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financial
The
INCLUDING
Bank & Quotation Section
Railway Earnings Section
VOL. 92.
Ijrunide
Railway & Industrial Section
Bankers' Convention Section
Electric Railway Section
State and City Section
SATURDAY, FEBRUARY 11 1911.
hc Threaxidt.
PUBLISHED WEEKLY.
1911.
For One Year
*10 00
For Six Months
0 00
European Subscription (including postage)
13 00
European Subscription six months (including postage)
7 50
Annual Subscription in London (including postage)
22 14s.
Six Months Subscription in London (including postage)
21 us.
Canadian Subscription (Including postage)
$11 50
Subscription includes following Supplements
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STATE AND CITY (semi-annually)
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RAILWAY EARNINGS(monthly)
RANKEhS' CONVENTION'(yeacIY)
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Transient matter per inch space(14 agate lines)
$4 20
Two Months
(8 times)
22 00
29 00
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CHICAGO OFFICE-Pliny Bartlett,513 Monadnock Block; Tel. Harrison 4012
-Edwards Smith,1 Drapers' Gardens, E. C.
LONDON OFFICE
WILLIAM D. DANA COMPANY, Publishers,
P.O. flex 958. Front. Pine and Depeyster Ste., Now York.
-Published every Saturday morning by WILLIAM B. DANA COMPANY.
Jacob Seibert Jr., President and Treas.: George S. Dana and Arnold G. Dana.
vtee-Preilrients: Arnold G. Dana. See. Addresses of all, Office of the Company.
CLEARING-HOUSE RETURNS.
The following table, made up by telegraph, &c., indicates that the total
bank clearings of aii clearing houses of the United States for week ending
Feb. 11 have been $3,105,607,820, against $3,578,919,486 last week and
$2,976,475,987 the corresponding week last year. The increase over
1910 In the total for the week Is due to the holiday In that year.
Clearings-Returns by Telegraph.
Week ending Feb. 11.
1911.
1910.
Per
Cent.
New York
Boston
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
$1,507,075,545
131,786,105
122,895,011
29,331,166
214,140,922
69.152,646
19,368.547
$1,833,887,969
135.784,616
119,850.598
23.082,889
215,942,206
59,968,599
15,333,833
-17.8
-2.9
+2.5
+27.1
-0.8
+15.3
+26.3
Seven cities, five days
Other cities, five days
$2,093,749,942
491,276,481
$2,403,850,710
485,376,248
12.9
+1.2
Total all cities, five days '
All cities, one day
32.585,026,423
520,641,397
32,889,226.958 -10.5
87.249,029 +496.7
et inn 11A7 nOn
t9 0711 47n 057
Tntal nil (*Mpg fnr tonoir
-I-4•5
Note.
-Saturday, Feb. 12 1910 holiday at New York, Philadelphia and Chicago
Lincoln's Birthday.
The full details for the week covered by the above will be given next Saturday. 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 we go to press Friday night.
We present below detailed figures for the week ending with Saturday,
noon, Feb. 4, for four years.
Week ending February 4.
Clearings at
1911.
1910.
Inc. or
Dec.
1909.
1908.
$
New York
2,218,149,629 2,448,757,914
Philadelphia _
168,030,218 158,535,715
Pittsburgh
50,649,908
48,570,142
Baltimore
39,364,334
34,241,508
Buffalo
9,714.012
9,482,631
Albany
5,847,137
5,567,780
Washington _
7,984,064
7,580,914
Rochester
5,147,250
5,731,098
Scranton
3,350,646
2,641,118
Syracuse
3,076,082
2,766,583
Reading
1,523,500
1,506,543
Wilmington
1,475,000
1,626,671
1,481,478
Wilkes-Barre
1,544,779
_
1,776,527
1,597,853
Wheeling
1,286,755
Harrisburg
1,347.607
1,447.413
1,541,205
Trenton
905,902
1,070,715
York
882,260
Erie
823,577
608,407
Chester
590,877
535,200
Binghamton __
625,700
614,045
Greensburg
545,330
260,000
Franklin
260.000
418,273
Altoona
437,286,
%
9.4
- 1,968,479,497 1,304,320.874
+6.0 138,842,916 113,347,613
39,390,640
+4.3
41,515,507
24,045,504
+14.9
30,711,619
9,672,820
+2.4
7,907,307
4,849,857
+5.0
4,889,728
+5.3
5,562,385
6,755,381
-10.2
4,237,029
4,577,689
+26.8
2,024,237
2,495,328
-10.1
2,394.493
2,295,447
+1.1
1,034,969
1,264,551
-9.3
1,124,563
1,305,426
-4.1
1,129,468
1,370,879
--21.3
1,289,160
1,589,426
+4.7
1,185,325
937,937
+6.5
1,465,916
+18.2
765,274
672,760
6.7
618,601
513,487
2.9
482,127
467,749
+16.9
501,900
459,900
-11.2
522,079
454,426
-5.5
286,727
290,492
+4.5
305,199
295,990
Middle_ - 2,524,123,909 2,737,612,677
MN
Boston
185,246,5771 200,261.805
8.507,200
Providence
8,334,400
Hartford
4,770.056
4,321,911
New Haven
3,444,537
3,038,227
2,066,939
Springfield
2,200,000
Portland
2,139,870
1,934,840
Worcester
2,115,911
2,396,248
Fall River
1,314,104
1,308,804
New Bedford._
1,267,881
925,151
Lowell
634,921
456,769
Holyoke
582.606
599,132
-7.4 2,220,133,849 1,518,517,253
rTotal
-7.5
-2.0
-9.4
+13.4
-6.1
+10.6
11.7
-0.4
27.0
+39.0
-2.8
180.064,960
7,857,100
3,925,726
3,226.005
2,165,628
1,889,983
1,516,197
1,496,435
976,666
438,216
534,683
138,458,022
7,209,700
2,971,073
2,386,254
1,889,505
1,713,781
1,370,589
1,042,997
639,752
458,285
471,049
Tot. New Eng_ 211,120.997 226,746,322 -6.9 204.091,599 158,611.007
Note.
-For Canadian clearings see !ICorninercial and Miscellaneous News."
Week ending February 4.
Clearings at
-
Terms of Subscription-Payable in Advance
NO. 2381.
1910.
Inc. or
Dec.
1909.
1908.
$
$
Chicago
276,589,495 273,697,926 +1.0 288,621,998 219,940,874
Cincinnati
25,719,400 24,088,550
27,282,100
6.3
23,696,150
Cleveland
18,194,135
17,615,903 +3.3
19,017,211
13,8,56,679
Detroit
15,502,373
15,902,269 2.5
13,023,204
11,791,008
Milwaukee
14,677,096
13,481,323 +8.9
11,934,049
10,328,779
Indlanapois _ _ _
9,181,154 8,614,923
6.2
7,859,549
7,285,073
Columbus
6,345,400
5,721,900 +10.9
5,677.000
4,517,900
Toledo
4,011,484
3,785,844 +6.0
3,378,920
3.484,732
Peoria
3,465,242
3,195,639 +8.4
2,776,341
3,018.708
Grand Rapids...
3,047,651
2,593,866 +17.8
2,059,392
1,723,836
Dayton
2,033,322
1,997,370 +1.8
1.733,697
1,421.479
Evansville
2,236,201 +1.4
2,267,618
1,789,885
1,448,635
Kalamazoo
1,107,850
1,567,536 -29.3
1,168,822
902,340
Springfield, Ill_.
1,133,444 -17.4
936,381
960,145
900,8311
Youngstown _1,085,031
1,105.197 -1.
904,293
896,067
Fort Wayne__ _ _
920,997
933,416 -1.3
796,279
722,025
Lexington
1,375,885
1,219,446 +12.
582,153
649.454
Akron
810,400
720,100 +12.5
605,000
490,000
Rockford
646,734
595,013 +8.7
477.990
543,337
Quincy
741,899
641,453 +15.7
516,840
582,772
South Bend
509,933
440,672 +15.7
427,630
368,335
Bloomington.._ _
587,700
611,756 -3.9
517,127
487,731
Decatur
416,194
590,670 29.5
426.49:
434,010
Canton
855,758
846,021 +1.1
724,218
366,561
Springfield, Ohio
528,534
438,444 +20.6
397,462
298.241
Jacksonville, III_
281,471
286,625 -1.8
267.611
323,021
Jackson
315,000
300,000 +5.0
287,635
240,000
Mansfield
352,018
420,929 -16.2
292,808
235.514
Danville
432,962
527,749 -18.0
426,109
318,368
Ann Arbor
175.000
187,398 -8.6
193,796
150,237
Adrian
28,718
33.969 -15.5
21,647
20,000
Lima
394,175
393.312 +0.2
255,000
257,000
Saginaw
531,816
564.436 -5.8
Lansing
352.319 Not included in total
Tots Mid. West 391,871,745 388,686,381 +0.8 394.989.013 311,997,117
42,469,132
San Francisco
44,856,032 -5.3
33.282,104
31,764,074
Los Angeles
15,398,091 +7.1
16,497,940
13.186,736
8,621,397
8,766.167
Seattle
10,473,316 16.3
9,107,48
6,491,936
Portland
8,154,544
8,733,666 8.6
6,088,406
4,744.578
Spokane
4,666,403 3,720,174
3,841,414
20.3
2.565,822
6,561,644 -27.6
4,751,395
Salt Lake City_ _
5,132,012
4,074,819
5,610,078 -25.6
Tacoma
4,172,584
4,202,030
3,611,736
Oakland
3,283,058 -6.5
3,070,363
1,987,492
1,479,379
Sacramento
1,181,599 +27.0
1,500,153
791,211
858,496
San Diego
1,100,000 +27,1
1,397,905
855,000
850,000
Stockton
509,246 -5.2
482,689
440,535
486,578
Pasadena
800,000 -5.7
756,378
Fresno
620,199
597,188 +3.9
534,398
San Jose
521,562 -9.0
474,961
470,682
343,000
North Yakima
467.556
450,000 +3.9
318,890
Reno
320,254 -21.8
250,956
Total Pacific80.218,392
97.553.096 105,062,137 -7.1
66,091,815
Kansas City...
54,188,391
48,345,580 +12.1
43,214,857
32,089,528
Minneapolis
18.009,088
21,686,704 -15.9
15,581,551
18,159,016
Omaha
14,177.075
15,076,749 -6.0
12,264.199
10,057,791
St. Paul
9,262,295
9,050,275 +2.3
8,403,338
8,171,269
Denver
8,755,262
9,866,696 -11.3
8,906,250
6,997,469
St. Joseph
6,525,000
6,529.184 0.6
5,970,185
4,731,509
Duluth
3,151.799 -25.5
2,377,182
Des Moines
3,781,045 +1.1
3,821,185
3,136,146
2,522,186
Sioux City
2,371,742
2,655,508 -10.7
2,601,185
2.048,264
Wichita
3,334,756
2,734,984 +21.9
1,700,000
1,304.007
Lincoln
1,593,592 +10.6
1.423,500
1,508,516
1,051,520
Davenport
1,912,996
1,701,404 +12.4
1,423,955
1,170.540
Topeka
1,386,030
1,316,358 +5.3
1,228,031
1.002,341
Cedar Rapids_ _
1,191,800
1,512,913 -21.2
910,910
830,129
Colorado Springs
640,000
720,524 -11.2
869,796
622,336
Fargo
632,225
724,437 12.7
569,960
485,253
Sioux Falls
950,000
865,000 +9.8
630,000
525.000
Pueblo
650,672
597,760 +8.9
570,839
545,777
Fremont
312,409
426,470 -26.8
323,379
289,821
Waterloo
1,051,151
807,170 +30.2
Helena
785,209
870,048 -9.7
814,512
468,204
Billings
119,079
180,966 -34.2
209,059
149,454
Hastings
120,000 +51.2
181,527
Total oth.West 134,058,574 133,502,996 +0.4 110,836.668
93,220,714
St. Louis
70,142,753 +17.0
82,073,241
67,289,844
58,948,375
New Orleans_ _19,249,517 +12.4
21,634,556
21,332,230
18,918,124
Louisville
15,730,766 •-3.6
15,171,736
15,652,907
12,336,006
Houston
13,012,198
14,716,850 -11.6
14,363,876
10,392,861
Galveston
7,234,000 +18.9
8,600,500
7,669,000
7,941,500
Richmond
5,687,194
9,672,152 -10.2
7,810,499
6,087,545
Fort Worth
7,538,891
6,317,267 +19.3
6,790,266
3,897.774
Memphis
8,760,436
5,730,094 +52.9
5.759,358
5,259,018
Atlanta
13,501,710
11,710,542 +15.3
5,964,456
4,754,969
Savannah
5,983,763
4,772,787 +2.5.5
3,850,283
5,748,097
Nashville
3,674,265 +7.2
3,939,329
3.258,520
3,176,841
Norfolk
3,324,346
2,706.368 +22.8
2,660,989
2,164.904
2,753,032
Birmingham _ 2,374,255 +16.0
2,111,680
1,916,294
1,992,089 +70.0
2,014,582
3,387,531
Augusta
1,729,410
2,417,221 +18.3
2,859,022
1,797,831
Jacksonville _ 1,309,283
2,014,324
1,566.338 +28.6
Little Rock
1,711,139
1,488,742
1,708,230 -5.4
1,616,685
1,533,358
Knoxville
1,443.525
1,690,509 +4.0
1,758,924
1,550,000
Chattanooga _- 1,475,000
1.700,890 +5.1
1,787,142
1,484,812
Charleston
1,474,439
2,325,597 +18.3
2,752,082
Oklahoma
1,568,996
873,146
1,722,041 -0.01
1,721,846
1,420,001
Mobile
1,157,442
1,150,000 +213.0
3,600,000
Macon
813,516
699,829
1.115,006 +20.3
1,341,586
Austin
759,551
550,514
404,143 +21.0
489,220
Vicksburg
469,570
564,963
411,360 +82.8
751,871
Wilmlon, N. C
376,695
245.624
435,000 +83.8
800,000
Jackson
425,000
285,253 +13.9
325,000
Meridian
683,223 Not included In total
Tulsa
Total Southern
Total all
220,191,165
193,155.293
3,578,919,486 3,784,770,806
Outside N. Y.- 1,360,769,857 1,336,013,8921
+8.8
181,868,473
152,356,391
-5.4 3,192,137.994 2,300,398,389
+1.9 1,223,658,497
996,277.515
344
THE CHRONICLE
Lxxxxii.
thus made and on file with the Banking Department
THE FINANCIAL SITUATION.
at Albany. These January 1 returns are not limited
In an address before the New York Chapter of the to the details of assets and liabilities. They also
American Institute of Banking at the Hotel Astor contain certain so-called "supplementary" items
on Wednesday night of this week, A. Piatt Andrew, As- relating to the business of the year, such as the
sistant Secretary of the Treasury, threw considerable dividends paid, the amount of profits, the sums
light on the objects which Senator Aldrich had in view charged off for depreciation, the amount of deposits
when drawing up his scheme of banking and currency on which interest is allowed, &c. It has invariably
reform, an outline of which was made public a short been our practice to publish these supplementary
time ago. Mr. Andrew may be said to speak by details, and, indeed, they constitute the most useful
authority. He has been, and still is, Special Assistant feature of the whole returns. For considerably over
to the National Monetary Commission, and in the in- twenty years we have been printing the figures, and
vestigations and inquiries conducted by that body he during the whole of that time some representative from
has been Mr. Aldrich's right-hand man. After enum- this office has always been permitted to make complete
erating some of the really excellent and commendable transcripts of the returns on file. In a word, the
features embodied in the Aldrich plan, Mr. Andrew propriety and expediency of publishing the stateadded: "Finally, it proposes to eliminate the irregu- ments, and all the items and information contained
larities which now exist between the Federal and State therein, has never been questioned.
But this year and last year, since Mr. 0. H. Cheney
banking systems by extending to banks subject to Federal
charter most of the privileges now enjoyed by the State- has been at the head of the department, an attempt
chartered institutions, and by drawing into the Federal has been made to withhold some of the facts. Last
systems the State banks and trust companies by means year our representative was not at first allowed to
of the special advantages which the Federal are to en- take off certain of the supplementary items. Later
joy.
,,
the Superintendent was induced to re-consider his
In speaking of the privileges "now enjoyed by State- determination after we had presented the facts to him.
chartered institutions," Mr. Andrew has reference to The present year we have not been so successful. In
the proposal contained in the Aldrich plan for endow- placing the returns on file at Albany it was indicated to
ing national banks with savings bank and trust com- press representatives, as in the previous year, that
pany privileges and functions. Mr. Andrew makes certain of the items must not be copied. These
the official declaration that by this means it is hoped items included the amounts charged to profit and
ultimately to do away with State institutions of this loss on account of depreciation and also on account of
class. Not only that, but in the process of eliminating other losses, and likewise the total of deposits on which
"the irregularities which now exist between the Fed- interest is allowed. We again communicated with the
eral and State banking systems" the State mercantile Superintendent at Albany, and not being favored with
banks are also to be wiped out. The task is obvi- a speedy reply,we sent a representative to take up the
ously a formidable one. We showed in our issue of two matter with him personally at his office in this city.
Weeks ago that, according to figures compiled by the On the present occasion Mr. Cheney would not yield.
Comptroller of the Currency, there were on June 30 He said some of the companies objected to the publi1910 no less than 12,166 State banks and 1,091 trust cation of these facts on the ground that they would
companies, and that they had aggregate capital stock be injured thereby, and personally he did not think
of $803,156,389 and aggregate resources of $7,911;- that the 'figures ought to be given out. We have
808,827. It must not be forgotten, either, that at the therefore been obliged to apply to the companies
same date there were 1,759 savings institutions with themselves for these particular items of information,
aggregate resources of $4,481,871,444. Adding also and large numbers of the companies have replied fa934 private banks with resources of $160,015,553, vorably to our requests. We have not succeeded in
there were altogether 15,950 State banking institu- getting the missing figures in all instances, but that
tions last June with $890,376,774 capital and $12,- is not strange considering that we did not finally get
553,695,826 resources. It is designed that this pow- the Superintendent's refusal until last Saturday, and
erful body of banking institutions shall be driven out some of our letters asking for the omitted items did
of the field and be replaced by national institutions. not get out until Tuesday night of this week, leaving
Of these latter there were at the date mentioned only two clays for a reply. If we had had a few days
7,145, with resources of $9,896,624,696 and with more time, we have no doubt we could have obtained
capital of $989,567,114. It is well to have such a the figures from practically all the companies.
But the Superintendent went even further in his replain avowal, by one competent to speak on the subject, of what it is hoped to accomplish by the Aldrich fusal than we have indicated in the remarks above.
Oan. It does not appear to us, however, that it will He stated that it was his opinion that none of the supplementary items—that is, not a single one of them—
hasten the adoption of that plan.
should be made public, and he suggested that we
On subsequent pages we publish our customary should omit them all from our compilations—a re
elaborate comparative returns of the trust companies in quest, manifestly, with which we found it impossible
this, city and in Boston, Philadelphia and St. Louis to comply. It is for this reason mainly that we refer
In connection with the figures for this city a few to the matter now, for it seems to point to a purpose
explanatory remarks are called for. The statements to discontinue the whole thing in the future. This we
of the New York companies are all made in response should consider a misfortune, both from the stand
to the call of the State Superintendent of Banking foi• point of the administration of a public office by a pub
-a, report'. Of, their condition as of date January 1, anc lic officer and from the point of view of the welfare
our figures have always been derived from the reports'of the trust companies themselves. Information of
FEB. 11 1911.1
THE CHRONICLE
this character is in the highest degree enlightening,
and to give it publicity can injure no legitimate interest. On the other hand, to suddenly suppress information which has systematically been collected and
given out to the press for a period of a quarter of a
century might easily be misconstrued and injure
the very institutions it is designed to protect. The
Superintendent is on the wrong track. He is listening
to bad advisers. The demand is for more, not for less,
publicity. Action such as he proposes would be a
step backward towards the darkness of the Middle
Ages.
The English-speaking nations have this week closely
followed two matters of international importance, the
progress of the Canadian-American reciprocity agreement and the opening of the first Parliament of King
George V. Both involve issues of the most farreaching moment, primarily to the British Empire
and the United States, but to virtually all countries
enjoying any considerable foreign trade. Mature consideration has won for the proposals drawn up by the
two Administrations the most cordial support from
nearly every quarter of the United States, but violent
opposition is manifested by special interests whose
finances may be deranged by the removal or lowering
of protection, and the Senatorial representatives of
the dissatisfied districts threaten to block the passage
of the measure during the present session of Congress,
which terminates on March 4. President Taft,however,
was reported as having intimated that, if the Senate
will not allow the bill to be brought to a vote before
adjournment, he will call a special session almost immediately thereafter and have the whole question
threshed out and voted upon without one day's
avoidable delay. The Democrats have endorsed the
agreement at a caucus and its approval by the House
is assured. Some of the so-called "Insurgents" are
friendly, others, for local reasons, antagonistic to
the bill. The Republicans are inclined to be noncommittal, apparently preferring delay. But Ottawa
has let Washington understand that the proposals
cannot be regarded as constituting a permanent offer,
to be laid aside for an indefinite period and finally
accepted or rejected when Congressmen feel constrained to act. Canada has too often been snubbed
in the past to voluntarily submit to further inconsiderate, indifferent treatment such as the opponents
of more friendly relations with the Dominion favor.
The attitude taken by Canada seems entirely reasonable. President Taft is understood to be in complete
sympathy with this view of the position and it is for
this reason that he is determined that legislators shall
not shirk their duty by putting obstacles in the way of
securing a vote on the agreement. On this occasion
the President is fortified by the support of the great
majority of citizens. It is no exaggeration to say
that no other measure brought forward by the present
Government has been so favorably received throughout the country.'
In Great Britain the Canadian agreement has engendered an abnormal and, we might add, an unnecessary amount of heat in political circles. The Asquith
Government:takes the sensible stand that the Dominion
has acted within her rights and has done nothing calculated to/militate:against her present trade relations
345
with the Mother Country, but the Unionists, particularly those wedded to the Chamberlain tariff reform proposals, are conjuring up dire calamities as a
consequence of what they not quite correctly describe
as the unresponsive attitude of the Liberal Government and the possible disintegration of the Empire
through new geographical alignments. The best statement of the actual facts has been presented by the
Canadian Minister of Finance, Mr. Fielding, in a
cablegram to Lord Strathcona, Canada's High Commissioner in London:
Canada is seeking markets everywhere for her surplus
products, subsidizing steamship lines and sending out commercial agents. Would it not be ridiculous in the pursuit of
such a policy to refuse to avail herself of the markets of the
great nation lying alongside?
The expressed fear that it will seriously affect imports
from Great Britain is groundless. The greater part of the
agreement deals with natural products which Great Britain
does not send us. The range of manufactures affected is
comparatively small, and in most cases the reductions are
small.
It appears to be assumed in some quarters that the tariff
rates agreed upon discriminate in favor of the United States
and against Great Britain. There is no foundation for this.
In every case Great Britain will still have the same rate or
a lower one. Canada's right to deal with the British preference as she pleases remains untouched by the agreement.
The adoption of the agreement will probably lead to some
further revision of the Canadian tariff in which the Canadian
Parliament will be entirely free to fix the British preferential
tariff at any rates that may be deemed proper.
This is an adequate answer to many of the sensational arguments put forward by British politicians.
Premier Asquith on Thursday made a vigorous reply
to the Conservative strictures in opposing the amendment offered by Austen Chamberlain. He characterized this amendment as an indictment of the British
electors rather than a vote of censure of the Administration, inasmuch as "the electors themselves repudiated the policy of protection. Mr. Balfour was in
power eight years, and yet he never responded to Canada's overtures for preferential rates. In fact, he
spent two years after Joseph Chamberlain had launched
his protection campaign in dodging debates and avoiding a positive declaration of policy. The cry that
Canada has departed from her settled policy by this
agreement is nothing less than a bogey." On Thursday the House of Commons rejected Austen Chamberlain's amendment by the decisive vote of 324 to 222.
With elaborate ceremony King George V., accompanied by Queen Mary, formally opened the first Parliament of his reign. The session promises to be the
most important in more than a century, for the fundamental problem of how to reform the House of Lords
will have to be faced. The King's address from the
throne in the Upper Chamber afforded no clue to the
course His Majesty favors or the lines his Ministers
propose to follow. After reference to the death of
King Edward, the negotiations for a new commercial
treaty with Japan, the friction in Persia and the approaching Imperial conference, the King said: "Proposals will be submitted without delay for settling the •
relations between the two Houses of Parliament with
the object of securing an effective working Constitution." He also intimated that legislation would be
introduced to provide insurance against sickness and
unemployment.
Various amendments have been offered by the
Opposition, and the debate on the address is still in
progress. The Prime Minister immediately gave notice
of the Veto Bill, and expressed his intention to claim
346
THE CHRONICLE
[VOL. LXXXXII.
the whole time of the House until the Easter recess ponding month of any previous year, only excepting
in order to get the measure disposed of before the 1908, but the aggregate of liabilities was considerably
Coronation. On behalf of the House of Lords, Lord above the average, although some 8 million dollars less
Lansdowne announced that that body was still ready than in January of 1910. The situation last year was
to negotiate with the Government on changes in the of course unusual, since the debts of brokers, &c.
constitution of the Upper Chamber and the relations (principally incidental to the collapse of the Columbus
between the two Houses. A much more conciliatory & Hocking Coal & Iron pool) reached the abnormal
attitude has been manifested by the Lords since they amount of 12 1-3 million dollars. There have been
were compelled to pass the Lloyd-George Budget, brokerage failures this year, too, and in fact about
although there is still a wide gap between the demands the same in number as in the month a year ago, but
made by the Liberals and the concessions recommended the liabilities were less than one-third of the 1910 total.
by Lord Rosebery and Lord Lansdowne. So far Last year in January, with the exceptional' failures
interest in this subject has been subordinated to some among brokers, &c., included, the aggregate failed
extent by the agitation aroused by the Canadian- indebtedness was heavier than ever before in the
American trade agreement. It might be added that opening month of the year. Eliminating that class
the Chancellor of the Exchequer has not been able to of failures in both years, the 1911 result slightly exceeds
attend at Westminster on account of indisposition, that for 1910 in the amount of indebtedness shown.
which has induced him to take a rest in Italy. Re- It would appear to follow that in purely mercantile
ports have appeared to the effect that his illness is and industrial lines the situation in January this year
much more serious than admitted, and that it is doubt- was hardly as favorable as in 1910.
The number of failures of all kinds in January 1911,
ful if Mr. Lloyd-George will ever be able to resume his
truth according to Messrs. R. G. Dun & Co., was 1,663,
duties; but no authoritative admission of the
of these statements has been forthcoming. The Chan- with defaulted indebtedness of $24,090,649, against
cellor has been one of the Government's strongest 1,510 for $32,015,754 in the month of 1910 and 1,471
adjutants and would be seriously missed if he should for $14,008,085 in 1909. It is worthy of note that in
1911, as in 1910, a few failures (40) accounted for
become permanently incapacitated.
nearly half the total liabilities. The manufacturing
Mexico is affording the world a series of military liabilities, at $9,243,380, were not only in excess of
exhibitions such as are presented on the stage as 1910 or 1909, but apparently the heaviest on record
typical of South American revolutions. Almost daily for January, with 1908 (following the panic the
lengthy reports of "battles" are telegraphed from El previous autumn)* excepted. In the trading class the
Paso, Texas, where the rebels' press agent has his head- failed indebtedness reached $10,882,265, comparing
quarters. After a column or more descriptive of a with a slightly higher amount in 1910, but an apprecisanguinary encounter between a large body of Federal ably lower total than in 1909. Although the debts
troops and the insurrectos, the information is modestly of brokers, transporters, &c., who succumbed in
conveyed that at least three of the regulars were January were above the average, they were, as inwounded and a few horses captured. The whole timated, very much less than a year ago, the contrast
Mexican trouble has become wearisome, and the sooner being between $3,964,869 and $12,336,020. Notable
President Diaz can stamp it out the more credit will among the failures in this division during the month
he receive. If lawlessness be allowed to continue in- may be mentioned Judson & Judson, the Sturtyvant
definitely, the Mexican Government cannot complain Realty Co., Elmore & Hamilton Co., S. H. Rosenblatt
should other countries conclude that there was some & Co., of New York and E. B. Purtelle of Chicago.
basisfor the charge that the people were no longer,loyal As having a bearing upon the failures situation, we
to the present regime and were desirous of a change. note that the number of petitions in bankruptcy filed
There are prospects, however, that a more or less de- with the Commissioners at New York City in January
cisive battle will shortly be fought around Juarez. 1911 was the largest for any month since the act has
That city is the objective of the rebels. Preliminary been in force.
skirmishes have taken place this week, but both sides
are apparently waiting for reinforcements. The most
The record of Fall River cotton-mill dividends for
conspicuous of the revolutionists at the moment is the first quarter of 1911 is chiefly of interest as showing
General Orozco, who is in command of the troops that, notwithstanding the comparatively unfavorable
that are moving upon Juarez; but he has a rival in the conditions under which operations have recently been
person of General Blanco, who, it is said, will accept carried on, the stockholders have received a fair return
orders from no one, and is acting independently. on their investment. With cotton ruling at a high
Meanwhile General Navarro, with 700 Mexican regu- level for many months past and no commensurate adlars, is advancing to the defence of Juarez, though his vance in the price of cloth, the margin of profit has,
progress is impeded by the damage done to the rail- of course, declined appreciably, and the loss has fallen
road, and he may have to overcome a rather large force wholly upon the corporations, the wage scale standing
of rebels before he reaches the city. Within afew clays now as it did two years ago. It is easy to understand,
the final stages of the uprising may, therefore, be pre - therefore, that the current, as well as recent, dividend
• cipitated, although,on the other hand, if Juarez falls, a distributions do not reflect the real situation in the incontinuance of the unhappy struggle must be expected. dustry. On the contrary, as heretofore remarked by
us, most of the mills have for years pursued a conservaThe exhibit of commercial failures for January 1911 tive course in the matter of dividends and have thus
does not reveal an altogether satisfactory state of accumulated surpluses in good times that are enabling
things in the mercantile world. Not only was the them to maintain the regular rate of distribution in
number of insolvencies greater than in the corres- lean times.
FEB. 11 1911.)
THE CHRONICLE
The results of this policy are seen in the statement
of dividends for the first quarter of the current calendar
year. Our compilation covers 36 corporations, of
which no less than 29 have announced dividends at the
same rate as in 1910 and in 25 instances they are identical with 1909. The aggregate amounts actually distributed to stockholders in the first quarters of 1910
and 1909 were greater than for the period in the current
year, but this finds full explanation in the extra dividends paid by three mills last year and one mill two
years ago. The first quarter's dividends of 1911 total
up $443,850 on a capital of $27,756,670, or an average
return of 1.60%. In 1910 the amount paid out was
$508,400, or an average return of 1.90%; but with the
extra, dividends deducted shareholders are found to
have received only $436,900, or a little less than in
1911. For 1909, also, the conspicuously large extra
dividend declared by the Union Mfg. Co. served to
swell the aggregate payment appreciably. As a
matter of fact, however, with that extra dividend
eliminated the average return to shareholders was the
same as this year-1.60%.
We make room for the following communication
from Prof. 0. M. W. Sprague of the Graduate School
of Business Administration of Harvard University,
explaining the large falling off in deposits shown by
the national banks in their returns of condition to the
Comptroller of the Currency under date of January 7.
Cambridge, Mass., Feb. 7 1911.
To the Editor of the "Commercial & Financial Chronicle":
Sir: Examination of the last return of the condition of
the national banks shows that the reduction in deposits referred to in your issue of February 4th is entirely without
significance. The return was for Saturday (January 7) and
consequently the item exchanges for the Clearing House was
much less than in the case of the previous return, which was
for a Thursday (November 10). On the earlier of these
dates Clearing-House exchanges amounted to three hundred
and thirty-nine million dollars, while on the date of the last
return they were but one hundred and sixty-three million
dollars. The accounts of those drawing checks not having
been reduced, while those receiving checks having received
credit therefor, the gross deposits of the banks are momentarily swollen when Clearing-House exchanges are large.
The net deposits of the banks show no appreciable change
when comparison is made between these two returns.
Very truly yours, 0. M. W. SPRAGUE.
Foreign discount rates have again declined at all
important centres and easiness is expected to continue
throughout the current month at least, notwithstanding active trade and fairly extensive demands for new
capital. London has attracted chief attention. The
private rate there went to as low as 3% on Wednesday,
when it was thought probable that the Bank rate
would be reduced to 33'%; but when no change was
made there was a slight recovery on Thursday, to
3 1-16% for both rixty and ninety-day spot bills and
bills to arrive. Yesterday, however, there was a
relapse to 3%. Paris for the second week in succession reports a reduction in the open market rate of
4% for all bills, the weakness there
of 1%, to 21
having been stimulated by a good bank statement.
The same influence was at work in Berlin, where the
rate is now only 3% for spot bills and 3A% for bills
1
to arrive; the Bank rate was lowered on Monday from
5% to 4%. At Brussels there has been a decline
to 34%, but Amsterdam remains on a 44% basis.
1
The Imperial Bank of Austria last Saturday announced
347
a reduction from 5% to 4 2 and the private rate at
%
Vienna has dropped to 4%.
The Bank of England'again secured the bulk of the
new gold available in the open market on Monday
without having to pay more than the minimum price.
Other purchases were made during the Bank week, and
since the statement was compiled £267,000 has been
bought, against shipments of £50,000 to South
America and £20,000 to South Africa. The increase
in bullion disclosed on Thursday was £870,892, and
as circulation was reduced upwards of £400,000,
the total reserve showed a gain of £1,274,040. This
was accompanied by a curtailment of £588,080 in
loans and a decrease of £116,010 in ordinary deposits;
public deposits rose £793,069. These various changes
resulted in an advance in the ratio of reserve to
liabilities from 51.49% last week to 53.22% this
week, a figure only twice exceeded in a long series
of years. The total amount of bullion on hand, our
special correspondent informs us, has now reached
£37,337,997, which is the highest of any recent year
not excluding 1908, when funds were superabundant.
This large reserve may lead to an early change in the
Bank rate, even though the Governors are understood
to be desirous of maintaining the present charge of
4%. Our special correspondent also furnishes the
following details of the gold movement in and out of
the Bank for the Bank week: Imports, £815,000 (of
which £12,000 from Australia and £803,000 bought in
the open market, including £21,000 French coin);
exports, <£82,000 (of which £77,000 to South America
and £5,000 to Gibraltar), and receipts of £138,000
net from the interior of Great Britain.
In discussing the New York money market,we have
on several recent occasions mentioned that certain
very influential institutions were not lending at the
minimum rates ,generally quoted, and reference has
been made to the very large cash reserve built up by
one or two institutions. All sorts of deductions have
been drawn by the financial community as to the
meaning of this attitude. Not until this week, however, has "inside" information been forthcoming in
explanation of the course pursued. It appears that
these lenders have certain fixed minimum and maximum rates to which they consistently adhere, and
that in this instance the general market has fallen
below these limits. Call
money, for example, has been freely obtainable at 23@2
%%
on the Stock Exchange against a minimum of
2M% charged by the lenders referred to, with the
consequence that brokers have filled their requirements on the lower terms. Then 4% has been
the minimum adopted for discounting mercantile
bills, and as here also easier quotations have been
available in various quarters, the demand from this
source has been restricted. The net result has been
the abnormal accumulation of idle funds which has
attracted so much attention. Instead of ominous
deductions being justified, the contention of the
bankers concerned merely is that the indications are
that money promises presently to be worth considerably more than it is now bringing. Furthermore, it
is pointed out that abnormally cheap call money would
incite unwarranted speculation, and that unreasonably low rates for time money and commercial paper
would foster undue expansion in business, with per-
348
haps unfortunate results. Within the last two days
borrowers have usually had to pay the asked rates for
accommodation, although a fair amount of money has
been received from the interior for use at whatever
rates may be procurable. The demand has broadened
appreciably, though it is still by no means active.
The imminence of several large flotations of bonds,
notes and stocks is not without an influence upon the
money market. The Treasury is expected to enter
the market with Panama bonds bearing 3% interest,
but not carrying circulation privileges, the Vanderbilt
railroads are understood to be negotiating a substantial loan,`Harriman financing is looked for, and various
smaller issues are under discussion. The inquiry for
new securities is still fairly satisfactory, both from
foreign and home investors, yet not so voracious as to
preclude necessity for exercising care to avoid congestion.
The range for collateral loans at the close of the week
is as follows: 60 days, 3%; 90 days, 334%; 4 months,
3M%;5 and 6 months,3%@4%;12 months,4@434%.
Call money ruled at 29/8% on Monday, Tuesday and
Wednesday, with the extremes 1M% and 23/2%. On
0,
Thursday renewals were made at 2347 while 29
was the maximum and 2% the minimum. Yester4% to 2%%,the final loan being
day the range was 21
made at 2%%. The average ruling rate for the week
4
has been just under 23 %. The range for prime 4 to
6 months' single-name bills is 4@434% and for less
well-known varieties 43' @5%. Sixty to ninety days'
endorsed bills receivable are quoted 394@434%.
Foreign exchange weakened in anticipation of a
lower Bank rate in London, but since then has recovered and closes the week with a strong undertone.
Trading has not been free from speculation of a kind
that is widely criticized by responsible operators, who
explain that it is one thing for a broker or a private
banker to use his money in dealing in exchange and
quite another thing for a national bank to constantly
attempt to "rig" the market. The general understanding is that the exploits of the current week have
resulted very unprofitably. Already two of the leading exchange departments in New York have been
obliged, in response to orders from the management, to
curtail their speculative ventures; but the leaders of the
present movement are given a free hand by the directors of the institution. The subject is attracting much
attention, especially as the net results are believed to
have been unfavorable, not only in this instance but
on a majority of occasions when similar tactics were
essayed.
Legitimate business has been quiet throughout the
week. The offerings of grain and cotton bills are below
normal, long finance bills are not being drawn in large
volume, and only a moderate amount of exchange
appears in the market in connection with the placing
of new securities abroad. The pronounced weakness
in London and other foreign discounts has had a restraining effect upon quotations. Money at the same
time has become appreciably firmer here. The London
Stock Exchange settlement did not entail any extensive demand for cable transfers; at no time did they
reach 4 863 . No spectacular fluctuations in rates
%
are looked for during February unless unforeseen
circumstances of the first importance arise. The
speculators in sterling, it is thought, will remain quiet
for a period, in view of what has just happened. ,
[VoL. Lxxxxit
THE CHRONICLE
Compared with Friday of last week, sterling exchange on Saturday for demand and cable transfers
was weaker with quotations at 4 8620@4 8630 and
4 8655@4 8665, respectively; 60 days was firmer at
4 8345@4 8355. Demand advanced to 4 8630@4 8635
on Monday, cable transfers to 4 8655@4 8665, while
60 days declined to 4 8335 ®4 8345. On Tuesday demand was practically unchanged, though cable transfers were firmer at 4 8660@4 8665 and 60 days at
4 8345@4 8355. Demand on Wednesday fell to
4 8610@4 8620 and cable transfers to 4 8645@4 8655,
but 60 days advanced to 4 8350@4 8360. On Thursday demand moved up to 4 8620@4 8630 and cable
transfers to 4 8655@4 8665; 60 days declined to 4 8345
@,4 8350. On Friday, after early unsteadiness, demand closed at 4 8634 bid and cable transfers at
4 86%.
The market closed on Friday at 4 8350@4 8360 for
60 days, 4 8620@4 8630 for demand and 4 8660@
4 8665 for cables. Commercial on banks was quoted
at 4 828% @,4 83 and documents for payment 4 83
2
@,4 8334. Cotton for payment ranged from 4 823/@
grain for payment from 4 83@4 8334.
4 8294,
The following gives the week's movement of money
to and from the interior by the New York banks.
%eek ending Feb. 10 1911.
Net Interior
Movement.
Shipped by
Received by
N. Y. Banks. N. Y. Banks.
$9,550,000
1,797,000
Currency
Gold
Total gold and legal tenders
$3,875,000 Gain $5,675,000
598,000
1,199,000 Gain
$11,347,000
$5,074,000 Gain $6,273,000
With the Sub-Treasury operations the result is as
follows.
%eek ending Feb. 10 1911,
Banks' interior movement, as above_
Sub-Treasury operations
Total gold and legal tenders
Net Change in
Bank Holdings.
Out of
Banks.
Into
Banks.
111,347,000
25,300,000
$5,074,000 Gain 66,273,000
26,300,000 Loss 1,000,000
$36,647,000
$31,374,000 Gain $5,273,000
The following table indicates the amount of bullion
in the principal European banks.
Feb. 10 1910.
Feb. 9 1911.
Banks of
Gold.
Silver.
Total.
Gold.
Silver.
Total.;
.c
England.. 37,337,997
France.._ 129,890,320
Germany_ 41,020,850
Russia _ _ _ 144,943,000
Aus.-Hun _ 55,234,000
Spain _ _ _ 16,456,000
39,340,000
Italy _ _
Neth lands 10,819,000
Nat.Deig
5,706,667
Sweden _ _ 4,463,000
Switzerl'd. 6,214,000
Norway _ _
1,859,000
37,337,997 36,575,740
32,952,040 162,842,360 139,247,640
14,350,500 55,371,350 39,642,150
6,632,000 151,575,000 141,541,000
12,462,000 67,696,000 56,561,000
30,758,000 47,214,000 16,137,000
3,498,000 42,838,000 38,621,000
2,392,900 13,211,900 10,083,000
2,853,333 8,560,000 4,270,667
4,463,000 4,470,000
6,214,000 5,050,000
1,859,000 1,552,000
36,575,740
34,891,320 174,138,960
13,046,100 52,688,250
7,642,000 149,183,000
12,964,000 69,525,000
30,731,000 46,868,000
4,000,000 42,621,000
2,962,200 13,045,200
2,135,333 6,406,000
4,470,000
5,050,000
1,552,000
Total week 493,283,834 105,898,773 599,182,607 493,751,197 108,371,953602,123,150
0
Prey' week 491,613,972104,704,523 596,318,495 493,802,160 108,329.150602,131.31
-CENTENNIAL.
AN INTERESTING SEMI
in many quarters that the
It has been noticed
present week is the date of an exceedingly interesting
semi-centennial. It was on February 8, 1861, that
the Montgomery Convention of the six seceding states
—South Carolina, Mississippi, Florida, Alabama,
Georgia and Louisiana—formally organized through
the adoption of a preliminary constitution for the
Southern Confederacy. It was on February 9 that
the Convention elected Jefferson Davis and Alexander
H. Stephens President and Vice-President of the
newly-organized government.
Perhaps the reminiscence and reflection suggested
are no more obviously to the front, after the lapse
of exactly fifty years, than they were after forty or
FEB. 111911.]
THE CHRONICLE
after thirty years. It is, however, the habit of the
human mind to indulge, at certain more or less arbitrary intervals, in retrospect of the sort, much as
the ancient Romans set apart every fifth year for
their lustrum, a season of retrospective• meditation.
Nowadays—perhaps even more than would have
been possible in Rome—a jubilee celebration of the
Queen of England's reign at once directs all minds to
the history of the preceding fifty years. The centennial of the birth of a John Brown or a Lincoln
equally causes sober review by the community at
large, in the light of new developments in historical
knowledge, of the events of a great career.
The reflections which most naturally occur to mind
at this week's semi-centenary are such as are suggested
by contrasting the state of the nation, in the long
succession of years prior to the war of secession, with
its condition of to-day. The mind takes pleasure in
recalling, not only that human slavery has gone, that
sectional jealousy is obliterated, and that the nation is
reunited, but that constitutional problems, gravely
unsettling by the nature of the case,have been disposed
of for all time; that a Southerner and an ex-Confederate
occupies the Chief Justiceship of the United States
Supreme Court, and that the sentiment of union is
nowhere stronger at the present day than in the
South.
These reflections are familiar and obvious. Perhaps,
however, it would not be possible to say that the
larger and sounder view prevails even yet, regarding
the exact nature and character of the occasion which
this week commemorates. A good part even of the
men still in active affairs comprises those whose personal
recollections run back to the period of war times.
By them, and in no small measure by their children,
the episodes of violations and bitterness which preceded the actual ordinances of secession are still
remembered as typical of the period. In the North,
even the college boy who has studied with care the
political history of the nation will have been apt to
read the pre-convention speeches of agitators like
Yancey rather than those of sober statesmen like
Stephens; and, as a result, he is even now apt to think
of the Montgomery Constitutional Convention as a
tumultuous and revolutionary gathering. The facts,
however, which are established by evidence fully
recognized by all thoughtful Northern historians, is
that the political gathering in question was remarkable
for character, sdignity and conservatism. Alexander
H. Stephens, perhaps the most reluctant among the
Southern statesmen to embark on the experiment of
disunion, said of the Montgomery Convention that,
taken all in all, it was "the ablest, soberest, most
intelligent and conservative body I was ever in." It
has been said even of the earlier Charleston Convention
that the predominance of elderly and white-haired
men in its membership attracted notice at the time.
Furthermore, if one looks rather at the specific
provisions adopted at Montgomery than at the act
of secession itself, it will be found that this constitution of the Confederate States did exactly what ought
to have been expected in the case from a body of
American statesmen—that is to say, it endeavored,
while preserving all that experience had vindicated
in the United States Constitution, to remedy and
improve certain provisions of that instrument which
had not in all respects satisfactorily met the test of
349
time. The Montgomery constitution made, for instance, the interesting provision that Cabinet Ministers
should have seats in the Senate and the House and
the right of participation in debate on public measures.
It assigned for the President a six-year term, after
which he was not to be re-eligible. It proirided that
Congress should appropriate no money except when
asked for it by the President or head of a department—
the cases of an actual deficit or a critical contingency
being alone excepted. Finally, this constitution
remedied one of the oversights in our own, which long
experience has proved to be costly and detrimental:
instead of leaving it understood that a given bill must
be signed or vetoed by the President as a whole, it
provided that separate sections or portions of appropriation bills might by themselves be subject to the
Executive veto. It will be seen that these provisions
touched on important points which have been matters
of serious public discussion in our own case, both
before and since the Convention of 1861.
Conceding these possibly not fully recognized high
qualities to the Montgomery Convention, what, after
fifty years, is to be the sober political verdict on the
Convention action of disunion itself? As a rule,
judgment on this point has been based on the theory
of an "irrepressible confict" over slavery; on the
argument that only through war could the differences
between the extreme Federalist school and the extreme
States Rights school be adjusted, and on the further
assumption, derived from actual results, that the
struggle and the war were, after all, for the best.
These positions may or may not be sound; there is no
way of proving or disproving any of them. But they
still leave open the question of the broader political
aspects of the act of disunion. How far, in other
words, were the Southern statesmen of 1861 politically
warranted in trying their experiment? Historical
records gathered since that time indicate that a
notion prevailed, in Georgia particularly, that by
beginning measures for secession, larger concessions
as the price of eventual reunion could be obtained.
Jefferson Davis, too, himself at one time held the
position that the North would quickly and peaceably
submit to the withdrawal of the Southern States, and
there can be little doubt that this view of the matter
was largely held throughout the South. But it was
not by any means the general view of the Montgomery
Convention. Stephens himself, writing on February
21 from Montgomery, declared that "I look for war
as almost certain." Davis, on his way to his own
inauguration, declared repeatedly in public speeches
that a great war was impending "of which no man
can see the end." Robert E. Lee at the same time
expressed his personal conclusion that "secession is
anarchy."
No doubt it may be contended that if the South had
succeeded in the contest which ensued, the political
wisdom of the Montgomery Convention would have
been quite as much vindicated as was the political
wisdom of the Colonial Convention at Philadelphia in
1776. But it must be said that judgment of thoughtful historical critics, South as well as North, has
tended during recent years to the view that even
success by the Southern Confederacy, in the field
and in the resultant negotiations, would have left a
precarious and unsettled political situation. That this
continent could have escaped the fate which jealousies
350
THE CHRONICLE
[VOL. Lxxxxii.
seriously, thinking that a mere statement of the
necessity for such a rule as had been adopted would
be all that was required to quash further proceedings in
the matter. The United States Attorney, however,
fixed in his views as to the interpretation that should
be placed on the Anti-Trust Law, persuaded the
grand jury that its duty in the premises was to return
an indictment against the officers and members of the
New Orleans Clearing House.
The indictments were actually voted upon by the
Federal grand jury,and all that remained was to have
the formal papers of indictment made out. The
attorneys for the New Orleans Clearing House, apprised of the turn that the case had taken, asked that
the matter be allowed to lie in abeyance until a further
presentation of the Clearing-House side of the question
could be made. Mr. Beattie agreed to this.
In the meanwhile, Northern and Eastern banking
interests had been informed of the case brought against
the New Orleans Clearing House, and realizing what
a disturbing factor the prosecution of such a charge
would prove in banking circles throughout the entire
country, strong representations were made to the
Attorney-General's office in Washington. This was
followed up by the attorneys for the New Orleans
Clearing House submitting to Attorney-General Wickersham a brief, exposing the fallaciousness of the
charge upon which the United States Attorney at New
Orleans wished to have the New Orleans bankers formally indicted and arraigned.
The result was that Mr. Beattie was called to
Washington for a conference with Attorney-General
Wickersham and plainly told, it is said, that his interpretation of the Anti-Trust Law, as applying to the
case of the New Orleans Clearing House, was one that
could not be successfully maintained in •the higher
courts. Mr. Wickersham advised that the action of
THE
BANK COLLECTION CHARGES AND
the Federal grand jury in New Orleans be rescinded.
ANTI-TRUST LAW.
• •
officials of the New York Mr. Beattie, upon his return to New Orleans, complied
In view of the action of the
Clearing House in taking cognizance of the legal pro- with this eminently proper action taken by Attorneyceedings at New Orleans wherein it was contended General Wickersham. That might have closed the inthat in enforcing charges for the collection of out-of- cident, except that Mr. Beattie permitted himself to
town checks the banks were contravening the Sherman rush into printin such a manner that his words could
Anti-Trust Law, some reference to the nature of these not be construed in any other manner than as an inproceedings will be interesting. The facts of the direct criticism of his superior. It is rumored that as
case, as furnished by our correspondent at New a result Mr. Beattie's resignation was demanded.
After a personal interview, however, with AttorneyOrleans, are very simple.
a check on General Wickersham, good relations appear to have
A business man in New Orleans received
a San Antonio bank for several thousand dollars. He been restored, and Mr. Beattie retains his position in
deposited this check at one of the New Orleans banks New Orleans.
Apparently an excess of zeal warped the judgment
for collection, but objected to paying the collection
of the United States Attorney at New Orleans. In
charges. The bank with whom he had deposited the
check, in a letter addressed to the man, stated that it other matters, notably in securing a conviction of
was acting under the rules of the New Orleans Clearing William Adler, who wrecked the State National Bank
House, of which R. M. Walmsley, one of the most in New Orleans, Mr. Beattie has displayed energy and
ability. The New York Clearing-House officials,
conservative bankers in the South, is the President.
• This letter was made the basis for a complaint laid however, showed good sense in not taking anything for
before the United States attorney in New Orleans, who granted, and in having a clear and convincing legal
conceived the idea that the banks in thus joining argument drawn up calculated to prevent a possible
together and adopting a rule which was intended renewal of the proceeding at other points.
simply to prevent an actual loss on bank collections,
MR. ACWORTH'S OPINION OF AMERICAN
had violated the Sherman Anti-Trust Law. When a
RAILWAY MANAGEMENT.
new Federal grand jury was drawn, Mr. Beattie made
It is gratifying that just at this time we have an
his far-fetched interpretation of the Anti-Trust Law
serve as grounds for an investigation by the grand opinion upon the railway situation in this country
jury. The officers of the Clearing House, upon by an English railway economist who has been carehearing of the investigation, did not take it very fully studying it. This investigator is Mr. W. M.
of contiguous Powers have brought on Europe was in
any case altogether improbable. But that is not the
whole. We know to-day to what extent the course of
industrial history has since then called into existence
new forces of a social and industrial character, which
have widened the distinctions between Southern
communities which in 1861 were on precisely the same
footing with one another. The preceding history of
our own country—this very split between North and
South—had forcibly illustrated the part which such
distinctions were bound to play in political disputes.
The question, therefore, would in any case have
remained, How, with secession of individual States
the corner-stone of the new Confederacy, could future
secessions from that membership itself, in the event
of future political differences, have been prevented ?
Mr. Gamaliel Bradford's conclusion, after a thoughtful review of General Lee's position in the current
"Atlantic", is that "the Confederate group would
have broken into smaller groups; these again would
have dissolved into the original States, and these;
after probably a brief period of dissensions and strife,
would have been re-absorbed, with humiliation and
disgust, into the Union from which they had been
rent away." This is the view which many other
critics have adopted.
Happily for the American people and for the race,
the seemingly hopeless problem of 1861 has been
solved—whether as a result of, or in spite of, the
fearful expenditure of blood and treasure. Still more
happy would be the view of the future of humanity if
one were to-day permitted to believe that other
problems of the kind could hereafter be settled as
satisfactorily, but without recourse to what, after all,
is the arbitrament of barbarism.
FEB. 11 1911.1
THE CHRONICLE
351
Acworth, author of several standard works on trans- does, facilities need to increase by at least
50%, and
portation as developed in England and other countries. the 1,100 millions annually which Mr. Hill
thinks
He was a delegate from his own Government to several needful is none too much; moreover, the people
of the
railway international congresses on the subject, held South and West, and also the people general,
in
"must
at intervals of several years; was introduced by Presi- understand that this capital cannot be obtained
in
dent Hadley to the Railway Securities Commission their own communities." Texas and
Oklahoma need
as the highest authority on the whole subject in Great for local work all they can raise. So
does the East
Britain; has personally examined the roads of this generally. Capital will not come from
abroad while
country several times, at intervals of several years, the present harassing conditions continue, and
it would
and is held in high esteem at home.
be better for railways and citizens both if the time came
This expert says he has been surprised at the soon "when State legislators ceased from troubling
amount of criticism in the newspapers here concern- and State commissions were at rest."
ing railway efficiency in this country, for "it has always been my opinion that in actual economy of op- FOREIGN TESTIMONY TO RAILROAD EFFICIEN
CY.
eration the railways of the United States are the first
Boston, February 7 1911.
To the Editor of the Commercial and Financial Chronicle:
in the world." Particularizing this, he judges that
Sir—The recent studied and severe criticism of our
in the number of cars hauled per train and the number railroad management
by Mr. Brandeis, and the contrast
of tons per car, and in "obtaining the greatest measure between the opinions of that gentleman as an advocate
and
of result for each unit of expenditure," American roads of Mr. Ac worth as a somewhat competent foreign critic,
are not equaled by those of any other nation. This has suggested to me the inquiry whether there has been any
recent investigati
commendation, so positive and so broad, must be outside made as a on of our railroad management from the
matter of business, where the terms of the
taken as conclusive, so far as the competency and sin- employment of the critic were such as to guarantee both imcerity of the investigator are accepted, and it may be partiality and thoroughness. I have not been able to be
commended to the much more recent and evidently sure that I have found the very best, but it is my impression
that the report made by
much less experienced persons who have been talking Staff to the Governmen Neville Priestley, Esq., Chief of
t Railways of British India, is the
so glibly about efficiency and economy. To get the best recorded investigation of our railroads for the purpose
greatest result for each unit of expenditure certainly of the above comparison. The difference between the conreaches a high standard in respect to both those excel- clusions reached by the advocate and the outside critic is
remarkable and most relevant at this time.
lent characteristics.
I am not among those who would minimize or deny the reMr. Acworth does not appear to be biased by an markable force of the brief submitted by Mr. Brandeis against
• excessively friendly feeling, for he both qualifies and the increase of railroad rates. Those of the public whom I have
criticizes. As a whole, he unflatteringly says this met have generally erred gravely by taking their views for or
against his contentions from a somewhat
country "is not in other matters particularly efficient." and incomplete reports. That brief is a prejudiced press
most remarkable
The farmers here he believes not more so than in sermon upon business economy and efficiency, which must
France and England, and nobody would call govern- carry certain conviction home to the mind of every reader.
Why,
ment here more efficient than that of Prussia. He take if even a tenth part of Mr. Brandeis's clients should
even a quarter part of the advice about efficiency which
finds the railways the one marked exception, and he he gives, the resulting economies would enable them to pay
notes this with the more surprise because the railway double the increased rates and yet reduce their prices to the
employee in Europe regards his position as a prize consumer. The true lesson clearly taught by the argument
is
the economies
which he hopes to retain for life, "and he is therefore in that where g machinery, of the nineteenth century were
labor-savin
those of the twentieth will find a
obviously more amenable to discipline than the shift- larger field in the application of the intellect to human proing and often even foreign force employed on your cesses. To use the metaphor of the artist in the story, we
must mix our paints on our palette with more and more
railways."
brains. The false premise, the calm assumption of which
Then Mr. Acworth proceeds to criticize. He thinks casts a doubt in my mind as to the morality
of spreading
the centralizing of power in headquarters in Chicago such an argument broadcast to the public, is that railroads
and New York, while making towards efficiency and are either behind the general public in efficiency or are to be
economy, is somewhat responsible for the present fined unless they keep far nearer perfection than any one else
in the community.
strained feelings between railways and the public.
In contrast with this assumption, the opinions of a foreign
As he expressively puts it, "the counter between the critic take on a special interest. And the question is, how
salesman and the customer is too wide." Questions far do our railroads answer the criticism that they are lacking
arising in the Far South or the Far West are referred to in efficiency and the counsel of perfection that they should
take the mote out of their own eyes
offices thousands of miles off, although seeming to the beam out of theirs. It is uponbefore the shippers take
this question that the
require prompt adjustment, and then the person ag- •Priestley report is helpful. It is dated Dec. 31 1903, and
grieved thinks he is dealing with a machine, while "he at first blush it would appear that the lapse of seven years
makes
wants to deal personally with a flesh-and-blood neigh- upon a its results inapplicable at the present time. But
closer investigation this gap seems to be a positive
bor." A change in this policy would soon live down advantage, for if in 1903 the railroads had already advanced
much of the antagonistic feeling which has grown up, far enough in efficiency to answer the Brandeis argument,
he thinks. Moreover, now that the former skeletons there can be no doubt that the past seven years of operating
progress will make
are all buried, he thinks the roads would do well to 1903 the remarkabletheir answer better and not worse. In
career of the late Edward H. Harriman
open their closets and let the whole public see their as an operating manager had not progressed far enough to
cleanliness and sweetness.
attract special mention from Mr. Priestley. I need not stop
evidently lays the more stress upon this because to describe to your readers how much progress that alone
He
represents.
he thinks that investors, not merely in Europe but
Now, when Mr. Priestley reported, our railroad efficiency
even in financial centres in this country, seem hardly was the most remarkable thing which he saw. It is the adto realize how much must be expended in order that vice of Mr. Brandeis in 1910 that our railroads should apply
the roads may keep pace with growing traffic. If that systematic "business planning" to their several processes. It
is the report of Mr. Priestley in 1903 that they are already
traffic doubles every ten years, as it substantially leaders in that very thing. What the former
calls "Business
352
THE CHRONICLE
Engineering," the latter calls "Control of American Railways
Exercised through Statistics," and "the function of statistics," he says, "is to test in the first place the human agency
employed to do the work, in the next the mechanical agencies
provided for the execution of the work, and lastly the normal
physical conditions which influence and affect adversely or
otherwise the performance of the work. They are intended
to show not only whether the officer immediately in charge
of the work has made intelligent use of the means at his disposal, but also whether the general management has been
efficient in the performance of its duty by the provision of
suitable means and by the betterment of conditions which
operate against economical management. . . . Of course
every one recognizes that experience and reflection are necessary for the intelligent application of statistics, and that •
statistics used without intelligence may be not only of no
value but very harmful." Passing on from this description
of what Mr. Brandeis calls "business planning" to its use in
his own report, Mr. Priestley gives a description of railroad
efficiency in train management so clear, so remarkable and
so precisely along the lines of the Brandeis argument that
one cannot but wonder what would have happened if the
same advocate had been retained by the railroads to maintain
the thesis that rates should be higher because shippers ought
to apply business planning as taught by railroad experience,
and give some of the resulting economies as a reward for
past and a stimulus for future railroad economies. Would
he not have written an equally good brief without false premiss, and better sustained by facts and practice"
The story of train-load efficiency has been often told but
will bear repetition. The facts as found by Mr. Priestley,
stated with the vocabulary in use by the opponents of increased rates, are as follows: Statistics, cost accounting and
scientific experiments, or business planning, were applied to
the cost of hauling and using every new type of car or engine.
Records of tonnage and accurate and expensive tests made
with the dynamometer car proved that the resistance for
each ton moved diminished with the increase of the gross
weight of a vehicle. It was shown that it was the dynamic
and not the static force which really governed the hauling
capacity of an engine. A comparative working schedule between a trainload of the maximum-sized new cars of the East
Indian Railway and an actual Schedule for an American railway showed that the same engine at the same cost could haul
a paying load of fourteen hundred tons with the former vehicles and over twenty-one hundred with American fifty-ton
cars. It is not an unfair inference to say that British Indian
railways, even with the benefit of Mr. Priestley's considerable ability, are apt to show an efficiency less than two-thirds
of our own railroads.
And Mr. Priestley's conclusion, clearly in point as an impartial opinion upon the pending controversy, is that "The
railways of America are commercial undertakings on a gigantic scale, and are operated under conditions which are to be
found nowhere else in the world, since they receive no protection from the State (this at least has not changed for the
better) and have had to fight their way to the front by sheer
ability of management. . . . American railway men
are quick to see a new idea; they are quicker still to try it,
they take a great pride in their profession, and are all striving
to get at the science of it. That their methods are not always
perfect is what might have been expected, but they have
managed to do what no other country in the world has done."
Such is the record in the eyes of an impartial critic of the
great enterprises which are told that they must reach the
millennium to-morrow, and are offered by the advocate of
the shippers advice which history teaches should be given
rather than received.
RICHARD W. HALE.
THE TRUST COMPANIES IN NEW YORK AND
ELSEWHERE.
Continuing a practice begun by us nine years ago,
we present on subsequent pages (see pages 358 to 373)
elaborate comparative returns of the trust companies
in this city (Manhattan and Brooklyn boroughs) and
also those in Boston, Philadelphia and St. Louis. The
interest taken in these returns now is somewhat different from that felt in them in the years immediately
ofllowing the panic of 1907. On the latter occasion,
[VoL. Lxxxxn.
these institutions, in particular the trust companies of
this city, had to bear the brunt of the onslaught that
came at that critical period from a scared public, with
clamorous depositors all. simultaneously demanding
their money, and as a result a few institutions in this
borough and in Brooklyn and several elsewhere succumbed to the strain. During the period of fear and
doubt the trust companies experienced a tremendous
shrinkage in deposits, and some anxiety was excited
thereby. After calm and order had been restored
there was, therefore, much curiosity to know whether
the confidence in the stability and general soundness
of this class of financial institution had been in any
degree shaken. It did not take a great while to
demonstrate that public faith in these concerns had
not been weakened, and that their growth and
development had simply been temporarily interrupted.
Recovery in deposits began almost immediately, and
it was not long before the loss sustained at the time
of stress and trial (speaking of the companies collectively) had been regained, after which there came the
making of new high records time and again.
During 1910 the companies had no trials and difficulties like those here enumerated to contend with,
and yet the period was one of unfavorable conditions.
The interest felt in their affairs now is chiefly because of
the desire to see what the effect of these unfavorable
conditions has been. We say the state of things was
unfavorable because money was cheap nearly all
through the year, making it difficult to net a satisfactory return on• collateral loans, in which a large part
of the funds of the trust companies in this State is
always invested. In such circumstances the ability of
the companies to offer high rates of interest in order
to attract deposits disappeared, and in the case of the
best-managed institutions there was little desire to
add to the volume of deposits, but rather an inclination
to have them reduced until it shall again become possible to employ them with profit. There was another adverse circumstance which marked the course of the year
1910. A great shrinkage took place in security values,
and in this shrinkage the classes of securities held by the
trust compani,es did not escape. One effect necessarily was to cut into surplus and accumulated profits.
in cases where the shrinkage could not be made good
out of current earnings.
It is in the light of these facts that the returns of
the different companies will be examined. Treating
the companies as a whole, the comparisons presented
must be considered gratifying and encouraging. The
figures we give are for the first of January 1911 in
comparison with those for the same date in 1910 and
1909. In the case of the companies in this city, the
data, as explained by us on previous occasions, are
derived from the reports required to be made to the
State Superintendent of Banking at Albany, though
we have had to supply,ourselves, a few items which the
Superintendent declined to give out, the missing figures
in these instances being obtained from the trust companies themselves. In the case of the trust companies
in Boston, Philadelphia and St. Louis the figures are
all our own, we having in each instance made direct
application for them to the companies; in a few
instances where our requests have met with no
response, we have had to have recourse to official
statements made in pursuance to calls of the public
authorities.
FEB. 11 1911.
THE CHRONICLE
353
In considering the general course of trust company 'n cash. In the rest
of the State trust companies are
affairs, we shall begin with the companies in New York not very numerou
s, and the reseive required is 10%,
and shall use for purposes of illustration the totals of which one-half
must be in cash. These reserves
for the whole State, as recently given out by the apply to deposits
liable to call. On time deposits not
Banking Department at Albany. We need hardly payable within
30 days when represented by certifisay that the companies in Greater New York make cates, and on moneys
held in trust not payable within
up the preponderating proportion of the whole. The 30 days, and therefor
e removed from the possibility
first point to attract attention in the totals is that, of immediate call,
no reserves need be kept.
notwithstanding the adverse circumstances above
As already stated, these money holdings decreased
enumerated, the surplus and profits of the trust com- during the year,
the aggregate of specie and legal.panies of the State did not decrease, but rather further tenders for Jan:
1 1911 being $132,980,316, against
increased, rising from $178,979,744 to $184,082,130. $142,328,507
Jan. 1 1910. As showing, however,
Some of this increase will remain even after allowing what a change in
this respect has occurred as a result
for certain exceptional movements by one of the in- of the new
law, it is on y n essary to point out that
stitutions in this city. As it is well known that sur- on Dec.
31 1907 the co responding cash holdings were
plus and profits have long been two to three times the only $47,830
,348. In our "Bank and Quotation"
amount of capital, it will be no surprise to learn that Section for
February 4 (page 21), all the items of rethe surplus of $184,082,130 for Jan. 1 1911 was on a sources and liabiliti
es for Jan. 11911, as compared with
capital of only $73,431,000; and this large surplus various periods
dating back to the time of the panic of
shows the position of financial strength held by the 1907, can be found.
companies. On Jan. 1 last year aggregate capital
In the preceding we have been dealing with the
was $71,400,000, and the increase of $2,000,000 in the trust compani
es as a whole. As far as the separate
interval is due to the starting up of five small companies
companies are concerned, the elaborate statements on
and additions to capital in the case of a few other subsequ
ent pages will enable the reader to ascertain
companies. The Carnegie Trust Co. of this city,
what the experience of each company has been as
which has failed since the first of January, is not reprebetween Jan. 1 1909 and Jan. 1 1911. To furnish,
sented in this year's total, and this had the effect of
however, a sort of general survey, we introduce here
taking out $1,500,000 capital with nominal surplus to the
following table, comprising all the companies in
half that amount.
the boroughs of Manhattan and Brooklyn, and show
Another matter in connection with these New York the deposits
on Aug. 22 1907 (before the panic), on
returns which attracts attention is the course of the Dec. 311907
, the date of the first call after the panic,
deposits. As would be expected, these show a reduc- and for Jan.
1 of the last two years.
tion for the twelve months, the aggregate for Jan. 1
1911 standing at $1,218,382,416, as against $1,302,- Borough of Manhattan. Aug.22'07. Dec. 31 '07. Jan. 1.10. Jan. 1'11.
$
099,738 on Jan. 1 1910. The falling off is, roughly, Astor
$
$
$
8,965.745 . 8,103,748 13,895,039 14,774,859
Bankers'
23,861,606 20,240,194 46,602,542 62,013,877
84 million dollars, and apparently indicates that the Broadway
3,932,749 2,340,822 4,281,437 4,607.336
Central
42,137,580 33,961,798 91,394,728 67,843,148
managers of these institutions, in view of the low in- Columbia
8,774,339 4,700,103 12,145,661 13,800,562
Commercial
3,876,981
2,948,586 5,308,155 4,473,784
terest rates prevailing, were not very active in soliciting Empire
8,898,940 6,304,846 16,857,406 20,040,241
Equitable
17,381,123 9.715,776 149,930,289 35,044,790
Bowling Green
new accounts. This view finds further confirmation
16,233,629 11,209,036 J
Farmers' Loan & Trust
81,702,513 58,497,300 115,793,639 116,368,590
Fidelity
3,028,403 3,016,254 6,602,632 7,008,343
when it is noted that during the same period of twelve Fulton
7,423,429 6,047,183 7,871,433 7,723,527
41,996,504 28,161,527 77,832,184
months the deposits of the New York Clearing-House Guaranty
Fifth Avenue
17,532,796 10,413,911 17,636,478 1124815 857
Morton
40,510,828 22,166,365 33,863,400
banks increased from $1,171,462,400 to $1,206,406,300. Guardian
4,185,255 3,315,280 4,677,865 3,638,994
Hudson
2,066,175 1,172,075 3,447,494 3,416,134
.
Under the diminution in deposits there has, of Knickerbocker
62,114.992
•
35,267,275 32,467,648
Lawyers' Title Ins. & Tr_
8,524.049 5,511,071 12,495,502 13,452,914
course, been a reduction in aggregate resources, which Lincoln
22,400,958 6,483,066 12,492,637 11,141,401
Madison
8,101,350 5,623,758 7,453,215 6,540,091
Manhattan
for Jan. 1 1911 are $1,515,453,650, against $1,604,- Mercantile
10,975,957 9,327,741 26,904,439 19.051,288
35,119,131 23,277,232 56,109,550 48,382,224
Metropolitan
23,747.751 15,764,837 26,817,064 24,971,982
203,727 Jan. 1 1910. It is rather noteworthy that, Mutual Alliance
5,763,501
3,651,793 12,716,417 8,493,763
New
24,680,912 37,795,781
with $89,000,000 less to invest by reason of these re- New York Life Ins. & Tr. 33,782,456 27,862,835 51,486,440 35,550,811
York
33,517,360
41,313,028
Savoy
1,569,287
909,024
1,836,544
1,762,388
duced resources, the only leading item of investments Standard
12,884,258 7,691,641 16,715,732 16,583,839
Title
de Trust
28,495,980 21,574,526 26,355,280 24,224,805
that shows an important decrease is the collateral Trust Guar. America
Co. of
64,124,995 20,705,636 29,074,839 26,881,367
Union Trust
48,231,644
61,485,010 53,527,947
United
loans. In the amount put out in this way there was United States Mtg. & Tr. 30,982,562 44,169,764 41,002,035 43,415,252
20,096,258
States
59,394,159 47,302,953 69,111,176 58,735,106
Washingto
9,798,340 7,415,009 10,162,558 10,306,003
a reduction during the twelve months from an aggre- Windsor n
11,162,536 7,773,031
8,866,152 6,844,238
Brooklyn—
gate of $696,601,870 to $547,767,677. It is more than Brooklyn
15,363,635 11,628,311 16,545,897 18,071,271
Citizens'
1,592,398
1,035,792 1,538,642
1,439,877
a coincidence that during the same period there was an Flatbush
3,104,410 2,541,372 4,017,215 3,875,130
Franklin
10,929,960 7,579,036 11,832,235 12,103,762
expansion in the loans of the New York City Clearing- Hamilton
6,734,731
5,490,952 6,732,835 7,321,308
Home
2,636,974
1,638,373 2,107,011 2,452,328
House banks of over forty-one million dollais, the total Kings County
12,346,322 10,120,685 15,065,023 15,256,377
Long Island Loan de Tr
7,055,368 6,489,355 9,008,883 8,841,610
Nassau
8,290,228 5,329,614 6,374,010 5,660,371
of these loans having risen from $1,196,598,000 to People's
14,946,702 13,651,462 17,820,688 19,229,883
$1;238,174,600.
• Not reporting on account of temporary suspension.
With reference to the money holdings of the trust
companies, that is now a large item, as the law reTRUST COMPANIES AT OTHER POINTS.
quires that these institutions, like the banks, must
In the case of the trust companies outside of this
keep certain amounts of cash within their own vaults. State no such comprehensive
comparisons are possible
For the late year, however, there is naturally a de- as for the institutions within
the State. Our sumcrease under the falling off in the aggregate of deposits. maries for the other centres
comprised in our tables
As the law now stands, the trust companies in this on subsequent pages, namely
Philadelphia, Boston
borough are required to keep a reserve of 15%, and and St. Louis, are such as
we have been able to prepare
all of it must be held in cash. In the other boroughs ourselves, and necessarily
are limited to a few leadof New York only 10% of the 15% required need be ing items. Nor are the returns
in those instances cast
354
THE CHRONICLE
on uniform lines, nearly every company having its own
distinct method of classification, making general footings out of the question, except as regards those few
common things treated alike by all, and which have
definite, established meaning, such as capital, surplus
and profits, and deposits.
In Boston there has been a further growth in all directions. By this we mean that the maximum of deposits and resources reached at the end of 1908 and
,surpassed at the end of 1909 was again surpassed in
1910. Surplus and profits also again, reached a new
'high level. The number of companies at that point
-was precisely the same at the close of .1910 as at the
.close of 1909. The Paul Revere Trust Co. started as
A new institution May 2 1910, but the City Trust Co.
'Was absorbed by the Old Colony. Surplus and profits
for the 19 institutions in Boston were $27,349,902
Dec. 311910, against $25,002,793 Dec. 31 1909 and
$24,610,326 Dec. 311908. Deposits were $189,153,760, against $186,937,983 and $173,765,331, respectively, while aggregate resources were $228,753,662,
against $224,090,823 and $210,125,657.•
Capital.
Surplus and
Profits.
Deposits.
Boston—
Dec. 31 1900 (16 cos.)____ 8,450,000
Dec. 31 1901 (16 cos.)____ 9,000,000
Dec. 31 1902 (18 cos.)___ _11,100,000
Dec. 31 1903 (19 cos.)____12,100,000
Dec. 31 1904 (19 cos.)____12,500,000
Dec. 31 1905 (19 cos.)_ _12,500,000
Dec. 31 1906 (16 cos.)_ _11,100,000
Dec. 31 1907 (19 cos.)____11,750,000
_11,750,000
Dec. 31 1908 (19 cos.)_
Dec. 31 1909 (19 cos.)____12,150,000
Dec. 31 1910 (19 cos.)__ __12,250,000
10,285,659
12,294,798
15,779,627
18,629,264
19,702,108
20,841,502
22,551,499
23,699,740
24,610,326
25,002,793
27,449,902
89,461,044
107,991,782
116,264,790
112,281,257
139,851,208
148,033,197
158,213,825
125,254,672
173,765,331
186,937,983
189,153,760
Aggregate
Resources.
108,196,703
129,286,580
143,144,417
143,010,521
172,053,316
181,397,833
191,885,062
160,704,413
210,125,657
224,090,823
228,753,662
• At Philadelphia the situation was much the same as
in New York. Deposits were somewhat reduced and
this pulled down aggregate resources, but surplus and
profits increased to a new high level. The number of companies remained the same.
Capital.
Surplus and
Profits.
Deposits.
Aggregate
Resources.
27,826,941
33,885,857
37,514,329
39,654,877
42,344,733
45,594,298
49,500,018
50,840,244
52,000,976
55,374,618
59,187,488
136,496,312
149,137,386
153,151,355
161,231,152
202,855,986
209,213,067
193,283,134
169,669,224
200,983,530
217,196,883
208,840,334
196,498,618
218,660,249
227,480,117
238,817,566
283,503,299
293,177,935
286,232,600
265,150,778
296,761,341
316,892,720
311,640,645
Philadelphia—
Dec. 31 1900 (40 cos.) _ _ _ _28,399,965
Dec. 31 1901 (41 cos.) ___ _31,927,006
Dec. 31 1902 (41 cos.) ____33,142,233
Dec. 31 1903 (43 cos.) _ _34,320,337
Dec. 31 1904 (43 cos.) _ _34,800,980
Dec. 31 1905 (44 cos.) _ _35,312,363
Dec. 31 1906 (52 cos.) _ _36,931,963
Dec. 31 1907 (58 cos.) _ _ _ _38,727.909
Dec. 31 1908 (58 cos.) ____39,068,955
Dec. 31 1909 (59 cos.) _ __ _39,897,218
Dec. 31 1910 (59 cos.) ____39,931,416
At St. Louis there is surprisingly little change in
the totals as compared with the year preceding. The
comparisons with the earlier years, however, are somewhat misleading, as was pointed out by us in our review
twelve months ago. During 1908 the commercial
business of the Commonwealth Trust Co. was transferred to the National Bank of Commerce in St. Louis,
involving a diminution in deposits of over $7,000,000,
and in 1909 similar action was taken in the transfer
of the commercial business of the Mercantile Trust
Co. to the newly-organized Mercantile National Bank.
This absorption by banks of a portion of the former business of the trust companies will explain why the totals
of deposits and some other items are not up to the
maximums of the best previous years.
Capital.
St. Louis—
Deo. 31 1901( 6 cos.)
Dec. 311002( 9 cos.)
Dec. 31 1903( 8 cos.)
Dec. 31 1904( 5 cos.)
Dec. 31 1905( 6 cos.)
Dec. 31 1906( 9 cos.)
Dec. 31 1907( 8 cos.)
Dec. 31 1908( 9 cos.)
Dec. 31 1909 (13 cos.)
Dec. 31 1910 (13 cos.)
Surplus and
Profits.
Deposits.
13,425,600
20,485,300
19,000,000
16,000,000
16,100,000
16,350,000
13,350,000
13,452,400
14,752,400
14,752,000
14,471,934
24,922,243
24,915,483
22,507,930
23,365,609
23,584,914
22,527,837
22,782,021
19,428,356
19,505,474
41,339,273
62,910,106
62,563,117
78,706,702
71,681,442
74,512,832
66,329,762
81,619,831
73,959,732
73,015,086
Aggregate
Resources.
60,829,307
109,167,449
107,454,100
117,214,632
111,268,041
115,189,586
107,028,169
97,856,192
108,139,489
107,272,961
[VoL. Lxxxxn.
RAILROAD GROSS EARNINGS FOR THE
CALENDAR YEAR.
The compilation of the gross earnings of United
States railroads which we present to-day for the
calendar year 1910 is interesting in showing that the
troubles in the railroad world, which were such a
conspicuous feature of that year, did not concern the
traffic or the tonnage of the roads. The volume of
traffic registered large expansion and yielded tremendous increase in gross revenues. Unfortunately
the gain in gross earnings, notwithstanding its magnitude, hardly sufficed to meet the rise iii operating cost
and the resulting enormous augmentation in expenses.
It was this latter feature that furnished such grave
cause for apprehension and induced the vigorous efforts on the part of railroad officials to raise rates—
efforts which proved abortive up to the close of the
year.
The principal item- in the augmentation in expenses
was the advances in wages which the carriers were
obliged to make in practically all grades of the railroad service. - Deprived of the authority to advance
rates, the additions to expenses were without offset
on the other side of the account, except so far as the
growth in traffic might furnish additional gross, and
this in turn involved a further augmentation n expenses. Hence it was not possible to enlarge net income, and yet there was urgent need for extra net,
inasmuch as,by reason of the new capital expenditures
of recent years, the roads had increased interest and
dividend disbursements to meet. In the case of many
separate companies and systems, there were actually
very heavy losses in net as a result of the causes mentioned.
Full returns as to expenses and net earnings are not
possible so soon after the close of the year. Our compilations here consequently'deal entirely with the results and comparisons as to the gross. Even as to
the gross the records are not altogether complete.
A number of minor roads have not yet furnished their
figures, while the December results are lacking for some
of the roads included in our tabulation, making it
necessary in such instances to give the figures for the
eleven months of the two years instead of for the full
twelve months. Nevertheless the results as to the
gross are so nearly complete that there is very little
likelihood of any very great change in the aggregates
for the railroad mileage of the country as a whole
when the final figures shall be available several weeks
hence.
We think that the extent of the gain in gross earnings as disclosed by our exhibits will be a surprise even
to persons well informed as to the course of railroad
revenues during the period under review. Stated in
brief, the addition to gross revenues as compared with
the year preceding has been over 229 million dollars—
in exact figures $229,490,446. It is testimony to the
way in which expenses have been mounting up that
this great gain in gross receipts should have been
practically wiped out and none of it saved for the net,
and perhaps more than wiped out, because as yet it is
not possible to state whether the total of the net will
show a trifling increase or actually record a loss.
There is obviously cause for gratification that there
should have been a very substantial increase in traffic
and gross revenue, for, as the additions to expenses
FEB. 11 1911.1
TIIE CHRONICLE
355
represented largely fixed increases which could not be more than nominal. The fact that inactivity
was
offset, the falling off in net must have reached alarming developing in trade,accountsfor the less favorable comproportions if there had been coincident contraction parisons as the year progressed. For December the
in the volume of traffic. The gain of $229,490,446 in showing is decidedly better, but simply because comparison iu with
the gross earnings for 1910 is based on very compre- conditions in a period of very unfavorable weather
the previous year-in some cases
hensive results. For 1910 our total of the gross is worst weather experienced in a generation-whilethe
in
$2,825,246,281, which compares with $2,595,755,835 addition trans-continental lines on the extreme north
for the corresponding period of 1909. The mileage at that time (December 1909) also had a strike of
represented in the late year is 231,447 miles. The their switchmen to contend against. This switchmen's strike, it may be
total of the railroad mileage of the country is,roughly, shutting down of flour recalled, caused a temporary
mills at Minneapolis, and also a
240,000 miles. This shows that only 8,553 miles are partial discontinuance of copper mining and smelting
lacking; with this included, the gain would doubtless in Montana.
In the table we now annex we show the comparisons
be slightly further increased.
for each month in the year. In the first six months
Additional significance is given to the $229,490,446
gain in gross revenues by the fact that it follows an the ratio of gain ranged from 13.27% to 16.53%; even
in January and February the gains were respectively
even larger gain in gross revenues in the calendar year 15 and 16%, notwithstanding that the winter was
a
1909. Using for this latter period the summaries severe one and some of the roads in different parts of
prepared by the Inter-State Commerce Commission, the country suffered from very bad weather. In April
the increase in gross receipts for 1909 amounted to and May the gains were,respectively,143/ and 163/2%,
in face of the fact that there was more or elss suspen$278,038,372. There is,of course, an important differ- sion of mining in the
bituminous coal regions, owing
ence between the improvement in 1909 and that in to differences between miners and operators. In the
1910. The one represented merely a recovery of last six months the growing depression in the iron and
what had been lost in 1908 (the year of depression steel trades served to diminish the shipments of iron
following the panic of 1907), while the gain in 1910 ore, the partial failure of the spring-wheat crop in the
represented new growth. Combining 1910 with 1909 Northwest reduced the grain shipments over the roads
affected, and the trans-continental systems with
we have an increase for the two years in the pro- lines to the Pacific
Northwest sustained a contraction
digious sum of $507,000,000. In other words, gross of their passenger traffic by reason of the fact that the
earnings for 1910 exceeded those for 1908 in the sum Alaska-Yukon Exposition, which had been a favorof over half a billion dollars. In these huge figures, ing element in the latter part of 1909, was missing in
which it is difficult for the mind to grasp, we get a 1910.
notion of the extent of the recovery in the business
Miles of
Gross Earnings.
Month.
Road in
world from the low point reached in 1908, for the
Inc.(+)or
1910. 1909.
1910.
1909.
Dec.(-).
larger gross revenues of the roads merely reflect the
larger volume of business which the carriers were called January
$
236,758 231,362 210,302,220 182,649,826 +27.652,394 15.14
236,852 231,652 202,258,490 74,159,723 +28,098,767 16.15
upon to handle for the mercantile community. And February
235,925 230,811 237,533,005 4,916,998 +32,616,007 15.92
this larger volume of traffic in turn illustrates the March
237,569 232.463 225,225,596 196,595,911 +28.629,685 14.50
April
237.560 232.494 234,310,642 01,069.381 +33,241,261 18.53
May
change from business depression to business pros- June
238,108 232,054 237,036,159 9,270,837 +27,765,272 13.27
238,169 233,203 2.30,615,776 17,803,354 +12,812,422 5.90
perity. It would, of course, be very unfortunate if July
August
238,493 239,404 254,005,972 235,726,000 +18.279,972 7.75
240,678 237,803 256,647,702 246,335,586 +10,312,116 4.19
prosperity should now again have to be exchanged for September
October
241,215 237,835 263,464,605 260,821,546 +2,643,059 1.01
adversity, though as a matter of fact trade reaction November
237,596 233,340 246,650.774
+999,511 0.40
December
214.516 210,829 220,774.103 06,392,068 +14.482,041 7.01
was pronouncedly in evidence even before the close of
1910, and has continued thus far in 1911.
Trade reaction was an influence only during the
We have spoken of the falling off in earnings which
occurred in 1908. According to our final tabulations, latter half of the year, and whatever shrinkage octhe loss in gross revenues for that year reached $301,- curred on that account in this period was, in most
749,724. But these figures covered only 199,726 miles lines of traffic, more than counterbalanced by the gain
of road. Careful computations which we made at the of the earlier months, so that for the year as a whole
time showed that if we could have returns for the whole the results as to traffic were far better than in 1909.
railroad mileage of the country, the decrease in gross This is true even as regards the iron and steel trades,
earnings would probably have been no less than $345,- for the make of iron for the twelve months of 1910 ag000,000. Prior to 1908, however, we had an unin- gregated 27,298,545 tons, as against 25,795,471 tons
terrupted series of gains year by year back to 1896, for the twelve months of 1909. In the last six months
as will appear from the following summary of the of 1910, however,the product was only 12,319,807 tons,
yearly totals. The mileage covered in each year, is as against 14,978,738 tons the first six months. The
iron'ore movement by water from the Lake Superiof
indicated in the table.
region recorded marked falling off towards the end or
Mileage.
Gross Earnings.
the navigation season, but nevertheless aggregate
Increase(+)
Jan. 1 to
Year litYear
Year
shipments for the year were 42,620,201 tons, as against
Dec. 31.
Year
Decrease (-).
Given.
Given. Preced. cr'se.
Preceding.
41,683,873 tons in 1909. Anthracite coal shipments
Miles. Miles.
$
Year.
155,950 0,02 1,046,616,407 1.176,821,735 -130,205,328 11.07 to tidewater from the Pennsylvania fields were 64,1894
156,911
1895
157,537 156,110 0.90 1,086,464,608 1,024,461,781 +62,002,827 6.05 500,000 tons in 1910,
against 61,969,885 tons in 1909.
1896
162,037 161,340 0.83 1,114,430,883 1,114,696,887
-266,004 0.02
1897
165,253 163,840 1.15 1,185,154,654 1,122,817,579 +62,337,075 5.55 Coal production of all kinds in the whole United
1898
164,893 163,075 0.89 1,253,807.'714 1,172,777,136 +81,030.578 6.98
1899
164,080 161,295 2.20 1,332,666,853 1,213,686,610 +118,980,243 9.81 States was 475,000,000 tons last year, against 459,1900
172,358 167,396 2.97 1,459,173,305 1,345,201,005 +113,972,300 8.46
1901
179,097 176,673 1.25 1,603,911,087 1,454,922,185 +148,988,902 10.24 715,794 tons the previous year. Finally, the coal
181,928 178,929 1.56 1,705,497,253 1,604,633,539 +100,863,714 6.28
1902
181,138 177,427 2.13 1,918,652,252 1,716,458,891 +202,193,361 11.77 and coke tonnage originating on the lines of the Penn1903
196,724 193,257 1.65 1,966,596,578 1,957,831,299
1904
+8,765,279 0.45
195,251 193,385 0.96 2,099,381,086 1,929,382,949 +160,998,137 8.76 sylvania Railroad Co. east of Pittsburgh and Erie
1905
203,411 190,983 1.71 2,374,196,410 2,132,282,814 +241,913,596 11.34 aggregated
1906
65,916,840 short tons for 1909, against
205,276 202,953 1.14 2,595,531,672 2,373,888,811 +221,642,861 9.33
1907
199,726 197,237 1.26 2
1908
,235,164.873 2,536,914,597 -301,749.724 11.90 62,101,025 tons for 1909. The increase here, it will
228.508 225,027 1.54 2,595,466,402 2,317,428,030 +278.038,372 11.65
1909
231.447 227,160 1.88 2,825,246,281 2,595,755,835 +229,490,445 8.84 be observed, is 3,815,815 tons, but as at the end of the
1910
first six months there had been a gain of 4,343,704 tons,
The improvement in gross earnings during 1910 con- it is evident that during the last six months there was
tinued through the whole of the twelve months, but a decrease.
the last half of the year the gains gradually tapered off,
Western roads in many instances had the advantage
until in November the amount of increase was hardly of a larger grain movement, notwithstanding the
945,651,263
Or
THE CHRONICLE
356
[VoL. Lxxxxm
Increases.
Increases.
shortage in the spring-wheat yields in the Northwest. Vandalla
$1,392,088 Cin. New On. & Tex.Pac $1,065,520
Kansas
1,350,622 Central
Taking the Western primary markets as a whole, each Central City Southern_ _ _ 1,298,916 Pere of Georgia
1,058,260
of New Jersey
Marquette
Del. Lack. &
1,237,923
of the leading cereals records larger deliveries for 1910 Minn.St. P. &Western 1,193,886 Buffalo Roch. & Pittsb 1,034,244
1,024,339
S.S.M.(2)
than for 1909. This is true even of wheat, though N. Y. Chic. & St. Louis_ 1,162,670 Representing 82 roads
Toledo & Ohio Central
1,149,097
In our compilation4193,202,531
Duluth, by reason of the spring-wheat shortage, re- Western Maryland
a1,097,756
Decrease.
(2)_ 1,065,681 San Pedro Los
ceived only 32,247,331 bushels in 1910, as against St. Louis Southwest.parenthesis after name of road A & S L_ _$2,081,060
Note.
-Figures in
indicate thenumber of
52,871,001 bushels in 1909. Combining wheat, corn, lines or companies for which separate returns are given and which we have
combined so as to make the results conform as nearly as possible
oats, barley and rye, the Western grain receipts ag- given in the statements furnished by the companies themselves. to those
a Figures are for eleven months
These figures
bushels in 1910, against 636,- operations of the New York Centralonly. b Including the cover merely the
gregated 702,977,509
itself.
various auxiliary
"Big
375,483 bushels in 1909 and 661,030,230 bushels in and controlled roads, like the Michigan Central, the Lake Shore, the York
Four," the "Nickel Plate," &c., the whole going to form the New
a
$23,159,263.
1908. The increase over 1909, it will be seen, was Central System, the result isthegain ofdirectly operated east and west of
y These figures represent
lines
66,000,000 bushels. Of this increase 48,000,000 bush- Pittsburgh. Eastern lines showing $10,773.500 increase and the Western
lines
leased, operated
occurred in the first six months. In the following result$11,026,700; for all lines owned, of $28,886,677. and controlled, the
els
for the twelve months is a gain
we furnish full details.of the Western grain movement
To complete our analysis we furnish the following
for the twelve months in our usual form.
six-year comparisons of the earnings of leading roads
Wheat.
Corn.
Flour.
Oats.
Jan. 1 to
Barley.
Rye arranged in groups according to their location or the
(bush.)
(bush.)
Dec. 31(bbl,.)
(bush.)
(bush.)
(bush.)
Chicago
character of their traffic.
1910_ _ 8,006,283 27,537,900 102,565,850 101,859,100
1909__-- 8,482,857
Milwaukee
1910____ 3,144,725
1909-- 3,464,608
St. Louis
1910..--- 2,678,045
1909-- 2,682,960
Toledo
1910..
1909Detroit
1910_ _ -- 242,534
181,966
1909_ _
Cleveland
87,608
1910_ --64,231
1909-Peoria
1910_ --_ 2,822,294
1909_ - 2,454,098
Duluth
1910
- 842,545
1909_ ___ 3,124,890
Minneapolis19101909..
Kansas City
1910....
1909-
26,976,112 90,630,821
25.721,000 1,153,500
87,665,758 25,981,914 1,423,350
10,313,810
7,743,505
8,097,700
6,021,000
13,319,010 14,588,493 1.431,540
8,891,100 13,637,400 1,048,840
19,162,310
21,073,026
22,061,082
22,209,400
4,313,600
4,550,400
4,325,100
4,058,100
4,024,150
3,387,600
1,827,373
2,386,331
3,338,040
2,490,964
2,636,908
2,322,381
836,133
495,123
5,035,336
5,377,410
5,296,624
7,394,188
1,216,264
1,337,435
21,885,120 2,405,865
18,201,640 2,825,400
1,000
6,555
334,923
249,913
110,650
200,600
1,000
83,732
373,937
7,242
25,157
16,746,293 12,608,567 2,745,229
16,024,012 8,305,207 2,595,500
371,192
306,250
32,247,331
52,871,001
951,363
1.275,808
100,168,079
79,837,030
9,927,731
5,094,035
41,675,450
33,183,840
16,101,650
10,875.480
5,872,499 10,826,622
4,954,735 10,350,565
463,080
593,562
19,436,888 21,653,706 1,890,680
13,923,879 19,600,114 2,533,105
4,801,800
6,065,000
Total of all
1910____17,824,034 239,298,250 188,150,145 191,740,666 78.025,647 5.762.807
1909____20,455.560 230.453.803 163,057,030 161,111,488 75,371,385 6.381,777
Southern roads suffered a contraction in their cotton
traffic. But here also a distinction must be made
between the first six months and the last six months.
The whole of the loss occurred in the former period.
In the latter half, with the benefit of larger receipts
from the new crop, the movement recorded a considerable increase compared with 1909. For the twelve
months, as a whole,the receipts of cotton at the Southern outports were 8,193,077 bales, against 8,623,752
bales in 1909 and 9,501,268 bales in 1908. The loss
from the previous year, according to these figures,
was 430,675 bales. In the first six months, however,
the loss was 1,443,975 bales.
It should be added that the shipments overland were
1,317,813 bales in 1910, against 1,324,203 bales in
1909 and 1,616,257 bales in 1908. Of the total for
the year 509,664 bales were shipped in the first six
months of 1910, against 710,783 bales in the first six
months of 1909 and 681,640 bales in 1908. .
With the railroads as a whole showing such a tre
mendous improvement in their gross earnings for 1910
over 1909, it follows as a matter of course that many
separate systems must have been distinguished in the
same way. In the following we bring together all
changes for the separate roads for amounts in excess
of $1,000,000, whether increases or decreases. As a
matter of fact, the list is almost entirely made up of
increases, there being only one road which has a decrease of that amount, namely the San Pedro Los
Angeles & Salt Lake, and in that case part of the line
by
was closed . floods.in the early months, throughfreight service not being restored until June 5.
PRINCIPAL CHANGES IN GROSS EARNINGS FOR 12 MONTHS.
Increases.
Increases.
021,800,200 Chesapeake & Ohio
Pennsylvania (3)
$3,658,113
9,533,379 Erie (2)
Baltimore & Ohio
3,195,772
Southern Pacific (10)..-- 8,515,602 Atlantic Coast Line
2,867,507
Chicago Burl dc Quincy__ 8,299,507 Clev. Cin. Chic. & St. L_ 2,765,264
8,241,458 Missouri Kansas de Texas 2,661,192
Union Pacific (3)
Atch. Top. & S. Fe (7)._ 7,891,775 Wabash
2.386,975
N. Y. C. & Hud. River.... 66,736,617 Boston & Maine
2,318,385
Great Northern
6,620,583 Lehigh Valley
2,289,892
Louisville & Nashville__ 6,503,450 Michigan Central
2,279,349
Chicago & North Western 5,779,766 Pittsburgh & Lake Erie.. 2,213,750
Illinois Central
5,702,571 Seaboard Air Line
2.087.809
Chicago Milw. & St. P__ 5,154,444 Chicago St. Paul M & 0_ 2,015,111
Southern
4,742,825 Denver & Rio Grande__ 1,885,789
Lake Shore & Mich.Sou_ 4,309,214 Chicago Great Western_ _ 1,796,092
Norfolk & Western
4,272,132 Spokane Porti'd & Seatt
1,673,908
Missouri Pacific (3)
4,230,759 Oregon & Washington_ _ 1,617,879
N. Y. N. H. & Hartford.. 4,199,924 Colorado & Southern (4)_ 1,501,991
Rock Island (4)
3,970,451 Phila. Bait. & Washing'n 1,478,300
Philadelphia & Reading.. 3,951,506 Texas & Pacific
1,415,153
St. Louts & San Fran.(3) 3,812,806 Hocking Valley
1,404,284
EARNINGS OF ANTHRACITE COAL GROUP.
Year.
Cent of NJ
Lehigh Val
NY0& W
NY S 8c W
Phil& R_d
1910.
1909.
1908,
1907.
1906.
1905.
$
$
8
$
$
$
27,172,123 25,873,207 25,455,032 28,086,934 24,838,721 24,257,831
36,643,715 34,353,823 33,045,979 37,032,961 33,591,852 33,043,975
9,106,924 8,399,229 8,155,469 8,216,140 7,533,725 7,455,200
3,618,051 3,417,432 3,113,624 3,366,461 2,839,298 2,852,893
46,201,852 42,250,346 39,576,781 45,872,065 40,782,938 40,147,371
Total ___ 122,742,665 114,294,037 109,346,885 122,574,561 109,586,534 107,775,270
d These are the earn ngs of the railroad company only; the results of coal-mining
operations are not included in any of the years.
EARNINGS OF TRUNK LINES.
1910.
1909.
1908.
1907.
1906.
$
91,827,009
30,423,005
3,536,068
56,015,555
49,420,211
29,694,815
Year.
-
$
82,293,630
27,657,741
3,026,856
52,819,783
45,110,997
27,415,466
$
69,870,644
21,621,661
2,764,463
48,226,102
39,066,941
24,222,139
$
83,357,868
26,447,804
3,010,347
54,516,254
44,953,474
28,547,110
$
80,552,847
24,594,915
3,059,280
51,167,847
42,544,378
26,275,587
1905.
$
Bait &O a
71,755,673
CCC & StL
22,517,763
Peo & E..
2,960,725
Erie
47,832,190
LS&M S
38,600,811
Mich Cent
23,283,869
NY Cent&
Hud R...f 99,908,478 93,171,861 c83.927,354 98,369,060 92,089,766 86,095,599
Pa-East of
Pitts & E 164,340,590 153,567,090 136.296,871 164,812,826 148,239,890 133,921,990
W ofP&E 95,039,841 84,013,141 70,336,682 88,984,022 80,522,307 72,013,535
29,826,570 27,439,595 24,956,064 27,434,923 26,467,456 23,579,261
Wabash
650,032,542596,518.160524,288,921 620,433,688575,514,268522,5
Total61,416
a Includes the Cleveland Lorain & Wheeling Ry. beginning July 11908.
c This is on the basis of accounting prescribed by the Inter-State Commerce Commission; on the old basis of accounting earnings for the calendar year 1908 were
$88,849,368.
f Boston & Albany, as also the Beech Creek RR. the Walkill Valley RR., the
New York & Ottawa, the St. Lawrence & Adirondack, the Ottawa and New York,
and the Fall Brook system, included for all the years.
EARNINGS OF SOUTHERN GROUP.
Year.
1910.
$
Ala Gt So_ 4,516,365
Cent of Ga 12,525,587
Ches & 0_ 32,540,622
C NO &TP 9,446,987
Lou & N. 54,428,973
Mobile& 0 10,982,081
N C & St L 11,926,765
Nod & W 36,228,574
Southn Ry 59,109,570
Y & M V_ 610,631,980
1909.
1908.
1907.
1906.
$
$
$
$
3,769,596 3,359,232 4,050,470 3,942,648
11,467,327 11,006,893 12,310,456 11,643,275
28,882,509 29,270,095 28,189,55 i 25,322,229
8,381,467 7,363,650 8,625,267 8,615,22:
47,925,523 43,508,681 48,608,049 45,856,765
10,013,995 9,199,535 11,077,296 10,034,201
11,276,396 10,551,123 12,326,929 11,546,933
31,956,442 26,643,769 33,097,720 29,686,565
54,366,745 49,335,470 57,166,68055,353,297
10,002,427al0,074,844 al0,220,241 9,412,977
1905.
$
3,478,831
10,531,081
22,130,119
7,671,415
39,624,355
8,539,680
10,192,404
26,191.843
49,819,714
7,931,323
Total ___ 292,337,504 218,042,427 195,313,302225,672,664 211,414,118 186,110,765
1
a Beginning with July 1907, includes some large items of income not previously
included in monthly returns.
b No longer includes receipts for hire of equipment, rentals and other items.
EARNINGS OF SOUTHWESTERN AND PACIFIC GROUP.
Year.
1910.
1909,
1908,
1907.
1906.
!1905.
$
$
$
$
$
$
AT &SF_c 107,771,978 99,880,253 89,161,173 97,330,121 85,020,061 73,629,187
Col & Sob 17,241,257 15,649,266 14,527,918 14.475,389 12,510,18: 10,644,852
Den & R G 24,174,378 22,288,589 19,464,01 22,136,141 20,389,152 18,219,253
Int & Gt N 9,026,333 8,275,148 7,503,807 7,954,182 7,752,107 6,515,688
M K & T_ 28,326,576 25,665,384 23,774,57 26,148,821 23,159,324 20,459,997
M P & C B 53,624,548 49,393,789 43,112,487 49,182,037 46,587,556 42,518,269
StL & 5F/ 54,626,872 50,814,066 45,081,828 51,739,438 44,601,212 39,368,071
St L S W.. 11,649,984 10,584,303 9,694,050 10,477,404 9,736,797 8,701,946
Sou Pac__ 136,208,346 127,692,744 117,657,280 132,428,519 113,586,845 99,648,203
Tex & Pac 16,375,805 14,960,652 13,917,313 16,671,664 14,914,608 12,130,301
Union Pae 02,202,670 83,961,212 75,760,017 80,187,752 70.490,706 63,608,662
Total ___ 551,228,747 509,165,406 459,654,46'508,731,468 448,748,556 395,444,519
b Includes all affiliated lines except Trinity de Brazos Va ley RR.
c Atchison figures include earnings of the Denver Enid & Gulf RR., Pecos Valley
system and Santa Fe Prescott & Phoenix Ry.
!Includes Chicago & Eastern Illinois.
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
1910.
1909.
1908. I
1907,
1906.
1905.
$
$
$
$
$
$
Buff R &P 9,168,646 8,144,307 6,701,341 8,866,671 7,467,336 8,567,433
Chic I & L 6,164,049 5,608,7621 5,043,676 5,771,426 5,896,069 5,833,724
Hock Val.. 7,869,717 6,465,433 5.581,218 7,121,718 6,522,027 6,138,089
Ill Cent... c62,980,037 c57,277.466 b55,326,259 b60,563.931 54,277,180 48,957,268
L E & W a 5.513,326 5,043,990 4,361,158 5,066,940 5,212,810 5,037,293
Tol & 0 C 5,089,986 3,940,889 4,140,761 4,873,550
Tol P & W 1,253,622 1,111,051 1,165,834 1,287,589 4,362,500 3,810,225
1,252,545 1,281,206
T StL & W 3,787,928 3,598,274 3,426,320 4,246,597 4.163,86: 3,982,144
Wh & L E d6,473,421 6,360,053 4,992,247 6.521,673 5,475,732 5,174,851
Total ___ 108,300,732 97,550,225 90,738,814 104,320,095 94,630.067 88,782,233
Year,
a Includes the Northern Ohio.
b Beginning with July 1907, figures include some large items of income not previously included in monthly returns.
c No longer includes receipts for hire of equipment, rentals and other Items.
e December 1910 not yet reported; taken same as last year.
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
Name of Road.
Year.
1910.
1909.
1908.
1907.
Jan. 1 to Dec. 31.
$
8,004,100
52,309,617
59,087,802
12,390,066
2,938,678
47,717.681
2,788.309
3,518.909
16,982.266
56,710.143
1,458,353
.
Total _ _ 342,053,915318.373,373 288,194,481316,974,505 296,907,070 263,905,924
a Actual figures are used for comparison beginning with the last six months of 1907.
b Proprietary lines not Included after June 1906.
c Beginning with September 1908, Includes the Mason City de Fort Dodgeand the
Wisconsin Minnesota & Pacific.
d Includes trans-Missouri lines.
e Includes Wisconsin Central for all the years.
We now add our full detailed statement embracing
all roads for which it has been possible to procure or
to make up the figurse for the last two calendar
years.
Mileage.
Gross Earnings.
Yam of Road.
1910.
1009.
Inc. (+) or
Dec.(-).
$
$
1.785,278 1,619,399
Alabama & Vieks c
4,516,365 3,769,596
Ala Great South c _
1,955,308
1,738,512
Ann Arbor_c
Arizona Eastern.. y1,643,939 y1,531,264
892,487
Arizona & N Max.
061,744
y794,931
Astoria & Col Riv_
y636,918
(7
AT &$ F4 rds) c 107,771,978 99,880,253
Atl Birm & Atl_c_
2,701,568 2,359,770
Atlanta & W Pt_.. y1,029,447
y924,536
Atlantic & St Law y1,257,361 y1,151,301
Atlantic Coast L c_ 30,759,607 27,892,100
Atiantio City
1,928,367 1,766,728
Balto & Ohlo_c_ _ 91,827,009 82,293,630
B &0 Ch TerRR
1,472,689
1,139,852
Bang & Aroost'k c 3,073,363 2,837,732
504,980
Beau S L & West_
367,786
7,602,131
Bess & Lake Erie_
7,112,825
Belt Ry of Chicago
2,400,008 2,136,095
715,595
799,295
Birmingh'm & Sou
44,130,769 41,812,384
Boston & Maine
2,149.000 2,385,215
Buffalo & Susq
Buff Roch & Pitts c 9,168,646 8,144,307
Butte Aqacon & P y1,102,275 y1,150,445
y901,712
Can Pad*Ry In Me_
y973,679
684,899
Caro Clineh & 0
1,408,980
3,097,688 2,806,043
Central New Eng_
Cent ofiNewJer_c_ 27,172,123 25,873,207
Cent of Georgia_c_ 12,525,587 11,467,327
Central Vermont
y3,554,221 y3,358,200
Chariest & W Caro
1,708,690 1,507,075
°hes & Ohlo_c
32,540,622 28,882,509
Chicago & Alton_c 13,953,898 13,001,418
Chicago & N W
-.98 69,810,532
75,590,•
Chic Bur & Quincy p
.159 82,420,652
Ch Det&Can Gr Tr
y500,767
( 0,895
Chicago Gt West_ c 12,709,451 10,913,359
Chic Ind &Loutsyc 6.164,049 5,608,762
Chia Milw de St P. 66,456,696 61,302,252
Chic Peor & St L. 1,790,077
1,658,783
Chic St P At & Om 16,192,862 14,177,751
y330,972
y501,163
Chicago Southern_
9,473,468 8,025,124
Cino Ham & Day_
Pin N 0&Tex Pace 9,446,987 8,381,467
687,516
Coal & Coke
766,852
Col & Sou (4 rds) c_ 17,241,257 15,649,266
y826,463
Colorado de Wyom
y727,795
Colorado Midland_
2,149,273 2,390,386
y571,576
y592,286
Colum & Pug Sd
z607.407
Copper Range_c
z631.393
754,940
988,238
Cumbland & Penn
20,397,317 19,598,551
Delaware & Hud
DelfLaok & West_ 36,052,931 34,815,008
24,174,378 22,288,589
Deny & Rio Grc
792,950
Deny N W & Pace 1,063,528
y719,357
y837,002
Det.& Tol Sh Line
1,227,645 1,191,284
de
Det, Mackinac
2,025,023 1,865.778
Det'Gr Hay & Mil_
1,482,422
1,817.672
Detaol & Iront_c_
Dull& Iron Range y7,989,835 y8,510,717
Dul MIssabe & Nor 12,477.554 12,316,703
441,326
517,880
Dunn,L & Winn
3,317,352 3,055,222
Dul So Sh & Atl_c_
392,603
510,335
East St Lou Conn_
8,240,042
8,941,592
Elgin Jol & East
56,015,555 52,819,783
Erie (2 roads) _c
Evansv & T Hto_c 2,622,624 2,252,050
7,516,739 7,430,884
El Paso & S W
3,033,212 3,471,799
Florida East Coast
829,165
948,850
Fonda Johns & Gl_
y595,640
y657,226
FtiSmith & West_
1,071,747
1,017,705
Ft Worth & Rio Gr
3,073,886 2,856,690
Georgia RR_ c
y409,392
Georgia & Florida_
y543,409
Georgia So & Fla c 2,367,610 2,222,045
Grand Tr Western 95,633,6381 y5,289,107
Great Northern
69,372,008' 57,751,425
y531,246
Green Bay & West
y586,412
Gulf & Ship'Island x1,662,931 x1,631,844
Hooking Valley
7,869,717 6,465,433
658,316
Hunt & Bd Top
671,270
y383,574
y670,322
Idaho & Wash Nor
Illinois Central_e_ 62,980,037 57,277,466
y866,332
indlanap Southern y1,018,715
Internat & Gt Nor 9,026,333 8,275,148
TowalCentral c,_ _ _
3,418,310 3,224,028
Kanawha de Mich_ y2,826,102 y2,112,677
1,617,661
KC Max & Orient c 1,885,102
Kan7City South _c_ 10,438,127 9,087.505
560,967
588,393
Laoka & Wyom V.
527.134
494,688
Lake Terminal
1,433,744
1,384,976
Lehigh & Hudgliv
36,643,715 34,353,823
Lehigh I'Valley_c_
927,472
818,827
Lehigh*& New Eng
444,377
515,054
Lex'ton & East
1,406,711
1,255,421
Louisiana & Ark
Lou fly & Nay_ y1,461,446 y1,154,248
, OA. Nnah r 54.428.075 4705K !I9ft
r...d..
.
I
1905.
1906.
$
I
$
$
$
Ch & Gt Wc12,709,451c10,913,359 c8,981,659 8,643,517 8,729,748
C M & StP 66,456,696 61,302,252 58,101,786 60,283,902 57,979,454
Ch&N Wd 75,590,298 69,810,53 62,415,759 69,338,590 66,429,880
CStPM&O 16,192.862 14,177,751 12,799,172 13,694,109 13,417.880
2.574,7253,298,8683,120,299
D SoSh&A 3,317.352 3,055,22
Gt No Sy 64,372,008a67,751,425a50,691,143a59,921,050 54,705,448
Iowa Cent 3,418,310 3,224,028 2,918,482 3,134,467 3,051,067
Minn&StL 5,059,359 4,559,276 3,935,693 4,063,407 3,685,671
Minn St P
& S S M e 22,312,498 21,118,612 18,878.991 20,711,656 19,515,681
Nor Pac__ 70,932,666 70,887,281 65,297,248 72,175,434564,692,454
St J & Gr I 1,692,415 1,573,635 1,599,823 1,709,507 1,579,488
•Jan. 1 to Dec. 31.
35'7
THE CHRONICLE
FEB. 11 1911.3
1910.
$
142
+165,879
309
+746,769
301
+216,796
347
+112,675
108
-69,257
122
+158,013
+7,891,725 10,357
661
+341,798
92
+104,911
167
+106,060
+2,867,507 4,493
167
+161,639
+9,533,379 4,434
+332,837
77
627
+235,631
+137,194
118
+489,306
205
21
+263,913
43
+83,700
+2,318,385 2,243
361
-236,215
568
+1,024,339
46
-48,170
233
+71,967
236
+724,081
277
+291,645
631
+1,298,916
+1,058,260 1,916
411
+196,021
341
+201,615
+3,658,113 2,224
+952,410 1,025
+5,779,766 7.744
+8,299,507 9,091
60
+100,128
+1,796,092 1,489
616
+555,287
+5,154,444 7,512
255
+131,294
1,744
+2,015,111
114
+170,191
+848,344 1,015
336
+1,065,520
197
+79,336
1,964
+1,591,991
55
+98,668
338
-241,113
58
-20,710
130
+23,986
33
+233,296
819
+798,766
930
+1,237,923
+1,885,789 2,553
214
+270,578
76
+117,645
360
+36,361
191
+159,245
+335,250
441
188
-520,882
293
+160,851
93
+76,554
+262,130
608
3
+117,732
808
+701,550
+3,195,772 2,223
310
+370,574
902
+85,855
583
+461,413
84
+119,685
221
+61,586
196
-54,042
307
+217,196
326
+134,017
395
+145,565
347
+344,531
+6,620.583 7,275
225
+55,166
307
+31,087
350
+1,404,284
+12,954
70
111
+286,748
+5,702,571 4,551
179
+152,383
+751,185 1,160
558
+194,282
176
+713,425
740
+267,441
827
+1,350,622
+27,426
23
11
+32,446
+48,768
97
1,432
+2,289,892
170
+108,645
94
+70,677
255
, +151,290
351
+307,198
A KO1
-LR Kiln Act)
1909.
142
309
301
308
108
122
9,889
640
92
167
4,481
167
4,459
90
529
117
201
21
35
2,243
361
568
46
233
225
278
667
1,916
411
341
1,933
998
7,638
0,021
60
1,487
616
7,512
255
1,739
114
1,036
336
191
2,032
55
338
58
128
33
845
931
2,553
214
79
348
191
441
168
289
93
597
3
770
2,230
310
867
583
84
221
196
307
269
395
336
7,037
225
307
350
70
103
4,551
171
1,16C
552
171'
660
821
V.
V!
91
1,441
17(
1:1
221
351
A Rrl!
Gross Earnings.
Inc. (±) or
Dec.(-).
1909.
1910.
$
$
Lou Heed & St L c
1,097,775
1,224,815
Maine Central..
8,979,218 8,671,118
Midland Valley__ _ y1,210,490 y1,046,172
Mineral Range _c_ _
767,087
837,814
MStP &SSM(2rds)c 22,312,498 21,118,612
Minn & Internat_ _
y749,872
9605,426
Minn & St L.c.
5,059,359 4,559,276
Miss Central _c_
927,465
800,379
Miss Buy & B T__ _
870,919
740,094
Mo & No Arkan__
9816,324
9613,904
Mo Kan & Tex_c__ 28,326,576 25,665,384
Mo Pee (3 roads) c_ 53,624,548 49,393.789
Mobile & Ohlo_c_ 10,982,081 10,013,995
Monongahela
1,456,084
1,186.503
Monongahela Conn
975.973
894,415
Nash Ch & St L.c. 11,926,765 11,276,396
New Jer & N Y._ _
722,083
660,805
New On & Gt Nor y1,530,283
y888,056
Nevada Northern_ y1,383,117 y1,232,621
3,633,840 3,278,413
N 0 & Nor East c_
N 0 Mobile & Ch_c 1,784,485 1,548,460
N Y Cent & H R_c 99,908,478 93,171,861
3,739,668 3,223,313
Ch Ind & Sou _c_
y186,274
y203,431
Ch Kai & Sag...
1,294,277 1,177.691
Cino Northern_c
Cl Cin Ch & StLc 30,423,005 27,657,741
116,246
84,320
Det & Charley_ _
y291,421
Dunk All V & P
y274,358
0.139.
Fulton Chain__ _
15,180
Ind Harbor Belt y2,179,350 y1,646,544
Rank & Seneca_
84,871
76,000
y609,114
Lake Er All & W
y529,552
Lake Er & W_c_
5,513,326 5,043,990
Lit Falls & Dolg
84,230
75,607
L S & M Sou_c_ 49,420,211 45,110,997
Lou & Jeff Bdge
x177,360
x140,546
Mich Cent_c_
29,694,815 27,415,466
Mt Gil Sh Line
5.891
5,918
N Y C & St L.c. 11,238,877 10,076,207
Peoria & East_c 3,536,068 3,026,856
Pitts & L Erie c_ 17,052,697 14,838,947
39,501
Raquette Lake_
41,028
3,339,834 3,102,433
Rutland c
625,748
St Law & Adir_ _
583,786
Tol & Ohio Cen c 5,089,986 3,940,889
487,138
478,213
Zanesv.& West.
