost, it Is said, of $4,000,000 a year.
See page 1730.
The Lehigh Valley engineers, about 1,000 in number, have been allowed
an Increase, the new scale going into effect on Jan. 1 and the average in¬
crease being, it Is said, about 6%.
Passenger engineers who formerly
received $3 75 will now get $4 a day, freight engineers will be advanced
from $4 to $4 50 and yard engineers from $3 60 to $4 a day.—V. 91, p.
520, 465.
Wilmington (Del.) Newcastle & Southern Ry.—Sale of
Upper End.—Sheriff Lippincott at Wilmington, Del., on
Dec. 23 sold, for $100,000, to Solomon Hanford of New York
(representing, it is supposed, E. Clarence Jones Co., who
owned the greater part of the bonds) the portion of the road
between Wilmington and Newcastle covered by the 1st M.
of the Wilmington & Newcastle Ry. of 1896 for $150,000.—
V. 91, p. 1712, 1448.
[VOi.
LXXXXI
Wisconsin Traction, Light, Heat & Power Oo.—Proposed
Hydro-Electric Plant on Wolf River.—President John I. Beggs
has been quoted as saying:
The necessary land has been secured near Gardner’s dam, in Langlade
County, about 70 miles from Appleton. The power that will be developed
there will be used bj^the lnterurban system operated In the Fox River Val¬
ley by the Wisconsin Traction, Light, Heat & Power Co. At present we
are getting no power at all from our water plant at Appleton, as the Gov¬
ernment has shu‘ the water off (owing to drought), and we are forced to
depend entirely on our steam plant. The harnessing of the Wolf River,
on which we will spend about $1,000,000, will
help us out In future years
under similar conditions.
The dam will be 35 feet high, with two flumes ex¬
tending 1 Yt miles to the site of the power plant. The river drops 60 feet
In that mile and a half, which will give us a total fall of 95 feet, sufficient
to develop several thousand horse-power every 24 hours.
We hope to
have the power available for use within two years.
[It Is said that the
will
furnish
plaut
power and light for six cities with a population of 20,000
each and for 40 miles of trolley line.—Ed.—Compare V.^91, p. yaJ
INDUSTRIAL, GAS AND MISCELLANEOUS.
(J. H.) Adams & Co., Los Angeles.—Re-incorporated com¬
pany Interested in Electric Railways and Telephone Enter¬
prises.—This company, a re-incorporation with $3,500,000
of authorized capital stock (par value believed to be $100
a share),
filed articles in California on or about Dec. 10,
the incorporators being J. H. Adams, J. R.
Martin, R. B.
Wheeler, W. E. Dunn, E. J. Marshall, J. S. Torrance and
H. E. Huntington.
“Los Angeles Financier” of Dec. 17said:
The re-incorporation of J. H. Adams & Co. with a
capitalization of
$3,500,000, as against Its former capital of $150,000, is one of the most
Important changes made recently In Los Angeles.
The shakeup in the
ownership of the city railway lines, and the purchase of the Pacific Electric
system of lnterurban roads by the Southern Pacific, was the cause for the
reorganization.
First as the Adams-Phillips Co. and later as James
concern has been one of the greatest financial powers
was organized 17 years ago by James H.
H. Adams & Co., this
in the Southwest.
It
Adams, the President of the reor¬
ganized company.
J. S. Torrance, E. J. Marshall and W. E. Dunn are
Vice-Presidents.
Mr. Dunn is acting with H. E. Huntington, who now Is
In full control of the city railway lines.
One-fifth of the stock of the com¬
pany is owned by these four.
The other incorporators are Howard Hunt¬
ington, James R. Martin, and Morgan O. Adams.
The latter is to resign,
to be succeeded by Frank M. Brown, San
Francisco representative of
James H. Adams & Co.
Roy B. Wheeler and Morgan O. Adams are mem¬
bers of the company, although not on the board of directors.
The chief interests of the firm are In the Independent
telephone movement
on the Pacific Coast, and
In this and kindred
throughout the Southwest.
lines the firm has been doing a business of $50,000,000 a
year.
H. E.
Huntington is largely interested in telephones in Texas and the Southwest
and this union of the Adams and Huntington interests means a
strong
factor in the development of independent telephone lines.
Albemarle &
—See
p.
Chesapeake Canal Co.—Successor Company.
Chesapeake & Albemarle Canal Co. below.—V. 91,
1631, 1329.
American Gas & Electric Co., N. Y.—Guaranteed Bonds.—
See Marion (Ind.) Light & Heating Co. below.—V. 91, p. 791.
American Woolen Co.—Removal of New York
Headquar¬
ters.—The company has moved its New York offices to the
18-story American Woolen Building, at 18th and 19th
The company will occupy seven floors
in the main building, with an aggregate floor
capacity of
approximately 150,000 square feet. This will be the head¬
quarters of the selling department, the executive offices re¬
maining in the Shawmut Bank Bldg., Boston.—V. 91,
p. 1162, 520.
Anglo-Newfoundland Development Co., Ltd.—Offering of
lsf M. Deb. Stock on Paper Mills, &c., of
Company Organ¬
ized to Safeguard Certain English Newspapers.—The Law De¬
benture Corp. of London, the mortgage trustee, offered on
or before Nov. 16 1910
£500,000 1st M. 5% debenture stock
at par.
An advertisement said in brief:
new
sts. and Fourth Ave.
Repayable at par April 1 1960, and may be redeemed 7by company at
107% at any time on 6 mos.’ notice: also f-epayable at 107% on voluntary
liquidation for amalgamation or reconstruction.
Interest A. & O. In Lon¬
don at office of Law Deb. Corp., Ltd.
Formed in 1905 to safeguard the
“Dally Mall,” “Evening News,” “Dally Mirror,” “Weekly Dispatch”
and “Glasgow Dally Record,” and the allied publishing companies, from a
deficiency In the supply of paper or serious rise In Its price.
Directors:
M. M. Beeton, Esq., Pres.; Lord Northcliffe, Sir Harold Harmsworth,
Bart., Kennedy Jones, Esq.
Condensed Extracts from Official] Let ter, London, Nov.'.10jl910.
Organization.—Formed under laws of Newfoundland In Jan. 1905
Auth. capital, $7,000,000, In pref. and deferred ordinary shares of $5 each
of which 1,140,503 shares have been subscribed for In cash and are
fully
paid, and 2,500 shares of $5 each have been Issued, fully paid, the shares
being held by the Amalgamated Press, Ltd., the Associated Newspapers,
Ltd., the Pictorial Newspaper Co., Ltd., and-the Dally Record (Glasgow),
Ltd., and certain shareholders In those companies.
Property on Which the Debenture Stock Is a 1st M.—(1) About 12 sq. miles
of freehold land at Grand Falls and Millertown and the works,
&c., thereon.
Including at Grand Falls a water-power of upwards of 20,000 h. p. (capable
of being increased to from 30,000 to 35,000 h. p.), and
pulp and paper mills
most modern and complete; also public buildings, stores, &c., and over 250
dwellings.
(2) Leasehold land, about 2,000 sq. miles, held under grant for
99 years, renewable In perpetuity from Government of
Newfoundland,
with timber rights thereon.
(3) Leasehold land of about 300 sq. miles held
under grant from Reld-Newfoundland Co. for 99 years, renewable In per¬
petuity, with timber rights thereon.
The above-mentioned properties In¬
clude several valuable water-powers.
(4) Licenses to cut timber over
an additional area of about 1,100
square miles for 99 years from Aug. 1 906
The mineral rights have been granted to a
subsidiary company, 90% of
whose capital the company owns.
The company also holds a 75% interest
In the 22-mile railway from Grand Falls to Botwood, the
shipping port;
It also owns 19 miles of railway from Millertown to Millertown
Junction,
connecting with the Reid-Newfoundland Ry.
Expenditure on Properties, Cash, Ac., to Aug. 1910, Aggregating £1,315,621.
Acquisition of timber limits, water-power properties, mill, &c
£835,041
Construe, of town,&c.( £86,869), railway, wharves,&c.( £71,503)
158,372
Mining operations
32,407
Stock of logs In hand (£85,529); also paper, pulp, &c. (£137,192)
222,721
Cash & sundry debtors (£23,003); paper & pulp sold ( £44,077)
67,080
Practically the whole of the paper manufactured Is being sold to the
[London] “Dally Mail,” “Evening News,” “Dally Mirror,” “Weekly Dis¬
patch” and “Glasgow Dally Record,” under contracts based on current
__
__
prices.
Soon after June next the output should reach Its maximum.
It will then become necessary to install further paper machines as
required,
the cost of which It Is intended shall be provided out of
part of the proceeds
of the present debenture Issue.
The dally output capacity of the mills at
Grand Falls as now equipped is 360 tons (of 2,000 lbs.) mechanical
pulp
(moist weight); 60 tons sulphite pulp, and 120 tons finished paper.
With
an extension of the paper mill to double Its
present capacity, the market
value of the output would be over £600,000 a
year.
Although the works
have operated for only a few months, the
manufacturing cost has proved
very low.
The net profits available for debenture Interest are, at their
present rate, considerably more than the Interest on the debenture stock,
and In a few years should cover the Interest many times over
Dec.
Baker (Ore.) Light & Power Co.—Consolidation.—Bonds.
—See Eastern Oregon Light & Power Co.inV. 89, p. 1350.
;
Big Horn Basin Depelopment Co.—Sold.—The bondhold¬
it is stated, purchased the property from the re¬
ceiver, George W. Weese of Chicago, for $50,000, the mini¬
mum price set by the Court, and will reorganize and complete
the plant.—V. 87, p. 1090; V. 82, p. 282.
ment of the Carnegie Steel Co., and J.W. Allen, have been
elected directors to succeed Chester A. Congdon and William
B. Dickson, who resigned.—V. 90, p. 1552.
ers,
Bayless Pulp & Paper Co., Binghamton, N. Y.—Bonds
Offered.—Woodbury & Co., 45 Pine St., N. Y., on Dec. 22
1910 offered at 102 and int.
$185,000 1st M. sinking fund 6%
gold bonds.
Dated Feb. 1 1909 and due Feb. 1 1929, but callable, all or part, on any
1914 to Feb. 1 1919 at 105; after Feb. 1 1919 at 103 and
int. Outstanding, Incl. bonds now offered, $1,000,000. [Total issue
limited to $1,500,000.]
Trustee, W. G. Phelps, Pres. First Nat. Bank,
lnt. date Feb. 1
Binghamton.
Par$500c*.
bonds outstanding,
after.
Int. F. & A.
Sinking fund 6 2-3% of total
payable on or before Feb. 1 1914 and annually there¬
Abstract of Letter from Treas. F. J. Bayless, Binghamton, N.Y., Dec. 3 ’10.
[Paper mills, Austin, Potter Co., Pa.: lumber and pulp wood mills,
Beaupre, P. Q., Canada, St. Gabriel, Portneuf Co., P. Q., Canada.
Paper
sales office, Real Estate Trust Bldg., Philadelphia, Pa.]
Incorp. in 1893 at Binghamton, N. Y., where a small paper mill was
built.
In 1902, the business having considerably increased and valuable
stumage
rights in the northern counties of Pennsylvania having
been ob¬
tained, the company discontinued Its Binghamton mill and erected its
present plant at Austin, Pa.
This plant has earned each year since Its
completion. In addition to 6% on its capital stock, a large surplus, which
has been invested in timber properties in Canada aggregating over 350,000
stores.
The Canadian timber properties are all located about 20 miles n. e. of
city of Quebec and about 15 miles from St. Lawrence River.
They include:
(a) 20 sq. miles owned In fee simple; (b) 180 sq. miles under a stumpage
lease from the Quebec Gov. on the Jacques Cartier River (St. Gabriel
limits); (c) 300 sq. miles (St. Anne limits) under perpetual charter from the
Seminary of Quebec; operated without taxes, at a stumpage cost of less
than one-third the Govt, charges; (d) 92 sq. miles of Govt, limits to the
north, controlling the entire watershed of the St. Anne River.
These prop¬
erties have railroad facilities and are exceptionally accessible.
The com¬
pany owns considerable frontage on the St. Lawrence River, including a
natural harbor from which it Is possible to ship by water direct to Buffalo,
a distance of about 160 miles from the Austin plant.
These Canadian In¬
vestments have been purchased at a cost of over $700,000, which amount
has been drawn from surplus earnings.
The company manufactures pure white sulphite fibre wrapping paper
and is the largest manufacturer of this grade of paper in the country.
The
Austin plant, with stumpage, Is valued at over $1,000,000 and the com¬
pany’s stumpage contracts have been maintained to date by additional con¬
tracts and purchases.
The company has recently completed two large
storage dams (one of reinforced concrete) at an approximate cost of $125,0001
Extensive additions now being made at the plant will increase the
output nearly 40%, giving it a yearly average output of approximately
24,000 tons of paper at a profit of between $300,000 and $400,000 net.
These extensions should cost about $200,000 and it is to obtain the money
therefor that we sell the remaining $185,000 bonds.
These bonds are a
first mortgage on the Austin plant and the stumpage rights on 300 square
miles of the Canadian property.
Balance Sheet as of July 1 1910.
Liabilities ($2,705,277)-Assets ($2,705,27 7) —
Plant & stumpage,Austin-$ 1,394 ,971 Capltal stock (par $100) _$1,000,000
782,500
Canadian timber properties
702,740 Bonds
Mdse. & supplies, Austin.
251,923 Coll, trust notes agst. St.
Anne Pow. Co. mtge
91,000
Lumber & pulp logs, Canada 210,000
309,441
Accts. receivable (insured)
88,044 Bills and accts. payable..
522,336
Cash
27,599 Surplus
_
Bethlehem Steel Corporation.—Bonds.—Harvey Fisk &
Sons, N. Y., recently offered first extension mortgage 5%
gold bonds of $1,000 each (c*), dated 1906, due Jan. 1 1926,
but callable all or any part at 105 and int. on any interest
guaranteed by Bethlehem Steel Cor¬
poration. Sinking fund, $300,000 per annum since July 1
1908.
Authorized and issued, $12,000,000; canceled by
sinking fund, $1,015,000; outstanding, $10,985,000. Morton
Trust Co., trustee.
A circular says:
date.
Prin. and int.
Present Capitalization of Bethlehem Steel Company
$15,000,000 stock (owned by Beth. $10,985,000 first exten.
Mort. 5%
bonds
Corp.)
7,500,000 6% notes'due’Nov.l 1914
7,500,000 purch. money M 6% bds.
The first extension mortgage 5% bonds are (a) a first mortgage upon
250 acres of land acquired at South Bethlehem,Pa..since Aug. 16 1901, and
the new plants which have been erected thereon at a cost of about $10,500,000 for the manufacture of structural steel, open-hearth rails, &c.;
also future extensions, &c.; and
(b) a second lien upon all the other real
estate and plant covered by the purchase money mortgage, which, when
the improvements, already financed, are completed, will stand on the
books (after marking off liberal depreciation) at $19,500,000, leaving an
equity of $12,000,000 for these bonds In excess of the $7,500,000 purchase
money mortgage.
(See V. 82, p. 282; V. 86, p. 916; V. 88, p. 941; V. 90,
p. 974.); also (c) on future extensions.
Bethlehem Steel Corporation, Guarantor of First Extension Mortgage Bonds.
Total Issue. In Treas'y. Outstanding. Par.
Capital Stock—
Common stock
$15,000,000 $138,000 $14,862,000 $100
Pref., 7% non-cum
15,000,000
92,000
14,908,000
100
The Corporation has no funded debt other than outstanding obligations of
Bethlehem Steel Co. (see above) and bonds of subsidiaries of Union Iron
Works Co., as follows: San Francisco Dry Dock Co., 5% bonds, $500,000;
Union Iron Works Dry Dock Co. 6% bonds, $866,267.—V. 91, p. 1027, 1514
Steel
Boston & Montana
1771
THE CHRONICLE
311910.]
Consolidated Copper & Silver Mining
on Dec. 27 to
Co.—Dissolution.—The shareholders voted
dissolve the corporation, thfe directors to divide the stock of
the Anaconda Copper Mining Co. received in payment for the
mines pro rata among the B. & M. stockholders.
See Ana¬
conda Co. in V. 90, p. 851, 916, 1550, 1551.—V. 83, p. 1038.
Bush Terminal Co., Brooklyn, N. Y.—Neiv Tenant.—The
Talcum Puff Co., it is announced, will by Feb. 1 remove its
Butte & Superior Copper Co., Ltd., Duluth.—Bonds—Deelopment of Zinc Deposits.—In connection with the devel¬
opment of its zinc ore deposits, first seriously considered in
January 1909, the company has made a “refunding and im¬
provement mortgage’’ to secure an issue of $1,000,000 6%
gold bonds, convertible into stock, $ for $, at any time
within 5 years from date of issue (Sept. 20 1910), and due
Sept. 20 1920, but callable on and after March 20 1916 at
105.
Int. M. & S. 20 at N. W. Tr. Co. (trustee), St. Paul,
or First Nat. Bank, Duluth.
Par $50, $100, $500. Sinking
fund, $125,000 yearly for 8 years. Bonds are reserved to
retire $175,500 old bonds ($500,000 auth.).
Abstract of Circular from Shareholders’ Committee (Amasa P. Peake,
L. C. Barnett and C. O. Baldwin), Duluth. Oct. 19 1910.
If this bond issue is subscribed and paid for, all debts can be taken care
of and a modern concentrator built and put into operation.
Indebtedness on Oct.
1 1910, Aggregating $649,108.
Due after Jan. 1 1911—
1 1911—
$189,337
$99,815 Current Indebtedness
17,500
Bonds, Ser. “A,” Jan. 1 ’ll 158,000 Bonds, Ser. “B,” Jan. 1 ’13
2,800
Int. on same, 6 months
6,320 Int. on same, 2 years
174,636
Int. on Ser. “B”
700 Am. Metal Co
The last item, $174,636, is payable at the rate of $1 per ton on the ore
mined, and not all at this time.
There is also a contract for certain ma¬
chinery amounting to $79,000.
For some months the company was operating at a loss, due largely to the
fact that it was experimenting as to how best to treat its [zinc] ore; but
in June 1910 It installed in the Basin concentrator, which it is operating
under lease, Foust jigs: and since that time the ore has been mined and
treated at a profit.
The net loss in June 1910 was $13,151, whereas the
profits for August 1910 were $19,021. The profits for September ($9,143.
—Ed.) were less than for August because of a breakdown in the hoisting
apparatus on Sept. 2, which has now been repaired.
About 6,321 tons of ore
were milled in September, as against about 9,727 tons in August.
The
price of spelter (commercial zinc) has advanced over the price received
for August, and we believe that the company can show a substantial Inr
crease In profits over August from now on.
At present about 345 tons ate
being mined and milled daily, and a trial shipment of 1,000 tons is being
sent to Butte reduction works for treatment.
Under the plan submitted, each $10 share of stock is entitled to subscribe
for $8 50 par value of bonds.
We are convinced that if this bond issuers
taken the company will be upon a sound financial basis.
Due on or before Jan.
Current indebtedness
Condensed Statement by Mining Engineer B. M. Atwater Jr.,
Oct. 18 1910
Barring accidents, the operating costs should run about $4 50 per ton
under present conditions, whereas the net smelter returns per ton during
August were $6 39 and for September $6 84.
The earning capacity is
therefore from $15,000 to $25,000 per month.
The equipment asked for
should mean an extra Income of $1,100 per day on a 500-ton basis.
The
earning capacity should then be from $40,000 to $50,000 per month onthe
present spelter market.
The developments show up ore in a satisfactory
manner, both in the extensions and above the 1,000-foot level; but it wll
be many months before the full size is known of the ore bodies already dis¬
closed.
At the rate of 500 tons per day operations should be maintained
for several years.
[Company was incorporated in Ariz. In 1906. Cap.
stock auth., $2,500,000 in $10 shares; outstanding, $1,112,739.
Pres.,
A. B. Wolvin; Sec., Walter S. Horr, and Treas., S. B. Becher, all of
Duluth.—Ed.]—V. 91, p. 278.
Light & Power Co.—Additional Bonds.
Central Mexico
—Kennett Cowan & Co., Chicago, recently offered for
sale an additional $1,000,000 first mortgage 6% gold bonds,
dated Jan. 1 1910, guaranteed as to principal and interest by
the Guanajuato Power & Electric Co. (V. 90, p. 701).
Pow.AElec.Co., Guarantor, for Years ending July 31.
Gross
Net
Expenses <fc
Fixed
Balance,
July 31—
Earns.
Charges. Surplus.
Earns.
Maint.
1909-10
1
$514,273
$118,442 $395,831
$150,673 $245,158
1908-09
484,475
121,538
362,937
140,747
222,190
For July 1910 the gross earnings were $43,031; net earnings, $33,512;
net profit, $20,987, which would indicate a net profit for the year over ali
charges, &c., in excess of $250,000.
Endorsement.—“For value received, the Guanajuato Power & Electric
Co. hereby guarantees payment of the principal and Interest mentioned in
the within bond,according to the tenor and effect thereof.
[Signed under
corporate seal of Guanajuato company by its Assistant Secretary and
Vice-President.]” Compare V. 90, p. 701, 449, 239.
Earnings of Guanajuato
Year ending
Central & South American Telegraph
mated Earnings.—For 3 months and year
3 Mos.
1910
1909
Net Income.
Total Inc.
$435,500
445,500
$271,750
283,700
Year—
1910 ...$1,719,000
1909
1,648,500
$1,061,200
1,000,900
...
—V.
91, p.
Co.—Partly Esti¬
ending Dec. 31:
Bal.,Sur.
Dividends.
(1 H%)$143,565 $128,185
(1 H%) 143,565
140,135
Total Surp.
$486,940
426,640
$2,249,478
1,775,093
(6%)$574,260
(6%) 574,260
$2,249,478
1,775,093
873.
Chesapeake & Albemarle Canal Co.—Reorganized Com¬
pany.—The company was incorporated in Virginia on Dec. 16
as successor
of the Albemarle & Chesapeake Ganal Co.,
which was sold under foreclosure Nov. 10 to the first mortgage
bondholders’ committee (V. 91, p. 1329, 1631).
Stock au¬
thorized, $300,000 5% pref. and $250,000 common; par $100.
The officers and directors are:
President, James M. Edwards, of R. T. Wilson & Co., N. Y.;
Vice-Pres.,
Robert L. Harrison, N. Y.; Sec. and Treas., D. S. Burwell, Norfolk.
The
other directors are Henry T. Cutter, Orme Wilson and Edward J. Haney
of New York and William Byrd of Short Hills, N. J.
Citizens’ Gas Co. of Kankakee,
kakee Gas & Electric
Ill.—Merger.—See Kan¬
Co., V. 91, p. 875, 720.—V. 79, p. 2459.
City of Chicago Brewing & Malting Co.—Report.—This
headquarters and large refining plant from Asheville, N. C., English corporation has received dividends from its American
to New York City, having made a lease with the Bush Ter¬
subsidiary for the year ending Sept. 30 1910 amounting to
minal Co. for 11,685 sq. ft. in Model Loft Building No. 5, £16,426 ($80,000), its profit and loss account otherwise
South Brooklyn, where the Bush Industrial Colony is located. showing a deficit of £2,967; deducting the total debit bal¬
About 500 hands are employed by the firm.
ance as at Sept. 30 1909, 4)13,147, leaves a surplus of £311
Freight Delivery and Loft Building in Manhattan—First of Sept. 30 1910. The income account of the American com¬
Ten Such Buildings Proposed.—The following facts were pany for the year ending Sept. 30 follows:
Bond
Bad Debts,
Balance,
Total Net
made public in October last:
Fiscal
Deprec'n &
Interest.
&c.
Surplus.
Year—
Income.
Repairs.
Ground has been broken by the Bush Terminal Co. for its new freight
delivery and loft building at 29th St., between First and Second Aves.,
Manhattan.
The plans call for a structure frontage 100 ft., depth 98 ft.,
to cost approximately $300,000, to be built of concrete and steel and
equipped with automatic sprinkler system. The building will contain about
100,000 sq. ft. of space, 90,000 sq. ft. of which Is to be leased to manufac¬
turers and wholesalers, while 10,000 sq. ft. on the ground floor will be
reserved for the transfer station.—V. 90. p. 1615, 142*7.
$95,781
$134,476
$234,270
$72,983
1909-10
-.-$537,510
1908-09
523,020
220,997
74,328
141,356
86,339
From the surplus as above in 1909-10, $95,781, was deducted: Sinking
fund appropriation, $63,320; reserve for Improvements, $100,000, and
dividends paid to English company, $80,000, making a deficit of $147,539.
Sales of beer aggregated 429,313 bbls. In 1909-10, against 385,084 bbis. in
1908-09.—V. 84. p. 105.
Butte Coalition Mining Co.—New Directors.—Charles W.
Baker, formerly general sales agent of the Eastern depart¬
called for payment on
_
Clarksburg Fuel Co.—Bonds Called.—The company has
April 1 1911 all the 6% and 5% bonds
mu
THE CHRONICLE
outstanding under the mtges. dated Sept. 26 1901 and
Feb. 25 1902.
Payment will be made at the Guaranty Trust Co., New York, trustee, as
follows: 105% for the 6s and 110%, with accrued
interest for the 5s.
Of
the bonds, $2,000 5s and $112,000 6s were in the hands
of the public Dec. 31
1909, $1,986,000 5s and $281,000 6s were in the
treasury, and the remain¬
ing $119,000 (5s) of the $2,500,000 auth. Issue had been redeemed
by the
sinking fund. The retirement of the bonds Is provided for from the
pro¬
ceeds of the reoent sale of the
$9,000,000 Consolidation Coal “first and re¬
funding” 5% bonds (V. 91, p. 1514).—V. 88. p. 1315.
Colorado Fuel & Iron Co.—Pueblo Realty Trust
Co. Bonds.
Bowers, Vice-Pres, and Treas., replying to our in¬
quiry, explains an item in the last annual report (see foot¬
—L. M.
note to balance sheet in V.
91,
p.
1445)
as
follows:
The Colorado Coal & Iron Development Co. was sold
out by a receiver
several years ago and Its property was
bought by the Pueblo Realty Trust
Co., a subsidiary of the Colorado Fuel & Iron Co., subject to bonds
maturing
July 1 1909 for $575,000.
These bonds were paid at maturity and a new
mortgage given on the property by the Pueblo Realty Trust Co.
(securing
the $575,000 68 shown in the bal. sheet—Ed.)—V.
91, p. 1445.
|VOL.
LXXXXI
Capitalization—
Authorized.
Issued.
First mortgage 6% bonds
_$2,500,000 $1,500,000
Preferred stock 7% cumulative
5,000,000
2,100,000
Common stock
5,000,000
2,100,000
The Dominion Canners, Ltd., has
acquired the Canadian Canners, Ltd.,
with its 34 factories at different points and 14 other
independent companies,
giving it in all 48 canning factories, all in first-class condition and geo¬
graphically situated at the most advantageous centres for securing the
fruits, vegetables and other products used by them.
Some of the larger
factories rank as the best equipped on the American Continent.
The fac¬
tories fire distributed over the entire fertile
strip of southern Ontario, from
Napanee on the east, westward to Sandwich, 400 miles, and most of them
enjoying both water and rail transportation facilities.
The company owns a can factory which turns out the
bulk of cans re¬
quired; it also owns a lithographing plant which makes all the company’s
labels and does considerable outside work.
The bulk of the company’s
output, which constitutes over 90% of the output of canned fruits and vege¬
tables In the Dominion of Canada,
if sold under brands and trade-marks
that have been household words In Canada for over
25 years.
The fixed
assets show $2,348,537, against which there is a bond
issue of $1,500,000.
The average net earnings for 1906-07-08-09 were
or more than
$297,701,
three times the present bond interest.
For 1910 net earnings, after
providing for bond charges and de¬
preciation, will be over
$400,000
Interest on $1,500,000 bonds at 6%
$90,000
Dividend on $2,100,000 preferred at 7%
147,000 237,000
„
Colt's Arms Co.—Bonds
Called.—Seventy ($70,000) col¬
lateral trust 5s issued under indenture dated
July 1 1901
have been drawn for
payment at 105 and interest at the
American Trust Co., 50 State
St., Boston, trustee, on
Jan. 2.
This will leave $282,000 bonds
outstanding.
Dividend.—A quarterly dividend of 1)4% has
de¬
been
stock, payable on Jan. 1
clared on the $2,500,000 common
1911 to holders of record Dec. 17 1910.
on
The stock
was
6% basis in July last.
a
placed
New
Director.—Sylvester C. Dunham was elected a direc¬
August 1910.—V. 90, p. 1616.
Consolidated Light, Heat & Power Co., Ottawa.—New
Name—Dividend.—See Ottawa Light, Heat & Power Co.
in V. 90, p. 240.—V. 83,
p. 381.
(J. B. & J. M.) Cornell Co., Structural Iron and Steel Con¬
tractors, New York City and Cold Spring.—Liabilities.—
tor in
Schedules filed in the U. S. District Court
on
Dec. 12 show:
Liabilities, $1,292,163, of which $846,483 are secured (including $660,000
bonds).
Nominal assets, $1,348,749, viz.; real estate,
$225,950;
$835,724; stock on hand, $96,532; work in progress, $67,936;plant, &c.,
accounts.
$54,769; notes, $23,600; cash, $420; cash on deposit with a bonding
com¬
pany on an appeal in a lawsuit, $20,000; shares of stock in other
cos., $23,818.
{On Oct. 1 the receivers’ liabilities additional to the above
aggregated
Compare V. 91, p. 1449.
$346,289, inch $200,000 receivers’ certificates.
Crawfordsville (Ind.)-Water & Gas
Co.—Acquisition.—
This company recently purchased the natural
gas mains and
other property of the Indiana
Lighting Co. in the City of
Crawfordsville. It purchased none of the stock of the In¬
diana
Lighting Co. and has
no
interest in that corporation.
There are no changes in the capitalization of the Crawfordsville
Water &
Gas Co., which still consists of $375,000 stock In
$100 shares
($200,000 be¬
ing 5% pref.)
and $75,000 1st M. gold 5s of $1,000 each, dated June 1
1908 and due 1928; total auth., $150,000.
Int. payable at Bankers’ Trust
Co., N. Y.
Trustee, Indiana Trust Co., Indianapolis.
Directors: C. F.
Street, Pres.; Harold F. James, Sec.; E. L. Street.
Office, 43 Cedar St.,
N. Y.—V. 86, p. 1102.
Deere & Co., Moline, Ill.—Status.—This
company, the
largest manufacturer of plows in the world, is understood to
confirm the
following:
Capital stock outstanding, $10,000,000 (V. 89, p. 1544); bonds, $500,000
(V. 87, p. 547).
The total accumulated surplus, which was
$2,000,000 on
Jan. 1 1909, was on July 1 1910 $5,000,000.
The Moline Wagon Co., hav¬
ing a yearly output of 30,000 vehicles, was taken over in Jan. 1910, and in
May last the Kemp & Burpee plant at Sycamore, which does an annual
business of $1,000,000.—V. 90, p. 375.
Dolores
Mines
Co.,. New York City.—Amalgamation—
Option of Exchange to Expire Jan. 11.—The company recently
increased its capital stock from $2,000,000.
consisting of
2,000,000 shares of the par value of $1, to $9,000,000, con¬
sisting of 900,000 shares of the par value of $10 each; $4,000,000 new stock was set apart to acquire all or so many of
the
400,000 shares of Dolores Mines Co. as can be obtained
one of the new $10 shares for each $5 share of
by the issue of
Dolores Mines
Co., and $2,499,140 new stock was appro¬
priated for the purpose of acquiring the 357,020 shares of
El Rayo Mines Co., or so
many thereof as can be obtained
by the issue of $7 of the new shares for each share of El Rayo
Mines Co. of the par value of $2.
The remaining new shares
($500,860) are reserved for the purchase of additional prop¬
erty and general purposes. The aforesaid right of exchange
will
expire
Jan. 11 1911, unless extended. The holders
proportion of the shares of both companies
Secretary J. D. Tooker in a circular dated
Aug. 23 1910 said in brief:
on
of a very large
have assented.
The following is a [condensed] extract from a
circular addressed to the
stockholders of the Mines Co. of America under date of June 18
1910, signed
by John Lambert, I. L. Ellwood, William Flemming, H. S. Black and
W. E. Reis, directors of that company and of
your company “Both the
Dolores and El Rayo companies are free of debt and
fully equipped for min¬
ing and milling their ores and possessed of ample working capital in the form
of cash, bullion, stocks of goods and
supplies,
&c.
since passed the experimental stage and are In largeBoth mines have long
production
All the
large expenses of development have been paid out of profits.
Those comaratlvely small portions of the properties which have been explored and
eveloped are producing large profits. In addition to the ample ore reserves
already blocked out, each of these companies possesses a large area of vir¬
gin ground which, while not yet explored. Is confidently believed to be
of great value.
Our consulting engineer advises us that the
present net
profits of these properties in all probability will be largely Increased.
All stockholders who desire to take
advantage of the arrangement above
stated should forward their stock certificates
[endorsed for transfer] to the
U. S. Mtge. & Trust Co., 55 Cedar St., N. Y.
City, together with an amount
sufficient to cover the N. Y. transfer
stamp tax — 2c. per $100 par value
of Dolores shares to be transferred, and 2c. for
every fraction of such $100
Domestic Gas Co., Los Angeles.—Successor.—See South¬
California Gas Co. below and compare V.
ern
87,
p.
1666.
Dominion Canners, Ltd.—Bonds
Offered.—C. Meredith &
Co., Ltd., Montreal, are offering at 100 and int. the unsold
portion of $700,000 1st M. 6% bonds due April 1 1940
,
but callable after 1920 at 110 and int.
Bank of Montreal,
Hamilton,
and London, England,
circular shows:
Interest A. & O. at
Toronto, Montreal, New York
payable in sterling or currency. A
Surplus (equivalent
to almost 8% on common stock)
$163,000
[The company was incorporated under the Canadian
Companies Act on
Feb. 11 1910, with $10,000,000 stock, in
$100 shares. Main office Hamilton,
Ont.
Pres., G. P. Grant; Sec.-Treas., Harry
Riley.—Ed.]
Dominion Steel
Corporation, Ltd.—Terms of Purchase.—
Secretary C. S. Cameron, Sydney, N. S., under date of
Dec.
20, writes:
I have yours of the 12th inst.
With reference to the transfer of the se¬
curities of the Cumberland Ry. & Coal Co.
(V. 91, p. 629), the actual dis¬
position of the securities Is still incomlpete; the facts as
they are stated
on the printed
slip attached to your letter are practically correct, except
that the stock of the Cumberland
Ry. & Coal Co. will be exchanged for
common stock of the Dominion Steel
Corporation. The outstanding 6%
bonds of the Cumberland Ry. &
Coal Co. will probably be exchanged for
5% bonds of the same company, guaranteed by the
corporation.—V. 91,
p. 1514, 1330.
East Greek (N. Y.) Electric
Light & Power Co.—New
Securities.—The P. S. Commission, 2d
Dist., recently au¬
thorized the company to increase its
capital stock from
$200,000 to $500,000, and also to make a mortgage to the
New York Trust Co., as
trustee, to secure $3,000,000 bonds.
The company is authorized to issue at
present $1,750,000 bonds at not
less than 85, to retire
outstanding bonds ($125,000 of an issue of $200,000
1st M. 5s made in 1902) and other
obligations, and to provide additional
lands and water power, new power
plant and extensions.
Incorp. in N. Y. State In March 1902 with power to operate in Fulton,
Herkimer and Montgomery counties.
Operates an electric plant at East
Creek supplying electricity in St. Johnsvllle,
Fort Plain, Nelllston, Cana-
joharie and Palatine Bridge, and contemplates the
development of addi¬
tional water power at Inghams Mills, on East
Canada Creek, where it is
estimated that 15,000 h.p. can be
developed. Arrangements, it is stated,
are being made with the Fonda Johnstown &
Gloversvllle RR. with a view
to supplying that company with 7,500 h.
p.
Guy R. Beardsley of East
Creek, N. Y., is President.—V. 75, p. 908.
East
Jersey Water Co.—Decision.—The Court of Errors
Appeals of New Jersey on Nov. 15, in the suit brought
by the City of Paterson in 1905, sustained the decision of
Vice-Chancellor Emery, holding that the
company is illegally
diverting water from the Passaic River, and that an injunc¬
tion should be issued against it after a fixed date.
The
and
City of Paterson contended that, as a riparian owner, it is entitled
to the natural flow of the river.
The case is only one feature of the litiga¬
tion against the company to recover the water
of the Passaic for the use of
the people of the State.
The cities of Paterson and Passaic are
supplied
by the company and may be forced to seek a new supply or
acquire the
present one by condemnation proceedings.—V. 91,
719.
p.
Electrical Securities
to
Corporation.—Dividend Period Changed
Quarterly.—A quarterly dividend of 1)4% Las been de¬
clared on the $1,000,000 pref. stock,
payable Feb. 1 1911 to
holders of record Jan. 31 1911.
Distributions have hereto¬
fore been paid
semi-annually, the rate
having been 2)4%
half-yearly from May 1905 to Nov. 1 1910 incl.—V. 91,p.715.
Electrical Utilities Corporation.—Dividend Period
Changed
to Quarterly.—A
quarterly dividend of 1)4% has been de¬
clared on the $839,000 pref. stoek,
payable Jan. 16 1911 to
holders of record Dec. 31 1910.
A distribution of the
amount was made Oct. 15
1910, the first dividend
same
(2^4%
semi-annually) having been paid July 1 1910.—V. 89, p.1485.
Firestone Tire & Rubber Co., Akron.—Additional Stock.—
The directors have voted to issue the
remaining $500,000 of
the $1,000,000 authorized pref.
stock and to give stock¬
holders the privilege of subscribing to it at
par on or before
Jan. 1.
Arrangements, it is said, have been made to
of any
stock not subscribed for at
Compare V. 90,
p.
dispose
a
price not less than 102.
1493.
Freehold Investment Co.,
Springfield (Mo).—Woodruff
Building Bonds.—Francis, Bro.& Co., St. Louis, some months
ago offered at par $150,000 ,6% gold bonds, dated June 1
1910, due serially until June 1 1924. Par $1,000 (c). Int.
J. &. D. at Mississippi
Valley Trust Co., St. Louis, trustee.
Valuation of property: Lot, 76 ft. on St. Louis St.
by 117 H ft. on Jefferson
St., $50,000; 10-story re-inforced concrete office
building, to be completed
Jan. 1 1911 at cost of $250,000;
total, $300,000.
Auth. stock, common,
$120,000; pref. 7% cum., $120,000.
Fremont (O.) Power & Light Co.—Bonds
Offered.—Cam¬
Co., First National Bank, Bldg., Chicago, some time
ago offered at par and int. the unsold portion of
$500,000 1st
M. 6% serial gold bonds dated
Sept. 1 1909. A circular says:
eron
Organized under the laws of Ohio, with a capital of $750,000 and
an
authorized bond Issue of $750,000, of which
$120,000 In bonds has been
reserved for betterments.
Frank Heim is Pres., A. H. Jackson,
Vlce-Pres.,
and David B. Love, Sec. and Treas., all of
Fremont, O
The hydro-electric
plant, which will be completed this year, will produce a minimum of 3,000
n.p. and will serve Fremont. O.; population, 14,000.
Within a radius of
30 miles are also Toledo, Fostoria,
Tiffin, Sandusky, Norwalk, Port Clinton,
&c., with a total population of 250,000. See further particulars in
V.89, p. 780
Fulton
County (N. Y.) Gas & Electric Co.—Contract for
Mohawk
Power.—See
p.
Hydro-Electric Co. below.—V. 70,
999.
Fulton (N. Y.) Heat, Light & Power Co— Award
against
State.—The Appellate Division of the
Department,
on
Supreme Court, Third
May 6 affirmed the decision of the Court of
Dec. 31
Claims awarding a judgment
interest to $337,156) against
of $284,000 (amounting with
the State for damage to the
company's plant on the Oswego River at
through the construction of the barge canal.
Hudson Navigation Co., New
I Thirty-four
($34,000) 20-year 5%
Fulton Falls
lighting plant
al
urged that the barge
claim¬
The barge canal takes part of the property of the electric
and all of its water power.
The company claimed it had the right to
the surplus waters of the Oswego River, while the State
canal was an improvement of the navigation of the river, and that the
ant was not entitled to any damages for water rights taken from it.
The
Court of Claims held that the barge canal was not an improvement of the
navigation of the Oswego River at this point, but
Independent waterway. The total claim made was
the construction of an
$3,428,028.
Montgomery County, Pa.—New Bonds.—
$480,000 1st M. gold bonds offered in exchange for the
$150,000 stock of the Norristown Gas Co. are dated June 1
1910, will mature June 1 1960, are callable at any int. date
at 105 and int. on 6 months' notice, and bear 4% int. for 5
Gas Company of
The
years,
1773
THE CHRONICLE
1910.)
thereafter 5%: free of State tax. Further particulars
the Norristown Gas Co. was leased for 60 years from
Gas Company of Montgomery County, the rental being
8% for first 5 years, 9% for the next 5 years and 10% thereafter.
The Gas
Company of Montgomery County is controlled by John D. Mcllhenny, and
under the terms of his offer of May 9 1910 the holder of each $25 share of
the Norristown Gas Co. receives in exchange a bond for $80 secured by a
mortgage upon all of the property and franchises of the two gas companies
merged into one, also upon the entire capital stock of the Norristown
Electric Light & Power Co. and the Norristown Steam Heat Co., to be
pledged with the mortgage trustees. On or about June 15 1910 the capital
tock was Increased from $250,000 to $600,000.—V. 91, p. 874.
The property of
June 1 1899 to the
Bonds.—
2d Dist., some time ago authorized
mtge. to secure not over $500,000
Geneva-Seneca Electric Co., Geneva, N. Y.—New
The P. S. Commission,
the making of a new
York.—Bonds Called.—
bonds, issued under col¬
lateral trust deed, dated Jan. 1 1903, have been drawn for
payment at par and interest on Jan. 1 at the Trust Co. of
America, 37 Wall St., trustee.—V. 90, p. 376.
(O.) Steel & Iron Co.—Sale.—The company’s plant
having been sold to the Assets Realization Co., the Galesburg
Coulter Disk Co., which has been operating this plant, wifi
it is said, build a new modern open-hearth steel plant, prob¬
ably at some point around Chicago to be decided upon
within a month.—V. 90, p. 1242.
International Cotton Mills Corporation.—First Dividend.—
An initial quarterly dividend of 1 z/i% has been declared on
the preferred stock, payable Jan. 3 to holders of record Dec.
31.—V. 91, p. 467.
International Harvester Co.—Bonus, &c.} to Employees.—
The company announces that it will in the near future dis¬
tribute about $550,000 cash as a bonus to especially meri¬
torious employees.
Huron
Employees will also be permitted to subscribe for stock at $115 per share
pref. and $100 per share for the common, to an amount not exceed¬
ing their annual salaries or wages, and of paying therefor In monthly In¬
stallments not exceeding 25% of each month’s salary or wages. In addi¬
tion to the regular dividends, this stock receives, it is said,an annual bonus
of $4 a share on the pref. and $3 on the common annually for five years.
Last year about 4,400 employees subscribed for 17,684 shares of pref. at
$115 and for 16,410 shares of common at $75 (V. 90, p. 1100).—V.91, p.
for the
1098.
Inter-State
30-year 5% sinking fund gold bonds, the present issue to be
$341,125, as follows: $100,000 to refund existing bonds of
Seneca Edison Co. and Geneva Power & Light Co.; $102,900
Independent Telephone & Telegraph Co.,
Joliet, &c., HI.—Interest Payment.—The receiver on or about
Dec. 29 deposited in the Continental & Commercial Trust
& Savings Bank, Chicago, the funds to cover the six months’
to pay other bonds and debts, $75,000 for additions and $15,interest due last October on $2,390,000 outstanding bonds.
000 for working capital.
Payment is being made in N. Y. City at 1st Nat. Bank.
Incorp. In Jan. 1907 as a consolidation of'Geneva Power & Light Co.
Compare V. 91, p. 1713, 1516.
and Seneca Edison Co.
Controlled by General Electric Co. Interests. Is
Inter-State Power Co., Elberton, Ga.—Bonds.—A mort¬
building a 1,000 h. p. power plant, which will transmit electricity to Water¬
loo and Seneca.
Auth. cap. stock, $50,000.
Pres., A. H. Jackson,
was recently filed to the Carnegie Trust Co. of N. Y.,
gage
Schenectady; Sec., H. M. Francis, N. Y. City.
as trustee, to secure not exceeding $5,000,000 bonds.
Great Eastern Telephone Co.—Decision.—The Appellate
The Georgia Railroad Commission on Oct. 20 1909 approved the issuing
Division of the Supreme Court . First Division, on Nov. 25 of $5,000,000 each of stock and bonds. In connection with proposed
developments on the Savannah River near Elberton, Ga.,
affirmed the decision of the lower court in denying
he ap¬ hydro-electric
&c.
The company was incorporated in Georgia on or about June 1 1909,
with
capital
stock
of $3,000,000, by J. J. Spalding of King & Spalding,ibf
plication of the New York Electric Lines Co. for a manda¬ Atlanta, Ga., Thomas
J. Brown, of Elberton, and E. Marvin of Under¬
mus to compel the Empire City Subway Co. to grant space
wood, Ga.
It is said that the company has acquired the property of the
in its conduits for the
plaintiff’s wires.
Savannah River Power Co.
It Is held that the permission granted in 1883 by the Board of Aldermen
to use the city streets did not at any time amount to a franchise, and that,
since the consent has been revoked, the plaintiff has no such lawful “power”
to operate as entitles It to a writ.
Compare V. 83, p. 1173; V. 84, p. 1309.—
V. 88, p. 825.
York.—Refunding Mort¬
gage.—This company, controlled by the Hudson (tunnel)
Companies, has made a refunding mortgage to the Title
Guarantee & Trust Co., as trustee, to secure an issue of
$10,000,000 bonds dated Oct. 1 1910 and due Oct. 1 1920
(int. A. & O.), of which $3,500,000 has been issued to take
up the present $3,500,000 third mortgage made in April 1909.
Greeley Square Realty Co., New
is reserved to retire the
$3,000,000 Hudson-Manhattan Realty mortgage due July 1
1911 and the $3,500,000 Greeley Square Realty Co. building
loan made April 23 1909.
See also V. 90, p. 1616.