NYNH & Hartf_ 61,977,822 57,777,898
N Y Ont & West_c 9,106,924 8,399,229
3,417,432
N Y Susq & W_c_ _
3,618,051
2,814,849 2,584,784
Norfolk South __ _
Norfolk & West_c_ 36,228,574 31,956,442
y434,549
y537,971
Northern Alabama
Northern Pacific_ 70,932,666 70,887,281
3,306,887 3,064,726
Northwest Pacific_
17,721
1,635,600
Oregon & Wash _ _ _
Penna-Lines East of Pitts
Penna RR
164,340,590 153,567,090
Balto & Sp Pt
y124,715
03.955
252,851
269,320
Balto Ches & Atl
406,804
387,592
Cornwall & Leb_
Cumb Valley__ _
3,128,258 2,668,941
Long Island_c_ 10,539,054 9,808,589
Louisv BridgeCo
315,766
281,475
Md Del & Va__ _
129,244
120,238
N Y Phil & Nor! 3,466,616 3,163,263
Northern Cent.c. 12,923,648 12,378.648
Phila. Bait & W.c 19,099,349 17,621,049
17,363
20,470
Rosslyn Connect
UnionRRof Balt 1,561,953 1,312,721
W Jer & Seash.c. 6,368,258 5,765,958
Lines W of Pitts
Lines dtr op (2).c 95,039,841 84,013,141
928,010
997,614
Cin & Musking_
444,369
351.839
Cin Lab & Nor_
2,665.210 2,240,198
Ciev Akr & Col_
5,148,994 4,861,449
Gr Rap & Ind_ _
1,253,622 1,111,051
Tol Peo & W.c_ _
10,528,374 9,136,286
Vandalla
128,746
143,510
Waynesb &Wash
38,729
43,928
Wheeling Term
y752,016
y829,471
Peoria & Pekin Un
Pere Marquette c_ 16,244,664 15,210,420
495,346
642,506
Perkiomen
Pitts Shaw & Nor_ y1,200,042
y881,384
Phila & Reading.c 46,201,852 42,250,346
Port Reading... y1,111,132 y1,017,298
y763,827
y757,445
Quincy Om & K C
Rich Fred & Pot.. y2,218,065 y1,971,391
506,999
618,503
Rio Grande Sou.c_
Rock Isl (4 rds).c_ 68,007,719 64,037,268
1,573,635
St Jos & Cr IsI'd.c 1,692,415
St L & S F (3) .c_ 54,626,872 50,814,066
1,448,122
1,810,573
St L Brown & Mex
1,845.667 1,533,069
St L Men Bdge Ter
St Louis S W (2).c 11,649,984 10,584,303
y442,173
y532,070
St Paul & Des Mot
San Ant dc Aran P y3,827,099 y3,466,742
SanPedLA&SL y5,342,352 y7,423,412
Seaboard Air L.c.. 20,864,728 18,776,919
671,331
849,371
South Buffalo_ _ _ _
Southern Ry.c_ _ _ _ 59,109,570 54,366,745
Southern Indiana_ y1,466,285 y1,176,540
935,951
Sou By In Miss... 1,084,180
Sou Pacific (10).c_ 136,208,346 127,692,744
y701,719
Spokane Internat. y1,040,172
Spok Port & Seat_ y3,990,261 y2,316,353
Spok & Int Empire y1,064,862 y1,047,653
y654,340
y706,309
Staten Isi!R T.
428,158
929,976
Sunset
988,695
Syrac Bing & N Y. 1,070,232
p386,447
p580,999
Tacoma Eastern_ _
1,418,518
Tennessee Central. 1,427,085
Term Assn of St L. 2,685,218 2,505,867
Texas & Pacific _ _ _ 16,375,805 14,960,652
Trinity & Braz V. y1,811,596 1,746,872
792,342
818,635
Tonop & Goldfields
3,787,928 3,598,274
Tel St L & West.c_
Ulster & Delaware y1,110,168 p1,036,005
Union Pac(3 rds).c 92,202,670 83,961,212
Union RR (of Pa). 3,792,476 3,598,285
Vicks Shrev & Pace 1,512,998 1,426,882
1,117,904
1,256,981
Virginia & S W.c_ _
29.826,570 27.439.595
Wabash _c
y665,058
y634,226
Wabash Pitts Ter_
p915,213
Wash Southern_ _ _ y1,018,035
_
5,805,942
Wheeling & L E. V6,473,421
y671,867
y213,026
WW1 Falls & N W
644,864
667,800
Wilkes-Barre & E.
Western Maryland y6,866,739 y5,768,983
Yazoo dc Miss Val. 10,631,980 10,002,427
37,993,214 34,765,203
284 minor roads
Mileage.
1910.
1909.
$
+127,040
+308,100
+164,318
-70,727
+1,193.886
+144,446
+500,083
+127,086
+130,825
+202,420
+2,661,192
+4,230,759
+968,086
+269,581
+81.558
+650,369
+61,278
+642.227
+150,496
+355,427
+236.025
+6,736,617
+516,355
+17,157
+116,586
+2,765,264
-31,926
+17,063
-6,041
+532.806
+8,871
+79,562
+469.336
+8,623
+4,309,214
+36.814
+2,279,349
-27
+1,162,670
+509,212
+2,213,750
-1,527
+237.401
4 41,962
+1,149,097
-8.925
+4,199,924
+707,695
+200,619
+230,065
+4,272,132
+103,422
+45,385
+242.161
+1,617,879
199
932
324
127
3,572
177
1,027
164
65
365
3,381
7,235
1,114
65
6
1,230
48
276
165
195
403
3,587
650
55
247
1,982
43
91
2
113
43
88
886
14
1,662
3
1,746
2
561
351
191
24
468
65
444
90
2,041
545
152
602
1,951
112
6,018
376
244
218
932
324
126
3,424
177
1,027
164
65
365
3,072
6,493
1,114
65
6
1,230
48
276
165
195
403
3,587
662
55
247
1,982
52
91
2
105
43
88
886
14
1,662
3
1,746
2
558
351
191
24
468
85
444
90
2,045
545
151
593
1.942
112
5.838
375
6
+10,773,500
+50,760
+16,469
-19,212
+459,307
+730,465
+34,291
4 9,006
+303,353
+545,000
+1,478,300
-3,107
+249,232
+602,300
3,970
5
88
26
162
389
3
84
112
470
717
3
9
353
4,017
5
88
26
162
391
3
84
112
466
716
$
9
355
+11,026,700
+69,604
+92,530
+425,012
+287,545
+142,571
+1,392,088
+14,764
+5,199
+77,455
+1,034,244
+147,160
+318,658
+3,951,506
+93,834
+6,382
+246,674
+111,504
+3,970,451
+118,780
+3,812,806
4 362,451
+312.598
+1,065,681
+89,897
+360,357
-2,081,060
+2,087,809
+178,040
+4,742,825
+289,745
+148,229
+8,515,602
+338,453
+1,673,908
+17,209
+51,969
+501,818
+83,537
+194,552
4 8,567
+179,351
+1,415,153
+64,724
+26,293
+189.654
4-74,163
+8.241,458
+194,191
+86,116,
+139,0771
+2,386,975'
4-30,832
+102,822
+667,479
+458,841
-22,936
+1,097,756
+629,553
+3,228,011
2,883
146
45
212
588
248
827
28
10
18
2,337
38
240
1.022
21
262
83
180
8,024
319
6,154
501
9
1 471
121
724
1,105
2,995
35
7,039
237
281
9,891
141
433
177
11
57
81
92
294
34
1,885
463
110
451
129
6,661
31
171
242
2,514
63
36
458
211
92
543
1,372
10,613
2,838
146
45
210
588
248
827
28
10
18
2,330
38
241
1,024
21
262
83
180
8,034
319
6,038
456
9
1,469
121
724
1,105
2,997
35
7,050
237
281
9,763
141
420
168
11
57
81
88
292
34
1,885
455
109
451
129
6,359
31
171
188
2,514
63
36
458
113
92
543
1,371
10,288
Grand tot.(529rds) 2825246 281 2595755 835 +229,490.446231,447 227.160
Net !no (8.84%) _
1
(These'figures are furnished by the company.
iThese figures are for ten months only In 'both years.
y_These:figures are for eleven monthslonly.
358
THE CHRONICLE
Trust
Tompang
Lxxxxii.
.
turns.
NEW YORK, BROOKLYN, BOSTON, PHILADELPHIA AND ST. LOUIS.
We furnish below complete comparative statements of the condition of all the trust companies in Boston,
Philadelphia, New York, Brooklyn and St. Louis. This is in continuation of a practice begun some nine years
ago. The statements occupy altogether sixteen pages.
The dates selected for comparison are December 31 1910, December 31 1909 and December 31 1908.
In the ease of the Boston, the Philadelphia and the St. Louis companies, we have sought to get figures for
the same dates and have quite largely succeeded. As, however, no returns for those dates are required by
the State authorities, several of the Boston companies and a number of the Philadelphia and St. Louis companies have not found it convenient to compile statistics for December 31, but have furnished instead the
latest complete figures available.
NEW YORK COMPANIES.
Astor Trust Co.(New York).
Broadway Trust Co.(New York).
ResourcesJan. 1 1011. Jan. 1 1910. Jan. 1 1909,
Stocks and bond investments:
Public securities (market value)._ $1,418,218 $1,420,994 $1,317,735
Other securities (market value)... 4,094,794
5,074,646
4,319,404
Loaned on collateral
4,032,445
5,231,665
5,108,041
Other .loans
379,600
264,900
161,500
Bills purchased
2,707,345
1,073,100
781,541
Overdrafts
8,644
7,989
10,381
Due from approved res. depositories..
1,570,555
Due from trust cos., bks. & bankers. 1,992,189
1,034,949
24,374
Specie
1,595,419
1,858,301
816,502
Legal-tender notes do bills of nat. bks.
50,000
150,000
555,000
Cash items
10,008
21.628
18,871
Other assets, accrued interest
127,006
63,964
66,798
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$51,700
$128,122
$435,500
Stock and bond investments:
Public securities (market value)._
562,343
656,555
341,487
Other securities (market value)_ _ _
168,860
172,120
131,601
Loaned on collateral
1,110,991
1,153,655
1,001,617
Bills purchased
1,879,827
1,913,489
1,128,066
Overdrafts
270
284
775
Due from approved res. depositories_ 1,087,574
880,528
852,172
Due from trust cos., bks. & bankers_
306,548
153,921
158.191
Specie
309,677
315,892
50,000
Legal-tender notes & bills of nat. bks.
140,600
153,208
302,933
Cosh items
37,005
9,693
11,106
Other assets
41,644
37,665
40,614
$17,316,551 $16,002,228 $14,550,762
Total
Capital stock
$1,250,000
Surplus fund (market value)
914,634
Reserved for taxes
7,999
Deposits subject to check
10,796,864
Demand certfs. of dep. (not pref.)._
162,222
Time certfs. of deposit (not pref.)
payable after 30 days
1,809,655
Other certfs. of deposit (not pref.) _ _
257,847
Due trust cos., banks and bankers_
425,166
Due savings banks
687,752
Due as executor, administrator, &o.._
1,151
Trust dep.&dep.sec.by N.Y.bds.(pref.) 148,270
Certified checks
486,126
Officers' checks outstanding
322,114
Other liabilities, accrued interest_ _
46,950
$1,250,000
813,920
7,953
11,330,160
183,121
$1,250,000
538,383
7,715
10,502,633
216,616
1,085,151
199,514
555,356
470,969
765
70,000
225,295
39,957
693,437
565,859
1,420
495,227
35,308
14,220
Total
$17,316,544 $16,002,226 $14,550,762
•Supplementary-For Cal. Year1908.
1900.
1910.
Total int. de comm. rec'd during year $736,080
$601.175
$549,034
All other profits received during year
250,000
50,031
33,788
Charged to profit and loss
On account of depreciation
20,000
On account of other losses
342
59
8,398
Int. credited to depositors during year
354,432
339,237
284,974
Expenses during year, exclud. taxes..
143,039
130,426
136,486
Amt. of divs. declared on capital stk..
100,000
75,000
Taxes paid during the year
22,448
17,545
15,000
Amt. deposits on which int. Is allowed 12,286,200 12,141,000 10,533,300
Bankers'Trust Co.(New York).
Total
$5,771,261
Total
Supplementary-For Cal. Year
Total int, de comm. reo'd during year
All other profits received during year
Charged to profit and loss
On account of depreciation
On account of other losses
Int. credited to depositors during year
Expenses during year, exclud. taxes..
Amt. of divs. declared on capital stk
Taxes paid during the year
Amt. deposits on which int. is allowed
$5,480,920
$4,454,062
.$700,000
440,219
87
3,000
3,994,303
54,642
$700,000
436,465
22
3,000
3,904,729
104,793
$700,000
400,379
2,940,992
135,652
82,050
359,738
4,928
189,801
152,611
60,873
54,589
21,138
20,822
52,918
24,287
41,248
18,751
40,499
30,914
28,622
15,093
$5,771,267
LüzbSLitiesCapital stock
Surplus fund (market value)
Unpaid dividends
Reserved for taxes
Deposits subject to check
Demand certfs. of deposit (not pref.)Time certfs. of deposit (not pref.)
payable after 30 days
Other certfs. of deposit (not pref.) _ _
Due trust cos., banks and bankers_ _
Due sav.ngs banks & savings & loan
associations
Due as executor, administrator, dco.._
Certified checks
Other liabilities
$5,480,920
$4,454,062
1910.
$202,614
8,603
1909.
$192,215
10,321
1908.
$139,250
15,048
(?)
(1)
64,460
77,337
42,000
11,360
(?)
1,261
6,563
53,805
65,529
10,500
10,973
3,781,800
9,300
9,378
41,808
64,891
10,818
3,041,600
Central Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
ResourcesJan.1 1911.Jan. 1 1910. Jan. 11900.
,
Stock and bond investments:
Bonds
$1,147,868 $1,079,547
Public securities (market value)__ _ $3,892,680 $3,542,412 $2,938,910 Stock and mortgages
$216,529
and bond investments:
Other securities (market value)... 12,444,870 10,213,238
7,930,087
Public securities (market value)_
2,450,621
3,497,712
2,066,875
Loaned on collateral
32,912,453 29,883,254 23,344,340
Other securities (market ,value)
22,018,287 21,167,745 31,850,005
Other loans
787,075
155,190
215,350 Loaned on collateral
42,319,122 62,454,196 36,328,105
Bills purchased
2,515,886
4,954,635
438,658 Other loans
129,0001
834,148
544,500
Real estate
256,157
1,149,049
Bills purchased
2,059,891f
Due from approved res. depositories.. 3,936,993
2,648,134
2,848,791 Real estate
988,830
984,973
985,412
Due from trust cos., bks. & bankers_ 4,751,078
292,646
93.226 Due from approved res've depositories 6,950,027
8,785,008 21,123,962
Specie
4,457,873
4.228,768
2,312,395 Specie
8,870,082 11,034,904
Legal tender notes & bills of nat. bks. 2,145,065
9,023,607
2,073,700
1,505,450 Legal tender notes & bills of nat. bks_
26,500
21,020
Other assets
5,600
485,005
209,618
180,966 Other assets
527,975
692,389
222,437
Total
$71,916,776 $56,018,801 $41,808,173
Liabilities
Capital stock
$3,000,000 $3,000,000 $1,000,000
Surplus fund (market value)
6,672,190
6,243,614
1,707,672
Unpaid dividends
120,000
120,000
40,000
Reserved for taxes
40,639
27,673
13,672
Deposits subject to check
34,670,075 31,356,280 26,048,628
Demand certfs. of deposit (not pref.) 1,441,519
1,173,618
1,294,200
Time certfs. of deposit (not pref.)
payable after 30 days
7,751,500
530,009
441,242
Other certfs. of deposit (not pref.) _ _
941,421
517,784
122,618
Due trust cos., banks and bankers.._ 9,108,483
7,844,922 10,130,434
Due savings banks
1,066,094
352,278
323,884
Due as executor, administrator, &o
3,733,828
4,309,121
571,907
Trust dep.&dep.sec.by.N.Y.bds.(pref.) 3,300,953
518,526
88,759
Other liabilities, accrued interest_
70,074
24,970
25,067
Total
$87.484,203$110,552,542$102,367,032
Liabilities
Capital stock
$3,000,000 $3,000,000 $1,000,000
Surplus fund (market value)
16,202,378 15,942,745 15,449,282
Reserved for taxes
85,890
94,673
73,000
Deposits subject to cheek
60,804,219 79,228,083 74,380,789
Demand certfs. of deposit (not pref.) _ 2,446,430
852,261
3,903,451
Time otfs. of dep.lpay. within 30 days
2,732,000
(not pref.) _ _ _ _Spay. after 30 days_ 1,708,240
4,770,141
2,819,000
Due trust cos., banks and bankers..
1,560,231
1,886,021
3,030,443
Due savings banks
101,788
78,469
76,167
Due as executor, administrator, &c
1,222,231
1,847,751
1,530,489
Other liabilities
352,789
120,398
95,411
Total
$87,484.200$110,552,542$102,387,032
Supplementary-For Cal. Year1910.
1908.
1909.
$71,916,776 $58,018,795 $41,808,173 Total int. de comm. rec'd during year
$4,067,769 $4,880,351 $3,193,424
All other profits received during year
Supplementary-For Cal. Year159,418
1,538,070
1910.
510,942
1909.
1908.
Charged to profit and loss
Total int. de comm. rec'd during year $3,238,940 $1,894,058
$1,325,107
On account of depreciation
(?)
All other profits received during year
28,982
1,105,475
Interest credited to depositors during
Charged to profit and loss
year
1,958,801
2,259,178
On account of depreciation
1,494,885
100,000 Expenses during year, excluding
On account of other losses
2,804
14,808
taxes
435,654
Int. credited to depositors during year 1,693,469
314,831
335,454
1,060,386
743,333 Amount of dividends declared on
Expenses during year. exclud. taxes..
404,925
385,624
capital stock
249,119
1,350,000
3,160,000
Amt. of divs. declared on capital stk.
800,000
480,000
740,000
180,000 Taxes paid during the year
217,600
Taxes paid during the year
172,742
170,328
71,034
Amt. deposits on which int. is allowed 60,120,000 45,081,900 37,512,000 Amount of deposits on which interest
is allowed
(1)
66,606,088 73,309,073
.
Total
FEB. ii 1911.]
THE CIIRONICLE
Columbia Trust Co.(New York.).
Resources
-an.
1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$1,279,905 $1,268,992
$415,725
Stock and bond investments:
Public securities (market value) _ _ _ 1,373,966
2,015,278
1,709,674
Other securities (market value) _ _ _ 2,974,161
4,024,001
2,202,979
Loaned on collateral
4,162,197
7.066,491
6,604,964
Bills purchased
1,013,089
1,188,900
530,750
Duo from approved res'vc depositories
771,176
1,215,711
774,443
Due from trust cos., bks. & bankers_
73,500
22,049
17,761
Specie
854,222
1,623,804
1,551,641
Legal-tender notes & bills of nat. bks.
230,000
70,000
80,000
Other assets, accrued interest
144,097
125,488
139,586
Total
$16,517,816 $15,322,058 $13,684,676
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
1,691,108
1,541,007
1,311,259
Reserved for taxes
11,190
14,247
9,453
Deposits subject to check
9,907,334
9,164,334
6,956,513
Demand certfs. of deposit (not pref.)
341,195
302,426
178,341
Time certfs. of deposit (not pref.)
1,225,970
payable after 30 days
1,052,557
1,040,972
531,124
Other certfs. of deposit (not pref.) _ _ _
63,737
17,200
938,803
Due trust cos., banks & bankers.. _
1,083,778
2,058,532
Due savings banks, loan ass'ns, &o
28,335
781
7,405
Due as executor, administrator, &c
81,891
16,152
14,367
Trust dep.&dep.see.by N.Y.bds.(pref.) 566,693
461,892
756,521
Certified cheeks
179,213
602,111
322,580
Other liabilities, accrued interest
14,960
19,036
11,533
Total
$16,517,816 $15,322,058 $13,684,676
Supplementary-For Cal. Year
-1910.
Total int. & comm. rec'd during year
$697,991
All other profits received during year_
151 254
Charged to profit and loss
On account of depreciation
26,259
On account of other losses
134
Int. credited to depositors during year
34,356
Expenses during year, exclud. taxes..
122,461
Amt.of divs. declared on capital stock
80,000
Taxes paid during the year
20,602
Amt. deposits on which int. is allowed 13,167,000
1909.
$652,448
241,489
1908.
$446,280
164,104
61,892
11,954
334,581
117,100
80,000
13,056
11,809,835
175,329
9,274
195,816
111,379
21,173
10,723,819
Commercial Trust Co.(New York).
Resources
-Jan.1911. Jan. 1 1910. Jan. 1 1909.
1
Bonds and mortgages
$83,576
$13,000
$38,000
Stock and bond investments:
Public securities (market value)-- (359.463
684,775
618,030
Other securities (market value)-- 245,750
142,200
143,770
Loaned on collateral
884,607
1.415,003
1,321,542
Other loans
89,922
111,025
485,568
Bills purchased
2,055,804
2,211,301
1,615,466
Overdrafts
8,851
5,856
2,229
Real estate
17,000
Duo from trust cos., bks. & bankers..
436,751
895,415
730,694
Specie
366,029
463,856
317,026
Legal-tender notes de bills of nat. bks.
77,100
115,964
86,694
Cash items
160,558
18,090
29,754
Other assets
106,481
99,806
102,104
Total
$5,191,892
Liabilities
Capital stock
$500,000
Surplus fund (market value)
200,128
Reserved for taxes
2,400
Deposits (subject to check)
3,776,349
Demand certfs. of deposit (not pref.)
91,724
Time certfs. of deposit (not pref.)
payable after 30 days
182,220
Due trust Cos.. banks and bankers_ _ _
273,122
Due as executor, administrator, &c_
4,533
Trust dep.&dep.see.by N.Y.bds.(pref.) 133,095
Certified checks
12,737
Other liabilities
15,584
Total
Supplementary-For Cat. YearTotal int. & comm. rec'd during year
All other profits received during year
Charged to profit & loss
On account of depreciation
On account of other losses
Int. credited to depositors during year
Expenses during year, includ. taxes_ _
Taxes paid during the year
Amt. deposits on which int. Is allowed
$6,156,291
$5,490,877
$500,000
284,484
1,309
4,209,741
73,076
$500,000
309,013
5,600
4,223,395
68,089
408,233
436,398
10,705
80,000
48,342
14,003
24,382
205,517
4,830
100,000
34,833
15,218
$5,191,892
$6,156,291
$5,490,877
1910.
$227,446
18,351
1909.
$241,703
14,029
1908.
$203,751
2,861
359
Empire Trust Co.(New York)
-Concluded.
Liabilities
-Jan.1911, Jan.1 1910. Jan. 1 1909
1
Capital stock
$1,000.000 $1,000,000 • $1,000.000
Surplus fund (market value)
1,146,863
1,098,235 • 1.020.980
Unpaid dividends
t. 5,927 •
50,000 • •
30,323
Reserved for taxes
10,157
8,657 •
10,230
Deposits subject to check
12,327 340 10,306 596- 7,880,649
Demand ctfs. of deposit, not pref_ _
291,382 • 599,028 •
231,453
Time ctfs. of deposit (not pref.) payable after 30 days
1,553,862
1,807,346
422,387
Due trust co's, banks & bankers_ __ _ 2,496,428
2,706,776
3,388,269
Due savings banks
1,288,835
1,137,659
833,917
Due as executor, administrator, doe_ _
1,384
Dep. o. by State of N. Y. bds.(pref.)
500,000
300,000
300,000
Certified checks
1,582,392
650,290
368,806
Other liabilities
86,962
12,454
Total
$22,290,148 $19,677.041 $15,488,398
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm.rec'd during year. $737,100
$681,000
$507,500
All other profits received during year..
136,600
123,000
36,500
Charged to profit and loss
On account of depreciation
6,000
8,000
24,500
On account of other losses
___
62,300
31,700
26,500
Int. credited to depositors during year
433,700
418,300
270,800
Expenses during year, exclud. taxes_
170,100
158,700
143,700
Amt. of divs. declared on capital stk_
100,000
90,000
50.000
Taxes paid during the year
26,000
7,290
15,989
Amt. deposits on which int. is allowed 15,000,000 14,852,000 11.525,000
*Equitable Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 1 1910...Tan.1 1909.
Bonds and mortgages
$3,133,000 $2,719,000 $2,538,000
.
Stock and bond investments:
Public securities (market value)
1,619,823
1,547,194
776,671
Other securities (market value).__ 15.903,391 15,481,549 10,592,060
Loaned on collateral
17,500,876 32,770,530 17,979,985
Other loans
175,000
154,333
151,750
Bills purchased
182,833
89,550
3.664
Overdrafts
1,614
217
Real estate
116,472
119,970
83,266
Due from approved res've depositories 2,939.641
3,580,183
2,557,440
Due from trust co's, banks & bankers 4,118,796
4,856,140
370,500
Specie
2,757,045
3,071,672
1,927,405
Legal-tender notes & bills of nat. bks_
420,210
495,065
85,300
Cash items
79,682
29,503
.Other assets
380,832
440,060
222,503
Total
$49,329,219 $65,354,966 $37,288,544
Liabilities
Capital stock
$3,000,000 $3,000,000 $3,000,000
Surplus fund (market value)
11,079,371 11,054,360 10,926,892
Unpaid dividends
65,086
121,175
75,375
Reserved for taxes
80,875
84,439
77,303
Deposits subject to check
20,113,649 19,125,690 13,238,725
Demand ctfs. of deposit (not pref.)
361,017
350,075
1.039,542
Time ctfs. of deposit (not pref.) payable after 30 days
5,602,267
8,696,587
3,380,386
Other Ws. of dep. (not pref.)
1,633,512
34,600
5,000
Due trust co's, banks & bankers_
6,269,577
6,430,438
3,167,577
Due savings banks, loan ass'ns, &c
1,194,967
794,510
478.569
Due as executor, administrator, &c.._
1,233,823
584,744
882,122
Trust dep. not pay. within 30 days
379,000 11,265.193
298,395
Dep.see. by State of N. Y. bds.(pref.)
205,000
Certified checks
700,423
975.690
634.694
Other liabilities
59.100
83.964
189,017
Total
$49,329,219 $65,354,966 $37,288,544
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm.rec'd during year_ $2,210,391 $2,048,769 $1,362,280
All other profits received during year
179,829
638,639
533,854
Charged to profit and loss
On account of depreciation
(?)
On account of other losses
(1)
271,998
197,759
Int. credited to depositors during year 1,014,050
1,003,614
424,938
Expenses during year, exclud. taxes_
328,318
298,396
195,529
Amt. of divs. declared on capital stk_
720,000
570,000
a540,000
Taxes paid during the year
146,563
163,389
131,166
Amt. deposits on which int. is allowed
46,819,510 21,324,794
(?)
• Equitable and Bowling Green Trust companies consolidated in March
1909 under name of Equitable Trust Co. a Including deferred divs. paid
after abandonment of proposition for merger with Mercantile Trust Co.
Farmers' Loan 86 Trust Co.(New York).
Resources-Jan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$3,653,943 $2,139,367 $3,204,010
Stock and bond investments:
40,801
(1)
Public securities (market value)
10,074,495
6,587,060
6,123,910
2,393
(?)
8,808
Other securities (market value)
21,057.668 22,028,328 14,614,586
66,184
73,029
64,646 Loaned on collateral
53,212,799 62,646,236 61,473,608
132,613
129,796
122,519 Other loans
2,584,787
2,390,554
2,523,634
14,890
15,501
7,953
256,461
2,604,500
(?)
2,442,700 Overdrafts, secured
Real estate
3,269,185
3,093,442
2,396,432
Due from approved res've depositories 6,959,468
9,500,045 21,043,795
Commonwealth Trust Co.(New York).
Due from trust co's, banks & bankers 9,048,856
3,289,784
8,242,228
Specie
12,753,503 13,350,832 12,080,404
Jan. 1 1911 jan. 1 1910 Jan. 1 1909 Legal-tender notes 6: bills of nat. bks.
Resources114,000
270,000
25,500
Other assets
904,312
835.607
509,496
Stock and bond investments:
Public securities (market value) _ _ _
$376,000
$419,000
Total
$350,100
$123,889,477 $126,131,255 $132,237,603
Other securities (market value) ___
110,730
Liabilities
220,606
171,964
Due from approved res've depositories
116.518
8,474
91,154 Capital stock
$1,000,000 $1,000,000 $1,000,000
Due from trust co's, banks & bankers
10,000
5,000
9,000 Surplus fund (market value)
6,033,004
7,116,561
7,027,943
Specie
130
173
127 Unpaid dividends
86
86
586
-tender notes & bills of nat. bks_
Legal
Reserved for taxes
130
100
51,000
Other assets, accrued interest
4,137
2,568
2,101 Deposits subject to check
84,722,693 82,665,986 90,714,128
Time ctfs. of deposit (not pref.) payTotal
$617,845
able after 30 days
$655,921
11,649,406 12,184,786
$624,446
3,554,858
Other ctfs. of deposit (not pref.) _
3,144,506
5,411,347
9,193,643
Due trust co's, banks & bankers_ __ _ 8,967,048
7,773.279 10.060,280
Capital stock
$250,000
4,062,206
4,492,000
$250,000
$250,000 Due say. bks., say. & loan ass'ns
4,150,864
Surplus fund (market value)
2,465,516
367,269
3,266,239
405,432
373,956 Trust dep. not pay. within 30 days
4,705,611
Deposits subject to check
434
864,235
476
477 Due as executor, administrator. &c_
Certified checks
Other deposits
129
492,976
1,799,172
1,356,572
Other liabilities
13
436,701
421.799
463,118
12
13 Other liabilities, accrued interest_ __ _
Total
$123,889,477 $126,131,255 $132,237,603
$617,845
Total
$655,921
$624,446
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm.rec'd during year $4,444,606 $4,585,386 $3,906,021
Supplementary-For Cal. Year
1910.
1909.
1008.
All other profits received during year_
43,132
338,460
99,115
$16,514
Total int. & comm.reo'd during year _
$15,177
$13,179 Charged to profit and loss
106,310
All other profits received during year_
300
146,101
On account of depreciation
29,518
1,001.600
(?)
Charged to profit & loss, acct. deprec_
(?)
106
On account of other losses
260,774
(?)
Expenses during year, exclud. taxes..
39,181
28,132
19,382 Int. credited to depositors during year 3,224,474
3,563,576
2,997.777
Taxes paid during the year
2,550
2,860
3,986 Expenses during year, exclud. taxes_
524.995
586,016
446,242
Amt. of(Mrs. declared on capital stk_
500,000
400,000
400,000
Taxes paid during year
183,286
Empire Trust Co.(New York).
108.307
109,829
Amt. deposits on which int, is allowed
(?)
111.841,663 119,569,287
ResourcesJan. 1 1911. Jan. 11910. Jan. 11909,
Fidelity Trust Co.(New York).
Bonds and mortgages
$516,500
$767,368
$754,368
Stock and bond investments:
ResourcesJan. 1 1911. Jan. 1 1910. Jan.1 1909.
Publio securities (market value) __ _ 1,048,740
753,033
586,868 Bonds and mortgages
$604,000
$392,600
$344,500
Other securities (market value)-.... 1,565,486
748,052
1,055,915 Stock and bond investments:
Loaned on collateral
8,746,443
8,951,608
Public securities (market value) __ _
6,875,832
174.725
437,050
489,500
Bills purchased
2,820,942
2,532,495
Other securities (market value) .
1,510,659
835,638
658,370
443,384
Overdrafts
29
46
2,073 Loaned on collateral
1,651,831
2,316,255
1,350,227
Real estate
40,890
Bills purchased
3,427,497
2,895,966
2,669,246
Due from approved res've depositories 4,202,018
2,396,501
2,031,623 Due from approved res've depositories
951,096
569,613
769,417
Due from trust co's, banks dc bankers 1,305,178
1,723,352
1,590,860 Due from trust co's, banks & bankers
307,872
235,299
257,775
Specie
1,804,933
1,534,614
838,709 Specie
554,211
501,807
401,115
Legal-tender notes & bills of nat. bks_
69,620
30,000
notes & bills of nat. bks.
10,000 Legal-tender
234,580
237,306
88,721
Cash items
18,498
16,087
Cash items
1,408
6,618
1,809
Other assets
221,474
153,282
231,491 Other assets
45,042
46,754
50,208
Total
$22,290,148 $19,677,041 $15,488,398
Total
$8,787,900 $8,320,114 $6,843,426
THE CHRONICLE
360
[VoL. Lxxxxir.
-Concluded.
Fidelity Trust Co.(New York)
Guardian Trust Co.(New York).
Jan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Liabilities$750,000
$750,000
$750,000
Capital stock
961,094
921,484
883,040
Surplus fund (market value)
25,818
30,000
22,500
Unpaid dividends
9,766
7,747
8,981
Reserved for taxes
5,463,819
5,381,560
4,233,553
Deposits subject to check
21,216
29,718
10,535
Demand ctfs. of deposit (not pref.)- Time ctfs. of deposit (not pref.) pay540,415
505,995
15,257
able after 30 days
196,620
84,437
55,176
Other ctfs. of deposit (not pref.) _ _
397,975
361,092
582,557
Due trust co's, banks and bankers__ _
387,313
238,858
278,252
Due savings banks
982
969
2,217
Due as executor, administrator, &c.._
32,882
7,020
2,592
Other liabilities
ResourcesJan.1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$503,600
$350,130
$301,750
Stock and bond investments:
Public securities (market value) _ _ _
125,078
255,955
265,912
Ottur securities (market value)._ _
179,573
229,300
696,087
Loaned on collateral
1,737,772
2,399,052
1,664,565
Bills purchased
768,787
734,533
750,728
Overdrafts
39
11
Real estate
22,000
22,000
22,000
Due from approved res've depositories
566,572
997,854
848,234
Due from trust cos., bks. & bankers_
301,563
319,521
405,586
Specie
106,509
144,664
134,443
Legal-tender notes 4% bills of nat. bks.
303,000
345,000
190,000
Cash items
14,283
37,187
3,885
Other assets
60,310
57,738
51,302
$8,787,900
Total
Supplementary-For Cal. Year1910.
$362,184
Total int. & comm.rec'd.during year_
15,270
All other profits received during year_
Charged to profit and loss
On account of depreciation
1?)
On account of other losses
(?)
Int. credited to depositors during year
140,118
Expenses during year, exciud. taxes_
98,313
Amt. of divs. declared on capital stk_
60,000
Taxes paid during the year
18,369
Amt.deposits on which int. Is allowed
(?)
$8,320,114
$6,843,426
1909.
$286,345
39,467
1908.
$252,321
56,960
9,886
6,657
107,851
91,917
52,500
16,316
4,859,000
8,117
23,421
89,783
89,932
22,500
15,752
3,533.000
Fulton Trust Co.(New York).
Resources
an. 1 1911. Jan.1 1910. Jan.1 1909.
Bonds and mortgages
$565,500
$572,500
$586,500
Stock and bond investments:
Public securities (market value)._ _
387,057
316,084
404.695
Other securities (market value) _ _ 1,468,577
1,660,141
1,597,322
Loaned on collateral
4,786,483
4,554,753
4,650,154
Bills purchased
68,000
80,000
75,000
51
Overdrafts
2,217
812,421
Due from approved res've depositories 1,021,649
694,946
Due from trust co's, banks & bankers
637,673
814,169
743.024
Specie
140,800
278,750
282,110
Legal-tender notes & bills of nat. bks.
34,548
30,715
38,086
Other assets
$9,061,269 $9,246,457 $8,996,199
Total
Liabilities
$500,000
$500,000
$500,000
Capital stock
806,728
844,004
851,917
Surplus fund (market value)
20
25,000
25.014
Unpaid dividends
6,000
6,000
6,000
Reserved for taxes
6,478,287
6,744,460
6,257,890
Deposits subject to check
766,865
734,327
Demands ctfs. of deposit (not pref.) _
804,438
Time ctfs. of deposit (not pref.) pay160,151
161,382
able after 30 days
146,842
110,234
94,770
75,737
Other ctfs. of deposit (not pref.) _ _
141,847
Trust dep. not pay. within 30 days_ _
81,018
328,375
66,143
Due as executor, administrator, &c_ _
55,476
Other liabilities (div. pay. Jan. 3 '10)
25,000
Total
$9,061,269 $9,246,474 $8,996,199
• SuPplementary-For Cal. Year
1910.
1909.
1008.
Total int. & comm.rec'd during year. $334,648
$324,143
$311,987
All other profits received during year.
33,974
4,804
6,430
Charged to profit & loss, acct. deprec _
2,812
2,412
Charg.to profit&loss,acct. other losses
75
1,298
Int. credited to depositors during year
200,455
189,288
185,750
Expenses during year, exclud. taxes_
66,681
70,147
64,117
Amt. of divs. declared on capital stk_
50,000
50,000
60,000
13,340
Taxes paid during the year
13,953
12,305
7,565,000
7,468,000
Amt. deposits on which int. is allowed 7,470,000
*Guaranty Trust Co.(New York).
Resources'Jan. 1 1911. Jan.1 1910. Jan. 11909.
$483,000
$174,000
Bonds and mortgages
$100,000
Stock and bond investments:
6,365,004
Public securities (market value)_ _ 7,664,906
4,750,237
Other securities (market value) _ _ _ 39,693,342 24,210,200 16,005,979
44,524,227 28,113,244 27,173,616
Loaned on collateral
565,090
Other loans
4,486,470
1,738,935
Bills purchased
3,695,984
4,914
Overdrafts
6,016,473
Due from approved res've depositories 13,154,436
9,825.903
cos., banks & bankers 1,645,152
1,516,200
Due from trust
1,716,036
15,174,528
7,390,788
Specie
5,049,226
985,640
Legal-tender notes & bills of nat. bks.
51,710
59,525
31,756,086
Due from foreign banks & bankers
637,371 13,893,272 10,262,369
Other sundry foreign accounts
6,500,000
Foreign acceptances
979,462
964,770
Other assets
695,781
$168,254,624 $90,434,596 $79,334,656
Total
Liabilities
$5,000,000 $2,000,000 $2,000,000
Capital stock
21,224,197
8,605,151
Surplus fund (market value)
7,736,962
400,452
100,000
Unpaid dividends
100,085
172,748
58,000
Reserved for taxes
45,000
96,087,395 42,459,556 46,099,870
Deposits subject to check
Demand certfs. of deposit (not pref.) 1,020,034
3,630,080
3,993,896
Time certfs. of dep. pay. after 30 days 4,605,205 17,709,608
7,461,143
459,343
Other certfs. of deposit (not pref.) _ _
2,161,700
1,500,000
7,009,022
Due trust cos., banks and bankers_
3,342,549
4,870,791
627,358
Due savings banks
101,997
151,604
8,494,994
Due as executor, administrator, &c
208,810
830,610
Trust dep. not pay. within 30 days
5,521,480
4,441,058
500,000
Trust dep.&dep.seo.by N.Y.bds.(pref.) 343,330
3,776,822
3,823,481
1,677,764
Certified checks
647,691
306,982
Foreign acceptances
10,
008,490
For, accept., comml loan account
6,500,000
Other liabilities
161,501
132,885
114.232
Total
$4,689,086
Liabilities
Capital stock
$500,000
Surplus fund (market value)
537,235
Reserved for taxes
5,500
Deposits subject to check
2,717,736
Demand certfs. of deposit (not pref.) _
63,206
Time cents. of deposit (not pref.)
payable after 30 days
61,173
Other certfs. of deposit (not pref.) _
6,000
Due trust cos., banks & bankers_ _ _ _
636,581
Dep.sec. by State of N. Y. bds.(pref.)
21,000
Due savings banks, says. & loan ass'ns
75,581
Due as executor, administrator, &c
5,736
Certified checks
51,977
Other liabilities
7,361
$5,892,945
$5,334,492
$500,000
512,260
5,100
3,708,786
113,102
$500,000
547,076
5,700
3,311,533
83,346
86,635
20,000
709,627
646,155
36,058
3,655
180,594
8,128
16,725
5,773
148,750
6,934
62,500
Total
$4,689,086 $5,892,945 $5,334,492
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm. rec'd during year $228,040
$217,519
$184,500
24,807
All other profits received during year..
29,885
42,788
Charged to profit and loss
(?)
On account of depreication_ _ ___ _
73,413
45,228
On account of other losses
(?)
9,605
75,699
78,046
Int. credited to depositors during year
81,309
75,919
Expenses during year, exclud. taxes..
92,687
93,869
101,969
Amt. of (lists. declared on capital stk
Taxes paid during year
10,393
9,699
10,855
Amt. deposits on which int. Is allowed
(?)
4,097,024
3,661,000
Hudson Trust Co.(New •York).
Resources
Jan. 1 1911. Jan. 11010. Jan. 11009.
Bonds and mortgages
$167,049
$124,199
$148,534
Stock and bond investments:
Public securities (market value) _ _ _
834,600
874,250
675,650
Other securities (market value)- - 213,313
15,676
140,315
Loaned on collateral
649,229
884,926
1,369,708
Other loans
104,138
91,760
76,458
Bills purchased
1,894,383
851,232
1,244,064
Overdrafts
209
8,707
454
Real estate
15,259
18,241
6,000
Due from approved res've depositories
311,129
Due from trust cos., bks. & bankers_ _
366,619
176,768
496,512
Specie
39,893
133,910
360,922
Legal-tender notes & bills of nat. bks_
355,613
25,000
34,389
Cash items
85,888
71,936
50,103
Other assets
27,280
27,150
19,387
Total
$4,753,563 $4,816,968 $3,420,472
Liabilities
Capital stock
$500,000
$500,000
$500,000
693,085
694,440
Surplus fund (market value)
667,863
15,144
Unpaid dividends
20,273
5,042
Reserved for taxes
5,450
4,792
1,685,773
2,758,325
Deposits subject to check
2,348,886
35,702
Demand certfs. of deposit (not pref.) _
182,770
49,943
Time certfs. of deposit (notpref.)
2,235
payable after 30 days
22,550
34,504
5,072
Other certfs. of deposit (not pref.)
350,157
259,327
285,939
Due trust cos., banks & bankers
11,048
5,748
Due savings and loan associations
22,214
67,915
3,053
Due as executor, administrator, &c.._
100,000
2,700
Trust dep. not pay. within 30 days
304,000
225,000
Deposits scc.by State of N.Y.bds.(pref.) 255,000
1,125
89,002
40,907
Deposits, certified checks, &c
3,203
119,282
113,534
Other liabilities
Total
$4,753,563 $4,816,968 $3,420,472
Supplementary-For Cal. Year1910.
1908.
1909.
$123,996
Total int. & comm. rec'd during year $206,254
$176,655
16,450
3,810
All other profits received during year
30,171
Charged to ptofit and loss
On account of depreciation
(?)17,091
- - .2
9,24
42,456
(?)
On account of other losses
58,993
48,527
24,347
Int,credited to depositors during year
102,054
68,233
60,961
Expenses during year, exclud. taxes.
30,000
15,000
35,000
Amt. of divs. declared on capital stk_
9,038
6,088
8,410
Taxes paid during the year
1,541,100
1,859,281
(?)
Amt. deposits on which int. is allowed
Knickerbocker Trust Co.(New York).
Resources
Jan.1 1911. Jan. 11010. Jan. 11909.
$3,418,946 $3,427,202 $4,122,330
Bonds and mortgages
Stock and bond investments:
623,180
Public securities (market value) _ _ _ 1,181,561
1,140,552
8,852,930
Other securities (market value) _ _ 8,172,889
9.589,182
Loaned on coliaterals
14,808,634 18,887,700 22,432,124
486,707
Other loans
1,086,105
645,472
130,000
Bills purchased
1,316,576
510,000
7,637
Overdrafts
7,448
13,536
2,765,003
3,421,677
Real estate
3,519,344
7,823,729
3,131,795
Due from trust cos., banks & bankers 3,738,977
455,973
Due from approved res've depositories
1,155,237
4,125,562
Specie
3,520,578
501,870
476,954
Legal tender notes & bills of nat.bks.
529,540
914,272
556,333
378,230
Other assets
Total
$41,678,828 $45,925,965 $50,270,992
Liabilities
Capital stock
$3,181,000 $1,200,000 $1,200,000
1,131,917
1,670,226
fund & undiv. profits (mkt.val.) 5,766,766
Total
$168,254,624 $90,434,596 $79,334,656 Sur.
7,706,381 12,770,421
Surplus certificates
57,000
Unpaid dividends
68,193
Supplementary-For Cal. Year1909.
1908.
1910.
20,160
29,352
Reserved for taxes
63,225
Total int. & comm. rec'd during year $5,926,674 $3,071,874 $2,301,694 Deposits subject to check
25,274,501 28,404,883 18,741,856
687,861
All other profits received during year 1,628,326
1,196,514 Demand certificates of deposit
27,348
1,325
30,109
Charged to profit and loss
Time certfs. of deposit (not pref.)
On account of depreciation
178,488
payable after 30 days
1,444,786
857.079 10,883,480
1,019
On account of other losses
764 Other certfs. of deposit (not pref.) _ _
51,402
425,452
695,362
712,099
2,107,256
Int. credited to depositors during year 3,310,818
1,400,530 Due savings banks and loan assoc'ns_
674,224
688,268
879,229
275,307
285,036 Due as executor, administrator, &c
Expenses during year, exclud. taxes..
700,346
1,596,310
1,794,720
1,659,112
400,000
Amt. of divs. declared on capital stk_ 1,600,000
400,000 Due trust cos., banks and bankers_
2,262,328
2,151,341
2,270,862
94,963
Taxes paid during year
85,256 Trust dep. not pay. within 30 days
261,823
29,460
220,569
247,659
Amt. deposits on which int. Is allowed110,655,105 73,089,443 64,257,747 Dep.see.by State of N.Y.bds.(pref.)_
167,988
200,000
Certified checks
5,066
Fifth Avenue Trust Co. and Morton Trust Co. merged in the Guaranty
liabilities
519,801
75,000
52,927
Trust Co. In Jan. 1910. Above figures for Jan. 1 1911 are for the consoli- Other
Total
$41,678,828 $45,925,965 $50,270,992
dated institution. Following are figures for the separate companies for
Supplementary-For Cal. Year
-1910.
preceding years:
1909.
,842
5thAve.Tr.Co. Morton Tr. Co. Total int. & comm. rec'd during year $1,692,725 $1,930,952 $11008,618
All other profits received during year
689,735
202,308
598,536
Capital
$1,000,000
$2,000,000
11910_ _
Charged to profit and loss
2,000,000
11909_ _ 1,000,000
On account of depreciation
598525
1: 18
4,544
Surplus and undivided profits
8,252,774
f 1910 _ _ 1,932,575
On account of other losses
16,817
184,985
7,573,516
'11909-- 1,816,286
1,142,729
Int. credited to depositors during year
925,261
1,364,911
Deposits
33,863,396
f1910_ 17,636,474
318,615
Expenses during year, exclud. taxes_
406,777
412,759
11909_ 14,867,679
36,365,367
280,290
Amt. of divs. declared on caOltal stk_
Total resources
47,216
80,822
11910_ 20,739,994
Taxes paid during the year
23,978
47,714,498
11909._ 17,788,958
Amt.deposits on which int. Is allowed 29,766,792 32 034,022 33,822,891
48,100,256
FEB. 11 1911.)
THE CHRONICLE
361
Lawyer's Title Insurance & Trust Co.(New York).
Manhattan Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$7,426,790 $7,439,879 *6,618,147
Stock and bond investments:
Public securities (market value)
649,069
930,578
608,025
1,628,005
Other securities (market value)
2,475,593
3,328.365
Loaned on collateral
4,880,600
3,913,987
2,384,772
Real estate
3,359,166
3,468,081
3,659,874
Due from approved res've depositories 1,282,851
1,735,348
861,974
Due from trust cos., bks. & bankers
500
500
500
Bills purchased
1,564,215
3,046,821
1,657,602
Specie
956,482
1,182,574
1,129,973
-tender notes & bills of nat. bks_
Legal
183,178
579,970
612,700
1,084
Cash items
607
57
410,557
Other assets
440,803
447,896
ResourcesJan. 11911. Jan. 11910. Jan. 1 1909
Bonds and mortgages
$9,500
$9,500
.
Stock and bond investments:
Public securities (market value)
$1,163,153
1,182,082
1,169,543
Other securities (market value) ___
4,549,743
4,775,485
6,879,954
Loaned on collateral
9,350,879 14,874,191
9,990,752
Overdrafts
2,491
263
Due from approved res've depositories 5,096,760
4,537,023
7,163,750
Due from trust co's, banks & bankers
281,319
240,762
311,294
Specie
1,822,000
2,050,000
3,500,000
Legal tenders and bank notes
3,000
Other assets
55,984
105,718
77,424
Total
$23,974,682 $22,906,090 $21,986,351
Liabilities
Capital stock
$4,000,000 $4,000,000 $4,000,000
6,189,179
Surplus fund (market value)
5,820,370
6,200,985
Unpaid dividends
120,000
120,000
120,000
Reserved for taxes
67.639
58,889
62,639
Deposits subject to check
11,218,639 10,744,136 10,079,905
770,294
Demand certfs. of deposit (not pref.) _
603,726
1,364,449
Time certfs. of dep.Jpay. within 30 days
42,657
I pay. after 30 days
18,285
37,500
(not pref.)
456,752
Due trust cos., banks and bankers_ _ _
Due savings banks and loan associat'ns • 18,961
28,530
46,533
Due as executor, administrator, &c__
250,199
370,226
202,937
Dep.sec.by State of N.Y.bds.(pref.) _
420,000
400,000
Deposits otherwise preferred
222,234
346,321
243,383
Other liabilities
38,772
133,148
41,385
Total
$23,979,682 $22,906,090 $21,986,351
Supplementary-For Cal. Year
1909.
1910.
1908.
Total int. & comm. rec'd during year $871,870
$683,342
$801,298
All other profits received during year 1,540,110
1,662,364
1,338,846
Charged to profit and loss
On account of depreciation
25,500
(9)
On account of other losses
44,495
21,909
(9)
Int. credited to depositors during year
364,644
247,804
372,025
Expenses during year, exclud. taxes_ 1,332,234
1,418,227
1,257,514
Amt. of diva. declared on capital stk_
560,000
480,000
480,000
Taxes paid during the year
160,784
99,146
142,270
Amt. deposits on which int. Is allowed
12,111,038 11,519,986
(9)
Total
$22,325,329 $31,810,918 $25,066,323
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
2,213.956
2,430,706
2,388,025
Reserved for taxes
15,000
16,500
17,000
Deposits subject to check
14,638,846 19,672,765 15,307,651
Demand ctfs. of deposit (not pref.) _ _
248.078
285,610
668,639
Time Mrs. of deposit (not pref.) payable after 30 days
1,250,000
1,374.000
Other ctfs. of deposit (not pref.) _ _
2,401
2,401
315,736
Due trust co's, banks and bankers
2,180,887
4,502,153
3,165,769
Due savings banks
183,540
148,735
112,493
Due as executor, administrator. &o
314,352
783,773
470,229
Dep.sec. by State of N. Y.bds.(pref.)
170,000
135,000
200,000
Certified checks
63,181
11,854
156,846
Outstanding checks
1,430,332
1,240,439
Other liabilities
45,088
16,588
23,996
Total
$22,325,329 $31,810,918 $25,066,323
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm.reo'd during year. $770,774
$797,076
$730,267
38,451
387,277
All other profits received during year_
34,517
93,842
1,569
Charged to profit & loss, acct. depreo_
16,805
411,404
384,934
Int. credited to depositors during year
481,799
176,175
181,808
218,655
Expenses during year, exclud. taxes_
120,000
120,000
120,000
Amt. of divs. declared on capital stk_
23,754
28,147
29,901
Taxes paid during the year
Amt. deposits on which int. Is allowed 12,382,028 21,647,499 17,881.279
Mercantile Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Lincoln Trust Co.(New York).
Bonds and mortgages
$2,225,500 $2,382,500 $2,110,000
Stock and bond investments:
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Public securities (market value)
115,001
50,000
Bonds and mortgages
*1,005,610 $1,071,244
$784,320
Other securities (market value)__ _ 15.040,258 11,357,992 12.303,151
Stock and bond investments:
Loaned on collaterals
30,880,166 44,343,897 36,786,007
Public securities (market value)..
255,000
252,500
274,696 Bills purchased
500,000
Other securities (market value)_ _ _ 1,948,592
2,242,804
2,193,975 Overdrafts
1,251
245
Loaned on collateral
4,512.976
4,718,676
2,806,823 Real estate
18,110
Bills purchased
1,859,788
2,482,898
1,293,563 Due from approved res've depositories 2,615,686
3,671,526
2,873,245
Overdrafts
979
352
244 Due from trust co's. banks & bankers
1,500,000
762,308
500,000
Due from approved res've depositories 1,205,374
1,218,711
1,784,181 Specie
4,186,100
5,442,046
5,335,645
Due from trust co's, banks SG bankers
572,626
596,210
410,903 Legal tenders and bank notes
104,610
12,305
6,355
Specie
1,086,617
1,211.857
701,387 Cash items
232
2,558
2,300
Legal-tender and bank notes
208,450
210,000
204,030 Other assets
302,291
444,860
349,375
Cash items
34,306
33,221
17,696
73,267 .
82,885
Other assets
78,500
Total
$57,880,447 $68,160,076 $60,184.997
Liabilities
$12,763,585 $14,121,358 $10,550,318 Capital stook
Total
$2,000,000 *2,000,000 $2,000,000
Liabilities•
Surplus fund (market value)
7.330,239
7,085,761
7,305,969
$1,000,000 $1,000,000
Capital stock
$750,000 Reserved for taxes
50,000
47,000
47,000
582,167
556,731
Surplus fund (market value)
435,359 Deposits subject to check
28,338,794 24,759.544 30,272,066
4,000
Reserved for taxes
9.116
6,000 Demand offs. of deposit (not pref.) _ _ 1,286,422
1,365,837
1,689,051
7.563,202 Time ctfs. of deposit (not pref.) PayDeposits subject to check
9,176,506 10,087,761
Demand ctfs. of deposit (not pref.)_
641,394
789,719
4,070,814 13,055.426
404,440
able after 30 days
2,330,284
180,667
1,583,678
Time ctfs. of deposit (not pref.) payOther ctfs. of deposit (not pref.) _ __ _
5,838,599
638,842
able after 30 days
56,546 Due trust co's, banks and bankers__ _ 5,122,196
498,561
6,196,565
2,866,655
2,075,837
65,365
Other ctfs. of deposit (not pref.)
66,912
2,879,304
Due say. bks., say. & loan assoo'ns
1,436.988
2,116,333
381,917
374,723
2,779.955
Due trust co's, banks & bankers.._ _
440,553 Due as executor, administrator, &c
5,314,293
4,101,675
3,287,200
385,356
Due say. bks., say. & loan asso'ns_
288,294
407,416 Trust dep., not pay. within 30 olays
2,334.714
978,008
1,353,246
103,674
Due as executor, administrator, &e
238,978
79,563 Certified checks
221,500
343,000
Tr. dep.&dep.sec. by N.Y. bds.(pref.)
43,000
40,000
45,000 Reserve
Certified checks
43,065
25,352
19,846
49,985
101,060 Other liabilities
117,989
Other liabilities
30,903
24,221
42,641
$57,880,447 $68,160,076 $60,184,997
Total
Total
$12,763,585 $14,121,358 $10,550,314
Supplementary-For Cal. Year1908.
1910.
1909.
Supplementary-For Cal. Year1910.
1908.
1909.
Total int. & comm.reo'd during year.. $2,547,463 $2,498,069 $1,987,980
Total int. & comm.reo'd during year_
$508,963
$458,527
$471,045 All other profits received during year..
445,157
505,335
766,291
All other profits received during year_
86,198
103,598
114,104 Charged to profit and loss
Charged to profit and loss
On account of depreciation
100.075
166,735
22,688
On account of depredation
18,631
303,653
386,045
(9)
On account of other losses
89,425
181,505
On account of other losses
21,543
325,427 Int. credited to depositors during year 1,563,644
1,660,859
(9)
1,011,565
Int, credited to depositors during year
259,779
246,983
100,203 Expenses during year, exclud. taxes_
213,180
203.561
189,803
Expenses during year, exclud. taxes_
195,704
192,241
227,655 Amt. of divs. declared on capital stk_
600,000
600,000 b1,100,000
Amt. of divs. declared on capital stk_
101,228
90,620
90,703
Taxes _paid during the year
Taxes paid during the year
13,486
10,659
25,633 Amt. deposits on which Int. is allowed 42,923,000 51,613,000 46,784,000
Amt. deposits on which int. Is allowed
(9)
8,319,000 11,442,000
S Including deferred dividends paid after abandonment of proposition
for merger with Equitable Trust Co.
*Madison Trust Co.(New York).
Jan. 1 1911. Jan. 1 1910. Jan.1 1909.
Resources$1,002,038 $1,401,191 *1,005,719
Bonds and mortgages
Stock and bond investments:
841,212
876,972
.
586,200
Public securities (market value) _ 1,150,454
1,201,775
Other securities (market value) __.. 1,230,166
955,372
1,153,471
2,487,329
Loaned on collateral
2,253.462
2,484,672
1.713,954
Bills purchased
1,590
1,856
Overdrafts
6,834
350,120
130,000
140,000
Real estate
715,526
718,944
965,627
Due from approved res've depositories
218,447
396,780
Due from trust co's, banks & bankers
350,786
513,308
657,686
Specie
415,673
247,679
233,124
675,000
Legal-tender notes & bills of nat. bks.
43,970
244,245
225,816
Cash items
89,629
148,450
196,263
Other assets
Total
$8,498,279
Liabilities
Capital stook
$1,000,000
Surplus fund (market value)
828,102
Unpaid dividends
231
Reserved for taxes
3,500
Deposits subject to check
3,842,868
Demand ctfs. of deposit (not pref.) _ _
93,399
Time ctfs. of dep.ipay. within 30 days
(not pref.) ___ J pay. after 30 days
48,796
Duo trust co's, banks ec bankers_ _ _ _
588,299
145,852
Due savings banks
administrator, dos_ _
158,115
Due as executor,
Deposits withdrawable by pass-books 1,369,853
255,000
Dep.sec. by State of N. Y. bds. (pref.)
37,905
Certified checks
126,359
Other liabilities
$9,591,469
$9,981,592
$1,000,000
1,001,406
10,251
6,000
4,442,416
382,863
1,323,267
88,541
697,702
196,422
$1,000,000
1,257,011
23,310
25,000
4,461.137
281,764
891,178
4,100
1,380,794
97,378
322,000
38,289
84,312
925,000
49,152
85,770
$8.498,279 $9,591,469 $9,981,592
Total
Supplementary-For Cal. Year1910.
1909.
1908.
$316,631
$956,665
$336,874
Total int. & comm.rec'd during year_
17,235
65,887
336,642
All other profits received during year.
Charged to profit and loss
86,136
27,807
On account of depreciation
(9)
'
87,509
On account of other losses
(7)
58,243
168,380
213,404
167,146
Int. credited to depositors during year
169,997
228,067
Expenses during year, exclud. taxes_
178,992
120,000
Amt. of divs. declared on capital stk_
z350,000
17,793
13,807
Taxes paid during the year
24,122
Amt. deposits on which int. Is allowed, ,5
6,779,314
• Formerly the Van Norden Trust Co.; nam'd.changed as above. To be
absorbed by the Equitable Trust Co. See V. 92. p. 90. z $250,000 of this
represents the div. of 25% paid In the shares ot•the Nineteenth Ward Bank.
Metropolitan Trust Co.(New York).
ResourcesJan. 11911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$941,600
$1.013,600
*697,600
Stock and bond investments:
Public securities (market value) __ .. 1,704,070
1,839,100
1,769,075
Other securities (market value)._ 2,906.390
2,629,180
2,548,210
Loaned on collateral
21,108,499 25,648,015 20,186,730
Bills purchased
527,161
807,470
494,352
Real estate
68,203
Due from approved res've depositories 2,746,554
1,989,336
4,333,700
co's, banks & bankers
Due from trust
682,770
698,520
368,020
3,037,014
3,220,082
Specie
2,330,127
12.020
Legal tenders and bank notes
12,100
8.100
Pay'ts in liquidation of Oriental Bank
5,262,255
Adv. to W'msburgh Tr. Co. in liqui'n 1,273,332
469,006
387,705
Other assets
356,760
$35,598,619 $38,173,108 $38,354,929
Total
Liabilities
$2,000,000 $2,000,000 $2,000,000
Capital stock
7,897,337
8,134,210
Surplus fund (market value)
8,001,570
120,174
Unpaid dividends
54,750
54,750
Reserved for taxes and rent
54,750
15,961,696 17,377,548 15,266,468
Deposits subject to check
858,702
778,837
Demand ctfs. of deposit (not pref.) _ _
1,168,493
Time ctfs. of dep. (not pref.) payable
2,246,663
3,729,941
163,402
after 30 days
2,140,245
1,809,491
Due trust co's, banks & bankers
1,855,530
2,411,475
1,942,500
1,562,388
Due savings banks
953,148
1,030,745
Trust dep. not payable within 30 days
756,408
265,000
148,000
Dep.sec. by State of N.Y. bds.(pref.)
375,000
Certified checks
135,051
1,006,824
1,096,930
for liquid'n of Oriental Bank
Reserved
1,500,000
Cash rec'd in liquid'n of Oriental Bank
4,387,826
160,262
Other liabilities
504,375
166,164
$35,548,616 $38,173,108 $38,354,929
Total
Supplementary-For Cal. Year1909.
1910.
1908.
Total int. & comm.reo'd during year $1,489,516 $1,719,957 $1,889.850
24,111
168,032
All other profits received during year..
148,200
Charged to profit and loss
62.091
On account of depreciation
(7)
68,560
213
(t)
On account of other losses
952,119
Int. credited to depositors during year
703,375
704,593
182,417
Expenses during year, exclud. taxes_
175,856
161,558
480,000
480,000
Amt. of ails. declared on capital stk_
600,000
106,116
Taxes paid during the year
96,151
91,658
Amt. deposits on which int. is allowed
25,200,160 19,930,442
(9)
Lxxxxn.
THE CHRONICLE
362
Mutual Alliance Trust Co.(New York).
Savoy Trust Co.(New York).*
Jan.1 1911. Jan. 1 1910. Jan. 1 1909.
Resources$103,675
$277,000
$85,475
Bonds and mortgages
Stock and bond investments:
450,000
700,000
700.000
Public securities (market value)
5,161,310
2,990,972
2,112,852
Loaned on collateral
3,067,840
4,095,052
2,667,443
Other loans and bills purchased
358
2,613
64
Overdrafts
220,000
280,492
247,671
Real estate
1,442,401
1,909,225
Due from approved res've depositories 1,052.858
376,844
490,197
741,035
Due from trust co's, banks,b kers,&c.
836,140
890,837
380,304
Specie
272,560
156,010
738,867
Legal-tender notes & bills of nat. bks.
12,950
46,320
6,366
Cash items
7,342
7,559
22,281
Other assets
89,623.339 $14,210,161
Total
Liabilities
Capital stock
Surplus fund (market value)
Unpaid dividends
Reserved for taxes
Deposits subject to check
Demand ctfs. of deposit (not pref.) _ _
Time ctfs. of dep.(not pref.) payable
after 30 days
Due savings banks
Due trust co's, banks and bankers_ _ _
Due as executor, administrator, &c_ _
Dep. withdrawable by pass
-books__ _
Certified checks
$700,000
413,188
10,500
5,887
6,816,807
117,397
500
20,162
788,702
7,179
641,511
101,506
$8,719,413
$700,000
377,948
$700,000
362,906
7,297
11,063,056
137,329
5,900
6,308,244
56,858
2,300
Supplementary-For Cal. Year
Total Int. & comm.rec'd during year..
All other profits received during year..
Charged to profit and loss
On account of depreciation
On account of other losses
Int. credited to depositors during year
Expenses during year, exclud. taxes_
Amt. of divs. declared on capital stk _
Taxes paid during the year
Amt. deposits on which int. is allowed
998,227
6,113
408,499
278,865
$9,623,339 $14,210,161
Total
1,512,464
3,568
$8,719,413
1910.
$404,743
10,815
1909.
$403,100
4,907
1908.
$258,981
53,644
(?)
(?)
186,339
116,340
10,500
12,992
(?)
8,000
47,879
194,536
117,226
55,665
13,496
95,819
128,646
10,602
10,175,956
10,518
5,474,901
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909.
•
$256,606
Bonds and mortgages
$226,900
$172,900
Stock and bond investments:
156,558
Public securities (market value)_ _ _
280,500
335,735
8,758
Other securities (market value) _
6,158
8,758
123,634
Loaned on collateral
341,057
83,210
Bills purchased
1,013,611
484,010
1,144,045
Overdrafts
401
87
1,447
8,143
Real estate
20,221
17,291
Due from approved res've depositories
400,300
276,473
160,683
19,146
Due from trust cos., banks & bankers
98,644
162,690
39,109
Specie
68,970
80,262
27,320
Legal-tender notes & bills of nat.bks_
103,000
120,000
Cash items
2,902
6,092
Other assets
29,414
32,372
28,897
Total
$2,355,337 $2,431,708
Liabilities
Capital stock
$500,000
$500,000
Surplus fund (market value)
65,164
89,772
Unpaid dividends
Deposits subject to check
1,192,064
1,088,987
9,550
Demand certfs. of deposit (not pref.) _
7,450
24,300
Time certfs. of dep.'pay. within 30 days
jpay.after 30 days
53,500
not pref.)
232,669
675,112
Due trust cos., banks and bankers__ _
54,311
38,594
Due savings banks
50,000
Dep.sec.by State of N.Y.bds.(pref.)_
169,657
Dep. withdrawable by pass-books.. _ _
2,736
30,000
Certified checks
3,178
Other liabilities, accrued interest__
$1,559,259
$2,355,337 $2,431,708
Total
Supplemmtary-For Cal. Year1910.
1909.
$100,672
Total in & comm.reed during year..
$78,165
28.762
22,275
All other profits received during year..
Charged to profit and loss
On account of depreciation
(?)
On account of other losses
(?)
1,617
34,231
Int. credited to depositors during year
22,382
Expenses during year. exclud. taxes..
57,047
41,846
Amt. of divs. declared on capital stk..
Taxes paid during the year
5,658
5,437
Amt.deposits on which int. is allowed
(?)
1,200,000
$1,559,259
1908.
$46,280
6,122
$500,000
36,007
100
842,018
2,475
141,876
36,783
4,334
21.041
13,450
41,064
5,619
425,000
Formerly the Italian-American Trust Co.
New Yells Life Insurance & Trust Co.(New York).
Standard Trust Co.(New York).
Jan. 1 1911. Jan. 1 1910. Jan. 1 1909.
Resources$3,820,824 $2,865,443 $3,805,023
Bonds and mortgages
and bond investments:
Stock
1,141,875
2,006,527
Public; securities (market value) __ _ 1,350,935
Other securities (market value)_ _ _ 11,012,243 10,983,566 11,443,384
8,225,091
6,010,032
3,717,565
Loaned on cAlateral
14,267,463 11,687,750 12,931,527
Bills purchased
44,357
80,712
87,708
Overdrafts
1,562,381
2,545,028
2,662,923
Real estate
1,429,630
1,718,997
Due from approved res've depositories 1,321,651
3,500,000
5,200,000
4,900.000
Specie
200,000
200,000
200,000
Legal-tender notes & bills of nat. bks_
1,706.525
623,590
567,638
Other assets
Resources
Jan. 1 1911.Jan. 11910. Jan. 11909.
Bonds and mortgages
860,650
867,400
$110,030
Stock and bond investments:
Public securities (market value)
1,283,871
1,255,060
1,889,228
Other securities (market value) __ _ 4,266,007
5,805,693
4,084,097
Loaned on collateral
8,297,307
5,027,709
9,419,386
Bills purchased
376,054
467,925
463,119
Overdrafts
5,778
Due from approved res've depositories 2,364,557
2,555,494
3,379,742
from trust cos., banks,b'kers,doe.
Due
198,129
299,721
221,820
Specie
2,004,551
2,072.875
1,482,996
-tender notes & bills of nat. bks_
Legal
10,160
30,385
27,140
assets, accrued interest
Other
110,165
112,331
123,207
$43,908,950 $46,100,349 $43,811,089
Total
Liabilities
Capital stock
$1,000,000
Surplus fund (market value)
3,956,152
Reserved for taxes
18,500
Deposits subject to check
29,304.561
Demand certfs. of deposit (not pref.) _
730,075
Ctfs.of dep.(not pref.),10 days' notice 2,893,293
Due trust cos., banks & bankers
192,390
787,263
Due savings banks
Due as executor, administrator, &c_ _ 1,643,226
382,410
Life insurance
2,307,664
Annuities
693,416
Other liabilities
$1,000,000
4,181,800
18,000
29,630,644
672,050
4,003,523
160,995
649,910
2,678,657
382,120
2,151,585
571,065
81,000,000
4,114,129
14,000
28,398,608
474,550
4,536,558
160,000
371,585
1,535,576
381,831
2,255,807
568,445
$43,908,950 $46,100,349 $43,811,089
Total
1910.
Supplementary-For Cal. YearTotal int. & comm.rec'd during year_ $1,993,900
25,327
All other profits received during year..
Charged to profit do loss acct. deprec_ _
int, credited to depositors during year 1,181,454
138,852
Expenses during year, exclud. taxes..
450,000
Amt. of divs, declared on capital stk..
106,643
Taxes paid during the year
Amt. deposits on which int. Is allowed 35,460,000
1909.
$1,869,871
35,631
1908.
$2,028,702
72,938
1,178,745
129,636
450,000
100,340
37,751,423
1,163,106
137,540
450,000
79.777
35,396,166
Total
$18,977,229 $20,359,868 $18,535,490
LiabtitttesCapital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
1,358,466
1,485,765
1,450,616
26,924
Unpaid dividends
19,764
12,300
Reserved for taxes
8,000
Deposits subject to check
11,206,973 12,163,580 10,332,513
Demand certfs. of deposit (not pref.)..
805,670
133,268
743,801
Time certfs. of deposit (not pref.)
payable after 30 days
540,000
940,000
Due trust cos., banks & bankers
1,539,882
1,650,072
1,852,140
Due savings banks
308,380
336,056
452,651
Due as executor, administrator, &c.... 1,137,865
775,657
1,653,351
Deposits otherwise preferred
742,242
717,097
500,000
Certified checks
302,827
1,138,610
538,118
Total
$18,977,229 $20,359,868 $18,535,490
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm. rec'd during year
$716,017
$700,848
$503,317
All other profits received during year
93,750
167,783
188,827
Charged to profit and loss
On account of depreciation
75,078
20,403
On account of other losses
Int. credited to depositors during year
401,467
421,647
302,289
Expenses during year, exciud. taxes_
127,813
135,695
126,961
Amt. of divs. declared on capital stk..
160,000
140,000
100,000
Taxes paid during the year
23,823
33,306
21,966
Amt. deposits on which int. is allowed
(?)
16,030,504 14,038,887
New York Trust Co.(New York).
Title Guarantee & Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 11910. Jan. 1 19O9
Bonds and mortgages
$2,540,610 $2,123,438 $2,714,022
Stock and bond investments:
3,438,262
Public securities (market value) __ _ 3,497,722
2,090,028
Other securities (market value) _ _ _ 11,109,401 11,396,635 11,920,257
Loaned on collateral
25,598,588 36,399,248 26,907,463
857,300
Other loans
1.401,475
1,071,635
1,632,931
Bills purchased
2,053,804
1,192,125
3.042,714
Due fro:n approved res've depositories 3,184,570
6,141,949
500,036
Due from trust cos., banks & bankers
758,731
449,742
6,639,915
Specie
4,857,685
4,340,667
338,105
Legal
-tender notes & bills of nat. bks_
159,000
35,550
450,961
Other assets
397,509
360,927
ResourcesJan. 1 1911.Jan. 11910. Jan. 11900.
Bonds and mortgages
$9,202,188 $9,828,829 $8,696,696
Stock and bond investments:
Public securities (market value).._ _
461,900
443,900
461,000
securities (market value) __ _ 5,139,581
Other
4,772,566
5,056,119
Loaned on collateral
11,180,279 13,564,850 11,517,630
Bills purchased
4,063,723
2,914,444
2,017,186
Overdrafts
672
336
665
Real estate
2,196,147
2,174,632
2,093,994
Due from approved res've depositories 3,920,626
3,610,973
4,470,226
Due from trust cos., banks,b'kers,doe_ 1,449,340
928,997
469,609
Specie
1,845,213
1,743,182
1,176,210
Legal-tender notes & bills of nat. bks_ 1,235,938
1,706,552
854,923
Cash items
34,999
6,777
4,141
Other assets
520,028
565,736
510,381
Total
$55,559,185 $66,909,595 $57,224,365
Liabilities
Capital stock
$3,010,000 $3,000,000 $3,000,000
Surplus fund (market value)
11,109,492 11,009,216 10,512,333
Reserved for taxes
84,000
72,000
72,000
Deposits subject to check
24,353,624 24,938,831 26,138,050
Demand certfs. of deposit (not pref.) 2,507,811
2,000,542
1,671,375
Time certfs. of deposit (not pref.)
payable aftcr 30 days
3,033,468
3,297,404
500,000
Other certfs. of deposit (not pre(.) _
485,029 10.190,428
10,000
Due trust cos. banks and bankers_
4,094,405
3,794,196
9,410,884
Due savings banks
607,779
211,791
16,118
Due savings and loan associations__ _
262,495
162,948
309,136
Due as executor, administrator, &c_ _ 2,010,478
4,940,926
2,621,400
Trust clep.not pay. within 30 days
1,097,492
Deposits otherwise preferred
2,316,658
1,940,370
1,916,571
Certified checks
543,785
1,200,957
1,022,393
52,669
Ct ter liabilities
140,986
24.105
Total
$55,559,185 $66,909,595 $57,224,365
1910.
Supplementary-For Cal. YearTotal int. & comm. rec'd during year $2,337.015
242,811
All other profits received during year
Charged to profit and lossOn account of depreciation
12,897
On account of other losses.
Int. credited to depositors during year 1,055,216
247,867
Expenses during year, exclud. taxes..
960,000
Amt. of divs. declared on capital stk_
150,055
Taxes paid during the year
Amt. deposits on which int. Is allowed 36,686,064
1909.
$2,626,866
571,793
1908.
$2,207,502
198,000
12,401
1,430,877
250,125
960,000
135,773
45,842,652
16,030
997.377
228,865
960,000
137,058
27,383,425
Total
$41,232,634
Liabilities
Capital stock
$4,375,000
Surplus fund (market value)
10,903,323
Reserved for taxes
85,784
subject to check
Deposits
17,621,516
770.952
Deposits not subject to check
Demand certfs. of deposit (not pref.) _ 1,121,467
Time certfs. of deposit (not pref.)
397,369
payable after 30 days
84,785
Other certfs. of deposit (not pref.) _
Due trust cos., banks & bankers
1:485:387
195 863
Due savings banks
60,665
Due savings and loan associations_
409,902
Due as executor. administrator, &c_ _
714:488
3 2 625
8
Trust dep. not pay. within 30 days....
Certified checks
Officers' checks outstanding
1,579,493
Other liabilities
64,233
Total
$41,232,634
Supplementary-For Cal. Year1910.
Total int. & comm. rec'd during year $1,589,034
All other profits recelvtd during year.. 2,509,669
Charged to profit and loss
On account of depreciatton
On account of other losses
59,858
Int, credited to depositors during year
551,166
Expenses during year, exclud. taxes.. 1,555,888
Amt. of divs. declared on capital stk..
875,000
Taxes paid during the year
161.528
Amt. deposits on which int. Is allowed 22,177,277
842,562,427 $37,046,127
$4,375,000
10,2868834
01:09
84,375,000
8,948,761
20,750,171
1,331,308
969,446
17,575,282
'212
714,939
667,603
23109:669464
1,75N,110g
367,975
18
438,916
662,720
817,390
69,110
68:451
82 400
908,185
1,385,863
32,494
168,145
441,293
731,515
813,473
71,723
$42,562,427 $37,046,127
1009.
1908.
$1,538,245 $1,524,866
2,789,511
2,016,564
112
68,331
19,756
596,379
573,300
1,477.814
1,395,223
875,000
700,000
130,497
122,183
25,585,744 21,643,295
FEB. 11 1911.1
THE CHRONIC LE
Trust Company of America (New York).
ResourcesJan. 1 1911. Jan. 1 1910.Jan. 1 1909.
Bonds and mortgages
$2,591,635 $2,347,830 $1,893,403
Stock and bond investments:
Public securities (market value)
294,074
294,797
295,630
Other securities (market value) _ _ 4,996,836
6,973,714
7,122,751
Loaned on collateral
15,372,758 16,039,666 15,438,518
Bills purchased
1,847,366
2,845,196
2,450,806
Overdrafts
520
1,079
2,818
Real estate
2,000,000
Due from approved res've depositories
4,928,137
Due from trust cos., banks,b'kers,&c. 4,717,511
5,070,400
742,322
Specie
3,161,866
3,194,940
1,972,098
Legal-tender notes & bills of nat. bks_
271,450
425,985
128,555
39,693
Cash items
155,582
5,799
187,984
Other assets
343,334
215,476
Total
$35,481,693 $37,564,665 $35,324,171
Liabilities
Capital stock
$2,000,000 $2,000,000 $2,000,000
Surplus fund (market value)
6,389,606
6,326,251
6,467,621
Unpaid dividends
1,388
1,143
958
Reserved for taxes
42,000
45,006
42,645
Deposits subject to check
17,270,286 20,064,454 16,213,995
Demand =Os.of deposit (not Ord.)_ 1,110,861
496,314
978,321
Time certfs. of deposit (not pref.)
payable after 30 days
10,970
112,733
54,945
Other cents. of deposit (not pref.)
66,170
28,023
62,500
Due trust cos., banks & bankers_ __ _ 4,387,212
4,558,647
3,431,547
Due savings banks
943,908
597,476
625,873
Due savings and loan associations_ _ _
53,938
2,776
2,790
Due as executor, administrator, &o_ 3,240,531
3,297,970
2,937,824
Trust dep. not pay. within 30 days_
1,251,328
887,194
159,941
Certified cheeks
17,240
2,019
915
Other liabilit
44,052
54,413
ies____ 86,745
Total
$35,481,693 $37,564,665 $35,324,171
Supplementary-For Cal. Year1908.
1909.
1910.
Total int. & comm. rec'd during year $1,428,647 $1,442,892 $1,752,218
All other profits received during year..
85,944
731,530
147,019
Charged to profit and loss
On account of depreciation
1,000,809
784,535
(?)
On account of other losses
104,442
21,107
(?)
Int. credited to depositors during year
811,227
621,615
636,839
Expenses during year, exclud. taxes_
402,407
354,688
384,519
Amt. of divs. declared on capital stk_
40,000
210,000
190,000
Taxes paid during the year
98,821
86,113
83,054
Amt. deposits on which int. Is allowed
(?)
25,039,290 22,082.019
• This included $18,163,870 duo the associated trust companies.
•
Union Trust Co.(New York).
ResourcesJan. 11911. Jan. 11910. Jan. 1 1909.
Bonds and mortgages
$828,050
$930,275
$775,375
Stock and bond investments:
Public securities (market value)
1,888,269
1,873,056
3,970,257
Other securities (market value)
12,314,967
7,519,481
9,915,055
Loaned on collateral
31,459,292 45,405,036 40,564,610
Real estate
1,900,000
1,900,000
1,900,000
Bills purchased
3,095,220
655,000
Due from approved res've depositories 3,185,127
2,065,123
3,632,749
Due from trust co's, banks ec bankers
466,759
417,924
619,656
Specie
7,051,215
8,041,871
6,100,673
Legal
-tender notes & bills of nat. bks.
90,830
37,245
11,155
Cash items
1,260
262
Other assets
418,097
386,503
310,930
Total
$62,699,086 $71,627,350 $65,404,886
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
7,836,925
8,165,863
8,227,688
Dividend payable Jan. 10
125,000
125,000
125,000
Reserved for taxes
55,236
49,124
45,030
Demand deposits subject to check_ _ _ 38,160,430 43,630,544 42,762,790
Demand ctfs. of deposit (not pref.) _ _
195,000
75,000
93,900
Time ctfs. of deposit (not pref.) payable after 30 days
1,771,820
683,127
6,251,161
Other Mts. of deposit (not pref.)
1,842,988
2,873,540
3,770,281
Due trust co's, banks & bankers
2,005,309
1,162,774
1,118,619
Due savings banks
4,799,724
4,975,452
4,812,228
Due as executor, administrator, &c
3,100,929
2,044,537
1,080,607
Trust dep. not pay. within 30 days
506,604
Dep.sec. by State of N.Y. bds.(pref.)
637,000
1,003,253
472,000
Dep. (pref.) see, by trust co's assets_
508,141
Other liabilities
153,980
802,355
682.353
Total
$62,699,086 $71.627,350 $05,404,886
Supplementary-For Cal. Year1910.
1908.
1909.
Total int. & comm.rec'd during year_ $2,511,543 $2,112,745 $2,183,032
All other profits received during year..
143,400
265,288
342,534
Charged to profit and loss
On account of depreciation
(?)
129,492
29,150
On account of other losses
(?)
749
282
Int. credited to depositors during year 1,676,409
1,665,851
1,422,542
Expenses during year, exclud. taxes_
270,607
313,196
281,419
Amt. of dills. declared on capital stk.
500,000
500,000
500,000
Taxes paid during the year
133,019
123,380
117,386
Amt. deposits on which int. Is allowed
(?)
60,530,783 54,592,705
363
United States Trust Co.(New York).
ResourcesJan. 11911. Jan. 11910. Jan. 1 1909.
Bonds and mortgages
$3,995,600 $3,563,750 $3,603,250
Stock and bond investments:
Public securities (market value) _ _ _ 1,562,500
1,775,500
1,778,500
Other securities (market value)._ _ 9,017,500
8,970,910
9,392,460
Loaned on collateral
36,023,982 47,366,132 47,797.982
Other loans and bills purchased
10,980,595
9,787,455
9,740,216
Real estate
1,000,000
1,000,000
1,000,000
Due from approved res've depositories 5,310,791
5,199,707
7,107,079
Specie
7,250,000
7,250,000
7,250,000
Other assets
381,961
444,132
451,372
Total
$75,522,929 385.789,376 387.689,069
Liabilities
Capital stock
$2,000,000 $2,000,000 $2,000,000
Surplus fund (market value)
13,772,667 13,720,622 13,412,564
Reserved for taxes
96,000
83,000
80,000
Deposits subject to check
29,327,540 30,429,967 38,960,403
Time ctfs. of dep. (not pref.) payable
after 30 days
2,431,950 12,622,027
/22,900
Other ctfs. of deposit (not pref.)
11,310,453 11,832,146 15,362.785
Due trust co's, banks & bankers_
4,751,002
3,466,069
6,071,969
Due savings banks
4,671,802
4,615,704
4,115,711
Due as executor, administrator, &c_ _ 2,198,595
1,200,764
752,818
Trust dep. not payable within 30 days 4,043,761
4,944,494
5,367,023
Other liabilities, accrued Interest_
919,159
874,583
842,896
Total
$75,522,929 $85,789,376 587,689,069
Supplementary-For Cal. Year1910.
1909.
1908.
Total int. & comm.rec'd during year_ $3,471,398 $3,473,772 $3,243,853
All other profits received during year
56,957
250,923
281,700
Charged to profit and loss
On account of depreciation
84,468
73,179
100,210
On account of other losses
__ _ _ __
2,000
7,318
Int. credited to depositors during year 1,826,706
1,919,002
1,703,281
Expenses during year, exclud. taxes_
228,717
220,439
218,025
Amt. of divs. declared on capital stk_ 1,000,000
1,000,000
1,000,000
Taxes paid during the year
191.219
175,282
171.883
Amt. deposits on which int. is allowed 56,694,815 67,748,634 69.703,845
Washington Trust Co.(New York).
ResourcesJan.1 1911. Jan. 1 1910. Jan.1 1909.
Bonds and mortgages
$648,891
$628,058
$640,558
Stock and bond investments:
•
Public securities (market value).. _ _
465,885
410,680
739,580
Other securities .(market value) _ _ _ 2,304,570
2,434,520
2,604,940
Loaned on collateral
5,868,900
6,157,850 ,5,570,800
Bills purchased
564,550
353,719
304,000
Due from approved res've depositories
898,132
20,537
997,754
Due from trust co's, banks & bankers
668,177
28,617
Specie
1,213,165
1,233,466
900,407
Legal-tender notes & bills of nat. bks.
100,000
40,000
Other assets, accrued interest
88,627
92,916
93,543
Total
312,152,720 $12,039,923 $11,880,199
Liabilities
Capital stock
$500,000
$500,000
$500,000
Surplus fund (market value)
1,287,138
1,315,082
1,260,019
Unpaid dividends
25,000
25,000
15,000
Reserved for taxes
8,104
8,000
8,000
Deposits subject to check
•
7,283,053
6.837,062
7,284,444
Demand ctfs. of deposit (not pref.) _ _
586,035
558,265
598,504
Time ctfs. of dep.(not pref.) payable
after 30 days
788,444
873,591
518,276
Due trust co's, banks & bankers.. _ _ _
54,755
46 578
196,588
Due savings banks
1,493,903
1,766,119
1,422,163
Due savings and loan associations_ _ _
1,259
1,783
2,486
executor, administrator, &c
Due as
48,570
79,157
46,260
Dep.sec. by State of N.Y. bds.(pref.)
50,000
Other liabilities, accrued interest.. _ _ _
26,459
29,286
28,459
Total
$12,152,720 $12,039,923 $11,880,199
Supplementary-For Cal. YearTotal in & comm.rec'd during year..
All other profits received during year..
Charged to profit and loss
On account of depreciation
On account of other losses
Int. credited to depositors during year
Expenses during year, exclud. taxes..
Amt. of divs. declared on capital stk _
Taxes paid during the year
Amt. deposits on which int. Is allowed
1910.
$486,065
26,970
1909.
$451,756
75,067
(?)
(?)
288,497
86,782
70,000
17,395
(?)
17,563
16,468
268,920
86,504
80,000
17,316
10,127,140
257,334
79,965
70.000
16,021
10,053,252.
1908.
$451,518
214,885
Windsor Trust Co.(New York).
ResourcesJan. 1 1911. Jan. 1 1910. Jan. 1 1909 Bonds and mortgages
$377,670
$394,500
3346,500
ResourcesJan. 11011. Jan. 11910. Jan. 11009. Stock and bond investments:
.
Bonds and mortgages
$9,980,151 $10,427,929 $9,038,088
Public securities (market value)_ .. _
640,196
609,314
720,930
Stock and bond investments:
Other securities (market value)...._
755,808
791,465
1,567,139
Public securities (market value) ___ 1,519,768
1,801,162
2,753,051 Loaned on collateral
3,115,114
4,548,849
4,728,534
Other securities (market value)._. 9,644,444
9,699,015
7,778,065 Bills purchased
515,503
280,937
167.204
Loaned on collateral
14,627,986 19,752,753 12,195,720 Overdrafts
12,341
3,961
4,280
Bills purchased
7,801,927
1,526,135
624,645 Real estate
245,290
248,390
Overdrafts
87
Due from approved res've depositories
931,929
2,896,667
1,487,555
Due from approved res've depositories
5,542,587 Due from trust co's, banks& bankers_
818,676
400,308
507.188
Real estate
3,320
Specie
568,708
549,335
397.058
Due from trust co's, banks & bankers 9,908,632
9,752,836
2.015,493 Legal
-tender notes & bills of nat. bks.
205,020
268,300
178.925
Specie
3,901,909
3,656,847
2,377,816 Cash items
150,001
86
Legal-tender notes & bills of nat. bks.
453,045
742,960
620,980 Other assets
352,023
320,767
275,048
Cash items
41,363
12,629
9,649
Other assets
408,151
934,198
1,340,768
Total
$8,538,368 $11,462,794 $10,380,447
Total
$58,290,783 $58,710,054 $43,893,272
Liabilities
Liabilities
Capital stock
$2,000,000 $2,000,000 $2,000,000 Capital stock
$1,000,000 $1,000,000 31,000,005
Surplus fund (market value)
4,404,063
4,380,368
4,251,209 Surplus fund (market value)
• 406,091
536,879
460,275
Unpaid dividends
33,282
76,532
6,474
200,658 Unpaid dividends
Reserved for taxes
137,864
107,071
14,923
74,269 Reserved for taxes and rent
13,184
12,333
Deposits subject to check
23,775,115 24,322,116 17,909,648 Deposits subject to check
5,278,439
7,313.457
5,550,483
Demand offs. of deposit (not pref.)_ _ 2,734,080
1,645,400
192,627
2,838,202 Demand ctfs. of deposit (not pref.)._
210.620
77,695
Time ctfs. of dep.(not pref.) payable
Time ctfs. of dep.Ipay. within 30 days
65.882
after 30 days
6,502,549
not pref.) ____ jpay. after 30 days
147,328
151,011
5,668,284
187,002
194,859
Other ctfs. of dep.(not pref.)
15,479
775.839
3,000 Due trust co's, banks & bankers
682.426
1,304.909
Due trust co's, banks & bankers
7,870,035
128,339
7,745,270
6,034,411 Due savings banks
127.246
51.123
Due savings banks
Due savings and loan associations__ _
253,996
1,410
207,359
138,932
2,532
Due as executor, administrator, &c
179,618
8,978
6,350
5,749 Due as executor, administrator, &c....
38.587
94.751
Trust dep. not pay. within 30 days.. _
28,398
216,730
1.407,253
232,880 Trust dep.&dep.sec. by N.Y.bds.(pf.)
238,396
1,316.065
Certified checks
2,055,977
2,681,054
1,594,250 Certified cheeks
94,483
510,053
Mortgage trust bonds
8,138,800
8,315,900
8,352,900 Officers' checks outstanding
266,397
538,530
317,954
Other liabilities
161,527
106,153 Other liabilities
147,097
310
Total
358,290,783 $58,710,054 $43,893,272
Supplementary-For Cal, Year1910.
1909.
Total
1908.
38.538,368 $11,462,794 $10,380,447
Total int. & comm.rec'd during year.. $2,358,837 $1,980,438 $1,608,774
Supplementary-For Cal. YearAll other profits received during year..
257,564
1910.
466,673
449,601
1909.
1908.
charged to profit and loss
Total int. & comm.rec'd during year.. 3346,313
$444,322
3464,739
On account of depreciation
(?)
104,726 All other profits received during year..
127,530
59,088
150,564
228,687
On account of other losses
(?)
313,624 Charged to profit and loss
39,068
Int. credited to depositors during year 1,149,630
On account of depreciation
919,297
590,919
(7)
Interest credited mortgage trust bondOn account of other losses
30,419
(7)
1,938
holders and others
330,164
336,871 Int. credited to depositors during year
157,754
212,987
213,380
Expenses during year, exclud. taxes_
342,390
331,366
315,513 Expenses during year, exclud. taxes_
163,242
191,442
166,138
Amt. of divs. declared on capital stk_
480,000
480,000
400,000 Amt. of diva. declared on capital stk.
60,000
60,000
60,000
Taxes paid during the year
71,268
65,232
64,642 Taxes paid during the year
23,929
13,936
13,368
Amt.deposits on which int, is allowed
(7)
37,504,711 25,090,357 Amt. deposits on which int. is allowed
(7)
8,185,500
7,742,300
United States Mortgage 86 Trust Co.(New York).
[Vol, Lxxxxn '
THE CHRONICLE
364
BROOKLYN COMPANIES.
Franklin Trust Co. (Brooklyn).
Brooklyn Trust Co. (Brooklyn).
Jan.1 1911. Jan. 1 1910. Jan.1 1909.
ResourcesJan.1 1911. Jan.1 1910. Jan. 1 1909. Bonds and mortgages
Resources$806,600
$847,650
$793,250
$893,320
$945,795 $1,254,300
:Bonds and mortgages
Stock and bond investments:
Stock and bond investments:
1,117,531
703,615
989,165
125,816 • Public securities (market value).._
124,701
124,701
Public securities (market value)
4,559,730
1,534,829
1,424,709
Other securities (market value)
6,798,596
6,105,004
6,206,935
Other securities (market value)
2,299,678
6,838,528
5,225,761
7,727,052 Loaned on collateral
8,252,966
8,612,967
Loaned on collateral
1,416,503
2,022,947
3,057,136
923,577 Bills purchased
705,340
975,224
Bills purchased
257
214
55
1,141 Overdrafts
304
841
Overdrafts
536,741
536,741
558,400
110,409 Real estate
110,090
100,000
Real estate
1,677,461
472,916
715,792
1,912,506 Due from approved res've depositories
1,113,679
1,912,307
Due from approved res've depositories
152,500
133,382
397,892
231,716 Due from trust cos., banks & bankers
171,702
317,602
Due from trust cos., banks & bankers 1,625,897
699,457
1,313,911
1,181,937
1,056,433 Specie
1,520.766
Specie
351,266
186,428
240.476
465,709 Legal-tender notes & bills of nat. bks.
489,095
415,853
Legal-tender notes & bills of nat. bks.
5,135
12,800 Cash items
138,125
311,107
Cash items
92,959
55,589
19,110
185,365 Other assets
176,165
148,509
Other assets, accrued interest
$14,608,828 $14,646,750 *13,710,683
Total
$21,697,738 $20,162,237 $20,444,440
Total
Liabilities
*1,500,000 $1,500,000 $1,500,000
Liabilities
Capital stock
1,508,121
$1,000,000 *1,000,000 *1,000,000 Surplus fund (market value)
1,012,243
881,635
Capital stock
2,177,984 Unpaid dividends
2,341,880
2,371,880
55,188
54,900
54,216
fund (market value)
Surplus
50,250 Reserved for taxes
50,000
13,205
100,000
13,715
10,855
Unpaid dividends
117,545
28,812 Deposits subject to check
75,393
7,878,923
7,941,549
8,640,190
Reserved for taxes
13,518.084 12,300,018 13,036,626 Demand ctfs. of deposit (not pref.)
11,837
9,471
66,393
subject to check
Deposits
958,911
327,762 Time ctfs. of deposit (not pref.)
128,946
Demand certfs. of deposit (not pref.) _
425,582
1,901,476
1,755,571
payable after 30 days
Time certfs. of deposit (not pref.) 1,834,184
1,344,237 Other ctfs. of deposit (notpref.)
1,085,209
161,970
96,968
329,920
after 30 days
payable
12,506 Trust dep.&dep.sec.byN.Y.bds (pref.) 213,687
81,262
100,629
123,600
158,305
Due trust cos., banks and bankers_
1,663,561 Due trust cos. banks and bankers_ _ _
1,333,604
1,480,475
1,115,057
548,614
403,770
Due savings banks
103,818 Due savings banks
102,346
344,443
464,425
931,051
846,538
executor, administrator, &c
Due as
684,543
634,193
546,283 Due as executor, administrator, he_ _
10,051
11,847
38,822
Trust dep. not pay. within 30 days
34,198
85,076 Certified checks
30,315
396,118
186,538
41,819
Certified checks
67,525 Other liabilities, accrued interest_ _ _ _
72,721
79,196
46,606
47,121
58,364
Other liabilities
$21,697,738 $20,162,237 $20,444,440
$14,608,828 $14,646,750 $13,710,683
Total
Total
1908.
1909.
1010.
Supplementary-For Cal. Year1908.
1909.
1910.
$519,081
$536,758
$571,402
Supplementary-For Cal. YearTot. mt. & comm. rec'd during year
86,113
432,284
$861,299 All other profits received during year
$867,479
$928,124
36,939
comm.rec'd during year_ _
Tot.Int. &
022,749
148,575
343,265
353,194
128,083 Ch'ged to profit & loss on acc't deprec.
64,788
All other profits received during year
114,040
136,906
(?)
27,657
466
Ch'ged to profit & loss acc't oth.losses
Ch'ged to profit & loss on acc't deprec.
(?)
7,968
16,947 Int. credited to depositors during year
215,595
278,411
275,026
Ch'ged to profit & loss acc't oth.losses
453,555
432,063
398,121 Expenses during year, exclud. taxes_
134,502
182,561
172,451
Int. credited to depositors during year
159,024
120,000
153,168 Amt. of divs. declared on capital stk_
162,251
120,000
120,000
Expenses during year, exclud. taxes_
200,000
44,332
200,000 Taxes paid during the year
250,000
37,673
34,313
Amt. of dlvs. declared on capital stk..
30,274 Amt. deposits on which int. Is allowed 11,921,477 10,611,633
31,067
34,356
9,019,815
Taxes paid during the year
15,770,368 16,542,283
(?)
of depos.on which Int. is allowed
Amt.
Hamilton Trust Co. (Brooklyn).
Citizens' Trust Co. (Brooklyn).
1
Resources
--Jan. 1911. Jan. 1 1910.Jan. 1 1909.
Jan.1 1911. Jan. 1 1910. Jan. 11909.
Resources$481,790
$463,665
$402,315
Bonds and mortgages
Stock and bond investments:
125,625
307,500
279,912
Public securities (market value) _ _ _
85,989
93,337
Other securities (market value) __ _
175,398
207,418
278,713
Loaned on collateral
39,053
Other loans
558,671
582,849
571,251
purchased
Bills
52,000
131,738
131,671
Real estate
40
Overdrafts
128,256
310,371
239,396
approved res've depositories
Due from
805
954
498
Due from trust cos., banks & bankers
107.115
131,680
102,126
Specie
48,400
62,500
57,705
notes & bills of nat. bks.
-tender
Legal
5,628
9,720
17,401
Cash items
27,003
27,352
21,856
Other assets
$2,124,134 $2,236,512
Total
Liabilities
$500,000
$500,000
Capital stock
173,388
176.638
Surplus fund (market value)
105
25
Unpaid dividends
3,276
4,653
Reserved for taxes
1,431,552
1,291,931
Deposits subject to check
216
218
Demand ctfs. of deposit (not pref.) _ _
Time certfs. of deposit (not pref.)
8,084
1,506
payable after 30 days
8,280
8,530
Due trust cos., banks and bankers..
28,762
43,831
Due savings banks
11,744
10,467
Due as executor, administrator, he_ _
50,000
52,000
Deposits otherwise preferred
14,304
31,392
Certified checks
6,801
2,943
Other liabilities
$2,124.134 $2,236,512
Total
1909.
1910.
Supplementary-For Cal. Year$107,137
$123,409
Tot. int. & comm. reo'd during year_
8,922
545
All other profits received during year
8,918
22,565
Ch'ged to profit & loss on acc't deprec.
16,601
1,396
Ch'ged to profit & loss acc't oth losses
28,394
24,739
Int. credited to depos. during year
30,896
34,542
Expenses during year, exclud. taxes_
25.000
25,000
Amt. of divs. declared on capital stk_
6,000
10,443
Taxes paid during the year
1,114.000
Amt. of dep. on which int. Is allowed 1,007,900
$300,000
270,768
12,000
3,500
3,658,309
42,898
10,338
203,392
3,329
98,946
20,828
20,083
$4,031,76
$300,000
237,087
12,000
2,621
3,060,377
26,091
10,153
251,000
26,612
73,627
20,482
11,710
$4,490,500 $4,644,391 $4,031,769
Total
1908.
1910.
1909.
Supplementary-For Cal. Year$164,710
$204,043
$199.586
Tot. Int. & comm. reo'd during year
4,410
11,421
18,273
All other profits received during year
Ch'ged to profit h loss on acc't dcprec.
3,830
oth. losses
Ch'ged to prof.&loss on acct.
62,723
68,625
67,608
lot credited to depositors during year
63,795
62,519
71,246
Expenses during year, cxclud. taxes_
24,000
20,000
24,000
stock
Amt.of divs. declared on capital
5,621
7,463
4,265
Taxes paid during the year
3,013,000
2,900,000
Amt.of depos.on which int. Is allowed 2,940,000
$586,600
411,000
1,538,798
4,098,715
358,857
49
9,017
552,763
63,039
617,748
48,255
14,250
78,601
211,000
1,843,750
3,435,528
309,725
185
9,017
772,078
38.771
597,901
61,210
10,962
74,021
Home Trust Co. (Brooklyn).
Jan. 11911. Jan. 11910. Jan. 1 1909
Resources$317,202
$202,100
$309,225
Bonds and mortgages
Stock and bond investments:
104,416
140,163
77,783
Public securities (market value) _ _ _
756,725
473,711
735,176
Other securities (market value)_ _ _
1,685,721
1,547,201
1,475,205
Loaned on collateral
887,147
745,910
889,409
Bills purchased
196
134
71
Overdrafts
78,000
69,000
86,331
Real estate
378,800
468,630
483,034
Due from approved res've depositories
278,700
22,460
278,770
Specie
311,070
109,130
117,965
Legal-tender notes & bills of nat. bks.
48,354
51,390
37,536
Other assets
$4,644,391
$576,950
$8,965,308 $8,368,042 $7,950,748
Total
Liabilities
$500,000
$500,000
$500,000
Capital stock
$1,907,055
1,030,956
1,082,635
926,033
Surplus fund (market value)
7,000
6,500
6,600
Reserved for taxes
5,385,123
4,893,531
4.599,273
$500,000 Deposits subject to check
80,121
112,222
106,972
173,139 Demand ctfs. of deposit (not pref.)._
Time ctfs. of dep. (not pref.) payable
181,400
204,856
169,800
3,842
after 30 days
166,898
248,153
239,434
1,111,431 Other Mts. of deposit (not pref.) _ __ _
252,910
199,932
33,698 Due trust cos., banks and bankers_ _
244,400
903,070
750,792
865,028
Due savings banks
27,745
2,114 Due savings and loan associations__ _
31,027
20,949
11,348
21,978 Due as executor, administrator, &c
7,248
9,860
31,292 Tr.dep.not pay.within 30 days (pref.)
115,711
145,072
99,140
6,550 Dep. sec. by State of N.Y. bds.(pref.)
140,000
185,000
100,000
11,978
5,888
38,508
Certified checks
20,663 Other liabilities
57,361
59,245
54,389
2,348
Total
$8,965,308 $8,368,042 $7,950,748
$1,907,055
1908.
1910.
Supplementary-For Cal. Year1909.
$334,635
Tot.In & comm.rec'd during year
$354,457
$338,518
1908.
27,123
All other profits received during year
41,610
217,488
$90,490
39,777
65,435
17,560 Ch'ged to profit & loss on acc't deprec.
24,043
10,996
Ch'ged to profit & loss acc't oth.losses
24,256
159,293
174,035
177,809
5,878 Int. credited to depositors during year
75,353
80,373
76,572
21,101 Expenses during year, exclud. taxes_
50,000
50,000
57,500
37,158 Amt. of divs. declared on capital stk_
13,244
12,219
13,338
Taxes paid during the year
6,248,675
6,236,298
Amt. deposits on which int. Is allowed 6,855,123
7,000
834,200
Flatbush Trust Co.( Brooklyn).
$4,490,500
Total
Liabilities
$300,000
Capital stock
286,574
Surplus fund (market value)
12,000
Unpaid dividends
3,836
Reserved for taxes
3,504,585
Deposits subject to check
66,476
Demand ctfs. of deposit (not pref.)
1,479
Due trust cos., banks and bankers...
255,036
Due savings banks
3,868
Due savings and loan associations__ _
25,571
Trust dep. not pay. within 30 days
18,113
Certified checks
12,962
Other liabilities
*586,300
Bonds and mortgages
Stock and bona Investments:
411,000
Publia securities (market value) __ _
1.363,805
Other securities (market value) _
4,669,080
Loaned on collateral
586,456
Bills purchased
70
Overdrafts
14,301
Real estate
521,142
Due from approved res've depositories
18,508
Due from trust cos., banks and bankers
601,159
Specie
98,120
Legal-tender notes & bills of nat. bks.
16,335
Cash items
79,031
Other assets
Jan. 1 1911. Jan. 1 1910. Jan. 11909,
Resources$566,240
1580,437
$567,389
Bonds and mortgages
and bond investments:
Stock
452,225
440,600
466,500
Public securities
483,385
445,091
381,072
Other securities
523,166
813,613
1,040,366
on collaterals
Loaned
249,905
382,429
532,539
Bills purchased
7
48
Overdrafts
34,273
35,022
Real estate
- 8,g22
24- 217,238
169,875
Due from approved res've depositories
41,894
93,101
52,154
Due from trust cos., banks & bankers
1,736
141,304
170,038
Specie
159,732
44,189
43,400
Legal tender notes & bills of nat. bks.
74,64
45,293
40,073
Other assets
.,
$3,545,839 $3,190,205 $2,801,759
Total
Liabilities
$750,000
$750,000
$750,000
Capital stock
332,200
301,183
326,325
Surplus fund (market value)
5,250
Reserved for taxes5,100
1,791:0;g
1,383,663
1,275,396
Deposits subject to check
26,524
22,366
26,081
Demand ctfs. of deposit (not pref.) _ _
38,604
Time ctfs. of depapay. within 30 days
36,772
101,300
40,420
not pref.) _ _ _ .1 pay. after 30 days_
73,918
69,247
135,550
Due trust cos., banks and bankers__ _
105,118
239,691
220,671
Due savings banks
16,865
16,071
13,865
Due savings and loan associations...
12,657
82,108
29,226
Due as executor, administrator, &o
38,204
25,000
52,300
Trust dep. &dep.sec.by N.Y.bds.(pref.)
157,974
138,840
128,113
Deposits otherwise preferred
6,056
1,772
6,541
Other liabilities
$3,545,839 $3,190,205
Total
1910.
Supplementary-For Cal. Year1909.
$147,077
Tot.int. & comm.rec'd during year... $153,492
4,606
26,907
All other profits received during year_
16.604
19,901
Ch'ged to profit & loss acc't deprec
30,545
10,304
Ch'ged to profit ec loss acc't oth. losses
52,245
44,356
Int. credited to depositors during year
taxes_
42,732
42,527
Expenses during year, exchid.
Amt. of divs. declared on capital stk _
10,526
10,486
Taxes paid during the year•
1.804,000
Amt. of dep. on which int. Isallowed 2,270,000
$2,801,759
1908.
$126,620
7,421
133.000
85,827
89,192
51,144
7,721
1,375,400
FEB. 11 1911.]
THE CHRONICLE
Kings County Trust Co. (Brooklyn).
ResourcesJan. 1 1911. Jan. 11910. Jan.1 19090
Bonds and mortgages
$809,80
$944,611 $1,006,211
Stock and bond investments:
Public securities
1,353,180
335,650
317,529
Other securities
2,237,559
1,500,181
1,476,739
Loaned on collateral
7,985,365
9,988,436
8,883,839
Other loans, bills purchased
1,530,417
3,384,033
1,873,705
Real estate
210,000
210,000
210,000
Due from approved res've depositories 1,044,505
1,322,615
1,092,952
Due from trust cos., banks ec bankers
19,677
23,053
9,488
Specie
1,273,213
758,362
1,215,441
Legal tender notes & bills of nat. bks_
238,140
259,610
221,985
Cash items
40,747
1,855
128,048
Other assets
96,515
116,119
121,402
Total
$17,952,990 $17,680,057 $16,602,935
Liabilities
Capital stoek _
$500,000
$500,000
$500,000
Surplus fund (market value) _ _ _ _
2,103,149
2,001,585
1,852,272
Reserved for taxes and expenses.. _ _ _
14,500
16,000
13,000
Deposits subject to check
10,627,858 11,110,925 10,235,524
Demand ctfs. of deposit (not pref.) _ _
887,682
821,942
463,288
Time °as. of deposit (not pref.), payable after 30 days
368.569
246,471
247,647
Other ctfs. of deposit (not pref.) _ _ _ _
221,521.
204,443
56,629
Due trust cos., banks and bankers_ _ _
237,062
217,431
259,327
Due savings banks
2,622,697
2,172,375
2,246,701
Due savings and loan assoclations
25,160
8,603
2,343
Due as executor, administrator, &c_
114,063
132,912
156,123
Trust dep. not pay. within 30 days
(not pref.)
149,918
127,551
178,844
Certified checks
50,853
24,210
360,080
Other liabilities
31,159
46,599
78,968
Total
$17,952,990 $17,680,057 $16,602,935
Supplementary-For Cal. Year1908.
1909.
1910.
Tot. int. & commis. rec'd during year $753,152
$639,208
$656,401
All other profits received during year..
65,623
131,947
27,351
Ch'ged to profit & loss on acc't deprec.
8,425
34,475
6,436
Ch'ged to profit & loss aco't 0th. losses
24,672
6,085
17,757
Int. credited to depositors during year
341,770
364,360
390,597
Expenses during year, excluding taxes
100,096
114,245
105,857
Amt.of divs. declared on capital stock
60,000
80,000
70,000
Taxes paid during the year
22,164
25,730
23,429
Amt. of dep. on which int. is allowed_ 14,075,367 13,963,423 13,512,505
Long Island Loan & Trust Co. (Brooklyn).
ResourcesJan. 11911. Jan. 11910. Jan. 1 1909.
Bonds and mortgages
$781,750
$663,250
$767,750
Stock and bond investments:
Public securities
758,000
867,000
627,000
Other securities
3,238,600
2,825,420
3,228,520
Loaned on collateral
4,905,960
5,992,690
4,875,372
Other loans
539,963
431,500
494,500
Overdrafts
13
4
76
Real estate
3,000
3,000
Due from approved res've depositories
991,384
656,610
847,487
Specie
472,114
450,512
290,437
Legal tender notes & bills of nat. bks_
225,545
349.802
306,733
Cash items
1,392
11,067
2.273
Other assets
93,758
95,319
91,722
Total
$12,008,479 $12,346,174 $11,334,870
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
2,069,338
2,185,834
2,039,699
Unpaid dividends
30,000
30,000
30,000
Reserved for taxes
14,400
14,600
15,000
'Deposits subject to check
6,296,732
6,167,656
6,993,344
Demand ctfs. of deposit (not pref.)_
245,252
217,076
305,111
Time ctfs. of deposit (not pref.) payable after 30 days
693,088
47,158
180.548
Other ctfs. of deposit (not pref.) _ _
135,626
482,900
233,181
Due trust cos., banks and bankers
17,633
65,458
45,345
Duo savings banks"
823,126
829,491
755,484
Duo savings and loan associations__ _
9,764
7,500
Due as executor, administrator, &e.._
147,390
87,598
115,922
Trust dep.not pay.within 30 days(pf.)
253,838
95,860
379,499
Dep. sec. by State of N.Y.bds. (pref.)
200,000
100,000
81,000
Certified checks
19,158
38,161
76,030
Other liabilities
52,534
31,378
30,831
Total
$12,008,479 $12,346,174 $11,334,870
Supplementary-For Cal. Year1910.
1909.
1908.
Tot. int. & commis. rec'd during year $510,383
$473,283
$451,519
All other profits received during year
4,803
147,399
3,243
Ch'ged to profit & loss on acc't deprcc.
58,129
7,910
23,511
Ch'ged to profit & loss acc't oth. losses
3,138
20
104
Int. credited to depositors during year
210,167
180,771
225,054
Expenses during year, excluding taxes
90,889
88,225
91,538
Amt.of divs. declared on capital stock
120,000
120,000
120,000
Taxes paid during the year
25,489
31,828
28,667
Amt. of dep. on which int. is allowed.. 8,548,796
8,003,292
8,724,562
315
People's Trust Co. (Brooklyn).
ResourcesJan.1 1911. Jan. 1 1910. Jan. 1 1909.
Bonds and mortgages
$1,063.723
$863,569 $1,171,655
Stock and bond investments:
Public securities
879,600
788,772
496,018
Other securities
4,426,157
4,129,691
4,619,660
Loaned on collateral
7,936,338
6,402,069
8,338,781
Bills purchased
3,292,087
2,592,601
2,478,463
Overdrafts
2,152
2,214
510
Real estate
526,837
532,834
519,792
Due from approved res've depositories 1,437,200
1,366,356
2,150,246
Specie
1,495,765
1,338,826
1,056,183
Legal-tender notes ec bills of nat. bks_
382,000
378,240
282,115
Cash items
459,776
289,130
301,950
Other assets
106.613
127,533
116,331
$22,008,248 $20,637,705 $19,710,834
Total
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surplus fund (market value)
1,670,684
1,645,722
1,509.697
Unpaid dividends
10,090
10,501
10,342
Reserved for taxes
12,897
12,779
9,944
Deposits subject to check
15,362,099 14,975,463 13,814,948
Demand ctfs. of deposit (not pref.)
150,459
153,800
441,471
Time ctfs. of deposit (not pref.), payable after 30 days
795,542
301,990
432,158
Other ctfs. of deposit (not pref.)---72,903
117,375
70,589
Dut trust co's, banks and bankers
64,002
50,844
116,701
Due savings banks
1,825,759
1,376,898
1,590,092
Due savings and loan associations_
53,043
60,901
54,251
Due as executor. administrator, &c..
336,184
411,025
504,075
Trust dep.not pay.within 30 days(pf.)
245,998
160,729
40,304
Dep.see. by State of N. Y. bds.(pref.)
255.000
215,000
Certified checks
65,548
48,391
85,772
Other liabilities
84,699
67,871
62,247
Total
$22,008,248 $20,637,705 $19,710,834
Supplementary-For Cal. Year1910.
1909.
1908.
Tot. Int. & commis. rec'd during year $894,116
$841,539
$637,880
All other profits received during year..
106,425
145,052
138,639
Ch'ged to profit ec loss on acc't deprec.
(?)
67,026
52,067
Ch'ged to profit & loss acc't 0th. losses
(?)
21,510
82,494
Int. credited to depositors during year
440,404
448,608
377,052
Expenses during year, excluding taxes
194,021
176,639
168,333
Amt.of dlvs. declared on capital stock
120,000
120,000
120,000
Taxes paid during the year
32,126
27,897
30,142
Amt. of dep. on which int. is allowed..
(?)
16,205,570 15,415,224
Queens County Trust Co. (Jamaica).
Resources• Jan. 1 1911. Jan. 1 1910. Jan.1 1909.
Bonds and mortgages
$513,466
$510,433
$444.183
Stock and bond investments:
Public securities (market value)
286,245
184,245
182,707
Other securities (market value) __ _
273,594
474,628
288,015
Loaned on collaterals
686,952
653,743
554,356
Other loans
59,316
47,165
38,740
Bilis purchased
239,347
118,865
170,748
Overdrafts
489
610
1,341
Real estate
177,694
177,694
177,694
Due from trust co's, banks & bankers
14,543
12,706
36,487
Due from approved res've depositories
116,872
130,272
175,297
Specie
57,306
49,456
29,070
Legal-tender notes & bills of nat. bks_
114,610
58,140
98,915
Cash items
6,391
5.797
3,390
Other assets
59,426
39,463
43,773
Total
$2,619,651 $2,544,378 $2,150,105
Liabilities
Capital stock
$600.000
$600,000
$600,000
Surp.fund & undiv.pro.(market val.)
158,371
174,061
168,691
Unpaid dividends
15,150
15,120
12,487
Reserved for taxes
2,449
Deposits subject to check
1,139,281
1,392,289
1.291,423
Demand etfs.of deposit (not pref.)_
10,445
13,770
15,354
Due savings and loan associations_ _
.
4,835
726
2,153
Due trust co's, banks and bankers
52,958
47,446
10,105
Bilis payable, incl. borrowed money..
100,000
175,000
Due as executor, administrator, &c
109,202
37,712
9,218
.Trust deposits and deposits secured
by State of New York bonds
85,000
80,000
36,063
Deposits withdrawable by pass-books
278,911
Certified cheeks
• 61,432
5,710
3,639
Other liabilities
4,066
95
972
Total
$2,619,651
Supplementary-For Cal. Year1910.
Tot. Int. & commis. rec'd during year $110,399
All other profits received during year
16,472
Ch'ged to profit & loss on acc't deprec.
(?)
Ch'ged to profit & loss acc't 0th. losses
19,877
Int. credited to depositors during year
33,292
Expenses during year, excluding taxes
35,868
Amt.of divs. declared on capital stock
30,000
Taxes paid during the year
8,220
Amt. deposlts on which int. is allowed 1,479,610
$2,544,378
1909.
$90,940
15,780
6,346
16,792
29,475
32,164
30,000
1,725
1,343,550
Nassau Trust.0o. (Brooklyn).
ResourcesJan. 1 1911. Jan.1 1910. Jan. 1 1909.
Bonds and mortgages
$492,750
$487,800 • $517,450
Stock and bond investments:
Public securities
249,930
253,700
298,750
Other securities
1,075,764
1,181,019
1,076,719
Loaned on collateral
1,752,787
2,447,890
1,523,008
Bills purchased
1,171,012
1,253,625
1,310,048
Overdrafts
47
258
42
Real estate
260,606
253,500
255,000
Due from approved res've depositories 1,072,166
1,448,350
855,639
Due from trust co's, banks & bankers.4,142
55,439
Specie
-- 81,617
3380,873
439,257
-tender notes & bills of nat. bksLegal
171,906
246,709
221,147
Cash items
9,461
7,071
1,572
Other assets
64,448
62,103
67,546
Total
*6,709,904
Liabilities
Capital stock
$600,000
Surplus fund (market value)
430,020
Unpaid dividends
174
Reserved for taxes
4,500
Deposits subject to check
4,623,065
Demand ctfs. of deposit (not pref.) _ _
2,521
• Time ctfs. of deposit (not pref.), payable after 30 days
234,665
Due trust co's, banks and bankers_ _ _
647,872
Due savings banks
Due savings and loan associations.. _ _
51,068
99,088
'Trust dep. not pay.within 30days(pf.)
-Certified checks
2,087
14,844
Other liabilities
$7,467,090
$7,179,562
$600,000
476,067
84
6,500
5.302,872
2,521
$600,000
435,572
708,694
50,662
124,741
645
9,788
293,536
55,470
764,652
51,568
100,453
8,843
37,644
$6,709,904
Total
Supplementary-For Cal. Year
1910.
commis. reo'd during year $274,188
Tot. int. &
20,279
All other profits received during year
66,234
Ch'ged to profit & loss on acc't deprec.
Ch'ged to profit & loss meet 0th. losses
7,182
124,939
Int. credited to depositors during year
Expenses during year, excluding taxes
79,109
Amt.of divs. declared on capital stock
48,000
Taxes paid during the year
10,635
•Amt. of dep. on which int. is allowed_ 4,522,900
$7,467,090
1909.
$277,535
81,545
26,596
116,476
136,078
80,510
48,000
9,921
5,509.974
$7,179,562
1908.
$280,013
33,693
46,421
82,430
132,120
76,892
40,000
9,266
5,270,337
184,516
9,000
4,820,324
2,500
$2,150,105
1908.
$130,237
855
3,191
28,847
44,692
25,000
6,380
1,167,919
Williaxasburgh Trust Co. (Brooklyn).
ResourcesJan. 1 1911. Jan. 1 1910. Jan.1 1909
Bonds and mortgages
$393,200
$497,275
$536,900
Stock and bond investments:
Public securities (market value) _ _ _
102.175
233,443
234,750
Other securities (market value)......
131,973
659,188
421,616
Loaned on collaterals
515.925
979,461
640,356
Bills purchased
176,532
638,102
432,679
Overdrafts
1,176
7
Real estate
776,243
768,590
728,069
Due froin trust co's, banks & bankers
8,753
8,753
Due from approved res've depositories
16,320
213,423
94,297
Specie
1,900
138,033
138,604
Legal-tender notes & bills,of nat.bks_
9,885
13,440
Other assets
•
35,144
35,085
33,004
Profit and loss, deficit
8,730
Total
$2,158.142
Liabilities
Capital stock
$700,000
Surp. fund & undiv. profits (mar. val) def.25.272
Reserved for taxes
8,500
subject to check
Deposits
142,570
Demand ctfs. of deposit (not pref.)-1,000
Due trust co's, banks and bankers
Dut savings banks
Due savings and loan associations.. _ _
190
Due as executor, administrator. &c.. _
3,053
T.dep. not pay. within 30 days (pf.)
21,986
Certified checks
1,058
Bills payable, incl. borrowed money_ 1,272,360
Other liabilities
7,425
$3,400,452
$4,064,437
$700,000
130,341
8,485
1,634,232
8,300
41,959
18,770
5,253
6,917
35,364
$700,000
224,084
6,741
1,404,360
1,763
213,391
805,140
5,691
Total
$2,158,142 63,400,452
Supplementary-Far Calendar Year
1910.
Total int. ec commissions received during year........
$91,577
_
All Other profits received during year
31,502
Charged to profit & loss on acct. of depreciation
(?)
Charged to profit & loss on account of other losses
(?)
credited to depositors during the year..
Interest
30.745
Expenses during the year, excluding taxes
190,000
Taxes paid during the year
16,481
Amount of deposits on which interest is allowed
(?)
10,377
36,531
2,817
1.454,975
9,398
64.064,437
1909.
$138,561
59,935
90,745
39,706
150.181
16,237
1.750,798
THE CHRONICLE
366
[VoL. Lxxxxn.
PHILADELPHIA COMPANIES.
Aldine Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Loans on commercial paper
Banking house
Cash on hand
Cash on deposit
Miscellaneous
Columbia Avenue Trust Co. (Philadelphia)-Concluded.
Dec. 31 '10. Dec. 31 '09. Nov. 27 '08.
$23,250
$21,200
$25,750
190,544
166,527
132,133
334,815
314,070
398,475
100,164
170,962
79,905
135,000
135,900
135,000
18,741
12,667
27,881
68,532
56,144
43,414
1,319
Total
LtabtittiesCapital stock (paid in)
Surplus fund
Undivided profits
Deposits
Ground rent (4%)
Miscellaneous
$874,468
$872,365
$845,560
$200,000
120,000
9,748
444,720
100,000
$200,000
120,000
8,790
443,575
100,000
$200,000
120,000
6,572
418,864
100,000
124
Total
Trust department uninvested (additional)
$874,468
$872,365
$18,375
1910.
a$17,930
1909.
$845,560
1908.
4%
Dividends paid in calendar year
a Figures are of date Nov. 6 1909.
Belmont Trust Co. (Philadelphia).*
ResourcesCash on hand and due from banks.
Commercial and other paper purchased
Loans on collateral
Loans on bonds and mortgages
Stocks, bonds, &c
Mortgages
Banking house, furniture and fixtures..
Miscellaneous assets
Nov.9 '10. *Nov.6'09.
$49,042
$25,141
37,655
29,728
34,133
57,638
12,055
2,470
116,897
98,463
72,450
32,600
46,953
46,236
806
806
$369,991
$293,082
$125,000
8,359
236,440
192
Total
Liabilities
Capital stock
Undivided profits
Deposits
Other liabilities
$125,000
4,470
163,512
100
$293,082
$33,616
Total _$369,991
Trust department (additional)
$38,296
• Began business Dec. 7 1908.
Central Trust & Savings Co. (Philadelphia).
Resources-Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Stock investments
$531,915
$520,912
$491,066
Comm'l and other paper purchased... 1,321,815
1,036,463
1,230,053
Amount loaned on collaterals
1,668,634
1,823,394
2,018,972
Real estate, furniture and fixtures
350,304
360,755
354.588
238,925
Cash on hand
201,026
158,667
Cash on deposit
604,359
582,605
583,441
10,040
Miscellaneous_
43,560
12,560
Total
Liabilities-Capital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
$4,880,200
$4,921,870
$4,341,984
$750,000
400,000
60,671
• 3,650,751
18,778
;750,000
350,000
59,976
3,755,115
6,779
$750,000
350,000
37,817
3,200,820
3,347
$4,341,984
$1,052,425
1908.
$4,880,200 $4,921,870
$1,080,922 a$1,073,984
1909.
1910.
Total
Trust department (additional)
Rate of interest paid on deposits of
$500 and over
2 & 3%
Dividends paid in calendar year
6%
2 & 3%
6%
2 & 3%
6%
Liabilities
Dec.31 '10. Dec. 31 '09. Dec. 31 '08.
Capital stock
$400,000
$400,000
$400,000
Surplus and undivided profits
436,564
363,050
407,508
Deposits
2,154,255
2,190,801
2,079,377
Dividend
16,000
12,000
16,000
Dividends and interest to depositors_
384
5,327
Total_
$3,043,749 $2,908,212 $2,929,305
Trust department (additional)
$347,694
$402,651
$414,942
1908.
1910.
1909.
Amount of deposits receiving interest
All
(?)
(?)
Rate of interest paid on deposits of
$500 and over.
(?)
2 & 3%
(?)
Dividends paid in calendar year
2%
2%
8%
Commercial Trust Co. (Philadelphia).
Resources
Cash on hand
Due from banks, &c
Loans on collateral
Stocks, bonds, &c
Real estate and vault
Other assets_ .
Dec. 31 '10. Dec. 31 '09. Jan. 30 '09.
$238,157
$246,8221 $2,328,779
1,711,0231
2,183,384
4,544,341
3,391,150
4,491,291
3,800,879
4.249,282
4,682,924
555,236
549,588
552,486
88,370
39,684
90,245
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
Deposits subject to check
Other liabilities
$11,133,573 $11,341,149 $11,268,919
ResourcesReal estate mortgages
Loans on collateral
Real estate
Cash on hand
Cash on deposit
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$93,750
$121,900
$168,950
323,577
353,936
427,944
69,014
92,500
86,000
25,898
31,594
27,054
13,552
30,339
33,880
292,346
320,298
364,166
$1,107,994
Total
Liabilities
$200,000
Capital stock
100,000
Surplus fund
18,910
Undivided profits
General deposits payable on demand) 738,519
Special deposits
50,565
Other liabilities
$944,871
$823,833
$200,000
100,000
14,849
1361,650
1248,590
19,782
$200,000
100,000
10,375
304,661
173,681
36,116
1,107,994
$181,215
$944,871
;112,455
$823,833
*$33,613
Total_
Trust department (additional)
* Figures are of date Nov. 27 1908.
Colonial Trust Co. (Philadelphia).
Resources-Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Real estate mortgages
$123,480
$22,730
$138,480
Stocks and bonds
376,237
307,603
343,823
Loans on collateral
608,479
669,073
494,575
Real estate, furniture and fixtures....
209,586
249,731
185,585
Cash on hand and In banks
154,928
183,715
122,677
Commercial and other paper owned
162,908
215,161
125,902
Other assets
1,171
3,890
2,897
Total
LiabIlittesCapital stock
Surplus and undivided profits
General deposits
$1,649,184
$1,639.508
$250,000
269,746
1,119,762
$250,000
272,018
891,921
Total
Trust department (additional)..
$1,649,184
$212,083
1910.
2 & 3%
4%
$1,639•,508
$75,031
1909.
2 & 3%
4%
$1,413,939
*$78,622
1908.
2 & 3%
4%
$1,000,000
1,500,000
381,192
8,357,337
30,390
$11,133,574 $11,341,149 $11,268,919
$1,204,135
$231,029
a$204,151
1910. 1909. 1908.
Rate of Interest paid on deposits of $500 and over.___ 2%
2%
2%
Dividends paid In calendar year
12%
13% 12%
a Figures are of date Dec. 16 1908.
Commonwealth Title Insurance & Trust Co. (Philadelphia).
ResourcesReal estate mortgages....
Bonds
Loans on collateral
Real estate.
Cash on hand
Cash on deposit
Other assets
Total
Liabilities
Capital stock paid in
Surplus and reserve,fund
Undivided profits
Deposits
Other liabilities
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$346,180
$344,800
$304,003
3,393,312
3,739,279
3,459,830
1,825,284
1,883,204
1,779,708
1,367,845
1,322,841
1,354,203
274,040
231,375
247,553
411,278
437,100
499.922
120,838
118,834
113,776
. $7,669,868
$7,908,346
$7,996,991
$1,000,000
1,100,000
323,073
5,246,546
249
$1,000,000
1,100,000
222,966
5,570,332
• 15,048
$1,000,000
1,100,000
169,153
5,727,619
219
$7,669,868 $7,908,346 $7,996,991
$12,499,-186 $12,079,681 $7,645,658
1910. 1909. 1908.
Rate of Interest paid on deposits of $100 and over........ 2%
2%
2%
_
12%
12%
Dividends pald in calendar year_
12%
Total
Trust department (additional)
Continental Title & Trust Co. (Philadelphia).
Resources
Real estate mortgages
Stocks and bonds._
Loans on collateral
Cash on hand and in bank
Overdrafts
Other assets
Real estate, furniture and fixtures
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$517,522
$462,393
$502,392
1,096,823
1,082,841
1,100,930
2,054,614
2,068,587
1,510,443
439,225
419,892
647,002
546
358
315
10,923
8,985
19,921
286,760
321,210
396,070
Total
$4,406,413
Liabilities
Capital stock
$500,000
Surplus
200,000
Undivided profits
101,398
Dividends unpaid
283
Deposits, special
1,098,447
General deposits, payable on demand 2,466,408
Deposits, special settlement
23,515
Other liabilities
16,362
$4,364,266
$4,177,073
$500:000
200,000
75,608
448
1,094,180
2,457,587
24,931
11,512
$500,000
256,470
223
1,232,819
2,155,633
23,738
8,190
Total
Trust department (additional)
$4,406,413 $4,364,266 $4,177,073
a$551,415
$577,008
$464,482
1910.
1909.
1908
Rate of Interest on deposits of $500 and over__2 & 3% 2 & 3% 2 & 3%
6%
Dividends paid in calendar year
6%
6%
a Figures are of date Nov. 27 1908.
,Empire Title & Trust Co. (Philadelphia).
Resources
Nov. 9 '10. Nov. 6 '09. Dec. 31 '08.
$13,675
Cash on hand.
$18,970
$17,304
9,262
24,061
Due from banks and bankers
39,901
123,045
83,290
25,167
Loans
54,402
Stocks, bonds, ece
133,322
118,866
136,438
Mortgages
129,536
130,140
58,385
57.729
Real estate, furniture and fixtures.._
57,472
Miscellaneous
2,841
5,052
Total
Liabilities
Capital stock (paid In)
Surplus undivided profits
Deposits
Miscellaneous
$465,877
$377,774
$395,207
$156,575
17,961
290,241
1,100
$156,575
8,879
211,120
1.200
$155,638
5,988
233,581
Total
Trust department (additional)
$465,877
$655
$377,774
$622
$395,207
$575
$1,413,939
$250,000
270,840
1,128,344
$1,000,000
1,500,000
593,702
8,160,216
87,231
Total
Trust department (additional)
a Figures are of date Nov. 6 1909.
Chelten Trust Co. (Philadelphia).
$1,000,000
1,750,000
512,750
7,809,589
61,235
Rate of interest paid on deposits
Dividends paid in calendar year
• Figures are of date Nov. 27 1908.
Columbia Avenue Trust Co. (Philadelphia).
Resources
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Cash on hand and due from banks_
$385,101
$482,678
$524,828
Commercial and other paper owned.._
71,500
73,050
121.000
Loans on collateral
251,645
242,8041 1,005,822
Loans on bonds and mortgages
874,384
727,714
Stocks. bonds, &o
619,005
769,242
712,715
264,554
318,714
286,836
Mortgages
Banking house, furniture, &e
180,000
180,000
180,000
Other real estate
205,681
191,417
194,134
Miscellaneous assets (accrued interest)
8,415
1,746
8,281
Total
$3,043,749
$2,908,212
$2,929,305
Equitable Trust Co. (Philadelphia).
Resources
Real estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand and In banks
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$124,609
$216,195
$118,359
1,131,812
1,170,828
1,184,000
2,182,317
2,427,935
2,165,211
402,244
388,635
392,403
395,836
405,439
360,469
153,325
112,224
339,408
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
General deposits
Next dividend
$4,345,036
$4,559,850
$4,766,363
$1,000,000
•
225,000
45,993
• 3,044,043
•
30,000
$1,000,000
225,000
39,892
3,264,958
30,000
$1,000,000
225,000
37,073
3,474,290
30,000
Total
$4,345,036 $4,559,850 $4,766,363
Trust department (additional)
$3,282,797 $2,912,342 $1,772,642
•
1910.
1909.
1903.
_ate of Interest on deposits of $500 and over_2 & 3% 2 & 3% 2 &
Dividends paid in calendar year
6%
• 6%
6%
l.PEB. 11 1911.1
THE CHRONICLE
Excelsior Trust & Savings Fund Co. (Philadelphia).
ResourcesCash on hand
•
Due from banks, &o
Stocks and bonds
Loans on collateral
Mortgages
Real estate, furniture and fixtures
Other assets
Dec. 31 '10. Dec. 31 '09. Dec.31 '08.
$52,574
$30,000
$37,000
39,594
102,000
44,500
554,743
581,000
646,000
359,273
293,700
310,700
484,682
337,000
274,000
40,610
40,500
41,000
12,151
8,000
8,000
Total
Liabilities
Capital stock
Undivided profits and reserve fund
Deposits
$1,543,627
$1,481,200
$1,272,200
$300,000
93,508
1,150,119
$300,000
70,000
1,111,200
$300,000
52,200
920,000
Total
$1,543,627 $1,481,200 $1,272,200
1910.
1909.
1908.
Rate of interest on deposits of $500 and over_ _2 & 3% 2 & 3% 2 & 3%
Dividends paid in calendar year
5%
5%
5%
Fairmount Savings Trust Co. (Philadelphia).
-Dec. '10. Dec. 31 '09. Dec. 31 '08.
Resources
31
Cash on hand and in bank
$91,921
$76,539
$83,101
Reserve bonds
46,789
482,576
201,563
Bonds other than reserve
442,422
Demand loans
265,131
141,653
119,535
• Time loans
139,030
Mortgages
60,578
73,961
16,147
Commercial paper
16,600
46,425
35,580
Furniture and fixtures
35,258
35,269
32,091
Overdrafts
283
Accrued interest, receivable
9,230
367
Frankford Trust Co.(Philadelphia).
ResourcesDec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Real estate mortgages
$437,420
$426,945
$369,995
Stocks and bonds
1,399,982
1,363,790
1,188,826
Loans on collateral
364,264
244,505
258,400
Loans on personal securities
60,236
76,184
60,910
Real estate.
26,000
26,000
26,000
Cash on hand
73,293
60,246
61.246
Cash on deposit
141,087
127,733
122,453
Other assets (incl. vault,(urn. & fix.)
9,500
10,500
11,500
Total
$2,511,782 $2,335,903 $2,099,330
Liabilities
Capital stock
$125,000
$125,000
$125,000
Surplus and reserve fund
175,000
150,000
125,000
Undivided profits
49,000
51,227
54,590
Gen. dep. payable on demand & time 2,156,532
2,004,676
1,790,365
Dividends payable
6,250
5,000
4,375
Total
$2,511,782 $2,335,903 $2,099,330
Trust department (additional)
$419,931
$351,730
$274,513
Statistics for Calendar Year
1910.
1909.
1908.
Increase profit and loss for year, including surplus
$22,772
$21,636
$16,985
Int. credited depositors during year
51,033
46,149
43,621
Expenses of institution, same period_
19,988
17,060
16,231
Amt. dividends on company's stock_
12,500
10,000
8,750
Amt. deposits receiving interest
2,156,532
2,004,676
1,790,365
Rate of Interest paid on deposits_ _ _ _
2% Check, 3% Time
--
Franklin Trust Co. (Philadelphia).
ResourcesNov. 9 '10. Dec. 31 '09. Dec. 31 '08.
Bonds and mortgages
$109,159
$109,908
$84,201
Stocks and bonds
88,025
106,877
88,087
Amount loaned on collaterals and
Total
personal securities
1,055,846
$1,107,242
$856,423
760,346
$488,017
630,174
Liabilities
Cash on hand
59,272
23,656
23,108
Capital paid in
111,530
$248,100
93,408
$237,300
$162,978 Cash on deposit
43,794
Surplus and undivided profits
20,240
55,697
39,987
16,301
25,678 Other assets
9,100
Deposits
803,445
570,186
299,361
Total
$1,444,072 $1,110,496
$878,464
Liabilities
Total
$1,107,242
$856,423
$488,017 Capital stock paid In
$361,444
$271,738
$200,000
Trust department (additional)
a$9,970
a$5,044
a
Surplus and undivided profits
103,124
98,931
85,997
Note.
-Rates of interest paid on deposits of $100 and over, 2% & 3.65%. Deposits
893,004
739,733
567,382
Other liabilities, bills payable
86,500
94
25,085
a Figures are of date, Nov. 9 1910 and Nov. 6 1909.
Total
$1,444,072 $1,110,496
$878,464
Trust department (additional) _.,_ _
$2,053
$1.631
Federal Trust Co. (Philadelphia).
a$1,344
ResourcesGerman-American Title & Trust Co.(Philadelphia).
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Bonds
$101,385
$97,148
$77,352
-Dec. '10. Dec. 31 '09. Dec.
Resources
31
Real estate mortgages
31 '08.
65,045
66,000
56,560 Cash on hand
$52,729
$61,211
Loans on collateral
$74,004
249,369
184,395
119,650 Due from banks, &c
136,568
175,398
Loans on personal securities
156,493
67,218
31,303
70,801 Loans on collaterals
713,782
788,540
Real estate
744,535
67,200
68,200
68,758 Stocks, bonds, &c
975,721
866,397
Cash on hand
915,044
30,944
25,490
16,966 Mortgages
583,752
Cash on deposit
605,820
671,514
43,940
24,384
28,847 Commercial paper purchased
31,923
Other assets
17,249
1,522
1,585
1,320 Real estate, furniture and fixtures_ _ _
302,300
275,000
275,000
Other assets
4,299
Total
2,708
9,823
$626,623
$499,495
$440,254
Liabilities
Total
$2,801,075 $2,792,323 $2,846,413
Capital stock
Liabilities
$125,500
$125,500
$125,445 Capital
Surplus fund
stock
$500,000
44,603
$500,000
39,101
$500,000
37,286 Undivided
General deposits payable on demand..
336,627
456,512
306,056
334,879
270,347
277,523 Deposits profits and reserve fund
Other liabilities
1.964,303
8
1,986,123
2,075,991
15
Other liabilities
144_
144
75
Total
$626,623
Total
$409,495
$440,254
$2,801,075 "1:792,323 $2,846,413
1910.
1909.
1908. ' Trust department (additional)
$526,895
$451,718
$215,058
Amount of deposits receiving Interest
$456,512
Statisticsfor Fiscal Yr. end.Sept.30- 1910.
$334,879
$307,276
1909:
1908.
Rate of interest paid on deposits__
2 & 3%%
2 & 3;i70
$141,841
2 & 33i% Total profits for year
$131,651
$137,182
Int. credited depositors during year
41,982
43,672
41,177
Fidelity Trust Co. (Philadelphia).
Expenses of institution, same period_
39,703
37,368
39,598
Amount
Resources24,990
24,900
Nov. 9 '10. Nov. 6 '09. Jan. 31 '09. Amount of divs. on company's stock_
19.992
of deposits receiving interest 1,816,817
Bonds and mortgages
1,869,277
$1,008,181 $1,865,181 $1,756,181 Rate
1,729,032
of interest paid on deposits_
Stocks, bonds, &is
2 & 3%
2 & 3%
14,130,703 14,971,237 13,803,136
2 & 3%
Loans on collateral
13,534,062 15,195,565 11,081,060
Germantown Trust Co. (Philadelphia).
Real estate
1,978,000
1,988,584
1,993,334
Cash on hand
Resources1,001,668
1,120,7301
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Cash on deposit
4,067,972
3,758,890f 7,558,008 Cash on hand, due from banks, &c__
$657,779
$833,909
$503,976
Other assets
33,440
22,912
22,911 Loans on collateral
2,540,264
2,823,075
2,649,434
Loans on bonds and mortgages
369,589
275,144
367,344
Total
$36,745,016 $38,923,108 $36,214,639 Stocks, bonds, &c
1,806,185
1,650,284
1,426,096
Liabilities
Real estate, furniture and fixtures_..
170,191
171,235
160,000
Capital stock
$2,000,000 $2,000,000 $2,000,000 Other assets
18,656
18,028
30,965
Surplus and profits
10,505,604
9,847,216
9,396,158
Total
$5,562,664- $5,772,575 45-Deposits
,
137,815
24,212,049 26,930,732 24,701,735
Liabilities
Other liabilities
27,363
136,160
116,746 Capital stock
$600,000
$600,000
$600,000
Surplus and profits
793,818
740,758
Total
695,920
$36,745,016 $38,923,108 $36,214,639 Deposits
4,168,846
4,931,817
Trust department (additional)
3,841,895
116,990,319 113,191,250'108,636,340
Total
$5,562,664 $5,772,575 $5,137,815
1910.
1900,
1908. Trust department
Dividends paid in calendar year
(additional)
$5,569,220 $5,196,069 $4,621,306
32%
25%
25%
1910.
1909.
1908:
Itatc of interest paid on deposits of
• Figures are of date Nov. 27 1008.
$500 and over
2%
2%
2%
Dividends paid in calendar year
Finance Co. of Pennsylvania (Philadelphia).
10%
8%
8%
Resources
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08
Girard Avenue Title & Trust Co. (Philadelphia).
Cash on hand
$55,329
$69,141
$66,573
ResourcesDec. 31 '10. Nov. 6 '09. Dec. 31 '08.
Due from banks, &c
282,027
259,457
208,413 Real estate mortgages
$165,500
$151,750
Commercial and other paper owned_ _
$94,500
37,758
305,774
25,000 Stocks and bonds
372,363
438,257
Stocks, bonds, &a
447,451
5,520,725
5,870,542
5,056,332 Call loans on collateral
314,837
267,950
Loans on collateral
188,425
1,170,224
948,888
2,440,294 Time loans on collateral
35,292
30,485
Mortgages
28,870
197,000
341,250
385,253 Commercial paper
28,400
29,681
Other assets
40,603
12
1,122
23,132 Real estate
52,145
52,145
Real estate
52,145
526,529
491,339
491,339 Cash on hand
34,933
34,048
27,109
58,655
Total
25,632
54,591
$7,789,604 $8,287,513 $8,786,337 Cash on deposit
Furniture, fixtures and vault
16,856
Liabilities
17,739
18,650
Capital stock
771
$3,440,300 $3,493,200 $3,493,200 Miscellaneous
54
Undivided profits and reserve fund
Total
2,040,990
1,728,134
1,648,034
$1,078,981 • 11.048,458
$952,398
Deposits
Liabilities
970,681
1,045,688
1,318,212
Bills payable
1,314,595
2,020,000
$200,000
2,309,750 Capital stock
$200,000
$200,000
Miscellaneous liabilities
23,038
491
106,000
17,141 Surplus fund
106,000
106,000
Undivided profits
30,033
22,214
16,779
Total
$7,789,601 $8,287,513 $8,786,337 Deposits, special
246,482
216,496
180,780
1910.
1909.
496,486
1908. General deposits, payable on demand
503,748
448,839
Rate of interest paid on deposits of
Total
$1,078,981 $1,048,458
$952,398
$500 and over
2%
2%
2% Trust department (additional)
$9,887
$9,285
a$7,215
Dividends paid in calendar year
1910
First preferred stock
6%
6%
6% Amount of deposits receiving interest,
Second preferred stock
5 & 1% ex. 5 & 1% ex. 5 & 1%ex. Rate of interest paid on deposits of $500$246,462 ® 3%, $496,486 ® 2%.
and over
2% ec 3%
Dividends paid in calendar year
7%
First Mortgage Guarantee & Trust Co. (Philadelphia).
a Figures are of date Nov. 27 1908.
ResourcesDec. 31 '10. Dec. 31 '09.
Girard Trust Co. (Philadelphia).
Cash on hand and in bank
$169,687
$243,446
ResourcesLoans
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
1,139,720
917,149
Bonds and stocks
$6,847,244 $6,028,493 $6,819,313
546,918
405,823 Cash on hand and in banks
Mortgage investments
22,208.707 22,900,701 21,234,995
395,500
202,900 Loans
Building
Securities
13,790,743 15,336,134 15,465,855
220,422
216,487
Furniture and fixtures
2.894,348
2,896,547
5,112
3,056 Real estate
3,386,684
Miscellaneous assets
23,832
Total
28,509
$45,741,132 $47,161,875 $46,9067847
Liabilities
Total
$2,501,191 $2,018,271 Capital stock
$2,500,000 $2,500,000 $2,500,000
Liabilities
Surplus fund
7,500,000
7,500,000
7,500,000
Capital stock paid
$1,000,000
$086,046 Undivided prolits
1,939,411
1,568,029
1,088,201
Surplus and profits
411,535
334,481 Deposits
33,376,721 35.218,846 35,518,646
Deposits
1,071,166
687,848 Dividend
425,000
375,000
300,000
mtsccitanCOliti ifablititis
18,490
9,896
Total
$45,741,132 $47,161,875 $46,906,841
Dept. excl. of Corp. trusts_ _ _a110,441.641a105,147,475 a83,229,578
Total (iC-partmenf_
__ -_____
$2 501 191 $2,018,271 Trust
__
1910.
Trust
1909.
1908.
a$9:564
,
a$4,238 Rate of interest paid on deposits of
Note.
-Rate of interest paid on deposits, 2% and 4%.
$500 and over
2%
2%
2%
Dividends paid In calendar year _ _ _
34%
30%
24%
a Figures arc of date Nov. 9 1910 and Nov. 6 1909, respectively.
a Figures are of date Nov. 9 1910, Nov. 6 1909 and Nov. 27 1908.
-
[VoL. Lxxxxii.
THE CHRONICLE
368
Guarantee Trust & Safe Deposit Co. (Philadelphia).
Resources'Cash on hand
Due from banks and bankers
Loans on collateral
Loans on bonds and mortgages
Stocks, bonds, &c
Mortgages
Real estate, furniture and fixtures
Other assets
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
Total
Trust department (additional)
Dividends paid in calendar year
Dec. 31 '10. Nov. 6 '09. Nov. 27 '08.
$257,831
$212,895
$231,424
454,106
576,810
502,423
2,629,265
2,961,645
2.725,016
66,400
203,700
245,550
2,542,802
2,459,054
2,381,774
9,200
98,300
168,300
610,007
609,464
604,040
36,447
39,205
31,411
$6,889,938
$7,161,073
$6,606,058
$1,000,000
600,000
78,233
5,211,395
310
$1,000,000
600,000
58,087
5,502,425
561
$1,000,000
600,000
40,496
4,965,037
525
Hamilton Trust Co. (Philadelphia).
51,891,221
$1,995,927
$2,015,664
$400,000
125,000
22,456
1,237,186
100,000
6,579
$400,000
125,000
34,429
1,436,498
$400,000
125,000
27,064
1,357,760
100,000
5,840
$1,891,221 $1,995,927 $2,015,664
Total
a$73,868
a$23,974
a537,633
a Trust department (additional) ___ _
1908.
1909.
1910.
Rate of Interest paid on deposits of
2% & 3%
5500 and over
6%
6%
8%
Dividends paid in calendar year
a Figures are of date Nov. 9 1910, Nov. 6 1909 and Nov. 27 1908.
Holmesburg Trust Co. (Philadelphia).
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources514,905
514,262
515,862
Cash on hand
7,673
27,544
36,267
Due from banks and bankers
13,069
41,260
35,624
Commercial and other paper owned
63,600
60,700
60,350
on collateral
Loans
207,582
198,186
244,039
Stocks, bonds, &o
14,550
43,875
43,897
Mortgages
39,298
38,000
38,000
and fixtures_ _ _
Real estate, furniture
835
3,166
2,006
Miscellaneous assets
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
Dividends unpaid
5476,045
5426,993
5361,512
5125,000
40,000
3,026
307,865
154
5125,000
35,000
3,469
263,524
$125,000
25,000
6,038
205,472
$361,512
$426,993
$476,045
a$1,134
$158
5572
1908.
1909.
1910.
paid on deposits_ __ _-2% check accts. 3% say, fund
Rate of interest
None.
2%
2%
Dividends paid in calendar Year,_ _ _
27 1908.
a Figures are of date Nov.
Total
Trust department (additional)
Independence Trust Co. (Philadelphia).a
Dec. 31 '10. Dec. 31 '09. aJune29 '09.
ResourcesStock and bond investments (market
53,081,808 52,921,130 53,224,798
value)
347,975
1,107,785
1,048,481
Loans on collateral
99,138
255,262
346,229
Other loans, including bills purchased
Due from trust co's, banks, bankers
417,432
219,081
302,989
and brokers
2,1511
Specie
72,857
66,654
68,8981
Legal-tender notes & notes nat. bks_
200,013
222,723
25,595
Other resources
$4,876,151 54,792,635 $4,362,213
Total
Liabilities
$2,000,000 $2,000,000 52,000,000
Capital
671,021
631,205
708,383
Surplus & undiv. profits (mar. value)
1,691,192
2,161,430
2,167,768
Deposits
$4,876,151 $4,792,635 $4,362,213
Total
653,929
Trust department (additional)
of the
a Began active business Dec. 19 1908 as a reorganization 1910. Investment Co. See V. 88, p. 980. b Figures are of date Nov. 9
Industrial Trust, Title & Savings Co. (Philadelphia).
Resources
Cash on reserve
Loans on collateral
Mortgages and ground rents
Stocks, bonds, &o
Real estate
Furniture and fixtures
Total
LfabflitiesCapital stock (full paid)
Surplus
Undivided profits (net)
Dividends
Deposits
Total
Trust department (additional)
Dec. 31 '10. Jan. 1 '10. Dec. 31 '08.
$541,957
$573,131
$428,937
1,891,713
1,710,289
1,945,262
2,031,850
1,638,970
2,044,832
1,421,553
1,329,134
1,431,253
121,0011
199,632
200,466
76,956f
$6,048,241 $6,086,705 $5,451,990
$500,000
$500,000
725,000
790,000
45,500
45,500
25,000
25,000
4,791,205
4,687,741
$
$6,048,241- - 6,086,705
a$319,859
a$320,018
Dividends paid in calendar year
4, a Figures are of date Nov. 9 1910 and Nov. 6 1909.
$500,000
700,000
33,351
25,000
4,193,639
55,451,990
$312,489
1910.
10%
Integrity Title Ins., Trust & Safe Deposit (Philadelphia).
Nov. 9 '10. Nov. 6 '09. Dec. 31 '08.
Resources$1,596,799 51,394,190 51,192,822
Real estate mortgages
1,821,904
1,799,886
1,732,607
Stocks and bonds
1,054,998
1,272,324
coll. & corn. paper purchased 1,239,994
Loans on
82,000
71,000
71,000
Real estate, furniture and fixtures
590,616
443,052
475,886
Cash on hand and on deposit
3,855
5,221
6,288
Other assets
55,122,574 54,985,673 54,746,195
Total
Liabilities
$503,000
$500,000
$500,000
Capital stook
750,000
700,000
825,000
Surplus fund
194,099
194,803
215,086
Undivided profits
3,597,931
3,534,711
3,322,569
Deposits
6,863
8,540
4,840
Other liabilities
$5,122,574 $4,985,673 54,746,193
Total
$596,893
$602,352
$446,221
Trust department (additional)
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
595,490
I5130,750
144,274
224,093
5898,1081
134,835
138,825
52,039
78,694
17,102
83,105
24,992
49,962
109,898
18,512
68,203
37,890
51,049,416
5745,142
5512,214
5150,000
25,000
13,065
858,351
3,000
$150,000
10,000
17,543
566,757
842
$150,000
51,049,416
1910.
2%
4%
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits
Miscellaneous liabilities
Total
$6,889,938 $7,161,073 56,606,058
517,179,730 $13,968,440 $14,228,463
1910.
10%
Dec. 31 '10. Dec. 31 '09. Nov. 27 '08.
Resources$74,562
$86,625
$75,675
Cash on hand
96,255
95,088
148,144
Checks, and due from banks. &c_
548,161
521,112
428,079
and other paper owned
Commercial
391,794
321,915
246,341
Loans on collateral
191,161
129,227
185,312
Loans on bonds and mortgages
321,128
350,432
354,673
Stocks, bonds, &c
222,450
155,250
192,800
Mortgages
270,031
219,333
245,987
Real estate, furniture and fixtures_ _ _
10,115
8,017
13,145
Miscellaneous, accrued int. receivable
Total
Liab ifflies
Capital stock
Surplus fund
Undividel profits
Deposits
Bills payable
Miscellaneous, accrued int. payable
Kensington Trust Co. (Philadelphia).
Resources
Real estate mortgages
Loans on collateral
Loans on personal securities
Stocks, bonds, &o
Cash on hand
Cash on deposit
Other assets
5745,142
1909.
2%
___
$512,214
1908.
2%
__ _
Rate of int. paid on dep. of $500 & over
Dividends paid In calendar year
19,828
340,985
1,401
(The) Land Title & Trust Co. (Philadelphia).
ResourcesCash on hand
Due from banks, &c
Loans upon coll. & bonds & mtges
Stocks,' bonds, &c
Mortgages
Real estate, furniture and fixtures
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
5351,620
5424,624
$356,757
1,801,194
2,792,148
1,932,471
4,066,350
4,793,128
5,105,158
4,047,380
3,528,600
3,168,937
629,450
997,000
920,800
1,900,930
1,900,930
1,900,929
394,174
414,908
391,396
Total
Liabilities
Capital stock paid in
Surplus and reserve fund
Undivided profits
Deposits
513,776,448 514,851,338 513,191,098
52,000,000
3,000,000
581,893
8,194,555
52,000,000
3,000,000
249,585
9,601,753
52,000,000
2,500,000
475,231
8,215,867
$13,776,448 514,851,338 513,101,098
517,909,391 517,244,574 516,691,848
1908.
1909.
1910.
(7)
(?)
Amount of deposits receiving interest $6,646,481
2%
2%
Rate of int. paid on dep. of $500 & over 2%
12%
10%
10%
Dividends paid In calendar year
Total
Trust department (additional)
Logan Trust Co. (Philadelphia).
Dec. 31 '10. Dec. 31 '09. Nov. 27 '08.
Resources
$50,779
$76,682
$67,274
Cash on hand
170,332
84,915
102,341
Due from banks and bankers
654,599
1,027,557
863.031
Loans on collateral
437.214
637,962
686,745
Bonds
157,500
189,652
239,466
Mortgages
279,670
280,229
280,856
Real estate, furniture and fixtures_ _ _
12,6891
Accrued interest, net
894
12,703
Miscellaneous assets
1,7241
$2,304,126 52,309,700 51,750,988
Total
Liabilities
$500,000
5500,000
5500,000
Capital stock paid in
135,374
170,991
190,089
Surplus fund and undivided profits_ _
935,114
1,264,444
1,273,119
Deposits
30,500
49,694
39,891
Due to banks and bankers
150,000
150,000
150,000
Ground rent
150,000
170,000
Bills payable
216
Dividends unpaid
811
4,571
Miscellaneous
52,304,126
$126,153
1910.
2%
Rate of int. paid on dep. of $500 & over
2%
Dividends paid in calendar year
Total
Trust department (additional)
52,309,700 51,750,988
$45,677
$94,464
1908.
1909.
2%
2%
None.
None.
Manayunk Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Judgment notes
Loans
Real estate and fixtures
Cash on hand
Cash on deposit
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$435,816
$440,886
5414,123
419,146
409,152
437,160
8,970
9,218
8,000
538,743
513,454
472,507
40,100
32,185
32,485
50,595
46,486
45,915
128,344
221,386
101,097
9.227
29.241
5,724
$1,743,997
Total
Liabilities
$250,000
Capital stock
160,000
Surplus fund
28,167
Undivided profits
649,502
General deposits payable on demand_
644,924
Special deposits
11,404
Other liabilities
Total
Trust department (additional)
51,743,997
5584,362
Dividends paid in calenlar
$1.588,952
$1,517,011
5250,000
150,000
22,963
535,653
611,143
19,193
$250,000
140,000
24,874
495.992
597,155
8,990
$1,588,952 $1,517,011
$550,929
$567,407
1909.
1910.
8%
8%
Market Street Title & Trust Co. (Philadelphia).
Nov. 9 '10. Not. 6 '09. Nov. 27 '08.
Resources
$23,330
$27,934
555,702
Cash on hand
19,561
60,699
91,712
Due from banks and bankers
168,358
270,740
461,473
Loans on collateral
158,665
102,065
142,495
Loans on bonds an I mortgages
86,946
175,539
201,362
Stocks, bonds, &c
3,000
92,500
72,900
Mortgages
84,893
85,217
86,268
Real estate, furniture and fixtures_ _ _
5,387
7,478
9,758
Miscellaneous assets
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
Other liabilities
51,121,670
$822,172
5550,140
5125,000
40,000
25,128
927,230
4,312
$125,000
25,000
22,560
644,918
4,694
$125,000
25,000
12,481
385,413
2,246
Total
Trust department (additional)
$1,121,670
$1,491
$822,172
$2,108
$550,140
Merchants' Trust Co. (Philadelphia).
ResourcesCash on hand
Due from banks and bankers
Loans on collateral
Loans on bonds and mortgages
Stocks, bonds, &c
Mortga:es
Real estate, furniture and fixtures
Other assets
,
Total
Liabilities
Capital stook
Surplus fund
Undivided profits
Deposits
Other liabilities, bills payable
Total
Trust department (additional)
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08.
$50,714
$31,740
537,256
122,135
52,113
37,743
537,065
310,221
435,536
141,100
140,100
140,100
586,008
572,585
556,427
93,300
• 117,400
86,190
153,492
_
153,030
151,111
6,424
5,941
5,712
$1,333,614 51,499,591 $1,690,238
$500.000
50,000
37,273
744,861
1,480
$1,333,614
$548,871
$500,000
50,000
51,841
897,374
376
$1,499,591
$524,465
$500,000
50,000
59,317
1,080,921
51,690,238
$541,121
FEB. 11 1911.]
Mortgage Trust Co. of Pennsylvania (Philadelphia).
Resources
-
Cash on hand
Due from banks, &c
Call loans on collateral
Loans on bonds and mortgages
Real estate
Other assets
Nov. 9 '10. Nov. 6 '09. Nov.27 '08.
$12,063
$10,312
$7,522
82,841
54,192
100,912
149,855
199,800
139,450
1,940,402
919,036
1,423,553
47,160
20,444
20,868
2,278
7,825
1,478
Total
Liabilities-Capital stock
Contingent fund
Deposits subject to check
Debenture bonds
Other liabilities
$1,206,062
$1,693,783
$2,240,155
$500,000
378,057
127,105
200,900
$500,000
349,748
134,209
698,400
11,426
$500,000
316,304
109,455
1,311,100
3,295
Total
Trust department (additional)
$1,206,062
$7,500
$1,693,783
$2,240,155
Mutual Trust Co. (Philadelphia).
Dec. 31 '10. Dec. 31 '09. Nov. 27 '08.
Resources
$31,168
$45,496
$31,606
Cash on hand
109,467
110,303
92,067
Due from banks and bankers
166,473
195,557
174,138
Commercial and other paper owned.._
506,878
316,366
412,094
Loans on collateral
172,608
221,670
186,849
Stocks, bonds, &c
129,200
33,300
225,400
Mortgages
8,000
10,133
8,000
Furniture and fixtures
3,749
3,029
Interest receivable
Total
Liabilities
Capital stock paid in
Undivided profits
Deposits
Miscellaneous, money borrowed
369
THE CHRONICLE
$1,165,309
$1,127,543
$900,699
$435,247
83,286
546,776
100,000
$432,608
44,250
550,685
100,000
$390,144
14,900
493,765
1,890
$900,699
$1,165,309 $1,127,543
Total
Note -Rate of interest paid on deposits of $510 and over, 2 to 3 3.5% •
Northern Trust Co. (Philadelphia).
Dec. 31 '10.
Resources$1,378,620
Real estate mortgages
2,864,746
Bonds and investment securities
3,286,444
Loans on collateral
220,001
Real estate
655,128
Cash
16,383
Accrued interest
$8,421,322
Total
Liabilities
$500,000
Capital stook
1,400,000
Surplus fund
44,348
Undivided profits
6,476,974
Deposits
$8,421,322
Total
$9,288,956
Trust department (additional)
1910.
Statistics for Calendar Year$151,422
Int. credited depositors during year_
50,000
Amt.of dividends on company's stock
Avge. amt. deposits receiving interest 6,200,000
2 & 3%
Rate of interest paid on deposits_ _ _ _
Dec. 31 '09. Dec. 31 '08.
$1,236,770 $1,505,380
2,647,106
2,594,104
3,355,925
2,668,649
220,554
219,838
660,128
962,245
11,196
6,502
88,131,670 *7,956,718
$500,000
$500,000
1,275,000
1,150,000
30,399
45,359
6,326,280
6,261.359
$8,131,679 $7,956,718
$6,414,876 $5,302,303
1909.
1908.
$151,936
$146,100
50,000
50,000
6,250,000
6,160,000
2 & 3%
2 &3%
North Philadelphia Trust Co (Philadelphia).
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources$231,413
$243,253
$302,395
Bonds and mortgages
247,929
246,075
244,866
Stocks and bonds
554,120
380,432
514,354
Amount loaned on coliaterals
133,428
80,364
172,127
Amount loaned on personal securities
83,170
49,141
68,133
Cash on hand
117,561
61,493
94,009
Cash on deposit
53,484
54,168
53,057
Other assets
$1,451,261 $1,429,455 $1,104,237
Total
Liabilities
$150,000
$150,000
$150,000
Capital stock
1,190,802
885,069
Gen. deposits pabge on dem. & time_ 1,190,001
111,260
69,169
88,653
Other liabilities
$1,451,261 $1,429,455 $1,104,237
Total
$20,614
$18,000
$9,652
Trust department (additional)
1910.
1908.
1909.
$11,900
(?)
Amt. of deposits receiving interest_ _
(?)
2 & 3%
2 & 3%
2 & 3%
Rate of int. on deposits of $500 & over
6%
6%
8%
Dividends paid in calendar year
Northwestern Trust Co. (Philadelphia).
Pennsylvania Co. for Insurances on Lives ez Granting
Ann aides (Philadelphia)-Concluded.
Nov.9'10. Nov.6'09. Nov. 27'08.
$2,000,000 $2,000,000 $2,000,000
3,000,000
3,500,000
3,500,000
914,214
656,824
706,760
19,248,947 19,381,304 16,802,139
142,273
108,845
146,169
LiabilitiesCapital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
$25,805,434 $25,734,233 $22,567,808
166,223,414 152,540,143 146,158,631
1910.
1908.
1909.
2%
2%
2%
Rate of int. on deposits of $500 & over
20%
20%
20%
Dividends paid in calendar year
Total
Trust department (additional)
Pennsylvania Warehousing & Safe Dep. Co. (Philadelphia).
ResourcesCash on hand
Due from banks and bankers
Accrued storage charges
Loans on collateral
Investment securities owned
Real estate, furniture and fixtures
Other assets
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08.
$16,750
$18,096
$22,944
104,703
90,411
71,788
48,589
55,565
38,069
470,604
427,195
513,181
494,201
629,345
533,185
745,786
745,786
774,793
109,669
56,876
30,071
Total
Liabilities
Capital stock
Undivided profits
Deposits subject to check
Bills payable
Bonds and mortgages payable
Other liabilities
$1,995,333
$1,991,648
$2,010,626
$426,700
622,103
305,738
470,405
170,387
$426,700
600,000
396,803
389,829
1120,000
1 58,316
$441,100
600,000
423,234
407,477
120,000
18,815
1
Total
Rate of int. on deposits of $100 & over
Dividends paid in calendar year_
$1,995,333 $1,991,648 $2,010,626
1910.
1909.
1908.
2%
2%
2%
$42,670
$43,030
People's Trust Co. (Philadelphia).
Dec. 31 '10. Nov. 6 '09. Nov.27'08.
Resources$120,883
$46,351
$62,069
Cash on hand
371,632
192,190
196,110
Due from banks and bankers
607,147
517,017
289,148
Commercial & other paper purchased
372,717
475,838
427,595
Loans on collateral
383,134
356,205
391,318
Bonds, &c
274,750
153,394
203,950
Mortgages
196,996
170,671
378,037
Real estate
10,856
10,744
16,753
Furniture and fixtures
8,994
10,568
11,159
Other assets
Total
Liabilities
Capital stock
Undivided profits
Deposits
Other liabilities
$2,491,048
$2,004,579
$1,760,599
$634,450
122,249
1,634,349
100,000
$634,450
83,171
1,180,240
106.718
$634,450
43,486
981,463
101,200
Total
$2,491,048 $2,004,579 $1,760,599
*1,706
$1,698
Trust department (additional)
$1,392
Note.
-Rate of interest paid on deposits of $500 and over. 2 to 3;i%.
Philadelphia Mortgage & Trust 03, (Philadelphia).
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources$188.800
$107,410
$112,249
First mortgages on real estate
46,578
46,717
46,717
City and county warrants
1,650
21,208
44.170
Stocks and bonds
32,492
24,334
35,099
Contract sale account
7.634
7,151
26,353
Accounts receivable
1,603
97,478
Accrued interest
174,300
174,300
174,300
Real estate, furniture and fixtures_ _ _
483,521
528,321
334,400
Other real estate
68,340
80,988
41,245
Cash in banks, &c
40,008
25,450
Time and call loans
Total
Liabilities
Capital stock
Company's bonds outstanding
Interest coupons due Jan. 1 & July 1..
Due depositors
Mortgage 106 and 108 South 4th St_ _
Accrued interest
Contingent fund
Undivided profits
Accounts payable
$845,994
$993,779
$1,133,027
$250,000
296,000
5,775
35,787
80,000
$250,000
377,600
6,174
76,000
80,000
345
166,444
25,143
12,072
$500,000
399,000
9,227
67,352
80,000
141,574
25,943
10,915
48,776
24,103
4,569
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08.
$845,994
$993,779 $1,133,027
Total
$68,048
. $126,613
$61,971 Trust department (additional)
$121,513
$121,513
$121,513
178,236
98,819
126,950
Note.
-Rate of interest paid on deposits of $500 and over, 2%.
476,356
350,230
230,683
337,375
281,934
196,190 Philadelphia Trust, Safe Deposit & Insurance Co. (Phila.).
235,300
179,000
114,200
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources377,493
407,001
312,657
$479,944
$402,295
$454.302
253,125
246,625
235,425 Cash on hand
811,862
1,042,933
633,610
74,000
74,488
74,488 Due from banks, &c
5,806,248
6,929,538
5,421,762
669
669
350 Loans on collateral
6,065,111
6,132,283
5,630,031
$2,059,167 $1,706,814 $1,352,914 Stocks, bonds, &c
60,750
18,80.
23,800
Mortgages
606,689
688,938
300,000
Real estate, furniture and fixtures
$150,000
$150,000
$150,000 Other assets
22,472
36,756
35,699
150,000
75,000
75,000
11,790
46,037
22,708
$13,827,434 $14,228,135 $12,448,253
Total
1,747,377
1,435,777
1,105,206
Liabilities
$1,000,000 $1,000,000 $1,000,000
$2,059,167 *1,706,814 $1,352,914 Capital stock
4,208,203
4.030,114
3,850,995
$247
$266
$1,535 Surplus and undivided profits
8,617,583
9,196,783
7.594,100
Deposits
1,648
1,238
3,158
Pelham. Trust Co. (Philadelphia).
Dividends unpaid
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources$13,827,434 $14,228,135 $12,448,253
Total
$49,005
$62,600
$44,600 Trust department (additional)
Real estate mortgages
$86,206,191a$68,456,687a$64,029,540
282,188
218,934
Stocks and bonds
294,898
1910.
1909.
1908.
260,533
226,840
116,275
Loans on collateral
2%
2%
2%
Rate of int. paid on dep. of $200 & over
62,069
59,777
Loans on personal securities
22,397 Dividends paid in calendar year
20%
20%
20%
19,449
18,515
15,101
Cash on hand
55,218
52,595
53,002
Cash on deposit
a Figures are of date Nov. 6 1909 and Nov. 27 1908.
44,535
44,618
55,043
Other assets
$772,997
Total
$601,316
$683,879
(The) Provident Life & Trust Co.(Philadelphia).
Liabilities
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08.
Resources$150,000
Capital stock
$150,000
$150,000
$764,155
$785,633
Mortgages
fund
60,000
Surplus
50,000
40,000
5,127.527
4,585,548
4,980,238
6,844
19,066 Stocks and bonds
Undivided profits
18,692
8,480,683
8.656,568
7,359,735
555,635
464,683
391,932 Loans on collateral
General deposits payable on demand_
18,522
19.122
19,122
318 Real estate
518
504
Other liabilities
530,629
665,382
640,303
Cash on hand, ece
$772,997Total
$601,316 Due from banks and bankers
$683,879
592,353
721.240
811,819
1910.
1909.
2,615
Miscellaneous assets
2%
2%
Rate of interest paid on deposits of $500 and over_
$14,974,505 $16,975.472 $14,597,017
Total
4%
4%
Dividends paid In calendar year
Liabilities
$1,000,000 $1.000,000 $1,000,000
Capital
Pennsylvania Co. for Insurances on Lives and Granting Surplus stock
4,500,000
4,000,000
8,800,000
595,427
Annuities (Philadelphia).
Undivided profits
841.092
816,792
8,878,543 10.134,170
8,979,861
Nov. 9 '10. Nov. 6 '09. Nov. 27 '08. Deposits payable
Resources
535
210
384
$942,333
$933,392
$949,717 Dividends unpaid
Cash on hand
2,231,193
3,118,802
1,794,817
Due from banks and bankers
$14,974,505 $15,975,472 $14,597,017
Total
11,647,101 10,485,295
8,327,827 Insurance department (additional) $67,973,943 $64,523,903 $80,884,943
Loans on collaterais
4,754,537
2,912,553
4,232,691 Trust department (additional) includStooks, bonds, &c
2,233,165
2,153,765
Mortgages
2,315,765
$87,473,590 $83,794,070 $81.249.128
ing corporate trusts
933,635
933,635
933.635
Real estate, furniture and fixtures
1910.
1909.
1908.
Statisticsfor Fiscal Year end.Nov.30
3,905,217
3,850,473 Int. credited depositors during year. $203,711
Res. fund fr protection of trust bat.. 3,887,336
$216,024
$166,727
173,683
170,972
142,495 Amt.of dividends on company's stock
'Interest accrued
30%
28%
28%
75,175
assets
47,878
20,388 Amt. of deposits receiving interest_._
Other
All
AM
All
2%
2%
$25,805,434 *25,734,233 $22,567,808 Rate of int. on deposits (generally)- Total
ResourcesCash on hand
Cash on deposit
Commercial paper purchased
Loans on collateral
Loans on bonds and mortgages
Stocks, bonds, eco
Mortgages
Real estate, furniture and fixtures_ _ _
Other assets
Total
Liabilities-.
Capital
Surplus fund
Undivided profits
Deposits
Total
Trust department (additional)
[VoL. Lxxxxii.
THE CHRONICLE
370
Real Estate Title Insurance & Trust Co.(Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand
Cash on deposit
Other assets
..
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
General deposits
Other liabilities
Dec. 31 '10 Dec. 31 '09. Dec. 31 '08.
$631,198
$717,010
$484,981
1,322,578
1,430,190
1,438,495
2,282,429
2,631,741
2,172,792
388,991
390,991
384,323
208,302
175,929
181,624
791,731
663,675
843,484
241,951
240,640
222,081
$5,952,992
$1,000,000
1,000,000
116,276
3,805,442
31,274
$6,164,314
11,000,000
975,000
40,708
4,114,333
34,273
$5,727,780
$1,000,000
875,000
33,033
3,786,498
32,349
15,952,992 $6,164,314 $5,727,780
Total
$11,648,885 $10,325,925 $9,890,602
Trust department (additional)
1910.
1909.
Statistics for Calendar Years1908.
$90,000
$80,000
Amt. of dividends on company's stock
$80,000
Amt. of deposits receiving interest_ _ _ $3,505,814 $3,590,555 $3,427,163
2, 2 A & 3%
Rate of interest paid on deposits_
Real Estate Trust Co. (Philadelphia).
Nov. 9 '10. Nov. 6 '00. Nov. 27 '08.
Resources
$225,000
$225,000
Lawful reserve bonds
$175,000
215,875
246,840
Cash on hand
210,289
429,796
301,090
Due from banks and bankers
418,748
2,921,732
3,630,599
Call loans on collateral
2,790,072
462,460
collateral
487,943
Time loans on
591,838
115,000
Loans on bonds and mortgages
133,500
54,500
5,000
• 5,000
Commercial paper
5,000
1,599,121
Stocks, bonds, &c
1,525,365
1,862,196
Real estate, furniture and fixtures._ _ 3,031,258
2,837,122
2,824,061
97,264
115,890
Other assets
84,098
$9,102,506
' Total
Liabilities
114,281,300
Capital stock, paid In
_f
Capital stock. preferred (full paid) _J
78,755
Contingent fund
263,734
Undivided profits
4,478,717
Deposits
Other liabilities
Total
Trust department (additional)
19,508,349
19,015,802
$4,433,600 111,481,100
1 3,146,600
286,796
4,717,773
70,180
260,927
4,080,994
46,180
$9,102,506 19,508,340 $9,015,802
$25,919,440 125,310,649 $25,427,225
I
(The)Trust Company of North America (Philadelphia).
ResourcesJan.31,
11. Jan.31.
10. Jan.30'09.
Cash on hand
$127,959
$118,107
1111,112
Due from banks, &o
674,566
563,268
394,770
Loans on collateral
2,043,746
2,230,223
1,950,567
Stocks, bonds, &c
1,01 4 71
1: ,
3
1,106,052
1,102,845
s_
3
Real estate, furniture and fixture_
379,047
379,047
Other assets
21,523
27,065
21,066
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Dividends
$4,249,821
$4,248,269
$4,134,900
$1,000,000
388,803
2,851,018
10,000
$1,000,000
379,018
2,858,931
10,320
$1,000,000
357,637
2,767,041
10,222
Total
Trust department (additional)
$4,249,821
16,041,868
$4,248,269
$5,390,948
14,134,900
$4,791.077
1910.
2 to 3%
4%
Rate of interest on deposits of $500 and over
Dividends paid in calendar year
Union Trust Co. (Philadelphia).
ResourcesCash on hand and on deposit
rime loans
Demand loans_
Mortgages
Bonds and stocks
Banking house
Other real estate
Miscellaneous
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits subject to check
Special deposits
Bills payable
Miscellaneous liabilities
Nov. 9 '10. Dec. 31 '09. Dec.31 '08.
$227,314
$331,425
$238,809
84,582
106,373
106,100
321,561
274,814
330,023
260,526
220,150
212,400
797,080
777,213
795,700
308,077
308,077
308,077
189,873
182,440
180,517
114,894
101,656
101,338
•
$2,278,205
$2,209,907
$2,283,907
$500,000
65,000
55,752
1,090,081
498,292
50,000
21,080
$500,000
05,000
62,399
1,186.461
464,062
$500,000
65,000
47,601
1,098,523
487,421
21,985
85,362
.-
Total_.
Trust department (additional)
$2,278,205
$1,253,894
a Figures are of date Nov. 27 1908.
United Security Life Insurance & Trust Co. (Philadelphia).
Republic Trust Co. (Philadelphia).
ResourcesDec. 31 '10.
Real estate mortgages
$1,728,001
ResourcesDec. 31 '10. Dec.31 '09. Dec. 31 '08. Stocks and bonds
214,478
$79,331
Cash and reserve bonds
$135,023
$180,601
Loans on collateral
654,570
Real estate, safe deposit vaults, fur345,797
65,702 Real estate
211,459
211,459
niture and fixtures
on hand and deposit
162,280
514,431 Cash
712,951
747,191
Loans on collateral
3,763
47,456 Other assets
48,494
14,189
Commercial paper
69,717
175,788
178,798
Bonds and mortgages
Total
$3,108,889
8,530
9,649
6.627
Miscellaneous assets, accrued interest
_
$785,167 Capital stook
$1,338,865 $1,293,364
Total
11,000,000
Liabilities
Surplus fund
700,000
$200,000
$200,000 Undivided profits
$200,000
Capital stock paid In
149,642
60,000 General deposits, payable on demand 1,104,747
70,000
70,000
Surplus fund
9,295
10,080 Other liabilities
15,426
Undivided profits
154,500
Payments made on sub. to *100,000
16,148
new capital
Total
$3,108,889
515,087 Trust department, additional
769,068
890,291
Deposits
$962,223
100,000
Bills payable
Statistics for Calendar Year1010.
145,000
145,000
Ground rent
Interest credited depositors during yr. • $24,282
2,000
Dividend payable Jan. 2 1911
Amount of dividends on co's stock_
70,000
$785,167 Amount of deposits receivinginterest 1,104,747
11,338,865 $1,293,364
Total
a$740 Rate of interest paid on deposits
013,107
$3,944
Trust.department (additional)
1910. a Figures as of date Nov. 27 1908.
Dividends paid in calendar year
Figures are of date Nov. 6 1909 and Nov. 27 1908.
a
(The) Rittenhouse Trust Co. (Philadelphia).
Nov. 0 '10. Nov. 6 '09. Dec. 31 '08.
Resources
$22,509
$24,964
$32,633
Cash on hand
66,617
54,627
20,244
Cash on deposit
377,717
256,794
403,998
Loans on collateral
322,229
258,836
253,472
Stocks, bonds, doe
8,375
3,000
3,000
Real estate, furniture and fixtures__ _
4,101
2,878
Accrued Interest
1680,625
$722,022
$713,347
Total
Liabilities
$250,000
1250,000
1250,000
Capital stock paid in
55,000
55,000
55,000
Surplus fund
6,673
7,829
3,414
Undivided profits
368,452
408,693
404,433
Deposits
500
500
500
Reserve for taxes
$680,625
$722,022
$713,347
Total
$18,472
$313
01331
Trust department (additional)
a Figures are of date Nov. 27 1908.
Tacony Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Loans on personal securities
Real estate
Cash on hand
Cash on deposit
Other assets
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
Deposits
Other liabilities
Total
Trust department (additional)
Dec. 31 '10. Dec.31 '09. Dec.31 '08.
1221,475
$168,550
$155,000
402,565
401,969
367,260
158,240
260,615
183,548
46,758
26,350
49,686
41,000
41,000
41,000
33,008
26,845
38,892
34,724
16,972
59,369
3,847
6,583
8,439
1891,428
1820,822
11,081,445
$150,000
$150,000
100,000
100,000
27,522
43,913
541,995
597,492
1,305
23
1820,822
$891,428
$1,081,425
012,203,056 11,940,085 $1,909,072
1910.
1909.
1908.
2%
2%
Rate of interest on deposits of $200 and over ___ 2%
8%
Dividends paid in calendar year
8%
8%
a Figures are of date Nov. 9 1910.
$150,000
150,000
10,809
770,616
Tradesmen's Trust Co. (Philadelphia).
Dec. 31 '10. Dec. 31'09.
Resources-
Cash on hand and due from banks, &cf. $220,622
170,417
Commercial and other paper owned__
394,904
Call loans upon collateral
22,511
Time loans
431,229
Stocks, bonds, &o
520,257
Mortgages
225,692
Real estate, furniture and fixtures
273,418
Real estate, collateral loans
18,014
Other assets
12,275,066
Total
Liabilities
$500,000
Capital stook
185,000
Surplus and reserve fund
35,574
Undivided profits
1,554,492
Deposits
$2,275,066
Total
$160,996
Trust department
a Figures are of date Nov. 6 1009 and. Nov. 27
$213,611
204,822
314,644
Dec. 31 '08.
$273,871
155,202
805,281
437,912
437,362
253,418
233,835
224,650
219,858
617,198
17,243
17,730
12,283,491 $2,143,139
$500,000
185,000
26,084
1,572,414
*2,283,498
a$152,938
1908.
$500,000
175,000
19,885
1,448,254
12,143,139
0155,243
$2,290,907 $2,283,907
$1,185,070 01,219,873
Dec. 31 00. Dec. 31 '08.
$1,806,684 $1,844,475
219,032
217,032
911,893
831,701
311,222
321,515
151,529
163,639
1,894
5,377
$3,345,948
13,440,045
$1,000,000 $1,000,000
650,000
700,000
123,606
125,235
1,325,842
1,393,310
196,500
271,500
$3,345,948 $3,440,045
$1,040,774 01757,705
1909.
1908.
$31,818
$28,265
60,000
60,600
1,325.842
1,393,310
2 & 3%
Wayne Junction Trust Co. (Philadelphia).
ResourcesDec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$17,368
Cash on hand
$12,486
$18,107
48,034
38,476
Due from reserve agents
48,274
117,928
85,734
120,400
Commercial and other paper owned_ _
148,720
124,695
Loans on collateral
235,820
147,108
125,940
Stocks, bonds, &c
109,798
47,078
Real estate, furniture and fixtures_ _ _
46,427
47,808
975
158,372
4,865
Miscellaneous
1640,845
$578,070
$486,198
1160,000
50,000
•
18,101
412,734
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
$160,000
40,000
17,912
360,158
$160,000
40,000
12,953
273,245
1640,845
1910.
Total
Rate of int, paid on dep. of $500 & over
Dividends paid in calendar year
4%
$578,070
1909.
2% & 3%
2%
$486,198
1908.
None
West End Trust Co. (Philadelphia).
ResourcesDec. 31 '10. Dec. 31 '00. Dec. 31 '08.
$531,548
$509,862
$600,935
Cash on hand and due from banks_ _ _
2,798,729
Loans on coll. and on bonds & mtges_ 2,811,747
3,040,229
Investments, stocks and bonds
1,878,644
1,715,651
2,040,076
184,500
Mortgages
180,000
247,700
868,579
Real estate, furniture and fixtures__ _
846,148
846,148
Accrued interest, &c
47,797
65,533
74,148
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits
$6,228,829
$6,588,118
$6,471,829
$1,000,000
1,050,000
43,608
4,135,023
11,000,000
1,050,000
16,921
4,521,105
$1,000,000
1,050,000
33,481
4,388,348
Total
Trust department (additional)
$6,228,629 $6,588,116 $6,471,829
$2,965,684 $2,484,817 $2,788,189
1908.
1910.
1909.
on dep. of $500 & over
Rate of int. paid
-2% demand, 3% time
Dividends paid In calendar year
8%
8%
8%
West Philadelphia Title & Trust Co.(Philadelphia).
Resources
Real estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand and on deposit
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$717,178
$815,078
1796,054
547,976
459,177
539,455
1,616,790
1,830.556
1,612,370
92,714
92,714
92,714
589,690
486,309
443,942
30,365
31,667
33,494
Total
Liabilities
Capital stock paid in
Surplus
Undivided profits
General deposits
Other liabilities
$3,654,110
$3,579,429
$3,574,711
$500,000
400,000
46,065
2,705,263
2,782
$500,000
375,000
27,593
2,676,836
1500,000
340,000
20,682
2,714,029
Total
Trust department (additional)
13,654,110 $3,579,420 $3,574,711
1068,472
$1,273,763 $1,101,800
1908.
1909.
1910.
2% to 3%
8%
8%
8%
Rate of int. on dep. of $500 and over
Dividends paid In calendar year
FEB. 11 1911.1
3Pfl
THE CHRONICLE
ST. LOUIS COMPANIES.
American Trust Co. (St. Louis).*
ResourcesDec. 31 '10.*Dec. 31 '09.
5619,969
Bonds and mortgages
$888,795
1,839,277
Loans and collateral
752,227
946,422
688,117
Due from trust cos., banks, bankers and brokers.._
68,572
Legal-tender notes and notes of national banks..
37,758
10,421
Other resources, collection in transit
2,318
Total
$3,226,356 $2,427,520
LiabiltiiesCapital
$1,000,000 $1,000,000
Surplus and undivided profits
66,641
5,139
Deposits subject to check (not preferred)
1,584,321
1,207,778
Certificates of deposit (not preferred
143,624
26,465
Due trust companies
140,995
Due banks and bankers
..
174,203
23,284
Other liabilities, say, deposits and trust funds.
257,567
23,859
Total
$3,226,356 $2,127,520
-Rate of interest paid on deposits of $500 and over, 2% to 4%.
• Note.
• • Began business Nov. 11 1909, having taken over the business of the
Lincoln Title & Trust Co.
Broadway Savings Trust Co. (St. Louis).
ResourcesDec. Si '10. Dec. 31 '09. June 30 '09.
Loans on collateral, commercial paper
and investment securities
$582,061
$490,825
$423,493
Bonds and stocks
65,912
90,760
92,175
Due from trust companies and banks
96,980
96,290
83,389
Cash on hand
33,633
18,501
8,734
Other assets
11,607
12,890
9,135
Total
$790,193
$709,066
$616,926
Liabilities
Capital stock
$100,000
$100,000
$100,000
Surplus
30,000
30,000
30,000
Undivided profits
5,215
5,799
10,110
Deposits
556,344
476,960
646,083
Other liabilities
4,751
16,923
4,000
• Total
$616,926
$709,086 $790,193
Statistics for Calendar Year
1910.
1909.
1908.
$11,939
Interest credited depositors during year $15,359
$8,848
Amount of dividends on co's stock.. _ _
8,000
8,000
8,000
All
Amount of deposits receiving interest
All
All
Rate of interest paid on deposits
2 & 4% 2 & 3% 2 & 3 M%
Commercial Trust Co. (St. Louis).
ResourcesLoans on collateral
Commercial and other paper
Real estate (office building)
Furniture and and fixtures
Due from banks
Cash on hand
Other resources
Overdrafts
Total
Liabilities
Capital stock paid in
Surplus and undivided profits
Deposits
Other liabilities
Total
Dec. 31 '10. Nov. 16 '09. June 23 '09.
$96,434
$136,287
$113,572
119,297
86,848
67,191
21,000
21,000
21,000
5,735
5,735
5,735
30,184
51,323
83,299
12,260
11,170
9,531
13,812
3,386
125
157
436
72
$298,879
$316,185
$300,525
$102,400
5,135
191,344
$298,879
1910.
2%
Rate of int. paid on dep. of $500 & over 2
$102,400
5,097
208,402
286
$318,185
1909.
2%
$102,400
8,538
191,307
190
$300,525
1908.
2%
Commonweilth Trust Co. (St. Louis).
ResourcesLoans
Bonds and stocks
Real estate and leaseholds
Cash in vault and depositories
Total.
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Other liabilities
Total
Jan. 7 '11. Jan. 31 '10.*Nov. 27 '08.
$3,806,263 $3,322,577 $1,371,376
846,546
1,289,232
443,546
278,752
307,352
1,224,934
1,557,765
608,237
4,657,787
$0,489,326 $5,527,398 $7,897,643
$2,000,000
161,682
4,316,394
11,950
$6,
- -489,326
$2,000,000
548,886
2,968,012
10,500
$5,527,398
$2,000.000
4,212,911
1,484,732
$7,697,643
1910.
$3,986,716
2%
Amount of deposits receiving Interest
Rate of Interest paid on deposits of $500 andover
Dividends paid in calendar year at rate of 6% per annum.
• In November 1908 the Commonwealth Trust Co. transferred to the
National Bank of Commerce its commercial banking business, amounting
to some $8,000,000. • See V. 87, p. 1335.
Fanners' & Merchants' Trust Co. (St. Louis).
Resources
Loans on collateral.
Loans on real estate
Commercial paper
Bonds and stocks
Furniture and fixtures
Cash on hand
Duo from banks and truM companies
Total
LtabtllUcsCapttai stook
Surplus
Undivided profits
Deposits.
Total
Dec. 31 '10. Nov. 16 '09
$187,823
5562,2761
171,230
44,420
525
1,146
2,107
88,853f
11,471
40,449
5632,276
$458,025
$100,000
25,000
6,532
500,744
$632,276
$100,000
5,000
7,429
345,598
$458,025
Jefferson-Gravois Trust Co. (St. Louis).
ResourcesDec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Loans and discounts
$337,464
$288,726
$264,476
Boans and stocks
47,921
55,867
61,318
Furniture, flxts., & safe dep. vaults..
1,800
2,271
2,271
Cash. exchange and miscellaneous._
19,5441
Due from banks
51,166
54,511
64,176
Overdrafts
173J
Total
$458,068
$401,375
$392,241
Liabilities
Capital
$100,000
$100,000
$100,000
Surplus and profits
7,693
3,077
15,049
Deposits
350,375 _ 298,298
277,192
Total
-$458. 068
,
$401,375
5392,241
Mercantile Trust Co. (St. Louis).
ResourcesTime loans
Demand loans_ _ _ .
Bonds and stocks
Real estate_ ___. __ - - Safe deposit vault
C'asir and sight exchange
Other resources
Total
Liabilities
Capital stock paid in
Surplus and undivided profits
Deposits
Other liabilities
Total
Jan. 7 '11. Jan. 31 '10. Nov. 27 '08.
$11,816,190 $13,158,536 $13,948,590
_ 5,092,728
4,431,776
3,610,623
8,264,446
7,836,601
5,636,300
880,000
880,000
880,000
250,000
250,000
250,000
5,332,858
5,842,816
5,622,579
3,239
58,437
.532,149,419 $32,089,771 530,006,520
$3,000,000 $3,000,000 $3,000,000
6,630,303
6,645.818
6,600,717
22,502,236 22,459,468 20,400,963
1,367
4,849
532,149,419 $32,089,771 $30,006,525
1910.
1909.
Rate of interest on deposits of $500 and over..___ 2. 3 & 3 H% 2,3k &4%
Dvidends paid In calendar year
18%
18%
Mississippi Valley Trust Co. (St. Louis).
Resources
Stocks and bonds
Real estate mortgages
Loans on collateral
Loans on personal security
Real estate
Safe deposit vaults
Cash on hand
Cash on deposit
Other resotnces
Jan. 7 11. Jan. 31 '10. Nov. 27 '08.
$8,417,279 $7,968,163 56,702,227
2,062,516
1,437,14
9,094,952} 15,351,1101 8,762.792
802,107
842,202
36,155
131,488
52,896
72,000
72,000
72,000
1,666,370
2,364,589
2,203.889
2,931,171
3,104,913
3,814,785
42,656
64,105
54.884
Total_Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits (savings)
Deposits (time)
Deposits (demand)
Foreign acceptances_
Reserve for Interest and taxes
Other liabilities
Total
525,125,206 528.807,855 524,191,310
53,000.000
3,500,000
2,124,728
4,567,100
2,216,794
9,674,862
2,894
18,000
20,828
53,000,000
3,500,000
2,041,479
4,211,149
3,442,063
12.576,789
53,000,000
3,500,000
1,832,105
3,695,697
2,717,715
9,386,026
31,000
5,374
50,000
9,767
_625,125,206 $28,807,855 $24,191,300
North St. Louis Savings: Trust Co. (St. Louis).
Resources
Dec. 31 '10. Dec. 31 '09. aOct. 15 '09.
Real estate mortgages
$42,510
$8,800
Stock and bond investments (market
value)
41,513
15,375
Loans on collateral
163,462
93,868
2,250
Other loans, incl. bills purchased_ _ _ _
164,528
90,189
23,343
Due from trust companies, banks,
bankers and brokers
55,333
25,677
100,086
Real estate, furniture and fixtures_
6.393
1,959
Specie
2,067
1,047
801
Legal-tender notes h notes nat. bks
22,110
5,956
7,792
Other resources
4,107
652
237
Total
Liabilities
Capital
Surp. & undiv. profits (market val.).
Deposits sub, to check (not pref.) _ _
Certificates of deposit (not pref.) and
savings deposits
Other liabilities
$243,523
$134,509
$100,000
10,253
111,411
$85,600
8,650
35,201
122,480
4,287
21,665
194
4,494
664
$502,023
Total
$502,023
$100,000
14,198
261,058
$243,523
$134,509
a Began business Oct. 15 1909.
St. Louis Union Trust Co. (St. Louis).
Resources
Time loans
Demand loans
Stocks and bonds
Real estate and office building
Cash on hand
Cash on deposit
Sate deposit vaults
Jan. 7 '11. Jan. 31 '10. Dec. 31 '08.
510,911.6051
8,386.6751521,327,257 519,532,576
6,673,545
6,236,719
6,176,590
447,244
501,342
571,342
9,839,155
7,900,4061 2,323,394
1 5,348,869
100,000
100,000
100,000
Total
Capital stock
Surplus fund _ _ _ ...
Undivided profits
Dividends unpaid
Deposits
Reserves
$36,358,224 536,065.724 534,052,771
$5,000,000 $5,000,000 55.000,000
5,000,000
5,000,000
5,000,000
1,871,886
1,610,195
1,571,904
200,000
200,000
6,436
24,353,402 24,205,529 22,267,867
126,500
13,000
50,000
Total
_536,358,224 536,065,724 $34,052,771
Savings Trust Co. (St. Louis).
Resources
Dec. 31 '10. Dec. 31 '09. June 30 '09.
Loans on collateral
5290,000
$244,000
$248,000
Due from trust companies, banks,
bankers and brokers
61,000
48,000
28,000
Real estate, furniture & fixtures_ _ _
9,100
7,800
9,700
Legal-tender notes and notes of national banks
11,800
8,000
6,500
Total
Liabilities
Capital
Surplus and undivided profits on market value of stocks and bonds
Deposits subject to check (not pref.)
$ 307,800
$292,200
$100,000
$100,000
$100,000
13,000
258,900
11,800
196,000
10,200
182,000
$371,900
Total
$371.900
5307,800
5292.200
1910.
All
2% & 3H%
2 H%
Amount of deposits receiving interest
Rate of interest paid on deposits of $500 and over
Dividends paid in calendar year
Vandeventer Trust Co. (St. Louis).
ResourcesNov. 10'10. Nov. 16'09. Sept. 23'08.
Loans on collateral
.
$253.472
$226,336
$216,076
Bonds, stocks and real estate
14,180
15,226
14,115
Furniture, fixtures & safe dep. vaults
8,604
9,095
6,345
Due from banks and trust companies
59,473
69,842
42,946
Cash on hand
18.532
17,295
16,169
Other resources..
500
500
Total
Liabilities
Capital stock (50% paid In)
Undivided profits
Deposits
_..
Other liabilities
$365,430
$327,625
$295,651
$60,000
5.133
309,733
584
$50,000
1,497
273,178
2,950
$50,000
1,897
241,960
1,794
Total
5365.430
._
8327,625
5295,651
Note -Rate of interest paid on deposits of $100 and over, 2% and 354%.
West St. Louis Trust Co. (St. Louis).
ResourcesReal estate mortgages
Loans on collateral
Cash on hand
Cash on deposit
Other assets
Total
Liabilities
Capital stock
Undivided profits_
Savings and time deposits
General deposits pay. on demand.... _ _
Other liabilities
Total
Rate of interest paid on deposits
Dividends paid in calendar year
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08*
5121.243
$133,628
$111,351
$02,121
270,029
168,013
18,530
18,034
14,369
53,714
51,351
36,782
10.053
8,857
9,183
$505,661
$457,622
$361,975
$100,000
17,920
129,684
254,169
3,887
$100,000
12,403
103,510
239,632
2,077
$100,000
8,370
72,948
177,693
2,964
$505,681
$457,622
$361,975
1910.
1909.
-2% current, 3 5 time and savings
4%
4%
[VOL. LXXXXTI
THE CHRONICLE
372
BOSTON COMPANIES.
Dorchester Trust Co. (Boston)
-Concluded.
American Trust Co. (Boston).
Resources119.11road and other bonds
Time loans on collateral
Demand loans on collateral
Cash on hand in banks
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$1,115,468 $1,176,821 $1,770,822
6,181,855
7,395,075
10,819,120
3,164,003
3,669,168
3,394,518
4,553,291
3,958,921
4,102,330
$19,431,436 $16,199,985 $15,669,971
Total
Liabilities
$1,000,000 $1,000,000 $1,000,000
Capital stook
1,500,000
1,500,000
1,500,000
Surplus fund
454,678
381,867
510,642
Undivided profits
General deposits payable on demand_ 16,420,794 13,245,307 12,788,104
$19,431,436 $16,199,985 $15,669,971
1910.
1909.
2%
2%
8%
8%
Total
Rate of interest paid on deposits of $500 and over..
Dividends paid In calendar year
•
Bay State Trust Co. (Boston).
Jan.9 '11. Jan. 10 '10. Jan. 6 '09.
Resources$4,411,804 $4,021,980 $3,087,353
Time loans
1,073,389
1,062,948
1,183,873
Demand loans
226,677
226,677
235,677
Massachusetts bonds
616,343
697,903
808,402
Other bonds and stocks
250,000
250,000
250,000
Real estate (bkg. house, turn. ec fixt.)
1,426,528
1,378,824
1,526,313
Cash in office and banks
$7,957,037
$7,686,036
$7,091,618
$500,000
500,000
120,570
6,836,467
$500,000
500,000
54,372
6,631,664
$500,000
500,000
70,846
6,020,772
$7,957,037 $7,686,036
Total
-Rate of interest on deposits of $500 and over, 2%.
Note.
$7,091,618
Total
Liabilities
Capital stock
Surplus fund
Earnings undivided
Deposits
Beacon Trust Co. (Boston).
ResourcesTime loans
Demand loans
Other investments
Cash In office and banks
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$3,934,624 $4,526,695 $2,278,744
2,853,143
2,184,396
1,200,046
149,600
266,852
427,066
787.886
1,963,703
1,721,925
$8,936,758
$8,941,646
$4,416,276
$600,000
400,000
98,560
7,838,198
$600,000
400,000
46,477
7,895,160
$400,000
200,000
147,803
3,668,473
$8,936,758 $8,941,646
Total
1910.
$6,000,000
Amount of deposits receiving interest
2%
Rate of interest paid on deposits of $300 and over..
$48,000
Dividends paid in calendar year
$4,416,276
1909.
(?)
2%
$44,000
Total
Liabilities
Capital stook
Surplus
Earnings undivided
Deposits
Boston Safe Deposit & Trust Co. (Boston).
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources$536,250
$536,250
$536,250
Massachusetts bonds (market value) _
98,000
98,000
City bonds(market value)
708,375
653,235
686,235
Railroad bonds (market value)
80,000
35,000
35,000
Other bonds and stocks
10,522,574 11,018,008 10,063,162
Loans
1,052,901
1,0'17,275
1,011,260
Cash in office
2,165,158
2,337,408
1,538,787
Cash in banks
29,934
36,294
33,249
Overdrafts and accrued interest
21,969
16,166
Real estate by foreclosure
1,270,868
1,996,888
2,373,907
Real estate
223.614
17,862
25,530
Stock B.S.D.80T.Co. held for distrib'n
Total
Liabilities
Capital stock
Surplus fund
Profit and loss
Deposits
Reserved for taxes
$16,778,958 $17,828,189 $16,228,262
Total
Trust department (additional)
$16,778,958 $17,828,189 $16,228,262
$14,492,525 $13,738,420 $12,142,113
$1,000,000
2,000,000
876,185
12,900,772
2,000
$1,000,000
2,000,000
843,423
13,982,766
2,000
$1,000,000
2,000,000
783,454
12,444,808
Columbia Trust Co. (Boston).
ResourcesState, city and railroad bonds
Loans
Real estate
Safe deposit vaults
Cash in office
Cash in banks
•
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$74,500
$74,500
$74,500
403,365
384,031
396,068
, 250
1,450
1,450
5,000
6,000
7,400
56,128
60,411
38,018
95,353
111,716
51,795
Total
$634,596
$638,108
$569,231
$100,000
29,548
505,048
$100,000
28,513
509,595
$100,000
34,035
435,196
$634,596
Total
Liabilities
Capital stook
Surplus and profits
Deposits
$638,108
1910.
2%
5%
$569,231
1909.
2%
5%
Rate of interest paid on deposits of $500 and over..
Dividends paid in calendar year
Commonwealth Trust Co. (Boston).
ResourcesBonds and mortgages
Demand and time loans
Real estate
Cash on hand
Cash on deposit
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$473,587 $1,019.668
$906,692
6,658,340
8,980,908
8,717,961
439,297
450.397
419,294
870,568
1,306,112
1,103,779
1,140,128
1,879.731
1,893,488
Total
• Liabilities
Capital
Surplus and undivided profits
Deposits
$13,041,214 $13,090,735 $10,128,001
$1,000,000
764,630
11,276,584
$1,000,000
749,209
11,341,526
$1,000,000
844,631
8,283,370
$13,041,214 $13,090,735 $10,128,001
Total
1909.
1910.
•
2%
2%
Rate of interest on deposits of $500 and over
6%
6%
Dividends paid in calendar year
Dorchester Trust Co. (Boston).
LiabilitiesDec. 31 '10 Dec. 31 '09.
Capital
$200,000
$200,000
Surplus and undivided profits on mar43,597
ket value of stocks and bonds
32,800
Deposits sub, to check (not preferred) 1,578,152
1,168,200
43,917
74,000
Certificates of deposit (not prefetred)
$1,865,666
$1,475,000
$943,874
16,000
663,807
64,067
$1,865,666 $1,475,000
Total liabilities
$943,874
Undivided profits on book value of
$43,597
$32,800
$16,000
stocks and bonds
1910.
1909.
-----2 and 4%
Rate of Interest paid on deposits of $300 and over....
2 M%
5M%
Dividends paid In calendar year
Exchange Trust Co. (Boston).
ResourcesState of Massachusetts bonds
Other stocks and bonds
Cash In office and banks
Demand loans
Time loans
Loans on real estate
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$10,780
13,613
$82,831
$150,047
159,969
270,690
331,389
159,536
240,440
195,165
423,946
532,283
550,321
180,050
230,650
232,465
$1,459,387
Total
Liabilities
Capital
Surplus
Profit and loss
Deposits
..
$1,356,894
$947,894
$250,000
40,000
7,200
1,162,187
$250,000
25,000
2,500
1,079,394
$250,000
15,000
4,000
678,894
$947,894
$1,459,387 $1,356,894
Total
-Rate of interest paid on deposits of $300 and over, 2%.
Note.
Federal Trust Co. (Boston).*
Resources
State of Massachusetts bonds
Other bonds and stocks
Loans
Cash on hand and in banks
Miscellaneous
Total
, Liabilities
Capital stock
Surplus and undivided profits
Deposits
Dividends unpaid
Dec. 31 '10. 'Dec. 31 '09. Dec. 31 '08.
$178,0001
$178,000
$668,189
526,908J
525,501
2,551,948
4,897.812
5,346,498
482,466
1,204,158
1,111,644
841
4,349
55,265
$6,811,227
$3,703,444
$1,000,000 $1,000,000
378,366
393,359
5,432,311
5,823,074
550
475
$500,000
209,693
2,993,338
413
$7,216,908
Total
$7,216,908 $6,811,227 $3,703,444
1910.
Rate of interest on deposits of $500 and over
Dividends paid in calendar year
6%
• Federal Trust Co. and Mechanics' Trust Co. were consolidated In
September 1909.
International Trust Co. (Boston).
ResourcesStocks and bonds
Time loans
Demand loans
Banking house
Cash on hand and in banks
Other assets
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$9,621,809 $9,193,092 $10,473,666
5,188,736
5,435,177
3,750,548
1,530,346
1,279,792
1.817,374
1,462,158
1,462,158
1,431,090
2,386,198
2,892,536
3,115,070
138,357
82,500
71,061
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$20,260,308 $20,401,112 $20,670,248
$1,000,000
4,000,000
315,607
14,944,701
$1,000,000 $1,000,000
4,000,000
4,000,000
249,683
187,174
15,213,938 15,420,565
$20,260,308 $20,401,112 $20,670,248
1909.
1910.
2%
16%
16%
Total
Rate of interest on deposits of $500 and over
Dividends paid in calendar year
Liberty Trust Co. (Boston).
Jan. 7 '11. Dec. 31 '09. Dec. 31 '08.
Resources
$34,947
$34,947
$34,947
State of Massachusetts bonds
19,700
93,788
81,294
Other investments
157,456
243,686
178,664
Loans on real estate
193,530
249.761
328,116
Demand loans
1,085,680
1,405,955
1,728,393
Time loans
8,500
7,500
6,500
Banking house, furniture and fixtures
322,269
459,011
508,044
in banks
Cash on hand and
202
Interest
$2,865,958
$2,494,850
$1,822,082
$200,000
100,000
22,656
2,543,302
Total
LiabilitiesCapital stock
Surplus
Undivided profits
Deposits
$200,000
50,000
25,921
2,218,929
$200,000
25,000
5,044
1,592,038
Total
$2,865,958 $2,494,850 $1,822,082
-Rate of interest paid on deposits of $500 and over, 2%.
Note.
Lincoln Trust Co. (Boston).*
Dec. 31 '10. *Dec. 31 '09.
$7,500
$1,000
307,050
255,200
350,903
751,263
10,209
10,209
11,530
8,533
185,557
180,082
ResourecsLoans on real estate
Demand loans
Time loans
Furniture and fixtures
Expenses
Cash and due from banks
$1,206,287
$872,749
$200,000
100,000
14,556
891,731
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$200,000
100,000
10,461
562,287
$1,206,287
Total
-Rate of interest paid on deposits of $500 and over,2%.
Note.
• Began business Oct. 18 1909,
$872,749
Mattapan Deposit & Trust Co. (Boston).
Resources
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Real estate mortgages
State of Massachusetts bonds
Loans on collateral
Loans on personal securities
Cash on hand_
Cash on deposit
Other assets
$27,155
50,000
921,777
266,636
132.675
205,416
13,017
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Resources$129,250
$238,000
$392,557
Bonds and mortgages
1,000
24,000
71,601
and bonds (market value)_ _
Stocks
322,000
244,677
425,280
Loans on collateral
Total
565,000
$1,616,676
401,318
_
575,604
Other loans, inel bills
Liabilities
purchased__Due from trust companies, banks,
220,000
279,623
$100,000
92,658 Capital stock
bankers and brokers
7,000
5,000
100,000
8,601 Surplus fund
Real estate, furniture and fixtures_ _
8,500
13,692
18,000
5,725 Undivided profits
Specie
82,000
89,021
52,145 General deposits payable on demand_ 1,398.484
Legal-tender notes & notes of nat. bks.
8,500
4,500
8,980
8,500 Other liabilities
Safe deposit vaults
Total resources
Dec. 31 '08
$200,000
Total
$1,616,676
$32,305
50,000
962,792
204,601
118,920
169,004
17,000
$34,590
50,000
928,193
216,485
136,819
174,754
2,000
$1,554,622
$1,542,841
$100,000 , $100,000
100,000
100.000 "
8,250
9,581
1,331,591
1,342,041
3,000
3,000
$1,554,622
$1,542,84
THE CHRONICLE
FEB. 11 19114
373
4
New England Trust Co. (Boston).
Resources-
Stocks and bonds
Real estate
Demand and time loans
Cash in bank and office
Other assets
Total
Liabilities
Capital stock
Surplus
Earnings undivided
Deposits
Other liabilities
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$2,433,219 $2,331,669 $2,591,474
700,000
700,000
700,000
14,402,431 14,849,169 15,096,120
5,930,983
8,981,133
5,522,013
47,053
47,880
56,617
$23,114,280 $26,909,024 $24,366,457
$1,000,000 $1,000,000
2,000,000
2,000,000
322,158
219,067
19,690,760 23,564,401
101,362
125,556
$1,000,000
1,800,000
411,283
21,047,274
107,900
$23,114,280 $26,909,024 $24,366,457
$17,705,896 $12,043,182 *10,316,408
1908.
1909.
1910.
2%
Rate of int.on deposits of $500 & over
2%
2%
Dividends paid in calendar year
15%
_.
15%
15%
• Total
Trust department (additional
Old Colony Trust Co. (Boston).*
ResourcesInvestments
Demand and time loans
Banking offices
Due from banks
Cash
*Dec. 31 '10. Nov. 16 '09. Feb. 5 '09.
$11,082,531 $10,074,449 510,225,577
47,567,034 23,920,141 22,580,225
1,620,946
1,944,524
1,840,000
6,606,564 10,279,020
11,578,034
4,093,404
3,429,967
5,944,070
$78,011.669 $45,975,645 $48,799,172
Total _
Liabilities
Capital stock
Surplus fund
Undivided profits _
Deposits
$2,500,000
10,000,000
708,360
64,803,309
$1,500,000
6,000,000
327,428
38,148,217
$1,500,000
5,500,000
853,548
40,945,624
478,011,669 545,975,645 548,799,172
1909.
1910.
2%
20%
20%
Total
Rate of Interest on deposits of $500 and over___ _
Dividends paid in calendar year
• City Trust Co. and Old Colony Trust Co. consolidated in February 1910.
The City Trust Co. on Jan. 31 1910, just prior to consolidation, reported
as follows: Capital, $1,500,000; surplus fund, $2,500,000; undivided profits. $883,910; deposits, 529,069,877.
Paul Revere Trust Co. (Boston).* •
Resources
U.S. and State of Massachusetts bonds
Other stocks and bonds
Time loans
Demand loans
Banking house, furniture and fixtures
Cash In banks
Cash on hand
Jan.7'it. *J'ne 30'10.
$14,388
$9,525
24,789
19,813
395,041
173,342
183,238
166,961
5,508
4,313
77,536
121.986
32,282
40,400
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$740,880
$200,000
25,000
x1,861
304,983
$740,880
Total
• Began business May 2 1910.
$528,122
$200,000
25,000
2:4,099
519,979
$528,122
x Deficit.
Puritan Trust Co. (Boston).
ResourcesBonds and stocks
Loans
Real estate
Bank building
Expense account
Cash in office
Cash In banks
Safe deposit vaults
Miscellaneous
Total
Liabilities
Capital stock
Surplus fund_
Earnings undivided
Discount
Deposits
Exchange account
Dividends unpaid
Treasurer's checks
Other liabilities
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08.
$314,441
$438,449
$540,423
1,921,139
1,959,474
1,071,754
4,205
5,809
25,212
25,000
25,000
22,486
22,680
181,314
200,103
180,199
397,454
324,232
393,480
15,583
15,000
15,000
2,162
2,219
2,206
$3,128,062
52,992,966
52,883,996
$200,000
150,000
35,679
._
2,728,421
$200,000
130,000
41,000
44,932
2,569,810
838
879
5,507
$200,000
130,000
41,000
25,889
2,450,239
982
609
20,805
14,472
$2,992,966
1910.
2%
8%
$2,883,996
1909.
2%
8,929
5,033
$3,128,062
Total
Rate of interest on deposits of $500 and over _ _
Dividends paid In calendar year
State Street Trust Co. (Boston).
ResourcesDec. 31 '10. Dec. 31 '09. Dec. 31 '08.
Loans
*11,253,581 $8,479,255 $8,812,897
Bonds and stocks
559,303
682,137
437,480
Cash in office and banks_ .____..____ 2,550,391
2,316,290
2,138,652
Real estate
306,580
296,850
306,580
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Total
Dividends paid in calendar year
$14,792,689 $11,661,428 $11,685,879
$1,000,000
1,335,898
12,456,791
$600,000
837,994
10,223,435
United States Trust Co. (Boston).
Total
$5,694,894
56,216,793
$200,000
800,000
26,104
4,668,790
$200,000
700,000
23,800
5,292,993
$5,694,894
$6,216,793
1910.
2%
20%
Rate of interest on deposits of $500 and over.
Dividends paid In calendar year
Shares. BANKS
-New York, Low.
5 America, Bank of
605
*3 Amer. Exchange Nat. Bank 235
•110 Commerce, Nat. Bank of
205
*282 Fourth National Bank_ __ _ 195
*20 Gallatin National Bank
350
*77 Park Bank, National
363J.
BANK-Brooklyn.
10 Nassau National Bank
251
High.
605
235
210
197
350
37031
Close.
605
235
208 g
197
350
370
Last previous sale.
Jan. 1911- 598
Dec. 1910- 23931
Feb. 1911- 208
Feb. 1911- 194
Feb. 1911- 335
Feb. 1911- 3633•
251
251
Feb. 1910- 246
• Sold at the Stock Exchange.
-Two New York Stock Exchange memberships were sold
this week for $73,000, an advance of $3,000 over the last
previous transaction, which occurred last week.
-The petition to close the New York Stock Exchange
to-day (Saturday) in view of Monday's holiday in commemoration of Lincoln's Birthday was voted down by the
Governing Committee of the Exchange on Thursday. While
a majority of the members had favored the additional holiday, a minority had evidenced their opposition to the closing
of the Exchange in a counter petition.
The New York Coffee Exchange voted early in the month
to close to-day but rescinded its action yesterday, and
will consequently open as usual for the Saturday session.
The Cotton Exchange will remain closed to-day and
Monday.
-Formal organization of the new United States Commerce
Court was effected on the 6th inst.,and the 15th inst. was this
week fixed as the date when it will begin the consideration of
matters coming up before it. The Court is composed of
Martin A. Knapp of New York, presiding Judge; Robert W.
Archbald of Pennsylvania; Julian W. Mack of Illinois;.
John E. Carland of South Dakota, and William H. Hunt of
Montana.
-The U. S. Senate passed on the 6th inst. the bill prohibiting the use of new issues of Panama Canal bonds assecurity for national bank notes. The proposed measure
authorizes the insertion of a clause in the bonds indicating
that they will not be receivable by the Treasurer of the
United States as security for the issue of circulating notes
by national banks. The intended law is one urged by
Secretary MacVeagh to protect the 2% Government bonds
now outstanding, which are used as a basis for national bank
circulation. New Panama bonds, if issued to bear 3% interest would likely, if similarly privileged, serve to depreciate
the other Government issues, and it is with the idea of
preventing any such result that the restriction is to be placed
on the forthcoming bonds to be issued in meeting the expenses of the Panama Canal.
-The United States Senate passed on the 7th inst. thebill embodying the recommendation of Secretary of the
Treasury MacVeagh with respect to the enactment of legislation permitting the Treasury to hold gold bullion and foreign
coin, in limited amounts, as security for gold certificates.
The law, as it now stands, requires that gold coin in an
amount equal to the gold certificates in circulation be held
as a reserve against the latter. The proposed measure
stipulates that the amount of gold bullion and foreign coin
to be held is not to exceed one-third of the total amount of
gold certificates outstanding. The text of the bill as passed
by the Senate is as follows:
Be it enacted. ecc., That Section 6 of an Act to define and fix the standard
of value, to maintain the parity of all forms of money issued or coined
by the United States, to refund the public debt, and for other purposes;
approved March 14 1900, as amended by the Act approved March 4 1907,
be, and the same is hereby further amended so as to read as follows:
Section 6. That the Secretary of the Treasury is hereby authorized
Nov. 27 '08. and directed to receive deposits of gold coin with the Treasurer, or any
$220,000 Assistant Treasurer of the United States, In sums of not less than $20, and
1,392,659 to issue gold certificates therefor in denominations
of not less than $10.
661,920
2,807,427 and the coin so deposited shall be retained In the Treasury and held for the
74,775 payment of such certificates on demand, and used for no other purpose.
453,194 Such certificates shall be receivable for customs, taxes and all public dues,
236,747
and when so received may be reissued, and when held by any national
45,846,722 banking association may be counted as a part of its lawful reserve; Provided.
That whenever and so long as the gold coin and bullion held in the reserve
$200,000 fund in the Treasury for the redemption of United States notes and Treas600,000
87,522 ury notes shall fall and remain below $100,000,000, the authority to issue
4,959.200 certificates as herein provided shall be suspended: And provided further,
That whenever and so long as the aggregate amount of United States
$5,846,722 notes and silver certificates in the general fund of the Treasury shall
exceed
1909.
2% $80,000,000, the Secretary of the Treasury may in his discretion suspend
16% the issue of the certificates herein provided for: And provided further,
114,792,689 511,661,429 $11,685,879
1909.
1910.
8%
8%
ResourcesDec. 31 '10. Dec. 31 '09.
U.S. and State of Massachusetts bonds $186,638
$186,638
1,702,507
Other stocks and bonds
1,756,228
772,165
Loans on real estate
673,150
Demand and time loans
2,241,259
2,686,515
44,562
Syndicate and participations
395,928
Due from banks
523,887
351,835
Cash on hand
390,375
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$600,000
800,938
10,284,941
ITEMS ABOUT'BANKS, BANKERS AND TRUST 00'S.-The public sales of bank stocks this week aggregate 507
shares, of which 492 shares were sold at the Stock Exchange
and 15 shares at auction. No trust company stocks were
sold. National Park Bank stock advanced in price from
3633/ to 3703 and closed at 370, the sales reaching a totalof 77 shares. Twenty shares of Gallatin National Bank
stock were sold at 350, an advance of 15 points over last
week's sale price.
374
THE CHRONICLE
[VoL. Lxxxxii.
That of the amount of such outstanding certificates one-fourth at least drawn up at the instance of the New York Clearing House by
shall be In denominations of $50 or less* And provided further, That the James M. Beck, of Shearman &
Sterling, Counsel for the
Secretary of the Treasury may in his discretion issue such certificates In
denominations of $10,000, payable to order: And provided further, That the Association, and it was this week placed before the AttorneySecretary of the Treasury may, In his discretion, receive, with the Assistant General. In his brief Mr. Beck says:
Treasurer in New York, and the Assistant Treasurer in San Francisco,
"It Is inconceivable that the members of the Clearing House contemplated
deposits of foreign gold coin at their bullion value in amounts of not less or intended to restrain Inter-State commerce. When the contrary was first
than $1,000 In value and issue gold certificates therefor of the description suggested in the Grand Jury proceedings in New Orleans, members of the
herein authorized: And provided further, That the Secretary of the Treasury Clearing House there and in New York were amazed at a suggestion,which
may, in his discretion, receive,with the Treasurer or any Assistant Treas- for the first time in the history of the country,advanced the possibility that
urer of the United States, deposits of gold bullion bearing the stamp of the banks, as well as railroads and steamships and telegraph lines, were within
coinage mints of the United States, or the Assay Office in New York, the Sherman law. Such being the case,
there would be no justification for
certifying their weight, fineness and value,in amounts of not less than $1,000 the Federal Government, either
proceeding civilly or criminally, to prohibit
In value, and issue gold certificates therefor of the description herein a local regulation for a local
facility.
authorized. But the amount of gold bullion and foreign gold so held
"The public is in no respect injured, but is, on the contrary, benefited,
shall not at any time exceed one-third of the total amount of gold certificates for it is to the advantage
of legitimate business and the free flow of commerce
at such time outstanding. And Section 5193 of the Revised Statutes of the that there shall be stability in
the collection charges of banks, as in postal
United States is hereby repealed.
rates or telegram tolls or transportation charges. It is a safe assumption
—A bill recommended by Secretary of the Treasury Mac- that few, if any, individuals will be found who will quarrel with so reasonVeagh, authorizing the payment of duties on imports and able a regulation, and if any such are found, it is wholly impossible that
either court or jury would find against the Clearing House.
internal taxes by certified check instead of in cash as at
"Why, then, should the Government go far beyond any past definition
present was passed by the House on the 7th inst. As of its powers and duties and invade the province of the States in a manner
originally drawn, the bill made available for the purpose, at which even so strong an advocate of a highly centralized government as
Alexander Hamilton would have stood aghast"?
during such time and under such regulations as the Secretary
may prescribe, certified checks drawn on national banks
only, but under an amendment adopted in the House,
certified checks of State banks and trust companies have
also been included.
—In a communication transmitted to Congress on the 6th
inst.,Secretary MacVeagh recommends the repeal of existing
laws requiring the establishment and maintenance of a
.sinking fund for tile reduction of the United States debt,
and advocates as a substitution therefor the enactment
of a law authorizing the Secretary of the Treasury, in his
discretion, to use surplus moneys for the purchase or redemption of the public debt. His later, as published in
part in the New York "Journal of Commerce," says:
Since 1869 the sinking fund has had an imaginary existence in the
reports of successive Secretaries of the Treasury, where tables have appeared
from time to time indicating the aggregate sum which the sinking fund
requirements would have attained if since that year one per cent of the
public debt had annually been set aside and the interest upon the bonds
retired had accumulated uninterruptedly.
• At present the total requirements of the fund since 1869 are calculated in
our reports to reach $1,900,000,000. But it should be said that the
accepted method of computation continually adds to this fund the accrued
Interest on bonds which have long since matured, as, for instance, upon the
seven-thirtles, the latest of which ceased to bear interest in 1868.
As a matter of fact redemptions and purchases of securities have only
been made, and additions have only been credited to the fund in years
when the revenues exceeded the expenditures, and when the Secretary of
the Treasury saw fit to purchase or repay outstanding securities. During
some years scarcely any additions to the fund have been made; In others
-the increments have exceeded its annual requirements.
Not all, however, of the purchases of bonds out of surplus revenues have
been credited to the sinking fund, the policy in this regard since the year
1881 having been fixed by the provisions in the Act of March 3 1881, which
declares that bonds purchased or redeemed from surplus revenues shall
.constitute no part of the sinking fund. According to the calculations as
published in recent years, the fund now lacks $689,000,000 of being maintained at the point required by law. On the other hand, as the aggregate
borrowings of the Government since 1862 amount to about $3,483,815,400
•and the present debt amounts to about $1,303,000,000, it would appear
that we have retired $2,180,000,000 in the intervening time, or $280,000,000 more than the calculated requirements of the fund.
On all of these accounts the cause of the lax enforcement of the law
during the half-century of Its existence, because of the contradictory and
'confusing interpretations which have been placed upon it, and, above all
because its provisions could not reasonably be enforced, except in periods
of surplus revenue, I commend the suggested draft of a bill herewith
appended for the repeal of the sinking fund laws, and for the substitution
-therefor of an authorization for the Secretary of the Treasury, in his Msncretion, to use surplus moneys for the purchase or redemption of the
public debt.
In answer to the question as to whether charges for the
service of collection can be deemed in restraint of inter-:State
commerce, and, if so, whether such restraint is within the
Sherman Anti-Trust Law, Mr. Beck submits two propositions, viz.:
"1. That the transaction is not one of inter-State commerce.
"2. That if it is, it is not such a direct, material, substantial and intentional restraint of such commerce as to be within tho fair interpretation
of the Sherman Anti-Trust Law."
The American Bankers' Association, through its counsel,
Thomas B. Paton, also presented a brief to the AttorneyGeneral in support of the position of the banks, following the
recent action in New Orleans.
—A change occurred this week in the personnel of tile subcommittee on bills of lading of the American Bankers' Association. Owing to the pressure of their business interests,
resignations as members of the committee were tendered by
Walter E. Frew, President of the Corn Exchange Bank;
Joseph T. Talbert, Vice-President of the National City Bank,
and William H. Porter, formerly President of the Chemical
National Bank and now of the firm of J. P. Morgan & Co.
Their successors are Max May, Vice-President of the Guaranty Trust Co.; Charles D. Mackintosh, New York agent
of the Canadian Bank of Commerce, and Samuel Sachs, of
Goldman, Sachs & Co. Frederick I. Kent, Vice-President
of the Bankers' Trust Co., who was Secretary of the committee, has been chosen Chairman, succeeding Mr. Frew.
The other members on the committee are Gilbert G. Thorne,
Vice-President of the National Park Bank, and John E.
Gardin, Vice-President and Manager of the foreign exchange
department of the National City Bank.
---A discussion by A. Piatt Andrew, Assistant Secretary
of the U. S. Treasury, of "American Banking Problems"
was one of the features of the tenth annual dinner of the New
York Chapter of the American Institute of Banking, held at
the Hotel Astor on Wednesday evening. Joseph T. Talbert,
Vice-President of the National City Bank of this city, likewise contributed an important paper on the occasion, his
remarks having to do with "Loans and Discounts." Mr.
Andrew, in drawing attention to the features embodied in
the monetary plan of Senator Aldrich, referred to the deficiencies of our present system, which he grouped in six
classifications as follows: first, tile lack of any co-ordinating
mechanism among banks in different parts of the country:
second, the unavailability of reserves; third, the lack of a
discount market; fourth, the inflexibility of bank note issue;
fifth, the interference of the independent treasury system
with business, and, sixth, the lack of uniformity in State
banking laws. In summing up the merits of the Aldrich
proposition, Mr. Andrew said:
—In view of the recent proceedings sought to determine
whether the banks in the New Orleans Clearing-House
Association were violating the Sherman Anti-Trust Law in
.enforcing collection charges for out-of-town-bank exchanges, the New York Clearing-House Association has interested itself in the preparation of arguments defending the
Tules under which collection charges are imposed. Mention
.of tile proceedings concerning the New Orleans banks was
The plan provides, for the first time, a co-ordinating mechanism between
made in our issue of Jan. 28. The agreements providing for
unity of
country which
,
such charges were held by United States District-Attorney the banks of different parts of thebetween them. should secure the prespolicy and uninterrupted exchange
It eliminates
Beattie to be in conflict with the Act; the jury, however, in its ent inflexibility of reserves by providing for their concentration in a single
'conclusions, decided not to return an indictment when in- Institution and by arranging for the increase of the reserves of a particular
bank through the re-discounting of its paper by that institution. It proformed by Mr. Beattie that Attorney-General Wickersham vides for a national discount market, through which prime commercial bills
lad given it as his opinion that. there was in the action of the can be translated into available funds with the same facility that standard
be
,banks no violation of the law. The subject is referred to in stocks maywithconverted into funds to-day upon the st wk exchanges. It
the bond-secured currency, and In its stead offers a flexible
does away
.an editorial article on a preceding page. So far as the New note Issue based upon commercial assets. It eliminates the objectionable
York Clearing-House Association is concerned individually, features of the independent treasury system and provides for the deposit and
of public
the matter has not been brought into question, but the handling eliminate moneys through a banking Institution. Finally, it prothe irregularities which now exist between the Federal
poses to
officials have deemed it advisable that evidence tending to and State banking systems,by extending to banks subject to Federal charter
prove that the banks are acting within their province in most of the privileges which are now enjoyed by the State chartered institutions, and
Into the
and trust
-charging for out-of-town collections be prepared and sub- companies byby drawingspecial Federal system State banks banks arc
means of
advantages which the Federal
mitted to Attorney-General Wickersham in anticipation to enjoy.
of any further inquiry s- which might develop. A brief
.—In his remarks at the annual meeting on Jan. 26 of the
defending the attitudel:of the banks has, therefore, been shareholders of the London City dr Midland Bank, Ltd., of
FEB. 11 1911.
THE CHRONICLE
375
London, Eng., Sir Edward Holden, Bart., Chairman,
reviewed at considerable length the general business conditions both at home and abroad. The year 1910, he noted,
English Financial Markets—Per Cable.
was a record one for almost every country, and international
The daily closing quotations for securities, &c.,
trade, he pointed•out, exceeded the previous record year of
at London,
as reported by cable, have been as follows
the past week:
1907. With regard to America and its business interests,
London,
Week ending Feb. 10.
Sir Edward in part said:
Sat.
Mon.
Tues.
Wed.
Thurs.
onetarg3Tom merci
"The eyes of all countries have been fixed on America during the past
year. Her securities being held largely throughout the world, almost every
Bourse is affected by their rise and fall. In 1910 they fell considerably
below the level of 1909, and serious losses were made. It is difficult to
understand her present position. The political question, the State attacks
on the corporations and the currency question are at the present time
all to the front, and her people really do not know where they are or what
may happen. Of the three questions, by far the most important is the
currency question, and the most serious part of that is the gold underlying
and protecting her liabilities. She is not retaining the amount of new
gold necessary to protect her increasing credits.
.
•
.
•
•
•
•
•
Her exchanges ran up to gold point in the first part of the year, but the
sale of exchange created by new issues placed in Europe to pay for her liabilities, together with the fall in her securities, drove down
and kept down
her exchanges from the gold point until her produce came forward,
and thus
protected the gold. To pay old liabilities, however, by
the creation of new
ones bould not be repeated often with impunity. To prevent repetitions
of this species of finance, either her exports must increase or her imports
must diminish. To effect either of these is the problem
which confronts the
United States at the present time. Her bankers have great power.
They
are the creators of loans and of credits. In the spring of 1910, recognizin
g,
/ presume, the difficulties of the position, they checked their loans, thus
checking new imports, and the effect was seen in her Clearing-House
returns, which, as compared with 1909, were about 400 millions sterling
down at the end of December 1910.
•
•
•
•
•
•
Touching the questions of the State attack on the
railways, the action
of the Inter-State Commerce Commission against
the largo corporations,
and politics In general, these matters undoubtedly
have, and will have, a
great effect in retarding the expansion of business.
Frt.
24
23 11-16 23 13-16
2334
7934
80 1-16 80 1-16 8034
80
80 3-16 803-18 804
French Rentes (in Parls).fr_ 97.65
97.60
97.4734 97.50
97.524 97.50
Amalgamated Copper Co_ _ 674
6834
6894
6834
674
b Anaconda Mining C,o
674
831
8%
8
8y,
84
Atch. Topeka & Santa Fe
109
109%
10934
110
11034 1103,4
Preferred
106
106
1054
1054
1054
106
Baltimore & Ohio
1084
1094
109
109
109
10834
Preferred
92
9134
914
9134
9134
9134
Canadian Pacific
2143
%
21434
2133,4
2154
216
2174
Chesapeake & Ohio
874
863-4
88
8934
8834
Chicago Great Western
8834
24
244
25
25
24
244
Chicago Milw. & St. Paul
135%
1364
136
1364
13594
133
Denver & Rio Grande
3434
354
35
354
344
344
Preferred
744
754
7534
75
744
7434
Erie
304
31
30%
314
324
3334
First preferred
50
50
494
514
514
524
Second preferred
39
39
39
394
40
41
Illinois Central
1394
1394
1394
13931
140
140
Louisville eic Nashville
150
150
15134
152
1519.4
1513,4
Missouri Kansas & Texas_ 364
3634
3694
374
374
374
Preferred
69
69
69
69
69
69
Nat. RR. of Mex., 1st pref._ 74
74
74
74
74
74
preferred
Second
3731 38
384
38
38
38
N. Y. Central & Hud. Riv_ _117%
1184
11734
11654
1164
117
N. Y. Ontario & Western__ _ 444
454
444
45
444
444
Norfolk & Western
110
110
110
11054
110
110
Preferred
93
92
93
93
93
93
Northern Pacific
1294
1314
130
1314
13134
13034
a Pennsylvania
67
6734
67
67
6634
66
a Reading Co
8134
824
8234
824
824
83
a First preferred
464
4634
4634
4634
464
464
a Second preferred
51
5034
5034
50%
5034
5034
Rock Island
34
344
3334
3494
34
335(
Southern Pacific
1234
12434
1234
1234
1234
12334
Southern Railway
2934
2934
2934
2934
2934
2934
Preferred
6734
68
68
69
68
68
Union Pacific
18534
1844
18334
18434
18434
18534
Preferred
964
964
964
964
9634
9634
U.S. Steel Corporation
8234
8434
834
8334
84
8334
Preferred
1234
12534
12434
12434
12234
12434
Wabash
174
1634
174
1735
1734
1734
Preferred
3734
3834
383,1
38
384
3834
Extended 4s
67
6734
6734
67
6734
67
a Price per share. b L sterling.
Silver, per oz
d
24 1-16
234
Consols, new, 23,4 per cents.._ 79 13-16 794
For account
so
80
A
Sir Edward also referred to the losses during the
year
through the forgeries of bills of lading, as has
already been
noted in an earlier issue of the "Chronicle."
The profits
of the bank for 1910, after providing for £49,614
for income
tax, amounted to £801,781. In consequence of the
amalgamation with the Bradford Banking Co.; the bank increase
d its
capital account by £190,137 10s. and the reserve fund
by
£171,123 15s. Its deposits are now £73,414,509, against
National Banks.—The following information regarding
£69,644,519 the previous year; of the increase, amounting
national banks is from the office of the Comptroller of' the
to £3,769,990, £1,250,000 is due to the amalgamation with Currency, Treasury Departm
ent:
the Bradford Bank, leaving an increase from its own business
APPLICATIONS TO CONVERT APPROVED.
The Hebron State Bank, Hebron, N. Dak., Into "The First
of £2,519,990.
NatIonak
Bank of Hebron." Capital. $25,000.
The Nassau Bank of the City of New York, N. Y., into "The Nations)
—The business of the Wells Fargo & Co.'s Bank, at 51
Nassau Bank of New York." Capital, $500,000.
Broadway;was taken over on the 6th inst. by the National
CHARTER ISSUED TO NATIONAL BANKS JAN. 25 TO JAN. 317
Park Bank, following the determination of the company
National Bank of Mt.
Capital,
to 9,922—The FirstAugur, Pres.; David C. Auburn, Ill.Vice-Pres. $25,000._
John W.
Armstrong,
; William
abandon banking operations in this city. The Wells Fargo
Hight, Cashier.
9,923—The American National Bank of Hillsboro, Ore. Capital, $50,000.
Bank was established in New York in 1852. It had a capital
A. C. Shute, Pres.; H. V. Gates, First Vice-Pres.; A. McGill, Second
of $100,000, 920 of its shares being owned by the
Vice-Pres.; C. Jack Jr., Cashier; W. V. Bergen, Assistant Cashier.
Express
Bank of Jonesville, Va. Capital, $25.Company. Its deposits amounted to about $2,500,000. 9,924—The Powell Valley Nationaln, Pres.; J. Olin Woodward
000. Robert L. Penningto
, 'Vice-Pres.;
C. E. Couk, Cashier;
With the acquisition of its business by the National Park 9,925—The Oxford National John W. Hyatt. Assistant Cashier.