Guanajuato Power & Electric Co., Colorado Springs.—
The remainder of the new bond issue
Earnings—Guaranteed Bonds.—See Central Mexico Light &
Power Co. above.—V. 91, p.
217.
Mfg. Co. (Indian Motor Cycles), Springfield, Mass.
—Pref. Stock Offered.—Thomas C. Perkins, Hartford, Conn.,
is offering at $110 a share (par $100), netting 6.36% income,
a block of the 7%
cumulative convertible pref. stock of
this manufacturer of “Indian” motor cycles. Divs Q.-F.
Hendee
Business established in 1902.
Incorporated as now in Massachusetts
Jan. 26 1910 with $2,000,000 common stock (all owned by Pres. Hendee
and associates) and $600,000 pref. stock. Employs from 700 to 800 hands.
Annual Output
,
and Net Earnings—Years
1907-08.
ending Aug. 31 (1910-11 Est.)
1908-09.
1909-10.
1910-11
Output of motor cycles, No
4,063
6,500
10,000
3,257
Net earnings.
$155,000 $250,000 $335,000 $450,000
Repair business alone for season 1911 amounted to over $200,000.
This pref. stock Is preferred as to assets as well as dividends, is cumulative,
and Is convertible into common stock at the option of the holder at any
time. It is also callable at 125 and accrued dlv., but if called may, within
30 days, be converted Into common at option of holder.
Assets Aug. 31 1910:
Cash, $54,691; accounts receivable, $128,590;
merchandise, $468,839; real estate, $230,750; machinery, $228,561; total
assets,
$1,111,431: total liabilities (incl. mtge. of $50,000 to be retired,
net worth, $943,316, against pref. stock of $600,000.
&c.),
$168,115;
Directors: Pres. George M. Hendee, Vice-Pres. Oscar Hedstrom, Treas.
Frank J. Wischler, W.E. Gilbert (Treas. Union Trust Co. Springfield) and
Edwin A. Carter, all of
Springfield, and William B.Thompson, of New York.
(N. J.) Land & Improvement Co.—Bonds for
Refunding, &c.—This company, which on Nov. 1 paid its
$1,500,000 1st M. 5% bonds, has filed for record its new
$2,000,000 1st M., the Hudson Trust Co. of Hoboken being
Hoboken
the trustee.
The mortgage, it Is stated, covers the lands on which are erected the
piers of the Holland-Amerlcan Line, Phoenix Line, Wilson Line, Scandi-
navlan-Amerlcan Line,
Consolidation Coal Co. and the buildings of the
Campbell Stores, Atkinson Building, W. & A. Fletcher shops. International
Electric Co., Weehawken Cove property, the Washington Street flats and
the Bloomfield St. apartment houses.
E. A. Steven is President. Com¬
pare V. 91, p. 279.
Hudson County Water Co.—Reorganization Plan.—The
reorganization committee (of which Turner A. Beall, the
President of the company, is Secretary, acting under bond¬
holders agreement of May 18 1910, announced on Dec. 17
that it had adopted and filed with the Fidelity Trust Co. of
Newark, N. J., as,, depository), and with the Trust Co. of
America, N. Y. City, as agent of the depository, a report and
plan for the reorganization of the company and the protec¬
tion of the bondholders.
(Compare N. Y. & New Jersey
Water Co. in V. 91, p. 340.)
Iroquois Iron Co., Chicago.—The directors have declared
stock dividend of 66 2-3% on the $3,000,00® stock, in¬
creasing same to $5,000,000.
a
An official of the company says that only part of the new stock represents
the cost of the new plant at 94th St. and Lake Michigan, that has been
under construction for 6 months, the greater part being Investments in
Iron ore properties, the contracts for the purchase »f seme of which have
not been closed.
When all the property has been acquired, the company,
it is stated, will have an ore supply for at least 30 years ahead.—V. 90,
p.
112,55.
Isabella-Connellsville Coke Co.—On Pittsburgh Unlisted.—
The stock and bonds were recently admitted to quotation
in the unlisted department of the Pittsburgh Stock Exchange.
The “Pittsburgh Dispatch” of Nov. 22 said:
The company’s capital stock is $5,000,000, all of one class (par of share,
$100), and there is an authorized issue of $8,000,000 30-year bonds, dated
April 1 1909. The bonds are held as follows: $2,485,000 by the Colonial
Trust Co., as trustee, as collateral under a note issue of $2,845,000; $3,514,000 in the hand? of the public; $1,000 In the treasury and $2,000,000
held by trustees and reserved for betterments.
The initial bid for the stock
was 25 M and the bonds were offered at 95
The company was incorporated in 1909 in West Virginia.
It owns 3,000
acres of coking coal lands in the Connellsville district, and plans to produce
1,600,000 tons of coke per annum.
John C. Brydon of Pittsburgh is Presi¬
dent and the general offices are in Pittsburgh.
Compare V. 88, p. 1316.
N. H.—Sale.—See Nashua Mfg. Co.
Karpen Bros., Chicago.—Offering of Guaranteed Bonds
Covering Karpen Building.—The Western Trust & Savings
Bank (the mortgage trustee) and Geo. H. Burr & Co., Chi¬
Jackson Co., Nashua,
S.
cago, offered for
sale in December 1910 $750,000 1st
M. 5% gold bonds issued by this Illinois corporation
secured upon the leasehold estate and building located at
S. W. corner Michigan Ave. and Eldredge Place, Chicago.
A direct obligation of S. Karpen & Bros., one of the largest manufactur¬
ers of upholstered and special furniture in the U. S., founded in 1880 and
having net assets of over $2,500,000,and the highest credit rating.
Also
guaranteed, principal and interest, by Solomon, Oscar, Adolph, Isaac.
Michael, William and Leopold Karpen, owning the entire capital stock of
S. Karpen & Bros., pledging the private resources of every stockholder
for the payment of the bonds and assuring the property the highest grade
of management.
And further a first mortgage on a 12-story, steel-frame,
fireproof store and office building, covering a ground area of 30,924 sq. ft.
and containing 288,500 sq. ft. of net rentable space.
Estimated gross income from building, $224,000; net income (after
ground rent of $30,000, taxes, &c,), $133,600, or nearly four times the
bond interest ($37,500).
Actual leases for nearly half of the rentable space
already closed at higher rates than this minimum schedule.
Net income of
the issuing corporation and guarantors is several times total Interest charges.
Description oj Bonds.—Date Dec. 1 1910, due in annual installments on
Dec. 1 from 1912 to 1925, both incl., $50,000 yearly 1912 to 1914 and
and
$100,000 Dec. 1 1915, but redeemable on any int. date at
Int. J. & D.
Par $500 and $l,000c*.
Total Mortgage Security, $1,952,922 (Total Bonded Debt,
102 and int.
$750,000).
Equity in leasehold estate, aggregating 32,294 sq. ft. of ground
area (annual ground rent $10,000 till April 30 1911; then $30,000 till 1926; then $33,000 till 1936; thereafter $35,000)
$360,000
Construction cost of building (architect’s estimate, net)
1,592,922
S. Karpen & Bros., as of Sept. 30 1910, report net assets of $2,587,041,
viz.:
Real estate:
187-188 Michigan Ave., $800,000; Wood and Park
streets, $41,016; Karpen Bldg., $291,674, and factory. 22d and Union
streets, $280,000; other fixed assets, $101,534; current assets, less
all lia¬
bilities, $841,337; other assets, $231,481.
Keystone Coal & Coke Co.—Sale of
Bonds.—The report
Brown
payable
that the company has sold to Drexel & Co. and
Brothers & Co. $5,000,000 1st M. serial 6% bonds,
in 20 years, and secured by 550 acres of coal lands
moreland County, Pa., and 300 acres in West
in West¬
Virginia, is
pronounced premature. The bonds will not be issued until
some time next year, and the amount of the issue, it is stated,
is still uncertain.—V. 90, p.
1428.
1774
THE CHRONICLE
Keystone National Powder Co., Emporium, Pa.—New
Enterprise.'—This company was incorporated some months
ago in Pennsylvania and almost immediately increased its
stock from $100,000 to
$1,695,000. On or about Aug. 31
the Keystone Powder
Mfg. Co. of Emporium was consoli¬
dated with the
company, the authorized capital stock being
increased to $2,050,000.
Bonded debt, if any, not stated.
Directors:
Justus von Lengerke, Orange, N. J.; Ernst
York; Josiah Howard, Joseph Kaye, Henry Auchu, E. W. Detmold, New
Gasklll, A. C.
Blum, John T. Howard, W. H. Howard, B. W.
Green, all of Emporium,
Pa.; Treasurer, H. A. Cox, Emporium.
An advertisement says:
Factories,
Keystone Works
and
Emporium Works,
Slnnamahonlng Works, Slnnamahonlng, Pa.
Emporium, Pa..
Capacity, eight cars per day,
“Permissible explosives”: Collier powder by
Slnnamahonlng factory; coal
special powders, by Keystone factory. High explosives: Ammonia
andnltro,
glycerine dynamites for earth, rock or submarine work and gelatine
dyna¬
mite for tunnel work.
Over 11,000,000 lbs. of dynamite furnished
by us
to the United States Government for the Isthmus
of Panama last years
Present contract with the Isthmus of Panama, 4,600,000
lbs.
[The com¬
panies now Included In the merger are the
Slnnamahonlng (Pa.) Powder
Mfg. Co., the Emporium Powder Mfg. Co and the Keystone Powder
Mfg.
Co. of Emporium. Pa., and the National Powder
Co., N. Y. City—Ed.]
Lackawanna Bridge Co., Buffalo.—Status.—B. L. Worden
President of the Worden-Allen Co.,
consulting and contract¬
ing engineers and manufacturers of steel structures, Mil¬
waukee, Wis., wrote:
The Lackawanna Bridge Co. has no bonds
outstanding; its stocks are held
by this company and Individuals interested with us, and the Lackawanna
Steel Co. has no stock interest in the bridge company.
Compare V. 90,
p.980#
Lake Superior Iron & Chemical Co.—Offering
of Bonds in
London.—The Bank of Scotland and The Canadian Bank of
Commerce m November last received for the owners
applica¬
for £616,420 bonds, being the approximate
equivalent at 4 86 2-3 of $3,000,000 6% 1st M. gold bonds,
part of the issue of $6,500,000, dated July 1 1910 and due
July 1 1935, but redeemable in any amounts at 110 on any
interest day.
The English prospectus says in substance:
tions at par
Denominations £200, £100 and £20, and $1,000, $500 and $100, Inter¬
changeable at office of trustee, Union Trust Co. of Detroit, at the rate of
$4 86 2-3 per £1, fractions to be adjusted in scrip.
Interest J. & J. In
sterling at Canadian Bank of Commerce, London, or In Toronto at $4 86 2-3
to the £.
Cum. sinking fund of 2% per an. will begin
July 1 1913.
Capitalization—
Authorized. Now Issued.
6% bonds (25-year)
$10,000,000 $6,500,000
7% cumulative preferred stock
1,625,000
1,625,000
Common stock
I’
10,000,000
8,375,000
[The pref. stock is convertible into common stock at the holder’s
option
and $1,625,000 common stock is retained unissued for such
conversion.]
The bonds are a first charge upon the lands,
plant, undertaking and other
Sroperty as specified: $6,500,000 (Incl. the $3,000,000
now offered)
have
een Issued in part payment for the
properties and for building
new chemical
plants and providing working capital: and the balance, viz., $3,500,000.
are held in the treasury against future
requirements, and can only be Issued
for the acquisition of new properties to the extent of
80% of their appraised
value.
Of said $6,500,000, $3,500,000 has been sold in the U. S.
and
$3,000,000 (£616,420) is now offered for sale, $2,000,000 (say £400,000) of
which has already been applied for in England and Canada.
Abstract of Letter from Vice-Pres. & Gen. Mgr. W. H. Matthews,
Detroit,
Sept. 19 1910.
Organized In N. Y. State July 1 1910 to succeed the Lake Superior Iron &
Chemical Co. of Mich., a successful manufacturer of charcoal
pig-iron, with
wool-alcohol and acetate of lime as by-products.
The winding up of an
estate whi h controlled the majority stock of the
Michigan company gave
an opportunity for associating with
the management strong new interests
connected with the wool-alcohol and pig-iron
trade, and it was decided to
put the business upon a modern basis, thereby obtaining great additional
profits from wooi-aicohol and acetate of lime.
The assets of the old com¬
pany have been acquired free from all encumbrances, and provision has been
made in financing the new comoany for $1,000,000 to be used in
re-building
the charcoal and chemical plants and $1,675,000 for a cash
working capital.
Q| Properties Acquired and Supply ofRiw Materials.
1) Six charcoal pig-iron furnaces, 4 with chemical and charcoal
plants, 1
with small charcoal
capacity, 1 with lopg-term contract for charcoal.
Pig-iron capacity 198,000 tons per afinum.
(2) 137,551 acres of hard-wood land In fee (111,671. acres virgin forest),and
contracts covering the cord-wood on 190,230 additional
acres, assures the
company a full supply of cord-wood for at least 30 years.
Our policy,
however, Is t:> make stumpage contracts with outside parties and to
hold
intact the standing timber, which has great
prospective value as lumber.
(3) 47 miles of standard-gauge railway, with 90 cars, 11
locomotives, stock
car3, boarding cars, &c.
This railway leads from two trans-continental
lines and
enables the company to operate the woodlands in
connection
with the various plants most economically.
(4) Long lease of the Yale Iron Mine, which has, now blocked out
some
800,000 tons of ore, with a large additional amount still
undeveloped.
Also another only partially developed mine.
Lancaster (Pa.) Gas Light & Fuel Co.—Slock Increased.—
This Pennsylvania corporation has increased its
capital stock
from $450,000 to $550,000 (par $50).
The company is con¬
trolled by Lancaster County Ry. & Lt. Co.—V. 82,
p. 163.
Lexington (Ky.) Water Works Co.—Favorable Decision
Affirmed.—The Court of Appeals of Kentucky on Dec. 9
affirmed the decision of the lower Court
upholding the pro¬
vision of the original contract with the city,
renewing the
same for a term of 25
years on failure of the city to exercise
the option to purchase the
plant at the end of first 25 years.
The Court holds that Sections 164 and 167 of the new Constitution do
not
as the latter was adopted after the contract was entered into and no
law can abrogate a contract already
partly executed. Compare V.91,p.399.
apply,
Long Beach (Cal.) Consolidated Gas Co.—Offering of Bonds
—Company Controlled by Sou. Cal. Edison Co.—E. H. Rollins
& Sons, N. Y., Chicago, Boston, Denver and San
Fran., are
offering at par and int. the unsold portion of $300,000 1st M.
6% gold bonds (tax-exempt in Cal.), dated Nov, 1 1910 and
due Nov. 1 1940, but redeemable at 103 and int.
Nov. 1 1913.
Int. M. & N. at Los
Bank, the trustee, Los Angeles,
Par $1,000 (c*).
in N. Y.
825,830 Cash to remodel chemical
plants
1,000,000
Stump.contracts’adv.pay.
145,680 Working capital (cash)
1,675,000
It is proposed that the four kiln plants now
in use shall be at once re-built
and re-modeled and a complete new
plant built at Chocolay.
At the new
plants there should be procured between 10 and 12 gallons of wood-alcohol
from each cord of wood carbonized, instead of 4
gallons under the old
method, and from 160 up to 190 lbs. of acetate of lime per cord, Instead of
between 70 and 80 lbs.
Arrangements made with the Wood Products Co.
of Buffalo, and the U. S. Industrial Alcohol
Co., insure preferential terms in
this market, and make practically certain that our
products will always be
taken as rapidly as produced.
The presence on the board of the President
of the U. S. Industrial Alcohol
Co., and a member of the firm of Rogers,
Brown & Co., who have a large financial interest in the
company, insures
friendly co-operation.
The Wood Products Co. of Buffalo, which is a
subsidiary of the U. S. Industrial Alcohol Co., handles about 95% of the
wood-alcohol made in the U. 3Rogers, Brown & Co. [the largest sellers
of pig-iron in the U. S.] have undertaken the sale of
the pig-iron.
Estimated Annual Earnings A ter Plants Shall Have Been
Re-Modeled.
Charcoal pig-iron, 198,000 tons, at $3 50
profit
$693,000
Wood-alcohol, 3,420,000 gals., at 23c. per gal., $786,600; acetate
of lime, 61,560,000 lbs., at 1.6c.
per lb., $984,960; total net
selling value at plant, $1,771,560; less additional fuel and
labor costs at chemical
plants, $684,000
1,087,560
2,662,539
Abstract of Letter from Pres. P. E. Hatch, Long Beach.
Cal., Dec. 15 1910.
Incorp. in Cal. in 1910, a consolidation of the gas properties of the South¬
ern California Edison Co. and the
Long Beach Inner Harbor Gas Co., lo¬
cated in the city of Long Beach.
Exclusively furnishes gas for illuminat¬
ing and fuel purposes to a population of 17,809 (1910 census).
Capitalization—Preferred stock auth., $500,000; issued
$85,000
Common stock auth., $1,000,000; issued
675,000
First mtge. 6s, auth., $1,000,000; issued
300,000
Annual cash sinking fund, beginning Nov. 1
1911, an amount equal to
1% of the bonds outstanding; also an additional 1%
yearly beginning Nov. 1
1915 for permanent extensions or
additions, or for purchase of bonds, as
the company may elect.
For the year ending Sept. 30 1910 (prior to
consolidation) the gross earn¬
ings were $137,227 and the net earnings (after operating
exp. and taxes)
were $39,944.
Estimates for year 1911: Gross, $157,000; net, $55,000.
The property, without allowance for franchise
or good-will, Is
appraised
at $425,000, including 5.86 acres of
land; plants for manufacture of gas
from oil, capacity 500,000 cu. ft.
daily; three holders, combined capacity
120,000 cu. ft., and 84 1-3 miles of mains, to which will
shortly be added
a fourth
mains.
holder,capacity of 500,000
cu. ft. and over 2
H miles of additional
During the year 1909-10 6,898 consumers were supplied with
119,791,300 cu. ft. of gas at $1 15 per 1,000 cu. ft. The control of the
company, through a majority ownership of its outstanding
capital stock,
will be vested In the Southern California Edison
Co.
See V. 91, p. 399.
Manitowoc (Wis.) Water Work3
Co.—Proposed Purchase
by City.—See “Manitowoc, Wis.”, in “State and City” Dept.
Marion (Ind.) Light & Heating Co.—Bonds
Offered.—
Coggeshall & Hicks, N. Y., recently offered for sale
a
block of 5% “first and refunding
mtge.” sinking fund
gold bonds, guaranteed principal and interest by American
Gas & Electric Co.
Dated 1907 and due Sept. 1
1932; re¬
deemable at 110 and int. on Sept. 1 1912 or on
any int. date
thereafter.
Par $1,000 (c*).
Int. M. & S. in N. Y. Stand¬
ard Trust Co. of New York, trustee.
The firm reports:
Earnings for Month of September and 12 Months ending
Sept. 30.
-12 Months-SeptemberGross incomeNet Income
Interest on bonds
Surplus
over fixed
charges
1910.
1909.
$14,554
7,713
1,958
5,755
$12,483
$179,581
7,219
96,847
23,500
73,347
____
1910.
1909.
$157,418
90,862
Abstract of Letter from Vice-President R. E. Breed, May 10 1910.
heating
The only company doing a commercial electric
lighting, power and
business in Marlon [Incorporated in Indiana in 1902].
are
offering at
1st M.
$1,780,560
Deduct 25% to cover possible shut-downs,
slack trade, &c__Deb. 445,140
and add net profits from Yale
Mine, say 100,000 tons per annum,
at
75c. per ton
Cr.75,000
$503,459
$626,494
$951,310
*$72,848
$463,503
$490,803
•
Drop in earnings in 1908-09 was caused partly by financial
panic,
but
mainly through disorganization following the death of
Pres., chief owner.
the Bankers Trust Co.
Marseilles Go. (Agricultural
Ill.—Bonds Offered.—Peabody,
Total
Accountants' Report of Net Earnings Before
Deducting Interest or Depreciation.
(Chocolay plant, since acquired, not Included.)
Calendar Years
16 Mos. to
—Years end.Apr. 30—
Average
1905.
1906.
Apr. 30 ’08.
1909.
1910.
Per Ann.
or
-
blocked out)
Total est. net earnings before
allowing for depr. & int. chges-$l,410,420
This company is the largest
producer of charcoal pig-iron in the U. S.,
and will be the largest producer
of wood-alcohol and the largest producer
of acetate of lime In the U. S.
after
Capitalization—
_
in fee
on or
Angeles Trust & Savings
Pref. stock—auth., $600,000 [6% cum., par
$100]; outstanding- $100,000
Common stock* [par of shares $100], auth. and
outstanding
300,000
“First and ref. M.” 5% s. f. bonds, auth.,
$1,500,000; outstanding 447,000
Reserved to retire underlying bonds
30,000
To be Issued in exchange for underlying bonds
acquired
23,000
Reserved for future extensions, &c. (see below)
$1,000,000
These bonds are, in the opinion of counsel, a first
mortgage on the entire
property, subject to $30,000 underlying bonds, which mature
$8,000
Jan. 1 and $7,000 July 1 of each year till Jan. 1
Of the bonds
1912.
$1,000,000 are reserved to reimburse the company for not
exceeding
80%
of the cost of future extensions and
Improvements, when the net earnings
for the preceding 12 mos. shall have been twice the Interest
charge, including
the bond applied for.
Annual sinking fund, 1% of total bonds
Sept. 1 1912 to Sept. 1 1918, 1^% Sept. 1 1918 to Sept. 1outstanding
1924, 2%
Sept. 1 1924 to Sept. 1 1931.
Franchises particularly favorable; for light
and power extending to 1939 and for
heating
to 1929.
The entire service
is now derived from a new modern
generating station with 4 General Electric
3-phase turbo-generators.
Marlon is a city of about 25,000 population.
[The guarantor of the bonds, the American Gas & Electric
Co., which is
controlled, by General Electric Co. Interests, controls and operates some
20 lighting properties, serving over
500,000 people. - In addition to the 17
controlled properties enumerated In the official statement
In V. 87, p. 1661,
are the Citizens’ Light & Power
Co., Auburn, N. Y.; the Standard Electric
Light, Heat & Power Co. of Avoca, Pa., and the Lackawanna
Valley Elec¬
tric Light, Heat & Power Supply Co. of
Carbondale, Pa. From Incorpora¬
tion in 1907 has paid regular dividends of
6% on Its pref. stock, the amount
outstanding $1,553,000.
Common stock, $2,800,000 outstanding, sells
around par.]—V. 74, p. 730.
Independent Valuation, $5,977,435, with $2,675,000 New Cash for
Improve¬
ments and Working Capital.
Furnaces and equipment_$l,313,720 Railway and
equipment.
$265,069
Chemical plants & equlp’t
619,186 Lumber camps & equlp’t145,411
Yale Mines (profits, ore
New Money Provided—
Wood-lands, owned
lxxx:> i
Directors.—President John Joyce, Boston, director Shawinigan Water &
Power Co.; Vice-Pres. & Gen. Mgr. W. H. Matthews, George H. Russell
and F. W. Blair, all of Detroit; F. M. Harrison (Pres. U. S. Industrial
Alcohol Co.) and Alvin Untermyer, New York;
Thomas McDougall,
Quebec; Hon. William G. Sharp, Elyria, O.; H. H. Melville, Boston; Hon.
Wm. A. Charlton, Toronto: M. Cochrane Armour, Chicago, of Rogers,
Brown & Co.—V. 91, p. 156, 97, 41.
•
'•
[Vol.
par
Implements), East Moline,
Houghteling & Co., Chicago,
and int. the unsold portion of $250,000
6% serial gold bonds.
Dated Dec. 15 1910, due $25,000
yearly each Dec. 15 from 1912 to 1921,
reverse of numerical order on Dec. 15 1913
or Inter¬
est dates thereafter at 102 ^ and int.
Par $1,000 and $500 c*.
Prin. and
Int. (s.-a.) payable at First Trust &
Savings Bank, trustee, Chicago, miResources ($980,000)Cash Investment ($ 1,000,000)—1 •
Real estate
$83,910 Pref. stock paid in
$150,000
Buildings and plant
425,000 Common stock paid in
500,000
Tools, patterns, &c. (ex¬
Pref. stock subscribed (see
incl., but redeemable in
j
!
1
cluding patents)
120,000
below)
100,000
working capital (ma¬
First mortgage bonds
250,000
terials, bills recelv., &c.) 351,090
The trust deed provides that the net
working capital shall be maintained
at a minimum of $250,000.
Officers.—Pres., G. N. Peek, Omaha, Neb.; Vice-Presidents, G. W. Mixter, Moline, Ill., and S. H. Velle, Kansas City, Mo.;
Sec., C. H. Adams;
Moline, Ill.; Treas., R. B. Lourle, Moline, Ill.
•
•
Net
Dec.
from President Q. N. Peek,
Abstract of Letter
Manufactures corn shelters, portable grain
and other agricultural implements.
Formed
Marseilles Mfg. Co., well known in the agricul¬
& Co., who recently purchased
& Burpee Co. of Syracuse, the
original manufacturer of manure spreaders.
The K. & B. Co. during the
last ten years has earned over $650,000.
The business of both companies
has been moved to the new plant at East Moline, and the services of the ac¬
tive heads of the old concerns have been acquired.
Contracts for the sale
of from 80 to 90% of the output have been made with the branch houses
of Deere & Co. at prices that assure a satisfactory profit, these being subject
to annual revision In case of variation in the cost of material or labor.
The whole of the capital stock ($750,000) has been subscribed for at par
and $650,000 has been paid in, leaving $100,000 of pref. stock subscriptions,
quired the business of the
paid in early in 1911.
Massachusetts Breweries Co., Boston.—Dividends.—A
dividend of 1% (the same amount as in the two preceding
years) has been declared on the
payable Jan. 14 to stockholders of
$6,532,000 capital stock,
record Jan. 2.
Previous Dividend Record
2
1910.
1909.
4
4
4
3
yearly
(Per Cent).
1908.
1907.
1906.
1901 to 1905.
dividends paid in 1909 and 1910 on the stock were:
1%: April 15, 2%; Oct. 15. 1%.—V. 89, p. 346.
The several
Massillon
4
Jan. 15,
(O.) Electric & Gas Co.—Earnings.—
Year ending
Gross
Nod. 30—
Earnings,
1910
$57,735
1909
48,571
—V. 89, p. 1414.
Expenses
and Taxes.
$33,329
28,798
Net
Earnings.
$24,406
19,773
Bond
Interest.
Mexican National Gas Co., Los Angeles,
This company, organized by E. L. Doheny
and associates, to manufacture and sell gas
$8,137
8,000
Balance,
Surplus.
$16,269
11,773
Cal.—Status.—
of Los Angeles
in Mexico, was
incorp. in Delaware on Feb. 8 1909. Its auth. capital is
$2,500,000 in $000 shares, $500,000 being 6% pref. and
$2,000,000 common. The amounts outstanding are said
to be $237,000 pref. and $475,000 common.
In 1909 there
were subscribed at par, with bonus of stock, $500,000 of an
issue of $1,000,000 1st M. 6% 30-year gold bonds, par $100,
and $1,000, int. A. & O.
In April 1910 a new $5,000,000
mortgage was made to the Southern Trust Co. of Los Angeles
as trustee; but whether as a first mortgage replacing the other
or a consolidated issue does not appear.
An official state¬
ment made Dec. 1 1909 said:
This company owns (1) the concession from the Mexican Govt, to Messrs.
Doheny, Canfield and Bridge for Introducing the new Industry of the gas
business Into the Republic; (2) the franchise from Mexico City granted to
the same parties to build gas works within its jurisdiction.
In order to
build a gas plant in the Capital City—a community of some 400,000 souls,
wholly unsupplled with gas. A bond issue of $1,000,000 6% 30-year bonds
was authorized.
One-half this amount was offered for sale at par and int.,
with a bonus of stock, to cover the cost of the first installation in Mexico
City.
The consumption should reach 500,000 cu. ft. dally, the moment
sufficient pipes can be installed to supply the people who are demanding gas.
The probability of doubling pr even trebling this output at an early date
amounts to substantial certainty.
It now seems necessary to provide for
10 or 12 miles of street mains above what was at first intended.
The Treas¬
urer has therefore been authorized to offer for sale an additional block of
bonds
at
and
with
of
50%
In
$100,000
par
int.,
bonus
pref. stock, or 100%
in common, as the purchaser may elect.
[In May 1910 the first unit with
20 miles of mains was completed, contracts for laying an additional 22 miles
had been let and authority had been obtained from the city for laying an
additional 40 miles.
At the date named $1,250,000, it was rumored, had
been expended, and it was said that the plant when completed In 1912-13,
at a total cost of $4,000,000, would have a capacity of 1,500,000 cu. ft. per
day, using oil obtained from the allied Mexican Petroleum Co. (V. 91,
p. 1450).]
Officers (and directors).—E. L. Doheny, Pres.; C. A. Canfield, 1st VlcePres.; R. H. Miner, 2d Vlce-Pres.; Norman Bridge, Sec. and Treas.; all of
Los Angeles; W. L. Hardin, Sub-Sec. and Treas.; Alexander Ross, Gen.Mgr.,
and James W. Warren, Gen. Supt., all of Mexico City; E. P. Ripley, W. L.
Hardin, Harold Walker, O. D. Bennett, Warren W. Akers, E. C. Bradley,
E. MacRossie.
Mexican Telegraph Co.—Partly Estimated
3 months and year ending Dec. 31:
3 Mos.
Tot. Inc.
1910 ...$205,000
1909
195,000
Year—
1910 __.$804,500
1909
734,500
—V. 91, p. 875.
...
...
Net Inc.
Mex. Govt
Earnings.—For
Divs. Paid.
Bal.,Surp.
$192,000
182,500
$9,500
8,000
(2 4)889,735
(2,4)89,735
$92,765
84,765
$742,000
648,500
$38,000
31,500
(10)$358,940
(10)340,943
$345,060
276,057
Bonds.—Treas.
6, replying to our inquiry as to a
Midland Steel Co., Pittsburgh.—No Neiv
Charles McKnight on Dec.
recent press report, says:
The company has not contemplated an Issue of any bonds whatever.
We have noticed several articles In the papers about It, but have made no
denial because we thought it was a mistake and was intended for another
company; but as you have the matter in such particulars I will state that
the Midland Steel Co. does not now intend to issue any new bonds, as it
has no necessity for the money at the present time.
[H. C. Fownes is Pres.;
J. Ramsey Speer. Vlce-Pres., and Wm. C. Fownes Jr., Sec.]
Compare
V. 83, p. 41.
^
Missouri & Kansas (Bell) Telephone Co.—Kansas Ouster
Suit.—Attorney-General Jackson on July 5 filed in the
Shawnee (Kan.) County District Court a suit to prevent
the company and the American Telephone & Telegraph Co.
from monopolizing the telephone business of the State.
The suit is the outgrowth of the purchase by the American Co., (which the
petition alleges is the real defendant in the suit) of the Independent tele¬
phone plants at Wichita and Hutchinson, Kan., the former in the
early spring of this year and the latter a few weeks ago.
The petition further
alleges that the Bell Co. Is now negotiating for the purchase of the Union
Telegraph & Telephone Co.
Judge Dana issued an order restraining the
defendants from purchasing either directly or Indirectly any part of the
stock of the Union Telephone & Telegraph Co. or any other line that may
have been used In competition with the defendants until the case is finally
settled in the courts.
The “Topeka Capital” says the suit concerns inde¬
pendent companies in the State with a total valuation of approximately
$20,000,000.-r-V. 01, D. 159.
Mohawk
Hydro-Electric Co., New York.—Bonds Offered.—
Pingree, McKinney & Co., Boston, are offering at 10134 and
int., netting 5%% income, the unsold portion of the present
issue of $500,000 1st M. 6% sinking fund gold bonds dated
Nov. 1 1910 and due Nov. 1 1940, but redeemable as a whole
or after Nov. 1 1913 at 110 and int.
Int. M. & N. at
Columbia Trust Co. (the trustee), N. Y. City.
Par $ 1,000c*.
on
Tax-exempt in N. Y. State.
Abstract of Letter from President Wm. Barclay Parsons, 60 Wall Street,
New York, Nov. 26 1910.
This company was
organized In N. Y. State (on May 17 1910) for the
construction of a hydro-electric plant In Fulton County, N. Y.
The work
Is so far advanced as to promise the beginning of operations about Jan. 1.
Capitalization (the “Authorized Amount" is thatiapproved by the Public
Service Commission, Second Distrct, New York).
Moline, 111., Dec. 6 1910.
elevators, manure spreaders
June 23 1910, and has ac¬
tural implement business, and (from Deere
the same) the Western business of Kemp
which will be
1775
THE CHRONICLE
311910.]
A iithnrirp/l
T dyn'it
1
6% bonds (tax-free in N. Y.) .$932,000 $500,000 $3,000,000
Preferred stock (par $100)
100,000
100,000
100,000
Common stock (par of shares $100)
575,000
575,000
575,000
A total of $700,000 bonds is apportioned for completion of this devel¬
opment, of which $500,000 bonds are available for immediate use.
The
stock represents a large cash equity junior to these bonds.
Annual sink¬
ing fund, beginning Nov. 1 1916 up to and including 1939, an amount equal
to 1 4% of the face value of all the bonds theretofore issued.
Plant.—Masonry dam, 760 ft. long, with a maximum height of 60 ft.,
connected by a pipe line 11,450 ft. long, with masonry and steel power house,
furnishing a fall from dam crest to tail race of 295 ft.
The powerhouse is
arranged to contain four units, three of which, 1,250 k. w. capacity each,
are being installed.
The plant is located on Garoga Creek, about nine
miles north of Fort Plain on the N. Y. Central RR. and about the same
distance west of Gloversville and Johnstown.
Garoga Creek rises in Peck
and Caroga lakes, nine miles above the intake dam, situated on the south¬
ern slope of the Adirondack range at elevations of 1,360 and 1,460 feet
The fee to both has been acquired and is vested in this
above the sea level.
company, as are also mill rights, by which the surface of the water in these
lakes has been raised and lowered at will for many years.
At Peck Lake,
the larger of the two, a masonry dam is now being built to further raise
the water level 20 feet, giving a total depth of 22 ft. available for storage
and drought during the dry season.
The available contents of these lakes
are 1,250,000,000 cubic feet.
This storage, combined with the great head,
will give a yearly output in the dryest year of from 12,000,000 to 15,000,000
k. w. hours, distributed during the year as required.
All necessary ri¬
parian rights along the stream have also been acquired in fee.
The largest immediate market for this power Is at Gloversville and Johns¬
town, the great glove manufacturing centre of the United States.
The
distribution of electric current in these cities and neighboring towns is
done by the Fulton County Gas & Electric Co., a subsidiary of the United
Gas Improvement Co. of Philadelphia.
As the Fulton County Co.’s exist¬
ing steam plant Is old and incapable of furnishing power for use In the mills
and factories, and as there is a great demand for electric power by the mills
and factories to displace their non-economical steam plants, a contract
has been arranged between the Fulton County Gas & Electric Co. and the
Mohawk Co., by which the former is to buy current from the latter begin¬
ning with a guaranteed minimum of 5,000,000 k.w.hours the first year and
increasing by a minimum yearly increment of 400,000 k. w. hours until a
consumption of 7,500,000 k. w. hours Is reached, and after that the com¬
pany is not to purchase current from any other source if the Mohawk Co.
has it to sell.
The Fulton County Co. is to construct its own pole line to
Gloversville, be responsible for its maintenance and all line losses, and is to
take the current at the Mohawk Company’s switchboard.
In addition t#
the above contracts, arrangements have been made whereby the business
of one city on the New York Central RR. will be obtained, and negotia¬
tions are now in progress with another.
These two cities are expected to
give a market for at least 1,000 h. p., which should bring in $30,000.
Rates Payable by Fulton County Co. (Based on No. of k. w. hours taken per
First mtge.
annum
or
fraction).
¥ezf 2,500,000
Next 2,500,000.
Next 2,500,000.
0.9c. per k.w.h.
0.8c. per k.w.h.
0.7c. per k.w.h.
Guaranteed Minimum Income of Co. under FuUon Co. Contract on ctbove basis.
5th Yr.
7th Yr.
Is* Yr.
2nd Yr.
3rd Yr.
4th Yr.
6th Yr.
$58,000
$66,000
$74,500
$50,000
$54,000
$62,000
$70,000
The operating expenses of the company under the Fulton County Co.
contract will be limited to the power house, and, including taxes, should
not exceed $8,000.
The first year’s minimum guarantee will, therefore,
cover the interest at 6%
The above figures are minima
on $700,000.
which both companies believe will be exceeded.
First 7,000,000.
1.0c. per k.w.h.
Estimated Revenues of the Company.
Year.
1911.
Net.
| Year. Gross.
Net.
$63,000 11913.$125 ,000 $110,00
| Year. Gross.
$42,000|1912. $75,000
Net.
Gross.
$50,000
Montreal Water & Power Co.—Listed in London.—The
London Stock
Exchange has listed
a
further issue of £25,000
1st, M. prior lien bonds, making the total listed
£514,300. Compare V. 91, p. 1028, 462.
Montreal Steel Works, Ltd.—Offer to Purchase Stock.—
The Investment Trust Co. of Montreal, on behalf of a syn¬
dicate which also controls the Ontario'Steel Co., with plant at
Welland, Ont., has, with a view, it is stated, to a merger of
4
34%
companies, made an offer to the shareholders to
purchase the stock on a basis of 13734 for the preferred and
16234 for the common stock, payment to be made in cash on
the two
or
before March 25 1911.
The directoi's have agreed to sell their shares on
to the consent of 55% of the shareholders.
the basis named, subject
Large Dividend.—The directors have declared a
of 7% for the half-year ending
for the calendar year 1910.
This is not looked upon as anew basis but the extra
declared In order to make up the 3% deficiency for
was
dividend
Dec. 31, making 10% in all
3%, it Is presumed, is
1908 (when only 4%
paid) in the 7% annual rate which, with this exception,
p. 521, 399.
Since 1905.—V. 91,
has been paid
Nashua (N. H.) Manufacturing Co.—Increase of Stock—
Acquisition.—The stockholders voted Dec. 28 to increase
the authorized stock from $1,000,000 to $1,450,000( par of
shares $500) to purchase the property, franchises and good¬
will of the Jackson Co. as a going concern, “paying therefor
with said $450,000 additional stock and by assuming all the
debts and liabilities of said Jackson Co. of every nature and
description. ”
The Jackson Co. has mills at Nashua,
accounts with 55,040 spindles and 1,802
N. H., which were equipped at last
looms.
It manufactures sheetings,
shirtings, and cotton flannels. Capital stock auth. and issued, $600,000;
par of shares, $1,000 each.
Divs. in 1905, 8%; 1906, 12%; 1907, 8%
1908,6%; 1909, 8%; 1910 (?).—V. 91, p. 98.
National Packing Co.—Supplemental Indictments.—The
July special Federal grand jury on Dec. 16 returned a supple¬
mental indictment against the ten officers of the so-called
“Beef Trust” included in the indictments found Sept. 12 last
for alleged violation of the Sherman anti-trust law.
The indictment contains four counts, covering alleged new offenses occur¬
ring largely since the former indictments and extending up to Dec. 16, thus
With the new indictments there are nine
bringing the cases up to date.
counts against each of those Indicted.
The new indictment includes
charges covering acts during the last 3 years.
In the earlier indictment
the charges embrace the last 12 years.
The supplemental bills were asked
by the Government to checkmate any unexpected move by the packers’
attorneys toward invalidating the indictments through a legal technicality.
The two sets of indictments contain charges covering the entire lifetime of
the National
Packing Co.
Civil Suit Withdrawn.—Judge Kohlsaat in the United
States District Court at Chicago on Dec. 29, by request of
District Attorney Sims, entered an order dismissing the suit
brought by the Government in March last for
the company.
Compare V. 90, p. 853.
This is done.
It is said, in order to enable the
dissolution of
Government to place the
individual defendants on trial on the Indictments found in September
and the supplemental Indictments recently returned, without fear of
nterposing a plea for immunity on the ground of their having given
last,
their
test!-
me
THE CHRONICLE
In the clvH proceedings or obtaining long delay
dency of the latter. Compare V. 90, p. 853.—V. 91, because of the
mony
pen¬
p. 720.
National Surety Co.—Listed.—The N. Y. Stock
Exchange
has listed $750,000 additional stock
recently issued, making
the total amount listed
$1,500,000. Compare V. 91, p. 1388.
National
Telephone Corporation, Wheeling, W. Va.—Re¬
ceivership-Litigation.—Judge
at
Dayton in the Federal Court
Phillipi, W. Va., on Dec. 17 overruled the motions of the
Continental Telephone Co. to
discharge W. C. Handlan and
James W. Ewing as receivers and also to dissolve the tem¬
porary injunction against the "Continental Co.
restraining the
latter from interfering in
the affairs of the National company.
The temporary injunction against the
Continental company was granted
in the suit tiled by Andrew J. Howard of
Indiana, brother of President John
A. Howard of the National
company, on the ground that $10,000,000 com¬
mon stock was Issued to the Continental
company without the knowledge
and consent of the stockholders, thus
giving it control of the National co.
Judge Dayton set down for argument on Jan. 16 at Parkersburg the petition
filed some days since by the Metropolitan
Tr.Co. of N. Y. as trustee, which
asks that the stocks of
subsidiary companies held (see list V. 91, p. 1326)
be ordered to be deposited as
security for a $670,000 loan, and states in the
petition that, while Andrew J. Howard is the complainant In the
injunction
proceedings against the Continental company, John A. Howard, who or¬
ganized the Continental company, is the real complainant.
A stock and bond holders’protective committee has
been formed which
demands the dismissal of the receivers named,
claiming they are personally
connected with John A. Howard.—V. 91. p. 1326.
Nevada
Consolidated
Copper Co., New York City.—
Guggenheim and J. N. Steele were
recently elected directors in place of James Phillips Jr. and
C. Hartmann Kuhn.
S. W. Eccles has been made
President,
succeeding Jas. Phillips Jr. D. C. Jacklin has become a
Nav Directors.—S. R.
Vice-President.
The
directors
now
are:
S. R. Guggenheim, S. W. Eccles, C. M.
MacNelll, Murry Guggenheim,
Judd Stewart, W. Hinckle Smith, Charles
Hayden, D. C. Jackling, W. E.
W.
Bennett,
B. Thompson and J. N. Steele, all except Bennett,
Steele and Smith being also directors of the Utah Copper Co., which Stewart,
controls
the Nevada Consolidated.—V. 91, p. 1509.
New York
Transportation Co.—Report of Fifth Ave. Coach
Co.—Report for year ending June 30:
Operating
Net
Other
Interest
Balance,
Fiscal Year— Revenue.
Earnings.
Income.
Paid.
Surplus.
1909-10
$630,325
$65,098
$725
$36,715
$29,109
1908-09
369,413
58,416
870
37,247
22,040
Passengers carried at 10 cents, 7,755,221; Increase, 2,332,507. Passen¬
gers carried at 5 cents, 549,954; ^Increase, 363,364
The general balance
sheet as of June 30 1910 shows total assets,
$697,399; decrease,
cash, $50,477; increase, $13,261; profit and loss deficit, $430,337; $96,717;
decrease,
$27,880.
Strike.—The chauffeurs; employed by the taxicab
co’s., who
had been on .strike for some
weeks, on Dec. 5 voted to accept
the offer of the employers for a settlement of the strike
The men wiil receive $2 50 a day for 12-hour
day with an hour off for
dinner.
No discrimination is to be made against union
employees.
All
complaints were to be adjusted before Dec. 10.—V. 90, p. 1175.
Noiseless Typewriter Co.—Estimate of
writers in U.
Output of Type¬
S.—McCuaig Bros. & Co., Montreal and Ottawa,
offering at par a block of the 7% cum. pref. stock ($1,150,000 issued) with a 60% bonus of common stock ($4,202,500 outstanding).
The firm gives the following estimate:
are
Number of Typewriters MJd. in U. S.
During 1909 by
Existing Active Com¬
panies, Estimated 350,000.
Union Typewriter Go
*115,000 L.C.Smith & Bros.Typewriter 30,000
Underwood Typewriter Co.
80,000 Royal Typewriter Co
25,000
Oliver Typewriter Co__
40,000 Others
60,000
Remington, Monarch, Smith-Premier.—V. 91, p. 521.
__
North Carolina Electrical Power Co.,
Asheville, N. C.—
Merger—New ■Mortgage.—This
company, incorporated in
special Act of General Assembly of North Caro¬
lina, recently took over the property of the W. T. Weaver
Power Co., assuming its $215,000 bonds
(V. 85, p. 104). A
'‘first and refunding”
mortgage was subsequently filed, cover¬
ing the consolidated properties, the Wachovia Loan & Trust
Co. of Asheville, N. C., being
trustee, to secure an issue of
$2,000,000 5% gold bonds.
1901 under
The new bonds are dated Oct. 1 1910 and due Oct. 1
1940, but are subject
to call in and after 1916 at 105;
sinking fund 1
of earnings after that
year.
Par $1,000.
Int. A. & O. in Boston and Philadelphia.
Amount of
Issue now out, $475,000; reserved to retire W. T. Weaver
Power Co. bonds,
$215,000; reserved for future additions and acquisitions to 85% of cost of
same, $1,310,000.
Capital stock auth., $1,000,000 in $100 shares; out¬
standing $425,000.
Pres., W. T. Weaver; Sec.-Treas., W. E. Reid.
The company owns: Weaver plant, Asheville, N. C., 3,000 h. p.;
plant, near Marshall, N. C., 750 h. p.; Marshall plant, near Marshall, N. Ivy
C.;
(under construction), 4,500 h. p.
Ohio & Texas Sugar Co.—Bonds—Otis &
Hough, Cleve¬
land, some months ago offered at par the unsold portion of
$200,000 1st M. 6% s. f. serial gold bonds, guaranteed, prin.
and int., by nine stockholders.
A circular says:
Ohio corporation.
Stock, auth. and Issued, common, $1,000,000; pref.
(paid up in cash at par), $500,000.
First mortgage 6s, $200,000, dated
April 10 1909.
Par, $1,000.
Principal and Interest (April 10 and Oct. 10)
payable at Capitol Trust Co., trustee, Columbus, O.
Sink, fund 25c. per
ton on all cane ground
began Feb. 1910.
All bonds are subject to call at
105 and int.; sink, fund may pay bonds at 101 and int, in numerical
order.
Bonds Nos. 1 to 100 mature yearly April
10, viz.: 1912, $10,000; 1913,
$15,000; 1914 to 1916, $25,000 per annum.
In 1907 the company bought for $270,000
1,884 H acres of Irrigated
land in the Rio Grande Valley, 3 miles
north of Brownsville, Tex., and In
1908 built, at a cost of $271,000, a modern
sugar mill, capacity 500 tons
per day and capable of increase at cost of
only about $40,000 to 1,000
tons per day.
Has under cultivation 800 acres of cane, and for the
present
year will grind cane from about 400 acres of land other than its
own. Total
assets valued at $728,000.
F. H. Lindenberg of Columbus, O., is
Pres.;
R. C. Wharton of Columbus. Sec. and
Treas.
Oklahoma Fuel Supply Co.,
Pittsburgh, Pa.—First Divi¬
dend.—This company, which buys
gas from the Oklahoma
p. I486) and the Caney River Gas
Co., for distribution in 15 towns in Oklahoma, has declared
an initial dividend of
of 1%, payable Oct. 15.
This is supposably a monthly
distribution.
Capital stock auth. and Issued
Natural Gas Co. (V.
90,
$250,000; par of shares, $1.
No bonded debt.
Oklahoma Natural Gas
Co. (V. 90, p. 1486) owns and controls
no stock.
Pres., Harry Heasley;
Sec. and Treas., A. W. Leonard.
Home office, Tulsa, Okla.
Omaha (Neb.) Electric Light & Power
Co.—Decision.—
United States Circuit Court of
Appeals at St. Paul,
Minn., on Oct. 17,denied the application of the company for
a
re-hearing in the suit over the company’s franchises.
The
(VOL.
LXXXX1
The Court held that the company’s franchises had
expired.
An appeal
may be taken to the United States Supreme Court.
City officials say the
company will have to apply for a new franchise.
The company’s counsel
says the city will grant some sort of a franchise, no matter what the result
of the litigation may be, as no one else has offered to take the
place of the
company.—V. 89, p. 532.
Ontario Power Co., Niagara Falls.—Bonds
Offered.—Fran¬
cis Ralston Welsh,
Philadelphia, is offering, by advertise¬
ment on another
page,$1,000,000 1st M.5% gold bonds due
Feb. 1 1943.
(See page 155 of “Ry.
Ind.
&
Sec.”).
The
sinking fund, it is stated, will retire about half the issuebefore maturity, buying in the open market
up to 110 and int.
Mr. Welsh reports:
Earnings for year ending June 30 1910: Gross, $729,779; net, $548,462:
int., $256,099. Net earnings are now at rate of about $760,000.
Output for Years ending June 30 (kilowatt hours).
1st M.
Present Rate.
abt. 350,000,000
1910.
1909.
1908.
1907.
289,993,300 171,902,100
88,120,800
31,692,400
Representative Consumers of Power Generated by This Company.
Province of Ontario.
Buffalo & Lake Erie Traction Co.
Buffalo General Electric Co.
International Power & Transm. Co.
Rochester Ry. & Light Co.
Niagara Gorge RR. Co.
Syracuse Lighting Co.
Ontario Distributing Co.
Syracuse Rapid Transit Co.
Lackawanna Steel Co.
Erie Railroad Co.
American Locomotive Works.
New York Central RR. Co.
The bonded debt is exceptionally small and the cost
of operation ex¬
ceptionally low. See V. 91, p. 720, 1028
,
Ontario Steel
Co.—Merger.—See Montreal Steel Works.
People’s Portland Cement Co., Sandusky—Spokane.—
Bonds Offered.-—Arthur S. Ford,
Great Northern Bldg., Chi¬
cago, is offering at par and int., by advertisement on another
page, this company’s 1st M. 7% gold bonds, with bonus of
25% common stock.
Par of bonds $1,000, $500, $100.
Trustees, Chicago Title & Trust Co. and Win. C. Niblack.
Mr. Ford says in substance:
This bond Issue
machinery
and
was
authorized to raise funds for the installation of
new
completion of cement mill No. 1 at Sandusky, O., and
the erection and equipment of the new mill (No. 2) In
Washington. Total
authorized issue is $1,000,000, of which $250,000 has been
deposited in
escrow for future development; the balance of
$750,000 has been offered for
public subscription, and at this date about $550,000 of the Issue has been
sold, the remainder being now offered subject to withdrawal without notice.
The total common stock is $2,000,000.
The bonds constitute
a
1st M.
on
all assets now owned
cm-
hereafter
ac¬
quired, the present assets being (a) Mill No. 1 at Sandusky, O., to start
grinding March 15 1911, capacity to be 2,000 bbls. per day, buildings, ma¬
chinery and equipment, mill site, clay and lime lands, &c.; (b) mill No. 2
to be erected in Washington, capacity 2,000 bbls.
per day, buildings, ma¬
chinery, equipment and options on lime, clay and shale deposits, mill site,
&c.; (c) coal mine, 508 acres, located near AmesvIUe, O., which has been
successfully operated for many years and the output of which, up to 500
tons per day, is contracted for until 1911.
Our engineers report that there
is enough coal to keep the mine going, at 500 tons
daily, for 80 years, at a
profit sufficient to pay the entire bond interest and redeem the principal
The location of mill No. 1, on Sandusky
Bay, with water transportation
to every point on the Great Lakes from Buffalo to
Chicago, gives the com¬
pany an enormous advantage in supplying the important and
growing
cement markets of the lake cities.
The situation in the West, where cement
is selling to-day for nearly $3 per bbl., or more than twice the
price obtained
in Chicago, and where there is at present little local source of
supply, makes
this section particularly attractive.
President R. J. Kellogg on Dec. 1 1910 wrote:
“The demand for ’Red
Triangle’ cement has already started, and we have received an offer from
a responsible cement dealer for the Cleveland
agency, together with his
offer for 150,000 bbls. of our cement for the year 1911.
We have also re¬
ceived a second offer for 100,000 bbls. of our product, and in addition
are
negotiating with a third concern which proposes to take our entire output
for 1911.**
Paducah (Ky.) Home Telephone Co.—Sale Ordered.—
Judge Walter Evans, in the U. S. District Court at Louisville,
on Jan. 7 ordered the foreclosure sale of the
properties both
of this company and the Kentucky & Indiana
Telephone &
Telegraph Co. of Owensboro, Ky., on the application of
J. D. Powers, receiver for the
companies and as receiver for
the Central Home Telephone Co.
(compare V. 84, p. 223;
V. 89, p. 1485), the holder of the bonds of the two
Kentucky
companies, amounting, it is said, to $250,000 and $162,000.
Pacific Hardware & Steel Co., San
Francisco.—Special
Meeting.—A special stockholders’ meeting was to be held
on Jan. 17 to dissolve the New
Jersey corporation and re¬
incorporate under the laws of California with the same cor¬
porate name and without change in capitalization or per¬
sonnel.
Compare V. 90, p. 854.
Passaic Steel Co., Paterson, N. J.—Decision
Holding Pro¬
moters Liable.—Vice-Chancellor Howell at
Trenton, N.*J., on
Dec. 16, in the suit brought by Thomas J. Arnold and other
stockholders against Frederick F. Searing, Albert C. Fairchild and Henry F. Bell, as promoters of the
company, held
Messrs. Searing and Fairchild jointly and
severally liable for
the amount of secret profits made
by them and Mr. Bell
only to the extent that he actually profited by the transac¬
tion (the latter amount said to be about
$70,000).
The amount of profits of the promoters made without
the knowledge of
the company or the stockholders who
participated in the reorganization of
the Passaic Rolling Mill Co. in 1903
aggregated, it Is said, $400,000 in
bonds and $3,000,000 stock of the new company.
The increase In capitali¬
zation from $200,000 to S7,500,000 was
effected, the Court says, without
adding a dollar to the assets of the rolling mill company, the promoters
by
manipulation being able to withdraw from the company 20% of its bond
issue and 60% of the stock, without
rendering service other than necessary
to put through the operation which enabled them to make the
profit.
If
the amounts to be returned by the defendants cannot be
agreed upon, a
Master Is to be appointed.
The stock is to be considered worthless,
rep¬
aration to be made only for the bonds.—V. 89,
p. 1487.
Pennsylvania Water Co., Wilkinsburgh, Pa.—New Bonds.
—The shareholders will vote
Aug. 5 on authorizing “an open
bond issue, the major portion of which will remain in the
hands of the trustees for future extensions.
A statistical compilation reports the
outstanding securities as follows
Common stock, $700,000; 6% non-cum. pref. stock,
$50,000 (par $50)
1st M. 5s, due July 15 1916, $190,000.
East Pittsburgh Water Co. 6s,
due July 1920, $50,000; Pennsylvania Water Co. consol,
mtge. 5s, due
April 15 1929, $971,000 (total auth. $1,500,000; reserved to retire afore¬
said underlying bonds, $240,000).
Pres., R. B. Mellon; Sec.-Treas., Jos.
T. Miller.
Pittsburgh, Pa.—V. 85, p. 287.
Penwood Coal Co., Rockwood,
—At auction in N. Y.
City
Pa.—Bonds—Receivership.
Nov. 23 $70,000 1st mtge. 5%
20-year gold bonds of $500 each, due 1926, sold for $500;
on
Dec.
THE CHRONICLE
311910.]
The company, organized in March 1906 and operating early in 1909
mine near Rookwood station. Pa., on the B. & O. RR., its property
embracing 1,266 acres in Somerset County, voted in Feb. 1909 (1) to
Increase its authorized capital stock from $150,009 (only 10% now paid up)
to $1,000,000; (2) to take over two adjoining properties aggregating 3,900
acres, and (3) to make a general and refunding mortgage to the Trust Co.
of Am., N. Y., as trustee, to secure an issue of $1,000,000 5% bonds, par
one
$500, dated March 1 1909 and due March 1 1939, of which $150,000 should
be reserved to retire the $150,000 1st 5s due 1926.
The officers were then
Hugh L. Kirby of Harper’s Ferry, W. Va., Pres.; Col. R. L. Howze, West
Point, N. Y., Vice-Pres.; J. E. Norwood, Baltimore, 2d Vlce-Pres.; C. J.
Anderson, New Haven, Conn., Sec.; Mandel Sener, Balt., Treas.
In Sept.
1910 the company was placed In the hands of Attorney John G. Ogle of Som¬
erset, Ta., as receiver, on application by a number of employees, whose
claims aggregated $2,800.
The aforesaid purchase plan of Feb. 1909 fell
through, but $500,000 of the new bonds, we learn, were Issued.
No Interest
has been paid on any of the bonds, and there Is also a floating debt of
$12,000 or more.
The receiver is asking for authority to sell the property
free of mortgage and other liens, and it Is feared that a small price will be
realized unless the bondholders unite for self-protection.
Operations ceased
in March
1910.
Peoria (Ill.) Water-Works Co.—Decision.—The opinion of
Judge Sanborn rendered on Sept. 30 last in the U. S. Circuit
Court for the Northern District of Illinois in the suit brought
by the company against the Peoria Ry. to stop injury to its
pipes by electrolysis by stray currents from the street railway
lines is given at length in “Water and Gas Review:”
A master in chancery reported in 1901, the report not being acted upon
until 1908, and the same master rendered a second report in 1909.
The
decision of the Court, laying down the general conclusions, of which the de¬
tails are to be inserted In the decree, differs materially from the recommenda¬
tion of the master.
The opinion is full of technical detail.
It is recognized
that in the many years since the case has been under investigation there
has been great a lvance in knowledge of the facts of electrolysis, and it Is
now poss ible, through co-operation of the corporations interested, to reduce
the danger of damage to a minimum.
The Court decides that the street
railway should be enjoined from continuing its injury to the water mains,
but make? the condition that the water company co-operate with the street
railway and that reasonable time be given for making the improvements.
—V. 70, p. 1203.
stock and
$2,500,000.
1777
preferred was
A St. Louis
increased from
said:
$1,875,000
to
paper
“Acceptance of the common stock carries with it an obligation to purchase
equal amount of the preferred at par.
The preferred stock draws a
fixed dividend of ^ of 1% per month.
The common stock,Is quoted at
about $325 a share, par $100. The additional $625,000 is to be devoted to
the erection of new factories.
The company now has 11 in operation in
St. Louis and near-by towns.”
Compare V. 89, p. 1415.
an
Assets—
Manufactured mdse
.$1,771,513
Mat’ls & goods in process. 1,101,235
Outstanding accounts
1,256,174
Bills receivable
10,931
Cash on hand
143,076
Fixtures, advances, securi¬
ties, &c
Real estate
Machinery
Trade-mark, good-will, &c.
Liabilities—
Capital stock, preferred..$2,500,000
2,500,000
Capital stock, common
Bills payable
830,000
Due manufacturers
58,5,97
Due officers and employees
16 292
Profit and loss
179,594
105,952
663,125
232,477
800,000
Total
Total
$6,084,483
$6,084,483
Credit to profit and loss on Dec. 10 1908 was $608,295; net earnings for
year ending Dec. 10 1909, after charging off bad debts and depreciation,
were $824,423
(the sales aggregated $11,356,122); total, $1,432,719; cash
dividends paid during the year, $1,253,125; balance to credit of profit and
loss, $179,594.
The real estate as shown above is represented by factories located at
13th and Mullanphy, Hickory and Mississippi Streets, St. Louis, Mo.; at
Hannibal, St. Charles, Washington and Cape Girardeau, Mo.; all con¬
structed of brick and stone; sprinkler equipped, each
and lighting plant.
The total cost of machinery
having its
own power
and equipment was
$809,193; less charged off as depreciation (20% annually on machinery, and
the total of all other equipment accounts), $576,716; amount carried In
account, $232.477.—V. 89, p, 1145.
Rochester & Lake Ontario Water Co.—Change in Control.
—A syndicate of New York and Rochester capitalists in
June last purchased a majority of the $2,500,000 capital
stock, including the stock owned*by the West End Trust Co.
and the American Pipe & Construction Co. of Philadelphia.
Phillips Sheet & Tin Plate Co., Weirton, W. Va.—New
having mills at Weirton, W. Va.,and
Clarksburg, W. Va., filed at Fairmont, W. Va., on Oct.
21 a certificate of increase of capital stock from $2,500,000
to $5,000,000.
Pres. E. T. Weir on Oct. 26 wrote:
The new directors (and officers) were: Pres., Henry C. Brewster; Vice
Pres., William F. Balkam; Asst. Sec. and Asst. Treas., Merton E. Lewis
Charles E. Orvls, Vincent H. Smith, A. B. Lamberton, Andrew H. Brown
and Alvin H. Dewey.
The purchase, it is said, Involved the payment of
There were then outstanding $1,406,000 of the auth.
nearly $300,000.
issue of $2,500,000 1st M. 5s, due 1933, Interest M. & S. at West End Trust
Co., Philadelphia.
Compare V. 87, p. 938.
Only a small portion of our new capital stock will be sold at this time
and this only to our present stockholders.
This is to cover improvements
now under way at our plants; the balance will simply be held for future use.
Our stock Is all in one form and carries no stated dividend.
Par $100.
[The company was organized in 1904-05 by James R. Phillips andE. T.
Standard Sanitary Manufacturing Co., Pittsburgh, Pa.—
Indictments.—A Federal grand jury at Detroit on Dec. 6
Stock.—This company,
Weir, both of whom had occupied important positions with the American
Corp.), and It purchased the eight-mill
plant of the Jackson Iron & Tin Plate Co. at Clarksburg, which, as then
altered, had an annual capacity of about 20,000 tons of long sheets and
black plates for tinning.
Present capacity, 120,000 net tons.
Mr. Phillips
was killed In the Harrisburg wreck on May 11 1905.
At organization the
stock was said to be $300,000.
No bonds or mortgage.—Ed.]
Sheet & Tin Plate Co. (U. S. Steel
Poughkeepsie (N. Y.) Light, Heat & Power Co.—Bonds
Offered.—James A. Hutchinson and Merrill. Oldham & Co.,
both of Boston, during 1909 offered the remainder of the
$100,000 additional first consolidated mortgage 5% gold
bonds, dated 1901, due Nov. 1 1921, but callable after
Nov. 1 1911 at 105 and interest.
Interest M. & N. in New
York City.
Par, $1,000 and $500 (c*). Issue limited to
$600,000, including $75,000 reserved to retire 5s due 1914.
America, New York, trustee. A circular said:
Trust Co. of
Capitalization, as Officially Reported Dec. 31 1908.
Capital stock (receiving 4% dividends)
$500,000
Poughkeepsie Electric Light & Power Co. 5s due 1914
$75,000'
First consolidated 5s due 1921 (Including this issues)
525,000 600,000
Convertible debenture 6s due 1926 (Interest J. & J.)
121,000
Earnings for Years ending Dec. 31.
,
Gross
earnings
Net earnings, after taxes
Total interest charges
Dividends
(4%)
—
Balance, surplus
Included in operating expenses are
1908.
$280,328
$83,557
38,363
20,000
1907.
$267,919
$79,727
34,932
20,000
1906.
$229,342
$81,541
28,526
20,000
$25,194
$33,015
$24,795
charges for depreciation equivalent
to about 10% of gross earnings.
Dividends have been paid on the
caoital stock since 1903, and since 1906 the rate has been 4%.
$500,000
The company does all the gas, electric lighting and power business in the
city of Poughkeepsie, N. Y., and in the adjoining towns of Highland and
Hyde Park, serving a population estimated at about 30,000.
The electric
generating plant has a rated capacity of about 2,400 h. p. and the gas
plant a daily capacity of about 400,000 cubic feet.
The franchises are
pronounced perpetual.—V. 89, p. 1415.
Publishers Paper Co.—Successor.—See Colonial Paper Co.
—V. 91, p.—V. 86, p. 232.
Pullman Co.—Reduction of Rates.—The Inter-State Com¬
Commission, in a report made by Commissioner Frank¬
Lane, has fixed the charge for upper Pullman berths at
80% of the charge made for lower berths, and has given
approval to a new schedule of rates filed by the company, to
go into effect throughout the entire United States on or be¬
fore Feb. 1 next.—V. 91, p: 1517, 1332.
merce
lin
The Commission has issued
a statement saying:
“The Pullman Co. has
shown in this schedule, the conclusions of the Commission in
what are known as the Loftus cases, that the rates for long distances on
lower berths should be reduced and that all upper berth rates should be
reduced.
It is estimated that the reduction which will be made upon all
of the lines over which Pullman cars are operated in the United States,
which include all of the main line railroads of the United States excepting
the New Haven road, the Great Northern, and the Milwaukee, will effect a
net reduction of nearly $1,500,000 annually.
The new rates for the lower
berths appear to be based upon a charge of $2 for a 12-hour run excepting
on some of the fastest trains, the upper berth rate being 20% lower than
the newly established rate upon lower berths.
The formal oruer, entered Dec. 22. directs the company to “lix rates upon
upper berths not exceeding 80% of t ie rates upon lower berths whenever
such lower berth rate Is $1 75 or over, and in cases where the lower berth
rate is $1 50 the upper uerth rate shall
be fixed at a rate not to exceed
$1 25.”
The reduction is to remain in force for at least two years. An order
was also issued providing for other specified reductions in
charges for lower
accepted,
as
erths after Feb. 1 in many
instances.
Reduction in Texas.—A press
dispatch says that the com¬
pany has notified the Texas RR. Commissioners that it will
reduce its rates within the State 20%.—V. 91, p. 1517, 1332.
Roberts, Johnson & Rand Shoe Co., St. Louis.—Dividend
of 33 1-3%—Stock.—The company declared on Dec. 13,1909,
a dividend of 33 1-3% on the
$1,875,000 common stock,
payable as the shareholder might elect, either in cash or
common stock.
As stated in V. 89, p. 1415, both common
returned indictments against 16 companies forming the socalled “bath-tub” trust and 32 of their officers for alleged
violation of the Sherman anti-trust law.
The criminal proceedings, according to a statement issued by AttorneyGeneral Wickersham, are the result of evidence adduced in the civil suit
brought by the Government some time since in the Federal Court at Balti¬
more, in which hearings have been held for six weeks past.
Compare
V. 91, p. 877.
Southern California Gas Co.—Bonds Deposited as Se¬
curity for Bonds of Pacific Light & Power Corporation.—
This company was incorporated in Cal. in October last with
$10,000,000 of auth. capital stock in $100 shares, consisting
of $6,000,000 common and $4,000,000 6% cum. pref., of
which only the common has been issued, a majority of this
being owned by the Pacific Light & Power Corporation), and
took over the property of the Domestic Gas Co.
The
new company has made a mortgage with the Trust Co. of
America,
trustee, to secur ean issue of $10,000,000 1st M. gold bonds, of $1,000
each, Interest rate not to exceed 6%, dated Nov. 1 1910 and due in 1950,
but callable in and after 1915 at 105.
Par $1,000.
Int. M. & N. in N. Y.
City.
Sinking fund sufficient to retire over two-thirds of the issue before
maturity.
Bonds for $4,000,000 have been pledged as security for bonds
of the Pacific Light & Power Corporation (see that company under “Rail¬
roads” above) and $8,000,000 are reserved for future additions and better¬
ments.
Pres. W. G. Kerckhoff,; Sec., L. M. Farnham; Treas. and Comp¬
troller, A. N. Kemp.
Compare Domestic Gas Co., V. 87, p. 1666,and PacLight & Power Corp., V. 90, p. 703.
as
Standard
Milling Co.—New Mortgage.—The
filed with the State Auditor of Minnesota
for $12,000,000.
-
a
has
mortgage
company
new
.
A press
dispatch says that the mortgage covers, besides the Minneapolis,
properties, the company’s holdings at Buffalo, Syracuse and Lysander,
N. Y., Superior, Wis., and stock in many mills in the Northwest; $1,052,000
Hecker-Jones-Jewell Milling Co. of New Jersey 1st M. 6s and $1,000,000
Hecker-Jones-Jewell Milling stock.—V. 91, p. 1714.
Temple Iron Co.—Decree Filed.—The U. S. Circuit Court
Appeals at Philadelphia on Dec. 20 filed its decree in con¬
formity with the decision handed down on Dec. 8 in the socalled coal trust case.
See details in V. 91, p. 1547.
The
Government has announced its intention to appeal to the
Supreme Court from the denial of further judgment against
the railroads and other defendants.
The Temple Iron Co.
will also appeal.
of
The Temple company and the railroads controlling the same are en¬
joined from continuing the combination, which is adjudged to be illegal and,
from entering into any like combination in restraint of trade and commerce
among the several States in anthracite coal in violation of the Inter-State
Commerce Law.
The railroads are restrained from exercising any control
over the Temple company or
voting on their shares therein or collecting
dividends thereon, and the Temple company is enjoined from permitting
them to do so.
The decree contains the
following clause:
“Provided, that nothing herein contained shall be taken as preventing
and disposing of the
Northwest Coal Co.,
Edgerton Coal Co., Sterrick Creek Coal Co., Babylon Coal Co., Mount Look¬
out Coal Co., Forty-Fort Coal Co. and Lackawanna Coal Co., Ltd., acquired
by it as hereinbefore stated and found to have been acquired by it in vio¬
lation of the said Act of Congress to bona lide purchaser or purchasers,
not in privity with any of the defendants herein and not sustaining any
relation in Interest, direct or indirect, by trust or otherwise, to or with any
of said defendants, and distributing the remainder, if any, of the proceeds
thereof, after the payment of its bonded and other indebtedness, among
the holders of the capital stock of the said defendant, the said Temple
the said defendant, the Temple Iron Co., from selling
shares of tne capital stocks, assets and properties of the
Iron Co.
Pending the appeal of the company, it has been decided, it is stated, in
order to bring the company’s operations within the Circuit Court’s rulings,
to disassociate the coal and iron interests and manage each
separately.
E ch of the 15 collieries now operated by the Iron Company, but incor¬
porated separately, will be managed
as an individual organization, with its
set of officers.
Control remains in the same hands and ownership does
not pass from the Temple Iron Co., but management by the officers of the
own
Temple Iron Co. is to cease.
However, A. F. Law, who has resigned from
the vice-presidency of the Iron Company, but continues as Treasurer, be¬
the President of each of the separate operating companies, thus
representing the Iron Company as manager, of each.
The proposed plan
means that the coal business of the company will be carried on along lines
similar to that of the Lackawanna and other coal roads which separated
comes
their coal and railroad interests
cision.—V. 91, p. 1577.
as
a
result of the commodlties-clause de¬
1778
THE
CHRONICLE
Tennessee Coal, Iron & RR. Co.—Listed —The New York
[VOL.
LXXXXI
provided for that Issue, payable annually after the Issuance of the who’e
any part of this series.
Estimate of Earnings by J. C. McDowell, Pittsburgh, Sept. 26 1910.
Stock
Exchange has listed $2,710,000 additional general M.
5% bonds due 1951, making the total listed $7,082,000.
or
The proceeds of the $2,710,000 bonds listed were used to retire an
equal
amount of De Bardeleben Coal & Iron Co. 1st M. 6s due Feb. 1 1910.
Estimated sale of gas (cu. ft.)
7,000,000
10,000,000
15,000,000
Income at 12o. per 1,000
$290,000
$420,000
$630,000
Net earnings from operation
$140,720
$210,480
$322,000
Directors: H. Prentiss Taylor (Pres. H. P. Taylor & Co.), President;
Jas. Scott (Pres. Met. Tr. Co., Pittsburgh), Vice-Pres.; T. A. Gillespie,
N. Y. and Pittsb.; A. B. Cohn, Kane, Pa.; R. W.
Shotts, Leeper, Pa.;
Geo. B. Luper (Pres. Crawford Co. Tr. Co.), Meadville, Pa.; F. M. Lowry
(Vice-Pres. Dominion Nat. Gas Co.), Pittsburgh; Geo. T. Ladd, Pittsburgh.
A. Lawrence is Secretary and Treasurer.
Earnings for 10 Months ending Oct. 31 1910.
Net rects. after ordinary repairs & malnt., taxes & gen.
exp
$3,691,665
Allowance for exhaustion of minerals and gen. deprec. of plants.
685,974
Manufacturing and trading profits
Interest on bills receivable, investments, &c
Dividends on stocks owned
$3,005,691
Total Income
Deduct—Int. on bonds (Incl. guar, bonds) and bills payable
Interest on U. S. Steel Corporation loans..
Dividends preferred stock, 6%
$3,164,093
$645,831
140,383
18,019
490,004
7,470
1st
Year.
2d Year.
Later on.
Triumph Electric Co., Cincinnati, O.—Pref. Stock Offered.
—The Central Trust & Safe Deposit Co. and the Fifth-Third
Nat. Bank, Cincinnati, O., and W. E. Hutton & Co., Cin¬
cinnati and New York, have recently been
placing at par
Balance, surplus for 10 months
$2,020,788
The total undivided surplus Dec. 31 1909 was $1,555,845; adjustments
during 1910, $78,241; leaving total undivided surplus Oct. 31 1910 of
$3,498,392.—V. 90, p. 307.
($100 a share) $225,000 of the 6% cumulative pref. stock
(dividends Q.-J. 15) of this well known concern manufactur¬
ing electric motors, generators, ice and refrig, machinery.
Texas City (Tex.)
Allied to Texas City
6% cumulative preferred stock
Company.—Bonds Offered—Company
Transportation Co.—Peabody, Houghteling & Co., Chicago, are offering at par and int. $500,000
1st M. 6% serial gold bonds of the Texas City
Co., which is
controlled by the same interests as the Texas City Trans¬
portation Co.
A circular shows:
Bonds dated Nov. 1 1910.
Payable in semi-annual series from May 1
1911 to Nov. 1 1918, both Incl., $20,000 s.-a. In 1911, $50,000
s.-a/*May 1
1912; thereafter $35,000 s.-a., but redeemable in the reverse of their numeri¬
cal order on Nov. 1 1911 and annually thereafter at 102
>3 and int.
Par
$1,000 and $500 (c*).
Principal and semi-ann. int. payable at office of
P. H. & Co., Chicago.
Augustus S. Peabody is trustee.
These bonds are
secured by a closed first mtge. upon all the property now owned and here¬
after to be acquired by the Texas City Co., including 4,114 lots in townsite
of Texas City valued at $1,439,900: 770 acres of industrial sites valued at
$770,000, and 1,763 acres of adjoining real estate at $150 per acre, $264,450;
also improvements now being installed from proceeds of these
bonds, in¬
cluding steel fireproof office building, $49,000; hotel building, $50,000; sewer
system, $75,000; electric-lighting plant and distribution lines, $50,000;
water-works system, $100,000; also cash and good accounts
receivable,
$90,000; total assets, $2,888,350.
•
•
•
The Texas City Co. is owned by the same strong interests that owniand
control the Texas City Transportation Co. and the Texas
City Terminal Co.
The present terminals are capable of handling
over 1,000,000 tons of freight
per annum, and this capacity will be greatly increased by the construction
of additional facilities In the immediate future.
The Texas City Refining
Co., with a daily capacity of 2,000 barrels of refined oil, and the Federal
Cement & Tile Co. are now in actual operation, and the Texas Cotton Seed
Co. is installing a large plant for the
dellnting and crushing of cotton seed
and the manufacture of cotton-seed cake and meal.
A large sugar refining
plant and several other important industries are inimmediatecontemplation.
The large number of applications for industrial sites, the enormous in¬
crease in the tonnage of the port and the
development of the town from a
mere hamlet to a city of 3,000
people within a few years has compelled the
Texas City Co. to take immediate steps for the installation of
municipal
improvements of the most modern type.
The proceeds of these bonds
will be immediately utilized in building streets, sidewalks and
sewers, in
the installation of a complete water-works system,
electric-light plant and
distribution lines, a steel fireproof office building in the centre of the
city
for the accommodation of banks, &c., and an attractive hotel
building on
the bay front for the accommodation of tourists and visitors from the
interior
States, who visit the Gulf Coast in large numbers.
The proceeds from all land sales and rentals and other income of
every
sort will be deposited with Peabody,
Houghteling & Co., to be applied by
them in the payment of all operating expenses, taxes and
insurance, and in
the payment of interest and principal of these bonds.
No dividends will
be paid to stockholders until all these bonds have been
retired, and Peabody,
Houghteling & Co. may, at their discretion, use any surplus funds remain¬
ing at the end of any year in retiring the bonds in the reverse of their
numerical order at 102 H and interest.
During the period from Jan. 24 1910
to Sept. 30 1910 the company sold 209 lots for
$103,204, or at an average
price per lot of $493, without any special effort on the company’s part.
The company now has a well organized land
selling department and its in¬
come from this source alone should be
materially Increased in cthe imme¬
diate future.
(Compare V. 90, p. 563; V. 91, p. 341.)
Textile Mills Corporation, New Orleans.—Sold at Auction.
The Lane Mills and the Maginnis Mills in New Orleans were
sold on July 30 by Special Master William Grant under order
of the U. S. Circuit Court for the Southern District of Miss,
(rendered June 2 and amended June 25), and
were
bought in by John H. Fulton, Vice- Pres, of the Commercial
National Bank of New Orleans (acting for holders of 2d M.
bonds), for about $77,000.
The
Wesson Mills, located at Wesson, Miss., were similarly sold on
Aug. 5 and were bid In for $250 by S. Odenhelmer, agent for the second
mortgage bondholders “with the understanding that the purchaser would
assume the first mortgage indebtedness, which amounts to about
$300,000.”
The total bonded debt was said to be $1,680,000, of which
$600,000 was
2d M. (V. 84, p. 453).
The 1st M. bonds included with others $313,000
Lane Mills gold 5s dated 1904 and due March 1919, and
$362,000 Maginnis
Mills 5s, dated 1905 and due March 1925, int. J. & J.
The Lane Cotton Mills Co., New Orleans, was lncorp. on or about Nov. 5
with $900,000 capital stock [half preferred and half common]
and on Nov. 9
placed the Lane mill in operation manufacturing denims and fabrics for
workingmen’s wear.
S. Odenhelmer is Pres.; Maurice Stern, Vice-Pres.,
and H. T. Howard, Secretary-Treasurer.—V. 90,
p. 981.
Tri-County Natural Gas Co., Pittsburgh.—Bonds Offered.
Pittsburgh, are receiving
subscriptions for $600,000 series A bonds at 100 and int.,
offering, subject to the conditions of the subscription agree¬
—H. P. Taylor & Co., N. Y. and
a bonus of 50% in stock.
A circular shows:
1st M. 6% redeemable sinking fund gold bonds, free from tax in
Penna.,
dated Nov. 1 1910 and due Nov. 1 1922, but callable In numerical order at
110 and int. on any int. period.
Par $100, $500 and $1,000.
[Trustee,
Fidelity Title & Trust Co., Pittsb. Total auth., “A,” $600,000 ”B.”
ment,
$400,000—Ed.]
Incorporated in Pa. April 5 1910 and Is the successor, by purchase, of
individuals, partnerships and corporations which have been producing gas
for several years for a limited local consumption.
The company owns
and controls (by lease, &c.—Ed.) upwards of 17,000 acres of
gas territory,
situated in Clarion, Forest and Elk counties, Pa., ranging from Beaver
Township, Clarion County, on the southwest, to the corner of McKean
County on the norhteast, a distance of approximately 40 miles, and about
5 miles wide.
There are at present 61 gas wells,with an open-flow capacity
of
approximately 20,000,000 cu. ft., with room for a greatly increased
production by further drilling.
The pipe line will consist of approximately
37 H miles of 10-inch, 3 miles 6-In., 30 miles 4-in., 14 miles 3-in. and 5 miles
2-In. pipe, with compressing station and plant capable of
delivering 10,000,000 cu. ft. per day, at the required pressure.
Said pipe line will extend
through the centre of at least 100,000 acres of gas territory. The capacity
of the pipe line can be increased to 15,000,000 cu. ft.
per day by compara¬
tively inexpensive additions to the compressor plant.
The capital stock is $1,200,000, fully paid, par $100 per share, all de¬
posited with three trustees for eight years under a “voting trust agreement.”
The mortgage securing $600,000 series A bonds provides for a minimum
sinking fund of $50,000, beginning Nov. 1 1912, and each year thereafter,
which shall be used for the retirement of bonds. The mortgage further pro¬
vides that the proceeds from the sale of the $400,000 series B bonds, re¬
maining in the treasury, shall be used only for the acquisition of new gas
properties, extensions of plants and improvements at 85% of the cost of the
same.
An additional sinking fund of 10% of series B bonds outstanding is
Condensed Extracts from Circular.
Capitalization—
Authorized.
Outstand’g.
$275,000
$500,000
Common stock
750,000
540,000
Of this $275,000 pref. stock, only $48,300 is now
outstanding; the re¬
maining amount is now offered for sale and the proceeds will be used to
liquidate the notes payable Incurred in erecting the new plant.
Strong Features.—(1) No mortgage can be made nor further pref. stock
Issued without consent of 75% of preferred stock
outstanding.
(2) Pre¬
ferred, both as to assets and dividends, and accumulative.
In case of de¬
fault on the pref. dividend, the entire voting power vests In
pref stock
until the default is remedied.
(3) No dividends on common stock unless
the surplus account exceeds three years’ dividends on pref. stock outstand¬
ing (the surplus June 30 1910, $131,575, was equal to 48% on the $275,000
pref.): nor until $5,000 Is paid from the earnings each year to Cent. Tr. &
Safe Den. Co., as trustee, as a fund to ensure the payment of future
pref.
dividends, the same to be Invested with accretions and such payments to
be continued until there shall have
been set aside an amount equal
to three years’ dividends on the pref. stock.
(4) Modern plant with
steadily increasing demand for product at home and abroad.
(5) The
management owns practically the entire common stock.
(6) Patents and
good-will not capitalized.
(7) Net profits available for pref. dividends
have averaged for last ten years $41,971. although during nine years of this
period the company occupied its old Inadequate quarters.
(8) After liqui¬
dating the notes payable with the proceeds of the pref. stock now offered,
the net quick assets will be $481,415 and total net assets $892,541.
(9) The
net quick assets at all times to be in excess of pref. stock
outstanding.
Founded in 1889.
In 1907, having outgrown Its quarters, purchased
8 H acres at Oakley, a suburb of Cincinnati, and on this site has erected
a modern
manufacturing plant; main building 300 ft. long. 140 ft. wide
and three stories high, with a centre bay open to roof and
spanned by a
25-ton traveling crane, with a 5-ton auxiliary hoist and other modern con¬
veniences: adjoining building 240 ft. long by 60 ft. wide for pipe department,
blacksmith shop and brass foundry
B. & O. S. W. Ry. swtehes run into
the various buildings, and the Penn. RR. and N. & W. Ry. are
only about
Yi mile distant.
In conlunction with four neighboring factories, a $150,000
power plant (Factory Power Co.—Ed.) has been erected, which supplies
light, heat, power, compressed air and water to each factory at cost.
Statement of Earnings Yearly Average for Ten Years ended Jan. 31 1901.,
Net sales, after deducting allowances and unfinished contracts
$443,909
Less mfg. cost, gen. exp., repairs, depreciation of equlpt., &c
343,115
Gross profit from manufacturing
100,794
Selling expense ($47,606) and commercial expense ($11,217)
58,823
Net profit from operations
$41,971
Balance Sheet June 30 1910.
Assets ($975,912) —
Liabilities ($975,912) —
Cash
$6,506 Notes payable
$193,666
Notes and accts. receivable- 146,196 Accounts payable
83,371
Materials ($127,613) deprod- 332,676 Common stock outstanding, 540,000
Insurance, &c., paid inadv.
13,475 Pref. stock outstanding
27,300
Real estate ($17,618) Apiant 445,760 Reserves
53,556
Fac.Pow.Co. ($30,000), &c.
31,300 Surplus
78,019
__
Directors.—Wm. N. Hobart, Pres.; Edward Rawson, Vice-Pres
C. Hobart, Sec.: Lowell F. Hobart. W. E. Hutton.
United
James
Illuminating Co., New Haven, Conn.—New Stock.
—The shareholders
having voted to increase the authorized
capital stock from $1,500,000 to $2,000,000, stockholders
of record Dec. 28 are offered the right to subscribe for $300,000 of the new stock at par on or before Jan. 20 to the extent
of one share for every five now held.
Subscriptions are pay¬
able in 25% installments, April 1 and Oct. 1911 and 1912.
The proceeds will be used for extensions and additions.
The stockholders
have also approved purchase of Fairfield Light & Power Co.—V. 87, p. 1667
United States Playing Card Co., Cincinnati and New York.
—Increase of Dividend.—With reference to the quarterly
dividend at the increased annual
rate of 2*4%> declared
payable Jan. 1, we are informed that the same applies on the
outstanding capital of $3,012,000 and not on $3,600,000.—
Y. 91, p. 1715.
United States
Stock Offered to
Steel Corporation.—Employees’ BonusEmployees.—The annual bonus based on
earnings, offered to officers and employees for meritorious
service, amounts this year to about $2,700,000, payable 60%
in common stock at $70 a share, and 40% in cash.
The
facts (1) as to this bonus, and (2) as to the employees’ right
to subscribe for stock under the
deferred-payment plan are
(1) Annual Bonus—
1910.
Amount, about
In
$2,700,000
stock-_60% at 70
1909.
1908.
$2,000,000
$1,500,000
50% at 50
[40% at 90; or
40% pref. at 124
In cash
40%
60%
50%"'"
(2) Right to Subscribe—
Common, about
*2,500,000 at 70
None
1,500,000 at 50
Preferred, about
*2,500,000 at 114 2,500,000 at 124 1,800,000 at 110
*
These, it is rumored, will be about the amounts.—V. 91, p. 1636, 1517.
common
Watertown (S. D.) Water Co.—Bonds Called.—Bonds
Nos. 26 and 176 are called for payment at the Empire Trust
Co., N. Y. City,
on Jan. 1 1911.
formed late In 1908 by Watertown men, and, having
acquired a 10-year franchise, took over the water-works property of the
old Watertown Water, Power & Light (compare V. 91, p. 468), the water
being pumped from Lake Kampeska, a distance of 4 miles.
The company was
Weed Lumber Co., San Francisco and Weed, Cal.—Bonds
Offered.—Clark L. Poole & Co., Chicago, offered on Dec. 22
at par and int., to net 6% income, the entire authorized issue
of $1,200,000 1st M. 6% serial gold bonds.
A circular
savs in substance:
This issue of bonds Is the direct obligation of one of the
largest manu¬
facturers of pine lumber, sash, doors and boxes on the Pacific
Coast, and it
is secured by a first mortgage on 800,182,000 ft. of California white
pine
t'mber, 50,000 acres owned In fee and about 3,500 acres of long-term timber
deeds located in Siskiyou Co., Cal.:
complete
sawmill,
sash
and doer plant
and box factory costing $1,250,000, and on the entire townsite of
with all buildings,
dwellings, dec.
Weed,
j**
Dec. 3l
1910.]
THE CHRONICLE
The company has been established for many years; it is largely owned
by George X. Wendling, President, and S. O. Johnson, Vice-President, who
are lumbermen of large wealth and with 15 to 20 years’ successful experi¬
ence in the lumber business.
The mill properties are located on the main
line of the Southern Pacific Ry. at Weed, Cal., and the timber lands are
completely intersected by the California Northeastern Ry., a branch of the
Southern Pacific, and which, it Is understood, will eventually be made the
main line from San Francisco to Portland.
The capacity of the two saw¬
mills is 75,000,000 ft. annually.
The sash and door plant and box factory
is capable of manufacturing Into the finished product—sash, doors and box
shook—100,000,000 ft. of lumber annually, or more than the entire out¬
put of the two sawmills.
Balance Sheet July 31 1910 (Compiled by Price, Waterhouse & Co.).
Liabilities ($4,491,914) —
Assets ($4,491,914) —
Timber lands and contracts
Capital stock
$1,950,000
at $2 50 per 1,000 ft...$2,121,477 Notes payable
488,246
Accounts
Mills,
logging railroads,
payable
203,466
townsite, &c
1,279,782 Int. and taxes not due
16,317
Inventories
657,551 Bonds (see below)
437,500
Aocts.rec. (lessres’ve, &c.)
194,306 Reserve for depreciation.
232,777
Cash advances, invest.,&c.
212,122 Surplus
1,163,608
Insurance premium unexp.
15,421
_
Cash to redeem bonds
11,255
The proceeds of this bond issue will be used to pay off all indebtedness,
Including the bond issue mentioned in the above financial statement, and
will leave the company with over $1,000,000 of quick assets.
The new bonds are issued under a mortgage made to the First Trust &
Savings Bank and Emile K. Boisot, Chicago, trustees.
The company must
deposit with the trustee $2 50 per 1,000 ft., log scale, for all timber cut.
This deposit will operate to pay off the entire bond issue when about 60%
of the outstanding timber has been cut.
Bonds dated Oct. 1 1910 and due $50,000 semi-annually from May 1 1911
to Nov. 1 1922, both incl., but callable, all or any, at any Interest period
on 60 days’ notice, at 102 y2 and int.
Par $500 and $l,000c*.
Westinghouse Machine Co., Pittsburgh.—Plan Approved.
—Helders of over 95% of the $6,473,000 3-year 6% col¬
lateral notes due Jan. 1 1911 have approved the plan of the
creditors’ committee submitted Dec. 1 for extending the
issue for three years upon substitution as collateral of new
30-year 6% mtge. bonds at 90% of their par value, part of an
$8,200,000.—V. 91, p. 1518, 1636, 1715.
Wheeling (Va.) Mold & Foundry Co.—Dividends Re¬
sumed.—A dividend of 2% (reported as quarterly) has been
declared on the $500,000 stock, the first since the 2% quar¬
terly distribution paid in Jan. 1908. Compare V. 91. p.
342; V. 84, p. 280, 108.
Whipple Car Co.—Bonds Offered.—The Western Trust &
Savings Bank (the trustee), Chicago, has recently been plac¬
ing $288,000 5^% gold car trust bonds of this Maine cor¬
poration. Dated Feb. 1 1911, but due in monthly install¬
ments from July 1 1911 to March 1 1916, $5,000 monthly
except the last payment, $8,000. Int. F. & A. at office of
said trustee and at Chase Nat. Bank, N. Y.
A circular says:
issue of about
The company owns the New York Dispatch Refrigerator Line, operated
the New York Chicago & St. Louis and West Shore railroads from
Chicago and points west to New York City, and the National Despatch
Refrigerator Line, operating over the Grand Trunk and Boston & Maine
railroads from Chicago and points west to New England.
Net resources
of $1,024,392 above ail liabilities.
Net average earnings for the past five
years of $165,861.
These bonds are specially secured by a first and only
lien upon 300 steel underframe refrigerator cars, costing $360,000.
over
—The New York Stock Exchange house of Bertron, Gris& Jenks of New York and Philadelphia to-day adver¬
tise in the “Chronicle,”0and offer for investment with the
com
highest recommendation, the bonds of five public service
corporations which will return the investor an income of
5% to 5.75%. The companies whose bonds are thus offered
are operated by experts connected with the firm’s
organi¬
zation, ensuring efficient and economical management.
The firm states that they are specialists in that class of bonds
and are not simply bond merchants, but own and operate
the companies, and consequently can offer a carefully se¬
lected list of public service corporation bonds to yield a
higher return than those usually offered to investors. As
evidence of the growth in popularity of this class of bonds,
Bertron, Griscom & Jenks call attention in their advertise¬
ment to a recent report of the Comptroller of the U. S.
Treasury stating that the banking institutions of the country
held on June 30 1910 public service corporation bonds
amounting to $492,900,000, an increase of $23,017,668 over
those of 1909.
—As is usual at this time of the year, N. W. Harris & Co.,
bankers of this city, advertise on another page an attractive
list of January investments which are suitable for the re¬
quirements of private investors, banking institutions and
The selection offered by the firm includes 28 bonds
of the highest class of railroad, corporation and municipal
The interest yield to the investor ranges from
securities.
3.90% to 5.30%. The firm invites correspondence in regard
to these bonds, and will also be" glad to furnish detailed
estates.
information on over 200 other bond issues for investment.
Address the home office of N. W. Harris & Co., Pine Street,
corner of William, New York
City, or the branch office,
35 Federal St., Boston, or the bond department of the Harris
Trust & Savings Bank, Chicago.
—W. E. Hutton & Co. will occupy next week their hand¬
some
banking offices at the corner of Wall and Broad
George D. Baker and W. D. Hutton are the New
new
streets.
York members of this old established bond and Stock Ex¬
change house, Mr. Hutton being the firm’s representative
the Exchange.
Mr. Baker until a few years ago was
manager of Isidore Newman & Co.’s office at 25 Broad Street,
and upon this firm’s retirement from New York the business
on
turned over to him and in turn transferred to W. E.