Bank, Oxford, Ala. Capital, $25,000. L. B.
Miller, Pres.; W. C. Gray and W. H. McKleroy, Vice-Presidents;
Bank, the Wells Fargo & Co.'s Bank is to be placed in
liquiFrank Leigh, Cashier.
dation. Richard Delafield, President of the National Park,
is a director .of the Express Company. The action of the
Canadian Bank Clearings.—The clearings for the week endlatter in disposing of its banking connections here is, it is ing Feb. 4 at Canadian cities,
in comparison with the same
announced, in furtherance of its policy, instituted in the week of 1909, shows an increase in the aggregate of 13.4%.
West during the past decade, of retiring from control of
Week ending February 4.
financial interests. It still, however; retains a considerable
Clearings at—
Inc. or
interest in the Wells Fargo-Nevada National Bank of San
1911.
1910.
Dec.
1909.
1908.
Francisco, owning $2,000,000 of the $6,000,000 capital of
$
s
$
%
$
the institution.
Montreal
40,687,297 33,113,867 +22.9 26,804,015 23.355,157
Toronto
33,000,000 30.767,779 +7.3 27,591,126 19,298,236
,
—Three new members were elected to the board of the Winnipeg
, 15,980,400 14,592,361
+9.5 10,948,141 10,284,651
Vancouver
8,514,118 6,626,054 +28.5 3,907,760 3,141,620
Bankers' Trust Co. of this city on Monday, as follows: Joseph Ottawa
,
3,170,941 3,780,502 —16.1 2,978,064 2,789,463
Quebec
2,191,509 2,273,315 —3.6 1,894,387 1,937,548
B. Martindale, President of the Chemical National Bank
of Halifax
1,454,966 1,912,902 —23.9 1,670,234 1,700,161
New York; E. Hayward Ferry, Vice-President of the Hano- Hamilton
2,107,559 1,735,857 +21.4 1,527,920 1,333.351
St. John
1,409,491 1,333,321
+5.7 1.165,559 1,093,798
National Bank, and Thomas De Witt Cuyler, President Calgary
ver
2.531,317 2,083,588 +21.5 1.351,173
991,213
London
1,189,818 1,191,592 —0.1 1,191,854 1,010,131
of the Commercial Trust Co. of Philadelphia.
Victoria
2,096,221 1,672,391 +25.4
901,448
884.807
1,332,785 1,121,279 +18.8
—Robert C. Lewis, for the past year and a half Vice-Presi- Edmonton
729,998
568,464
Regina
1,039,482
695,249 +49.5
dent of the Guardian Trust Co. of this city, was elected Presi- Brandon
435,717 Not include d in tot al.
Lethbridge
351.471 Not include d in tot at.
dent of the institution this week. Tile presidency had been Saskatoon
1,098.595 Not include d in tot al.
469.370 Not include d in tot al.
vacant since 1909, with the retirement of F. W. Woolworth. Brantford
Total Canada
Edward F. Clark has been made First Vice-President of
116,705,904 102,900,051 +13.4 82,661,679 68,348,548
the
company and Lathrop C. Haynes, heretofore Secretar
y, has
Auction Sales.—Among other securities, the following, not
become Vice-President and Secretary. Alfred M.
Barrett
continues as Assistant Secretary. Messrs. Clark and Haynes regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
have also been elected directors of the institution.
Stocks.
Stocks.
2,500 Nevada Smelt. & Mines Corp.
—Through inadvertence, the figures of the Hudson
200 Electric Vehicle Co., com_ _330
Trust
of So. Dak., 35 each_7c.-8c.per sh. 41,000 Bunsen Smokeless Furnace lot
Co. of Hoboken, N. J., as published in the "Bank and Quo- 370 Ramapo Water Co. of N.Y.$66 lot
Co. of America. $5 each 562 lot
2,625 Bullion Mtns. Cop. Co., $5
1 N. Y. Law Institute
$125
tation Section" of Feb.4 1911 were taken from the company's
each
1 N. Y. Society Library free
32,507Am.FireIns.00.ctfs.of profits
right, $150
statement for Jan. 1 1010. That the company added ma$120
34 Buffalo Hump Mg.Co.,$10ea.
100 St. Louis Rocky Mtn. & Pac.
20 N. Y. & Bklyn. Coffee Co.,
terially to its business during 1910 is shown when comparison
RR., pref
594
$50 each
$7
10 Nassau Nat. Bank of Bklyn _251
of the figures is made, the surplus and undivided profits hav334 Carbonate Hill Mg.Co.,$10ea. lot
5 Bank of America
605
500 Julian Gold Mg. Co., $10 ea.
4 German-Amer. Fire Ins__..585
ing been advanced from $1,369,608 Jan. 1 1910 to $1,419,959
250 Anchor Mfg. Co., $25 each_
150 Santa Rita Land & Mining
Bonds.
Jan. 11911, while the deposits increased from $13,645,092
Co., $25 each
$25,000 North Car, spec. tax bonds
1,650 Discovery Gold Mining Co.
Jan. 1 1910 to $14,463,346 Jan. 11911.
West. No. Car. RR April 1870
of British Columbia
$25 lot
coupons on
s534 per $1,000,
(Commercialand BliscellantonsBews
376
THE CHRONICLE
[VoL. Lxxxxll.
DIVIDENDS.
Statement of New York City Clearing-House Banks.-The
statement below shows the condition of the New
The following shows all the dividends announced for the detailed
York Clearing-House banks for the week ending Feb. 4.
future by large or important corporations:
The figures for the separate banks are the averages for the
Dividends announced this week are printed in italics.
daily results. In the case of the totals the actual figures
at the end of the week are also given.
When
Per
Books Closed.
Cent. Payable.
Days Inclusive.
Name of Company.
For definitions and rules under which the various items
are made up, see "Chronicle," V. 85, p. 836.
Railroads (Steam).
We omit two ciphers (00) in all cases.
3
Feb. 25 Holders of rec. Feb. 4a
Alabama Great Southern, pref
•
Atch Top de Sa Fe, corn (guar.)(No. 23) 1% bleb. 1 Holders of rec. Jan.31a
s. Deposits. ReSpecie. Legal,
Loans.
Banks.
3
& Ohio, common
Mch. 1 Holders of rec. Feb. la
Baltimore
Capital. Surplus. Average. Average. Average. Average. S'Ve.
005 omitted.
2
Preferred
Mch. 1 Holders of rec. Feb. in
-50c. Feb. 15 Feb. 2 to Feb.14d
Bellefonte Central
$
$
$
$
$
$
1% April 1 Holders of rec. Mch. la
Boston & Maine, common (guar.)
20,403,0 26.6
3
Preferred
Mch. 1 Holders of rec. Feb.15a Bank of N. Y__ 2,000,0 3,578,4 21,780,0 4.434,0 1,004,0 39,350,0 28.2
2.050,0 4,362,2 34,100,0 8,767,0 1,579,0
Buffalo Rochester & Pittsburgh. common 234 Feb. 15 Holders of rec. Feb. 7 Manhattan Co_
2,000,0 1,835,4 20,847,0 3,602,0 1,870,0 21,504,0 25.4
Preferred
3
Feb. 15 Holders of rec. Feb. 7 Merchants' ____
54,610,3 26.0
Canadian Pacific (guar.)
1% April 1 Holders of rec. Melt. 1 Mech. & Metals. 6,000,0 8.087,8 55,318,2 12,562,3 1,680,0
1,500,0 6,006,3 27,476,8 5,388.4 1,944,1 28,488.3 25.8
Extra (from proceeds of land sales)._
1 Holders of rec. Mch. 1 America
April
7,344,0 43.4
525,0
1,000,0
755,7
6,836,0 2,601,0
Chestnut Hill (guar.)
134 Mch. 4 Feb. 21 to Mch. 3 Phenix
25,000,0 32,665,9 . 171,927,7 56,882,0 8,750,0 179,736,9 35.4
Chic. MIlw. & St. Paul, com,and pref_ _
334 ?deb. 1 Holders of rec. Feb. 8a City
3,000.0 6,496,3 29,743.9, 5,554,2 1,681,3 28,052,3 25.9
Minn. & Om., corn. and pref. 334 Feb. 20 Holders of rec. Feb. 3a Chemical
Ch. St. P.
7,351,1 25.1
574,3
600,0
288,2
7,144,11 1,576,7
3
Mch.
Cincinnati Northern
Holders of rec. Feb. 10 Merchants' Ex_
6,921,8 26.2
506,2
1,000,0 2,515,4
8,638.5, 1,313.7
Cleveland & Pittsburgh, guaranteed (guar.) 1% Mch. 1 Holders of rec. Feb.10a Gallatin
2,265,0 22.2
148.5
82,4
300,0
2,219,5;
440,5
Feb.10a Butch. & Drov.
Special guaranteed (guar.)
1
Mch. 1 Holders of rec.
8,821,0 25.1
845,4
500,0
188,3
7,909,71 2,030.5
MO. 1 Holders of rec. Feb.17a Greenwich
Cripple Creek Central, pt. (qu.)
(No.21) 1
30,815,6 26.0
4,336.7 39,324,5
Delaware & Bound Brook, guar. (guar.)._
2
Feb. 20 Holders of rec. Feb. 10 American Exch. 5,000,0 18.511,9 150,471,1 6.765,6 3,581,9 135.507,0 29.1
25,000.0
31,758,8 7,640,3
Commerce
Grand Trunk, 3d preferred
34
3,000,0 2,678,7 14,012,5 1,524,5 1,087,9 10,392,4 25.1
Illinois Central (No. 112)
334 Mob. 1 Holders of rec. Feb. la Mercantile
3,383,0 25.3
927,8
501,9
3,857,8
353,8
500.0
Mch. 1 Holders of rec. Feb. 3a Pacific
N. Y. Chicago & St. Louis, corn.(annual) 3
9,119,7 25.7
8,553,5 1,192,0 1,153,4
450,0 1,042,0
234 Mch. 1 Holders of rec Feb. 3a Chatham
First and second preferred
2,260,3 31.7
147,1
1,682,3
480,3
571,3
200,0
Norfolk & Western, common (quar.)._
1M Mch. 18 Holders of rec. Feb.28a People's
3,000.0 12,155,9 69,003,4 12,807,2 7,226,8 78,004,8 25.7
Feb. 17 Holders of rec Jan.31a Hanover
1
Preferred (quar.)
323,3 23,190,6 26.0
2,550,0 1,732,6 23,322,5 5,683,4
Cent
4% Feb. 21 Holders of rec. Feb.10a Citizens'
Oswego & Syracuse, guaranteed
8.507,3 25.8
7,345,:3
815,0 1,388,1
546,0
500,0
134 Feb. 28 Holders of rec. Feb. 4 Nassau
Pennsylvania (guar.)
8,873,7 25.3
9,013,9 1,109,5 1,139,5
1,000,0 1,727,1
Mch. 4 Feb. 21 to Mch. 3 Market & Fult_
Phila. Germantown & Norristown (guar.). 3
10,682,7 26.6
242,1
2,000,0 1,518,8 10,537,0 2,608,6
Mch. 10 Holders of rec. Feb.20a Metropolitan
2
Reading Co. first preferred
Corn Exchange. 3,000,0 5,429,2 41,376,0 8,563,0 4,920,0 49,279,0 27.3
Rome Watertown & Ogd., guar. (quar.). 1% Feb. 15 Holders of rec. Jan.31a
24,865.0 24.6
234 Feb. 15 Feb. 11 to Feb. 14 Imp. &Traders' 1,500,0 7,535,7 27,164,0 4,352,0 1,788,0 85,722,0 25.5
Seaboard Company, 1st pret
5,000,0 12,511,9 82,209,0 20,515,0 1,398,0
134 April 1 Holders of won't No. 18 Park
Southern Pacific (guar.) (No. 18)
1,740,7 26.4
105,7
295,4
1,537,6
94,2
250,0
2% April 1 Sept. 13 to Oct. 12 East River....
Pacific, common (guar.)
Union
5,000,0 5,616,6 35,831,0 8,994,0 2,083,0 39.009,0 28.4
2
April 1 Sept .13 to Oct. 12 Fourth
Preferred (guar.)
134,0 12,854,0 25.2
1,000.0 2,136,8 13,118,0 3,109,0
334 Mch. 30 Holders of rec. Mchl5a Second
Utica de Black River
10,000,0 20,543,2 107,853,3 25,858,7 2,291,3 101,725,7 27.6
Feb. 25 Holders of rec. Feb. 15 First
Vandalia (guar.)
2,000,0 1,807,1 24,548,2 4,728,4 1,988,3 25,874,3 25.9
Irving Exch
Street and Electric Railways.
3,424,0 25.2
54,0
250,0
809,0
3,304,0,
802,7
Feb. 15 Feb. 5 to Feb. 15 Bowery
3
Boston Elevated Rv
7,962,0 24.3
634,1
7,911,0 1,268,4
500,0 1,646,7
to Feb. 15 N. Y. County
1
Feb. 15 Feb. 1
Connecticut Rat. & Ltg., corn. & pref.(gu)
4,014,9 25.7
220,2
813,0
4,119,7'
711,2
750,0
15% Mch. 6 Feb. 18 to Mch. 5 German-Amer _
Detroit United Ry
5,000,0 7,953,4 80,569.0 17,132,0 4,424,0 87,552,0 24.6
April 1 Holders of rec. Mch. 15 Chase
Duluth-Superior Traction, corn. (guar.)
100,0 2,170,6 12,888,9 2,657,9 1,050,0 14,208,7 28.0
-Avenue
April 1 Holders of rec. Mch. 15 Fifth
1
Preferred (guar.)
3,360,0 25.5
458,9
400,6
3,432.7
901,3
200,0
234 Mch. 1 Holders of rec. Feb. 17 German Exch..
Elmira Water, Light & RR., preferred_ _ _ _
5.784,9 24.9
505,0
937,5
5,041.8
200,0 1,023,4
234 Mch. 15 Holders of rec. Mch. 1 Germania
El Paso Elec. Co., corn. (No. 3)
13,730,0 25.8
880,1
1,000,0 1,560,8 13,265,9 2,662,9
134 Mch. 1 Feb. 16 to Mch. 1 Lincoln
Federal Lt. & Trac., pref. (quar.)---408,7
9,028,9 25.5
8,846,2 1,894,7
1,000,0 1,209,1
Havana Electric Ry., corn. & pref.(qu.. 134 Feb. 11 Jan. 22 to Feb. 12 Garfield
3,515,8 25.8
282,5
624.9
3,271,5
513,5
250.0
Kokomo Marlon & West. Tract., corn.. 134 Feb. 15 Feb. 11 to Feb. 15 Fifth
2,088,4 12,458,71 1,615,6 1,438,2 12,442,2 24.5
1,000,0
Mch. 1 Holders of rec. Feb.16a Metropolis
Metrop.West Side El., Chic.,pref.(eruar.) _
4,543,0 26.1
238,0
951,0
4,053,0
200,0 1,051,5
134 Mch. 1 Holders of rec. Feb. 10 West Side
Northern Texas Elec. Co., cont. (guar.). _ _
1,000,0 1,985,5 22,161,0, 5,115,0 1,598,0 25,897,0 25.9
3
Mch. 1 Holders of rec. Feb. 10 Seaboard
Preferred (No. 11)
799,4 19,839,9 25.1
2,692,7 19.070,1 4,189.7
1.000.0
2% Mch. 1 Holders of rec. Feb. 10 Liberty
Philadelphia Company, preferred
9,214,0 26.7
183,0
7,742,4 2.281,9
735,6
Mch. 1 Holders of rec. Feb. 11 N.Y.Prod. Ex. 1,000.0
Portland (Ore.) Ry., Lt. & Power(No.1) $1
320.0 19,149.0 25.0
893,2 15,206,0 4,482,0
1,000,0
13 Mch. 1 Holders of rec. Feb.23a State
Rochester Ry. ct Light, pref. (guar.)
6,417,0 26.4
633,6
5,655,5 1,081,9
311,2
1,000.0
Susquehanna Ry. Lt. & Power, pref---- 234 Mch. 1 Feb. 16 to Feb. 28 14th Street_ _ _ _
6,220,0 25.7
753,0
851,0
6,004,0
401,4
2
Feb. 15 Holders of rec. Feb. 4a Coal & Iron.... 1,000,0
'
Tampa Elec. Co. (quar.)(No. 23)
9,104,4 24.9
9,113,0 1,070,8 1,196,8
925,2
1,000,0
Holders of rec. Mch. 11 Union Exch
Twin City Rapid Transit, corn. (quar.).... 1% April 1
1% April 1 Holders of rec. Mch. 15
Preferred (guar.)
1341,082,2 27.6
April 1 Holders of rec. Mch. 15 Totals Average 133,350,0 196,761,5 1308.592.7 297,575.1 73,315,3 1344,122,1 27.8
Spokane (guar.) 2
Washington Water Pow.,
1309,183,0 300,196,0 73,233,1
'
Actual figures Feb.4
Miscellaneous.
$3 Mch. 1 Feb. 15 to Feb. 28
Adams Express (guar.)
34 Feb. 27 Holders of rec. Jan. 28a
Amalgamated Copper (guar.)
On the basis of averages, circulation amounted to $47,119,100 and United States
Feb. 20 Feb. 15 to Feb. 20
1
American Chicle, corn. (monthly)
deposits (included in deposits) to $1,681,800; actual figures Feb. 4, circuation,
$3 April 1 Holders of rec. Feb. 28 $47,140,700; United States deposits, $1,690,900.
American Express (guar.)
(guar.)._
Mch. 31 Nich. 23 to Mch. 31
2
American Radiator, common
Mai. 31 Melt. 23 to Mch. 31
2
Common (extra)
The State Banking Department also now furnishes weekly
1% Feb. 15 Feb. 7 to Feb. 15
Preferred (guar.)
_
134 Mch. 1 Feb. 18 to Feb. 26 returns of the State banks and trust companies under its
pref. A (qu.)(No.24)_
Am. Smelt.
134 Mch. 1 Feb. 18 to Feb. 28 charge. These returns cover all the institutions of this class
Sec..
Pref. D Mar.) (No. 23)
15% Feb. 15 Feb. 1 to Feb. 15
American Steel Foundries (guar.)
1
Mch, 1 Holders of rec. Feb.14d in the whole State, hut the figures are compiled so as to
American Stogie, preferred (guar.)
1% Mel), ld Holders of rec. Feb.28a distinguish between the results for New York City (Greater
Amer. Telegr. & Cable, guar. (guar.)._
(quar.)___ - 234 Itch. 1 Feb. 11 to Mch. 8
American Tobacco, common
of the State, as per the
734 Mch. 1 Feb. 11 to Mch. 8 New York) and those for the rest
Common (extra)
1
April 1 Holders of rec. Mch,15a following:
American Writing Paper, preferred
rec. Feb. 6a
Feb. 15 Holders of
Bond & Mortgage Guarantee (quar.)...... 3
For definitions and rules under which the various items are
4
Feb. 15 Feb. 5 to Feb. 15
Borden's Condensed Milk, common
234 Mob. 1 Holders of rec. Feb.24a made up, see "Chronicle," V. 86, p. 316.
British Columbia Copper (guar.)
1
25c. Mch. 1 Feb. 11 to P.Ich.
Butte Coalition (guar
STATE BANKS AND TRUST COMPANIES
Butterick Company (quar.)
34 Mch. 1 Holders of rec. Feb.15a
Cambria Steel (guar.)
134 Feb. 15 Holders of rec. Jan.31a
Trust CotStale Banks
Trust Cos.
State Banks
Canada Cement, Ltd., pref. (qu.)(No. 4) 1% Feb. 16 Feb. 1 to Feb. 10
outside
outside of
In
Feb. 15 Holders of rec. Feb. 8
In
Consol. Gas Elec. L. & Pow., corn. (guar.). 1
Week ended Feb. 4
134 Melt. 15 Holders of rec. Feb.15a
Greater N. Y. Greater N. V. Greater N. V. Greater N.
Consolidated Gas of N. Y. (guar.)
1% April 1 Holders of rec. Mch.25a
Cuban-American Sugar, pref. (guar.)._
Mch. 1 Holders of rec. Jan. 31
$
5
Eastman Kodak, common (extra)
9,525,000
8,098,000
65,408,000
25,275,000
General Asphalt, pref. (guar.) (No..15). 1% itch. 1 Holders of rec. Feb. la Capital as of Nov. 10_ _
854b Mch. 1 Holders of rec. Feb. la
Preferred (extra) (No. 2)
11,078,293
11,245,739
134 itch. I Holders of reo. Feb.18a Surplus as of Nov. 10.... _
174,583,300
common (quar.).....
39,391,800
General Chemical,
2
AprIl 15 Holders of rec. Mch. 4a
General Electric(guar.)
94,738.700 143,385,800
1 Holders of rec. Feb.10a Loans and investments._ 288,805,000 1,011,097,700
Internat. Harvester, pref. (qu.) (No. 16) 134
+652,900
-58,800
1
Mch. 1 Feb. 10 to Mch 1
-43,200 +19,698,400
International Nickel (guar.)
Change from last week_
34 itch. 1 Feb. 10 to Mch. 1
Common, extra (guar.)
234 Feb. 15 Holders of rec. Feb. 7 Specie
50,634.500 108,097,700
Jefferson & Clearfield Coal & Iron, pref._
+760.800
154 Feb. 15 Feb. 1 to Feb. 15
+2,003,200
Kansas City Breweries, pref. (guar.)Change from last. week
itch. 1 Ho ders of rec. Feb.17a
Kings County Electric Light 41 Power (qu.) 2
12,800,200
Feb. 28 Holders of rec. Jan. 31 Legal-tenders dz bit. notes
23,697,200
Lehigh Coal dr Nay. (guar.) (No. 129)... 2
-717,100
1
, Mch. 1 Feb. 17 to Mch. 1
-589,600
Michigan State Telephone, corn. (guar.). 15
-Change from last week_
134 Feb. 15 Holders of rec. Jan. 31
Mobile Electric Company, pref. (guar.)._
Feb. 15 Holders of rec. Jan.3 in Deposits
Lt.. Ht. & Pow.(qu.)(No. 39). 2
335,848,000 1,078,605,800 100,255,300 152,781,000
Montreal
+931,400
+58,400
13‘ April 15 Holders of rec. Mch.28a
NationalBiscuit, common (guar.)
Change from last week_ +2,519,100 +28,796,200
1% Feb. 28 Holders of rec. Feb.15a
Preferred (guar.)(No. 52)
23,925,800
127,917,400
20,991.100
1% itch. 15 Feb. 18 to Feb. 22 Reserve on deposits
97,229,500
National Lead, pref. (quar.)
+653,500
+757,600
+400,900
Feb. 9 Holders of rec. Jan. 20a
2
New York & Richmond Gas
Change from last week. +3,230,300
Mch. 20
,
134 Mch. 20 itch. 14 to
Niles-Bement-Pond, common (guar.)
18.3%
21.7%
134 Feb. 15 Feb. 11 to Feb. 15 P. C. Reserve to deposits.
15.7%
29.5%
Preferred (guar.)
18.0%
21.3%
15.8%
North American Co.(guar.)
134 April 1 Holders of rec. Mch.15a
Percentage last week
28.7%
Pacific Gas dt Elec., pref. (guar.)(No. 20) 134 Feb. 15 Holders of rec. Jan 31a
rec.
15% Feb. 25 Holders of rec. Jan.20a
People's Gas Light & Coke (guar.)
Feb.21a
+ Increase over last week. - Decrease from last week.
134 itch. 15 Holders of
Philadelphia Electric (guar.)
11
15% Feb. 20 Feb. 11 to Feb. 20
Pittsburgh Brewing, common (guar.)
Note.-"Surplus" includes all undivided profits. "Reserve on deposits" into Feb. 20
Preferred (guar.)
134 Feb. 20 Feb.
cludes, for both trust companies and State banks, not only cash items, but amounts
rec.
134 itch. 1 Holders of to Feb. 18 due front reserve agents. Trust companies in New York State are required by
Pittsburgh Steel, pref. (guar.)
Feb. 15
134 Feb. 15 Feb. 11
the ratio varying according
Pratt & Whitney, preferred (guar.)
22 law to keep a reserve proportionate to their deposits,
Pressed Steel Car, pref. (guar.) (No. 48) 1% Feb. 23 Feb. 3 of to Feb.
shown below. The percentage of reserve required is computed on
rec. Jan.31a to location asof
Feb. 15 Holders
3
Procter & Gamble, corn. (quar.)
aggregate
deposits, exclusive of moneys held in trust and not payable within
the
Feb. 15 Holders of rec. Jan.31a thirty days. and also exclusive of time deposits not payable within 30 days. repre2
Pullman Company (guar.)(No. 178)._
234 April 15 Holders of rec. April in sented by certificates, and also exclusive of deposits secured by bonds of the State
Quaker Oats, common (guar.)
134 Feb. 28 Holders of rec. Feb. la of New York. The State banks are likewise required to keel) a reserve varying
Preferred (guar.)
134 May 31 Holders of rec. May in according to location, the reserve being computed on the whole amount of deposits
Preferred (guar.)
Mch. 20 Holders of rec. Feb. 25 exclusive of time deposits not payable within 30 days, represented by certificates
1
Quincy Mining (guar.)
1% Feb. 15 Holders of rec. Jan.31a (according to the amendment of 1910) and exclusive of deposits secured by bonds
Sears-Roebuck & Co., corn. (guar.)
m Feb. 15 Holders of rec. Feb. 10 of the State of New York.
Silversmith's Company (guar.)
Mch. I
Stern Bros., pref. (guar.) (No. 1)
-State Banks
154 Mob. 1 Feb. 21 to Feb. 15
-Trust Cos.Of
1
Feb. 15 Feb. 2 to
United Bank Note Corp.. corn. (guar.)._
Total
Of
7'otal
Reserve Required for Trust Companies
which
United Cigar Mfrs., pref. (guar.)
134 Mch. 1 Holders of reo. Feb.23a
which Reserve
Reserve
and State Banks.
U.S. Radiator Corp.. pref. (guar.)
134 April 15
Required in rogh.Reguired. in rash
Loeatiqn15%
25%
U. S. Steel Corp, corn. (quar.)(No. 29)- 131 itch. 30 Mch. 2 to Mch. 12 Manhattan Borough
15%
15%
10%
Preferred (guar.) (No. 39)
20%
10%
134 Feb. 27 Feb. 7 to Feb. 27 Brooklyn Borough (without branches in Manhat.) 15%
'04%
U.S. Telephone, pref.(guar.)
15%
10%
134 Feb. 15 Holders of rec. Jan. 30 Other Boroughs (without branches in Uanhattan) 15%
20%
20%
Virginia-Carolina Chemlcal. corn. (guar.) 134 .. Feb. 15 Feb. 5 to Feb. 15 Brooklyn Borough, with branches in Manhattan.._15%
,15%
_
_
_
15%
15%
15%
Other Boroughs with branches in Manhattan..-_ -15%
6%
a Transfer books not closed. S Extra dividend Is in full of accumulated unpaid
5%
10%
15%
Elsewhere in State
dividends and Is payable in convertible 5% debentures. d Correction.
FEB. 11 1911.1
THE CHRONICLE
377
The Banking Department also undertakes to present
Boston and Philadelphia Banks.
-Below is a summary of
separate figures indicating the totals for the State banks and the weekly totals of the Clearing-House
banks of Boston
trust companies in the Greater New York not in the Clearing and Philadelphia.
House. These figures are shown in the table below, as are
We omit two ciphers (00) in all these figures
also the results (both actual and average) for the ClearingCapital
House banks. In addition, we have combined each correBanks.
and
Loans.
Specie. Legals. Deposits. a Circu- Clearings.
sponding item in the two statements, thus affording an
Surplus.
lalion.
aggregate for the whole of the banks and trust companies in Boston.
3
•
Jan. 14_ _ 40.200,0 204,251.0 25,976.0 3,557,0 257,658.0 7.840,0 198,963,2
the Greater New York.
Jan. 2!.... 40,200,0 296,216,0 27,647,0 3.506,0
NEW YORK CITY BANKS AND TRUST COMPANIES.
-House Clear.-House State Banks & Total of all
Clear.
Banks.
Banks.
Trust Cos. not Banks& Trust
Actualleigures
Average. in C.
-H. Aver. Cos. Average.
Week ended Feb. 4.
Nat. Banks,
Capital )
Jan. 7_ _
Banks,
J Nov. 10_ _ _
Surplus }State
133,350,000
133,350,000
74,731,000
208,081,000
196,761,500
196,761,500
183,170,000
379,747,100
Loans and investments 1,309,183,000 1,308,592,700 1,091,939,200 2,400,531,900
Change from last week +9.752,200 +34,618,000 +18,994,300 +53,612,300
Deposits
1,344,122,100 1,341,062,200 a1,047,199,900 2,388,262,100
Change from last week +12,105,700 +40,240,700 +22,455,900 +62,696,600
Specie
Change from last week
300,196,000
+6,410,100
297,575,100
+9,663,800
114,558,900
+343,800
73,233,100
-3,343,100
73,315,300
-3,344,200
b20,404,900,
-846,4001
373,429,100
+3,067,000
370,890,400
+6,319,600
208.459.6
158,011,7
185,246,6
55,465,0
55.465,0
55,465.0
65,465,0
154,013,6
157.642,7
137,475,5
165,030,2
c134,963,800
-502,600
505,854,20)
+5,817,000
24,093.400
+2,342,000
24,093,400
+2,342,000
159,057,200
+1,839,400
529,947,600
+8,159,000
Money on deposit with
other bks. & trust cos.
Change from last week
Total reserve
Change from last week
373,429,100
+3,067,000
370,890,400
+6,319,600
Percentage to deposits
requiring reserve _ _ _ _
Percentage last week_
27.81%
27.83%
27.68%
28.06%
Surplus reserve
37,398,575
35,624,850
17.4%
17.4%
+ Increase over last week. -Decrease from last week.
a These are deposits after eliminating the item "Due from reserve depositories
and other bank and trust companies in New York City"; with this item included,
deposits amounted to $1,179,984,400, an increase of $29,043,700 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 $13,165,900 and trust companies 5121,797,900.
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 COMPANIES IN
GREATER NEW YORK.
We omit two ciphers in all these figures.
Week
Ended.
Dec.
Dec.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
3_
1017...
24._
31....
7_ _
14..
21_
28._
4.
Loans and
Investment,.
Deposits.
Specie.
2,326,766,7
2.337,587,5
2,327,051,6
2,330,147.6
2,341,817,9
2,328,080,2
2,287,094,2
2,314,241,8
2,346,919.6
2.400,531,9
$
2,245,922,5
2,246,876,1
2,237.094,3
2,244.128,2
2,256,564,0
2,254,509,1
2,230,817,2
2,278,042,7
2,325,565,5
2,388,262,1
361,995,1
353,478,3
352,408,7
356,629,3
355,917,5
357,504,3
372.712,3
391,052,4
402,126,4
412,134,0
Tot. Money Entire Res.
Holdings. on Deposit.
Legals.
89,282,8
88,161.3
89,306,6
89,257,5
91,038,5
92,086,4
93,917,8
95,099,7
97,010,8
93,720,2
451,277,9
441,639,6
441,716,3
445.886,8
446,956,0
449,590,7
466,630,1
486,152,1
500,037,2
505,854,2
475,117,2
465,636,4
465,650,6
469,142,3
468,777,8
472 423,2
489,427.3
508,071,6
521,788,6
529,947,6
Reports of Clearing Non-Member Banks.
-The following
is the statement of condition of the clearing non-member
banks for the week ending February 4, based on average
daily results:
We omit two ciphers(00)in all thesefigures.
Loans,
flanks.
ea et(
,,l
nisets
Surplus.
and
Investments.
N. Y. City
Boroughs of
Man.& Brx.
$
$
5
Wash. Hgts 100,0
274,3 1,175,0
Century _ _ 250,0
155,6 1,417,2
Colonial __ 400,0
391,4 5,820,8
Columbia _ _
300,0
775,8 7,006,0
Fidelity ___ 200,0
172,5 1,051,7
Jefferson... 500,0
537,5 3,021,8
313.9 2,505,3
Mt. Morris_ 250,0
Mutual ____ 200,0
379,5 3,001,3
462,0 4,103,0
Plaza
100,0
23d Ward__ 200,0
110,6 1,772,1
Yorkville _ _
482,0 3,987,0
100,0
New Nethld 200,0
259,8 2,197,0
Batt Pk.Nat 200,0
149,4 1,571,0
Aetna Nat_ 300,0
312,4 1,838,5
Borough of
Brooklyn.
Broadway _
200,0
534,2 3,322,8
Mfrs.' Nat_ 252,0
835,8 5,300,4
Mechanics' 1,000,0
882,0 11,247,9
Nassau Nat. 750,0 1.015.3 7,155,0
Nat. City- - 300,0
587,6 3,658,0
North Side_ 200,0
149,5 1.924,0
623,5 3,299,0
First Nat.... 300,0
Jersey City.
First Nat__ 400,0 1,272,9 5,142,8
Hud.Co.Nat 250,0
765,3 2,964,1
407,6 2,065,7
Third Nat._ 200,0
Hoboken.
621,3 3,127,8
First Nat._ 220,0
245,9 2.657,9
Second Nat. 125,0
Specie.
Legal
Tender
and
Bank
Notes.
Deposit with
Clearing
Agent.
Other
Net
Banks. Deposits.
&c.
.
$
138,0
44,8
722,9
604.0
82,7
186,9
448,9
19,8
331,0
178,9
44,4
230,0
170,7
452,1
$
47,0
186,1
436,0
567,0
86,7
306,5
37,1
635,5
432,0
58,3
718,9
77,0
40,9
30,8
$
121,0
67,0
659,6
739,0
220,5
248,6
268,2
828,6
774,0
351,7
261,6
402,0
102,2
273,0
$
16,0
98,2
239,2
62,0
440,2
70,8
250,0
35,0
70,7
231,7 3,678,5
126,3 5,851,2
209,5 14,414,5
7,418,0
182,0 4,963,0
84,9 2,303,8
39,0 2,888,0
349,3 2,893,4
45,8
211,5
132,1
500,2
164,0 7,360,5
144,1 2,555,5
38,2 2,351,1
127,4
77,1
16,7
127,7 170,0 2,839,9
124,273,9 250,6 3,067,1
--........___
Tot. Feb. 4 7,497,0 12,717,6 92,333,1 6,497,9 7,155,0 14,355,2 2,922,4 107318,5
Tot. Jan. 28 7,497,0 12,717,6 92,594,3 6,532,4 7,290.8 13,899,5 3,061,2 107352,7
Tot. Jan. 21 7,497,0 12,717,6 92,730,0 6,554,6 7,485,9 14,403,4 3,001,0 108272.4
72,754,0
75,834,0
75,971,0
77,198,0
310,691.0 15,735,0
312.829,0 15.708.0
311,530,015,687.0
15 694 0
313,779.0I' '
Imports and Exports for the Week.
-The following are
the imports at New York for the week ending Feb. 4; also
totals since the beginning of the first week in January.
FOREIGN IMPORTS AT NEW YORK.
For week.
1911.
Dry goods
General merchandise
4
Total
Since January.1.
Dry goods
General merchandise
1910.
$3,057,187
10,395,537
1909.
1908.
$4,000,328. $3,881,438
13,357,1071 11,190,264
$3.019,081
8,319,058
$13,452,724 $17,357,435 515.071,702 $11,338,139
$16,051,726 $18,686,095 $18.276,599 $15,337,402
62.587,4.4 73,884,131 57,703,961 37,484.681
Total 5 weeks
$78,639,180 $92,570,226 $75,980,560 $52,822,083
The following is,a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 4 and from Jan. 1 to date.
EXPORTS FROM NEW YORK.
1911.
1910.
1909.
1908.
For the week
Previously reported
$17.643,657 $12,858,931 $11,300,969 $18,430,799
59,130,540 50.713,333 52,901,407 69,518,515
Total 5 weeks
$76,774,197 $63,572,284 $61,202,376 $87,949,314
The following table shows the exports and imports of
specie at the port of New York for the week ending Feb. 4
and since Jan. 1 1911 and for the corresponding periods in
1910 and 1909:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Gold.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
Imports.
Exports.
Week.
SinceJan.l.
Week.
Since Jan.1
$71
$64,925
1111
Sliver.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
225,000
44,875
$109,925
142,676
250,000
Total 1911
Total 1910
Total 1909
5876,245
3,122,576
8,093,125
3.475
243
72,224
76,334
$606,370
25,000
20,000
$15.644
18,784
782,828
15,053
300,549
262,241
$182,343 $1,395,099
5. 7
9 96
412,252
0,964
658,957
8
.
$109,148
4.762
791
3,952
217,432
133,068
244,497
$855,845 $4,975,676
558,721 4,285,375
1,237,680 5,175,329
Total 1911
Total 1910
Total 1909
1,000
700
791
363
55,209
5.934
85,232
$148,624
80.330
146,743
$713,650
490.759
491,554
$778,469 $4,575,922
330.000
26,400
16,493
51,561
50,476
500
$1,095
s
1,125,0
1,450,0
7,181,7
7,880,0
1,097,0
3,594,9
3,094,5
4,107,0
5,195,0
2,067,9
5,110,2
2,507,0
1,265,4
1,951,8
48,6 412,5
243,8
533,3 158,6
899,8
371,4 1,216,0 1,377,2
628,0 307,0 1,304,0
95,0 536,0
794,0
137,1 118,0
290,7
306,0
79,0
322.0
330,8
143,8
44,3
258,072,0
257,988,0
259.624,0
260,996,0
a Includes Government depos ts and the item "due to other banks." At Boston
Government deposits amounted to $3,056,000 on February 4, agalnst $3,055,000
on January 28.
93,720,200
-4,190,600
Aggr'te money holdings
Change from last week
262,512.0 7,796,0
40,200,0 207,387,0 28,376,0 3,417,0 259,493,0 7.765,0
40,200,0 216,804,0 28,335,0 3,225,0 275,617,0 7.763,0
412,134,000
+10,007,600
Legal-tenders
Change from last week
Jan. 28...
Feb. 4 _ _
Phila.
Jan. 14_ _
Jan. 21_
Jan. 28....
Feb. 4 _ _
Of the above imports for the week in 1911, $3,470 were
American gold coin and $324 American silver coin.
Xaniting and fluanciaL
Railroad and Industrial Stocks
Let us send you our circular describing 110 ISSUES of listed Railroad and Industrial Stocks,
Spencer Trask & Co.
43 EXCHANGE PLACE.- - - NEW YORK.
Chicago, Ill.,
Boston. Mass.,
Albany, N. V.
Members New York Stock Exchange.
WHITE, WELD & CO.
Members New York Stock Exchange.
5 NASSAU STREET;
NEW YORK
THE ROOKERY,
CHICAGO
[VOL. LXXXXII.
THE CHRONICLE
378
Cankers' Gazette,.
Wall Street, Friday Night, Feb. 10 1911.
-Changes in
The Money Market and Financial Situation.
security values this week have, in most cases, been so small
as to have little or no significance, and of such a market
there is not much more than the bare facts to record. That
the more hopeful feeling noted last week as prevailing in
business circles generally is still in force is evidenced by the
fact that the security markets have maintained a firm tone
in the face of liberal, offerings this week. The "January
rise," which has been 8o common an occurrence in recent
years as to have become proverbial, was, as is well known, a
prominent feature of last month's market, and .it is reported
that a considerable portion of this week's business was the
result of offerings by owners who acquired their holdings at
prices well below present market values. If the latter is
true, it is suggestive of what might follow any considerable
increase in the demand.
The copper statistics for January, given out early in the
week, showed smaller exports and also smaller sales for
domestic consumption, so that, although the output was reduced, the stock on hand Feb. 1 was largely in excess of that
shown a month earlier. Notwithstanding this fact, all the
prominent copper shares have advanced in price.
The Bank of England shows a reserve amounting to over
53%, which is well above the average for this season in recent
years, and all the Continental banks make favorable reports.
The flow of currency from the interior towards this centre
has diminished somewhat, and rates for money on time have
been marked up % of 1% for nearly all maturities.
The Bank of England weekly statement on Thursday
showed an increase in bullion of ,E870,892 and the percentage of reserve to liabilities was 53.22, against 51.49 last week.
The rate of discount remains unchanged at 4%, as fixed
Jan. 26. The Bank of France shows an increase of 5,950,000
francs gold and 5,300,000 francs silver.
The open market rate for call loans at the Stock Exchange
during the week on stock and bond collaterals has ranged
from 13 to 23/2%. To-day's rates on call were 2%@2%%.
Commercial paper quoted at 3%@43% for 60 to 90-day endorsements, 4@43% for prime 4 to 6 months' single
names and 4V2@5% for good single names.
NEW YORK CITY CLEARING-HOUSE BANKS.
1909.
1910. •
1911.
Averages for Averages for
Differences
Averages for
week ending week ending
from
week ending
Feb. 6.
Feb. 5.
previous week.
Feb. 4.
$
$
$
$
128,350,000 126,350,000
133.350,000
Capital
181,089,100 165,447,700
196,761,500
Surplus
Loans and discounts_ _ _ 1,308,592,700 Inc. 34,618,000 1,232,688,600 1.343,667,400
49,201,300
50.776.800
112,000
47,119,100 Dec.
Circulation
1,341,062,200 Inc. 40,240.700 1,251,720,500 1.402,828,400
Net deposits
1,674,200
8,900
3,752,800
1,681,800 Inc.
U. S. dep. (Incl. above)
297,575,100 Inc. 9,663,800 269,705,600 280,402,000
Spec e
69,947,400
80,641,900
73,315,300 Dec. 3,344,200
Legal tenders
Reserve held
25% of deposits
Surplus reserve
Surplus, excl. U. S. dep
370,890,400 Inc. 6,319,600
335,265,550 Inc. 10,060,175
339,653,000
312,930,125
361,043,900
350,707,100
35,624,850 Dec. 3,740,575
26,722,875
10,336,800
36,045,300 Dec. 3,738,350
27,141.425
11,275,000
-The Clearing House now issues a statement weekly show ng the actual
Note.
condition of the banks on Saturday morning as well as the above averages. These
figures, together with the returns of separate banks, also the summary issued by the
State Banking Department, giving the condition of State banks and trust companies not reporting to the Clearing House, appear on the second page preceding.
Foreign Exchange.-The market has been quiet throughout
the week,ruffled only by certain speculative operations. The
tone at the close is strong, demand being wanted at 4 863.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84 for sixty day and 4 87 for sight. To-day's actual
rates for sterling exchange were 4 8350@4 8360 for sixty
days, 4 8620@4 8630 for cheques and 4 8660@4 8665 for
cables. Commercial on banks 4 8234@4 83 and documents
for payment 4 83@4 833. Cotton for payment 4 82%©
4 8234 and grain for payment 4 83©4 833.
To-day's (Friday's) actual rates for Paris bankers' francs
/
were 5 21%@5 213 less 1-16 for long and 5 20@,5 193s
less 3-32 for short. Germany bankers' marks were 94 9-16
@,94% for long and 95 1-16 less 1-32()95 1-16 for short.
Amsterdam bankers' guilders were 403 less 1-32 @ 03-i
,4
for short.
The posted rates for sterling exchange as quoted by a representative house were 4 84 for 60 days and 4 873/i for
sight until Friday, when sight was lowered to 4 87.
Exchange at Paris on London, 25f. 293c.; week's range,
25f. 303c. high and 25f. 283 c. low.
4
Exchange at Berlin on London, 20m. 473pf.; week's
range, 20m. 48pf. high and 20m. 47pf. low.
The range of foreign exchange for the week follows:
per $1,000 premium. Savannah buying, 3-16c. per $1,000
discount; selling, par. Charleston, buying, par; selling,
1-10c. per $1,000 premium. St. Paul, 90c. per $1,000
premium. St. Louis, 20c. per $1,000 premium. Montreal,
313c. per $1,000 premium.
State and Railroad Bonds.
-Sales of State bonds at the
Board $30,000 New York Canal 4s at 1045 to 1043 .
8
/
4
The market for railway and industrial bonds has been
more active than last week and the business widely distributed. In most cases fluctuations have been narrow and
net changes closely divided between higher and lower.
Some of the Erie issues have been conspicuous for activity
and strength, the cony. 4s, Series A, closing with a net gain
of 23 points, and the series B, 134. Distilling Securities
Corporation 5s have been very active, on a demand which
carried them up 2 points. Subsequently, however, they
lost half the advance mentioned. Other notably strong issues
have been Atchison cony.4s,Atlantic Coast Line,L. & N. colt.
4s, St. Louis Southwestern con. 4s and C. B. & Q. joint 45.
-Sales of Government bonds at the
United States Bonds.
Board include $20,000 3s reg. at 103 to 1033 and $3,000 38
/
coup. at 1025 8. The following are the daily closing quotations;for yearly range see third pagefollowing.
Interest
Periods
Feb.
4
Feb.
6
Feb.
7
Feb.
9
Feb.
5
Feb.
10
28, 1930
registered Q-Jan *1003- *10034 *10034 *10034 *10034 *10034
5
coupon Q-Jan *100% •10034 *100% *10034 *loom *10034
2s, 1930
registered Q-Feb *10231 *10231 103
38, 1908-18
10334 •10234 *10234
coupon Q-Feb *10231 10231 *10231 *102 *10234 *1025%
3s, 1908-18
45, 1925
registered Q-Feb *11534 *11594 *11531 *115 *116 *116
4s, 1925
coupon Q-Feb *1153-1 *11534 *11531 *11531 *116 *116
2s, 1936.Panama Canal relgs Q-Feb *10036 *1003-i *10031 *10031 *1003-1 *10034
* This is the price bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.
-On a volume of
business averaging somewhat more than 500,000 shares per
day, and therefore smaller than we last reported, the stock
market has been unusually steady. Fluctuations from day
to day have been narrow and in many cases net changes are
less than a point. To-day's market has been the dullest of
the week, decidedly professional in character; and prices
have generally drifted to a lower level.
Among the exceptional features St. Paul has been conspicuous for irregular movement and a decline of over 3 points,
while Canadian Pacific advanced nearly 3 points to the
highest price in its history.
Other strong features have been Northern Pacific, Missouri
Pacific, St. Louis Southwestern preferred, Reading, Chesapeake & Ohio and Erie, which are from 1 to 23' points higher
than last week. On the other hand Lehigh Valley, New
York Central, Pennsylvania, Southern Pacific, Baltimore
& Ohio,U.S. Steel pref.and American Tel. & Tel.'are lower.
For daily volume of business see page 388.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
STOCKS.
Week ending Feb. 10.
Sales
for
Week.
Range for Week.
Lowest.
Highest.
200 84 Feb
American Teieg & Cable
70 3231 Feb
Batopilas Mining
390 115 Feb
Buffalo Roch & Pittsb
3,930 24c. Feb
Comstock Tunnel
400 90 Feb
Cuban-Amer Sugar, pref
150 8334 Feb
E I du Pont Powd, pref_
250 10594 Feb
General Chemical, pref.,,
21 763-1 Feb
Green Bay & West deb A
100 3834 Feb
Keok & Des Moines, pref
200 23-1 Feb
Quicksilver Mining
114 b4 • Feb
St Jos & Cr Isld, 1st pref
StL&SF-C&EIll
50 59 Feb
new stock trust certifs
7 8431 Feb
6 $234 Feb
I
4x 120 Feb
6 26e. Feb
8 9031 Feb
9 833-1 Feb
4105% Feb
7 77 Feb
6 3834 Feb
10 23-1 Feb
10 54 Feb
9 60
Range since Jan. 1.
Lowest.
9 82%
6 $2
8 108
4 22e.
71 8834
9 82
10 103%
$ 76%
6 3834
10 234
101 50
Feb 9 59
Highest.
Jan 8531
Jan $234
Jan x126
Jan 26c.
Jan 9034
Jan 8331
Jan 100
Feb 78 f
Feb 39
Jan 2%
Jan 55
Jan
Jan
Feb
Feb
Feb
Feb
Jan
Jan
Feb
Jan
Feb
Feb 60
Feb
-Trading in outside securities this week
Outside Market.
opened active and strong, but after this narrowed down,
prices at the same time showing an easier tendency. Towards the close the tone was steady. American Tobacco
was conspicuous for a rise of over 10 points to 450, and was
traded in to-day, ex-dividend, down from 440 to 439. Intercontinental Rubber dropped from 323/i to 3134, ran up to
335/8 and ends the week at 33. Standard Oil, after an early
4
loss of some 5 points to 625, moved up to 6343 and sold
to-day at 631. United Cigar Mfrs. coin, gained about 5
points to 73, reacted to 69 and finished to-day at 693'. Del.
Lack. & West. Coal stock, which had not appeared on the
"curb" in some time, sold this week up from 325 to 330 and
back to 300. This is reported to be a gain of about 80 points
over previous transactions. Pennsylvania "rights" went up
from 2 7-16 to 23 and down to 29. Bonds were quiet.
Atlantic Gulf & W. I. SS. Lines 5s improved from 72% to
723%. Southern Bell Telep. 58 eased off from 97 to 96%,
advanced to 973. and ended the week at 07. The proposed
6% convertible bonds of the Texas Co. appeared and were
dealt in,"w." up from 101% to 102. Western Pacific
%
Sixty Days.
Cables.
Cheques,
Sterling, Actual58 sold at 924@)93. In copper shares British Columbia
4 833j
4 863j
4 8645
High for the week
4 8335
4 863-1
4 8610
rose from 63% to 63' and weakened to 65/8. Butte Coalition
Low for the week
Paris Bankers' Francs
lost about half a point to 18%. Chino sold up from 22 to
5 2131 less 1-16 5 19% less 3-32 5108 less 1-32
%
High for the week
5 20
5 213' less 1-32 5 20 less 3-64
22%, and down to 21%, recovering finally to 223-i. Giroux
Low for the week
Germany Bankers' Marks
was an active feature, advancing from 73. to 8 1-16 and
9534
94%
95 1-16
High for the week
951-16 less 1-32 dropping to 63. It recovered finally to 6%. Greene Cana94 7-16
95 less 1-32
Low for the week
Amsterdam Bankers' Guilders
half a
40 5-16 less 1-16 nea declined from 63% to 6 5-16. Inspiration lost
403-i less 1-16
403-(
High for the week
403
40-1-16
point to 8 and recovered to 83. Miami improved from 20
Low for the week
403j less 1-16
/
The following are the rates for domestic exchange at the to 20% and closed to-day at 2038. Ray Consolidated sold
undermentioned cities at the close of the week: Chicago, 15c. up from 173' to 183 and down to 1734.
Outside quotations will be found on page 388.
per $1,000 premium. Boston, par. San Francisco, 90c.
New York Stock Exchange-Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO PAGES.
STOCKS-HIOHE.ST AND LOWEST SALE PRICES.
Saturday
Feb. 4
Monday
Feb. 6
Tuesday
Feb. 7
Wednesday
Feb. 8
Thursday
Feb. 9.
Friday
Feb. 10.
Sales of
the
Week
Shares.
STOCKS
NEW YORK STOCK
EXCHANGE
Range since January 1.
On basis of 100-share tots.
Lowest..
Highest.
Rangefor Previous
Year 1910.
Lowest.
Highest.
1067 1075 1063 1075 59,550 A tch Tgi'
8
8
105 8 10612 10614 10658 10578 10078 10653 108
8
5
4
lla 7!Aanta Fe 10013 Jan 3 108 Feb 8
L034 J'ly 124Is Jan
12
10212 1027 *10212 1023
8
103 103 *10212 10314 102 103 *10214 103
900 rx Do pref
4
10034 Jan 3 10318 Jan 27 x97 J'1Y 10414 Jan
3
*120 4 1213 12112 12312 123 124 *123 124 *12212 12312 12212 12212 1,825 Atlantic Coast Line RR_ _ 117 Jan 3 • 124 Feb 7 10212 J'1Y
4
106 10614 4,000 Oaltlinore & Ohio
8
10534 10612 106 106
1057 10614 1057 106
10512 106
8
10434 Jan 3 10912 Jan 31 1(.014 Sel
19 Ja n
'
) 137118 j n
8978 *88
98
90 *88
*88
50 1
00
, Do pref
*88
90
*88
00
590
89, Feb 3 91 Jan 4
,
94 Jan
8714 SeP
7818 7812 7814 79
7814 79
25,350 Brooklyn Rapid Transit_
7478 Jan 3 7912 Feb 6
7914 783 7912 7812 79
78
4
002 Feb
823s May
2095 211
8
21014 21114 17,850 / lanadian Pacific
19558 Jan 3 21114 Feb 10 173 Feb 200 8 J a n
8
20814 209
20812 2087 208 20834 20912 210
3
72 Nov
7214 *62
7214 *62
7214
lanatia Southern
*62
*02
65 Jan 10 65 Jan 10
72
7214 *02
7214 *62
6012 J'ly
275 275
100 Central of New Jersey
27014 Jan 9 275 Feb 10
*270 280 *270 280 *270 280 *270 280 *270 280
J'ly 3125 .'nn
5
863 79,420 Chesapeake & Ohio
4
8018 Jan 3 8634 Feb 8
8478 8618 8512 80 8 86 . 8634 8512 8612 86
8438 85
Aug
65
*25
34
*25
28
528
34
34
*25
Ch1cago & Alton ft it
30 Jan 9 30 Jan 9
34
34
*25
*28
9.2 4Jan
u6 Jan3
2378 J'IY
6612 5212 5212 *52
___ *5212 60
60
Do pref
200
52.2 Jan 30 53 Jan 19
*52
53 *52
64, J'ne
8
01) A r
3(378
*2314 2414 233 233
2434 2314 24 *528
8 2,101) ...3111c (..it Wes, trust ctf3
2118 Jan 3 2438 Feb 6
7
23 8 23 8 2378 2438 *24
7
10 J'Iv
Jan
4734 4734 *473 49
47
46
Do pret trust ctfs
4
*4814 49
45 Jan
2,125
48
4834 4812 4914
4914 Feb 6
641g Jan
40 J'ly
h
3
8
13112 13212 13218 13234 1315 13312 x129 129 8 12812 129 s 12818 1293 40,450 C.cago 111w'lw & St Paut..: 123 Jan 3 133 Feb 7 11334 J'ne 1583s Jan
8
7
151 152 *15112 15214 2,100 1)0 pref
147 Jan 3 1551. Feb 2 141 Sep
415412 15412 155 15512 155 15512 *151 153
8 3,937 Chicago & North Western 14212 Jan 16 150 Feb 1 13714 J'IY 18212 Jan
4
8
1493 14958 14734 1493 14712 14834 14812 14914 *14712 14812 14858 1485
Do pref
5203 Jan 4 5209 Jan 7 103 Joe 223 Jan
*203 210 *203 210 *203 210 *201 210 *203 210 4203 210
Chic St P Minn & Omaha 13712 Jan 11 13712 Jan 11 140 Apr 10212 Feb
*133 145 *133 145 *135 145 *135 140 *135 145 *135 140
Do pref
*150 160 *150 160 *150 160 *150 160 *150 160 *150 160
160 Apr
314 *3
312 2,200 Chic Un Trac ctfs stmpd
Ds Dec
3
28 3 8
388 Feb 4
7
4
314 314
3
38 38
3
23 Jan 20
314 314 *3
*63
4 712 *7
67 Feb 4
8
Do pref ctfs strand
678 678
*63
4 8
3
714 714 *6 4 8
734
600
05303 iFe b
1213 Jan
72 4 j.
714 Feb 6
478 Seri :75:4 jaali
e
6412
6412 *62
*62
65
Cleve Cin Chic & St L
65
*02
6312 *62
6312 *62
*62
63 Jan 26 66 Jan 18
61 Nov 1804;14 Jmch
92 M ah
ac
*9712 100
*9712 100
Do pret
*9712 100
49738 Jan 11 98 Feb 1
12
*97 100 *97 100 *9712 100
99 Seri
5919 5914 5914 *59
59
5678 Jan 3 60 Jan 18
*5812 59
60
..olorado & Southern
600
593 593 *5812 5912
8
46 J'IY
8
7614 7612 577
*7612 77
*7612 77 * 63 77
77
75 Jan 11 7i Jan 24
330 Do 1st preferred
o J'ly
7 4
7 4 763
63
4
*74
77
*74
77
*74
*74
Do 2d preferred
7312 Jan 11 7312 Jan 11
77
77
*74
*74
77
77
8 J onrlb
1.52J .laat
70 Aug IL,281 JJ zin
*170 172
17112 17112 17014 17012 17012 17012 171 171_ :7 14 17114
70
0 _ .
etaware & fl udson
16414 Jan 3 172 Feb 3 14914 J'ly
.
600
*510 525 *510 525 *510 525 *510 525
510 510 *510 520
e•aware Lack & ‘1, est _ 510 Feb 9 54212 Jan 11 490 J'1Y
200
3334 343
3418 34
3478 34
3312 3312 3314 335
34
8 34
2,.04 J'ly
8 3,360 Denver ec Rio Grande
8
- 2814 Jan 3 347 Feb 6
7273 7314 73
Do prat
7312 • 7212 7234 7214 7214 572
7212 2,051
68 Jan 5 73i2 Fen 6
b.1 Jan
12 7212 *72
6258 J'1Y
*7134
74
6734 Jan 7 74 Feb 7
100 Detroit United
_ *70 ---- 74
Jjaattit
8 Dec
ja6:41.3
45 J •11
, 1:
.14 1312 13
.
15
-4
1318
1318 1318 *1278 1318 1234 1234 i41 . -115; ;12 -11 Jan 6 1,:18 Feb 4
550 Du!uth So Shore ec Atian
10
Do pref
*2414 25
*2414 25
*2414 25
22 Jan 6 2478 Jan 28
*2412 25 *2414 25
17 J'ist
25
*24
3118 3034 313
8
8 3034 3214 317 32
2912 3014 30
3014 30
2714 Jan 11
13 81,330 l.
Feb 10
1912 J1Y
l
i'
4958 5118 5058 5114 19,950 L leDo 1st pret
4814 4958 4914 50
4834 4878 49
49
4558 Jan 12 511:1 Feo 10
5234 Mcii
42
35 J'IY
Do 2d pref
3812 3834 39
3778 38
35 Jan 9 3934 Fel) 9
39
3814 3812 38
393
4 3914 393
4 4,100
Mcii
2614 aIY
4
x123 Jan 12 13112 Feb 1 118 .
12914 13018 12912 13014 12918 13058 12914 13014 12914 1293 12914 1293 15,160 Great Northern pre
4
4437, Jan
6212 03
8,350 Iron Ore properties
12 6212 63
6234 6334 03
56 Jan 5 6334 Feb 2
0334 6214 8314 6212 63
b1.613 J a n
1 10 m rh
45 J'IY
14
14
14
14
*1312 1514 133 133
16 Green Bay & W, deb ctill 1334 Jan 4 1514 Jan 17
15
14
15
x14
4
4
Aug
*94__ - ay/1 ml El ectric
)
9512 *8012 9512
9512
*-_-- 9512
5311, Ja..
1.71_ Apr
97 *94 - 97
*---- 97 *---- 97 *---- 97 *---- 97 *_
9334 Jan 12 95 Jan 10
92 May
Hock In ? V at7e y
Pr L
134 *123 134 *123 134 *123 134 *123 134
*123 134 *123
112 J•ne 140 Oct
a
:,17:aaaa i
t,402.5
39
,
136 136
136 13612 1363 1363
13512 136
4
13512 138
*135 136
132 Jan 3 13712 Jan 30 124 Jly
4 2,300 I !Allots Central
3
8 197 197
1934 1934 1934 1978 1912 195
1838 Jan 23 2038 Feb 10
8 197 20 8 4,300 interboro-Metropolltan
8
8
3
8 19 4 197
14 14 J'ly
Do pref
8
8 535 5414 5312 5414 5414 55 8 11,040
533 537
55
4
5414'
6412 55
503 Jan 23 5538 Jan 4
3
4112 J 'IY
Jn
1912 1812 *19
1912 1913 1914
1934 1934 *1914 20
500 Iowa Central
18 Jan 3 1978 Feb 3
*1914 20
15 J'ne
. *3
Do prel
3314 2314 3314 3312 3312 3312 3312 3312 3314 3338 *74
3
1,000
3178 Jan 9 335 Jan 17
771
33,
8
15 XIS'
7712 *74
*74
7712
*74
78
*74
CtS&Mtr cfs, prel
7712
68 Aug
554044 j n
Feb
a
8
8 345 3478 3334 34
-5:4 143- 343 343
8
4
3418 337 345
34
32 Jan 3 35 Feb 1
4
4 2,800 it-ansas City Southern
J'ly
Jan14
6712 6718 6718 67 67
6718 6718 6718 *67
*66
Do pref
*6618 6718
6412 Jan 3 6718 Feb 6
300
53 Aug
*16
20
20
*15
*16
20
f ake Erie 6: 1Ve-tern
*15
20 *15
20
*16
20
1614 Feb 1 1614 lets 1
15 J'nt,
*37, 45
45
*38
45
45
*37
1.9 1)o prat
45 *39
*37
*37
45
39 Jan 23 40 Jan 13
3714 Deq '15 .i ati
623 jjaa n
'75 4
178 8 18018 17812 1795 178 179
5
4
1793 18034 17934 181
17814 17914 58,220 Lehigh Valley
8
1743 Jan 3 18118 Fet• 3 17314 Dec 18514 Nov
4
10
*62
06
65 *61
8014 6014 0112 6112 *61
66
*61
05
60:4 Feb 4 63 Jail 16
369 Long Island
1,1 J'IY
8
4
1453 14014 146 14834 1467 14814 14712 14814 147 147
147 14712 12,100 Louisville & Nashville
14212 Jan 25 14834 Jan 18 1111: HY 15034 Jan
139 13934 *13912 140 *139 140 *138 140 *138 140
*138 140
500
1373 Jan 31 141 Jan 6 1'3 J'ne 14A34 J an
4
Oct
2912 2912 28 4 2912 2914 293
2812 2834 29
28
3
4 30
v t l-0171Z 2514 Jan 7 3014 Feb 10
te 1(
3014 1,950
J,;IY
*40
64
*40
54
*40
54
64
*40
*40
44413 54
Do pref
54
385 isin
4(1 Feb
40
13812 13812 13814 13812 *13814 13812 138 13814 139 13914 13812 13812 1,875 Minn St P & S S Marie
13218 Jan 4 140 Jan 17
J'ly
J'IY
*148 150 *148 150 *149 150 *148 150 *148 150 *148 150
Do pre/
1473 Jan 6 14934 Jan 18 144 J'ne 15512 Mch
4
*8934 9018 *8934 9014 *893 9018 *8934 9018 *8934 0018 *89 4 9014
Do leased line Ws
4
8934 Jan 18 90 Jan 17 x6614 Secs
3
9234 Jan
Mo Kansas ec Texas
3518 3512 3512 3558 3518 3018 3534 3638 36
3
36 8 357 3638 23,400
8
3112 Jan 3 3633 Feb 8
11118 Jan
27 J'iY
*6512 6738 *6612 6734 *6018 6738 67
67
8714 67
67
67
6312 Jan 16 6714 Feb 0
400 Do pref
745 Jan
8
57 J'ly
5414 5534 5434 5618 5418 58
8
45 4 Jan 11 5714 Feu 10
3
543 55 8 545 5614 5014 5714 55,250 Missouri Pacific
4
7
41 J'ly
135 May
8
ash Chatt 60 St Louis_ 14014 Jan 19 143 Feb 2 125 J'1Y 140 Nov
*142 145
125
142 142 *143 140 *142 147 *142 147 *14212 147
at Rys of Mex 1st pret
*7214 7212 72
7212 x703 70 4
7212 7214 7214 *72
70 Jan 5 723
300
4
3
72 *72
8Jan 26
ou Feb
7238 Nov
Do 2d pref
3718 3718 *37
37
37
3714 2,000
3412 Jan 3 3758 Jan 30
37
37
37
367 37
37
8
L312 J'iy 13718 4mN o y
ao
u6288872 N cahv
11438 115
8
11314 11414 11318 1135 113 1135 11353 114
21,450 N Y Central & Hudson
11318 115
10914 Jan 16 11512 Feb 3 10513 J'ly
8
6312 *61
*62
63
6312 *61
6212 6212 *01
63
6212 Feb 6 65 Jan 19
63
*61
200 N Y Chic & St Louis
5512 May
Do 1st pre
*10112 107 *10112 107 *10112 107 *10112 107 *10112 107 *10112 108
3
5101 J'ly 1094 Jan
Do 2d pref
90
*87
90
*87
*87
90
90 *87
*87
90
*87
91
90 Jan 27 90 Jan 27
823 Apr
4
*150 15014 150 150
8
14973 1497 14978 14978
8
400 N YNH& Hartford
8
1497 1497 *14914 150
14312Jan 23 151 Jan 3 148 Apr 552 51Ch
*14612 14712 147 147
147 147 *147 148 *147 148
850 Subscription receipts y
14712 14712
146 Jan 17 14712 Jan 4 ,
u68
2143 J ne 71151 ;
1514s c;
c
4318 4418 4318 4358 43
4338 44
4314 4212 43
4234 4312 7,440 N Y Ontario de Westetn_
4078Jan 11 4418 Feb 6
38. Aux
50 Jan
10634 107
4
4
1063 10718 10612 10714 1063 10714 10658 10713 1063 10738 11,150 Norfolk & Western
4
10014 Jan 3 10812 Jan 18
831 J'ly
1)0 aditistment pref
f89
89
6
90 Jan 5 9012 Jan 18
- Feb
-.15i8 7118
-4112 1112 413 413
900 Northern Ohio Trac & Lt 3912 Jan 3 42 Feb 9
4
4
35 Feb
4018 Dec
12618 12712 12814 1275 12512 12712 12618 1273 12638 12714 12812 1267 33,825 N orthern Pacific
116 Jan 3 1283
8
4
8
4 Feb 1 11112 Aug 14,s Jan
*100 105 *100 107 *100 105 *100 105 *100 107 *100 105
Dacific Coast Co
103 Jan 11 102 Jan 10 100 Oct 11834 Jan
*90 110 *90 110
• Do 1st pref
*90 110
*00 110
*90 110
*90 110
Do 2d prel
*100 108 *100 105 *100 105 *100 103 *100 105 *100 105
101 Jan 11 102 Jan 11 105 Feb 118 Jan
8
12814 12858 12814 12878 128 1283 1277 128
12758 128
8
12734 12838 18,093 Pennsylvania
12534 Jan 12 13018 Feb 2 12212
J'11 13812 Mill
'
09
9812 9812 98
0818 9818 98
9834 9812 9834 *98
9738 Jan 26 100 Jan 17
98
950 Pit,Vb CBI Chic & St L
89 J'ly 1.0458Mch
*100 112 *100 112 *100 112 *100 112 4100 112 *100 112
Do pref
no Oct 116 Mch
4
15918 10014 16014 16112 15958 1613 1593 16112 15918 16114 16018 16112 657,740
4
15018 Jan 3 16134 Feb 7 1305s J•ly 17214 Feb
t " pre
cals
91 *---- 01
*89
*90
91
91
*00
01
*90
*89
9034
89 Jan 7 91 Feb 3 x85 Aug
V312 Feb
2d pref
98
98
9834 983
09
99
1,300
4 98 4 '094
3
94 Jan 5 99 Feb 6
87 J•1Y 11(113 Jan
32
3234 3314 33
8
''7 9912 9 12 99' 21,500 Rock Island Company
5
8 32 8 3318 32 8 3314 *-5z3 3278 *32
335
7
295 Jan 7 3378 Feb 1
8
33'8
227 J'ly
8
5714 Jan
64
64
6414 6414 6312 6312 633 6414 6312 0312 6314 6312
000 Do pref
4
60 Jan 3 6512 Feb 1
54 J'ly
L212 Apr
69
*65
67
68
*66
*06
6714 8714 68
68
475 Qt L & San F- 1st prer
*67
,
6914
62 Jan 10 68 Feb 6
58 Aug
73 Jan
43
42 8 4334 4314 4314 4258 4234 43
4334 4312 44
5
3812 Jan 3 44 Feb 6
4312 4,810 10 Do 2d pref
60 Jan
3412 Aug
4
33
34
3234 3234 33
3312 323 23
*3314 3378 33
24 Jan 13 34 Feb 4
'1452 Jan
333
4 0,350 St Louis Southwestern
181, J'ly
68
6838 6734 0718 6712 6712 6712 *67
67 '6734 0714 6778 4,100 Do pref
5934 Jan 3 63 Jan 31
7713 Jan
511i XIV
120 12118 120 8 121
3
1197 120 4 11914 1207 11914 1197 1193 12014 31,250 Southern Pacific Co
3
8
4
8
8
x11414 Jan 3 12114 Feb 2 10114 J'ly 21381,1 Jan
2818 2814 2814 2858 2813 29 2812 29 2814 2878 2812 2873 40,100 Southern v tr as stinpd. 2618 Jan 11 29 Feb 7
J'1Y ' Jan
1 .'
Do pref
6,300
3 6558 60
do
3
3 65 4 66 4 6512 6614 6434 657
6114 Jan 11 6634 Feb 7
4 06
3
663
3
55 4 653
75 Jan
43 J'ly
2834 2878 283 29
4
2834 2834 28
29
283 2958 7,520 Texas 5: Pacific
2812 28
4
2512 Jan 3 2958 Feb 10
3634 Jan
1212 J'ly
1034 1034 11
11
*10
11
*1012 10 2 *10
11
800 third Avenue (N Y)- 10 Jan 3 12 Jan 5
1012 1012
3
1912 Jan
5.. J'ne
toledo Railways & Light
400
818
*73
818
4 812
8
8
8 Jan 3
812 *73
*8
4 8 4 *734 812
3
512 J'ly
812 Jan 17
1534 Jan
2412 245
3
22 4 24
8 2314 2438 24
2414 2414 2414 3,200 l'oledo St L & Western_
22 Jan 25 2434 Feb 8
243
4 24
19 J'ly
3Jan
543
5218 5234 5314 5312 5314 5333 5312 537
Do pref
50 Jan 12 5378 Jan 5
8 5338 5312 5338 5338 2,400
7214 Jan
4234 J'ly
8
110 8 1105 110 11034 11012 11012 110 110 *10912 11012 *10912 11014
5
600 twin City Rapid Transit 108 Jan 11 111 Feb 2 101 J'ly 11712 Jan
Do pret
145 Jan 145 Feb
F723. 18014 180 18118 1793 1807 17913 18033 17878 180
Pacific
.4
8
17518 180 8 238,925
- 3
16934 Jan 3 18118 Feb 6 15214 J'ly 20434 Jan
9334 9418 935 935 594
94
8
94
8
94
2,040
9378 94
*9358 04
9212 Jan 11 9418 Feb 6
8814 J'ly 10334 Jan
47
4712 4718 48
47
48
*40
48
4612 4712 47
3,000 Unit Rya Inv't of San Fr 3158 Jan 3 48 Feb 7
47
4214 Jan
'2334 J'ne
73
7434 747 7512 *7312 7412 7412 743
4
713 7134 7212 73
8
603 Jan 3 7512 Feb 8
4 1,900 Do pref
4
47 J'ne
727
,3Jan
8 1634 17
1634 1634 1078 17
1634 1634 107
163 107
1612
u
4
6,200
a bas0h
8
1512 Jan 6 17 Feb 7
1253 J'ly ' 4 Jan
43
8
8 3612 3714 367 3738 3653 3714 3714 37
367 3714 3634 373
8
pret
12 8,924
327 Jan 11 3712 Feb 10
8
61 Jan
2818 J'ly
8 5014 5014 5038 5114 4,300 Wezt Maryland By
8
5118 5118 5038 5114 5012 5012 507 507
50 Jan 3 5134 Feb 1
40 J'ly
5433Mch
7634 *75
7612 *70
70
70
7014 76
*74
400
Do prat
763 *7512 763
4
4
75 Jan 14 77 Jan 6
67 Aug
77 Dec
*5
6
*5
558 *5
568
0
Wheeling & Lake Erie._
512 512 45
8
8 57
57
414 Jan 27
lt) Jan
614 Feb 3
3 Apr
*13
16
*15
16
*1412 1612
*1512 1712 16
1612 1518 18
Do 1st pref
1212 Jan 11 1758 Feb 3
23 Jan
8 J'ne
8
*7
8
*7
712 8
714 7
*7
12 812
14 *7
8
Do 2d pret
5 Jan 5
8 Feb 7
4 J'ne
1312 Jan
6334 *60
63
6312 *61
0212 6258 *60
03
633 *60
4
Wisconsin Central
0312
57 Jan 3 6314 Feb 1
44 J'ly
64 Nov
I)
6t
H
ntlizatmEiz
N
I
Uni°1%
Nv
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS.
As!.
Bui
Banks
Ask
Bid
Banks
Banks
Bid
Ask
Banks
Ask
Bid
Banks
Ask
Bid
Banks
Eta
New York
Chatham _. 350 360 Filth
300 350 Irving N Ex 200 210 Mutual IL_ 285
295 Prod Each li 165
Aetna
180 Chelsea Exli 190
175
200 First
160 Nassau II_ 265)
853 800 .Jefliersonl„ 150
___ Reserve ___ _....
America 11.. t005__ Chemical __ 420
____ 14th St.__ 150
New Neth'd 210
Liberty-- 000 623
155
220
Seaboard.._ •415
Amer Exch. t235
---- Citizens' CU 155 158 Fourth
400 423 New York03 925
t195 1197 Lincoln__
____ Second ...- 385
Audubon
100 115 City
400 Gallatin
307
t350
___ Manhattanl 325 330 New York_ 3071 315 Sherman-- 135
Battery Pk.. 13212 --- Coal & Iron 150 160 Garfield
Mark't&Fu 250 260 N'ht &Day$ 250___ State 1 ---- 275
350 310
Iloweryl_ 300 410 Colonia, II-- 40)
____ Germ-Am 11 140
Mach &Met's
250 19th Ward_ 250
145
26J 12th Ward_
____ Columbia ii. 375 400 Germ'n Exli 985_._ Mercantile _ 245
Bronxiloro 300
153 Paciflc11-___ 230 240 23d Ward_- 140
155
Broax Nat, 198
205 Commerce.t205 t210 Germania II_ 559 575
Merch Each 160
170 Park
t36312 t370 4 Unlon Exc. 170
3
Bryant Pk ll 155
160 Corn Ea 11- 309 31217 Gotham _
150 155
Merchants'. 178
182 People's 11
245
____ Wash H'ta 'ft 275
East River_ 115
Butch & Dr 138
195
125 Greenwich II 235 295
Metropolis gg 390 410 Phenix
West Side li 650
170
175
Fidelity II-- 105
Century 11_ __ 160
Hanover.... 625 635
175
Metropol'DI 200 205 Plazall
___ YorkviUe 1.. 600
625
Chase
......_ Fifth Avell. 4000 4250 Imp & Trad 553 585
475
Mt Morrisli_ 250 260
*Bid and a-Iced pnces: no sales were made on tais day. 4 Ea-rlkats. 4 Less than 10) 3hares.
tate ban . a 125a-dLvldend and r gins. S New a
tSala at Stock Exchange or at auction this week. h First installment paid
n Sou at prIvata sale at this price. s 2d paid. y 3d paid.
Ask
1721;
1121;
......
400
140
177
--
New York Stock Record-Concluded-Page 2
380
STOCKS-HIGHEST AND LOWEST SALE PRICES.
Saturday
Feb. 4.
Monday
Feb. 6.
Tuesday
Feb. 7.
Wednesday
Feb. 8.
Thursday
Feb. 9.
Friday
Feb. 10.
Sales 01
the
Week
Shares.
STOCKS
NEW YORK STOCK
EXCHANGE
[VoL. Lxxxxxi.
Range Since January I.
On basis of 100-share ion.
Range for Previous
Year (1910).
Lowest.
Highest.
Highest.
Lowest.
...ustr..1, mist:dia.:eon_
...:
10 A dams Express
235 Jan 20 3240 Feb 2 4235 Dec i-i0 Jan
*230 240 *230 240 *230 240 4240 240. *230 240 *230 240
75 Jan 27
500 (1. ills-Chaimers
818 *814 812 *814 813 *814 812
8
812 812
813 812
85 Jan 30
15 Jan
71, J'iy
8
3312 1,100
3212 3212 *32
Do pret
275 Jan 6 34 ken 3
3258 33
33
3318 3313 32
33
33
_7 Aug (534 Jan
61 Jan 3 6713 Feb 6
.
8 65tis 6814 73.950 Amalgamated Copper
8512 6638 66 8 6713 65 8 66 8 6513 6614 6
551 J'ly
3
103, Jan
3
5
_4:!3 657
4
61 4 51, *5114 5134 2.300 Amer Agricultural Chem. 46 Jan 3 52 Jan 31
,
5112 517
35 J'ly
8 5114 5112 5114 5112 5113 52
402 Oct
500
Do pref
103 103 *100
_
____
10134 Jan 27 103 Feb 7
- 103 103
9314 Apr 103 Jan
_ *102
*100
453
45 ---- 64.120 American Beet Sugar
4
3934 Jan 12 4714 Feb 6
457
44 463
:A J'ly
- 4618 -- 14 447 4614 45 -- 8 4413 46
4
,
471. Jan
4i
3
110 ore?
0712 *94
210
08
9712 *94
,i) J'ly
9213 Jan 9 9712 Feb 4
98
*95
9713 *94
12 *94
97
.,5I. J'no
95
05
*95
96
300 Amer Brake Shoe & Fdy. 00 Jan 6 95 Fen 9
*94
. 212 Oct
95
9433 9433 *0414 9434 95
95
*94
9112 Nov
13512 13513 *135 137
200
Do peel
12618 Jan 1. 135 Jan 3 i 119 J'ly 13112 Nov
.
*13312 13612 *13312 13612 *134 13612 135 135
958 95
012 9 8
8
912 93 . 912 912
7
4,560 American Can
93
4 97
97 10
4
8
8
8 8 Jan 6 1013 Jan 25
,
13., 1 no
.
„. Jan
3
9,750
Do peel
77 Jan 5 823 Feb 0
6? J'ly
8112 82
8
5
8112 80 8 8134 8118 82 8 8114 82
8112 82
81
14 Nov
557 56
5653 571, 563 57
8
563 5712 5813 57
4
563 57
4
7.715 American Car as Foundry
3
5012 Jan 3 5/12 Feb 8
3912 J'ly
7278 Jan
Do prat
8
7
120
8
115 Jan 3 11818 Feb 2 Wu .2113 120 Mch
*116 11812 *117 11878 *117 11878 118 118 41187 118 8 *116 1187
American Cotton 011
3.700
,
593 60 4 60
80
4
55 4 Jan 11 61,2 Feb 2
3
8213 J'IY
6034 61
11 601
3 81.1
693 Mch
.
3
60 3 60 4
3
Do pret
105 Jan 5 105 Jan 6 .00 Dec 107 Oct
---- ---- 310418 10418 ----------------------160
*104 107
245 260
60 ,American Express
245 260
4224 Jan 11 5255 Jan 27 3230 Dec 4320 Jan
*245 260 4255- 255 *245 260 4250 250
American Hide & Leather
500
81,1Jan
414 414
3 4 Jan 25
3
.31? Sep
414 Jan 31
*4
412
414 414 *4
412
414 414 *418 412
Do pret
2512 2512 2512 *2414 2534 1,025
20 Jan 10 25.
25
4773 van
19 Sep
Feb 8
52312 2312 2418 2414 *2312 25
3
*20 4 2114 2.400 American Ice Securities
3
1734 Jan 17 221.1 Feb 6
2114 2112 2114 2214 2112 2134 2114 2114 20 4 21
163 Dec
3
-014 Mcla
1212
1218 *12
300 American Linseed
*11
12
1038 Jan 13 1218 Feb 6
1013 J'iy
1/34 Jan
1218 *1113 1212 12
*1113 1212 12
Do pret
600
33
33
3212 *3014 31
3014 Jan 16 33 Feb 10
2512 J'ne
I.:078 Jan
3312 3113 3112 32
*31
3312 *31
2.620 American Locomotive
42
43
3814 Jan 3 4234 Feb 1
29 J'ly
i.,212 Jan
8
4214 413 42
4112 415
42
12 4112 4213 42
8 42
110 110 *10934 11014
Do pret
375
103 Jan 3 11012 Jan 13 10212 AtIg 116 Jan
110 110 *110 111 *110 111 *110 111
300 American Malt Corp___ _
4
4
5
*4
*414 412 *414 5
3 4 Jan 4
4
3
412 Jan 18
4
314 Dee
8 Feb
*33
4 412
Do pref
1.000
35
35
*3312 35
36
35 Feb 10 3612 Jan
36
38
3612 3612 38
36
36
•.a, J'ne
:
98 Mch
8
100 Amer Smelters Sec pret Ii 8653 Jan 3 89 Feb 25
*883 8912 *893 8912
8
89
8912 *8812 8912 89
*8812 8912 *89
2
1-2 J'IY
9073 Jan
4
803 44,700 Amer Smelt ng& Rennin, 7234 Jan 3 8118 Feb 2
791 80 8 8012 8113 7912 81
. 7
61.4t. 3
8
797 805
8
8 705 8012 80
.1Y 104 Jan
Do pret
900
10534 105 4
3
10318 Jan 3 103 Feb 1
8
8
1057 10578 1057 1057 1052s 10513 4106 106 *105 108
8
1,814 J'Lv 112P2 Jan
American Snuff
282 Feb 2 282 Feb 2 245 Nov .83 Apr
*260 300 *260 300 *280 300 *280 300 *280 300 *280 300
Do pret
10018 Jan 30 101 Jan 5
*100 102 *100 102 *100 102 *100 102 *100 102 *100 102
-3,2 ,
ni•i
1, 2 Deo
5,050 Amer Steel Found (new)._
4
433 Jan 3 5212 Feb 9
50 4 5212 5112 52
3
3
4
4673 4734 4814 487
38 J'iY
3 487 50
8 483 487
68 Jan
4
11914 11914 1,000 American Sugar Rennin , 113 Jan 6 12012 Feb 2 tilla Oct 12712 Feb
119 119
11918 11912 11913 11918 1183 11912 *11714 120
Do pref
540
111 Jan 5 110 Feb 7 11112 Dec 129 Feb
119 119 *115 120 *115 120 *116 120
118 11834 *11512 120
14513 14534 1453 145 8 10,900 American Teleph & Telea 14014 Jan 3 14,133 Feb 3 12634 J'ly 14333 Feb
5
4
3
3
19618 14612 145 14612 1453 1457 145 3 1453
53
8
4
8
722 American Tot= (new).pt 9312 Jan 4 9578 Jan 20
8
9512 9512 957 957 49512 9512 *9513 96
95
95
95 95
90 J'ly
9,334 Mch
900 American 1% oolen
3312 3312 3312 3312 33
3314 333
2513 J'iy
3012 Jan 3 3378 Feb 2
12
4 333 333
2912 Mob
4
4 3312 3312 33
Do ore(
900
96
9112 Jan 3 96 Feb 8
1,013 Dec 104 lach
05
3
9513 9512 95 3 96 *0412 9512 90
9478 9478 95
9.990 Amer Writing Paper. prf. 30 Jan 27 3412 Feb 7
*30
31
3234 3012 31
32
3213 323 3313 33
3412 31
8
,
4014 2,920 tanacundacupper Par$23 3814 Jan 25 41 Feb 6 .63i.. 3'IY ...).1 -Ian
4018 4012 40 8 41
5
403 4012 4014 40 3 3058 4018 40
3
5
3234 3333 3,100 laethieliem Steel
2() Jan 12 3378 Feb 1
21 Joe
3312 3214 3212 3214 3234 3213 33
8 33
247 Oct
33
333
8
62
*61
6213
850 l' Do pref
bd Jan
gg Aug
59 Jan 3 6313 Feb 1
6314 6214 6212 6214 6214 62
*61
6512 63
*141 142 *14114 142
500 Brooklyn Union Gas_
135 Jan 3 14212 Jan 9 125 J'IY 1,111. Jan
14012 14012 *14012 142 *139 142 *139 142
Brunswick Term Fe ity Se.
11
*10
*10
11
*10
11
b J'ne
11
9 Jan 6 105 Jan 23
*10
*94 11
1818 Jan
*953 11
31
100 ilutterick Co
*30
31
31
*3012 31
*30
20 Jan 5 3012 Feb 8
31
3012 3012 *30
*30
33 Jan
28 J'Ile
3214 813 3214 3.125 1 ,cutral Leather
32
2814 Jan 11 3378 Feb 2
4
315 3214 3218 3212 3134 32 8 3113 32
8
3
4834 Jan
2314 J'Iy
Do pref
200 k.
105 105
10414 10414 10418 10413 *104 105 *104 105 *104 106
100 Jan 11 105 Feb 10
9914 xlsr 1051.1 Mch
3553 3618 3514 363
8 36
38
36
8512 36
36
3512 36
3,800 Colorado Fuel & Iron
31 Jan 3 3638 Feb 6
/,0 Jan
2212 J'IY
11212 Jan
*____
400 Col & Hock Coal & Iron_
4 *_ _
4 *____
*3
4
3 Sep
3 Feb 9
3
414 414
4
414 Feb 8
8
144 1443 14358 14414 14218 14334 143 144
14234 14314 1433 1437 10,350 Consolidated Gas (N Y).. 1353 Jan -3 14978 Feb 2 12212 .Ply 1G0 Jan
8
3 ---4
1412 1434 1473 15
1312 Jan 10 15 Jan 5
2314 Jan
Ili- J ut
4 1,450 Corn Products Relining_
143 143
4
4 143 143
4
4
8 143 143
4 147 147
3
Do peel
8633Jan
700
7914 7914 79
7412 Jan 10 80 Jan 23
79
7938 7938 *79
793; J'ly
7912 79
79
79
70
330 Crex Carpet
*62
70
*62
*63
60 Jan 20 70 Feb 8
70
70
89
*62
70 *63
65 Nov
89
55 Apr
70
Distillers Securities Corp 3238 Jan 11 3712 Feb 2
3638 3713 365 3712 363 37
8 6.593
2114 J'IY
8
8
363 Jan
4
68
4
3 3 367 43814 3614 3813 367
30
425 Federal Mining & Suielt
30 30
24
12 Oct
24
278.1 2734 *27
42512 2812 26
.2 1734 Jan 28 30 Feb 10
60 Mch
26
Do pref
4812 Jan 11 62 Feb 10
62
88 Jan
2,285
5734 58
*56
37 Oct
58
5814 5914 5918 5918 5914 593
4 60
*153 15412 1547 15512 1,700 deneral Electric
J'ly 16078 Jan
8
1497 Jan 12 15512 Feb 10 164
8
15418 15478
*15413 155
4
1543 15514 154 154
513 Jan 14
634 5,800 dGoldfleld Cott M_Par $10
63
5
5
8
68
65
RI
778 Jan 3
64
3
$73 Oct
3
4
8
53 6 4
4
$914 Sep
3 63
65
3
63
4 67
11414 155.58 11514 117
11712 11034 14,450 Int Harvester stir tr ctts 109 Jan 3 119 4 Feb 10 (83, Feb 12013 Jan
1
116 11614 115 11512 11418 115
3
124 124 312212 1223
Do peel , tr ctfs
124
.
-tk
8
4 1,925
*12334 124
124 12414 124 124 *1237
12214 Jan 3 12414 Feb 6 3117 Aug 129 Jan
13 512
5
53
Int Mer Markle stk tt ctts
51. *45
5
412 Jan 18
'/1. Jan
*5
512 *5 8 5 4 *5
8 534 *5
3
578 Jan 3
3
414 J'IY
4
Do pret
4
1734 1,000
1734 173 173 *17
*17
1513 Jan 17 18 Jan 24
8 1738 173; *17
12:,,, J'Iy
,
17
12 1712 177
142 Jan
4
4
1314 1314 13
12 Jan 10 1338 Jan 31
1312 *123 1314 * 123 1314 1.100 International Paper
13
*13
1314 13
16 Jan
t) .Ply
Do prat
5414 2,900
911- J'ly
5413 5413 5414 5414 53
53 Feb 10 5638Jan 17
1,112 Jan
55
55112 5512 557
4
8 543 55
143 Jan
13,890 internal Steam Puinp
4138 4133 4112 4214 9134 4314 43
3934 Jan 26 44 Feb 8
3
43
4314 433 44
44
3648 J'ly
Do pref
84' Jan 20 8873 Feb 10
8
7
1,1134 Jan
781" J'1y
8518 8514 8514 85 8 85
3
86 4 8712 8758 8758 875 88 8 4,485
3
87
106 Jan 3 11412Jan 20
4
3
933 J'IY 1161. Jan
4
11114 11112 11112 1113 1113 11112 11114 11112 11112 1113 1113 11112 3,000 Laclede Lifts (St L) coal
4
3
94
500 Mackay Companies
9434 *93
92 Jan 31 95 Feb 2
9414 *93
71) J'11
, 98 Oct
*9312 9412 9414 943
8 9414 9414 94
Do pret
7612
555
7434 Jan 18 7634 Jan 13
7612 *76
7618 7618 7612 7612 7614 7614 478
,1 J'IY
75
76
7834 Oct
' 11714 Jan 16 12514 Feb 2 100 Aug 11912 Deo
8
12212 12314 1227 12334 1,425 NI ationai Biscuit
12312 12312 123 123
12412 12412 1247 125
3
Do pre(
300 LI
124 Jan 20 130 Feb 4 11834 J'IsT 1... Jan
8
,
129 4 130 *12414 12953 *126 12958 *126 12958 *„.. 12958 *125 1295
3
200 Nat Enamerg de Statnp'g1812Jan
815574 JanJoraan 162 : Jams 16
1814 *1712 1812 *1712 1813
0 85
15 FeJamsb 8
JO elyt
1 .‘ Sep
48
._,
601101,82 jjaatni
1734 1734 1734 1734 *1714
*17
18
. Do prat
96
92 *94
*84
92
*84
*84
*84
*84
90
94
5718 3,200 National Lead
4 57
5812 5712 573
4 58
5814 583
5812 59
8 9
585 5
Do pref
150
108 Jan 5 10812 Jan 16 1, 4 J'IY 1101. Jan
13
*107 109
10814 10814 *107 10812 *107 109 *107 109 *10712 109
193
8 1914 1914 12,100 tINev Cons Copper..Par $5 1814 Jan 3 20 Feb 6 $- 1" --'IY $228- Oct
17 J
19
1938 1913 20
4 1913 1938 19
19 4 193
3
8
500 New York Air 13rake
75
78
*72
7013 Jan 3 7213 Jan 27
*70
78
59 - J'ne
73
___ *73
73
78
76
951.Jan
North Atnerican Co. new
64 Jan 10 72S Jan 30
6018 Nov 84 Jan
7112 1,100
7158 72
72
72
-71, /112 7113 717 *71
7112 *71
2
8
25 Jan 25 2912 Jan 4
2812
900 1..)acIlic Mall
*2713 2834 *2712 283 *28
'..2. J'ly
2734 2814 2834 2913 *2712 29
4314 Jan
44 Jan 3 5458 Jan 31
• 5313 5312
3
8
3 523 5313 2,800 k acitic Telep & Teleg.._
4
;A) J'ly
.
53 8 533
5
4 5312 5312 525 5312 52 4 527
4614 Jon
1073 1073 10714 10738 107 10714 1067 107
1008 1083 107 10714 1,650 People's U L & C (Chic)- 10512 Jan 3 109 Jan 19 103 J'iy nos J a n
8
8
8
4
820 Philaitclphis Cu (.1tt,sh'il) 10012 Jan 3 10058 Jan 28
:4 J'iy 16(11.4Jai1
10614 10814 *106 10612 1053 1053 10512 10512 105 195 *10512 10614
4
4
7,350 Pittsourgh Coal Co
2114 2114 22
1714 Jan 3 22 Feu 10
21
3
8
2018 1913 1914 197 20 4 2012 2134
*18
13 J'ly
1.734 Jan
1)0 pref
72
7214 7212 1.520
6734 Jan 4 7212 Feb 1
3
72 8 72
7012 7212 72
70
6014 J'ly
72
85 Jan
70
*88
2,985 Pressed Steel Car
3012 Janp,8 3614 Feb 6
3512 3534 35 4 36
3
3512 3614 3514 3558 3512 36
35
35
5173 Jan
25 J'iy
Do pref
450
9878 9878
99
*98
9214 Jan 3 9878 Feb 10
98
498
99
9818 9814 9812 9812 *98
90 J'ly 10/12Jan
8
11914 11934 11914 1193 11914 11973 3.730 Pub Service Corp, Of N J 11613 Jan 31 120 Feb 7
11812 11938 11938 11978 11912 120
660 Pullman company
159 Jan 3 163 Jan 30 tii6 J'ne .00 Jan
161 161
161 161
*160 161 5160 161
161 161 *160 161
aliway Steel Spring_
31 Jan 11 38 Feb 3
3714 2,600 la
37
37
3738 37
37
3738 3712 3713 37
3738 37
6178 Jan
28 J'ly
400 A V 00 peel
99
9812 99
92 Jan 3 9911 Feb 3 3.014 Sep 1147 Jan
09
' 9913 9912 *9812 100
*9812 100 *9812 100
5,200 Republic Iron & Steei
3114 Jan 4 3514 Feb 6
3412 3434 347g 3514 3413 343
.7 Joe
4518 Jan
35
35
4 3412 35
345 35
8
Do pref.
1,187
9812 9812 99
93 Jan 4 993 Feb 1
99
9814 9812 9813 9814 *9812 100
99
399
823 J'1y 14414 Jan
4
3
430 k.Zears, Roebuck &
_ 185 Jan 3 192 Feb 6 150 J'ne 100 Nov
1111 191
119118 19118 19118 192 *188 195 *188 19134 *188 192
'loss Sheffield Steel .!6Ir 50 Jan 26 5614 Feb 6
3.000 1,
Co_63
55
56
ra02 J a n
4„14 Dec
5614 5413 55
*53
.
55
553 5614 5514 5512
4
Do prel
*____ 11212 *_, 11212 *__ 11212 *__ 11212 *..... 112.2 *____ 11212
11.; J'ly 11834 Feb
7
aclinesseeeopper Par$23 332 Jan 11 $33 Feb 6 $1934 Jig 54033 Jan
4
3812 18,155 ,
3734 3858 3712 38
4
363 3814 378 38 4 373 38
38
4
3
1,100 Texas Co (The)
13612 134 13534 134 135 *13334 136 *134 136 *13414 136
131 Jan 24 13612 Feb 1 134 Oct 144 Oct
13612
Texas Pacific Land Trust 91 Jan 19 92 Jan 24
9312 *88
9312 *88
*88
0312 *88
9312 *88
94
*90
r2 Feb
9212
95 11115
812
1,800 I I Mon Bag & Paper__
8 Jan 25
813 9
812 *8
812
9
9
812 *8
*8
9 Feb 9
1314 Jan
6 J'ly
600
" Do pret
5634 Feb 3 5912 Jan 30
587 5818 *563 80
8
4
60
4
*563 60
*563 60
4
*56
60
*56
5218 Dec
73 Jan
10812 10612 10638 10612 10614 10614 *105 10612 10614 10814 10613 10612
10012 Jan 27 10812 Feb 4
600 United DrY Goods Cos
'Jo Aug 122 Jon
Do peel
310
10213 Jan 5 10514 Feb 4
10514 10514 105 105 *105 106 *105 106 *105 108 *105 10512
9914 Aug 113 Jan
575 U S Cast 1 Pipe & Fotindr 15 Jan 10 18 Feb 6
17
1712 *15
113
18
*17
18
18
*17
17
17
*15
.:.." Jan
1413 J'ly
Do pref
310
5512 5512
55
50 Jan 16 5512 Feb 10
55
57
*54
*55
57
55618 5813 55
55
14 Jan
4 i J'ne
95 Jan 7 5105 Jan 27 593i3 Dec 143 Jan
165 United States Express
*98 104
*100 103 102 5103 *100 105 *100 105 4100 100
Realty & Improvem't 6518 Jan 25 6934 Feb 1.
*68
69
68
68
0414 .1an
643 .Ply
4
6914 4,300 U S
68
68
677 695
603
8
4 69
8 69
4178 42
4112 4012 4178 4.950 United States Rubber- 36 Jan 6 423
41
413.1 4073 4114 4038 4078 41
4Jan 31
17 J'ly
0212 Jan
Do 1st pre(
101)182 Jj n 3 1 18717 J/ en 1,
772 2 Jana n 13 1521 tF,e bb 46.i
131
8
:t
900
tl
c
112 112 *11118 11112 11112 11134 11184 1113 1117 1115 1113 1117
4
1.022cta ii
96599118 J'lyJ y 11t 11,1 .;a,l
3
8
4
8
Do 2t1 peel
75
75
75
75
*7414 7534 7412 7412 *73
75
75
75
4 8118 8218 8053 8158 805 8112 8014 813
8018 813
8
8
4 8114 817 548,200 United States Steel
11814 Jan 3 12078 Feb 4 1101- Jay 1253 Jan
Do pre(
11914 11934 119 11933 119 11914 11914 11912 8,000
8
12014 1207 311913 120
48
4612 463 4612 46
3
4813 45 4 46
3
3
3
4514 45
5/3 455 4638 8,350 ttUtah Copper.. _Par 310 4434 Jan 30 4738 Jan 9 5$393 J'ne 513014 Jan
6233 Jan 3 67,2 Feb 2
6512 66
8578 8638 6518 657
4
8 643 6514 65
8 6513 655
65 8 12,350 Virgin,a-Carolna Chem
3
47 Feb
66118 Oct
12373 Jan 3 126 Feb 8 117 J'Iy 121,14 Jan
12518 12518 128 126 *125 126
Do pret
300
126 126
*125 126 *125 128
., 62
64
800 V vinla Iron Coal & Coke 52 Jan 6 65 Feb 10
64
65
50 Sep
73 Jan
5150 Jan 18 163 Feb 7 ,441, Dec 1195 ,a n
8
5
8
1,530 ‘, oils Fargo & Co
-- 12
*Hi- 15 -- 1 - 1" 1167- 16012 iiii- 18212 1E12 *161 164 4162 162
73 Jan 3 7612 Jan 19
7414 75
4 7413 75
4
7412 7434 *7414 75
2,600 , estern Union Teleg_
4 743 743
4
743 743
5,3 J'ly
781. Met
'
6512 Jan 12 7012 Feb 10
4912
6912 7012 1,620 Westingh'sebli &Mfg assen
*69
*69
70
89
70
70
69
69 69
70
821.,!an
drain
110 *113 110 *1173. 1191, *1173. 1101. *1173. 1101, *1173,1101..
116 Jan 14 123 Jan 5 110 J'1Y 130 - Fab
Do lst oral
Slav
_
BANKS AND TRUST COMPANIES-BANKERS' QUOTATIONS.
Lila
Banks
Brooklyn
Broadway 11 385
Brooklyn _
Ikiney 1sr(11'
First
290
Ask
400
100
155
310
125
111.3
Homesteadl
Manufac'rs 415
Mechanical. 230
245
Montauk 5251"
Nassau
Banks
Brooklyn
Nat City_ _
North Shia 'I
People's ___
Prosp'ctPiti.
But
Ask
285
15)
158
140
300
180
165
150
!rust Co's
N Y City
320
Astor
Bankers' Tr 620
330
640
1 rust Co'
Ask
1114
N Y(Ay
11'way Tr
148
- 145
Central Vr_ 1015 1025
Col umbla _
292
285
Co tumercial 110
120
Empiro
300 315
1'30 ulrble 'Fr 443 460
Farm Lo &I 1550 1600
Fidelity --- 21312 21712
Fulton
290
I rust k.:o's
Livarty Tr_
Guardian Tr
Hudson ___
K nickerb-kr
Law T I&Tr
Llncoln Tr
Manhattan
Mercantile
\letropol't'mi
Mutual __Mut AlInce
But
790
150
165
29212
250
130
375
700
Ask
805
160
175
300
260
i25
450
111
130
125
'rust Co's
Ask
NY Life &Tr 1100 1125
N Y Trust. 600 625
Savoy
05
105
Standard jr 400 410
ritleG u & Tr 495
505
Tr Co of Am 325 330
Union Tr_ 1225
US Mtgh fl 470
Unit States 1145 1185
Washington 36 / 375
Westchester 151
160
Windsor _. 100
108
!rust Co's
Ii, ookLyn
Brooklyn Ft
Citizens' _
Flatbusli
Franklin_
Hamilton _
Home
Kings Co
L 1st L & Tr
Nassau
People's
queen. Co_
W lilla ms b'e
But
420
125
200
2711
100
505
300
157
295
110
132
220
210
'280
110
520
110
165
310
125
100
*Bid and asked prtoes: no sales on ttus day. Less than 100 shares. Ex-r ghts. o New stock c Ex- IV and rlirti".s. d Now qt otea dollars peg share.
,
s
stock .11videal. ¶U3nk3 .narkel with a pararraph (11) are State banks.
ISale at stock Exchange oral auction this week
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
Jan. 1 1901), the Exchange method of quoting bonds was changed, and prices are now aV.,--"ani interost"—exclpt lor incoinx and delaulted bonds.
BONDS
N.Y. STOCK EXCUANGE
WEEK Ekitakto Fan 10
11.2
44,
Price
firiday
lob 10
Week's
IgZS,r1 Range
stnce
Range or o Q
Jantearei 1
Last sate
BONDS
N. Y. STOCK EXCHANdlE
WICIM KNDINO Fan 10
o
Z.f.
t
Price
?lama
Feb 10
Week's
i,„
111 Range
.Range or
titnce '
Last bate 44.Jawlarv 1
Bia
at
.11tgh 1 No Low Bigh Cent ot tia it ti„—(uon)
I. n. t..over
AsIcILow
_High No:Low -High
Ask Low
Bit&
36pret income g Ds stamped.
U S 25 consul registered.d1030 q•J 1004 101 1 luo% Oct 10
4
11
85
884, 8534 OCL '1(
Chatt Div pur mon g 48.1931 J.1) 57
U 32e COlifiot conpon....a1930 1 7 1003 1014J 101 F01.011
4
I 101
9034501)'(11)
,
4
90
Mac As Nor Div 1st g '68.1940 J -J 10334
ic11,15 11-F 1023 t03' 103
4
U 5 3s regiatereit
4
10314 20 103 1031
4
105..,oan'll
1106 1054
11st Oa do AU Div Ds.— iO4 I J -J 104 1
U 3s coupon
ic11,18 kt-F 102.4 103', 102% 10234 3 1023 102,,
8
4
115 A ov -03
Mobile Div 1st g as
,
1940 4-4 108-,
1011 J'ly 10
4
U S 88 con smalt now's— glUlt Q-If
10834 Feb 11
108', 1083
4
lieli It it ii, 1101 Lis eoi g Ds 11137 tIl•N 102 4, 1034 102 Jan 11
registered
110 1161 1151 Dec'10
1921
F
U 548
2
4
102 102
Cent ot A J genet gold 18.1087 10%
1925 Q-F 110 11o% ilb4Nov't0
U S 45 coupon
1231
4
123
3234
I 1224:234
Registered
n11187
S Pan Can 10.30 yr 2s.k11i3t, Q.N
1224
1008 Ang'10
,3
1234 12.34
43 122 .8 1234
Am Dock & Imp gu 18..1021 •.1 108
108 Jan'11
105 1081
4
Foreign Government
be to liutl It gen guglis 11120 .1.4 101
Argentine—Internal 6s of 1000 51- I 984 99
Len to Wilks it Coal 38..1912 M-N 1)1019101 100', Dec 10
7 974 99
084
984
Govertiur
iN Y& Long Br gen g 4s 11141 11-9
Imperial. Japanese
901
4
99% DWI°
9514 36 944 933 Cent Yawl() bee so Paettlo Co
t 954 Salo
1025
Sterling loan 44s
944
,
1 25 J J I 1134 Salt, 94%
,
20 series 448
9O' 42 94% 954 CentVermont 1st gag 4s e1020
894 91
80
81)
1 874 89
804 90
1931 J -J
Claus & bav bee Atl Coast Line
Sterling loan 48
5034
7 894 90
813's
: 1040.,
a1911 A0100 Nov'10
4
Repub ot Cuba Is extru dela_ Xi- 5 4103' ...tale 103
l03' Di 109's 1031 Cites do onto gold tis
4
Gen funding do impt 53.1029 4 j
San Pautotlirazill trust6111919 J • J t 87 4 sate
1044 104%, 17 1024 105
374
Iii', 3 97
97-1
4 117
i0;31, m.3, 11.34 Salt. 113
1St cousin g .iii
97
914 97
U 5 et Mexico 8 Ig 3s oi 1599
5 97
11915 2 113 1134
97.4
1934 J
044 94% 944
Registered
1039 M-N
Gold 4s 01 1904
1124 1121aJaa'10
944 21 9.34 944
,
191,z, As s 10114 dale 10i34 1014 36 101410118
992 ui..s
Gentirai goid 443
IT hese are yr ices on the b
ol $3 to If.
State anil City Securities
itegietered
,,J'ne'lt,
101,
......
8
N Y City-44s
1900 M.El 1013 tialt, 101
Convertinle 4las
1930 F-A
1013 532 100% 101%
96 4 Sale
5
9134
903 EL.; 94
,- .
9634
414s rects hit fro Jan 24 1000 AL-13 1014 at.lti 101.3 101 153100 Ita,4 101 7E,
DIA satiny La as
1041 44) 974 883 59 Feli'l 1
4
8
b9
89
00
1,113
4% Corporate
ddate
Coal Illy ity 1st an 48 1043 4-1) 804 87 4 853 Nov'lu
,
1060 .111.1 4
A
906 343 118
4
8
kW%
001i5
Coruorate stock
994 5ale
994 21 1)5's 09 4
104 4 bep '10
1955 M-N
' Craig Valley idt g 3.....1940 4.4 10234
Potts Creek Br 1st 48_1040 .I.4
New 4 4,s
4
54
1057 ot•N 1071 sale 10 . 4 107% 16 lut34 104
II do A Any 1st eell g 4s...1.1380 J•J
New 4 4,..t
Dee'lu
L.17 .11-N 1024
Uti
9.c 3 P0' 191 0 . 11: 1
).
.4
913
12 : 7::
3 1
`
3,. :
:
1
2t1 consw g 441
ii 9112Jau'll
,
64 10154 107',
44% Corporate stock _11137 oil-N 1.0, 34 :Nile 1074 107
91 , 9 14
4
109 f.
Warm spr Val let g 38_11341 fii::5 lUOU4.`:
44% aesesstm
M-N 10214 Suit 1024 102
102 103
"
Greenbrxer Ey 1st gag 4.s '40 M-N
95 Oct'
4% COI porate .stock,
1.01 /
,1
4
DJ
00'11 1012 00
11157 M-N
85
933 1,9%
4
N Y state—Canal Impt48.11101 J.4 1041 8
13
"
73 Salt. 73
1 4
4 72', 733
10134 104.4 30 1044.
% eille tie AIL 1.1.11 rem g da...11.011) A-0
4
Railway 1st lieu 34
2.s...11 10 4.4
do Carotins 44s ,30-4,,
,
7114 6 704 714
7134 714 714
1933 I -4
lea i., J'ly'10
itegIstered75 Oct'00
00 Jan 11
1)0
Uti
Tenn new settlement 38 1013 J -J
tiltio ban& yi—Litilit'L4ii .1. 1120 j-A
bt3 Noy'l
-4
11)52 F.j 997
8
Virginia tuna aeUt
99'4
1 904 9U 4
vokt
Illinois Div 348
51 Jan'11
48
62
50
40
11,40 4 -4
Os deterred Brown Bros Otis.
Registered-----------11(49 4.4
Ills Div 4s
Railroad
111413 4.4
9848ale 1,78Z 100
81, 9.itie
8b0 .SeP8'31° 6: 97 4 108
b0
: 8
:
0
Iowa Ally suns mad 5s..1018 a.0 194:, uve 10 3 li al::) 1.41 ueli 90*
A tauaula Cent bee :30 lLy
0, ,:t
:1
0b
1,4 4 meo :/
14,,,
0
00% 9034 09k4 Jan '11 __ ta)-4
sulking Lund 4s
Maim Milli bee At CoastLine
9934
A euraska Extension 4s.11)1;M5
Albany ...vo base Ace Outdo litiu
9'i1U21
Registered
Allegheny Valley bee rein, 1111
11121 M-N *984
Soutuwestern Div 48.-192/ 31-S
West, bee Bun it &
Alleg
1
99 Dee'10
99
82
834 81%
82
AM/ .4•J
Joint bonds Bee Great North
Ann Arbor 1st g 48
5 78% 82
99¼ Sale 99
,
&ton T
g 45.11)1 3
Debenture Os
09's 79 984 99%
11313 M-N 10134Sa1c 1014 1014
1 1014 101%
Ubbia
Registered
1993 A-0
General 4s
083
5
98% 5 98
97 4 bale 974
19.38 M-5
115%
973 63 13734 98
4
Atllustnieut g 48
902 92
alllilb Nov
12
,
tlau do 61.4 os eousol 65-1.1,11 ow1-5 1004 dale 1004 1004 7 1r 4 le3 4
11 914 924
112
2
003
02 Jan'10 •
Reguitereu
k1901, ov
Cluedis ta, lit ret do imp A 48 1856 J-4
52'4 82% 82% Jan 11
Stamped
92
92.
419113 11-N
93.4 90
lat. consul g Os
91% 924
1934 A-0 127 129 127 Jan '11
12'7 127
Conv 45 issue ot 11300_1935 J-D 100 4 108. 10814 1094 82 105 10914
4
Generat cousin 1111,18
11,35 31-N 1104 bale 1101
2 lit,4
11034 111
4 luu% 174 1054 109%
Conv A 4.
1905 .1-1) 1(19 sale 1051
itegisterett
114, blay'uli
11131 M-14
...... , ..,..
Cony 4s (issue of 11)10).1900 J -D 102%
1014 1
Ulile us Intl U lty 1s1 Ds.11 3 4 -J 10U -5
.4 253 102 104
110 Oct 10
,0
110 sale 110
10-year cony g os
lull
1103
4
1084 1103 01008440 As Erie bee Erie
4
Debentures 4s Series J 1912 F -A
087 J au'10
4
Clue tit Western lat 4s...1959 1.1.3
854 119 1843 1851
4
1344 Sala 843
274 274
Ut34
5eries It
rou'10
1913 F-A
cute
cu lutuav C. va...1u4I J • io ra 129 1274 k.e0'11
do Lu
91 Jau'll
11-1
Nast Okla Div let g 48 11128 M•
iteluntung gold 6s
901 97
4
1947 J -J 1074111 114 •Dee'.
0
1,34 Sale
Short Lute 1st 455
1953 J -J
934 .
Lower A A ai un let 68.11,10 J -J 1004 saie 1004 1004 2 1004 1004
34
934
1 93
110 111 10019 Deti'D,
6 Iuu Pres doFli 1st g 5s I042
Ohio Ind ,19 Sou 50-yr 45_11166 J-J
924 9314 92 Deu'lu
See L
N
All Knox &
cum au us 'di, 1-- term g 0 1014 J.
4
j 102 1, 102.4 1024 192% 4'ul
4
1 lu a
04
944 94
Atlantic Coast 1st g 4a./t11.52 11-8
a
9414 33 934 04%
series a.e1080 4.4
UPssate 9J
.4btierLg8
bIs
Ala Mid 1st gu gold fie —Ms 1,1-N 11,9 1094 109 811 '09
Registered
.1
51901.4-4 *Va..
904 Jan'11
043
Nov'10
4
BruHsIhW lat gu g
94%
—1033 4-4
jiem.Gnralg3soie)81
Charles & Say let g 7s 11130 J -J 134-4
25-yr dentn 48
114% sate 944
Utilea LsaDivgOB..11121 1-4 100%IU7 407 Ja:"1
olUb4 11-N
coll g 4s
95 355 923 964
4
924
5":93
10e4107
124.4
Clue do 310iy Div 1e 1120 J -J 1084
1244 Dec'10
Bay if & W let gold tia..1934
I-...-87%67 ab1.
1082)1
lu34J..9i492 ! :
! 15"89's
4
ChicdP W 1stgbe
181 gold Os
1934 A-0 111
1921 J -J 106%10741304 tu)4
111 J 111111 . 111 111
I 106 41074
11741174
10
954
• .....
DakditSogii
8115p liCa do U gug 4s 111.1b J • J
n
1916J -J 10841044lleOotr.
95 J'I.V
!.janii
A
...
Eardhouaeongtis
1924 .-. 1
' Atlantic A. Dully bee South tty
LaCrosse&.0 letOs1919 J -J 1034
05,Dce0
ut As A W bee butt Vacua.
.
924 03
t &(Milo prior lg 348.11)25 J -J
93
2 924 93
93
J -J 106%
101 Jan'11 ...... aWisdMumAYgo.102 t%107
Registered
Mil& No 1st cons us
4
911 Oct '09
1035Aug'lu
,/1921 1
..,1U111 .-I) 103.
t-J
.......
./.
ash, 9$i4
Gold 4s
/i1945 A-0
Extended 44.4
98% 40 .
1913 .-1) 1104
99
98
11.1
Registered
vale
411)43 11-J
*
0(34
98
984 Clued. Aorta, uous78....1v1.5 4-F 11019113134112 Leb :11 :::: lt., '4 119 ;
4 1
09,i
9
1)04
Pitts J two 1st gold 08 -1022 J •J 111%113% 1124 Dee 10
haLtliailull 45
854 t354
b'eb'll
PJun & la Div ling 3461925 M-N
,
Registered
87'4 88,
905 92
LIe
FLE&W Va 5ys ref 481941 MN
blelleral gold 341 1.1"8696 10227 I N
1)111, 6 F'- AA
: 91r M
6
::
91%
,
914 924
581j 4 dale :''t Fel)8'11'16
997 s
:
77'
00% 91
Southw Div lstg319s...192u J -J
90% 13 854 131
Registered
931 Apr'ou ..Iii 967714 8"811
1)034
uu L4 saw
98b8
1), ,i 1196 . 7... •- -4
, „„„I 0'
- ,
Iteguitered
904
gui.,Apelu
General 45
/i11323 4-4
198, 24.-N
9
Oen Ohio it 1st g44
tanku.8 Lund tie .1879-1020 A-UP 1114
2ii..11,30 51-S 100'4
103 Marl°
i 10,
04.01N eoz:u1 1T_I 12 112
102 .7al' 1
0
1
W con let g be 1933 A.0 110
01 Lor
imd
Iteg,uste
11U De.'I0
1.879-1920 A-0 1104
Motion ttiv 1st gu g Os..11119 F-A 1013
1057 FeU'iri
8
8
&liking Lund os...1871)-19139 A-0 1034
112 Dee'03
Ohio River lilt 1st g 68 11,30 J•D WV%
Registered
1570-11,29 A-0
1021
General gold Is
Debenture us
1037 A-0 103
107 Jan '11
A-U
107 107
.J1 .,p: :11
1 n:
J
0
6 6 a' i ..........: I
1064 1° 6 1 01:111.:
t
:: 10
16
64
113 114 1i34
Pitts Cloy to Tot 1st g Us 1922 A-0
ltegisuored
105. 100 ig b ulP iul
4
11,21 A-U
'X 1134113%
U73
5
Pitts & West 1st g 4s 1917 J • J
balking Lund min os
934 Sep -00
11133 M-N 10
10; 4 1.01i.),
1111 11115 110 .1(1)9
3
4
......
bU
Statist tty 1st gu g 44131943 J -D
Registered
oti-A
100 Nov'04
1933
..
Beech Creek bee A 1
MU 1. boo West 1st g Us 1921 M-5
Belley As Car bee [Moots Cent
Ext do imp stand g 63 11121, F -A
.1100z 4 8e0!
,10493, ,: : :
:1)1 e,..,u:1 !
0
1
101141094
Bklyn JO Montauk bee Long 1
Astnaial Div 1st g 04-1021 M•S
Bruns do West bee ALL Coast L
Alien Div 1st g 68
1024 J -J
.115 Jan 11.„* 118 115
„
Bullet° A 1: .3.1, Erie bee Erie
Incomes
11011
1004
Banal° It As 1 gen g
116%Ply'10
Ciao !tuck 181,14 Yee tis. .1017 J -J 1094
51-S 113
..
. .... 110 110
1
Conaol 41as
,1071 10841300'1U
4
1967 MN lue 4
Registered
4.4 1094,110,, 100 Aug'10
116-I
All Jo West Dag 44 gu 101,8 A-0
General gold 48
11111'8157 •J
9.
1
97% 9734
ta `4, b 91
06
106"8
Malt let gu g 68
1943 -J
()I&
Registered
,.... ''
1088 J -J
1,0 pe0
:7 l i 954, fe9'::: .
8
Koch (18 Pitta 1st g
F-A 11.3%
1 115 Pim 101_ .
Retunding g 48
11,34
84%; 70 804 b07
4
. 14 Sate 50 4
91
6
Cowie' 1st g Us
1922 J •0 116 117 1104 t'eu'Ill „. 11619110-,
Coll truaL SerienJ 4s. 1012
07 1/1 J'Iy'10.„ .
33
71
Bull & Susq 1st ret g 48.611151 J -J
72 1111
. e10 .
.ill ..8
1016 M-N
Bur t; It JO .11 bee It &
A 4s
96% 04 Dee'uo.
So 1st ex t Os
1013 J-J 11334 103% 1034 1034 11 103 103%
(
045
1016:14-N *04
11)17 ‘....P2i1 Is
1.313 11-5 101 10134101 Jan'11. „ 100115 1014
P as
Registered
1014 1003 Jau'll __ 100410034
1013 M-5 *
4
Chia it 1 & Pao RR 4s-21142 M-14
95
'3
10 8 NI N
.
f4%
74 4 Sale ' 7414 Ali"").:1° '29ti 724 7434
94'2
Carl)& Shawn lice Ill Cent
Registered
2002 31 N
7434 Feli'll ...„ 744 744
Carolina Cent. bee Seab Air L
III Ark&Louis 1st448 1034 M-5
94,
93 I 934
93-i 21 934 934
Carthago do Ad lies A 1 e&,11
tau i.J Alto a— let g ins.lej.1 A-0 112
1124 Jau'll __ 112 1124
bee tiU Rai A
Ced 11 La If
Registered
1934 A-0
2
,120 1 Jlai'03
(Jon Branca lty bee Mu Pao
CRI.b'de A W Ist gu 58.11)21 A-0 1064
103-J4 Oct'10
Cent ca tie RR 1st g os..p1945 F-A 1121
4
1124E013'11 _ 1121 1124
M & St List gu g 75_1927 4 -1,
4
Consol gold Cia
1945 Mal 108 dale ltai
108%
(jLtoo ok do tt gen g bis .ol'4119 4.4 1.024
9 107 4 109
'104 Miti-'11.1
Registered
1945 1141
108 113 Apeutt
Consul gold As
11152 M-N .. ... 1094 10114 1094 6 1094 1004
pret income g 6s....p11145 Oct 1004 101 D)04 104 25 10041024
Keck do De8 .11 lst66.-1023 A-0 91)4 101 IDA)
,
100
1 WU 100
Stamped
100 101 '102 Deo'10'
Atm 6I. 4..3o A u bee /11 Vela
94
2u pret income g bs....p1945,0o1
1,7
95',
Jule St L. dl Pitts beet
110
116 053 100
4
-win t.34)
1
21- pi. el income p 6s stamped:
94
97
8834Ney'10
hue st I' at Oa 0 cou tis., 11)30 4-1) 124%1254 1243
'
4 123 1 13, 124 12514
85
884 91 Jan '11 „...1 91
30 pret income g ba....p1943'001
Ull
Cons da reduced to 348 1930 4.1.3 85
' 93 Dee'03 — ..1...
111n
EOUS HON DS—Continued on Next Fag°.
Street Railway
Street Railway
-Brooklyn Rap Tr gOs
1945
4
10334 10314 1033
liet St Hy gen col tr g 58 1997 F-A
103 104
75
78% 75 Jan'11
. 75
784
lst refund cony g 4s
2002
844 328 824 54'4
84 Sale 84
Ref g 43
2000 A-0 464 Sale 404
46', ...I 46
464
13kl:ity 1st. con :53.1910 1941
102 10234 IO2 Jan'll
liway<hAv Istog 5s 1943 J -0 102 102% 102% Jan '11
102 103
102 102%
Q Co a8 con gum 15 11141
98 DWI().
UoldolltItAv 1st gu g 66.1993 31.5 tACO
100 Jan'11 „... 100 101
13klyn On El 1st g 4.58 11160
101 4 102 101 3
8 102
9 10 1 102
Lax Ay& P Flat gaga:lilt-43 A-5
.
90 4 100
994 100
10 9434100
Stamped guar 4-3e
1930
102 tOlt,Tan11
Third Ave It It con gu 4s2000
(014 1011
584
3
604
604
1 60
604
Kings Co El 1st g
85
54'4 Dec'l
Cent'Tr Co coats stuipti.„
6034 174 584 614
004 Sale 00
stamped guar 4s
1941534 81
54 Jan'll
Third Ave lty 1st g 58-113384'-.
84
,
109
110 Jan '11 ...• 109 111
Nassau Elec ga g 4s — 11,11
'/51, Sate
734
t 78
7 .-)%
71)
N Orl Ity& Lt gen 4198 —1933 J -J
81%Oct'10
85
Oonn ity&I,let& rel g 4 4
28'51
1014 1021 1024 Mar' ..
,
St Jos lty Lt
P 1st g Is '3", 31-N
98 .Nov'Ob
98%100
5tampeit guar 4 413
1951
101,
10114
10114 102
Paul Uity (.50 eon g 55.1931 J -J 100
106
106
1 106 106
Dot U lilted 1st con g 448 11'32
82, 31 504 824
,,
5014
8234 Sale
Ity&i,t lets 1 66.1923 A-0
U81
4
034 99
9834
4
III 084 983
Havana Elea consol g 68 1952
5t. 044 97
1161
4
117
udergroutut of Lou fis .1920 M-N
13133 98 Apr'ta)
4
1%5
Inter-Met coil 4 42s
2115 734 79%
Salt
710.
79
754
445
J -J
92
1344 924
924
II 904 924
Inter Rap TI yr cony 08.1911
10019100', 100% 100., 7 I 003 WU%
e
Income Os.
11145
441s
42
44
434
.
201 384 451
45-year 58 Series A
11/32
1034103% 1(13's 103% 01 ,0.3's 103
6 num El vilitca 1st g 113-11.45
95
993 84 Oct '08
4
Internet',aim colt tr 4s 1941'
80
074 Mari,
Wawa Itys St L let g 48.11 34 J -J
,
80 Ang'10
81
Manila Elec lst & coil 68 1963
00
118 May'00 •
United Ras San Fr f 45.1927 A•0
724 Sale 714
724 4411 70
72%
*No price Friday; latest this week. 1
,11elat. (41)40 Jan ,t Due Ayr r Due Slay q Dim hue hDite
kDne ,1ult oDa43 Oct so Dna Nov a Option Bale
1
'110
rsi
112 .,,i;:1 8 2" "
0
382
BONDS
N. Y.STOCK EXCHANGE t.
WitEK EmINn FRB 10
Lxxxxii.
New York Bond Record-Continued-Page 2
Price
Friday
Feb 10
Week's
Range or
Last Hats
00
Range
Since
January 1
BONDS
N. Y. STOCK EXCHANGE
Wang ENDINd FEB 10
.Price
Friday
Feb 10
Week's
Range or
Last Sale
LI
Range
discs
na
Jay
-High No Low lity/4 Erie & Pills See Penn Co
Bid
Ask Low
Ask Lou'
Bignklo Low Bich
Bin
Chic SIP M & 0-(con
1255 Jan'11 ---- 124 1254 Event;& T H 1st cons 65.1921 J -J 1127
11.2 18-Tan. ,
8
11....' 11251125
8
Ch St P& MLun letgSe 1918 M-N 1235
8
12115 Alsruti ....
,
1942 A.O 100 1101 it 101 Jan '11'.... 101 1014
istgeneral gold os
Nor Wisconsin let Os 1930; J -J 123%
Mt Vernon let gold Os..1923 A.0 10412 112 114 A pr'1)5. '
St P & S City 181 g 68 1910A•0 1124 112.4 112% Dec'10 ....
hull Co Branch let g 58.1930 A-0 .15
95 J'ne'08 ....' ..........Chic& West Ind gong Os q1932: Q-51 108'4 1105 110 5 Dec'10 ....
6 1125 93'
93
Wargo & 80 See Ch M do St P
92,14 935 927e
111524. J
Consol 50-year 4s
L lint& Pere 51 See Pere Mar
Chic& W Mich see Pere Marq
Fla Ces Pullin See Sea Air Line
Choc0& Gull 6'ee R I P
113 Oct '00 .....
92 Ang'i0
Fort St U 1) Co let g 41
1005
0.1941 J-J
88
Cin ft & D
gold 412s-1937
1
4
1035104 1045 Jan '11 ... .041 1045 let W ea Ilio (ir 1st g 4e...1923 J-J
84'i 845 Jan 11 •••• . . 845
80
84.;
Cin D & 1 1st gu g 5s 1941
/ 'al liar & 8 A See So Vac(lo
W 1st gu 4s g.'23 2/1-N
C Find &
1 'Tel H es 11 o11882 let 50.1913 A.0 975101
•
98 5Feb'll ••••I 985 985.
85
s
801 863 Oct '10 ..
.1 -J
Cin I & W 1st gu g 4s.1953
2
4
4 1033
4
Ind Dec & W let g 5s 1935 J -J 1933 105 1033 Deo'02 •-• 103 103% Georgia & Ala See sea A Line
10712
Gii Car & Nor See Sea A Line
1935 J-J
Let g, uar gold 5s
Georgia Pacific See So By
ClbtL&O &eOUC&StL
Gila V G& Nor See SO Pan CO
Oin &(1 ties C (I St L
Gi011y cfa Oswegat See N Y Cent
Clearfield & Mali See B It & P
5 95
95
10 933 95
945
4
Grand Rap& Ind See Penn RR
J-1) 93
Clev Cm (I ea
L gen e 45 1993
92
92
.1 92
02
Gray's Pt Term See St Lb W
Cairo Div let gold 48-.1939 J-J
1)35 Dee-10
91
965 Sale 953
965, 290 955 965
,
(4t Nor
-C li& Q con tr 4s 1921 J-J
Cin W & 51 Div let g 43.1991 J -J
94 Jan '11
93'4 95
4
953 Feb'l 1 .... 955 1.1i
955
93'294
Reg18tered.h.
1921 Q-J
St L Div let col tr g 45_19911 M-N' 1)0
91 Oct '97
985 994 1)9 keb'll ...., 985 99
St Paul Al & Mau 4s....1933 j
109 31-N
-J
Registered
s
8
90, 100, 90 Dec'09
1 126 1275
4
let 0011801 gold 65
1933 j
-J 126% Salt 1263 1265
•Xn Col Div let g 45-1940 31-8
915 DWI()
91%
132 Apr'03
Registered
1933 J-J
W W Val Div lat g 4s 194( J • J 106
D1551'06'10
Reduced to gold 4429 1933 J-J 105',, 107 105121feb'll 86 105 5 106
o 1 St 1.& C consul 6s 192
96
2 96
96
96
97
ViJ
5
108, J'nu'ull.. '...... -.1
Registered
k11136 Q-1
1933 J-J
let gold 45
96 Aug'10
4
933
Mont eat let gold 4s..1937 3-1) 98 Sale 97'.,
k1936 Q-F
Vs
6;
985
Registered
106
4
1063 Jan'II
106 106%
'06'
Registered
1005 Oct
1937 3-1)
Cln :7; eD CI con let g 58..1928 J •J 107
1025 Dee'ut,
E MinuNorDivIst g 481948 A-0 925
9104 Jan '1 u
1914 J-D
......
C Cdl I. coueo178
114 De0 10
Minn Union 1st g 65..1922 J -J 114
.
'......
75.-1914 J-1)
Coueol sink fund
1..5 .4 125'4
4•
1 1255125 5
Mont(7 1st gu g 6s....1937 J-J 127 1
127 J:01'11 ....' 127 127
4
General consul gold 68 1934 J •J 125,
Registered
13114 . 15P00
1934 J-J
1
1937 J-J 125 12
Registered
94 J'iy'On
let guar gold 65
1937 J -J 1125113 1112(s 1)eis'10
pre( 48 1940 A-0
Ind 131 & \V 1st
Will 84 8 I' let golil5e 1938 4-1) 113
116 J'no'ub
0 Ind & %V let ph 5e...a19381Q-J
925 935 33 Jun'11
90
93
Greenbrier By See Chem & 0
Peo & East let con 4s 1940 A-0 Si)
LI 09
61
61
60
615 Gulf &6 I Istret& t g fis 611/52 J-J
92
89
4Jan '11 ..... 913 91%
913
4
1990 Apr
Income 45
an & St Jo See 0 11 de 1.4
Clev es Marietta see Pen lilt
ousatonio See 11 15 D.es 1-1
1
Clev Jo Pitts see Penn Co
675 685 685
1385 12, 673 69
4
Hook Val 1st ConhOlg 4125.19119 J • J 1025 102',, 10212 1025 1 1025 102%
1947 .1 • J
Col Midland let g 4s
1164
1109L,Sep 'on
. 1,1 'JO
97',.
965 Sale 96'.,
Registered •
Colorad& Sou let g 48 1929 F -A
iiki 5 98., 985
9878 451 97% 984
Col & 11 V 1st ex t g 48_1941 l-0 943 955' 94.4 FOIP11 .... 94% 943
1
1935,M-N
1 9 A- j
Roland & ext 4t5
113
1 /3
6 113 113
995 e eu'ou
10
Col & Tol let ex 43
.
1921J -D 112
1955,1 -A
Ft W & Den C lat g 08
Roust E & W lex See So Pao
Coluni & Ureeuv tsee So lty
,I
Houst&'fox Oen See So Pao(,o,
Dock Vat See Hoek Vat
Col &
nous Belt & Term let 55.111373•J 100 1015 1015 1015 5 101510112
Col & Tot See Hock Val
103
1 103 103
103 103
Illinois Central let g 45 1951! J-J
Col Conn & Term See N 80W
10% A.
1 Registered
'07
11)51.! J-J 101)
Paa Rive let g 48.1943 A-i)
(Iona&
100 May'10
:Mil 1 • 995 905
bola
1023(
let gold 3128
-1952 J • J 100
11)51. J-J
Cuba lilt let 50-yr 5
.1
94 Sep '99
Al.do
Registered
-J
1951! Jkn it (it So See g.. St P
9312 Alay'99
Extended let g 3'2't
1351 A 0 *87 is
LJaihte & Waco Hee 11 11 & '1'
eu J 'ly
let gold de sterling
1951,M-S
Del Lack & ‘Vestern98 Jan'll
103% Jan '11 .... 103%108%
98
.
Vd
Coll Trust, gold 4s
93
Morris& Essex lift7s 1914 M-N 1085
4Jan'll ....11115 111%
3 52 -°
1 52 A-0
Registered
1915 J-1) 111 4 1L1 121111
let consol gnarls
119 J in °''
.
974 97 5 97L4 jgie"11 ...;: 1)7
I
let ref 4s
98
Registered
1915 J-D
1W8.11? 1°
:
;!n5
98
91
985
LB L) es Tex gold 48 ...11/55,11.N
1 53 4- N 975 97% 9,s
2000 J -0 90
1st ref gu g 31
0
,
4
4
Registered
945 Jan '11 ....' 915 9.04
1933 51-N , 96
NY Lack & W let 6s 1921 J-J 1151 116 115 4 Jau '11 .... 116%1153
lJti Jan'11
1/6
,
Cairo Bridge goitt 4p....1050 .1 •0 95 Wu
96
1923 F-A 107'., 112'., 106 Oct'10 ....
Construction Os
2Jan '11 .... , 99
4
853 87
99 300991
935
86 Feb'll
85',, 81.1
LotuevDiv&Term g358.1958 J -1
1923 M-N
Term & improve 4s
123
8
.
85 117 ie 102. kreu'ini --II
Middle Div rog as
1921 F-A 102
Warren 1st ref gu g355 2000 F-A
74
Omaha Div let g 3s
1951 F-A
Del & Hud let Pa Div 76 1917 5I-S 115 1175 120,2 Oct.10 ....II
49
'01
us,. 91) 108 aug8 ,.
9 ,
753 J aar:11
4
7 5 M n"
St Louis Div&terin g 38.1951' J -J
75',, 755
1.117 5I-S
Registered
3 985 Liu
t
Re u ias
u0r ered
11.51J -J
1916 J-D
714
.
10-yr cony deb 45
101 104
ipoi j.s
; 865 87.4 89 b'eb'111
11)22 J • J 101 1015 101.4 Jau'll
let lien equip g 4.-2s
25 98., 100 5
98', Sake 983
59
4
Registered
.
. '
1943 M-N
1st dorel 45
5 94
93% 5 933 94
4
933
Spring Div 1st g 3.2s.. 121 4 j 81
1' J:J
1946 A-0 93
A.lb & Sus cony 312s
124 38 1'11
123.4 124
3
Western Lines let g 48-11151 F-A, 955
Rene & Saratoga 1st 78 1921 NI-N 124
1 41)5, ° ::°11j
1•. ;10
'1)
! : (U'
: .
11
:
Bellev ca Car 1st 68
1923 J -12 117
.................
Del Itiv RR Bridge See Pe kilt
4
923 13 02% 94
965 Oct '10
4
923
'ilia 93
Carb & Shaw 1st g 4s...11)32 M-6 94,
Deny & It (Jr let cn g 48.1936 J -J
,
101 18 Dec'10
Chio St L & N 0 g 5s....1951' J -If 116 4 Sa.le 1135 1111.4 21'1155116.4
...
.
1936 J -J 10/
Consol gold 4'e .
Registered
Improvement gol Os 1028 J-1) 10051015 1035 Deo'lb
4
92/,6ale 9.7,
1
8
92.-8 17 90
92%
Gold.35e
1
, 1, 1115 115 li) Oct '01)
121H.
1955 F-A
let ,k;, retuuding 5s
9 i 5 Diar'lo
93
98 FelPue
Mempli Div 1st g4s 11/51.•j-D
105
......
Rio (Jr Juno let gu g 60 1:139 J -D
ifs J'Iy'uts
78 Dee'09
65
St 1., Sou let gu g 4s
11)31iM-S 935
Rio Gr so 1st gold 48.-1940 J -J
lud Bles West /See C(1(1,3O St LI
85 Mar'W
75
Guaranteed
1949 J • J *
91i, 92
917 Feb'll
8
96.4Jan'll ....I I
965 97
8
908 917 Ind 111 & Ia 1st g 48
1.951)J-J
Rio(Jr West let g 48.-1939 J -J
e5 5 1 835 855 tut & Great Nor 1st g 68..1919 51-N 1(175 11183 1083
66 4,
4
4 ik.e3
4 I 107 5 108.4
855
Mge and col trust 4sA.11.1411 A •0
1ro
2d F u
...... 97 Jan'02
.....
Utah Cent lstgug 4s a1917 A-0
I
stCo
id 5s certfs
:
"
1"9'11-S 107 108 1 0 5 Ma i U
6
0
in 5 1105 lu 12
1)6:: "
i)7
till) deeil& St i,
Des bloi
3d gold 4s
15 Nov'll) .q
.
1921.131-8 145 15
110 sop '04
Des Moi tin By let g 5s 1917 M-N 100
Iowa Central 1st gold 58..1338' J-1) 1025 kW 102
08
023
108a
, 0'10 5 103
4
94 Sep 10
'
3 9 0834
Det & black let hen g48 191)5 /1-1-1 93
2
2
66.. Jan '11
855 88,
blold 48
90
68 bale
1931 M-S
1995 3-1) 59
Gold 411
James IP /go Clear 1st 4s...1959 3-1) 945 94.4 917 Fl.i 1 .. 1)43 1)5
8 e'l
4
-0 S Div let g 4s 11141 M-S
Dot So
8 4
(a ' ...
,
J cu 1
11188 1/183 ,ai A /6 (.* it See L s & o.i. s
713711 11A%'L: 1.
Dill & Iron Bang° lat5e 1937 A-0 101) 103;
106 ..„ Mar'ut __
.I.Van es Mich Bee Tol & 0(1
Registered
1937 A-0
K LI NIS& AI Me St L & S S'
1916 J -J
2i1 Os
K 0& AL It & 11 oas st 1,& S F
I
Dul Short Line See Nor Pau
107 110 106 Jan'11 .... 108 108
likin. C & Pacillo Bee Al li de I'
Dal So Shore & AU g 65 1937 J -J
liall City Sou 1st gold 3a..1950 A-0
'74
75 735 7412
737 745) 737
ot Mina .SeehtPh1&M
Registered
1.050 A•0
Viast Ten Va & Oa See 8o ity
Ret & impt5,e
8
1085N 'l° 2rml 18 819n j-1) 101 5 Zak. I 10 1 °(''65 Wu% 102
1p: 0
"
A.3.
'
61
-1.; 0
10 ,Elgin J ol & East let g55.194 (A-N 1105
Kansas City
' 975
075 25 Uki% 975
ham Curt & No See Leh& N Y
120
4 120 1205 1,eutueity ueui, see L,& N
8
120
Erie let cousol gold 78.-1920 11-5 119 1205 1(n) J'no'I u
Kook & Dos 510 See ti It
NY & Erie let ext g 4a 1947 m-N IOU
1044 Jan '11 .... 1045 1045 Knoxville & Ohio See So leo P
Ity
ext gold be
1919 M-S 106
4Jan'll .... 1091a 1111
4
4
1923 1.11- 6 1021 103 1025 102', 1 10151025 i sae Erie & W let g 56-11/371J -J 110 111 i111 1
36 ext gold 45s
106
1055 2105 IU55 _LJ 2,1 gold 55
09 L,;
104 .-2 1055 Jim 5 Mar 10. ,
1920 A-0 105
4tdi ext gold 58
99% Feb'iu .... •
1
North.(Alio 1st gu g be..111 1 .0
11184Jai.'11 .... .1118 5 1085
1115 -j
1928 3-1) • 995
5th ext gold 45
114 4, 11% Oct '10 .8 85,4 8 _ 44 L Silo & Mich 8 Hee N Y Cent'
zt
;
78 1920 M-S
N YLE &W 1st g
I
t
0
3
8 34
Loh Val .N list gu g 4128:11/4 J • J 1065
85% sale :I jau 1I
0
Erie jet cou g 43 prior 19116 .1 -J
4
Registered
104, Jau 11 ....',104 5 1044
1940 J -J 1045
1996 J -J
Registered
'5
'it) R;:i . .... 76
Lehigh Val(Pa)eons g 48.2003 IVI-N 4.
755 Sale 74%
let.coneol geu lien g4811196 J -J
87,4 88
87 5 6'eb 117 0 80
8( ,4
86
'
87,4 Le,e8is r l let gu g 58.19411 A-4D 119 19 1'4 1094 Jijecu :Ill .•..: 1i3 5 114
ii
i V t red
iy
l
:: u
14 41 147 p a ' U
1990 J -J
ktegiatered
1951 F -A
Penn coil tr g 48
'76% 158 73
4
'.83 Leh. V Coal Colin gu g 58 9
1r
) ( ov U f
7812 Sale 76
14
0 .
l
1
8 1,4 A l 1031,8"3L4'.11 2 l u t' 'kiti
4. 0
1953 A-0
60-year cony 4., A
71% sale 705
72 227: 611
72
1
Leh & N Y 1st guar g
4
' 933 Mar'10: .
.1 4 M
(10
Series 13 1953 A-0
1
4
4
4
Registered
11145 M-S
Bull N i & Erie 1st 78-1316 3-1) 1105112 1103 Jan'11 .... 1103 1103
112 Feli'll ..... 1115 112
El C So ii let pi 68
'1015 FelP10. .!
Chic & Erie let gold 53_11182 M-N 1125
Deu'lfe..._
Gold guar Os
,
.8/4, WV
(
of11:11::3
Clev & 51alton Val g 5s.19311 J -J 1115113 1121
112434Jan '11'.... 124.4 1245 Leh Jo Dud It Bee Cent
N
Long Dock CO11801 g 68 1935 A-0 l'24.4
•
Leh es Wilkesb See Ceut of N J
110 A pr ( :
,
( 1,
Coal& RR 1st.cur gu 65 11122 M-N 1.054 108 114,438 jan:1i: :.i.......
1.00 8 Leroy & Caney Val Soo Mo P
Dock & Dup 1st cur 68 1913 J -J
1")'., Nos'Iu
LA/us Dock Bee Brie
2
99,
N I de (*Even L gu g 58 1046 M-N
4
4
111.
111
2 111 1125
N I Sue & W 1st ret 6s 1937 -J 1015 105 ,1013 Jan'It__ 1015 1013 Long leVii-let con g 58./0.931 Q-J 109's
1st. consol gold 4s
14105 Deu'ud',..., .....
41931 Li•J
2/1 gold 4125
96
1937 F-A
General gold 4s
4
3 851 875
1938 3-1) 95
87'4
96 1105 Jan'll .... 905 965
(Jeneriu gold 58
1940 F-A
875 Sale 1 805
.85
11E0 lu Nov'10....'......
v'erry gold 4'2s
1922M.8 985 100
Terminal Ito
985
ut35 2 Uzi5 985
-gold 5s 1943 rvi•N 1995111
Gold 45
1932 J-D 9/
97
1105 Dec'10 .... •......
,
J 1st eat 55 1:140 A 0 1105
Mid of
1615 Oct'06
Guided gold 41,
1949 M-S 943 Sale 943
4
4
1005 Feb 11 .... 1005 1005
4 1 94.; 955
943
Wilk & La let g u gem 1942 J-1) 9918
gold 5s
Debenture
1331)-I) 103 105 1015 Deu'Ors ....1 ......
Ey& lud let con gug tis 1926 J -J 110 112%114 Oct '09
MISCELLANEOUS BONDS-Continuod on Next Page.
- -- ---- Gas and Electric Light
Gas and Electric Light
/1. & P g 5s...1948 J-D 102% sale 1025 1025 16 10214 1027
L Co 1st g Os 1947 J-D 102
Atlanta
8
N Y Li E L
Purchase money g 48-1940 F-A
13klyn U Gas 1st con g 5E5 1945 sa•N 106%1067 106% 106%
88% sale 675
885
8
885 12 87
1053 107
4
1947 A-0 5u ,
Ed El Ill let cons g 58_11015 J-J 1105
. 11012 Oct -10
Banal° Gas 1st g 55
, 60
60
60
2 595 605
: pi Gui Les1.0, or,vfg 8G 1.,3 3,AI..-A 1 0;101 11;
co
y
;
,ac ccE nti,01.10 onal5531.113 F N0 ; S1( ,3
8. ;
1 11c
1,
1932 J-J
4
Columbus Gas let g 5s
,11)2
10(17t
4 IOU 101
1923 J•J 1005 100% 100 Jan '11
N Y & Rich Gas let g 65.1921 M-N
Detroit City Gas g bs
IOU lot
975J'ly'in
bet Gas Co con let g 65 1918 F -A 100 101
95% Sep 'On
Eq
LN Y 1st con g 55_1932 A-8 105
4
105 Oct'10
,?, 7 913 92%
5
1. -8
Gas& Eleo Berg Co c g58.11/410 J-1) 101
615(Jot '01
Pe°' & ‘) ist"n 4 U313- sl-S 101
la
'
'
4
1.1
Ur Rap
98 101 100 Oct '09
L Co 1st g bs 1915 F -A
1:1 J. AIt2
91
14
2
1035 1o3'., 1 103 1035
. 7
J 101 , it
Hudson Co Gas 1st g 55_1949 M-N 1035
Re t ol e l i og
Cli:Ga ie goi d t tu g g 1 , 6
eO un ti g liulI e5e gu o/893 J:D 1023 T% 101 5 Jan 1 1 1.) 11 El5
4
,
'
i0 1 4 ... 10 8
1/3
, e .1
)
(
L2
i,,
Kau City(hlo)Gas let g 58 1922 A-0 118
97 Mar I 0
Kings Co EL L& P g 65 1937 A-0 1013
1015 Jan'11
4
Ind Nat Gas& 01130-yr 53'36 31.N
iiiii; 102
5
Purchase money Os
Mu Fuel uas let gug 68.1947 sl N a* ,. b 11 , 91
11197 A-0 1125
115
115
.
1 .. (
)
115 115
'
) Jan 11 ; 125 li 1/3
4
)
0 4
Ed Ll 11131in lstcon g 431931. J •J
875 Jan'll . 875 875 Philadelphia Co cony 58 _1919 F-A 105 109% 1.085Aug 18 0 104 1055
4
1
873
05 Jan: ..syracueo Lighting let g 55.'51 J -D
99
Lac Gas LotSt L 1st g 55.81919 it- F 1023 Sale 1023
4
12 102'4 103
4 103 .
Re/ and eat let g68
1934 A-0 100%100% 1005 Jan '1 1 a 4 1005 100 4 Trenum 11 & El 1st g 58..1943 ,VI-b 102
an 0
oi :
10 j ay:1)
10
Milwaukee Gas L 1st 48-1921 M-N
Union Bloc Leo Plat g 59.1932 M-S 100
,
90 , 15 90
905
91
905 132
Newark Con Gas g
J-D
1005Jan'11
1004 l00' Westchester Light'g g 58.1950 J -D 104's
1045 10412 2 104 1045
__--- --- ----------_ _
- ------* No price Friday; latest bid and asked this week. a Due Jan b Due web
Due Apr eDue May It Due J ly k Due Aug q Due De0 sQtiouthiIê-
....I 91
0
22.,
,1015
FEB. 11 1911.]
BONDS
N. Y.STOCK EXCHANGE
WEEK baNurNo pug 10
New York Bond Record—Continued—Page 3
°
.Prioe
Friday
Feb 10
Range
Iccvnge or
Since
Las7Vatell! JanuarV
B
.
BONDS
N. Y.STOCK EXCHANGE
WICICH ENDIX0 FEB 10
SA'
▪ ti
Price
Fr/Jag
Feb
383
Week's
Range or
Lase Sale
°o
Range
Since
Janyary 1
Ask ktru
Boa
/Vo tot. JJtgA N Y Cent de
Long Island-(Con)
Boa
tt-(Con)
4.4 14070 ..titylt 1Vo Low Holt
VC% MS% 911 Jan'11
90
Guar ret gold 4e.....
uS's
1949 MAtieh Vent coil g 845....1998 F-A
79, 79
2
79
79
1 78 2 79
,
Bklyn & Mont let g 68 1911 M-8
Registered
79, 80;Deo'10
2
1010 bee'us
.
NI-8
let5e..
1911
Beee.h Creek 1st gu g 4e 1930 J -A 081
3 99 F-•11
9
2
98% Dec'10
1101 ov'06
/
4
1034
N Y B& M B lateen g 551935 A-0
Registered
98%
1936 4-J
OS% Nor'10
105 Apr'07
NY&R13 letg58
1927 11-13 101%
2d gu gold be
1936 J -J1 105%
104% Sale 104, 104 4 1 104% 1040
4
4
Nor Sh B let con g gobs o1932
Beecher E x t 1st g 3"28511451 A-0, 86
9504 953 Deo'10 ••••
4
Louisiana'S Ark let g 5E3.1927 .8 94
°art & Ad 1st gu g 4s. .1981 J-0
1171, Apr'09
116 Jan'll
1154 116
Louisv & N ashy gen gds.1930 .1-1) 110%
G-ouv & Oswe 1st gu g 5s 1942 J-D 110
,
111 1 Dec'10
.
4
1937 M-1 110
Gold be
Moli & Mal let gag 4s 1991 M-S 08,
4
987
4.1'ne'10
98 2 Sale 98
,
20 984 99
U9
1940 J -J
Unified gold 49
J Juno It gu let 4s.. 1986 F-At 95 100 105 Oct 02 .. • ......
97;: Nov'10
i
1940 J -J .
Registered
N Y & Harlem g 3 28 2000 M-N 9014
,
113 Aur10 •... ......
100% Deo'09i
A-0
1910
Sink fund gold es
N Y & North 1st g be 1927 A-0 107
108 Oct '09 .•.. ......
4
1093 Feb'1 11•••• 109 10110
4
1931 11-N 101).%
N Y & Pu 1st con gag 4s 1993 A-0 974 1/8
Coll trust gold 5s
up. Feb'll
4 97
111% 112
Nor'S Mont lat gu g 50.1916 A-0
E H & Nash let a 65....1911, J -0 112 115 112 Jan'11
101%106 10412 Dee'LO
28...11131 .6-N
L Cin & Lex gold 4,
Pine Creek reg guar 6s.19132 4-0
131 Jan'09
1210 Nov'10
.
N 0 do M 1st gold 68....1030 -1 124%
W &0con 1stext55.41922 A-0 107%110 lo•4 Dee'10
1113% 110% 1 118%1180
1930 1-4 118
4
N0 cits M 20 gold 68
Orme de kt 2d gu g 5s...e1915 F-A 100 105 105 Jan '08
Pensacola Div gold 6s 1920 M-13 106 109 1054 No‘'.10
W&0T II let gag 5s.1918 M-N 100
104 J'ne'10
113 S03 10
1'
1921 M-8 114
...
Rutland let con g 4423..1941 J
St L thy 1st gold 6s
06,
4
1U2' Feb -l0
71 12 73% 71 MaY'
09
1980 Ni.
......
'2t1 gold 38
2
Og&I,Chain let gu 4s g11348 44 851
1351 Jau'll.... 85; 85%
/
4
034 2 92
934
Atl Knox do ()in div 413 1055 M-N I)3'4 Sale 1)34
Rut
-Caned let gu g 43.1949 ▪4
03 .1' ue'00
A.ti Knox& Nor 1st g 581946 J -0 112%115 112 DWI()
St Law & Adir let g 58 1996 -4 1081,110 115 J'ne'00
...... •••••
11-S 103
110 Jan '09
Render 13.1ge lets g 643.1931
241 gold 68
125 Feb'08
A-0
06
99
95%
Kentucky Cent gold 48 1987 J -J
8 95
110
Utica & Blk Riv gu g 48.1922 100
1110 Nov'
199
6
103 Dec'10
L&N & &AI let g 412H 1945 M-S 113312
Lake Shore gold 3128
/3V. 50 89; 110
11197 -D 89% bole 89%
/103 90% 91 Jan '11
4
L& N-South M punt 48.1952 J .J
804 91
Registered
J-D 88 88; 884 Feb'll .... 89'. 884
F'- A 110 112% 1124 Nov'10
N lila & 8 let Kri g be
Debentul.e g 4e
94
33 113'. 114
1997 M-13 1.14 Sale 93%
948
1193 1021
4
/
4
N&O Ildge gen gu g 4431945 J -J
25-year g 4s
M-N 4334 ')ale 1)3'
11314 1o2 93
113 2
,
4
Pens & AG let gu g (18 1921 F- A 110,
110 Jan'll
110 110
Ka A de It 1st n05811931 J..; 1104
19
8 & N Ala con gu g 5s 1036 F-A 112 114 112 Feb'll
112 112
Mahon
RR let 68..11434
110
1011 oct'07
913 94
Feb 11
4
92
L & Jolt Bilge Co gu g 4s 1045 N1-8
92 92
Pitts & L Erie 26 g 5s.a11428 A-0 100
L4)0 Dee'013
L N A & Ch See 0 I & .L
Pitts MoK & let gu435.11)32 J-J 1224
1301,Jan 't)i)
Al anon (leak See L 8 & AI 8
Pd guarSe
120
4
,
97'4 9 1164 98%
Lanhattan By coneol 48 11190 A-0 07, Sale 06 4
oet
_
eft V let g 68 1914 .1 4 107
.
998 3 11
104 Ate."09
Mich uent be
!It, 8% 9 lib 110120et'10
Registered
00
'1
11.1110 A-0
96 t,
1
98
004 984
Stmpd tax exempt 1990 A-0 07
Reirietered
1 111 a ite't.)6
4
5.1eIt'pt & B V See N 1: Cent
5
/
4
1111 Jan'11
1940 TT 971 in)
99
139
99% Salb 90%
. .
99
; 4 093 9110
61.ex Cent cons g 45
08 Dec'uo
10411U3
Registered
...l911
31% Mar In
......
"my
J L de 8 let g 3,
let cons Inc g 314
••••• ......
28
801, 884 90 J'ne tia
1951
254 Al1r:
09
lst g 3,
2s
2d cons'no g 3e trust roots..
87
1 87
87
87
'10
77 Mar
20-year deb 4s
4
Mex Luternat lot oon g 48.1977 ;17i 76
132
P.29
85 913 92%
52
98U112 02' 92
4 8712
Nov'10
Bat ti Oa 8tur let gu g 38 1089 J •P
stamped guaranteed .1977
AlAY'll)
iou
Le: L let g 4511)87 A-019
Rex North 1st gold tls .1910 J -D
g tit rect
lih e iit
09% 20 91/%14304
94 Sale 1394
Mica Cent Bee .N Y Cent
100 Dee'Ott
'
0
1937 A-0 1)83
M.hiotNJ Bee Erie
Debeutures 4s
.Jan'll
1100
900 91
.
5111 L & W Bee Chic & N W
West Shore let 48 gu...23431 iN 1903 8a10 100% 101
0 10413 101%
1991M 4 0 1 4 92
4
bill & .Nortii Bee Oh & St
Registered
09%
100
4.4
1 , 99, 1001,
119%
2
130 Jan'11
J-1) 130
130 130
Minn & St 14 let gold 7e..11127
N Y
tireenw Lake bee2adl
1Lrie
118 Jan '01
Pacille Ex let gold 68...1921 A-0 108
N V&kJar Bee N
C & klud
,
100, J'ly'101
South West Ex 1st g 78 1910 J
N .Lack & W See 1) & V(
4
let oonsol gold be
166'11
1034 .6-N 106 1080 1074.
104 1074 N YLII&W See ltrie
Jan'll
71% 74
1st and refund gold 4e 1049
74
74
Y do Long Br See Cent of NJ
8
7 Mar'l u
80
92
Des M & lft D 1st git 4s .'35 J -J
N V N IL 'S 11-Conv tis..1v50 JJ 131,4L4 Sale 134% 1340 29 183% 1340
.
1048 J:J
4
1
,
Minn & St .L gu Nee II Itdo N
Cony deben. 348
91.1, 111 119 1004
4
99%
902 9714 97
DiStP&SSAlcong4intgu'38 J -J
9714 10 953 971
4
4
Housatonic 11 con g 58 1037 M-N 112
112 Oct'10 • 1......
1, /
98J81'10
MS8 Al Al A let g 4int gu 11120 J -J
N 11 & Derby con oy 56.19.18 M-N 101%
107 Aug'00
&IlnuUn BeeSLPM&M
N & Norte See N Y
11
blo Ken & Tex let g 48 1990 -I) 97., Sale
N YOde W rel let g 4s..91002 M-8 961 Sale 06%
/
4
9
0% 1.9 ,
86 s
4164
80.4 1131 8,851
1)7% .) 9 % 99 4
,
2d gold 4s
3
g L$3130 le-A 85 4 Sale 97L
Regis 05,000 only
.
g1902 hf-Id
135, 101 4 J'neti
4
4
101 12 1034 N Y & Put BeeI4C&fl
let eat gold be
11144 m-N 1034 same 10g y
80 Jan'11
b0
81
79% 80
let de refund 4s
2004
N IdlER Bee Long Island
867 Sale 861
.
2 86% bW 853 56% NYS&W Bed Erie
Gen s 1 4'5
4
1936 .1 -4
l
10. Deo'10 ••.•
4
79
..
A-0 73
St L Div let ref g
N Y Tex 'S M See So Pao Co
il
106J'ne'10
...
.
105
Dal & Wa let gu g 5s 11140
Nor'S South let g be
1941 64-1 1001,103 103;Jan '11
A,
103 2 10312
,
4Jan'lr . 904 1;1;4 Noll& West gen g es
901
93
Kan (3 & Pao let g 4s 1990 le-A
4
125 Dee'10
1931 M-P1 1243
.. '
08
0' 09
tdo K & Ii. lot gu g be 1942 A•4.) 1119 1011,109's 109;1 3 107'4 10 ; Improvem't extg 68-1934 -A, 124.2
10
8
126 mar'iti
M-N 108 Sale 108
K & Ok 1st gu bs
New River let g 65
1942
4 )
0v
00/ 9 5
1932 A-0, 1213% 1251 121 Jan' ,
00 1
14
1u :34 199,,
2
25
1413'4 103, 103 Zan
•
4
1020 103
51 K do Tot T Istgu g 56 11)42
2
N & W By let con g 44 11106 A.-o,
•
......
98 Jan '11 ..... 98
Sher SLi & bo let gu g 55 1943 J -0 193 1116 1104 Apr
Registered.
98
1611111'.... 105 105
Tex& Okla 1st gu g 6s 1943
Div'l 1st I& gen g4e 1094 t
3
14 4 105% 105 .
1.'34, 23 02% 1130
94 :11 93% Kale 03
6
2
4
blo Pacific let con g Os. 11124) .11-N lu 41093 1094 109%i 1 109 109%
10-25 year cony 4e
4
10110,278 100'.108',
1939 41-1 1000,11)03 !106
)
1004 Sale 100% 1004 11' 10012 101
Trust gold be etatuped:a1017 APocrth 0& C Joint 4s 11141.
90
893
1341
4
89
13. 88; 1.1012
09 Mar'lul
Registered
C C..% '1' let gu g be
'
ti 10 .
a1917 11-13
05
6
03
0
1922 1•4 104,2 07% 14) ,2 Nov3,2 ... ......... 974
4
0 100, 10114
cell gold bs
101
Sew V & N .11; let gu g 4s 1089 hi-N
1920 le-A 101 Salo 101
77% 79
$0-year gold loan 48
77% 82 76% V% North Illuuns Bee Uhi & N W
773
4
1945 M3d 75 extd at 4%
97
North Ohio Neel, Erie & W
11338 M-N
94 14. 1: 13 2
5
2
4 9
1333 Suits 934j1: .
11
let & ref cony 58
e
924 0414 Nor Pao-Prior lieu g 4e 1997 Q
11100 M.
01
98 4
10012Sale 100'. 10110,120 990,100%
Cent Br By let gu. g 4s 19111 -A 92% 93
2
/
4
Registered
1183 99
4
1997 4,1-A 98, 991 99 Jion'11
872,May'10
Cen Branch Li P let g 48 1948 J-1.) 85
General lieu gold 38....a2047
74J% bait 700,
71251 704 71
Leroy&O V A L Dag be 1926 1-4
Registered
7 . 70 Deo'10
00
.
a2047
.....
19°4 Jtn °9
18 4 ": 1.
1
b -A
0812 thr;
98
Pao Ito) Me let ez g 48.1038 '
St Paul.Dul Div g 48. .19116 C -1
i 06
96 Jan'11
96
) 96
IL0 110 Deo'lu
26 extended gold 58 1938 J -J
Dul Short L 1st gu 58191 M-8 1104
9)3 VelPlo
..0
107% 43 UW4107'4
St Lir Ai&!igen con g 681931 A•0 10/ 107% 107
(1 Bd. eoll tr 4s See Gt Nor
85
843,2'. 85
8
Gen con stamp giAlg 561931 A•t)
St P & A
1164 jan'll •
gen g 6s .1923 F-A
116,
2116%
84's 13
Unified& ref gold 48 1029 J -J
81
84;
Registered certhic's..1923 QF
litl 111 beu'10
85 Sate 1108814241i2,21I
Riv (4,4,4 1)iv let g 4s 1933 NI-N
b
st 6od & Dul let 58.-1031 F-A 107
21.'itlu
,110 J'ne'lu
Verdi V I & W let g 68 11126 NI- S
4
1102% 192% 4 102%1024
A9II;:st: 1021,
98 Dee'06
MobJ & K Cletconegbe 195.i •.1
961 Apr'lv
let eoneoi gold 4s
/
4
.11113213887
Mob & Ohio new gold 05-1927 J -0 140% tiale 120% 12/
111 1207
.122
Wash Cent let g4a 0a
924 Nov'lti
4
91
let extension gold 43e..A11127
114;117' US's Jan '11 ...„1,115 2115% Nor Pao '1'er Co let g
,
111%Jan'll
1114
11 1% Ill%
General gold 48 . / 193a
874
86% 86; Nor 1.V Cal bee So Pao
8612Jau'll
.. ...
F -A 110
/
4
blontgora Div let g
4
1101 1104 2 110, 110'4 Nor Wie b'ee e St P .M. & 0
76 Alay'08
..
80
85
St L & Cairo coil g 48..e11130
Nor'S Mout Bee N Y Cent
03
933 94, Nov'.19
4
Guaranteed g 48
inti & W tree C e bt L
1931
M & con 48 bee Southern
Wino Ely lilt Bee salt db
Mohawk & Mal Bee IN 1: 041,
Ore & Oat Bee So Pa* co
Monongahela ltiv Bee 13 do (.1
Ore Short Line Bea tin Pao
Mont Cent Bee tit 2 At &
Uewego & Rome Bee N
Morgan's La & T Bee S 2 Co
tlae Coast Co let g 65.-1946 1-1) 1071,
10712 10712
105 108
Morris & Essex Bee Del L&
coot Missouri See Mo Pao
ki ash ()hat .3b St L let 7e 1913 J -J 106% 1067
21001siJan'11 .... 1003
.106; Penn _RR let real eel g 45.11323 M-N
103 102 Ang'10
LI let()ousel gold be
192b A-v 110,
41100 110 Jall'11
21104
4
Conrail gold Ss
109,
L031 110 10912Jan WU •••
/
4
Jasper Branch let g 05 1923 J -J 1150
4
1167 NNov'10'
COU1301 gold 4s
194
11313
101 10.34 103% Dee'109
AloAl. M W & Al let tie-11117 J -J 10417
8
10842 Dee'10
Convertible g 3, 8
2
1012 Al-N
op 99 1 934 u'-'111 uS'4
113 J'ly'04 •
T & P Branch let
101'i J -J 14/674
Convertible 4; 3%a
U
Aale 1104
96% 109 96
;06%
Nash Flor & She/ Bee L& N
438...
Consul gold 4e
103. DA 103% 104
4
12 103's 104%
1948
95
1
943 954 05
Nat Rye of Mexpr 14:e 1957 -J
4
95%1 132 945 9514
s
Alleg Val geu gu g 4s....11342 M-S
1004
10041001
4
Guar gen 411
11)77 A-0 874 8914 893 Jan'11 . 893 894
4
11 R it& Bge let gu 4Lig.'36 F-A
4
91%
Nat M. Mex prior hen 4'28 1020 J.J 101 104 14103 1000
4 - 1000 1004
4
PIMA ital. di W 1st g 4e.„1043.16-N 101%
5
4
101.4 Dec'10
1951 A-0 83% 811 834 831, 14) 84% 83%
1st consol 4a
4
Sod 13ay 9b so lett g
104 Jan'WI
J 11)0
N w 11 de D Bee N Y NIL & LI
UN J
db OYU gen 4.s.1044,NI-S
1034 Mey'10
N J Juno ltlt BeeN Y Cent
I
'1
Penn Uo-Guar Ist g 412e.1921:J -J 103%104 104
104
1 103;1044
l4Vktkln&Man 13ch Bee L 1
I
Registered
1921'J -J 103
4
1033 Feb'10
88% 887 883
,
N Y Cent dr D. thy g 3 28 1997 J -J
2
4
883
4 4883 00
Guar 34e coil trust reg 1937 Ai-S 87
4
90 Aug'11 • '
Registered
19117 J -J
88, 88 FelP11
2
Guar 3ltie ooll ser .B 1941'F-A 88 89% 894 Deo'10
WI% 89%
.,
.
Deben g 48
11334 M-N 93°4 04
933
4
030
. 5 1)34 94
'Pr Co oertiVe
g 3 25 19141 Ai-N 974 081 1174 Jan'll
/
4
,
... 074
1)7
1
Lake Shore cell g 34s 1998 F-A 807 Sale 801, 807 62 80
4
liu 34e tr title
807
,
111431 J
87 Aug'io
87 2 90
,
Roguitered
1998 F-A 79 bale 79
79 I4 793 7914 Gu 3kistr etfe D
4
91 Dee'00'
1944j-0
89
•
-•
..
•
••
...•
•
•••
4:4
411
MISCELL I1NEOUS BONDS--eontinued on Next Page
Coni antl Iron
Hanutacturhig & Industrial
Buff& Susq Iron I Os.. .1932 J-D 9014
96, Jan'11 .... 964 00 4 Allis-Chalmers let 543
4
1936 J -J
78 2 Sale 78
,
,
76% 7812
7812 lb
Debenture 50
ro 1940 Id- 4'
112¼ 90 Deo'10
1928 A.-0 14e23 -1a14 104
Am Ag Chem let 0 be
4
102% 54 101.4 102%
COI 04 1 Co gou et g Se..1)149 ,
1 -A 99 Sale 111)
1113
3 0712 99
Ant Uot
1
4
1015 /-11e
art 4%8
98 Sale 973
4
9 9714 1.18
9/3
Convertible deb g 58.-1911 If A 100 18aI6 100
100
'/ 100 100
Ain lilde L 1st f g 65-11)10 M
68%4
A:LS 09 100's 09, 100
2
2,, 96 4 100
,
Col Indu 1st& colt be gu..1934 If-A
7914 U16 19
7912 15 70; 79% Amer Ice sceur deb g 65 1926
68
68; 5 (45
6812
Contin'tal0 let el I gu be g..1115 F-A 00
107% Dee'414
AmSmeltdblt sub rote 138 fall pa
/1024 salb 14107 1024 761 100% 1021
4
/
4
Gritty Coat'S 0 let g 60-11110 A.0 *90
102% Apr'06
Ma Slants AtIg let g es 1911 Illi
bl)4 100; 101 .Tan'11 ..... i00 101.
Jeff & Clear()& list g 68.192h ,J
14/7 Alay'97
Ain Thread lbt cot tr 4.5 11119 .1-.1
93, Sale 9314
4
90/
4
1 921, 934
Kande 11U do lot org08.1:191 J -J
1054 Dee'00
A-0 1001,,ale 100
Am Tobacco 40-yr g
106% 142 104% 1061
/
1
4
Pocali Con Collier let I 55.'57 J -J
83 J'ne'10
85
1951 PA
443.
884 Sale 83
83; 17e 75% 9414
Stuulay Creek
g 58....1944 J
78 Feb101
.3oth Steel let ext s L 55_1941 ,.-j
58's Salt. 88
88.4 2, (16¼ 89
1951 J.J 104 1040 104
Teun Coal gen be
104
4
24 1033 10414 ;ent Leather 20-year g 58.1921. A.
4
993 bale 0115
4
2
Virip 115 tfesi 100
al017 A.-0 100 lOb's 105 14Jan'11
'Train Div let g 6a
1054 105 lb
78
841 834 Feb'll... 81% 1411
/
4
Toba000 g 48
195, F.g
/
4
Birm Div let consel 643-1917 J -J 1041,1051 104% b'eb'll
/
4
1011,105% eorn Prod Ito) 8 I g 58
193, 54-81 993 07
96 Jan'11
4
137
Cali0 Ai Co let gu gt3e.1924 J -D 107
110 Jan
'09sel-N ....... 990, 060
let 26-year et
2
00% 8 96% 07
e Bar db 1(Jo gu g 68.101p F-A
100 Jan '10
Cuban-Amer Sugar coil tr 6.'18 A-v
964 904
95
964 'a 1354 97
1954 .1-J
r F0411161 e be
8714Jan'll
il74 87 4 Distil see tier cony let g
A-0 78% Sale 77°4
791k 22 76% 79%
n Coal&eolat g bo.1049 s 06 Sa1e 95.4
i
96 .-- 954 913
IC I du.Pont kowder 4.se 193t 4-D 831 86
/
4
834
,
4Jan'il .... a% 838
eNanrlee Friday; latest bid and asketL aDneTan b thin Pon e Diie ilay g Due J'ne 7o Due.rir kDne
Aug 0 Dna Oct v Due oy g Duo 4 / Mats
--.
..96
Traf
384
'es
BONDS
ve
STOCK EXCHANGE .4
N.Y.
.4
Wefts Emma Pea 10
New York Bond Record-Concluded-Page 4
Price
Friday
Feb JO
s
Week's
Bangs
Range or gt• 41
Since
Last Sale
January 1
BONDS
N. Y. STOCK EXCHANGE
WEEK ENDING FEB 10
Price
Friday
Feb 10
[VoL. Lxxxxii.
•
Range
Stnee
January 1
Week's
Range or
Last Sale
Btu
ion. No Low MO
Altie Low
Bigh No Low .11VIt
48A Low
Rid
Pennsylvania Co-(Con)
934 Sale 95
2
/
954 354 941 95%
1955 J-J
98% 10 981 983 So Pac RR 1st ref 4s
98
4
/
4
, Guar 15-25 year g 46.-1931 A•0 1014 984 110 Jan '05
2108
/
1994 J •.1 108 Salt, 107% 108 1 06 1071
Southern-lst con g 58
8
2
/
el & Mar lat gu g 41 1935 M-N
107¼ 110 May'09
1994 J.J
Registered
11014 Jan'09
s ser A.'42 J-J 10612
2
1
4
771 3711 76
& P gen gu g4/
2
/
771
Develop Be gen 48 S.er A 1956 A-0 77 eale 77
109% Ply'09
A.0
1942
Series B
2
/
8741 1 86 874
874
Mob Be Ohio coil tr g 48 1938 31-S 871 58
96 Aug'09
1)0
1948 31-N
Series C 31
s
2
/
2
/
Mem Div lst g 41-5s 1996 J -J 107 110 108 Sep '101.
1)0 el ey'O8
99 95
1950 F-A
2
1
/
87 83 871
Series D 3 s
2
/ 87'91 6 861 871
2
/
2
/
1951 J • J
St Louis thy 1st g 4s
6
923 Nov'10
111.
4
/
1071 Novi 01
2
/
Erie & Pitts gu g3i2s B 11140'J
1918 J.J 1971
Ala(len It 1st g es
93
98% Apr'04
91
1940 J•J
2
/
2
/
891 901 93 Nov'101
Series C
1948 J- J
Atl & Danv 1st g 4s
2
/
81941J-J 105 1057 1041 Oct'09
2
/
524 82% 841 Oct '10
2
/
Gr R84 Iex1stgug41
1948 J -J
2d 48
104 104
104 104 Jan'11
1
,
Pitts Ft W & C 1st 7s 1912,J -J 103%
Atl & lad lat g guar 48 1949 A-0 802 873
6
6
1037 1037
6
1037 Feb'll
4
1912 J -J 1033
,
6
2d7s
106% 1063
1916 J -J 106 1100'4 106% Jan
Col & Greenv 1st Us
107 Oct'08
h1912 A-0 103;
3d 7s
•
T VaBe Ga Div g 58. 1930 j J 107.2 1084 110 eel/qui
109 May'l0
107
4
Pitts Y& Ash 1st con 58.19271M- N
1091
41114
/
1956 2,1-N 110% 1114 1103 110%1
Con 1st gold Os
4
2
/
10741073
107¼ 1071 Feu'll
.s.A....1940 A-0
2
/
2
/
1051 Jan'11,
POO & St Lgua1
105; 1054
1938 M-S 101%
E Ten reor lien g Os
108 1074 107.* 1 107 107%
1942'A-0
Series B guar
67
65 Nov'ule
1946 A-0
Ga Midland 1st 36
6
1071 Deo'10
1942 11-N
Series 0 guar
114 114
1922 J -J 113 113% 114 Jan'111
Ga Pao Rylstgus
]94531-N 95
9814 Dee'I 0
Series D 48 guar
......
116 Nov'lul
1925 J • .1 1164
Knox Be Ohio 1st g
99 Jan '11
1.13
93
s
1941e F-A 913
2
/
Series E 31 guar g
1051 Nov'101
2
/
......
2
/
g58
slob & 131r prior iienes.. 11145 J-J 1051
1953'J -13
Series b' 46 guar
82 ieove18;
1945 J -J
Mortgage gold 48
113 113
113 Jan'11
C St L & P 1st con g 68.1932 A-0 112
105%106%
1915' J -J 105% 108 100% Jan'11'
Rich & Dan con g 68
Pensacola & Atl See 1. & Nash
8
4
1053 EovIO
1927 A-0 1033
/Job 5sstamped
Peo & East B'ee 0 & St L
71
75 Oct '08
Rich & Meek 1st g 4s..1948 31-N
Pao & Pelt Un 1st g 68-.1921 Q.F 109 ...... 112 Feb'10
104 104
4
1
11111) M-N 1.03/104 104 Jau'll
So Car Be Ga 1st g 58
93;Jan'11
9312 93i
2
/
10)1 97
b1921 dee
s
2
/
2. gold 41
112 Oct'06
Virginia Mid ser C Os. 19161M-S 106%
4
/
titi1 694 Dee'iu
Pere Marquette-Ref 48..1955 J-J
103%
1081 De0 09
2
/
'
111211 M-S
Series D 4-58
6
31 5s
1921 J •D 1001 Sal. 1004 IOU's 1 100410079
Oh &
11)7% Deo'09
11126 M-S 105%
Series E 56
110i, 11U'
4
/
3 110 1101
1920 A.-0 110%
Flint & P 31 g 68...
'111
107 107
197
1936 M-N 107
General Os
102 1011 191., 3 1014 1024
4
/
1939 M-N
1st consol gold 55
8
1031 NuclU
1054
1936 M-N
Guar stamped
2
/
102 101, 1011 $1011410112
2
Pt Huron Div 1st g 56 1939 11.0
Ilu 110
Va & So'w't 1st gu 5s 2003 J -J 110 112 110 Jan'111
Sag Tus& H 1st gu g 48 1931 F•A
21
1
tic / 2 941 974
4
2
/
2
/
let cons 50-year 58-1958 A-0 963 9812 971
Phil B & W See Penn BR
91 Feb'10
W 0 Be W 1st oy gu 48-1924 F-A 91
2
/
86
87
891 J'iy'10
By 1st 30-yr at 48'37 J• J
Philippine
105 Jan'll
2
/
West NC 1st con g 66 1914 J-J 1011
Patti Cm & St L See Penn Co
& N Ala Nee L & N
Pitts Cleve &Tol See B efs 0
2105 1023 Jan'11 ....
/
,
Spokane Internet 1st g 68 1905 J.J 1031
Pitts It W & Ch See Penn Co
L .1st g 410_1939 A-0 1115 Is 108 104% Oct'10 ....,
er
'1, A et
Pitts AleKees & Y See N Y Con
1104 Deo'10
.1 1st con gold 55....1894.19441F-A 112
2
/
2
/
1121 1121
11212jan'll
,
6
98
110
98
Pitts Sh & L B 1st g 5s 1940 A.0 1123 .
11)53 J-J
Gen refund s t g as
9376 PAY'97
1943 J • J
4
/
lat°ousel gold Os
St LM Bge Ter gu g 58 1931) A-0 108¼ 1081 109 Nose10. I
Pitts & West See II &
Tex 9b N 0 See So Pao Co
074
971 124 971 984
2
/
2
/
4
/
971 ?elle
1997 J -J
111
111 111%
1.)°acting Co gen g 48
2000 J-D 110%1114 111
, ,
973 973 Tex& Pao 1st gold es
974 984 9714 Jan'11
1997 J•J
70 Mar'l0
IA Registered
e2001) Mar 59 80
2d gold Inc 68
2
/
97
971
973, 97i,Feb'11
103 Sep '09
Jersey Cent coil g 48. 1951 A 0
99
...... •••••••
1931 J •J
La Div L 1st g 50
Rensselaer Be Sar Bee 1)
10012 Nov'04
W Min Wdb N W 1st gu 58'JO F-A
Rich Be Dan See South By
109
109 110le
109
'lot & 0 1st g 58
1935 J -J
Rich & Meek Bee Southern
112 Sep'99 •••• .....
Western Div 1st g 54-1935 A-0
Rio(Sr West See Den Be Rio Gr
2
/
10312Jan'11 •••• 102 1031
General gold Os
1935 J-D
See 1I it & P
Hoch & Pitts
11t.)
90
2 90
90
Kan Be M 1st gu g 40
11)90 A-0
Rome Wat& Og See N Y Cent
971
2Jan'll •••• 971 9714'
/
2
/
2d 20-year 5a
1927 J.J
Rutland Bee N Y Cent
.914 Deo'10 •••• 971 97%
Tol P & W 1st gold 48
2
/
11117 J.J
haag Tus & li Bee Pere Mare
89 Jan'11
1
/
......
8
2
/
2
/
861 871 TolStL& Wprlien g 32 11125 4-4
87 Jan'11
804 89
lat Jo te Gr lel lat g 4s 1947 J•J
4
/
741
74
-year gold 4s
71 Jan'll
60
1960 A-0
74
St L & Cairo See Mot) 4N5 Ohio
2
/
811 811
2
/
Coll tr 414 g Ser A
1917 F-A 81
4
/
811 8.1., I
St 1.& Iron Mount Seel& P
69
4
Tor Ham& Bun let g 48.41940 J -D 963
St L M Br Bee T ER A of tit L
later& Del lst con g 68 1928 J-D 106% WU 106 Jan'11
ral;
1
0
..
4 7
/ 0u A1:z
St Louis & S F-Jeng 68.1931 J-J 119 1201 120 J41
1st refund g 48
4
/
1952 A-0 941 85% 86 uut
4
/
107 1071
2
/
1931 J -J 1071
General gold 56
2
/
9012 Un Pao lilt & 1 gr g 48-11147 J-J luu% sale 1001 100%
4
/
901
90; 91
St L & d it RR cons g 4s..'90 J -J
1004
4
1
/
Registered
911. Jan'11
1947 J-J
87¼ 84 861 88
2
/
1927 M-N 874 Saw 87e
Gen 15-20 yr Os
20-yr cony 48
2
/
11)27 J-J 105% sale 105% 1961
t
993 Oct '10
2192
/
Sonthw Div let g 58-1947 A-0 1011
967 ewe
6
g2008 et97
1st Be ref Is
2
/
82'4 lei 801 821
4
/
808 sale 81 vs
1951 J-J
Refunding g 48
Nay con g 48.1940 4-1) 96
90¼
901 96
2
/
Ore By Be
2Jan'll
/
Ill) 1164
08_1928 M.N 1164 117 1101
con g
K Ft S &
,
4
/
4
/
-19'22 F-A 1143 116 1141 1151
Ore 8hort Lino let gds.
4
/
79
784
K FtS& Ity ref gets 1936 A-0 79 eau> 100 Dec'01) 37 771 79
,
2
/
21121 1121 112¼
4
/
....1940 J.J 112 4
1st eonsul g 5s
4
K03,AI it& 131stgu 58.1921) A-0 100
4
/
4
/ 931
931
1929 J-D 933
Guar rotund 48
2
/
971 98
A.0 984 98% 98 Jsut'll
Oz'rk& Chi.)lstgu 56 g.11113
94 Jan'4)9
1929 J-D
Registered
St Lotus So Bee Ulinots Cent
10
741160 W
Utah & Nor gold 611-11126 J -J IOU
3
0012
4
/
7788 jan791 41 891 90% Uni J RE, C Co See Pa RR
St L S W let g 48 lel otf8.19819 11-N 90 Sale 90'.
78
78
814
2d g 48 me bond otfs...p11)81,1 J.J
Utah Central Bee Rio (Sr Wes
2
/
761 79
64
2
/
1932 J.1) '781Sale
Consul gold 48
Utah Be North Bee tin Paoilic
1011/2 Apr'07
(Iray'sPtTerlstgugss 1947 J.13 97
Utica & Black R tiee N lOent
1
/
dt Paul & Dul Bee Nor Pacific.
98 Nov'08
antlalla oonsol g 45
1955 17-A 972
StP Minn & Man See (it.Nor
2
/
2
/
V °ousel 4a Series B-1937 31-N 964 971 971Jan'11
911
e12&NorPao Sf36 or l'ao
1313 Apr'10
......
Vera Cruz &I'latau 4.28.1934 4-4
SLR& S'x City Best)StP dlit)
Ver Val Ind & W Bee 210k'
, 97% 27 66% 874
87 Sale 863
SA & A i'asslatgug48...11)43 J -J
Virginia Mid See South ity
104 004'MI
J J
S if& N P 1st sink g 58.1919
ee/ abash 1st gold 58
1939 M-N 10914110 109% 109% 34 1081410914
0
Say .1 & West See Atl Coast L
2
VT 2d gold 68
/
1)191 99
99
14, 98..1/2 994
118%
1939 F-A
kleioto Val Be l E See Nor(5b W
tei Ply'10
1110
Debenture series B
1939 J -J
4
A.0 8712 Sale 887, 87% 144 843 87%
Seaboard A L g 4s stamped '50
IOU
2
1 lot; 100
1.00
4
/ 1st lien equips fdg 68-11.121 M-8 99,
100 1001
1006 FOO'll
1911 M-N lot) 10014
CoUtrretundgOs
82
83 Dee'10
1st hen 50 yr g term 48.1954 J -J
751 77%
4
/
,4
79
4
/
751 sale 764
o1949
Adjustment Os
4
/ 6512270 631 654
954 sale 041
4
/
i95uJ.J
4
/ 1st ref and ext g 48
85% 81.11
865 Jan'11
31- S see,.
AU-Birin 30-yrIst g 48 611139
92 Out '14,
Det & Ch. Ext 1st g 58-1941 J -J 10714 1054 1084 Jan'11
10841084
92
Car Cent 1st cou g 4s...1949 J -J
10
3 Apr'10
SO Dee'iv
Des Mom Div 1st g 48 1939 J -J
Fla Cen Be Pen 1st g 58 1918 J -J 192%
'14
74
74
21 '74
On,Div 1st g 3 28
,
1941 A-0 74 76
J •J 102%
1st land gr ext g Os
93 Sep'10
86
TolBe Oli Div 1st g 48. 11941 M-S
106%
106 106%
106
,
1063
1943 J
Consul gold Os
44 Jan'll
44
47',
21041 Wab Pitts Term 1st g 48 1954 .1-13 434
/
1041
2
/
2
/
2
'
5801945 J.J 1041 10614 104 4 Jan 11
Ga & Ala By lateen
4576 sate 441 454 09 431 473
2
/
2
/
4
Cent Be Old Col Tr Co coals.
4
/
1.1)4 1041
1u4/9an 11
2
1
'
Ga Car Be No Istgu g 58 1929 J -J 1064
2
/
71 61
2Feb'll ....1 0
/
100 Apr'10
61
2
/
eu gold 4s
1954
...
,
1926 J J 1043
deab & Boa 1st Os
0 2 9', 012 etie'l 1
,
0
7
Trust Co certfe
Sher Shr di So See Al K & `1:
Warren Bee Del Lao Be West
SttSpOca&U SeeAtlCoaatb
Wash(lent Bee Nor Pac
Southern Pacific, Co--.
Wash 0 Be W See Southern
93
4
36 911 93
/
92% Sale 92%
)
Gold 48(Cent Pao coll).k1941/ J -1
90
881 90
2
/
90
90
2
1
91 Oct '10
8-1945 F-A
Wash Terml lat gu 3/
)
121949 J •I
Registered
80% sal,„ 801
1
98%
86.4 70 801 a?
2
/
9912 372 97
9912 West Maryland Ist g 48-1952 A.0 101/0
,
20-year cony 48
g1929 M.8 983 dale
6
100 100% 2 100e 100%
8
WVaCeut&P lstgoe 1911 4-4
4
2
1
96% billo 1)9/ 993 33 1)64 1)71
2
/
Cent Pao 1st rot gu g 48 1949 F-A
97 Feb'lu
West N Y Be l's 1st g 6s..1937 J-J 1104 sale 1104 1 UPS 2110121101.
95%
411
Registered
88'. 88'.
6
08. Jan 11
1943 A-0 89',
2
/
2
/
911 911
2
/ Gen gold 46
914 911
I......
Mort guar gold 31/28.-egt) ft) 91
d1943 Nov
93 L. Jan'11
Income Os
934
92
Through St L 1st gu 45'54 A.0 9212 93
West No Car Bee South By
Jan'll
4
/
1081 1084
1084 10812
M &P lst58_1931 vi•N
OH&
104 105
WheePg Be L E 1st g 56-1920 2-0 105 105¼ 105
10114 pep '09
..
Gila V G & lstgug68.1924 M-14 11)8
2
/
2
/
2
1
2
/ 103/ 1
Wheel Div 1st gold 68..1928 J -J 193 106 11131 105.1 11)31 1031
Mayen
4
.
Botts B & W T 1st g 58.1933 51e11 105 103 10012 Aug'10
Exten & Imp gold es •1931) F-A WI) 1W% 192 J'ne'10 „
1034
1933 es-N 105
1st guar 5s red
ad
1 84
54
941284
RR 1st consul 48..- ....1949 31-S
%
,
1093 109%
fisintgu..1937 J -J 10914 110 109 Jan'11
lstg
&
2
/ 11:12 O' 902 9922
20-year equips f 68 _11122 J -J
2
/
991 e9 ' 1011
Noveau
2
/
Cense! g Us Int guar...1912 A-0 /081 10914 109¼ Jau'11
2
/
961 1)5'2 Wilkes Be East Bee Erie
2
/
+4 961
Gen gold 41a int gaar..1921 A-0 944 94) 119 Mar'l.
W11 36 eloux. BeeStl'li&Ll
ti-N 116
Waco& N W div lstg 68'30
2
/
934 8 934 931
8
2
W1 Cent SO-yr lst gen 46 1949 J.J
/
93
931 93
2
%
10 1
115/Jau 09
J -J 1024
A & N W 1st gu g
Suiee Duldiv& term 1st48'36 M-11 92% 93
20 92% 93
93
92%
Nov'10
Morgan's La & T lat 78.1918 AU 115
2
/
1101 Oct'10 •
s
1920 J•J 110121125
lat gold tis
Telegraph and Telephone
'
112 190 07
1938,&-O
No of Cal guar g 6s
91
903 Sale 904
6
901 66 90
2
/
Am Telep Be Tel coil tr 48 1929 J.J
100 i'lle'10
Ore & Cal 1st guar g 66.1927 J J 1034
convertible 48...
1930 M. 108 108/ WS
8
2
1
1083 40/ 193 109
,
102 Jan'11. 102 1024
klo Facet Cal--66 I!:
1912 A•0 103
4
/
98
9911 98
118
Mich State Telep 1st Os -1924 F-A 99
i 98
1st gold Os F
1144-D90VA. • ....
1912 A-0 102
8.'39
1
/
4
903 sate 98%
YTelep 18t& gen / 42
119
2
/
64 981 994
..
110 MaY'07
lst oon g
-uar g 68
•N 1074
1937 31
keio Tel& Tells% Os
97.
1937 J-J
97•4 sett 971 9714175 1/7
2
/
93
84
90 J'ly'09
So Pau Coast. 1st gu 4s g.1937 J-J
99
9 109
9117 1197 Febill
6
West Union col tr cur 65 1103d J -J
6
4
93 100 1123 93
San Fran Tamil list 48-1950 A-0 924 Sale 112%
1
/
4
953
4 8 95
933
Ed and real eat g 44a 195u NI.N
954 9514, 95
4
1910 Deo'i0 .
6
Tex&AUdabLivIstg08.1912 1,1-S 1017
1946 X-N 1033
,1034 193% Jan'11
Cony 48,Series A
103 103'.
Con gold 68
11343 J -J 101 105 102 .Nov'09
.111bLE1LANEOUS BON DS-Uoncluded.
•
......
••••
••••
U
•••
•
••••
•••
•
••
•••
•
••••
21
••••
..
••••
.....
......
Manufacturing & Industrial
Manufacturing tic Industrial
2
/
4
36 1001 102
4
811 Va-Car Chem 1st 15-yr 58 1923 J.o 1913 Sale 1014 102
81
Gen Electric deb g 3128_1942 F-A 81
81 Feb'll
West Electric 1st 58 Dee 1942 J.J 101 sale lt1076 101
19 1004 101
1917 J-D 1601 sale 1491 161 **6.1 14614 151
2
10-yr g deb 5s
2
/
t 5s '31 J -J
93 sale 9212
93
24 91% 93
10312 10412 eieetueeitouse 14 Be
2
/
2
/
Int Paper Co 1st con g 158 191e F-A 103 104 1031 1031
Miscellaneous
1935 J -J
854 sale 861 883 12 84 87
6
4
/
Consul cony 8 1 g 5s
lex cot tr g 48
1945 ,114
902 90% 91
91
1 89% 91
6
1929
93 93 4 93
2
/
931 35 913 1133 Adams &Co 1st real eat4/
Int et Pump lets f 58
2
18'39 J-D 93, Sale 934
Armour
2
/
6
2
/
931 23 921 93%
9114 98
11
2
/
Litokaw Steel 1st g 58- 1923 A-0 971 1)8
99
4
973
1954 A-0 901 91
Bush Terminal let 48
91
2
/
90% '26 1)0
901%
2
1
Nat Enam Be Stpg let 5s 1929 J-D 95/ 117% 96 Sep'10
Consol 58
1950 J -J
2
/
2
/
961 981, 961 Oct,'It,
6
cony Os'28 51-14 103 104e l027 1027* 3 1027 105
6
N I Air Brake tat
954 105 100 May'li,
974 97% Chic J o & t Yard col g 58 1915 J -J
974
2
/
971 Feb•11
By Steel f3pga 1st s 1 58 1921 J -J
2
/
60
21031 Det31& Mltlgr mcomes 1911 A-0
/
35 Aug'10
2
/
1031
2
/
1034 1031 9 1031
Repub I Be S let& coltr 56 1934
s
2
/
instil for Irrig Wes 41 1943
116
2
/
96.2Nov'10
17 901 92
2
/
91 Sale 901 91
Union Bag & P Ist at 58_1930 J.J
2
/
Int Meroan Marine 418 1922 A-0 677 Sale 67%
68%
6
4
93
/
681 144 01
10 92
2
/
921 94
93
92
Stamped
79
79
1 78
797 811 79
2
/
6
1041
21041 jut Navigation let s 1 08 1929 F-A
/
2
/
2
/
2Jan'11
/
1041
13 Leath Co 8 deb g66..1913 3/1.1i 1041
2
/
92
91
4
Morris Be tio 1st 81 418-1939 J.J
90
,
2
/
911 913 913 Jan'11
2
/
891 89% 89
111)
2: 89
S Realty db I cony deb g58'24 J-J
60-yr hat g 4s .1951 F-A
N I Dock
91 Nov'10
88
91
85
85
85 Jan'll
U S Red & Ref let a f g 64.11)31
1957 ,vi.N
.gr.; 87
87
Providence Sec deb 48
87 bate 87
59 103 104
4
/
2
/
1031 bale 1031 104
U 8 Rubber 10-yr coil tr 63.'18 J
9612,9612
2
/
4
/
4
-jcoup .441963 1,141 1064 dale 1041 1054 209 1033 1054 Pub dery Corp NJ gen 58 1939 A-0 951 964 9614 Jan'11
U S Steel Corp
......
103 Aug'10
2
/
1041 1061 11 10314106¼ Wash Water pow 1st 68 1939 J•J 1011
4
/
4
/
131 10-60 yr 58. reg .41903 M-N
*No price, Friday; latest bid and asked this week. b Due Feb d Due Apr s Due bray g Due -Pm, it Due J'ly kDtte Aug oDao Oct p Due Nov sOption Seto
...... ••••••
0000
CHICAGO STOCK EXCHANGE--Stock Record -Daily, Weekly and Yearly
STOCKS
-HIGHEST AND LOWEST SALE PRICES
Baturday
Feb. 4
Monday
Feb. 6
Tuesday
Feb. 7
Wednesday
Feb. 8
*175 200 *175 200 *175 200 *175 200
*112 212 *112 212 *112 212 *112 212
*6
_ _ *6
*6
.. _
*6
_ _
93
*9112 93 *9112 -13
3:
*9112 9i *9112 25
2514 2514 2434 2518 2518 2518 25
9
9
9
9
*878 9
*8713 9
614
614 *6
614 *6
e0
614 *6
4
4
418
418
4
*4
418 *4
2012 20
20
20
20
*20
2018 *20
71
6912
*68
6912 *68
*70
71
*70
22 *20
22
21
*20
*19
e19
21
66
6512 6512
66 *65
*65
06
*65
*20
22 *20
22 *20
22
22 *20
Si
*61
62 *61
62
61
62
*61
70
*68
70
70 *68
*68
70 *68
10
1012 10
934 97
*10
1012 *10
8
*45
50
50
*45
*45
50 *45
50
Thursday
Feb. 9
Friday
Feb. 10
Last Sale 1855 Jan'll
Last Sale 112 July'10
4
4
*4
6
Jan'll
Last Sale 93
*243 2514 *243
4
4 2514
__9
9
Jan'll
Last Sale 9
*378 414 *378
414
*20
21
*20
21
Last Sale 70
Feb'03
Feb'll
Last Sale 20
66
*65
66
*65
Last Sale 20
Sep'10
*60
61
*60
01
*65
72
68
68
*9
10
*9
10
Feb'll
Last Sale 50
Sates
of the
Week
Shares
STOCKS
CHICAGO .STOCK
EXCHANGE
Lowest
Price
Friday
Feb. 10
Week's
Range or
Last Sale
Range for Previous Ysai
(1910)
Lowest
Highest
160 Oct 185 Meb
::12 Jan
112 J'iy
7l Jan
4 ..rly
109 Jan
UN Sep
36 Jan
1114 Sep
16 Jan
8 May
ula Jan
3 May
212 J ne
614 Aug
11/ ;an
20 Aug
773: Mch
69 Feb
16 Jan
25 J'ne
51 Feb
72 J'ne
15 Apr
23 J'ne
53 May 66 J'ne
5514 J'ly
7212 Jab
7 J'ly
548 Jan
40 J'ly 104 Jan
1334 Jan 11 1458 Feb 8
78 Jan 18 78 Jan 18
9212 Feb 10 94% Jan 30
.01 Jan 4 .04 Jan 3
633 Jan 6 70 Jan 20
4
47 Jan 18 47 Jan 18
4518 Feb 1 67 Jan 3
96 4 Feb 1 98 Feb 2
3
53r3 Jan
J'ne
82 Jan
6212 J'ly
240 Apr 261 Dec
1:6 J'ly 135 Apr
72 Feb
841E May
107 Aug 112 Jan
13114 J'ly 14218 Mch
31 J'ne
43 Dec
29 Aug
41 Dec
56 J'ne
74 Jan
46 Dec
55 Feb
Feb
1 Feb
3 Sep
3 Sep
41 Feb ,
2512 J15
7
110 May 137 Jan
142 Aug 163 Mch
1084 J'ly 12112 Jan
114 Jan
2 Jan
2234 Jan
1312 J'ly
82 Feb
7914 Apr
8212 Sep )2/ :an
.02 Dec .21 Dec
91 Mat.
53 J'ly
46 Jan
4312 Mch
6712 Dec
40 Mch
4
93 J'ne 1023 Apr
11714 Jan
123 Jan
11512 Jan
118 Jan
10512 Jan
834 Jan 3
7678 Jan 7
265 Jan 9
130 Jan 14
713 Jan 4
4
11014 Jan 6
14153 Jan 7
4012 Jan 23
392 Jan 19
68 Jan 14
51 Jan 30
41 Jan
115 Jan
15112 Jan
113 Jan
10 Jan 25
823 Feb 2
4
265 Jan 9
130 Jan 14
79 Feb 6
112 Feb 2
144 Jan 27
45 Feb 10
4312 Feb 10
73 Feb 9
52 Feb 2
4
3 493 Feb 6
25 123 Feb 10
6 15334 Jan 18
19 116 Feb 10
17
3
11
18
3
12512 Feb 2
126 Jan 30
117 Jan 13
118 Jan 18
1085
8Jan 19
101
118
104
112
103
184 Jan 3
119 Jan 11
10014 Jan 30
1 Feb 3
188 Jan 25
10212 Feb 1
6 Feb 3
7214 Jan 3
21 Jan 16
19234 Jan 31
121% Feb 4
10134 Feb 7
10 Jan 16
170 Jan 13
104 Jan 6
7 Jan 3
8178 Feb 8
25 Jan 27
148 Feb
11612 Aug
100 Dec
18634 Nov
122 Mch
101)53 Jan
155 J'ly
101 J'iy
514 Apr
186 Feb
106 Jan
15%Jan
15 J'ne
26% Dec
Aug 119 Dec
J'iy 125 Jan
Feb 145 Oct
Feb 123 Nov
J'iy 11534 Jan •
Chicago Banks and Trust Companies
Chicago Bond Record
InterJst
Po-loci
Highest
Id a:'roa cis
Chicago City Ity
100 185 Jan 11 185 Jan 11
__
6 Chicago & Oak Park_ _100
Do pret
100
4 Feb 1
4 Feb 1
Chic Ilys part ett "1"-- 93 Jan 21 93 Jan 21
183 Chic Rys part at • 2"..„ 2312 Jan 12 2514 Feb 3
245 Chic itys part at "3"___
878 Jan 23 10 Jan 28
____ Chic Itys part ctt "4"
100
260 Chicago Subway
378 Feb 2
412 Jan 3
100 Kans City Ely & Lt 100 20 Jan 30 2112 Jan 9
100
- Do pref
100 1912 Feb 1 22 Jan 3
1letropot W S Elev
Do pret
100 65 Feb 1 69 Jan 10
iiii
Northwestern Elev
100
_
Do prat
100 60 Jan 11 62 Feb 2
io
100 South Side Elevated_100 68 Jan 9 72 Jan 14
9 Jan 16 1012 Jan 4
130 Streets NV Stable C L..100
Do
pref
100 49 Jan 9 50 Jan 9
Miscellaneous
100
1,215 American Can
93
3 93
4
4
012 912
9 4 93
3
4
9 4 93
3
012 93
4
93
4 10
81
8112 8112 8112 8112 8214 8178 82
Do
pret
100
' 815 8158 8112 82
8
1,491
_ *270
- *270
_ *270
American Radiator_100
__
Jan'll
Last Sale 265
*_ _ _ _ 13
-.
0
*270- *_ _ _ 130 *_ _ 13
---- *_ _ 130
6
Do
pret
100
-Jan'll
Last Sale 130
79
79
76
76
*76
79
76
76
100
78
100 Amer Shiphuilding
78
78
78
*11112 112 *111 11212 *111 11212 *11112 11212
Do
pref
100
Last Sale 112 Feb'11
1 146 14612 *146 14612 *14512 146 *14512 146
,
Last Sale 144
Jan'11 ____ Amer Telep & Teleg
*4212 4412 *43
444 4312 4312 4318 4312 4312 4412 45
550 Booth Fisheries com
45
*41
43
42
43
4112 42
4118 4118 43
43
Voting Trust ctf
781
1
*71
73
*71
73
71
71
Do pret
71
71
-----___
--72
73
518
Cal & Chic Canal de D..100
---- ---- ---- - -Feb'll
Last Sale 52
_
-*1
118 *1
113 -----118 -----*1
Chic Brew'g & Malt g.
*1
.
Last Sale 1
118
Nov'09
*2
3
*2
3
*2
Do pref
*2
3
Last Sale 3
3
Oct'10
__ _
4714 4734 47
4734 4718 4834 4818 4934 49
4912 4812 4912 4:103 Chic Pneumatic Tool_100
11812 11812 11812 11812 119 11918 119 119
123
98 Chicago Telephone.._100
11934 120
*152 15212 153 153
15212 15212 15212 15212 15212 15212 ---- -33 Chic Title & Trust_ 100
_*11412 __ 11412 115
191 Commonw'th-Edison-100
11534 116
115 115
115 115 *115 116
Do rights
1414 1414 ____ ____ ____ ____
87 Corn Prod Rat Co corn..
*14
15
15
1438 1458 *14
Do
do
_.
Jan'll
Last Sale 78
2 ..
.
pref
94
283 Diamond Match
9212 9212
- 1 13
62
-12 -115f2 - -3- -H/4 lii- -OR( - 14 93
93
100
63 4
Do rights
Last Sale .0112 Jan'll
68
6'712 - - 6734 6778 -68 -6
8
68
6812 68 --68
100
391 Illinois Brick
674 6712
*48.. *46
...
Masonic Tempie
Last Sale 47
*46
__
__ *46
Jan'll
47 -47 47
474 48 19
47 17
48
252 MeCrum-ilowell Co...100
50
49
50
P.__ 98
95
96
98
97 *95
9512 97 *95
Do pref
9712 97
12
180
-__ ____ ---- --- --- -_ -- ___- ____
Last Sale 218 June'07 _.. 1111w & Chic Brewing..
Ii___ 21 *_, 21 *__ _ _ 21 *__ 21
Do pret
Last Sale 20
Nov'09
*12412 125 *12412 12512 *12412 12512 *123 124 *122 124
100
123
123
50 National Biscuit
*12512 127 *12.5 130 *125 130 *125 130
Last Sale 123
Do prof
100
Jan'll
Last Sale 117 Jan'll
National Carbon
100
Last Sale 118
Do
pref
100
Jan'll _--- 3*H152 1g- jai; 1.ff8 loi- 10f1- la" 10714 106 4 1067 10678 10714
-- 2
3
8
790 People's Gas L&Coke.100
- ---- ---- ---- -_-- ___- ___
Do rights
Last Sale 11-16 Meh'09
1UI! 165.12 191 19114 191 191 19034 19112 19034 19114 19034 191 __ - - Sears-Roebuck com__100
809
121 121
12114 12158 12034 121
121 121
Do pref
100
121 121
121
314
121
100 8 100 4 10C178 10118 1007 10134 11)13 101% 10114 10112 10114 10114 2.941 Swift 63 Co
3
3
8
8
100
1
4
Do rights
2,3543
iii 1662 HOC! 166i32 167 167
*165 167
7
. . 197 The Quaker Oats Co.. 100
Hi iiii
____
_,
*10212 10412 *102 10412 102 10212 *102 103 *102
12
100
12
3 Do pref
103
6
6
6
6
*6'4 -614
3
_
.
312 Unit Box Bd & P Co_100
6
6
618 618
8012 8112 8112 817
5
8118 3.900 United StatesSteel corn__
80 8 8134 -81% 8 805* 8134 80 8 81
7
*2312 2412 *2312 2412 *2312 2412 *2312 2412 2312 2312 23
100
23
lit Western Stone
BONDS
CHICAGO STOCK
EXCHANGE
Week ending Feb. 10
Range for Year 1911
B'els
Sold
Range
for
Year 1911
NAME
Outstandlug
Stook
t
Surplus
and
Profits
T
Dividend Record
In
1909
In Per- Last Paid
1910 lad.
%
Bid
Ask Low
High No. Low
High Calumet National
$100,000
$43,936
6
8
An Jan '11. 6
Amer Straarb'd 1st 6s_1911 F - A --___ 10012 Jan'll ____ 10012 10012 Chicago City
500,000
220,028 10
10
J-J Jan '11, 5
Armour & Co 4 148_1939 J - D
Conti'tal & Comm Nat 20,000,000 9,722.053 ____
____ Q4 Jan '11, 212
925* 93
935* Feb'll _
Booth Fish Co Deb G 5s'17 j - J t 93 Sale
Corn Exchange National 3,000,000 5,569,320 12
9215
9018 93
93
6
16
Q-J Jan '11, 4
Booth Fiske() Deb G5s'24 J - J t 93 Sale
Drexel State
200,000
9212
93
11
31,317
9
90
93
8
Q-J Jan '11, 112
Cal 63 So Ohio Ely Co
600,000
Drovers' Dep National_
414,934 10
10
Q-J Jan '11, 212
lit M 5s
1927 to - A
200,000
102 J'ne'09
Englewood State
41,195
6
Q-J Jan '11, 112
6
Oass Av 63 F G (St L) 5s 12 J - J
10114 Oet'09 _-__ __ __ First National
10,000,000 11,011,772 12.3
122 Q-M Dec 31'10,3u
Ohio Board of 'Trade 40927 J - D -------- 100 May'07 ____
___
_
150,000
_
First Nat Englewood
181,967 10
10 Q-M Dec31'10.211
Chicago City Fly 5s
1927 F - A t1023 1iii 1025*
1024
508,578
4 6 10218 f02 8 Foreman Bros B'k'g Co_ 1,000,000
Priv ate Ba nk
7
Ohio Consol Br & Mit 6s...... J - 3
03
423,646
8
Apr'04 -- __ __ Port Dearborn National 1,500,000
8
Q-J Jan '11, 2
Ohio Consol Trao 434* 1939 J - D ---------50
Apr'09 --- _ __ Hibernian B'k'g Ass'n__ 1,500,000 1,003,633
8 8+2
Q-J Jan '11,2:
Ohio Auditorium 1st5s1929 F - A -------- 9634 Jan'06 ---- __ __ liaspar State Bank__
200,000
162,441 10 10+15 J-J Jan '11, 5
Ohio Jo itit lit Mg 58_1945 ),1 - S -------- 9412 Dee'09 --- __ ____ La Salle St National __ 1,000,000
263,162 Beg. b us. Ma y'10 V.90, p.1277
Ohio No Shore Elea 68.1912 A - 0 -------- 87
Live Stock Exch'ge Nat 1,250,000
Feb'06
511,617 10
10 Q-M Dec31'10,212
Ohio Pne Tool lit 5s-a1921 J - J 90 Sale
Monroe National
300,000
875*
90
3
65,714
4
4
Q-1. Feb '11, 1
875* Ili
Ohio Ry 58
19
1- 1927 ' A 9778 Sale
9734
98
975* 9812 Nat Bank of Republic
2,000,000 1,278,766
8
8
Q-J Dec31'10,2
Ohio Rys 4-5s series "A" A - 0 t__ 9434 9434
9434
2
r1,500,000
6
6
9434 943
418,761
Q-J Jan '11, 112
4 National City
Ohio Rye 4-5s series "B" J - D 844 Salo
8312
8418 58
8218 8418 National Produce
250,000
84,695
3
4
Q-J Jan '11, 112
Chic itys 4-15s series "C" F - A t 86
9012 Melf10 -_ _
North Avenue State_
90
200,000
73.808
534
634 Q-J Jan '11, 134
Ohio Rya coil 8s_..1913 F - A t1.00 10014 10014 Jan'll -99% 10014 North Side State Say'gs
50,000
6
Q-J Jan '11, 112
29,746
6
100
;
Ohio Rya Fund 6s 1913 1-- - A __
Jan'll ---- 100 100
North West State
200,000
21,320 _4
Q-1 Jan '11, 14
Chic Rys Tern Ctfs 1st 5s
10018 Apr'08 ---- _ __ People's Stk Yds State_
300,000
103,992 ---0-I Dec31'10,2
7
Ohio III & P RR 4s_..2002 M - N ____ ____ 6612 Aug'08 --__ __ ____ Prairie State
0 Q-M Dec30'10.14
500,000
77,207
6
Collat trust g 5s-__1913 al. - S --- ___ 6(34 July'08 ___- --- Railway Exchange
250,000
34,450 None None -- Jan 'OS, 2
Ohio Telephone 5s____1923 J - 1)13..... 1021 102
Jan'll ---- 102 10214 Security
-31/0,000
193,493
134
434 1.2-.1 Jan '11, 112
Commonw-Edison 5s-1943 ,11. - S
Sale 10114
101% 54 10C178 10138 South Chicago Savings.,
200,000
92,000
6
734 Q-J Jan '11, 2
-1007 Noy'10 ---3
Ohio Edison deb 6s_1913 J - J ----_
South Side State
200,000
8,761
6
Q-J Jan '11.112
134
1st g 58-_July 1926 A - 013100
__ 100
Jan'11 --- 100 100
State Bank of Chicago_ 1,500,000 1,868,350 12
12
Q-J Jan '11.3
Debenture 5s...._1920 Al - S _
10038 Aug'09 ---- __
Stock Yards Savhigs
250,000
_
186.970
8
8
Q-M Dec31'10.2
Commonw Elect 5s51943 VI - 6 :1003
4 ___ 10034 Feb'll ---- 1003 100 4 Union Bank of Chicago200,000
41,261
6
6 M•N Nov '10, 3
4 - 3
DIA MatohCon dbIls T r
:10214 10212 102%
10212 2'7 10012 102 4 Washington Park Nat'l
8,604 See V. 90. p. 159
100.000
3
Illinois 'Tunnel 55........1928 J - D
80
50,000
Wendell State_ _
Dec'08 ---8,719 None None Q-51 Dec31'08.14
Light
Kan City Fly &
Central Trust Co of Ili- 2.000,000
963,356
7
754 Q-J Jan '11, 2
1913 H - N ----- 96% Jan'll
Co 5s
6
98ss 965* Chicago Say Bk & Tr.__ n500,000
110.331
6
Q-J Jan '11, 14
973
4
Kniok'b'ker Ice lit 58.1928 A - 0 t 98 -99
9734
6
6
9714 973 Chicago Title & Trust._ 5,000,000 11.627,998
734 Q-.1 Jan '11,2
4
7812
1928 J - J '784 Sale
7812
Lake St El-lit 59
Citieens'Trust & Savings
50,000
4
8.045
8
A-0 Oct 9'10, 3
77
50
___
1925 Fob
16 May'05 ---- .- ---- Colonial 'Trust & Savings
Income 531
600,000
447,918 8+2 8+2 Q-J Jan '11. 213
Metr W Side 821
Coat 63 Comm Tr & Say_ 3,000,000
434.527 -,- ........ ---- .......83
1933 F - A 83 Sale
1st 48
18
8214 8354 Drovers'l'rust&Savings
83
200,000
131,870
Jan '11,2
8
8
1938 J - J t 79 -80 Feb'll - Extension g 4s
Farwell Trust Co
1,500,000
7814 80
109,458
6
Q-J Jan 11, 112
3
4 First Trust & Savings._ 2,600,000 3.164,586 16
903 918
4
- 9112
9112 13
Morris & Co. 4 34
1939 J - J 9112 Sale
12 Q-M Dec31'10,4
North Wait El 18E45_1911 It- S t 98% 981/ 95115
9618 9824 Guarantee 'Least 61 Say_
200,000
23,829 Imam orated 1908 V.87,9.1135
98 4 40
3
_ - 99
No W G-L .33 Coke Co 153128 Q - M _
Harris 'Trust & Savings_ 1,250,000 1,502,268
Apr'10 ____ ___
1)54 11+5 Q-J Jan '11,3
1946 ,n - N t 9234 - 925*
Ogden Gas 5s
93
92 8
7
q Jan '11.4
3
92; - 4 Hill:Iola Trust de Savings 5,000,000 8,387.214 18+4 16+4
981Pearsons-Taft 5.1
200,000
1916 J - D 9812 ....- 10038 Meh'09 _-__ _ _ ___ lienwood Trust is Savgs
56,962
Of 7+1% Q-J De31 10.1349
.
4.403
200,000
IL - S 95 --- 9612 Mon'10 -- _Lake View TrustasSaygs
42,714
5
634 Q4 Jan '11, 112
4.603 Series 11
Ad - N 98 --- 97
P'eb'10 ---- L
.
12
::
Q-J an '11.3
.. Merchants' Loan&Tr Co 3,000,000 6,084,164 12
M-N
12 --984 Moh'l I __
750,000
4.808 Series F
____
MetropolitanTrust&Say
237,064
6
8
Q-.1 Jan '11, Hs
--- 1215* May'09
200,000
Peo Gas L & 0 lat 63:.1943 A - 0 Miohigan Ave T: Co
60.665 Beg. b us. Oct 29'1 0v91.p.1221
Refunding g 58........1947 M.- S 1310158 102
10178 Feb'll -- ____
1,500,000 2,455,1351
Northern Trust Co
8
Q-J Dec31'10.2
8
72.600
6
200,000
Ohio Gas L&C let 50937 J - J t103 10312 1034 Jan'll _- 10112 101_7
- North-Western Tr&Sav
8
6
J-J Jan '11. 4
Consum Gas let 53_1936 J - 1) :101 10112 101
Dee'10___ 10314 103 2 People's Tr is Say Bk.
500.000
158.159 Beg, b us.Dee 1'10 V. 92. p.90
,
g
3
236,977
300,000
Mut'l Fuel Gas 10581947 M - N t__ 10112 100 4 Oet'10 Pullman Trust & Savgs8
Q-J Deo31'10,2
94
south Side Elev 4343.1924 J - J t 9312 94
i 66 ii Sheridan Tr & Say Bank 200.000
94
21.435 Beg. b us.rly 12'0 9 V.89.9.141
0012 10012
Swift & Co lit g 5s--1914 J - J
1 Sale
1.0000 i i
8 1910
8 100 100
262.638 Comm mead bus.
12 toStandard Tr & Say
_
38,7 •
Apr'10 __ _
200,000
Union El (Loop) 5s-1945 A- 0 ------ -88
Stockmen's Trust is Say
6
534 34
'10, 3
70
Apr'l
1.200.000 1,215,487 4+2 6+2 444.1 Deell'10.11
United Box Board cot 6.3'26
t ii
Union '1'rust Co
J - J t 61112 603
nage As
66 Fels'll _--- IV' 19" West's' Trust & Savings 1
General
6
6
Q-J aa '11, 14
146.2
854 July'08 __, __ West Side Tr&SayBank
Wtern Stone Co 513_1909 A • 0 _
200,000
es
121,
-......
6 Q
-M D8031'10,2
waesiaw. TrAsSavBan.3
200 000
LA t
1
71,L C1-I lAn 'iii
Note.-Accrued Interest mist be added11 Chicago b ond nrices.
* Bid and asked prieeig ao sales were nude on this day. t Jan. 7 (sloes of'bushman for eauorou banks and Jim. 9 (opening of bealoase for State loirtftatIonsi
bNo pd., radar latest priee this week. a Due Dee. 31. 9 Due June. k Also 20% in stook. a Capital and surbitts to be inalwasod.
Dividends ale 9 4 0 4
1111 1extra payments Q-F. r Propoeltfon to increase capital to $2,000.000 ratified Jan. 10. Bee V. 92. p. H. s In addition the
et 4% mom shoe trot;
•
Trust dg Savings Bank, 1 Dee. 311010, is In addition the equivalent of I% came from First Trust Is Savings Baal.
a An extra payment of 1M% was nada
14 1910. to See V. 91: p. 1551; 72. 17. *Nos'. 10 1910. y Noy. 11 1910. s An extra dividend 01 2% was paid Dee. 20 1910.
BOSTON STOCK EXCHANGE-Stock Record, Daily, Weekly and Yearly
SHARE PRICES-NOT PER CENTUM PRICES
Saturday
Feb. 4
Monday
Peb. 5
Tuesday
Feb. 7
Wednesday
Feb. 8
Thursday
Feb. 9.
Friday
Feb. 10.
Sales
of the
Week
Shares
STOCKS
BOSTON STOCK
EXCHANGE
Range Since January 1.
On basis of 100-share lots.
Lowest.
Highest.
Range/or Precious
Year (1910).
Lowest.
Railroads
0112 fly
94 Atch Top & Santa Fe.100 10218 Jan 5 10778 Feb 9
10714 10714 1067 107
10714 .10714
8
4
4
10814 10814 1063 1083 *10612 107
0713 Aug
10118 Jan 3 10318 Feb 1
lbo pret
102 4 1027 *10212 103 *10212 10314
3
13
8
*10212 10312 *10212 10312 *102 103
100 22312 Jan 4 225 Jan 14 218 J'ne
106 Boston & Albany
22412 22412 22412 2245 22434 2247
22412 225
8
8
22412 22412 22412 225
100 x12713 Feb 3 12973 Feb 1 z122 Aug
210 Boston Elevated
128
4
12813
12712 1273 128 128 *12713 128
128 128
128
*12712
100 207 Feb 1 216 Jan 4 200 J'ly
210
20 Boston & Lowell
210
209 209
212 212 *209 211 *209 211
*__ 218
100 11534 Jan 11 12114 Feb 9 3118 Dec
121
120 121
12114 1,175 Boston & Maine
8
8
1193 1193 11914 11912 11914 11938 11038 120
Oct
14 Boston & Providence_100 295 Jan 10 298 Feb 8 i'8.5 J'ne
298 298 *295
295 295 *295 ___ 298 298
*295 ---14
Boston Suburban El Cos_
15
*15
16
Dee'10
*15
16
Last Sale
16
*15
16
*15
70 J'ly
Jan 6 72 Jan 26
72
Do pret
Jan'll
Last Sale 72
*7112 -_ *7112 *7112 ---- *7112
8 Mch
Boston & Wore Elec CCs.
14 Oet'10
Last Sale 10
9
9 **....35 Aug
3812 Jan 3 40 Feb 1
Do
pre(
-51
40
40
40
*40 _ _ _
40
_ _ *40 ___ _ *40 ____
*3912
6 158 Jan 16 139 Sep
45 Chic June Sty & USY _100 157 Jan
158 158 *158 160
*158 160 *158 160 *158 180
100 110 Jan 5 11212 Feb 8 109 Oct
112
112 11212 11212 112
12
112 112
12 112
*112 _--- 112 112
126D ectlC et River
i rut
100 265 Jan 31 265 Jan 31 280 Oct
Connecticut
Last Sale 265 Jan'll
*__ 275 *___ 275 *265 275 *265 275
100 12612 Feb 4 130 Jan 4 12414 Sep
"i5o Fitchburg, pret
128
128
12712 128
128 128
12712 128
127 127
12612 127
290 da lty & Electric
100 11712 Jan 23 12412 Fen 10 104 Jail
12212 123
123 12314 12413 12412
122 122
123 123
*121 123
85
o p b tral
144 ti fle Ceret
87
100 8713 Jan 18 8812 Jan 6 202 Apr
88
*86
88 *86
*86
88
88 *____ 88
88
Feb
216 Jan 18 215 Jan 18
Jan'll
Last Sale 216
*213 215 *213 215 *213 215 *213 215
1414 J'ly
09
190 1712 Feb 10 19 Feb 1
595 Mass Electric Cos
1712 1713
1812 1812 1812 18
18
18
18
*18
1812
75 J'ly
100 8334 Jan 9 88 Fe° 2
Do .loref
72
8713 88
12 8758 88
88
8712 8712 8712 87
*87
8714 87
15014 1,159 N Y N /1 & Hartford_100 14812 Jan 23 151 Jan 3 140 Apr
150
14914 150
14944 150
150 15014 150 15014 14973 150
2 Northern N H
100 139 Jan 13 14034 Feb 6 139 Deo
14034 1403 *139 141 *140 141 *140 141
*140 141
4
Norwich & 'Nor pret_100 210 Jan 26 210 Jan 26 210 May
210-- JaWii
Last Sale
*210 21218
*210
*210
5 Old Colony
100 18312 Jan 30 189 Jan 3 18114 Seri
189
186 186 *186
187 187
187 187 *186 189 *186 189
25 May
Rutland prat
100 32 Jan 28 34 Jan 31
Jan'll
Last Sale 34
35
*30
35
*34
36
*34
35
*34
/00 x106 Jan 6 110 Jan 17 103 Aug
10912 --jo Seattle Electric
*109
110 110 *10912 11013 *10912 11012 *10913 11013 *10912 _ _
9834 Auv
Do pret
61
100 10012 Feb 7 10234 Jan 9
10012 10012 10012 10012
*10012 10112 *10012 10112 10012 10012 *100 101
15314 J'iy
754 Union Pacific
100 171 Jan 3 18078 Feb
18014
58
179 179 4 180
3
8
1795 180
18014 1807 180 18012 17912 180
8
8114 J'ly
pret
Do
100 9258Jan 12 9413 Feb 10
4
9418 9418
*9312 94
*9312 94
*9314 94
933
* 4 9414 *9314 94
151 Oct
Vermont & Mass
100
Last Sale 15712 Dec'10
*157
*157
*157
*157
83 Sep
50 8912 Feb 1 9278 Jan 11
-172 east End St
92
92
92 92
92
9212 92
92
9114 9112 9178 92
09 J'iy
Do
50 103 Jan 4 105 Jan 10
91
4
10312 10312 10312 1033
*103 105
*103
104 104 *104
c
Mrsreerllaneous
18 J'ly
4612
3 521 4
5138 5178 5113 5113. 1,556 Amer Agricul Chem_100 99 Jan 6 10313 Jan 31
5112 5134 5134
5214 51
5118 5112 51
0812 Deo
Jan
Feb 7
Do
pret
100
801
10312
10312 10312 103
10212 10212 102 10214 10214 10312 10234 103
4 Deo
61,Jan 20
20 Amer Pneu Service_ 50
41, Jan 4
12
5
12
5
6
*5
4 *512 6
614 *534 6
*6
4 53
53
1334 Deo
50 14 Jan 3 1914 Jan 31
1612 16 4
3
1734 1813 17
*17
18
*1714 1734 *17
12 18
*17
111 Oct
3
Do Prei
234
421 Am er Suga r Henn_ _100 113 4 Jan 5 12412 Feb
119
4
1193
119 11912 119 119
4
11934 1193 11014 1193 119 120
4
Do
pret
1113 Jan 5 119 Feb 2 11134 Oct
4
11812
285
118 11838 118 11812 118
118 1183 118 118
4
119 119
0
9
14538 145
53 14513 14558 3,088 Amer Telep & Teleg_ _10° 140 Jan 3 14056 Feb 3 12714 J'ly
146 14613 14512 146% 14558 14578 14514 146
26 J'ly
American Woolen.__.,i00 31 Jan 4 3318 Feb 2
3318 Feb'll
Last Sale
Do _Tref
Feb 8
Jan 3
051
9512
4
,
6112 9473 -5:172 .051- "63 95 *10 0534 *10 9534 95 9512 -658 Atl OW/ &WISS L_100 9134 Jan 17 9534 Jan 25 9012 Dee
34
7 Mch
814
1012
9
1012
1012
10
10 10 10 10 10
Do pret
May
4
100
2534
*25
25
25
2512 2512 25 25 25 2514 *_-- 25 25 Sale 612 Jan'll 483 Boston Land Teleg_1010, 22 Jan 13 20 Jan 31 16 J'ly
412
512 Jan
612 Jan 26
Last
812
812
812
Camb Telep et
14514 Jan 10 160 Jan 4 138'e J'ly
148 148 *148 150 *14814 150
*14612 148 *14634 ---- 148 148
680 East Boston Land
713 Apr
938 Feb 9
714 Jan 18
918 918
918 938
,
94
914
9'4 *918 914 *918 914
9
47 Edison E'ec 111 uno___100 2873 Jan 24 29212 Feb 3 231 Jan
4
291
291
291 291
291 291
292 292
*291 293 *291 292
129 General Electric
100 15018 Jan 12 15558 Feb 10 135 J'ly
15412 15412 1543 1543 15558
4
4
154
15412 155
8
15453 1545 *154 155
3 093 MassachusettsGasCos 100 87 4 Jan 3 94 Jan 20
,
7614 Feb
3
3
12 9258 9212 9212 9214 92 4 9258 9318
92 4 92 4 9214 923
0
3
3 92
pret
89 May
100 95 Jan 3 97 Jan 19
9613 0613
97
97
3
96 4 97
9812 97
96
*96
9634 97
7 Do
8
2 Mergentraler Lino_ _ _100 211 Jan 4 220 Feb 7 21212 Dec
220
220
21812 21812
218 218
219 220
218 218 *218 220
234 Jan
4 Jan 25
478 Jan 31
200 Mexican Telephone... 10
478
4 *414
3
4 4 43
*412 478 *4
478 *412 478 *412 478
56 N E Cotton Yarn
100 110 Jan 3 11512 Feb 4 107 Sep
115
11512 11512 11512 11512 *115 11512 *115 11512 1102 115i2 115
Do 'pret
9912 Aug
100 106 Jan 3 11312 Feb 8
70
113/2 11310 1 1312 11812 *11278 113
113 113
113 113
113 113
193 N E Telephone
100 137 Jan 14 191 Feb 7 12112 Aug
144
142 142 *142 144 *143
141 142
140 140 140 140
25 Pacific Coast Power. 100 96 Jan 9 9912 Feb 7
1/314 Nov
*9912
12 9912 *9912 ____ *9912
*9912 -- *9912 ____ 99
245 Pullman Co
100 159 Jan 3 163 Jan 30 153 J'ne
- 8
7
160 8 1607 160 16014 160 16013 16012 111
16012 161 *160 181
20 Iteece Button-Hole_ 10 x12 Jan 5 13 Jan 18
1114 Jan
1312
13% *13
1358 *13
1333 *13
*13
8
13
155 *13
•
736 Swift & Co
•100 100 Jan 26 10134 Feb 8 101 Jan
4
101 10112 10112 1013 10114 10158 10114 10112
3
10012 100 4 10012 101
30 Feb 1 36 Jan 3
28 Mch
712 Torrington
3114 3114 3114
31
31
31
3
3012 30 4 3014 3012 3034 31
27 Jan
25 28 Jan 4 29 Jan 17
pre'
Do
52
2812 2834 283
4 2812 2812
*2812 29
2878 2878 2812 2812 *28
100 186 Jan 18 19212 Jan 19 10512
644 United Fruit
3
189 4
3
189 189 4 189
189 190
19112 192
19034 19112 190 190
4
463 J'ly
.
1 638 Un Shoe Mach Corp,_ 25 5414 Jan 13 5812 Feb 3
57
5714 5712 5712 5734 57
,
,
57 4 57 4 5712 5712 57 57
2514 J'iy
2814 Jan 3 2914 Jan 31
pret
Do
493
2914 2914
29
29
29
29
2914 29
2914 2914 29
29
6138 J'ly
100 7138Jan 3 8218 Feb 6
4 .
8012 8112 8114 813 18 517 U 6 Steel Corp
8014 8112 8118 8218 8034 815
3
8 80 4 8114
100 11634 Jan 3 12012 Feb 2 111 J'ly
150 Do pret
119%
118 118
11912 11958 119 11958 119 11918 1/9 11914 119
14 Feb
960 Vast Telep & Teleg_10l, 1612 Jan 17 2314 Feb 6
2014
2012 2012 20
22
2212 223
4 2212 2314 2212 2212 22
81 Aug
Do
prat
100 89 Jan 23 97 Feb 3
66
96
96
96
95
9412 9412 *9412 9612
97 *95
97
97
Alining
480 Adventure Con
25
4 J'17
7 Jan 5
513Jan 27
612
12
6
12
612 8
6
6
612
614 612
5
47 Aigomah Mining
612 612 *6
64
6 Jan 24 63
__25
734 Dec
ae
,72 Feb 3
3
74
734
8
8
3
74 8
8
8
8
8
814
8
35 A HOUCZ
31 J'ly
25 3412 Jan 26
35
*33
35
*34
35
35
36
*34
36
36
36
5514 illy
5
Copper 100 61 Jan 3
5
6478 85 8 65 4 6814 9
3
3
6512 6612 85 8 66
6638 6638 67
6334
9
'1V) Am 'Zinc
1112 J'ly
4 2412 2412 2412 2412 2412 2413 4,500 Arizona Lead & Sm_ 25 23 Jan 27 2534 Jan 7
2514 2434 243
2
25
23
12'4 May
Commercial_ 25 13 Jan 12 15 3 Feb 10
,
3
8
3
1514 15 4 1434 1514 1518 1538 1514 15 3 1538 15 4 1512 157
,
470 Atlantic
5 J'no
25
4 Jan 5 .5,14 .Te b 18
5 Feb 2
412
412
412
412
412 412
458 *412 5
458
5
*412
.50 Meh
Bonanza Dev Co
10 .50 Jan 5
Last Sale .50
*,50 .60
Jan'll
*.50 .55 *55 .60 *.50 .60
10 May
5 1112 Jan 13 1334 Feb 3
*1212 13 *12/ 13
1
.
*1212 13
230 lios&CorbOop&Silltig
13
*1314 133 *13
13/ 13
4
412 Nov
085 Butte-Balakiava Cop_ 10
812 Jan 14
512 512
412 Jan 30
51
512 558
47
6 RI
478
8
12
5
*5
12 512
5
,
15 i8 J'ne
.
15 1734 Jan 16 1934 Feb 6
19
19
21834 1834 1 115 Butte Coalition
19
19
19
1912 1912 19 4 10
19
3
4
443 J'ly
10 46 Jan 19 55 Feb 3
5334 5312 5312 2.099 Calumet & Arizona
5312 53
5334 53
5314 543
55
4 53
54
28 Calumet & Hecla
25 500 Jan 12 545 Jan 4 500 J'iy
520 525
525
525
520 520
*520 525
520 525
*515 320
1312 J'ly
245 Centennial
25 1112Jan $0 1512 Jan 4
1212 1112 12
1212 1212 1212
12 13
12
12
12
13
*12
.04 J'iy
150 Cons Mercur Gold
*,95 .07 3,3)4
1 .05 Jan 6 .00 Feb 7
.0
.06 .06 *.05
.05 .05
.03 .08
•
68 Feb
684
ge Con Co 100 6612 Jan 3 6934 Feb 2
6712 88
68
67 137 4 *67
-368
68
69
69
83
6 4 69
312 Sep
312 Jan 3
20
3 Feb 8
312
3
3
190 Copperoaiy-West
314 *3
314
3
*3
314 *3
*3
314
014 J'ly
2
10 11% Jan 11 .2 314 j.e 6
0 Feb 2
1
4 12 8 12 8 2,737 East Butte Cop Min
5
5
3
1278 1318 1214 12 4 1234 123
1278 13
1234 1318
.05 Oct
.15 Jan 30
Elm River
Last Sale .15
*,15 .20 *,15 .20
Jan'll
*.13 .20 *.35 .20
9 Dec
25
7 Jan 21 e1018 Feb 6
Franklin
10
10
10
10
3
3
9 4 9 4 10
1018 10
el0
3
74 8
6 J'ly
014 Feb 11
818 Feb 6
614 634 63 6 11-16 208 Giroux Consolidated_ 5
1:,2i1.55a
778
7
8
4 73
63
12 8
7
4 818
73
10 .Ply
4 35
343
35
35
560 Granby Consolida ted _100 30 Jan 26 4013 Jan 4
35
35
36
36
38
3614 35
33
638 Sep
20 31848 Jan 31
7 Jan 9
612 2, 0 Greene k ena so a
612
034 tiancoc etio nne
3
3 6 8 55-186j/
63
n
83
3
4 87
612 6 4
8
7
3
6 4 68
143.! J'Iy
Ildated 25 18 Jan 24 12214
20
20
20
20
20
2014 20
2018 2018 20
2014 20
134 Oct
25
4
b 6
n 9
1 Jan 20 1378
14
490 Helvetia Copper
114
13
4
114
1% 153
1
4 2
13
3 *134 2
4 17
*13
10 J'ly
25 1114 Jan 30
4
988 Indiana Mining
*1212 123
13
13
13
1338 13
1312 133
4 1312 137
8 13
3
30 4 Dec
1 3112 Jan 30 34 Jan 9
356 Island Creek Coal
3214 32
32
12 *32
3214 3214 3214 32
,
*33 4 3312 3212 3212
8414 Nov
Do pret_,
8
479
10
1 87 Feb 3 00 Jan 9
8712 877
8 873
4 873
4
8712 88
12 88
14 873
87
4
4 873 873 *87
4
13t, May
25 13 Jan 30 131:.jn 4
61 Jan 3a
Isle Royale Copper
*1312 14
*1313 14
14
14
14
*14
1412 1414 1412 14
25
Co
20 Sep
5
ew
cre
778 Jan 11
3
6 4 Jan 4
7 T 1-16 3:800601608 akreeLsoakpwep
1
718 714 78 7 3-18 7 1-16 73-18
714 714
74 714
1
.
3 J'iy
Copper.__ 25
2 Jan 28
212 212 *238 2 4
3
13
2
212
212 212 *214 2 4
3
3
214 2 8
Lake Copper
2613 J'ly
3314 Jan 27 371 Feb 3
.
36
36
36
3614 3812 36
37
3714 3658 3714 3834 37
614 Deo
25
808 La Salle Copper
414 Jan 5
Jan 3
412
414 412
412
414 4%
8
43
4 *414
414 41
3
414 4 8
.
414 Men
25
190 Mass Congo!_
7 Jan 17
8 Jan 3
8
714 714 *714
3
74
*WI 8
778*___ _
778
714 714
26 .37 Jan 21
550 Maytlower
1 Jan 26 .35 Oct
.85
.80
*.75 .90
.90 .90 *,80 .90 *.75 .90
.80 .90
10 .03 Jan 13 .25 Jan 16 .01 Nov
.