Hutton & Co. when he became a partner.
Hunter Wykes,
was
formerly of the firm of Street, Wykes & Co., is the new
manager of the New York office of W. E. Hutton & Co.
—The firm of John H. Wrenn & Co. of Chicago will be
dissolved on Jan. 1, its business being taken over by King,
The dissolving firm was established about
Farnum & Co.
forty years ago; its name has several times been changed,
and
was
ners
are
1770
originally Ullmann & Wrenn. The present part¬
John H. Wrenn, Lawrence Newman and Walter
B. Smith.
Mr. Wrenn, who is in poor health, is said to have
made known some time ago his intention to retire at this
time.
King, Farnum & Co. will remove from their present
quarters in the Corn Exchange Building to the offices of
Wrenn & Co. in the Rookery Building.
—J. S. Farlee & Co., at 11 Wall St., New York, and the
Conn. Mutual Life Bldg., Hartford, Conn., are desirous of
dealing with investors or brokers in the seven bonds and
stocks which they advertise to buy or sell in to-day’s issue.
Two of these items are Fourth National Bank and Fidelity
Trust Co. stocks.
J. S. Farlee & Co., established in 1882,
are members of the New York Stock
Exchange and always
have securities for conservative investment on hand.
The
senior member of the firm, J. S. Farlee, has just completed
his 38th year of business in Wall Street.
Henry L. Finch
and Wilbur S. Tarbell are his associate partners.
—The new Stock Exchange firm of
Co. has been organized and will open
Hirsch, Lillienthal &
offices at 115 Broad¬
way on Jan. 3.
The firm is composed of Charles S. Hirsch,
member of the N. Y. Stock Exchange, also a director and
member of the executive committee of the International
Steam Pump Co. and formerly President of the HirschLumber Co. and the Yellow Pine Exchange; Joseph L. Lillienthal,
at present a member of the firm of IT. P. Goldschmidt &Co.,
and Theodore Bernstern, hitherto associated with J. S.
Bache & Co.
The new firm will transact a general stock
exchange and investment business.
—Our readers can conveniently ascertain where most of
the Jan. 1 interest coupons and dividends are paid by perus¬
ing the advertising columns of this week’s issue of the
“Chronicle.”
The largest disbursers of these coupons and
dividends are following previous custom by advertising the
payments prominently in the “Chronicle.” Some of these
advertisers are:
N.'W. Harris & Co., Kountze Brothers,
Winslow, Lanier & Co., the United States Mortgage & Trust
Co., the Central Trust Co., the Trust Co. of America, the
Farmers’ Loan & Trust Co., the New York Trust Co., &c.,&c.
—C. E. Denison & Co., of 4 Post Office Square, Boston,
and Guardian Bldg., Cleveland, O., are to-day advertising
a selected list of bonds in this issue.
Upon request a de¬
scriptive circular will be mailed. The bonds this concern
has to offer are conveniently grouped in this circular to show
in what States they are legal investments for savings
banks.
This exacting requirement makes them, at the
prices quoted, an attractive investment for conservative
private investors, savings banks, trustees and guardians.
—We have received proof sheets of Messrs. Sanford &
Kelley’s annual review of the manufacturing and general
business of New Bedford, Mass., for the year 1910.
This
annual circular, besides giving a review of the year’s busi¬
ness, contains
information as to dividends, range of
prices, &c., for New Bedford mills, banks and miscellaneous
corporations. Messrs. Sanford & Kelley, 21 Pleasant St.,
Newr Bedford, make a specialty of dealing in the securities
of all local companies.
—“What Constitutes
a
Good Investment?” is the title of
a
neat
pocket brochure issued by the Publicity Department of
the Guaranty Trust Co. of this city.
Inside of its 14 pages
there are many useful hints of value to both the inexperienced
and experienced investor.
Free copies may be had on appli¬
cation.
Address F. W. Ellswnrth, Manager of the Publicity
Department, Guaranty Trust Co., 28 Nassau St., New York
—January 9 being tax-day in New York State, Plympton,
Gardiner & Co. are offering on another page a list of bonds
which, under recently-enacted legislation, can be made ex¬
empt from all further personal tax by the payment of
only $5 per bond. Full information in regard to this proced¬
ure, and also details of the security of each issue, will be
given upon request.
—Porter, Fishback & Co., Chicago, invite attention to
their offerings of first mortgage bonds to net the investor
above 5% and in some cases above 6%.
The Harlingen
Land & Water Co. 6% bonds referred to in the advertise¬
ment were described in the “Chronicle” issue of May 14,
page 1298.
—Investors seeking a good investment will be interested
in the bond offering advertised on another page to-day by
the firm of Francis Ralston Welsh, investment bond dealer,
at 109-111 South Fourth St., Philadelphia.
See advertise¬
ment for details and
our
“General Investment News” de¬
partment for further particulars of this property.
—At 100 and interest White, Weld & Co. of 5 Nassau St.,
New York, and the Rookery, Chicago, are offering the unsold
balance of $1,250,000 Calumet & South Chicago Ry. Co. 1st
mortgage rehabilitation gold 5% bonds, due 1927. For
particulars as to the security, property and earnings, see the
advertisement elsewhere in the “Chronicle.”
—The
banking house of Clark, Dodge & Co., 51 Wall St.,
offering for January investment five very choice issues of
bonds, which will yield the investor from 3.77 to 4.43%.
Full details will be furnished upon request.
—Attention is called to the list of Western municipal
bonds advertised on another page by Thomas J. Bolger Co.,
Chicago. Full particulars regarding any of the issues will
be sent on application.
is
1780
THE CHRONICLE
COMMERCIAL EPITOME.
Friday Night, Dec. 30 1910.
The trade of the country continues to mark
time, the
general sentiment, in other words, still being conservative.
Iron, steel and other metal trades are in fact dull. Build¬
ing operations in some leading cities are on a noticeably
smaller scale than a year ago.
On the other hand, the
country is enjoying the fruits of good crops, for which liberal
prices are being received.
LARD on the spot has declined moderately,
owing to
depression in the market for futures at the West,.increased
arrivals of live hogs at some decline in
prices and dulness of
trade.
Prime Western 11c., Middle Western 10.95c. and
City, steam, lQ}4c. Refined lard has been fairly active
and firm with offerings light.
Refined Continent 11.40c.,
South America 11.90c. and Brazil in kegs 12.90c.
Specu¬
lation in lard futures here in New York has been at a stand¬
still.
At the West the speculation has been active with
prices irregular, but of late the tendency has been down¬
ward, owing to a larger movement of live hogs to market,
selling by prominent packers and liquidation by recent buy¬
ers.
Short interest has apparently been largely eliminated.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW
YORK.
Sal.
Mon.
Tues.
Wed.
Thurs.
Fri.
January delivery.
11.05
Holi11.00
10.70
10.60
10.50
May delivery
10.74
day
10.60
10.45
10.40
10.45
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sal.
Mon.
Tues.
Wed.
Thurs. ■ Fri.
January delivery
10.80
10.40
Holi10.70
10.42 H 10.42 H
May delivery
10.37H
day
10.35
10.07^ 10.15
10.15
PORK on the spot has been quiet and steady.
Mess
$21 50@$22, clear $20@$22 and family $23@$24 50.
Beef
has been quiet and steady; mess $14 50@$15;
packet $16@
$16 50; family $17 50@$18 50 and extra India mess $30.
Cut meats have ruled steady with trade dull; pickled hams,
regular, llj^@14c.; pickled bellies, clear, 143^@17^c.,
and pickled ribs 13%t@1534c*
Tallow has been dull and
steady at 7J^c. for City. Stearines have been quiet and
firm; oleo 9;h£@9%c. and lard 12@12}^c. Butter has been
in moderate demand and steady; creamery extras
293^@30c.
Cheese quiet and steady; State, whole milk, colored or white,
Sept, fancy, 153^c. Eggs dull and easy; Western firsts 33@
34c.
OIL.—Linseed has been dull but firm, owing to small
supplies of seed. City, raw, American seed, 90@91c.;
boiled 91@92c.; Calcutta, raw, $1.
Cotton seed has been
in fair demand and generally steady; winter 7.75@7.90c.;
summer white 7.40@7.75c.
Cocoanut has been quiet and
slightly easier, owing to some increase in stocks; Cochin
1034@10%c.; Ceylon 934@9.30c. Olive has been quiet
and steady at 90@95c.
Corn has been moderately active
and steady at 6.85@6.90c.; car loads 6.85c., 20
days ship¬
ment.
Lard has b:en quiet and firm; prime 95c.@$1; No. 1
extra 65@70c.
Cod has been in moderate demand and
steady; domestic 53@55c.; Newfoundland 55@58c.
COFFEE on the spot has been quiet and easier.
Rio No. 7
13M@13%c.; Santos No. 4, 13M@13J^c. West India
growths have been quiet and generally steady; fair to good
Cucuta, 14%@14}<£c. The speculation in future contracts
has been less active and prices have moved
irregularly within
narrow
limits.
Of late the trend of the market has been
upward in the main, however, owing to unfavorable crop
reports from Brazil, bullish reports from that country re¬
garding the spot situation and buying here by trade interests.
On all bulges, however, liquidation has been noticeable for
local and outside account.
Closing prices were as follows:
December
January
April
February
11.20c. May
11.25c. June
March
11.32c.
July
11.22c. August
11.14c. September
11.09c. October
11.05c. November
SUGAR.—-Raw has been quiet and steady.
96-degrees
11.00c.
10.95c.
10.85c.
10.82c.
Trade has been
of Connecticut
for
domestic
leaf
have
ruled
firm.
quiet and limited chiefly to small purchases
and Pennsylvania leaf.
There is still a
disposition to look for an improvement in business after the
turn of the year.
Havana and Sumatra quiet and firm.
COPPER has been weak in tone, though without quoted
change. Lake 12^@12%c.; electrolytic 123^@12.60c.;
casting 12i^@12^8C. It is reported that sales have been
made in Europe at equal to 12.55c., net f.o.b. New York,
for electrolytic.
Lead has been dull and steady at 4.45@
4.55c.
Spelter has been weaker at 4.40 @4.47 ^c. Tin
has been quiet and easier; spot 38.123^c.
Iron has been
quiet and steady; No. 1 Northern $15 25@$15 75; No. 2
Southern
$15 25@$15 50.
Finished material has been
quiet with some descriptions weaker.
COTTON.
Friday Night, Dec. 30 1910.
as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening, the total receipts have reached
298,664 bales, against 361,069 bales last week and 417,201
bales the previous week, making the total receipts since
Sept. 1 1910 5,993,568 bales, against 5,079,271 bales
for the same period of 1909, showing an increase since Sept. 1
1910 of 924,297 bales.
THE MOVEMENT OF THE CROP
.
Receipts at—
Sat.
Galveston
Tues.
Wed.
10,391
23,744
16,509
11,115
9,489
40
18,636
3,113
1,869
i5
3,105
13,338
Port Arthur
Texas City, &c_
New Orleans
Gulfport
Mon.
Fri.
Total.
14,750
11,723
90,455-
16,675
2,000
12,681
3,836
2,150
68,636
3,836
12,012
10,205
Thurs.
_
150
_
__
-
Mobile
Pensacola
.
-
_
_
_
_
.
775
Savannah
_
2,145
Norfolk
5,521
19,527
8,638
'
1,462
_
Georgetown
Wilmington
968
193
9,104
_
717
1,593
10,205
Jacksonville, &c.
Brunswick
Charleston
1, G
1,350
588
4,237
7,359
1,900
47,777
9,359
7,454
4,070
6,689
1,526
4,761
1,080
1,707
12,397
25,100
16
97
167
281
689
444
6,271
2,000
2,154
_;
.
_
_
_
530
3,046
6,422
.
N’port News, &c.
’
New York
Boston
Baltimore
50
647
_
428
242
2,173
5,598
5,598
Philadelphia
—
Totals this week.
50
50
41,039
71,148
—
57,475
26,766
100
—
—
53,808 298,664
48,428
The following shows the week’s total receipts, the
since Sept. 1 1910, and the stocks to-night,compared
last year:
1910.
19Q9.
total
with
Stock.
Receipts to
Dec. 30.
This
week.
Galveston.
Port Arthur
Texas Citv, &c
New Orleans
.
90,455 2,059,389
94,921
2,150
200,876
68,636
947,434
3,836
12,325
12;012
188,886
68,649
10,205
968
16,651
47,777 1,111,070
9,359
169,450
7,454
246,672
_
_
_
176,380
723
51.651
191,455
2,941
45,568
116,950
22,846
33,710
22,490
40,725
289,989
1,801
10,402
10,548
152,707
6,005
13,217
2,425
298,664 5,993,568 170,789 5,069,271 1,156,092
809,671
.
Charleston
784
7,283
12,345
1,436
5,598
333,639
441,924
2,784
4,200
22,592
71,258
270,663
368,694
10,519
3,273
4,715
39,636
100
150
N’port News, &c
New York
Boston
Baltimore
29.478
75
12,397
25,100
Norfolk
1.747
19,617 1,104,149
450
189,609
4,646
186,846
698
_
444
2,173
Philadelphia
Total..
63,392 1,780,243
11,926
80,453
1,237
25,771
37,385
705,995
7,981
4,058
169,343
512
90,492
1909.
4,184
63,117
Savannah
Brunswick
_
1910.
221,363
Jacksonville, &e_
Georgetown
Wilmington
Since Sep
1 1909.
171,841
.
Gulfport
Mobile
Pensacola
This
week.
258,168
__
.
Since Sep
1 1910.
270
28
4,382
627
—
21,241
33,316
In order that
we
comparison may be made with other years,
give below the totals at leading.ports for six seasons:
Receipts at—
1910.
Galveston
Pt. Arthur,&c.
New Orleans.
Mobile
Savannah
Brunswick
1909.
90,455
2,150
68,636
12,012
47,777
9,359
7,454
12,397
25,100
Charleston, &c
Wilmington.
63,392
13,163
37,385
4,058
19,617
450
23,324
4,721
7,2$3
12,345
1,436
6,939
298,664
170,789
_
Norfolk
N’port N., &c
All others
Total this wk.
1908.
1907.
1906.
27,702
10,492
2,236
7,717
14,894
115,993
8,289
107,341
7,105
33,184
23,649
2,826
5,842
17,316
113,812
17,722
89,834
8,671
41,783
24,251
18,398
1,752
5,516
17,564
3,768
9,006
262,772
340,240
311,945
99,422
2,481
69,137
8,440
45,859
3,985
39,405
2,887
21,514
11,389
1,259
2,181
7,928
‘2,487
297
Since Sept. 1. 5,993,568 5,069,271 6,254,155 5,102,306
1905.
526
9,434
146,367
6,069,98815,200,840
—-t
The exports
for the week ending this evening reach a total
of 249,383 bales, of which 106,266 were to Great Britain,
62,097 to France and 81,020 to the rest of the Continent.
Below are the exports for the week and since Sept. I 1910.
Centrifugal,
test, 3.983^c.; muscovado, 89-degrees test,
3.483^c. and molasses, 89-degrees test, 3.23J^c. Refined
has been quiet and steady.Granulated 4.80c. Teas have
been quiet and firm.
Spices have been in moderate demand
and generally firm.
Hops strong with an increased trade.
PETROLEUM.—Prices have been steady with trade quiet.
Refined barrels 7.40c.; bulk 3.90c. and cases 8.90c.
Gaso¬
line has been firm and moderately active; 86-degrees in 100gallon drums, 18%c.; drums, $8 50 extra. Naphtha has
been in fair demand and steady; 73@76-degrees in 100gallon drums, 16drums, $8 50 extra. Spirits of tur¬
pentine has been dull but firmer at 80^c. Rosin has been
quiet but firmer; common to good strained $6 15.
TOBACCO.—Prices
LXXXXI
■
£hc (Famine mat Jhmcs,
[VOL
I Week, ending Dec. 30 1910.
i
Exported to—
Exports
from—
Great
1
| Conti-
Britain.'Fr'nce\
Galveston
Port Arthur.
Texas City, &c.
New Orleans..
Mobile
Pensacola
8,05213,547
From Sept. 1 1910 to Dec. 30 1910.
Exported to—
Great
Total.
20,410
42,009,
1
.
Gulfport
..
Savannah
Brunswick
Charleston
41,600 26,290
6,700 3,300
10,205
4,516 3,625
26,097 4,250
6,339
.
—
.
26,412 94,302
10,000
10,205
8,141
9,840 40,187,
5,196 11,535
.
Wilmington
—
11,323
11,323
Norfolk
i
■
Newport News
7,941
New York
Boston
Baltimore
880
2.820
3,273
11,641
5,021
3,273
100
100
750
896
750
896
5,021
Philadelphia
Portland, Me..
..
.
—
-
_
Conti-
1
Britain. 1 France.
nent.
713,794 207,545
15,559 25,789
150,805 13,262
465,438 84,394
38,010 18,711
32,633 20,443
4,516
3,625
233,044 69,660
80,485
10,949
9,900
113,543 32,015
10,400
615,800 1,537,199
53,573
94,921
9,450
173,517
166,504 716,336
35,296
92,017
15,675
68,751
8,141
268,537 571,241
57,484
137,969
70,451
91,300
151,260 296,818
1,448
11,848
183,205
70,997
10,217
30,582
101,661
5,313
39,328
2,428
336,169
76,310
52,749
33,010
30,501
19,604
7,335
30,501
19,604
7,335
400
400
51,303
3,204
_
_
.
Portland, Ore.
Total
Total 1909
Total.
.
-
San Francisco.
Seattle
Tacoma
Pembina
Detroit.
nent.
—
-----
—
”"500
'106,26662,097
500
81.020|249,383 2,164,677|539,851 1,652,108 4,356,636
1 40,350 24,7511101.069166,1701,401,978 717,726 1,581’9783,701,682
In addition to above
exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
„
.
Dec. 311910.
On
Shipboard, Not Cleared Jor—
Dec. 30 at—
Great
Britain. France
New Orleans.^
Galveston
Savannah
Charleston.
Mobile
Norfolk
New York
Other ports
w__
Total 1910..
Total 1909..
Total 1908..
2,857
26,192
9,600
19,820
42,316
7,150
2,000
12,513
3,000
1,500
9,000
10,665
Ger¬
Other
many.
Foreign
16,837 260,757
52,998 196,942
12,603 241,596
895,335
612,729
829,104
1,200
49,314 49,008
23,058 33,164
31,044 104,584
prices at
past week have been as follows:
33,722
—
....
48,299
30,665
28,056
FUTURES.—The highest, lowest and closing
New York the
Total.
176,426
131,436
173,605
39,568
32,039
21,350
287,189
3,500
7,200
10,000
Stock.
177
44,937
5,000 126,732
1,100 17,850
500
6,000
700
31,078
9,360 12,360
2,800
19,000
'
—
Leaving
Coast¬
wise.
12,922
34,177
9,161
19,047
100
97,299
57,057
65,309
1781
THE CHRONICLE
i
Speculation in cotton for future delivery has been of mod¬
proportions at gradually declining prices, owing prin¬
cipally to the continuance of large receipts at the ports and
erate
interior towns.
These have had more effect from the
fact that predictions have been heard for weeks past that
the movement was about to diminish sharply.
Trade in
this country is still reported in an unsatisfactory condition.
Fall River’s weekly sales of print cloths are small and talk
is becoming more frequently heard of curtailment of pro¬
duction in New England, if not elsewhere, in the early part
of 1911.
Whatever foreign spinners may be doing, the
mills in this country are said to be buying in the most sparing
Furthermore, rumors have been rife of late that the
ginning report, expected Jan. 10, will show figures per¬
haps considerably larger than the generality of people have
been anticipating.
This of itself has caused not a little
selling. Another depressing factor was the continued dulness of the speculation and the apparently overbought con¬
dition of the market.
This resulted in not a few operators
selling out their holdings in disgust, the weakness being
especially noticeable on Tuesday and Wednesday. Wellknown Southern interests are supposed to have sold pretty
freely and Liverpool quotations showed noteworthy weak¬
ness.
Still another adverse factor has been the rapidly in¬
creasing stock at New York, which is now said to be the
largest for seven years past and is certainly a good deal in
excess of that of a year ago.
The accumulation of so large a
supply here gives rise to more or less apprehension as to
what may ultimately be done with it.
Moreover, Texas has,
according to private dispatches, had general rains, and Okla¬
homa appears to have been similarly favored.
Recently,
it will be remembered, some stress was laid on reports that
way.
next
the fall of winter rains in Texas had been deficient.
The
advocates of lower prices believe, moreover, that the crop is
being underestimated, and that with the widespread dispo¬
sition towards economy, the probable yield this season will be
ample for all requirements. In any case it is argued that
the present relatively high prices discount anything that
may be considered at all bullish in the situation
Manchester
has continued to send reports of strong prices and a good
demand, exports from this country have been liberal, the
Liverpool spot sales have been of very fair volume, leading
spot interests have been buying here, spot quotations at the
South have been as a rule reported firm and spinners have
bought futures, it is said, to some extent. But the policy
on this side of the water is one of caution.
Not only is it
said that the long drought in the Southwest has been
broken, but also that preparations on an extensive scale are
already being made or considered for the next crop in Texas,
Oklahoma and Arkansas, where it seefris likely there will be
an increase in the acreage.
From prevailing high prices it is
inferred that every effort will be made to raise large crops in
this country, Egypt, India, Russia, China, Mexico, Peru or
wherever else cotton is raised.
To-day prices declined early
on disappointing cables, but later there was an advance on
the prompt stopping of 100,000 January notices, buying by
spinners and spot interests and covering of shorts. Liver¬
pool also rallied. Spot cotton here has been dull. Middling
upland closed at 15c., showing a decline for the week of 15
points.
The official quotation for middling upland cotton in the
New \rork market each day for the past week has been:
Sat.
Dec. 24 to Dec. ,30—
Middling uplands
NEW YORK
H.
Tues.
Wed.
Thtirs.
Fri.
14.95
14.95
14.95
15.00
QUOTATIONS FOR 32 YEARS.
8.90
.15.00 1902.c...
8.44
.16.10 1901
...10.31
9.35 1900
.11.80 1899
7.69
5.88
.10.65 1898
1897
5.94
.11.90
7.06
6.95 1896
.13.50 1895
8.25
1910.C
1909
1908
1907
1906
1905
1904
1903
Mon.
H.
T
..
...
.
...
...
...
...
.
...
1894.C...
1893
1892
1891
1890
1889
1888.
1887
5.75
7.81
9.88
7.75
9.19
...10,25
.9.75
...10,56
_.
...
...
...
...
1886.c
1885
1884
1883
1882
1881
1880
1879
9.44
9.19
...11.06
...10,44
...10,25
...12,00
...11 .88
...12,50
...
days.
same
Spot Market
Closed.
Futures
Market
Closed.
Sales of Spot and Contract.
Con-
Spot. sum’n.
Saturday._
Monday
Tuesday
Wednesday
Thursday
Friday
__
_
Total
Con¬
tract
.
Total.
.
...
Steady
Steady
Steady
Steady
December 30—
Stock at Liverpool
Stock at London
Stock at Manchester
1910.
bales
.
Stock at Hamburg.
Stock
Stock
Stock
Stock
at
at
at
at
Marseilles
Barcelona
Genoa
Trieste
.
„
1909.
975,000 11,054,000
6,000
6,000
70,000
93.000
.
...
1908.
1907.
937,000
10,000
44,000
824,000
15,000
54,000
1,074,000
3,000
247,000
185,000
2,000
8,000
33,000
1,130,000
4,000
274,009
467,000
3,009
9,000
58,000
1,008
991,000
14,000
406,000
275,000
34,000
42,000
4,000
893,000
16,000
309,000
203,000
4,000
20,000
18,000
24,000
478,000
816,000
778,030
594,000
_
Total Continental stocks
3.000
1,946,000 1,769,000 1,487,000
75,000
78,000
144,000
940.080
957,568
511,852
78,000
35,000
58,000
79,000
Egypt,Brazil, &c.,allt.for Europe.
293,000
253,000
239,000
292,000
Stock In Alexandria, Egypt
259,000
416,000
504,000
323,000
Stock in Bombay, India
:
809,671 1,970,700 1,041,329
1,156,092
Stock In U. S. ports.i
558,095
935,102
799,068
863,440
Stock in U. S. interior towns
41,979
21,964
29,118
89,357
U. S. exports to-day
Total European stocks
1,552,000
125,000
India cotton afloat for Europe
882,072
Amer. cotton afloat for Europe..
Of the above, totals of
5,362,961 5,017,709 5,459,349 4,873,468
American and other descriptions are as follows:
A mprirnn
bales.
Liverpool stock
Manchester stock
Continental stock
American afloat for Europe
U. S. port stocks
U. S. interior stocks....
U. S. exports to-day
Total
852,000
69,000
448,000
832,072
1,156,092
863,440
89,357
711,000
831,000
952,000
43,000
62,000
35,000
515,000
731,000
784,000
940,080
957,568
511,852
809,671 1,070,700 1,041,329
558,095
935,102
799,068
21,964
41,979
29,118
9,200
9,200
300
400
300
400
4,700
4,700
14,600 14.600
4,3591961 3,947,709 4,602,349 3,830,648
American
East Indian,
Brazil, <fec.—
Liverpool stock
1.
London stock
Manchester stock
Continental stock
India afloat for Europe.
Egypt, Brazil, &c., afloat
Stock In Alexandria, Egypt
Stock in Bombay, India
123,000
6,000
24,000
30,000
126,000
79,000
292,000
323,000
102,000
6,000
8,000
32,000
144,000
35,000
239,000
504,000
106,000
10,000
9,000
47,000
75,000
58,000
293,000
259,000
113,000
15,000
11,000
79,000
78,000
78,000
253,000
416,000
857,000 1,043,000
1,003,000 1,070,000
4,359,961 3,947,709 4,602,349 3,830,468
Total East India, &c
Total American..
Total visible supply
5,362,961 5,017,709 5,459.349 4,873,468
6.13d.
4.99d.
8.50d.
Middling Upland, Liverpool
8.07d.
11.40c.
9.35c.
16.10c.
Middling Upland, New York
15.00c.
10 yd.
14 y2a. 8 13-16d.
Egypt, Good Brown, Lixerpool..
11 y2d.
11.50d.
7.75d.
9.50d.
Peruvian, Rough Good, Liverpool
lO.OOd.
5
ll-16d.
Broach, Fine, Liverpool
7 ll-16d. 7 11-16d. 4 ll-16d.
5
7«d. 4 ll-16d.
7%d.
TInnevelly, Good, Liverpool
Continental imports
HOLIDAY.
HOLIDAY.
Quiet 20 pts dec
Quiet
Quiet
Quiet 5 pts adr
stocks, as well as the afloat, are this week's returns, and
consequently all foreign figures are brought down to Thurs¬
day evening. But to make the total the complete figures
for to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
..
MARKET AND SALES AT NEW YORK.
The total sales of cotton on the spot each day during the
week at New York 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 spot and futures closed
on
THE VISIBLE SUPPLY OF COTTON to-night, as
made up by cable and telegraph, is as follows.
Foreign
for the past week have been 173,000
bales.
The above figures for 1910 show an increase over last week
of 229,590 bales, a gain of 345,252 bales over 1909, a
decrease of 96,388 bales from 1908, and a gain of 489,493
bales over 1907.
,
1782
THE
CHRONICLE
AT THE INTERIOR TOWNS the movement—that
is,
the receipts for the week and since
Sept. 1, the shipments
for the week and the stocks to-night, and the
same items for
the corresponding period for the
previous year—is set out
in detail below.
HHaooOf»Ti<©ao©©Tr,-<tH©,-iTi<©©M©oo©©© ©©t'»©©r»©©©©
H^oMNOH»^rtH«or>«oonrtHOOH ®©©th©©©®oot}<
O®H00»ONNHrtf5«NM»00OWNiOHNTli f»©®H*®T-ITl<TH©©
Tf©©rH©rHoo©,-iao©©
©
©©
nifl'J'eOOoOoONn
CMNNH
eg
eg eg eg
©
©,-hoo
r-t r-i
rHTfrH
Galveston
New Orleans.
Mobile
Savannah
Charleston
Norfolk
© © rH © ©
Sat'day,
15
14 %
14 13-16
14 11-16
HOLIDAY.
14 %
15
15.20
15
15 %
15 7-16
15
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
©
_
0Ct>.©©©©®©rH©©©Tr©©©©©oo©©©©,-Ht'-aO©oOrH©©©©
icegegegeoeo^t©T-iT-i©T)<»raegTr©egr-t^oeg^HT-i©»C'^,THrH©T}<r»eg©
©Tft^''3,I'-©©Tl<©aor^oo©©©©i-H©tH©©oo©Ti<©©Ti<rH©©©©©
©rr©»f5©eO'5j,©t^oo©eg»ra©Tfegt>'T-iegtf5oif5r-ieoegTjiot^cg©©f-eg
rH © © hj< © © © th ,-h ri< © ©
th
<0
1>.©©©©T-I©rt tj*th® rH©rH
t-i
th©
eg
eg
rH©oc©©©©oo©©Tf©©©©©©©©©©©©©o©oo©©0©0©
©(^■'l<©©©©©©t'-©©©rH©©o©©oo©T)<©©©©©oo©©©©ao
Hf©©r»©©©©©©©rH©tHTf©o©,-iac©
eg
CO
Qeo
•c
i> rH
Sat'day,
o
CM
Dec. 24.
rj<Tj<^H©oOi-i©rH©©t^©
O
January—
©
Range
Closing
February—
©©©©
eg
eg eg eg
■
i-hth©
t
©rHrH©©©rH©©
©
'mmhh
i-(©T-(t»
rf rH © ©
th
©
©
©
«
HH
©©
r-
00
CM
00©©©©©rH©©CO00a0Tr©©©'a<r-©rH©©T!<rH
©©O©t^©ri©©O©t^©i-H©©rf©Tl'©TH©©©rft^©©©©00T-i®
f-©©0®©«b.©©TH©©©©r}<f»©©t^©©T-c©Tfrt©t-i©Tf©'<3,t^
©l-H©©©TH®©©T}l©©T}<OOf-©©©©TfTjl©0OT-l©©©©©'rH*-l©eD
© Tj< © © 00 © © © T* ©
©©©!>■
© rf
HHN
rH rH
rH
rH
to
rH
rH
©
©
©tH©Tj<©
©
rH
©
«©©«Tp®©t'-©©®®-<3«rH©©0®rH©©rH©©©©©rH®©r^rH©
©©©rH
rtHH©
© © rH ©
rH
© © ©
rH
rH
rH
*3*
®
©
rH©TfaO©
©
rf
rH
SO©
tH
Dec. 26.
Dec. 27.
©
Range
Closing
©’
—
HOLIDAY.
May—
Range
Closing
©
_
HOLIDAY.
@
15.24
Range
Closing
Closing
August—
Range
Closing
d
o
si
to
«
B:
be:
Sh
V
c
o
aJ
>h
October—
3
^eja
as
Range
Closing
O w
o*
d"3 5S
»§“
15%
15
14 11-16
15
14 11-16
15%
Dec. 28.
Thursd'y,
Friday,
Dec. 29.
Dec. 30.
i^2:
°-2 2
Tone—
J2 o"d z w
gPfl o as
»
—
—
@
—
*
—
*
—
@
14.95
—
*
—
@
14.95
—
*
—
@
15.03
—
*
—
*
Spot
Options
—
@
15.25
—
*
—
@
15.23
—
*
—
@
15.29
—
*
15.30-.50 15.21-.34 15.25-.35 15.30-.39
15.33-.34 15.34-.35 15.31-.32 15.38-.39
.
June—
*-•
s3
D<
15
14 11-16
14%
15.25
14 15-16
15.09-.29 15.00-.13 15.05-.14 15.07-.19
15.12-.13 15.13-.14 15.11 — 15.17-.18
April—
t-H
CO
@
14.95
Range
Closing
o
c
—
Range
►*» si
14%
15%
15%
14 13-16
14.80-.00 14.73-.85 14.78-.88 14.78-.94
14.85-.86 14.85-.86 14.84-.85 14.93-.94
_
—
@
15.39
—
*
July—
I
14%
15%
15%
March—
CM
•s
«
15.20
14%
14%
—
Range
Closing
r-rH
©t^eO©t^©©©©0©©©H)<®©©rH©T}<rH©©©©©©tH©©©aO©
©»©©
©© ^
© © rH © rH Tf © ©©t^f"©
15.20
14.92-.03 14.82-.90
@
14.86 *
14.84 •
14.83
_
C
CM
®©0Ct'-eC©©©C'3
14%
14%
14%
14%
14%
Monday, Tuesday, Wed' day
Range
Closing
TT
©
l©®Tt©t^OS^©©©'^l'^'©t^t>'T-CrHt^ ©r-©r-tr»o©©©
i©csr^oasT-i©©©aa©ca©r»ir5THTj<as OrH©oOrH©©©©
iioooNaNtDTHwrfoooonasoTt
© CCHf©rHHj<t'-0C©Tf
©©©©Tf
©r^.©©
<ass*;
©©©©©©ooao©
14%
14%
14%
14 %
14%
15
14 15-16
14 11-16
14 11-16
December—
tT
©rHrHHjt
15
14 %
14 11-16
00
lO
^©©©©©rH©©©©©©©©©©"^©©©©©© ©©-^•^©©ocaoreg©r-©egeg©©©Tf©eo©M©T-i©©©rf©cgOTt ©eg©wo©f-r-©
rHoo©r'-©©©t>-©©©©©rH©©'^'©©©rH,-i©© ©r-ioo©i-H©©®go
© © © © Tf
AS
tj< © oo rH © rH ©
THTfeg
14%
15
14 %
14 11-16
NEW ORLEANS OPTION MARKET.—The
highest,
lowest and closing quotations
for/leading options in the New
Orleans cotton market for the past week have been as follows:
eg'tfegaof-
©
on-
Monday, Tuesday, Wed’day, Thursd'y, Friday,
_
HOLIDAY.
Baltimore
Hrtt^
LXXXXI
Closing Quotations Jor Middling Cotton
December 30.
Wilmington
OMI^aOHOOeCK)0«<OOOt'«OOHiO>TfHO
eflinainoooaoom’fwnooNOneorHNain ©©©©©©■^Oao©
©©T-iao©©©©©©©oOrHoO©oOT}<©oOTH©oo,-i tH©rH©©Hji©TH©rH
eg eg
[VOL.
—
@
15.40
—
*
—
@
15.36
—
*
—
@
15.42
—
*
I15.43-.61 15.33-.46 15.39-.47 15.44-.51
|l5.45-.46 15.46-.47 15.42-.43 15.48-.49
i
@
14.89-.02
14.97
—
14 .96-.00 14.98-.00 14.94-.96 15.00
—
—
—
—
@
—
13.41-.61 13.42-.43
@ — 13.45 —
13.46-.48 13.46-.48 13.42-.45 13.41-.45
—
Steady.
Steady.
Quiet.
Steady.
Steady.
Steady.
Steady.
Steady.
WEATHER REPORTS BY TELEGRAPH.—Advices to
us by telegraph this
evening from the South indicate that
rainfall has been moderate or light as a rule
during the week,
but temperature has been lower as the week closes.
The
movement of the crop continues
The above totals show that the interior stocks have in¬
creased during the week 6,185 bales and are
to-night 64,372
bales more than at the same time last year.
The receipts
at all the towns have been
83,933 bales more than the same
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 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 follows:
December 30
Since
Shipped
Via
Via
Via
Via
Via
Via
Via
Week.
St. Louis
Cairo
Rock Island
Louisville
Virginia points
other routes, &c
Total gross overland
Deduct Shipments—
Overland to N. Y., Boston, (ScC—
Between interior towns
Inland, &c., from South.
_
.
...
Total to be deducted
Leaving total net overland*.
*
5,319
3,185
6,241
3,186
5,137
40,720
23,721
66,661
95,204
45,682
702,672
34,274
558,862
8y3l5
749
104
98,200
16,925
21,852
4,680
48,251
15,104
21,227
9,168
136,977
8,183
84,582
36,514
565,695
26,091
474,280
630
Cincinnati
Since
Sept. 1.
268,373
133,295
20,753
68,678
38,799
91,484
81,290
23,126
4,095
Week.
7,891
5,858
785
Sept. 1.
213,238
110,558
8,760
2,411
1,919
10,273
861
2,642
Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
has been 36,514 bales, against 26,091 bales for the week
last
year, and that for the season to date the aggregate net
qverland exhibits an increase over a year
ago of 91,415 bales.
-1910In
Sight and Spinners'
Takings.
Receipts at ports to Dec. 30
Week
Net overland to Dec. 30
South’n consumption to Dec. 30.
Total marketed
Interior stocks In
excess
298,664
_
36,514
51,000
386,178
6,185
-1909Since
Since
Sept. 1.
5,993,568
565,695
762,000
Week.
Sept. 1.
170,789
5,069,271
26,091
474,280
52,000
910,000
7,321,263
812,662
248,880
8,781
6,453,551
715.905
257,661
8,133,925
North. spinners’ taking to Dec. 30 50,461
1,228,765
7,169,456
66,745
1,200,852
Movement into sight in previous years:
Week—
1909—Jan. 1
1908—Jan. 3
1907—Jan. 4
1906—Jan. 5
Bales.
377,881
424,610
431,925
201,746
Since Sept. 1—
1909—Jan. 1
1908—Jan. 3
1907—Jan. 4
1906—Jan. 5
Bales.
8,602,528
6,772,768
8,172,557
7,097,296
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of
middling
cotton at Southern and other
principal cotton markets for
each
day of the week.
comparatively free.
Galveston, Texas.—There has been light rain on two days
of the week.
Average thermometer 51, highest 62, lowest 40.
Abilene, Texas.—Rain has fallen on one day of the week
to the extent of twenty hundredths of an inch.
Average
thermometer 36, highest 46, lowest 26.
Palestine, Texas.—It has rained on two days of the week,
the rainfall reaching one inch and
twenty-four hundredths
Average thermometer 46, highest 62, lowest 30.
San Antonio, Texas.—We have had rain on one
day during
the week, the rainfall being eight hundredths of an
inch.
Average thermometer 47, highest 60, lowest 34.
Taylor, Texas.—We have had rain on two days during the
week, the rainfall being sixty hundredths of an inch. Aver-,
age thermometer 46, highest 62, lowest 28.
Shreveport, Louisiana.—We have had rain on two days of
the week, the precipitation reaching one inch and
thirty-five
hundredths.
The thermometer has ranged from 32 to
74,
averaging 53.
Vicksburg, Mississippi.—There has been rain on two days
during the week, to the extent of eighty-one hundredths of an
inch.
The thermometer has ranged from 32 to
72, aver¬
aging 54.
Helena, Arkansas.—Picking is not yet completed. There
has been rain on two days
during the week, the rainfall being
one inch and
seventy-nine hundredths. The thermometer
has ranged from 28 to 68,
averaging 47.4.
Mobile, Alabama.—Rain has fallen on two days during
the week, the rainfall being one inch and seven
hundredths.
The thermometer has averaged 53,
ranging from 34 to 67.
Montgomery, Alabama.—We have had rain on two days of
the week, the rainfall reaching
sixty hundredths of an inch.
The thermometer has ranged from 29 to
72, averaging 52.
Selma, Alabama.—Week’s rainfall one inch and twentytwo hundredths on two days.
Average thermometer 47,
highest 70 and lowest 25.
Savannah, Georgia.—There has been rain on two days of
the week, the precipitation
reaching seventy-six hundredths
of an inch.
The thermometer has
averaged 51, ranging from
31 to
71.
Charleston, South Carolina.—Rain has fallen on one day of
the week, the precipitation
reaching forty-nine hundredths
of an inch.
34 to 67.
The thermometer has averaged 50,
ranging from
Charlotte, North Carolina.—Rain has fallen during the
week, the rainfall reaching seventy-seven hundredths of an
inch.
The thermometer has
ranged from 24 to 66, averag¬
ing 45.
New Orleans, Louisiana.—‘We have had rain on
two days
during the week, to the extent of fifty-one hundredths of an
The thermometer has
inch.
averaged 58.
THE CHRONICLE
|
Memphis, Tennessee.—We have had rain
on
five days the
past week, the rainfall reaching three inches and seven hun¬
dredths.
The thermometer has ranged from 29 to 64, aver¬
aging 47.
The following statement we have also received by tele¬
graph, showing the height of rivers at the points named at
8 a. m. of the dates given:
New
Above
Orleans
zero
Dec. 31 1909.
Feet.
3.2
3.9
12.5
3.8
3.3
5.3
7.4
8.3
5.1
13.0
of gauge.
Above zero of
Memphis
Dec. 30 1910.
Feet.
gauge.
Nashville
Above
zero
of gauge.
Shreveport
Vicksburg
Below
Above
zero
zero
of
of
gauge.
gauge.
‘
1909.
1910.
Since
Receipts at—
Week.
<3,000
Bombay
635,000 114,000
For the Week.
Exports
from—
1909
1908
Calcutta—
1910
1909
1908
Madras—
1910
1909
1908
All others—
1910
1909
1908
Great
Britain.
Continent.
11,000
13,000
4,000
235,000!
1,000
1,000
1,000
1,000
2,000
2,000
2,000
4,000
6,000
10,090
1,000
6,000
4,000
3,000
9,000;
12,000
1,000
2,000
3,000
—
3,000
4,000
2,000
26,000
17,000
11,000
1,000
4,000
3,000
37,000 65,000
21,000 42,000
18,000 31,000
11,000'
Total.
147,000
207,000
125,000
393,000
387,000
262,000
14,666
8,000
12,000
29,000
,ooo!
1,666
7,000'
2,000
15,000
9,000
12,000
16,000
34,000
37,000
5,000
60,000;
1,000
1,000
5,000
47,000
54,000
70,000
....
2,666
133,000,
4
284,000^
218,000
31,000
35,000
16,000
148,000
209,000
146,000
211,000
463,000
462,000
373,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
21,000 bales. Exports from all India ports record a gain of
24,000 bales during the week and since Sept. 1 show an
increase of 1,000 bales.
decrease
ALEXANDRIA
RECEIPTS
AND
SHIPMENTS
OF
COTTON.—Through arrangements made with Messrs.
Choremi, Benachi & Co., of Boston and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and ship¬
ments for the past week and for the corresponding week of
the previous two years:
1910.
1909.
1908.
«
1
850,000
5.389.031
105,000
4,064,502
4,193,920
Exports (bales)—
This
Since
Week. Sept. 1.
This
Since
Week. Sept. 1.
This
Since
Week. Sept. 1.
To Liverpool
To Manchester
To Continent
To America
4.500 124,051
100 114,929
9,750 157,236
2.500 53,298
2,000
6,500 86,561
5,750 79,186
6.250 115,688
2.250 25,383
Total exports
canra
is 99 lbs.
16,850 249,514
|290,000
84,469
71,310
800
37,682
7,300 334,530 20,750 306,818
receipts for the week were
350,000 cantars and the foreign shipments 16,850 bales.
Jac.
Andres, Inc.,
the following from Alexandria under date of
The result of our inquiries throughout the country justifies us In
our friends that a crop of 7,200,000 cantars may be expected.
advising
JAPANESE COTTON MILLS.—Through the courtesy of
Mr. O. Shoji, Secretary of the Japanese Spinners’ Association,
we have obtained the details of operations of the cotton mills
in Japan for 1909-10, and give them below in conjunction
with the revised results for each of the three preceding years:
Years ending June 30—
1909-10.
Ns.
Establishments
Spindles
“
Looms
Hands
“
employed,male “
“
female “
1908-09.
1907-08.
1906-07.
36
39
48
2,004,968
15,515
18,337
76,462
1,843,598
1,695,879
9,243
15,399
63,303
1,483,497
9,626
lbs.
Egyptian
Japanese
“
“
Chinese
Other
“
“
Total
“
“
65,620
90,030,625 99,731,316 99,749,700 125,348,898
350,134,375 261,352,561 254,088,900 241,128,168
12,676,808 12,139,575
7,688,183
6,654,144
608,559
61,644,733 55,579,575 74,510,692 73,107,070
13,165,040 11,612,224
9,380,766
6,555.943
527,651,581 440,415,251 445,418,241 453,402,782
1,055,303
880*830
890,836
906,805
Yarn produced.
lbs. 441,974,400 367,869,200 375,298,200 394,872,610
Piece goods produced yds 196,728,208 164,537,299 145,241,613 137,367,216
Stock of raw cotton held
at mills—400-lb. bales
227,113
261,951
279,872
408.354
Equaling 500-lb.net bales
■
Embraces
Week.
Season.
4,942,600
1,495,514
8,133,925
635,000
70,000
719,000
117,000
257,661
114,000
5,000
14,000
8,000
1,931,022
7,169,456
962,000
75,000
542,000
115,000
5,680,734 11,170,439 5,341,261 10,794,478
Dec. 30.
5,362,961
317.773
206.773
111,000
5,362,961 5,017,709
5,017,709
5.807.478
4.567.478
1,240,000
5.776.769
4.675.769
1,101,000
323.552
223.552
100,000
receipts in Europe from Brazil, Smyrna, West Indies, &c.
to-night from Manchester states that the market continues
firm for both yarns and shirtings.
Spinners are considered
to be well under contract.
We give the prices for to-day
below and leave those for previous weeks ofv this and last
year for comparison:
1910.
d.
113-16@
11%
@
llVs
@
@
11%
9
16
23
30
Cot’n
Mid.
8% lbs. Shirtings. common
to finest.
32s Cop
Twist.
Nov
11 10151Q @
18 11
@
25 11H
@
Dec
2
11 3-16(3)
1909.
d.
s.
11K
5
nj* 5
12
5
12** 5
12 v* 5
12% 5
12% 5
12 % 5
d.
Upl’s
d.
s.
d.
d.
7
@10 9
7
@10 10
7 >*@10 10i2
8.00 10%
7.85 10%
8.10 10%
8
@10
8
@11
8 >*@11
9
@11
9
@11
8.06
7 95
8.11
8.16
8.07
EXPORTS
OF
BRITAIN.—Below
11
0
1>*
3
3
COTTON
10%
10%
10%
10**
10VS
d.
s.
d.
5
6
6
5
@
11%
@
11% 5
@
11
5
@
11
5
@
@
@
@
11** 5
11% 5
11% 5
11% 5
GOODS
Cot’n
Mid.
8% lbs. Shirtings, common
to finest.
32s Cop
Twist.
8.
Upl’s
d.
d.
@9 11
@9 11
@9 10
7.72
7.72
7.62
5>*@9 11
@10 0
@10 0
@10 0
6H@10 1
7.72
7.94
8.03
8.26
8.50
6
6
6
FROM
GREAT
give the exports of cotton yarn,
goods, &c., from Great Britain for the month of November
and since Jan. 1 1910 and 1909, as compiled by us from the
we
British Board of Trade returns.
It will be noticed that
have reduced the movement all to pounds.
Yam & Thread.
000s
omitted.
Jan
Feb
March
1910.
1909.
Lbs.
Lbs.
1910.
1909.
Yds.
1910.
1909.
Lbs.
Lbs.
Lbs.
Lbs.
92,639
87,386
88,607
78,036
81,119
91,712
110,518
105,567
107,160
97,516
100,171
113,725
54,613 60,545 1,443,091 1,347,674
268,632
250,867
323,245
311,412
443,149
440,902
430,730
86,082
83,866
94,682
82,477
82,059
80,166
103,660
101,025
111,606
102,082
59,813 1,421,068 1,314,781
264,630
244,702
562,752
520,924
492,179
17,578 19,605
17,159 20,024
16,924 20,184
..
Total of All.
1909.
419,123
435,684
492,867
17,879 19,480
18,181 19,052
18,553 22,013
_
Cloth.
1910.
we
462,261
450,363
508,444
102,083
100,350
316,291
304,515
July
August.
Sept...
18,006 22,362
16,958 22,020
17,173 20,392
575,206
543,871
478,984
104,796
97,044
91,653
107,055
101,223
89,147
122,802
114,002
108,826
129,417
123,243
109,539
3d qr.
Oct
Nov
52,137 64,774 1,575,855 1,598,061
20,079 21,314 519.432 515,615
18,006 20,451 511.047 463,326
293,493
96,729
95,167
297,425
95,964
86,232
345,630
116,808
113,173
362,199
117.278
106,683
1,121
41,029
36,937
...
51,661
Yds.
497,747
469,525
475,819
Stnckiners and socks
Total exnorts of cotton manufactures
,
923
1,257,397 1,239,947
The foregoing shows that there has been exported from
the United Kingdom during the eleven months 1,257,397,000
lbs. of manufactured cotton, against 1,239,947,000 lbs. last
year, or an increase of 17,450,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following state¬
ments, showing the amounts taken by the principal coun¬
tries during November and since Jan. 1 for each of the last
three years.
Jan. 1 to Nov. 30.
November.
Piece Goods—Yards.
(000s omitted).
1910.
1909.
1908.
1910.
1909.
1908.
215,664 204,955 160.419 2,313,256 2,147,642 2,303,022
875,953
Turkey, Egypt and Africa. 109,902 88,117 75,276 1,003,619
942,147
China and Japan..
515,978
32,499 31,204 32,685
649,015
568,525
362,634
30.542 31,831 21,200
341,028
275,677
Europe (except Turkey)
South America
553.639
57,698 45,212 34,322
447,560
417,515
North America
286,815
317,840
27,780 32,197 25,263
294,864
All other countries
434,552
394,224
36,962 29.810 29,787
408,484
15,093
Consumption—
American
Indian
Season.
East Indies
36
12,176
17,391
68,471
1909.
Sundrv articles
The statement shows that the
of Boston have
Dec. 9:
*
2d qr.
Egyptian bales weigh about 750 lbs.
EGYPTIAN COTTON CROP.—Fr.
supply
Total takings to Dec. 39
Of which American
Of which other
June
This week
Since Sept. 1
A
Total
April
May
j
Receipts (cantars) —
4,566 141,069
1910.
Visible supply Dec. 23__
5,133,371
Visible supply Sept. 1
American In sight to Dec. 30
392,363
Bombay receipts to Dec. 29
93,000
Other India shlp’ts to Dec. 29._
3,000
Alexandria receipts to Dec. 28.
47,000
Other supply to Dec. 28 *
12,000
1st qr.
Alexandria, Egypt,
December 28.
Cotton Takings.
Week and Season.
452,000
Japan
167,000
a glance the world’s supply of cotton for the week and since
Sept. 1 for the last two seasons, fromall sources from which
statistics are obtainable, also the takings, or amounts gone
out of sight, for the like period.
MANCHESTER MARKET.—Our report received by cable
\& China.
37,000 63,000
21,000 37,000
16,000 26,000
1,000
81,000
1
2,000 24,000
2,000 14,000
2,000
8,000
2,000
Total all—
1910
1909
1908
972,000
Sept. 1.
Since September 1.
Conti¬ Japan
Great
Britain. nent. <ScChina Total.
Bombay—
1910...1
Since
Week.
Sept. 1.
at
Deduct—
Visible supply
1908.
Since
Week.
Sept. 1.
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The following brief but comprehensive statement indicates
Week.
INDIA COTTON MOVEMENT FROM ALL PORTS.—
The receipts of cotton from Bombay and the shipments from
all India ports for the week and for the season from Sept. 1
for three years have been as follows:
December 2d.
1783
.
Dec. 311910.
Total yards
Total value
511.047 463,326 378.952 5,470,493 5.239,456 5,144,040
£6,715 £5,635 £4,653 £71,328 £62,257 £65,380
Yams—Lbs.
(000s omitted).
Holland
Germany
Oth.Europe(exceptTurkey).
East Indies
China and Japan
Turkey and Egypt
All other countries
42
443
1,060
2,491
1,208
1,789
35,652
45,200
28,377
24.786
1,016
9,651
29,369
16,221 17,676
£1.159 £1,028
11,487
£684
£12,066
3.277
4,363
2,459
2,476
82
924
2,640
4,441
3,389
3,349
2,904
1,321
2,190
2,352
2,184
40,713
38,351
37,216
34,649
5,420
15,656
27,885
36,326
39,227
41.181
38.222
6,667
14,215
23,887
174,051
199.900
£10.854
199,725
£12,000
V;
Total pounds
Total value
1T84 i
THE
CHRONICLE
-CENSUS BUREAU'S REPORT ON COTTON GINNING.
—The Division of Manufactures in the Census Bureau com¬
pleted and issued on Dec. 20 its report on cotton ginned to
Dec. 13 as follows (counting round as half-bales and
excluding
1 inters).
Per Cent
Ginned to
Crop Gin'd to
Mates. Year Dec. 13. for Year. Dec. 13.
W. S..1910 10,698,482
1909
9.358,085 10,072,731 92.9
1908 11.904,269 13,086,005
91.0
1907
9,284,070 11,057,822 84.0
1906 11.112,789 12,983,201
85.6
1905
9,297.819 10,495,105 88.6
Ala ..1910
^
1.129.273
1909
987,254
1,040,137 94.9
1908
1.265,953
1,352,803 95.0
1907
961,739
1,070,090 86.4
1906
1,136,844
1,216,606 91.6
1905
1,133,318
1,202,145 92.3
Ark ..1910
676.156
1909
642,322
697.603
92.1
1908
847,312
85.1
996,093
1907
572,418
76.1
751,851
1906
673,030
894,268 75.3
1905
475,574
598,915 79.4
Fla ..1910
59,488
1909
58,556
61,877 94.6
1908
64,131
70,598 90.8
1907
45,685
56,668 80.6
1906
55,916
61,473 91.0
1905
69,752
78,838 88.5
Ga .-1910
1.707,310
1909
1,766,070
1,850,125 95.5
1908
1,808.963
1.977,050 94.5
1907
1.632,463
1,860,323 87.8
1906
92.8
1,514,637
1,632,703
1905
1,620,741
1,725,272 93.9
La ..1910
234,468
248,643
96.2
258,459
|M
Hi 909
t—.
435,603
93.4
466,543
iti 1908
1907
501,612
662,032 75.8
1906
764,850
955,473 80.0
1905
416,237
511,738 81.3
Miss. .1910
1,066,946
1909
956,509
1,073,105 89.1
1908
1,441,947
1,620,325 S9.0
1907
77.7
1,120,908
1,442,881
1906
79.9
1,184,914
1,483,408
1905
951,656
1,168,059 81.5
.
^
_
-
-
Percent
States.
Year.
N.Car.1910
Ginned to
Dec. 13.
Crop Gin’d to
for Year. Dec. 13.
664,434
581,954
615,736
523,257
546,524
608,183
868,928
514,535
494,984
685,595
643,667
532,362
1,108,967
1,064,819
1,134,183
1,014,356
838,828
1,042,877
269,657
221,465
302,627
204,450
220,552
225,447
2,849,911
2,262,938
3,368,874
1,989,968
3,485,565
2,172,881
62,944
53,020
63,956
31,619
47,462
48,791
1909
1908
1907
1906
1905
Okla .1910
1909
1908
1907
1906
1905
S.Car.1910
1909
1908
1907
1906
1905
Tenn.1910
1909
1908
1907
1906
1905
Tex -.1910
1909
1908
1907
1906
1905
Other 1910
1909
1908
1907
1906
1905
633,746
683,628
637,961
611,258
652,815
91.8
90.1
82.0
89.4
93.2
552,678
689,345
848,977
871,961
660,027
93. i
71.8
80.8
73.8
80.7
1,137,382
1,215,848
1,163,565
912,602
1,112,363
93.6
93.3
87.2
91.9
93.8
240,757
334,084
266,433
293,023
269,030
92.0
90.6
76.7
75.3
83.8
2,469,33i
3,627,350
2,208,021
3,957,619
2,432.718
9L6
92.9
90.1
88.1
89.3
57,531
73,138
46,017
62,280
57,330
92.2
87.4
68.7
69.5
85.1
Receipts at Ports.
Slock at Interior Towns. Receipts from
PLintam.
Week
ending
Nov.
•*
“
Dee.
“
“
“
1910.
1900.
1908.
11 375,754 367,454 472,528
18 413,456 278.293 402,709
25 393,380 204.284 413,653
2 432 62
216,389 457,544
9 40.1,59
190.910 4.05,266
16 417.201 204.324 403,352
23 361.059 208,499 351,736
30 298,664 il70,789 266,772
1910.
1909.
190S.
1910.
608,000 631,918 742,711 440,825
6 9,2 3 663,704 784,797 464,709
711,879 697,759 820,980 446,015
'77. •-(/!■ 736,4lt 8 W,34< 198, 28
8 4,9 1? 759,2V 361,451 428.2 '7
831,361 778,623 883,158 4>3,570
857,255(790,287 914,653 386,961
S63,440;799,068 935,102 304,849
1909.
1908.
433,688 534,192
310,079 444,795
238,339 449,836
i j0,04
183,178
>21,373
>13,75
223.686 425,059
220,163 383,231
179,570 287,221
287,221 bales.
SHIPPING NEWS.—As shown
on
a
Total bales.
NEW YORK—To Liverpool—Dec. 23—Baltic, 2,146...Dec. 28 —
Ultonia, 2,616
4,762
To Manchester—Dec. 23—Voltaire, 2,450 upland, 366 Sea Isl_
2,816
To London—Dec. 24—Minnetonka, 363
363
To Havre—Dec. 24—Chicago, 563 upland, 28 Sea Island
Dec. 28—Floridc, 39; La Bretagne, 250
880
To Antwerp—Dec. 27—Vaderland, 924
924
To Genoa—Dec. 27—Mendoza, 500
Dec. 29—Re di Italia,
1;100
1,600
To Naples—Dec. 27—Mendoza, 100
Dec. 28—Duca degli
Abruzzi, 196
296
GALVESTON—To Liverpool—Dec. 23—Madrileno, 8,052
8,052
To Havre—Dec. 27—Monadnock, 13,547
13,547
To Bremen—Dec. 22—Hannover, 12,388
12,388
To Hamburg—Dec. 23—Alster, 4,522
4,522
To Gothenburg—Dec. 23—Nordkyn, 3,500
3,500
NEW
ORLEANS—To
Liverpool—Dec. 30—Cestrian, 22,000;
Oxonian, 11,900
33,900
To Manchester—Belgian, 7,700
:
7,700
To Havre—Dec. 30—Massachusetts, 16,768: St. Laurent, 9,522 26,290
To Bremen—Dec. 23—Royal Princess,
28—
16,200
Dec.
"
King Edgar, 6,700..
To Hamburg—Dec. 24—Hispanla, 2,348
To Antwerp—Dec. 29—Virgil, 1,164
GULFPORT—To Liverpool—Dec. 26—Harperly, 4,516
To Havre—Dec. 26—Harperly, 3,625
MOBILE—To Liverpool —Dec. 28—Tugela, 1,450
To Manchester—Dec. 23—Mariner, 5,250
To Havre—Dec. 24—Sandsend, 3,300..
PENSACOLA—To Havre—Dec. 24—Massachusetts, 10,205
SAVANNAH—To Liverpool—Dec. 28—Director, 12,352
Dec. 29
—Hillglade, 13,745
To Manchester—Dec. 27—Tecsdale, 3,500
To Havre—Dec. 27—Teesdale, 4,250
To Bremen—Dec. 24—Clan MacLean, 7,440
To Trieste—Dec. 24—Virginia, 1,700
1
To Venice—Dec. 24—Virginia, 400
To Flume—Dec. 24—Virginia, 300
J
BRUNSWICK—To Liverpool—Dec. 29—Ctown of Granada, 6,339.
To Bremen—Dec. 30—Tantallon, 5,196
French
Boston
Baltimore
Ger-
—Oth.Europe— Mex.,
ports, many.
880
North.
South.
924
....
13,547 16,910
26,290 25,248
3,625
3,300
10,205
4,250
7,440
5,196
11,323
Ac. depart.
1,896
...
...
3,500
1,164
...
...
....
....
Wilmington
....
...
...
2,400
...
...
...
5,021
3,273
Philadelphia
•_
....
100
Seattle
Tacoma
106,266 62,097 69,390
Total.
11,641
42,009
94,302
8,141
10,000
10,205
40,187
11,535
11,323
5,021
3,273
100
750
896
...
750
896
...
....
Total
5,688
4,296
...
1,646 249,383
The exports to Japan since Sept. 1 have been
57,479 bales
from Pacific ports.
Cotton freights at New York the past week have been as
follows, quotations being in ce nts per 100 lbs.
Liverpool
Manchester
Sat.
15
15
20
18
20
20
26
27
30
30
20
30
45
_
Havre
Bremen
_
_
•
-
Hamburg
Antwerp.
_
_.
.
.
.
-
.
.
_
.
_
.
Japan
_
_
-
_
Mon.
Tues.
15
15
20
18
20
20
26
i HO LI-
DAY.
27
30
Wed.
15
15
20
Thurs.
23
18
20
20
26
27 y
18
20
20
26
27
30
30
hi
30
20
30
45
Fri.
15
15
23
15
15
It
18
20
20
26
27 H
30
30
20
30
45
20
30
45
30
30
20
30
45
LIVERPOOL. —By cable from Liverpool we have the following statement of the week’s sales, stocks, &c., at that port:
Sales of the week
bales
Of which speculators took.
Of which exporters took
Sales, American.
-
.
-
Actual export
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
61.000
1,000
2,000
53,000
3,000
80,000
-706,000
-603,000
-149,000
-115,000
.576,000
.456,000
51,000
3,000
2,000
45,000
11,000
106,000
761.000
650,000
172,000
135,000
610,000
519,000
52,000
1,400
700
48,000
31,000
-
.
.
-
-
.
Forwarded
Total stock—Estimated
-.
Of which American
Total imports of the week
Of which American
Amount afloat
Of which American..-
.
_
900
700
28,000
3,000
65,000
975.000
852,000
160,000
134,000
480,000
422,000
14,000
90,000
882,000
T71,000
223,000
191,000
471,000
396,000
The tone of the
Liverpool market for spots and futures
day of the past week and the daily closing prices of
spot cotton have'been as follows:
1
Spot.
1
Market,
11
12:15
P. M.
)•
J
22,900
2,348
1,164
4,516
3,625
1,450
5,250
3,300
10,205
26,097
3,500
4,250
7,440
1,700
400
300
6,339
5,196 1
Saturday.
Monday.
Tuesday.
Wednesday.
Thursday.
Good
demand.
Quiet.
1
Sales
HOLI-
HOLI-
DAY
DAY
Spec.&exp.;
HOLIDAY
/
business
doing.
8.12
8.10
8.07
14,000
8,000
500
10,000
500
Futures. 1
Market
V
opened
Friday
Fair
Mid. Upl’ds
500
Easy at
Steady at
6(«>7 pts.
decline.
5C%7 pts.
Quiet at
1 point
advance.
decline.
■
1
)j
Market,
4
below.
Easy at
Steady at
liy^izy 3(&4y pts.
1;
P. M.
The
previous page, the
exports of cotton from the United States the past week have
reached 249,383 bales.
The shipments in detail, as made
up from mail and telegraphic returns, are as follows:
Great
Britain,
New York..... 7,941
Galveston
8,052
New Orleans...41,600
Gulfport
4,516
Mobile
6,700
Pensacola
Savannah
26,097
Brunswick
6,339
each
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1 1910 are 6,808,230 bales;
in 1909 were $,785,176 bales; in 1908 were 7,074,332 bales.
2.—That although the receipts at the outports the past
week were 298,664 bales, the actual movement from planta¬
tions was 304,849 bales, the balance going to increase stocks
at interior towns.
Last year receipts from the plantations
for the week were 179,570 bales and for 1908 they were
.
particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Genoa
Trieste
which finally reaches the market through the outports.
100
100
750
896
249,383
Barcelona, direct
Southern consumption; they are simply a statement of
the weekly movement from the plantations of that part of the
11,323
5,021
1,364
3,173
The
Gothenburg
nor
Total bales.
Total
Reval
RECEIPTS FROM THE PLANTATIONS.—The follow¬
ing table indicates the actual movement each week from the
plantations. The figures do not include overland receipts
LXXXXI
WILMINGTON—To Bremen—Dec. 24—Gretavale, 11,323
BOSTON—To Liverpool—Dec. 27—Devonian, 5,021
To Manchester—Dec. 23—Caledonian, 1,364
BALTIMORE—To Bremen—Dec. 23—Chemnitz, 3,173
To Hamburg—Dec. 21—Vandalla, 100
PHILADELPHIA—To Antwerp—Dec. 22—Menominee, 100
fSffiATTLE—To Japan—Dec. 21—Kumeric, 750
TACOMA—To Japan—Dec. 29—Protesltaus, 896
Ghent, via Antwerp
Round bales included this year are 106.827, compared with 140,024 for
1909, 215,059 for 1908 and 167,204 for 1907.
Sea Island, 75,170 for 1910,
85,177 for 1909, 80,316 for 1908 and 65,268 for 1907.
The distribution of
the Sea Island cotton for 1910 by States Is:
Florida, 25,804; Georgia, 39,717; South Carolina, 9,649.
The statistics In this report are subject to
slight corrections when checked against the individual returns of the ginners
being transmitted by mail.
The corrected
quantity of cotton ginned
this season to Dec. 1 1910, is 10,139,712 bales.
crop
iv OL
J1
pts. dec.
advance.
Steady at
MCdl'A
pts. adv.
prices of futures at Liverpool for each day are given
Prices are on the basis of upland, good
ordinary
clause, unless otherwise stated.-
The prices are given in pence and 100ths.
Dec. 24
Dec. 30.
Mon.
Sat.
12
'
Decern b’r.
Dec.-Jan..
Jan .-Feb..
Feb.-Mch.
Mch.-Apr.
Apr.-May.
May-June
June-July
July-Aug.
Aug .-Sep.
Sep .-Oct.
Oct .-Nov
Tues.
12 M |
4 12 a
p.m. p.m. p.m. p.m.
hf\l2 y
Thus, 7.90
f
Wed.
12
4
p.m.jp.m.
:
■
Holi-
Holi-
day
day
Holi-"
day
y
p.m.
7
7
7
7
7
7
7
7
7
7
7
91
means
7.90-100d.
Thurs.
4
12
Fri.
4
12 H
4
p.m. p.m. p.m. p.m. p.m.
H
y 86 y 90 H 90
89 y2 89
90 H 85H
90 y 85
9\y 86
86 y
92
92 H my
92 y 87
90 y 85
87 y 82
67
62
34
28 y
157
09 y
38 y,
89 y
on
90
90
88
89
90
90
90
88 y 88
85 y 86
65
65
31
33
12
13
y
y
y
y
87
86
86
87
88
88
88
87
84
63
30
11
y
y 89 y
89
90
91
9i y
y 92
90
87
y 67
33 y
14
BREADSTUFFS.
Friday, Dec. 30 1910.
Prices for wheat flour have shown practically no
change
at any time during the week and the trading has been ex¬
tremely dull. It is more than ever a waiting market. Some
houses report that business during the month has been the
poorest of the year. There is a general belief, however, that
a change for the better in trade will be witnessed
early next
year, as dealers are believed to be carrying small supplies.
Rye flour and corn meal have been quiet and steady.
Wheat has continued to act in a manner to suggest that
whatever may be the feeling as to the future course of prices,
there is less disposition than was at one time apparent to
take the aggressive on the short side.
Judging by the
strength of foreign markets, this also pretty well describes
1785
THE CHRONICLE
Dec. 311910. |
the situation abroad. Certainly, European quotations have
risen.
The cash demand at Liverpool has increased coinci¬
dent with decreased offerings of Argentina wheat there.
Rumors have been rife, too, of a better demand for export
in this country.
It is noticed that the primary receipts at
the West have of late fallen considerably below the corre¬
The statements of the movement of breadstuffs to
sponding period last year. Paris has advanced noticeably
of late, presumably owing to the reports of a less favorable
outlook for the crop in France and the United Kingdom.
There is even some disposition noticeable to reduce the esti¬
mates of the Argentina crop and quotations at Buenos Ayres
have risen.
It is also worth while to remark that the Euro¬
pean visible supply decreased for the week 3,240,000 bushels,
as against a decrease for the same time last year of only
200,000 bushels. Even more striking is the fact that the
world’s available supply decreased during the week—was close
to 3,000,000 bushels, as against an actual increase during
the same time last year of over 800,000 bushels.
On the
other hand, excellent rains have been reported in our South¬
western States, notably in Kansas, Missouri and Oklahoma.
Southwestern houses have been selling July at Chicago.
The East Indian acreage is officially estimated at 100,000
acres larger than that of last year.
Our Northwestern stocks
have been increasing.
Some leading Chicago operators are
supposed to have been quietly closing out long accounts.
The general crop outlook in this country has apparently
been materially improved by the fall of needed rains and
snow.
One estimate of the Argentina exportable surplus
during the coming year is as high as 101,00Q,000 bushels,
which would be,, roughly, an increase of about 25,000,000
bushels over those for this year.
To-day prices declined on
disappointing Liverpool advices, increased exports from
Argentina and Australia, decreased shipments from this
country, dulness on the spot, increasing stocks at the North¬
west and improved crop reports from the Winter-wheat
Receipts at—
sections.
market
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
August 1 for each of the last three years have been:
since
Rtft»
Barley.
Oats.
Com.
Wheat.
Flour.
bbls.iom*. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushAfUb*. bu.56 lbs.
47,500
876,000
2,619,000
3,966,400
252,000
123,751
38.760
448,800
425.100
406,820
Milwaukee..
168,370
55.542
793
52,846
29.769
Duluth
490,310
9,990
45,380
640,400
487,150
435,240
2,549,980
Minneapolis.
61,500
224,000
Toledo
43,000
73,989
164,933
Detroit
25.233
4,630
73,184
996
Cleveland
13,293
104,071
‘7.766
9Jh 800
430.800
443,700
St. Louis
362,462
60,720
6,600
72,000
178,200
59.294
483,003
Peoria
11,000
178,500
696,000
368,400
Kansas City.
Chicago
....
....
..
4,611,648
2,795.398
2,246,157
6.584,460
4,091.816
3,765,672
7.555,369 137,190.643
9,848,905 152,663.111
9,861,637 151,634,636
79,819,301
67,160,625
56,529,357
314,923
277,234
239,271
Tot.wk.'lO
Same wk. ’09
Same wk. ’08
j
Since Aug. 1
1910
1909
1908
98.217,121 38.618.365 3,089,300
82,366,781 42.114,056 3,961,813
83,994,451 48.559.718 3.946.437
Total receipts of flour and grain at
the week ended Dec. 24 1910 follow:
160,555
43,028
11,926
58,573
41,951
5,527
16,419
8,992
Ronton
Portland, Me
.
.
....
Baltimore
Richmond
New Orleans*
.
.
Newport News
Galveston..
Montreal
St. John
Halifax
172.990
68,000
320,775
Rye,
bush.
bush.
10,200
3,450
...
800
120,929
16,647
12,312
49,500
626,795
43,214
431,400
5,428
3,000
2.249
......
......
......
2,000
2,000
45,000
17,312
234,000
40,000
15,235
29,000
.
718,875
195,600
38,831
120,000
68,358
43,710
43,250
Barley,
Ocas,
bush.
332.450
62,117
bush.
bush.
bbls.
.
the seaboard ports for
Com,
Wheat,
Flour,
Receipts at—
New York
Philadelphia
145.940
61,416
100,381
2,137,069
886,483
1,120,212
4,616,869
2,251,723
2.696.345
....
23.837
22,239
12,678
949,375
6,978
1138,592
2.394.027
608,792
34,688
Total week 1910.
846,061
394,556
Since Jan. 11910. 18,049,435 75,269,469 42,478,805 49,732.815 3927,712
537,725
90,040
Week 1909
435,085 2,097,782 2,316,642
Since Jan. 11909. 17,478,373 99.455,675 45,291,948 44,148.899 7322,077
.
DAILY CLOSING PRICES OF WHEAT
FUTURES IN NEW YORK.
.
Mon.
Sat.
97 %
97 %
98 % 98 %
97 % 97 % 98
97 %
101 % 101% 102 % 102%
PRICES OF WHEAT FUTURES IN CHICAGO.
day
December delivery In elevator.___ 97 %
May delivery In elevator
102%
DAILY
CLOSING
Mon.
Sat.
92 %
December delivery In elevator
May delivery in elevator
96 %
93 %
July delivery in elevator
Indian
corn
Fri.
Holi-
98
No. 2 red winter
Wed. Thurs.
Tues.
Holiday
Wed. Thurs. Fri.
Tues.
92 %
96 %
92 %
91 %
95 %
93
futures have been nominal.
93 %
97 %
93 %
92 %
96%
93 %
At the West the
speculation has been of moderate proportions. Prices have
shown irregularity at times, but in the main the trend of
prices of late has been upward, owing to diminished sales by
the country, some increase in cash sales, partly for export,
unfavorable news from Argentina, and the fact that tempera¬
tures in this country have been too moderate for drying the
cereal.
Some wheat bulls have purchased, commission
houses have bought and shorts have covered.
On the other
hand, elevator interests have sold and there is a belief
among some leading members of the trade that ultimately
prices will seek a lower level, owing to the large supplies in
this country.
To-day prices were irregular, ending firm
in the main on covering and unfavorable Argentina crop
*
on
Receipts do not include grain passing through New Orleans for foreign ports
through bills of lading.
■
The exports from the several seaboard ports for the week
ending Dec. 24 1910 are shown in the annexed statement:
Com,
Wheat,
bush.
bbls.
460,283
68,000
150,342
86,993
11,926
23,087
3,731
Philadelphia
63,000
146,000
17,000
1,000
Baltimore
New Orleans
40,577
313,178
18,418
100
106,500
30,428
1,710
7,978
3,000
3,350
8,992
Newport News._
Galveston
Mobile
Montreal
St. John, N. B...
Halifax
MIXED CORN IN NEW YORK.
Mon.
Tues.
Wed. Thurs. Fri.
52 x 52% 52 %
57
56 %
May delivery In elevator
56%
55% 55 % 56% 56%
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
53#
Cash corn
December delivery In elevator
56
Holiday
57 %
53
Mon.
Tues.
December delivery In elevator
46 %
Holi-
46 %
May delivery in elevator
July delivery in elevator
48%
49%
day
47 %
48%
Sat.
Wed. Thurs. Fri.
46 %
47 %
48%
47%
48 %
49%
47%
48 %
49%
Oats for future delivery in the local market have been
nominal.
The speculation at Chicago has been fairly active,
but prices have not shown any marked change, though of late
the tone of the market has been somewhat firmer in sym¬
pathy with
a
Cash interests sold, but shorts
tions in prices were slight.
absorbed the offerings.
DAILY
CLOSING
PRICES OF OATS IN NEW YORK.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
38% 38% 38%
38% Holi- 38%
38% day
38% 39
39% 39%
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO.
December delivery in elevator
May delivery in elevator
July delivery in elevator
The
following
Sat.
Mon.
Tues.
31 %
34%
34%
Holiday
31%
34
34
Wed. Thurs. Fri.
31
33 %
33%
31%
34 %
34%
31%
34
34
closing quotations:
are
6,666
52,795
bush.
The destination of these
4.928
6,255
31.799
exports for the week and since
Since
Since
Since
Week
Dec. 24.
bush.
July 1
496,464
1,700
38,324
3,396 188
4,153,109
1,504,482
726,084
7,374
17,899
232,194 4,413,613
630,436 29,573,506 1,252,281
296,583 5,229,449 2,635,158 52,006,043 1.581,438
9,805.136
7,967,891
July 1
Week
Dec. 24.
bush.
July 1
1910.
bbls.
Exports for week and Dec. 24.
since July 1 to—
bbls.
1910.
bush.
531,005 18,295,766
96,431 11,124,965
142,775
3,000
3,000
United Kingdom...130,766 2,187,063
945,582
Continent
36,625
544,569
So. and Cent. Amer. 26,690
West Indies
611,589
37.988
Brit. No. Am. Cols.
125
59,351
65,459
Other Countries
Total
Total 1909
Com
Wheat
Flour
1910.
bush.
715,793
7,000
The world’s shipments of wheat and corn for the week
ending Dec. 24 1910 and since July 1 1910 and 1909 are
shown in the following:
Wheat.
Exports.
Week
Dec. 24.
Com.
1909.
1910.
Since
Since
July 1.
July 1.
Week
Dec. 24.
Bushels.
Bushels.
Bushels.
Bushels.
North Amer. 3,328,000 62,371,000 83,173,000 1,219,000
468,000
Russia
5,744,000 128,184,000 120,616,000
655.000
Danube
1,360,000 60,656,000 10,880,000
Argentina
Since
July 1.
Bushels.
Bushels.
8,088,000
8,944,000
10,964,000
55,961.000
11792000 320,889,000 260,481,000 5,334,000 113,314,000
83,957,000
568,000
352,000
296,000
144,000
..
..
....
Since
July 1.
9,513,000
5,270,000
49,900,000
48,631,000
Australia
India
Oth .countr’s
Total
1909.*
1910.
....
Standards
No. 2 white
Peas,
4,928
July 1 1910 is as below:
Receipts
rising tendency in wheat and corn.
decreased and the cash market has been stronger.
On firm spots, however, cash interests
Shorts nave covered.
have sold.
Some believe that any falling off in the crop
movement will prove to be only temporary.
To-day fluctua¬
have
bush.
40,000
Week.
Sat.
Barley,
125
630,436J1,252,281 232,194
2,635,15811,581,438 296,583
Total week
Week 1909
Rye,
bush.
29,000
234,000
news.
DAILY CLOSING PRICES OF NO. 2
Oats.
bush.
Flour,
bush.
124,871
120,000
7,988
Exports from—
New York
Portland. Me
Boston ..^
The quantity
mentioned was
24,376.000 14,312,000 2,992.000
5,892,000
16,024,000
24,520,000 125,608,000
4,758,000 J
of wheat and
as
corn
afloat for Europe
on
dates
follows:
FLOUR.
Winter, low grades
Winter patents
Winter straights
Winter clears
Spring patents
Spring straights.
Spring clears
32 75@$3 401 Kansas straights, sack.54 60 @34
4 80@ 5 00 Kansas clears, sacks... 4 00® 4
6 00® 6
4 25@ 4 50 City patents
3 85 @ 4
3 75® 4 00 Rye flour
4 15® 4
5 25@ 5 55 Graham flour
4 80@ 5 00 Corn meal, kiln dried... 2 75® 2
4
25®
40
80
45
25
85
4 35
GRAIN.
Wheat, per bushel—
N. Spring, No. 1
N. Spring, No. 2
Red winter. No. 2
Hard winter. No. 2
Oats, per bushel, new—
Standards
No. 2 white
Ns. 8 white
51 19
1 16
Corn, per bushel—
No. 2 new...
f.o.b.
No. 2 mixed
f.o.b.
f.o.b.
No. 2 white
98%
l 03
Rye, per bushel—
No. 2 Western
Cents.
State and Pennsylvania
38%
39% Barley—Malting
Feeding, cJ.f., N. Y._
38%
Cents
52 %
Nominal
Nominal
85
80@81
89 @92
Nominal
Com.
Wheat.
85
United
United
Dec.
Dec.
Dec.
Dec.
Dec.
24
17
25
26
28
The
1910..
1910..
1909..
1908..
1907..
Kingdom.
Continent.
Total.
Bushels.
Bushels.
Bushels.
14,808,000 17.224,000 32 032.000
14,760,000 18.328,000 33,088,000
17,600,000 7,280,000 24,880.000
15,072,000 8,160,000 23.232,000
17,160,000 8,160,000 25,320,000
visible supply
Kingdom.
Ceminent.
Total.
Bushels.
Bushels.
Bushels.
7,139,000 13,557.000 20,696,000
7,029,000 14,187.000 21,216,000
6,865,000 6,460,000 12,325.000
4,420.000 5,780,000 10,200,000
3,369,800 4,800,000 8.160,000
of grain, comprising the stocks in
at principal points of accumulation at
seaboard ports Dec. 24 1910, was as follows:
granary
lake and
1786
THE CHRONICLE
AMERICAN
New‘York
“
-
afloat
_
Boston
_
Philadelphia
—
.
_
.
.
.
—
—
385,000
906.000
5,739,000
134,000
3,073,000
.13,583,000
2,034,000
4,502,000
12,000
437,000
St. Louis
Kansas City
Peoria
-
.
.
Indianapolis
Total
Total
Total
Total
Dec.
Dec.
Dec.
Dec.
.
24
17
25
26
1908.
Amerlcan
Canadian
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
24
17
25
26
28
29
30
45,000
34,000
452,000
676,000
3,000
13,000
1910.
1910.
1909.
1908.
1907.
1906.
1905.
.
bush.
bush.
29,000
~5'666
825,000
311,000
262.000
131,000
123.666
349.666
6,576,000
501.000
885,000
3,023,000
327,000
233,000
1.639,000
78,000
Yi',666
IIIIII
32.000
8.000
121.000
6,000
67,000
367,000
283,000
30,000
478.000
478,000
807,000
1,080,000
2,923,000
5,396,000
Rye,
Barley,
157,000
217,000
469.000
75,000
1,000
114,000
110,000
357.000
33,000
217.000
■
400.000
5,000
22,000
bush.
bush.
283,000
3,450,000
2,893,000
95,000
3,917,000
7,000
1,251,000
97,000
7,000
8,000
38,000
5,755,000
25,000
SUMMARY.
1,251,000
1,321,000
481,000
206,000
97,000
83,000
126,000
51,000
Wheat,
Com,
bush.
Oats,
bush.
bush.
.43.929,000
.10,638,000
3,300,000
7,000
16,129,000
1,251,000
3,307,000
2,102,000
7,425,000
7,019,000
3.485,000
4,619,000
11,877,000
17,380,000
17,032,000
11,587,000
10,454,000
7,586,000
13,012,000
28.053,000
bush.
play full lines of these goods. A fair business was done in
prints, both subcounts and standards. Colored cottons
met a moderate demand,
especially the lower grades, but
prices in this division generally are unsatisfactory to manu¬
facturers.
The call for
ginghams was well maintained,
numerous duplicate orders
being received, with requests for
early shipments. Further sales of a few thousand t?alesof
sheetings were made for China account on the basis of 6 3^c.
less 3% for 4-yard 56x60s; this
price shows little if any profit
to mills, but the sales, as
heretofore, were made to keep cer¬
tain brands alive in
1,555,000
1,622,000
bush.
.54,567,000
.53,816,000
.36,350,000
.57,431,000
.46,661,000
.44.727,000
.42,951.000
$17,705,458 in 1910, against $20,140,387 in 1909.
Trading in domestic cottons was moderate in the aggregate,
and prices generally
steady. Brown and bleached goods,
though quiet, give promise of more activity later on. In¬
creased interest is being taken in wash fabrics
on account of
early showings by retailers; jobbers and others will soon dis¬
25.000
138.666
that market. Some small sales
Rye,
Barley,
1,555,000
WOOLEN GOODS.—Fancy staple and
semi-staple over¬
coatings for next fall delivery displayed increased
activity
as a result of the low
prices named by large producers, and
the amount of business booked exceeded
early expectations
of leading sellers.
On some lines of fancy
heavy-weight
fabrics the new prices are 10 to
15% lower than a year ago,
while marked reductions have been made on
staples. The
concessions were apparently made to stimulate
an early
ap¬
plication on the part of buyers, and, as indicated, the result
so far has been
very satisfactory, especially in view of the fact
that one of the leading centres of
consumption, Chicago, is
suffering from a strike of clothing operatives. Spring lines
of men’s wear were
generally quiet; there was some demand
for staples and a few scattered re-orders
on
fancy suitings.
As this is the be tween-seasons
period in dress goods, little
activity was noted in that market beyond fair
duplicate
oders from the
cutting-up trade for spring fabrics.
bush.
97.000
478,000
478,000
807,000
1,080,000
1,055,000
1,702,000
2,386,000
1,652,000
1,705,000
3,049,000
5.447,000
5,870,000
3.475,000
6,310,000
THE DRY GOODS TRADE.
New York, Friday
Night, Dec. 30 1910.
Textile markets generally ruled
quiet during the week,
owing in a measure to the holiday period and to stock-tak¬
ing. In cotton goods no special feature developed outside
of a somewhat larger movement and better
demand for cer¬
were re¬
ported at prices a shade higher. Trade with miscellaneous
ports continued dull. Print cloths and convertibles ruled
quiet, orders being confined to small lots; standard gray
goods
remain quotably
unchanged, although spots are offered
slightly lower than contracts.
bush.
bush.
478,000
LXXX\1
The value of these New York
exports since Jan. 1 has been
Barley,
12,000
47,000
228 000
99,000
1910. .10,638.000
1910- .10,822,000
1909.
8,988,000
.
Rye,
"""
3,300,000
16,129.000
2,094,000 15,711,000
7,387,000 11,106,000
6,994,000 10,248,000
CANADIAN GRAIN STOCKS.
Wheat,
Com,
Oats,
“
24
17
25
26
Oats,
1910. .43,929,000
1910. .42,994,000
1909. .27,362,000
1908. -51,676,000
Montreal
Fort William
Port Arthur
afloat
Other Canadian
Dec.
Dec.
Dec.
Dec.
.
.
Minneapolis
Total
Total
Total
Total
Total
Total
Total
bush.
2,580.000
288,000
460,000
.
Milwaukee
Duluth
Total
Total
Total
Total
bush.
100.000
.
Chicago
bush.
121,000
2,691.000
5,225,000
1,416,000
423,000
.
STOCKS.
Corn,
539,000
569,000
3,000
.
Baltimore
New Orleans
Galveston
Buffalo
“
afloat
Toledo
Detroit
*•
afloat
GRAIN
Wheat,
[VoL
FOREIGN DRY
GOODS.—Imported lines of fine suit¬
serges and light-weight cheviots for
spring were in fair
demand in the shape of re-orders,
and some initial business
for fall on foreign woolens and worsteds has
been placed.
In linens,
housekeeping lines were the most active, with prices
firmly held. Burlaps were.quiet and a shade lower at 3.70c
ings,
tain staples for
prompt shipment; merchants as a rule were
disposed to wait for the turn of the year before making fresh
commitments.
While sentiment is by no means
optimistic, for light-weights and 4.70c. for 10)^-ounce.
there is in many quarters a more
hopeful
feeling
regarding
the immediate future, due to the belief that
the early part of Importations and Warehouse Withdrawals of
Dry Goods.
the new year will witness an
The importations and warehouse withdrawals of
improved demand. Jobbers,
whose stocks are known to be rather
dry goods
low, have stated that at this port for the week ending Dec. 24 1910 and since
they will need more goods, and will probably order more Jan. 1 1910, and for the
corresponding periods of last year,
freely as soon as their January shipments are out of the way. were as follows:
Reports from the West and South indicate that there has
© ©
NOCgntH
been a good distribution in those
ONffl
sections,
and inquiries
©
that have already come forward
r^t/Sf-eorrH*
o
encourage hopes of a better
^
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application by Western and Southern buyers in' the near
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future.
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Prices were firmly held.
8
In the primary market
e
for cotton goods, the same
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for
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past was in evidence, and mill agents continued
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to talk of further curtailment unless
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have in some cases done a
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improved; certain lines of fall cotton underwear have also c
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a
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©
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usually cool weather in that section. A fair volume of or¬ W 8
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Aside from moderate reorders by cutters a <55 Q«
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for spring fabric, the dress
£
£
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In men’s wear the low
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New York to Dec. 24—
Week.
Great Britain
Other European
China..
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
1,857
960
_
250
1,370
.
.
.
Total
Since
Jan. 1.
52
69
266
171
.2,184
59,395
14,899
15,249
6,637
33,744
1,997
13,557
50,189
48,794
247,278
-1909Since
Week.
Jan. 1.
27
2,024
8
1,102
169,644
508
17,282
25,512
208
16,036
465
39,523
15
1,719
97
13,783
495
53,855
139
23,636
1,962
364,116
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.
DOMESTIC COTTON GOODS.—The
exports of cotton
goods from this port for the week ending Dec. 24 were
2,184
packages, valued at $197,141, their destination being to the
points specified in the tables below:
as
«
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State /wp pin pwetmewt.
Site Chrcmicle.
PUBLISHED WEEKLY.
Terms of
*6 00
$10
00
Sr Six
OneMonths
Year
r
13 00
European Subscription (including postage)
European Subscription *ix months (including postage)
7 50
£2 14 s.
£1 11 s.
$11 50
Annual Subscription in London (including p< stage)
Six Months Subscription in London (including postage)
Canadian Subscription (including postage i
Subscription includes following Supplements—
State and City (semi-annually)
B ank and Quotation (monthly)
Electric Railway (3 times yearly)
Bailway and Industrial (quarterly)
Railway EarnlvGS (monthly)
BankkuS’ convention (yearly)
Advertising—Per Inch Space
Transient matter-per inch space (14 agate
( Two
fttandintr
Standing Business
Business Cards
cards
Months
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lines)
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WILLTAITI
P.O.
i ox
958.
B. DANA
COMPANY, Publishers,
New York*
Front, Pine and Depeyster Sts.,
CENSUS FIGURES OF POPULATION.
Under date of Dec. 15 the Bureau of the Census issued a
bulletin showing the population of all cities having in 1910
at least 25,000 inhabitants.
A list of such cities was printed
in the last number of the “State and City Section/’ issued
Nov. 26.
The bulletin just made public includes eleven
cities the population of which we did not report in the Sup¬
plement, and five cities previously referred to, and the figures
tor
The sixteen cities
which have since been revised.
we
speak of are as follows:
Per Cent
Population.
of Inc.
Cities—
1910.
Atlantic City, N. J__
Augusta, Ga
Chester, Pa
Duluth, Minn
Hazleton, Pa
Minneapolis, Minn
Newburgh, N. Y
Ogden, Utah.
Portland, Ore
Seattle, Wash
Sheboygan, Wls
Spokane, Wash
Superior, Wls
Tacoma, Wash
Tampa, Fla__
Warwick, R. I
..
.
46,150
41,040
38,537
78,466
25,452
4301,408
27,805
25,580
207,214
237,194
26,398
104,402
40,384
83,743
37,782
26,629
1890.
1900.
80,671
22,962
36,848
31,091
37,714
15,839
13,055
33,300
20,226
33,115
11,872
164,738
23,087
14,889
46,385
42,837
16,359
19,922
11,983
36,006
5,532
21,316
17,761
27,838
39,441
33,988
52,969
14,230
202.718
24,943
16,313
90.426
1900 to 1890 to
1910.
1900.
65.8
4.1
13.4
48.1
78.9
48.7
11.5
56.8
129.2
194.0
15.0
183.3
29.9
122.0
138.5
24.9
113.2
18.4
68.0
60.0
19.9
23.1
8.0
9.6
94.9
88.3
40.4
85.0
159.5
4.7
186.3
20.0
News Items.
Babylon, Suffolk Ccunty, N. Y.—Bonds Declared Legal.—
In a decision recently rendered by Justice Stapleton of the
Supreme Court $5,000 bonds issued by this village for the
purchase of land for a shore front park are held to be legal.
Dolores County (P. O. Rico), Colo.—Litigation.—Suit was
started in the District Court on Dec. 13 by the Co-operative
Savings & Loan Association of Denver to recover on two
bonds of $500 each, which matured, it is stated, on Jan. 1
1905 and Mav 1 1906,
respectively.
East Side Levee and Sanitary District, St. Clair County,
HI.—Act Creating District Upheld by Supreme Court.—The
Act of the Legislature creating this district was held to be
constitutional in a decision rendered by the State Supreme
Court on Dec. 8, affirming a judgment which had been ob¬
tained by the County Treasurer against W. J. Bowman for
delinquent taxes due the district.
The
purpose for which
for the pro¬
the district was created was to construct a levee
tection of the City of East St. Louis and other
cities in the
neighborhood and lands from being flooded by the overflow
of the Mississippi River.
Jamestown, Chautauqua County, N. Y.—Validity of
Certain City Bonds Questioned.—At a meeting of the Common
Council on Dec. 27 Corporation Counsel B. S. Dean an¬
nounced his opinion that nearly $1,000,000 of the city’s out¬
standing obligations are invalid, no provision having been
made for raising a sinking fund and interest by annual tax,
as the law requires.
Attention was called to this defect by
the law firm of Caldwell & Reed, who examined the records
for the $40,000 issue of hospital bonds awarded on Nov. 4,
as stated in Y. 91, p. 1400, to W. C. Langley & Co. of New
York City.
Mr. Dean recommends a legislative enactment
to validate the other bond issues on which the city has se¬
cured and used the money.
pyManitowoc, Wis.—Proposed Purchase of Water Plant.—
The City Council on Dec. 19 voted to appeal to the State
Railroad Rate Commission for immediate condemnation of
the plant of the Manitowoc Water Works Co. for city pur¬
chase. .According to local papers the water company, dur¬
ing the Socialist administration, offered its plant for $235,000, the city to pay $35,000 in cash and assume the $200,000
bonded debt.