2 300 Mexico Cons M & S
2038
6
.15
.14 .14
.25
4..14 .18
.14
.14 .15
5 1858 Jan 28
17 J'ly
Feb
2014 2038 2058 20
2614 214; 2033 2038 2014 2014 2012 2012 3.488 Miami Copper
25
314 Dec
445 Michigan
212Jan 26 43 ,2 Jee 7
;2 an 4
5
3
3
3
3
*2 4
3 3
3
314
3
*2 4 3
3
*2 4 3
25 43 Jan 30
43 J'ty
43
4312 4312 4412 4412 43
44
44
44
45
Oonsolidated_
213
1.435 Nevada Consolidated. 5 1838Jan 5 1934 Feb 8
1738 J'ly
1912
*4.5- _- - 1912 193
19
4 1934 193
4 1914 1912 1914 1914 1914 193
5
311 fly
234 Jan 17 1314 Feb 8
138
9
255 New Arcadian Copper 25
4312 4
4
*812 4
*312 4
42 312 *3
3
3
12 3 4
3
1012 Jan 3
934 Jan
9135111g Mines
343608
1078 1078 1034 11
1113
1078 107
1118 11
8 11
1078 11
15 26 3 Jan 30 303 Feb 9
eitu B u tte
,
18 J'ne
,818 North Lake
1.
2913 3018 297 3012 2912 3018 2912 293
8
4 2912 2934 2912 30
25
614 Dec
812 Jan 20
734 Jan 9
7
7
7
678 7
7
7
7
5
6s
612
3
4 64
63
25
5 Jan 17
6 Sep
7
1 l
718
7
718
718 Feb 9
4
490 Oi lbWay Mining
612 63
7
7
7
7
3
64 7
25 .50 Jan 5
1 Jan 26 .25 Anil
191 Old Colony
*.50 .90 *•50 .90 *•50 .90 *50 .00
.90
.60 .60 *.50
25 38 Feb 10 42 Jan 13
2912 J'ne
Ol
O dd Dominion Co
4078 4078 40 8 4112 40
38
7
4012 *4012 4112 4013 4012 38
23 107 Jan 13 124 Jan 3 114, J'ly
68 Osceola
108 108 *101 110
110
108
109 109 *107 110
109 109
11 Dec
1
4 Parrot Sliver & Cop_ 10 11 Jan 26 1234 Feb 2
*1213 1312 *1212 1312 12
*12
12
13 1312 *1212 1312 *1212 132
25 85 Jan 25 71 Jan 3
J'ly
68
8812 88.12 89
70
6812 88
69
*56
*67
69
69
10 16 Jan 27 185 Jan
1514 CIF
71 llulme
825 Qay jortsol Copper
18
1734 1734 18
1713 1713 1713 1744 *1712 177 *1713
173.1
Santa Fe Gold & Cop_ 10
118 Jan 27
114 Nov
112 Jan 5
Feb'll
Last Sale 133
3 *114 13
4 *114 13
8
*114 13
8 *114 13
10 11 Jan 12 121 Feb 2
4
83 J'ly
755 Shannon
12
1214 1134 1178 *1112 1144 1134 1134 1158 115
12
12
375 South Utah 31 & S___ 5 .80 Jan 18 4238 Feb 3
1 Dec
1 Je b 1
1
.96
1 *.95
1
.95
.98 .98 *.90
1
1
0.95
25 36 Jan 20
36 J'iy
*37
38
14 38
*37
38
*37
*3634 3731 *3634 3712
3713 38
& Boston Min 10
4 Jan 10
458 Dec
6 Jan 7
438 438
412
414 414
8
43
414 414
14
414 414
414 4
22
452°'3P r
9 5 Su eer g r&PItts Copp_ 10 1312Jan 3 153 Feb 3
4, 2 Supelor
J'ty
15
8
1434 1473 15
3
4
131 16% 1514 15 3 1518 1514 1478 15
5
ame
00
174 u inra
1.768 "ras s c Ret a min. 25 40 Jan 5 52 Jan 3
44
45
44
45
46
432 J'ne
45
4412 4412 *44
*44
44
45
)
23
l ity
146
101
846 Trino
4 Jan 19
412 Dec
5 Jan 3
14
4
414 414
414
412 412
414 414
412 412
412 412
3538 Jan 11 3712 Feb 4
30 Deo
3
37
,
3712 3612 3718 38 4 3812 3614 3614 3612 36 4
3712 37
prat
30 4533 Jan 3 4714 Feb 6
4534 J'iy
47
4634 4714
4613 4714 47
47
4678 47
47
4714 47
370 Utah-Apex tailing_ 5
212 Jan 3
2 Deo
7
28
7
3 Jan 6
28
3
3
2 4 23
278 273
*234 3
3
24 24
7
7
3
2 4 28
588 Utah Consolidated_ I
1212 Deo
3
9 4 Jan 20 1312 Jan 3
3
12
3
3
1212 1212 1212 123
4 1214 12 4 12 4 12 4 12
10 45 Jan 30 4638 Feb 6 339 4 J'no
330 Utah Copper Co
4858 46
3
12
46
4514 4514 -4034 16
3
46 8 4638 4612 46% 46
25
2 Jan 16
212 1.710 Vwlicto,00rle
13 0
18
2 Deo
12 *17
8 212
12 *2
12
2 Feb 7
212 2
3
22 2
7
*1 3 2 3
214 214
25
8 Jan 21
9
J'Isr
0
912 Feb
9
938
9
012
9
,
9 4 914
914 914
25 114 Jan 11 122 Feb 10 102 J'ly
122
37 Wolverine
122
120 120 *120 122
4
68 12L 120 120 *118 125
)
2114 Jan 25
2
1,160 Wyandot
112 11-; *112
*434 2
114 J'17
*112 13
2 Feb
4
4 2
13
•Bld and asked prices. et New stook. e Ass't paid. b Ex-stook dlv, h Ex-rights. a Ex-div. and rights.
.P11/
Highest.
12318 Jan
10914 Jan
234
an
13034 Jan
22! Feb
152 Feb
3.0 Nov
11118 No
76 Apr
1612 Sep
41 Jan
160 Dec
118 Jan
270 Mel]
13312 Jan
123 Oct
00 Oct
118 Dec
211, Nov
1,8.34 Nov
16238 Melt
191 Deo
212 Meti
00 .lan
4412 Nov
110 Jan
100 Mch
204l2 Jan
10338 Jan
108 Jan
0.512 Melt
109 Feb
4913 Oct
105 Sep
878 Feb
24 Feb;
1'2758 Aid,
124 Mch
14378 NoV
3912 Al ch
111414 Mob
111: Jan
28 dila
612 Jan
1521: NI eh
1153.140
29213 Nov
16011 ...a
8
113 Nov
la Alen
'48 Nov,
63 Ma,
4
l
124
aa
115
Dec
4
13133
100 Jan
100 Feb
14 Oct
10934 Ian
37 Dec
31 May
200 Sep
713 Apr
4
31 .Jan
903.; Jan
5F
125 Jan
1034 Sep
14 Jan
10 Feb
1434 Sep
58 Feb
3
10 4 Jan
4013 Jan
5034 Jan
1214 Jan
30 Mob
2414 Jan
1814 May
281 Jan
103 Jan
085 Jan
38 Jan
.16 Jan
85 Jan
058Mch
14 Nov
112 Feb
2212 Mob
1212 Jan
4
111, Jan
1178 Jan
34 Jan
578 Jan
4434 Meh
3334 Oct
00 Nov
2833 Jan
11 Jail
634 Jan
9412 Jan
19 Jan
1058 Oct
17 Jan
5 Jan
19 Jan
812 Jan
75 Jan
2712 Jan
103 Jan
12 May
50 Jan
8
257 Mch
1234 Jan
134 Feb
65 Jan
100 Ian
2134 Jan
92 Mch
2444 Mch
234 Jan
18 Jan
334 Jan
84
0 / Jan
18
1858 Jan
78 Jan
Iiss Jan
55 Jan
5318 nu
514 Aul
48 Jin
601:An
534
15 Jlfl
15V. aft
3
3 4ie
Boston Bond Record
FEB. 11 1911.1
BOA lor,
BOSTON STOCK XCH'C4E
\Victor ENDING FEB 10
price
Friday
Feb 10
I
381
itON LE%
BOSTONSTOCK EXCFPGE
„...
FEB 10
Week's
Range
hiaCe
Range or ti„,0II
Last Sate .Jannar.4 I
!Eta
High No 11,oto IIl
Ask' Low
Am Agricul Chem 1st 56..1928 A-0
,
4
102% 102'2 2 1021 10' .
8
Am '1 e'en & Tel coil tr 4s.11129 j _j; 90% Sale 1 99y
90% 571 90'I 907
Convertible 4s.
1936 M.S 108
8
'1081 10) 1 12 1057 100
/
4
Am Writ Paver let s t Os g 1919 .7.ji
' 90 Feb'il .1 90
1915 at.N
Am Zinc L & S deb 08
100 Jan '11 —.1100 102;
Aria Corn Cop 1st cony 6s 1920 J-D 88 Sale tie
89
31, 84
80
Atoll Top & S Foam g 48 1995 A-0 09
99
10 09% 99;
99(4 99%
91 6 61 ,2 917
,
11
/
Adjustment it 4a....J'ly 1995 Nov
91
02
917
I
Ply 1995 m-N
Stamped
01
92
903 Dee'10
8
1
1935 J-D
50-year cony 48
102 41.Ply'10
1917 J.D
10-year cony 58
41081
1081
/
4
10814 Jan '11
L111(3858.'59 J -J
73
Atl Gull & W I SS
727 Sale 72; 73
8
88 68
Boston Elect L consoi 5s.1924 31-S
110 Feh'04
1916 J -J
Boston & Lowell 45
1001 Mar'09
4
1944 J
Boston ea Maine 4;s
104;Oct '08
Boston Terminal lst 3126 14147 F-A
11212Jan'03 .... ......
J •J
2
Bar & /do Illy cons Os
103 Jan'll ... 103 103,
Butte & Boston 1st 63.-1917 A-0
100 J'ne'01
Butte Mee SO Pow I st g 58.1951 J
Cedar itap & Mo U 18t 78.1910 M-N
113 h MaY'10
Cent Venni,1st g 4s..May.1920 Q-F 89'4 90
"OK — 80;
1.
8914
89,4
......
o B & (4 Iowa Div 1st 58.1010 A-0
11103 Oct'07
1919 A-0
Iowa Div 1st 48
08;J'ne'10
4
1413 M-N
Debenture Os
1- ,1.4 1003
.0'
0
100% Jan '11
Denver Exton 48
1922 F-A
1 911.4 100
9934
100
100
'Nebraska Exteo 48
11427 M-N
99 Mar'10
B ea SWst 48
1,
121 1.41-8
911 Oct '09
Illinois Div 312s
1949 3-3
8(4 9!i(4
88 4 J ati '11
,
/
4
Onto
ity & Stk Yds 56 1915 J -J 101;101% 101 1
4 101 14 3 101 1011
90,
4 1 90% BO,
Con trust rettunling g 481940 A-0 00
9014
91
Oh 3411 km St P Dub!) tle 1920 J -J
114 Jan '11 .... III 114
,
Oh M & St .0 Wis V div 061920 J • J
126 FoU'05
MIR & No Mica 1st gu 58.1031 M-N
99
0812Jan '11 ....1 98; 99
Ohio & W Mich gen Os
LOW; 7 100%101
1021 J •0 100.4 Sam 100
91 Doe'07. ''
Concord & Mont cone 48 192u,3•0
.....
4
1121 Jan'03 ....."
Conn & Pass it let g 48 i9131A•0
11
4
1 / A.ug'09
Cudahy Pack(The)let g 5s1924 MN
99 Aur'10 —. 1
..
1
1926'A-0
Current River 1st Os
88 Deo'10 —.if...—. ......
Det Or Rap (fo W 1st 4s 1946 A U612 Jan'11 ....1 1 LW
1,612
913; 118
Dominion Coal let a f 5e 1940 M-N
1031 Apt'06 ....1 ......
/
4
1915 M-S
Faun burg 48
96 Atir'08
1927 31-S
48
127; Jan'11
127(4127(4
Fremt Elk & Mo V 1st 6s 1933 A-0
1933 A-0
140 Apr'05
Unstiunpeu 1st Os
961 Sale 1)53
/
4
4
'36(4 41 , 115; 96
GtNorU B & Q coll tr 48 11121 J -J
Registered 4s
1921 Q-J
8
96
963
8Feli'll —.11 953 953
4
Price
Friday
eb 10
Week's
Range or
Last Sale
s I
Range
SOIC6
January I
.Bi
Bigli SorLow litgA
1
Illinoie Steel deben 5s....1913 A-0 1003 Sale 100
8
1003
8 5, 100 1023
4
la Falle &sioux 018t 78..1917.A-0
117 Apr'08 ....11...... .....„
Kan 0Clin & Stir 1st 55...1923 A.01
,% Mat'l 0'
'S
1
Kan C Ift S& Gulf ext 56..111111J -D 100
1
4393 Feb'Iol
4
Kan C Ft Scott & M os....1928 M-N 1163 sale 116
8
116%; 8 1116 1163
4
1934 M-S
Kan OM & B gen 4s
Assented income 6s
1934 M-S
83 211 g i' n l .I a 2
1,2 i
4
a
e i
.r.: .l
Kan 0 & M Ry& Br 1st 531929,A-0 102;103 1023 102.
8
4
1(1 11102 1023
Maine Cent cons 1st 7s...1912!A-0
113% Nev'00 —11
1912 A-0
Cons lat 46
1011 Sep'051....'1
/
4
Mara Hough & Ont ist 68.11125 A-0
115 J'ne'08
1
J J
Mass Gam 4128
99% Sale 99% 100
7* - 511/ 100,
1
4 4.
Bil J- J
Al Loh Telop lot 5s
97 Aug'1.0
1
Minne Gen Elea con g Os 1929 J-J
1 4J 76:1,.
1. 1 A 1) 4 .
01 .
New Eng Cot Yarn 5s....1929 F-A 100;
.100 101
'2
1915 A-0
New Rag Telepla Os
102 102
1
1916 A-0
10012 sep'08
53
New England cons g 5s...1945 J-J
t
Boston Term 1st 4s
1939 A-0
New River (The)cony 513.1934 J".J
'75 Oct 10 ... . .
419; Jan'11 . . N YN H & li con deb 31451956 J-J
99; 99 1
4
1948 J.J
Cony deb Os (etfs)
134; 13/3
4
2 133% 134%
1924 F-A
lot Apr'09
Old Colony gold 48
'
7 Sep '011 ....1
Oreg Ry & Nav con g 48..1946 J-D
98
..
..
1922 F-A
Oreg Sit Line 1st g 68
114 4 Jan'll —. 1414% 1113
4
99 Mar'10
Pere Marquette deb g 68..1912 .1. J
'
J
Repub Valley 1st a t 6o...1919 3.
103 Jan'11 —.1103 103
Rutland 1st con gen 4128.1941 J-J
107; ,(8005
Rutland-Canadian 1st 4a1949 J -J
102 Alat'02
SavannaltElee lot cons 58.1952 J -J
701 DWI.°
/
4
104 4 DWI()
19
SeattleshannAu I30F-A 103;
onlec ls
E r 1
...... •
se g8
1)7 Ney'10
5 6s... 1919 M.N
Terre Ratite Elea .4 5s....1920 J 4
97 Apr'07
Torrington 1st g Os
100% Mar'10
1918 M-S
Union Pao RR & 1 gr g 48.11 1 i'-.J
1003 Jan '11
8
19z ,
1
j
10478 Oct '10
'.:0-year cony 48
United Fruit gen s 1 4. 1923 01 213
2
4
116,
96;Sale 06,
U S Coal & Oil 1st a f Os..11)35 M-N
165 Nov'10
3 104(4105
U S Steel Corp 10-60 yr 58.1963 31-N 105 Sale 104% 105
West End Street By 43.-1915 F-A
9814 Ply'10 ....1 ......
(Old 4128
1914 M-S
100,
4Jan '11 —. 1004 100,
1,
4
Gala oeuenture 4s
1016 M-N
118, a.pr'10
2
.
.
Gold 45
14117 F-A
08 8Jan '11 ....I 981 981
,
/
4
/
4
91,
Western Teleph & Tel 53.1932 34] 98 Sale 98
17; 063 99
4
Wisconain Cent 1st gen 451940 J -J
9314 Jan'11
931 931
/
4
/
4
Nora—Buyer pays accrued interest In addition to the purchase price for all Boston Bond.s. * No price Friday; latest bid and asked.
11 Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
share Prices—Not Per (longues' Prices
Saturday I
Feb 4 I
Monday I
I
Feb 6
Tuesday 'Wed/need-ay I Thursday
Feb 7
I
Feb 6
I
Feb 9
I
•
'374
/
4
9314 931 93;
1 93
116 1
126 4
*
24% 24% *233 24'4'
4
*24
48; 49 1
49
*481 49 *
2
1711,, 17% 17% 17%,
*17% 18
*44, 443
4
4
46
-44 12 44; 46
45
451 45% 453
/
4
45; 43%
4
*121 12% 121,4 121 *121 12%
/
4
/
4
4
5514 55% Of)
O4- 54-,
55%
33,
4
33; 33% 333 3312 33
76
75
75
747 747
'75
11
*9
9;
0
84 9
32
30; 31
303 31% 31
4
4 93
93; 93
03
923 4123
4
894 90
7;.5 90 16 3
, 07141 80% 90
641
/
4
64, 84718 04
4
641 643
/
4
527 53
5212 52.4
527 03
8
10% 163
4
16% 104 16% 16%
.
2078 21
203 20% 201 20's
8
8014801116 80 801115
791 SU
81 81
/
4
/
4
/
4
81 81
/
4
81 814
/
4
473 47%
4
477 47 7
47% 47%
4
871s 8714 67; 37% 37; 1373
PHILADELPHIA
I Bid
1 Sales I
ACTIVE STOCtiS
ilv, 7 (For Bonds and inactive
4 .
1
.Stocks see below)
I
-Shares
755 78
933 91..,
4
78; 80
77
78
95
WS;
9512 953
4
125;126
125;126
*24
2414
24
24
13% 23%
4
4812 48;
48; 48%
483 48%
173 17; 174 17; *17; 17%
8
4
PHILADELPHIA
Bonds
and
Prices are all"
Interest."
Alt &LVElee 4.213'33.F-A
Am Gaa & Elec 58'07.F-A
Am Rya cour 53 1911.J-D
Atl City 1st Os g'19.31-N
Berg& EBrw let65'21 J4
Betlite Steel 613 1998.14.F
Choc& Moist5s 1949 J4
eh l)k G gen 58'19 J4
Con Trac of NJ 1st 58.'33
Edo A 1st Ai Os 1920 M-N
Rico & Peo Tr atk tr etre
Eq II (ias-1,1st g58 1928
Indianapolis Ey 43.1933
Interstate 48 1943 1. -A
0
Keystone Tel(58 1935.J-J
Lenigu Nay 4128 '14.Q-J
Rita 46 g
1914.Q-F
Gen 31 4 2e g.1924.Q.I
,
Leh V 0 lat 56 g'33 J -J
Leh V ext 481st 1948.J-D
Consol 6s 1923
J-I)
Consol 4;s 1923.
3.1)
Annuity (is
(ion cone 48 2)103.31-N
Leh V Tran eon 48'33J-1)
1st series B 5s 1935.31-S
New Con Gas 5811)48 J-D
Newark Pass con os 1930
NV Ph& No lat4s'39 J4
Income 48 1939 .M-N
NoOltioTrao con/38'19.-14
Penn Cons Os 1919 .Var
Penn & MU Steel coo 6s.
Pa & NY Can Os '31.1.A4)
A-0
Con 43 1939
Penn Steel 1st 08'17 M-N
People's Tr trcerts 4s'43
P Co let& col tr 5s'49 M-S
Con& cottr 66 105131-N
Phil 1:lee gold trust (Ate.
,
Trust certifa 45
.061 E gen AI b g'20.A-0
Gen M 48 g 1920..A&O
Lowest
!
874 87%
3
1001
4
115;
102; 103
107
37 12 87%
84
59;
85
110;
118
119
147; 1483
4
97; 07%
107
93
03;
102'. 102;
96; 07
103¼ 104
7314 78%
100;
Highest
I
Lowest
21'
if ,
test
Bal i...ore
.
1
1
1,500 Con.GM EL L. & Pow-.100 64 Jan 11 80 Feb10, 40 Mar 61;Deo
1,820'
Do prof
100 89 Jan 9 95% Feb 9 80 Mar 90 J'ly
51Northern Centre&.
50 121 Jan 11 126;Jan 211 115 Jan 132 teen
90 Seaboard(new)
100 21 Jan 4 24123an 16 185
8.1'ly 271 Jan
/
4
7411
Do 26 prof
100 431
4Jan 4 49 Jan 21 40 Oct 47 Jan
734 United 1(y km Electric 50 113,
2Jan 9 181
8Jan 31; 12% May 16½ Dec
Bid I Ask
53
84
Range ior 17evious
Year(1910)
Bangs Since
Jan! 1911
Philadelphia
4
50 163 Jan 28
American Cement
*16
17
50 42 Jan 6
73 Atuerusau Railways
44; 45
44; 44;1 44; 4412
50 4212Jan 3
45, 45; 45, 4512' 45% 45% 3,806 Cambria Steel
4
4
*121 124
150 Facet= Co of America 10 11 12Jan 4
8
/
4
121 1218 *121 12%
/
4
55
55
543 543
4
4 54 12 54% 1,202 Eleo Storage Battery 100 48 h Jan 3
*33
100 33 Jan 11.1
33
OW Gen Asphalt tr ctis
33%
33
3312 3314
246
Do prof tr ctis
100z74;Feb 2
743 743 *741 743
4
4
4 743 74%
4'
4
2Jan 12
210 Keystone Telephone
50 8,
'314 9
*814 9',
*8; 9
303 307
4
8
8 30; 3012 30; 303 10,049 Lake Superior Corp.. 100 23 Jan 23
*92; 93; 92% 93
92; 927
8
793 Leingh 0& Nay tr ale 50 92', Feb10
50 87;Jan 3
81,818 90
89
893 801e 85314 1,783 Lehigh Valley
8
1,620 Pennsylvania Rh
8Jan 16
50 633
63(4 61118 63% 84110 637 64
8
52% 52%
8 152% 027 1,136 Pluladelp'aCo(Pittsti) 50 x30 Jan 3
62% O2'
s
1113 16%
8
161 10(4
4
16% 16; 8,021 Philadelphia ElectricH 25 113 Jan 19
50 1812Jan 3
19(4 201
/ 19% 20,
4
4 201 20; 11,133 Phila Rapid Transit
/
4
77 80; 741% 801 801 803 10,883 Relating
50 751 Jan 3
4
8
/
4
/
4
4
1 7918 Jan 4
556 Tonopah Aiming
81 81118 *9; 814
/
4
8
'is 8%
50 43 Jan 3
46; 47; 47
47
473 47; 5,198 Union *Traction
8
50 8512Jan 3
37 4 8712 811 87; 87; 87; 3,105 United (lea Impt
4
/
4
Ask I
inactive Stocks
11
/
4
Amin lean. Milling
10
Amer Pipe Mfg
100
Bell Telephone (Pa) 1001
60 45-.
Cambria Iron
Central Coal & Coke.100 31 12 8.:
Consol Trao of N J...100
Easton Con Electric o.50
100
In Wavle 8.5W V
50
Germantown ritt313
100
Indianapolis St
Indiana Union Tr.. 100
/
4
Insurance Cool N A..10 201 20y
Inter Sm Pow & Cheiu.50
8;
Keystone Telephone ..50
Preterred
10 31;
KeystoneWatchUase.100
Leh Vail Trau v t e...50
8
814
Preferred v t a
00 2112 22
Lit Brothers
17%
10 lti
Little Schuylkill
50 57
filinelnll & schityl 11 50 611
/
4
Nat Gas Elm Lt& Po 100 15
PreLerred
.
Diu 53
N Bayou Iron & stee1.5
Northern Central
50
North Pennsylvania. 00 97;
Pennsylvania Salt
50 Illy
Pennsylvania steel..100
Preterred
100
Phila Co(Pitts) pref...50 44; 45
Phil German& Norris.50
50 851.2 86
Plnla Traction
912 10
10
Ballway6 General
Tidewater Steel
10
Preterred
IOU
Union Tr ot Ind
.100 239%
United Cos ot N
pref..50
Unit Trite Pitts J...
Warwick Iron& Steel.10 10;
40
100 38
Welsbach Co
West J ersey dls Sea 811.50 52;
93
,Westinoreland Coal ..50
Wilkes Gas & Elee..100
7
6
....5U
York Hallway
.
/
4
50 211 21%
Preferred
*Bid and asked; no sales on this day.
Priddo
Feb 10
PHILADELPHIA
Ph & Read 28 58'33.A-0
Con 31 76 1911
J-D
Ex Imp M 45 g'47 A-0
Terminal 5s g1941 Q-.F
P W & B col tr 4s'21 J4
Portland By 1st 58 1930.
Roch Ey& L con Os'54J4
Spanish-Am Ir Os'27 J4
Stan'dGaa 61K 68'25 M-N
U Trac Ind gen os'19.J4
Un Bars Tr(Ws 45'49J&J
United Rya Inv lat coll tr
sibs 1926
U Tree Pit gen 58'97 J4
Well:11)30h a f 5s 1930.2-D
E cou5s153J4
Wika-B
BALTIMORE
Inactive :Stocks
Ala Cons Coal& Iron 100
100
Atlaul & Charlotte
Pre ta
Allan Coast L (Conn)100
Canton Co
100
Colts Cot Duck Corp...50
50
Prelerred
Georgia Sou & Fla. .100
100
lot pret
100
28 pref
100
(1-13-13 Brewing
Bones
Prices are all" and
interest."
Anacostia & Pot 58
Atl Coast L(Ct)ctis58 J-D
..J-J
Ctta of indent 45..
J4
6-20 yr 4.5 1925
Bait°Peas 1st58'11 31-N
Ball Fundg 53.191631-N
Exchange 3128 1930 J-J
Bait& P lstalaml'll A-0
28
BSP&0 ist4, '53F-A
Ball Traelst5e..129 31-N
No Bait Div Os 1942 J-D
Cent'l Ity con581932 M-N
Ext& Imp 58.1932 MS
Chas Citylty 1st56'23J4
11Ex-rL lits. II $15 paid. I $12; paid. / $1312 paid.
,
*$35 paid.
Bid
Ask I
1
17, Jan 4 17 Dec 28 Jan
-a
,
45¼ Jan 201 413 Ply 50 Jan
453 Not) 6 401Ply 53;Jan
4
/
4
12;Jan 14 11,
2!
4J'ly 12;Jan
42 J'ne 61(4 Mar
56 Feb
4
8
343 Jan 10; 1914 J'ly 311, Dec
83% Jan 301 64 J '1y 81;Jan
9;Jan lo1 7 J'ly 13 Jan
8
32 Feb 6 1512J'ne 297 Dee
98 Jan 141 86 J'ne 123 Jan
90;Bet) 3 62;J'iy 121; Mar
65 F.b 2 611118 J'ly 69318 Mar
5312Jan 24 42 XII 63 4 Jan
,
167 Feb 1 /137 Feb 16; Mar
8
8
21;Jan 20 13 Apr 2.31
2Jan
80% Feb10 65;J'iy 86 Feb
8% Jan 171
u½ Jan 0118May
4812 Jan 20, 38 Oct 52% Jan
893 Jan 91 79 J'ly 1151
8
/
4Jan
BALTIMORE
:I
1141 1164 Chas/VG& 11156'99 14.8
9
Char! C& A 2(176'10 A-0
'22 J.D
City &,Sub lift
1003
4
58.116% 117; City& Sub( Was)lst 58'48
Coal& 1 ity 1st 58'201-A
993 IOU
4
Col&Grnv latis.1916J-J
Consol Gas 58..1939 J-D
993
4
j4
Otis indebt 4(45
101(4 102
101
Cons(A E &P 4 hs'35 J4
Fair& laTr ist58'38.A-0
77
Oa &Ala let con 58'45J -J
GatJar&N letinig'29J4
85
85'. Georgia P 1st 68. .'22 J4
GaSo& Fla let5;1945J4
88
0-B-13 Brew 3-48 195111.3
28 income 5a 1951 31-N
101 11
Knoxy Traci let 56'28A-0
Lakelt Eliot gu5s142111-6
35
MaconRy&Lt1st58'53J-J
29
61) Memphis St 1st 56'46 J-J
58
3lettit( Wash)lst58'25F A
Mt Ver Cot Duck let Os.
221)
110 120 liptN&C)P let 581418 3.1-N
Nor&Por Tr Ist5e'.16.1-1)
6
Norfolk St 1st Os'44 J-J
22
20
North Cent4¼s 1925 A-0
30
97
Series A 5a 1926. J4
94
70
74; Series B 5s 1926. J-J
Pitt Un '.1.`rac 58 1997 J.J
11 2
/
4
Poto Val 1st 56 11141 J-J
Say Fla& Weot58'34 A-0
16eab & Roan 55 1926.J.J
South Bound 1st 58..A-0
100; 101
U El L&P 1st4128'29 M-N
Unity Se El 1st 48'49 MS
income 4s1941)
JD
92
Funding Os
.J-D
100 1001
4
tie '11
103, 1041 Va Mid 28 ser 1936.. 3.1.8
2
4
3d series 68 1916..M-S
93
9.3 19
4th ser 3-4-5s 1921.31-15
100;
5th series Oa 1926.31-3
951-. 96
107; 108
Va (State)38 new'32.J4
109; 110; Fund debt2-38 1991.J.J
107
West N 0 wails 1914 J-J
WesVa C&P lat6g'11
102 1043 Wil & Weld 56-1935..14
4
Bid
Ask
115; 97
105;106;
102 104
10114 102;
103 1t)(33
8
109 1091
/
4
86% 87
98'4 983
4
1043 105
4
100, 106
113 1141
/
4
108 110
45; 46
8
109 110
96
1)9
963 071
4
/
4
106h 107
74
/
4
741
03 100
821 823
/
4
4
10212
103
110
110 4
,
100
103
108
107
107
92% 93;
84% 84%
62; 82%
85% 83
100 100;
102
103
105
87
85
83
87
105 1051
/
4
100% 1008
4
110 111
a ReCeipts. b$25 paid. 5830 paid. d $1212 paid.
[VoL. Lxxxxir.
THE CHRONICLE
388
Volume of Business at Stock Exchanges
Bid Ask
Industrial and Miscel
1314
100 13
e Crucible Steel
8014
e Preferred
100 80
• TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
Davis-Daly Copper Co _10 *13
8 112
DAILY, WEEKLY AND YEARLY.
9312
e Diamond Match Co....100 93
duPont(E I) de Nem Po 100 196
85
Railroad,
e Preferred
100 83
Stocks.
State
U. S.
e Gold 4311s 1936
J-D
8312 85
Week ending
Bonds.
Bonds.
Bonds.
7 Par value.
Electric Boat
100
Shares.
Feb. 10 1911.
40
Preferred
100 35
15
$148,000
Empire Steel
342.782 $30,802,200 $1,170,000
100 10
Saturday
62
2.624,000
266,000
53,000 Telegraph and Telephone
100 55
535,807 46,560,700
Preferred
Monday
18
0
2,989,500
e General Chemical
925,000
100 106 108
10,000 e Amer Teleg & Cable.._ 100 182 44
566,705 49,757,350
Tuesday
108
2,402,000
100
705,500
e Preferred
503.555 43,935,500
10,000 e Central & So Amer_ _ _ _100
Wednesday
Comm'i Un Tel (N Y).. 25 105
2,934,000 1,359,000
1 *515
Gold Hill Copper
445,364 38,106,400
18
Thursday
*0,
0 63s
Empire & Bay State Tel 100 6520
3,521,000 1,410,000
346,119 30,694,400
Greene-Cananert
Friday
Franklin
100 40
50
Guggenheim Explor'n_ _100 210 220
2,740,332 6239,856.550i $15,640.500 $4,813,500 $23,000 e Gold & Stock Teleg_100
e Hackensack Water Co
Total
e Northwestern Teleg__ 50 110-110 I I8
-Ref g 48 '52 op 1912 _J-J 83
Pacific & Atlantic
30
25 60
100 20
Hall Signal Co corn
Jan. 1 to Feb. 10.
Week ending Feb. 10.
at
Sales
e Pao Telco & Teleg pref 100 90
8
5
97
100
Havana Tobacco Co..
New York Stock
Southern & Atlantic ........25 90 100
16
100 10
Preferred
1911.
1911,
1910.
1910.
Exchange.
68
1st g 55 June 1 1922 ..J-D 63
Hecker-Jones-Jewell Milling
15,378,951
2,740,3321
5,273,039
33,709,363 B & Ferry Companies
-No. shares
Stocks
N Y 1st 6s 1911____J-J
1st 6s 1922
M-S 103 105
$239,856,550 $476,136,950 $1,347,076,225 $3,084,460,200 NY &E It Ferry stk_ _100 YE- 94
Parvalue
25
30
Herring-Hall-Mar new.._100 15
$1.500
$226,400
$55,700
$50,000
Bank shares, par
1st 53 1922
50 60
Hoboken Land & Imp....100
Bonds.
N Y & Hob Ss May '46..J-D 98
1st 5s Nov 1930
16E$32,000
$56,000
623.000
$5,000
Government bonds-.
Bob Fy 1st 5s 1946_ _M-N 106 ioi- Houston 011
l2
-712
100
5,889,000 NY &NJ 5s 1946
4,813,500
26,256,500
1,226,500
State bonds
J-J
Preferred
.,100 46 -113,707,000 10th & 23d Sts Ferry__ _100 9712 -- 97,125,500
15,640,500 18,615,000
RR.and misc. bonds
20
3
0
Hudson Realty
100 110 -1st mtge 53 1919___J-D 65
75
e Ingersoll-Rand com
100 95 -_-$119,652,000 e Union Ferry stock_ _100 9
$123,414,000
620,477,000 619,846,500
Total bonds
e Preferred
5
4
27
9
2
100 94
hf-N
e 1st 5s 1920
Intercontinental Rubber 100 323 -- -14 33 4
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Internat'l Banking Co.._100 90 100
EXCHANGES.
International Nickel
Short-Term Notes
100 185 195
Preferred
Am Cig ser A 48 1911__M-S 100 10018
100 1/1
93
1st g 5s 1932
2
Philadelphia.
Boston.
A-0 9312 9412
Ser B 48 Mob 15 '12__M-S 9912 907
International Salt
4
8
100
Bait & Ohio 43s 1913_J-D 9934 100
Week ending
1st g 5s 1951
Bond
60
A-0 / 50
Unlisted
Listed Unlisted
Listed
Bond
Bethieh Steel (is 1914__M-N 9714 9731
Feb. 10 1911.
65
100 50
shares. shares.
shares.
sales.
shares.
sales.
Chic & Alton 5s 1913....M-S 9872 9914 International SilverPreferred
100 114 118
Cin Ham & D 48 1913......J-J 9814 9834
1st 68 1948
J-D 110 112
10012 10014
10,158
3,613
$48,734 0 C C& St L 5s, June 1911
9,718
$32,000
Saturday
9,768
Internat Smelt & Refg....100 120 130
14,706
11,408
103,669 Hudson Companies
Monday
21,333
17,813
67.000
12,119
12,423
13,974
7,449
52,200
40,000
Tuesday
as Oct 15 1911
A-0 10033 10034 Internal Time Record 100 185 200
10,162
16,143
4,942
8,818
Preferred
59,500
153,433
100 110 115
Wednesday
63 Feb 1 1913 •
F-A 9812 99
9,298
6,503
42,600
Thursday
12.947
10,525
67,570 Interb It T g Cis 1911._M-N 10082 100
52 Jones & Laughlin Steel Co
4,965
Friday
8,534
77,500
6,747
140,724
1st s f g 5s 1939
12,606
10212
M-N
C Ry & Lt Os '12.. _M-S Ms 10012
07.1.1 e Lackawanna Steel......100 41
Minn & St L g 5s 1913...F-A 97
45
79,239
59.624 6318,600
76,360
42,449 $566,330 eN YC Lines Eq 5s '11-'22 8414% 412%
Total
e 1st con 5s 1950____M-S 85
43s Jan 1011-1925
e Deb 5s 1915
M-S 9212 --92
7i
8414% 412%
NYNH &IISsJan 1912 10012 10114 Lanston MonotYPe
06
100 95
Mob 1 1912_-_M-S 10014 10012 Lawyers' Mtge Co
100 245 248
St L & S F 45s '12 op_F-A 5932 9534 Leh & Wilkes Coal-___50 250 275
-B
55 Mob 1 1913
.
M-S 9712 9734 e Lorillard (P) pref
100 135 145
All bond prices are now "and interest' excejt where marked "f,"
South Ry g 53 1913_ _F-A 19
45
0914 Madison Sq Garden
100 25
Tidewater 6s, 1913, guar...... 1015 102
al
-N 85
2d 63 1919
2
Bid Ask Wabash 48s 1913__M-N
Bid Ask
Street Railways
Street Railways
_ Manhattan Tmnsit
20 6112 114
West Telep & T 53 '12_F-A 1001- 1005 Ma y lferr
)
preaeptStores
-- 4
6312
100 62
Pub Serv Corp N J (Con)Westingh'se El & 24 6s 1913 10112 1_122
New York City
..
Preferred
100 10612 109 •
22
New'k Pas Ry 55 '30__J-3 103 _
65% notes Oct 1917-A-0 --..
Bleeok St & Ful Fy stk_100 14
Monongahela It Coal
50 *114 879
Rapid Tran St Ry_ ..- -100 240 250
55
65
Preferred
1st mtge 45 1950
50 *22
A-0 102
1st 53 1921
100 124 142
Mortgage Bond Co
Railroad
B'y & 7th Ave stk
100 113 116
J C Hob & Paterson
J-J 99 101
Nat Bank of Cuba
Chic Poor lv St L
2d mtge 58 1914
100 100 103 '
11-N 763 78
4
4s g 1949
Prior lien g 43113 '30_M-S / 00
___ National Surety
01
Con 53 1943-See Stock Exc list
100 180 190 ,
So J Gas El & Trac_ _100 132 _
e Nevada Cons'd Copper. See Stk E x Ilat
Con mtge g 53 1930_
f 45
B'way Surface 1st 58 gu 1924 103 104
M-S 9712 981,,
Go g 5s 1953
_ _ 90
Income 5a, July 1930........ 1 7
Nev-Utah Min & Sm
10 *1 .1110
Cent'! Crosstown stock.._100
No Bud Co Ry 63 1914 J-J 103 155
Chicago Subway
-100
20 30 60
3 4 414 e New Central Coal
3
1st mtge to 1922.......M-N /80 85
J-J 10212 10312 Nat Rys of Mexico-See 8 I &cc list N Y Air Brake (1s-See Stock Exc list
5s 1928
20
Con Pk N & E Ely stock..100 15
M-N 98
Ext 55 1924
Northern Securities Stubs.._ 101 105
N Y Biscuit 6s 1911____M-S 100
Christoph'I & 10th St stk 100 85 95
---- Pitts Bess dr L E
Pat Ry con 63 1931__J-D 115 117
50 *30
e New ferredDock
e r reYork
35
100
36
Col & 9th Ave 5s-See Stock Exc list
2d to opt 1914.._ A-0 100 103
5
4
Preferred
50 *7
04
100 65
90 9
Dry Dock E B & B
-See Ch icago list
e Railroad Securities Co
J-D 95 100 So Side El (Chic)
N Y Mtge & Security.. 100 215
1st gold 5.3 1932
40 Syracuse R T 53 1946 _M-S 100 103
F-A /30
N Y Transportation
1110 stk tr ctfa ser A.. 52
20 *312
Scrip 55 1914
Trent P & H 58 1943_J-D 97 99
Seaboard Company
Niles-Bem-Pond corn._100 05
98 ,
Eighth Avenue stock.....100 250 325
United Rys of St L
F-A /95 100
Nipissing Mines
34
1st preferred
Scrip 6s 1914
5 *11
111
/
4
100
Corn vat tr otfs
100 - 11
St F'y stock-100 250 300
2 1341
42d & Gr
Corn & 2d pref-See 13a1 t Face list Ohio Copper Co
10 *0
e Preferred
100 404 41
42d St M & St N Ave.-100
112 •2
8 Ontario Silver
Seaboard Air Line
100
Gen 48 1934-See Stook Exc list
1st mtge 03 1910-....M-S
Otis Elevator corn
100 53 100
Coll 5s ext May 1911_M-S
6
0- Unit Rye San Fran-See Stk Exo list
2d income to 1915„-J-J /10- -West Pao 1st 5s 1933
Preferred
100 97
-M-S .8 93
05
09 ;
Wash Ry & El Co
38
100 34
Inter-Met-See Stock Each ange list
Pittsburgh Brewing
50 *x237 24%
s
Preferred
100 88 89
Lex Av & Pay F 5s-See Stk Exc list
Preferred
50 .1‘ 4212
Industrial and Miscel
Stk Exc list
4s 1951
Metropol St Ry-See
J-D 8612 85 4 Adams Ex") g 4s 1947__J-D / 8912 9052 Pittsburgh Coal-See Stock Exc
3
Ninth Avenue stock.._.._100 155 180
Pittsburgh Steel pref. _J00 100 101
25 *170 180
Ahmeek Mining......
16
Secotiii Avenue stock....J00 10
ioo 120 123
Gas Securities
Pope Mfg Co corn
56
Alliance Realty
100 54
55
F-A 51
Consol 5s 1948
100 160 103
Preferred
78
American Book
100 74
New York
6 Sixth Avenue stock. 100 122 130
Pratt & Whitney pref....100 1021: 105
American Brass
100 123 116
85 Cent Un Gas 5s 1927_ _
101 103
Boulev to 1945___J-J 75
Sou
Producers 011
American Chicle corn.... 100 230 233
100 142 146
92 Con Gas (N Y)
A-0 88
So Fer 1st 58 1919
-See Stock Exc list
Realty Assoc (Bklyn)_100 100
100 103 106
10
Preferred
c Mutual Gas
Third Avenue RE-See Stk Exc list
100 170 175
Royal Bak Powd corn._ _100 180 185
15
Am Graphophono corn_ _100
8
New Amsterdam Gas
Tarry W P & 2453 1928.. /60 80
Preferred
100 24100 107 108
Preferred
90
1st con.sol 53 1948..
J-J 1003 1013 Amer Hardware
4
Y'kers St RE 5.4 1946 A-0 • 80
100 121 131
Safety Car Heat & Lt_100 123 125
4
NY &ER Gas 1st 53'44 J-J 102 105
21
28th & 29th Sts 5s '96_ A-0 15
25
Am Malting 6s 1914
J-D 100 102
Seneca Mining
65
Consol 5s 1945
J-J 98 101
Twenty-third St stock- _100 100 215
100 315 330
Amer Press Assoc'n_ _100 05 100
Singer Mfg Co
N Y & Richmond Gas...100 42
Union ity 1st 5s 1942_ _ _F-A 101 104
48
2
100
Am St Found new-See S tk Ex list
South Iron & 5 corn
6
75
Nor Un 1st 5s 1927........24-N 98 101
Westchester 1st to '43 J-3 65
100 10
Preferred
Os 1935
A-0 102 103
15
Standard Gas corn...._100 n60
14
100
Deb 48 1923
F-A 70
Standard Cordage
71
e Prete •red
Brooklyn.
100 n90
50 240 245
16
American Surety
1st M g 5s '31 red__ _ _A-0 I --- 18
1st 58 1930
M-N 102 106
Attn Avenue RR
American Thread pref_ _ _5 *13
2
3
Adjust Al 5s Apr 1 1931._
4 519
103
on 58 g 1931
A-0 101
Am Tobacco Co corn._ _ _100 x435 440
Standard Coupler corn.._ 11)0 33
38
Other Cities.
Amer Typeders corn._ ..100 49
B & WE 5s 1933____A-0 97 102
Si
100 100
Preferred
10 164 167
50 *51
Preferred
Am Gas & Elec corn
Brooklyn City Stock
100 103 102
5112
Standard Milling Co.. _100 16
18
Deb g 6s 1939
Preferred
50 *11
42
M-N
Con 5s-See Stock Exch sage list
119 100
Preferred
100 50
54
Amer Writing 1aper._....100
Amer Light & Tract_...100 286 200
Bklyn lIgts 1st 58 1941 A-0 98 102
2
1.1-N
212
1st 5s 1930
85
88
100 10412 1051.
ePreferred -See Stock Ex ch'ge list
Bklyn Queens Co & Sub
Preferred
Standard Oil of N J
100 028 635
elst 51 g 53 'lured 1051-3 8931 00
50
98 100
Bay State Gas
*12
e 1st g 5s '41 op 1916
Swift & Co-See Boston Stk Exc list
AU Ulf & W I SS Lines_100 10
97
98
e 1st con to '41 op '16 M-N
Binghlon (N Y) Gas Wks
10'2
1st 5s. See Chicago Stk Exc list
Preferred
100 25
A-0 95 100
Bklyn Rap Tran-See Stock Exc list
1st g 5s 1938
25 4 Texas Company-See Stock Exc list •
3
Col tr g 5s 1950
75
Coney Is! & Bklyn
100 60
J-J
7212 7523 e Texas & Pacitie Coal...100 95 100 •
Brooklyn Un Gas-See Stk Exc list
83
Barney & Smith Car..--100 25
1st cons g 4s 1948_ _ J-J 78
5
0
Buffalo City Gas stook_ _100
27 'Title Ins Co of N Y
100 1371! 145
Preferred
80
Con g 4s 1955
8o
E'xc list
J-J 75
90
100
1st 5s 1947 See Stock
Tonopah Min (Nevada)__ _1
812 814
Bethi'm Steel Corp-See S tk Ex list
Brk C & N 53 1939_ _
95 100 Cities Service Co
100 6912 70
4
8
Trenton Potteries corn...100
Kings Co El 45-See Stock Exc list
8012 Bliss Company com
1
50 122 125
100 79
Preferred
100 50
55
Preferred new
Nassau Elec pref
Preferred
50 123 126
100
06
Con Gas of N J 58 1936 _J-.4 93
100 30
Trow Directory
53 1944
A-0 103 105
Bond & Mtge Guar
100 245 250
Consumers' L H dr Pow
6731;
Underwood Tyatavritpr_100 62 1st 4s 1951-See Stock Exo list
Borden's Cond Milk
100 120 1::2
Ss 1938
J-D 100
100 101 10212
Preferred
N W'b'g & Flat 1st ex 43is 87
Preferred
92
100 10712 103.2 Union Typewriter corn....100 43
Denver Gas & Eiec
100 190 210
46
Steinway 1st to 1922___J-J 101 104
British Col Copper
5 *638 678
Gen g 5s 1949 op__ _M-N 90
92
100 104 108
1st preferred
Butte Coalition Mining_ 15 *18
Elizabeth Gas Lt Co__ __10 300
100 103 107
19
2d preferred
Other Cities
Essex & Hudson Gas
77 :
100 138 :8: - Casein Co of Am corn.... _100
i
50 *49!: 52 23
4 314 United Bk Note Corp
Buffalo Street RyPreferred
100 23 60
Gas & El Bergen Co..
100
50 *513 53
Preferred
1st consol 5s 1931_ _ _F-A 10412 10612 e Gr flap 1st 53 1915 __F-A 98 101
Casualty Co of Amer.._ ..100 125 140
United Cigar Mfrs
100 6012 7014
A-0 103 106
Deb 6s 1917
Celluloid Co
100 128 130
Hudson Co Gas
10 136 137
e Preferred
100 10319 10434
Columbus(0) St Ry........100
0614 Indiana Lighting Co_ _100 34
Cent Fireworks coin ......100
1 • 2
36
412 43
United Copper
100
4
100 166- 103
Preferred
Preferred
4s 1958 op
100 10
F-A
20
0
100
13
Preferred
Colum Ry con 5s-See Phi la list
100
Indianapolis Gas
50 6412 6514 Central Foundry
121 2 21
U S Casualty
100 215
1st g 53 1952
Crosst'n 1st 53 1933 J-D 101 10111
Preferred
100
A-0 78
83
- U S Envelope corn
52
100 50
0 Conn Ry & Ltg corn.....100 76 7612 Jackson Gas 5s g 1937.... A-0 88
Deb 6s'19 red at 105 _ M-N
9212
Preferred
100 110 113
80 e Laclede Gas
100 78
100 11132 11112 Chesebrough Mfg Co......100 Iiiiii- t356- U 44 Finishing
e Preferred
100 92 97 •
e Preferred__
_ _ 100
1st & ret 4s
-See Stock Exc list
Chino Copper Co
*2172 2212
Preferred
100 105 110 '
Madison Gas 6.31-- _ A-0 0
926....
100 55 53
90
Grand Rapids Ry pref_ 100 80
- -- City Investing Co
1st g Ss 1919
J-J 100 105
• Louise St 53 1930_ _ _J-J 10514 10612 Newark Gas to 1944.... Q-J 128 129
100 98 100
Preferred
Con g .5s 1929
J-3 95 100A
Newark Consol Gas
Lynn & I3os 1st 58 1921..J-D 104 106
100 97 9 9812 e Cladin(H B) corn
100 151 105
3
U S Steel Corporation
e Con g 53 1948
0 New Orl Rye az Lgt_....100 24
preferred
100 92 95
J-D 104
2414
e 1st
Col tr s 1 58 1951 opt '11 _ 11334 11438
e Preferred
100 6339 64
No Hudson L H & Pow
100 93 --e 2d preferred
Col tr s 1 5s '51 not opt.... 1133 11438
4
Gen Mg 43 1935
,
0
A-0 100
-See S tk Ex list
5.4 1938
Col de Hock Coal & I pf.100 --_ - U S Tit Cu & Indem
100
9211
•Pulz Sery Corp of NJ..
.100 11912 120
Pacific Gas & E. corn-100 6834 4
J-J
- 2 1st g 5s 1917
--.: e Utah Copper Co-See Stk Exo Ilst
Tr Nis 2% to 6% perpet 10212 104
Preferred
100 89
9012
Col tr 6s Oct 1956-- -J-2 /.. Westchester & Bronx Title
North Jersey St Ry.. 100 60
Pat & Pas Gas Sr Elec_100 87
99 Consol Car Heating....-100 x3i 16
& Mtge Guar
100 160 166
1st 4s 1948
7612 -- - M-S 102 103
M-N
77
e Con g 5s 1949
Consol Rubber Tire--100
114 2
Westingh'se Air Brake.... 50 *144 146
Ccrns Tract of N J..._ _100 7412 7512 St Joseph Gas 53 1937...J-J 90 94
Preferred
100
- - 20
West El dr.DIfg 5s-See Stk Exc list
18t 53 1933
J-D 10414 1043
Debenture 45 1951-A-0 / -4
40
Worthingt'n Pump pref_100 106 107 :1
35
Bid Ask
Electric Companies
Chicago Edison Co-See Ch cago list
Gr't West Pow 5s 1946__J-J 8512 87
e Kings Co El L & P Co..100 129 130
Narragan (Prov) El Co.._ _50
96
NY & Q El L & Pow Co_100 53 -- __
Preferred
100 8) .....
United Electric of N J__ _100 75 __ __
1st g Is 1949
J-D 7312 7912
Western Power corn_
100 40
4112
Preferred
100 6612 68
•
Outside Securities
11163
*Per share. 8 Basle.
o Sells on Stock Exchange, but not veg active./ Flat price.
71 Nominal.
s Sale price.
t New stock. z Ex-div.
I Ex-right/
FEB. 11 1911.]
389
THE CHRONICLE
Anuestment
and ,i4aiiroati intelligence.
.....•••••••••••••••••••••••*.•••••••••••••••••,......
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures 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
period The returns of th3 electric railways are brought together separately on. a subsequent page.
Latest Gross Earnings.
ROADS
Week or
Month.
Current
Year.
July 1 to Latest Date
Current
Year.
5
5
Ala N 0 h Tex Pac61,000
57,000 1,962,553 1,826,617
N 0 & Nor East.. 2d wk Jan
30,000
931,518
Ala & Vicksburg.. 2d wk Jan
28,000 1,014,877
800,594
Vicks Shrev & P.. 2d wk Jan
24,000
22.000
860,735
11,850
39,420
Ala Tenn & North._ December
8,083
57,740
4th wit Jan
57,943
Ann Arbor
54,834 1,192,078 1,120,359
Atoll Topeka & S Fe December 0,602,113 8,389,776 55,676,326 52,897,541
76,644
Atlanta Birm & At'4th wk Jan
67,859 1,647,752 1,510,877
Atlantic Coast Line December 3,114,245 2,892,845 14,922,984 13,973,045
g Baltimore & Ohio December 6,841,826 6,984,581 46.906,377 45,027,781
620,536
B & 0 Ch Ter RH December
115,436 105,810
797,979
Bangor & Aroostook December
256,068 220,437 1,408,504 1,415,670
36,134
8,504
Bellefonte Central_ _ December
7,989
48,228
Boston & Maine.._ _ December 3,528,564 3,430,362 23,529,782 22,756,189
26,239
3,336
Bridgeton & Saco R December
28,185
3,635
Buff Roch & Plttsb_ 1st wk Feb 167,918 181,364 5,886,772 5,603,410
199,184 172,832 1,194,088 1,258,434
Buffalo & Susq____ December
Canadian Northern_ 4th wk Jan 259,200 246,500 8,869,200 7,581,600
Canadian Paciflo___ 4th wk Jan 1,884,000 1,973,000 61,437,052 55,932,512
Central of Georgia__ 4th wk Jan 372,700 330,500 7,861,583 7,270,751
Central of New Jer_ December 2,957,045 2,790,926 15,017,929 14,432,471
Central Vermont..__ NOVCIIIber_ 337,686 323,147 1,731,828 1,693,612
2,095
Chattanooga South.. 2d wk Jan
1,673
51,413
45.395
Ches & Ohio Lines_ 4th wit Jan 971,275 881,997 19,755,097 18,196,567
Chicago & Alton___ 4th wk Jan 314,238 357,111 8,906,702 8,187,860
Chic Burl & Quincy December.. 7,451,014 0,561,482 48,261,260 45,410,618
p Chic Great 'West_ 4th wk Jan 255,268 272,520 7,503,255 6,805,606
Chic Ind & Louisv_ 4th wk Jan 142,535 153,543 3,635,313 3,480,308
Chic Ind & Southern -See New York Con tral.
Chic Mil & St Paul.. December 5,407,238 4,345,148 35,522,391 33,912,588
Ch MU & Pug Sd- December 1,22(1,120 800,977 7,513,501
-„
Chic & North West.. December 6,100,729 5,340,406 40,570,807 39,165.192
Chic St P M & 0..__ December 1,373,621 1,102,152 8,888,683 7,790,842
758,752 743,159 5,004,886 4,977,943
Cm n Ham & Dayton December
Ciev Cln Chic & St L -See New York Cen tral.
Colorado Midiand.._ November.. 195,472 255,253
953,634 1.122,728
Colorado & South__ 4th wk Jan 415,676 471,399 10,435,875 10,051,834
Copper Range
October___
58,858
64,101
256,545
274,098
Cornwall
December
12,856
20,792
95,427
86,251
Cornwall & Leban_ December
28,306
41,052
235,232
189,235
Cuba Railroad
237,118 211,583 1,261,035 1,019,266
December
Delaware & Hudson December 1,695,839 1,758,680 10,762,065 10,301,184
Del Lack & West
December 3,033,375 2,998,097 18,534,818 18,487,873
Deny & Rio Grande 4th wit Jan 544,100 621,000 14,029,818 14,067,876
Denver N W & Pac_ 4th wit Jan
15,980
15,231
611,522
693,271
33,605
008,379
26,778 1,137,908
Det Tol & Iront syst 3d wk Jan
29,609
692,492
31,902
687,958
Detroit & Mackinac 4th wk Jan
November.. 419,143 852,560 4,936,070 6,336,074
Dui & Iron Range
87,882
78,800 1,070,068 1,939,628
Dul So Sh & Ati__ _ 4th wk Jan
043,304 611,620 3,652,956 3,573,877
El Paso & Sou West December
December 4,546,742 4,575,407 29,590,307 28,447,031
Eric
1,851
2,084
12,136
11,799
Fairchild & Nor EL.. December
68,342
64,841
496,797
452,698
Fonda Johns & Glov December
December
295,385 282,896 1,643,728 1,585,067
Georgia Railroad
Georgia South Sc Fla -See Soot hero l{all way.
Grand Trunk Syst_ _ 4th wk Jan 1,061,580 1,008,257 20,457,040 25,920,091
Grand Trk West_ 3d wk Jan 124,743 107,000 3,415,500 3,375,922
40,810
36,289 1,175,165 1,153,349
Doti Gr Hay & MB 3d wk Jan
35,200
32,347 1,071,236 1,190,886
Canada Atlantic.. 3d wk Jan
3,533,567 4,195,807 38,257,759 39,094,314
Great Northern Syst January
179,553 207,313
655,570
698,603
Gull & Ship Island.. October __
. 583,563 553,454 4,204,611 4,045,190
Hocking Valley_ _ December.
Illinois Central ____ January __ 5,214,151 4,013,048 36,823,775 34,287,834
Internat & Gt Nor.. 4th wk Jan 268,000 202,000 5,703,872 5,229,963
a Interoceanic Mex.. 4th wk Feb 289,217 277,419 5,063,922 4,823,038
85,215
4th wk Jan
73,245 2,079,691 1,906,825
Iowa Central
1,443,087 1,185,156
Kanawha & Mich.... November_ 261,078 248,03
917,210 801,949 5,382,904 4:608,746
Kamm City South_ December
56,700
51,200 1,160,871 1,004,241
th wk Jan
K C Alex & Orient
December 3.033,692 3,022,795 18,714,036 18,237,720
Lehigh Valley
43,734
36,082
254,064
224,531
Lexington & East.._ December
Inc. 43, 150
December
Inc. 318, 345
Long Island
122,526 102,266
723,035
630,084
Louisiana & Arkan_ December
107,016
97,790
642,653
Loutsv Stead & St L December
594,706
s Loutsv & Nashv__ 4th wk Jan 1,452,610 1,459,741 32,454,140 30,370,619
12,538
12,032
Macon & Birin'ham January
92,775
04,155
678,469 662,884 4,727,122 4,670,214
December
Maine Central
82,202
36,049
Maryland & Penna. December
232,034
218,732
a Mexican Railways 3d wk Jan 171,100 142,700 4,684,400 4,329,800
181,304 122,871
955,810
534,100
a Mexico Nor West._ November _
-See New York Cen tral.
Michigan Central
26,444
4th wk Jan
20,869
445,279
Mineral Range
504,886
80,298 3,163,086 2,988,605
Minneap Se St Louis 4th wk Jan 112,142
Minn St P & 8 S M1 4th wk Jan 456,219 503,074 13,368,607 14,400,761
Chicago Divisionj
81,699
77,485
468,214
Mississippi Central_ December..
434,338
u Mo Kan & Texas_ 4th wk Jan 870,890 843,880 18,208,360 16,272,424
Missouri Pacific...... 1st wk Feb 1,067,000 1,054,000 33,068,376 32,305,090
Ado Pac & Iron Mt1
Central Branch_ f 4th wk Jan 1,495,000 1,465,000 31,981,502 31,250,355
Nashv Chatt & St L December.. 1,064,643 918,368 5,988,109 5,608,548
a Nat Rys of Mex.:- 4th wk Jan 1,757,059 1,766,787 37,276,938 33,290,434
2,818
6,175
211,792
276,507
Nevada-Cal-Oregon 2d wk Jan
7,000
7,573
Nevada Central _ _ _ November._
34,344
32,888
128,986 117,328
N 0 Great Northern November_
548,038
704,489
40,460
35,985 1,055,521
N 0 Mobile & Chic_ Wk Jan 28
943,419
July 1 to LatestDate.
Latest Gross Earnings.
Previous
Year.
5
Previous
Year.
ROADS.
Week or
Month.
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
3
5
Oct & Western December.. 734,169 636,951 4,977,401 4,449,260
NYNH& Hartf__ December 5,032,912 4.949,624 32,365,222 31,081,065
eNYC& Hud Riv December 8,455,540 8,012,452 52,937,679 50,598,089
Lake Shore & M S December 4,104,336 3,979,469 25,707,082 24,865,889
n Lake E & West December
488,291 495,209 2.942,446 2.876,649
Chic Ind & South December
359,806 325,935 1,813,910 1,796,630
Michigan Central December 2,577,490 2,345,050 15,707,410 14,825,098
Cleve C C & St L.. December 2,749,037 2,438,616 16,241,736 15,149,719
Peoria & Eastern December
334,098 283,412 1,944,309 1,690,504
Cincinnati North.. December
106,942
95,897
704,311
653,060
Pitts & Lake Erie December 1,002,133 1,379,792 8,769,078 9,506,305
Rutland
December
264,272 240,700 1.863,489 1,732,375
N Y Chic ec St L.. December
991,800 958,334 5,789,354 5,404,735
Toledo & Ohio C.. December
446,892 355,568 2,924,299 2,311,353
Tot all lines above December 21970643 20910 433 137345102 130960403
December
N Y Susq & West
337.204 310,420 1,890,291 1,746,599
Norfolk Southern.... December
253,978 216.436 1,432,352 1,307,981
Norfolk & Western_ December 2,935,533 2,786,559 18,494,622 17,329,917
Northern Central
December 1,159,340 1,148,240 6,733,254 6,667.654
Northern Pacific.... December 5,013,848 4,389,908 36,478,552 40,071.711
December.. 605,664 608.000 4,370,717 4,276,797
Pacific Coast Co
Pennsylvania Co.... _ December., 3,776,570 4,014,803 28,403,030 27,768,343
-E of P & E December 13436 517 13877 317 83,916,641 83,424,241
d Penn
Dec. 23 1,200
d West of P & E. December
Inc. 1,64 6,800
December 1,403,323 1,320,495 8.516,184 8,267,144
Pere Marquette
Phila Balt & Wash_ December 1,587,503 1,480,203 10,016,938 9,155,838
Pitts Cin Ch & St L_ December 2,772,812 2,774,370 17,642,286 16,769,583
14,041
14,236
80,208
Raleigh & Southp't December
78,096
Reading Company
Phila & Reading.. December 4,012,167 3,936,286 23,053,296 22,280,517
Coal & Iron Co.... December 4,213,084 3,497,748 16,766,172 15,889,784
Total both cos..... December 8,225,251 7,434,034 39,819,468 38,170,301
905.555
830,156.
Rich Fred & Potom November_ 177.166 178,927
95,204 110,902
478.130
November
491,225
Rio Grande June
361,207
11,407
16,800
4th wk Jan
297,882
Rio Grande South
December 0,042,335 5,079,705 36,517,883 34,730,741
Rock Island Lines
869,298
924,529
141,527 115,722
St Jos & Grand 1st_ December
St Louts & San Fran December 3,914,986 3,510,997 22,770,540 21,631,161
Chic & East Ill.... December 1,182,289 1,046,620 6,589,948 6,018,725.
231,757 201,624 1,439,071 1,287,623
f Evansv & Ter H December
Total of all lines_ December 5,329,032 4,759,242 30,799,539 28,937,512'
26,604 1,119,390
750,134:
St L Rocky Alt&Pac December.. 220,356
St Louis Southwest. 4th wk Jan 348,689 312,999 7,498,329 6,707,766,
San Ped L A & S L_ November_ 708,717 641,198 3,350,374 3,469,248:
Seaboard Air Line_ 4th wk Jan 573,580 505,532 12,079,734 11,190,844',
124,372 124,966
748,340
Southern Indiana.._ November_
604,5681
Southern Pacific Co December 11566 464 11316 037 71,137,723 69,951,9831
Southern Railway.._ 4th wk Jan 1,578,267 1,426,083 35,877,234 33,764,511:
Mobile & Ohio__ _ 4th wk Jan 334,961 320,341 6,499,920 6,115,995;
Cln N 0 & Tex P. 4th wk Jan 272,743 253,876 5,594,461 5,185,046,
Ala Great South_ 4th wk Jan 150,625 145,509 2713„143 2,394,993
65.045
64,590 1,429,864 1,390,851
Georgia Sou & Fla 4th wk Jan
Texas & Pacific__ 4th wk Jan 501,654 563,857 10,267,670 9,703,767
7,559
8,330
42,432
41,275
Tidewater & West.. December
40,072
41,029
Toledo Peor & West 4th wk Jan
785,272
704,676
82,926
88,653 2,264,922 2,260,538.
Toledo St L & West 4th wk Jan
8,246
7,825
43,484
40,659
Tombigbee Valley.... December
Union Pacific Syst_ December 7,347,352 7,034,834 49,825,417 47,850,839
December.. 939,442 810,595 5,652.446 4,955,552'
Vandalta
94,384
677,378
616,589'
124,164
Virginia & Sou West December
1st wk Feb 528,181 566,575 18,540,08317,779,539.
Wabash
Western Maryland.. November.. 567,451 569,810 3,226,674 2,910,5531
386,674 346,374 3,768,306 3,367,406
West Jersey & Seash December
Wheeling & Lake E November_ 584,280 621,756 3,164,868 3,092.772*
167.177,
33,701
26.679
169.303
Wrightsville & Tenn December
Yazoo & Miss Valley January __ 1,056,291 896,791 6,687,488 6,193,123
NY
Various Fiscal Years.
Period.
Jan
Bellefonte Central
Jan
Delaware & Hudson
Jan
a Mexican Railway '
Jan
a Mexico North Western
e N Y Central & Hudson River_ Jan
Lake Shore & Michigan South Jan
Jan
n Lake Erie & Western
Chicago Indiana & Southern_ Jan
Jan
Michigan Centr.il
Cleve Cin Chicago & St Louis_ Jan
Jan
Peoria & Eastern
Cincinnati Northern
Jan
Pittsburgh & Lake Erie
Jan
Rutland
Jan
New York Chicago & St Louis Jan
Toledo & Ohio Central
Jan
Total all lines
Jan
Northern Central
Jan
d Penn-East of Pittsb & Erie_ Jan
d West of Pittsburgh & Erie
Jan
Phila. Baltimore & Washington.. Jan
Pittsb On Chicago & St Louis
Jan
Rio Grande Junction
Dec
Texas & Pacific
Jan
West Jersey & Seashore
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Dec
Deo
Jan
Nov
Dec
Dec
Dec
Dec
Deo
Dec
Dec
Deo
Dec
Deo
Dec
Dec
Dec
Dec
Deo
Deo
Dec
Dec
Nov
Jan
Dec
Current
Year.
Previous
Year.
31
587,502
365,386
31 20,397,317 19,598,551
21
472,500
427,800
30 2,024,701 1,151,939'
31 99,908,478 93,172,861
31 49,420.211 45,110,997
31 5,513,326 5,043,990
31 3,739,668 3,223,313
31 29,694,815 27,415,466
31 30,423,005 27,657,741'
31 3,536,068 3,026,856,
31 1,294,277 1,177,691.
31 17,052,697 14,838,947
31 3,339,834 3,102,433
31 11,238,877 10,076,207
31 5,089,986 3,940,889,
31 260251242 237766391
31 12,923,648 12,378,648
31 164340 590 153567 090
31
Inc. 11, 026,700
31 19,099.349 17,621,040
31 34,433,977 30,359,683
989,114
30 1,033,948
31 1,322,540 1,361,281
31 6,388,258 5.765.956
AGGREGATES OF GROSS EARNINGS-Weekly and Monthly.
Weekly Summaries.
Ifd week
ith week
1st week
id week
Id week
ith week
1st week
Id week
3d 'week
atii week
Nov
Nov
Dec
Dec
Dec
Deo
Jan
Jan
Jan
Jan
(40 roads).....
(40 roads)
(34 roads) ____
(42 roads) ____
(41 roads)___..
(48 roads) ___ _
(44 roads)..-_ _
(43 roads) ___ _
_
(44 roa(ls)
(42 roads)....
Cu r'n1 Year Prev's Year Inc. or Dec.
14,278,852
17,439,211
10,074,886
13,408,331
13,941,020
19,445,290
11,577,755
12,308,531
12,058,296
18,325,728
3
13,578.646
16,978,284
9,534,006
12,525,875
12,9.17,706
18,207,431
11,021,419
11,925,053
12,428,232
18,028,030
+700,206
+460,927
+539,890
+882,474
+994,124
+1,237,859
+556,336
+473,538
+530,0(14
+207,669
Monthly Summaries.
5.16
2.71
5.63
7.11
7.68
6.80
5.05
3.97
4.27
1.65
Current Yd. Previous Yr. Inc. or Dec.
Mileage Curr.Yr. Prey. Yr.
March
235,925 230,841 237,533,005 204,918,997
April
237,569 200,463 225,225,596 196,595,911
May
237,560 232,494 234,310,842 201.069,381
June
238,108 232.054 237,036,159 209,270,887
238,169 233,203 230,615,776 217,803,354
July
August ____238,493 239,404 254,005,972 235,726,000
September__240,678 237.809 256,647,702 246,335,586
241,215 237,835 283,464,605 260,821,546
October
November__237,596 233,340 246,650,774 245,651.263
December __ 88,359
85,852 68,146.998 62.782.122
%
+32,616,008 15.91
+28,629,685 14.51'
+33,241,261 15.51
+27,765,272 13.27;
+12,812,422 6.90:
+18,279,972 7.7S'
+10,312,116 4.11!
+2,643,059 1.01,
+999,511 0.4*
+5,364,874 8.66
a Ali:stead currency. 4 Cover: lines directly operateil. e Includes the New York & Ottawa, the St. Lawrence & Adirondack and the Ottawa It
N. Y. Ity. th, latter of whIcl being a Can:titan road, does not make returns to the Inter-State Commerce Commission.
Includes Evansville
Includes the develan.I Lorain It Wheelin4 ity, in both years. n Includes the Northern Ohio ltd. p Includes earnings at MasonOttfr
indiana
si Ft Dodge and Wise Minn. It
s Includes Louisville & Atlantic from July 1 1909 and the Frankfort & Cincinnati from Nov. 1 1909.
I Ia.
Midas the Mexican International from July 1910. u Includes the Texas Central In 1910.
THE CHRONICLE
390
-In the table which
Latest Gross Earnings by Weeks.
follows we sum up separately the earnings for the fourth week
of January. The table covers 42 roads and shows 1.65%
increase in the aggregate over the same week last year.
Fourth week of January.
1911.
1910.
Increase. Decrease.
$
$
$
150,625
145,509
5,116
Alabama Great Southern
57,943
54,834
3,109
Ann Arbor
76,644
67,859
8,785
Atlanta Birmingham & Atlantic
252,069
231,399
20,670
Buffalo Rochester & Pittsburgh
259,200
246,500
12,700
Canadian Northern
Canadian Pacific
1,884,000 1,973,000
372,700
330,500
Central of Georgia
42,200
Chesapeake & Ohio Lines
971,275
881,997
89,278
314,238
Chicago & Alton
257,111
57,127
Chicago Great Western
255,268
272,520
142,535
Chicago Ind & Louisville
153,543
272,743
253,876
18,867
Cino New On & Texas Pacific
415,676
Colorado & Southern
471,399
544,100
Denver & Rio Grande
621,000
Denver Northw & Pacific
15,980
15,231
749
29,609
Detroit & Mackinac
31,902
87,882
Duluth South Shore & Atlantic_
78,809
9,073
Southern & Florida_ _ _ _
Georgia
65,045
64,596
449
Grand Trunk of Canada
Grand Trunk Western
1,061,580 1,008;257
53,323
& MIivr_ _
Det Grand Haven
Canada Atlantic
International & Great Northern
268,000
262,000
6,000
Interoceanic of Mexico
289,217
277,419
11,798
Iowa Central
85,215
73,245
11,970
Kansas City Mexico & Orient__
56,700
51,200
5,500
Louisville & Nashville
1,452,610 1,459,741
Mineral Range
26,444
20,869
5,575
St Louis
Minneapolis &
112,142
89,293
22,849
Minneapolis St Paul & S S M...1
456,219
503,074
Chicago Division
Missouri Kansas & Texas
870,890
843,880
27,010
Missouri Pacific
1,495,000 1,465,000
30,000
Mobile de Ohio
334,961
320,341
14,620
National Railways of Mexico_ _ _ 1,757,959 1,766,787
Rio Grande Southern
11,407
16,800
St Louis Southwestern
348,689
312,999
35,690
Seaboard Air Line
573,580
505,532
68,048
Southern Railway
1,578,267 1,426,083 152,184
Texas & Pacific
501,654
563,857
Toledo Peoria & Western
40,072
41,029
Toledo St Louis & Western_
82,926
88,653
Wabosh_.
780,415
754,664
.
ft!, )
z c:
• Total (42 roads)
18,325,728 18,028,059 712,690
Net increase (1.65%)
297,669
ri
$
___ _
89,000
17,252
11,008
55,723
76,900
2,293
___
7,131
46,855
8,828
5,393
62,203
957
5,727
25,751
415,021
For the month of January the returns of 44 roads show
as follows:
Month of January.
Gross:earnings (44 iroads)
11911.
1910.
Increase.
1
58, 5,765 57,068,622 1,287,143
35
[VoL. Lxxxxii.
-Gross Earnings--Net Earnings
Current
Previous
Previous
Current
Year.
Year.
Year.
Year.
$
S
$
$
N 'V Cent & Hud Riv (Con)Clnoln Northern_ b_ __Dec
106,942
95,897
20,491
29,812
Jan 1 to Dec 31
1,294,277 1.177,691
270,788
278.578
Pitts & Lake Erie_b_Dec 1,092,133 1,379,792
445,430
732,532
Jan 1 to Dec 31
17,052,697 14,838,947 9,106,631 8,419,746
Dec 264,272
Rutland b
240,700
70,143
56,960
3,339,834 3,102,433
Jan 1 to Dec 31
983,578
900,588
N Y Chic & St L..b__ _Deo 991,800
958,334
279,398
369,240
11,238,877 10,076,207 3.409,221 3,356,832
Jan 1 to Dec 31
Toledo do Ohio Cent_b Dec 446,892
355,568
142,700
98,457
5,089,986 3,940,889 1.847.105 1,254,131
Jan 1 to Dec 31
Dec21,970,643 20,910,433 5,073,764 6,513,513
Total all lines_ b
260,251,242 237786,391 74,049,741 79,612,923
Jan 1 to Dec 31
N Y New Haven & Hartford-b
15,889,880 15,528,904 5,402,200 5,796,130
Oct 1 to Dec 31
32,365,221 31,081,064 11,721,442 12,134,411
July 1 to Dec 31
61,977,825 57,777,899 21,591,482 21,492,748
Jan 1 to Dec 31
608,000
87,107
Dec 605,664
91,260
Pacific Coast
911,565
4,370,717 4,276,797
July 1 to Dee 31
956,700
St Lawn & Adirond_b155,893
88,538
185,424
44,935
July 1 to Sept 30
992,431
St Louis & San Fran_ b__Dec 3,914,986 3,510,994 1,118,074
22,770,520 21,631,164 7,119,408 6,412,115
July 1 to Dec 31
386,567
315,634
Chicago & East Ill_b_Dec 1,182,289 1,046,620
6,589,948 6,018,725 2,102,401 2,122,002
July 1 to Dec 31
201,624
78,848
66,504
Evansv & T H'te_b_ _Dec 231,757
1,439,071 1,287,622
545,057
536,359
July 1 to Dec 31
Dec 5,329,032 4,759,242 1,583,490 1,374.569
Total all lines_b
30,799,539 28,937,512 7,766,866 9,070,536
July 1 to Dec 31
8,330
7,559
1,500
2,838
Tidewater Western_b_ _ _Dec
42,432
41,275
4,214 •
7,525
July 1 to Deo 31
Deo 1,763,169 1,655,169
652,650
671,209
Texas & Pacific_ b
16,375,805 14,960,652 4,102,904 4,052,334
Jan 1 to Dec 31
317,747
p81,619 2/111,105
Toledo St L & West_a_ _Dec 327,991
July 1 to Dec 31
1,991,165 1,975,870 p594,480 p704,604
Tombigbee Valley_ b_ __Dec
8,246
7,825
3,413
3,375
July 1 to Dec 31
16,204
43,484
40,659
14,338
Wabash b
Dec 2,597,620 2,345,847
587,618
602,204
July 1 to Dec 31
15,871,265 14,930,746 4,837,129 4,942,707
Roads.
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Includes the N. Y. & Ottawa, the St. Lawrence & Adirondack and the
Ottawa & N. Y. By.. the latter of which, being a Canadian road, does not
make returns to the Inter-State Commerce Commission.
e Includes the Northern Ohio RR.
p For December miscellaneous credits to income were $134,575, against
5417,7101n 1909, and for period from July 1 to Deo. 31 were $99,400 in 1910,
against $374,245 in 1909.
s After allowing for miscellaneous charges to income for the month of
Dec. 1910, total net earnings were 5192.955, against $178,790 last year, and
for period from July 1 to Dec. 31 were $1,457,436 this year, against
12.413,475..
Interest Cffiaalpes and Surplus.
2.24-
-Int.. Rentals, etc.- -Bal. of Net Earns.
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
640
593
def 136
Bridgeton & Saco River Dec
495
3,646
3,715
5,079
July 1 to Dec 31
4,851
Net Earnings Monthly to Latest Dates.
-The table folDec 545,307
552,852
995,921
Central of New Jer
998,917
lowing shows the gross and net earnings of STEAM railroads
3,191,111 2,889,189
3,366,327 3,945,380
July 1 to Dec 31
reported thisliweek:
36,667
Dec
38,667
61,046
58,353
Cuba RR
220,000
215,210
300,202
-Gross Earnings- -Net Earnings
131,894
July 1 to Dec 31
Current
Previous
Current
Previous
94,564
111,134 zdef15,917 zdef31,412
Duluth So Sh & Ati_ _ _ _Dec
Roads.
Year.
Year.
Year.
Year.
577,291
580,863
x63,342
x19,511
July 1 to Dec 31
$
$
I
$
27,877
24,139
x27,727
z24,849
& Arkansas_ _Dec
Ala Tenn & Nor_b
Des
11,850
8,083
6,162
5,473 Louisiana 1 to Dec 31
x142,868
139,767 x150,674
161,753
July
July 1 to Dec 31
57,740
39,420
21,710
28,509
x12,056
21,894
20.452 xdef3,210
Loulsv Hend & St L_ _ _ _Dec
Bridgeton & Saco Riv_Dec
3,336
3,635
504
1,088
x67,715
107,417
98,505
x43,298
July 1 to Dec 31
July 1 to Dec 31
28,185
26,239
8,794
8,497
Dec
19,220 xdef3,038 xdef7,860
10,602
Mineral Range
Central of New Jer_b__Deo 2,957,045 2,799,926 1,541,228 1,551,769
76,502
85,237 zdef64,486 zdef11,038
July 1 to Dec 31
July 1 to Dec 31
15,017.929 14,432,471 6,557,438 6,834,549
New London Northern
Chicago & Alton_a
Deo 1,268,057 1,089,575
3261,744
3226,868
62,988
def4,438 def24,504
62,988
Oct 1 to Dec 31
July 1 to Dec 31
7,795,310 7,199,954 31,910,797 32,664,936
125,976 def43,374 def40,348
125,976
July rto Dec 31
235,825
251,952zdef106,045 zdef66,343
Chic Burl & Quincy_b_Dee 7,451,014 8,561,482 2,578,187 1,591,609
Jan 1 to Dec 31
48,261,260 45,410,618 17,108,145 13,720,234 N Y New Haven ec Hartford
July 1 to Dec 31
5,161,133 5,461,984 z1,605,416 x2,323,537
462,198
Chicago Ind & Loulsy__ _Dec 470,602
114,631
Oct 1 to Dec 31
146,365
9,416,330 10,484,333 x4,557,120 x5,639,073
3,218,374 3,065,893 1,056,371 1,165,262
July 1 to Dec 31
July 1 to Dec 31
20,438,408 20,065,716 x9,714,922x10,268,755
Jan 1 to Dec 31
Chic Milw & St Paul_b_ _Dec 5,407,238 4,345,148 1,209,938
655,007
35,522,390 33,912,588 10,020,180 11,049,954 St Law to Adirondack
July 1 to Dec 31
z52,424 zdef8,171
53,291
37,245
July 1 to Sept 30
800,977
Chic Milw & Pug Sd_b Dec 1,226.120
552,269
391,223
7,513,501
July 1 to Dec 31
3,644,790
x After allowing for other income received.
Chicago & Nor West _b_Deo 6,100,729 5,340,466 1,590,834
915,416
40,579,807 39,165,192 12,512,466 12,494,859
July 1 to Dec 31
ELECTRIC RAILWAY AND TRACTION COMPANIES.
211,583
Dec 237,118
97,713
Cuba RR
95,020
July 1 to Dec 31
1,261,935 1,019,266
520,202
347,104
Jan. 1 to latest date.
236,365
75,638
Duluth So Sh & Ati _b_ _Deo 249,753
72,164
Latest Gross Earnings.
1,734.948 1.719,743
601,751
July 1 to Deo 31
570,560
Name of
Previous
Current Previous Current
Road.
'
Week or
Great Northern_b
Dee 4,658,246 3,819,886 2,011,558 1,024,931
Year.
Year.
Year.
Year.
Month.
July 1 to Dec 31
34,823,597 34,898,507 15,741,516 16,271,113
14,629
Dec
43,734
36,982
Lex & Eastern_b
11,648
$
254,964
224,531
July 1 to Dec 31
86,525
59,423 American RYs Co___ December,. 340,575 316,867 3,927,108 3,638,465
124,874 117,202 1,673,227 1,536,059
Louisiana & Arkansas_a_Dec
122.526
102,266
45,842
39.817 c Au Elgin & Chic By December
535,252
565,637
July 1 to Dec 31
723,035
639,084
254,054
231,018 Bangor Ry & Elec Co December.. 47,515 45,156
99,757
11,003 10,167
110,174
Louisv Bend & St Lou_a Dec
107,016
97,790
18,334
32,203 Baton Rouge El Co_ _ December
27.609 25,911
November_
July 1 to Dec 31
642,653
594,706
147,517
162,848 Binghamton By
130,786
7,672
8,001
119,626
Brock & Plym St By December
Maine Central_ b
116,575
662,884
177,473 Bklyn Rap Tran Sys_ October__ _ 1843,006 1774,322 18,298,858 17,301,007
Dec 678,469
July 1 to Dec 31
4,727,122 4,670,214 1,326,221 1,661,621 Cape Breton Elec Co_ December
285,799
29,520 27,909
326,010
219,693
Mineral Range-b
19,032
247,927
6,317
11,327 Carolina Pow & Lt Co December.. 24.876
Dec
64,934
69,791
497,595
533,991
July 1 to Dec 31
55,509 52,252
3,210
72,634 Cent Park N & E Riv October__ _
379,875
439,286
754,488
Central Penn Trac__ _ December.. 73,791
831.167
66,741
Missouri Pacifle_b
4,248,735 1.185,231 1,159,748 Chattanooga By
Deo 4,459,874
771,582
875,078
July 1 to Dec 31
27,895,376 27,070,090 7,059,478 8,709,162 Chicago Rys Co & Lt December.. 75,659 64,417
November_ 1155,132 1054,168 11,420,384 10,352,502
New London Northern- b
321,173
ClevPalnesv & East December
355.460
27,234 23,600
58,550
292,240
38,484 Columbus (Ga) El Co December
304,674
Oct 1 to Dec 31
376,592
464,066
40,834 33,596
82,602
597,407
85,628 Coney Isl to Bklyn
593.582
•
July 1 to Dec 31
October __ _ 114,932 113,842 1,287,879, 1,276,420
127,268
183,190 Dallas Elect Corp_ _ _ December
1,171,662 1,141,903
Jan 1 to Deo 31
139,292 119,766 1,409,318 1,320,122
618,381
4th wk Jan 222,350 205,592
686,843
g N Y C & Bud Riv_b__ _Dec 8,455,546 8,012,452 1,630,553 2,291,793 Detroit United By
524,731
514,301
99,908,478 93,172,861 25,829,391 28,578,034 DDEB & Bat (Bee) October__ _
51,089 53,498
Jan 1 to Dec 31
896,348
Duluth-Superior Trac November_
1,
98.315
9)4.309 85,309
876,389 1,356,238
Lake Sh & Mich Sou b Dec 4,104,336 3,979,468
49,420,211 45,110,997 14,499,278 17,087,336 East St Louis & Sub_ December.. 202.814 185,225 2,364,142 2,035.790
,
Jan 1 to Dec 31
600,958
El Paso Electric
640,658
December
65,188 59,667
495,209
109,545
161,288 Fairm & Clarks Tr Co December
• e Lake Erie & West_ b_Deo 488,291
472,251
611,644
54,460 42,261
5,513,326 5,043,990 1,216,233 1,183,547 Ft Wayne & Wabash
•
Jan 1 to Dec 31
Valley Traction Co November. 123,554 123,651 1,389,640 1,284,806
325,935
359,806
100,569
Chic Ind & Southern b Dee
104,608
3,739,868 3,232,313
Jan 1 to Deo 31
921,314
795,238 42dStM&SNAv (Bee) October_ _ _ 133,841 125,005 1,196,311 1,121,337
Galv-Houst Elect Co_ December
115,123 100,867 1,312,986 1,206,544
Michigan Central_b_ _Deo 2,577,490 2,345,050
663,724
667,488 Grand Rapids By. Co December.. 96.274 90,144 1,132,578 1,029,011
Jan 1 to Deo 31
29,694,815 27,415,466 8,065,909 8,915,938 Havana Electric Co_ _ Wk Feb 4 50,476 39,976
192..006
220,707
Clev Mc Ch & St L b Dec 2,749,037 2,438,616
641,993
559,947 Honolulu Rapid Tran
413,025
. Jan 1 to Dec 31
453,853
December
30,423,005 27,657,741 6,927,385 7.946,247
41,162 36,070
& Land Co
319,906
311,474
25,032 26,083
Peoria & Eastern_bDeo 334,098
283,412
92,829
85,146 Houghton Co Tr Co_ _ December
226,908 179,364 2,083,702
&mil to Dee 31
3,536,068 3,020,856
972,948
896,712 Hudson & Manhattan October_
It will be seen that there is a gain on the roads reporting
in the amount of $1,287,143, or 2.24%.
Roads.
FEB. 11 1911.1
Name of
Road.
THE CHRONICLE
Latest Gross Earnings.
Week or
Month.
Current Previous
Year.
Year.
Jan. 1 to latest date.
Current
Year.
Previous
Year.
$
$
$
$
Millets Traction Co_ November_ 578,769 479,820
Interbor R T (Sub)- October.....: 1210,956 1214,341 5,597,634 4,859,145
Interbor R T (Elev)_ October__ _ 1336,698 1313,083 11,384,068
12,646,779
Jacksonville Elect Co December
55,306 49,012
576,081
486,777
Kan City Ry dc Lt Co December.. 684,385 622,049
7,518,335 6,926,265
Lake Shore Elm: Ry.. December
95,570 89,062 1,206,112 1,109,084
Long Island Electric.. October__
21,187 15,508
182,268
164,254
Metropolitan St (Ree) October__ 1208,758 1209,036
Mliw El By & Lt Co_ November_ 407,173 378,546 11,782,957 11,568,414
4,270,868 3,871,786
Milw Lt Ht & Tr Co_ Vovember_
79,848 73,127
975.856
856,952
Montreal Street Ry__ December.. 377,274
Nashville By & Light December.. 170,372 337,563 4,456,169 3,966,206
159,277
New Orleans Ry & Lt November_ 543,640 534,376 1.832,465 1,724,380
5,706,423 5,507,225
N Y City Interboro__ October__
22,751
15,822
100,508
143,313
NY & Long Island Tr October__ _
35,759 31,728
318,487
294 094
N Y & Queens County October_ _ _
99,152 83,345
948,896
831,626
Norf & Portsm Tr Co December.. 179,111 163.444
Northam Easton& W January __
11,927 10,757
11,927
10,757
North Ohio Trac & Lt December.. 201.973 182,012
2,437.426 2,177,642
North Texas Elec Co_ December
127,969
Northwest Elev Co.._ January __ 184,410 108,483 1,442,807 1,259,551
182,608
184,410
182,608
Ocean Electric (L I).. October__ _
4,250
4,264
104,504
101,806
Paducah Tr & Lt Co_ December
24,296
20,884
249,746
227,344
Pensacola Electric Co December
25,560 20,410
273,103
246,664
Port(Ore)Ry,L&PCo. December.
529,989 432,667 5,638,896 4,818,022
Puget Sound Eleo Co December
Richmond Lt & RR_ October___ 157,982 148,994 1,915,289 1,869,096
27,223
294,056
Rlo de Janeiro Tram
Light & Power Co.. December.. 997,007
642,302 10,942,047 7,527,560
St Joseph (hto) Fly Lt
• Heat 8: Power Co_ December..
979,554
Sao Paulo Tr Lt & P.. December.. 96,048 92,087 1,038,056
285,003 225,636 2,950,594 2,428,117
Savannah Electric Co December
53,514
50,288
603,813
632,356
Seattle Electric
_ Decembe
493,843 481,893 5,588,189 5,854,175
Second Avenue Co... October r
(flea)
__
78,565 76,723
711,299
717,893
Southern Boulevard_ October__ _
10,015
8,253
93,692
76,176
Sou Wisconsin fly Co December.. 15,453
14.226
179,348
161,809
Staten 1st Midland__ October __ _
10,569
228,919
Tampa Electric Co__ December
,
47,254
592,964
596,303
Third Avenue (Ree)_ October__ 291.330 56,389
Toledo Rys & Lt Co_ November_ 261,010 266,272 2,964,092 2,535,252
246,185 2495.194 2,466.996
Toronto By Co
December.
.
4,377,116 3,926.828
Twin City Rap Tran_ 4th wk Jan 195,451
186,242
609,212
577,647
Underground El By
of London
Three tube lines__ Wk Feb 4 £14,065
£71,935
Metropolitan Dist_ Wk Feb 4 £11,657 £13,315
£67,775
£58,909
£53,775
• United Tramways_ Wk Feb 4 £4,778 £10,744
£5,031
£25,762
£25,838
Union (flee)
October__ 190,313 169,772
1,882,162 1,704,721
UnionRy,G&ECo(Iii) November_ 265,668
251,351 2,687,557 2,534,338
United RRs of San Fr December
Westches Eleo (Ree).: October__ 682,356 645,847 7,653,489 7,455,965
45,557 41,161
448,414
Whatcom Co Ry & Lt December
374,772
39,084 39,149
411,160
Yonkers RII (Bee).... October__
406,867
57,664
Youngst ed Ohio Riv.. December
17,340
14,891
309,966
221,640
e These figures are for consolidated company
.
Electric Railway Net Earnings.
-The followi
the returns of ELECTRIC railway gross and ng table gives
reported this week. A full detailed statement, net earnings
includi
roads from which monthly returns can be obtained, ng all
is
once a month in these columns, and the latest statem given
ent of
this kind will be found in the issue of Jan. 28
next will appear in the issue of Feb. 25 1911. 1911. The
391
ANNUAL REPORT&
Annual Reports.
-An index to annual reports of steam
railroads, street railways and miscell
aneous companies which
have been published during
given on the last Saturday of the preceding month will be
each month. This index will
not include reports in the issue
of
it is published. The latest index the "Chronicle" in which
of Feb. 4. The next Will appear inwill be found in the issue
that of Feb. 25.
Cleveland Painesville & Eastern
(Electric) RR.
(Report for Fiscal Year ending Dec.
311910.)
President E. W. Moore, Cleveland,
(compare map on page 31 of "Electr Jan. 25 1911, wrote
ic Ry. Section)":
Track and Roadway.-The 674-f
oot wooden trestle across Chagrin
Valley was replaced with a steel bridge.
River
2,000 feet of second track was
constructed on Shore Line at Wickliffe
-Lake. On account of Lake
road on Shore line and Euclid Ave. on-on-the
main
track and Newton's "Y" were lowered and line begin paved, 4,000 ft. of
ft. of track was lowered and re-ballasted. re-ballasted. On main line 700
Placed 13.260 6 in.x 8in x 8ft.
ties under track. During latter part of year
work was started on culvert
and fill at Willoughbeach Park to eliminate
reverse curve and trestle there.
Rolling Stock.-Three 52-ft. passenger coaches
were purchased, equipped
with Baldwin trucks, Westinghouse No. 304
motors and automatic airbrakes. These cars were put in operation
during September.
Franchises.
-On Dcc. 3 1910 the Village of Mentor
renewed our railway
franchise for a period of 25 years and granted
us
-year light and power
franchise. On Dec. 9 1910 the Commissioners a 25
a 25-year light and power franchise, covering of Lake County granted us
all of Lake County. On
Dec. 3 1910 a 10-year contract was made
furnishing street lighting; initial installationwith the Village of Mentor for
to be 105 (100-watt) tungsten
lamps.
Passengers carried
Earnings
Passengers
Chartered cars
Express and milk
Rent and miscellaneous
1910.
1909.
2,311,090 2,072.179
$286,185
3,931
28,468
36,885
$263,564
4,147
24,383
29,079
Gross income
$355,469 $321,173
Operating expenses
$175,169 $163,909
Per cent operating expenses to income
___ (49.27)
(51.03)
Net earnings
$180,300 $157.264
Deduct
Interest and taxes
106,618
101,283
Balance, surplus
$73.682
955,981
GENERAL BALANCE SHEET DECEMBER 31.
1910.
1909,
1910.
Assets
Liabilities$
Road and equipm't _3,883,934 3,810,012 Capital stock
•
2.0?0,000
Treasury bonds
118,000
123,000 Bonds
2,000,000
Cash
57,669
43,211 Accident fund
19,381
Stores
24,974
16,804 Bills payable
88,338
Securities owned_ _ _ _ 177,199 159,434 Current liabilities
_
106,938
Current assets
179.821 171,120 Surplus
284,599
Prepaid accounts... _
18,895
12,248
Willoughbeach Park 38,764
26,704
Total
-V. 92, p. 260.
4,499,2.56 4,362,533
Total
1908.
$251,907
3,603
19,245
30,989
$305,744
$168,494
(55.10.
$137.250
96.736
$40,515
1909.
$
2.000,000
2,000,000
19,538
34,100
94,950
213,945
4,409,286 4,362,533
Sears-Roebuck & Co., Chicago.
(Report for Fiscal Year ending Dec. 31 1910.)
INCOME ACCOUNT.
Year
Year
6 Moe.
Year
Dec. 31 '10. Dec. 31 '09. Dec. 31 '08. June 30'08.
Sales, less returns, allowances, discounts, &c..$61,329,792 $51,011,
536 $21,813.592 $40,843,866
Purchases, all exp. and
administration ch'ges_ 54,360,516 44,391,681
19,494,264 38,452,538
Gross profits
$6,969,276 $6,619,855 $2,319.328 $2,391,328
Other income
250,046
123,969
46,419
89,686
Total income
$7,219,322 $8,743,824 $2,365,745 $2.481,014
Interest
$59,479
$273,727
Repairs, renewals&depr. $409,446
$325,358
314,808
172.491
Other reserves
50,000
226,106
Common dividend _(7)2,100,000(414)1,350,
000
Preferred dividend
(7)617,750 (7)669,375(314)341,250 (7)682.5
00
Surplus for year
$4,042,126 $4,172,985 $1,659,209 $1,352,2
94
BALANCE SHEET DEC. 31.
Assets1910.
1909.
1908.
Real est., bldgs., plant, mach., goodwill, pat'ts, invest's in 0th. cos„&c.$39,443,965 $39,242,
811 $39,242,311
Additions during year
x864,546
x201,653
Supplies and merchandise
9,309,338
8,362,780
5.055,896
Outside enterprises wholly owned_
2,189,674
396,031
408,855
Advances to manufacturers
1,862,124
1,288,472
1,417,476
Sundry persons
509,670
494,555
69,772
Due from customers
160,932
103,450
60,810
Due railroads, claims, &c
95,957
69,843
322,708
Insurance in advance
59,268
29,962
25,475
Cash
1,123,233
1,674,593
1,645,662
Bonds owned
z2,187,004 el.393,523
Total
357,805,712 353,257,178 348,246,966
Liabilities
Common stock
$30,000,000 330,000,000 330,000,000
Preferred stock, 7% cumulative
8,800,000
9,000,000
9,750,000
Bills payable
1,000,00
Merchandise and other open accounts 4,307,02 0
1
4,539,197
2,780,938
Dividend on preferred stock
154,000
157,500
Interest Charges and Surplus.
170,625
Surplus
y13,544,691
9,560,476
5,545,403
-Int.,Rentals, &c.- -Del. of Net Earns.
Total
Current
Previous
357,805,712 $53,257.173 $48,248,986
Current
Previous
.
Roads.
Year.
Ye ir.
Year.
Year.
Internat fly (Buffalo)
x After deducting depreciation. y After deducting
-$
$
$
$242,260,
July 1 to Sept 30
paid for retiring $200,000 pref. stock. z Municipal and railroad amount
285,555
282,611
x413,881
x396,601 market value.
bonds.
Jan 1 to Sept 30
-V. 91, p. 1388.
832,131
851,073 x752,375
x694,468
Crosstown St RyPeoples Gas Light & Coke Co., Chicago.
July 1 to Sept 30
61,539
63,135
17,668
21,216
Jan 1 to Sept 30
181,670
184,878
(Report for Fiscal Year ending Dec. 311910.)
18,083
48,595
New York State RysPresident Geo. 0. Knapp, Feb. 10, says:
Oct 1 to Deo 31
205,941
158,775 x382,882
x211,760
July 1 to Deo 31
Gross earnings for the year were .
410,883
312,849
$15,530,349; for 1909 they were $14,x687,156 x473,684
Jan 1 to Dec 31
561,588. The net earnings were $3,154,332, equivale
764,070
481,899 x1.163,710 x689,192
outstanding stock. After the payment of dividend nt to 9.01% on the
Schenectady Rys, there was a surplus
of $704,332.
Oct 1 to Dec 31
20,407
29,053
x69,093
x55,683
The new office
July 1 to Dec 31
67,081
65,651 x196,600 x158,631 should be finishedbuilding is nearly completed; what remains to be done
within a month or six weeks.
Jan 1 to Deo 31
141,654
137,879 x331,036 z241,989
During the year upwards of 84 miles of mains,
Syracuse Rap Trans
were laid. The increase in gas meters set was in extension of the system,
Oct 1 to Dec 31
25,921; and in gas stoves
96,575
95,847
x37,182
x33,008 installed 26,199; and in arc lamps 2,926.
July 1 to Oct 31
193,065
180,889
z71,508
A committee of the City Council, through its experts
x17,957
and accountants,
United Traction Co (Albany)
has been engaged for a considerable period of time in
the work of investiJuly 1 to Sept 30
131,988
127,733 x148,604
x163,859 gating the cost to the company to manufacture and distribute gas, the value
Utica & Mohawk Valley
of the property, &c., as preliminary to fixing the
the ensuing 5 years. The present net rate of 85c. rates to be charged to
Oct 1 to Dec 31
73,249
74,500
per 1,000 cubic feet has
z70,163
x48,643
July 1 to Deo 31
147,209
149,012
x170,802 z108,610 been In force since Feb. 1 1906.
Jan 1 to Dec 31
During the year 33,000,000 of the refunding 5% gold
294,483
295,876 x258,058 z174,402
bonds were sold in
order to place the company in funds for necessary
x After allowing for other income received.
expenditures made and
to be made during the years 1910 and 1911.
-Gross Earnings- -Net Earnings-----Current
Previous
Current
Previous
Roads.
Year.
Year.
Year.
Year.
Internat Ry Co (Buffalo) _b$
$
•'
$
July 1 to Sept 30
1.509,499 1,390,889
695.702
670,894
Jan 1 to Sept 30
3,815,532 3,515,704 1,566,602 1,521,642
Crosstown St By_ b
July 1 to Sept 30
226,627
221,516
79,228
84,351
Jan 1 to Sept 30
662,056
626,487
199,774
213,473
Mexico Tramways __Dec 511,949
471,157
261,146
245,730
Jan 1 to Dee 31
5 882,533 5,439,118 2,996,609 2,719,128
New York State Rys-bOct 1 to Deo 31
878,374
792,542
392,150
287,283
July 1 to Deo 30
1,825,639 1,654,782
779,943
627,599
Jan 1 to Dee 31
3,421,791 2,489,299 1,358,146
930,421
Oklahoma City Ry_ b_ _ _Dee
55,314
41,227
18,053
12,184
Jan 1 to Dec 31
648,330
452,569
248,500
173,812
Schenectady Ry_bOct 1 to Dec 31
242,812
217,186
95,685
81,779
July 1 to Deo 31
592,291
513,350
258,899
217,925
Jan 1 to Dec 31
1,141,360
962,478
461,259
366,694
Syracuse Rap Trans_ bOot 1 to Dec 31
400,038
368,013
133,287
128,497
July 1 to Deo 31
809,593
739,881
263,992
208,351
United Trao Co (Albany)_ b
July 1 to Sept 30
572,715
554,361
228.489
241,557
Utica & Mohawk Valley-b
Oct 1 to Dec 31
315,266
281,704
142,999
122,3
July 1 to Deo 31
669,426
610,228
316.651
256,035
Jan 1 to Dec 31
1,257,620 1,179,994
550,056
967,479
Wash Salto & Annapolls_Deo
49,205
44,579
20,632
14,803
July 1 to Deo 31
357,855
181,209
Youngstown & Ohio River
July 1 to Dec 31
116,082
101,261
50,574
a Net earnings hero given are after deducting taxes.
b Net earnings here given are before deducting taxes.
g These results are in Mexican currency.
[VoL. Lxxxxii.
THE CHRONICLE
392
1907.
1908.
1909.
1910.
Statistics2,312
2,366
2,484
2,568
Miles of street mains......
446,723
469,084
496,615
522,536
Meters
229,199
254,362
279,080
305,279
Gas stoves_
22,648
21,085
17,630
18,060
Public lamps
60,822
75,025
84,335
87,261
Arc lamps
$15,530,349 $14,561,589 $13,738,970 $13,146,368
Gross receipts
7,973,626
8,222,625
8,504,597
Operating expenses.. _ _ _ 9,324,506
$6,205,843 $6 056,992 $5,516,345 $5,172,742
Net earnings
$1,982,633 $1,909,300 $1,884,300 $1,810,550
Interest on bonds
843,409
876,351
1,034,588
1,068,878
Charged off
$3,051,511 $2.943,888 $2,760,651 $2,653,959
Total
$3,154,332 $3,113,104 $2,755,694 $2,518,783
Balance for dividends
(7)2,450,000(6 4)2332036 (6)1,978,146 (6)1,978,146
Dividends (%)
$540,637
$777,548
$781,067
$704,332
Surplus for year
BALANCE SHEET, DECEMBER 31.
1909.
1910.
1909.
1910.
8
Liabilities$
$
Assets35,000,000 35,000,000
Capital stock
est., franch's,
Real
tun'is,mains,&c.82,699,338 79,086,611 Mortgage bonds_ _40,096,000 37,096,000
265,837
259,615
1,468,113 1.433,848 Gas bill deposits_
Materials
921,547
200,711 Accounts payable_ 1,271,536
128,459
Securities
286,735
1,010,087 1,320,434 Coupons past due_ 295,155
Accts. receivable
286,735 Bond interest as.
Bond coup. depos's 295,155
339,525
389,525
crued
922,565
990,993
Gas bills receivable
52,227 Deprec. de reserves 2,029,195 1,520,767
52,227
Other bills reedy_
12,123,280 11,418,948
4,810,934 3,546,428 Surplus
Cash
91,464,306 86,849,359
Total
91,464,306 86,849,359
Total
-The securities, $128,459, owned as above, consist of miscellaneous bonds,
Note.
$60,500; Green Street property, &c., $67,959.-V. 91, p. 876.
Cumberland (Bell) Telephone & Teleg. Co., Nashville, Tenn
(Report for Fiscal Year ending Dec. 311910.)
The report this year contains no text. A map of the company's system is given on page 150 of the "Railway & Industrial Section."
GROWTH OF SYSTEM BY TEN-YEAR PERIODS.
1911.
1901.
1891.
549
180
13
Number of exchanges Dec. 31
218,557
56.584
4,282
Number of subscribers Dec. 31
Dec. 31
$1,695,700 $6,017,700 $19,680,150
Capital stock issued
6,897,081
1,884,014
250,183
Gross earnings for the year
2,407,268
517,061
85,136
Net earnings for the year
175,768
130,574
32,124
Square miles territory served
8,004,795
4,845,737
1,532,680
Population in territory served
EARNINGS,EXPENSES, CHARGES, etc.
1907.
1908.
1909.
1910.
186,871
187,259
206,287
218,557
Total subscribers Dec.31
$4,882,420 $4,535,289 $4,232,429 $4,026,816
service
Exchange
1,661,887
1,654,700
1,861,009
1,922,758
Tolls
228,570
254,689
219,070
91,903
Other sources
American Can Company, New York.
(Report for Fiscal Year ending Dec. 31 1910.)
•
President W. T. Graham says in substance:
$6,897,081 $6,615,368 $6,141,818 $5;1117,273
Total
$419,834
$366,435
8384,484
General expenses
1
1,247 937
1,345,998
1,451,690
$3,894,410
Operating expenses...4$3.894,410
1,062,312
1,933,112
2,030,856
Maint., reconstrue'n, &cj
12,551
17,428
12,410
J
Miscellaneous
Total
Net earnings
Taxes
Interest
Dividends
$3,894,410 $3,879,440 $3,662,973 $3,642,634
$3,002,671 $2,735,928 $2,478,845 $2,274,639
319,847
331,172
432,182
405,000
202,103
154,243
146,899
190,402
(8)1,574,412 (8)1,574,412(7301476011 (7)1,327,681
$2,169,814 $2,153,493 $1,961,426 $1,849,631
Total deductions
$425,008
I$517,419
$582,435
$832,856
Surplus earnings
Total surplus Dec. 31 _ _ _ $4,802,024 $3,969,168 $3,286,202 $2,768,783
31.
BALANCE SHEET DECEMBER
1910.
1909.
1909. I
1910.
$
$
I Liabilities$
3
Assets19,680,150 19,680,150
26,584,433 26,042,430 ; Capital stock
Plant
998,000
1Bonds and debs.._ 994,000
Real estate and
4,802,024 3,969,168
801,309 Surplus
824,739
buildings
1,648,782 1,466,653
725,636 Reserves
869,100
Materials
496,425 Bills and accounts
Stocks and bonds_ 488,261
payable (net)___ 1,755,677 2,122,205
563,979
507,703
Cash
393,603
Undivided profits_ 393,603
the preceding year
The volume of our business In 1910 exceeded that of through the twelve
t continued
by a substantial amount. This improvemenfavorable showing. Earnings,
months, the last quarter making the most lines of product selling on a
however, were not relatively increased, some
lower basis than ever before.
was exIn addition to ordinary improvements and betterments, there
pended during the year In the purchase of new properties and extension
of existing factories $1,458,021, which, after charging oil $633,564 for depreciation, increased plant and construction accounts $876,232 as compared with Dec. 31 1909. During the same period working capital was in29,274,236 28,629,779
29,274,236 28,629,7791 Total _
creased $551,957.
Total
Prospects for 1911 are assuring, and current conditions justify the ex- -V. 91, p. 1632.
pectation of good business. While competition has increased and is aggressive, the company's products are growing in use and new lines of output
United Dry Goods Companies, New York.
constantly being developed.
-Year ending Jan. 15 1911.)
(Report for the Half
RESULTS FOR CALENDAR YBARS.
1907.
1908.
1909.
1910.
Presieent John Claflin
$3,246,828
$3,456,537 $3,301,677 $3,111,898
Earnings
n
Our net income for the 6 months was $1,161,463. Since incorporatio
Deduct
mos. to July 15 1909.
$561,135 June 1 1909 our net income has been as follows: 1
$405,634
$545,526
$633,564
Depreciation
33,300 $172,752; 6 mos. to Jan. 15 1910 (fall season), $1,003,817; 6 mos. to
Patents purchased
2,061,665 July 15 1910 (spring season), $953,084; 6 mos. to Jan. 15 1911 (fall season),
2,061,665
2,061,665
Preferred divs. (5%)... 2,061,665
$1,161,463. For comparison the identical investments which yielded
$590.728 $1,003,817 In the 6 mos, a year ago yielded $1,087,122 in the 6 mos. just
$694,486
$644,599
$761,308
Balance, surplus
ended, a gain of $83,305. Our earnings for the year above the dividend
31.
BALANCE SHEET DECEMBER
requirements of the preferred stock slightly exceeded 11% on the average
1909.
1910.
1909.
1910.
amount of common stock outstanding.
Liabilities
Assets
We hive now in hand more than one-half of the total number of
Common stock__ _41.233,300 41,233,300 shares of the capital stock of Lord & Taylor, but some of the shares under
Plants, real est.,
Preferred stock__ .41,233,300 41.233,300 contract have not yet been delivered to us. We expect to show the compatents, &c____73,199,038 73,780,826
996,067
payable__ _ 949,997
in our next balance sheet and to report fair earnings
New construo'n__ 7,654,480 6,196,459 Acc'ts Jan. 1
515,416 pleted Investment
515,416
881,572 Divs.
Other in items__ 856,209
430,494 therefrom.
1,072,012
INCOME ACCOUNT.
1,377,417 2,080,218 Contingent funds_ 6,789,888 6,028,580
Cash
6 Mos. to 7% Mos. to
6 Mos. to
Acc'ts & bills Ivo_ 3,622,743 2,724,199 Surplus
5,084,026 4,773,882
Jan. 15'11. Julu 15 '10. Jan. 15 '10.
Mdse. inventory
$953,084 $1,176,568
$1,161,463
91,793,913 90,437,157 Net income
Total
91,793,913 90,437,157
350,000
366,768
371,000
Total
Deduct-Divs. on pref. dtock (3 %%)_
-V. 90, p. 629.
(4%)511,812(4%)446,524(2%)211,104
Dividends on common stock
7,717
adjustments_
Dividend and interest
says:
Chicago Pneumatic Tool Co. of New Jersey.
(Report for Fiscal Year ending Dec. :31 1910.)
Pres. W.0. Duntley, Chicago, Feb. 6, wrote in substance:
-Our financial condition is on a very substantial basis. There
Status.
account of bilis discounted. The$45,000 balare no contingent liabilities for In 1907 and the $60,000 bills payable shown
ance of the mortgage assumed The accounts and vouchers payable, shown
In 1909 have been liquidated.
paid, the company availing itself
In present balance sheet, have since been
of discounts wherever possible. $257,951 has been disbursed in dividends,
-The sum of
for Year.
Results
In dividends since
.
making a total disbursement of $1,752,160 not unusually organization
While business conditions generally were was in excess favorable, the
of any former
of business secured by the company
volume
a few years ago, but
year. Prices obtained were lower than prevailedmaximum, while our the
the
net
aggregate of sales was only slightly below The year,
therefore, may propexcess of any previous year.
earnings are In
erly be considered the most prosperous in our history. Practically all the
plants were operated to their full capacity. an addition was made to the
-At the Detroit plant
Improvements, &c.
buildings, and another addition Is under construction. Other substantial
sum of $90,243
betterments have been made to the various plants. The s
made. Autowas expended for new machinery and for the improvement plants, saving
in three
matic (fire) sprinkler systems have been installed
approximately $14.000 yearly in insurance premiums.
-All of your foreign subsidiary companies are now on
Foreign Companies.
busia self-supporting basis and experiencing a steady growth in volume of
and earnings. The plant at Fraserburgh, Scotland, has been operated
ness
year.
virtually to its full capacity during the
-Early last year the manufacture of a light
Manufacture of Motor Trucks.
motor truck for commercial use was successfully begun. While this business is yet in Its infancy, indications are that it will rapidly develop and
should add substantially to profits.
RESULTS FOR CALENDAR YEARS.
1907.
1908.
1909.
1910.
$848,007
$289,625
$558,928
$1,054,809
Net profits
$117,129
$119,050
$118,150
$116,733
-Bond interest_
Deduct
(3)190,063
(4%)257,951
Dividends
50,000
50,000
50,000
50,000
Sinking fund
176,595
99,062
140,168
193,149
Depreciation, &e_
$268,112
$308,318
$21,513
$250,810
BALANCE SHEET OF DEC. 31.
1910.
1910.
1909.
$
LiabilitiesAssets
Capital stk. issued 6,485,800
Real estate, plant,
First M. 5s issued_ 2,500,000
Ill,
patents,good-w
&c.,less reserves_ 6,922,185 6,825,716 Mtge. assumed
Interest on bondsi 122,388f
Stock other co's,
1,121,670 1,203,257 Div. pay. Jan 25J
&c. (cost)
200,000 Accounts, &c., pay200,000
Treasury bonds
119,717
37,000
able
37,000
Treasury stock
118,296 Bills payable
241,966
Cash
12,495
Reserves
Accts. & bills rec.,
600,787
1,116,893 1,009,032 Sinking fund
less reserves_
1,509,149
521,645 Surplus
600,787
Sinking fund
938,379
1,109,835
Inventories
Total deductions
Undivided profits
$617,834
$436,975
11,350,336 10,853,325
Total
-V. 91, p. 947.
Total
$533,787
$314,220
1900.
6,985,800
2,500,000
45,000
57,829
106,981
60,000
3,896
521,645
1,072,174
11,350,336 10,853,325
$568,821
$813,292
$882,812
$607,747
$139,792
$278,651
SHEET.
BALANCE
Jan. 15 '11. July 15 '10. Jan. 15 '10.
Assets98,131 sh. cap. stk. of Assoc. Mcr.Co_ $9,813,100 $9,813,100 $9,813,100
Net tangible assets of Hahne & Co.,
Wm. HenMercantile Co.,Pwers
gerer Co. and Stewart Dry Goods
10,545,036 10,590,929 10,627,927
exclusive Of cash
Co.,
Cash of United Dry Goods Cos.,Hahne
& Co., Powers Mercantile Co., Wm.
Hengerer Co. and Stewart Dry
1,366,921
2,106,610
2,447,054
Goods Co
Securities of Lord & Taylor and cash
3,264,400
investment
available for further
Total deductions
Surplus
Total
Liabilities
Preferred stock
Common stock
Surplus
$26,069,590 $22,510,639 $22,007,948
$10,615,900 $10,600,000 $10,237,100
14,427,500 11,163,100 11,163,100
607,748
747,539
1,026,190
$26,069,590 $22,510,639 $22,007,948
Total
at par
During the season 159 shares of pref. stock were issued to employees
-V.92,
and 32,644 shares of coin. stock were allotted to stockholders at par.
p. 193
United Cigar Manufacturers' Co., New York.
(Report for Fiscal Year ending Dec. 31 1910.)
INCOME ACCOUNT.
1907.
1908.
1910.
1909.
$2,332,318 $2,820,977 $2,403,397 $2,271,603
Gross profits
961,535
1,091,410
1,217,654
Admin'il de selling exp_ _ _ 1,166,809
Profit from operations_$1,165,509 41,603,323 s1,311,90 $1,310,069
101,401
128,230
179,441
168,581
Misc. profit & int. ree'd__
Total profit
$1,334,090 $1,782,764 $1,440,217 $1,411,470
Deduct$199,435
$88,540
$75,267
$78,588
int. on loans & deposits_
350,000
350,000
350,000
Divs. on pref. stock (7%) 350,000
Divs. on corn, stock.. _(6%)900,000 (5)750,000
$549,435
$438,540
Total
$1,328,5/4 *1,175,267
$862,035
$607,497 $1,001,677
45,502
Balance, surplus
BALANCE SHEET DECEMBER 31.
1009.
1910.
1910.
1909.
Liabilities
$
Assets$
244,830 17,186,652 Common stock. __15,000,000 15,000,000
Cost of property.•17,
115,748
74,737 Preferred stock... 5,000,000 5,000,000
Insurance, &c____
219,424
135,825
4,086,345 4,297,986 Accounts payable_
Supplies, &c
900,000
387,982 Bills payable
Bills receivable_ _ _ 451,360
589,489 2,371,441
Accts. receivable_b1,867,301 b1,939,724 Deposits
845,764 1,489,316 Surplus & reserve_ 2,986,034 2,980,532
Cash
195,000
Advances
24,611,348 25,571,397
Total
24,611,348 25,571,397
Total
1910,
•Trade marks, patent rights and real estate and machinery as of Jan. 1 depreduring year, leas
$16,922,652; additional real estate and machinery acquired
ciation, $58,177; investments In affiliated companies, $264,000.
b After deducting reserve for discounts, $50,000.-V. 90, p. 369.
FEB. 11 1911.]