This proposition was rejected. It is said
that the State Railroad Commission fixed the physical value
of the plant at $233,000, but since that appraisement more
than $20,000 has been spent in improvements.
Massachusetts.—Street Railways That Meet Requirements of
Savings Bank Law.—The Railroad Commissioners have certi¬
fied to the Bank Commissioner, as required by Chapter 590,
Laws of 1908, the following street railway companies as
having annually earned and properly paid, without impair¬
ment of assets or capital stock, 5% dividends for the past
five years:
.Subscription—Payable In Advance
Terms of
1787
THE CHRONICLE
Deo. 311910. |
Co.
Ry. Co.
Ry. Co.
Citizens’ Elec. St. Ry. of Newburyp’t
Dartmouth & Westport St. Ry. Co.
East Middlesex Street Railway Co.
Boston Elevated Railway
Boston & Northern Street
Boston & Revere Electric
Fitchburg & Leominster St. Ry. Co
Holyoke Street Railway Co.
Springfield Street Railway Cb.
Union Street Railway Co.
West End Street Railway Co.
Worcester Consolidated St. Ry. Co.
Railway Co. has been added
while the Pittsfield Electric Street
The Boston & Northern Street
to the list since last year,
Railway Co. has been dropped.
Matteawan-Fishkill Landing, N. Y.—Name Chosen for
New City.—A joint vote was taken Dec. 28 to choose between
the names of Beacon and Matteawan for the new city, to
comprise Matteawan and Fishkill Landing under the com¬
mission form of government.
The name Beacon was chosen,
it is reported, by a majority of 196 votes.
,
Mississippi.—Normal School BondsrDeclfired Valid.—On
Dec. 19 the State Supreme Court rendered a decision up¬
holding the validity of the $100,000 5% bonds of Forrest
County and the $150,000 5% bonds issued by the city of
Hattiesburg to secure the location of the State Normal School.
Both issues were awarded to Weil, Roth & Co. of Cincinnati
some weeks ago, before the litigation was started.
New York-New Jersey.— U. S. Supreme Court Denies
Application of New York City to Intervene in Passaic Valley
Sewer Case.—On Dee. 19 the United States Supreme Court
announced that it had denied the application on behalf of
the city of New York for leave to intervene in the suit
brought by the State of New York to enjoin the State of
New Jersey ffom constructing the Passaic Valiev sewer.
See V. 90, p: 1376.
New York State.—Comptroller's Report to Legislature on
Transfer Tax Law.—Comptroller Clark Williams in his forth¬
coming annual report to tne Legislature points out serious
objections to the Inheritance Tax law as amended last sum¬
mer and recommends that that body consider the detri¬
mental effect of the law in its present form upon the general
interests
of
the
State.
The
amendments
to
which
the
Comptroller refers provided for a system of graded taxes
under which the rate of taxation increases in proportion to
the size of the bequest.
(See editorial remarks in our issues
of July 30, Sept. 3 and Dec. 3.)
The Comptroller calls attention to the tendency to evade the tax by
effecting a change of domicile and predicts that as a result of such action
by the wealthier classes the revenue derived from the tax will eventually
be less than collected under the lower rates.
Comptroller Williams says:
“I do not believe that I am voicing false fears when I predict that such
action will be taken by our ^wealthy citizens.
Evidence is not lacking that
the exodus has already begun.
Although the returns from the transfer
show an increase, I feel certain that unless the law
returns five years hence will be less than they were
under the old rates.
Nor will the loss of revenue from such an exodus
be confined to the transfer tax alone.
The returns from the tax on per¬
sonal property cannot fail to reflect their going.
“I think the Legislature should consider well before continuing a policy
which will result in driving beyond our border men who have a large Inter¬
est In the material development of our State and who are generous con¬
tributors to the support of its charitable and educational institutions.”
tax for next year may
is greatly modified, the
Regarding the effect of the law upon investments in domes¬
corporations, the report says:
tic
“A second objection which may be urged against the present law is the In¬
This is not a theory but
justice which it does our domestic corporations.
a condition.
Instances have lately been brought to my attention In which
foreign capital seeking investment In New York through banking houses
which, by reason of their connections, would under normal conditions
have Invested it in the stocks of domestic corporations, has by reason of the
hardship of this law been diverted from the natural course and invested In
the stocks of corporations domiciled In other States.
No argument is
needed to show the effect which a continuance of the present policy must
have upon the corporations domiciled here.
The great custodial institutions incorporated under the banking law of
the State to care for the property of its citizens are likewise suffering loss
of patronage due to the exactions of this law.
I therefore recommend that
the Legislature give serious consideration to the effect of the present transfer
tax law upon the general interests of the State.”
*•
Ohio.—Supreme Court Renders Decision Concerning Borrow¬
ing Capacity of Municipalities.—The State Supreme Court
rendered a decision Dec. 20 in the case of the city of Cleve¬
land, holding that a municipality may become bonded up
to 4% of the tax duplicate without a vote of the people, and
may borrow an additional 4% with the voters’ approval, or
8% in the aggregate. As stated some weeks ago, the suit
was a friendly one brought to test the legality of $790,000
bonds recently put out by the city of Cleveland.
See V. 91,
p. 1274.
New Law Limiting Bonding Power of Municipalities.—In
connection with the above it is proper to state that an Act
passed by the Legislature on May 10 1910, and which goes into
effect’Jari. 1 1911, amends Sections 3942, 3945, 3948 and
3954 of the General Code so as to limit the bonding power of
townships and municipal corporations to 5% of the tax
duplicate. The sections of the General Code to which we
refer are given below, the new words being printed in italics
and the parts of the law to be eliminated being placed in
brackets.
SECTION 7.
That sections thirty-nine hundred and forty-two, thirtyhundred and forty-five, thirty-nine hundred and forty-eight and
nine
thirty-nine hundred and fifty-four of the
as
follows*
Sec. 3942.
General Code be amended to read
township or munici¬
pal corporation for [such] the purposes mentioned in sections thirty-two hun¬
dred and ninety-five and thirty-nine hundred and thirty-nine of the General
Code shall never exceed [four] two and one-half per cent of the total value
of all the property in such corporation or township, as listed and assessed
for taxation, unless the excess of such amount Is authorized by vote of the
qualified electors of the township or corporation In the manner hereinafter
provided.
The net Indebtedness Incurred by [a] any
1788
THE CHRONICLE
tJSeo. S945.
Such limitation o( one per cent and [four] two and one-half per
oent hereinbefore prescribed shall not affect bonds
lawfully Issued for such
purposes upon the approval of the electors of the township or corporation.
Seo. 3948.
Before any bonds In excess of such limitations of one per cent
and two and one-half [tour] per oent are Issued [or] and tax lexied, the
ques¬
tion of Issuing: them shall be submitted to the voters of the
township or
corporation at
a general or speoial election.
No municipal corporation or township shall create or incur a
net Indebtedness under the authority of this chapter in excess of
five [eight]
per oent of the total value of all the property in suoh t wash o or corpora¬
tion as listed and assessed for taxation.
Bonds issued in good faith for suoh
purposes, which at the time of issue were within the limitations [herein
provided] existing at the time of such issue, shall be valid obligations of the
township or municipal corporation which Issued them.
In ascertaining
the limitations of such [eight] five per cent and of such two and onehalf [four] per cent, all such bonds shall be considered, except those
[hereinbefore] specifically excluded by section thirty-nine hundred and fortysix of the General Code.
MSeo. 3954.
Pennington County (P. O. Thief River Falls), Minn.—
Litigation.—A hearing will be had Jan. 6 on an application
filed with the State Supreme Court Dec. 27 for a writ of
pro¬
hibition to stop the proceedings started
by certain citizens
of Red Lake County to annul the creation out of that
county
of the new county of Pennington.
Spokane, Wash.—Commission Form
of Government
Adopted.—The commission form of municipal government
was adopted at a recent
election, according to dispatches.
Texas.—Decision of Supreme Court Affecting Issuance
of
Bonds for Road and Street Improvement.—On Dec. 14 the
State Supreme Court granted a writ of mandamus
directing
the Attorney-General to
approve certain bonds issued for
street improvement by the city of
Longview. The right to
issue the bonds was claimed under a law enacted
by the last
Legislature permitting bonds to be issued against the 15c.
road and bridge tax heretofore used
only for purposes of
repair and current expenditures for such purpose.
The
Attorney-General held that the Act referred to was uncon¬
stitutional, the 15c. tax having been created for current use,
and therefore could not be used to
support a bond issue.
The Supreme Court decides that this contention is
wrong and
that the Legislature had the power to enact
the law in ques¬
tion.
Vicksburg, Warren County, Miss.—City Sells Railroad
Stock.—According to New Orleans papers, the city has agreed
to sell to the Illinois Central RR. Co. for
$50,000 its holdings
of
$100,000 stock in the Louisville New Orleans & Texas
RR., now the Yazoo & Mississippi Valley RR. Co. (Illinois
Central system). The stock was given to the
city some years
ago, it is said, for right-of-way privileges and other consid¬
erations.
Wisconsin.—Proposed Income Tax Bill.—An
bill has been prepared by a special
and will be recommended for passage
income tax
legislative committee
to the Governor.
'The measure Is said, to provide that an income tax shall
go into effect
April 1 1912. Interest, dividends and profits of all character from bonds,
notes, loans or any other securities and earnings from a profession or a
business are among the provisions upon which the tax shall be
reckoned.
On incomes ranging from 31,000 to 312,000 and over the bill
provides, It Is
stated, for a graduated tax ranging from 1 to 6%.
Single persons with a
3600 Income and an 3800 Income of husband and wife are
exempt from
taxation.
fVoi,.
LXXXXK.
Angola, Erie County, N. Y.—Bond Sale.—On Dec. 22 the
$55,000 5-29-year (serial) coupon water-works bonds de¬
scribed in V. 91, p. 1659, were awarded to Isaac W. Sherrell
of Poughkeepsie at 100.25 for
4J^s.
Ann Arbor, Washtenaw County, Mich.—Bond Election
Proposed.—An ordinance is before the Council providing for
an election to vote on the
question of issuing hospital bonds.
We are informed, however, that no further action will be
taken before January or February.
Ardmore, Fall River County, So. Dak.—Bond Offerina.—
Proposals will be received until 5 p. m. Jan. 15 1911 (this
date falls on Sunday, but it is so given in the official adver¬
tisement) by C. H. Hartman, Village Clerk, for $4,000 5%
coupon water-works bonds.
Authority Chapter 173, Laws of 1905.
Denomination 3500. Date
Interest annually at the Ardmore State Bank in Ardmore.
Maturity Jan. 1 1931. Bonds are tax-exempt. Certified oheok for 2% of
bid, payable to the Town of Ardmore, is required. No debt at present.
Jan. 1 1911.
Ashland, Jackson County, Ore.—Bonds Defeated.—It is
stated that
an
election held Dec. 14 resulted in
a
defeat of
propositions providing for the issuance of the $170,000 waterworks-system improvement bonds mentioned in V. 91,
p. 1526.
J
Ashtabula, Ashtabula County, Ohio.—Bonds Authorized.
—Local papers state that the City Council has authorized the
issuance of $2,700 street bonds.
Ashtabula School District (P. O. Ashtabula), Ohio.—
Bonds Authorized.—The issuance of $10,000
coupon schooladdition bonds has been authorized,
according to reports.
Denomination $500.
Maturity $500 yearly on Oct. 1 from
1912 to 1931 inclusive.
Auburn, Androscoggin County, Me.—Bond Sale.—On
$24,000 4% sewer bonds were awarded to Hayden,
Dec. 27
Stone & Co. of Boston at 101.876.
Denomination 3500.
turity Jan. 2 1921.
Date Jan. 2 1911.
Interest semi-annual.
Ma¬
Austin, Travis County, Texas.—Bonds Registered.—The
5% school
State Comptroller on Dec. 24 registered
$75,000
bonds.
Maturity “serially after 5 years.”
Bee"County (P. O. Beeville), Tex.—Bond Offering.—Pro¬
posals will be received until Jan. 9 1911 for the $75,000 4 J^%
10-40-year (optional) court-house bonds mentioned in V. 91,
p. 1048.
Bell County Common School District No. 3, Tex.—Bond
Sale.—The $1,000 5% 5-10-year (optional) bonds
registered
by the State Comptroller on Sept. 27 (V. 91, p. 976) have
been awarded to the Bell
County Permanent School Fund at
par and accrued interest.
Bell County Common School District No. 42, Tex.—Bonds
Awarded in Part.—Of the $4,000 5% 5-40-year
(optional)
bonds registered by the State Comptroller on
Sept. 27 (V. 91,.
p. 976), $1,500 have been sold to the Bell County Permanent
School Fund at par and accrued interest
Bellevue, Allegheny County, Pa .—Bond Election Pro¬
posed.—An election, it is stated, to vote on the question of
issuing $25,000 street-improvement bonds is being con¬
sidered by the Borough Council.
Beloit, Rock County, Wis.—Bond Sale.—On Dec. 22 the
$25,000 coupon refunding bonds described in V. 91, p. 1659,
.
Bond Proposals and Negotiations this week
have been
follows:
as
Aberdeen, Brown County, So. Dak.—Bond Election.—An
10, according to reports, to vote
$100,000 sewer-system-extension
election will be held Jan.
on the question of
issuing
bonds.
Aberdeen,
Chehalis
County, Wash.—Bond Sale— On
Filing District No. 1 local-
Dec. 7 the $275,000 coupon
improvement bonds described in V. 91, p. 1275, were
awarded to the Tacoma Dredging Co. at 95 and accrued
interest.
Ada, Pontotoc County, Okla.—Bonds Voted.—An election
held recently is said to have resulted in a favorable vote on
the question of issuing the $100,000 water-works-extension
bonds mentioned in V. 91, p. 1195.
Aiken, Aiken County * So. Caro.—Bids Rejected.—All bids
on Dec. 15 for the $78,000
4j^% 20-40-year (op¬
tional) coupon water-works-extension bonds described in
V. 91, p. 1526, were rejected.
The highest bid received was
received
of 95 and accrued interest.
Albert Lea, Freeborn County, Minn.—Bond Sale.—The
following loans, offered on Dec. 13 and described in V. 91,
p. 1585, were purchased by Butler Bros, of St. Paul as 5s.
one
391.000 permanent
Jan. 1
improvement revolving fund
1921.
certificates.
Maturity
18,000 (city’s portion) Improvement bonds. Maturity Jan. 1 1925.
20,000 bonds, of which 315,500 will be used to fund outstanding water
warrants and 34,500 to extend the water mains.
Maturity 32,000
yearly on Jan. 1 from 1916 to 1925 inclusive.
awarded to the Second National Bank in Beloit at
104.80 and accrued interest as 4j^s.
The following bids were
received:
were
For 4 Yi % Bonds.
Second Nat. Bk., Beloit. .326,200
N. W. Halsey & Co., Chic. 25,630
A. B. Leach & Co., Chic.. 25,512
H. T. Holtz & Co., Chic.. 25,507
Emery, Peck & Rockwood,
Chicago
25,472
Farson, Son & Co., Chic.. 25,461
National City Bank, Chic. 25,412
Continental & Commercial
Trust & Sav. Bank,Chic 25,387
Beloit Sav. Bank, Beloit.. 25,342
N. W. Halsey & Co. of Chicago
00
00
00
00
50
E.H.Rollins & Sons.Chic.325,337 50
Wm.R.Compton Co.,St.L_ 25,275 00
C. E. Denison & Co., Bos. 25,272 75
Coffin & Crawford, Chic.. 25,245 00
Harris Tr. & Sav. Bk., Ch. 25,221 00
Beloit State Bank, Beloit. 25,062 80
50
50
For 5% Bonds.
S. A. Kean & Co., Chic...325,876
J. B. O’Brien & Co., Bos. 25,750
50 Seasongood & Mayer, Cin 25,705
50 C. H. Coffin, Chicago
25,552
00
00
00
00
also bid 325,037 50 for 4>*s.
Maturity 31,000 yearly on Jan. 1 from 1912 to 1926 Inclusive and 32,000
yearly on Jan. 1 from 1927 to 1931 Inclusive.
Boone, Boone County, Iowa.—Bond Offering.—Proposals
Jan. 18 1911 for $150,000
4% water-works bonds.
will be received until 7:30
p. m.
Authority vote of 1,624 to 23 at election held Deo. 12.
1931, subject to call after May 1 1921.
Maturity May 1
Bucyrus, Crawford County, Ohio.—Bids.—The following
were received on Dec. 22 for the
$25,000 4J^% coupon
(city’s portion) street-improvement bonds awarded, as
stated in V. 91, p. 1723, to the Bucyrus
City Bank in Bucyrus
at
bids
102.99 and accrued interest.
Allentown School District (P. O. Allentown),
50 Seasongood & Mayer, Cin.325,583 00
Lehigh
Breed & Harrison, Cincin. 25,550 00
County, Pa.—Bond Sale.—On Dec. 27 the $170,000 4%
00 First National Bank. Buoy.25,545 29
00 N. W. Harris & Co., N. Y. 25,544 00
coupon refunding and school-building bonds described in
00 Farmers’ & Cit. Bk., Buoy.25,495 00
V. 91, p. 1659, were sold to local investors,
00 Second Nat. Bk., Bucyrus 25,450 00
including the
Merchants’ Bank and the Lehigh Valley Trust & Safe De¬
Buffalo, N. Y.—Loan Authorized.—The issuance of $100,posit Co., for $171,606 80—an average price of 100.945.
000 4% temporary bonds or certificates of
indebtedness due
Anaheim School District, Orange County, Cal.—Bonds July t 1911 has been authorized for
the purpose of
Defeated.—The election held Dec. 17 resulted in a vote of part of the cost of purchasing lands to be used as as paying
ite for
63 ‘Tor” to 102 “against” the proposition to issue the school¬ the new technical
high school.
building and playground bonds mentioned in V. 91, p. 1526.
Burnet Gounty Common School District No.
16, Texas.—
Andrews County (P. O. Shatter Lake), Texas.—Bond Elec¬ Bonds
Registered.—On Dec. 20 the State Comptroller regis¬
tion.—An election will be held to-day (Dec,
31), according to tered $800 5% 5-20-year (optional) bonds.
reports, to vote on a proposition to issue $8,000 court-houseButler School District (P. O.
Butler), Butler County, Pa.—
construction bonds.
is3 £ i si
Bonds Not Sold.—Up to Dec. 28 no sale had
yet been made
Bucyrus City Bk.,Bucyrus 325,747
Dayton Savings & Trust
Co., Dayton
25,725
Davies-Bertram Co., Cin. 25,663
Weil, Roth & Co., Clncin. 25,645
Barto, Scott & Co., Colum. 25,621
7,502-year
Dec. 5 and
bonds offered on Dec. 1 and described in V., 91, p. 1276,
have been sold to S. A. Kean & Co. of Chicago at par.
Caldwell County (P. O. Lockhart), Tex.—Vote on Bonds.—
We are advised that the vote cast at the election held Dec. 19,
which resulted in favor of the proposition to issue the $25,000
Cincinnati, Ohio.—Bond Sale.—Dispatches state that
$1,000,000 40-year boulevard and park, $1,000,000 50year hospital and the $800,000 40-year grade-crossingabolition 4% coupon bonds offered on Dec. 29 and described
in V. 91, p. 1526, were awarded, it is stated, to Wm. L.
Salomon & Co. and Rhoades & Co., both of New York City,
at their bid of 100.66 for each issue.
Bonds are dated Dec.
of the $50,000 4% Series “H”
described in V. 91, p. 1526.
bonds offered
on
5% 10-40-year (optional) Road District No. 2 gravel-road
bonds (V. 91, p. 1723), was 53 “for” to none “against.”
Our informant further states that
no
action will be taken
looking towards the issuance of these bonds until the regular
term of the Commissioner’s Court, which meets Feb. 13 1911.
Calexico, Imperial County, Cal.—Bids Rejected.—All bids
received on Dec. 20 for the $35,000 6% gold sewer-system
bonds described in V. 91, p. 1526, were rejected.
Calhoun County (P. O. Anniston), Ala.—Bond Election
Proposed.—The question of calling an election to vote on the
issuance of from $300,000 to $400,000 good road bonds is
being agitated.
Calhoun County (P. O. Port Lavaca), Tex.—Bond Offer¬
ing.—Proposals will be received until 12 m. Jan. 2 1911 by
the County Commissioners’ Court for the following 5% bonds,
which, as already reported in these columns, have been
registered by the State Comptroller.
$44,000 10-40-year (optional) court-house bonds.
5,000 5-20-year (optional) bonds of Common School District No. 10.
4,000 5-20-year (optional) bonds of Common School District No. 5.
Certified check for 5% of bid is required.
W. C. Best is County Clerk.
Cameron County (P. O. Brownsville), Tex.—Bonds Au¬
thorized.—We see it stated that at a meeting of the Drainage
Commissioners held Dec. 15 the issuance of the $204,500
,
1789
THE CHRONICLE
Deo. 31 1910,
5% 30-year Drainage District No. 1 bonds was authorized.
As reported in V. 91, p. 1466, these bonds have already been
authorized by the County Commissioners.
Canton, Stark County, Ohio.—Bond Offering.—Proposals
will be received until 12 m. Jan. 9 1911 by Emmet C. Brum¬
baugh, City Auditor, for the following 4)^% sewer-construction bonds:
$5,400 bonds.
Denomination $1,000, except one bond of $400.
Maturity
on Sept. 1 as follows: $1,000 In 1912 and 1913, $2,000 in 1914 and
$1,400 in 1915.
1,900 bonds.
Denominations: $1,000 and $900. Maturity $1,000 on
Sept. 1 1913 and $900 Sept. 1 1915.
Date Sept. 1 1910.
Interest semi-annual. Certified check on some
bank in Canton for 5% of bonds bid for, payable to the City Treasurer,
is required.
Purchaser to furnish blank bonds at his own expense.
the
15 1910.
Bonds
been passed pro¬
viding for the issuance of the following 4% coupon bonds:
$7,500 20 year McAlpin and Sherlock Aves. Improvement bonds, dated
Authorized.—Ordinances
have
Dec. 1 1910.
W. Eighth St. sewer-improvement (city’s portion) bonds,
dated Dec. 1 1910.
6,000 20-year Cass Ave. Improvement
Dec.
1
(city’s
portion)
bonds dated
1910.
9,000 20-year Wellington Place (city’s portion) bonds dated Dec. 1
2,000 15-year Baltimore Ave. widening bonds dated Dec. 1 1910.
22,000 20-year alley and street-improvement (city’s portion) bonds
Dec.
1
1910.
dated
1910.
125,000 20-year water-wqrks-lmprovpnjent bands dated Jan. 2 1911.
9.500 20-year Maplewood Ave. opening bonds dated Dec 1 1910.
1.500 10-yeat Rlttenhouse St. sewer (city’s portion) bonds dated Dec.
1
1910.
25,000 30-year fire-house bonds dated Dec. 15 1910.
7.500 20-year sewer (city’s portion) bonds dated Dec. 15 1910.
24,000 20-year Station Avenue improvement (city’s portion)
dated Jan. 11911.
Denomination $500 or multiples thereof.
bonds
Interest semi-annual.
Claude Independent School District (P. O. Claude), Arm¬
strong County, Texas.—Bonds Registered.—The State Comp¬
troller registered $4,000 5% 10-20-year (optional) bonds
on
Dec. 20.
Cleveland, Ohio.—Bond Sale.—On Dec. 27 the $500,000
4% 30-year coupon grade-crossing bonds described in V. 91,
p. 1526; were sold to Otis & Hough and Hayden, Miller & Co.,
both of Cleveland, at par.
Clinton County (P. O. Plattsburgh), N. Y.—Bond Sale.—
W. N. Coler & Co. of New York City, offering 103.03, were
the successful bidders on Dec. 15 for the $110,000 43^%
registered refunding bonds described in V. 91, p. 1586.
Maturity on Jan. 2 as follows: $3,000 In each of the years 1912
and $4,000
and 1913
yearly from 1914 to 1939 inclusive.
Lawrence County, Ohio.—Bid.—A bid of
Coal Grove,
(P. O. Van Buren), Mo.—Bonds Defeated.—
The proposition to issue the $20,000 court-house bonds men¬
tioned in V. 91, p. 895, was defeated.
Cass County (P. O. Atlanta), Iowa.—Bond Sale.—The
Harris ^Trust & Savings Bank of Chicago was awarded on
Nov. 14Wi issue of $35,000 4^% bridge-work bonds at par.
102.55 was received from the Dresden National Bank in
Dresden for the $2,000 5% 5-year coupon prison bonds
offered on Dec. 15 and described in V. 91, p. 1586.
Denomination $1,000.
Date Jan. 1 1911. Interest annual. Maturity
Jan. 1 1926, subject to call one-third in each of the years 1916 and 1921.
(optional) School District No. 37 bonds registered by the
Comptroller on Nov. 4 (V. 91, p. 1343) have been sold.
Coleman County Common School District No. 30, Tez.—
Description of Bonds.—The $500 5% 5-10-year (optional)
bonds registered by the State Comptroller on Oct. 26 (V. 91,
p. 1276) are in denomination of $100 and dated April 15 1910.
Interest annually on April 1.
Coleman County Common School District No. 52, Tex.—
Description of Bonds.—The $3,296 5% 10-20-year (optional)
bonds registered by the State Comptroller on Oct. 26 (V. 91,
p. 1276) are in denomination of $164 80 and dated April 15
1910.
Interest annually on April 1.
Columbus, Ohio.—Bonds Authorized.—Ordinances have
been passed providing for the issuance of the following 4%
coupon bonds:
Carter County
Central Park Graded School District (P. O. McHenry),
Ohio County, Ky.—Bonds Offered by Bankers.—An issue of
$6,000 6% 10-20-year (optional) school-building bonds is
being offered to investors by Cutter, May & Co. of Chicago.
Denomination $1,000.
Date Nov. 1 1910. Interest semi-annually at
the Western Trust & Savings Bank in Chicago.
Total bonded debt, this
I
Assessed valuation $303,000.
ue
Real value (estimated), $500,000.
Chatham Township School District
Morris County, N? J.—Bond Sale.—The
(P. O. Chatham),
$4,000 5% 10-year
coupon school bonds offered on Dec. 28 (V. 91, p. 1723),
were sold to the Morris County Savings Bank at 100.30.
A
bid of par was also received from the State of New Jersey.
Denomination $400.
Madison Bank.
Date Jan. 1 1911.
Interest semi-annually at the
Chehalis County School District No. 28, Wash.—Bond
Offering.—Proposals wil be received until 1 p. m. Jan. 7
1911 by G. J. Taylor, County Treasurer (P. O. Montesano),
for $60,000 bonds at not exceeding 6% interest.
Denomination $1,000.
Interest semi-annual. Maturity 20 years after
date of issue.
Certified check for 2% of bonds Is required.
Cherryvale, Montgomery County, Kan.—Bonds Voted.—
It is stated that an election held Dec. 20 resulted in a fa¬
vorable vote on the question of issuing $105,000 water-im¬
provement bonds.
Cheviot (P. O. Cincinnati), Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. Jan. 3 1911 by Charles
Craig, Village Clerk, for $8,200 5% Trevor Avenue improve¬
ment assessment bonds.
Authority, Section 3914 of the General Code (Section 95 of the Municipal
Code).
Denomination $820.
Date “day of sale.”
Interest annual.
Maturity $820 yearly from 1912 to 1921 Inclusive.
Certified check for
10% of bonds bid for. payable to the Village Treasurer, Is required.
Pur¬
chaser to pay accrued mt rest.
Chicago (III.) Sanitary District.—Bids.—We are advised
that the following bids were received on Dec. 22 for the $1,000,000 4% coupon bonds awarded on that day, as stated
last week, to A. B. Leach & Co. and N. W. Halsey & Co.,
both of Chicago,, at their joint bid of 99.2863.
A. B. Leach & Co
199.2863
N. W. Halsey & Co
j
Harris Tr. & Savings Bank..98.9288
Continental & Comm’l Tr.’
& Sav. Bank, E. H. Rol-)98.815
11ns & Sons and Wm. Sal¬
omon & Co
FoUansbee & Co
98.67
Farwell Trust Co
l
West. Trust & Sav. Bank.. 198.65
Wm. R. Compton Co
J
First Tr. & Sav. Bank
98.41
Estabrook
& Co., White,
Weld & Co. and Chicago 98.409
Savings Bank & Tr. Co.
Wm. A. Read & Co
Illinois Tr. & Sav. Bank
98 .3357
98 .24
98 .1315
Lee, Hlgginson & Co
Farson, Son & Co
97 .001
Well. Roth & Co
a98 .825
Hibernian Banking Ass’n.__698 .75
Print’g Trades Mutual Fire! z96 .50
Insurance Co
ji/97 .875
a For $175,000 bonds.
6 For $152,000 bonds due In 1913,
1931.
* For $4,000 bonds,
y For $5,000 bonds.
The above bidders are all of Chicago.
-
1930 and
Ohristiansburg, Montgomery County, Va.—Bond Sale.—
$40,000 5% 15-30-year (optional) coupon water-works
The
Coleman County Common School Districts, Tez.—Bond
Sale.—We are advised that the $2,000 5% 5-10-year (op¬
tional) School District No. 35 and the $3,000 5% 10-20-year
State
,
$200,000 refunding sewer bonds dated Jan. 1 1911.
Interest Is payable
v
of Columbus. Maturity Jan. 1 1931.
1,000 Rhoads Ave. Improvement-assessment bonds.
Date not later
than Feb. 1 1911.
Interest Is payable at the City Treasurer’s
office.
Maturity Sept. 1 1922, subject to call after Sept. 1 1911.
The above bonds are In denominations of $1,000 each.
Interest semi¬
at the agency
annual.
An ordinance has also been
of a $2,000 4% coupon
ance
passed providing for the issu¬
sanitary emergency bond.
Date “not later than Dec. 31 1910.”
Interest March 1 and Sept. 1 at
the City Treasurer’s office.
Maturity Sept. 1 1912.
Como Independent School District (P. O. Como), Hopkins
County, Texas.—Bonds Registered.—On Dec. 19 $5,000 5%
20-40-year (optional) bonds vrere registered by the State
Comptroller.
Concord, Middlesex County, Mass.—Temporary Loan.—A
temporary loan of $15,000 was awarded, on Dec. 28 to Lee,
Higginson & Co. of Boston at 3.35% discount. Loan ma¬
tures June 29 1911.
Corning, Tehama County, Cal.—Bond Offering.—Pro¬
posals will be received, it is stated, by E. L. Randall, City
Clerk, for $50,000 water-plant and $20,000 sewer-system
bonds.
Corpus Christi, Nueces County, Tex.—Bonds Authorized.—
City Council, it is stated, has authorized the issuance of
$140,000 sewer bonds. It is further reported that only $75,000 of the issue will be disposed of at this time.
Covington County (P. O. Collins), Miss.—Bond Offering.—
Further details are at hand relative to the offering on Jan. 2
1911 of the $25,000 6% Road-District No. 3 bonds mentioned
in V. 91, p. 1527.
Proposals for these bonds will be received
until 12 m. on that day by the Board of County Supervisors.
The
Denomination $500.
Interest annually at the
Date Jan. 1 1911.
County Treasurer’s office.
Maturity $4,000 yearly on Nov. 1 from 1920
to 1925 Inclusive and $1,000 on Nov. 1 1926.
Certified check for $500,
payable to J. E. Odum, President of Board of Supervisors, Is required.
Bids to be unconditional.
Purchaser to pay for preparation and,,litho¬
graphing of bonds.
R. Norwood Is Chancery Clerk
1790
THE CHRONICLE
Crockett County Common School District No.
1, Tex.—
Bonds Awarded in Part.—On Dec. 1
$5,000 more of the
$25,000 5% 5-40-year (optional) bonds registered on Aug. 12
by the State Comptroller (V. 91, p. 477) were purchased by
the State School Fund at par
and interest. This makes a
$20,000 bonds of this issue sold to the State to date.
See V. 91, p. 1343.
.<
4
i
total of
,
Debeque, Mesa County, Colo.—Bonds Defeated.—Reports
state that an election held Dec. 20 resulted in the defeat of
the question of issuing
water-works-system bonds.
Doming, Luna County, N. Mex.—Bond Election.—An
election will be held Jan. 14 1911,
according to reports, to
vote on the question of
issuing $38,000 sanitary-sewerage-
system bonds. 44SM4 4 *
Dillon, Marion County, So.JCaro.—Bond Sale.—The $15,000
•
coupon electric-light-plant-construction and equipment
bonds offered on Nov. 15 and described in V.
91, p. 1343,
were awarded about Dec. 14 to Coffin &
Crawford of Chicago
for $15,025, less $750 for
expenses, for 5s.
Denominations $500
after 20 yearsJ
•
to
$1,000.
Maturity 40
•‘2+rM.z+
years,
subject to call
*
Dorranceton School District (P. O.
(VOL.
LX&XXi
3,052 Dunham Ave. bonds.
Denomination $500, except one bond for
$52.
Maturity $52 on Oot. 1 1912 and $500 on Oct. 1 In each of the
years 1913, 1915, 1917, 1919, 1920 and 1921.
Authority, Section 3914, General Code. Date “day of sale.” Interest
April 1 and Oct. 1 at the Village Treasurer’s office. Certified check for
10% of bonds bid for, payable to the Village Treasurer, is required.
Pur¬
chaser to pay accrued interest.
Essex
County, Mass.—Note Sale.—F. S. Moseley & Co. of
Boston, offering 100.56, were the successful bidders on Dec.27
for $10,000 4% coupon
highway notes offered on that day.
The following bids were received:
F. S. Moseley & Co., Bost..100.56
City Nat. Bank, Gloucester.100.511
Loring, Tolman & Tupper,
Boston
The notes
tion $5,000.
Merrill, Oldham & Co., Bost.100.149
Cape Ann Nat. Bank, Glouc.100.06
Blodget & Co., Boston
100.08
*..100.1875
dated Dec. 1 1910 and mature June 1 1912.
Interest semi-annually In Boston.
are
Denomina¬
Everett, Middlesex County, Mass.—Bond Sale.—On
Dec. 27 the $25,000 4% 30-year
coupon tax-exempt sewer
bonds described in V. 91, p. 1723, were awarded to F. S.
Moseley & Co. of Boston at 108.95 and interest—a basis of
about 3.515%.
The other bidders were:
Blake Bros. & Co., Boston..108.34
Jackson & Curtis, Boston
107.97
E. H. Rollins & Sons, Bos
108.316 Blodget & Co., Boston
107.64
Adams & Co., Boston
108.19
Geo. A. Fernald & Co., Bos_107.571
E.M.Farnsworth & Co., Bos. 108.08
R. L. Day & Co., Boston
107.349
Kuhn, Fisher & Co., Boston.108.073 N. W. Harris & Co., Boston.106.57
Merrill, Oldham & Co., Bos.108.039 Perry, Coffin & Burr, Bos
105.52
Estabrook & Co., Boston
108.02
Wilkes-Barre), Lu¬
County, Pa.—Bonds Authorized.—Local papers state
that at a meeting of the School Board on Dec. 21 it
was
voted to issue $45,000 school-erection and
Falls City, Richardson County, Neb.—Bond Sale.—The
equipment bonds.
Douglas County (P. O. Roseburg), Ore.—Bond Election $12,500 5% 10-20-year (optional) coupon railroad-aid bonds
Proposed.—According to reports, there is talk of calling an offered last February and described in V. 90, p. 390, have
election to vote on the question of
issuing $1,000,000 50-year been sold, we have just been informed, to local investors
at par.
road-building bonds at not exceeding 5% interest.
a
Falls City, Ore.—Bond Election.—We are advised that an
&Dover (P.;0. Canal Dover), Tuscarawas County, Ohio.—
Bond Sale.—On Dec. 1 $10,000 4%
election will be held Jan. 2 1911 to vote on the
5-14-year (serial) electricquestion of
light and power-plant bonds were awarded to the Exchange issuing $25,000 20-year bonds at not exceeding 6% interest.
National Bank in Canal Dover at 100.105 and accrued inter¬
Fembank, Hamilton County, Ohio.—Bond Offering.—
est.
It appears bids for these bonds were not
rejected,
as Proposals will be received until 12 m. Jan. 28 1911 by E.
was
first reported in the newspapers.
V. 91, p. 1586. Ellwood Wynne, Village Clerk, at the office of A. Stuart,
Denomination $500. Date Dec. 1 1910. Interest
April and Mayor, Nos. 227 to 229 West Pearl St., Cincinnati, for the
October.
$20,000 43^% 20-year water-pipe-laying bonds mentioned
Dubois County (P. O. Jasper), Ind.—Bond Sale.—On in V. 91, p. 1660.
Dec. 24 the $8,000 4% coupon court-house bonds described
Authority Sections 2835, 2836 and 2837, Revised Statutes. Denomina¬
in V. 91, p. 1660, were awarded to Breed & Harrison of Cin¬ tion $500. Date Dec. 1 1910. Interest semi-annual. Maturity Dec. 1
1930. Certified check for 5% of bonds bid
for, payable to Thomas Jouvet,
cinnati at 101.562 and accrued interest.
The following bids Village Treasurer, is required. Purchaser to pay accrued Interest.
were received:
Fisher County Common School District No. 3, Tex.—
Breed & Harrison, Cincin
$8,1251 Farmers’ & Merchants’Bk.,Jas.$8,083
Bond Sale.—An issue of $1,500
Dubois Co.jState Bank, Jas._ 8,1001 Robert A. Kean
5% 10-20-year (optional)
7,800
bonds was disposed of Dec. 1 to the State School Fund at
Maturity $200 each six months from June 15 1911 to Dec. 15 1930
inclusive.
zerne
par
and accrued interest.
Dunkirk, Chautauqua County, N. Y.—Bond Election Pro¬
Fisher County Common School
No. 45, Tex.—
posed.—There is talk of calling an election to vote on the Bond Sale.—On Dec. 1 the State District
School Fund purchased
question of issuing $100,000 city-hall bonds. We are in¬ $1,000
5% 10-20-year (optional) bonds at par and accrued
formed, however, that no definite action has been taken, as interest.
no plans or
specifications have yet been approved.
Flathead County (P. O. Kalispell), Mont.—Bond
Offering.
Durham School District, Butte County, Cal.—Bond
Offer-, —Proposals will be received until Jan. 10 1911 for $52,500
ing.—Proposals will be received until 1 p. m. Jan. 4 1911 by 5% coupon bonds for the construction of five
steel bridges.
the Board of County Supervisors, it is
stated, for the $11,000
Authority, Part 4, Title 2, Chapter 2, Article 3, Revised Statutes 1907,
and
5% school-building bonds voted (V. 91, p. 1400) on Nov. 5.
election held Nov. 8.
Denomination 51 bonds of $1,000 each and
3 bonds of $500 each.
Date March 1 1911.
Denomination $1,000. Interest annual.
Interest Jan. 1 and July 1.
Maturity one bond in Kalispell or New York
City. Maturity March 1 1931, subject to call
yearly.
after 10 years.
East Palestine, Columbiana
County, Ohio.—Bond Offer¬
ing.—Proposals will be received until 12 m. to-day (Dec. 31)
by O. L. Butts, Village Clerk, for $20,000 4^% coupon
water-works-improvement bonds.
Denomination $500.
Date Dec. 10 1910.
Interest March and Sept, at
the Chamberlin Bros. & Co. bank in East Palestine.
Maturity $500 yearly
on Sept. 10 from 1912 to 1951 Inclusive.
Bonds are tax-exempt.
Certified
check for 5%, payable to the Village Treasurer, is
required.
East
Peoria
Drainage and Levee District, Tazewell
County, Ill.—Bonds Offered by Bankers.—-Cutter, May & Co.
of Chicago are offering to investors
$40,000 6% improve¬
ment bonds.
*
Denomination $500.
Date Jan. 1 1911.
Interest semi-annually at the
Western Trust & Savings Bank in Chicago.
Maturity on July 1 as follows:
$2,500 in each of the years 1916, 1917, 1919, 1920, 1922, 1923,
1925, 1926,
1928 and 1929 and $3,000 In each of the years 1918,
1921, 1924, 1927 and
1930.
Total debt, this Issue.
Real value (estimated), $1,000,000.
Certified check for 5% Is required.
Fort Worth, Tarrant
County, Tex.—Bond Election Pro¬
posed.—According to reports, the Water Commissioner
recommended that an election be held to vote
tion of issuing $2,000,000 water-works bonds.
on
has
the ques¬
Franklin County (P. O. Brookville), Ind.—Bond
Offering.
—Proposals will be received until 12 m. Jan. 12 1911 by
Chas. A. Miller, County Auditor, for $89,000
4% coupon
court-house-repair and remodeling bonds.
Denomination $500.
Date Jan. 2 1911.
Interest semi-annually at the
Franklin County National Bank in Brookville.
Maturity $1,500 each six
months from June 1 1911 to Dec. 1 1920 Inclusive, $3,000 each six
months
from June 1 1921 to June 1 1928 Inclusive and $3,500 each six
months from
Dec. 1 1928 to June 1 1930 Inclusive.
Certified check on a bank in Franklin
County for 3% of bonds bid for, payable to the Board of
sioners, is required.
County Commis¬
Gainesville, Hall County, Ga.—Bond Sale.—The $100,000
434% 30-year bonds offered without success on July 25
Rutherford), Ber¬ (V. 91, p. 897) have been sold to J. H. Hilsman &
Co. of
gen County, if. J.—Bond Sale.—On Dec. 27 the State School
Atlanta at par and accrued interest.
Denomination $1,000.
Fund purchased $60,000 43^%
11-40-year (serial) school Date
July 1 1910. Interest semi-annually in New York.
bonds at par and accrued interest.
These securities were
offered without success (V. 91, p. 352) on June 14.
Cooke County, Texas.—Bond Election Post¬
Gainesville,
De¬
nomination $1,000.
poned.—The election to vote on the question of issuing the
Interest semi-annual.
5% 50-year bonds for the purchase of the plant of
Ellensburg, Kittitas County, Wash.—Bond Election Pro¬ $150,000
the Gainesville Water Co. has been
postponed from Dec. 14
posed.—This city is still considering the advisability of calling
(V. 91, p. 1467) to Jan. 10 1911.
an election to vote on the
proposition to issue the $300,000
Galion, Crawford County, Ohio.—Bond Offering.—Propo-H
water-system bonds. See V. 91, p. 1276.
""Elmore County (P. O. Wetumpka), Ala.—Bond Offering.— als will be received until 12 m. to-day (Dec. 31) by C. S.
Hetrick, City Auditor, for $27,000 4*^% street-improve¬
Proposals will be received until Jan. 23 1911 by the Board ment
(city’s portion) bonds.
of County Commissioners, H. J.
Lancaster, Clerk, for
Authority, Section 3939, General Code.
Denomination $500.
Date
$170,000 5% gold coupon road-improvement bonds.
Dec. 1 1910.
Interest semi-annual.
Maturity $3,000 yearly on Dec. 1
East Rutherford School District (P. O.
Authority election held Nov. 8 1910. Denomination $1,000.
Date
Jan. 1 1911.
Interest semi-annually at the American Exchange National
Bank of New York City.
Maturity 30 years. Certified check for 2% ol
bid, payable to the County Treasurer, is required.
Bidders must satisfy
themselves as to the legality of the issue before
making oiler, as no condi¬
tional bid will be considered.
•
Euclid, Cuyahoga County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. Jan. 9 1911 by Nelson J.
Brewer, Village Clerk, for the following 43^% coupon watermain-construction assessment bonds:
$2,947 Cliffview Ave. bonds.
Denomination $500, except one
$447. Maturity $447 on Oct. 1 1913 and $500 on Oct.
of the years 1915, 1917, 1919, 1920 and 1921.
2,742 Hlllvievr Ave. bonds.
Denomination $500, except one
$242.
Maturity $242 on Oct. 1 1912 and $500 on Oct
of the years 1914, 1916, 1918, 1920 and 1921.
bond for
1 in each
bond for
1 in each
from 1915 to 1923 Inclusive.
Purchaser to pay accrued interest.
Gallatin
County (P. O. Bozeman), Mont.—Bond Offering.
—Proposals will be received until 10:30 a. m. Jan. 20 1911 by
W. E. Brandenburg,
County Clerk, for $35,000 43^% coupon
county-jail bonds.
Denomination $1,000.
Date March 1 1911. Interest Jan. 1 and
July 1
at the County Treasurer’s office.
Maturity March 1 1931.
Certified
check for $1,000,payable to the County, is
required.
Delivery
of
bonds
March 1 1911.
No conditional bid will be considered. Purchasers
to pay
accrued interest.
Blank bonJs to be famished by purchaser.
Goltry School District (P. O. Goltry), Alfalfa County,
Okla.—Bond Election.—An election has been
called, it is
reported, to vote on the question of issuing $13,000 school¬
building bonds.
Dec. 311910. j
THE CHRONICLE
Grand Rapids, Kent County, Mich.—Bonds Authorized.—
On Dec. 27 the Board of Aldermen adopted resolutions pro¬
viding for the issuance of $25,000 sewer and $55,000 streetimprovement 43^% coupon bonds.
Denomination $1,000.
Date May 1 1910.
Interest semi-annual. Ma¬
turity one-fifth of each Issue yearly on May 1 from 1911 to 1915, Inclusive.
Grand Rapids School District (P. O. Grand Rapids), Kent
County, Mich.—Bodn Offering.—We are informed that the
amount of 4% coupon high-school-building bonds which
this district is offering to local investors at 101 andaccrued
interest from Sept. 1 1910 (V. 91, p. 1724) is $50,000.
Sub¬
scriptions will be received, accompanied by a deposit of
5% of bid,
on
Jan. 3, 4 and 5, 1911.
Denominations $100, $500 and $1,000.
Interest semi-annually In March
and September.
Maturity $25,000 In each of the years 1915 and 1916.
The bonds are tax-exempt.
Grandview Heights, Ohio.—Bonds Voted.—The propo¬
sitions providing for the issuance of $2,000 sewer-improve¬
ment and $14,000 water-main-construction bonds submitted
to the voters on Dec. 27 (V. 91, p. 1527) was favorably voted.
The vote polled was, according to reports, 94 to 8.
Grove City, Mercer County, Pa.—Bond Sale.—The $45,000
unding and sewer 4j^% tax-exempt bonds voted on Nov.8
(V. 91, p. 1343) were sold on Dec. 20 to J. S. & W. S. Kuhn,
Inc., of Pittsburgh.
Denomination $1,000.
Date Jan. 1 1911.
Interest semi-annual.
turity part yearly on Jan. 1 from 1921 to 1940 inclusive.
Ma¬
Hanford, Kings County, Cal.—Bond Election Proposed.—
city is considering the advisability of calling an election
to vote on propositions to issue $55,000 sewer, $26,000 fire-
This
main and $4,000 storm-water-drain bonds.
Hansford County Common School District No. 6,
Bonds Registered.—The State Comptroller on Dec.
tered $2,000 5% 5-20-year (optional) bonds.
Texas.—
20 regis¬
Harris County (P. 0. Houston), Tex.—Bond Election.—
Local papers state that a proposition to issue $1,250,000
bonds to deepen the Houston ship channel will be submitted
to
vote of the
people on Jan. 10 1911.
County (P. O. Gulfport), Miss.—Bond Offering.
—Proposals will be received until 12 m. Jan. 2 1911 for
$50,000 6% Road-District No. 2 bonds.
a
Harrison
Authority Chapter
149, Laws of 1910.
Denomination $500.
Date
Interest annually at the County Treasurer’s office.
Ma¬
on Feb. 1 from 1921 to 1935 inclusive and $5,000 on
Feb. 1 1936.
Bids must be unconditional and accompanied by a certified
check for $500, payable to John Scarborough, President Board of Super¬
visors:
Road District No. 2 has no bonded debt at present.
Assessed
valuation of district, “approximately $5,238,978 75.”
The expense of
preparing and lithographing the bonds must be paid by purchaser.
These
bonds were offered but not sold on Dec. 5. See V. 91, p. 1586.
Feb.
1
1911.
turity $3,000 yearly
Hastings, Adams County, Neb.—Bond Offering.—Pro¬
posals will.be received until 5 p. m. Jan. 23 1911 by A. T.
Bratton, City Clerk, for $50,000 5% paving bonds.
Authority Section 55, Chapter 13, Article 3, 1909 Statutes of Nebraska.
Denomination $1,000.
Interest semi-annually at
Date March 1 1911.
KountzeBros. in New York City, who are the fiscal agents for the State of
Nebraska.
Maturity 20 years, subject to call on any interest paying period
after 5 years.
Certified check for 10% of bid, payable to A. H. Cramer,
City Treasurer, is required.
Heavener, Le Flore County, Okla.—Bond Offering.—Pro¬
posals will be received until S p. m. Jan. 4 1911 by J. A.
Chaney, City Clerk, for $50,000 6% water-works bonds. •
Authority Section 27, Article 10; also vote of 68 to 1 at election held
See V. 91, p. 1277.
Denomination $1,000.
Date Jan. 1
semi-annual.
Maturity Jan. 1 1936.
The bonds have been
their legality by the Attorney-General.
This city has no
present.
Assessed valuation in 1910 $332,000.
Nov. 15 1910.
1911.
Interest
approved as to
bonded debt at
Hemphill School District (P. O. Hemphill), Sabine County,
1791
Kansas
City, Kan.—Bond Election.—Reports state that
on the questions
of issuing $350,000 municipal-lighting plant, $50,000 in¬
cinerating plant, $50,000 dike, $50,000 central fire station
election will be held Feb. 14 1911 to vote
an
and
$100,000 auditorium bonds.
City School District (P. O. Kansas City), Jackson
County, Mo.—Bonds Not Yet Re-offered for Sale.—We are
informed under date of Dec. 27 that the $550,000 bonds
(the unsold portion of the issue of $750,000 4% 20-year
gold coupon with privilege of registration as to principal)
school-building bonds mentioned in V. 91, p. 978, have not
yet been re-offered for sale.
Kaw Township (P. O. St. Mary’s, R. F. D. No. 2), Potta¬
watomie County, Kan.—Bond Sale.—An issue of $6,000 5%
bridge bonds was disposed of on Dec. 15 to A. A. Godard of
Topeka at par and accrued interest.
,
Kansas
Denomination $500.
turity part
on
Date Oct. 13 1910.
Interest semi-annual.
years 1915, 1916 and 1917.
Ma¬
Oct. 13 In each of the
Kearny, Hudson County, N. J.—Bond Sale.—On Dec. 14
the $25,000
4)^% 20-year playground bonds dated Dec. 1
1910 and described in V. 91, p. 1468, were sold to John D.
Everitt & Co. of New^York City at 100.382.
<3
King County School District No. 7, King County, Wash.—
Bond Offering.—Proposals will be received until 11 a. m.
Jan. 16 1911 by Matt H. Gormley, County Treasurer (P. O.
Seattle), for $65,000 coupon site-purchase and building
bonds at not exceeding 6% interest.
Denomination $1,000.
Interest semi-annually at the County Treasurer’s
office or at the fiscal agency In New York City.
Maturity 20 years, subject
to call afte, 1 year.
Certified check or draft for 1 % of bonds bid for, pay¬
able to the County Treasurer, is required.
Bonds will be delivered Feb. 1
1911.
Kiowa County (P. O. Hobart), Okla.—Bonds Not Sold.—
An issue of $17,500 6% drainage bonds has been offered with¬
out
success.
Kirkwood, De Kalb County, Ga.—Bond Sale.—We see it
on Dec. 20 the $24,000 sewer and the $36,000
water 5% gold coupon bonds described in V. 91, p. 1528,
were sold to the Robinson-Humphrey Co. of Atlanta for
$60,625—the price thus being 101.041. The sewer bonds
are due part yearly on Jan. 1 from 1920 to 1941 inclusive and
the water bonds mature part yearly on Jan. 1 from 1916 to
stated that
1941 inclusive.
Lake
20 the
Charles, Calcasieu Parish, La.—Bond Sale.—On Dec.
$75,000 city-hall and $25,000 fire-station 5% gold
coupon bonds described in Y. 91, p. 897, were awarded to the
Inter-State Trust & Banking Co. of New Orleans at par and
accrued interest.
Purchaser also agrees to furnish bonds
and attorney’s opinion free of expense to city.
Bids were
also received from Weil, Roth & Co. of Cincinnati, S. A.
Kean & Co. of Chicago and Seasongood & Mayer of Cincin¬
nati.
L’Anse, Baraga County, Mich.—Bond Election —An elec¬
according to reports, to vote
on a proposition to issue $25,000 road-construction bonds.
tion will be held Jan. 9 1911,
Lakewood,
Cuyahoga County, Ohio.—Bond Sale.—On
Dec. 28 the $14,550 5% real-estate-purchase bonds described
in V. 91, p. 1528, were awarded to the First National Bank
in Cleveland at 106.453 and accrued interest.
The follow¬
ing bids
were
received:
First Nat. Bank, Cleveland._$15,4891
Otis As Hough, Cleveland
15,430|
Seasongood & Mayer, CIn—$15,390
Weil, Roth & Co.. Cinoln—15,307
Maturity Oct. 1 1920.
Tex.—Bonds Voted.—An election held recently, it is stated,
Las Animas County (P. O. Trinidad), Colo.—Price Paid
question of issuing $15,000 school- for Bonds.—We are advised that E. H. Rollins & Sons of
Denver paid “practically 99 and interest” for the $155,000
building bonds.
Highland Park School District (P. O. Highland Park), 44*2% coupon refunding bonds recently awarded them.—
Wayne County, Mich.-—Bond Sale.—The $45,000 ^chool- V. 91, p. 1724.
building and site-purchase bonds mentioned in V. 91, p.
Lawrence, Mass.—Bond Sale.—On Dec. 29 $160,000 4%
1661, were sold on Dec. 22 to the Security Trust Co. of De¬ 1-10-year (serial) coupon ordinary-debt bonds offered on
troit at 100.459 for 4% 15-year bonds.
A list of the bidders that day were sold, according to reports, to Blake Bros. &Co.
follows:
*
of Boston at 101.93—a basis of about 3.61%.
Denomina¬
For 15-year For 15-year For 1-15-yr. For 1-15-yr.
tion $1,000.
Date
Dec.
1
1910.
Interest
semi-annually
at
4 yis.
4s.
serial 4s.
serial 4 YiS.
the Old Colony Trust Co. in Boston.
Security Trust Co., Det_ .$45,206 65 $47,722 00 $44,775 00 $46,271 00
N. W. Halsey & Co., Chic a45,300 00
47,362 50
First National Bank
Lawrence, Douglas County, Kan.—Bond Offering.—Pro¬
45,175 00
48,304 00
44,700 00
46,309 00
Detroit Trust Co., Detroit 45,136 00
47,255 00
44,915 00
46,170 00
posals
will be received until 10 a. m. to-day (Dec. 31), it is
W. E. Moss & Co., Detroit 45,040 00
46,012 50
Matthew Finn, Detroit.. 45,007 00
stated, by S. D. Bishop, City Clerk, for $47,337 “Series 1”
47,260 00
44,900 00
46,300 00
E. B. Cadwell & Co., Det. 45,006 00
46,075 00
46,140 00
and $8,640 “Series 2” 5% bonds.
Certified check for 5%
H. W. Noble & Co., Dot.
46,845 00
is required.
a Bid received too late to be considered.
Leavenworth, Chelan County, Wash.—Bonds Voted.—
The bonds are in denomination of $1,000 each and are dated Jan. 2 1911
Reports state that the issuance of $40,000 water-system
Hinds County (P. O. Jackson), Miss.—Bond Offering.— bonds was authorized at a recent election.
Proposals will be received until Jan. 2 1911 for $100,000 of
Liberty Township, Barton County, Kan.—Bonds Voted.—
the $200,000 5% road-construction bonds mentioned in This
township on Dec. 20 voted, it is stated, to issue bridge
V. 91, p. 168.
bonds.
resulted in favor of the
Maturity 2 5 years.
Certified check (or cash) for 5% of bid is required.
W. W. Downing Is Chancery Clerk.
The bonds above offered are for im¬
provements in the First and Fifth Supervisors’ districts.
Huntington Park School District, Los Angeles County,
Cal.—Bond Sale.—On Dec. 5 the $15,000 5% gold bonds
Lincoln
County (P. O. Libby), Mont.—Bond Offering.—
Proposals will be received until 10 a. m. Jan. 23 1911 by the
County Commissioners, at the office of R. T. Fleek, County
Clerk, for $100,000 funding bonds at not exceeding 5% int.
and July 1 at the County Treas¬
to call after ten years. Certified
described in V. 91, p. 1468, were awarded,
the State Board of Examiners for $15,500,
Denomination $1,000.
Interest Jan. 1
urer’s office.
Maturity 20 years, subject
check for 5% of bid is required.
being 103.33.
Lockland, Hamilton County, Ohio.—Bond Sale.—The
Rudolph Kleybolte Co., Inc., of Cincinnati was awarded,
the $10,000 4)di% Wayne Avenue improvement (village’s
portion) bonds offered on Dec. 27 and described in V. 91,
p. 1662, at 103.13 and accrued interest. Maturity Nov. 15
years
Maturity $5,000
on
it is stated, to
the price thus
Dec. 5 in each of the
1920, 1925 and 1930.
Jefferson School District, Los
Angeles County, Cal.—
Sale,—Reports state that $10,000 5% school-building
bonds have been awarded to the American Savings Bank
of Los Angeles at 100.68.
Bond
1920.
1792
THE CHRONICLE
Other bids received
were
as
follows:
Weil, Roth & Co., Cin
$10,288 001 Field,Longstreth&Co.,CIn.$10,257 00
Stacy & Braun, Toledo
10,284 751 Breed & Harrison, Cin
10,251 00
Seasongood & Mayer, Cin. 10,281 00(First Nat. Bk.t Lockland_ 10,243 50
Long Beach, Los Angeles County, Cal.—Bonds Not Sold.—
No^bids were received on Dec. 9 for $72,906 05 7% streetimprovement and sewer-construction bonds offered on
that day.
■Denomination $100, except one bond for $106 05.
Date Nov.
Maturity one-tenth yearly on Nov. 2 from 1911 to 1920 inclusive.
2 1910.
Lorain School District (P. O. Lorain), Lorain County,
Ohio.—Bond Election.—According to reports, an election
will be held Jan. 3 1911 to vote on the question of issuing
$95,000 bonds.
Lowell, Middlesex County, Mass.—Bond Sale.—We see it
stated that the $60,000 4% 1-10-year (serial) coupon water¬
works bonds described in V. 91, p. 1724, were sold on Dec. 28
to Adams & Co. of Boston at 102.064.
Lubbock County (P. O. Lubbock)‘ Tex.—Bond Sale.—The
$17,000 5% 10-40-year (optional) jail bonds registered by
the State Comptroller on Sept. 29 (V. 91, p. 978) were dis¬
posed of during that month, we have just learned, to the
Lubbock County Permanent School Fund and Sinking Fund
at par.
ggLyndhurst (P. O. Rutherford), Bergen County, N. J.—
Bonds Voted.—A proposition to issue $25,000 4^% waterplant-extension bonds was favorably voted on at an election
held Dec. 27.
Maturity Jan. 1 1941.
Mabton, Yakima County, Wash.—Bond Offering.—Pro¬
posals will be received until 8 p. m. Jan. 24 by Scott O. Holt,
Town Clerk, for $11,000 5% municipal-improvement bonds.
Authority Chapter 37,
Denomination
$1,000.
Remington
“day
Date
& Ballinger’s Codes and Statutes.
of Issue.’’
Interest semi-annual.
Maturity 20
years.
Certified check on a national bank for 5% of bid, pay¬
able to the Town Treasurer, is required.
Bids must be unconditional.
McKinney,
Collin County, Tex.—Bonds Registered.—
amounting to $25,000, bearing 5% in¬
terest, were registered by the State Comptroller on Dec. 13.
Maturity 40 years, subject to call after 10 years.
Macon, Bibb County, Ga.—Bond Election.—According to
local papers, an election will be held March 18 1911 to vote
on a proposition to issue $900,000 bonds to
purchase the
plant of the Macon Gas Light & Water Co. See V. 91, p.
School-house bonds
1585.
Martinsville, Henry County, Va.—Bond Offering.—Pro¬
posals will be received until 12 m. Jan. 20 by J. D. Sparrow,
Agent, for $35,000 6% coupon (Series 5) electric-plant-en¬
largement bonds.
**
Authority vote of 212 to 0 at election held Dec. 8.
Date Jan. 5 1911
Interest semi-annually at the Treasurer’s office.
Maturity Jan. 5 1945.
A deposit of 2% is required.
Official circular states that there has never
been any default In payment of Interest or other obligations nor is there
any controversy or litigation pending or threatened affecting the validity
of this or any issue of town bonds, the corporate existence of the town, its
boundaries or the title to any of its property.
*
s£j yL£2didft£
Maryland (Town), Union Free School District No. 4 (P. O.
Schenevus), Otsego County, N. Y.—Bond Sale.—The
$25,000 43^j% 2-26-year (serial) school-building bonds voted
last March (V. 90, p. 1628) have been purchased by Adams &
Co. of New York City.
Denomination $1,000. Date July 1
1910.
Interest annual.
Massena, St. Lawrence County, N. Y.—Bond Offering.—
Proposals will be received until 2 p. m. Jan. 10 1911 by
Barney S. O’Neill, Supervisor (P. O Massena), for $40,000
4^j% coupon Grasse River bridge-construction bonds.
Denomination $1,000.
Date Dec. 1 1910. Interest annually on Feb. 1
at the Supervisors’ office.
Maturity $2,000 yearly on Feb. 1 from 1911 to
1930 Inclusive.
These bonds were offered without success as 4s on Sept. 2.
See V. 91, p. 667.
t •
Michigan City School District (P. O. Michigan City), Laporte County, Ind.—Bond Offering.—Proposals will be re¬
ceived until 2 p. m. Jan. 2 1911 by Edward M. Moran,
Secretary Board of School Trustees, for $10,000 5% high-
school bonds.
40
Denomination $500.
Date Jan. 12 1911. • Interest semi-annually at any
legal depository In Michigan City.
Maturity Jan. 12 1921.
Certified check
for $200, payable to the Board of School Trustees, Is required. • • •
-i
Miller, Lake County, Ind.—Description of Bonds.—The
$12,000 5% electric-light assessment 4 bonds awarded in
October to the South Side Trust & Savings Bank in Gary at
par and accrued interest and cost of printing bonds (V. 91,
Interest Febru¬
p. 1662), are in denominations of $500 each.
ary and August.
Maturity $1,000 each year from 1915 to
1926 inclusive.
Mingo County (P. O. Williamson), W. Va.—Bond Offer¬
ing.—Proposals will be received until 3 p. m. Jan.21 1911 by
James Damron, County Clerk, for $40,000 5% coupon court¬
house improvement bonds.
Interest annual.
Authority, election held on Nov. 8.
Maturity 20
years, subject to call after 10 years.
Certified check for $500 is required.
Mississippi.—Additional Sales of Bonds.—We
see
it stated
that up to Dec. 24 $306,000 of the $600,000 4% 20-year
bonds had been disposed of.
This makes a total of $31,000
bonds sold since our last report.
See Y. 91, p. 1587.
Montgomery, Ala.—Bonds Authorized.—An ordinance has
passed providing for the issuance of the $40,000 5%
gold coupon street-improvement bonds
been
.
Denomination $1,000.
Date Jan. 1 1911.
Interest semi-annually at
the Trust Co. of America in New York City.
Maturity Jan. 1 1921
Mount Pleasant
(Town) School District No. 7 (P. O. Haw¬
thorne), Westchester County, N. Y.—Bond Offering.—Pro-
| VOW. LXXXX1
posals will be received until 3:30 p. m. Jan. 14 1911 by the
trustees at the office of David Horton, District Clerk, in the
village of Hawthorne, for $6,000 5% school-building bonds
Denomination $500.
Date Feb. 1 1911.
Interest annually at the Tarrytown National Bank, in Tarrytown, in New York exchange.
Maturity
$1,000 yearly on Feb. 1 from 1926 to 1931 inclusive.
Bids must be made
on blank forms furnished by the district and
accompanied by a deposit
in cash, certified check or bank draft for 10% of bonds bid for.
The bonds
will be certified as to their genuineness by the United States Mortgage &
Trust Co. of New York City.
Purchaser to pay accrued interest.
Nassau County (P. O. Fernandina), Fla.—Certificate Offer¬
ing.—Proposals will be received until Jan. 11 1911 (post¬
poned from Dec. 14) by the Board of County Commissioners,
W. Theo. Waas, Chairman, for $49,300 6% coupon roadconstruction certificates, being the unsold portion of an issue
of
$60,000.
Denomination $100.
Interest semi-annually at
office.
Certificates will be issued in eleven series,
$3,500 payable in 5 yrs. $4,500 payable in 9 yrs.
3,700 payable in 6 yrs.
4,700 payaDle In 10 yrs.
4,000 payable in 7 yrs.
5,000 payable in 11 yrs.
4,200 payable in 8 yrs.
5,300 payable in 12 yrs.
the County Treasurer’s
payable as follows:
5,600 payable in 13 yrs.
6,000 payable in 14 yrs.
2,800 payable in 15 yrs.
National City School District, San Diego County, Cal.—
Bonds Voted.—An election held Dec. 5 resulted in favor of a
proposition to issue $25,000 5% 6-30-year (serial) school¬
building bonds. The vote was 133 “for” to 54 “against.”
Newburg Heights, Cuyahoga County, Ohio.—Bond Offer¬
ing.—Proposals will be received until 12 m. Jan. 14 1911 by
A. W. Shatto, Village Clerk (P. O. Willow), for $22,662 74
5% coupon Cuyahoga Street sewer assessment bonds.
Denominations 22 bonds of $1,000 each and one bond of $662 74.
Date
Jan. 15 1911.
Interest semi-annually at the Broadway Savings & Trust
Co. in Cleveland. Maturity yearly on Jan. 15 as follows: $1,662 74 In
1912, $2,000 each year from 1913 to 1918 inclusive and $3,000 in each of
the years 1919, 1920 and 1921.
Bids to be made on blank forms furnished
by the Village Clerk and be accompanied by a certified check on a bank in
Cleveland for 5% of bid.
Newton, Jasper County, Iowa.—Bond Offering.—Propos¬
Jan. 16 1911 for $40,000
gas-works-construction bonds at not exceeding 6% interest
als will be received until 7:30 p. m.
.
Authority, Section 1306-A to 1306-F, Inclusive, of the 1907 Supplement
of the Code of Iowa and Sections 720 and 721, Code of 1897: also vote of
671 to 322 at election held Nov. 15 1910.
Denomination $1,000.
Date
March 15 1911.
Interest semi-annually at the First National Bank in Chi¬
cago.
Maturity 15 years, subject to call after 5 years. Official circular
states that no previous issues have ever been contested, that there is no
controversy or litigation pending or threatened affecting the corporate ex¬
istence or the boundaries of said municipality or the title of its present
officials to their respective offices or the validity of their bonds- also that
the principal and Interest of all bonds previously issued have always been
promptly paid at maturity.
Certified check for 10% of bid is required.
Newton, Harvey County, Kan.—Bond Sale.—The Com¬
Trust
Co. of Kansas City, Mo., was
awarded
$25,000 5% water-extension bonds on Dec. 19 at 100.83
merce
and interest.
Other bids received
were as
follows:
John
NuveendeCo.,Chio__$25,189 50 Hoehler & Cummings,Tol_$24,790 00
Home State Bank, Newton 25,075 00 Cutter, May & Co., Chic__ 24,560 00
E. H. Rollins & Sons, Chic. 24,800 00 Sec.Sav.Bk.&TrjCo., Tol_ 24,560 00
Date Jan. 1 1911.
Maturity Jan.
1931, subject to call after 1921.
Niles
School District (P. 0. Niles), Trumbull County,
Ohio.—Bonds Voted.—Reports state that an election held
Dec. 20 resulted in favor of a proposition to issue $55,000
school-improvement bonds. The vote was 526 “for” to
86
“against.”
Nordhoff Union High School District, Ventura
Cal.—Bond Offering.—According to reports, J. B.
County,
McCloskey, County Clerk (P. O. Ventura), will receive proposals
until 2 p. m. Jan. 5 1911 for $20,000 bonds of this district.
Oconto, Oconto County, Wis.—Bond Sale.—On Dec. 27
the $25,000 5% 1-10-year (serial) harbor-improvement
bonds described in V. 91, p. 1725, were awarded to the
Oconto National Bank in Oconto at par, with option of de¬
livery of bonds within 12 months.
Ontario School District (P. O. Ontario), Malheur County,
Ore.—Bond Election.—An election will be held Jan. 7 1911,
it is stated, to vote on a proposition to issue $47,000 highschool bonds.
Osage, Mitchell County, Iowa.—Bond Offering.—A. S.
Wright, City Clerk, is offering at par and accrued interest
$10,500 5% street-improvement bonds.
Denomination $500.
Authority Section 912 of Code.
Date Dec. 1 1910.
Interest semi-annual.
Maturity from one to ten years.
Owego, Tioga County, N. Y.—Bonds Voted.—An election
recently resulted in favor of a proposition to issue
$20,500 fire-station bonds.
held
Palacios Independent School District (P. O. Palacios),
Tex.—No Action Yet Taken.—We are informed that the
$25,000 40-year bonds voted on Sept. 17 (V. 91, p. 899)
have not yet been approved by the Attorney-General.
Parmer County Common School District No. 2, Texas.—
Bonds Registered.—On Dec. 20 $12,000 5% 10-20-year
(op¬
tional) bonds
registered by the State Comptroller.
Pineville, Rapides Parish, La.—Bond Offering.—Pro¬
posals will be received until 7 p. m. Jan. 3 1911 by J. E.
Walker, Mayor, for the $9,000 5% public-improvement
bonds voted on Nov. 15. V. 91, p. 1469.
were
Interest semi-annual.
is
required.
Certified check for $100, payable to the town,
Pittsburgh, Pa.—Bond Sale.—On Dec. 29 the thirteen
4^% coupon (with privilege of registration) bonds,
aggregating $4,878,000, offered on that day, were sold to
the National City Bank and N. W. Harris & Co.,
both of
New York City, at their joint bid of 102.4591—a basis of
about 4.036%.
The bonds answer to the following descrip¬
issues of
tion:
Dec. 31
Series. Amount.
Amount. Purpose—
1910
$90,000
$570,000 Park
1910
240,000
90,000 Hospital
1910
90,000
180,000 Incinerating-plant
1910 1,500,000
390,000 City-hall
Street-Improve’t “A” 1910
“A” 1910
144,000
930,000 Sewer
Bridge
..“A” 1910
“B” 1910
204,000
Bridge
“B” 1910
150,000 Sewer
Bridge
“C” 1910
300,000
Denomination $1,000, the two last-mentioned issues, however, each
Interest semi-annu¬
containing 30 bonds of $800 each.
Date Dec. 1 1910.
ally at the Pittsburgh Trust Co. In Pittsburgh. Maturity one-thirtieth of
each Issue yearly on Dec. 1 from 1911 to 1940 Inclusive.
Series.
“A” 1910
Purpose.
Water
Water
Water
__i
“B” 1910
“C” 1910
Following
are
the bids:
N. W. Harris & Co., N. Y_\ 102.4591
National City Bank, N. Y_j
Mellon Nat. Bank, Pitts. A
Wm. A. Read & Co., N. Y. V101.433
Kountze Bros., New YorkJ
Brown Bros. & Co., for]
themselves and—
101.187
Drexel & Co., Phila.
E. H. Rollins & Sons.N.Y.
J.S.&W.S.Kuhn.PittsburgJ
Kissel, Kinnicutt & Co
\ 101.3572 N. W. Halsey & Co., N. Y.,
for $487,300
Wm. Salomon & Co.,N. Y.j
100.38
R. L. Day & Co., N. Y., for]
Pittsburgh Trust Co., Pitts.,
for $300,000
themselves
and
Esta$302,250
brook & Co., Blodget &yl01.268
Seasongood & Mayer, Cine.,
for $150,000
Co., Merrill, Oldham &
$151,380
J
Co
Farson, Son & Co., N. Y.:
For entire loan
For $90,000
For $180,000
101.197
..101.387
101.257
Portland, Me.—Note Sale.—Reports state that the $465,April 1 1911 and described in V. 91, p. 1725,
157 notes due
were awarded
on
Dec. 29 to Blake Bros. & Co. of Boston at
premium of $13 for 3% per cents.
Portland, Ore.—Bond Offering.—Local papers state that
proposals will be received until Jan. 24 1911 by the Ways
and Means Committee of the City Council for $500,000 25year Broadway bridge-construction and $500,000 30-year
water-extension 4% gold bonds.
The Broadway bridge
bonds were awarded on Nov. 7 to a syndicate composed of
E. H. Rollins & Sons, N. W. Halsey & Co. and A. B. Leach
& Co., all of Chicago, but, as reported in V. 91, p. 1725, were
subsequently refused by them.
a
Port of Coos Bay, Coos County, Ore.—Bonds Voted.—We
advised that at a recent election a bond issue of $300,000
for harbor improvements was authorized by a vote of about
are
one.
It is expected that the bonds will be issued
“sometime during the winter or early spring.”
These bonds
take the place of the $500,000 bonds the issuance of which was
eight to
enjoined by the United States Court in September.
V. 91, p. 975.
Port of Portland (P. O.
See
Portland), Ore.—Bond Offering.—
Further details are at hand relative to the offering on Jan. 12
1911 of the $60,000 6% gold bonds mentioned in V. 91, p.
1663, to pay part of the cost of the tug “Oneonta.” Pro¬
posals for these bonds will be received until 4 p. m. on that
day.
Denomination $1,000.
Date July 1 1908.
Interest semi-annually at
the Port of Portland office.
Maturity $50,000 July 1 1912 and $10,000
July 1 1913.
Certified check on a Portland bank for 5% of bonds bid for,
payable to the Port of Portland, is required.
Bids to be unconditional.
has been approved by the State Supreme Court.
Interest. John P. Doyle is Clerk of Board.
The legality of the bonds
Purchaser to pay accrued
Reading
(P.
O.
Cincinnati),
Ohio.—Bond
Offering.—
Further details are at hand relative to the offering on Jan. 9
1911 of the $2,125 5% coupon street-improvement (village’s
portion) bonds mentioned in V. 91,
these bonds will be received until 12
p.
1663.
m. on
Proposals for
that day
by W. F.
Klopmeyer, Village Clerk.
Authority, Sections 3820 and 3821, General Code.
Denomination
Date Dec. 10 1910.
$212 50.
Interest annually at the Reading Bank of
Reading.
Maturity $212 50 yearly on Dec. 10 from 1911 to 1920 inclusive.
Purchaser to pay accrued interest.
The bonds are tax-exempt.
Rhode Island.—Bonds to Be Offered Shortly.—We are in¬
formed that $500,000 4% gold coupon tax-exempt Provi¬
dence Harbor improvement bonds will probably be offered
for sale towards the latter part of January.
Denomination $1,000.
Date Aug.
Maturity Aug 1 1960.
1
1910.
Interest semi-annually In
El
Providence.
Offered by Bankers.—Woodin, McNear & Moore of Chicago
are offering to investors $190,000 of the $205,000 6% bonds
purchased by them several months ago. See V. 91, p. 1051.
For details of bonds see advertisement on a preceding page.
Rome, Ga.—Bonds Validated.—On Dec. 22 Judge John W.
Maddox passed an order validating the four issues of bonds,
aggregating $275,000, voted on Dec, 6 (V. 91, p. 1726).
Rutherford School District (P. O. Rutherford), Bergen
County, N. J.—Bond Sales.—On Dec. 12 the $86,300 (not
$86,000 as at first reported) 4^% 40-year school-building
bonds described in V., 91, p. 1529, were sold to the Ruther¬
ford National Bank of Rutherford.
Reports state that
these securities take the place of the $86,300 bonds awarded
on Jan. 17 to the Bergen County Bank of Rutherford (V. 90,
p. 393), which bank subsequently refused them.
R. M. Grant & Co. of New York City were the successful
bidders for the $41,000 43^% 40-year coupon bonds offered
on Nov. 28 and described in V. 91, p. 1469.
San Saba County (P. O. San Saba), Tex.—Bond Offering.—
Proposals are again being asked for the $75,000 5% court¬
house-construction bonds offered without
success on
Nov. 1.
V. 91, p. 1588.-
Interest annually on April 10. Maturity
40 years, subject to call after 10 years.
J. F. Hartley is
County Judge.
Santa Monica School District (P. O. Santa Monica), Los
Angeles County, Cal.—Bond Election.—Los Angeles papers
an
election will be held Jan. 24 1911 to vote
on
the
question of issuing $200,000 high-school-site-purchase and
construction and $25,000
chase bonds.
grammar-school playground pur¬
Scott County (P. O. Georgetown), Ky.—Bond Sale.—On
Dec. 19 the $25,000 4^% 12-16-year (serial) gold coupon
funding road and bridge bonds dated Jan. 1 1911 and de¬
scribed in V. 91, p. 1402, were awarded to E. H. Rollins &
Sons of Chicago at 100.10.
Scott County (P. O. Gates City), Va.—Bonds Defeated.—
The election held Dec. 14 resulted in
sition providing for the issuance of
bonds mentioned in V. 91, p. 1530.
a
defeat of the propo¬
the $300,000 highway
Shackelford County Common School District No. 15, Tex.
—Bonds Registered.—An issue of $1,800 5% 10-20-year (op¬
tional) bonds
was
registered by the State Comptroller on
Dec. 13.
Shackelford County Common
—Bonds Registered.—On Dec.
School District No. 16, Tex.
14 $2,500 5% 10-20-year
(optional) bonds were registered by the State Comptroller.
Sherman, Grayson County, Tex.—Bond Sale.—We are in¬
formed that the $12,000 water and the $8,000 street-im¬
provement 4)^% registered bonds, bids for which were re¬
jected on June 6 (V. 91, p. 419), were sold on Dec. 13 to
the Harris Trust & Savings Bank of Chicago at par and
interest.
Skagit County (P. O. Mt. Vernon), Wash.—Bond Offering.
—Proposals will be received until 1 p. m. Feb. 7 by J. M.
Shields, County Auditor, for $125,000 bridge and road
funding and $100,000 road-improvement coupon bonds at
not exceeding 6% interest.
Both issues were authorized Nov. 8 1910, the $125,000 Issue by a vote of
1,724 to 823 and the $100,000 issue by a vote of 1,482 to 952.
Denomi¬
nation “not less than $1,000.”
Date April 1 1911.
Interest annually at
the County Treasurer’s office.
Maturity 20 years, subject to call after 10
years.
Bonds are tax-exempt.
Certified check for $1,000, payable to the
County Treasurer, is required with bid for each Issue. Purchaser to fur¬
nish blank bonds free of cost.
Official circular states that there has never
been any default in payment of interest or principal, nor is there any con
troversy or litigation pending or threatened concerning the issue of these
bonds.
South San Joaquin Irrigation District
San Joaquin County, Cal.—Bonds Not Yet
(P. O. Manteca),
Sold.—The Secre¬
tary wrrites us that no sale has yet been made of the $1,073,500 bonds—the unsold portion of the issue of $1,875,000 5%
30-year irrigation bonds mentioned in V. 91, p. 980.
Springfield Township, Montgomery County, Pa.—Bond
Offering.—Proposals will be received until 8 p. m. Jan. 4
1911 by F. L. Harner, Secretary of Town Commissioners
(P. O. Chestnut Hill, Philadelphia) for $20,000 4J^% regis¬
tered gold bonds.
Denomination $500.
Date Feb. 1 1911.
Interest semi-annual.
Ma¬
turity $2,000 yearly on Aug. 1 from 1912 to 1921 inclusive.
Certified check
(or draft) for 2% of bonds bid for, payable to the Township of Springfield, is
required.
Stafford, Stafford County, Kan.—Bond Sale.—On Dec.20
$30,000 water-works-system completion and $25,000
electric-light-system purchase 5% 10-20-year (optional)
bonds described in V. 91, p. 1664, were awarded to the Farm¬
ers’ National Bank in Stafford for $55,300, the price thus
being 100.545. The following bids were also received:
the
Chas. H. Coffin, Chicago—$55,011 less $1,000 commission.
H. C. Speer & Sons Co., Chicago—Par less $1,100 commission.
Ulen & Co., Chicago—Par and accrued Interest less $1,450 commission.
S. A. Kean & Co., Chicago—Par less $1,540 commission.
Sutherlin & Co., Kansas City, Mo.—Par and accrued interest to Jan. 1 1911,
less $1,700 commission.
Cutter, May & Co., Chicago—Par and accrued interest less $2,000 com¬
mission.
Farmers’ National Bank, Stafford—$45,250 for $45,000 bonds.
First State Bank, Stafford—Par for $45,000 bonds.
A bid of $55,225 50 for 6s was also received from John Nuveen & Co.
of Chicago.
•
a
Stark County (P. O. Dickinson), N. Dak.—Rond Offering•
—Proposals will be received until 10 a. m. Jan. 5 1911, by
the County Commissioners, for $60,000 warrant-funding
bonds.
Richardson County Drainage District No. 1, Neb.—Bonds
state that
1793
THE CHRONICLE
1910.|
Denomination $1,000.
Interest (rate to be named In bid) payable In
Dickinson.
Maturity 1931. Certified check for $1,000, payable to Stark
County, is required. Bonded debt at present, $6,500.
$90,000. Assessed valuation In 1910 $4,648,678.
Floating debt
Sterling, Whiteside County, Ill.—Bonds Voted.—The pro¬
position providing for the issuance of the $4,000 5% (City’s
portion) Locust Street paving bonds, submitted to the
voters on Dec. 15 (V. 91, p. 1530), was favorably voted.
The vote was 186 “for” to 139 “against.”
Denomination $500.
Interest to commence
$500 yearly from 1913 to 1920 Inclusive.
Feb.
1
1911.
Maturity
Stewart County (P. O. Lumpkin), Ga.—Bonds Defeated.—
A proposition to issue $100,000 bonds was defeated at an elec¬
tion held Dec. 20.
Stockport School District (P. O. Stockport), Van Buren
County, Iowa.—Bonds Voted.—An election held recently,
according to reports, resulted in favor of a proposition to
issue $18,000 school-building bonds.
The vote was 119 to 18.
Storm Lake, Buena Vista County, Iowa.—Bond Sale.—
On Dec. 1 $10,742 25 6% 2-10-year (optional) septic-tank
bonds were awarded to the Cook Construction Co.
Moines at par.
Denomination $500. Datie Dec.
Interest semi-annual.
of
Des
1 1910.
Sweet Grass County (P. O. Big Timber), Mont.—Bond
Offering.—Proposals will be received until 12 m. Feb. 1 1911
by J. A. Bailey, Clerk Board of Commissioners, for $35,000
5% gold,,coupon bonds.
Denomination $1,000.
Interest semi-annually at
Date Jan. 1 1911.
the County Treasurer’s office or National City Bank in New York City
Maturity 15 years. Certified check for $1,000, payable to the clerk, 1
required.
1794
THE CHRONICLE
Toledo, Ohio.—Bonds Authorized.—Ordinances have been
passed providing for the issuance of the following 5% cou¬
pon street-improvement assessment bonds.
1627 83 Sewer No. 1069 construction bonds.
Denomination $160, except
one bond of $147 83.
Date Dec. 9 1910.
Maturity $147 83
March 9 1912 and $160 each six months from
Sept. 9 1912 to
Sept. 9 1913 inclusive.
3,021 92 Sewer No. 1092 construction bonds.
Denomination $760, except
one bond of $741 92.
Date Dec. 15 1910.
Maturity $741 92
March 15 1912 and $760 each six months from
Sept. 15 1912 to
Sept. 15 1918 inclusive.
5,648 85 New York Ave. improvement bonds.
Denomination $575, except
one bond of $473 85.
Date Oct. 4 1910.
Maturity $473 85
March 4 1912 and $575 each six months from
Sept. 4 1912 to
Sept. 4 1916 Inclusive.
1,436 42 Sewer No. 1096 construotion bonds.
Denomination $375, except
one bond of $311 42.
Date Dec. 4 1910.
Maturity $311 42
March 4 1912 and $375 each six months from Sept. 4 1912 to
Sept. 4 1913 inclusive.
5,050 82 Pinewood Ave. improvement bonds.
Denomination $510, except
one
bond of $460 82.
Date Oct. 9 1910.
Maturity $460 82
March 9 1912 and $510 each six months from Sept. 9 1912 to
Sept. 9 1916 inclusive.
Interest payable at the Northern National Bank in Toledo.
Trenton, N. J.—Bond Sale.—On Dec. 28 the $66,420
$10,600 park 434% 10-year bonds and the
$9,000 434% 30-year coupon or registered school bonds
described in V. 91, p. 1664, were awarded to Kissel, Kinnicutt & Co. of New York
City, the two former issues at
street and the
102.4413 and the latter issue at 105.13.
A list of the bidders
follows:
Kissel, Kinnicutt & Co., New York
E. H. Rollins & Sons, New York
N. W. Halsey & Co., New York..
Ferris & White, New York
Parkinson & Burr, New York
$66,420
$9,000
$10,600
Bonds.
.102.4413
102.4413
102.42
102.371
102.19
101.827
101.459
101.455
100.83
Bonds.
105.13
102.42
102.371
103.75
101.827
104.012
104.004
102.11
103.35
Bonds.
102.4413
102.42
102.371
102.19
101.827
101.459
101.455
100.83
101
J. S. Farlee
R. M. Grant & Co., New York
John D. Everitt & Co., New York
Caleb S. Green, Trenton
For the entire three issues of bonds, aggregating $86,020, N. W. Harris
& Co. of New York City offered a premium of $2,208 36
and Kountze Bros,
of New York City offered a premium of $1,825.
Troup County (P. O. Lagrange), Ga.—Price Paid for
are informed that the
price paid for the $200,000
5% road and bridge bonds voted on Nov. 8 (V. 91, p. 1402)
and sold on Dec. 16 to the
Robinson-Humphrey Co. of At¬
Bonds.—We
lanta (V. 91, p. 1726) was 103.6625.
Purchasers to pay
accrued interest and furnish blank bonds.
Denomination $500.
Date Jan. 1 1911.
Interest semi-annual.
turity $100,000 in 20 years and $100,000 in 30 years.
Ma¬
p.
1402.
Denomination $500.
Date Jan. 1 1911.
Interest semi-annually In
New York City.
Maturity 20 years.
Certified check for $1,000, payable
to the Chairman Court-House Commission, Is required.
The
LXXXXI.
favor of
a proposition to issue
$7,000 water-works-system
pumping station bonds.
Wichita, Sedgwick County, Kan.—Bonds Authorized.—
An ordinance has been passed providing for the issuance of
the following 6% coupon bonds:
and
$283 25 drainage-construction bond.
118 00 street-improvement bond.
Date Dec. 1
1910.
Interest semi-annual.
Maturity Dec. 1 1911.
Wichita Falls, Tex.—Bond Election.—An election will be
held next month to vote on the question of issuing $25,000
street-improvement bonds.
Wilbarger County Common School District No. 15, Tex.—
Bonds Registered.—The State Comptroller registered $4,000
5% 10-20-year (optional) bonds on Dec. 19.
Willamette * Clackamas County, Ore.—Bond Offering.—
Proposals were asked for until 5 p. m. yesterday (Dec. 30) by
E. Mass, Town Recorder, for 810.000 S% gold coupon bonds.
Denomination $1J0.
Date Dec. 31 1910.
Interest semi-annually at the
Town Treasurer’s office.
Maturity 20 years, subject to call after 5 years,
with a further option to pay before 5 years, providing a forfeit of $5 is paid
on each bond.
The result of this offering was not known to us at the hour
of going to press.
Williamson, Mingo County, W. Va.—Bond Offering.—
Proposals will be received until 8 p. in. Jan. 10 1911 by
A. C. Pinson, C. H. Jones and J. F. Keyser, committee,
for
the $51,000 5)4% coupon water,
bonds mentioned in V. 91, p. 543.
Authority
sewerage
and
paving
Chapter 47,
Code of 1906.
Denomination $1,000.
Date
Interest annually at the First National Fank of Williamson.
Maturity 34 years, subject to call after 10 years in blocks of five or more
at any interest-paying period.
Certified check for 5% of bid, payable to
A. C. Pinson, Mayor, is required.
Bonded debt, not including this issue,
$36,500.
Assessed valuation In 1910, $3,517,369.
Jan. 1 1911.
Wilson
County Common School District No. 11, Tex.—
Bonds Registered.—The State Comptroller on
tered $8,500 5% 20-year bonds.
Dec. 19 regis¬
Winthrop, Suffolk County, Mass.—Bond Sale.—On Dec.
28 the $21,000 4% coupon general municipal bonds described
in V. 91, p. 1726, were awarded to Adams & Co. of Boston
at 101.65 and accrued interest.
Other bids received were
as follows:
Blake Bros. & Co., Boston. _101.41
Merrill, Oldham <fe Co., Bos.101.319
Estabrook & Co., Boston
101.35
Blodget & Co., Boston
101.287
N. W. Harris & Co., Boston. 100.888
Perry, Coffin & Burr, Bos
101.35
R. I». Day & Co., Boston
101.349
Union
County (P. O. Union), So. Caro.—Bond Offering.—
Proposals will be received until 12 m. Jan. 19 1911 by Emslie
Nicholson, Chairman Court-House Commission, for the
$75,000 434% court-house bonds voted on Nov. 8. V. 91,
[V0L.
Maturity $3,000 Dec. 1 1911 and $2,000 yearly
1920 inclusive.
on
Dec. 1 from 1912
to
Worthington, Iowa.—No Bond Election.—We are in¬
formed that there is no truth in the reports which
appeared
in some of the newspapers, stating that an election would be
held Dec. 20 to vote on the question’of issuing $12,000 water
bonds.
Wright County (P. O. Buffalo), Minn.—Bond Offering.—
Proposals will be received until 1 p. in. Jan. 4 1911 by John
A. Berg, County Auditor, for $1,871 Judicial Ditch No. 1
coupon bonds at not exceeding 6% interest.
official notice of this bond offering will be found among
Department.
Denomination $187 10.
Ventnor City, N. J.—Bonds Awarded in Part.—On Dec. 7,
Date Tan. 5 191*.
Interest annuallv on July^
in Buffalo.
Maturity
$187 10 yearly on July 5 from 1911 to 1920 inclu¬
$16,000 of the $25,000 5% 30-year sewer bonds described in sive, being subject to call, however, at any time.
V. 91, p. 1530, were awarded, $10,000 to Wm. C. Carman
Young America School District (P. O. Young America),
and $6,000 to Chas. C. Carman at par and accrued interest.
Carver County, Minn.—Bonds Voted.—This district has voted
Waco, McLennon County, Tex.—Bond Election.—A reso¬ to issue bonds to the State of Minnesota.
lution was adopted by the Board of Commissioners on Dec.
Yukon, Canadian County, Okla.—Bonds Offered by Bank¬
22, according to reports, providing for an election Feb'. 14 ers.—The Thos. J.
Bolger Co. of Chicago is offering at a price
1911 to vote on the proposition to issue
$250,000 electric- to net 5.30% the $30,000 w’ater-works and the
$10,000
light-plant bonds. See V. 90, p. 1511.
sewer 6% 25-year bonds mentioned in V.
91, p. 749. These
Washington, Guernsey County, Ohio.—Bond Offering.— securities are contained in a JJst of bonds being offered by the
Proposals will be received until 12 m. Jan. 24 1911 by Glenn Bolger Co. in an advertisement on a preceding page.
M. Pine, City Auditor, for the following 434% street-im¬
Denomination $1,000.
Date Aug. 1 1910.
Interest semi-annually in
New York City.
Bonded debt, these issues.
Assessed valuation 1910 *
provement assessment bonds.
$504,660.
Real valuation (estimated)
the advertisements elsewhere in this
$4,013 18 Gregg Street bonds.
Denomination $401 32.
Maturity $401 32
each six months from March 1 1911 to Sept. 1 1915 Inclusive.
1,701 00 Green Street bonds.
Deriomination $170 10.
Maturity $170 10
each six months from March 1 1911 to Sept. 1 1915 inclusive.
Authority, Section 3915, General Code. Date Dec. 7 1910. Interest
semi-annual.
Certified check for 5% of bonds bid for, payable to the City
Treasurer, is required.
Purchaser to pay accrued Interest.
$1,000,000.
Ysleta School District (P. O. Ysleta), El Paso
County,
Tex.—Bond Election.—According to reports, an election will
be held Jan. 21 1911 to vote
school-building bonds.
on a
proposition to issue $18,000
Wellesley, Norfolk County, Mass.—Bond Sale.—On Dec.
27 the following 4% bonds were purchased
by Adams & Co.
of Boston at 104.044:
$12,000 water bonds dated Sept.^ 1 1909 and due $1,000 yearly from 1916
1927
inclusive.