THE CHRONICLE
393
E. I. Du Pont De Nemours Powder Co.
(Preliminary Report for Fiscal Year ending Dec. 31 1910.)
therein. The disposition which has been as de of this stock has produced a
feeling of harmony between stockholders that must prove of
great benefit.
(V. 91, p. 342, 99.)
Outlook.-A considerable amount of track elevation is in =ight for
COMPARATIVE STATEMENT OF EARNINGS YEAR END. DEC. 31.
the
coming year and a good business in that
1909.
1910.
1908.
expected building operations materialize, department is looked for; and if
good earnings from the material
Gross receipts
$33,240,791 $30,805,916 $28,027,094 department will result.
Net earns. (after all exp. Incident to
Artificial Ice.
-The company now operates 5 artificial ice plants, and
°peens, incl. ord. & extraord. rewith the erection of 2 more plants now under way it would
seem that
pairs, maint. of plants, accidents.
necessity for that quality
depreciation, &c.)
$6,270,015 $5,984,159 $4,929,251 ice furnished is vastly of ice for this market has been met, as the natur
superior to the
Non-operative items resulting from
better in some cases for domestic use. artificial for cooling purposes and
sale of real estate, scours. & other
Ice Cream Factory.
-The use of
transactions not due to curr. oper_
251,716
78,485
129,313 cream has lessened by one-half the refrigeration in the manufacture of ice
739,377
Accrued int. on bonds to date
863,360
729,266 try. To offset this, the company amount of natural ice used in this indushas
Accrued diva. on pref. stock to date_
683,318
699,924
771,078 and delivery system in connection witherected a modern ice cream factory
the 35th St. ice plant, which, from
the result of 9 months' operation last year, would indicate
future earning
Total deductions from net earnings $1,501,180 $1,815,000 $1,629,657 power of a value to at least compensate
for the loss in tonnage.
Balance for divs. on common stock_ _ $4,768,835 $4,169,159 $3,299,594
Plant Account.
-The addition to plant account includes the ice cream
Common stock, as per balance sheet_$29,426.548 $28,078,365 $27,914,952 business; the establishing of new depots
at Oak Park and Chicago Heights,
Percentage earned on common stock_
16.21%
11.82% Ill.; additional artificial ice storage at
14.85%
Evanston, and completion
Net earnings equal annual income on
Aurora and Elgin ice factories and additional natural ice storage of the
at Wolf
gross investment of
7.73%
6.65% Lake begun in 1909.
8.00%
Maintenance.
DECEMBER 31 (INCLUDING SUBSIDIARY COS.)
-To maintain the properties, $256,866
BALANCE SHEET
expended.
Dividends.
-Semi-annual dividends Nos. 22 and 23was 3% each
1009.
1910.
of
1910.
1909.
were
paid on the preferred stock during the year.
Assets$
Liabilities
5,756,798
Cash
Preferred stock__ _15,893,248 13,521,248
RESULTS FOR YEARS ENDING DECEMBER 31.
Accts. receivable_ 5,964.674
Common stock_ _ _29,426,548 28,078,365
1910.
1909.
442,061 20,010,621 Funded debt
Bills receivable
1908.
16,548,000 16,420,000 Net earnings
1907.
$461,355
$789,887
Material & supplies 7,378,534
$407,552
Accounts payable_ 1,434,426
$499,251
859,657
DeductionsRents receivable
5,953
Misc. def. liabilities
13,829 Int. on bds., coll.
1,527
notes,&c_$181,119
$181,141
Finished product_ 3,399,510)
$171,749
Res. & accident fd.
$167,062
Invest't securs_....4,208,201 3,407,293
13,000
& contIng. nabs_ 2,645,133 2,050,511 Reserve for taxes, &c
28,438
Real estate
26,468
844,601
934,352 Profit ad loss.....15,151,026 13,811,909 Redemp. of coll. tr. notes
Preferred dividend_
(6%)179,760*(4 %)134580 (6)179,889 (6)179,760
Permanent invest_53.099.577 50,403,253
Common dividend
a(2)79,994
Total
81,099,909 74,755,519
Total
81,099,909 74,755,519
Total
$387,317
$342.189
$364,638
$426,816
* Includes $392,000 par value of 43.% treasury bonds.
Surplus for year
$74,038
-V. 91, p. 1330.
$447,698
$42,914
$72,435
Total surp. earns. Dec. 31.3838,425
$764,387
$316,689
$273,776
Approp. for capital invest't 951,806
Guggenheim Exploration
Company.
(Report for Fiscal Year ending Dec. 31 1910.)
President Daniel Guggenheim says:
Net surplus Dec. 31._ _51,790,231
$764,387
$316,689
$273,776
• The pref. div. In 1909 was 4 %%, paid Oct. 1 1909 for nine months.
a Paid Feb. 20 1908 in dividend warrants ($79,994) redeemable at par.
There was a surplus of $15,124,589, an increase of $1,267,524 for the
year. The net earnings were equal to 16.1% per annum on the $20,793,300 V. 85, p. 1649; V. 86, p. 419.
BALANCE SHEET DECEMBER 31.
of issued stock. Cash, loans and accounts collectible aggregate $2,924,045.
These figures indicate that the company has had a highly satisfactory and
1910.
1909.
1910.
1909
prosperous year.
Assets
$
BALANCE SHEET DEC. 31.
Plant
11,505,920 11,339,715 Common stock.... 4,000,000 4,000,000
1st M. bds. in tress
1,000
Preferred stock_ _ _ 3,000,000 3,000,000
1910.
1909.
1910.
1909.
Ref.M.bds. in tress
(x)
2,077,000 First mtge. bonds_ 1,982,000 1,984,000
Assets$
$
Liabilities8
s
Ref.M.bds.sink.fd.
44,130
460,276 Ref. mtge. bonds_
Treasury stock__ 1,206,700 1,206,700 Capital stock
(x)
2,516,000
22,000,000 22,000,000 Investment
99,632
110,010 6% coll, gold notes 1,300,000 1,300,000
Am.Sm .8ecur Co.
Bills and accounts
Inventories
302,943
282,626 Reserves
Series A stock.. 13,860,000 13,860,000
117,370
108,669
payable
1,000,000 Cash
113,176
133,510 Approp. for capital
Common stock_
1
1 Surplus
15,124,589 13,857,065 Notes receivable._
57,632 investment
28.457
Oth.prop.dcinvest.19,128,950 19,149,552
951.806
Accts. receivable
363,924
386,385 Notes payable_
Furn., fixtures dc
39,107
29,107
Ice harvest
145,263
137,455 Accounts payable_
equipment
163,401
4,293
124,596
6,935
Pay-rolls
Bills & accts. coll
725,895 1,170,801
59,655
52,925
Interest accrued
74,437
Cash
2,198,750 1,463,075
74,875
Com.div.(warrants) 78,244
78,244
Surplus
1,790,231
Total
37,124,589 36,857,065
764,387
Total
37,124,589 36,857,065
"OTHER PROPERTIES AND INVESTMENTS" DEC. 31.
Total
12,604,445 14,984,609 Total
12,604,445 14,984,609
1910.
1909.
1910.
1909.
x Refunding mtge. bonds, auth. Issue, $6,000,000; deposited as collateral to secure
$
$
Esperanza, Ltd.__ 302,331
322,347 Yukon Gold Co__ _ 9,786,409 9,794,639 coll, gold notes, $2.077.000; deposited in sinking fund, $441,000: making a total of
Utah Copper Co_ .•9,022,986 4,788,648 Miscell. invest'ts...
17,224
9,510 $2,518,000 issued, the remaining $3,482,000 being unissued.-V.92, p.326.
Nev. Cons. Cop.Co.
•
4,234,408
United States Industrial Alcohol Co., New York.
Total
19,128,950 19,149,552
Note.
-All of the above items are carried at cost.
-V.90, p. 369.
(Report for
Utah Copper Co. in 1910, $9,022,986, includes Nev. Cons. Copper Co.
stook exchanged for Utah Copper Co. stock during the year.
American Real Estate Co., New York.
(Balance Sheet of January 1 1911.)
The company's annual statement, given last week
advertising department, compares as follows:
in our
BALANCE SHEET OF JANUARY 1.
1911.
1910.
1911.
1910.
Assets
IS
$
Liabilities$
Real estate & imBonds and certifs.,
provements___•21,664,370 14,704,437
with int. acced 10,555,167 9,461,253
Mtges. receivable
701,680
306,647 Real estate mtges.,
Cash
286,879
261,641
incl. Int. to date.10,195,486 4,130,802
Due from agents_ _
18,250
22,230 Accounts payable_
88,642
29,981
Invest, in other cos 102,250
100.000 Bills payable
125.000
Sundry accounts.._
116,079
33,583 Adv. pay'ts, rentStipp.
31,329
18,440
als,contracts,&c.
26,881
34,682
Payments on acct.
Reserves & mind.
24,465
28,327
of real est. contr
7,278
25,000 Capital stock
100,000
100,000
Miscell. assets.-98,774
64,221 Surplus
1,911,248 1,751,154
Total
23.026,889 15,536,199 Total
23,026,889 15,536,199
•Real estate and improvements include properties in process of development.
Borough of the Bronx, $3,714,719; developed properties ready for building improvements (Borough of Manhattan, $170,000; Borough of the Bronx, $3,945,314; city
of Yonkers. $2,050,183), 86,165,498; buildings in course of construction and land
therefor, $62,064; rental properties-land and tmildings (Borough of Manhattan,
$8,199,607; Borough of the Bronx, $3,356,500: city of Yonkers, $75,000), $11,631,107; houses ready for sale, $90,983; total, $21,664,370.-V. 90. p. 371.
Knickerbocker Ice Co., Chicago.
(Report for Fiscal Year ending Dec. 31 1910.)
President John S. Field, Chicago, Feb. 1 1911, wrote:
Fiscal Year ending Dec. 311910.)
President Frederic M. Harrison, Dec. 31, wrote:
The plants and properties have been well maintained by liberal expenditures for repairs and betterments. These expenditures have been charged
against and deducted from the earnings. The accounts and bills receivable
represent their true worth, and the merchandise, supplies and materials
on hand have been inventoried at cost, which is less than their market value.
After the payment, from the date of the organization, of 16 consecutive
quarterly dividends of 1 %% each on the pref. stock, aggregating $1,680,000,
the surplus earnings of the company at the close of business Dec. 31 1910,
amounted to $925,111. When it is considered that our actual business
operations cover a period of but four years and that the vicissitudes usually
attendent upon the establishment and development of a new industry were
not absent in our case, the growth of the company's business in all departments has been satisfactory.
INCOME ACCOUNT YEAR ENDING DEC. 31 1910.
Profits from all sources
$863,599
Repairs, maintenance and depreciation, $49,188; insurance and
taxes, $71,993; administration and all other expenses, $78,341.... 199,522
Net profits
Preferred dividends (7%)
$664,077
420,000
Surplus for year 1910
$244,077
BALANCE SHEET DECEMBER 31.
Assets ($19,628,535)
Properties owned
$14,569,909
Cash, $541,004; accts. and bills reedy., $3,645,491; mdse.. materials & supplies (at cost). $832,272; uncap.Ins.,&c., $39,859 5,058,626
Liabilities ($19,628,535)
Stock: Common, $12,000,000; pref., $6,000,000
$18,000,000
Accounts and bills payable
•703,424
Surplus[sur. Dec. 31 1909, $681,034; sur. for 1910. $244,077-Ed.1 925,111
• The company deducts the accounts and bills payable ($703,426) from
the total of current assets ($5,058,628), showing the same as a net asset
($4,355,202) and omitting the item from the other side of the account
-V. 88. p. 629.
as a liability.
General Results.
-The ice crop harvested by Chicago dealers during the
winter of 1909-10. as indicated in the last annual report, proved to be the
most expensive in cost per ton, and was also, probably,the largest ever
stored for this market; and the latter condition, in conjunction with the
decreased demand for ice from this market, caused by the large amount
RAILROADS, INCLUDING ELECTRIC ROADS.
of ice harvested west and south of Chicago, resulted in lower prices than
have prevailed since 1908. These conditions are reflected in our earnings
Atchison Topeka & Santa Fe Ry.-Sale of Bonds by Underfor the year, which are less than for any of the preceding five years, except
1908, and exceeding the latter year's earnings bylonly a few thousand dollars. writers.-The syndicate which in April 1910 underwrote the
The average earnings for the past five years, after deducting all interest $43,686,000 convertible debenture 4s (V. 90, p. 913, 1043,
charges and financing expenses and divs. on pref. stock, were greater than
6% on the common stock, but these earnings have been largely used in 1612), has, it is understood, sold the unplaced portion to a
extension of the business, to keep pace with the growth of the city, suburbs syndicate of American, London and Continental bankers
and surrounding cities and towns, the latter of which include: Valparaiso, headed
by Eugene Meyer Jr. & Co. of N. Y. City, who are
Hammond, Gary and Whiting, Ind.' Chicago Heights, joilet, Rockford,
marketing the same privately.
Aurora, Elgin, Evanston and Oak Park, Ill.; Kenosha and Madison, Wis.
-V.91, p. 1159, 1024.
-During 1905 an issue of 5% first ref. bonds to the amount of
Bonds,(U.
Beaumont (Tex.) Traction Co.
$6,000,000 was authorized for the purpose of providing funds for the
-Receiver's Certificates.--It
extension of the business, furnishing working capital and taking up the then was recently reported that receiver James
F. Weed would
outstanding obligations. There was apparently no favorable market for
issue $125,000 receiver's certificates in order to effect imtheir sale at that time, but a very advantageous opportunity to extend the
business. This led to the borrowing of $1,500,000, of which amount portant improvements, &c.
-V. 89, p. 347:
•
$1,200.000 is now outstanding, maturing Jan. 1 1912.
Belt RR. & Stock Yards of Indianapolis.
Negotiations arc now pending with a view to the consolidation of these
-Annual Meetvarious obligations, to put them in more convenient form: and authority ing.
-The "Indianapolis News" says in regard to the annual
for this will be asked from the stockholders at this
Two 1st M.bonds were canceled by the sales of real estate during the year. meeting held on Feb. 7:
meeting.
Western Ice Co. No Longer a Stockholder.
-The Western Ice Co., which at
As there Is some question regarding the legality
one time owged nearly one-half our capital stock, has no longer any interest 000) as issued, it was decided to emp oy counsel of the pref. stock ($500,to investigate and report.
GENERAL ENVESTMENT NEWS
TIIE CHRONICLE
394
earnings of about $25,000. A large
The report for the year showed net
There was a falling off of about
amount was spent In improvements. In 1910, against 1,892,598 in 1909.
1.487,474
400,000 hogs handled, with
sheep, 16,000, and horses, 1,800.Cattle showed an increase of 2,000;
V. 89, p. 40
-The
Boston & Worcester Street Ry.-Preferred Stock. issue
approve an
Mass. RR. Commission has been asked to cum. pref. stock,
at 110 of 4,370 shares of $100 each of 6%
authorized by the shareholders on Feb. 2.
[VOL. Lxxxxn.
Issued.
• Purposes for which These $5,000,000 Bonds Were
$2,271,031
Real estate for enlargement of passenger terminals
437,271
Track elevation and additions to Belt Ry. division impyov'ts
414,487
right-of-way, track elevation and other
Additional
1,877,211
on and real estate accounts
Cash in treasury for constructi
-For 11 months ending Nov. 30 1910:
Earnings.
$2,353,072 Dividends. 9 months_ __ _
Total revenue
Expenses, int, and taxes.. 2,047,195[Balance, surplus
-V. 91, p. 1327.
used to purchase or cancel a like
The proceeds of 2,970 shares will be
the amount outstanding to $2,025,000),
amount of common stock (reducing to floating debt which it was originally
remainder will be applied
and the
of the $437,000 common stock
Intended to fund with the unissued balance(V. 90, p. 625, 770). The new
covered by the authorization of March 1910 par) and accrued divs. in case
preference as to principal (at
pref. stock has
redemption, in whole or in part, at
of liquidation, and is subject to prior
any time upon 60 days' notice.
rate of $120 per share and accrued divs. at
-V. 91, p. 1628.
$225,000
80,877
Colorado & Southern Ry.-Listed.-The New York Stock
Exchange has listed $1,407,000 additional "refunding and
bondsdue 1935,forming part of the $3,extension" M.4
100,000 bonds recently offered (V. 92, p. 180, 117), making
the total listed to date $29,289,000.
Purposes for which $1,407,000 Bonds Have Been Issued.
For betterments, improvements and equipment for 1909 and
1910 ($842,882 having already been appropriated for additional tracks, structures, machinery, bridges and equipment,
$1,398,941
and $446,059 being held for future expenditures)
8,059
To acquire $7,048 Fort Worth & Denver City Ry. stock
-V.92, p. 186, 117.
-Timothy
-New President.
Brooklyn Rapid Transit Co.
has been conS. Williams, formerly Vice-President, who elected Presinected with the company for 16 years, has been
-Completion of Road.
Other
Copper River & Northwestern RR.
dent to succeed E. W. Winter, who resigned.
The company now has 132 miles in operation, extending
changes are:
has been made Vice- from Cordova, Alaska, on tidewater to Chitina; but 166 miles
C. D. Meneely, formerly Secretary and Treasurer,
the
J. F. Caiderwood,
President and Treasurer and a member of the board. and J. H. Benning- in all have been constructed, and it is expected to have
also been made a Vice-President,
General Manager, has
line in operation from Cordova to Kennecott, about 200
-V.92, p. 259, 117.
ton succeeds Mr. Meneeiy as Secretary.
-The Privy miles, on May 1, or shortly thereafter. An officer says:NotCanadian Pacific Ry.-Favorable Decision.
• The road has been successful In maintaining its winter schedule.
in London recently affirmed the decision of the lower withstanding that Mt. McKinley, America's highest mountain peak, and
Council
St. Elias, another towering snow-clad monument, can
holding that the lands granted to the company are Mt.windows, and all around are snow-covered mountains,be seen from the
courts
the road, being
out
free from taxation for the period of 20 years from the dates car
constructed through canyons and along side hills, has managed to keep line
to protect
respective patents, and not from the dates on which of the snow belt. Several snowsheds have been erectedbeen raised the
of the
several
drifting snow and at another point the track has
they were set aside by the Government, as claimed by the fromabove the level of the plain to prevent heavy drifts, which might ordifeet
gets very
-V. 92, p. 321, 117.
narily cover the track. There are several points where the snow
several Provinces.
a rotary snowdeep, but the regular train has been preceded each day byand snow storm
-Report.
D. C.
Capital Traction Co., Washington,
plow. The road has been kept open, and, barring the gale
Gross
Cal.
Year-Earnings.
1910 ___$2,226,150
1909 _ _ 2,024,484
-V. 90, p. 621.
Net
Earnings.
$1,124,161
1,106,111
Interest, Dividends, Balance,
Other
Surplus.
Income. Taxes, ctc. (6%).
$14,518 $318,081 $720,000 $100,598
122,381
720,000
293,024
29,294
-Bonds-Central California Traction Co., Stockton, Cal.
-N. W. Halsey & Co. San Fran., recently offered
Status.
'
1st M. 5s of 1906 at 95 and int. Total auth. issue $1,500,s,
000. A closed 1st M. at $21,700 a mile, including terminal
&c. Sinking fund begins in Oct. 1912 (V. 84, p. 867).
Vice-Pres. Mortimer Fleishhacker,
C ndensed Extracts from Letter of Jan. 6 1911.
San Francisco.
since May 5 1906 and
The city lines in Stockton have been in operation 2 1907. An extension
Sept.
an interurban line from Stockton to Lodi since
-Ed.) was completed on Sept. 1
from Lodi to Sacramento (about 40 miles. by the under-running third-rail
1910. The interurban lines are operated of road, principally 75-1b. rail,
system. The company now owns 89 miles freight terminal in Sacramento,
gravel ballast, bridges of steel and concrete;
shop on tract of 21 acres
with dock, warehouse and station-room; machine in Stockton and SacraIn suburbs of Stockton, &o. Fifty-year franchisesfee simple right of way,
outside of the cities operates upon its own
mento;
mostly 100 ft. in width, properly fenced.
30 1910 (interurban line
-For the three months ending Nov. 1 1910): Gross, $64,409;
Earnings.
Sept.
from Stockton to.Sacramento was completed 1st M. bonds, $18,750.
$1,500,000
net earnings, $19,628. Int. on
property over $800,000 In cash
The stockholders have invested in the
(compare V. 84, p 867).-V. 86, p. 667.
which swept over Alaska on Jan. 15 and 16, no delays have occurred.
V. 91, p. 1253.
-The N. Y. Stock Exch.
-Listed.
Delaware & Hudson Co.
has authorized the $7,000,000 additional "1st & ref." M.4%
bonds, due 1943, recently purchased and re-sold by Kuhn,
Loeb & Cb., to be added to the list, on notice of issuance and
delivery, making the total authorized to be listed, $27,704,000. Compare If, 92, p. 186.
Expenditures ($7,148,237) as to which these Additional Bands Are Issued.
[Heretofore represented in part by $4,494,320 notes now to be canceled.1
Purchase of coal lands (Incl. $22,694 advanced to Nor. C.& I. Co.) $277,044
Advanced to Quebec Montreal & Southern Ry. Co. to defray cost
of extension Plerreville to Fortierville, and for new equipment 1,536,185
Advanced to Greenwich & Johnsonville Ry. Co.for new bridge,
38,360
&o.
595,875
Advanced to United Traction Co. for additions and betterments
286,009
n
Authorized under former orders of the Commissio
Second, third and fourth track, including $252,868 for second
413,625
track, Schenectady to Delanson, .13 miles
Strengthening bridges ($126,249);I connection with Pennsylvania
247,812
RR., South Wilkes-Barre
642,218
Misc. items (incl. Increased weight of new rail, $112,783)
638,988
Construction of Mechanieville power plant
Watervliet_ 1,681.075
Locomotive & freight car repair shops & terminal atroundhouse, 400,265
Additional coal storage facilities ($200,000); 40-stall
389,880
Acquisition of branch, Greenwich to Salem
Central of Georgia Ry.-New President.-Charles H. Markham, President of the Illinois Central, has been elected also a
director and President of the Central of Georgia and of the
Ocean • Steamship Co., to succeed the late J. F. Hanson.
V. 92, p. 185.
Chesapeake & Ohio Ry.-Listed.-The N. Y. Stock Exbonds due
change has listed $1,839,000 general M. 4
1992, making the total amount listed to date $47,753,000.
Purposes for which 41,839,000 Bonds, Have Been Issued.
•
$339,000
To acquire additional property
To construct double track at not over $25,000 per mile on road 1,500,000
owned or controlled
bonds
Heretofore 296 miles of 2d main track have been completed and
certified thereon.
Earnings.-For the 5 inonths ending Nov. 30:
Other
Net (a,ter
Operating
Five
Income.
Taxes.
Revenues.
Months.
$4,666,293 $632,938
$13,584,134
1910
5,089,582
13,149,265
1909
--V. 92, p. 260, 117.
Fixed
Charges.
$3,319,541
Balance,
Surplus.
$1,979,690
-Twenty-seven
-Called Bonds.
Chicago & Alton RR.
($27,000) Mississippi River Bridge Co. bonds will be paid
April 1 1911 at the First National Bank, No. 2 Wall St.,
-V. 91, p. 1253.
N. Y.
Chicago Heights Terminal Transfer Ry.-Mortgage.This company, operating some 38 miles of a freight-switching
track in or about Chicago Heights, has made a mortgage to
the Northern Trust Co. of Chicago, trustee, to secure an issue
of $1,000,000 20-year 6% gold bonds,toprovide, it issaid, for
funding and making improvements.
-P., Rudolph Brandt: Sec., Francis
Pres. and Treas., C. H. Wacker: V.
Lackner. Office, Jackson Bldg., Chicago.
Chicago Joliet & St. Louis Electric Ry.-Receivership of
-See Joliet & Southern Traction Co. below.
Controlled Road.
-V. 90, p. 236.
Chicago Rock Island & Pacific Ry.-Listed.-The N. Y.
Stock Exchange has listed $3,500,000 additional ref. M. 4%
bonds, due 1934, making the total listed to date $89,618,000.
The bonds form part of the $3,750,000 recently purchased
by Speyer & Co. Compare V. 91, p. 1629.
-For 4 months ending Oct. 31:
Earnings.
Balance
Interest ct.
Other
Taxes
Net Oper.
Operating
Four
Paid. Income. Rentals. for Stock.
Revenue.
Mos.- Revenue.
$219,185 $3,768,937 $2,231,475
1910_323.076,176 $6,721,421 $942,193
1909___ 22.454,698 7,819,667
the 134% quer.
From the surplus as above in the 4 mos. of 1910 was paid
p. 321.
div. on Oct. 1 1910, leaving a balance of $1,295.535.-V. 92,
-For the 11 months ending Nov. 30 1910:
Earnings.
Coal and Sales Dept.
Railroad Operations
$10,743,047
$18,731,029 Gross receipts
Operating revenue
340,422
7,547,783 Gross expenses
Total net revenues
289,746
taxes
430,000 Less
Less taxes
$50,676
Net coal & sales dept__
__ $7,116,783
Operating income__
$7,167,458
ts
Total operating income, railroad and coal departmen
1,494,055
Other income, all departments
Total income
Interest and rentals
$8,661,513
4,370,723
$4,290,790
Net income
yet been closed, but
-The books for the calendar year have notwill be approximately
Note.
for the year
the indications are that the net income
0 stock at 9% call
$5,300,000. Dividend requirements on the $42,502,00
-V.92, p. 186, 118.
for $3,825,180 per annum.
-A quarterly
Detroit United Ry.-Dividends Resumed.
dividend of 13.% has been declared on the $12,500,000
stock, payable March 6 to holders of record Feb. 17, being the
first distribution since Aug. 1907. From March 1901 to
May 1 1905 quarterly payments of 1% each(4% yearly) were
made and from Aug. 1905 to Aug. 1907 13% quarterly
(5% yearly).
-John T. Donnelly, of Detroit, has been
New Officers.
elected a director to succeed R. B. Van Cortlandt, who resigned. A. E. Peters,formerly Assistant Secretary, has been
appointed Secretary to succeed Edwin Henderson.
-For year ending Dec. 31:
Report.
Gross.
Year
1910
1909
1908
1907
1906
9,345,219
8,047,554
7,114,760
7,073,245
6,063,183
Dividends.
• Net.
Oth.Inc. Charges.
4
(a)
3,364,154 152,768 2,030,622
3,004.830 144,834 1,880,129
2,555,637 64,957 1,618,665
2,608,201 60,505 1,554,248*(2 )1)343,750
(5)625,000
2,344,561 58,758 1,243,273
Bat.,Sur.
1,488,300
1,269,535
1,001,929
770,708
535,046
a The 111% dividend payable March 1 1911 calls for $156,250. of same
• During 1907 33j% (Ms, were paid (V. 85, p. 1005). but 1% 02. p.
-V.
($125,000) Is incl, in the divs. charged against the 1906 earns.
322. 261.
-Abandonment of
Fort Dodge Des Moines & Southern RR.
-Judge McPherson in the Federal Court on
Part of Road.
Feb. 6 entered an order overruling the application to compel
the road to operate the portion of the line between Newton
and Des Moines Junction, 30 miles (part of the old Newton &
Northwestern), the receiver being directed to send cars with
a locomotive twice a week, for four weeks, over the road to
handle any freight that has accumulated.
the
The gross receipts of this part of the line are much less than
division
operating expenses and the $250,000 it would cost to electrify the
intiraised. If the road is not sold within 90 days, the Court 90
Cannot be
-V.
nt.
mated an application would be considered for its abandonme
p. 1554.
-The N. Y.
-Listed.
Chicago & Western Indiana RR.
Stock Exchange has listed $5,000,000 additional consoli-Proposed
Fort Wayne & Northern Indiana Traction Co.
dated M. 50-year 4% bonds, due 1952, making the total
00
Successoi Company with $4,000,000 Common Stock, $4,000,0
to date $37,669,000.
listed
FEB. 111911.
THE
CHRONICLE
395
-See Fort Wayne 105 and int. on any int. date upon 60 days' notice. Total
6% Cum.Prof. Stock and $15,000,000 Mtge.
auth., 821,000,000; outstanding, including this issue, $15,Wabash Valley Traction Co. below.
dr
-Financial 000,000. A circular says in substance:
Valley Traction Co.
Fort Wayne & Wabash
The above bonds are the direct obligation of the company and consti-The holders of more than 90% of tute a lien, subject to the 1st M. 3% bonds, upon the entire property, inPlan-New Company.
cluding equipment, now owned or hereafter acquired.
both classes of stock have, we are informed, assented to an sisting of 788 miles of main track, together with branch The railway, conlines, side tracks.
agreement dated January 19 1911, whereby Randal &c., making a total mileage of 1,223 miles, constitutes the shortest route
Morgan, J. Levering Jones, Henry C. Paul and Charles between Kansas City and the Gulf of Mexico, traversing a rapidly developing district, and occupying an important strategic position.
M. Murdock are given power to enforce the company's
After payment of interest on its 1st M. 3% bonds the company earned
obligations, and are authorized, in order to procure in 1910 about three times the interest on its refunding and improvement
offered. For the
the bonds
bonds,
pay the floating debt of about $1,000,000, and age netincluding show twicenow amount necessary past live years the averfunds to
the
to pay fixed charges.
earnings
[Subscriptions will also be received in London by Messrs. J. Henry
for other purposes, to organize a new company in Indiana
capitalization below shown, in order to take over all Schroder & Co. and in Amsterdam by Messrs. Adolph Boissevain & Co..;
with the
the property of the present company "subject to its bonded Condensed Extracts from Letter by Chairman L. F. Loree, Jan. 31 1911.
The entire proceeds of the present issue of bonds are to be used for ex($8,900,000) and other indebtedness."
tensions and improvements to the system, including the laying of the reCapitalization of Proposed Fort Wayne & Northern Indiana Traction Co.
$4,000,000
Common Stock, all now issuable
To be exchanged for present common stock ($6,000,$2,622,200
43.7% thereof)
000, being about
Issuable with $1,000,000 pref. stock and $1,000,000
1,000,000
bonds for $1,500,000 new cash
33,500
Issuable as stated under "x" below
344,300
To bankers, to extent below mentioned ("y")
Stock, 6% cum., with preference as to assets and diviPreferred
dends; first Gluon div. payable June 1 1911. Total auth.,
$2,500,000
$4,000,000. Now issuable
• To be exchanged, $ for *, for present $1,500,000
•
pref. stock, but only on payment by holders of
•
$17 50 per share In cash to Trust Co. of North
$1,500,000
America, Phila. (see "z" below)
Issuable with $1,000,000 corn, stock and $1,000,000
1,000,000
bonds for $1,500,000 new cash
-year bonds. Total auth.
First and Refunding Mortgage 5% 20
issue, $15,000,000, to provide for refunding of existing funded
debt ($8,900,000),for funding floating debt (about $1,000,000)
•
• and for acquisitions, extensions and additions as required.
• •
Present issue, to be sold with $1,000,000 of each class of stock •
1,000,000
for $1,500,000 net cash
z On or before Feb. 15 the present shareholders (common and pref.) are
offered the right to subscribe at $52 50 a share for $67,000 of the $1,500,000
(treasury) pref. stock of existing company (receiving therewith a bonus of
50% in the new co's common stook), to the extent, as to each old share,
of .913% of said $67,000 pref. Said pref., when so purchased, to be exchanged (along with $17 50 a share In cash) for a like face value of new pref.
y The bankers are to receive the $344,300 common stock and also $125,000
cash (from assessment on pref. stock) as compensation forservices, but only
in proportion to amount of said $1,000,000 bonds, $1,000,000 pref. stock
and $1,000,000 common stock underwritten and sold by them, on the basis
of $1,500,000 net cash to the company. Said securities if not so placed
by July 1 1911 are to be held in trust and issued only on vote of the shareholders of the new company.
All the $1,500,000 cash expected to be realized from sales of said stocks
and bonds now issuable are to be applied to the acquisition of real estate
for shops or car barns or for terminal facilities, and also, In so far as may
be necessary, to the liquidation of the floating liabilities, &c.
• It is intended that the new company shall take over the property on or
about Feb. 20 1911. The old shareholders assenting will deposit their certificates with the Trust Co. of North America, Phila.-V.90, p.627.
-New Officers.
Georgia Railway & Electric Co., Atlanta.
On Jan. 31 the following changes were made:
Robert P. Maddox of Atlanta was again elected a director; W. H. Glenn
was made a Vice-President; I. S. Mitchell Jr. was elected Treasurer, and
-V. 92, p. 59.
G. W. Brine, Vice-President and Secretary.
Grand Trunk Ry. of Canada.-Debenturc Stock Offered in
-Subscription lists were closed on Feb. 1 at the
London.
office of the company's London bankers (Glyn, Mills, Currie & Co.) for an additional £750,000 of perpetual 4%
(cumulative) consolidated debenture stock (offered at par),
the proceeds of which will be applied to "general purposes."
mainder (about 25%) of the 788 miles of main line with 85-1b. rails, the
reduction of grades, ballasting of the road (Including drainage), improvemcnt of bridges, culverts, &c. To date 41% of the entire main-line mileage has been reduced to our standard of M of 1% In both directions. The
moneys realized from this issue of bonds will provide, among other things,
for the enlargement of this proportion to approximately 66%. The mountain grades, with a maximum of 1.5%, will be operated by special locomotives, provided for by the present issue, which also enables the complete
ballasting of the road (including drainage), the improvement of bridges
and culverts, filling of trestles, &c., already well advanced.
Annual Gross Rev. and Gross Per Mile Oper.; also 6 Mos. end. Dec. 31 1910.
(Excluding the Kansas City Terminals, which in 1902 earned $109,751
j
gross and in 1910 earned $432,173 gross.)
1900-01. 1902-03. 1904-05. 1907-08. 1909-10. 6 Mo.'10
Gross rev_ _4,753,066 6,010,458 6,627,753 8,411,485 9,162,478 5,038,600
10,170
7,899
12,179
11,074
7,164
Per rn.per an. 5,703
Income Account for Calendar Year 1910.
all sources, $10,403,333; net (after taxes), $3,015,Gross income
336; deduct interest on 1st M.3s, $900,000; balance applicable
$2,115,336
to interest on ref. and impt. mtge. 5% bonds
Int. on ref. & inapt. 5s, $500,000; less chargeable to property accounts, as required by rulings of Inter-State Commerce Comm.,
362,531
$137,469; balance
Balance, being net income for the year
Deduct (this. at 4% on $21,000,000 preferred stock
$1,752,805
840,000
Balance, being surplus for the calendar year
nend i
4
The full benefit of the expenditures now in process (other than $ 12805
tures contemplated by this Issue of $5,000.000) have not yet been fully re
fleeted, and the company does not expect to realize the entire benefit
thereof in increased efficiency of operation until the summer of 1911. The
benefit of this $5,000,000 issue of bonds will result only gradually during
-V. 92, p. 322.
the next eighteen months.
Kansas City Terminal Ry.-Listed.-The New York Stock
Exchange has listed $5,000,0)0 additional first M.4% bonds,
due 1960, making the total listed to date $20,000,000.
Compare offering V. 91, p. 1386.
-Arthur Coppell of Maitland, Coppell &
New Director.
Co., has been elected a director to succeed the late Joseph
-V.91, p. 1386.
W. Reinhart.
-Committee.
-The
Lancaster Oxford & Southern RR.
committee of holders of 1st M. 5% 30-year gold bonds (due
April 11935) formed under agreement dated Jan. 20 1911
announces that 75% of the $200,000 bonds have been deposited (with the coupon of Oct. 1910 attached) with the
Union Trust Co. of Lancaster, the depositary.
The depositors agree to be bound by any plan of reorganization, consoli-V.92, p. 262.
dation or sale of the property adopted by the committee.
-Bonds Offered.
Los Angeles Railway Corporation.
J. H. Adams & Co., Los Angeles and San Francisco, are
offering at par and int., by advertisement on another page,
the unsold portion (less than $850,000) of their block of
$2,500,000 1st & ref. M. 5s, dated Dec. 1 1910 (see V. 92,
p. 262). These bonds are part of a $20,000,000 issue; all of
-The directors have declared a which, except $5,500,000, reserved to retire underlying
Third Preference Dividend.
of 1% on the third preference stock, payable bonds, are now issued and outstanding. The bankers say:
dividend of
Merger-Earnings.
-All of the street railway business of Los Angeles has
from the earnings of 1910.
been
this new corporation, formed In the re-alignment of the
This stock will rank pad passu with the existing £15,821,571 perpetual
4% consolidated debenture stock, as quoted on the London Stock Exchange;
and holders are entitled at all general meetings of the proprietors of the
company to four votes for every £100 of debenture stock held by them.
The balance of net revenue, after the payment of the interest on the
debenture stocks, for the year ended June 30 1910, amounted, it is stated,
to £757,700.
combined in
electric transportation business of Southern California, whereby the Southern Pacific interests have acquired all the interurban lines, while H. E. Huntington has become sole owner and manager of the Los Angeles Ry. Corp.
- The gross earnings of the combined Los Angeles railway properties amounts
Huntingdon & Broad Top Mountain RR. & Coal Co.
at the present time to $5,500,000 per year, and tile net earnings will be
about 2 yi times the interest on the entire $20,000,000 issue of bonds.
Report.-For the year endinr.; Dec. 31:
H. B. Huntington has been one of the most conspicuous figures of railway
Balance.
Pref. Dips.
Charges.
Net.
Gross.
Year.
sur.$155,202 development in the Southwest, and his presidency and management carries
$672,237 $161,392 $106,190
1910
sur.51,019 to the new company the good-will of thepeople,who have always been very
106,190
157,209
659,335
1909
def.27,668 friendly to his enterprises.
106,190 (3;4 %)$70,000
148,522
632,933
1908
-The corporation has for its exFranchises-Growth of Los Angeles.
-V. 90, p. 911.
clusive province the City of Los Angeles and the growing suburban section
& Clearfield RR.
-Listed in Phila- southwest of the city limits, giving it a territory of about 125 square miles
Jamestown Franklin
containing a population of 350,000. Los
-The Phila. Stock Exchange has listed the $11,000,- increased 211% in population and 410%Angeles has In the past ten years
delphia.
in assessed valuation and con000 1st M.4s. Compare V. 90, p. 697, 1554.
tinues to grow at a remarkable rate. Over 25% of the company's trackage
Is upon private right of way, owned In fee. All the main arteries of traffic,
-Receivership.-Judge and practically all streets In the down-town district are covered by franJoliet (Ill.) & Southern Traction Co.
Carnes in the Kane County Court on Feb. 4, on application of chises running beyond 1940. On the outlying sections there areaseveral
years,and these, with
average of
which expire In
John M. Raymond of Aurora, Ill., Joy Morton and other franchises franchises, coverantotal of 18%19 the entire trackage uponfew of
which
of
a
tile oldest
creditors, appointed H. A. Fisher of Joliet, President of the the franchises will terminate before the bond issue becomes due.
Should the city exercise the option which It has now under the 21-year
company, and Daniel Peterkin, representing Joy Morton and
franchise ordinance, of taking over and operating the lines covered by such
the Continental National Bank of Chicago, as receivers.
franchises, the city is required to pay a fair valuation for the property,
The company, it Is reported, has a floating debt of about $600,000, which will be used for the reduction of the bonded debt, and will thus
- increase the equity of the bondholders.
largely represented by notes, which are secured by bonds of the road.
Property -Total trackage, 344.29 miles. Over 90% of the routes are
V. 85, p. 722.
Down-town sections are of 87-lbs. rail and a large mileage
Kansas City Mexico & Orient Ry.-Bonds.-Vice-Pres. of double-track. been laid on important sections. The 60-lb. rails now in
of 72-lb. rail has
lines are being replaced with 72-1b. rail as fast as necesDickinson and General Counsel Judge Trimble are reported use on the outlyingwork is heavy, and all rail is laid with welded joints.
The special
to be in Europe negotiating the sale of between $8,000,000 sary. corporation owns 552 cars of standard design and fully equipped with
The
These cars are all
and $10,000,000 1st M. 50-year gold 4% bonds, the bulk of air or magnetic and hand brakes, fenders, registers, &c. the "pay-as-yourin the corporation's own shops into
being
which, it is thought, will be placed in France. Some $5,000,- enter"reconstructed lines will be operated with this type by September 1st.
type, and all
cars
000 of the issue were placed in London last summer by Presi- The corporation has an order for an additional 100 "pay-as-you-enter"cars.
for delivery in March. There are also for summer special use 32 open
dent 861v:c1l. See V. 91, p. 94, 1025, 1446.
The corporation has a favorable power contract with the Pacific Light &
-Vote on Municipal Power Co. (V. 91, p. 1767), insuring it electric energy sufficient for all
Kansas City ttiiway ie Light Co.
current is distributed through nine sub-stations
-See "Kansas City, Kan.," ifi "State and future requirements. The
Lighting Plant.
and 166 miles of feeder system. About 110 million passengers are carried
per year on the ecalDined lines and the corporation maintains an average
Department last week, page 336.-V. 91, p. 871.
City"
service of 50,000 car Mnftta: day over 30 different routes. The real estate
Kansas City Southern Ry.-Bonds Offered.-Ladenburg, upon which the car barns, paint shop:.Bca;:,
:t.aud arc tstimated
worth $2,125,000 and in addition rights of way owned in fee are valuell
Thalmann & Co. and the National City Bank, both of N. Y., as $2,000,000.
at
are offering at 101 and int., by advertisement on another
Bonds -"First and ref. M." 5s are secured by aciosed mortgage upon the
of the corporation, now owned or hereafter acquired,
page, 85,000,000 "refunding and improvement mortgage" entire property to parts, of the following underlying issues, amounting to
as
1 1950, but re- subject onlyviz.: $5,000,000 Los Angeles Ry. Co. first consol. M. 59. due
5% gold bonds, dated 1909 and due April
$5,500.000,
deemable, the entire issue outstanding (but not any part), at Oct. 1 1938; $250,000 Los Angeles Traction Co. 1st M.6s, due May 1 1915;
This is the first dividend declared on the Issue since the 3% paid April
1908 for the year 1907, previous distributions being 3% for 1906, 2% for
1905, 2% for 1903 and 1% for 1902.-V. 91. p. 1442.
396
•
THE CHRONICLE
and $250,000 Los Angeles Traction Co. first consol, M.5s, due Dec. 1 1938,
Sinking fund, $10,000 monthly (including for underlying issues at present
$20,000 per year), together with interest on all bonds held by the sinking
fund; there will thus have been retired at maturity, under the most favorable
circumstances, about 40% of the issue. See also V. 92, p. 262.
Macon Dublin & Savannah RR.—New President.—James
A. Blair Jr. of New York has been elected President to succeed Homer Loring of Boston.—V. 86, P. 981.
Manitoulin & North Shore Ry.—New Bonds and Stock.—
The company, whose stock is owned by the Lake Superior
Corp. (V. 92, p. 265) will vote on Feb. 22 on authorizing:
(1) An issue of let M.5% 50
-year gold bonds at $30,000 (or its equivalent
in other currencies) per mile for the full mileage of lines which the company
Is authorized to construct under its Act of incorporation and the amendments thereto between the Town of Sudbury, in the District of Nipissing,
Province of Ontario, and the Town of Little Current on the Island of Manitoulin, in the said Province, to be secured by a mortgage on all the property
now owned or hereafter acquired.
(2) The increase in capital stock from $1,000,000 to $3,000,000.
(3) The issue of $1,000,000 out of said $3,000,000 capital stock of 5%
non-cumulative preferred stock.
Metropolitan West Side Elevated RR., Chicago.—Report.:
Calendar
Gross
Net
Other
Interest,
Divs.
Balance,
Year—
Earnings. Earnings. Inc. Taxes,&c. (3%). Surplus.
1910
$3,069,945 $1,513,930 $8,770 $1,079,969 $261,237 $181,494
1909
2,818,431 1,400,354 11,160 1,062,596
348,918
—V. 91, p. 336.
Mobile & Ohio ER.—New Officers.—R. A. Taylor, formerly General Manager, has been elected Vice-President and
General Manager, and S. R. Prince, former Assistant General Counsel, appointed General Counsel, to succeed E. L.
Russell, recently deceased, who was Vice-President and
General Counsel.—V. 92, p. 118.
New Orleans Ft. Jackson & Grand Isle RR.—New President.—Charles D. Warren, President of the Traders' Bank of
Toronto, Can., was recently elected President, also President
of the lessee company, the New Orleans Southern Ry.
Arthur Kennedy and Haines Brothers, who were the largest stockholders, disposed of their holdings to Mr. Warren and Toronto associates.—
V. 88, p. 375.
New York Central & Hudson River RR.—New Issue of
Notes.—Application to the Public Service Commission Will be
made for permission to make a new issue of 3-year notes.
The amount, it is thought, will be $25,000,000 to $30,000,000, the funds to be used for improvements.—V. 92, p. 188,
119.
New York New Haven & Hartford RR.—Notes Offered.—
Mackay & Co. this week offered at 100M a block of the $12,000,000 one-year 432% notes due Feb. 1 1912 and of the
$10,000,000 43/2% notes dated Jan. 20 1911 and due March 1
1912 (V. 92, p. 262, 188).
New York Ontario & Western Ry.—Sale of Bonds.—The
company has sold to White, Weld & Co., N. Y. City, the
$2,702,000 gen. M.4s authorized last week by the P. S. Corn.
Lxxxxu.
supporting bonds from the debt limit of the eity. General rehabilitation
of present system must be immediately financed without increasing capitalization and should be accompanied or followed by reorganization on a
basis of fair return upon actual investment.
incorporate subways, electrification of steamFuture transit program should
lines
face and subway traffic. [Further particulars, and interchange of sursee article "Engineering
News" of New York, Feb. 9.—Ed.]
Portland (Ore.) Railway Light & Power Co.—First
Dividend on New Stock.—An initial dividend of $1 per share
has been declared on the capital stock as readjusted per
plan, V. 91, p. 1328 (viz. $25,000,000 in $100 shares, of
which 65% or $16,250,000, has been paid in), payable
March 1 to holders of record Feb. 11.
The rate paid on the $10,000,000 common stock from Sept. 1009 to
1910 prior to the retirement of the $5,000,000 preferred stock wasDec.
1%
quarterly.—V. 91, p. 1513.
St. Joseph 8; Grand Island RR.—Plan Operative—Extension.—The committee formed to protect the interests of the
1st and 2d pref. stock has declared operative the agreement
under which it is proposed to coinpel payment of dividends
on both classes of stock. In order to permit foreign holders
who have expressed their desire to join the committee to
make deposits of their shares, the time for deposits has been
extended to Feb. 28. Compare V. 92, p. 189, 59.
Spokane Portland & Seattle Ry.—Merger.—As stated last
week,this company, controlled jointly by the Great Northern
Ry. and Northern Pacific Ry., voted on Jan. 28 to increase
its capital stock from $25,000,000 to $62,500,000. The
"Portland Oregonian" on Jan. 29 said:
One object of the increase in capital stock is to provide for taking over by
the Spokane Portland Fe Seattle of the various companies in Oregon owned
jointly by the Northern Pacific and the Great Northern companies, namely:
the Oregon Trunk Line RR.(V. 89, p. 668), Oregon Electric Ry.(V. 92,
p.323), Astoria & Columbia River RR.(V.85, p. 1048), Dalles & Portland
Navigation Co., United Railways of Portland, Ore.(V. 90, p. 1297, 1364)
and Pacific & Eastern Ry.(V.91, p.946).
The action also provides means by which financing may be done for
various improvements, additions and extensions to properties.—V.92,p.323.
Terre Haute Indianapolis & Eastern Traction 0o.—
Earnings.—For cal. year 1910 (incl. controlled lines):
Year
Gross
Expenses
Net
Rentals,
Balance,
Ending—
Earnings. & Taxes.
Earnings. Int., dec. Surplus.
Dec. 31 1910_35,840,385 $3,339,804 $2,500,581 $1,931,638 $568,943
Mar. 31 1910_ 5,451,175
3,019,553
2,431,622
1,870,691
554,931
Rentals, interest, &c., as above in the calendar year 1910, $1,931,638,
Include rentals and other deductions subsidiary companies, $1,451,091;
sinking funds sub. cos., $128,547; interest and sinking fund on divisional
bonds of the company, $27,500; interest on $5,500,000 let and ref. M. 55.
$275,000. and sinking fund on same, $49,500.—V. 91, p. 718.
Underground Electric Railways Co. of London, Ltd.
-1%
for Half
-Year on Income Bonds.—The directors have declared
interest on the £4,928,050 income bonds for the half-year
ending Dec. 31 1910 at the rate of 1% per annum, free from
British income tax, payable March 1, the same rate as paid
6 months ago. (V. 91, p. 465.) Payment in New York is
made at the New York Trust Co. See advertisement On
IliThis sale raises the amount outstanding to $6,650,000. The bankers another page.—V. 91, p, 1096.
this issue and a portion of the bonds previously outstanding
announce that
Wabash-Pittsburgh Terminal Ry.—Receivers' Certificates
are tax-exempt in N. Y. State. Compare V. 92, p. 322.
Sold.—The Guaranty Trust Co. and Sutro Bros. & Co. have
Norfolk Southern RR.—Adjourned Till Feb. 13.—The purchased jointly
$1,000,000 receivers' certificates, recently
shareholders' meeting to authorize a $35,000,000 mtge. to
authorized, the proceeds to be used to provide 1,000 steel
take the place of the $12,000,000 mtge. provided in the plan coal cars. Compare
V. 92, p. 324, 190.
has been•postponed from Feb. 6 to Feb. 13, for the reason
certificates bear 6% interest and
but may be
that the drafting of the new mortgage has not yet been corn- atThe on any interest date on 6 months'run for 2 years, p. 324, 110. called
par
notice.—V. 92,
pleted.—V. 92, p. 322.
Washington (D. C.) Railway & Electric Co.—Report.—
Ocean Shore Ry. California.—Sale Confirmed.—The sale of
Cat.
Gross
Net
Other
Fixed Div. Pj.
Corn.
Bal.,
Year— Earns.
Earns.
the property to the bondholders' committee for $1,035,000
Income. Charges. St/c.(5%).
Divs.
Surp.
1910 _$1,946,407 $1,027,448 $185,396 $655,989 $425,000 (2) 8130,000 $1,855
was confirmed on Jan. 30 by Judge William C. Van Fleet. 1009
4,080,064 1,969,485
10,602 1,230,292 425,000 (1) 65,000 259,795
—v.91, p. 947.
_Compare V. 92, p. 262.
Winston-Salem Southbound Ry.—Offering of Bonds
Old Colony RR.—New Stock.—The Massachusetts RR.
Commission has approved the sale at auction of $800,000 Jointly Guaranteed.—William Salomon & Co. and Brown
additional stock to reimburse the N. Y. N. H. & H. RR. for Brothers & Co., New York; the Union Trust Co., Pittsburgh,
permanent additions and improvements. This will increase and Chas. D. Barney & Co., Philadelphia, are offering at 96
and int. the unsold portion of the $5,000,000 (closed mtge.)
the outstanding stock to $21,164,000.—V. 91, p. 1026.
Pacific Gas & Electric Co., San Francisco.—Transfer 1st M. 50-year 4% gold bonds, principal and interest guarOffice.—Transfers of the pref. and common stock may now anteed jointly and severally by the Norfolk & Western Ry.
be made at the office of The Trust Co. of America, transfer Co. and Atlantic Coast Line RR.; dated July 1 1910 and due
agent, No. 37-43 Wall St., N. Y., as well as at the office of July 1 1960. Par $1,000 c*&r*. A large amount of the
issue has been sold.
the company, San Francisco.—V. 91, p.1630.
Abstract of Statement by President II. E. Fries, Feb. 9 1911.
Philadelphia Traction Co.—Called Bonds.—Nineteen ($19,A first and closed mortgage on the 80 miles of newly constructed railroad,
the Norfolk & Western at
N. C.,
000) 4% coll. trust bonds of 1917 have been called for pay- extending from Coast Line at Wadesboro, Winston-Salem, with southerly
to the Atlantic
N. C., together
equipment,
ment at 105 & int. on Feb. 15 at the Pennsylvania Co. for In- terminals, &c. This property is now in partial operation and will be completed and in full operation by March 1. Construction of the most modern
surances on Lives & Granting Annuities, Phila.—V.91,p.397. standard; rails 85-lb. open-hearth steel; maximum
southbound gradient
Pittsburgh Shawmut & Northern RR.—All Sold.—William 0.6%, northbound 1%; sidings of 3,000 ft. about every 5 miles; bridges
steel,
locomotives in use.
Salomon & Co. and Rhoades & Co. announce that they have concrete andW. Ry.designed for the heaviestdividends on $22,991,700 pref.
The N. &
Co. Is paying 4% annual
sold the entire issue of 5% receiver's certificates offered by stock and 5% on $69,377,000 common stock, and the Att. Coast Line RR.
Co. is paying 6% on $57,964,000 common stock. These companies own
them last week. See V. 92, p. 323.
each one-half of this company's capital stock (except directors' shares) and
have deposited the same with the U. S. Trust Co. of N. Y. under a trust
Pittsburgh (Pa.) Transportation Problem.—Report of agreement
as further security for the performance of their obligations.
Expert.—The bound volumes of the elaborate report of Bion
The line is primarily designed to carry the soft-coal traffic of the N. & W.
J. Arnold, Chicago and New York, regarding the Pittsbur0 southward over the At!. Coast Line and to furnish a short route for general
through traffic, passenger and freight. A large local traffic
transportation problem have just come from the press. It is, lumber (especially the hardwoods), cotton, grain, tobacco, is assured from
&c.
Application will be made to list these bonds on the N. Y.Stock Exchange.
we understand, a work remarkable in its scope and thoroughJoint Guaranty Endorsed on Each Bond.
ness and in the skill through which, by means of charts, the
For value received, the Norfolk .S3
the Atlantic
situation in Pittsburgh is contrasted with the conditions Coast Line RR. Co. hereby jointly and Western Ry. Co. and the holder of
severally guarantee to
the within bond the due and punctual payment by the Winston-Salem
prevailing in other leading cities.
Pittsburgh Transportation Problem—Principal Findings of Bion J. Arnold.
General growth of the district, normal and healthy. Population relatively scattered, requiring further solidification to support municipal rapid
transit. Traction district within 35 years will probably double its tributary
population to 2,000,000 people. Earnings from passenger transportation
will approximate $40,000,000 annually when population doubles. Immediate transit needs, largely confined to surface transportation. Present traction system is relatively over-extended as compared with larger cities.
Pittsburgh conspicuously low in the use of transfers. Fundamental defect
of present system is financial—high fixed charges and failure to provide
adequately for renewals out of earnings. City should have power to own,
purchase or build transit properties on its own credit. Subway development depends upon the attitude of private capital under restrictions to be
imposed. Provision should be made by legislation for effective State control over service, rates and capitalization. Legislature should exempt self
Southbound Ry. Co. of the interest upon the said bond in gold coin of the
U. S. of Am. of, or equal to, the present standard of weight and fineness,'
as the same shall from time to time become due, and also the payment of
the principal of the within bond In like gold coin when the same shall be,
or become, due. [Signed under corporate seals July 1 1910 for Norfolk 63
Western Ry. Co., by Wm. G. MaoDowell, V.-Pres.; attest, E.
Sec., and for Atlantic Coast Line RR., by A. Hamilton, V.-Pres.;H. Alden,
attest, it•
D. Cronly, Asst. Sec.]—V. 92, p. 324.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Bakery Co., St. Louis.—iteduction in Capital
Stock.—The shareholders will vote March 28 on reducing the
common stock from $2,000,000 (amount outstanding about
THE CHRONICLE
FEB. 11 1911.
$1,875,000, par of shares $100) to $1,000,000 (each shareholder to surrender one-half his holdings) preparatory, it is
understood to the commencement of dividends on the common shares and listing on the St. Louis Stock Exchange.
The company has $750,000 of 6% bonds listed on the St. Louis Stock
Exchange and its pref. stook (of which $1,000,000 Is authorized and $755,000
at last accounts was outstanding) has, it is stated, paid 7% per ann, since
organization in Feb. 1907. Compare V. 84, p. 1309.
-Report.
American District Telegraph Co. of New York.
Calendar Years1910_.,
1909
-V.90, p. 912.
Gross.
Net.
Div.(2%) Bal., surp.
$11,617
$88,505
$580,008$76,
888
549,225
7,676
84,584
76,888
-Bond Offering-Earnings.
American Gas & Electric Co.
Moyer & Co. of Philadelphia, who are offering a block of gold
collateral trust 5s at market price (88 on Feb. 8), report:
-Operating Cos.- -Am. Gas ee. Electric Co.
Net
Bond
Balance,
Gross Surp. (aft. Exp.
Cal.
Surp.
Inc.
Int.
Year- Earn'gs. all Chges.) (Net).
$2,682,602 $728,827 $2,216 $726,609 $314,100 $412,509
1910
706,849 23,770
368,979
683,079
314,100
2,482,204
1909
Dividends at 6% on the $1,583,000 pref. stock call for $94,980 yearly,
and dividends at the present rate of 6% on the $2,500,000 common for
$150,000.-V. 91, p. 1770.
397
Chicago Telephone Co.-Report.
-For calendar years:
Calendar
1810
Year1909
-V. 92, p. 191.
Gross
Earnings.
$11,331,153
9,907,450
Net
Earnings.
$2,255,073
2,220,709
Dividends Balance, Teleph's.
.
Surplus Dec. 31
.
$95.o73 3oo 618
$2,(186%0,000
2,160,000
60,709
262,359
Consolidation Coal Co., Baltimore.
-Change in Officers.
Because of his election to the U. S. Senate, Clarence W.
Watson resigned as President and has been made Chainnan
of the board. Vice-Pres. J. H. Wheelwright has been elected
-V.92, p. 325.
President.
-Report.
-Cal. years:
Ores Carpet Co., New York.
Extraord.
Net
Cal.
Gross
Exp.
Earns.
Year. Earns.
1910..$534,278 $382,167 $8,779
8,331
294,452
1909._ 416,688
-V. 91. p. 1256.
Deprec.
Dividends
Chges.
Paid.
$69,549 (53.i%)$165,000
34,871
(5%) 150,000
Balance,
Surplus.
$138,839
101,250
-New Stock.
-Reported
Crucible Steel Co. of America.
directors, it is stated, have decided to issue
the remaining $563,500 of the $25,000,000 pref. stock, a part,
at least, it is reported, to be used in connection with the
purchase of the Halcotnb (tool) Steel Co.(V. 86, p. 671)
- Syracuse, N. Y., for a sum said to be about $3,000,000.
-No Preferred Stock.
American Pipe & Construction Co.
The "Pittsburgh Dispatch"
The directors at a meeting on Feb. 8, it is stated, decided pot crucible furnaces, a 20-ton says the Halcomb Steel Co. contains 5 24basic open-hearth furnace and 4-ton electhat it was unnecessary to issue the preferred stock, as re- tric steel-refining furnace, the first electric furnace to be put inacommercial
operation
ferred to it by the stockholders at their meeting on Jan. 25.- of bonds, in America, and that the purchase has been effected by the issue
which will rank after the guaranty recently given on the bonds
V. 91, p. 718.
of the subsidiary Pittsburgh Crucible Steel Co. Compare V. 92, p. 325, 264.
-The
-Extension of Bonds.
American Strawboard Co.
Delaware Lackawanna & Western Coal Co.
-First Report.
company has arranged to extend for 5 years the $200,000 The report covering the period from organization, Aug. 1
which matured Feb. 1 1911.
1st M. 6% bonds
1909 to Dec. 31 1910 (17 months), shows:
Coal sales, $55,283,944; cost of coal and transportation, handling, semi-Fred. Davenport of Cincinnati has been
New Officers.
ing, tixes and general expenses, $53,223,596; profit from operation, $2.elected a director to succeed Hyatt Cox, who resigned some 060,348; other income, $140,003; net profit, $2,200,351; dividenas, $823.821; balance, surplus, $1,376,530.
time ago, Gustav Wuerst succeeding the latter as Treasurer.
• The balance sheet shows coal on hand Dec. 31 1910, $3,326.394; due from
Earnings.
-Cal. year 1910 and 8 mos. end. Dec. 25 1909:
$4,379,068; cash, $3,578,516: offset by accounts payable, $3,152,Bal.,
Interest
Gross
Administ.
Net
Period
Earns. Expenses. Earns. Charges. Surp.
Covered$99,475 $53,263 $46,212 $10,482 $35,730
Cal. year 1910
37,896
76.773
5,357
71,416
8 mos. end. Dec. 25 1909_ _114,669
[The management agreed,in answer to the protests of the minority stockholders,that the idle properties should be sold as soon as possible, In order
to relieve the company from the expense of maintaining the same, but
stated that it is difficult at the present time to dispose of the old plants to
advantage.I-V. 90, p. 374.
American Telephone & Telegraph Co.
-Listed.
-The N. Y.
Stock Exchange has listed $10,000,000 additional coll. trust
4% bonds, due 1929, making the total listed to date $63,000,000. The limit of issue under collateral at present
deposited is $88,700,000.
The said bonds were included in the $25,000,000 bonds pledged as collat-year notes, due May 1 1907. Of the
eral for an issue of $20,000,000 5% 3
proceeds from the bonds, it is estimated that additions to the long-distance
telephone lines during 1911 will cost $4,270,000 and new telephone instruments about $1,470,000, while the balance will be advanced to subsidiary
companies for additions to their permanent plant.
Securities Pledged, Par Value $90,589,600, on Account of which $88,700,000
•Collateral Trust 4s Are Issuable.
[The value of this trust property ascertained in accordance with trust deed
is $118,328,052.]
Cap. Stock (Continued) Par Value,
Par Value*
Capital StockBell Teleph. Co. of Mo.._ _$5,826,600 Pioneer Telep. 83 Tel. Co.$4,000,000
899,250
Cin. & Sub. Bell Tel. Co__ 2,117,050 Providence Teieph. Co__ _
Colorado Telephone Co_ _ _ 4,361,100 Rocky Mtn. Bell Tel. Co__ 1,171,300
Cumberland Tel. & T. Co_10,500,000 Sou. New Eng. Telep. Co.. 2,553,100
Mo. & Kan. Telephone Co. 1,939,500 Southwestern T. & T. Co.. 2,292,800
Nebraska Telephone Co__ 3,323,100 Wisconsin Telephone Co__ 1,511,600
Bonds
New England T. .s3 T. Co_22,883,700
New York Telephone Co_ _26,629,500 New England T. 83 T. Co_ $581,000
Earnings.
-For the ten months ending Oct. 31 1910:
Dividends received
$14,115,398
Telephone traffic
8,411,647
Real estate
79,208
Interest and other revenue from associated cos 9,413,190
Sundry
14,939
Total revenue
-V. 92, p. 190.
agents,
254; total profit and loss surplus was $1,376,530.-V. 90, p. 561.
•
-The
Diamond Match Co., Chicago.-Debentures Offered.
Farwell Trust Co. and the Continental & Commercial Trust
& Savings Bank of Chicago are offering the balance of the
$2,000,000 10-year convertible 6% gold debentures dated
Dec. 15 1910 not taken by the stockholders but awarded to
them as underwriters. Price on application. See full description in V. 91, p. 1632, 1325.-V. 92, p. 325, 121. '
-Offer to Sell to
Ellensburg (Wash.) Water Supply Co.
City.-See "Ellensburg" in "State and City" department.
Providence Telephone Co.
-Stock Increased and Offered.
The stockholders on Feb. 9 authorized an increase in capital
stock from $3,000,000 to $5,000,000. Stockholders of record
Feb. 9 are offered the privilege to Feb. 18 to subscribe for
the new stock pro rata at par ($50 per share), payable Mch. 1.
Report.
-For calendar year:
Net.
Gross.
Divs.(8%). Bat., surp.
Cal. Year
$307,745
$1,287,273
$240,000
$67,745
1910
292,487
240,000
1,170 969
52,487
1909
Amount added to construction accounts during year, $131,176. Construction on Dec. 31 1910 was valued at $3,545,702 and real estate at
$475,802. The total surplus was $486,931.-V. 92, p. 326.
-Additional Bonds.
Elmira (N. Y.) Water, Light & RR.
The P. S. Commission has sanctioned the issue of $328,000
additional 1st consols at not less than 87,to provide for indebtedness incurred for capital purposes and various extensions and improvements, making $2,166,000 outstanding.
Earnings.
-For calendar years:
Expen. of administration $2,263,700
4,254,735
Interest
591,403 Calendar
Gross
Taxes
4,372,070
Earnings.
Telephone traffic
Divs. (9 mos. at 8% per
$901,437
1910
15,540,388 - 9 88, p. 778 3,279
annum),6%
84
.
190.
v
------$5,003,086
$32,034,382 Revenue balance
Net (after
Taxes.)
$361,077
318,551
Int. on un- Int. on 1st
deriving liens. cons. 5s.
$139,790
$91,900
140,340
87,250
Balance;
Surplus
$129,387
90,961
Halcomb Steel Co., Syracuse, N. Y.
-Reported Sale.
-See
- Crucible Steel Co. of America above.
-V.86, p. 671.
-Extra Dividend.
American Wringer Co., Providence.
An extra dividend of 2% has been declared on the $900,000
Hoster-Columbus Associated Breweries, Columbus, Ohio.
common stock, payable March 1, being the same amount as -Report.-For calendar years:
paid a year ago, making a total of 6% payable from the Cal.
Gross
DeprecBond
Sink.
Balance,
Net
YearEarnings. Earnings. iation.
Interest.
Fund. Sur.or Def.
earnings of the year 1910. •
1910 _ __$716,417 $536,009 $114,640 $299,996 $50,000 sur.$71,373
-For the year ending Dec. 31:
Report.
1909 --- 595,690
400,936
91,125
50,000 def. 43,189
303,000
Year- Gross.
Net
Pref. Div. Corn. Div.
1910_3326,119 $200,949 (7) $59,500 (6) $54,000
225,277 (7) 59,500 (6) 54,000
1909_ _ _ 338,012
-V. 90, p. 304.
Deprec. Bal., Sur
$37,449 $50,000
61,777
50,000
American Writing Paper Co.
-Report.
-For year 1910:
Balance,
Bond Exp., incl. Sinking
Total
Dividends
Cal.
Sur. or Del
Paid.
Net Earns. Interest. Main:. Fund.
Yr.
1910_51,444,834 $850,000 $269,567 $100,000 (2%)$249,910 def. $24,643
1909.. 1,663,054 850,000 252,213 100,000 (1%)124,599 sur.336,242
def.255,216
965,073 850,000 270,289 100,000
1908_
New Officers.-George B. Noble and William N. Goodnow
have been elected Vice-Presidents to succeed Henry L. Hig-V. 92, p. 264.
ginson and Henry H. Dickinson.
-Report.
-For cal. years:
(J. G.) Brill Co., Philadelphia.
Cal.
Total
Sales.
Year.
1910_55,960,778
1909_ 4,261,204
-V. 90, p. 501.
Other
Manic.
Income.
Profit.
$440,955
185,225 $52,909
Depre- Pref Divs. Balance,
dation.
Sur. or Def.
(7%).
$114,623 $320,600 sur. $5,732
320,600 def.189,816
107,350
-It is announced by
• Central Foundry Co.
-Plan Operative.
advertisement on another page that over 90% of the outstanding debentures of and claims against the Central Foundry Co. and a large amount of its pref. and common stocks
have assented to the plan of reorganization, and that the
committee has accordingly declared the plan operative.
Further deposits will be received at the Central Trust Co.
to and including Feb. 20. Deposits will also be received by
Baring Bros. & Co., Ltd., 8 Bishopsgate, London.
The assessment of $8 per share on the stook has been called, payable In
four installments of $2 each at either of the depositories named above on
Feb. 20, March 7, March 22 and April 6 respectively. See plan. V. 92.
• •
•• • • • • • • • •
p. 190, 60.
Sales of beer in 1910, 299,976 barrels, against 274,250 in 1909. Total
accumulated surplus Dec. 31 1910, $177,607.
A dividend of 1% on the preferred stock,calling for $27,000, was paid
Feb. 1, the first since 1907.-V. 90, p. 306.
Helena (Ark.) Water Co.
-Proposed Sale.
-See Helena,
Arkansas, in "State & City" Debartment.
-Report.
International Time Recording Co.
--Cal year 1910
Gross profit on sales$857,7141Interest
$19,861,
Sell. & gen. exp. & charged
IDIvidends
134,427:
off from patent account_ 477,1821
Surplus
$226,244
Net earnings
$380,532!Total surplus
$720,976 Actual sales for year amounted to $1,267,058.-V. 91, p. 1632.
-Semi
-Annual
Keystone Telephone Co. of Philadelphia.
Statement.
-The company has issued a supplement to the
annual report covering the 6 months' period to Dec. 311910.
Oper. Exp.
Net
Balance,
Interest
& Taxes.
Earnings.
SixGrossgs.
Earnin
Surplus.
Charges.
Months$285,082
$277, 88
$572,470
28 897
3
$147,069
$180 028
43 31
:
1910
274,084
551,052
183,949
1909
261,778
8266.,459
206,978
59,481
1908
28
Expendituresfer3additional underground cables, lines and equipment in
5
the calendar year amounted to $172,670. During the calendar year 1910
the funded debt has been increased by the sale of $40,000 Keystone Telebonds and decreased, by the retirement of 30% collateral
phone 1st M. 5%
trust bonds. Extensions have not been made on as large a scale as would
have been the case if the security market had been such as to warrant the
-V. 91, p. 587.
sale of additional bonds.
-New Director.
Kings County Electric Light & Power Co.
-James N. Wallace, President of the Central Trust Co., has
been elected a director to succeed the late Hugh J. Grant.
V. 91, p. 217.
398
THE CHRONICLE
Laclede Gas Light Co.
-Report.
--Calendar years:
Cal.
Year-
Net (after
Taxes).
$
4.501,124 2,102,261
1910
4.142,350 1,866,106
1909
92, p. 264, 192.
--V.
Gross
Earns,
DepreFixed Pf.Div.
cia'n. Char. (5%).
Common
Dividend.
Bea.,
Surp.
217.234 998,426 125.000 (6)0552,500 299,100
124,597 1,004,094 125.000 (6)510 000 102.416
Lake Superior Corporation.
-New Securities to be Issued
-See Manitoulin & North Shore Ry. under
by Subsidiary.
"Railroads" above.
-V. 92, p. 265, 192.
Narragansett Electric Lighting Co.
-Report.
-For year:
Calendar
Cross
Net
DepreInterest,
Year.
Earnings. Earnings. Taxes, dec. ciati(m.
1910
*1,215,745 $526,886 -*198,6041909
1,195,370
121,028
526,247
60,595
• -V.90, p. 377.
Divs. Balance,
(8%). Surplus
$320.000 $8,281
320,000 24,624
National Biscuit Co., New York.
-A quar-On 7% Basis.
terly dividend of 19% has been declared on the $29,836,000
common stock, payable April 15 to holders of record March
28, thus increasing the yearly rate from 6%, as existing for
several years past, to 7%.
Previous Dividend Rate on Common Stock (Per Cent).
•
1899. 1900-1905. 1906. 1907. 1908. 1909. 1910. 1911.
4
43i
5
4 yearly
5
1
6
Jan., 1
1
1
1
[VoL. Lxxxxn.
-Stone & Webster, Boston, New York &c., in advance of
the issuance of their manual for 1911 of "Electric Railway and
Lighting Properties" under the Stone & Webster management, report capitalization and earnings for 1910:
Resume of Total Capitalization, Earnings and Properties of the Companies
Managed by Stone & Webster Organization.
Combined Capitalization Dee. 31.
1910. 31 Cos. 1909. 30 Cos.
Bonds and coupon notes outstanding
$68,328,500
$62,997,500
Preferred and common stocks outstanding
63,198,120
79,394,700
Total
•$147,723,200 $126,195,620
Earnings, &c., Calendar Years.
1910.
1909.
1910.
1909.
Gross earns.$22,023,126 $20,241,974 Int. & taxes_$4,818,637 $4,496,350
Net earnings 9,771,211
8,659,112 Divs. paid__ 2,885,763 1,972,186
Balance
$2,066,811 $2.190,576
Mileage of Street Railway--Capacity of Power Plants. &e.
Miles equivalent single track operated, 1,092 in 1910, against 1,005 In
1909. Passengers carried in 1910, 286,943,000, against 274,567,000; total
connected electric lighting load equivalent to (In 16 c. p. lamps) 2,094,920,
against 1,778,000. Total commercial power load, approximately 112,100
h. p., against 83,638 h. p.; total combined power station capacity, approximately 185,800 h. p. against 167.262 h. p of which there is generated
by water power 84,400 h.p. and 55,868, respectively.
-The 67th annual statement of the New England Life
Insurance Co. of Boston, as published in our advertising
New Director.-Joseph W. Ogden has been elected direc- columns to-day, shows a clean record of progress and growth.
Its total insurance in force was $213i7730 176 on Dec. 311910.
tor to succeed B. F. Crawford, deceased.
During the past year the increase n insurance in force was
Nevada Consolidated Copper Co.
-Earnings.Net
Dies. Deprec. Step- Int.
31Mos. end.
Bal., Surp. $16,237,404; increase in insurance paid for, $4,058,536; in(75-%). toe Plant. Accrued.
Dec. 31- Earns.
or Def. crease in receipts, $542,279; increase in payments, $344,119;
1046,527
*749,347
1910
$137,030
sur.$160,150
743,075
1909 ---------736,635
$25,770
def. 32.210 increase in assets, $3;106,100, and increase in net surplus,
Production of copper for the quarter ending Dec. 31 1910, 15,698595 $48,322. The company's
reserve at the Massachusetts
against 12,969,761 lbs. for the 3 mos. In 1909 and 18,100,258 for the
standard was $47,792,461; its net surplus $4,314,194 and
lbs..
3 naos. ending Sept. 30 1910.-V. 91, p. 1776.
Niles-Bement-Pond CO.
-New Director.-C. L. Cornell of total assets $54,422,643 60. Alfred D. Foster is President.
Orange, N. J., has been elected a director to succeed Alex- D. F. Appel, Vice-President; J. A. Barbey, Secretary, and
William F. Davis and J. G. Wildman, Asst. Secretaries.
ander Gordon, deceased.
-V. 91, P. 1633.
-Spencer Trask & Co., William Salomon & Co. and Kissel,
Pennsylvania Lighting Co.
-Listed in Philadelphia.
-The
Phila. Stock Exchange has listed $745,000 1st M.5% 30-year Kinnicutt & Co., who have underwritten an issue of $9,000,sinking fund gold bonds, with power to add further amounts 000 1st & refunding mtge. 5% bonds of the Consolidation
up to the total of $2,500,000, when issued. Compare V. 91, Coal Co., have this week caused to be delivered before the
local and out-of-town members of their sales organization
p. 218, 876.
a series of lectures by experts on the coal-mining industry.
Quaker Oats
hicago.-On Regular 10% Basis.
-A with a view to giving to
the sellers of the bonds aknowledge
• quarterly dividend 2% has been declared on the $5,000,- of the intrinsic
Co.,'Of
value of coal
000 common stock, payable April 15 to holders of record properties of demonstrated bonds secured upon well-known
value and earning power. The
April 1. The same 23-% quarterly rate was paid from Consolidation Coal Co.
(incorp. in
April 1910 to Jan. 1911, but
of 1% thereof was termed an. producers of bituminous coal in 1860) is one of the largest
the United States, and it
"extra" distribution.
-V. 90, p. 703.
has paid regular dividends on its capital stock for the past
Southern New England Telephone Co.
-For year: 26 years-6% per annum since 1905. The bonds were fully
-Report.
Calendaril YearGross.
Net.
Div.(6%). Bal.,Sur. described in V. 91, p. 1514.
1910
*95,723
$2,706,012
$461,622
$557,345
1909
84,780
2,473,346
546,402
461,622
-Having sold a large portion of Pittsburgh's new loan of
1908
77,285
2,264,775
538,890
461,605
$4,878,000 coupon or registered 43.% bonds Harris, Forbes
91, p. 965.
-V.
'
Texas Company, Oil.
-New Bonds.
-The company will & Co. (successors to N. W. Harris & Co. of New York) and
shortly offer to shareholders the privilege of subscribing for the National City Bank of this city are jointly offering the
remainder of the issue by advertisement ih to-day's "Chron$12,000,000 6% convertible bonds, due in 20 years, but convertible into stock at option of holder until Jan. 1 1915, at icle." These bonds, due serially 1911 to 1940, are tax-free
150 per share,and subject to call after 1915 at option of com- in Pennsylvania and are also stated to be legal investment
pany at 105 and int. An annual sinking fund for their re- for savings banks and trust funds in New York, Massatirement will begin in 1915 or 1916. The issue has been chusetts, Connecticut and Pennsylvania. The bankers say
underwritten by Blair & Co. and Harris, Winthrop & Co. that the net debt of the city of Pittsburgh is less than 23/%
of the assessed valuation. Price and detailed information
-V.91, p. 1578.
See page 163 of 'Ry. & Ind. Sec."
on application.
-Report.
Union Oil Co. of California, Los Angeles.
-The Fidelity Mutual Life Insurance Co. of Philadelphia
Divid'ds
Balance,
Net
Deprec. All Other
GrossPA
Cal.
Paid.
Earns.
Surplus. reports substantial
• Yr. Earnings. Chgd.Off. Exps.
increases in business for the past year.
1010___$12,828,679 $619,253 $8,946,863 $3,262,563 $1,703,61781,558,946
1909___ 9,687,330 495,375 6,536,787 2,655,177 1,477,768 1,177,409 In its 32d annual statement, published to-day in the "Chroni-V. 91, p. 1333. • • • •
•
icle," it is shown that the paid insurance in force in the comUnited Gas & Electric Co. of New Jersey.
-Increase of pany has grown to $126,218,844; its ledger assets increased
certificate was filed Feb. 8 in the office of the last year 11.61%, now amounting to $21,673,571; its reStock.
-A
Secretary of State of New Jersey of the increase of the author- insurance reserve increased 11.63%. Since organization the
ized capital stock from $4,000,000 to $5,500,000, by the addi- company has paid out to policyholders and their beneficiaries
tion of $1,500,000 common stock, the stock now consisting close to 23 ;nillion dollars. L. G. Fouse is President of
of $4,000,000 common and $1,500,000 5% cumulative pref. this active institution. The annual report of the President,
.
-V.92, p. 327.
stock.
giving details of income, disbursements, investments and
United States Glass Co., Pittsburgh.
-New Officer.
- information bearing on the present life-insurance situation
Thomas T. McIntosh has been elected Vice-President to will be sent on application.
succeed Robert J. Stoney Jr., dec,eased.-V. 91, p. 461.
-The firm of H. K. Taylor & Co. of Hartford, Conn.,
United States Realty & Improvement Co.
-Earnings.
- dealers in investment securities, has removed from the
For the 9 months ended Jan. 31 1911, surplus after charges quarters it occupied in the Connecticut Mutual Building
available for dividends was $1,201,984, an increase of for the last six years, to 75 Pearl St. The change was ne$90,501 over the same months in the previous year.
-V.92, cessitated by the increase in business. The new offices are
among the most artistic and thoroughly equipped in the
p. 194.
United States Steel Corporation.- Unfilled Orders Jan. 31. section of the country in which the firm is located.
-The report of orders given out on Feb. 10 shows unfilled
-We have received a copy of the tenth annual edition of
orders on the books Jan. 31 aggregating 3,110,919 tons, be- Ackermann & Cole's book of statistics of New York City
ing an increase of 436,162 tons during January.
banks and trust companies. The pamphlet is especially
Tonnage of Unfilled Orders (00,000 omitted)
replete with pertinent facts regarding the various institu-All on New Basis.
1911.
1910
1909- 1907 1904
tions in New York and Brooklyn. The firm, with offices at
Jan, Dec. Nos. Oct. Sept. Aug. July June Mch. Dec. June Dec. Sept.
3,1 2,7 2,7 2,8
20 Broad St., makes a specialty of dealing in this class of
3,1 3,5
3,9 4,2 5,4 5,9 4,0 4,6 2,4
(The present system of computing orders has been in effect since Oct. 1907. stocks.
Compare V. 91, p. 1333.-Ed.1-V. 92, p. 321, 265.
-The ."Financial Calendar" (annual) for 1911 has been
Washington (D.C.) Gas Light Co.
-For cal. year:
-Report.
Gross earnings, $2,086,662; oper. expenses, $1,459,595; net, 027,067; issued by the Financial Calendar Co., 25 West Broadway,
other income, $20,107; Int. on outstanding bonds, $181,343; int. on con- N. Y. The calendar
shows the exact or approximate dates
sumers' deposits, $8,035; dim, $351,000; balance. surplus, $106,797.of dividend meetings, closing and opening of books, payment
V.92, p. 194.
- of dividends, annual meetings, &c., and is useful to bankers,
Wells, Fargo es Co.
-Transfer of Banking Department.
See "National Park Bank" under "Items About Banks, brokers and investors.
Bankers, &c."
-V, 91, p. 1451.
-Henry C. Olcott, who for the past fourteen years had
been associated with Harvey Fisk
in both their
-Messrs. Schmidt & Gallatin, members of the New York New York and Chicago offices, has & Sons position in the
accepted a
stock Exchange, have just issued for distribution a very bond department of the Continental
& Commercial Trust
IntaGstirig latter written by Albert, R. Gallatin on the present
dc Savings Bank, Chicago, as asSistant to Manager George
"Investment Situation" as it appears to him.
B. Caldwell.
Regular
Rxtra
Dm. 11 1911.
THE CHRONICLE
399
Wht Tonxinercial
COMMERCIAL EPITOME.
Friday Night, Feb. 10 1911.
For one cause or another, although conservatism is still
noticeable, the feeling in the American business world
plainly
is gradually becoming more cheerful with money still easy,
some increase in bank exchanges and a noticeable increase
'in the sales of finished iron and steel coincident with a rather
sharp decrease in the output of pig iron. Export trade is
good. The farmers are getting good prices for big crops.
LARD on the spot has continued easy, owing to a further
decline in futures, increased receipts of live hogs and dulness of trade. Prime Western 10.10c., Middle Western 10c.
and City steam 934 ®9%6. Refined lard has declined with
trade quiet. Continent 10.30c.; South America lie, and
Brazil in kegs 12c. The speculation in lard futures here has
been dull. At the West the trading has been active with
the trend of prices downward in the main, owing to larger
'
arrivals of live hogs at some decline in quotations, weakness
in corn at times and selling for the decline by large packing
interests, together with scattered long liquidation.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW YORK.
3a1.
Mon.
Tues.
Wed. Thurs. Frt.
March delivery
10.00
9.90
9.92
9.75
9.80
9.65
1day delivery
10.10
9.93
9.95
9.80
9.90
9.75 •
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
May delivery
9.80
9.80
9.67% 9.5734 9.70
9.55
July delivery
9.6734 9.6734 9.55
9.4734 9.60
9.4734
COTTON.
Friday Night, Feb. 10 1911.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given below. For the
week ending this evenihg, the total receipts have reached
173,669 bales, against 184,875 bales last week and 207,800
bales the previous week, making the total receipts since
Sept. 1 1910 7,300,753 bales, against 5,777,958 bales for
the same period of 1909-10, showing an increase since Sept.
1910 of 1,522,795 bales.
Receipts at
-
Sat.
Galveston
Port Arthur_ __ _
Texas City, &o_ _
New Orleans_ __ _
Gulfport
Mobile
Pensacola
Jacksonville, &c.
Savannah
Brunswick
Charleston
Georgetown _ _ _ _
Wilmington
Norfolk
N'port Nevis. 8to
New York
Boston
Baltimore__
Philadelphia___ _
2.947
7.276
949
330
4,897
607
Mon.
Tues.
Wed. I Then.I Frt.
7.850 14,823 10,372 3.788 10,501
_ _
7,125
-465
5,597.1 7,377 5,452 10Xi 2
451$
3,156
337 2,400
222
67
173
6.750
6,850
119
50
4.308 4,919 5,053 3.470 3.894
4,175
430
645
392
356
448
1,143
1.940
973
2,540
591
3,062
241
82
1,486
_
487
1,690
432
927
291
125
35
274
Total.
50,261
7.521
38.033
3,156
4,148
15,600
499
26,541
4.175
2,878
546 4.172
345 10,504
154
345
3,014
630
2.533
3.014
Totals this week_ 20.330 21.715 35,453 38.009 19.641 38.514 173.669
The following shows
PORK on the spot has been dull but firm on light offerings. since Sept. 1 1910 and the week's total receipts, the total
the stocks to-night, compared with
Mess $22 50®$23, clear $22@$23, family $22 50®$24 50. last year:
Cut meats have been quiet and firm; supplies light. Pickled
hams, regular, 12%®133.4c.• pickled bellies, clear, 13@
1910-11.
1909-10.
Stock.
'
13Mc.; pickled ribs 13 ®13Mc. Beef has been quiet and
Receipts to
Feb. 10.
This Since Sep This Since Sc'
generally steady; supplies ‘somewhat larger. Mess $14@
Week. 1 1910. Week. 1 1909.
1911.
1910.
$14 50, packet $15©$15 50, family $16 50@$17 and extra
50,261 2,422,568 38,718 2,108,14
India mess $29@$29 50. Tallow has been dull and easy at Galveston
173.624 130,374
Port Arthur
154,178
nic. for city. Stearines have been in fair demand and Texas City, &o... 7,525 300,869 5,736 102.01k
948
31,309
,
firm; oleo 836®89c. and lard 10%c. Butter has been more New Orleans ___ _ 38,033 1,252,272 14,106 879,521 188,302 203.131
Gulfport
_
3,156
28.882
___
8,262
14,064
1.004
active and firmer; creamery extras 27@273.c. Cheese in Mobile _
4,148 223.934 2;998 194,733
31 619
29,635
fair demand and steady; State, whole milk, colored, Sept., Pensacola
15,600 103,312
500
98,591
Jacksonville, &o_
499
22.094
675
37,334
fancy, 15c. Eggs quiet and easy; Western firsts 203'®21c. Savannah
26.541 1,290.262 9,029 1.168,642 124.785
71,155
COFFEE on the spot has declined, owing to a further Brunswick
4,175 213,426 1,608 199.190
13,652
8,378
2.878 264,436
318 191,610
sharp fall in futures, lower cost and freight offers from Charleston
33,267
26.838
Georgetown __ _ _
931
25
1.073
and dulness of trade. Rio No. 7, 123j®12%c.; Wilmington
Brazil
3
_
4,172 379.454 1,690 281,742
9,506
15.974
10,504 508,243 3,123 398,981
Santos No. 4, 12% ®1*4c. West India growths have been Norfolk
23,055
31,088
Newp't News, &o.
____
3.848
849
14,491
quiet and weaker; fair to good Cucuta 135
,®13%c. The New York
• 630
6.272
___3.765 298.724 165,870
speculation in future contracts has been active and excited, Boston
2,533
31.850
640
7,282
4,133
7,928
Baltimore
3,014
93.607
567
50,058
8,974
10,369
and prices have fluctuated violently, with the trend down- Philadelphia
---315
____
812
4,866
1,717
ward much of the time, owing to sensational declines in the
173 8807 300 7531 RI 3285 777 058 ann 801 inq 180
Total
European markets, rumors of financial troubles in Brazil,
improved crop reports from that country where beneficial
In order that comparison may be made with other years,
rains have fallen, bear raiding and heavy liquidation. Trade we give below the totals at leading ports for six seasons:
Interests have given support and latterly prices have rallied.
February _10.14o.I May
10.200.I August _10.10o.I November 9.820.
March____10.190. June _A0.20.3. Septemb'r 10.00o. December 9.80o.
April
10.30o. July
10.200. October __ 9.920. January _ 9.800.
SUGAR.
-Raw has been in moderate demand and firmer.
Centrifugal, 96-degrees test, 3.48c.; muscovado, 89-degrees
test, 2.98c.; molasses, 89-degrees test, 2.73c. Refined has
been quiet and steady. Granulated 4.60c. Teas have been
in fair demand and generally firm. Spices quiet and steady.
-Linseed has been quiet and firm; city, raw, AmeriOIL.
can seed, 94@95c.; boiled 95®96c., Calcutta, raw, $1.
Cottonseed has been in fair demand and generally steady;
winter 7.50@7.75c., summer white 7.20@7.30c., crude
5.80 ®5.90c. Cocoanut has been quiet and easy; Cochin
9%®9%c., Ceylon 9%c. Corn has been in good demand
and steady at 7.15©7.20c. Olive quiet and steady at 90®
95c. Lard quiet; prime Western $1 05®$1 18, No. 1 extra
65©70o. Cod fairly active and steady; domestic 53@55c.,
Newfoundland 57@58c.
PETROLEUM.
-Refined has been quiet and steady; barrels 7.40c.• bulk 3.90c.; cases 8.90c. Gasoline has been in
demand and steady; 86-degrees, in 100-gallon
moderate'
drums, 1830.; drums $8 50 extra. Naphtha quiet and steady
/
73©76-degrees, in 100-gallon drums 163 c.; drums $8 50
4
extra. Spirits of turpentine quiet at 90 ®91c. Rosin quiet
'
at $7 10(07 25.
TOBACCO.
-The conviction is very general among
packers that manufacturers are carrying small stocks, and
it is therefore not surprising that rather more inquiry has
latterly been noted. The fact that cigar makers are well
employed is evidenced by the persistent demand for the
requisite supplies. Good binder in particular has met with
a steady sale. It is worthy of note, too, that the West still
shows an unmistakable disposition to purchase shade-grown
Connecticut tobacco, and it is no less plain that buyers are
inclined to take Havana seed and broad leaf steadily. Planters require full prices for Pennsylvania of 1910 growth, and
the fact that the great bulk of it seems to have been already
sold naturally has a bracing effect on quotations. Moreover, there is an excellent demand for Wisconsin 1909 binder.
On the other hand,Ohio tobacco is almost entirely neglected.
COPPER quiet. Lake 12%®12/c.; electrolytic 12.30®
5
1238c.; casting 12 ®12%c. Tin quiet and easier; spot
/
38.15c. Lead dull and steady at 4.40@4.50c. Spelter
quiet but firmer at 5.50(45.60c. Pig iron has been firm and
more active, with the output decreasing. No. 1 Northern
$15 25@$15 75; No. 2 Southern $15 25@$15 50.
Receipts at
-
1911.
Galveston __ _
Pt.Arthur.&e.
New Orleans _
Mobile
Savannah _
Brunswick_ _ _
Charleston,&o
Wilmington.._
Norfolk
N'port N., 4to
All others_ _ _ _
Total this wk_
50.261
7,525
38,033
4,148
26.541
4,175
2,878
4,172
10.504
25,432
173.869
1910.
38,718
8,684
14,106
2,998
9,029
1,606
3411
1,890
3.1231
8491
2,382
81,326
1909.
1908.
1907.
1906.
76,449
4,591
58,377
6,947
18,862
10.545
3,275
7,417
6.698
947
7.683
73.615
2.487
49,682
6.342
18,637
1,483
1,038
7,057
13,725
194
7,832
102.561
7,390
43,711
3,217
20,660
2.548
1,808
2,551
10,787
2,896
10,019
55,023
8,241
41,373
1,233
11,682
2,546
1,381
598
4,722
327
6,109
201,591
180,092
208,148
131.235
Since Sept. 1_ 7,300,753 5,777.958 7,770,026 6,571,304 7.733,988 5.995.286
The exports for the week ending this evening reach a total
of 223,048 bales, of which 74,856 were to Great Britain,
33,815 to France and 114,377 to the rest of the Continent.
Below are the exports for the week and since Sept. 11910.
Exports
from
Galveston _ _ _ _
Port Arthur_.
Texas City, dm
New Orleans.
Mobl e
Pensacola _
Gulfport
Savannah
Brunswick_
Charleston _
Wilmington_
Norfolk
Newport News
New York_ _ -.
Boston
Baltimore
Philadelphia..
Portland, Me_
San Francisco.
Seattle
Tacoma
Portland, Ore_
Pembina
Detroit
Total
Week ending Feb. 10 1911. Front Sept. 1 1910 to Feb. 10 1911.
Exported toExported to
Great
I Conti,
Great
Conti
Britain.Feats nem. Total. Britain. France. nett.
16,890
____ 42,478 59.368 846.067275,464
42,0831 48,941
6,715
410 7,125 205,686 39,379
32,569 7,479 28,53 68,586 692.657100.695
2,066
2,066 59,147s 35.603
6,750 8,850
15,600 39,382 30,084
4,516 10,207
10,951 12,729 23.180 291.498105.813
90,92V
1 15.549 9,909
13,991 13,991 124,171 32,01
200
10,400
200
6,182 6,535
3,684
7,859 20,576 210,225 65,91
500
500 86.840
1 13,881 6,173
110 3,794 42,713
527
1
3,610 3,610
4,452 4,452
Total.
794.468 1,915,999
63,154 154.178
16,897 261,762
266,611 1,059.963
50,838 145.588
34,899 104,365
95
14,818
353,300 750,609
75,102 166,027
80.651 106,100
194,516 350,702
2,220
12,620
130,74
7,8
55,47
6,08
406,892
94,728
75.001
48,802
527
69,18
59,188
35,486 35,486
8,880
8.880
500
500
2,075
2.075
74,856 33,815 114,377 223,048 2,778,320 760,192 2,236,8045.775.316
Total 1909-10_ 20,70711,211 36.205 68.123 1,545.499 774.250 1.907,4434.327.111
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.
On Shipboard. Not Cleared forOther CoastGreatI GerFeb. 10 at- Britalnl Prance! many. Foreign wise.
4,478 6,352 12,686
4,143 16,550 26,040
9,000
____
---3,000
---____
6,E605 4,822
316
3,950
2,800
500
3,387
8,000
Total.
Leaving
Stock.
32,352
94,004
14,100
3,500
16,988
8,000
6,000
13,500
Total 1911__ 67,720 15,021 45,224 41,026 18,953 188,444
Total 1910_ 30,544 10,517; 46,330 21,838 21,568 130,797
Total 1909_ 65,499 32 109' 34,372 14 252 15,990 162,222
-The highest, lowest and closing prices at
FUTURES.
New York the past week have been as follows:
I
135,950
79,620
110,685
29,767
14,631
15,055
292,724
39,725
718,157
572,672
737,347
8,520
New Orleans__
Galveston ____ 43,321
2,300
Savannah ____
Charletton_
2,Enti
Mobile
Norfolk
2,50o
New York_ _ _ _
8,500
Other ports...._
-ioo
____
1,56ii
1:iiiio
4,000
500
Speculation in cotton, for future delivery has been more
active at declining prices. The decline is traceable to a
variety of causes,, among them a noticeable falling off in
Lancashire's trade coincident with plague and famine in
China, where, according to the Seattle Commercial Club, a
million persons are starving. A resolution of the House of
Representatives authorizes the Secretary of War to send a
transport to Seattle for the purpose of forwarding supplies to
China. Also bar silver has continued to decline in London,
having recently fallen 1 5-16d., whereby the purchasing
power of India and China has been correspondingly curtailed.
The' receipts at our Southern ports and interior towns have
continued on so large a scale that many are more than ever
confirmed in the belief that the crop is something like
12,000,000 to 12,250,000 bales, if not more. At the same
time some close students of the situation, noting the calamity
in China, the decline in silver, the very evident decrease in
Lancashire's trade and the unsatisfactory condition of the
textile industry in this country,where curtailment by the big
cotton mills is quietly proceeding, are inclined to believe that
Ellison's estimate of the world's consumption of American
-made some time ago, and which
cotton-11,500,000 bales
evoked caustic criticism in some quarters, may, after all,
turn out to be far more correct than the estimates of some
others who have put the figures very much higher. Economy, retrenchment, conservatism, are still very evidently
the dominant note in American life to-day, and hence the
wariness of American spinners in purchasing raw cotton.
Hence, too, the fact that curtailment at'Fall River and New
Bedford, and apparently elsewhere, is quietly being adopted.
The reduced production in some centres;it is stated, exceeds
that recently recommended by the Arkwright Club of 25%.
Furthermore, rains are officially reported in many parts of
-a fact which cannot fail to have a distinctly beneficial
Texas
effect in that State. It is also said in private advices that
farmers throughout the State of Texas are further along with
their season's work than at this time for some years past,
as they have been favored by a long season of unusually
mild weather, and, despite reports to the contrary, by
the excellent condition of the ground for plowing. It
also appears that there is a large increase of new land
in the western and southern parts of the State
which will be devoted to cotton culture at the decidedly remunerative prices for the staple which have
prevailed for several years past. Despite the recent decline,
raw cotton is still selling at the South at $70 to $75 a hale,
whereas some years ago the Southern farmer had to accept
$25. As regards the local market, some leading spot interests have been buying March and July and well-known bulls
have given more or less support at times. Though spot sales
at Liverpool were very small during most of the week, they
rose to 12,000 bales on Friday, and there was some covering
of shorts before the Lincoln's Birthday holidays here and in
New Orleans-where the Exchanges will be closed to-morrow
as well as Monday-which tended to steady prices, at least
for the time being. But the feeling is rowing that, with
trade in its present unsatisfactory condition at home and
abroad, and the visible supply the largest at this time with
one exception for years past, and the Texas drought at least
partially if not wholly broken and with spinners plainly
averse to taking the risk of buying freely in a market which
has displayed of late such pronounced weakness, nothing
more than temporary rallies can be hoped for until a level of
values is reached which will attract both the spinner and
the speculator. To-day a small advance occurred early on
more favorable Liverpool advices than had been expected,
.
and covering of shorts,but,later, prices declined on a reaction
at Liverpool, further Texas rains, liberal receipts, bearish
pressure and liquidation. Spot cotton here has been quiet.
Middling upland closed at 14.35c., a decline for the week of
30 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
Feb. 4 to Feb. 10Middling uplands
Sat.
14.65
Mon. Tues. Wed. Thurs. Fri.
14.45 14.45 14.40 14.35 14.35
NEW YORK QUOTATIONS FOR 32 YEARS.
The quotations for middling upland at New York on
Feb. 10 for each of the past 32 years have been as follows:
1011_c
1910
1909
1908
1907
1906
1905
1904
[VOL. Lxxxxii.
THE CHRONICLE
400
14.35
15.25
9.85
11.70
11.10
11.25
7.70
14.25
1903_o
1902
1901
1900
1899
1898
1897
1896
9.50
8.56
9.75
8.56
6.44
6.25
7 19
8.19
1895_0
1894
1893
1892
1891
1890
1889
1888
5.62
8.06
9.25
7.19
9.25
11.25
10.12
10.62
1887.o
1886
1885
1884
1883
1882
1881
1880
9.50
9.06
11.12
10.75
10.25
11.75
11.56
13.12
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THE VISIBLE SUPPLY OF COTTON to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for tonight (Friday), we add the item of exports from the United
States, including in it the exports of Friday only.
February 10Stock at Liverpool
Stock at London
Stock at Manchester
1908.
1909.
1910.
1911.
bales.1,286,000 1,017,000 1,346,000 1,068,000
11,000
10,000
3,000
9,000
73,000
72,000
67,000
107,000
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stook at Genoa
Stock at Trieste
Total Continental stocks
1,402,000 1,087,000 1,428,000 1,152,000
14,000
11,000
9,000
4,000
271,000 262,000 447,000 375,000
267,000 452,000 318,000 223,000
4,000
4,000
3,000
2,000
39,000
42,000
,8000
17,000
30,000
44,000
68,000
61,000
19,000
1,000
4,000
2,000
624,000
806.000
867,000
704,000
2,026,000 1,893,000 2,285,000 1,856,000
Total European stocks
115,000
130,000
171,000 289,000
India cotton afloat for Europe
317,847 675,748 776,513
694,928
Amer. cotton afloat for Europe
50,000
56,000
45,000
56,000
r Europe_
Egypt,Brazil,ece.,afitio
271,000 202,000 304,000 235,000
Stock in Alexandria, Egypt
556,000
584,000 441,000
440,000
Stock in Bombay, India
793,747
703,469 899,569
906,601
Stock in U. S. ports
528,510
804,369
708,751
Stock in U. S. Interior towns_ _ _ _ 625,509
28,427
15,243
11,696
31,615
exports to-day
U. S.
5,222,653 4,754,763 5,620,929 4,930,197
Total visible supply
Of the above, totals of American and other descriptions are as follows:
American
bales.1.151,000 984,000 1,239,000 940,000
Liverpool stock
56,000
60,000
52,000
89,000
Manchester stock
578,000 744,000 832,000 629,000
Continental stock
776,513
317,847 675,748
694,928
American afloat for Europe
793,747
703,469 899,569
906,601
U. S. port stocks
625,509 708,751
804,369 528,510
U. S. Interior stocks
28,427
15,243
31,615
11,696
U. S. exports to-day
Total American
East Indian, Brazil. &c.
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil, &c., afloat
Stock In Alexandria, Egypt
Stock In Bombay, India
Total East India, &c
Total American
4,076,653 3,481,763 4,525,929 3,752,197
135,000
9,000
18,000
46,000
171,000
56,000
271,000
440,000
73,000
3,000
15,000
62,000
289,000
45,000
202,000
584,000
107,000
10,000
12,000
35,000
130,000
56,000
304,000
441,000
128,000
11,000
17,000
75,000
115,000
50,000
235,000
556,000
1,146,000 1,273,000 1,095,000 1,187,000
4,076,653 3,481,763 4,525,929 3,752,197
5,222,653 4,754,763 5,620,929 4,939,101
Total visible supply
6.21d.
5.11d.
Middling Upland, Liverpool
8.15d.
7.77d.
11.350.
9.850.
Middling Upland, New York..
15.150.
14.35c,
0-d.
8 %d.
Egypt, Good Brown, Liverpool_10 11-16d. 15 1-16d.
10.75d.
7.75d.
10d.
Peruvian, Rough Good, Liverpool 11.30d.
5 lid.
5d.
7 3-4d. 7 9-16d.
Broach, Fine, Liverpool
7 5-8d. 7 3-16d. 4 15-16d. 5 7-16d.
Tinnevelly, Good, Liverpool
Continental imports for the past week have been 195,000
bales.
The above figures for 1911 show a decrease from last week
of 57,344 bales, a gain of 467,890 bales over 1910, a
decrease of 398,276 bales from 1909, and a gain of 283,456
bales over 1908.
THE CHRONICLE
FEB. 11 1911.
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.
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The above totals show that the interior stocks have decreased during the week 42,638 bales and are to-night 83,242
bales les9 than at the same time last year. The receipts
at all the towns have been 33,731 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:
----1910-11---Since
Week. Sept. 1.
16,017 377,918
7,063
157,777
1,593
25,426
95,513
4,012
2,922
51,045
3,107 118,120
6,289 122,587
February 10ShippedVia St. Louis
Via Cairo
Via Rook Island
Via Louisville
Via Cincinnati
Via Virginia points
Via other routes, &c,
Total gross overland
Deduct shipments
Overland to N. Y., Boston, doc
Between interior towns
Inland, dec., from South
----1909-10---Since
Week. Sept. 1.
10,672 828,905
2,509
131,067
785
17,058
72,255
2,584
35,172
964
85,171
898
119,053
4,237
40,983
948,966
22,649
748,679
6,177
894
524
132,044
22,130
29,196
1,207
1,005
2,337
61,917
22,947
35,299
Total to be deducted
7,595
183,370
4,549
120,163
Leaving total net overland •
33,388
765,596
18,100
628,516
• Including movement by
rail to Canada.
The foregoing shows the week's net overland movement
has been 33,388 bales, against 18,100 bales for the week last
year, and that for the season to date the aggregate net overland exhibits an increase over a year ago of 137,080 bales.
1910-11
In Sight and Spinners'
Since
Week.
Takings.
Sept. 1.
Receipts at ports to Feb. 10
173,689 7,300,753
Net overland to Feb.105.5
Southern consumption to Feb. 10 51;000 1,068,000
Total marketed
Interior stocks in excess
258,057
.42,638
9,134,349
574,731
Came into sight during week_ _215.419
Total in sight Feb. 10
North. spinners' takings to Feb.10 47,251
1909-10
Since
Sept. 1.
Week.
81,326 5,777,958
18,100
628,510
52,000 1,222,000
151,428
.11,992
9,709,080
1,563,956
7,628,474
625,588
139,434
8,254,062
43,933
1,566,145
• Decrease during week.
Movement into sight in previous years:
Week1909-Feb. 12
1908-Feb. 14
-Feb. 15
1907
1906-Feb. 16
Bales.
275,931
257,637
280,237
186,096
Since Sept. 11908-09-Peb. 12
1907
-08-Feb. 14
1906-07
--Feb. 15
1905
-06-Feb. 16
Bales.
10,539,543
8,696,503
10,313,723
8,270,
QUOTATIONS FOR MIDDLING COTTON AT OTHER
-Below are the closing quotations of middling
MARKETS.
cotton at Southern and other principal cotton markets for
each day of the week.
1434
1434
1494
14 11-16
1434
1434
1434
1434
14.90
14 15-16
1534
1534
14 13-16
140-16
1434 ,1434 , ,, 1434
14 34 ,k 1434 ;„ 1434 ,, •
1494 Z 1434
1434 .1434 t,• 1434
1434 •
1434 e, 1434®34 1434 ;
1434
14 11-16
1434 ,.,
1434 .
1434 j
1434
1494
1434
1434
1434
iili i ii3i
iiii
' ii3i ' iiq
1434
1434 I 1434
1434
1434
14.70
14.70
14.65 , 14.60
14.60
• 1434
1434
1434
1434
1434
15
ri, 15
15
15
15
15
1534
15
15'1/1
3 15
14 11-16 1434 r• 1434
14/g
1434
14 9-161% 14%
• 1434 1 1414
1454
r.
• Sat'day. Monday, Tuesday. Wed'day, Thursd'y, Friday.'
Feb. 4. Feb. 6. Feb. 7. Feb. 8. Feb. 9. Fe0.1110.1
W
14
0
4
171
Closing Quotations for Middling Cotton on
Sarday. Monday. Tuesday. Wed'day. Thurscry. Friday.'
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:
.g
Movement to February 10 1911. !
0
14
0
Galveston
New Orleans
Mobile
Savannah
Charleston
W lmington
Norfolk
Baltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rook
,.7.'
V
sg
=
0
01
Week ending
February 10.
401
February
Range
Closing
March
Range
Closing
April
Range
Closing
May
Range
Closing
June
Range
Closing
July
Range
Closing
August
Range
Closing
October
Range
Closing
December
Range
Closing
Tone
Spot
Ontions
_ ® _ _ ® __ ® _ _ ® _ _ ® _ _ ® 14.47 -14.29-.32 14.33 -14.21 -14.31 -14.20 14.59-.65 14.31-.48 14.32-.48 14.28-.45 14.17-.37 14.25-.43
14.59-.60 14.42-.43 14.45--14.31-.32 14.36-.37 14.25-.26
_ ® __ ® __ ® _ _ ® __ ® __ ® 14.68-.70 14.51-.53 14.53-.55 14.40-.42 14.45-.47 14.33-.35
14.77-.84 14.50-.68 14.46-.65 14.44-.61 14.33-.53 14.38-.57
14.77-.78 14.60-.61 14.61-.62 14.47-.48 14.51-.52 14.38-.39
_ ® _ _ ® _ _ ® _ _ ® _ _ ® _._ ® _
14.82-.84 14.64-.66 14.64-.66 14.50-.52 14.54-.56 14.42-.43
14.85-.94 14.69-.78 14.54-.75 14.53-.73 14.42-.62 14.48-.65
14.86-.87 14.70-.71 14.71-.72 14.55-.56 14.60-.61 14.48-.49
-® - ® - ® -- ® -14.00-.08 14 00.-02
14.35 -14.21 -14.22 -14.08 -14.08-.09 13.99-.01
13.39-.44 13.26-.35 13.22-.32 13.16-.30 13.04-.17 13 06-.17
13.39-.40 13.31-.32 13.30-.31 13.15-.17 13.16-.18 13 06- 07
13.28 -13.20-.21 13.18 - ® -12.95-.08 12.98-.01
13.27-.29 13.16.-18 13.18-.20 13.02-.03 13.08-.09 12.96-.98
Easy.
Quiet. Steady. Steady.
Steady. Steady. Steady. steady.
Easy.
Easy.
SlteAd v.
Stead v _I
WEATHER REPORTS BY TELEGRAPH. Reports to
us by telegraph from the South this evening denote that
rain has been quite general during the week, but the precipitation has been light at most points. Lower temperature
is stated to have interfered with farm work in some localities.
Galveston, Texas.
-Rain has fallen on one day during the
week, to the extent of two hundredths of an inch. The
thermometer has ranged from 52 to 68.
Abilene, Texas.
-There has been rain on two days during
the week, to the extent of fifty-three hundredths of an inch.
The thermometer has ranged from 34 to 52.
-There has been rain on one day during
Palestine, Texas.
the week, the rainfall being thirty hundredths of an inch.
The thermometer has ranged from 44 to 66.
• San Antonio Texas.
-It has rained on two days during the
week, to the extent of twenty-five hundredths of an inch. The
thermometer has ranged from 46 to 68.
Taylor, Texas.
-There has been rain on two days, to the
extent of seven hundredths of an inch. The thermometer
has ranged from 44 to 66.
Shreveport, Louisiana.
-Rain has fallen on one day of the
week, the rainfall reaching eighty hundredths of an inch.
The thermometer has ranged from 43 to 82.
-We have had rain on four days
Vicksburg, Mississippi.
during the week, the ptecipitation being one inch and six
hundredths. The thermometer has averaged 64, the highest
being 78 and the lowest 43.
Helena, Arkansas.
-Farming has been delayed by the
cold wave. Rain has fallen on four days of the week, the
rainfall reaching twenty-one hundredths of an inch. The
thermometer has ranged from 32 to 73, averaging 52.3.
Montgomery, Alabama.
-We have had rain on five days
of the past week, the rainfall being sixty-five hundredths of
an inch. The thermometer has averaged 62, ranging from
46 to 78.
-We have had rain on five days during
Selma, Alabama.
the week, the rainfall reaching seventy-two hundredths of an
inch. Average thermometer 60.5, highest 74, lowest 41.
-We have had a shower on one day
Madison, Florida.
during the week. The thermometer has averaged 66, the
highest being 77 and the lowest 54.
Savannah, Georgia.
-Rain has fallen on one day of the
week, the precipitation reaching eleven hundredths of an
inch. The thermometer has averaged 61, ranging from 47
to 77.
-Rain on one day of the week
Charleston, South Carolina.
with the precipitation one hundredth of an inch. The
thermometer ranged from 48 to 73.
Charlotte North Carolina.
-Rain has fallen to the extent
'
of one inch and sixteen hundredths during the week. Maximum temperature 63, minimum 33 and average 45.
Mobile, Alabama.
-Reports from the interior indicate
that planting preparations are well advanced. There has
been rain during the week to the extent of one inch and
thirty-one hundredths on three days. The thermometer
has averaged 67, the highest being 77 and the lowest 50.
Memphis, Tennessee.
-We have had rain on four days of
the past week, the rainfall being two inches and three hundredths. Average thermometer 58, highest 70, lowest 37-,
Lxxxxii.
THE CHRONICLE
402
WORLD'S SUPPLY AND TAKINGS OF COTTON.
1910-11.
Cotton Takings. •
Week and Season.
Week.
1909-10.
Season.
Week.
Season.
5,279,997
4,852,400
Visible supply Feb. 3
1,495,514
1,931,022
Visible supply Sept. 1
American in sight to Feb. 10__ 215,419 9,709,080 139,434 8,254,062
63,000 1,117,000 107,000 1,627,000
Bombay receipts to Feb. 9
9___
25,100
133,305
22,000
110,000
Other India ship'ts to Feb. 9
8__
20,000
896,000
7,000
621,000
Alexandria receip s to Feb. 8
7,000
174,000
6,000
167,000
Other supply to Feb. 8 •
• Total supply
5,610,516 13,524,899 5,133,834 12,710,084
• Deduct
Visible supply Feb. 10
5,222,853 5,222,853 4,754,763 4,754,763
387,863 8,302,246 379,071 7,955,321
Total takings to Feb. 10
265,763 6,425,941 242,071 6,226,321
Of which American
122,100 1,876,305 137,000 1,729,000
Of which other
- Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.
•
COTTON CONSUMPTION AND OVERLAND MOVE-Below we present a synopsis of the
MENT TO FEB. 1.
crop movement for the month of January and the five
months ended Jan. 31 for three years:
1910-11.
bales
Gross overland for January
Gross overland for 5 months
Net overland for January
Net overland for 5 months
Port receipts In January
Port receipts in 5 months
Exports in January
Exports in 5 months
Port stocks on Jan. 31
Northern spinners' takings to Feb. 1._ _
Southern consumption to Feb. 1
Overland to Canada for 5 months (included in net overland)
Burnt North and South In 5 months
Stock at North. Interior markets Feb. 1
Came in sight during January
Amount of crop in sight Feb. 1
Came in sight balance of season
Total crop
Average gross weight of bales
Average net weight of bales
1909-10.
1908-09.
169,424
891,457
136,397
717,841
1,001,078
7,043,445
1,042,163
5,421,293
1,032,420
1,488,802
991,000
151,778
710,649
122,850
597,130
592,225
5,661,496
464,247
4,165,929
767,735
1,499,357
1,136,000
204,756
1,065,802
179,036
909,516
1,135,788
7,366,143
1,177,823
5,788,015
925,245
1,727,978
974,000
69,359
615
18,983
15.019
1,179,175
866,870
9,387,286 8,036,326
36,326
2,614.635
10,650,961
512.89
508.28
488.89
484.28
63,501
93,428
SHIPPING NEWS.
-As shown on a previous page, the
exports of cotton from the United States the past week have
reached 223,048 bales. The shipments in detail, as made
up from mail and telegraphic returns, are as follows:
Total bales.
NEW YORK-To Liverpool-Feb. 4-Cymrie, 4,454
4.454
To Manchester-Feb. 3-Camoens, 1,728
1,728
To Havre
-Feb. 4
-Chicago, 2,101__ _Feb, 7
-Florida, 4,434_ 6,535
To Bremen-Feb. 6-Rheln 5238
5,238
To Antwerp-Feb. 7
-Finland, 361
360
To Barcelona-Feb. 4-Montevideo, 1,550
1,550
To Genoa
-Feb. 3-Konig Albert, 69
69
To Naples
-Feb.3-Konig Albert, 641
841
GwLVESTON-To Liverpool
4,624
-Feb. 6-Amazone,se, 4,624
To Mancdetter-Feb. 2-Asuncion de Larrinaga, 12,266
12,286
To Bremen-Feb. 6-Botkum 12,799__ _Feb. 8-St. Kilda,
10,524; St. Oswald, 12,261
35,584
To Rotterdam-Feb.8
-Lord Antrim, 144
144
To Genoa
-Feb. 8-St. Johann, 6,750
8,750
TEXAS CITY-To Liverpool
6,715
-Feb. 7
-Louisianian, 6,715
To Mexico-Feb. 3
410
-City of Tampico, 410
-To Liverpool-Feb. 6-ClvIlian, 15,263; MelNEW ORLEANS
tonlan, 5,706__ _Feb. 7
-Engineer, 8,000; Wm. Cliff, 3,600_ _ 32,569
To Havre
-Feb. 4-Tampican, 7,479
7,479
To Bremen-Feb. 7
-Michigan, 10,651_ _ _Feb. 9-Tripoli.
• 11,800
22,451
To Barcelona-Feb. 8
1,425
-Martin Sacnz, 1,425
To Genoa-Feb. 4-11 Piemonte, 4,662
4,662
MOBILE-To Liverpool-Feb.8-Clifton, 2,066
2,088
PENSACOLA-To Liverpool-Feb. 8-E. 0. Saltmarsh, 8,750_ 8,750
To Havre
-Feb. 10
-August Belmont, 8,850
8,850
SAVANNAH-To Havre
10,951
-Feb. 7
-Pontiac, 10.951
To Hamburg-Feb. 7
-Navarre, 389_ _ _Feb. 8-Trabbooh,
7,540
7,929
To Antwerp-Feb. 7
-Navarre, 650
650
To Trieste
-Feb. 3-Clara, 2,950
2,950
To Venice
-Feb.3
-Clara. 500
500
-Feb. 3
-Clara, 200
To Fiume
200
WILMINGTON-To Bremen-Feb. 3-Eritza Mendt, 13,991
13,901
NORFOLK-To Rotterdam-Feb. 8-Drumealrn, 200
200
-Romanic,500
BOSTON To Genoa Feb. 3
500
PHILADELPHIA To Liverpool-Feb. 4-Merlon. 1,105
1,105
-Manchester Corporation, 2,579
To Manchester-Feb. 7
2,579
-Manchester Corporation, 110
110
To St. John-Feb. 7
3,610
SAN FRANCISCO-To Japan-Feb. 8-Nippon Maru, 3,610
4,452
-Seattle Maru, 4,452
SEATTLE
-To Japan-Feb. 4
19,403
1,434,091
10,003,659
3,825,187
13,828,846
514.90
490.90
INDIA COTTON MOVEMENT FROM ALL PORTS,
February 9.