Denomination $1,000.
5.000 park bonds dated Sept. 1 1910 and due $500 yearly from
1917 to
1926 inclusive.
Denomination $500.
to
Interest semi-annual.
The
following bids
were
received:
Interest semi-annual.
The following bids were received:
Adams & Co., Boston
104.044 R. L. Day & Co., Boston
103.569
E. M. Farnsworth & Co.,Bos.103.89
Blake Bros. & Co., Boston..103.40
Jackson & Curtis, Boston
103.78
N. W. Harris & Co., Boston.103.136
Merrill, Oldham <Se Co., Bos. .103.719 Blodget & Co., Boston
103.09
E. H. Rollins & Sons, Bos
103.678 Estabrook & Co., Boston
103.03
Geo. A. Fernald & Co., Bos_.103.671 Robert A. Kean
102.02
Hayden, Stone & Co., Bos_.103.659
Wellsville, Columbiana County, Ohio.—Bond Sale.—On
bonds described in
Roth & Co. of Cin¬
The following bids
Dec. 28 the $10,000 434% refunding
V. 91, p. 1530, were awarded to Weil,
cinnati at 105.13 and accrued interest.
were received:
Canada, Its Provinces and Municipalities.
Amprior, Ont.—Debenture Election.—An election will be
held Jan. 2 1911, according to reports, to vote on a
proposi¬
tion to issue $6,000 5% 20-year water-works debentures.
Barrie, Ont.—Debenture Election.—According to reports,
election will be held Jan. 2 1911 to vote on the
question
of issuing $3,600 street-improvement
and $13,000 lighting
434% debentures, repayable part yearly for 20 years.
Bromley Township, Ont .^Debenture Election.—It is
an
.
stated that on Jan. 2 1911 an election will be held to vote
the question of issuing $2,000 5% debentures,
yearly for 20
on
payable part
years.
Chilliwack, B. C.—Debenture Offering.—Proposals will be
received until 12 m. Jan. 16 1911
by J. H. Ashwell, City
Clerk, for $10,000 road-machinery, $10,000 drainage and
$15,000 municipal-hall 5% debentures. The securities are
Weil, Roth &Co., Cin
$10,513 00] Breed & Harrison, CIn
$10,417 00
payable in 20 annual installments of principal and interest,
Citizens’ S.D.&Tr.Co.,Tol. 10,512 001 Securities S.B.&Tr.Co.,Tol.
10,405 50
R.Kleybolte Co.,Inc.,Cin. 10,478 001 Seasongood & Mayer, Cin. 10,381 00
beginning
Oct. 1 1910, at the Bank of Montreal in Chilli¬
First Nat. Bank, Cleve
10,447 001 Hayden,Miller&Co.,Cleve. 10,360 00
wack.
These debentures were offered but not sold (V. 91,
Maturity Jan. 1 1931.
p. 1282) on'Oct. 1.
White County (P. O. Monticello), Ind.—Bond Sale.—On
In addition to the above, proposals will also be received
Dec. 6 $10,000 6% bridge-building bonds were awarded to at the same
time and place for $6,000 5%
municipal hall No. 2
the State Bank of Monticello at 100.05.
Denomination debentures.
Date Jan. 2 1911.
Interest semi-annually at
$1,000. Date Dec. 1 1910.
the Bank of Montreal in Chilliwack.
Maturity Jan. 2 1931.
Whittemore, Kossuth County, Iowa.—Bonds Voted.—Ac¬
Collingwood, Ont.—Debenture Election.—An election will
cording to local papers, an election held Dec. 21 resulted irt be held Jan. 2 1911, it is stated, to vote on a
proposition to
issue $30,000
1795
THE CHRONICLE
Deo. 31 1910.
43^% school debentures, payable in 20 annual
installments.
Other bids received were
H. J. Fisher of Penticton at 99.
follows:
as
Eastview, Ont.—Debentures to Be Offered Shortly.—An is¬
of $13,000 4% debentures will be offered for sale, it is
sue
some time
East Wawanosh
expected,
in February.
Township, Ont.—Debenture Election.—
According to reports an election will be held Jan. 2 1911 to
vote on the question of issuing $18,000 5% 20-year bridge
Aemelius Jarvis & Co., Tor__$19,666] Brouse,Mitchell&Co., Toron_$19,204
C. H. Burgess & Co., Toronto 19,387 |G. A. Stimson & Co., Toron_ 18,909
Brent, Noxon & Co., Toronto, requested a two weeks’ option at par and
accrued interest.
Caskeyville),
advised that
disposed of “about July 15” to
Richland School District No. 1944 (P. O.
Alberta.—Debenture Sale.—We have just been
$1,000 6% debentures were
debentures.
Holden & Worth of Vegreville at par.
Richmond, Que.—Debenture Election.—On Jan. 2 1911 an
Fergus, Ont.—Debenture Election.—A vote will be taken
Jan. 2 1911, it is stated, on the question of floating $20,000 election will be held, it is stated, to vote on a by-law provid¬
43^2% debentures, repayable in 30 annual installments, for ing for the issuance of $5,000 local-improvement debentures
the purchase of stock in the People’s Railway Co., and maturing in 30 annual installments.
$25,000 5% debentures due in 15 installments in aid of
Sarnia, Ont.—Debenture Election.—Reports state that an
manufacturers in the village.
election will be held Jan. 2 1911 to vote on a proposition to
Gilbert Plains, Man.—Debentures Defeated.—The propo¬ issue $1,500 5% debentures.
Maturity part yearly for 10
sition to issue the $5,000 fire-hall debentures mentioned in years.
V. 91, p. 1666, was defeated at the election held Dec. 20.
Spruce Creek School District No. 723, Man.—Debentures
London, Ont.—Debenture Election.—On Jan. 2 1911 the Authorized.—It is stated that the issuance of $2,000 5% de¬
ratepayers will, it is stated, vote on the question of issuing bentures repayable in 20 yearly payments has been authorized
$75,000 434% city-hall debentures, due June 30 1941.
Sydney, B. C.—Debenture Sale.—Reports state that $50,Midland, Ont.—Debenture Election.—The ratepayers will 000 43^% debentures have been awarded to the Royal Bank
decide Jan. 2 1911, it is reported, on the question of issuing of Canada.
$37,900 5% municipal-building debentures. Maturity part
Waterloo, Ont.—Debenture Election.—It is stated that an
yearly for 30 years.
election to vote on the question of issuing $40,000 43^% 30Morden, Man.—Debentures Authorized.—A by-law provid¬ year electric-light and power debentures will be held Jan. 2
ing for the issuance of $4,461 11 5% local-improvement de¬ 1911.
bentures, repayable in 20 annual installments, has been
Wellington, Ont.—Debenture Election.—On Jan. 2 1911
authorized, according to reports.
the question of issuing $2,500 5% park debentures will be.
Niagara, Ont .—^Debenture Election.—On Jan. 2 1911 an voted on, according to reports. The issue, if authorized,
election will be held, according to reports, to vote on the will be payable in 10 installments.
question of issuing $2,400 5% fire-hall debentures, repayable
West Garafraxa Township, Ont.—Debenture Election.—A
in 8 annual installments.
vote will be taken Jan. 2 1911, it is stated, on a by-law pro¬
North Bay, Ont.—Debenture Election.—A by-law to issue viding for the issuance of $40,000 43^%
debentures for the
$18,000 5% 20-installment storm-sewer debentures will be purchase of stock in the People’s Railway Co. Maturity
voted upon, reports state, on Jan. 2 1911.
part yearly for 30 years.
Penticton, B. C.—Debenture Sale.—On Dec. 15 the $20,000
Wolseley, Sask.—Debenture Sale.—It is stated that $5,000
5% 30-year street-improvement and drainage debentures 5% 20-year debentures have been awarded to the Union
mentioned in V. 91, p. 1532, were awarded to a client of Bank of Canada.
.
INVESTMENTS.
NEW LOANS-
NEW LOANS.
875,000
$75,000
Union County,South Carolina,
CITY OF SOUTH AMBOY,
Middlesex
County, New Jersey
SANITARY SEWEE BONDS
Sealed proposals will be received by the Finance
Committee of the Common Council of the City of
South Amboy, Middlesex County, New Jersey,
at eight o’clock
TENTH DAY OF
P. M. on TUESDAY, THE
JANUARY, ONE THOUSAND
NINE HUNDRED AND ELEVEN, at the City
Hall In said City of South Amboy, for the purchase
of any or all of an Issue of bonds as follows:
Seventy-Five Thousand ($75,000) Dollars of
Sanitary Sewer Bonds dated January 1st, 1911.
The bonds will bear interest at the rate of Five
(5%) Per Cent per annum.
They will be Issued
as coupon bonds, with the right of registration
as to principal, or principal and Interest, and will
be numbered from One to Seventy-Five, and will
be In the denomination of One Thousand ($1,000)
Dollars each.
Bonds numbered One and Two
will run for the term of One (1) year from the date
aforesaid, and thereafter seriatim Two (2) bonds
for a period of Thirty (30) years, and
thereafter Three (3) bonds per year for Five
(5) years.
No bid will be accepted for less than par and
accrued interest.
The Finance Committee, subper year
4^% COURT HOUSE BONDS
Sealed bids will be received up to
City of South Amboy aforesaid, reserve the
right to allot to any bidder either the whole or any
part of the bonds bid for by said bidder, and to
select the bonds to be delivered to the bidder In
the event of his bid being accepted.
All particulars concerning the issue aforesaid
may be obtained from Joseph F. Fulton, City
Clerk, South Amboy, N. J., or Frederic M. P.
Pearse, City Solicitor, 738 Broad St., Newark,
New Jersey.
JOSEPH F. FULTON,
City Clerk.
HEAT & POWER COMPANY
GUARANTEED
BONDS
12 o’clock
JANUARY 19, 1911, for $75,000 Court
Bonds, dated January 1, 1911, running
twenty years, and bearing interest at 4H%.
All Issues
noon.
House
Interest
payable semi-annually.
Bonds, which
are
A. H. Bickmore & Co.,
of denomination of $500, will
be payable, both principal and interest. In New
York.
All bids must be directed to Emslie Nicholson,
Chairman Court House Commission, Union, S. C.,
and marked “Bid”,
and accompanied by a
certified check for $1,000, payable to his order.
The right to reject any and all bids Is reserved.
EMSLIE NICHOLSON,
Chairman.
BANKERS
New York
30 Pine Street,
Charles M. Smith & Co.
CORPORATION AND
MUNICIPAL BONDS
Reynolds, Watson & Co.
FIRST NATIONAL BANE BUILDING
OHIOAGO
Municipal and Corporatinn Bonds
We offer
JecPro the approval of the Common Council of
the
NATIONAL LIGHT,
a
very
exceptional
DRAINAGE
BOND
HOBENPYL, WALBR0GE & CO.
7 Well
St., New York
NETTING
Railroad, 8treet Ry., Gaa ft See. Light
6%
400 The
Rookery
SECURITIES
OHIOAGO
ESTABLISHED ISSft
MUNICIPAL AND RAILROAD
BONDS
LIST ON APPLICATION
F. WM. KRAFT
a C SPEER & SONS CO.
First Nat Bank Bldg., Chiage
LAWYER
Specializing in Examination of
SCHOOL,
COUNTY AND
MUNICIPAL BONDS
SEAS0NG00D & MAYER Municipal and Corporation Bonds
Mercantile Library Building
OXMGOmATI
1S1S FIRST NATIONAL BANK BLO(L.
OHIOAGO, ILL.
MUNICIPAL BONDS
Yield tog from 4<& to 6%
Write for
Safest Investments
Circular.
known.
ULEN
McCOY & COMPANY
Municipal and
Corporation Bords
1$1
La Salla
Street, Chleege
BLODGET & CO.
BONDS
90 STATE STREET, BOSTON
90 PINE STREET, NEW YORK
STATE, OUT ft RAILROAD BOVDS
BANKERS
&
'
CO.
CHICAGO
OTTO JULIUS MERKEL
BROKER
44 AND 46 WALL STREET. NEW
YORK
INVESTMENT SECURITIES
Correspondence Invited
1796
THE CHRONICLE
[Voi..
LXXXXI
iSattltcKS and
ERVIN & COMPANY
A. B. Leach & Co.,
BANKERS
BANKERS
149
OF CUBA
(New York Stock Exchange
| Philadelphia Stock Exchange
Exchanj
Broadway, HEW YORK
BONDS
140 Dearborn Street, CHICAGO
NATIONAL BANK
FOR
Drexel
Capital, Surplus and
INVESTMENT Cash in Vaults
PARKINSON & BURR
Members of the New York and
Boston Stock Exchanges
C. I. HUDSON & CO.
7 Wall Street
Nos. 34-36 WALL
ST., NEW YORK.
BOSTON
32,900,684 60
8,681,379 19
-
84 GALIANO ST.. HAVANA.
226 MONTE ST., HAVANA.
PRODUCE EXCHANGE, HAVANA.
CARDENAS,
MATANZAS,
CIENFUEGOS,
SANTIAGO.
MANZANILLO,
CAIBARIEN,
SAGUA LA GRANDE
GUANTANAMO,
SANTA CLARA,
CAMAGUEY,
PINAR DEL RIO.
SANCTI SPIRITUS,
CAMAJUANI,
CRUCES,
CIEGO DE AVILA,
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
Collections
53 State Street
NEW YORE
-
Branches
Long Distance Telephone No. L. D. 107.
Chestnut & 4th St., PHILADELPHIA
-
HEAD OFFICE—HAVANA
Building, Philadelphia.
28 State Street, BOSTOH
\
/$6,256,922 21
Undivided Profits Assets
.....
Specialty.
a
Sole Depositary for the Funds of the Republic of
Cuba
Member American Bankers’ Association
■ambers New York and Chicago Stock Exchanges
73 Pearl Street
TELEPHONE 3070 JOHN.
HARTFORD
Cable Address—Banconac
Miscellaneous Securities
in all Markets
PRIVATE
WIRES
TO
E. W. CLARK & CO.
PRINCIPAL
BANK
HAVANA
76 CUBA STREET
BANKERS,
CITIES.
OF
PHILADELPHIA
1
SIMON BORG & CO.
321 Chestnut St.
Members Phlla. and New York Stock Exchanges.
Interest aUowed on deposits.
New York Correspondents (Clark. Dodge & Co.
I First National Bank.
BANKERS
George P. Schmidt
Members of New York Stock Exchano•
No. 20 Nassau Street
New
-
Yorl
J. Prentice Kellogg
William A. Lamed
Chas. H. Blair Jr.
Frederic Gallatin J
Albert R. Gallatin
111
INVESTMENT SECURITIES
Broadway
BANKERS
Municipal, Railroad and Corporation Bonds
20 Broad
We maintain
an
Street, New York
OUTSIDE SECURITIES DE¬
PARTMENT which deals
Dividend-Paying Stocks
Companies.
If Interested write'for
RAILROAD BONDS
GUARANTEED STOCKS
our
particularly in the
or
Railroad
quotation
Supply
sheet "C”
McCURDY,
HENDERSON & COMPANY
BANKERS
24 NASSAU STREET
PURCHASE AND OFFER ONLY
BONDS OF THE HIGHEST GRADE
MEMBERS N. Y. STOCK EXCHANGE
Transact
Interest allowed on deposits
Send for circulars
New York City
115 Broadway
J. S. Farlee.
Augusta
Maine
,
Boston
70 State St.
H. L. Finch.
W. S. Tarbell.
J. S. FARLEE & CO.
General Banking and Stock
Exchange Business.
A, TILTON
PORTLAND
Capital Fully Paid - - - $1,000,000
Surplus and Undivided Profits $600,000
OFFICERS.
W. M. Ladd, President. R. S. Howard Jr., Asst. Cash.
E. Cookingham, V. Pres. J. W. Ladd, Asst. Cashier.
W. H. Dunckley, Cash.
Walter M. Cook, Asst. Cash.
Interest paid on Time Deposits and Savings Accounts
Accounts of
solicited.
Banks, Firms, Corporations and Individuals
We are prepared to furnish depositors
facility consistent with good banking.
T. W. STEPHENS <fe 00.
BANKERS
a
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
>•
BANK
OREGON
-
Established 1859
every
P. W. BROOKS & CO.
.
Capital, $1,000,000
Cable: “Orlentment.”
Chas H. Jones A Co.
deal In
Acts as Cuban correspondent of American
banks and transacts a general banking business.
LADD
NEW YORK CITY
Telephone: 3155 Rector
STREET. NEW YORK.
Established 1865
MEMBERS OF N. Y. STOCK EXCHANGE.
Allow Interest on deposits subject to sight check.
Bay and sell on commission stocks and bonds, and
York Committee
Stock Exchange
A. M. KIDDER & CO.
5 NASSAU
John E. Gardln 1
Alvin W. Krech fNew
James H. Post
J
SCHMIDT & GALLATIN
Members N. Y
HIGH-GRADE
CARLOS DE ZALDO. President
I. DE LA CAMARA. Vice-President
JOSE
2 WALL
STREET, NEW YORK.
INVESTMENT
BONDS
WALKER BROS.
7IBR0ADWAY, N. Y.
MEMBERS NEW YORK STOCK EXCHANGE.
Members N. Y. Stock Exchange
Brokers and Dealers in
INVESTMENT SECURITIES
Interest allowed
on
Individuals and
accounts of
Corporations
INVESTMENT SECURITIES
HARTFORD. CONN.
11 WALL ST.. N. Y.
Henry G. Campbell
Edwin P. Campbell
James G. MacLean
.
H. G.
Campbell & Co.
11 WALL STREET. NEW YORK
Members New York Stock Exchange.
Securities
Bought & Sold
on
Simpson, Pearce & Co.
Members New York Stock
Members N. Y. Stock Exchange
Exchange
Telephones
111 BROADWAY
4490-1-2-3-4 Rector
NEW YORK
Commission
Effingham Lawrence & Co.
BANKERS
III
BROADWAY, NEW YORK
DEALERS IN
Bonds and Guaranteed Stocks
Orders
William Herbert & Co.
MEMBERS
N.
Y.
STOCK
Hanover Bank
II PINE
STREET,
EXCHANGE
NEW YORK
1852
1910
Jas. B. Colgate & Co.
36 Wall Street, New York.
Members
N. Y. Stock Ex.
PHELPS
29 Wall Street, New York
Members of New York Stock
City.
Exchange.
BONDS
Building
-
VICKERS
Investment
Bonds.
Gash orders only in stocks
accepted
E. & C. RANDOLPH
Members
New
Executed
CO.
No. 10 WALL STREET.
N. Y. and Phlla. Stock Exchanges.
Orders for Stocks and Bonds executed upon all
Exobanges In this country and Europe.
Especial attention given to supplying high-class
Members
INVESTMENT SECURITIES.
Open Market Securities Department
W. H.
HORACE HATCH. Manager.
Dealers In Investment and Other Securities of the
United States and Canada
Markets.
BANKERS AND BROKERS.
Exchange.
Broadway, New York.
Ill
Stock
all
JOHN H. DAVIS
Interest Allowed
York
in
on
Deposits Subject to Checks
Goadby & Co.
Bankers and Brokers
NO. 74
BROADWAY,
NEW YORK
Dec. 31
XXV
THE CHRONICLE
1910.]
^
financial.
fpixfctxjcial.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
Adrian H. Muller & Son,
New York. January 21st.
1910.
submit the following statement of Us affairs
1909.
Marine Risks from 1st January. 1909. to 31st December, 1909—.......33,759,391 25
Policies not marked oil 1st January. 1909........
.......
717,712 70
The Trustees, in conformity with the Charter of the Company,
on the 31*f of December,
AUCTIONEERS.
Premiums
Premiums
Regular Weekly Sales
on
on
W^477403J*5
Total Marine Premiums
OP
Premiums marked off from 1st January, 1909, to 31st
STOCKS and BONDS
December, 1909...........—... +3,791,557 06
3322.046 46
145.679 82
Interest received during: the year.
Rent less Taxes and Expenses...
EVERY WEDNESDAY
Losses paid during the year which were estimated
and previous years
-—
Losses occurred, estimated and paid In 1909...
Office. No. 56 WILLIAM STREETS
Corner Pine Street.
In 1908
3467,726 28
3829,378 19
...1,149.459 56 31.978.837 75
3249.891 07
235.520 48
Less Salvages.
Re-Insurances.
485.411 55
31,493.426 20
360,285 14
Returns of Premiums
Expenses, Including officers’salaries and clerks'compensation,
newspapers, advertisements, etc
THE AMERICAN MFG. CO.
*
35,461,042 00
curltles
Special deposits In Banks 8sTrustCos. 1,000,000 00
Real Estate cor. Wall 8s WilllamSts.,
8s Exchange Place.34,299,426 04
SISAL AND JUTE
Other Real Estate 8s
claims due the com¬
CORDAGE
Premltim
Gash
65 Wall Street
New York
-
In
4,374.426 04
notes and Bills Receivable
1,213,069 68
the
hands
of
European
losses under poli¬
cies payable In foreign countries.
Accountant
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OP INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES. BANKS. RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA
TIONS.
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS’ OFFICES.
Sample Copy 15 cents. Per Annum $1 50
263,468 95
120,569 42
Unpaid
Return Premiums Unpaid
Certificates of Profits Ordered Re¬
Withheld
Premiums
Certificates of
for
Profits
Unpaid
22,353 49
Outstand¬
7,404.890 00
ing
370,000 00
Real Estate Reserve Fund
239,948 04
633,405 13
...
Aggregating
312,921,890 89
Aggregating..
P. O. BOX 87, MAIN OFFICE.
WASHINGTON, D. C.
32,393,297 00
685,546 90
Bankers to pay
Cash In Bank
<&avtxnmtnt
Estimated Losses and Losses Un¬
settled
Premiums on Unterminated Risks.
Certificates of Profits and Interest
deemed,
75.000 00
pany
3356,913 04
LIABILITIES.
ASSETS,
United States 8s State of New York
Stock, City, Bank and other Se-
MANILA
stationery,
311.260,125 76
A dividend of Interest of Six per cent on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday the first of February next.
The outstanding certificates of the Issue of 1904 will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday the
first of February next, from which date all
Interest thereon will cease.
The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company for the year
ending 31st December, 1909, which are entitled to participate In dividend, for which, upon appli¬
cation, certificates will be Issued on and after Tuesday the third of May next.
By order of the Board,
G« STANTON FLOYD-JONES,
Secretary.
TRUSTEES.
DALLAS B. PRATT.
CLEMENT A. GRISCOM,
GEORGE W. QUINTARD.
ANSON W. HARD.
A. A. RAVEN,
LEWIS CASS LED YARD,
JOHN J. RIKER,
CHARLES D. LEVERICH.
DOUGLAS ROBINSON.
LEANDER N. LOVELL.
GUSTAV H. SCHWAB.
GEORGE H. MACY,
WILLIAM SLOANE.
CHARLES H. MARSHALL,
ISAAC STERN.
NICHOLAS F. PALMER,
WILLIAM A. STREET.
HENRY PARISH,
GEORGE E. TURNURE.
ADOLF PAVENSTEDT,
CHARLES M. PRATT,
A. A. RAVEN, President.
CORNELIUS ELDERT, Vice-President.
SANFORD E. COBB. 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART, 4th Vice-President.
FRANCIS M. BACON,
WALDRON P. BROWN.
VERNON H. BROWN,
JOHN N. BEACH.
JOHN CLAFLIN,
GEORGE C. CLARK,
CLEVELAND H. DODGE.
CORNELIUS ELDERT,
RICHARD H. EWART.
PHILIP A. S. FRANKLIN,
HERBERT L. GRIGGS.
C. B. Van Nostrand
SO WALL STREET
SUtnofe £§>ureti> Company
INDUSTRIALS
Home
Office, 206 La Salle Street
CHICAGO
Bank and Trust Company Stocks
NEW YORK AND BROOKLYN
Court—Fidelity—Contract—Miscellaneous
BOUGHT AND SOLD
GILBERT
CLINTON
2 WALL ST.
WRITES ALL CLASSES SURETY BONDS
both in the
GEO. B.
Illinois Surety Company is “Prompt Service*9 *
handling of its business and the adjustment of its losses
The motto of the
NEW YORK
EDWARDS
Tribune Building, 154 Nassau Street,
Telephone 4218 Beekman,
NEW YORK, N. Y.
Negotiations,Investigations,Settlements,
out of New York
City
Satisfactory References
In
or
Ready About January 15, 1911
Range of Prices for Stocks and Bonds
FROM
EDWIN R. CASE
NEW
JERSEY
No better State
1907 to
SECURITIES
No better Seourltlei
15 EXCHANGE PLACE
Earnings, Fixed Charges and Dividends for Series of Years
Hand Book of Securities
JERSEY CITY
Tell. 166 and 751
January 1, 1911
Price of Single Copies
To Subscribers of the Chronicle
H. AMY & CO.
.
.
,
$1 00
75
BANKERS.
44 and 46 Wail Street, New York
Front
INVESTMENT SECURITIES
Bills el Exchange.
Letter* of Credit.
Commercial
a
Financial Chronicle
Pine and Dopeyster Streets,
NEW YORK.
XXVI
THE CHRONICLE
(VOL.
Srart ©omyanteg.
LXXXXI.
Companies.
united ms Tmst Gompang or jiewM,
Chartered IMS
Manhattan
45 and 47 WALL STREET
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
-
$2,000,000.00
$13,733,303.21
-
Trust
This Company acta aa Executor. Administrator. Guardian.
Trustee, Court Depositary and In
ether recognized trust capacities.
It allowa Interest at current rates on deposits.
It holds, manages and Invests money, securities and
other property, real or personal, tor estates
•etporatlons and Individuals.
Company
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
WILFRED J. WORCESTER, Asst. Sec.
HENRY E. AHERN, Secretary.
CHARLES A. EDWARDS, 2d Asst.Sec.
TRUSTEES.
JOHN A. STEWART. Chairman of the rtoara.
Gustav R. Schwab.
Lewis Cass Ledyard,
Frank Lyman,
Lyman J. Gage.
James Stlllmar
Payne Whitney,
John Clafltn,
Edward W. Sheldon.
John J. Phelps.
Chauncey Keep
W Bayard Cutting,
William Rockefeller,
Alexander E. Orr
William H. Macy Jr..
William D. Sloane,
Temporary Offices
George L. Rives,
Arthur O. James,
William M. Kingsley.
William Stewart Tod.
113 BROADWAY
Ogden Mills.
Egerton L. Wlnthrop
WALL STREET
Fidelity Trust Company
NEWARK, N.
CORNER NASSAU
j.
Resources Over $29,000,000
Industrial Trust Company
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts
Providence, R. I.
CAPITAL
SURPLUS
Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates.
Guarantees Titles of
Real Estate throughout New Jersey.
as
8.000.00C
OFFICERS.
Cyrus P. Brown, President
Arthur L. Kelley, Vice-President
H. Martin Brown, Vice-President
Otis Everett, Vice-President
Joshua M. Addeman. Vice-President
Ward E. Smith. Treasurer
Chas. H. Manchester. Secretary
H. Howard Peoper, Asst.Treat.
Frederick B* Wilcox.Audi tat
BOARD OF DIRECTORS.
General Banking and Savings Departments.
Bond Department for
purchase and sale of municipal and public utility securities. Safe Deposit
Department.
Samuel P. Colt
Olney T. Inman
Richard A. Robertson
Joshua M. Addeman
James M. Scott
William H. Perry
Arthur L. Kelley
H. Martin Brown
CENTRAL TRUST COMPANY
of NEW YORK
54
George F. Baker
George M. Thornton
Wall Street
Cyrus P. Brown
Capital and Surplus, $18,000,000
to act as
Executor, Trustee, Administrator
Ezra Dixon
Howard O. Sturgis
Edward D. Pearce
Englehart C. Ostby
(of which $ 1 7,000,000 has been earned)
Herbert N. Fenner
J. Milton Payne
Eben N. Littlefield
Otis Everett
C. Prescott Knight
Jesse H. Metcalf
John J. Watson Jr.
Charles H. Allen
John B. Branch
William P. Chapin
Angus McLeod
Onas. O. Harrington
Louis H. Comstock
Authorized
$3,000,000
-
.Accountants.
or
Guardian.
LYBRAND,
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
ROSS BROS A
MONTGOMERY
Certified Public Accountants
(Pennsylvania)
I
CHARTERED 1864
Union Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office: 425 Fifth Avenue, corner 38th Street,1
With Modern Safe Deposit Vaults
Capital $1,000,900
as
Executor, Guardian, Trustee, Administrator and In all
Fiduciary Capacities
on behalf of Individuals, Institutions or
Corporations.
YORK,
165
PHILADELPHIA,
Broadway
Land Title Bldg.
PITTSBURGH,
Union Bank Bldg.
CHICAGO, First National Bank Bldg.
JAMES PARK A CO.
CERTIFIED
PUBLIC
ACCOUNTANTS
New York,
Chicago, Cincinnati and
London, England.
Surplus (earned) $7,7II I))
ALLOWS INTEREST ON DEPOSITS.
Acts
NEW
AUDITORS
FOR
FINANCIAL
MINING COMPANIES
Investigations, Financial Statements,
Periodical Audits and Accounting.
1850
nimoisTtast&SavmgsBaiik
CHICAGO
Time Deposits, Current and Reserve Accounts.
Deals In Investment Securities and
Foreign Exchange.
Transacts a General Trust Business.
on
CORRESPONDENCE INVITED.
1910
The United States Life
Insurance Co.
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
Capital and Surplus
$13,600,000
Pays Interest
INSTITU¬
TIONS, INDUSTRIAL AND
JOHN P. MUNN, M. D.f President.
Finance Committee
JLARENCE H. KELSEY, Pres.
TitleGu.ATr.Go
WM. H. PORTER, Pres. Chemioal National
Bank
SD. TOWNSEND. Pres. Imp. A Traders
Nat. Bk.
Good men, whether experienced In life
Insurance
not, may make direct contracts with this Com¬
pany. for a limited territory If desired, and secure
(or themselves. In addition to first
year’s oommisilon, a renewal Interest Insuring an Income for the
future.
Address the Company at Its Home Offloe
Vo. 277 Broadway. New York
City
or
XXVII
THE CHRONICLE
Deo. 311910.1
Qxn&t ©xrmpratxies.
The NEW ENGLAND
TRUST COMPANY
olETcolony trust company
BOSTON, BASS.
BOSTON, MASS.
DIRECTORS.
T. JEFFERSON COOLIDGE JR., Chairman Executive
GORDON ABBOTT. Chairman of Board.
Authorised to act as Executor, and to receive
and hold money or property In trust or on deposit
tvem Courts
of Law or Equity Executors,
Administrators, Assignees. Guardians. Trustees,
darporations end
Individuals.
Also acts as Trustee under Mortgages
Tvansfer Agent and Registrar of Stocks and
and as
Bonds.
I&cerest allowed on Deposits Subject to Check.
OFFICERS
DAVID R. WHITNEY, President
OH ARLES F. CHOATE, Vice-President
ALEXANDER COCHRANE. Vice-President
NATHANIEL THAYER, Vice-President
JAMES R. HOOPER, Actuary
HENRY N. MARR, Secretary
FRED. W. ALLEN, Asst. Sec. & Treas.
THOMAS E. EATON, Asst. Treas.
FRANCIS R. JEWETT, Trust Offloer
CHAS. E. NOTT, Mgr. Safe Dep. Vita.
BOARD OF DIRECTORS
William Endlcott, Chairman
James G. Freeman
Walter C. Bay lies
Morris Gray
Alfred Bowdltch
James R. Hooper
9. Parker Bremer
Ernest Lovering
Timothy E. Byrnes
Oharles F. Choate
Alexander Cochrane
Philip Dexter
William Endlcott Jr.
Francis W. Fabyan
William Farnsworth
Frederick P. Fish
Nathaniel Thayer
Eugene V. R. Thayer
David R. Whitney
S1.000.00C
CAPITAL
HENRY G. BRENGLE. President.
fOS. S. CLARK. Vice-President.
(9HAS. P. LINEAWEAVER. Sec. A Treas.
ADAM A. STULL. Chairman of Board.
DIRECTORS.
J. Levering Jones.
Malcolm Lloyd,
Eugene L. Ellison.
Joseph C. Fraley.
Harry C. Francis.
Henry L. Gaw Jr..
Reginald Foster
George P. Gardner
Edwin Farnham Greene
Robert F. Herrick
Coolldge Jr.
John Mcllhenny.
Richard Wain Metis.
Clement B. Newbold.
John W. Pepper.
William F. Read,
Adam A. Stull.
Edward D. Toland,
Joseph R. Wain Wright.
William D. Wlnsor.
Howard 8. Graham.
Samuel F. Houston.
P«OFirsj5P°»04U»UUU
BUSINESS TRANSACTED.
DIRECTORS.
Henry Semple Ames, Vice-President.
William Bagnell, President Bagnell Timber Co.
John 1. Beggs, President MUwauxee Light Heat a
Individual and
Corporation Accounts.
Acts as Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
on
Traction Co.
Wilbur F. Boyle. Boyle & Priest.
James E. Brock, Secretary.
Murray Carleton. President Carleton Dry Goods Os
Charles Clark.
Horatio N. Davis, President Smith&Davls Mfg.Os
John D Davis, Vice-President.
David R. Francis, Francis, Bro. A Co.
S. E. Hoffman. Vloe-Presldent.
E. B. MORRIS, President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON. 2d Vice-President.
C. J. RHOADS, 3d Vlce-Pres. and Treasurer.
E. S. PAGE, Secretary.
Breckinridge Jones. President.
Wm. G. Lackey, Vloe-Presldent and Bond Offloer
W. J. McBride. V.-Prea. HaskeU & Barker Car Os
Nelson W. McLeod. Vloe-Presldent Grayssa
McLeod Lumber Co.
Saunders Norveil, President Norvell-Shaplelgk
MANAGERS:
Edward J. Berwlnd.
Randal Morgan,
Edw. T. Stotesbury.
Charles E. Ingersoll.
John S. Jenks Jr.,
Effingham B. Morris,
John A. Brown Jr..
John B. Garrett.
William EL Gaw,
Francis I. Go wen,
Geo. H. McFadden.
Hardware Co.
Robert J. O’Reilly. M. D.
Wm. D. Orthwein, President Wm. D. Orthweta
Henry B. Coxe,
Edgar C. Felton.
Henry Tatnall,
Louis.
l®o can non
and
A GENERAL FINANCIAL AND FIDUCIARY
Corporations.
Interest Allowed
William T. Elliott,
Isaac H. Clothier,
W. Hlnckle Smith,
Thos. DeWitt Cuyler.
B. Dawson Coleman.
C. Hartman Kuhn.
James Speyer,
Broad and Chestnut Streets.
Grain Co.
Henry W. Peters, President Peters Shoe Co.
H. C. Pierce, Chairman Board Waters-PieroeOU Os.
August Schlafly, August Schlafly & Sons.
R. H. Stockton. President Majestic Mfg. Co.
Julius S. Walsh. Chairman of the Board.
PHILADELPHIA ‘
Rolla Wells.
©jOrttOU.
L. F. DOMMERICH & CO.
NEW YORK
Howard O. Sturgea.
Stephen O. Metcalf.
Walter R. Callender.
General Offices, 57
Edward Holbrook.
James E. Sullivan,
Greene Street
Benjamin M. Jackson
John R. Freeman,
Charles S. Mellen.
Robert W. Taft,
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
CARRY NO
GOODS FOR OWN ACCOUNT
WILLIAM RAY A CO.
Successors to
GEO
Geo. H. MPPadden & Bro.,
*
COTTON MERCHANTS
NEW YORK.
PHILADELPHIA.
COPELAND & CO..
COTTON BROKERS.
CENTRAL
TRUST COMPANY
R H. ROUNTREE & CO
OF ILLINOIS
4S Cotton Exchange
New York.
Orders for ruture delivery oontracts executed on
the New York and Liverpool Cotton Exchanges.
-
,
Commission Merchants.
CHICAGO
Capital and Surplus
$2,500,000
CHARLES G. DAWES. President.
A. UHRLAUB, Vloe-Presldent.
EDWIN F. MACK. Vloo-Presldent.
WILLIAM T. ABBOTT, Vice-President.
WILLIAM R. DAWES. Cashier.
L. D. SKINNER. Asst. Cashier.
WILLIAM W. GATES. Asst. Cashier.
JOHN W. THOMAS. Asst. Cashier.
ALBERT G. MANG, Secretary.
MALCOLM MoDOWELL, Asst. Secretary.
WILLIAM G. EDENS, Asst. Secretary.
JOHN L. LEHNHARD, Asst. Trust Offloer.
savings and trust
DEPARTMENTS
l-OR MANUFACTURERS.
AGENTS AND OTHERS
(NT AND GUARANTEE SALES
HERBERT J. WELLS, President.
EDWARD S. CLARK, Vloe-President.
HORATIO A. HUNT. Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER, Trust Offioei
CYRUS E. LAPHAM, Asst. Seo’y.
JOHN E. WILLIAMS. Asst. Seo’y.
HENRY L. SLADER, Asst. Seo’y.
G. A. HARRINGTON. Asst.Tr.Offl'► -
Stephen M. Weld
Sidney W. Winslow
Fourth & Pine Sts., St.
CAPITAL. SURPLUS
CHARTERED 1835.
Webster Knight.
Nelson W. Aldrich,
Stephen O. Edwards.
Frank W. Matteson.
Samuel R. Dorranoe,
R. H. Ives Goddard Jr.
BANKING,
Howard Stockton
Philip Stockton
Charles A. Stone
Galen L. Stone
Nathaniel Thayer
Lucius Tuttle
H. O. Underwood
Eliot Wadsworth
Mississippi Valley Trust Co.
Capital and Surplus, $10,000,000
DIRECTORS.
Lyman B. Goff,
Rowland G. Hazard.
Herbert M. Sears
Quincy A. Shaw
Agent for Trust tympanies in Maine, Massachusetts and Rhode Islandi
Girard Trust Company.
52.000.000
52.000.000
Robert H. I. Goddard,
Robert I. Gammell,
William B. Weeden.
Edward D. Pearoe.
Robert Knight.
John W. Danielson.
Herbert J. Wells.
Henry Parkman
Richard S. Russell
Walter Hunnewell
Charles W. Whittier
Authorizod Reserve
PROVIDENCE. R. I.
Royal C. Taft.
Gardiner M. Lane
Col. Thos. L. Livermore
Arthur Lyman
Charles S. Mellen
Laurence Minot
Maxwell Norman
Hon. Richard Olney
Robert T. Paine 2nd
Philip L. Saltonstai
PRESIDENT. PHILIP STOCKTON.
Vice-Presidents. WALLACE B. DONHAM
Treasurer, FREDERIC G. POUSLAND
Cashier, GEO. W. GRANT
JULIUS R. WAKEFIELD
Manager Credit Dept., ELMER E. FOYE.
Secretary. CHESTER B. HUMPHREY
Trust Officer. F. M. HOLMES
Rhode Island Hospital
Trust Company
SURPLUS-
Henry C. Jackson
George E. Keith
Andrew W. Preston
Henry S. Howe
Charles E. Cottlng
Alvah Crocker
Executor. Administrator. Trustee.
Assignee and Receiver.
Financial Agent for Individuals or
509-506-507 Chestnut St.. Philadelphia
Edwin 8. Dixon,
T. Jefferson
Frederic C. Dumalne
William Endlcott Jr.
Wilmot R. Evans
Frederick P. Fish
Acts as
The Trust Company
of North America
Committee.
FRANCIS R. HART. Vice-Chairman.
Philip Y. DeNormandle
Philip Dexter
George A. Draper
Charles F. Adams 2nd
F. Lothrop Ames
Oliver Ames
C. W. Amory
William Amory
Charles F. Ayer
John S. Bartlett
Samuel Carr
B. P. Cheney
Hon.T. J eff ersonCoolldge
Henry H. Proctor
James M. Prendergast
Herbert M. Sears
Lawrence M. Stockton
George Wlgglesworth
Henry Q. Brengle.
James Crosby Brown.
John Cadwalader,
W. Clark Jr..
Eckley B. Coze Jr.,
$12,500,000
Capital and Surplus
CAPITAL. H.000.000
SURPLUS, »S.000.000
Safe Deposit Vaults
COTTON, GRAIN, PROVISIONS and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK.
22
Liverpool Correspondents*
FREDERIC ZEREGA A OO
Bremen
Correspondents:
MCFADDEN BROTHERS & OO
Havre Correspondents:
90CIETE D'IMPORTATION ET DE COMMITS
Siegfr. Gruner & Co.
COTTON MERCHANTS
GWATHMEY & CO.
17 South William Street,
COTTON MERCHANTS
NEW YORK,
Exchange Place,
-
-
NEW YORK
ROBERT MOORE & CO.
56 Beaver
Street. New York*
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
■XOHANGES.
OOTTON PURCHASED FOR SPINNERS’ USB.
Mason Smith & Co.,
COTTON COMMISSION MERCHANTS
NEW
ORLEANS, LA.
REUIPHIS, XENN.
DALLAS, TEX.
Bx*
Buyers of Spot Cotton.
Orders for Contracts
outed In New Orleans, New York
T.lmmnnl Anri Hsvre
Markets
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Siyi*
financial.
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fptumcial.
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WOODWARD
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E. H.ROLLINS & SON8
4 COTTON MERCHANTS
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.
.
Established 1876
t '
16 «• 22 WILLIAM STREET,
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AMERICAN COTTON OP ALL GRADES SUIT-
r^iABLB TO
WANTS OP SPINNERS.
BANKERS,
^
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Negotiate and Issue Loans jfe BailOorporatdons.
Buy and sell Bonds sultaMe for
reads and Established
Investment.
-
Established In 1856.
Henry Hentz & Go.
COMMISSION MERCHANTS
16 to 88 William 8txeet, New York.
JBMMte Orders /#r Future Delivery
Fiscal Agent for Cities and Corporations
Y=
■■-,*>>$£#& J
COTTON
At the New York.
List
on
Application
■
Liverpool and New Orleanu
Also orders (or
COFFEE
At the New York Coffee Exobance
OR AIN AND PROVISIONS
Vat the Chloago Board o( Trade and
GRAIN AND COTTON-SEED OIL
is- ;a At tbe New Yhrk Produce Exchange
Ootton Be changes.
•
Hubbard Bros. & Co.
CHICAGO CITYMORTGAGES/^
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REE ESTATE BOlIi.
CORPORATION l RAILROAD BONDS.
COFFEE EXCHANGE BUILDING
SEND FOR
ClRCUUtRO;^
BOSTON
NEW YORK
CHICAGO
DENVER
SAN FRANCISCO
‘
HANOVER SQUARE.
PEABODY, H0UGHTELIN6 & CO.
CX)TTON MERCHANTS
Liberal Advances Made
.•
•
w&O
on
181
Cotton
Consignments.
'La; Salle: Street, ’i"'
F. H. PRINCE & CO.
CHICAGO.
[Established 1805.1
>
BANKERS
v
Hopkins, Dwight & Co.
COTTON
t
V,
BOSTON, MmSS.
GEO. H. BURR & CO.
and
COTTON-SEED OIL.
BANKERS
COMMISSION MERCHANTS
Room 52 Cotton Exchange Building,
NEW YORK.
,.
LEHMAN. STERN A CO.. Limited. New Orleans.
LEHMAN BROS.
Nos. 16-22 William Street. New York.
Commercial Paper
f
•
.v«
43
Exchange Place
HIGH-GRADE INVESTMENTS
tX' 1
-
...
New York
y.
Members of New York and Boston Stoek Exchange*
S'.'.
Boston
St. Louis
Chicago
Philadelphia
Kansas City?
_
Francisco
Members of the Stock, Cotton, Cojjee
and Produce Exchanges, New
York.
Orders executed on the above Exchanges, as well In
New Orleans. Chicago and foreign markets.
Sullivan Brothers
Stephen M. Weld & Co.,
Municipal and Corporation Bonds
COTTON MERCHANTS,
82-92 Beaver Street, - New York City
FIRST NATIONAL BANK BLDO..
CHICAGO
Chas. S. Kidder & Co.
SMITH A HAYNE
MUNICIPAL & COR¬
PORATION BONDS
Prank B. Hayne (in Comraendum)
Cotton Brokers,
COTTON EXCHANGE BUILDING.
NEW ORLEANS, LA.
182 LA SALLE
STREET,
427
(Other cotton cards
on
preceding oage.)
OEVin, Tremble & Go.
BONDS FOR INVESTMENT
The audit Company
of New York
City Investing Building
165 Broadway, New York
Members
FIRST NATIONAL BANK BLDG.,
CHICAGO ;
PHI LA. NATIONAL BANK BLDG.,
PHILADELPHIA
STREET
York St®ck Exchange
\New
l Philadelphia
“
44
(Established 1862.)
W. T. HATCH
& SONS
BANKERS AND BROKERS
71
AND LIVERPOOL MARKETS.
CHESTNUT
PHILADELPHIA, PA.
CHICAGO
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW ORLEANS. NEW YORK
Co.
BONDS
BOSTON. PHILADELPHIA. PROVIDENCE
Liverpool. WELD A CO.
Bremen. ALBRECHT. WELD A CO.
&
Broadway.
New York
-
MEMBERS OF
NEW YORK STOCK EXCHANGE.
HOLLISTER, FISH & CO
BANKERS
Members New York Stock
Exchange
Investment Securities
Nassau A Pine Stroeta, N. Y
Telephone 6780 Cortland.
New York Life
DominicH ADominicK
Building, Chicago
Audits and examinations.
Appraisals of values of lands, buildings,
machinery, etc.
Financial and cost systems of accounts.
FIRST NATIONAL BANK
He T. HOLTZ & CO*
MUNICIPAL AND
CORPORATION BONDS
United Bank Note Corporation Stocks
Correspondence Invited
DICK BROTHERS & CO.
RICHMOND. VIRGINIA
Capital and Earned Surplus,
-
$2,000,000
JOHN B. PURCELL, President
JOHN M. MILLER JR., V.-Prest. A Cashier
FREDERICK B. N0LTXNG. 2d Vloe-Prest
Correspondence Invited
116 BROADWAY
Member. New York Stoek Exobance.
17X LA SALLE
STREET, OHIOAOO
BANKERS AND BROKERS.
*0 Broad St.,
•
New York.
Meuauers of N. Y. and Phlla. Stoek Exohangea.
New York, New Orleans and Liverpool Gotten 1
.
Bxohanges, New York Coffee Exchange
and
Ghloaco Board of Trade.
@FedFRASER