1910-11.
Receipts at
1Since
Week. Sept. 1.
1009-10.
Week.
Since
Week. Sept. 1.
Since September 1.
For the Week.
Great
Great Conti- Japan
Britain. neat. &China Total. Britain.
Bombay
14,000
14,000
1910
-11_
1909-10_ _ 4,666 59,000 34,(506 97,000
42,000 42,000
1908-09_ _,
Calcutta
2,000 6,000 8,000
-11_ _
1910
1,000 12,000 13,000
1909-10._
2,000 1,000 3,000
1908-09__
Madras
2,000
2,000
-1L _
1910
1,000
1,000
1909-10_
1,000
1,000
1908-09_ _
All others
100 15,100
-11__ 2,000 13,000
1910
8,000
8,000
1909-10__
1908-09__ 1,000 8,000 1,000 10,000
Total all
-11__
1910
1909-10__
1908-09__
1908-09.
63.000 1.111.000 107.000 1.627.000 92,000 1.027,000
Bombay
Exports
from
Since
Sept. 1.
Japan
Continerd. & China. Total.
Spot.
17,000 398,000 245,000 660.000
37,000 435,000 383,000 855,000
11,000 237,000 256,000 504,000
2,000
2,000
4,000
8,000
15,000
16,000
6,000
14,000
22,000
16,000
31,000
42,000
8,000
4,000
3,000
15,000
8,000
14,000
5
1,000
2,000
23,005
13,000
19,000
22,000
16,000
8,000
71,000
49,000
72,000
1,300
1,000
7,000
94,300
66,000
87,000
49,000 492,000 252,305 793.305
59,000 507,000 399,000 965,000
28,000 339,000 287,000 652,000
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,
February 8.
Receipts (cantars)• This week
• Since Sept. 1
• •
•
••
Exports (bales)To Liverpool
To Manchester
To Continent
To America
1910-11.
1909-10.
1908-09.
155,000
6,722,737
50,000
4,657,637
170,000
5,548,057
This Since
Week. Sept. 1.
This Since
Week. Sept. 1.
This Since
Week. Sept. 1.
4,500 157,539 4,000 107,581 1,500 121,592
8,750 154,980
___ 90,237 8,500 127,180
15,750 248,604 14,500 206,169 15,750 190.114
2,000 79,437 1,250 49,798
900 41,975
31,000 640,580 19,750 453,785 26,650 480,861
Total exports
.
-s
1VOte.-k-cantar is 99 1b. Egyptlin ha es weigh about 750 lbs.
-
Monday.
Good
demand,
Tuesday.
Irregular.
Wednesday. Thursday.
Quiet.
Fair
business
doing.
Friday.
Good
demand,
Mid. Upl'ds
7.83
7.79
7.78
7.78
7.71
7.77
Sales
Spec. exp.
&
15,000
6,000
10,000
2,500
6,000
1,000
6,000
800
8,000
1,000
12,000
7,000
Futures.
Easy at
Market 1 434®634
opened
J pts. dec.
Market,
4
D
2,000 31,000 6,100 39.100
4,000 69.000 46,000119,000
1.000 11,000 44,000 56,000-
Saturday.
Market, 1
12:15 }
Good
P. M. J demand,
AN
Steady at
234®334
pts. dec.
Steady at
1®2 pts.
decline.
Quiet at
434®635
pts. adv.
Easy at
7®8 pts.
decline.
Steady at
5®6 pts.
advance.
1 Steady at 4 Quiet at
Weak at Steady at Steady at Quiet at
1 pts. dec. to,33408 pts. 434®634 5®635 pts. 9®1034 135®2 pts.
,
I 1, int
nal, i
doollna
IltA
dd..
,
advanon
nta
Ann
navanon
The prices for futures at Liverpool for each day are given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
The prices are given in pence and 100ths.
Thus, 7 62 means 7 62-100d.
Wed,
Tues.
Thurs.
Fri.
Mon.
Sat.
Feb. 4
to
1234 1234 4 1234 4 1234 4 1234 4 123.4 4
Feb. 10. 1234
p.m. p.m. P.m. P.m.
P.m. p.m. p.m. P.m. P.m. P.m. P.m. P.m.
February ____ 7
Feb.-Mch. ____ 7
Mch.-Apr. _ _
7
Apr -May , ____ 7
May-June ____ 7
June
-July__ _ _ 7
July-Aug_ _ _ _ _ 7
Aug.
-Sep_
7
Sept.
-Oct. ____ 7
Oct.
-Nov. ____7
Nov -Dec. _ _ _ _ 7
Dec.
-Jan.
7
Jan -Feb. ____ 7
483,4 48
54 M 4934
51
5834 57
62;6 57 5534 56
5434 493,4
51
5034 57 4834 48
623,4 5635 5534 56
58 3.5 49 34 49 M 55 M 51
57 35 57% 5234 58
653459
59 5934 5034 5035 5634 52
6834 60 5834 5834 53
60 5934 54 60 6034 5134 5134 5736 53
673481
59 3.5 50 34 5035 56 A 52
59
58 35 53
66 M 60 59
58 35 4934 4934 5534 51 M
573,4 52 58
58
6534 59
42 M 33 A 33 M 39 35
49 M 4334 42 35 41 M 36M 42
,
12 35 18 M
17 053607
15
12
22
16
17
18
92 A 98 94
08 03 04 02 97 M 00% 02 A 91
02 97 98
96 91 35 95 M 97 85;5 86 A 91 A 88
013497 98 98 91 A 95 96 M 85 88 91
8734
01 &, 97 98
4
on
91 t.4 95 96 M 85 86 90 A 87%
The statement shows that the receipts for the week were
155,000 cantars and the foreign shipments 31,000 bales.
BREADSTUFFS.
-Our report received by cable
MANCHESTER MARKET.
Friday, Feb. 10 1911.
to-night from Manchester states that the market is quiet for
Prices for wheat flour have been heavy of late, owing to
both yarns and shirtings. Merchants are buying very
sparingly. We give the prices for to-day below and leave the weakness in wheat, though quotations have shown few
those for previous weeks of this and last year for comparison. changes of importance. In fact, the trading here has been
so dull as to make the market largely a mere nominal affair.
1909-10.
Moreover, dulness has continued in all of the large markets
1910-11.
83.I lbs. Shirt- Cot'n of the West, the Southwest and the Northwest. Not only
831 lbs. Shirt- Cot'n
ings, common Mid. has new business been extremely light, but shipping direcinv. common Mid.
323 Cop
32s Cop
to finest.
Upl's
to finest.
Twist.
Twist.
Upl's
tions on old contracts have been received with exasperating
d. 9. d.
slowness. The output of flour at some very important cen(I s. d.
s. d. d
s. d. d. d.
d.
5 9 011 3
8.16 1034 0 1134 5 6 (410 0
8.26 tres has diminished.
rn 1134 ,.. 1234
Rye flour and corn meal have been dull.
8.07 10% (4 113. 5 634@10 1
8.50
r 30 1134 0 1234 5 9 011 3
Wheat has zigzagged within a moderate range of prices,
Jan.
lii 3
8.08 1034 0 1134 5 6 ©10 0
8.18 and has, as may be inferred, shown no great change in price
6 113,( (4 1234 5 9
8.07 105-16@ 11 5 5
9 1034 7.84
13 1154 0 123.( 5 9 (411 3
8.05 10
(4 1054 5 4 @I) g
20 113.4 0 124 5 9 ©11 3
7.56 either way. It is a fact beyond controversy, however, that
7.89 large and increasing supplies, the dulness of the flour trade,
8.02 1034 0 1034 5 4 '49 9
27 1134 0 1236 5 9 011 3
Feb.
0 12% 5 9 (411 3
7.88 10% 0 11% 5 5 09 10% 7.91 the listlessness of the cash markets and the generally favora3 11
.
11 7/ G
n
ta.11 1
1 '17 MIL
.
111, K
C
tn. n In., n • e
10 lilt,
ble outlook for both domestic and foreign crops have militated
403
THE CHRONICLE
FEE. 111911.]
against anything like a sharp or permanent rise of prices.
The world's available supply within a week, it is of interest
to observe, has increased no less than 1,631,000 bushels,
which is more than five times greater than the increase during the same time last year. It is also a fact that the world's
available supply now amounts to, roughly, 181,000,000
bushels, an increase over that of a year ago of about 43,000,000 bushels. The European visible supply increased
during the week 1,240,000 bushels, a fact of some significance,
seeing that during the previous week there was a decrease of
over half a million bushels. The stock at Minneapolis has
increased to some extent in spite of small receipts there,
a circumstance which of itself is rather striking evidence of
the dulness of the cash trade in that market. It is pointed
out, too, that despite a small decrease during the week in
Chicago's stock of contract wheat, the total there of that sort
is close to 5,000,000 bushels, or more than double that held
at this time last year. Foreign markets have been declining
at times. Yet on the other hand the fact is undeniable that
the movement of the crop is small and that there is
less pressure of long liquidation than was noticeable a while
ago. It would seem that the world's wheat markets as a
whole are marking time, awaiting further developments before moving decisively one way or the other. Late in the
week European markets steadied somewhat, especially Liverpool, and it was noticed that Buenos Ayres quotations also
advanced. The Argentina shipments were nearly a million
bushels less than for the same week last year. Still, there is
a vein of scepticism in many quarters as to the feasibility of
materially or permanently advancing prices at this time.
A stumbling block in the way of an advance is the fact that
export trade continues dull. The American farmer is
crowded out of the foreign markets by his competitors in
Argentina, Australia and Canada, to say nothing of other
parts of the world. The stagnation in the flour trade is
partly reflected in the decrease in the output at Minneapolis
for instance. It amounted for the week to only 272,165
barrels, against 277,765 in the previous week and 321,305
for the same week last year, while the total output at the
Northwest is stated at 300,770 barrels, against 307,645 in
the previous week and 347,505 for the same week last year.
At the same time prices of the various future deliveries of
wheat are from 5 to 15 cents lower than they were a year ago
and it is plain that there is therefore less aggressiveness on the short side than was noticeable when prices were
on a higher plane. To-day prices declined on favorable re
ports regarding the prospects for early action on the proposed reciprocity with Canada, bearish crop accounts, dulness on the spot and general selling.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat. Mon. Tues. Wed. Thurs. Fri.
No.I red winter
99
9734 9734 9714 97 M 9634
May delivery in elevator
99 M
101 M 101
10034 1003( 101
July delivery In elevator
100 34 100
100
9834
9934 100
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
May delivery in elevator
98
9534 9434 94 M 95
93 X
July delivery in elevator
93 M 93 M 92 M 92 M 93 M 92
September delivery in elevator
92 M 9234 91 M 91 M 92 M 9154
GRAIN.
Cents.
Corn, per bushelf.o.b.
No. 2 new
$1 1334
5234
No. 2 mixed_ _ _ _f.o.b. Nominal
1 11 m
f.o.b. Nominal
No. 2 white
9634
1 03 3.4 Rye, per bushel
84
• Cents.
No. 2 Western
85
$6
State and Pennsylvania
85€)90
$634 Barley-Malting
Nominal
3534
Feeding, 01.1., N. Y__
Wheat, per bushelN. Spring, No. 1
N. Spring, No. 2
Red winter, No.2
Hard winter, No. 2
Oats, per bushel, newStandards
No. 2 white
No. 3 white
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August 1 for each of the last three years has been:
Receipts et-
Flour.
Wheat.
I
Corn.
Barley.
Oats.
Rye.
bbls.1961bs. bush.60 lbs. bush. 56 lbs. bush.32 lbs. bush.481bs. bu.56 lbs.
202,800 2,833,500 2,049,200
109,893
Chicago __-499,500
36,000
50,065
Milwaukee__
111,870
377,420
271,574
22,440
239,080
331,823
3,100
Duluth
44,73018,887
4.950
1,921,140
367,790
380,220
Minneapolis_
46,320
446,540
43,000
169,300
40,500
Toledo
60,490
162,469
4,000
35,376
Detroit
12,341
994
69,321
Cleveland
51,960
55,100
377,300
633,325
434,640
97,804
7.700
St. Louis....
16,000
419,304
47,588
Peoria
116,200
68,400
14.300
618.000
590,400
Kansas City.
117,300
Totalwk.'11
Same wk.'10
Same wk.'09
270,740
427,864
284,401
3,694,764
4,607,823
2,435,224
5,667,559
6,333,625
2,394,749
3,515,857 1,356,274
4,030,116 2,192,108
1,956,705 1,053,384
126,760
139,687
89.846
Since Aug. 1
1910-11... 9,054,667 156,706,811 1 111,250,454 118,946,867 46,493,853 3,703,698
1909-10... 12,095,635 179,477,408 95,277,806 20,518,620 51,023,854 4,748,523
lonsa_no
II AR7aAnlAAAAnO9A, 7R R79 5294 inn 9(111 AR1 A7 een A77 A RAA A92
Total receipts of flour and grain at the seaboard ports for
the week ended Feb. 4 1911 follow:
Flour,
bbls.
Receipts at172.919
New York
36,573
Boston
Portland, Me
48,677
Philadelphia
Baltimore
40,200
4,370
Richmond
New Orleans *._
25,421
Newport News....
3,168
Norfolk
Galveston
Mobile
3,999
6,234
Montreal
St. John
47,000
Wheat,
bush,
116,400
61,180
40,000
25,461
25.437
55,754
3,000
28,854
335,000
Corn,
bush,
475,875
381,782
66,000
796,976
643,837
59,468
610,000
145,714
48,705
45,000
4,699
19,190
Oats,
bush,
550,525
67,293
Barley.
bush.
98,504
4,318
110,757
74,875
107,558
84,000
1,198
1,000
47,085
Rye.
bush.
1,150
980
12,630
4.573
8.703
691,086 3,297,246 1,043,093 116,650
Total week 1911_ 388,561
Since Jan. 1 191L..1,765.485, 3,918,929 15,740,011 5,454,764 587,246 80,647
17,771
714,576 30,425
945,905
Week 1910
402,050 2,503,453
Since Jan. 1 1910....1.799.054 7,493,644 6,968,384 3,583,558 312,394 121,128
* Receipts do not include grain passing through New Orleans for foreign ports on
through bills of lading.
The exports from the several seaboard ports for the week
ending Feb. 4 1911 are shown in the annexed statement:
Wheat,
bush,
Exports from163,151
New York
40,000
Portland, Me,
38,031
Boston
24,000
Philadelphia
Baltimore
New Orleans ____
Newport News_
Galveston
Mobile
St. John, N. B__ 335.000
Norfolk
Corn,
bush.
646,952
66,000
402,857
585,000
845,343
650,000
145.714
Flour,
bbls.
53,919
6,878
19,000
16.821
23,814
3,168
13,000
4,699 3,999
47.000
48,705
Oats,
bush,
706
Rye, Barley,
bush.
bush.
Peas;
bush.
1,876
180
1,500
1,000
Indian corn futures here in New York have been dull and
featureless. • At the West the market has declined, despite
1.876
Total week___ 600,182 3,395,270 187,599
3,386
very bullish crop accounts from Argentina, small exports Week 1910
3,743 26,954
36,154 __
2,412,075 1.431,924 206,305
from that country and a good foreign demand at times for
and since
The destination of these exports for the week
our own corn. Depressing factors have been good weather, July 1 1910 is as below:
increased offerings from the country, reports that farm supFlour
Wheta----Since
Since
Since
plies are heavy, owing partly to diminished requirements
July 1
Week
Week
July 1
Week
for feeding due to the open winter, selling by cash interests Exports for week and Feb. 4. July 1 Feb. 4.
1910.
1910.
1910. ,Feb. 4.
bush.
and liquidation. To-day prices declined on weakness in
bush,
bbls.
bush.
bush.
bbls.
Since July 1 to-1,404,064 9,663,925
wheat, a drop in some Western cash markets, bear hammering United Kingdom... 86,135 2,636,041 453,031 20,985.402 1,801,728 10,560,404
18,451 1,174,330 145,151 12,869,553
Continent
and liquidation.
215,200 154,000 1,794,529
2,000
Sou. & Cent. Amer_ 13,347 640,845
34,576 899.971
4.333
38.554 801,941
West Indies
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK. Brit. Nor. Am.Cola..
13,574
65,757
100
Sat. Mon. Tues. Wed. Thurs. Frt.
912
23,045
7,000
31,012 134,286
Other Countries
53
Cask corn
5334 5234 5234 5254 5234
58 M 5834 5734 5634 57
May delivery in elevator
Total
187,599 5,453,200 600,182 33,881,488 3,395,270 22,955,448
5634
Total 1909-10
206,305 6,463,269 2,412,075 61,919,590 1,431,924 16,078,953
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
The world's shipments of wheat and corn for the week
49 M 49 M 49 M 4834 ending Feb. 4 1911 and since July 1 1910 and 1909 are
May delivery in elevator
50
50
July delivery in elevator
51
51
50 M 5034 5034 49 M
shown in the following:
September delivery in elevator..
5134 5134 51 M 51 X 51
5034
Oats for future delivery in the Western market have declined with wheat and corn. Stocks in the interior are heavy
and the country has been more disposed to sell of late, even
at reduced quotations. Elevator interests have sold rather
freely at times, there has been liquidation by tired holders,
and support has been lacking. Moreover cash prices at
various points have declined. To-day prices weakened
on selling by the country and by cash houses and long liquidation.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat. Mon. Tues. Wed. Thurs. Fri.
37
37
37
3534 3534 36
3734 3734 3734 36
36
3634
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
33
32 34 3234 32
32 34 31 34
May delivery in elevator
July delivery in elevator
3134
3274 32 M 32 M 31 % 32
3234 $234 32
September delivery in elevator
31 M 32 X 31 M
Standards
No. I white
The following are closing quotations:
Winter, low grades.. _ _ _$2 75
Winter patents
4 80
Winter straights
4 30
Winter clears
3 85
5 25
Spring patents
4 80
Spring straights
4 25
Spring clears
FLOUR
$3 50 Kansas straights, sack.$4 50 ® $4 75
5 00 Kansas clears, sacks__ 4 00® 4 40
4 50 City patents
5 80
6 60
400 Rye flour
4 O0t 4 40
5 45 Graham flour
3 90@ 4 00
5 10 Corn meal, kiln dried
2 65
440
Corn.
Wheat.
Exports.
1909-10.
1910-11.
Week
Feb. 4.
Since
July 1.
Since
July 1.
1910-11.
Week
Feb. 4.
Since
July 1.
1909-10.
Since
July 1.
Bushels.
Bushels. Bushels.
Bushels. Bushels. Bushels.
North Amer. 2,192,000 76,323,000 99,170,000 2,600,000 20,985,000 16,400,000
2,456,000 145,032,000 139,760,000 408,000 8,188,000 11,431.000
Russia
712,000 69,416,000 14,064,000 204,000 53,462,000 14,921,000
Danube
Argentina... 2,008,000 33,072,000 19,104,000 102,000 54,692,000 59,062.000
Australia..... 2,376,000 25,640,000 14,572,000
776.000 29,694,000
India
0th. countrs 180,000 5,884.000 )31,704,000
Total ____ 10700000 385,061,000 318,374,000 3,314,000 137,327.000 101,814,000
The quantity of wheat and corn afloat for Europe on dates
mentioned was as follows:
Wheat.
United
Kingdom. Continent.
Corn.
Total.
Bushels. Bushels. Bushels.
Feb. 4 1911._ 16,464,000 21,496,000 37,960,000
Jan. 28 1911._ 14,976,000 21,304,000 36,280,000
Feb. 5 1910.... 24,800,000 8,160,000 32,960,000
Feb. 6 1909.... .760,000 15,040,000 38,800,000
Feb. 8 1908.. 0,800,000 13,440,000 44,240,000
United
Kingdom. Continent.
Total.
Bushels. Bushels. Bushels.
4,573,000 9,954,000 14,527,000
5,228,000 10,455,000 15,683,000
4.080,000 4,845,000 8,925,000
3,315,000 2,040,000 5,355,000
3,920,000 2,840,000 6.760,000
404
Lxxxxii.
THE CHRONICLE
1911 AND 1910,
18.686.095
The visible supply of grain, comprising the stocks in
The value of these New York exports since Jan. 1 has been
granary at principal points of accumulation at lake and $2,250,647 in 1911, against $1,165,212 in 1910.
seaboard ports Feb. 4 1911, was as follows:
Bleached cottons were quiet during the week; although
AMERICAN GRAIN STOCKS.
prices are very low, considering cost of production, buyers
Corn,
Wheat,
Oats,
Rye,
Barley, show no inclination
to operate except to meet urgent needs.
bush.
bush.
bush.
bush.
bush.
2,152,000
931,000
1,401,000
New York
16,000
27,000 Gray goods, brown drills and sheetings, and coarse cottons
24,000
afloat
'
generally, were also quiet, and some low bids were declined.
417,000
532,000
Boston
26,000
Asin the preceding week, moderate trading in various lines in
381,000
Philadelphia
765,000
67,000
431,000
1,606,000
Baltimore
291,000
98,000
5,000 second hands was noted. Business in wash fabrics showed
' 3,000
895,000
New Orleans
135,000
further expansion. Ginghams continued active; staple
211,000
Galveston
41,000
1,691,000
Buffalo
13,000
633,000
80,000
30,000 ginghams, especially popular-priced lines for fall, were taken
"
afloat
4,242,000
311,000
400,000
in substantial quantities by retailers; not a few jobbers are
1.367,000
Toledo
318,000
151,000
2,000
Detroit
392,000
298,000
137,000
32,000
3,000 said to be behind on deliveries, while some producers are
afloat
100,000
reported fully sold up for two or three months ahead.
5,094,000
1,110,000
6,742,000
Chicago
2,000
•
afloat
213,000
Staple prints moved in good, steady volume; leading printers
Milwaukee
139,000
318,000
505,000
16,000
103,000
4,603,000
Duluth
257.000
956,000
8.000
424,000 have booked considerable business in the aggregate and are
Minneapolis
15,366,000
2,797,000
353,000
130,000
482,000 being pressed for prompt deliveries. Trade in fine cottons
1,712,000
344,000
St. Louis
429,000
6,000
44,000 showed no improvement,
and prices continued unsatisfac4,669,000
Kansas City
628,000
172,000
Peoria
tory to producers; curtailment of production appears to be
1,631,000
181,000
5,000
Indianapolis
252,000
443,000
57,000
increasing. Export trade generally, and particularly with
9,146,000 16,415,000
Total Feb. 4 1911-43,251,000
390,000 1,544.000 the Far East, remained dull. In the print cloth market
Total Jan. 28 1911__42,263,000
8,068,000 15,997,000
381,000 1,462.000 demand was limited and scattered, consisting chiefly of
Total Feb. 5 1910_25,525,000
9,500,000
8,710,000
779,000 2,802,000
Total Feb. 6 1909..43,312,000
6,512,000
9,997,000
815,000 3,940,000 small lots, owing to unsettled conditions in cotton; standard
gray goods, 381 -inch, are quoted at 53,4c. to 53c.
A
CANADIAN GRAIN STOCKS.
Barley,
Wheat,
Corn,
Rye,
Oats,
WOOLEN GOODS.
-In dress goods the feature was the
bush.
bush.
bush.
bush.
bush.
Montreal
280.000
82,000 opening of additional lines of fall worsteds suitable for the
952,000
10.000
Fort William
3,193,000
jobbing and cutting-up trade, and also a leading line of fancy
afloat
"
318,000
Port Arthur
coatings. Prices named on the worsted dress fabrics were
3,140,000
Other Canadian
3,174,000
generally the same as last season's, a noteworthy exception
Total Feb. 4 1911_10,105,000
10,000
82,000 being certain Panamas and serges which were reduced.
952,000
Total Jan. 28 1911..10.596,000
974,000
6,000
82,000 Owing to the different styles and qualities of coatings offered,
Total Feb. 5 1910_11,690,000
28,000
321,000
53,000
Total Feb. 6 1909_ 6,075,000
27,000
200,000
82,000 a comparison of prices with last year's is difficult. ConsidSUMMARY
erable business on the new lines has already been placed.
Wheat,
Corn,
Oats,
Rarley, For spring several lines of woolen dress goods have been sold
Rye,
bush.
bush.
bush.
bush.
bush.
American
43,251,000
9,146,000 16,415,000
390,000 1,544,000 up and withdrawn. In the men's wear division, while
Canadian
10,105,000
10,000
952,000
82,000 demand for overcoatings, wool suitings and staple worsteds
Total Feb. 4 1911_ _53,356,000
9,156,000 17,367,000
390,000 1,626,000 continued of good proportions, increased interest was shown
Total Jan. 28 1011.52,859,000
8,074,000 16,971,000
381,000 1,644,000 by buyers in fancy worsted suitings for fall, several leading
Total Feb. 6 1910..37,215,000
9,528,000
9,031,000
779.000 2,855,000
9,7 11 000
,
Total Jan. 29 1910_39,000.000
9,081,000
785,000 2,653,000 lines of which have been opened. Demand for the latter
broadened materially, the smaller producers getting a larger
THE DRY uki 'us TRADE.
share of this business than was the case in overceoatings and
staple worsteds in which the bulk of the orders was secured
New York, Friday Night, Feb. 10 1911.
This week's decline in the staple served to make buyers by the largest'corporations. The settlement of the Chicago
operatives' strike in favor of the wholesale clothiers is exof cotton goods more conservative in operating for future
needs, with the result that trading, especially in the primary pected to stimulate demand for heavy-weight lines.
market, for forward delivery was less active. Although the
FOREIGN DRY GOODS.
-Imported woolens and worrecession in raw material will probably have to be more pro- steds met a fair demand; competition with domestic lines,
nounced than that yet witnessed in order to have any ma- previously noted, continued in evidence. Linens were
terial effect upon prices of goods, the easier tendency has strong and in good request for both spring and fall shipcaused many buyers to hold off in anticipation of more favor- ment. The burlap market ruled steady during the early
able terms later on. The fact that in some quarters small Part of the week, but later became strong, owing to firmness
spot lots of various cotton goods are being pressed for sale in Calcutta and a more or less sold-out condition locally;
has led to more or less irregularity, and has also given some lightweights are quoted at 3.85c. and 10 -ounce at 4.90c.
merchants the impression that they can obtain supplies
whenever wanted and at prices in their favor. Needless to Importations and Warehouse Withdrawals of Dry Goods.
say, this view is not shared by sellers, who point to the limMO
.0.300 0
oo co
mm
CONO.h VM
PS
ited stocks in first hands; the continued restriction of output
00
00
.
2
and the fact that prices of goods are much below parity with
PSPS 4
vs.mwN 00
PS
IN.MMNO
"u PSPSPSPSO
cotton even at its present level. Reports from mill centres,
Ct
NO MinV "."
.
OM 00
.mom. PS
OM
.
both North and South, show increasing curtailment through
individual rather than concerted action, and agents gener.vmot ON N
ef
,
CO PIN •di
0Nooum
.m v2
VS VS PS PS FaNnom
ally are very firm on contracts. Little interest was shown
0
mq Mt
molmoco.
r4 .5
1 )12
in print cloth yarn fabrics, buyers being disposed to await
N v2 r,
PS
tZ..4co
44.c .
,co
eu PS '0' PS;
op
.m
cmt. CD
more settled conditions in the cotton market. Jobbers
enjoyed a fairly active week, owing to the presence of many
2 0.400 NO 00
owww* 40
vcovwm PS
.0.00 Om
.0 CO
• cop.Noloo PS
retailers in search of spring goods and also staple domestics
PSF- PS
P1 CA co co
,01
g mr.ptc
for prompt and near-by deliveries to replenish depleted
win0moo.
0.
.
740,d, V. PS N
nt.cocom 0,1
on PS
stocks. Confirmations of orders for February shipment QC. oo op in co op PS
ON
wco
B
PS
PS
.
PS
were numerous and many requests were again received to ZWin
...C2 .
1
forward goods on order as soon as possible, indicating steady
AD in io AD AD 00 00 m NN0000 00 VS
Al 0 CA 00 0 El
0
0
PS
-400000
CO
hON00
PS."
consumption. Jobbers themselves have already covered a alig°4a c'c'Snq'
6
'
z at 4v.mv 4 0 VOID410.1 ." co 0 CAONMO. S' PS
F-: aim;
VS.?
good portion of their spring requirements and are con- .4
N
servative in making additional purchases, while raw material m
..... co 0 ON W. PS PS
m,'l
co ,.. m Tr 0
shows an easing tendency. Cotton yarns weakened some- W
VS 00
,
r... oo
AD
PS,
w.
what and remained rather quiet. In silks, some mills report W 7.'4 m.c4mm
co
4.oncjoo PSO
-40
m i00000
hin..400 mv
a heavy volume of business, but others complain of dulness
PS 0 wwPSPSPS on
p4Vv.. PS
and find it difficult to compete with low prices named by g
PSPS
4n
some of the leading interests; demand continues to run
...3
0
CD el PS
vvv.0 OM
OM oo
largely to foulards and satins. In men's wear, more inter- g t ti AD . t. PS cc c4.00r- 00
. -,
t
MO
.h.vv.
0
N
ON PS
c10
.-10 %).
est was shown in fancy worsted suitings for fall; the market ftoO ct7cOr: PS
.F.
4
..r.nm
0:74 PS
. .PS
generally was more active, and small mills producing popular- Z Cn a,
NM
PSPS co
"
priced fabrics of good quality secured a larger portion of the 0
cp 00 el V 0
g .1“10,0 MO
.0
business than heretofore. Dress goods were only moder- r.
.
• 0 Co CD ,M PS
oNvoqw
WM co
C " 11.
NO
:g0 .
..
00
.
ately active, demand for forward delivery being restricted ac 0. .
v oto 40 ood
,c; PS
in
.cocoo. mo
in a measure by uncertainty regarding styles.
EV:..
2g.cr422 PS El .m
au,
DOMESTIC COTTON GOODS.
-The exports of cotton
PS
Cu
goods from this port for the week ending Feb. 4 were 7,062 () t .
PS
eo..oloN
11 c.; 2 g 2:4 2
packages, valued at $465,161,. their destination being to the g tt rc. Z cl .o..1 m PS
m
vO Csimu,
.
2, .m o .4
points specified in the table below:
0 . 4
0
V%
New York to Feb. 4.
Creat Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
Total
1911
---1910--Since
Since
Week. Jan. 1.
Week. Jan. 1.
19
8
76
184
92
86
14
31
___
4,603
35
7796
450
iai
1,082
4,260
2,708
409
14
581
34
527
4,053
2,928
1,048
171
31
144
11
2,167
387
6,558
1,623
33,0
7
5.7.
354
4,748
768
4,026
7,062
27,910
1,501
15,796
V
fi
g
- 8 r..bo'l
Total marketed
Tr 1.4
16.051.726
16,964,038
A
THE CHRONICLE
FEB. 11 1911.)
STMT. MO
CITY DI:PATITMTIVT,
MUNICIPAL BOND SALES IN JANUARY.
Our records show that the total of municipal bonds disposed of in January was $79,829,948, which is the largest
monthly output ever reported. The next highest totals
were $69,093,390 in March of last year, $62,124,450 in June
1909 and $60,914,174 in February 1908. In all of these
cases the exceptional aggregate was the result of very large
public sales by the City of New York. In the month just
past $60,000,000 43(% stock was sold on a basis of about
4% stock was
4.207%; in March last year $50,000,000 41
disposed of on a basis of 4.155%; in June 1909 $38,000,000
4% stock and $2,000,000 4% assessment bonds on a basis
of 3.96%@3.98%, and in February 1908 $47,000,000 432%
stock and $3,000,000 432% assessment bonds on a basis
of 4.295%@4.388%.
In addition to the $79,829,948 long-term bonds put out
last month, $27,498,060 temporary loans were negotiated.
There were also sold by places in the Dominion of Canada
debentures aggregating $840,375. In the following we
furnish a comparison of all the various forms of obligations
put out in January of the last five years.
1911.
1910.
1909.
1908.
1907.
Permanent loans (U. S.) 79,829,948 16,319,478 29,318,403 10,942,968 10,160,146
Temporary loans (U.S.) 27,498,060 15,453,687 32,204,946 26,228,500 22,179,500
840,375 21,940,149 34,104,536 1,169,700
604,125
Canadian loans (perm't)
Total
108,168,383 53,713,314 95,627,885 38,341,168 32,943,771
The larger and more important sales included in our January list of permanent issues in the United States, in addition
to the $60,000,000 New York City 43s mentioned above,
are as follows: State of Massachusetts, $2,241,000 334s; State
of Maryland, $550,000 4s and $100,000 33's; State of Rhode
Island, $500,000 4s; City of Portland, Ore., $1,000,000 4s;
Wise County, Va., $700,000 5s; Seattle, Wash., $1,967,000
434s and 5s; Mississippi Levee Dist., Miss., $500,000 434s;
Chicago, Ill., $375,000 4s; Lee County, Va., $364,000 5s;
Los Angeles, Cal., $476,000 4s, and New Bedford, Mass.,
$329,000 4s.
The number of municipalities emitting bonds and the
number of separate issues made during January 1911 were
249 and 371 respectively. This contrasts with 295 and 457
for December 1910 and with 240 and 336 for January 1910.
For comparative purposes we add the following table,
showing the aggregates for January for a series of years.
1911
1910
1909
1908
1907
1906
1905
879,829,948
16,319,478
29,318,403
10,942,968
10,160,146
8,307,582
8,436,253
1904
1903
1902
1901
1900
1899
1898
$23,843,801
15,941,796
10,915,845
9,240,864
20,374,320
6,075,957
8,147,893
1897
1896
1895
1894
1893
1892
$10,405,776
6,507,721
10,332,101
7,072,267
5,438,577
6,352,000
Owing to the crowded condition of our columns, we are
obliged to omit this week the customary table showing the
month's bond sales in detail. It will be given later.
News Items.
Alton-Upper Alton, Ill.—Election on Annexation.—Papers
state that at the election in April a vote will be taken in both
of these places on the question of annexation. Upper Alton
is said to have a population of over 3,000 and the union with
Alton would make a city of about 21,000.
Appleton, Outagamie County, Wis.—Commission Form of
Government Adopted.—An election held Feb. 7 is reported to
have resulted in a majority of 200 votes in favor of establishing the commission form of government. This city is the
second in the State, it is said, to adopt the system.
Arizona.—Constitution for New State Adopted.—Returns
at hand are said to indicate the adoption at the election on
Feb. 9 of the proposed Constitution for the new State of
Arizona.
Atlantic City, N. J.—Litigation Ended.—The City Comptroller, A. M. Heston, in reply to our inquiry, advises us that
the suit to prevent the issuance of $242,000 park bonds has
been abandoned, for the reason that the Court refused to
issue a writ of certiorari on similar grounds of objection raised
against an issue of water bonds, namely the fact that City
Council did not make an appropriation covering the first
interest period on the said bonds. No suit has been brought
in the matter of drainage bonds for similar reasons. See
V. 92, p. 68.
Benbow City—East Wood River, Ill.—Annexation Defeated.—The question of annexation of these villages carried
on Jan. 28 in East Wood River, it is stated, but was defeated
by the voters in Benbow City.
Dallas County (P. 0. Dallas), Tex.—Attorney-General Declines to Approve Bridge Bonds.—The Attorney-General's
Department has rendered an opinion holding that the county
405
has not authority to issue road and bridge bonds without
first submitting the proposition to the qualified property
tax-paying voters. The Commissioners' Court had voted
bonds for the repair of certain bridges in the county.
Denver-Greeley Valley Irrigation District, Adams and
Weld Counties, Colo.—Bond Coupons Not Paid.—We learn
that the interest due Dec. 1 1910 on the $2,000,000 6%
bonds of this district was not paid, no funds for that purpose
having been deposited with the Continental & Commercial
Trust & Savings Bank, the Chicago paying agent for the
County Treasurer.
It is understood that this district is dependent upon the
Denver Reservoir Irrigation Co. for its water supply, and
by reason of the failure of the latter company to complete
its irrigation works,the district was unable to obtain sufficient water during the last season to irrigate the lands,and
consequently no water tax was paid by the owners of the
lands. Because of such failure to pay taxes there were no
funds in the hands of the County Treasurer to meet the
interest due on the bonds.
Ellensburg, Kittitas County, Wash.—Water Company
Offers to Sell Plant to City.—According to Seattle papers,the
Ellensburg Water Supply Co. has offered to sell its plant to
the city for $150,000.
Faribault, Rice County, Minn —Commission. Plan of
Government Adopted.—A new charter providing for the commission form of government was adopted, it is stated, at
an election held Feb. 7.
Galesburg, Knox County, Ill.—Commission Form of
Government Defeated.—The election held Feb. 7(V.92, p.334)
resulted, according to local newspapers, in 586 votes 'for'
to 2,193 "against" the adoption of the commission form of
government.
Greensboro, Guilford County, No. Caro.—Commission
Form of Government Adopted.—A proposition to adopt the
commission form of government is said to have carried by
a vote of 693 to 353 at an election held Feb. 7.
Helena, Phillips County, Ark.—Purchase of Water-Works
Proposed.—Representatives of the city and the Helena
Water Co. recently agreed, it is stated, upon a plan for the
purchase of the water plant by the city. S. S. Faulkner is
the appraiser appointed to represent the city, while S. J.
Rosemond, a civil engineer from Fort Smith, will represent
the company. The third appraiser was to have been chosen
at a meeting held Wednesday last (Feb. 8).
According to the Memphis "Appeal" of Feb. 5, the city
has until Aug.5 to close the deal for the purchase of the plant.
Judge R. M. Foster of St. Louis, principal owner of the
water-works, is said to have announced that he is ready to
sell the plant as soon as the price is agreed upon.
Iowa.—House Ratifies Income Tax Amendment.—On Feb.1
the Lower House of the Legislature adopted a joint resolution
ratifying the proposed Sixteenth Amendment to the Constitution of the United States, providing for the Income Tax.
Knoxville, Knox County, Ill.—Commission Form of Government Election.—This city at the general election in April
will, it is stated, vote on the question of adopting a commission form of government.
Missouri.—State Capitol Burned.—The State Capitol at
Jefferson City was entirely destroyed by fire last Sunday
night (Feb. 5). The fire was started, it is thought, by a
stroke of lightning. The Governor in a special message to
the Legislature on Feb. 6 recommends the submission to the
people of a bond issue for a new Capitol. The question of
locating the Capitol in another city has been discussed, but
the plan is not favored by the Governor.
Muskegon, Mich.—Temporary Injunction.—Reports state
that certain taxpayers have secured a temporary injunction
restraining the city from spending any money for the construction of the proposed electric-light plant, for which purpose the issuance of $75,000 bonds was authorized. See
V. 91, p. 1401.
New Jersey.—New State Comptroller.—On Feb. 7 William
I. Edwards, of Jersey City, was chosen by the Legislature to
succeed State Comptroller Henry J. West, whose term
expires Feb. 20.
Ohio.—Supreme Court to Pass on Legality of Act Fixing
Time for Holding Legislative Session.—Suit has been filed in
the State Supreme Court by Attorney-General T. S. Hogan
to test the constitutionality of the Act passed by the Legislature on April 22 1910 which provided that regular sessions
of the General Assembly shall commence in January following
the election of its members. This Act was printed in full in
V. 91, p. 894. The constitution provides that the Legislature shall meet bienr)ially in even years on the first Monday
in January. In November 1908 the voters defeated an
amendment to the constitution by which it was proposed to
change the time of holding sessions of the Legislature from
even to odd years. See V. 87, p. 1435. Owing to the
adoption of a previous amendment to the constitution which
provides that State elections shall be held in even instead of
odd years, the legislators cannot convene until the second
January after their election. The amendment defeated in
1908 was for the purpose of relieving this situation by
changing the time for convening the Legislature. Previous
to the passage of the Act of 1910 the difficulty was overcome
by convening the Legislature in extraordinary session.
Governor Harmon refused to use this method of convening
406
THE CHRONICLE
[VOL. Lxxxxii.
the present session, however, and for this reason its legality which It is estimated that they will receive if the system of drainage proposed is completed, before the work of construction is actually begun and
is questioned.
while it is yet within the power of the Commission to abandon the proposed
drainage or to
Oklahoma.
-Decision by State Supreme Court in Oklahoma system ofthe assessments. modify it in any respect, even after they have
collected
This,
the bill
-Press dispatches from Oklahoma City violation of the State and Federalthe complainant in amountsalleges, is a
Capital Controversy.
Constitutions, and
to confiscaproperty.
state that the State Supreme Court on Feb. 9 declared that tion of his the hearing of this cause,
Pending
the Chancellor has issued a temporary
city to be the permanent capital of Oklahoma. The Court, Injunction, or restraining order, enjoining the Tallahatchie Drainage Commission
it is said, decided that the Legislature had the power to or from from levying or collecting taxes or assessments, from issuing bonds,
incurring any further debts or obligations, or
revoke the provision of the Enabling Act which made of the funds now on hand. The injunction bond givenfrom expending any
by the complainant
Guthrie the capital until 1913. It is expected that the case is signed by a number of the largest land-owners and tax-payers of Coahoma
will be appealed to the United States Supreme Court. See County.
The tax-payers who are contesting the Drainage Act have paid their taxes
under protest, and will seek to recover the amounts paid by them by this
V. 92, p. 68.
proceeding.
Oregon.
-Vote on Income Tax Amendment.
The Chancellor's order temporarily restrains the Commission, each of the
-As stated in
Commissioners, their
the "Chronicle" of Jan. 21, page 202, both branches of the of the Commission andsuccessors in office and all of the agents and officers
their
action
Legislature have adopted a resolution ratifying the proposed by virtue of any authoritysuccessors from taking anyby the of any nature
alleged to be conferred
Tallahatchie
Income Tax Amendment to the Federal Constitution. The Drainage Act.
The final hearing will occur before ChancellorWenton at Tunica, the situs
vote in the Senate wap 25 "yeas" to 2 "nays," absent 3; and of the Commission.
in the House, 45 "yeas" to 8 "nays," absent, 6.
As stated in the "Chronicle" on Dec. 11 1909, Chancellor
Paola, Miami County, Kans.-Election on Commission Plan M. E. Denton at Marks on Dec. 4 1909 dissolved the injunc-The City Council has called an election for tion which had previously been granted to T. G. James and
of Government.
March 21, it is stated, to vote on the question of adopting the others restraining the sale by the District, of $500,000 bonds.
commission plan of government.
-Resignation ofCity Treasurer Requested.
Taunton, Mass.
Pekin, Tazewell County, Ill.-Commission Plan of Govern- It is reported that the City Council on Feb. 7 sustained the
ment Adopted.
-Dispatches state that this city on Feb. 7 action of Mayor William S. Woods, who recently requested
decided to adopt the commission form of government by a the resignation of City Treasurer Edward H. Temple, a
vote of 817 to 557.
discrepancy of about $5,500 having been discovered, it is
Pittsburgh, Pa.
-Expert's Report on Proposed Municipal alleged, in the books of the latter's department. Feb. 14
Railway System.
-See item under caption of "Pittsburgh has been fixed by the Council as the date for the election of a
Transportation Problem" in our "Investment News" on a new Treasurer.
preceding page.
Texas.
-People to Vote on Prohibition.
-Press dispatches
Portland, Ore.
-Broadway Bridge Bonds Validated.
-On state that on Feb. 1 the Senate passed finally the House
Jan. 17 both Houses of the Legislature passed an Act validat- joint resolution providing for the submission to the voters
ing the $2,000,000 Broadway Bridge bonds, the legality of on July 22 of a Constitutional amendment providing for
which has been attacked in the courts by Frank Kiernan, a State-wide prohibition.
Attorney-General Renders Opinion as to Power of Cities and
taxpayer, and by the Port of Portland. Of the total issue,
$250,000 was sold last August and $500,000 on Jan. 24 1911. Towns to Become Bonded for Wharves, &c.
-According to the
Dallas "News," the Attorney-General's Department on
V. 92, p. 278.
Jan. 28 furnished an opinion to Senator Collins to the effect
Port Townsend, Jefferson County, Wash.
-Litigation.
-Seattle papers state that suit was started Jan. 27 in the that cities and towns cannot issue' bonds and vote special
U. S. Circuit Court by the First National Bank of Central taxes for the construction and maintenance of wharves,
City, Colo., to restrain the City Treasurer from paying out freight terminals, tgzc., and that the Legislature cannot,
any money raised by property taxes. It is alleged in the under the Constitution, pass an Act giving such authority.
complaint that money has been transferred from an "in- The opinion is said to be based on the ground that the Condebtedness fund" created to pay off outstanding warrants stitution specifically states the things for which a city or
to other funds and that warrants held by the bank which town may issue bonds and vote a special tax, and the things
in question are not enumerated among them.
are said to be long since due have not been paid.
West Virginia.
-House Ratifies Income Tax Amendment.
St. Louis, Mo.-Vote on New City Charter.
-We are advised that the vote on the proposed new city charter which On Feb. 3 the House of Delegates adopted, by a vote of 70
was defeated on Jan. 31, as stated in V. 92, p. 334, was to 2, a resolution ratifying the proposed Income Tax Amendment to the Federal Constitution.
24,817 "for" to 65,120 "against."
Wood River-East
San Antonio, Tex.
-Commission Plan of Government Re- -The plan to annex Wood River, Ill.-Annexation Elections.
these villages will be submitted to a vote
jected.-Unofficial returns are said to indicate the defeat
on Feb. 4 of the plan to adopt the commission form of in Wood River on Feb. 23 and in East Wood River on
March 16. Should the first election result unfavorably, a
government.
vote will not be taken in East Wood River.- See item above
-Commission Form under "Benbow City-East Wood River, Ill."
Santa Cruz, Santa Cruz County, Cal.
of Government Adopted.
-A new charter providing for the
commission form of government was adopted on Jan. 31, it is
stated, by a vote of 902 to 482. The recall, initiative and
Bond Proposals and Nedotiations this week
referendum are part of the new charter, according to the
have been as follows:
newspaper accounts.
-The election held
-Mayor Gill Recalled.
Seattle, Wash.
Ada County (P. 0. Boise), Idaho.
Authorized.Feb. 7 resulted in favor of the recall of Mayor Hiram C. Gill, The Board of County Commissioners -Bonds 14 adopted aon Jan.
who was elected last March. See V. 92, p. 203. The new resolution providing for the issuance of $11,000 5% coupon
Mayor is George W. Dilling, Public Welfare League candi- refunding bonds.
date. To-day's election was the first test, it is said, of
Denominations: ten bonds of $100 each and ten of $1,000 each. Date
women's suffrage in Washington, and of the 71,000 votes Jan. 1 1911. Interest semi-annually at the banking house of E. H. Rollins
& Sons in New York City. Maturity $1,100 yearly on Jan.1 from 1921 to
registered, 22,000 were those of women.
1930 inclusive. • • • •
•
Tallahatchie Drainage District, Miss.
-Litigation.
-"The
Ada, Pontotoc County, Okla.
-The $100,000
-Bond Sale.
Commercial Appeal" of Memphis, Tenn., in its issue of water-works-extension bonds recently voted (V. 91, p. 1788)
Jan. 28 prints the following concerning a suit brought to have been sold at 94.
dissolve the Tallahatchie Drainage Dthtrict:
Akron, Summit County, Ohio.
-Bond Offering.-Proposals
Acting for himself and at the instance of a number of tax-payers owning
land in the Tallahatchie Drainage District, Bennet Sanford, of Coahoma will be received until 7:30 D. m. Feb. 27 by W. A. Durand,
County, has, through 0. G. Johnston, of Friar Point, his attorney, filed a Secretary of the Board of Trustees of the Sinking Fund, for
bill before the Chancery Court of Tunica County, the object of which is to
secure the dissolution of the Tallahatchie Drainage Commission and to the following 43/2% bonds:
prevent the levying and collection of any further taxes or the sale of any
bonds by the said Commission. Mr. Johnston appeared before Chancellor
Denton here and secured a temporary order on the bill.
The bill alleges that Bennet Sanford owns land in Coahoma County,
which can in no wise be benefited directly or indirectly by any work which
can be done by the Tallahatchie Drainage Commission, and that, notwithstanding this, he is forced to pay a drainage tax, and any bonds which may
be issued will become a lien upon his property. He asserts that numerous
ether land-owners are in this same attitude.
The Tallahatchie Drainage District was created by the Legislature
1908, and embraces the counties of Tunica, Quitman and Coahoma, andin
a
part of the counties of Tallahatchie, Panola, Tate and De Soto, and the
system of drainage proposed by the Commission is one of the most gigantic
ever undertaken without State or Federal aid, and will involve the expenditure of more than $5,000,000, which money will have to be raised by
assessments against the property in the District. '
f...• In the bill just filed the constitutionality of the Act creating the District
is attacked. It is alleged:
-That the Act creating the District was not passed by the LegislaFirst.
ture in compliance with Sections 87, 88, 89 and 90 of the Constitution of
the State of Mississippi.
-That the Act is a local or special Act, which confers upon the
Second.
Commission the right to alter public roads, change the course of natural
waterways and exercise the right of eminent domain, which rights, the bill
alleges, cannot be conferred by a local or private Act.
Third.
-It is insisted that the scheme of taxation violates the Fifth and
Fourteenth Amendments to the Constitution of the United States of
America, and violates various sections of the State Constitution, It being
alleged that the method of levying the taxes or assessments is a taking of
private property without compensation, and is a taking of private property
without due process of law.
The Act creating the Drainage Commission authorizes It to levy and
sollect taxes or assessments from the land-owners, based upon benefits
$2,200 Glenwood Ave.sewer-extension bonds. Denominations $1,000 and
$200. Date Oct. 1 1910. Maturity Oct. 1 1914.
5,800 Baohtel Ave. paving bonds. Denomination $580. Date Nov. 1
1909. Maturity $1,160 yearly on Nov. 1 from 1911 to 1915 inclusive.
3,600 Monroe St. sewer bonds. Denomination $600. Date Nov. 1 1909.
Maturity $1,200 yearly on Nov. 1 from 1911 to 1913 inclusive.
5,700 Akron public
-improvement bonds. Denominations $1,000 and
$700. Date Nov. 1 1910. Maturity Nov. 1 1914.
7,500 Bishop St. storm-sewer bonds. Denominations $1,000 and $500,
Date Nov. 1 1910. Maturity $4,000 Nov. 1 1914 and $3,500
Nov. 1 1915.
4,000 011 St. main sewer bonds. Denomination $1,000. Date Dec. 1
1910. Maturity Dec. 1 1915.
15,570 Akron public-Improvement bonds. Denomination $1,000 and
$570. Date Dee. 1 1910. Maturity $5,000 on Dec. 1 in 1915 and
1916 and $5,570 Dec. 1 1917.
14,000 Akron viaduct bridge bonds. Denomination $1,000. Date Dec. 1
1910. Maturity $7,000 on Dec. 1 in each of the years 1915 and 1916.
25,000 Glendale Ave. main sewer bonds. Denomination $1,000. Date
Dec. 1 1910. Maturity $8,000 on Dec. 1 in 1915 and 1916 and
$9,000 Deo. 1 1917.
17,800 Edgewood Ave. paving bonds. Denominations $1,000 and $800.
Date Jan. 1 1911. Maturity on Jan. 1 as follows: $3,000 in 1912
and 1913, $3,800 in 1914 and $4,000 in 1915 and 1916.
Interest semi-annually in New York. Certified cheek on a bank in Ohio
for 5% of bonds bid for, payable to the Trustees of the Sinking Fund, is
required. Bids must be made on blank forms furnished by the Board.
Each issue of bonds to be bid on separately. Purchaser to pay accrued
interest and must be prepared to take bonds within 10 days after award.
Official notice states that a full transcript of these bonds (subject to the
approval of a firm of reputable bond attorneys) will be furnished purchaser.
These are not new securities, but bonds held by the Sinking
Fund as an investment.
FEB. 11. 1911.
THE CHRONICLE
Albany County (P. 0. Albany), N. Y.
-The
-Bond Sale.
$105,000 4% registered refunding bonds offered on Feb. 6
(V. 92, p. 334), were disposed of at par and accrued interest
as follows: $55,000 to the Albany Savings Bank, $20,000 to
the Albany County Savings Bank, $15,000 to the Albany
Exchange Savings Bank, $10,000 to the Mechanics' & Farmers' Savings Bank and $5,000 to the Home Savings Bank,
all of Albany. Maturity $15,000 yearly on Feb. 15 from
1912 to 1915 inclusive and from 1917 to 1919 inclusive.
Alexandria School District No. 2 (P. 0. Alexandria),
Douglas County, Minn.
-Bonds Authorized.-Application
will be made to the State of Minnesota for a loan of $30,000,
to be used for building purposes. See V. 92, p. 273.
-Bond Sale.
-On
Algonac, Saint Clair County, Mich.
Feb. 6 the $10,000 refunding water-works and $10,000
refunding electric-light bonds described in V. 92, p. 132,
were awarded to E. B. Cadwell & Co. of Detroit at 100.56
and accrued interest for 43is. The following bids were
received:
407
to dispatches, with the First National Bank of Boston at
3.75% discount.
Battle Creek, Madison County, Neb.-Bond Offering.
Proposals will be received until 12 m. Feb. 25 by C. T. Richardson, Village Clerk, for the $10,000 534% coupon waterworks bonds voted on Jan. 15: See V. 92, p. 203.
Denomination $500. Date March 1 1911. Interest semi-annually at
the fiscal agency of Nebraska in New York City. Maturity March 1 1931,
subject to call after March 1 1916. Certified check for 5% of bonds bid
for, payable to the Village Treasurer, is required. Total debt, this issue.
Assessed valuation for 1910. $111,519. Actual value(estimated). $557.595.
Official advertisement states there is no litigation pending affecting these
bonds.
Beatrice, Gage County, Neb.-Bond Sale.
-The State of
Nebraska has been awarded at par for 4s the $70,000 5-20year (optional) water-works bonds offered as 5s on July 16
1910 and described in V. 91, p. 166.
Bell County Common School District No. 42, Tex.
-Bonds
Awarded in Part.
-We learn that $500 more of the $4,000
5% 5-40-year (optional) bonds mentioned in V. 91, p. 1788,
have been awarded to the Bell County Permanent School
Bids for 4'4s,
H. T. Holtz & Co., Chicago_ 320,021 Fund. This leaves a balance of $2,000 unsold. DenominaE. B. Cadwell & Co., Det _320,112 Woodin,McNear&Moore,Chic 20,010 tion $500. Date Aug. 10 1910.
Interest annually in April.
H. W. Nobles & Co., Detroit 20,020
Bids for 4 4s.
Harris Trust & Say. Bk.,Chic 20.000 Cutter, May & Co., Chicago.. 20,000
Bell County Common School District No. 45, Tex.
-Bonds
Bids for 4;is.
Bids for 5s.
-The $2,400 5% 5-20-year
W.H. Nobles & Co., Detroit_ 20,680 Farson, Son & Co., Chicago.. 21,212 Withdrawn from the Market.
Parson, Son & Co., Chicago_ 20.515 S. A. Kean & Co., Chicago_ 21,204 (optional) bonds registered by the State Comptroller on
W. E. Moss & Co., Detroit__ 20,414 Thos. J. Bolger & Co., Chi21,120 Dec. 3 1910 (V. 91, p. 1659) have been withdrawn from the
E. H. Rollins & Sons, Chic__ 20,370
cago (no check)
Coffin & Crawford, Chicago_ 20,300 C.H.Coffin,Chic.(no check). _ 20,551 market. We are advised that, as the district could not dis20,532
Spitzer & Rorick. Tol. (withJohn Nuveen & Co., Chicago_
out option)
20,227 Otis & Hough, Cleveland__ 20,201 pose of the bonds at the time when the money was needed,
McCoy & Co., Chicago
20,203 Robt.A.Kean,Chle ($500com) 20,200 the Commissioners' Court was requested to cancel them, and
Hanchett Bond Co., Chicago_ 20,037 A. B. Leach & Co., Chicago_ 20,000 this request was complied with.
Maturity of water bonds is $1,000 every even year on July 1 from 1926
to 1944 inclusive, and of the light bonds $1,000 every odd year on July 1
Birds Drainage District, Lawrence and Crawford Counties,
rom 1927 to 1945 inclusive, both issues being subject to call after July 1
Ill.-Bonds Offered by Bankers.
-The Hanchett Bond Co.,
1926.
Alpena School District (P. 0. Alpena), Alpena County, Inc., of Chicago, is offering to investors $30,000 6% bonds.
Denomination $500. Date Feb. 1
Interest annually
-Bonds Defeated.-Papers state a proposition pro- Treasury. Maturity $6,000 yearly on1911. 1 from 1913 to 1917 at the State
Mich.
July
inclusive.
viding for the issuance of $30,000 school-building bonds
Boone, Boone County, Iowa.
-Bond Sale.-Geo. M.
was defeated at a recent election.
Bechtel & Co. of Davenport was awarded on Feb. 1 for
Anaheim, Orange County, Cal.
-Bonds Voted.
-According $150,365 (100.243) and accrued interest the $150,000 432%
to reports, an election held Jan. 30 resulted in favor of 20-year water-works-construction bonds. This is on a basis
propositions to issue the following bonds:
of about 4.4765%. Other bids received were as follows:
$8.500 electric-light bonds. Vote 303 "for" to 68 "against."
90.000 sewor bonds. Vote 353 "for" to 24 "against."
Ann Arbor, Washtenaw County, Mich.
-No Bond Election
-The proposed election to vote on the question of
at Present.
issuing hospital bonds has been called off for the present, we
are advised, as the result of a ruling by the State Supreme
Court.
Antwerp School District (P. 0. Antwerp), Paulding
County, Ohio.
-Bonds Voted.
-An election held Jan. 31
resulted in favor of a proposition to issue $24,000 schoolbuilding bonds. The vote was 168 "for" to 36 "against."
We are advised that these bonds will be offered about March.
Aransas Pass Independent School District, Texas.
Bonds Registered.
-The State Comptroller on Jan. 27 registered $20,000 5% 40-year bonds.
Asheville, Buncombe County, No. Caro.
-Bond Election
Proposed.
-The Corporation Counsel has been requested to
draft a bill to be presented to the Legislature asking authority
to vote on the question of issuing $50,000 school-improvement bonds.
Attleboro, Bristol County, Mass.
-Bond Sale.
-Dispatches state that $50,000 sewer and $20,000 water 4%
bonds, dated July 1 1910 and offered on Feb. 10, were
awarded to Hayden, Stone & Co. of Boston at 104.86. The
former issue matures $5,000 in 1925, $7,000 yearly from 1926
to 1930 inclusive, $6,000 in 1931 and $4,000 in 1932, and the
latter issue matures $1,000 yearly from 1911 to 1930 inclusive.
Augusta County (P. 0. Staunton), Va.-Bonds Proposed.
-According to Richmond papers, a petition is being circulated requesting the Board of Supervisors to call an election
on the question of issuing $1,000,000 macadam-road bonds.
Aurora School District (P. 0. Aurora), St. Louis County,
Minn.
-Bond Sale.
-The State of Minnesota has purchased
at par $45,000 4% school-building bonds.
Investors' Securities Co. Des Moines
B. H. Rollins & Sons,'Ooodin. MoNear & Moore. A. B. Leach &$15"61
Co., all of Chicago
150,120
These bonds were offered without success as 4s on Jan. 18.
See V. 92, p. 273.
Calhoun County (P. 0. Anniston), Ala.
-No Action Yet
Taken.
-No action has yet been taken in the matter of calling
an election to vote on the question of issuing road bonds.
See V. 91, p. 1789.
Clay County (P. 0. Spencer), Iowa.
-Bond Offering.
A. W. Chamberlain County Auditor, will offer for sale at
15 $24,564 Drainage District No. 8 bonds
'
11 a. in. on Feb.
.
at not exceeding 6% interest.
Maturity one-seventh yearly from Nov. 1 1914 to Nov. 1 1920 inclusive.
Certified check for 5% of bonds bid for is required. Bonds are tax-exempt.
Purchaser to pay accrued interest and furnish bonds. No debt at present.
-Bond Sale.
Collinsville, Rogers County, Okla.
-On
Jan. 17 $30,000 water and $7,500 sewer 6% 25-year bonds
were awarded to R. J. Edwards of Oklahoma City at par
and accrued interest.
Denomination of water bonds $1,000; sewer bonds $500.
1910. Interest semi-annual.
Date Jan. 1
Craighead County (P. 0. Jonesboro), Ark.
-Bond Sale.
We are just advised that Clyde A. Walb was awarded at par
on Aug. 1 1910 $24,000 6% Drainage District No. 4. bonds.
Denomination $500.
Date Aug. 1 1910. Interest annually on Sept, 1.
Crystal Falls, Iron County, Mich.
-Bond Sale.
-On
Aug. 22 1910, we are just advised, $18,000 street-improvement bonds were awarded to the Iron County Na tional Bank
in Crystal Falls as 5s.
Denomination $1,000. Interest Feb. 1 and Aug. 1. Maturity on Aug. 1
as follows: $2,000 in 1913; 1920 and 1921 and $3,000 in 1914, 1915, 1918
and 1919.
Denomination $5.000. Interest Jan. and July. Maturity $5,000 yearly
from 1917 to 1925 inclusive.
Deming, Luna County, N. Mex.-Bond Sale.
-On Jan. 30
the $38,000 5% 20-30-year (optional) sewer-system-construction bonds offered on that day (V. 92, p. 274) were
awarded to McCoy & Co. of Chicago at 104.507-a bonus of
about 4.653% to the optional date and 4.718% to full
maturity. The following bids were received.
Baca County (P.0.Springfield), Colo.
-Bonds Proposed.
C. II. Davis, Chairman, writes us under date of Feb. 1 that
this county is contemplating the issuance of $29,500 4%
10-20-year (optional) refunding bonds.
McCoy e Co., Chicago_ _539,713 00 S. A. Kean & Co., Chleago.$38,988 00
New First Nat. Bk., Col__ 39,410 00 J. H.Causey & Co., Deny. 38,750 00
Coffin & Crawford, Chic__ 39,242 60 John Nuveen & Co.. Chic. 38,400 00
Co.. Chicago
Sutherlin & Co.. Kans
38,035 00
City, Mo
asUlen &
39,025 00.
Denomination $1.000. Date Feb 1 1911. Interest semi-annual.
The bonds will be issued on Jan. 1 1912 and will be in denominations of
$500 each. Interest semi-annual. Bonded debt, at present, $29,500,
which will be refunded by this new proposed issue.
-AdDonnelly, Stevens County Minn -Bond Offering.
ditional details are at hand relative to the offering on Feb. 15
-Bond Offering.
-Proposals of the $4,200 water-works funding bonds mentioned in V. 92,
Bandon, Coos County, Ore.
will be received until 6 p. in. Feb. 15 by Emil B. Kausrud, p. 205. Proposals for these bonds will be received until
7 p. in. on that day by C. R. Sather, Village Recorder.
City Recorder, for $60,000 6% gold coupon bonds.
Denominations from $50 to $500. Date April 1 1911. Interest June 1
and Dec. 1 at Kountze Bros. In New York. Maturity April 1 1926. Certified check for 5% of bonds is required.
Authority, vote of 28 to 8 at election held Jan. 19. Denomination $600.
Interest (not to exceed 6%) annually on July 1. Maturity $600 yearly
on July 1 from 1911 to 1917 inclusive. Certified check for 5% of bid, payable to J E. Peterson, Village Treasurer, is required.
Bastrop County (P. 0. Bastrop), Tex.
-Bond Election
Proposed.
-According to reports, steps are being taken by the
Bastrop Commercial Club looking towards the holding of an
election to vote on the question of issuing $75,000 bonds to
improve the roads in Bastrop Precinct.
atBatavia, Kane County, Ill.-Bond Election.-According
to reports, an election will be held Feb. 28 to vote on the
question of issuing $29,000 bridge bonds. Denomination $500.
Bath, Sagadahoc County, Me.
-Temporary Loan.
-A loan
of $20,000, due in 6 months, has been negotiated, according
-It is stated
-Bonds Voted.
Ellisville, Jones County, Miss.
that an election held Feb. 4 resulted in a vote of 104 "for" to
5 "against" a proposition to issue $10,000 bonds to erect
buildings for the Jones County Agricultural High School to
be located there.
-Bond Sale.
-On
Essex County (P. 0. Newark), N. J.
Feb.8 the $300,000(3 issues) 40-year and the $50,000 20-year
bonds described in V. 92, p. 206,
bridge 43% gold coupon
-year isolation bonds
were disposed of as follows: $50,000 40
to N. W. Halseyi& Co. of New York City at 108.53, and the
remaining issues to Win. A. Read & Co. of New York at
408
THE CHRONICLE
[VOL. Lxxxxii.
Lamed, Pawnee County, Kans.-No Bond Election.
-The
108.333. Purchasers to pay accrued interest. The followreports which appeared in certain papers stating that an
ing bids were received:
-Year election would be held yesterday (Feb. 10) to vote on the
40
.
-Year 20
Bonds. Bonds.
question of issuing $10,000 armory-site bonds are erroneous.
108.333 105.77
Wm. A. Read 63 Co., New York
t_road
al
108.03
The election was held, we are informed, for the purpose of
os
107.73
105.03
N. W. Halsey & Co., New Yorkfillaifil
voting on the question of authorizing a direct-tax levy to
Isolation
108.53
105.08
raise $10,000 for the afore-mentioned purpose.
R. M. Grant & Co. and E. H. Rollins & Sons, New York_ _107.33
106.833 .104.633
Howard K. Stokes, New York
Lincoln, Lancaster County, Neb.-Bond Sales.-On
Harris, Forbes & Co., New York
1106.419
1-a 106.10- Feb. 2 the $50,000 432% coupon sewer
bonds described in
A.B.Leach 6: Co. and John D. Everitt & Co., New York_106.319 104.219
105.889 104.139 V. 92, p. 134, were sold to Devitt, Tremble & Co. of ChiJ. S. Rippe', Newark
Blodget 63 Co., New York
105.291 . 103.856 cago at 100.874, with the provision that the interest be paid
Fidelity Trust Co., Newark
104.75
103.25
annually. The following bids were received for bonds beara For the four issues.
ing semi-annual interest:
fritl
Gary School City (P. 0. Gary), Lake County, Ind.
-Bond E. H. Rollins & Sons, Chic__$50,580 1 Continental & Commdrcial V •
Tr. & Say.
Chicago 050,175
Co., Chicago..
-The $60,000 gold coupon school construction bonds H.T. Holtz &Bank, Chicago..a50,526 Estabrook & Bank,Chicago.._ 50,075
Sale.
Co.,
National City
50,385
Lincoln SafeDep.&Tr.Co.,Lina50,070
offered on Feb.7 and described in V.92, p. 336, were awarded
a And furnish bonds.
to Breed & Harrison of Cincinnati for 60,272 (100.453) and
bearing annual
Two other bids
accrued interest for 4s. Maturity $30,000 on July 1 1920 Nelson C. Brock of were also received for bondsbonds and Rollinsinterest,
& Sons
Lincoln offering $50,238 and
offering $50,255. Interest at the City Treasurer's office or the,Nebraska
and $30,000 on Jan. 1 1921. AtiA
.,411M4,A
Bids were also received from the Fletcher National Bank, Gavin L.
Payne, J. F. Wild & Co. and Jos. T. Elliott & Sons, all of Indianapolis:
Seasongood & Mayer and Well, Roth & Co., both of Cincinnati; Otis &
Hough of Cleveland, and Cutter, May & Co. of,Chicago. • • • • • • •
-Bond Offering.
Gloucester, Essex County, Mass.
-Proposals were asked for until 4 p. m. yesterday (Feb. 10) by the
of Edward Dolliver, City
Committee on Finance care
4% coupon bonds known as the
Treasurer, for $20,000'
municipal deficiency 1910 and improvement 1911 loan.
Denomination $1,000. Date Dec. 1 1910. Interest semi-annually at the
First National Bank of Boston. Maturity $2,000 yearly on Dec. 1 from
1911 to 1920 inclusive. The genuineness of the bonds has been certified
to by the Old Colony Trust Co. of Boston, who will further certify that the
legality of the issue has been approved by Ropes, Gray & Gorham of
Boston, a copy of whose opinion will be delivered to the purchaser. The
result of this offering was not known to us at the hour of going to press.
Graham County (P. 0. Robbinsville,) No. Caro.
-Bond
Election.
-A vote will be taken on Feb. 14 it is stated,,on
a proposition to issue $50,000 5% 20-year railroad-aid bonds.
Grandfield, Tillman County, Okla.
-Bond Sale.
-The
Mayor advises us that in May 1910 $16,000 6% 20-year bonds
were awarded to the Southwestern Engineering Co. in
Oklahoma City at par.
Denomination $100.
Date May 1910. Interest semi-annual.
Greenville, Hunt County,Texas.-Description of Bonds.
The $50,000 5% water-works bonds awarded on Dec. 17 1910
to Spitzer & Co. of Toledo at par and accrued interest
(V. 92, p. 336) are in the denominations of $500 each and
are dated Dec. 20 1910. Interest semi-annual. Maturity
Dec. 20 1950, subject to call $1,500 in odd years and $1,000
in even years.
A,
Idkiviii6,04A AA
Haskell County Common School District No. 19, Texas.
-The State Comptroller on Feb. 4 regisBonds Registered.
tered $2,500 5% 15-20-year (optional) bonds.
Hastings, Adams County, Neb.-Price Paid for Bonds.
-20-year (optional)
The price paid for the $50,000 5% 5
coupon paving bonds awarded on Jan. 23 to H. T. Holtz &
Co. of Chicago (V. 92, p, 275), was 100.102 and accrued interest. Purchasers to furnish blank bonds.
Helena School District No. 1 (P. 0. Helena), Lewis and
-Bond Sale.
-The issue of $50,000
Clark Counties, Mont.
10-20-year (optional) school bonds offered without
4
success on August 20 last (V. 91, p. 1661) was disposed of at
private sale on Jan. 30 to E. H.Rollins & Sons of Denver.
-Bond Offering.-ProHolland, Ottawa County, Mich.
posals will be received until 7:30 p. m. Feb. 15 by Richard
Overweg, City Clerk, for $9,000 coupon refunding sewer,
Series "B," bonds at not exceeding 5% interest.
Denomination $1,000. Date Feb. 1 1911. Interest semi-annually at
the City Treasurer's office. Maturity $1,000 yearly on Feb. 1 from 1912
to 1920 inclusive. Certified check for $200, payable to the City Treasurer,
Is required.
fiscal agency In New York City.
The Lincoln Safe Deposit & Trust Co. of Lincoln, offering
par for 5s, was the successful and only bidder on Feb. 6 for
the three issues of 1-10-year (serial) paving-district-assessment bonds aggregating $11,000, described in V. 92,cp.1134.
Purchaser to pay accrued interest and furnish bonds.
Live Oak County Common School District No. 1, Tex.
Bonds Registered.-The State Comptroller registered on Feb.4
$25,000 5% 10-40-year (optional) bonds.
Lorain School District (P. 0. Lorain), Lorain County,
Ohio.
-Bond Sale.
-On Feb. 8 the $95,000 43/2% coupon
school bonds described in V. 92, p. 275, were purchased by
the First National Bank of Cleveland at 105..921 and interest.
The following bids were received:
First Nat. Bank, Cleve_ _$100,625 25 Clev. Tr. Co.,Lorain Br_ _$99,997 50
Hayden,Miller&Co.,Clev. 100,092 00 Stacy & Braun, Toledo__ 99,897 50
Otis & Hough., Cleve__1100,050 00 Breed & Harrison,
99,754 75
Seasongood &Mayer,Cin J
Rudolph Kleybolte Co.,
Tillotson do Wolcott Co.,
99,370:00
Inc., Cincinnati
Cleveland
100,035 00 New First National Bank,
C.E.Denison & Co.,Cley_ 100,026 75
Columbus
99,050 00
Maturity $5,000 each six months rom Feb. 1 1925 to Feb. 1 1934 inelusive.
Los Angeles, Cal.
-Sales of Owen River Bonds.-Kountze
Bros. and A. B. Leach & Co. of New York City have agreed
to exercise their option on $2,448,000 more of the 43/%
9
Owens River Aqueduct system bonds. As stated in V. 92,
p. 208, $8,740,000 of the $23,000,000 issue had been purchased up to Jan. 12.
McPherson, McPherson County, Kan.
-Bond Sale.
-The
City Clerk ad vises us that the $7,000 electric-light and $3,000
water-works 3-10-year (optional) bonds described in V. 91,
p. 1468, have been sold.
Manning, Clarendon County, So. Caro.
-Purchaser of
Bonds.
-Chas. H. Coffin of Chicago was the purchaser of the
$5,000 6% 1-5-year (serial) refunding bonds, the sale of
which was reported in V. 92, p. 276. The price paid was
100.22. Denomination $1,000. Date Jan. 2 1911. Interest annual.
Media School District (P. 0. Media), Delaware County,
Pa.
-Bond Sale.
-On Feb. 4 the $26,000 4% 10-25-year
(optional) coupon land-purchase bonds described in V. 92,
p. 276, were awarded to the Union Trust Co. in Lancaster.
-Temporary
Middlesex County (P. 0. Lowell), Mass.
Loan.
-On Feb. 4 a loan of $100,000 was negotiated with
Estabrook & Co. of Boston at 3.23% discount and a premium of $1. The loan matures Nov. 7 1911.
Mills County (P. 0. Glenwood), Iowa.
-Bonds Withdrawn from the Market.
-This county has withdrawn from
the market an issue of $15,000 6% Keg Creek Drainage
District No. 2 bonds, proposals.for which were asked until
Jan. 20.
-Bond Sale.
Mineral Wells, Palo Pinto County, Tex.
-The
$3,000 5% 20-40-year (optional) sewer bonds, registered by
the State Comptroller on Nov. 23(V. 91, p. 1528), have been
disposed of to the Sinking Fund.
Minneota School District(P. 0. Minneota), Lyon County,
Minn.
-Bonds Voted and Sold.
-A proposition to issue
$11,000 4% bonds carried by a vote of 142 to 18 at an election
held Jan. 31. These securities have been issued to the State
of Minnesota. Maturity from 1917 to 1928.
Minnesota.
-Loan Offering.
-Proposals will be received
until 2 p. m. Feb. 15 by the State Board of Control, in St.
Paul, for the following coupon "Minnesota Prison Certificates of Indebtedness' at not exceeding 4% interest:
-Bond Offerin,g.-Proposals will be
Jacksonville, Fla.
received until 3 p. m. March 6 by W. M. Bostwick Jr.,
Chairman Board of Bond Trustees, for the $100,000 5%
gold coupon street-improvement bonds voted on July 18
1910. See V. 91, p. 230. Bid must be made on form furnished by the Auditor of the Board of Bond Trustees or by
Dillon, Thomson & Clay of New York City. The legality
of this issue has been approved by Dillon, Thomson & Clay.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Jamestown, Chautauqua County, N. Y.
-Bond Sale.
-The
$30,000 fire-department and the $40,000 hospital 43/2%
1-30-year (serial) registered bonds, offered on Feb. 4 (V. 92, $100,000 certificates. Date Aug.
Aug. 1
p. 275), were purchased by Farson, Son & Co. of New York 100,000 certificates. Date Sept. 1 1911. Maturity $15,0001915. 1 1915
1 1911. Maturity
Aug.
City at 103.985-a basis of about 4.15%.
100,000 certificates. Date Oct. 1 1911. Maaurity A 0 1ug.. 1916.
01A 916 1
t nd $85Tg.
Johnson City, Washington County, Tenn.
-Bond Sale.
- 100,000 certificates. Date Nov. 1 1911. Maturity $40,000 Aug. 1 1916
and $60,000
The Union Savings Bank & Trust Co. of Cincinnati was 100,000 certificates. Date Jan: 1 1912. Maturity Aug. 1Aug. 1 1917.
1917
100,000 certificates. Date Feb. 1 1912. Maturity $65,000 Aug. 1 1917
awarded $40,000 532% 20-year refunding bonds.
and $35,000 Aug 1 1918.
-The $125,- 100,000 certificates. Date March 1 1912, Maturity Aug. 11918.
Kearney, Buffalo County, Neb.-Bond Sale.
000 432% 5-20-year (optional) water-works bonds men- 100,000 certificates. Date April 1 1912. Maturity $90,000 Aug. 1 1918
and $10,000
awarded, it is stated, to the 100,000 certificates. Date May 1 1912. Maturity Aug. Aug. 1 1919.
tioned in V. 92, p. 275, have been
1 1919.
100,000 certificates. Date June 1 1012. Maturity Aug. 11919. '
State of Nebraska at par.
Authority Chapter 27, General Laws of 1909. Denomination "not less
-Bond Sale.
-E. H. than $500." Interest annual. Certified check for 2%, of bonds bid for,
La Grande, Union County, Ore.
payable to the State Board of
The official circular
Rollins & Sons of Denver were awarded on Jan. 7 at par and states that the validity of the e Control, is required. affirmed by the State
certificates has been
accrued interest the $10,000 5% 10-20-year (optional) sewer Supreme Court, Brown vs. Ringdal, 109 Minnesota, p. 6
bonds offered without success on Dec. 28 1910. V. 92,
Modoc County School District, Cal.
-Bond Offering.
p. 134. Denomination $1,000. Date Jan. 1 1911. Interest Proposals will be received until March 4 for 820,000 bonds
semi-annual.
These securities were offered without success on Jan. 14.
THE CHRONICLE
FEB. 11 1911.1
-The
-Bond Sale.
Monona County (P. 0. Onawa), Iowa.
Wm. R. Compton Co. of St. Louis has been awarded for
$31,406 (101.309) and accrued interest the following 6%
1-5-year (serial) drainage bonds offered on Jan. 25: $5,000
of Linscott District No. 7, $19,000 of Losey District No. 11
and $7,000 Sherman District No. 10. Interest semi-annually
at the County Treasurer's office.
-Purchaser of
Montgomery, Montgomery County, Ala.
-We stated last week that $150,000 5% paving
Bonds.
bonds had been sold. We are now advised that these bonds
were awarded on Oct. 3 1910 to the New Farley National
Bank and find that the sale was reported at that time in the
"Chronicle." See V. 91, p. 1278.
Moundsville, Marshall County, W. Va.-Bonds to be
-We are advised under date of Jan. 28 that
Offered Shortly.
the $166,900 sewer-system-construction bonds described in
V. 92, p. 276, will be offered for sale in about fifteen days.
-Bond Election.
-According to reports,
Muskogee, Okla.
Feb. 16 is the probable date of the election to vote on the
question of issuing $650,000 water and sewer-systemimprovement and garbage-incinerating-plant-construction
bonds. The resolution authorizing the Mayor to call a special election was passed by the Council on Jan. 27.
New York City.
-Bond Sale.
-In addition to the $60,000,000 43% 50-year gold corporate stock sold by this city on
Jan. 24 (V. 92, p. 276), the following bonds were awarded
during that month to the Sinking Fund at par:
PurposeVarious municipal purposes
Water bonds
Rapid Transit bonds
Interest.
3
3
4
Maturity.
1960
1960
1960
Amoun
$150,000
1,000,000
10,000
409
Random Lake, Sheboygan County, Wis.-Bond Sale.
The Village President advises us that $4,000 bonds have been
sold.
Remsen and Trenton (Towns) union Free School District
No. 1, Oneida County, N. Y.
-The Clerk advises
-Bond Sale.
6%
, bonds offered on
us that in Aug. 1910 the $11,000 0
July 11, and described in V. 91, p. 55, were awarded to the
First National Bank in Remsen at par.
Maturity on Jan. 1 as follows: $500 in 1911. $1,000 in 1912 and $500
yearly from 1913 to 1931 inclusive.
Ridgefield Park, Bergen County, N. J.
-On
-Bond Sale.
Feb. 7 the $50,000 5% 20-year coupon (with privilege of regisfunding street-improvement and park bonds detration)
scribed in V. 92, p. 338, were purchased by W. N. Coler &
Co. of New York City at 106.55 and accrued interest
-a basis
of about 4.50%. The following bids were received:
W. N. Coler & Co., N. Y453,275 00 Outwater & Wells, Jar. C452.430 50
N. W.Halsey & Co., N.Y. 52,771 00 R. M. Grant do Co.. N. Y. 52.141 00
A. B. Leach & Co., N. Y.. 52,655 00 H.L. Crawford & Co.. N.Y.51.190 50
Harris, Forbes & Co., N.Y. 52,604 00
-On Feb. 9 the $274,000
-Note Sale.
Rochester, N. Y.
-months' notes in anticipation of city taxes, described in
4
V. 92, p. 338, were awarded to the Union Trust Co. of
New York at 3.65% interest.
Other bids received were as follows:
$274,000 00
Alliance Bank, Rochester (3.70s)
274,008 00
H. Lee Anstey, New York (3.85s)
274,015 00
First Trust & Savings Bank, Chicago (3'Xs)
274,014 50
Bond & Goodwin, New York (3 )(s)
274.000 00
Monroe County Savings Bank, Rochester (3.90s)
274,051 00
C. H. White & Co., New YOrk (4s)
274,011 00
W. E. Volk, New York (4.10s)
274,080 00
Bernam & Co., New York (4 )(s)
Goldman, Sachs & Co., New York (4)(s)
,
Rochester Trust & Safe Deposit Co., Rochester ($100,000 4.255) 100 005 00
$1,160,000
-Proposals
Roselle, Union County, N. J.
-Bond Offering.
The following revenue bonds (temporary securities) were will be received until 8 p. m. Feb. 15 by the Borough Council
also issued during January:
for $20,000 5% coupon (with privilege of registration) conAmount.
Interest.
•54,737,782 struction bonds.
4.20
Revenue bonds, current expenses
Total
Revenue bonds, current expenses
Revenue bonds, current expenses
Revenue bonds, current expenses
Revenue bonds, current expenses
Revenue bonds, current expenses
Revenue bonds, special
Revenue bonds, special
Revenue bonds, special
Revenue bonds, special
Total
4.15
4 )i
4.1 •
3IN
3)4
44(
4 )4
4.1
4
4,000,000
4,905,000
3,243,000
24,825
6,500,000
250,000
422,000
250,000
300,100
$24,632,707
• Payable in francs.
Denomination $1,000. Date Jan. 1 1911. Interest semi-annually at
the First National Bank in Roselle. Maturity 20 years. Certified check
for $400, payable to the Bdrough Clerk, is required. Bids must be unconditional. Bonds are exempt from all taxes. Purchaser to pay accrued
interest. Jacob F. Ostrander is Borough Clerk.
-Reports state that
-Bonds Not Sold.
San Francisco, Cal.
no bids were received on Jan. 30 for the $1,125,000 04%
coupon water-system-construction bonds described in V. 92,
p. 210.
Seattle School District No. 1(P.0. Seattle), King County,
-The Harris Trust & Savings Bank of
-Bond Sale.
Wash.
Chicago purchased as 4 Ms the three issues of coupon bonds,
aggregating $850,000, offered on Feb, 4, and described in
V. 92, p. 210. The purchase price is reported as 100.33.
The bank, we are advised, has already placed over $600,000
of these bonds.
-Bond Offering.
-ProShawnee, Perry County, Ohio.
posals will be received until 12 m. Feb. 14 by John Breen,
improveVillage Clerk, for $5,499 6% coupon Main Street
ment assessment bonds.
-An election will be
-Bond Election.
Oklahoma City, Okla.
held on Feb. 14 to vote on the questions of issuing $250,000
bonds for the extension of the water-works-system, $125,000
bonds for the extension of the sewerage system in Packing
Town District, $25,000 bonds to erect and furnish a general
hospital and $1,250,000 bonds for the acquisition of a lake
for a water-supply. Interest not to exceed 5%, payable
semi-annually. Date March 1 1911. Maturity March 1
1936.
-A proposition
Ord, Valley County, Neb.-Bond Election.
to issue $14,000 6% 5-20-year (optional) electric-light-plant
Authority Section 3914, General Code. Denomination $141. Date
March 11911. Interest semi-annually at the Shawnee Bank
bonds will be submitted to a vote on Feb. 14. Denomina- $423 yearly on March 1 from 1912 to 1916 inclusive, $564 onCo. Maturity
March 1 1917
tion $500. Interest annual.
and $705 yearly on March 1 from 1918 to 1921 inclusive. Bonds are
from all taxes. Certified check for 5% of bonds bid for, payable
-Bond Offering.-Proposals exemptVillage Treasurer, is required.
Passaic, Passaic County, N.J.
to the
will be received until 8 p. m. Feb. 24 by T. R. Watson, City
South Hadley Fire District No. 2 (P. 0. South Hadley),
Clerk, it is stated, for $75,000 4M% park bonds.
-On Feb. 7 the $60,-Bond Sale.
Hampshire County, Mass.
Maturity 50 years. Certified check for 5% is 000 4% 1-30-year (serial) coupon water bonds described in
Interest semi-annual.
required.
awarded to R. L. Day & Co. of New
-Bonds V. 92, p. 339, were accrued interest. Other bids received
Pittsburgh, Pa.-Brushton Sub-School District.
at 102.789 and
-J. S. & W. S. Kuhn, Inc., of Pitts- York as follows:
Offered by Bankers.
were
burgh, are offering to investors the $40,000 4% tax-free Adams & Co., New York___102.479[Merrill. Oldham & Co., Bos__102.279
bonds which were recently awarded them. See V. 92, p. 338.
-On Feb. 7 the
-Bond Sale.
Summit, Union County, N. J.
The securities are dated Feb. 1 1911 and mature $20,000 Feb. 1 1940 and
$20,000 Feb. 1 1941. Denomination $1,000. Interest semi-annually at $40,000 434% 30-year park bonds described in V. 92, p. 279,
National Bank of Wilkinsburg.
the First
were awarded to John D. Everitt & Co. of New York at
- 103.035 and accrued interest. The following bids were
-Temporary Loan.
Pittsfield, Berkshire County, Mass.
due Oct. 11 1911, was negotiated re- received:
A loan of $125,000,
cently with the Old Colony Trust Co. of Boston at 3.21% John D. Everitt & Co., N. Y_103.035 Kean,Taylor & Co., N. Y_101.83
& Co.. N.
do Co., N. Y.......102.62
discount and a premium of 40 cents. The following pro- R. M. GrantCo., New York....102.333 H. L. CrawfordCo.. N Y Y...101.73
W. N. Coler &
Rhoades &
posals were also received:
01..09
101.72
J. H. Becker & Co., N. Y102.135 N. W. Halsey & Co.. N. Y
Estabrook & Co.. Boston-3.23% discount and $1 25 premium .
Edgerly & Croliter, Bo3ton-3.24% discount and $1 premium.
First National Bank, Boston-3.25% discount.
Blake Bros. & Co., Boston-3.36% discount and 75 cents premium.
Outwater & Wells, Jer•ey Cy.101.831 E. H. Rollins & Sons, Boston_101.09
An informal bid was also received from Devitt. Tremble & Co. of Chicago.
Date Feb. 1 1911. Interest semi-annual.
-Bond Offering.
Sycamore, Wyandot County, Ohio.
-The following bids were received
-Bids.
Portland, Ore.
Jan. 23 for the $232,119 48 6% 10-year improvement Proposals will be received until 12 m. Feb. 13 by C. F. Ellis,
on
light-plant-improvebonds awarded on that day, as stated in V. 92, p. 338, to Village Clerk, for $1,000 5% water and
L. McPherson, Vice-President of the Lumbermen's ment bonds.
Geo.
Authority Section 3939, General Code. Denomination $500. Datd
National Bank, acting on behalf of Eastern clients:
annual. Maturity one and two years from date.
Geo. L. McPherson, 101.006 for the entire Issue.
Hochler & Cummings, Toledo, 100.685 for $150,000 bonds.
Security Savings & Trust Co., 100.50 for $100.000 bonds.
Davis & Struve Bond Co., Seattle, 100.333 for $100,000 bonds.
United States National Bank, Portland, 100.051 for $50,000 bonds,
100.036 for $25,000 bonds and 100.026 for $25,000 bonds.
Hibernia Savings Bank, Portland, 100.0625 for $50,000 bonds.
Henry Teal, 100.51 for $7,000 bonds.
Lumbermen's National Bank, Portland, par for $5,000 bonds.
Abe Tichner, 100.25 for $2,500 bonds.
D. Wennerberg, par for $2,000 bonds.
Geo. W. Watt, 100.375 for $1,500 bonds.
E. S. McCoy, par for $1.000 bonds.
March 1 1911. Interest
Purchaser to pay accrued interest. Bonded debt at present $11,500.
Sinking fund assets $11,500. Assessed valuation in 1910 $304,900.
-Bond Offering.-Proposals will be reTacoma, Wash.
ceived until 2 p.m. March 4, at the City Treasurer's office,for
$525,000 refunding bonds at not exceeding 5% interest.
Denomination $1,000. Interest semi-annually at the fiscal agency of
Washington in New York City. Maturity April 1 1931. Certified check
for $5,000 is required. The bonds will be delivered between April 1 and
April 10 1911. J. F. Meads is City Comptroller.
The official notice of this bond offering will be found among
All bidders offered accrued interest in addition to their bids.
-The election held Jan. 18 the advertisements elsewhere in this Department.
Portsmouth, Va.-Bonds Voted.
resulted in favor of the proposition to issue the $600,000 5%
Tallahatchie County Supervisors District No. 2, Miss.
water-plant bonds, mention of which was made in V. 92, Bonds Offered by Bankers.-Ulen & Co. of Chicago are offering
p. 137. The bonds will not be issued, we are advised, for for sale $25,000 6% road-building bonds.
some months.
Denomination $500. Date Jan. 1 1911. Interest semi-annually at the
Jan. 1
National Bank in Chicago.
-This city on Feb. 8 Continental & Commercial from 1922 to 1928 inclusive Maturity on yearly
-Temporary Loan.
Quincy, Mass.
and $3,000
as follows: $1,000 yearly
borrowed $50,000 until Nov. 10 1911, from Estabrook dz Co. from 1932 to 1936 inclusive. Total debt, this issue. Assessed valuation
of Boston,it is stated, at 3.23% discount and a premium of$1. 1910, $984,295.• Real value (estimated). $2,900,000
410
THE CHRONICLE
[VoL. Lxxxxn.
Townsend, Broadwater County, Mont.
-Bond Offering.
- and fire-station bonds registered by the
Comptroller
Proposals will be received until 7 p. m. Feb. 14 by E. H. on June 23 1910 (V. 91, p. 56) have been State
awarded
Goodman, Town Clerk, for $35,000 water-system bonds at cago bond company at par and accrued interest. to a Chinot exceeding 6% interest.
Westfield School District(P.0. Westfield), Union County,
Denomination $1,000. Interest semi-annual. Maturity 30 years, subject to call after 15 years. Purchaser to furnish blank bonds. These bonds N. J.
-Bond Sale.
-The $60,000 43% 1-30-year (serial)
were offered without success as 4 Ms on Sept. 15 1910. See V. 91, p. 1116. gold coupon
(with privilege of registration) bonds described
-Bond Offering.
Union, Union County, Ore.
-Proposals in V. 92, p. 213, were sold on Feb. 7
of
will be received until 2 p. m. Feb. 15 by Irwin D. Wright, New York City at 100.83 and interest. to Rhoades & Co.
A list of the bidders
City Recorder, for $95,000 5% gold coupon water-works, follows:
electric-light and refunding bonds. These securities were Rhoades & Co., N. Y
$60,498 Westfield Trust
West1'd.$60,276
Devitt, Tremble .5e Co., Chic.. 60,462 H. L. Crawford Co.,
offered but not sold on Dec. 21 1910.
& Co., N. Y_ 60,216
Kean, Taylor & Co., N. Y
Denomination $1,000. Date Jan. 1 1911. Interest January and July
in New York. Maturity twenty years, subject to call after ten years.
The bonds are tax-exempt. Certified check for 5% of bid, payable to the
City Recorder, is required. Bonded debt, including this issue, $124,000,
No floating debt. Assessed valuation for 1909, $745,000.
60,456 R. M. Grant & Co., N. Y___ 60,054
John D. Everitt & Co., N. Y. 60,444
Westwood, Norfolk County, Mass.
-Bond Sale.
-Lee,
Higginson & Co. of Boston have been awarded at par and
accrued interest $5,000 town-hall bonds offered on Jan. 25.
Uvalde County Common School District No. 5, Texas.
Bonds Registered.
-On Jan. 24 $9,000 5% 10
-20-year (op- Denomination $500.
Williamson, Mingo County, W. Va.-Bond Sale.
tional) bonds were registered by the State Comptroller.
-Cutter,
May & Co. of Chicago
Vandergrift, Westmoreland County, Pa.
-Bond Sale.
- interest the $51,000 were awarded at 100.90 and accrued
53.% 10-34-year (optional) coupon
Lawrence Bartlet & Co. of Philadelphia were awarded at water,
sewerage and paving bonds offered on Jan. 10 and
105.32 the $12,500 5% garbage bonds offered on Jan. 20 and described
in V. 91, p. 1794.
described in V. 92, p. 138. Date Feb. 1 1911. Maturity
Wilson County Common School District No. 11, Texas.
one bond of $500 yearly.
Bond Sale.
-H. N. Swain
Vernon, Wilbarger County, Texas.
-Bond Sale.
-On Dec. 1910 the $8,500 5% of Dallas was awarded at par in
20-year bonds registered by the
Nov. 20 1910 the $9,000 water-works-extension and $3,000 State Comptroller
on Dec. 19 1910 (V. 91, p. 794). Desewer-extension 5% 10-40-year (optional) coupon bonds nomination
$100. Date April 10 1910. Interest annual.
registered by the State Comptroller on Jan. 3(V. 92, p. 138)
Winchester, Clark County, Ky.-Bond Sale.
were awarded to Sutherlin & Co. of Kansas City, Mo., at par.
-Reports
Washington O. H., Fayette County, Ohio.
-Bond Sales.
- state that on Feb. 3 the $40,000 4% 20-year city-hallconstruction bonds described in V. 92, p. 340, were awarded
On Jan. 17 the Commercial Bank in Washington C. H. was
awarded $5,714 18 4y% street-improvement bonds. Date to the Harris Trust & Savings Bank of Chicago at par.
Dec. 7 1910. Interest March and September.
Winthrop School District(P.0. Winthrop), Sibley County,
The Commercial Bank also purchased at par on Feb. 1 Minn.
-Bonds Voted.
-An election held recently, it is stated,
the $1,200 4% 1-6-year (serial) engine-house bonds described resulted in favor of a proposition to issue $20,000 school212.
in V. 92, p.
building-addition bonds.
Washington County (P. 0. Greenville), Miss.
-Bond Sale.
Woodlawn, Beaver County, Pa.
-Bond Sale.
-We have
-It is stated that on Feb. 6 $100,000 refunding court-house just been Advised
that the $81,000 4% coupon improveand jail bonds were awarded to Sutherlin & Co. of Kansas ment bonds offered
on Aug. 10 1910 (V. 91, p. 356), were
City as 5s.
sold during that month to B. F. Jones Jr., an agent, as
Weatherford, Parker County, Tex.
-Bond Sale.
-Papers follows: $40,000 due $20,000 on May 1 in each of the years
state that the $15,000 5% 15-40-year (optional) city-hall 1925 and 1930 at
104.936 and $41,000 due $20,000 on May 1
NEW LOANS.
NEW LOANS.
NEW LOANS.
$525,000
CITY OF TACOMA, WASH.,
$825,300.00
CITY OF MINNEAPOLIS
I 00,000
JACKSONVILLE, FLORIDA,
REFUNDING BONDS OF 1911
By order of the City Council of the City of
Tacoma.
Notice is hereby given that on SATURDAY,
MARCH 4. 1911, at the office of the Treasurer
of the City of Tacoma. Washington, in the City
Hall, at 2 o'clock in the afternoon of said day,
sealed bids will be received for an issue of City of
Tacoma bonds in the sum of $525,000. Said
bonds are general bonds of the City of Tacoma of
the par value of $1,000 each, payable on the first
day of April, 1931, with interest at not exceeding
Five Per Cent per annum, payable semi-annually
the Fiscal Agency of the State of Washington,
in the City of New York, and are known as City
of Tacoma Refunding Bonds of 1911, issued
pursuant to Ordinance No. 4446, passed January
25, 1911.
Bids must be for a sum at least equal to par
and accrued interest, and must be accompanied
by a certified check in the sum of $5,000 to be
forfeited to the City of Tacoma by the successful
bidder if he fails to take and pay for said bonds
within the time prescribed herein.
The said bonds are issued for the purpose of
refunding certain bonds issued by the City of
Tacoma in 1891. known as Funding Bonds and
City Hall Bonds, in the sum of $550,000. The
successful bidder for said bonds will be required
to take up and pay for the same between the 1st
and 10th days of April, 1911, by depositing the
sum of $525,000 with the Mercantile Trust Company in the City of New York to the credit of
the City of Tacoma for the redemption of said
Funding and City Hall Bonds of 1891, and by
paying the excess of his bid, if any, over said
sum, to the City Treasurer of said City of Tacoma:
provided that any other method of payment may
Lie arranged for between the City and said bidder.
Said bonds will be sold to the person or persons
making the most advantageous offer therefor,
with the right reserved to said city to reject any
or all bids.
For all other information apply to J. F. Meads,
City Controller.
Dated, Tacoma, Wash., Jan. 28, 1911.
SINKING FUND BOARD.
A. V. FAWCETT.
Mayor.
J. F. MEADS,
Controller.
RAY FREELAND,
Commissioner of Finance.
4% BONDS
Sealed bids will be received by the Committee
on Ways and Means of the City Council of the City
of Minneapolis, Minnesota. at the office of the
undersigned, THURSDAY, FEBRUARY 16,
1911, at 2 o'clock P. M., for the whole or any part
of $150,000 High School bonds dated July 1, 1910,
payable July 1. 1940; for the whole or any
$250,300 Grade School bonds, to be datedpart of
January 1, 1910, payable January 1, 1940; for the
whole or any part of $100,000 Park bonds to
be
dated July 1. 1909, payable July 1, 1939; for the
whole or any part of $200,000 Permanent
Improvement Revolving Fund Bonds,to be dated
1, 1910, payable October 1, 1940, and October
for
whole or any part of $125,000 Permanent the
Improvement Fund bonds to be dated October 1,
1910, payable October 1, 1940.
Bonds to bear interest at the rate of Four
(4%)
Per Cent per annum, payable semi-annually.
The right to reject any or all bids is reserved.
A certified check for Two (2%) Per Cent of the
par value of the bonds bid for, made to C. A.
Bloomquist, City Treasurer, must accompany
each bid.
Circular containing full particulars will be
mailed upon application.
DAN C. BROWN.
City Comptroller,
Minneapolis, Minn.
Charles M. Smith & Co
CORPORATION AND
MUNICIPAL BONDS
Fran NATIONAL BANK BUILDIN*
MUNICIPAL BONDS
ULEN & CO.
BANKERS
CHICA00
H. AMY & CO.
Road and Building Bonds
Sealed bids will be received by the Commissioners' Court of Russell County. Alabama, up to
12 o'clock M. FEBRUARY 13TH 191 1 for the
sale of $100,000 00 Road Bonds and $20,000 00
Public Building Bonds of said County, bearing
5% interest from Mch. 1 1911, payable semiannually and run 30 years. Bonds and interest
payable in Gold at Hanover National Bank,
New York. Certified check for 2% to accompany bids.
Address: H.T. BENTON,Judge of Probate.
Seale, Ala.
BLODGET & CO.
BONDS
00 STATE STREET,BOSTON
MUNICIPAL AND RAILROAD
BONDS
STATE, CITY & RAILROAD BONDS
30 PINE STREET, NEW YOBS
ESTABLISHED 1885
SEASONGOOD & MAYER H. C. SPEER & SONS CO.
Mercantile Library Building
CINCINNATI
F. WM. KRAFT
LAWYER
Specializing in Examination of
BANKERS.
44 and 46 Wall Street, New York, Municipal and Corporation Bonds
INVESTMENT SECURITIES
211141 of Eseltrose.
Letters of Credit.
$120,000
Russell County, Alabama,
CHICAGO
LIST ON APPLICATION
A% to 6% Write MI
West investments
knOWII. Yielding from -IF
CIroulat
5% IMPROVEMENT BONDS
Sealed proposals will be received by the undersigned Board of Bond Trustees of Jacksonville,
Florida, until March 6th, 1911, at 3 o'clock p. m.,
for the purchase of all or any part of $100,000
five per cent Improvement Bonds of the City of
Jacksonville, Florida. The legality of the bonds
has been approved by Messrs. Dillon, Thomson &
Clay of New York. Printed circulars containing
more definite information with reference to said
bonds and blank forms for bids can be had on
application to the Auditor of the Board of Bond
Trustees, Jacksonville, Florida, or to Messrs.
Dillon, Thomson & Clay of New York.
W. M. BOSTWICK, Jr.,
Chairman of Board of Bond Trustees.
1312 FIRST NATIONAL BANK BURL
CHICAGO, ILL.
First Nat. Bank Bldg., Chicago
SCHOOL,
COUNTY AND MUNICIPAL BONDS
HODENPYL, WALBRWGE & CO.
7 Wall St., New York
Etailroad, Street By., Gas & Klee. Light
SECURITIES
FEB. 11 1911.1
THE CHRONICLE
1935 and $21,000 on May 1 1940 for $43,686 29, or 106.551.
The $40,000 bonds were purchased for Mary F. Laughlin.
Denomination $1,000. Date May 1 1910. Interest semiannual.
-An issue of $375,000 4%
Worcester, Mass.
-Bond Sale.
10-year bonds, dated Jan. 11911, and offered on Feb. 10,
was sold, according to reports, to Hayden Stone & Co. of
Boston at 103.826-a basis of about 3.54*.
Yakima County School District No. 36, Wash.
-Bond
-Proposals will be received until 10 a. m. Feb. 18 by
Offering.
Frank Bond, County Treasurer (P. 0. North Yakima), for
$35,000 coupon school-building and site-purchase bonds at
not exceeding 6% interest.
Authority, Sections 117, 118, 119, deo., of Public Instruction Laws of
1897, pages 357 et seq.; also election held Jan. 21 1911. Denomination
$1,000. Date "day of issue" or may be dated on the first of some month,
at the option of bidder. Interest annually at the County Treasurer's office.
Maturity 20 years, subject to call after 5 years. Total debt, at present,
$4,709 50. Assessed and equalized valuation for 1910, $854,300.
Canada, its Provinces and Municipalities.
Calgary, Alberta.
-Debenture .Election.-According to reports,a proposition to issue $14,200 434,% 30-year debentures
will be voted upon Feb. 16.
Claresholm, Alberta.
-Debenture Sale.
-C. H. Burgess &
Co. of Toronto were the successful bidders last month for
$9,941 5% debentures,re-payable in five and twenty installments.
Oollingwood Township School Section No. 17, Ont.Debenture Offering.-Proposals will be received until Feb. 15
by Edw. Rorke, Township Clerk (P. 0. Thornbury), for
$3,100 5% debentures. Maturity in 10 years.
Dubuc School District (P. 0. Dubuc), Sask.-Debenture
-An issue of $7,000 6% school debentures was disposed
Sale.
of during January to G. A. Stimson & Co. of Toronto. The
debentures are dated July 27 1910 and mature part yearly
for 20 years.
Fraserville, Que.-Debenture Sale.
-Papers state that
$77,000 432% 30 and 40-year debentures have been bought
by Hanson Bros. of Montreal.
411
Guelph, Ont.-Debenture Sale.
-Wood, Gundy & Co. of
Toronto were the successful bidders on Feb. 2 for the six
issues of 436% debentures, aggregating $96,667 87, described
,
in V. 92, p. 282.
Ingersoll, Ont.-Debenture Sale.
-An issue of $54,800 4%
30-year electric-light-system debentures has been purchased
by Wood, Gundy & Co. of Toronto.
Ladysmith, B. 0.
-Debenture Offering.
-Proposals will be
received until 7 p. m. Feb. 13 by N. A. Morrison, Municipal
Clerk, for $65,000 5% water-works debentures.
• Interest semi-annually at the Royal Bank of Canada.
years.
Maturity 30
Owen Sound, Ont.-Debenture Sale.
-The three issues of
% 20-year gas and bridge debentures, aggregating
43
/
2
$50,000, voted on Jan. 2 (V. 92, p. 139) have been sold to
Wood, Gundy & Co. of Toronto.
Paipoonge Township, Ont.-Debenture Election.
-An election will be held Feb. 13, it is slated, to vote on a by-law
providing for the issuance of $4,000 5% 20-year bridge debentures.
Smith Falls, Ont.-Debenture Sale.
-On Feb.6 the $10,000 •
30-year water-works and $31,501 35 20-year local-improvement 5% debentures described in V.92, p. 341, were awarded
to Aemilius Jarvis & Co. of Toronto at 100.669 and accrued
interest. The following bids were received:
Tor__$41,779 1 Brent, Noxon & Co.. Tor_
Aemillus Jarvis &
_$41,563
Co.,
C. H. Burgess & Co. Tor..,.. 41,727 Ontario Securities Co., Tor_.. 41,057
Campbell,ThompsoACo.,Tor 41,711 Dominion Secur. Corp.. Tor.. 41,030
Verdun, Que.-Debenture Sale.
-Reports state that $250,000 5% 30-year debentures have been disposed of to St. Cyr,
Gonthier & Frigon of Montreal.
-Debenture Sale.
Virden, Man.
-On Feb. 1 the $20,000 5%
19-year gold local-improvement debentures dated Dec. 31
1910 and described in V. 92, p. 214, were awarded to F. C.
Whitehouse at par and accrued interest. The following
bids were received:
F. C. Whitehouse
$20,000
Nat. Finance Co., Toronto
19,630
Brent, Noxon & Co., Toronto 19,611
W.A. MacKenzie & Co., Tor. 19,511
C. H. Burgess & Co., Tor__ _ 19,507
Nay & James, Regina
19,411
ACCOUNTANTS.
National Trust Co., Toronto..$19,366
Ontario Sec. Co.. Toronto
19,207
Wood, Gundy & Co., Toronto 18,916
Geo. A. Stimson & Co., Tor_ 18,800
J. C. Mackintosh & Co., Tor.. 18,231
Alloway & Champion, Winn_ 17,97t4
MISCELLANEOUS.
OFFICE OF THE
HASKINS & SELLS
CERTIFIED PUBLIC ACCOUNTANTS
30 BROAD STREET
NEW YORK
ATLANTIC MUTUAL INSURANCE COMPANY
New York. January 20th, 1911.
The Trustees, in conformity with the Charter of the Company, submit the following statement of its affairs
on the 31st of December, 1910.
$3.081.907 35
Premiums on Marine Risks from 1st January, 1910, to 31st December, 1910
b8.i,146 90
Premiums on Policies not marked of/ let January. 1916
34.667,514 25
Total Marine Premiums
$3,793,863 88
Premiums marked off from 1st January. 1910. to 31st December. 1910
LONDON. E. C., 30 Coleman St.
CHICAGO
ST. LOUIS
CLEVELAND
PITTSBURGH
BALTIMORE
Interest received during the year
Rent less Taxes and Expenses
$373.571 50
146,586 91
$520,158 41
Losses paid during the year which were estimated in 1909
$504,311 33
and previous years
Losses occurred, estimated and paid in 1910
1,021.356 12 $1,525,667 45
Less Salvages
Re-insurances
$195,931 27
402,106 63
598.037 90
$927.629T55
LYB RAND,
ROSS BROS &
MONTGOMERY
Certified Public Accountants
(Pennsylvania)
NEW YORK,
165 Broadway
PHILADELPHIA,
Land Title Bldg
PITTSBURGH,
Union Bank Bldg
CHICAGO, First National Bank Bldg
JAMES PARK & CO.
Returns of Premiums
Expenses. including officers' salaries and clerks' compensation, stationery,
newspapers, advertisements, etc
$132,651 56
$363,223 39
ASSETS.
United States & State of New York
Stock, City. Bank and other Securities
$5.418.792 00
Special deposits in Banks &TrustCos. 1,200,016 66
Real Estate car. Wall & WIlliamSts..
& Exchange Place _$4,209,426 04
Other Real Estate &
claims due the com75,000 00 4,374,426 04
pany
LIABILITIES.
Estimated Losses and Losses Unsettled
$2,714.035 83
Premiums on Unterminated Risks..
873,680 31
Certificates of Profits and Interest
Unpaid
262,427 75
Return Premiums Unpaid
146,084 03
Reserve for Re-Insurance Premiums
& Claims ot settled, including
Compensation. etc
160,000 00
Certificates of Profits Ordered Redeemed. Withheld for Unpaid
Premium notes and Bills Receivable 1,134.448 70
Cash in the hands of European
Prem1111113
22,460 61
Certificates of Profits OutstandBankers to pay losses under polling
210,435 74
ees payable in foreign countries_
7.441,100 00
Ca01 in Bank and N. Y. City revReal Estate Reserve Fund__400.000 00
enue bonds
935,478 76
Aggregating
$13,274.407 00
Aggregating
312.019,787 64
CERTIFIED PUBLIC ACCOUNTANTS
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 seventh of February next.
The outstanding certificates of the issue of 1905 will be redeemed and paid to the holders thereof,
or their
February next,from
AUDITORS FOR FINANCIAL INSTITU- Interest legal representatives, on and after Tuesday the seventh of time of payment andwhich date all
thereon will cease. The certificates to he produced at the
canceled.
TIONS, INDUSTRIAL AND
A dividend of Forty per cent Is declared on the ea-ned premlnmq of the Company for the year
MINING COMPANIES
ending 31st December, 1910, wh:ch are entitled to participate in dividend, for which, upon appliInvestigations, Financial Statements,
cation, certificates will be issued on and after Tuesday ti. second of 'lay next.
Periodical Audits and Accounting
G. STANTON FLOYD-JONES, Secretary.
By order of the Board.
TR CSTEES
HERBERT L. Gnions.
FRANCIS M. BACON.
CHARLES M. PRATT.
JOHN N. BEACH.
CLEMENT A. GRISCOM,
DALLAS B. PRATT,
ERNEST C. BLISS,
ANSON W. HARD, .
GEORGE W. QUINTARD,
THOMAS H. HUBBARD.
VERNON H. BROWN,
A. A. RAVEN.
WALDRON P. BROWN.
LEWIS CASS LED YARD.
JOHN J. RIKER,
JOHN CLAFLIN,
CHARLES D. LEVERICH.
DOUGLAS ROBINSON.
GEORGE 0. CLARE,
LEANDER N. LOVELL,
GUSTAV II. SCHWAB,
GEORGE H. MACY.
CLEVELAND H. DODGE,
WILLIAM SLOANE,
MANILA:. SISAL AND JUTE
CORNELIUS ELDERT.
CHARLES H. MARSHALL. LOUIS STERN,
RICHARD II. EWART.
NICHOLAS F. PALMER,
WILLIAM A. STREET,
PHILIP A. S. FRANKLIN,
HENRY PARISH,
GEORGE E. TURNURE,
ADOLF PAVENSTEDT,
A. A. RAVEN, President,
CORNELIUS F:LDERT. Vier-President.
WALTER WOOD PARSONS. 24 Vice-President
CHARLES E. FAY, 3d Vice-President.
65 Wall Street
New York
JOHN H. JONES STEWART. 4M Vico-.Prestien1
New York, Chicago, Cincinnati and
London, England.
THE AMERICAN MFG. CO.
CORDAGE
[VoL. Lxxxxii.
THE CHRONICLE
412
gvust Tompanits.
grust Tommanits.
uifiteg 61810S Trust Gomm at Ao
York,
Chartered 1853
45 and 47 WALL STREET
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
-
$2,000,000.00
$13,772,667.70
This Company acts as Executor, Administrator, Guardian, Trustee, Court Depositary and in
other recognized trust capacities.
It allows interest at current rates on deposits.
It holds, manages and invests money, securities and other property, real or personal, for estates,
corporations and individuals.
Manhattan
Trust
Company
EDWARD W. S1LELDON, President.
HENRY E. AHERN, Secretary.
WILLIAM M. KINGSLEY, V.-Pres.
WILFRE.D J. WORCESTER, Asst. Sec. CHARLES A. EDWARDS,2d Asst.Sec.
TRUSTEES.
JOHN A. STEWART, Chairman of the Board.
Payne Whitney,
Frank Lyman,
Edward W. Sheldon,
James Stillman,
Chauncey Keep,
John Ciallin,
George L. Rives,
John J. Phelps,
Arthur C. James,
Lewis Cass Ledyard,
William M. Kingsley,
Lyman J. Gage,
W. Bayard-Cutting,
William Rockefeller,
Alexander E. Orr,
William H. Macy Jr..
William D. Sloane,
Gustav H. Schwab,
William Stewart Tod,
Ogden Mills,
Egerton L. Winthrop
Cornelius N. Bliss, Jr.
FIDELITY TRUST COMPANY
Temporary Offices
1 1 3 BROADWAY
WALL STREET
CORNER NASSAU
NEWARK, N. J.
Resources Over $29,000,000
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts as Executor,Trustee, Administrator and in all fiduciary capacities.
Takes entire charge ef Real and Personal Estates, Guarantees Titles of
Raal Estate throughout Now Jersey.
General Banking and Savings Departments. Bond Department for
purchase and sale of municipal and public utility securities. Safe Deposit
Department.
CENTRAL TRUST COMPANY
of NEW YORK
UNITED STATES
MORTGAGE & TRUST
COMPANY
NEW YORK
CAPITAL,
(
.32,000,000.00
Invites Personal and Bustneas
Accounts. Acts as Trustee, Executor, Administrator, Guardian and in all Fiduciary
Certifies MuniCapacities.
cipal and Corporation Bonds.
54 Wall Street
1111•11111111MMO,
55 Cedar St.
Capital and Surplus, $18,000,000
(of which $17,000,000 has been earned)
Authorized to act as Executor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
CHARTERED 1864
Union Trust Companyof NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office: 425 Fifth Avenue, corner 38th Street,'
With Modern Safe Deposit Vaults
Capital $1,000,000
Surplus (earned) $7,800,000
ALLOWS INTEREST ON DEPOSITS.
Acts as Executor, Guardian, Trustee, Administrator and in all Fiduciary Capacities
on behalf of Individuals, Institutions or Corporations.
uretp Companp
Home Office, 206 La Salle Street
CHICAGO
WRITES ALL CLASSES SURETY BONDS
Court—Fidelity—Contract—Miscellaneous
The motto of the Illinois Surety Company is "Prompt Servtce"
both in the handling of its business and the adjustment of its lasses
SURPLUS,
$4,000,000.00
73rd St.
125tii St. * 5111 Are,
Industrial Trust Company
Providence, R. I.
CAPITAL
SURPLUS
$3,000.000
8,0004138
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 Pepper, ABA.Trea3,
Frederick B. Wilcox,AudIts8
BOARD OF DIRECTORS.
Herbert N. Fennel
Samuel P. Colt
J. Milton Payne
Olney T. Inman
Richard A. Robertson Eben N. Littlefield
Otis Everett
Joshua M. Addeman
C. Prescott Knight
James M. Scott
Jesse H. Metcalf
William H. Perry
John J. Watson 3s.
Arthur L. Kelley
Charles H. Allen
H. Martin Brown
John B. Branch
George F. Baker
William P. Chapat
George M. Thornton
Angus McLeod
Cyrus P. Brown
Ezra Dixon
Chita, C. Harrington
Howard 0. Sturgis
Louis H. Comstock
Edward D. Pearce
Englehart C. Ostby
1850
1911
The United States I:
Life
Insurance Co.
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
JOHN P. MUNN, M. D., President.
Finance Committee
JLARENCE H. KELSEY,Pres. Title Gu.ecTr.0o.
WM. H. PORTER,Pres. Chemical National Bank
FM.TOWNSEND,Prem. Imp. & Traders Nat. Bk.
Good men, whether experienced in life insurance
or not, may make direct contracts with this Oonipsny. for a limited territory if desired, and secure
for themselves, in addition to first year's commis.
don, a renewal interest insuring an income for the
future. Address the Company at its Home Office
No. 277 Broadway, New York City
@FedFRASER